Lou,

Did someone do a PUHCA analysis in connection with the Peoples/Enron LLC
formation?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 11/09/2000 09:36
AM ---------------------------
From: Joel Ephross on 11/08/2000 08:21 PM
To: Kay Mann/Corp/Enron@Enron
cc: tim.proffitt@enron.com

Subject: Re: Enovate

Hi Kay.
I undestand that Tim Proffitt is now working on this on the business side.
Since I understand that Peoples is a utility, I wanted to understand the
PUHCA analysis on the Enovate entity. Who handled this -- was it Phil Kinkaid
at V&E?

	Kay Mann
	11/06/2000 12:02 PM

		 To: Joel Ephross/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Enovate

Joel,

Mary Lynn Ruffner has been involved, but to my knowledge has not reviewed the
documents.  Matt Gockerman handles most of the tax stuff for enovate.

As for the structure, the commercial focus is on keeping things as simple as
possible.

If Sarah doesn't have a copy of the LLC agreement, I can get you one.

Lou Stoler was involved in the formation of enovate, although I coordinate
most of their legal issues now.

I've seem a preliminary DASH, but I don't know where it sits now.

Hope this helps.

Kay

From: Joel Ephross on 11/06/2000 11:22 AM
To: Kay Mann/Corp/Enron@Enron, Sarah Wesner/Corp/Enron@Enron
cc:

Subject: Enovate

i faxed comments on the CA and note to Heather at Bracewell earlier today.
Would like to see copies of the LLC Agreement and the propsed guaranty.

Who from tax and accounting is reviewing this deal?

Is there a reason for member guaranties rather than equity funding agreements
or note purchase agreements or any other structure?

Is a DASH/GASH prepared?

Who in legal handled the formation of the Enovate entity? [just in case I had
questions about structure, etc.]


Start Date: 4/29/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042903.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 3 / Preferred:  13.00 / Final:   9.16)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/29/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: FIRM

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 3 / Preferred: 194.00 / Final: 190.19)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/29/01
  TRADING_SC: APX1
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 3 / Preferred:   4.37 / Final:   4.34)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/29/01
  SC_ID: EPMI


Also quite a lot about how lax FERC is in using what subpoena powers it does
have to get information it needs to really see what's going on.

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 06/04/2001
05:19 PM ---------------------------

Nancy Bagot@ENRON
06/04/2001 04:17 PM
To: Shelley Corman/Enron@EnronXGate, Mary Kay Miller/ET&S/Enron@ENRON, Drew
Fossum/Enron@EnronXGate, Robert Kilmer/Enron@EnronXGate, Janet
Butler/Enron@EnronXGate, Dari Dornan/ET&S/Enron@ENRON, Glen
Hass/ET&S/Enron@ENRON, Bambi Heckerman/Enron@EnronXGate, Frazier
King/Enron@EnronXGate, Teb Lokey/Enron@EnronXGate, Dorothy
McCoppin/Enron@EnronXGate, Ray Neppl/Enron@EnronXGate, Maria
Pavlou/Enron@EnronXGate, Janet Place/Enron@EnronXGate, Michele
Winckowski/Enron@EnronXGate, Joe Hartsoe/Corp/Enron@ENRON, dbva@radix.net,
Linda Robertson/NA/Enron@ENRON, Lora Sullivan/Corp/Enron@ENRON, Ray
Alvarez/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, John Shelk/NA/Enron@Enron, Pat
Shortridge/Corp/Enron@Enron, Carin Nersesian/NA/Enron@Enron, Rebecca W
Cantrell/HOU/ECT@ECT, Leslie Lawner/NA/Enron@Enron
cc:
Subject: San Jose article Criticizing FERC

Attached is a two-part series article (from this past Saturday and Sunday)
from the San Jose Mercury News on FERC, the energy crisis, and FERC's
inability to monitor the markets (and it's cozy relationship with industry).
Apparently it is making the rounds at FERC and causing quite a bit of agita...

I've read through Part 2, and so far it's all on the power side, but there
are quite a few FERC staff, both policy, enforcement and economists,
mentioned and criticized.


We have received your request and have updated our system to reflect your
preferences.

If you ever wish to change your delivery options again, just follow these
steps.  Logon to your E*TRADE account, click the Account Services tab, and
then the Set Delivery Options link on the left navigation bar.

Thank you for investing with E*TRADE.


Joe,

I am forwarding you the information about the student from Stanford of
Japanese ancestry interested in Enron.

He lives currently  in California.

Vince Kaminski
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:23 PM ---------------------------

Vince J Kaminski
10/20/99 07:07 AM
To: hoshino@leland.Stanford.EDU
cc: Celeste Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT
Subject: Re: Thank you for the e-mail.

Taiichi,

Thank you for your messsage. I shall forward to our Analyst/Associate
program and a few other units of Enron.

Vince Kaminski

hoshino@leland.Stanford.EDU on 10/19/99 09:14:05 AM
Please respond to hoshino@leland.Stanford.EDU
To: Vince J Kaminski/HOU/ECT@ECT, vkaminski@aol.com
cc:
Subject: Thank you for the e-mail.

Dear Vince Kaminski

Thank you so much for the kind invitation for the meeting.

I have been always inspired by and having respect for the
recent revolutionary achievements of Enron in the energy markets
My former employer McKinsey Tokyo in fact featured
your company*s success in the last Quarterly, and it clearly states
(in Japanese though) that the quantitative research capability at Enron
is now at the world*s top level, which has been always behind the scene.

I am extremely honored to receive the email from you and in fact
interested in knowing the opportunity of working in the energy field;
However, very unfortunately I will have to come back to Japan, or at
least to the East Asian region,  upon graduation due to an inevitable
family reason. My wife*s father passed away recently and an old
mother-in-law is now left alone without relatives. I understand that
Enron has not yet embarked on the next big project of freeing
the outdated Japanese energy market, (which by the way I strongly
hope ) so I may not have a very good chance of making contribution
at your company right now.

Lastly, if you need a staff in Tokyo in some future who understands
 both the risk management analytics at the F622 level and the local
language and business custome better than average, please contact
me any time.  I will be happy to assist as much as possible.

Yours sincerely,

/~/~/~/~/~/~/~/~/~/~/~/~/~/~/~

Taiichi Hoshino
Ph.D. Candidate
Engineering Economic Systems & Operations Research
Graduate School of Engineering
Stanford University

The Shadows APT#171
750 North Shoreline Blvd.
Mountain View CA94043
TEL/FAX)650-960-1993

/~/~/~/~/~/~/~/~/~/~/~/~/~/~/~


More requests from Paul Heath.  I'm still trying to contact Rob Stephens and
Kelly Mahmoud for the bulk of the documents on Paul's original list.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)

----- Forwarded by Linda R Guinn/HOU/ECT on 08/02/2000 03:37 PM -----

	"Heath, Paul" <pheath@velaw.com>
	08/02/2000 03:32 PM

		 To: "'linda.r.guinn@enron.com'" <linda.r.guinn@enron.com>
		 cc:
		 Subject: FW: ENA/Egogas

> -----Original Message-----
> From: Heath, Paul
> Sent: Wednesday, August 02, 2000 3:27 PM
> To: 'linda.guinn@enron.com'
> Cc: Richard Sanders (E-mail)
> Subject: ENA/Egogas
>
> Linda-
>
>  I have reviewed the documents that you sent to me on July 31, 2000.
> Based on this review, please send to me the following additional
> documents:
>
> 1. All contracts and agreements referred to in the 11 projects schematics
> that were included in the July 31 package including but not limited to all
> landfill owner/GASCO contracts, GASCO/GENCO contracts, GENCO/purchaser
> contracts, organizational documents, guarantee documents, notes and bond
> documents.
>
> 2. All organizational documents with Medio Creek LLC, Ecovest Nelson
> Gardens LLC, Dallas Landfill Gas Production LLC, Bridgeton Gas Producers
> LLC, St Louis Gas Producers LLC, Ecogas McCommas Bluff and Freshgas LLC.
>
> I will need the forgoing documents in addition to the many documents
> listed in my July 20 e-mail to Richard Sanders that were not included in
> the July 31 package.
>
> Many thanks for your help on this matter.
>
>
> Paul Heath
> Vinson & Elkins L.L.P.
> 3700 Trammell Crow Center
> 2001 Ross Avenue
> Dallas, Texas 75201-2975
> Phone 214.220.7976
> Fax 214.999.7976
> E-mail pheath@velaw.com
>
> PRIVILEGED AND CONFIDENTIAL
> Contains attorney-client communications and or attorney work product
>


Chris,

Just so I'm clear....you want to change this deal from Waddington to CNG/North, is that correct?  If that is, this deal is not booked anywhere in TAGG for the term at waddington.  It is all booked at the customer price of Tetco/M3.  If you are actually changing the physical location, the p&l changes will only be seen on a monthly basis, not for the forward positions.

I will come over after trading to talk to you.

Thanks,

Kam


You have received this email because you are listed as a security approver.
Please click
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Approval to review and act upon this request.

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Just a quick note about the free agent and bye week replacements for this
year.  The free agent draft will be held Thursday at 1pm.  You will have
until 1pm to submit your free agent requests to me at mcuilla@enron.com.  You
should include who you want, who you want to drop and the amount of points
you want to bid.  You can bid 0 points for a free agent however if someone
bids 1 point you will lose.  In the case of a tying bid the two teams will
have an open bid to determine who gets the player.  Everyone will start with
100 points and you more points based on your weekly finish (1 point for
highest score and 12 points for lowest score).


Brent:

Thanks very much for this report - these are VERY helpful in keeping me up to
date on what's happening in your part of the world.

Mark

From: Brent Hendry AT ENRON_DEVELOPMENT@CCMAIL on 02/16/99 08:41 AM
To: Mark E Haedicke@ECT, Mark - ECT Legal Taylor@ECT, Randy Young AT
ENRON_DEVELOPMENT@CCMAIL
cc: Dan J Hyvl@ECT, Jeffrey T Hodge@ECT, Jordan Mintz@ECT, Harry M
Collins@ECT, Stephen W Van Hooser@ECT, Bob Carter@ECT, Julio Casillas@ECT,
Susan Musch AT ENRON_DEVELOPMENT@CCMAIL, "Andrea Calo/ENRON_DEVELOPMENT" AT
ENRON_DEVELOPMENT@CCMAIL, Sue Frusco AT ENRON_DEVELOPMENT@CCMAIL
Subject: BA Project Report

Importance:  High
---------------------------------

Here is my list of some of the projects/contracts Andrea and I are involved
in or working on (recent comments are in bold):
TGS Secured Credit Facility--(Issue raised  by Don Black regarding the
feasibility of pledging linepack gas.  We need to check with Robert George on
this issue.)

Imbedded Capital Contracts--(Scott Porter raised the issue of developing a
new form of template with Andrea and asked that we discuss the issue with
Robert George.)

Distribution Contracts--The commercial group would like to have preapproved
distribution contract forms available to give to customers so that the
customer can submit them to the distribution company when electing a
commercial bypass.  Only two distributors have had their form approved by the
ENARGAS.  We are looking into what we can offer to our customers in the other
distribution territories to speed the process of finalising distribution
contracts with the LDCs to avoid long delays.

ENARGAS Expedientes--ENARGAS has issued an order to Enron to amend three of
its gas contracts to modify references to firm transportation and to unbundle
the pricing.  The ENARGAS also sent a letter to our customers which we feel
overstepped their regulatory role.  The meeting between Roberto Pensoti and
Hector Formica was held last Thursday.  Roberto had a follow up phone
conversation with Hector on Friday and had a meeting Monday morning with
Alicia Federico to get a feel for the amount of resistance we will get. We
have been given a 30 day extension to respond to the order in order to have
meetings with the ENARGAS and try to come to some resolution on this issue.
The first meeting will be scheduled early next week.

Neuquen Tax Assessment--Andrea has faxed or emailed the pertinent information
regarding the stamp tax assessment on the Technical Assistance Agreement
between TGS and EPCA to George Frumkin, Anna Sepulveda and Michelle Blaine
who will co-ordinate with TGS and Perez Companc on the strategy for
responding to the assessment.  Michelle will call TGS outside counsel today
in order to hire him to also represent EPCA.  EPCA has filed its response to
Neuquen using the arguments prepared by TGS on January 27.  Michelle Blaine
has requested information regarding what the next step by Neuquen might
possibly be.  We will look into the issue.

Tax Lobbying--Jordan Mintz and Terry Thorn are proposing a series of meetings
with government officials in late February and have asked Carlos Bastos to
see if he can also arrange a meeting with Mr. Lenicov at that time.  Issues
include determining whether the stamp tax and turnover tax issues can be
lobbied at the national level or only at the provincial level.  There is a
proposal that was floated that the turnover tax could be included in the VAT
tax scheme which might solve the problem with the turnover tax.  The focus of
the meetings is to determine how a lobbying strategy can be developed and who
should be involved in the actual lobbying process.  Jordan Mintz is handing
off the responsibility he had assumed on this issue to Jim Ginty.  Jordan has
asked Carlos Bastos to see if he can set up a meeting with Mr. Lenicov on
March 11th or 12th since Terry Thorn can be in Buenos Aires on those days.

Transportation Capacity Release Guidelines--Must review and comment on new
ENARGAS proposed guidelines by February 5.  Comments were made on February 5.

Vandenfil--Vandenfil has filed for a pre-bankruptcy proceeding which has not
yet been "opened" by the court due to the January recess.  For the last three
months Vandenfil has made their payments only after our sending them
termination notices with a two business day cure period.    The most likely
scenario during the preliminary bankruptcy period is that our contract will
be "continued" by the trustee giving us a priority in payment for ongoing
deliveries of gas.  After the preliminary bankruptcy is opened if we have not
been served notice that our contract is "continued" within 30 days we would
be allowed to terminate the contract.  One of the risks that we face with
this customer is that they may argue to the trustee that we cannot terminate
the contract claiming we are providing a public service.

Imasa Bid--Format of Enron's original proposal structure changed.  Enron and
Albanesi submitted joint termsheet to Central Puerto in November  where Enron
proposed signing two contracts with Central Puerto, one for the supply of all
the gas transportation and another for the supply for 60 percent of the gas
requirements and Albanesi proposed two contracts, one for supplying 40
percent of the supply of the gas and another for the building of the pipeline
spur.  Central Puerto is studying the proposals and has not responded as of
January 25, 1999.

Dow Pipeline Spur Feasibility Study--Enron and Dow are studying the
feasibility of building a pipeline between TGS and two affiliates of Dow.
Issues include determining whether our CEIASA shareholder and owners
agreements preclude Enron from building spurs for end users and whether spurs
that serve more than one customer can be built under current regulatory
guidelines.  Andrea will be putting together a short report based on her
meeting with Nestor Martinez.   A team meeting consisting of legal,
regulatory, commercial, credit and structuring met yesterday to discuss the
broad parameters of the Dow spur proposal.  The commercial group is preparing
a first draft of a build, operate and finance termsheet that they would like
to present to the customer on Thursday to be reviewed by Robert George.
Credit is still doing its analysis of the two proposed counterparties.

Contract Review--Preliminary gas contract reviews for Central Puerto and Ave
Fenix for Rob Rice and Federico Cerisoli.

Gas Deals:
Chauvco--20 day gas supply contract being drafted
Cerro VanGuardia--Amendment to the gas sale agreement being drafted to cover
negotiated changes to the take or pay provisions.
Bagley--Two Offer letters sent to two Bagley entities for review, Enron was
not the low bidder.  I have been asked by to look into how other "marketers"
are avoiding the turnover tax and thus be more competitive than we are.  The
customer is looking at the relative risks between firm distribution and
interruptable distribution but is running up against a deadline for actually
requesting a contract template for distribution services.  The contract is
slated to begin March 23, however, the distributor has 30 days to respond for
requests for distribution services.
Total--Spot master agreement proposed for transactions out of Neuquen.  Short
term draft offer for gas out of Chubut being reviewed by Total.  A separate
one year supply contract template supplied by Total is being reviewed.  The
customers template contains the same type of language that gave us Antitrust
trouble in the PCR contract.  Peidra Buena--Gas sale agreement for peaking
gas.    Final offer sent and Gas has started flowing.  We are now working on
a one year contract.  A termsheet has been sent to the customer.
Dow--Negotiating offer letter format for sale of gas to two Dow affiliates.
Gas deal is related to but independent of the spur issue.  A mark up of draft
has been received the end of last week, Dow indicates that further comments
are to be sent soon.

Power Deals:
We need to draft an output marketing form of contract for the purchase of
electricity.

Argentine Signatories:
Scott Neal has approved a new structure for signatories in Argentina.  I will
work with Hope Duggan firm on the new POA's.


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of ENA Public Relations@ENRON
Sent:	Friday, June 08, 2001 8:18 AM
To:	All_ENA_EGM_EIM@ENRON
Subject:	EnTouch Newsletter

BUSINESS HIGHLIGHTS

eSource
eSource, Enron's research group, has experienced an overwhelmingly positive response to the research training which it has hosted.  Participation and interest by Enron employees has exceeded expectations and many classes were quickly filled.  As a result, repeat classes have been offered and new sessions have been added to the program.  In addition to the Lexis-Nexis and Dow Jones classes, eSource has now begun hosting sessions on Piranha (financials and pricing information), Investext (analyst reports and market analysis), Global Access (financials and corporate activity), and Securities Data Corp. (M&A, debt).   eSource has also arranged long distance sessions using interactive web tools for Enron employees around the world.  Watch for e-mails announcing new training sessions, either in Houston or in a virtual desktop mode.

Since our launch in December, the eSearch website has received over 230,000 hits.  The site today offers Enron employees access to 34 electronic databases.  These databases offer the latest financial and business on-line research capabilities in a cost-effective manner.  In this era of information explosion, databases are constantly being reviewed to ensure that Enron's research needs are being met.  If you know of a professionally relevant database that might be added to eSearch, let us know.  Meanwhile, to further fulfill Enron's research needs, eSource is arranging for desktop access to good-old-fashioned libraries too.  Books from public and local university libraries can be located, borrowed and delivered to employees' desks.  This should be particularly helpful for those with more specialized or technical research needs.

We are also proud to report that at a recent local research conference, Enron's eSource was featured as an industry trailblazer for having invented itself into a combined virtual library and intranet-based research center capable of delivering a broad range of research products and services via the user's desktop.  Attendees from Reliant, Shell, Halliburton and ExxonMobil and others were duly impressed.

As for the future, watch for Version 2.0 of the eSearch website, http://esource.enron.com, scheduled to launch soon.  It will feature greater functionality and additional content.  Look for new features like "Industry Overviews" and links to information providers like Frost & Sullivan, Country Watch, and World Energy Markets.

IN THE NEWS

Chicago And Its Suburbs Pick Enron, ComEd For Power Deals
06/06/2001  Dow Jones Energy Service (Copyright (c) 2001, Dow Jones & Company, Inc.)
CHICAGO -(Dow Jones)-The City of Chicago and 47 suburban communities have decided to divide new deals for 400 megawatts of power between Enron Corp. (ENE) and local utility Commonwealth Edison Co., Chicago officials said Wednesday.
In the largest power purchase agreement in Illinois since the state choose to deregulate the industry in 1997, the local government groups will get 60% of their power from Enron and 40% from Exelon Corp.'s (EXC) ComEd. The municipalities use the power for public buildings and public transportation.
Chicago announced Monday that the group has picked ComEd to meet the renewable target by providing 80 megawatts of power created with landfill gas, wind and other sources. ComEd will also provide the coalition with another 80 megawatts of power generated with fossil fuel and nuclear plants, and Enron will provide the other 240 megawatts. The new contracts are expected to go into effect this year.
"We used our purchasing power as local governments to get the best price we could and at the same time to promote competition in Illinois. Enron gave us the most competitive price,"  Chicago Mayor Richard M. Daley said at a press conference.

WELCOME
New Hires
EGM  - Jennifer Morris, Mike Reen, Daniel Fuller, Jason Paterniti
ENA  - Craig Hawkins, Carol Langston, Mark Morrow, Harlan Murphy, Bruce Petitt, Emily Schwarzbach, Alice Wright, Allyson Zykorie

Transfers (to or within)
ENA - Thomas Kalb, Debra Brannen, Juan Camarillo, Richard Orellana
EGM - Joana Bekerman, Eric Tipp, Kellie Metcalf, Ricardo Charvel, Jason Andrade
EIM - Jaime Araoz, Gabriel Chavez, Enrique Cadena, Rosalinda Castillo, Kimberly Chick, Ana Morena, William Brown, Grisela Escamilla, Paul Burkhart, Jodi Coulter, Douglas McDowell, Catherine Pernot

NUGGETS & NOTES

Enron is hosting the Chicago Energy Risk Management Seminar at The Drake Hotel in Chicago on June 14, 2001.  Topics include: Power Outlook, Natural Gas Outlook, Hedging Strategies, Weather Risk Management and Pulp and Paper Risk Management. The RSVP deadline is June 8th so please contact Laura Pena as soon as possible at x 3-5376.  This is a great event for "new" as well as established customers.  There will be a cocktail reception immediately after the presentations.  Enron will also be hosting seminars in Atlanta, Houston, Denver and San Francisco.  Dates to be announced soon.

Congratulations to Kathy and Craig Taylor, manager in East Origination. They are the proud parents of a baby girl, Katherine Montgomery, born on May 25.

Travel tip of the week:
When booking through TAP or ClickTrip, use preferred domestic airline carriers to recognize special Enron discounts.
	American		28%		American West		15%
	Continental		17%		Delta			10-28%
	Northwest		20%		TWA			19-25%
	United			20%		US Airways		30%

Please note: discounts are confidential and should not be disclosed to anyone other than Enron employees.

EnronOnline Statistics
Below are the latest figures for EnronOnline as of June 5, 2001.

*	Total Life to Date Transactions > 1,045,000
*	Life to Date Notional Value of Transactions > $630 billion

experience Enron
Announcing enhancements to experience Enron:
?	To begin your customer's Enron experience, we will send out customized invitations with a Guest Check-In Card that contains detailed instructions about check in.
?	experience ENRON has partnered with the Plaza Reception Desk Staff to create a less stressful check in process for your customers.  Once they present their card, the Plaza Reception Desk Staff will welcome them and present them with a prepared experience ENRON name badge.
?	experience ENRON has also created a new look for your meetings.  Our new table tents, welcome folders, name badges, agendas and presentation templates all have the same look to maintain a consistent feel throughout the visit.
?	All of this is to ensure that your guest has a unique and customized experience that will exceed their expectations and help you reach your business goals faster.
For more information on experience ENRON, visit our website at experience.Enron.com.

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


F.Y.I.

Clinton Seeks Stepped-Up Power Probe --- Surging Prices for Electricity In
California Spur Move;
Emergency Loans Planned
By Rebecca Smith and John J. Fialka
Staff Reporters of The Wall Street Journal

08/24/2000
The Wall Street Journal
A3
(Copyright (c) 2000, Dow Jones & Company, Inc.)

WASHINGTON -- The Clinton Administration and federal energy regulators
stepped up efforts to respond to a
politically disastrous rise in California electricity prices, threatening to
go as far as re-regulating some prices if they
determine that the free-market experiment in the state has failed.

The moves by federal authorities come as California regulators and lawmakers
scramble to come up with an
expedient solution to high power prices in the San Diego area, where monthly
bills have in some cases quadrupled
since last summer.

In a 21-page order issued yesterday, the Federal Energy Regulatory Commission
said that under the Federal Power
Act it can intervene to limit the prices charged by generators to the
California market -- if it determines the prices
they are charging aren't "just and reasonable," and the market is not
"workably competitive."

The order accompanied an upgrade of the FERC's effort from a staff probe to a
formal investigation, requested by
President Clinton, who also yesterday extended $2.6 million in federal
emergency loans to low-income residents in
the San Diego area to help pay their electric bills.

"There is a crisis of confidence in California wholesale electricity markets
that threatens to erode the political
consensus necessary to sustain a market-based approach to regulation,"William
Massey, one of four FERC
commissioners, said yesterday in an opinion attached to the order. "In these
circumstances, the FERC must act
forcefully and decisively to . . . insist that jurisdictional wholesale
markets produce consumer benefits and just and
reasonable rates."

As prices have risen, power generators such as Duke Energy Co., the local
utility, San Diego Gas & Electric Co.
and public officials have all pointed the finger at one another for what
appears to be a badly flawed market. California
governor Gray Davis, who is pushing for local legislation that would lower
bills and accelerate power-plant
construction, yesterday said "out-of-state generators" were most responsible
for "bringing San Diego residents to
their knees."

FERC's action yesterday originated in a complaint filed Aug. 2 by San Diego
Gas & Electric Co, a unit of Sempra
Energy, the utility whose customers have riased the most outrage over the
rate rises.

The utility sold off its plants and now buys all the power its customers use
out of a state-sanctioned auction,
passing those market costs directly through to its customers.

Steve Baum, Sempra Energy chairman, said FERC's action is a warning to
generators "that the prices they've been
receiving are now at risk." He expects FERC to eventually issue a ruling that
California's market isn't competitive,
setting the stage for a possible return to cost-based rates in periods of
high demand. Prior to deregulation in 1998,
the rates utilities charged for electricity were based on their underlying
cost. Deregulation allowed them to charge
whatever the market would bear.

Mr. Clinton said the the FERC investigation would allow Washington to "better
understand" what is happening in the
California market so the government can protect consumers there and in other
deregulated states.

While politicians and regulators seek solutions, wholesale power prices in
California are becoming more aberrant.

Even on days when consumption and prices normally drop, such as Sundays,
prices have been stubbornly high this
summer. For example, the auction price of electricity to be consumed at 10
p.m. last Sunday was $125.48 per
megawatt, or more than four times the price such power commanded on the third
Sunday of August in 1999. The
markup is especially noteworthy because actual demand on that day was 12%
lower than on the comparable day a
year earlier.

"A number of people are looking at the high prices trying to figure out
what's going on," says Jesus Arredondo,
spokesman for the state-sanctioned entity that runs the state's day-ahead
energy auction, the California Power
Exchange in Pasadena, Calif.

These prices have remained high despite the best efforts of public officials.
For instance, the organization that runs
the state's electric grid and is responsible for keeping consumers constantly
supplied with electricity has reduced
the maximum price it will pay for electricity this summer to $250 per
megawatt hour from $750. While this action
has capped peak prices, it has also caused an increase in the overall number
of hours in which prices are
abnormally high.

Take yesterday for instance. Prices for power in California never dropped
below $108 per megawatt hour, even for
power contracted for delivery in the dead of night, and the hourly price was
at or above $200 in 13 of 24 hours
despite only moderately high demand.

California's problems are likely to step up pressure on Congress to pass
omnibus legislation which would provide
uniform national rules for deregulated state energy markets and make more
efficient the interstate
power-transmission system, Mr. Clinton said yesterday.

The administration has pushed for such a measure but the House Commerce
Committee, which has jurisdiction
over the legislation, still appears deadlocked on the details. It plans to
hold a hearing in California on
electricity-market conditions there next month.

---

Marc Lifsher contributed to this article

---

Journal Link: See video of President Clinton announcing emergency funds to
help low-income families in California
pay electricity bills, in the online Journal at WSJ.com.

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


Attached for your review is the current agenda for the Management Conference.  While there are a few remaining speaking slots to be filled, I wanted to give you each an opportunity to comment on it.  We plan to send an email invitation to Enron management early next week with a link to an online registration website.  The agenda will appear on the website.

Also, please note that each of you are scheduled to speak at the conference.  This is in direct response to feedback received after last year's conference that attendees want to hear more from Enron leadership.  I'll be working with Steve Kean and his team over the next few weeks to develop potential messages.  Steve, Cindy and I will schedule time with each of you to discuss proposed messages for your individual presentations.

I look forward to any feedback on the agenda.

Regards,
Terrie James
Senior Director, Public Relations
(ph) 713.853.7727
(fax) 713.646.3248
terrie.james@enron.com


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 04/17/2001 03:03 PM -----

	"Weller, Andrea" <AWeller@sel.com>
	04/17/2001 03:01 PM

		 To: "'arem@electric.com'" <arem@electric.com>
		 cc: "'Fairchild, Tracy'" <tracy.fairchild@edelman.com>,
"'nplotkin@tfglobby.com'" <nplotkin@tfglobby.com>
		 Subject: FW: SENATORS CALL FOR INVESTIGATION INTO EFFECTIVENESS OF FEDERAL
ENERGY REGULATION

I thought you should all be aware that this call is out there....

Andrea Weller
Market Strategist
Strategic Energy, LLC
949.230.3404
aweller@sel.com

SENATORS CALL FOR INVESTIGATION INTO EFFECTIVENESS OF FEDERAL ENERGY
REGULATION

Senators Joe Lieberman, D-Conn., and Jean Carnahan, D-Mo., have asked the
General Accounting Office (GAO) to inquire into whether the Federal Energy
Regulatory Commission (FERC) is carrying out its responsibilities to ensure
that wholesale electricity sales throughout the country are reasonable and
that interstate natural gas pipelines are fulfilling their obligations to
customers. "Under federal law, FERC has the responsibility to ensure just
and
reasonable prices for interstate wholesale transmission," the Senators said
in a letter to GAO, "but there is mounting evidence that FERC may not have
fulfilled this role in the California situation." Following is text of the
letter:

April 12, 2001

Mr. David M. Walker
Comptroller General of the United States
U.S. General Accounting Office
441 G Street, N.W.
Washington, D.C. 20548

Dear Mr. Walker:

We have been watching with dismay as the state of California suffers
sporadic
rolling blackouts with impacts on electricity supplies and prices throughout

the western United States, a situation that may get worse this summer when
the demand for electricity increases. We understand that there are many
factors that have contributed to the current situation, and few short term
options to create more electricity for this market. At the same time we are
extremely troubled that California's Independent System Operator (ISO)
recently asserted that suppliers of electricity in California have allegedly

been charging many times more than what it actually costs to generate the
electricity, an overcharge amounting to $6.8 billion according to the
operator. Some experts believe that these high prices reflect a
non-functioning market that has, in turn, exacerbated the state's
electricity
shortage.With the possibility of electricity deregulation occurring soon in
additional states such as Missouri, we are concerned whether there is
adequate federal oversight to guard against potential abuse of market power
by suppliers. Without such oversight, the nation may not progress towards
achieving what many see as the promise of deregulation: lower consumer
prices, greater reliability, increased choice, and more efficient
generation.
Deregulation legislation being considered in Missouri would transfer the
oversight authority from the Missouri Public Service Commission (PSC), which

works closely with the utilities to provide direction if there are capacity
or reliability concerns and sets appropriate customer rates, to the Federal
Energy Regulatory Commission (FERC). Under federal law, FERC has the
responsibility to ensure just and reasonable prices for interstate wholesale

transmission, but there is mounting evidence that FERC may not have
fulfilled
this role in the California situation. FERC Commissioner William Massey
recently said: "Ensuring just and reasonable prices in wholesale markets
requires that we clearly define market power, and aggressively intervene
when
the markets are not producing reasonable prices. The commission's actions to

date have been insufficient." (March 20, 2001 testimony to the House Energy
Committee's Subcommittee on Energy and Air quality).We are requesting that
the General Accounting Office (GAO) assess whether FERC is properly
exercising its role to enforce reasonable electricity rates. Specifically,
we
ask GAO to answer the following questions:

1) Has FERC fulfilled its mandate to ensure just and reasonable rates? Is
FERC adequately monitoring and appropriately regulating based on its
statutes
power supply, demand, and pricing in California? In other Western states? In

the Central Midwest and in the Northeast?

2) Has FERC devoted sufficient resources to carry out its oversight
obligations in a timely and effective manner? And does FERC have the
necessary resources to carry out its future oversight role?

3) Does FERC need additional authority to carry out its mission of ensuring
just and reasonable prices given that widespread partial deregulation is now

occurring in so many states?

4) As we understand the situation from some experts, the number of
transactions in electricity that occur in the deregulated wholesale market
place is voluminous. This situation may increase the difficulties of
guarding
against market abuse. Is there a role for another agency or independent
organization to exercise an oversight role with respect to these
transactions? If so, what would be an appropriate oversight role?

5) We have been advised by some experts that greater transparency of prices
relating to the buying and selling of electricity in a deregulated market
would help guard against market abuses. We understand the need to keep
prices
confidential for a period of time to ensure against collusion. After this
appropriate period of time has passed, would greater transparency be
beneficial?

We are also concerned about recent allegations by the California Public
Utility Commission (CPUC) that market power has been abused in the
transmission of natural gas, which has in turn contributed to the spiraling
cost of electricity generation in the state. The CPUC maintains that the
price of natural gas transmitted by the El Paso pipeline has been
manipulated
so that prices in California over the last year have been up to five times
the national average. Because an increasing number of states, including
California, rely heavily on natural gas fired power plants, any manipulation

of that commodity can have severe consequences. Additionally, because such a

large percent of our future nationwide generation capacity will use natural
gas, we are concerned that these types of alleged market abuses will have
even more profound effects. Therefore, we ask GAO to answer the following
questions:

1) Has FERC fully met its responsibilities to adequately regulate interstate

pipelines? If not, what areas require improvement?

2) Is there a continuing role for FERC to play in ensuring equal access to
the limited amount of space in our current natural gas pipelines? Should
this
role be enhanced or clarified, and if so, how?

3) Is there the possibility of this same type of alleged abuse in other
parts
of the country, aside from California, where the natural gas pipeline
capacity is similarly limited? Please provide any details.We appreciate all
the good work that GAO does and we look forward to hearing from you soon.

Sincerely,J

oseph I. Lieberman
Jean Carnahan


Please join Sally Beck, Managing Director of Global Risk Management Operations, and all of the Summer Interns in our group for lunch next Wednesday, June 13.  Sally would like an opportunity to meet you and to give an overview of Global Risk Management Operations.

Date:		Wednesday, June 13
Time:		11:30 - 1:00 PM
Location:	EB 32c2

Please RSVP to Patti Thompson at ext. 39106


Jim/Rick/Linda--I have faxed to you a copy of the resolutions that came out
of the Western Governors meeting last Friday.  We were pleased to see that
there was no language endorsing price caps in the documents, nor was there
even a section suggesting that they be studied.  The resolutions included
many of our suggestions (power supply contracts,rate reforms to send more
accurate price signals, demand exchanges, eliminating barriers to distributed
generation, etc)  There was also a specific endosement of construction and
expansion of pipelines and electric transmission.

The Thursday evening keynote by Bennett Johnston was typical old fox
Louisiana style rhetoric saying that even though price caps didn't work,
gee...just this one time, they should be instituted for just the short term
(his client is SoCalEd).  The morning session started off rocky, with way too
much discussion about price caps or cost plus ratemaking being a good idea.
Mid way thru the program Gov Kempthorne affirmatively stated that he did not
agree with price caps and that actually started the discussion back on the
right road.  The Governors met in closed session at noon and then later in
the day, and ultimately there were enough Republican votes to make sure that
price caps were not endorsed.

DOE secretary Abraham was not particularly vocal during his time on the
panel, but did give good anti price cap interviews with the press later. And
good old market man Curt Hebert had some very strong statements against price
caps.  His colleagues Massey and Breathitt were both there, and did not echo
the same sentiments!

Paul and I will be talking in the next few days to plan our next strategy
with this group...it will need some continued hand holding and work.  Please
feel free to call either of us if you would like more specific info.  Please
also forward on to whoever in your group I neglected to copy or would have an
interest..  THANKS to all who helped us get ready for this meeting.


The approval process initiated last year for ECT-NA customer and employee
meeting and event expenditures in excess of $5K has enabled ECT to better
evaluate the business value of events, accurately track our activities and
save money.  Please be sure to follow the procedures described below so we
can continue to successfully manage our events.

-  All ECT-NA meetings and events with costs in excess of $5K must be
reviewed by the ECT Public Relations department and approved by the ECT-NA
Office of the President before making any commitments to vendors or customers.

-  Depending on your needs, the PR department will either work with you to
plan and produce your event in its entirety or simply review and evaluate an
event you have planned.  In either case, the PR department will be
responsible for helping you achieve the best value for your program and for
ECT.

-  A completed expenditure request form (blank attached) and supporting
documentation is required for each event.  You should submit completed
expenditure request forms and documentation to the ECT PR Dept. at EB3642 or
work with PR to complete the form.

-  After PR review, the expenditure will be submitted to the ECT Office of
the President for final approval.

Thank you for your cooperation.  If you have any questions regarding this
process or would like assistance in planning an event, please contact Mike
Rosen in the ECT Public Relations Dept. at (713) 853-9624.


-----Original Message-----
From: 	navigator@nisource.com@ENRON [mailto:IMCEANOTES-navigator+40nisource+2Ecom+40ENRON@ENRON.com]
Sent:	Monday, June 04, 2001 3:57 AM
To:	navigator@nisource.com
Subject:	CAPACITY UPDATE EFFECTIVE FOR TUESDAY, JUNE 5, 2001

                      COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                  JUNE 04, 2001

Notice ID: 2773
5 - NO RESPONSE REQUIRED

SUBJECT: CAPACITY UPDATE EFFECTIVE FOR TUESDAY, JUNE 5, 2001

             THERE ARE NO CHANGES FROM PREVIOUS DAY

Effective Tuesday, June 5, 2001, capacities will be as follows:

Excess MDWQ              Available +
ISS Withdrawals          Available
SIT Withdrawals          Available
Imbalance Drawdowns      Available
PAL Lends/Unparks        Available

Excess MDIQ              Not Available +
ISS Injections           Not Available
SIT Injections           Not Available
Imbalance Paybacks       Not Available
PAL Parks/Loan Paybacks  Not Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Receipt capacity will be as follows:

TENNESSEE:

Brinker (B12)            20,000
Broad Run (B9)          450,000
Cambridge (B10)          10,000
Dungannon (B11)          40,000
Highland (B17)           25,000
Milford (B18)            30,000
North Greenwood (B22)    10,000
Unionville (B15)         75,000

TEXAS EASTERN:

Delmont (C16)                 0
Eagle (C22)              30,000
Hooker (C9)              25,000
Pennsburg (C23)          50,000
Windridge (C12)          60,000

NATIONAL FUEL:

Independence (M1)        10,000
Ellwood City (L1)        10,000

TRANSCO:

Downingtown (E3)          5,000
Emporia I (E13)         120,000
Rockville (E2)           65,000
Dranesville (E1)         25,000

ALGONQUIN:

Ramapo (R1)              50,000

ANR:

Paulding/Cecil          100,000
(F1, A2)

LEBANON AGGREGATE       225,000
(A4, F2, C4, D3)

TOLEDO AGGREGATE        225,000
(A3, F4, 734462)

COLUMBIA GULF:
(801)

TCO-Leach             2,218,000

Internal point non-firm capacity will be as follows:

Lanham                No Restrictions

Delivery capacity (non-firm) will be as follows:

TRANSCO:

Martins Creek (MA 21)    25,000
Young Woman's Creek       5,000
   (MA 36)

ALGONQUIN:

Hanover (MA 22)         143,000

EQUITRANS:

Fallen Timber (MA 35)    35,000
(MLI K1)

Waynesburg-Rhinehart     30,000
(MA 26) (MLI K2)

OPT-30 will be available in all market areas.
OPT-60 will be available in all market areas.

Market Area delivery capacity (non-firm) will be as follows:

Operating Area 1
     Market Area 33       No Restrictions
     Market Area 34       No Restrictions

Operating Area 2
     Market Area 20       No Restrictions

Operating Area 3
     Market Area 15       No Restrictions
     Market Area 16       No Restrictions
     Market Area 17       No Restrictions
     Market Area 18       No Restrictions
     Market Area 19       No Restrictions

Operating Area 4
     Market Area 21       No Restrictions
     Market Area 22       No Restrictions
     Market Area 23       No Restrictions
     Market Area 24       No Restrictions
     Market Area 25       No Restrictions
     Market Area 29       No Restrictions

Operating Area 5
     Market Area 02       No Restrictions
     Market Area 07       No Restrictions

Operating Area 6
     Market Area 10       No Restrictions
     Market Area 11       No Restrictions
     Market Area 12       No Restrictions
     Market Area 13       No Restrictions
     Market Area 14       No Restrictions

Operating Area 7
     Market Area 01       No Restrictions
     Market Area 03       No Restrictions
     Market Area 04       No Restrictions
     Market Area 05       No Restrictions
     Market Area 06       No Restrictions
     Market Area 08       No Restrictions
     Market Area 09       No Restrictions

Operating Area 8
     Market Area 26       No Restrictions
     Market Area 27       No Restrictions
     Market Area 32       No Restrictions
     Market Area 35       No Restrictions
     Market Area 36       No Restrictions
     Market Area 38       No Restrictions
     Market Area 39       No Restrictions
     Market Area 40       No Restrictions

Operating Area 10
     Market Area 28       No Restrictions
     Market Area 30       No Restrictions
     Market Area 31       No Restrictions

If you have any questions, please contact your Account
Representative.


Jeff Hodge asked me to send the attached memo regarding American Express
Company to you.

Kaye


Please note that the time for our next Monday morning conference call has
been moved to 4:00pm (CST).  For those of you in Houston, we will be in room
4793.

Dial-in number:  888/311-9051
Pass code:  60396

Sue Nord, Sr. Director
Government Affairs
713 345-4196


As of today, I can be reached via cell phone at 713-859-6238.  This is not a Nextel phone.   Thanks.  Jean


Benny, I don't know if you knew Brad or not... but he used to work at Coral in Calgary. I think he traded Merc. Anyways, he has contacted me a couple of times to play hockey and really wants some players..
I told him I would forward this note.  I am going to try to get out one of these days.

TIC

-----Original Message-----
From: Barry & Kim Tycholiz [mailto:ktycholiz@houston.rr.com]
Sent: Sunday, September 23, 2001 11:15 PM
To: Tycholiz, Barry
Subject: Fw: hockey

----- Original Message -----
From: "Brad C. Basarowich" <BCBasarowich@Duke-Energy.com>
To: <barrytycholize@enron.com>
Cc: <ktycholiz@houston.rr.com>
Sent: Thursday, September 20, 2001 6:17 AM
Subject: hockey

>
> Barry,  I talked to the GM of my Thursday team and he suggested that there
> is room for sure on the Sunday night teams.  If any or all of you are
> interrested it would be great.  E-mail me or either of the other two names
> on this mail and they will help you get set up.  If you could bring me a
> spare set of hands that would be great as well.
>
>  Please forward to Rob and John
>
> Brad Basarowich-(713)627-4759
> Bob King (713)851-1558
> Alain Belanger (713)871-8484
>


Please see attached.  Thanks.


to be clear

No employees to Mariner exept Keel and Josey initially.  Melendrez and Bushman to Mariner in 3 to 4 months.  The other employees (i think 5) will get the severence package once they have helped us sell the assets under Jesus's direction.

-----Original Message-----
From: Kitchen, Louise
Sent: Mon 11/19/2001 5:42 PM
To: Lavorato, John
Cc:
Subject: So far

See different worksheets included for details. Usual password

<<fallon2.xls>>


Please send me the current final versions of the Master Netting Agreement
and Collateral Annex that you distributed after our last call this
afternoon and please send me a list of the full names of the counterparties
we'll be negotiating with for our conflicts check.  Thanks.

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

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


FYI -

They did request 110M/Day, however, the load must have dropped off.  I am
checking into this, and will email the findings.

Mary
---------------------- Forwarded by Mary Poorman/NA/Enron on 01/02/2001 07:47
AM ---------------------------

"Shankster JL (Luther)" <JLShankster@equiva.com> on 12/19/2000 03:32:26 PM
To: "'Lamphier, Gary'" <glamphi@enron.com>
cc: "Carter, John" <JCCarter@equiva.com>, "Ricks, Ruth" <RARicks@equiva.com>,
kyle.r.lilly@enron.com, mary.poorman@enron.com

Subject: January Nominations at Shell Deer Park

Gary,

January 2001 nominations for gas delivery to Shell Deer Park are as follows:

Firm Baseload - 110,000 MMBtu/d
Spot Swing supply - 0 (zero)

Delivery of the above contract quantities is expected to be as follows:

  HPL-HP   HPL-E   HPL-S
 Firm 35,000 MMBtu/d 40,000 MMBtu/d 35,000 MMBtu/d

On or about January 7th we are currently planning on beginning our much
anticipated scheduled turnaround work. Natural gas demand is expected to
decrease with HPL's portion being 20,000 MMBtu/d coming primarily out of the
HP/E station. This will leave total demand at 90,000 MMBtu/d for the
remainder of the month.

Please let me know if you have any questions

J. Luther Shankster

Energy & Utilities Planning
> Phone: 713/277-9307
> Fax: 713/277-9941
> E-Mail: jlshankster@equiva.com
> Home Page: http://rsweb
>
>


PLEASE TREAT AS CONFIDENTIAL

A source had a meeting today with California state treasurer Phil Angelides.
Here are the main points from their conversation

1. Anglelides Certain that SoCal Will Go Bankrupt

Corroborating our line over the past four months, Anglelides stated with
confidence that SoCal would go bankrupt and that "he was surprised they
hadn't already."  He noted that the only reason they haven't yet is that
"they were too stupid to ring-fence the parent" and that "their two biggest
equity holders were screaming not to do it."

He added that the Davis/SoCal MOU is dead and that all the "Plan B's" are
"speculative" at best.  He also thought that SoCal was being "naive if they
thought they would get a better deal from the legislature than from the
bankruptcy court."

2. Bond Issuance- $12B Not Enough

Angelides conceded that a $12B bond issue would not be enough to buy power
for the summer and that the true costs would probably be $18-24B.   The only
reason they didn't issue more is that Angelides felt that "$12B was all the
market could handle."  The current game plan for bonds assumes an average
peak price for power of $400/MWh, which Angelides said explains the
difference between his estimates and the higher estimates from State
Comptroller's Kathleen Connell's office.

3. New Generator Construction

Anglelides was explicit that the California Public Power Authority
(authorized by the legislature last week) will "build plants and not stop
until we [California] has a 10-15% capacity cushion above expected demand.
Angelides expects the state to be "5-10% short on power all summer."


-----Original Message-----
From: Legal - James Derrick Jr.
Sent: Wed 1/23/2002 9:26 PM
To: DL-GA-all_enron_houston
Cc:
Subject: Cooperation with the FBI

Enron has consented to allow the Federal Bureau of Investigation to search the Enron Building and to interview employees regarding allegations of document destruction.  The company encourages all employees to fully cooperate with the FBI.

The company has retained Michael Levy and his law firm Swidler, Berlin, Shereff, Friedman, to advise any employee regarding this matter and to be present with them during any interviews by government investigators.  If you would like to speak with an attorney, please contact Ned Crady of the Legal Department at 3-4558 or contact Michael Levy's office in Washington, D.C. at 202-295-8414 and they will direct you to him here in Houston.


Janice

You could help Christi et all on this
Thanks
Elizabeth
----- Forwarded by Elizabeth Sager/HOU/ECT on 05/18/2000 09:22 AM -----

	Christi L Nicolay
	05/18/2000 09:09 AM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc: Richard Ingersoll/HOU/ECT@ECT
		 Subject: Re: FRCC audit confidentiality agreement

Elizabeth--Can you all look this over and let Dick I. know if it is OK.
Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/18/2000
09:09 AM ---------------------------

Richard Ingersoll
05/17/2000 09:03 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: Re: FRCC audit confidentiality agreement

No one will be audited at this time but I just wanted to see if the agreement
would be acceptable to us in the future.

To: Richard Ingersoll/HOU/ECT@ECT
cc:
Subject: Re: FRCC audit confidentiality agreement

What would FRCC be auditing Enron for or on?  L:et me know, then I'll show
this to ENA legal.

Richard Ingersoll
05/17/2000 12:50 PM
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: FRCC audit confidentiality agreement

Is this OK
---------------------- Forwarded by Richard Ingersoll/HOU/ECT on 05/17/2000
12:49 PM ---------------------------

lbrousse@frcc.com@nerc.com on 05/17/2000 11:30:17 AM
Please respond to <lbrousse@frcc.com>
Sent by: owner-cacsc@nerc.com
To: <cacsc@nerc.com>
cc:
Subject: FRCC audit confidentiality agreement

Attached is the audit confidentiality agreement we used in our audit process
last year.  As I mentioned, it did have legal review by several of the audit
team member companies, and all of our team members signed it.  Hope it
helps.

Linda

 - Confidential Agreement 6-7.pdf


Tough Times in Tech...Best Products...A Tough Road for Bush?

HIGHLIGHTS FROM THE DECEMBER 18, 2000, ISSUE OF BUSINESS WEEK*

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As the election process crawls to its seemingly inevitable conclusion, it
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From Wednesday night until midday Monday, for subscribers only**
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From an improved -- but still refreshingly low-tech -- $1 pencil to a BMW
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From Wednesday night until midday Monday, for subscribers only**
http://www.businessweek.com/premium/00_51/c3712139.htm
After midday Monday, for all readers:
http://www.businessweek.com/2000/00_51/c3712139.htm

*The complete Table of Contents for this week's issue can be found at...
http://www.businessweek.com/contents.htm

**Remember, only subscribers can see the entire issue. Selected stories are
available to nonsubscribers on Monday. Isn't it time you became a subscriber?

__________________________________________________________________

SEARCH PAST ISSUES OF BW. Free for subscribers only -- FIVE YEARS of Business
Week magazine. For more information, go to
http://www.businessweek.com/search.htm
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SEARCH BUSINESSWEEK.COM -- Search our ENTIRE SITE for all free content,
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______________________________________________________________________

DAILY BRIEFING [http://www.businessweek.com/today.htm]

For BW's Election 2000 coverage visit
http://www.businessweek.com/election2000.htm

12/07 -- Labor Finally Puts a Target on Wal-Mart
After years of unsuccessful tactics, the United Food & Commercial Workers is
launching a nationwide organizing drive aimed at better pay and benefits
http://www.businessweek.com/bwdaily/dnflash/dec2000/nf2000126_820.htm

12/06 -- Special Report: That Crazy Patchwork Called Electricity Deregulation
The results so far are mixed -- at best. Doing better will mean more big,
painful changes in energy markets and policies nationwide
http://www.businessweek.com/bwdaily/dnflash/dec2000/nf2000126_886.htm

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Korea's Samsung is convinced that consumers will line up for its coming
video-phone. Or will it be too much, too soon?
http://www.businessweek.com/bwdaily/dnflash/dec2000/nf2000125_488.htm

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If only Gore or Bush had done so many things differently, either one might
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http://www.businessweek.com/bwdaily/dnflash/dec2000/nf2000124_466.htm

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Are the steep drops in the market a harbinger of recession or a signal of the
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12/07 -- Words for the Wise on Voice Recognition
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As CEO of Web-tool maker Crossgain, Tod Nielsen walks a tightrope -- he's
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Big brands that withheld top products from the Web -- and sites that tried to
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http://www.businessweek.com/smallbiz/content/dec2000/sb2000125_123.htm

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Lindy, thanks for looking into this.  I agree with your comments.  Kim.

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Friday, November 16, 2001 4:01 PM
To:	Rapp, Bill; Hass, Glen; Blair, Lynn; Harris, Steven; Kowalke, Terry; Lokey, Teb; Kilmer III, Robert; #99 Tech Support,; Watson, Kimberly; Lindberg, Lorraine; Lohman, TK
Subject:	FW: SCG Advice 2837-A

After discussing with Lynn and Glen, we think that we would like to file comments in this proceeding concerning an issue we have had since this has been implemented on Nov 1.  In instances where SoCal happens to call their OFO in the Intraday 2 cycle, it can cause Transwestern to have Shipper imbalances because we do not have an opportunity to pass-along these reductions to our upstream parties.  We think we would like to file a letter that may mention our general support of the "direction" of SoCal's changes, but that we do have an issue that has developed since actual implementation that we are currently working on with them.  Lynn & I worked on this rough general description we thought could be incorporated into a brief letter.

		"If SoCal calls an OFO in the Intraday 2 Cycle, an allocation is passed to Transwestern through the confirmation process with SoCal.  Due to the timing of these OFO's, Transwestern is unable to confirm such reductions with Transwestern's upstream parties."

Lynn thinks if we are unable to resolve this issue with SoCal, TW could have high Shipper imbalance exposure.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Wednesday, November 14, 2001 9:50 AM
To:	Donoho, Lindy
Subject:	FW: SCG Advice 2837-A

Lindy , can you please take a look at this and let me know if we should file comments. Thanks. You might see if Glen has looked at it yet.

	Steve

 -----Original Message-----
From: 	"Dan Douglass" <douglass@energyattorney.com>@ENRON
Sent:	Friday, November 09, 2001 5:02 PM
To:	Hass, Glen; Harris, Steven
Cc:	Gregg Klatt
Subject:	SCG Advice 2837-A

Glen and Steve:

The attached supplemental advice filing by SoCalGas replaces the  changes to Rule 30, Transportation of Customer-Owned Gas, proposed by AL2837.   The purpose of this filing is to  describe the new internal receipt point operating procedures that SoCalGas is  implementing, and to request Commission authorization to include the revised  operating procedures in Rule 30. SoCalGas says this step is being taken in  anticipation that it will be replaced with a system of firm tradable intrastate  transmission rights in Gas Industry Restructuring (GIR) proceeding, I.99-07-003.
During  the GIR panel hearings, several parties requested that SoCalGas publish its  windowing criteria in tariffs to facilitate a better understanding of the method  used to allocate receipt point  capacity.  SoCalGas agreed to make  such a filing, and D.99-07-015 directed SoCalGas to file an advice letter adding  windowing information to its tariffs.  To comply with this directive, on August  6, 1999, SoCalGas filed AL2837, which has not been acted on by the Commission.
Customer complaints about SoCalGas' windowing  procedures have convinced SoCalGas that it should replace its internal  windowing operating procedures with a system that is open to the maximum  operating capacity at each SoCalGas receipt point.  SoCalGas is making these internal  operating changes effective November 1, 2001.  SoCalGas held meetings with upstream  pipelines on October 17, and with interested customers and stakeholders on  October 18, regarding the upcoming changes.  They were invited to ask any questions in  the days leading up to the meetings.
Comments and/or protests are due on November 21.  Have a good  weekend!
Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite  244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:   (818) 346-6502douglass@energyattorney.com << File: mailto:douglass@energyattorney.com >>

 - AL2837-A.PDF << File: AL2837-A.PDF >>


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 09/25/2000
02:01 PM ---------------------------

	Reschedule
Chairperson: Richard Burchfield
Sent by: Cindy Cicchetti

Start: 09/28/2000 01:00 PM
End: 09/28/2000 02:00 PM

Description: Gas Physical/Financail Positions - Room 2537

This meeting repeats   starting on    (if the date occurs on a weekend the
meeting ).
Meeting Dates:

Fletcher J Sturm/HOU/ECT
Scott Neal/HOU/ECT
Hunter S Shively/HOU/ECT
Phillip K Allen/HOU/ECT
Allan Severude/HOU/ECT
Scott Mills/HOU/ECT
Russ Severson/HOU/ECT

Detailed description:
   The meeting with Richard Burchfield/HOU/ECT was rescheduled.

On   09/28/2000 03:00:00 PM CDT
For   1 hour
With:   Richard Burchfield/HOU/ECT (Chairperson)
  Fletcher J Sturm/HOU/ECT (Invited)
  Scott Neal/HOU/ECT (Invited)
  Hunter S Shively/HOU/ECT (Invited)
  Phillip K Allen/HOU/ECT (Invited)
  Allan Severude/HOU/ECT (Invited)
  Scott Mills/HOU/ECT (Invited)
  Russ Severson/HOU/ECT (Invited)

Gas Physical/Financail Positions - Room 2537


Thanks for the update.

 -----Original Message-----
From: 	Robert Nelson <jrnels@sunvalley.net>@ENRON [mailto:IMCEANOTES-Robert+20Nelson+20+3Cjrnels+40sunvalley+2Enet+3E+40ENRON@ENRON.com]
Sent:	Monday, September 10, 2001 2:11 PM
To:	Sanders, Richard B.
Subject:	PX Call

We had the shortest call in history today.  We discussed Edison.  Edison
withdrew its opposition to our employment of professionals and will be
producing documents in response to our 2004 notice.  There's been some
speculation about whether parties will be filing an involuntary petition
against SCE.  Reliant wasn't on our call today and I couldn't help but
wonder whether they were busy with other things.  In that regard, Howard
Weg is establishing an SCE subcommittee and wants us to participate.
What's your position.  As to Edison, there's a reasonable likelihood now
that the legislature will approve a package that (1) has no funding to pay
us, (2) permits Edison to use funds to pay dividends on preferred stock and
(3) waives Edison's commandeering claims.  As to the last issue, Kaye
Scholer opines that Edison's waiver will have no impact on the PX's right
to pursue the commandeering suit.  This week there will be several meetings
aimed at finalizing a reorganization plan.  We'll have a report during our
next call which is scheduled Sept,. 17 at 1 LA time.  Weg is consulting
with FERC lawyers about presentation of his proposed settlement.  He plans
to proceed fairly soon both before FERC and in the bankruptcy court.  Bob
Nelson


Jeff and Scott:

Thanks very much for giving me the opportunity to meet with you both
today.  As I said during the meeting, I think your business plan is in a
very good space, especially given the recent FCC order and the
insatiable demand for IP bandwidth, in California and elsewhere.  We'd
love to work with you on legal/regulatory/business issues.  I think we
could add significant value, for the reasons we touched on today.

Scott, I left a VM for the President of Cmetric, asking him if he's
interested in the opportunity presented by Enron.  As soon as he
replies, I'll forward his contact information to you.

Please get in touch with me at any of the numbers on my business card if
you have further questions or need more information.  I look forward to
hearing from you soon.

Regards,

SPB


Have you rejected my expense account yet?  I cannot re-submit to Mark Taylor
until you do.

Thanks!

----- Forwarded by Becky Spencer/HOU/ECT on 05/18/2001 11:08 AM -----

	Becky Spencer
	05/15/2001 01:37 PM

		 To: Elizabeth Sager/HOU/ECT
		 cc:
		 Subject: Expense Account

Elizabeth,

Please reject the my exense account that I sent to you earlier for approval.
I was just told that I'm now in Mark Taylor's cost center so I need to route
it that direction.

Thanks!
-Becky
-37599


Suzanne:
I left them a voice mail but assume "yes" for all of them.
Carol

	Suzanne Adams
	06/14/2000 10:52 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Upcoming Lunch

Do the legal assistants know about it because it wasn't on Susan Bailey's
calendar yesterday.  Isn't Tana on vacation?  I've heard from 2 people so
far, Nidia and Paul.  I'll follow up a little later in the day.  Should I
send an email to our Susan, Susan, Samantha & Tana?

	Carol St Clair
	06/14/2000 10:40 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Upcoming Lunch

Suzanne:
From our side it would be me, Sara and the 4 legal assistants.  This group
needs to RSVP to you before we know how many are coming.
Carol

	Suzanne Adams
	06/14/2000 09:33 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Upcoming Lunch

Carol, are these the attendees and you and Sara?

	Carol St Clair
	06/14/2000 09:10 AM

		 To: Kevin P Radous/Corp/Enron@Enron@ECT, Mary Tudon/HOU/ECT@ECT, Brad
Schneider/Corp/Enron@Enron, Edward Sacks/Corp/Enron@Enron, Veronica
Espinoza/Corp/Enron@ENRON, Nidia Mendoza/HOU/ECT@ECT
		 cc: Suzanne Adams/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Upcoming Lunch

We are planning to hold another informal lunch this coming Friday in
Conference Room 38C2 from 12-1:30 to go over in more depth how the ISDA
Master and ISDA Credit Support Annex works.  If you are interested in
attending, could you please contact my assistant, Suzanne Adams at 37340
TODAY so that she can get a head count for lunch.  Thanks and sorry about the
short notice.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


"paulhastings.com" made the following annotations on 05/01/01 20:45:12
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of
conventional first name and last name plus @paulhastings.com.  Here are
two examples: janesmith@paulhastings.com and danjones@paulhastings.com.
If you have any questions, please contact us at noc@paulhastings.com.

==============================================================================
"The information transmitted is intended only for the person or entity
to which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you
received this in error, please contact the sender and delete the
material from all computers."

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

Attached please find signature pages for:
GE  Consent, Consent of Director for transaction.
We  will forward signature pages for
Amended LLC Agreement, Consent of Director  and Members tomorrow morning upon
receipt from Fed  Ex.

Please confirm that insurance certificates have  been received from the
insurance broker.? It is my understanding that  originals were sent to Enron.
Thanks.
?
Susan D. Chow
Paul, Hastings, Janofsky & Walker  LLP
1055 Washington Boulevard
Stamford, Connecticut 06901
(203) 961-7527
(203) 359-3031 (fax)
NOTE NEW EMAIL ADDRESS: susanchow@paulhastings.com
?
 - ge_conse.pdf
 - salmon_d.pdf


CALENDAR ENTRY:	APPOINTMENT

Description:
	Minnegasco Meeting/Winter Preparation Ava-35842

Date:		10/25/2000
Time:		8:00 AM - 4:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Looks to me like notice will be given Wednesday or Thursday.

The changes are being made to the CA I documents now.

Kay


I agree with your summary.

 -----Original Message-----
From: 	Owen, David
Sent:	Friday, November 16, 2001 5:33 PM
To:	Josey, Scott
Cc:	Melendrez, Jesus; Nemec, Gerald; 'kckrisa@apex2000.net'
Subject:	Summary of discussion with Gerald

Scott,

I talked to Gerald after our telecon as you requested ----- here's the summary:

I repeated to Gerald my reply when you asked my opinion regarding the best way to approach Clark.  To reiterate for clarity, I suggest that Scott tell Clark we are not satisfied with BCCK's management of activities related to field construction and construction management activities.  If you (Scott) feel it is appropriate or necessary to offer details, the general reasons are: (1) Poor communication leading to schedule delays and/or cost increases; (2)  A very casual (and consequently unacceptable) approach to improving the overall project schedule as necessary to achieve a 15 December 2001 in-service date; and, (3) Unilateral decision-making by BCCK without the consent of all Crescendo partners having the same effect as (1) above.  As a result, Scott and Ken mutually agree and have directed Dave to take a lead role in completing all construction, testing, commissioning, start-up and related activities.  It is important to stress to Clark, that, while Dave and his delegates have primary authority and responsibility for completing these activities, it will not be done at the exclusion of BCCK.  To the contrary, Crescendo requests and expects BCCK's full and open participation.

Though the contract does not explicitly address this action, Gerald agreed that since Enron wears the vast majority of all types of risk in this project, it is reasonable for us (Enron) to take action in order to protect our interests.  In addition, Ken Krisa agrees with the need and reasons for making this move, establishing strong support (though not, perhaps, unanimous) at the Crescendo LLC level.  Because the contract does not provide specifically for this action, our options -- in increasing order of severity with regard to impact upon BCCK and the potential for unpleasant reactions by same -- are:

Most Productive, Least Destructive to Project and Relationships:

1.  Take the direct approach to Clark as I described above.

Plan B:

2.  Submit a change order under the appropriate section of the Contract changing BCCK's scope of work and informing them of the change in management philosophy and leadership.

Desperation Tactic:

3.  Declare the agreement in default due to non-performance and take over all activities contemplated by the agreement.

(Gerald --- How did I do???)

Dave


I find it difficult to believe we would even be considering the use of OTC
trades to effectively "kill" another deal.  The points Kathryn raise below
are good ones.  How often do deals need to be terminated?  Unless that number
is substantial (and I would hope it is not), why the opposition to executing
a termination agreement with the counterparty and resolving the problem in
the cleanest manner?

---------------------- Forwarded by Brent A Price/HOU/ECT on 03/08/2000 08:57
AM ---------------------------

	Kathryn Cordes
	03/07/2000 10:53 AM

To: Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT, Susan Harrison/HOU/ECT@ECT
Subject: Feedback on EOL killed deals process

Sheri:

Last week you provided me with the options for a process that you and Louise
were working on for killed deals.  The 2 options for killed deals were 1.
the counterparty would call and execute an OTC to back out the deal (the
opposite of whatever he transacted on line) and  2. Enron would execute to
the counterparty a termination agreement per deal the counterparty wanted to
back out.  My concerns for the first option are:

1.  This potentially would not create a true net effect-  timing from the EOL
trade and the phone call to execute the OTC could have price differences

2.  The confirmation process is impacted, would have to generate 2 confirms,
one for each side of the trade

3.  Logistics would still have to nom and schedule for delivery both deals,
may not be even volumes

4.  Settlements will see both invoices, again due to possible price and
volume changes, will not be even netting

The termination agreement would be the easiest process for the back office
teams and would minimize the downstream effects to these processes.  The
execution of termination agreements would be the strongest way to minimize
our exposure to these deals since we have the Electronic Transaction
Agreement in addition to the contract that governs the confirmation with the
counterparty in place.   I know that commercial has a preference to option
one but I want to make sure that all the issues are thought through with the
possible impacts to the operations raised.  I've asked Scott Mills to explore
Sitara for possible lock down of EOL deals after validation to ensure that
there is tighter control over the deals for further exposure to potential
modifications or kills.  Scott has indicated that the lock down of critical
fields would be a big system change, but has agreed to review this and
determine exactly what the IT estimates would be.  After we look at the
Sitara requirements to support this change I will provide additional
feedback.

KC


Approved

 -----Original Message-----
From: 	Lee, Dennis
Sent:	Wednesday, February 27, 2002 10:49 AM
To:	Bodnar, Michael; Buehler, Craig; Cherry, Paul; Dasilva, Esther; Donoho, Lindy; Frazier, Perry; Lee, Dennis; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Sheffield, Sandy; White, Angela; Y'barbo, Paul; McConnell, Mark
Subject:	Credit Request Sempra Energy Trading

Credit Approval Requested:

Request Submitted to CAS for approval.

Shipper :		Sempra Energy Trading Corp.
Contract # :		27848
Service Type :	NEW LFT   (9 Shut-in Days)
MDQ:			15,000 Dth/d
Rate:			$0.03
Term:			March 1, 2002 thru March 31, 2002

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com


Dr. Ueng:
I wanted to mention this to you yesterday after the test, but didn't have
time.  I was taking this course because I am applying to another business
school and since I have been out of school for six years I wanted to provide
the other schools with a recent academic record.  I was trying to get an A in
the class, but my first test was not my best work. I feel that I did much
better on the second test and that Brandon and mines case studies and my
class participation were good enough to get me close to the A level.  That
said if I am also able to get a recommendation from you I would greatly
appreciate it.  I know that you are extremely busy now, so if I could get in
touch with you at your earliest convenience that would be great.  Thanks for
making the class educational and quite enjoyable.  Hope to talk to you soon
and hope you can enjoy the rest of the summer.

Regards,
Ben Rogers
713-853-7998


Melissa Murphy is out sick this week.

Here is the weekly report of Financial trades confirmed last week.

Thank you,
amy


The attached file contains our daily citygate volume requirements for   3/30
and 3/31         .    There are two worksheets:  The one labelled with today's
date contains the volumes that we need at each of the delivery points
indicated.   The schedulers will want to check this sheet to see how much gas
is needed at a specific point.    The AGL volumes in this file are not
up-to-date, so they should be ignored.

The sheet labelled 'Daily Change' shows the change (increase +/decrease -) in
the requested daily volume relative to a prior value.  For the current gas
day,
the change is an intra-day change and is calculated using the previous day's
volume request for the current day (e.g., If the current gas day is 3/28, then
the change is computed with respect to the 3/27 request for 3/28).  For
tomorrow's gas day and any subsequent ones shown, the change is computed using
the First-of-the-month volumes requested for those days.  (e.g., If today is
3/28, then the change for 3/29, 3/30, etc. is computed with respect to the
first-of-the-month volumes for those days.)   This sheet should be useful in
determining prices for daily changes in gas volumes that we take or turn back.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03-30-00 Daily VolsAM.xls


-----Original Message-----
From: 	Presto, Kevin M.
Sent:	Wednesday, January 16, 2002 1:19 PM
To:	Evans, Casey; White, Stacey W.
Cc:	Davis, Mark Dana; Sturm, Fletcher J.; Carson, Mike; Gupta, Gautam; Broderick, Paul J.; Benson, Robert; King, Jeff; Gilbert-smith, Doug
Subject:	Books

Please use the next week to clean up our database of delivery locations and regions currently still in Enpower.   I would like to start the database clean with only the key hubs listed:

NEPOOL PTF
NY Zone J
NY Zone G
NY Zone A
Ontario
PJM East Hub
PJM West Hub
PJM West
Cinergy
Com-Ed
TVA
Entergy
SOCO
ERCOT South (FP)
ERCOT North (Basis)

Let's use this opportunity to clean up Enpower and start with a truly clean set of books.
Team - Am I missing anthing?

Kevin Presto
Vice President, East Power Trading
Phone:  713-853-5035
Cell:  713-854-3923
Fax:  713-646-8272


---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/05/2001
01:16 PM ---------------------------
From: Jason R Williams/ENRON@enronXgate on 03/05/2001 01:13 PM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT,
William S Bradford/ENRON@enronXgate, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Kevin
Meredith/Corp/Enron@ENRON, Tom Moran/ENRON@enronXgate, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron, Jean Bell/HOU/ECT@ECT
cc:
Subject: Credit Report - 3/5/01


Hi Sara...I'm forwarding an RPF fron ConEd New York, Inc......
We are only looking to do Proposal #1.....basically we will quote on:
Cal 01
50 - 100 MW
5 X 16 peak
Zone G, NY
Financial swap

Included in the RFP is their sample Energy purchase agreement, can you please
take a look and make any necessary comments?
The RFP is due Dec. 8.
Thanks,
Janelle

"Forte, Michael" <FORTEM@coned.com> on 11/30/2000 09:26:04 AM
To: "Forte, Michael" <FORTEM@coned.com>
cc:

Subject: RFP: Orange and Rockland Utilities

    Attached for your review and consideration is a Request-for-Proposals
for firm electric energy for Orange and Rockland Utilities.

 <<ORU RFP_2001.doc>>
Thank you and have a great day!
Michael
Voice:  (212) 460-3537
Fax:    (917) 534-4042
Mobile: (914) 319-5348
Pager:  1-800-946-4646 (pin:142 64 67)

 - ORU RFP_2001.doc


Steve Stojic called to let me know that the technical conference in RP01-56
will be held on Jan. 9 at 10:00.  A notice will be issued shortly.


The report named: EMW P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=32&report_name=EMW+P/L&category_cd=9&category_name=EMW&toc_hide=1&sTV1=9&TV1Exp=Y&current_efct_date=11/21/2001>, published as of 11/21/2001 is now available for viewing on the website.

(Revision: 2)


New GPCM Pipeline Schematics Available on the Web

You can now view GPCM pipeline schematics on the web by going to the GPCM
website, clicking "GPCM Pipelines" and then clicking the code for the
pipeline you want.  You can also go to that pipeline's website by clicking
it's URL.  Finally, by "right-clicking" the code you can copy the pipeline
schematic (a Powerpoint file) down to your local computer and use it there.
 Once you copy it down, if you put it into your gpcm8\maps sub-folder, you
can view it directly from your user interface in the Data / Pipelines form
(click the Has Map box On).  If you are a GPCM licensee and would like a
zip file of the current set of maps, you can pick it up from the Customer
Support area of the GPCM website (http://gpcm.rbac.com).

From http://www.enerfax.com:

  Natural Gas Markets in Mexico

  Natural gas demand in Mexico in the coming years could grow by up to 8%
annually. Such demand could lead to natural gas imports approaching 2 Bcf
per day, according to government forecasts. In response, Pemex proposes two
actions: The first consists of measures to increase cross-border pipeline
infrastructure and capacity such as a new pipeline being built by Coral
Energy into Pemex's supply hub at Reynosa. The possibility of a new
pipeline to Monterrey is still an option. A second measure is to implement
a gas-centric exploration and production program focused on five areas, two
of which are dry natural gas basins, Burgos and Macuspana. This second
measure is intended to reduce projected imports by up to 80%. At present,
Pemex's 10-year strategic plan does not contemplate a role for private
production companies in capacities other than that of technical assistance.

 STORAGE REPORT
  Week Prev
  Ending Prev Prev Year
  | Region | 8/25/00 | Week | Diff | % Full | Year | % Full
  | Prod | 529 | 517 | 12 | 55% | 749 | 78%
  | East | 1254 | 1209 | 45 | 68% | 1382 | 75%
  | West | 361 | 366 | -5 | 71% | 390 | 77%
  | | | | | | |
  | Total | 2144 | 2092 | 52 | 65% | 2521 | 76%


Caycie,

I just left a message for you at work...How EXCITING!!!!!!!!!!!!!!!!!!!!!!!  I can't believe both you and Jen got engaged on the same weekend.  I'm absolutely thrilled for you and look forward to all the fun festivities this will warrant.  You know I think Briggs is great (I've had so much fun hanging out with him at all of these weddings) and you're obviously pretty fond of him so I can't imagine a better bit of news than that of your engagement.  I can't wait to hear all about the event (and see the ring - I'm sure it's gorgeous).

I think I'm actually going to try and come up to Austin the weekend of the 12th...from what I understand Jessica will still be in town, as will Corey, and Jen had expressed some interest in making a road trip so we'll see.

Love,
Sue

PS - Are you coming in for Deborah's wedding?

	Enron Capital & Trade Resources Corp.  From:  caycie.c.ayres@accenture.com                           04/25/2001 04:23 PM

To:	sscott5@enron.com
cc:
Subject:	Hi

Susan-
I hope that all is well.  you might have already heard by now, but Briggs
and I are ENGAGED!!!!  It happened Friday!  I didn't know how to reach you
so I would your e-mail on one of Lisa's e-mails.  I hope that all is well.
Let me know when you will be in Austin next.
Talk to you soon!

Caycie

Accenture
Direct 512-732-5718
Fax     512-732-5943
Octel  472/5718


Effective May 6, 2001, New Hire Orientation will go from a day program to
half a day. The New Hire Orientation will start at 8:00 am and end at 12:00
pm. The new hires will no longer be given lunch. This change was initiated as
a result of cost cutting measures.

We will be distributing the Inside Track at Sally Beck's next staff meeting
scheduled for 5/14/01. This is an additional tool you can use to integrate
the employee to your business unit. The Inside Track is a supplement to the
handouts the new hires receive at orientation. It contains: general
information, Windows 2000, Microsoft Outlook, PRC process and the business
unit training expectations. We suggest personally greeting and delivering the
Inside Track and taking your new hire out to lunch. If this is not possible
we recommend sending a representative. We feel this would be a great way to
welcome your new hire to Enron and your business unit. Please contact your
Human Resources representative if you have any question.

Regards
Frank


"Each party consents to the recording, at any time and from time to time, by
the other party of any and all communications between officers or employees
of the parties, and waives any further notice of such recording.
Additionally, in the absence of a Confirmation executed by both parties, any
such recording may be submitted in evidence to any court or in any
proceedings for the purpose of establishing any matters pertinent to the
terms of a Transaction."

Marty:  This would appear in Part 5(f) of the Schedule.  Let me know if this
is acceptable.  I'll follow up with Tanya on Monday.


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Thanks for your wishes and I am confident all your prayers helped me get
through the weekend.  Thanks again for your kind words.
PL