To Energy Committee Members, Principal Officers and Liaison Representatives:

ENERGY UPDATE - June 26, 2001
*****************************

Conservation:
On Thursday, June 7 our Board Chair, Dr. James Woody signed on to the Energy
Conservation Declaration of Action on behalf of the Silicon Valley
Manufacturing Group.  Sponsored by the Bay Area Council, the Declaration
represents an outward commitment to conservation and the quality of life and
economic vitality of California.  More than 50 business organizations and
120 CEO's signed on to help make this campaign a success.
***********************************************

Load Management:
On June 6 John Wilson of the California Energy Commission, along with his
consultants John Flory and Mike O'Sheasy, presented the CEC proposed RTP
Tariff to the Energy Committee and asked for our endorsement.  Members of
the Committee thoroughly reviewed the proposal and conducted case studies.
The Committee submitted three main caveats to the CEC, upon which our
endorsement depended.  The CEC was very receptive to our concerns and
amended the Tariff language to the Committee's satisfaction.  If adopted, we
are encouraged that many SVMG member companies can benefit from
participating in the Real Time Pricing program due to our influence.  Final
adjustments to the language are being prepared and the CEC is expecting that
this item will be heard by the California Public Utilities Commission on
Thursday, June 28.  We will let you know how this unfolds.

After months of effort, we have succeeded in putting together a Blackout
Notification System that will provide California employers, residents, and
public safety officers with adequate time to respond to an impending rolling
blackout.  This system provides not only a 1-hour advanced warning before a
blackout could occur, but also includes 48 and 24-hour notices that
blackouts might happen due to predicted hot weather conditions, and/or a
lack of energy supply, or planned and unplanned maintenance at generation
facilities.  The proactive approach will include a system by which residents
and employers can have their extensive contact information such as e-mails,
pagers, and cell phones listed in a database.  This will help us better
prepare for a blackout with more adequate time to power down assembly lines,
projects, and computers, and power up emergency generators.  We can also
help prevent blackouts by taking early action.
****************************************************************************
*****

Generation / Transmission:
Included in the attached Energy Matrix is a listing of the different
infrastructure projects that the SVMG has helped to endorse.  There is also
a link to our website where you can obtain more information on the projects.
You will also find a section that provides an update to project status.  The
SVMG will continue to review and support needed infrastructure projects as
they are presented to us.
****************

Legislation / Regulation:
For the past three weeks John Redding, Justin Bradley, and Derek Naten have
been representing the SVMG in a series of meetings in Sacramento with a
broad coalition of consumer, business/industrial, environmentalists, and
labor groups, and Southern California Edison Company to influence a proposed
regional energy plan.  Discussion convened daily in an effort to solve the
financial issues surrounding the SCE and DWR undercollections.  SVMG has
also been working with business groups to leverage our strength for a fair
and comprehensive energy plan for California that would consist of an
equitable (proportional) allocation of costs of utility and DWR
undercollections between all customer classes, the restoration of a market
with customer choice through direct access to bilateral electricity
contracts, and the removal of barriers to on-site generation.  We are
currently stalled at this stage of the negotiations due to the enormous
uncertainty of the terms and conditions of the DWR contract portfolio.  We
are encouraged, however, and will keep you updated.

On June 17 Justin Bradley, our Energy Director testified in front of the
House Budget Committee in Washington, DC advocating for research and
development funding through the National Energy Reliability Initiative.
Through his efforts we are aiming to influence a national energy policy that
will help California as we continue to look forward at our energy situation.
One way we will do this is to maintain a working and regular relationship
with our federal representatives.  Justin will be facilitating a bi-weekly
dialogue with representatives Honda, Lofgren and Eshoo to exchange
information about legislation and policy with our Legislative Subcommittee.
We will let you know more when Justin returns.
*************************

Energy Committee News:
Please join us in welcoming the new co-chair of our Energy Committee.  Joe
Desmond, President and CEO of Infotility, has nearly 20 years of experience
in the energy field.  He is determined, bright, and enthusiastic about his
work.  Joe has a wealth of impressive experience in energy and leadership
and a thorough knowledge of energy and the associated issues facing the SVMG
companies. He has been an active and valued member of the Energy Committee,
and has provided much leadership on salient issues, including Blackout
Notification, Real Time Pricing, and Direct Access.  We are excited to
welcome Joe as our new Energy Committee co-chair and are confident that,
along with the talent and expertise of John Redding and the entire
committee, we will continue to lead as California resolves its energy
crisis.  Thanks to KC Mares for all his work as former co-chair and,
although he will continue to participate, KC we will miss you!
****************************************************************************
**********

Attached is our Energy Matrix.  Through this matrix we intend to keep track
of our activities on energy.  When new business is reported on, old business
will be added to the matrix, which will be updated weekly.  If you have any
questions, please call Justin Bradley at 408-501-7852.

 - Regulatory and Legislative Update.doc


Andy Edison has notified me that Jones, Day is representing a party in a litigation matter adverse to Enron. Please notify me if you are aware of any work that Jones, Day is performing for any Enron entity or for any lender or underwriter on an Enron matter.  Thank you. Jim


Scott,
I received your attached letter reflecting your "out-of-scope" expenditure for the fatal flaw analysis.  I am amazed that you spent $10,000.00 more than you were authorized (authorized amount $8,500.00).  I have passed along your invoice for the contracted $8,500.00 to our development group and at present have no authorization to approve any amount over that commitment.  When the Commercial guys have contracts with shippers and we are ready to move ahead on the environmental resource reports for the FERC filing, we can talk about the overage at that time.  However, I am not sure recovery will be possible.  Until then, I'm afraid I have no further authorization.  John Shafer

-----Original Message-----
From: Patti, Scott [mailto:SPatti@ensr.com]
Sent: Monday, October 15, 2001 1:22 PM
To: Shafer, John
Cc: Hackney, Phil; Schmidt, Jon
Subject: Additional Budget Authorization Request

John,

Please see the attached budget authorization request letter and call me with
any questions or concerns you may have.  Thank you,

Scott

Scott J. Patti
Senior Project Manager
ENSR International
1601 Prospect Parkway
Fort Collins, CO  80525
Phone: (970) 493-8878
Fax:     (970) 493-0213
Email:  spatti@ensr.com
 <<Authorization Request.doc>>

**********************************************************************
The information contained in this communication is confidential and
privileged proprietary information intended only for the individual
or entity to whom it is addressed.  Any unauthorized use, distribution,
copying or disclosure of this communication is prohibited.
If you have received this communication in error, please contact the
sender immediately.

It is our policy that e-mails are intended for and should be used for
business purposes only.

This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

ENSR
www.ensr.com
postmaster@ensr.com
**********************************************************************


-----Original Message-----
From: 	"scott neal" <sneal4@houston.rr.com>@ENRON
Sent:	Monday, January 28, 2002 8:33 PM
To:	Neal, Scott
Subject:	FW: Just wanted to say Hi!

-----Original Message-----
From: Neal, Scott [mailto:Scott.Neal@ENRON.com]
Sent: Thursday, November 29, 2001 2:17 PM
To: scott.neal@worldnet.att.net
Subject: FW: Just wanted to say Hi!

>  -----Original Message-----
> From: 	"Randy Aucoin" <randy.aucoin@rweamericas.com>@ENRON
> Sent:	Thursday, November 29, 2001 11:15 AM
> To:	Neal, Scott
> Subject:	RE: Just wanted to say Hi!
>
> Scott,
>
> My number is 713-837-2272.  I'm rarely at my desk so please try my
> cell
> phone 281-793-6796.
>
> Randy
>
> -----Original Message-----
> From: Scott.Neal@enron.com [mailto:Scott.Neal@enron.com]
> Sent: Thursday, November 29, 2001 10:29 AM
> To: Randy Aucoin
> Subject: RE: Just wanted to say Hi!
>
>
> Randy,
>
> Thank you for your thoughts.  My family and I are fine.  I will give
> you
> a
> call later.
> What is your phone number?
>
> Sincerely,
>
> Scott
>
>     -----Original Message-----
>    From:   "Randy Aucoin" <randy.aucoin@rweamericas.com>@ENRON
>    Sent:   Thursday, November 29, 2001 8:59 AM
>    To:     Neal, Scott
>    Subject:  Just wanted to say Hi!
>
>    Scott,
>
>    I hope you and your family are doing o.k.  I know these last few
> weeks
>    have had to be tough on you and your employees.   I know there is
>    nothing anyone can do or say to change the situation, but I wanted
> you
>    to know that I was wishing you the best.  I know your character and
> the
>    respect you have gained from your fellow employees is still an
>    inspiration to those around you.
>
>    I would love to buy you and your wife dinner one night if you would
> like
>    to get away for the evening.
>
>    Sincerely,
>
>    Randy Aucoin
>    RWE Trading
>
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant
> affiliate
> and may contain confidential and privileged material for the sole use
> of
> the intended recipient (s). Any review, use, distribution or
> disclosure
> by others is strictly prohibited. If you are not the intended
> recipient
> (or authorized to receive for the recipient), please contact the
> sender
> or reply to Enron Corp. at enron.messaging.administration@enron.com
> and
> delete all copies of the message. This e-mail (and any attachments
> hereto) are not intended to be an offer (or an acceptance) and do not
> create or evidence a binding and enforceable contract between Enron
> Corp. (or any of its affiliates) and the intended recipient or any
> other
> party, and may not be relied on by anyone as the basis of a contract
> by
> estoppel or otherwise. Thank you.
> **********************************************************************
>


I will be taking the day off, but am working late today to get tomorrow's scheduling done ahead of time.  I have spoken with Michael Frazier about getting the load data to me this afternoon so that I can do so.

I will be available by cell phone if need be.

Thanks,

Julie


Has Taffy finalized the confirm "hotline" solution?  The paralegals have no
plan other than to rely on the confirm desk to call a live person.


FYI
 -----Original Message-----
From: 	Stacy Carey <SCAREY@ISDA.ORG>@ENRON [mailto:IMCEANOTES-Stacy+20Carey+20+3CSCAREY+40ISDA+2EORG+3E+40ENRON@ENRON.com]
Sent:	Thursday, July 26, 2001 12:44 PM
To:	US REGULATORY COMMITTEE
Subject:	Bankruptcy Reform Language - Section 562

Attached is the most recent Sec. 562 proposal responding to FDIC's concerns.

Modifications include:

a) incorporation of  burden of proof language into statute. This language
was originally refrenced only in the legislative history language.(i.e if
the timing of the measurement of damages is challenged by the trustee, the
burden of proving that the measurement of the date of
liquidation,termination, acceleration would not be commercially reasonable
... etc. lies with the swap participant .. master netting participant....

b) additional legislative history language strengthening non-application of
Section 562 to FDIA (562 has no impact on contracts/agreements othern than
those specified in the section)

c) additional langauge in legislative history explaining that the need to
measuring damages prior to date of termination/liquidation/acceleration is
rare but will occur in unusual circumstances (language cites the
disapperance of the Kuwaiti Dinar after the 1990 invasion.

Please call if you have any questions.  Many thanks!

Stacy Carey
Policy Director
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

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

-----Original Message-----
From: Seth GROSSHANDLER [mailto:sgrosshandler@cgsh.com]
Sent: Thursday, July 26, 2001 1:21 PM
To: mkrimminger@fdic.gov
Cc: dina.ellis@do.treas.gov; norman.carleton@do.treas.gov;
dwall@fdic.gov; fhampton@bondmarkets.com; psaltzman@bondmarkets.com;
scarey@isda.org; daniel.cunningham@allenovery.com; ejlich@isda.org;
Edward J ROSEN
Subject: Section 562

Here is our proposal, based on yesterday's meeting (sorry you weren't
there).  We believe this is responsive to the concerns that were raised,
and hope that you agree.  I am circulating this to those at yesterday's
meeting for whom I have e-mail addresses;  I trust you will circulate to
others in the PWG.  Thanks Mike.

Sec. 562 - Timing of damage measurement in connection with [protected
contracts]

If the trustee rejects a [protected contract or agreement] or if [a
protected counterparty] liquidates, terminates, or accelerates such
contract or agreement, damages shall be measured as of the earlier of --

(1) the date of such rejection; or

(2) the date or dates of such liquidation, termination, or acceleration
unless:

     (A)  there are not any commercially reasonable determinants of value
as of such date or dates, in which case such forward contract merchant,
stockbroker, financial institution, securities clearing agency, repo
participant, financial participant, master netting agreement participant,
or swap participant shall measure damages as of the earliest subsequent
date or dates on which there are commercially reasonable determinants of
value; or

     (B) there are no determinants of value as of such date or dates, in
which case such forward contract merchant, stockbroker, financial
institution, securities clearing agency, repo participant, financial
participant, master netting agreement participant, or swap participant
shall measure damages as of the earliest date or dates after, or the latest
date or dates before, such date or dates on which there are commercially
reasonable determinants of value.

For the purposes of subsection (2), if damages are not measured as of the
date or dates of liquidation, termination or acceleration and the trustee
challenges the timing of the measurement of damages by a forward contract
merchant, stockbroker, financial institution, securities clearing agency,
repo participant, financial participant, master netting agreement
participant, or swap participant,  such forward contract merchant,
stockbroker, financial institution, securities clearing agency, repo
participant, financial participant, master netting agreement participant,
or swap participant has the burden of proving that there were no
commercially reasonable determinants of value or no determinants of value
as of such date or dates.

Legislative History:

Section 910 adds a new section 562 to the Bankruptcy Code providing that
damages under any swap agreement, securities contract, forward contract,
commodity contract, repurchase agreement or master netting agreement will
be calculated as of the earlier of (i) the date of rejection of such
agreement by a trustee or (ii) the date or dates of liquidation,
termination or acceleration of such contract or agreement.  Section 562
provides an exception to the rule in (ii) if there are no commercially
reasonable determinants of value as of such date or dates,  in which case
damages are to be measured as of the earliest subsequent date or dates
after such date or dates on which there are commercially reasonable
determinants of value, or if there are no determinants of value as of such
date or dates, in which case damages are to be measured as of the earliest
subsequent date or dates after such date or dates or the latest date or
dates before such date or dates on which there are commercially reasonable
determinants of value.  Although it is expected that in most circumstances
damages would be measured as of the date or dates of liquidation,
termination or acceleration, in certain unusual circumstances, such as
dysfunctional markets or liquidation of very large portfolios, there may be
no commercially reasonable determinants of value, and in other unusual
circumstances, such as war conditions, there may be no determinants of
value whatsoever.  Measuring damages as of a date or dates before the date
of liquidation, termination or acceleration will occur in very unusual
circumstances.  An example was the need to use the most recent available
information for the Kuwaiti Dinar after the virtual disappearance of the
currency after the invasion of Kuwait in 1990.

The non-bankrupt party is not given unlimited discretion to determine the
date as of which damages are to be measured.  Instead, its actions are
circumscribed unless there are no "commercially reasonable" determinants of
value (or no determinants of value whatsoever) for it to measure damages on
the date or dates of liquidation, termination or acceleration.  The
references to "commercially reasonable" are intended to reflect existing
state law standards relating to a creditor's actions in determining
damages.  New section 562 provides that if damages are not measured as of
the date or dates or liquidation, termination or acceleration and the
trustee challenges the timing of the measurement of damages by a forward
contract merchant, stockbroker, financial institution, securities clearing
agency, repo participant, financial participant, master netting agreement
participant, or swap participant, such forward contract merchant,
stockbroker, financial institution, securities clearing agency, repo
participant, financial participant, master netting agreement participant,
or swap participant has the burden of proving the absence of any
commercially reasonable determinants of value or any determinants of value,
as the case may be.

New section 562 is not intended to have any impact on the determination
under the Bankruptcy Code of the timing of damages for contracts and
agreements other than those specified in section 562.  Also, section 562
does not apply to proceedings under the FDIA, and it is not intended that
Section 562 have any impact on the interpretation of the provisions of the
FDIA relating to timing of damages in respect of QFCs or other contracts.

This message is being sent from a law firm and may contain information
which is confidential or privileged.  If you are not the intended
recipient, please advise the sender immediately by reply e-mail and delete
this message and any attachments without retaining a copy.


FYI, all new deals that are at NGPL/Nipsco, need to be in sitara at
Nipsco/NGPL.  Please shout with any questions.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/23/2001
08:56 AM ---------------------------

	From:  George F Smith                           01/23/2001 08:08 AM

To: Phillip M Love/HOU/ECT@ECT
cc: Cora Pendergrass/Corp/Enron@ENRON, Margie Straight/HOU/ECT@ECT, Jason
Williams/HOU/ECT@ECT, Patrice L Mims/HOU/ECT@ECT
Subject: NGPL Nipsco

Phillip, Please move the following two deals from their current location,
NGPL/Nipsco, to a new location Nipsco/NGPL.  We are setting up Nipsco as it's
own pipeline so as to better track positions. Please make the change
effective Feb. 1.

Thanks, George


Note:  Update on the oil market outlook.  LB

-----Original Message-----
From: webmaster@cera.com [mailto:webmaster@cera.com]
Sent: Monday, October 15, 2001 8:34 AM
To: clients@cera.com
Subject: CERA's Crude Oil Price Outlook - CERA Decision Brief

Title: Crude Oil Price Outlook after September 11
URL(s):

http://www20.cera.com/eprofile?u=35&m=2743;

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

CERA's CRUDE OIL PRICE OUTLOOK

In this uncertain environment, CERA has made assumptions about how events will
unfold in order to form a price outlook, and then has assessed the risks.

* CERA's revised oil demand forecast is for a gain of just 0.3 million
barrels per day (mbd) in 2002. The trend during 2002 is for a sharp year-on-
year drop in demand in the first quarter of 0.7 mbd,, followed by a 1.3 mbd
increase in the fourth quarter as economic recovery sets in.

* Contrasting against this message of very weak oil demand growth is CERA's
outlook for a 1.0 mbd year-on-year gain in non-OPEC supply in 2002.

* As a result, the potential exists for a dramatic oversupply of oil next
year unless OPEC restrains its production. CERA's view is that OPEC continues
to restrain production in late 2001 and 2002 in an attempt to shore up prices.

**end**

Follow above URL for complete report (10 printed pages).

E-mail Category: Decision Brief
CERA Knowledge Area(s): Global Oil

***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


-----Original Message-----
From: Wilhite, Jane
Sent: Tuesday, September 04, 2001 9:55 AM
To: Mann, Kay; Schuler, Lance (Legal)
Subject: RE: Genuity Buy and Corp Sell (Back to Back)

Kay,

We need to incorporate the following components into the Genuity Solutions Inc. Master Agreement:

We need a parent guarantee from Genuity Inc. ($10MM) and are willing to reciprocate (Enron Corp. $10MM).  We need to insert Events of Default with respect to guarantor. (Credit Support Annex section 4 and 5 from our MSA)
We need to insert netting (MSA section 6.4) and close-out setoff (MSA section 5.7).
We need to insert the ability to request financial statements from the Guarantor if they are not publicly available (MSA section 8).
The assignment language needs to be re-amended.  Both parties can only assign to an affiliate that is at least as creditworthy as the existing - i.e. we need to maintain the parent guarantee. (MSA section 10.4). The current amendment is unclear whether or not Genuity is the only party allowed to assign to an affiliate.
We need a bilateral bankruptcy event of default. (MSA section 5.1(iv)).
There is no clause regarding disputes of invoices.  We can use our standard language from the MSA.(Section 6.3).
Do we need to state that we are a forward contract merchant?

Please let me know if you have any questions.

Thanks,

Jane Wilhite
ext. 35063

-----Original Message-----
From: Mann, Kay
Sent: Sunday, September 02, 2001 10:42 AM
To: Schuler, Lance (Legal)
Cc: Wilhite, Jane
Subject: RE: Genuity Buy and Corp Sell (Back to Back)

Sounds fine.  I have a copy of what I believe to be the current master, and the confirm states that  a revised master is anticipated, and if signed, may govern the transaction.

Kay

-----Original Message-----
From: Schuler, Lance (Legal)
Sent: Sun 9/2/2001 10:13 AM
To: Mann, Kay
Cc: Wilhite, Jane
Subject: FW: Genuity Buy and Corp Sell (Back to Back)

Kay, since you have been involved with Genuity, will you please followup on the proposals below.  Thank you.  Lance.

W. Lance Schuler
Enron North America Corp.
1400 Smith Street
Houston, Texas  77002
Phone: 713/853-5419
Fax:  281/664-4890
Email:  lance.schuler-legal@enron.com

 -----Original Message-----
From:   Wilhite, Jane
Sent:   Friday, August 31, 2001 3:53 PM
To:     Sarkissian, Arshak; Lafuze, Molly
Cc:     Suarez, John; Racicot, Paul; Schuler, Lance (Legal)
Subject:        *RE: Genuity Buy and Corp Sell (Back to Back)

Arshak - We will approve this transaction with Genuity Solutions Inc.

Please note - before any additional transactions with Genuity Solutions or Genuity Telecom occur we must amend the Master Agreement.  CRM does not approve of the form for the Master Agreement with Genuity Solutions, Inc.  There are no events of default with respect to EBS, we need to incorporate set-off language between the two affiliates and we need to push for a parent guarantee.

Molly - please attach these comments to the confirmation for the file.

Lance - Can we get somebody in legal assigned to help amend this agreement?

Thanks,

Jane Wilhite
ext. 35063

 -----Original Message-----
From:   Sarkissian, Arshak
Sent:   Friday, August 31, 2001 3:44 PM
To:     Wilhite, Jane; Lafuze, Molly
Cc:     Suarez, John
Subject:        RE: Genuity Buy and Corp Sell (Back to Back)

Genuity MtM~($60,928)

 -----Original Message-----
From:   Wilhite, Jane
Sent:   Friday, August 31, 2001 2:23 PM
To:     Sarkissian, Arshak; Lafuze, Molly
Cc:     Suarez, John; Edison, Susan; Racicot, Paul
Subject:        RE: Genuity Buy and Corp Sell (Back to Back)

What is the MTM for this deal?

 -----Original Message-----
From:   Sarkissian, Arshak
Sent:   Friday, August 31, 2001 2:18 PM
To:     Lafuze, Molly; Wilhite, Jane
Cc:     Suarez, John; Edison, Susan; Racicot, Paul
Subject:        Genuity Buy and Corp Sell (Back to Back)

Molly,

Please find the deal tickets attached.  Lets try to get it out (at least the Genuity piece) today.

Thanks,

Arshak.

 << File: GENUITY-CORP-DEAL-TICKET-8-31-2001-AS.xls >>  << File: GENUITY-CORP-BUY-DS3-1400SMITH-8-31-2001-AS.xls >>


Note that this information is background; i.e., not for attribution.

Alan C.
---------------------- Forwarded by Alan Comnes/PDX/ECT on 03/15/2001 12:45
PM ---------------------------

Michael Etringer

03/15/2001 09:30 AM

To: Alan Comnes/PDX/ECT@ECT
cc:

Subject: Involuntary bankruptcy in CA

---------------------- Forwarded by Michael Etringer/HOU/ECT on 03/15/2001
09:39 AM ---------------------------

Christopher F Calger
03/14/2001 12:44 PM
To: Michael Etringer/HOU/ECT@ECT, Terry W Donovan/HOU/ECT@ECT
cc:
Subject: Involuntary bankruptcy in CA

---------------------- Forwarded by Christopher F Calger/PDX/ECT on
03/14/2001 12:47 PM ---------------------------
From: Elizabeth Linnell@ENRON on 03/14/2001 02:21 PM CST
To: Michael Tribolet/ENRON@enronXgate, William  S Bradford/Enron@EnronXGate,
John J Lavorato/Enron@EnronXGate, Louise Kitchen/HOU/ECT@ECT, David W
Delainey/HOU/EES@EES, Tim Belden/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, Vicki Sharp/HOU/EES@EES, Elizabeth Sager/HOU/ECT@ECT,
Wendy Conwell/NA/Enron@Enron
cc: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON
Subject: Involuntary bankruptcy in CA

We heard on the street today that CalEnergy, through a number of their QF
projects, is planning to push Edison into involuntary bankruptcy next week.
At this point, this news is for internal consumption only, and once we have
more details we'll follow up.

Elizabeth Linnell
Gov't Affairs


Donna, I think this falls in your court.  Let me know if it should be handled elsewhere.  Thanks.  Michelle

 -----Original Message-----
From: 	Greer, Andrew
Sent:	Tuesday, August 21, 2001 12:19 AM
To:	Cash, Michelle
Subject:	Series 7

Michelle:
My name is Andrew Greer and I am new on the Hrly power desk.  TJ Black gave me your name in order to get my NASD Series 7 & 63 transferred over.  Is that something you could help me out with?
Thanks,
Andrew Greer


Hi guys, Jenny Johnson here. My husband and I are running a small bookstore
in space lent to us by Ecclesia Church. I wanted to let you know that they
do have a building permit for the construction going on there; you can see
it in the window of the door that's on the center right as you face the
building. Though they aren't breaking parking codes with their events, they
do realize that they are inconveniencing the neighborhood and will be paving
a lot in the back of their building to alleviate pressure on nearby streets.
They want to be good neighbors and would welcome hearing concerns that
anyone has.

Also, here's a little plug, while we're at it: The bookstore is called
Strange Land Books. We specialize in classic and contemporary fiction,
culture studies, and Christian theology. We're non-profit, and proceeds
benefit Houston literacy projects. Our opening party is this Fri., Jan. 25,
from 6-9 pm. We'll take twenty percent off all books all night, and have
light refreshments courtesy of the coffeeshop/vegetarian cafe that will also
soon open in the same space.

Please come see us, and if you have any more questions about what's going on
at 2115 Taft, email me with them. If I can't answer, I'll refer you to
someone who can.

Peace,
Jenny

> From: "thezistlers" <zistlerf@wallacegarcia.com>
> Reply-To: emca@yahoogroups.com
> Date: Wed, 16 Jan 2002 16:33:24 -0000
> To: emca@yahoogroups.com
> Subject: *EMCA* City lot size ordinance
>
> Also, we were wondering if anyone has noticed the parking problems
> lately due to the Eclesiastic church on Taft?  They seem to provide
> no parking for their events which seem to occur more often every
> month.  They have done alot of work on that church and I have never
> noticed one single permit posted on their structure.  We don't really
> know these people and have nothing against them but don't they need
> to comply with city parking and building codes?
>
> Maybe these issues can be addressed in next months newsletter?
>
>
>
> To unsubscribe from this group, send an email to:
> emca-unsubscribe@egroups.com
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
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Unfortunately, these new dates don't work for me.  My children's spring break
is next week, March 12-16,  I will be out of the office that week on
vacation, taking my own daughter to look at colleges!  --Sally

Geynille Dillingham
03/07/2001 01:13 PM
To: Cindy Olson/Corp/Enron@ENRON, Jean Mrha/NA/Enron@Enron, Mariella
Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sally Beck/HOU/ECT@ECT, Michelle
Cash/HOU/ECT@ECT, Christie Patrick/HOU/ECT@ECT, Kelly H Boots/HOU/ECT@ECT,
Jennifer Fraser/HOU/ECT@ECT, Mog Heu/NA/Enron@Enron, Sabina
Rank/NA/Enron@Enron, Grace Kim/NA/Enron@Enron, Kim Wilkie/ET&S/Enron@ENRON,
Carol Jean Marshall/HOU/ECT@ECT, Elizabeth Shim/Corp/Enron@ENRON
cc: Kathy McMahon/NA/Enron@Enron, Melissa Jones/NA/Enron@ENRON, Isabel
Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patti Thompson/HOU/ECT@ECT,
Twanda Sweet/HOU/ECT@ECT, Mary Border/Corp/Enron@Enron, Gloria Solis/HOU/ECT
Subject: Wellesley Interview reschedule dates

Hello Team!!!

The rescheduled Wellesley interview dates are confirmed for March 13th and
14th.  The tentative dates did not work because it was Spring Break for the
students.  The Pre-Interview Reception will take place the 12th.  I am in
need of interviewers still.  I am scheduling the same greeters to return.
The participants so far are the following:

Pre-Interview Reception First Round  Second Round
Geynille Dillingham  Vacant (I)  Jean Mrha
Sabina Rank   Sabina Rank (G) Vacant (I)
Vacant (I)   Vacant (I)  Grace Kim (G)
    Geynille Dillingham Geynille Dillingham

Please call me or e-mail as soon as possible if you can attend.  As you can
see I need three interviewers.

Thanks, Geynille


As promised, I've attached a spreadsheet that offers monthly industry
returns
(incl. dividends) for the beverage and food industries.  There is no
consolidated food & beverage sector.

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

 - Index returns.xls


Group,
Just a quick reminder.  We have a meeting April 11 at 4:30 in the afternoon.
We will review ytd performance of the group, areas where we are doing well,
and areas for improviement.  Please bring your thoughts and material to take
notes.  We will also have a couple Hot Lips Pizzas again.

Additionally, I have not heard from all of you regarding the class on April
27th and 28th.
The course is Electric System Operation for the Non-engineer.  The course
highlights include:
Generation
Transmission and Overhead
Distribution Systems
Underground Distribution
Switchgear
Voltage Control
Matching Generation

The course will purportedly provide a comprehensive understanding of system
operations including fossil fuel, hydro and nuclear generation, transmission
and distribution.  The course should provide not only technical information
but also economics of operation, system and equipment protection and safety.

If I have not heard from you by Noon on the 11th, I will assume that you are
not interested.
Thanks,

Bill


Uh I fucked up and sent this to myself instead of you.
---------------------- Forwarded by Mark Guzman/PDX/ECT on 09/15/2000 01:17
PM ---------------------------

	From:  Mark Guzman                           09/15/2000 11:10 AM

To: Mark Guzman/PDX/ECT@ECT
cc:
Subject: Re:

Yeah dude I bet you got a lot of operational management and statistical
business analysis as well as spreadsheet work with that Poli Sci degree.  At
least the group projects will enable you to meet some people.  Are you still
thinking about getting a job tending bar or something or do you think you
won't have enough time?  good to hear you are coming up in a few weeks.  I
would definetly like to go out with you guys on Thursday night. That Friday
night i already have plans but maybe we can go play some golf on Friday
afternoon.  I played in a tournament with some people at work out at the
Reserve last week.  Boy is that a great course.  Our tee time was at 7:30 and
we had all been out partying until 2am the night before.  So needless to say
we weren't feeling so great come tee time. However the beers were free for
the tournament and come about 7:45 we were drinking again and feeling a
little better.  We all played really well and got fourth plance out of 42
teams.  We won these sweater vests, a sand wedge, and a Nike bag.  There was
a free bar-b-que afterward with more free beer.  So by about 2pm we were all
totally schmatered.  It was a good time and I was playing with the guy that i
want to work for in Real Time Trading.  He and I are going to lunch next week
to discuss but he mentioned to me during golf that he wants me to work for
him which would be a great opportunity so things are going a little better at
work.  Anwyay let me know what your plans are for the week you come.  I will
catch you later man.


Shenton Cell: 925/963-3385
Office: 925-398-1014
Address: 6683 Owens Drive
Pleasantion, CA 94588

Alt Cell: (Collegue's Cell  - Terry) : 941/928-9766


BROADCAST MESSAGE TO ALL PILOTS:

I currently have 17 pending missions. I realize it is a holiday next week but if you can fly next week please call or email the office as soon as possible. I need to fill ALL 10 missions through 11/27 before we leave on the Wednesday 21st.

1 for WEDNESDAY		1.  Houston to Norman (leg 1 of 2 leg mission)

2 for SUNDAY		1.  San Angelo to Houston (leg 2 of 3 leg mission)

				1.  Houston to San Antonio ( leg 3 of 3 leg mission)

4 for  MONDAY		1.  Bristol, TN to Memphis

				1.  Addison to Houston  (leg 2 of 2 leg mission)

				1.  New Orleans to Houston (leg 2 of 2 leg mission)

3 for TUESDAY		1.  Houston to McAllen

				1.  San Antonio to Addison

				1.  San Antonio to Texarkana, AR (leg 1 of 2 leg mission

				1.  San Antonio to Houston (leg 1 of 3 leg mission)

PLEASE CHECK WEBSITES FOR OTHERS

thank you
Beth
972 458 0700
afsc@angelflightsc.org


[IMAGE] [IMAGE]

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Please note  this e-mail was sent to the following address:  pkeavey@ect.enron.com


I see tour stock is starting to rebound 2day.  Maybe they can afford to
have you on the payroll for a couple more years.


Start Date: 4/2/01; HourAhead hour: 4;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040204.txt
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Error: dbCaps97Data: Cannot perform this operation on a closed database


I will be in Enron's BA office from September 14 - September 17 (Tuesday -
Friday).  I would like to schedule some time to review the ISDA Schedule
previously sent to you for comment.  Other than the morning and early
afternoon of Sept. 15 (Wed.), I am free to schedule an appointment with you.
If you have comments to the Schedule, please send them to me in Houston.  I
will be in the Houston office until Monday afternoon.

Also, does the Marval firm have an English speaking tax lawyer who could
assist Enron Houston tax on Argentine trading issues?  Please let me know as
soon as possible.

I look forward to hearing from you.  Regards.  Sara


You got the right one -- thanks for telling me, but I already knew that
without your having to tell me.  I cherish having sisters and love you very
much too.  (Okay, maybe one of you is more cherished than the other, but
don't tell Cara I said that!)

"Cindy White" <cwhite@viviance.com> on 10/24/2000 03:59:49 PM
To: "Sally" <sally.beck@enron.com>
cc:
Subject: one last thing...

If I haven't told you recently I am very glad you are my sister.  I love
you.

 Cindy (hoping this one goes to the right Sally!)


It might help if I gave you the names!

Amy Flores
Michael Hinds
Chris Loehr
Michelle Stroud
Joyce Tang
Ben Thomason
Rudy de la Paz
Frank Felicia

Thanks!

 -----Original Message-----
From: 	Cash, Michelle
Sent:	Thursday, November 08, 2001 12:26 PM
To:	Walton, Sheila
Subject:	Names

Sheila,

Could you please provide me with PH files and also complete the charts on the following people?  Some of them may have left the company, and others may never have been employed.  Will you have access to all current/former employees' information?  If not, who would?

Thanks tons!!

Michelle


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Attached please find the 2000 Weekly Cost reports with actuals through
2/4/00.  If you have any questions please call.   Thanks Amy 3-7805


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Dear MONIKA,

Your enrollment status has been changed from 'Wait Listed' to
'Enrolled' for the following course:

Course Title    : Derivatives II - Energy Derivatives Advance Structures & Marketing
Course Code     : DERIV2-110101
Course Type     : Instructor Led Course

Starting Date   : Nov 1, 2001 8:00 AM
Ending Date     : Nov 2, 2001 5:00 PM

Thank you.


FYI - I have a futures agreement for Gary which he needs now so I'll handle
as I don't know if you are overwhelmed.  We still need to talk sometime.  SS

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


Vince,

Do you want me to do this, or Vasant?

--Stinson

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 04/10/2001
02:57 PM ---------------------------
From: Anne Labbe/ENRON@enronXgate on 04/06/2001 09:57 AM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Sevil Yamin

Stinson,

I am the new HR generalist for the research group because Norma Villarreal is
moving to Business Analysis and Reporting.  Earlier this week, Norma and I
met with Vince, and he said that he was going to talk to you about writing up
a list of Sevil's projects/ accomplishments for last year and this year, so
that we can give her a project bonus since she did not receive a bonus during
the normal PRC time.  At your earliest convenience, will you please email me
this list so that I can get started putting together all of the paperwork so
that she can receive a check on April 16th.

If you have any questions, please feel free to contact me at 5-7809. I look
forward to meeting you, and the rest of the group next week at Vince's staff
meeting.

Thanks,
Anne Labbe'


Enclosed please find clean and blacklined versions of the GE Contract.
The blackline of the Agreement identifies the changes from the draft I
sent you. Note that no blackline of the Exhibits was necessary because
it contained no references to WestLB.
Regards,
Paul

 <<HOU_554886_3.DOC>>  <<BL554888.DOC>>  <<HOU_554888_4.DOC>>
Paul J. Pipitone
Andrews & Kurth L.L.P.
4200 Chase Tower
600 Travis
Houston, Texas  77002
Phone: 713-220-4101
Fax:  713-238-7176
ppipitone@andrews-kurth.com

The information contained in this e-mail message is legally privileged
and confidential information intended only for the use of the
recipient(s) named above.  If the reader of this e-mail is not an
intended recipient, you have received this e-mail in error and any
review, dissemination, distribution or copying is strictly prohibited.
If you have received this e-mail in error,  please notify the sender
immediately by return e-mail and permanently delete the copy you
received.

Thank you.

 - HOU_554886_3.DOC
 - BL554888.DOC
 - HOU_554888_4.DOC


Would that be your home?  I actually found one and don't want to move... but
the right place at the right price might cause me to.

Mary Hain
03/15/2001 11:53 AM
To: Dave Fuller/PDX/ECT@ECT
cc:

Subject:

Are you still looking for a home in Lake Oswego?  One on the water?  I know
one that will be going on the market.


I will be out of the office from 10/12/2000 until 10/30/2000.

I will respond to your message when I return.


Steve,  Those were CPS's suggested changes, not mine.  I agree.  I don't know
what they want for Section 6 and Jim has agreed to get with CPS to get
further definition.  I also recommend pulling the language inserted in
Section 3 as Jim indicated we have already submitted all the estimates.  The
Bexar county venue is unacceptable and will be stricken.  David Marshall is
reviewing the insurance section and should have an answer today.

Steve HPL Schneider
03/30/2000 07:51 AM
To: Gerald Nemec/HOU/ECT@ECT
cc: James R Haden/HOU/ECT@ECT
Subject: CPS Revisions

I have reviewed the changes which you have made.  Under Section 6, I have no
idea what we would submit.  Therefore I suggest that the additions under this
section be removed.  The insurance provision looks fine to me except that I
would like to see a larger umbrella amount, but you need to get David
Marshall to bless.  Is there a precedent for having Bexar County the point of
venue under this contract?  Upon your completion, please send 3 copies to me,
2 of which I will submit for execution to CPS.


John,

New deal was done on the gas side.  Deal was with Vinatage petroleum in
Bolivia.  Michael Popkin can fill you in with the details.

The attached report is something that is being put together by Scott Mills
group.  It is what I look at to get a snapshot.  Is this what you are looking
for?  Please let me know/provide guidance as to what you want to see.  Do you
want to be copied on this or some variant?

Thanks,

Kish

John J Lavorato
06/28/2000 03:20 PM
To: Joe Kishkill/SA/Enron@Enron
cc:

Subject:

Joe

A couple of questions.

1.  Where did the Gas Trading P/L derive from this month.

2.  How are you coming on the position reports we discussed.

Talk to you soon.

John Lavorato


Ina,  thank you for the site.  Will you please have me added to the site
access?  I tried to login without success.

Sincerely,
mike


Try talking to Nadeem Tufail in London.  I believe he is a paralegal that is
responsible for their corporate filings.


Vince, the following information is missing from your employee profile which
will be used at the MD PRC meeting on 8/15/00:

Current Responsibilities
Previous experience at Enron

Please go into your GIS file and update by end of business day Monday, July
31st.

If you have any questions or problems getting into your file, please call
Kathy Schultea at EXT 33841.

Thank you.


Per Robert's request.

Taffy Milligan
Sr. Admin Assistant
EWS-Legal
Tele: 713-345-7373
Fax:  713-646-6058

	Robert Rose@ENRON
	05/30/2001 03:48 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Taffy Milligan/HOU/ECT@ECT
		 Subject: MUD 23 Access & Maintenance Agreement

Dan,

Ann Elizabeth prepared an agreement last week whereby
Harris County MUD No. 23 would be allowed certain
access across HPL Bammel property to do work on
their drainage ditches.  After a review of the agreement
by Steve Schneider, he suggested that language be
added concerning a matting of the property over
the pipelines when "heavy machinery" is used.  Also,
he suggested that language as to property/road
restoration be added.

Taffy, can you email a copy of the agreement to Dan
so he can make these changes (I was only provided
hard copies)?

Please let me know if you have any questions!

Thank you very much,

r


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 09/14/2000
04:18 PM ---------------------------

"Stacey Bernstein" <stadogb@email.msn.com> on 09/14/2000 02:56:18 PM
To: "Adrian James" <ajames3436@hotmail.com>, <Deevlovek@aol.com>, "Gerri
Harris" <Mtnester99@aol.com>, <Grt2BaGatr@aol.com>, "Jen Lipkin"
<jdogindahouse@aol.com>, "Matt Lenhart" <Matthew.Lenhart@enron.com>,
<Scottyhouse@aol.com>, <SPEVBA@aol.com>, <Tabi2323@cs.com>,
<TSalterM@aol.com>, <Wmnrsmartr@aol.com>
cc:

Subject: Fw: Fortune Teller.

?
----- Original Message -----
From: Karen  Geffen
To: 'Anne Marie' ; 'Arleen' ;  'Dan' ; 'Ellle' ; 'Erin' ; 'Jena' ; 'Wendy' ;
'Tina' ; 'Shannon' ; 'Keira'
Sent: Thursday, September 14, 2000 2:06 PM
Subject: FW: Fortune Teller.

-----Original Message-----
From: Leslie Libarkin [mailto:LLibarkin@alliedph.com]
Sent:  Thursday, September 14, 2000 10:52 AM
To: Adam Fried (E-mail); David Stephen  (E-mail 2); Donna Root (E-mail);
Frank Chang (E-mail); Karen Geffen (E-mail);  Katie Botel (E-mail);
Michele Battaline (E-mail); Sheara Braun (E-mail);  Wendy Keelins
(E-mail); Brian Lancaster (E-mail 2)
Subject: FW: Fortune  Teller.

-----Original Message-----
From: epitsino@epb.com [mailto:epitsino@epb.com]
Sent: Wednesday,  September 13, 2000 5:12 PM
To: mayaluna@hotmail.com; elmano7@yahoo.com; deemalana@aol.com;
rajdeep.sandhu@comsat.com; jeff.irwin@comsat.com;
LLibarkin@alliedph.com; tkachoris@cns.gov; lboyd@arielres.com
Subject: Fortune  Teller.

Sender's Phone:?????  301-263-2275
It told me I like to make out and go to  parties.

<<Internet  HTML>>

 - FORTUNE.html


Pam,

Please, let me know how I can submit the grades.
I gave my students April the 30th as a deadline to submit
their reports and I shall be able to send you the grades by May the 4th.

Is E-mail OK?

Vince

Pamela Vande Krol Castro <castro@rice.edu> on 04/19/2001 10:11:23 AM
To: (Recipient list suppressed)
cc: werckle@ruf.rice.edu, spradlin@ruf.rice.edu
Subject: one last reminder and then I will be quiet

One last reminder ..
Today is really your last day for scheduling final exams with Linda Werckle
(3463).  She will be out of town after today until exams begin.

Also, please remember to turn in your grades for all of your graduating
seniors by Friday, May 4th.  This is the university deadline so we cannot
miss this date.  The registrar needs final information on each student in
order to verify their graduating status.

As always - thank you for your help!

Pamela Castro
MBA Program Associate
Rice University
713-348-6223


FYI.

---------------------- Forwarded by Scott Healy/HOU/ECT on 10/27/2000 07:40
AM ---------------------------

Michael D Nanny@ENRON_DEVELOPMENT
10/26/2000 04:33 PM
To: Scott Healy/HOU/ECT@ECT, Stephen Plauche/Corp/Enron@Enron
cc: Robert P Virgo/HOU/ECT@ECT
Subject: Revision No.1 for ENA Fuelcell Estimate dated 10/26/2000

---------------------- Forwarded by Michael D Nanny/ENRON_DEVELOPMENT on
10/26/2000 04:25 PM ---------------------------

Ray Danner@ENRON
10/26/2000 03:44 PM
To: Michael D Nanny/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Terri
Austin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Jay Patel/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Robin Long/NA/Enron@ENRON
Subject: Revision No.1 for ENA Fuelcell Estimate dated 10/26/2000

Mike,

Attached are the revised (Revision 1) BOP Estimates for the Wallingford Fuel
Cells Power Project (10 cells - 21.2 MW) and the Midcon (Hartford) Fuel Cells
Power Project (12 cells - 28.8 MW) in the amount of $9.5MM and $9.6 MM
respectively. These estimates reflect our discussions today with the
following comments provided:

 1. I have lowered the Contingency to 10% from 15% per the direction from
Mike Coleman. Estimating does not agree with this reduced contingency and I
feel it is inadequate for the level of detail provided.

 2. Because of this reduction in contingency, I have re-evaluated the
concrete account and moved the Slab on Grade from the FCE Scope to the EE&CC
Scope of Work. I have also revised the foundations for FCE based on the
quantities they provided.

 3. We are using $10,000 per cell for Grounding Grid based on reviewing
additional estimating data. (The earlier number of $75,000 for the first two
(2) cells  and $25,000 for each additional cell was provided as an estimate
from FCE.  We agree it is too high.

 4. Based on our discussions, we are using $450,000 per project for
Engineering Services.

A Basis of Estimate is also provided.

Please call if you have questions or if you want to have additional meetings.

Ray Danner

---------------------- Forwarded by Ray Danner/NA/Enron on 10/26/2000 03:26
PM ---------------------------
From: Jay Patel@ENRON_DEVELOPMENT on 10/26/2000 03:24 PM
To: Ray Danner/NA/Enron@Enron
cc:

Subject: Revision No.1 for ENA Fuelcell Estimate dated 10/26/2000

Ray, herewith, please find the subject Estimate and respective Basis of
Estimate.

Regards
Jay N. Patel
   X-55262


Nonono.  That profile is for Natasha - not me.

Clayton Vernon@ENRON
02/23/2000 03:46 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Natasha-

Chris-

Her name is Victoria

Do you really play piano?

Clay


Attached for review are the draft template GTC and Confirm forms for the monthly wellhead and pooling point purchase business of ENA Upstream.  Please review and provide any comments you may have as soon as possible.  We would like to implement these templates for October business going forward.

Judy,  We need to discuss how the "Keep Whole" language used for the torch deal, should be incorporated into these forms for those deals with the negotiated Keep Whole.  Ellen, has scheduled a meeting for Thursday to discuss.


Updated list of master netting agreement assignments.


Ladies ---

Just checking the status of this company's application for EOL.

Thanks,
Griff


<http://www.real-net.net/R/EMAL.020312EMAL34img.rb.00..R/html-images.realnetworks.com/pics/clear_.gif>Unsubscribe at bottom

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The PRELIMINARY DPR reflects a 5 Day Loss Notification for Global Products in
the following amount:

  Limit  -  ($18,750,000)

  5 Day Loss -  ($19,108,000)


These don't look complete to me - e.g. Contractual Currency, Index
definition, Volume reference.

	Melba Lozano
	10/04/2000 05:26 PM

		 To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Sony
Wilson/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT
		 cc: Robert B Cass/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT
		 Subject: US Heating Oil and Unleaded Gas Fin Spreads - Approval

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail).

These will be for existing spread products that are under the existing
product type : US HeatingOil2 Fin Swap and US UNL Gas Fin Swap they need to
be split up for sigma factor purposes.

Product Type #1   US HeatingOil2 FIN Spread
A US Heating Oil Swap financial Transaction with Enron North America Corp.,
under which the Seller pays a Floating Price and the Buyer pays the price
submitted by Counterparty on the website (the Fixed Price) in each case in
respect of the Notional Quantity per Determination Period.  Each calendar
month during the term of the Transaction will be a Determination Period. The
Notional Quantity per Determination Period shall be the volume for the
relevant Determination Period (calculated using the volume submitted by
Counterparty via EnronOnline).  The Payment Date(s) will be 5 business days
after the Floating Price is determinable. The Floating Price shall be the
average of the Index for each Pricing Date in the relevant Determination
Period.

Product Type #2   US UNL Gas Fin Spread
A US Unleaded Gasoline financial Swap Transaction with Enron North America
Corp., under which the Seller pays a Floating Price and the Buyer pays the
price submitted by Counterparty on the website (the Fixed Price) in each case
in respect of the Notional Quantity per Determination Period.  Each calendar
month during the term of the Transaction will be a Determination Period. The
Notional Quantity per Determination Period shall be the volume for the
relevant Determination Period (calculated using the volume submitted by
Counterparty via EnronOnline).  The Payment Date(s) will be 5 business days
after the Floating Price is determinable. The Floating Price shall be the
average of the Index for each Pricing Date in the relevant Determination
Period.

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

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"

Thanks - Rob Cass  -  Melba Lozano
x35491   x58986


---------------------- Forwarded by Eric Bass/HOU/ECT on 04/06/2001 03:16 PM
---------------------------

Bryan Hull
04/06/2001 02:21 PM
To: Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, hullkron@bellsouth.net, Michael Walters/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc:
Subject: FW: New PG&E line Trucks

>  <<2001 Line Trucks.jpg>>
>
> When the California energy crisis started to get press coverage back in
> November 2000, a new PG&E policy was implemented to remove all company
> logos
> from vehicles for personnel/property protection (no kidding), and to stop
> using the blue paint on new vehicles as a cost reduction strategy.  How
> dare
> they say we're not a responsible electric provider!
>
> >            Due to the current budget cut backs in the company we had to
> > drop some of the options that we normally order on the crew trucks.
> > Attached you will find the new standard replacement vehicle, as you can
> > see were able to keep the  PG&E corporate color and stay within budget.
>

 - 2001 Line Trucks.jpg


---------------------- Forwarded by Kay Mann/Corp/Enron on 05/23/2001 02:51
PM ---------------------------
From: Kathleen Carnahan/ENRON@enronXgate on 05/23/2001 02:50 PM
To: Kay Mann/Corp/Enron@Enron, Carlos Sole/NA/Enron@Enron, "Norman Carnahan
(E-mail)" <ncarnahan@velaw.com>@SMTP@enronXgate
cc:

Subject: Skeletal Remains Found on Nolan Ryan's Ranch

FYI - My daughter just called to tell me that their seismic company just
found a body (skeletal remains) on Nolan Ryan's bull ranch China Grove (don't
know if that is a town or the name of the ranch), off of County Road 521.
Ryan is just the tenant, the property belongs to Claude Hammel.

Kathleen Carnahan
Enron North  America Corp.
1400 Smith Street, EB 3146d
Houston, TX 77002
Phone - (713) 345-3386
Fax - (713) 646-3037


This needs to be changed after the calc.

Kate

Evelyn Metoyer@ENRON
01/11/2001 03:05 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 495177

Jeff Richter
deal 495177
Prebon shows location as SP-15 we show NP-15


Hawk vote for California firm unanimous
Houston Chronicle, 05/15/01

INTERNATIONAL ECONOMY: Enron may cut stake in Gulf gas project
Financial Times; May 15, 2001

JAPAN: Enron says high power rates costing Japan.
Reuters English News Service, 05/15/01

Japan Must Speed Up Pwr Sector Dereg To Lower Rates-Indus
Dow Jones Energy Service, 05/15/01

SINGAPORE: ANALYSIS-No Asia fallout seen from Enron's India woes.
Reuters English News Service, 05/15/01

Saudi Won't Announce Winners Of Gas Projs Tue - Report
Dow Jones Energy Service, 05/15/01

MSEB refutes allegations by Enron, DPC
The Economic Times, 05/15/01

Saudi Supreme Petrol Council meeting to decide on huge gas project bids
Business Recorder, 05/15/01

May 15, 2001
Houston Chronicle
Hawk vote for California firm unanimous
Montgomery Watson pegged for water plant
By MARY FLOOD
Copyright 2001 Houston Chronicle
The Houston Area Water Corp. voted unanimously Monday to grant a $92 million
contract to a California-based firm to design, build and operate a Lake
Houston water plant.
City Council soon will receive the contract for its approval. The
administration of Mayor Lee Brown was believed to have favored Montgomery
Watson's chief competitor, Azurix Corp., an arm of local energy giant Enron
Corp.
The water corporation, known as "the Hawk," voted 5-0 to grant the contract.
If approved by City Council, the contract would give the company 2 1/2 years
to get the plant up and treating raw lake water.
It was initially expected that the plant, which will be designed to handle 40
million gallons of water daily, could cost as much as $150 million to build.
The Hawk board asked the vying companies to modify their bids several times,
and that caused the competitors to lower their prices.
The contract calls for the Hawk to pay a monthly operating fee of $157,000
when the plant is working. And Montgomery Watson could be required to
construct, at the Hawk's option, an additional 40 million-gallon-a-day plant
expansion for $32 million.
But the details of how the plant will be financed have not been determined.
The Hawk board discussed borrowing money using the city's credit rating on a
short-term basis until it could develop long-term financing by selling bonds
itself.
The initial customer for the water is the city of Houston, which would repay
the Hawk the cost of producing the treated water. The hope is that the plant
eventually will provide water to other entities in the area as well. This
plant is part of an area plan for the treatment of surface water that could
cost about $2 billion to implement.
City Councilman Carroll Robinson, who heads the council infrastructure
committee, said he expects to hold two hearings about the contract. One would
focus on how the Hawk board picked Montgomery Watson. A series of three
recommendations from City Hall staff recommended Azurix.
Hawk board members said Montgomery Watson's prices were lower by millions and
that Azurix plans to sell Azurix North America, the body that would oversee
this contract.
The second City Council hearing will focus on financing, Robinson said. "In
my mind, how the city will pay for this construction is as important as who
will do it," Robinson said.
The Hawk board, appointed by Brown and approved by City Council, has been
heavily lobbied by the contenders for the job.
Because City Council does not have to follow the Hawk recommendation, new
pressure has begun at City Hall. The third bidder, U.S. Filter Operating
Services, part of a French company, has been heavily lobbying some council
members to switch the contract to it.
Some members of the Azurix team -- people at companies that would have gotten
work had Azurix gotten the job -- have written letters complaining about the
Hawk procedures as well.
John M. Stokes, president and chief executive officer of Azurix, penned the
first such distressed missive. In April, he wrote to Hawk board Chairman
David Berg complaining of the "deleterious economic effect" on Azurix of the
board's decision to negotiate with Montgomery Watson. He requested that Berg
answer a series of questions in writing explaining why Azurix didn't get the
job. Berg didn't do so.
Although that letter had a threatening tone, Amanda Martin, president of
Azurix North America, said no threat was intended and the letter simply
indicated how upset the team was when it first learned Azurix wasn't chosen.
Azurix was the rumored front-runner for months.

		INTERNATIONAL ECONOMY: Enron may cut stake in Gulf gas project
Financial Times; May 15, 2001
By ROBIN ALLEN

		There are growing fears that Enron, the US power company, may withdraw or
sharply reduce its stake in the Gulf's Dollars 10bn Dolphin gas export
scheme, one of the most ambitious of its kind in the region.
		Enron officials have refused to comment on reports that the company is
reconsidering its position as a minority shareholder in Dolphin Energy, in
which France's TotalFinaElf (TFE) also has 24.5 per cent.
		However, one industry specialist said yesterday Enron was talking of
"selling" at least part of its shareholding.
		The threat raises critical issues for western companies seeking to profit
from accessing state-owned oil and gas in the Gulf.
		The project was launched two years ago by Abu Dhabi, the wealthiest of the
United Arab Emirates, to promote energy security for the Gulf. But Abu
Dhabiis seen as a prime example of a state where prestige and opaque domestic
political considerations can be as important as profitability in such a
large-scale project, especially in the early stages.
		Dolphin's majority owner is UAE's Offsets Group (UOG), an offshoot of Abu
Dhabi's defence procurement industry. In March, Dolphin, a relative newcomer
on Abu Dhabi's energy scene, signed a Dollars 3.5bn agreement with Qatar to
exploit and pipe up to 2bn cubic feet a day of gas from Qatar's prolific
North Field to Abu Dhabi.
		Qatari gas is the source of Abu Dhabi's long-term energy strategy, and Enron
's role was to develop, at a profit, the downstream section, primarily to
construct and lay the 350km pipeline from Qatar to Abu Dhabi.
		Enron is not a specialist in energy production or pipeline fabrication, but
one of its main aims, according to one analyst, was to gain access to the gas
accruing to it from the Qatar deal and then trade it on. Sheikh Zayed Bin
Sultan al-Nahyan, Abu Dhabi's ruler, disapproves of commodity trading.
		"If the Qatar-UAE gas deal was going to be profitable" for western energy
majors, asked one senior western diplomat, "then why are the serious US
energy majors not involved?" For more reports see www.ft.com/globaleconomy
		Copyright: The Financial Times Limited

JAPAN: Enron says high power rates costing Japan.

05/15/2001
Reuters English News Service
(C) Reuters Limited 2001.

TOKYO, May 15 (Reuters) - A senior executive of U.S. energy giant Enron Corp
said on Tuesday that Japan could save an estimated four trillion yen ($32.45
billion) in annual costs if electricity rates were cut to the average of
members of the Organisation for Economic Cooperation and Development (OECD).
"If you were to pare Japanese industrial electric rates to the OECD
average...savings to all...customers would be about four trillion yen per
year," Enron Corp Vice President Steven Kean told a seminar in Tokyo.
Speaking at a seminar on electric power deregulation, Kean said that
indigenous factors such as steep land prices and a lack of natural energy
resources were often blamed for Japan's high electricity rates.
But he said these factors were not sufficient to explain Japan's high
electricity rates.
A report commissioned by Enron Japan Corp showed that in 1998 Japan's
electricity rates for industrial users were 16.81 yen per kilowatt hour (kWh)
compared to a second highest rate of 12.44 yen in Italy.
Japan's business sector has expressed concern at the nation's high
electricity rates, saying that it blunts their competitive edge on the
international market.
Kean also drew parallels between Japan, in the midst of deregulation, and
California which has been suffering from a power shortage since deregulating
its market in 1998.
These included the length of time that authorities in Japan took to issue
permits to allow the construction of new power plants, he said.
"The regulatory structure in Japan is very strict...just like in California,"
Kean said.
North America's biggest buyer and seller of electricity, Enron gained its
first foothold in Japan in 1999 when it established affiliate E Power Corp.
In April of last year, it set up subsidiary Enron Japan Corp.
Kean urged Japan to step up measures to open up its power market, a process
he said held many benefits.
Japan is in the process of deregulating its power market. Since March last
year, large-lot consumers have been free to chose their suppliers. The
measure liberalised an estimated 30 percent of the power market and ended
Japan's 10 power utilities regional monopoly.
However, industry watchers note that there have been very few new entrants
and that further deregulation measures must be taken for rates to fall. The
Japanese government is due to review the process in 2003.

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

Japan Must Speed Up Pwr Sector Dereg To Lower Rates-Indus

05/15/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

TOKYO -(Dow Jones)- Japan should accelerate the ongoing electric power sector
deregulation to fully liberalize the retail market, in order to bring down
the country's high power rates while ensuring stable power supply, experts
said at an industry seminar Tuesday.
The pressure is mounting for Japan's 10 power utilities, which have long
enjoyed regional monopolies until a year ago, to become cost- effective and
performance-conscious after the government partially liberalized the retail
power market in March 2000.
However, the current scheme has so far failed to lure a large number of
potential entrants because of the high transmission fees they must pay to
conventional power companies.
"What happened in overseas (power industries) suggest that the liberalization
in Japan wouldn't only lower power rates but would also contribute to stable
power supply significantly," said Tatsuo Hatta, professor of economics at the
University of Tokyo.
Compared with the U.S., Japanese electricity charges are typically twice as
much for households and three times higher for industrial users.
"There is a large discrepancy (in rates), and that is why we should hurriedly
implement the liberalization," Hatta said.
He said Japan's steep seasonal peak-load curve - one of the reasons the power
companies cite as the cause of high power rates in Japan - can be altered
once the prices are liberalized. "If power rates are set higher during those
peak hours following the liberalization, users would refrain from using
electricity."
Steven Kean, executive vice president of the U.S. energy major, Enron Corp.
(ENE), told the same seminar that Japan's power costs remain on the upward
trend despite cost reductions in Europe and the U.S.
He said Japan could achieve a cost-saving of Y4 trillion a year if its power
prices fall to levels in Organization for Economic Cooperation and
Development countries following the liberalization.
Hatta and Kean were speaking at the seminar called "Reassessing Power
Deregulation," which was co-sponsored by the Houston-based Enron.

Hatta of the University of Tokyo said "it's very wise" that Japan has begun
the deregulation with the "bilateral supply, or trade" system under which
suppliers and users clinch deals directly.
Under the current reforms, the sector for high-volume, large-lot industrial
and commercial users - which represents only 30% of the Y15 trillion market -
is opened to free competition. The government is to review the partial
deregulation by 2003 for further deregulation.
Japan should then introduce spot electricity trading such as futures and
derivatives to alleviate risks of complicated price volatility for power
providers, Hatta said.
Hatta and other experts attending the seminar said further deregulation
should destroy the systems that have supported the country's high power rates
- regional monopolies and the fair rate return method, under which all costs
are levied on prices.
"There is absolutely no need to set the same (power) prices" nationwide,
Hatta said. Power companies should make the opaque transmission fees
transparent and set them accordingly with regional demand, he said.
Yoshinori Omuro, vice president of Takashimaya Co.'s (J.TKA or 8233)
management department, acknowledged the slow progress of the deregulation.
Takashimaya, a major department store operator, has shifted to Diamond Power
Corp., a wholly-owned subsidiary of Mitsubishi Corp. (J.MIB or 8058) as its
power supplier at two of its 18 stores, with "strong back-up" from the
Ministry of Economy, Trade and Industry.
"Despite the deregulation, the situation isn't where we can negotiate with
power utilities to reduce (electricity costs). We have no choice but select
independent power providers," Omuro said.
-By Maki Aoto, Dow Jones Newswires; 813-5255-2929; maki.aoto@dowjones.com

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

SINGAPORE: ANALYSIS-No Asia fallout seen from Enron's India woes.
By Cameron Dueck

05/15/2001
Reuters English News Service
(C) Reuters Limited 2001.

SINGAPORE, May 15 (Reuters) - A bitter payment battle between U.S. energy
giant Enron Corp and authorities in India will serve as a reminder to foreign
investors of the risks of putting money into emerging markets, analysts and
bankers say.
But it is unlikely to deter the flow of money into Asian electricity projects.
The pace of power privatisation and deregulation varies too greatly from
country to country for the controversy in India to chill investment activity
across Asia, they say.
It does, however, underline the risks companies take despite some security
offered by government payment guarantees.
"Independant power producers (IPPs) will see Enron and Dabhol as an
illustration of the dangers and possible risks of investing in an emerging
market, but it would be going too far to say that other markets will be
adversely affected because of it," said Philip Jackson, a banker with JP
Morgan Chase in Hong Kong.
Enron is on the verge of bailing out of an almost completed $2.9 billion
power project because of a decade-long dispute with the troubled Maharashtra
State Electricity Board (MSEB) over pricing and unpaid bills.
MSEB has fallen about six months behind in paying for electricity supplied by
Dabhol Power Co, the Indian unit of Houston-based Enron.
The utility said last month that it had repaid about $28.6 million of the
$48.2 million outstanding.
The board of Dabhol has authorised the management to stop selling power to
MSEB if the dispute is not resolved. Local media reports earlier in May said
Enron was pulling executives out of India and relocating them elsewhere.
Dabhol has invoked payment guarantees issued by the state and federal
governments, but neither has stepped forward to foot the bill.
GOVERNMENT GUARANTEES
Banks often demand sponsor or host government guarantees to lessen risk
before financing energy projects, which have long lead times and high capital
expenditure.
Governments are keen to provide guarantees to attract foreign investment.
Guarantees may cover shortfalls in production, default of customer payment or
even changes in market conditions.
But such guarantees do not always provide the desired safety net and analysts
said the legal systems in many emerging nations are simply not efficient
enough to back these agreements.
Enron's experience in India highlighted the risks of power investment in
emerging countries and the unpredictability of government guarantees, they
said.
"Guarantees like that are painful for companies and for polititicians they're
even more so," said John Vautrain, vice president at Purvin & Gertz in
Singapore.
"If the call is substantial, it's going to be bad."
Robert Booth, director of the Bardak Group in West Perth, Australia, was more
pessimistic and reckoned some companies might take a lead from Enron and shy
away from emerging Asian nations.
"Investors will pull back from these countries until they see that there is a
properly functioning legal system that gives them assurance if they have to
call in a government guarantee," Booth said.

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

Saudi Won't Announce Winners Of Gas Projs Tue - Report

05/15/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

MANAMA, Bahrain -(Dow Jones)- Saudi Arabia's supreme petroleum council is
expected to hold a meeting Tuesday evening, but it's unlikely to declare its
choice of international oil companies to participate in downstream gas
projects, Arabic al-Hayat newspaper reported.
The newspaper quoted sources at the government's technical committee
overseeing the proposed projects as saying that the committee hasn't
completed its final report concerning the oil companies' offers.
"Studies and recommendations haven't been completed yet and they need some
time in order to present the project at its final structure, attached with
recommendations from the technical committee," the sources said, according to
the newspaper.
However, the oil council "might endorse some balances concerning the offers,"
the newspaper said but didn't elaborate further.
Sources in Saudi Arabia have said the oil companies were expected to be
notified soon on whether they have been selected to participate in the gas
projects.
Saudi Arabia invited international oil companies in October 1998 to
participate in proposals for downstream gas projects and upstream gas
enhancement.
After a series of meetings between the negotiating committee and the oil
companies in the past year, several companies were shortlisted for each
project.
The companies shortlisted for Core Venture 1, the $15 billion South Ghawar
Area Development were Royal Dutch/Shell Group (RD), BP PLC (BP), Exxon Mobil
Corp. (XOM), Chevron Corp. (CHV), Total Fina Elf S.A. (TOT) and ENI SpA (E).
For Core Venture 2, the Red Sea Development, Enron Corp. (ENE) and Occidental
Petroleum Corp. (OXY) are bidding jointly and Exxon Mobil, Total Fina Elf,
Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA) were
shortlisted.
And for Core Venture 3, the Shaybah area, Total Fina Elf, Conoco, Phillips
Petroleum (P), Enron and Occidental, Exxon Mobil, Shell and Marathon Oil were
shortlisted.
-By Abdulla Fardan, Dow Jones Newswires; 973-530758;
abdullah.fardan@dowjones.com

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

MSEB refutes allegations by Enron, DPC
Girish Kuber

05/15/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

MUMBAI
THE MAHARASHTRA State Electricity Board on Monday in a letter to Enron
refuted all allegations made against it by the company while invoking the
political force majeure.
Enron-promoted Dabhol Power Company on April 9 had invoked the political
force majeure clause. DPC had indicated it was not in a position to fulfil
its contractual obligations to MSEB because of political circumstances beyond
its control.
MSEB in a reply on Monday denied Enron's allegation of 'political
circumstances' and said there was no reason why it should have felt insecure.
"Such a step was necessary under the Power Purchase Agreement and related
security documents to notify the board of 'certain events and to enforce our
rights'," DPC had said. However, according to MSEB, such a step by DPC was
uncalled for.
For DPC, invoking the force majeure clause was necessary as 'certain events
occurred that are beyond the reasonable control of the affected party (DPC)'.
MSEB has expressed surprise in a letter on Monday.
The energy major had dispatched the notice to MSEB, as an affected party,
which had been subjected to "concerted, deliberate and politically motivated
actions of state government, the Government of India and the Board, which
will have a material and adverse effect on DPC's ability to perform
obligations under PPA".
"Given the cumulative effect of these political actions, DPC determined that
the political force majeure declaration is an appropriate mechanism for
providing that notice, and that is an appropriate and necessary step in
protecting DPC and its stakeholders' rights," the statement added.
However, for MSEB this was 'yet another move' from Enron to avoid paying Rs
402 crore penalty the MSEB has slapped on it for failing to supply
electricity as per the agreement.
MSEB, in today's letter, reiterated its suggestion to adjust December 2000
and Januray 2001 bills, against the Rs 800 crore penalty it has slapped on
Enron for not supplying electricity as per demand.
MSEB has refused to pay DPC's December 2000 and January 2001 bills worth Rs
213 crore.

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

Saudi Supreme Petrol Council meeting to decide on huge gas project bids

05/15/2001
Business Recorder
Copyright (C) 2001 Business Recorder; Source: World Reporter (TM)

RIYADH : Saudi Arabia's Supreme Petroleum Council (SPC) is holding meetings
on bids by 12 foreign oil majors for three giant gas projects and should take
a decision shortly, a top oil official said on Monday. "The SPC has been
discussing recommendations by the negotiating committee about the bids, and
the meetings will continues executive president of the committee Abdulrahman
al-Suhaibani told AFP.
"It is not clear yet when the discussions will be completed and wham a final
decision will be issued," added Suhaibani, who expected it to be soon. The
meetings began two weeks ago.
A senior foreign oil executive in the kingdom expected an answer to his
firm's bid by the end of this week or the start of next week.
"The SPC is holding a crucial meeting today (Monday) and tomorrow. bin were
told we would get an answer to our proposals either this weekend or early
next week," the executive told AFP.
The negotiating committee made detailed recommendations after meeting with
the representative of 12 international oil companies (IOCs) which are bidding
for the three multi-billion projects, the executive said.
The committee, comprising ministers who are also SPC members, is headed by
Foreign Minister Prince Saud al-Faisal.
The gas projects, which would be the first foreign investment
in the kingdom's energy sector since nationalisation in 1961, are located in
the South Ghawar field near Al-Hufuf in the Eastern Province, Shaybah in the
Empty Quarter desert, and the northern Red Sea area.
They cover 440,000 square kilometres (176,000 square miles), making it the
world's largest area for hydrocarbon investment.
US majors Enron and Occidental in a joint bid, as well as Chevron,
Conocokilometres, ExxonMobil, Marathon, Phillips and Texaco have been
shortlisted for the Saudi projects. Rounding out the list are European firms
BP Amoco, Eni, Royal Dutch Shell and TotalFinaElf.
ExxonMobil, Shell and TotalFinaElf are in the bidding for all three ventures.
The investment involves gas exploration and production, setting up
petrochemical industries and power and water desalination plants.
The projects, called the natural gas initiative, are to be carried out
simultaneously by consortia of two to three firms in cooperation with Aramco,
the national oil company, on long-term basis for up to 30 years, the
executive said.
Aramco has been working to double the Saudi gas network's capacity from the
current 3.5 billion cubic feet (105 million cubic metres) per day to seven
billion cubic feet (210 million metres) daily in 2004.
Saudi Arabia, which sits on top of the world's biggest oil reserves, has
proven natural gas reserves of 220 trillion cubic feet (6.6 trillion cubic
metres).-AFP

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