Performance Reviews: Perilous Curves Ahead Grading employees via forced
rankings is a valuable management tool, say many companies. A slew of
employees beg to differ.
Fortune Magazine, 05/28/01

UAE: Enron to pull out of Dolphin project
Middle East Economic Digest, 05/18/01

Bush Energy Text
Associated Press Newswires, 05/17/01

Williams Capital Group's Ellinghaus on Energy Policy: Comment
Bloomberg, 05/17/01

Enron's Maurer on Brazil's Power Regulation Problems: Comment
Bloomberg, 05/17/01

Enron to Provide Gas Prices to NGX, Drops Lawsuit (Update1)
Bloomberg, 05/17/01

Venezuela to Award 11 Gas Tracts June 28-29, First Since 1975
Bloomberg, 05/17/01

USA: U.S. green groups pummel Bush energy plan.
Reuters English News Service, 05/17/01

INDIA: Enron India unit lenders put off cancellation vote to Friday.
Reuters English News Service, 05/17/01

UK: Global Coal website starts e-trading coal.
Reuters English News Service, 05/17/01

CHINA: India tells Enron to renegotiate Dabhol contract.
Reuters English News Service, 05/17/01

Common Cause Statement On Cheney Energy Panel's Report; Recommendations Seen
As Payback For Big Time Donors
U.S. Newswire, 05/17/01

FORTUNE Advisor/On The Job
Performance Reviews: Perilous Curves Ahead Grading employees via forced
rankings is a valuable management tool, say many companies. A slew of
employees beg to differ.
Matthew Boyle

05/28/2001
Fortune Magazine
Time Inc.
187+
(Copyright 2001)

Sanaa Taraman taught at the University of Michigan at Dearborn shortly after
getting her Ph.D. in industrial engineering, so she knows all about grading
on a curve. But she never thought she'd be the victim of one. A 25-year Ford
veteran and the mother of three, Taraman was told last December that she had
received the rank of C, the lowest grade under Ford's new
performance-evaluation system. Employees who get a C are not eligible for
bonuses that year. Two C's in a row are grounds for dismissal. Those in the
double-C group will "not necessarily" be fired, says Francine Romine, a Ford
spokesperson.
Taraman, 54, a senior technical specialist, says she had never before
received a poor performance evaluation. She claims that her manager signed
off on a B ranking after she successfully completed a demanding
assembly-plant project, but that the ranking mysteriously changed to a C a
week later. Now on medical leave to treat depression, Taraman joined eight
other Ford employees in filing a class-action lawsuit in February, alleging
that the auto giant's evaluation system discriminates against older workers.
"I felt I was a scapegoat," she says. Romine maintains that Ford's ranking
system "is fair and nondiscriminatory."
In companies across the country, from General Electric to Hewlett- Packard,
such grading systems--in which all employees are ranked against one another
and grades are distributed along some sort of bell curve--are creating a
firestorm of controversy. In the past 15 months employees have filed
class-action suits against Microsoft and Conoco as well as Ford, claiming
that the companies discriminate in assigning grades. In each case, a
different group of disaffected employees is bringing the charges: older
workers at Ford, blacks and women at Microsoft, U.S. citizens at Conoco.
Forced ranking systems, also known as forced distribution or "rank and yank,"
have been around for decades. Adherents include several of FORTUNE's Most
Admired Companies, like Cisco Systems, Intel, and GE (see sidebar). But
thanks to the slowing economy and an increased focus on pay for performance,
more companies--a quarter of the FORTUNE 500, by one estimate--have
instituted such forced rankings or gotten tougher with their existing
systems. For example, Enron recently expanded its ranking system to cover
most U.S. employees, and last fall Hewlett-Packard decreed that a full 5% of
its work force would receive HP's lowest grade, rather than the fuzzy 0 to 5%
of years past.
Proponents of forced rankings argue that they facilitate budgeting and guard
against spineless managers who are too afraid to jettison poor performers.
"Managers want to live in a Lake Wobegon, where all the children are above
average, but that's not the truth," says Dick Grote, an HR consultant who has
designed ranking systems for GE and Texas Instruments. Forced rankings, the
thinking goes, force managers to be honest with workers about how they're
doing.
But critics say they compel managers to penalize a good but not great
employee who's part of a superstar team. Conversely, a mediocre employee on a
struggling unit can come out looking great. "In many cases, the lowest
performer might not be that much lower than the highest," says Paul Spector,
a professor of industrial psychology at the University of South Florida.
Most companies guard against this problem by refraining from rigidly applying
the distribution to smaller teams--but that means the spread has to be made
up somewhere else. The result: Different managers spend hours haggling with
one another to meet the overall distribution requirements. This horse-trading
process can be frustrating and time-consuming, one Microsoft middle manager
says. While Bill Zolna, a Microsoft spokesperson, denies that the company
requires managers to assign a certain percentage of employees to each level,
the middle manager says that there is unspoken pressure to do so.
Another area of contention is the ranking criteria. In a manufacturing-based
economy, it was easy to figure out who was up to snuff: Just see whether Joe
is pumping out (or selling) more widgets than Bob. But today organizations
use a slew of fuzzy qualitative criteria to evaluate employees. And while
there's no doubt that teamwork and communication skills are vital, they are
tough to gauge. After all, one manager's team player is another's sycophant.
Enron's ranking criteria are "very subjective," admits Mark Palmer, a company
spokesman, adding, "There aren't easy labels for what type of person someone
is."
There's also the danger that forced rankings can become a crutch for poor
management. "Good managers should have the capability to make these difficult
decisions without a system forcing it upon them," argues Chris Michalak, who
designs such systems at Towers Perrin.
Of course, one reason employees are up in arms about forced rankings is that
they suspect--often correctly--that the rankings are a way for companies to
more easily rationalize firings. In his latest message to GE shareholders,
CEO Jack Welch said, "Not removing that bottom 10%...is not only a management
failure but false kindness as well." This year Sun Microsystems will use a
forced-ranking system to identify its worst-performing 10%, who will be given
90 days to shape up, find another job inside Sun, or ship out.
So is Sanaa Taraman's situation an anomaly or a taste of things to come? The
latter, according to New York City employment lawyer Lorraine Ahlers-Mack.
"There's going to be a lot of litigation surrounding this issue," she warns.
Managers had better get ready.
FEEDBACK: onthejob@fortunemail.com
[BOX]
PLUS: FAT CEO PENSIONS | NEW OUTSOURCING DANGERS | INTELLECTUAL CAPITAL
REVISITED [BOX] Making the Grade ENRON Divides employees into six categories:
superior (5% of employees), excellent (30%), strong (30%), satisfactory
(20%), needs improvement, and issues (combined, 15%). FORD Last year gave 10%
of employees A's, 80% B's, and 10% C's (the lowest grade); will give only 5%
C's this year. GENERAL ELECTRIC Divides employees into top (20%), middle
(80%), and bottom (10%) categories. HEWLETT-PACKARD Uses a 1-to-5 scale, with
15% of employees getting 5's (the top grade) and 5% getting 1's; the
percentage of 2's, 3's, and 4's varies. MICROSOFT Ranks employees from 1 to
5; most fall between 2.5 and 4.5.

COLOR PHOTO: PHOTOGRAPH BY JOE VAUGHN Sanaa Taraman recently charged Ford
with discriminatory grading.
Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

UAE: Enron to pull out of Dolphin project

05/18/2001
Middle East Economic Digest
Copyright (C) 2001 Middle East Economic Digest; Source: World Reporter (TM)

The US' Enron Corporation is to relinquish its stake in Dolphin Energy (DEL),
the joint venture company formed to develop the Dolphin gas project. DEL is a
Jersey-registered company, 51 per cent owned by the Abu Dhabi-based UAE
Offsets Group (UOG). The remaining 49 per cent is split equally between
France's TotalFinaElf and Enron.
In March 2000, the three partners signed a project development agreement
(PDA), which stated that TotalFinaElf would be responsible for the upstream
element, which would involve developing a block in Qatar's North field, and
Enron would be the midstream partner, responsible for building a gas pipeline
to Abu Dhabi, Dubai and Oman, gas marketing and project management (MEED
10:3:00).
Industry sources say that Enron's plan to give up its stake in DEL is part of
a new business model developed by the company. The sources suggest that there
is another factor affecting Enron's decision to pull out of DEL. "The profit
margin for Enron would be low. At present, the Dolphin project is being
developed primarily as an upstream initiative," says one.
The fate of Enron's stake in DEL remains unclear. UOG has not been
forthcoming with explanations, but an official statement is expected by the
end of May. Some sources suggest UOG will take over the stake of Enron in
DEL, but the possibility remains that another company might be invited into
the joint venture. "There is talk of new partners," says a TotalFinaElf
official. "But whatever happens, we are staying." Enron officials declined to
comment.

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

Bush Energy Text
By The Associated Press

05/17/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

Text of President Bush's speech unveiling his energy policy in St. Paul,
Minn. on Thursday, as transcribed by eMediaMillWorks, Inc.
BUSH: Thank you for that warm welcome. First, I want to thank my friend Norm
Coleman. What a great leader he is for St. Paul.
He's a very good friend. I think it's very important for you all to know that
when Norm calls over there to Washington, I'll answer the phone.
Traveling with me today are two of my Cabinet officers. First, from the state
of Michigan, the Energy Secretary Spence Abraham.
And the EPA Administrator Christie Todd Whitman.
I appreciate John's invitation to be here and I want to thank the Capital
City Partnership for giving me the chance to come and deliver a major policy
address to the nation.
I'm also pleased to be in the home of the mighty Minnesota Twins.
Their cost per win is astounding.
It serves as a good example of what frugality can do for the nation.
But I'm not here to talk about baseball. The Twin Cities are a great place to
discuss America's energy challenge. Minneapolis-St. Paul grew up as a mighty
milling and transportation center because of the power of the Mississippi
River. Your history was built on energy that was abundant and affordable and
reliable. So too will be this nation's energy future.
I invite you to think with me about that future. I had an early look at the
future this morning right here in St. Paul. I toured a plant that harnesses
the best of new technology to produce energy that is cleaner and more
efficient and more affordable.
The plant boils enough water to heat 146 major office buildings in downtown
St. Paul. Not a bit of energy is wasted, not even the waste. The excess heat
generated as the water boils is captured and used to create steam, which
generates still more electricity to power pumps and to deliver heat.
The plant is a model of energy efficiency. It is also a model of energy
diversity. It uses conventional fuels like oil and natural gas and coal, and
renewable fuels like wood chips. And the plant is a model of affordability.
While other energy prices rise, District Energy has not raised its heating
and cooling rates in four years.
We're beginning to see the power of the future, not only in office buildings,
but also in our homes and our cars.
This spring the Sustainable Buildings Industry Council showcased a solar
powered home so advanced that it actually produces more energy than it uses.
And some Americans are already driving hybrid cars that can convert to
battery power to reduce emissions and get up to 70 miles a gallon of gas.
These are our early glimpses of a future in which Americans will meet our
energy needs in ways that are efficient, clean, convenient and affordable.
The future is achievable if we make the right choices now. But if we fail to
act, this great country could face a darker future, a future that is
unfortunately being previewed in rising prices at the gas pump and rolling
blackouts in the great state of California. These events are challenging what
had become a fact of life in America: The routine, everyday expectation that
when you flick on a light switch, the light will come on. Californians are
learning, regrettably, that sometimes when you flick on the light switch, the
light does not come on at any price.
I'm deeply concerned about the impact of blackouts on the daily lives of the
good people of the state of California, and my administration is committed to
helping California.
We're helping right now by expediting permits for new power production and by
working as good partners to reduce our electricity at federal facilities,
especially during the peak periods this summer.
My administration has developed a sound national plan to help meet our energy
needs this year and every year. If we fail to act on this plan, energy prices
will continue to rise.
For two decades, the share of the average family budget spent on energy
steadily declined. But since 1998, it has skyrocketed by 25 percent, and
that's a hardship for every American family.
If we fail to act, Americans will face more and more widespread blackouts. If
we fail to act, our country will become more reliant on foreign crude oil,
putting our national energy security into the hands of foreign nations, some
of whom who do not share our interests.
And if we fail to act, our environment will suffer, as government officials
struggle to prevent blackouts in the only way possible, by calling on more
polluting emergency backup generators and by running less-efficient old power
plants too long and too hard. America cannot allow that to be our future, and
we will not.
To protect the environment, to meet our growing energy needs, to improve our
quality of life, America needs an energy plan that faces up to our energy
challenges and meets them.
Vice President Cheney and many members of my Cabinet spent months analyzing
our problems and seeking solutions. The result is a comprehensive series of
more than 100 recommendations that light the way to a brighter future through
energy that is abundant and reliable, cleaner and more affordable.
The plan addresses all three key aspects of the energy equation: demand,
supply and the means to match them.
MORE
First, it reduces demand by promoting innovation and technology to make us
the world leader in efficiency and conservation.
Second, it expands and diversifies America's supply of all sources of energy
- oil and gas, clean coal, solar, wind, biomass, hydropower and other
renewables, as well as safe and clean nuclear power.
Third and finally, the report outlines the ways to bring producers and
consumers together by modernizing the networks of pipes and wires that link
the power plant to the outlet on the wall.
Our new energy plan begins with a 21st century focus on conservation. The
American entrepreneurial system constantly invents ways to do more with less.
We pack more and more computing power on to a chip. We carry more and more
messages over a cable and we squeeze more and more power out of a barrel of
oil or a cubic foot of natural gas. A new refrigerator you buy today, for
example, uses 65 percent less electricity than one that was made 30 years
ago. Overall, we use 40 percent less energy to produce new goods and services
than we did in 1973. But this steady improvement slowed in the 1990s.
Our energy plan will speed up progress on conservation where it has slowed
and restart it where it has failed.
It will underwrite research and development into energy-saving technology. It
will require manufacturers to build more energy-efficient appliances. We will
review and remove the obstacles that prevent business from investing in
energy-efficient technologies like the combined heat and power system I
toured this morning.
Conservation does not mean doing without. Thanks to new technology, it can
mean doing better and smarter and cheaper.
Innovation helps us all make better choices. Smart electric meters can tell
homeowners how they're using power and how they might reduce their monthly
electric bill. Sensors can turn off lights when people leave a room. And
innovation is bringing us transmission wires that waste less of the
electricity they carry from plant to home or to office.
Conservation on a wide scale takes more than good ideas. It takes capital
investment. Outdated buildings and factories have to be upgraded or replaced
to consume less and pollute less.
And here, some well-intentioned regulations have created a catch-22.
Procedures intended to protect the environment have too often blocked
environmental progress by discouraging companies from installing newer and
cleaner equipment.
Wise regulation and American innovation will make this country the world's
leader in energy efficiency and conservation in the 21st century.
Our goal is to use less additional energy to fuel more economic growth, and I
know we can do so. I also know that conservation is the result of millions of
good choices made across our land on a daily basis.
Yet even as we grow more efficient, even as this nation achieves the
objectives in conservation, we will always require some additional energy to
power our expanding economy. We learned that from the California experience.
California has been an impressive conservation leader. It is the second most
energy efficient state in the union, but California has not built a major new
power plant in a decade. And not even the most admirable conservation effort
could keep up with the state's demand for electricity.
So the second part of our energy plan will be to expand and diversify our
nation's energy supplies. Diversity is important, not only for energy
security, but also for national security.
Over-dependence on any one source of energy, especially a foreign source,
leaves us vulnerable to price shocks, supply interruptions and, in the worst
case, blackmail.
America, today, imports 52 percent of all our oil. If we don't take action,
those imports will only grow. As long as cars and trucks run on gasoline, we
will need oil, and we should produce more of it at home.
New technology makes drilling for oil far more productive, as well as
environmentally friendly than it was 30 or 40 years ago.
Here is the result of one study. And I quote, "Improvements over the past 40
years have dramatically reduced industry's footprint on the fragile tundra,
minimized waste produced and protected the land for resident and migratory
wildlife." Those aren't my words. Those are the words of the Department of
Energy study conducted during my predecessor's administration.
Advanced new technologies allow entrepreneurs and risk-takers to find oil and
to extract it in ways that leave nature undisturbed. Where oil is found
underneath sensitive landscapes, rigs can stand miles away from the oil field
and tap a reservoir at an angle.
And Arctic sites like ANWR, we can build roads of ice that literally melt
away when summer comes and the drilling then stops to protect wildlife. ANWR
can produce 600,000 barrels of oil a day for the next 40 years. What
difference does 600,000 barrels a day make? Well, that happens to be exactly
the amount we import from Saddam Hussein's Iraq.
We're not just short of oil, we're short of the refineries that turn oil into
fuel. So while the rest of our economy is functioning at 82 percent of
capacity, our refineries are gasping at 96 percent of capacity.
A single accident, a single shutdown can send prices of gasoline and heating
oil spiraling all over the country. The major reason for dramatic increases
in gasoline prices today is the lack of refining capacity, and my plan gives
the needed flexibility and certainty so refiners will make the investments
necessary to expand supply by increasing capacity.
And America needs to generate more electricity. The Department of Energy
estimates that America will need between 1,300 and 1,900 new power plants
over the next two decades. A high-tech economy is a high electricity
consumption economy. Even the sleekest laptop needs to plug into an
electrical outlet from time-to-time.
More than half of the electricity generated in America today comes from coal.
If we weren't blessed with this natural resource, we would face even greater
shortages and higher prices today. Yet coal presents an environmental
challenge.
So our plan funds research into new clean coal technologies. It calls on
Congress to enact strict new multi-pollutant legislation to reduce emissions
from electric power plants. My administration's energy plan anticipates that
most new electric plants will be fueled by the cleanest of all fossil fuels,
natural gas. Our nation and our hemisphere are rich in natural gas resources,
but our ability to develop gas resources has been hampered by restrictions on
natural gas exploration. Our ability to deliver gas to consumers has been
hindered by opposition to construction of new pipelines that today are more
safe and more efficient.
MORE
I will call on Congress to pass legislation to bring more gas to market while
improving pipeline safety and safeguarding the environment.
America should also expand a clean and unlimited source of energy, nuclear
power. Many Americans may not realize that nuclear power already provides
one-fifth of this nation's electricity, safely and without air pollution. But
the last American nuclear power plant to enter operation was ordered in 1973.
In contrast, France, our friend and ally, gets 80 percent of its electricity
from nuclear power. By renewing and expanding existing nuclear facilities, we
can generate tens of thousands of megawatts of electricity at a reasonable
cost without pumping a gram of greenhouse gas into the atmosphere.
New reactor designs are even safer and more economical than the reactors we
possess today. And my energy plan directs the Department of Energy and the
Environmental Protection Agency to use the best science to move expeditiously
to find a safe and permanent repository for nuclear waste.
Our energy plan also supports the development of new and renewable sources of
energy.
It recommends tax credits to homeowners who invest in solar homes and to
utilities that build wind turbines or harness biomass and other
environmentally friendly forms of power.
It removes impediments to the development of hydroelectricity. It proposes
incentives to buy new cars that run on alternative fuels like ethanol that
consume less oil and, therefore, pollute less.
It supports research into fuel cells, a technology of tomorrow that can power
a car with hydrogen, the most common element in the universe, and emit only
steam as a waste product.
In all of these ways, we will expand the diversity or our energy supply. But
as with conservation, new energy supply alone is not the whole answer. There
is a third element we must address: modernizing the network that delivers the
supply to the point of demand.
In 1919, a young U.S. Army officer was ordered to lead a truck convoy
westward across our country. He was astonished to discover that the journey
took 62 days. His name was Dwight David Eisenhower. And the memory of this
bumpy, transcontinental ride led to the creation of a modern transportation
system.
Today, our electrical system is almost as bumpy as our highways were 80 years
ago. We have chopped our country into dozens of local electricity markets,
which are haphazardly connected to one another.
For example, a weak link in California's electrical grid makes it difficult
to transfer power from the southern part of the state to the north, where the
blackouts have been worse.
Highways connect Miami with Seattle, phone lines link Los Angeles and New
York, it is time to manage our interstate highway and phone systems with an
interstate electrical grid.
And here, too, technology will make a big difference. Electricity markets
used to be localized because wires could not carry electrical current over
long distances. More and better wires can efficiently ship power across the
country, reducing the threat of local blackouts or outages. And it's just not
our electricity delivery system that has fallen behind.
The energy report projects that natural gas consumption will rise rapidly as
electric utilities make greater and greater use of this environmentally
friendly fuel. We will need newer, cleaner and safer pipes to move these
larger quantities of natural gas - up to 38,000 new miles of pipe and 263,000
miles of distribution lines.
We'll also need to recognize the energy potential of our neighbors, Canada
and Mexico, and make it easier for buyers and sellers of energy to do
business across our national borders.
And finally, we must work to build a new harmony between our energy needs and
our environmental concerns.
Too often Americans are asked to take sides between energy production and
environmental protection, as if people who revere the Alaska wilderness do
not also care about America's energy future; as if the people who produce
America's energy do not care about the planet their children will inherit.
The truth is, energy production and environmental protection are not
competing priorities.
They're dual aspects of a single purpose: to live well and wisely upon the
earth. Just as we need a new tone in Washington, we also need a new tone in
discussing energy and the environment; one that is less suspicious, less
punitive, less rancorous. We've yelled at each other enough. Now it's time to
listen to each other and to act.
And it's time to act.
The energy plan I lay out for the nation harnesses the power of modern
markets and the potential of new technology.
It looks at today's energy problem and sees tomorrow's energy opportunity.
It addresses today's energy shortages and shows the way to tomorrow's energy
abundance.
I have great faith in our country's ability to solve the energy problem, and
our energy plan shows the way. But most of all, I have great faith in the
American people, our land's ingenuity, our innovation. Our entrepreneurial
spirits is this country's greatest of all resources. And thank God, they are
never in short supply.
God bless.
END

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

Williams Capital Group's Ellinghaus on Energy Policy: Comment
2001-05-17 12:30 (New York)

     New York, May 17 (Bloomberg) -- Chris Ellinghaus, energy
analyst for New York-based investment bank Williams Capital Group
LP, comments on the U.S. energy task force report. President
George W. Bush released the report today in Minnesota.

     ``The Bush plan includes a courageous, pragmatic and long-
term strategic policy that prepares for a sufficient future energy
supply. Many investors believe that the energy commodity markets
will quickly correct to over-capacity over the next one or two
years. (However) we firmly believe that sufficient energy supplies
will be constrained without new energy policy.''

     ``The Bush plan avoids the politically popular but short-
sighted temptation of curtailing demand and capping prices.''

     ``Price controls of the early 1970s contributed to
stagflation in the late 1970s and early 1980s that we would not
care to see repeated.''

Affect on energy stocks:

     ``We expect the debate over energy policy to be heated and
controversial.''

     ``The plan overestimates the political will of the country to
embrace new coal and nuclear power generation but does envision
the need for greater fuel diversity. Yet, the Bush plan relies
heavily on natural gas for as much as 90 percent of new electric
generating capacity. In addition, without a sound policy for
nuclear spent fuel shortage, we doubt significant new nuclear
construction is likely over the near term.''

     ``As the debate unfolds over the next several months, we
believe the stocks of the energy sector participants could be
jostled periodically with condemning rhetoric. However, we expect
extremely strong realized earnings over the course of the summer
and growing expectations for next year to provide momentum for
power generators, utilities and wholesale energy marketers. We
encourage investors to be patient with these stocks.''

Enron's Maurer on Brazil's Power Regulation Problems: Comment
2001-05-17 15:39 (New York)

     Sao Paulo, May 17 (Bloomberg) -- Luiz Maurer, regulations
superintendent for Enron America do Sul Ltda., comments on
regulation problems in Brazil that have prevented companies from
investing in power generation. Maurer is also vice president of
the Brazilian association of electricity trading companies, known
as Abracel.

On price controls:
    ``There are many barriers in the contracts that must be signed
between the generators and distributors. In the contracts to
purchase natural gas, it still hasn't been determined who will pay
for the foreign exchange losses. The distribution companies do not
have the assurance that they will be allowed to transfer to their
customers all the costs'' beyond their control.

     The ceiling rate for distributors to buy energy from
generators ``has been increased twice but it still does not cover
some types of costs such as changes in the electricity
transmission costs. There is a proposal in which the ceiling rate
would be defined by the market'' and not by the power regulator.

On Petrobras taking over currency costs for distributors:
     ``We will be creating an anti-competitive situation. Another
natural gas distributor will be in disadvantage against Petrobras.
It would not be a measure that would foster competition in the
next four years. The best measure is to let the consumer pay for
the foreign exchange losses.''

     Abracel and other industry associations ``have proposed the
creation of a tracking account that would accumulate the losses
and gains with the currency plus the financial cost over time so
that this would be transferred to the final consumer in the next
annual rate adjustment.''

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

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

     (Adds closing share price.)

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

Venezuela to Award 11 Gas Tracts June 28-29, First Since 1975
2001-05-17 13:36 (New York)

     Caracas, May 17 (Bloomberg) -- Venezuela said it will award
11 potentially rich natural gas tracts in a June 28-29 auction
expected to clear the way for over $1 billion in investments.
     Thirty-four companies, the majority foreign, qualified to
participate in the auction, the first since the country's natural
gas industry was nationalized in 1975-1976.
     The auction is expected to generate between 8,000 and 10,000
jobs, said an Energy and Mines Ministry spokeswoman.
     Venezuela, with about 147 trillion cubic feet in reserves, is
counting on private companies to spur development. Venezuela is
preparing distribution and transmission projects, which would also
tap private investment.
     Among the expected bidders are Enron Corp. and Perez Companc
SA.

USA: U.S. green groups pummel Bush energy plan.
By Patrick Connole

05/17/2001
Reuters English News Service
(C) Reuters Limited 2001.

WASHINGTON, May 17 (Reuters) - Environmentalists expressed deep
dissatisfaction with the energy crisis plan which President George W. Bush
unveiled on Thursday, calling it wrongheaded and dangerous to forever seek
increasing supplies of oil, coal, natural gas and nuclear power.
Activists from the full spectrum of America's environmental lobby took issue
with at least some of the expansive $10 billion plan.
Many claimed the plan would harm public health by dirtying the air or
destroying designated wilderness areas in the west or in Alaska. The
long-term measures would be costly and offer no short-term relief to
consumers facing power shortages and record-high gasoline prices this summer,
green groups said.
"The president's plan won't produce affordable energy for Americans now, or
ten years from now," said Philip Clapp, president of the National
Environmental Trust.
"What the president's plan will do is drive up air pollution in our cities
and turn the last 5 percent of our public lands that we've protected for
future generations over to the oil and coal companies."
GREENPEACE DUMPS COAL
Coal was the theme of protests by members of the Sierra Club and Greenpeace,
who used the fuel as props to disparage the White House plan to use vast
domestic supplies of coal.
Greenpeace activists dumped five tons of coal and five fake drums of oil and
nuclear waste outside Vice President Dick Cheney's residence on Thursday.
Cheney, the former top executive of oilfield services giant Halliburton Co ,
headed the task force which wrote the energy plan.
The drums were labeled with the logos of Exxon/Mobil, Chevron, Texaco, BP and
Enron.
Sierra Club protesters trailed Bush as he swung through Minnesota and Iowa,
holding news conferences at coal-fired power plants to offset what they
termed misleading appearances by Bush at environmentally friendly facilities
used to promote the White House recommendations.
"It would be more honest for President Bush to stand in front of the dirty
and dangerous coal and nuclear plants that his plan promotes," said Carl
Pope, executive director of the Sierra Club, which claims some 650,000
members.
Environmentalists portrayed the crisis report as the work of the energy
industry, which has close ties to the Bush administration, and out of touch
with the pro-conservation, pro-efficiency sentiments in the nation.
"If they are so enamored with dirty power, they can have it, because the
American people don't want it." said Andrea Durbin, Greenpeace Campaigns
Director.
WILDERNESS AREAS THREATENED
Other green groups criticized the White House energy plan for proposing a
review of federal lands that ban oil and gas development.
The vast majority of federal lands in the west are already open to oil and
gas drilling, leaving mostly designated federal wilderness areas and national
monuments off limits to development, according to Susan Daggett, an attorney
with Earthjustice Legal Fund in Denver.
"These areas have been protected for a reason, and typically they have very
little in the way of recoverable oil and gas reserves," Daggett said.
The National Audubon Society said the search for energy in "wild" lands would
mean small amounts of new production at the cost of wrecking what were once
unmolested places.
"The energy policy encourages the blowing off of mountaintops in West
Virginia, destroying endangered cerulean warbler habitat for a small amount
of coal," said John Flicker, president of the Audubon group.
Although the White House plan backs drilling in the Arctic National Wildlife
Refuge, that provision lacks Senate support to go forward, according to
congressional sources.
NO CLIMATE CHANGE HELP
One gaping hole in the Bush plan, according to global warming experts, is the
lack of new initiative to help solve the problem of carbon dioxide emissions,
which many scientists blame for worsening climate change.
"It costs less to include carbon dioxide as part of a comprehensive system of
pollution reductions now, rather than putting it off into the future," said
John Stanton, vice president of the National Environmental Trust.
Bush has rejected U.S. participation in international talks to finalize the
Kyoto Protocol. The treaty sets targets for industrialized nations to cut, on
average, by 5.2 percent the amount of carbon emitted under 1990 levels by
2010.
The new White House plan instead seeks legislation to cut other pollutants
like nitrogen oxide, sulfur and mercury.
Cheney has said if people are worried about carbon emissions, they should
back nuclear power generation. Green groups scoffed at the idea of nuclear
power as an environmentally friendly fuel, citing the hazardous waste from
plants and public fears of a major "Chernobyl" style disaster.

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

INDIA: Enron India unit lenders put off cancellation vote to Friday.

05/17/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, May 17 (Reuters) - Local and foreign lenders to Enron Corp's troubled
Dabhol Power Company (DPC) squabbled on Thursday, forcing the postponement of
a vote that would decide whether DPC will pull the plug on a controversial
deal to sell power to an Indian state, a source close to the deal said.
Indian lenders, led by State Bank of India, , the country's largest
commercial bank, opposed allowing DPC to terminate its contract as it would
affect their finances, the source added.
Foreign banks, whose exposure comprises only 30 percent of the project's
total debt of around $2 billion, wanted to give DPC the go-ahead to cancel
the contract.
The lenders, who discussed the issue in a conference call on Thursday
evening, have now decided to vote on the issue on Friday, the source added.
The lenders' dispute once again highlights the controversy surrounding the
$2.9 billion, 2,184 MW power project that was promoted in 1991 to bring
electricity to one of India's most backward regions.
The project's first phase of 740 MW was completed in May 1999 while the
second phase of 1,444 MW is slated to begin generation next month.
Dabhol, which is 65 percent owned by Houston-based Enron, signed a contract
with Maharashtra State Electricity Board (MSEB) to sell all the power
produced.
But MSEB reneged on the contract by refusing to buy power from the second
phase citing high costs. It has also not paid Dabhol $48 million for
electricity purchased in the past months.
Last month, Dabhol issued a notice of arbitration to MSEB and also got its
board approval for issuing a notice to terminate the contract.
Such a move, analysts say, would hit India hard and affect foreign investment
flows into the country's power sector.
($1=46.93 Indian rupees).

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

UK: Global Coal website starts e-trading coal.

05/17/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, May 17 (Reuters) - London-based internet coal trading platform Global
Coal, set up by some of the world's biggest mining groups and commodity
trader Glencore, said on Thursday it was pleased with its first two days of
live trading.
"On our first day (Wednesday) 60,000 tonnes of coal traded representing $2.26
million and already today (Thursday) 120,000 tonnes has traded," Global
Coal's head of marketing John Loewen told Reuters.
"We are pleased with the way it is going."
Among Global Coal's main backers are miners Rio Tinto Plc/Ltd , Anglo
Amercian Plc and Billiton Plc , and utilities utilities TXU Europe and Enel .
Loewen said Global Coal's e-platform, wwww.globalcoal.com, was allowing
parties to contract business using the Standard Coal Trading Agreement
(Scota).
"There is a real need to have a standard contract, since coal is not
homogeneous", Loewen said.
Loewen said there was vast potential for business as coal trading liquidity
improves.
"We have already seen the success of Enron, although EnronOnline differs
substantially from Global Coal in that it (Enron) is the counter-party".
Loewen said he did not want to put a number on future transaction levels.
"Lets just say we would like to see millions of tonnes trading".
Global Coal acts as a platform for buyers and sellers to conduct trade and
the company takes a commission on each deal.
While coal may no longer enjoy the dominance it had 100 years ago in the west
during the "King Coal" era, it still accounts for over a quarter of world
energy use and generates over a third, 38.4 percent of global electricity,
according to the International Energy Agency.
Spot coal trading has become increasingly popular in Europe over the last 18
months or so as the European electricity market liberalises and utilities
seek out the cheapest fuel in a competitive market.

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

CHINA: India tells Enron to renegotiate Dabhol contract.

05/17/2001
Reuters English News Service
(C) Reuters Limited 2001.

HONG KONG, May 17 (Reuters) - India has told U.S. energy company Enron Corp
that it should renegotiate its contentious power purchase agreement with the
Maharashtra state government, Finance Minister Yashwant Sinha said on
Thursday.
"We have suggested to Enron that they should seriously renegotiate the power
purchase agreement with the government of Maharashtra, because there are
certain elements in that power purchase agreement which can undergo a
change," Sinha said at a business luncheon in Hong Kong on Thursday.
Enron and India have been sparring for six months over payment defaults by
the Maharashtra State Electricity Board (MSEB) for power purchased from Enron
's Indian unit, Dabhol Power Company (DPC).
A Dabhol spokesman on Thursday declined to comment on Sinha's statement. He
reiterated the company's previously stated position that it is ready for a
dialogue to resolve all issues, but a renegotiation of the contract is not on
offer.
DPC has already held a meeting with a Maharashtra government committee and is
slated to meet them again on May 23.
"Since the purpose of the meeting is only to hear out the committee and
understand their thoughts, we will not present any proposal," Dabhol said in
a statement on May 3.
DPC is building the world's largest natural gas fired power plant on India's
western coast. The 740 megawatt (MW) first phase of the facility began
operating in 1999. The plant's generating capacity will triple to 2,184 MW
when phase two is completed next month.
MSEB agreed in 1995 to buy all the power produced by the plant, but now says
the power is too expensive, and is refusing to take the additional
second-phase capacity. Its change of mind has sparked concern over the fate
of the project.
DPC has already issued a notice of arbitration, and last month its board
authorised management to terminate the contract. A vote on Thursday by
lenders to the project is expected to endorse the board's decision, a source
close to the matter told Reuters.
Sinha said he had no comment on the vote. He also declined to reveal the
federal government's opinion of MSEB's refusal to buy the second-phase power.

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

Common Cause Statement On Cheney Energy Panel's Report; Recommendations Seen
As Payback For Big Time Donors

05/17/2001
U.S. Newswire
(Copyright 2001)

WASHINGTON, May 17 /U.S. Newswire/ -- Following is a statement by Common
Cause President Scott Harshbarger on the Cheney Energy Panel's Report:
While energy consumers are subjected to rolling blackouts in California, all
Americans are subjected to a permanent blackout when it comes to the
closed-door activities of the National Energy Policy Development Group headed
by Vice President Cheney. According to press reports, not even Congress has
full knowledge of who is serving on this task force, or a full accounting of
this secretive body's activities.
The task force's modus operandus does not inspire confidence and many of the
task force's recommendations -- like easing environmental protections to
benefit the oil and gas industry -- are what you would expect. Big time
donors get major league payback, non-donors get higher energy bills and a
dirtier environment.
The President and Members of Congress have been very successful at drilling
for political contributions from the energy sector. In the 2000 election
cycle, the oil and gas sector contributed $15.4 million in soft money
contributions to the national political party committees; electric utilities
contributed $10.1 million more. One company alone, Enron, gave more than $1.4
million in the last cycle and recently sponsored a major party fundraiser. It
certainly raises questions about Vice President Cheney's contention that
conservation is "not a basis for a sound, comprehensive energy policy."
And these big donors must have been really pleased by President Bush's
dubious claim that the best way to meet the energy crisis is to cut taxes, so
that Americans will be better able to pay their higher energy bills! The
much-vaunted tax cut is, after all, just a revenue shift to the energy sector
with the taxpayer playing the role of middle-man.
Taxpayers or anyone else who may feel left out of this secretive process may
have another chance, however: Energy Secretary Spencer Abraham will be
holding a private, closed-door briefing on energy policy next Thursday. This
being Washington, all you need is a big check made out to the National
Republican Senatorial Committee to attend.
KEYWORDS:
ENERGY, POLICY, CAMPAIGN REFORM

Contact: Jeff Cronin or Susan Quatrone, 202-736-5770, both of Common Cause

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


Jeff Westover said you want the demand charges split out by pipe.  I attached
September, is this the month you are looking for?


fyi...
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/25/2001
05:04 PM ---------------------------

Sandra Yamane <SYamane@marathon-com.com> on 05/25/2001 01:33:29 PM
To: "'Karen.Denne@enron.com'" <Karen.Denne@enron.com>
cc:

Subject: RE: FW: Los Angeles Chamber of Commerce Speaking Opportunity

Karen: Here is the list of Chamber Board...

LOS ANGELES AREA CHAMBER OF COMMERCE 2001 BOARD OF DIRECTORS

Chairman of the Board
Charles C.K. Woo
Chief Executive Officer
Megatoys

First Vice Chairman
Patty  DeDominic
Chief Executive Officer
PDQ Personnel Services, Inc.

Second Vice Chairman
George David Kieffer
Partner
Manatt, Phelps & Phillips, LLP

Immediate Past Chairman
Dick Poladian
Managing Partner - Pacific Southwest
Arthur Andersen

Sharon L. Allen
Managing Partner
Southern California/Nevada
Deloitte & Touche LLP

Anthony K. Anderson
Area Managing Partner
Ernst & Young LLP

Anthony K. Armada, CHE
Senior Vice President, Area Manager
KFHP & Hospital, Metro Los Angeles

Sherry S. Barrat
President & CEO
Northern Trust Bank of California, N.A.

Robert C. Bonner
Partner
Gibson, Dunn & Crutcher

James W.  Boswell
President
J.G. Boswell Company

Stephen I. Chazen
CEO & Executive Vice President
Corporate Development
Occidental Petroleum Corporation

Gareth C.C. Chang
Chairman & CEO
GC3 & Associates International, LLC

Dunson K. Cheng
Chairman & President
Cathay Bank

Andrew Cherng
Chairman
Panda Management Company

Paul V. Colony
Vice Chairman
Aon Worldwide Resources

R. Thomas Decker
Chairman
Strategic Resources

William H. Fain, Jr.
Managing Partner
Johnson Fain Partners

David Fleming
Chair of the Executive Committee
Los Angeles Economic Development Corporation

Robert Flowers
President
Community & Investment Development
Washington Mutual Bank

Stephen E. Frank
Chairman, President & CEO
Southern California Edison Company

S. David Freeman
General Manager
Department of Water & Power
City of Los Angeles

Ronald R. Gastelum
General Manager
Metropolitan Water District

Jeffrey L. Glassman
Partner
Riordan & McKinzie

Rupert G.L. Grant
Senior Account Executive
1717 Capital Management Company

George L. Graziadio
Chairman of the Board, President & CEO
Imperial Bancorp

Robert V. Graziano
President & COO
Los Angeles Dodgers, Inc.

David Helwig
Senior Vice President, Large Group Services
Blue Cross of California

Don Jue
Vice President - Marketing, System Sales
IBM Americas

Larry A. Keller
Executive Director
Port of Los Angeles

Mark S. Liberman
Vice President - West Region
United Airlines

Margaret J. Liptay
Managing Director
Marsh Risk & Insurance Services

David C. Lizarraga
President & CEO
TELACU Industries

John F. Llewellyn
President & CEO
Forest Lawn Memorial - Parks & Mortuaries

Douglas M. Lopez
President/CEO
Dial Employment Group

Robert J. Lowe
President
Lowe Enterprises

William L. MacDonald
President & CEO
Clark Bardes Consulting/Compensation Resource Group

Thomas L. Mack
Vice President
Bechtel Infrastructure Corporation

Christopher C. Martin
President
AC Martin Partners, Inc.

John C. McKeon
Senior Vice President
Advertising
Los Angeles Times

Thomas V. McKernan, Jr.
President & CEO
Automobile Club of Southern California

James F. McNulty
Chairman & CEO
Parsons Corporation

Leigh Morrison
Vice President - Western Region
Compaq Computer Corporation

Philip M. Neal
Chairman of the Board & CEO
Avery Dennison

Juliet Oehler
Chief Financial Officer
Tom York Enterprises

Joseph Otting
Executive Vice President
Union Bank of California

Jane G. Pisano
Senior Vice President - External Relations
University of Southern California

Alfred A. Plamann
President & CEO
United Western Grocers, Inc.

Alan Puzarne
Senior Vice President & Chief Executive
Southern Region
Blue Shield of California

Norman E. Ross, Jr.
Sr. Vice President - Western Region
Delon Hampton & Associates Chartered

William M. Royer
Managing Director
CITIBANK

Gregory F. Sanford
President & CEO
U.S. Trust Company, N.A

Keitha T. Schofield
Executive Vice President
Farmers Insurance Group

Kathleen Scovern-McKeon
Director of Sales/General Manager
Growth Markets
AT&T

John H. Semcken III
Vice President
Majestic Realty Co.

R.K  Spackman
Manager - Government & Public Affairs
Chevron Products Company

Lee M. Stewart
President
Energy Transportation Services
The Gas Company

Steve Sugerman
Senior Vice President & Partner
Fleishman-Hillard - Los Angeles

Heidi Trost
Vice President, Los Angeles
EDS

Ron F. Wagley, CLU, ChFC
President
Transamerica Occidental
Life Insurance Company

John F. Walker, Jr.
Partner
Latham & Watkins

Paul Watson
Vice Chairman
Wells Fargo Bank

Lora K. Watts
President,  Los Angeles
Pacific Bell

Douglas West
Senior Vice President &
Chief Administrative Officer
Toyota Motor Sales, USA, Inc.

Jon Yasuda
President & COO
KSCI-TV and KIKU-TV

Ex-Officio:

Samuel P. Bell
President
Los Angeles Business Advisors

Oscar Cosby
Chairman of the Board
Los Angeles Junior Chamber of Commerce

David  Simon
President
Los Angeles Sports Council
Los Angeles 2012 B

-----Original Message-----
From: Karen.Denne@enron.com [mailto:Karen.Denne@enron.com]
Sent: Friday, May 25, 2001 11:23 AM
To: Sandra Yamane
Subject: RE: FW: Los Angeles Chamber of Commerce Speaking Opportunity

Also, the board of directors list isn't attached... i'd like to forward to
jeff. thx

Sandra Yamane <SYamane@marathon-com.com> on 05/09/2001 11:03:18 AM

To:   "'Karen.Denne@enron.com'" <Karen.Denne@enron.com>
cc:

Subject:  RE: FW: Los Angeles Chamber of Commerce Speaking Opportunity

Karen:
I need Jeff's bio, and this title so I can forward to the LA Chamber

-----Original Message-----
From: Karen.Denne@enron.com [mailto:Karen.Denne@enron.com]
Sent: Tuesday, May 08, 2001 5:40 PM
To: syamane@marathon-com.com
Subject: Re: FW: Los Angeles Chamber of Commerce Speaking Opportunity

Sandra -- yes, Jeff will participate.  Please let me know what we need to
prepare on this end.  Thanks! kd
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/08/2001
07:30 PM ---------------------------

From: Jeff Dasovich on 05/08/2001 06:05 PM

Sent by:  Jeff Dasovich

To:   Karen Denne/Corp/Enron@ENRON
cc:

Subject:  Re: FW: Los Angeles Chamber of Commerce Speaking Opportunity
      (Document link: Karen Denne)

Be happy to if you think it's useful.  Just let me know what you'd like me
to do.

Best,
Jeff

                    Karen Denne

                                        To:

                    05/07/2001          cc:

                    10:56 PM            Subject:

I think this would be a good opportunity to have an Enron rep -- and I
think you would be perfect.  Are you available June 5?  Let me know so
Marathon can confirm.  THANK YOU!!! kd
---------------------- Forwarded by Karen Denne/Corp/Enron on 05/07/2001
10:55 PM ---------------------------

Sandra Yamane <SYamane@marathon-com.com> on 05/02/2001 12:00:23 PM

To:   "'karen.denne@enron.com'" <karen.denne@enron.com>
cc:   Joan Kradin <JKradin@marathon-com.com>

Subject:  FW: Los Angeles Chamber of Commerce Speaking Opportunity

Karen:

The Los Angeles Chamber of Commerce is hosting a series of meetings on the
power crisis and is interested in having a representative from Enron
participate in a panel discussion with John Stout, Vice President,
California Assets & Commercialization for Reliant Energy, and David Wiggs,
Gen. Mgr, LA Dept. of Water and Power, or Frank Salas from DWP.

The meeting will be held Tuesday, June 5, 2001 from 12:00 noon until 2:00
p.m. at the Chamber's offices located at 350 S. Bixel Street, Los Angeles,
CA

The meeting will be open to LA Chamber Membership.  A list of the Chamber's
board of directors is attached for your information.

Let me know if you are interested in sending a representative.

Thanks.

Sandra

-----Original Message-----
From: Zusman, Anita [mailto:zusman@lachamber.org]
Sent: Monday, April 30, 2001 7:42 PM
To: 'syamane@marathon-com.com'
Cc: Infusino, Melissa
Subject:

Hi Sandra,

Got your voice mail message. Attached below is the roster of our Board of
Directors. I 'm sure Melissa will be in touch with you shortly to discuss
the speaker event. Thanks for your help.

Anita

 <<2001 ROSTER BOARD OF DIRECTORS.Public.doc>>

(See attached file: 2001 ROSTER BOARD OF DIRECTORS.Public.doc)


CELL		713-705-1823
OTHER		504-828-7714

Feel free to contact me any time.  Have a safe holiday.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


I opened it! How cute!! Thank you. Wish I could get a copy and hang it in
front of me for inspiration.

It's gorgeous here again today. Everyone is feeling spring-feverish but we
know that April is the cruelest month. The temp is mild, the sky is bright
blue with a thin veil of clouds here and there--and the ground is piled high
with snow. A New England dichotomy. Even the cats were happy to go out this
morning. There's a definite scent and feeling in the air, which both Molly
and Dancer were noticing. What confuses Molly, I'm sure, is that it can be
sooooo mild but she still has to scale these cold, white mounds of snow cone
material. Only patches of bare ground where I shoveled a path from front door
to driveway.

Hope all is well. Any car possibilities? Mother said the bluebonnets have
already gone by. Can that be true? I didn't think the wildflowers bloomed
until late to early April. Oh well, I won't have time to ride through the
countryside anyway.

See you in a few days. I'll bring maple syrple with me. Anything else? A
bucket of snow?

Love,
Sandy


Frank Qian's interview scheduled for Friday, February 9, 2001 has been
cancelled.  I'm sorry about the inconvience.  If you have any questions
please let me know.

Thanks
Sasha Divelbiss
58714


Sorry the number is 713.853.6737

 -----Original Message-----
From: 	Martin, Karen Y
Sent:	Wednesday, October 24, 2001 11:17 AM
To:	Martin, Karen Y; Allen, Thresa A.; Chang, Fran; Evans, Casey; Grace, Rebecca M.; Murphy, Melissa Ann; Reeves, Kathy; Vinson, Donald Wayne; Postlethwaite, John; White, Stacey W.; Poston, David; Tully, Michael; Bailey, Debra; Stachey, Steve; Law, Samantha; Prelli, Peter
Cc:	Crooks, William; Aldis, Laura; Nommensen, Dave
Subject:	 EnPower QA Status Meeting

Hello All,
Attached is the latest update to the EnPower QA status spreadsheet.  Our meeting is scheduled for today 10/24/01 at 1:30 CST in EB2556 (Due to scheduling conflicts we have been moved to a different conference room temporarily).

Thanks,
Karen Y. Martin
713.345.7810

 << File: Enpower QA Status.xls >>


Below is the breakout.  As you can see, most of Enron exposure is through the ISO.  Let me know if you need anything further.

Wanda

Portland General Electric Company
CALISO
Sales - October through February, 2001	71,308
Purchases/Payments	-8,422
	62,886
CALPX
Sales - October through January, 2001	18,734
Purchases/Payments	-9,663
	9,071

Total Portland General 	71,957

EPMI (CALISO & CALPX)
CALISO	42,575

CALISO - Underscheduling	33,838

CALPX	187

Total EPMI (CALISO & CALPX)	76,600

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Wednesday, November  7, 2001 8:06 AM
To:	Curry, Wanda
Subject:	RE: PG&E - Claim Summary

Wanda --

Can you break out for me the ISO and PX money due?  I need to make sure that our Settlement is consistent with our FERC Refund issues?

Jim

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, November 06, 2001 6:32 PM
To:	Buy, Rick
Cc:	Tribolet, Michael; Dasovich, Jeff; Mellencamp, Lisa; Steffes, James D.
Subject:	PG&E - Claim Summary

Attached is the latest PG&E Claim Summary.  Please call if you have questions.

Wanda Curry

 << File: PG&E - Final Claim Summary.xls >>


Good. Thanks.

Michelle Blaine
01/12/2001 12:13 PM
To: Gail Brownfeld/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: mblaine@enron.com@ENRON_DEVELOPMENT, Richard B Sanders@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Vote@ENRON,
Rob.Walls@Enron.com

Subject: Re: Triple C Power v. Enron Development Corp. (269th Judicial
District Court, Harris County)
PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION

 Gail, we anticipated this.  This is Texas Ohio Power and I'll continue to
handle it.
Thanks.
MB

Gail Brownfeld
01/12/2001 10:47 AM
To: mblaine@enron.com@ENRON_DEVELOPMENT
cc: Richard B Sanders@ECT, Bruce
Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Vote@ENRON,
Rob.Walls@Enron.com

Subject: Triple C Power v. Enron Development Corp. (269th Judicial District
Court, Harris County)
PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION

 This morning I received a copy of the Summons, Petition and Request for
Disclosure filed in the above-referenced case.  I have had a copy put on your
desk. The CT Service of Process Transmittal Form indicates that Enron was
served on January 4.  By my calculations, Enron's answer is due on January
29.
 The petition generally alleges that the plaintiff entered into a contract
with Empressa Electrica de Guatemala, S.A  involving barges in the port of
Puerto Quetzal in Guatemala.  Plaintiff further alleges that Enron assumed
the plaintiff's position in this contract, expanded the project and failed to
pay the pro rata amount allegedly due to plaintiff because of the expansion.
 I think you had been working on a dispute involving Texas Ohio Power's
claims pertaining to the Empressa PPA, the barges in Guatemala and expansions
of that deal.  Is this lawsuit directly related?  If it's not directly
related, is it related enough for us to use the same outside firm we used in
the TOP dispute?  What outside counsel were we using for the Texas Ohio Power
dispute?  Is this something you have time to work on?  If not, let me know
and I'll be happy to handle it.  Thanks.


Particpated in the EPA NFL spill release and discharge data request for the
Midland Region.

A meeting was held with the New Mexico Environment Department, Air Quality
Bureau concerning the NOV for the P-1 C/S.  Transwestern presented letters
from the AQB to Transwestern which apparently had not been reviewed by the
AQB prior to issuance of the NOV.  The AQB requested a delay to re evaluate
the new evidence which had been given to them.  They indicated that they
would be contacting us after they had reviewed this new data and information.


Geoff,

Here is all my data:

Home - 281-894-0468
Cell - 281-382-5215
Worst Case - my husband's pager - 281-264-9294

If you need anything else, please let me know.

Stacey


Call me anytime today.  713/853-5620.  Thanks.  Sara


Start Date: 4/27/01; HourAhead hour: 16;  HourAhead schedule download failed.
Manual intervention required.


broker is right - changed to Allegheny Energy Supply - formerly Merrill Lynch

Evelyn Metoyer@ENRON
04/03/2001 02:55 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 4/3 Checkout con't CORRECTION

---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 04/03/2001
04:57 PM ---------------------------

Evelyn Metoyer
04/03/2001 04:54 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 4/3 Checkout con't

amerex
Mike Swerzbin
deal 569270    569323
Amerex show cp as Merrill Lynch and we show Morgan Stanley

   Kate Symes @ ECT                04/03/2001 04:31 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 4/3 Checkout

BLOOMBERG
569021 - changed to Bloomberg

PREBON
Tom Alonso
checked with broker - Tom Alonso did not do this deal - Jeff Richter did a
similar one but it is with Williams, not Reliant......???

Jeff Richter
closest deal I can see is 569178 - all same terms except it's at NP not SP

AMEREX
Mike Swerzbin
569315 - added Amerex as broker

Evelyn Metoyer@ENRON
04/03/2001 02:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 4/3 Checkout

BLOOMBERG

deal 569021
I think the broker should be Bloomberg instead of APB

PREBON  WEST

Tom Alonso
I am missing the following deal
Enron sells to Reliant 25mw 4/5-4/30 SP-15 at $263

Jeff Richter
I am missing:
Enron sells to WESCO 25 mw 4/5-4/30 SP-15 at $286

AMEREX WEST

Mike Swerzbin
I am missing:
Enron sells EES 50mw May-Dec NP-15 light at $200.


John:
I have asked Mike and Larry to spend half an hour each talking to you about
opportunities on the gas floor.  Please advise if the following schedule is
unacceptable.  I will be leaving today at 2:15.
Larry 4:00-4:30
Mike 4:30-5:00

Thanks,
John


Please give me any feedback that you may have on Frank DeJesus per Sally's
memo below. Thanks for your response.

Sheila Walton
---------------------- Forwarded by Sheila Walton/HOU/ECT on 10/23/2000 02:53
PM ---------------------------

	Enron North America Corp.

	From:  Sally Beck                           10/18/2000 11:00 PM

To: Bob M Hall/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Stacey W White/HOU/ECT@ECT, Mary Solmonson/HOU/ECT@ECT,
James Scribner/Corp/Enron@Enron, Scott Mills/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron
cc: Sheila Walton/HOU/ECT@ECT
Subject: Input for Sheila Walton on HR Personnel

I believe that all of you have met Frank (whose last name I can't remember),
the HR generalist who is currently working with Hector to serve the HR needs
for Energy Operations in ENA.   Frank is working on a contract basis at this
time, and Sheila Walton is seeking feedback on his performance to date in
order to evaluate the duration of his work as a contractor and the
feasibility of bringing him in as an employee.  I have given Sheila my
feedback, but suggested to her that you may have had more contact with Frank
than I have had.  Please take the time to send Sheila an e:mail message or
voice mail to let her know what your experiences have been in working with
Frank.  Your input will be very valuable to Sheila.   Thanks for taking the
time to do this.


Yes, this is the document that Anthony and I talked during my call to him on
Friday.  He indicated that Andrew was preparing a model from from another
such agreement done recently with another Enron entity.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/

	Tom Doukas/ENRON@enronXgate
	05/21/2001 10:21 AM

		 To: Cheryl Nelson/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: FW: Document

Please examine.

Thanks,

Tom

 -----Original Message-----
From:  Ketan Parekh <Ketan.Parekh@morganstanley.com>@ENRON
[mailto:IMCEANOTES-Ketan+20Parekh+20+3CKetan+2EParekh+40morganstanley+2Ecom+3E
+40ENRON@ENRON.com]
Sent: Monday, May 21, 2001 9:48 AM
To: Doukas, Tom
Cc: Joseph Marovich; Anthony Capolongo; H. Andrew Schwed
Subject: Document

Hi Tom,
 I spoke to Andrew Schwed in my documentation area (Anthony has a day
off today) and explained him the situation and he came with the enclosed
document. Can you please get it signed by both parties as soon as
possible and we will move the assets. If you have any questions please
call Andrew at (212) 762-5164.

    Thanks,
     Ketan

==========================================================================

-------- Original Message --------
Subject: (no subject)
Date: Mon, 21 May 2001 09:29:47 -0400
From: "H. Andrew Schwed" <Andrew.Schwed@morganstanley.com>
Reply-To: Andrew.Schwed@morganstanley.com
Organization: Morgan Stanley
To: Ketan Parekh <Ketan.Parekh@morganstanley.com>
 - Enron Assignment.doc


Here is the latest file.    Note that SDGE appaers to have little load over
500kW (Tab: Core & non-core).


Ed  called me on the equipment.  I asked him if he could provide the
computer.  I downloaded some inofrmation on EOL regarding technical questions
which provides some of the requirements for EOL and sent them to him. Let me
know if there is anything else he needs to provide.  I have talked to Julia's
secretary and plane and hotel reservations have been reserved for Julie.


I have an appointment at 1:00 today and should be back to the office between
2 - 2:30.

Thanks,
Stephanie


I don't know what she is even talking about.  Why does MKM have someone
"coordinating" the migration to Windows 2000?  Doesn't the IT dept. do that,
or has MKM taken over the IT dept?  What "issues" could we possibly have????
Even if we had issues (which I most certainly do not, in spite of what
everyone says) how could we possibly get the IT juggernaut to pay attention?
We are all helpless to stop it in spite of our puny efforts to "coordinate"
or "raise issues".    DF

Maria Pavlou
09/05/2000 03:14 PM
To: Kathy Ringblom/ET&S/Enron@ENRON
cc: Drew Fossum/ET&S/Enron@ENRON

Subject: Windows 2000

Are you coordinating for legal on migrating to Windows 2000?  Mary Kay asked
me (at her staff meeting) who was in charge for legal and I had no idea what
she was even talking about.  Do you know anything about this?   If so, can
you pls. coordinate with Naomi regarding possible issues that she has already
identified.  Thanks, Maria


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

Thanks,
Patti x39106


---------------------- Forwarded by Scott Neal/HOU/ECT on 02/06/2001 10:06 AM
---------------------------

"Butch Butcher" <butch@watsonmoving.com> on 02/01/2001 10:52:48 AM
To: <efalldr@aol.com>, <rkgbh@aol.com>, <stehrfamily@aol.com>,
<jbyrd@byrdinterior.com>, <sneal@enron.com>, <letenhave@freewwweb.com>,
<troy_utz@ml.com>, <rhancock@nmhn-law.com>, <joe_a_hays@oxy.com>,
<david_m_benninger@reliantenergy.com>, <Jimmy.Daggett@ST-Systems.com>,
<paul.stehr@stdreg.com>, <marks@stes.com>, <Delozier.S-Don@usa.conoco.com>,
"Butch Butcher" <Butch@watsonmoving.com>
cc:
Subject: February Campout Feb. 16-18, 2001

Ya-te-hey:

Its time to break out the tents and sleeping bags for a campout at Brazos
Bend State Park , Feb. 16-18.

We have reserved three campsites for the weekend, mark your calendars for
this special time together with our young braves and I will follow-up with
details later next week.

In the meantime, if you have questions, call me at: 281. 541.1878 (cell) or
281.497.6612 (home).

Ya-te-hey!
Butch "Big Bear" Butcher


fyi - Tommy is the person who organizes teh Enron tennis team if you are
interested
----- Forwarded by Elizabeth Sager/HOU/ECT on 05/09/2001 03:11 PM -----

	Tommy Garza/ENRON@enronXgate
	04/30/2001 12:30 PM

		 To:
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=25C677E6-5E54A4A-862566A5-7ACA
EA@EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=2D4695B1-3AF61AE1-8625669C-6C0
E24@EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=4ADDE9A4-D8354D16-862567EE-6CA
766@EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=83B00B96-36637B1A-8825688F-5AA
BF4@EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=86256608-65ACBA-625641C-5ED11@
EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=A1585292-E0634B7-882568D5-5F0F
ED@EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=B769B68-62BB796A-862569AC-79A0
A6@EX@enronXgate,
EX@/O=ENRON/OU=NA/CN=RECIPIENTS/CN=NOTESADDR/CN=DD398DB8-A63CC928-8625677F-508
229@EX@enronXgate, Timothy Bayles/ENRON@enronXgate, Adrial
Boals/Corp/Enron@Enron, Paul Burkhart/Enron Communications@Enron
Communications, Teobaldo Camejo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniella
Carneiro/Corp/Enron@ENRON, Edward Jr
Chavez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gabriel Chavez/ENRON@enronXgate,
Solomon Chen/ENRON@enronXgate, Lindon Chiu/ENRON@enronXgate, "Church, Larry"
<lmchurch@netzero.net>@SMTP@enronXgate, James L Copeland/ENRON@enronXgate,
Lisa Costello/ENRON@enronXgate, Patrick Dominguez/ENRON@enronXgate, Kenneth
D'Silva/LON/ECT@ECT, Tommy Garza/ENRON@enronXgate, David
Glessner/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, "Harris, Shawn"
<Shawn.Harris@axiaenergy.com>@SMTP@enronXgate, Tony Harris/Enron
Communications@Enron Communications, Leroy Ho/Enron Communications@Enron
Communications, "Horn, David" <dhorntx@worldnet.att.net>@SMTP@enronXgate,
Michelle Horn/GPGFIN/Enron@ENRON, Brian Hoskins/Enron Communications@Enron
Communications, Angela Hylton/ENRON@enronXgate, Yasir Khan/HOU/EES@EES, Dan
Kirtane/ET&S/Enron@ENRON, Steve Littel/OTS/Enron@ENRON, David
McEllin/ENRON@enronXgate, Hal McKinney/ENRON@enronXgate, Bob
Meckna/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julie Meyers/HOU/ECT@ECT, Ravi
Mujumdar/ENRON@enronXgate, Stan Murrah/HOU/EES@EES, Joseph
Nguyen/HOU/EES@EES, Mary Ogden/HOU/ECT@ECT, "Olson, Daniel"
<daniel_olson@kindermorgan.com>@SMTP@enronXgate, James Pfeffer/HOU/EES@EES,
Jose Ramirez/ENRON@enronXgate, Michael Ratner/ENRON@enronXgate, Faith
Reid/OTS/Enron@Enron, "Rinker, John" <kahuna@financier.com>@SMTP@enronXgate,
Ramona Rodriguez/ENRON@enronXgate, Ace Roman/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Abrar Sait/Enron Communications@Enron Communications,
Angela Sayegh/OTS/Enron@ENRON, Guy Schlein/ENRON@enronXgate, Valter
Stoiani/ENRON@enronXgate, "Terry J Garza (E-mail)"
<TGMJ123@aol.com>@SMTP@enronXgate, Todd Thelen/ENRON@enronXgate, George
Thomas/ENRON@enronXgate, Agatha B Tran/ENRON@enronXgate, David
Veltri/Corp/Enron@ENRON, Brandon
Whittaker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rebecca Xie/ENRON@enronXgate
		 cc:
		 Subject: Results April 28th tournament

To All
Results from Saturday's Tennis Tournament at Memorial Park Tennis Center

A singles
1st James Pfeffer
2nd Tommy Garza
3rd Solomon Chen

B doubles
1st Stan Murrah
2nd Angela Hylton
3rd Daniel Olson

Thanks to everyone who helped and participated

Tommy Garza
ENW
Office: 713-853-6686
tommy.garza@enron.com


i don't care if you delete it.  its of steve gillespie and his wife.

"Veselack, Joni" <joni.veselack@neg.pge.com> on 09/08/2000 11:30:45 AM
To: "'Chris Germany'" <Chris.Germany@enron.com>
cc:
Subject: RE: Photo

Is this a joke... I usually delete this stuff!!!

-----Original Message-----
From: Chris Germany [mailto:Chris.Germany@enron.com]
Sent: Friday, September 08, 2000 9:17 AM
To: joni.veselack@neg.pge.com
Subject: Photo

Baby shower photo from last night.

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/08/2000
08:16 AM
---------------------------

Trogg522@aol.com on 09/07/2000 09:10:37 PM

To:   chris.germany@enron.com
cc:
Subject:  Photo

(Embedded image moved to file: pic25637.pcx)

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


changed to Bloomberg

Kerri Thompson@ENRON
03/22/2001 02:10 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

557552

broker not showing this deal


Sally,

As of this date our assistant tells me that the following pre-PRC meetings
are scheduled:

Brent Price will meet on 6/15
Brenda Herod will meet on 6/13
Sheila Glover stated she will have the meeting ad hoc.
Kristin Albrecht stated that she had it last week
Leslie Reeves is not scheduled as of today

Others that have scheduled for a pre-PRC:

Bob Supurty will meet on 6/15
Mary Solmonson will meet on 6/16
Jeff Sorenson will meet on 6/9
Bryce Baxter will meet on 6/13

Let me know if there is any other information that I can provide.
Hector


Based on the call from Rod Boschee today noting meetings set up with
Southwest, Lou and Larry Campbell will be attending. I believe it would be
helpful for Dave Schafer or a rep from communications to attend, as well.
PG&E appears to be getting ready to divert attention to us. Worthwhile to
read the PG&E media statement at the end of this lotus notes. Mike
---------------------- Forwarded by Michel Nelson/ET&S/Enron on 03/10/2000
09:06 PM ---------------------------

03/10/2000 05:01 PM
Louis Soldano
Louis Soldano
Louis Soldano
03/10/2000 05:01 PM
03/10/2000 05:01 PM
To: Larry Campbell/ET&S/Enron@Enron, Rich Jolly/ET&S/Enron@Enron, David
Roensch/ET&S/Enron@Enron, Earl Chanley/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron
cc: Michel Nelson/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON

Subject: PG&E Standby Statement - PCBs

FYI - it also appears that there is a meeting next tuesday in Vegas with SW
Gas and SoCal.   They will have PG&E media folks ther to discuss possible
public distribuion of some type of notice concerning this matter.

Dave Schafer (VP of HR and Media) is unavailable so I would suggest that
Larry, myself and possibly someone from market - Lorraine??? - also attend.

---------------------- Forwarded by Louis Soldano/ET&S/Enron on 03/10/2000
04:33 PM ---------------------------

03/10/2000 03:54 PM
Louis Soldano
Louis Soldano
Louis Soldano
03/10/2000 03:54 PM
03/10/2000 03:54 PM
To: Michel Nelson/ET&S/Enron@ENRON, Dave Schafer/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, lsoldano@wt.net,
Drew Fossum/ET&S/Enron@ENRON
cc: Bill Cordes/ET&S/Enron@ENRON, Virginia O'Neill/ET&S/Enron@Enron

Subject: PG&E Standby Statement - PCBs

please see the attached.   Comments???  I doubt that PG&E would make any
changes.  I'd still like to make some suggestions.  Dave - it might be
worthwile to speak to your counterpart who appear to be Jon Tremayne.   At
least we have a heads up on thier response.  I'll review our last Q&A and
send the comments to Dave.

---------------------- Forwarded by Louis Soldano/ET&S/Enron on 03/10/2000
03:40 PM ---------------------------

"Anderson, David W (Law)" <DWA3@pge.com> on 03/09/2000 02:46:34 PM
To: "'Louis Soldano'" <Louis_Soldano@enron.com>
cc: "Tremayne, Jon " <JhT4@pge.com>, "Boschee, Rodney" <RAB9@pge.com>

Subject: Standby Statement

Lou --

Attached is the current version of our Standby statement (i.e., statement to
read to media, in the event they "call").

 <<000207s2.doc>>

To date, and through history of our gas quality matters betw. TW and PG&E,
we have had no calls, and therefore, we have NOT externally utilized this
statement.

We (you and I) should chat this PM or tomorrow Friday, re any developments.

Cheers!

Dave, 415-973-6659

(I am cc'ing Rod and Jon Tremayne of our News Dept.)

 - 000207s2.doc


You have received this email because you are listed as an alternate data
approver. Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000012738&Page=
Approval to review and act upon this request.

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Resource Type       : Directory


-----Original Message-----
From: 	"Rodenburg, Eric" <erodenbu@UtiliCorp.com>@ENRON
Sent:	Wednesday, October 24, 2001 8:46 AM
To:	Schoolcraft, Darrell; Spraggins, Gary; Carr, James; Blair, Jean; Wilkens, Jerry; Clapper, Karen; Washington, Kathy; Callans, Nancy; Bryan, Randy; Walden, Shirley
Subject:	SUN1025.xls

 - SUN1025.xls


I believe you got a copy of the John Sommer letter to producers dated Jan 6
that MKM's spies intercepted.  She forwarded the Sommer letter to Stan and
discussed it with him.  Dari and I vented our aggravation by drafting the
attached letter to Gibson and Kyle complaining of Sommer's duplicity, but
after tempers cooled, MKM and I decided not to send it to  Stan or urge him
to send a written response.  As it stands, MKM and I will probably bring it
up with Sommer in OK City and strongly suggest the importance of coordinated
communication to the producers.  Stan may also bring the letter up orally
next time he's on the phonne with Gibson or Kyle as an example of how not to
handle this situation.
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/13/2001
09:52 AM ---------------------------
From: Ann Smith/ENRON@enronXgate on 01/12/2001 02:16 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: letter


please delete me immediately from all your lists.  I don't know how I got on
them, and don't want to receive any more email from any of you.  thank you.
Kathryn Berg    My email is: kapberg@aol.com


---------------------- Forwarded by Holden Salisbury/PDX/ECT on 04/17/2001 10:21 AM ---------------------------

Cara Semperger
04/16/2001 03:12 PM
To:	Holden Salisbury/PDX/ECT@ECT
cc:

Subject:	PV CUT LLH for 04/16

Steve at Pac says he spoke with Jeremy about the cut on Sunday.

---------------------- Forwarded by Cara Semperger/PDX/ECT on 04/16/2001 03:20 PM ---------------------------

Monika Causholli
04/16/2001 04:49 AM
To:	Cara Semperger/PDX/ECT@ECT
cc:	Stacy Runswick/PDX/ECT@ECT
Subject:	PV CUT LLH for 04/16

We had a very strange cut today starting HE 1-6. Tag # 016370L where the gen is EPE- E-CISO-PACE   happened to be a cancelled tag and none of the counterparties including us did not know anything. After spending hours on the phone with CISO and PAC John @ PACE found that this tag had been replaced by tag 16381N   but none knew anything about it. This tag was for 78 MW and it was done by a PACE prescheduler.  We were trying to find a new sink in the meantime so before this new tag was found the following went RT

HE 01 78 MW to APS  (APS took the power)
HE 02 sank with LADWP @ $0. I agreed with John at PACE that we are going to charge PAC for HE 1-2 LDs
Then for HE 3-6  the power was sent to PACE for the original deal price at PV.

John at PACE was going to leave good notes to his prescheduler about this cut. I did not do anything HA to manage the cut (in enpower, Lotus notes ) as JOhn at PACE did not consider this a HA cut but a DA cut that nobody knew about. We left it up to the preschedulers to agree on this cut.

if you have questions ask me,
Monika


Attached is a revised transportation schedule/agenda for the Policy Committee
retreat on Jan. 16-18.  Please contact me if you have any questions.

Thanks,

Vanessa


I presume you've seen this (you probably instigated it, in which case it's
come full circle!)...but just in case.

Regards

Paul
---------------------- Forwarded by Paul Simons/LON/ECT on 15/01/2001 16:24
---------------------------

Denis O'Connell
15/01/2001 11:33
To: Paul Simons/LON/ECT@ECT, Justin Boyd/LON/ECT@ECT, Matthew
Dawson/LON/ECT@ECT, Adam Duguid/LON/ECT@ECT, Michael Slade/LON/ECT@ECT
cc: Mark Evans/Legal/LON/ECT@ECT

Subject: ISDA Electronic Document Available

---------------------- Forwarded by Denis O'Connell/LON/ECT on 15/01/2001
11:36 ---------------------------

"ISDA"<cgreasley@isda.org> on 13/01/2001 03:18:22
Please respond to cgreasley@isda.org
To: denis.o'connell@enron.com
cc:

Subject: ISDA Electronic Document Available

 - cover- non pcs.doc


I have 98% chance of complete cure!!!!!!  They are not going to take any
lymph nodes at this time.  The surgeon said it didn't matter whether it was
over my lymph nodes or not.  My surgery is outpatient on June 19th.  It was a
"Clark's grade 2" out of a possible 5.  They are going to take more out of
the one on my stomach also to make sure there are clean margins.  They took
another mole off my arm but of course don't think it is a worry!


We are concerned about leaks to the press which may have ocurred from our
Washington office over the last few months (including leaks from a former
employee).  Could you put someone in touch with Rick and Linda Robertson
(head of our DC office)?
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/04/2001
03:33 PM ---------------------------

Richard Shapiro
05/02/2001 08:03 AM
To: Steven J Kean/NA/Enron@Enron
cc:

Subject: Security

Should I also talk to Brindell about possible inside leak?  anything else I
need to do relative to security ?


Dear Sara,

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program $166 each month to be automatically deducted from your checking
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sp?topic=2 to start planning your future.

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done it yet, open an account this week.

Best regards,

Jeff Seely
President and CEO

P.S.  You are receiving this email because you have a  Account setup with
us.  You may unsubscribe, update or change your e-mail preferences, by
visiting  http://www.sharebuilder.com/sharebuilder/account/index.asp.

Copyright 1999-2001 ShareBuilder Securities Corporation, a registered
broker-dealer and Member NASD/SIPC, and a subsidiary of Netstock Corporation.
ShareBuilder is a trademark of Netstock Corporation. Patent Pending.  This
email was sent to:  sshackl@enron.com


Attached are the referenced lists.  I got that problem worked out on the 6/22
list and will send that to you shortly.


OK.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/24/2000
05:26 PM ---------------------------

Janet Cones
08/24/2000 12:50 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Susan Scott's Expense Report

For Approval


Brian,

No problem.

Vince

"Brian Corbett Nelson" <nelsonb@ruf.rice.edu> on 04/26/2001 08:15:14 PM
Please respond to <nelsonb@rice.edu>
To:	<Vince.J.Kaminski@enron.com>
cc:
Subject:	RE: Term Project:

Vince, I finally joined a team that only had two members.  It looks like our
paper will only be about 13 to 15 pages.  We were wondering that since our
team is less than half the size of some of the other teams, if you could
possible relax the length requirement?

Thanks,
Brian Nelson

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 3:54 PM
To: nelsonb@rice.edu
Subject: RE: Term Project:

Brian,

The last class + plus a few days (depending on when I have
to submit the grades).

Vince

"Brian Corbett Nelson" <nelsonb@hydrant.ruf.rice.edu> on 04/11/2001
03:35:14 PM

Please respond to <nelsonb@rice.edu>

To:   <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: Term Project:

Mr. Kaminski,

I had an interview last Thusday in Dallas and could not attend class.  Did
you set a project deadline?

Thanks,
Brian Nelson

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 3:22 PM
To: isranir@rice.edu; demianen@rice.edu; tbal93@yahoo.com;
maue@rice.edu; loughrid@rice.edu; jblantonjr@yahoo.com;
gjohnson@rice.edu; emchombo@rice.edu; nazareth@rice.edu;
vanstone@rice.edu; ganguzza@rice.edu; nelsonb@rice.edu;
sssmith@rice.edu; wheelock@rice.edu; westmore@rice.edu;
gaudette@rice.edu; otaylor@rice.edu; dikeman@rice.edu; jettke@rice.edu;
litton@rice.edu; chilkina@rice.edu; helms@rice.edu; wankhade@rice.edu;
monfan@rice.edu; kostya@rice.edu; pcp@rice.edu; yueguo@rice.edu;
nlwbio@rice.edu; zhangn@rice.edu; rishad@rice.edu; yoshiura@rice.edu;
howard@rice.edu; dayangd@rice.edu; wuwei@rice.edu; so@rice.edu;
wooddy@rice.edu; lamas@rice.edu; tbalestrery@houston.rr.com;
hingoran@rice.edu; planck@rice.edu
Cc: vkaminski@aol.com; Vince.J.Kaminski@enron.com;
Jason.Sokolov@enron.com
Subject: Term Project:

This is the list of projects for the members of the "quant" team.
If you are working on different project, please, ignore this message.

Please, develop in a spreadsheet solutions/examples for the following:

1. Black-Scholes formula
2. Black's formula
3. Develop a spreadsheet to simulate price trajectory using:
     a. GBM
     b. GBM + jump (Formula 2.16 in the book, Figure 2.7)
     c. Mean reversion + jump (Formula 2.17, Figure 2.8)
4. Schwartz Single Factor Model (Formula 6.12)
5. Develop models corresponding to the Figures 7.1, 7.3, 7.5, 7.6, 7.8

Vince


I don't think I saw that happen.

Kathleen Carnahan
09/19/2000 04:50 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Someone at the San Antonio Law Conf.

Like down by the swimming pool with Geneva Holland?  He was sooo tanked I had
Carlos go to take him to his room (but some nice female helped him instead).

To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Someone at the San Antonio Law Conf.

On which day?  I don't recall being any worse than anyone else.

Kathleen Carnahan
09/19/2000 04:12 PM
To: Kay Mann/Corp/Enron@Enron
cc: Carlos Sole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Someone at the San Antonio Law Conf.

Kay,

Would you say that Travis McCullough was just a tad tipsy (to the point of
being intoxicated) at the Law Conference?  Carlos does not believe me.

Kathleen


Rosalyn -

Can I get you to forward me an old SAP wire transfer file.  I need the form
to give to someone.

Thanks!


Attached is an edited version of the letter.  The file is entitled "DBSR
Redline of ltr to governor--options llist.doc".  It is not a real redline,
as we use Word Perfect and I do not know how to redline in Word.  Instead,
deletions are struck through, and additions are in bold font.  (The original
also has some bold font, but mostly in the headings; I think the additions
will be readily identified.)

I will be at the meeting but wanted to send this out ahead of time for
review by those who have the chance to review before the meeting.

We may have some subsantive issues in a couple of areas that I would rather
discuss in person; I am working to determine whether they really exist.

Dan Carroll

-----Original Message-----
From: Delaney Hunter [mailto:dhunter@smithandkempton.com]
Sent: Monday, August 21, 2000 3:20 PM
To: Aaron Thomas (E-mail); 'Allan Lippincott'; Ann Cohn (E-mail); 'Ann
Watson'; Anna Ferrera (E-mail); 'Art Carter'; 'assistant for John
Fielder'; Barbara Barkovich (E-mail); 'Becky Kilbourne'; Bill Booth
(E-mail); 'Bill Dombrowski'; Bill Keese (E-mail); Bill Zobel (E-mail);
'Bob Foster'; 'Bob Houston'; Carolyn McIntyre (E-mail); Carolyn
Veal-Hunter (E-mail); Catherine Hackney (E-mail); Charles Bacchi
(E-mail); 'Craig Brown'; Dan Carroll (E-mail); 'Denice Cazalet'; Dennis
Price (E-mail); 'Denny Samuel'; Dorothy Rothrock (E-mail); 'Ed Yates';
Eloy Garcia (E-mail); Evelyn Elsesser (E-mail); Gary Heath (E-mail);
'Gordon McDonald'; 'Jack Flanigan'; Jack Gualco (E-mail); 'Jack
Stewart'; 'James Boyd'; Jan Smutny-Jones (E-mail); Jeff Dasovich
(E-mail); 'Jerry Jordan'; Jim Cassie (E-mail); Jim Groniger (E-mail);
Joe Lyons (E-mail); John Bridges (E-mail); 'John Fielder'; John
Fistolera (E-mail); John Rozsa (E-mail); John White (E-mail); 'Joseph
Alamo'; 'Julia Wright'; Karen Edson (E-mail); Karen Jarrell (E-mail);
Karen Koyano (E-mail); 'Karen Lindh'; Karen Mills (E-mail); 'Kari
Harteloo'; 'Kathy Brandenburg'; Kay Grosulak (E-mail); Keith McCrea
(E-mail); Kevin Lynch (E-mail); Kevin Smith (E-mail); Lawrence Lingbloom
(E-mail); Lenny Goldberg (E-mail); Louis Szablya (E-mail); Marc Joseph
(E-mail); Marwan Masri (E-mail); Mary McDonald (E-mail); Michael
Alcantar (E-mail); Mike Florio (E-mail); 'Mike Kahl'; Mona Petrochko
(E-mail); Nettie Hoge (E-mail); Pete Conaty (E-mail); 'Phil Nails'; Phil
Stohr (E-mail); Ralph Cavanagh (E-mail); Randy Chinn (E-mail); Ray
Thompson (E-mail); 'Rick Counihan'; Robert Berry (E-mail); Robin Larson
(E-mail); Sheryl Carter (E-mail); Steve Pike (E-mail); Stu Wilson
(E-mail); 'Sue Mara'; Susan Reeder (E-mail); Terry Winter (E-mail);
Thomas Dinkel (E-mail); Tim Schmelzer (E-mail); 'Tommy Ross'; 'Tony
Braun'; Victoria Schaefer (E-mail)
Subject: Draft letter to Governor Davis

Based on a reading of various official reports and our discussion last week,
the attached draft letter attempts to capture a consensus on immediate term
strategies for dealing with the overall electrical energy situation. We
relied upon the ISO Action Plan for plans for generation and transmission.
We will look forward to your input at tomorrow's meeting as to whether these
items are on target or not. If for some reason you and/or your organization
can not attend our meeting please call, fax or email us your comments and
suggestions as soon as possible.

Thank you for your attention to this matter.

As a reminder we will be meeting tomorrow at 1:30 at the California
Chamber -- 1215 K Street, 14th Floor.

----------------------------------------------------------------------
CONFIDENTIALITY NOTICE:  This communication and any accompanying document(s)
are confidential and privileged.  They are intended for the sole use of the
addressee.  If you receive this transmission in error, you are advised that
any disclosure, copying, distribution, or the taking of any action in
reliance upon the communication is strictly prohibited.  Moreover, any such
inadvertent disclosure shall not compromise or waive the attorney-client
privilege as to this communication or otherwise.  If you have received this
communication in error, please contact our IS Department at its Internet
address (is@dbsr.com), or by telephone at (916)441-0131. Thank you.

======================================================================

 - DBSR Redline of ltr to governor--options list.doc


Matthew, the week of 9/24 looks very good right now.  I'll hold that week
until I hear back from you.  I'll try to get an answer on the soundbite for
you today.  I'll be back in touch.  SRS

Matthew Scrimshaw@ECT
02/09/2001 03:06 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re: UK CEOs

Sherri - Let me have Jeff's preferred September dates and I'll make sure we
get one of them fixed.

It would be helpful if Jeff could give me a sound bite to headline his
discussion for the group.  One obvious area of interest is how Enron has
transformed itself over the last ten years to the P/E ratio of 50+ we see
today.  Another area of interest would be Enron's perspective of free
markets, regulators and California.  Please let me know Jeff's preference.

Matthew

	Enron Capital & Trade Resources Corp.

	From:  Jeff Skilling @ ENRON                           08/02/2001 23:22

Sent by: Sherri Sera@ENRON
To: Matthew Scrimshaw/LON/ECT@ECT
cc:
Subject: Re: UK CEOs

Matthew, my apologies for the delayed response.  Jeff is definitely
interested in chairing the September 2001 meeting.  Please let me know if
you  have any dates in mind and we'll see how they work on Jeff's schedule.

Regards,
Sherri Sera
713.853.5984

Matthew Scrimshaw@ECT
01/31/2001 02:58 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc: Michael R Brown/LON/ECT@ECT, John Sherriff/LON/ECT@ECT

Subject: UK CEOs

Jeff,

As you may recall from our discussion on your visit to London last summer,
one of the challenges we have in Europe is raising the external profile of
Enron.  To help address this, I recently replaced Ralph in a group of UK CEOs
which meet monthly, so I can continue to raise awareness of Enron's
businesses and generally network.   At each lunch meeting which lasts around
two hours, one of the CEOs makes an informal 20 minute speech on a current
business subject of their choice and then a discussion follows.

The group has asked if you would like to chair the meeting in September 2001
on a date of your choice.  At the end of this note there is a list of the
current membership.  I have been to one meeting and only around a third
attended.

Please let me know if you are able to commit time to this.  There is no
problem if you decline.

Matthew

Sir David Barnes CBE   Deputy Chairman, AstraZeneca
Sir John Browne    Group Chief Executive, BP Amoco
Keith Butler-Wheelhouse  Chief Executive, Smiths Industries
Gordon Campbell   Chief Executive, Badcock International
Sir Colin Chandler   Chairman, Vickers Defence Systems
Bill Dudley    President, EAMS Region, Bechtel Limited
Niall FitzGerald    Chairman, Unilever
Jonathan Fry    Chairman, Elementis
John Gardiner    Chairman, Tesco
Rick Haythornthwaite   Chief Executive, Blue Circle
Ralph Hodge    Chairman, Ralph Hodge Associates
Sir Roger Hurn    Chairman, Marconi
Peter Job    Chief Executive, Reuters Group
Sandy Leitch    Chief Executive, Zurich Financial Services
Francis Mackay    Chairman, Compass Group
James McAdam CBE   Chairman, Signet Group
John McGrath    Chairman, The Boots Company
Gordon Owen CBE   Chariman, Energis Group
Mathew Panikar    Managing Director, Reliance Europe
Sir John Parker    Chairman, Lattice Group
Hamish Richie    Chairman, Marsh Europe
James Ross    Chairman, National Grid
Sir Nigel Rudd    Chairman, Kidde
Ross Sayers    Executive Chairman, Innogy
Takumi Shibata    President and CEO, Nomura International
Dr Rolf Stomberg   Chairman, Proudfoot Consulting
John Sunderland   Group CEO, Cadbury Schweppes
Rana Talwar    Group CEO, Standard Chartered
Ed Wallis    Chairman, PowerGen
Sir Peter Walters   Chairman, SmithKline Beecham
Phil Watts    Chairman Designate, Royal Dutch Shell
John Weston CBE   Chief Executive, BAE Systems


Hi Rebecca -

In fact, the Consul General of Ghana, Jack Webb, has called Ken asking him to
meet with the Ambassador to Ghana March 10 or 11 when he will be in Houston.
I had put a message on Ken's messages last evening asking if you could handle
this if you are available, so hopefully he will say yes - especially after he
sees your message.

Rosie

Rebecca McDonald@ENRON_DEVELOPMENT
02/29/2000 11:51 AM
To: Kenneth Lay@ENRON
cc:
Subject: Ghana

Ken.

I wanted to get back with regarding your question of Ghana.  You might
remember that Ralph Hodge had indicated to you that you may well be hearing
from the Ghanaian Ambassador.  Ralph believes that he will try to facilitate
a meeting between you and Chevron.

We have been working Ghana pretty hard, including the West African Gas
Pipeline, the Effasu Power Project, a marketing company and a host of other
possibilities.  We have told the Ghanaians that with what is going on right
now in Nigeria, the loss of projects in Cote d'Ivoire due to the coup d'etat,
and the lack of speed in moving forward in Ghana , that we are slowing down a
bit to determine if we can resolve current projects before taking on
additional ones.

Clearly this is a bit of a "cop out".  I am reluctant to tell Ghana that we
are slowing down generally in Africa because I don't want to hurt the barge
deal or jepordize the possible resolution of the large snowball in Mozambique
and there is truth to the Cote d'Ivoire and Nigeria issues.  And, of course,
I don't want to alienate Ghana generally.  I have a good relationship with
the Ambassador from Ghana, in fact, I just got a postcard from him two days
ago, and when he returns to the US he has indicated that he will call me.  I
will deliver this message, hopefully diverting the call to you.  If he does
get to you first, he won't be upset for you to send him on to me, I don't
believe.

If there is any clarification, please give me a holler.  I hope the office
opening has gone well.  I've extracted many a promise from participants to
drink a pint for me.

Regards
Rebecca


Looks good to me.  Mark