----- Forwarded by Jeff Dasovich/NA/Enron on 03/12/2001 02:25 PM -----

	"Katie Kaplan" <kaplan@iepa.com>
	03/12/2001 01:24 PM

		 To: "'Katie Kaplan'" <kaplan@iepa.com>, "'Andy Brown (E-mail)'"
<ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>,
"'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante
(E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Douglas Kerner (E-mail)'"
<DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jean Munoz (E-mail)'"
<jmunoz@mcnallytemple.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John
Larrea (E-mail)'" <john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Kristin Vellandi
(E-mail)'" <kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'"
<lale@dynegy.com>, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>,
"'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com>, "''Nam Nguyen'
(E-mail)'" <nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Rob Lamkin (E-mail)'" <rllamkin@seiworldwide.com>, "'Roger Pelote
(E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom Ross
(E-mail)'" <tross@mcnallytemple.com>
		 cc: "Carol H Hudson (E-mail)" <Chudson@iepa.com>, "Jan Smutny-Jones
(E-mail)" <smutny@iepa.com>, "Steven Kelly (E-mail)" <steven@iepa.com>,
<danielle.quan-hill@mirant.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>
		 Subject: RE: Public Affairs Committee

Just a reminder of the call at 1:00 today!

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

-----Original Message-----
From: Katie Kaplan [mailto:kaplan@iepa.com]
Sent: Thursday, March 08, 2001 10:15 AM
To: 'Katie Kaplan'; 'Andy Brown (E-mail)'; 'B Brown Andy (E-mail)'; 'Baker
Carolyn (E-mail)'; 'Bob Escalante (E-mail)'; 'Bob Weisenmiller (E-mail)';
'Curtis Kebler (E-mail)'; 'Douglas Kerner (E-mail)'; 'Greg Blue (E-mail)';
'Jan Smutny-Jones (E-mail)'; 'Jean Munoz (E-mail)'; 'Jeff Dasovich
(E-mail)'; 'Joe Ronan (E-mail)'; 'John Larrea (E-mail)'; 'John Stout
(E-mail)'; 'Julee Malinowski-Ball (E-mail)'; 'Kassandra Gough (E-mail)';
'kent Palmerton (E-mail)'; 'Kristin Vellandi (E-mail)'; 'Lynn Lednicky
(E-mail)'; 'Marty Wilson (E-mail)'; 'McNally Ray (E-mail)'; ''Nam Nguyen'
(E-mail)'; 'Norton Kelli (E-mail)'; 'Paula Hall-Collins (E-mail)'; 'Pigott
Jack (E-mail)'; 'Richard Hyde (E-mail)'; 'Rob Lamkin (E-mail)'; 'Roger
Pelote (E-mail)'; 'Stephanie-Newell (E-mail)'; 'Sue Mara (E-mail)'; 'Theo
Pahos (E-mail)'; 'Tom Ross (E-mail)'
Cc: Carol H Hudson (E-mail); Jan Smutny-Jones (E-mail); Steven Kelly
(E-mail); 'danielle.quan-hill@mirant.com'; 'Alex Sugaoka (E-mail)'; 'Bill
Carlson (E-mail)'; 'Bill Woods (E-mail)'; 'Bob Ellery (E-mail)'; 'Bob Gates
(E-mail)'; 'Cody Carter (E-mail)'; 'Curt Hatton (E-mail)'; 'David Parquet';
'Dean Gosselin (E-mail)'; 'Doug Fernley (E-mail)'; 'Duane Nelsen (E-mail)';
'Ed Tomeo (E-mail)'; 'Eileen Koch (E-mail)'; 'Eric Eisenman (E-mail)';
'Frank DeRosa (E-mail)'; Frazier Blaylock (E-mail); 'Hap Boyd (E-mail)';
'Hawks Jack (E-mail)'; 'Jim Willey (E-mail)'; 'Joe Greco (E-mail)';
'Jonathan Weisgall (E-mail)'; 'Kate Castillo (E-mail)'; 'Kelly Lloyd
(E-mail)'; 'Ken Hoffman (E-mail)'; 'Kent Fickett (E-mail)'; 'Lynn Lednicky
(E-mail)'; 'Marty McFadden (E-mail)'; 'Paula Soos'; 'Randy Hickok (E-mail)';
Rick S. Koebbe (E-mail); 'Ross Ain (E-mail)'; 'Steve Iliff'; 'Steve Ponder
(E-mail)'; 'Tony Wetzel (E-mail)'; 'William Hall (E-mail)'
Subject: RE: Public Affairs Committee
Importance: High

Here is the "kick-off" memo requested by the folks on the Public Affairs
call on Monday.  Please review the document an send me any comments.  Just a
reminder... we will hold a Public Affairs call on Monday March 12, 2001 at
1:00 PST to discuss this memo and other issues.
The call in number is:  1-800-486-2460
The Pass code is:               120895

As always, please let me know if you have any questions.
Thanks!

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

-----Original Message-----
From: Katie Kaplan [mailto:kaplan@iepa.com]
Sent: Friday, March 02, 2001 5:08 PM
To: 'Andy Brown (E-mail)'; 'B Brown Andy (E-mail)'; 'Baker Carolyn
(E-mail)'; 'Bob Escalante (E-mail)'; 'Bob Weisenmiller (E-mail)'; 'Curtis
Kebler (E-mail)'; 'Douglas Kerner (E-mail)'; 'Greg Blue (E-mail)'; 'Jan
Smutny-Jones (E-mail)'; 'Jean Munoz (E-mail)'; 'Jeff Dasovich (E-mail)';
'Joe Ronan (E-mail)'; 'John Larrea (E-mail)'; 'John Stout (E-mail)'; 'Julee
Malinowski-Ball (E-mail)'; 'Kassandra Gough (E-mail)'; 'Katie Kaplan
(E-mail)'; 'kent Palmerton (E-mail)'; 'Kristin Vellandi (E-mail)'; 'Lynn
Lednicky (E-mail)'; 'Marty Wilson (E-mail)'; 'McNally Ray (E-mail)'; ''Nam
Nguyen' (E-mail)'; 'Norton Kelli (E-mail)'; 'Paula Hall-Collins (E-mail)';
'Pigott Jack (E-mail)'; 'Richard Hyde (E-mail)'; 'Rob Lamkin (E-mail)';
'Roger Pelote (E-mail)'; 'Stephanie-Newell (E-mail)'; 'Sue Mara (E-mail)';
'Theo Pahos (E-mail)'; 'Tom Ross (E-mail)'
Cc: Carol H Hudson (E-mail); Katie Kaplan (E-mail); Jan Smutny-Jones
(E-mail); Steven Kelly (E-mail); 'danielle.quan-hill@mirant.com'; 'Alex
Sugaoka (E-mail)'; 'Bill Carlson (E-mail)'; 'Bill Woods (E-mail)'; 'Bob
Ellery (E-mail)'; 'Bob Gates (E-mail)'; 'Cody Carter (E-mail)'; 'Curt Hatton
(E-mail)'; 'David Parquet'; 'Dean Gosselin (E-mail)'; 'Doug Fernley
(E-mail)'; 'Duane Nelsen (E-mail)'; 'Ed Tomeo (E-mail)'; 'Eileen Koch
(E-mail)'; 'Eric Eisenman (E-mail)'; 'Frank DeRosa (E-mail)'; Frazier
Blaylock (E-mail); 'Hap Boyd (E-mail)'; 'Hawks Jack (E-mail)'; 'Jim Willey
(E-mail)'; 'Joe Greco (E-mail)'; 'Jonathan Weisgall (E-mail)'; 'Kate
Castillo (E-mail)'; 'Kelly Lloyd (E-mail)'; 'Ken Hoffman (E-mail)'; 'Kent
Fickett (E-mail)'; 'Lynn Lednicky (E-mail)'; 'Marty McFadden (E-mail)';
'Paula Soos'; 'Randy Hickok (E-mail)'; Rick S. Koebbe (E-mail); 'Ross Ain
(E-mail)'; 'Steve Iliff'; 'Steve Ponder (E-mail)'; 'Tony Wetzel (E-mail)';
'William Hall (E-mail)'
Subject: Public Affairs Committee
Importance: High

Greetings:

As many of you know, the IEP Board met last week and decided upon a new
committee structure within IEP. The Public Affairs Committee was created to
replace the Market Response Committee with Greg Blue appointed as the
interim chairperson. We would like to move to establish this new committee
as soon as possible and meet to discuss direction, specific upcoming issues,
an overall plan, budget and structure for the year. We would like to start
this process with a conference call on Monday March 5, 2001 at 3:00 p.m.
Please see call in information below. (It is not necessary for any
consultants to participate in the Monday call.)   This conference call will
be followed by an in-person meeting here at IEP on Thursday March 8, 2001 at
2:00 p.m.

If you are interested in participating on this committee please signify that
with an e-mail response to this message.

For those planning on participating on the conference call we will send out
the agenda on Monday.  During that conference call we will also set the
agenda for the Thursday in person meeting. During the Thursday meeting we
would also like to move to select a permanent chairperson.

Thank you for your attention to this important matter and I look forward to
continuing to work with each of you and make this new committee structure a
success.
I have set up a permanent Conference Call in number and Pass-code for the
Public Affairs Committee that we will use every time we have a conference
call.  We will begin using this call-in number on Monday.
The call in number for Monday's 3:00 p.m. call is is:
        1-800-486-2460
The Pass-code is:
120895

Thanks,

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499


Hello all,

Here is a new ISDA request for The Wiser Oil Company. Fred LaGrasta would
like to hand deliver the draft next week when he visits the company.
If you have any questions, please feel free to call.

Regards,

Brad


The new deal #s are 147888,147889.

-E


> Hello Vince,
>    NIe bardzo wiem czy pisac po polsku czy po angielsku :)
>    Co u Ciebie slychac ?
>   U mnie troche zmian jak ze juz nie pracuje w SCEM ,  a przenioslem sie
> do MIECO  ( a small Marubeni backed energy-america trading company ) .
> Bardzo rozne od SCEM. Najbardzij przypomina mi SCEM na poczatku z Joe, jak
> bylo 20-30 osob. Sa i minusy i plusy. Troche structure i research ale
> przede wszystkim weather.   TRrovhe latam miedzy East i West bo sa officy
> w obydwu miejscach.  California jest ok w zimie :).
>    Na bardziej personalnym froncie;  pamietasz dinner na ktory poszlismy
> kiedys na conferencji w NY z Catherine ( she used to work for Williams-
> works for Morgan Stanley now ) ,  we are dating  ( for a while) . It is a
> good story how we met. So we owe you dinner :)
>    Jak bylem w Atlancie to pracowala dla mnie Christa Grey.  Bedzie teraz
> konczyla grad school in international relations ( with Eastern European
> slant ), i zastanawia sie czy sa jakies mozliwosci polaczenia tego co
> robila ze "Wschodem".  Co robila to bylo przede wszystkim VB
> implementations modeli , ( roznego rodzaju) , Web based data collections,
> basic research ,  teraz jest w gas structuring etc.  She speaks russian
> and was in Ukraine/Poland few times on Peace Corp assingments. She is very
> bright and dedicated.  Myslalem zeby ja zwabic do Californii ale ten
> Eastern European pociag jest u niej silniejszy niz u mnie :). I have here
> resume, wiec jak bys myslal ze jest jakis fit I will foreward it to you.
>   Troche tak mieszanka pisze, przepraszam
>   Bede chyba w Houston w pazdzierniku to moze bysmy sie mogli spotkac.
> Latwiej pewnie by bylo w NY ( mieszkam po NJ stronie ( rent jest inny niz
> w Atlancie :) (201) 222-0435), wiec daj mi znac jakbys mial czas i ochote.
> Thanks
> Roman
>


Cool.  This is in Baja?  Can we get pictures?

	Cameron Sellers <cameron@perfect.com>
	09/27/2000 03:26 PM

		 To: "'Prentice (Berkeley)'" <psellers@haas.berkeley.edu>
		 cc: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 Subject: FW: Mexico OnLine

Cameron Sellers
Vice President, Business Development
PERFECT.COM
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

-----Original Message-----
From:    JanelB3@aol.com [mailto:JanelB3@aol.com]
Sent:   Wednesday, September 27, 2000 1:10 PM
To:   cameron@perfect.com
Subject:   Re: Mexico OnLine

Dear Cameron
The dates you requested are open.
As you have  recognized from our website,  we have a lush, lovely, peaceful
garden oasis in an authentic historical pueblo that is also gaining interest
as  home to many artists and  others interested in living in a most unique
environment.  Our aim is to provide a memorable experience with modern
facilities that also reflect the beauty and comfort of Mexican rustic
design.  Our casitas have kitchens, baths and covered patios that afford
privacy and a renewing atmosphere.  Great care has been taken to provide
service and comfort.
Our prime season is approaching so it is well advised to book early. We have
a number of inquiries for the dates you requested.
The rates as described are $80 USD per night for the casita .which is
separate and very private. The weekly rate is $450 USD.  To hold a
reservation we require a 50% deposit when you have your exact dates. Let us
know what they are and I will mail instructions.
If this is your first time to this area or if there are any questions you
might have, please fell free to write. and I will do my best to answer. Our
community site for up to date events is www.todossantos.cc
Mil gracias for your inquiry.  Linda Macfarlane for Las Palmas Casitas


Tim looks good to John and I.  Thanks for you help.

ds

 -----Original Message-----
From: 	Jones, Timothy
Sent:	Wednesday, August 22, 2001 12:23 PM
To:	Buchanan, John; Schoolcraft, Darrell
Cc:	Jolly, Rich
Subject:	Year 2002 Blanco Hub/Ignacio La Plata O&M Budgets
Importance:	High

Gentlemen, see attached proposed 2002 Partnership Budgets for our upcoming meeting (Dates Pending).  Any questions/concerns/changes, call me.

NOTE:  J. Buchanan, per our telco, I revised the Market Services Attach#3 to reflect 2001 budget plus 3.5% for 2002.

		 << File: 2002 BLANCO HUB BUDGET.xls >> 		 << File: 2002 IGNACIO_LA PLATA BUDGET.xls >>

						Thanks,  tj


Dick:

That will be fine.  However, you need to attach the trade confirmation
(marked Exhibit "A") to each of your certificates since that is how each
certificate is drafted.

Thus, for the April 12, 2001 transaction, please resend your certificates
with the appropriate attachments as referenced in the certificates.   Please
call if you have any questions.

Thanks for ;your assistance.

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

	"Dick D VARNER" <Dick.Varner@EWEB.Eugene.OR.US>
	05/01/2001 04:02 PM

		 To: <Sara.Shackleton@enron.com>
		 cc:
		 Subject: Re: Representations for ISDA Transaction

From our end, we would like to have the direct reference to the specific
confirm.  I know it is a little more hassle, but it works better for us
politically.

>>> <Sara.Shackleton@enron.com> 05/01/01 01:14PM >>>
Dick:

I never heard back from you regarding my email of 4/18/01.  I had asked if
you would mind revising the forms of certificate which we will attach to
each trade confirmation.

We would appreciate revisions to the April 12, 2001 certificates.  This
will be the format for all future transactions.

Please send revisions to Kimberly Hundl.  Her phone number is (713)
853-1647 and fax if (713) 646-2443.

Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/01/2001 03:07 PM -----

                    Sara
                    Shackleton           To:     "Dick D VARNER"
<Dick.Varner@EWEB.Eugene.OR.US>@ENRON
                                         cc:     Kimberly
Hundl/Corp/Enron@Enron
                    04/18/2001           Subject:     Re: Representations for
ISDA Transaction(Document link: Sara
                    10:57 AM             Shackleton)

Dick:

I am suggesting a minor change to the "Power Risk Management Committee"
certificate (to eliminate the reference to the Exhibit "A").  If we leave
the reference in the certificate, you will always have to label the confirm
as Exhibit "A" and resend the completed papers to us.  Please let me know
if you are alright with this change.  If so, we ask that you please resend
the certificate dated April 12, 2001.  If you do not wish to make the
change, please resend the two certificates to which the confirmation
labeled Exhibit "A" is attached.

Please call if you have any questions.  Thanks.

(See attached file: EWEBISDA Confirm RepresentationsR1.doc)

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

                    "Dick D VARNER"
                    <Dick.Varner@EWEB.Eug        To:
<Sara.Shackleton@enron.com>
                    ene.OR.US>                   cc:
<Holli.Krebs@enron.com>
                                                 Subject:     Re:
Representations for ISDA Transaction
                    04/12/2001 07:00 PM

Thanks, Sara.  No problem making the changes.

>>> <Sara.Shackleton@enron.com> 04/12/01 01:56PM >>>

Dick:

Attached are my comments to the certificates.  We will need to attach the
form of confirmation to be certain that each particular transaction is
authorized.  Let me know if you have any questions.  Thanks.

(See attached file: EWEBISDA Confirm RepresentationsR1.doc)

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

                    "Dick D VARNER"
                    <Dick.Varner@EWEB.Eug        To:
<sara.shackleton@enron.com>
                    ene.OR.US>                   cc:
<Holli.Krebs@enron.com>, "Bert I DUNN"

<Bert.Dunn@EWEB.Eugene.OR.US>
                    04/12/2001 11:09 AM          Subject:
Representations for ISDA Transaction

Attached are drafts of two certificates which I believe will satisfy you
needs.  Please get back to me with any comments.

(See attached file: ISDA Confirm Representations)


Kay,

A&K did the title committment work and is now working on the Property
Association Documents (as is Greenberg Traurig in West Palm Beach).  Ann
Elizabeth's
last email message to me before she went on vacation was that A&K was the
designated hitter for the Midway Project.    You have been copied on those
docs which we desparately need to get to Cooney Midway Groves, the property
owner.  As far as I know, they have not been involved in anything else
related to Midway this year.

Christi left me a message saying that Lloyd Will or one of his guys needs to
review the Interconnction Agreement. I do not know Lloyd.

Greg

PS we had a good meeting with DERM on the landfill closure issues in the
Certosa Holdings deal.   I'll try to reach you this afternoon to discuss.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 7:45 AM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

How much involvement has A & K had on Midway?  I have other counsel engaged
for the sale, but this falls into a different category.

Kay

From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: RE: Midway Interconnect Agreement

Please see attachment below with Christi's comments.

-----Original Message-----
From: Jacoby, Ben
Sent: Tuesday, June 05, 2001 12:22 PM
To: Mann, Kay
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement,
and he will be sending us those comments today in a marked document. Have we
engaged outside counsel to review this agreement? I'd like to have a
commercial / legal review fully completed, and then get accounting / finance
to comment. I this something you were planning to have Carlos to work on
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction
Agreement for your reference.

Ben

 << File: FPL Construction  Connection Agreement Generic.doc >>


Good morning all:

The Petronas meetings and presentations will be in EB3321 on the 8th.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/11/2001
09:11 AM ---------------------------

Vince J Kaminski
01/08/2001 12:06 PM
To: Rick Buy/HOU/ECT@ECT, David Port/Market Risk/Corp/Enron@ENRON, John L
Nowlan/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
Subject: Re: Meeting on Feb 8, 2001

FYI.

This is the list of the Petronas executives visiting Enron on Feb 8.
I have invited them to lunch. Would you like to join me for lunch.

I would like to propose a short courtesy meeting at 10  with Jeff/John (5 -
10 minutes),
followed by RAC/Research presentation till 11:30.

Vince

P.S. I shall reserve a conference room for this meeting

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
10:02 AM ---------------------------

azminab@petronas.com.my on 01/07/2001 06:37:33 PM
To: Vince.J.Kaminski@enron.com, Shirley.crenshaw@enron.com,
KhairuddinBMJaafar@petronas.com.my
cc:
Subject: Re: Meeting on Feb 8, 2001

Dear Kaminski

4 members from Corporate Risk Management Unit

1. Iqbal Abdullah   - General Manager
2. Nur Azmin Abu Bakar   - Head, Risk Assessment & Controls
3. Zulkifli A Rahim - Head, Risk Measurement & Systems
4. Adnan Adams - Head, Special Projects

Regards

Vince.J.Kaminski@enron.com on 03/01/2001 09:45:02 PM

To:   azminab@petronas.com.my
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Subject:  Re: Meeting on Feb 8, 2001

Dear Mr. Nur Azmin Abu Bakar,

Thanks for your prompt reply.

Please, let us know how many members of your team will
visit Enron.

I look forward to our meeting on February 8.

Vince Kaminski

azminab@petronas.com.my on 01/02/2001 06:38:33 PM

To:   Vince.J.Kaminski@enron.com, KhairuddinBMJaafar@petronas.com.my,
      Shirley.crenshaw@enron.com
cc:
Subject:  Re: Meeting on Feb 8, 2001

Dear Kaminski,

  Happy New year and thank you for the reply.  We are honored to have
lunch with you and your team however we have another appointment at
2.30p.m.

Regards

Vince.J.Kaminski@enron.com on 03/01/2001 07:38:19 AM

To:   azminab@petronas.com.my
cc:   Vince.J.Kaminski@enron.com, Shirley.Crenshaw@enron.com
Subject:  Meeting on Feb 8, 2001

Dear Sir,

I would like to apologize for the delay in responding to your fax.
I was on vacation for the last few days.

I shall be honored to meet your delegation on Thursday, February 8 at 10:00
a.m.
Please, let me know if you will be free for lunch after the meeting.

Vince Kaminski


TKirchman@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 0:00-1:00 and 5:00 in the
November 23, 2001 Real-Time Market as well as the following hours per ECA
20010908B to verify prices:

HQ:  1:00, 5:00-6:00
NE:  1:00, 5:00-6:00
OH:  1:00, 5:00-6:00
PJM: 1:00, 5:00-6:00

In addition, the NYISO is reserving all locational reserve prices in hours
beginning 2:00, 6:00-8:00, 10:00-13:00, 19:00, 21:00-23:00 of the November
23, 2001 Hour-Ahead Market.

Prices in the November 24, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


Sally

No problem!  I'm actually out Thursday / Friday this week at a family funeral.  Unfortunately, my Grandmother passed away last week, although it was probably a blessing - she was 84 and very ill.  So, why don't we catch up next week?

Thanks

Anna

 -----Original Message-----
From: 	Beck, Sally
Sent:	04 June 2001 15:13
To:	McAndrew, Anna
Subject:	RE: Settlements Management Reports

Thanks for sending the attachments.  Didn't have a second to review them last week, but this week should be more manageable.  I was in Austin this weekend to celebrate my parents' 50th wedding anniversary.  Had the chance to hold and rock my new niece who is now 9 weeks old.  I think that I failed to mention while you were here that her name is Anna.  Such a doll.  --Sally

 -----Original Message-----
From: 	McAndrew, Anna
Sent:	Wednesday, May  30, 2001 8:43 AM
To:	Beck, Sally
Subject:	Settlements Management Reports

Sally

Thanks for all your time in Houston and I'd be delighted to continue discussions around commercialisation whenever you want.

As promised, please find attached examples of our monthly management reporting.  They are still evolving - at the moment they are missing aged debtors / creditors reporting (we should get in for June reporting once the function moves back into my area) and anything on Enron Credit.  However, comments and thoughts welcome!

Kind regards

Anna

 << File: Management Reporting_FebProd AMcA.doc >>  << File: Management Reporting_MarProd AMcA.doc >>


Deal 606396 is already in Sitara for Dec 2000-2001.

D

Michael Olsen@ENRON
02/20/2001 12:39 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Deal 502952

Daren,

Do you know if this deal was supposed to run through 12/00 and 1/01?  It was
a deal to buy 400 per day from Harman Operating and is currently in for
11/15/00 to 11/30/00.  Volume management said they are looking for their
money.

Let me know.

Thanks.


Reporter(WSJ)
Ed Dardis
UW - Mary Clark
Clarence


Peter:
Weyerhaeuser Company Limited, a company located in Ontario, wants to change
the standard securities rep that we have in our current ISDA Schedule to the
following:

"It is a Qualified Party within the meaning of the Ontario Securities
Commission, Rule 91-505 Over-the-Counter Derivatives."  Our current rep is
attached.  Is this something that we can agree to?
Carol


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 30294
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = FOURCORNERS
SINK = PNPK
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 05/02/2002
STOP_TIME = 05/02/2002
CEILING_PRICE = 1.95
OFFER_PRICE = 1.95
BID_PRICE = 1.95
PRICE_UNITS = $/mW
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = lisa.gang@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 05/01/2002

TIME_OF_LAST_UPDATE = 05/01/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS = FOR QUESTIONS, PLEASE CALL(503)464-5070
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


Hi Vince,

It was good to speak to you and Grant the other day.  Plese find attached a
block of 3 chapters that are basically the middle of the book. This should
give you an idea at the level it is pitched - although these are probably
some of the the most technical of the chapters. Julie who works for us will
be getting in contact with you soon to chase you up on your chapter!

I've asked Julie to have a chat to you about a couple of other things at
the same time. I hope this is OK with you. Julie and I will be making a
trip thru Houston around the third week of February to try and visit some
energy companies. It's mainly a fact finding trip to see what the energy
companies are doing and how we might be able to make use of our skills in a
commercial sense. Would you recommend any people we should talk too? Also
we will be running a course on energy derivatives in Houston at the end of
March following the success of the course in New York last year and want to
advertise this. Do you know of people who would be interested in such a
course?

We are currently putting together promotional material for the book - can
you please let Julie know how you and Grant would like to be advertised -
your official positions, etc.

Best regards, and I look forward to reading your chapter soon.

Chris.

 - ED_Vince.zip


i don't know.  work pays for it.


Attached is the Wellesley College Fall 2001 Forecast.  Please pay close attention to the dates in which you are scheduled to participate.  You will receive an Event Information sheet with all of the details for your event.  Thank you for all of your assistance and participation.


bomb

Mike Grigsby
05/01/2001 10:09 PM
To:	Monique Sanchez/HOU/ECT@ECT
cc:
Subject:	Re: Associate/ Mid-Rotation Evaluation

I sent an email to Phillip as well.  We will find out.

<Embedded StdOleLink>


The Chief Judge, who is hearing the CPUC complaint case against El Paso, asks
for extension of the procedural schedule due to the complexity of the case.
He expects the hearing to end on June 8.  He proposes 30 days to file briefs,
and 15 days for reply briefs, with Initial Decision due 30 days after that,
or August 24.   Originally, the Commission had ordered that an Initial
Decision be issued by May 28th, later extended to July 12th.

Also asks for guidance as to whether the Commission intended him "to compile
a more complete record on [violations of the marketing affiliate rules] and
make findings as to whether such a violation, if it existed, contributed to
the alleged exercise of market power by El Paso Natural Gas Company and/or El
Paso Merchant Energy".  Maybe El Paso is not in the clear on violating the
marketing affiliate rules after all!!

---------------------- Forwarded by Rebecca W Cantrell/HOU/ECT on 05/31/2001
05:13 PM ---------------------------

"Randall Rich" <rrich@bracepatt.com> on 05/31/2001 05:12:34 PM
To: <jsteffe@enron.com>, <jthome@enron.com>, <llawner@enron.com>,
<lyoho@enron.com>, <rebecca.w.cantrell@enron.com>, <skean@enron.com>
cc:
Subject: Judge Wagner's report in Word

 - RP00-241-000 Report.doc


I just spoke live with Mark about the case write-up.? Hope the following
works for everyone.?

I will take a shot at comparing the following for questions (a) and (b):

(1) Home Depot's strategy (low margin, high turnover, high service, best
quality products) with their financial ratios.
(2) Home Depot's strategy with Hechinger's (upscale stores with high profit
margins) by comparing their financial ratios.

(Understand that I have not had the benefit of attending the last two
classes, but hope to watch them on video tape before I send out my answers.)

Mark has already addressed question (c), we just need to make clear in the
memo the assumptions he used.? Mark - perhaps you could write those up so we
can drop them into the memo?

The other big issue is with Home Depot's expansion strategy - should they
continue to build the 9 new stores, and if so, how should they finance the
expansion?? They could use their line of credit or go to the equity market.?
Obviously with the line of credit we need to make sure that they can cover
the interest expense and with the equity market we need to be careful of
their depressed stock price.? Can someone else volunteer to look at the
expansion efforts and financing (question d)?

I am going to work on this today and hope to e-mail it out by 9am tomorrow.?
Can we set a time on Wednesday to discuss this live??

- Carolyn

Carolyn M. Vavrek
Manager - Human Capital Advisory Services
Deloitte & Touche
50 Fremont Street
San Francisco, CA? 94105

phone: 415-783-5137
fax: 415-783-8760
e-mail: cvavrek@deloitte.com

-----Original Message-----
From: Mark Guinney [mailto:Mark_Guinney@watsonwyatt.com]
Sent: Monday, February 05, 2001 5:36 PM
To: Vavrek; Carolyn (US - San Francisco); chin@haas.berkeley.edu;
sama@haas.berkeley.edu; Jeff.Dasovich@enron.com
Subject: Home Depot Spreadsheet (revised)

Jeff was kind enough to show me where to get the additional balance sheet
items
I needed to finish the financial ratio time sheet analysis (I missed the
selected financial statement table).? Please see the revised spreadsheet that
has both the financial ratios and the pro forma cash flow statement for the
next
fiscal year.

?

**********************************************
Mark D. Guinney, CFA
Consultant
Watson Wyatt Investment Consulting
345 California Street, Ste. 1400
San Francisco, CA? 94104
(415) 733-4487 ph.
(415) 733-4190 fax

This message (including any attachments) contains confidential information
intended for a specific individual and purpose, and is protected by law.? If
you are not the intended recipient, you should delete this message and are
hereby notified that any disclosure, copying, or distribution of this
message, or the taking of any action based on it, is strictly prohibited.


Attached is the new list of authorized signers as of 9/15/00


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:48 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/16/2001 08:49 AM

		 To: Sandra McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,
MDay@GMSSR.com, Hedy Govenar <hgovenar@mail.acom2.com> @ ENRON, Scott Govenar
<sgovenar@govadv.com>, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, skean@enron.com, mpalmer@enron.com, Karen
Denne/Corp/Enron@ENRON, BTC <BCragg@GMSSR.com>
		 cc:
		 Subject: Ken Lay's email to Sen. Brulte

Greetings All:

First, I am apologizing in advance for any typos in this email.  Schedule is
very tight, but I wanted to make sure that everyone had it first thing this
morning, with some back-up info that I've included below.

Attached is the email that was sent to Ken Lay's office yesterday evening for
delivery to Sen. Brulte.  It's of course confidential.  Few points:

I don't have Bev's email, so if you could please forward to her, that would
be appreciated.
As we discussed (Jim, Mike, Bev, Scott, Hedy) on our lengthy call on
Wednesday, I'm assuming that the plan is still to "wallpaper" Sacramento with
our proposed legislation.
This email does not contain the legislation.  Mike sent the "final" versions
of our legislation out yesterday, except for the siting piece, which I
believe Brian Cragg of Mike's office is finalizing today.
You'll note that we promise Senator Brulte in the email that we'll deliver to
his office today the proposed legislation.  Again, based on our call on
Wednesday, I'm assuming that we would simultaneously release the proposed
legislation to the rest of the world at the same time.
When we spoke on Wednesday, we decided that the Sacramento team would
determine to whom we would circulate the proposed legislation at the same
time that we deliver the Senator Brulte. I'm assuming that you folks will
handle that end of things.  Please let us know at your convenience to whom
you've decided to circulate.
This email does, however, include a "summary" of our proposed legislation.
But I'm not certain that the summary included in this email is the
appropriate language to distribute "to the world," or if we'll need instead
to tailor some new language.  I think we all agreed that we need a "one
pager" to accompany the legislative package so that we can communicate the
package effectively.
We also discussed the need to quickly develop a coalition to support our
proposals.  We didn't finalize that plan.  Perhaps the Sacramento team could
propose a plan to do that.  Perhaps we could start with our friends in the
Direct Access coalition?
We also talked about the need at this point to engage in PR and to get the PR
machinery activated, also with the goal of effectively communicating our
legislative package/message.  We're in a meeting with folks today where we
can discuss getting that side of things going and Karen Denne has contacted
Marathon and they're pondering some things that we can do in the near term.
You'll note that there's a considerable amount of information about the DWR
credit issue.  As I recollect, we discussed the issue in depth on the call.
You note that attached to the email is a "legislative fix" to AB1X that could
solve the credit issue and an attached set of "taking points" related to a
second alternative to solving the credit issue:  a PUC order clarifying that
DWR will get its money for power purchase costs.
Note also that Steve Kean reminded me that we've got to continue to push to
get the utilities out of the merchant function.  Accordingly, I've put a
brief paragraph on that issue in the note to Brulte in the last section
(legislative solution) under the topic "create a real competitive retail
market in California."  To the best of my knowledge, we don't have
legislative language on that piece yet, and it seems that we'll need to
discuss it in considerably more depth before doing so.

If you have any questions about any of the materials in the email, please
don't hesitate to contact me or Jim or Sandi to discuss.  I can be best
reached to day by pager at 888.916.7184.

Thanks to all for helping pull this together.

Best,
Jeff

----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 08:27 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 06:11 PM

		 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron
		 cc:
		 Subject:

Steve:
Here's a substantially more cleaned-version, with attachments.  There's a
hard copy on your chair.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 05:56 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject:

Jim:
It was a pleasure speaking with you yesterday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


But I don't know what time I'm going to get out of here.  Do you really want to wait until 3:00?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Friday, May 25, 2001 12:31 PM
To:	Huble, Amanda
Subject:	RE:

I would rather wait

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Friday, May 25, 2001 12:25 PM
To:	Maggi, Mike
Subject:

You might as well go and play golf, I probably won't get out of here until 2 or 3

Amanda K. Huble
Gas Fundamentals
Phone: (713) 853-4384
Pager: (877) 482-0772
Fax: (713) 646-8453


Dan:

EPUC will be filing a response on Friday, supporting the CMTA/CLECA/CIU and
AReM/WPTF applications for rehearing. Christine Jun from our office will be
heading this effort. Could you please email to her a final of your
application, which we apparently have not yet received?  Thank you.

Evie


Jeff:

Hope ya'll had a great christmas!!!  -  just wanted to send you my e-mail  - loking forward to seeing you Monday.

If time ever permits - I would love to take you to lunch!!!

Have a great day!

Lindon

lwilliams@teamrls.com


In order for UBS Warburg to timely process your paycheck, I am requesting that all employee's accepting offers return any outstanding forms to my new desk location at  05852 on the 5th floor of ECS (Look for the Hamburg Flag) by noon this Friday  2/01/02.  This will prevent any benefit deductions from having to be "Double Deducted" on future checks.  Please attach a deposit slip or voided check stub to your direct deposit form.  Attached below are the forms needed for payroll/benefits, in case you did not turn these in at Orientation.  Lastly, please verify that your EHRonline home address is showing your current home address because all live checks will be mailed to your home residence.

Thanks, Tony Jarrett
Benefits
Ext. 3- 7829


I noted in the Finance and Accounting report that you guys are setting up a
meeting with AA to talk about the draft risk management document that folks
had been working on a year ago.  Please include Tony and I.   We had some
questions and concerns that I have long since forgotten but will renew and
talk to you about before the AA meeting.  Thanks. DF


Kim, I know you have been interested in the development of a long term
Natural Gas Model for use in the ETS Revenue Management effort.  I agree that
the ability to model various supply / demand scenarios for North America
should prove useful in ETS business development efforts, and in particular,
in predicting the impact of the new, large Alaskan gas supplies on the N.A.
pipeline grid.

As you know, Vince Kaminski feels that a software product developed by Dale
Nesbitt (MarketPoint, Inc.) of Los Altos Hills, CA. may be a good choice, and
one readily available in a relatively short time.  MarketPoint has proposed
that they work with us in our offices for a week of intensive training and
testing, so we can make a more informed decision before ordering the
software.  They have proposed a charge of $12,000, plus expenses, for the
one-week session, with that cost applied to the first year's subscription
price (approx. $55-60 M/yr) should we decide to go forward.  The other
details (timing, ENE resources required, necessary IT interface, etc) still
need to be worked out, but I believe there is generally a consensus to
proceed with the test.

With my recent relocation to the Clean Fuels group, I will no longer be
responsible for the Alaskan pipeline development.  However, Danny McCarty is
pulling together a team consisting of people from NNG, NBP and elsewhere in
ETS to push the project forward.  I believe Eric Gadd will be playing a key
role as well.  The decision on the long term gas model should appropriately
be made by the new project team.

I have attached a draft of the proposed MarketPoint License agreement.  It
has not yet been fully reviewed by legal (or by Shelley C. for the
"affiliate" issues).

Let me know if I can provide any other background or assistance.

JNG


Please find the interview packet for the above-referenced person.  The
interview will occur on Friday  October 27, 2000.  Please print all three
documents for your reference.  If you have any questions, or conflicts of
schedule, please do not hesitate to contact me.

Stephanie
58701


fine

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Tuesday, December 11, 2001 3:20 PM
To:	McLaughlin Jr., Errol
Subject:	RE: vacation

Correction!

13 through the 31st.

Thanks,

Dan

 -----Original Message-----
From: 	McLaughlin Jr., Errol
Sent:	Tuesday, December 11, 2001 3:08 PM
To:	Thibaut, Dan
Subject:	RE: vacation

Sounds good

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Tuesday, December 11, 2001 2:57 PM
To:	McLaughlin Jr., Errol
Subject:	vacation
Importance:	High

Errol,

I would like to take vacation starting on the 13th and ending on the 28th.

Please let me know if there is a conflict as soon as possible.

Thanks,

Dan


fyi,

 -----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Friday, January 18, 2002 11:22 AM
Subject:	Transcontinental Gas Pipe Line Corporation (Transco), Docket Nos. RP97-71-000 and RP97-312-000 PBS/ICTS Revenue Sharing Refund

January 18, 2002

To the Party Addressed:

Reference: Transcontinental Gas Pipe Line Corporation (Transco)
           Docket Nos. RP97-71-000 and RP97-312-000
           PBS/ICTS Revenue Sharing Refund

Pursuant to Section 3.4 of Rate Schedule PBS and Section 7 of Rate
Schedule ICTS of Third Revised Volume No. 1 of Transco's FERC Gas
Tariff, Transco has calculated the PBS refund amount for the annual
period from May 1, 2000 through April 30, 2001 to be $220,441.76, the
ICTS refund amount for the same annual period to be $24,737.99, and
the ICTS refund amount for the annual period from May 1, 1999 through
April 30, 2000 equals $6,890.98.  The total refund amount is $252,070.73
to the eligible shippers as set forth in the aforementioned tariff
provisions.

If you have any questions concerning this refund, please contact Orie
Harris at (713) 215-4390.

The following table summarizes the amount refunded, including interest
to each eligible shipper:

    TRANSCONTINENTAL GAS PIPE LINE CORPORATION
          PBS AND ICTS REVENUE SHARING

                                                  TOTAL
      BILL                                       PBS/ICTS
     PARTY                                        SHARED
      NAME                                       REVENUE

  ACN POWER                                       $56.41
  ADAMS RESOURCES & ENERGY, INC.                ($371.21)
  ADAMS RESOURCES MARKETING, LTD               $1,117.18
  AGF DIRECT GAS SALES & SERVICING, INC.           $0.27
  AGF DIRECT GAS SALES, INC.                       $0.00
  AGIP PETROLEUM CO. INC.                          $0.00
  ALABAMA GAS CORPORATION (CLANTON)               $28.65
  ALABAMA GAS CORPORATION (LINDEN)                 $8.11
  ALABAMA GAS CORPORATION (THOMASTON)              $1.25
  ALLENERGY MARKETING COMPANY, L.L.C.             $27.20
  ALLIANCE ENERGY SERVICES PARTNERSHIP             $7.50
  AMERADA HESS CORPORATION                     $1,108.86
  AMOCO PRODUCTION COMPANY                     $1,149.26
  ANADARKO ENERGY SERVICES COMPANY               $120.34
  APACHE CORPORATION                               $6.55
  AQUILA ENERGY MARKETING CORPORATION            $240.20
  AQUILA ENERGY TRANSPORTATION CORP.              $83.93
  ASHLAND, INC.                                  $120.28
  ASHLAND CHEMICAL ENERGY SERVICES                 $0.28
  ATLANTA GAS LIGHT COMPANY                       $36.98
  AURORA NATURAL GAS & ASSOC. PROD., L.C.          $0.25
  BALTIMORE GAS & ELECTRIC                       $957.80
  BASF CORPORATION                                 $0.01
  BAY STATE GAS COMPANY                           $27.38
  BLACK HILLS ENERGY RESOURCES, INC.               $0.04
  BOSTON GAS COMPANY                               $2.03
  BP ENERGY COMPANY                              $877.20
  BP EXPLORATION & OIL INC.                        $0.00
  BRIDGELINE GAS MARKETING, LLC                    $0.24
  BRISTOL AND WARREN GAS COMPANY                  $20.91
  BROOKLYN NAVY YARD COGENERATION PARTNERS     $1,518.62
  BROOKLYN UNION GAS COMPANY                  $15,432.27
  BURLINGTON RESOURCES OFFSHORE INC.             $192.59
  CABOT OIL & GAS MARKETING CORPORATION            $3.78
  CALLON PETROLEUM OPERATING COMPANY               $0.24
  CAROLINA POWER & LIGHT COMPANY                  $24.57
  CARTHAGE ENERGY SERVICES, INC.                   $0.00
  CASE-POMEROY OIL CORPORATION                     $1.06
  CASTEX ENERGY, INC.                              $0.73
  CASTLE POWER CORP.                               $0.00
  CASTLE POWER LLC                               $546.16
  CATEX CORAL ENERGY, L.L.C.                      $52.82
  CCGM ENERGY SERVICES, LP                       $327.85
  CCGM. L.P.                                    ($290.01)
  CENTRAL RESOURCES, INC.                          $0.74
  CHEROKEE COUNTY COGENERATION PARTNERS LP       $638.05
  CHESAPEAKE ENERGY MARKETING,INC.                $44.47
  CHESAPEAKE UTILITIES CORP. DELAWARE DIV.       $419.90
  CHESAPEAKE UTILITIES CORP. MARYLAND DIV.       $226.60
  CIMA ENERGY                                     $25.95
  CINERGY MARKETING & TRADING, LLC               $719.80
  CITY OF ALEXANDER CITY, ALABAMA                $176.49
  CITY OF BESSEMER CITY, NORTH CAROLINA           $64.99
  CITY OF BLACKSBURG, SOUTH CAROLINA              $63.47
  CITY OF BOWMAN, GEORGIA                          $0.22
  CITY OF BUFORD, GEORGIA                          $6.39
  CITY OF BUTLER, ALABAMA                          $6.61
  CITY OF COMMERCE, GEORGIA                        $1.76
  CITY OF COVINGTON, GEORGIA                       $3.75
  CITY OF DANVILLE, VIRGINIA                   $1,015.76
  CITY OF ELBERTON, GEORGIA                        $2.20
  CITY OF FOUNTAIN INN, SOUTH CAROLINA           $192.61
  CITY OF GREENWOOD, SOUTH CAROLINA              $437.06
  CITY OF GREER, SOUTH CAROLINA                  $538.16
  CITY OF HARTWELL, GEORGIA                        $2.87
  CITY OF KINGS MOUNTAIN, NORTH CAROLINA         $214.34
  CITY OF LAURENS, SOUTH CAROLINA                $328.40
  CITY OF LAWRENCEVILLE, GEORGIA                   $3.97
  CITY OF LEXINGTON, NORTH CAROLINA              $602.25
  CITY OF MADISON, GEORGIA                         $1.54
  CITY OF MONROE, GEORGIA                          $7.05
  CITY OF RICHMOND, VIRGINIA                       $0.00
  CITY OF ROANOKE, ALABAMA                         $2.42
  CITY OF ROYSTON, GEORGIA                         $0.88
  CITY OF SHELBY, NORTH CAROLINA                 $804.14
  CITY OF SOCIAL CIRCLE, GEORGIA                   $1.10
  CITY OF SUGAR HILL, GEORGIA                      $2.42
  CITY OF TOCCOA, GEORGIA                          $9.48
  CITY OF UNION, SOUTH CAROLINA                  $359.35
  CITY OF WINDER, GEORGIA                          $4.85
  CLANTON, CITY OF                                 $0.00
  CLINTON GAS MARKETING, INC.                      $0.49
  CLINTON-NEWBERRY NATURAL GAS AUTHORITY         $632.83
  CMS ENTERPRISES COMPANY                          $0.00
  CMS MARKETING, SERVICES AND TRADING COM.        $18.88
  CMS NOMECO OIL & GAS CO.                         $0.04
  COAST ENERGY GROUP, INC.                       $242.48
  COASTAL EAGLE POINT OIL COMPANY                $520.04
  COKINOS NATURAL GAS COMPANY                    $121.72
  COLONIAL ENERGY, INC.                          $121.11
  COLONIAL GAS COMPANY                             $0.23
  COLONIAL OIL, INC.                             ($55.57)
  COLUMBIA ENERGY SERVICES CORPORATION             $0.00
  COLUMBIA GAS OF VIRGINIA, INC.                 $323.38
  COM ENERGY MARKETING, INC.                       $0.00
  COMMONWEALTH GAS SERVICES, INC.                  $0.00
  COMSTOCK RESOURCES, INC.                         $1.09
  CONECTIV ENERGY SUPPLY, INC.                    $40.46
  CONNECTICUT NATURAL GAS CORPORATION             $40.97
  CONOCO INC.                                    $633.67
  CONSOLIDATED EDISON CO OF NY (ELECTRIC)        $344.55
  CONSOLIDATED EDISON COMPANY OF N.Y. INC.    $14,126.39
  CONSOLIDATED EDISON SOLUTIONS, INC.            $180.40
  CONSTELLATION ENERGY SOURCE, INC.                $6.06
  COOK INLET ENERGY SUPPLY LTD PARTNERSHIP         $2.20
  CORAL ENERGY RESOURCES, L.P.                 $1,839.03
  CORNING NATURAL GAS CORPORATION                  $0.69
  CROSSTEX ENERGY SERVICES, LTD.                 $129.92
  DELHI GAS PIPELINE CORP.                         $0.00
  DELMARVA POWER & LIGHT COMPANY               $3,157.42
  DEVON ENERGY PRODUCTION COMPANY, L.P.           $17.78
  DEVON SFS OPERATING, INC.                        $0.00
  DOMINION EXPLORATION & PRODUCTION, INC.        $172.50
  DOMINION FIELD SERVICES, INC.                  $444.48
  DUKE ENERGY FIELD SERVICES, LP              $12,522.77
  DUKE ENERGY TRADING & MKTG LLC             ($11,525.54)
  DYNEGY GAS TRANSPORTATION, INC.              $1,802.85
  DYNEGY MARKETING AND TRADE                   $1,934.48
  E PRIME, INC.                                    $2.56
  EAGLE NATURAL GAS COMPANY                        $0.00
  EAST CENTRAL ALABAMA GAS DISTRICT                $2.20
  EASTERN ENERGY MARKETING, INC.                   $0.00
  EASTERN SHORE NATURAL GAS COMPANY              $200.32
  EL PASO FIELD OPERATIONS COMPANY                $62.53
  EL PASO MERCHANT ENERGY, L.P.                   $28.43
  EL PASO PRODUCTION COMPANY                       $0.00
  ENA UPSTREAM COMPANY LLC                         $0.00
  ENCINA GAS MARKETING COMPANY,                    $0.00
  END USER SUPPLY                                  $0.21
  ENERGIS RESOURCES, INC.                          $0.00
  ENERGY AMERICA LLC                             $455.54
  ENERGY DEVELOPMENT CORPORATION                   $4.26
  ENERGY EXPRESS, INC.                             $0.49
  ENERGY RESOURCE TECHNOLOGY, INC.                 $2.04
  ENERGYUSA-TPC CORP.                         ($7,284.49)
  ENERGYVISION, L.L.C.                             $0.01
  ENLINE ENERGY SOLUTIONS L.L.C.                  $71.77
  ENMARK GAS CORP.                                 $1.00
  ENRON ADMINISTRATIVE SERVICES                  ($22.68)
  ENRON ENERGY SERVICES, INC.                    $252.98
  ENRON NORTH AMERICA, CORP.                   $3,396.79
  ENRON POWER MARKETING, INC.                      $0.25
  ENSERCH CORP.                                    $0.01
  ENTERGY GULF STATES, INC.                        $1.25
  ENTERGY-KOCH TRADING, LP                     $1,290.23
  ENTERPRISE PRODUCTS OPERATING, L.P.             $14.40
  EOG RESOURCES, INC.                            $225.78
  ERI SERVICES, INC.                               $0.01
  ESENJAY EXPLORATION, INC.                        $3.00
  EXXONMOBIL GAS MARKETING COMPANY             $2,643.21
  FINA ENERGY SERVICES INC.                       $45.99
  FINA OIL AND CHEMICAL COMPANY                   $11.94
  FIRST ENERGY TRADING SERVICES                    $0.17
  FLORIDA POWER AND LIGHT COMPANY                  $0.01
  FOREST OIL CORPORATION                           $2.83
  FORMOSA PLASTICS CORPORATION USA                $60.78
  FORT HILL NATURAL GAS AUTHORITY              $1,227.53
  GASMARK A DIVISION OF UGI ENERGY SERVICE         $0.00
  GEORGIA POWER COMPANY                           $10.97
  GRIFFIN PETROLEUM COMPANY                        $0.25
  GULF SOUTH PIPELINE COMPANY, LP                  $3.26
  GULFMARK ENERGY, INC.                          $127.37
  HARTWELL ENERGY LIMITED PARTNERSHIP              $0.00
  HAYES WHEELS INTERNATIONAL, INC.                $10.98
  HESCO GATHERING COMPANY, LLC                     $9.75
  HIGHLAND ENERGY COMPANY                        $153.58
  HORSEHEAD RESOURCE DEVELOPMENT CO., INC.         $2.27
  HUNT PETROLEUM CORPORATION                       $7.70
  INFINITE ENERGY, INC.                           $76.38
  INTERCONN RESOURCES, INC.                        $0.00
  INTERNATIONAL PAPER COMPANY                    $277.96
  JAMES RIVER CORPORATION OF VIRGINIA             $29.79
  JERSEY CENTRAL POWER & LIGHT                   $444.46
  KCS ENERGY MANAGEMENT SERVICES, INC.            $98.32
  KCS ENERGY MARKETING, INC.                     $171.51
  KERR-MCGEE CORPORATION                         $274.04
  KEYSPAN RAVENSWOOD, INC.                       $112.97
  KEYSPAN ENERGY SERVICES INC.                   $587.15
  KEYSPAN GAS E CORP DBA KEYSPAN ENERGY        $8,850.72
  KIAC PARTNERS                                  $380.68
  KIMBLE GLASS, INC.                               $0.00
  KRAFT FOODS, INC.                               $16.93
  LG&E ENERGY MARKETING INC.                       $1.25
  LENOX INCORPORATED D/B/A LENOX                  $48.27
  LOUIS DREYFUS ENERGY CORP.                       $0.00
  MAPLESVILLE WATER & GAS BOARD                    $0.22
  MARATHON OIL COMPANY                            $94.13
  MCMORAN OIL & GAS LLC                            $0.76
  METROMEDIA ENERGY, INC.                         $75.20
  MID LOUISIANA MARKETING COMPANY                  $0.65
  MIDCON GAS SERVICES CORP.                        $0.00
  MIRANT AMERICAS ENERGY MARKETING, L.P.       $1,003.31
  MIRANT AMERICAS RETAIL ENERGY MARKETING      $1,618.77
  MOBIL NATURAL GAS INC.                       $2,672.00
  MOBIL OIL CORPORATION                            $0.00
  MORGAN STANLEY CAPITAL GROUP, INC.               $0.00
  MOSBACHER ENERGY COMPANY                         $0.00
  MOTIVA ENTERPRISES LLC                           $5.20
  MULTI FUELS NATURAL GAS, LP                      $0.24
  MUNICIPAL GAS AUTHORITY OF GEORGIA           $2,226.71
  MURPHY EXPLORATION & PRODUCTION COMPANY         $21.62
  MURPHY OIL USA, INC.                           $324.19
  NATGASCO                                         $0.00
  NATIONAL FUEL GAS DISTRIBUTION CORP.         $1,786.97
  NCX COMPANY, INC.                                $0.01
  NESI ENERGY MARKETING, LLC.                  $7,302.80
  NEW JERSEY NATURAL ENERGY COMPANY              $139.47
  NEW JERSEY NATURAL GAS COMPANY                 $878.47
  NEW YORK POWER AUTHORITY                     $1,033.93
  NEW YORK RETAIL CUSTOMER GROUP                 $473.05
  NEWFIELD EXPLORATION COMPANY                     $9.76
  NEXEN PETROLEUM SALES U.S.A. INC.               $65.47
  NEXEN PETROLEUM U.S.A. INC.                      $0.26
  NGC TRANSPORTATION, INC.                         $2.35
  NIAGARA MOHAWK ENERGY MARKETING                  $0.10
  NIAGARA MOHAWK POWER CORPORATION                 $7.44
  NJR ENERGY SERVICES COMPANY                    $199.00
  NOBLE GAS MARKETING, INC.                     ($334.92)
  NOBLE GAS PIPELINE, INC.                       $848.28
  NORAM ENERGY MANAGEMENT INC.                     $0.00
  NORAM ENERGY SERVICES, INC.                      $0.00
  NORTH AMERICAN ENERGY, INC.                     $11.43
  NORTH AMERICAN ENERGY CONSERVA                   $0.53
  NORTH ATLANTIC UTILITIES                       $138.30
  NORTH ATTELBORO GAS CO.                         $17.65
  NORTH CAROLINA GAS SERVICE                     $567.17
  NORTH CAROLINA NATURAL GAS CORPORATION       $6,662.57
  NORTH JERSEY ENERGY ASSOCIATES, A LTD          $445.91
  NORTHEAST ENERGY ASSOCIATES                    $988.13
  NORTHERN UTILITIES, INC.                         $6.15
  NSTAR GAS COMPANY                               $61.89
  NUI CORPORATION                              $6,812.59
  NUI ENERGY, INC.                               $460.17
  NUI ENERGY BROKERS, INC.                       $126.58
  OCEAN ENERGY, INC.                               $0.10
  OPTIMUM ENERGY SOURCES, INC.                    $16.39
  ORANGE & ROCKLAND UTILITIES                      $0.02
  OWENS-CORNING FIBERGLAS CORPORATION             $16.09
  OXY USA, INC.                                   $91.36
  PANCANADIAN ENERGY SERVICES, INC.             ($128.16)
  PANCANADIAN PETROLEUM COMPANY INC.             $458.44
  PANDA-ROSEMARY, L.P.                           $106.32
  PANENERGY MARKETING                              $2.02
  PANENERGY TRADING AND MARKET SERVICES            $0.00
  PECO ENERGY COMPANY                          $5,384.93
  PEPCO SERVICES, INC-GASLANTIC DIV                $0.90
  PERRY ENERGY, INC.                               $0.00
  PERRY GAS COMPANIES, INC.                        $0.00
  PETROCOM ENERGY GROUP, LTD.                     $39.16
  PETROFINA GAS PIPELINE COMPANY                   $1.75
  PG ENERGY SERVICES INC,                          $4.99
  PGC ENERGY, INC.                               $535.61
  PG&E ENERGY TRADING CORPORATION                  $8.83
  PHARAOH OIL & GAS, INC.                          $0.01
  PHIBRO DIVISION OF SOLOMON INC.                  $0.00
  PHIBRO ENERGY, INC.                              $2.08
  PHIBRO INC.                                     ($1.82)
  PHILADELPHIA GAS WORKS                       $8,493.88
  PHILLIPS PETROLEUM COMPANY                      $52.80
  PIEDMONT NATURAL GAS COMPANY, INC.          $18,370.96
  PIONEER NATURAL RESOURCES USA                    $0.00
  PLUM STREET ENTERPRISES, INC.                    $0.00
  PNG ENERGY                                       $0.95
  PPL ELECTRIC UTILITIES CORPORATION              $62.95
  PPL ENERGYPLUS, LLC                            $256.10
  PPL GAS UTILITIES CORPORATION                  $868.04
  PRIOR ENERGY CORPORATION                        $15.14
  PRIOR INTRASTATE CORPORATION                    ($0.29)
  PROMARK ENERGY, INC.                             $0.00
  PROVIDENCE ENERGY SERVICES, INC.                 $0.25
  PROVIDENCE GAS COMPANY                           $0.52
  PS ENERGY GROUP, INC.                          $106.91
  PSNC PRODUCTION CORP.                           $13.86
  PUBLIC SERVICE COMPANY OF N. C. INC.         $8,564.05
  PUBLIC SERVICE ELECTRIC & GAS COMPANY       $30,107.82
  QUINTANA PETROLEUM CORPORATION                   $7.48
  REICHHOLD CHEMICALS, INC.                        $3.10
  RELIANT ENERGY RETAIL, INC.                  $1,401.20
  RELIANT ENERGY SERVICES, INC.                 ($301.23)
  REYNOLDS METALS COMPANY                         $10.45
  RME PETROLEUM COMPANY                            $1.50
  RME ENERGY MARKETING, INC.                      $18.00
  ROCHESTER GAS & ELECTRIC CORPORATION           $459.51
  ROCKINGHAM POWER, L.L.C.                        $13.65
  ROM ENERGY, L.L.C.                              $40.46
  SAMEDAN OIL CORPORATION                          $0.26
  SCANA ENERGY MARKETING, INC.                 $3,286.05
  SEAGULL MARKETING SERVICES, INC.                 $0.26
  SELECT ENERGY, INC.                              $1.02
  SEMPRA ENERGY TRADING CORP.                  $1,429.35
  SEMPRA ENERGY TRADING SERVICES CORP.         $1,180.94
  SHELL ENERGY SERVICES CO. LLC                $2,669.57
  SHELL GAS TRADING COMPANY                        $0.00
  SHELL OFFSHORE INC.                            $197.57
  SHELL WESTERN E&P INC.                          $50.88
  SHOREHAM ENERGY SERVICES COMPANY                $11.32
  SHOREHAM PIPELINE COMPANY                       $27.07
  SMARTENERGY.COM, INC.                            $9.20
  SONAT ENERGY INC.                                $0.56
  SONAT MARKETING CO. ET AL                    $1,871.27
  SONAT MARKETING COMPANY                        ($69.41)
  SOUTH CAROLINA PIPELINE CORPORATION          $5,090.70
  SOUTH CAROLINA PUBLIC SERVICE AUTHORITY          $0.00
  SOUTH JERSEY ENERGY COMPANY                    $117.38
  SOUTH JERSEY GAS COMPANY                     $8,474.10
  SOUTH JERSEY RESOURCES GROUP, L.L.C.           $417.63
  SOUTHEASTERN STATES ENERGY, IN                  $75.30
  SOUTHERN COMPANY SERVICES, INC.                  $0.00
  SOUTHERN CONNECTICUT GAS COMPANY                 $2.47
  SOUTHERN UNION COMPANY                       $5,417.68
  SOUTHSTAR ENERGY SERVICES, LLC               $3,956.75
  SOUTHWESTERN VIRGINIA GAS COMPANY              $360.50
  SPINNAKER EXPLORATION COMPANY, L.L.C.            $0.00
  SPRAGUE ENERGY CORP.                            $42.96
  STONE ENERGY CORPORATION                         $3.00
  SUMMIT NATURAL GAS, LLP                          $3.49
  SUNOCO, INC.                                 $1,796.98
  SUNOCO, INC. (R&M)                             $338.01
  SUPERIOR NATURAL GAS CORPORATION               $785.19
  SYLACAUGA UTILITIES BOARD                        $0.24
  TEJAS ENERGY CORPORATION                       $134.26
  TEJAS POWER CORPORATION                          $0.00
  TENASKA GEORGIA PARTNERS, L.P.                   $1.49
  TENNECO PACKAGING                                $0.00
  TENNESSEE GAS PIPELINE COMPANY                 $238.46
  TEXACO ENERGY MARKETING, L.P.                  $506.03
  TEXACO ENERGY SERVICES,A DIV OF TNGI             $0.00
  TEXACO NATURAL GAS COMPANY                       $0.00
  TEXACO NATURAL GAS INC.                        $286.48
  TEXACO PRODUCING INC.                           $14.38
  TEXAS-OHIO GAS, INC.                             $0.14
  TEXEX ENERGY PARTNERS, LTD                      $36.48
  TEXICAN NATURAL GAS COMPANY                     $37.23
  TEXLA ENERGY MANAGEMENT, INC.                    $0.10
  THE EAST OHIO GAS COMPANY                        $2.64
  THE LOUISIANA LAND & EXPLORATION COMPANY         $0.50
  THE TIMKEN COMPANY                              $77.35
  TIGER NATURAL GAS, INC.                         $39.97
  TORCH ENERGY TM, INC.                          $174.37
  TOTAL GAS AND ELECTRIC, INC.                   $120.02
  TOTALFINAELF E & P USA, INC.                    $39.46
  TOTALFINAELF GAS & POWER NORTH AMERICA INC.      $2.22
  TOWN OF LIBERTY, MISSISSIPPI                     $6.54
  TOWN OF MIDDLEBOUROUGH, MA                       $0.75
  TOWN OF ROCKFORD, ALABAMA                        $0.22
  TOWN OF WADLEY, ALABAMA                          $0.44
  TOWN OF WEDOWEE, ALABAMA                         $0.44
  TRADING & TRANSPORTATION MANAGEMENT, INC         $0.00
  TRANSCANADA ENERGY MARKETING USA, INC.           $4.02
  TRANSCANADA GAS SERVICES, INC.                   $0.00
  TRANSCO ENERGY MARKETING COMPANY             $9,985.63
  TRANSCO GAS GATHERING COMPANY                    $0.03
  TRANSCO OFFSHORE GATHERING COMPANY               $8.49
  TRANSCONTINENTAL GAS PIPE LINE CORP.            $98.19
  TRI-COUNTY NATURAL GAS COMPANY                   $3.97
  TRIAD ENERGY RESOURCES CORP.                     $0.14
  TRISTAR GAS MARKETING COMPANY                    $0.76
  TXG GAS MARKETING COMPANY                        $0.00
  TXU ENERGY TRADING COMPANY                       $0.00
  TXU LONE STAR PIPELINE                       $8,281.30
  TYSON FOODS INC.                                $79.40
  UGI ENERGY SERVICES, INC.                        $8.36
  UGI UTILITIES, INC.                          $1,354.92
  UNIMIN CORPORATION                               $0.55
  UNION OIL COMPANY OF CALIFORNIA                  $0.00
  UNITED CITIES GAS CO., GEORGIA DIVISION        $544.57
  UNOCAL ENERGY TRADING, INC.                  $1,246.86
  UNOCAL SUPPLY CORPORATION                      $102.10
  UPSTREAM ENERGY SERVICES COMPANY                $69.44
  VALERO GAS MARKETING, L.P.                       $0.00
  VASTAR POWER MARKETING, INC.                    $25.75
  VASTAR RESOURCES, INC.                           $1.85
  VIRGINIA ELECTRIC & POWER CO.                    $0.00
  VIRGINIA NATURAL GAS, INC.                     $842.65
  VIRGINIA POWER ENERGY MARKETING, INC.          $126.90
  VIRGINIA POWER SERVICES ENERGY CORP, INC        $17.12
  VISY PAPER, INC.                                 $0.00
  VOLUNTEER ENERGY CORPORATION                   $218.88
  VP ENERGY, INC.                                  $7.25
  W & T OFFSHORE, INC.                             $4.27
  WARNER ELECTRIC                                  $0.00
  WASHINGTON GAS LIGHT COMPANY.                $2,082.08
  WESTERN GAS RESOURCES, INC.                      $1.77
  WHEATON INDUSTRIES                               $0.00
  WICKFORD ENERGY MARKETING, L.C.                  $0.00
  WILLIAMS ENERGY SERVICES COMPANY             $2,243.05
  WILLIAMS FIELD SERVICES COMPANY                $954.98
  WOODWARD MARKETING, INC.                         $0.02
  WOODWARD MARKETING, LLC.                        $22.08
  YANKEE GAS SERVICES COMPANY                     $39.17

                                              $252,070.73


Are you having problems connecting to hyperlinks through Enron In Action?  A
common problem is the internet browser setup.  Simply click on the word
"Office" at the bottom right hand corner of your screen, click "Edit
Current," find "Internet Browser" and change it to "Microsoft Internet
Explorer."

VOLUNTEERI
The Houston Ballet is in need of academic tutors.  If you are interested in
helping talented students, are available 2 hours a week and are academically
strong in Math, History or English, please contact Shelly Power at
713.535.3201 or spower@houstonballet.org.

Festa Italiana!  The Federation of Italian-American Organizations of Houston
is now recruiting volunteers for its annual Italian Festival held September
15-17.  Opportunities include assisting in Federation booths for beverages,
food, promotional material, children's area and VIP tent.  If you are
interested, contact Rachel Feldt at 713.853.7629.  For more information,
click here.  http://home.enron.com/cr.

IHAPPENINGSI
"Is That Your Final Answer?" Check your e-mail Wednesday, July 19 to enter in
our "Who Wants to Help Millions" United Way Kick-off Contest.  Answer all of
the questions correctly and you could win a spot on the United Way/Enron
Gamshow on August 9th!

Enron Night at Enron Field!  Tickets will be on sale Monday, July 24th for
Enron Night on August 8th, for only $8 each.  Tickets will be sold online
through the signature shop.  Limit 2 tickets per employee.  For more
information, visit http://home.enron.com/cr/.

Bowl For The Cure!  Join Enron and the Muscular Dystrophy Association for
their annual Beach Bowl fund-raiser to cure Lou Gehrig's Disease, July 29 at
Funplex.  Can't bowl? That's ok, you can still help by raising donations.
Everyone participating is eligible to win great prizes, including airline
tickets and hotel reservations to an exotic location!  Register now by
calling Sandy Hoelscher at 713.345.6006.  For more information, visit
http://home.enron.com/cr.

The Enron Blood Drive will be on July 20 from 7 a.m. - 4 p.m. in EB-5C2.
Call 713.853.6100 to schedule an appointment now!

Get CPR/First Aid Certified this month!  Learn the lifesaving techniques for
you and your family.  Learn how to perform adult & infant CPR and how to use
an AED (automatic external defibrillator).  July 25, 1:00 - 5:00 p.m.  Cost
is $10.  To register call the Health Center at 713.853.6100.

Weight Watchers @ Work is gearing up for another session.  Cost is $169 for
16 weeks.  Space is limited to the first 60 employees who register via e-mail
to Michelle Kapfer.  Classes are held every Wednesday  at 11:45 a.m.
beginning July 19.  E-mail confirmations for class participants will begin
on  July 17.

IWORKPERKSI
Don't delay!  Get your PerkCard today!  The PerkCard offers discounts at a
variety of merchants around Houston.  The cost is $20 and all proceeds
benifit  community programming.  For more information visit the WorkPerks
website at http://home.enron.com/workperks/programs/.

Sign up your middle-school aged child for Summer of Service, a community
service program that is challenging, rewarding and tons of fun!  Children
develop valuable skills and are recognized for their contributions to the
community.  They also will enjoy  weekly Fun Friday outings to recreational
and cultural events. Cost is $160 for a two-week session.  Locations include:
West Side YMCA  713.467.9622 and South Montgomery County YMCA (The Woodlands)
281.367.9622.  Session dates are: July 3 - 14, July 17 - 28.  For more
information call the YMCA location of your choice.

ISAVE THE DATEI
July 24-28 - Knowledge Beginnings Back Up Child Care Center Open House.
Click here for more details http://home.enron.com/cr/.


Resending......I think I screwed up the first go round.

PK

----- Forwarded by Peggy A. Kostial on 05/24/2001 01:49 PM -----

                    Peggy A.
                    Kostial              To:     "Bridges, Michael" <Michael.Bridges@enron.com>
                                         cc:     "Zipper, Andy" <Andy.Zipper, Kenny W. Baldwin@bakerbotts.com,>
                    05/24/2001           Subject:     Transaction Support Hub(Document link: Peggy A. Kostial)
                    12:16 PM

Thanks for the note below. Curious how you all are coming and what our
expectations should be on turnaround.

I am a bit concerned that Travis and his team are making changes based on
'the changes that we have all discussed over the last two weeks'.  I am not
totally confident that we reached agreement on each of the discussion
points.

But, we will obviously review your suggested changes and come back with
feedback.

As a restatement that may be obvious, however, the essence that the
transaction stream is exclusive with the only exception being price posting
agreements (and only then if you all choose to break the exclusivity) is
fundamental to our valuation of the deal and our ability to ultimately sell
this internally.

So, please let me and Mike know asap when the document has been turned
around.

Thanks,

Peggy

                    "Bridges,
                    Michael"                 To:     Peggy A. Kostial@Accenture, Michael J. Urtso@Accenture, Kenny W.
                    <Michael.Bridges@        Baldwin@Accenture
                    enron.com>               cc:     "Zipper, Andy" <Andy.Zipper@enron.com>, "McCullough, Travis"
                                             <Travis.McCullough@enron.com>
                    05/23/2001 12:18         Subject:     Transaction Support Hub
                    PM

I want to update you on the status to the Transaction Support Hub
Agreement.  Travis McCullough and his team will be making the changes
that we have all discussed over the past two weeks.  As well, we will
also suggest, via the revision, some structural changes to the contract.
More importantly, any change that we make will have an explanation.  The
explanation will serve to show intent and why specific changes were
made.

We have all dedicated huge amounts of time to this project already,  now
we want to spend a little extra time putting the right language around
all of our conversations.  I will update you on the progress of this
effort tomorrow.  As soon as the document is ready, I will get it to
you.

Please let me know if you have any questions.

Mike Bridges


FYI.  These two are new hires at Cato who are pretty crackerjack at what they
do.  Cato must be raising good money from this sector.

- Rob

----- Forwarded by Rob Bradley/Corp/Enron on 04/03/2001 04:47 PM -----

	"Adam Thierer" <athierer@cato.org>
	04/03/2001 03:25 PM
	Please respond to athierer

		 To: "Adam Thierer" <athierer@cato.org>
		 cc:
		 Subject: Cato TechKnowledge #1: A Libertarian Vision

???  Friends...????We are happy to bring you  Issue #1 of the Cato
Institute's new technology and telecom?policy  newsletter TechKnowledge.
These periodic commentaries?will  feature?the insights?of Cato
scholars?on?high-tech issues in  the news. While our first issue provides a
general overview of?our general  philosophical vision, subsequent editions
will apply this framework to a wide  array of specific public policy
matters.?An archive of  all past editions will also be available on our web
site at www.cato.org?within the Telecom &  Technology subdirectory.?We hope
you enjoy these commentaries, but if for  any reason you do not care to
receive them in?the future, just let us know.  Thanks - - Adam Thierer

?

?[IMAGE]

Issue #1

April 3, 2001?

The Libertarian Vision for Telecom and  High-Technology
by Adam Thierer and Wayne  Crews?

???????????  The technology and telecommunications sectors of the American
economy are  increasingly under assault by politicians and regulators at all
levels of  government ) local, state, federal, and international. Although
the  Telecommunications Act of 1996 reflected a growing consensus that
competition  and deregulation would bring tremendous benefits to consumers
and entrepreneurs  alike, the Act not only fell well short of this goal, but
has actually resulted  in increased micro-management of the communications
industry. Worse yet,  policymakers show an increasing willingness to extend
the misguided regulatory  legacy of the past to cover the Internet and other
emerging technologies within  the information services marketplace.

???????????  Policymakers must resist the urge to treat existing and emerging
markets  and technologies as their political playthings. Fresh thinking is
needed and  this thinking should be guided by three simple principles as
policymakers  consider how the Internet and the high-technology sector should
be governed:

Principle #1 ) First, Do No Harm: Just as this sound principle governs  the
medical profession, so too should such a &High-Tech Hippocratic Oath8 guide
public policymakers. The pace of technological change in this sector makes
it  almost impossible to establish timely policies that won,t be outdated as
soon as  they are put into place. While both entrepreneurs and  industry
giants can sometimes move at cyber-speed to avoid rapid technological
obsolescence, it is apparent that governments and legislatures cannot. That,
s  the contrast between &Moore,s Law8 and &Murphy,s Law.8

Computer and  communications firms have been forced to come to terms with the
reality of  &Moore,s Law,8 which holds that the computing power doubles
roughly every 18  months while its price falls by an equally dramatic margin
over the same period.  In other words, they have to reinvent the wheel every
year-and-a-half if they  want to stay on top of their game.

However, lawmaking is often beset by &Murphy,s Law8*  anything that can go
wrong, will go wrong. Moreover, even the most  well-intentioned efforts will
likely take so long to move through the  legislative &sausage factory8 that
most statutes or regulations will be obsolete  or redundant by the time they
finally take effect. Put simply, &Internet time8  and &Washington time8 are
measured by two very different clocks.  Policymakers must avoid quick fixes
and supposedly simple political  solutions to the complex problems posed by
the realities of the new digital  economy.

Principle #2 ) Be Patient: The second principle policymakers  should heed
when considering high-tech policies is to exercise patience and  regulatory
restraint; to be willing to wait for the good results they allegedly  seek,
to develop naturally. This is not always easy in a town that believes  there
is a short-term political solution to every problem. Many politicians provide
lip service to the benefits of the  market and self-regulation, but then act
to subvert the will of companies and  consumers by imposing haphazard
top-down regulatory solutions and protectionist  regulation.

Policymakers must avoid activism and recognize their own  ignorance. They
should not attempt to impose market structures or determine  outcomes.
Instead they should respect the natural discovery process of the free
market, and the spontaneous ordering of our fast-paced technological society.
As  these markets expand, evolve and mature, they will exceed any top-down
creation  of politicians.

Principle  #3 ) Embrace  Change: Finally,  policymakers must embrace
technological change and its revolutionary nature.  Learning to live with
change is never easy. Firms, technologies, even entire  industry sectors can
rise and fall in a very short period of time. One day, CB  radio and 8-track
tapes are the hottest technology in the land; the next, they  are as dated as
disco dancing and bell-bottoms.

???????????  But sometimes such failure is a good thing. Yesterday,s
industrial  giant becomes today,s also-ran. Whether it,s IBM in the +70s or
Microsoft in the  +90s, no firm or technology can expect to remain king of
the hill for long. In  fact, if there,s one constant in the Internet world,
it,s change. The New  Economy is characterized by extreme volatility: the
ongoing stock market roller  coaster; techno fads; rapid technological
obsolescence; etc. In fact, tomorrow,s  Internet is not likely to be the
Internet we know today.

???????????  Consequently, policymakers must realize that the Internet and
the  high-tech sector will challenge previous policies, existing programs,
older  institutions, and well-established industries. Legislators must be
willing to  change existing structures, laws, or political norms to
accommodate or foster  the ongoing expansion of the New Economy. While some
Old Economy interests may  not like the emergence of these new industry
sectors and technologies, policymakers must not allow older companies to use
old or new laws and regulations as a tool against their new competitors. The
history of communications industry regulation is littered with lamentable
tales  of one industry sector using the club of regulation to beat their
competitors  into submission. Policymakers must reject such Luddite
proposals.

These simple principles  should guide any telecommunications or technology
policy debates that arise.  More specifically, these principles can be
translated into a more concrete set  of commandments for policymakers to
follow:

(1) Any individual or entity should be free to create and offer to  the
public any technological good or communications service they want, whenever
they want, however they want, and on whatever terms they and their customers
find mutually agreeable.

(2) No individual or entity has a natural, inalienable right or  entitlement
to a specific technological good or telecommunications service.

(3) Free speech rights and the First Amendment are of paramount  importance
to individual liberty and should be fully honored and protected  against
government interference.

(4) Rather than impose administrative rules, policymakers should  respect
private property rights; unhindered freedom of contract; voluntary
negotiations and standard-setting; private dispute resolution; other common
law  standards such as the law of trespass and torts; and the proper
interpretation  of the Commerce Clause of the Constitution as a guarantor of
the free flow of  interstate commerce.???

The Cato Institute,s  Tech Knowledge series of commentaries will seek to
apply this libertarian  framework to the exploding universe of
high-technology policy issues in a  consistent and ongoing manner.

________________________

???????????????  Adam Thierer is the Director of Telecommunications Studies
and Wayne  Crews the Director of Technology Studies at the Cato Institute in
Washington,  D.C. (www.cato.org)

?

 - techknowledgelogo.gif