Today was the first day of FERC's "RTO Week" in Washington, D.C.  The topic of today's panel was "RTO Markets and Design:  Required Markets and Optional Markets."  The issues from both panels were quickly merged and the two panels discussed all of the issues.

All commissioners were present.  Shelton Cannon was the moderator and facilitator.  Purpose is to have intensive discussion to develop FERC guidance.  Focus is on functions rather than characteristics - what should and should not be standardized?

 Midwest Commissioners' Presentation

Several Midwest commissioners were invited to make an opening statement.  David Svanda, Michigan PSC, made the comments.  He said Midwest state regulators believe there are arbitrary boundaries between ARTO and MISO.  State regulators worked hard on the settlement that includes single rate and IRCA.  MISO and ARTO have not resolved critical issues and now there needs significant bolstering of the IRAC effort.  Would like to work with FERC on details of Midwest issues.  They propose to create a Joint Board between FERC and State Regulators, pursuant to section 209 of the FPA, to formalize a FERC/midwest partnership.

Panel One:  Mandatory RTO Markets

The morning panel consisted of the following participants:  Peter Cramton (University of Maryland), David Hadley (Indiana PSC), Mark Kleinginna (Ormet), John Meyer (Reliant), John O'Neal (Mirant), and Roy Shanker (consultant for generators in the Northeast).

Energy Spot Market

There was unanimous agreement among these panelists that the RTO must run a real time energy, or spot, market.  Most panelists agreed that the spot market should be a bid-based, security-constrained system with economic dispatch.  In response to a question from Pat Wood, most also agreed that nodal (LMP) pricing should be used in the spot market, although John Meyer from Reliant stated that zonal pricing is used in ERCOT and that works also.

Day Ahead Market and Balanced Versus Unbalanced Schedules

Most of the panelists said that the RTO should not require balanced schedules.  Peter Cramton said that with a day-ahead market, no need for balanced schedules because the real time market prices will discipline behavior.  John Meyer agrees, saying if there is no balanced schedules requirement, then there might be a need for a day-ahead market.  John notes that ERCOT has a balanced schedule requirement.  John also said that imbalance penalties could be appropriate for imbalances that hurt the system.   Roy Shanker also said FERC needs either a balanced schedules requirement (which he does not recommend) or have a day-ahead market.

ICAP Requirement

Although this was an issue to be discussed by the second panel, the issue was raised in the first panel when the discussion centered on ancillary services.  Most of the panelists (except Peter Cramton) support an ICAP requirement.  However, none of the panelists could point to an effective ICAP market (Roy Shanker says he has an idea of what would work - we will probably see this in comments in the ICAP proceeding due later this week).

Mark from Ormet kept bringing the message back to the need to know the rules and know that the rules will not change substantially over time.  Mark said liquidity in PJM does not help him move power to the Midwest since the rules are undefined outside of PJM.  He cannot enter into long-term contracts because he does not know what the rules will be one or more years out.  He also said you can have an ICAP market but market participants have to be able to meet ICAP requirements through load response.

Standardized Markets

Most of the panelists agreed that the mandatory markets should be real time and day-ahead energy markets, spinning and non-spinning reserves and regulation should also be required and be standardized.

Massey asked if the costs to standardize are outweighed by the benefits.  Roy Shanker said the Northeast works so FERC should not change it.  Even if FERC does not require standardization between the RTOs, creating large RTOs and fixing the problems within the RTOs will be a big improvement.  Mark with Ormet and the Indiana Commissioner both urged FERC to standardize the mandatory markets among the RTOs.

Breathitt asked whether there could be an entirely bilateral market with no mandatory balancing market.  All of the panelists agreed that you must have a real time energy market even with bilateral contracts.

Panel Two:  Optional RTO Markets

The afternoon panel consisted of the following participants:  Fiona Woolfe (lawyer with experience in England and Wales pool); Roy Thilly (Wisconsin Public Power Inc.); Richard Pierce (professor at George Washington); Glen Arthur (Connecticut PSC); Steve Naumann (Commonwealth Edison); Ed Cazalet (APX).

This panel was intended to cover optional market issues, including whether a day-ahead market is needed and whether there should be ICAP markets.  This panel addressed these issues as well as the need for a real time market, market monitoring, and other issues.

Mandatory Markets

Other than Ed Cazalet, the other panelists for the most part agree that the RTO should run a real time and day-ahead energy market, ancillary services markets, and there must be an ICAP requirement.  Ed Cazalet believes that there only needs to be a small balancing market (perhaps with balanced schedules requirements) and leave the creation of any other markets to independent entities to create.

ICAP

Most of the panelists believe that the RTO should provide a day-ahead market, congestion management and ancillary services.  Most also favor an ICAP requirement and market.

Pat Wood said he is not convinced that a blanket ICAP requirement is needed on Day One.  He has been considering an ICAP requirement that does not apply until triggers are reached, and perhaps that should be considered here as well.  He has also been talking with a Northeast regulator about having different requirements for states depending on whether they have retail access or not.

Brownell said she thinks the ICAP debate is one that needs to be resolved now, before RTOs are put in place.  She wonders whether ICAP requirements are needed in the interim until RTOs, with working markets, are up and running.  Not many of the panelists agreed with this, saying temporary ICAP requirements will not send the needed signals to build.

Shelton Cannon (Staff) asked the panelists to assume one Midwest RTO - can there be different ICAP requirements within the RTO?

Steve Naumann said he assumes two Midwest RTOs, but most panelists agree that if the ICAP rules are the same within the RTO, that there could be percentage requirement deviations.

Midwest Commissioners' Proposal to Have a Joint Board

Massey asked all the panelists what they thought of this idea.  None of the panelists, even the Connecticut commissioner, thought this was a good idea, citing the inevitable disagreements and problems that will arise, and the risk that such a Board could slow down progress.

Day Two of RTO Week focuses on Congestion Management in the morning and Transmission Planning and Expansion in the afternoon.  We will get summaries out on these panels tomorrow.

Please call me with questions or comments.

Sarah


EFF_DT PORTFOLIO_ID DOWN95
12/14/00 MANAGEMENT-CRD 0
12/14/00 MANAGEMENT-GAS 1949214.
12/14/00 MANAGEMENT-PWR 340692.
12/14/00 AGG-MANAGEMENT 2167170.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/06/2000
01:51 PM ---------------------------

Jlpnymex@aol.com on 09/06/2000 11:01:23 AM
To: genieand@hotmail.com, RSBaker@duke-energy.com, blackj@wellsfargo.com,
Martha@plunkettresearch.com, dgriffin@earthnet.com, genie@hotmail.com,
robyn.howard@aimfunds.com, agearhart@pkf.com, lcolgin@campbellriggs.com,
crowsley@flash.net, carol_fitzpatrick@agc.com, gburrows@capstone.com,
jhall@harvardreit.com, Jlpnymex@aol.com, martha@plunkettresearch.com,
mara_smith@aimfunds.com, tcostantino@unocal.com, ckcrews@swbell.net,
ddenbina@mpr.com, rdyerlaw@houston.rr.com, edwards@nwol.net,
AGerhardt@pkftexas.com, THEATH@coral-energy.com, robyn_howard@aimfunds.com,
vkamins@enron.com, Monica_Kolb@aimfunds.com, lanejb@wellsfargo.com,
kmmartin-atchison@duke-energy.com, info@nutritionsoundbites.com,
mdm@cyberonics.com, elizabethmorrell@pzlqs.com, KimMorrell@excite.com,
adrian.a.nunez@usa.conoco.com, Jack_Plunkett@plunkettresearch.com,
daricha@ppco.com, MRoberts@coral-energy.com, JStanton@calpine.com,
JStephenson@navigantconsulting.com, dstowers@watersinfo.com,
reneeb@swiftenergy.com, njfitzgerald@coral-energy.com, cthomso@ppco.com,
mwolper@alum.mit.edu, carol_mccutcheon@oxy.com, leesa.foster@ipaper.com,
Woodybc@bp.com
cc:
Subject: **Get together**

Dear Friends:

Fall Happy Hour

Friday, September 15, 2000

after work:  5:30 pm -- 8:00 pm

Ragin Cajun--on the patio
(the new location)

Westheimer at Gessner
(the Randalls shopping center on the corner)

832-251-7171

Feel free to bring friends!

Hope to see you there!!

Jana


"It's a Girl" performed by Weave Dance Company
Weave Dance Co. will perform May 24-26 at 8:00 p.m. at Stages Repertory
Theater, 3201 Allen Parkway at Waugh, Call 713-52STAGE for tickets.  This
performance, called "It's a Girl!" celebrates pregnancy and motherhood.

Donations to the Houston Area Women's Center will be collected at the
performance.  Any of the following items are welcome:  non-perishable,
pre-packaged healthy food snacks such as granola bars and boxed juices, baby
supplies such as formula, diapers, wet wipes, baby lotion, baby shampoo,
pacifiers, socks, plastic bottles, diaper bags, crib sheets for portable
cribs and swim suits and flip flops for children age 4 and older.

Star Wars: Films (May 4-25)
See all four completed films of the legendary Star Wars saga on the big
screen! The MFAH presents special editions of Episodes IV-VI and Episode I in
the newly renovated Brown Auditorium with Dolby Digital dts sound and stadium
seating.

Star Wars: Episode IV-A New Hope
Directed by George Lucas
(USA, 1977, 125 min.)
Friday, May 4, 7:30 p.m.
Saturday, May 5, 11:00 a.m.

Star Wars: Episode V-The Empire Strikes Back
Directed by Irvin Kershner
(USA, 1980, 120 min.)
Friday, May 11, 7:30 p.m.
Saturday, May 12, 11:00 a.m.

Star Wars: Episode VI-Return of the Jedi
Directed by Richard Marquand
(USA, 1983, 132 min.)
Friday, May 18, 7:30 p.m.
Saturday, May 19, 11:00 a.m.

Star Wars: Episode I-The Phantom Menace
Directed by George Lucas
(USA, 1999, 133 min.)
Friday, May 25, 7:30 p.m.
Saturday, May 26, 11:00 a.m.

Tickets go on sale at the Brown Auditorium ticket booth 30 minutes before
show time. The ticket booth is located on the lower level of the Caroline
Wiess Law building.

General admission is $5. Matinee admission (show times before 5:00 p.m.) is
$4. Enron employees with ID receive a $1 discount. Discount passes (10
admissions) are $40 for nonmembers and $35 for members. Children 5 and under
are free. Films are screened in Brown Auditorium in the museum's Caroline
Wiess Law building, 1001 Bissonnet.  Free parking is available.  For more
information, please call 713-639-7515 or visit our website at www.mfah.org.

Mark Your Calendars!...Bring Your Child To Work Day will be Friday, June
29th.  More details to come...See Volunteer section below to for volunteer
opportunities!

Join us in Dublin or Honolulu ----Joints in Motion is a marathon training
program for walkers and runners that is aligned with a fundraising effort for
the Arthritis Foundation - Please call for more information at
713-529-0800.

Many volunteers are needed to help with the planned activities for the Enron
Children on June 29th.  If you're interested, send your name and phone
extension to workperks.enron.com.

Support KidSave and Help Miracles Happen. Every Summer.

Kidsave,s  Summer Miracles Program enables orphaned children ages 5 to 11 to
travel to the  US and Canada, live with families and attend day camp. The
program gives  families who may be concerned about the problems of adopting
an older child a chance to meet, get to know and in the best-case scenario,
fall in love with a  child. The program gives prospective parents an
opportunity to see and evaluate  first-hand the challenges and rewards of
adopting an older  child.

In 1999 and  2000 Kidsave and adoption agency partners placed 432 children -
96 percent of  children who participated in the program. Generally, 85 to 90
percent of  children who participate in the program find homes easily through
the program.  The remaining 10 to 15 percent require more work.

Kidsave  believes every child deserves a family. We are committed to placing
all children  who participate in the Summer Miracles Program in permanent
families or  family-like environments.

We are looking  for families to host children, and for others who want to
help us make the camp  program happen for these 250 children.   As a
non-profit organization, Kidsave depends on donations to raise the  money to
bring these children here and find them families.  Please call Tonya Hoppe at
281.286.8948  or tonya@tonya.cc to get involved in Houston,s  Kidsave
program.

Enron and Kidventure Camps are proud to bring you Camp Enron Summer 2001.
Celebrating our third year, Camp Enron  will once again be providing summer
camp for children, ages 5-13, of Enron employees and contractors.

This year, camp will be May 29-August 10.  Ten, one-week sessions will be
available and families may choose to attend any or all sessions.  Each camp
week is Monday through Friday.

The cost is $150 per week and includes all transportation, field trips and
activities.  A deposit of $50 per week is all that is needed to reserve your
sessions.   The deadline to register is Monday, May 21.

To register, log on to: http://www.kidventurecamp.com/camp_enron.htm.
Spaces are limited.

Enron parents simply ride to work with  their children and check them in to
the Energizer in the morning with the Camp Enron Team.  Enron Campers are
loaded on Coach USA Buses and transported to our nearby camp. At the end of
the day campers are brought back to the Energizer for parents to check out.

It's that easy!

For more information please contact:

web site: www.kidventurecamp.com
call Kidventure: 713.960.8989
e-mail: camps@kidventurecamp.com

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to
EIA@enron.com
no later than 12:00 noon the Thursday prior to the next Monday,s mailing.


Here's what's happening on the QF negotiations through the Treasury Dept.
----- Forwarded by Susan J Mara/NA/Enron on 01/16/2001 11:11 AM -----

	"Steven Kelly" <steven@iepa.com>
	01/15/2001 07:50 PM
	Please respond to "Steven Kelly"

		 To: "Wayne Kawamoto" <wkawamoto@wm.com>, "Ward Scobee"
<wscobee@caithnessenergy.com>, "Tony Wetzel" <twetzel@thermoecotek.com>,
"Thomas Heller" <hellertj@apci.com>, "Steve Ponder" <steve_ponder@fpl.com>,
"Steve Iliff" <siliff@riobravo-gm.com>, "Ross Ain" <ain@worldnet.att.net>,
"Robert Frees" <freesrj@apci.com>, "Pete Levitt" <Pete@calwind.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Paul Wood"
<paul_wood@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>, "Milt
Schultz" <bfpjv@c-zone.net>, "Marty McFadden"
<marty_mcfadden@ogden-energy.com>, "Ken Salvagno" <kbssac@aol.com>, "Ken
Hoffman" <khoffman@caithnessenergy.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "Joe Ronan" <joer@calpine.com>, "Joe Greco"
<joe.greco@uaecorp.com>, "Jack Pigott" <jackp@calpine.com>, "Hap Boyd"
<hap.boyd@enron.com>, "Frank Misseldine" <fmisseldine@caithnessenergy.com>,
"Ed Tomeo" <ed.tomeo@uaecorp.com>, "Ed Maddox"
<emaddox@seawestwindpower.com>, "Duane Nelsen" <dnelsen@gwfpower.com>, "Doug
Levitt" <SDL@calwind.com>, "Doug Fernley" <fernley.doug@epenergy.com>, "Dean
Gosselin" <dean_gosselin@fpl.com>, "Bob Escalante"
<rescalante@riobravo-gm.com>, "Bob Ellery" <bellery@spi-ind.com>, "Bill
Woods" <billw@calpine.com>, "Bill Carlson" <wcarlson@wm.com>, "Bill Adams"
<sangorgon@aol.com>, "Alex Sugaoka" <Alex.sugaoka@uaecorp.com>, "Lucian Fox"
<lucian_fox@ogden-energy.com>, "Rich Dyer" <Rich_dyer@ogden-energy.com>, "Ted
Cortopassi" <TCortopassi@ogden-energy.com>, "William Hall"
<wfhall2@duke-energy.com>, "Sue Mara" <smara@ect.enron.com>, "Roger Pelote"
<roger.pelote@williams.com>, "Rob Lamkin" <rllamkin@seiworldwide.com>, "Kent
Palmerton" <kent.palmerton@williams.com>, "Jeff Dasovich"
<jdasovic@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Eric Eisenman"
<eric.eisenman@neg.pge.com>, "Curt Hatton" <curt.hatton@gen.pge.com>, "Cody
Carter" <cody.carter@williams.com>, "Carolyn Baker"
<cabaker@duke-energy.com>, "Mark Smith" <Mark.J.Smith@fpl.com>
		 cc: "Jan Smutny-Jones" <smutny@iepa.com>, "Katie Kaplan" <kaplan@iepa.com>,
"Carol Hudson" <Chudson@iepa.com>, "Steven Kelly" <steven@iepa.com>, "Andy
Brown" <abb@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Kent Burton"
<kent_burton@ogden-energy.com>
		 Subject: Fw: PG&E QF Forbearance and Energy Pricing Principles

Attached are the PG&E QF Forbearance and energy pricing principles developed
in the PG&E/QF-Gas Working Group.  This principles will be discussed
tomorrow, Tuesday;
----- Original Message -----
From: Diane Fellman <difellman@energy-law-group.com>
To: Carol Hudson (E-mail) <chudson@iepa.com>; Steven Kelly (E-mail)
<steven@iepa.com>
Sent: Monday, January 15, 2001 7:55 PM
Subject: FW: PG&E QF Forbearance and Energy Pricing Principles

> Dear Carol,
>
> Steven asked me to forward this to you.  He asked to forward this to the
> Restructuring Task Force and the QF Contract Task Force.  Call him on his
> cell phone if you have any questions.
>
> Thank you,
>
> Diane I. Fellman
> Energy Law Group LLP
> 1999 Harrison Street, Suite 2700
> Oakland, CA 94612
> Telephone:  (415)703-6000
> Facsimile:   (415)703-6001
> email:  difellman@energy-law-group.com
>
>
>
>
> -----Original Message-----
> From: Manheim, William (Law) [mailto:WVM3@pge.com]
> Sent: Monday, January 15, 2001 7:21 PM
> To: 'difellman@energy-law-group.com'
> Subject: FW: PG&E QF Forbearance and Energy Pricing Principles
>
>
>
>
> -----Original Message-----
> From: Michael Alcantar [mailto:mpa@aelaw.com]
> Sent: Monday, January 15, 2001 7:16 PM
> To: Kugelman, Richard; Hapner, Dede; Manheim, William (Law); Reid, Alice
> (Law); Steve Greenwald
> Cc: Joe Karp; Doug Kerner; Jerry Bloom; Evelyn Kahl Elsesser; James A.
> Ross
> Subject: PG&E QF Forbearance and Energy Pricing Principles
>
>
> Attached is our draft for further discussion.  The draft is in
> Wordperfect format.
>
>
>

 - 01-15-01 PG&E & QF Energy Pricing Principles for DC Summit.wpd


Veronica,
Priscilla with Orion Power has requested we provide them with a Master
Agreement for their consideration.   She stated on the phone today, that we
have a CA agreement in place and she is preparing credit info for you.
Please see below phone number etc for Priscilla.

thanks!!

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 Debra Perlingiere/HOU/ECT on 12/01/2000 01:48 PM -----

	"Babilonia, Priscilla" <Priscilla.Babilonia@orionpowerny.com>
	11/06/2000 04:40 PM

		 To: "'dperlin@enron.com'" <dperlin@enron.com>
		 cc:
		 Subject: FW: GISB with Orion Power

Debra:

Here's the GISB and Orion's Special Provisions.? Please forward your special
provisions to me at this email address or, if you prefer, via regular mail,
at:

225 Greenfield Parkway, Suite 201
Liverpool, NY 13088

Thank you for your assistance.

Sincerely,

Priscilla Babilonia
tel: 315-413-2824
fax:315-461-8577

-----Original Message-----
From:?? Babilonia, Priscilla
Sent:?? Tuesday, August 08, 2000 3:56 PM
To:???? 'scott.hendrickson@enron.com'
Subject:??????? GISB with Orion Power

Scott:

As we discussed over the phone, Orion Power would like to begin trading with
Enron.? Attached are Orion's addendum and GISB for your review.

Please forward any comments or questions to me.? We look forward to doing
business with Enron.

If you need updated credit info, please contact Orion's treasurer, Jesse
Gardner, at (410) 230-3504 or e-mail: jesse.gardner@orionpower.com

Sincerely,

Priscilla Babilonia
Orion Power
tel: 315-413-2824
fax: 315-461-8577
e-mail: priscilla.babilonia@orionpowerny.com

 <<Final GISB Contract.doc>>  <<GISB Addendum-Enron.doc>>

 - Final GISB Contract.doc
 - GISB Addendum-Enron.doc


thx for email. likely that kirby/dunn will sign deal today?  best, jeff


----- Forwarded by Jeff Dasovich/NA/Enron on 12/11/2000 09:59 AM -----

	Dasovichd@aol.com
	12/10/2000 04:39 PM

		 To: charryl@pacbell.net, Jeff_Dasovich@enron.com, dasovich63@hotmail.com,
rrf_gibson@marad.dot.gov, robert.holt@eng.sun.com
		 cc:
		 Subject: Christmas presents--we've picked the names

Merry Christmas to all!

Thanks to Jeff for picking the names.
The list is below; buyer on the left, recipient is on the right. Now our
shopping can begin....

Mom     buys for        Debbie
Jeff                           Mike
Prentice                    Steve
Robert                      Charry
Dad                          Nancy
Steve                        Robert
Nancy                       Jeff
Charry                       Prentice
Mike                         Mom
Debbie                      Dad

Jeff, please forward this to Prentice.  I will call Mom and Dad.

Finally, Mike and I are hosting Christmas Day at our house with a big assist
from Jeff on the dinner preparation.  I will probably do it the same way we
do Thanksgiving at Steve and Charry's by asking each of you to bring/make
something.  We are looking forward to having you all here.

Debbie


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 03/20/2001
Transaction Summary
External Transactions Today	4,713
Average Daily External Transactions (30 day Trailing Avg)	4,505
Total Life to Date Transactions	789,916

EnronOnline Daily % of Entity's Total Transactions for 03/20/01	Trans	Percent
Enron North America	3,548	74%
Enron Europe Limited	321	46%
Global Markets	306	48%
Enron Metals	536	26%
Enron Industrial Markets	0	0%
Enron Transportation Services	2	6%
Enron Broadband Services	0	0%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	56%

Gross Notional Value of EnronOnline Transactions	Total
Today	3,191,448,172
MTD	34,838,179,998
LTD	475,274,069,735
Average Daily Notional Value (30 Day Trailing Avg)	2,436,053,655

Notional Revenue from Physical Flows to Date	35,463,709,036

Counterparties, Users, and Products Offered
Counterparties having transacted to date	703
New Counterparties transacting for the first time today	0
Number of Products Offered Today	1,636
Total Number of External Users Logged on Today	3,429
Average # of External Users logged on (30 day Trailing Avg)	3,532


Here is a copy of the agreement, made all the more ugly by my redaction
"surgery."

I have put some terms that you will want to think through carefully in
italics.  I totally removed some other provisions that were particularly
deal-specific (e.g. an obligation to offer to sell them the project if we
decided to abandon it--I know, it's damn weird, but they were hung up on some
strange things).

Let me know if I can answer any questions.

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 15, 2001 3:40 PM
To: Rasmussen, Dale
Subject: RE: tolling

Thanks!


As per article 7.1.4 "Terminal Operator Demand Borrowing and LPG Withdrawal
Rights" of the LPG Storage and Services Agreement by and between EcoEl,ctrica
L.P. and ProCaribe a Division of the Protane Corporation, ProCaribe needs to
borrow 1,200 metric tons from EcoEl,ctrica to be returned on the next ship
that we bring LPG.

Saludos


Hi Tana,

I was told to pass this NDA info (below) to you.  Would you please email this to Vince Cook at his email address noted below with a cc to me?  Please let me know if you have any questions.

Thank you.

Nick

-----Original Message-----
From: Cook, Vincent [mailto:vcook@comsys.com]
Sent: Thursday, October 04, 2001 6:17 PM
To: Tubach, Nick
Subject: RE: NDA

Nick,
Assume you will send a soft copy so I can forward to legal for review.
Thanks,
Vince

COMSYS Information Technology Services, Inc.
4400 Post Oak Parkway
Suite 1800
Houston, TX 77027

Contact:  Vincent E. Cook, Senior Vice President & General Manager - West
Division

-----Original Message-----
From: Tubach, Nick [mailto:Nick.Tubach@enron.com]
Sent: Thursday, October 04, 2001 3:33 PM
To: Cook, Vincent
Subject: NDA

Hi Vince,

It was good to talk to you today.  I need the following for the NDA:
Exact legal name
Corp Address
Contact (if other than you) and title

Hopefully we can strike a mutually fruitful relationship.

Talk to you soon,
Nick

P.S.
Also, just a couple of suggestions for your web site team.
1.  Get rid of the "boing" mouseovers on the main page.That's awful!
2.  Under "Contact" it should be more than a form to email in.  Add
contact information.

Just my thoughts.  I liked your previous site (from a user-friendliness
perspective) better.

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


I was advised by Lad Lorenz of Socal that their original application sets
forth the plan by which they will sell the residual gas in the Montebello
storage field.

Can you please advise me of the final tems of the PUC decision (should have
been announced yesterday) and get a copy of the application?

Based upon yesterday's conference in D.C., I  think the restructuring of
Socal's backbone transportation is about to become a hot topic again! Please
keep us apprised.

Regards,

Stephanie


Did not get a contract.  No significant issues with Legal rpting although my team has questions on prc and bonus.  Can we talk next week?
Jim
--------------------------
Jim Steffes
Enron


Thanks for your note.  With the increased focus on our middle office products
and the possible outsourcing of those, I am in very stong agreement that all
groups need to start documenting their processes and procedures and believe
it falls under my responsibility to ensure they do so.

I would be very interested in knowing a bit more about SCOR as any tools - I
just received the package you sent me. I'll look it over and get back to you
on how I intend to approach this.

Thanks

HEIDI MASON@ENRON_DEVELOPMENT
02/11/2001 07:06 PM
To: Shona Wilson@Enron
cc: sally.beck@enron.com

Subject: Your Input please

Shona

Sent a message to Sally earlier this week that I realised afterwards would
have been best directed to you in the first instance. Apologies for that.

I was and still am, seeking input on the whole issue of the level of written
control procedures we should have and the best way to achieve that. When I
first started here I was a little surprised at the lack of written
procedures. While I believe the actual control structure is good, there is
very little in writing, even in the most generic form. In discussing this
with Paul Quilkey, he noted that policy, at least when he was in Houston, was
to deliberately minimise the written procedures to prevent it being too
transportable.

The reason for my query is that I last week looked at SCOR, a control review
process marketed by the Aust Financial Markets Association. It is a risk
control review process which allows you to benchmark your processes and which
provide detailed documentation which can be personalised to your business, to
create controls review. It is very detailed and has been subscribed to by
most of our competitors in the energy market.

I am interested in subscribing, it we want/need detailed review notes,
however in light of PQ's comments I wanted your feed back on exactly what is
required/desirable to have for each site.

With thanks

Heidi


Questions about 12/29 rentroll:

 There were two deposits that were not labeled.  One for $150 and the other
for $75.  Which apartments?  20a or #13?

 Utility overages for #26 and #44?  Where did you get these amounts?  For
what periods?

What is going on with #42.   Do not evict this tenant for being unclean!!!
That will just create an apartment that we will have to spend a lot of money
and time remodeling.  I would rather try and deal with this tenant by first
asking them to clean their apartment and fixing anything that is wrong like
leaky pipes.  If that doesn't work, we should tell them we will clean the
apartment and charge them for the labor.  Then we will perform monthly
inspections to ensure they are not damaging the property.  This tenant has
been here since September 1998, I don't want to run them off.

I check with the bank and I did not see that a deposit was made on Tuesday so
I couldn't check the total from the rentroll against the bank.  Is this
right?  Has the deposit been made yet?

 A rentroll for Jan 5th will follow shortly.

Phillip


> DELL & ENRON ClickAtHome ORDER CONFIRMATION
>
> Thank you for your Enron ClickAtHome order!  Please read and retain this
> e-mail for your records.  It contains important information relating to
> your order that should be used in any future communications with Dell.
>
> Your Dell customer number is:  12213206
>
> Your order number is:  486116486
>
> Your total "Out of Pocket" amount:  $366.79
> The total "Out of Pocket" amount includes upgrade costs, shipping and
> taxes.
>
>
> Your Online Sales Point of Contact:
> We are here to assist you with your order if needed. Our office hours are
> Monday- Friday, 8am-7pm Central Standard Time.  You can reach our office
> by calling 1-866-220-3355 or through e-mail at:
> US_EPP_Clickathome@dell.com <mailto:US_EPP_Clickathome@dell.com> .
>
> Estimated Ship Date:
> We estimate that your order should be shipped on or before 12/29/00.
> Although we do not anticipate a delay in your order, we cannot guarantee
> the shipping date as we occasionally run into unexpected delays in
> manufacturing.  Your order is being shipped to you under Dell's terms and
> conditions of sale found at: www.dell.com <http://www.dell.com>.
>
> Total Satisfaction Policy:
> If you wish to cancel your order for any reason within 30 days, we'll
> refund amounts paid by you, minus shipping costs, no questions asked.  You
> are responsible for the cost of shipping your system back to us.
>
> How to Check Order Status:
> If you would like to check the status of your order, please call Dell's
> automated order status inquiry system at:  1-800-433-9014, or visit Dell's
> Order Status Page at: <http://wwwapp.us.dell.com/us/en/ordstat/index.asp>.
>
>
> You can also register to have Dell e-mail you when your order is shipped,
> by going to:
> <http://wwwapp.us.dell.com/us/en/ordstat/watchreg.asp?ordnum>.
>
> How to reach a Technical Support Representative:
> Once you have received your equipment, if you need to contact a Dell
> technical support representative, please call 1-866-220-3355, option 3.
> You will be asked to give your "Service Tag Number".  The "Service Tag
> Number" is a five digit alphanumeric number written on the white bar code
> label on the back of the system.  Please have this number ready before you
> contact the technical support representative.
>
>
> Thank you for participating in the Dell/ Enron ClickAtHome program.  It is
> my pleasure to work with you.
>
> Sincerely,
>
>
>
> Jerome Alder
> Dell Sales Rep.
> EPP
> 1-695-8133
> Ext. 49761
> Email:Jerome_Alder@Dell.com
>
>


Start Date: 1/5/02; HourAhead hour: 13;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010513.txt


Mike,

I just wanted to send you a quick note to let you know that I enjoyed meeting
with you and your wife.  If there is any additional information that I can
furnish you with (homeowner reference list, etc.) please let me know.  I can
be reached at the following  numbers: pager (281) 279-6500 or cell phone
(281) 960-3749.

I look forward to speaking with you in the near future.

Alan Kent, President
Flair Custom Homes


Please be advised that the prepayment of $ 1,773,000 for the January transportation was received December 26.

Regards.

 -----Original Message-----
From: 	Cherry, Paul
Sent:	Friday, December 21, 2001 11:57 AM
To:	Howard, Kevin A.; Peters, Jerry; Hayslett, Rod
Subject:	PG & E Prepayment December 26.

FYI

I received a voice mail from Jack Foley at PG &E wanting to breakup the prepayment ($ 1,700,000 ) due December 26 into four weekly installments. My response is to reject that request and walk him through TW with the most current information. This would be similar to what Kevin did with two vendors this morning, Nuovo Pignone and LaBarge Steel.

Regards.


Notice No. 00-372
November 6, 2000

TO:
All COMEX Members/Member Firms
All COMEX Clearing Members
All COMEX Floor Traders
All COMEX Operations Managers

FROM: Michael Campanelli, Vice President, Floor Operations, COMEX Division

RE:Options Expiration Operational Procedures for the Trading Floor and
Clearing Members
______________________________________________________________________________

The expiration date for the December 2000 options contract for Silver (SO Z0)
and Gold (OG Z0) is Friday, November 10, 2000.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized on-line
trade entry (OLTE) system trained representative available
until released by the Exchange staff.  All adjustments  and/or corrections,
must be accompanied by relevant supporting documentation prior to being
incorporated into expiration processing.  In essence, making the expiration
processing an extension of the afternoon trade resolution procedures.

Exchange Clearing (299-2110) and Trade Processing (299-2465 and 299-2044)
personnel will be available to assist with the processing of notices of
Exercise and Abandonment, position transfers, trade corrections and other
questions or problems you may have.

Failure by any Clearing Member or qualified Floor Trader to comply with
procedures as outlined herein may result in severe disciplinary action by the
Exchange and potential financial liability to customers or members for
failure to exercise diligence in the processing of information.

TRADING FLOOR OPERATIONAL PROCEDURES

Trading in the December 2000 Silver and Gold Options Contracts will cease at
2:25 P.M. and 2:30 P.M. respectively on November 10, 2000.  All Brokers and
Traders must inform their Clearing Members of their intentions to exercise or
abandon such Options by 4:00 P.M.

On Friday, November 10, 2000, all Brokers and Clearing Members must have a
duly authorized, On-Line Trade Entry (OLTE) system trained
representative available until such time as the Exchange deems necessary.

NOTE: After 4:30 P.M. all expiring option trade data must be inputted on
special OLTE terminals located in the Trade Processing Room.
Any other means of submission will be rejected by the Exchange.  Members will
be able to submit all other trade data until 5:00 P.M.

After the UTR and the Preliminary Spot Month Matched Trade Reports are
displayed, Clearing Member representatives will be able to pick up their
Preliminary Clearing reports at the Clearing Department.

A final review of all submissions will be made, the Supervisor of the Trade
Processing Room will detain only those Clearing Members and/or Broker
representatives involved.  All final corrections will be made at this time
and upon determination of the Supervisor that all option processing is
complete, all representatives will be released.

Exchange Reports based on Friday,s submissions and processing will be
available on Monday morning November 13, 2000.

In the event that you have any questions regarding the foregoing trading
floor procedures please contact Michael Campanelli at (212) 299-2072 or David
Sherman at (212) 299-2061.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

1. OPEN POSITION CONFIRMATION (OPC) - The OPC should reflect
as accurately as possible all futures and options gross positions as of
close-of business on the business day prior to expiration.  Review the
estimated current gross positions as shown and make appropriate adjustments.
The OPC must be submitted not later than 9:00 AM.

2.   OPTIONS EXERCISE/ABANDONMENT REQUEST FORM (E/A) - An
expiring option with a strike price in-the-money by one tick or more will be
subject to automatic exercise unless an Option Abandonment Request form is
submitted advising that a Clearing Member (CM) elects to
abandon some or all of its position in that strike price (i.e., for the
option series).  All other options series in the expiring month will be
subject to automatic abandonment unless an Option Exercise Request form is
submitted.  When submitting an E/A form, please note the following:

(a) An E/A form must be submitted not later than 5:00 PM.
(b) Do not submit an Exercise form for positions in strike prices, which are
subject to automatic
Exercise nor submit an Abandonment form for positions in strike prices, which
are subject to automatic abandonment.
(c) If a CM wishes to submit an E/A form to abandon a position in a strike
price subject to automatic exercise or wishes to exercise a position in a
strike price which is out of the money, it is necessary to notify Clearing by
telephone of such anticipated action.  The CM must have an officer available
to confirm such intention.
(d) CMs may secure from Clearing a time-stamped receipt of the CM copy to
assure submission  of the CMs E/A forms.

3. OPTION POSITION REDUCTION REQUEST FORM (OPRR) - As a
general rule, purchases and sales of option contracts are presumed to be new
business.   If some or all of your purchases and sales are in fact undertaken
for position liquidation purposes, OPRR forms may be submitted on the day of
expiration and will be used in conjunction with trade data to reduce your
projected position in an expiring contract.  OPRR requests in excess of
actual traded volume will be rejected.  Exception: Cabinet trades and cancel
correction trades will automatically liquidate existing positions, therefore
do not submit an OPRR form for cabinet or cancel correction trades.
The OPRR form must be submitted not later than 5:00 PM.

4. HOUSE/CUSTOMER POSITION TRANSFER REQUEST FORM (H/C) - H/C
forms may be used only to transfer previously cleared contracts between a
CMs house and customer accounts. Problem trades (those which have not
cleared prior to expiration day), must be corrected using COMEXs
on-line trade entry system under the direct supervision of the Trade Audits
Department of COMEX (Trade Audits).  The H/C form must be
submitted not later than 3:30 PM.

5. EX-PIT POSITION TRANSFER REQUEST FORM (Ex-Pit) - Ex Pit
forms may be used only to transfer previously cleared contracts between CMs.
Problem trades (those which have not cleared prior to expiration day), must
be corrected on the on-line trade entry system under the direct supervision
of Trade Audits.  The Ex-Pit form must be submitted not later than 3:30 PM.

 *****
A) At approximately 4:15 PM, two PRELIMINARY reports of the expiration
process will be available for distribution at the Nymex Clearing Department:

1. OPTION EXPIRATION REPORT AND CONFIRMATION - The purpose of this report is
to project the CMs present position going into the expiration based
upon the transactions which have already been submitted to Clearing.  CMs
should review and modify their adjusted gross positions as of
close-of-business on the business day prior to expiration.  Further
adjustments may be submitted not later than 5:00 PM.  The projected ending
gross positions will reflect transactions accepted or rejected for clearance
on expiration night, inclusive of Ex-Pit, H/C and OPRR transactions which
have been submitted to Clearing prior to 3:30 PM, and trade information
submitted to COMEX prior to 3:45 PM.  Normally, this report will also reflect
manually submitted Exercise and Abandonment instructions, the projected
number of exercises and maximum potential assignments for each strike price,
the type of exercise (manual or automatic), whether the strike is In, At or
Out of the money, and the exerc!
is!
e value associated therewith based on settlement prices established by COMEX
on the day of expiration.

2. TRANSACTION LISTING - This listing will include in detail all expiring
option trades submitted to COMEX prior to 3:45 PM on expiration day, and all
H/C, ExPit, OPRR and E/A transactions submitted to Clearing Prior to 3:30 PM.

Please note: Trade information reflected on the option expiration report and
transaction listing are trades submitted only. To inquire whether trades have
matched, each CM must review the trade reports provided by COMEXs
On-Line Trade Entry (OLTE) system.

B) At approximately 5:30 PM, FINAL reports of the expiration process,
including all submissions to Clearing and trade information submitted to
COMEX made by 5:00 PM, will be available for distribution at the Nymex
Clearing Department.

C) At 5:45 PM, Preliminary In The Money Abandonment and Out Of The Money
Exercise information will be announced on Fast Facts.

D) At Approximately 7:30 PM, a Final Notice of Exercise/Assignments will be
available in each CMs lockbox located at the Nymex Clearing
Department.  Each CM, which has exercised or been assigned one or more
options will receive a separate statement showing exercises and/or
assignments for each option series.  Please check this statement carefully.
Although long options positions in-the-money by one tick or more will be
automatically exercised, not all short option positions will be assigned if
there are any options manually abandoned at such strike prices.  Please note
that there also may be some at or out-of-the money options being exercised.

E) At approximately 9:00 PM, the final set of clearing sheets will be
available in each CMs lockbox located at the Nymex Clearing
Department.

It is strongly recommended that each CM have a representative(s) that is
properly trained to handle the option expiration process available beginning
at 4:15 PM and who will receive the CMs reports at the specific
times.  It is solely the responsibility of the CM to review these reports and
to notify the Clearing staff immediately of any discrepancies.

To obtain the exact time of the availability for each report, clearing
members should call (212) 513-7405, access code 702.  The announcement time
will occur  hour prior to availability.

Attached please find a Clearing Member Procedure Summary for ease of
reference.  Please contact John Ramos at (212) 299-2142 (Members 001-500) or
Mel Garcia at (212) 299-2144 (members 501-999) if you have any questions.

OPTION EXPIRATION PROCESSING CLEARING MEMBER PROCEDURE SUMMARY

Time: 3:30 PM
Activity: Expits, H/C transfers, Option Position Reduction and
Exercise/Abandon notices
Event: Submission to Clearing cutoff time.
Notes: Final cutoff for Expits and H/C tranfers

Time: 3:45 PM
Activity: Call Fast Facts to obtain availability time of Preliminary Option
Expiration Reports.
Event: Fast Facts notice of Availability

Time: 4:15 PM
Activity: Preliminary option expiration reports available to clearing members
at NYMEX Clearing Department

Time: 5:00 PM
Activity: Options Position Reduction, Exercise/Abandon notices and Gross
Position Adjustments
Event: Submission to Clearing Cutoff Time
Notes: Final cutoff for Option Position Reduction, Exercise/Abandon notices
and Gross Position Adjustments

Time: 5:05 PM
Activity: Call Fast Facts to obtain availability time of Final Preliminary
Option expiration Reports
Event: Fast Facts notice of Availability

Time: 5:30 PM
Activity: Final Preliminary option expiration reports available to clearing
members at NYMEX Clearing Department.

Time: 5:45 PM
Activity: Call Fast Facts to obtain Preliminary In the Money Abandonment and
Out of the Money Exercise Information
Event Fast Facts notice of information
Notes: New Event

Time: 6:00 PM
Activity: Corrections to previously Submitted Adjustments or Notices
Event: Correction period cutoff time (30 minutes after final preliminary
report is distributed)
Notes: Final cutoff for corrections

Time: 7:00 PM
Activity: Call Fast Facts to obtain availability of final expiring option
position and Exercise/Assignment report
Event: Fast Facts notice of Availability

Time: 7:30 PM
Activity: Final expirating options position and Exercise/Assignment report
available in clearing member's lockbox at NYMEX Clearing Department

Time: 8:30 PM
Activity: Call Fast Facts to obtain availability of final clearing reports.
Event: Fast Facts notice of Availability

Time: 9:00 PM
Activity: Final clearing reports available in clearing member's lockbox at
NYMEX Clearing Department.

Please contact John Ramos at (212) 299-2142 (Members 001-500) or Mel Garcia
at (212) 299-2144 (members 501-999) if you have any questions.

__________________________________________________
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Features: angels find investment opportunities abound and mobile
wireless operators explore the Internet. Broker reports: independent
Wall Street guru Charles Payne explains why the Street will rally on,
21st century energy considerations, and more.

Don't forget: you can see the most queried tickers, best selling
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Below
--------

- Investment ideas
- Broker and third-party research
- Online advice and chats
- Free and sponsored reports

Investment ideas
-----------------------------------------

1. INVESTMENT IDEAS
Mobile phone makers eye wireless Internet opportunity
Companies look past current troubles toward growing the mobile data market

by John Filar Atwood, equity research columnist

Worsening economic conditions have caused a major strategic shift in the mobile
handset industry. The segments top companies have begun to de-emphasize phone
sales and are eyeing the wireless Internet as a key driver of future revenues.

Its no surprise given recent industry performance. Third quarter handset shipments
were down by 10% over last year. Motorolas (MOT) sales fell by 22% in the quarter,
and Ericssons (ERICY) phone operations have been so damaging to its bottom line
that the company finally moved them into a joint venture with Sony (SNE).

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=4447&nd=1126

2. INVESTMENT IDEAS
Angelic missions rising
As VC funding slows, angel investors find new wings.

By Carla Drysdale

As the country struggles to its feet after the crash of the new economy,
exacerbated by the Sept. 11th attacks on the WTC, angel investors have
been doing their part to help by continuing to provide seed money to startups.

Angels, entrepreneurs-turned-investors, first earned this moniker during
depression-era New York by bailing out ailing Broadway theatre companies.
Since then, angel investments, along with those of venture capitalists, have
expanded from Broadway to the Internet and beyond. Now, because traditional
VCs are slowing the pace of investments, angels have new opportunities to
swoop down to fill in the seed-stage gap.

Click here to read more.
http://www.multexinvestor.com/article.asp?docid=4461&nd=1126

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the insightful reports on companies and markets worldwide with the FT's
unique, global perspective.

SUBSCRIBE TODAY: https://www.ftsubs.com/JBE14J303
==============================================================

Broker and third-party reports
-----------------------------------------

1. TODAY'S SPECIAL REPORT
Robertson Stephens provides a comprehensive look at future energy investment
themes.

The firm identifies 3 sub-sectors they see in the energy technology industry.
They discuss industry fundamentals, solution demands, fuel cell technologies,
regulatory issues, and the universe of energy technology companies.
(231-page report for purchase - $300)
http://www.multexinvestor.com/download.asp?docid=25583277&nd=1126

2. EDITOR'S PICK: CURRENT RESEARCH FROM THE CUTTING EDGE
Robertson Stephens looks at Q4 ad spending trends for radio and television
companies.

The firm looks at year over year spending comparisons, considers the effects of
the Sept. 11 tragedy, automobile promotions, and upcoming spending catalysts.
In the report, RS identifies 4 companies it considers "buys." (6-page report for
purchase - $25)
http://www.multexinvestor.com/download.asp?docid=25527693&nd=1126

3. WHAT'S HOT?
Needham & Co. reports on the communications chip inventory situation.

Needham comments on chip inventories among both original equipment
manufacturers (oem) and contract manufacturers (cm). They provide a chart-
based '99-'01 analysis of inventories for oems, cms, Cisco (CSCO), and Nortel
(NT). (2-page report for purchase - $10)
http://www.multexinvestor.com/download.asp?docid=25514267&nd=1126

4. INVESTORS' CHOICE: 3-DAY FAVORITE
Standard & Poors profiles the NYSE's most capitalized company,
General Electric (GE).

S&P provides an overview, business summary, and industry outlook for GE.
Also included in the report, a peer group comparison, recent news headlines,
Wall Street analysts' consensus opinions, and S&P's fair value for
the stock. (5-page report for purchase - $5)
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5. THIRD-PARTY REVIEW
Wall Street Strategies makes the case for continued strength in stocks.

Principal analyst Charles Payne cites several reasons he sees investors driving
the market higher. Also, he takes a technical look at major market indexes and
rates stocks in the consumer sector, including Phillip Morris (MO). (19-page
report for purchase - $150)
http://www.multexinvestor.com/download.asp?docid=25526308&nd=1126

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Multex's The Telecomm Analyst features daily telecommunications-industry
specific research highlights, investment ideas, analyst opinions, portfolio
strategies: http://www.multexinvestor.com/Analysts/HomeTTA.asp

To be sure you receive your TTA newsletter every week, click here:
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Online advice and chats
-----------------------------------------

1. ASK THE ANALYST
Schaeffer's Research's Bernie Schaeffer discusses important technical market
levels.

Schaeffer takes a look at recent market activity, keying on trendlines, possible
points of resistance, as well as development of overly bullish sentiment. What
critical technicals should you be looking at? Ask Bernie questions until Mon.
Nov. 26.
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Prepare for the investing week ahead with Bernie's insight to the hottest
sectors and stocks. Sign up below for Bernie's FREE e-weekly market report,
Monday Morning Outlook. Click here
http://www.schaeffersresearch.com/redirect.asp?CODE=GB01A8&PAGE=1

2. ASK THE EXPERT
American Century Investment's Karen Burnett talks about choosing a retirement
plan for your business.

Choosing a retirement plan for your business or yourself is one of the most
important financial decisions you will make. Karen Burnett of American Century
Investments will take your questions until Thurs., November 29.
http://www.multexinvestor.com/AskTheExpertForm.asp?&nd=1126

Free and sponsored reports
-----------------------------------------

1. FREE RESEARCH REPORT
Prudential looks at recent developments in computer and application software.

The analysts discuss the launch of Microsoft's (MSFT) Windows XP and XBox,
Computer Associates (CA), Wind River Systems (WIND), Symantec (SYMC), Vignette
(VIGN), and more. This 11-page report, which usually sells for $25, is free
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2. DAILY FREE SPONSOR REPORT
Morgan Stanley sets a $28 price target on diversified technology company
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on this and other stocks to see its key investment positives and investment risks.
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----- Forwarded by Susan J Mara/NA/Enron on 02/01/2001 09:50 AM -----

	JMB <JBennett@GMSSR.com>
	01/31/2001 05:33 PM

		 To: "'James.D.Steffes@enron.com'" <James.D.Steffes@enron.com>,
"'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>,
"'Travis.McCullough@enron.com'" <Travis.McCullough@enron.com>,
"'smara@enron.com'" <smara@enron.com>, "Robert Williams (E-mail)"
<Robert.C.Williams@enron.com>, "Mike Smith (E-mail)" <msmith1@enron.com>
		 cc: MBD <MDay@GMSSR.com>
		 Subject: Commission Order on Securitization of Accounts Receivable

At the Commission meeting this afternoon, the Commission voted out an order
allowing PG&E to pledge its gas customer accounts receivables for the
purpose of obtaining gas supplies for its core customers.  The Commission
did not allow PG&E to pledge its electric customer accounts receivable for
the same purpose.  The Commission did, however, provide for PG&E to pledge
it core gas inventory for the purpose of procuring core gas supplies.  PG&E
may only pledge its inventory if  the value of its gas accounts receivable
is less than the amount it owes gas suppliers at the time of any particular
gas purchase. PG&E's authority to pledge its accounts receivable and
inventory is effective for 90 days or earlier if its credit rating improves.

This decision should be posted on the Commission's web site tomorrow, but if
any one would like a copy earlier, let me know, and I will fax it to you.

Jeanne Bennett


Please review and e-mail me your comments.

Thanks


GAS DAILY
                             ON-LINE EDITION
                             May 15, 2001
***FERC launches formal hearing in El Paso case
     A collection of high-powered attorneys crowded a FERC hearing
room yesterday for the launch of a formal hearing into
allegations of market power abuse by El Paso and its affiliates.
While a decision is still a way off, the presiding judge in the case
made it clear that FERC must find a precise way to measure market
share in California before ruling on the case.
     The hearing also marked the public release of a controversial
market power study by The Brattle Group, which was commissioned
by Southern California Edison to find evidence of market power
abuse by El Paso marketing affiliate El Paso Merchant Energy. The
Brattle Group said that it found substantial evidence that El Paso
manipulated California's gas market -- a claim that remains
strongly in dispute (see story, page 4).
     In an opening statement, FERC Chief Administrative Law Judge
Curtis Wagner laid down the parameters for the hearing. The
burden of proof, he said, is on the California Public Utilities
Commission, which filed the original Section 5 complaint against
El Paso. But once a case is made, Wagner added, "the burden of
going forward with evidence to rebut that case shifts to El Paso
Merchant and the parties on its side of the table."
     The case originated last year, when the CPUC asked FERC to
abrogate a series of transportation contracts between El Paso
Natural Gas and El Paso Merchant. The California regulators
claimed the capacity award was rigged, and further complained of
a conspiracy to drive up the delivered price of gas into California.
     In March, FERC dismissed the CPUC's claim that there was
favoritism in the bidding process for El Paso pipeline capacity (GD
3/29). But the commission also sent the case before an ALJ, saying
the case raised larger questions of market power. According to
FERC, certain disputed issues of fact need to be examined at a
hearing before a decision can be rendered.
     One of the biggest issues will be determining whether the
affected market is the entire state of California or whether it is
just Southern California. The CPUC and Southern California Edison
maintain that only the Southern California market is at issue,
while El Paso argues that the case applies to the entire state.
     The outcome of the case could hinge on that distinction. As
Wagner noted in his opening remarks, "The question of the
geographic market makes a tremendous difference in how El Paso
Merchant's market share will be measured and the results."
     If the entire state is considered as a single market, said
Wagner, then El Paso Merchant would have a market share that,
depending on methodology, would range between 17% and 26.8%.
But if the CPUC's contention that the market is Southern
California holds up, he added, then El Paso Merchant's market
share would be between 35% and 44.9%.
     Finding out whether market power exists also depends on how
many players are involved in a particular market. Wagner said
that the parties need to reach a stipulation among counsel on the
number of players. In addition, he said that he would need a better
geographic description of El Paso Merchant's capacity holdings
and information on the price differential of gas between Northern
and Southern California.
     Finally, Wagner directed a number of questions to El Paso. El
Paso Merchant, he said, "should answer the CPUC's question as to
why it subscribed for the involved [1.2 billion cfd] for 15 months
when it had no market for that amount." In addition, said Wagner,
El Paso should "show whether it sold in the secondary market
short-term releases of the excess [capacity] at a price higher than
it paid."
     Wagner also heard arguments over the admissibility of certain
evidence.
     Given the volume of testimony involved, the case will require
some legal heavy lifting before a preliminary decision is reached.
Noting that he received a nearly two-foot high stack of testimony
last week, Wagner said that reading prehearing briefs and
prepared testimony "consumed a very beautiful Sunday in
Washington." (RP00-241)     NH

***El Paso takes aim at Calif. Assembly, study
     In an effort to clear its name in the ongoing California market
power controversy, El Paso is going on the offensive. The company
yesterday issued a riposte to claims -- publicized by California
Assembly members and major newspapers -- that it manipulated
California gas prices. And it took close aim at The Brattle Group, a
consultancy that has figured prominently in various
investigations into the matter.
     According to El Paso, The Brattle Group worked "hand-in-hand"
with a California Assembly subcommittee to pin the blame on El
Paso and its subsidiaries for the run-up in gas prices in the
Golden State. El Paso furnished copies of internal Assembly e-mails
as proof that the subcommittee did not seek to conduct an
objective investigation.
     As reported in Gas Daily, The Brattle Group's study of alleged
market power abuse by El Paso marketing arm El Paso Merchant
Energy has been exhibit A in California pipeline litigation (GD
4/25). In a study commissioned by Southern California Edison, The
Brattle Group concluded that El Paso had deliberately manipulated
California-bound pipeline capacity in an effort to drive up the
price differential between production basins and the California
border.
     Drawing in large part on The Brattle Group's opinion, the
California Assembly Subcommittee on Energy Oversight recently
concluded that El Paso caused the price run-up (GD 4/20).
Representatives of the Assembly's Democratic majority said The
Brattle Group study proved conclusively that the rise in gas
prices at the California border was greater than could be
accounted for through normal market forces.
     But according to El Paso, the subcommittee majority was --
deliberately -- wrong. The inquiry conducted by the subcommittee,
said El Paso, was a "charade that was orchestrated from the
beginning" to shore up SoCalEd's case.
     "El Paso has recently obtained, through discovery in a
proceeding before the Federal Energy Regulatory Commission,
correspondence between the staff for the subcommittee and the
paid litigation consultant [The Brattle Group] for Southern
California Edison," said El Paso in a statement. "This
communication reveals that the subcommittee majority's
conclusions were pre-determined to blame El Paso for California's
failed energy policies."
     The correspondence included apparent requests from
subcommittee staff members for help in "rebutting" El Paso's
testimony before the Assembly. El Paso interpreted those requests
as proof that the subcommittee majority "never intended" to write
an objective report on the matter.
     "We are shocked that the subcommittee delegated its
responsibilities to [SoCalEd's] consultants," said Norma Dunn, El
Paso senior vice president of communications and government
affairs. "We voluntarily met with subcommittee staff and testified
before the subcommittee in good faith, under the false premise
that the subcommittee was interested in seeking the truth. Now we
learn that the subcommittee was working at the direction of
[SoCalEd's] litigation consultants to support SCE's litigation
position."
     Litigation pitting SoCalEd and the California Public Utilities
Commission against El Paso is currently under way at FERC (see
story, page 1). Following yesterday's hearing, Dunn told Gas Daily
that SoCalEd and the CPUC were also waging their campaign against
El Paso in the   national press.
     The New York Times, for instance, has published articles that
relied on The Brattle Group study and other sealed documents.
Dunn said it was "clear" that SoCalEd and the CPUC were using the
selective leak of documents to take the case against El Paso to the
public.
     Prior to recess in yesterday's hearing, FERC Chief
Administrative Law Judge Curtis Wagner issued a reminder of the
need to restrict access to protected documents.     NH

NGI's Daily Gas Price Index
published : May 15, 2001
El Paso Calls California Subcommittee Hearing a 'Sham'
El Paso Corp. claims it was set up by California Assembly members to take the
blame for high gas prices in the state. It said recent hearings before a
subcommittee were a "sham," and that it was "predetermined" that El Paso
would be accused on wrongdoing in a report approved by the subcommittee
majority yesterday.
While El Paso battled similar accusations at the opening of hearings
yesterday before a FERC administrative law judge, the company publicly
contested the results of the majority report (approved 3-2) of the California
Assembly Subcommittee on Energy Oversight, which placed the blame on the
energy company for skyrocketing gas prices in the state. The majority report
says El Paso drove up gas prices by withholding pipeline capacity from the
market, focusing on the same year-old capacity contract between El Paso's
pipeline and marketing affiliate that is the subject of FERC's investigation.
Contrary to the majority report, however, are the conclusions of a report
prepared for the two Republican members of the five-member subcommittee. That
document said the hearings "produced no conclusive evidence" of price
manipulation.
Although the majority report has not been made public, "it is clear, based on
accounts of the report and recently uncovered documents, that the
subcommittee hearing was a sham," El Paso said in a statement.
El Paso released to the public yesterday documents containing e-mail
correspondence between staff members of the subcommittee and members of the
Brattle Group, a paid consulting firm for Southern California Edison. The
Brattle Group is one of El Paso's main opponents at the hearings this week
before FERC's Chief Administrative Law Judge Curtis Wagner Jr. Brattle
accuses the company of costing Californians an additional $3.7 billion in gas
costs over the past year.
The correspondence El Paso released reveals a close relationship between the
consulting firm and the subcommittee staff. For example, a staff member said
to Brattle Group's Matthew O'Loughlin, "I can't thank you and Paul enough for
your testimony. It was beyond expectations, the members were highly
impressed. The chairman asked me if you guys could stay and help us with a
second day. We could have used it."
El Paso said the communication reveals that the subcommittee majority's
conclusions were "pre-determined to blame El Paso for California's failed
energy policies." The subcommittee majority was working "hand-in-hand with,
and relying on, SCE's consultant, the Brattle Group, in their so-called
analysis," El Paso said. "In communications between the subcommittee staff
and SCE's consultant, it is clear that SCE's consultant assisted in preparing
questions for the hearing and that the subcommittee staff requested
assistance from SCE's consultant in preparing the final report.
"That the subcommittee majority never intended to conduct an objective
investigation is clear... [R]ather than write an objective report based on
the testimony, the staff went on to ask SCE's consultant for help in
'rebutting' El Paso's testimony."
"We are shocked that the subcommittee delegated its responsibilities to SCE's
consultants," said Norma Dunn, senior vice president of Communications and
Government Affairs for El Paso. "We voluntarily met with subcommittee staff
and testified before the subcommittee in good faith, under the false premise
that the subcommittee was interested in seeking the truth. Now we learn that
the subcommittee was working at the direction of SCE's litigation consultants
to support SCE's litigation position. We are particularly concerned that
after coordinating the questions to be asked, the Brattle Group testified
before the subcommittee as if it were an independent group. It is obvious
that the subcommittee hearings were a charade that was orchestrated from the
beginning. Final conclusions were drawn before we had an opportunity to
testify and then the final report was leaked to the press instead of provided
to us, so that we would not have an opportunity to react."
Dunn said El Paso is confident that once the facts are presented to FERC in
hearings this week, it will be "vindicated."
However, El Paso also faces an uphill battle in Washington. The FERC hearings
pit El Paso and its subsidiaries against the California Public Utilities
Commission and the state's two largest investor-owned utilities, Pacific Gas
& Electric and Southern California Edison.
The regulators and the utilities also allege El Paso withheld capacity on its
pipelines into the state, which in turn pushed prices up. If the charges are
substantiated, FERC Judge Wagner could order the company to refund any money
it earned due to price or supply manipulation. Such a ruling could have even
broader implications because skyrocketing prices for natural gas, the single
biggest source of fuel for power plants in California, obviously contributed
to the financial calamity that brought Southern California Edison to its
knees and sent Pacific Gas & Electric into bankruptcy.
The details of the charges are well known at this point. Critics alleged that
El Paso Merchant Energy Gas LP and El Paso Merchant Energy Co. received
inside information on a discount transportation rate that enabled them to end
up the big winners in an open season in February of last year. The open
season involved 1.22 Bcf/d of firm capacity on El Paso to the California
border.
But in an order on complaint, FERC found "no merit in the allegations." It
cleared El Paso of charges that it rigged the bidding for capacity to favor
its affiliates. Moreover, it said there was no evidence that El Paso violated
its standards of conduct. However, the Commission did not dismiss the
allegations that El Paso engaged in market and price manipulation. It set the
market power issue for hearing in March before Judge Wagner and ordered him
to provide an initial decision within 60 days (see Daily GPI, March 29).
FERC staff also appears to be hot on El Paso's tracks. In testimony submitted
last week before Judge Wagner, FERC staff's expert witness concluded that El
Paso probably exercised market power in the Southern California gas market
and drove up gas prices over the past year when pipeline capacity constraints
existed. FERC Economist Dr. Jonathan D. Ogur concluded that under certain
circumstances El Paso was able to wield market power in the Southern
California gas market (see Daily GPI, May 14).
The rise in California natural gas prices is not attributable to El Paso, the
company said in its statement yesterday, but is attributable to the fact that
demand for gas has far outstripped supply. Evidence presented at the
California subcommittee hearings shows that El Paso has consistently utilized
its pipeline capacity to ship natural gas to California and has never
restricted supply. Constraints on gas infrastructure in the state have
limited the supply of gas during a time in which demand has risen
dramatically, the company said.


Andrea,

At this time, I plan to extend my rotation indefinitely.

Thanks,

Eric Bass

	Enron North America Corp.

	From:  Andrea Richards @ ENRON                           03/06/2001 04:59 PM

To: Eric Bass/HOU/ECT@ECT
cc:
Subject: Associate Rotation

Eric, will you be rotating at this time?
---------------------- Forwarded by Andrea Richards/NA/Enron on 03/06/2001
05:01 PM ---------------------------

	From:  Andrea Richards                           01/04/2001 10:43 AM

To: Eric Bass/HOU/ECT@ECT
cc:

Subject: Associate Rotation

Our records indicate that you will be up for rotation soon.  In order to
secure your next rotation and to ensure a good fit, please choose one of the
following options:

Please forward me an updated copy of your resume along with your business
unit and function preferences.  Once we receive this, we will begin sending
your resume out to those business units with open positions and the managers
will then contact you directly if they are interested.
Please contact my assistant Jessie Patterson at x3-0927 to schedule a meeting
with me.  We can discuss your business unit and function preferences at that
time as well as any other concerns.
If you plan to extend your current rotation, please let me know the date the
rotation will end.
If you have already started another rotation, please complete the following
information and send back so that we may update the database.

 ROTATION:
Business Unit and Group:
Effective Date:
Location:
Extension:
Email Address:
Reviewing Supervisor:
Supervisor's Location:
Supervisor's Extension:
Supervisor's Assistant:
Assistant's Location:
Assistant's Extension:
Co #:
RC #:
RC Owner:

Thanks!
Andrea Richards
Associate & Analyst Program
Career Development
x3-6499


Steve,

Attached, for your information, is  a copy of a general presentation that I
prepared to illustrate and describe EGM's businesses.  This is a presentation
that will become a "living" document to communicate our businesses and
growth.  I will be making numerous changes as we move closer to the analyst
meeting in January but I wanted to give everyone a copy of this version.

Please don't hesitate to call me if you have any questions or comments.

Mike


OH MY GOD!  I WAS WITH SOME GIRL!?!?!???! WHAT A DICK I AM TO GET OVER YOU SO
FAST!"
That is pretty funny.   You know what is funny about that is that I was
pretty sure she would call and tell you that.  What a dork! You know what, I
am starting to get sick too and it sucks because Burnsy is coming into town
this weekend.   Anyway hopefully I will get better.
Well, my good streak came to an end after a whopping one week when I found
out that my grandma is in a comma and will only live another day or two and
my dad is in the hospital again with a blod clot in his heart and will be
there a week and maybe longer..  It is really hard to be sitting up here and
not be with my family right now but I think and hope they understand. And I
will be going down there next weekend to visit and apparently for my
grandmothers funeral.  My mom is not doing well at all and I really wish I
could be there for her.  She doesn't deal with loss very well.
On a positive note it looks like i will probably start trading real time
energy in the next few weeks. I am moving to that department and I am sooooo
excited about it.  The only thing that sucks is that it is a lot like fire
fighter hours in that you have to work night shifts.  It works three days on
then three days off, three nights on three days off and then once a month you
get six days in a row off.  So in a month you get a ton more days off but,
you have to work some nights and some weekends which sucks.  That part will
be sweet but I am not too excited about working the 6pm to 6am shift.  But it
also entails a raise of $4500 due to the hours so all in all it should be a
positive move.  Anyway how is everything with you?


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99
05:06 PM ---------------------------

Les Clewlow <Les_Clewlow@compuserve.com> on 12/19/99 02:39:58 PM
To: Vince J Kaminski@ECT, Grant Masson@ECT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Merry Xmas and a Happy New Year!

Hi All

Merry Xmas and a Happy New Year!

Les.


---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 02/08/2001 12:37 PM ---------------------------

"Jack Hurst" <hurst@intur.net> on 02/08/2001 09:11:45 AM
To:	"Wayne Guidry" <Guidry_Wayne@emc.com>, <Tracy.Geaccone@enron.com>, "Lou and Kathleen Dionne" <lkdionne@olypen.com>, "Hurst, Julie A" <Hurst.Julie@emeryworld.com>, "Dianne Costa" <gdsown@airmail.net>
cc:

Subject:	Fw: Darwin Awards 2000

This is really funny!Jack
----- Original Message -----
From: thepalmers
To: Susan.W.Christensen@Ac.Com  ; Fred Spiker  ;  Scott & Reen Reen  ; John Ward  ; Jack  Cudworth  ; Hadji Sablan
Sent: Tuesday, February 06, 2001 10:33 PM
Subject: FW: Darwin Awards 2000

Just  something to amuse all the boys out there.
Joanne
-----Original Message-----
From: Tom Palmer  [mailto:tomp@rezn8.com]
Sent: Tuesday, February 06, 2001 11:41  AM
To: thepalmers@mediaone.net
Subject:  FW: Darwin Awards 2000

-----Original Message-----
From: Mannix  [mailto:mannix@rezn8.com]
Sent: Tuesday, February 06, 2001 10:33  AM
To: rezn8@rezn8.com
Subject: FW: Darwin  Awards 2000

-----Original Message-----
From: Beath, Brent  [mailto:Brent.Beath@disney.com]
Sent: Tuesday, February 06, 2001 10:04  AM
To: 'tbrame@dreamworks.com' ; 'mannix@rezn8.com'
Subject: FW:  Darwin Awards 2000

-----Original Message-----
From: CGBCOMS@aol.com   [mailto:CGBCOMS@aol.com]
Sent: Monday, February 05, 2001 5:16  PM
To: scott@howhealthworks.com
Subject:  Darwin Awards 2000

Yes, the one we've all been waiting for... Darwin Awards 2000. They have
finally been released!

For those not familiar with the Darwin Award,  It's an annual honor given
to the person who provided the Universal human  gene pool the biggest
service by getting killed in the most extraordinarily  stupid way. As
always, competition this year has been keen again. Some  candidates
appear to have trained their whole lives for this event!

DARWIN AWARD CANDIDATES
1. In September in Detroit, a 41-year-old  man got stuck and drowned in
two feet of water after squeezing head first  through an 18-inch-wide =
sewer
grate to retrieve his car keys.

2. In October, a 49-year-old San Francisco stockbroker, who "totally =
zoned
when he ran," according to his wife, accidentally jogged off a =
100-foot-high
cliff on his daily run.

3. Buxton, NC: A man died  on a beach when an 8-foot-deep hole he had dug
into the sand caved in as he  sat inside it. Beach goers said Daniel =
Jones,
21 dug the hole for fun,  or protection from the wind, and had been =
sitting
in a beach chair at  the bottom Thursday afternoon when it collapsed,
burying him beneath 5 feet  of sand. People on the beach, on the outer
banks, used their hands and  shovels, trying to claw their way to Jones,
a resident of Woodbridge, VA,  but could not reach him. It took rescue
workers using heavy equipment almost  an hour to free him while about 200
people looked on. Jones was pronounced  dead at a hospital.

4. In February, Santiago Alvarado, 24, was killed in  Lompoc, CA, as he
fell face-first through the ceiling of a bicycle shop he  was
burglarizing. Death was caused when the long flashlight he had placed in
his mouth (to keep his hands free) rammed into the base of his skull as
he hit the floor.

5. According to police in Dahlonega, GA, ROTC  cadet Nick Berrena, 20,
was stabbed to death in January by fellow cadet  Jeffrey Hoffman, 23, who
was trying to prove that a knife could not  penetrate the flak vest =
Berrena
was earing.

6. Sylvester  Bridal, JR, 26, was killed in February in Selbyville, Del,
as he won a bet  with friends who said he would not put a revolver loaded
with four bullets  into his mouth and pull the trigger.

7. In February, according to police  in Windsor, Ontario, Daniel Kolta,
27, and Randy Taylor, 33, died in a  head-on collision, thus earning a
tie in the game of chicken they were  playing with their snowmobiles.

DARWIN AWARD HONORABLE MENTIONS

1. In Guthrie, Okla, in October, Jason Heck tried to kill a millipede =
with
a shot from his 22-caliber rifle, but the bullet ricocheted off of  a =
rock
near the hole and hit pal Antonio Martinez in the head,  fracturing his
skull.

2. In Elyria, Ohio, in October, Marty Eskins,  attempting to clean out
cobwebs in his basement, declined to use a broom in  favor of a propane
torch and caused a fire that burned the first and second  floors of his
house.

3. Paul Stiller, 47, was hospitalized in  Andover Township, NJ, in
September, and his wife Bonnie was also injured, by  a quarter-stick of
dynamite that blew up in their car. While driving around  at 2 AM, the
bored couple lit the dynamite and tried to toss it out the  window to see
what would happen, but they apparently failed to notice that  the window
was closed.

4. TACOMA, WA - Kerry Bingham, had been  drinking with several friends
when one of them said they knew a person who  had bungee-jumped from
the Tacoma Narrows Bridge in the middle of traffic.  The conversation =
grew
more heated and at least 10 men trooped along  the walkway of the bridge
at 4:30am.
Upon arrival at the midpoint of the  bridge they discovered that no one
had brought a bungee rope. Bingham, who  had continued drinking, =
volunteered
and pointed out that a coil of  lineman's cable lay nearby. One end of  =
the
cable was secured  around Bingham's leg and the other end was tied to the
bridge. His fall  lasted 40 feet before the cable tightened and tore his
foot off at the  ankle. He miraculously survived his fall into the icy
river water and was  rescued by two nearby fishermen. "All I can say,"
said Bingham, "is that God  was watching out for me on that night.
There's just no other explanation for  it." Bingham's foot was never
located.

AND NOW, FOR THE WINNER:

1. PADERBORN, GERMANY - Overzealous zookeeper Friedrich Riesfeldt
fed his constipated elephant Stefan 22 doses of animal laxative and more
than a bushel of berries, figs and prunes before the plugged up =
pachyderm
finally let fly - and suffocated the keeper under 200 pounds  of poop!
Investigators say ill-fated Friedrich, 46, was attempting to give  the
ailing elephant an olive oil enema when the relieved beast unloaded on =
him
like a dump truck full of mud. "The sheer force of the elephant's
unexpected defecation knocked Mr. Riesfeldt to the ground, where he =
struck
his head on a rock and lay unconscious as the elephant continued  to
evacuate his bowels on top of him," said flabbergasted Paderborn police
detective Erik Dern. With no one there to help him, he lay under all
that dung for at least an hour before a watchman came along, and during =
that
time he suffocated. "It seems to be just one of those freak  accidents
that happen."


Tana:  look in lotus notes.  I think you should contact Russell for Canada
(since Rod is gone).  Cyntia Pastega is the business person.  SS

	Tana Jones
	07/14/2000 02:27 PM

		 To: William S Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT, Tracy Ngo/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Paul Radous/Corp/Enron@ENRON, Wendi
LeBrocq/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Susan Flynn/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 cc:
		 Subject: H.Q. Energy Services (U.S.) Inc. ISDA Master

Hydro Quebec has forwarded to us their form of ISDA Schedule for the
referenced counterparty for review.  There is no indication of what Enron
business person is interested in this counterparty.  I will forward a copy of
the ISDA to Mr. "Canada" Suttle, and open a Lotus Notes entry with the
contact information.  We won't do anything until we receive a credit
worksheet from Credit.


The "Matthew" discharged 2,702,390 MMBtu at Lake Charles.  After taking out
the 1.75% terminal fuel expense, we will have 2,655,098 available for our
sale to ENA.  We have sold ENA 2,666,000 for March on this deal, so we need
to buy 10,902 MMBtu to cover the shortage.

Dan


Jeff,

It was a pleasure meeting you this past friday.  I hope we get to talk
some more and exchange ideas about B2B.  As per our conversation, here's
the MRD.  Please keep it confidential.

Thanks,
Louis-Philippe Lalonde
650.678.8236
 - MRDVersion2.0.doc


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Ratios are still in progress. thanks.


A store owner was tacking a sign above his door
that read "Puppies for Sale."

The signs have a way of attracting children.
Soon a little boy appeared at the sign and asked, "How much are you gonna
sell
those puppies for?".

The store owner replied, "Anywhere from $30-$50."
The little boy reached into his pocket and pulled out some change.
"I have $2.37, can I look at them?"

The store owner smiled and whistled.* Out of the kennel came his dog
named Lady, running down the aisle of his store followed by five little
puppies.* One puppy was lagging considerably behind.

Immediately the little boy singled out the lagging, limping puppy.* He
asked "What's wrong with that little dog?"

The man explained that when the puppy was born the vet said that
this puppy had a bad hip socket and would limp for the rest of his life.

The little boy got really excited and said, "That's the puppy I want to
buy!"

The man replied "No, you don't want to buy that little dog. If you
really want him, I'll give him to you." The little boy got upset. He
looked straight into the man's eyes and said "I don't want you to give him
to
me.
He is worth every bit as much as the other dogs and I'll pay the full
price.* In fact I will give you $2.37 now and 50 cents every month until I
have him paid for."

The man countered, "You really don't want to buy this puppy son.
He is never gonna be able to run, jump and play like other puppies."
The little boy reached down and rolled up his pant leg to reveal a
badly twisted, crippled left leg supported by a big metal brace.* He
looked up at the man and said, "Well, I don't run so well myself and the
little puppy will need someone who understands."

The man was now biting his bottom lip.* Tears welled up in his
eyes....He smiled and said, "Son, I hope and pray that each and every one
of

these puppies will have an owner such as you."

IN LIFE, IT DOESN'T MATTER WHO YOU ARE, BUT WHETHER SOMEONE
APPRECIATES YOU FOR WHAT YOU ARE, ACCEPTS YOU AND LOVES YOU
UNCONDITIONALLY.

A REAL FRIEND IS ONE WHO WALKS IN WHEN THE REST OF THE WORLD WALKS AWAY.

SEND THIS TO ALL THE PEOPLE IN YOUR LIFE YOU CONSIDER TO BE SPECIAL.

File item 2 original document name: Not specified
File item 2 document type: PCDATA
File item 2 size (bytes): 2540


Grant,
 I have incorporated the language you provided to me in the attached
document.  I have been informed by the Corporate Secretary's office that they
will issue a Certificate of Incumbency showing that the person executing the
contract for ENA is authorized to execute contracts for ENA.  No other party
signs as to form or terms, however, the officer executing for ENA will
require that the deal person and I initial on the line next to his
signature.  I have reviewed the proposed draft resolution.  ENA will accept
the enacted resolution and will not require that the City Attorney issue an
opinion.  If the attached contract is acceptable, please print off 2
originals, have them approved, signed and forward to me for ENA's approval
and signature.  Once the contract is fully executed, I will return one fully
executed original to you for the City's file.


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 04/24/2001
10:02 AM ---------------------------
From: Matthew Lenhart on 04/24/2001 09:47 AM
To: Timothy Blanchard/HOU/EES@EES, Chad Landry/HOU/ECT@ECT, Bryan
Hull/HOU/ECT, Luis Mena/NA/Enron@Enron, Lisa Gillette/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT, Eric Bass/HOU/ECT, Jay Reitmeyer/HOU/ECT@ECT,
val.generes@accenture.com, mmmarcantel@equiva.com, tlenhart@corealty.com,
Shanna Husser/HOU/EES@EES, Tori Kuykendall/HOU/ECT@ECT, Paul T
Lucci/NA/Enron@Enron, Ken Shulklapper/Enron Communications@Enron
Communications
cc:
Subject: something groovy fr. the Dali Lama

---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/24/2001
09:42 AM ---------------------------

merlinm@uswest.net on 04/23/2001 07:57:00 PM
Please respond to merlinm@uswest.net
To: "Andrew Clark" <amc_97@yahoo.com>, " Andrew Evans"
<r38882@email.sps.mot.com>, " B-Game" <chadburlingame@hotmail.com>, " Billy
O'sullivan" <OSullB@aol.com>, "Brad Dousevicz" <bdouse@aol.com>, " Brandon
Upah" <bupah@rhythms.net>, "bubba" <mpdesimone@msn.com>, " Chapstick"
<sharriage@netscape.net>, " drew brown" <dbrown_europe@hotmail.com>, " Eric
Paulsen" <Eric.Paulsen@hugheschris.com>, " eric wood" <eawood33@hotmail.com>,
" Gabe Meyers" <didjian@hotmail.com>, "Flynn" <tflynn@vtm-inc.com>, " Jason
Cole" <jcoletrickle@yahoo.com>, " Kate Kress" <kkress@mve-architects.com>, "
khristopher Tabaknek" <ktabaknek@dtjboulder.com>, " Lois Brink"
<lbrink@carbon.cudenver.edu>, " Mark Fasanella" <mfasanella@edgewood.edu>, "
Mark Uris" <uris@scd.ucar.edu>, " Matt Lenhart" <Matthew.Lenhart@enron.com>,
" Michael Hartman" <flippy_hartman@yahoo.com>, " Mitchell"
<jmitchell@fairenterprises.com>, " Morrill" <Scott.Morrill@Grubb-Ellis.com>,
" Peder" <pederleifkjeseth@hotmail.com>, " rebecca bicknell"
<beckbick@yahoo.com>, " Ryan Arni" <rarni@mkkeng.com>, "Ryan Lee"
<ralee@rmi.net>, " Scott Berberich" <scottberb@yahoo.com>, " Scott Vander
Putten" <primemover@netzero.net>, " Spud" <sprouty2000@hotmail.com>, "UNce"
<masicajm@osd.pentagon.mil>
cc:

Subject: something groovy fr. the Dali Lama

Hey everybody.  Enjoy!

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Date: 23 Apr 2001 13:39:53 -0600
Message-ID: <-1224089305cmaley@integerdenver.com>
From: "Chris Maley" <cmaley@integerdenver.com>
Sender: "Chris Maley" <cmaley@integerdenver.com>
To: "ann fisher" <Annfishernyc@aol.com>,  "bill maley"
<bill.maley@solutionspoint.com>,  "brian jacobson" <btjacob@qwest.com>,
"chuck stiebling" <chuck@stieblingali.com>, "sasha ali" <sashaali@att.net>,
"merlin" <merlinm@uswest.net>, "kate maley" <KateMaley@aol.com>
Subject: Fwd: something groovy to do...
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>
>
> > - The Dalai Lama said read it to see if it works for you.
> >
> > PERSONALITY TEST.
> >
> > Very interesting. Just 4 questions and the answers will surprise you....
> >
> > Do not cheat by looking up the answers. The mind is like a parachute
>works
> >
> > best when it is opened.
> >
> > This is fun to do, but you have to follow the instructions very closely.
> > Do
> > not cheat.
> >
> >
> >
> >
> >
> > MAKE A WISH BEFORE BEGINNING THE TEST!!
> >
> >
> >
> > A Warning! Answer the questions as you go along..
> >
> >
> >
> > There are only four questions and if you see them all before finishing
>you
> >
> > will not have honest results.
> >
> > Go down slowly and do each exercise as you scroll down. Don't look
>ahead.
> > Get pencil and paper to write your answers as you go along. You will
>need
> > it
> > at the end. This is an honest questionnaire, which will tell you a lot
> > about
> > your true self..
> >
> >
> >
> >
> >
> >
> >
> > Put the following 5 animals in the order of your preference.
> >
> > a. Cow
> >
> > b. Tiger
> >
> > c. Sheep
> >
> > d. Horse
> >
> > e. Pig
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Write one word that describes each one of the following:
> >
> > Dog
> >
> > Cat
> >
> > Rat
> >
> > Coffee
> >
> > Sea
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Think of someone (who also knows you and is important to you) that you
>can
> >
> > relate them to the following colors.
> >
> > (Please do not repeat your answer twice. Name just one person for each
> > color.)
> >
> > Yellow
> >
> > Orange
> >
> > Red
> >
> > White
> >
> > Green
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finally, write down your favorite number and your favorite day of the
> > week.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Finished? Please be sure that your answers are what you REALLY WANT.
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > Look at the interpretations below: (but first before continuing, repeat
> > your
> > wish.)
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> >
> > This will define your priorities in your life.
> >
> > Cow signifies CAREER
> >
> > Tiger Signifies PRIDE
> >
> > Sheep Signifies LOVE
> >
> > Horse Signifies FAMILY
> >
> > Pig Signifies MONEY
> >
> >
> >
> > Your description of dog implies YOUR OWN PERSONALITY.
> >
> > Your description of cat implies the personality of your partner.
> >
> > Your description of rat implies the personality of your enemies.
> >
> > Your description of coffee is how you interpret SEX.
> >
> > Your description of the Sea implies your own life.
> >
> >
> >
> >
> >
> > Yellow: Someone you will never forget
> >
> > Orange: Someone you consider your true friend.
> >
> > Red: Someone that you really love
> >
> > White: Your twin soul
> >
> > Green: Someone that you will remember for the rest of your life.
> >
> >
> >
> >
> >
> >
> >
> > You have to send this message to as many persons as your favorite number
> > and your wish will come true on the day that you put. This is what the
> > Dalai
> > Lama has said about the Millennium -- just take a few seconds to read it
> > and
> > think.
> >
> > Do not put away this message, the mantra will come out from your hands
>in
> > the next 96 hours.
> >
> > You will have a very pleasant surprise. This is true, even if you are
>not
> > superstitious.
> >
> >
> >
> > Please do this. It is fascinating.
> >
> > SEND THIS E-MAIL MANTRA TO AT LEAST FIVE PERSONS AND YOUR LIFE WILL
> > IMPROVE
> >
> > 0-4 persons: Your life will improve slightly.
> >
> > 5-9 persons: Your life will improve to your liking.
> >
> > 9-14 persons: You will have at least 5 surprises in the next three weeks
> >
> > 15  or more persons: Your life will improve drastically and all that you
> > have always dreamed will take shape.
> >
> > If at any time you do not receive the smile you were expecting, be
> > generous
> > and give that person a smile.
> >
> > Because nobody has as much  necessity of a smile than the person that
>does
> >
> > not know how to smile at others.
> >

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