We have another new addition to the Portland West Desk:

Beginning today, Mohamed Elafandi (Mo) has joined the Real-Time Trading group.

Prior to Enron, Mo worked in Charlotte, North Carolina as an Associate in
Corporate Finance at First Union Securities - Capital Markets. He graduated
from the United States Naval Academy in Annapolis, Maryland with a Bachelor's
Degree in Marine Engineering, and received his MBA from the Fuqua School of
Business at Duke University.

Please welcome Mo to our Portland office!


For the central desk, please grant view access to the following traders:
Geoff Storey
Martin Cuilla
Kevin Ruscitti
Patrice Thurston
Jason Williams
Tom Donohoe
Joe Parks
Kelly Stevens
Hunter Shively
Robin Zivic
Andy Lewis
Sylvia Pollan

Central Risk Team needs update access as well as view access, those members
are as follows:
Victor Guggenheim
Anna Kulic
Souad Mahmassani
Chuck Ames
Bruce Mills
Phillip Love
Andres Balmaceda

I am also attaching samples of the files we will need out there, one position
report and one P&L file.  Please shout if you need any other information.
Thanks for your help.
PL

From: Shirley McDowell/ENRON@enronXgate on 03/02/2001 03:42 PM
To: Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Darron C
Giron/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON, Zhiyong Wei/ENRON@enronXgate
cc: Stephen Stock/ENRON@enronXgate
Subject: Trader Web-site Information

Greetings All!

As most of you know, there is a Trader Web-site project initiative currently
in progress to identify specific reports that traders have produced every day
and to then automatically publish these reports to a web-site.

We are in the initial stage of collecting requirements from the traders
(identified by Steve Stock) to determine what reports and report information
are to be submitted for publishing on a web-site.  Based on these
discussions, the requirements listed below have been identified so far.
Please review these requirements and let me know if you have any changes or
additional requirements by EOB Tuesday, March 6.  Also, please forward all
report templates, required report information, and security requirements for
your region.  If you are not be able to provide this information by next
Tuesday, please let me know.

Trader Report Web-site Requirements:

1. Need a separate web-site developed and implemented (in the same manner
that the Executive Report Viewer project, which is   being handled by Zhiyong
Wei's team)
2. Web-site to be available 24 hours a day X 7 days a week
3. There are 5 Risk Regions: East, West, Central, Texas, and Financial
4. Each person leads a region as follows:
 Kam Keiser   / East Risk Region
 Darron Giron   / West Risk Region
 Phillip Love  / Central Risk Region
 David Baumbach  / Texas Risk Region
 Errol McLaughlin / Financial Risk Region
5. Jeff Gossett is the Project Lead for Traders
6. There are several traders within each region
7. Security -  All traders should have access within their own region.
Security will need to be set up to only view each trader's  respective region
(or any additional regions identified).  Security requirements need to be
defined and documented by  each region lead, listing the name of each person
that will be able to view what particular region/s reports.
8. All reports are currently in Excel and need a macro to export to the new
web-site (formulas are within the spreadsheets).   Required reports are to be
identified by each region lead, with sample report templates.
9. A total of 15 reports are needed now and need more room for additional
reports to be added in the future
10. Reports are to be automatically exported daily (reports are run each
night) and to be published with "view only" capabilities on  the web-site
11. History - Need to maintain 30 days of history, and also every last day of
each month beginning (starting from) 1/01/01 and  forward

I will be meeting with Zhiyong next week to discuss these requirements, and I
will schedule project meetings as needed going forward.
Please contact me if you have any questions or need additional information.
Thank you for your input and support!!

Shirley McDowell
Project Manager/Trader Web-site


(See attached file: hpl0913.xls)

 - hpl0913.xls


Are you going to San Antonio Friday?  Is the little woman going with you - maybe make it a romantic encounter?


Here is the NYMEX initial margins as of statements dated 11/23.  Total is $182MM after credit lines.

Greg 35399


Earlier today I sent copies of TXU's proposed 867_03 contingency plan for
your review. We will be prepared to discuss this proposal at the RMS
workshop on Thursday.

We will also be prepared to discuss TXU's contingency plans for the 1.4
conversion. Unfortunately, we may not be able to send out copies for your
review prior to the meeting. If that is the case, I will bring copies with
me to the meeting.


Please include Michael Day on behalf of Enron and Wild Goose Storage Inc. on
the speaker's list for the all party meeting.  I would also urge the
Commissioner to consider a 90 or 120 minute meeting instead of 60 in light
of the number of potential parties.  Thanks for the consideration.  Mike Day


Just a little explanation on what you're seeing.

 We have a swing deal at this point with Equistar, which allows them to take
excess volumes over the base nom.  We have been estimating the overtakes each
day at 15, 000.  However, because of limitations of the scheduling system, we
can't nom the volumes estimated on the swing deal.  So, Equistar is within
their rights and I am monitoring their activity, but the nom versus actual
doesn't reflect this.  This occurs with a few of our industrial points.

D

	Enron North America Corp.

	From:  Pat Clynes @ ENRON                           08/14/2000 10:28 AM

To: Robert E Lloyd/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT
Subject: Meter #1552

Robert,
There is a large variance between noms and flow at this meter.  Is everyone
in the loop on this.  Pat


Attached is an "updated" Operations Integration Issues List for Houston/Portland and Calgary/Toronto as of Monday, February 4, 2002.

Christina Valdez Epperson
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com


I'm there!

"Veselack, Joni" <joni.veselack@neg.pge.com> on 09/05/2000 04:35:31 PM
To: "'Baker, Briant'" <briant.baker@bhlp.com>, "'Bowen, Tricia'"
<tbowen@enron.com>, "'Campos, Alma'" <alma.campos@wcom.com>, "'Chastain,
Renee'" <reneechastain@hotmail.com>, "'Chokshi, A'" <ami_chokshi@enron.com>,
"'Collins, Joann'" <joann_collins@enron.com>, "'Cooper, Audrey'"
<a.cooper@levin-kasner.com>, "'Dempsey, Rhonda'" <rdempsey@energyusa.com>,
"'Gallagher, Lisa'" <lgallagher@heritagetexas.com>, "'Germany, Chris'"
<chris.germany@enron.com>, "'Klein, Mary'" <blarnich@aol.com>, "'Kolosseus,
Mike'" <mckolosseus@dow.com>, "'La Madrid, Victor'"
<victor.lamadrid@enron.com>, "'Landry, Chad'" <landryc@ggc.com>, "'Luby,
Patrick'" <jpatrickl@poboxes.com>, "'Luis, Michelle'" <maluis@equiva.com>,
"'Mehra, Ziba'" <zibam@theticketcompany.com>, "'Mitchell, Meredith'"
<mmitche2@enron.com>, "'Olinger, Kim'" <kolinge@enron.com>, "'Preuss, Byron'"
<estate@infohwy.com>, "'Scherwitz, Scot'" <sascherwitz@dow.com>, "'Shelton,
Carolyn'" <carolyn_a_shelton@reliantenergy.com>, "'Sumrow, Chris'"
<Chris_Sumrow@Kindermorgan.com>, "'Sumrow, Molly'" <molly.sumrow@enron.com>,
"'Vachuska, Cindy'" <cindy.vachuska@enron.com>, "'Vigil, Gene'"
<aevigil@dow.com>, "'Wagner, Cassandra'" <cawagner@equiva.com>, "'Wagner,
Ross'" <rwagner@altra.com>, "'Williams, Sean'"
<swilliams01@coral-energy.com>, "'Frnka, Dawn'" <dfrnka@equiva.com>,
"'Bienski, Janet'" <jbienski@velaw.com>
cc:
Subject: BBQ - Joni's Sendoff - Sunday, Sept 10th, 4 pm

   It's a Party and You're Invited

   Occasion:  Farewell Party - Joni Veselack
  Day:  Sunday, September 10
  Time:  4:00 p.m.
  Place:  Woods on Augusta (pool area)

 I'm heading up north and didn't want to leave without having one
last get together around the pool!!! So, I decided to fire up the grill and
bbq.  I will have some snacks along with the bbq, but any side dishes or
desserts will definitely be enjoyed by one and all.

 Please bring your own "Cheer".

 Also, I need a head count for how much bbq to buy. (Get your minds
out of the gutter.) So, please let me know if you're attending.

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.


Lucy,

Here is the rentroll for this Friday.  Sorry it is so late.

There are a few problems with the rentroll from 2/2.

1.  I know you mentioned the deposit would be 5360.65 which is what the bank
is showing, but the rentroll only adds up to 4865.   The missing money on the
spreadsheet is probably the answer to my other questions below.

2.  #1 Did he pay the rent he missed on 1/26?

3.  #3 Did he miss rent on 1/26 and 2/2?

4.  #11 Missed on 2/2?

5.  #13 Missed on 1/26?

6.  #14  missed on 2/2?

7.  #15 missed on 2/2 and has not paid the 95 from 1/19?

8.  #20a missed on 2/2?

9.  #35 missed on 2/2?

My guess is some of these were paid but not recorded on the 2/2 rentroll.
You may have sent me a message over the "chat" line that I don't remember on
some of these.  I just want to get the final rentroll to tie exactly to the
bank deposit.

Will have some time today to work on a utility letter.  Tried to call Wade
last night at 5:30 but couldn't reach him.  Will try again today.

I believe that a doctor from Seguin is going to make an offer.  Did you meet
them?  If so, what did you think?

Phillip


Sally has arranged Brian Wood with Avistar to demo a desktop video
conferencing product tomorrow (Wednesday), April 4, 1:00 -2:00 PM.  Brian
will meet at Sally's office and take whoever is interested to another office
location in the Enron Building for demonstration.  If you are interested in
attending, please call me at x39106 so I can give Brian a headcount.

Thanks,
Patti x39106


i think you guys are going to be responsible for booking your own fare - so
talk to gary

	Enron Capital Management

	From:  David Baumbach                           01/10/2001 10:58 AM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject:

What time are the flights on Fri, Feb 16?  If you can save more money by
booking one late ... you can book me on a late flight.  I am not sure how
long the offsite is going to last.  If not, I'll make whatever flight you put
me on.

Dave


We are in good shape.

Richard A Lammers
01/12/2001 10:18 AM
To: Rob G Gay/NA/Enron@Enron
cc:

Subject: Bank call today

Rob- I was not on the bank call this morning .Please let me know if any new
deliverables popped out on today's call with the banks.


approved


A guy at work is thinking about upgrading his home speakers.  He really likes
a set already and wants to buy them, but they require a high powered amp.
His question is does the quality of the amp make that big of a difference
assuming equivalent power levels?  i.e for a given level of power how much
does the quality of the high end amp matter?

Thanks


Please see the attached diagram describing the Crescendo VPP Transaction.  It
displays the flow of volumes and dollars between Crescendo, Entrada, the ENA
Physical Desk and the ENA Financial Desk.  If you have any questions, please
contact Joan or Mark.


Yeah, that's why it's taking me so long to think of something to write.

Becky Pitre
03/06/2001 01:26 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Save me

Sure, now what is it you do?  Nothing!?

Robin Rodrigue
03/06/2001 01:30 PM
To: Becky Pitre/HOU/ECT@ECT
cc:
Subject: Re: Save me

I told Gabriel about your hairdryer story.  He was appropriately disgusted.
I'm writing procedures for what I do...ya wanna come help me?


Greetings Mark:

Here is the latest.

ENA signed a short-term deal (5 -week term, I believe) with DWR that goes
through the end of the month, at which time we have the option to extend the
deal to a five-year term.  We are discussing other longer-term deals, too.

As Steve points out, we've had serious concerns regarding DWR's
creditworthiness.  (DWR, the Dept. of Water Resources, is the state agency
that Davis made the purchaser of power when the utilities hit the financial
skids a few months ago and the market stopped selling them power.)

The problem has been simple and significant---while our brilliant Governor
and Legislature gave DWR the authority to buy power on behalf of the
cash-strapped utilities, they neglected to t spell out how DWR would recover
its costs of buying the power.

Based on comments from us and other suppliers regarding the creditworthiness
issue, the California PUC issued an order last week establishing that 1) the
PUC would indeed pass DWR's power costs through to ratepayers and 2) the PUC
would NOT second-guess (i.e., impose "reasonabless" standards) on any
contracts signed by DWR as a condition of passing the costs through to
ratepayers.

With the CPUC decision (and other language that ENA's negotiated into the DWR
contract), ENA is close to being comfortable signing the 5-year deal, even in
the face of the FERC order.  That's predominantly due to the fact that the
power price in the 5-year deal would come in well under the $150/MWH
threshold that FERC has set up for any sort of "refund review."  But other
things could crop up between now and the exercise date that could muck things
up. I'll keep you posted on developments  as they transpire.

The big problem (as Steve notes) is that the State is on the verge of (some
say hell bent on) taking over the entire electricity industry in California
in perpetuity.  Our original proposal focused on getting price volatility and
the utilities' financial position back under control.  Our contracting
proposals have always been couched in the context of a temporary, stop-gap
measure.  That is, the state would do the minimum amount needed via contracts
to stabilize prices while simultaneoulsly doing what was necessary to get
de-regulation back on track in California.  And once the situation had been
righted, the State would as soon as possible exit the industry and let the
market step back in.  Unfortunately, command-and-control, anti-deregulation
policymakers have taken hold of the agenda (with the blessing, seemingly, of
the Governor), and are moving the state toward a "takeover" response.  That's
what we're actively opposing.

If you have any questions, don't hesitate.

Best,
Jeff


Our email that was formerly manretz@email.msn.com has changed slightly as the
"email" has been dropped from the address.? The correct address is now
manretz@msn.com.
For those of you who have Beth's hotmail address, that stays the
same(bugoretz@hotmail.com).? Sorry for the confusion.


-----Original Message-----
From: 	Wright, Lee
Sent:	Thursday, October 18, 2001 4:37 PM
To:	Bodyshop
Subject:	Security Smart ID Tags-Off Property Usage

To remain consistent with Enron's directive to improve security access to the building, all Enron Body Shop members are required to check-in at the Body Shop Front Desk and present an Enron Photo ID badge or another form of Photo ID to the Security Officer each time you visit.  To assist our members who participate in outdoor activities during their visit, Security SMART ID tags are available at the Body Shop Front Desk for your convenience.  Simply slide the SMART ID tag through the shoe laces between an eyelet and snap the tag closed.

The SMART ID tags serve both as a safety identification tag while members are exercising off property as well as provide the security identification verification required when entering the Body Shop.  Each day you plan to exercise outside, present your Enron Photo ID Badge or another form of Photo ID to the Front Desk Receptionist to receive your temporary Security SMART ID.  Your Photo ID will be returned to you when you return the SMART ID tag to the Front Desk at the end of your visit.


FYI.  I have sent them a copy of the draft policy.  I think it will address
their concerns.  Michelle
---------------------- Forwarded by Michelle Cash/HOU/ECT on 05/11/2000 10:44
AM ---------------------------

Sherry Lessner@ENRON
05/11/2000 08:53 AM
To: Jane Allen/HOU/ECT@ECT
cc: Stephen D Burns/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Chris
Jones/Corp/Enron@ENRON, Tom Briggs/LON/ECT@ECT, Michelle Cash/HOU/ECT@ECT,
Sharon Butcher/Corp/Enron@ENRON
Subject: Re: EU-US "Safe Harbor" agreement

Jane, this issue continues to be 'worked' here at Enron.  In relation to a
current initiative which includes a new employee directory, we are working
with the business unit leaders (Cindy Olson, Steve Kean, Mark Palmer, Vision
and Values Task Force) and Sharon Butcher, Kelly Higgason, and Brian
Schaffer.  Michelle Cash and Sharon have been involved in several discussions
relating to our global data collection efforts through HR-GIS.  We have a
meeting scheduled next week and I will ask Sharon to include the information
below in the discussion.

In general, I understood Sharon and Kelly to indicated that research has been
done for some locations and may have to be continuously updated.  Other Enron
locations have not been researched and will have to be prioritized and
evaluated for research, i.e., it was recommended that we focus our efforts on
locations with the higher employee populations.

	From:  Jane Allen @ ECT                           05/11/2000 07:49 AM

To: Stephen D Burns/Corp/Enron@ENRON
cc: Joe Hillings/Corp/Enron@ENRON, Chris Jones@ENRON, Tom Briggs/LON/ECT@ECT,
Sherry Lessner/Corp/Enron@ENRON, Michelle Cash/HOU/ECT@ECT, Sharon
Butcher/Corp/Enron@ENRON

Subject: Re: EU-US "Safe Harbor" agreement

This has been looked at by our HR IT department for many years as we have
been transmitting data back and forth in our Compensation and HR systems.  I
am copying Sherry Lessner who at one time lead the group dealing with this
issue, as well as Sharon Butcher and Michelle Cash from our legal department.

Ladies, can you provide any additional information on what we are doing?  Do
we need additional research in this area?

Thanks,

Jane

Stephen D Burns@ENRON
05/10/2000 07:29 PM
To: Jane Allen/HOU/ECT@ECT
cc: Joe Hillings/Corp/Enron@ENRON, Chris Jones, Tom Briggs/LON/ECT@ECT
Subject: EU-US "Safe Harbor" agreement

Jane:

I participated in a lunch yesterday on Capitol Hill which discussed the
recently concluded bilateral negotiations between Europe and the US on the
issue of data privacy/safe harbor.  I admit that I don't fully understand the
issue, but in essence I'm told it's an internal EU directive passed a few
years ago (not all countries within the EU have come into compliance yet, by
the way) that has strict bearing on issues pertaining to the protection of
the privacy of transmitted data (eg, over the internet).   The EU wants to
forbid transmitting certain types of data to countries that don't "adequately
protect" the information.  As always, the EU wants to regulate the issue,
while the US prefers self-regulation.  After two years of negotations, they
agreed a few weeks ago that data transmitted from the EU to the US could be
put in "safe harbors", which are basically approved bodies that would check
the recipient's ability to protect the privacy of the information, ie, an
American company receiving privelaged data from its European affiliates or
offices.

How does this affect Enron?  A couple of other company reps said it is
especially pertinent to HR issues, such as transmitting personnel
information, salary, etc. from Europe back to the home office in the US.

Given our large presence in London and elsewhere in Europe, does this affect
us, and do you want us to track down more information?

Regards,
Steve Burns


Joe, Here's the Letter Agreement. Remember that the Letter Agreement was
drafted with February 28,2002 Purchase Date so we need a dollar figure
for the post-bankruptcy storage fees.  For now I have left it blank. Any
chance that Centana will accept the $308,000 fee due for 2/28 because
they were the ones dragging their feet on the deal?

Shemin

 <<92260_5.DOC>>


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 10:58
AM ---------------------------

"Brashear, Charlotte" <cbrashear@velaw.com> on 10/10/2000 09:45:27 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Michaelisms

   You gave me my laugh for the week!

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, October 10, 2000 9:40 AM
To: cbrashear@velaw.com
Subject: Michaelisms

---------------------- Forwarded by Kay Mann/Corp/Enron on 10/10/2000 09:39
AM ---------------------------

 (Embedded     Enron North America Corp.
 image moved
 to file:      From:  Kay Mann
 pic25693.pcx) 10/10/2000 09:38 AM

To:   cbrashear@ve.com
cc:

Subject:  Michaelisms

Michael has been peppering me with questions lately:

Do you have to be rich to run for president?
Do you have to follow in your father's footsteps when you grow up?
How would it be if I kicked the ball through the clouds and God caught it?
Can you see God?
Where is God?
Why did Dolly die (pathology, not philosophy)?  Was it fleas and worms?

And when he was  mad at Neil:  Mom, you picked the wrong husband.

I'm sure there have been more - this was just Sunday and Monday!

Kay


----- Forwarded by Jeff Dasovich/NA/Enron on 01/23/2001 11:14 AM -----

 - Protest to PG&E-cover.doc
 - Opposition-PG&E.doc
 - CERTIFICATE OF SERVICE.doc


Julie,

Thanks. It feels awesome to have so much power.

Vince

"Julie" <julie@lacimagroup.com> on 05/11/2001 05:13:48 PM
Please respond to "Julie" <julie@lacimagroup.com>
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: got a hold of Fiona Grant

I think it was the copying of your name on my latest email ;-)
?
thanks for your help
----- Original Message -----
From:  Vince.J.Kaminski@enron.com
To: Julie
Sent: Wednesday, April 11, 2001 6:37  PM
Subject: Re: got a hold of Fiona  Grant

Julie,

You have more luck than myself. I called a  few times
and left messages on her voice  mail.

Vince

"Julie" <julie@lacimagroup.com> on  05/11/2001 07:04:40 AM

Please respond to "Julie" <julie@lacimagroup.com>

To:??  "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject:?  got a hold of Fiona Grant

Vince,
Just to let you know, I  finally got in touch with Fiona  Grant.
J


I sent your message to our tech department to see if they can figure out if
there is a problem on our end. It looks like Doug emailed it to the correct
address so I can't imagine what the problem could be. Thanks for forwarding
us that.

Dinner last week was cancelled because Jeff wants to be there when we do get
together and he was busy last week. Rudy and Bobette have talked about
meeting for drinks sometime soon. Hope you can join us when we do meet.

-----Original Message-----
From: Don.Baughman@enron.com [mailto:Don.Baughman@enron.com]
Sent: Monday, January 15, 2001 10:35 AM
To: bobette.riner@ipgdirect.com
Cc: ellen.clardy@ipgdirect.com
Subject: index

Bobette

I think y'all might want to check your e-mail server.  It looks to me that
my night guys have been e-mailing our contribution to your index.

Give me a call or e-mail me with any questions.

Don Baughman
Enron Power Marketing, Inc.

PS  What happened to supper last week?

---------------------- Forwarded by Don Baughman/HOU/ECT on 01/15/2001
10:25 AM ---------------------------

Doug Miller@ENRON
01/15/2001 12:10 AM

To:   tradersnewsindexes@ipgdirect.com, Kayne Coulter/HOU/ECT@ECT, Don
      Baughman/HOU/ECT@ECT
cc:
Subject:  index

(See attached file: 1-12-01 index prices.xls)


So I don't need to do anything in order to be a part of the "cash balance
plan"? When I pull up my account information from the "Savings Plan" website,
it says my investments and balances are zero, so I assume I need to enroll in
this myself if I want to be a part of it. The plan I'm referring to allows
you to invest up to 15% of your before-tax income in either Enron Corp stock
or a variety of mutual funds. In this plan, up to 6% of your contributions
are matched by Enron, beginning one month after your hire date. I guess my
question is - What is this plan called? And if I enroll in it myself online,
will I be doubling up on something Enron has already done for me? If this is
not the retirement plan, what is?

I'm sorry to ask so many trivial questions. I just want to make sure I've
taken advantage of all the programs and not neglected opportunities because I
thought they were automatically given to me.

Thanks,
Kate

Amy FitzPatrick
01/16/2001 09:43 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Savings Plan v. 401K

Kate -

401K and the cash balance retirement plan are 2 separate plans.  You are
automatically enrolled in the cash balance plan - you would be eligible to
participate for the year 2000.  Going forward, at the end of each year, Enron
will set aside 5% of your salary into an account (Enron directs these
funds).  This account has a 5 year vesting period meaning that you must stay
with the company for 5 years to be eligible to receive these funds when you
leave.

Does this help?

Amy

   Kate Symes                01/16/2001 09:34 AM

To: Amy FitzPatrick/PDX/ECT@ECT
cc:
Subject: Savings Plan v. 401K

I'd like to enroll in the Enron Savings Plan program; however, when I was
navigating through the savings plan website, I started wondering if the
retirement plan and the self-directed brokerage account are the same thing. I
think you probably have some information regarding these plans. Could I
borrow that later this afternoon, or even better, sit down with you for a
minute to clarify which plans I am eligible to enroll in and when? Thanks in
advance for your time.

Kate


Sara:

In answer to your question, Harvard makes and expects to get the
representation from its counterparts that they are financial institutions
under FDICIA because of the additional argument  we think it offers a
non-defaulting counterparty for netting and setting off obligations. The
regulation says that a party may rely on the representation of its
counterparty in determining whether or not FDICIA applies, giving it the
rights created by FDICIA to net and set off the obligations created under
the swap contract.

Harvard makes the rep, and it seems that Enron should be able to because

we "engage in financial contracts as a counterparty on both sides of one or
more financial markets" and we believe we meet one (or both but only one is
required to make the rep) of the following financial tests

 1. had contracts with a total gross dollar value of at least
$1billion in notional principal with counterparties that are not its
affilitates and
 2.  had total gross mark-to-market positions of at least $100
million in one or more financial contracts with counterparties that are not
its affiliates.

This rep has been made for some time in all relevant trade documentation and
is therefore a matter which is well known by senior management.I hope that
this addresses your concerns in this regard. Please do not hestitate to call
if you should have further questions.

The relevant regulation is found in Title 12 of the Code of Federal
REgulations Chapter II Federal Reserve System Subchapter A Board of
Governors of the Fed... Part 231 Netting Eligibility for Financial
Institutions Regulation EE.

Thanks

Kim Noble


Group,

Please join me in a meeting Tuesday at 4:30 in Mt. Hood.  We will be discussing strategy and group direction!
Pizza will also be in attendance.

Thanks,
B


Content-Transfer-Encoding: quoted-printable
Return-Path: <karen.mcnulty@usbank.com>
Received: from  rly-za02.mx.aol.com (rly-za02.mail.aol.com [172.31.36.98]) by
air-za04.mail.aol.com (v76_r1.19) with ESMTP; Fri, 03 Nov 2000 12:34:31 -0500
Received: from  mx02.usbank.com ([156.36.240.14]) by rly-za02.mx.aol.com
(v76_r1.19) with ESMTP; Fri, 03 Nov 2000 12:34:01 -0400
Received: from 10.207.4.79 by mx02.usbank.com with SMTP (WorldSecure Server
SMTP Relay(WSS) v4.5); Fri, 03 Nov 2000 09:34:28 -0800
X-Server-Uuid: 1e505468-1c7e-11d4-a4f6-0050da14be60
Received: from 10.88.32.240 by ntorccmx01.or.usbc.com with ESMTP (
WorldSecure Server SMTP Relay(WSS) v4.5); Fri, 03 Nov 2000 09:35:25 -0800
X-Server-Uuid: 9fbd4b68-d59c-11d3-ab85-0004ac4c2802
Subject: Rose bowl joke
To: christian.c.casebeer@tek.com,        "Sheila Butcher"
<sbutcher@north-pacific.com>, david_christian@ml.com,
andycox815@hotmail.com, erikdietz@yahoo.com, rgenor@hotmail.com,
"Goodwin, Barbara" <barbaragoo@co.clackamas.or.us>,
Manish_Gooneratne@risknetworldwide.com, patrick_hallinan@keybank.com,
"David Hutcheon" <DHutcheon@webtrends.com>, kauz@terragon.com,
charlesk@rosefestival.org, LillahMay@aol.com,
mcnultyleepatty@sprintmail.com, Crazyamiller@aol.com,
Matthew.Neff@phs.com, DPIERCE@TAXANALYSIS.COM, lrodrigu@pcc.edu,
jason.rosario@codesic.com, karina.skou@wanadoo.dk,
todd_tyler@cascadehq.com, joe@dynic.com, woods@pacifier.com,
kwoodall@standard.com
X-Mailer: Lotus Notes Release 5.0.3  March 21, 2000
Message-ID: <OF3C56656B.F719BD7D-ON8825698C.005F3043@or.usbc.com>
From: karen.mcnulty@usbank.com
Date: Fri, 3 Nov 2000 09:21:08 -0800
X-MIMETrack: Serialize by Router on NTZTWREM04/OR/Servers/USB(Release 5.0.5
|September 22, 2000) at 11/03/2000 09:21:10 AM
MIME-Version: 1.0
X-WSS-ID: 161C28D7230456-01-01
X-WSS-ID: 161C28AE48852-01-01
Content-Type: text/plain;  charset=iso-8859-1

Thought you would enjoy this one...
Two guys from  Oregon State University die and wake up in hell.
The next day the devil  stops in to check on them and sees them dressed
in parkas, mittens and  bomber hats warming themselves around the fire.
The devil asks them, "What  are you doing? Isn't it hot enough for you?"
The two guys reply, "Well, you  know, we're from Oregon, the land of
rain and ice and cold. We're just happy  for a chance to warm up a little
bit.? "The devil decides that these  two aren't miserable enough and turns
up
the heat.? The next morning he  stops in again and there they are, still
dressed in parkas, hats and  mittens. The devil asks them again, "It's
awfully hot
down here. Can't you  guys feel that?"
Again the two guys reply, "Well, like we told you  yesterday, we're from
Oregon, the land of rain and ice and cold. We're just  happy for a
chance to warm up a little bit, you know."
This gets the  devil a little steamed up and he decides to fix the two
guys. He cranks the  heat up as high as it will go. The people are
wailing and screaming  everywhere. He stops by the room with the two
guys from Oregon State and  finds them in light jackets and hats,
grilling sausage and drinking beer.
The devil is astonished, "Everyone down here is in abject misery, and
you two seem to be enjoying yourself."
The two from Oregon State reply,  "Well, ya know, we don't get too much
warm weather up there in Oregon. We've  just got to have a cook-out
when the weather's this nice."
The devil is  absolutely furious; he can hardly see straight. Finally he
comes up with the  answer. The two guys love the heat because they have
been cold all their  lives. The devil decides to turn all the heat off in
hell.
The next morning,  the temperature is below zero, icicles are hanging
everywhere, people are  shivering so bad that they are unable to wail,
moan and gnash their teeth.
The devil smiles and heads for the room with the two from Oregon State.
He finds them back in their parkas, bomber hats, and mittens. They are
jumping up and down, cheering, yelling and screaming like mad men.
The  devil is dumbfounded, "I don't understand. When I turn up the heat,
you're  happy. Now it's freezing cold and you're still happy. What is
wrong with you  two?
The men look at the devil in surprise, "Well, if hell froze over, that
must
mean the Beavers are going to the Rose Bowl!"

Go Beavs!


Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Craig,
 Attached please find a revised draft of the Ormet Contract.  I have
incorporated the language from the Credit Worksheet prepared by Jason
Williams.  That language is included in Sections 4.2 and 4.3 of the Contract
and in the definitions for Material Adverse Change, Guarantor, Funded Debt,
Current Ratio, and Net Worth.
 Regarding Amy Baird's memo, I have made the requested changes in Article 3
of the Contract regarding changing "Schedule" and "Scheduled" to "deliver"
and "delivered" and "receive" and "received".  I did not add the language
requested in (iii) because that language is already included in the
definition of "Replacement Price Differential".  I included the language she
requested under (iv) as (iii) in Section 3.2  I omitted the last sentence
relating to consequential damages of $1,000,000 per occurrence as we
discussed and left in the language in Section 8.3 which limits the
consequential damages to a maximum of $1,000,000 during the term of the
Agreement.  Likewise, I did not delete the language from Section 8.3
providing that the gas is being supplied solely on the express
representations and warranties provided in the Agreement and that all other
warranties are being waived.  I did delete the language relating to Texas law
and sentence starting with "Therefore, the Parties agree that (i) three"
because we had agreed to delete the language from Section 4.1 which set forth
the method of determining a party's liquidated damages.
I added a sentence at the end of Section 8.5 relating to trial before the
court with waiver of right to jury trial.  I deleted the language relating to
arbitration in Appendix 1.
As we discussed, I did not make the change to force majeure.  We need to
discuss this.  Our obligation should be limited to having firm transportation
on one of the pipelines with interruptible transportation on the other.  If
the firm transportation is interrupted because of force majeure, our
obligation should be limited to using commercially reasonable efforts to
cause the volumes to be delivered via the other pipeline if there was
available capacity on such other pipeline.
 Please review the contract and if you agree that it represents your
understanding, you may forward it to the folks at Ormet.  I will be out of
the office on Monday, but will be available by phone.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/07/2000
12:29 PM ---------------------------

John Peyton
01/04/2000 11:12 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Chris Hilgert/HOU/ECT@ect, Randal T Maffett/HOU/ECT@ECT, W Tom
Byargeon/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT
Subject: Amerada Hess Day Rate Hedge numbers

Attached are the historical numbers for the Semi-submersibles 4th and 5th
generation day rates.  Their price is 155,000/day for the next 4 years.  I
would think that a floor of $100,000 would be the place to start Jan 1, 2001
through Dec 31, 2004.  We need to know the Call strike that would make it
costless.

I plan on making some examples discussion purposes to discuss with them on
Friday of this week.  I will update you ASAP on the balance of day rate
prices.  Let me know what else you will need to prepare the statistical
analysis.   The numbers include highs and lows; let me know your ideas on how
to address this in the quote.

Thanks,

John
30395


All: Actually I am in DC 9/11-9/12.

Lysa, in the future can you try to fill Joseph in with my schedule when he requests them?

Thanks,

Alan C.

-----Original Message-----
From: Alamo, Joseph
Sent: Mon 9/10/2001 5:43 PM
To: Kaufman, Paul; Mara, Susan; Dasovich, Jeff; Petrochko, Mona L.; Comnes, Alan
Cc: Tracy, Lysa; Dernehl, Ginger; Perez, Carmen
Subject: Weekly WGA Skeds for the Week of 9/10 - 9/14/01

WESTERN GOVERNMENT AFFAIRS

WEEKLY SCHEDULES

For the Week of September 10 - 14, 2001

Paul Kaufman

Mon     9/10    SALT LAKE CITY UT
Tue     9/11    PORTLAND OR Office
Wed     9/12    PORTLAND OR Office
Thu     9/13    PORTLAND OR Office
Fri             9/14    PORTLAND OR Office

Sue Mara

Mon     9/10    SAN FRANCISCO CA Office; late p.m.:  Travel to SACRAMENTO for Latino Caucus dinner
Tue     9/11    SACRAMENTO CA, a.m. (possibly); -or- SAN FRANCISCO CA Office (TBD)
Wed     9/12    SAN FRANCISCO CA Office
Thu     9/13    SAN FRANCISCO CA Office
Fri             9/14    SAN FRANCISCO CA Office

Jeff Dasovich

Mon     9/10    SACRAMENTO CA
Tue     9/11    SACRAMENTO CA
Wed     9/12    SACRAMENTO CA
Thu     9/13    SACRAMENTO CA
Fri             9/14    SACRAMENTO CA

Mona Petrochko

Mon     9/10    SAN FRANCISCO CA Office; late p.m.:  Travel to HOUSTON TX
Tue     9/11    HOUSTON TX; late p.m.:  Travel to WASHINGTON DC
Wed     9/12    WASHINGTON DC
Thu     9/13    WASHINGTON DC; early p.m.:  Travel back to SAN FRANCISCO CA
Fri             9/14    SAN FRANCISCO CA Office

Alan Comnes

Mon     9/10    PORTLAND OR Office
Tue     9/11    PORTLAND OR Office
Wed     9/12    PORTLAND OR Office
Thu     9/13    PORTLAND OR Office
Fri             9/14    PORTLAND OR Office

Joseph Alamo
Sr. Administrative Assistant
Global Government Affairs
ph. (415) 782-7841
fax (415) 782-7854
e-mail: joseph.alamo@enron.com


To:   ENW Administrative Assistants, ENW Department Heads
  From:  Sally Beck, Managing Director of ENW-Energy Operations

   To be determined once 1st memo is distributed, we sent out a communication
informing all ENW employees of the transfer from your old Enron company to
Enron Net Works.

   Today,s communication does include:
? New ENW Company Code
? New ENW Cost Centers listed by Department Head
? New ENW Organization Units
? Listing of HR Representatives and Financial Contact

Implications for Business Unit Administrative Assistants

? If you are coding anything (including timekeeping, invoicing and expense
reports) to a cost center, NOT a WBS Element, code to the new company code
and cost center.
? If you are coding to a WBS Element, NOT a cost center, continue coding to
the existing company code and WBS Element number, regardless of the change in
cost centers.  ***WBS Element numbers may be revised at some point in the
future.  If they do change, the new numbers will be communicated at that
time.***
? If an employee or non-employee entered their time for the period starting
March 16th to the March 23st, that employee or non-employee must go back into
SAP and re-enter their time.  Labor Distribution will be adversely affected
if the employee or non-employee does not go back in and re-submit their time
for this period.

Payroll Implications
? Effective with the April 1st re-org, expense and payroll charges will be
directed to new cost centers.


IVOLUNTEERI
Join The Party!  Enron is hosting a Fiesta party at the Ripley House for
underprivileged children.  We need volunteers to have fun and help entertain
the children, lunch is included.  The event is this Thursday, July 13 from 9
a.m. - 12:30 p.m.  Any time that you have available will be appreciated.  To
sign up, call Rachel Feldt at 713.345.7629.

IHAPPENINGSI
Bowl For The Cure!  Join Enron and the Muscular Dystrophy Association for
their annual Beach Bowl Fund-raiser, 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.

Join Enron Federal Credit Union and the Foundation for Financial Literacy for
the 2nd session of the Financial Wellness Workshop Series on July 13. Topic:
Use It But Don't Abuse It: Credit.  Please reserve your seat as soon as
possible via e-mail to Amanda.Quiller@enron.com.  For a complete listing of
workshops, visit http://home.enron.com/efcu.

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.

Knead a massage?  Try Massage, Body & Soul at the Body Shop.  20% off your
FIRST half hour or one hour massage.  To schedule an appointment call
713.853.3047.

IWORKPERKSI
Don't delay!  Get your PerkCard today!  The PerkCard offers discounts at a
variety of merchants around Houston.  Cost is $20 and all proceeds go back
into 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
August 8 - Enron Night at the Astros game.  For more information, click here
http://home.enron.com/cr.


Jeff,

Sorry I was unable to make the call yesterday.  Thanks for the summary.  My
comments and questions are indicated below.

Please fax a copy of Plan B to be at 713 767 6677.

You suggest starting the "process" in Sacramento next week.  I'm not
sure exactly what this means.  Are we saying we will have a proposal
or that we will be advocating a process/forum to get all the right
parties at the table?
Did we set a time for the next call on Friday?
With regard to the Issues list, here are a few extra items:
need to make clear that real price signals should be sent to all
sectors (not just those that wouldn't vote for Davis anyway) as
soon as possible
I cannot imagine a situation in which the IOUs are returned to
financial stability within 3-6 months; my guess is that it will
be at least a year
if IOUs are returned to the procurement role, we need to make
sure that they have the appropriate risk management tools
(ability to enter forward contracts, options, etc.)
if IOUs are returned to the procurement role, we also need to
have assurances that the situation we have today won't happen
again;  for example, if the state assigns the CDWR contracts to
the IOUs and three years from now the market price is less than
the contract price, what assurances does anyone have that the PUC
will not try to make the IOUs absorb the difference
If we want to go to a core/non-core approach, why do we need to
wait 18-24 months;  it seems to me that we could start that
process now
As for legal claims and investigations, we need to make clear
that we want to resolve all state and federal claims;  the civil
claims present a different set of challenges for resolution
as for discounts on receivables, I'm not ready to commit one way
or another; however, if there are discounts they must apply to
all market participants - not just the ones that Davis can get to
the table.

Lynn

Jeff.Dasovich@enron.com on 05/14/2001 08:47:31 PM

To:   sryan@aesc.com, hoffman@blackstone.com, bbailey@duke-energy.com,
Lynn.A.Lednicky@Dynegy.com, john.harrison@elpaso.com,
rachael.king@elpaso.com, clark.smith@elpaso.com, skean@enron.com,
tom.allen@mirant.com, sonnet.edmonds@mirant.com,
randy.harrison@mirant.com, alex.goldberg@williams.com
cc:   Maureen.McVicker@enron.com

Subject:  Summary of Today's Call/Agenda for Tomorrow's Call

Greetings:
n order to keep everyone in the loop, the folks on today's call wanted to
send out a brief summary of the call for the benefit of those who couldn't
make it.  Apologies for any omissions, inaccuracies, etc.  Others who were
on the call please chime in if I've gotten anything wrong, or missed
anything.

Best,
Jeff

SUMMARY
Enron, Duke, El Paso and Williams were on the call, as was Michael
Hoffman of the Blackstone Group (the Governor's financial advisors).
On the subject of how the group would organize itself, it was agreed
that the calls would be open to anyone who wanted to participate.
A smaller group consisting of Duke, El Paso, Enron, and Williams would
take the lead on walking the halls of Sacramento, meeting with policy
makers, and advocating whatever plan the group develops.
Folks agreed that achieving a comprehesive solution requires a tangible
process; that is, the principals need to get in a room, face to face,
for however long it takes to work out a resolution.
It was agreed that the process should start no later than the beginning
of next week, and that it should take place in Sacramento.
It was decided that the Legislature and the Attorney General needed to
be brought into the process as soon as possible, i.e., next week.
There was some discussion regarding the release today of "Plan B."  Plan
B is a plan proposed by Democratic and Republican legislators as an
alternative to the MOU that the Governor struck with Edison.  After that
call I received a copy of "Plan B."  If you'd like a copy please send me
your fax number.
Folks on the call agreed to have the next "supplier-only" call-in
meeting on Friday.
Finally, Michael Hoffman said that they are hoping to have a "ratings
agency level" presentation prepared by the end of the week.  The goal of
the presentation is to reassure capital markets that the bonds the state
seeks to issue are solidly backed by retail rates.

The Agenda for Tomorrow's Call with the Governor's Staff
Item #1:       The Credit Issue
Michael Hoffman said that the Governor's office wants to start
tomorrow's meeting discussing the creditworthiness issue.
Hoffman said that the Governor's folks are hoping to have completed by
the start of tomorrow's meeting a draft of an agreement between the
California PUC and CDWR.  The agreement is designed to ensure that DWR
gets paid for power services delivered.
If the draft is ready, they'd like to discuss on the call tomorrow.

Item #2:       Identify the Components of a Comprehensive Solution.
It was agreed that our group should put on the table at tomorrow's
meeting the universe of issues that need to be included in a
comprehensive solution.
Enron was asked to take a first stab at what those components are.  The
following is a brief outline, which is not intended to be definitive,
but a starting point for discussion.
Utility creditworthiness
retail rates must reflect costs
Increase supply
streamline and otherwise reform the siting process
Decrease demand
establish real-time pricing
implement demand buy-down and other conservation programs
Create a real market
Remove the State from the power-buying business as soon as possible
(e.g., once new rates are in place and utilities are returned to
creditworthiness; approximately 3-6 months)
Return the procurement role to the utilities
Reinstate Direct Access immediately for all customers
Within 18-24 months, create a "core/noncore" market structure for
electricity, similar to California's market structure for natural
gas
Keep the industry in the hands of the private sector
Reject proposals calling on the State to take over transmission,
generation, etc.
Resolve outstanding legal claims, investigations, etc.
Resolution requires certainty and prompt payment (understanding
that discounts on receivables is on the table for discussion)


Pursuant to the June 15th Ruling of ALJ DeUlloa, the UDCs filed testimony on
the revenue requirements for their retained generation and associated
ratemaking mechanisms. Attached is a brief summary of each of the UDCs'
proposals.  Rebuttal testimony is due next Monday the 2nd. A prehearing
conference is scheduled for the 5th, with the hearing to begin on the 9th.

In a related matter, both SCE and PG&E filed motions to include as part of
the scope of the proceeding, the issue of the implementation and allocation
of DWR's revenue requirement.  Specifically the UDCs believe the Commission
needs to (1) ensure that DWR's revenue requirement recovery does not
jeopardize recovery of the Commission determined URG revenue requirement (2)
the allocation of the revenue requirement among the investor owned
utilities; and (3) the allocation of the revenue requirement amount the
customers of each utility once the inter-utility allocation is completed.

The ALJ has not yet ruled on whether these issues will become part of the
proceeding.

Please review the attached summary.  We need to determine as soon as
possible if we plan to participate in this proceeding.

Jeanne

 <<X25702.DOC>>

 - X25702.DOC


----- Forwarded by Steven J Kean/NA/Enron on 10/16/2000 09:27 PM -----

	Hiroko Ono
	10/16/2000 05:18 AM

		 To: Steven J Kean/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Gary
Hickerson/HOU/ECT@ECT, Ken Rice/Enron Communications@Enron Communications,
Anthony Duenner/Enron Communications@Enron Communications,
mike.mcconnell@enron.com, jeff.shankman@enron.com, mark.frevert@enron.com,
Paul Chivers/LON/ECT@ECT, Mark Schroeder/LON/ECT@ECT, Jackie
Gentle/LON/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT,
Tom McKeever/EU/Enron@Enron, Fiona Grant/LON/ECT@ECT, Jim
Thompson/OTS/Enron@ENRON, Brian Stanley/EU/Enron@ENRON
		 cc: Maureen McVicker/NA/Enron@Enron, Cindy Derecskey/Corp/Enron@Enron,
Stella L Ely/HOU/ECT@ECT, Kelly Kimberly/Enron Communications@Enron
Communications, cathy.phillips@enron.com, Beverley Ashcroft/LON/ECT@ECT,
Tracy Ralston/EU/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Anita
Lynch/EU/Enron@Enron
		 Subject: Enron Japan Office Opening Party

Thank you for indicating your intention to attend the office opening.

Attached please find guest information checklist.

It would be grateful if you could arrange to complete and return the
checklist by e-mail at your earliest convenience.

Best regards,

Hiroko Ono
Assistant to Joe Hirl


A pair of eye glasses were found on a desk outside Karen Jones' office.  If
they are yours, come see me.  Thanks.  Teri Whitcomb - X7794.


Please set up the following contract

Shipper  Columbia Energy Services
Agent  ENA
Pipe  Transco
Firmness IT
Service Type Transortation
Rate Sched IT

Term  1/1/2000 - 1/31/2000 then evergreen.


I would like to have a meeting today at 4pm to review the work that West Power URM has been working on to compare the economic impact of the 4 alternatives.

It would also be good to get any other feedback from the meetings with SCE and other relevant activities.

I will ask my assistant Linda Noske to get a call in number and a room on 47.

Please let Linda Noske know if you will attend.

Jim


Following this morning's meeting, we have agreed to have a fifteen minute conference call on a Thursday morning to give a quick update of issues.  Chris Calger will ensure a list of progress is circulated prior to the two calls.

For those of you cc:d on this.  Please feel free to join any of the calls to catch up on progress we are making with getting contracts in place.

Liz Taylor will redistribute the conference call numbers for Tuesday and Thursday.

Thanks

Louise


For your reading pleasure.
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001 06:19
PM ---------------------------

Kay Mann
03/30/2001 06:14 PM
To: rvincens@deltapower.com, gregorylang@paulhastings.com,
ccampbell@kslaw.com, jkeffer@kslaw.com
cc: Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT

Subject: Turbine contract

I have taken what I believe this is the most recent form of the GE turbine
contract, changed to reflect the difference in purchaser, and filled in some
of the blanks.  I have compared it against the Delta redline that Rick sent
me this afternoon, after having accepted Delta's proposed changes for the
purpose of running the comparison.   The notes included are placeholders
since I wasn't clear if these items will change with the equipment swap.

GE is also reviewing Salmon Energy Agreeement version 2.

redline

Thanks,

Kay


FWD: FWD: FWD: FWD: r at airport cant wait to get home talking to an old man sitting next to us is going to S A graduated from brackenridge in 194o his wife went to alamo heights small world


Steve,

I wanted to give you the latest figures on Enron expatriates in India.  There
are currently 19 Enron expatriate employees based in India, accompanied by
six dependants.  In addition, Enron has responsibility for 15 expatriate
contractors working for DPC and Lingtec, primarily at Dabhol.  The total of
40 expatriates for whom Enron is directly responsible is broken down by
location as follows:  21 in Mumbai, 16 at Dabhol, and three in Baroda.  By
company, they are broken down as follows:  Enron India -  eight plus three
dependants; EOGIL - nine plus one dependant; EBS - one plus two dependants;
DPC - seven; and Lingtec - nine.  These figures are likely to continue to
trend downward; Jane Wilson's departure on Friday, for example, will reduce
the Enron India expatriate presence to seven plus three dependants.

We are confident that the evacuation plan now in place provides the best
possible prospect of successfully evacuating all of these expatriates in the
event of danger.  As a contingency, the plan also includes the evacuation of
all 137 expatriates working at the Dabhol site, although a large-scale
evacuation from Dabhol is more problematic, especially now that the monsoon
season has started.  A coordinated plan was needed since the limited number
of available helicopters meant that the evacuation plans drawn up by
individual contractors such as Bechtel were all drawing upon the same
resources.

As you know, Enron's security situation in India remains stable.  We are in
the final stages of implementing security upgrades for our employees and
offices there.

Dave


Start Date: 12/23/01; HourAhead hour: 18;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122318.txt


Please be advised, as discussed in the morning meeting this morning, that
Tetco Enerfin's new meter 98-0439 will not be operable until October 2,
2000.  This meter is assisgned to me.

Thanks
-Jackie-
3-9497
---------------------- Forwarded by Jackie Young/HOU/ECT on 09/28/2000 09:05
AM ---------------------------

	Enron North America Corp.

	From:  Pat Clynes @ ENRON                           09/12/2000 08:52 AM

To: Aimee Lannou/HOU/ECT@ECT, Carlos J Rodriguez/HOU/ECT@ECT, Jackie
Young/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT, Tom Acton/Corp/Enron@ENRON,
Sabrae Zajac/HOU/ECT@ECT, Mark McCoy/Corp/Enron@Enron, Clem
Cernosek/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, Eddie Janzen/NA/Enron@Enron,
Mary Poorman/NA/Enron@Enron, Susan Hadix/NA/Enron@Enron
cc: Gary A Hanks/HOU/ECT@ECT, Earl Tisdale/HOU/ECT@ECT, James
McKay/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT,
Edward D Gottlob/HOU/ECT@ECT, Liz Bellamy/NA/Enron@Enron
Subject: New Meter number

Tetco Enerfin is going to be assigned meter #0439.  Activity will be
scheduled under this meter for October 1st.
Jackie Young is assigned this meter.   Thanks, Pat


Sandi,

The exisiting contracts on Lone Star are sufficient to cover deliveries to
the plant (95,000 Mmbtu maximum daily quantity).  In the event that we have
to transport excess gas to alternate locations, we will be using an ENA
transport agreement and charging the expense back to Tenaska IV.

D

From: Sandi M Braband on 10/11/2000 11:16 AM
To: Daren J Farmer/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron
cc:
Subject: Gas Management Agreement

Daren,
Will there ever be a need to utilize transport to get supply to the plant
other than through the 2 Lone Star agreements? If so, would we be using
Tenaska transport agreements or ENA?


Jon,

Grateful if you could complete the picture for me and for Mark Taylor.    Is
MG London Inc. the entity that is the Clearing Member of NYMEX + a Futures
Commission Merchant and Commodity Trading Advisor?   Do any other (MG)
entities have similar registrations, and if so, what are these?

Thanks

Justin

---------------------- Forwarded by Justin Boyd/LON/ECT on 31/07/2000 20:47
---------------------------
From: Mark Taylor on 28/07/2000 16:44 CDT
To: Justin Boyd/LON/ECT@ECT
cc:

Subject: MG

Justin:

Do you know whether we have acquired any companies with CFTC registrations of
any kind (e.g. Commodity Trading Advisor or Futures Commission Merchant)?  I
was wondering who was responsible for compliance matters if we have.

I hope you're well and all my best to Fran.

Mark


Jeff,

We shall forward to you shortly a copy of the message from Sandeep with the
numbers you have
requested.  What follows below are the extracts from two recent articles on
the power situation in India
published by The Financial Times.

The first article describes recent power outage in northern India affecting
millions of people.
One possible line of defense is pointing out to the value of  output lost due
to  power
shortages. It is obvious that the value of lost production exceeds the cost
of power produced
by the Dhabol plant (expensive as it may be). The power cut affected 230
million people.

The second article is Enron specific.

Vince

                     ASIA-PACIFIC: Power failure hits north India
                     Financial Times; Jan 3, 2001
                     By ANGUS DONALD

                     Tens of millions of people were left without electricity
in northern India
                     yesterday after a power grid breakdown.

                     Electricity was gradually switched on in some areas and
most parts of the
                     capital New Delhi, with 60 to 70 per cent of supply
expected to be restored
                     by the end of the day, according to power grid
officials.

                     The Associated Chambers of Commerce and Industry
(Assocham), a
                     leading business organisation, expressed "deep concern"
and called for a
                     mechanism to prevent future disruption that could
"cripple the economy".

                     The power failure across eight Indian states, including
New Delhi, disrupted
                     train services, water supplies and the telephone network
and forced
                     hospitals to switch to emergency generators.

                     The fault occurred on the Northern Grid, which provides
electricity for 226m
                     people, and affected the states of Delhi, Haryana,
Punjab, Uttar Pradesh,
                     Himachal Pradesh, Madhya Pradesh, Rajasthan and Jammu
and Kashmir.

                     A breakdown at a sub-station in Kanpur in Uttar Pradesh,
India's most
                     populous state, caused an overload of power on other
lines, which then
                     failed as well.

                     Trains stopped running for most of the day and signals
systems were
                     damaged. New Delhi international airport was also
slightly affected before
                     its own power supply could be engaged.

                     "We will probe into the reasons for the failure. It is
most likely to be a
                     technical failure, but we will investigate why it
happened," Suresh Prabhu,
                     the power minister, was quoted as saying by Press Trust
of India.

                     India suffers regularly from power problems because of
lack of funding to
                     upgrade infrastructure. Theft of supplies is also a big
problem. Thirty per
                     cent of the country's electricity is stolen, according
to analysts. In New
                     Delhi as much as 50 per cent is stolen.

                     Two years ago, a power failure blacked out Uttar Pradesh
and Delhi for
                     hours.

                     Assocham issued a statement, saying that increasing
industrial demand
                     would exacerbate the problems already faced by India's
inefficient power
                     sector. "The slow progress, particularly in
strengthening the transmission
                     and distribution system, and ever increasing theft will
contribute to
                     worsening the power supply situation further."

                     Copyright: The Financial Times Limited

  , Copyright The Financial Times Limited 2000. "FT" and "Financial Times"
are trademarks of The Financial Times. Privacy Policy | Terms & Conditions.

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

                     ASIA-PACIFIC: Energy group launches image offensive:
Enron has a
                     plan to reverse its reputation as a profiteering
multinational
                     operating in India, writes Khozem Merchant

                     Financial Times; Jan 3, 2001
                     By KHOZEM MERCHANT

                     Enron, the US energy producer and a constant target of
criticism in India, is
                     hitting back with a campaign to reverse its image as a
profiteering
                     multinational.

                     Its "myth and reality" offensive in local newspapers
follows the west Indian
                     state of Maharashtra's decision to review the tariff it
pays the Texas-based
                     company, whose Dollars 2.2bn electricity generating
plant at Dabhol is
                     India's biggest single foreign investment.

                     Maharashtra's tariff has more than doubled since 1993
and is three times
                     greater than that charged by other independent power
producers (IPPs).
                     The tariff has risen because of the depreciation of the
rupee against the
                     dollar and the high but now falling price of naphtha
fuel. The state also pays
                     a fixed capacity charge of Rs970m (Dollars 21m) a month,
reflecting the
                     huge project cost and, controversially, irrespective of
consumption.

                     A showdown looks inevitable, reminiscent of a clash six
years ago that
                     damaged India's appeal to foreign investors. A former
official of the World
                     Bank, which has criticised the deal, says Enron is
emerging "as the East
                     India Company of the 21st century" - a reference to the
British trader that
                     colonised key areas of the Indian economy in the 19th
century.

                     The stand-off is the latest blot on India's power
sector. The UK's PowerGen
                     and Cogentrix of the US have quit India recently,
frustrated by long approval
                     procedures, inadequate payments mechanisms or because of
higher
                     returns elsewhere.

                     "India has lost time and opportunity and has driven
returns down by six
                     percentage points," says Gerry Grove-White, former India
general manager
                     of PowerGen, which has sold its 655MW plant in Gujarat
to China Light &
                     Power of Hong Kong.

                     India's national plan for the five years to 2002 says
generating capacity
                     must rise by 40,000MW to about 120,000MW. But since
1992, IPPs have
                     added only 3,000MW and 2,500MW remains under
construction. This is
                     insufficient to support official projections of 6 to 8
per cent economic
                     growth.

                     Enron was a bellwether of India's liberalisation,
winning fast-track project
                     approval in the early 1990s. Phase 1, a 740MW plant
fuelled by expensive
                     naphtha came on stream in May 1999, and phase 2, a
Dollars 1.87bn plant
                     of 1,624MW capacity that will run on cheaper liquefied
natural gas (LNG),
                     will be completed this year. Only two of seven other
fast-track proposals
                     have achieved financial closure.

                     From the outset Enron encountered attacks, culminating
in Maharashtra's
                     then nationalist government cancelling the project
before renegotiating
                     terms no less onerous. Vilasrao Deshmukh, chief minister
of the successor
                     government, says the power purchase agreement is
unaffordable.

                     Enron, whose attackers also include cultural
chauvinists, wants to maintain
                     good political relations in a hostile but lucrative
environment. Enron views
                     India as a testing ground for its evolution from a
traditional manager of
                     power plants to a broad-based trader of commodities,
such as energy, gas
                     and bandwidth.

                     To support these ambitions Enron hopes to trade energy
between power
                     surplus and deficit states, once legislation is passed
this year. It is building
                     an LNG terminal and pipelines to trade imported natural
gas. And it is
                     laying a 15,000km fibre-optic network to trade bandwidth
space in a country
                     desperately short of this new economy commodity.

                     In any event, Enron believes it has a watertight
contract. It is supported by
                     many that believe any subversion of the contract would
confirm investor
                     perception of Maharashtra, India's financial and
industrial hub, as an
                     unreliable destination for investment.

                     Mr Deshmukh - who has avoided the language of his
predecessor, which
                     threatened to "dump Dabhol into the Arabian Sea" - is
under pressure from
                     radical members of his wobbly coalition. But his options
are limited.
                     Scrapping the project would be ruinous for an
economically troubled state
                     that would have to compensate shareholders.

                     Maharashtra State Electricity Board, the local utility
and Enron's main
                     client, is obliged to dispatch or "off-take" 90 per cent
of Dabhol's output. Yet
                     MSEB has never honoured these guarantees. Its off-take
has averaged 60
                     per cent since the plant opened and, in effect, MSEB has
been paying a lot
                     more while consuming a lot less power.

                     One reason off-take is low is because the state's tough
new regulator has
                     told MSEB to buy from cheaper sources. Enron says the
tariff would be
                     Rs4.02/kWh if MSEB's off-take averaged 90 per cent. But
with off-take a
                     third lower, the average tariff is Rs4.94 per unit, and
often higher. In
                     October, the tariff was Rs6.91 per unit, when off-take
was about 49 per
                     cent. Enron says tariffs should come down when phase 2,
run on cheaper
                     LNG, starts.

                     These cost pressures have forced MSEB to take up only
half of a 30 per
                     cent equity option in phase 2. Enron has acquired the
balance and
                     mandated bankers to find a buyer.

                     Enron's difficulties have undermined the appeal of IPPs,
which have failed to
                     deliver the flood of investments. Potential IPPs feared
they would never be
                     paid by state generating boards that have become a
byword for corrupt
                     management of power.

                     Reform of state electricity boards, whose uneconomic
pricing means
                     industrial users subsidise poor farmers, as well as
transmission and
                     distribution (T&D) services to check huge theft and
technical losses, is
                     overdue. "Given the limited resources, money would be
better spent on T&D
                     rather than on new plant," says Oliver Blackaby,
managing director of N M
                     Rothschild in India, which is advising Karnataka on the
privatisation of its
                     distribution network.

                     For the moment, attention is fixed on Enron's ability to
satisfy the
                     competing interests of investors and clients. As Sanjay
Bhatnagar, chief
                     executive officer of Enron India, said in a recent trade
magazine, one of the
                     key lessons learned from phase 2 is "having flexibility
to deal with
                     externalities".

                     Copyright: The Financial Times Limited

  , Copyright The Financial Times Limited 2000. "FT" and "Financial Times"
are trademarks of The Financial Times. Privacy Policy | Terms & Conditions.


Frank Sayre will be out of the office on vacation on Friday, May 11.  He will
return to the office mid-day on Monday, May 14.

Thank you,

Holly Keiser
Enron Americas
Legal Department - EB 3887
713-345-7893 (ph)
713-646-3490 (fx)
Holly.Keiser@enron.com


Mark,

Please route Contract no. 96006024 to Gerald Nemec for his review.

Gerald,

I will be routing to you an amendment to the above mentioned contract.

Thank you.

Marlene


Theresa,

Attached is the ENA/Citizens Colorado Gas Division invoice reconciliation.
It incorporates the changes as we discussed this morning.

Thank you for your timely attention in this matter.

Best regards,

John
For Citizens

John A. Cogan

The Johnco Group, LLC
3629 Lake Kristin Drive
Gretna, LA 70056
(504) 392-7557   Home/Office
(504) 491-2874   Cell
(208) 730-4713   Fax


MIT/Sloan Team:

I am pleased to announce that the two candidates below were extended offers
for Enron's Summer Associate Program:

   Hakeem Sanusi  617-576-7570 hsanusi@mit.edu Offer Pending
   Jozef Lieskovsky 617-905-5633 jlieskov@mit.edu Offer Pending

As we discussed, there were a number of excellent candidates that we met
while interviewing for Summer Associates.  In an effort to strengthen our
name on campus and to cultivate relationships with these individuals, we want
to make a concerted effort to keep up with  them for our Fall recruiting
effort.  I have attached a template for us to use and refer to for both the
offers and the cultivations.   This serves as a two-fold communication tool:
a tool for the team members to use in contacting the candidates and a tool
for me to use when tracking any issues or concerns the candidates may have.
Please feel free to add to it and e-mail it back to me or give me a call
(EXT. 37632) and I will update it.

I will also be using this to report back to A&A management.

Below are the names of the candidates that made it to the second round.  We
want to call on all of them.

Blaise Nietcho  617-225-2598   blaise@mit.edu
Rocco Paduano  617-742-2085   rpaduano@mit.edu
Samuel Vainstein 617-266-7257   samuva@mit.edu
Diego Silva Robert 617-441-6999   dsilva@mit.edu

Should you have any questions, please feel free to give me a call.

Thanks,

Karen Marshall
Recruiting Manager


FYI,  We have one more outstanding issue.  I have given them our insurance expert (David Marshall) name so they can discuss their insurance comments directly.

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Thursday, September 13, 2001 10:49 AM
To:	'Kyle Webster <KWebster@eprod.com>@ENRON'
Subject:	RE: Grant of Servitude between LRCI, Inc. and Sorrento Pipeline Compa	ny, L.L.C.

Attached is your proposed language with my comments redlined.  Please review.  I would be happy to discuss.  I can be reached at (713) 853-3512.

 -----Original Message-----
From: 	Kyle Webster <KWebster@eprod.com>@ENRON [mailto:IMCEANOTES-Kyle+20Webster+20+3CKWebster+40eprod+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, September 12, 2001 4:03 PM
To:	Nemec, Gerald
Subject:	Grant of Servitude between LRCI, Inc. and Sorrento Pipeline Compa	ny, L.L.C.

Mr. Nemec,

Please see the attachment. <<LRCI Termination Clause 9-10-01.doc>>

Kyle Webster
Senior Landman
Enterprise Products Operating LP
P.O. Box 4324
Houston, Texas 77210-4324
713-803-8206 Office
713-803-8290 Fax
KWebster@eprod.com

 - LRCI Termination Clause 9-10-01.doc << File: LRCI Termination Clause 9-10-01.doc >>


Dabhol lenders to vote today on PPA PPPPA termination
Business Standard, 05/16/01

Enron to suspend investments of 600 mln usd in Brazil energy sector
AFX News, 05/15/01

USA: Sempra unit to boost natgas delivery to California.
Reuters English News Service, 05/15/01

Enron Urges Reforms In Japan Electricity Market-Nikkei
Dow Jones International News, 05/15/01

Enron Agrees to Provide Market Data to NGX
PR Newswire, 05/15/01

UAE To Seek New Partners If Enron Exits Dolphin Gas Proj
Dow Jones International News, 05/15/01

Enron Should Sell Utility to Oregon, Lawmaker Argues (Update2)
Bloomberg, 05/15/01

Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1)
Bloomberg, 05/15/01

Dabhol lenders to vote today on PPA PPPPA termination
Our Banking Bureau Mumbai

05/16/2001
Business Standard
1
Copyright (c) Business Standard

The 25-odd lenders to the Dabhol power project will vote today on whether the
Enron-promoted Dabhol Power Company (DPC) should be allowed to to serve a
preliminary PPA termination notice to the Maharashtra State Electricity Board
(MSEB). The voting will take place through conference calls criss-crossing
the globe at 6.30 pm, Indian Standard Time. Even though the three Indian
lenders_ the Industrial Development Bank of India (IDBI), the State Bank of
India (SBI) and ICICI_ have decided to vote against the proposition, they
will not be able to block the move.
Technically, the proposal can be passed if four per cent of lenders are in
favour of the termination notice. In effect, it will be passed if one of the
25 lenders casts its vote in favour of it. So, it's almost a foregone
conclusion that DPC will be asked to issue its termination notice.
Multilateral agency J-Exim, which has provided guarantees, will not
participate in the exercise. Barring J-Exim, other financial intermediaries
including global arrangers ABN Amro, Citi, ANZIB, CSFB and other banks and
OPIC will cast their votes tomorrow. "In the first round, Indian lenders put
their foot down and refused to give clearance to the termination notice.
Thistime around they will not be able to block the move any more. The Indian
lenders alone cannot save the controversial $3 billion as some of the foreign
lenders are in favour of issuing the termination notice," said a source. The
Indian lenders are in favour of completing the project without any time and
cost over-run. They have disbursed about 80 per cent of their Rs 1,500 crore
worth of loan commitments to phase II of the project, 93 per cent of which is
complete. The trial run is expected to commence in June. The board of the
Dabhol Power Company has already authorised Enron India managing director, K
Wade Cline, to serve a termination notice as and when he deems fit. At a
meeting of the lenders last month in London, the foreign lenders were keen
that the termination notice be served in the face of defaults by the
Maharashtra State Electricity Board (MSEB) and the Union government's refusal
to honour the counter-guarantee of Rs 102 crore for the December bill. The
domestic lenders are not covered by the counter-guarantee if the contract is
terminated. The foreign lenders are covered by the counter-guarantee.

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

Enron to suspend investments of 600 mln usd in Brazil energy sector

05/15/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

SAO PAULO (AFX) - Enron Corp will suspend investments of 600 mln usd in the
Brazilian energy sector, news agency JB Online quoted Enron vice-president
and Eletricidade e Servicos SA Elektro chairman Orlando Gonzales as saying.
Of the total investment, 500 mln usd was to be assigned to the expansion of
the thermoelectric plant Cuiaba II in the state of Mato Grosso, and in the
construction of Rogen in the state of Rio de Janeiro, with the remainder to
be invested in unit Elektro, it said.
"There are no clear regulations for the sector. Regulatory issues are holding
back investments," JB Online quoted Gonzales as saying.
Gonzales said the decision to suspend the investments may be reconsidered if
the energy sector regulator Aneel establishes clearer regulations.
mg/as
For more information and to contact AFX: www.afxnews.com and www.afxpress.com

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

USA: Sempra unit to boost natgas delivery to California.

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

SAN FRANCISCO, May 15 (Reuters) - Southern California Gas Co. (SCG) said in a
statement on Tuesday it will add around 200 million cubic feet a day, or
about six percent, to its pipeline system by the end of the year in order to
meet the surge in demand for gas-fired power generation.
Today's announcement comes two months after SCG, a unit of Sempra Energy ,
proposed to increase capacity on its system by 175 mmcfd, or five percent.
Both projects will add around 11 percent of new gas capacity to its
transmission system this year, the company said in a statement.
In its latest proposal, called the Kramer Junction Interconnect, SCG said it
would build a 32-mile pipeline link to the Kern-Mojave pipeline system that
will allow it to deliver around 200 mmcfd into its system.
The new capacity would be enough to drive three 500-megawatt power plants or
enough gas to serve 1.4 million residential customers a day, the statement
said.
SCG, the nation's largest gas utility with more 18 million consumers in
central and Southern California, said utilization of its intrastate
transmission system in the past nine months had jumped from 75 percent to
over 95 percent, due largely to the rise in gas-fired power generation.
The company's announcement is the latest in several proposals to expand gas
pipeline capacity to California, where demand for gas is expected to jump
because of the number of gas-fired power plants being built or scheduled for
construction.
Gas is already used to generate about a third of California's electricity.
And since April 1999, the state has approved 13 major gas-fired power plant
projects with a combined generation capacity of more than 8,900 megawatts.
Nine gas-fired power plants, with a total generation capacity of more than
6,000 megawatts, are under construction.
Over the past two months plans to build or expand gas lines serving
California have been announced by Enron unit Transwestern, Williams Cos' Kern
River Transmission, El Paso Corp. units El Paso Natural Gas Co. and Mohave
Pipeline Co., Pacific Gas & Electric Corp. unit National Energy Group,
Questar Corp. , Calpine Corp. , and Kinder Morgan .

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

Enron Urges Reforms In Japan Electricity Market-Nikkei

05/15/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

TOKYO (Nikkei)--Asserting that cuts in electricity prices will help Japanese
companies save as much as Y4 trillion, major U.S. energy firm Enron Corp.
(ENE) on Tuesday urged Japanese power firms to revamp the electricity market
by separating operations such as power generation, transmission and
distribution, The Nihon Keizai Shimbun reported.
Enron's 10-point proposal also calls for the construction of more power
plants and full-scale deregulation of retail electricity, including sales to
households. If such measures are carried out and electricity prices fall to
match the levels of other industrialized nations, Japan's industrial sector
could trim its costs by Y4 trillion, Enron said.
At a seminar on power industry deregulation hosted by Enron, the company
asserted that Japan's deregulation in such areas as wholesale electricity
auctions in 1996 and bulk retail sales last year has not brought significant
benefits to end-users.
New suppliers entering the market only account for a combined 0.4% of the
entire electricity sector, Enron said, criticizing the fact that power plant
facilities are mainly concentrated among electric power companies.
Regarding prices, an official representing operators of power generation
facilities asserted that "industrial-use electricity prices in Japan are
stuck at a high level at around Y13 per kilowatt, compared with Y5 in the
U.S., Y3 in Canada, Y9 in Germany and Y4-Y8 in Southeast Asia."
In fact, department store operator Takashimaya Co. (8233 or J.TKA), which
last November switched to new market entrants for part of its electricity
supply, was able to cut costs by Y450 million in the first year, said a
company official.
Enron hopes to generate competition by urging Japanese electric utilities to
spin off different operations, analysts say. If the number of power
generation facility operators increases, this will help bolster Japan's
electricity trading market, an area in which Enron has a strong business
interest.
Splitting electricity operations into generation, transmission and
distribution is expected to open the electric utility network to new
entrants. This will boost transparency in the fees that electric power
companies charge for transmitting power on behalf of the operators of power
generation facilities, Enron says.
Citing the power shortage in California, however, Japan's electricity sector
has strongly opposed such spin-offs, stating that generation and distribution
must be part of a single continuum to ensure a stable supply.

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

Enron Agrees to Provide Market Data to NGX

05/15/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

CALGARY, May 15 /PRNewswire/ - NGX Canada Inc. (NGX), a wholly owned
subsidiary of OM AB (OM), today announced that an arrangement has been made
with Enron Canada Corp., a wholly owned subsidiary of Enron Corp. (Enron),
whereby trading data from certain contracts listed on Enron's online trading
system, EnronOnline will be included in the computation of three Alberta Gas
Price Indices.
NGX acquired the AECO "C" & NIT Daily Spot, One-Month Spot, and Bid-Week Spot
gas price indices (Alberta Gas Price Indices) from Canadian Enerdata Ltd.
last September. Subsequent to the acquisition of the Alberta Gas Price
Indices, NGX has provided real-time information to its customers on the
establishment of the weighted average price indices based on transactions
conducted through NGX's trading system. Canadian Enerdata Limited continues
to publish the Alberta Gas Price Indices in the Canadian Gas Price Reporter.
Peter Krenkel, President of NGX, stated, "We believe that inclusion of data
from EnronOnline will serve to make our price indices among the best in North
America. The industry has been very supportive of the visibility and
integrity we are able to bring to the Alberta Gas Price Indices, which
removes the guesswork around gas price index methodology. However, after
reviewing the matter with Enron and other industry participants, we
recognized that Enron had legitimate concerns and the industry felt that
"more is better". The inclusion of data from the highly liquid EnronOnline
system should improve the quality of our price indices even further."
Rob Milnthorp, President and CEO of Enron Canada commented, "We are very
pleased to have EnronOnline transactions included in the Alberta Gas Price
Indices. This will provide industry participants with a more comprehensive
source of data and a better opportunity to manage risk around these price
indices as they are now assured that all their transactions on EnronOnline
will be included in the computation of the Alberta Price Indices."
The inclusion of EnronOnline data satisfies the principal claims made by
Enron in their legal action against NGX, Canadian Enerdata Ltd., OM and
Richard Zarzeczny and Enron has agreed to discontinue the legal action
against those parties with the conclusion of this arrangement.
NGX and Enron are planning to implement the necessary system changes by
August 1, 2001 but in any event will provide at least thirty days notice to
the industry. Once in operation, data from transactions in the relevant
contracts listed on EnronOnline will be fed to NGX in real-time. The
methodology for computing the Alberta Gas Price Indices will continue to be
on a weighted-average basis.
NGX will engage independent auditors to insure full compliance with the Index
Methodology Guide. This guide is available on NGX's website at www.ngx.com.
NGX located in Calgary, Canada provides electronic trading and clearing
services to natural gas buyers and sellers at seven markets in Canada. Over
the past six years, NGX has grown to serve over 120 customers with trading
activity averaging 225,000 TJ's per month. NGX is owned 100% by OM
(www.om.com).
OM is a leader in providing products and services in the field of transaction
technology. The company, with assets exceeding CDN $700 million, operates
exchanges in Calgary, London and Stockholm and develops technology that
increases the efficiency of financial and energy markets throughout the
world. OM is listed on Stockholmsborsen (ticker symbol "OM").
Enron Corp. is one of the world's leading electricity, natural gas and
communications companies. The company, with revenues of U.S. $101 billion in
2000, markets electricity and natural gas, delivers physical commodities and
financial risk management services to customers around the world, and has
developed an intelligent network platform to facilitate online business.
Fortune magazine has named Enron "America's Most Innovative Company" for six
consecutive years. Enron's Internet address is www.enron.com. The stock is
traded under the ticker symbol "ENE".
Canadian Enerdata Ltd. (www.enerdata.com) located in Markham Ontario has been
providing information services to the North American energy industry for over
17 years. Enerdata publishes the Canadian Gas Price Reporter, PriceLine
Daily, Natural Gas Market Report and Canadian Energy Trends. Enerdata also
sponsors GasFair & Power, Canada's largest natural gas and electricity market
conference and trade show, now in its 11th year. SOURCE NGX Canada Inc.

/CONTACT: Enron Corp. - Mr. Eric Thode, Director of Public Relations,
713-853-9053; NGX Canada Inc.- Mr. Peter Krenkel, President, 403-974-1705; OM
- Ms. Anna Eriksson - Vice President Corporate Communications, +46 (8) 405 66
12; Canadian Enerdata Ltd. - Mr. Richard Zarzeczny, President, 905-479-9697/
11:17 EDT

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

UAE To Seek New Partners If Enron Exits Dolphin Gas Proj

05/15/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI -(Dow Jones)- If U.S.-based Enron Corp. (ENE) pulls out of the $3.5
billion Dolphin gas project, in which the company holds a 24.5% stake, the
U.A.E. Offsets Group, or UOG, will consider other companies to replace it, a
United Arab Emirates industry source close to the project said Tuesday.
Industry sources Monday said Enron is considering withdrawing from the
project because it doesn't believe it will be profitable.
Dolphin, an agreement signed two years ago by UOG and Qatar Petroleum, plans
to bring 2 billion cubic feet a day of natural gas from Qatar's offshore
North Field to Abu Dhabi and onward to Dubai.
Enron and TotalFinaElf (TOT) each hold a 24.5% stake in the project, while
UOG owns the remaining 51%.
Enron is set to focus on the midstream part of the project - gas
transportation - which requires building a 350-kilometer pipeline from a
processing plant in Ras Laffan, Qatar, to the Taweelah terminal in Abu Dhabi
and the Jebel Ali terminal in Dubai.
The U.A.E. source said originally, it was thought that the U.A.E. government
would fund the pipeline, which is estimated to cost around $1 billion.
However, more recently, the source said the U.A.E. suggested that Enron put
up the money itself.
Other industry sources said Enron and TotalFinaElf also had to pay
significant fees to join the project. TotalFinaElf will
operate the upstream part of the project, which includes developing
natural gas reserves in two blocks of the North Field. First wells are
scheduled to be drilled in the second half of 2001 and come onstream in
2005.

Last week, the Middle East Economic Survey reported that the foreign partners
haven't yet agreed on the precise details of their working relationship or on
the price of the pipeline.
Qatar Petroleum and Dolphin Energy Ltd., a subsidiary of UOG, signed an
initial agreement in March for the upstream section of the project. A full
agreement is expected to be concluded in September, the source said.
-By Dyala Sabbagh, Dow Jones Newswires; 9714 331 4260;
dyala.sabbagh@dowjones.com

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

Enron Should Sell Utility to Oregon, Lawmaker Argues (Update2)
2001-05-15 16:35 (New York)

Enron Should Sell Utility to Oregon, Lawmaker Argues (Update2)

     (Updates with closing share prices.)

     Washington, May 15 (Bloomberg) -- Enron Corp. should sell
Portland General Electric Co. to Oregon so state consumers can be
insulated from soaring electricity prices, a congressman said.
     ``Purchasing PGE would give Oregon ratepayers more control by
keeping its assets in Oregon, accountable solely to Oregonians,''
U.S. Representative Peter DeFazio, a Democrat from Springfield,
Oregon, said in a letter to Governor John Kitzhaber.
     The governor is considering DeFazio's proposal, said
Kitzhaber spokesman Kevin Smith.
     Last month, Houston-based Enron, the biggest energy trader,
agreed to cancel the $3.1 billion sale of Portland General, a
utility with more than 700,000 Oregon customers, to Sierra Pacific
Resources of Reno, Nevada.
     Enron and Sierra Pacific blamed laws spawned by high power
prices and electricity shortages in the West for the sale's
collapse.
     ``We are pleased to keep Portland General in our asset
portfolio because it's a solid earnings performer,'' Enron
spokeswoman Karen Denne said. ``If approached by a buyer who
recognizes its value, we'd consider selling it.'' She declined to
comment on a potential bid by Oregon.
     The state should act swiftly, DeFazio said, citing press
reports that the U.K.'s Scottish Power Plc, owner of PacifiCorp,
the largest utility in the U.S Northwest, may bid for Portland
General.
     Scottish Power, based in Glasgow, Scotland, would have more
than 70 percent of Oregon electricity customers if it added
Portland General, raising ``serious regulatory concerns about
market power,'' he said.

                            Bond Issue

     Oregon could issue bonds to purchase Portland General, using
the utility's profits to pay the debt, DeFazio said. The state
might run it as a public utility or a cooperative, he said.
     Enron and Sierra Pacific called off the Portland General sale
because of laws passed by Nevada and California legislators that
slow the deregulation of their wholesale power markets.
     California and Nevada have blocked sales of power plants by
utilities. Sierra Pacific had to sell a stake in a Nevada power
plant that sells power to California to win regulatory approval of
the Portland General purchase.
     Average power prices on the California-Oregon border this
year have soared ninefold to $296.34 a megawatt hour over the year-
earlier period. A megawatt hour can light 750 average California
homes for an hour.
     Shares of Enron fell $1.76 to $$56.99. They've fallen 31
percent this year.
     Sierra Pacific rose 9 cents to $16.09. Scottish Power rose 9
pence to 492 ($7) in London.

Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1)
2001-05-15 16:26 (New York)

Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1)

     (Adds closing share price.)

     Houston, May 15 (Bloomberg) -- Enron Corp., the world's
biggest energy trader, agreed to provide natural-gas pricing
information to NGX Canada Inc. and drop a C$100 million
($64.7 million) suit against the Canadian gas exchange.
     Enron sued NGX in November after the Internet exchange, a
unit of the company that owns the Stockholm Stock Exchange,
changed providers of its gas-pricing data and didn't include
trades on EnronOnline, Enron's Internet exchange, when calculating
gas-price indexes.
     Calgary-based NGX agreed to include EnronOnline trades in
calculating its Alberta Gas Price Indices by August, Enron
spokesman Eric Thode said.
     NGX, owned by Stockholm's OM Gruppen AB, is used by about 90
percent of Canadian gas traders, and many traders use EnronOnline
to sell gas from western Canada, the biggest supplier of the
cleaner-burning fuel to the U.S.
     Houston-based Enron fell $1.76 to $56.99.


Dear Mr. TenHave,

We are in receipt of the above referenced letter addressed to Mr. Jeff
Skilling.  At this time, Enron has no interest in investing in prime
timber/woodlands.  We do, however, thank you for the opportunity and wish you
success in this endeavor.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com


Rick / Steve -

Please check this out and provide some comments.

It currently does not contain a "market price".  That is being assembled now.

Please also let me know when you would like to get this to the CA Governor's
office.

Thank you - Dan


Bus passes for January are now available at the Parking and Transportation office on the third floor of the Enron Building, ECN 306.  These passes are offered on a monthly basis and are provided at no charge to the Enron employee. However, because these buses passes are fully subsidized they must be treated as "taxable" income. Excluding the first $65 of the bus pass, the remaining value is subject to taxation, collectively referred to as "imputed tax". See example below

Example: A $100 pass is chosen by an employee.

Subsidy for Bus Pass		$100.00
Exclusion amount			$  65.00

Taxable Income amount		$  35.00


[IMAGE]

Richard,s

Liquors and Fine Wines?

Red Bordeaux Sale

?

?????? We at Richard,s would like to invite you to come in and browse our
selection of 1996 and 1997 Red Bordeaux wines currently on sale through the
month of November. Come in to save 10%on such names as Chateau Lafite
Rothschild, and Chateau Latour.?? Purchase a case or more of any Red Bordeaux
and receive 15%off.?? We will also offer a 20%discount on any purchase of 5
cases or more!? Everyone agrees the 1996 vintage was the best vintage since
the superb 1990 vintage for Cabernet Sauvingnon; the wines of Pauillac, St
Julien, and St Estephe are exceptional. The 1996,s are great wines,
comparable to the 1986,s and 1990,s, and deserve a place in any cellar.???
The 1997,s are the Bordeaux wines to drink over the next 5 to 10 years, while
you are waiting on the more tannic, longer-lived, denser and deeper 1995,s,
1996,s, and 1998,s to mature.

?????? For a listing of our 1996 and 1997 Red Bordeaux, with descriptions and
Sale prices, visit our website at www.richardsliquors.com

?

Feel free to contact us directly at 713.522.3881or Email Gino at

richards3@pdq.net and we,ll deliver to your door or have your order ready for
you when you come in to the Rice Village store at 2514 Rice Blvd.?? We,ll
make sure your shopping experience with us will be convenient and satisfying.

?

?????? We will also be glad to help you with Premium Spirits and Beers from
around the World!?? Call us so we can help you plan your upcoming events and
Private Parties.

?

If you desire to be deleted from this Email group, please click on the reply
button on your browser

and simply type &remove8 in the subject box and your name will automatically
be removed.??? In fact,

if this is the case, please forgive us for any inconvenience we may have
caused you.???? Thanks.

?

?
 - image001.jpg


Steve
 I am terribly sorry to hear about your father's passing.  I almost lost mine
this winter so I have some idea of what you are going through, but only some
idea.  My heart is with you.  Please take care,   John


Rules governing suspension of DA and threats of retroactive suspension
We have helped assemble a coalition of ESPs and business customers to get the most liberal rules possible (e.g., customers can renew DA contracts, customers can add facilities if contract permits, ESPs can assign contracts to other ESPs with consent of customer, ESP and customer can modify existing contract provisions.)
The ESP coalition that we're a part of will file comments on Wednesday on how the suspension rules ought to work.
Retroactively suspending DA remains on the table for debate and remains a threat. But support at the Commission for retroactivity has diminshed considerably and most think that the likelihood of retroactivity is low at this point.
One Commissioner--Carl Wood--continues to express support for pushing the date back, however.

Ruling Issued by California Commissioner requiring market participants to submit their DA contracts to the Commission by first week of December for review.
Commissioner Wood is openly and ideologically opposed to consumer choice and competition and continues his attempts to roll back choice.
Wood issued a ruling "requiring" ESPs and customers to submit their contracts to the PUC for review to determine among other things whether the DA suspension date should be retroactively pushed back to some date prior to Sept 20.
We are working with the same group of business customers and ESPs to oppose Wood's order.
Today, the group agreed to the following:
1) Overall, customers and ESPs will not submit contracts to the California Commission (though there may be a small group that breaks ranks).
2) The group will jointly ask the full Commission to overturn Wood's ruling requiring submission of contracts on the grounds that the ruling is illegal. The group will likely file the joint appeal by the end of this week or first thing next week.
3) In addition, folks will submit separate comments on or around Dec. 3rd to the Commission regarding:
a) the legal reasons to support the argument that the commission doesn't have the legal authority to ask parties to turn over contracts, and,
b) the policy reasons to support the argument that the Commission doesn't need specific contracts, or contract language, to implement the suspension of DA effectively.

Edison's Proposal to Implement the Settlement It Reached with the PUC in Order to Avoid Bankruptcy.
A local consumer group ("TURN") protested Edison's filing.
TURN told the Commission that the proposal requires signficantly more time, scrutiny and analysis than Edison would allow under its proposed schedule.
We're likely to support TURN's suggestion that considerably more time and scrutiny are required since Edison's proposal could have a significant effect on EES' book in California.

Will distribute additional information as it happens. If you have any questions, don't hesitate to contact us.

Best,
Jeff