Please see the following important stories.  It appears to be quickly
slipping through Davis' fingers.  May be useful to re-group a bit in light of
the following events.  In sum:

Most importantly, in today's Chronicle, it's reported that Davis' staff met
with key Democrats yesterday and lowered the boom.
DWR purchases likely to be about $25 billion and rates may have to go up by
100%.  (See attached story.)
Apparently, one of the big reasons that 8X got held up yesterday is because
Davis' own staff went to D leadership and said, "don't move 8X (a bill that
Davis was said to support) because the $10 billion cap on bonds won't work;
they need much more."
It appears that rate increases will now become part of the mix, whether Davis
likes it or not.
The staff alleged that they were conveying the information before Davis had
been informed of the "bombshell."
Davis was criticized for being at yet another fund-raiser yesterday while the
situation significantly deteroriated in Sacramento.  (See attached story.)
Meanwhile, PG&E has sued--or may be about to sue--the State, saying they
won't pay the QFs according to Davis' plan (which the PUC is supposed to
implement on Tuesday).  (See attached PG&E press release.)
Finally, Mike Kahn has issued an opinion piece in yesterday's Chronicle, in
which he attempts to lump together into one pile Republicans, market
proponents, price gougers and Texans, and defending Davis and Lynch.

******************************************************************************
***********************************************************************
Davis' Measured Plan To Fight the Darkness
Michael Kahn
Friday, March 23, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/23/E
D103778.DTL
COMMENTS on Gov. Gray Davis' energy programs by apologists for former Gov.
Pete Wilson bring to mind Robert Kennedy's admonition that it is better to
light a candle than curse the darkness.
Let's examine the darkness created by Wilson's energy deregulation scheme.
The 1996 law he signed could not have been more wrong headed.
-- Why did it hand energy price control over to the Federal Energy Regulatory
Commission?
-- Why did it free wholesale prices, while capping the price utilities could
charge customers?
-- Why did the former state Public Utilities Commission force utilities to
sell off their fossil fuel power plants, leaving them vulnerable to predatory
pricing by out-of-state merchant generators?
-- Why did the Wilson-era PUC bar utilities from entering into contracts to
ensure a long-term supply of cheap electricity?
-- Most pointedly, why did California enter into deregulation without enough
available generation to ensure a fair market based on balanced supply and
demand?
These are tough questions. It is not hard to understand why former proponents
of the 1996 deregulation scheme would rather not answer them, preferring to
bemoan the darkness and curse Davis' actions.
The Wilson apologists jeer at plans for the state to purchase the power grid,
though they surely know the value of a well-maintained, fully functioning
electric transmission network. Bottlenecks in the grid impede the sharing of
power between Northern and Southern California. This was a main reason
Northern California experienced rolling blackouts in January while Southern
California had plenty of power.
The state's purchase of the grid will infuse new cash into the utilities,
pulling them back from the brink of bankruptcy, while giving the state a
tangible and valuable asset in exchange.
And ownership of the grid will allow the state to modernize it, removing
bottlenecks and upgrading technology - something the utilities have long
failed at doing.
The apologists ignore the state's strong record on energy conservation and
Davis' actions to enhance these efforts.
California now has the nation's second-best energy conservation record. The
governor has budgeted $404 million in new conservation measures and added an
executive order offering 20 percent rebates to those who reduce their
consumption 20 percent over last year. These measures will reduce commercial
lighting, encourage residential and industrial efficiency and make state and
commercial buildings more energy efficient.
The apologists disregard the fact that the governor has also reversed a trend
that had seen power plant construction in California drop to insignificance
in the '80s and '90s. Since April 1999, the California Energy Commission has
licensed nine major new power plants. Six are under construction. This is
part of a streamlined, fast-track plant licensing process that aims to put an
additional 20,000 megawatts on line by the summer of 2004, a nearly 50
percent increase in generation.
And the apologists refuse to recognize that California is building the right
sort of power plants - efficient, clean and environmentally friendly, with a
strong bent toward renewable power sources.
In fact, while some would go Texas' route and build plants that meet only the
bare minimum of environmental requirements, California is continuing the
effort that has made it the nation's leader in the use of clean, renewable
power sources.
Instead, the apologists engage in name calling, such as the charge leveled by
former Wilson communications director Dan Schnur on this page that Loretta
Lynch, the Davis appointee as PUC chair, is inexperienced and has failed to
deal effectively with the energy emergency.
Forget for a moment that of the 22 people who have served as PUC
commissioners since 1980, only six had any energy expertise before their
appointments.
Forget for a moment that one of the principal architects of deregulation was
Daniel Fessler, the UC Davis contract law professor with no special expertise
in energy issues whom Gov. Wilson appointed as PUC president.
Just consider this: It was the PUC under Lynch that freed the utilities to
buy electricity on cheaper, forward contracts outside the Power Exchange.
This corrected a huge Wilson-era PUC blunder that put utilities in an energy
price straitjacket. The Lynch-led PUC also prohibited utilities from selling
additional power plants, and it began the successful effort to make
California's ISO (the Independent System Operator that runs the state's power
grid) independent of the industry-connected officials who controlled it.
Meanwhile, what sort of grand solutions have the apologists presented? Drill
for oil in the Arctic National Wildlife Refuge in Alaska, build nuclear
plants on closed military bases and encourage the construction of dirty
Texas- style power plants in California.
Drilling in the Arctic will not produce a watt of new power for California.
Californians have long said they do not want the risks presented by new
nuclear plants.
And lax Texas pollution rules prompted the Dallas Morning News to charge in a
Dec. 17 editorial that Texans are choking on the exhaust from power plants.
Most disingenuously, the apologists would "let the market work," claiming
that unfettered market forces will soon bring fair and balanced prices. But
the market doesn't work now, as the Federal Energy Regulatory Commission has
repeatedly admitted, most recently with its finding that generators
overcharged the state in January.
Unfortunately, for the most part the same commission had refused to clamp
down on sky-high prices charged by generating companies. Look at New York's
deregulated market, where there are no caps on retail electric prices. Market
forces have done consumers there little good. New Yorkers pay the highest
prices for electricity in the country. And the New York Times has reported
that rates paid by consumers have increased a whopping 40 percent just since
1999.
Those who would allow the market to work (let the darkness reign) know well
that if the market "works" to produce New York-style rate increases in
California, the consequences to the public would be dire.
Compare this to Gov. Davis' well-structured plan for effective energy
conservation and stabilization of the state's electricity market and his
expedited program to bring clean, efficient new power plants on line quickly.
Robert Kennedy would understand Gov. Davis' approach and his critics'
perspective.
Michael Kahn is a member of the state Independent System Operator's board of
governors.
,2001 San Francisco Chronicle ? Page?A - 25

Bombshell Warning on Power Cost
Spending may double and rates skyrocket, governor's office tells Legislature
Greg Lucas, Lynda Gledhill, Robert Salladay, Chronicle Sacramento Bureau
Saturday, March 24, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/24/M
N176940.DTL
Top Davis administration officials told lawmakers yesterday that the state
may have to spend twice as much as expected on electricity purchases over the
next two years - requiring rate increases of as much as 100 percent.
The stunning admission by the Davis administration contradicts his repeated
promises that his plan to ease California's energy woes could be done without
a rate increase.
California will probably need to issue $23 billion in bonds for electricity
buys, more than double the amount Davis said would be needed by the state to
keep electricity flowing until California's cash-poor utilities can get back
on their feet.
Administration officials told lawmakers to stop action on a bill that would
have capped the state's energy purchases at $10 billion.
But a Davis spokesman said the numbers were far from firm.
"There are a lot of scenarios being run . . . and until we complete the
negotiations, this can be added up any way you want," said Steve Maviglio,
press secretary to Davis.
"Those numbers are not based on any reality right now," he said. "There are
too many things up in the air."
Assembly Democrats told a different story.
They said Tim Gage, director of Davis' Department of Finance, Cabinet
Secretary Susan Kennedy and John Stevens, Davis' top energy aide, met with
Assembly Democratic leaders and dropped the bombshell.
And they did so just as those same leaders were trying to convince fellow
lawmakers how important the bill was to the Davis administration.
They also said that Davis, who was in the Palm Springs area for most of the
day and briefly attended a fund-raiser at a golf club, was unaware of the
figures.
PURCHASES IN BILLIONS
The three top aides said that electricity purchases for this year by the
state would be $16 billion, not the $10 billion initially predicted. An
additional $7 billion in state power purchases would be needed next year,
they said.
The state has been buying power at a clip of $45 million a day since Jan. 17
because the troubled utilities could no longer afford to make the purchases.
From the start of the energy crisis, the state has planned to repay its power
purchases through bond sales. The bonds would be paid off by a portion of the
amount ratepayers are charged on their monthly bills.
Davis has so far insisted that enough money could be found to cover the $10
billion without raising rates.
But his aides said if the size of the bonds ballooned to $23 billion, a hefty
rate increase would be necessary.
INCREASE UPON INCREASE
The Public Utilities Commission is already planning to make permanent a
temporary 9 percent increase. An additional automatic 10 percent is scheduled
for no later than March 2002.
But the aides said, on top of that, an additional 60 percent to 80 percent
increase would be required to cover the debt service.
"For some time, I have believed a fundamental part of solving this problem is
admitting there needs to be a rate increase, and the numbers that have been
shared today make that inevitable, and we should start dealing with the
reality as soon as possible," said Assemblyman Fred Keeley, D-Boulder Creek
(Santa Cruz County).
One consumer advocate said the revelation means the utilities are closer to
bankruptcy because the state and ratepayers won't have the cash to bail them
out.
And it could mean political trouble for Davis.
"Unless the governor issues an ultimatum to lower the prices, everybody's
bill will double, and he will not be able to run for re-election in 2002,"
said Harvey Rosenfield, head of the Foundation for Taxpayer and Consumer
Rights.
PG&E THREATENS SUIT
The news came as Pacific Gas and Electric Co. threatened to take the state to
court over Davis' plan to force the company to pay back certain creditors.
Davis' proposal would require the utilities to pay alternative power
generators for all the power that they supply, something PG&E said it cannot
afford to do. Several of the generators shut down earlier this week as
rolling blackouts spread across the state.
The bill stalled yesterday in the Assembly as Republicans objected. Lawmakers
will resume debate Monday.
Earlier in the week, Davis announced that action would be taken by the
Legislature and the Public Utilities Commission that would guarantee payment
to the alternative energy providers. He also said the state -- which has
spent $3.7 billion to purchase power -- should be paid back first.
Without that promise, several of the small biomass, solar and wind producing
plants -- called qualified facilities -- said they would have taken Southern
California Edison Co. into bankruptcy court. The alternative generators
provide enough electricity to power roughly 6 million homes.
PG&E said it cannot afford to pay the alternative producers and reimburse the
state for the billions it has spent purchasing power.
"These actions approach the problem in a piecemeal and uncoordinated fashion
and would force us to pay out far more than we collect in rates, further
exacerbating an already precarious financial situation," Gordon Smith, PG&E's
president and chief executive officer, said in a statement.
DIFFERING VIEWS ON COSTS
According to PG&E's numbers, the company collects $400 million a month in
rates. It says the average price to pay all the generation sources exceeds
$1. 4 billion a month.
But consumer advocate Nettie Hoge said the utilities are exaggerating their
own costs in order to try to keep as much money as possible.
"It's just absurd," said Hoge, the head of The Utility Reform Network. "They
have a temper tantrum every time something doesn't go their way."
The bill PG&E objected to is necessary to allow the PUC to order utilities to
pay small power generators who agree to sign lower-priced contracts to
provide energy.
The proposal offers generators a choice of agreeing to a five-year contract
at $79 per megawatt or a 10-year deal at $69 per megawatt, Davis said. The
going rate now is about $150 a megawatt. The PUC wants to act as early as
Tuesday to bring some financial relief to the generators, who have been paid
pennies on the dollar.
Assembly Republicans objected to the bill in part because it would allow the
PUC to change the formula for setting the price paid alternative producers so
that it no longer considered the price of natural gas.
Co-generators -- some of the largest of which are operated by oil refineries
-- say without the price of natural gas as a consideration, it would cost
them more to produce energy than what they would be paid for it.
E-mail Lynda Gledhill at lgledhill@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 1

Davis at Fund-Raiser as His Bill Languishes
Critics say he should have been at Capitol
Greg Lucas, Robert Salladay, Chronicle Sacramento Bureau
Saturday, March 24, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/24/M
N171337.DTL
While the Assembly struggled -- and failed -- to pass a bill aimed at keeping
hundreds of small energy generators from bankruptcy, Gov. Gray Davis attended
a $10,000-a-head golf fund-raiser yesterday in Palm Desert.
Organized by Duane Dauner, president of the California Healthcare
Association, the event was held at Bighorn Golf Club, a luxurious private
country club of which Dauner is a member.
Davis' top political adviser said the governor didn't play golf, just stopped
by a luncheon before the round began so he could return to Sacramento.
But during Davis' absence, a bill he backed -- critical to bailing out small
power generators -- languished in the Assembly.
On Thursday, lawmakers canceled next week's long-planned annual trip to
Washington, D.C., to focus on energy issues.
"There is not a lot of electricity to be found on the golf course," said
Harvey Rosenfield of the Foundation for Taxpayer and Consumer Rights, a chief
critic of Davis and the state's utilities. "He ought to be in Sacramento to
try and solve the crisis and not prospecting for contributions in the grass
in Palm Springs."
The Democratic governor has been frequently criticized for the time he spends
raising money for his campaign fund, money that comes from well-heeled
interests with dozens of issues pending before his administration.
Since becoming governor, Davis amassed $25 million by the end of 2000 --
averaging more than $1 million a month in contributions, often from fund-
raisers directed at specific industries.
Garry South, Davis' political adviser, said Davis was in Palm Springs to
dedicate a University of California building and "dropped by a lunch"
preceding the golf.
South said the fund-raiser "was a diverse group of people that paid varying
amounts of money."
Lawmakers canceled their yearly visit to federal officials on issues
important to the Golden State because they didn't want to give the impression
that "there was somewhere else more important than California," said state
Sen.
Don Perata, D-Oakland.
Raising money at a tony golf resort during the crisis simply looks bad,
Perata said.
"We have to be really careful because the public's patience and their
confidence in what we're asking them to do depends on how they see us
reacting to the problem," he said. "This will be negatively interpreted."
Other lawmakers said the governor's top-level staff was working on the
problem but acknowledged the golfing fund-raiser looked bad.
"It's not the best symbolic message, but I feel we have to give him the
benefit of the doubt," said Assemblywoman Carole Migden, D-San Francisco.
Davis did appear briefly yesterday on nationally broadcast CNBC to talk about
the energy crisis and blast power generators for allegedly overcharging the
state. He appeared live from Palm Springs.
The California Healthcare Association represents nearly 500 hospitals and
boasts on its Web site that it "influences public policy development through
both legislative and regulatory advocacy efforts."
Last month, the group introduced a legislative package to expand nursing
education and streamline college requirements for nurses.
One of the bills calls for spending $120 million a year on nursing classes.
The group also is lobbying the new Department of Managed Health Care, which
is staffed by Davis appointees, to speed up payment of $1 billion in late
bills owed to hospitals.
Davis signed a bill last year that gave the HMO czar the power to sanction
health care plans for failing to pay Dauner's clients, the hospitals, on
time.
In his first six months in office, Davis attended a fund-raising dinner at
Dauner's house that brought in an estimated $100,000. It was part of a spree
that netted the governor a record-breaking $6.1 million in half a year.
At the time, Dauner told the Los Angeles Times: "We don't talk policy at
those kinds of things, or legislation. This was really more of a social
event. He talked about his goals and probably spent more time discussing
education than anything else."
Dauner could not be reached for comment yesterday.
E-mail the reporters at glucas@sfchronicle.com and bsalladay@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 13

	FOR IMMEDIATE RELEASE March 23, 2001
CONTACT: PG&E News Department (415) 973-5930

PG&E Responds to Energy Proposals in Sacramento
	San Francisco -- Pacific Gas and Electric Company today announced that it
will be forced to challenge actions now being contemplated by the State of
California to impose new demands on its frozen rate structure. The proposed
actions will destabilize its current situation with creditors and put the
entire possibility of reaching a balanced solution to California's energy
crisis at risk.
	This week, the State has made clear its intention to use Pacific Gas and
Electric Company's existing rate structure to begin fully paying Qualifying
Facilities (QFs) in advance, for future power purchases, starting April 1,
and to reimburse the Department of Water Resources (DWR) in advance of any
other generating source, including utility-retained generation, bilateral
contracts, QFs or the Independent System Operator (ISO).
	"These actions approach the problem in a piecemeal and uncoordinated fashion
and would force us to pay out far more than we collect in rates, further
exacerbating an already precarious financial situation," said Gordon R.
Smith, president and chief executive officer of Pacific Gas and Electric
Company. "The numbers just don't work."
	Currently, under frozen rates, Pacific Gas and Electric Company has been
collecting approximately $400 million per month for the purchase of electric
power. This revenue has been used in payments to power suppliers, including
power purchases from irrigation districts and bilaterals, to cover costs of
operating our retained generation, and is insufficient to cover payments to
the ISO and QFs. The average combined energy bill from all of these sources
exceeds $1.4 billion a month, and may go even higher in the coming months.
Moreover, the utility's financial condition has been further jeopardized by
the failure of the DWR to acknowledge responsibility for the full "net open
position," i.e. the power that must be purchased on the spot market. This
dispute over the net open position is threatening to accrue additional
liabilities for Pacific Gas and Electric Company.
	"We continue to work with State officials to develop a constructive,
comprehensive solution that assures that California has a reliable and fairly
priced supply of power. Nevertheless, we have a duty to our suppliers,
lenders and shareholders to protect the assets of the utility, and we must
challenge any action by the State to force us to pay out more than is
collected in rates," Mr. Smith concluded.
	?


I'll tell you later

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, October 26, 2001 7:56 AM
To:	Rybarski, Amanda
Subject:

then where?


You are a superstar!


I'll convey your efforts to MPC.  Thanks,  John

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Thursday, June 21, 2001 4:03 PM
To:	Malowney, John
Cc:	Bland, Todd; Dean, Craig; Guzman, Mark; Harasin, Leaf; Linder, Eric; Merris, Steven; Meyers, Bert; Porter, David V.; Slinger, Ryan; Solberg, Geir; Symes, Kate; Williams III, Bill
Subject:	RE: Montana Power Company (MPC) Energy Imbalance

John,
We have asked every single counterparty in the NW to sell us energy.  We bid $300 to PowerX and were told that they were abiding by the cap.
We are working hard to get them the energy that they need and will continue to do so.

Bill

 -----Original Message-----
From: 	Malowney, John
Sent:	Thursday, June 21, 2001 3:38 PM
To:	Williams III, Bill
Cc:	Portland Shift
Subject:	Montana Power Company (MPC) Energy Imbalance

Bill; Mike Cashell (MPC's Transmission Mgr.) just phoned me concerned, because MPC's Real-Time group requested EPMI purchase energy for them under our existing Energy Imbalance structure, and was notified by our Real-Time group that due to the newly implemented FERC price cap, we were have difficulty securing any resources.  Just to clarify things, we are settling MPC's Choice customers Energy Imbalance position, and PP&L Montana has the right to any length resulting from MPC's "domestic" load Energy Imbalance.  In other words MPC is settling two separate Energy Imbalance accounts, so during the hour they may be turning energy back to PP&L Montana, while at the same time finding themselves short for the Choice loads.  During the recent bullish pricing conditions, Choice customer were leaving themselves long, as of late, MPC is experiencing the Choice customers doing the opposite, positioning themselves short.  The net result is that MPC will most likely be expecting us to fill a short position from this point on, so I'd really like to see what we can do to honor their requests, mindful of the favorable position we've enjoyed over the last several months. Let me know if you'd like to discuss this further, or better yet if you've got a workable solution to the problem.  In the meantime, thanks again to you and your staff for the outstanding performance thus far in dealing with MPC.   John


Heard the Skilling meeting was postponed.  Here's the redraft of the
Exclusivity; I'm sending a draft of the consent to Raptor transactions down
shortly.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 11/29/2000 07:34 PM -----

	"Stockbridge, Edward T" <tstockbridge@velaw.com>
	11/29/2000 03:56 PM

		 To: "McCullough, Travis (Enron)" <travis.mccullough@enron.com>
		 cc: "Collins, Christopher" <chriscollins@velaw.com>, "Wills, Anthony"
<awills@velaw.com>
		 Subject: Redraft of the Exclusivity Agreement

Travis:

 Please find attached a clean and redline version of the revised
Exclusivity Agreement, with the changes that we discussed.  The redline
shows changes from the draft submitted to us by eSpeed.

 Per our earlier conversation, you said that Andy was still thinking
about one open point, namely: Whether the definition of the Enron Platform
should be modified to anticipate some changes that may occur.  Specifically
I suggested that the requirement that the Enron Platform be "operated" by an
Enron Party be deleted, and leaving only the limitation of ownership.

 I have given Anthony comments on the series designation.  He will be
making other changes to the designation and will forward it to you directly.

 Please let me know if you have any questions or comments, or if I
can be of any further assistance.

 Best regards,

 Ted
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You
 <<Nov 29 Exclusivity Agreement [by VE].DOC>>   <<Redline.rtf>>

 - Nov 29 Exclusivity Agreement [by VE].DOC
 - Redline.rtf


-----Original Message-----
From: 	The Power Marketing Association <info@pmaconference.com>@ENRON
Sent:	Monday, February 04, 2002 1:27 AM
To:	Baughman Jr., Don
Subject:	Power Markets 2002  -  April 17-18   Las Vegas, NV

[IMAGE]
 	 POWER MARKETS 2002:  Risk and Reward
 	April 17-18, 2002  Las Vegas, NV
		[IMAGE]
 	  Sponsored by The Power Marketing Association Download Brochure at: http://www.pmaconference.com/markets2002.pdf    Attend the Power Marketing Association's Seventh  Annual Spring Conference:  Power Markets 2002: Risk  and Reward, April 17-18, 2002, at the Excalibur Hotel in  Las Vegas, Nevada.  We will see record numbers of new powerplants coming  on line this year. New, much larger RTOs promise  dramatic increases in liquidity. The Enron fallout will  continue to force balance sheet improvements-- perhaps  more mergers and acquisitions. Price volatility will  continue, and risk management techniques will continue  to be honed.   Come hear the experts who will help you survive and  thrive in 2002!   Topics   Transmission and RTOs: Representatives from  PJM, Cal ISO and Midwest ISO on their respective  regions.  Credit: Susan Abbott of Moody's on evolving  credit standards in our industry  Insurance: Scott Ettien from NCM, Lynda  Clemmons from  Element Re and Pat Toner Goudarzi from ACE, on Credit  Insurance, Weather-risk Insurance and Innovative  Insurance Products, respectively  Exchanges: Monte SImpson of InterContinental  Exchange and Brad Leach of NYMEX on the growth in the  use of exchanges.  Markets: Chris Pollatos of Mirant, Dave Freeman  of Panda and Mike Young of Aquila on the state of  various aspects of the power markets.  And More! Cabell Poindexter of Wyndham Mills on  job prospects! John OBrien of Skipping Stone on the  outlook for Transmission! Henwood on outlook for  powerplant construction! Adrian Palmer of Caminus Corp  on European Markets!   Fundamentals of Power Marketing.  On April 16,  Scott Spiewak will be repeating his "Fundamentals of  Power Marketing" preconference seminar. Essential for  the new industry participant, it is also a valuable  overview for the industry professional.   Download Brochure at: http://www.pmaconference.com/markets2002.pdf    The Power Marketing Association  PowerMarketers.com   email: info@pmaconference.com  voice: 201 784 5389 web: http://www.PowerMarketers.com
 	 	[IMAGE]

 This email was sent to don.baughman@enron.com, at your request, by PowerMarketers.com .
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----- Forwarded by Tana Jones/HOU/ECT on 01/18/2001 10:19 AM -----

	Walter Guidroz@ENRON
	01/18/2001 10:05 AM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Kelly
Lombardi/NA/Enron@Enron
		 cc:
		 Subject: EOL approvals/amendments, 1-18-01

Attached is the EOL spreadsheet for January 18, 2001.  Amendments are
highlighted in yellow; please let me know if any clarification is needed.
Thanks.

Walter


Traded calls.  I'll get back to you soon as we hook up.  Can't wait to hear what Jerry says.  Probably something like, "Talked to Tom Beach.  Heard about your plan.  We'll call you."  Or who knows.  He could surprise us.  I'll let you know either way.

Best,
Jeff

 -----Original Message-----
From: 	Etringer, Michael
Sent:	Monday, November 05, 2001 2:13 PM
To:	Dasovich, Jeff
Subject:	RE:

Any reply on this>>>?

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Monday, October 29, 2001 1:29 PM
To:	Etringer, Michael
Subject:

You won't believe this.  Jerry Bloom left me a message.  Wants to talk, though I wouldn't get my hopes up.  I'll let you know what he says.

Best,
Jeff


---------------------- Forwarded by Eric Bass/HOU/ECT on 09/29/2000 09:44 AM
---------------------------

Brian Hoskins
06/26/2000 04:10 PM
To: Roberto Martinez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Hector
Campos/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Luis
Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Barry Steinhart/Corp/Enron@Enron,
Dick Jenkins/HOU/ECT@ECT
cc:
Subject: Delta Ad

For old times' sake...

 - DELTA.WAV


Sorry for the delay. Here is the tentative program for the meeting. I'm
arranging to get you the registration package. You will also hear from my
secretary shortly about a panel conference call to go over the agenda.

  <<Key West Program Schedule.doc>>

 - Key West Program Schedule.doc


For questions or comments regarding this report please contact G. Britt Whitman at ex:5-4014 or Kristin Walsh at ex:3-9510.

EXECUTIVE SUMMARY
?	Senate May Seal SoCal's Fate
?	SoCal Edison Eyeing Bankruptcy

California Senate & SoCal's Fate
With the California Assembly's passage of SB 78XX last week, Senator John Burton (President Pro Tem) is positioned as perhaps the most legislatively powerful man in California.  Maintaining his hard line against the Assembly's amendments to SB78XX, Burton has completely rejected SB78 XX and has instead revived a previously introduced Assembly bill (AB 67XX), which had not faced a Senate floor vote.  The majority of AB 67XX's original language has been gutted by Burton and discretely replaced with the following points:

?	Financing of the dedicated rate component has been modified to incorporate a smaller rate base consisting of consumers using only 70 kv or more (formerly users as low as 20 kv were included).  The 70 kv value is rumored closer to 120 kv.
?	The state will have a 5-year option to purchase SoCal's transmission assets at twice book value and SoCal will be allowed to transfer profits from the sale to their parent company.
?	A renewables portfolio equal to 20% of total generation must be in place by 2010.
?	There is an 11.6% return on generation in the bill.
?	The amount authorized for SoCal's bond issuance has been lowered from $2.9B to $2.5B.
?	Direct access language has been included in the bailout bill.  The exact language, which was developed by Senator Bowen's office, is not yet known, however, earlier versions suggest that all parties will be forced to pay exit fees, switch providers no earlier than 2003, and there will be no cost shifting away from the DWR. (Note: Senator Burton is reportedly listening carefully to Treasurer Angelides' arguments about the revenue bonds not selling if direct access is included.)

It is doubtful that Burton will insist on the loyalty of fellow Democrats and will preferably discourage the bill's support.  The arrival of AB67 XX on the Senate floor may be little more than Burton's civil compliance with Gov. Davis' request.  All Republicans and at least 5 Democrats are expected to vote against the bill; an additional two dissenting Democrat votes would effectively block AB67 XX.  Consumer advocates that adamantly oppose this bill (because it lacks the state's ownership of hard transmission assets and burdens residential consumers with excessive rates) are "optimistic" about the bill's defeat in the Senate.  Despite these circumstances, it is highly conceivable that the Senate could pass along a virtually ineffective & inadequate bailout package for the Assembly's approval.

Burton is reportedly avoiding discourse with Davis over AB67 XX and as the hours pass ever closer to the midnight deadline, Burton will likely introduce the bill for floor vote and then hurriedly adjourn the Senate.  If the bill passes, the Assembly will bare the difficult task of either accepting the bill as is, or reject the bill and risk SoCal's bankruptcy.  We believe that if the bill makes it into the Assembly, AB67 XX will pass despite strong opposition from both the CTMA and consumer advocates.  There is no current vote count available in the Assembly, but we expect the Assembly to debate the bill into the early hours of Saturday morning.

Inside Edison
There are still strong indications that even if a bailout plan is passed, SoCal will voluntarily file for bankruptcy or a creditor, most likely a generator, will take them into bankruptcy.  SoCal remains concerned due to the number of contingent claims on their cash (by the DWR, etc.) and appear likely to try to protect these cash flows.  From the generators' perspective, if a plan is passed, the bank creditors will get paid but they will not.  Also, the DWR and ISO have not resolved even what amount is owed to generators for power they have provided this year, let alone when they will be paid.  The total amount owed through the ISO is approximately $2B.  Nonetheless, the generators remain under a federal order to provide power to the state.  Once a deal is passed leaving too little money for SoCal to pay the generators, this will leave them with little means of satisfaction other than filing against SoCal.

SoCal has privately indicated to Senators that if the AB 67XX fails to include any consumer using 100 kv or more as the base for the dedicated rate component, SoCal will be forced to file for bankruptcy because of their inability to effectively securitize the bailout bonds.  SoCal feels that this rate base is too small and the risk of these businesses fleeing the state is too high.  The CTMA also has indicated that some of its members may leave the state to avoid having to pay the extra surcharge on power.

SoCal has not communicated a position on whether the $400 million trim (from the original $2.9B) puts them into bankruptcy. We estimate that an additional $400 million hit is indeed too much to bear and would prompt a voluntary bankruptcy petition.


19th Annual
RDI User Conference
April 22-24 2002Amelia Island Plantation Resort

What: 19th Annual RDI User Conference
Where:Amelia Island Plantation ResorT
When:April 22-24, 2002

Join us for basic and advanced product training, breakout sessions, and hear from industry experts. Topics will include:

POWERdat, GASdat, COALdat and POWERmap workshops
NEWGen unit-focused analysis
Latest BaseCase tools and analyses
Stand-alone POWERmap platform
Presentation-quality mapping using POWERmap

Quick Guide

Sunday 21, 2002

Golf Tourney

Monday 22, 2002

08:30 Breakfast
09:30 Break Out & Training Sessions
12:00 Lunch
13:00- 17:00 Breakout and Training Sessions
17:30 Welcoming Reception

Tuesday 23, 2002

08:30 Breakfast
09:00 Welcome & Opening Comments
09:30 General Session- Speakers
11:00 Coffee/Tea Break
11:15 General Session- Speakers
12:00 Lunch
13:00- 17:00 Breakout and Training sessions
17:30 Cocktail Reception

Wednesday 24, 2002

09:00 Breakfast
09:30 General Session- Speakers
11:00 Coffee/Tea Break
11:15 General Session- Speakers
12:00 Lunch
13:00-14:00 General Session-State of RDI
14:30-17:00 Breakout and Training Sessions

Register Now

RDI invites one FREE attendee per company

Conference registration fee: $795

A block of rooms has been reserved at $185/night

For more information contact Janice Field on 720-548-5442 or by Email

If you wish to cancel future Platts direct mailings AND Inside RDI newsletter updates, click here.


Tana:

Both Enserco and Arch Energy should be restricted from trading any U.S. power
products.

1.  Enserco Energy, Inc. (although a FERC-authorized power marketer) is not
authorized since credit has restricted them from trading any U.S. power
products.

2.  Arch Energy Resources, Inc. was rejected by credit so I'm rejecting them
as well.

Leslie


Done.

D

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           01/18/2001 06:01 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Tenaska 10/00 and 11/00

Please adjust the following demand fees for Tenaska for 11/00 and 10/00.

Deal 529856, day 11/01 - change from 493,365.75 to 409,145.72
Deal 529856, day 10/01 - change from 2,405,706.50 to 2,349,906.50
Deal 529856, day 10/02 - change from 184,138.99 to 128,338.99

Deal 514353 - change demand volume from 45,016 to 44,350

Thanks,
Megan


Tani,

Confirmed.

Vince

Tani Nath
11/07/2000 12:31 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Next week

8:00 on Wednesday sounds good - I look forward to seeing you then.


---------------------- Forwarded by Tana Jones/HOU/ECT on 04/11/2000 10:59 AM
---------------------------

Cyndie Balfour-Flanagan@ENRON
04/11/2000 10:31 AM
To: Stacy E Dickson/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT
cc: Gayle Horn/Corp/Enron@ENRON, Anthony Campos/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
Subject: CES/Merchant Energy Group of the Americas

Per letter dated 12/23/99, Merchant Energy Group of the America's requested
the termination of the CES GISBs and ISDA as it was their preference to use
the existing ENA Ks (Master Purchase/Sale #96017205 & ISDA #96019306). I have
set the termination dates for the CES/CEM GISBs (CES GISB #96028991 & CEM
GISB #96028994) to 4/30/00 so that they will be reported in the monthly
termination/expiration report. Please note that the CEM GISB is in your
(Stacy/Debra) stack of non-executed contracts that we (Galye & I) sent up
last month. It can now be routed to the file room (at least that is one
'solved' out of the stack). I've forwarded a copy of the letter to Anthony so
he can take care of the CES ISDA (K#96029703).

Cyn


SOMETHING TO THINK ABOUT...........LYNDA

 -----Original Message-----
From: 	"Susan M. Fontana" <smfontana@duke-energy.com>@ENRON
Sent:	Thursday, January 10, 2002 9:29 AM
To:	SAndrews@eprod.com; binnesd@texaco.com; jbliss@mitchellgs.com; keesees@kochind.com; Clapper, Karen; becky_d@swbell.net; Suzi@NGL-Supply.com; SGUNN@VECI.COM; DBHAVE@aol.com; jhjeschke@msn.com; marilyn.xeron@mindspring.com; rkasiske@eprod.com; mkissinger@solarc.com; llaferl@enron.com; kunzgc@cpchem.com; tnieto@eprod.com; loakman@ideasplus.com; loliver@cmsenergy.com; Phillips, Mary; porterh@texaco.com; MACSANTX@prodigy.net; christina.r.thompson@exxonmobil.com; tshofner@texasliquids.com; skinnerc@gabrielmail.com; csommer@sidrich.com; territor@kochind.com; Valerie.Volz; webster1122@hotmail.com; WhiteSueA@aol.com; bill_wood@udscorp.com; "Sandi Horne <sandihorne"@ENRON
Subject:	FW: A wonderful Message by George Carlin- of all people!

He sure got this right!!!

Susan M. Fontana
713/627-6420 (phone)
713/627-6275 (fax)
smfontana@duke-energy.com
----- Forwarded by Susan M. Fontana/Houston/PEFS/PEC on 01/10/02 09:27 AM
-----

                    "Harding, Tina
                    (E)"                 To:     "Blaschke, Elphine (EM)"
                    <EHARDING@dow.        <EMBLASCHKE@dow.com>,
                    com>                  "'SMFONTANA@DUKE-ENERGY.COM'"
                                          <SMFONTANA@DUKE-ENERGY.COM>
                    01/10/02 09:09       cc:
                    AM                   Subject:     FW: A wonderful Message by George
                                          Carlin- of all people!

ENJOY

Tina Romo Harding
N.A. Hydrocarbons Dept.
Phone: (713) 978-3609
Fax: (713) 978-3660
Email: eharding@dow.com

Subject: Fwd: A wonderful Message by George Carlin- of all people!

          The paradox of our time in history is that we have taller
          buildings but shorter tempers, wider freeways, but narrower
          viewpoints.

          We spend more, but have less. We buy more, but enjoy less.

          We have bigger houses and smaller families, more conveniences,
          but less time.

          We have more degrees but less sense, more knowledge, but less
          judgment, more
          experts, yet more problems, more medicine, but less wellness.

          We drink too much, smoke too much, spend too recklessly, laugh
          too little, drive too fast, get too angry, stay up too late, get
          up too tired, read too little, watch TV too much, and pray too
          seldom.

          We have multiplied our possessions, but reduced our values.

          We talk too much, love too seldom, and hate too often.

          We've learned how to make a living, but not a life.

          We've added years to life not life to years.

          We've been all the way to the moon and back, but have trouble
          crossing the street to meet a new neighbor.

          We conquered outer space but not inner space.

          We've done larger things, but not better things.

          We've cleaned up the air, but polluted the soul.

          We've conquered the atom, but not our prejudice.

          We write more, but learn less.

          We plan more, but accomplish less.

          We've learned to rush, but not to wait.

          We build more computers to hold more information, to produce more
          copies than ever, but we communicate less and less.

          These are the times of fast foods and slow digestion, big men and
          small character, steep profits and shallow relationships.

          These are the days of two incomes but more divorce, fancier
          houses, but broken homes.

          These are days of quick trips, disposable diapers, throwaway
          morality, one night stands, overweight bodies, and pills that do
          everything from cheer, to quiet, to kill.

          It is a time when there is much in the showroom window and
          nothing in the stockroom.

          A time when technology can bring this letter to you, and a time
          when you can choose either to share this insight, or to just hit
          delete.

          Remember, spend some time with your loved ones, because they are
          not going
          to be around forever.

          Remember, say a kind word to someone who looks up to you in awe,
          because
          that little person soon will grow up and leave your side.

          Remember, to give a warm hug to the one next to you, because that
          is the only treasure you can give with your heart and it doesn't
          cost a cent.

          Remember, to say, "I love you" to your partner and your loved
          ones, but most
          of all mean it.  A kiss and an embrace will mend hurt when it
          comes from deep inside of you.

          Remember to hold hands and cherish the moment for someday that
          person will not be there again.  Give time to love, give time to
          speak and give time to share the precious thoughts in your mind

     <<<<


What CRAP!!!  They have no political voice and the machines are old, give me
a break!  They didn't have a problem electing more blacks to their
legislature, so I guess they weren't denied the right to vote.  That last
quote by Jackson!!!  Oh my goodness, cry me a river.

I can't believe they can even say all this crap with a straight face.  But
then I'm sure I'm prejudice.

Don't send me any more of this crap today.  I'm trying to enjoy my Friday.
I'm headed to Ruston this weekend.  I'm going to see Tech and Tennessee.  I
think I told you that already.  I'm going to visit Fake family while I'm
there of course.

Talk to ya later,
Robin


I recently met with John Sherriff to review year-to-date regulatory affairs
costs.  We both agreed my team's efforts represent a real bargain!
Seriously, John asked me to summarise year-to-date spend for the commercial
units, so that they might get a feel for the costs being incurred on their
behalf.  I do this below.  First, just few explanations.  First, these are
figures through July (7 months).  Our burn rate is fairly constant, so you
should be able to extrapolate year-end spend from these, with the exception
of Central and Southeastern Europe, which started high and has come down.
Second, direct costs (payroll, travel, consultants, etc.) incurred by my
department year-to-date are $2.27 million.  Overhead allocations in (IT,
Admin., HR, etc.), which are included in your figures below, represent $2.36
million.  Finally, there is a little bit of "noise" still in these numbers,
e.g., my cost centre, for some reason, is picking up a large share of all
Amsterdam payroll costs, even though I only have one person in that office.
The figures below are not intended to be all inclusive, and therefore will
not necessarily add up $4.63 million.  Please feel free to contact me should
you have any questions.

German-speaking origination     $482,000
Nordic market            43,500
Poland          326,500
Russia               7,000
Coal Trading            39,500
Climate Change Levy           60,000
UK Gas & Power (trading/origination/asset dev.)      532,500
Continental Power Trading        209,500
Continental Gas Trading        216,000
Central and Southeastern Europe       651,500
Ireland             41,000
Iberia (including Arcos)         161,000
Italy           221,000
EES (including Enron Direct and ETOL)       275,000
EBS                1,000
Benelux and France         306,000

Mark Schroeder


Good progress.  But we need to ramp it up big time.  Jeff
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/26/2000
08:25 AM ---------------------------

Leonardo Pacheco@ENRON
10/25/2000 04:30 PM
To: Kenneth Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT, Mike
McConnell/HOU/ECT@ECT, Jay Fitzgerald/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, John Sherriff/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT,
Jeffrey A Shankman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Daniel
Reck/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Thor Lien/OSL/ECT@ECT, Douglas S
Friedman/HOU/ECT@ECT, Bob Crane/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, Richard
Lewis/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Dave Samuels/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT,
George McClellan/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Jim Fallon/Enron
Communications@Enron Communications, Nick Mooney/LON/ECT@ECT, Jeffrey
McMahon/HOU/ECT@ECT, Joseph P Hirl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
William S Bradford/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Paula
Rieker/Corp/Enron@ENRON, Cedric Burgher/Corp/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Kathryn Corbally/Corp/Enron@ENRON,
michael.r.brown@enron.com, Allan Sommer/Corp/Enron@Enron, Philippe A
Bibi/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Bruce Garner/LON/ECT@ECT
cc: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Kal
Shah/HOU/ECT@ECT, Andy Zipper/Corp/Enron@Enron, Savita
Puthigai/NA/Enron@Enron, Liz M Taylor/HOU/ECT@ECT, Jennifer
Thome/NA/Enron@Enron, Molly Hellerman/LON/ECT@ECT
Subject: EnronOnline Executive Summary for October 24, 2000

Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 10/24/00
Transaction Summary
External Transactions Today	3,132
Average Daily External Transactions (30 day Trailing Avg)	2,842
Total Life to Date Transactions	378,693

EnronOnline Daily % of Entity's Total Transactions for 10/24/00	Trans	Percent
Enron North America	2,593	74%
Enron Europe Limited	164	30%
Global Products	175	31%
Enron Metals	200	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	45%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,176,934,704
MTD	34,062,059,779
LTD	202,754,294,051
Average Daily Notional Value (30 Day Trailing Avg)	1,960,296,944

Notional Revenue from Physical Flows to Date	14,241,158,488

Counterparties, Users, and Products Offered
Counterparties having transacted to date	532
New Counterparties transacting for the first time today	4
Number of Products Offered Today	1,216
Total Number of External Users Logged on Today	2,849
Average # of External Users logged on (30 day Trailing Avg)	2,590


can you check with bob again, because i got confirms on the deals.  the
broker told me yesterday he forgot to tell bob.

   Kate Symes @ ECT                11/30/2000 06:05 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: tfs checkout

Bob does not recognize these deals, and tried to check with the broker. He'll
talk to TFS in the morning to verify these and I'll let you know ASAP.

Thanks,
Kate

Kerri Thompson@ENRON
11/30/2000 02:32 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: tfs checkout

missing 2 deals for bob:

buy el paso
cal 01
141.00
25 mw
pv
on peak

sell ees
cal 01
141.05
25 mw
pv
on peak

thanks


I would like to add Dec. 7 as a vacation day.  Please let me know if there
are any problems.  Thanks.  Sara


Desiree will schedule other appointments as well

Cynthia will attend in your place.


Hi Dale (& Vince),

I have now gathered everyone's views and the consensus is that we should hire
Sharad to work with me on front-office pricing and so we should proceed to
the offer stage.  As you can see his salary is o43,500 currently and he
appears to have a guaranteed bonus of o25,000 for next year.  He would join
for >o50,000 from my discussions with Alex Blair, the consultant.  He is very
interested in Enron, but is also talking to Morgan Stanley.  I discussed with
Vince, who recommended that Sharad should come in at the same level (rank) as
Kirstee Hewitt; I would also like to arrange for a direct reporting line to
me for Sharad.

Regards,

Anjam
x35383

P.S. Kate:  I have attached the agencies terms and conditions below:

---------------------- Forwarded by Anjam Ahmad/LON/ECT on 05/07/2000 16:21
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Alex Blair <Alex.Blair@alexmann.com>
05/07/2000 15:29

To: "'Anjam Ahmad'" <Anjam.Ahmad@enron.com>
cc:

Subject: Numbers

Anjam,
??????? as requested please find enclosed details on Sharad's numbers:
??????? Basic Salary : o40,000
??????? Car Allowance : o3,500
??????? (paid in Cash)
??????? Annual Bonus : o13,000 (this bonus was paid for ???????
99-00?? ??????? ??????? ??????? 8 mths work April-Dec)

Total o56,500

Sharad has been informed that his bonus payments for year 00-01 will be
floored at o25,000.? Sharad's expectations therefore are to receive a base
salary of between o57.5-o60K plus bonus.
I hope this is of use and ask that if you have any questions that you do not
hesitate to call.

Alex Blair
Senior Consultant
alex.blair@alexmann.com
Tel:0207 891 6671
Fax:0207 905 1313
Web: <http://www.alexmann.com>
"The Alexander Mann Group has a stated policy for the use of electronic
mail which is rigorously enforced throughout the Group. The contents of
this e mail should meet the requirements of the policy - if you would
like further details please forward this message to info@alexmann.com
<mailto:info@alexmann.com> or call 0207 242 9000.
The information contained in this electronic mail message is
confidential. It is intended solely for the use of the individual or
entity to whom it is addressed and others authorised to receive it. If
the reader of this message is not the intended recipient, you are hereby
notified that any use, copying, dissemination or disclosure of this
information is strictly prohibited."


Could you please find out what group Carlos works with and pass him some information?

Thanks,

Jim

 -----Original Message-----
From: 	Wheelock, Carlos
Sent:	Wednesday, October 03, 2001 8:36 AM
To:	Steffes, James D.
Subject:	Deregulation Dates

Hello Jim, I was wondering if you could help me in finding the current outlook in deregulation in the following states:

NC, SC, WI, MS, GA, TN

I don't need any elaborate research, as this is only for some estimates in current position values for origination purposes.  The month and year of estimated dereg will do.  Thanks in advance for your help.

Carlos Wheelock


Thanks very much for the update.  Scheduling a session at the NARUC summer
meetings sounds like a good idea.  Are there next steps you think we should
take to encourage this?

	Susan M Landwehr
	02/28/2001 10:27 PM

		 To: Sue Nord/NA/Enron@Enron, scott_bolton@enron.net
		 cc: Barbara A Hueter/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Allison Navin/Corp/Enron@ENRON, Stephen D
Burns/Corp/Enron@ENRON, Marchris Robinson/NA/Enron@Enron, Margo
Reyna/NA/Enron@Enron, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lara
Leibman/Enron Communications@Enron Communications, Carmen
Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathy Huang/AA/Corp/Enron@ENRON,
Jeff Dasovich/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
		 Subject: NARUC commissioners BIC meeting

Sue/Scott--as you know, Broadband Infastructure Coalition (BIC) met over
breakfast this morning in D.C. with Commisioner Joan Smith of Oregon and Alan
Thoms of Iowa, the chair and vice chair of the telecom committee.  Jim Prybil
of Level 3, Rick Wood of WIlliams, Michael Freedman of Global Crossing and I
were there on behalf of the coaliton.  The primary message that we delivered
was that there should not be any expansion of extortion by local
municiapalities for right of way access (that "just and reasonable costs"
were being interpreted very liberally by the league of cities and other folks
and that the true interpretation should be actual incurred costs) and that we
hoped NARUC and these commissioners could support our position and promote
positions that enhance our ability to expand infastructure without unfair
fees or costs.

Both Commissioners were sympathetic and supportive, but Ms. Smith in
particular indicated that the issue is generally outside of the their purview
and that the political realities of strongly wading into the issue would be
difficult for some COmmissioners on the committee (the city/muni/local
political clout either with the Administration that appoints the
commissioners or the electorate if commisioners are elected).  However, they
both suggested that the NARUC committee should consider having a session on
the issue, possibly at the summer NARUC meeting.  I spoke with Alan Thoms as
he left the breakfast, and he indicated that he thought a full day of
sessions covering this issue, poles and wires, as well as building access
would be very productive.  I expressed to him our interest in the building
access issue as well.

Rick Wood of Williams is going to take responsibility with the BIC for
interaction with this NARUC committee.  (I believe that Rick came from a
regulatory background at GTE).

I did not attend any of the NARUC telecom meetings, but I believe that Alison
was going to cover and will send out an update if there was anything of note
to report.

Paul--I copied you as a courtesy just so you knew that someone from Enron was
in front of one of your Oregon commissioners.


Start Date: 1/1/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010116.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.
!!!General SQL error.
Couldn't update; currently locked.
Table
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.
!!!A user transaction is already in progress.

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

  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 1/1/02
  TIE_POINT: PVERDE_5_NG-PLV
  INTERCHG_ID: EPMI_CISO_SW
  ENGY_TYPE: FIRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 1/1/02
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: ENRJ_CISO_8001
  ENGY_TYPE: FIRM

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

  TRANS_TYPE: FINAL
  LOAD_ID: SDG1
  MKT_TYPE: 2
  TRANS_DATE: 1/1/02
  SC_ID: ENRJ


Gentlemen:

Here are the revised documents in both clean and marked form.  I made the
requested change in the Term section.  That section defines a Early
Termination as any termination prior to the end of 3 contract years.  As such
no change was needed to the Buyer's Contract section.  Please call if you
need anything further.

        Thanks, Dan


Everything is going well.  Sorry I haven't gotten back to you, but I have
been really busy at work and with other things.  I will give a call when I
get a chance.

"Edward Nemec" <ednemec@earthlink.net> on 02/23/2000 10:08:08 PM
To: Gerald.nemec@enron.com
cc:
Subject: How's it going!

Hi Gerald,           How are things going. Fine I hope we are all O.K. I
called the other night and left a message just wanted to talk voice mail for
a  change.!!!!!!!! Have been busy working in the yard. Had to trim all the
shrubs and get rid of all the dead plants.    So what have you been doing.
Anything new going on with you. James started planting this week. He is
trying to get that moisture before it drys out.  We didn't get  any rain
today again.  Starting to look bad.  I'm keeping Jenna and Jake tomorrow.
Janice has a doctors appoitment. Nothing serous just a follow up. Got ashort
email from Paul yesterday he's doing o.k...........Well all for now Dad and
I send our love....Bye for now.

Love...MOM


Thanks so much for the message.  I am proud of myself for completing this
race.  I need to figure out how I am going to keep off the weight.  Love you
lots,
Ben


The average guy has no idea what is coming.   T&D costs are going to explode and so is wholesale power (increased O&M, security, employees, capital improvements, risk premium, etc.)

 -----Original Message-----
From: 	Herndon, Rogers
Sent:	Friday, September 14, 2001 9:42 AM
To:	Presto, Kevin M.
Subject:	UDC Rates

Kevin -

UDC rates are going to increase significantly as we discussed.  FERC just gave ute's a go ahead for the recovery of prudent expenditures on safety/infrastructure spending and anticipated a significant amount of it.

Amazing, we were just discussing this in am.

Rogers


---------------------- Forwarded by Nicholas O'Day/AP/Enron on 08/28/2000
12:48 PM ---------------------------

Nicholas O'Day
08/28/2000 12:28 PM
To: Steven J Kean/HOU/EES@EES
cc: Joseph P Hirl/AP/ENRON

Subject: Ken Lay meeting with Japanese Prime Minister

Steve,

Over the last month the Japanese regulators and Government have come to the
realization that the electricity deregulation initiatives implemented in
March of this year have not stimulated competition in the manner in which
they had expected. MITI and the Government are currently examining why the
initiatives implemented in March are falling short of expectations and
looking to move the 2003 review forward to next year. There are currently two
multi party committees looking at the energy sector. The ruling Liberal
Democratic Party also has one committee looking at energy. In addition, MITI
is in the process of forming a new advisory group comprising academics to
consider the next stage of deregulation.

As you are aware, we have been working the regulatory aspects through MITI
and the US Government for some time now with a degree of success - in fact,
the majority of our 12 month goals have been achieved. Recently, with the
addition of Kimura, we have increased our level of contact with senior
political figures in Japan.

Both MITI and the USG continue to seek Enron's views on issues relating to
the current deregulation process and the way Enron wants to see electricity
deregulation. We have recently addressed the parliamentary Deregulation
Committee which reports to the Prime Minister and regularly provide
educational presentations to MITI on issues relevant to deregulation.
Further, senior political figures are now recognizing that Enron can assist
in the deregulation process in a positive way.

What we appear to have in Japan in the electricity sector is a reasonably
clean slate and the opportunity to have a major say in how things should be
structured in the future.

Ken Lay's links with the Republican Presidential campaign has received media
attention in Japan and it is believed in Government circles here that he will
receive a cabinet position if Gov. Bush is elected. As a result, Mr Lay
currently carries a great deal of weight in senior Government circles in
Japan. In the period prior to the Presidential election, we have an ideal
opportunity to get our message across at the highest levels of the Japanese
Government through Mr Lay.

A meeting between Mr Lay and Prime Minister and other senior Government
members would significantly increase Enron's profile in Japan and assist in
conveying our vision for the next phase of deregulation.

If Mr Lay were to visit Japan, possibly in late October or early November, we
would also look at coordinating the Tokyo office opening with the visit and
arrange a number of high level commercial meetings. Prime Minister Mori and
the US Ambassador have already expressed an interest in attending the office
opening.

Both Joe Hirl and I would like to speak with you further about the above.
When would be a convenient time?

kind regards


Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:

Subject: Talk to Joe Sutton on eSpeak Today!

Log on to ethink.enron.com on Friday, November 19 at 9:30 a.m. (Houston time)
and talk to Joe Sutton on Enron's first eSpeak event!

What is eSpeak?

eSpeak is an interactive Q&A forum on the eThink intranet site where we will
be holding scheduled events with a variety of people on a variety of
subjects.  Joe Sutton is our first guest speaker.

For one hour, you have an opportunity to ask Joe how Enron can break down
communication barriers.  Share your ideas with him for innovative ways to
communicate and tell him how you want to receive information.  Also, what can
Joe personally do to encourage better communication across business units,
within teams and with your co-workers?

How to sign up for eSpeak

If you haven't already signed up on the eThink site, you will be required to
register before you can participate in an eSpeak event.  This may take a few
minutes, so register as early as you can.
? You will be asked to enter your email address and operating company.
? A "userid" and password will be automatically sent to your email address.
? Use the "userid" and password to log onto the site.  (An easy way to enter
the password into the required field is to copy and paste it from your email.)
? You will be immediately prompted to change your password once you are in
eThink.
? Each time you participate in eThink forums you will be asked to log on, so
keep your password simple!

We want to know what you eThink!

Your interaction and feedback will have an impact on the development of
eSpeak, so please send your comments, suggestions or ideas to
ethink@enron.com.

Join the eThink momentum and begin sharing today.
Log on to ethink.enron.com


Stephanie, I  believe that I will have a spot on 32 for right now so assume I
am ok.  Where are you moving to on the 8th.

BT


Start Date: 4/26/01; HourAhead hour: 20;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042620.txt

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

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM


Has this been completed and forwarded to confirms?
 -----Original Message-----
From: 	Sonnonstine, Max
Sent:	Thursday, October 11, 2001 1:48 PM
To:	Heard, Marie; Panus, Stephanie; Bailey, Susan; Boyd, Samantha
Subject:	Moriah Properties, Ltd. Omnibus

Enclosed is an omnibus worksheet for Moriah Properties, Ltd.  You will see that additional performance assurance has been issued by Moriah to cover all current and future trading up to 10/01/2002.  Please prepare the confirm and forward to the financial confirms group, with a copy to me.

Thanks,
Max


FYI.  Indicates that the CPUC is unlikely to order refunds, but also
tentative about recouping high costs from ratepayers.  Utilities are "upping
the ante" by filing in Federal Court and showing fiscal implications.

---------------------- Forwarded by Mona L Petrochko/NA/Enron on 11/13/2000
11:36 AM ---------------------------

Mary Hain@ECT
11/10/2000 06:00 PM
To: Tim Belden/HOU/ECT@ECT, Greg Wolfe@ECT, Mike Swerzbin/HOU/ECT@ECT,
Christopher F Calger/PDX/ECT@ECT, Dave Parquet, Richard Sanders,
mday@gmssr.com, gfergus@brobeck.com, Christian Yoder/HOU/ECT@ECT,
steve.c.hall@enron.com, Chris H Foster/HOU/ECT@ECT, Stewart
Rosman/HOU/ECT@ECT, John M Forney/HOU/ECT@ECT, Joe Hartsoe@Enron, Sarah
Novosel/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Steve
Kean, Richard Shapiro, James D Steffes/NA/Enron@Enron, Donna
Fulton/Corp/Enron@ENRON, Mona L Petrochko/NA/Enron@Enron, James E
Keller/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron,
Dennis Benevides, Jeff Richter/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim
Heizenrader/PDX/ECT@ECT, Chris Stokley/HOU/ECT@ECT, Murray P
O'Neil/HOU/ECT@ECT, David Aamodt@Gateway, Jay Dudley, Neil
Bresnan/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Kathryn
Corbally/Corp/Enron@ENRON
cc:

Subject: Fwd: DJ - Calif PUC Unlikely To Order Refunds From Pwr Generators

Please forward this to anyone I have forgotten.  Thanks.

DJ Calif PUC Unlikely To Order Refunds From Pwr Generators
Copyright , 2000 Dow Jones & Company, Inc.

(This article was originally published Thursday)

     LOS ANGELES (Dow Jones)--The California Public Utilities Commission
likely won't order generators to refund billions of dollars in windfall
profits from last summer's wholesale power price spikes to utilities and
customers, commissioners told Dow Jones Newswires Thursday.

     A Republican commissioner said the PUC knows generators are manipulating
the wholesale power market in California but the commission doesn't have the
"expertise in-house to figure out who it is and how it's being done."

     "Even if we could force refunds, it would take five to 10 years in court
to decide if generators should refund money," the commissioner said. "I don't
think the state is willing to spend the money or the time."

     In addition, the commission is nowhere near deciding whether Edison
International (EIX) unit Southern California Edison and PG&E Corp. (PCG) unit
Pacific Gas & Electric can pass on a combined $5 billion in debt to their
ratepayers, the commissioner said.

     A decision won't likely be made until mid-2001, the commissioner added.

     Only PUC President Loretta Lynch and Commissioner Carl Wood support
having generators refund windfall profits to utilities and ratepayers. The
commission's investigation, one of two ongoing probes into the state's
troubled wholesale power market, has been unsuccessful in finding evidence
that would force generators to refund billions of dollars, according to
documents obtained Thursday by Dow Jones Newswires.

     Last week, federal regulators determined generators didn't manipulate
the market. But they did find flaws in the state's market structure and said
rates were "unjust and unreasonable."

     The state's Independent System Operator and Power Exchange have also
concluded they have no evidence to prove generators manipulated the market in
order to drive up wholesale power prices.

     The commissioner said the PUC doesn't support the utilities' efforts to
pass on $5 billion in wholesale power costs to ratepayers.

     The commissioner said "if it came down to deciding tomorrow, the
utilities would be left holding the bag."

     PG&E and SoCal Edison pay about 16 cents a kilowatt-hour for wholesale
power. But the utilities charge their customers far less under a
state-mandated rate freeze.

     As reported earlier Thursday, SoCal Edison President and Chief Executive
Officer Stephen Frank said the utility's inability to immediately recover
more than $2 billion in debt from its ratepayers may force the company to lay
off employees and reduce major capital spending.

     PG&E filed a lawsuit in federal court Wednesday asking a judge to allow
the utility to pass on $3 billion in debt to its customers.

     -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
mailto:jason.leopold@dowjones.com
     (END) Dow Jones Newswires 10-11-00


Darren:
I think Marta is referring to the supply deal 391119 on 9/6 for 10,545.  We
do not have a price of GD + $0.04.  We have IF + $0.04.  Please check this
price.  Also, they seem to be missing the overdelivery calculation in their
spreadsheet.  Attached is the September 2000 spreadsheet.

Megan

Daren J Farmer@ECT
01/10/2001 10:58 AM
To: Megan Parker/Corp/Enron@ENRON
cc:

Subject: Intraday Eastrans Nominations change for 9/6/00 and Nomination for
9/7/00

Megan,

Please see the message below.  The pricing on deal 391125 was incorrect;
should be HSC GD-.04.  I corrected the deal ticket.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/10/2001
10:57 AM ---------------------------

mkhenderson@duke-energy.com on 01/10/2001 10:42:30 AM
To: dfarmer@enron.com
cc:
Subject: Intraday Eastrans Nominations change for 9/6/00 and Nomination for
9/7/00

Please pass the following information to Meagan Parker.  Her pricing isn't
matching.
---------------------- Forwarded by Marta K Henderson/Houston/PEFS/PEC on
01/10/2001 10:41 AM ---------------------------

Marta K Henderson
09/06/2000 03:39 PM

To:   dfarmer@enron.com, John A. Bretz/GCS/CEC/PEC@PEC
cc:   John A. Bretz/GCS/CEC/PEC@PEC, Donna J Dobb/Houston/PEFS/PEC@PEC,
      Sharon Beemer/FtWorth/PEFS/PEC@PEC

Subject:  Intraday Eastrans Nominations change for 9/6/00 and Nomination
      for 9/7/00

As follow-up documentation for the Intraday sale on 9/6/00, the following
states the pricing for the redeliveries:

8500 MMBTU from Fuels Cotton Valley priced per Paragraph 1a of the Contract
Price (per MMBTU) section in the Transaction Agreement.
10955 MMBTU at ETGS Carthage Hub Tailgate priced per Paragraph 1c of the
Contract Price (per MMBTU) section in the Transaction Agreement
10545 MMBTU at CIPCO/Mobile Beaumont  which is priced differently than
Paragraph 1b of the Contract Price (per MMBTU) section in the Transaction
Agreement.  The price for 10545 MMBTU for 9/6/00 will be HSC Daily plus
$.04/MMBTU.

Please confirm the above by replying to this E-Mail message.
---------------------- Forwarded by Marta K Henderson/Houston/PEFS/PEC on
09/06/2000 01:07 PM ---------------------------

Marta K Henderson
09/06/2000 09:58 AM

To:   Darrel F. Bane/EastTexas/PEFS/PEC@PEC, John A. Bretz/GCS/CEC/PEC@PEC,
      Chad W. Cass/GCS/CEC/PEC@PEC, Michael R.
      Cherry/EastTexas/PEFS/PEC@PEC, Bruce McMills/FtWorth/PEFS/PEC@PEC,
      William E. Speckels/GCS/CEC/PEC@PEC, Donna C.
      Spencer/GCS/CEC/PEC@PEC, Julia A. Urbanek/GCS/CEC/PEC@PEC, Dora J.
      Levy/GCS/CEC/PEC@PEC, briley@enron.com, dfarmer@enron.com,
      carlos.j.rodriguez@enron.com, Sharon Beemer/FtWorth/PEFS/PEC@PEC,
      Connie Wester/EastTexas/PEFS/PEC@PEC
cc:

Subject:  Intraday Eastrans Nominations change for 9/6/00 and Nomination
      for 9/7/00

Deliveries continue to be 30,000 MMBtu/dy

The redeliveries will be:

8500 from Fuels Cotton Valley
10955 to HPL's Cartwheel Agreement at Carthage
10545 at Mobil Beaumont

Effective for 9/7/00, deliveries to Eastrans continue to be 30,000 MMBtu/dy

The redeliveries will be:

8500 from Fuels Cotton Valley
21500 to HPL's Cartwheel Agreement at Carthage


Start Date: 1/14/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011408.txt


Miss Meagan Worthing Beck. Meghan's escort is Michael Austin Lyons.
Meagan's parents are Sally & David Beck. Meagan is being presented by her  father, David Beck.
Meagan & her mother, Sally, have participated in NCL for 6 years.  Meagan's offices include Vice President of Activities and she has received the  Perfect Attendance Award.
Northwest Assistance Ministries was Meagan's favorite philanthropy. In  particular, she will remember helping distribute food to victims after Tropical  Storm Allison and experiencing the immediate difference it made to the  recipients. NCL has allowed her to become friends with many different girls,  whose friendships she will value forever.
As a student at Klein High, Meagan was a member of the Bearkadettes Drill  Team and Spanish Honor Society. She also is a member of Sugar Plum Cotillion.  Her college plans will include either the University of Texas, SMU or the  University of Oklahoma. She plans to major in Advertising.
Ladies & Gentlemen: Miss Meagan Worthing Beck


Chris Germany:
The Performance Assessment System (PAS) indicates that you have not submitted your self assessment yet.
In order to complete your self assessment, please log onto the PAS system via https://hrglobal.enron.com .  In the My Reviews section, click Edit Self Assessment and submit your self assessment.
This message has been sent by an automated system.  If you feel you have received this message in error, please contact the HRGIM Help Desk at hrgim@enron.com.


----- Original Message -----
From: "Frank Marsters" <marstersco@earthlink.net>
To: "Mathews, Russ" <revmathews@aol.com>; "Marsters, Lindsay"
<lindsaym@earthlink.net>; "Marsters, Linda" <lmarsters@fortbend.k12.tx.us>;
"Marsters, James" <jimmycheer@yahoo.com>; "Marsters, Christine"
<wxranch@airmail.net>; "King, Cathy" <kingc@snbtx.com>; "Harris, Mary S."
<mharris-hudson@WCITX.COM>; "Gilman, Mike" <shargilman@juno.com>; "Ferguson,
Mike" <mfe252@airmail.net>; "Day, Pam" <pkjday@yahoo.com>; "Bass, Larry"
<lwbthemarine@bigplanet.com>; "Adams, George" <geoins@flash.net>
Sent: Wednesday, November 15, 2000 9:58 AM
Subject: Fw: Second batch of petitions sent.

>
> ----- Original Message -----
> From: Election Integrity 2000 <info@electionintegrity2000.com>
> To: <marstersco@earthlink.net>
> Sent: Tuesday, November 14, 2000 3:25 AM
> Subject: Second batch of petitions sent.
>
>
> > Dear Frank,
> >
> > Thank you for signing your petition to Clay Roberts, Director
> > of Florida's Division of Elections.
> >
> > In just a little over 24 hours we collected 20,752 more
> > petitions and they are on their way to Mr. Roberts!
> >
> > That raises the total number of petitions sent so far to
> > 46,595 -- and we are going to keep collecting petitions
> > until George W. Bush is officially certified as
> > President-elect and until Al Gore concedes.
> >
> > With every day that passes without a certified Bush victory,
> > Al Gore's chances of stealing this election increase.
> >
> > So PLEASE, either forward this e-mail, or tell your friends
> > directly to visit
> > http://www.electionintegrity2000.com/ right now.
> >
> > Remember, the validity of the Presidential election is at
> > stake.  You and I CAN'T sit by and do nothing while every
> > liberal lawyer, journalist and activist in America swarms
> > into Florida to nullify the votes of millions of Americans.
> >
> >
> > For Election Integrity,
> >
> > Bill Griffiths
> >
> > =============================================================
> > If you would like to unsubscribe from Election Integrity 2000
> > e-mail updates or change your e-mail address, please visit
> > our web site at:
> >
> > http://www.electionintegrity2000.com/home/up.cfm?L=FM150886&P=9C58Y2
> >
> > AOL Users:
> >
HREF="http://www.electionintegrity2000.com/home/up.cfm?L=FM150886&P=9C58Y2">
> Unsubscribe or Change E-mail
> > ============================================================
> >
>


Attached is a FERC Order Providing Guidance On Continued Processing of RTO Filings, issued today.

 - RM01-12.00C.doc


Mike,

Jason Peters, who was a lawyer seconded with us from Andrews & Kurth, has now
gone back to A&K, but is still doing some work for us.  Is there some way for
us to get him access to the Financial Trading Agreement database?  He is a
lawyer, and is bound by client confidentiality with respect to all the
information in the database, so I don't think we need to worry about granting
him security access.  Can we get him access?
----- Forwarded by Tana Jones/HOU/ECT on 09/18/2000 04:34 PM -----

	Sara Shackleton
	09/18/2000 04:27 PM

		 To: Tana Jones/HOU/ECT@ECT, jpeters@andrews-kurth.com
		 cc:
		 Subject: Lotus Notes access

Tana:  Can Jason gain access to the database for the purpose of
entering/reviewing comments?  Sara


I'm here now if you want to give me a call.  713-345-7229.


----- Forwarded by Richard B Sanders/HOU/ECT on 01/09/2001 09:48 AM -----

	Bonnie White@ENRON
	01/05/2001 10:14 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Faye B. Anderson, et al. vs. EGLI (ENA)

----- Forwarded by Bonnie White/Corp/Enron on 01/05/2001 10:13 AM -----

	Rob Cole@ECT
	01/05/2001 09:17 AM

		 To: Bonnie White/Corp/Enron@ENRON
		 cc: Rob.Cole@enron.com, Tracy Carter/Corp/Enron@Enron, Eileen
Kisluk/Corp/Enron@Enron
		 Subject: Faye B. Anderson, et al. vs. EGLI (ENA)

This will acknowledge receipt of the above.  This will be handled as an
insurance-related matter, subject to any objections by our reinsurer, to
which we would not anticipate.  The allegations give rise to a "products"
claim, and as such, pollution related exclusionary language would not be
applicable.  Thus, we will defend the entire lawsuit, and indemnify with the
exception of any settlement/award for damages associated with the count of
"FRAUDULENT CONCEALMENT" as such constitutes "intentional" conduct as opposed
to an "accident".  I trust you will advise the operating company accordingly.

Eileen, please advise as to who you suggest we retain in this matter.
Perhaps other firms have been retained by the other defendants to which we
could share in a cost-sharing agreement.  Additionally, it is critical for us
to determine our involvement and any sale dates of product given that the
lawsuit is silent as to the time period involved here. The involved time
period will have an impact on how claim payments will be allocated.

Thanks,

Rob


The new code effective 12/16 is 6648482
thanks


http://www.consultrci.com

************************************************************************
Editor's Note:

Dear IssueAlert Subscriber,

Now you can get SCIENTECH's exciting, new electric industry e-zine, SourceBook
Weekly. We are pleased to bring you six to seven articles per week written
by our industry experts.

Anyone can push news.  We analyze it for you. We bring you the latest
technological
as well as international and regulatory developments in the electric industry.
Then we tell you how these developments will affect you today and in the
months to come.

Visit http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
and download a free sample of SourceBook Weekly.

All registrants who subscribe to SourceBook Weekly before December 31 will
receive a $70 discount off the list price of $495.

Sincerely,

Bob Bellemare
Vice-President
Utility Services
************************************************************************

===============================================================
SCIENTECH IssueAlert, December 4, 2000
AES Expands Into South American Hotbed Columbia
By: Susan Kellogg, Issues Analyst
===============================================================

AES Corporation announced further international expansion through its
acquisition
of KMR Power Corporation ("KMR"), a privately owned electric power plant
developer and operator in Colombia, South America. KMR has controlling
interest in three natural gas-fired power plants having a total capacity
of approximately 600 MW.  AES will be acquiring two of the three natural
gas-fired power plants located in Cartagena  through a 100% interest in
the 314 MW TermoCandelaria power plant and a 62% interest in the 90 MW
Mamonal plant.

ANALYSIS: AES continues its "non-strategy" of acquisitions in the purchase
of KMR. In a recent interview with Dennis Bakke, AES CEO, I asked him several
times about AES "strategic plans," to which he answered, "We don't have
(one)."  Ideas often flow from the bottom up in the mega-power company
due to its decentralized structure.  Decisions are made in response to
a unique company mission which is "to serve the world and steward its
resources,
making clean, safe, reliable electricity available."

So why venture into Colombia, a hotbed of political and social upheaval
with an uncertain business environment? A risky business by many energy
companies' standards.  But AES has created a dramatic international network
guided not essentially by the almighty dollar, according to Bakke. "We'll
go anywhere we are needed, or wanted, and can live our values and principles."

So, given its unique company policies and experience in South and Central
America, KMR is a prime target. AES is perhaps the most suited to successfully
penetrate the dictatorial climate of Colombia and spark a change as they
do what they do best * buy, command and redirect electric service from
that monopoly into a clean, reliable and democratically supported power
service.

AES has made headlines throughout the year 2000 with its continuing list
of acquisitions and development in countries including Chile, Bolivia,
Argentina, Dominican Republic, El Salvador, England, Tanzania, Venezuela,
Puerto Rico, Brazil, Bulgaria, Republic of Georgia, and most recently,
Oman.

The acquisition of the Venezuelan utility C.A. La Electricidad de Caracas
(EDC) captured the headlines for several months earlier this year. AES
was involved in what was billed as a "hostile takeover," in a process that
intrigued the energy community.

AES purchased approximately 35,529,500 American Depository Shares (ADSs)
- including ADS's subject to guaranteed deliveries, representing approximately
49% of the outstanding shares. Dennis W. Bakke commended the Comision Nacional
de Valores, the Venezuelan Securities and Exchange Commission, on its final
action to allow AES to extend its offer after several stressful attempts
to close the deal.  But Bakke said the action would send a strong positive
signal for foreign investment in Venezuela.

"We were hoping to serve that country and we thought we could do a lot
better job than was being done by EDC. We didn't give a second thought
about controversy. We knew this was the right thing to do."

Bakke maintains that Venezuela has been run by a handful of very wealthy
and powerful families for many years. AES has the clout, the money and
the mission to go in, shake things up and, in line with AES' goals,  "to
create a stronger economy, a more competitive society." The strategy in
Colombia appears to continue that focus in South America.

"We've made a lot of changes (in the company) and it's not only going to
change Venezuela, but I think it will make a big difference in the neighboring
states as well."

Bakke is irrepressibly enthusiastic about the AES mission, although admitting
that maintaining its lofty principles is a challenge.

"(Our position and principles) seem to always be under attack," said Bakke.
"I know of no other corporation in the world of any significance that sees
its role in the world the way we do. But, our purpose has grown over the
years and actually deepened as we've expanded further and further into
the world."

AES has had another winning year. A world leader in generation, its value
has doubled in the past year,  Generating assets include one hundred and
twenty-five facilities totaling over 44,000 MW of capacity world wide.

Can it continue balancing the tightrope of economic growth and philanthropic
philosophy? So far, AES seems to have been "touched by an angel" in its
endeavors into areas where "others fear to tread."

For the complete interview with Dennis Bakke, see current PowerHitters
feature: http://www.consultrci.com/web/infostore.nsf/Products/PowerHitter

************************************************************************
SourceBook Weekly December 4, 2000 Issue:
http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html

************************************************************************
MISO: What Is the Future of the Midwestern Transmission Grid?
By Susan Kellogg

The Midwest Independent Transmission System Operator (MISO) has been in
a state of flux as of late, as its expansion efforts have taken some dramatic
turns with major players announcing to withdraw from membership.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
FERC Under Fire:
California IOUs Respond to Proposed Order with Sharp Criticism
By Stephanie Hainsfurther

The Federal Energy Regulatory Commission's (FERC's) concession that the
market rules and structure for wholesale of electricity in California are
"flawed" resulted in a 77-page proposal early in November to repair the
situation. The reaction from California's three investor-owned utilities
(IOUs) was immediate and overwhelmingly critical.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Essential.com Partners with Shell:
Alliance May Provide Edge Over Utility.com
By Stephanie Hainsfurther

In a small step forward for its Internet energy services, Essential.com
has partnered up with Shell Energy to offer a lower-cost natural-gas choice
to customers of Atlanta Gas Light. It appears that both companies will
benefit immensely from the partnership, but in very different ways.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Allegheny Energy:
Forging Ahead in Generation Deal with Enron
By Rosalie Rayburn

Allegheny Energy's recently announced purchase of three gas-fired merchant
plants from Enron North America reaffirms its strategy of expanding its
geographic footprint and strengthening its unregulated generation capability.
From Enron's point of view, the sale confirms its stated policy of pursuing
"contractual" rather than "physical" assets.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Energy Privatization in Mexico:
The Future Rests in the Hands of a New Administration By Susan Kellogg

Energy privatization and the future of electric supply and demand are issues
to be dealt with by Mexico's new president, Vicente Fox, as took over the
helm of the country on Dec. 1.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************
Williams Communications Continues Spin-Off Trend
By Will McNamara

Williams is planning a spin-off of its Williams Communications (NYSE: WCG)
subsidiary, which should take effect the first part of next year.

http://www.consultrci.com/web/rciweb.nsf/Web+Pages/SBEntrance.html
************************************************************************

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Louise,

The following are the differences in NPV at 13% for the Vitro project under the three different scenarios you laid out.

1.  If we keep the plant,

Project NPV@13% :  US$ 24.0 MM

Equity Investments to Project:  US$ 52.8 MM

2.  If we sell to Enel's based on their offer as it was delivered to us on March 2 of this year

Project NPV@13% :  US$ 16.2 MM

Equity Investments to Project:  US$ 10.5 MM   (under this scenario we would fund 100% of the equity required for the project through COD but after giving 						    effect to the cash received up front by Enel, we would only be funding 20% of the equity required from Enron 						    which is equal to the US$ 10.5MM)

3.  If sell to Enel under the restructured proposal to achieve our deconsolidation and earnings objectives,

Project NPV@13% :  US$ 16.8 MM

Equity Investments to Project:  US$ 10.5 MM   (under this scenario we would fund 50% of the equity required for the project through COD but after giving effect 						     to the cash received up front by Enel, we would only be funding 20% of the equity required from Enron which is 						     equal to the US$ 10.5MM)

Let me know if you have any questions or if you would like to see more details on the three different scenarios.

Thanks,

Steve


Sorry,

He has told me that at least 10 times.

Pete


P.S. http://enaresearch.dev.corp.enron.com
---------------------- Forwarded by Mike A Roberts/HOU/ECT on 01/09/2001
01:11 PM ---------------------------

	From:  Mike A Roberts                           01/09/2001 01:13 PM

To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES, Maureen
Raymond/HOU/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT,
Jose Marquez/Corp/Enron@ENRON, Stephen Bennett/NA/Enron@ENRON, William
Smith/Corp/Enron@ENRON, Elena Chilkina/Corp/Enron@Enron, Steve
Bigalow/NA/Enron@Enron
cc:
Subject:

 Everybody,

As Vince suggested, I made a topical allocation of our new website for
quality control.  Can you please check out in detail, and put through the
paces, the following list?

Weather   Mike

Links    Maureen

Technical Analysis  Steve Bigalow

Options Library   Zimin (this is a big one!!)

European Weather  Jose

Agricaltural Weather  Jose (be sure and run spell check!!!)

Weather Derivatives  Stephen

Presentations   Tanya

Nuclear Outage Updates  Sam

FX and Sovergn Risk  Maureen

Industry Analysis   Vasant

Publications   Osman

Research Intelligence  Stinson

Hot Button #8   Vince

Thanks, just email me with any problems or ideas for adds/changes

- - - Mike


-----Original Message-----
From: Roberts, Mike A.
Sent: Monday, December 10, 2001 6:34 AM
To: Kaminski, Vince J
Subject: FW: Recent History

FYI

-----Original Message-----
From: William Smith [mailto:freetexas@msn.com]
Sent: Monday, December 10, 2001 6:30 AM
To: Stevens, Adam; Marquez, Jose; Bennett, Stephen; Roberts, Mike A.;
Moore, Kevin G.
Cc: cgp1@cornell.edu
Subject: Recent History

Gentlemen,

I woke up early as usual and wanted to help you, but the management had
other plans.....

In the emotion of the moment last Friday, I was too choked up to say much,
so let me try to make some amends this morning.  Of course, I hope to get
together with you guys some day soon, but until then I'd like to say a
couple of things.

The Weather Team was one of the best, most competent groups within Enron.
It compared nationally with "major-league" meteorology, both public and
private.  To break this team up is a serious offense to science.  I was
proud to be a part of it, learning and growing personally and
professionally.

I don't see how any job I find from here on out will compare to it.  The
Research Group in general was the finest collection of minds and talent I've
ever seen.  Vince chose them very carefully.  I just sort of wormed my way
in, but I was practicing hard while sitting on the bench waiting for my
chance to prove something.

And, perhaps more importantly, I have gained new friends. If there's
anything you guys need, let me know.

Mike, as the rest of you know, has an amazing talent for bringing out the
best in people.  As he told me Friday, I have indeed grown in the past two
years.  The credit for much of it goes to Mike, who lives the philosophy
that we called Enron.  Pity that some of the executives didn't.

I could ramble on for a while about this, but I won't bore you with it.  I
just wanted to say that y'all are the best!  I'd appreciate an occasional
e-mail if you hear some interesting company news.  Of course, I want to
immediately know what happens to each of you.

Kevin, you need to get that home e-mail going buddy!

I'll keep you posted on my job hunt if I turn up anything.

You'll hear from me again! :-)

Sam

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


Kevin,
Sorry to be a pest about this but my wife is being insistent that we are off base on the sizes.
My adopted child is 4 years old and she is listing sizes of 7 shirt/8 pants and 12 shoes.
My wife says that she buys clothes for our nieces:  one of which is six years old and wears
a size 7 and shoe size 2.
Our adopted child is two years younger and asking for the same size in clothes and asking for shoe size 12?

I don't want to be a pest but my wife is concerned on the sizes and we don't want to goof up when we give the clothes to Rocio.
Is there a way to see what other 4 year olds are asking for in sizes?

Jesse Morris
EBS Transaction Support
Phone:  713-345-4650
Cell:      713-408-6489
Fax:      713-646-5737
Email:    jesse_morris@enron.net


more detail to follow

thanks

bob


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/20/2001
12:11 PM ---------------------------

	From:  Phillip K Allen                           02/15/2001 01:13 PM

To: stagecoachmama@hotmail.com
cc:
Subject:

Lucy,

Thanks for clearing up the 2/2 file.  Moving on to 2/9, here are some
questions:

#1 It looks like he just missed 1/26&2/9 of $110.  I can't tell if he still
owes $47 on his deposit.

#13 I show she missed rent on 1/26 and still owes $140.

#15 Try and follow up with Tomas about the $95.  Hopefully, he won't have a
bad reaction.

#20b Missed rent?

#26  Has she paid any deposit or rent?

#27 Missed rent?


There will be a Quarterly Legal Review (QLR) for the Financial Trading group
with Mark Haedicke on Wednesday, June 6, 2001, from 3:00 to 5:00 p.m. in
EB38C2.  Please plan to attend.  Thank you.

Janette Elbertson
Enron Wholesale Services
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


Attached is the VNG daily setup for October 1st and 2nd. Please call if you
have any questions.

Bob Superty 713-853-0957


make sure to deduct $20 from the check b/c you got second place in the pts
pool this week.

From:  Harry Bucalo
  09/13/2000 02:08 PM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Re: Pick-Ups

Eric:

Please drop Joey Gallaway and Torrance Small and replace them with James
Mcknight and Thrash.

I should have your money to you by Friday.

Thanks

Harry B.


Mark,

I left you a message regarding The National Forum on Corporate Finance
at  Rice.

They would be delighted if you could serve as a panel  member
at this conference.

Here are the coordinates of the professor at Rice who
is in charge. I would appreciate if you could call him
and let him know if you can attend.

Thanks.

Vince

Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385