May I please have your comments if any on this draft by close of business Wednesday.  We hope to have agreed on the Q&A's by then and to send it out the announcement on Thursday.

John

To be sent to:  All Enron Europe, all employees in Japan,  all Global Markets and all VPs and up around the company

Enron has established several wholesale businesses in Japan in the last year including Metals,  Power Plant Development (via our investment in EnCom),  Coal,  LNG & Weather.   Though Japan continues to make progress towards a liberalized electricity market, significant barriers to power trading remain under the current interim market structure.  Until further tangible steps are taken to improve third party access for electricity in Japan, we will suspend our power marketing efforts and focus on the significant opportunities that currently exist in our other wholesale businesses.   Once the necessary regulatory changes have been completed we expect to aggressively pursue Enron's traditional position as the leading buyer and seller of electricity in every deregulated market.

Based on these changes Joe Hirl our President of Enron Japan will move to the Global Markets group and lead a team that will focus on developing all our Global Markets opportunities in Japan especially Weather,  Oil,  LNG,  Coal, and Shipping.    We expect to continue our general recruiting  of Japanese nationals and as President of Enron Japan,  Joe will continue to provide the overall business leadership to both recruiting and the Analyst and Associate program in Japan.  The Finance origination team headed by Jeremy Thirsk will continue to report to Joe and also move to Global Markets.  Our power trading group led by Morton Erik Pettersen will transition into other roles around Enron.  The Equity/FX/Interest rate team which is a part of Global Markets has two employees in the Tokyo office today and they expect to expand their efforts throughout the year.

The EnCom group, which is our power plant development business (with minority partners) and headed by Carey Sloan will continue its efforts in developing power plants in Japan.  We are pleased with the progress we are making on a number of sites and EnCom will continue to report to the Enron Europe Office of the Chairman.

Our Metals team headed by Kazunari Sugimoto will continue to report through Enron Metals in London.

By May we expect Enron Credit to have two to three employees in Tokyo pursing the Credit Derivative business.  These employees remain in  Enron Credit , a part of Enron Europe.

EBS has two employees headed by Jim Weisser and this team expects to expand  by year end.

The Industrial Markets team also expects to have two employees in the Tokyo office in the next couple of months.

In the last seven months the commercial support services for Japan have been transitioned to London for support and this is not changing.  Jane McBride heads the legal team and will continue to functionally report  to Mark Evans, General Counsel in London.   The RAC function will continue to report to Ted Murphy, head of RAC for Enron Europe.   The Risk Management and Accounting team is headed by Jan-Erland Bekeng will continue to functionally report to Fernley Dyson in London.  The  IT, HR,  Tax and real estate teams will also continue to functionally report to London.

Nick O'Day who heads both the Public Affairs group (Government & Regulatory Affairs and the Public Relations) in Japan will report to the Enron Europe Office of the Chair with a Public Relations functional reporting to Jackie Genle in London and a Government Affairs functional reporting to Rick Shappiro in Houston.   We anticipate that his team's efforts will be primarily directed to supporting the EnCom power plant development team but he will also continue to provide support for Global Markets, EBS & Industrial Markets.

We have already made considerable progress in breaking into the Japanese markets across a wide range of Enron businesses and we anticipate that this will be a major profit center for profit growth for years to come. Through these current changes we can demonstrate our ability to be flexible and target our resources where they will realise the most immediate value for the company.


If you feel like your money
constantly disappears down the drain...

Join EFCU for our
"Managing Your Cash Flow" Brown Bag Workshop.

Dean Kanaly of the Foundation for Financial Literacy
will give tips on making your money grow and last.

Wednesday, September 12, 2001
11:30 - 12:30
Doubletree Allen Center, La Salle B Room

RSVP to joy.wagman@enron.com
Limited spaces are available.


Last Thursday, I made the first attached presentation to the FERC Staff at
the power marketer's meeting on the FERC's investigation of the wholesale
market in the West (and in particular California).  Ellen Wolf (of Tabors
Caramanis) and I created this presentation building on previous presentations
by Tim Belden and Dave Parquet.  In the presentation and the meeting we made
the following points:
There isn't much FERC can do because the cause of the price spikes is not in
the wholesale market.  We discouraged FERC from taking any action that would
hurt the vibrant wholesale market in the California and the rest of the West
as well.
High prices logically resulted from scarcity and if the Commission does
anything it should (1) investigate whether market power was being exercised
by any party and, (2) if necessary to protect the market (while still
incenting needed generation) establish a price cap at a scarcity rent level
equal to the price at which loads were willing to interrupt.
The IOUs have not properly prepared for the risk of high prices caused by
scarcity.  They have failed to hedge and have underscheduled their load,
therefore having to fill a large percentage of their load at ISO real time
prices.  My analogy was that this was like day trading your retirement fund
as an asset allocation scheme.
The market would function better if more information was provided to the
market.
The Commission should do whatever it can to incent participation by load.
To see the presentation, detach, save, and view in Powerpoint.  When you do,
you will find there are many "hidden" slides that were not part of the oral
presentation but were provided to Staff in hard copy for additional
information.

According to the head of the investigation (Scott Miller), the staff got alot
more out of this meeting than Staff's previous meetings with the IOUs and the
generators.  Based on the numerous phone calls I've been getting, the Staff
is looking into the data we provided.

I have also attached a revised version of the presentation that Tim sent to
Scott Miller on Friday.  Tim's version conveys the same message but takes a
different approach to conveying the message.  On Friday, Tim talked to Scott
and answered some additional questions.  Tim said that Enron is in favor of
eliminating the mandatory PX buying requirement and would like the IOUs to be
able to buy from Enron Online.  He also explained more fully the existence of
scarcity .


** Proprietary **

--------- Inline attachment follows ---------

From:  <TDELELLI@westerngas.com>
To: Mimi Ramer <Mimi.Ramer@allegro-coffee.com>, sbush@enserco.com, Pam Rogers <rogers@iqcisp.com>, Kristy Olson <KristyO@NEXUSCORP.com>, jchris@qadas.com, Barbara Duncan <Bduncan.MKTPO.D1DOMAIN@westerngas.com>, Cynthia Brewer <Cbrewer.MKTPO.D1DOMAIN@westerngas.com>, Jennifer Buffington <JBUFFING.MKTPO.D1DOMAIN@westerngas.com>
Date: Wednesday, October 10, 2001 2:15:01 GMT
Subject:

** Proprietary **

--------- Inline attachment follows ---------

From:  <lorrainecen21@hotmail.com>
To: grebenc@webtv.com, greenisthecolour_777@yahoo.com, helen.husiak@gwl.com, jennalazo@hotmail.com, jimineycricket21@hotmail.com, Katie.Oakman@lmco.com, KBRADSHAWC21@aol.com, Margaritaville@hotmail.com, Martina_Balfour@stream.com, mgrebenc@ci.thornton.co.us, salcome@juno.com, TDELELLI@westerngas.com
Date: Tuesday, October 9, 2001 11:13:17 GMT
Subject:

>From: Martina_Balfour@Stream.com
>To: Keavsa_Wilson@Stream.com, neadmcdermott@hotmail.com,
>lorrainecen21@hotmail.com, elvismurphy@hotmail.com,
>Bernadette_Mccloskey@Stream.com, Tracy_Devine@stream.com,
>balourcolin@hotmail.com
>Subject: Fwd: FW: Your Personality?
>Date: Tue, 9 Oct 2001 10:19:56 +0100
>
>
>---------------------- Forwarded by Martina Balfour/Derry/Stream on
>09/10/2001 10:18 ---------------------------
>
>
>"claire lindsay" <mclaire_ly@hotmail.com> on 08/10/2001 23:23:55
>
>To:   jellyjoe@hotmail.com, bradleymandy@hotmail.com,
>       fullertonsm@hotmail.com, BronaghC@go.com
>cc:   jkennedy2000@hotmail.com, sarah_kelly@stream.com,
>       martina_balfour@stream.com, irina_murray@stream.com
>Fax to:
>Subject:  Fwd: FW: Your Personality?
>
>
>
>
> >From: "Jemma Kennedy" <jem_kennedy@hotmail.com>
> >To: c.p.g.cosgrove@dundee.ac.uk, eilidhgalbraith@hotmail.com,
> >9806028h@student.gla.ac.uk, TMS106@yahoo.com, ste_twist@hotmail.com,
> >mwatson20@hotmail.com, brenknoef@hotmail.com, tara_jain@hotmail.com,
> >mclaire_ly@hotmail.com, mooreo@tcd.ie, edward_mccay@hotmail.com,
> >d.j.f.hunter@durham.ac.uk, jenf_01@hotmail.com
> >Subject: Fwd: FW: Your Personality?
> >Date: Sat, 29 Sep 2001 15:10:16 +0100
> >
>
>
>_________________________________________________________________
>Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp
>
>
>
>
>
>
>
>
> >From: "neil cummings"
> >To: broome_office@arrowpearl.com.au, deborah_duffy@hotmail.com,
>dive@ihug.co.nz, JASONFRAZER@email.msn.com, jem_kennedy@hotmail.com,
>lucierobichaud@hotmail.com
> >Subject: Fwd: FW: Your Personality?
> >Date: Wed, 12 Sep 2001 17:49:33 +0000
> >
> >
> >
> >
> >>From: "Fiona McPherson"
> >>To: Alan.Reid@ntu.edu.au, arsummerfield@bigpond.com,
> >>cammcpherson@hotmail.com, graisch@hotmail.com, enceeoz@hotmail.com,
> >>retroresin@hotmail.com, dlperkett@bigpond.com,
> >>madeleinesuzette@bigpond.com, paulamallon@hotmail.com,
> >>omealltm@ozemail.com.au
> >>Subject: Fwd: FW: Your Personality?
> >>Date: Mon, 10 Sep 2001 20:38:26 +1000
> >>
>----- Message from "Fiona McPherson" <fionamac33@hotmail.com> on Mon, 10
>Sep 2001 20:38:26 +1000 -----
>
>       To: Alan.Reid@ntu.edu.au, arsummerfield@bigpond.com,
>cammcpherson@hotmail.com,
>           graisch@hotmail.com, enceeoz@hotmail.com,
>retroresin@hotmail.com,
>           dlperkett@bigpond.com, madeleinesuzette@bigpond.com,
>paulamallon@hotmail.com,
>           omealltm@ozemail.com.au
>
>  Subject: Fwd: FW: Your Personality?
>
>
>
>
>
>
> >From: "McCarthy, Grant"
> >Subject: FW: Your Personality?
> >Date: Mon, 10 Sep 2001 08:28:58 +1000
> >
> >
> > > > It's an old one ~ however it's something to think about for a monday
> > > morning
> > > >
> > > > The Dalai Lama said read it to see if it works for you and I will
> > > > tell you
> > > >
> > > >
> > > > PERSONALITY TEST
> > > >
> > > > Very interesting. Just 4 questions and the answers will surprise
> > > > you....
> > > >
> > > >
> > > > Do not cheat by looking up the answers. The mind is like a parachute
> > > > it works best when it is opened.
> > > >
> > > > This is fun to do, but you have to follow the instructions very
> > > > closely. Do not cheat.
> > > >
> > > > MAKE A WISH BEFORE BEGINNING THE TEST!!
> > > >
> > > > Warning! Answer the questions as you go along..
> > > >
> > > >
> > > > There are only four questions and if you see them all before
> > > > finishing you will not have honest results. Go down slowly and do
> > > > each exercise as you scroll down. Don't look ahead. Get pencil and
> > > > paper to write your answers as you go along..
> > > >
> > > >
> > > > You will need it at the end. This is an honest questionnaire, which
> > > > will tell you a lot about your true self..
> > > >
> > > >
> > > > Put the following 5 animals in the order of your preference.
> > > >
> > > > a. Cow
> > > > b. Tiger
> > > > c. Sheep
> > > > d. Horse
> > > > e. Pig
> > > >
> > > >
> > > > Write one word that describes each one of the following:
> > > > a. Dog
> > > > b. Cat
> > > > c. Rat
> > > > d. Coffee
> > > > e. Sea
> > > >
> > > > Think of someone (who also knows you and is important to you) that
> > > > you can relate them to the following colors. (Please do not repeat
> > > > your answer twice. Name just one person for each color.)
> > > >
> > > > a. Yellow
> > > > b. Orange
> > > > c. Red
> > > > d. White
> > > > e. Green
> > > >
> > > >
> > > > Finally,write down your favorite number and your favorite day of the
> > > > week..
> > > >
> > > >
> > > > ?Finished? Please be sure that your answers are what you REALLY
> > > > feel...
> > > >
> > > > Last chance...
> > > >
> > > >
> > > > Look at the interpretations below.: But first before continuing,
> > > > repeat your wish.
> > > >
> > > > This will define your priorities in your life.
> > > > Cow: signifies CAREER
> > > > Tiger Signifies PRIDE
> > > > Sheep Signifies LOVE
> > > > Horse Signifies FAMILY
> > > > Pig Signifies MONEY
> > > >
> > > > Your description of dog implies YOUR OWN PERSONALITY.
> > > > Your description of cat implies the personality of your partner.
> > > > Your description of rat implies the personality of your enemies.
> > > > Your description of coffee is how you interpret SEX.
> > > > Your description of the Sea implies your own life.
> > > >
> > > > Yellow: Someone you will never forget
> > > > Orange Someone you consider your true friend.
> > > > Red Someone that you really love
> > > > White Your twin soul
> > > > Green Someone that you will remember for the rest of your life.
> > > >
> > > > You have to send this message to as many persons as your favorite
> > > > number and
> > > > your wish will come true on the day that you put. This is what the
> > > > Dalai Lama has said about the millennium just take a few seconds to
> > > > read it and think. Do not put away this message, the mantra will
> > > > come
> > > > out from your hands in the next 96 hours. You will have a very
> > > > pleasant surprise.
> > > > This is true, even if you are not superstitious SEND THIS E-MAIL
> > > > MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL IMPROVE
> > > > 0-4 persons: Your life will improve slightly.
> > > > 5-9 persons: Your life will improve to your liking.
> > > > 9-14 persons: You will have at least 5 surprises in the next three
> > > > weeks.
> > > > 15 or more persons: Your life will improve drastically and all that
> > > > you have always dreamed will take shape.;
> > > >
> > > > If at any time you do not receive the smile you were expecting, be
> > > > generous and give that person a smile. Because nobody has as much
> > > > necessity of a smile than the person that does not know how to smile
> > > > at others.
> > > >
> > > >
> > > >
> > >
> > > ------------------------------------------------------------
> > >
> > > The contents of this message are the views of the Author and
> > > do not necessarily reflect the views of SUNCORP METWAY LTD.
> > > ABN 66 010 831 722
> > >
> > > http://www.suncorpmetway.com.au
> >
> >
> >************** IMPORTANT MESSAGE **************
> >This e-mail message is intended only for the addressee(s) and contains
>information which may be confidential. If you are not the intended
>recipient please advise the sender by return email, do not use or disclose
>the contents, and delete the message and any attachments from your system.
>Unless specifically indicated, this email does not constitute formal advice
>or commitment by the sender or the Commonwealth Bank of Australia (ABN 48
>123 123 124) or its subsidiaries.
> >**************************************************
>
>
>
>
>

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


Per your request, attached are the EnronOnline General Terms & Conditions for firm gas.  Please let me know if you want the spot GTC's as well.  The difference between the two firm GTC's is a provision allowing Enron to call for a letter of credit from the counterparty.  This collateral GTC is used for those counterparties designated by Credit.

Legal has been working with the EOL team to get new versions of the GTC's in place with EOL counterparties that do not have masters.  This effort was recently put on hold at the request of the EOL team.

Please let me know if you have any questions.

Stacy


May 31, 2001

To:  Ken Lay
  Steve Kean

From:  Rick Shapiro
  Linda Robertson

Subject: The President,s Dinner, A Congressional Salute Honoring President
Bush and Vice President Cheney, June 27, 2001 in Washington, DC

This memo is a follow up to your phone conversation with Roger Enrico
regarding Enron contributing $250,000 to The President,s Dinner.  The
President,s Dinner is a joint fundraising effort by the National Republican
Congressional Committee (NRCC) and the National Republican Senatorial
Committee (NRSC).  We contacted both Congressman Tom DeLay and the House
Senate Dinner committee to ensure that Enron could fully participate in The
President,s Dinner and receive credit for money we have already committed to
give to the Committees earlier this year.

With the assistance of Congressman Tom DeLay we were able to apply our
previously contributed soft money toward this dinner.  Consequently, we will
be &credited8 as giving $250,000 to this event, even though we are being
asked to give only $50,00 in &new8 soft money.  Our earlier contributions of
$100,000 each to the NRCC and NRSC will make up the remaining money.  You
will be listed as Co-Chair of the event, the highest level of giving.  We
will be crediting Congressmen DeLay, Armey, Barton and Tauzin for raising the
$100,000 allocation for the NRCC.  As for $100,000 we earlier gave the NRSC,
Senator Kay Bailey Hutchison has requested that Enron give her some credit
for raising the money.  We would like to split it among several other
Senators.

In addition, Congressman Tom DeLay has asked Enron to contribute $100,000 to
his leadership committee, ARMPAC, through a combination of corporate and
personal money from Enron,s executives.  ARMPAC funds will be used to assist
other House Members as well as the redistricting effort in Texas.  We will be
meeting this request over the course of this calendar year.

Kevin Hannon has expressed an interest in attending the dinner.  Will you be
able to join us on the 27th in Washington to attend the dinner?


Capacity Marketing - We negotiated an extension of the 400,000 MMBtu/d
east-to-east contract with Aquila / USGT this week plus improved the
economics of their existing contract.  The extension, beginning November
2001, has a reservation rate of $.025/MMBtu with a 30% sharing of the Permian
to Cal Border index spreads on all alternate westward flow.  As for their
existing contract, we negotiated a $.15/MMBtu rate effective February 15 -
October 31, 2001 on the alternate west flow, an improvement of $.11/MMBtu.

In addition, we negotiated a similar east deal with alternate west flow with
Astra Power LLC.  Their reservation rate is $.0325/MMBtu on a volume of
50,000/d for a term of March 2001 through March 2003.

With the execution of these two deals plus the anticipated closing of the
Public Service of New Mexico contract, this will effectively sell out the
east end of the TW system through at least 2002.

San Juan Flow Conditioner - The decision was made this week to postpone till
March the application of the Exxon/Nalco flow conditioner in the San Juan
lateral.  Had we proceeded with the application in February (a tariff month),
the minimum lost revenue impact for one day could have been $300,000.

SouthWest Gas - We received the fully executed OBA contract from SouthWest
Gas this week.

Gas Inventory - With moderating temperatures out west reducing demand and
shippers paying gas back to TW, we were experiencing high linepack for most
of the week.  TW was able to sell 55,000 MMBtu at the border for a net
revenue of $453,000.

Reliant - We negotiated a San Juan Pool contract for 20,000 MMBtu/d at max
rates for February 6-28.  Reliant is flowing alternate out of path from San
Juan to the border and scheduling 5,000 to 12,000 MMBtu/d.  Incremental
revenue for this could range from $42,000 to $100,000 for the month.


Hey,

B-day = 9/20/73
address = I guess 1801 Calvert Street, NW, Apt 408, Wash DC 20009

Finals suck!  I waited until 3rd year to take all of the crappy
litigation courses that I did not care about and did not want to get
graded on early in my law school career.  I decided to take Evidence
and Crim Pro for bar reasons, but I am really struggling!!!   It does
not help that I will never care about these rules in practice!!!
Yuck!!!  And at the same time it is really sad that it is almost
over.  I am not an academic at heart, but I love Charlottesville and
my laid-back life here.  It will be sad to leave.

I look forward to sailing though and that laid-back life.
Wish me luck.

- Amanda

-------------------
> I need your birthday and address to finalize the info for the
Moorings.
> Finals going OK?
>


Hi Kate!
This deal needs to be changed to CAISO energy.  Also, I will be faxing the
list of West Daily Deals that need to be changed to "no confirm".
Thanks for your help!
Kim


Sounds fine.

Kay

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 05/07/2001 03:49:07 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: CA Energy Development

Kay:

George Kutzschbach of Fulbright called this afternoon to request copies of
the executed Assignment and Assumption Agreements and Bills of Sale for the
turbine/transformer transaction between ENA and Sweetgum Energy LP.  George
has unsigned copies of these documents.  Our closing volumes also contain
only unsigned copies of these documents.

George is asking for the documents with respect to both the turbines and the
transformer, but is needing them specifically for the transformer.
Apparently, CA-II is planning to sell the transformer, and he is gathering
up the documents that would show title to the transformer in CA-II.

I have reviewed the documents, and do not see any reason why we should not
deliver them.  Can you provide signed copies of these documents?   Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
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disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


I like this better than Dan's original.

	Enron Capital & Trade Resources Corp.

	From:  "Richard Josephson" <rcjosephson@stoel.com>
03/13/2001 08:32 AM

To: nolan.steiner@avistacorp.com, dvermillion@avistaenergy.com,
asettanni@bracepatt.com, dwatkiss@bracepatt.com, kcurry@bracepatt.com,
rcarroll@bracepatt.com, gfergus@brobeck.com, andrzej_kabarowski@cargill.com,
phillip_fantle@cargill.com, psteel@coral-energy.com,
psteele@coral-energy.com, rreilley@coral-energy.com,
elizabeth.sager@enron.com, mary.hain@enron.com, richard.b.sanders@enron.com,
smara@enron.com, snovose@enron.com, sstack@enron.com,
jfrizzell@gibbs-bruns.com, sbishop@gibbs-bruns.com, GErspamer@mofo.com,
KIrvin@mofo.com, KZeitlin@mofo.com, RLoeffler@mofo.com,
jmcgrane@morganlewis.com, mgriffen@morganlewis.com, bcurrey@omm.com,
jstamper@omm.com, mawilliams@omm.com, john.fryer@PacifiCorp.com,
nancy.loftin@pinnaclewest.com, Timothy.Bolden@pinnaclewest.com,
dmperlman@powersrc.com, rosteen@powersrc.com, hao@quinnemanuel.com,
dgarber@sempra.com, wdsmith@sempra.com, rbeitler@sempratrading.com,
PARAMFJORD@stoel.com, SJKAPLAN@stoel.com, mbrosterman@stroock.com,
mgoldstein@stroock.com, pjazayeri@stroock.com, theftler@stroock.com,
ayudkowsky@strook.com, CFR@vnf.com, GDB@vnf.com, HES@vnf.com, JRR@vnf.com
cc:
Subject: Re: Bankruptcy Notification to FERC

The attached has a suggested addition, assuming it is consistent with Dan's
conversations with Joe Eisenberg.  Either way the letter is acceptable to
PacifiCorp.

>>> "Andrea Settanni" <asettanni@bracepatt.com> 03/13 7:49 AM >>>
Attached is the letter that we intend to file at FERC today regarding the
bankruptcy petition.  Please let us know by noon today if you have any
comments.

 - bankruptcy.doc


You have received this email because you are listed as a security approver.
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Rob, we are planning to file the following protest of HQ's behaviour in the
NE power markets through their market based rates case with the FERC, do you
have any issues with this approach?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/20/2000
07:33 PM ---------------------------

	From:  Christi L Nicolay                           11/20/2000 01:45 PM

To: David W Delainey/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron
Subject: HQ files to continue market based rates

Dave -- Kevin has asked that we do a full-blown protest of HQ's continuation
of market based rates due to market manipulating behavior that Tom May has
seen.  Due 11/30.  Let us know if we should not proceed with the OASIS
review, etc. and drafting of protest.  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 11/20/2000
12:24 PM ---------------------------

"Nancy Pickover" <npickover@bracepatt.com> on 11/20/2000 12:30:27 PM
To: <Christi.L.Nicolay@enron.com>, <donna.fulton@enron.com>,
<marcie.milner@enron.com>, <mary.hain@enron.com>, <snovose@enron.com>
cc:

Subject: Orders/Notices

Please see attached.  H.Q. Energy has filed its market power study.
Interventions/protests are due on Nov. 30.

 - ER97-851.1


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Request Create Date : 10/23/00 8:49:45 AM
Requested For       : brian.mihura@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read/Write]
Resource Type       : Directory


Oh oh.  Time for another nomination?
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/14/2000
09:17 AM ---------------------------
  Office of the Chairman
From: Office of the Chairman on 08/12/2000 01:20 AM
Sent by: Enron Announcements
To: All Enron Worldwide
cc:
Subject: 2000 Chairman's Award

Everyday heroes are all around us at Enron, living our core values of
Respect, Integrity, Communication and Excellence in everything they do.  Some
of these heroes make a big splash while others just quietly make a difference
in the workplace around them.  Either way, these special individuals deserve
to be recognized with a nomination for the 2000 Chairman's Award.

As there is more than just one employee living the values at Enron, this
award program will honor 10 employees as members of the Chairman's
Roundtable.  From that group, the one individual most embodying our values
will be presented with the Chairman's Award at the Management Conference in
San Antonio in November.

The beauty of this award program is that it is completely employee-driven
from beginning to end.  From your nominations, an international employee
committee will select the Chairman's Roundtable and eventually, the
Chairman's Award winner.  Your role of nominating our everyday heroes is
extremely vital to the program's success.  If someone has made a positive
impression on you, please take the time to complete a nomination form and
send it to Charla Reese by October 1, 2000.  You may click here for a
printable form:  http://home.enron.com/announce/chairman_nom/form3.doc

For more information on the Chairman's Award, including details on last
year's Roundtable members and previous winners, Repit Suliyono and Bobbye
Brown, please click here: http://home.enron.com/announce/chairman_nom

Again, this is a very special award at Enron and we sincerely thank you for
your participation.

Ken, Jeff and Joe


Thank you to all of our volunteers and staff who helped make the 2000 United
Way Kick-off a great success!!!
If you have not made your contribution, please click here.

Operation Sellout:   Rice Owls vs. Houston Cougars!  Discounted tickets for
the September 2 football game are now available
 for Enron employees through the Signature Shop on-line.  The game will be
held at Rice Stadium
 at 7:00 p.m.   Tickets will remain on sale through 3:00 p.m. on August 24
for $13 per ticket and can be
 purchased in sets of two or four.  To purchase your tickets, click here.
For any questions, contact
 Greg Grissom at 713-345-8741.

Calling All Golfers! Project Joy and Hope for Texas is promoting the need for
quality hospice care for children with
 life-limiting illnesses.  The organization is recruiting players NOW for
their first annual golf tournament
 on October 9. Contributions are $150 per player.  If you are interested or
would like more information, contact
 Jan Wheeler at 713-851-9792.

Financial Wellness Join Enron Federal Credit Union and the Foundation for
Financial Literacy, for "Protection Against the Unforseen:
Workshop Series Insurance & Personal, Employer and Government Benefits."
Thursday, August 17, 11:30 a.m. - 12:30 p.m.,
 at the Doubletree-Allen Center.  For more information, visit
http://home.enron.com/efcu/.

Free Bowling! You are invited to join the Enron Bowling Association at the
11th Annual Fun Tournament at Copperfield
 Bowling Center, this Saturday, August 19.  If you are interested, contact
Dennis Lee 713-853-1715.

United Way  Sign Up Now!  Mark your calendar for a day of volunteer activity
at DePelchin Children's Center
Day Of Caring and Ripley House to support United Way and make a difference in
your world.  For more information,
 click here http://home.enron.com/cr. To sign up, contact Jessica Nunez at
713-853-1918.

Computer Instructors  The Salvation Army William Booth Gardens is an
apartment community for low-income senior citizens, looking
Needed! for computer-literate volunteers to teach their resident families
computer skills.  This would be a
 short-term commitment of 4-6 weeks, 2-3 times per week.  If you are
interested, please contact
 Charlaine Reynolds at 713-692-5209.

Astros Wives Gala The Astros Wives Gala, benefiting The Houston Area Women's
Center, needs volunteers to assist with their formal
 fundraiser at Enron Field on Thursday, August 17.  If you are interested,
please contact Liz Garza at
 713-528-6798, extension 273.

Festa Italiana! The Federation of Italian-American Organizations of Houston
is now recruiting volunteers for its annual
 Italian Festival held September 15-17.  If you are interested, contact
Rachel Feldt at 713-345-7629.
 For more information, click here http://home.enron.com/cr.

Hearing Screening Extra Day Added!  Hear Ye! Hear Ye!  It's time to get your
hearing checked.  Register now!  The
 screening will be held on August 22 - 23.  Cost: $10 Enron Employees &
Spouses, $25 Contractors.
 The only method of payment will be checks made payable to Enron Corp.  Call
the Health Center at
 713-853-6100 to schedule an appointment.

More than 1,700 Enron employees participated at the Hyatt Regency for the
United Way Kick-Off event, "Who Wants to Help Millions?"

The Enron Building Lobby had a full audience watching the game show.

Through your generous contributions, to date, we have reached 70% of our
anticipated financial goal for this years United Way Campaign.


I have always found it useful in preparing for congressional hearings to have
"Hearing Themes."  The themes represent  both the points we want to make in
our written testimony and the points we should try to emphasize in our oral
answers to Member questions.   Please feel free to edit.  Here is a first
cut:

I. The energy problems in California are of its own making and ultimately
will require action by the State   government.   The State did not deregulate
in 1996, it misregulated.

II. In the short-term, California must provide support to the Utilities to
maintain reliability as they are doing with
 the California Department of Water Resources purchases and the Utilities'
financial problems resulting from their
 inability to recover power costs should be addressed immediately by the
State.

III. For the long-term, California should:

 --Increase supply and reduce demand
 --Bring retail rates in line with the cost of a reasonable portfolio of
electricity supply
 --Allow customers to benefit stable long-term contracts
 --Not abandon its commitment to foster retail competition.
 (Here we should explain what we mean by each point and suggest solutions.
Our explanation should not
 assume deep knowledge of the problem or the solutions.)

IV. The California "experience" does not mean deregulation leads to higher
prices for consumers and a lack
 of reliable supply.

 --The California crisis illustrates that true deregulation is the answer,
misregulation is not.
 --There are ample illustrations of "good" state deregulation efforts.
 --Current Federal efforts to increase supply and decrease demand should be
pursued.
 --Federal efforts to increase incentives for power generation should include
regulatory policies
 designed to extend open access to all uses of the bulk power transmission
grid so that power
 can move freely to meet demand and new generation facilities may be brought
on-line.

V. Enron has been a positive presence in California.

 --Enron is neither a net generator nor a net user of energy in California.
 --We are in the business of making markets and making them work better.
 --From the outset, Enron has been working with all parties to find
constructive, workable,
 and well-tested solutions to California's problems.
 --While we strongly disagree with the DOE supply orders, we have fully
cooperated with
 them in California

VI. Time is running out.  California must act soon, just as our Federal
efforts to put in
 place a national energy policy should be soon.


John please get with vernon and greg and see what we can do.

Thanks Lynn
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Paul,
Would you please help complete the attached comparison between BONY and Chase
for next Tuesday's meeting with Puskar, at 4:00.

Carol, Shari and Sara,
Who will be attending for Legal?  Laurel said that there is some uncertainty
as to whether Carol was involved in this project.

Thanks.
Sheila


Energy Committee Members:
Please find attached the agenda for May 7 Energy Committee Meeting as well
as the minutes from last Monday.  Please keep in mind that the agenda is
subject to change and final versions will be distributed at the meeting.  If
any error is found within the minutes, please advise and corrections will be
made.  Thank you and have a good weekend.  Laura

 - Energy Committee Agenda May 7.doc


Alan,

Here is the final version of the Agreement.  Please let me know if  I may be
of further assistance.

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


THIS IS A POST-ONLY MAILING.  PLEASE DO NOT RESPOND TO THIS E-MAIL.

Future Technology

DATE	      MTFAX	MTFBX	MTFTX

03/11/2002	$4.71	$4.63	$4.19
03/12/2002	$4.61	$4.53	$4.09
03/13/2002	$4.47	$4.39	$3.97
03/14/2002	$4.44	$4.36	$3.94
03/15/2002	$4.45	$4.37	$3.95
For more info click below
http://www.munder.com/munder/0,,MS1YLTE3MC0xLVdOLU1GRg==,00.html

Framlington Healthcare

DATE	      MFHAX	MFHBX	MFHCX

03/11/2002	$20.07	$19.31	$19.29
03/12/2002	$20.00	$19.24	$19.22
03/13/2002	$20.08	$19.32	$19.30
03/14/2002	$20.26	$19.49	$19.47
03/15/2002	$20.34	$19.57	$19.55
For more info click below
http://www.munder.com/munder/0,,MS1YLTE3MC03LVdOLU1GRg==,00.html

NetNet

DATE	      MNNAX	MNNBX	MNNCX

03/11/2002	$17.30	$16.83	$16.84
03/12/2002	$16.80	$16.34	$16.35
03/13/2002	$16.45	$16.00	$16.01
03/14/2002	$16.35	$15.90	$15.91
03/15/2002	$16.11	$15.67	$15.68
For more info click below
http://www.munder.com/munder/0,,MS1YLTE3MC0yMS1XTi1NRkY=,00.html

International NetNet

DATE	      MNIAX	MNIBX	MNITX

03/11/2002	$2.61	$2.58	$2.58
03/12/2002	$2.55	$2.52	$2.52
03/13/2002	$2.53	$2.50	$2.50
03/14/2002	$2.55	$2.52	$2.51
03/15/2002	$2.56	$2.53	$2.52
For more info click below
http://www.munder.com/munder/0,,MS1YLTE3MC0zMi1XTi1NRkY=,00.html

Digital Economy

DATE	      MDEAX	MDEBX	MDENX

03/11/2002	$6.32	$6.24	$6.25
03/12/2002	$6.30	$6.22	$6.23
03/13/2002	$6.23	$6.15	$6.16
03/14/2002	$6.22	$6.14	$6.15
03/15/2002	$6.28	$6.20	$6.21
For more info click below
http://www.munder.com/munder/0,,MS1YLTE3MC0zMy1XTi1NRkY=,00.html

Bio(Tech)2

DATE	      MBTAX	MBTBX	MBTTX

03/11/2002	$5.62	$5.56	$5.58
03/12/2002	$5.58	$5.52	$5.53
03/13/2002	$5.60	$5.54	$5.55
03/14/2002	$5.62	$5.56	$5.58
03/15/2002	$5.68	$5.61	$5.63
For more info click below
http://www.munder.com/munder/0,,MS1YLTE3MC0zNC1XTi1NRkY=,00.html

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R-C CANCUN
RETORNO DEL REY NO 36
CANCUN QROO, MX  77500
tel: 52-98-810808
fax: 52-98-810815

Hotel Information: http://www.ritzcarlton.com/mail.asp?Property=/CUNRZ

ARRIVAL CONFIRMATION:
Confirmation Number: 80864715
Guests in Room: 3
Name: MR JOHN LAVORATO
Guest Phone: 7136616096
Number of Rooms: 1
Arrive: 09 Feb 2001
# Nights: 9
Depart: 18 Feb 2001
Room Type: SUITE - EXECUTIVE
Guarantee Method:
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Cancellation Policy:
CANCELLATION PERMITTED-30 DAYS BEFORE ARRIVAL

SPECIAL REQUEST:
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Room Rate:  509.00 Per Night. Plus Tax When Applicable
Rate Program: REGULAR RATE

PLEASE DO NOT REPLY TO THIS EMAIL
Any Inquiries Please call 1-800-241-3333 or your local
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Legal Disclaimer:
This confirmation notice has been transmitted to you by electronic
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notice is the official record of this reservation. Subsequent
alterations to this electronic message after its transmission
will be disregarded.


? Item 5b of the PUC draft decision, which implements the 3 cent/kwh rate
increase, has just passed unanimously. Commissioner Lynch stressed again that
this rate increase can only be used by the utilities for power purchases
going forward with the only exception being that the utilities must pay the
state the money they owe for the power purchased by the DWR.

? The tiered rate structure was not debated or voted upon.  Lynch said that
this cannot be decided until the rate structure is complete and the committee
would work on this issue on an "expedited basis," approximately 30 days.

? Commissioners Brown and Wood explicitly thanked Lynch for taking courageous
leadership in spearheading this decision.


Thought you might find this interesting!!

http://www.fortune.com/

XXOOXXOO,

Kevin


Thanks for the heads up.  Keep me posted.  Mark


RIGZONE DAILY NEWS -- MONDAY, FEBRUARY 11, 2002
------------------------------------------------------------
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to:
   http://www.rigzone.com/newsletter_show.asp?n_id=219
------------------------------------------------------------


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

NEWS RELEASE
FROM THE
CALIFORNIA ENERGY COMMISSION

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

For immediate release: December 19, 2001
Contact: Percy Della - 916-654-4989

Nearly 9 Million More Vehicles in California
By 2020, Says Energy Commission
Sacramento - By the year 2020, California is expected to be home to 45 million people and more than 31.5 million motor vehicles ? up substantially from the 35 million people driving 22.8 million vehicles in the State in 2000.

Californians, who used 14.2 billion gallons of gasoline a year in 2000, will consume as much as 19.6 billion gallons a year by 2020. Diesel demand will rise from 2.6 billion gallons a year in 2000, to 4.2 billion gallons a year in 2020.

These projections are part of a just-released staff report from the California Energy Commission entitled Base Case Forecast of California Transportation Energy Demand. The document, prepared by the Energy Commission for the State Legislature, describes the most likely outlook for gasoline, diesel and jet fuel consumption in the years 2010 and 2020 if present trends continue, with no improvement in fuel economy for cars and trucks.

The report, required by Assembly Bill 2076, is the first product in a joint project by the Energy Commission and the Air Resources Board to recommend strategies to the Governor and the Legislature on ways to cut petroleum dependence in California.

The Base Case Forecast documents the State's historical demand for transportation fuel. The study extends present energy trends 10 years and 20 years into the future and identifies key factors now emerging that could affect future demand for gasoline. It also produces an alternative scenario for the State's energy consumption, depending on the advancement of fuel efficiency in cars and trucks, and the acceptance in the marketplace of hybrid-electric vehicles.

Highlights of the report's findings include:

*	From 2000 to 2020, California's population will grow at about 1.4 percent a year. The number of miles traveled, however, will grow by 1.8 percent a year, meaning Californians will drive more and more miles each year.
*	Today's average per-mile-cost of gasoline is less than one-half of what it was in 1980. That's because, since 1980, the real cost of gasoline has dropped 40 percent while overall fuel economy has nearly doubled.
*	Fleet-average fuel economy, increasing since 1973, has leveled off. The trend is predicted to continue: between now and 2020, fuel economy will not improve significantly as consumers continue to purchase less-fuel-efficient vehicles like sport utility vehicles, vans and pickups. By 2020, such light trucks are expected to represent 44 percent of the vehicle fleet, up from 39 percent in 2000.
*	If more fuel-efficient vehicles - including "hybrids" - enter the marketplace in sufficient numbers, they could cut gasoline usage in California by approximately 500 million gallons in 2010, and more than 900 million gallons by 2020 under the alternative scenerio.
*	California will continue to be a major market for automobiles. In 2000 alone, Californians purchased 1,126,000 new cars and 965,000 new light trucks.

The new report, Base Case Forecast of California Transportation Energy Demand now is available on the Commission's Web Site at

www.energy.ca.gov/reports/

The Energy Commission, in conjunction with the Air Resources Board, will hold a one-day workshop on the preliminary results of the staff's analysis on Wednesday, January 16, 2002, beginning at 9:30 a.m. at the Energy Commission's offices in Sacramento.

# # #

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

To unsubscribe from this list, please go to:

http://www.energy.ca.gov/listservers/

Or simply send an e-mail to majordomo@energy.ca.gov
and in the body of the e-mail, type in

unsubscribe (name of this list)

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Farideh Namjou
Web Development Team
California Energy Commission
916-654-4989

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *


Please send out Notices of Termination by November 30, 2001 for all retainer (fixed payments) agreements (lobbying, legal, consulting, etc...)  We need to end all payments as of December 31, 2001.  Thank you very much.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160


I am planning to take take vacation days on March 8 & 11 and on March 29 & April 1.  Please let me know if there are any scheduling conflicts.

Thanks,
Lindy


Cocktails and Dreams.

 -----Original Message-----
From: 	Giron, Darron C.
Sent:	Monday, November 05, 2001 11:00 AM
To:	Fascetti, Lee; Crowell, Scott
Cc:	Love, Phillip M.; 'carlos.giron@psiusa.com'
Subject:	FW: Memories.......

Carlos sent this.  I don't think you two got it.  The bartender may want to pay close attention to the FYI attachment....particularly, under the "Intoxicating Liquors" section.  Enjoy.

DG

 -----Original Message-----
From: 	"Carlos Giron" <Carlos.Giron@psiusa.com>@ENRON
Sent:	Monday, November 05, 2001 10:45 AM
To:	Giron, Darron C.; Love, Phillip M.; enron.com#c#lee#c#fascetti@psiusa.com; enron.com#c#scott#c#crowell@psiusa.com
Subject:	Memories.......

Guys,
I had an incredibly fun time...just wish we could have made that phenomenal Bears game!!  Though ya'll might get a kick out of these photos.  The FYI attachment is for the bartender, the fucking fucks is for everyone's appreciation.  Enjoy and stay in touch!

Carlos D. Giron
Environmental Professional

Professional Service Industries, Inc.
121 Brookhollow Esplande
New Orleans, LA 70123
Email:carlos.giron@psiusa.com
Phone: 504.734.9335
Fax: 504.733.8161
Cell: 504.452.3130

 - FYI.jpg << File: FYI.jpg >>
 - Fucking Fucks.jpg << File: Fucking Fucks.jpg >>


Attached please find the REVISED EPMI Power Credit Watch List as of
02/06/01.  Please direct any questions and/or comments to the Credit Hotline
(713-853-1803).

Thank you,
Veronica Gonzalez


Please be advised that a conference call in the above-referenced matter has
been scheduled for today at 5:00 p.m. (cst).  The dial in number is
1-800-998-2462.  Passcode 4815579.


Hi Sharon -

Ken Lay will be out of town.  Thanks.

"Sharon Kimmel" <skimmel@iexalt.net> on 06/27/2000 10:24:54 AM
To: "William W. Piernot" <piernotb@letu.edu>, "Walter A. Saunders, Jr."
<walter_saunders@agc.com>, "Robert N. Dietz" <bdietz@bflassociates.com>,
"Ripley E. Woodard, Jr." <rew@whplaw.com>, "Ray Daugbjerg"
<105113.2130@compuserve.com>, "Rand R. Wall" <heritage@wt.net>, "R.
Christopher Wyatt" <cwyatt@dttus.com>, "Peter Forbes"
<pforbes@houston.rr.com>, "Paul Widener" <bluesky@ghg.net>, "Michael Hensley"
<MikeH@tescodrilling.com>, "Marcus Watts" <mwatts@lockeliddell.com>, "Leo
Linbeck" <eva_quearry@linbeck.com>, "Lee Pardue, II" <lpardue@att.net>, "Ken
Lay" <kenneth.lay@enron.com>, "Joel Tietjens" <Joel@tjens.com>, "Joe
Richardson" <jrichardson@harperpearson.com>, "Jim Wise"
<banbury3419@hotmail.com>, "Jere M. Ahrens" <jahrens@dttus.com>, "Jeff L.
Murray" <jeffm@netlan-inc.com>, "James W. Hargrove" <jwhargrove@pdq.net>,
"James Shirley" <jrshirly@flash.net>, "J. Wise" <ban_bury@swbell.net>, "J. P.
Wise" <jpwise@ielectric.com>, "J. Evans Attwell" <eattwell@velaw.com>, "Frank
Vandiver" <fvandiver@sterlingchemicals.com>, "Doug Bech"
<dbech@raintreesorts.com>, "Dennis McGuire" <mcguired@tpi-sourcing.com>,
"David Smith" <DavidHillSmith@worldnet.att.net>, "David Cullum"
<cullum_david@msn.com>, "D. Stephen Goddard, Jr."
<d.stephen.goddard.jr@us.arthurandersen.com>, "Charles W. Hall"
<chall@fulbright.com>, "Charles Beall" <anne.b@worldnet.att.net>, "Bruce J.
Harper" <bharper@harperpearson.com>, "Bill Wright" <billw3@hypercon.com>,
"Barry G. Flynn" <bgflynn@swbell.net>, "Kyle Bergeron" <emalliance@aol.com>
cc:
Subject: FROM JACK TOMPKINS

?
Please see the attachments for the July 6th meeting.
?
Thank you,
?
?
Sharon Kimmel
iExalt, Inc.
skimmel@iexalt.net
281.600.4000 ext.  408
?
?
 - Ivy.gif
 - Sharon Kimmel.vcf
 - Christian Business Group-July.doc
 - SPIRITUAL REBOUNDING-June 1 meeting.doc


---------------------- Forwarded by Maria Sandoval/HOU/ECT on 11/20/2000
07:41 AM ---------------------------

Yolanda Sandoval <Yolanda.Sandoval@Halliburton.com> on 11/17/2000 08:37:44 AM
To: "J R. Taylor" <JR.Taylor@Halliburton.com>
cc:
Subject: FW: Thanksgiving

Yolanda Sandoval
KBR Legal Dept.
*713-753-5986
 *713-753-7626
* yolanda.sandoval@halliburton.com

This email, including any attached files, may contain confidential and
privileged information for the sole use of the intended recipient(s).  Any
review, use, distribution or disclosure by others is strictly prohibited.
If you are not the intended recipient (or authorized to receive information
for the recipient), please contact the sender by reply email and delete all
copies of this message.  Thank you.

>  <<turkeyrevenge.exe>>
>

 - turkeyrevenge.exe


Attached is the revised GTCs that address taxation issues for non-Australian
resident counterparties. These GTCs have received tax clearance and hence all
approvals have now been given to allow them to be loaded. Enclosed also are
the procedures that need to be followed when new counterparties are being
considered. To date we have been vetting potential counteparties in the
Sydney office. I suggest that the procedures be made available to anyone else
who may be given this responsibility.

One new matter has come to light. In July 2000 with the introduction of GST
in Australia new legislative arrangements will come into place. They will
require businesses to have an "ABN". It has been suggested that we amend the
password application to request the counterparty's ABN.


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/27/2001
12:06 PM ---------------------------

Hunter S Shively
03/26/2001 10:01 AM
To: phillip.k.allen@enron.com
cc:
Subject:


Start Date: 4/11/01; HourAhead hour: 24;  HourAhead schedule download failed.
Manual intervention required.


Chris,

I asked patti for the information and she never got back to  me.  Will follow up and definitely get the info tomarrow.  Sorry.

Kim.


Some interesting articles in this one.
----- Forwarded by Mark Taylor/HOU/ECT on 04/25/2001 04:59 PM -----

	<Mckinsey_Quarterly_NewsLetter@quantumecommerce.com>
	04/25/2001 02:59 AM
	Please respond to Mckinsey_Quarterly_NewsLetter

		 To: <mark.taylor@enron.com>
		 cc:
		 Subject: The McKinsey Quarterly Newsletter---April 2001

*****************************************************
The McKinsey Quarterly Newsletter

April 2001
http://www.mckinseyquarterly.com

******************************************************

==========On The McKinsey Quarterly Web site this month==========

Valuing dot-coms after the fall
The Internet roller coaster may rank as the market's most dramatic
upheaval over the past 20 years, but it certainly hasn't been the only
one. Remember biotech? Real estate? Leveraged buyouts? What about Japan
Incorporated? Sooner or later, investment values always revert to a
fundamental level based on cash flows. Get used to it.
http://mckinseyquarterly.com/login.asp?ArtID=1015

Mobile portals mobilize for scale
As investors have cooled to new ventures, survival is now at the top of
the agenda for mobile portals. Whether a portal stays alive will depend on
its ability to offer accessibility, awareness, and the right services. The
rest of the struggle---rapid expansion to ensure long-term survival and,
eventually, global dominion---will come down to guts and determination.
http://mckinseyquarterly.com/login.asp?ArtID=1022

The innovative organization
The idea that new businesses prosper best when separated from their
corporate parents has now become conventional wisdom. Although new
ventures do need space to develop, strict separation can prevent them from
obtaining invaluable resources and rob their parents of the vitality they
can generate. The solution? A balance of partitioning and integration.
http://mckinseyquarterly.com/login.asp?ArtID=1017

Programmers abroad: A primer on offshore software development
More and more companies are going offshore to develop and maintain their
software. The reason is simple: this approach saves time and money.
Without discipline in managing offshore relationships, however, a company
not only can squander the cost and time savings it had hoped to gain but
also may face late deliveries, escalating costs, mismatches between
expectations and deliverables, and even outright failure.
http://mckinseyquarterly.com/login.asp?ArtID=1018

+++++++++++++++++Also on the site this month++++++++++++

The alchemy of LBOs
http://mckinseyquarterly.com/login.asp?ArtID=1021

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Yeah!!  Yes, staff meeting is 2:30 to 3:30 on Mondays in EB3014  - convenient
for you at this point.

Bob M Hall@ENRON
08/03/2000 12:52 PM
To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT
Subject:

I am finally in the system!!!!!!!!!!!!!!!

I have given Patti access to my calendar so you can find me.

Also, do you have a direct report meeting on a regular basis?

thanks

bob


Tana;

     It was great to speak with you the other day regarding your new role!

If it is possible I would like to speak with you tomorrow (I will phone you)
regarding a dilemna that has come across my desk the past few days regarding
companies that are creating OnLine Exchanges like Enron's.

     I am finding some inconsistency in the legal contracts to be executed
among
the Online Exchanges as to appliciable Law, Jurisdiction and Waiver of Right
to
litigate in favor of Arbitration.

     I would be curious to know how you are handling such matters at Enron? I
am
of certainty that in the Online Agreement executed between BNP Paribas and
Enron
Online (I gave us the okay to execute) Enron Online's contract did not insist
on
Arbitration over standard law and jurisdictional matters.

     Is it possible to discuss a little further tomorrow with you? If so, I
will
telephone at any time you are available. Thanks much. Kind regards.

______________________________________________________________________________
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I have not personally talked to James about these issues in Enpower.  His
concerns regarding swaptions and asian options are accurate.  IT is currently
working on new volatility curves for swaptions to use.  IT is also working on
correlations in order for asian options to be valued properly.  London trades
many more swaptions and asian options than the US; therefore, the impact of
not having swaption volatility curves and correlations is greater to them.
The majority of options in the U.S. are European monthly and daily exercises
and the current volatility curves adequately take care of these deals.  The
idea of swaption volatility curves has floated around in the US, but other
more material items always got in the way and we continue to use the deal
specific volatilities for the swaptions we do have.  Once the technology is
in place to use swaption volatilities we will also adopt.   The system was
originally built to handle the physical power world that existed in the US
and as new markets and new ideas (such as the US becoming more and more of a
financial market) we will need to enhance Enpower to follow suit.  Swaption
vols and asian options are two of these enhancements.

Also, it is difficult to get option data out of Enpower.  We have in stage an
option sensitivity matrix that, once implemented into production. I will be
sure that James knows about.  It probably will not solve all his problems,
but it will give him a starting place.

Stacey

	Enron North America Corp.

	From:  Sally Beck                           12/11/2000 11:00 AM

To: Stacey W White/HOU/ECT@ECT
cc:
Subject: Enpower

In cleaning up e:mails, I ran across this one that I had not yet read.  Has
James called and talke with you about Enpower?  Are his concerns in the memo
accurate?  Let me know.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/11/2000 11:03 AM
---------------------------

Fernley Dyson
11/29/2000 02:54 AM
To: Richard Causey/Corp/Enron@ENRON, Sally Beck/HOU/ECT@ECT
cc:
Subject: Enpower

Just a heads-up - a long-winded email, but please see highlighted paragraphs.
I find it hard to believe the scenario portrayed here, but stranger things
have happened - will keep you posted.
---------------------- Forwarded by Fernley Dyson/LON/ECT on 29/11/2000 08:44
---------------------------

James New
28/11/2000 13:42
To: Ted Murphy/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON
cc: Mike Jordan/LON/ECT@ECT, Coralie Evans/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT

Subject: Status update on the issues surrounding Continental Power
volatilities and correlations

As you know for some time we have been trying to get the Continental Power
traders to increase the volatilities they use for valuing their option
portfolio and for use in calculating their VAR as it has been obvious that
the market  has become more volatile but this was not being reflected in
their mark.

In looking at the impacts of this, various other issues came to light.
Firstly it raised issues over the correlation matrix used in the VAR model as
this was way out of date. We have worked with Jitendra and have now put in a
matrix that both the traders, risk and RAC are happy with. Secondly, as you
may be aware, in Portcalc swaptions currently use the volatility input on the
deal ticket and not off any volatility curve.

The current portfolio is 90% swaptions and so this represents a serious issue
for us in that it is not practical to manually change all the volatilities at
the deal ticket level every time the implied voaltilities change. We cannot
use the option functionality as this only values hourly or daily exercise
options and not fixed expiry swaptions or options. We also have not found any
way in Portcalc of valuing Asian options so we are having to 'force' in the
few we have. We have had the Houston based Portcalc IT team work on a 'new'
piece of swaption valuation code but currently it contains a number of
worrying bugs. These are primarily that the proposed code does not take the
correct underlying forward price and uses the volatility of (approximating)
the last day of the underlying rather than the implied volatility of the
underlying.

They are currently being hampered in that they do not have any IT personnel
who have sufficient option knowledge (I understand that the two most
experienced coders resigned to go to another Houston based energy company).
This is extremely worrying and I find it hard to believe that the whole of
Enron's power business is having to use the methodology of inputting the
volatility at the deal ticket level. This will almost certainly mean that
different volatilities are being used in the VAR as are being used to value
the swaption portfolio globally. As well as these issues we have concerns
over the use and accuracy of the smile adjustment in Portcalc (worryingly it
does not seem that you can 'switch' this off). Briefly it seems that Portcalc
calculates the delta used to adjust the volatility by comparing the strike
price to the forward price of the last day of the underlying rather than the
forward price of the underlying itself.

We have engaged London based  IT and are looking at the code we have used in
Power 99 to se if there is a way we can get something done quickly to start
to value all option products off a curve and to be able to book Asian options.

Once we get the above resolved we still have no way or extracting the vega or
gamma risk from Portcalc in it's current state as the information is just no
there (so we are told by IT). The system 'seems' (we cannot be 100% sure
given all the other errors) to produce a vega and gamma P&L number but what
the risk is remains a mystery. Again this is very worrying in that we have
Power option traders all over the world who can't get their underlying vega
or gamma risk position from the global valuation system. We are trying to
work on something manual to draw a line in the sand but I would really like
to know how the American based traders cope as they have this problem
(knowingly or not)  for years. What sign offs were gained for the
implementation of Enpower because it seems to us that using the current
system it is not possible to comply with the Global Risk policy. How do we
validate the inputs to the valuation if we do not know the risk ?

Despite the above we have now persuaded the traders to save out newer higher
volatilities a week ago and you should have seen a large move up in their
VAR. However, as it stands at the moment they are notable to save out a daily
remark as Jitendra is saying that he is not happy with their 'model' / vol
curve generator (I have today asked for a full explanation, details of any
testing etc etc and time lines so we can move to getting over this hurdle).
The swaptions have also not yet had the ticket volatility changed but the
impacts are expected to be positive as we are long volatility.

I would appreciate your comments on the above as it seems that we are pushing
the boundaries here on areas which we really expect to have already been
covered in Houston some time ago and could do with some help. We are having
to use a system which seems to us to have numerous bugs and short comings and
are having to spend an enormous amount of IT time overcoming the inadequacies
of Enpower wich I do not think most people are aware of. Consequently we have
not been able to deliver all the improvements we were required to do in
gaining the increased limits so 3 months ago but I would hope you agree that
it is not for a lack of trying.

Sorry it's so long but if there are any questions or any perceived
inaccuracies in any of the above then please let me know.

James


Gene Laurenson from Beatrice is scheduling Wednesday February the 6th to do measurement testing at the NGPL Trailblazer interconnect. They are bringing Don Mowrer (NNG specialist) and a specialist in from NGPL to perform the tests. They would like to see the flows stay about were they are at. (425 +) Also, he said it would be a bonus if some of the gas was being compressed up the C-line. (Currently compressing up the C & D and cracking into the B)


Here are notes on 43x that Harry Kingerski put together.

Jim

Regarding proposed rate freeze for large SDG&E customers at 6.5 cents:
Adds to DWR's burden of covering the net short positions without any further
clarification of how shortfall will be funded. The incentive these customers
now have to participate in DA and thereby remove burden from DWR is removed.
Creates incentives to increase usage and decrease conservation, exactly at
the time that just the opposite effect is desired. Rate at frozen level
removes all price signal effect in unregulated market.
These are customers who under existing law already have had choice, as an
alternative to paying market price, of 1) voluntarily opting in to a one year
6.5 cent rate freeze, with a true-up, or 2) buying commodity and risk
management products in the competitive market, as many of them have already
done, and 3) reducing usage to save money. This bill takes takes away the
last two choices/incentives.
Adopting "rates by proxy" (in a sense, indexed to PG&E and SCE rates) creates
the potential for a regulatory nightmare.
As an alternative, the Legislature should consider extending the voluntary
opt-in program under existing law. This would preserve existing protection,
keep choices available to customers, and not unduly add to DWR's burden.
I don't think that we have any real facts about usage increases due to the
bill, only the general understanding that if prices don't rise people won't
take any real action.
Jim?

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/13/2001 07:12 PM

		 To: James D Steffes/NA/Enron@Enron, Janel Guerrero/Corp/Enron@Enron
		 cc:
		 Subject: Re: san diego

----- Forwarded by Jeff Dasovich/NA/Enron on 03/13/2001 07:10 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/13/2001 07:10 PM

		 To: Janel Guerrero/Corp/Enron@Enron
		 cc:
		 Subject: Re: san diego

If you're referring to the conversation we had on today's call, it's actually
a bill by Dede Alpert (sp?) that, if signed by the Governor, would cause
demand to go up.  Were you referring to that or something more general?

Best,
Jeff

	Janel Guerrero
	03/13/2001 06:47 PM

		 To: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: san diego

is it possible to get a one-pager talking points on the san diego situation
and how the govenor is increasing the demand on the system as we head into
summer?  who can do this?


We are parking 4,875 dth/day for the 27th-30th on CNG (deal 281565) and we
are taking out 478 dth/day for the month of June (deal 281565).  ENA is
paying CNG $.04 times the total volume parked.

Angie, these volumes may go up.  I think Tenn is still trying to balance the
weekend and they are a little long.  Clarissa will let you know.


Thanks, Dennis.  If  we could get a copy of the analyst's report, it would be
very helpful.

Best,
Jeff

	Dennis Benevides@EES
	04/17/2001 09:06 AM

		 To: Tamara Johnson/HOU/EES@EES
		 cc: Neil Bresnan/HOU/EES@EES, Jeff Dasovich/NA/Enron@Enron
		 Subject: Re: platts daily for fri apr 13

We are a retainer client of PIRA.   We have access to their monthly reports
as well as information available on their website.

Dennis

Tamara Johnson
04/17/2001 08:08 AM
To: Dennis Benevides/HOU/EES@EES
cc: Jeff Dasovich/NA/Enron@Enron
Subject: Re: platts daily for fri apr 13

Dennis,
I forwarded Jeff the Friday Platt's Electric Power Daily.

The quotes are coming from Allan Stewart of the Pira Energy Group.  Do you
know if we have this group on contract/retainer so that we could see the
predictions they're making?

Please let Jeff and me know.
Jeff, if we don't have access, you probably have better contacts out there.

/Tamara
---------------------- Forwarded by Tamara Johnson/HOU/EES on 04/17/2001
08:04 AM ---------------------------
From: Jeff Dasovich@ENRON on 04/16/2001 08:30 PM
Sent by: Jeff Dasovich@ENRON
To: Tamara Johnson/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Harry
Kingerski/NA/Enron@Enron
cc:
Subject: Re: platts daily for fri apr 13

do you have access to the actual report issued by PIRA, to which the article
refers?


I would think that we should take the time to talk with local counsel or other "allies" to get a feel for the chances in AZ.  I also think that the difficulty in AZ will be a physical problem with getting transmission service - no RTO.

It would be great to have a thorough analysis of problems in every open market just to know what the issues are.

Jim

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Tuesday, October 23, 2001 5:20 PM
To:	Nord, Sue
Cc:	Porter, David V.; Keene, Patrick; Steffes, James D.; Kaufman, Paul; Hinrichs, Lance; Kingerski, Harry; Frank, Robert
Subject:	RE: APS Filing

I have received 2 calls in the last two days from EES and ENA (Lance Hinricks and David Porter) wanting to know the details of AZ electric marketing.  They are apparently revisiting things there.  So here is my reaction to the APS filing, which I had not heard about.

It is my recollection that the spin off is part of the entire-ball-of-wax settlement approved by the ACC for the APS restructuring in 10/99.  Therefore they must have filed to reopen this settlement (which was not to be allowed, of course).  The settlement, while "opening" markets, effectively keeps them closed for lack of headroom until 7/04 at the earliest.  So, if there is a commercial interest in AZ, then this filing could give us a chance to jump back in and make the arguments we made back in 99 that the settlement would not result in competition (and it didn't - time has proved us 100% correct on that) and if APS wants to change the settlement, then the non-competitive terms should be amended as well.

That said, we do not get a great reception in AZ, and it is hard to say we would have any great chance of success.  The large customers do not mind that there is no competition because they have been on a mandated rate reduction path and saw none of the price run-ups that Californians and other westerners saw last winter (at least not yet).  We would have no one on our side.

SO, it is an opening, but I would let the commercial folks tell us how much it is worth to them, given the less than great odds.

 -----Original Message-----
From: 	Nord, Sue
Sent:	Tuesday, October 23, 2001 3:53 PM
To:	Keene, Patrick; Lawner, Leslie
Subject:	FW: APS Filing

Is this something in which you think we should be engaged?

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, October 23, 2001 4:15 PM
To:	Nord, Sue; Shapiro, Richard
Subject:	RE: APS Filing

No.  Talk with Pat Keene and/or Leslie Lawner.  We haven't done much on Arizona lately.

Jim

 -----Original Message-----
From: 	Nord, Sue
Sent:	Monday, October 22, 2001 5:11 PM
To:	Shapiro, Richard; Steffes, James D.
Subject:	APS Filing

Are we (or EPSA) taking an active role in the filing APS made with the Arizona Commission to use the unregulated affiliate of its parent as the wholesale provider of last resort?  (There's an article on the filing in today's Electric Power Daily that says they've filed to push back the requirement that they purchase 100% of their power from the competitive market by 2004 to a requirement that they purchase 25% of their power competitively by 2008).

Sue Nord
Senior Director
Government Affairs
713-345-4196


Notice No. 00-390
November 13, 2000

TO:  All COMEX Division Members

FROM: M. Dawn Lowe, Vice President and Corporate Secretary

RE:  Proposed Amendments to COMEX Division Rule 4.08, "Not Held Orders"
____________________________________________________________

Attached please find amendments to COMEX Division Rule 4.08, "Not Held
Orders."

  As part of its Report on Gold Options Trading on September 28, 1999 (the
"Report"), the Commodity Futures Trading Commission ("Commission") reviewed
the current COMEX Division rules regarding not held orders.  As a result, the
Commission recommended the Exchange revise its rules to clarify its format
and more clearly define its characteristics using the corresponding NYMEX
rules as a model.  NYMEX Rule 6.15(H) provides that if a trading member
obtains agreement from the customer prior to accepting an order that it is
being accepted on a not held basis, then the trading member is not
responsible for failure to execute the order, absent fraud or willful
misconduct.  NYMEX Rule 6.16 covers orders other than not held orders, which
applies a due diligence standard to executable orders and a negligence
standard to contingent orders.  The attached COMEX rule incorporates the
Commission,s recommendations, based upon the NYMEX rules described herein.

  The COMEX Governors Committee, the Compliance Review Committee, the
Executive Committee and the Board of Directors have already reviewed and
approved the proposed amendment.

The proposed amendments to COMEX Rule 4.08 affects a Special Matter under the
terms of the COMEX By-Laws.  Accordingly, COMEX Division Members have ten
(10) days to submit a petition signed by owners of at least 155 COMEX
Division Memberships requesting a vote of the COMEX Division Members to
disapprove the amendments, pursuant to the procedures set forth under COMEX
By-Law 205(D).  If a petition is not received, or if the amendment is not
disapproved, it will be submitted to the Commodity Futures Trading Commission
(CFTC).

If you have any questions, please contact M. Dawn Lowe at (212) 299-2370, or
Thomas LaSala at (212) 299-2897.

___________________________________________________________

Brackets [  ] denote deletions, ALL CAPS denote additions:

V4.08 NOT HELD ORDERS.

 [A member may accept and attempt to execute any order in a form not
specified in Rule 4.07 ("Forms of Orders"), but a member attempting to
execute such order in a ring shall not be held responsible for his failure to
execute such order.  No member or member firm may assert a claim against any
floor member for his failure to execute such order.]

(a) NOT HELD ORDERS FOR EXECUTION ON THE TRADING FLOOR:

(1) A TRADING MEMBER WHO OBTAINS THE AGREEMENT OF HIS CUSTOMER OR HIS
CUSTOMER,S AGENT PRIOR TO ACCEPTANCE OF ANY ORDER FROM SUCH CUSTOMER, THAT
SUCH ORDER WILL BE ACCEPTED ONLY ON A "NOT HELD" BASIS, SHALL NOT BE
RESPONSIBLE TO THE CUSTOMER FOR THE EXECUTION OR FAILURE TO EXECUTE SUCH
ORDER.  HOWEVER, A CLAIM MAY BE ASSERTED AGAINST THE TRADING MEMBER BY THE
CUSTOMER AND/OR THE COMPLIANCE DEPARTMENT, IF THE EXECUTION OR THE FAILURE
THEREOF, WAS DONE FRAUDULENTLY OR BY WILLFUL MISCONDUCT.

(2) ANY ORDER ACCEPTED ON A "NOT HELD" BASIS MUST BE SO DESIGNATED ON THE
CUSTOMER ORDER TICKET AT THE TIME OF RECEIPT OF SUCH ORDER.

(b) NOT HELD ORDERS FOR EXECUTION ON NYMEX ACCESSc.  AN ELECTRONIC TRADER OR
A NYMEX ACCESSc OPERATOR MAY ACCEPT ORDERS ON A "NOT HELD" BASIS PROVIDED
THAT THEY HAVE RECEIVED PRIOR WRITTEN PERMISSION FROM THE ULTIMATE CUSTOMER.

(c) NOTHING IN THIS RULE SHALL BE CONSTRUED AS A LIMITATION OF THE EXCHANGE,S
DISCIPLINARY AUTHORITY.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-390)"

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


Just a reminder:  If you are interested in the position, have any questions about it, or would just like more information, please stop by :

INFORMATION SESSION:
West Hourly Enron Online Position (Real Time Trading Group)
Wednesday, July 25th - 4:00pm, Mt. Hood Conference Room

See below for position description.

 -----Original Message-----
From: 	Fitzpatrick, Amy
Sent:	Friday, July 20, 2001 1:32 PM
To:	DL-Portland World Trade Center
Subject:	Available Opportunity - July 20, 2001 (West Hourly Enron Online)

A position has recently become available in the Real Time Trading group reporting to Bill Williams.  Bill will be holding an information session on Wednesday, July 25, 2001 at 4:00 pm in Mt Hood for anyone who is interested in learning more about this opportunity.

If you would like to be considered for this role, please let Amy FitzPatrick know by close of business on Friday, July 27, 2001.

West Hourly Enron Online Trader

The Short Term West Hourly group is responsible for the physical and financial integrity of prescheduled energy transactions. This includes managing curtailed schedules and preserving Enron's financial rights with trading counterparties. The group is required to maintain records and update databases that explain supply or market interruptions in order to minimize customer disputes

The Hourly group interacts with the Services and Middle Marketing groups to administer terms of Service Desk contracts, which may include the selling of excess generation and/or the purchasing of energy to meet customers' requirements.  Also, each trader is responsible for gathering and reporting information on unit outages, transmission line derations and other information pertaining to all West Desk Trading activity.

The West Hourly EOL Trader will be responsible for helping to lead the transition of hourly trading of energy in the California ISO and bilateral markets to Enron Online.  The trader is expected to initiate profitable trades while managing the company's risk exposure.  The trader is expected to understand all settlements procedures and be familiar with charges related to each type of trade.  The trader will proactively work to bring new hourly customers to Enron Online and will respond to internal and external billing inquiries.  This position is anticipated to last 3-6 months, with the trader moving to a shift rotation at that time.

Description of Function
?	Trade hourly physical and/or financial products on Enron Online
?	Work closely with Services Trader to integrate service and middle marketing customer positions
?	Physically schedule trades including tagging where appropriate
?	Enter trades and reconcile company accounting system where appropriate
?	Assist in the resolution of volume/price discrepancies
?	Work closely with Information Technology and Fundamentals groups to maintain and develop Real-Time tools and systems

Requirements
?	Bachelors in Finance, Business, Accounting or related field
?	1 to 2 years of previous power trading or industry experience in WSCC is preferred
?	Excellent problem solving and communication skills
?	Working knowledge of Excel, Access, Visual Basic and SQL
?	Self motivated
Detail oriented


---------------------- Forwarded by Steven J Kean/NA/Enron on 04/03/2001
05:23 PM ---------------------------

Susan J Mara
04/03/2001 12:05 PM
To: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
cc:

Subject: EES Talking ABout Sending Back the New SDG&E Customers -- PLEASE READ

Steve and Rick,

EES is considering "re-sourcing" the new customers in SDG&E's area -- because
of the uncertainty over whether the CA Procurement Charge will apply to those
customers.  I think this proposed action needs to be evaluated from a
nationwide perspective -- this has long-term negative implications for
Enron's credibility in the DA market as a whole.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Pursuant to Sara Shackleton's request, I am attaching a memo that I prepared
in April, 2000 regarding procedures for opening brokerage accounts.

Please do not hesitate to contact either Sara at x35620 or me with any
questions.

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
Marie.Heard@Enron.com


Today WSJ article on page 1 is good example of what we try to capture. They weren't MTM'ing their junk bond portfolio and it went against them. They were also trying to increase earnings by taking on more risk, without the risk system in place. They fired cfo and are looking for a risk person!! Good reading. FYI, Rick


A shocking backlash: Power deregulation under attack: Inspired by Britain's
success, California led the United States into the brave new world of
liberalised electricity markets. What went wrong?


Today's agenda for the 4pm meeting

(See attached file: Agenda 062501.doc)

Carin Nersesian
Legislative Coordinator
Enron Corp.
1775 Eye St. NW, Suite 800
Washington, DC   20006
202-466-9144 (ph.)
202-828-3372 (fax)
 - Agenda 062501.doc


Reliant has offered to host the next meeting of the drafting committee at
their Houston offices.  I have also been asked to set up a drafting meeting
for the purpose of finishing the collateral annex.   The participants in that
process would like to hold that meeting in July in Houston.  Reliant is
willing to host that meeting as well.  Let me know if its ok to take Reliant
up on their offer to host one or both meetings.  Also, would holding both
meetings consecutively over two days make sense?    Would July work for both
meetings for everyone?  Holding a meeting in July will give ample time to
review suggested language and prepare comments.  Please let me know.

As a starting point for the optional provisions, I've attached the ones Dede
handed out at our workshop.  We still need an electronic trading platform
provision (Babak).

Andrew S. Katz, Director Industry Legal Affairs
Edison Electric Institute
701 Pennsylvania Avenue, N.W.
Washington, D.C.  20004
Voice:  202-508-5616
Fax:     202-508-5673
e-mail:  akatz@eei.org
 - TEXT.htm
 - Optional Provisions Presentation 051701.doc
 - Andy Katz.vcf


fyi
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 04/11/2002
08:05 AM ---------------------------

Garth Ripton
04/10/2002 05:13 PM
To: Hollis Kimbrough/EWC/Enron@ENRON
cc:

Subject: Wind related faults

Hi Hollis,

Here is the document that we wrote in response to Ben Bell's inquiry about
high wind faults:

I can briefly describe the "low wind" fault (#146 "turbine stopped due to
calm). The low wind set point is parameter 2.1 ("start spinning speed") which
is a generator speed reading and has a nominal value of 48 rpms. If the
generator speed falls below this value by 15% (48 - (.14*48) = 40.8 rpms) for
30 seconds then the fault occurs. The turbine will restart when the wind
exceeds 3.5 m/s with the turbine not spinning. (I'm going to check with the
control engineers in Rheine to assure my interpretation of this is correct.)

Here are some documents that describe how the parameters/set points relate to
individual faults. This document describes the faults in some detail:

This document shows the nominal values of the parameters for all turbine
types. (This is an "unofficial" version and my not match the parameter
settings in the field exactly):

This document describes the parameters in greater detail. (Some of these are
subject to interpretation so if we have questions about exactly what the
parameters do we usually have to as the engineers in Rheine for more details):

I hope this helps. If you have further questions ask me.

-Garth


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

----- Forwarded by Debra Perlingiere/HOU/ECT on 08/10/2000 09:29 AM -----

	Jeffrey McClellan
	08/09/2000 02:50 PM

		 To: Jeffrey McClellan/HOU/ECT@ECT
		 cc: (bcc: Debra Perlingiere/HOU/ECT)
		 Subject: Reminder: HAPPY HOUR TOMORROW (THURS)

---------------------- Forwarded by Jeffrey McClellan/HOU/ECT on 08/09/2000
02:53 PM ---------------------------

Jeffrey McClellan
08/09/2000 02:49 PM
To: Jeffrey McClellan/HOU/ECT@ECT
cc:
Subject: Reminder: HAPPY HOUR TOMORROW (THURS)


I tell ya Mo, it's weird.

                   HOROSCOPE:      Weekly

                   For September 25-October 1: Better
                   communication is indicated this week. Issues
                   that have bogged you down are effectively
                   addressed. Don't get up and leave until you get
                   every answer you need. Be direct and honest,
                   without losing your temper. Even if others
                   misbehave, continue pursuing what you believe
                   is right. An agreement is either out of balance or
                   no longer desirable. You CAN make
                   improvements to existing paperwork, contracts,
                   and agreements -- as long as you remain
                   friendly, respectful, and well-prepared. There
                   can be no hostility on your end, or negotiations
                   will break down.

	Enron Capital & Trade Resources Corp.

	From:  "Emily Hillegeist" <ehillegeist@hotmail.com>
09/25/2000 05:26 AM

To: Susan.M.Scott@enron.com
cc:
Subject: Re: You guys are not going to believe this...

puh-lease!   i know i just emailed you, but i had to respond.  sometimes
it's hard for me to email back in a timely manner since, w/o a laptop, i
only have computer mon-thurs.  sue, PROMISE me you WILL not sacrifice your
integrity and allow him to weasle in just b/c he has a guilty conscience.
i'm pretty sure you won't, but i'm just imagining as i sit here the stories
your mom and dad have to tell.....and that's just the tip of the iceberg!i'm
a firm believer in the one strike and you're out thoery, and of course,
based on a, his behavior in the last few weeks, b., the sage words of his
'trusty' friend kevin, who DID give your parents the time of day, c., his
behavior steak nite, and d., HIS BEHAVIOR!!!!- i'd say he's been benched.  i
wouldn't rule out an 'explanation beer', but i thinks it's time to lower the
blow, so to speak, cut your losses, and run like hell....
e

	Enron Capital & Trade Resources Corp.

	From:  "Emily Hillegeist" <ehillegeist@hotmail.com>
09/25/2000 04:49 AM

To: Susan.M.Scott@enron.com
cc:
Subject: Re: We have closure! (well, sort-of)

i have to admit, when i saw the copyline for this, i began to panic.  i
pictured you in a drunken about- to-go-over the edge rage....and then ted
stumbling onto the scene, and you unloading.  however, in lieu of the facts,
i'd say this was an unequivicable 'victory', if such a word can be used....
i think it's fair to say that you ended up w/ more on your side of the
tug-of-war rope, so to speak.  and although it's frustrating to see what
once seemed to be 'potential' turn into shit, it's easier to walk away- at
least i'd imagine it to be.  sounds like you're going to have a whirl-wind
trip- guess enron only can open the gates of hell to let you out for brief
blocks of time......isn't that kind of like the myth about persephone
escaping from hades......?  will try to plan a suitable agenda- still in
ther 'dazed and confused' period- been more concerned w/ where i can find
trash bags than hopping bars so far, but will try to fine tune my skills in
the time remaining- must go to class, but will write more later.  hate to
say it, but you prob. will be saddled w/ a care package for me from mom-
will try to make it in the 80lbs or less range....


Here is Molly Harris' latest draft of the Credit Policy.  Could you please
take a quick look at it and let me know if you see anything that would
conflict with any other policies or the LLC agreement?  Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 10/03/2000
08:26 AM ---------------------------

Molly Harris@ECT
10/02/2000 07:27 PM
To: William S Bradford/HOU/ECT@ECT, Gregg Penman/HOU/ECT@ECT,
a.huprikar@pecorp.com
cc:
Subject: MEH Credit Risk Management Policy

Please find attached Credit's last version of our Credit Policy for MEH.
Please review for comments by tomorrow.  We would want to make any final
changes and provide to Board meeting of JV on Wednesday.

Greg - what is status of legal name?  It appears to have changed.

Thanks
Molly


Charles,

I am coordinating an offer fro you. I shall call you with
the details later this week.

Vince

Charles Shen <charlesshen8@yahoo.com> on 10/18/2000 10:59:16 AM
To: vkamins@enron.com
cc: VKaminski@aol.com
Subject: message from Charles Shen at Williams

Dear Vince:

How are you?

It was very nice talking to you last Friday, I was
very impressed by your group, and very interested in
this opportunity.

If you need any additional information, please feel
free to call me at 918-409-4308, I look forward to
hearing from you very soon. Thank you.

Sincerely,
Charles

__________________________________________________
Do You Yahoo!?
Yahoo! Messenger - Talk while you surf!  It's FREE.
http://im.yahoo.com/


Attached is PIRA's latest "Electricity Daily Demand Forecast."

If you have any questions regarding the report's content, please contact
Morris Greenberg (email: morris@pira.com) or Victoria Watkins (email:
vwatkins@pira.com), at (212) 686-6808.

Contact John Graziano regarding PIRA report distribution and address changes
at (212) 686-6808, email: support@pira.com.

NOTE: Circulation of the "Electricity Daily Demand Forecast" outside a
Client's licensed distribution area is strictly prohibited. Clients that are
unsure of their licensed distribution or require an extension of their
current license should contact their PIRA sales representative, or email to
sales@pira.com.

PIRA Energy Group

 - ed060701.pdf
 - ed060701.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/26/2001
04:38 PM ---------------------------

Vince J Kaminski
01/19/2001 08:52 AM
To: "Wydawnictwa Naukowo-Techniczne" <marketing@wnt.com.pl> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, vkaminski@aol.com
Subject: Re: zakup ksiazki w WNT - "Inzynieria finanasowa"

Dziekuje za szybka  odpowiedz. Czy mozliwa jest platnosc czekiem?

Jako alternatywne rozwiazanie prosze podac mi cene w zlotych i moja rodzina w
kraju
dokona przelewu.

Prosze o kopie odpowiedzi na adres:  vkaminski@aol.com.

Dziekuje.

W. Kaminski

"Wydawnictwa Naukowo-Techniczne" <marketing@wnt.com.pl> on 01/19/2001
10:09:27 AM
To: <vkamins@enron.com>
cc:
Subject: zakup ksiazki w WNT - "Inzynieria finanasowa"

Uprzejmie informuje, ze ksiazke wyslemy po  wplynieciu na nasze konto
odpowiedniej kwoty. Kwota ta zawiera wartosc ksiazki  (13,75$), koszty
bankowe (5$) oraz koszty pocztowe (6,5$ lub 11 $).
- Przy przesylce droga morska prosze wplacic  15,25 $
- Przy przesylce lotniczej prosze wplacic  29,75$
Nietety, nie mamy mozliwosci technicznych  pobrania oplaty karta kredytowa.
Fakture wysylam poczta.
Nasze konto: PBK S.A. III  O/Warszawa
????????????????????11101024  - 401020003963
Nazs adres: Wydawnictwa Naukowo-Techniczne,  Mazowiecka 2/4, 00-048 ??? ????
Warszawa,  Polska
Serdecznie pozdrawiam
Grazyna Piesniewska


-----Original Message-----
From: 	Barnes, Lynnette
Sent:	Tuesday, August 07, 2001 10:34 AM
To:	Steffes, James D.
Subject:	RE: New Report on Lessons from California

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, August 07, 2001 9:53 AM
To:	Barnes, Lynnette
Subject:	FW: New Report on Lessons from California

Can you please get a hard copy for me?

Jim
 -----Original Message-----
From: 	"Samantha Slater" <SSLATER@epsa.org>@ENRON [mailto:IMCEANOTES-+22Samantha+20Slater+22+20+3CSSLATER+40epsa+2Eorg+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 01, 2001 11:22 AM
To:	bhueter@enron.com; Linnell, Elizabeth; Kingerski, Harry; jmigden@enron.com; jsteffe@enron.com; Robinson, Marchris; Petrochko, Mona L.; Kaufman, Paul; rboston@enron.com; rshapiro@enron.com; snord@enron.com; steve.montovan@enron.com; Landwehr, Susan M.; Chapman, Tom
Subject:	Fwd: New Report on Lessons from California

FYI.

Samantha M. Slater
Manager of State & Regional Affairs
Electric Power Supply Association
1401 New York Avenue, N.W.
11th Floor
Washington, D.C.  20005
Phone: 202-628-8200
Fax: 202-628-8260
E-mail: sslater@epsa.org
Received: from femail27.sdc1.sfba.home.com	by mail.epsa.org; Wed, 01 Aug 2001 08:18:30 -0400
Received: from cc470486-a ([65.8.222.90]) by femail27.sdc1.sfba.home.com          (InterMail vM.4.01.03.20 201-229-121-120-20010223) with ESMTP          id <20010801121806.MXGF553.femail27.sdc1.sfba.home.com@cc470486-a>;          Wed, 1 Aug 2001 05:18:06 -0700
Message-Id: <4.2.0.58.20010801081608.00ca48a0@mail>
X-Sender: hirstea@mail
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Date: Wed, 01 Aug 2001 08:16:55 -0400
To: Eric@EHirst.com
From: Eric Hirst <Eric@EHirst.com>
Subject: New Report on Lessons from California
Mime-Version: 1.0
Content-Type: multipart/alternative;	boundary="=====================_640249==_.ALT"

Dear Colleague,
The Edison Electric Institute just published a paper, The California Electricity Crisis: Lessons for Other States, which I wrote. The paper is available on the Publications page of my website, www.EHirst.com << File: http://www.ehirst.com/ >> . Please let me know if you have any comments on the paper.
Here is a summary of the paper:
        California was supposed to show the rest of the nation a brighter electricity future. That future, as outlined by the California Public Utilities Commission in 1994, envisioned an electricity industry featuring competitive markets. Such markets were intended to produce lower costs and more choices for consumers, while ensuring profits for efficient energy suppliers and encouraging the retirement of old, inefficient power plants.
        Although the first two years of restructuring (beginning in April 1998) seemed to bear out these promises, the last year has been a disaster for California's electricity consumers, taxpayers, and electric utilities. Part of the fallout from California's electricity crisis is considerable concern-even opposition-in other states to restructuring the electricity industry.
        Although a few states have decided, based on the California experience, not to restructure, I believe that is the wrong outcome. Instead, the primary lessons other states should learn from California are that competitive markets can work; competition is not to blame for California's problems; and basic economic principles of supply, demand, and prices affect market outcomes.
        Section 2 of this paper briefly reviews the history of electricity regulation and restructuring in California and the problems that occurred beginning in May 2000. Section 3, the heart of this paper, offers guidance to other states on the key ingredients of a competitive electricity industry. This section makes several points:
Maintain a favorable investment and regulatory climate for new generation to ensure that enough generation capacity is online and planned to meet growing loads.
Ensure that enough infrastructure (transmission capacity and natural gas pipeline capacity) is in place and planned to meet growing loads, maintain reliability, connect new generators to the grid, support large regional markets, and provide fuel to power plants.
Encourage retail customers to participate in dynamic-pricing and voluntary-load-reduction programs (i.e., couple retail and wholesale markets).
Create honest retail competition: avoid standard-offer rates with artificial discounts and create conditions that encourage many companies to offer retail services without favoring individual competitors.
Encourage electricity suppliers to manage and diversify their supply and price risks.
Create efficient and integrated wholesale markets for energy, ancillary services, and transmission congestion.
Monitor and minimize horizontal market power (generation) and vertical market power (combined ownership and operation of generation and transmission).

        Ultimately, competitive markets for electricity will lower costs and prices, better align consumer prices with producer costs, improve producer efficiency in both investment and operation, maintain or improve reliability, and yield greater innovation in customer services and pricing options.
        But, this transition from one industry structure to another is turning out to be long and complicated. It is complicated because electricity is so important to our modern, high-tech society; electricity is our most flexible fuel, providing light, heat, motive power, and the energy to operate all our electronic equipment. Also, electricity truly is a real-time product for which production and consumption must occur at the same time.
        Although the problems that have occurred in California are substantial and worrisome, regulators and legislators in other states should focus on the long-term benefits of competitive electricity markets and accept the possible short-term problems that may occur. They also need to recognize that wholesale markets are regional in scope and extend far beyond the boundaries of any single state. Finally, competition in retail and wholesale markets must be coordinated; in particular, it is not possible to have competitive wholesale markets unless at least some retail load faces time varying prices.
        If states restructure properly to create competitive markets for wholesale energy and retail services, we should all benefit. Consumers will enjoy lower prices, they will have many more choices of energy services and price-risk tradeoffs, reliability will be improved because most reliability services will be obtained through markets instead of by engineering edict, and the financial risks associated with building and operating power plants will be assigned properly to investors rather than consumers.
Eric
----------------------------------------------
Eric Hirst
Consulting in Electric-Industry Restructuring
106 Capital Circle
Oak Ridge, TN 37830
(865-482-5470 (phone & fax)    :Eric@EHirst.comhttp://www.EHirst.com << File: http://www.ehirst.com/ >>