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MsgId: msg-10188-B10204010Address.msg-18:48:17(10-20-2000)
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Message-Recipient: benjamin.rogers@enron.com


Thought you might like to see.
 -----Original Message-----
From: 	Anderson, Diane
Sent:	Tuesday, November 27, 2001 1:00 PM
To:	Bailey, Susan
Subject:	interesting

Sizable staff of 245 lawyers in merger limbo

HOUSTON (AP) - The fate of Enron Corp.'s massive legal staff has been a subject of discussion amid talk of possible layoffs at the troubled energy trader.

The company's legal staff size is larger than some law firms.

"We've always regarded them as one of the big law firms in Houston," said Howard Ayers, managing partner of Andrews&Kurth, one of the city's largest with about 240 lawyers in Houston.

Enron has about 245 lawyers worldwide, company spokesman Vance Meyer said. With about 145 lawyers in Houston, if it were a private firm it would have been the city's sixth-largest, according to the Chronicle.

Enron's internal law office has grown along with the huge trading firm, now set to merge with smaller but stronger Dynegy. As Enron's stock plummeted further, Dynegy last week denied rumors it might drop out and leave Enron to face possible bankruptcy.

Speculation in the legal community runs the gamut from rumors that dozens of lawyers could be laid off as early as this week to the idea that Enron will hold on tightly to its talent.

"My guess is they'll need their lawyers while they get things in a more steady state. There's a lot of legal work to go through," said Joel Swanson, a senior partner at Baker&Botts, a law firm with about 265 lawyers in Houston.

In addition to Enron's in-house legal staff, the company also has hired just about every large firm in Houston over the last few years.


That is the purpose of the 30 minute meeting.  We can decide tomorrow on
whether to have the GE call or not.

	Kay Mann@ENRON
	05/15/2001 05:40 PM

		 To: Sheila Tweed/HOU/ECT@ECT
		 cc: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt@ECT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT
		 Subject: Re: World Hunger Rev 4a- JR

I think we need an internal review to develop responses to positions as
outlined in PT's memo.

Kay

From: Sheila Tweed@ECT on 05/15/2001 04:22 PM
To: John G Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Kay
Mann/Corp/Enron@Enron, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: World Hunger Rev 4a- JR

My prior email was written before I read this and it seems like everyone is
geared up for the call with GE tomorrow.  I'm OK with proceeding if everyone
thinks we can resolve some stuff.

	John G Rigby@ENRON_DEVELOPMENT
	05/15/2001 03:03 PM

		 To: Kay Mann/Corp/Enron@Enron, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sheila Tweed/HOU/ECT@ECT, Ed B
Hearn III/HOU/ECT@ECT, pthompson@akllp.com
		 cc: John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: World Hunger Rev 4a- JR

  I took several assignments from the last World Hunger call.  Status as
follows:

a.   Tax language-  I have sent a prior version of Rev 4 jr to Matt G asking
him to call me to let me know when he can talk with GE tax rep.  Steve Swifit
and I are in London and would like to sit in on that call.

b.   Insurance Language review.   I sent same version to David Marshall and
Paul Parrish asking for their reviews and opinion as to whether 7FA's are new
technology.

c.   I "volunteered" to look at the termination language in world hunger, GE
had some problems, and I had the same problem with the ARCOs contract.   I
drafted a fix last Friday, sent to Kay M for comment.  I have included my
suggested changes in the attached redline.  I have forwarded same fix to GE
at end Friday for Arcos.    I have asked Kay if she still has a concern with
the Limit of Liability as it relates to termination.  I think it works.

d.  I "volunteered" to work over Article 10, Exhibit B-3 and Exhibit B-6 in
relation to Guarantees and liquidated damages.  I have done that in the
attached redline of the T&C and Exhibits.

e. Some time ago I volunteered to resurrect the language associated with the
reduction in the LD refund in Section 10.9.8.   I had sent out a couple weeks
ago but received no reaction.    I have entered that fix in the attached
redline.

f.  I have made several minor changes to definitions associated with
performance.

Attached is Rev4-JR version of GE T&C's and Exhibits for world hunger.  They
start from the clean rev 4 version of the T&Cs that Peter forwarded to me at
my request.  The attached are redlined to show my changes.

I have not sent any of this to GE except for the termination language fix.
I suggest that the Enron team give these a quick read before the World hunger
call.  I can print same here and share with GE during the call unless there
is an objection.

I hope this will help to advance the process.  My earlier emails to Paul and
Matt were not intended confuse the situation with different drafts.  Please
ignore those and for the above purposes use the attached files.

Kay- I suggest that you forward to others who you feel appropriate for the
purposes of the world hunger call on Wednesday.


Do you have access to the Financial Trading Agreement database, where you can
look these dates up?

	Bernice Rodriguez
	07/24/2000 05:31 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Melinda Whalen/CAL/ECT@ECT
		 Subject: Confirmation on Master Dates

Tana,

Can you please confirm for me what the financial master agreement dates are
for Utilicorp United Inc (GCP shows 6-21-00) and Dynegy Canada Inc (GCP shows
6-16-95)?

Canada currently has several confirmations that are being held until we can
resolve what the dates are.

Bernice


I made some changes, please review:

John Buchanan

From:	Karen Lagerstrom/Enron@Enronxgate on 06/15/2001 02:39 PM
To:	John Buchanan/ET&S/Enron@ENRON
cc:	Joni Bollinger/ENRON@enronXgate

Subject:	Sunflower Procedures

John, please review the attached and provide comments to me.  Thanks.


The WSJ is doing a profile on Fred and Fialka has asked Fred to suggest
some people he should talk to about him.  Fialka is particularly interested
in business leaders who know Fred personally.  If you are willing to talk
to him I'd appreciate it.  If you feel comfortable in doing so, I  thought
you might be able to talk about your having worked with him on PCSD and
other fora - - about the fact that he is passionate about environmental
issues and the need to achieve results but can work with business and
politicians of both parties to find ways to solve problems...that he's not
stuck to one approach...that he's pragmatic, focused on getting results.

Please let me know if you feel comfortable in our giving Fialka your name
to talk to.

Marcia Aronoff
Environmental Defense
257 Park Avenue South
New York, NY 10010
(ph) 212-505-2100
(fax) 212-505-2375
(email) maronoff@environmentaldefense.org


FYI

- Curry: Done at 135 + 175/175
- Robinson: Said done if we get him ED, 140 + 125/125: submitted for approval
- Llodra: Talked to Oxley; needs to talk to me some more tonight
- Wood: wants more upfront $; will talk tomorrow

Done (signed or verbal)
Furrow
Meyn
Valderam
Rorschach
Abler
Pacheco
Donovan
Cross

Chris Calger
503-464-3735


i think we've sent a markup to SCE.  i am available today and agree it would be a good idea to meet.  BTW are you available for a call today at 2 CST to discuss strategy for the mon meet and confer with SCE?

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, October 26, 2001 9:38 AM
To:	Williams, Robert C.
Cc:	Sanders, Richard B.; Tribolet, Michael; Mellencamp, Lisa; Dasovich, Jeff
Subject:	SCE Stipulation

Bob --

Where do we stand on the SCE stipulation?  I want to make sure that our push in SCE doesn't conflict or contradict something we are doing in the PG&E discussions.

Can we meet today?

Jim


Hi, Kristin.  I guess we got our wires crossed last Friday about lunch.
Sorry about that.  He told me that you guys have rescheduled for tomorrow
(Tuesday) at 12:30 p.m. and that you will meet him there.  I'll make a
reservation at Carrabas on Kirby in your Dad's name at that time.  Please let
me know if you have a conflict.  Thanks, SRS

PS - I also have you down for lunch with your Dad on Friday, November 10 - do
you have it down, too?


> Two buddies, Tony and Steve, are getting very drunk

  > at a bar

  > when suddenly Steve throws up all over himself. "Oh,

  > no. Now Jane will

  > kill me!"  Steve says.

  >

  >  Tony says, "Don't worry, pal. Just tuck a twenty in

  > your breast

  >  pocket, tell Jane that someone threw up on you and

  > gave you twenty dollars

  > for the dry cleaning bill."

  >

  >  So they stay for another couple of hours and get

  > even drunker.

  >

  >  Eventually Steve rolls into home and his Jane

  > starts to give him

  > a bad time. "You reek of alcohol and you've puked

  > all over yourself! My

  > God, you're disgusting!"

  >

  >  Speaking very carefully so as not to slur, Steve

  > says,

  >  "Nowainaminit,

  >  I can e'splain everything! Itsh not what you think.

  > I only had a

  > couple drinks. But this other guy got sick on me...

  > he'd had one too many

  > and he just couldn't hold his liquor. He said he was

  > very sorry an' gave

  > me twenty bucks for the cleaning bill!"

  >

  >  Jane looks in the breast pocket and says, "But this

  > is forty bucks."

  >

  > "Oh, yeah... I almos' forgot, he shit in my pants,

  > too."


i am going tomorrow

Danielle Samson <DanielleS@JonesGranger.com> on 04/28/2000 04:56:19 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE: Corruption Test

I MAY GO TOMORROW, ARE YOU?  SUNDAY WILL BE WAY TOO BUSY!

  -----Original Message-----
  From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
  Sent: Friday, April 28, 2000 11:05 AM
  To: DanielleS@JonesGranger.com
  Subject: RE: Corruption Test

  No problem.  I didn't go out last night - just had a quiet
evening.  I am
  having a great day - work wise.  Are you going to the shell
open?

  Danielle Samson <DanielleS@JonesGranger.com> on 04/28/2000
03:16:08 AM

  To:   "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
  cc:
  Subject:  RE: Corruption Test

  Hey, sorry I didn't get a chance to call you back.  we went
to lunch and
  didn't get back until after 2, and then I had class at 2:30.
How is your
  day?  Did you go out last night?

            -----Original Message-----
            From:     Eric.Bass@enron.com
[mailto:Eric.Bass@enron.com]
            Sent:     Thursday, April 27, 2000 10:59 AM
            To:  DanielleS@JonesGranger.com
            Subject:  RE: Corruption Test

            liar

            Danielle Samson <DanielleS@JonesGranger.com> on
04/27/2000
  03:39:30 AM

            To:   "'Eric.Bass@enron.com'"
<Eric.Bass@enron.com>
            cc:
            Subject:  RE: Corruption Test

            34

                      -----Original Message-----
                      From:     Eric.Bass@enron.com
  [mailto:Eric.Bass@enron.com]
                      Sent:     Wednesday, April 26, 2000 5:04
PM
                      To:  DanielleS@JonesGranger.com
                      Subject:  RE: Corruption Test

                      55 - how about you?


More  idiocy....let's do lunch when you have some time...
?
.-----Original  Message-----
From: Rice, Irene
Sent: Tuesday, May 01, 2001  3:37 PM
To: Johnson, Garth; Brown, Michelle; Ciach, Sandra
Cc: Livingston-nunley, Grace; Harper, Bethany
Subject: FW:  Final Report on Workshop Report to Discuss Alternative Gas
Indice

Final Report on Workshop Report to Discuss Alternative Gas  Indices

?
-----Original Message-----
From: Loewen, James  [mailto:loe@cpuc.ca.gov]
Sent: Tuesday, May 01, 2001 2:08  PM
To: 'jweisgall@aol.com'; 'rogerberliner@bcjlaw.com';  'rcsstl@cdmnet.com';
'achau@tractebelusa.com'; 'dnorris@sppc.com';  'hchoy@isd.co.la.ca.us';
'dwoods@whitecase.com'; 'mcmannes@aol.com';  'lgurick@calpx.com';
'woodrujb@sce.com'; 'gbarnes@sempra.com';
'furutanj@efawest.navfac.navy.mil'; 'bfinkelstein@turn.org'; Chamberlain,
Michael; 'dgrueneich@gralegal.com'; 'ek@a-klaw.com'; 'ktilton@gralegal.com';
'lys@a-klaw.com'; 'imoosen@gralegal.com'; 'alr4@pge.com';
'bcragg@gmssr.com';  'jsqueri@gmssr.com'; 'bloomje@la.whitecase.com';
'jkarp@whitecase.com';  'jkarp@whitecase.com'; 'edwardoneill@dwt.com';
'lindseyhowdowning@dwt.com';  'stevegreenwald@dwt.com';
'ssmyers@worldnet.att.net';  'tomb@crossborderenergy.com';
'pmcdonne@wenet.net'; 'jcrossen@apx.com';  'tridam@mlode.com';
'plenv01@northcoast.com'; 'dkk@eslawfirm.com';  'bellery@spi-ind.com';
'mpa@a-klaw.com'; 'dws@keywaycorp.com';  'vwatkins@pira.com';
'jheckdoyle@aol.com'; 'crochlin@socalgas.com';  'ewheless@lacsd.org.';
'douglass@arterhadden.com'; 'cristina.robinson@sce.com';  'jleslie@luce.com';
'edward.c.ryan@monsanto.com'; 'robert.turner@cmenergy.com';
'ewills@globalfrontiers.com'; 'daipm@daioildale.com'; 'rboyd@enron.com';
'ed@apx.com'; 'kjo5@pge.com'; 'kfreeman@sempra.com'; 'aod@newsdata.com';
'maclean@sf.whitecase.com'; 'gray.calvert@enron.com';
'mark.fillinger@enron.com'; 'alexm@calpine.com'; 'billw@calpine.com';
'rjszymanski@powerworksinc.com'; 'steve.huhman@southernenergy.com';
'rbw@mrwassoc.com'; 'difellman@energy-law-group.com';
'rschmidt@bartlewells.com'; 'rmccann@cal.net'; 'blaising@braunlegal.com';
'twetzel@thermoecotek.com'; 'abb@eslawfirm.com'; 'etiedemann@kmtg.com';
'steve_ponder@fpl.com'; 'dbranchcomb@hesinet.com'; Stevens, Maria E.;
DeBerry,  Bruce; Farrar, Darwin; Quan, Edwin; Wilson, Gregory A.; Loewen,
James; Cooke,  Michelle; Sabino, Pearlie Z.; Ross, Steve; Campbell, Rod;
'jhoffsis@energy.state.ca.us'; Weissman, Steve
Subject: Final Report  on Workshop Report to Discuss Alternative Gas Indice s

Attached is an electronic copy of the Final Workshop  Report.? The electronic
version does not contain appendices.

I am also sending out today via U.S. Mail a paper  copy which does include
appendices.

The Commission will soon be issuing a ruling  regarding follow-up steps to
this report.

--James Loewen
415-703-1866

<<Workshop Report 5-01-01  email.doc>>

 - Workshop Report 5-01-01 email.doc


---------------------- Forwarded by V Charles Weldon/HOU/ECT on 12/19/2000
10:56 AM ---------------------------

Kristin Gandy@ENRON
12/18/2000 11:36 AM
To: Niraj.parikh@bus.utexas.edu, Monique.salazar@bus.utexas.edu,
todd.preheim@bus.utexas.edu, Jonathan.mueller@bus.utexas.edu,
Roman.stephens@bus.utexas.edu, Nadeem.abullah@bus.utexas.edu,
scott.conner@bus.utexas.edu, tom.dalton@bus.utexas.edu,
jacee.burnes@bus.utexas.edu
cc:  (bcc: V Charles Weldon/HOU/ECT)
Subject: Offer Letter Revisions

Hello UT Candidates,

As most of you have already heard unfortunately Becky Bruce is no longer with
Enron.  My name is Kristin Gandy and I will be taken over recruiting for UT.
I wanted to send you a quick email to let you know about some changes we are
making.

Attached please find a document with information containing Enron's offer
letter revisions.  Have a wonderful holiday season and I hope to hear from
you soon.

Please contact me at 713-345-3214 if you have any questions.

Thank you,

Kristin Gandy
Associate Recruiter


----- Forwarded by Jeff Dasovich/NA/Enron on 03/30/2001 06:41 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/30/2001 01:31 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
<trusso@mcnallytemple.com>, <sadlersa@earthlink.net>, <mstultz@epsa.org>,
<rtemple@mcnallytemple.com>, <tracy.fairchild@edelman.com>,
<megan.beiser@edelman.com>, <deborah.fiorito@dynegy.com>, <lchurch@epsa.org>,
Katie Kaplan <kaplan@iepa.com>, <tcwillia@duke-energy.com>,
<rwhyde@duke-energy.com>
		 cc:
		 Subject: Commerce Committee Letter

FYI, if you haven't already seen this, Congressional Democrats on the
Commerce Committee are leading an effort to send the attached letter to
President Bush.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

______________________________________________________________________________
____
>     The Californian Members of the Energy and Commerce Committee, Reps.
> Waxman, Eshoo, Capps, and Harman would like to encourage the Caucus to
> sign the attached letter to the President urging the President to
> intervene at FERC.  The letter asks the President to support the
> Governor's request regarding wholesale electricity sales this summer and
> to investigate recent allegations of overcharges.
>
>                         March 29, 2001
>
>     The Honorable George W. Bush
>     The President
>     The White House
>     Washington, DC
>
>     Dear Mr. President:
>
>         We are writing because our constituents and millions of
> Americans across the West need your intervention at the Federal Energy
> Regulatory Commission (FERC) in order to address serious problems with the
> Western energy market.
>
>         As you know, California has been experiencing an electricity
> crisis that has resulted in blackouts throughout the state, inconvenienced
> millions of citizens and businesses, and disrupted the state's and
> region's economy.  Indeed, this crisis seriously threatens to cause
> long-term damage to the economy of California, the Western region, and
> perhaps the entire country.
>
>         The crisis is the result of a dysfunctional energy market
> where wholesale prices of electricity have spiked exorbitantly.  For
> example, wholesale prices on December 15, 2000, ranged from $429 per Mwh
> to $565 per Mwh, compared to prices from $12 per Mwh to $29 per Mwh one
> year earlier.  Wholesale prices have jumped as high as $1400 per Mwh.  In
> fact, the California Independent System Operator (ISO), the state's power
> grid operator, has projected that electricity which cost $7 billion in
> 1999 will cost $70 billion this year.  These skyrocketing prices can only
> partly be explained by natural gas price increases and increased energy
> demand.
>
>         These exorbitant price spikes have led FERC Commissioner
> William L. Massey to state on February 8, 2001:
>
>         These high prices serve only to continue a massive wealth
> transfer out of the region.  Is it worth dragging down an entire regional
> economy, or perhaps even the national economy, for the theoretical purity
> of unfettered price signals?  I say no.  I call on my fellow commissioners
> to consider a time out now.  It's our statutory obligation. . . .  FERC's
> timidity  and hands-off approach is eroding consumer confidence and
> destroying the consensus that heretofore supported a market based
> approach.
>
>
>         The dysfunctional nature of the market has apparently
> allowed it to be manipulated.  The California ISO last week presented FERC
> with findings of a comprehensive study of pricing data in California's
> wholesale electricity market over the last 10 months.  According to the
> Los Angeles Times, the ISO's study found "evidence of market manipulation
> and consistent patterns of bidding far above costs" and that "suppliers
> commonly offered electricity at twice their costs."  The ISO has estimated
> the cost of the potential overcharges between May 2000 and last month are
> high as $6.3 billion.
>
>         Unfortunately, FERC actions have fallen far too short.  To
> date, FERC has not aggressively worked to address market manipulations,
> despite finding last fall that wholesale prices were not "just and
> reasonable."  Nor is FERC apparently willing to seriously consider
> addressing runaway wholesale rates.
>
>         The state of California is taking heroic measures, but this
> is an issue California cannot address alone.  In a February 28, 2001,
> meeting with the California delegation, FERC Chairman Curt Hebert
> confirmed the widespread understanding that the California market is not
> working.  He called the California market "broken," and acknowledged the
> regional problems posed by the market.  Additionally, Chairman Hebert
> stated that "I don't think there is any way California can pull itself out
> of this thing alone."  As Mr. Hebert knows, California has no authority
> over wholesale electricity sales.  These sales fall solely within the
> jurisdiction of the federal government.
>
>         Despite FERC's recognition that California cannot address
> this problem alone, FERC seems unwilling to assist California and the
> West.  FERC's March 9th order sets the arbitrary expectation that unjust
> and unreasonable prices cannot occur in the absence of a Stage 3
> Emergency.  Energy economist Severin Borenstein has stated that this
> expectation "defies economic logic."  The March 9th order is also
> inconsistent with FERC's December 15 order and ignores the fact that when
> market power exists, prices can be unreasonable even when supply is not
> within 1.5% of demand.
>
>         Mr. President, you have the authority to rein in the impacts
> of this dysfunctional market and protect the citizens of California from
> exorbitant wholesale price spikes.  In October 2000, when you were in
> California, you stated, "I believe so strongly that part of this region is
> going to suffer unless you have a president who is willing to tell the
> FERC to do what is right for the consumer."  Now, we are respectfully
> calling upon you to do just that.
>
>         This is not a partisan issue.  At the Western Governors
> Association meeting in early February, eight Western governors -- three
> Democrats and five Republicans -- requested that the Administration
> immediately impose wholesale price caps throughout the region.  Governor
> Davis of California, Governor Kitzhaber of Oregon, and Governor Locke of
> Washington have now reiterated this request to FERC with a short-term
> pragmatic proposal that will preserve adequate incentives to attract
additional generation.
>
>         We believe that electricity generators should make a
> reasonable profit and that these profits should be sufficient to encourage
> the development of needed generation.  Federal action to temporarily
> intervene in California's failed wholesale market can accommodate these
> needs.  Governors Davis, Kitzhaber, and Locke have referenced Commissioner
> Massey's suggestion of a temporary cost-based price cap on spot market
> sales in the Western interconnection, combined with an exemption for new
> generation sources to ensure that new sources of energy are encouraged.
> Such an approach could reinstate consumer confidence in wholesale sales,
> ensure generators receive sufficient market signals, and prevent future
economic hemorrhaging in the West.

        Mr. President, we request that you help protect California's
economy, and indeed that of the Western region and the nation.  Please
support the Governors' request on wholesale rates, investigate the recent
allegations of overcharges, and act to prevent a dysfunctional electricity
market from damaging our constituents and a major engine of the nation's
economy.

                        Sincerely,


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 27759
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/WALC-SRP/MEAD230 - PALOVERDE500//
POINT_OF_RECEIPT = MEAD230
POINT_OF_DELIVERY = PALOVERDE500
SOURCE = presched
SINK = presched
CAPACITY = 60
CAPACITY_REQUESTED = 60
SERVICE_INCREMENT = HOURLY
TS_CLASS = NON-FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = ON_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 01/03/2002
STOP_TIME = 01/03/2002
CEILING_PRICE = 3.50
OFFER_PRICE = 3.50
BID_PRICE = 3.50
PRICE_UNITS = $/MWh
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ =
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = holden.salisbury@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 01/02/2002

TIME_OF_LAST_UPDATE = 01/02/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS =
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


[IMAGE]

Phillip:

Please excuse my oversight is not getting the proforma back to you in a
usable format.? I did not realize that I had selected winmail.dat rather than
sending it as an attachment.?? Then, I did not notice that I had overlooked
your email until today. ??That spread sheet is attached and an updated
proforma will go out to you this evening or tomorrow morning with a timeline.

?

George W. Richards

Creekside Builders, LLC

?
 - image001.jpg
 - image001.jpg
 - SM134 Proforma.xls


FYI:  July 5-6 out of town.


Here is your last chance to sign up for any or all of three Westlaw classes
to learn new features, shortcuts and tips, and enhanced Public Records on
westlaw.com from a custom page on our legal portal
http://legaledge.corp.enron.com/ .  Classes will be given by Michael
Springer, Westlaw Attorney tomorrow (5/31) at EB48C2. Lunch will be provided
by Westlaw.  Please R.S.V.P. to Sylvia Hu x 36775 sylvia.hu@enron.com by
C.O.B. of TODAY.

Free On-Site Training
for
Enron Legal
Where:  Conference Room EB48C2
When:  Thursday, May 31st

Class Schedule:

9:15 to 10:30 - Westlaw.com Functionality
learn shortcuts, tips, and tricks, to improve efficiency and accuracy

10:45 to 12:00 - Public Records Enhancements
see recent improvements in coverage and search-ability

12:15 to 1:30 - New Features on Westlaw.com
experience enhancements such as Table of Contents, Most Cited Cases, and
KeySearch - the Digests on Westlaw

These valuable research tools will be demonstrated by:
Michael C. Springer, JD/MBA
Westlaw Corporate Account Manager

Lunch will be provided by Westlaw.

Please RSVP to Sylvia Hu @ Sylvia_Hu@enron.com, or call 713-853-6775 before
Wed. 5/30.


FYI.  CDWR bond and purchase info.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 06/22/2001
07:44 PM ---------------------------
From: Michael Tribolet/ENRON@enronXgate on 06/22/2001 09:04 AM
To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, Lisa Mellencamp/ENRON@enronXgate
cc:

Subject: DWR presentation (see page 11)


Obviously, Barrett is already working on this. Please coordinate w/ him.
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 11/23/99
01:56 PM ---------------------------

"Barrett H. Reasoner" <Breasoner@Gibbs-Bruns.com> on 11/23/99 01:42:25 PM
To: "'Donald Schultz'" <DSCHULTZ@HOLLANDHART.COM>,
jbarrym@columbiaenergygroup.com, "Barrett H. Reasoner"
<Breasoner@Gibbs-Bruns.com>
cc: latimerc@epenergy.com, bblank@HOLLANDHART.COM, dbrandt@HOLLANDHART.COM,
DDAVIS@HOLLANDHART.COM, ekula@HOLLANDHART.COM, gluchetta@HOLLANDHART.COM,
lgreer@HOLLANDHART.COM, trastello@HOLLANDHART.COM, VARIAS@HOLLANDHART.COM
(bcc: Richard B Sanders/HOU/ECT)
Subject: RE: Procedures for electronic service of process

Don - the draft looks good. My only thought is that we may not need to
require that the posted copies be file stamped. It seems to me that this
requirement could cause some delay. Moreover, the hard copies people get
by ordinary service are not file stamped. Given that my client is
continuing to incur copying costs, I ask that you  try to get this
proposal circulated as quickly as possible. Thanks- Barrett

-----Original Message-----
From: Donald Schultz [mailto:DSCHULTZ@HOLLANDHART.COM]
Sent: Wednesday, November 17, 1999 12:27 AM
To: jbarrym@columbiaenergygroup.com; breasoner@gibbs-bruns.com
Cc: latimerc@epenergy.com; bblank@HOLLANDHART.COM;
dbrandt@HOLLANDHART.COM; DDAVIS@HOLLANDHART.COM;
DSCHULTZ@HOLLANDHART.COM; ekula@HOLLANDHART.COM;
gluchetta@HOLLANDHART.COM; lgreer@HOLLANDHART.COM;
trastello@HOLLANDHART.COM; VARIAS@HOLLANDHART.COM
Subject: Procedures for electronic service of process

Clay, Jay and Barrett,
      The three of you strike me as the best choices to give me feedback
on the attached draft of informal procedures I recommend we propose
to kansas JDT members.   I would appreciate your review and
suggestions.


---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/06/2000
01:36 PM ---------------------------

Patrick Wade
11/01/2000 08:25 AM
To: Mike McConnell/HOU/ECT@ECT, Andy Unverzagt/Enron Communications@Enron
Communications, Brad Blevins/HOU/ECT@ECT
cc: L.NANCE@worldnet.att.net
Subject: SI covers

Thought you might enjoy the past and present


Per your request.

Is the contract supposed to be an off balance sheet contract?  I'm supposed
to be working on the changes necessary to make this one 97-10 compliant, but
I haven't done it yet.  Maybe you will beat me to it, which is fine by me.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/13/2000 12:00
PM ---------------------------

John.Schwartzenburg@enron.com on 10/09/2000 05:41:13 PM
To: Kay.Mann@enron.com
cc:

Subject: Form Contract, Rev Minus 1

Form contract plus exhibits, per request
---------------------- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT
on 10/09/2000 05:40 PM ---------------------------

John Schwartzenburg
09/21/2000 01:57 PM

To:   Peter Nassab/Corp/Enron@Enron, Larry Bishop/NA/Enron@Enron, John G
      Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Roberto
      Sevitz/NA/Enron@Enron, David K
      Bargainer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
      Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Angie
      Chappell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject:  Form Contract, Rev Minus 1

Here's the next to last iteration of the form contract before we christen
it officially "FORM 2000 - Rev. 00",clean and compared. John R will need to
take this, diddle with it,  and use the product PDQ for a couple of crisis
applications, but before it becomed and gets advertized as "Form 2000" I
woanted to collect  last comments from you guys and get some fine tuning
from  our litigation mangers  onthe arbitration and dispute resoluton
materials, which is to be on my desk by the end of the day.
Because of Johnnie's urgencies, I did not have the chance to pretty up
format and section and page numbers, please forgive. We will get it next
time.

You guys also have the un-revised draft exhibits. I think Rigby was to
revise to try and revise them to fit  the form - I await the draft exhibits
withbaited breath.

Please collect your thoughts and we we schedule a time to get tehm in.

Angie, please print both attachemenst and this e-mail for me.

(See attached file: ENRON EPC-0921-rev0-1.doc)

(See attached file: ENRON EPC - 0921 REV0-1 CMP.DOC)

 - ENRON EPC-0921-rev0-1.doc
 - ENRON EPC - 0921 REV0-1 CMP.DOC


572988, jeff r

broker shows this deal twice.

thanks


The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=09/05/2001>, published as of 09/05/2001 is now available for viewing on the website.


This is the October regulatory highlights memo.  Please forward to whomever
could use it.  Thanks.

----- Forwarded by Carol Benter/HOU/NorthAmerica/MCKINSEY on 12/04/2000
10:32 AM -----

                    Jim O'Reilly
                    11/20/2000           To:     Alan
                    05:25 PM
FitzGerald/NYO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Mohan

Giridharadas/ATL/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Ken
Ostrowski/ATL/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jack
Welch/BOS/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Christoph
Grobbel/COL/Europe/MCKINSEY@MCKINSEY,
                                         David
Becker/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Gerhard
Bette/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Steve
Coley/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Bob
Frei/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Bernard
Loyd/CHI/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Tim
Chapman/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Sandy
Kennedy/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Rob
Latoff/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Luis
Troyano/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         John
Warner/CLE/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Bill
Barnett/DAL/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jim

Humrichouse/DAL/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Robert
Musslewhite/AMS/Europe/MCKINSEY@MCKINSEY,
                                         Brian
Tulloh/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Carol B
White/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Gary
Farha/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Stephanie

Hayes/BOS/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Thomas-Olivier

Leautier/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Sally
Lindsay/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Linda

Mansfield/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Hans
Miller/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jessica

O'Connor-Petts/DCO/NorthAmerica/MCKINSEY@MCKINSEY
                                         , Paul

Parfomak/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Thomas
Read/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Trudy
Scott/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Pru
Sheppard/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Les
Silverman/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Marcelino

Susas/DCO/NorthAmerica/MCKINSEY@MCKINSEY, B.
                                         Venki Venkateshwara@MCKINSEY, Joan

Westmoreland/DCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Thomas
Vahlenkamp/DUS/Europe/MCKINSEY@MCKINSEY,
                                         George

Appling/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Joe

Avila/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Leonhard
Birnbaum/DUS/Europe/MCKINSEY@MCKINSEY,
                                         Tim
Bleakley/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         John
Bookout/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jim
Bowen/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Barbara

Fletcher/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Rahul
Gujral/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Francis

Hodsoll/NCO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Barbara
House/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Zeynep Iber

Young/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Mike

Juden/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Jatin

Kakkar/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Gerald

Klenner/VIE/Europe/MCKINSEY@MCKINSEY, Dan

Loflin/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Carolyn
Loos/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Girish
Nair/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Sesha
Narayan/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Suzanne

Nimocks/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Marko

Schulz/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Jianghong

Wang/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Renee

Foster/NYO/NorthAmerica/MCKINSEY@MCKINSEY, Jeff

Long/LAN/NorthAmerica/MCKINSEY@MCKINSEY, Dennis

Woodside/LAN/NorthAmerica/MCKINSEY@Mckinsey,
                                         Parke

Boneysteele/SFO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         dave.gee@pge-corp.com, Jennifer

Midura/LON/Europe/MCKINSEY@MCKINSEY, Ashutosh

Shastri/LON/Europe/MCKINSEY@MCKINSEY, Jorge

Alarcon/MAD/Europe/MCKINSEY@MCKINSEY, Nicolas

Borges/MAD/Europe/MCKINSEY@MCKINSEY, Enrique de

Leyva/MAD/Europe/MCKINSEY@MCKINSEY, German

Dominguez/MAD/Europe/MCKINSEY@MCKINSEY, Scott

Graham/LON/Europe/MCKINSEY@MCKINSEY, Jack

Dempsey/MIN/NorthAmerica/MCKINSEY@MCKINSEY, Jose
                                         Federico

Castillo/MEX/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Alejandro

Diaz/MEX/NorthAmerica/MCKINSEY@MCKINSEY, Bernard

Minkow/MAD/Europe/MCKINSEY@MCKINSEY, Antonio

Puron/MEX/NorthAmerica/MCKINSEY@MCKINSEY, Dan

Hurdle/PNW/NorthAmerica/MCKINSEY@MCKINSEY, Atul

Kanagat/PNW/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Andrew

Hertneky/PIT/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Vijay
Gosula/SAO/SouthAmerica/MCKINSEY@MCKINSEY,
                                         Andre
Lima/RJO/SouthAmerica/MCKINSEY@MCKINSEY,
                                         Rodrigo

Rasera/SAO/SouthAmerica/MCKINSEY@MCKINSEY, Zander

Arkin/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Paul

Jansen/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Jim

Robb/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Matt

Rogers/SFO/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Cecilia
Bergman/STO/Europe/MCKINSEY@MCKINSEY, Per

Lekander/STO/Europe/MCKINSEY@MCKINSEY, Tsun-yan
                                         Hsieh/SIN/Asia/MCKINSEY@MCKINSEY,
Paul

LeBrun/TOR/NorthAmerica/MCKINSEY@MCKINSEY, Gerrit
                                         van
Geyn/TOR/NorthAmerica/MCKINSEY@Mckinsey, Bob

Edwards/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Jeff

Walker/DAL/NorthAmerica/MCKINSEY@MCKINSEY, Paul

Kolter/DCO/NorthAmerica/MCKINSEY@MCKINSEY, Tommy

Inglesby/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Brian
Swain/HOU/NorthAmerica/MCKINSEY@MCKINSEY,
                                         Brad Van

Tassel/HOU/NorthAmerica/MCKINSEY@MCKINSEY, Elyse

Wilson/NCO/NorthAmerica/MCKINSEY@Mckinsey, Rogene

McCoy/SYD/Australia/MCKINSEY@MCKINSEY, Victor

Perez/SFO/NorthAmerica/MCKINSEY@MCKINSEY, Marina

Ospina/DCO/NorthAmerica/MCKINSEY@MCKINSEY, Salim

Maherali/DEL/Asia/MCKINSEY@Mckinsey, Suresh

Mustapha/TOR/NorthAmerica/MCKINSEY@Mckinsey,
                                         Fawad
Quraishi/TOR/NorthAmerica/MCKINSEY@Mckinsey
                                         cc:
                                         Subject:     Regulatory update

Attached is the latest regulatory update.  Please let me know if you would
like any additional information.
(See attached file: Oct00.doc)(See attached file: Oct00Exh.ppt)

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+
(See attached file: Oct00.doc)
(See attached file: Oct00Exh.ppt)
 - Oct00.doc
 - Oct00Exh.ppt


Here is a revised CA with CINergy.  They also sent a clean version thinking
that we might not have any changes other than what we had before.  I am still
trying to talk to Jeff about paragraghs #5 and #6.  Thanks
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 05/12/2000
03:29 PM ---------------------------

jvennemann@Cinergy.com@Cinergy.com on 05/12/2000 03:20:16 PM
Sent by: kkennedy@Cinergy.com
To: benjamin.rogers@enron.com
cc: mcyrus@Cinergy.com
Subject: Confidentiality Agreement

Ben, thanks for getting back so quickly with comments on the Confidentiality
Agreement.  Attached is a revised draft of the agreement blacklined from the
May 10 draft to show the changes you and I discussed and some slight
modification to address the concern I expressed to you.

I am enclosing a clean version of the blacklined agreement.  If the changes
are acceptable, please print out two originals for execution by ENA and
overnight to me for execution by Cinergy.  Please call me if you have any
questions or comments.
 <<Confidentiality Agreement between Enron North America Corp and Cinergy
Services Inc..DOC>>  <<Confidential AGrement with Enron which was sent to
Ben Rogers on 51200  - this version is a clean version accepting all
blacklined changes from 59437v3.DOC>>

 - Confidentiality Agreement between Enron North America Corp and Cinergy
Services Inc..DOC
 - Confidential AGrement with Enron which was sent to Ben Rogers on 51200  -
this version is a clean version accepting all blacklined changes from
59437v3.DOC


---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/27/2001
09:42 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 03/27/2001 08:25 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--3/27/01


Consider me reminded.  Thank you.

 -----Original Message-----
From: 	Dernehl, Ginger
Sent:	Monday, October 01, 2001 10:09 AM
To:	Steffes, James D.; Yoho, Lisa; Nord, Sue; Robertson, Linda; Migden, Janine; Montovano, Steve; Hemstock, Robert; Kaufman, Paul; Ryall, Jean; Assad, Sergio; Kingerski, Harry; Ibrahim, Amr; Dasovich, Jeff; Nicolay, Christi L.; Novosel, Sarah; Linnell, Elizabeth; Petrochko, Mona L.
Cc:	Dernehl, Ginger; Noske, Linda J.; Warner, Geriann; Sullivan, Lora; Knight, Laurie; Bellas, Kirsten; Sietzema, Linda; Hunter, Bevin; Braz, Gisele; Buerger, Rubena; Stransky, Joan; Alamo, Joseph; Hawkins, Bernadette; Perez, Carmen
Subject:	Reminder:Direct Report Mtg in November

REMNDER!!!!!!!

The next "Budget/Priority" Meeting will take place as follows:

Dates:		Arrive evening of Wednesday, Nov. 7, 2001
		Meeting Thursday, Nov. 8, 2001 --- 8:00 AM - 1:00 PM
		Meeting Friday, Nov. 9, 2001--- 8:00 AM - 3:00 PM

Location:	The Broadmoor
		One Lake Avenue
		Colorado Springs, CO 80906
		719-634-7711

Thanks and please call if you have any questions.

Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160


Vince:

I did get the proposal out today, but after close of business your time.
Sorry for the brief delay.  You will find two attachments.  The first is our
time and materials contract, which will need to be executed if you want to
do the test project.  The second is an addendum to that time and materials
contract under Section H, which allows for specific work statements to amend
and supersede the general consulting agreement.  The general consulting
agreement (termsandconditions.doc) contains all the confidentiality, billing
rate, and other provisions that your contract people will probably want and
provides a general framework for doing business.  The work statement
(testproject.doc) contains the specific provisions for our standard weeklong
onsite test project.

I hope we get the opportunity to serve you and ultimately to make
MarketPoint available to you.  In light of the contiguity to the holidays, I
dont think it would be realistic to try to schedule this test project before
then, probably from your perpsective as well as ours.  Let's think about
doing it the first opportunity in January if you decide to go forward if
that is OK with you.

All the best.
Dale

 - testproject.doc
 - termsandconditions.doc


TODAY'S HEADLINES
The New York Times on the Web
Thursday, December 6, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

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QUOTE OF THE DAY
=========================
"I feel him kicking and I feel happy and then I feel sad."
-PAULINA DEL CARMEN CARDONA, on her baby, due four months after her husband, Jose, was
killed at the World Trade Center.

http://www.nytimes.com/2001/12/05/nyregion/05BABI.html?todaysheadlines

NATIONAL
=========================
Justice Dept. Bars Use of Gun Checks in Terror Inquiry

The Justice Department has refused to let the F.B.I. check
its records to determine whether any people detained after
the Sept. 11 attacks had bought guns.
http://www.nytimes.com/2001/12/06/national/06GUNS.html?todaysheadlines

-----

Man Is Arrested in Threats Mailed to Abortion Clinics

The fugitive sought in a nationwide wave of hundreds of
anthrax threats against abortion clinics, was arrested by
federal agents after an employee at a photocopy store
recognized him.
http://www.nytimes.com/2001/12/06/national/06HOAX.html?todaysheadlines

-----

Robertson Resigns From Christian Coalition

Pat Robertson, the widely televised evangelist, resigned as
president of the Christian Coalition, the grass-roots
organization he made one of the most powerful political
forces in the country.
http://www.nytimes.com/2001/12/06/national/06CHRI.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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http://ads.nyt.com/th.ad/th-audible94/audibletext12.6.html/?_RM_REDIR_=http://www.audible.com/nyt/special31
\---------------------------------------------------------/

INTERNATIONAL
=========================
Bin Laden Hunted in Caves; Errant U.S. Bomb Kills 3 G.I.'s

Opposition forces closed in on the last Al Qaeda stronghold
in eastern Afghanistan, while  intensified combat in the
south led to the deaths of three American soldiers.
http://www.nytimes.com/2001/12/06/international/asia/06MILI.html?todaysheadlines

-----

A New Mideast Battle: Arafat vs. Hamas

After 14 months of conflict, the radical group Hamas has
gathered such strength that it has as much claim as Yasir
Arafat to represent the Palestinian mainstream.
http://www.nytimes.com/2001/12/06/international/middleeast/06HAMA.html?todaysheadlines

-----

As Refugees Suffer, Supplies Sit Unused Near Afghan Border

Victims of war and three years of crippling drought, the
people of Afghanistan are at the end of their endurance,
aid officials say.
http://www.nytimes.com/2001/12/06/international/asia/06REFU.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
AOL Time Warner Gets a New Chief as Levin Departs

The chief executive of the world's biggest media company,
AOL Time Warner, surprised his company and   his industry
by announcing that he would retire in May.
http://www.nytimes.com/2001/12/06/business/media/06AOL.html?todaysheadlines

-----

Surge in Stocks Arouses Visions of a New Bull Market

Stocks shot sharply higher Wednesday on growing optimism
that the economy would quickly rebound. Are millions of
investors are jumping to a conclusion too soon?
http://www.nytimes.com/2001/12/06/business/06PLAC.html?todaysheadlines

-----

Enron Paid Out 'Retention' Bonuses Before Bankruptcy Filing

Just days before Enron filed for bankruptcy and laid off
4,000 people, it paid out $55 million in bonuses to about
500 employees.
http://www.nytimes.com/2001/12/06/business/06ENRO.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Levin to Retire as Chief Executive of AOL Time Warner

AOL Time Warner said that its chief, Gerald Levin, will
retire in May and would be succeeded by Richard Parsons,
the company's co-chief operating officer.
http://www.nytimes.com/2001/12/05/business/media/05CND-AOL.html?todaysheadlines

-----

The Web Turns Conversation Into a Trivia Contest

Trivia debates are now easily and definitively settled with
the help of the Web.
http://www.nytimes.com/2001/12/06/technology/circuits/06FACT.html?todaysheadlines

-----

Sizing Up Camcorders Made Small

This year, JVC, Canon and Sony introduced spectacularly tiny
camcorders, but those who buy them must make some severe
compromises.
http://www.nytimes.com/2001/12/06/technology/circuits/06STAT.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
War on Terrorism Brings Plan to Cut Smithsonian Financing

In a sign of its intention to pare spending  to   pay for
the war on terrorism, the Bush administration has proposed
substantial cuts in the Smithsonian Institution's budget.
http://www.nytimes.com/2001/12/06/politics/06SPEN.html?todaysheadlines

-----

Vote on Spending Bill Is Risky for Republicans

President Bush threatened to veto a military spending bill
if it included money he had not sought.
http://www.nytimes.com/2001/12/06/politics/06CONG.html?todaysheadlines

-----

$25 Billion to Aid the Jobless Is Backed by House G.O.P.
Leaders

House Republican leaders offered to spend about $25 billion
to aid the unemployed as major issues before Congress
merged in furious end-of-session horse trading.
http://www.nytimes.com/2001/12/06/politics/06TRAD.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Baseball Teams Lost Half a Billion, Selig Says

Major League Baseball will claim that it lost more than a
half-billion dollars last season in a report that
Commissioner Bud Selig will unveil in testimony before the
House Judiciary Committee on Thursday.
http://www.nytimes.com/2001/12/06/sports/baseball/06BASE.html?todaysheadlines

-----

Kidd Gets First Laugh in Marbury's Return

Jason Kidd outplayed the player he was traded for last
summer, the Suns' point guard Stephon Marbury, and lifted
the Nets to an exultant romp over Phoenix.
http://www.nytimes.com/2001/12/06/sports/basketball/06NETS.html?todaysheadlines

-----

Tennessee's Defense Uses Element of Surprise

With a new defensive strategy called Prowler, Tennessee
sowed fresh confusion and reaped new success at Florida
last week.
http://www.nytimes.com/2001/12/06/sports/ncaafootball/06COLL.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Looking for the Light in Cabaret Songs

Pop standards evoke a comforting continuity between now and
then, an assurance that in a climate overwhelmingly devoted
to disposable   novelty, some things are made to last.
http://www.nytimes.com/2001/12/06/arts/music/06CABA.html?todaysheadlines

-----

How van Gogh Would've Painted, if He'd Been on TV

"Rolf on Art" is an idiosyncratic BBC series that is as much
about its host, a jovial Australian with a triangular
beard, as it is about the artists he discusses.
http://www.nytimes.com/2001/12/06/arts/television/06ARTS.html?todaysheadlines

-----

De Niro Plans a Film Festival in TriBeCa

Robert De Niro and the film producer Jane Rosenthal say they
intend to bring some economic and emotional relief to the
beleaguered southern tip of Manhattan.
http://www.nytimes.com/2001/12/06/movies/06FEST.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
Ex-Chief of Sotheby's Is Convicted of Price Fixing

A. Alfred Taubman, principal owner of Sotheby's, was
convicted of conspiring with rival Christie's to fix fees
charged to auction house sellers.
http://www.nytimes.com/2001/12/06/arts/06SOTH.html?todaysheadlines

-----

Indictments Name 73 Linked to the Genovese Crime Family

Federal prosecutors announced sweeping indictments of dozens
of people they called leaders and associates of the
Genovese crime family.
http://www.nytimes.com/2001/12/06/nyregion/06MOB.html?todaysheadlines

-----

Private Security's Gain Is Public Safety's Loss, Police Say

In increasing numbers, the New York Police Department is
losing personnel to the private security industry.
http://www.nytimes.com/2001/12/06/nyregion/06SECU.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
'Voices of Negativism'
By WILLIAM SAFIRE
Military tribunals are beginning to be recognized by cooler
heads in the White House, Defense department and C.I.A. as
more than a bit   excessive.
http://www.nytimes.com/2001/12/06/opinion/06SAFI.html?todaysheadlines

-----

Yesterday
By BOB HERBERT
George was only 58 when he died,   still a young man, which
tells me that   1964 was both a long time ago and   only
yesterday.
http://www.nytimes.com/2001/12/06/opinion/06HERB.html?todaysheadlines

-----

Rooting Out Terrorists Just Became Harder
By JAMES ORENSTEIN
Military tribunals may actually make it harder to prevent
and punish terrorism.
http://www.nytimes.com/2001/12/06/opinion/06OREN.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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----- Forwarded by Richard B Sanders/HOU/ECT on 05/23/2000 11:31 AM -----

	"Radack, Judge Sherry (DCA)" <Radack@DCA.CO.HARRIS.TX.US>
	05/23/2000 10:59 AM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>
		 cc:
		 Subject: FW: Divorce Lawyer

Please  destroy.? This is extremely confidential.
-----Original Message-----
From: Guzman, Judge Eva (DCA)
Sent: Tuesday, May 23, 2000 9:17 AM
To: Radack, Judge  Sherry (DCA)
Subject: RE: Divorce Lawyer

Hi, these are  some suggestions, if you have any questions, please call me.?
Please don't  pass along my comments.? Thanks.????
?
Patsy Wicoff? - property * - expensive
?
Bucky  Allshouse* -? both? - expensive
?
Ellen  Grimes?- property *?
?
Wally Mahoney  ** Custody very good - not as expensive
?
Dennis Kelly *  - custody very good also property -
?
Joan Jenkins**  - excellent on both ** expensive
?
Is this custody  or property or both.......
?
?
-----Original Message-----
From: Radack, Judge Sherry (DCA)
Sent: Monday, May 22, 2000 7:38 AM
To: Guzman, Judge Eva  (DCA)
Subject: Divorce Lawyer

I need a referal to  oppose Susan Myers.? Evidently she is very aggressive
and in this case,  it is empowering the husband, the opponent.? Any ideas.?
She has  limited resources but can pay.?


I'm writing on behalf of Jeff Skilling (who, by the way, has really enjoyed
the old pictures being e-mailed back and forth).  He has asked me to find out
what the schedule of events is for the SMU Homecoming October 27-29.  He's
unable to attend any events on the evening of Saturday, October 28, as he
will be at the wedding of a very good friend; however, if there are events
scheduled outside of that time, he would very much like to be there.

Can you provide this information or pass me on to whomever can?  Any
assistance is greatly appreciated.

Regards,
Sherri Sera
Assistant to Jeff Skilling
713.853.5984
713.646.8381 (fax)
sherri.sera@enron.com


Thanks (as usual).
Best,
Jeff

	Eric Letke@EES
	03/20/2001 04:31 PM

		 To: Marty Sunde/HOU/EES@EES
		 cc: Jeff Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Greg
Sharp/HOU/EES@EES
		 Subject: Re: Follow up with Alpert's Office

I talked with Hedy (sp?) Govenar this afternoon.  Two developments:  1.)
"Noise" from Ms. Alpert's office has stopped.  We believe initial reports
from Staff may have been overstated.  2.)  Decisions on Enron's proposed
amendments are due today.  Timing wouldn't not be right for a discussion with
me.

Action:  Hedy is aware of the situation and has asked Staff to tell her of
any more occurrences.  Hedy has my number and will be in touch with any
reports, at which time we will take action.  For now, we will let the "dog"
sleep and lie.
---------------------- Forwarded by Eric Letke/DUB/EES on 03/20/2001 04:20 PM
---------------------------

	Enron Energy Services

	From:  Marty Sunde                           03/20/2001 09:25 AM
	Phone No: 713 853-7797 Phone
  888-953-9478 SkyTel Pager
  EB 889

To: Jeff Dasovich/NA/Enron@Enron, Eric Letke/DUB/EES@EES, Sandra
McCubbin/NA/Enron@Enron
cc:
Subject: Re: Follow up with Alpert's Office

Jeff and Eric,
I have NO problem trying to get letters for support of Direct Access.  Eric,
if we can get those to support Jeff and Sandi, this is wonderful.

Also, I had asked Eric to check with Alpert's office to register our follow
on phone number and offer to try to correct the aggravated customers.  Eric,
if you can provide a status on all of these as you make progress, that's
appreciated.
---------------------- Forwarded by Marty Sunde/HOU/EES on 03/20/2001 09:13
AM ---------------------------
From: Jeff Dasovich@ENRON on 03/19/2001 07:57 PM
Sent by: Jeff Dasovich@ENRON
To: Marty Sunde/HOU/EES@EES
cc: Eric Letke/DUB/EES@EES, Heidi Messick/EFS/EES@EES, Sandra
McCubbin/NA/Enron@ENRON
Subject: Re: Follow up with Alpert's Office

Marty:  Thanks for the information.

Getting Eric's contact information to Alpert's office is in motion.
Regarding attempt to follow-up with those who called Alpert's office to
complain, I wasn't clear on that action.  Likely makes sense for Eric to
coordinate with Sandi to make the contact with Alpert's office.
Letters are an attempt to influence Alpert to 1) fix the Direct Access
prohibition and 2) ensure that DA customers don't get saddled with the DWR
costs.

Let me know if this approach works.

Best,
Jeff

	Marty Sunde@EES
	03/19/2001 07:02 PM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Eric Letke/DUB/EES@EES, Heidi Messick/EFS/EES@EES, Sandra
McCubbin/NA/Enron@Enron
		 Subject: Re: Follow up with Alpert's Office

All I asked Eric to do was:
ensure that there was an Enron contact if another complaint came in.
find out from Alpert's office if we could call back a few of those who called
to complain to find out what they perceived, correct the misperception,
apologize.

From: Jeff Dasovich@ENRON on 03/19/2001 04:20 PM
Sent by: Jeff Dasovich@ENRON
To: Scott Govenar <sgovenar@govadv.com>, Eric Letke/DUB/EES@EES, Sandra
McCubbin/NA/Enron@Enron, hgovenar@govadv.com, Susan J Mara/NA/Enron@ENRON,
mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, Janel
Guerrero/Corp/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, MDay@GMSSR.com, ken@kdscommunications.com, Marty
Sunde/HOU/EES@EES
cc:
Subject: Follow up with Alpert's Office

Thanks, Scott.

Scott/Hedy/Sandi/Bev:  Erik Letke heads up the retail marketing effort
underway in San Diego.  Marty Sunde wants Alpert to have an EES commercial
contact that she can talk to in the event she has further questions, etc.,
He'd like Erki to be the contact person.  Erik could you copy your vitals
(title, contact info) to Scott and Hedy Govenar and Sandi McCubbin so they
can forward along to Alpert?

Erik, seems that it would be useful if the customer letters to Alpert could
make the following points (folks please weigh in and add/subtract/modify if
needed):

The customer's glad to have had the option to take Direct Access service from
Enron because having the opportunity to take advantage of the offer has made
the customer better off.
Direct Access is an extremely important option that customers need, want and
should have going forward.
Any "solution" that the Legislature comes up with must therefore include the
continuation of Direct Access for all customers.
As such, the Legislature should immediately fix AB 1X to make sure that
Direct Access remains a permanent fixture of California's energy strategy.
Direct Access customers should not be forced to pay for DWR's power purchase
costs, since Direct Access customers aren't benefitting from those purchases.

Best,
Jeff

	Scott Govenar <sgovenar@govadv.com>
	03/19/2001 04:01 PM

		 To: Jeff Dasovich <jdasovic@enron.com>
		 cc:
		 Subject: Dede

As discussed, customers should send letters to Dede as follows:

The Honrable Dede Alpert
California State Senate
State Capitol, Room 5050
Sacramento, CA 95814

Interested companies should copy:  "Honorable Members of the California
State Legislature" and fax or mail me a copy for further distribution.
My fax is (916) 448-0816 and my address is 1127 11th Street, Suite #400,
Sacramento, CA 95814.

Scott


TAKING A HARD LINE
PG&E Insists ratepayers pick up $3 billion tab for deregulated electricity
David Lazarus, Chronicle Staff Writer
Friday,?October 27, 2000
,2000 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2000/10/27/B
U47723.DTL&type=business

San Francisco's Pacific Gas and Electric Co. plans to come out with guns
blazing today when it makes its case to state regulators for why ratepayers
should be saddled with about $3 billion in unforeseen power costs.
But while the utility insists it is guided first and foremost by a sense of
what is right and fair, the reality is that PG&E is maneuvering with its back
to the wall.
Wall Street, that is.
``No one wants to hold stock in a company that is subsidizing its
customers,'' said Paul Patterson, an analyst at Credit Suisse First Boston in
New York. ``If PG&E has to swallow this $3 billion, investors will run in
droves.''
``The whole idea of Wall Street is to enhance shareholder value,'' agreed
Carol Coale, an analyst at Prudential Securities in Houston. ``PG&E's
management has to be seen to be doing that.''
In documents filed with the California Public Utilities Commission late
Wednesday, the utility said it will not be left ``holding the bag'' for
outstanding electricity costs accrued when wholesale power prices spiked
sharply higher during the summer.
Because of a current rate freeze, the utility has been unable to pass along
those additional costs in monthly power bills. Customers of San Diego Gas &
Electric saw their bills triple this summer after SDG&E became the first
California utility to qualify for an early end to the rate freeze.
A senior PG&E official, requesting anonymity, told The Chronicle yesterday
that there is virtually no room for compromise on whether the company will
swallow even a portion of that $3 billion in unexpected costs.
He said PG&E intends to recoup its expenses either from customers or -- and
this is a longshot -- in the form of refunds from power companies.
``There is a strong feeling here that we have every right to collect every
dime, either from generators or customers,'' the official said. ``We have a
pretty strong leg to stand on, under federal law, to get all of the money
we've had to pay out.''
Analysts were mixed on whether federal law does indeed favor PG&E and fellow
utility Southern California Edison on this question. Some agreed with the
companies that electricity distributors cannot be held accountable for
surging wholesale power prices and that ratepayers must pay for the power
they use.
But others pointed out that electricity customers were told when California's
energy market was deregulated in 1996 that they would be protected by a rate
freeze until early 2002 and that this rate freeze precludes utilities from
passing along any extra charges until that time.
Legal matters aside, no one doubts that the stakes are high for investors
and that this is very much on the minds of PG&E executives as they go into
today's PUC hearing.
``If you're an owner of the stock, you want management to take a position
that minimizes loss,'' said Paul Fremont, an analyst at Jefferies & Co. in
New York.
PG&E's share price dipped 44 cents yesterday to $27.13, still well above its
52-week low of $19.69.
``PG&E has to stick to its guns to maintain financial stability,'' said
Patterson at Credit Suisse First Boston.
Prudential's Coale stressed that shareholders would not take kindly to any
solution that involves a big hit on PG&E's bottom line.
``What shareholders do not want to see is a huge write-down,'' she said.
``You would hope for the solvency of the company that PG&E's management would
care most about shareholders, not ratepayers, at this point.''
That seems to be the case. The senior PG&E official said the only thing the
utility is prepared to negotiate is the length of time ratepayers should be
given to pay off the $3 billion.
He said four years of surcharges atop customers' regular monthly bills is one
possibility but quickly added that PG&E could be flexible on how long the
surcharges are imposed.
``That's where we see room for compromise,'' the official said.
Until recently, the PUC had been unwilling to even discuss whether utility
customers, and not the utilities, should be paying the unforeseen power
costs.
That changed when the commissioners recently agreed to accept a request from
PG&E and Southern California Edison that they revisit the matter. Today's
public hearing is the first step in that process.
For its part, Edison wants to pass along to customers about $2.3 billion in
costs over a five-year span. PUC President Loretta Lynch said commissioners
are trying to keep an open mind about how best to resolve the dispute, which
threatens to explode from a regulatory issue into a political hot potato.
``A lot of folks are pitching a lot of ideas,'' she said. ``No decisions have
been made.''
In fact, a major wild card is what the Federal Energy Regulatory Commission
will do, if anything, to stabilize California's electricity market. The
commission is scheduled to issue a draft report Wednesday outlining its
intentions.
Federal commissioners refused yesterday to discuss the contents of their
draft report, saying only that they have been working hard to determine
whether California's power prices are ``just and reasonable,'' and, if not,
what to do about it.
``The California situation has been incredibly difficult and thought
provoking and time consuming,'' said Commissioner Linda Key Breathitt.
While federal regulators have authority to demand that power generators
refund consumers if found to have illegally manipulated prices, few observers
expect such a harsh step to be taken.
Rather, the commissioners are widely expected to impose new restrictions on
wholesale electricity prices for a limited period of time. California
wholesale prices are now capped at $250 per megawatt.
Ironically, surging wholesale prices could also benefit PG&E customers. The
utility reaps profit from selling power it generates into the wholesale
market and has proposed that revenue from its network of dams and the Diablo
Canyon nuclear power plant be shared in the future with ratepayers.
If such a scheme were to get the green light from the PUC, the senior PG&E
official said this could shave about one-fourth off the $3 billion and
``lessen the pain a little bit'' for ratepayers.
Ultimately, however, the utility will have to convince not just the PUC but
also its customers that passing along billions of dollars in extra charges is
the most appropriate solution.
``It's going to be a difficult sell, public relationswise,'' said Herbert
Hart, an analyst at Redwood Securities Group in San Francisco. ``PG&E just
got done reporting an excellent quarter.''
The utility's parent company, PG&E Corp., reported this week that its
quarterly operating income jumped 34 percent to $248 million (68 cents per
share) from $185 million (50 cents) a year ago.
Whatever else, Hart said, ``it's important to maintain good relations with
your customers.''
E-mail David Lazarus at dlazarus@sfchronicle.com.
,2000 San Francisco Chronicle ?


We are making some progress with the timeliness of London information.  More
to come...
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/27/2000 10:27 AM
---------------------------

Chris Abel
12/18/2000 01:10 PM
To: James New/LON/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Mike
Jordan/LON/ECT@ECT, Michael Benien/Corp/Enron@ENRON, Kenneth
Thibodeaux/NA/Enron@ENRON
Subject: Re: London flash P&L

I appreciate the flash P&L that you are now providing.  That should help
everyone get an early morning picture of what is going on in London.  Have
you had an opportunity to address the need for European VaR numbers at the
same time in the morning?

James New
12/18/2000 01:07 AM
To: Sally Beck/HOU/ECT@ECT, shona wilson, Chris Abel/HOU/ECT@ECT
cc: Mike Jordan/LON/ECT@ECT
Subject: London flash P&L

We in London shall be producing a flash P&L from today Monday the 18th of
December. This will be sent to Shona's group at 1pm London time which
Ibelieve is in good time for the P&L consolidation group.

Any queries please let me know.

James


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/30/2000
11:34 AM ---------------------------

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/30/2000 09:34 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Jeff Skilling does MS150

Vince, thank you so much for your generous pledge.  Please make your check
payable to "National MS Society," and send it to me at EB5008A at your
convenience.  Thanks again, SRS

Vince J Kaminski@ECT
03/30/2000 09:02 AM
To: Sherri Sera/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Jeff Skilling does MS150

Sherri,

I can pledge $2 per mile.

Vince

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/29/2000 11:13 AM

To: J Mark Metts/NA/Enron@Enron, Dolores Fisher/NA/Enron@Enron, Jeffrey
Sherrick/Corp/Enron@Enron, Christina Grow/Corp/Enron@Enron, Kenneth
Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT,
Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Buy/HOU/ECT@ECT,
Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Derrick/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Peggy
Fowler/Enron@Gateway, Mark Frevert/LON/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Ken Harrison/Enron@Gateway, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko/Enron
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, Kurt S
Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Mark
Koenig/Corp/Enron@ENRON, Rebecca P Mark/HOU/AZURIX@AZURIX, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/HOU/ECT@ECT, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, John Sherriff/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, Brenda
Garza-Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcia
Manarin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Skarness/HOU/ECT@ECT,
Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Molly
Bobrow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosane
Fabozzi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Mary
Trosper/Enron@Gateway, Nicki Daw/LON/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Dolly Henrici/Enron@Gateway, Ann
Joyner/Corp/Enron@ENRON, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy Young/Enron
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Sherryl
Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary E
Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen McVicker/HOU/EES@EES,
Joannie Williamson/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@Enron, Marsha
Lindsey/HOU/AZURIX@AZURIX, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Karen
Owens/HOU/EES@EES, Dorothy Dalton/Enron Communications@Enron Communications,
Lauren Urquhart/LON/ECT@ECT, Pam Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Liz M Taylor/HOU/ECT@ECT, Judy G Smith@EES, Katherine Brown/Corp/Enron@ENRON,
Vanessa Groscrand/Corp/Enron@Enron, Cindy Olson/Corp/Enron@ENRON, Bobbie
Power/Corp/Enron@ENRON
cc: Danny McCarty/LON/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Michael
Kopper/HOU/ECT@ECT, John J Lavorato/CAL/ECT@ECT, Jere C Overdyke/HOU/ECT@ECT,
Greg Piper/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Richard
DiMichele/Enron Communications@Enron Communications, Jay
Fitzgerald/Corp/Enron@ENRON, Jim Fallon/HOU/ECT@ECT, Rebecca
Carter/Corp/Enron@ENRON, David Cox/Enron Communications@Enron Communications,
Tom Gros/Enron Communications@Enron Communications, Marty Sunde/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Jim Crowder/Enron Communications@Enron Communications,
Mary Ann Long/Enron Communications@Enron Communications, Charlene
Jackson/Corp/Enron@ENRON, Jeremy Blachman/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Michael Burke/Houston/Eott@Eott, John B
Echols/HOU/EES@EES, Gene Humphrey/HOU/ECT@ECT, Drew C Lynch/HOU/ECT@ECT,
Amanda K Martin/HOU/AZURIX@AZURIX, Ted Murphy/HOU/ECT@ECT, Mark
Palmer/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Berberian/Enron
Communications@Enron Communications, Scott Yeager/Enron Communications@Enron
Communications, Stephen Barth/Enron Communications@Enron Communications, John
Bloomer/Enron Communications@Enron Communications, Kenny Burroughs/Enron
Communications@Enron Communications, Kevin Garland/Enron Communications@Enron
Communications, John Griebling/Enron Communications@Enron Communications,
Kevin Howard/Enron Communications@Enron Communications, Kristina
Mordaunt/Enron Communications@Enron Communications, Everett Plante/Enron
Communications@Enron Communications, David Reece/Enron Communications@Enron
Communications, James Reece/Enron Communications@Enron Communications, Rex
Shelby/Enron Communications@Enron Communications, Claudia Johnson/Enron
Communications@Enron Communications, Kevin Kohnstamm/Enron
Communications@Enron Communications, Steve Luginbill/Enron
Communications@Enron Communications, Jean Mrha/Enron Communications@Enron
Communications, Brad Nebergall/Enron Communications@Enron Communications,
Raymond Bowen/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeff
Donahue/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Brian Redmond/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT
Subject: Jeff Skilling does MS150

Well, the bike is inspected, a few training rides have been made, and the
camping gear is being dusted off (yes, he is actually camping at the
fairgrounds in LaGrange!).  Now all our fearless leader (and incidentally,
the National Multiple Sclerosis Society's 2000 Man of the Year), Jeff
Skilling, needs is your help in raising money for MS.

Enron's MS150 Dream Team is bigger than some townships in these parts - over
350 Enron employees, led by Jeff, will ride from Houston to Austin under the
Enron Flag April 15-16, and the team's goal is to raise $350,000.  I am
challenging (is begging a better word?) each of you to pledge a certain
amount per mile - i.e., $1, $2, $5, it's your call.  I'll even give you a
break on the calculation and use 150 miles, even though Jeff swears it's
closer to 170 miles (you know how he is with numbers).  Of course, a flat
pledge is also appreciated.  And don't forget, Enron will match your pledge
to this very worthy cause 1-1.

I hope you will join the team and help Enron maintain its status as the top
money raiser of all MS150 rides in the NATION!  Thank you for your
consideration.  If you have any questions, please don't hesitate to call me.

Sherri x3-5984


Enron's Image 2000 Video is Now Available

We think you will like Enron's new corporate image video, which can be used
for employees, customers, suppliers, government officials, and other
audiences who want to know about Enron.  The video features Ken Lay, Jeff
Skilling and Joe Sutton who discuss four key business initiatives:
broadband; wholesale energy; energy outsourcing services and EnronOnline.
The look and feel represents our people, culture and new branding.

MooreSource has a large supply of standard VHS (also known as NTSC) copies,
which is the format used in the U.S. and some international locations, and
copies in PAL, which is the format used in the U.K. and in most European
locations.  There also are special PAL formats (PAL-M and PAL-N) available
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You may use the order form below or, for those of you who prefer to order
electronically, you may do so from MooreSource using the following item
numbers.  If you aren't familiar with MooreSource, please go
tohttp://home.enron.com:84/imgctr/ and click on the MooreSource button.
Instructions for ordering will be provided there.   If you have questions
about using MooreSource, contact Michael Shea at 713/853-5418.

Order a copy today.

Item #  Description    Price
43162  Image Video-VHS   $4.25
43163  Image Video-PAL   $8.25
43164  Image Video-PAL/M   $15.00
43165  Image Video-PAL/N   $15.00


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/07/2001
03:35 PM ---------------------------

Zimin Lu
05/07/2001 01:39 PM
To: Stinson Gibner/HOU/ECT@ECT
cc:  (bcc: Vince J Kaminski/HOU/ECT)
Subject: 1 factor HJM for the propane project

Stinson,

Here is the 1 factor HJM model for curve simulation originally designed for
a Coal Plant valuation.

This techniques is useful for all kinds of curves, especially when we
do not have the quality data to estimate other factors. (situations where
only volatility curve is availiable).

Let me know if you have any questions.

Zimin


Don't forget to reserve your spot-

Jen Fraser, Director of Origination in EGM - December 5 from 12 to 1 in 30C1

Call or email Tom Wilbeck.


---------------------- Forwarded by Mark Koenig/Corp/Enron on 10/27/2000
09:46 AM ---------------------------

firstcall.notes@tfn.com on 10/27/2000 01:41:59 PM
To: mark.koenig@enron.com
cc:

Subject: FERC COMMISSIONER HEBERT ADDRESSES ELECTRICITY PRICE CAPS AND OTHER
ENERGY ...

                          FIRST CALL RESEARCH NETWORK

09:56am EST 27-Oct-00 Prudential (C.COALE 713-650-4732) DYN DUK ENE CPN REI
FERC COMMISSIONER HEBERT ADDRESSES ELECTRICITY PRICE CAPS AND OTHER ENERGY ...

FERC COMMISSIONER HEBERT ADDRESSES ELECTRICITY PRICE CAPS AND OTHER ENERGY
POLICY ISSUES AT HOUSTON LUNCHEON

PRUDENTIAL SECURITIES                                   October 27, 2000

SUBJECT: Electric Utilities

----- ANALYST(S) --------------------          -------- OPINION --------
M. Carol Coale   713.650-4732                 Current:Accumulate
David R. Tameron 713.650-4731                 Risk:--

----- HIGHLIGHTS---------------------------------------------------------
1)   On October 26, FERC Commissioner Curt Hebert spoke on "Competition &
America's Energy Policy" to group of Houston industry executives, addressing
the
merits and problems with electricity deregulation.
2)   Commissioner Hebert, the sole Republican, supports a comprehensive energy
policy, renewable fuel use, improved pipeline certification, and flexibility,
but opposes price controls and free market intervention.
3)   Last week, the California ISO called on the FERC to rule on a "market
stabilization plan" that would affectively cap the price electricity at
$100/mWh
unless 70% of the power generated is sold forward within the state.
4)   FERC is expected to address this issue on 11/1, but we do not expect much
involvement until after the presidential elections, particularly given that
the
FERC Commissioners are Presidential appointees.
5)   While we believe FERC's role in the electricity market problems in
California will be limited, any action taken is likely to be "bold, ambitious
and strict", requiring results, but likely would not affect 2001.

----- DISCUSSION---------------------------------------------------------
Energy is one of the leading topics in the approaching general elections and
congressional races, and spiking energy prices have been an area of
contention.
Regional shortages have resulted in spikes in the price of electricity, and
this past summer, hot weather in the western U.S. sent electricity prices
soaring.  In California, where the rate payers served by PG&E and Edison
International are protected under a rate freeze, the higher power costs cannot
be passed on by the electric utilities to the consumer.  In southern
California,
the situation is just the opposite.  Having recovered its stranded investment
costs from its ratepayers, Semipro Energy is charging market rates to
consumers
which are complaining of higher electric bills.  While the government has
intervened by approving price caps on ancillary electric service in the state
and has capped the electric bills of low-income consumers in San Diego, the
state regulators are calling for more government involvement.

In California several proposals are on the table:
1)   A consumer group has called for the "excessive" profits earned by
generators and marketers this past summer to be retroactively refunded to
ratepayers.  .
2)   U.S. Rep. Bob Finer, D-California, introduced a bill to the House that
would create disincentives for power companies to earn profits, imposing a
windfall profits tax on wholesale power sold in the western U.S.
3)   As recently as last night, October 26, the California Independent System
Operator (ISO) implemented an interim measure that imposes hourly price caps
on
generators based on forecasted load and arbitrary heat rates ranging between
negative $100/MWh and positive $250/MWh.  Effective on 11/3, the proposal
essentially shuts down the peaking generation plants which would not be able
to
economically produce power within the state.
4)   California ISO staff has also proposed to impose a "bid" cap on
electricity
of $100/mWh on power generators and marketers in the state that do not comply
with the requirement of selling 70% of their load under forward contracts
within
the state of California.  Compliance with this Market Stabilization Plan means
that spot power will be sold under the existing $250/mWh price cap but
violators
would be subjected to the $100 bid cap.
5)   California plans to require interruptible users of power to extend their
contracts, preventing these end users from switching to firm contracts, thus
ensuring that certain customers can be shut off in the event of a power
shortage.

While we doubt that any of these proposals will be passed in their current
form,
the government is likely to be involved.  The Federal Energy Regulatory
Commission (FERC) has been overseeing the deregulation of the wholesale energy
markets, and has approved price caps in all of the regions that have opened to
competition thus far except for in the Midwest.  As a reminder, the FERC is
made
up of commissioners that are appointed by the reigning President, and
currently
the FERC is made up of three Democrats and one Republican (the other
Republican
commissioner resigned earlier this year).

On Thursday, October 26, 2000, the sole Republican, Commissioner Curt Hebert,
Jr., gave a presentation to members of the Greater Houston Partnership on the
subject of "Competition and America's Energy Policy".  While his opinions are
not necessarily representative of the FERC as a whole, Hebert clearly supports
regulatory flexibility and free markets but is also sensitive to environmental
issues.  He is also vehemently opposed to price controls such as electricity
price caps in New England, New York and California.  Hebert believes that the
recent electricity price spikes in the West this past summer were great market
indicators that electric generation is in short supply, particularly during
periods of hot weather.  In the summer of 1999, the Midwest experienced
similar
price spikes also related to summer heat.  The difference between the two
situations is that the Midwest allowed the market to decide, which responded
with new generation projects, but California imposed price controls on
electricity that have had the affect of discouraging new generation.  Thus,
the
short supply situation in California may just get worse.

The FERC has completed an investigation of the recent electricity price spikes
in California but does not intend to release its findings to the general
public.
  While we believe that the FERC will find a way to help resolve the situation
in that state, any actions would not likely take affect until 2002.  In the
interim, the electric utilities are suffering under a growing burden of
uncollected power purchase costs and are calling on the state regulators to
provide emergency financial relief.  Proposals include a refundable rate
surplus, removal of frozen rates, and/or the deferral of stranded cost
recovery.
  We are doubtful that the FERC will rule on any action prior to the elections
because political considerations may influence their decisions.

Commissioner Hebert indicated that this was an opportunity for the FERC to
send
to the electricity industry a signal on what may make the markets work, and
believe that any plan should be "bold, ambitious and strict" in requiring
results.  Renewable fuels are also likely to be encouraged, although this is
not
necessarily good news for the natural gas industry, and old issues like the
Fuel Use Act and the "Btu" tax may resurface.  Ideally, the FERC would endorse
market pricing and encourage the development of electricity generation and
transmission infrastructure.  However, by doing so, the FERC may be perceived
as
the "bad guy", which may not be ideal image in an election year.  However,
Hebert is hopeful that the FERC will move beyond politics and make the right
regulatory decision for the long term.  The benefits of price controls are
short
term, and those markets under price caps may be disadvantages as the rest of
the U.S. opens to electric competition.

Prudential Securities Incorporated (or one of its affiliates or subsidiaries)
or
its officers, directors, analysts, employees, agents, independent contractors,
or consultants may have positions in securities or commodities referred to
herein and may, as principal or agent, buy and sell such securities or
commodities.
Prudential Securities Incorporated and/or its affiliates or its subsidiaries
have managed or comanaged a public offering of securities for DUK, ENE.
First Call Corporation, a Thomson Financial company.
All rights reserved.  888.558.2500

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