Notice No. 01-118
April 6, 2001

TO:
All COMEX Division Members/Member Firms
All COMEX Division Clearing Members
All COMEX Division Floor Traders
All COMEX Division 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 May 2001 options contract for Silver (SO K1) and
Gold (OG K1) is Thursday, April 12, 2001.

 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 (&OLTE8) 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 May 2001 Silver and Gold Options Contracts will cease at 2:25
P.M. and 2:30 P.M. respectively on April 12, 2001.  All Brokers and Traders
must inform their Clearing Members of their intentions to exercise or abandon
such Options by 4:00 P.M.

On Thursday, April 12, 2001, all Brokers and Clearing Members must have a
duly authorized, On-Line Trade Entry (&OLTE8) 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 &OLTE8 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 Thursday,s submissions and processing will be
available on Monday morning April 16, 2001.

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 (&OPC8) - 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/A8) - 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 (&CM8) 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 (&OPRR8) - 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/C8) - 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
Audits8).  The H/C form must be submitted not later than 3:30 PM.

5. EX-PIT POSITION TRANSFER REQUEST FORM (&Ex-Pit8) - 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
exercise val!
ue!
 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 (&OLTE8) 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.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-118)"

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


FYI,

I have been testing the enhancement changes for LFT contracts that was documented last April and this item will move to production the weekend.  This change will move the LFT validation process from the allocation function to the Rollover and Balance function. To explain,  when TW post a notice that  "No LFT is Available" for a location and gas day, the system will automatically schedule the LFT contract to zero for that day at that point during the 1st scheduling process after the nomination deadline which is called rollover and balance process. The current process today cuts the LFT contracts during our allocation function, which is the last process done on TW.

We have also added the waiver flag to the contract system that identifies the LFT shippers who have signed the waiver granting TW responsibility to change their nomination from firm to overrun on days when no LFT service is available.
Both Lorraine and TK have a copy of this draft document that I created. Please review this waiver document and finalize any changes to it so this new service can be offered to the shippers. If you would like to post this waiver document to our web site under forms, please let me know.  Finally, the contract team will keep these waiver documents with the LFT contract file, as well as in their waiver log book.

Thanks Ramona


Sara:
In the unlikely event taht you are called tomorrow and they can't reach me
here is where things stand.  After several internal discussions with Paul,
Akasha and Denis O'Connell and based on the information that we have received
from DB thus far, it appears as if our Reference Entity's subsidiaries have
declared a standstill/moratorium with respect to all of their debt.  Our
Reference Entity is the Guarantor of such debt.  We have taken the position
that since the Credit Event must occur with respect to our Reference Entity,
we need proof that our Reference Entity has repudiated its obligations under
its Guaranty.  We feel fairly certain that it has, but DB has not shown us
any proof of this.  Paul is calling the paying agent on the defaulted bonds
to try and find out and we have sent another e-mail to DB requesting proof.

All of the other requirements have been met with respect to the obligations
that DB plans to deliver to us next week to settle the contract.  I just need
to quickly review the Guaranty that supports such obligations to make sure
that it is unconditional.  I expect to see it sometime today.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


missing deal for mark f

sell el paso
25-30
285.00
25 mw
pv
on peak


Joe, do you have a copy of the proposed RTO bylaws or what ever is
available.  I appreciate the summary but would like to see what could be done
to get a Board that is appointed independently also.

	Joe Connor@ENRON
	10/13/2000 12:56 PM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Christi L Nicolay/HOU/ECT@ECT, Dan Staines/HOU/ECT@ECT, Daniel
Allegretti/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON, Janine
Migden/DUB/EES@EES, Jeff Brown/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@ENRON,
Joe Hartsoe/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Mary
Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT,
Richard Shapiro/NA/Enron@ENRON, Robin Kittel/HOU/EES@EES, Ron
McNamara/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Steve
Montovano/DUB/EES@EES, Steve Walton/HOU/ECT@ECT, Steven J
Kean/NA/Enron@ENRON, Susan J Mara/SFO/EES@EES, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Tom Hoatson/HOU/EES@EES
		 Subject: Re: Enron Response to October 15 RTO Filings/Southeastern RTO

Attached are the FERC talking points for the Southeastern RTO filing.  If you
have any questions, please call me (205-567-5433)


The 2000 Form W-2 will be mailed to your address of record by January 31, 2001. If you have not received your form by February 20th, you may request, in writing, for a duplicate copy to be sent to you. Please note that a written request, including authorized signature is required.

When requesting a duplicate form, please specify the year for which you need a copy, sign your request, and include the following information:

	Name
	Complete Mailing Address
	Phone Number
	Social Security Number

You may mail your request to:
	ENRON CORP
	EB 1528
	P O BOX 1188
	HOUSTON TX   77002

Or you may fax your request to 713-646-3755.

Your request will be processed within one week of receipt.

If you have a question regarding the information on your Form W2, please contact the Payroll Call Center at 713-345-5555 option 1.

Thank you


Rhett:
Here is Weyerhauser's tax person's number.  Could you please call her when
you have some time?  Thanks.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 05/24/2000 01:53 PM -----

	"Morrison, S.L. (Sandy)" <SL.Morrison@mbltd.com>
	05/24/2000 09:50 AM

		 To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com>
		 cc:
		 Subject: RE: ISDA Comments

Carol,

Sheri's number in Washington is 253-924-3184.

Thank you,

Sandy

-----Original Message-----
From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Wednesday, May 24, 2000 10:48 AM
To: SL.Morrison@mbltd.com
Subject: RE: ISDA Comments

Sandy:
I have not yet contacted our tax group about this.  I think that the
easiest thing to do is for you to give me Sheri's phone number and I will
ask someone from our tax group to contact her.  It probably will be Rhett
Jackson.
Carol

                    "Morrison,

                    S.L. (Sandy)"        To:     "'Carol St Clair'"
<Carol.St.Clair@enron.com>
                    <SL.Morrison@        cc:     "McKinnon, M.K. (Malcolm)"
<MK.McKinnon@mbltd.com>
                    mbltd.com>           Subject:     RE: ISDA Comments

                    05/24/2000

                    09:14 AM

Carol,

Further to our conversatiaon yesterday, I would like to get Sheri Dunn,
from
the Weyerhaesuer tax group and a tax representative from Enron on the phone
sometime (hopefully today).  Sheri is available at 10:30 Pacific time
(=1:30
est,  12:30 Central)  today.  Do you think we can work with that?

Thanks,

Sandy Morrison
Weyerhaeuser Company Limited

-----Original Message-----
From: Carol St Clair [mailto:Carol.St.Clair@enron.com]
Sent: Monday, May 22, 2000 6:48 PM
To: SL.Morrison@mbltd.com
Subject: ISDA Comments

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 05/22/2000 05:47 PM -----
|--------+----------------------->
|        |          Carol St     |
|        |          Clair        |
|        |                       |
|        |          05/22/2000   |
|        |          05:42 PM     |
|        |                       |
|--------+----------------------->

>
---------------------------------------------------------------------------
-|
  |
|
  |       To:     SL.Morrison@mbltd.
|
  |       cc:     Susan Bailey/HOU/ECT@ECT
|
  |       Subject:     ISDA Comments
|

>
---------------------------------------------------------------------------
-|

Sandy:
Susan Bailey passed on to me your comments to the ISDA draft and I can
respond
to some but not all of such comments at this point:

1.   With respect to your Canadian securities rep, I am checking with our
counsel in Canada about whether we can use your language instaed of ours.

2.   With respect to the Options rep and the ESP rep in part %, Section
(b),
I
believe that both parties need to make such reps.  The rep in Part 5
(b)(g)(ii)
is to cover the Trade Option exemption and it is different from the ESP rep
below it.

3.   With respect to the language in Part 5, Section (a), this is different
from
the setoff language.    What this is saying is that if a party has
fulfilled
all
of its payment obligations and an Event of Default occurs with respect to
it
(the "Defaulting Party"), the other party cannot withhold any payment that
it
owes to the Defaulting Party.  This is different from the exercise of
setoff
rights.

4.   I would like to discuss with you or your legal representative the
removal
of the arbitration language as it is Enron's policy to have arbitration
apply.

5.   We would prefer to keep the Termination Currency specified in US
Dollars.

6.   Our tax group believes that we need the language in Part 3(a)(i),
(ii).
Why do you want to delete it?

I look forward to hearing from you.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
E-Mail Carol.St.Clair@enron.com


Denis:

Per my voice mail, please advise which ENA officer will execute your
documents for ENA.  When we hear from you, we can have the docs executed and
delivered.

Also, we need copies of the executed ENA masters and the information entered
into Lotus Notes.

Thanks for your help.

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


Guz,

I don't think Dahl will be going to the rehearsal dinner
with me.  He will probably hook up with Jones and
crew...  I will most likely hook up with them (and you)
after the dinner.

We will be in touch.  My cell is 206.660.6248.  I will
have that with me..

Pat

Quoting Mark.Guzman@enron.com:

>
> right on,  I work during the day on Friday.  Is Dahl
going with you to the
> rehersal dinner and all that?  If not I am sure i will
be grabbing some
> brews with people after work on friday and you guys
are more than welcome
> to come.  Either way lets hang out aftter you are done
with all your stuff.
> Give me a call on my cell or I will get a hold of you.
>
>


fyi
 -----Original Message-----
From: 	Calger, Christopher F.
Sent:	Thursday, June 07, 2001 3:19 PM
To:	Foster, Chris H.; Baughman, Edward D.; Tycholiz, Barry; Milnthorp, Rob; Luce, Laura; Vickers, Frank W.; Lagrasta, Fred
Subject:	ENA / EES SIC Codes

We are discussing industrial coverage with EES.  EES has proposed the following industry classifications as wholesale, ENA customer groups.  All other industrial/commercial customers would be covered by EES.  This is very similar to the approach taken several years ago.  John Lavorato wants to know if this list is too narrowly defined or if there should be exceptions.

Mining
Oil and Gas extraction
Paper Manufacturing
Chemical Manufacturing
Petroleum and Coal Manufacturing
Plastics and Rubber Products Manufacturing
Primary Metals
Fertilizer
Rail Transportation

Please respond as soon as possible or call me with questions at 503-464-3735

Regards,

Chris


Gerald, I have just faxed to you the pages with a few last comments.  They
relate to the change back to Calpine providing a non-renewal notice rather
than a renewal notice, because there were a couple of places where the
reference wasn't caught.

You should have it on your fax now.

Greg


I just found the deal, and as I suspected, it had the incorrect broker on it.

 525180
 Sell Avista
 Mid-C
 2/19-2/20
 25 mw
 325.00
 PREBON

Thanks,
Kate

Evelyn Metoyer@ENRON
02/16/2001 02:33 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 2/16 Prebon Checkout

Has Diana called you back on this missing deal yet!!

   Kate Symes @ ECT                02/16/2001 02:57 PM

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

Subject: Re: 2/16 Prebon Checkout

525523 - Enron buys Duke, March, NP-15, 50 mw, $265 - MISSING BROKER - I'VE
ADDED PREBON

Mike just entered his deal - 525558

Can't locate the last deal - left message for Diana - I'll let you know.

Evelyn Metoyer@ENRON
02/16/2001 12:31 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/16 Prebon Checkout

Diana
I am missing the following deal:
Enron sell to Avista daily Mid-C at $325

Sean
I am missing:
Enron buys Duke March NP-15 at 50mw at $265

Mike
I am missing:
Enron buys from Mirant Q3'01 PV 25 mw at $410.

Thanks!!


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

F O R

August 10, 2001 5:00pm through August 13, 2001 12:00am
------------------------------------------------------------------------------------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON CENTER SOUTH DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages

ENRON NORTH AMERICAN LANS:
Impact:  CORP
Time:  Sat 8/11/2001 at  8:30:00 AM CT thru Sat 8/11/2001 at  5:00:00 PM CT
	Sat 8/11/2001 at  6:30:00 AM PT thru Sat 8/11/2001 at  3:00:00 PM PT
	Sat 8/11/2001 at  2:30:00 PM London thru Sat 8/11/2001 at  11:00:00 PM London
Outage:  Swap Cisco 2924 switch for Cisco 2948 switch, Phase II
Environments Impacted:  All
Purpose: 1)	Should improve performance (2924 backplane is 3.2 Gbps, and 2948 backplane is 24 Gbps) for users on this new switch
2)	Provide additional ports (at least 12 more)
3)	Switches will occupy less real estate in the wiring closet
Backout: Disconnect 2948's and re-connect the 2924's
Contact(s): 	Gail Kettenbrink    713-853-4524

FIELD SERVICES:  No Scheduled Outages.

INTERNET:
Impact:  Internet
Time:  Fri 8/10/2001 at  10:30:00 PM CT thru Sat 8/11/2001 at  12:30:00 AM CT
	Fri 8/10/2001 at    8:30:00 PM PT  thru Fri 8/10/2001 at  10:30:00 PM PT
	Sat 8/11/2001 at  4:30:00 AM London thru Sat 8/11/2001 at  6:30:00 AM London
Outage:  Upgrade Enron.com infrastructure
Environments Impacted:  Internet, VPN access
Purpose: Standardization and address high peak Internet utilization.
Backout: Replace with old circuit, router, and switches.
Contact(s): 	John Shupak    713-853-7943

MESSAGING: No Scheduled Outages.

MARKET DATA:
Impact:  Market Data
Time:  Fri 8/10/2001 at  4:00:00 PM CT thru Fri 8/10/2001 at  6:00:00 PM CT
	Fri 8/10/2001 at  2:00:00 PM PT thru Fri 8/10/2001 at  4:00:00 PM PT
	Fri 8/10/2001 at  10:00:00 PM London thru Sat 8/11/2001 at  12:00:00 AM London
Outage:  Deploy Cisco Local Director of IFSS
Environments Impacted:  IFinance Users
Purpose: Provide load balancing & fault tolerant for iFinance web servers
Backout:
Contact(s): 	Rick Le                        713-853-5345
		Christopher Ducker    713-345-8241

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  CORP
Time:  Fri 8/10/2001 at  8:00:00 PM CT thru Sun 8/12/2001 at  12:00:00 PM CT
	Fri 8/10/2001 at  6:00:00 PM PT thru Sun 8/12/2001 at  10:00:00 AM PT
	Sat 8/11/2001 at  2:00:00 AM London thru Sun 8/12/2001 at  6:00:00 PM London
Outage:  TAGG/ERMS Oracle Database Upgrade
Environments Impacted:  ENA
Purpose: Oracle will desupport  old v7.3.4 databases.
Backout: Restore original database from disk backup.
Contact(s): 	Alex Hsieh  713-853-6561  713-288-1779

Impact:  EBS
Time:  Sat 8/11/2001 at  9:00:00 AM CT thru Sat 8/11/2001 at  12:00:00 PM CT
	Sat 8/11/2001 at  7:00:00 AM PT thru Sat 8/11/2001 at  10:00:00 AM PT
	Sat 8/11/2001 at 3:00:00 PM London thru Sat 8/11/2001 at  6:00:00 PM London
Outage:  Migrate EBS Notes servers to Corp's NT Domain
Environments Impacted:  EBS Mail Users
Purpose: Consolidate on to one NT domain and reduce overhead.
Backout: backout changes
Contact(s): 	Martin Leo  (503)886-0171
		Jeff Hughes  (713)345-8809

Impact:  CORP
Time:  Sat 8/11/2001 at  5:00:00 AM CT thru Sat 8/11/2001 at   2:00:00 PM CT
	Sat 8/11/2001 at  3:00:00 AM PT thru Sat 8/11/2001 at 12:00:00 PM PT
	Sat 8/11/2001 at  11:00:00 AM London thru Sat 8/11/2001 at 8:00:00 PM London
Outage:  Upgrade CAS
Environments Impacted:  Corp
Purpose: Remove and upgrade the Credit Agg application from GDB database.
Backout: Import Schema back into GDB and restart in normal mode. Required time from restoration is approx 2 Hrs.
Contact(s): 	Emmett Cleveland    713-345-3873

Impact:  EBS ECOMS mid-tier and terminal servers
Time:  Sat 8/11/2001 at  9:00:00 AM CT thru Sat 8/11/2001 at  11:30:00 AM CT
	Sat 8/11/2001 at  7:00:00 AM PT thru Sat 8/11/2001 at    9:30:00 AM PT
	Sat 8/11/2001 at  3:00:00 PM London thru Sat 8/11/2001 at  5:30:00 PM London
Outage:  Install ECOMS Release 7.1.b
Environments Impacted:  EBS ECOMS Users
Purpose: Provide new system functionality requested by the user community
Backout: Roll back to version 7.1.a (current version)
Contact(s): 	Rogene Hanson  713-345-6795
		Kim A. Dunaway  713-853-5071

Impact:  CORP
Time:  Sun 8/12/2001 at  4:00:00 PM CT thru Sun 8/12/2001 at  11:00:00 PM CT
	Sun 8/12/2001 at  2:00:00 PM PT thru Sun 8/12/2001 at    9:00:00 PM PT
	Sun 8/12/2001 at  10:00:00 PM London thru Mon 8/13/2001 at  5:00:00 AM London
Outage:  DCFPROD/FAXPROD Server Move
Environments Impacted:  ENA, DCFPROD/FAXPROD Oracle database users.
Purpose: Relief congested Aurora and give DCFPROD/FAXPORD more room to grow.
Backout: Startup original database on Aurora. Restore the original tnsnames.ora file.
Contact(s): 	Alex Hsieh  713-853-6561  713-288-1779

SITARA:
Impact:  Sitara/CPR Production
Time:  Fri 8/10/2001 at  8:00:00 PM CT thru Sun 8/12/2001 at  12:00:00 PM CT
	Fri 8/10/2001 at  6:00:00 PM PT thru Sun 8/12/2001 at  10:00:00 AM PT
	Sat 8/11/2001 at  2:00:00 AM London thru Sun 8/12/2001 at  6:00:00 PM London
Outage:  Sitara, CPR
Environments Impacted:  Sitara/CPR Users
Purpose: Upgrade of Databases
Backout:
Contact(s): 	SitaraonCall    713-288-0101
		CPRonCall    713-284-4175

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

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

(713) 853-1411   Enron Resolution Center

Specific Help:
Information Risk Management			(713) 853-5536
SAP/ISC                                                                               (713) 345-4727
Unify On-Call 					(713) 284-3757  [Pager]
Sitara On-Call					(713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS			(713) 639-9726  [Pager]
OSS/UA4/TARP				(713) 285-3165  [Pager]
CPR						(713) 284-4175  [Pager]
EDI Support 					(713) 327-3893  [Pager]
EES Help Desk					(713)853-9797 OR (888)853-9797
TDS -Trader Decision Support On-Call                    (713) 327-6032 [Pager]


I am sure no one wants to provide another were strong and stable speech, but we have it on an extremely confidential basis that a memo is being drafted by their risk management group (remember the thorn in Bill's side and mine over the last years...) that recommends a ceasing of additional business with Enron and a review of their remedies under our agreements for significant changes in our financial capacities.  I have no idea how far Dick or Tom may let this go, but it is bad form...

Laura
Laura Luce


bandwidth.com

-----Original Message-----
From: Jeff.Dasovich@enron.com
To: cameron@perfect.com; scottwl@hotmail.com
Sent: 12/4/00 9:49 AM

New Yorker reviews Henry Moss in this week's issue.  Haven't read it
yet.
Did you guys like it?

Cameron, what's the name of the bandwidth exchange firm that you guys
did
your deal with?  Bandwidth Exchange?  (I"m brain dead.)


Jeff,

Greg is requesting Enron Industrial Markets' 2001 Goals & Objectives (no more
than 3 to 4 each) asap.

Many Thanks,

Liz Taylor


Will my UBS pass work there?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Thursday, February 14, 2002 12:19 PM
To:	Hayden, Frank
Subject:	RE:

on the fourth floor

 -----Original Message-----
From: 	Hayden, Frank
Sent:	Thursday, February 14, 2002 12:18 PM
To:	Parks, Joe
Subject:	RE:

Ground hog day.
They have asked me to sign non-compete.  I don't want to sign contract as is.
Where are you?

 -----Original Message-----
From: 	Parks, Joe
Sent:	Thursday, February 14, 2002 12:16 PM
To:	Hayden, Frank
Subject:

you watch any of sharron watkins. she does paint a pretty picture. hows it going?


Vince:

The IT Migration team called and said that they need an email from you
stating that you do not want your lap top "Ghost upped"? (Not sure if this
is the correct term).   They said they were supposed to do this to all
computers during the migration process, but since you requested that
they not do this, then they need an email from you with this request.

You need to send the email to:     Kacee Downey/Enron@EnronXGate

Thanks!

Shirley


FYI
---------------------- Forwarded by Richard B Sanders/HOU/ECT on 01/11/2000
10:39 AM ---------------------------

Dwight Beach
01/06/2000 08:12 PM
To: Richard B Sanders/HOU/ECT@ECT
cc: Steve Van Hooser/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT, Max
Yzaguirre/NA/Enron@ENRON
Subject: Enerstar

As best as I can recall here was the discussion I had with Michel Abitbol
earlier today.


USA Credit Source
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do you know anything about this?
 -----Original Message-----
From: 	Fancler, Dan
Sent:	Thursday, November 01, 2001 7:20 AM
To:	Moseley, Debbie; Geaccone, Tracy
Cc:	Anderson, Gary E.
Subject:	TW Fuel Useage by compressor

Gary Anderson indicated you needed TW fuel numbers for last two years.

Gas Accounting has a data file of compressor useage by compressor by month.

We can provide the information if you let me know who to contact.


Would you be available to take Andrea Calo to dinner next Wednesday (the
night before the Legal Conference)?  She is coming in a day early to meet &
chat with people here.


Given our conversation this morning about exchanges, I thought you might find
the lead article of interest, insofar as it lists all the nascent European
exchanges dedicated to trading power/energy.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 19/10/2000
13:27 ---------------------------

Katy Lomax
18/10/2000 17:56
To: Jackie Gentle/LON/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, Mark
Schroeder/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Marcello Romano/Enron
Communications@Enron Communications, Rahil Jafry/HOU/ECT@ECT, Nick
Mooney/LON/ECT@ECT, David Forster/Corp/Enron@Enron, Alexander
Woolfall/LON/ECT@ECT, Angela Connelly/LON/ECT@ECT, Kathryn
Corbally/Corp/Enron@ENRON
cc:

Subject: Press Clipping - EnronOnline

Please find attached the following article/s:

"Paris Borse announcement threatens platform congestion" - Powertrade

Kind Regards,
Katy Lomax


Lisa,

This is the termination log I was talking about.  We need to make sure that we are not including any of the customers in our forward positions and have eliminated them from our schedules.

MO

 -----Original Message-----
From: 	Panus, Stephanie
Sent:	Monday, March 25, 2002 9:54 AM
To:	Baughman, Edward; Braddy, Martha; Carnahan, Kathleen; Cohagan, Fred; Elafandi, Mo; Irani, Eric; Luong, Sheri; Miller, Don (Asset Mktg); Moore, Janet H.; Murphy, Harlan; O'Neil, Murray P.; Racicot, Paul; Rasmussen, Dale; Tricoli, Carl; Ward, Charles
Subject:	EPMI Termination Log

Attached is the most recent EPMI Termination Log.

Stephanie Panus
Enron Wholesale Services
ph:  713.345.3249
fax:  713.646.3490


Dick Foster is a consultant to the Board of Directors who works for Mckenzie. Each BOD meeting he wants to meet with a group and we are on the list. I talked to Rebecca Carter and suggested we present him the bank presentation and she thought that was a good idea. Please make yourself available for this. Ted - if you can stay an extra day it would be helpful but not essential if you need to get back. Let me know. Tx Rick
 -----Original Message-----
From: 	Johnson, Kelly
Sent:	Monday, April 23, 2001 9:40 AM
To:	Buy, Rick
Cc:	Heathman, Karen K.
Subject:	Meeting with Dick Foster

Rick, the meeting with Dick Foster and Rebecca Carter will be held on Wednesday, May 2nd beginning at 9:00 a.m. and ending at 11:00 a.m. in 50MDining. Please notify the attendees in your group. Thanks, Kelly


**********************************************************************
The following message was sent to you as an opt-in subscriber to The
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products and services that interest you most. If you wish to unsubscribe
please copy and paste the following link into your web browser or
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This Special Offer- $10


Help
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)

-----Original Message-----
From: Buehler, Craig <Craig.Buehler@ENRON.com>
To: Dietz, Rick <Rick.Dietz@ENRON.com>; Corman, Shelley <Shelley.Corman@ENRON.com>
Sent: Wed Feb 13 11:37:01 2002
Subject: NNG President/General Manager Approvals

Hey guys,

	I sent an amendment to Dan McCarty, for signoff by the NNG President. last week (before the memo) and was told that Danny would no longer be signing agreements for NNG; Danny instructed me to send the agreements to Dan Dienstbier.  Well, Dan Dienstbier just told me he can't sign them either.  Who is the interim NNG President/General Manager?  Any suggestions?

Craig


Theresa,

Did you get my message from yesterday? They still haven't changed the volume on deal 703165. It doesn't match your spreadsheet. Let me know what you want to do.

Thanks!

 -----Original Message-----
From: 	Staab, Theresa
Sent:	Monday, October 15, 2001 2:07 PM
To:	Vela, Valerie
Subject:	Greeley Gas actuals

Valerie,
I just wanted to let you know Logistics is working on actualizing a few days in September to correct the volumes allocated to each specific Greeley deal.  Jackie Adams is trying to get this done today.  The numbers in my spreadsheet by deal (bucket) are correct and we are waiting for the corrections in the system.

Let me know if you have any questions.

Thanks,
Theresa


that was great.  that is as funny as i get.


cute girlfriends....    I'm in

From: Margaret Allen@ENRON on 02/08/2001 09:38 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re:

Oh, I was going to tell you that your invitation gives you the ability to
invite a guest so if you wanted to bring Jennifer, you can.  But, I do have
cute girlfriends going with me, so if you just want to go with us -- that
will be fun!  I'm planning on leaving here around 6 -- you want to go with
me??

	John Arnold@ECT
	02/08/2001 09:29 AM

		 To: Margaret Allen/Corp/Enron@ENRON
		 cc:
		 Subject:

cute girlfriends....   I'm in


Please forward to anyone else who needs to see this.
---------------------- Forwarded by Steve C Hall/PDX/ECT on 01/19/2001 12:40
PM ---------------------------

D Brett Hunsucker
01/19/2001 10:59 AM
To: Volume_Management_Portland, Tim Belden/HOU/ECT@ECT, Murray P
O'Neil/HOU/ECT@ECT, Chris Stokley/HOU/ECT, Steve C Hall/PDX/ECT@ECT, Tracy
Ngo/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT
cc:

Subject: PX Defaults

FYI


Maybe have her contact Ted since he is in London??? Rick


(See attached file: strip52501.PDF)

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This message and any attachments (the "message") are intended solely for the addressees and are confidential. If you receive this message in error, please delete it and immediately notify the sender.

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 - strip52501.PDF


Start Date: 1/15/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011516.txt


Hi Kam,

Attached is the revised product listing with the old risk book information.

Just let me know if this works for you.

Thanks,

Torrey Moorer
EnronOnline Product Control Group
(713) 853-6218


Dear all,
?
In light of the opening of the energy industry, the  Mexican Bar Association
has been asked by different sectors to create the Energy  Law Committee. I am
pleased to?inform you  that I have been asked to chair such committee.
?
As part of our endevors, we will be involved in the  upcoming reforms to the
energy industry.
?
Very truly yours,
?
Rogelio Lopez-Velarde?
Lopez Velarde,  Heftye, Abogados
Guillermo Gonzalez Camarena No. 1600, Piso 6
Col. Santa  Fe, Centro de Ciudad
01210 Mexico, D.F
Telephone: (52) 5081-14-24
Dir.:  (52) 5081-14-23
Fax: (52) 5081-14-25
e-mail: rlopezv@lvha.com.mx?
www.lopezvelardeheftyeabogados.com
?
The information contained herein may be  confidential and/or privileged.
This information is intended to be reviewed  only by the individual or the
entity to which is addressed.? If the  reader of this e-mail message is not
the intended recipient or a  representative of the intended recipient you are
hereby notified that any  review, dissemination or copying of this e-mail
message or the information  contained herein is prohibited.? If you have
received this e-mail  message in error, please immediately notify the sender
and delete this  communication from your system.
?


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 12/07/2000
05:11 PM ---------------------------

Don Miller
12/07/2000 05:02 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Redlined PSA -- Brownsville and Caledonia

---------------------- Forwarded by Don Miller/HOU/ECT on 12/07/2000 05:01 PM
---------------------------

japearson@duke-energy.com on 12/07/2000 12:31:06 PM
To: stuart.zisman@enron.com
cc: dthudson@duke-energy.com, mhhurtado@duke-energy.com, don.miller@enron.com
Subject: Redlined PSA -- Brownsville and Caledonia

Stuart - At Dan Hudson's request, I am forwarding a redlined version of the
referenced agreement.  The attached is marked against the last version of
the PSA submitted by DENA to Enron.  Please call if any questions.  Thanks.
Jane Pearson, 713/627-5318.  Jane

(See attached file: enronpsared.doc)
 - enronpsared.doc


You are so sweet!  Only a truly nice person would subject themselves to
someone else's corporate Christmas party.  I promise to lose a few pounds
before then, so I can squeeze into this sexy little dress that I bought for
my Tahoe trip, so you won't be too embarassed to be seen with me.  David
has pre-approved it.  The party is at the Four Seasons Hotel on Lamar.

As for the UT tickets, the only night I'm in town before Friday is Wed
night.  Are you around that night?

Gerald.Nemec@enron.com on 11/13/2000 01:54:55 PM

To:   kjobrien@duke-energy.com
cc:
Subject:  Re:

Hey,

Yes, I am still headed to Spain.  I am actually leaving on Friday, so I
need to get those tickets to you pretty soon.  Let me know what days you
are in town this week.

The 8th works for me. Where is the Duke party this year?

G

                    kjobrien@duke-
                    energy.com            To:     Gerald.Nemec@enron.com
                                          cc:
                    11/10/2000            Subject:
                    01:24 PM

Hey man!  Haven't talked to you in awhile.  Hope things are good.  David
reminded me about the game the other day.  Are you still headed to Spain
for Thanksgiving?  If so, let me know when you want to get together and do
the ticket/money swap.  I'll be in Florida this weekend, but should be home
on weekends after that for awhile.  Or, we can do it one week night if I'm
in town.  Unfortunately, my travel schedule is not slowing down around the
holidays like I'd hoped.

I also have another favor to ask - is there any chance you would go to our
Christmas party with me on Dec 8 if I go?  David will obviously be there,
too.  I'm such a loser that I've had to go by myself the last three years
and that's such a drag.  Let me know if you think you'd consider it.


FYI!!!!!!!!!!!!!!!!!!!!!!!!
----- Forwarded by Sara Shackleton/HOU/ECT on 12/12/2000 02:30 PM -----

	exchangeinfo@nymex.com
	12/12/2000 02:07 PM

		 To: sara.shackleton@enron.com
		 cc:
		 Subject: (00-423) Natural Gas Margin Increase

Notice No. 00-423
December 12, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE

Effective Date: Wednesday, December 13, 2000 (close of business)

Futures Contract: Henry Hub Natural Gas Futures

Contract Months: All Months

Rate Change:
NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts

Effective Date:  Wednesday, December 13, 2000 (close of business)

Clearing Member (Maintenance Margin): Old:  $12,000  New:  $14,000

Member Customer (Initial Margin):            Old:  $13,200  New:  $15,400

Non-Member Customer (Initial Margin):   Old:  $16,200  New:  $18,900

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.  This notice
supersedes all previous notices regarding outright margins for the NYMEX
Henry Hub Natural Gas Futures Contract.

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

"
http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&r
efdoc=(00-423)"

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


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 05/26/99 04:10
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Margaret Uhlig Pemberton <pemlaw@texas.net>
05/26/99 02:22 PM

Please respond to pemlaw@texas.net
To: Bob Wittmeyer <bwittmeyer@pcenergy.com>, Jeff Jarvis
<jjarvis@pcenergy.com>, Naim Hakimi <nhakimi@csw.com>, Stephanie Price
<sprice@tnpe.com>, Steve Burger <sburger@lcra.org>, Ken Cowan
<kcow@dynegy.com>, Kenneth Ragsdale <ragsdale@electric.austin.tx.us>, Lynn
Baker <lbaker@tnsk.com>, Harlan Murphy <hemu@dynegy.com>, Elizabeth
Sager/HOU/ECT, David Itz <davidi@calpine.com>, DeDe Russo
<drusso@reliantenergy.com>, Sandra Cox <sandrac@pandaenergy.com>, Brian
Blackman <bblackman@i-enternet.com>, James Barrett <jbarret3@tuelectric.com>,
Vincent Duane <vincent.duane@southernenergy.com>, Russell T Kelley/HOU/ECT,
Marty Rogers <mroger3@entergy.com>, Ralph Weston
<RALPH.WESTON@AustinEnergy.com>, Curtis Griffin
<curtis.griffin@southernenergy.com>, Perry Steele <psteele@coral-energy.com>,
Angela Agee Kennerly <akennerly@worsham.net>, Sonnet Edmonds
<sonnet.edmonds@southernenergy.com>, Geoff Mathews
<GeoffM@citizenspower.com>, Patricia Jones <phjones@duke-energy.com>, Allen
Nye <anye@worsham.net>, Kurtz Stowers <KStowers@houston.USGEN.com>
cc:
Subject: Enabling Agreement

To All TMOS Subcommittee Members:

    Attached are two versions of the Agreement, one red-lined and one
not.  Please review closely and contact me with typos by June 3rd.  Any
substantive changes please forward to this entire e-mail group to review
by June 3rd.  The next TMOS meeting is schedule for June 10, 1999,
therefore, we need to have final changes decided by June 8, 1999.

    Thanks to all of you who have put in exhausting hours of negotiation
and debate to create this final agreement.  It has been my pleasure to
work with all of you.

Margaret

 - ERCOT WHOLESALE ENABLING AGREEMENT Draft nine.doc
 - ERCOT WHOLESALE ENABLING AGREEMENT Draft nine-unredlined.doc


Here is what I would consider my top ten list:

Successfully implement the ADAYTUM budgeting tool throughout ETS operations.
Provide an effective budgeting/current estimating process that is consistent, standardized and simplified across ETS.
Complete the Cooper Inventory Purchase Contract in 2002.
Successfully implement an Accounts Payable processs.
Successfully implement a new Citibank MasterCard program within ETS, that has full EDI payment processes.
Successfully satisfy the EOTT 308 Data requirements.
Continue to be flexible and adaptable to an ever changing business environment.
Successfully implement requirements that satisfy the Operator Qualification Rule before October 2002.
Implement a better process for evaluating I.T. systems and business process changes, before commiting.
Re-evaluate "Outsourcing" strategy, before moving forward on any further efforts, such as A/P, etc.

Sorry this is late.

Morris A. Brassfield
Enron Transportation Services
Senior Director
Operations Support Services
Three Allen Center 3285
333 Clay Street
Houston, Texas 77002

713-646-7006  Business Phone
713-503-1409  Cell Phone

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Friday, October 05, 2001 11:42 AM
To:	Barnes, Caroline; Brassfield, Morris; Campos, Kathy; Centilli, James; Daily, Pamela; Geaccone, Tracy; Gilbert, Steve; Keiser, John; Meers, Thomas; Peters, Jerry; Rosenberg, David E.; Saunders, James; Tu, Denis
Subject:	2002 Issues
Importance:	High

Please begin to develop a list of issues (your top ten) that we need to be worrying about in ETS for 2002.      We will jointly develop your lists into a larger list for ETS.   I would like to think you caould have this done by the end of next week.

Rod Hayslett
EB4054
713-853-6178


Greetings:

Steve Kean and I met today with Jack Stewart, Pres. of the California
Manufacturer's and Technology Ass. and Alan Zaremberg, CEO of the California
Chamber of Commerce.

Jack Stewart was happy to hear about our efforts and is generally
supportive--particularly regarding direct access--but wants more information
regarding the core/noncore proposal.  We have a meeting set up for Thursday
morning at 8 AM in the SF office to discuss it further.  Stewart will bring
Keith McCrea, long-time lawyer for CMA to the meeting on Thursday.

Zaremberg was extremely happy to hear about our efforts and the overall
package, and was much more receptive to the core/noncore proposal.  Though
he, too, would like more details.  Turns out the he and Bill Hauck--former
Wilson administration official and now head of the California Business
Roundtable---have been walking the halls of the capital urging the same thing
we've been urging, i.e., D's and R's need to get together (read "grow up")
and do a comprehensive deal.

Steve and I had an impromptu meeting with Hauck, and then I followed up with
him in the afternoon---he, too, is very supportive.

We stressed how important it is for business leaders to aggresively support
and pitch:

1) the idea that both sides of the aisle, and the governor, need to resolve
this now, and
2) the framework for a comprehensive solution along the lines that we've
described.

They agree, and while we have a good bit of additional work to due before
they are vociferous advocates for the core/noncore proposal, they certainly
didn't reject the idea.

Will report back on the Thursday follow-up with CMTA.

Best,
Jeff


A position has become available as an Administrative Assistant working in
West Power Trading reporting to Debra Davidson.  You will be responsible for
the following complex administrative duties.

? Compose memos, reports and other correspondence from a brief outline,
&sketchy8 draft or verbal instruction.
? Greet external clients.
? Code invoices, process complex expense reports, and manage employee
timekeeping through SAP.
? Make travel/meeting arrangements based on minimal instruction and
periodically make independent decisions on details such as travel schedules,
mode of   transportation, and accommodation.
? Monitor and control filing systems ensuring accuracy and efficient
retrieval of data.
? Occasionally prepare presentations in Microsoft PowerPoint.
? Provide backup switchboard support for Receptionist during periods of
absence.
? Work closely West Power Trading administrative staff to provide coverage
and assistance during periods of employee absences.

The successful candidate will be detail oriented, have good organizational
skills, and possess the ability to work in a fast-paced environment with
multiple concurrent assignments.  At least 5 years of
secretarial/administrative experience and above average communication and
interpersonal skills is required.  Excellent typing, proofreading, spelling
and grammatical skills, and strong PC skills with Word, Excel, and PowerPoint
are a must.  Experience with Access would be beneficial.  The ability to work
well within a team environment, identify work priorities and function with
very little supervision is essential.

We will be considering internal candidates as well as external candidates for
this position.  If you are interested, please let Amy FitzPatrick know no
later than close of business on Monday, April 23, 2001.

If you have any questions, please feel free to see Amy or Debra.


Jeff,

We will definitely need a lot more information related to the items below.
Please let me know when we can meet and discuss these.  Some of the items we
will need to know include:

We discussed discrepancies your team noted between the spreadsheet positions
that are being captured and what's reported on the Gas BM report.  This is
causing you to manually adjust the Gas BM report.  Is this for all
spreadsheet positions?  Some of them?  Is the variance significant?  Is it
off everyday?
What do you mean by " All Transport Models".   Does this mean positions?  Are
transport positions on the Gas BM report?  Are they manual adjustments?  Are
they in GRMS?  Can we capture these with spreadsheets?
What is your current methodology in preparing the Gas BM report for
roll-offs?  Is it currently consistent across all regions or is it handled
differently by different traders?  Please explain this in further detail. The
Basis roll-off was done in the GRMS system in the past.  Is this still the
case?  If not, we need to capture these roll-off adjustments using
spreadsheets?
Can we make the Fixed Price Canadian Deals adjustments using spreadsheets
that can be captured in GRMS?
Also, what is the status of capturing IM-Canada positions in the system?

We will need this type of information urgently.  We are meeting with Jeff
Shankman on Tuesday to update him on the progress we are making.

Please let me know if there is anything we can do to help.

Thanks,
Mike

	Enron North America Corp.

	From:  Jeffrey C Gossett                           06/07/2000 05:26 PM

To: Michael E Moscoso/HOU/ECT@ECT
cc: Brent A Price/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT, Susan
Harrison/HOU/ECT@ECT, Sunil Dalal/Corp/Enron@ENRON, Vladimir
Gorny/HOU/ECT@ECT
Subject: Spreadsheets and other Data

Spreadsheets :
(in Quark)
EES_Dublin
NG_Opt
Pipe_Opt_date
Storage_opt_date

All Transport models:
East
West
Central

Manual Adjustments:
Spreadsheets
Fixed Price Canadian Deals
Roll Off

Let me know if you need anything further.

Thanks

JG


Jim, I am afraid I don't understand.  We do have UC/CSU on utility service
for all pg&E campuses and some SCE campuses. Therefore, I think they are
purchasing power from an electrical corp on or after 1/17/2001, so I dont
think this helps us.
In any event, we are in a dispute with UC/CSU.  They very much want to retain
their right to direct access - any legislative fix that would provide them
with the ability to return to direct access after AB1x would end our
dispute.  Is there anyway we can build in this flexibility?
One suggestion would be to say that any customer that was returned to utility
service because the utility was not paying negative CTC has the right to
return to direct access service at any time.  this is probably too technical,
though.  Any other ideas?

From: James D Steffes@ENRON on 03/02/2001 06:49 PM
To: Susan J Mara/NA/Enron
cc: Mike D Smith/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Jeff
Dasovich/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron
Subject: Re: SBX 27 -- Direct Access Language Proposed by Bowen

Sue, etal -

It's important to monitor and support the section -

(b)  The right of a retail end use customer who has not purchased power from
an electrical corporation on or after January 17, 2001 to purchase power from
an alternate provider may not be limited by this section.

I think that this would take care of the UC/CSU issues (does anyone disagree)?

Jim

	Susan J Mara
	03/01/2001 06:43 PM

		 To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Gayle W
Muench/HOU/EES@EES, Ginger Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES,
Harold G Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris
Waser/HOU/EES@EES, James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES,
James Wright/Western Region/The Bentley Company@Exchange, Jeff
Messina/HOU/EES@EES, Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES,
Joe Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, mpalmer@enron.com, Neil
Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Richard
L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Rosalinda Tijerina/HOU/EES@EES, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Jubran Whalan/HOU/EES@EES, triley@enron.com, Richard B
Sanders/HOU/ECT@ECT, Robert C Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
dwatkiss@bracepatt.com, rcarroll@bracepatt.com, Donna
Fulton/Corp/Enron@ENRON, gfergus@brobeck.com, Kathryn
Corbally/Corp/Enron@ENRON, Bruno Gaillard/EU/Enron@Enron, Linda
Robertson/NA/Enron@ENRON, Ren, Lazure/Western Region/The Bentley
Company@Exchange, Michael Tribolet/Corp/Enron@Enron, Phillip K
Allen/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, jklauber@llgm.com, Tamara
Johnson/HOU/EES@EES, Mary Hain/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Jeff
Dasovich/NA/Enron@Enron, Dirk vanUlden/Western Region/The Bentley
Company@Exchange, Steve Walker/SFO/EES@EES, James Wright/Western Region/The
Bentley Company@Exchange, Mike D Smith/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT,
psmith3@enron.com, mjackso7@enron.com, Janel Guerrero/Corp/Enron@Enron, Mark
Fillinger/SF/ECT@ECT, Jennifer Rudolph/HOU/EES@EES, Martin
Wenzel/SFO/HOU/EES@EES, Douglas Condon/SFO/EES@EES, wgang@enron.com, Joseph
Alamo/NA/Enron@Enron, Tracy Ngo/PDX/ECT@ECT
		 cc:
		 Subject: SBX 27 -- Direct Access Language Proposed by Bowen

This is an OK bill.  Not well drafted. It's also overly complicated and
proscriptive.

Deletes the offensive part of ABX 1.
It allows anybody to do whatever they want until June 1 (section 2 d)
On June 1,
  - res and small commercial customers can get in a cue and get DA up to the
# of MWs that are added through load growth. (Section 2 e)
  -- Larger customers would pay an exit fee. (section 2 f)
  -- DA customers would be a entrance fee to return to IOU service (Section 2
g)

There is also a confusing section (2 c) that says a retail customer is only
stuck with CDWR for the proportion of power that CDWR provides.  The way it
reads, if CDWR is providing 40% of the IOUs' power, the retail customer can
get DA for 60% of its load.  I doubt that will fly -- too difficult to keep
track of and ISO will oppose (only one scheduling coordinator/meter)

A conference call and meeting is scheduled with parties tomorrow on this
language.

Will keep you apprised.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 03/01/2001 04:28 PM -----

	Scott Govenar <sgovenar@govadv.com>
	03/01/2001 04:02 PM

		 To: Jim Steffes <james.d.steffes@enron.com>, "Harry.Kingerski@enron.com"
<Harry.Kingerski@enron.com>, Alan Comnes <acomnes@enron.com>, Leslie Lawner
<Leslie.Lawner@enron.com>, John Neslage <john.neslage@enron.com>, Susan J
Mara <smara@enron.com>
		 cc: Jeff Dasovich <jdasovic@enron.com>, Mike Day <MDay@GMSSR.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>
		 Subject: SBX 27

Attached, please find the proposed amendments to SBX 27 (Bowen) relating
to direct access.  There will be a direct access coalition conference
call tomorrow to discuss current events as well as the new language.

 - SB27Xlanguage.doc


They are gone.

 -----Original Message-----
From: 	Hare, Bill D.
Sent:	Monday, January 28, 2002 1:01 PM
To:	Khyrullah, Lamya
Cc:	Theriot, Kim S.; Valdes, John
Subject:	FW: Chicago Books

Thank You,

Bill

 -----Original Message-----
From: 	Khyrullah, Lamya
Sent:	Monday, January 28, 2002 12:53 PM
To:	Chitradurga, Sundar; Hare, Bill D.
Subject:	RE: Chicago Books

These portfolios have been deleted from the Netco database.

Thanks
Lamya
x54188

 -----Original Message-----
From: 	Chitradurga, Sundar
Sent:	Monday, January 28, 2002 12:40 PM
To:	Khyrullah, Lamya
Subject:	FW: Chicago Books

Can you please write a script to delete these records.

Thanks
Sundar

 -----Original Message-----
From: 	Hare, Bill D.
Sent:	Monday, January 28, 2002 12:23 PM
To:	Chitradurga, Sundar
Cc:	Theriot, Kim S.; Valdes, John; Keiser, Kam
Subject:	FW: Chicago Books

Would you please remove these books

Bill

 -----Original Message-----
From: 	Valdes, John
Sent:	Monday, January 28, 2002 12:18 PM
To:	Hare, Bill D.
Cc:	Keiser, Kam
Subject:	Chicago Books

Bill,

Can we delete the Chicago books from Global Counterparties.  We will not be using these books at all.  Let me know if this would be possible.  The GCP id's are 166896, 167105, and 166898.  Thanks.

John


The industry quote below is interesting.  I have a call in to Bob to ask him
to get you key measurements on EOL business to date.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/06/2000 03:46 PM
---------------------------

	From:  Bob Shults                           01/06/2000 01:40 PM

To: Sally Beck
cc:
Subject: Press quote

---------------------- Forwarded by Bob Shults/HOU/ECT on 01/06/2000 01:39 PM
---------------------------

David Forster
01/06/2000 12:25 PM
To: Jay Webb/HOU/ECT@ECT, Product Control - Houston, Product Control -
London, EOL Call Center, Elena Kapralova/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT, Peter Kearton/LON/ECT@ECT, Lydia Cannon/HOU/ECT@ECT,
Rahil Jafry/LON/ECT@ECT
cc:
Subject: Press quote

I thought some of you might like to see the following press quote, which was
taken from a UK daily natural gas publication today. It nicely sums up
EnronOnline:

"A new web based trading service drew significant levels of interest......One
trader says he did "50 or 60 deals on EnronOnline.  "There's nothing
fundamentally better about the form of trading", he says, "but they're always
there, they're firm, and they don't go into a meeting for an hour."" -
Petroleum Argus Ltd

Dave


-----Original Message-----
From: 	Williams III, Bill
Sent:	Monday, May 21, 2001 2:01 PM
To:	Causholli, Monika; Dean, Craig; Guzman, Mark; Harasin, Leaf; Linder, Eric; Merris, Steven; Meyers, Bert; Porter, David V.; Slinger, Ryan; Solberg, Geir; Symes, Kate; Williams III, Bill
Cc:	Forney, John
Subject:	FW: SF Chron. "investigation" alleges Reliant's Traders directed power plants to withhold supply to raise prices

Check out the full story at the bottom.

 -----Original Message-----
From: 	Hall, Steve C.
Sent:	Monday, May 21, 2001 10:17 AM
To:	Yoder, Christian; Belden, Tim; Badeer, Robert; Richter, Jeff; Williams III, Bill; Sanders, Richard; 'gfergus@brobeck.com'
Subject:	SF Chron. "investigation" alleges Reliant's Traders directed power plants to withhold supply to raise prices

An excerpt:
Operators at a San Bernardino County power plant owned by Reliant Energy Inc. say a complex plan to manipulate the California energy market began early last year with a series of unusual telephone calls from the company's headquarters in Houston.
According to the accounts of three plant operators, Reliant's operations schedulers on the energy trading floor ordered them to repeatedly decrease, then increase output at the 1,046-megawatt Etiwanda plant. This happened as many as four or five times an hour. Each time the units were ramped down and electricity production fell, plant employees watched on a control room computer screen as spot market energy prices rose. Then came the phone call to ramp the units back up.
"They would tell us what to do, and we would do it," said one of the men, who only agreed to speak on condition they not be identified because they fear being fired. "Afterward, we would just sit there and watch the market change."

Power juggling ramped up price
Insiders say manipulation also strained equipment
Christian Berthelsen, Scott Winokur, Chronicle Staff Writers <mailto:cberthelsen@sfchronicle.com>
Sunday, May 20, 2001
?2001 San Francisco Chronicle </chronicle/info/copyright>
URL: <http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2001/05/20/MN121438.DTL>
Large power companies have driven up electricity prices in California by throttling their generators up and down to create artificial shortages, according to dozens of interviews with regulators, lawyers and energy industry workers.
Those sources say the unusual maneuvers not only jacked up prices but also wore down equipment and contributed to the record levels of plant shutdowns that are depriving the state of much-needed electricity. The accounts are supported by an independent review of shutdown data by The Chronicle.
The California Energy Commission calculates that an average of 14,990 megawatts of generating capacity, nearly a third of the state's total, was unavailable each day in April because of plant shutdowns, more than four times as much as a year ago.
Such shutdowns are the subject of increasing scrutiny as California enters another period of high demand, the warm spring and summer months of May to September, when electricity usage normally grows by a third.
Loretta Lynch, president of the California Public Utilities Commission, said last week the agency has found considerable evidence of suspicious plant shutdowns. And the California Independent System Operator, which manages the state's power grid, says plant shutdowns have now become the primary means of constricting supply.
But an extensive investigation by The Chronicle has found that not only were generators shut down to boost prices but these "gaming" tactics contributed to the plants' deteriorating condition.
"We suspected it," said Jim MacIntosh, the manager of grid operations for the ISO. "It was a sure factor in driving up prices." Such swings in unit output, he said, "would only make sense in a scenario when they're trying to game something. Otherwise, why would they do that? They're tearing their units up."
Unusual phone calls
Operators at a San Bernardino County power plant owned by Reliant Energy Inc. say a complex plan to manipulate the California energy market began early last year with a series of unusual telephone calls from the company's headquarters in Houston.
According to the accounts of three plant operators, Reliant's operations schedulers on the energy trading floor ordered them to repeatedly decrease, then increase output at the 1,046-megawatt Etiwanda plant. This happened as many as four or five times an hour. Each time the units were ramped down and electricity production fell, plant employees watched on a control room computer screen as spot market energy prices rose. Then came the phone call to ramp the units back up.
"They would tell us what to do, and we would do it," said one of the men, who only agreed to speak on condition they not be identified because they fear being fired. "Afterward, we would just sit there and watch the market change."
The workers said frequent and large swings in electricity output began at a number of California power plants just as the state's power crisis began in earnest. The workers and state power authorities assert the swings were one of the primary means of gaming the wholesale energy market.
"It appears the control rooms are responsive to direction from the trading floors in Houston, rather than the reliability needs of the ISO," said Carl Wood, a commissioner with the utilities commission who is overseeing that agency's investigation into plant outages. "Instead of being responsive to demands for reliability, they're responsive to demands for profitability."
Corporate denial
Reliant officials adamantly deny using this tactic or any other mechanism to game the California energy market. They and other power companies, including AES Corp. and a partnership between NRG Energy Inc. and Dynegy Inc., have asserted that skyrocketing electricity demand forced them to run aging, decrepit power plants harder than ever to meet California's needs.
While acknowledging that the company issued changes in output levels as frequently as every 10 minutes, company officials said it was done at the instructions of the ISO to maintain supply-demand balance.
"As a part of routinely doing business within California and the California market design, we are required to do that," said Kevin Frankeny, an operations official with Reliant. "When the ISO (issues dispatch orders), they dispatch on a 10-minute basis. It can go up and down many times within an hour."
Frankeny said he was not aware of any instances in which Reliant schedulers in Houston ordered dispatch changes without the ISO directing them to do it first.
The ISO refused to comment on operations at any specific facility, but Stephanie McCorkle, an ISO spokeswoman, said the ramping tactics were used beyond dispatch instructions during periods of tight supply. And one of the plant operators said the orders to vary output came independently of the grid managers. "ISO was not calling Reliant every 10 minutes for that," said one of the operators. "Not for an individual unit."
Officials with the California attorney general's office declined to comment on the legality of the ramping practice, citing a continuing investigation into whether wholesale energy prices are being manipulated. One source familiar with the state of various inquiries said the ramping, if proved to have been done to drive up prices, could violate the state's unfair business practices laws.
Invisible practice
How could companies such as Reliant tinker with output and not get caught?
One of the plant workers said the practice was designed to be virtually invisible to regulators and grid operators.
When power companies bid on hourly contracts, they agree to produce a certain amount of electricity over the given hour. Generators are paid based on an average of the spot market prices for that hour. By driving up the spot price, they can increase their hourly profits and still produce the total amount of energy required.
The plant worker said the units would be ramped down immediately after their output measurement, which was performed at the top of each hour by the ISO. Then, he said, it was brought back up as the spot market price of electricity rose in response to the reduced output. By the time the ISO measured again, the output was back at the expected level.
Another operator said the units were not always ramped up and down - that if the price reached a satisfactory level, generators would raise output and remain at that level as long as the price was right. Other times, if the price was low, output was brought down and kept down.
The same operator said the amount of ramping appeared to be a matter of individual will of the company schedulers in Houston, with some being more aggressive than others.
"What they would do, especially late at night, is if the price tanked, they would undergenerate," an operator said. "Then, mysteriously, the price would go up.
"Then, if the schedule was at 70 (required megawatt hours of output), they'd say, 'Go up to 90.' That would cause the price to tank. And they'd say, 'Bring it down again.' "
Rapid changes
These fluctuations occurred within time spans of as little as 10 to 15 minutes, the operators said. But acceptable rates for bringing a unit from minimum to maximum levels when the plant was owned by Southern California Edison were more like 80 minutes, to avoid stressing the machinery, one of the workers said. Moreover, they were typically run at constant levels, which also reduced wear and tear.
"They were basically ramping up as fast as they can, and then slamming the brakes on," said one of the operators. "They were increasing the fatigue on the units."
ISO officials say they changed market operations last fall to crack down on gaming tactics, including instituting a so-called 10-minute market, rather than the hourly market, so that it could be more easily detected when companies were withholding power.
But the ISO says generator outages have now become the primary tactic in driving up energy prices.
A computer analysis by The Chronicle of shutdown data over a recent 39-day period shows Reliant and three other generating companies topped the list of plant shutdowns. Reliant also represented the largest amount of wattage lost among those companies.
Plants owned by Reliant, AES, Mirant Corp. and Duke Energy Inc. accounted for more than half of the state's unplanned shutdowns, even though their generating capacity was no more than 25 percent of the state's total capacity from all sources.
Reliant, one of California's largest and most profitable out-of-state generators, reported 319 shutdowns during the period in March and April. It was followed by Mirant Corp. of Atlanta (310), AES Corp. of Arlington, Va. (278) and Duke Energy North America of Charlotte, N.C. (261).
Reliant's unplanned shutdowns deprived the system of more than 53,000 megawatts over the 40-day period, an average of 1,368 per day - enough power for 1.4 million homes for one hour.
Its Ormond Beach plant in Oxnard, with one generating unit down for 26 days,
accounted for more than 30,000 of those missed megawatts. However, an operator who worked in that plant said the outages there appeared to be the result of legitimate equipment failures.
Reliant says there are valid reasons for its plants now to be in need of repair. They are old: At 48, Etiwanda is the oldest of Reliant's five California plants. And the company says routine maintenance was deferred so the plants could remain in service during times of high summer demand.
But the operators said the issue is not so clear-cut. One problem at Etiwanda, a tube leak, had been present for about a month and was previously reported to management, they said, but it had not deteriorated much, it was operating at full capacity and there was no immediate need to take the unit offline because of the problem.
Moreover, at the time of the shutdown, the ISO had expressly asked Reliant to keep the unit online, the operators said. Richard Wheatley, a spokesman for Reliant, denied that any Reliant unit was taken offline for unnecessary maintenance.
Ramping may be rampant
Sources say Reliant was not alone in using the ramping practice. A source familiar with the state utilities commission investigation said output logs obtained from AES' Alamitos plant also reflected production fluctuations. And an operator who has worked at the El Segundo plant co-owned by NRG and Dynegy said the practice was used there, although less frequently. The scheduling calls came from Dynegy's trading floor in Houston, rather than NRG in Minneapolis, he said.
Steve Stengel, a spokesman for Dynegy, said changes in output at El Segundo were a normal function of changing demand levels throughout the day, and denied the company was engaged in gaming the California market.
In a May 2000 report, the California Energy Commission cited Reliant's Etiwanda plant, as well as the Alamitos and El Segundo plants, as some of the "major beneficiaries of high real-time prices" that spring.
One way to obtain those high prices, the plant workers said, was the simple method of demanding a sky-high price and refusing to deliver power if that price was not met.
On one occasion, one operator said, Reliant ordered a unit at Etiwanda to be shut off because the ISO would not meet the price of $1,000 per megawatt hour, even though the legal price cap at the time was $750.
"The operator said, 'It's our unit, shut it off,' " the source said.
E-mail Christian Berthelsen at cberthelsen@sfchronicle.com <mailto:cberthelsen@sfchronicle.com> and Scott Winokur at swinokur@sfchronicle.com <mailto:swinokur@sfchronicle.com>.


Telecommunications Reports presents . . . . . TR's State NewsWire
January 31, 2001 P.M. Edition

STATES
UTAH -- House OKs using '511' line for travel information
UTAH -- Senate backs bill increasing telecom access in rural schools
OREGON -- PUC declines to stay decision including interstate revenues in
USF
MISSOURI -- Bill seeks consumer protections for long distance services
NEW YORK -- PSC uses new procedures to reclaim five 'NXX' codes
NORTH CAROLINA -- Bill would give inmates more leeway with local calls
ILLINOIS -- Ameritech files complaint against electric company
NEW MEXICO -- Bill would direct study of phoning while driving
NEVADA -- PUC schedules conference on UNE costs, rates
NORTH DAKOTA -- Bill would restrict telemarketing
WASHINGTON -- WUTC takes up number pooling cost recovery
NEW YORK -- PSC seeks comment on RCN-Verizon cable experiment
ILL. -- Bill would require carriers to notify customers 60 days before
increasing rates

NETWORK MANAGEMENT
UTAH
House OKs using '511' line for travel information

The House has approved a bill to set aside the "511" abbreviated dialing
code to provide information useful to travelers in Utah.  (1/12/01
a.m.)  HB 202, which is sponsored by Rep. Marda Dillree (R., District
17), would direct the state Department of Transportation to develop a
travelers' information system and to serve as the point of contact for
coordinating the service with telecom service providers.

The department would implement and administer the service, coordinating
with highway authorities and public transit district officials to
provide "advanced multimodal traveler information."  The department
would have to enter into agreements or contracts with the highway
authorities and public transit districts to share the project's cost.

HB 202 awaits consideration by the Senate State and Local Affairs
Committee.

ADVANCED SERVICES
UTAH
Senate backs bill increasing telecom access in rural schools

The Senate has approved a bill to require the Utah Education Network
(UEN) to work with rural county governments to establish education
resource centers in their counties.  (1/23/01/ p.m.)  The UEN maintains
an education microwave distribution system, data network, and other
telecom service distribution systems appropriate for providing video,
audio, and data services for public schools and colleges.

SB 124 would require the UEN to set up such centers in at least Beaver,
Daggett, Garfield, Juab, Kane, Morgan, Piute, Rich, and Wayne counties.

The bill would allocate $743,000 from individual income tax revenues to
the UEN to fund the centers.  Of that appropriation, $441,000 would go
toward one-time costs for electronic equipment, and $302,000 would be
allocated for ongoing costs.

SB 124, which was sponsored by Sen. Beverly Ann Evans (R., District 26),
awaits committee referral in the House.

UNIVERSAL SERVICE
OREGON
PUC declines to stay decision including interstate revenues in USF

The Public Utility Commission has said it won't stay its decision
applying the Oregon universal service charge to both interstate and
intrastate telecom revenue.  AT&T Communications of the Pacific
Northwest, Inc., had requested the stay while the company's judicial
actions were processed.

The PUC said the issue raised by AT&T--that revenues only from strictly
intrastate services should fund the Oregon universal services
program--was addressed during the "extensive" proceedings that
established the program.  The commission said it wasn't persuaded by
AT&T.

According to the Attorney General's Model Rules of Procedure, a stay
should be granted is the party seeking the stay can demonstrate that
"irreparable injury" would occur to the petitioner if the order weren't
stayed.  The commission said AT&T asserted that if the order wasn't
stayed, there would be a large administrative burden on the PUC and the
carriers to restructure the program and recalculate contributions.

The PUC pointed out that if AT&T doesn't prevail and a court holds that
the fund should have been based on all telecom revenues, recalculating
the basis for the fund would be a tedious process.  The PUC noted,
however, that the recalculations wouldn't cause irreparable harm to AT&T
or any other party.  (Docket no. UM 731, In the Matter of the
Investigation of Universal Service in the State of Oregon)

CUSTOMER-AFFECTING
MISSOURI
Bill seeks consumer protections for long distance services

Rep. Philip G. Smith (D., District 11) has introduced HB 294 to require
long distance telecom service providers to increase consumer
protections.  The measure would require long distance providers, through
their customer service numbers, to allow consumers to cancel service and
receive notification of the cancellation.  A provider would be required
to disconnect a consumer's service immediately after receiving
notification of cancellation.  In addition, the long distance provider
would have to ask the local telecom provider to stop routing the
customer's long distance calls to that long distance provider.

HB 294 also would require that customers receive notification of certain
information when initiating long distance calls in Missouri using
calling cards, credit cards, or pay phones.  This information would
include the default long distance company for the call, the rate the
consumer would pay for the call, and any service charges related to the
call.

HB 294 has been referred to the House Committee on Criminal Law.  Its
text is available at
http://www.house.state.mo.us/bills01/biltxt01/intro01/HB0294I.htm.

NETWORK MANAGEMENT
NEW YORK
PSC uses new procedures to reclaim five 'NXX' codes

The Public Service Commission has directed North American Numbering Plan
administrator NeuStar, Inc., to reclaim five central office codes (NXXs)
from two carriers.  The commission ordered Net-Tel Communications, Inc.,
to return the "347" area code's "425," "542," "692," and "832" NXXs.
Computer Business Science, Inc., must return the "718" area code's "620"
NXX.

Last month the commission adopted procedures governing the reclamation
of central office codes that carriers have failed to activate.
(12/15/00 a.m.)  A carrier has six months to activate an NXX code once
it has been assigned.  Under the new procedures, the PSC can order the
carrier to relinquish an unused code after giving 14 days' notice. (Case
98-C-0689)

FUTURE OF REGULATION
NORTH CAROLINA
Bill would give inmates more leeway with local calls

Rep. Wilma M. Sherrill (R., District 51) has introduced HB 10 to allow
minimum security prison inmates to have the cost of local calls debited
from their trust accounts.  Currently these charges are billed to the
recipients of the calls.  HB 10 also would require the Department of
Corrections to prepare a report for the General Assembly describing the
telephone services available to inmates.

HB 10 has been referred to the House Committee on Rules, Calendar, and
Operations of the House.  Its text is available at
http://www.ncga.state.nc.us/html2001/bills/AllVersions/House/H10v1.html.

FUTURE OF REGULATION
ILLINOIS
Ameritech files complaint against electric company

Ameritech-Illinois has filed a complaint with the state Commerce
Commission seeking customer-specific calculations for the "customer
transition charge" (CTC) from Commonwealth Edison Co.  All delivery
service customers, regardless of whether they purchase power and energy
from ComEd or a competitor, must pay the CTC.

Ameritech says ComEd provides customer-specific CTCs for only two of the
100 Ameritech facilities covered under the companies' agreement.
According to Ameritech, ComEd has taken the position that it serves
Ameritech's facilities under a "rider 32 contract" and that those
facilities aren't eligible for customer-specific CTCs.  The rider 32
contract contains no significant, individually negotiated rates, terms,
or conditions.  Such a contract is included as an addendum to whatever
other agreement the customer has with ComEd, Ameritech said.  (Docket
no. 01-0078 - Illinois Bell Telephone Co. vs. Commonwealth Edison Co.,
Complaint regarding wrongful refusal to provide customer-specific
customer transition charges)

WIRELESS
NEW MEXICO
Bill would direct study of phoning while driving

Sen. Leonard Lee Rawson (R., District 37) has introduced Senate Joint
Memorial 11 to direct the Highway and Transportation Department's
traffic safety bureau to study and collect data to determine the amount
of motor vehicle accidents involving wireless phone use.

According to the measure, a study is necessary to weigh "the benefits of
wireless technology against the potential dangers of using wireless
phones while operating a motor vehicle."  SJM 11 has been referred to
the Senate Rules Committee.

SECTION 251/252
NEVADA
PUC schedules conference on UNE costs, rates

The Public Utilities Commission of Nevada has scheduled a Feb. 20
prehearing conference to examine new costs and rates for Nevada Bell's
unbundled network elements.  The commission opened the proceeding at the
company's request.

During the prehearing conference, the commission plans to formulate and
simplify issues related to this proceeding.  (Docket no. 00-7012, In re
petition of Nevada Bell Telephone Company for an Order commencing a
proceeding to determine new costs and rates for unbundled network
elements)

CUSTOMER-AFFECTING
NORTH DAKOTA
Bill would restrict telemarketing

Sen. Mike Every (D., District 12) has introduced SB 2437 to prohibit
telemarketers from calling consumers who have notified the Public
Service Commission that they object to such calls.  Telemarketers also
would be prohibited from using automatic dial-around devices to contact
a consumer unless the consumer subscribed to a service provided by the
device.

SB 2437 would require the PSC to maintain a database of telephone
numbers of consumers who don't want calls from telemarketers.  Consumers
would pay $5 for inclusion in the database, and telemarketers would pay
$10 annually for access to it.

SB 2437 also would require telemarketers to state their name and the
entity on whose behalf they were calling at the beginning of each call.
Telemarketers would be prohibited from circumventing a consumer's Caller
ID service.  The attorney general would be authorized to issue cease and
desist orders or to impose civil penalties of up to $2,000 for each
violation of SB 2437.

The bill has been referred to the Senate Committee on Industry,
Business, and Labor.

NETWORK MANAGEMENT
WASHINGTON
WUTC takes up number pooling cost recovery

The Utilities and Transportation Commission has asked for comments by
Feb. 28 regarding cost allocation and cost recovery associated with
number pooling.  In November 2000, the PUC ordered the telecom industry
to begin a 1,000-number block pooling trial in the Spokane area by July
8.  (11/30/00 a.m.)

The commission has asked interested parties to answer a series of
questions regarding cost recovery.  The questions include (1) whether
the company plans to implement a surcharge to cover state interim
pooling costs, (2) which FCC requirements apply regarding interim
pooling cost recovery, (3) should an interim pooling charge continue
once national pooling is implemented and the FCC addresses cost
recovery, and (4) should the costs of the number pooling administrator
be recovered.  (Docket no. UT-991627)

SECTION 251/252
NEW YORK
PSC seeks comment on RCN-Verizon cable experiment

The Public Service Commission has requested comment on the results of an
agreement between Verizon New York, Inc., and RCN Corp. that gives the
competitive local exchange carrier access to Verizon's house and riser
cable, instead of requiring Verizon to dispatch its own technician.
Comments are due Feb. 19 on the one-year trial agreement.

The commission said the companies reported results of the experiment
Jan. 17 "evidencing substantial disagreement concerning the success of
the program."  The commission said it's seeking comment because a final
determination regarding the trial's success may affect other competitive
local exchange carriers.

Replies are due March 5.  (Case no. 00-C-1931, In the Matter of Staff's
Proposal to Examine the Issues Concerning the Cross-Connection of House
& Riser Cables)

PRICING
ILLINOIS
Bill would require carriers to notify customers 60 days before
increasing rates

Rep. Susan Garrett (D., District 59) has introduced HB 337 to require
telecom carriers to notify customers at least 60 days before increasing
their rates.  The carriers would have to provide notified customers with
a toll-free telephone number to call regarding the rate increase.

The measure was introduced yesterday and has been referred to the House
Rules Committee.

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Enron talking points....

Factors Leading to Higher Natural Gas Prices this Winter

? Demand for natural gas has increased mainly due to consumption in the power
generation market and strength of the manufacturing sector in a booming
economy.

? Natural gas production and drilling has fallen off since 1998 due to low
prices that reached far below $2 per MMBtu.  In 2000, deliverability
utilization will be over 95 percent.

? While drilling activity has risen sharply (as much as 50% from last year),
the production from this increased drilling activity typically is not
available for several months.  According to the AGA, supply production
continues to run 16% below last year's levels.

? The past three winters have been "warmer than normal" winters in the
Midwest and much of the United States and Canada, artificially masking the
usual consumption of natural gas under "normal" weather situations.

? Very warm weather during this summer has caused a significant demand
increase for natural gas in the electricity generation sector thereby
competing for gas storage injections in the marketplace and driving prices
upward.

? U.S. storage inventory levels are lower than historical average levels from
the past six years, according to the AGA.  The cost of storage inventory at
this summer's strong prices could eliminate the price advantage traditionally
experienced in the winter.

? Other heating fuels like propane and heating oil are also showing
significantly higher prices and potentially lower stocks this winter than
last.


EFF_DT PORTFOLIO_ID DOWN95
11/29/00 MANAGEMENT-CRD 0
11/29/00 MANAGEMENT-GAS 1,212,593
11/29/00 MANAGEMENT-PWR 199,079
11/29/00 AGG-MANAGEMENT 1,249,461