THE ECONOMIC TIMES
Monday, 21 MAy, 2001,http://www.economictimes.com/today/21econ02.htm
MSEB to slap yet another penalty on DPC

THE ECONOMIC TIMES
Monday, 21 MAy, 2001,http://www.economictimes.com/today/21econ04.htm
Dabhol project suffers $400-m cost overruns, Anto T Joseph

BUSINESS STANDARD
Monday, 21 MAy, 2001,http://www.business-standard.com/today/economy7.asp?Menu=3
DPC faces fresh Rs 400-crore penalty

THE FINANCIAL EXPRESS
Monday, 21 MAy, 2001, http://www.financialexpress.com/fe20010521/top3.html
MSEB plans to dispute PTN validity ,   Sanjay Jog

THE FINANCIAL EXPRESS
Monday, 21 MAy, 2001,http://www.financialexpress.com/fe20010521/news3.html
Govt, MSEB keen to probe role of IDBI in issue of Dabhol PTN,  Sanjay Jog

THE TIMES OF INDIA
Monday, 21 MAy, 2001,http://www.timesofindia.com/today/21busi5.htm
MSEB to slap yet another Rs 400 cr penalty on DPC

THE TIMES OF INDIA
Monday, 21 MAy, 2001,http://www.timesofindia.com/today/21busi6.htm
Maharashtra working on ways to avoid Enron penalty

THE ASIAN AGE
Monday, 21 MAy, 2001, http://www.asianageonline.com/
MSEB PLANS RS 400-CR PENALTY ON DABHOL

THE ASIAN AGE
Monday, May21, 2001, http://www.asianageonline.com/
Enr-off?

THE AFTERNOON
http://www.afternoondc.com/
'CENTRE SHOULD SORTOUT ENRON CRISIS'
Bhujbal puts Suresh Prabhu on the mat

THE ECONOMIC TIMES
Monday, 21 MAy, 2001,http://www.economictimes.com/today/21econ02.htm
MSEB to slap yet another penalty on DPC

UNDETTERED by issuance of the preliminary termination notice by Enron-promoted Dabhol Power Company, the Maharashtra State Electricity Board has decided to go ahead with its decision to slap yet another Rs 400-crore penalty on the US energy major. "PTN or no PTN. In June first week, MSEB will slap one more Rs 400-crore penalty on DPC for misdeclaration and default on the availability of power, a review for which will be taken next month," MSEB sources said here on Sunday. The proposed penalty is in wake of DPC's inability to produce power on February 12 and March 13 as per MSEB's demand in stipulated time of three hours as per the power purchase agreement, they said.                                         "In fact, we would pay the Rs 139-crore April bill on May 23 and this will be the last payment from MSEB's side, rest of the due amount should be adjusted in the penalty," the sources added. MSEB follows a four month cycle, the first instance of failure on January 28 fell in the first cycle, while the other two instances fell in the next cycle of February-May, a bill for which would be prepared and despatched to DPC in June, the sources said. (PTI)

THE ECONOMIC TIMES
Monday, 21 MAy, 2001,http://www.economictimes.com/today/21econ04.htm
Dabhol project suffers $400-m cost overruns, Anto T Joseph

AS IF the current dispute with the Maharashtra government was not enough, the Dabhol project now has to deal with cost overruns. The Enron-promoted Dabhol Power Company has experienced a cost overruns to the tune of $400 million, taking the total project cost to $3.3 billion. DPC, which issued a preliminary termination notice to Maharashtra State Electricity Board on Saturday (May 19), is in a fix as both domestic and offshore lenders have refused to increase their exposure in the controversial power project, the largest-ever foreign direct investment, so  far, in India. After Indian lenders stopped disbursements as a fallout of a long payment crisis, DPC is believed to have scouted for foreign debt, albeit unsuccessfully, to maintain the debt-equity status quo at 70:30 ratio. DPC's issuance of PTN has compounded the problem. According to the power purchase agreement between the MSEB and Enron, issuing a PTN would mean fixing a deadline of six months for pulling the final plug on the project. "As of now, the FIs have held back $250-million debt to the project. Once the PTN is served, DPC can't expect lenders to make any more disbursements, and it has almost sealed the fate of the project," said a financial institution source.

While the 740-mw phase I is operational, the second phase of 1,144 mw was expected to be fully operational by the year-end. One unit of 740 mw (part of the second phase) is undergoing trial-runs, and was expected to be commercially operational in June. Sources said the huge cost overruns had been a major deterrent in project completion. Worried by the mounting payment defaults, the EPC (engineering, procurement and construction) contractor of the project -- Bechtel - is  believed to have threatened to pull out of the project by  mid-June. The cost overruns stem from devaluation of the rupee vis-a-vis the dollar and an increase in equipment cost. Indian FIs are now wary of further cost overruns owing to the delay in project execution. "Indian FIs, who have contributed 40 per cent of $2.9 billion (earlier project cost), had refused to take more exposure.

DPC was forced to approach foreign lenders for raising funds to cover the cost overruns. They have also taken a negative stand," said sources. The ABN-AMRO led offshore consortium is believed to have refused to contribute any more debt to the project. The only way out for DPC is for the promoters to increase  their equity contributions. Proportionately, Enron, which holds around 65 per cent in DPC, will have to shell out a  major chunk if this were to happen. DPC's move to issue PTN has considerably irked Indian institutions. Lenders were planning to cast a confidential vote on PTN this week. However, armed with the required mandate from offshore lenders, DPC went ahead and issued the PTN.

BUSINESS STANDARD
Monday, 21 MAy, 2001,http://www.business-standard.com/today/economy7.asp?Menu=3
DPC faces fresh Rs 400-crore penalty

The Maharashtra State Electricity Board has decided to go ahead with its decision to slap yet  another Rs 400-crore penalty on the Dabhol  Power Company, undeterred by the issuance of a  preliminary termination notice (PTN) by the  latter. "PTN or no PTN, in the first week of June MSEB will slap one more Rs 400-crore penalty  on the DPC for mis-declaration and default on the availability of power, a review for which will  be taken next month," MSEB sources said here Sunday. The proposed penalty is in the wake of DPC's inability to provide power on February 12 and March 13, as per MSEB's demand in the stipulated time of three hours (according to the   power purchase agreement (PPA) guidelines), they said. "In fact, we will pay the Rs 139-crore April bill on May 23 and this will be the last payment from  MSEB's side. The rest of the due amount should be adjusted in the penalty," sources added. MSEB follows a four-month cycle, the first instance of failure on January 28 fell in the first cycle, while the other two instances fell in the next cycle of February-May, a bill for which would be prepared and despatched to the DPC in June, MSEB sources said.

Earlier, MSEB had slapped a Rs 401-crore penalty on DPC for "not generating" required power to meet the demand on January 28. DPC had yesterday issued a PTN to MSEB,  saying the loss-making board, the state  government and the Centre had failed to meet their contractual obligations and therefore it had  no choice "but to issue the notice." Meanwhile, DPC is also attending the next meeting of the Godbole panel on Wednesday.

Enron India managing director Wade Cline confirmed that the power company has not  closed its doors to negotiate a satisfactory  solution. But state government officials said the onus of finding a workable solution is now with the Centre, which has to spell out its position on the  offtake of power from phase-II of the project. The Central government nominee on the Godbole  committee, AV Gokak, is to attend deliberations  for the first time this Wednesday. State officials attach great importance to his presence as he is likely to spell out Centre's view on the whole affair. A state official told Business Standard that DPC had indicated its willingness to renegotiate the tariff structure at its first presentation beforethe Godbole Committee. The sole thorn now is the offtake of power from phase-II of the project. Maharashtra Chief Minister has said on Saturday that the state cannot afford to draw power from phase-II.

So the issue is now to clear the decks for third parties to buy out power from the second part of the project. "This is an issue that is in the Centre's realm, though there have been some statements that no central utility is in a position to buy power from  Dabhol. DPC is willing to talk to lower its tariffs  but we are not in a position to buy any of it even though we are contractually bound to buy it. Sothe solution lies in allowing others to buy it," the official said. A senior MSEB official also denied the Board  was planning to issue a counter termination notice to the DPC.

THE FINANCIAL EXPRESS
Monday, 21 MAy, 2001, http://www.financialexpress.com/fe20010521/top3.html
MSEB plans to dispute PTN validity ,   Sanjay Jog

The Maharashtra State Electricity Board (MSEB), in a bid to put up a brave front, proposes to dispute the validity of the Preliminary Termination Notice (PTN) served by the Dabhol Power Company (DPC) and take up the issue at the dispute resolution panel. Simultaneously, MSEB has denied that it has repudiated the power purchase agreement (PPA) as claimed by the DPC. MSEB has also rejected DPC's claim over its failure to meet contractual obligations. The MSEB, after consulting the state advocate general, lawyers and the state government, may serve a notice with respect to the dispute over the PTN to the DPC, as per clause 20.2 of the PPA.

According to the provisions of clause 20.2, a dispute would be referred to the dispute resolution panel comprising of one or two high-level representatives from the MSEB and the DPC. DPC had earlier served a notice with respect to disputes over the payment of arrears towards the November and December bills and interest thereon on January 25 this year. Accordingly, a dispute  resolution. MSEB plans to dispute PTN validity panel comprising Enron India managing director K Wade Cline and MSEB accounts member A Krishna Rao was set up. Although the panel had held a series of meetings, it failed to arrive at an acceptable solution. MSEB sources told The Financial Express that it cannot accept the PTN at this point of time, especially when the renegotiation process had been launched. Further, according to MSEB, it had not defaulted, neither had it avoided the payment of bills, but for certain disputes and thus, the PTN is disputed.

MSEB sources said that if the DPC rejects its claim on disputes over PTN, then it was prepared to fight it out at the arbitration. "However, it needs to be legally studied whether, at a time, how many cases could be referred to arbitration. In fact, DPC has already initiated arbitration by serving notices to the Centre on April 4 and to the Maharashtra government and the MSEB on April 10 over the non-payment of the December 2000 and January bills," these sources added. The MSEB reiterated that the outstanding amount of the December bill (Rs 102 crore) and the January bill (Rs 111 crore) is not payable. Instead, it claimed that the DPC, inter alia, is entitled to pay Rs 401.6 crore to the MSEB towards rebate charged for "misdeclaration and default on the availability of power on January 28." The disputes and differences have cropped up with regard to this payment and the same has been referred to the arbitration and the pending resolution. The MSEB said that pending the said resolution as to whether the amount is "payable" to MSEB by  the DPC, the latter cannot expect the payment of December and January bills by the MSEB.

THE FINANCIAL EXPRESS
Monday, 21 MAy, 2001,http://www.financialexpress.com/fe20010521/news3.html
Govt, MSEB keen to probe role of IDBI in issue of Dabhol PTN,  Sanjay Jog

The Maharashtra government and the  Maharashtra State Electricity Board (MSEB) are curious to know   the role played by the Indian rupee lenders' consortium leader Industrial Development Bank of India (IDBI) in the issuance of  preliminary termination notice (PTN) by the Dabhol Power Company (DPC). The sources in Mantralaya and MSEB told The Financial Express that if Industrial Development Bank of India, which has provided a guarantee of Rs 3,000 crore to dollar loans and also lent Rs 1,780 crore for Dabhol phase-I and II, along with offshore lenders has voted in favour of authorising DPC to issue PTN to MSEB, then it  must have received blessings from the BJP-led government at the  Centre. The Centre's nod is a must as IDBI is still a state-run organisation.

If Industrial Development Bank of India, which had voted against the proposal to authorise Enron India managing director K Wade Cline for issuing PTN at DPC's board meeting held in London on April 25, has opposed the PTN  decision, then it should be questioned as according to the agreement between DPC and its lenders,  the preliminary termination notice cannot be issued if a single 'secured creditor' voted against it. The sources are of the view that if IDBI has remained consistent and opposed the decision on issuance of PTN, then the validity of the issuance of PTN would be questioned on the basis of a lending agreement between various lenders and DPC. "We are keen to know whether IDBI has opposed this move," the sources said.

Further, the sources said the IDBI should have blocked the move to issue the PTN as the high stakes of Indian financial institutions and banks have been involved in the Dabhol project. However, sources of Indian Financial Institutions (IFI) have contradicted the state government and MSEB and said that offshore lenders control the decision relating to termination of the power purchase agreement (PPA) "if they hold at least 4 per cent of the total principal debt." "Overseas Private Investment Corporation, USA alone or the rest of Dabhol phase-I foreign banks group have such  requisite voting percentage. In this situation, if they issue the consent to DPC for serving preliminary termination notice, consent from other lenders including IFIs would not be necessary," sources added. The sources said that the IFIs, which have a massive exposure of Rs 5,154 crore, have no protection of the Government of India counter guarantee. However, the Dabhol phase-I offshore lenders are protected under the guarantee of the Maharashtra government and the Centre's counter guarantee.

THE TIMES OF INDIA
Monday, 21 MAy, 2001,http://www.timesofindia.com/today/21busi5.htm
MSEB to slap yet another Rs 400 cr penalty on DPC

Undettered by issuance of the preliminary termination notice (PTN) by Enron-promoted DabholPower Company, Maharashtra State Electricity Board (MSEB) has decided to go ahead with its decision to slap yet another Rs 400 crore penalty on the US energy major. "PTN or no PTN. In June first week, MSEB will slap one more Rs 400 crore penalty on DPC for misdeclaration and default on the availability of power, a review for which will be taken next month," MSEB sources said here on Sunday. The proposed penalty is in wake of DPC's inability to produce power on February 12 and March 13 as per MSEB's demand in stipulated time of three hours as per  the Power Purchase Agreement (PPA), they said."In fact, we would pay the Rs 139 crore April bill on May 23 and this will be the last payment from MSEB's side, rest of the due amount should be adjusted in the penalty," sources added.

MSEB follows a four-month cycle, the first instance of failure on January 28 fell in the first cycle, while the other two instances fell in the next cycle of February-May, a bill for which would be prepared and despatched to DPC in June, MSEB sources said. Earlier, MSEB had slapped a Rs 401 crore penalty on DPC for "not generating" required power for January 28 demand. The matter has been disputed since, as DPC has refused to ascertain the validity of MSEB's claim, MSEB sources said, adding the matter is now under arbitration, process for which would commence soon. MSEB sources said, contrary to the allegations made by DPC, the dispatch instructions were in line with the PPA provisions and there were no procedures previously agreed or followed about declaration of availability and delivery of dispatch instructions during the start-up of the "cold plant".

"The instructions are revised for only those hours for which there were no instructions earlier," they said, adding in the past DPC was able to achieve the instructed capacity at the specified hour. "We also fail to understand that why DPC is not accepting the fact that its machines and technology is substandard and that the Dabhol Power Project will  never be able to reach 95 per cent capacity," the sources  said. DPC had on Saturday issued a PTN to MSEB as the loss-making board, state government and Centre had failed to meet their contractual obligations and therefore it had no choice "but to issue the notice". (PTI)

THE TIMES OF INDIA
Monday, 21 MAy, 2001,http://www.timesofindia.com/today/21busi6.htm
Maharashtra working on ways to avoid Enron penalty

Maharashtra is working out a strategy to avoid paying huge damages to US power major Enron if its subsidiary, the Dabhol Power Company (DPC), axes its power purchase agreement with the state electricity board.Chief Minister Vilasrao Deshmukh, Nationalist Congress Party (NCP) leader Sharad Pawar and senior                                         bureaucrats have been huddled in discussions with legal experts since DPC issued a pre-termination notice on the  board on Saturday. "The governments of Maharashtra and India would face  lawsuits to the tune of Rs 170 billion," an official said. With New Delhi providing counter guarantees for the project, it threatens to be a liability for the entire country.

Maharashtra has already begun to cover its flanks by charging DPC with providing insufficient services and installing substandard equipment to prevent its facility from generating 95 percent power. A penalty of Rs 4.01 billion was slapped on the company last month for not providing power to MSEB at a notice of three hours. A notice for a similar penalty would be sent in June as well, officials here said.MSEB officials have been quoted as saying that no bills would be paid to the company after the April bill of Rs 1.39 billion. The bills for the remaining months would be adjusted against the penalty. With Enron hardening its stand, it is possible the company could stop power supply from June, they indicated.Although the DPC has issued the preliminary termination notice, the actual process of terminating the PPA could take as long as six months. "This initiates the process of terminating the power purchase agreement with the Maharashtra State  Electricity Board (MSEB)," DPC said in a statement.Simultaneously, it said it was open to "constructive" negotiations on the issue.

The DPC is demanding that the Central government participate in the negotiations between Enron and MSEB or provide credit support to purchasers of its power as a pre-condition to talks. "While a lasting and feasible solution to this issue may be possible, it can only occur if the parties contractually bound to purchase DPC power (MSEB with guarantees from state and central government) are willing to either purchase themselves or find "other" creditworthy entities," the company said. Enron also said the report of committee on renegotiating the power purchase agreement should not be the basis for discussions.

The stalemate in the $3 billion project follows the Maharashtra government disputing payments for power  purchased by the MSEB from the DPC. The government cleared its February and March outstanding of Rs 1.13 billion and Rs 1.34 billion respectively but under protest. The DPC currently produces 740 MW of power. This will go up to 2,184 MW when the second phase of the project goes on stream later this year. (IANS)

THE ASIAN AGE
Monday, 21 MAy, 2001, http://www.asianageonline.com/
MSEB PLANS RS 400-CR PENALTY ON DABHOL

Undettered by issuance of the preliminary termination notice by the Enron-promoted Dabhol Power Company, the Maharashtra State Electricity Board has decided to go ahead with its decision to slap yet another Rs 400-crore penalty on the US energy major. "In June first week, MSEB will slap a penalty of Rs 400 crores on DPC for misdeclaration and default on availability of power, a review for which will be taken next month," MSEB sources said. The proposed penalty is in wake of DPC's inability to produce                   power on February 12 and March 13 as per MSEB's demand in stipulated time of three hours as per the power purchase agreement, sources said. "In fact, we would pay the Rs 139 crores April bill on May 23 and this will be the last payment from MSEB's side, rest of the due amount should be adjusted in the penalty," sources added. MSEB                   follows a four-month cycle, the first instance of failure on January 28 fell in the first cycle, while the other two instances fell in the next cycle of February to May, a bill for which would be preparedand despatched to DPC in June, MSEB sources said.

Earlier, MSEB had slapped a Rs 400 crores penalty on DPC for "not generating" required power for January 28 demand. The matter has been disputed since, as DPC has refused to ascertain the validity of MSEB's claim, MSEB sources said adding the matter is now under arbitration, process for which would commence soon. MSEB sources said, contrary to the allegations made by DPC, the dispatch instructions were in line with the PPA provisions and there were no procedures previously agreed or followed about                   declaration of availability and delivery of dispatch instructions during the start-up of the 'cold plant.'"The instructions are revised for only those hours for which there were no instructions earlier," they said adding, in the past DPC was able to achieve the instructed capacity at the specified hour. "We also fail to understand that why DPC is not accepting the fact that its machines and technology is substandard and that the Dabhol Power Project will never be able to reach 95 per cent capacity," the sources said.DPC had on Saturday issued a PTN to MSEB as the loss-making board, state government and the Centre had failed to meet their contractual obligations and therefore it had no choice 'but to issue the notice.' (PTI)

THE ASIAN AGE
Monday, May21, 2001, http://www.asianageonline.com/
Enr-off?

With the Dabhol Power Company issuing a pre-termination notice, it should now be reasonably certain that Enron, the controversial power project, will wind up its operations in Maharashtra. It is indeed doubtful that the influential political lobby which ushered the US giant in amid great controversy will be able to do much this time. The series of renegotiations have failed, last minute attempts to humour Mr Sharad Pawar have failed and the lobby which had helped Enron to hype its deal has been surprisingly silent. In the short run, the state will have to pay a price for the withdrawal; in fact, Enron was hoping that precisely that will  happen and the government will develop cold feet.

But with the Centre now washing its hands off the deal, any amount of economic "diplomacy" and bargaining is unlikely to succeed. As the curtain comes down on one of India's most  controversial deals involving a multinational corporation, it is  time that the matter is looked at afresh. This does not mean that the conscious project be reviewed. What it does mean that the experts who for various reasons opposed the project in the first place should be consulted by the state government. At the same time, Mr Deshmukh should ensure that those who have been votaries of the project do not become victims of recrimination. Six months that have been stipulated for a last-ditch attempt to save a project which promised much, can have meaning only if Enron is willing to come down from its high horse. But as reports from its parent country amply show, Enron is trying to woo US lawmakers in an era of deregulation.

Energy executives of Enron spent close to 30 minutes with Mr Dick Cheney, a privilege which essentially exemplifies the importance of being Enron. But this importance should not be overstretched, and a large section in the Indian power establishment thinks so. Enron wields no magic wand, but its leading status as a power-sector giant is not to be doubted. Be that as it may, its Indian experience has been a far from happy one. Political opportunism may have queered the Indian picture, but it's primarily the Enron strategy to first target and then control markets. Its "insurgent" strategy sometimes works. At other times, it does not. In the Indian experience, it has not quite worked. The story that the friends of Enron had deliberately circulated- that other MNCs will think twice before investing in India if Enron fails, have been proved unfounded. Enron may have registered phenomenal growth over the years, but that by itself was never any guarantee that its Indian bid would too, especially with conflicting political positions dogging its high  cost per unit power.

The end of Enron is by no means the end of the world. A few comparable examples would empirically sustain the fact that it is not impossible to live without Enron, whatever its high-profile supporters would suggest. The Maharashtra government needs Central and overall support in facing the crisis it is in, though the support may merely be a moral one. The late Rangarajan Kumaramangalam used to bemoan the  absence of a realistic and long-term policy for the power sector.The unhappy Enron example should make the Central and state governments to thrash out a cohesive, constructive policy. At the peak of summers, the absence of a genuine policy further complicates infrastructural and other constraints. That is such an elementary fact anyway.

THE AFTERNOON
http://www.afternoondc.com/
'CENTRE SHOULD SORTOUT ENRON CRISIS'
Bhujbal puts Suresh Prabhu on the mat

In the backdrop of the ongoing tussle between the state and the Dabhol Power Company (DPC), Mr. Madhav Godbole, chief of the renegotiating committee of the                                        government, is silent about latest  developments. "Negotiations are on at this  moment so I am not speaking to the  press," said Mr. Godbole. The committee was set up last month to find a solution to the crisis. When asked why the DPC is opposed to a Power Purchase Agreement (PPA),   he said, "It is anybody's guess." Deputy Chief Minister Chhagan Bhujbal charged the Centre with being indifferent towards the ongoing Enron imbroglio.

In an interview to a leading news channel yesterday, Mr. Bhujbal said that the National Democratic Alliance government, especially Power Minister Suresh Prabhu, should have intervened to sort out the crisis which is putting the state on the verge of bankruptcy. "Apart from being a union minister, he has a moral responsibility to-wards Maharashtra. Moreover, the second phase of Enron was also approved by the then Shiv Sena-Bharatiya Janata Party government. So he cannot wash his hands off when the state is heading towards serious problems," said Mr. Bhujbal.

Mr. Bhujbal, who also holds the state home portfolio, said that central government intervention had become all the more necessary as it stood as a guarantor in the agreement. Meanwhile, in a counter to the arm-twisting tactics of the DPC, the Maharashtra State Electricity Board has planned to take the  company to court in lieu of them seeking compensation for loss  incurred due to inadequate power supply.


Sheila,

Attached is the edited Master Purchase and Sale document (AKA the "affiliate
document") between PGL/MEH.  Please review and provide comments back PGL's
attorney (Simon Halfin, (email: S.Halfin@pecorp.com, phone # 312-240-4411).
Per Gregg Penman's reccomendation, please coordinate with Kay Mann on who
from Enron is representing MEH on this document.  Gregg and I will be the
commercial point contact for MEH and Dave Wear for PGL/NSG.

Again, once executed  PGL/NSG representative will petition the ICC for the
right to buy and/or sell gas to an affiliate under this master contract.  A
final decision/recommendation needs to be made if this document will be filed
before or with the Hub Agency document.

---------------------- Forwarded by Roy Rodriguez/Corp/Enron on 07/11/2000
01:57 PM ---------------------------

s.halfin@pecorp.com on 07/11/2000 11:35:31 AM
To: roy.rodriguez@enron.com
cc: w.morrow@pecorp.com, r.delara@pecorp.com, d.wear@pecorp.com,
m.klyasheff@pecorp.com, j.nassos@pecorp.com

Subject: Master Natural Gas Contract

Roy:

Attached for MEH's review is a draft Master Natural Gas Contract between
Peoples Gas and MEH.  This draft contract is based on the Master Natural Gas
Contract between Peoples Gas and EMW which was executed on June 30, 2000.
For your convenience, I have attached a compare of the two contracts.  As
you will note, apart from the addition of an ICC approval requirement, most
of the changes are of an editorial nature. Please note that this draft is
still subject to management approval.

Let me know if the form of this document is acceptable to MEH.  If you have
any questions, please call me.

Regards,

Simon Halfin

 <<MEH PGL Master K.doc>>  <<MEH.PGL.compare.doc>>

----------------------------------------------------------------
The information transmitted is intended only for the person
or entity to which it is addressed and may contain confidential
and/or privileged material.  Any review, retransmission,
dissemination or other use of, or taking of any action in
reliance upon, this information by persons or entities other than the
intended recipient is prohibited.   If you received this in error, please
contact the sender and delete the material from any computer.

 - MEH PGL Master K.doc
 - MEH.PGL.compare.doc


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
08/25/99 04:21 PM ---------------------------

Michael Corbally
08/25/99 08:54 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc: Lynda Clemmons/HOU/ECT@ECT, Nick Mooney/LON/ECT@ECT, Steven
Vu/HOU/ECT@ECT
Subject: Re: Revised GTCs

Mark,

In layman terms is there anything I need to be concerned about re the
inclusion of the tax language?

Mike.
---------------------- Forwarded by Michael Corbally/HOU/ECT on 08/25/99
08:51 AM ---------------------------

Louise Kitchen
08/24/99 06:49 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT, Michael Corbally/HOU/ECT@ECT
cc:
Subject: Re: Revised GTCs

We have agreed (subject to Mike's agreement) to put in the tax language in
the contract for all weather ones - as we haven't loaded them yet.
Regards
L

---------------------- Forwarded by Jeff Blumenthal/HOU/ECT on 08/24/99 11:53
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Devetski, Tim" <tdevetski@velaw.com>
08/23/99 03:29 PM

To: Jeff Blumenthal/HOU/ECT@ECT
cc: "Gerachis, George" <GGerachis@velaw.com>
Subject: Revised GTCs

 - HDD Swap (credit) Version 3.doc


Ben,

Your ISO RT indexes are ready.   Please create any products you need in Product Manager and give us a call to approve them.

ISO NY Z-A RT
ISO NY Z-G RT
ISO NY Z-J RT

Chris
3-7533

 -----Original Message-----
From: 	Carter, Tim
Sent:	Monday, November 05, 2001 4:50 PM
To:	Lozano, Melba
Cc:	Sweitzer, Tara; Walker, Chris; Rogers, Benjamin
Subject:	RE: Testing - ISO Indexes -  please approve

These are good!

Thanks,
Tim

 -----Original Message-----
From: 	Lozano, Melba
Sent:	Monday, November 05, 2001 3:53 PM
To:	Carter, Tim
Cc:	Sweitzer, Tara; Walker, Chris; Rogers, Benjamin
Subject:	RE: Testing - ISO Indexes -  please approve

Please review and approve the attached screen shots of deals ran through Enpower Stage.  Let me know if they are ready to be inserted in production.

 << File: Zone A G J 11-5.doc >>

Thanks,
Melba Lozano
713-345-8986
713-646-8511 Fax
713-698-4847 Pager

 -----Original Message-----
From: 	Carter, Tim
Sent:	Monday, November 05, 2001 2:50 PM
To:	Lozano, Melba
Subject:	RE: Testing - ISO Indexes

I believe what you are looking for are the Pub Codes.  They are as follows:

US Pwr Fin Swap  ISO NY Z-A RT Peak  --->   WEST_RT
US Pwr Fin Swap  ISO NY Z-G RT Peak  --->   HUD VL_RT
US Pwr Fin Swap  ISO NY Z-J RT Peak   --->   N.Y.C._RT

 -----Original Message-----
From: 	Lozano, Melba
Sent:	Monday, October 29, 2001 11:14 AM
To:	Carter, Tim
Cc:	Walker, Chris; Sweitzer, Tara; Moorer, Torrey
Subject:	RE: Testing - ISO Indexes

Carter,

Can you help me find out what the ERMS code is for the attached indexes?  Let me know if you are not the correct person to go to.

Thank you,

Melba

 -----Original Message-----
From: 	Walker, Chris
Sent:	Monday, October 29, 2001 8:49 AM
To:	Sweitzer, Tara; Lozano, Melba; Moorer, Torrey
Cc:	Meredith, Kevin
Subject:	Testing - ISO Indexes

Please map and test the following indexes:

US Pwr Fin Swap  ISO NY Z-A RT Peak      Prompt Month +1 USD/MWh	60484
US Pwr Fin Swap  ISO NY Z-G RT Peak      Prompt Month +1 USD/MWh	60485
US Pwr Fin Swap  ISO NY Z-J RT Peak      Prompt Month +1 USD/MWh	60486

Trader:  Benjamin Rogers
Risk Book:  LT-New England
Book Admin:  Casey Evans

ISO NY Z-A RT

The Floating Price during a Determination Period shall be the average of the real-time prices listed in the Index for electricity delivered during the applicable hours on each Delivery Day during the applicable Determination Period.  The Floating Price for each Determination Period shall be calculated utilizing the hourly clearing prices published by the New York Independent System Operator on its official web site currently located at http://www.nyiso.com/oasis/index.html, or any successor thereto, under the headings "Real Time Market LBMP - Zonal; Zonal Prices; WEST (61752)"  (the "Index").

ISO NY Z-G RT

The Floating Price during a Determination Period shall be the average of the real-time prices listed in the Index for electricity delivered during the applicable hours on each Delivery Day during the applicable Determination Period.  The Floating Price for each Determination Period shall be calculated utilizing the hourly clearing prices published by the New York Independent System Operator on its official web site currently located at http://www.nyiso.com/oasis/index.html, or any successor thereto, under the headings "Real Time Market LBMP - Zonal; Zonal Prices; HUD VL (61758)"  (the "Index").

ISO NY Z-J RT

The Floating Price during a Determination Period shall be the average of the real-time prices listed in the Index for electricity delivered during the applicable hours on each Delivery Day during the applicable Determination Period.  The Floating Price for each Determination Period shall be calculated utilizing the hourly clearing prices published by the New York Independent System Operator on its official web site currently located at http://www.nyiso.com/oasis/index.html, or any successor thereto, under the headings "Real Time Market LBMP - Zonal; Zonal Prices; N.Y.C. (61761)"  (the "Index").


Are you familiar with this bid?

--anthony

 -----Original Message-----
From: 	Zaccour, David
Sent:	Tuesday, January 08, 2002 10:08 AM
To:	Stoness, Scott; Kosnaski, Andrew
Subject:

Tuesday January 8, 10:53 am Eastern Time
BP bids $25 million for Enron back office/IT assets
NEW YORK, Jan 8 (Reuters) - Oil major BP (quote from Yahoo! UK & Ireland: BP.L <http://uk.finance.yahoo.com/q?s=BP.L&d=t>) has bid $25 million for a small portion of Enron Corp.'s (NYSE:ENE <http://finance.yahoo.com/q?s=ene&d=t> - news <http://biz.yahoo.com/n/e/ene.html>) assets, mainly back office functions and information technology systems, a company spokeswoman said on Tuesday.
Enron's full energy trading business is scheduled to be auctioned in a federal bankruptcy court on Jan. 10.
``We're bidding for software, business processes, and license rights,'' the BP spokeswoman said.
Once the world's leading energy trader, Enron filed for Chapter 11 bankruptcy in December, after questions around its financial dealings led to the company's collapse.
BP may be interested in bidding for other Enron assets if the current auction process breaks down, the spokeswoman added.


I have an executed original of the amendment to the DTE gty.  Do you want me
to send it to you?

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


----- Forwarded by Brian Hoskins/Enron Communications on 11/10/00 03:26 PM
-----

	Kori Loibl@ECT
	11/10/00 03:09 PM

		 To: Stephanie Sever/HOU/ECT@ECT, Alicia Perkins/HOU/EES@EES, Beau
Ratliff/HOU/EES@EES, Scott Pleus/Enron Communications@Enron Communications,
Michael Nguyen/HOU/ECT@ECT, Don Baughman/HOU/ECT@ECT, Brian Hoskins/Enron
Communications@Enron Communications
		 cc:
		 Subject: FW: bad santa

---------------------- Forwarded by Kori Loibl/HOU/ECT on 11/10/2000 03:05 PM
---------------------------

This Santa is cold blooded!!!

>
>
>
> >> > Subject: bad santa
> > >
> > >
> > > >  >  > WHEN SANTA RUNS OUT OF PROZAC
> > > >  >  >
> > > >  >  > Dear Santa,
> > > >  >  >         I've written you for three years now
> >asking
> > > >  >  > for a fire truck .
> > > >  >  > Please, I really really want a fire truck
> >this year!
> > > >  >  >         Love, Kenny
> > > >  >  >
> > > >  >  > Dear Kenny,
> > > >  >  >          Let me make it up to you. Christmas
> >Eve,
> > > >  >  > while you sleep, I'm gonna
> > > >  >  > torch your house. You'll have more fire
> >trucks than
> > > >  >  > you'll know what to do
> > > >  >  > with.
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >**********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >          I don't know if you can do this,
> >but for
> > > >  >  > Christmas, I'd like for my
> > > >  >  > mommy and daddy to get back together. Please
> >see
> > > >  >  > what you can do.
> > > >  >  >         Love, Teddy
> > > >  >  >
> > > >  >  > Dear Teddy,
> > > >  >  >         What, and ruin that hot affair your
> >dad's
> > > >  >  > still having with the
> > > >  >  > baby-sitter? He's banging her like a screen
> >door in
> > > >  >  > a hurricane, son! Let me
> > > >  >  > get you some nice Lego's instead.
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >**********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >         I left milk and cookies for you
> >under the
> > > >  >  > tree, and I left carrots
> > > >  >  > for your reindeer outside the backdoor.
> > > >  >  >         Love, Susan
> > > >  >  >
> > > >  >  > Dear Susan,
> > > >  >  >         Milk gives me the shits and carrots
> >make the
> > > >  >  > deer fart in my face.
> > > >  >  > You want to be a kiss-ass? Leave me a glass
> >of
> > > >  >  > Chivas Regal and a nice Cuban
> > > >  >  > cigar.
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >**********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >         I really really want a puppy this
> >year.
> > > >  >  > Please please please.
> > > >  >  >         PLEASE, Jimmy
> > > >  >  >
> > > >  >  > Jimmy,
> > > >  >  >         That whiney-begging shit may work
> >with your
> > > >  >  > folks, but that crap
> > > >  >  > don't work up here. You're getting another
> >sweater.
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >**********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >     What do you do the other 364 days of the
> >year?
> > > >  >  > Are you making toys?
> > > >  >  >         Your friend, Thomas
> > > >  >  >
> > > >  >  > Dear Thomas,
> > > >  >  >         All toys get made in China. I have a
> >condo
> > > >  >  > in Vegas, where I spend
> > > >  >  > most my time squeezing cocktail waitress'
> >asses, and
> > > >  >  > losing all my cash at
> > > >  >  > the craps table. Hey, YOU wanted to know!
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >**********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >         I wud like a kool toy space ranjur
> >for Xmas.
> > > >  >  > Iv ben a good boy all
> > > >  >  > yeer.
> > > >  >  >         YeR FReND, BiLLy
> > > >  >  >
> > > >  >  > Dear Billy,
> > > >  >  >         Nice spelling. You're on your way to
> >being a
> > > >  >  > career lawncare
> > > >  >  > specialist. How 'bout I send you a book so
> >you can
> > > >  >  > learn to read and write?
> > > >  >  > I'm giving your older brother the space
> >ranger, at
> > > >  >  > least HE can spell!
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >*********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >         I have been a good girl all year,
> >and the
> > > >  >  > only thing I ask for is
> > > >  >  > peace and joy in the world for everybody!
> > > >  >  >         Love, Sarah
> > > >  >  >
> > > >  >  > Dear Sarah,
> > > >  >  >          Your parents smoked pot when they
> >had you,
> > > >  >  > didn't they?
> > > >  >  >
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >*********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  > I need more Pokemon cards please! All my
> >friends
> > > >  >  > have more Pokemon cards
> > > >  >  > than me. Please see what you can do.
> > > >  >  >         Love, Michelle
> > > >  >  >
> > > >  >  > Dear Michelle,
> > > >  >  >          It blows my mind. Kids are forcing
> >their
> > > >  >  > parents to buy hundreds of
> > > >  >  > dollars worth of these stupid cards, and
> >none of you
> > > >  >  > snot-nosed brats are
> > > >  >  > even learning to play the game. Let me get
> >you
> > > >  >  > something more your
> > > >  >  > speed, like "Chutes and Ladders."
> > > >  >  >         Santa
> > > >  >  >
> > > >  >
> >*********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >          I want a new bike, playstation, a
> >train,
> > > >  >  > some G.I. Joes, a dog, a
> > > >  >  > drum kit, a pony and a tuba.
> > > >  >  >          Love,Francis
> > > >  >  >
> > > >  >  > Dear Francis,
> > > >  >  >          Who in the hell names their kid "Francis"
> >nowadays?
> > > >  >  >  Santa
> > > >  >  >
> > > >  >
> >*********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >          Do you see us when we're sleeping,
> >do you
> > > >  >  > really know when we're
> > > >  >  > awake, like in the song?
> > > >  >  >          Love, Jessica
> > > >  >  >
> > > >  >  > Dear Jessica,
> > > >  >  >          You are that gullible? Good luck in
> > > >  >  > whatever you do, I'm skipping
> > > >  >  > your house.
> > > >  >  > Santa
> > > >  >  >
> > > >  >
> >*********************************************************************
> > > >  >  > Dear Santa,
> > > >  >  >         We don't have a chimney in our
> >house, how do
> > > >  >  > you get into our home?
> > > >  >  >          Love, Marky
> > > >  >  >
> > > >  >  > Mark,
> > > >  >  >          First, stop calling yourself
> >"Marky";
> > > >  >  > that's why you're getting
> > > >  >  > your ass kicked at school. Secondly, you
> >don't live
> > > >  >  > in a house, that's a
> > > >  >  > low-rent apartment complex you're living in.
> > > >  >  > Thirdly, I get inside your pad
> > > >  >  > just like all the burglars do, through your
> >bedroom
> > > >  >  > window.
> > > >  >  >
> > > >  >  > Sweet Dreams!
> > > >  >  >         Santa
> >

>


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Jeff,
This SD Union Tribune opinion piece by Rosenfield is amazing!
Looks like the media is willing to let allegations of all sorts
be stated as fact by the "unbiased" likes of Mr. Rosenfield.  Can
mass hysteria be far away???


No comments.  Did not give her anything to do.

 -----Original Message-----
From: 	Spencer, Becky
Sent:	Monday, November 19, 2001 2:26 PM
To:	Hodge, Jeffrey T.; Shackleton, Sara; Jacobson, Kimberley; Perlingiere, Debra; Heard, Marie
Subject:	Comment needed:  Debra Garcia (111901) Rozycki

Your comments are needed for Debra Garcia who sat in for Joanne Rozycki.  Please return as soon as possible.  Thank you!-Becky

	Excellent = 5       Above Average = 4      Average = 3            Below Average = 2            Poor = 1

	Initiative

	Cooperation

	Punctuality

	Attendance

	Quality of Work

	Would you request this person again Y/N?


FYI.  My e-mail response to Marc Hellman's message re:  Dynegy impact on the NWN transaction.

-----Original Message-----
From: HELLMAN Marc [mailto:marc.hellman@state.or.us]
Sent: Wednesday, November 14, 2001 8:19 AM
To: Kaufman, Paul
Subject: RE: Application Filing

thanks, do you want me to forward this to "all"?

-----Original Message-----
From: Kaufman, Paul [mailto:Paul.Kaufman@ENRON.com]
Sent: Tuesday, November 13, 2001 2:51 PM
To: HELLMAN Marc
Subject: RE: Application Filing

The short answer is that the Dynegy merger with Enron does not affect
the NWN acquisition of PGE.  Both Enron and Dynegy remain committed to
the NWN transaction.  There are no direct implications for the sale as
NWN, not Enron, is the issuer of the equity in the transaction.  The
structure of the seller financing has not changed.

Bruce DeBolt did describe the only indirect impact of Enron's current
situation--i.e., that there are certain restrictions on Enron's ability
to transfer the securities it holds to an affiliated interest if Enron's
credit rating decays to a given point.

The Enron/Dynegy transaction is expected to close in the 3rd Quarter of
2002.  We think we can get all regulatory approvals for the NWN
transaction completed and close before that.

I'm in Washington, D.C. today and tomorrow.  We have a pre-filing
meeting with the SEC on the NWN transaction tomorrow.  I'll be back in
the office on Friday.  I can be reached by pager 888.354.7356 or cell
phone 503.539.4733 if you need more information or have further
questions.

I did not hit "reply to all" when creating this message. Sorry.

-----Original Message-----
From: HELLMAN Marc [mailto:marc.hellman@state.or.us]
Sent: Tuesday, November 13, 2001 8:30 AM
To: 'Ackerman, Susan'; Mike Morgan (E-mail); Lesh, Pamela; Kaufman, Paul
Cc: DUDLEY, JAY; Jim Fell (E-mail); Kelley, Carla; Bob Jenks (E-mail);
TATOM Bonnie; Ed Finklea (E-mail); Jason Eisdorfer (E-mail); Ken Canon
(E-mail); SPARLING Lee; HELLMAN Marc; Melinda Davison (E-mail); Paula
Pyron (E-mail); Stephanie Andrus (E-mail)
Subject: RE: Application Filing

Thanks.  How does the Dynergy bid for Enron affect things?  Do you know
how
long it might take for Dynergy to get approval from non-Oregon agencies
to
purchase Enron?

-----Original Message-----
From: Ackerman, Susan [mailto:ska@nwnatural.com]
Sent: Monday, November 12, 2001 5:05 PM
To: Bob Jenks (E-mail); Bonnie Tatom (E-mail); Ed Finklea (E-mail);
Jason Eisdorfer (E-mail); Ken Canon (E-mail); Lee Sparling (E-mail);
Marc Hellman (E-mail); Melinda Davison (E-mail); Paula Pyron (E-mail)
Cc: Jay Dudley (E-mail); Jim Fell (E-mail); Mike Morgan (E-mail); Pamela
Lesh (E-mail); Paul Kaufman (E-mail); Stephanie Andrus (E-mail); Kelley,
Carla
Subject: Application Filing

All, we had intended to file the NWN/PGE application on Wednesday,
November
14.  It does not appear that we are going to make that date.  We are
still
getting full review of the application and all pieces of testimony;
following that will be production.  I apologize for not having a more
firm
date, but we really are working on it and will push it out the door as
soon
as we reasonably can.  SKA (503-721-2452)

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


We plan to hold a special meeting of the Enron Corp. Board of Directors next week. We expect the meeting will last less than an hour.
Following are the proposed dates and times:

October 22nd	3:00 p.m. - 4:00 p.m. (CDT)
October 23rd 	8:30 a.m. - 9:30 a.m. (CDT)
October 23rd 	Noon - 1:00 p.m. (CDT)

Please reserve the above on your calendars. We will notify you of meeting date and time once it has been established.

Kelly M. Johnson
Executive Assistant
Enron Corp.
Tel: 713-853-6485
Fax: 713-853-2534
E-Mail: kelly.johnson@enron.com


Mark,

Please send a signed copy of the MOU to James Morris at the address below.
By the way, who signed the it?  Thank you.

Bob Ward
Manager, IT - Development
ext. 54409

-----Original Message-----
From:  James Morris [mailto:jammo@microsoft.com]
Sent: Thursday, June 07, 2001 1:48 PM
To: Ward, Bob
Cc: Bolender, Corinna; Ogg, Jim
Subject: RE: SP1 JDP MOU Signed

Hey guys...
Send it to
1 Microsoft Way
Bldg 1 rm 2006
Redmond, WA 98052

Thanks!
-----Original Message-----
From: Ward, Bob [mailto:Bob.Ward@ENRON.com]
Sent: Thursday, June 07, 2001 11:29 AM
To: James Morris
Cc: Bolender, Corinna; Ogg, Jim
Subject: SP1 JDP MOU Signed

James,

We have a signed copy of the MOU ready to send to you.  I need your address.
Thank you.
Bob Ward
Manager, IT - Development
ext. 54409


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Rod:  Forgive my redundancy, but did I already request (and did you send) a
credit worksheet for this counterparty?  This is another Clint Freeland/Jeff
Nogid push for Fastow.  Thanks.  Sara


My last communication with Monica's attorney was that he was satisfied with
our responses to his request and that he was going to run the contract
through other groups at the city and would get back to us.  I can insert the
last wording change in the previous draft that I had provided to the parties
if you think that will speed up their attorney's signoff.
Attached is the final version of the contract.  Please feel free to forward
it to Monica.  If they are agreeable, please have them accept the red-line
changes, print 2 originals, sign and forward to Enron for final execution.

	Kim Ward
	04/02/2001 05:33 PM

		 To: Dan Hyvl
		 cc: Barry Tycholiz/NA/Enron@ENRON
		 Subject: City of Palo Alto

Dan,

What is our status with the Palo Alto Agreement?  According to Monica, they
are waiting on a final copy with the language that has been agreed to by both
parties.  She is ready to sign.  I know that we have lost one transaction due
to paper not being in place.  Can you send me the final document and I will
forward to Monica?

Also, can we discuss El Paso on Tuesday?

Thanks,

Kim


The time works fine.  Will Justin initiate the call?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Nicola Beales
	03/26/2001 08:49 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Ian Brungs/EU/Enron@Enron, Justin Boyd/LON/ECT@ECT
		 Subject: Equity Trading in the UK

Sara,

Further to your e-mail to Justin re equity trading in the UK, I would be
grateful if you could let me know whether you would be free to have a
conference call this Friday 30 March @ 3.00 p.m. London time.   If this is
not convenient, please suggest an alternative time.

I look forward to hearing from you.

Kind regards,
Nicola


Untitled Document
    -- Free  Trial -- Listen by calling 1-800-990-PLUM Enter passcode 3004, followed by the # key  For Jan. 11, 2002, Plum is covering these  stories:     Enron Stays Up Late with Bidders  South Korea Plans Privatization of 5 State Companies  Two Grid Operators Discuss Connecting Energy Market  Heavy Rains Add to Energy Pricing Sag  State of California Launches Legal Attack on  Ashcroft Leaves Enron Investigations  New York State Takes Niagara Mohawk, NRG to Court for Emissions  First Private Power Plant in Mexico Comes Online  Long Island Transmission Cable Attacked on New Fronts  Criminal Investigation in Enron Begins  Texas PUC Chair Pressured to Leave Office After Enron Ties Revealed  BG Introduces Home Generator System   Other Energy Industry News for Power Marketers     Fuel Oil Futures Exchange Slated for Shanghai Later in  President Bush Demands Revisit Of Pension, Disclosure Rules  BP Makes $25M Bid for Enron IT  Oregon Utilities Offer 100% Green Energy  TECO Energy Struggles to Complete Nepco Projects  Enron Creditors Seek to Halt Trading Arm Sale  CA Seeks to Maintain Control of PG?  Market Updates    Hourly Stock Market Update   Bond Market Update      World Headline News   Sports Overview  Miscellaneous Features    Today in History  Kiplinger Personal Finance Minute       To Listen Now:  Call 1-800-990-PLUM enter passcode 3004 followed by the # key    [IMAGE]      Call from any phone. Use a headset for easy listening  while driving.   Customized and Interactive  Use the numeric keypad on your telephone to repeat, pause or  skip stories, and even request more information. Here is the  list of commands for your reference: [IMAGE]  "...your mobile phone becomes a  tool for saving time and gathering relevant business intelligence..."       	  Power Marketers News Radio from Plum  Briefings      Daily news you need to hear!    Friday  morning's newscast        included the stories listed  to the left.           Arrive  at the office fully informed.     Call from any mobile phone while commuting  and listen to daily audio newscasts covering  the power industry  from  [IMAGE] For detailed info download  brochure    Special Offer:  Free trial!   Listen  to today's newscast now by calling 1.800.990.plum enter passcode 3004 followed by the # key.  Call  daily until 01/18/02 (You may forward this trial passcode to interested  colleagues) Download brochure for subscription info      Put  1-800-990-plum on your mobile phone speed dial now     Thorough  coverage of power and gas Plum Briefings are customized telephone briefings -- individually  tailored audio news programs -- that will provide you with in-depth,  commercial-free coverage of the energy landscape.    We report on FERC & state PUC rulings, new projects, new  legislation, RTOs, supply & demand forces, and other topics  that matter to you. We can also brief you, at your option, on  general business conditions, financial markets, consumer health  news, and other ancillary topics.    A tool for saving time With Plum Briefings, your mobile phone becomes a tool for saving  time and gathering relevant business intelligence. Whether you're  driving to your office or waiting for a flight, simply dial our  telephone number anytime and from anywhere. Unlike radio broadcasts,  our briefings won't bore you with ads or repeated stories.    Gathering business intelligence Press keypad buttons to repeat, pause, or skip stories on command.  Request additional articles on any story to be sent via follow-up  e-mail -- we'll send links to key articles from newspaper,  magazine, and specialist websites.    Give  it a try - FREE! Call Plum Briefings daily, absolutely free. Enter 1-800-990-PLUM into your mobile phone speed dial. Call and use passcode 3004 followed by the # key. Try it now!    TO SUBSCRIBE OR FOR MORE INFO: download brochure at PlumBriefings.pdf


I am missing the following deal for Jeff Richter per Bloomberg:

Enron sells to Mirant Americas 25mw for March'01 off-peak SP-15 at $180.00


FYI, looks as if they are eager to completed this before Friday.   Chris, I can't say much
as far as the applications go, but we should be concerned about the content
on the websites that your Fundamentals teams developed.  We can talk more in the morning.

Dave

-----Original Message-----
From: Ray, Edward
Sent: Wed 1/16/2002 5:31 PM
To: Dronet, David; Spann, Christopher
Cc:
Subject: FW: Gas Fundamentals Split for NetCo & Estate

Come on.... what is going on

 -----Original Message-----
From:   Simpson, Stephen
Sent:   Wednesday, January 16, 2002 5:04 PM
To:     Ray, Edward; Ballmer, Charles; Wei, Zhiyong
Cc:     Stock, Steve; Henry, Jane Hilburn; Johnson, Jeff
Subject:        Gas Fundamentals Split for NetCo & Estate
Importance:     High

It turns out we need to build out a copy of the Gas Fundamentals for both Estate and NetCo.  The Estate instance must run on Estate Servers instead of being co-hosted on NetCo clusters.  I have attached an report image of the servers that were previously listed in the Assets Database as a starting point.

By tomorrow morning's meeting we need to the have the following questions answered:

Are there servers available for the separation ?
How long will it take to configure both Estate and Netco Instances ?
When will each environment be available for testing ?
When can we have test plans completed ?

<< Application Inventory.rtf >>

Sorry for the last minute notice.  This is a "HOT" item that we need to have resolved ASAP.


You have just received the "Aggie Virus"!!!

Since Aggies arn't very smart and don't have any programming
experience, this Virus works on the honor system.

Please delete all the files on your hard drive,
and manually forward this Virus to everyone on your
mailing list.


Any update yet?


I would like to distribute this when I leave on vacation on Saturday 11 Aug.  I have implicated you as my backup.  Please let me know if you cannot serve, espcially if you too will be on vacation.

Alan

Comnes Vacation Hand-Off Matrix
Alan Returns on 27 Aug 01

Issue	Government Affairs Contact
General Trading Desk Support	Dave Perrino, Sue Mara
CAISO	Sue Mara
Need something on Alan's hard disk	Lysa Akin
California Refund Proceeding	Ray Alvarez (D.C.)
Comments on West Wide mitigation due August 17 or 20th (not sure)	Dave Perrino
PNW Refund Proceeding	Bob Frank (Houston)
RTO West DSTAR	Dave Perrino, Steve Walton
Origination Support/QFs	Paul Kaufman
Interconnection Issues/Power Market Certificates	Susan Scott (Houston)
California Retail Issues	Sue Mara
California Special Session/Bankruptcy/SCE MOU	Jeff Dasovich


Morning Steven,

Will you please add four new resource IDs to the PX database for EPMI?  They
are:
EPMIRTNP15IN
EPMIRTNP15OUT
EPMIRTSP15IN
EPMIRTSP15OUT

Please inform me of the Global IDs that will be assigned to these resources.
As always, don't hesitate to call/email with questions.  503.464.8298.
Thanks for your help.

Regards,

Brett


I thought you might want to be the Tariff Integration group's liason to the
Provisions/Requirements Content Group since that group is dealing with
interconnection issues.  You weren't at the meeting when the assignment came
up so I said you might be interested in the assignment and that I would take
responsibility for asking you if you wanted the job.  Are you interested?  I
don't have your phone number.  I'm at 503-464-8862.


---------------------- Forwarded by Richard Shapiro/NA/Enron on 12/06/2000
12:36 PM ---------------------------

Hedy Govenar <hgovenar@govadv.com> on 12/06/2000 12:30:19 PM
To: Mona L Petrochko <mpetroch@enron.com>, Sandra McCubbin
<smccubbi@enron.com>, Paul Kaufman <paul.kaufman@enron.com>, Harry Kingerski
<harry.kingerski@enron.com>, Sue Mara <smara@enron.com>, Rick Shaprio
<rshapiro@enron.com>, Bev Hansen <bhansen@lhom.com>, Jeff Dasovich
<jdasovich@enron.com>, Karen Denne <kdenne@enron.com>, Marcie Milner
<mmilner@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Mike Day <mday@gmssr.com>, Scott Govenar
<sgovenar@enron.com>
cc:

Subject: Last evening's conversations (CONFIDENTIAL)

Hello everyone:

Last evening there were several receptions in Sacramento which allowed
us to chat with some interesting folks about the energy situation.

Bob Foster said Edison is very close to declaring bankruptcy.  He said
maybe it would be the best thing if the Federal court were involved
anyway because he was not having much influence on policy discussions
and legislative decisions.

An hour and a half discussion with Steve Peace can be summarized as
follows:
    1.  He believes Enron has done a masterful job of manipulating the
market.
    2.  He believes it may not be too late for Enron, specifically Ken
Lay, to use the Federal government to stabilize the market.  Lay's
influence with Bush could set up a system with true competition (perhaps
publicly-owned generation could be a competitor) and fair and just
prices.
    3.  Peace himself will not be a major player in energy solutions.
He'll be in Puerta Vallarta with his wife for half of January to prove
the point.
    4.  He suggests having Jim Brulte, Senate Minority Leader and Bush
campaigner, get involved to promote a proactive solution which includes
Ken Lay and President Bush.  (I'm calling Brulte today to get a
reaction)
    5.  He believes there is a good chance that the Sempra, Edison and
PG&E go into bankruptcy.  Ultimately that would be very bad for Enron
for a variety of reasons which I could not follow and/or retain.

The Director of the Department of Consumer Affairs said her office
received a call yesterday afternoon from the Governor's office directing
them, and all other state agencies, to turn off all computers by 4:00
p.m.  The Governor wanted to light the capitol Xmas tree and was
concerned there would be too much drain on the power system.  He didn't
want to be accused of adding to the electricity shortage, so the trade
off was no state compputers would be used while the tree was lit.  The
tree was turned off after half an hour.  Sandi has this morning's
Sacramento Bee article which described the incident in somewhat
different detail.


You can extend them, but make sure that the volume is zero.

D

Michael Olsen@ENRON
02/23/2001 12:50 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: meter 6884

Volume management was wondering if deals 137870 and 235670 needed to be
extended into 2001.  These are deals with Teco.  Let me know if you need me
to extend them.


I believe that, as you requested, I have now had executed and returned to you
by fax copies of the commodity swaps between Enron Canada and each of RBC, TD
Bank and Risk Management as well as the two rate swaps between Enron Canada
and each of RBC and TD.  I believe the only other confirm requiring Enron
Canada's execution in this transaction is the back-to-back rate swap between
Enron Canada and ENA, whereby Enron Canada swaps the floating rate for the
fixed rate with ENA.  You can send that confirm directly to my attention by
e-mail and I will get it signed and sent back to you.  I understand that you
will be attending to obtaining counterparty execution of these confirms.
Could you do me a favor and, when you receive the fully executed confirms
back from the respective counterparties, fax fully executed copies of all the
confirms to my attention at 403-974-6707.  I am aggregating copies of all the
documents relating to this financing for our files and will need the executed
confirms as part of that process.

Thanks

Greg Johnston


Hello Kenny,

Just a couple of things.  One our stock is up again today  now it is up 2 at
62$  I was wondering if we should sell some?  What is your opinion.
Also I have some reading for you tonight - The Skiliing Story is all over the
Gas Market.  (I told Ya).  I know that Clayton has soccer tonight - dont
worry about dinner , I would actually prefer some of that Turkey tonight.

I love you


We had a wonderful, quiet weekend. The wine was very good.  I drank it
without food, as it was nice and light, which is how I like my reds.  It
would have been good with a tomato based pasta, I think.

How do I find out how much vacation I have?  I know there's a system on the
intranet.  I want to plan some time off this year, if possible.  I know how
difficult it can get the longer I wait.

Thursday I won't be in until around noon. More Michael stuff.

Kay


in

Bryan Hull
04/09/2001 11:45 AM
To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver
Plachy/NA/Enron@Enron, reagan.mathews@enron.com, Timothy Blanchard/HOU/EES@EES
cc:
Subject: Semi Finals

Just a reminder.  Game at 6:30 this Wednesday.  Let me know if you are in.


Voting is a key tool in our governmental process, and allows every American to make their voice heard.  We encourage you to exercise your right to vote tomorrow, November 6.


This deal ticket was done as a master but I confirmed with Tanya that it can be done as a deemed ISDA without the CSA portion.  Please prepare this morning if at all possible.
Thanks,
Brent

 -----Original Message-----
From: 	Phillips, Rebecca
Sent:	Tuesday, October 09, 2001 2:40 PM
To:	Khanna, Sanjeev; Hendry, Brent
Subject:	RE: ABN Amro Deal

Attached is the credit worksheet for ABN Amro Bank NV.  Please let me know if you need additional information.  FYI Sanjeev - we are not asking for a guaranty from them.
Thanks,
r

 -----Original Message-----
From: 	Khanna, Sanjeev
Sent:	Tuesday, October 09, 2001 9:31 AM
To:	Hendry, Brent
Cc:	Phillips, Rebecca
Subject:	ABN Amro Deal

Brent:

Rebecca may have already sent you the attached term sheet that we are working with ABN Amro.

Would you please confirm with Rebecca what we need to do to go forward with this transactions. They are discussing the Enron's credit.

 << File: TermsheetStructure1(50M)-5Year.doc >>

Thanks,

Sanjeev

Sanjeev K Khanna				Email: 	Sanjeev.Khanna@enron.com
Director						Tel: 	(713) 853-3849
Enron Global Markets				Cell: 	(713) 594-1832
1400 Smith Street, Suite 3004F			Pager: 	(877) 497-1217
Houston TX 77002					Fax: 	(713) 646-3220

_


Attached is a memo regarding the compensation survey for incoming Associates
and Analysts.  I have provided a copy of the survey as well as proposed
increases in the bonus ranges for the current pool.  Please review and
approve as quickly as possible.  If you have any questions please don't
hesitate to call.  Thanks
Charlene


Do you have the same for the income side?

Gregory Adams
03/14/2000 08:26 AM
To: Rod Hayslett/FGT/Enron@ENRON
cc:

Subject: Credit Rating Ratios

Rod,

Here are the credit rating ratios you requested for evaluating a potential
deal.

In the spreadsheet I have given you two sets of figures for the year 2000 --
one set represents what was shown to the Board of Directors in December, the
second set is the current set of "rating agency targets" for the year.

Please call me if you have any questions -- or need assistance formulating an
analysis.

Greg Adams


The people from Weil Gotshal would like to talk to you about the Dynegy case on 1/25/02.  Are you available that date?  Let me know and I will arrange a time, so that we can sit in.


Please respond to Susan Dudley
Here's the outline we sent to FERC yesterday.  I had sent the  following e-mail last week to Dan Larcamp and Ellen Schall (OGC) of FERC.

Dan - I am a senior research fellow at the Mercatus Center at  George Mason University.  I recently  taught a course to FERC staff on energy derivatives, and based on that and  discussions with others, think you might benefit from a broader course to help  FERC staff and commissioners understand prices and energy markets, particularly  the relationship between cash or spot markets, and financial markets (including  derivatives).
We at the Mercatus Center are in a unique position to serve  as a resource to the Commission and staff on economic/financial issues.  We are a nonprofit, research, education,  outreach organization, and, as part of our mission are organized to work with  the administration on different regulatory and market issues.  We would offer the course at no  charge.
We have in mind a team of experts in energy markets with  unique experiences and   perspectives.
Prof. Bill Albrecht, of  Iowa State University is a former commissioner at the Commodity Futures  Trading Commission.  He was there  in the aftermath of the Crash of '87, during the Gulf War and other market  crises, and has a valuable understanding of the issues FERC is facing now,  with respect to the influence of trading and derivative markets on energy  prices.
Jerry Ellig, Ph.D., is  a senior research fellow at Mercatus and has done extensive research and  teaching on market infrastructure issues, particularly in energy markets.
Prof. Vernon Smith, who  has recently joined the faculty of GMU and the Mercatus Center, is known as  the father of experimental economics.   You may be familiar with his sophisticated economic "experiments,"  which offer hands on experience with energy markets, including transmission  constraints, etc. and allow participants and researchers to test market  reactions to different rules, events, etc.
I  am a former CFTC economist, and write and teach courses on risk and risk  management in energy markets.

Professor Albrecht will be in the area on July 25-26.  Two 3-hour sessions on those days  (starting in the afternoon after your Commission meeting on the 25th)  would provide a strong introduction to these issues.  We could then talk about whether future  courses or workshops would be valuable.
I will call you tomorrow to discuss this idea.

Susan  E. Dudley, Senior Research Fellow, Regulatory Studies Program, Mercatus Center,  George Mason University
3401 North Fairfax Drive,  Suite 450, Arlington, VA 22201-4433.   703-993-4934 (o)    703-995-4835 (fax)   703-754-0304 (h)
www.mercatus.org
 - FERC course outline 7-16.doc


Sherri,  I will fill in Jeff for any fraternity type parties (one already
planned at Wayne Thompson's house on Friday the 27th).  I'm sure Jeff will
receive a packet from SMU for any campus type get togehter's.

If you need anything, let me know,

Chuck
________________________________________
   Chuck Paul
   A Closer Look
   Professional Mystery Shopping Company
   770-446-0590
   Email:  Chuck.Paul@A-Closer-Look.com
   http://www.a-closer-look.com

----- Original Message -----
From: <Jeff.Skilling@enron.com>
To: Chuck Paul <chuck.paul@a-closer-look.com>
Sent: Wednesday, May 03, 2000 11:19 AM
Subject: Re: MS 150/ Homecoming 2000

>
> Chuck,
>
> Thank you for the information.  I have marked the dates on Jeff's
calendar,
> and he plans to be there.  I guess he'll get more information as the date
> draws closer?
>
> Regards,
> Sherri
>
>
>
>
> "Chuck Paul" <chuck.paul@a-closer-look.com> on 05/03/2000 09:58:49 AM
>
> Please respond to "Chuck Paul" <chuck.paul@a-closer-look.com>
>
> To:   <Jeff.Skilling@enron.com>
> cc:
>
> Subject:  Re: MS 150/ Homecoming 2000
>
>
> Sherri,  Homecoming is the Weekend of October 27-29.  I hope Jeff can make
> it!
>
> Chuck
> ________________________________________
>    Chuck Paul
>    A Closer Look
>    Professional Mystery Shopping Company
>    770-446-0590
>    Email:  Chuck.Paul@A-Closer-Look.com
>    http://www.a-closer-look.com
>
> ----- Original Message -----
> From: <Jeff.Skilling@enron.com>
> To: Chuck Paul <chuck.paul@a-closer-look.com>
> Sent: Wednesday, May 03, 2000 10:32 AM
> Subject: Re: MS 150/ Homecoming 2000
>
>
> >
> > Mr. Paul,
> >
> > Jeff asked me to see if I could find out when the Homecoming is taking
> > place.  He'd like to be there if the dates work with his schedule.
> >
> > Thank you,
> > Sherri Sera
> > Assistant toJeff Skilling
> > 713.853.5984
> > 713.646.8381 (fax)
> >
> >
> >
> >
> > "Chuck Paul" <chuck.paul@a-closer-look.com> on 05/02/2000 01:35:32 PM
> >
> > Please respond to "Chuck Paul" <chuck.paul@a-closer-look.com>
> >
> > To:   "Jeff Skilling" <jskilli@enron.com>
> > cc:
> >
> > Subject:  MS 150/ Homecoming 2000
> >
> >
> > Jeff,  how was the bike trek to Austin?  Hope you raised LOTS of $$$.
> > Great
> > job you are doing!  My MS get together is next weekend (May 13th).
> >
> > Homecoming 2000-be there!  Elvis is having a party for all Beta's (big
> 25th
> > reunion) on Friday night at his house.  The new stadium is supposed to
be
> > awesome.  Hope you can make it.
> >
> > Keep in touch,
> >
> > -kai-
> >
> > Chuck
> > ________________________________________
> >    Chuck Paul
> >    A Closer Look
> >    Professional Mystery Shopping Company
> >    770-446-0590
> >    Email:  Chuck.Paul@A-Closer-Look.com
> >    http://www.a-closer-look.com
> >
> >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>
>


JUST A REMINDER:

The answer to the United Way Pre-qualifying Questionnaire need to be turned
in by the end of tomorrow, July 26, 2000.

To find the questionnaire form to submit - see the email sent from the United
Way Campaign 2000, dated 7/19/00.

I encourage you all to participate.

Thanks.


All,

In our meeting on the 17th of November, the NetWorks team explained their
position(s) relative to possible upcoming purchases of software, in which BMC
might be selected as the vendor.  There were several issues and concerns
which were voiced, mostly related to BMC's lack of support and suboptimal
application capability (that is the "net", understated version).

Bob, you and I spoke briefly after the meeting regarding what, if anything,
BMC could do to "fix their problem".  I relayed the gist of our brief
conversation to EBS.

As discussed in the meeting, EBS has a near-term opportunity to get a deal
done with BMC, and it would be of optimum benefit to execute this year.  One
of the outcomes of our November 17 meeting is that EBS has been pressing BMC
for a BMC commitment to Enron's overall customer satisfaction.  Per a
voicemail to me from EBS, it appears that BMC have provided a response to EBS.

I would like to schedule a meeting for the addressees of this note for either
November 30th, or December 1st.  The purpose is to get an update from the
NetWorks team on the BMC application testing that was underway, and for EBS
to explain what BMC has proposed.  This meeting should take an hour.

Please let me know if you can meet tomorrow or Friday.  I'll book a room and
time that works for the majority, and confirm with a Notes "Meeting
Invitation".

Thank you,

Jeff

Jeff Youngflesh
Director, Business Development
Global Strategic Sourcing
Enron Corp.
333 Clay Street, 11th Floor
Houston, TX 77002
t:  713-345-5968
f:  713-646-2450
c:  713-410-6716


Attached is our brief protest of the merger asking FERC to condition approval
on FPL and Entergy joining viable RTOs that include a real time energy market
and transmission type/congestion hedging tools (we cite to our previously
filed protests of Entergy and FPL's market based rates).  We also ask that a
grid operator (MISO or PJM) be established over the entities to the extent
that they are not in a viable fully functioning RTO by the merger approval
date.   We also reserve our right to file additional data on problems with
the merger, if necessary.

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 01/31/2001
02:01 PM ---------------------------

 - 0137413.01


SANDY, COULD YOU PLEASE ORDER THE FOLLOWING STAMPS FOR THE CONFIRM
CENTER:         FILE ONLY.                 ALREADY TRACKED.                OK
TO EXECUTE.                     THANK YOU!   JUDY H.


Thank you for ordering from http://www.crateandbarrel.com.  We will begin
processing your order(s) immediately.

Your order numbers are:

#1555761 - Reesa Qualia

and were placed on April 27, 2001.

Please reference this number if you need to contact Crate and Barrel
Customer Service (http://www.crateandbarrel.com/customer/default.asp),
800-967-6696.

Crate and Barrel
www.crateandbarrel.com


Sports Tickets The following tickets are available through the Signature Shop
for employees only - click here to order and have
Available! them delivered to your office location.

 1. Houston Hotshots vs. Utah Freezz, Saturday, November 4 at 7:00 p.m. in
the AstroArena, and tickets are only
 $24 per set.
 2. Houston Cougars vs. Louisville Cardinals, Saturday, November 18 at 2:30
p.m. at Robertson Stadium.
 Discounted tickets come in sets of two or four tickets for only $14 per
ticket.  Contact Greg Grissom
 at ext. 58741 with any questions.

Da Camera Da Camera of Houston, the acclaimed producer and presenter of
innovative ensemble music, continues its free
Free Performance lunchtime series, "A Little Day Music", with pianist Timothy
Hester at the Wortham Theater Center
 on Wednesday, November 1 at 12:00 p.m.  "A Little Day Music" concerts are
presented on the first Wednesday of every
 month free of charge, and Da Camera encourages concertgoers to bring and
enjoy their lunches while listening to the
 music.  For more information, contact Da Camera's Community Outreach
Department at 713-524-7601 ext. 15.

Dino Dash Race! Lace up your "hi-ceratops" for the Houston Museum of Natural
Science Annual Dino Dash Race on Saturday,
 November 4 in Hermann Park!  The 5K Fun Run/Walk begins at 7:45 a.m. and the
children's 1K non-competitive run
 is at 8:45 a.m.  Children are encouraged to dress in their favorite dinosaur
costumes. Participants receive t-shirts,
 a free admission ticket to the Museum and discount coupons for the IMAX and
more!  For more information, call
 713-639-4797 or log onto www.hmns.org.

Nutcracker Come shop and support the talented Houston Ballet!  The Houston
Ballet Guild's 20th Annual Nutcracker Market will
Market be held at the Astrohall Novemeber 9-12.  Merchants from around the
country will showcase row after row of
 gifts for your early holiday shopping, so beat the crowd and join in on the
Early Bird Power Shopping on Saturday,
 November 11 from 8:00 a.m. to 10:00 a.m.  Tickets are $25 dollars each and
parking is complimentary.  For ticket
 information call 713-535-3231 or email nutcrackermarket@houstonballet.org.

Chinese Paintings Are you an art lover?  Come to the Continental Center I
Gallery (Continental Building, 1600 Smith, 2nd floor) and enjoy
Show Chengyi Li, an artist from China, and his selection of personal works of
Chinese art.  The exhibit will run from October 30
 to December 1. Enron employees receive a 10% discount on the artist's works.
 For more information, contact
 Maggie Li at ext. 56011 or click here for a preview!

Enron Kids Holiday Come participate with Enron Kids, a program that helps
provide books and equipment for schools in need.  Sponsor a
Fun student or team up with co-workers or your department to provide a bag
full of holiday cheer to an HISD Burrus
 Elementary student!  A shopping committee can shop for you if your schedule
does not give you the time.  Sign-ups
 are:
 November 14, 16, 17:  11:00 a.m. - 1:00 p.m. in the Enron Building lobby
 November 15:           11:00 a.m. - 1:00 p.m. in 3AC 601
 November 15:             11:00 a.m. - 1:00 p.m. in Jefferson Bldg. Ground
Floor Conference Room

 Gift drop-offs will be on December 4-8, and the holiday party for Enron Kids
will be at Burrus Elementary on Thursday,
 December 14, with transportation available to sponsors.  For more
information, contact Geneva Davis at ext. 35517
 or Lesli Campbell at ext. 35983.

Breast Cancer  October is National Breast Cancer Awareness Month, so help
this effort to fight breast cancer by visiting
Awareness Month http://health.yahoo.com.  Yahoo will donate $1 to fight
breast cancer every time you visit their home page and click
 on the pink ribbon on the left side of the page.

Fun at the  Join Rob Walls, Enron's Managing Director & Deputy General
Counsel, as a volunteer at the Brookwood Community's
Carnival 15th Anniversary Celebration on November 4!  The Brookwood Community
is a non-profit, educational, residential
 work facility for adultswith functional disabilities. Volunteers are needed
to help the staff with games, food booths,
 karaoke and face painting, as well as event set-up and tear down.  If you're
interested, contact Sylvia Patton at
 281-375-2100 or visit www.brookwoodcommunity.org.

Arena Initiatives Get excited about the new arena in town!  If you are
interested in volunteering or assisting with various arena
 activities in the upcoming months, contact Laurel Boatright at ext. 35097
for more information.

Mammograms M.D. Anderson will be here the week of November 13-17 to
administer mammograms.  Call 713-745-4000 to
Available schedule an appointment.  Cost is $15 for employees, spouses,
retirees and EDS; $16 if donating to The Rose (an
 organization that provides free mammograms for low-income women); $75 for
contractors.

Weight Watchers Weight Watchers @ Work is gearing up for another session!
Cost is $169 for 16 weeks, and space is limited to
at Work the first 50 employees who register via email to Bryan Blake.
Classes start November 8 and meet every Wednesday
 at 11:45 a.m.  An email confirmation of your enrollment will be sent on
October 30.

As of the end of October, the Enron Matching Gifts program has already
matched, dollar for dollar, more than $1.86 million this
fiscal year to the causes that Enron employees believe in and support!


Dear Fol (friend of lucy.com):

Thanks for ordering from lucy.com!

Your Order Information:

Order #49695

    SKU                        Name                          Quantity
Price       Subtotal
------------  ------------------------------------------     --------
----------  -----------------
846641-BLK-7B       ww 742  (multiple
widths)                                  1         $80.00         $80.00

                                  Subtotal:  $80.00

                                 Sales Tax:  $0.00
                                  Shipping:  $4.99

------------------------------------------------------------------------------
                           Total Amount:  $84.99

Your order will be shipped to:
                                Susan Scott
                                c/o Enron 1400 Smith St., Room 4788   Houston
                                TX 77002
                                United States
-----------------------------------------------------------------------

Shipping Method: USPS - 4-8 business days

-----------------------------------------------------------------------

Thanks for shopping at lucy.com!
Every two months, as part of our lucy.community program, lucy.com donates
funds
to great non-profit organizations dedicated to serving women,s health, sports,
or fitness needs. For every bra sold in October and November, we are pleased
to donate $1 to the Susan G. Komen Breast Cancer Foundation, Oregon &
SW Washington Affiliate. Best known for the Komen Race for the Curec Series
of 5K runs/fitness walks, the Susan G. Komen Breast Cancer Foundation and
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Got a question? Drop us a line at yourfriends@lucy.com. Or call our Sisters
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---------------------- Forwarded by Chris Germany/HOU/ECT on 04/07/2000 11:22
AM ---------------------------

cdalpho@columbiaenergygroup.com on 04/07/2000 06:34:42 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Re: Out Friday Morning

I will be out of the office in the afternoon, so we timed that just right.

Chris.Germany@enron.com on 04/06/2000 06:28:17 PM
Please respond to Chris.Germany@enron.com

To: Doug Kinney/CES/ColumbiaGas@COLUMBIAGAS, Charles
Dalphon/CES/ColumbiaGas@COLUMBIAGAS
cc: Scott.Goodell@enron.com
Subject: Out Friday Morning

I will be out of the office tomorrow moring.  I expect to be in around lunch
time.

Thanks


Set up w/Maria Jose @ 9011541148912641
(Michael's direct dial @ 9011541148913600 )


Don't you love "competition"
---------------------- Forwarded by Susan J Mara/SFO/EES on 10/09/2000 09:56
AM ---------------------------

Mark Schroeder@ECT
10/09/2000 03:54 AM
To: Joe Hartsoe/Corp/Enron@ENRON, Susan J Mara/SFO/EES@EES
cc: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron
Subject: CalPX Requests Exclusive Right To ISO Forward Pwr Trades

Just curious, but do we agree that the PX is the most liquid forward market,
or is the OTC already more liquid that the PX?   thanks  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 09/10/2000
09:56 ---------------------------
From: Miyung Buster@ENRON_DEVELOPMENT on 06/10/2000 22:45
To: Joe Hartsoe@ENRON, Sandra McCubbin@EES, Susan Mara@EES, Paul Kaufman@ECT,
Karen Denne@ENRON, Jeff Dasovich@EES, Mark Palmer@ENRON, James D Steffes@EES,
Richard Shapiro@EES, Elizabeth Linnell@EES, Jeannie Mandelker@ECT,
filuntz@aol.com, Mark Schroeder@ECT, Peter Styles@ECT, Liz@luntz.com, Mona L
Petrochko@EES, Peggy Mahoney@EES, Nicholas O'Day/AP/Enron@Enron, Mike
Dahlke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rob Bradley@ENRON, Shelley
Corman@ENRON, Jennifer Rudolph/HOU/EES@EES
cc: Steven J Kean/NA/Enron@Enron

Subject: CalPX Requests Exclusive Right To ISO Forward Pwr Trades

CalPX Requests Exclusive Right To ISO Forward Pwr Trades

10/04/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)
LOS ANGELES -(Dow Jones)- The California Power Exchange requested Monday that
if the state Independent System Operator is given the ability to purchase
forward power, it make its trades only through the CalPX.
The ISO filed with the Federal Energy Regulatory Commission last month for
approval to buy forward power because it said utilities underscheduled
supply, forcing the ISO to buy expensive emergency power last summer.
"We are generally supportive of (the ISO's) procuring power in the forward
markets, but we want to make sure the ISO does that procurement through us
because it should be done in the market with the most liquidity," said CalPX
spokesman Jesus Arredondo.
In its filing with the FERC, CalPX said that experimentation with "fledgling"
forward markets would place customers at risk for higher transactional costs
and might discourage the development of forward markets in California.
The ISO controls most of the state's power grid and real-time market, and the
CalPX is the spot market where electricity is bought and sold in the state.
   By Jessica Berthold, Dow Jones Newswires; 323-658-3872;
jessica.berthold@dowjones.com


FYI - the claim that both ICE and EOL have more than 1/3 of the electronic trading market each may be true, but doesn't reflect on how much more we have on EOL than on ICE....

-----Original Message-----
From: djcustomclips@djinteractive.com
Sent: Thu 8/23/2001 3:06 PM
To: 168842@mailman.enron.com
Cc:
Subject: Rahil Jafry: Online Power Trading Grows, But Traditional Brokers Still Lead US Power ...

Online Power Trading Grows, But Traditional Brokers Still Lead US Power
Markets, Energy Argus Survey Shows

08/23/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

  NEW YORK, Aug. 23 /PRNewswire/ -- Electricity trading continued to move
online in the past six months, but most wholesale power deals are still being
done through traditional voice brokerages, the latest Energy Argus survey has
found.  Internet-based trading now makes up 38% of trading in the US, up from
28.5% in February and 25% in April 2000, according to Argus data.

  Most online trading is done through either IntercontinentalExchange or
EnronOnline, each of which have more than a third of the electronic market,
the survey of 40 power traders found.  However, another 24% of the
transactions are completed through a variety of other platforms, including
DynegyDirect, Bloomberg Powermatch and TradeSpark.
  Although their market share has declined from 75% two years ago, traditional
brokers continue to process most power trades, due to their ability to offer
options and other derivatives, their dominance in the short- term physical
markets and some trading houses' reluctance to embrace online technology.

  For a full copy of the Energy Argus Survey, please send your request to
info@energyargus.com .

  Energy Argus Inc., the youngest company in the Argus group, is dedicated to
creating a knowledge and analysis resource for the power industry in the US
and Europe.  Energy Argus covers news and prices as well as focusing on
reporting on all developments that might have a medium- or long-term impact on
power markets.  The guiding principle in our coverage is to ensure market and
industry relevance.  "Cutting through the noise" means rigorous culling of
hype and fluff and a sharp focus on market-moving developments, whether it's
short-term plant operations or long-term political maneuvers.

                  MAKE YOUR OPINION COUNT -  Click Here

             <http://tbutton.prnewswire.com/prn/11690X87273648>

/CONTACT:  Peter Rosenthal of Energy Argus Inc., 201-659-4400 x201/
15:04 EDT

Folder Name: Rahil Jafry
Relevance Score on Scale of 100: 85

______________________________________________________________________

To review or revise your folder, visit <http://www.djinteractive.com> or contact Dow Jones Customer Service by e-mail at custom.news@bis.dowjones.com or by phone at 800-369-7466. (Outside the U.S. and Canada, call 609-452-1511 or contact your local sales representative.)
______________________________________________________________________

Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved


[IMAGE]IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
[IMAGE]For Natural Gas Delivered on Friday, December  28, 2001
                                                                                (Trade Date of Thursday, December  27, 2001)
Click here to access index history


Hi Evening MBA students,

The University Health Services Office just informed us that the $253 Health
Insurance Waiver credits will be reflected on September billing statements.

So, if you submitted a health insurance waiver on time, you don't have to
pay the $253 that you see on your August statement and you won't be charged
a late fee because of it.

Thanks,
TJ


Hi Jeff,

Don't work to hard on this.

 - JACKIE EXHIBITS.xls
 - FIN group project1204.xls
 - Exhibit A_assumptions and model.doc

Kimberly Kupiecki
Director
A&R Partners
kkupiecki@arpartners.com
(650) 762 2800 main
(650) 762 2825 direct
fax (650) 762 2801


I'm not sure, but could you ask Craig.

Julie

Daren J Farmer
03/31/2000 12:30 PM
To: Julie Meyers/HOU/ECT@ECT
cc:
Subject: Re: Mitchell Gas Services 2/00

Is this still outstanding?  Craig is back in the office now.

D

Julie Meyers
03/20/2000 02:27 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Mitchell Gas Services 2/00

---------------------- Forwarded by Julie Meyers/HOU/ECT on 03/20/2000 02:26
PM ---------------------------

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           03/20/2000 02:08 PM

To: Julie Meyers/HOU/ECT@ECT
cc: William C Falbaum/HOU/ECT@ECT
Subject: Mitchell Gas Services 2/00

We have a price difference with Mitchell Gas Services for 2/00 production,
deal 156658.  We have HSC -0.05 and Mitchell shows HSC - 0.04.  Can you tell
me what the correct price is?  I need this ASAP.

Megan


As promised, here is a picture of Elizabeth and John Linnell's son, Mark Ian.

 - Dsc00138.jpg


Mr. Lay:

I would greatly appreciate your assistance in helping to strengthen a relationship EES has with Sysco Corporation.

EES and Sysco began discussing a wide array of business opportunities with one another in the Fall of last year. On June 30th of this year, we entered into a 10 year electricity supply contract for all of Sysco's California facilities.  We are currently pursuing two important Q4 transactions with Sysco; an electricity supply contract for their Texas facilities and a demand side management contract for all of their facilities.

We had planned to close the Texas supply transaction today.  However, in a phone conversation I had this morning with Sysco's Director of Procurement, Terry Taylor I was informed that Sysco's CEO, Charles Cotros has instructed Mr. Taylor not to enter into any further transactions with us "until Enron's financial picture clears up".  Mr. Taylor believes that Mr. Cotros' concerns about Enron would be diminished if he received a call from a senior executive at Enron.

Rosalee indicated that you and Mr. Cotros serve together on the Board of Directors for the Greater Houston Partnership. Would you please call Mr. Cotros and attempt to assuage his concerns about our financial condition.  Mr. Cotros is out of the office until Thursday, November 1st.  His direct phone number is (281) 584-1415.  His assistant is Andrea Walters and her phone number is (281) 584-1405.   Mr. Cotros' biography is as follows:

Charles H. Cotros, age 64, has served as a director of SYSCO since 1985.  Mr. Cotros has served as Chairman of the Board since July 2000 and as Chief Executive Officer since January 2000.  He served as Chief Operating Officer from 1995 until January 2000 and as President from 1999 until July 2000.  He has been employed by SYSCO since 1974.  Mr. Cotros is Chairman of the Executive Committee and he is also a member of the Finance Committee.   Source: Proxy, 9/24/01

Thank you in advance for your consideration and anticipated assistance.  Otherwise, please let me know if you will not be able take the action requested and I will initiate an alternative plan.

Respectfully,

Craig Sutter
X 31829


good.  have a nice evening.

Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct
713-303-2632 cell
sbolton@enron.com <mailto:sbolton@enron.com>

 -----Original Message-----
From: 	Ring, Richard
Sent:	Wednesday, September 19, 2001 2:49 PM
To:	Bolton, Stacey
Subject:	RE:

Tomorrow morning at 9:00 would be fine.

 -----Original Message-----
From: 	Bolton, Stacey
Sent:	Wednesday, September 19, 2001 2:48 PM
To:	Ring, Richard
Subject:	RE:

No problem. Tomorrow morning would actually work better than the afternoon.  Can we meet at 9:00?

Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct
713-303-2632 cell
sbolton@enron.com <mailto:sbolton@enron.com>

 -----Original Message-----
From: 	Ring, Richard
Sent:	Wednesday, September 19, 2001 2:45 PM
To:	Bolton, Stacey
Subject:

Stacey,

I have gotten tied up on a couple of projects this afternoon.  Is it possible that we could meet tomorrow rather than today?  Let me know what your thoughts.

Thanks,

Richard


Mary,
Just checking - Is it correct that you have 6 tax people whose cost is only $88,000?  Please let me know.
Thanks,
Steve

 -----Original Message-----
From: 	Botello, Mary
Sent:	Thursday, August 30, 2001 11:15 AM
To:	Schwarzbach, Stephen
Cc:	Geaccone, Tracy
Subject:	Headcount and CE for ETS

	Steve,
	Here is the data you requested for Rick Causey's direct report groups.

	 << File: 2ce&01headcountAcct.xls >>
	Mary