---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 04:56
PM ---------------------------

	From:  Christi L Nicolay @ ECT                           11/10/2000 03:15 PM

To: Richard Shapiro/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Jeff Brown/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
Ben Jacoby/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Debbie
Chance/Corp/Enron@Enron, Patrick Hanse/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Edward D Baughman/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Bill
Moore/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Charles Yeung/HOU/ECT@ECT,
Shelley Corman/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Kerry Stroup/DUB/EES@EES, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, David L
Fairley/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Steve
Krimsky/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Fred Mitro/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Reagan
Rorschach/NA/Enron@Enron, John Berger/HOU/EES@EES, Alan Larsen/PDX/ECT@ECT,
Rusty Stevens/Corp/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Mathew
Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT,
Susan M Landwehr/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Joe Connor/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron,
Robin Kittel/NA/Enron@Enron, Karen E Carter/NA/Enron@Enron, Chris
Booth/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, ray.hoppe@enron.com, george.mccormick@enron.com,
wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com,
bill.rust@enron.com, Kevin M Presto/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT,
George Hopley/HOU/ECT@ect, Fletcher J Sturm/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Mike
Carson/Corp/Enron@Enron, Kyle Schultz/HOU/ECT@ECT, Eric
Saibi/Corp/Enron@ENRON, Grace Kim/NA/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron

Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power Systems

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


no problem!

kate

Stephanie Piwetz   12/19/2000 02:32 PM

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

Subject: Re: deal 482760.01

thanks

   Kate Symes                12/19/2000 04:23 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: deal 482760.01

Bloomberg was mistaken on this one. They'll be sending out a new confirm soon.

Thanks,
Kate

Stephanie Piwetz   12/19/2000 02:19 PM

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

Subject: deal 482760.01

Kate,
trade of Tom Alonso
we have term in system as 12/21/00-12/31/00 mon-sat
Bloomberg shows 12/26/00-12/30-00  mon-sat

please check and let me know
Stephanie


---------------------- Forwarded by Cecilia Olvera/HOU/ECT on 02/09/2000
01:46 PM ---------------------------

	Angela Henn
	02/09/2000 01:45 PM

To: Leslie.Bolton2@Solvay.com, brandy.castro@foodmaker.com, TX06@NCUA.GOV,
tifmar143@aol.com, MnLRiz@aol.com, ambox@hti.net, sbrown@metroplex-inc.com,
lara_724@yahoo.com, Cecilia Olvera/HOU/ECT@ECT
cc:
Subject: Fwd: A WOMANS PRAYER

Subject: A WOMANS PRAYER

Dear Lord...

So far today, I am doing all right.
I have not gossiped, lost my temper,
been greedy, grumpy, nasty, selfish, or self indulgent.
I have not whined, bitched, cursed, or eaten any chocolate.
I have not charged on my credit card.

However, I am going to get out of bed in a few minutes,
and I will need a lot more help after that.

Amen.


Richard and Gary:

I can shed some light on this.  Harvey called me on my way back into town
yesterday to ask if we were contesting service on EEMC, as you will recall
we asked him to confirm whether EEMC had actually been served.  I replied as
Gary and I had discussed that we were not going to question the
effectiveness of service on EEMC as counsel had both notice and copies of
the subpoena.  Harvey then went on to indicate that he would be sending an
email to "confirm" the phone conversation which Gary and I had with him,
particularly emphasizing that he had verbally reserved the right to seek
additional information, especially confidential profit information, after
reviewing our transactional information.  I agree with Gary that we only
raised going back to June 99 data as a possibility we were going to discuss
with the client, but Harvey did continue to reserve the right to seek data
back even farther than that if they were not satisfied with our response.
This email is his confirmation.  If we wisht o offer a clarification, we
could have Gary send a short e-mail saying our inquiry into the June 99 data
is continuing and we had not formally committed providing that data subject
to further discussions with the client.

Mike Day

-----Original Message-----
From: Fergus, Gary S. [mailto:GFergus@brobeck.com]
Sent: Wednesday, October 18, 2000 5:16 PM
To: Richard B. Sanders Esq. (E-mail); Michael Day (E-mail)
Cc: Meringolo, Peter
Subject: FW: Enron Proposals Regarding Document Subpoenas

Richard,
    I am not sure what prompted this email today but here it is.  You will
note that Harvey did reinterpret the 1999 request slightly from whether we
would go back that far to how long it would take.  I wonder if the newspaper
articles had anything to do with it.....

Thanks
Gary
-----Original Message-----
From: Morris, Harvey Y. [mailto:hym@cpuc.ca.gov]
Sent: Wednesday, October 18, 2000 5:12 PM
To: 'Fergus, Gary S.'; Morris, Harvey Y.
Cc: 'MBD'
Subject: RE: Enron Proposals Regarding Document Subpoenas

Gentlemen:
This will confirm our tentative agreement to your e-mail subject to our
right to follow-up (under the subpoenas already issued) to the extent that
the Enron Entities' responses on Oct. 13, 2000 and Oct. 27, 2000 are not
sufficient. For example, per your request, we will review the electronic
data base you provide us on the various transactions before we decide
whether we will insist on the confidential financial records addressing any
of the Enron Entities' profits or losses in the purchase and sale of
electricity in the WSCC. You also stated that we would receive the
electronic data base for 2000 on Oct.27, 2000 and that you will check with
your clients as to how soon you can get us the data for the transactions
from June through December, 1999.

 This will further confirm that your response to the subpoenas on behalf of
the Enron Entities, includes Enron Energy Marketing Corporation (EEMC), as
your Oct. 13, 2000 cover letter states. Therefore, as Mike Day orally agreed
in today's telephone conversation, there is no need for the Commission to
reissue or serve a new subpoena on EEMC.

-----Original Message-----
From: Fergus, Gary S. [ mailto:GFergus@brobeck.com
<mailto:GFergus@brobeck.com> ]
Sent: Friday, October 06, 2000 2:57 PM
To: 'hym@cpuc.ca.gov'
Cc: 'MBD'
Subject: Enron Proposals Regarding Document Subpoenas
Importance: High

Harvey Morris Esq.
California Public Utilities Commission
505 Public Utilities Commission
San Francisco, California   94102

                Re:   I.00-08-002  Subpoenas Served on Enron Power
Marketing, Inc. ("EPMI"), Enron Energy Services Operations Inc. and Enron
Energy Services Inc. (collectively referred to as "EES"), Enron Energy
Marketing Corporation ("EEMC"), and Portland General Electric Corporation
("Portland General")(collectively sometimes referred to as the "Enron
Entities")

Harvey,

        Here are our proposals with respect to the Enron Entities'
production of documents pursuant to the above described subpoenas issued by
the California Public Utility Commission (hereinafter "the Commission").
The Enron Entities are willing to assist the Commission in undertaking its
investigation into the problems in the California electric markets by
producing the information specified on a timely basis.  We believe that the
production we propose will enable the Commission to commence its
investigation much sooner than if the parties were forced to litigate all of

the potential objections to the requests for production, which are, by any
standard, extremely broad and could involve millions of pages of documents.
We make these proposals pursuant to our email exchange of October 3, 2000
with the understanding that the Commission agrees that by cooperating,
offering to produce or producing documents, the Enron Entities have not
waived any objections or challenges to these subpoenas whatsoever and that
any claims, defenses, objections, jurisdictional or otherwise or other
responses have been specifically reserved and can be raised in the future,
if necessary.   For all of these proposals, we exclude documents that are
protected from disclosure by the attorney client and attorney work product
privileges.

        Generally speaking, the Enron Entities propose to produce documents
for year 2000 as noted below.  We also understand that the Commission will
be obtaining documents from the ISO and PX and we will not attempt here to
duplicate documents that we understand will be produced by those entities.
As you will see in the general documents that are offered here for
production, Enron Energy Services Operations, Inc. is the parent of Enron
Energy Services, Inc. and does not have operating authority or engage in
wholesale or retail purchases or sales of energy.  Thus, the documents
offered here with respect to those two entities originates with Enron Energy

Services, Inc. but we have designated them both as EES.  We also do not
propose to offer duplicative documents as between the Enron Entities.

GENERAL DOCUMENTS
Requests 1 through 4

        Because of the dynamic nature of the Enron Entities' businesses, the

burden and expense on them to locate, and produce every corporate
organizational chart anywhere in their organizations since April 1, 1998 is
significant.   The Enron Entities will provide the Commission with exemplars

of their current organizational charts, telephone directories and so called
"family trees" to show its current organization.  To the extent that the
Enron Entities can readily identify and locate exemplars of significant
organizational charts, telephone directories or so called "family trees" for

earlier periods they will also make those available.  One Enron Entity,
Portland General, has published books on its corporate history.  If a list
of those books would be helpful, we can provide it.  With respect to the
other Enron Entities, to the extent that corporate histories can be found,
they will be produced.  We anticipate producing these documents in the first

wave on October 13, 2000.

Requests 5 and 6

        The Enron Entities propose that their responses to Requests 1-4 will

identify their relationship to affiliated companies and the Transaction
Documents will identify its customers and suppliers.  We believe this
information will be sufficient to illustrate these relationships for the
staff's purposes.

FINANCIAL DOCUMENTS
Requests 7 through 11

        The Enron Entities will produce their public filings for the period
requested with respect to financial data.  EPMI, EES, and Portland General
will provide to the Commission electronic transaction data ( the
"Transaction Documents") for the purchase and sale of energy delivered which

information includes economic data.   We anticipate producing public filings

regarding financial data on October 13, 2000 and the electronic Transaction
Documents in the second wave of document productions.

GENERATING DOCUMENTS
Requests 12, 14 and 18

        For the Enron Entities other than Portland General, the generation
facilities are either non-existent or limited in number and there will
probably be limited documents available.  The Enron Entities to the extent
they act as a scheduling coordinator or possessed the right to use or resell

generation output, do not have the specific documents that pertain to each
generation unit requested.  The Enron Entities, other than Portland General,

do have documents and information for Las Vegas Cogeneration.  We propose to

produce these documents in the second wave of document productions.

         For Portland General, the production of the requested documents
would involve a tremendous volume of documents, as Portland General owned
twenty generating facilities of a variety of types and sizes during 2000.
Portland General is a net importer of energy and can only generate about one

half of its total energy demand.  As a result, we question whether the
effort required of Portland General is warranted as its impact on the
California wholesale market is necessarily limited.  Nevertheless, Portland
General proposes to provide for year 2000 electronic Transaction Documents
in summary form similar to the data being provided by other Enron Entities,
to the extent relevant as discussed below.  We propose that the Commission
defer requesting production of other information until it has reviewed the
information of generators who sell a significant proportion of their energy
into the California market.  At that time a more accurate assessment can be
made of whether this enormous effort will be valuable given the limited
impact of Portland General generation on the California wholesale market.

TRANSACTION DOCUMENTS
Requests 13, 15, 16, 17 and 19

        We understand that the Commission will be obtaining trading data for

the purchase and sale of energy delivered in California from the ISO and PX.

EPMI can provide the Commission several different sets of relevant
transaction data for year 2000 (in California and outside of California and
Real Time) for the purchase and sale of energy delivered with the date,
counterparty, quantity, delivery point, hours, price, and whether it is a
purchase or a sale.   Because of the speed with which you want this
information, it is possible that some entries will be incomplete or
inaccurate.  For those
transactions where EPMI served only as the scheduling coordinator, we
understand that the ISO will show part of the transaction, but there will
not be a corresponding transaction in the EPMI data we can provide quickly.
The reason is that this type of transaction is passed through to EPMI's
customer on an accounting system rather than as part of the trading
business.  EES can also provide similar data with respect to relevant
wholesale and retail transactions with the proviso that with respect to
retail transactions it will not include the specific names of its retail
customers but instead will provide a blind customer number due to EES'
confidentiality obligations to those customers.  We anticipate producing the

Transaction Documents in the second wave of document productions.

FERC DOCUMENTS

Request 20

        The Enron Entities will produce the requests for data they received
from FERC and to the extent that FERC has been given responses, copies of
those responses.  We anticipate producing the FERC documents on October 13,
2000.

        Based upon discussions that we have had with the various Enron
Entities, we believe that we could make a second wave of productions on
Friday October 27, 2000.  It is possible that not all Enron Entities could
make that date but we believe the bulk of the data could be available for
production by then.

        We propose to make these productions with the understanding that if
any entity obtains a more stringent protective order than the one currently
in place, that all of the Enron Entities document productions will be
protected by the most stringent protective order.  In addition, if, at the
request of any party or nonparty to this proceeding, the Commission or a
court of competent jurisdiction orders that the requests for production be
limited, reduced or eliminated, the Enron Entities reserve the right to
limit the production of documents in conformance with such order.

        We understand that you will consider these proposals and let us know

if they are acceptable to the Commission.  If you have any questions or
comments about our proposal, please do not hesitate to contact Michael Day
or myself.

Brobeck Phleger & Harrison LLP

Gary Fergus

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This email message is for the sole use of the intended recipient(s) and may
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BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com <http://www.brobeck.com>

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To reply to our email administrator directly, send an email to
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PeopleFinder <peoplefinder@enron.com> on 06/19/2000 06:01:23 AM
Please respond to peoplefinder@enron.com
To: John.J.Lavorato@enron.com
cc:

Subject: PeopleFinder change confirmation #961407177.370

This is a change ticket from the PeopleFinder.

The PeopleFinder received these changes to your information
from the LAN Phonebook on 6/19/2000:

    change Extension to "7991"
    change Office to "713-853-7991"

If you want these changes made to your information,
simply reply to this message:
In Netscape Mail, press the "Re: Mail" button and then "Send".
In Lotus Notes, press the "Reply" button and then "Send".
Only the subject line with the confirmation ID is important.

If you don't want these changes, throw this message away.

There is currently no way to approve some of these changes and not others.
If you don't want all of these changes, please discard this message
and you can submit your own changes through the peoplefinder at
http://home.enron.com/pfinder.
If you prefer not to receive these confirmations in the future,
please visit the Change My Info page and turn off Confirm External Changes.


Give me a call.  These look fine I just have a few questions.


There will be a UBSWE Migration TONIGHT....please make sure that you LOG OFF before you leave today.

Monday morning, (2/4/02), you will logon with your Enron NT Account and Password.  You will immediately be forced to change your password (following Enron rules) and your NT ID will stay the same.  Once you've changed your password, and logged off AGAIN, you will see the UBS Warburg Energy Screen....email will not be affected until day one.

Starting Monday, you will receive emails from IT support to explain the HOW TO's for your data that YOU  will need to begin transferring over to UBS.  All material will need to be in compliance with UBS standards and NO documents or emails are to be deleted.  In Outlook the following information will be transferred over by IT: Calendar, Contacts, Tasks, and Notes.  Emails (Inbox, Sent Items and Deleted Items) and folder structure will NOT be migrated.

ALL data MUST be migrated PRIOR to day one (estimated to be 02/08/02 ), as access to Enron data will be disabled Day 1.

Thanks for your immediate help in this matter.

T.Jae Black
East Power Trading
Assistant to Kevin Presto
off. 713-853-5800
fax 713-646-8272
cell 713-539-4760


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
ELLEDGE, SUSAN                  LINDA S BRYAN                   Nov 02, 2000
MAHMASSANI, SOUAD               KAM N KEISER                    Nov 07, 2000
WHITE, JESSICA                  GEORGE F SMITH                  Nov 07, 2000
WILLIAMS, JASON C               ROBERT A SUPERTY                Nov 02, 2000


I've added the third leg to deal 566375 and changed comments in each leg to
reflect that. We had a bit of confusion about who was actually adding the new
pub code, but it's in the system now and the deal is ready to be confirmed.
Just a note - I previously had all the Sunday and Holiday hours in the
off-peak leg of this deal (so Risk could calc the value correctly), and now
I've deleted those strips to account for leg 3 which contains only Sunday and
Holiday hours. Please let me know if anything looks different, other than
that, on your end.

Thanks,
Kate


Can we please have the RC that should be charged for the upgrade for Todd's
housing from single to accompanied?

Thanks,

Jane

---------------------- Forwarded by Jane Allen/HOU/ECT on 03/17/2000 08:31 AM
---------------------------

Tara Rozen
03/17/2000 02:58 AM
To: Matt Hatton/LON/ECT@ECT
cc: Lisa McRae/LON/ECT@ECT, Jane Allen/HOU/ECT@ECT
Subject: Todd Hall

Matt

Please can you arrange for Todd Hall, who is coming from Houston to work for
Barry Pearce, to stay at Dolphin Square apartments? Please liaise with him
directly on this.

We have a bit of a complicated costing situation. Barry Pearce will be taking
the cost of the normal one bedrooms at Dolphin Square and Sally is taking the
rest of the cost.

Jane - please provide the costs for Sally's RC.

Thanks
Tara
---------------------- Forwarded by Tara Rozen/LON/ECT on 17/03/2000 08:56
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Jane Allen                           15/03/2000 21:43

To: Tara Rozen/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT

Subject: Todd Hall

Sally has decided to go with the 2 bedroom Dolphin Square accommodations for
Todd.  Please reserve them for March 25th through at least April 15.

Thanks.

Jane


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Money manager interview -- The Wall Street Transcript talks large-cap
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You're right - bankruptcy is a likely move for PG&E. But this deal was
entered in place of an existing position we had with PG&E in the California
Power Exchange, and it's been approved by our legal and credit departments.

Let me know if you have further questions.

Thanks,
Kate

	From:  Sharen Cason                           01/17/2001 01:12 PM

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

Subject: #499147

This deal is with PG&E.  I thought they were going into bankruptcy.  Can you
check and see if this is a wrong co name or what.

Thanks!


Please add the following person.

Victoria Versen

happy Turkey day.

Dave Scott@EES
10/27/2000 06:13 AM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: FOM distribution

Chris, my FOM and daily requirements e-mail currently goes to the following
people at ENA:

C Germany
S Goodell
S Gillespie
C Franklin
C Pendergrass
D Espey
C Vachuska
M Mitchell
K Ruscitti

David


Notice No. 01-99
March 21, 2001

TO:
All Exchange Members

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
NYMEX ACCESS(r) Web Site

As of Wednesday, March 21, 2001, the NYMEX ACCESS(r) web site remains
unavailable for the ACCESS session for trade date March 22nd.

Please call the NYMEX ACCESS Control Center (NACC) for all NYMEX ACCESS price
information at 1-800-438-8616.

We will provide an update regarding the status of the web site on Thursday,
March 23rd.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-99)"

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


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


A couple of points to clarify - You'll still have Notes available with your
old mail retained.  You'll be able to look at messages and open attachments,
but you will not be able to move messages into or out of folders, nor forward
any messages.  Also, you'll still be able to access Notes databases,
including Project Tracking and RCRs.  Project Tracking is being converted to
a web-based database, and as we get closer to implementation I'll distribute
further information.

We've learned that the San Francisco, Portland and DC offices are being
converted separately.  Please contact your office manager for details.

Thanks!
----- Forwarded by Elizabeth Linnell/NA/Enron on 06/22/2001 01:46 PM -----

	Joseph Alamo
	06/22/2001 12:42 PM

		 To: Elizabeth Linnell/NA/Enron
		 cc:
		 Subject: Re: Outlook Migration and E-Mail retention schedule

hey, Elizabeth, sorry but I'm not clear how this affects utilizing our RCR
database/info....?
Will we still have access to Lotus Notes for awhile longer in order to use
that database, or .......?

Clarify, please!
Thanks,
Joseph

From: Elizabeth Linnell on 06/22/2001 11:01 AM CDT
To: Alan Comnes/Enron@EnronXGate, Aleck Dadson/TOR/ECT@ECT, Allison
Navin/Corp/Enron@ENRON, Amr Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
Barbara A Hueter/NA/Enron@Enron, Bernadette Hawkins/Corp/Enron@ENRON,
Bevin.hunter@enron.com, Bill Moore/NA/Enron@Enron, Carin
Nersesian/NA/Enron@Enron, Carmen Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Carolyn Cooney/Corp/Enron@ENRON, Charles Yeung/HOU/ECT@ECT, Chauncey
Hood/NA/Enron@ENRON, Chris Long/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Dan Staines/HOU/ECT@ECT, Daniel
Allegretti/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Dave
Perrino/SF/ECT@ECT, Donald Lassere/NA/Enron@Enron, Donna
Fulton/Corp/Enron@ENRON, Elizabeth Linnell/NA/Enron@Enron, Eric
Benson/NA/Enron@ENRON, Frank Rishe/NA/Enron@Enron, Geriann
Warner/NA/Enron@Enron, Germain Palmer/Corp/Enron@ENRON, Ginger
Dernehl/NA/Enron@Enron, Gloria Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Harry Kingerski/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Janel Guerrero/Corp/Enron@Enron, Janine
Migden/NA/Enron@Enron, Jean R Dressler/NA/Enron@Enron, Jean
Ryall/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Joe Allen/NA/Enron@Enron,
Joe Connor/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, John
Shelk/NA/Enron@Enron, Joseph Alamo/NA/Enron@Enron, Kathleen
Sullivan/NA/Enron@ENRON, Kathy Mongeon/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kerry Stroup/NA/Enron@Enron, Kirsten Bellas/NA/Enron@Enron, Lara
Leibman/NA/Enron@Enron, Larry Decker/NA/Enron@Enron, Laurie
Knight/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Linda J
Noske/HOU/ECT@ECT, Linda Robertson/NA/Enron@ENRON, Lindsay
Meade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lisa Yoho/NA/Enron@Enron, Lora
Sullivan/Corp/Enron@ENRON, Lysa Akin/Enron@EnronXGate, Marchris
Robinson/NA/Enron@Enron, Margaret Huson/ENRON@enronXgate, Maria
Arefieva/Enron@EnronXGate, Maureen McVicker/NA/Enron@Enron, Melinda
Pharms/HOU/ECT@ECT, Mike Roan/ENRON@enronXgate, Mona L
Petrochko/NA/Enron@Enron, Nancy Hetrick/NA/Enron@Enron, Pat
Shortridge/Corp/Enron@Enron, Patrick Keene/NA/Enron@Enron, Paul
Kaufman/Enron@EnronXGate, Rebecca W Cantrell/HOU/ECT@ECT, Richard
Ingersoll/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Robert
Frank/NA/Enron@Enron, Robert Hemstock/CAL/ECT@ECT, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ron McNamara/NA/Enron@Enron,
Roy Boston/HOU/EES@EES, Rubena Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sandra McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Scott
Bolton/Enron Communications@Enron Communications, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen D Burns/Corp/Enron@ENRON,
Steve Montovano/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron, Sue Nord/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,
Susan M Landwehr/NA/Enron@Enron, Susan Scott/enron@enronXgate, Terri
Miller/NA/Enron@Enron, Thane Twiggs/Enron@EnronXGate, Tom
Briggs/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Vinio Floris/Corp/Enron@Enron
cc:

Subject: Outlook Migration and E-Mail retention schedule

My apologies, I meant to send this to everyone on Wednesday.  Obviously my
"cut and paste" talents need some work!

One update - Employees in Houston will be converted the week of 7/9.
----- Forwarded by Elizabeth Linnell/NA/Enron on 06/22/2001 11:00 AM -----

	Elizabeth Linnell
	06/20/2001 05:34 PM

		 To: Alan Comnes/Enron@EnronXGate, Laura Glenn/OTS/Enron@ENRON, Jody
Underwood/NA/Enron@Enron
		 cc:
		 Subject: Outlook Migration and E-Mail retention schedule

Laura and Jody - Please distribute this message to your groups.

Outlook Migration:
For those people who have not yet been converted, the Outlook migration for
Public Affairs will be taking place in the next two weeks.; Earlene O,Connell
will forward all the necessary information that you will need to make the
conversion go as smoothly as possible.;
;
For the Houston employees, we will begin scheduling starting on Monday, June
25th.; ;Actual conversions will begin on Wednesday, June 27th.
;
For the remote offices, excluding Portland and Washington, you will not be
required to send in your computers.; A cd with the executable file will be
coming to you in the mail by Monday, June 25th.; You will need to make an
appointment with the Migration Team.; The names and numbers will be provided
with the cd.; Earlene O,Connell is available at 713-853-7870 for questions
and comments or any trouble that you may experience.
;
This migration is not to be compared to the migration to Windows 2000.; It is
short and very efficient.; The learning curve on Outlook is also short.;
Outlook affords us with many more options than Notes and I expect once the
conversion is finished, you will be satisfied.

Mail Retention:
The Public Affairs group mail retention issue is still in progress.  We'll
communicate further information to you once we have it.


Lon,

I added sensitivity of the ostrip premium to the basis offset (output 10)
for the forward start options in OSTRIP2 model

I added forward vega (7) gas daily vega (8) and Charm (9) previously
for Larry May.

Please find the example spreadsheet and Exotica add-in.   (you need to
delink your Exotica addin and Browse to select the new addin).
After you test it, we can put into the release version.   Use the attached
addin
as the temporary one.

Let me know your comments.

Zimin


---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/27/2000 06:27
PM ---------------------------

Susan J Mara@EES
06/27/2000 10:27 AM
To: Jeff Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, Richard Shapiro/HOU/EES@EES, Tim Belden/HOU/ECT@ECT,
Paul Kaufman/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT
cc:
Subject: FW: Reliant Letter to Gov. Davis

---------------------- Forwarded by Susan J Mara/SFO/EES on 06/27/2000 12:24
PM ---------------------------

"Katie Kaplan" <kaplan@iepa.com> on 06/26/2000 04:02:30 PM
To: "William Hall" <wfhall2@duke-energy.com>, "Trond Aschehoug"
<taschehoug@thermoecotek.com>, "Tim Loposer" <tim.loposer@williams.com>, "Sue
Mara" <smara@enron.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Roger
Pelote" <roger.pelote@williams.com>, "Rob Lamkin"
<rllamkin@seiworldwide.com>, "Randy Hickok" <rjhickok@duke-energy.com>,
"Marty McFadden" <mcfaddenjr@aol.com>, "Lynn Lednicky" <lale@dynegy.com>,
"Kent Fickett" <kfickett@usgen.com>, "Jonathan Weisgall" <jweisgall@aol.com>,
"John Stout" <John_H_Stout@reliantenergy.com>, "Joe Ronan"
<joer@calpine.com>, "Joe Greco" <joe.greco@uaecorp.com>, "Jim Willey"
<jwilley@conpwr.com>, "JAnet Heck-Doyle" <jheckdoyle@aol.com>, "Jack Pigott"
<jackp@calpine.com>, "Hap Boyd" <rboyd@enron.com>, "Greg Blue"
<gtbl@dynegy.com>, "Frank DeRosa" <frank.derosa@gen.pge.com>, "Eileen Koch"
<eileenk@calpine.com>, "Ed Tomeo" <ed.tomeo@uaecorp.com>, "Duane Nelsen"
<dnelsen@gwfpower.com>, "Dennis Elliott" <delliott@energy.twc.com>, "Dave
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn A Baker" <cabaker@duke-energy.com>, "Bob
Escalante" <rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>,
"Bill Woods" <billw@calpine.com>, "Bill Carlson"
<william_carlson@wastemanagement.com>, "Dean Gosselin" <dean_gosselin@fpl.com>
cc:
Subject: FW: Reliant Letter to Gov. Davis

Greetings:
Please find a copy of the Reliant letter to the Governor.

-----Original Message-----
From: curtis_l_kebler@reliantenergy.com
[mailto:curtis_l_kebler@reliantenergy.com]
Sent: Monday, June 26, 2000 1:53 PM
To: john_h_stout@reliantenergy.com; stephanie-newell@reliantenergy.com;
rhoward@reliantenergy.com
Cc: smutny@iepa.com; steven@iepa.com; kaplan@iepa.com
Subject: Reliant Letter to Gov. Davis

Attached is a revised draft of Reliant's letter to Gov. Davis.

(See attached file: Gov. Davis Letter.rev1.doc)

 - Gov. Davis Letter.rev1.doc


----- Forwarded by Tana Jones/HOU/ECT on 09/20/2000 04:10 PM -----

	Bradley Diebner
	09/20/2000 03:53 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia
Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global
Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 09/20/00

The EOL approvals for 09/20/00 are attached below.

Regards,
bd


screw you ya gimp, and especially screw you grandpa and your
freakin' flea circus.

---------- Original Message ----------------------------------
From: "John Riches" <john_riches@msn.com>
Date: Tue, 06 Nov 2001 14:20:53 +0000

>That's right, John won!
>
>Fear me one and all.
>
>
>>From: "Mark Molnar" <MarkM@cajunusa.com>
>>To: <Frthis@aol.com>,<Rs1119@aol.com>, <wolphguy@aol.com>,
>><martier@cpchem.com>, <Dutch.Quigley@enron.com>,
<siva66@mail.ev1.net>,
>><john_riches@msn.com>, <jramirez@othon.com>, <klyn@pdq.net>,
>><djackson@rpsionline.com>
>>Subject: Richard Sucks!!!!!!
>>Date: Tue, 06 Nov 2001 08:03:39 -0600
>>
>>How bad is Richard Blues that he can't score two damn points
last night to
>>beat Cheerio Man?  Thanks for nothing jerk.  On a lighter
note...John won,
>>John won, John won.  Kevin, thank you for taking out the 2700
club, while I
>>returned the favor by bitch slapping the KMB Express.
>>
>
>
>_________________________________________________________________
>Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp
>
>

________________________________________________________________
Sent via the EV1 webmail system at mail.ev1.net


BUSINESS HIGHLIGHTS

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

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

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

PERFORMANCE REVIEW

The deadline to provide feedback is Friday, November 17.  If you have been
selected to provide feedback on one of your fellow employees, please take the
time to fill out an evaluation online at www.pep.enron.com.

IN THE NEWS

"Enron Corp., already North America's biggest, buyer and seller of natural
gas and electric power is dead serious about its efforts to capture a big
slice of the $400 billion global trade in pulp, paper and lumber."
-Reuters News Service

2000 CHAIRMAN,S AWARD NOMINEES
Please join us in congratulating the ENA/EIM/EGM/ employees who have been
recognized as Chairman,s award nominees.

Congratulations to:

 Irma Alvarez  Alan Aronowitz  Rick Bergseiker  Carol Coats  Joya Davis
Rufino Durante
 Sue Foust  Julie Gomez  Barbara Gray  Jackie Griffith  John Harrison  Gerri
Irvine
 Kathy Benedict  Michael Kelley  Mike McConnell  Dave Nommensen Ina Norman
Juan Padron
 Veronica Parra  Michael Roberts  Rhonda Robinson Kevin Sweeney  Helen
Taylor  Stacey White

Extra kudos to BARBARA GRAY, who is a finalist for the 2000 Chairman,s
Award.  Barbara and ten other individuals are flying to San Antonio from
around the world to be honored at Enron,s annual Management Conference.  One
of these finalists will be recognized as the 2000 Chairman,s Award winner.

WELCOME
New Hires ENA/EIM/EGM
ENA ) Anil Chandy, Alejandra Chavez
EGM ) Marty Cates, JoAnne Underwood, Brad Miller

Transfers to ENA/EIM/EGM
ENA ) Mark Wadlington, Jennifer Blay-Smith, Georgian Landau, Kathryn Bussell,
John Coleman, Steven Gillespie, Clarissa Garcia, Ina Rangel, Farouk Lalji,
Eva Rainer, Chuchu Wang, Smith Day
EGM ) Gloria Solis, Carmella Jones, Nancy Haralson

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary
to Enron Corp. and its subsidiaries.  It is intended for internal use only
and should not be disclosed outside of Enron.


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 3, 2000 5:00pm through November 6, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  EOL
Time:  Sat 11/4/2000 at  7:00:00 PM CT thru Sat 11/4/2000 at  8:00:00 PM CT
                Sat 11/4/2000 at  5:00:00 PM PT thru Sat 11/4/2000 at
6:00:00 PM PT
                Sun 11/5/2000 at  1:00:00 AM London thru Sun 11/5/2000 at
2:00:00 AM London
Outage:  reboot eol net devices
Environments Impacted:  EOL
Purpose: Regular reboot to prevent such problems as memory corruption
Backout:
Contact(s):  John Shupak  713-853-7943

LOTUS NOTES: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:  HR
Impact:  HR
Time:  Fri 11/3/2000 at  6:00:00 PM CT thru Fri 11/3/2000 at  10:00:00 PM CT
 Fri 11/3/2000 at  4:00:00 PM PT thru Fri 11/3/2000 at    8:00:00 PM PT
 Sat 11/4/2000 at  12:00:00 AM London thru Sat 11/4/2000 at  4:00:00 AM London
Outage:  HR DataMart (HR-DB-5/HR-DB-4) Database move
Environments Impacted:  Corporate, HR Datamart, Expertfinder, eHRonline,
Global Information System,
             Global Compensation System, and Performance Management
Purpose: Upgrade existing hardware / make room at Ardmore for PDU and air
handling unit.
Backout: Our backout plan is to move the servers back to their original
position with the original cards installed in them.
Contact(s):  Brandon Bangerter  713-345-4904
  Raj Perubhatla  713-345-8016
  Mark Calkin  713-345-3691

OTHER SYSTEMS:  UNIX
Impact:  ENS
Time:  Fri 11/3/2000 at  11:00:00 PM CT thru Fri 11/3/2000 at  11:30:00 PM CT
 Fri 11/3/2000 at    9:00:00 PM PT thru Fri 11/3/2000 at     9:30:00 PM PT
 Sat 11/4/2000 at    5:00:00 AM London thru Sat 11/4/2000 at  5:30:00 AM
London
Outage:  Add Redundancy to the Unix Server Network
Environments Impacted:  ENA
Purpose: Make this network redundant
Backout:
Contact(s):  George Nguyen  713-853-0691

OTHER SYSTEMS:  SAP
Impact:  SAP
Time:  Sun 11/5/2000 at  6:00:00 AM CT thru Sun 11/5/2000 at  6:30:00 AM CT
 Sun 11/5/2000 at  4:00:00 AM PT thru Sun 11/5/2000 at  4:30:00 AM PT
 Sun 11/5/2000 at  12:00:00 PM London thru Sun 11/5/2000 at  12:30:00 PM
London
Outage:  Remove trunking for SAP
Environments Impacted:  All
Purpose: SAP has migrated to Ardmore, will move the routing functionality to
Ardmore and remove the trunking
(no longer needed) from the links leading back to EB.
Backout: Move the routing functionality back to the EB
Contact(s):  Vincent Fox   713-345-7784
  Ron Pieronek  713-853-6683

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


Dear Mr. Karl:

Attached for your review is a draft of a Master Agreement with Enron North
America Corp.
Please do not hesitate to give me a call with any questions and or comments
you may have regarding this matter.

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


PLEASE SEE ATTACHED MEMO FROM CINDY OLSON REGARDING THE ABOVE.

THANK YOU

BOBBIE


You can take my assistant Taffy Milligan off these emails again.  Thanks!

	Adnan Patel@ENRON
	11/29/2000 04:49 PM

		 To: Karen Lambert/HOU/ECT@ECT
		 cc: Tana Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT,
David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Cynthia
Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global
Contracts and Facilities@ECT, Enron Europe Global CounterParty@ECT, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Claudia Clark/HOU/ECT@ECT,
William S Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee Munden/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Taffy Milligan/HOU/ECT@ECT,
Tanya Rohauer/HOU/ECT@ECT
		 Subject: Re: EOL Credit - GCP Responses 11/29/00

Attached are the GCP Signoffs on EOL Approvals for 11/29/00 with GCP
responses marked in Red.

Adnan Patel

Bradley Diebner@ECT
11/29/2000 04:31 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Taffy
Milligan/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: EOL Credit Responses 11/29/00

Regards,
bd


Joe, where is the arb? Ultimately, this cannot be a cost of capital play
given the owners.  Is this primarily an off-balance sheet issue for the
customer?  Are we taking disposal or terminal value risk on the facility?
Operational risk? Did we come up with this structure or was this the mandated
structure in the RFP?

Is this a play that you would support?

On a previous issue, do you feel confident that we can monetize the El Paso
note on the ECP sale at the 8.25%?  It is important for us to be able to
quickly monetize this note for obvious reasons.

How is it going otherwise?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/03/2000
01:19 PM ---------------------------

	From:  Jean Mrha @ ENRON                           09/27/2000 04:21 PM

To: David W Delainey/HOU/ECT@ECT
cc: Brian Redmond/HOU/ECT@ECT, W Tom Byargeon/HOU/ECT@ECT, Julie Gomez, Chris
Hilgert/HOU/ECT@ect
Subject: Re: Devil's Tower

David,

Devils Tower is a deepwater project on Mississippi Canyon block 773.
Dominion is the operator and has a 60% working interest in the project.
Mariner Energy (20%) and Pioneer Resources (20%) are the remaining working
interest owners.

During the first week of September, Production Offshore, managed by Tom
Byargeon, received an RFP and an information packet to submit a proposal for
the development of a floating production system and export pipelines.

Since the Devils Towers project exists in a prolific active deepwater reserve
area and this area has little developed infrastructure, this project is
strategic and creates a very relevant and marketable infrastructure
position.  For example, Exxon has indicated their interest in tying back
their production from Crazy Horse (south of Devils Tower) to this platform.
In addition, the production from this platform could be funneled into Exxon's
export pipelines on the shelf.

This project will financed by a structure where Enron forms a joint venture
(JV) with an independent third party.   The joint venture partners capitalize
the JV with a nominal amount of funds.  The JV leases capacity on the
platform and export pipelines from a special purpose vehicle (SPV).  The SPV
uses the lease agreement to obtain a loan from financial institutions.  In
turn, the SPV uses equity capital (from a tax based investor) and the loan
proceeds to purchase or develop the deepwater assets.

The JV receives cash flows from leasing the production capacity from the
Devils Tower deepwater assets.  This capacity on the deepwater assets will be
sold for five to seven years under a production handling agreement (PHA).
Final point, the JV receives a financial instrument (most likely a note
receivable)  equal to their portion of the net proceeds from the PHA.

Enron books income on the monetization of this financial instrument via a
FASB sell down (most likely, selling a note receivable to a bank for cash).
In addition, because the lease capacity for the deepwater assets will be sold
for only five-seven years and these assets will have a minimum working life
for twenty, there exists potential upside for Enron.  For example, cash flows
from incremental PHAs (ie., through tiebacks to Devils Tower deepwater
assets) can be monetized via the FASB 125 sell down.

The financial structure was designed to minimize capital outlays and
financial risk.  Also, Joe Deffner and Roger Ondreko are very familar with
the structure and assisted in its design.

The RFP is due October 2nd.   There will a meeting tommorrow from 1-3 pm to
discuss the status of the proposal in EB 3583. Please feel free to attend.

Regards,

Jean

David W Delainey@ECT
09/27/2000 01:26 PM
To: Brian Redmond/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron
cc:

Subject: Devil's Tower

Guys, can you give me an update on what this deal is about - e-mail would be
fine?

Regards
Delainey


Linda, a significant opportunity exists for Enron to help elevate the
importance of Japanese energy sector reform ahead of the US/ Japan summit on
30 June. Energy sector reform is crucial to Japan,s economic recovery and to
Enron,s value proposition in Japan.

Currently:
Despite some reforms, competition is virtually nonexistent in Japan,s energy
sector.
Japan,s economic recovery is being hampered by lack of energy sector reform.
Positive political momentum is developing in Japan for macro-economic reform.
The US Government is currently focused on energy issues and Japan,s economy.
The US and Japan will be finalizing the current round of bilateral
discussions on energy deregulation in the next three weeks ahead of the 30
June summit.

While we maintain a regular dialogue with the US embassy in Japan and with
the USTR, and have significant input on both the US and Japanese sides in the
bilateral discussions on energy deregulation, I believe that we need to raise
the issue to more senior levels within the US Government. I propose that in
the next three weeks we meet with levels equivalent to Amb. Zoellick, Mr
Lindsay and Assistant Secretary Armitage, though of course I would be guided
by you on that front.

I attach a brief note which sets out the proposal in more detail.

If you are available perhaps we can discuss the proposal briefly this
afternoon (Thursday). Given the time difference, after 6pm would be
preferable. Alternatively Friday morning, Washington time, would be ok.

I look forward to hearing from you.

kind regards