?
Subject: Click and go to http://www.enerfax.com if can not view  properly

?
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																	Enerfax Daily

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																								Enerfax  Daily? -? Page  ? -? November 7,  2000? -? ? Need a  Past Issue
-Click Here

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																							Enerfax  Daily? -? Page  ? -? November 7, 2000

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																											New  Pipeline Interconnection to Offer Canadian Supply

																											?  ? Empire State Pipeline and the National Fuel Gas have  completed a new
Canadian pipeline interconnection at Pendleton, NY,  allowing natural gas to
flow to the US from Canada. The volumes from  Canada could flow to the
Buffalo area market as well as to NFG's  interconnects with Tennessee Gas
Pipeline in East Aurora, NY and  Ellisburg, PA; Dominion Transmission in
Ellisburg; and  Transcontinental Pipeline and TETCO at Leidy. Empire Pipeline
is  owned by ANR and Westcoast Energy's St. Clair Pipelines. ANR  Pipeline
serves as the physical operator for Empire Pipeline, which  extends for about
156 miles from Buffalo to Syracuse. Most of the  natural gas will come from
Western Canada, and the new pipeline will  give more flexibility and supply
options for Empire's shippers.

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																														Enerfax  Daily? -?  Page 5? -?  November 7, 2000

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																									Natural Gas - NYMEX Reportable Positions as of  10/31/00?

																									? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ?
? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ?
? ? ?  ?Nonreportable
																									Non-Commercial?  ? ? ? ? ? ? ? ? ?  ? ? ?
Commercial? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ?Total? ?  ? ? ? ? ? ? ? ? ?
? ? ?Positions______
																									Long? ? |  Short? ? ?Spreading? ? ? ?  ? |Long? ? ? ? ?|
Short?  ? ? ? ? ? ? ? ? ?  | Long? ? ? ? ?| Short? ?  ? ? ? ? ? ? ?|
Long?  ? ? ? | Short?
																									7,039? ?  ?5,943? ? ? ?78,522? ?  ? ? ? ? ? ?431,107? ?  ?
447,203? ? ? ? ? ? ?  ? ? 516,669? ? ? 531,668? ?  ? ? ? ? ? ?39,178? ?  ?
24,178 Changes From 10/24/00 (Change In Open Interest:  -38,886)
																									-5,407? ? ? ?44? ?  ? ? ?-7,144? ? ? ? ?  ? ? ? ?-23,577? ? ?
-30,509? ? ? ? ? ? ? ?  ? ?-36,128? ? ? ?-37,609?  ? ? ? ? ? ? ? -2,758?  ? ?
-1,277
																									Percent of Open Interest for Each  Category of Traders
																									1.3%? ? ?  ?1.1%? ? ? ? 14.1%? ?  ? ? ? ? ? ? ? 77.6%?  ? ? ?
80.5%? ? ? ? ?  ? ? ? ? ? ? 93.0%? ?  ? ? ?95.7%? ? ? ? ?  ? ? ? ? ?
7.0%? ? ?  ? 4.3% Number Of Traders In Each Category (Total Traders:  156)
																									? ? ?37? ? ? ?  24? ? ? ? ? ? ?43?  ? ? ? ? ? ? ? ? ?  ? ? ?90? ? ? ? ?  ? ?
83? ? ? ? ? ?  ? ? ? ? ? ? ?  ?145? ? ? ? ? ? ?  ?134
																									(10,000
Mmbtu's)? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ?
? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ? ? ? ? ? ? ? ? ?  ?Open Interest: 555,846

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																										Rotary Rig Counts Down

																										?  ? The number of rigs exploring for oil and natural gas in North  America
fell by 8 for the week ending November 3rd, according to  Baker Hughes. The
number of rigs operating in the US fell by 6 to  763 to 1,078 compared to 763
a year ago. The number of rigs in  Canada fell by 2 to 362, compared with
last year's 336. In the Gulf  of Mexico, the number of rigs searching for oil
and natural gas fell  by 3 to 148 compared to 113 last year. The number of US
rigs  searching for oil rose by 4 to 232, while the number searching for
natural gas fell by 10 to 845. The number of US rigs exploring on  land fell
5 to 906, while the number operating offshore fell by 3 to  152. The number
in inland waters rose by 2 to 20.? There were  250 US rigs exploring
directionally, 68 exploring horizontally, and  760 exploring vertically. The
weekly rig count reflects the number  of rigs exploring for oil and natural
gas, not those producing.

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																																Enerfax  Daily? -?  Page 6? -?  November 7, 2000

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																															Enerfax  Daily? -?  Page 7? -?  November 7, 2000

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																									PG&E to Acquire Mississippi Power  Plant

																									?  ? PG&E's National Energy Group plans to acquire the rights  to the total
power generating capacity of an 810 MW natural gas  fueled, combined cycle
power plant in Mississippi operated by  Cogentrix Energy's? Southaven Power.
The generating capacity  will be acquired by PG&E Energy Trading under a
long-term  agreement. Terms were not disclosed.

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																										Financial Summary

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Fair Value is applied to plant and is being amortized over a useful life.
TW Fair Value is very similar to Goodwill in that it represents an excess over book value, and is not formally being recoverd in rates; BUT at the time of the  acquistion it was treated as a purchase price allocation an applied to plant. Goodwill is meant to be a "leftover" after all costs have been allocated.

-----Original Message-----
From: Geaccone, Tracy
Sent: Tuesday, November 06, 2001 9:21 AM
To: Saunders, James
Subject: FW: Transwestern Fair Value

?????

-----Original Message-----
From: Howard, Kevin A.
Sent: Tuesday, November 06, 2001 9:01 AM
To: Geaccone, Tracy
Subject: RE: Transwestern Fair Value

Banks want to exclude goodwill. How would you explain the difference between the two?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Please review the attached letter and forward comments to me ASAP, so that I may forward them to Anne.

Thanks.

Theresa Zucha on behalf of
Anne Koehler
Enron North America Corp.
1400 Smith St., EB3884
Houston, TX  77002
Phone:  713/345-4582
Fax:  713/646-3490


Mark -- Sorry for the rush on this.  Could you provide legal approval of this
click through demo of EnronOnline.  It's the most comprehensive discussion of
the functionality of our website.  The text you'll see will accompany various
screen shots.
The demo will be accessible through the web site.

Thanks

Kal Shah
x 39354


Please plan to attend an ECS/EES contracts meeting Friday, November 10 at 3
pm in eb 7c1.

Thank you

Xochitl Velasco


Max

Please create a manual invoice to MCV for the following item

Delivery Period Mar-02
Deal #332163
Contract 96001636
Volume 5000 x 31 days = 155,000
Price  $2.46
Pipeline  PEPL.
Location  Anadarko Pool.

The total amount should be $381,300.00.  Let me know if I missed something.

The Panhandle item for March 2002 is pathed but it's not passing through to settlements.  I'm not sure who to call about this.

Louis, this is Phil and I have come up with on the A/R balance.  Now this doesn't mean that we have sent out everything - its always possible that an invoice was never created even though everything looks ok in the trading and scheduling systems.  Our March 2002 Panhandle item is a good example.

Amount			Comment
$1,058,352.31		A/R Balance as of 5/9/02

   $472,171.50		April 2002 activity

     $26,143.85		This is part of the $381,300.00 manual invoice that Max will send out.  I believe MCV has agreed to pay this but only after we bill them.
     $17,942.80		Incorrect pricing for March 2002
   $384,975.00		MCV's replacement cost for MCV II that we did not serve in March 2002.  Ed needs to decide if MCV has the right to do this.  MCV
			support for this and the replacement prices seem reasonable.
   $429,061.65		1 To 30 day outstanding receivables

     $39,694.20		31 to 60 day outstanding receivables.  Pricing discrepancies for Feb 2002 production. We agree with MCV's pricing.

   $117,425.00		Remaining A/R balance after taking out the Current, 1 To 30, and 31 To 60 day aging items.


yep already been changed.  Thanks


fyi
 -----Original Message-----
From:  Kitchen, Louise
Sent: Tuesday, May 08, 2001 2:19 PM
To: Deffner, Joseph; Duran, W David
Cc: Lavorato, John
Subject: AIG Highstar

Friday is the day when we are supposed to close the Alamac sale to AIG
Highstar.  Should we fail to close this transaction, we should look to our
potential alternatives for withdrawing from the fund, unless of course we
view that we will close but it will happen over the few days following.
Interestingly, AIG may be planning to use further funds raised to create a
second fund rather than add to the current fund leaving us with more of a
percentage ownership but less capability of accessing the deals (fuel supply,
despatch and EPC rights would not be attached to any second fund).

We also have far too many people talking to AIG now and we need to stop this
immediately, going forward only Joe Deffner should communicate with Bob as at
the moment we have too many people doing all of the work for AIG for no
return.  As of Friday or the close of Alamac - Bob can only talk through
Joe.  We are not in the business of doing work for this fund.

Can you put together (only if we fail to close) a short review for John of
why we should stay in the fund over removing ourselves.  I recognize that
contractually we have no capability of exiting at this point but I know you
think differently and I hope you are right.  My view is that we need to get
out as we have no control over their investments.  I have spoken to Brian
Stanley on this fund and Brian is (unless someone in his group has a reason
not to)  happy to follow whatever approach we take particularly as EE&CC is
no longer a EPC company.


We should get together with the right tax person/people - maybe Jeff can
figure this out.

	Tana Jones
	10/13/2000 05:07 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: A Reminder

I just spoke to Frank, and spoke to Jeff Blumenthal earlier this week about
tax issues arising out of Amita executing documents on behalf of EOL and
ENA.  Frank just informed me that the Japan office has also been provided
with stamp of Sheri Thomas's signature so they can execute PA's out of
Japan.  Frank and I were thinking we might want to get together sometime next
week to discuss this.


Attached is a copy of the last draft of the LLC Agreement prepared by
ENA which I have revised to incorporate the changes discussed in your
recent telephone conversation with Doug Pedigo.  In the interest of
time, I have not revised the attached LLC Agreement to reflect the
substitution of Sweetgum for Tejas.

Section 6.1(c)(iii) was revised to reflect Sweetgum's right to freely
assign its LLC interest.  Section 6.2(a) was revised to reflect
Sweetgum's right to exercise the call at any time if it either obtains
or waives the GE consent.  Section 6.2(c) was revised to allow ENA to
exercise its put at any time (i) if it obtains GE's consent in form and
substance satisfactory to Sweetgum in its sole discretion or (ii) after
all GE warranties have expired.

To expedite matters, I am forwarding these changes to you at the same
time I am forwarding them to Doug.

 - 5wv0y02_.DOC


----- Forwarded by Sara Shackleton/HOU/ECT on 08/15/2000 04:00 PM -----

	Laine Borgman@ENRON
	08/11/2000 01:47 PM

		 To: Mike Fowler/Corp/Enron@ENRON
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: Trading Edge / Bond Link Agreement

Mike and Sara,

There is generally "no give" on the Enron language regarding affiliates
language which I have provided below.

"The following entities shall also be deemed to be included in the term
Subscriber and shall have the right to use the Service:  Subscriber's
wholly-owned subsidiaries and affiliated companies and those affiliated
companies in which Subscriber or one of its subsidiaries or affiliated
companies own an equity interest and which is under the direct or indirect
control of Subscriber or one of its subsidiaries or affiliated companies.
Furthermore, Subscriber shall also be allowed to have any agent or third
party service company or facility manager of Subscriber's IT functions to
assist it to the degree necesssary so that the Subscriber can fully access
and utilize the Service."

I will be happy to discuss any procedures we utilize and/or provisions in the
document.   It is also my understanding that Mike is expecting more contracts
of this nature so standardized and acceptable language will be to our
advantage.  Sara, our legal counsel is Mark Holsworth and he is "charged with
reviewing all the IP documents".

Let me hear from you soon.


Mark / Vince,

Follow up to my earlier bcc: to you guys.   Any particular interest in this candidate???

Regards,
Billy

-----Original Message-----
From: <jr289@router.mail.cornell.edu>@ENRON
Sent: Mon 10/15/2001 7:50 PM
To: Lemmons Jr., Billy
Cc:
Subject: RE: Associate program at Enron

Thanks for your quick response, Mr. Lemmons. I look forward to hearing  from

Traci Warner or her team, about my candidacy.

- Jayendran Rajamony

MBA Class of 2002

Johnson Graduate School of Management

Cornell University, Ithaca, NY 14853

        -----Original Message-----

        From: Lemmons Jr., Billy

        Sent: Mon 10/15/2001 9:35 AM

        To: Jayendran Rajamony

        Cc: Warner, Traci; Davis, Jeff D.; Walt, John

        Subject: FW: Associate program at Enron

        Jayendran,

        Thank you for your note, and for your interest in Enron's Associate /

        Analyst Program.  I've copied Traci Warner who leads Recruiting for

our

        Program.  Traci, or someone from her team will follow up with you.

        I've also noted your unique mix of weather / climate training and

        experience, combined with your financial analysis and risk management

        background.  We will highlight this experience with a couple of

specific

        groups.

        Please let me know if I can be of further assistance.

        Best regards,

        Billy Lemmons

        Vice President, Associate / Analyst Program

        >  -----Original Message-----

        > From:         <jr289@router.mail.cornell.edu>@ENRON

        > Sent: Sunday, October 14, 2001 3:31 PM

        > To:   billy@enron.com

        > Subject:      Associate program at Enron

        >

        > Dear Mr. Lemmons,

        >

        >

        >

        > Please find attached my resume and a cover letter stating my

interest

        > in the

        > Associate program at Enron. I look forward to discussing with you

soon

        > my

        > interest in Enron.

        >

        >

        >

        > At the Johnson School, I am building on my financial analysis and

risk

        > management skills as a portfolio manager in the $2 million Cayuga

MBA

        > Fund,

        > LLC. Previously, I managed ocean physics projects at a consulting

firm

        > for

        > the National Science Foundation and the Office of Naval Research. I

am

        > keen

        > on combining my understanding of the physics of weather and climate

        > with my

        > current training in finance, to structure various energy and

finance

        > transactions.

        >

        >

        >

        > Sincerely,

        >

        >

        >

        > - Jayendran Rajamony

        >

        > MBA Class of 2002

        >

        > Johnson Graduate School of Management

        >

        > Cornell University, Ithaca, NY 14853

        >

        >

        >  - JRajamony_resume_cover.doc <<JRajamony_resume_cover.doc>>

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

        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.

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


Attached is an Edison summary....no protest material.
?
Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.?  Suite 244
Woodland Hills, CA 91367
Tel:?? (818)  596-2201
Fax:? (818) 346-6502
douglass@energyattorney.com
 - 7-27-01 SCE AL Summary Chart.doc


Team:

Just wanted to let everyone know that Finance Day 2001 at MSB went very well from Enron's perspective.  Mark Bonney (Manager, RAC) and I were on two panels and led a discussion of a short case (theme: proposed new power plant in U.S.) during the Enron-sponsored lunch.  Although Enron's current difficulties were not raised by any student (the Finance Club had recommended against bringing the events of last week up), they were raised by a professor during the second panel.  Mark and I did our best to put LJM and other current issues in perspective.

After lunch, one student summed up the apparent sentiments of all.  She said, "Enron has stood by Georgetown in this difficult year by interviewing on campus and bringing eight of us back for Super Saturday.  A lot of "fair weather" employers are absent this year.  Enron has stood by Georgetown, and Georgetown will stand by Enron."  That was neat to hear.

If anyone has the time to "stand by" Paul, please help him out with Wharton and Stern.

Regards,

Kirk

 -----Original Message-----
From: 	Lebeau, Paul
Sent:	Friday, October 26, 2001 6:13 PM
To:	Akan, Emel; Bergoglio, Teseo; Canavati, Juan; Corbacho, Sebastian; Dayvault, Guy; Furey, Denise; Garg, Alok; Gonzalez, Andrea; Griffin, Scott; Ham, Roshena; Herasimchuk, Alyse; Howe, David; Hunter, Sarah-Joy; Jennaro, Jason; Kose, Ahmet; Malamud, Yoselyn; McDonald, Rob; Mitchell, Heather; Neuner, Kirk; Patrick, Christie; Polsky, Phil; Rosen, Michael B.; Samudio, Juan; Soldano, Louis; Sparling, Jay; Steffes, James D.; Will, Nathan; Willis, Jim; Wood, Brian; Xu, Calvin
Subject:	Need a Little Help

Hello GT Team,

I am interviewing  at Wharton and Stern - NYC next week we are in a bind.  I am in need of interviewers, last minute cancellations.

Need:

Wharton:  Second Rounds Oct 30th (Need One)

NYU :  First Rounds Nov 1 (Need Two)

If you are available, please let me know.

Thanks -=- Paul L.


Listen MagOO!  I told you to download that stuff and view it later.  That is
the only gibberish that you should be receiving.

CHARLES200064@aol.com on 10/10/2000 12:10:26 PM
To: Dana.Davis@enron.com
cc:
Subject: Re: Good Morning!

Good morning,

    Indeed it is a good morning, waking up and finding you there. However I
am not from Arkansas, therefore I can't understand that coded debris, can you
simply write in words!!!!!


Kenneth L Lay? here is how you can reach 4,600,000 active and passive IT
candidates*

The "2001 IT Career Guide" in the Employment Review banner feature within the
USA TODAY "Year In Review" issue December 29, 30 & 31.

The "2001 IT Career Guide" will feature editorial on "In-Demand Careers and
Hot Industries" for 2001 and a bannered recruitment-advertising section.

If your hiring needs include IT professionals with these backgrounds:

Information Systems

	MIS/DP

e-Commerce

	Internet

Networking

	LAN/WAN

Platforms

	Applications

Wireless

	Telecommunications

Electronics

	Semiconductor

Software

	Hardware

Multimedia

	Web Development

Technical Support

	Sales

Advertising in this special recruitment-advertising bannered feature, "2001
IT Careers," guarantees that your hiring message reaches the widest audience
of active and passive IT candidates.

Target your recruitment ad to candidates in your area with any of the 25
advertising print markets within the United States.

Reserve space now ) we sold out last year

Materials are due December 22, 2000.

Please contact me immediately for additional information, discounted rates
and space availability.
Terry Preston, National Sales Managertpreston@rcimedia.com or call (561)
686-6800 x256

*1999 Intelliquest CIMS Business Study

?

=================================================================
This information has been e-mailed to keep you
apprised of recruitment-advertising opportunities
designed to get your hiring needs in front of
hard-to-find candidates.
If this information is not suitable for your area
of responsibility or if you want to be removed
from our distribution list, please e-mail
nothankyou@rciinfo.com


Today at FERC, Enron filed a pleading requesting the complete elimination of "icap" as a product (including any "reserve type" products) based on the fact that the real time spot markets of the RTOS can effectively price this in the cost of energy.  The pleading also includes a proposed interim approach (with a two year sunset date).  This pleading was made in response to FERC's request for comments on "Ensuring Sufficient Capacity Reserves In Today's Energy Markets."

The pleading and affidavit of Larry Ruff, PhD are attached.


Are we still getting a demand charge bill from Equitrans for contract 270?  I
am still estimating about $5,000 per month.


Start Date: 1/30/02; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002013002.txt


NESA/HEA Members ~

Don't forget to join us tomorrow (Thursday, January 18th) for our first
Membership Mixer of 2001 at PAESANOS LOUNGE located at 213 Milam between
Franklin and Congress Streets in the downtown Market District.  Sponsored by
NATIONAL ENERGY & TRADE, LLC, the fun begins at 5:00 p.m. and your first
drink is free when you mention you're with NESA/HEA at the door.  There will
be a buffet available for our group as well as valet parking.

Remember that PAESANOS also offers a great selection of fine cigars for your
enjoyment while you network with other industry colleagues, and special
guest artist, YVONNE WASHINGTON, performs at 8:00 p.m.  We're expecting a
great turnout, so don't be left out!

As part of our Membership Drive, bring a new member with you and become
eligible for a great door prize, graciously donated by Kay Atchison
(NESA/HEA Co-Chair) from Duke Energy.  It's a great opportunity to renew
your dues as well.  Again, if you didn't receive your renewal in the mail,
I'm attaching a pdf file that can be opened in Adobe Acrobat.  If you don't
have that application, download it FREE from our website at www.nesanet.org.
Hope to see you there!  You can't afford to miss this event!

 <<NESANEAmembership.pdf>>

 - NESANEAmembership.pdf


Jeff:

Got your voice mail this weekend, and Steve wanted to add a couple short
items to our ICA analysis memo before sending it to you.  We should have
it to you today (soon).

Hope the New Year looks bright -

Jeremy Meier
Blumenfeld & Cohen


Notice no. 00-381
November 6, 2000

TO:
ALL NYMEX/COMEX MEMBERS
ALL NYMEX/COMEX MEMBER FIRMS
ALL NYMEX/COMEX CLEARING FIRMS
ALL NYMEX/COMEX OPERATION MANAGERS

FROM: Stu Smith, Senior Vice President

RE: Reminder - Exchange Early Closing Schedule for November 22, 2000

Please be reminded that the Exchange will close all markets earlier on
Wednesday, November 22, 2000, the day preceding Thanksgiving.  The following
early contract closing schedule will be implemented:

Commodity and Closing Range

NYMEX DIVISION

Palladium Futures: 11:58 a.m. - 12:00 noon
Platinum Futures and Options: 12:08 p.m. - 12:10 p.m.
Heating Oil Futures and Optioins: 12:58 p.m. -  1:00 p.m.
Unleaded Gasoline Futures and Options: 12:58 p.m. -  1:00 p.m.
Propane Futures: 12:58 p.m. -  1:00 p.m.
Crude Oil Futures and Options: 12:58 p.m. -  1:00 p.m.
Henry Hub Natural Gas Futures and Options: 12:58 p.m. -  1:00 p.m.
Permian Pool Natural Gas Futures: 12:58 p.m. -  1:00 p.m.
Alberta Natural Gas Futures: 12:58 p.m. -  1:00 p.m.
Gulf Coast Gasoline Futures: 12:58 p.m. -  1:00 p.m.

COMEX DIVISION

Aluminum Futures and Options: 11:59 a.m.  - 12:00 noon
Copper Futures and Options: 12:04 p.m.  - 12:05 p.m.
Silver Futures and Option: 12:04 p.m.  - 12:05 p.m.
Gold Futures and Options: 12:09 p.m.  - 12:10 p.m.
The Eurotop 100 & 300 contracts will conduct normal trading hours.

The NYMEX Late Submissions Area is scheduled to close at 2:30 p.m. and the
NYMEX Trade Correction Area will close at 3:15 p.m., the TMS trade allocation
screens will be available until 4:30 p.m.  The COMEX Division,s OLTE System
will be available for corrections until 2:30 p.m.  In the event that you
require additional time to process work, or have questions regarding early
close procedures, please call Fred Tantao 299-2045, Rob Stasi 299-2067,
George Henderson 299-2071, Les Faison 299-2070 (NYMEX Division) or David
Sherman 299-2061, Michael Campanelli 299-2072 (COMEX Division).

* All Electricity Future and Option contracts traded on NYMEX Access will
close at 1:00 p.m.

__________________________________________________
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=(00-381)"

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.


-----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 22, 2001 11:57 AM
To:	Kitchen, Louise; Dietrich, Janet; Delainey, David; SMITH, Douglas; Lavorato, John; Black, Don; Forster, David; Duran, W. David; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Black, Tamara Jae; Aucoin, Berney C. ; Furrow, Dale; Meyn, Jim; Harvey, Claudette; Presto, Kevin M.; Jacoby, Ben
Subject:	FW: Summary RTO Week Day 2 -- Planning & Expansion

FYI.

TJ and Claudette -- please forward to your groups.  Thanks.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Wednesday, October 17, 2001 10:17 PM

  RTO Week
Day 2 -- October 16, 2001
Transmission Planning & Expansion
The afternoon panel discussed transmission planning and expansion. The panelists were: Jose Degado--CEO American Transmission Company, Michael Dworkin--Chair Vermont PSC, Mark Maher--VP Transmission Business Line, Bonneville Power Administration, Lara Manz--PSE&G, Masheed Rosenqvist--National Grid, Steve Walton--Enron.
General Observations
The Commissioners were all present although the did leave and return from time to time.  Commissioner's Breathitt and Massey were the most active in questioning.  The FERC Staff were active in asking questions after the initial presentations, moving along the discussion by asking questions.  There was some reference to the morning discussion of congestion management, however, there was no discussion of the merits of the various types of transmission rights.  There was a good deal of consensus around the concept of the RTO Planning Process being first a provider of information to the market (where are problems, how might they be solved, etc.) and that the where possible that expansion be funded by market participants who would benefit.  There was a good deal of discussion of "least cost planning" and the identification of options which are not transmission related.  All agreed there had to be backstop authority to build transmission, however then the challenge is who pays for it, which raises the need for dispute resolution.
Opening Statements
Jose Delgado: ATC is a transmission only company with MISO as the system operator.  They view everyone as a customer whose needs are to be met.  They were formed by divestiture by IOUS, coops and munis and with a $500 million asset base initially. Their current ten year plan will add $1billion of investment.   Their top priorities are connecting generation and load.
Michael Dworkin: Because transmission is a common good, construction affects all parties not just one party.  The environmental and permitting of lines requires a balance of benefits with costs and a long range view.  The idea of joint boards should be considered for dealing with multi-state projects, although FERC has show little interest in joint boards they have been used by FCC.  State input needed because of the local needs and impacts which must be considered.
Mark Maher: FERC must consider the unique characteristics of the West when considering congestion management.  LMP is not a good fit to hydro systems with their multiple use obligations.  RTO West is developing a planning process which will give the RTO the freedom to develop options as we learn in the future.  The RTO needs a strong centralized planning process.
Laura Manz: The various aspects of planning are connected.  Pricing (LMP) is the key to getting the right signals for expansion of transmission and resources.   No competitor should have an advantage over another.  The RTO needs a central planning process but it shouldn't push solutions.  The market should decide on solutions.
Masheed Rosenqvist: The morning discussion of congestion management talked about hedging against risk.  The planning discussion is not about what we have now, but about how to avoid future congestion.  The Commission has taken conflicting positions in different cases.  The issues that need to be answered are:  How can merchant transmission be compensated?  Should transmission projects be open to RFPs?  Is FERC open to market based pricing for expansions?
Steve Walton:  The most important thing for FERC to do for expansion is to settle the matter of industry structure do away with the uncertainty that has frozen transmission investment.  The RTO debate has been going on for 5 years or more and needs to be settled.  For expansion to go forward, there needs to be a clear property right which accrues to the expanding party.  You are always going to have muddy issues in planning.  For instance if a 138 kV line is all that is needed to day, but future considerations of scare right-of-way say a 345 kV line should be built, who pays for the extra cost.  In order to resolve such matters the planning process must include a dispute resolution process, appeal able to FERC, to decide such matters.
Discussion
Kevin Kelly asked about he fact that some parties benefit form current congestion so how does a stakeholder process get things built when some oppose.  Most agreed that if a party wants to fund construction it should be built with the beneficiaries funding.  Michael Dworkin expressed concerns about use of eminent domain to build which means a benefit test must exist to say this is the best solution, i.e. least cost planning.  This lead to discussion of the need for the RTO to be provider of information to all parties so they can make intelligent decisions.
Commissioner Massey asked about whether the system was (a) under built and needed lots of expansion so don't worry about overbuilding or (b) transmission planning should consider all options before construction of new facilities.  The panel agreed that pricing needs to be a prime determinant in the process.  Michaela Dworkin worried that overbuilding distorts decisions.  Laura Manz felt that the term "under built" is a secondary effect of not having proper pricing of locational prices to guide parties.
Dick O'Neil asked if LMP will work in the West.  Mark Maher said it wouldn't.  Laura Manz said it applies everywhere because of physics, they manage hydro facilities in PJM.  Michael Dworkin said LMP means an explicit measure of cost of congestion and the value of generation at locations and ought not to be rejected just intelligently designed.  BPA is looking pricing model but LMP won't work.  Steve Walton said LMP needed for real time dispatch, but given the nature of the Northwest hydro system it must have some "tweaks" like bilaterals and allow operator self-schedule output levels to permit  river coordination.  Hydro system optimizes over weeks and months to maximize firm energy production not on an hour to hour basis.  PJM has hydro, but not 70% as in the Northwest.  Implementation will be different because such thing as unit commitment are different when you have primarily hydro and base load coal.
In the summation at the end of the panel, four principles were listed:  (1) RTO must provide information, (2) RTO should identify solutions, (3) RTO should be unbiased and (4) the RTO should be accountable.  The disagreement was over the last two points, Michael Dworkin felt that #3 (unbiased) was critical and that #4 (accountability) was accomplished by having regulators involved in governance.  Jose Delgado said and Transco can't be unbiased since it provides services, although the ISO above it can be, but accountability is based on loosing your investment if you make an mistake.  This last point really comes down to a preference for ISO over Transco forms and the tension which exist because unbiased and accountability issues.
Steve


Kevin,

October 2 sounds fine. I am going to try to be there earlier than that but I
am sure I will be in and out of the office taking care of bullshit. Will the
package they are sending include info. on movers? I want to book them as soon
as possible.

kcd


Dear Tana,

Re Japanese counterparties generally, we are preparing a list of documents to
be submitted at time of application for passwords, as well as a check box for
use by EOL staff in considering applications to deal with the various general
legal issues which have been raised.  (The idea is that anything which falls
out of the boxes comes to me for separate consideration but we trying to do
it to minimize this need.)

Re Japanese counterparties which want to do weather, the safest approach for
a would-be counter party which is not a bank, securities company or insurance
company (or at least does not have these words in its name) is for the
application to come back to me in Tokyo for consideration in the context of
the laws which prohibit gambling and what we can do to protect ourselves.

Thanks.

Jane McBride

	Tana Jones@ECT
	10/13/2000 01:58 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: Japan PAs

Per our conversation while you were here, attached is a list of all the
Japanese counterparties that have requested Password Applications from
EnronOnline.  Let me know you thoughts about this, and, as we discussed,
online due diligence with respect to Japanese counterparties.
----- Forwarded by Tana Jones/HOU/ECT on 10/12/2000 11:56 AM -----

	Lisa Lees
	10/05/2000 08:53 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Japan PAs

Let me know if you need anything else.


Gareth:  Thanks for that note.  Have a happy new year!    Mark Haedicke


John,

The fax is coming in as we speak.  Guess it takes a while to fax it to all
those addresses.

Would you mind call Jerry Jerry BoBerry and see what he will tell you is the
substance of their issues, and share with him our issues.  I don't see a
reason to kirk the whole clan for that experience.

Thanks,

Kay


- Mmay3100.doc


CALENDAR ENTRY:	REMINDER

Description:
	"Z" Dr. Appt. @2:PM

Date:		3/5/2001
Time:		8:00 AM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


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[IMAGE] ADVERTISEMENT    ENERGIZE YOUR CAREER - The Energy Central Job Center has a new look,  new features, premier employers and is updated daily! Visit the energy  industry's largest on-line job center today:  http://www.energycentral.com/sections/jobs          National Energy Policy     Cheney again refuses to give energy policy details   By Randall Mikkelsen, WASHINGTON, Jan 23 (Reuters) Vice President Dick Cheney's office again refused on Wednesday to turn over details of how the White House formulated its energy policy -- including bankrupt Enron Corp.'s involvement -- despite increased pressure from Congress.      Mergers, Acquisitions & Divestitures     Securities and Exchange Commission Told to Review Power-Company Merger   By Rick Robinson, The Daily Oklahoman, Jan. 22 In a decision trumpeted by small electric companies as a victory for consumers, a federal appeals court Friday sent the merger of two large power companies back to the Securities and Exchange Commission for further consideration.      Legislation/Regulation     Fired Andersen partner refuses to testify on Enron   WASHINGTON, Jan 24 (Reuters) - A fired partner of auditor Andersen on Thursday refused to testify to Congress on the destruction of evidence in the collapse of energy giant Enron, prompting lawmakers to say he was frustrating their probe.       Text of Enron Auditor's Testimony   By The Associated Press, Jan 24, 2002 (AP Online via COMTEX) --  The discussion Thursday between fired Enron auditor David Duncan and Rep. Jim Greenwood, R-Pa., chairman of a House Energy and Commerce subcommittee investigating the Enron collapse:       Flurry of Enron Hearings to Begin; Scrutiny May Lead to Changes in Laws   By Christopher Lee, The Dallas Morning News, Jan. 24 When Enron went down, a great many public policy issues came up.       Democrats May Also Feel Sting from Enron's Lobbying, Campaign Contributions   By Robert Schlesinger, The Boston Globe, Jan. 24 With congressional hearings on the Enron Corporation's collapse scheduled to resume today, Democrats face a touchy political question of how much -- if at all -- they can profit from the scandal politically.       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Committees investigating Enron   By United Press International, Jan 24, 2002 (United Press International via COMTEX) -- Here is a list of Congressional committees investigating Enron:       Congress should study derivatives trading regulation after Enron - Lieberman   WASHINGTON, Jan 24, 2002 (AFX-Asia via COMTEX) --  Senator Joe Lieberman said that Congress needs to restore investor confidence and protect retirement security, in the wake of Enron Corp's collapse, and should also assess whether to regulate energy derivatives trading and deregulate energy markets.       Auditor Decides Not to Testify in Enron Hearing   Knight Ridder Washington Bureau, Jan. 24 The auditor fired for shredding Enron documents in the midst of a government investigation has declined to testify before lawmakers when a series of hearings opens Thursday on Capitol Hill.       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Trading/Marketing     Two Congressional Panels Extend Enron Scrutiny to Energy-Trading Allegations   By Jim Landers, The Dallas Morning News, Jan. 24 Two congressional committees are investigating allegations that Enron Corp. manipulated energy trading markets to profit from insider information.       APX Exceeds 500 Million Megawatt Hours in 2001 Power Transaction Processing   SANTA CLARA, Calif. (Jan. 24, 2002) (News Release) APX, a provider of transaction processing services for the electric power industry, today announced that it processed a total of more than 500 million megawatt hours in wholesale electric power transactions in 2001.      Power Pricing/Supply     West Power Expecting Modest Boost from Cooler Weather   Jan. 24 (Btu's Daily Power Report) Power prices in the Western U.S. moved slightly higher today on the heels of weather forecasts indicating that a cold front should settle into the region by next week. Special Offer from this Publisher!        Steady as She Goes in Power Markets   Jan. 23 (Special to Western Price Survey Contacts) There was little movement in power prices this week and little to report that differed from last week. Special Offer from this Publisher!        Duncan Demands Immunity   Jan. 23 (Energy Market Report) Day-ahead peak power prices in the Western U.S. were mostly steady for Thursday delivery amid weather forecasts calling for a slight increase in temperatures and an abundance of Northwest hydropower. Special Offer from this Publisher!       Power Projects     Proposed Buttonwillow, Calif.-Area Power Plant Raises Environmental Concerns   By Erin Waldner, The Bakersfield Californian, Jan. 22 A proposal to build a 49.5-megawatt electrical power plant near Buttonwillow has raised some concerns about possible environmental impacts.       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Bryson Hull, HOUSTON, Jan 24 (Reuters) A federal judge on Thursday ordered six key Andersen employees to give early depositions about the shredding of Enron-related documents, handing an initial victory to shareholders suing the auditor and the failed energy giant's top insiders.      Renewables     Shell adds Texas wind farm to U.S. power portfolio   HOUSTON, Jan 24 (Reuters) Shell WindEnergy Inc., seeking to boost its wind power portfolio, said Thursday it acquired an 80 megawatt wind power facility on the north Texas plains from Cielo Wind Power LLC.       Construction begins on controversial Ugandan dam   By HENRY WASSWA Associated Press Writer, KIKUBAMUTWE, Uganda, Jan 24, 2002 (AP WorldStream via COMTEX) -- After eight years of opposition, construction began Thursday on a dam project that will be the largest single investment by an American company in sub-Saharan Africa.       China to Build 8 Power Stations on Lancang River   CHINA, Jan 24, 2002 (AsiaPort via COMTEX) --  China will build eight hydroelectric power stations at the middle and lower reaches of the Lancang River in southwest China, the fifth longest in the country.      Plants     Surry, Va.-Area Officials to Go to Florida to Tour Power Plant   By Jessie Halladay, Daily Press, Newport News, Va., Jan. 23 Eight county officials will travel to Florida on Thursday to visit a natural-gas-fired power plant similar to one that Calpine Corp. wants to build on Hog Island.      People     Energy Secretary Names Bonneville Head   WASHINGTON, Jan. 24 /PRNewswire/ Department of Energy Secretary Spencer Abraham announced today the appointment of Steve Wright as administrator of the Bonneville Power Administration (BPA).       Texas Senator Defends Wife's Actions on Enron   By Jim Landers, The Dallas Morning News, Jan. 23 Texas Sen. Phil Gramm on Tuesday defended his wife's actions on Enron Corp.'s board of directors and said the couple lost more than $600,000 in the energy company's bankruptcy.       Colorado Senators to Give Up Campaign Money from Enron, Andersen   By Mike Soraghan, The Denver Post, Jan. 23 U.S. Sen. Wayne Allard reversed himself Tuesday and decided to give up thousands of dollars in political contributions from Enron and Andersen LLP.       Pennsylvania Senate Panel Supports Public Utility Commission Nominee   By David DeKok, The Patriot-News, Harrisburg, Pa., Jan. 24 A state Senate committee Wednesday unanimously recommended Kim Pizzingrilli for a seat on the state Public Utility Commission.       Newsmaker-Enron's Lay scorned, lauded for vision   By Andrew Kelly, HOUSTON, Jan 23 (Reuters) Ken Lay, who resigned as chairman and chief executive officer of bankrupt Enron Corp. on Wednesday, was once lauded as a visionary of the energy business but more recently vilified as a callous profiteer.       A look at the life of former Enron Chairman Kenneth L. Lay   By PAM EASTON Associated Press Writer, HOUSTON, Jan 24, 2002 (AP WorldStream via COMTEX) -- A pillow former Enron chief executive Kenneth L. Lay once had in his upscale Houston home read: "Happiness is a positive cash flow."       Sharpton offers Bush mother-in-law help on Enron   HOUSTON, Jan 23 (Reuters) Civil rights activist Al Sharpton offered on Wednesday to help President George W. Bush's mother-in-law recoup her lost Enron Corp. stock investment as part of his campaign to get government help for victims of the company's financial collapse.       Jesse Jackson to meet, pray with Enron's Lay   HOUSTON, Jan 24 (Reuters) Civil rights activist Rev. Jesse Jackson and former Enron Corp. chief executive Ken Lay were set to talk on Thursday night in a meeting at Enron headquarters that was likely to include a prayer session, a Jackson spokesman said.      Labor/Human Resources     Enron's Once-Proud Workers Left Feeling Betrayed   By Bob Dart, The Atlanta Journal-Constitution, Jan. 24 Enron left a voice mail message for Mark Lindquist to let him know that he had been laid off.       Officials Look Into Time When Enron Blocked Stock Sales   By David Ivanovich, Houston Chronicle, Jan. 24 The Labor Department's probe into the Enron debacle has focused on a period when participants in the company's 401(k) retirement plan were barred from selling their Enron stock, Labor Secretary Elaine Chao said Wednesday.      Fuel     South Carolina Governor Takes Wait-and-See Stance on Plutonium Plant Plan   The State, Columbia, S.C., Jan. 24 U.S. Department of Energy officials will meet with Gov. Jim Hodges today to discuss shipping 34 metric tons of plutonium to South Carolina for processing a proposal that has yet to receive the governor's blessing.       Foes Speak Out against Tax Exemption for Kentucky Uranium Plant   By Bill Bartleman, The Paducah Sun, Ky., Jan. 24 A bill to exempt enriched uranium produced at the Paducah Gaseous Diffusion Plant from the state sales tax met with opposition Tuesday, but supporters don't think the measure is dead.      Environmental     Overseas, U.S. Firms Warm Up to Emissions Protocol   By Carter Dougherty, The Washington Times, Jan. 24 Major U.S. companies see potential opportunities and pitfalls in the Kyoto Protocol even though the Bush administration vowed not to follow the global-warming agreement last year.       Whitman Meets With Attorneys General   By JOHN HEILPRIN Associated Press Writer, WASHINGTON, Jan 23, 2002 (AP Online via COMTEX) -- Attorneys general from seven East Coast states met Wednesday with Environmental Protection Agency chief Christie Whitman to argue against easing cleaner air rules adopted by President Clinton.      Nuclear     Regulators Ponder Penalty for Improper Waste Handling at Texas Nuclear Plant   By Neil Strassman, Fort Worth Star-Telegram, Texas, Jan. 24 TXU Energy should not be penalized for the improper handling of low-level radioactive waste at its Comanche Peak nuclear power plant, company officials told the Nuclear Regulatory Commission on Wednesday.       Barney Rubblized: GAO Questions New Nuke Owners' Long-Term Viability   Jan. 24 (California Energy Markets) The time span between the late Stone Age and 2002 is just about the same as that between now and when high-level radioactive waste should dissipate thoroughly.  Special Offer from this Publisher!        Austria Holds Off on Early Elections   By WILLIAM J. KOLE Associated Press Writer, VIENNA, Austria, Jan 24, 2002 (AP Online via COMTEX) -- Austria's far-right Freedom Party withdrew its call for early elections Thursday, easing a government crisis triggered by a dispute over the party's threat to block EU membership for the Czech Republic.      Financial     Ex-Enron employee says unit hid losses of $500 mln   By Andrew Kelly, HOUSTON, Jan 24 (Reuters) Bankrupt Enron Corp. hid losses of $500 million at its energy management unit, Enron Energy Services (EES), creating an illusion of profitability by transferring the losses to other parts of the company, according to allegations by a former employee.       Derivatives at root of Enron collapse, expert says   By Andrew Clark, WASHINGTON, Jan 24 (Reuters) Enron Corp.'s extensive use of derivatives, not just its accounting practices, lie at the root of the fallen energy giant's slide into the largest bankruptcy in U.S. history, an expert in the complex financial instruments told Congress on Thursday.       California Employees' Retirement System Played Unwitting Role in Enron Debacle   By Dale Kasler, The Sacramento Bee, Calif., Jan. 24 It was a simple and straightforward arrangement for CalPERS, and a profitable one, too.       EnBW declines comment on report chairman to make proposal to postpone IPO   KARLSRUHE, Germany, Jan 24, 2002 (AFX-Europe via COMTEX) --  Energie Baden-Wuerttemberg AG declined to comment on a report that chairman Gerhard Goll will today propose to the supervisory board a postponement of the utility's listing on the stock market, originally planned for May this year.       What Accounting Changes Should the Energy Industry Expect from the SEC?   By Will McNamara, IssueAlert, Jan. 24 (Scientech) Responding to growing pressure over Enron's collapse, the head of the Securities and Exchange Commission (SEC) has proposed to have a group of outside experts discipline accountants rather than relying on the industry to police itself. Special Offer from this Publisher!        Enron's Collapse Has Tiny Effect on South Carolina Pension Fund   By R. Kevin Dietrich, The State, Columbia, S.C., Jan. 23 The S.C. Retirement Systems lost millions of dollars late last year because of an investment in troubled Enron Corp.       Enron Debacle Is a Wake-Up Call to 401(k) Investors   By Kelby Hartson Carr, The Free Lance-Star, Fredericksburg, Va., Jan. 24 The highly-publicized Enron fiasco is a wake-up call for people who invest in employer retirement plans.       Progress Energy files $2 bln shelf of debt, equity   WASHINGTON, Jan 23 (Reuters) Progress Energy Inc. on Wednesday filed with U.S. regulators to sell over time up to $2 billion worth of senior debt securities, common and preferred stock and stock purchase contracts and units.       Pitt opposes new body under accounting industry   By John Poirier, WASHINGTON, Jan 23 (Reuters) U.S. Securities and Exchange Commission Chairman Harvey Pitt continued on Wednesday to promote revamping oversight of the accounting profession, saying he opposes a structure placing a new oversight body under the control of the industry.       FEATURE-Under the gun, earnings reports come clean   By Deepa Babington, NEW YORK, Jan 24 (Reuters) Now here's something investors will be pleasantly surprised to see popping up in corporate earnings press releases: Easier-to-understand financial reports.      Financial - Ratings     Power company dealmakers face changes after Enron   By Arindam Nag, NEW YORK, Jan 23 (Reuters) The demise of Enron Corp. is forcing acquisitive U.S. power companies to adopt new tactics including appeasing credit rating agencies in order to retain investor interest.      Financial - Results     Dynegy Reports Net Income of $77 Million for Fourth Quarter   By Nelson Antosh, Houston Chronicle, Jan. 24 Dynegy said Wednesday its fourth-quarter earnings were whittled down by special charges mostly related to its exposure to Enron and an aborted merger with it, but the full year was a record-breaker.       Florida Power's Parent Ends Year with Loss   By Steve Huettel, St. Petersburg Times, Fla., Jan. 24 The parent of Florida Power Corp. on Wednesday reported a $90.5-million loss for the final quarter of last year after it discounted the value of two technology investments.       Southern Co. fourth-quarter earnings rise   ATLANTA, Jan 24 (Reuters) Power producer and distributor Southern Co. said Thursday its fourth-quarter profits rose as customer growth and cost controls offset the effects of unseasonably mild weather and a weak economy.       Dominion earnings rise, excluding unusual items   RICHMOND, Va., Jan 24 (Reuters) Utility holding company Dominion Resources Inc. said Thursday fourth-quarter profits rose due to strength in its power generation and gas pipeline business.       MDU Resources earnings fall as revenue drops   BISMARCK, N.D., Jan 24 (Reuters) MDU Resources Group Inc., a power and gas utility with oil and gas production, on Thursday said earnings fell in the fourth quarter as revenues declined.       Sempra fourth quarter profits rise   LOS ANGELES, Jan 24 (Reuters) - Sempra Energy said on Thursday fourth-quarter profits rose 11 percent despite flat earnings from its Californian utilities and a sharp drop in reported results from its key energy trading business.       Raleigh, N.C.-Based Utility Reports Strong Fourth-Quarter Earnings   By Dudley Price, The News & Observer, Raleigh, N.C., Jan. 24 Progress Energy, the parent corporation of CP&L, overcame mild weather and a slowing economy that reduced industrial demand for gas and electricity to report strong fourth-quarter earnings.      International     Norway to offer help to N.Korea on power shortage   SEOUL, Jan 24 (Reuters) Norway will offer support to North Korea with expertise in hydro power for the energy-short country, Prime Minister Kjell Magne Bondevik said on Thursday.       Enron business model in Europe still valid-analysts   LONDON, Jan 24 (Reuters) The collapse of U.S. energy group Enron is unlikely to stop other utilities in Europe adopting a similar business model to that of the Houston-based giant, an analyst's report said on Thursday.       Enron collapse casts doubt on American model for deregulating energy in Asia   By REGAN MORRIS Associated Press Writer, SINGAPORE, Jan 23, 2002 (AP WorldStream via COMTEX) -- Cronyism, cooking the books, nepotism - when it comes to corrupt business practices, Asia is infamous.       Chechnya got 900 million kilowatts gratis in 2001   By Vadim Manenkov, GROZNY, Jan 24, 2002 (Itar-Tass via COMTEX) --  Chechnya's enterprises and homes got 198 million roubles worth of electric power in 2000, and 270 million roubles worth in the year 2001 free of charge, according to Nurdin Usamov, deputy head of a RAO UES department.       Enel, gencos to be sold off by the end of 2002   Jan 24, 2002, (La Stampa /FT Information via COMTEX) --  Franco Tato, managing director of Italian electricity group Enel, has said that Enel's market share dropped below 50 per cent in 2001 and will drop even further following the disposal of its power generation companies (gencos), the sale of which will be completed by the end of 2002.       Five French companies face peculiar privatisation problems   Jan 24, 2002, (Le Monde /FT Information via COMTEX) --  The proposed privatisation - either partial or total - of five of France's public-service providers presents five different challenges, say observers.       Brazil govt to ease energy rationing further in Feb   BRASILIA, Jan 24, 2002 (AFX-Asia via COMTEX) --  The government will further ease energy rationing at the beginning of February, with all classes of consumers being allowed to increase usage by 7.5 pct, official news agency Agencia Brasil reported.   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1.  The index premium of $.032 is correct.

2.  Kimat Singla entered this deal in the system and it shows Maureen Smith
as the ENA trader and Tim Ray as the EES trader.  You should ask one of those
3 people.

	Enron North America Corp.

	From:  Vivien Pham                           03/13/2000 02:38 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: 2/00 - CNGP Purchases

Chris,

1-  According to EES, the price on deal #116090 should be CNG.APPAL.IF.M.I
+0.014.  However, Sitara shows the price index is CNG.APPAL.IF.M.I +0.032.
Could you please verify which rate should I be using in billing EES?

2-  On deal #156406, I was told by Judy Barn that this is an internal
(financial) deal, therefore, it did not get downloaded into Settlement.
However, per Patricia Downey at EES, this is a financial deal that was turned
physical.  Would you please also confirm this wherether we should bill EES
for this deal or not?

Thank you in advance for your help.
Vivien
X3-9558

---------------------- Forwarded by Vivien Pham/HOU/ECT on 03/13/2000 02:24
PM ---------------------------
From: Patricia Downey@EES on 03/08/2000 12:28 PM
To: Vivien Pham/HOU/ECT@ECT
cc:
Subject: 2/00 - CNGP Purchases

Vivien:  I have spoken with the EES scheduler on two CNGP deals and on the
40,281 volume (Sabine 702US) - this is a term deal that has always been
IF+.014.  It appears that ENA has changed the adder.  Please check as to why
this rate has changed.

Also on the CNGP deal where we (EES) has 186,180 at 3.406 - this is a
financial deal that was turned physical.  You may need to check with a Chris
Germany on both of these deals.  ENA doesn't even have this 186,180 entered.

Let me know.

THX
Patricia


Can we delete the inactive books listed in the drop down box in TDS?  Also, can we set up another selection that includes all books less Phillip Allen's.

Thanks,

Mike


Jack Wells is the contact for both - I've added his name to deal #507417.
According to Sean Crandall, these deals are separate from 347356. That deal
was a sale, and the deals entered today are all buys. Sean said we're just
buying back the MW we originally sold them. But I think that's the only
connection. Let me know if you need more of an explanation from the traders,
but our take is that these deals are separate.

Thanks,
Kate

	From:  Sharen Cason                           01/29/2001 04:05 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal 507430 and 507417

Are these two deals part of the original Conoco deal # 347356 that they are
extending or something different?  We need to know because we have to add
something in the confirmation if they are extensions of the original deal.
Also, is Jack Wells the contact for both?

Thanks!


For those of you who didn't have the patience/patriotism to listen to your
president for the whole hour and a half last night, let me share a
highlight:  Clinton announced a new $1 billion program for economic
development on the reservations.  Langley may be onto something.  If he/we
can get the first deal done in New Mexico and assuming Gore wins, there may
be opportunities to replicate the deal elsewhere.  I'm thinking of tribal
lands in Minnesota, Wisconsin, S. Dakota, etc.  Perhaps Bill should call
Chairman Ken and talk to him about changing sides.  Notice that I'm not
volunteering to make that phone call. DF


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		3/29/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description: