Notice No. 01-85
March 13, 2001

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

FROM:
George Henderson, Vice President

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

The expiration date for the April 2001 options contract for Gasoline-Crack
(CGJ1) and Heating Oil-Crack (CHJ1) is Monday, March 19, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM
Usual Event Time: 6:45 PM
Announced via Fast Facts

Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(01-85)"

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


Please note c/p name change

from:	Societe Des Moteurs Electriques De Normandie
to:	Tecumseh-Europe S.A.
CPID:	83433

Joe
37302


Hey Brenda,

I was wondering if you guys went to Disney World yet.  We went and had a good
time, although it was very hot.

Let me know.


Hi,

Got your message today, thanks.  I spent my gift certificate at Urban Retreat and now I am exhausted.  Too much beauty in one day!!  Tomorrow I have to go to MDA to my onocologist.  I am doing well except for the food issues.  I have lost 17 pounds because I still have alot of nausea.  I am sure it will pass soon and all the weight will come pouring back on!!!  Hope you are doing OK and not working yourself to death.  Take care and talk to you soon.

GG

America's surefire plan to defeat the terrorists.

Take all American women who are within five years of menopause - train
us
for a few weeks, outfit us with automatic weapons, grenades, gas masks,
moisturizer with SPF15, Prozac, hormones, chocolate, and canned tuna -
drop
us (parachuted, preferably) across the landscape of Afghanistan, and let
us
do what comes naturally.

Think about it.  Our anger quotient alone, even when doing standard
stuff
like grocery shopping and paying bills, is formidable enough to make
even
armed men in turbans tremble.

We've had our children, we would gladly suffer or die to protect them
and
their future.  We'd like to get away from our husbands, if they haven't
left already.  And for those of us who are single, the prospect of
finding
a good man with whom to share life is about as likely as being struck by

lightning.  We have nothing to lose.

We've survived the water diet, the protein diet, the carbohydrate diet,
and
the grapefruit diet in gyms and saunas across America and never lost a
pound.  We can easily survive months in the hostile terrain of
Afghanistan
with no food at all!

We've spent years tracking down our husbands or lovers in bars, hardware

stores, or sporting events...finding bin Laden in some cave will be no
problem.

Uniting all the warring tribes of Afghanistan in a new government?  Oh,
please ... we've planned the seating arrangements for in-laws and
extended
families at Thanksgiving dinners for years ... we understand tribal
warfare.

Between us, we've divorced enough husbands to know every trick there is
for
how they hide, launder, or cover up bank accounts and money sources.  We

know how to find that money and we know how to seize it ... with or
without
the government's help!

Let us go and fight.  The Taliban hates women.  Imagine their terror as
we
crawl like ants with hot-flashes over their godforsaken terrain.

I'm going to write my Congresswoman.  You should, too!


Ladies and Gents,

Please see attached comments to the escrow agreement from Citibank.

Chris Booth
Enron North America
1400 Smith Street, EB3147c
Houston, Texas 77002
(713) 345-3364 - phone
(713) 646-3037 - fax
chris.booth@enron.com

 -----Original Message-----
From:  "Lawrence, Estelle A" <estelle.a.lawrence@citi.com>@ENRON
[mailto:IMCEANOTES-+22Lawrence+2C+20Estelle+20A+22+20+3Cestelle+2Ea+2Elawrence
+40citi+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 23, 2001 2:37 PM
To: Booth, Chris
Subject: Enron escrow

Chris,

I am the account manager for the Enron relationship.  I understand you would
like to establish an escrow in pretty short order.

Attached are Citibank's comments to the escrow agreement.  In order to
complete this transaction, Escrow also needs to receive the following
documents:

1) completed incumbency by all parties to the agmt;
2) Form W-9 for NorthWestern only; and
3) signed fee schedule.

Once I receive an execution copy of the agreement, I will provide you with
Citibank's wire instructions.  You have the option of including our fees
with the initial deposit or wiring our fees directly to our billing
department.  Please let me know which you prefer so that I may coordinate on
our end.

I look forward to working with you and trust that you will feel free to
contact me should you have any questions or comments.

Estelle Lawrence
Citibank Agency & Trust
111 Wall Street, 14/3
New York, NY 10005
T: 212.657.2076
F: 212.657.3862
 <<citi comments.doc>>

 - citi comments.doc


-----Original Message-----
From: 	Jamie_K_Schnorf@fpl.com@ENRON   On Behalf Of Jamie_K_Schnorf@fpl.com
Sent:	Thursday, February 14, 2002 10:27 AM
To:	Art_R_Morris@fpl.com; Spraggins, Gary; Linhart, Joe; Michael_Jessop@fpl.com; Janzen, Randy; Ronald_Scheirer@fpl.com; TransOKnoms@enogex.com
Cc:	Forbish, Sherry; Greaney, Chris
Subject:	Lamar Nominations (Feb 15)

Attached is the NNG Lamar burn schedule for February 15, 2002.  At this
time we plan on  55,000.

Thanks
(See attached file: 0202 NNG Lamar Nomination.xls)
Jamie Schnorf - FPL
561-625-7032

 - 0202 NNG Lamar Nomination.xls


Greg,

Dale Nesbitt is a consultant who develops pricing models (spot and fwd)
prices for E-commerce sites. He will be in Houston in the beginning of July.
Any interest in meeting him?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/28/2000
05:24 PM ---------------------------

VKaminski@aol.com on 06/11/2000 03:17:23 PM
To: vkamins@enron.com
cc:
Subject: Dale Nesbitt

o:   <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: Follow up

Vince:

Thanks for your help in this matter.  I dont want to be a bother to you.  I
know you are doing your best to put this together as a go between.

As you might suspect, I am in a hurry to put together the right hearing at
Enron because MarketPoint is just now being completed--U.S. and world oil
and gas and North American electricity.  We have just signed up our first
web provider (e-Acumen.com), who is preparing to vend our North American
electric generation data base over their website.  I believe we are an
integral part of their offering.  It wont be long before MarketPoint needs
the capitalization to meet our growing customer needs professionally and
quickly, particularly when we sign up one or more vertical portals to vend
or offer fundamental forward projections from our models.  I a loath to do
so without the capitalization and staffing we need.  Also, I am loath to do
so without the market reach that a partner like Enron could render instantly
available.

I also would be eager during my next trip to Houston to continue the
discussion with you regarding how MarketPoint might benefit Enron directly.
I plan to be there the last week in June.

Thanks again for all your help and support.

Dale


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		8/9/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Please note the correction in red below

Thanks

-----Original Message-----
From: Nguyen, Margie
Sent: Monday, September 17, 2001 6:22 PM
To: Abel, Chris; Araujo, Thomas; Baumbach, David; Brackett, Debbie R.; Brown, Matt A.; Giron, Darron C.; Glover, Sheila; Gossett, Jeffrey C.; Hanson, Kristen J.; Harrell, Willie; Hernandez, Nancy; Ihrig, Chad; Jacobsen, John; Keiser, Kam; Lafave, Jill; Lombardi, Kelly; Love, Phillip M.; Mao, Shari; McLaughlin Jr., Errol; Prejean, Frank; Sorenson, Jefferson D.; Sweeney, Kevin; Swinney, John; Vasan, Sue; Bowen, Bob; Brogan, Theresa T.; Chew, Carol; Cross, Richard; Dawes, Cheryl; Denny, Jennifer; Fondren, Mark; Gillis, Brian; Groves, Eric; McIntyre, Burton; Moorer, Torrey; Hunter, Larry Joe; Nicoll, Kenny; Reeves, Kathy; Stevens, Martha; Tan, Gladys; Taylor, Dimitri; Torres, Carlos; Wlodarski, Patryk; Sharma, Shifali; Hall, D. Todd; Dinh, Christine; Varma, Rajiv; Sharma, Larrissa; Wood, Shelly; Leggett, Tim; Latham, Jenny; Holt, Chris; Fortney, Bill; Nolte, Ron; Ramesh, Ganapathy; Powell, John D.; Luu, Duong; Gupta, Sanjay; Schomer, Chris; Dunsmore, Ken; Onggowidjaja, Jennifer; Sanvido, Terry; Wisemiller, Cindy; Brewer, Charles; Hsieh, Alex; Fisher, Stephen; Alexander, Kim D; Brockhan, Richard; Reed, Stuart; Salah, Mostafa; Krishnaswamy, Jayant; Ma, Felicia; Greig, Iain; Chitradurga, Sundar; Moore, Tom E.; Scales, Patrick; Eaves, Thomas; Lari, Bryan; Craig, Sally; Maloney, Kara
Cc: DL-TAGG ERMS; Leggett, Tim; Dunsmore, Ken; Greig, Iain
Subject: Curve Load with Tibco

Hi all,

There has been a problem some of us have had with a Curve Load excel file.  This curve load file was not developed by TAGG/ERMS.  Therefore,  to resolve this problem, please direct all inquiries/issues to the appropriate group(s) whom developed this file.  Please check for the following parameters in the excel file:

If the SERVICE number is 7700,  please contact:
THUNDERBALL SUPPORT PHONE 713-539-6219

If the SERVICE number is 7525, please contact:
TDS Ahmad at (713) 345-4770

NOTE:  the SERVICE number is located in cell "J5" on the "Publish" Sheet

Please contact me if you have any questions regarding this email.  Thanks.

Margie
53706


Dear MARK E TAYLOR,

An E-Quote containing computer equipment from Dell Computer
Corporation has been saved in your name at the Dell Online
Store.  The E-Quote will be held for 30 days to allow for
completion of the order.

E-Quote Information
---------------------------
E-Quote Number: E000520807
E-Quote Name: upgraded
Saved By: MARK E TAYLOR
Saved On: Thursday, December, 14, 2000
Expires On: Saturday, January, 13, 2001
I understand that E-quotes are not private and may be viewed by
others;(initial): met

Your Comments:

E-Quote Description:
2x mem 60g hd

To retrieve this E-Quote
--------------------------------
1. Log on to your Premier page for Enron clickathome
2. Click into your online store
3. Select "Retrieve E-Quote" from the top section of the page .This will
   bring you to a list of active E-quotes.
4. Select E-Quote Number E000520807

Thanks for shopping the Dell Online Store and for using our
E-Quote service.  We hope you find it useful in making your
purchase and will continue to think of Dell.com for all of
your computing needs.

Sincerely,
Dell Online Sales


Christi, please provide me with a timeline of when you expect to be filing
protests against each utility.  As well, please ensure that both Kevin and I
sign off on the filing before it goes out.

Regards

---------------------- Forwarded by David W Delainey/HOU/ECT on 11/08/2000
11:51 AM ---------------------------

	From:  Christi L Nicolay                           11/08/2000 09:58 AM

To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Edward D
Baughman/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT,
Ozzie Pagan/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Bruce
Sukaly/Corp/Enron@Enron, Doug Gilbert-Smith/Corp/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Jeff Brown/NA/Enron@Enron, Janine
Migden/NA/Enron@Enron, David Fairley/HOU/ECT@ECT, Kerry
Stroup/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Susan M
Landwehr/NA/Enron@Enron, Joe Connor/NA/Enron@Enron, Steve
Montovano/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Ron
McNamara/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Daniel
Allegretti/HOU/EES@EES, Howard Fromer/NA/Enron@Enron, Dennis
Benevides/HOU/EES@EES, Aleck Dadson/TOR/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Tom May/Corp/Enron@Enron
cc:
Subject: Protests of utility market-based rates

Summary of emails detailed below:

Dave Delainey and Kevin Presto have authorized Enron protests of utilities
seeking to renew their market based rates for power sales.  Enron has already
filed detailed protests against AEP, Entergy, and Southern Energy Marketing.
We also plan to file a detailed protest of Hydro Quebec.

Protests of the following utilities will be very short (shown below) stating
that FERC should condition the continuation of market based rates upon the
utility joining a valid fully functioning RTO. ((Ameren, FP&L, LGE/KU,
Cinergy, TXU, VEPCO, and Duke).  Protests will be due over the next few
months.

Please let me know if you want to receive copies of the protests or drafts.
CN

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 11/08/2000
08:31 AM ---------------------------

Christi L Nicolay
11/08/2000 08:45 AM
To: "Susan Buchheit" <sbuchheit@bracepatt.com> @ ENRON
cc: <snovose@enron.com>@ENRON, James D Steffes/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Donna Fulton/Corp/Enron@ENRON,
npickover@bracepatt.com, dwatkiss@bracepatt.com, Richard
Shapiro/NA/Enron@Enron

Subject: Re: market-based rate

Kevin said this looks good w/ these changes:

2nd para;  "Commission an (NOT AND) Open-Access Transmission Tariff"
and last para:  Add after December 15, 2001 deadline  "or if a transmission
owner does not join a fully functioning RTO that meets all of the
Commission's requirements"

This needs to get filed today, if possible, as a request for rehearing in
Ameren Docket ER00-2687-001.  Note:  There were no interventions or protests
in this docket and FERC issued a letter order accepting the filing on Nov.
2.  What is odd and should be pointed out for why we are intervening at this
time is that there may have been a problem with when or how the notice was
issued.  Neither Nancy P. or our paralegal Jan saw this notice.  I found it
after the intervention date.  It is certainly odd that there were no
interventions in this at all.  One concern for Dan/Joe/Jim:  Since this is
going in as a late intervention and request for rehearing, what is the
likelihood of the Commission tossing the whole idea out quickly because of
the late intervention, which may hurt our overall cause.

Next, this is the list of those utilities that we plan to file this pleading
in (We are not protesting Xcel/NSP/Pub Serv of Co):

FP&L MAYBE Docket No. 97-3359-003 Protests due 11/20
Cinergy (due in Jan)
TXU (due in Jan)
VEPCO (due next Aug)
Duke (due next Dec)
LGE/KU (due next March)

NOTE:  Kevin wants to do a full blown assessment  against HQ , which is due
sometime this Nov.  Please keep all eyes out. for the HQ filing.

THANK YOU.

"Susan Buchheit" <sbuchheit@bracepatt.com> on 11/07/2000 03:35:33 PM
To: <christi.l.nicolay@enron.com>, <snovose@enron.com>
cc:

Subject: market-based rate

Attached are Dan's comments regarding market-based rates.

 - 0133731.01


Sean Crandall said the price on this is correct (241), but he thought the
deal was supposed to run through the end of the month. He was just walking
into a meeting with Tim Belden while I was trying to figure this out with
him, and he asked that I not change anything until he gets out and can look
at it more closely. A price of $141 is awfully low for a peak deal flowing at
Mid-C tomorrow - actually lower than the off-peak prices - so it sounds a
little suspicious. I'll let you know when he gets out of the meeting.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/13/2001 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes

   Kate Symes @ ECT                03/13/2001 05:02 PM

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

Subject: Re: 3/13 Checkout

549052 - del. point is already in as Mid-C, so just the price is wrong?

Evelyn Metoyer@ENRON
03/13/2001 03:06 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

SORRY I gave you the incorrect deal number for this error.  Should be deal
549052.

original error:
Diana Scholtes
deal 549053    549052
Prebon shows price as $141 and delivery pt as Mid-C

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

S

   Kate Symes @ ECT                03/13/2001 04:39 PM

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

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

Jeff Richter
549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be
Prebon?)

Chris Mallory - just entered Williams deal

Evelyn Metoyer@ENRON
03/13/2001 02:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

Sean Crandall
deal 549048
Prebon shows del. point as NP-15

Diana Scholtes
deal 549053
Prebon shows price as $141 and delivery pt as Mid-C

Jeff Richter
deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG
All deals checked out fine.


Sorry I didn't come up with more concrete examples.  I'm really concerned
about my dad, although I try to deny it.

I still think that we should insulate ENA on the next deal.

Kay

From: Carlos Sole on 03/19/2001 05:15 PM
To: Stephen Thome/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT
cc: kay.mann@enron.com

Subject: Salmon Energy Post-Closing Risks Justifying Guaranty

Steve, per our phone conversation, the following are examples of post-closing
risks that justify Delta's provision of a Parent Guaranty:

- Delta Affiliate issues a $5 million Change Order to GE, but doesn't have
the money to pay for it; Enron decides to pay for that change order in order
to maintain our relationship with GE and then Enron's recourse is limited to
the Delta Affiliate that defaulted on the GE Change Order payment in the
first place

- Delta Affiliate stops paying for the Insurance that the LLC must have;
Enron decides to make the Insurance payments and then must recover the costs
from the Delta Affiliate

- Despite its representations, Delta Affiliate has incurred a brokerage fee,
defaults in that payment, Enron covers it and then must recover from Delta
Affiliate

- Delta Affiliate incurs some third party personal injury liability and Enron
becomes liable for it, and can seek recovery from the Delta Affiliate

- Delta Affiliate breaches the agreement and Enron seeks damages which are
limited to what it can recover only from the Delta Affiliate

As a compromise, there could be a monetary cap on the guaranty that it be
tied to the Transaction Value (ie $68 million)


SENT ON BEHALF OF TERRIE JAMES.

Kathy McMahon
Enron Broadband Services
Public Relations
713-853-6232

----- Forwarded by Kathy McMahon/Enron Communications on 12/06/00 10:08 AM
-----

	Terrie James
	12/06/00 05:08 AM

		 To: Steve Kean
		 cc: Kathy McMahon, Marge Nadasky
		 Subject: Gary Hamel's slide set

Steve,

I apologize for the delay.  We just got the presentation.  Hope it helps.

Terrie James
Sr. Director, Corporate Communication
Enron Broadband Services
713-853-7727 (phone)
713-646-8887 (fax)
terrie_james@enron.net
----- Forwarded by Terrie James/Enron Communications on 12/06/00 05:05 AM
-----

	greim@strategos.com
	12/05/00 01:43 PM

		 To: Terrie James/Enron Communications@Enron Communications
		 cc:
		 Subject: Gary Hamel's slide set

Hello Terrie,

I understand you were hoping to get a copy of Gary Hamel's Powerpoint slide
presentation.  It is attached.

Our apologies that it took so long!

Best to you,
Grace
650.851.2095


----- Forwarded by Tana Jones/HOU/ECT on 04/20/2001 03:59 PM -----

	Walter Guidroz/ENRON@enronXgate
	04/20/2001 03:55 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global CounterParty/LON/ECT@ECT, Stephanie Sever/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Claudia Clark/ENRON@enronXgate, William S
Bradford/ENRON@enronXgate, Lisa Lees/ENRON@enronXgate, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen ODay/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ECT, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications, Stephanie Panus/NA/Enron@Enron, Teresa
Mandola/ENRON@enronXgate, Bill Kyle/ENRON@enronXgate
		 cc:
		 Subject: EOL approvals, 04-20-01

Please see attached.


SBX 28 (Sher), related to expedited siting, passed out of both houses
today and was sent to Governor Davis.  The bill was amended to remove
the unemployment provisions which the Chamber and Manufacturers objected
to.  Some of the key provisions of the bill are as follows:

Expedites various CEC procedures for siting power plants;

Limits to 45 days and 100 days, until January 1, 2004, a local
jurisdiction's time for initial review and final review, respectively,
of an application submitted to the CEC;

Requires CEC to certify repowering projects within 180 days;

Extends from August 1, 2001 to December 31, 2002, the date by which
temporary "peaker" power plants must be in
service so as to qualify for the four-month siting process.

Requires ARB to develop expedited programs for retrofitting and
identifying and banking of emission credits;

Requires air districts to adopt an expedited program for permitting of
standby or distributed generation facilities and natural gas
transmission facilities;

Authorizes payment to air districts of mitigation fees for a new power
plant in lieu of obtaining actual emissions offsets, when the owner or
operator of the plant has shown that offsets are not available;

Waives conditionally, for a period of 10 years, standby charges imposed
by electrical corporations on customers who have installed non-gas-fired
distributed generation equipment five megawatts or smaller that commence
operation by September 1, 2002.  Provides that the waiver for gas-fired
units shall only apply until June 1, 2006.

Permits a gas corporation, until June 1, 2002, to exercise the power of
eminent domain to condemn any property for the purpose of competing with
another entity  in the offering of natural gas and services related to
natural gas.  Additionally, until June 1, 2002, prohibits CPUC from
making a finding on a petition or complaint  filed pursuant to Section
625 of the Public Utilities Code, and requires CPUC to dismiss the
petition or complaint.

http://info.sen.ca.gov/pub/bill/sen/sb_0001-0050/sbx1_28_bill_20010423_amended
_asm.pdf


The ICAP Working Group under the New York State Reliability Council
("NYSRC") is posting this message to inform all interested parties of the
ability to attend in person or participate, on a "listen-only" basis, in
the NYSRC ICAP Working Group's Meeting No. 16 scheduled for October 17,
2001, starting at 9:30A.M. at the ISO's Washington Avenue extension.
Attached in Word format is the Agenda for this meeting.   The NYSRC has
opened its Committee, Subcommittee, and Working Group meetings in
accordance with NYSRC Policy No. 2,
http://www.nysrc.org/tcweb/pdf/Policy%202-3%20Final.pdf.

Those who plan on attending the meeting in person are requested to contact
me at least seven (3) days in advance of the meeting (by at least October
14th) by sending me an email at mhogan@cenhud.com, with the names of the
individuals & organizations attending.  Meeting space will be available on
a first-come, first-served basis due to the space limitations of the
conference rooms.

Those wishing to participate on a "listen-only" basis can call
608-250-9675, and enter Participant Code 379864.  Participants will be
required to place their telephones on mute so as not to prevent other
parties from participating.  Those who plan on listening to the meeting
shall send an email to my attention at mhogan@cenhud.com with the names of
the individuals & organizations participating.

Attendees who are not NYSRC Executive Committee Members or Alternate
Members will be given an opportunity to comment at the end of the Open
Session of each meeting, or earlier at the Chairman's invitation.

Should you have any questions, please contact me by email at
mhogan@cenhud.com or by phone at (845) 486-5213.

Michael P. Hogan
Secretary, NYSRC ICAP WG

Agenda:        (See attached file: NYSRC ICAP WG Agenda Mtg16.doc)(See
attached file: NYSRC ICAP WG Agenda Mtg16.doc)
 - NYSRC ICAP WG Agenda Mtg16.doc


I have put the executed doc in the mail.  Mark


Yeah - are you still going on vacation?

Stacey

 -----Original Message-----
From: 	Albrecht, Kristin
Sent:	Monday, October 29, 2001 12:49 PM
To:	White, Stacey W.
Subject:	FW: Any definative decisions on the London doorstep?

I assume you've heard.

 -----Original Message-----
From: 	Wilson, Shona
Sent:	Monday, October 29, 2001 12:48 PM
To:	Albrecht, Kristin
Subject:	RE: Any definative decisions on the London doorstep?

Dear Kristin

I think it is safe for you to go ahead and cancel your tickets for the upcoming trip.  I believe it will be moved to Q1.

Regards

 -----Original Message-----
From: 	Albrecht, Kristin
Sent:	Monday, October 29, 2001 12:46 PM
To:	Wilson, Shona
Subject:	Any definative decisions on the London doorstep?


We are getting close on this one relating to the Blue Dog turbines.  I'm
reviewing these drafts in detail, and expect that there will be another
turn.  Just wanted to give you a heads up.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/12/2001 03:00
PM ---------------------------

"Reuter, Marisa" <MReuter@KSLAW.com> on 04/11/2001 08:27:55 PM
To: "'JeremiahDeberry@paulhastings.com'" <JeremiahDeberry@paulhastings.com>,
"'Michael.Young@northwestern.com'" <Michael.Young@northwestern.com>,
"'MargueriteKahn@paulhastings.com'" <MargueriteKahn@paulhastings.com>
cc: "'Chris.Booth@enron.com'" <Chris.Booth@enron.com>,
"'Ben.Jacoby@enron.com'" <Ben.Jacoby@enron.com>, "'Kay.Mann@enron.com'"
<Kay.Mann@enron.com>, "Keffer, John" <JKeffer@KSLAW.com>

Subject: ENA/NorthWestern: Revised Letter Agreement and Exhibits

I am attaching for your review marked and clean copies of the following
documents:

1. Letter Agreement between Enron North America Corp. and NorthWestern
Generation I, LLC;
2. ENA Promissory Note (Exhibit A);
3. First Amended and Restated LLC Agreement (Exhibit C);
4. Escrow Agreement (Exhibit F); and
5. ENA Guaranty (Exhibit G).

In addition, I am attaching a preliminary draft of Enron's form of
Assignment and Assumption Agreement (Exhibit B) with the caveat that the
document remains subject to changes pending further review by Enron.  Please
note that I am not attaching (1) a copy of the GE Guaranty (Exhibit E)
because we are satisfied with Paul Hasting's draft of this document and (2)
the LLC Promissory Note (Exhibit D) because Marguerite will circulate this
document as soon as she is done preparing it.

Don't hesitate to contact me if you have any questions.

Best regards,

Marisa Reuter
King & Spalding
1100 Louisiana, Suite 3300
713-751-3244 (tel)
713-276-7440 (fax)

 <<LetterAgreement.DOC>>  <<MarkedLetterAgreement.DOC>>  <<ENANote.DOC>>
<<MarkedENANote.DOC>>  <<LLCAgmt.DOC>>  <<MarkedLLCAgmt.DOC>>
<<EscrowAgmt.DOC>>  <<MarkedEscrowAgmt.DOC>>  <<ENAGuaranty.DOC>>
<<MarkedENAGuaranty.DOC>>  <<Assignment&AssumptionAgmt.DOC>>

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - LetterAgreement.DOC
 - MarkedLetterAgreement.DOC
 - ENANote.DOC
 - MarkedENANote.DOC
 - LLCAgmt.DOC
 - MarkedLLCAgmt.DOC
 - EscrowAgmt.DOC
 - MarkedEscrowAgmt.DOC
 - ENAGuaranty.DOC
 - MarkedENAGuaranty.DOC
 - Assignment&AssumptionAgmt.DOC


Hey:
My office number is 713-853-7998.  Lets try and go to lunch this week.  Talk
to you soon.
Ben


FYI - The Risk team will not be in the office on Friday.  Pat is evaluating
the situation currently, and will decide later this week.  Let me know if you
have any questions or concerns.
---------------------- Forwarded by Brenda F Herod/HOU/ECT on 04/17/2000
01:48 PM ---------------------------

	Enron North America Corp.

	From:  Michael E Moscoso                           04/17/2000 11:12 AM

To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ted Murphy/HOU/ECT@ECT, Rick
Buy/HOU/ECT@ECT, Wanda Curry/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Cliff Baxter/HOU/ECT@ECT, John
J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Jim
Fallon/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, John Sherriff/LON/ECT@ECT,
Mary Thambiah/LON/ECT@ECT, Barry Pearce/LON/ECT@ECT, Hugo
Moreira/LON/ECT@ECT, Faith Killen/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kristin
Albrecht/HOU/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Mark Fondren/HOU/ECT@ECT,
Kevin Sweeney/HOU/ECT@ECT, Sheila Glover/HOU/ECT@ECT, Clara
Carrington/HOU/ECT@ECT, Theresa T Brogan/HOU/ECT@ECT, Scott
Mills/HOU/ECT@ECT, Scott Pleus/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, David
Maxwell/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Steve Ross/HOU/ECT@ECT, Stacey
W White/HOU/ECT@ECT, Martha Stevens/HOU/ECT@ECT, Kenneth Lee/HOU/EES@EES,
Jill Erwin/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Rudi Zipter/HOU/ECT@ECT,
Bjorn Hagelmann/HOU/ECT@ECT, Christian LeBroc/Corp/Enron@ENRON, Samantha T
Davidson/HOU/ECT@ECT, Frank Hayden/Corp/Enron@Enron, Nicholas J
Stephan/HOU/ECT@ECT, Mark Frank/HOU/ECT@ECT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mason Hamlin/HOU/ECT@ECT, Richard
Causey/Corp/Enron@ENRON, Jerald Surface/HOU/EES@EES, C Kyle
Griffin/HOU/EES@EES
cc: Sally Beck/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Michael
Benien/Corp/Enron@ENRON, Gary Stadler/HOU/ECT@ECT, Daniel
Falcone/Corp/Enron@ENRON, Eugenio Perez/HOU/ECT@ECT, Jennifer
Nguyen/Corp/Enron@ENRON
Subject: Good Friday

On Friday, April 21, 2000, the NYMEX and equity markets will be closed.  As a
result, there will not be a Daily Position Report issued for this date.  The
London office will be closed on Friday, April 21 and the following Monday,
April 24.   Due to the fact that most risk groups are not planning on being
in the office on Friday, the DPR for Thursday's business will be prepared and
issued on Monday, April 24.

Please contact me at extension 35242 or Chris Abel at extension 33102 if you
have any questions or comments.


Start Date: 4/22/01; HourAhead hour: 20;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

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Your HR Generalist will be contacting you in the next few days to strategize with you regarding the status of contractors in your group that have worked nine or more months at Enron.     Our goal is to limit possible liability that may exist within your group.   Please let us know what times would be best for you to meet with us and we will schedule accordingly.

Hector G. McLoughlin, PHR
Human Resources
Enron Net Works
Office: 713-853-6703
Cell: 713-854-0839


I've reviewed the attachment that I previously forwarded to you with Gary
Fergus.  Basically, the CalPX "converted" any unsigned performance bond into
"additional collateral requirements" for both CORE and CTS markets [this
relates to the letters received by EPMI, EES, and PGE today regarding
unsigned indemnity agreements; please let me know if you did need a copy of
them].

Questions are (1) do they have a right to do this although it is not under
the tariff and (2) I thought Enron was already obligated under the CTS bond
requirements via the "rider" to Enron's existing surety bond w/AIG that was
handled in 1999 supporting CTS activity?  Richard, didn't they verbally
communicate that to you when you visited them last week as well?

With respect to the letters received by all 3 Enron entities:
EPMI received (2) letters from the CalPX - one for the CORE and one for the
CTS market.  However, EPMI did not receive a margin call today (as indicated
in the letter that the PX would do) for any deficit...based on the attachment
below, EPMI has a deficit in the CORE market of ($32.2MM).
EES received (1) letter from the CalPX pertaining to the CORE market.  EES
also received a VERBAL margin call today i/a/o $18MM.  EES has current
collateral in the form of a $2MM letter of credit (which was originally
posted to the CalPX in order to establish EES as a market participant so that
EES could use the PX for market viewing purposes).  Since EES has been an
inactive PX participant and I did not see how EES could get a margin call
based on the definition of charge-backs, I called Chris Anderson at the PX to
get an explanation.  Chris Anderson indicated that yes, although EES has
never been active, Lynn Miller (CalPX CFO) is taking all steps to send out
letters to any and all participants who have not signed the indemnity
agreement and following through with any necessary margin calls.  The $18MM
margin call is per Chris Anderson "a formality measure" although he did not
figure that EES would post $18MM collateral.  He also stated that he did not
see EES getting an invoice in the future or being paid anything in the future
given its inactive status.  I expressed my concern that the PX would
potential draw down on the existing $2MM letter of credit if EES did not post
the $18MM margin.  He said that the PX would only draw down on the L/C if
"EES did not pay an invoice from the CalPX."  So, unless something new arises
out of the tariff [such as a revision in the definition of charge-backs], I
do not foresee EES receiving an invoice in the future from the CalPX but you
never know.  IT IS STILL A MARGIN CALL for $18MM.
PGE also received (1) letter from the CalPX pertaining to the CORE market.
However, PGE did not receive a margin call today (as indicated in the letter
that the PX could do).  I spoke with Tyesha Woods, credit mgr at PGE,
regarding the letter and its current collateral position with the CalPX.
Tyesha Woods indicated that during her last conversation with the CalPX,
since PGE was due money for power deliveries, the CalPX should "net" any
required collateral from PGE from its expected receivables.  The PX at that
time agreed to use the as an offset.

Tracy

---------------------- Forwarded by Tracy Ngo/PDX/ECT on 02/05/2001 07:40 PM
---------------------------

Tracy Ngo
02/05/2001 06:45 PM
To: gfergus@brobeck.com, Richard B Sanders/HOU/ECT@ECT
cc: William S Bradford/HOU/ECT@ECT

Subject: Enron Credit Exposure

Gary/Richard,

FYI, I'm forwarding an email from Chris Anderson at the California Power
Exchange re. our current CORE and CTS market expsosure.  I haven't reviewed
this entirely yet, but will do so shortly.  Please call to discuss should you
have any questions.

Regards,
Tracy
503-464-8755

---------------------- Forwarded by Tracy Ngo/PDX/ECT on 02/05/2001 06:47 PM
---------------------------

<Chris_A_Anderson@calpx.com> on 02/05/2001 06:35:31 PM
To: tracy.ngo@enron.com
cc: bwhitwell@we-law.com, Lisa_G_Urick@calpx.com

Subject: Enron Credit Exposure

Tracy,

Per your request, here is a worksheet summarizing EPMI's margin requirement
and
collateral deposit since last Thursday.

Regards,

Chris Anderson
626-537-3377

(See attached file: Enron -  credit explosure .xls)

 - Enron -  credit explosure .xls


Carrie -

Attached is a final version of the NomLogic Annex.  I made the change that
you requested to the prior version.

Please let me know if there is anything further that you should need.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/06/2001
02:29 PM ---------------------------

Rakesh Bharati@ENRON
02/06/2001 02:11 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Raptors

Vince,

Here is the spreadsheet.  Please let me know if you have questions. Thanks.


Maybe we should knock down the walls of those cavernous offices on the top
floor.

Mark Frevert@ENRON
07/24/2000 06:17 AM
To: Steven J Kean/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Mark Koenig/Corp/Enron@ENRON
cc:
Subject: Canary Wharf - Update for Executive Committee

Just a quick update on our real estate escapades. Regards . Mark
---------------------- Forwarded by Mark Frevert/NA/Enron on 07/24/2000 06:09
AM ---------------------------

Fernley Dyson@ECT
07/24/2000 05:33 AM
To: John Sherriff/LON/ECT@ECT, Mark Frevert/NA/Enron@Enron
cc: Jackie Gentle/LON/ECT@ECT, Jon Chapman/LON/ECT@ECT

Subject: Canary Wharf - Update for Executive Committee

John - as requested. You may wish to 'top and tail' this.

Enron continues to expand aggressively in Europe.  Forty Grosvenor Place, our
European Headquarters, continues to accommodate this expansion, but the long
lead times involved in obtaining premises in London require us to evaluate
the future accommodation requirements of the business now.

We are considering a number of scenarios, and have reviewed all currently
available sites within a 25 mile radius of Central London. Ideally we would
be looking to accommodate all Enron employees in one building, and we require
significant swing capacity to expand or contract the space available
depending on our business requirements.

One of the options currently available is a site being developed by Canary
Wharf in London's Docklands. We have been looking to secure an option on this
site so that we may properly evaluate the opportunity and consult with our
employees.

On Friday 21 July we agreed non-binding Heads of Terms with Canary Wharf for
the letting of 1.5m sq. ft. This was a prerequisite to obtaining exclusivity
whereby we have until 30 September to negotiate contractual terms or walk
away from the deal.

We will continue to evaluate other options, and there is clearly no
commitment to conclude a deal with Canary Wharf.

An announcement was made to employees at the all staff update last Thursday
(attached).

Media speculation has forced Canary Wharf to issue a London Stock Exchange
Announcement confirming that we have agreed outline terms on a potential
letting and that discussions continue.

---------------------- Forwarded by Fernley Dyson/LON/ECT on 24/07/2000 10:41
---------------------------

	Enron Information Technology

	From:  Enron Europe General Announcement                           21/07/2000
15:22

Please respond to Jackie Gentle/LON/ECT
To: ECT London
cc:

Subject: Newsletter: EuroFlash!!

Yesterday morning during the all-employee staff update, Fernley Dyson, on
behalf of John Sherriff, provided staff with an update on the impact Enron,s
rapid growth in Europe is having on our overall space needs at Enron House.
It was acknowledged that this is an important subject and one about which
many employees have a lot of questions.

The message was clear.  In the day to day decision-making process about Enron,
s commercial activities, it is critical to understand what options are
available and to keep as many avenues open as possible.  In turn, it is
equally important to take this same approach when looking at Enron,s future
office space requirements.

What is the bottom line?

Looking to the future, the preference would be for all London-based employees
to be housed in a single location.

One of the options under consideration is Canary Wharf, but we must stress
that no decision has been taken at this time.

We are currently evaluating all the options available to us in the London
property market.

If we are to move to a new building, it will not occur before 2003.

We will be seeking input and feedback from employees as part of the
decision-making process.

We are committed to keeping the channels of communication open and to provide
information to employees on a timely basis.


Please review the revised attached press release, which we would like to send out as soon as possible.  Please call Steve Kean, Mark Palmer or me with your comments.

Thank you.
Karen
x39757

 -   JMstrong21.doc


Kent,
     If we do so, I would assume that the reasoning is based as much on pricing as it is on volumetrics.  What are Jo and Larry's views on the market at this point?

Dan

 -----Original Message-----
From: 	Miller, Kent
Sent:	Thursday, September 20, 2001 10:26 AM
To:	Horton, Stanley; McCarty, Danny
Cc:	Hayslett, Rod; Miller, Mary Kay; Neubauer, Dave; Fossum, Drew; Peters, Jerry
Subject:	October Operational Storage Purchase

Stan and Dan,

We are currently looking at our October storage plan and are recommending that we purchase 0.5 Bcf of operational storage for October. We need to begin doing the deals beginning Monday to get the gas in place for the month.

Our projected operational storage balance at the end of September is approx. 11.8 Bcf.  The recommended levels for October that were discussed with the customers in the SLA proceeding was a low of 8 Bcf and a high of 12 Bcf.  We feel that it would be prudent to be at or slightly above the high side of the range.  Both Mary Kay and Dave agree that a 0.5 Bcf purchase would match the strategy that has been discussed with customers in the SLA proceedings.  I have spoken with Jerry Peters and he feels that we have the necessary RAC approval based on last months approval process.

Operationally, 0.5 Bcf fits well with our physical plan also.  This leaves some room for potential long gas in Oct/Nov that would not compromise the integrity of the fields.

If you have any questions, please give me a call at x7417.

Thanks,  Kent


Jon,

I have put the data in both raw format and pivot table format.  Sorry about how late this is.  Any questions just let me know.  How is the map comming? Have you had a chance to sit down with the schedulers yet?

Adam


Kate,

If you would you, please start to draft a letter to the vendors for the
solicitation of the raffle gifts?  We will probably need two letters, one to
thank the vendor for their participation last year (I have the list of
donated items) and another for new vendors that we will be soliciting.

Here are a few points we need to make:

Thanks for particpating last year
Name the charity(s), a worthy cause type thing
State they are a current vendor in our system
The vendor name will be announced at the party, good advertising
Attach the article from last year

There may be more, but that is what comes to mind right now.  Since we will
be using the merge feature we can insert the name of the vendor in the body
of the letter.

Thanks!

Mollie


Hey!!  Where are you?  I'm about to go get my Dad a chocolate malt.  Today is
his long day at the hospital.  He's probably still there.


You have received this message because someone has attempted to send you an e-mail from outside of Enron with an attachment type that Enron does not allow into our messaging environment. Your e-mail has been quarantined and is being held at the MailSweeper server.

Sender:  owner-el00-95@listserv.gsa.gov
Date:  Tue, 20 Nov 2001 18:21:30 -0500
Subject:  Competitive Supplier Group Response to Data Requests of California Parties Email 7 of 8
Attachment Type: Scenarios/Incoming/Inbound CMD Catcher: A filename matching the file mask was detected: 'ucei1.cmd'.

If the intended email is of valid business-related content and you believe it requires Enron resources to retrieve it, you may call your Help Desk and ask to have it released from quarantine and delivered to your e-mail Inbox. Your message will be scanned and checked for viruses prior to requested release.  If it contains a virus or there is reason to suspect it is malicious code, it will not be delivered.

North American Resolution Center: 713 853 1411
European Resolution Center: 0044 207 78 36777
EES Help Desk: 888 853 9797
ETS Solution Center: 713 345 4745 (Houston) or 402 398 7454 (Omaha)

Please DO NOT reply to this address as it is not a monitored system mailbox.


Ken Lay will not be able to attend.

Rosalee

Paulette.Brunson@bakerbotts.com on 03/12/2001 10:41:33 AM
To: Paulette.Brunson@bakerbotts.com
cc:
Subject: Breakfast Seminar - March 29, 2001

Baker Botts L.L.P. is pleased to invite you to a complimentary breakfast
seminar.

Addressing Emerging Technologies and the Energy Industry

Featured Speaker:

 Dr. Stanley L. Kroder, President and COO of Hilliard Consulting
Group, Inc.

Issues to be covered:

  *  The Future of the Internet
  *  Telecommunications Challenges
  *  Future Technologies
  *  The Energy Industry and New Technologies

Thursday, March 29, 2001

7:00 a.m. - 7:30 a.m. Registration and Continental Breakfast
7:30 a.m. - 9:00 a.m. Seminar

The Houstonian Hotel
111 North Post Oak Lane
Houston, Texas 77024

This seminar is a collaborative effort of Baker Botts L.L.P., Fulbright &
Jaworski L.L.P. and Haynes and Boone, LLP.

Please RSVP by March 26, 2001 to Paulette Brunson @ 713.229.1190 or
paulette.brunson@bakerbotts.com


Today, Enron hosted a conference call to give investors a current overview of the company. Here's an update of what we discussed during the call.

We told investors that we're doing everything we can to protect their interests and to regain their confidence. Our focus remains on our credit quality, balance sheet and liquidity, which are essential for our continued success and expansion of our wholesale businesses.

It took more than a few weeks to get where we are today. Here's a snapshot of significant events that led to our current situation:

-- In hindsight, we definitely made some very bad investments in our non-core businesses over the past several years. Those include investments in Azurix, India and Brazil. They have performed far worse that we could have ever imagined when we made these investments;

-- Because of these bad investments, we've become over-leveraged as a company. The negative impact of those investments was exacerbated through the extensive use of debt capital both on and off our balance sheet;

-- We also entered into related party transactions that led to a loss of investor confidence, which has been very damaging;

-- We've been criticized for our lack of transparency and our hard-to-understand financial and operating disclosures; and

-- On top of it all, we discovered errors in our financial statements, as discussed in our 8-K filing last week, that required a restatement of previously reported earnings.

We've taken a new look at our businesses and have separated them into three areas: core businesses, non-core businesses, and businesses under review.

Core Businesses

Our core businesses remain strong and consistent sources of significant earnings and cash flows for the company. They're our competitive advantage. These include:

-- Natural gas pipeline businesses;

-- Gas and power businesses in North America and Europe;

-- Retail businesses in North America and Europe; and

-- Coal businesses in North America and Europe.

The events of the past few weeks have had a temporary negative impact on our projected fourth quarter profitability. It's too early to tell at this time what impact this might have on our operating results. We are considering these actions now so that we can quickly return to normal business in 2002.

I also remain optimistic that the actions we've taken over the past couple of weeks have addressed our customer and counterparty credit and liquidity concerns. According to our business unit leaders, we have definitely seen improvement in our counterparty relationships.

Non-Core Businesses

Our non-core businesses include our global assets group and our broadband division. We have invested more than $8 billion in these businesses, and the return from them has been dismal.

We have an aggressive program in place to exit these businesses and expect that the sale of these businesses will generate billions of dollars in cash that we can use to repay debt and reinvest in our core businesses. We already have more than $800 million in assets contracted for sale this year. They include CEG Rio, a gas LDC in Brazil; EcoElectrica, a power plant and LNG receiving terminal in Puerto Rico; and asset sales of offshore oil and gas properties in India. The approximately $2.9 billion Portland General sale is also on target to close in late 2002 pending regulatory approvals.

Businesses Under Review

These businesses are comprised of those operations outside our power and gas wholesale businesses and include global and industrial markets. While several of these businesses have very strong future prospects, we need to determine if their capital requirements and near-term growth prospects are sufficient enough in terms of earnings and cash generation.

Reviewing our businesses this way will help determine where we need to make reductions to our work force. More information will follow as soon as it becomes available.

Credit Rating/10-Q Filing

We continue to meet regularly with credit rating agencies and believe that our liquidity enhancements and scheduled asset sales will strengthen our balance sheet and maintain our investment grade credit rating. Our current credit ratings by the three major rating agencies are as follows:

-- Moody's at Baa3       "Under Review for Further Downgrade"

-- Fitch at BBB-             "Evolving Status"

-- S&P at BBB-              "CreditWatch Negative"

We also discussed our existing financial vehicles, including Osprey, Marlin and Yosemite, in further detail. We told investors that we will file our 10-Q five days late due to our current activities. It will be filed on Nov. 19.

We will continue to have updates with investors over the coming weeks as well as our frequent updates with you. The full transcript of our conference call will be filed with the Securities and Exchange Commission in the next few days. It will also be posted on our web site at www.enron.com/corp/investors under "SEC Filings."

In connection with the proposed transactions, Dynegy and Enron will file a joint proxy statement/prospectus with the Securities and Exchange Commission. Investors and security holders are urged to carefully read the joint proxy statement/prospectus regarding the proposed transactions when it becomes available, because it will contain important information. Investors and security holders may obtain a free copy of the joint proxy statement/prospectus (when it is available) and other documents containing information about Dynegy and Enron, without charge, at the SEC's web site at www.sec.gov. Copies of the joint proxy statement/prospectus and the SEC filings that will be incorporated by reference in the joint proxy statement/prospectus may also be obtained for free by directing a request to either: Investor Relations, Dynegy Inc., 1000 Louisiana, Suite 5800, Houston, TX 77002, Phone: (713) 507-6466, Fax: (713) 767-6652; or Investor Relations, Enron Corp., Enron Building, 1400 Smith Street, Houston, TX 77002, Phone: (713) 853-3956, Fax: (713) 646-3302.

In addition, the identity of the persons who, under SEC rules, may be considered "participants in the solicitation" of Dynegy and Enron shareholders in connection with the proposed transactions, and any description of their direct or indirect interests, by security holdings or otherwise, are available in an SEC filing under Schedule 14A made by each of Dynegy and Enron.


Dear Workshop Participant:

I hope you will be able to join us for the conference on "Retail
Participation in Competitive Power Markets" to be held at the Littlefield
Conference Center, Stanford University, on June 21-22, 2001.  Conference
attire will be business casual.

The meeting will begin on Thursday morning, June 21, at 9:00 a.m. and will
conclude by 5:00 p.m. on Friday, June 22.  A continental breakfast will be
available in the meeting room each morning beginning at 8:30 a.m.

Please visit the "June 21-22" meeting under
         http://www.stanford.edu/group/EMF/meetings/

for a description of the meeting and some information about hotels.

Please help us in our planning by using the form there to respond back to
EMF about your participation.  We have listed potential participants and
planned presentations based upon previous messages. Please update me with
any additional presentations or changes in existing presentations.

I look forward to seeing you in June.  In the interim, please do not
hesitate to call me or email me if you have questions or suggestions
regarding this workshop.

Hill Huntington

*******************************************************************
Hillard G. Huntington
EMF - an international forum on
energy and environmental markets Voice:  (650) 723-1050
408 Terman Center    Fax:    (650) 725-5362
Stanford University   Email:  hillh@stanford.edu
Stanford, CA  94305-4026

EMF Website: http://www.stanford.edu/group/EMF/


New Date    Friday the 10th
  3:00
  3125a
---------------------- Forwarded by Janet H Wallis/HOU/ECT on 12/03/99 04:36
PM ---------------------------

Janet H Wallis
12/03/99 02:23 PM
To: Dan J Hyvl/HOU/ECT@ECT, James I Ducote/HOU/ECT@ECT, James
Mackey/HOU/ECT@ECT, Ami Chokshi/Corp/Enron@ENRON, Thomas A Martin/HOU/ECT@ECT
cc:
Subject: Proposed Entex Audit

Plan to attend a meeting concerning ENA's interest in an Audit of Entex.
Wednesday 15th at 3:00 in room 3125a.  I have reserved the room for one hour
but it shouldn't take longer than 20 min.

Thanks,
Janet


http://www.ercot.com/mkt_part_apps/market_participant_application_f.htm

_________________
Ryan Williams
East Power Trading
Enron North America
(713) 853-4793


Hi, John,

I have another request for you: Heather and Chu Chu Wang (another Associate
in my group) are working on the Oyster Creek deal.  Because Chu Chu in on
vacation now, I just took over his job to continue with the deal.  Heather
wants me to find out the updated Houston Ship Channel gas curve from 2001 to
2014.  We only need annual numbers.

Thanks a lot!

Ying
X 57350


-----Original Message-----
From: 	Kaminski, Vince J
Sent:	Monday, January 07, 2002 12:00 PM
To:	PAC, Enron
Cc:	Kaminski, Vince J
Subject:	Cancellation of membership

Please, cancel my membership in Enron PAC.

Vince Kaminski


Attached you will find the CPUC audit of SCE.

 - Cover.pdf
 - SCE File.pdf


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Matthew, Janet and I are going to come your way before March 12th.  I'll give
you a call to discuss further.

Couple of points, I would hope you would share with your group on Monday:

 - the European retail business is an important and strategic focus for Enron
and EES;
 - it encompases a material part of EES's and Enron Europes margin plan for
2001 - so execution and most probably over performance is key in 2001;
 - it was birthplace of one of the key EES distribution platforms that needs
to be migrated to North America - Enron Direct and the ITOL structure (for
the large industrial customer);
 - the European business IS one of the largest growth opportunities going
forward for EES and EES management will recognize, resource and reward that
effort;
 - I am very involved in business strategy, execution and deals;
 - I believe in open communication, performance and high performance teams -
no bullshit politics;
 - I recognize and reward performance, thinking, execution and leadership;
 - I flourish in a culture of ideas, fast action and success;
 - and I will be visiting London to meet everyone probably late February
early March.

PS - I am already a citizen of the Commonwealth.

Talk to you soon!!

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
06:27 PM ---------------------------

Matthew Scrimshaw
02/09/2001 10:47 AM
To: David W Delainey/HOU/ECT@ECT
cc: Janet R Dietrich/HOU/ECT@ECT
Subject: Re: EES Europe - Outsourcing Reorganisation

FYI, I'm planning to visit Houston w/c 12th March.  If you and Janet get here
first I'll push that trip back a month or two.

David W Delainey
09/02/2001 15:53
To: Matthew Scrimshaw/LON/ECT@ECT
cc:
Subject: Re: EES Europe - Outsourcing Reorganisation

ok, let me put something together on e-mail over the next day or so -
otherwise we will plan to be in Europe over the next 4 weeks or so.

regards
delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
09:51 AM ---------------------------

Matthew Scrimshaw
02/09/2001 09:22 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: EES Europe - Outsourcing Reorganisation

Dave,

It would be really great for you to do that.  Unfortunately we start at
10.30am UK / 4.30am US time (the only slot we could get for the Auditorium).
It won't be as cool as a video link up, but if you give me a text message
addressed to all European staff, I'll read it out.

I'll get the senior guys together on Monday for the weekly EES 2.30pm UK /
8.30am US video conference call so you and Janet can at least speak to them.

Let's get you and Janet over to Europe to meet and greet the troops in person
later in the year when you guys realise what you have taken on!

Matthew

David W Delainey
09/02/2001 15:03
To: Matthew Scrimshaw/LON/ECT@ECT
cc:
Subject: EES Europe - Outsourcing Reorganisation

Matthew, would your Monday meeting be a good time (if the time change works)
for me to introduce myself and say a few words via video conference or the
like to your organization?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/09/2001
09:01 AM ---------------------------

Matthew Scrimshaw
02/09/2001 03:04 AM
To: Enron London EES Group
cc: John Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Dan Leff/HOU/EES@EES,
Marty Sunde/HOU/EES@EES, Richard Lewis/LON/ECT@ECT
Subject: EES Europe - Outsourcing Reorganisation

Introduction

EES has been operating in Europe since late 1999 and in that time a lot of
progress has been made.  The teams who have worked on Outsourcing in Europe
have learnt a tremendous amount over the last year.  We now have a much
clearer idea of what should work today in the different jurisdictions that
comprise Europe and those elements of our offering with which customers are
most comfortable.

The phenomenally strong financial performance in 2000 of Enron Direct and
ETOL graphically demonstrate the future potential in Europe for a broad
retail energy business.  With Enron's retail energy presence in Europe firmly
established, we are restructuring our Outsourcing product offering and the
organisation to develop and deliver it, so that we broaden our activities and
successfully grow our earnings in line with shareholder expectations.

We now have a renewed focus in 2001.  The emphasis will be to work on only
the largest deals (by energy commodity spend) in those markets where we
already have a robust wholesale energy business and there is regulated and
economic third party access to retail power distribution systems.  The main
thrust of our offering will be commodity and Demand Side Management (DSM)
projects and our associated price risk management capabilities.  Commodity is
Enron's core competence and one where Enron should be in a position to
generate sizeable gross margin at closure.  DSM projects are also important
as they will deliver gross margin and are what differentiate us from the
commodity competition.  We will be focussing on shorter project lead times at
the front of a deal to ensure that we get to closure promptly - we need to
see 80% of the value in 20% of the time.  Whilst we retain an understanding
of O&M, this will not form part of our core offering and we will only
consider involvement in an O&M capacity on attractive margin transactions
where it is essential to the customer.  As the business develops it is likely
that, to some extent, we will build the necessary O&M delivery capability to
enhance the product offering in the future.

In those markets where we have limited wholesale capability or the third
party access to power distribution systems is not feasible in a retail
context, we will build and develop Utility Representation Services (URS) in
conjunction with a DSM project offering.  This knowledge based business will
allow us to develop retail customer networks in advance of economic system
access and also provide valuable market information back to the wholesale
business.  URS is ERPAG's core business and gives us a tremendous platform to
create a pan European URS competence.

Expertise in Supply Side Management has increasingly become an issue for the
origination team in EES Europe as we have begun to get into material deal
development.  Whilst it is vital that we remain totally coordinated with the
wholesale business for price risk management services, there will be a
renewed emphasis within EES Europe to develop those commodity skills that do
not reside in the wholesale business to allow us to promptly and effectively
price and structure retail commodity transactions to the delivery point.

Given the renewed focus outlined above, we have taken the opportunity to
streamline the Account Delivery and Management team, typically redeploying
staff where they can immediately support the development of new business for
EES Europe.  Effective Account Management remains a key capability for EES
and as we close deals with customers we will review our staffing need in this
area.

Organisation

After eighteen months working on establishing the outsourcing business in
Europe, Ron Bertasi has decided to transition back to the US during the first
half of 2001.  In the short term he will complete the Trillium property deal
and ensure that the energy and property deals are both successfully
launched.  I would like to take this opportunity to thank Ron, on behalf of
everyone in Europe, for all his hard work over the last eighteen months in
establishing the European Outsourcing business and in particular his
leadership on the Trillium deal which represents a substantial landmark for
the business.

Stuart Rexrode is now head of European Energy Services Outsourcing.  Stuart
will continue in a customer facing capacity as a lead originator, whilst
ensuring that all of the dimensions that comprise the Outsourcing team remain
appropriately focussed.  Bob Manasse will head up the origination team and
ensure that the deal pipeline remains full of substantial good quality
prospects.

Hala Tayyarah has been promoted to Manager within the Commodity team and will
provide commodity pricing support to the origination team.  Hala will report
to Peter Redpath until such time as a head of Supply Side Management is
appointed.

Reporting to Peter Redpath, Peter Ramgolam will lead a new activity,
Transaction Economics, supporting Origination by developing cashflow models
to determine deal economics, identify improvements to structures to optimise
value and capture transactions for risk management purposes.

Also reporting to Peter Redpath, John Parker will lead the implementation of
a Position Management activity.

The attached organisation charts show these changes in the revised structure
of EES Europe which is effective immediately.  Whilst these charts are
relatively self explanatory for the levels shown, there will be detailed
discussions over the next day or so to explain what the changes mean for
individuals.  Where boxes are labelled TBA, we hope to make appointments in
the near future.

At 10.30am on Monday 12th February we shall be holding a one hour EES-Europe
all employee meeting in the Auditorium in place of the usual weekly staff
meeting.  At this session we will talk about the 2001 Earnings Plan and
provide clarity on the deal process for Outsourcing and the reasoning behind
it.  Also, it will be an opportunity for you to raise any questions you may
have.  I look forward to seeing you there.

Matthew


Lindsay Renaud
EnronOnline
(713) 345-3703

<Embedded Microsoft Excel Worksheet>


Sorry, someone called this morning and they are going to buy the bed.  If she
looks at it Saturday and doesn't like it,
I will give you first rights.

Janet


I corrected a typo under summary of charges (changed "by" to "to" Seller).

Kay


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 09/14/2000
09:53 AM ---------------------------

Margaret Lenhart <mlenhart@juno.com> on 09/13/2000 04:56:07 PM
To: lorinlenhart@hotmail.com, tlenny88@aol.com, Matthew.Lenhart@enron.com,
roo.dalke@alltel.net, cheese@navix.net, jrichling@webtv.net
cc:

Subject: Fw: Fwd: Athletes NOT going to Sydney in 2000

--------- Forwarded message ----------
From: "Patti Dittmann" <pdittmann@cline-law.com>
To: "Matthew Campbell" <mattc@cline-law.com>,
  "Marsha Weston" <mweston@cline-law.com>,
  "Traci Schafer" <tschafer@cline-law.com>, <mlenhart@juno.com>
Date: Tue, 12 Sep 2000 15:39:37 -0500
Subject: Fwd: Athletes NOT going to Sydney in 2000
Message-ID: <s9be4e4c.011@cline-law.com>

Patti Dittmann
Paralegal
402-474-6900, Ext. 1291

From: "Dorene Casey" <dcasey@cline-law.com>
To: <Js51856@alltel.net>,"Kristy Thober" <kthober@cline-law.com>,  "Patti
Dittmann" <pdittmann@cline-law.com>,  "Theresa Brammier"
<tbrammier@cline-law.com>,  <martha@navix.net>, <chancyjan@webtv.net>
Date: Tue, 12 Sep 2000 15:33:10 -0500
Subject: Fwd: Athletes NOT going to Sydney in 2000
MIME-Version: 1.0
Content-Type: message/rfc822

From: Cheryl Bouc <CBouc@FALA.COM>
To: "Denise - work (E-mail)" <Denise_Mcclelland@AMANet.Org>,  "Don (E-mail)"
<DBouc@nhelp.net>,  "Dorene - work (E-mail)" <Dcasey@Cline-Law.Com>,  Eric
Small <ESMALL@FALA.COM>,  "John Brajkovich - Work (E-mail)"
<BrajkovichJ@aetna.com>,  "Jon Whiteman - work (E-mail)"
<WhitemanJD@AETNA.COM>,  "Michele - work (E-mail)"
<michelec@antares-iti.com>,  "PeeWee (E-mail)" <DAllen2426@AOL.Com>,  "Rod -
work (E-mail)" <RBouc@columbusart.mus.oh.us>,  "Sharon - work (E-mail)"
<MatarazzoSA@AETNA.COM>,  "Teri Tree (E-mail)" <ttreccar@amanet.org>,  Alicia
Berrios <aberrios@FALA.COM>,  Danielle Purzewski <DPurzewski@FALA.COM>,
Allison MacMorris <amacmorris@FALA.COM>
Date: Tue, 12 Sep 2000 15:54:48 -0400
Subject: Athletes NOT going to Sydney in 2000
Message-ID: <2E9CF383756DD411948E00105A125E081ACB6A@exchange_mail>
Received: from exchange_mail.fala.com ([63.78.124.75]) by cline-law.com; Tue,
12 Sep 2000 14:56:48 -0500
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>  <<GOLD.MPG>>  <<SILVER.MPG>>  <<BRONZE.MPG>>  <<JAVELIN.MPG>>

 - GOLD.MPG
 - SILVER.MPG
 - BRONZE.MPG
 - JAVELIN.MPG


Start Date: 4/16/01; HourAhead hour: 11;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041611.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 11 / Preferred:  50.00 / Final:  49.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/16/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_SOUTH
  ENGY_TYPE: FIRM

---- SC Trades Schedule ----
+++ Hour 11 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/16/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


I left a voice mail for Paul but have not heard back yet.

From: Matt Motsinger on 12/10/99 07:53 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: EnronOnline Password Application

Mark could you follow up with this customer regarding the Password
Application.

Thanks,
Matt
---------------------- Forwarded by Matt Motsinger/HOU/ECT on 12/10/99 07:52
AM ---------------------------
From: Matt Motsinger on 12/08/99 02:08 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: EnronOnline Password Application

I received a call from Paul Sauer (713-877-7028) with Engage Energy. He
stated that he would like to discuss legal aspects of the Password
Application and possible modifications of that form.  Could you please
contact this individual.

Thanks,

Matt Motsinger
713-853-5221
EnronOnline Call Center


For your information.  The outcome was great for TW because the Cal. PUC
adopted our receipt point proposal, eliminating the danger of mandated
restriction of TW's deliveries to the California border.  The outcome is not
so great for Enron overall because they rejected our proposed settlement.
The receipt point proposal was able to survive since it was part of both of
the competing settlements.
I'm still trying to get thru the whole order; let me know if you have
questions.
S.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 11/27/2000
09:20 AM ---------------------------
From: Jeff Dasovich on 11/22/2000 06:28 PM
Sent by: Jeff Dasovich
To: Jeffery Fawcett/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Bad Proposed Decision

Well, this shows the direction in which the "new" Commission is heading.  The
very good news, though, is that  TW's proposal was included in both
settlements (now that's hedging!).  Thus,  the benefits to TW were preserved
under both proposals.  Congratulations.  That's fantastic--hard work that
paid off.

We will of course express out extreme dissappointment with the PD, and point
out that this decision condemns California to a 20th century infrastructure,
when the state's 21st century economy demands much, much better.

We should discuss.  Since the PD empowers the likes of Norm and Florio, it
will be important to play very close attention to implementation of Hector.

Sorry to have to be the one to deliver the news.   But we have a knack of
making lemonade out of lemons and we'll do out best to do the same here,
whatever turns up at the end.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 11/22/2000 05:53 PM -----

	Michael.Alexander@sce.com
	11/22/2000 05:27 PM

		 To: Paul_Amirault%SCE@sce.com, tomb@crossborderenergy.com, burkee@cts.com,
craigc@calpine.com, rick.counihan@greenmountain.com, jdasovic@enron.com,
MDay@GMSSR.com, Douglas.Porter@sce.com
		 cc: Colin.Cushnie@sce.com, INGGM@sce.com
		 Subject:

The PD in the Gas Restructuring is out.   I have yet to read the whole
thing, but the title "Approval With Modifications Of The Interim
Settlement..." does not bode well.  According to Steve Watson (and I only
have Steve's statement second hand), the decision reflects a fear that the
timing is wrong in light of the current volatile gas price market.

(See attached file: Proposed.doc)

--
Michael S. Alexander
Southern California Edison
626-302-2029
626-302-3254 (fax)

 - Proposed.doc


Kathleen,

John Keffer, Bill Parrish and Andy Schifrin need access to Midway on Deal
Bench.  Can you handle this for me?

Thanks,

Kay


I'm going to be at the Hyatt in Sac. tonight.  Could you send a hardcopy to
me there?

	Scott Govenar <sgovenar@govadv.com>
	02/26/2001 06:09 PM

		 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>, Michael McDonald <Michael.McDonald@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>, Mike D Smith <msmith1@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>, Leslie Lawner <Leslie.Lawner@enron.com>, John
Neslage <john.neslage@enron.com>, Ken Smith <ken@kdscommunications.com>
		 cc:
		 Subject: SBX 28

SBX 28 (Sher) relating to expedited siting, passed out of the Senate
Environmental Quality Committee, as amended, on a bi-partisan vote of
6-0.  I have the bulk of the amendments in hard copy only and can fax
them as requested.