---------------------- Forwarded by Judy Hernandez/HOU/ECT on 08/14/2000
12:28 PM ---------------------------
Sandra R McNichols   08/14/2000 09:02 AM

To: Kathleen Speer/HOU/ECT@ECT, Cheryl Dudley/HOU/ECT@ECT, Cathy L
Harris/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT, Karl Stewart/HOU/ECT@ECT, Becky
Tlucek/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Pamela
Mitchell/HOU/ECT@ECT, Judy Hernandez/HOU/ECT@ECT, Leslie Smith/HOU/ECT@ECT,
Adrial Boals/Corp/Enron@Enron, Julissa Marron/Corp/Enron@ENRON
cc: Lisa Berg Carver/HOU/ECT@ECT
Subject: Fwd: MORNING BLESSING

Thanks Lisa,
Prayer is so powerful, and you are such a blessing to all who know you.
Sandy
---------------------- Forwarded by Sandra R McNichols/HOU/ECT on 08/14/2000
08:58 AM ---------------------------

	Lisa Berg Carver
	08/14/2000 08:40 AM

To: Christy Sweeney/HOU/ECT@ECT, Ana Correa/HOU/ECT@ECT, Willie
Harrell/HOU/ECT@ECT, Sandra R McNichols/HOU/ECT@ECT, Cassandra S
Dutton/HOU/ECT@ECT, Cynthia Shoup/HOU/ECT@ECT, Dora Trevino/Corp/Enron@Enron,
Cheryl Kaiser/Corp/Enron@ENRON, Melba Lozano/HOU/ECT@ECT, Gerri
Gosnell/HOU/ECT@ECT
cc:
Subject: Fwd: MORNING BLESSING

---------------------- Forwarded by Lisa Berg Carver/HOU/ECT on 08/14/2000
08:38 AM ---------------------------

"hs veselka" <hveselka@hotmail.com> on 08/13/2000 07:18:09 PM
To: WARRENM@onebane.com, veselka@mastnet.net, cbutcher@aramco.com,
debbieb@tgn.net, joyceh@orbitworld.com, CamposJoseLaura@aol.com,
kyuquot@worldnet.att.net, Lisa.Berg.Carver@enron.com, mlove@oldrepnatl.com,
tavara@hot1.net
cc:
Subject: Fwd: MORNING BLESSING

>
>  MORNING BLESSING
>
>    I asked the Lord to bless you,
>    As I prayed for you today.
>    To guide you and protect you,
>    As you go along your way.
>    His love is always with you,
>    His promises are true,
>    And when we give Him all our cares,
>    We know He'll see us through.
>    So when the road you're traveling on
>    Seems difficult at best,
>    Just remember I'm here praying
>    And God will do the rest.
>
>
>  Forward this to at least 10 people whom you
>  want God to bless and,
>  don't forget to send it back to the one who
>  asked God to bless you
>  first.

________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com


Can you send me a brochure and an application packet?

My contact info:
Monika Causholli
2440 North Boulevard #5205
Houston, TX 77098

email: mcausholli@hotmail.com
Tel. (713) 807 1039

Thanks,
Monika Causholli


Thanks

	Robert Hemstock@ECT
	11/16/2000 11:39 AM

		 To: Steven J Kean/NA/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Aleck
Dadson/TOR/ECT@ECT
		 cc: Rob Milnthorp/CAL/ECT@ECT, TMcLaren@GPC.CA, tburns@gpc.ca
		 Subject: Re: Update - Alberta Power Pool Rule Changes

Thanks for your comments Steve.

The legal arguments are one piece of our 5 point action plan (it relates to
action items 2,3, and 4) that I outlined in my November 13 e-mail to the
group.  Action item #1 (and I agree this must be our primary focus) is to
communicate to the Alberta Government: i) Enron's views on what mistakes are
being made by governments in other jurisdictions in response to high price
levels,  and ii) Enron's plans for Alberta if the Alberta Government "stays
the course" and does not interfere in the market.   We are hopeful this can
be done through Milnthorp and Delainey meeting with Premier Klein and/or
Minister Cardinal.  If such a meeting isn't possible we will simply have to
get the message through to them via lower level officials in the Alberta
Government.

On Tuesday Rob Milnthorp left messages for Premier Klein, the Premier's Chief
of Staff, and Minister Cardinal, and the Cardinal's Deputy Minister, Ken
Smith.  I also spoke to Larry Charach of the ADRD.    The speaking points
that we prepared to guide us through these calls are as follows:

Enron understands that electricity prices in Alberta are an important issue
for the Government

Enron has concerns with a number of recent rule and market design
developments in the electricity market

Enron feel that it would be helpful for the President and CEO of Enron North
America and Rob M to sit down for a brief meeting with the Premier and
Minister Cardinal to:

1)  Explain Enron's current plans to expand commercial operations in both the
electricity and natural gas sectors;

2) Express Enron's concerns that the Alberta electricity market "may not
indeed be open for business" given recent developments, including:

(i) The MAP and its adverse effect on the PPA Buyers and the "no harm"
commitment;

(ii) Power Pool rule changes of the sort recently proposed will irreparably
damage existing suppliers such as Enron, the ultimate effect of which will
undoubtedly be the lack of development of much needed new supply and longer
term high prices for consumers.

3) Express Enron's willingness to draw on our experience in other markets and
explain our vision of how the Government can work through this difficult
period in the shortest possible time frame.

Ken Smith returned Milnthorp's call this morning and Rob Milnthorp advised
that he covered each of the above speaking points and the conversation went
very well.  Smith asked him "what would you do if you were us?" and Rob
replied that the Government must stay the course as the alternatives will
make the situation worse.  Rob also told Smith that Enron's preference is to
continue to work with the Government on these difficult issues and Enron
"doesn't like sending letters that threaten legal action to the Government or
the Power Pool", especially since we share a common vision on electricity
restructuring with the Alberta Government.  Smith indicated that with the
Alberta Legislature back in session it would be difficult to get a meeting
for us with the Premier but he would try to do so and would get back to
Milnthorp.

Whether we get a meeting with the Premier, or not, we still need to prepare a
new briefing note for the government within the next week and at the very
least Rob Milnthorp and I can meet with Larry Charach and Ken Smith to walk
them through this document.  As you say, our document must focus on "the
adverse effect on consumers" and the implications of the Government moving
off the strategy it continues to publicly support (the Premier said again
this week in question period that the problem is that we are short supply)
which is to "allow the market to work".

Regards,

Rob

From: Steven J Kean@ENRON on 11/15/2000 07:13 PM CST
To: Robert Hemstock/CAL/ECT@ECT
cc:
Subject: Re: Update - Alberta Power Pool Rule Changes

congratulations!

One thing to add to the arguments:  we have to make the adverse effect on
consumers the centerpiece of our arguments.  We need the legal arguments too,
but this is fundamentally a political and consumer protection driven
discussion.  We have to be prepared to demonstrate that the key to Alberta
reducing prices is allowing new generation to enter and to do that you have
to allow a true market price to be posted.  California has seen the
cancellation of numerous projects while they remain desparate for new supply
because they have tried to artificially constrain prices.  That's not good
for consumers.  If they need a lower cost solution for consumers (or
protection from price volatility in the meantime) they need to "outsource"
the residential supply business in blocks for fixed price bids.

Regardless of how we frame the arguments, or the solutions, however, we have
to make the public policy/ consumer protection arguments the center of our
written and oral presentations.

Do you agree?

	Robert Hemstock@ECT
	11/15/2000 06:28 PM

		 To: Rob Milnthorp/CAL/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Derek
Davies/CAL/ECT@ECT, Tim Belden/HOU/ECT@ECT, John Zufferli/CAL/ECT@ECT, Steven
J Kean/NA/Enron@Enron, Aleck Dadson/TOR/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Peter Keohane/CAL/ECT@ECT, Eric
Thode/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, TMcLaren@GPC.CA,
seabron.adamson@frontier-economics.com, tburns@gpc.ca,
aleck.trawick@blakes.com, dpef@blakes.com
		 cc:
		 Subject: Update - Alberta Power Pool Rule Changes

Dale McMaster called this afternoon to advise that the Power Pool Council
agreed to delay any decision on the recently proposed rule changes (importers
excluded from setting pool price and dispatch risk) for a period of two
weeks.  During this two week period Dale has been asked to obtain stakeholder
input into ways to address concerns about whether the spot price in the
Alberta Power Pool is a product of interaction among competitiors in a
efficient market.

In our discussions with the Power Pool and ADRD today and yesterday Enron
expressed its willingness to work with the Power Pool to provide feedback on
suggested rule changes but has also made it clear that we do not agree with
the premise that there is a "problem" that requires "emergency" amendments to
the Pool rules.  Our position has been that Alberta is short supply, and
significant changes to the rules and/or market design will only discourage
new generation development.

Dale McMaster had just left the Power Pool Council meeting when he called and
had not yet put much thought into how to define the issue he has to address
and what the process will be.   We discussed the process and it appears he
will likely receive comments from stakeholders at large and also assemble a
small committee of 4-5 stakeholders (which would include Enron) to work with
the Power Pool to consider possible changes to the Pool rules.  Dale said he
would try to pull together a "terms of reference" document that would define
the mandate of the small committee by tomorrow.

After my call with Dale McMaster, Peter Keohane and I spoke to Aleck Trawick
and we have asked Blakes to assist us in three areas:

1) Once the terms of reference of this small committee are released (and
assuming Enron is asked to participate on the committee) Blakes will assist
us with preparing a letter that states that Enron's participation does not
represent acknowledgement or agreement that the Power Pool Rules must be
amended to address the concerns of some stakeholders about real time pricing
in Alberta and that Enron's participation on the committee is on a without
prejudice basis;

2) Enron needs to obtain the final memo from Frontier Economics in which
Frontier provides its opinion on how the proposed rule changes: i) would
introduce price discrimination into the Alberta electricity market, ii) would
be contrary to the development of an efficient, fair and openly competitive
market for electricity, iii) would compromise the independence of the Power
Pool, and iv) would have the expected effect of artificially depressing the
real time price of electricity in Alberta.  Once Blakes receives a copy of
the Frontier Economics memo, they will prepare a memo for Enron advising: i)
whether the two week process of consultation by the Power Pool is in
accordance with the standards required of the PPC as an administrative
tribunal operating in Alberta; and ii) whether such rule changes offend the
provisions of the EUA;

3) Blakes will advise Enron of the possible avenues of recourse (i.e. appeal
to the AEUB, and/or legal action in the Court of Queen's Bench) in the event
the proposed rule changes (or similar changes) are approved by the PPC at the
end of this two week period.   GPC and Eric Thode will also be consulted on
this issue and obviously input from all those within Enron working on this
project will be sought prior to any decision being made to pursue any
possible legal remedies.

Please advise if you have any comments.

Regards,

Rob


Hear anything on Engram?


For clarification.
Deutsche Bank is the new Name..  ENA currently has an agreement in place with
BT Alex Brown who has been assumed by Deutsche.
It apprears that only an agreement  with ENA was set up previously.  ECT
Investments should have one,  as well.
sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 09/25/2000 01:21
PM ---------------------------

	From:  Sheila Glover                           09/25/2000 11:43 AM

To: Ted Murphy/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
cc: John Greene/LON/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Theresa T
Brogan/HOU/ECT@ECT
Subject: Deutsche Bank Securities

Equity Trading is requesting an Executing Broker Agreement be set up for ECT
Investments, Inc. and Enron North America Corp with Deutsche Bank
Securities.  We do not have one currently in place and we have done a
significant amount of business with them in 2000  (included in top 10 for
8/2000 YTD in brokerage commissions).
Thanks. Sheila


If I remember correctly, I believe Sithe had just purchased this plant from
someone else.  The delivery point on CNG was NIMO.  And this was the only
time we ever used the agency on CNG.

Diane H Cook
10/13/2000 11:13 AM
To: Chris Germany/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Ruth
Concannon/HOU/ECT@ECT
cc:
Subject: Re: Sithe FYI

This is a Sithe Energies transaction and in no way has anything to do with our
Sithe/Independence transactions.  However, we need to make sure when the
contract is terminated, none of our Sithe/Independence contracts are
affected.
These other contracts are one ANR, PEPL, Union, TCPL, Empire, and NiMo.

Thanks, Diane


I'm glad you like your gifts.  I got tired of waiting on my assistant so I
took up sewing (for Hector) and metal working type stuff for your goodies.
I'm helping Joanie move to Maryland this weekend.  I'm out Friday, Monday,
and Tuesday.

AND I've been putting photo's on the web.  I bought a digital camera.  Take a
look .  Go to ==>  http://www.cartogra.com/home/home.asp
Then go to the box in the bottom right side of the screen where it says "new
to cartogra?".  Enter my account name "trogg522" in the space beneath and
click on the arrow.

Later :o)

"Immer, Ingrid" <Ingrid.Immer@Williams.com> on 09/11/2000 04:30:04 PM
To: "'cgerman@enron.com '" <cgerman@enron.com>
cc:
Subject:

Hi Chris,

I just called you a while ago and they said you'd call me back.? I may not be
at my phone when you call because I'm at my other desk for the rest of the
afternoon.

I called to thank you for the goody package I received this afternoon.?
Hector likes his golf shirt and my pen and pencil are very nice.? I've
already tested them both.

I'm going to be visiting the New York customers this week and I'll probably
take my new pen and pencil with me, if I can figure out a way to cover up the
Enron part.

Hope you are well.? Let's talk soon so we can act like tomatoes and catchup.?
:)

Take care.?? ii


?
----- Original Message -----
From: Kim.Ward@enron.com
To: Lynn Bracken
Sent: Monday, January 22, 2001 6:39 PM
Subject: Re: RFP

Lynn,

Attached is a gas proposal that was submitted to  John Ewing at Smurfit
Stone Container Corporation on January 17, 2001 by  Chris Foster.? This is
an index proposal with the assumption that Enron  and Smurfit would
regularly enter into forward fixed price transactions to  hedge Smurfit's
cash flows.? Enron would be actively assisting Smurfit  Stone in making
forward price decisions by providing insight into market  fundamentals.

I can provide fixed price indicators if you need.?  Give me a call with your
questions.

Thanks,

Kim  Ward
713-853-0685

(See attached file:  Jan_01_prop_sentto_summit.doc)
 - Jan_01_prop_sentto_summit.doc


Stuart -

This is the finalized DRAFT agreement with Cinergy for the maintenance of the
Wheatland switchyard.  I recommend including it and the e-mail below in the
due diligence.  I'll hold off on signing until we know something more on the
sale.

Mitch
---------------------- Forwarded by Mitch Robinson/Corp/Enron on 10/10/2000
05:30 PM ---------------------------

"Mink, Dale" <dmink@Cinergy.com> on 10/10/2000 01:58:48 PM
To: "Larry. Soderquist (E-mail)" <Larry.Soderquist@enron.com>, "Martin. W.
Penkwitz (E-mail)" <Martin.W.Penkwitz@enron.com>, "Mitch. Robinson (E-mail)"
<Mitch.Robinson@enron.com>
cc: "Richey, John" <j.richey@Cinergy.com>

Subject: Revised Wheatland Proposal

Larry, Attached is the revised proposal that you and I spoke about. We have
incorporated the adjustments for meter testing and have slightly adjusted
the proposal price. Please review the modifications and if acceptable I will
mail out the signed hard copies upon receipt of your approval. Thanks for
your patience and cooperation during this development period. Hopefully in
the future if the occasion arises for us to pursue these same services, we
will have the foundation for a quick agreement,
Thanks again,
Dale
 <<West Fork Land Development Final.doc>>

 - West Fork Land Development Final.doc


Carmen:

Thanks for forwarding this.  Pleasure to have spoken with you yesterday.  In
future, please cc: me on these e-mails .

Thanks.

Sarah-Joy Hunter
Enron Corporation
Global Strategic Sourcing
Business Development
713-345-6541
---------------------- Forwarded by Sarah-Joy Hunter/NA/Enron on 12/12/2000
06:54 AM ---------------------------
From: John Will on 12/11/2000 06:59 PM
To: Sarah-Joy Hunter/NA/Enron@Enron
cc:

Subject: [Fwd: Enron]

fyi
jw

----- Forwarded by John Will/NA/Enron on 12/11/00 06:55 PM -----

	Carmen Perez <carmen.perez@fedex.com>
	12/11/00 02:55 PM

		 To: john.will@enron.com
		 cc:
		 Subject: [Fwd: Enron]

John, please forward to Ms. Hunter.

Sara-Joy:

Looks like Buck sent us back to Jim Vines.
If you remember, JimVines referred us to the contacts that have already
called you.

Please feel free to e-mail Mr. McGugan for further assistance.

Return-Path: <bdmcgugan@fedex.com>
Delivered-To: fgs.fedex.com%carmen.perez@fgs.fedex.com
Received: (cpmta 22209 invoked from network); 11 Dec 2000 11:55:39 -0800
Received: from inet02.mail.fedex.com (146.18.57.237)  by smtp.c017.sfo.cp.net
(209.228.12.208) with SMTP; 11 Dec 2000 11:55:39 -0800
X-Received: 11 Dec 2000 19:55:39 GMT
Received: from entpm2.prod.fedex.com (lotsrv02.prod.fedex.com [199.81.9.77])
by inet02.mail.fedex.com (8.9.1a/8.9.1) with ESMTP id NAA20072; Mon, 11 Dec
2000 13:55:17 -0600 (CST)
Received: from fedex.com ([199.81.112.156])          by entpm2.prod.fedex.com
(Lotus Domino Release 5.0.2a (Intl))          with ESMTP id
2000121113551531:13854 ;          Mon, 11 Dec 2000 13:55:15 -0600
Message-ID: <3A35340A.8C5B9C15@fedex.com>
Date: Mon, 11 Dec 2000 14:07:38 -0600
From: Buck McGugan <bdmcgugan@fedex.com>
X-Mailer: Mozilla 4.7 [en] (Win98; U)
X-Accept-Language: en,pdf
MIME-Version: 1.0
To: JIM VINES <jmvines@fedex.com>, Chris GANT <christopher.gant@fedex.com>
CC: Carmen Perez <carmen.perez@fedex.com>,        BUCK MCGUGAN
<bdmcgugan@entpm2.prod.fedex.com>
Subject: Re: Enron
References: <3A3504FB.DBD5E4FF@fedex.com>
X-MIMETrack: Itemize by SMTP Server on ENTPM2/FEDEX(Release 5.0.2a (Intl)|23
November 1999) at 12/11/2000 01:55:16 PM, Serialize by Router on
ENTPM2/FEDEX(Release 5.0.2a (Intl)|23 November 1999) at 12/11/2000 01:55:20
PM, Serialize complete at 12/11/2000 01:55:20 PM
Content-Type: multipart/mixed;
boundary="------------009754F305D7E55BCFB1E94E"

Jim, can you assist me with this customer.  Based on the attached email, we
have not put this customer in touch with the proper person in purchasing.
This is a good account; I need your help to make sure we provide them the
proper contact.

Please have the proper person call Carmen and also let me know they followed
up.

Thx, Buck

Carmen Perez wrote:

> Need a favor.  Can you give Sara-Joy Hunter a call at Enron?
>
> Reason:  This is a potential 6 million dollar account I have been
> working on for 5 months.  Final negotiations are underway.  Hope to
> bring them on by Jan 15.  She is responsible for selling Enron services
> to suppliers.
>
> I had her speak to MD's  in FedEx Strategic Sourcing but they were
> unable to help her.  She then, after two weeks of playing phone tag with
> Memphis, found out they were not the contacts she was looking for.  This
> is one of the determining factors in getting the account---getting her
> to the right people to make Enron a true partner.
>
> All I need from you is to call her at 713-345-6541.  She will be
> available all day except lunch hour and 4-5 pm.  She does not believe I
> put her in touch with the right contacts.  She feels better calling a VP
> of Sales and hearing from a VP of Sales that Memphis is the way to go
> (services/products are purchased through the contacts and Memphis.)
> Clint Beard already spoke to her, too.
>
> Please, please.
>
> Will not ask for anything else until I close this account :)))))!!!!
> Promise.
>
> She has already spoken to the following FedEx Memphis contacts:
>
> Bryan Wright, MD IT Sourcing
> Chris Bolen, Jet Fuel purchaser
> Reynard Rudolph, energy services
>
> They want to sell---broadband services, jet fuel and electricity


Hi Kent,

I was wondering if we could schedule a conference call to discuss the form of
these agreements.  Are you available any time soon?

Thanks,

Kay


i'm not sure

 -----Original Message-----
From: 	Killen, Faith
Sent:	Tuesday, June 05, 2001 1:02 PM
To:	Lavorato, John
Subject:	Canada Mgmt Summ change
Importance:	High

Hi John,
Are you okay with combining the Retail line and Executive line for Canada?

 -----Original Message-----
From: 	Patterson, Grant
Sent:	Tuesday, June 05, 2001 12:07 PM
To:	Day, Misti
Cc:	Cappelletto, Nella
Subject:	2001 ENA Earnings Estimate

I am currently looking at reconciling Canada's P&L numbers for Q1 and Q2 to the ENA Earnings Estimate for Q1 & Q2 for 2001.  Could you let me know who is responsible for generating the total margin, direct & operating expenses and capital charge numbers for Canada in the ENA Earnings Estimate file?  In addition, can you please combine the Retail (Milnthorp) and Executive (Milnthorp) rows together on the Q1 and Q2 Earnings Estimate as the Retail division no longer exists in Canada?

Thank you in advance for your assistance.

Grant


----- Forwarded by Mark Palmer/Corp/Enron on 07/10/2001 07:47 PM -----

	"Leopold, Jason" <Jason.Leopold@dowjones.com> 07/10/2001 07:32 PM 	   To: "'pat.dorinson@mirant.com'" <pat.dorinson@mirant.com>, "'mark.palmer@enron.com'" <mark.palmer@enron.com>  cc:   Subject: LADWP

=DJ LADWP, Run By Davis Adviser, Cashed In On Calif Crisis

Dow Jones Capital Markets Report via Dow Jones

   By Jason Leopold
   Of DOW JONES NEWSWIRES

  LOS ANGELES (Dow Jones)--On a single day in June 2000, the Los Angeles
Department of Water and Power, the largest municipal utility in the country,
raked in $5 million selling California surplus power for $1,000 a
megawatt-hour
- about 30 times the average price the utility charged the month before.

  That sale, reported by the California Independent System Operator and
confirmed by the LADWP in an interview last June, was one of many instances
in
which the municipal utility cashed in on California's power crisis.

  On Monday, the Department of Water Resources, the agency that has been
purchasing California's bulk power needs in lieu of the state's
cash-strapped
utilities, released a detailed report of spot-market power purchases showing
the
LADWP charged the state an average of $242 a megawatt-hour for power from
Jan.
18 through May 31 this year. That price is about $35 higher than those
charged
by most of the out-of-state generators Gov. Gray Davis has criticized
repeatedly
as price gougers.

  Potentially embarrassing for the Davis administration, however, is that
the
LADWP was formerly run by General Manager David Freeman, who in April became
Davis' top energy adviser.

  Steve Maviglio, press secretary to Davis, said Texas-based generators are
primarily to blame for the high wholesale prices that crippled the state's
two
largest utilities.

  "Anywhere they wear cowboy hats, they probably have handkerchiefs across
their
face, because they are robbing us blind," he said. "The bad guys are clearly
the
out-of-state generators."

  Freeman's trademark is a white Stetson.

  The former LADWP chief, who last September quipped that a "blind pig could
make money" under California's faulty deregulation setup, didn't return
calls
for comment.

  Freeman took a leave of absence from the LADWP in January to negotiate
long-term power contracts on behalf of the state.

     Power To Sell

  According to the DWR report, the LADWP brought in $331 million selling
power
to the state between Jan. 18 and May 31 this year.

  The LADWP, which didn't take part in the state's deregulation debacle and
which isn't under the jurisdiction of federal energy regulators, also cashed
in
throughout 2000. The utility has 7,000 megawatts of generation capacity but
only
needs about 5,500 MW to serve its retail customers, freeing it to sell as
much
as 1,000 megawatts to the ISO at prices comparable to what the generators
were
charging.

  The LADWP did so well that it was able to pay down $200 million in debt
and
will reduce its customers' rates in 2002.

  "It just shows you that enterprise is where you find it," Freeman said in
an
interview last year.

  Last July, ratings agency Fitch concluded that California's electricity
shortage provided LADWP "an opportunity for the sale of surplus power at
favorable prices which added to the municipal system's coffers."

  According to a report by the ISO, manager of the state's electricity grid,
the
LADWP overcharged California for power from May 2000 through February 2001
by as
much as $20 million. Maviglio said the state will pursue refunds from the
utility.

  On Tuesday, an LADWP spokesman defended the utility's power prices, saying
the
costs of producing electricity were extremely high.

  The ISO has estimated that the state was overcharged nearly $9 billion for
electricity sales in the 12 months ended May 2001. On Monday, settlement
talks
between state officials and generators over the refunds broke down.

  Other municipal utilities, including the Sacramento Municipal Utility
District
and private companies like BC Hydro in Canada, have also racked up enormous
sums
selling surplus power to California at the last minute.

  -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

  (END) Dow Jones Newswires  07-10-01

  1557EDT

(AP-DJ)--07-10-01 1557EDT
:TICKER: EIX PCG SRE
:SUBJECT: EUTL CA COBO MU PETR
Copyright (c) 2001 Dow Jones and Company, Inc.
Received by NewsEDGE/LAN: 7/10/01 12:57 PM


Attached is a revised Credit Watch listing for the week of 10/08/01.   Please note that Federal-Mogul Corp. was placed on "NO TRADES".
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.
For other questions, please contact Jason R. Williams at x5-3923,  Veronica Espinoza at x6-6002 or Darren Vanek at x3-1436.


Can you forward to Karen a copy of the lastest Electronic Trading Agreement.
I'm not comfortable that what I have is the latest.  Much thanks!


did kendra play


let's hit el tiempo or something


Hi Ben,

How's about the Acccounting/Finance presentation at noon on May 23rd, then we
can all go to the Astros' game at 305?

Kay


thats not a hint

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:59 AM
To:	Maggi, Mike
Subject:	RE:

you'll get it
 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:56 AM
To:	Huble, Amanda
Subject:	RE:

how about a hint

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:45 AM
To:	Maggi, Mike
Subject:	RE:

You never know!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:45 AM
To:	Huble, Amanda
Subject:	RE:

as in hours days or weeks?

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:34 AM
To:	Maggi, Mike
Subject:	RE:

very soon

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:33 AM
To:	Huble, Amanda
Subject:	RE:

when do I get it

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:27 AM
To:	Maggi, Mike
Subject:	RE:

I have it

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:22 AM
To:	Huble, Amanda
Subject:	RE:

by the way where is my present

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:07 AM
To:	Maggi, Mike
Subject:	RE:

I knew you would like that

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:07 AM
To:	Huble, Amanda
Subject:	RE:

that was a good comeback

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, May 24, 2001 11:05 AM
To:	Maggi, Mike
Subject:	RE:

maybe I like trouble

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, May 24, 2001 11:05 AM
To:	Huble, Amanda
Subject:

you better be careful about drinks I think you might be in trouble


We were working on Brazil (Andrea Bertone in Sao Paolo was heading it up) but
I think they have stopped for now.  I'll look for her latest e-mail and
forward it to you.  The others are all new.  Tana can give you the form of
local counsel survey we have been using if you want it.

	Travis McCullough
	09/05/2000 08:06 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: EnronOnline jurisdictions

Is anyone doing the legal work necessary to start conducting online trading
in any of the following jurisdictions?  Clickpaper wants to add customers
from these jurisdictions and it doesn't appear that EOL "goes there" yet:

Brazil
India
china
Turkey
Lebanon
Venezuela

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


eSource presents Lexis-Nexis training
Attend one of our Topical Lexis-Nexis Clinics:

Advanced
This session will cover advanced searching tips.  It will also cover using
Smart Indexing to narrow your search results.  Find out how to customize your
desktop for easier searching.

April 24   1:00 - 2:00 PM  EB564

Industry Research
Learn tips for finding industry information on Lexis-Nexis.  Find statistics
and other topics like market share, industry trends, and industry forecasts.
Explore industry information beyond the news.

April 24   2:30 - 3:30 PM   EB564

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
5-7928
The cost is $25.00 Per Person
No Shows will be charged $50.00
* Please bring your Lexis-Nexis login ID and password. If you don't have one,
a guest ID will be provided.

Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

http://esource.enron.com


Please include Louise on this distribution for updated numbers.

Thanks.

 -----Original Message-----
From: 	Whiting, Greg
Sent:	Monday, November 26, 2001 2:36 PM
To:	Freeland, Clint; Bradford, William S.; Brackett, Debbie R.; Colwell, Wes; Hodges, Georganne; Schield, Elaine
Subject:	PRM Cashflow Summary_11212001.xls
Importance:	High

Here is the file for PRM estimated cashflow as of 11/21.  We are working to get commodity breakout for tomorrow's data.  The file now consists of 4 sections with three tabs each.  The sections are:

All Data - EWS / EES / London
ENA Only
EPMI Only
Other - Entities other than ENA and EPMI

The three tabs are:

Data by month thru contract end
Data by month thru Dec 2002
Data by month thru 2002 and summarized by year thereafter

If you have any questions please call.

					Greg x35399

 << File: PRM Cashflow Summary_11212001.xls >>


FYI.  From IEP lobbyist.  Will have more information first thing in the AM.

Best,
Jeff

-----Original Message-----
From: Katie Kaplan [mailto:kaplan@iepa.com]
Sent: Tuesday, August 21, 2001 7:40 PM

In a nutshell:

The governor and assembly leadership (without Rod Wright) have reached
agreement and believe they have the 41 votes to support the below:
o There will be a $2.9 Billion bailout that can be used to pay the QF's and
the banks, but not the generators-either directly or indirectly-and will be
recovered through a Dedicated Rate Component charged to consumers 20 kwh and
above.

o Business and consumer interests are being briefed at the moment by the
staff of Davis and Angelides on the proposal.

o The easement language is consistent with the language proposed in 78xx

o The renewable portfolio standard language is primarily consistent with
82xx however discussions on final language are continuing now.

o Regarding the transmission lines and direct access, language has not been
written and discussions are also continuing.  In fact much of the bill is
being drafted now and is said to circulate tomorrow among members.  Davis
has indicated that he wants a vote as soon as Thursday

o The Senate has not agreed, but there are staff meetings going on now.

o The CPUC has not involved in the discussions, but the administration
continues to assure that no CPUC action will be taken in contrary to the
language of the bill.

Please feel free to call with questions and as always we will keep you
posted.

Thanks,

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


I'll see you at 1:00

DG

Mary Lynne Ruffer
08/28/2000 08:57 AM
To: Darron C Giron/HOU/ECT@ECT
cc: Tracey Irvin/HOU/ECT@ECT, Troy Klussmann/HOU/ECT@ECT
Subject: Re: July Flash To Actual

Can we meet at 1:00 in my office (2484)?
---------------------- Forwarded by Mary Lynne Ruffer/HOU/ECT on 08/28/2000
08:55 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           08/28/2000 08:40 AM

To: Mary Lynne Ruffer/HOU/ECT@ECT
cc:
Subject: Re: July Flash To Actual

Yes.  Just after lunch if possible.  It's bid week.  Thanks.

DG    3-9573

Mary Lynne Ruffer
08/28/2000 08:25 AM
To: Darron C Giron/HOU/ECT@ECT
cc: Tracey Irvin/HOU/ECT@ECT, Troy Klussmann/HOU/ECT@ECT
Subject: July Flash To Actual

Darron - Are you free this p.m. to discuss July FTA for EMW?


One Enron(.  To support this corporate goal, Enron Net Works (both European
and Houston Information Technology) is standardizing technology across the
Enron Business Units outlined below.   Project plans for EBS, GPG, and Azurix
are still being finalized and will be communicated separately.  Our goal is
to create a computing environment with the same look and feel across all of
Enron.  Oh, and did we mention that this will make traveling to another Enron
site feel almost like you,ve never left home?   (At least when it comes to
your ability to access Enron information.) Well, we plan to accomplish this
with Project GEM!

Project GEM (Global Enron Migration) is a collaborative project team
comprised of IT employees from London and Houston that have focused on
delivering a standardized rollout of Windows 2000.  We want to thank our
customers who have already been contacted by Project GEM for their
participation and feedback.  Currently we have approximately 600 employees
using Windows 2000 and we are ready to begin an Enron-wide roll out.

We are finalizing our Business Unit rollout schedule.  Additional information
will be provided as it becomes available.  In the meantime, please contact
your Business Unit representative listed below if you have any questions.

Business Unit / Date	Contact Name	Contact Information
Enron Corp
Enron North America (ENA)
Enron Property & Services Company
Enron Net Works
Enron Global Finance	Denise Rancour	 713-345-8069
ENA Remote Offices	 Fred Philipson	 713-345-9323
Enron Global Exploration & Pipeline	 Denise Rancour	713-345-8069
Enron Engineering & Construction Co.	 Burt Wilson	 713-345-5974
Enron Europe	 Chris Farrell	 +44(0)20 7783 4537
Enron India	 Burt Wilson	 713-345-5974
Enron South America    	 Burt Wilson	 713-345-5974
CALME Region
 - Enron Caribbean Basin
 - Enron Global LNG
   - Enron Middle East	  Burt Wilson	 713-345-5974
 APACHI Region
   - Enron Asia/Pacific
   - Enron Africa
   - Enron China	 Fred Philipson	 713-345-9323
Enron Energy Services	Rob Collier	713-853-7826

In addition to these contacts, you also may send questions to "Project GEM"
or project.gem@enron.com, and a member of the project team will be happy to
address these individually.  The latest project updates and news will also be
posted on the Project section of the IT Central Web site at
http://itcentral.enron.com.

We are very excited about the roll out of Windows 2000.  It is the foundation
for the delivery of future applications.  So, stay tuned for more details!!!


I am out of the office until November 2.  I will NOT be checking e-mail.  If urgent leave a voice mail message as I will check them periodically.  Otherwise, contact my assistant (Beth Ryan 713-345-7161).


Start Date: 4/13/01; HourAhead hour: 13;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041313.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 13 / Preferred:  20.00 / Final:  19.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: FIRM


Sue,

I am sending you this e-mail because I received your voice message well after
you left it today.  I reviewed the text files that are sent out by the book
administrators on my desks and none of them contain any deals booked to the
counterparty El Paso Gas Marketing.  All of the deals from people on my desk
are booked to the valid El Paso counterparty per our conversations.

I will be out of the office tomorrow, but I will be checking my voicemail
frequently and communicating with my group.  If the same problem arises
tomorrow, please call me at 713-305-1502 so that we can discuss, because
there has to be some other explanation for the erroneous counterparty showing
up on your report.

Thank you,

Errol McLaughlin, X5-8274


Gentlemen,

I thought I would pull together a brief email outlining where we are on
certain tasks.  Here goes:

Hub Agency Agreement - Gregg recently met with Peoples to discuss some of the
outstanding commercial issues relating to the Hub Agency Agreement.  Roy is
putting together a summary of the outcome of that meeting.  Gregg and I
decided it would be better to not send Peoples the current draft of the
agreement which has been circulated internally, but instead will send a draft
which incorporates the outcome of these discussions.

Memo regarding restricted activities - David has prepared a draft for Enron's
review.  Here's the draft:

Gregg and I need to review it.

Gregg and Peoples have been working on the grandfathered transaction list.
Since both sides are running behind on this,  David prepared a very straight
forward amenment to the LLC agreement, exending the time frame for finishing
the task.  Here it is:

Policies - Gregg "Policy Man" Penman has been working on a credit policy,
cash management policy, risk management policy, and probably a couple of
others I'm forgetting.

Revolving line of credit - Gregg has been working the internal Enron system
to get approval for a $50mm line of credit for MEH.  He has raised the issue
of Peoples needing to provide a guarantee for their half.  Also, it may be
necessary or advisable to document that the line of credit will be paid
before any distributions are made to either member.  This is still under
internal review at Enron.  I will check around to see if Corp (the lender)
has a form of credit facility we should use.

Miscellaneous:
Decide about services agreement
Confidentiality agreements
Transfer pricing documentation
Other agreements (ISDA, GISB, Peaking Agency, Third Party Master)
Board resolution appointing officers/managers
Budget and marketing plan
Other administrative functions (per Gregg's Business Setup Items list)

Hope this is helpful.

Kay


Maureen.

OK

Vince

 -----Original Message-----
From: 	Raymond, Maureen
Sent:	Thursday, January 10, 2002 5:25 PM
To:	Kaminski, Vince J
Cc:	'maureenraymond@houston.rr.com'
Subject:

This is to confirm 3 days vacation which you approved.  I will not be in Friday, Monday or Tuesday.

Thanks it's been nice working with you.

Maureen


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/16/2001
02:32 AM ---------------------------

"Stuart Ryan" <sryan@aesc.com> on 05/11/2001 06:10:19 PM
To: Steven.J.Kean@enron.com
cc:

Subject: Re: Conf Call on Mon., May 14

Hi Steve -

I won't be able to make the call on Monday.

I'd be happy to volunteer not to be on the negotiating team.  It sounds
like there's no shortage of people who want to be on the committee.

My big issue is default service.  This industry needs real customers and
the only way to get real customers is to get rid of default service.
Starting with big customers, along the lines of the core/non-core gas
model, is the best way to go.  The only way to sell this, however, is to
get the big customers to agree it's a good idea.

J. Stuart Ryan
AES Pacific
Suite 3300
100 Pine Street
San Francisco, CA   94111

office:  415 395 7887
mobile:  415 608 0080


Look at ENE 48.75. Easy money.

Chris


Start Date: 4/19/01; HourAhead hour: 4;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041904.txt


that was our plan but I am not sure whether UBS has the proper Canadian corporate structure to allow to do that yet

 -----Original Message-----
From: 	Forster, David
Sent:	Thursday, January 31, 2002 6:39 AM
To:	Zufferli, John
Subject:	FW: Physical Gas

John,

Can you confirm whether or not you guys had planned to launch physical gas from day 1?

Dave

 -----Original Message-----
From: 	Lambie, Chris
Sent:	Wednesday, January 30, 2002 6:58 PM
To:	Forster, David
Cc:	Cowan, Mike
Subject:	RE: Physical Gas

I have forwarded you e-mail to John Zufferli.  I don't know who in Canada had input into the Cdn. Operations timetable but I would have thought we would have wanted some physical day 1.  We have 5 of  8 traders here who are very, very, physical in what they have typically traded.  Hopefully John can give you some further insight.

Chris.

 -----Original Message-----
From: 	Forster, David
Sent:	Wednesday, January 30, 2002 5:17 PM
To:	Lambie, Chris
Subject:	Physical Gas

Chris,

Do you guys want to trade physical gas (and power?) from day 1?

If so, I note that Cdn. Operations timetable identifies this as a post day 1 item, as they think physical trades will not start until later.

Dave


Thank you for your request.

You will be notified via eMail when your request has been processed. You can
check the progress of your request by doing one of the following:
In the SRRS application, click on Requests I Have Made. A listing of recent
requests will be appear sorted by resource name.
Click on the Request Link below. This is a link to information regarding your
request.

Below is a summary of your request.

Requested For:  Tana Jones/HOU/ECT
Request Date:  4/14/2000 10:24:13 AM
Request Type:  Update Access
Request Link:

Requested Resources
Unlisted Lotus Notes Appliction

If you have any questions, please contact Information Risk Management at
35536


We just successfully bought out of the 02 OPPD capacity and energy obligation.   Therefore, we don't need to proceed with the diesel installation.

I have instructed Terri to make your group whole on any costs incurred pursuing the diesel development in Nebraska.

In addition, I would like to pursue an 02 LM6000 project inside Ameren (approx. 100-150 MW).   This would be a strategic asset to create a control area around and utilize the flexible interconnections Ameren has with multiple systems.   We also have significant retail load obligations behind IP and Ameren in Illinois.

thanks.


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
07/22/99 11:28 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  John D Suarez                           07/22/99 10:22 AM

To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Re: Performance review for David Portz

Mark, I apologize for not having responded sooner, however I have been in and
out of the office and did not see your email until yesterday.  Let me know if
you still need me to fill out David's performance review.

Thanks
John

	From:  Mark - ECT Legal Taylor                           07/09/99 02:44 PM

To: John D Suarez/HOU/ECT@ECT
cc:
Subject: Performance review for David Portz

My apologies for the late notice in requesting your performance review for
David Portz.  He was incorrectly listed in the system as an employee under my
supervision and I didn't see his suggested reviewer list until today.


-----Original Message-----
From: Buehler, Craig
Sent: Monday, October 15, 2001 2:15 PM
To: Dietz, Rick; Bodnar, Michael; Jones, Dana; Lohman, TK
Subject: Osama Movie

This is funny! Don't have your sound up too loud.

Click on the link below, then click "Watch this movie", then click "PLAY" after it loads.

http://www.newgrounds.com/portal/view.php?id=33641


Hector is this your area or Jeanie Slone.

Regards,
Frank

 -----Original Message-----
From: 	Carter, Tim
Sent:	Wednesday, January 30, 2002 4:38 PM
To:	White, Stacey W.
Cc:	De Jesus, Frank
Subject:	Letter of Resignation

Stacey,

I'd like to notify you that tomorrow, January 31st, 2002 will be my last day at Enron.  I am resigning to pursue another career opportunity.  It has been good working with you, and I wish you and your team all the best.

Tim Carter


Dear juan,

FriedWire Inc has just released a new version of our Traffic Report.  Below
is a snapshot of the new content:

NEW EMERGENCY MAPS-
We have added more than a hundred transmission elements (e.g. flowgates,
transformers, power plants now totaling over 500!)
to our geographic representation of TLR's and other market-moving
announcements.  To handle the increased resolution, we
have developed two new maps that replace the Emergency Constraints map,
providing even more information for users to easily
digest in a color-coded, geographic snapshot.

Now, the Emergency (TLR) map shows the entire U.S. with small white dots in
the background that represent all the flowgates
that are experiencing satisfactory conditions.  Overlaid are larger
color-coded dots signaling the flowgates that have some
TLR level associated with them.  The new TLR map will have greater
differentiation than the old one, with TLR levels from 1
to 6 represented.  When you click on one of the colored dots, you will see
the name of the element and the TLR level in a
pop-up box.  The Market Notices map still has the regions colored when there
is a market notice associated with them.  You
can click on a region and get a pop-up text box with the full text of the
regional notice.

CALIFORNIA ISO-
We have added the ability to look at the system frequency for a day or an
hour in the Frequency Monitoring in WSCC
(deviation from 60Hz) area of the System Summary page.

We have also added Generator Outages in California.  This lists all generator
outages, including unplanned and planned, with
additional data fields detailing the name, owner, and zone of curtailed units
plus the amount of capacity affected.

POWER FLOWS-
We now have more information displayed on the time series flow graph for each
intertie on the Intertie Profile screen under
the Power Flows tab.

When a transmission line or intertie is affected by a TLR request, the black
line on the time series graph (which represents
flow under normal conditions) is overlaid with a bold color corresponding to
what TLR the line is experiencing.  Thus, the
historical context provided by the graph for intertie flow over the past day,
week, month, or year, is even more intuitive
and informational with the help of easy-to-read color coding, reflecting TLR
history as far back as a year.  If you want
more information about the intertie's past TLR's, simply scroll down to the
history of market notices associated with that
physical transmission element.

We have also revisited the ways in which flow direction can be interpreted.
We now provide a clear picture of the magnitude
AND direction of power.

1.)  In the power flow time series graph, the limit of the intertie and the
flow on the intertie will now always show
consistent signs.

2.)  In the Power Flow Data table above the graph, the Flow MW will always
appear positive.  This flow magnitude is in fact,
the absolute value of the flow.  The Flow Direction, the left-most data field
on this row, is dynamic.  If the flow changes
directions, the text within that field will be modified accordingly.

3.)  The third place to get an immediate and intuitive sense of direction of
power flow is in the map to the left of the
graph on the Intertie Profile.  The arrow will always correspond to real-time
direction of power flow.

Look forward to a major new release soon.  We'll soon be rolling out links to
all OASIS nodes in our ATC tab, our new
flowgate impact calculator and more.

Take Care,

Bill Townsend
President
FriedWire Inc.


Clayton,

We can offer the seminar / discussion session on Monday, December 18,
at 3:30. Please, let me know if this would work.

Vince

	Clayton Vernon @ ENRON
	12/07/2000 01:55 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT
Subject: seminar on beyond ols

Vince-

George is fully enthusiastic for a seminar by Research on these ideas and
resource tools. Any afternoon is fine to him- we can probably push the time
up to 3:00 or so so everyone who needs to cheat to get away from work early
to go shopping can.

Clayton


just received from Duke - lets get together at 3:45 in my office to discuss.

Brian

 -----Original Message-----
From: 	"Kevin T Howell" <kthowell@duke-energy.com>@ENRON [mailto:IMCEANOTES-+22Kevin+20T+20Howell+22+20+3Ckthowell+40duke-energy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 14, 2001 3:22 PM
To:	Redmond, Brian
Subject:	counter offer

Brian

Please review and comment.

Thanks
Kevin

(See attached file: Counteroffer.doc)
 - Counteroffer.doc


We can talk about it at 10:00am, however, I do not think the split will work as you propose. The vast majority of the industrial process load uses more than 25 MW on peak which is and should continue to be the focus of ENA. The target companies and sites we will focus on down here will  average somewhere in the 10-20 MW peak range(remember, non-process load, aggregation of sites).

After EES bought back the minority shareholders, there has been increasing overlap in the marketplace between EES/ENA. The reasoning behind deliniating where and how each group will focus was to alleviate the external overlap, reduce any friction between the groups, and increase both groups productivity.

I don't think there should be any issue on the Fertilizer companies, but I'll doublecheck.

Talk to you at 10:00am.


FYI!  Elvis Energy is adding a new meter set to their existing contract.  The
meter will be at Bridgeport and is estimated to do about 15 dths a day.  The
meter number is not known at this time, but the well name is Eulah Shaw #1
and is located in Barbour County, WV.  Let me know if you have any questions.

Thanks,
Heidi


---------------------- Forwarded by John Arnold/HOU/ECT on 04/11/2000 04:57
PM ---------------------------

From:  Rudi Zipter
 04/08/2000 09:03 AM

To: John Arnold/HOU/ECT@ECT
cc: Vladimir Gorny/HOU/ECT@ECT, Minal Dalia/HOU/ECT@ECT, Sunil
Dalal/Corp/Enron@ENRON
Subject: Option Analysis on NG Price Book

John,

Several months ago we talked about the development of an option analysis tool
that could be used to stress test positions under various scenarios as a
supplement to our V@R analysis.  We have recently completed the project and
would like to solicit your feedback on the report results.

We have selected your NG price position for April 4, 2000 (POST-ID  753650)
for the initial analysis.  Attached in the excel file below you will find:

Analysis across the various forward months in your position

Underlying vs. Greeks, theoretical P&L
Volatility vs. Greeks, theoretical P&L
Time change vs. Greeks, theoretical P&L

Summary of your Overall Position analysis

Underlying vs. Greeks, theoretical P&L
Volatility vs. Greeks, theoretical P&L
Time change vs. Greeks, theoretical P&L

Multiple Stress Analysis

The attached Word document demonstrates the multiple stress choices.  I have
included a tab in the excel file that demonstrates the theoretical P/L
resulting from shifts in both volatility and underlying price.

Please note that the percentage changes across the column headers are not in
absolute terms (for example, if the ATM volatility in a given month is 40%
and the stress is -10% then the analysis is performed under a volatility
scenario of 36%)

Thanks,

Rudi


Thanks. I love you and miss you.

-----Original Message-----
From: Geaccone, Tracy
Sent: Thursday, November 15, 2001 12:54 PM
To: Harris, Steven
Subject: FW: Free Shipping & $1,300 in Savings

-----Original Message-----
From: Toysrus.com@toysrus.com [mailto:Toysrus.com@toysrus.com]
Sent: Wednesday, November 14, 2001 3:22 AM
To: tgeacco@enron.com
Subject: Free Shipping & $1,300 in Savings

HUGE HOLIDAY SAVINGS

Dear Toysrus.com Valued Customer,

Happy Holidays!

Celebrate with Toysrus.com's best values of the year and get this year's hot toys before they sell out.

For a limited time, come to Toysrus.com and take advantage of special Toys "R" Us Big Toy Book offers?

-       FREE SHIPPING!
-       Over $1,300 worth of exciting savings
-       FREE 2 ft tall plush Mickey or Minnie character - a $29.99 value - with any $100 purchase, while supplies last!

Just visit www.toysrus.com today and get all these great deals ...and more!

Plus, enjoy the web's best toy shopping experience and selection - from Learning & Discovery toys to Hot character toys including Harry Potter? and Monsters Inc., all the traditional favorites like Barbie
, LeapFrog
 and Milton Bradley? games and those hard to find video games.

We sincerely appreciate the opportunity to serve you and wish you and your family a safe and happy holiday season.

The Toysrus.com Family

We hope you enjoyed receiving this message. However, if you'd rather not receive future
e-mails of this sort from Amazon.com/Toysrus.com, please use the link below or click the Your Account button in the top right corner of any page. Under the Your Account Settings heading, click the "Update your communication preferences" link.

http://www.amazon.com/your-account


Barry,

Congratulations. Well deserved.

Vince


It was really fun.  Thanks so much for inviting us.  It was great to get to play together.  I'll get Scott a check for our share of the goodies.  Thanks again.

Best,
Jeff


Antelope is a project that we acquired last year from AES.  The project has land, some early permits, and a transmission queue position that we used at Pastoria.  Total consideration paid to AES was approximately $15MM, most of which was charged to Pastoria.  The resulting cost basis should be about $1.8MM plus the ERC's not used at Pastoria (approx. $6MM).  Over the next 4 months we will determine whether we want to pursue the project or, if not, write off the $1.8MM and sell/transfer the ERC's for a gain of $1.8MM+.

Coyote Springs was a project that we developed and sold in 2000.  It was a 280MW 7FA that we co-developed with Portland General and sold pre-construction to Avista for a $18MM promote.  There should not be any balance sheet exposure associated with it- we are done.

Louise Kitchen
04/16/2001 02:24 PM
To:	Christopher F Calger/PDX/ECT@ECT
cc:
Subject:	I'm cleaning up the balance sheet still and two new things next to your name

What are Antelope and Coyote Springs?

Thanks

Louise


Good job
----- Forwarded by Stacy E Dickson/HOU/ECT on 04/19/2001 09:08 AM -----

	r.dobson@pecorp.com
	04/19/2001 09:02 AM

		 To: Gregg.Penman@enron.com, jeffrey.t.hodge@enron.com,
Stacy.E.Dickson@enron.com
		 cc: m.klyasheff@pecorp.com, s.richman@pecorp.com
		 Subject: revised enovate - OXY master agreement

Gregg,

Per our conversation, attached is a revised draft Master Firm Purchase/Sale
Agreement between enovate and Oxy for your comment.  With respect to Mary's
last draft, I have changed Section 2.4 back to having enovate only sending
confirmations.  Other changes that were previously made by Mary were in
Section 2.3 which now allows either party can maintain recording equipment
and Section 8.2 which reinstated the original transfer language.

Let me know if you have other questions or changes to be made before it goes
back to OXY.  Thanks, Rich.

   <<oxy master K 04-19-01.doc>>

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

 - oxy master K 04-19-01.doc


This e-mail will confirm the site visit by your company at all three plants.
The relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for all three plants,
handling all questions and responses.  Should you have any due diligence
questions or require copies of any oversized documents, please contact me at
713.853.7998.

Ben Rogers


Kathy e-mailed me this morning and asked me to remind the group that we market for EL PASO ELECTRIC, not EL PASO ENERGY. Apparently this has caused some confusion for other utilities when (and if) we answer the El Paso phone line this way.

Thanks,
Kate


Good idea to prepare a list - we shouldn't distribute but push the discussion to cover them all.

But definitely put a list together.

Thanks

 -----Original Message-----
From: 	Vickers, Frank W.
Sent:	Tuesday, October 02, 2001 4:01 PM
To:	Kitchen, Louise
Subject:	Dinner

Louise, there are several universal issues that span the entire gas origination business.  I would like to put together a list of discussion topics for dinner to make sure that we table those items which are of most importance.  However, you may want the discussion to be more free flow.  If I pull together the topics it will be a list from all regions not just my own.  Would you prefer to take this in another direction or should I prepare the list ?

Frank


I always compile a contact list for Energy Operations during the holidays
(Thanksgiving, Christmas and New Years).  Just let me know who appropriate
contacts will be, especially for the DPR and MPR, during the dates that you
are out.  Sounds as if you should see a white Christmas!  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 10/10/2000 03:53 PM
---------------------------

	Enron North America Corp.

	From:  Shona Wilson @ ENRON                           10/09/2000 09:26 AM

To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT
Subject: vacation plans

Dear Sally,

I'd like to take vacation from December 15 - 26 to goto Canada.  Please let
me know if this doesn't fit for some reason.

Best regards,

Shona


This is just a reminder that there is a confidentiality agreement between ENA
and CES regarding the retail business that prohibits ENA wholesale from
discussing any aspect of the CES Retail business with EES.  If you receive
any calls from EES people about the CES retail business, please inform them
of this prohibition on discussions. If we receive consent from CEG/Nisource
at some point in time, I will let you know.  Thank you.

---------------------- Forwarded by Colleen Sullivan/HOU/ECT on 03/08/2000
08:18 AM ---------------------------

Patrick Conner
03/07/2000 02:46 PM
To: Ed McMichael/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT
cc:
Subject: CES Retail Energy Sale

I have confirmed after talking with Jeff Hodge that ENA and EES cannot
discuss anything regarding the CES retail business.  Both the CA and the
Retail Agreement have sections that explicity mention that  ENA has to keep
information confidential.   I talked with Jeff Golden, who is working on the
EES side and mentioned that there can be no discussions between EES and ENA
regarding the CES Retail business without first gaining the written consent
of Nisource/CEG.

Jeff - If I have misstated anything, please let me know.

Patrick


Please set a meeting for Mark Taylor and me wih ISDA.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 05/29/2001 06:32 PM -----

	Ruth Ainslie <RAinslie@isda.org>
	05/24/2001 07:42 PM

		 To: Mark Haedicke <Mark.E.Haedicke@enron.com>, Stacy Carey <SCAREY@ISDA.ORG>
		 cc: Ruth Ainslie <RAinslie@isda.org>
		 Subject: RE: Conference Calls

 Mark - thanks and thank you for Mark Taylor's London Conference draft
agenda as well.

All of your topics sound appropriate and significant. Clearly, this is an
ambitious agenda, which I assume contemplates a series of meetings over the
next months.  Also, the issue of updating the 1993 Commodity Definitions
comes up from time to time and we'd like to hear your thoughts re taking on
this very large project.

We had talked about meetings every two months - should they be more
frequent?.

We'd much like to have a very brief call to discuss all this further next
week and to schedule the next meeting.  Could you suggest a 15-30 minute
period that works for you?

Regards, Ruth

-----Original Message-----
From: Mark.E.Haedicke@enron.com
To: SCAREY@ISDA.ORG
Cc: rainslie@isda.org
Sent: 5/24/01 6:52 PM
Subject: Re: Conference Calls

Stacy and Ruth:

I propose the following agenda for the NA energy committee:

1.  convergence of commodity forms -- need to build a team to pursue
this
2.  California energy issues/solutions
3.  standardized provisions for master energy contracts -- setoff,
netting,
termination, etc.
4.  bankruptcy
5.  CFTC study of retail derivatives
6.  emerging market forms for paper, steel, etc.

Mark Taylor will send a list of proposed topics for the European
conference.  Let me know what you think.

Regards,

Mark Haedicke

                    Stacy Carey

                    <SCAREY@ISDA.        To:     Mark Haedicke
<Mark.E.Haedicke@enron.com>
                    ORG>                 cc:     Ruth Ainslie
<RAinslie@isda.org>
                                         Subject:     Conference Calls

                    05/23/2001

                    11:36 AM

Hello Mark -- given our e-mail traffic the last couple of days I wanted
to
quickly summarize our thoughts on next steps:

1.  Conference call - Mark, Ruth and Stacy re: agenda for NA Energy
Committee
2.  Conference call - Mark, Ruth, Stacy, Christophe, Katia, John re:
coordination of committee activities and agenda for December conference

Depending upon your schedule, we hope to try to get these calls
scheduled
either this week or early next week.

Many thanks!  -- Stacy

-----Original Message-----
From: Stacy Carey
Sent: Tuesday, May 22, 2001 3:57 PM
To: Mark Haedicke
Subject: European Energy Committee Meeting

Hello Mark -- The European Energy Committee meeting was held in London
today. The attached documents, including the agenda, a memo on the
Bridge
agreement, and a copy of the Bridge agreement, were reviewed at this
morning's meeting.

Much of the discussion focused on explanation of the Bridge Agreement.
There
was some discussion about the German regulatory structure and the bridge
agreement.  Katia ran through the agenda in Houston and asked for ideas
on
December conference.  I was not able to hear all of the questions
entirely
but questions were asked about the outcome of the meeting.  Katia and
Christophe explained that it was a forum to exchange ideas and to
promote
use of ISDA within industry. The minutes should give us more detail.

In addition to a call re: the NA agenda, I think it would be worthwhile
to
also have a call w/Christophe, Katia and John Berry to discuss European
activities and to begin discussion on the December agenda. ISDA should
begin
to focus on an agenda as soon as possible so that we assure December's
conference is as productive as the Houston conference.  Thanks!

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


Kim, what day?


At 3:30 CST we will announce that we are anticipating lower revenue and
earnings in the fourth quarter.  Attached is the press release that we will
issue as well as the text of Michael's remarks in the conference call that
will follow.

You may access the 4:00 CST (5:00 EST) conference call 712-271-0807,
password "board."

The Board and management team will talk at length on Thursday about the
results to date for the fourth quarter, the outlook for the remainder of the
quarter, general market conditions, and the expectations for 2001.

Linda

>  <<December 12 2000 (Compaq Lowers Fourth Quarter Revenue and Earnings
> Expectations).doc>>  <<Preannounce-MC.doc>>
> -----Original Message-----
>

 - December 12 2000 (Compaq Lowers Fourth Quarter Revenue and Earnings
Expectations).doc
 - Preannounce-MC.doc


pls print up.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/10/2000
09:14 AM ---------------------------

"Jeffrey C. Alexander" <Jalexander@Gibbs-Bruns.com> on 07/10/2000 08:35:11 AM
To: "Barrett H. Reasoner" <Breasoner@Gibbs-Bruns.com>, "Caren S. Sweetland"
<csweetland@Gibbs-Bruns.com>
cc: "'dfossum@enron.com'" <dfossum@enron.com>, "'bdavis@enron.com'"
<bdavis@enron.com>

Subject: Revised Motion for SJ

Here is a revised version of the Motion for Partial Summary Judgment.  I
think this one is close to final, depending on comments.  Let me have any
comments you have.  Thanks.

 <<1XDW01!.WPD>>

 - 1XDW01!.WPD


<<3_%CV01!.DOC>> This e-mail message may contain legally privileged and/or
confidential information. If you are not the intended recipient(s), or the
employee or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination, distribution or
copying of this e-mail message is strictly prohibited. If you have received
this message in error, please immediately notify the sender and delete this
e-mail message from your computer.
 - 3_%CV01!.DOC


----- Forwarded by Sandra McCubbin/NA/Enron on 05/29/2001 11:21 AM -----

	Susan J Mara
	05/29/2001 08:29 AM

		 To: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron
		 cc: Mark Palmer/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Richard B
Sanders/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Paul
Kaufman/Enron@EnronXGate, Susan M Landwehr/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, Robert Frank/NA/Enron@Enron
		 Subject: FW: Bill Lockyer -- Citizen complaint to CA Bar

Karen, Rick,

Don't know how he got my e-mail or how many people at Enron received this.
May I respond and thank him for his support?

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/29/2001 08:22 AM -----

	"McBride, MD William" <WilliamM@sjhs.org>
	05/28/2001 02:03 PM

		 To: "'smara@enron.com'" <smara@enron.com>
		 cc:
		 Subject: FW: Bill Lockyer

I am a private citizen with no direct financial interest in the energy
situation in California. However, I possess what is probably an average
sense of decency regarding public behavior and was outraged to read the
public comments of Californian Attorney General, Bill Lockyer, in the Wall
Street Journal regarding your CEO. I am not hopeful that much will come of
my complaint to the State Bar of California regarding Mr. Lockyer's behavior
but feel better for asking the Bar to examine Mr. Lockyer's shameful
behavior.

-----Original Message-----
From: McBride, MD William
Sent: Monday, May 28, 2001 2:40 PM
To: 'jwilcox1967@earthlink.net'
Subject: Bill Lockyer

Dear  Sir

I have filed a formal complaint with the California State Bar regarding
Attorney General Bill Lockyer and his violation of the Professional Rules of
Conduct, specifically Rule 5-100. This can be viewed at
"http://www.calbar.org/pub250/s0033.htm. I am attaching a copy of my
complaint. I will be happy to keep you informed of the response of the Bar
committee.

William McBride <<Office of Chief Counsel.doc>>

 - Office of Chief Counsel.doc


Maybe we can have Schwartz interview them on the next day (Friday) so that we
give him one shot at them with some ability to control the questions. Let me
know what you think.

	SHoward@milbank.com
	06/13/2000 06:01 PM

		 To: Richard.B.Sanders@enron.com
		 cc: linda.guinn@ect.enron.com
		 Subject: McConville and Barth Interviews

Richard:

Roland and I are currently scheduled to arrive in Houston (i.e., the airport)
next week at 12:30pm on Wednesday and depart at 5:30pm on Thursday.? There
are lots of flights, so we can certainly come sooner and leave later if that
is desirable.

I talked to Mike Swartz.? He does understand that he is to ask only questions
designed to prepare him for depostions of Busse and Nolan of Steel
Dynamics.?? I told him that he might be asking questions by himself, or he
might be in with other lawyers.? (He seemed surprised that other lawyers
might be there.)

If we can work it out, I think it would be best to have Kevin and Brian
interviewed by Swartz separately rather than with other lawyers.? If Mike is
in the large group interviews, I fear that we will not, as a practical
matter, be able to draw the kinds of lines that we would like to.? For
example, I would just as soon not have Farallon's counsel present when Kevin
or Brian addresses the questions in Robins, Kaplan's letter of 6/13 that I
just received.

Steve

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.


Please forward this to all ETS lawyers.  DF

All:  Please take a look at this article.  El Paso's inartful internal
documents are creating the same kind of fun for them that Microsoft had
during the recent antitrust unpleasantness.  I know that we can't control the
way people think about issues such as market behavior, price strategy, etc.
We can, however, remind ourselves and our clients to be very precise and
careful in the way we talk about, and particularly, write about, such
issues.  I'd like each of us and our clients to keep problems like El Paso's
and Microsoft's in mind when we put pen to paper or fingers to keyboard.
Thanks.  df

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/27/2001
12:06 PM ---------------------------

Business/Financial Desk; Section A
Deal for Use of Gas Pipeline Stirs Dispute on Competition
By RICHARD A. OPPEL Jr. and LOWELL BERGMAN

03/26/2001
The New York Times
Page 1, Column 4
c. 2001 New York Times Company

Early last year, the El Paso Natural Gas Company took bids from two dozen
companies for the right to ship enough natural gas through its pipeline from
Texas and New Mexico to meet one-sixth of the daily demand of energy-starved
California.
The winner: El Paso's sister company, the El Paso Merchant Energy Company,
which buys, sells and trades natural gas. The bidding was not close. El Paso
Merchant offered twice as much for the capacity as the other companies bid,
in total, for bits and pieces.
Why pay so much more? California officials, who are pressing a complaint
against El Paso at the Federal Energy Regulatory Commission, say the answer
is simple. The state contends that El Paso Merchant, with help from its
sister company, saw the transaction as a way to manipulate the price of
natural gas by using its control of pipeline capacity.
According to sealed documents obtained by The New York Times that are part of
filings in the federal case, executives at El Paso Merchant said internally
that the deal would give them ''more control'' of gas markets, including the
''ability to influence the physical market'' to benefit the company's
financial positions.
El Paso executives called the accusations fanciful, and in a formal response
to California's complaint, said the state ''grossly distorted'' company
documents by quoting words and phrases out of context.
The dispute opens a window on an important debate about oversight of the
natural gas industry, which fuels a growing share of the nation's electric
power plants.
At issue is whether current safeguards do enough to prevent anticompetitive
abuses in the marketing and trading of natural gas, and whether federal
regulators adequately enforce existing rules. In particular, many industry
officials question whether regulated pipeline companies are able to favor
unregulated sister companies that trade natural gas and are free to maximize
profits.
More than 200,000 miles of interstate pipelines crisscross the country,
moving natural gas from Canada, the Southwest and other producing regions to
fuel factories, power utilities and heat houses.
Not long ago, many parts of the country had excess pipeline capacity. But
experts say that several regions, including California, New York and New
England, now face constraints as demand soars for gas to fuel power plants.
In California, state officials and utility executives said the documents in
the federal case, and El Paso's actions, were proof that the state's energy
crisis stemmed not just from an ill-conceived deregulation plan but from
price manipulation and profiteering.
''They are the market maker with this pipeline,'' said Loretta Lynch, the
president of the California Public Utilities Commission, which has struggled
to cope with skyrocketing power prices and supply shortages.
El Paso ''sets the price in California,'' Ms. Lynch said, and what it did was
intentional. ''It has affected the price,'' she said, ''for everything
related to heat and electrical power prices in the state.''
California's complaint to the federal agency contends that El Paso Merchant
''has hoarded capacity and refused to attractively price unused capacity'' on
the pipeline. The state also charges that El Paso Natural Gas, the pipeline's
owner, has had no incentive to spur competition, by offering discounts to
other users, because the two companies are corporate siblings. The state said
that El Paso had violated federal natural gas statutes that prohibit
anticompetitive behavior.
The sealed filings in the El Paso case indicated that the company expected to
make money by widening the ''basis spread'' -- the difference between what
gas can be bought for in producing basins of Texas and New Mexico, at one end
of the pipeline, and its price on delivery to Southern California.
As it turned out, spreads widened enormously over the last year as the price
of gas soared in California, adding to costs for wholesale electricity that
pushed the biggest utilities near bankruptcy. California utilities paid $6.2
billion above competitive prices for wholesale electricity over the last 10
months, state officials estimated. The utilities are not allowed to recoup
the costs from customers. While the cost of 1,000 cubic feet of gas typically
is less than $1 higher at the California end of the pipeline, spot prices in
the state rose to almost $50 more than the Texas-New Mexico price in
December.
To executives of the parent company, the El Paso Corporation, the accusations
of market manipulation are ludicrous.
High gas prices in California, El Paso executives said in interviews, are
easily explained by soaring demand, the poor credit standing of the state's
utilities and the failure of the utilities to retain pipeline capacity or
store enough gas for winter.
''The idea that anybody is holding back on California is really ridiculous,''
said Clark C. Smith, president of El Paso Merchant's operations in North
America.
Some El Paso customers, though, agreed with California officials. The Pacific
Gas & Electric Company, the San Francisco-based utility, condemned El Paso in
a filing with the federal agency after its lawyers reviewed the sealed
company documents.
''It is now very clear from the business records of El Paso Energy
Corporation,'' the utility said in the filing, ''that the business strategy
El Paso Merchant was authorized at the highest corporate levels to pursue
involved manipulation of price spreads.''
The agency has not ruled on California's complaint, which asks that the deal
between El Paso Natural Gas and El Paso Merchant be invalidated. Based on the
agency's history of policing energy providers lightly, many industry
observers predicted that the complaint would be dismissed, perhaps as soon as
the agency's public meeting on Wednesday.
Nonetheless, El Paso Merchant is feeling some pressure. The subsidiary said
recently that it planned to relinquish control of all but about 22 percent of
the capacity on the pipeline to California, rather than exercise an option
that would have allowed it to retain the entire capacity of 1.2 billion cubic
feet of gas a day.
Critics said they believed El Paso made the move in hopes of lessening the
chance of government action. El Paso executives deny that but do say that
their decision was influenced by the backlash over the arrangement.
Surrendering the pipeline capacity made for a ''gut-wrenching'' decision, Mr.
Smith said, but was ''a first-class gesture'' to California. El Paso Merchant
paid $38.5 million to control the pipeline capacity from March 1, 2000, until
May 31, 2001. While Mr. Clark said he did not know the return on that
investment, he acknowledged that it was lucrative.
''No doubt about it,'' Mr. Clark said, ''we made good money.''
The question of whether El Paso's conduct has driven gas prices higher is
expected to be scrutinized by legislators in Sacramento this week. The
company also faces several lawsuits, including one by the city of Los
Angeles, that accuse it of conspiring with other companies to prevent
pipeline projects that could have eased California's energy crisis. El Paso
denied the accusation.
With pipeline capacity and gas supplies tighter, concerns about
anticompetitive behavior have increased as price volatility has created
soaring profits for energy marketers and traders.
Dynegy Inc., a Houston-based energy trader, was once the target of complaints
to federal regulators that it had artificially raised prices by abusing
capacity that it controlled on El Paso's pipeline to California.
In a filing with regulators in January, Dynegy contended that pipeline
companies routinely favored affiliates. ''Abuses abound because of financial
windfalls, difficulty of detection, lengthy investigations and increased
complexity of the market,'' the company said.
''There are some red flags right now,'' said William L. Massey, a member of
the Federal Energy Regulatory Commission since 1993. Mr. Massey said he was
troubled by the potential for abuses when pipeline companies own gas and
power marketing subsidiaries as well as electric plants fueled by natural
gas. El Paso is in all those businesses.
''What the commission ought to be serious about is: What are the forces at
work? Is it simply robust markets responding to true supply-and-demand
signals, or is it a market defined by market power and some measure of
affiliate abuse?'' he said.
Many in the industry do not believe changes are needed.
''There are rules in place today that protect against affiliate abuse,'' said
Stanley Horton, chief executive for gas pipeline operations at the Enron
Corporation and chairman of the Interstate Natural Gas Association of
America, the industry's trade group, referring to the rules under which
California has brought its complaint about El Paso.
To its critics, El Paso epitomizes the competitive concerns. It operates the
nation's largest network of interstate pipelines and owns one of the largest
reserves of natural gas. With its recent acquisition of the Coastal
Corporation, another large pipeline operator, El Paso has a market
capitalization of $32 billion.
At a conference at El Paso headquarters in Houston in February, analysts
heard executives predict net profits of $1.7 billion this year. El Paso's
much better known rival, Enron, with its headquarters a few blocks away, is
expected to earn about $1.4 billion.
El Paso Merchant provides the strongest growth. Two years ago, the unit's
profits, before interest payments and taxes, were $99 million; this year, it
is expected to have $700 million in North America alone. In its latest
quarterly report, El Paso attributed those profits, in part, to ''commodity
market and trading margins'' that were enhanced by ''power price volatility,
particularly in the Western United States.''
Critics contend that El Paso set out to exploit those conditions. According
to the sealed filings, on Feb. 14, 2000, the day before El Paso Merchant was
awarded the pipeline capacity, executives made a presentation to William A.
Wise, chief executive of the parent company, laying out the rationale for the
bid.
The presentation outlined what it termed ''strategic advantages,'' including
''more control of total physical markets'' and the ''ability to influence the
physical market to the benefit of any financial/hedge position,'' according
to the sealed filings. The passages suggested that El Paso expected the deal
to give it sway over the market for trading actual volumes of gas and to
support financial transactions it had entered into with other parties to
limit its risk.
For every one-cent increase in the spread on gas prices, the presentation
said, El Paso Merchant stood to make an additional $2.4 million.
Under the heading ''Challenges,'' according to the sealed filings, the
presentation stated that storage was needed ''to help manipulate physical
spreads, adding to the overall transport/storage cost.''
On April 14, according to the sealed filings, El Paso Merchant's president at
the time, Greg G. Jenkins, wrote a memorandum to Mr. Wise involving an update
for directors meeting later that month. The memorandum stated: ''We will make
money two ways: 1) increase the load factor, 2) widen the basis spread.''
The language appears to suggest that El Paso Merchant would profit by
increasing the gas flow in the pipeline -- the load factor -- while
increasing the difference between what gas could be bought for at one end and
what it could be sold for at the other end -- the basis spread.
In an interview, Mr. Smith, the El Paso Merchant executive, said that the
unit's prices, and profits, on bulk gas sales in California were locked in
months in advance, so that the company could not benefit from rising prices
in the spot market.
Otherwise, Mr. Smith declined to provide any details about money made on the
pipeline deal or about financial terms of the transactions that locked in
prices ahead of time. In addition, Mr. Smith said that nearly all of El Paso
Merchant's pipeline capacity was used every day when prices spiked late last
year, with no capacity withheld to increase prices.
The company did not respond last week to a request to discuss information in
the sealed documents. But El Paso Merchant, in a filing with federal
regulators, said California's complaint had ''misconstrued and incorrectly
interpreted'' what it termed ''snippets of data.''
About This Report
This article and others on California's energy problems are part of a joint
effort with the PBS series ''Frontline'' that will result in a documentary
later this year.

Photo: The El Paso Natural Gas pipeline passes near Topock, Ariz. A dispute
over bidding for its use has spurred a debate about oversight of the
industry. (John Gurzinski for The New York Times)(pg. A17) Chart: ''Boom
Times'' Operating revenue and net income soared last year at the El Paso
Corpor 2/3ation, which sells, transports and trades natural gas. Graphs of
the operating revenue and the net income for the El Paso Corporation.
(Source: Company reports)(pg. A17) Chart: ''A Spike in Prices'' The spot
price for natural gas produced in the Permian Basin of West Texas doubled
last year. But the price that power generators paid when the gas was
delivered to Southern California rose almost 10-fold. State regulators say
the gap is evidence of market manipulation. Graph showing the spot price of
gas delivered to Southern California and the spot price of gas bought in the
Permian Basin, from September to March. (Source: Gas Daily)(pg. A17)

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


Please find attached the final draft of the Sydney/Singapore presentations
for you review and distribution.  Thank you.


tracy...i do not think this is truly critical enough for wasaff...we just need to get it teed up for payment...then on its way to colorado
bob chandler or carolyn ...do you know if this has moved forward from hayslett's okay?

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Friday, February 08, 2002 8:34 AM
To:	Saunders, James; Rittgers, Dan; Centilli, Carolyn
Cc:	Russo, Gavin; Chandler, Bob; Cobb Jr., John; Zahn, Gary; Kilmer III, Robert; Lokey, Teb; Hayslett, Rod
Subject:	RE: Transwestern Pipeline Payment Under Protest (Confirmed PAYMENT BY MAIL ONLY   -  $356,736.95)

has this been input into SAP or do we need to go to Wasaff on this?

 -----Original Message-----
From: 	Saunders, James
Sent:	Thursday, February 07, 2002 4:23 PM
To:	Rittgers, Dan; Centilli, Carolyn
Cc:	Russo, Gavin; Chandler, Bob; Cobb Jr., John; Zahn, Gary; Kilmer III, Robert; Lokey, Teb; Hayslett, Rod; Geaccone, Tracy
Subject:	RE: Transwestern Pipeline Payment Under Protest (Confirmed PAYMENT BY MAIL ONLY   -  $356,736.95)

it was approved today...it won't get paid tomorrow

 -----Original Message-----
From: 	Rittgers, Dan
Sent:	Thursday, February 07, 2002 4:20 PM
To:	Centilli, Carolyn
Cc:	Russo, Gavin; Chandler, Bob; Cobb Jr., John; Zahn, Gary; Kilmer III, Robert; Lokey, Teb; Saunders, James; Hayslett, Rod; Geaccone, Tracy
Subject:	RE: Transwestern Pipeline Payment Under Protest (Confirmed PAYMENT BY MAIL ONLY   -  $356,736.95)

Due date is tomorrow ASAP.

Please, call me at Ext 35734 or Sandy Rodriquez Ext. 17183 for pick up and mailing.

Below is the Mailing Address for the Subject:

C/O Dee Malonson
Colorado Department of Revenue
Room 522
1375 Sherman ST
Denver CO 80261

Dan Rittgers

 -----Original Message-----
From: 	Saunders, James
Sent:	Thursday, February 07, 2002 7:45 AM
To:	Hayslett, Rod; Geaccone, Tracy
Cc:	Rittgers, Dan; Russo, Gavin; Chandler, Bob; Cobb Jr., John; Zahn, Gary; Kilmer III, Robert; Lokey, Teb
Subject:	FW: Transwestern Pipeline Payment Under Protest (Confirmed PAYMENT BY MAIL ONLY   -  $356,736.95)

Rod and Tracy,

As a result of a state of Colorado audit TW has been assessed tax (+penalties and interest) for compressor fuel use ($.4mm), and on the purchase of a La Plata facility ($1.3mm). We are protesting. However, it has been recommended, and I concur, that we pay
the compressor fuel use assessment ("under protest") to stop interest accruals on the use tax assessment. We believe the sales tax assessment is at best -weak- and therefore do not recommend any payment.

We're requesting approval to cut a check to the Colorado Dept of Revenue for $356,736.95.
This payment would be a deferred expense until the protest is fully resolved.

 -----Original Message-----
From: 	Rittgers, Dan
Sent:	Wednesday, February 06, 2002 4:40 PM
To:	Saunders, James
Cc:	Chandler, Bob; Zahn, Gary; Russo, Gavin
Subject:	Transwestern Pipeline Payment Under Protest (Confirmed PAYMENT BY MAIL ONLY   -  $356,736.95)

Thank you for your time today.  I have confirmed that the payment under protest amount is $356,736.95 calculated as follows:

Transwestern Pipeline - Colorado Sales & Use Tax
Payment Under Protest - Compressor Fuel
For Period September 1996 to July 2001

	Consumer Use	County Sales	Total
Normal Tax	 $      185,626.00 	 $      109,037.00 	 $      294,663.00
Normal Interest	          54,594.76 	          28,181.67 	 $        82,776.43
	 $      240,220.76 	 $      137,218.67 	 $      377,439.43
Less 1/2 discount	         (13,669.15)	           (7,033.33)	         (20,702.48)
Payment Due	 $ 226,551.61 	 $ 130,185.34 	 $ 356,736.95

Confirmed 2/06/2002 with D. Malonson at (303) 866-3083

Check Reference Description should include:

	Colorado Notice Number 0240300178948
	Colorado Account: L 80-30571-000   (Compressor Fuel)

We would like to include check number in our transmittal, when known.

We do not have to pay the $1.2 Million for the purchase of the Compressor Station.

Dan Rittgers
(713) 853-5734


attached is the template


Thanks for fixing that stuff, Stan. Do you need me to autoschedule the deals?

Kate

Stanley Cocke
04/19/2001 09:16 AM
To: Audrey Cook/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT, Godfrey Hyde/ENRON@enronXgate, Chris H
Foster/HOU/ECT@ECT, Melissa K Ratnala/HOU/ECT@ECT, Chris Stokley/HOU/ECT@ECT

Subject: Re: Automated Power Exchange - April, 2001 Checkout Issues

Audrey,

Concerning deal #579038:  This was a mistake on my part, the price should in
fact be $80 (as the APX is showing).  I've fixed the price in Enpower.

Concerning deal #581335:  This trade did take place between Enron and Sierra
Pacific Industries (not the APX).  I mistakenly put that deal in under the
wrong counterparty.  I've fixed the counterparty in Enpower.

I will ask Fran Chang to autoschedule both deals.  Let me know if I need to
do anything further.

Thanks,
Stan

Audrey Cook
04/19/2001 08:50 AM
To: Kate Symes/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT
cc: Godfrey Hyde/ENRON@enronXgate, Chris H Foster/HOU/ECT@ECT, Melissa K
Ratnala/HOU/ECT@ECT, Chris Stokley/HOU/ECT@ECT
Subject: Automated Power Exchange - April, 2001 Checkout Issues

Kate & Stan,
Deal #579038.1
Enron is showing $85 for the offpeak load on 4/13 & 4/14..... APX is showing
$80 for offpeak on 4/13 & 4/14....please verify and correct if necessary.  I
have also attached APX invoice per the internet website below for both days.

Deal 581335.1
APX is currently not showing that this deal occurred for 4/16 for offpeak
load (see screen  below at the bottom).  Please verify if this is some other
c/p's deal.  Thanks.

ajc

Note:
Please include Godfrey Hyde on your response since I will be out of the
office on leave beginning Monday.  Thank you.

54


Good afternoon.
We have recieved significant amounts of congestion revenue on real-time for 11/13. Please use the inc sheet or CAPS to settle in the morning. The inc sheet has correct pricing and schedule ID's.

Thanks,
Bill


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 02/02/2000
08:48 AM ---------------------------

troy_a_benoit@reliantenergy.com on 02/02/2000 08:12:54 AM
To: Ami Chokshi/Corp/Enron@ENRON
cc:

Subject: INCREASE VOLUME INTO MIDCON

(See attached file: HPL-Feb.xls)

 - HPL-Feb.xls


Steve, please add Victor and myself to your email distribution.  If you have
any questions my phone number is 713-853-4743.

Thanks
Chris Germany
---------------------- Forwarded by Chris Germany/HOU/ECT on 11/30/2000 10:02
AM ---------------------------

Nelson Ferries@ENRON
11/30/2000 09:41 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Dec. 00 Estimate

---------------------- Forwarded by Nelson Ferries/Corp/Enron on 11/30/2000
09:40 AM ---------------------------

smccracken@colcnr.com on 11/27/2000 03:25:25 PM
To: Alvin.thompson@enron.com, Sabra.L.Dinari@enron.com
cc: Nelson.Ferries@enron.com

Subject: Dec. 00 Estimate

(See attached file: December 2000 Projection.doc)

 - December 2000 Projection.doc


Below is a revised presentation from the EOL team that should have the most
updated slides for MEH's online presentation that you are working on.
----- Forwarded by Tana Jones/HOU/ECT on 10/24/2000 04:08 PM -----

	David Forster@ENRON
	10/24/2000 12:25 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: EnronOnline Public Report for October 20, 2000

---------------------- Forwarded by David Forster/Corp/Enron on 10/24/2000
12:25 PM ---------------------------

Leonardo Pacheco
10/23/2000 06:22 PM
To: Mark Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Mark
Taylor/HOU/ECT@ECT, Jackie Gentle/LON/ECT@ECT, Rob Bradley/Corp/Enron@ENRON,
David W Delainey/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT,
Bryan Seyfried/LON/ECT@ECT, Rick Buy/HOU/ECT@ECT, Greg
Piper/Corp/Enron@Enron, Fred Lagrasta/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Michael McDonald/SF/ECT@ECT,
Grant Oh/CAL/ECT@ECT, Harold Bertram/HOU/ECT@ECT, Cary M
Carrabine/Corp/Enron@Enron, Edward Ondarza/HOU/ECT@ECT, Mark
Tawney/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Max
Yzaguirre/NA/Enron@ENRON, Greg Wolfe/HOU/ECT@ECT, Brian
Bierbach/DEN/ECT@Enron, Brian Redmond/HOU/ECT@ECT, Kathryn
Corbally/Corp/Enron@ENRON, Stuart Staley/LON/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Peter Bradley/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT,
John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, George
Wasaff/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Meredith
Philipp/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Lisa
Lees/HOU/ECT@ECT, Mary Gopalan/LON/ECT@ECT, Kal Shah/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Michael
Danielson/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Mark
Pickering/LON/ECT@ECT, Don Cornwell/Corp/Enron@Enron, Richard
Shapiro/HOU/EES@EES, Stephanie Miller/Corp/Enron@ENRON, Anthony
Dayao/HOU/ECT@ECT, Ricardo Lisboa/SA/Enron@Enron, Remi
Collonges/SA/Enron@Enron, Katrin Haux/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Suryan Wirya Simunovic/LON/ECT@ECT, Mark Frevert/NA/Enron@Enron, James A
Ajello/HOU/ECT@ECT, Ted Seitz/Enron Communications@Enron Communications, Jim
Crowder/Enron Communications@Enron Communications, Mitch Olson/Enron
Communications@Enron Communications, John McClain/Enron Communications@Enron
Communications, Bill Abler/Enron Communications@Enron Communications, Emily
Wander/Enron Communications@Enron Communications, Jay Hawthorn/Enron
Communications@Enron Communications, Jeff Bartlett/HOU/ECT@ECT, Jonathan
Whitehead/AP/Enron@Enron, Alan Engberg/HOU/ECT@ECT, Joseph P
Hirl/AP/ENRON@ENRON, Thomas D Gros/NA/Enron@Enron, Iona Maclean/LON/ECT@ECT,
Jeff Kinneman/HOU/ECT@ECT, Jez Peters/LON/ECT@ECT, Samuel
Grossman/LON/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Allan Sommer/Corp/Enron@Enron,
Jeannie Mandelker/HOU/ECT@ECT, Elizabeth Linnell/NA/Enron@Enron, Alhamd
Alkhayat/NA/Enron@ENRON, David Oxley/HOU/ECT@ECT, John E
Bowman/ENRON@Gateway, Carrie A Robert/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, Henry Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cedric
Burgher/Corp/Enron@ENRON, Jason Seigal/LON/ECT@ECT, Andrew
Wilson/Corp/Enron@ENRON
cc: Louise Kitchen/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Amita
Gosalia/LON/ECT@ECT, David Forster/Corp/Enron@Enron, Rahil Jafry/HOU/ECT@ECT,
George Hope/HOU/ECT@ECT, Heather Alon/HOU/ECT@ECT, Erica
Bess/Corp/Enron@ENRON, Justin Rostant/HOU/ECT@ECT, Tammie
Schoppe/HOU/ECT@ECT, Adriane Moratto/NA/Enron@Enron

Subject: EnronOnline Public Report for October 20, 2000

Please find attached the current copy of the EnronOnline Weekly Public Report
and Key Messages, including slides and statistics for public consumption.
The information contained in the attachments can be communicated to audiences
outside the company and should be used to ensure that we present a consistent
message to the public. Please ensure that this email is distributed to anyone
in your group who needs to discuss EnronOnline with individuals outside the
company.

This report is not intended to be used as a stand-alone presentation, nor
that all the information be used in a single presentation or customer
communication.


Kim,
 Is the attached what you intended for me to review?

	Kim Ward
	03/14/2001 03:18 PM

		 To: Dan Hyvl
		 cc:
		 Subject: palo alto RFP response

ROUGH Draft!!

Thanks for your review and help!!

kim


Sean Crandall just changed both of these deals. 464181 should have been a
buy, and 464182 should have been a sale. Hope that checks out correctly - we
couldn't find Diana Scholtes anywhere.

Thanks,
Kate


Kathy Clark as EECC has the electronic version of the turbine contract. Rob
Taylor at Andrew & Kurth probably has the electronic files for the other
document.  Rose Engeldorf might have the electronic files as well.

Kay

	Enron Global Finance

	From:  Catherine Clark @ ECT                           10/17/2000 07:02 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: electronic documents for WestLB/TurboPark

Kay,
I'm working with Lisa Bills on the Turbo Park facility.  All the West LB
documents that I have are in bound volumes, and I'm constantly being asked
for copies of sections.  Do you happen to have any final documents in an
electronic format?  If not, can you point me toward someone who might have
these files?  Lisa has several documents, but she is not sure they are the
final version...
Any help would be greatly appreciated.  Thanks!
-Catherine
x3-9943


Greetings from Amazon.com.

We wanted to let you know that there is a delay with one or
more items in the order you placed on November 18 2001 08:16 PST
(Order# 102-9335707-9675313).

You'll need to approve this delay so that we can continue processing
this part of your order. To do so, visit the following Order Update
page in Your Account:

http://www.amazon.com/o/ya/D86SFF4RVTAPWP/

If clicking the above link doesn't work, you can copy and paste the
link into your browser's address window, or retype it there.

You can also access this Order Update page by clicking the Your Account
button in the upper right corner of any page at Amazon.com.  Once there,
you can make changes to unshipped orders, cancel unshipped items, track
shipped packages, modify your account settings, and do much more.

Please note: This e-mail was sent from a notification-only address
that cannot accept incoming e-mail. Please do not reply to this message.

Thanks for shopping at Amazon.com, and we hope to see you again.

Sincerely,

Customer Service Department
Amazon.com
http://www.amazon.com
Earth's Biggest Selection


Janie Tholt called Dynegy because of the .12 cent spread between SJ EOL and SJ ICE.  The Trader at Dynegy said that they were busy training two schedulers to trade cash, and that arbing the market was not the message they wanted to send to them.  They would like to focus on the "Big Picture" instead.

We tried.

Grigsby


Please format and print the attachment on my small Enron letterhead.  Thank you.