----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:13 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/26/2001 02:41 PM

		 To: John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Shapiro/NA/Enron@Enron, mpalmer@enron.com, skean@enron.com, Joe
Hartsoe/Corp/Enron@ENRON, Linda Robertson/NA/Enron@ENRON, Paul
Kaufman/PDX/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron, Scott Govenar <sgovenar@govadv.com>
		 cc:
		 Subject: OP ED in Chronical--Need a Federal Solution to
Transmission/Governor Calls for Conservation

ON THE GRID OR OFF THE GRID
Bigger Is Better
An interstate electricity highway could leverage economies of scale to keep
the lights on Burton A. Weisbrod, Glen E. Weisbrod
Sunday,?February 25, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/02/25/S
C177059.DTL
WE COULD HAVE left it to the states. When the Interstate Highway System was
proposed nearly 50 years ago, we could have said, "Leave it to each state to
decide on its roads and to pay for them, or leave it to private enterprise to
build toll roads wherever it is profitable." Fortunately, we didn't.
Today, vehicles can travel throughout the country on a system of integrated
high-capacity roads that crisscross the nation. There are many differences
between the flow of cars or trucks and the flow of electricity. But just as
the Interstate Highway System ushered in a new era of easier movement of
people and goods across the states, allowing enormous economic and social
gains, so, too, do we now need to overcome the obstacles to the easy flow of
power across state lines.
Many forces are at work contributing to California's electricity crises, and
power shortages in other parts of the country also are quite possible. The
growth of population and industry in California has expanded demand for
electricity. Legislative constraints, reflecting environmental protection and
other concerns, have discouraged construction of electricity-generating
plants.
Periodic shutdowns of generation plants for maintenance have caused short-
term power shortages. And, in an oddity of California law, the prices that
power producers can charge distributors are deregulated, while the prices
that those distributors can charge consumers are regulated and restricted.
But largely missing from the debate of what can be done to balance supply and
demand is discussion of an effective national power grid that would permit
substantial amounts of electricity to flow, as highway traffic does, from one
state to another.
Interstate transmission connections do exist now, but are limited in
capacity. They were primarily designed to meet temporary needs associated
with local power emergencies, not for sustained use. If those interstate
lines were upgraded to greater capacity, then we could move toward actually
creating a national power grid.
An effective national power grid could result in far more competition among
producers of electric power across the nation, and far more options to meet
demand in any local area. No state or region would need to depend simply on a
small number of generating producers within its borders, and the increased
number of interstate competitors would bring greater assurance of supply and
lower prices.
The underlying problem is basically one of incentives. With the maze of
state, and federal regulations on the production, distribution and pricing of
electricity, there is great risk and little incentive for private
construction of costly transmission lines that cross multiple state borders.
Imagine a power plant in state A, but near state B, with that plant
occasionally having excess production capacity. There is no market for the
power in state B, but there is demand for it in state C, which is adjacent to
it. In a smoothly functioning, efficient, power transmission system, power
would move from the generating plant in state A, across the border for use in
state B, thereby permitting deals so that power produced in that area could
be sent to state C. Through such a domino-like process, power available in
one region effectively can help alleviate a shortage in another area - with
only a series of relatively short-distance transmissions.
Development of such an integrated electricity transmission network is what
the federal government can and should foster. It would strengthen the nation;
it would expand options for users; it would increase competition among
suppliers, to the benefit of consumers; it would overcome the multiplicity of
state regulations that have the effect of restricting incentives for
profitable interstate power transmission.
The Interstate Highway System did not solve all the problems of the nation's
escalating population of cars, and it was not cheap. But, designed to
maximize interconnections between metropolitan areas, with ample systemwide
capacity to spare, it did transform the country, binding the 48 contiguous
states into an integrated whole.
The effect: reduced costs and increased "exports" of California fruits and
vegetables to the Midwest, and reduced costs, along with increased exports of
Midwest manufactured products to the West.
Just as it does not make sense for every state to act like a separate
country, building roads just for its own residents, or growing all of its own
food supply, it is equally inefficient for each state to independently
develop its own power supply. It is foolish to find electricity producers in
one state claiming that they should not "help out" consumers in another
state.
A nationwide system would take better advantage of differential electricity
demand in various parts of the country, seasonally and even in the course of
a day.
To consumers and industrial users in California, the effects of a national
electricity transmission grid would be real and enduring, but not
spectacular. It would, however, go far to achieving the quiet result that
every consumer seeks - lower prices, more reliable electric power supplies.
There is no single solution to California's energy crisis, but developing a
national interstate electricity highway system would go far toward addressing
it. Local power distribution within a state would remain a matter of state
control. The federal government's role would be largely to provide financial
incentives for constructing additional interstate transmission capacity, and
to establish standards for its design and utilization - just as is the case
with the Interstate Highway System.
A survey of history and government professors conducted by the Brookings
Institution last year identified the Interstate Highway System as one of the
Top Seven governmental achievements of the last 50 years - along with
rebuilding Europe after World War II and expanding the right to vote. An
interstate electricity highway system could well be among the top
achievements of government in the next half-century.
MACRO POWER TRANSMISSION
WE HAVE AN ELECTRIC power crisis in California. In fact, we have two
problems: a short-term problem and a long-term problem.
Short term, the problem, from the consumer perspective, is:
-- Soaring electricity bills.
-- Fear of paying the mounting debts being incurred by electricity
distributors such as Pacific Gas and Electric Co. either in rate increases or
higher taxes.
-- The threat, and to some users the reality, of no lights, no refrigeration,
no heat.
These concerns are real and severe. But they are merely symptoms of a serious
long-term crisis: Incentives to the power industry are wrong!
As Adam Smith reminded us over two centuries ago, we do not look to the good
intentions of sellers to get them to serve the public interest; we look to
their self interest. Then, as today, wise public policy calls for aligning
the two, by providing incentives for the development of an electricity system
that provides power that is dependable, is produced efficiently and is
distributed competitively, so that prices are low.
This long-term problem will not be solved by the series of Band-Aids that
governmental officials and power producers and distributors are skirmishing
over. Now is the time to develop a long-term plan.
Two elements of a long-term plan for efficient and reliable electricity are
clear:
-- Electricity self-sufficiency for each state is bad policy. It is easy to
think that dependency on power imports from other states is a root problem.
It is not. Trade and competition mean access to more producers, and that can
bring efficiency in electricity no less than in food, electronics or autos,
as low-cost sources are utilized. (Promoting more interstate options does not
preclude building more local generation, and small, "micro" electricity
generating units do have a role as part of an overall electricity policy.
However, the advantage of their flexibility must be balanced against their
generally higher cost for meeting predictable long-term demand.)
-- Incentives are needed to encourage investment in electricity transmission.
It does no good to have low-cost power production unless the power can reach
users. This is why the federal government has such an important role to play
in financially encouraging and supporting a national interstate power highway
system.
--Burton A. Weisbrod and Glen E. Weisbrod
Burton Weisbrod is John Evans Professor of Economics and Fellow, Institute
for Policy Research, Northwestern University, and a former senior staff
economist on the Council of Economic Advisers to Presidents Kennedy and
Johnson. Glen Weisbrod, his son, is president of Economic Development
Research Group Inc. in Boston.
Burton Weisbrod is John Evans Professor of Economics and Fellow, Institute
for Policy Research, Northwestern University, and a former senior staff
economist on the Council of Economic Advisers to Presidents Kennedy and
Johnson. Glen Weisbrod, his son, is
,2001 San Francisco Chronicle ? Page?WB1

Governor Calls for 10% Cut In Usage
On national TV, Davis increases goal on energy
Tanya Schevitz, Chronicle Staff Writer
Monday,?February 26, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/02/26/M
N44189.DTL
Signaling a greater urgency in California's power crisis, Gov. Gray Davis
said yesterday that keeping the lights and air conditioners running this
summer will require every Californian to reduce electricity usage by about 10
percent.
In addition, he said, the state must get more electrical power online by
then.
His call for a 10 percent cut is a significant jump from the 7 percent he was
asking for during his State of the State speech last month, and it may be a
difficult stretch for consumers. Davis made his remarks on NBC's news show
"Meet the Press."
State Sen. Don Perata, D-Oakland, praised the governor's statement on
national television.
"The most important thing right now is that the governor said that, because
there has been general skepticism statewide, reflected both in anecdotes and
public opinion polls, that we are in fact facing a crisis," Perata said. "If
you don't believe, you won't conform, you won't respond."
But, he said, Davis will not get the conservation he wants unless consumers
are given financial incentives. Perata said he will propose legislation today
to give $1 billion to customers who cut down on their electricity use during
the summer months.
Severin Borenstein, director of the Energy Institute at the University of
California at Berkeley, said if temperatures soar this summer, it will take a
"huge effort" to keep the state at safe electricity levels.
NEED FOR CONSERVATION
"We are in big trouble," Borenstein said. "That doesn't mean we can't avoid
blackouts -- that means we will have to take serious measures."
The needed steps include instituting variable prices for commercial and
industrial users that reflect the supply and demand at any given hour and
hooking up air conditioners to cycling systems, he said. For residential
users,
he said, it will mean increases for use above a certain level.
Forecasters predict a shortfall of at least 5,000 megawatts this summer, but
the state got some good news Thursday when the California Independent System
Operator, which coordinates the flow of electricity through the state's power
grid, removed all power alerts for the first time in more than a month.
Lorie O'Donley, a spokeswoman for the California ISO, said that she does not
expect any changes today but that it is too early to make any predictions
about the summer power situation.
"We still need to check the snowpack and the hills and the hydro situation in
the state," O'Donley said. "Conservation is a big part of it, and whatever
people can do to step up their conservation efforts will be a huge factor in
avoiding blackouts."
GOVERNOR DODGES BLAME
Davis appeared on "Meet the Press" while visiting Washington, D.C., for a
meeting of the National Governors Association and a concurrent meeting of the
Democratic Governors Association, which he chairs. With him on the program
were Sen. John Kerry, D-Mass., Sen. Pete Domenici, R-N.M., and Republican
Gov. Mike Huckabee of Arkansas.
Davis took the opportunity of the high-profile television show to tell East
Coast decisionmakers and Wall Street analysts that the blame for the state's
energy crisis does not lie with him and to reassure them that he is taking
solid steps to resolve the problem.
"Both President Bush and I inherited California, a flawed deregulation
system," he said during the broadcast. "Secondly, no major plant has been
built in California prior to my governorship for 12 years."
He outlined some solutions, including the approval of nine new power plants,
with six under construction and three expected to be online this summer, and
14 more in the pipeline.
In a slip of the tongue, Davis said on yesterday morning's broadcast that
consumers would need to cut electricity use to only 10 percent of last year.
"It will require every Californian using about 10 percent of the electricity
than they did the year before and a little luck in getting some extra
megawatts on line this summer," Davis said.
What he meant, a spokesman said, was they had to cut use by 10 percent.
Still, that will require significant sacrifice.
In addition, Davis has said that he wants to add 5,000 megawatts of power --
enough for 5 million homes -- by summer. He has promised to speed up the
approval process and provide bonuses to builders who finish before July.
The state also established an $800 million conservation program this year.
But Borenstein said that many of the ideas floating around for spending the
conservation money are for efforts that would not help for about another
three years.
ON NATIONAL MATTERS
During yesterday's show, Davis also weighed in on President Bush's tax-cut
proposal and former President Bill Clinton's controversial last-minute
pardons.
The administration should wait for a tax cut until the money is available, he
said.
"All of us who have been in government for a while have seen the roller-
coaster ride of surpluses and then shortages and surpluses and shortages," he
said. "Clearly, people need tax relief, but it should be moderated to the
point where we don't kill the golden goose, which is a strong, growing
economy. "
Although he received a significant campaign donation from the father of
Carlos Vignali, the Los Angeles drug kingpin, Davis told show host Tim
Russert that he never spoke with the family about the presidential pardon
Vignali received on Clinton's last day in office.
Davis said he did not have enough information to know whether the pardon was
a mistake, but, he said, "there's something about them in general that
doesn't ring right."
"However," he said, "people expect us to focus on things that matter to them,
and they really want to see progress on education, the environment, tax
relief, health care."
Asked by Russert whether he is going to run for president in 2004, Davis did
not rule it out but said that only re-election to the governorship in 2002 is
on his horizon.
"I'm focused on keeping the lights on and making our schools better," he
said.
E-mail Tanya Schevitz at tschevitz@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A1


This request has been pending your approval for  35 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000079466&Page=Approval to review and act upon this request.

Request ID          : 000000000079466
Request Create Date : 12/17/01 4:09:11 PM
Requested For       : rodney.malcolm@enron.com
Resource Name       : eConnect - VPN  Tier 2 - Full Access
Resource Type       : Applications


Jeff/Brenda:

Please authorize the following products for approval.  customers are
expecting to see them on 1/14.

 PG&E Citygate-Daily Physical, BOM Physical, Monthly Index Physical
 Malin-Daily Physical, BOM Physical, Monthly Index Physical
 Keystone-Monthly Index Physical
 Socal Border-Daily Physical, BOM Physical, Monthly Index Physical
 PG&E Topock-Daily Physical, BOM Physical, Monthly Index Physical

Please approve and forward to Dale Neuner

Thank you
Phillip


---------------------- Forwarded by John Arnold/HOU/ECT on 12/12/2000 05:15
PM ---------------------------

	Enron North America Corp.

	From:  Stephanie E Taylor                           12/12/2000 05:10 PM

To: John Arnold/HOU/ECT@ECT
cc:
Subject: Subscription

Dear John,

We are trying to get all subscriptions managed through eSource on a December
to December rotation.  Your subscription to Energy & Power Risk Management
will expire September, 2001. The prorated subscription cost for October -
December, 2001 will be:

 Reg. Subscription Cost With Corp. Discount
Energy & Power Risk Management $93.75   $79.69

If you wish to renew this, we will be happy to take care of this for you.  We
would appreciate your responding by December 18th.  Please include your
Company and Cost Center numbers with your renewal.

Thank You,
Stephanie E. Taylor
eSource
Houston
713-345-7928


I admire your constant devotion to your customers and your unending DESIRE to restore Enron to it's once great status.  As always you are the consumate proffesional.

-----Original Message-----
From: Lucci, Paul T.
Sent: Thursday, November 15, 2001 8:55 AM
To: Tycholiz, Barry; Whitt, Mark
Subject: FW:

I received this email from Karen Taylor at Duke Field Services.  I have been working with her on gathering deals whereby ENA could purchase 3rd party gas on the Jonah Gas Gathering system.  As you can see, a numerber of our larger trading counterparties are not willing to trade with us, but are unwiling to tell us directly.  I hope this is a short term problem, as most of the larger counterparties account for the majority of our transactions.  I've included the second part of the email to show you both that I am willing to extend myself in whatever manner to bring value to the once mighty Enron.

PS  I haven't been able to close any deals with Karen, but I feel that I am very close!

-----Original Message-----
From: Karen L. Taylor [mailto:kltaylor@duke-energy.com]
Sent: Thursday, November 15, 2001 8:35 AM
To: plucci@enron.com
Subject:

heard last night that forest oil is marketing through aec again in
december.  also heard they have been instructed not to sell to enron.  aec
has also received directives not to sell to enron.  are you hearing that a
lot?

sorry to open with negative news.  hope you're doing well today.  i'm a bit
tired.  was up late for the avs game last night then got up early for my
training at the gym this morning.  may require high amounts of caffeine
today.

might do a quick drink with a friend tonight.  are you working out after
work?  if you have no plans maybe you could meet us for a drink.  it will
be an early night for me.

have a great day

kt


Start Date: 2/6/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020620.txt
!!!General SQL error.
Couldn't update; currently locked by user 'Admin' on machine 'NAHOU-TRDTS5'.
Table

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

  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 2/6/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3000
  ENGY_TYPE: FIRM


Attached are some articles concerning further development and elaboration on
the California power crisis and testimony to the Senate Energy, Utilities and
Communications Committee by the CEO of CAL-ISO concerning the power
issues/problems.

Testimony before Senate Energy, Utilities & Communications Committee And the
Assembly Utilities & Commerce Committee
By Terry M. Winter, President and CEO
California Independent System Operator
August 10, 2000

An August 10th article from Natural Gas Intelligence that talks of the
defensive posture the California Independent System Operator (Cal-ISO) has
taken concerning the accusations that Governor Davis' emergency electricity
report had made about the new deregulated market.

An article from Natural Gas Intelligence talks about the vote, on July 31st,
by the California Independent System Operator (Cal-ISO) Board to move the
price cap to $250. The pros and cons of the price cap are mentioned, as well
as other remedies for the power situation. Also, there are several comments
in the article from California Senator Steve Peace on how "dysfunctional" the
market is and why it should be restructured.


Please see the attached revision to the EOL consent sent to you last week.  Please distribute to the appropriate parties.  You may direct ISDA related comments to me, power related comments to Janet Moore, and gas related comments to Stacy Dickson.

We received your ISDA fax signatures.  What is the status of the ISDA opinion and other corporate materials?
 -----Original Message-----
From: 	Moore, Janet H.
Sent:	Wednesday, August 08, 2001 10:49 AM
To:	Cook, Mary
Cc:	Theriot, Kim S.
Subject:	Revised Aquila EOL Consent:  clean and redlined versions attached


Hi Kara,

I haven't written because I haven't figured out what we learned at the
meeting.  We can discuss next week at our conference.  We are arranging to
have Michael re-tested.  I think it is more of an issue of a difference
between potential and performance.  Michael has been tested in the past, and
tests as extraordinarily bright, but he has had some performance issues which
don't match up.  At least that's how I understand it. He just has some
disconnects which we are working to overcome, but I must admit to not
understanding it all.

I left you a note about Michael possibly missing next week.  After I dropped
him off this am, I had a thought that next week might be when they visit in
1st grade, in which case we probably wouldn't want him to miss that
opportunity.  I think he is excited about 1st grade, so you must be doing a
great job of getting the kids prepared.

Thanks for everything, and see you next week!

Kay

Kara Norris <knorris@ssfrancis.org> on 05/17/2001 03:49:09 PM
To: Kay.Mann@enron.com
cc:

Subject: Re: Michael

Kay,
I'm interested to hear how things went at the meeting.
Michael was the star of the show.  He did a great job!  Glad you both made
it.
-Kara

Kay.Mann@enron.com wrote:

> Hi Kara,
>
> Michael has been seeing a speech/language therapist, and recently she
> raised an issue about Michael's ability to "blend and unblend" sounds in
> words, specifically as it relates to reading readiness.  She had this
> conversation with Neil, so I don't know the details.  We are meeting with
> her today to get more input, but I wanted to mention it to you, just in
> case you had a comment.
>
> I know this is something we can discuss at Michael's conference on May
> 31st, but if you would like to discuss it before hand, I can be reached at
> 713 304 8716 9 (cell), 713 345 -7566 (office - just tell my asst you are
> Michael's teacher), 713 973 6325.
>
> Thanks so much,
>
> Kay


Hey Everyone,

I want to invite all of you to a Holiday Party December 23rd at my parent's
house in Ross.  Attached below is the invite and a text copy of the invite.

A group of us always go on a hike during the day in the hills up around
Phoenix lake.  Feel free to join us for the hike.  If you can't make the
hike, feel free to come for the hot tub part of the party or for the
official beginning of the party at 5pm.

I hope to see you all on the 23rd.  Happy Holidays.  (please RSVP by next
Saturday!)

Sean

text version

Holiday Party

Saturday December 23th

10:30am  Juice, Muffins, and Coffee
11:15Am Set out for a Hike (Rain or Shine)
3 ish Hot Tub and Relax
5:00pm to 10ish: Dinner, Decorating, Singing, Drinking, Etc.

What to Bring

Hiking Attire, Hiking Snacks, a Water Bottle, Bathing Suit & Towel, Casual
Party Attire (To Change Into After Hiking)

Where:  Sean's Parents' House in Marin (10 Duff Lane, Ross)

From 101 North, take the San Anselmo/Sir Francis Drake Exit North (go under
the freeway), go 3-4 miles on Sir Francis Drake, Left on Lagunitas (at the
2nd (I think) light after Sir Francis Drake goes from 2 to 1 lane), through
two (maybe 3 now) stop signs, left on Duff Lane.  Third and Final house at
the top.

Please RSVP by no later than 12/16/00

Sean's Cell 305-5160 or skmaloney@yahoo.com
Sean's Parents (Carmella & Dick) 456-6846

 - HOL2k.doc


This is the first notice from Transco regarding imbalances.  Transco has not
changed their IT notices since the 6th, when they closed down St 90.
---------------------- Forwarded by Chris Germany/HOU/ECT on 12/21/2000 01:12
PM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 12/21/2000
12:56:04 PM
To:
cc:
Subject: Transco - System Imbalance Notice

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: Terry Fitch (713-215-3361) or John McGrath
(713-215-2514)December 21, 2000

To:     Transcontinental Gas Pipe Line Corporation Customers and Shippers

Re:     System Imbalance Notice

Please be advised that Transco has been experiencing excessive negative
transportation imbalances (deliveries in excess of receipts) on its
system over the past several days.  As of December 21, 2000, Shippers
are advised to avoid any additional negative imbalances as soon as
possible.

Additionally, until further notice, Transco will institute more
restrictive practices at its pooling points.  Transco will reduce the 4%
tolerance currently allowed at its pooling points to 1% or 1,000 dts for
Shippers with negatively scheduled imbalances (i.e. deliveries into the
pools are less than receipts away from the pools).  Shippers with
positively scheduled imbalances at their pools will continue to be held
to the 4% tolerance levels.  Transco will not enforce these pool
imbalance tolerances during the timely nomination cycle; however,
Shippers are expected to balance their pools to the limits identified
above by the ID2 nomination cycle.  Transco may proactively decrease
markets to bring them in line with supplies at pooling points.

Absent voluntary compliance with this notice, Transco may be required to
use any remedies available, up to and including reliance upon Section 52
of the General Terms and Conditions of Transco's FERC Gas Tariff, to
ensure it retains the appropriate level of operational flexibility.

If you have any questions, please call Terry Fitch at (713) 215-3361 or
John McGrath at (713) 215-2514.

Terry C. Fitch
Manager
Gas Operations

--------------------------ADDITIONAL X12 INFORMATION------------------------
Trans. Svc. Provider: 007933021 - TRANSCONTINENTAL GAS PIPE LINE CORPORATION
   Notice Identifier: L0012213
     Critical Notice: Yes
      Type of Notice: 6-Other
   Required Response: 5-No Response Required
   Resp By Date/Time: N/A
Notice Eff Date/Time: 12/21/00 12:52:26
Notice End Date/Time: N/A
              Status: 1-Initiate
 Prior Notice Ident.: N/A
____________________________________________________________________________

 - C.DTF


Please forward my apologies for missing the call.  I ended up receiving a
"fire-drill" assignment that needs to get done in the next couple of hours.
I'll try to loop back toward the end of the day and update you on what's
going on.  Very sorry about that.

Best,
Jeff


Thanks for the message.  I don't know of anything moving forward as yet.

 -----Original Message-----
From: 	Sommer, Allan
Sent:	Wednesday, November 14, 2001 1:26 PM
To:	Kean, Steven J.
Cc:	Olson, Cindy
Subject:	Merger Transition Teams

Steve,

While Enron's management teams are reviewing actions plans for the upcoming six to nine months, I understand that functional transition teams will be assembled to address the planned merger.  I would like to register my strong interest in assisting any transition team where my skills could add value. Prior to developing and supporting corporate as well as enterprise systems at Enron my career has spanned across General Electric Capital Services and ABB on a global basis. Much of this experience has included system integration and change management.

Let me know if you have any questions to the above.  Otherwise, I wanted to let you know of my interest and desire in working towards a successful transition for Enron.

Regards,

Allan Sommer
Enron ISC
713-345-5291


let's get it to stop the hemorrhaging in is dist. portfolio as well.

John L Nowlan
10/27/2000 12:11 PM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Mahoney

Chris was very pleased and surprised with the increase and commented that it
would help stop some of the hemorrhaging in his Nasdaq account.


This was under the wrong counterparty - it's 506051.

Evelyn Metoyer@ENRON
01/26/2001 12:48 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 1/26/01 Checkout

I am missing the following deal per Amerex for Jeff Richter:
Enron sells Powerex 25 mw of off-peak NP-15 for 1/28-1/29 at $250.00

Thanks!1


I spoke with Brandon Wax re Chemconnect.  He has a possibility of bundling this assets with others as an exit strategy.  If this does not work out he will get back with me.

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, May 02, 2001 10:22 AM
To:	Lydecker Jr., Richard
Subject:	Spoke to Philippe

Apparently Impresse has gone bankrupct but someone will be calling you on Chemconnect.


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  "SCIENTECH IssueAlert" <IssueAlert@scientech.com>
     03/28/2001 02:59 AM

To:
cc:
Subject: AES Completes Acquisition of IPALCO

Today's IssueAlert Sponsors:

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IssueAlert for  March 28, 2001

AES Completes Acquisition of IPALCO

by Will McNamara
Director, Electric Industry Analysis

The AES Corporation (NYSE: AES) announced that it has completed its
acquisition of IPALCO Enterprises, the Indianapolis, Ind.-based utility with
3,000 MW of generation and 433,000 customers in and around Indianapolis.
IPALCO has now become a wholly owned subsidiary of AES through an exchange of
shares in which each outstanding share of IPALCO common stock will be
exchanged for 0.463 shares of AES common stock. IPALCO common stock was
suspended from trading at the close of the market on March 27.

Analysis: The purchase of IPALCO, an established and respected utility in the
Midwest, will help AES to continue to secure its foothold in this region and
further the company's aggressive expansion efforts along the generation side
of its business. AES already owns CILCORP, an energy services company whose
largest subsidiary, CILCO, serves portions of Illinois and Missouri. (Note
that pursuant to an SEC order, AES will restructure and/or sell its ownership
interests in CILCORP within two years in order to retain its status as an
exempt holding company under PUHCA). Thus, through the purchase of IPALCO,
AES is strengthening a presence in the Midwest that it already has
established. In addition, from this purchase we now know that AES, along with
being a global player, intends to remain dominant throughout the United
States as well. Further, the acquisition represents a rather bright
development for AES, considering that the company has recently encountered
some ongoing challenges related to its operations in California.

First, let's examine the value of AES' acquisition of IPALCO. Certainly, the
3,000 MW of generation that AES gained in the deal must have been the primary
draw, but from comments made by Dennis Bakke, AES president and CEO, the
company apparently also wants to become a marketing presence in Indiana (and
the Midwest as a whole). IPALCO gains in the deal by now being under the
aggressive management of AES; the subsidiaries under IPALCO such as
Indianapolis Power & Light will now stand a much better chance for global
development and expansion.

As with other generation acquisitions that AES has made, the company secures
a decided edge over competitors that may have strong marketing presence but
fewer hard assets. With its strong generation portfolio, to which the IPALCO
purchase only adds, AES can further guarantee to potential customers a
reliable power supply. AES is one of the largest generation companies in the
world, having reached this level through a series of strategic acquisitions.
The company's generating assets include interests in 134 facilities totaling
over 48 gigawatts of capacity. By comparison, Calpine has approximately
36,700 MW, Dynegy has a net ownership of 12,497 MW, and Reliant has about
27,000 MW. In addition, AES' electricity distribution network has over
920,000 km of conductor and associated rights of way, and sells over 126,000
GWh per year to over 17 million end-user customers.

AES has surpassed many of its power supply competitors by maintaining an
aggressive growth strategy over the past year. Recent milestones for the
company are too many to list here. However, highlights include acquiring a
controlling interest in Electricidad de Caracas; acquiring 100-percent
interest in Tractebel Power; purchasing 70-percent interest in the Mohave
Generating Station in Laughlin, Nev.; and purchasing GeoUtilities, Inc., an
Internet-based superstore for energy and telecom services. Just since the
start of 2001, AES entered into an agreement to purchase all of the energy
assets of Thermo Ecotec Corporation, a wholly owned subsidiary of Thermo
Electron Corporation of Waltham, Mass., for $195 million, and announced new
generation development projects in Texas and California. AES also has
continued its international expansion with an acquisition of a 140-MW
oil-fired co-generation facility in Italy, the acquisition of a 290-MW
barge-mounted natural-gas fired generating business in Nigeria, and the
purchase of additional ownership interest in a 1,000-MW hydro plant in
Argentina.

As I've said in the past, AES is a company to watch. Even when acquisitions
that AES is making seem rather small, they must be taken within the context
of the portfolio that AES is building. Whether it's generation, retail
marketing, telecom, or selling electricity over the Internet, AES has a
foothold in many different areas. AES is a major player that can offer the
full package to a customer, which may in the end be its strongest advantage.
The company maintains that it is engaged in three lines of businesses, which
are all equally important to its strategy: power generation, network delivery
services and retail energy marketing. However, it is important to recognize
that AES continues to build a huge generation arsenal and now has the
capability to market its commodity products through its marketing
subsidiaries.

However, although AES has had a fairly successful year, the company has hit
some bumps and made some questionable decisions along the way, all of which
were related to the California market. AES has established several tolling
agreements with Williams Corp. for the power plants that AES owns in
California. Under the tolling agreements, AES essentially rents its plants to
Williams so that Williams can generate fuel to electricity, which it then can
sell on the wholesale market. In other words, Williams had a contract to
market all of the power generated by AES' California plants. In hindsight,
AES may regret the questionable decision to enter into the tolling agreements
with Williams in California. Although AES did well last year, with net income
rising 181 percent to $641 million, the company reportedly lost $11 million
on the lucrative California market. Meanwhile, Williams (NYSE: WMB) reported
unaudited 2000 income from continuing operations of $873.2 million, or $1.95
per share on a diluted basis, versus $178 million, or 40 cents per share on a
restated basis, for 1999. AES also took a hit when it had to pay air
pollution fines and buy power on the wholesale market to meet its obligations
to Williams when it was forced to shut some plants down.

Further, AES (along with other companies) continues to fall under the intense
scrutiny of FERC for pricing that the commission has deemed "unjust and
unreasonable" for power generated at AES-owned plants. FERC's investigation
centers on the unavailability of certain so-called "must run" generating
plants in the Los Angeles area that are owned by AES Southland, a subsidiary
of AES. A "must run" plant is a generating facility that the California ISO
can call upon to provide energy and ancillary service essential to the
reliability of the California transmission network. Several weeks ago, FERC
announced that a preliminary investigation raised serious questions about the
actions of Williams Energy Marketing and Trading and AES.

On March 14, FERC gave the two companies 20 days to explain why they should
not refund $10.86 million to California utilities. Further, FERC said that
"Williams had a financial incentive to prolong any outages" of two AES-owned
plants last April and May. "Williams received more revenues as a result of
the respective outages," the commission said. AES responded to the charges by
saying that the plants were taken off line for repairs and that it did not
share in market revenues from sales of power from the plants. According to a
report in The Washington Post, AES Pacific Group vice president Stu Ryan said
that as long as the plants are in operating condition, Williams decides when
they will run and what it will charge for their power.

As a result of the unavailability of the two "must run" AES plants, the
state's ISO had to obtain power from other plants, also owned by AES, where
the power was much more expensive and the companies made much larger
profits.  The commission said its investigation indicated that AES and
Williams refused to make the two "must run" plants available "for reasons
that were not directly related to the necessary and timely maintenance" of
the plant.

Many power supply companies that were active in the California wholesale
market now are retreating due to the volatility and uncertainty of the
state's market. Although it remains unclear how AES will continue to
participate in the California market, it may be a smart move for the company
to focus on expanding operations in other regions of the United States (such
as the Midwest). Yet, how AES' acquisition of IPALCO will impact the
company's bottom line remains to be seen. Standard & Poor's (S&P) is
reserving its assessment of the partnership for the time being, and is
keeping AES on CreditWatch. AES' double-'B' corporate credit, single-'B'-plus
rating on subordinated debt, and single-'B' rating on the company's trust
preferred securities remain intact pending further review and information
about the acquisition of IPALCO. Also, S?lowered its corporate credit ratings
on IPALCO to triple-'B' from single-'A'-plus, and IPALCO's subsidiary,
Indianapolis Power & Light Co. (IPL), to triple-'B' from double-'A'-minus,
and revised the CreditWatch implications to positive from negative. S?expects
to address the CreditWatch status in the next two weeks.

On March 27, AES shares closed at about $47.75. As of mid-morning on March
28, AES shares were priced at about $50.00. Over the last few days, AES
shares have increased by about 5 percent and have closely tracked the Dow
Jones Utility Average.

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Thank you so much for your time on the 11th. Your  perspectives on corporate
philanthropy are very helpful and certainly align with  the corporate values
of Enron.
?
We are very pleased that you will host a luncheon to  introduce our Committee
to the Houston corporate community. As you know, I've  already provided some
draft ideas for an invitation; we encourage you to include  CEOs of companies
not on our original target list. Both the initial issue of our  newsletter
and a revised brochure will be ready for distribution in early  October, and
can be made available for inclusion with an invitation, as  appropriate.
?
We understand that this event may not take place until  December or January,
and we'll count on you to let us? know the preferred  date(s) as soon as
convenient so we can line up Newman and/or Derr to  participate as well. Best
regards.


DO NOT SELL OR BUY ANYTHING FOR ANYONE WITH THE PX AS A COUNTERPARTY REAL
TIME.  They are not certified by our credit department!  That includes CRC
and most definitely PUGET.  If you have any questions, call Bill, myself, or
Greg Wolf.  This is a serious matter and should not be ignored.


Start Date: 10/5/01; HourAhead hour: 11;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100511.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_BLACK
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ORANGE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_WHITE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_GREEN
  ENGY_TYPE: WHEEL


When: Monday, July 23, 2001 10:30 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where: Stacey's desk

*~*~*~*~*~*~*~*~*~*


Find these stories and more at
http://www.redherring.com

------------------------------------------------------------
TOP STORY: Despite market conditions, the technology sector
still holds promise. We select eight attractive investing
categories and tell you what to look for within them.

* Tech investing 2001
http://www.redherring.com/mag/issue87/mag-investing-87.html

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SpaceWorks Web BusinessManager Suite delivers the most
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Lazy money

Nick Denton is CEO of Moreover. Previously, he was a writer
for The Economist, and an investment banking correspondent
for the Financial Times. So it's not surprising that when he
decided to ditch news writing and start his own operation,
he picked something related to journalism -- but not a
content company. As Nick says, "Journalists don't scale."

Nick's product indexes a finite number of frequently
updated, unscalable content sites; right now, it scans more
than 2,000 sites about every 15 minutes. By comparison,
normal global search engines, from Google to Inktomi, crawl
everything and anything. Because a complete tour of the Web
can take weeks, these engines can miss current articles.

The clever part of Moreover's model is that the company is
not, strictly speaking, in the search engine business.
Instead of running machines that answer queries directly, it
exports its index to its partners (new sites and
corporations that need current market intelligence), so
their own search engines have a better content set to use.

The 50-person company partners with search companies today,
but its technology would probably make a nice snack for one
of these much-larger companies -- providing Internet stocks
go back up and make acquisitions possible again, that is.

- Rafe Needleman, rafe-needleman@redherring.com
Editor, http://www.redherring.com

FURTHER READING
* What's the future of search engine companies? Discuss!
http://boards.redherring.com/WebX?13@31041@.ee6d7ae??* Company site: Moreover?http://www.moreover.com??* Complementary technology: Autonomy?http://www.redherring.com/cod/2000/1201.html??* Another relevance engine: Fizzylabs?http://www.redherring.com/cod/2000/0630.html??* Comparative stock chart: The Street, Marketwatch, CNET,?Salon?http://www.stockmaster.com/exe/redherring/chart?Symbol=TSCM&co=c&m=12&f=d&sz=d?&ci=n&cs=MKTW%2CCNET%2CSALN&ma=n&lco=c&UPT=2948??* Buybacks boost stock, but at a price?http://www.redherring.com/investor/2000/1211/inv-buyback121100.html??* Shop Talk: Disney is content with content?http://www.redherring.com/industries/2000/1024/ind-shoptalk102400.html??* Online content's headlines spell trouble?http://www.redherring.com/industries/2000/0626/ind-content062600.html??* Content and its civilization (1999)?http://www.redherring.com/mag/issue63/vc-content.html??* VCs began shying away from content deals in 1998?http://www.redherring.com/mag/issue56s/winter.html??------------------------------------------------------------?A D V E R T I S E M E N T??DLJdirect - Visit Our IPO Center!?DLJdirect is one of the world's premier online brokerage?Firms serving sophisticated self-directed investors.?Find out how you may participate in a?New IPO issue at DLJdirect.??http://www.dljdirect.com/ipobannerad.htm?OIRDHTXIP??A D V E R T I S E M E N T?------------------------------------------------------------??INSIDE TECH?In the Red Eye: Fear not, Internet investors -- the next?phase of the Internet boom has only just begun. Also, how?can we move beyond "pregnant chads" and butterfly ballots??While the technology's there, the will may be missing.??* The Red Eye: Internet phoenix will rise?http://www.redherring.com/insider/2000/1212/tech-redeye121200.html??* Technology can eliminate retro-voting?http://www.redherring.com/insider/2000/1211/tech-mag-89-voting121100.html???INVESTOR?After staging a second-half stock-market comeback, the?future for Qualcomm remains as confusing as ever.??* Qualcomm faces conundrum?http://www.redherring.com/investor/2000/1212/inv-qualcomm121200.html???IPO NEWS?In IPO week in review: when the Federal Reserve acknowledged?that economic growth is slowing, some were convinced the?worst is over for a battered technology market. But it's?likely too little, too late to resurrect the IPO market.?Also, Lucent renames its communications chip unit Agere and?files for a $100 million IPO. Can this help Lucent's stock?get back on track???* IPO week in review: the waiting game?http://www.redherring.com/ipo/2000/1211/ipo-review121100.html??* Can spin-offs save the day for Lucent??http://www.redherring.com/ipo/2000/1212/ipo-agere121200.html???VC & STARTUPS?In Dealflow: Akara asks for and gets $17 million; Catena?Networks nabs $60 million; Mohr, Davidow starts $850 million?fund; Gab Internet pitches; and more.??* Dealflow: Highwired's kinder, gentler layoffs?http://www.redherring.com/vc/2000/1212/vc-ltr-dealflow121200.html???INDUSTRIES?In Global Currents: Softbank and Freeserve eat humble pie in?admitting that their business models couldn't cut it. Also,?in Shop Talk: Take off your clothes, put on a spandex?bodysuit, and get scanned. Welcome to tomorrow's clothing?store.??* Global Currents: Let that be a lesson?http://www.redherring.com/industries/2000/1212/ind-global121200.html??* Shop Talk: Doppelgangers live to shop?http://www.redherring.com/industries/2000/1212/ind-shoptalk121200.html???------------------------------------------------------------??FREE email newsletters from Redherring.com!??Want insight into the hot IPO market, long-term investing?strategies, future technologies, stocks to watch, venture?capital funding, and more? Get FREE email newsletters in?your inbox from Redherring.com, with the insight, analysis,?and opinion to help you make more strategic business and?personal investing decisions. Subscribe today.??http://www.redherring.com/jump/om/i/business/rhcom/global/subscribe/47.html??------------------------------------------------------------??SPECIAL OFFER on RED HERRING magazine!??Stay on the cutting edge of technology -- subscribe to Red?Herring. By taking advantage of this special offer, you'll?pay only $39 for a total of 24 issues and SAVE 67 percent?off the cover price! New subscribers only, please.??https://www.redherring.com/service/circ/subs_WD.html??------------------------------------------------------------??ADVERTISING INFORMATION?For information on advertising in Red Herring?newsletters, contact: advertising@redherring.com??------------------------------------------------------------??REDHERRING.COM MARKETPLACE??Ever wondered where you can buy that book reviewed in Red?Herring magazine? Redherring.com's Marketplace offers?research, auctions, newsletters, aforementioned books,?private-equity rankings, and back issues of Red Herring.??http://www.redherring.com/market/??------------------------------------------------------------??You are currently subscribed to Catch of the Day with the?address alewis@ect.enron.com. If you wish to unsubscribe,?please go to?http://www.redherring.com/enewsletters/subscriber_first.html,?sign in using this exact address, and follow instructions to?unsubscribe.??------------------------------------------------------------??Copyright (c) 2000 Red Herring Communications?All rights reserved??------------------------------------------------------------


The meeting will be around 1:00.  Just come to our office at 1200 17th St. Suite 2750.  Then we will go over to Crestone office. I anticipate that the meeting will last about an hour to an hour and half.

Mark

 -----Original Message-----
From: 	Walton, Steve
Sent:	Thursday, October 25, 2001 10:51 PM
To:	Thomas, Jake; Whitt, Mark
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Mark,
	I am assuming we are on for this coming Tuesday given the exchange of e-mail.  I am planning to arrive in Denver by 11:00 and will be going on to Seattle on Tuesday evening.  Where do we meet you?  How long will the meeting go.  I have held off ticketing to until I had some details.

Steve
 -----Original Message-----
From: 	Thomas, Jake
Sent:	Tuesday, October 23, 2001 12:36 PM
To:	Whitt, Mark; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

That actually works out perfect for my schedule

Jake Thomas
503-464-3803

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Tuesday, October 23, 2001 10:18 AM
To:	Thomas, Jake
Cc:	Bump, Dan J.; Walton, Steve
Subject:	FW: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Can we meet next Tuesday on October 30th?  Afternoon is prefferable.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Tuesday, October 23, 2001 11:12 AM
To:	Whitt, Mark
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I am booked all of this week.  Tuesday of next week might work if in the afternoon so I could fly in that morning.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, October 22, 2001 3:32 PM
To:	Thomas, Jake; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

It works for me.  Steve, would that be possible for you?

 -----Original Message-----
From: 	Thomas, Jake
Sent:	Monday, October 22, 2001 2:03 PM
To:	Whitt, Mark; Walton, Steve
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I have already made plans for the 14th - How about later this weeks or early next. ?

Jake Thomas
503-464-3803

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Monday, October 22, 2001 12:36 PM
To:	Walton, Steve
Cc:	Thomas, Jake
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

I have to go to the management meeting in San Antonio on the afternoon of the 14th.  Would it be possible to meet in Denver on the morning of the 14th?

 -----Original Message-----
From: 	Walton, Steve
Sent:	Monday, October 22, 2001 10:24 AM
To:	Whitt, Mark; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Mark,

	I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively.  The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open.  I know that is beyond your two week window, but it would be the best time for me.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 19, 2001 3:51 PM
To:	Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	Buffalo Power Company LLC - Gas Turbine Power Plant Project

ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming.  Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.

As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998.  ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin.  Crestone has a gathering trunkline located near their proposed site.  The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.

There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market.  However, they seem to have some political backing.

These developers recognize that they need Enron's assistance in developing this project on three main fronts:

1.  Power Marketing and Project development
2.  Gas Supplies and Pipeline access
3.  Regulatory and Transmission expertise

Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.

Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.

Please give me a call and I can elaborate on the opportunity or answer your questions.  I don't want to make this email a novel!

Thanks a lot.

303-575-6473


http://www.hyatt.com/usa/dallas/hotels/hotel_dfwrd.html

my bro says this place is nice but don't know how expensive


Stan - Thanks for the update.  I have forwarded email information to Ron and
the two strawmen to the task force.  I'll write a note to Bill Boswell
explaining how the task force is proceeding.  thanks, Rae


Hi Lindy.  Sorry I've not yet set up the meeting on imbalances...I feel I am
still lacking focus so thought I'd run this by you for your comments before
inviting people.

First of all, I believe the general topics we wanted to address were:

- imbalance netting & trading
- mandatory use of Park N Ride service for out of balance operators
- hourly determination of imbalances

Is this correct?

Next, the list of attendees:  you, me, Darrell, Richard Hanagriff, Sheila
Nacey (or someone else she designates).  Anyone else?

As far as timing, I am very flexible, so let me know what works for you, and
I'll get it set up.


Backstreet boy's suck..................................I'm very disapointed
with you............make sure you don't mention you music tastes when we go
riding the "hogs"...


Dennis,

I spoke with Rick Counihan from Green Mountain who is closely following this
issue.  He told me that the Commission is scheduled to issue a final decision
on the CEC credit on Nov. 17.  He spoke with CPUC staff who will be
recommending that the credit be reduced by 0.25 cents/kWh beginning December
1, 1999 through June 30, 2000.  Beginning in March or April of next year,
discussions will resume on what adjustments will be made beginning July 1,
2000.

Roger


I will do that.  Thanks DS

 -----Original Message-----
From: 	Buehler, Craig
Sent:	Wednesday, September 19, 2001 10:41 AM
To:	Schoolcraft, Darrell
Subject:	FW: education

Darrell,

	I know you're very busy but Ranelle is the new Pricing Desk person and needs info on the southend of the pipe.  I was wondering if you could give her a call and get her up to speed on the area.  Sorry, but you're the best guy for the job.

Craig                    Ranelle 8287-7063 in Omaha
 -----Original Message-----
From: 	Paladino, Ranelle
Sent:	Tuesday, September 18, 2001 4:43 PM
To:	Buehler, Craig
Subject:	education

HELP!!!  I really need an explanation of how TW, NNG, and El Paso fit together in the South End.  I am so lost.  Do you have any time to just talk to me about a couple of points?  I know you are busy right now, so when you do have a free moment.  Or, is it better if I call Vernon?
Ranelle


No I mean are you awake or are you just sleeping at your desk.  By the way,
thanks for taking the movie back last night.

Gabriel Monroy
12/15/2000 09:08 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re:

Do you mean am I here??


FYI these are the standards we are putting out there for GCP worldwide
(draft at the moment -- to initiate a debate)

some of the standards are quite "lofty" but I think we can get there.    I
don't think they are unreasonable.

Just to keep you in the loop

B
 -----Original Message-----
From:  Pallant, Kathryn
Sent: Tuesday, March 20, 2001 4:43 PM
To: Hunter-Lindsay, Brian; Kemp, Sam; Jordan, Mike; New, James
Cc: Scribner, James; Beth Apollo/HOU/ECT@ENRON; Hare, Bill
Subject: Fundamental Operating Standards

All,

As you may be aware there has been an effort, fostered in Houston by Beth
Apollo, to draft a set of "Fundamental Operating Standards".  The object of
these standards is to set out the best practices of the Global Counterparty
group for all locations (Houston, Calgary, London, Southern Cone).

We are seeking your input to ensure that the Standards properly reflect a
London GCP perspective.  We - Bill Hare, James Scribner and myself - have
compiled a draft of the Standards which is attached below.

It's important to note that the Standards detail some procedures we have
always carried out, and some that we are working towards.  The intention of
setting Fundamental Operating Standards is to agree on and document common
objectives for GCP.   With this in mind, we look forward to receiving your
comments on and suggestions for the draft.

If you have any questions please phone me on the numbers below.

Regards,
Kathryn

Ph: 8345 9336 (tie line)
or 001 713 345 9336


Starting tomorrow, 11/28/01 we will be included with the Gas Breakfast and Lunches.  However, there will be a cost of $5.00 each or $10.00 total when breakfast is provided.  They will have lunch everyday and breakfast only three days of the month, which will be during bid week.

I will come around every morning and collect your money...I will then have to provide a list to the Gas people who will be checking your name off as you enter the breakfast/lunch line.

Please let me know if you have any questions.

REMEMBER...ONLY THOSE WHO GIVE THE $5.00 WILL BE EATING.

Thanks for your cooperation,

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


Attached please find Dynegy's comments on the proposed RTO West draft
proposal.  Please contact Karen Shea at 925.469.2319 with any questions you
may have.  Thank You.

(See attached file: DynegyCommentsRTOWestDraftFinal.doc)


See below re follow up with Joe Deffner and John Arnold at the request of
Mark Haedicke.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 10/10/2000 09:56 AM -----

	Mary Cook
	09/29/2000 08:26 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron Affiliates Using MG as Broker

I have since spoken with John Arnold and Joe Deffner regarding the matter.

Per John:  He sees some value in utilizing MG in the nature of broker fees
reduction; however, his general estimate is only 2MM a year savings.
However, he sees the value in the margin credit lines we now have and are
continuing to increase.  I spoke with him briefly regarding the legal issues
which I think he appreciated as significant.

Per Joe:  He also sees a limited economic advantage in respect of the broker
fees.  However, he thinks the interest free margin lines provide us with
greater value, in part due to increased liquidity and the insulation from
funds flow volatility.  Joe thinks margin lines should be utilized first and
then outside brokers.  He sees MG pretty much as any other outside broker.

If you have any questions, call.

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

	Mark E Haedicke
	09/25/2000 01:26 PM

		 To: Mary Cook/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron Affiliates Using MG as Broker

Please call John Arnold and ask him where the traders are coming out on
this.  Let me know.  Mark


Start Date: 4/11/01; HourAhead hour: 20;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041120.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 20 / Preferred:  10.99 / Final:  10.98)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI


Bob Shults is scheduled to be in Atlanta, GA on the 17th of March and would
like to reschedule the "customer profiling meeting", to Tuesday, March 24st
at t 1:30 p.m., location to be announced.  If you are unable to attend please
let me know.

Lydia
3-9975


Mark:

I am attaching a revised list.  I forgot to show EBS, not that is has created a significant amount of work.
Thanks!

Marie


Great summary.  I think the two main issues you raise are the right ones, but
I have one other thought we should discuss internally.  Do we want to create
a set of incentives for the management of PJM that would entitle management
to incentive compensation to the extent they meet certain goals -- eg
relieving congestion on the grid, increasing throughput across the
transmission system, expediting interconnection (measured in terms of actual
interconnections not just applications approved), etc.  This way we could
create an organization that would have the incentive to make a workable and
open transmission system.

From: Sarah Novosel on 07/13/2001 07:57 AM

To: Kevin M Presto/Enron@EnronXGate, Mark Dana Davis/HOU/ECT@ECT, Jeff
Ader/HOU/EES@EES, Edward D Baughman/Enron@EnronXGate, Joe
Gordon/Enron@EnronXGate, Janelle Scheuer/Enron@EnronXGate, mbrown9@enron.com,
Mark Bernstein/HOU/EES@EES, John Llodra/Enron@EnronXGate, W David
Duran/Enron@EnronXGate, George Wood/Enron@EnronXGate, Dave
Perrino/SF/ECT@ECT, Paul J Broderick/Enron@EnronXGate, Jason
Thompkins/Enron@EnronXGate, Mason Hamlin/Enron@EnronXGate, Robert
Stalford/Enron@EnronXGate, Tom May/Enron@EnronXGate, Gautam
Gupta/Enron@EnronXGate, Narsimha Misra/Enron@EnronXGate, Steve
Montovano/NA/Enron@Enron, Garrett Tripp/Enron@EnronXGate, Berney C
Aucoin/Enron@EnronXGate, Jason Thompkins/Enron@EnronXGate, Rob
Wheeler/Enron@EnronXGate, Rogers Herndon/Enron@EnronXGate, Jim
Meyn/Enron@EnronXGate, Aleck Dadson/Enron@EnronXGate, Daniel
Allegretti/Enron@EnronXGate, Pearce W Hammond/HOU/EES@EES, Donna
Fulton/Corp/Enron@ENRON, Howard Fromer/NA/Enron@Enron, Kathleen
Sullivan/NA/Enron@ENRON, Tom Hoatson/Enron@EnronXGate, Thane
Twiggs/Enron@EnronXGate, Sarah Novosel/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Charles Decker/HOU/EES@EES, Nick
Politis/Enron@EnronXGate, sscott3@enron.com, Aleck Dadson/Enron@EnronXGate,
Lloyd Will/Enron@EnronXGate, Ray Alvarez/NA/Enron@ENRON, Susan M
Landwehr/NA/Enron@Enron, Charles Yeung/HOU/ECT@ECT, Andy
Rodriquez/Enron@EnronXGate, John J Lavorato/Enron@EnronXGate, Louise
Kitchen/Enron@EnronXGate, Greg Whalley/Enron@EnronXGate,
susan.j.mara@enron.com, Jeff Dasovich/NA/Enron@Enron, Karen
Denne/Enron@EnronXGate, mpalmer@enron.com, Alan Comnes/Enron@EnronXGate, Tom
Briggs/NA/Enron@Enron, John Shelk/NA/Enron@Enron, Pat
Shortridge/Corp/Enron@Enron, Chris Long/Corp/Enron@ENRON, Mike
Roan/ENRON@enronXgate, Kerry Stroup/NA/Enron@Enron, Janine
Migden/Enron@EnronXGate, Dave Mangskau/Corp/Enron@ENRON

cc:

Subject: PJM RTO Order

Attached is a summary of the PJM RTO order.  While it is somewhat lengthy,
the order has a lot of good information in it that I wanted to share with the
group, particularly the Commission's statements regarding the existing
configuration of the northeast and the need to expand it.

We are working on summaries of the New York and New England RTO orders and
will have those out shortly.  If you would like copies of the orders, just
let us know.

We expect the mediation proceeding to begin within the next week.  We will
keep you updated.

Sarah


I have changed responsibilities and am working in EGM.  Could you please
begin sending the Master Swap Documents to Joe Hunter.

Thanks,
Jeff


Hello,
Bill Perkins of Small Ventures USA is having a party this Saturday at the
Mercantile bar downtown.  He has rented out the place, has a band, open
bar...  usually pretty fun.  He asked me to give both of you an invite in
appreciation of the work you've done for him.   If you have interest, ccmail
me with whether you need one or two invites each.
John


Seems reasonable to me that we tell NERC they can't "make a land grab".  How about EPSA and ELCON signing a letter together to the Chairman of NERC Board?

Jim

-----Original Message-----
From: Rodriquez, Andy
Sent: Wednesday, October 17, 2001 11:33 PM
To: Steffes, James D.
Cc: Steffes, Darla
Subject: FW: BOT Support for the ESC and Sector Voting

Oops - sorry Darla.  I hit enter when I should have hit down arrow.

Jim, my apologies.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771

-----Original Message-----
From: Rodriquez, Andy
Sent: Wednesday, October 17, 2001 11:31 PM
To: Yeung, Charles; Bestard, Jose; Steffes, Darla; Shapiro, Richard
Subject: RE: BOT Support for the ESC and Sector Voting

Charles, Jose, Jim, and Rick,

I would like to send the letter below out to the ESC.  Before I do so, do you have any objections?  I would like to put some fire under this issue, as the "new sector weighted voting model" seems to be yet another way to preserve the power of the traditional utility.  However, I don't know if we will compromise any of our other positions by stirring this particular pot.  Thoughts?

Andy

Gordon,

When did the ESC vote to adopt the  "new sector weighted voting model?"  Has the ESC been absorbed into NERC, and is the NERC Board ordering them to use this new model?  If so, is the ESC a new standing committee?  Do they report directly to the board? Just where would the ESC fit in NERC?

Unless the ESC votes to change their charter to say they are a group under NERCs control, I don't see how this can move forward as written.  The ESC has never been a NERC group, but instead a industry collaborative which NERC has assisted with administrative matters (facilitation, meeting schedules, etc...).  If I recall correctly, there was a significant number of people that specifically did not _want_ the ESC to be a NERC group, (APPA, ELCON, EPSA, and a few others, if I remember correctly).  This was why the NERC ESTF became the non-NERC ESC.  I expect several entities will have comments to make before just handing the keys to NERC.

Of course, those comments may have already been made at the Board, and may have been addressed there.  But I seriously don't think NERC can just "annex" the ESC without the ESC voting to be annexed.

Other members of the ESC - do you share this concern?

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771

-----Original Message-----
From: Gordon Scott [mailto:Gordon.Scott@nerc.net]
Sent: Wednesday, October 17, 2001 9:55 AM
To: Electronic Scheduling Task Force
Subject: BOT Support for the ESC and Sector Voting
Importance: High

Dear ESC,

Attached are two documents from the recent NERC BOT meeting: 1.  Board
Resolutions; 2. Initial Voting Sectors and Criteria Model.

In the Board Resolution document please note items 7, 8, and 9 as they
deal directly with the ESC.

Thanks, Gordon.

		 <<Board Resolutions on Items 20 21 22.doc>> 	 <<FINAL
SCRTF Initial Sectors and Criteria 092701.doc>>


http://uts.cc.utexas.edu/~jaillet/research/swing.html Swing


Due to the current business circumstances the hours to the Energizer Cafe, The Express Store, and Plaza Java will be adjusted as of Monday, December 10, 2001.  Please note the operating hours for each location below:

Energizer Cafe		Breakfast: 7:30 to 9:00 AM
			Lunch: 11:30 AM to 1:00 PM

The Express Store	8:30 AM to 3:00 PM

Plaza Java		7:00 AM to 3:00 PM

Thank you.


Dan--

After meeting with Quantum, I have attached some suggested revisions to the
documents for your review.  We (me & Quantum) still have a couple commercial
issues to discuss so this will not be the last turn...but we're close.

Let me know your thoughts.  Thanks.

Dan

P.S.  Thanks for your quick turnaround on Westport; I was very involved in
the deal and know that our quick action was important to securing the
dedication...[and its Mike's first deal up in Denver!


EEI's State Restructuring Service Web Site was just launched last month and
recorded over 11,000 hits in October.  We think that if you are at all
interested in what's going in restructuring states in response to
California's ongoing demand/supply imbalance, market problems in several
other states, you would be interested in EEI's new Web site.

The State Restructuring Service includes:

o  News and analyses of noteworthy legislative, regulatory and judicial
decisions as they occur
o  Implementation decisions in restructuring states
o  Noteworthy restructuring-related actions in other states, even if not of
comprehensive scope
o  E-mail notification of all noteworthy restructuring and related actions
o  E-mails are posted to the Web site's Action Alerts section within 24 hours
o  Site's Action Alerts are browsable and fully searchable
o  Hyperlinks to all Web posted source documents are provided
o  Policy overviews and analyses of all comprehensive restructuring laws and
regulatory decisions

The service includes e-mail notification of breaking restructuring actions,
as well as full access to the Web site.  For those who just need a heads up
about noteworthy state policy actions, the e-mail service is available as a
separate stand-alone service (free to members) or for half the price of the
full Web service.  We cover all aspects of restructuring the electric utility
industry and the implementation of retail electricity competition at the
state level from the comprehensive laws, to regulatory and judicial decisions.

Availability --------------------------->

The Web site is available to EEI members (free of charge) and to anyone else
for a fee at:
http://www.eei.org/7online/online/srs/

Please see the attached MS Rich Text Format file with more information about
how members can get an ID/Password, as well as the pricing and subscription
process for EEI Associate members and non-member organizations.

Please feel free to forward this e-mail (with attachment) to anyone you think
might be interested in staying informed of state restructuring policy
developments and researching existing state policies.

EEI member utilities wishing to have access should contact Lynn Hailes at:
lhailes@eei.org or 202/508-5624.

EEI Associates and non-members should review the attached file and direct
questions about subscribing to ekaleda@eei.org or call 202/508-5005.

Questions about the product and its content should go to Norman Jenks at:
njenks@eei.org or 202/508-5533.

Thank you for your interest in our State Restructuring E-Forums!

Norman Jenks and Lynn Hailes

 - SRSBrochureText.rtf


Steve:
Based on the note from Rosalee, and if you agree, I'm going to assign low
priority to the issue.

Jeff

	Rosalee Fleming
	03/13/2001 08:46 AM

		 To: Steven J Kean/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Vanessa Groscrand/Corp/Enron@ENRON
		 Subject: Re: Fellow referred to me by Ken Lay

Hi Steve and Jeff -

This was a cold call to Ken that Vanessa took while we were in Exec. Comm.
meeting.  She had asked Ginger who to refer him to as it was CA. and she
mentioned Jeff.  Please only call if there is any interest.

Rosie

From: Steven J Kean on 03/12/2001 04:46 PM
To: Jeff Dasovich/NA/Enron@Enron
cc: Vanessa Groscrand/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON
Subject: Re: Fellow referred to me by Ken Lay

It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


Thanks for the pictures.  I forwarded them to Kristi.  I hope everyone is well.

DG

 -----Original Message-----
From: 	"Dawn and Gary Wilson" <dkenne@houston.rr.com>@ENRON
Sent:	Wednesday, November 07, 2001 8:25 AM
To:	Love, Phillip M.; Sweitzer, Tara; Bagwell, Jennifer J; Waldhauser, Michelle; Giron, Darron C.; Quick, Joan; Rosado, Jennifer
Subject:	Fw: Pictures of Grace

Here are some recent pictures of Grace.   Cannot believe she is already 7 weeks old!  Hope you guys are all  doing well and hope to see you soon.

Dawn
 - Boppy.jpg << File: Boppy.jpg >>
 - DSC00120.JPG << File: DSC00120.JPG >>
 - DSC00123.JPG << File: DSC00123.JPG >>
 - DSC00124.JPG << File: DSC00124.JPG >>
 - DSC00125.JPG << File: DSC00125.JPG >>
 - DSC00128.JPG << File: DSC00128.JPG >>


ISO Market Participants:

Links to FERC Filings:

<http://www2.caiso.com/docs/2001/10/02/200110020922084642.pdf>

California ISO filing in compliance with the Commissions June 19, 2001
"Order on Rehearing of Monitoring and Mitigiation Plan for the California
Wholesale Electric Markets, Establishing West-Wide Mitigation, and
Establishing Settlement Conference", 95 FERC 61,418, in Docket Nos.
EL00-95-000
<http://www2.caiso.com/pubinfo/FERC/filings/>
LINK IS ABOUT 1/4 down.

Client Relations Communications
CRCommunications@caiso.com


Did you guys need me to make a hotel reservation for you guys??(Holiday Inn
sound good??).....

MC


Traveling to have a business meeting takes the fun out of the trip.  Especially if you have to prepare a presentation.  I would suggest holding the business plan meetings here then take a trip without any formal business meetings.  I would even try and get some honest opinions on whether a trip is even desired or necessary.

As far as the business meetings, I think it would be more productive to try and stimulate discussions across the different groups about what is working and what is not.  Too often the presenter speaks and the others are quiet just waiting for their turn.   The meetings might be better if held in a round table discussion format.

My suggestion for where to go is Austin.  Play golf and rent a ski boat and jet ski's.  Flying somewhere takes too much time.


On Friday, August 4 JB and I had a discussion re: engaging Wisvest in a
dialogue to resolve some of the major issues around the San Antonio project.
In that discussion I reiterated what was discussed at the 8/2/00 Board
meeting which was:  a) we needed to finalize the numbers re: the WMI royalty
renegotiation; b) verify the expected EPC costs to complete the project; c)
revise the project pro-forma to reflect the revisions in (a) and (b) and d)
run sensitivity analyses on the level of subordination Wisvest would have to
accept in order to make the project economics viable.  In our phone
conversation on 8/4/00 we again agreed this was the right course of action to
take.  Subsequent to that call, JB had conversations w/ Derek Price at
Wisvest re: prospective meeting dates and exchanging various info re: the
project.  In another phone conversation on Monday, August 7, I specifically
asked JB whether he had sent the project pro-formas and/or other proprietary
info to Derek Price to which JB responded "no."  He said he "... sent him
summary info ... but did NOT send him the pro-forma ..."  I then asked him to
forward to me copies of everything he had sent to Derek.  What he sent to me
was some very basic e-mails and financial summary info.  I also asked Derek
to forward to me everything JB had sent to him and I got a whole lot more,
including the full-blown project model/pro-forma.  This has seriously
diminished all of our negotiating leverage!

On 8/10/00, I became aware of some efforts that appear to involve JB in
setting up a South American version of Ecogas (Ecogas S.A.) and called him to
inquire as to what was going on.  In our phone conversation JB explicitly
denied "any involvement" including any "ownership" in such an enterprise.  I
also asked JB to forward to me by Friday, 8/11/00, copies of any and all
documents, agreements, etc... relating to Ecogas S.A.  To date he has sent me
nothing but an undated DRAFT MOU as well as some misc and meaningless
correspondence (undated and/or old e-mails, etc...).  None of the info sent
is what I asked for on August 4 (complete execution copies of the MOU
regarding Ecogas S.A. including ownership interests, etc... as well as copies
of Articles of Incorporation for Ecogas S.A., etc...Who is Ecogas S.A.?
Where is it currently incorporated?  Who are the beneficial owners?  Under
what authority are you transacting business (what is your title, etc...)  JB
continues to reference "nothing has been signed, incorporated, etc..." - then
why is JB's signature evidenced on an "Amendment" to the "Memorandum of
Understanding:  Ecogas S.A. - Tortola/JCS"?

JB referenced the need to "directing our efforts to resolution of the crisis,
rather than continuing personal distractions and devisiveness."  For the past
couple of months he has been asked to generate cash by selling assets,
greenhouse gas emission credits, etc...  To the best of my knowledge Ecogas
has yet to see one penny!

As always there seems to be a direct contradiction between the "stories" and
the facts!


Wednesday, November 21st

Breakfast:  Assorted Breakfast Tacos/Fruit
Lunch: Domino's Pizza
Assorted Pizza and Soft Drinks

Monday, November 27th

Breakfast:  Assorted Pastries/Fruit
Lunch:  James Coney Island
Two Coney's (Chilli, Cheese, Onions)
or
One Hamburger (Cheese, Lettuce, Tomato, Pickles, Onions)
Assorted Chips
Cookie or Brownie
Assorted Soft Drinks

Tuesday, November 28th

Breakfast:  Assorted Crossiant Sandwiches/Fruit
Lunch:  Crumley's
Assorted Sandwiches
Tortilla or Baked Potato Soup
Assorted Desserts
Iced Tea


I think you have picked the two most interesting industries.  Because energy
and telecom both have natural monopoly characteristics, the government gets
involved in economic regulation (not just the usual environment, safety,
labor and other types of regulation which all businesses are subject to).
That means that there is constant interplay between policy makers and the
business community and that policy makers have alot to say about which
business strategies will be successful.

Rob Wilson@ENRON
07/24/2000 04:44 PM

To: Steven J Kean/HOU/EES@EES
cc: Mike McGowan/ET&S/Enron@ENRON
Subject: Doctoral studies

Steve,
Vince Kaminski suggested I contact you, I'm the Gov't Affairs rep for NNG in
Omaha and begin a doctoral studies program this fall at NU. I plan a research
emphasis in regulatory politics, specific to energy and telecom market
convergence and the public interest. I'd welcome any advice or suggestions
you have regarding other potential area's of research, based on your
professional experience in the public policy arena.

I appreciate any guidance, I'm in the earliest stages of forming my advisory
committee and curriculum of study. My supervisor, Mike McGowan, sends his
regards.


You have received this email because the requester specified you as their Manager's alternate. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000082135&Page=Approval to review and act upon this request.

Request ID          : 000000000082135
Approver            : frank.vickers@enron.com
Request Create Date : 2/1/02 9:38:13 AM
Requested For       : craig.taylor@enron.com
Resource Name       : Market Data Kobra Power
Resource Type       : Applications


The East desk's No. 1 priority for RTOs is The Real Time Energy Market (no
day ahead balanced schedule requirement).  This means that the RTO should
post the supply and demand curve with real time prices (the best example at
this time is PJM's real time market).  A real time energy market is
fundamental for customers to get proper real time price signals upon which to
base their decisions to hedge or not on a forward basis.  It also provides
the proper price signals to the market on where generation and transmission
is needed.  Getting a real time energy market would advance Enron's ability
to provide more financial tools to customers.  This market can be nodal (or
zonal) in order to send location based price signals (for example, to NY
City), with the ability to aggregate from nodal to zone determined "proxy
buses."

While Kevin prefers the physical flowgate model with an option to collect
congestion revenues (rather than an obligation, similar to the PJM FTRs now),
the method of determining the congestion management is secondary to the
establishment of the real time energy market.  Regulatory people should use
their judgment (and talk with the desk) when determining how far to push
option-type flowgates, rather than obligation-type FTRs.  Such a physical
market transmission/congestion market can support a financial trading overlay.

If you do have an FTR type system, there should be an upfront allocation to
load.  Ideally, the load should have an "network" right from the generator to
their load (or from load to the "hubs") in order to have the ability to
manage the congestion risk in the forward market when serving end use
customers (EES) or for the ENA full requirements deals.  The nodes should be
grouped into logical "zones" and congestion within a zone should be uplifted.
This allocation to customers (or full blown auction of all rights) becomes
critical in Enron's ability to serve load and all requirements customers.
Without the proper allocation (not to incumbent utilties), the risk premium
to serve these customers becomes too high and can't be priced.

Finally, the market should have no price caps and preferably no icap market
like NEPOOL (prefer PJM's system where the load has to show the RTO that it
has contracted for enough reserves.)  We have urged the FERC in Florida to
adopt a reserve monitoring system, whereby customers are not penalized for
lack of icap unless they actually go under the reserve requirement, then they
are required to purchase icap for a certain amount of time until they
demonstrate continued compliance.

Bottom line -- "Do not let the perfect be the enemy of the good."  Congestion
does not need to be perfectly allocated to each load if that mechanism is
done in a manner that precludes Enron and others from developing efficient
real time energy markets that send a locational hourly price signal to the
generation (supply) and the load (demand).  This type of market will provide
greater services to customers and allow Enron to grow its business.

Finally, as we work toward this goal, remember that in the absence of a
real-time energy market, we need to continue to focus our efforts on
non-discriminatory treatment with respect to transmission (no native load
exception) and parking and lending, scheduling flexibility, etc.


Thanks.  I'll be away for a few days, and get back with you next week.  Jeff

	RusAmArts@aol.com
	01/31/2001 05:06 PM

		 To: Jeffrey.A.Shankman@enron.com
		 cc:
		 Subject: Re: Rina Kirshner

BASED ON MY EXPERIENCE IN THE FERTILIZER INDUSTRY (SOURCING AND SELLING TO
LARGE/INDUSTRIAL CLIENTS) I AM INTERESTED IN APPLYING FOR A JOB I SAW ON
ENRON'S WEBSITE.  THERE IS AN OPENING IN THE "WHOLESALE, RETAIL & COMM ENERGY
SERVICES" FOR A POWER REP IN NY. BUT, I AM AFRAID IF I SEND MY RESUME TO THE
HUMAN RESOURCE DEPT, THEY WILL BE CONFUSED BY MY ENTERTAINMENT / FERTILIZER
EXPERIENCE.  I WOULD LIKE TO ASK YOU IF THERE IS ANYONE YOU KNOW, AT ENRON
NY, THAT I CAN MEET WITH PERSONALLY.  IN A MEETING I CAN EXPLAIN MY
EXPERIENCE AND QUALIFICATIONS BETTER THAN I CAN IN MY RESUME.  I WAS VERY
GOOD AT SOURCING CLIENTS AND ESTABLISHING LONG TERM RELATIONSHIPS FOR
FERTILIZERS AND BELIEVE THAT I CAN TRANSFER THAT SKILL TO ENERGY.
BEST REGARDS,
RINA


Stephanie, I have forwarded your draft to my colleague Anita Khosla who has
just recently concluded negotiations with Enron Credit Corp and is therefore
probably better placed than myself to take on board these negotiations.  She
can be contacted on (212) 538-1938 and at antia.khosla@csfb.com

Thanks and regards

Keith

-----Original Message-----
From: Stephanie.Panus@enron.com [mailto:Stephanie.Panus@enron.com]
Sent: Wednesday, February 07, 2001 11:04 AM
To: keith.mcnally@csfb.com
Cc: Sara.Shackleton@enron.com; Clint.Freeland@enron.com
Subject: Draft ISDA Master Agreement

Mr. McNally,

Per the request of Clint Freeland of Enron Corp., attached for your review
is a draft of the ISDA Master Agreement between Enron Corp. and CSFB.  If
you will not be negotiating the Agreement on behalf of CSFB, please let us
know the correct person.

Please contact myself or Sara Shackleton if you have any questions.

(See attached file: 056ctr(csfb-ene).doc)

Stephanie Panus
Sr. Legal Specialist
Enron North America Corp.
1400 Smith Street, Suite 3806
Houston, Texas  77002
phone:  713.345.3249
fax:  713.646.3490

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


the defense couldn't even stop them.  they have no place to go but up.  i am
concerned about the d.  you need that to win in the playoffs.


Stinson,

It should be in the attached message.

Vince

Stinson Gibner
10/30/2000 04:29 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Forward oil prices

I can find someone or else do it myself.    Can you specify the historical
period and also how far out the curve we are providing?

Is it just WTI?

--Stinson


Here is the August Invoice analysis/breakdown.
 <<Enrn0108.XLS>>