----- Forwarded by Steven J Kean/NA/Enron on 10/31/2000 07:29 AM -----

	Wiley Cauthen
	10/30/2000 05:29 PM

		 To: Shelley Corman/ET&S/Enron@ENRON
		 cc: Steven J Kean/NA/Enron@Enron, Rockford Meyer/FGT/Enron@Enron, Joe
Hillings/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON
		 Subject: Friends of the Aquifer, Inc. Appeal of Denials of Petitions to DEP,
DCA, and PSC

Chris Jensen, Executive Director of the Florida Energy Pipeline Association,
has learned from some DEP agency contacts that the Alliance (operating behind
the front organization known as Friends of the Aquifer, Inc.) has decided to
drop their lawsuits appealing the denials of their petitions to more severely
regulate pipelines in Florida.  While this is good news for those of us
fighting the war here in Florida, the reason for this withdrawal of their
appeals of failed efforts on three different petitions at the state level in
Florida is because of their belief that their current activity at the Federal
level holds greater promise of success and their desire to concentrate their
resources in that effort.

My thoughts on this is that the pipeline industry should get organized and
execute a "full court press" defense which is proactive as we move into
increased future efforts at the  Federal level by the Alliance through their
other front organizations.  These organizations have been created to burden
pipeline competition to benefit the maritime interests.

From my vantage point I am limited to mostly what I see in the press, but
these front organization are winning the battle in the national press that I
have seen and heard.  AOPL and INGAA do not come across in the press as being
equipped or prepared to handle the shaping of the pipeline safety issues in
the press that these Alliance front organizations have been doing.

 Our Enron government affairs folks in Washington are knowledgeable,
experienced and capable. They have been through this battle and other battles
in the past.  So this is not a criticism, but just a friendly observation
from a remote vantage point, that if the entire pipeline industry does not
develop a proactive plan to shape the issues in the national media during the
next year, we will find it very difficult or perhaps impossible to come out
of Congress with legislation that is reasonable and workable from a safety
regulation perspective.  It has been my experience with the Alliance in the
past, that to any extent they are successful,  they will then multiply their
efforts and broaden their field of attack.

The issue is not safety of pipelines, but competition for the transportation
of energy.  We have an industry that can be very proud of it's record of
safety, economic benefits, reliability, public service, energy efficiency and
environmentally favorable service when compared to any other mode of
transporting energy.  We have learned from our experiences, research and
mistakes in the past and will continue to learn in the future so that future
pipeline service will be even better for our people whom we serve.

Our entire energy pipeline industry (natural gas and petroleum) needs to
shape the issues in the national press and tell our very good story so the
politicians are not overrun with public opinion shaped by our maritime
competition.

Thanks for your interest.  This is a "heads-up" that is probably not needed,
but I felt that there might be something in it that would help with a very
difficult current and future issue.


Attached is the March 2001 nomination for our takes under the Gas Sales and
Purchase Contract between TXU Fuel Company (previously TUFCO) and SDS.  Please
advise should you have any questions concerning the attached.

Thanks,
CCS

(See attached file: SDSNOM.xls)

 - SDSNOM.xls


The request has been completed with all resources requested either completed or rejected. You can view the details of the  request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000031940&Page=MyReq.


Please see below the latest edition of GlobalFlash!  Apologies for the delay.

Regards,

Tracy
---------------------- Forwarded by Tracy Ralston/EU/Enron on 29/11/2000
16:45 ---------------------------

	From:  Enron Europe General Announcement @ ECT
24/11/2000 09:40

Please respond to Jackie Gentle/LON/ECT
To: ECT Asia Pacific, ECT Europe
cc:

Subject: Newsletter: GlobalFlash!

BUSINESS HIGHLIGHTS

Nordic energy agreement with UPM-Kymmene
Enron Nordic Energy and UPM-Kymmene Corp. have signed a two-year portfolio
management agreement covering UPM Kymmene's Nordic power portfolio. The
Mid-Market desk in the Oslo office will assist UPM in optimising its
portfolio of approximately 14 TWh. energydesk.com will provide UPM with the
risk management system used in the process. In addition, the agreement opens
the door for Enron Energy Services to explore a variety of opportunities
within the company. The Nordic agreement is the first step towards a broader
scope of co-operation with UPM on a European and Global basis. The total
contract value is estimated to be $375 million.

UPM-Kymmene's nominal electricity resources total about 3000 MW, of which
2500 MW in Finland and about 500 MW in other countries. The group's power
procurement totals approximately 18 TWh per year, of which about 14 TWh in
Finland. Around 15 TWh/a is consumed by the group's own mills and the rest is
sold to the market.

http://www.upm-kymmene.com
http://www.upm-kymmene.com/upm/energy/energybuild.html

The deal was led by Sami Tenngren - Nordic Mid-Market, and was supported by
Magnus Groth - EES, Jukka Hormaluoma - energydesk.com, and Martin Rosell -
Legal.

Congratulations on a job well done to all those who worked so hard to put
this transaction into place........Thor Lien.

Australia
Despite heavy flooding in NSW, the weather is looking up for Enron
Australia.  Last week, the Sydney Office launched online Hong Kong weather
derivatives  and the Sydney weather node traded on EnronOnline in the US time
zone.  With this precedent, we hope to support the takeoff of global weather
on EnronOnline.

The Coal Group in Sydney has suddenly become very popular. There is no doubt
that a recent sale to AES for the plant at Barbers Point, Hawaii is the real
reason.  Coal purchases during year 2000 have been concluded with most major
producers in Indonesia and Australia.  We will soon be loading our first
shipment from China. Deliveries to Nippon Steel in Japan are underway. Also,
a shipment to a large power utility in Japan will take place in early 2001.

Off-shore wind plans
Enron has entered into agreement to purchase the development assets of a 30
MW offshore wind project in the UK.  The Harwich project, situated in
Gunfleet Sands approximately eight kilometres offshore in the North Thames
Estuary is believed to represent one of the first serious investments in the
development of offshore wind energy in the UK.

Weekly EnronOnline Figures
Below are the latest figures for EnronOnline as of November 20, 2000.

* Total Life to Date Transactions >  450,000
* Life to Date Notional Value of Transactions > $253 billion

SAP SYNCHRONISATION AND ALLOCATION PROJECT

Recently we updated you on the SAP Synchronisation and Allocation project.
The changes being made are designed to assist business units in tracking and
controlling costs.

What's changing?

New Project Codes:

We will be moving from the current project tracking mechanism, Internal
Orders (I/O), to using WBS (Work Breakdown Structure) .   These new codes
facilitate better project reporting and are grouped hierarchically into
structures. These groupings are based on project organisation, phasing or
activities and provides a project overview.  The PS Module within SAP
provides for a common template offering some key advantages:

 -  provides consistency across projects and business units
 -  facilitates comparison between projects
 -  provides a logical grouping of code structures

This tracking mechanism will also be used for capital projects or expense
projects that require cost tracking.

What about training?

To ensure your comfort with the changes listed above, training materials are
currently under development by the project team.  Core training is scheduled
to be December 4 - December 22 and training notifications will be sent
shortly to those users who are affected by these changes.  These
notifications will come via an email from European T&D and will enable you to
register for available classes.

ENRON IN THE PRESS
"The name of Enron may be unfamiliar in Japan, but it should not stay that
way for long.........Joseph Hirl, president of Enron Japan, says: "We don't
go in and try to destroy markets - we go in and create them."  Some of the
company's potential customers and business partners may still need to be
persuaded of that, but Enron has a large stock of experience to reassure
them".   Financial Times

EUROPE TRIUMPHS AT THE MANAGEMENT CONFERENCE
We are pleased to report a great showing by Enron Europe people in the
various competitions organised as part of this year's Enron Management
Conference in San Antonio:

Golf:        Brian Stanley was a member of the winning team
Tennis:  Rob Saltiel won and Steve Elliott was runner up.
Road Rally: Jackie Gentle's team was third.  [We beat Ken Rice in his Ferrari
and we stopped for ice-cream.  Hee! Hee! ....Ed.]
Road Rally:         Eric Shaw & Riccardo Bortolotti won the fastest rental
car in the slalom section.

Everyone is strangely silent on who won (or lost) the after dinner poker game
...........

NEW STARTERS
Please join us in extending a warm welcome to this week's new members of
staff:

Andrew Davison (Global Finance), Nick Arnold (Power Trading UK), Steven Los
(Transaction Support), Melanie Shuckard (Coal Trading), Mark Sheey (Fin Ops
Fin Rptg), Toni Duff (Enron Broadband Trading), Marc Hammerson (Legal), Jose
Leitao (EES Middle Market), Mustafa Hussein (Govt & Regulatory Affairs),
Brenda Van de Peer (Global Operations), Lorna Hyde (HR A&A), Jacob Meins
(European Gas Trading), Mark Leahy (EnronCredit.com)

TELEPHONY UPDATE
The European Telephony Group have added a new facility to the Enron House
Telephone System, which will give staff using mobile phones the ability to
have their conversations recorded.  This is primarily aimed at Traders who
may need confirmation of a conversation for a transaction, which is not made
from an Enron House phone.  To use the facility out users should dial 37373
from their Enron Mobile, at the sound of the dialtone they should dial as if
they would for any call from inside Enron House -- i.e. dial '9' and the
relevant number to talk to the client.  The Telephony Group can retrieve the
conversation on demand and replay to the trader.

UPDATE FROM AYSCOUGH TRAVEL
Please be advised, should you miss one leg of your journey and have onward
flight connections there is a strong possibility the airline will cancel the
reservations, if they have not been advised accordingly.  Airlines are
constantly monitoring for passengers who fail to make their reservation or
who hold multiple bookings on similar routings. In order to increase their
passenger revenue they will delete duplicate or onward bookings and sell the
seats at a higher fare.  Please advise the Implant Office of any amendments
to your travel arrangements as soon as they are available. This is imperative
if your changes arise during your business trip.  Ayscough Travel thanks you
in advance for your assistance!

CORRECTION: CHAIRMAN'S AWARD
We would like to make an apology to all the employees who were incorrectly
listed as London based staff in last week's GlobalFlash.  Please see below
for the correct listings:

Paul Bates - Teesside
Paula Bowman - Teesside
John Brodie - Teesside
Peter Burke - Teesside
Terry Bye - Teesside
Sue Caswell - Teesside
Eric Chamberlain - Teesside
Graham Taylor - Teesside
Caroline Cunliffe - Teesside	Sarah Grimes - Teesside
	Tim Roy  - Teesside
	Terry Waldron  - Teesside
	Trevor High - Teesside
	Christine Hill - Teesside
	Mike Mason  - Teesside
	Geoff Milward - Teesside
	Richard Murray - Teesside
	Mike Mussett - Teesside	Colin Telfer - Teesside
		Dave Shaw  - Teesside
		Kevin Westwood  - Teesside
		Judith Wong - Teesside
		Gary Douthwaite - Teesside
		Paul Frankland - Teesside
		Hans-Mart Groen - Amsterdam
		Jose Luis Novo - Madrid

AMERIFLASH BUSINESS HIGHLIGHTS

Coal Trading
The liquidity in trading of the Standard European Coal Agreement has
increased significantly over the last 6 weeks.  Many counterparties that
previously opted to stay on the sidelines finally chose to join the game.
Since the contract's inception at the beginning of the year, Enron has traded
a total of 5.3 million tons against the SECA contract, of which 3.8 million
tons has been traded via EnronOnline since July 2000.  We are 5.3 million
tons of a total traded market of 5.8 million tons.

Principal Investments
Tridium Inc., the leading provider of Internet-based automation
infrastructure solutions, announced the close of a $20 million round of
capital funding. The funds will be used to increase Tridium,s sales and
technical support offices in North America, expand its operations into Europe
and Asia, and enhance its technology and products. kRoad Ventures, L.P. and
Enron North America each contributed $10 million in venture capital.

Corporate Development
Allegheny Energy Supply Company, LLC, a wholly owned subsidiary of Allegheny
Energy, Inc., announced the signing of a definitive agreement under which
Allegheny Energy Supply will purchase three Enron natural gas-fired merchant
generating facilities. The acquisition is expected to close in the 2nd
quarter of 2001.


Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at 5-7095, Brant Reves at x3-9897, or the Global Credit Hotline at x3-1803.


Another point:

How do we price gas/power we sell to them, especially in light of our duty of
good faith and fair dealing?

Not expecting an answer via email, this is just a topic for further
discussion.

ckm

From: Reagan Rorschach/ENRON@enronXgate on 05/11/2001 09:03 AM
To: Lloyd Will/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT, Richard Broussard/Corp/Enron@Enron, Kay
Mann/Corp/Enron@Enron, David Fairley/ENRON@enronXgate, Jim Homco/HOU/ECT@ECT,
Gerald Gilbert/HOU/ECT@ECT
cc:

Subject: MDEA Commercial Issues

In an effort to get the commercial terms of the contract organized and
papered, we discussed the following issues during yesterday's meeting:

? What will be the contracted process for setting the Bogey?
? What heat rates or heat rate ranges will go in the contract?
? Can we create a schedule to collar the Bogey given a certain gas price?
? Can we get a gas management fee for being the Fuel Manager? (this is a
retrade)
? How does the network service transmission agreement including ancillary
services get accounted for in the "cost" calculation?
? How does Imballance get sorted out at the end of the the month as a profit
or a cost?

Regarding calculation of the Bogey, we have several issues.  First, what is
the methodology?  Rick is very close to having a stack model that
incorporates the business rules including minimum run times, startup costs,
VOM, etc.  Second, what are the daily inputs and who is responsible for
running the model?  This process will need to be documented every time the
calc is performed.  Third, what is the timing of the calc?  We discussed
getting the input info by 2am and doing the calc on a "day ahead" basis.
Only on a select basis would the calc be re-done mid-day.

We are planning on meeting with Marvin next week and working to resolution on
these issues.  This should result in a set of business rules that can be put
into the contract.

Please comment/correct/add/subtract to any or all of the above.  David
Fairley and I will be sending out the Marketing Strategy and Trading and Risk
Policy later this morning.

Thanks,

Reagan


My comments on the floating price source language follows:

US NG     BasisSwp Chicago  The floating price is shown to be equal to the
"monthly average" price published in NGI's Bidweek        Survey.  The
floating price is more appropriately described as the "Bidweek Average"
price.  This        appears to be an oversight on Dynegydirect's part since
their description for US NG     BasisSwp         SCalBrd correctly describes
the price as the "bidweek average" price.
Any Gas Daily daily midpoint price description The floating price is shown to
be equal to the "midpoint price published in the applicable issue".
Gas        Daily is not published on weekends or holiday, therefore the
question arises as to the pricing mechanism        Dynegydirect will use for
those days.  We add the phrase to our floating price description as follows
to        answer that point:  "if a calendar day is not a businress day then
the price for such day will be the Midpoint        price published on the
next succeeding business day"

From: Brent Hendry@ENRON on 11/29/2000 12:28 PM
To: Leslie Hansen/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT
Subject: DynegyDirect

Leslie,

The following comments are with respect to all Basis Swap product
descriptions on the DynegyDirect trading web site.

1.  The reference to the "fixed price" is incorrect as it references the
basis spread price specified on the trading screen rather than the second
floating price which should be one of the NYMEX futures contracts.  This is a
structural error that was carried through all the basis swap definitions and
should be fixed to avoid ambiguity or future arguments over what was
intended.

2.  In the new definition of "fixed price"  all references should be made to
either the NYMEX Henry Hub or Permian Basin futures contracts for the
applicable Determination Period rather than to the "appropriate NYMEX futures
contract".   Otherwise it will not be clear which natural gas futures
contract is being referred to.

3.  While there is a default definition in the Master Agreement it would be
preferable to define "Determination Period" in the product description by
adding the following sentence, "Each calendar month during the term of the
Transaction will be a Determination Period."

4.  The sentence specifying the definition of the "Price" should specify that
the "Price is the differential between the Floating Price and the Fixed Price
(or Fixed Price and the Floating Price).

5.  The sentence relating to payment dates should specify that the amounts
owed should be paid no later than "five business days after the Floating
Price and the Fixed Price are published."

 I would suggest that Dynegy borrow the language from our long product
descriptions on EOL.

The following comments are with respect to the  "FP Swap NYMEX" product
descriptions.

1.  In the definition of the "floating price" all references should be made
to either the NYMEX Henry Hub or Permian Basin futures contract for the
applicable Determination Period rather than to the "appropriate NYMEX futures
contract".   It is not clear which natural gas futures contract is being
referenced.

2.  While there is a default definition in the Master Agreement it would be
preferable to define "Determination Period" in the product description by
adding the following sentence, "Each calendar month during the term of the
Transaction will be a Determination Period."

As we do not have a master agreement in place with Dynegy Liquids Marketing &
Trade I would not approve trading in the liquids financial products including
the "C2 Swap Fix OPIS C2 MON" and "NC4ISO Swap Fix OPIS NON MON" products
until either a master is agreed to or the GTC form of master is approved.
Please let us know if the commercial team wants to pursue trading these
products.

Bob has agreed to review the definitions of the floating prices to ensure
that they correctly identify the floating price sources.  I will forward him
copies of the long form descriptions today.  Other than having Bob check the
floating price source language I do not have any comments on the two
swingswap definitions.

Please let me know if you have any questions or comments.
Regards,
Brent


The recipient of the 2000 Chairman's Award has been selected.  Read all about
it!

Also in this issue:
German gas monopolies
Emissions trading
Enron's status as market maker with NordPool
Trading satellite capacity

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then
click eBiz, and "eBiz November 17, 2000."


I chose not to circulate a copy last Friday - reality was that I didn't think
that any of the originators would read it over the weekend anyway.  We had
hoped to have a final draft ready on Monday (April 9), with plans to review
that with Andy Zipper for his input and then two "test runs" with Ed Baughman
and Frank Vickers on Tuesday.  With any suggested changes from those test
runs, my plan was to circulate copies to you and John Lavorato on Tuesday as
well so that you would be aware of the approach with the origination teams.
We scraped the idea of an offsite, and instead are setting up individual
meetings with lead originators and their teams.  Unfortunately, I got food
poisoning Monday night and was out of the office on Tuesday, so we are behind
schedule by a day.  I am in the office today, but at about half speed, and we
will try to make up for time lost yesterday.

Louise Kitchen
04/10/2001 03:26 PM
To: Sally Beck/HOU/ECT@ECT, Rahil Jafry/Enron@EnronXGate
cc:
Subject: Re: Costs

We haven't seen any presentation circulated - did I just not get a copy?

	Enron Capital & Trade Resources Corp.

	From:  Sally Beck                           04/04/2001 07:08 PM

To: Louise Kitchen/HOU/ECT@ECT
cc: Greg Piper/Corp/Enron

Subject: Re: Costs

Rahil is working with me on a presentation that covers what our services are,
the creation of a pricing desk, how that will work (process and revenue
sharing), selling of services for others, our operations pricing model, the
DASH process, key contacts in operations, etc.  I expect to review a draft by
this Friday.  Tomorrow we will have the date set for such a meeting.  We are
checking travel schedules for Laura Luce and Max Y. to see if we can catch
both in Houston sometime next week.  Greg Piper suggests a meeting with all
origination heads at once (a mini offsite).  We will do that if we can set a
date that works for a majority.  If that doesn't work, we will simply do
one-on-ones over the next ten days to get everyone.  Targeted attendees are:

Gas   Frank Vickers (East)
   Laura Luce (Central)
   Barry Tycholiz (West)

Derivatives  Fred LaGrasta

Power  Dave Duran
   Ozzie Pagan
   Ed Baughman
   Bruce Shuckley

Portland  Chris Calger

Calgary  Ladain

Mexico  Max Y.

When you and I met we discussed most of these names.  I added the Calgary guy
and Max.  I also want to share this info with Bob Shults and his EOL
marketing team.  They talk with a lot of customers and may have the
opportunity to bring up our services as well.  We have spent some time with
Jean Mrha and John Grass, and will share the presentation with them as well.

Do you want to add any names?   If we do wind up with one date that will work
for most, I will let you know that tomorrow so that you can attend if you
would like.  --Sally

Louise Kitchen
04/04/2001 03:50 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Costs

Weren't we supposed to be having a meeting on costs of back office services
with the Heads of Origination?  Are we close to having this?

Thanks

Louise


Sure would like to be able to sell that inventory.

 -----Original Message-----
From: 	Zisman, Stuart
Sent:	Monday, March 18, 2002 9:17 AM
To:	Parks, Joe
Subject:	RE:

Nothing has changed.  We are still trying to figure our some way to sell this short/long term.  In fact, I have requested permission to show these documents to potentially interested third parties and haven't heard back from ChevTex.

Stuart

 -----Original Message-----
From: 	Parks, Joe
Sent:	Monday, March 18, 2002 9:03 AM
To:	Zisman, Stuart
Subject:

What's the status of the Bridgeline Transportation and Storage?


The Portland West Desk needs two new traders added to EnPower. I believe
you're the correct person to contact for this, but please let me know if I
should talk to somebody else. We'd like to have our mid-marketers enter their
own trades now, and many of them already have the IDs to do that. Two
marketers - Paul Choi and Greg Wolfe - do not. I know that when I took over
the Deal Control position here John Forney contacted you to help me acquire a
trader ID, so I'm hoping you can help me with this task.

Thank you,
Kate


Thanks

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Tuesday, September 18, 2001 1:01 PM
To:	Nemec, Gerald; Wallumrod, Ellen; Richardson, Stacey; Thorne, Judy
Cc:	Perlingiere, Debra
Subject:	At Debra Perlingiere's request, I have reserved EB38C1 for Thursday, 9/20 from 2 to 3 pm for you to meet.
Importance:	High

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


When do we expect to hear back from NGI on the sep index?

Grigsby


Yes, ENA Upstream Company LLC is the entity that deals with ENA's transactions with producers, similar to the way HPL (Houston Pipe Line Company) was dealing with producers.

As for Fred Lagrasta, I've already created a document (copy attached) asking for Lagrasta to be named a V.P.  I don't know where it is in the signing cues of the relevant officers, but it may need to be changed since the directors have changed since I created the doc.  Have you by any chance seen this signed document?  I sent it to the 33rd floor to be signed, and I haven't had it returned.

Please advise, and thanks,
Best wishes,
Mary
x37796
EWS Legal


Attached in Word are black lined drafts marked to show changes against
the last versions distributed.
 - 263766X.doc
 - 265273X.doc
 - 265275.doc
 - 265276.doc
 - 265277.doc
 - 265278.doc
 - 266137X.doc
 - 266143X.doc
 - 266163X.doc
 - 266746.doc
 - 266755.doc
 - 266950.doc
 - 267037.doc
 - 267069.doc
 - 267252.doc
 - 267271.doc
 - 267321X.doc
 - 267365X.DOC
 - 267979.doc
 - 267979X.doc
 - 268099.doc
 - 268572.doc
 - 268675.doc
 - 268676.doc
 - 268951.doc
 - 268980.doc
 - 268982.doc
 - 268991.doc
 - 268999.doc


Jim Steffes
14354 Carolcrest
Houston, TX 77079
281-759-8270 (H)
msteffes@mindspring.com

Thanks


the ticket is 704011

Susan

Ellen Wallumrod@ENRON
04/10/2001 03:12 PM
To: susan.w.pereira@enron.com
cc:
Subject: NYMEX Match-up for April

Susan,

I hear you are covering for Andy Ring the next couple of weeks.....

We only had two NYMEX match-ups for April, one with ABG Gas Supply (sitara
#700336) and one with El Paso Merchant.
Andy entered them in Sitara, and I was able to find the deal with ABG Gas
Supply, but can not find the deal with El Paso.
Could you or somebody in your group possibly find the relevant deal-number ?

I appreciate your help !

Regards,
Ellen
x54099


fyi
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/01/2000
06:56 AM ---------------------------

"SmartPortfolio.Com" <admin_update@smartportfolio.com> on 02/29/2000 07:25:58
PM
Please respond to "SmartPortfolio.Com" <admin_update@smartportfolio.com>
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: SmartPortfolio.Com Update: Markets Soar on Blue Chip and Tech Rally

The following is a FREE service brought to you by
SmartPortfolio.Com, located on the Web at
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AOL users click here

Update February 29, 2000

Tuesday's Market Update: Markets Soar on Blue Chip and Tech Rally

 1. Tuesday's Market Action
 2. Internet and Tech Stocks
 3. Notable Earnings Announcements
 4. Notable Upgrades and Downgrades
 5. Stock Splits
 6. IPO Commentary
 7. IPOs Trading Tuesday
 8. IPO Calendar

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The update is posted at approximately 6:00 PM EST every day.

1.  Tuesday's Market Action

                               $ Change   % Change      Close
Dow Industrials                  +89.66     +0.89%   10128.31
S&P 500                          +18.37     +1.36%    1366.42
Nasdaq                          +118.84     +2.60%    4696.69
Internet Stock Index             +32.33     +3.37%     991.92

Blue chips powered forward and sent the Dow higher on Tuesday,
while Internet and tech stocks thrust the Nasdaq to another
record high as investors put away their fears about market
volatility and potential interest rate hikes by the Fed.

Several sectors that had been suffering from beaten-down stocks
rallied back today, including the financial services sector, as
several brokerage firms outperformed.  Lehman Brothers
(NYSE:LEH) closed up 4 3/4 (+7.00%) to 72 9/16, Goldman Sachs
(NYSE:GS) gained 4 (+4.55%) to 92, National Discount Brokers
Group (NYSE:NDB) soared 45.77% (up 14 3/16) to 45 3/16, Merrill
Lynch (NYSE:MER) rose 5 3/8 (+5.54%) to 102 5/16, JP Morgan
(NYSE:JPM) closed up 2 5/8 (+2.41%) to 111 3/8, and Charles
Schwab (NYSE:SCH) jumped 12.23% (up 4 9/16) to 41 7/8.

Oil service stocks also had a strong day on Wall Street as gas
is trading at its highest levels since the Gulf War and as crude
oil prices continue to skyrocket.  Halliburton (NYSE:HAL) gained
3 5/16 (+9.50%) to 38 3/16, Schlumberger (NYSE:SLB) rose 4 1/2
(+6.50%) to 73 3/4, Transocean Offshore (NYSE:RIG) closed up 3
1/16 (+8.52%) to 39, Cooper Cameron (NYSE:CAM) gained 2 5/16
(+4.36%) to 55 5/16, and Smith International (NYSE:SII) rose 2
3/4 (+4.58%) to 62 3/4.

Merger-mania continued in the media and entertainment sectors as
Clear Channel Communications (NYSE:CCU), the U.S. radio and
billboard giant, and SFX Entertainment (NYSE:SFX), a provider of
live entertainment shows, jointly announced that Clear Channel
will acquire SFX in a deal valued at approximately $2.7 billion.
By expanding Clear Channel's presence in areas such as concerts,
sporting events and theatrical productions in more than half of
the top 50 U.S. markets, the acquisition is expected to result
in greater value for Clear Channel's 1,000 radio stations
worldwide.  Shares of Clear Channel fell 8 1/4 (-10.97%) to 66
15/16, shares of SFX edged up 9/16 (+1.48%) to 38 9/16, while
shares of other media and entertainment players had a great day
on Wall Street, with Seagram (NYSE:VO) gaining 5/8 (+1.11%) to
56 3/4, Viacom (NYSE:VIA) closing up 5 9/16 (+11.10%) to 55
11/16, and CBS (NYSE:CBS) jumping 11.85% (up 6 5/16) to 59 9/16.

Two Dow giants entered into a ground-breaking agreement on
Tuesday, as Boeing (NYSE:BA) and General Electric (NYSE:GE)
jointly announced that they will begin the production of two
state-of-the-art lines of long-range jet aircrafts, including
the world's longest-range airplane that would be capable of
flying nonstop from New York to as far as Malaysia.  The
companies designed the new twin-engine jets in an effort to
compete more effectively with a new airplane from Europe's
Airbus Industrie.  The first deliveries of the new jets are
scheduled for September 2003.  Shares of Boeing dropped 3/16 (-
0.51%) to 36 13/16, while shares of General Electric gained 3
9/16 (+2.75%) to 133.

In other Dow action:

<> International Business Machines (NYSE:IBM) and Hewlett-
Packard (NYSE:HWP) were selected by Delta Air Lines (NYSE:DAL)
to supply personal computers under the airline's program to
provide subsidized computers to its workers.  Shares of IBM fell
2 5/16 (-2.21%) to 102 3/16, while shares of Hewlett-Packard
closed up 6 15/16 (+5.38%) to 135 13/16.

<> Philip Morris (NYSE:MO) shares edged up 1/16 (+0.31%) to 20
1/8 following the company's announcement that it would give up
its fight to challenge the Food and Drug Administration's
proposals geared towards regulating the tobacco industry.

<> Walt Disney (NYSE:DIS) shares closed up 3/4 (+2.29%) to 33
1/2 on the heels of Monday's announcement by the entertainment
company that its cable television group had struck agreements
with three cable television system operators to carry the
company's new all soap opera network SoapNet.

2. Internet and Tech Stocks

For a FREE trial to SmartPortfolio.Com's in-depth analysis of

selected Internet stocks, please visit:
http://www.smartportfolio.com/freetrial
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The Nasdaq's surge resulted in several record highs during the
day's trading for a broad range of Internet and tech stocks,
including Brocade Communications (Nasdaq:BRCD), which gained 6
1/16 (+2.14%) to 289 1/8, Applied Mirco Circuits (Nasdaq:AMCC),
which rose 19 5/8 (+7.68%) to 275 1/16, PMC-Sierra
(Nasdaq:PMCS), which closed up 14 5/16 (+8.01%) to 193 1/16, COR
Therapeutics (Nasdaq:CORR), which finished up 8 1/8 (+9.97%) to
89 5/8, Texas Instruments (NYSE:TXN), which gained 11 1/16
(+7.10%) to 166 15/16, and Motorola (NYSE:MOT), which rose 11
13/16 (+7.45%) to 170 5/16.

Chip stocks were a driving force behind the Nasdaq's strong
performance, as analysts and investors anticipate a huge demand
for computer memory chips to run wireless products such as hand-
held organizers and cellular telephones.  Altera (Nasdaq:ALTR)
closed up 8 1/4 (+11.54%) to 79 3/4, Lam Research (Nasdaq:LRCX)
jumped 13.08% (up 18 1/16) to 156 1/8, Xilinx (Nasdaq:XLNX)
gained 13.52% (up 9 1/2) to 79 3/4, KLA Tencor (Nasdaq:KLAC)
rose 8 1/8 (+11.64%) to 77 15/16, and Rambus (Nasdaq:RMBS)
soared 25.16% (up 60 5/8) to 301 5/8.

Leading Tuesday's telecom news was the announcement by TeleCorp
PCS (Nasdaq:TLCP), AT&T Corp.'s (NYSE:T) largest wireless
telephone partner, that it will acquire Tritel Inc.
(Nasdaq:TTEL), AT&T's #2 wireless affiliate, in a transaction
valued at $5 billion.  The deal would result in a combined
company having a contiguous wireless network running from the
Great Lakes to the Gulf of Mexico.  Pursuant to the agreement,
AT&T will obtain TeleCorp's existing wireless operations in the
Boston area in exchange for $100 million in cash, as well as
wireless licenses and rights to acquire licenses in Iowa and
Wisconsin.  Shares of TeleCorp fell 8 1/16 (-14.93%) to 45
15/16, shares of Tritel catapulted 32.29% (up 7 3/4) to 31 3/4
and shares of AT&T gained 4 7/16 (+9.86%) to 49 7/16.

In other telecom action, Amdocs Ltd. (NYSE:DOX), a leading
provider of integrated customer care and billing systems for
wireless telecom operators and service providers, announced on
Tuesday that it would acquire billing and customer care software
maker Solect Technology Group in a deal valued at about $1
billion.  The move by Amdocs is expected to strengthen the
company's presence in the market for billing and customer care
software for the Internet.  Shares of Amdocx jumped 13.26% (up 8
11/16) to 74 3/16.

America Online (NYSE:AOL) and Time Warner (NYSE:TWX) jointly
announced on Tuesday that the companies will open up their cable
television systems to other Internet service providers upon the
completion of their blockbuster merger.  The move was seen by
analysts as a potential catalyst for the rest of the industry to
follow suit.  Specifically, the pledge to give customers greater
choices could put tremendous pressure on long-distance phone and
cable television operators, including telecom giant AT&T, to
further open their systems to rival Web-access providers.
Shares of AOL, the #1 Internet service provider, fell 1 11/16 (-
2.78%) to 58 15/16, while shares of Time Warner, the world's
biggest media company, dropped 1 3/16 (-1.37%) to 85 1/2.

Other big movers in the Internet and technology sectors
included:

<> 3Com (Nasdaq:COMS), which jumped 23.95% (up 18 15/16) to 98
on tremendous demand for the spin-off of the company's Palm
unit.  3Com increased the price range for Palm's IPO to $30-$32
per share from $14-$16 per share.  The public offering of 23
million shares could now generate as much as $736 million.

<> SpeedUs.com (Nasdaq:SPDE), which skyrocketed 136.69% (up 11
7/8) to 20 9/16, riding on the wave of popularity among
investors of wireless handheld device manufacturers and services
providers.

<> Redback Networks (Nasdaq:RBAK), which jumped 21 1/4 (+7.66%)
to 298 1/2 following yesterday's positive remarks from Lehman
Brothers.

Leading Internet and tech stocks performed as follows:

Company                        $ Change   % Change      Close
Amazon (Nasdaq:AMZN)             +3 1/8     +4.75%     68 7/8
America Online (NYSE:AOL)        -1 5/8     -2.68%         59
Commerce One (Nasdaq:CMRC)       -2 1/2     -1.18%    208 7/8
Cisco (Nasdaq:CSCO)              +1 5/8     +1.24%   132 3/16
CMGI (Nasdaq:CMGI)             +13 3/16    +11.33%   129 9/16
Dell (Nasdaq:DELL)                -3/16     -0.46%   40 13/16
Ebay (Nasdaq:EBAY)             -1 11/16     -1.16%    143 3/8
ExciteAtHome (Nasdaq:ATHM)       +15/16     +2.81%    34 5/16
Exodus (Nasdaq:EXDS)             +8 5/8     +6.45%    142 3/8
Intel (Nasdaq:INTC)                +5/8     +0.56%        113
Juniper (Nasdaq:JNPR)           +45 1/4    +19.75%   274 5/16
Lucent (NYSE:LU)               +1 39/64     +2.77%   59 39/64
Microsoft (Nasdaq:MSFT)         -2 3/16     -2.39%     89 3/8
Oracle (Nasdaq:ORCL)             +5 5/8     +8.20%     74 1/4
Schwab (NYSE:SCH)                +4 5/8    +12.40%   41 15/16
Sun Micro (Nasdaq:SUNW)          +1 3/8     +1.46%     95 1/4
Qualcomm (Nasdaq:QCOM)           -13/16     -0.57%   142 7/16
Qwest (NYSE:Q)                     +1/4     +0.54%     46 1/4
Yahoo (Nasdaq:YHOO)              -2 1/4     -1.39%  159 11/16

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3. Notable Earnings Announcements

For a calendar of recent and upcoming earnings announcements,
please visit: http://www.smartportfolio.com/earnings.asp
AOL users
click here

Target Corp. (NYSE:TGT) announced on Tuesday that its quarterly
profits rose 15% as a result of strong sales at the company's
upscale discount Target stores.  Earnings came in at $1.12 a
share, beating the 97 cents a share from the year-ago period and
quarter and exceeding First Call consensus estimates of $1.10 a
share.  Shares of the giant retailer edged up 1/8 (+0.21%) to
59.

Smithfield Foods (NYSE:SFD), the #1 U.S. pork producer, reported
on Tuesday that its fiscal third quarter profits were hit hard
by flooding in North Carolina and lower profit margins on fresh
pork.  The company's income came in at 36 cents per share, down
from $1.31 per share in the year-earlier period and below Wall
Street analysts' forecasts of 57 cents per share.  Shares of
Smithfield Foods closed down 1/4 (-1.59%) to 15 1/2.

BJ's Wholesale Club (NYSE:BJ) announced on Tuesday that its
quarterly profits jumped 26.5% and came in at 63 cents a share,
which beat First Call consensus estimates of 62 cents per share.
Shares of the retail powerhouse rose 2 3/8 (+8.30%) to 31.

4. Notable Upgrades and Downgrades

For full coverage of today's upgrades, downgrades and coverage
initiations, please click on the appropriate links below:

-- Upgrades - http://www.smartportfolio.com/upgrades.asp
AOL users
click here

Aetna (NYSE:AET) was upgraded by Prudential from hold to
accumulate. Shares were up 1 5/8 to 41 1/8.

Allergan (NYSE:AGN) was upgraded by PaineWebber from attractive
to buy and by Warburg Dillon Read from hold to buy.  Warburg set
a $64 target price on the stock.  Shares were off 1/8 to 50
5/16.

Anheuser-Busch (NYSE:BUD) was upgraded by Morgan Stanley Dean
Witter from outperform to strong buy but analyst Andrew Conway
lowered his price target on the shares from $90 to $78.  Shares
jumped 2 7/8 to 64 1/8.

Circuit City Stores (NYSE:CC) was upgraded by Goldman Sachs'
analyst Matthew Fassler from market outperform to its
Recommended List.  Shares were up 4 9/16 to 40 3/8.

McGraw-Hill (NYSE:MHP) was upgraded by CS First Boston from hold
to strong buy.  Shares were up 4 3/8 to 50 7/8.

-- Downgrades - http://www.smartportfolio.com/downgrades.asp
AOL users
click here

Hershey Foods (NYSE:HSY) was downgraded by Lehman Brothers from
buy to outperform.  Shares were off 3/16 to 43 15/16.

Paychex (Nasdaq:PAYX) was downgraded by Robert W. Baird from
short-term market outperform to short-term market perform.
Shares were off 3/16 to 50 1/16.

Robertson Stephens downgraded several rental car companies
today. Hertz (NYSE:HRZ) was downgraded from buy to long-term
attractive; shares were up 3/8 to 35 13/16. Avis Rent A Car
(NYSE:AVI) was downgraded from buy to long-term attractive;
shares were lower by 1 3/16 to 14 9/16.  Dollar Thrifty
Automotive (NYSE:DTG) was downgraded from buy to long-term
attractive; shares were off by 1 1/4 to 13 1/8.

US Bancorp (Nasdaq:UBAN) was downgraded by CIBC World Markets
from buy to hold. Shares were up 3/16 to 9 13/16.

-- Coverage Initiations
http://www.smartportfolio.com/initiated.asp  AOL users
click here

Abbott Laboratories (NYSE:ABT) was started by CS First Boston
with a buy rating.  Shares were off 3/8 to 32 3/4.

Adobe Systems (Nasdaq:ABDE) was initiated by PaineWebber with a
buy rating.  Shares were up 4 3/16 to 102.

Alerta Corp. (NasdaqNM:ALTR) was started by Chase H&Q with a buy
and was added to the investment bank's Focus List.  Alerta was
up 8 1/4 to 79 3/4.

AVANEX Corp. (Nasdaq:AVNX) had coverage initiated by several
investment banks today. Lehman Brothers started coverage with a
buy rating; Dain Rauscher Wessels initiated coverage with a
strong buy rating; Robertson Stephens started coverage with a
buy; and USB Piper Jaffray initiated coverage with a strong buy
rating.  Shares were up 3/8 to 208 3/8.

Boston Scientific Corp. (NYSE:BSX) was started by CS First
Boston as a hold.  Shares were up 1/4 to 18 1/4.

Digital Island (Nasdaq:ISLD) was started by Goldman Sachs with a
market perform rating and by Dain Rauscher Wessels with a strong
buy rating. Goldman's analyst, Michael Parekh, forecasts a loss
of $5.15 in 2000 and $5.82 in 2001. Shares were up 5 1/8 to 116
1/8.

EON Communications (Nasdaq:EONC) was started by W.R. Hambrecht
with a market outperform rating.  Shares were off 1 3/8 to 22
5/8.

Johnson & Johnson (NYSE:JNJ) was started by CS First Boston with
a strong buy rating.  Shares were off 3/4 to 71 3/4.

Juniper Networks (Nasdaq:JNPR) had coverage initiated by Wit
SoundView with a strong buy rating.  Shares soared 45 1/4 to 274
5/16.

Medtronic (NYSE:MDT) was initiated by CS First Boston with a buy
rating.  Shares were up 7/16 to 48 7/16.

Microchip Technology (Nasdaq:MCHP) was started by Chase H&Q with
a buy rating.  Shares were up 9 1/8 to 62 7/16.

5. Stock Splits

To obtain the latest information on stock splits, please visit:
http://www.smartportfolio.com/splits
AOL users click
here

This chart shows the companies that will split their shares
during the next 4 business days.  The "Pay" column shows the
payable date.  The "Ex" column refers to the ex-date, the date
on which the stock begins to trade at its split-adjusted price.
The ratio refers to the number of split shares stockholders will
receive (a 2:1 ratio means that stockholders will receive one
additional share for each share they already hold).

Pay     Ex                                   Ann.    Split
Date    Date    Company                Sym.  Date    Ratio
Feb 29  Mar 1   Anadigics              ANAD  Jan 28  3-2
Feb 29  Mar 1   Global Technologies    GTLL  Jan 06  3-2
Feb 29  Mar 1   TMP Worldwide          TMPW  Jan 11  2-1
Feb 29  Mar 1   WebTrends              WEBT  Jan 24  2-1
Mar 1   Mar 2   DSP Group              DSPG  Jan 24  2-1
Mar 1   Mar 2   Jones Pharma           JMED  Feb 03  3-2
Mar 1   Mar 2   Kirlin Holding Corp.   KILK  Feb 07  2-1
Mar 1   Mar 2   Modem Media            MMPT  Jan 05  2-1
Mar 1   Mar 2   Onyx Software          ONXS  Jan 31  2-1
Mar 2   Mar 3   Group 1 Software       GSOF  Feb 07  3-2
Mar 2   Mar 3   Jack Henry & Assoc.    JKHY  Jan 31  2-1
Mar 2   Mar 3   Winstar Communications WCII  Feb 03  3-2
Mar 3   Mar 6   Veritas Software       VRTS  Jan 27  3-2
Mar 3   Mar 6   Xcelera.com            XLA   Jan 24  2-1

6. IPO Commentary - http://www.smartportfolio.com/ipo
AOL users click
here.

It was an explosive day in the IPO market today, with 3 much-
anticipated IPOs beginning to trade on a strong day in the
overall equity markets.  Leading the way was Net.genesis
(Nasdaq:NTGX), a provider of e-customer intelligence solutions,
whose shares surged 215.63%.  Another winner was Avenue A
(Nasdaq:AVEA), an online advertising firm, which bolted 200.00%
in its debut.  Finally, NIKU (Nasdaq:NIKU), a provider of
Internet solutions for the sourcing, management and delivery of
professional services soared 187.50% in its IPO after its
pricing range was raised from $10-$12 to $20-$22, which is
usually an indication that the underwriters expect strong demand
for the offering.

Continuing on today's momentum, there is a host of companies set
to go public during the rest of the week, including the much-
hyped IPO of Palm Inc. (Nasdaq:PALM), the provider of handheld
computing devices and spin off of 3Com (Nasdaq:COMS).

All four of these companies - Net.genesis, Avenue A, NIKU, and
Palm - were highlighted in one of the last 2 issues of the
Smart!IPO Repot, which presents in-depth analyses every week of
hot IPOs before they began trading.  To subscribe to a FREE 2-
week trial of the Smart!IPO Report, lease visit:
http://www.smartportfolio.com/freetrials

7.  IPOs Trading Tuesday

Avenue A, Inc. (Nasdaq:AVEA) - Provider of Internet advertising
services.
Price: 24  Open: 76   High: 89
Close: 72  Change: +48 (+200.00%)

Niku Corporation (Nasdaq:NIKU) - Provider of Internet solutions
for the sourcing, management and delivery of professional
services.
Price: 24  Open: 63 1/2  High: 75 1/2
Close: 69  Change:  +45 (+187.50%)

net.Genesis Corp. (Nasdaq:NTGX) - Provider of e-customer
intelligence solutions that enable companies to understand and
improve their online businesses.

Price: 18  Open: 53  High: 59
Close: 56 13/16  Change: +38 13/16 (+215.63%)

8. IPO Calendar - http://www.smartportfolio.com/ipo
AOL users click
here.

*Indicates an Internet related issue.

*3/1 - Urban Cool Network Inc (AMEX:UBN) - Operate
urbancoolnet.com, an online network targeted to the urban
consumer that provides a forum for communications, information
and electronic commerce.

*3/1 - Onvia.com Inc (NASDAQ:ONVI) - A business-to-business
emarketplace for small business buyers and sellers.

*3/2 - Register.com Inc (NASDAQ:RCOM) - Provider of Internet
domain name registration services worldwide.

3/2 - Palm Inc (NASDAQ:PALM) - A global provider of handheld
computing devices.

*3/2 - MatrixOne Inc (NASDAQ:MONE) - Provider of Internet
business collaboration software.

*3/3 - Netpliance Inc (NASDAQ:NPLI) -
Shares: 7,000,000  Amount: $105,000,000  Price Range: $13-$15
Lead Underwriter: Donaldson Lufkin & Jenrette Inc
Pioneering a new model for delivering a simplified and more
relevant Internet experience through consumer Internet
appliances.

*3/3 - AsiaInfo Holdings Inc (NASDAQ:ASIA) - Provider of
Internet-related, information technology professional services
and software products in China.

3/3 - ImageWare Systems Inc (TBA) - Develops, sells and supports
a suite of modular software products that is used by law
enforcement and public safety agencies to manage criminal
history records.

*3/3 - UTStarcom Inc (NASDAQ:UTSI) - Provides communications
equipment for service providers that operate wireless and
wireline networks.

*3/3 - Versata Inc (NASDAQ:VATA) - Provider of comprehensive
suite of software and services that enables customers to rapidly
deploy e-business applications. (Predecessors: Vision Software
Tools Inc, Image Innovation Solutions Inc.

*3/3 - EChapman.com Inc (NASDAQ:ECMN) - Seek to become a leading
interactive online community through EChapman.com, offering both
financial services and a variety of lifestyle, educational and
cultural content selected to appeal particularly to African-
Americans, Asian-Americans, Hispanic- Americans and women market
segments.

*3/3 - Switchboard Inc (NASDAQ:SWBD) - An Internet-based local
merchant network interconnecting consumers, merchants and
national advertisers.

*3/3 - Prime Response Inc (NASDAQ:PRME) - A provider of
integrated eMarketing software solutions that enable businesses
to create, manage and execute highly targeted internet and
traditional marketing campaigns.

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I'd prefer that we give them a high level bullet point type summary rather
than a draft of the filing itself.  DF

	From:  Susan Scott                           07/18/2000 10:12 AM

To: Mary Kay Miller/ET&S/Enron@ENRON
cc: Drew Fossum@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON

Subject: Re: TW Capacity Options

As I have mentioned already a couple of times, the Commercial Group feels it
is important to have something to present to customers.  My concern is that
if we just tell them about it over lunch or over the phone, something is
going to be ignored or lost in the translation, and then we'll have a dozen
protests to contend with.  Surely we've presented new services to customers
before in advance of filing...if so, how did we go about it?

Also, are you OK with filing July 31, or just as soon as we can get a
prefiling conference with FERC?

	From:  Mary Kay Miller                           07/18/2000 10:06 AM

To: Susan Scott/ET&S/Enron@ENRON, Drew Fossum
cc: Glen Hass/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON

Subject: Re: TW Capacity Options

I'm going over it and hope to have comments to you shortly-  we don't usually
share the draft, just the concept which I don't see any hold up on that, but
since we're still working on it, I don't want to give them a hardcopy-  MK

	From:  Susan Scott                           07/18/2000 09:59 AM

To: Glen Hass/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON

Subject: Re: TW Capacity Options

I spoke with Steve Stojic about this and he had the same concern.  Even
though I was trying to keep this out of the new rate schedule requirements by
not making it a rate schedule, I believe I still managed to cover many
checklist items.  One that is not covered is testimony similar to what might
be filed in a rate case, in order to justify market based rates.  We are
planning to include a revenue estimate.  I'll go over these and make sure
everything is addressed before filing.

Are you OK with this filing from a general conceptual standpoint?  The
marketers want to start giving a draft to customers for them to review
beginning TODAY.

	From:  Glen Hass                           07/17/2000 05:35 PM

To: Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON

Subject: Re: TW Capacity Options

Susan,

 In reviewing the proposed filing I had some questions.  On page 2 in the
discussion of ensuring sufficient capacity we offer to establish position
guidelines, do we need to outline these and either include them as an exhibit
or have them ready for reply to either protesters or a staff data request?
Secondly, if we regard this as a new service does our filing comply with all
aspects of 154.202 (a) (ii), (iii), (iv) (A) & (B), (v), (vi), (viii) and
(ix)?  In recent filings the staff has challenged our filings in terms of
addressing each of these requirements.  I believe many our covered but
thought you might like to double check for compliance.  What about a revenue
estimate? Seems like we need one, even if its still very speculative.

Glen

	From:  Susan Scott                           07/12/2000 03:19 PM

To: Steven Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michele Lokay/ET&S/Enron@Enron, Christine
Stokes/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON, sstojic@gbmdc.com, Mary Darveaux/ET&S/Enron@ENRON,
Glen Hass/ET&S/Enron@ENRON, Drew Fossum@ENRON, John
Buchanan/ET&S/Enron@ENRON, Ramona Betancourt/ET&S/Enron@ENRON
cc: Tony Pryor/ET&S/Enron@ENRON, Brian Hensley/ET&S/Enron@Enron

Subject: TW Capacity Options

Attached for your review is a draft of Transport Options filing that
incorporates the comments and suggestions I've received since last week.
Please provide any further suggestions/changes to me as soon as possible, but
in no case later than close of business, Friday, July 14.

The timeline I've discussed with TW Commercial for this project is as follows:

Final draft comments   Friday, July 14

Circulate draft to customers,
customer meetings, time for
customers to respond, informal
discussion with FERC   Mon. July 17 - Wed. July 26

Final internal review/edit of filing  Thursday, July 27

FERC filing    Monday, July 31

Please let me know your comments on this proposed timeline as well.  Thank
you.


Enerfax GOLD
NORTH AMERICA'S FREE? GAS, OIL, LIQUIDS & DERIVATIVES
INFORMATION SOURCE
   Monday, February 11 2002? No. 480
Visit our website at: http://www.enerfaxgold.com

PETROLEUM PRICES ???
| Bonny Light      |  $20.19
| Brent            |  $20.09
| Butane           |  $ 0.40
| Fuel Oil #2      |  $ 0.53
| Louisiana        |  $20.85
| Medit.           |  $18.54
| Propane Non-tet  |  $ 0.31
| Propane Wet-tet  |  $ 0.31
| W. Tx Int Cush   |  $20.28
| W. Tx Sour       |  $19.05

| Euro in US equiv |  0.8730
-------------------------------------------------------------
Todays Petro Bulletins
 * Young Oil Hits 3rd Flowing Oil Well in Kentucky
 * Big Speculators Trim NYMEX Net Short Crude Positions
 * McDermott Wins Ruling in Asbestos Case
 * MMS Awards ChevronTexaco, Williams, Equiva and Exxon Mobil 1st
Contracts to
Deliver 60,000 bpd of Royalty-in-Kind Crude Oil to SPR
 * FTC Approves ChevronTexaco's Plan to Sell Texaco's Stake in Motiva
and Equilon to Shell Oil and Saudi Refining
 * Teppco Partners Files with SEC to Sell Up to $500 Million of 10-
Year Senior Unsecured Notes
 * BG's Indian LNG Project Bogged Down by Higher Taxes
 * Colombia Finds Two 100 Million-Barrel Oil Fields
 * Fitch Affirms CITGO Petroleum and PDV America `BBB' Ratings
 * Suncor Energy Foundation Donates $3.4 Million to 212 Charitable
Organizations in 2001
-------------------------------------------------------------
OPEN SEASON

SG Resources Mississippi, L.L.C., a wholly owned subsidiary of SGR
Holdings, L.L.C., is conducting an open season for firm storage
services at its new high-deliverability, salt cavern, natural gas
storage facility, known as the Southern Pines Energy Center. The open
season will begin at 9:00 a.m. CDT on February 4, 2002, and will
continue until 5:00 p.m. CDT on March 4, 2002. The project is located
at the border of Mississippi and Alabama with access to the major
pipelines serving the Mid-Atlantic and the Southeastern United
States. The facility is ideally located to serve as a transportation
and storage hub for shippers on any one of nine major pipelines that
will be interconnected directly or indirectly to the project.
Information on the facility and the Open Season is available on our
web site at
http://www.sgr-holdings.com
or contact us at 713-914-8188
--------------------------------------------------------------
NYMEX - NY Harbor Heating Oil? ? ? ? ? ?
Month ??High ??Low? ? Last ? Change
MAR 02 0.5370 0.5200 0.5334 +0.0140
APR 02 0.5390 0.5230 0.5381 +0.0137
MAY 02 0.5410 0.5275 0.5401 +0.0127
JUN 02 0.5420 0.5335 0.5446 +0.0122
JUL 02 0.5490 0.5375 0.5501 +0.0122
AUG 02 0.5570 0.5495 0.5581 +0.0117
SEP 02 0.5600 0.5580 0.5671 +0.0117
OCT 02 0.5745 0.5644 0.5761 +0.0112
NOV 02 0.5830 0.5800 0.5841 +0.0107
DEC 02 0.5915 0.5900 0.5916 +0.0102
-------------------------------------------------------------
NYMEX Crude Oil Futures ($ / Barrel)
Month ?Open ?High ??Low ?Last  Change
MAR 02 19.71 20.28 19.65 20.26 +0.62
APR 02 20.05 20.65 20.03 20.62 +0.60
MAY 02 20.28 20.80 20.24 20.79 +0.59
JUN 02 20.48 20.80 20.43 20.85 +0.54
JUL 02 20.45 20.63 20.45 20.85 +0.50
AUG 02 20.50 20.50 20.50 20.85 +0.48
SEP 02 20.42 20.90 20.75 20.86 +0.47
OCT 02 20.87 20.87 20.87 20.87 +0.46
NOV 02 20.62 20.62 20.62 20.88 +0.45
DEC 02 20.55 20.85 20.55 20.88 +0.43
-------------------------------------------------------------
Crude Oil Futures Rally on IEA Report

    Crude oil futures for March delivery on the NYMEX gained $0.62 to
$20.26 per barrel on Friday as speculators and small traders covered
short positions ahead of the weekend. The market softened last week
after a report by the EIA of a 2.4 million barrel rise in crude
stocks as refineries cut production due to poor margins. The latest
report from the IEA gave the market a boost by indicating that OPEC,
excluding Iraq, exported 640,000 bpd less of oil last month than in
December. The IEA pegged production by the 10 cartel members with
quotas at 23 million bpd, still well above their 21.7 million bpd
limit. Even though OPEC's cut is less than half of their promised
curbs, non-OPEC producers only trimmed exports by a third of their
promised reductions. The IEA says that there are opposing forces at
work in the oil market, while OPEC and others are lowering exports,
refiners are cutting runs, reducing demand and largely offsetting the
export reductions. Reports that Kuwait's state oil refiner would
shutdown its 200,000 bpd Shuaiba refinery for 7-10 days due a
mechanical problem helped lift prices. Heating oil for March delivery
on the NYMEX climbed $0.014 to $0.5334 per gallon. March gasoline
futures on the NYMEX rose $0.018 to $0.5877 per gallon. In London,
Brent crude oil futures for March delivery on the IPE were up $0.51
to $19.72 per barrel.
-------------------------------------------------------------
NYMEX Henry Hub Natural Gas Futures
12 Month Strip ?2.5783  +0.0369 ? ? ?
18 Month Strip ?2.6708  +0.0306 ? ?
| Month | High  |  Low  | Close | Change |
| MAR   | 2.210 | 2.150 | 2.191 | +0.041 |
| APR   | 2.280 | 2.215 | 2.265 | +0.043 |
| MAY   | 2.350 | 2.287 | 2.338 | +0.046 |
| JUN   | 2.410 | 2.352 | 2.403 | +0.043 |
| JUL   | 2.470 | 2.413 | 2.460 | +0.040 |
| AUG   | 2.520 | 2.473 | 2.510 | +0.037 |
| SEP   | 2.520 | 2.476 | 2.512 | +0.036 |
| OCT   | 2.545 | 2.502 | 2.537 | +0.035 |
| NOV   | 2.760 | 2.717 | 2.750 | +0.033 |
| DEC   | 2.965 | 2.917 | 2.951 | +0.031 |
| JAN   | 3.050 | 3.000 | 3.041 | +0.031 |
| FEB   | 2.990 | 2.949 | 2.981 | +0.026 |
-------------------------------------------------------------
Baker Hughes January 2002 Rig Counts

  Baker Hughes international rig count for January 2002 was 744, down
8 from 752 in December 2001 and up 27 from 717 in January 2001. The
international offshore rig count for January 2002 was 235 up 13 from
222 in December 2001 and up 29 from the 206 in January 2001. The US
rig count for January 2002 was 867 down 34 from 901 in December 2001
and down 251 from 1,118 in January 2001. The Canadian rig count for
January 2002 was 405 up 141 from 264 in December 2001 and down 134
from 539 in January 2001. The worldwide rig count for January 2002
was 2,016 up 99 from 1,917  in December 2001 and down 358 from 2,374
in January 2001.
-------------------------------------------------------------
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That means knowing before you hit a risk problem, not afterwards when
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Keep alert to risk. Do it in real time. Call KWI -http://www.kwi.com/
Americas: +1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia
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-------------------------------------------------------------
Hunt Oil Commissions Study for Camisea LNG Project

    A subsidiary of Hunt Oil, Camisea LNG, has selected Kellogg Brown
& Root, a division of the Halliburton, to conduct a Front End
Engineering Design study for a LNG liquefaction facility and marine
terminal on the coast of Peru south of Lima. The $8.5 million study
is expected to be complete in about 8 months. The facility will be
near the Camisea natural gas field, which is estimated to contain 13
Tcf.  Development of the field and construction of a pipeline and
related facilities to deliver gas to Lima are currently underway and
are expected to be completed in 2004. If the plant is constructed,
Peru would become the first country in South America to export LNG,
with shipments expected by the last quarter of 2006. The FEED
contract will include studies from the inlet to the LNG facility,
through the liquefaction process, to the marine LNG loading facility.
The design study contemplates a one-train liquefaction plant with a
total production capacity of at least 545 MMcf of gas per day.
Kellogg Brown & Root will also study and engineer plans for a
dehydration facility, an acid gas removal facility, and other
necessary infrastructure. Concurrent with the FEED contract,
environmental impact assessment for the Camisea LNG export project
will be conducted.
-------------------------------------------------------------
IPE-Brent Crude futures (US $/barrel)
Month ?First ?High ?Low ??Sett ?Chg
MAR 02 19.35 19.80 19.32 19.72 +0.51
APR 02 19.67 20.05 19.60 19.97 +0.45
MAY 02 19.88 20.20 19.75 20.15 +0.43
JUN 02 19.73 19.99 19.65 19.97 +0.39
JUL 02 19.74 19.93 19.66 19.93 +0.35
AUG 02 19.78 19.93 19.71 19.93 +0.31
SEP 02 19.82 19.96 19.76 19.96 +0.29
OCT 02 19.99 19.99 19.99 19.99 +0.29
NOV 02 20.02 20.02 20.02 20.02 +0.29
DEC 02 20.05 20.05 20.05 20.05 +0.30
-------------------------------------------------------------
NYMEX-Mont Belvieu Propane
Gas Futures($ / Gallon)
Month ? ?High ??Low ??Last ? Change
Mar 02 0.3075 0.3060 0.3075 +0.0025
Apr 02 0.3100 0.3075 0.3100 +0.0025
May 02 0.3100 0.3100 0.3100 +0.0025
Jun 02 0.3125 0.3025 0.3125 +0.0025
Jul 02 0.3125 0.3000 0.3125 +0.0025
Aug 02 0.3150 0.3100 0.3150 +0.0025
Sep 02 0.3300 0.3125 0.3300 +0.0025
Oct 02 0.3300 0.3150 0.3300 +0.0025
Nov 02 0.3325 0.3175 0.3325 +0.0025
Dec 02 0.3400 0.3250 0.3400 +0.0025
-------------------------------------------------------------
Williams Cuts Deliveries on Pipeline

    Williams says it has cut deliveries in its oil products pipeline
in the Midwest through the end of February and then will re-evaluate
the situation. Sharply lowered demand for diesel fuel and gasoline
have led to a supply glut in the Midwest, despite cutbacks in
refinery runs. Current low prices make it more economically feasible
to store the products rather than take them out of storage. As a
result, there is danger of a backup of gasoline and diesel fuel
supplies in the Gulf Coast region. Williams would not provide
specific figures on the volumes being cut on its 9,000 miles of
pipeline that includes 39 terminals in 11 states. In 2001, the
Williams Pipe Line system moved an average of about 740,000 bpd.
Currently, there is about 6.8 million barrels in storage, out of a 7
million barrel capacity for 87 octane gasoline in the Williams
system. Williams' diesel fuel capacity is about 4.5 million barrels,
and for the past 2 weeks Williams has carried more than 5 million
barrels in the system. As summer approaches, the pressure is on for
Williams to turn around its gasoline stocks. The winter-grade
gasoline is now in the tanks. The oversupply will make it more
difficult this year for Williams to turn over the product in time for
summer-grade gasoline, which must be at terminals by May 1st.
-------------------------------------------------------------
IPE - ARA Gas Oil Futures $ / Tonne
Month ??High ??Low ???Sett ?Change
MAR 02 165.00 162.00 164.75 + 4.75
APR 02 166.75 164.00 166.75 + 4.75
MAY 02 168.00 165.75 168.00 + 4.00
JUN 02 169.75 167.00 169.75 + 3.75
JUL 02 171.50 171.00 171.50 + 3.50
AUG 02 173.25 173.25 173.25 + 3.25
SEP 02 175.25 175.25 175.25 + 3.25
OCT 02 177.25 177.25 177.25 + 3.25
NOV 02 178.25 178.25 178.25 + 3.25
DEC 02 178.78 178.75 178.75 + 3.00
-------------------------------------------------------------
NY HARBOR UNLEADED GAS FUTURES
Month? ?High ? Low ???Last ??Change
Mar 02 0.5900 0.5710 0.5877 +0.0180
Apr 02 0.6590 0.6435 0.6576 +0.0148
May 02 0.6650 0.6520 0.6649 +0.0141
Jun 02 0.6675 0.6580 0.6671 +0.0133
Jul 02 0.6624 0.6330 0.6624 +0.0122
Aug 02 0.6516 0.6440 0.6516 +0.0114
Sep 02 0.6341 0.6335 0.6341 +0.0109
Oct 02 0.6081 0.5815 0.6081 +0.0104
Nov 02 0.5991 0.5810 0.5991 +0.0099
Dec 02 0.5971 0.5860 0.5971 +0.0094
-------------------------------------------------------------
Senate Seeks to Increase Vehicle Fuel Standards

    Democrats in the Senate have introduced legislation to raise
vehicle fuel efficiency standards and close a loophole that allows
SUVs to get lower gasoline mileage than cars. The bill, which aims to
reduce dependence on foreign oil by cutting back on gasoline use,
would require the vehicle fleet to average 35 miles per gallon by
2013, up from the current 24 mpg. Currently, the Corporate Average
Fuel Economy standards require passenger cars to average 27.5 mpg,
while sport-utility vehicles, along with mini-vans and other vehicles
in the light truck category, need get only 20.7 mpg. The proposed
legislation would slowly increase the fuel efficiency of both cars
and light trucks. The CAFE standards would increase to 33.2 mpg for
cars and 26.2 mpg for light trucks by 2010, and then jump to 38.3 mpg
for cars and 32 mpg for light trucks in 2013. The legislation would
combine the passenger car and light truck categories beginning with
the 2010 model year. However, heavy-duty pickup trucks are not
included. Gasoline demand accounts for 45% of the 19.8 million
barrels of oil that is consumed daily in the American market. Half of
that oil is imported. Raising the fuel standard would save 2.6
million bpd by 2020. Republicans have come up with a competing CAFE
plan that would require an average fuel economy for fleet of 36 mpg
by 2016. Higher fuel requirements would be phased in beginning with
the 2007 model year. That bill would combine light trucks and SUVs
with passenger cars when calculating the fleet's fuel economy,
thereby eliminating the SUV loophole. It would also allow auto makers
to trade greenhouse gas emission credits with other industries to
help meet the higher CAFE requirements. Auto makers say a significant
boost in mileage requirements would force them to make more
expensive, light-weight vehicles that they claim would be less safe.
Whichever CAFE standard the Senate Committee approves will be
included in a broad energy bill the Senate will begin debating this
week. However, higher fuel requirements might not make it beyond the
Senate floor if the parties are not able to resolve differences over
both the CAFE standard and drilling in the Arctic National Wildlife
Refuge. The Senate will also have to work out differences on energy
policy with the House of Representatives. The House passed its own
version of a broad energy bill last August that would allow drilling
in ANWR and increase the vehicle mileage requirements only slightly.
-------------------------------------------------------------

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main phone number:  1 510-548-6200
email address: info@fea.com
-------------------------------------------------------------
PHYSICAL GAS PRICES? ? ?
Gulf/Eastern Region
| Agua Dulce              | 2.08  |
| ANR SE                  | 2.15  |
| Carthage TG             | 2.14  |
| Chicago Citygate        | 2.21  |
| Columbia Gulf Onshore   | 2.17  |
| Dominion South Point    | 2.40  |
| Henry Hub               | 2.21  |
| Houston Ship Channel    | 2.21  |
| Katy Hub                | 2.15  |
| NGPL LA Pool            | 2.15  |
| NGPL - Midcontinent     | 2.10  |
| NGPL STX                | 2.11  |
| NGPL TX/OK              | 2.14  |
| NNG Demarc.             | 2.17  |
| Niagara                 | 2.38  |
| Sonat Tier 1            | 2.17  |
| TCO IPP Pool            | 2.29  |
| Tetco ELa               | 2.16  |
| Tetco M-3               | 2.49  |
| Tetco STX               | 2.10  |
| TGP Zone 0              | 2.12  |
| TGP Zone 1 (500 Leg)    | 2.17  |
| TGT Zone SL             | 2.14  |
| New York Citygate       | 2.51  |
| Transco Station 65      | 2.23  |
| Transco Zone 6 (NY)     | 2.51  |
| Trunk ELa               | 2.18  |
| Western Region
| California Border       | 2.17  |
| El Paso Keystone        | 2.05  |
| El Paso San Juan-Blanco | 2.05  |
| Waha Hub                | 2.11  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.93  |
| Dawn Hub/Union          | 2.30  |
| Northwest Stanfield     | 2.04  |
| Wyoming Pool            | 1.97  |
| Opal                    | 1.97  |
| PGT-Malin               | 2.10  |
| Sumas                   | 2.00  |
          Flow Dates 2/9-11
-------------------------------------------------------------
Nymex Option Volatility
Supplied by "The Daily Hedger"
http://www.energyinstitution.org

	WTI
	   Futures	   Days Left	Implied
Month	Settlement	to Exp    	Volatility
Mar   $20.26        6          42.7%
Apr   $20.62       35          44.3%
May   $20.79       68          41.6%
Jun   $20.85       97          41.9%
Jul   $20.85      129          40.4%
Aug   $20.85      159          41.2%
Sep   $20.86      188          39.8%
Oct   $20.87      221          37.8%
Nov   $20.88      251          36.6%
Dec   $20.88      280          35.1%
HEATING OIL
	   Futures	  Days left Implied
Month	Settlement	to Exp  	Volatility
Mar   $0.5334      17       42.2%
Apr   $0.5381      46       39.6%
May   $0.5401      76       39.4%
Jun   $0.5446     109       38.5%
Jul   $0.5504     137       37.4%
Aug   $0.5581     168       36.9%
Sep   $0.5671     200       36.5%
Oct   $0.5761     229       35.6%
Nov   $0.5841     262       34.6%
Dec   $0.5916     291       33.6%
 NY HARBOR UNLEADED
       Futures    Days left  Implied
Month Settlement   to Exp    Volatility
Mar   $0.5877        17      43.2%
Apr   $0.6576        45      41.5%
May   $0.6649        76      41.5%
Jun   $6.6671       109      40.9%
Jul   $0.6624       137      38.7%
Aug   $0.6516       168      38.4%
Sep   $0.6341       200      37.6%
 Natural Gas
	      Futures	                Implied
Month	Settlement	Days Left    Volatility
Mar    $2.191         17       59.9%
Apr    $2.265         45       50.2%
May    $2.338         76       51.6%
Jun    $2.403        109       46.7%
Jul    $2.460        137       42.9%
Aug    $2.510        168       42.8%
Sep    $2.512        200       43.7%
Oct    $2.537        229       46.4%
Nov    $2.750        262       44.5%
Dec    $2.951        290       45.3%
-------------------------------------------------------------
Shell to Rebrand Newly Acquired Stations

    In one of the largest rebranding efforts ever undertaken in the
US, Shell plans to spend about $500 million to replace the Texaco
name with its own logo on thousands of gasoline stations it acquired
from ChevronTexaco. The Texaco stations will be given a new look,
similar to those of Shell's European stations and about 9,000 current
Shell stations in the US will also be given a facelift to match.
ChevronTexaco sold the stations to Shell after the FTC required it to
divest the stations and other assets in order to gain approval for
its merger. Shell says it may either close or sell 10%-30% of the
retail outlets it acquired in the deal and could trim about 15% of
jobs at those stations. The acquisitions will give Shell over 20,000
retail outlets in the US, or about 15% of the market, making it the
largest retailer of gasoline in the country. It will also be the
largest retail gasoline operator worldwide, with about 45,000
stations, mostly in Europe. Shell was also given the rights to sell
Texaco's Havoline motor oil for 18 months. The acquisition be
approved by the attorneys general in 12 states.
-------------------------------------------------------------
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-------------------------------------------------------------
Have your ad seen by over 45,000 energy professionals for $500. Write
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--------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 climbed 51.94 points to 7535.36
The CRB Index added 1.54 points to 191.76
The US Dollar decreased 0.09 points to 118.98
The Dow advanced 118.80 points to 9744.24
The S&P 500 gained 16.05 points to 1096.22
The Nasdaq was up 36.77 points to 1818.88
March NYMEX Crude Oil rose 0.62 to 20.26
Canadian-US Exchange lost 0.0014 to 1.5974
-------------------------------------------------------------
For information on  advertising on Enerfax GOlD or Enerfax Daily
please write
advertise@enerfax.com or call 800-809-8289
-------------------------------------------------------------
Past issues available on Divine's Sagewave.  Go to
http://www.sagewave.com/D2/autolog/common/log.asp?KEY=enerfax
for a free membership to view past issues.
Past issues are also available on http://www.egroups.com, sign up for
a free id with password.  Then go to Join a Group and put Enerfax in
the search box to view past isues.
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To unsubscribe write enerfaxgold-unsubscribe@egroups.com
For information on advertising, please write advertising@enerfax.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Do you want to go to Austin tonight?  I have an extra ticket to the game
tomorrow.  We will be back to Houston by 5 tomorrow.
Let me know.

Eric


Latest draft of turbine contract for LV Co Gen.

ckm
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/24/2001 06:07
PM ---------------------------

"Thompson, Peter J." <pthompson@akllp.com> on 04/24/2001 02:56:48 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>, "Bill Williams (E-mail)"
<Bill.Williams@enron.com>, "Dale Rasmussen (E-mail)"
<Dale.Rasmussen@enron.com>, "Lee. Johnson (E-mail)"
<lee.johnson@ss.ps.ge.com>, "Kent. Shoemaker (E-mail)"
<kent.shoemaker@ae.ge.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: LV Cogen Turbine Agreement

Attached please find the latest LV Cogen Turbine Agreement (second
document below) that provides notices to Enron North America, as agent
for E-Next Generation, and changes to the signature blocks.  Also
attached is a blackline (first document below) showing changes made to
the version circulated on April 10. Pursuant to instructions received
from Kay Mann and Bill Williams, this version does not contain the
contractor's comments.  To complete the agreement, we will need to
insert the date of execution and Exhibit H-2.
 <<Comparison of LV Cogen Agreement, Versions 3 to 5.DOC>>  <<LV Cogen
Gas Turbine Agreement - Version 5.DOC>>
 - Comparison of LV Cogen Agreement, Versions 3 to 5.DOC
 - LV Cogen Gas Turbine Agreement - Version 5.DOC


Heather:  Jackie Adams will represent the West desk.  Thanks.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 02/03/2000 05:01
PM ---------------------------

Heather Choate
02/03/2000 04:57 PM
To: Randall L Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Edward
Terry/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT, Alex Saldana/HOU/ECT@ECT
Subject: Mtg: Alternate Work Schedules

   A lunch meeting has been scheduled to discuss Alternate Work Schedules...

  On Wednesday, February 9, 2000
  in EB3013 from 11:30am to 1:00pm
    (lunch provided)

  Please forward me the attending names for your group with a copy to Bob by
tomorrow (2/4).

   Thanks,
   Heather


California:

I99-07-003  SoCalGas Unbundling.  On December 17, 2001, the CPUC published the SoCalGas unbundling order issued last week.  Significantly, the Commission directed SoCal to include an additional 375mm/d of new backbone capacity in the open season process.  This capacity includes 50mm/d of receipt point capacity at Needles.  Marketing will contact SoCal regarding the inclusion of this RP capacity as Primary Access Rights from Transwestern.  Provided supporting references/data for this position in the Systems Adequacy proceeding and original Comprehensive Settlement document.  SoCal was directed to file an Advice Letter to establish tariff revisions and a schedule for implementation within 15 business days of the effective date which is December 11, 2001.  Taking into consideration two holidays, this makes their filing due January 3, 2002.  Comments and/or protests of the Advice Letter will be due 20 days later (Jan. 23, 2001).

A01-10-011  PG&E's Gas Accord.  The CPUC issued a Notice of the Prehearing Conference to be held on January 7, 2002.  Prehearing Conference statements are due January 2, 2002.

Schedule:

Week of 12/24

Vacation 12/26-28 & 12/31


Just let me know what you want and next time I will get it for you.

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, October 23, 2001 3:45 PM
To:	Griffith, John
Subject:	RE: Settles

never mind.  i wanted a snack and i think that you owe me.  :)

 -----Original Message-----
From: 	Griffith, John
Sent:	Tuesday, October 23, 2001 3:41 PM
To:	Nelson, Michelle
Subject:	RE: Settles

I don't get it

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, October 23, 2001 3:07 PM
To:	Griffith, John
Subject:	RE: Settles

I sure am hungry!

 -----Original Message-----
From: 	Griffith, John
Sent:	Tuesday, October 23, 2001 3:07 PM
To:	Nelson, Michelle
Subject:	RE: Settles

Here are the settles.  Thanks.

John

 << File: Daily Settles.xls >>

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Tuesday, October 23, 2001 2:12 PM
To:	Griffith, John
Subject:	Settles

 << File: Daily Settles.xls >>


Yes I'm going to the luncheon today.  I also brought jeans, but I too am wearing a skirt so I won't deprive YOU of a look at MY legs.

-----Original Message-----
From: Karen L. Taylor [mailto:kltaylor@duke-energy.com]
Sent: Wednesday, November 07, 2001 9:57 AM
To: Lucci, Paul T.
Subject: RE:

I'm wearing green today.  No, I'm not going to wear jeans tonight.  I
thought about it, then decided against it.  I didn't want to deprive you of
a good look at my legs, so I wore a skirt.  Are you going to the COGA
annual meeting/lunch (I only go because of the free food) today?

                    "Lucci, Paul
                    T."                   To:     "Karen L. Taylor" <kltaylor@duke-energy.com>
                    <Paul.T.Lucci@        cc:
                    enron.com>            Subject:     RE:

                    11/07/01 09:44
                    AM

Hey Jack needs to only talk to me.  And, what color are you wearing?  I
would hold on Enron stock for now.  I think it is a long term buy but I
don't see anything good on the immediate horizon so I think you may get
a better price if you wait.  Are you wearing Jeans tonight.

-----Original Message-----
From: Karen L. Taylor [mailto:kltaylor@duke-energy.com]
Sent: Wednesday, November 07, 2001 8:48 AM
To: plucci@enron.com
Subject:

Jack Vaughn is in our office right now.  He just walked into my office
and
said (like always) "Hey, Gorgeous!  Wow, that's a great color for your
eyes."  And my boss still doesn't quite seem to get it when I tell him
it
is often difficult for a woman to be taken seriously in this industry.

Is Enron stock a good buy at $8?

**********************************************************************
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.
**********************************************************************


Rod:

I took the liberty of summarizing my 14 1/2 years of work at Enron.  Either you can use it in your discussions with Andy or I can (if we feel it becomes necessary).  I get the sense that Andy (and Ben for that matter) may have lost sight of my contributions to the company.  I thought this might help clear up a few things.  I was a little "fuzzy" pre-1992!  I would be more than happy to discuss this with you prior to a meeting with Andy.

Thanks,

Kevin


I've been working pretty heavily. This past Sat I went to the Rennaisance Festival, which runs
for about 7 consecutive weekends in the fall every year in the country north of Houston.
It is set up like a huge medieval village with jousting, shops, etc. People dress up like elves,
swordsmen, wizards, fairies. (I even saw a fat guy dressed as a fairy) People are really into
it, and travel a long way to go.
Have you seen the new Ford Thunderbird? Go online if you haven't, and have the big guy look
at it, too. I think it looks pretty awesome, but I'm not sure it will be my next car.

Love,
Jason

 -----Original Message-----
From: 	"Cathy Wolfe" <cathywolfe@ezeeweb.com>@ENRON
Sent:	Monday, October 29, 2001 3:20 PM
To:	Wolfe, Jason
Subject:	Hello

Hi Jason,
We don't hear much from you these days.
 Did you watch the Cowboys game yesterday? I didn't know that Wright was
out.
 We bought a digital camera Fri. so we're going to Jill's when she gets off
work to take some pictures of Mikayl. I'll also make sure we take some
pictures of him in his Halloween costume. I took a day off today. the
weather has been really nice. I took some good pictures of Dad on his
motorcycle.
 Better go and get ready to go to Jill's.
 Love, Mom


-----Original Message-----
From: 	rjn@predict.com@ENRON   On Behalf Of Jim Nusbaum <rjn@predict.com>
Sent:	Tuesday, October 16, 2001 4:23 PM
To:	Kaminski, Vince J
Subject:	Prediction Company proposal

Vince,

Here is our proposal.  Let me know what you think.  Sorry for the delay
in getting this out.

--
Jim Nusbaum             rjn@predict.com
Chief Technology Officer
Prediction Company
phone: 505-984-3123     fax: 505-983-0571
 - proposal.rtf


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:57 PM ---------------------------

"FinancialCAD Corporation" <info@fincad.com> on 12/03/99 05:30:58 PM
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To: Vince J Kaminski/HOU/ECT@ECT
cc:
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Dan and Les,

At Southern Co.'s request, I have set up a conference call for 3pm on this
Friday (April 20).  Alan wants our comments to the agreement and will provide
us with pricing that they think will work for the project.

Dan, if you can conference in, that would be great.

Thanks.


FYI

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 02/02/2001 01:59 PM -----

	Steve Pruett@ENRON
	02/02/2001 12:57 PM

		 To: TERESA.g.bushman@enron.com
		 cc:
		 Subject: Internet Update

---------------------- Forwarded by Steve Pruett/Corp/Enron on 02/02/2001
12:23 PM ---------------------------

"TIM HEADLEY" <theadley@gardere.com> on 01/17/2001 02:53:32 PM
To: undisclosed-recipients:;
cc:

Subject: Internet Update

Friends,
?
In case you are interested in the latest intellectual property issues
involving the Internet, I have attached my paper which I will be giving at a
State Bar Seminar in March.? I have also included below a link to that  paper
on Gardere's web page:
?
http://www.gardere.com/newsimages/Internetupdate.pdf
?
?
?
Tim Headley
Gardere Wynne Sewell LLP
1000 Louisiana, Suite  3100
Houston, TX? 77002-5007
Office:?? 713 276  5320
Mobile:? 713 398 1045
Fax:??????  713 276 6320
www.gardere.com
 - 2001 Internet Update.doc
 - TIM HEADLEY.vcf


I appreciate your concern about the lack of timing, but this one went from 0-60 in 5 secs flat as their board meeting is this Wednesday and they have it only once a month.  I will def. be more sensitive to allowing some more lead time going forward.

Blue Ridge is a Coop which consists of the members listed below.  I believe we can sign one CA which binds Blue Ridge and all its affiliates, but when it comes to signing final deal documents, we'd have to do it via individual towns.

Regards,
- R

 -----Original Message-----
From: 	Mann, Kay
Sent:	Monday, October 22, 2001 12:30 PM
To:	Carnahan, Kathleen
Cc:	Jafry, Rahil
Subject:	RE: CA for Blue Ridge

I'm in, but with lots going on.

What is the Blue Ridge Power Agency, as in what type of legal entity is it?  It sounds like it isn't one, if we would be signing CA's with each member.  Sounds like we may need CA's for each one of them.

Rahil, it would be very helpful if you could give us a bit more lead time next time around.  We want to do the best job possible for you!

Thanks,

Kay

 -----Original Message-----
From: 	Carnahan, Kathleen
Sent:	Monday, October 22, 2001 11:59 AM
To:	Mann, Kay
Subject:	FW: CA for Blue Ridge
Importance:	High

Rahil needs this by tomorrow.  Are you in today?

Kathleen

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Monday, October 22, 2001 10:55 AM
To:	Carnahan, Kathleen
Cc:	Emmons, Suzette
Subject:	CA for Blue Ridge
Importance:	High

Kathleen,

As discussed, here're the details surrounding our deal discussions with Blue Ridge Power Agency.  To date, we've had a preliminary meeting with them, in which they expressed interest in Enron serving their Members' load on an "All Requirements" basis (similar to our potential deal with CVEC).  Blue Ridge Members are:

Cities of Bedford, Bristol, Danville, Martinsville, Radford, Salem
Towns of Richlands, Virginia Tech
Central Virginia Co-Op (CVEC) & Craig-Botetourt Electric Co-Op

Following our meeting with Blue Ridge, they have sent us some load data and have chatted with us re. the types of deal-structures they would prefer.  We are expected to provide them with an indicative feedback on potential structures and prices by tomorrow (10/23/01).

Ideally, I'd like for the information we provide them (and hence to their consultants and their members) to be protected by the CA.  As and when a deal comes to fruition, we will probably be signing contracts with each one of the members individually.

Thanks again for your help.  Feel free to give me a call if you have any further questions.

Regards,
Rahil
Ext. 3-3206

Name/Address:
Blue Ridge Power Agency
5656 US Hwy. 29,
Suite B-1,
Blairs, VA 24527
USA

Phone:
(434) 836-8375

Representative Name:
Duane Dahlquist
General Manager

Term of Confidentiality:
October 22, 2001 - October 21, 2002 (or, other standard timelines)

Potential Deal Structure:
Enron will sell to the members of Blue Ridge, firm, fixed price energy to meet its load obligation.  Energy will be delivered at the Borders of AEP, Cinergy, and VEPCO systems, and Blue Ridge's existing transmission agreements will be used to deliver the energy.

Enron will be responsible for all the ancillary and load following services
Enron will be charging a fixed price per MWh to reflect the energy and services provided to Blue Ridge
Enron will have access to Blue Ridge's peak-shaving and demand side resources to serve Blue Ridge's load