From OpinionJournal.com (http://opinionjournal.com)

TODAY ON OPINIONJOURNAL

On the Editorial Page
http://www.opinionjournal.com/editorial/?id=95001723

Another Whitewater? Yippee!!

12:01 a.m. EST

Thinking Things Over BY ROBERT L. BARTLEY
http://www.opinionjournal.com/columnists/rbartley/?id=95001724

President Bush may usher in a new political era.
12:01 a.m. EST

Afghan Dispatch BY NANCY DEWOLF SMITH
http://www.opinionjournal.com/columnists/nsmith/?id=95001722

A visit to the home of the top Talib.
12:01 a.m. EST

From the Editor BY JAMES TARANTO
http://www.opinionjournal.com/columnists/jtaranto/?id=95001721

Our readers explain it all to Colin Powell.
12:01 a.m. EST

FOR WALL STREET JOURNAL ONLINE SUBSCRIBERS
Review & Outlook

Another Whitewater? Yippee!!
What the Enron mess would look like if it really were a political scandal.
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010959175658839720.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

All the President's Men
Bush legally hands out two recess appointments.
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB101096032249333840.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

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Commentary

Oh, Omar
It's the moment of their liberation, so why do Afghans seem so defeated?
By Nancy DeWolf Smith
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010960623443326800.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

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Let's Talk Turkey: What a U.S. Ally Needs
As a matter of course, good friends should be treated well.
By Melik Kaylan
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010961495732110320.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Manager's Journal

How Will Lazard Fare?
Wasserstein will need a bull market for his plan to succeed.
By Charles Geisst
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010962095402217160.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Thinking Things Over

Next for Bush: A New Political Era?
A few "gaffs" could help the president.
By Robert L. Bartley
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010962893895684960.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

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Review & Outlook Taste

Martyr-Piece Theater
Review & Outlook: There's no constitutional right to watch federal court proceedings on TV.
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010707495491839720.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Taste Feature

Sideline Of the Obsessed
There may be times when parents should stay longer at work.
By Jay Jennings
Jan 14 2002

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Serious CNN, Foxy Paula: What a Dilemma
De Gustibus: Smart people can be sexy too.
By Tunku Varadarajan
Jan 14 2002

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~~~~~~~

Houses of Worship

A Striking Possibility
Houses of Worship: Vouchers could raise teacher pay, but cost Catholic schools their culture.
By Naomi Schaefer
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010707903124831160.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

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International

Law and Pravda
Russia's free media has learned its Lesin.
Review & Outlook
From The Wall Street Journal Europe
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010955805971426520.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

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Back from the Brink
The European takeover directive gets another chance.
Review & Outlook
From The Wall Street Journal Europe
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010956364980396440.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Mugabe's Rules
Before it's too late, the EU and the U.S. must make clear they won't accept a dictator in Zimbabwe.
By Geoffrey Van Orden
From The Wall Street Journal Europe
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010956647485896080.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Three Characters in Search of a Parliament
The European Parliament has real powers, but lacks the theater that comes from political debate.
By Brendan Greeley
From The Wall Street Journal Europe
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010956944361578040.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

Open the Skies, Let Competition Work
Business Europe: A leading figure in U.S. airline deregulation says it's time to free up the skies over the Atlantic.
By Alfred E. Kahn
From The Wall Street Journal Europe
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010957195897918280.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

A New Plan for Pakistan
President Musharraf's vision deserves positive reinforcement.
Review & Outlook
From The Asian Wall Street Journal
Jan 14 2002

http://interactive.wsj.com/cgi-bin/wsjgate?source=jopinemaowsj&subURI=http%3A%2F%2Finteractive.wsj.com%2Farticles%2FSB1010958112238124840.htm&nonsubURI=http%3A%2F%2Finteractive.wsj.com%2Ftour

~~~~~~~

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-----Original Message-----
From: 	McMichael Jr., Ed
Sent:	Monday, February 25, 2002 6:02 PM
To:	Germany, Chris; Mann, Kay
Cc:	Polsky, Phil; Boyt, Eric; Barbe, Robin
Subject:	RE: Dominion prepay for City of Tallahassee deal for March 2002

Chris/Kay,
We need to make sure that COT is properly notified in accordance with the contract.  Please confirm.
Thanks,
Ed

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, February 25, 2002 3:40 PM
To:	Sewell, Doug; Dhont, Margaret; Hamic, Priscilla
Cc:	Polsky, Phil; Boyt, Eric; McMichael Jr., Ed; Barbe, Robin
Subject:	RE: Dominion prepay for City of Tallahassee deal for March 2002

I just went over the March prepayment with David Walker (405-749-5240) at Dominion.  On Thursday, ENA will wire $280,306.00 to Dominion.  The Force Majeure event has ended and Dominion will resume deliveries effective 2/26/02.  We are assuming Dominion did not deliver any gas for Feb 8th through Feb 25th, 18 days.  Following are my calculations

	Prepay for March 2002			10,000 dth per day x 31 days x $2.1562 = $668,422.00
	Non deliveries for Feb 2002	           10,000 dth per day x 18 days x $2.1562 = ($388,116.00)

						Amount to wire on 2/28/02 ==>		$280,306.00

There may have been some gas flow on Feb 8th, but David will let us know about that later.

Doug, do I need to prepare a new Cash Use Approval Request form?

 -----Original Message-----
From: 	Germany, Chris
Sent:	Thursday, February 21, 2002 10:58 AM
To:	Sewell, Doug; Dhont, Margaret; Hamic, Priscilla
Cc:	Polsky, Phil; Boyt, Eric; McMichael Jr., Ed; Barbe, Robin
Subject:	Dominion prepay for City of Tallahassee deal for March 2002

I'm requesting the prepay for Dominion for March 2002.  I printed out the request, signed it, and gave it to Doug.  I just want everyone to be aware of what is happening with Dominion.  Dominion is still not delivering the gas to Tallahassee due to a Force Majeure event.  We are expecting gas to flow any day, hopefully by the weekend.

Eric, I left a message for David Walker (405-749-5240) at Dominion to call me about the prepayment amount.  Following are my calculations

Prepay for March 2002		10,000 dth per day x 31 days x $2.1562 = $668,422
Non deliveries for Feb 2002	10,000 dth per day x 14 days x $2.1562 = ($301,868)

				Estimated payment due 2/28/02	               $366,554

As of today Mops has been down from Feb 8th - 21st, 14 days.  Mops may not come up until the weekend or early next week.  I will adjust the prepayment as needed next week.

 << File: Dominion Prepay (1.29.02 for $603,736)_update.doc >>


Attached is the new information for the Atlantic Basin Team.  Please let me
know if you have any questions.

Thanks,
Kathleen - 52713


Dan,

The attached sheet contains a summary of 2001 accomplishments.  If you need additional details let me know.


Well, Larry just won't let go of these contract issues, will he??
I believe the answer is that SWGas will always be billed based on the
one-part rate, regardless of how we choose to allocate the rate components.
My understanding is that the reason we reserve the right to allocate the
components is simply for internal accounting purposes, to keep any one
component from exceeding the max or going below the min.
Hope this helps; let me know if you have further questions!

Lorraine Lindberg
07/25/2000 02:59 PM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: TSA #27252

Any advice on how to respond?
---------------------- Forwarded by Lorraine Lindberg/ET&S/Enron on
07/25/2000 03:00 PM ---------------------------

Larry L Black <llblack@attglobal.net> on 07/25/2000 02:26:43 PM
Please respond to llblack@attglobal.net
To: "Lindberg, Lorraine" <llindbe@enron.com>
cc: "Gildersleeve, Dave" <dave.gildersleeve@swgas.com>

Subject: TSA #27252

Lorraine,
Confirmation that I did receive your executed TSA and Letter Agreement.
I'm so glad you are excited.  We have so little in our lives to give us
true excitement.  At my age, I try to reserve all events of elevated
blood pressure for only the esoteric things.  (Just kidding.)  I'm very
pleased we finally got this done.  Now for the pipe wrench and welder
folks to get the physical jobs done, as well.

Unfortunately, the work is never over.  I will now try to concentrate on
the OBA, which has been sitting by the sideline for a long time.  Will
get back to you on that as soon as I can.

As for the TSA rate, I have a few questions.  We have agreed that TWPL
would allocate the rate between fixed and variable components.  I have
never been clear on just when and how that will be done.  I have assumed
you would make that call, let us know, and it would be over.  Is there
any idea that issue would be a changing thing, or is it "once done,
always done"?  Further, what factors do you use to make that
determination and what, if any, rules and regulations apply?  From
different views, I'd like to have it all variable and you would like to
have it all fixed.  What is the process here?

I will get back to you soon on the OBA stuff.  Meanwhile, chill that
champagne!
Larry

 - llblack.vcf


FYI, in case you don't already have this.  Michelle

 -----Original Message-----
From: 	Johnson, Rick
Sent:	Wednesday, October 31, 2001 12:40 PM
To:	Cash, Michelle
Subject:	Labor Agreements

Michelle, per your request, below are the current and/or active labor union agreements specific to Enron and / or its direct affiliate entities:

Direct Hire -  Collective Bargaining Agreements (CBA)
PGE/IBEW
PGE's coyote springs project - recently re-nogitiatied to 5 year term.
PGE's generation, distribution, and transmission  workforce. - 3 year term through Mar. 2004

Eko-Electrica - JV with Mission Energy - / USWA
Eco-Electrica project - Puerto Rico -  3 year term - through June 2004

San Juan Gas
Teamsters  - O&M employees - Do not know the term of this agreement.
Progasco
UTI (local independent union) - Do not know the term of this agreement.

EIM - entities not listed -
EES/EFS - entities not listed -

Pre-Hire - Project Labor Agreements (PLA)
EWS
Roseville Energy Development, L.L.C.  - California State Building & Construction Trade Council - Negotiations underway.  Contract(s) to include Project Labor Agreement; expires on commercial operation,  Major maintance Agrement,  term to be determined (15 - 30 years); Line and Distribution construction - project specific; Access & referral neutrality agreement - Term 1 year from commercial operation date.
LODI L.L.C. - California State Building & Construuction Trades Council - Negotiations pending - peaker facility development with commitment to negotiate PLA.
Enron Power & Industrial Construction Co. (EPICc)
Coyote Springs II Project - Active agreement(s) governing the construction of the facility - Third party ownership is established. Agreements expire at commercial operation.
Longview Energy Development L.L.C. - Kelso Longview/Washington State Building & Construction Trades Council - negotiations dates pending Dec. 2001 anticipate a mirror of the Coyote Springs Agreement(s).

Please call if additional information is needed
Regards, Rj.


Attached is how we see the physical gas contracts working.  Crude oil should
be basically the same with different contract and spot price indices.

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

----- Forwarded by Teresa G Bushman/HOU/ECT on 12/20/2000 11:21 AM -----

	Sheri L Cromwell
	12/20/2000 11:03 AM

		 To: Teresa G Bushman/HOU/ECT@ECT
		 cc:
		 Subject: See attached


Cool Christmas gift!  Thank you.  Attached is my feeble attempt at returning
the favor.


"May, Tom" <Tom.May@ENRON.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

As usual, Joe has cut directly to the issue and I could not agree more.
While there has been progress made in New York, the NYISO and the New
York market will never gain credibility or the confidence of the market
as long as these situations exist.  While the NYISO may not have the
ability to unilaterally change this, they would at gain some credibility
if they were the ones raising the issue and aggresively and publically
advocating for change.

Tom May
Enron

>  -----Original Message-----
> From: 	owner-nyiso_tech_exchange@lists.thebiz.net@ENRON   On
> Behalf Of "Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com>
> Sent:	Thursday, November 15, 2001 10:01 AM
> To:	nyiso_tech_exchange@global2000.net
> Subject:	Who is in Control?
>
>
> "Kirkpatrick, Joe" <joe.kirkpatrick@nrgenergy.com> writes to the
> NYISO_TECH_EXCHANGE Discussion List:
>
> In order to have a functioning market model it is imperative to have a
> level playing field for all market participants.
>
> Is it a level playing field or even appropriate for any individual
> market participant to dispatch generation and transmission facilities
> that affect the economics of other market participants? The dispatch
> of
> transmission and generation to resolve congestion must be made with
> the
> overall economics of the entire market in mind. The only entity that
> has
> the information and empowered to make these decisions is the NYISO.
>
> With that in mind why does a particular market participant have
> control
> over major interfaces that interconnect New York and PJM. Specifically
> the control points would be the Linden-Goethals phase angle regulator
> and the Hudson Farragut phase angle regulators. These PARs are under
> ConEd control and are utilized by ConEd to facilitate whatever
> requirements they deem required. As this is being written the New York
> PJM schedule is 546 MW out to New York with a flow of 762 MW the flow
> on
> these PARs (including Ramapo) is ~1500 MW to New York.
>
> Are the interests of all market participants being considered by a
> market participant that has over 40% of the load in New York State,
> that
> has control over a significant amount of generation utilizing OOM
> dispatches and by having control over a significant amount of
> transmission facilities capable of altering the flow into New York
> City
> and Central x East.
>
> I suspect not.
>
> Case in point..
>
> There is a transmission constraint in an area in New York city. This
> constraint can only be monitored by ConEd and therefore is resolved
> utilizing an OOM dispatch request. Generation was reduced to resolve
> the
> constraint, there is another generator in the area that can be reduced
> to resolve the constraint, but it would appear that this control
> action
> is not utilized . Coincidently the power from this other generator is
> under contract to ConEd (take-or-pay). There is also a PAR
> (Linden-Goethals) that can be moved to alleviate the constraint, which
> unfortunately is not utilized either. Instead generation is reduced
> that
> does result in additional uplift charges that is socialized as a cost
> to
> all loads in New York. Whether the right economic decisions are being
> made is an issue but the larger issue is why is a market participant
> with a large economic interest making these decisions.
>
> The NYISO was asked why the PAR was not utilized as a control action
> to
> alleviate the constraint, simply put since the PAR is not under their
> control they do not consider it as a control action.
>
> Since ConEd does not have the overall market view or the economic
> interests of all market participants in mind is it appropriate to
> allow
> them to operate and dispatch a large part of New York State?
>
> When the NYISO is not controlling major inter-area transmission
> interfaces but allows that control to be utilized by a market
> participant it is a compromise of the entire market. Economics of an
> individual market participant are overriding the economics of all
> other
> participants in New York.
>
> This is not a "best practice" that any sane individual would recommend
> for any RTO model.
>
>
> Joe Kirkpatrick

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


We have begun our WEEKLY Publishing Schedule with the latest edition of MARKETWIRE

Here's just some of the features this week!

We introduce our newest feature?.7 Questions, an interview segment where we ask a prominent industry executive 7 questions. In this issue we feature New York Mercantile Exchange President J. Robert Collins.

Our Lead Feature this week: TOSSING ASIDE THE PENNY WISE, DOLLAR FOOLISH SPR POLICY

The Publisher discusses OPEC Cuts and "Back Door Barrels."

New Jersey and Oregon are the only two states without Self-Serve Gasoline Stations?.Find out why

Can the Majors Defend Marketshare??We have a feature about how they seek to keep up with the growing Independent sector.

Why Petroleum still remains a factor in the production of electricity.

Weather Derivatives: Harnessing the Eye of the Storm

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Attached is the latest issue of dtnMarketWire

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phone: 732-758-8222
fax: 732-758-8286


Thought you might like the attachment. Love, Dad

-----Original Message-----
From: jeaster@reliant.com [mailto:jeaster@reliant.com]
Sent: Thursday, November 01, 2001 8:21 AM
To: Buy, Rick
Subject:

Rick.

Hang in there.  Beleive it or not, everyone in the industry I talk with is
pulling for Enron.  I hope the bank deal comes through quickly.

I wonder which beach AF is on right now.

I thought I'd pass this along in case you need a laugh.

Jim

(See attached file: Attack_on_Taliban.mp3)
_____________________________
Jim Easter
Reliant Energy Solutions
Transaction Development & Support
713-207-3170 - Office
713-898-9481 - Mobile
877-330-0952 - Pager
jeaster@reliant.com


One year old futon for sale.... oak-shade wood, navy blue cover.  $125.00

If interested call Ron 713.529.8647 after 6 p.m.

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---------------------- Forwarded by Hunter S Shively/HOU/ECT on 08/15/2000
12:31 PM ---------------------------

George Hopley
08/15/2000 12:02 PM
To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Nuke

Please see attached sept nuke schedule


Never mind ... I found 'em.
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/10/2001
10:26 AM ---------------------------

Margaret Carson
04/10/2001 10:02 AM
To: Tim Belden/HOU/ECT@ECT
cc: Steven J Kean/NA/Enron@Enron

Subject: YOUR MARCH 25 SLIDES OF SPEECH TO PUBLIC UTILITIES Conference

Tim  Can you kindly send   a set  of these  slides  asap  by e  mail  to
Steve  Kean,  Thanks  Margaret


No, we insist that the trader make credit aware of new counterparties or
unusual trades or opportunities prior to transacting.  Credit reviews trades
each morning and they know what's going on.  ss

	Enron North America Corp.

	From:  Shonnie Daniel                           09/16/99 06:13 PM

To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: Re: trader guidelines

Sara,  Do you usually do guidelines relating to credit approval, size of
transaction a trader can effectuate and internal approval process?

Sara Shackleton
09/16/99 02:24 PM
To: Shonnie Daniel/HOU/ECT@ECT
cc:
Subject: trader guidelines

I am forwarding to you guidelines prepared for global products trading.  It's
a good starting point.  I am currently working on guidelines for Argentina
which will address both physical and financial trading.  Other "guidelines"
exist in limited form for the remote offices in Singapore and Australia.  I
am checking on London.
I'm not exactly certain as to what you are looking for.  Obviously the
foreign offices have issues that may not apply in the US (although LA. is
about as close as you can get to a third world country).  One thing that
doesn't show up in the attachment is the swap eligibility issue.   Let me
know how I can help further.  Sara

---------------------- Forwarded by Sara Shackleton/HOU/ECT on 09/16/99 02:14
PM ---------------------------

Janice Moore
09/03/99 01:57 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: trader guidelines

Here it is -- we printed this 2-sided and laminated it.  Becky will bring you
the hard copy version.  Lunch date later.


Hello JJ.  The Clark family will have me traveling to Abilene on this day.  I
hate to miss the highlight of the X-MAS holiday.  Let me know what the plans
are for New Year's Eve this year.  Will you guys be in Houston?  I hope
Dallas is treating you well.  We can't wait to see Michael.  Clark and Jake
are doing great.

Grigsby


Kathy,  I noticed I neglected to included the BBB- rating for your guarantor
on the draft.  Let me know if you have nay other changes.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490

----- Forwarded by Debra Perlingiere/HOU/ECT on 04/05/2001 02:57 PM -----

	Debra Perlingiere
	04/05/2001 01:40 PM

		 To: kdirks@utilicorp.com
		 cc:
		 Subject: Master

Hi Kathy,

Please look closely over this version and let me know if you see any problems.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


I talked with Barb Bishoff who is setting up the Measurement
	meeting for Mary Kay and Dave Neubauer.  She said it will
	probably be next week since she is having trouble getting both
	Mary Kay and Dave at the same time.

	I told her it was critical that Shelley be in the meeting.

	I told her Steve, Rick and I are optional for this discussion.

	Thanks. Lynn


Dan Reck


Geoff--

	If I could get just a few moments of your time today or tommorow, at your convenience, in order to discuss the web-based portal project I emailed you about yesterday, it would be of great assistance to me.  All I need to do is briefly interview you regarding what you would like to see on a page like the one which has been proposed.  I have once again enclosed a brief summary of the principles underlying this project.  Thank you very much for your assistance.

pem


Anyone interested in PAINTBALL ... on the 13th May (Sunday) ?

I was thinking that could either go to:
http://home.houston.rr.com/houstonpaintball/paintball-fields.html#TWISTED

or

http://home.houston.rr.com/houstonpaintball/paintball-fields.html#AVILLAGE

... you can get an idea of the costs etc.

Forward this to anyone who you think would like to go.

Please let me know before COB Thursday so I can gauge the numbers.

-Colin


Guys, assuming that we receive $7M for the 6B's what is our cost basis in the
Barges?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/02/2000
12:53 PM ---------------------------

Brian Redmond
09/29/2000 04:56 PM
To: David W Delainey/HOU/ECT@ECT
cc: Jean Mrha/NA/Enron@Enron, Ron Tapscott/HOU/ECT@ECT
Subject: Re: LIPA

Dave:

Status of the 6Bs:  Enron Nigeria has sent us $7.1MM for the two turbines.
We have an agreed turbine purchase contract that we have executed and that
Enron Nigeria are supposed to execute today.  Per our discussion, Wes C.
suggested that we push the $2.0MM additional write down as well as the $7.1
turbine purchase revenue to Q4.

Status of LIPA/Barges:   We are working in two directions.  Currently, we
are:

1. Finding a buyer for either the LIPA PPA/Barges together, or just the
barges by themselves
2. Discussing with LIPA, the Power Desk, and BargeCo to find an acceptable
PPA structure and barge price to meet our risk/return criteria.

The decision tree for the LIPA deal is as follows:

IF: The LIPA PPA can be structured to be unit contingent for energy,
   AND: The power desk can get comfortable with the capacity availability
risk (discussions ongoing)
   AND: The economics of the deal are acceptable given the price for
replacement capacity charged by the desk.
   AND: All permitting issues are either resolved or resolvable

OR,

IF: We can find an "as-is, where-is" buyer for the Barges with/without the
PPA (ConEd, Montauk, NRG)

THEN:
 ENA will purchase the barges from BargeCo (Barges are currently located in
Brooklyn)

ELSE:
 We will not purchase the barges and will shut down the LIPA deal.

 1. LIPA:  We will fall back on permitting issues and schedule to as a reason
to stop working on the deal.

2. BargeCo:  The barges will have a lower performance than what was
originally stated by BargeCo.  Additional capital investment would be
required to meet our performance requirements - our position is that this
additional cost must be borne by BargeCo.  We do not, however, want to
implement this action until we have sold the 6B turbines to Enron Nigeria so
that we are sure this transaction is completed.

David W Delainey
09/29/2000 08:25 AM
To: Brian Redmond/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron
cc:
Subject: LIPA

Guys, what are we going to do with this contract and the barges?  My
understanding is that we have a done deal on the 6B's.  Is this correct?  I
may be a nervous nellie but I would like to put all this stuff behind us (ie)
no more 6B's or barges.

Regards
Delainey


FYI. Mark, how do you suggest we proceed?
---------------------- Forwarded by Alan Aronowitz/HOU/ECT on 02/08/2000
02:22 PM ---------------------------

Louise Kitchen
02/08/2000 12:08 PM
To: Wayne Gresham/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Matthew
Arnold/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Matthew Goering/HOU/ECT@ECT,
Linda K Loukanis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Lynn E
Shivers/HOU/ECT@ECT, David Forster/LON/ECT@ECT
Subject: Re: EOL New Coal Product

If I understand correctly this means we will be altering the current GTCs and
counterparties will be reaccepting these as per legal advice we need to give
them notice of a change to GTCs prior to putting them on the web-site.  Legal
suggest 14 days - I think we should be fine with 7 - we do need a method of
notifying the change  - suggest ticker - legal would suggest a letter to all
those having accepted the GTC already.

This doesn't stop the new product launch as you can run with 2 GTCs for a
while if you want.

Louise

Wayne Gresham
08/02/2000 16:10
To: Dale Neuner/HOU/ECT@ECT, David Forster/LON/ECT@ECT
cc: Matthew Arnold/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Matthew
Goering/HOU/ECT@ECT, Linda K Loukanis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Lynn E Shivers/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT

Subject: EOL New Coal Product

Dale and Dave,

The Coal Group wants to add a new product, CSX Compliance, to EOL.  I have
reviewed and approved the attached short and long descriptions as well as
changes to our online GTC's.  The changes to the GTC's also reflect the
earlier changes we sent you but which were not implemented.  With this
revision, we will need only one set of GTC's applicable to Coal Products.
Please advise if you need anything additional.

Wayne


??? Dear Vince:
?
??? I have put together a list of  finance working papers (some of which I
brought to the interview last wednesday)  which I have written since 1995
mostly in support of my work but also (at least  initially) as a learning
tool. Several of them, however,?do contain  innovations.
???
??? I have asked Ms. De Claris to  forward a copy to you.
?
??? As I expressed to you earlier I  am particularly interested in Enron
Credit Swaps trading platform and the  business opportunities that it will
spawn.
?
??? I also think that there are  tremendous opportunities to be explored in
the secondary mortgage maket in the  US. I do not know if Enron has
considered or is active in this market. This  would be an area that I am also
very interested and in which I think much better  can be done than most of
the players in the street.
?
??? The question in my mind  (hopefully not prematurely)?is: If there is
interest here would Enron  consider letting me put together this business?
?
??? I look forward to hearing from  you soon.
?
??? Best regards
?
??? Joao
?
???


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	[IMAGE]
	The PowerMarketers.com POWER REPORT
  www.PowerMarketers.com 	June 6th, 2001
	    Here Are The Energy Headlines From The Past 24 Hours: Click on a headline to go to the story...     TOP STORIES Constellation Energy Earns Industry's Highest Honors   For achieving the historic milestone of being the first to guide a nuclear power plant through relicensing, Constellation Energy Group (NYSE: CEG) was today presented the prestigious Edison Award.  Sen. Murkowski Urges Democrats to Help Boost US Energy Output     The departing Republican chairman of the Senate Energy and Natural Resources Committee Tuesday urged Democrats not to ignore the production of oil, natural gas, electricity and nuclear power when they consider the energy problems the confronting the U.S. "There is a clear deficiency in the Democratic proposal," Sen. Frank Murkowski, R-Alaska, told reporters Tuesday.  U.S. Natural Gas Prices Continue to Decline Nationwide, Falling 24.7% in June And 15.3% Below Year-Ago Levels   Average monthly natural gas spot prices for June fell 24.7% in the U.S. to $3.56/MMBtu, as continued mild weather allowed storage inventories to build, according to data released by Platts, the energy market information division of The McGraw-Hill Companies   Dominion Applies to Extend Lives of Its Cheapest Sources of Power   Dominion, the Richmond-based energy company, has filed an application to extend the life of its North Anna and Surry nuclear power stations by 20 years.  David A. Christian, senior vice president of Dominion Energy, said preparation of the applications to the federal Nuclear Regulatory Commission took 80 man-years of work and cost $25 million.  Morgan Stanley Ventures Into Northwest Power Business   Morgan Stanley, the financial services firm that earned more than $5.5 billion last year, has quietly purchased a major share of one of the Bonneville Power Administration's huge transmission lines that link California with the Pacific Northwest.   Senate Approves Pennsylvania Regulator for Spot on Federal Energy Commission   During four years as a state utility regulator, Nora Mead Brownell developed a reputation for feistiness but fairness.  She won't be finishing her five-year term on the Pennsylvania Public Utility Commission, though, because the U.S. Senate has approved her nomination to a bigger post: a seat on the Federal Energy Regulatory Commission.        [IMAGE]    Today's edition is made possible, in part, by:  POWER DEVELOPMENT & FINANCE 2001   -  presented by INFOCAST    June 11-13, 2001- Washington, D.C.  National Implications of the California Melt-Down  Click link below to download brochure: http://www.powermarketers.com/meltdown.pdf    ENERGY INFRASTRUCTURE CRISIS IN THE WEST   presented byInfocast  June 25-27, 2001  San Francisco, CA  The Western Power Crisis: Infrastructure Shortage or Market Shortcomings?  Bridging the Generation Gap in Western Markets  Gas Pipeline and Storage Capacity Sufficient for Residential, Industrial and Power Generation Needs?  Click link below to download brochure: http://www.powermarketers.com/energycrisis.pdf     DEALING WITH TROUBLED UTILITIES     presented by EXNET  June 27-28, 2001 - Washington, D.C.    The Regional And National Risks  Rating Agency's Outlook  Strategies For Lenders & Creditors  Easing The Supplier's Dilemma  CEOs Who Have Been There  An Executive Briefing On Bankruptcy  A Utility Chapter 11 Trustee's Experience  Click link below to download brochure: http://www.pmaconference.com/troubled.pdf    Energy Jobs Weekly  (PMA)  Click Title Above For Current Issue  Merchant Power Monthly  Click Title Above For Free Sample Issue  Wheeling & Transmission Monthly  Click Title Above For Free Sample Issue  US Power System and Gas System Maps  (by RDI/FT)  Click Title Above To Download Brochure       PMA's POWER MARKETS 2001 Conference - Las Vegas, NV

	      DOW JONES NEWSWIRES - Access stories online at: http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index      Tuesday, June 5, 2001   AES Corp. Says It's Under Antitrust Investigation   Kinder Morgan's Carson Terminal Loading To Be Closed Wed   Omaha And Neb Pwr Districts Scrap Joint Nuclear Operation   Educators Want Commerce Sec To Say No To 3G Spectrum>FON   FirstEnergy Completes Work On New 425-MW Ohio Plant   Vattenfall/NRG Energy -2: Co Focusing On Core Europe Ops   Vattenfall Sells S America Interests To NRG Energy >NRG   PRESS RELEASE: AES Corp. Notes, ROARS Rated 'BB' By S&P   AES Corp. Notes, ROARS Rated 'BB' By S&P   Brazil Govt May Relax Energy Cut For Aluminum Indus-Paper   NRC:FirstEnergy 1320MW Perry Up To 81%;Seen At 100% Tues   India Lenders Mtg Seeks To Salvage Enron Dabhol Pwr Proj   AT&T WorldNet To Announce Video E Mail Service -CNN >T   Monday, June 4, 2001   NZ BUSINESS BRIEFS: Edison Has 50.1% Contact Energy Stake       NATIONAL  - Access stories online at: http://www.powermarketers.com/pma-nat.htm    Tuesday, June 5, 2001  Canadians Look Again at New Hydro Plants   -PG&E off the hook for huge Calif. power bills   -National Rural Utilities unit files $2 bln shelf   -Pennsylvania promises GPU rate ruling before deadline   -Calif. weighs heavy as utility stocks slip more   -Quebec, Newfoundland see Churchill Falls power deal   -S&P 400 Midcap Index poised for a record   -Ontario Power prepares to give up coal plants   -New U.S. coal plants to power 20 million homes   -UPDATE 1-New U.S. coal plants to power 20 million homes   TECO breaks ground on 599-MW Arkansas power plant   -Valero to cut runs unless exempted from Ca. blackouts   -Northeast power operators to develop trading system   Dems Seek Energy Task Force Hearing   Puget Sound Energy Earns Electric Industry's Highest Honors -- the Edison Award   Sempra Energy Declares Common Dividend   Atlanta: Survey Provides Energy Policy Feedback   Canadian Hydro Power Plant Damaged   Nopec Signs Deal with Shell Energy Services CO. for Discounted Natural Gas; Customers to See Major Savings This Winter   Teco Power Services Breaks Ground on Power Station   Constellation Energy Earns Industry's Highest Honors   Energy Power Systems Limited - Announcement   Fedcomp Announces a New Generation of Software   Plug Power Maintains Strong Gains   Technical Breakout: Fuelcell Energy Inc.   Technical Breakout: Plug Power Inc.   Kinder Morgan Energy Partners to Expand Calnev Pipeline Into Las Vegas   Sen. Murkowski Urges Democrats to Help Boost US Energy Output   Zight Ushers in Next Generation Microdisplays;   Enbridge Inc.: Preliminary Site Work Begins on Wind Power   Teco Power Services Breaks Ground on 599-Megawatt Arkansas Power Station   Aquila Offers Web-Based Solution to High Natural Gas Bills for Consumers   -C Three Group Publishes Diversified Businesses of US Investor Owned Utilities ? 2001 Edition   Energy Efficiency Advisor Just a Click Away   How to Produce Energy with the Head   Calgary: Mexico Opens Energy Door to Canadians   S&Pbulletin: Cordova Funding Begins Delivering Power   Repeats: Energy Volume And Open Interest Totals-Jun 5   Calpine Names Paul J. Posoli Senior Vice President - Calpine Energy Services   Dagens Naeringsliv: Norsk Hydro Does Not Fear EU Fine(Hydro Frykter Ikke EU-Straff)   Cinco Dias: Union Fenosa in Two Natural Gas Supply Contracts(Fenosa Ultima DOS Acuerdos Para El Suministro De Gas Natural)   San Francisco Chronicle: Power Buying by Cities Gets Assembly Ok   Ricoh Introduces New Aficio Imaging Systems with Next Generation Technology; New Energy-Saving Aficio 1035/1045 Series Promote Energy Efficiency   Action Energy Corporation   June Natural Gas Rates Will Be 38 Percent Lower Than May, And 66 Percent Lower Than January   -Energy Stocks: Where the Money's Going Right Now (SCIENTECH IssueAlert)   Constellation Energy Earns Electric Industry's Highest Honors - the Edison Award   Energy-efficient School on the Drawing Board in Manteca   Enmax Energy Offers Electricity Contracts to Alberta Businesses   Administrator Will Report on Regional Efforts to Hold Down Power Rates   Survey of Energy Experts Provides Feedback on Administrations' Energy Plan   Usa: Fuel Cell Progress Faces 12 'Commercialisation Challenges' - Study   Power Tripped   Thermal Energy Files New Patent for Nox Reduction - Optinox   Penn Virginia Corporation Acquires Coal Property for $33 Million   Indiana Eyes Clean Energy Incentive Plan   American Electric Power Awards Asi Data Solutions Contract   Zight Ushers in Next Generation Microdisplays; Performance Enhancements And 25% Lower Power Consumption Make Them Ideal Choices for Enabling No-Compromise Display Solutions   Constellation Energy, Puget Sound Energy, Kansai Electric Earn Electric Industry's Highest Honors   Fiesta Mart Selects Aes Newenergy As Retail Electricity Provider for Texas Electric Choice Program   Enbridge Inc.: Preliminary Site Work Begins on Wind Power Project   Electric Market Disappoints   Calpine Begins Construction of Peaking Energy Center in Gilroy, Calif.   -Indiana Approves $3.1 Million Tax Credit For Regional Grid Operator In Carmel   Firstenergy Adds 425 Megawatts of Generating Capacity at Its West Lorain Plant   Powermax Energy Inc. - Director Changes And New President   Southern States Power CO. Management Will Travel to Illinois to Oversee Delivery of Generators for California Power Project   U.S. Natural Gas Prices Continue to Decline Nationwide, Falling 24.7% in June And 15.3% Below Year-Ago Levels, According to Platts   Public Service Company of New Mexico Uses Nexus Energyguide Tools to Help Residential And Business Customers Manage Energy Costs   U.S. Natural Gas Prices Continue to Decline Nationwide, Falling 24.7% in June And 15.3% Below Year-Ago Levels, According to PlattsPrices in Southern California, Though Still High, Drop 21.8% in June   Id Four Posts Copy of State of California Executive OrderCA Governor Declares State of Emergency Due to The Energy Shortage in The State of California   Public Service Company of New Mexico Uses Nexus Energyguide Tools to Help Residential And Business Customers Manage Energy CostsPnm Is The Most Recent Addition to Nexus Energyguide's Growing Client List   Homestore.Com(TM) Offers Tips for Slashing Energy Costs; Special Features Help Consumers Conserve Power, Keep Cool This Summer   Thermal Energy International Inc. - Files New Patent for Nox Reduction - Optinox(TM)   Alstom Power Safeguards Critical Data with Resilience Continuous Availability Servers; Resilience Provides A Secure Environment for Alstom's Information Base   Bush Vs. Price Caps: Economists Correct a Faulty Power Lecture   Top Utility Ctos Seek Mobile & Wireless Technology Solutions As Advisors to Mobileexpo Utility Forum 2001   Enbridge Inc : Suncor Energy Inc. - Preliminary Site Work Begins on Wind Power Project   Proton Energy Systems Announces Hydrogen Energy Storage Accomplishments under Department of Energy Cooperative Agreement   Zap Forms Fuel Cell Partnership with Dch Technology Subsidiary   Power Game   Arroyo sees more reforms underway after passage of power sector reform bill   David Russell to Lead Fti Consulting's New Energy Dispute Resolution Practice   Power Woes Lead to Surge in Protector Sales   Commercial Success for Fuel Cell-Powered Vehicles Rests on Solutions to Numerous Challenges, Says New Roland Berger Study   Mexico: Cfe Posts Good Generation Results   Castleguard Energy Inc - Newly Completed Gas Well in East Texas to Increase Castleguard - Revenues/Reserves   Emk3 Integrates Instant Access to Public Lease Data with Energy Marketplace   Usa: West Coast Energy Problems See Off Californian Textile Trade   Vector Energy Corp - Increases Production by 196,000 Cubic Feet Per Day   Retail & Real Estate ; Landlords Facing Energy Dilemma Rising Costs for Power Have Owners in A Bind   PG&E Creditors Approve Bonuses / Utility Must File Reorganization Plan by End of Year, Or CEO Only Gets $600,000 Extra   Richmond Power Plant Plan Yanked / City Manager Reverses Position   Informatica Applications Selected by Pricewaterhousecoopers to Power New Ianalytics Solution   Informatica Applications Selected by Pricewaterhousecoopers to Power New Ianalytics SolutionWorld's Largest Professional Services Organization Selects Informatica As First Core Software Vendor for Cross Value Chain Analytic Offering   PBS Shines Light on Energy Crisis   Quanta Aligns Management to Fuel Growth; Industry Panels Address Electric Utility Growth And Leverage Diverse Services   Mitsubishi Electric Signs Licensing Agreement with Geoworks   Mitsubishi Electric Signs Licensing Agreement with GeoworksIndustry Leader Validates Geoworks' Flex Ui Patent And Licensing Program   Take Steps to Ease Energy Crunch  Reuters Prior Day News:      June 4, 2001    National  Bankrupt utility's exec. bonus plan seen going ahead   UPDATE 1-AES says it, Williams facing U.S. antitrust probe   PG&E off the hook for huge Calif. power bill   National Rural Utilities unit files $2 bln shelf   Pennsylvania promises GPU rate ruling before deadline   Calif. weighs heavy as utility stocks slip more   UPDATE 3-U.S. Senate set for historic power shift   S&P 400 Midcap Index poised for a record   New U.S. coal plants to power 20 million homes   UPDATE 1-New U.S. coal plants to power 20 million homes   TECO breaks ground on 599-MW Arkansas power plant   Valero to cut runs unless exempted from Ca. blackouts   Northeast power operators to develop trading system  World      Scotiabank buys loans and deposits from Fortis   Quebec, Newfoundland see Churchill Falls power deal   Ontario Power prepares to give up coal plants   BP sets plan for $600 mln Trinidad gas project   INTERVIEW-War starves Southern African power sector of funds   FEATURE-World's No. 1 dam carisis when standing   Brazil real slips to new lows on power jitters   FEATURE-World's No. 1 dam can't save Brazil from power crisis   WRAPUP 1-Italy, Montedison say time for EdF to go   Aluminium seen briefly boosted by Brazil woes   Turkish court begins energy graft trial    WORLD  - Access stories online at: http://www.powermarketers.com/pma-intr.htm    Tuesday, June 5, 2001  Scotiabank buys loans and deposits from Fortis   -Quebec, Newfoundland see Churchill Falls power deal   -Ontario Power prepares to give up coal plants   -BP sets plan for $600 mln Trinidad gas project   -INTERVIEW-War starves Southern African power sector of funds   FEATURE-World's No. 1 dam can't save Brazil from power crisis   -WRAPUP 1-Italy, Montedison say time for EdF to go   -Aluminium seen briefly boosted by Brazil woes   -Turkish court begins energy graft trial   Argentina energy firms ratings confirmed; outlooks negative - Moody's   Cummins Westport Receives Natural Gas Bus Engine Order for Washington DC   Shell And Enron Study Wind Energy Investments   Top Energy Summaries - Tuesday, June 05, 2001 - 5:27 PM   Saudi Arabia Signs $25b Natural Gas Deals   Dynasty Motorcar Corporation - University of British Columbia Receives It(TM) Electric Vehicles   Power Cuts Threaten Northern Smelters - Brazil   Chavez Pledges Energy Assistance to US - Venezuela   Calgary: Circle Energy Announces New Director   Top Energy Summaries - Tuesday, June 05, 2001 - 2:28 PM   Het Financieele Dagblad: Shell Acquires Projects for Natural Gas in Saudi-Arabia(Shell Krijgt Gasprojecten Saudi-Arabie)   SHELL AND ENRON STUDY WIND ENERGY INVESTMENTS IN BRAZIL   K&M Engineering And Consulting Corporation And Korea Power Engineering CO., Inc. Form Strategic Alliance to Pursue Selected Power Projects   Bids in for transmission package of UAE desalination, power plant   China to Build N210b Refinery, Power Plant for Akwa-Ibom   Lapp Insulator Expands Product Line with Acquisition of Global Leader in Polymer Insulator ManufacturingPurchase of Germany's Ceramtec High-Voltage Division Makes Leroy, New York-Based Firm World's Second Largest Electrical Insulator Company   Synapz to Provide Stanley Electric with Web-Based Procurement And Fulfillment Services   State Power Receives ISP License, First Step To Become China's 8th Licensed Telecom Operator   Ukraine-npp-power-unit-connection   Turkey: Ten Go on Trial on Energy Corruption Charges   Nigeria: Akwa Ibom to Build Refinery, Power Plant with Chinese Help   UK Government: Advance Energy Statistics   Philippines' NPC Hails Approval of Power Reform Bill   Top Energy Summaries - Tuesday, June 05, 2001 - 7:23 Am   Union Fenosa, International Power Reportedly to Build 10 Power Plants in Italy   Brazil: Natural Gas to Replace Power   Brazil: Sugar Mills Expand Power CO-Generation   Brazil: Cemig to Manage Power Rationing Program   Brazil: Cimpor Negotiates with Power Distributing Companies   Brazil: Cvrd to Spend US$75mil with Power Rationing   Brazil: Neighbours to Sell Power Surplus to Brazil   Circle Energy Inc - New Director And Establishment of Special Committee   Antrim Energy Inc - Updates New Zealand Activity   Passage of power reform bill seen as victory for Philippine president   Iran to Invest in Tajik Power Station   Plan to Boost Coal Output in Russia's Energy-Starved Far East   Jaakko Poyry Wins Power Plant Contract in Thailand   Ues of Russia to Increase Coal Production in Primorye   Indonesia And Malaysia to Develop Coal Mine in Riau   Union Fenosa, International Power reportedly to build 10 power plants in Italy   Australian Government: Commonwealth Supports Clean Energy Project for Pilbara   Egcomp rejects report of 50 pct stake purchase in Gulf Electric   China's largest power company wants to enter telecoms: report   Arrow Energy in Option to Purchase Australian Cbm   SE Electric's Profits Shine in Light of Rising Energy Demand   Philippine Senate passes power reform bill   Brazil Energy Rationing Takes Effect     KRT  - Access stories online at: http://www.powermarketers.com/pma-krt.htm    Monday, June 4, 2001  Tulsa, Okla.-Based Investment Firm Buys Canadian Energy Company   Morgan Stanley Ventures Into Northwest Power Business   Semiconductor Manufacturer Loses Power Dispute in Lehi, Utah   Minnesota Energy Firm Refuses Major Promotional Campaign   San Jose Mercury News, Calif., Sue Hutchison Column   Federal Agency Was Ill-Equipped for Probe Or Prevent California Energy Crisis   San Jose, Calif., Officials Discuss Bills, Funds to Aid Power Plant Plan   U.S. Agency's Actions Invited California Power Disaster   California Energy Crisis Hits Home in Washington   Pipeline Deal Shortchanges Roanoke, VA.-Based Gas Supplier   Virginia Tech Proposes to Double Amount of Coal Used in Campus Boiler   Spokesman for Electronics Association Reflects on Industry's Changes   Senate Approves Pennsylvania Regulator for Spot on Federal Energy Commission   With Power Prices Soaring, Energy Conservation Makes A Comeback   Sun Herald, Port Charlotte, Fla., Gene Laber Column   Caterpillar Is Poised for Energy Crisis   Savings for Ratepayers Is Sticking Point in Deal between Energy Firms   Wisconsin's Energy Supply Seems Strong, Not Invulnerable   Federal Energy Planners Predicted Deregulation Would Lead to Shortage, Hikes   San Antonio, Texas-Based Energy Firm to Acquire Refinery   Democratic Shift in Senate Dims Prospects for Bush Energy Plan   Pennsylvania Utility Board Ends Negotiations on Rate Increase   Pennsylvania Utility Commission Chief Refuses to Vote on Rate-Increase Request   Boston Generation Company Accuses Electric Giant of Hypocrisy   Escondido, Calif., Talks on Small Power Plant End   California Congressman Talks of His Legislative 'Honeymoon,' Energy Crisis   Rate Increase Talks Break Off between Pennsylvania Utility Commission, GPU   Public Meetings Set for Union Township, Pa., Power Plant Proposal   Hopes High for New Energy Regulator to Help California Fix Its Power Crunch   Energy Firm to Transfer Employees from Beaumont, Texas, Headquarters   Electrical Grid Becomes Unified As Texans Start to Get Choice of Providers   Some Northeast Ohio Residents Eligible for Cheaper Natural Gas           The PowerMarketers.com POWER REPORT is a complimentary service of The Power Marketing Association. 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Jeff:
Janice and I have been working on a deal with Fred LaGrasta that involves
entering into a Crude Oil Purchase Agreement.  Their lawyer has come back
with the following requests which Janice has asked me to run by you:

1. They want to delete the arbitration provision or at the very least delete
the waiver of the right to recover attorneys fees.  They claim that this
conflicts with an indemnity clause in the agreement for non-performance which
allows for recovery of attorneys fees.

2. They want to delete  subsection (e) of the submission to jurisdiction
clause which contains a waiver of the right to claim immunity from suit,
execution, attachment or other legal process.

Can we give on these points?  They owe us back payments on financial swaps
that we have done with them and the purpose of entering into this Purchase
Agreement is to be able to offset what they owe us under the swaps with what
we owe them for the crude that we purchase.  It's a long story as to how we
ended up here but suffice it to say that this is our only hope of getting
them to recognize the swaps and honor their obligations under the swaps so if
there is any way taht we can accommodate their requests to get the deal done,
that would be great.
Carol


Thanks,
Melissa
3-1886


There was a cosmetic name change made in GCP from IBP, Inc. to  IBP, inc.


My fax number is (713) 646-3490.  Thanks.  Sara

	Ana Cristina Santos@ENRON
	07/10/2000 03:17 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: legal Invoice from Tozzini Freire

Sara,

I have received an invoice from Tozzini re. Trades and spoke to Andrea
Bertone who said that these services have been requested by you.

Can you please let me know your fax number so that I can fax it for your
review/approval. Also let me know whether or not ESA will pay for that and
where I should charge to.

thanks
Ana Cristina Santos


Steve:
Pete van de Gohm asked me to send these presentation slides along to you, as
a follow up, I believe, of  your recent conversation w/ him.
The presentation is one I developed at the request of GSS, and have
delivered, to date, to a group there, and to the EES general audience. It's
entitled:
Coming Full Circle: A Plausible Future for Power Generation. In it, I lay
evidence that supports a coming change in the overall model for power
generation.
I'd be happy to send more detail (presentation text) if you're so interested.
Regards,
Amy


The only US counterparty that I recognize is Kaiser Aluminum & Chemical
Corporation.  We have only done one deal with them.  The deal has expired and
the contract we used for this deal was a letter agreement that has also
expired.

Let me know if you need anything else.
Thanks,
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 07/05/2000
10:12 AM ---------------------------
From: Tana Jones on 07/05/2000 08:22 AM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc: Leslie Hansen/HOU/ECT@ECT
Subject: Re: Revised Metals counterparties approval

----- Forwarded by Tana Jones/HOU/ECT on 07/05/2000 08:21 AM -----

	Tana Jones
	06/29/2000 11:32 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Portz/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications
		 cc: Frank L Davis/HOU/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
		 Subject: Re: Revised Metals counterparties approval

I just got an updated list.  Please ignore the one I sent you a few minutes
ago.
----- Forwarded by Tana Jones/HOU/ECT on 06/29/2000 11:31 AM -----

	Edmund Cooper
	06/29/2000 11:13 AM

		 To: Lara Fields/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: Metals counterparties approval

Sorry, slightly revised version. Thanks, Edmund

Edmund Cooper
06/29/2000 05:04 PM
To: Lara Fields/HOU/ECT@ECT
cc: Tana Jones/HOU/ECT@ECT

Subject: Metals counterparties approval

Herewith revised approval list.

Tana will revert with an update on US counterparties some of which will need
to be switched to read-only.

Thanks,

Edmund


Marlo,

Can you please forward that email you sent me to Patti Sullivan since I have
not used the path manager and my mail forward feature is not working.  Thanks.

Mat


Per your request.

Booked by Linda SDimmons x 5-7851


Notice No. 00-366
October 27, 2000

TO:
ALL NYMEX/COMEX DIVISION MEMBERS/MEMBER FIRMS
ALL NYMEX/COMEX DIVISION CLEARING MEMBERS
ALL NYMEX/COMEX DIVISION FLOOR TRADERS
ALL NYMEX/COMEX DIVISION OPERATIONS MANAGERS

FROM: Neal L. Wolkoff, Executive Vice President

SUBJECT: Revision by FTSE International of its Procedures for Weighting
Changes in Constituents of Eurotop 300c and Eurotop 100cIndexes.

FTSE International has issued revisions to its procedures for weighting
changes in constituents of the FTSE Eurotop 300c and FTSE Eurotop 100c
Indexes. These revisions and their operational details are described in FTSE,
s technical release found at:
http://newsite.ftse.com/newsinfo/news/A2216_ei.html

Should you have any questions regarding the above, please contact Jay
Gottlieb at (212) 299-2607.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-366)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Surprise, surprise.

SDG&E is afraid to do anything without the pre-approved reasonableness from
the CPUC which I don't think will be obtained.

Chris

Chris
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/11/2000
05:59 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Firooz, Sharon" <SFirooz@SDGE.com>
09/08/2000 05:32 PM

To: "Hart, Dana" <DHart@SDGE.com>, "'agalatic@internetconnect.net'"
<agalatic@internetconnect.net>, "'al_figueroa@vflet.com'"
<al_figueroa@vflet.com>, "'bbowman@coral-energy.com'"
<bbowman@coral-energy.com>, "'biggsbg@bp.com'" <biggsbg@bp.com>,
"'bob_anderson@apses.com'" <bob_anderson@apses.com>,
"'ccantor@sempratrading.com'" <ccantor@sempratrading.com>,
"'cfoster@enron.com'" <cfoster@enron.com>, "'david_metz@apsc.com'"
<david_metz@apsc.com>, "'dcazalet@apx.com'" <dcazalet@apx.com>,
"'dgordon@exchange.ml.com'" <dgordon@exchange.ml.com>,
"'dirk.andreas@nrgenergy.com'" <dirk.andreas@nrgenergy.com>,
"'dparque@ect.enron.com'" <dparque@ect.enron.com>,
"'dpenney@coral-energy.com'" <dpenney@coral-energy.com>,
"'emaddox@seawestwindpower.com'" <emaddox@seawestwindpower.com>,
"'gkosier@newenergy.com'" <gkosier@newenergy.com>, "'gluna@sempra-slns.com'"
<gluna@sempra-slns.com>, "'greg.kelly@gen.pge.com'" <greg.kelly@gen.pge.com>,
"'hreed@powersrc.com'" <hreed@powersrc.com>,
"'jackmcnamara.geothermal@att.net'" <jackmcnamara.geothermal@att.net>,
"'james.north@msdw.com'" <james.north@msdw.com>,
"'jay.alexander@southernenergy.com'" <jay.alexander@southernenergy.com>,
"'jdcoggin@srpnet.com'" <jdcoggin@srpnet.com>, "'jim_staggs@apses.com'"
<jim_staggs@apses.com>, "'jivey@utilicorp.com'" <jivey@utilicorp.com>,
"'john_h_stout@reliantenergy.com'" <john_h_stout@reliantenergy.com>,
"'jon.fischer@pacificorp.com'" <jon.fischer@pacificorp.com>,
"'jpmarchand@aep.com'" <jpmarchand@aep.com>,
"'Kristen_L_Sullivan@reliantenergy.com'"
<Kristen_L_Sullivan@reliantenergy.com>, "'lbryant@pnm.com'"
<lbryant@pnm.com>, "'leah.bissonette@williams.com'"
<leah.bissonette@williams.com>, "'Lhamilton@avistaenergy.com'"
<Lhamilton@avistaenergy.com>, "'marvin_k_ballard@reliantenergy.com'"
<marvin_k_ballard@reliantenergy.com>, "'medwar@ladwp.com'"
<medwar@ladwp.com>, "'njwa@dynegy.com'" <njwa@dynegy.com>,
"'peterc@calpine.com'" <peterc@calpine.com>, "'priced@epenergy.com'"
<priced@epenergy.com>, "'pscarpelli@retx.com'" <pscarpelli@retx.com>,
"'rproush@duke-energy.com'" <rproush@duke-energy.com>, "'rshimizu@mieco.com'"
<rshimizu@mieco.com>, "'sbvanleer@duke-energy.com'"
<sbvanleer@duke-energy.com>, "'shapp@caiso.com'" <shapp@caiso.com>,
"'stacey.kusters@powerex.com'" <stacey.kusters@powerex.com>,
"'szablyal@epenergy.com'" <szablyal@epenergy.com>,
"'tmcandrew@statoilenergy.com'" <tmcandrew@statoilenergy.com>
cc:
Subject: SDG&E Bilateral Authority Delay

SDG&E would like to inform you that  we did not gain authority from the
commission on 9/7 and cannot enter into bilateral trades at present; (2) we
anticipate receiving that approval on September 21; we will solicit new
proposals between now and then and look forward to your continuing
participation, as well as your assistance in gaining the necessary
regulatory approvals.  Thanks


Mark, pls encourage everyone to talk to their customers today and let's let the street know we are as busy as always and that the overall issues are behind us. I have no new info regarding this matter but believe that the proper vehicles are in place to maintain liquidity.

I am very interested in what the wholesale customers have to say about our issues.  Do they have a mandate to not trade, are they wanting to turn down their exposures etc. If any customers say this, then let me know.

Pls keep me posted.

BT


Start Date: 1/31/02; HourAhead hour: 15;  HourAhead schedule download failed. Manual intervention required.


Jeff --

I'm writing the direct access story that you and I spoke about, but now
I'm hearing that Enron is cutting off direct access for residential
customers in California.

I know you're out of town today. Wonder if you can give me a quick
call to explain it -- was it not making enough money? - is it related
to the PUC putting d.a. on the June 14 agenda? -- and how many
customers you have in California.

Cheers,

Kate

---------------------------------------------
Kate Berry
Reporter
The Orange County Register
714-796-2235 w
714-240-6301 c
kberry@ocregister.com


Hi Louise,

Attached are the May YTD soft Metrics for North America. In response to open items from last month:

(1) Canada had some concern related to the information provide for average EOL transaction count. After working with EOL and Canada, it was determined that the number of trading days that Canada used to calculate this metric differed from the number of days EOL used to calculate this metric. The EOL team and Canada are working to come to an agreement related to this as well as new customer presentation.

(2) Canada felt that the Origination metric was incorrect. We have sent them the support for the origination amount, which ties to the DPR, along with deal number, etc. (the same info that you see in the first attachment.) We are still awaiting a response from them.

Currently we include deals with zero value within the deal count (you will see this on the attachment). Are you in agreement with this treatment?

Please let me know if you have any questions- I'm at x30352. Thanks!


Hi, Sooz!  Hope you made it home without too many weather problems.  Was
concerned when we saw the tornado warnings.  We enjoyed meeting Craig and
really appreciate your taking the time to drive here to meet Eric.

Have a good week.  Looking forward to seeing you again for Thanksgiving!
love, mum


Due to the sale of HPL we will be modifying  the General Terms and Conditions ("GTC") governing all North American physical natural gas transactions on EnronOnline, on Nov 5th. This will require all Counterparties' not having a Master Agreement governing Physicals to accept the revised GTC in order to continue transacting in these Physicals.
In order to ensure minimal disruption to trading we are taking the following steps.
There will be a pop-up announcement to this effect on EnronOnline on Monday Oct 29th
There will be a ticker with the same information all week , next week on EnronOnline.
The modified version of the GTC will be available on EnronOnline all week, next week for any customers wishing to have their legal departments review it before they accept it.
The EnronOnline marketing group will be contacting customers who had previously accepted the GTC to make sure they are comfortable with the changes.
If you need more information or have any questions please call me at X 31787
Savita


Attached are the Comments of SoCalGas and SDG&E on Commissioner Bilas'
Proposed Decision.

The Excel file is the final page of the Comments.

-- Glen Sullivan
Attorney for SoCalGas & SDG&E
(619) 699-5162
gsullivan@sempra.com

?
 - ld2d-#79877-1.DOC
 - ld2d-#79878-1.XLS


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 08/07/2000
04:51 PM ---------------------------

Kyle R Lilly
08/07/2000 04:52 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Post IDs for 8/7


Eric,

Please find Mark Taylor's comments related to your request:

Steve Douglas-Tax person working on the MG Acquisition suggested an October 1
date related to MG acting as a clearing broker due to the following:
-Value of the transaction would be impacted if imputed income was made
related to acting as a clearing broker.
Phone number - 713 853-0938

David Mitchell-CFTC Attorney with the Law firm of Kad, Walder, Wickershe, and
Taft
  Mark Taylor needed to address some items with David

Mark Taylor - phone number 713 853-7459

I would suggest talking to Steve Douglas for Tax questions and Mark Taylor
for legal questions.  Please let me know if I can be of any assistance.
(have not heard from Al)

Thanks,
Jeff (713 853-5294)

---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on
08/23/2000 10:56 AM ---------------------------

Eric Gadd
08/22/2000 10:02 AM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc: Alfred Pennisi/NYC/MGUSA@MGUSA
Subject: Re: MG update

Jeff-

Thanks for the memo.  After meeting with Al Pennisi in NY on Friday and
discussing your memo, I am confident that all the issues you raise can be
addressed so that we can have MG London act as Enron's clearing broker.  I've
asked him to contact you to review in more detail.  Please let me know the
outcome and action plan - - - is it feasible to complete this week?

	From:  Jefferson D Sorenson                           17/08/2000 19:08

To: Eric Gadd/LON/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT

Subject: MG update

Please find attached an action plan to determine the feasibility of MG acting
as a clearing broker on Enron's behalf.
As indicated on my voice message please call me so that we can discuss. (713
853-5294)

Thank you,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on
08/17/2000 01:02 PM ---------------------------

David P Dupre
08/17/2000 12:59 PM
To: Jefferson D Sorenson/HOU/ECT@ECT
cc:
Subject: MG update


You guys must be exhausted with all that activity.  Congratulations on the
grandbaby.  That's a BIG deal.  My oldest "baby" is 20, a junior in college,
and my Michael is 6.  Every age is special.

Thanks for the periodic updates about Michael.  He's in my thoughts, so I
appreciate the info.

Kay

bob.joyce@kvaerner.com on 11/27/2000 05:40:00 PM
To: Kay.Mann@enron.com
cc:

Subject: RE: Michael Update

Thanks, Kay.  Really appreciate your efforts.

Despite Michael's problems, we did have a pretty good year as our oldest
Son was married on September 30 and the first Joyce Grandchild was born
to our Daughter on October 24.

Bob

   -----Original Message-----
   From:       Kay.Mann
   Sent:       Monday, November 27, 2000 4:16 PM
   To:         Bob Joyce
   Cc:         Kay.Mann
   Subject:    Re: Michael Update

   Hi Bob,

   I believe I gave on October 24, so I'll go again around Christmas.
   I'm
   glad that you've gotten some good news, and here's hoping for a much
   better
   2001!

   Kay


The swap forms have been moved back into the atty.fms bank, so you should be
able to access them again.


arrive some time friday night.
leave some time sunday.

Karen Arnold <klarnold@flash.net> on 04/04/2001 09:36:32 PM
To: john.arnold@enron.com, Matthew.Arnold@enron.com
cc:
Subject: Friday??

Fax or email me your itinerary for the weekend.  Fax 972-690-5151!  Mom


Paul,

Please call me to discuss.

Rick

 -----Original Message-----
From: 	Mahan, Mariella
Sent:	Thursday, June 07, 2001 11:35 AM
To:	Sanabria, Jaime; Tortolero, Elio; Sierra, Rick; Zatarain, Brian
Cc:	Cordova, Ernesto
Subject:	RE: Daily Cash Balance Worksheet @ 06-05-01
Sensitivity:	Confidential

Thanks Jaime,
What I don't understand is why you wouldn't do or why you are doing the following:

-	Why are you assuming that PREPA will pay you 75% of the disputed amounts in January?  What is the basis for that - - I have seen no progress from them but I could be wrong.
-	Why wouldn't you negotiate and leave READY your LNG prepayment scheme so that you're ready to pull the trigger in case something else falls through?  If you wait until the last minute (to consider), you will have NO options.

On a separate note, I understand that a potential opportunity exists to look at buying the winter cargo spot vs from Cabot.  Gas prices are dipping down rapidly and this opportunity may be gone if Eco does not evaluate it and decide a course of action very soon.  When this was presented to me I thought it certainly had a lot of merit and it was logical for us to take a look at it immediately.  Having said that, and in keeping with my philosophy that Eco needs to step in and get used to looking at this type of stuff and to making its own decisions (driven by what's best for Eco), I recommended to the Fuel manager that this be something that Eco looks at and decides on.  Where are we on that?

Thanks, Mariella

 -----Original Message-----
From: 	Sanabria, Jaime
Sent:	Tuesday, June 05, 2001 8:45 PM
To:	Mahan, Mariella; Tortolero, Elio; Sierra, Rick; Zatarain, Brian
Cc:	Cordova, Ernesto
Subject:	Daily Cash Balance Worksheet @ 06-05-01
Importance:	High
Sensitivity:	Confidential

Attached please find the daily cash tracking worksheet. Please note that among all the assumptions used to build the worksheet the following are critical:

	1. That we collect the $14 million in insurance claims on or prior to July 13th. I spoke to the insurance brokers today and we expect the money by the end of next week;
	2. The Cabot July 13th payment could change to a few days earlier or later depending on how PREPA dispatches the facility after the rotor outage;
	3. We collect in January 75% of the projected PREPA outstanding amounts in dispute, in order to pay $15 million of subordinated debt.

 << File: Cash_Needs @ 06-05-01.xls >>

Should we not receive the insurance money this month we would consider one or both of the following two proposals as a mechanism to bring cash in:

	1. The purchase of LNG by San Juan Gas;
	2. The purchase of the fuel oil inventory by Peerless.


Hi Eric,

How are you today?  What do you want to do for your birthday and when do you want to celebrate?

Have a good day.  LU-M


It is the pipelines decision on how to allocate between the shippers,
however, If the pipeline allocates the shortage to ENA then we need to follow
the contract language and bill accordingly.  Just remember that we allowed
makeup  on the 18, 19, & 20th for a total volume of 5K over 3 days so that
will apply toward the 4th and part of the 9th.  All other volumes should be
purchased back  per the language in the contract.  Remember they have a
tolerance of 5% below the nomination.

Thanks,
Janet

	Kimberly Vaughn
	01/12/2000 02:13 PM

To: Janet H Wallis/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
cc: Anita Luong/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON
Subject: HL&P for 12/99

HL&P was short on the following days:

December

4th (2256)
9th (7214)
11th (2527)
12th (3537)
15th (7058)
16th (4776)
17th (4465)
28th (264)

How do you want to handle this??

---------------------- Forwarded by Kimberly Vaughn/HOU/ECT on 01/12/2000
01:07 PM ---------------------------

	Anita Luong
	01/12/2000 10:46 AM

To: Kimberly Vaughn/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT
Subject: HL&P for 12/99

For days 4, 9, 11, 12, 15, 16, 17 and 28,  we are short at the aggregate
meter.   Should the Reliant transport and Sales or do we charge Reliant a
penalty?

Also, I notice that at meter 1554 we have 3rd party transport this month.
This look strange because I've not seen them here before.

Please advice.

Thanks


Gerald:

I have reviewed the documents, and I only have a few proposed changes.

On the responses indicating that Brickhill is providing, I would add "on
behalf of the Chicago Project Shipper Group" at the end of each response.
That would clarify that he is not answering individually for ENA.  We can ask
Doug or Kim about this on the conference call.  In fact, we might not even
need to include those questions where Brickhill is providing the answers.

If you haven't already caught it, on response #20 to Pan Alberta/PAGUS, the
left margin is not right (at least on my copy).

On response 4 to NGPL, I would change the response to "Enron North America is
not providing a reponse to this data request.  Please see objection of the
Chicago Project Shippers Group dated May 10, 2000."

On responses 7, 11, and 13, change the last word to "analyses".

On response 11, fix the unnecessary hyphen in "(opera-tionally, . . . "

When you have the final reports from Juanita, I would like to take a look at
the finished product before we send it to Doug and Kim.

Thanks.

To: Rebecca W Cantrell/HOU/ECT@ECT
cc: Steve Van Hooser/HOU/ECT@ECT
Subject: Responses to Data Request

Please see the attached.  I am still trying to obtain the DOE reports for
Canada from Juanita Marchand for Question #19 of the Pan Alberta.  Any help
you could give me there would be greatly appreciated.


This has got to be a classic......


Jeff, I think we should take a quick review of the existing PI portfolio to
see where we are and where we want to go - we have with the completion of
FCEL made a tremedous amount of investment in a very short period of time
>$60 to $80M.  I would like to  hear how we are moving to monetize more
mature investments and influence/generate value from the earlier stage
investments.  I don't want to approve any further investments until we have
had such a discussion.

Regards
Delainey


Rod,

Julia mentioned during our staff meeting yesterday that you had asked about
University of Houston alumni within GPG.  I attended night school at U of H
and received my MBA degree many years ago.  I'm not certain why you were
asking, but if you need volunteers, I would be willing to help out with
hosting, recruitment or interviewing of potential new employees.

Jeffrey McClellan is the president of cougars@enron and has a comprehensive
mailing list of all University of Houston graduates within Enron.  You may
want to contact him for this listing.  As you can see below, he coordinates
the alumni recruitment within Enron.  If you need any help, please give me a
call at ext. 3-5691.

Rick
---------------------- Forwarded by Rick Dietz/ET&S/Enron on 08/08/2000 09:24
AM ---------------------------

Jeffrey McClellan@ECT
08/03/2000 07:52 PM
To: Jeffrey McClellan/HOU/ECT@ECT
cc:  (bcc: Rick Dietz/ET&S/Enron)

Subject: HAPPY HOUR


Jeff,

I did not see an email from John Anderson on Jim's email list.  Let me know
if I can help in any other way.

Thanks
Marcia


Mark,

We identified some matters (listed below) related to EnronOnline launch in
Japan. Please advise.

Are there issues to be addressed on:
  - the compliance with local corporate requirements to trade the products
currently available in EOL?
  - the determination of issues surrounding electronic trading
(enforceability)?
  - unanticipated regulatory impacts (both local and international trading)?
  - the registration of internet domain names in the local jurisdiction?
  - the compliance with local documentation requirements?
  - the compliance with local Trade Practices Act?

Thanks in advance,

Mario Parra Cardoso
EnronOnline
5 8074


could be better, could be worse.  and you?

you're getting assigned seats at your luncheon tomorrow.

Gerald.Nemec@enron.com on 11/07/2000 01:14:51 PM

To:   Mandy.Bowles@email.moore.com
cc:
Subject:  Re:

How is the machine?

                    Mandy.Bowles@email
                    .moore.com                To:
Gerald.Nemec@enron.com
                                              cc:
                    11/07/2000 08:57          Subject:     Re:
                    AM

i already did, silly.

Gerald.Nemec@enron.com on 11/06/2000 05:12:39 PM

To:   Mandy.Bowles@email.moore.com
cc:
Subject:  Re:

Really?  Something you care to disclose.

                    Mandy.Bowles@email
                    .moore.com                To:
gerald.nemec@enron.com
                                              cc:
                    11/06/2000 04:49          Subject:
                    PM

I am a sex machine.


Thanks,  Kay


The Weekly Report is available at the link below:

Weekly Report

If you would like to print this, I suggest you use the "print" icon in the
upper most right hand corner
of the website.  When the new site comes up, press print.  It is a cleaner,
fuller page.


I believe that we may have a potentially good fit for Avril, but my direct
report who would have to add her to his staff is on vacationing out of town
until Monday.  I will talk with him on Monday morning and I will have him
visit with Jeff Sorenson, who previously interviewed Avril (he liked her and
was favorably impressed, but had no position for her).  We may then want to
be able to talk with Avril by phone, since a face-to-face interview will not
be possible.  We should have a decision then very early in the week.  Since
you will be in Houston I can update you in person.  I would not panic!


F.Y.I.

  Date      November 30, 2000
      Time      07:00 PM - 08:00 PM
      Station   PBS
      Location  Network
      Program   The Newshour With Jim Lehrer

              Ray Suarez, co-anchor:

              Finally, it's the latest hot idea for reducing energy
              costs.  Twenty-three states have enacted legislation to
              deregulate electricity rates and sixteen others are
              thinking about it, but California's pioneering efforts have
              already provoked an angry consumer backlash.  Spencer
              Michaels reports.

              Spencer Michaels reporting:

              In a San Diego strip mall, the owner of the tiny Youngling
              Oriental Vegetarian Market is having a hard time.  Yuman
              (?) Young owes two thousand dollars to San Diego Gas &
              Electric--SDG&E--an amount he can't come up with.  Like
              many San Diegans, his electricity bill has skyrocketed this
              year.

              So this is your bill in March, right?

              Yuman Young (Youngling Oriental Vegetarian Market):  Right.

              Michaels:  And the bill is--

              Young:  And see, in March, the bill comes to about four
              seventy-eight.

              Michaels:  Then we have May.

              Young:  In May, it...

              Michaels:  Then we're up--

              Young:  ...goes to six seventy something.

              Michaels:  Six seventy-four.

              Young:  Yeah.

              Michaels:  And then--

              Young:  And then...

              Michaels:  And then we skip...

              Young:  ...we skip a month.

              Michaels:  ...June, but in July--

              Young:  And the--then in July, it goes to about thirteen
              hundred dollars.

              Michaels:  Thirteen hundred dollars?

              Young:  Yeah.

              Michaels:  And the same in August?

              Young:  And the same in August.

              Michaels:  Over thirteen hundred dollars.

              Young:  Yeah, right.

              Michaels:  Young's main electricity expense is his frozen
              food freezer that he keeps at minus seventeen degrees.  But
              people without such appliances have seen residential and
              commercial bills double and triple as well.  San Diego is
              the first California city to suffer the effects of the
              deregulation of electricity, which was enacted by the state
              legislature in 1996.  The theory was that by taking away
              the monopolies enjoyed by state-regulated utility
              companies, like SDG&E, new competition among electricity
              producers would result in a drop in rates.  But since such
              simple market economics would take awhile, the legislature
              imposed a temporary rate freeze to protect most parts of
              the state from higher prices.  In San Diego, the freeze
              came off this year letting the market set the price, a
              very high price.  SDG&E is owned by Sempra Energy, where
              Stephen Baum is CEO.

              Stephen Baum (Chief Executive Officer, Sempra Energy):
              It's been a terrible shock to our customers, seeing
              real-time prices for the first time.  And those prices are
              way out of sight because the wholesale market is broken and
              needs to be fixed.

              Michaels:  The vast wholesale market is something new.
              California utilities used to own most of the power plants,
              the high-voltage transmission lines and the system to
              deliver power to homes and businesses.  Under deregulation
              the utilities still deliver the power, but had to turn
              operations of the transmission lines over to a state
              agency.  In addition, they had to sell their power plants.
              So now almost all power is sold to the utilities on a
              wholesale basis by producers or generators.  And according
              to Baum, they charge what they can get.

              Baum:  There's been a very large wealth transfer from the
              customers in the state of California to the generators.  We
              don't think the market's workably competitive.  There
              aren't enough players and there's not enough generation.
              Until that occurs, you're going to have dislocations at
              very high prices.

              Michaels:  The situation keeps getting worse as
              California's population keeps increasing, especially in the
              hot central valley.  Air conditioners and other appliances
              put a strain on a system already stressed by increased
              demand in other states where some of California's power
              comes from.  According to University of California
              economist Severin Borenstein, deregulation has aggravated
              the already tight situation.

              Severin Borenstein (University of California, Berkeley):
              Production in the state has really been stretched and that
              does two things:  One, is it naturally just creates a tight
              supply/demand situation that's going to drive prices up.
              The other thing it does, though, is it also puts the
              producers in a very strong position to push prices up even
              higher.  And, I think, there's no question the generators
              are trying to make as much money as they can.

              Michaels:  Duke Energy, headquartered in North Carolina, is
              one of the new generators in the California market.  Duke
              spokesman Tom Williams says much of its power was sold
              before prices rose and that profits are plowed back into
              new plants.

              The utilities and the consumer groups seem to think that
              the generators are making a lot of money on this crisis.
              Is that true?

              Tom Williams (Duke Energy Corporation):  Duke Energy sells
              the bulk of its power in the--in the forward market.  It
              was sold a year ago for the plants we have in the state
              now.  So the power's already been sold, and the price of
              natural gas has gone up two and a half times since last
              summer.  So there is a very tight supply situation, but
              we're reinvesting our profits back into the market to fix
              the problem.
              Michaels:  In fact, Duke is investing 1.1 billion dollars
              to modernize two inefficient power plants it bought from
              the utilities.  As part of the deal it also had to buy
              this old PG&E plant in Oakland, which has been running
              overtime because of the power shortage.  Over the last two
              decades only a few companies have actually begun
              construction of new power plants because of what they saw
              as the uncertainties of the regulatory climate.  This plant
              near San Francisco, being built by Calpine, will supply
              enough electricity for half a million homes.  It will be
              ready by next summer.  Calpine vice president, James
              Macias, says his company predicted the shortage of power
              and took a risk.

              James Macias (Vice President, Calpine):  You could see the
              fundamentals forming of the need for more--more power.
              There hasn't been a big power plant like this built in the
              state for--for decades.

              Michaels:  Macias says the utilities should have contracted
              for power at lower rates before it was actually needed.  He
              expects that the profits power companies are making now
              will decline as more power comes on line.

              Macias:  We're doing pretty good.  We're being rewarded for
              having the vision and the foresight to come in here and
              build this--this--this needed supply.  But they're not
              going to last.  As soon as this--more of the supply comes
              in, the prices will come down and they'll be--they'll be
              depressed again.  They have to come down.  This economy,
              again, can't support these high prices.

              Michaels:  Although twenty new plants are in the planning
              stages, it takes five years to design and build just one.
              With very little additional supply in the immediate
              pipeline, the director of San Diego's utility watchdog
              group, Utility Consumers Action Network, says regulators
              must get involved to return rates to reasonable levels.

              Michael Shames (Consumer Advocate):  They could have
              immediately put--reinstated a price cap.  They could have
              immediately said, hold on a second folks.  We're not going
              to tolerate this.  We're not going to see a region like San
              Diego thrust into a depression.

              Michaels:  But Michael Shames says some legislators and
              regulators were ruled by their uncompromising belief in a
              free-market ideology.

              Shames:  There were a number of people, well-placed people,
              who were so ideologically driven to force competition to
              work in a market such as energy that they didn't want to
              look at the signs when they saw that the experiment wasn't
              working.  They didn't want to acknowledge it wasn't
              working, and they were prepared to sacrifice a city, San
              Diego, a state, California, and possibly a country, in
              order to see their ideologically driven vision--vision
              work.  (Clip from a TV commercial)

              Michaels:  Shames' consumer group was so outraged at the
              price increases they bought TV ads and urged civil
              disobedience.

              Dianne Jacob (Chair, San Diego County Supervisor):  Join me
              and other San Diegans and let's send a message.  Pay only
              what is fair.  When your SDG&E bill comes, pay what you
              paid last summer.  That's fair.

              Michaels:  At the California Public Utilities Commission,
              President Loretta Lynch agrees that regulators could remedy
              the situation, but she says it's not up to the state.
              Only the Federal Energy Regulatory Commission has the power
              to cut back prices.

              Loretta Lynch (California Public Utilities Commission):  If
              the federal government allowed power plant owners to make a
              reasonable profit instead of an excessive profit, then that
              would drop the price of wholesale power.  And if that price
              dropped we would not be in the pickle we're in today.

              Michaels:  Federal Energy Regulatory Commission president,
              James Hoecker, replies that simply using price controls
              discourages investment in an industry that needs it.

              James Hoecker (Federal Energy Regulatory Commission):  What
              my friend, President Lynch, has said reflects a kind of
              thinking that markets can never be made to work and that
              ultimately we have to resort to cost-based, profit kinds of
              regulation of utilities.  And I think that this market has
              marched past that as an option.

              Michaels:  In November, the Federal Energy Regulatory
              Commission proposed a major change.  Utilities would not be
              required to buy power from the power exchange--a kind of
              stock market for electricity where prices have soared.
              Instead, the utilities will be able to buy directly from
              producers.  The federal agency has launched an
              investigation into California's troubles, hoping for a
              long-term solution.

              Unidentified Woman:  This legislation, today, has the
              ability to provide immediate and real relief to San
              Diegans.

              Michaels:  The California legislature struggled this year
              with what to do, short term, for the people of San Diego.
              The debate centered around a proposal to cap electricity
              bills at sixty-five dollars a month, retroactive to June 1.

              Charlene Zettel (Assembly Member, Republican, San Diego):
              What is San Diego's problem today will be California's
              problem tomorrow.

              Rico Oller (Assembly Member, Republican, San Diego):  You
              know who we can thank for this problem?  You want to get
              right down to brass tacks?  You can thank all of the
              knuckle-headed people in this legislature and in
              government, in general--in general, who have stood in the
              way of doing the smart and sensible thing that anyone would
              have the sense to do in the real world, and that is to
              provide for their future needs by increasing production.
              We need to build some facilities to produce power.

              Unidentified Man:  All debate having ceased, the clerk will
              open the roll.  All members vote who desire to vote.

              Michaels:  The San Diego rate cap passed, but the state is
              still far from a solution.  Higher electric rates are
              forecasted for the rest of the state as the caps come off
              in other cities.  And even more troubling is the fact that
              the price rollback is being bankrolled by the utilities,
              since they still have to pay the generators for the power
              but can't pass those prices on to their customers.

              Economist Borenstein says other states better examine
              California's experience before proceeding with
              deregulation.

              Borenstein:  I think most states that are deregulating
              right now, if they have a tight supply situation, are very
              likely to see spikes just like ours.  The best advice I
              think for most of these states is to take a break, not move
              forward on their deregulation, watch the experiments that
              are going on in California and New York and Pennsylvania
              and Texas and a number of other states and learn from them,
              because we're learning a lot from them as we do this.

              Michaels:  The success or failure of deregulation across
              the country will depend partly on easy access to power
              transmission lines so that electricity can be transferred
              more readily to where it's needed.  The federal government
              is working on that problem.

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