FYI.  Wanted to pass on this information.  After working with Minnegasco to help them
	use Park and Ride as much as possible (considering we were allocating storage), the
	Minnegasco scheduler went into the system for Friday's gas day and changed their business
	between Intraday 1 and Intraday 2.  This caused cuts through Demarc and Mid 17.  We
	tried to help as much as possible and keep the same rules we have with all other shippers.
	If you have any questions, please let me know.   Thanks. Lynn

 -----Original Message-----
From: 	Wilkens, Jerry
Sent:	Saturday, November 17, 2001 9:07 PM
To:	ANNE WILSON (E-mail); JOHN KAMPRUD (E-mail)
Cc:	Buchanan, John; Blair, Lynn; Kowalke, Terry; January, Steve; Berg, Vicki; Valley, Lisa
Subject:	FW: K#21349 FOR GAS DAY ENDING 11-16-01

FYI,
K#21349 CONTRACT RECEIPT NOMINATION FOR 11-16-01:     333,400 DTHS
              SCHEDULE RECEIPT VOLS. (FINAL)                         227,819 DTHS
                                                                                -105,581 DTHS SHORT FOR THE DAY RECEIPTS
             ADJUSTED SCHEDULE RECEIPT VOLS. (FINAL)     +  43,834 DTHS
                                                                                -61,747 DTHS  SHORT FOR THE DAY RECEIPTS

**NOTE**
 #1  ALL SCHEDULE STORAGE (POI-98 & 71459) @ FINAL WAS REROUTED TO POI-197 (GLENWOOD)  = 13,103 DTHS
 #2  BROUGHT OUT OF P&R STORAGE (POI-71459) A VOLUME OF 6,459 DTHS TO BALANCE POI-197 (GLENWOOD)
 #3  SCHEDULED DELIVERIES AT THE ZONE (3026) A VOLUME OF 164,025 DTHS


10 am Houston time?

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

	"Jain, Adarsh" <JAINA@coned.com>
	01/26/2001 08:05 AM

		 To: "Barrett, Peter J." <BARRETTP@coned.com>, "Douglas, Patricia M."
<DOUGLASP@coned.com>, "Dooley, Sylvia V." <DOOLEYS@coned.com>,
"'emoser@milbank.com'" <emoser@milbank.com>, "'esanford@milbank.com'"
<esanford@milbank.com>, "'samantha.boyd@enron.com'"
<samantha.boyd@enron.com>, "'janelle.scheuer@enron.com'"
<janelle.scheuer@enron.com>, "'sara.shackleton@enron.com'"
<sara.shackleton@enron.com>
		 cc: "Forte, Michael" <FORTEM@coned.com>, "Rozmus, Gary" <RozmusG@coned.com>,
"Lubling, Chanoch" <LUBLINGC@coned.com>, "Irwin, Peter" <IrwinP@coned.com>,
"Jain, Adarsh" <JAINA@coned.com>
		 Subject: Conference Call

 A conference call has been set up for 10:00 AM today to further
discuss the issues and to reach a resolution.

 The dial in number is : 1-800- 851-1766

 Participant Code is: 576306

 Thank you very much.


Dear Steve & Bill,

As requested, I attach a paper we have prepared about the scope of a
corporate business intelligence function.  Once you have had a chance to
review it, I would be happy to arrange a meeting or conference call with the
principal authors.  Best regards, Edward

Edward Grubb
http://www.crg.com
phone: +1 (703) 893 0083 ext. 203
fax: +1 (703) 893 1836
email: Edward.Grubb@control-risks.com

This e-mail contains priviledged and confidential information intended for
the use of the addressees named above. If you are not the intended
recipient of this e-mail, you are hereby notified that you must not
disseminate it, copy it or take any action in respect of any information
contained in it. If you have received this e-mail in error, please notify
the sender immediately by e-mail and immediately destroy this e-mail and
its attachments.

 - Bus Intell.doc


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---------------------------
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Louise -

Below is the report on yesterday's DealBench issues.  Please let me know if you would like further information.

- Dan

 -----Original Message-----
From: 	Elrod, Hal
Sent:	Friday, February 02, 2001 2:53 PM
To:	Bruce, Dan
Cc:	Hillier, Bob; Spitz, John
Subject:	DealBench 2/2 auction failure cause and solution
Importance:	High

Event Sequence
?	Lot 1 of two Sabre auctions went through without issues
?	Between Lots, there was a scheduled 15 minute interval.  About 10 minutes into this period, developers monitoring the system saw errors showing up on the View Deal page.  Within minutes, users reported the same problem reentering the Sabre deal.  The rest of the site was unaffected
?	Within five minutes, the problem was isolated to the document management subsystem of DealBench.  Solution Attempts:
?	Restart the process that returns documents
?	Move the documents off the deal
Solution:
?	Create a second deal, same structure as the first, but without the documents.
?	The auction on the second Lot started approximately 40 minutes late.  Once started, it continued without further errors through several auction extensions, finally resulting in a $500K savings for Sabre.

Cause
?	Document management process stopped returning documents and was instead returning null values.  This caused the View Deal page to appear "hung". The Document to be served was the "deal agent logo", a special document type that is displayed at the top of the page.

Contributing Factors
?	The run.bat script, which launches the document management Java process, was not logging its status
?	The SQL statement that retrieves the deal agent logo did not correctly handle the special case of a document file being moved.  Therefore, moving the deal agent logo to another deal did not solve the error.
?	run.bat had never failed previously, and the process had been running consistently for over 60 days.  Therefore it was not initially suspected as a problem source.

Fixes
?	An immediate stop-work on further enhancements to DealBench until system stability has been addressed
?	Isolate document management process in the test environment, and thoroughly test all possible failure scenarios.
?	Start logging and tracking of run.bat script and document management process
?	Make document management process fully redundant, so it will failover in the event of error
?	Increase monitoring on new log files
?	Initiate an in-depth architectural review with Kevin Montagne's team, to identify further areas to improve system robustness


Orangemen suck.  I hate Syracuse.  I'm no longer a fan.

Andrew Brief <andybrief@yahoo.com> on 03/19/2001 10:29:53 AM
To: Matt.Smith@enron.com
cc:

Subject: Re: Hey

how 'bout them orangmen? ugh.

good to see you last week.

brief
--- Matt.Smith@enron.com wrote:
>
> yo, i'm still coming.  saturday would be great.  I'm
> in the city all day
> and night, and the only plans i have are to go to
> the game sat.  I'll call
> you when i get a chance.  My cell phone is
> 832-444-7702.
>
> Looking forward to seeing you.
>
> mat
>
>
>
>
>
> Andrew Brief <andybrief@yahoo.com> on 03/08/2001
> 08:12:46 AM
>
> To:   Matt.Smith@enron.com
> cc:
>
> Subject:  Re: Hey
>
>
> stud-
>
> when are you coming?
>
> sadly, i have  abig work weekend, but we can
> maneuver
> around it. i am on call friday and sunday. am off
> all
> day saturday and would love to meet out saturday
> night
> (after your game--nig east tourney, i assume). make
> sure to call me asap.
>
> 646-935-9340
>
> page 917-389-3882
>
> brief
> --- Matt.Smith@enron.com wrote:
> >
> > I should be good for a place to say, but I
> certainly
> > appreciate the offer.
> > I'm definitely still coming, though.
> > Soooooooooooooooooooooooooooo, tell
> > me when you're free, and we'll hang out.  You and
> > Jess up for dinner?
> > Right now, saturday night is the only night I have
> > plans (basketball game).
> > I'll be going out afterwards, though.  Just let me
> > know.
> >
> > Later.
> >
> >
> >
>
>
> __________________________________________________
> Do You Yahoo!?
> Get email at your own domain with Yahoo! Mail.
> http://personal.mail.yahoo.com/
>
>
>
>

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/


Richard Shapiro
	02/21/2001 04:50 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: California

Please distribute to entire group - recent talking points and proposals re:
California .
---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/21/2001
04:48 PM ---------------------------
From: Jeff Dasovich on 02/16/2001 08:49 AM
Sent by: Jeff Dasovich
To: Sandra McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,
MDay@GMSSR.com, Hedy Govenar <hgovenar@mail.acom2.com> @ ENRON, Scott Govenar
<sgovenar@govadv.com>, Paul Kaufman/PDX/ECT@ECT, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, skean@enron.com, mpalmer@enron.com, Karen
Denne/Corp/Enron@ENRON, BTC <BCragg@GMSSR.com>
cc:

Subject: Ken Lay's email to Sen. Brulte

Greetings All:

First, I am apologizing in advance for any typos in this email.  Schedule is
very tight, but I wanted to make sure that everyone had it first thing this
morning, with some back-up info that I've included below.

Attached is the email that was sent to Ken Lay's office yesterday evening for
delivery to Sen. Brulte.  It's of course confidential.  Few points:

I don't have Bev's email, so if you could please forward to her, that would
be appreciated.
As we discussed (Jim, Mike, Bev, Scott, Hedy) on our lengthy call on
Wednesday, I'm assuming that the plan is still to "wallpaper" Sacramento with
our proposed legislation.
This email does not contain the legislation.  Mike sent the "final" versions
of our legislation out yesterday, except for the siting piece, which I
believe Brian Cragg of Mike's office is finalizing today.
You'll note that we promise Senator Brulte in the email that we'll deliver to
his office today the proposed legislation.  Again, based on our call on
Wednesday, I'm assuming that we would simultaneously release the proposed
legislation to the rest of the world at the same time.
When we spoke on Wednesday, we decided that the Sacramento team would
determine to whom we would circulate the proposed legislation at the same
time that we deliver the Senator Brulte. I'm assuming that you folks will
handle that end of things.  Please let us know at your convenience to whom
you've decided to circulate.
This email does, however, include a "summary" of our proposed legislation.
But I'm not certain that the summary included in this email is the
appropriate language to distribute "to the world," or if we'll need instead
to tailor some new language.  I think we all agreed that we need a "one
pager" to accompany the legislative package so that we can communicate the
package effectively.
We also discussed the need to quickly develop a coalition to support our
proposals.  We didn't finalize that plan.  Perhaps the Sacramento team could
propose a plan to do that.  Perhaps we could start with our friends in the
Direct Access coalition?
We also talked about the need at this point to engage in PR and to get the PR
machinery activated, also with the goal of effectively communicating our
legislative package/message.  We're in a meeting with folks today where we
can discuss getting that side of things going and Karen Denne has contacted
Marathon and they're pondering some things that we can do in the near term.
You'll note that there's a considerable amount of information about the DWR
credit issue.  As I recollect, we discussed the issue in depth on the call.
You note that attached to the email is a "legislative fix" to AB1X that could
solve the credit issue and an attached set of "taking points" related to a
second alternative to solving the credit issue:  a PUC order clarifying that
DWR will get its money for power purchase costs.
Note also that Steve Kean reminded me that we've got to continue to push to
get the utilities out of the merchant function.  Accordingly, I've put a
brief paragraph on that issue in the note to Brulte in the last section
(legislative solution) under the topic "create a real competitive retail
market in California."  To the best of my knowledge, we don't have
legislative language on that piece yet, and it seems that we'll need to
discuss it in considerably more depth before doing so.

If you have any questions about any of the materials in the email, please
don't hesitate to contact me or Jim or Sandi to discuss.  I can be best
reached to day by pager at 888.916.7184.

Thanks to all for helping pull this together.

Best,
Jeff

----- Forwarded by Jeff Dasovich/NA/Enron on 02/16/2001 08:27 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 06:11 PM

		 To: jdasovic@enron.com, skean@enron.com, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron
		 cc:
		 Subject:

Steve:
Here's a substantially more cleaned-version, with attachments.  There's a
hard copy on your chair.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 05:57 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/15/2001 05:56 PM

		 To: jdasovic@enron.com
		 cc:
		 Subject:

Jim:
It was a pleasure speaking with you yesterday.  Based on our conversation,
this email includes the following:

An Enron contact to discuss developing small-scale generation on Tribal lands.

Our views on the impediments to distributed generation and suggestions on how
to remove those impediments.

A description of the credit issues that continue to impede DWR,s ability to
sign contracts with power suppliers, and options to resolve them. Two
possible options for addressing the credit issue are 1) a California PUC
order clarifying that DWR will recover its power purchase costs through
rates, and 2) an amendment to AB1X designed to accomplish the same goal.  I
have attached talking points regarding the California PUC order and proposed
amendments to AB1X.  We believe that an amendment to AB1X is the preferable
option.

Our assessment of the supply/demand picture in California.

Our suggestions for a legislative package designed to solve both the near-
and long-term electricity crisis in California.  We will deliver to your
office tomorrow detailed legislative language.  In those materials we will
also identify existing bills that we believe can easily accommodate our
proposed language.

I hope that the information is useful.  Please do not hesitate to contact me
if you would like to discuss these materials further, or if there is anything
else that I can do to assist you.

Regards,
Ken

Contact Information to Discuss Interest Expressed by Native American Tribes
in Installing Small-scale Generation on Tribal Lands

David Parquet, Vice-President
Enron North America
101 California Street, Suite 1950
San Francisco, CA 94111
Phone: 415.782.7820
Fax: 415.782.7851

2. Key Barriers to Distributed Generation

Excessive and Unnecessary Utility Stand-by Charges

Solution: The executive orders issued by the Governor on February 14th took a
step in the right direction.  Utility stand-by charges have always been
designed by the utilities to protect their monopoly position, extract
monopoly prices from customers, or both.  But there is no reason to limit the
elimination of these charges to generation facilities that are less than
1MW.  These limits will only lengthen unnecessarily the time it takes for
California to close the significant gap between supply and demand and reduce
the risk of black outs this summer.  We would propose lifting the cap by
offering amendments to SB27X, which is designed to facilitate development of
distributed generation.

Excessive delays and costs related to interconnecting facilities with
investor-owned and municipal utilities

Solution:   The Governor,s executive order regarding interconnection is a
step in the right direction*D-D-26-01 requires utilities to complete
interconnection studies within 7 days.  California should ensure that this
requirement applies to all generation facilities, including distributed
generation.  In addition, the financial conflicts the utilities face when
interconnecting generation facilities are simply too powerful to overcome
through executive orders or other regulations.  To the greatest extent
possible, California should shift control over interconnection away from the
utility and place that control with the California ISO.  This could be
accomplished through amendments to SB 27X.

Permitting and Air Quality Issues
Developers of distributed (i.e., &on-site8) generation that is 50 MWs or
greater must receive certification from the California Energy Commission and
therefore face all of the impediments to development that large-scale
generation faces.

Solution: California should ensure that the executive orders (D-22-01 thru
D-26-01) issued by the Governor to expedite plant siting and maximize plant
output apply equally to smaller scale, &distributed generation8 facilities.
In addition, distributed generation that is less than 50 MWs continues to
face local opposition.  The State should ensure that local, parochial
interests cannot block otherwise beneficial distributed generation projects.
These objectives could be accomplished through amendments to SB27X.

3. Credit Concerns Regarding Authority Granted to DWR in AB1X to Purchase
Electricity on Behalf of the Utilities

Enron responded to the RFP issued by DWR to enter into power contracts with
suppliers.
Enron is in active discussions with DWR to establish contract terms with the
goal of entering into a power purchase agreement as soon as possible.
However, ambiguities contained in AB1X have created significant credit risk
concerns that need to be resolved in order to finalize contract terms.
We understand that the lion,s share of counterparties share Enron,s credit
risk concerns.
Enron has proposed several options for resolving the credit risk issues and
is working with DWR to arrive at a solution that is mutually agreeable to
both sides and that might serve as a template for power purchase agreements
going forward.

Summary of the Source of the Credit Risk Issue

Ambiguous Ratemaking Authority
The language in AB1X is ambiguous as to whether DWR has any authority to
charge California ratepayers for the costs of purchasing power.  From our
analysis of the bill, the language in AB1X appears to leave intact the
California PUC,s exclusive jurisdiction over ratemaking in California.  As
such, suppliers have no assurance that the PUC will agree to include in rates
adequate charges to cover DWR,s costs of power purchases.

Ambiguous Regulatory Authority Regarding Contract &Prudence8
The language in AB1X leaves open the possibility that the California Public
Utilities Commission could determine that power purchases made by DWR are
&imprudent.8  On the basis of such a finding, the CPUC could then refuse to
allow DWR to collect from ratepayers the costs associated with its power
purchases.  Consequently, suppliers have no assurance that the PUC will agree
to include in rates the charges to cover the costs of power contracts that
DWR has entered into with suppliers.

Ambiguous Language Regarding the Ratemaking Mechanism that Will Be Used to
Recover DWR,s Costs of Power Purchases
In addition to the ambiguity regarding ratemaking and regulatory authority
noted above, the language in the bill is equally ambiguous with respect to
the specific ratemaking &mechanics8 that AB1X directs the PUC to employ to
permit DWR to recover its power purchase costs. Based on our analysis, it is
extremely difficult to determine how the PUC would design the rates to ensure
DWR recovers its power purchase costs.  Moreover, as currently drafted, it is
difficult to determine whether AB1X would even permit the PUC to include in
rates all of the charges necessary to fully recover DWR,s power purchase
costs.  Again, this ambiguity raises significant credit risk concerns since
suppliers have little assurance that DWR will have the ability to recover
from ratepayers the costs of purchasing power.

Options to Resolve Concerns Regarding Credit Risk

We have been working diligently with DWR officials to resolve the credit risk
issues.  We have identified three options:

Amend AB1X
The amendments, which are attached to this email, would clarify that a) the
PUC would accept as &prudent and reasonable8 all purchase costs incurred by
DWR, and b) the PUC is obligated to include in rates the charges necessary to
ensure that DWR fully recovers its costs of power purchases.  This is the
preferred option, though we understand that the there may be some political
challenges standing in the way of amending AB1X.  (See attached file
entitled, &AmendAB1X.doc8.)

Clarify the Ambiguities in AB1X through an Order Issued by the PUC, and
through Contract Language
This is the option that we are currently working with DWR officials to
implement.  However, it is more complicated and could take significantly more
time to implement than the "legislative" fix.  We have attached electronic
copies of the talking points related to the order that the California PUC
would need to issue under this option.  (See attached file entitled,
&cpuctalkingpoints.doc.8)

Make Use of Other Instruments Designed to Address Credit Risk
As indicated in our letter responding to DWR,s RFP, we are willing to accept
other forms of credit from DWR.  Those options include a letter of credit,
cash prepayment, or an acceptable form of collateral.  DWR officials have
indicated to us that DWR prefers to pursue the second options. That is, DWR
prefers to clarify the ambiguities in AB1X through a PUC order and through
contract amendments.

4. California,s Supply-demand Picture Heading into Summer 2001

Both the California Energy Commission and Cambridge Energy Research
Associates (CERA), a private sector energy think tank, have issued reports
showing that California faces a severe supply-demand imbalance.  They differ
only on how much and how soon additional supply will be made available.  All
credible sources agree that supply will be very tight throughout the Summer
of 2001 and that unless a solution is found immediately, blackouts are
likely.

CEC and CERA both forecast that California will be short of supply this
summer by approximately 5,000 MW.   These numbers are in line with our
estimates.  California,s supply base currently has a 6% capacity margin, well
below the average 15-20%, which is recommended for reliable system operation
in the West.  Since the West relies more heavily upon hydroelectric power
than other regions, reserves are particularly important, owing to the
unpredictability of the weather and the dry year the West has experienced to
date. In the event of a low rain and snow period, the system must possess the
flexibility to respond to the reduced availability of power supply.
California,s very low reserve margin makes it especially susceptible to this
requirement.

Other reasons for reduced supply for the Summer of 2001 include the early
draw-down of reservoirs in the continual effort to manage California's severe
supply-demand gap; emissions restrictions on existing plants; and a reduced
number of customers who can be curtailed under their contracts with the
utilities.  Cambridge Energy Research Associates asserts that at the current
pace of siting, permitting and construction, adequate supplies will not be
added to correct the market imbalance until 2003 at the earliest.

CERA predicts that California is likely to face approximately 20 hours of
rolling black outs this summer.  The CEC paints a considerably more
optimistic scenario, betting that California will bring an additional 5,000
MWs on line to meet peaking summer demand.  It is our view that California
should view the CEC's "rosy scenario" with considerable skepticism.

5. Suggested Package of Legislative Proposals Designed to Solve California,s
Electricity Crisis

This email offers an overview of our proposed legislative solution.  We will
deliver to your office tomorrow specific legislative language and existing
bills that we believe can accommodate our proposals.

As we have suggested throughout the crisis, any solution to California's
crisis must focus on four issues:

Increase supply
Decrease demand
Establish a truly competitive retail electricity market
Return California,s Investor-owned utilities to solvency

Increase supply--Legislative vehicle: SB28X (Sher)
To site and construct a power plant in Texas takes approximately 2 years.
Enron and others have completed the entire process in other states in less
than a year.  In California, it takes about six years, or longer.

The Governor,s executive orders and Senator Sher,s siting reform legislation
are steps in the right direction.  Our suggested amendments can improve those
efforts by further addressing the difficulties that project developers face
in securing air emission reduction credits to meet the air permit
requirements included in the CEC's certification requirements.  Enron,s
proposal seeks to streamline the process for 1) obtaining credits and 2)
transfering credits between air districts.  In addition, it creates an
innovative emissions reduction bank to allow project sponsors to fund
emissions in advance of obtaining certification, and permits the affected air
districts to use those funds to finance projects that will produce the
required reductions in pollution emissions.

Decrease demand*Legislative Vehicle:   AB31X (Wright)
Because of the delay in getting a solution in place in California, closing
the supply-demand gap through energy conservation and efficiency offers the
best chance of avoiding blackouts this summer.  This can be accomplished most
effectively and quickly in two ways:

Buy-down demand
California is tapping into an enormous amount of money from the General Fund
to finance DWR,s power purchases.  California could likely reduce demand more
economically by running an auction to determine the payments businesses would
be willing to receive to reduce their demand for a sustained period (e.g.,
through the summer months).  DWR could easily run an on-line auction to
determine the price it could pay for these demand reductions.  To
participate, businesses would be required to have the metering equipment
necessary to monitor and verify that they are actually achieving the
reductions.  Enron has developed an on-line auction software package, &Deal
Bench,8 that it would be willing to contribute to the effort.

Use Price Signals to Incent Voluntary Curtailment
To be successful, customers need access to the following key elements:

An internet based hour-ahead price posting system to track the market price
for hour-ahead power in real time.
Real-time metering systems for baseline demand and voluntarily curtailment
verification.
Settlement process that allows for market clearing prices of energy to be
paid for load reduction (&Negawatts8).

The potential benefits of an effective demand response program would include:

&creation8 of additional summer peaking capacity in California, particularly
in the short term, without requiring construction of additional generation
resources.
reduction of  peak or super-peak load on the over-stressed California
electric system, thus potentially reducing the overall cost of electricity in
the state.
fostering of demand elasticity without subjecting customers to the full risk
of hourly market price volatility by passing market price signals to
customers and allowing them to voluntarily shed load and be compensated for
responding.

We estimate that we could generate a summer 2001 on-peak demand response in
excess of 400 MW during certain high cost hours, and a demand response for
summer 2002 on-peak hours that could exceed 1000 MW.  We further estimate
that the market response to this program from all ESPs could be 2 to 3 times
that amount.  We recommend that the State of California provide rebates
directly to customers to fund the installation of advanced metering and
control systems that would support load curtailment implementation.

Establish a truly competitive retail electricity market*Legislative vehicle:
SB27X
The only customers who were protected from price volatility in San Diego were
customers who chose Direct Access and signed fixed price deals with energy
service providers.  Ironically, AB1X takes that important option away from
customers and businesses.  It is critical that AB1X be amended to remove the
prohibition against Direct Access.

Enron's legislative proposal would give customers freedom to enter into a
direct access transaction, while simultaneously addressing the Department of
Water Resources' concerns about stranded power costs that might result from
customer migration.

In addition, California will only achieve a competitive retail market when
the utility is removed completely from the procurement function.  Procurement
is not a utility core competency, as evidenced by the dire financial
condition in which the utilities now find themselves.  California should
therefore begin immediately to phase the utility out of the procurement
function entirely, with the goal of having all customers served by a
non-utility provider within 36 months.  To execute the transition, California
should hold a series of competitive solicitations over the 36-month period in
which competing service providers would bid for the right to serve segments
of utility load.

Return California,s Investor-owned utilities to solvency*Legislative vehicle:
AB18X
Utility bankruptcy will not increase supply and it will not decrease demand.
In short, bankruptcy does nothing to solve California,s supply-demand
imbalance.  In addition, bankruptcy increases the likelihood that consumers
and businesses will bear the significant financial risks of having California
State government assume the role of &electricity buyer8 for an extended
period of time.  Finally, bankruptcy will undermine both investor confidence
in California's energy markets and the private sector's willingness to
participate in that market.

California can return the utilities to financial solvency by implementing a
series of staged rate increases.  California should design those rate
increases with the dual goal of returning the utilities to solvency without
&shocking8 the economy or household budgets For example, California could
amortize the recovery of the utilities, past debt over a 5-10 year period.
In addition, the magnitude of the rate increase can be reduced in two ways:
First, the utilities could absorb some portion of their existing debt in
recognition of the risk they accepted when they agreed to the structure of AB
1890.  Second, California can &net8 the revenues the utilities have received
from selling electricity into the Power Exchange against the debts they have
accrued due to the retail price cap.


Just wanted you to have a copy of everything I received. I will make all
of these changes and send it out.

-----Original Message-----
From: Alan.Larsen@enron.com [mailto:Alan.Larsen@enron.com]
Sent: Thursday, January 11, 2001 12:07 PM
To: Thompson, Peter J.
Subject: Fountain Valley GT Procurement Agreement

Peter-the values to insert in the contract are in bold in the
spreadsheet
attachment below.  No periods in E-Next Generation LLC
---------------------- Forwarded by Alan Larsen/PDX/ECT on 01/11/2001
08:54
AM ---------------------------

Ed Dannhaus@ENRON_DEVELOPMENT
01/11/2001 09:13 AM

To:   Alan Larsen@ECT, Jeff G
      Slaughter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Mullen@ECT
cc:   Larry Leib@Enron

Subject:  Fountain Valley GT Procurement Agreement

See the attached.  The original  contract called for net electrical
output
so we have to live with net.  The attached table outlines the net output
for gurantees and specific gurantees.  We now have to measure their aux
consumption to insure we are not cheated.
---------------------- Forwarded by Ed Dannhaus/ENRON_DEVELOPMENT on
01/11/2001 08:53 AM ---------------------------

Larry Leib@ENRON
01/11/2001 07:28 AM

To:   genel@nepco.com, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
      ed.dannhaus@enron.com, ken.reynolds@nepco.com, John
      Normand/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject:  Fountain Valley GT Procurement Agreement

Ed Dannhaus asked me to recall a conversation held with Lee Johnson a
few
days ago in which Lee relayed calculations that he had prepared for Ed.
I
had not acted on the information, assuming it would be relayed to me
through Ed.  Evidently, Lee did not get back to Ed, so I have attached a
summary of my notes.  In preparing this note, I have reviewed the
content
and the Procurement Agreement terms and provide comments to Lee's info.
with required adjustments.  The values and adjustments to be  used in
the
agreement are in bold font.    See attached.

I must also note that the Basis Conditions included in the last draft
included a note that new and clean conditions exist for up to 200 fired
hours.  Section 10.12.4 orf the agreement states 300 hours.  The Basis
Conditions should reference 300 hours.

 (See attached file: specific performance.xls)

Regards,

Larry

 - specific performance.xls


-----Original Message-----
From: 	Sayre, Frank
Sent:	Tuesday, November 06, 2001 6:14 PM
To:	Heard, Marie; St. Clair, Carol; Cook, Mary
Cc:	Taylor, Mark E (Legal); Hendry, Brent; Shackleton, Sara; Bailey, Susan; Panus, Stephanie; Boyd, Samantha; Jones, Tana; Heard, Marie; Keiser, Holly
Subject:	Amerada Hess and Carolina Power & Light Update

Last Friday, Amerada Hess opted to proceed first with getting the ISDA Master Agreement between ENA and Amerada Hess Corporation ("AHC") completed before addressing the Master Netting Agreement, which they believe is subject to fraudulent transfer issues, etc.  The following has occurred:

a.	Enron Corp. multiproduct guaranty in amount of $75,000,000 executed and sent to AHC on 10/29/01, as was Certificate of Incumbency attesting to authority of Mary Perkins to  sign the guaranty;

b. 	Initial draft of our comments to AHC's form Schedule was sent to AHC on 10/30/01;

c.	Draft Paragraph 13 to Credit Support Annex received from AHC on 11/2/01;

d.	Assignment and Novation of Transactions document agreeing to assignment of financial trades previously done by Hess Energy Services Company, LLC ("HESCO") to AHC executed and sent to AHC for execution on 11/2/01;

e. 	First Amendment to Hess Energy Trading Company, LLC ("HETCO") ISDA Master Agreement setting collateral threshold for both parties at $5,000,000 executed and sent to HETCO by fax on 11/2/01; originals were sent to Hess for execution of 11/5/01;

f.	Conference call with Chuck Cerria and Dana Dellacona to review Schedule;

g.	 Letter agreement agreeing to assignment of physical gas trades previously done by Hess Energy Services to AHC executed and sent returned to AHC on 11/6/01;

h.	Received request on 11/6/01 from Chuck Cerria at AHC to look at form of Assignment and Novation of Transactions document used for HESCO assignment for use in assigning all of AHC's financial trades to HETCO.  Reviewed document and, after confirming that I did not have any authority to sign off on the documents or the structure of the assignment until after I received the approval of Bill Bradford and our credit group, I told Mr. Cerria that they looked ok to me but probably would have to be expanded to include a statement that the transactions in question would fall under HETCO ISDA Master Agreement.  Mr. Cerria is amending the documents accordingly;

i.	On 11/6/01 sent rough draft of mark-up of Paragraph 13 to Credit Support Annex to Dana Dellacona with caveat that ENA credit had not reviewed the document, the document was being sent merely to expedite the ISDA negotiation process and the document was subject to change by ENA after credit review; also worked through it with Dana and John Butala.  Dana will be redrafting it and sending a new draft;

j.	Received redraft of Schedule to ISDA from Dana Dellacona for review during afternoon of 11/6/01.

I have told everyone at AHC that I will be out of the office on 11/7/01 but can be reached until 11:30 am at my home [(713) 942-0007].  Copies of all of the above (except item "f") are on my desk in a file marked "Hess" and any documents I've drafted are on a disk marked "Hess" or in my email files (Holly can get into these).


----- Forwarded by Susan J Mara/NA/Enron on 01/31/2001 09:04 AM -----

	Scott Govenar <sgovenar@govadv.com>
	01/31/2001 05:04 AM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Rick
Johnson <rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick
Shapiro <rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan
Comnes <acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, "msmith1@enron.com" <msmith1@enron.com>,
"ryang@enron.com" <ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>,
"vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: [Fwd: FW: Audit Reports in A.00-11-038 et al.]

Attached, please find the CPUC's audit of PG&E.

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From: MBD <MDay@GMSSR.com>
To: "'Scott Govenar, Enron lobbyist'" <sgovenar@govadv.com>
Subject: FW: Audit Reports in A.00-11-038 et al.
Date: Wed, 31 Jan 2001 08:49:41 -0800
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-----Original Message-----
From: Hartmann, Audra [mailto:ath@cpuc.ca.gov]
Sent: Tuesday, January 30, 2001 7:54 PM
To: 'abb@eslawfirm.com'; 'ad046@detroit.freenet.org'; 'anchau@shellus.com';
Minkin, Angela K.; 'aorchard@smud.org'; 'askaff@energy-law-group.com';
Hartmann, Audra; 'athomas@newenergy.com'; 'berry@apx.com';
'bfinkelstein@turn.org'; 'bill.mccallum@ci.fresno.ca.us';
'blaising@braunlegal.com'; 'bloomje@la.whitecase.com';
'bob_anderson@apses.com'; 'bpowers@seniors.org';
'brbarkovich@earthlink.net'; 'btenney@landuselaw.com'; 'cafield@pirg.org';
Linsey, Steve; 'chilen@llgm.com'; 'chrism@mid.org';
'chrisw@greenlining.org'; 'cmkehrein@ems-ca.com'; Walwyn, Christine M.;
'ConsumersFirst@worldnet.att.net'; 'cpeyton@sacbee.com';
'cread@steptoe.com'; Danforth, Christopher; 'dcarroll@dbsr.com';
'ddavie@hesinet.com'; 'derkp@newsdata.com';
'difellman@energy-law-group.com'; 'dkk@eslawfirm.com'; Lafrenz, Donald J.;
'dmarcus@slip.net'; 'douglass@arterhadden.com'; 'dwrlegal1@water.ca.gov';
'dws@keywaycorp.com'; 'ed@apx.com'; 'ed@clfp.com'; 'edwardoneill@dwt.com';
'ell5@pge.com'; 'emitchel@angnewspapers.com'; 'epoole@adplaw.com';
'fchristi@arterhadden.com'; 'fmo@sdcity.sannet.gov'; 'foothill@lmi.net';
'fosterbc@sce.com'; 'foxba@sce.com'; 'frank.cooley@sce.com'; Fua, Faline;
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'georgeperrault@msn.com'; 'gerhordt.herbert@msdw.com'; Kinosian, Robert;
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'hodgesjl@pacbell.net'; 'honest@compuserve.com'; 'howens@seniors.org'
<mailto:'howens@seniors.org'> ; 'huse@eesconsulting.com';
'imoosen@gralegal.com'; 'j3m9@pge.com'; 'jbarthrop@powersavers.com';
'jbennett@gmssr.com' <mailto:'jbennett@gmssr.com'> ; 'jbushee@sablaw.com';
'jcpaine@stoel.com'; 'jdh@eslawfirm.com'; 'jeff@hmhresources.com';
'jep@cpuc.ca.gov'; 'jerryl@abag.ca.gov' <mailto:'jerryl@abag.ca.gov'> ;
Zeller, Jason; 'jleslie@luce.com'; Lo, Jeanette; 'jlondon@gralegal.com';
'jlyoung@sempra.com'; 'jmalkin@orrick.com'; 'jnnc@chevron.com'
<mailto:'jnnc@chevron.com'> ; 'joe.paul@dynegy.com'; 'jogg@jhenergy.com';
'jon.jacobs@paconsulting.com'; 'joseh@lif.org'; 'jparrott@sempra.com'
<mailto:'jparrott@sempra.com'> ; DeUlloa, Joseph R.;
'jsilva@edisonenterprises.com'; 'jsmollon@newwestenergy.com';
'jsqueri@gmssr.com'; Wong, John S.; 'jtachera@energy.state.ca.us';
'julesan@aol.com'; 'jweil@aglet.org'; 'jyf1@pge.com'; 'jyoung@ebmud.com';
'karen@klindh.com' <mailto:'karen@klindh.com'> ;
'keith-sappenfield@reliantenergy.com'; Malcolm, Kim; 'kmccrea@sablaw.com';
'kmcspadd@milbank.com'; 'kmelville@sempra.com'; 'kmills@cfbf.com'
<mailto:'kmills@cfbf.com'> ; Kajopaiye, Kayode; 'kpoole@adamsbroadwell.com';
Hattevik, Kerry; 'ktilton@gralegal.com'; 'lgurick@calpx.com';
'ljhubbard@sempra.com' <mailto:'ljhubbard@sempra.com'> ;
'LKristov@energy.state.ca.us'; 'lmh@eslawfirm.com'; 'luluw@newsdata.com';
'LVanWagenen@sempra.com'; 'lys@aelaw.com' <mailto:'lys@aelaw.com'> ;
'mbrubaker@consultbai.com'; 'mday@gmssr.com'; 'mdjoseph@adamsbroadwell.com';
'melanie_gillette@rmiinc.com' <mailto:'melanie_gillette@rmiinc.com'> ;
Stevens, Maria E.; 'mgomez1@bart.gov'; 'mhg@hetrading.com';
'mmattes@nossaman.com'; 'mpa@aelaw.com'; 'mrh2@pge.com'
<mailto:'mrh2@pge.com'> ; 'mschwebs@energy.state.ca.us'; 'mshames@ucan.org';
'musicamaria@yahoo.com'; 'napedersen@jonesday.com'; 'natutt@duanemorris.com'
<mailto:'natutt@duanemorris.com'> ; 'nevillm@hdcdojnet.state.ca.us';
'normkr@aol.com'; 'nryan@environmentaldefense.org'; 'NXK2@pge.com';
'oshirock@pacbell.net' <mailto:'oshirock@pacbell.net'> ;
'pat.williams@dhcmail.com'; 'patrickm@crossborderenergy.com';
'paul.harris@bridge.com' <mailto:'paul.harris@bridge.com'> ;
'pbray@newpower.com'; 'peter_fox-penner@brattle.com'; 'phanschen@mofo.com';
'picketse@sce.com'; 'pjmuller@ricochet.net' <mailto:'pjmuller@ricochet.net'>
; 'pjpowerlaw@aol.com'; 'pmcdonne@wenet.net'; 'psly@ebmud.com';
'randy.chinn@senate.ca.gov'; 'randy_britt@mayco.com'; White, Rosalina;
'rbw@mrwassoc.com'; 'rcosta@turn.org'; 'rcsstl@cdmnet.com';
'rick.counihan@greenmountain.com'; 'RJP2@pge.com'; 'rliebert@cfbf.com'
<mailto:'rliebert@cfbf.com'> ; 'rmccann@cal.net';
'robert.d.schasel@fritolay.com'; 'rogerberliner@bcjlaw.com';
'ronknecht@aol.com'; 'rpernell@energy.state.ca.us'
<mailto:'rpernell@energy.state.ca.us'> ; 'rrcollins@n-h-i.org';
'rrh3@pge.com'; 'rschmidt@bartlewells.com'; 'rtavares@energy.state.ca.us';
Feraru, Robert T.; 'sberlin@mccarthylaw.com'; 'scottst@mid.org';
'sdefrawi@efaches.navfac.navy.mil'; Casey, Sean F.;
'sgreenberg@realenergy.com' <mailto:'sgreenberg@realenergy.com'> ;
Gallagher, Sean H.; 'Slayman@energy.state.ca.us'; 'smoss@hooked.net';
'smutny@iepa.com'; 'ssmyers@worldnet.att.net'
<mailto:'ssmyers@worldnet.att.net'> ; 'thaines@smud.org';
'theresa_mueller@ci.sf.ca.us'; 'thoulihan@mdbe.com';
'tom.oneill@abnamro.com'; 'tomb@crossborderenergy.com'
<mailto:'tomb@crossborderenergy.com'> ; 'twetzel@thermoecotek.com';
'uwua@worker.com'; 'wbooth@booth-law.com'; 'whe1@pge.com'; Tapawan-Conway,
Zenaida G.; Pedersen, Susan; Malcolm, Kim
Subject: Audit Reports in A.00-11-038 et al.

 Here is the PG&E Audit, Commissioner Lynch's statement and the ruling
regarding confidentiality.

<<bwg_pge_report.pdf>> <<STATEMENT OF PUC COMMISSIONER LORETTA LYNCH
1-29.doc>> <<Ruling.DOC>>

 - bwg_pge_report.pdf
 - STATEMENT OF PUC COMMISSIONER LORETTA LYNCH 1-29.doc
 - Ruling.DOC


You my disregard my previous e-mail.   My mom did me a HUGE favour an will be
leaving work early to pick-up the boys.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com

__________________

I will need to leave the office at 1:00.  Today the kid's school is have
their fall festival.  Because of the low number of parent volunteers, the
school just called to inform me that  all kids will be dismissed at 1:00 and
must be picked up or supervised by a parent at the festival.  I spoke with
the school principal and she will hold the boys in the gymnasium until I
arrive.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


David W Delainey
11/13/2000 10:55 AM
To: dlhart1@aep.com
cc: Brian Redmond/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT@ECT
Subject: Confidential

Dwayne, in response to your request, I am providing a quick summary of our
discussion on Friday.  As I had mentioned, this is a competitive process and
time is of the essence.  If we get resolution to these points, I would be
prepared to sit down over a finite period of time (three or four days) to try
and hammer out the transaction.

Specifically:

AEP Point #2: ENA would accept a triggering event and MAC clause for the
lease.  This would under certain conditions allow AEP to purchase the leased
assets at the present value of the future lease payments plus the fair value
in year thirty of the underlying assets at an agreed upon discount rate.  The
triggering events would include bankruptcy, insolvency or Enron Corp falling
below investment grade.  An Enron Corp guarantee would be offered to secure
that covenant.  We would similarly ask for similar credit language in the
lease agreement, with an AEP parental guarantee, securing the lease
obligation from AEP.  These paragraphs would be constructed in a similar
manner to triggering events and MAC clauses in master commodity documents.

ENA would also acknowledge that it would not sell the lease or physical
assets underlying the lease to any other party but AEP.  I would anticipate
that this would be managed through a ROFR structure.  This would ensure that
AEP would have access to the assets if sold and that AEP can feel confortable
that they will be dealing with Enron for the period of the lease.

Notwithstanding above, Enron needs the flexibility to pledge or sell the AEP
lease stream in order to monetize your obligation to cash if desired.  This
makes the set-off language difficult.  With the triggering event and MAC
clause, the need for set-off to protect AEP in the event of Enron default
should not be required.

AEP Point #5:  ENA would agree to a three month non-compete which prohibits
ENA from soliciting business with the suppliers or producers connected to the
Pipeline.  This non-compete would apply to transactions over one month in
duration. This would apply to ENA only and no other Enron Corp affiliates.

AEP Point #6:  I believe that ENA has already agreed in principal to your
request under this point.

AEP Point #1:  ENA would require indemnity limitation, including
representation and warranties and basic construction, similar to our last
draft language previously provided to you.  Would also request a two year
window rather than three on environmental claims.

AEP Point #3:  ENA would counter with a $40 million break up fee if AEP does
not get requisite SEC approval by April 1, 2001.

AEP Point #4:  On HSR and FERC approvals, AEP's position as layed out in the
letter is not practical since it would be very difficult to pull out certain
pieces of the pipe from the deal and ensure that both parties get the benefit
of the bargain.  If AEP is unwilling to give an asset divestment covenant and
given AEP's limited gas infrastructure position,  ENA's position is that AEP
should take the risk that they will be able to get the approvals.

Other:  ENA will not agree as a condition to this transaction a settlement of
any FERC issues between AEP and EPMI; however, ENA would always be willing to
discuss such items in a different forum.

If you have any questions or comments do not hesitate to contact myself or
Tim Detmering.

Regards
Dave Delainey


Jeff:
Has there been any discussion on our side with who the Calculation Agent
would be?  Normally, it is one of the swap counterparties.  Is this a role
that Enron Corp. can and should perform?  With respect to the Agreement, I am
looking at a June 2nd draft and was wondering if anyone has focused on the
language in Section 2, and in particular, Section 2(c)  and Section 7.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


Attached is an article written a few years ago by a few of my colleagues on
the elements of partnership.  It is obviously consistent with our current
conversations.  Although it is a bit superficial, it does provide good
context that at some point may be worthwhile for some senior managers to
read.  Let me know what you think.

(See attached file: 15810 (pro service firms article).zip)

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+
 - 15810 (pro service firms article).zip


Attached is the TW Weekly report for March 15, 2002.

Jan Moore
X53858


CALENDAR ENTRY:	APPOINTMENT

Description:
	Julia PRC

Date:		9/12/2000
Time:		3:30 PM - 4:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Bill:  Thanks.  When will you have some time?  Maybe tomorrow after our
DeutscheBank call?  SS

	William S Bradford
	09/12/2000 07:18 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron Corp. ISDA Master Agreements

Did you ever receive a response on this?  If not, let's discuss.

Bill

From: Sara Shackleton on 08/23/2000 05:47 PM
To: William S Bradford/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT
cc:
Subject: Enron Corp. ISDA Master Agreements

All:  Before Rod became a Brit, we were working with Enron Corp. treasury to
put in place some masters in the name of ENA for the following parties:

Bear, Stearns Internaitonal Limited
Credit Agricole Indosuez
CSFB International
Lehman Brother Finance S.A.
Morgan Stanley Capital Services Inc.
Deutsche Bank

These masters will be used to for equity deals on ENE stock.  The Treasury
group has concluded together with Rex Rogers and V&E, that Enron Corp. is the
appropriate swap counterparty for these masters and NOT ENA.

Who in credit will be available to assist me in this process?  Thanks.  Sara


Jana,

Would it be possible to provide me with a list of all analysts working within
ENA (along with their current assignments)?

Thank you.

	From:  Jana Giovannini                           10/04/2000 05:47 PM

To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: Analyst request

Let me know what you think after you have contacted them so we can move
forward with placement in your group.  Thanks.

Scott Neal
10/04/2000 05:20 PM
To: Jana Giovannini/HOU/ECT@ECT
cc:
Subject: Re: Analyst request

Thank you for sending.

	From:  Jana Giovannini                           10/04/2000 03:43 PM

To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Analyst request

I received your needs request and hopefully you have seen the resumes that
were forwarded to you earlier today.  Please let me know if you did not
receive them.  Thanks.
---------------------- Forwarded by Jana Giovannini/HOU/ECT on 10/04/2000
03:41 PM ---------------------------

	From:  Ted C Bland                           10/04/2000 10:23 AM

To: Jana Giovannini/HOU/ECT@ECT
cc: Jennifer Milligan/HOU/ECT@ECT, Jeanie Slone/HOU/ECT@ECT
Subject: Analyst request

Jana - Can you help Scott out with his request.  Thanks.  Ted
---------------------- Forwarded by Ted C Bland/HOU/ECT on 10/04/2000 10:12
AM ---------------------------

Jennifer Milligan
10/04/2000 09:06 AM
To: Ted C Bland/HOU/ECT@ECT
cc: Jeanie Slone/HOU/ECT@ECT
Subject: Analyst request

Ted,

Jeanie and I met with Scott Neal (VP Gas Trading East Desk)  yesterday and he
mentioned that he needs an Analyst as soon as is possible.  Should I contact
Jana Giovannini or do you send her our request?

Thanks,
Jennifer


Pierre Philippe,

We have two options. Kevin will be interviewing in mid-December in Pittsburgh
and  he
can talk to you  you or we can invite you to Houston.

What are you interested in? A quant position or a trading job?  Our trading
desks
are looking for people with trading experience.

Vince

"Pierre-Philippe Ste-Marie" <stemarie@icubed.com> on 11/29/2000 07:36:19 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Interview with ENRON

Dear Mr. Kaminski,
?
Even though I cannot pass "official" interviews, I  would like to discuss
with ENRON. I was really impressed by your presentation  and I think I would
be a good fit for your firm.
?
I know that you?will be soon recruiting on  campus, maybe we could set up an
"informal meeting". Either give me a call at  home (412-802-6429) or send me
an email at this address. I would appreciate  though not to appear on
interview lists.
?
Pierre-Philippe  Ste-Marie
---------------------------------------------------
http://pstemarie.homestead.com


Attached is the NNG Measurement Log thru 10/19/01.  I have created another sheet in the file named NNG Measlog sort by Region.  Both sheet have the same information.  Any questions please give me a call @ 713.853.7742.

								j.  floyd


All:  Attached for the reading pleasure of the CA team is the Andersen report
- "Energy Crisis in the Western U.S." Reproduced below is a related article,
and that is followed by the text of the Andersen press release on the
report.  Ray

	NGI's Daily Gas Price Index
published : April 25, 2001
	Andersen Warns Of Increased State/Federal Tensions
	The likelihood of friction between state and federal regulators increasing
over deregulation plans if states slow or walk away from retail competition
is just one of several important implications resulting from the ongoing
shockwave that has rolled through the Western energy markets, according to a
new report issued Tuesday by Andersen.
	The report, "Energy Crisis in the Western United States: Lessons for
Navigating Regulatory and Market Minefields," was unveiled by Andersen's
North American Energy Consulting Practice at a Washington, D.C., briefing.
	David Jermain, principal with Andersen's North American Energy Consulting
Practice, noted that the report identifies eight overriding implications
emanating from the Western energy crisis. "These aspects of the California
virus will shape the longer-term operations of the Western grid, the regional
and national economy, domestic energy policy and the industry's evolution,"
he added.
	The eight implications singled out in the Andersen report are:
	Increased deregulation uncertainty and risk
	Reduced investor confidence
	Contributing factor in economic softening
	Increased pressure on the Western grid
	Unbundling failures that push companies back to portfolio strategies
	Ineffectiveness in changing siting and development restrictions
	Procurement management that alters user-utility negotiating leverage; and
	Increased emphasis on distributed generation and new technologies
	"Tensions and differences between state and federal regulators raise the
specter of repeating the regulatory and political conundrum California's
investor-owned utilities have been facing," Jermain said. If federal
initiatives open wholesale markets while retail markets remain regulated, a
crucial question emerges, namely whether state regulators will pass-through
higher wholesale costs if they should occur. "Tensions between state and
federal regulators over policies on deregulation will grow if states delay or
abandon retail competition," Jermain stated.
	As to the California situation creating increased pressure on the Western
grid, Jermain noted that "Even as capacity increases and demand reductions
work to resolve the California crisis, these solutions have long-term
implications for the Western grid." Such implications include a realistic
chance that California could become an "energy island" as a result of
near-term reduction in available regional resources for export to California,
according to the Andersen report. Also, there could be increased emphasis on
security control to protect against overall Western grid failure as
sub-regions have difficulties.
	Along with yesterday's report, Andersen also issued the results of an
Andersen survey of senior executives from 16 non-California utilities
detailing their views of the implications of the California power crisis for
their companies and the industry. The survey was conducted between February
19, 2001, and March 2, 2001, by Knowledge Systems & Research Inc. of
Syracuse.
	On the deregulation front, nearly all the executives surveyed said they
believe recent California events will slow the pace of deregulation over the
next five years for states that have not begun or finished writing
restructuring legislation. None believe that it will result in advanced
states deciding to re-regulate markets, although many states will review
their legislation to assess the risk of duplicating California's current
situation and make any changes necessary to avoid it.
	As to legislation at the federal level, the survey found that few executives
suggest that the California situation will spark national energy
policy/legislation. Other executives believe that it will be a continuing
issue but, because of state-to-state variances, Congress will be unable to
pass any comprehensive measures or force states to a restructuring timeline.
	Turning to company strategies, most of the executives surveyed do not see any
changes to their business models or strategies for generation, distribution
or supply procurement as a response to the situation in California. However,
many have, among other things, expanded their risk management programs,
reduced spot market purchases and started emphasizing long-term supply
contracts. Those executives facing price caps are rethinking their stance on
them, according to the Andersen survey.
	The full Andersen report on the Western energy crisis can be downloaded at
www.andersen.com.

ower companies and regulators must take steps to avoid spread of California
Power virus: Andersen analysis

WASHINGTON, D.C., April 24, 2001 * A &new virus spawned in California8 poses
formidable challenges requiring new strategies on the part of power
companies, regulators and policymakers to contain and reverse its damage,
according to Energy Crisis in the Western United States: Lessons for
Navigating Regulatory and Market Minefields, a new Andersen report released
today.
&The implications for the development of competitive energy markets go far
beyond the Western United States,8 Andersen,s national utility practice head
Matthew D. Smith told a Washington briefing. &Unfortunately, California has
taught the nation that regulatory and political barriers can create and
sustain an energy crisis.8

&California has demonstrated that the risks in the electricity industry, if
not properly acknowledged and managed, can simultaneously and profoundly
impact all market participants. To be effectively managed, these risks need
to be exposed, assumed or shared, measured and monitored. When they are
hidden or ignored, all parties can potentially suffer. A shared, integrated
view of these risks, and a strategy for their assumption and management, is
critical to avoiding rapid value destruction within the energy market,8 Smith
said.

An Andersen survey of senior utility executives outside California, also
released at the briefing, indicates most utility companies believe they
inoculated themselves against the California virus so that it is unlikely to
affect their operations beyond slowing the pace of deregulation and
increasing investor scrutiny. However, based on the potential implications it
sees of the California situation, Andersen believes a series of booster shots
are advisable for power companies and regulators. &To deliver reliable
service at a predictable cost in today,s environment, companies must focus on
market integration by developing new and innovative relationships between
suppliers, customers, employees and investors ) while working with government
officials and regulators to chart a smoother transition to a deregulated
power market,8 according to Smith.

Eight Implications
The Andersen report identified eight overriding implications emanating from
the Western energy crisis that are shaping the longer-term operations of the
Western grid, the regional and national economy, domestic energy policy and
the industry,s evolution:
1. Increased deregulation uncertainty and risk ) Tension and differences
between state and federal regulators raise the specter of repeating the
regulatory and political conundrum California,s investor-owned utilities have
faced. If federal initiatives open wholesale markets while retail markets
remain regulated, a crucial question is raised: Will state regulators
pass-through higher wholesale costs if they should materialize? Tensions
between state and federal regulators over policies on deregulation will grow
if states delay or abandon retail competition.
As wholesale markets are deregulated and RTOs begin operating, the prudence
principles that state regulators have used for many years may have to be
changed. For example, if FERC and RTO monitors determine that deregulated
wholesale markets operate fairly, prices derived from those markets must be
considered reasonable. If so, these costs should be allowed into
state-regulated retail rates without regard to the prudence principles state
regulators have used for years. Therefore, utilities, traditional burden of
proving costs are or are not justifiable shifts to regulators.

2. Reduced investor confidence ) Prior to deregulation, stringent prudence
review and disallowance of generation costs in the rate base made regulatory
risk largely uncontrollable, killing IOU interests in most new investment. A
major purpose of deregulation was to create an environment in which risk
could be managed, but California,s political and regulatory environment
provides only a limited ability to manage risks. The confidence and
perceptions needed to support investment decision-making will be slow to
return given the approach of the state to remedy the crisis.

3. Contributing factor in economic softening ) Uncertain energy reliability
and higher costs can drive-out marginal businesses, cause healthy companies
to constrain expansion, and lead new entrants to question whether to make new
investments. As such, an extended energy crisis contributes to inflation
pressures and may slow economic growth.

4. Increased pressure on the Western grid ) Even as capacity increases and
demand reductions work to resolve the California crisis, these solutions have
long-term implications for the Western Grid. These include a realistic
possibility of California becoming an &energy island8 as a result of
near-term reduction in available regional resources for export to California;
increased emphasis on security control to protect against overall Western
grid failure as sub-regions have problems; RTO requirements to strengthen
locally available supplies to bolster overall system reliability; longer-term
development of new plants using plentiful coal resources and clean coal
technology will alter the pattern of imports into California; and the
emergence of Mexico as a major supplier to southern California and Arizona,
contributing to a bifurcation of the Western Grid into northern and southern
markets

5. Unbundling failures that push companies back to portfolio strategies ) For
California investor-owned utilities, unbundling has achieved neither the
least-cost solution sought by regulators nor value maximization targeted by
investors. This necessitates a reevaluation of portfolio management
strategies potentially involving generation, transmission, power trading and
marketing, and retail businesses in multiple geographies serving multiple
markets.

6. Ineffectiveness in changing siting and development restrictions )
California,s retail price caps and multiple explanations for the crisis have
left accelerated siting processes and environmental standards changes open to
challenge by various interests. In addition, limiting application of new
siting orders only to small generators contributes to uncertainty and
investor hesitancy.

7. Procurement management that alters user-utility negotiating leverage )
Competitive markets compel participants ) suppliers, marketers, large
industrial buyers, etc. ) to strategically manage procurement as a critical
value-driver. Because risk is explicitly shared and always has the potential
of shifting advantage to either seller or buyer, the sophistication of
negotiations and contracts increases as competitive markets evolve.

8. Increased emphasis on distributed generation and new technologies )
California,s reliability and price challenges have triggered a re-emergence
of energy crisis measures from the 1970s. End-users are investing in
solutions they control, and the distributed generation market is being
aggressively developed among large retailers, industrial users and
residential customers. This makes possible the development of microgrids
connecting consumers in local areas and related changes in traditional grid
systems, from modifications in interconnection agreements to changing
definitions of reserve margins and system reliability.
Industry Executives, Response
Senior executives from sixteen non-California utilities with a combined
market capitalization over $120 billion and $145 billion in revenues
responded to an Andersen survey with their views of the implications of the
California power crisis for their companies and for the industry. The survey,
conducted between February 19, 2001 and March 2, 2001 by Knowledge Systems &
Research, Inc. of Syracuse, found that the companies are observing the
California situation carefully, expect a slowing ) but not a turnaround -- of
deregulation, and believe their internal plans and preparations are on-target
for the changing environment:
Deregulation - Nearly all executives believe recent California events will
slow the pace of deregulation over the next five years for states that have
not begun or finished writing restructuring legislation. None believe that it
will cause advanced states to re-regulate markets, although many states will
review their legislation to assess their risk of duplicating California,s
current situation and make any changes necessary to avoid it.
National legislation - Few executives suggest the situation will initiate
national energy policy/legislation; others believe it will be a continuing
issue but, because of state-to-state variances, Congress will be unable to
pass any comprehensive measures or force states to a restructuring timeline.
Some expect additional state-level legislation.
Company strategies - Most do not see any changes to their business models or
strategies for generation, distribution or supply procurement as a response
to the situation in California. However, many have expanded their risk
management programs, reduced spot market purchases, begun emphasizing
long-term supply contracts, planning new power generation capacity, and
started hedging with futures trades. Those facing price caps are rethinking
their stance on them
Investor scrutiny ) Many executives indicate their shareholders are aware of
the situation and investors -- particularly institutional investors -- are
more heavily scrutinizing their actions. Many say news coverage has prompted
retail, commercial and industrial customer skepticism of industry
restructuring.
Transmission deregulation - Many executives agree the California situation
will increase interest in FERC,s regional transmission organizations (RTO)
deregulation effort.
Utility Company Action Items
Both to guard against a sudden California cascade and as a potentially
powerful competitive thrust, forward-thinking utilities should bolster their
basic preparedness with a variety of tactics -- or inoculations --
specifically aimed to combat a potential California power virus, according to
Andersen partner Mark Moskovitz:
Improve procurement management and risk management capabilities - To manage
exposure to volatile supply and demand shifts, organizations must be sure
that comprehensive and clear supply procedures, controls, decision points,
risk limits and communications are in place.
Plan and design innovative rate and pricing structures ) Companies and
regulators must focus on communicating price signals that create value for
both the customer and the provider. Innovative rate and pricing structures
that more closely tie the customer,s price to the real cost of supply will
better signal the value of the service as well as providing more accurate
information upon which both end user and supplier can make decisions.
Increase emphasis on demand side management (DSM) strategies ) In addition to
new pricing strategies to help achieve and maintain supply-demand
equilibrium, companies must now focus on employing more extensive and
innovative demand side management programs. These programs may offer
significant benefits with limited risk to both the customer and energy
supplier.
Assess the supply and generation dynamics in adjacent jurisdictions )
Companies must take a broader view ) beyond typical geographic market
definitions -- of the economics of generation and related business decisions
in an increasingly volatile market in which supply will follow the best
prices.
Develop contingency plans for the continued deferral of new generation
capacity ) In the face of potential ongoing generation capacity shortages,
companies and regulators must be prepared to move with a portfolio of
strategies to meet demand, including for example DSM, flexible pricing and
distributed generation. In addition, they should explore efficiency-improving
upgrades to existing facilities and seize any opportunity to accelerate
near-term construction plans.
Proactively address potential organizational disruption ) As regulatory and
economic changes continue to churn the industry waters and companies adjust
and/or restructure, they must be highly cogniscent of, sensitive to, and
directly address employees, concerns with information about the company,s
future and theirs,.
Industry/Regulatory Lessons
There are also a number of broad primary lessons the electric power industry
-- nationally and internationally -- should take away from its first major
domestic test case in deregulation and restructuring, according to Andersen
principal David O. Jermain:
Simplify market design.
Build a continuing role for regulators.
Maintain communications with multiple constituent interests.
Prepare contingency plans for extreme stress conditions.
Couple real-time retail pricing with transparently priced wholesale
competition.
Provide special incentives for RTO investment, formation and development.
Break down regulatory and political barriers to market signals and responses.
Copies of the Energy Crisis in the Western United States: Lessons for
Navigating Regulatory and Market Minefields report can be obtained at
www.andersen.com/energyandutilities.


Vasant,

I shall E-mail you every article I get.

Vince

Vasant Shanbhogue
01/03/2001 10:17 AM
To: Sevil Yaman/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: CERA.com username and password

I have left a message for Brad Blesie in Global Risk Markets, because he used
to get constant updates from CERA and WEFA.
Vince, do you get access to CERA.com ?

Vasant

Sevil Yaman@ENRON
01/03/2001 09:25 AM
To: Vasant Shanbhogue/HOU/ECT@ECT
cc:
Subject: CERA.com username and password

Vasant,

Do you know if we have any CERA.com username and password?

Sevil,


Congratulations, Anna Mehrer from ENA, who successfully raised over $600 for
the MS Walk.  Her success results in winning the TEAM ENRON grand prize of
two round-trip tickets on Continental Airlines.  There were several TEAM
ENRON walkers that raised over $300 - many thanks for ALL of your efforts!

Preliminary numbers are showing Oregon's MS Walk raised over $400,000 to help
find a cause and cure for multiple sclerosis.  Part of that success is due to
TEAM ENRON,S effort; the Oregon MS headquarters reports these TEAM ENRON
results:

?       156 TEAM ENRON walkers registered (EBS, ENA, PGE + friends/family)
? $ 7,092 TEAM ENRON dollars turned in by 4/30/01(approximately 100 pledges
turned in)
? $ 4,525 TEAM ENRON dollars that are being matched by Enron Corp
? $    500  PGE is awarding MS Society as an Employee Volunteer Grant
? $ 2,500  Enron's Volunteer Incentive Program donation on behalf of EBS
Walkers
? $ 2,500  Enron's Volunteer Incentive Program donation on behalf of ENA
Walkers
? $15,000 Enron's Sponsorship of this Event

TOTAL TEAM ENRON RAISED TO DATE:   $32,117

These preliminary numbers should increase once all TEAM ENRON pledges have
been turned in; approximately 50 TEAM ENRON pledges are outstanding.   Please
turn in your pledges by May 25 to the MS office at the following address:

   National MS Society
   Portland Chapter
   1650 NW Naito Parkway
   Suite 190
   Portland, OR  97209
   (Phone:  503/223-9511)

If you have any questions regarding your pledges, please contact Judy Timson,
503/886-0501.

Thank you for making a difference and rising to the challenge!!!

Judy Timson
Project Manager Specialist
Enron Broadband Services
2100 SW River Parkway
Portland, Oregon 97201
Office: 503-886-0501
FAX:  503-886-0102


Tana:

The following are NOT authorized for US power:

En Vantage, Inc. - restricted by credit
Global Crossing Ltd. - restricted by credit
Thermo Ecotek Corporation - not a current CP/not FERC authorized

***********************8
I need to follow up on MRT Energy Marketing Company on Monday -- I'm not
positive that this entity is actually a division, as opposed to a subsidiary.

Leslie


Kevin wants to hold off filing this RTO pleading until after our meeting with
Kevin on Thurs. at 4:00.

	From:  Christi L Nicolay                           11/14/2000 06:29 PM

To: dwatkiss@bracepatt.com, sbuchheit@bracepatt.com, Mark
Palmer/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Donna
Fulton/Corp/Enron@ENRON, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron, asettanni@bracepatt.com
cc:

Subject: SE RTO protest w/ press info.

Dan--  Please put the attachment into filing format in order to make a filing
in each of the current RTOs this Thursday 11/16.  Then, our detailed protests
will be made on Monday 11/20, as planned.

Mark Palmer asked that you forward the Thursday filings to your press
contacts with a statement that unless properly structured, the RTO filings
could end up being "Really Terrible Options."

Also, we will decide probably Friday or Monday on whether we file this
attachment in FPL's current request for market based rates continuation,
Docket ER97-3359-003 due Monday 11/20, so please prepare that filing.

We can also file the attachment in Ameren when FERC notices Ameren's recent
request to quit MISO to join Alliance (rather than filing in Ameren Docket
No. ER00-2687 as a request for rehearing (due 12/1)).  Thanks.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 11/14/2000
05:02 PM ---------------------------

	From:  Christi L Nicolay                           11/14/2000 06:19 PM

To: Shelley Corman/ET&S/Enron@ENRON, David Fairley/HOU/ECT@ECT, Ben
Jacoby/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Mark Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Robin
Kittel/NA/Enron@Enron, Joe Connor/NA/Enron@Enron, Dan Staines/HOU/ECT@ECT,
Jeff Brown/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Hoatson/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, Kerry
Stroup/NA/Enron@Enron, Janet R Dietrich/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron
cc:

Subject: FPL and the SE RTO protests

Attached is the proposed protest that EPMI would file next Monday 11/20
against FPL in its request for continuation of market based rates for its
wholesale merchant function and affiliates.  EPMI has already filed detailed
protests (unlike the attached generic protest) against AEP, Entergy and
Southern due to problems with each utility's OASIS system.  EPMI plans to
file this generic protest in other large vertically integrated utility
requests for continuation of market based rates.  The attachment now includes
a reference to Staff's investigation that states participation in an RTO,
without the proper safeguards, including the elimination of the native load
exception, will not necessarily reduce the utilities' ability to discriminate
against third parties.  Plus, there is a reference that Staff found a
perception that the SE is the worst area for discriminatory practices.

Please let me know if you have an issue with EPMI making this filing in FPL's
proceeding.

Also, note:  EPMI plans to file this generic protest this Thursday in the
current RTO proposals -- SPP, Entergy transco, Florida RTO, Southern, Grid
south.  Then on Monday 11/20, EPMI will be filing its specific protests of
other aspects of each RTO filing.


The following expense report is ready for approval:

Employee Name: Tamara J. Black
Status last changed by: Tamara J. Black
Expense Report Name: Monthly Cellular Bill
Report Total: $100.00
Amount Due Employee: $100.00

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


---------------------- Forwarded by Andrea Ring/HOU/ECT on 09/19/2000 04:05
PM ---------------------------

	From:  Jared Kaiser                           09/13/2000 03:27 PM

To: Andrea Ring/HOU/ECT@ECT
cc:
Subject: FW: Trailor Trash

---------------------- Forwarded by Jared Kaiser/HOU/ECT on 09/13/2000 03:27
PM ---------------------------

John Griffith@ENRON
09/13/2000 09:11 AM
To: Jared Kaiser/HOU/ECT@ECT
cc:
Subject: FW: Trailor Trash

---------------------- Forwarded by John Griffith/Corp/Enron on 09/13/2000
09:55 AM ---------------------------

Mike Griffith <Griff@odessapumps.com> on 09/12/2000 03:16:09 PM
To: "RICK GRIFFITH (E-mail)" <rickegriffith@hotmail.com>, "RHONDA GRIFFITH
(E-mail)" <RNG1993@CS.COM>, "MARK MOORE (E-mail)" <MARKMOORE@DDPO.COM>, "JOHN
PAUL JOINER (E-mail)" <JPJ@SONORATX.NET>, "JOHN GRIFFITH (E-mail)"
<JOHN.GRIFFITH@ENRON.COM>, "JOHN AND ANGIE GRIFFITH (E-mail)"
<AMPAEZ@EARTHLINK.NET>, "BRIAN KNIGHTEN (E-mail)" <BRIANK@KNIGHTENINC.COM>,
"DAMON STUARD (E-mail)" <DSTUARD@COORS-OKLA.COM>, "DANA BUXTON (E-mail)"
<DBUXTON@DDPO.COM>
cc:

Subject: FW: Trailor Trash

MIKE " GRIFF " GRIFFITH
ODESSA PUMPS & EQUIPMENT ,INC.
915-333-2817
griff@odessapumps.com

-----Original Message-----
From: Clayton Frank
Sent: Tuesday, September 12, 2000 10:43 AM
To: Mike Griffith
Subject: FW: Trailor Trash

-----Original Message-----
From: Darlap1@aol.com [mailto:Darlap1@aol.com]
Sent: Monday, September 11, 2000 8:19 AM
To: Clayton Frank; jimbobhfd@hotmail.com; nsatsss@gte.net
Subject: Trailor Trash

1.  The Halloween pumpkin on your front porch has more
> teeth than your
>     spouse.
>
> 2.  You let your twelve-year-old daughter smoke at the
> dinner table in
>     front of her kids.
>
> 3.  You've been married three times and still have the
> same in-laws.
>
> 4.  You think a woman who is "out of your league"
> bowls on a different
>     night.
>
> 5.  Jack Daniel makes your list of "Most Admired
> People."
>
> 6.  You think Genitalia is an Italian airline.
>
> 7.  You wonder how service stations keep their
> restrooms so clean.
>
> 8.  Anyone in your family ever died right after
> saying, "Hey y'all,
>     watch this."
>
> 9.  Your Junior/Senior Prom had daycare.
>
> 10. You think the last words to The Star Spangled
> Banner are,
> "Gentlemen, start your engines."
>
> 11. You lit a match in the bathroom and your house
> exploded right off
>     its wheels.
>
> 12. You had to remove a toothpick for your wedding
> pictures.
>
> 13. The bluebook value of your truck goes up and down,
> depending on
> how
> much gas it has in it.
>
> 14. You have to go outside to get something out of the
> 'fridge
>
> 15. One of your kids was born on a pool table.

>
> 17. You need one more hole punched in your card to get
> a freebie at
> the
> House of Tattoos.
>
> 18. Ya can't get married to yer sweetheart 'cause
> there's a law
> against it.
>
> 19. You dated one of your parents' current spouses in
> high school.
>
> 20. You think loading the dishwasher means getting
> your wife drunk.
>
> 21. Your school fight song is "Dueling Banjos."
>
> 22. Your toilet paper has page numbers on it.
>

Darla  :-)


---------------------- Forwarded by Michael Burke/Houston/Eott on 03/16/2000
02:50 PM ---------------------------

Steve Duffy
03/16/2000 01:53 PM
To: Michael Burke/Houston/Eott@Eott
cc:

Subject: Re: Steve Todoroff--CONFIDENTIAL/SUBJECT TO ATTORNEY-CLIENT PRIVILEGE

fyi
---------------------- Forwarded by Steve Duffy/Houston/Eott on 03/16/2000
01:51 PM ---------------------------

Steve Duffy
03/16/2000 01:51 PM
To: Walt Zimmerman/Houston/Eott@Eott
cc: jdegeeter@velaw.com, dharvin@velaw.com, Dana Gibbs/Houston/Eott@Eott,
Susan Ralph/Houston/Eott@Eott, wlawler@velaw.com, mtuohey@velaw.com

Subject: Re: Steve Todoroff--CONFIDENTIAL/SUBJECT TO ATTORNEY-CLIENT
PRIVILEGE

Thanks for the update, but Steve's position is pretty pathetic. If (when) the
grand jury indicts him, he's going to have a pretty tough time with a
defamation or libel suit. I think its a deluded puff.  SWD

WALT
ZIMMERMAN
03/16/2000 01:00 PM

To: jdegeeter@velaw.com, dharvin@velaw.com
cc: Steve Duffy/Houston/Eott@Eott, Dana Gibbs/Houston/Eott@Eott, Susan
Ralph/Houston/Eott@Eott, wlawler@velaw.com, mtuohey@velaw.com

Subject: Steve Todoroff--CONFIDENTIAL/SUBJECT TO ATTORNEY-CLIENT PRIVILEGE

I wanted you to be aware of something we learned today from one of our
trading counterparties.  Dana Gibbs spoke with an individual at Koch who has
recently spoken with Todoroff.  Apparently, Todoroff is in the job market.
He has apparently indicated that he intends to sue EOTT for defamation as
soon as EOTT links his name with the NGL theft.  He also apparently told Koch
that his attorneys are "ready to go with the lawsuit" as soon as EOTT links
his name with the theft.

Todoroff's "planned lawsuit"  may just be some more yarn in this fabrication,
but it emphasizes again the need to keep this matter as confidential as
possible (at least until Todoroff is indicted).

On a side note, Todoroff has certainly developed an interesting interview
technique!  Just imagine going in for a job interview and saying, "My former
employer is alleging that a former trader stole millions of $$$.   I'm just
waiting on them to say that I'm the thief so I can sue them."  With that
story, I'm surprised employers aren't beating down his door to give him a job.


[IMAGE]

Alliance of Energy Suppliers Express-December 18, 2001

Federal Affairs

***IRS Tax Ruling Resolves Problem With Taxation of Generator  Interconnections***

A new IRS tax ruling, issued following a two- to three-year effort by EEI  and its member companies, will resolve a major problem related to the taxation  of new independent power generators or merchant plants connecting to the grid,  the Institute reported this week.  The agency's action exempts the  transfers of an independent generator's interties, used to connect their  generation facilities to a utility's grid, from the Contributions in Aid of  Construction (CIAC) tax on the connection if a long-term interconnection  agreement exists.

"We welcome the ruling made by the IRS," commented EEI President Tom  Kuhn.  "This ruling helps break down a significant barrier to providing  much needed new generation and will help to facilitate the development of a more  competitive electricity market."

EEI's Alliance of Energy Suppliers, which represents merchant generators,  worked closely with the Institute to achieve this important tax victory.   The group called it "an important step in the development of an independent  power sector."

***Institute, Alliance Ask That FERC Vacate or Stay November Orders With  New Market Power Screen, Exposure to Retroactive Refunds***

EEI and its Alliance of Energy Suppliers have requested that FERC vacate or  stay recent orders establishing a revised market power screen and a new  market-based rate tariff condition raising a significant potential for  retroactive refunds.  They asked that the Commission instead issue a single  notice of proposed rulemaking explaining the proposals and providing interested  parties a reasonable opportunity to comment upon "the critical, interrelated  issues raised on both of these proceedings."

The parties' motion was filed in response to two orders issued by FERC on  November 20.  In the first (Dockets ER96-2495 et al), the Commission  proposed to apply a new Supply Management Assessment (SMA) screen to  market-based rate tariffs as they come up for triennial review, and set out  detailed remedial measures for applicants not passing the screen.  In the  second (Docket EL01-118), FERC effectively eliminated the refund effective date  requirements with respect to specific complaints filed under section 206 of the  Federal Power Act, raising a significant potential for retroactive  refunds.

"Both proceedings involve critical issues regarding the availability of  market-based rates and the potential remedies the Commission would apply in a  market-based rate context," EEI and the Alliance underscored.  And, they  pointed out, "both proceedings introduce significant uncertainties about the  continued availability of market-based rates that are magnified when their  potential cumulative and interactive impacts are considered."

***US Appeals Court Rejects Challenges to Order 2000, Saying RTO  Participation Voluntary Utility Decision***

A federal appeals court has dismissed challenges to FERC's Order 2000 in  which petitioners asserted that the RTO initiative exceeded the regulators'  statutory authority and resulted from arbitrary and capricious action.  The  court found that the challenged requirements were voluntary, and that  petitioning utilities failed to demonstrate that they were injured by the  rule.  It accordingly dismissed the petitions for lack of  jurisdiction.

A three-judge panel of the US Court of Appeals for the DC Circuit acted  last week in a set of consolidated cases, Public Utilities District No. 1 of  Snohomish County, Washington v. FERC (No. 00-1174, et al).  EEI joined  several member companies and other parties in challenging the regulators'  action.

In raising the challenges to FERC's December 1999 RTO rule, petitioners  contended that Order 2000 not only mandated informational filings as to expected  RTO participation, but also had the effect of mandating such  participation.  In its decision, the court specified that if RTO membership  were mandatory, utilities would "suffer the immediate and concrete injury of  involuntarily having to cede their claimed statutory rights."  But if  membership was voluntary, it went on, utilities would "not be involuntarily  ceding any claimed statutory rights, but rather voluntarily waiving them."

"In view of our conclusion that Order 2000 does not mandate RTO  participation," the judicial panel concluded, "the court lacks jurisdiction to  address the utilities' challenges to the final rule."

***House Energy Subcommittee Examines Electricity Bill***

While FERC is moving ahead aggressively toward a competitive wholesale  electricity market, legislation will help the panel reach this goal faster,  Commission Chairman Pat Wood stated last week on Capitol Hill.  "The  uncertainty of the lengthy transition is harming infrastructure investment and  reliability and raising Americans' electricity bills unnecessarily," the  chairman said. "It is time to finish the job."  Mr. Wood offered his views  as he testified before the House Energy and Commerce Subcommittee on Energy and  Air Quality during legislative hearings on Chairman Joe Barton's (R-TX)  recently-introduced electricity bill (HR 3406).  The chairman intends to  proceed to markup next week.

The subcommittee heard from a range of witnesses who have previously  appeared before the panel on aspects of HR 3406.  While many cited problems  and reservations with particular aspects of the legislation, Rep. Barton  strongly encouraged them to work with panel staff to address these issues,  indicating strongly that he intended send a bill to full committee next  week.

***FERC Commissioner Says Energy Legislation Critical***

Passage of comprehensive energy legislation is critical to US economic  development, FERC Commissioner Nora Mead Brownell commented this week.   Enactment of such a bill, she emphasized, "would be the greatest economic  stimulus this country would see," creating certainty and stability in the energy  arena and leading to the release of a pent-up energy market.

While legislators are knowledgeable, Ms. Brownell observed at a National  Energy Resources Organization (NERO) luncheon, "they are not as knowledgeable as  the industry."  Accordingly, she added, "it behooves us to work together on  an energy bill."

Turning to Commission matters, Ms. Brownell said that the regulators are  committed to delivering the evolving energy industry out of "its ugly  adolescence," specifying that the agency's purpose is "to ensure a robust,  vibrant market with adequate infrastructure and technology.

WHO'S WHO

***Southern Company Generation and Energy Marketing Announces Management  Changes***

Southern Company Generation and Energy Marketing have announced a number of  management changes in response to the expanding wholesale marketing and trading  business.  The company is a business unit of Southern Company.  Paul  Bowers, president of Southern Company Generation and Energy Marketing said the  change will position the company to produce significant earnings through  wholesale activities while also efficiently meeting the needs of the  market.

Doug Jones has been named senior vice president of energy marketing, and  will continue to have the responsibility for managing the company's wholesale  marketing and trading business.  Ed Day was named vice president of  business development, and he will direct the company's expanding wholesale  marketing activities in the southeast.    Robert Moore was named  senior vice president and senior production officer for Southern Power Company,  a Southern Company subsidiary that manages the unregulated generation  fleet.

ENERGY DATA

*** Weekly Electric Output-Week Ending December 8***

Electric  output reached 66,574 GWh for the week ending December 8 with all regions of the  US experiencing a decrease in output compared to 2000.  The Pacific  Northwest region experienced the greatest decline, with a 14.9 percent decrease  from 2000 output levels.  Nationwide, there was a 10.9 percent decrease in  output compared to the same week in 2000.  Year-to-date, the Mid-Atlantic  region experienced the greatest increase in output (4.0 percent) over 2000. For  more information, email alliance@eei.org .

The Alliance  Express is a free news service sponsored by the Alliance of Energy  Suppliers.  This document can be redistributed.  Please send  questions, comments, or requests to alliance@eei.org , or telephone  202/508-5680.

 - C.DTF


FYI.
Will provide conformed copy once we receive it.
Thanks.
Gary

 http://www.ci.sf.ca.us/cityattorney/sfenergy.htm
 <<CCSF  City Attorney's Office  People v. Dynegy.url>>

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-----Original Message-----
From: 	"mhenergy" <mhenergy@yahoo.com>@ENRON
Sent:	Tuesday, October 30, 2001 10:14 AM
To:	kelley_doolan@platts.com; mhenergy@yahoo.com
Subject:	Inside FERC monthly survey reminder with Excel form attached

Hello from Inside FERC,

(Sorry for the double send.  This version has the price form attached)

Tomorrow (Wednesday) is the last business day of October, and it's the final
deadline for Inside FERC's Gas Market Report's November 2001 bidweek
spot-price survey.

Attached is an Excel workbook (IFMONTH2.XLS) to report your price data in.

Please take a moment to review the instructions at the top of the file. They
specify what kinds of deals to report and -- more importantly -- what deals
NOT to report.

Please note that a significant portion of our survey respondents are
reporting counterparties with their deals.  We want you to too. Please list
counterparties in the "comments" column. Counterparty information is held in
confidence and not shared with third parties.

Reported deals with counterparty information are treated as more reliable
than trades without.

Please make sure to add the name of a contact person for your company and a
telephone number to reach them with at the top of your price file.

When you are done, e-mail the price workbooks back to both
kelley_doolan@platts.com and MHENERGY@YAHOO.COM by 1:00 PM (Central), on
Wednesday, Oct. 31.

November monthly prices will be published on Thursday, Nov. 1.

As always, thanks for your help, and if you have any questions, please feel
free to call or e-mail me at the telephone number or address below.

Best regards, and I hope you and yours have a safe and happy Halloween,.

Kelley Doolan, chief editor
202-383-2145 kelley_doolan@platts.com

IF YOU WOULD LIKE TO BE TAKEN OFF THIS REMINDER LIST please either call me
or send an e-mail, and I will take you off right away -- KD

 - ifmonth2.xls


I am trying to put some figures together for Dave Delainey

First, does anyone know how many MW of capacity that would be available for
CA this Summer if there were limited or no restrictions on environmental
permits.  I understand (via Mary Schoen) that the regional air quality
districts have either expanded the hours (200 to 500) for small units.  Does
anyone have a good number on how many MW this allows to operate into the
market?

Also, does anyone know anything about any power plants idled (for whatever
reason) recently that could be re-started?

Thanks


Frank:
I have sent your responses to Stacy Dickson and Jeff Hodge so that they can
verify the physical questions.  With respect to question #3, I would alos
state that until the Master is executed, all of those trades will be governed
by the online GTC.  Also, to the extent that Cargill traded with Enron Canada
on a financial basis, those trades would alos be confirmed under the Master
as it is my understanding taht we do not do separate Masters with the same
counterparty for ENA and ECC.

Carol