Please see attached resume!

Thanks,
James
---------------------- Forwarded by James Centilli/ET&S/Enron on 11/13/2000
03:32 PM ---------------------------

	From:  John Shafer                           11/13/2000 03:03 PM

To: James Centilli/ET&S/Enron@ENRON
cc: Louis Soldano/ET&S/Enron@ENRON

Subject: Help?

James,

I enjoyed being with you during our most recent trip and meeting with SoCAl
Gas in Los Angeles.  After getting to know you (at least briefly) I was
wondering if you could give me a little help.  My son-in-law is a young CPA
who now works for Reliant Energy in Shreveport.  We have been circulating his
resume a little around Enron and have gotten little interest.  Do you know
anyone in the finanace end of the business (accounting, etc.) in which you
could pass his resume along.  I would really appreciate any help you could
give me.  Thanks, John Shafer


Attached is a final version of our memorandum regarding ECT's claim.? We will
fax a hard copy.

 <<3__r002!.DOC>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - 3__r002!.DOC


Congrats! How was Bali? I've heard it is beautiful.

cd


This request has been pending your approval for  7 days.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000079466&Page=Approval to review and act upon this request.

Request ID          : 000000000079466
Request Create Date : 12/17/01 4:09:11 PM
Requested For       : rodney.malcolm@enron.com
Resource Name       : eConnect - VPN  Tier 2 - Full Access
Resource Type       : Applications


What goin' on?  It's all quiet down here.  In fact, even Jeff is just hanging
out.  He sat by me and made fun of Lake Charles for half an hour or so.  So I
don't feel so bad about not accomplishing a whole lot today.

Hope you're having a good day.
Robin


Thanks Susan--I agree with your analysis of the tying issue.  It ain't tying
if we aren't restricting access to the service--we are just offering
selective discounts.  Christine--I'm OK with it.  Thanks. DF

	From:  Susan Scott                           07/17/2000 02:20 PM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Transwestern IOS Approval Request

Drew -- I've looked at this and it is fine; really does not deviate from what
we have posted before.

One issue that arose Friday was whether our all-or-nothing approach (i.e.,
shipper must take all 49,000 dth of capacity or none at all -- or all 20,000
or none at all) constitutes tying.  The 49,000 package includes 35,000 to
North Needles and 14,000 to Topock.  So if a shipper wants the Needles space
it has to take the Topock space too.  This looked like a clear case of tying
to me until I remembered that this capacity is now, and has been, posted and
available and any shipper can bid on any part of the Needles space right now
if they wanted to and we'd sell it to them without making them take the
Topock space.  That'll be true during the IOS too -- i.e., nothing can stop
shippers from bidding on the Needles space outside of the IOS process.  This
is just a situation in which we're putting a special package together with
the expectation that the price will reflect the fact that the less desirable
Topock space is part of that package.

Does this make sense to you?  If not, give me a call.

	From:  Drew Fossum                           07/17/2000 01:35 PM

To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: Transwestern IOS Approval Request

pls let me know if this looks ok to you.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/17/2000
01:30 PM ---------------------------

Christine Stokes
07/17/2000 10:28 AM
To: Steven Harris/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON
cc: Kevin Hyatt/ET&S/Enron@Enron

Subject: Transwestern IOS Approval Request

TRANSWESTERN PIPELINE COMPANY
INTERACTIVE OPEN SEASON
APPROVAL REQUEST

Please review the attached file for the announcement of Transwestern's
Interactive Open Season (IOS) to be held Friday, July 21, 2000.  The
following summarizes the bidding rules and capacity definition for the two
bid packages of East of Thoreau (EOT) to California capacity:

 Package 1:
 Volume: 20,000 Dth/d
 Term:  3 months (August - October, 2000)
 Path:  East of Thoreau to California.  Maximum available delivery capacity
   of 12,000 Dth/d at Needles, Ca.  Remaining may be chosen between
   PG&E and Mojave.

Package 2:
 Volume: 49,000 Dth/d
 Term:  12 Months (November 1, 2000 - Oct. 31, 2001)
 Path:  East of Thoreau to California.  Maximum available delivery capacity
   of 35,000 Dth/d at Needles, Cal.  Remaining may be chosen between
   PG&E and Mojave.

Bidders may bid on either a 1-part or a 2-part rate structure for the entire
capacity amount posted.   No partial volume bids are accepted.  Bid packages
are considered mutually exclusive.     No minimum bid rate is posted
therefore Transwestern is not obligated to accept any bids if the bids are
valued as unacceptable.  Transwestern shall award capacity based upon Highest
Rate criteria.

If any questions arise please contact Christine Stokes at x35702.

Please indicated approval via REPLY WITH HISTORY.


see the attached resume below.  I don't know this guy but thought I'd pass it
along to you.
---------------------- Forwarded by Scott Neal/HOU/ECT on 07/20/2000 10:45 AM
---------------------------

Shawn Kilchrist@ENRON
07/20/2000 09:39 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Re: Win Graham

This fellow may be of interest you.

Shawn

---------------------- Forwarded by Shawn Kilchrist/NA/Enron on 20/07/2000
15:38 ---------------------------

Cindy Justice@ECT
20/07/2000 08:31
To: Shawn Kilchrist/NA/Enron@ENRON
cc:

Subject: Re: Win Graham

At this point I think he's looking at trading opportunities.

Shawn Kilchrist@ENRON
07/20/2000 02:46 AM
To: Cindy Justice/HOU/ECT@ECT
cc:
Subject: Re: Win Graham

Is he only interested in trading work or would he be interested in some
controls work?

SK

Cindy Justice@ECT
07/19/2000 01:56 PM
To: Shawn Kilchrist/NA/Enron@Enron, Roger Ondreko/HOU/ECT@ECT
cc:

Subject: Win Graham

I thought I might pass this along your way to see if you had any ideas or
know of any needs. Win Graham used to work at C&L and looking for trading
opportunities at Enron. He's not interested the associate program at this
time.

His employer doesn't know he's looking, but feel free to pass this along to
anyone who might have or know of a need.

From my exposure to him, he seemed like a great guy that would probably fit
in well at Enron. Very personable!

Hope things are going well for both of you!

Cindy
---------------------- Forwarded by Cindy Justice/HOU/ECT on 07/19/2000 01:53
PM ---------------------------

Win Graham <ESG@Vitol.com> on 07/19/2000 11:39:12 AM
To: "'cindy.justice@enron.com'" <cindy.justice@enron.com>
cc:
Subject: Win Graham

It was good to talk to you again.  Thanks for passing this around.
Hopefully something good will come from it.

Win

 <<res.doc>>

 - res.doc


Jesse Wants his CD back or the penalty will be Death!


Pretty funny.
---------------------- Forwarded by Phillip M Love/HOU/ECT on 11/13/2000
10:10 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           11/13/2000 10:09 AM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Kids Find Contested Ballot to be Child's Play

---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/13/2000
10:08 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           11/13/2000 08:43 AM

To: kristi.giron@cfisd.net
cc:
Subject: Kids Find Contested Ballot to be Child's Play

---------------------- Forwarded by Darron C Giron/HOU/ECT on 11/13/2000
08:43 AM ---------------------------

Greg Couch
11/10/2000 03:52 PM
To: Darron C Giron/HOU/ECT@ECT, David Lorenz/Corp/Enron@ENRON
cc:
Subject: Kids Find Contested Ballot to be Child's Play

---------------------- Forwarded by Greg Couch/HOU/ECT on 11/10/2000 03:52 PM
---------------------------

"Vance, Norman" <NVance@hess.com> on 11/10/2000 03:28:15 PM
To: "Greg Couch (E-mail)" <Greg.Couch@enron.com>
cc:
Subject: Kids Find Contested Ballot to be Child's Play

Friday, November 10, 2000
IN THE NEWS..."Kids Find Contested Ballot to be Child's Play,"
The Shreveport Times, by Don Walker

"It's a ballot that perplexed Florida voters but was no match for the wits
of first- and fourth-graders at Stockwell Elementary School in Bossier City.

"Disillusioned and upset by the lingering chaos of this week's presidential
election, fourth-grade teacher Lisa Burns pulled a sample of the
controversial Palm Beach County, Fla., ballot off the Internet on Thursday.
She then put her class of 9- and 10-year-olds to the test.  'I gave them a
ballot and had them take a blue marker to vote for Al Gore and a red marker
to vote for George Bush. Then I had them put their name on the bottom of the
ballot and turn it in.'

"Turns out this election was mere child's play. Not one of the 22 students
present in class Thursday was confused by the ballot. Each one was marked
without error.

"Well, if a fourth-grader could do it, how about a first-grader? Down the
hall in Stacey Robinson's class, the ballot was handed out to 6- and
7-year-olds. Robinson used an overhead projector to point out Gore's name,
then asked the class of 24 students to find his bubble on the punch-card
ballot.

"'It wasn't a vote,' Robinson said. 'I just wanted to experiment to see if
they could find the correct bubble.'

"When the ballots were turned in, 19 of the first-graders marked the correct
bubble for Gore, three picked Buchanan's bubble, one picked Bush's and one
marked the bottom bubble for the 'Natural Law' party.

"'If a first-grader can choose the correct bubble, there's no legitimate
claim. Anyone could have done it,' Robinson said. 'A grown adult who took
any time at all could find it.'

"Still, even in a first-grade classroom, vote tabulations were the subject
of protest and controversy. 'I thought we were voting,' Brady McCoy, 6, of
Haughton grumbled after he was told to find and punch the 'Gore' bubble. 'I
wanted to vote for George Bush!'"


Start Date: 3/3/01; HourAhead hour: 10;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030310.txt


Please contact Kristin Walsh (713) 853-9510 or Britt Whitman  (713) 345-4014
for questions.

EXECUTIVE SUMMARY
? California's Bond Inevitability
? Davis Faces Even Greater Financial Woes
? California's Creditor Status Debated by Court
? Windfall Profits Tax Bill (SB 1X/AB 128X) Passes Senate Vote, Davis
expected to Sign Off

California Bond Battle
SB 31X passed the Senate today by a simple majority vote, initiating the 90
day wait period on the revenue bonds issuance.  Sources indicate that
contrary to media reports, a possible referendum on the SB 31X would be
unlikely for Harvey Rosenfield to produce within 90 days due to insufficient
funding.  He reportedly would need to raise $250,000 - $500,000 very
quickly.  Sources believe that it is more likely that Harvey will attempt to
set up an initiative later this year or in 2002.

Davis Financial Woes Just Beginning
It is unclear whether Governor Davis truly will be able to move money around
within the state budget to cover power purchases until August.  Of the $13.4
billion bond amount authorized, approximately $6.7 billion has already been
spent on power.  It is likely that the state will spend more than the
remaining $6.7 billion on power before the bonds are even issued.  Sources
indicate that most of the long-term contracts Davis talks about are unsigned
and not really in place.  This means that the state may still have to
purchase the majority of power on the spot market, which further complicates
the situation.  As reported earlier, this explains why the Republicans wanted
to wait for Davis to disclose the terms of the contracts before authorizing
the bond issuance.  Given the lack of contracts in place, it appears that the
bridge loan and the bonds will be inadequate for all of the state's power
purchases.

"To Be or Not to Be," Is California a Creditor?
Sources indicate that lawyers and members of the generator community
reviewing California's revenue bond bill SB 31X, are unclear as to whether
the state of California has claims as a creditor.  It appears at this time,
that the Assembly re-wrote Senator Bowen's language so that the bill relies
on the existing interpretation of AB 1X as to when the state gets paid by the
utilities.  This exact issue is currently being reviewed in the PG&E
bankruptcy case and will most likely settle this ongoing dispute between
legislatures and utilities.

Windfall Profits Tax
According to sources, the windfall profits tax bill, SB 1X, still remains in
committee in the Assembly.  It is unclear if this bill could be brought to a
vote tomorrow given that each house has not reviewed the other's version of
the bill.  Sources further indicate that the Senate version SB 1X, has not
yet been referred to an Assembly policy committee and that a "significant
reconciliation process" between the two bills must occur.  For example,
unlike the Senate version, the Assembly version reportedly does not set a
price cap based on a firm dollar amount, but instead leaves the decision up
to a regulatory committee such as the PUC.  Once the bond issuance passes the
Senate and is officially authorized, the state will likely be able to get its
bridge loan from the lenders.  However, sources indicate that the bridge loan
is "dead" unless the Senate moves before Thursday.


As Brian is away on vacation, I thought you may be able to assist me.

Brian Redmond does not have responsibilities in his profile for the MD prc.  I took Laura Luce's profile and changed the region to Texas and added Tech Services.  Do you think this is appropriate or can you offer any changes?

 -----Original Message-----
From: 	Kanouff, Erin
Sent:	Wednesday, July 18, 2001 1:37 PM
To:	Slone, Jeanie
Subject:	Redmond Responsibilities

How's this?

"Responsible for negotiations, deal structuring and customer coverage for the Texas Region as well as managing the ENA Technical Services."


Samantha Boyd can be reached by the following:

281-893-8693 (unlisted)

12315 Wilde Laurel Ln
Houston, TX 77014

If anyone should need ANY assistance, please do not hesitate to contact me at
x5-3317.  Thank you for your attention to this matter.


I'm far afield of my area of expertise, but Boyd's comments make a great deal
of sense to me.  Gregg, did you/will you pass these along to PERC?  Perhaps
it would help if Boyd could speak directly to the PERC person with the
typewriter, so to speak.

Kay

"Boyd J. Springer" <bjspringer%JONESDAY@JonesDay.com> on 08/28/2000 09:10:10
AM
To: gregg.penman@enron.com
cc: kay.mann@enron.com

Subject: 7-101 Petition re Master Sales Agreement

_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

These are my comments re the draft Petition forwarded by Peoples on Friday:
(1) The Petition describes PERC in paragraph and refers to PERC in par. 3.
PERC, however, is not a party to the Master Agreement, and the Petition
does not discuss request any relief with respect to PERC. I don't see why
there is a need to reference PERC. (2) It is my understanding that, under
the Master Agreement, there will be two types of transactions: (a) simple
buy/sells at a clear market price; and (b) complex transactions with
sharing arrangements, management fees and similar structures. As we have
discussed, the first type of transaction, simple buy/sells at a market
price fall under an exemption to Section 7-101's approval requirement (220
ILCS 5/7-101(4)). These types of transactions do  not require ICC approval
and MEH/Peoples are free to engage in such transaction now. I would suggest
that the Petition point this out, particularly if (as I suspect is the
case) MEH and Peoples are now conducting such transactions or may wish to
do so before the ICC acts on the Master Agreement. Because the Master
Agreement covers certain transaction which need approval and other which do
not, I would suggest that the Petition make this clear and request approval
only "to the extent required". (This was the language used by NIGAS in
seeking approval of a buy/sell agreement in Docket 95-0302.) (3) With
respect to the transactions which do require approval (the complex ones
with sharing arrangements, management fees and similar structures), the
draft Petition doesn't say much. It says (Par. 5) that transactions under
the Agreement will optimize the use of the gas supply and capacity assets
of Peoples and MEH; (Par. 9) that Peoples has similar master contracts with
non-affiliated entities; (par. 10) that the agreement will not interfere
with Peoples' operations; and (par. 10) that the Agreement is in the best
interest of Peoples and its customers. All of these statements are fine to
include, but the ICC is likely to want to know more about why the agreement
is in the public interest. Perhaps a sentence or two could explain how the
Agreement will optimize Peoples' use of its gas supply and capacity assets
(e.g., by using capacity which otherwise would be idle) and how this will
benefit Peoples' Illinois ratepayers (e.g., a credit to PGA gas costs).
Also, Peoples is asking that the ICC pre-approve an arrangement under which
the "details" of individual transactions will be filled in later. As I
understand it, the "details" will include such things as the level of
management fees and other compensation terms. To facilitate approval, it
would be best to have some sort of guideline to suggest to the ICC, i.e., a
management fee within a certain amount or percentage of a specified index
level. If there is an industry standard approach that could be referenced,
that may be of use. The Petition suggests that there are other Agreements
of this type with non-affiliates. Perhaps reference could be made to
pricing provisions under one or more of those agreements. If it is not
possible to be any more specific, I am concerned that the ICC may want to
wait and review individual transaction rather than giving blanket approval
without knowing more. (4) The ICC approval process can take 4-5 months
(sometimes more) to complete. The required approval time, however, can be
cut down significantly when the apprval filing includes a Peition and
supporting testimony that lays out all the information needed to conclude
that a proposed arrangement is in the public interest (the interest of
Illinois ratepayers). The Petition itself need not include all the details
(it need only lay out the case ingeneral terms). A filing package which,
with accompanying testimony, tells the full story will expedite the
approval process.


CERA report on dereg problems
---------------------- Forwarded by Susan J Mara/SFO/EES on 09/20/2000 04:05
PM ---------------------------

US Publishing <season@wizard.net> on 09/20/2000 08:47:34 AM
Please respond to season@wizard.net
To: "RT Reader" <season@wizard.net>
cc:
Subject: Restructuring Today, Wednesday September 20, 2000

(see attached file:  rt000920.pdf)

Thank you,

Season Hawksley
US Publishing
1-800-486-8201
www.restructuringtoday.com
season@restructuringtoday.com

 - rt000920.pdf


Mark,
	Could you please add "DL_Portland_Volume_MGMT" to your distribution list for Flash, Desk analysis and DPR.

							Thanks
							  Chris

 -----Original Message-----
From: 	Confer, Mark
Sent:	Wednesday, July 25, 2001 11:58 AM
To:	Allen, Thresa A.; Chang, Fran; Dunton, Heather; Evans, Casey; Law, Samantha; O'Neil, Murray P.; Postlethwaite, John; Ratnala, Melissa K.; Reeves, Leslie; Saha, Rajib; Stokley, Chris; Vinson, Donald Wayne; White, Stacey W.
Subject:	June 01 Flash Report

Attached is the June 01 Flash Report.  The Desk Analysis will be sent later this afternoon.

Thanks,

Mark

 << File: 20001 06 flash Report 72501 .xls >>


Winston,
here is a document related to smoothing methodology for FF vols calculation.
I am sending you also a spreadsheet prototype model with examples for gas and
power.
 Fitting in the spreadsheet is done with "Solver".
I'll figure out how to implement minimization in the code.

Thank you,
Tanya.

Tanya Tamarchenko
11/17/2000 02:59 PM
To: Naveen Andrews/Corp/Enron@ENRON, Alex Huang/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Vladimir
Gorny/HOU/ECT@ECT
Subject: Re: smoothing methodology for extracting forward forward
volatilities

Following up on our discussions I implemented one method for creating forward
forward curve
from implied vol curve.
I sorted out 12 forward curves from an original forward vol curve, each of 12
curves corresponding
to certain month. Then I fitted each of 12 curves with a function:

y=a+A/power(x+b, beta)

I figured out that when beta is from (0, .5) the above function is suitable
for performing our bootstrapping
routine of deriving ff vols from implied, because:

y(x+t) * y(x+t) * (x+t) - y(x) * y(x) * tx> 0                  for all x, t.

(I have to double check on this again. Also when beta>0.5 there are some
combinations of parameters a, A, b, beta
for which above equality holds). Even with restriction on beta this class of
functions represents quite a variety of shapes.

Below you see the example of fitting as well as the example of ff vol curve
constructed from implied vol curve for NG.

I'll try this for power as well.

Any comments?


TODAY'S HEADLINES
The New York Times on the Web
Saturday, May 12, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

QUOTE OF THE DAY
=========================

"WASHINGTON, May 11 President Bush said today that the surest
and swiftest way to help Americans cope with rising gas and
oil prices was to enact a sweeping tax cut, which he said
would give them more money to pay for the increases. "If I
had my way, I'd have it in place tomorrow, so that people
would have money in their pockets to deal with high energy
prices," Mr. Bush said at news conference in the White
House. "The Congress needs to act." Mr. Bush's comments came
a day after the Senate, like the House, approved a budget
plan that calls for $1.35 trillion in tax cuts over the next
11 years, and Mr. Bush sought to seize that momentum, urging
both chambers of Congress to pass the tax cut itself before
their Memorial Day recess. Mr. Bush also sought to link his
push for a tax cut to the nation's energy woes more strongly
than ever before. He cited those woes as a rationale for a
reduction in taxes, and he cited a tax cut as an answer to
those woes. After several weeks in which administration
officials had cautioned Americans that there was little if
anything that their energy policy, to be unveiled on
Thursday, could do to help consumers in the short term, Mr.
Bush today pitched his tax cut as, in fact, a ready-made
remedy. And he did so at a time of growing worry among
Republicans that rising gas and oil prices could seriously
damage his presidency. "Let me say it again, see if I can be
more clear," the president said in response to one of many
questions about other approaches to dealing with energy
problems. "To the Congress, who is interested in helping
consumers pay high gas prices: `Pass the tax relief as
quickly as possible.' "We've set aside $100 billion to help
consumers with high energy prices," Mr. Bush continued,
referring to a part of the suggested tax cut that would be
distributed among taxpayers this year. "That's the quickest
way to help consumers. I am deeply concerned about
consumers. I'm deeply concerned about high gas prices. To
anybody who wants to figure out how to help the consumers,
pass the tax relief package as quickly as possible." Many
low-income people, who are least able to afford a steep
escalation in the cost of cooling their homes or filling
their cars, would receive only modest amounts of money from
the tax cut Mr. Bush has proposed. Beyond that, the poorest
of these people, who pay no taxes, may not receive any
financial relief at all from a tax cut. But Mr. Bush and his
advisers clearly craved an opportunity for the president to
appear empathetic and in charge of the situation amid
predictions by some analysts that the price of a gallon of
gas could reach $3 this summer. Today's news conference,
which was almost 30 minutes long, was the third in the White
House the president had held since his inauguration nearly
four months ago. Mr. Bush also wanted to claim victory for
the Congressional passage of a budget plan with a tax cut
only slightly smaller than the one he initially proposed.
And he expressed support for Attorney General John
Ashcroft's decision, announced shortly before Mr. Bush
spoke, to delay until June 11 the planned execution of
Timothy J. McVeigh. "He is lucky to be an American," Mr.
Bush said of Mr. McVeigh. "This is a country that will bend
over backwards to make sure that his constitutional rights
are guaranteed, as opposed to rushing his fate." The
president added that the failure of F.B.I. officials to turn
over documents to which Mr. McVeigh's defense lawyers were
entitled had neither persuaded him that Mr. McVeigh was
unjustly convicted nor shaken his faith in the fairness with
which the death penalty is meted out. As the governor of
Texas, Mr. Bush presided over more than 150 executions in
six years. Asked about the recent expulsion of the United
States from the United Nations Human Rights Commission, Mr.
Bush grew more animated than usual, his anger evident. "The
decision was an outrageous decision," he said. "To me it
undermines the whole credibility of this commission." Like
Mr. Bush's two previous White House news conferences, this
one was announced only shortly before it began, and Mr. Bush
for a third time eschewed the formal trappings of the East
Room for the less formal press briefing room. He seemed
determined to maintain a jocular demeanor even about grave
subjects, smiling and laughing for a moment before answering
a question about a 4-month-old Palestinian baby killed by
Israeli fire this week. The issue he discussed most was
energy, as he set the stage for his administration's
announcement of its policy, one that will call for the
construction of power plants and more oil and gas
exploration on federal lands. Many voters are concerned
about the environmental repercussions of such measures, and
Mr. Bush sought both to address those concerns and to assert
that energy problems were long in the making and would be
long in the solving. "This is a situation that's been
developing over the years, and it's going to take a while to
correct," Mr. Bush said, presenting himself as the blunt
bearer of mixed tidings and later adding, "I'm going to tell
the truth when it comes to energy: that we have a serious
problem, that we need to do a couple of things." "We need to
be more conservation- minded in America," he said. "But I'm
also going to say, as plainly as I can, we won't conserve
our way to energy independence. We must also increase
supply." Mr. Bush's discussion of the nation's energy
problems in some ways mirrored his evaluations of the
economy, in which he has gone out of his way to document
that he inherited a troubling situation. He said today that
he hoped an economic recovery would be imminent, but that
"there's no question that the minute I got elected, the
storm clouds on the horizon were getting nearly directly
overhead.""

- ,

Full Story:

NATIONAL
=========================

Ashcroft Delays Death of McVeigh Over F.B.I.'s Lapse
http://www.nytimes.com/2001/05/12/national/12EXEC.html

The West Is Culling Forests That Fueled Fires of the Past
http://www.nytimes.com/2001/05/12/national/12FIRE.html

Dartmouth Expels Fraternity Over Articles
http://www.nytimes.com/2001/05/12/national/12DART.html

Texas Governor Signs Hate Crimes Bill
http://www.nytimes.com/2001/05/12/national/12TEXA.html

/--------------------- ADVERTISEMENT ---------------------\

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Enjoy the award winning journalism of The New York Times
with the added benefit of convenient home delivery. Now you
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POLITICS
=========================

Bush Says Tax Cut Would Help Consumers With Energy Costs
http://www.nytimes.com/2001/05/12/politics/12BUSH.html

Bush Picks Industry Insiders to Fill Environmental Posts
http://www.nytimes.com/2001/05/12/politics/12NOMI.html

Two Leaders of Tax Panel Agree on a Bill
http://www.nytimes.com/2001/05/12/politics/12TAX.html

Gambling Industry Battles McCain Ban on College Bets
http://www.nytimes.com/2001/05/12/politics/12GAMB.html

INTERNATIONAL
=========================

TV Tycoon and Career Politician Wrap Up Campaign to Lead
Italy
http://www.nytimes.com/2001/05/12/world/12ITAL.html

Talks Don't Calm Foes of Antimissile Plan
http://www.nytimes.com/2001/05/12/world/12MISS.html

Despite European Unity Efforts, There's No Country Like Home
http://www.nytimes.com/2001/05/12/world/12EURO.html

Death to Blasphemers: Islam's Grip on Pakistan
http://www.nytimes.com/2001/05/12/world/12PAK.html

BUSINESS
=========================

Consumers Still Spending With Gusto
http://www.nytimes.com/2001/05/12/business/12ECON.html

Panel Says 3 Allergy Drugs Should Be Sold Over the Counter
http://www.nytimes.com/2001/05/12/business/12FDA.html

How a Rabbi's Foray Into Online Dating Ended Up in Court
http://www.nytimes.com/2001/05/12/technology/12MATC.html

Top Executive Stepping Down at Audit Firm
http://www.nytimes.com/2001/05/12/business/12ACCO.html

TECHNOLOGY
=========================

How a Rabbi's Foray Into Online Dating Ended Up in Court
http://www.nytimes.com/2001/05/12/technology/12MATC.html

Two Executives Leaving Nortel Networks
http://www.nytimes.com/2001/05/12/technology/12NORT.html

Bloomberg Buys Web Addresses That Critics Might Fancy
http://www.nytimes.com/2001/05/12/nyregion/12BLOO.html

The Peculiar Ruins of the New Economy
http://www.nytimes.com/2001/05/13/magazine/13SERVERFARM.html

NEW YORK REGION
=========================

A Fading Actress, a Pile of Drugs and 3 Slayings
http://www.nytimes.com/2001/05/12/nyregion/12SHOO.html

Pursuit of Cash and Influence Linked Torricelli and a Donor
http://www.nytimes.com/2001/05/12/politics/12INQU.html

Big Store, Seen as Interloper, Wins Over a Neighborhood
http://www.nytimes.com/2001/05/12/nyregion/12SPRI.html

Bloomberg Buys Web Addresses That Critics Might Fancy
http://www.nytimes.com/2001/05/12/nyregion/12BLOO.html

SPORTS
=========================

Yankees Move Into First Despite Struggles
http://www.nytimes.com/2001/05/12/sports/12YANK.html

Giants Hand Mets Fourth Straight Loss
http://www.nytimes.com/aponline/sports/AP-BBN-Mets-Giants.html

Carter's Answer for Iverson Is 50 Points
http://www.nytimes.com/2001/05/12/sports/12RAPT.html

Kings Come Home to Find Lakers Still Unbeatable
http://www.nytimes.com/2001/05/12/sports/12LAKE.html

ARTS
=========================

Mankind Takes a Fall in New Museum Displays
http://www.nytimes.com/2001/05/12/arts/12NATU.html

A Professor Who Can Rap the Rap
http://www.nytimes.com/2001/05/12/arts/12TANK.html

Showing the Flag in Paris
http://www.nytimes.com/2001/05/12/arts/12CENT.html

New York City Ballet: Promises of a Shining Sun and Love in
Bloom
http://www.nytimes.com/2001/05/12/arts/12WHEE.html

OP-ED COLUMNISTS
=========================

By FRANK RICH: Springtime for Adolf and Tony

The popularity of "The Producers" and "The Sopranos"
indicates that Americans can tell the difference between a
show created by real writers and one assembled by a
Hollywood committee.

http://www.nytimes.com/2001/05/12/opinion/12RICH.html

By ANTHONY LEWIS: Danger to Israel

The national policy of building Jewish settlements in the
occupied West Bank and Gaza are a crucial obstacle to a
resumption of meaningful peace talks.

http://www.nytimes.com/2001/05/12/opinion/12LEWI.html

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alyson@nytimes.com or visit our online media kit at
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Raymond,

Yes, Simon Hurst.

Vince

Raymond Yeow@ENRON_DEVELOPMENT
08/07/2000 06:15 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Paul Quilkey/ENRON_DEVELOPMENT, Vince J Kaminski/HOU/ECT@ECT, Grant
Masson/HOU/ECT@ECT
Subject: Re: Thank you

Dear Vince,

It was our privilege to have you here.
Paul's wife had a baby yesterday, and Paul  will be back on Thursday. So
maybe item 3 can wait until Paul's return.

As for (2), yes - i will need a PS reader :o)
Again, let us check Paul's diary on his return before fixing a time for
Quentin Kerr

1 1. The resume you sent to me and Grant looks quite good.
I think it makes sense to interview this person and we can help
you with a phone interview.

Is this Simon ???

Thanks
Raymond

Vince J Kaminski@ECT
08/08/2000 06:30 AM
To: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Raymond
Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT

Subject: Thank you

Paul & Raymond,

It took more than a few days to catch up after I came back from Australia.
There  are few things I would like to bring up to your attention.

First of all, I would like to thank you for your hospitality. I learned a lot
about the Australian markets and was greatly impressed with the
quality of the people at the Sydney office.

1. The resume you sent to me and Grant looks quite good.
I think it makes sense to interview this person and we can help
you with a phone interview.

2. I have received another resume that looks very promising. I am
very interested in this guy and would be ready to bring him over
to the States  where we lack desperately technical talent.
Can you help us by interviewing him in Sydney?
The main determination I need from you is whether he can
function in a company like Enron. As any good academic
he sent his resume in a ps format and I shall fax you a copy in case
you don't have a PostScript reader on your system.

3. Christian Werner does some really neat things on
the weather front. I would like to determine if he can help
us to upgrade our systems. Can we bring him to Houston
for a week to discuss the weather forecasting  technology with  Mike
Roberts and Joe Hrgovcic? I think that he could learn a lot
from Mike and other weather guys here how we translate
weather info into business-related information. I shall be glad to
underwrite the cost of this trip.

Vince


The CPUC is going to consider eliminating direct access at its June 14th
meeting.  Please spread the word accordingly.


She is there in her capacity as WGSI until you agree with me that Enron
should oppose this bill.  Hint, hint.  Have you heard from Harry or Jim S.
or Parquet?  Mike

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:51 AM
To: MDay
Cc: Harry.Kingerski@enron.com; James.D.Steffes@enron.com;
'Jeff.Dasovich@enron.com'; Leslie.Lawner@enron.com; MDay;
Paul.Kaufman@enron.com; Susan.J.Mara@enron.com
Subject: RE: AB 23XX Bad Bill Alert

Thanks very much.  I'm assuming that Bev is there in her capacity as
lobbyist for Wild Goose on this one?

Can you please let me know 1) the outcome of the meeting and 2) any actions
the group intends to take.  I'm here in Sacramento, have alerted Hedy, told
her that we're trying to gather more intelligence, and that you and your
client are attempting to get folks together to mount opposition.  Give me a
call on my cell phone to fill me in on what the group decides.

Finally, what information do you have about where generators and other
large customers groups (i.e., CMTA, the Chamber and CLECA) are on the bill?

Best,
Jeff

MDay

<MDay@GMSSR.c        To:     "'Jeff.Dasovich@enron.com'"

om>                  <Jeff.Dasovich@enron.com>,

James.D.Steffes@enron.com

07/17/2001           cc:     Harry.Kingerski@enron.com,

12:38 PM             Paul.Kaufman@enron.com,
Susan.J.Mara@enron.com,
Leslie.Lawner@enron.com, MDay
<MDay@GMSSR.com>
Subject:     RE: AB 23XX Bad Bill
Alert

Jeff;
In response to your questions, I cannot explain why everyone missed this
bill in the past, I have raised it to the attention of my clients twice in
the last two months.  However, now that it is moving they have got the
message.  Williams (Kern River) is going to host a meeting today to create
a
coalition to oppose the bill.  Bev Hansen knows where the meeting will take
place.  In addition to Williams, I understand that Questar, WSPA, and other
retail customer groups will join the coalition and oppose the bill.  My
client Wild Goose will also be listed in opposition, but they don't carry
that much clout or name recognition so far.  I am hopeful that other groups
will surface soon.

As for the bill itself, the problem is two fold.  First, the CPUC decides
what infrastructure to build at the request of the utilities.  They take
input from customers, but Loretta is a command and control type all the
way,
and she will try to scare away private capital investment by interstate
pipelines by mandating that the utilities build a gold-plated
state-regulated system.  While the bill does not (and cannot legally) bar
interstate pipelines from coming into the state, it has provisions which
will prevent large customers from signing up with the interstates.  The
large customers have to commit to take firm service on a 5 year basis with
exit fees.  If they don't take this, they can only get interruptible
service
from the utilities.  Many if not all large customers, especially generators
cannot afford to take partial service from an interstate and have only
interruptible access to the LDC system.  This is the same dilemma that the
RLS tariff caused.  My belief is that the obligation on the part of the
commission to provide the utilities with cost recovery for the new
investments will be used as justification by the utilities for another
attempt to reinstitute the RLS tariff or an onerous peaking rate.  The
Commission will impose a premium price on service to customers who have not
undertaken the firm 5 year commitment and will therefore be unable to
economically take partial requirements service from an interstate.  My view
is based on Sempra's reaction to the current peaking rate proposed decision
and statements by Lynch's office.  This could interfere with Enron gas
sales
over the interstates, and would certainly threaten any Transwestern plans
for building across the border into California, although that does not
appear to be a high priority at this time.  This bill will also make it
more
costly to develop gas supply arrangments for new power plants which had
hoped to direct connect to interstate pipeline capacity for a portion of
their needs.

Please call if you have further questions.  Mike Day

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:09 AM
To: James.D.Steffes@enron.com
Cc: Harry.Kingerski@enron.com; Paul.Kaufman@enron.com;
Susan.J.Mara@enron.com; Leslie.Lawner@enron.com; MDay@GMSSR.com
Subject: Re: AB 23XX Bad Bill Alert

I've taken a quick look at the bill and have attached for easy viewing.
Few questions.

Mike,
I understand from our conversation yesterday that your following this on
behalf of Questar.  Do we know if the other pipelines have been active
in any discussions on this bill?
What about the generators?  Have then been involved, since presumably,
their in need of lots more capacity (and they're referenced in the
bill)?
What about large customers?  They been screaming for more
infrastructure, too, and many have blamed SoCalGas (and the PUC) for not
delivering it.
Do we know if pipelines, generators, large customers are supporting or
opposing the bill?  I'll try to check around, too, in between the
electric mayhem.
There doesn't seem to be anything in the bill that prevents the
interstates from building into the state.
If that's true, wouldn't the PUC take those projects into account when
doing its analysis and only require the utility to construct (and
noncore to take) capacity that isn't already being met by others (i.e.,
interstates) bringing pipe into the state?

Any info you can provide on these fronts would be very useful.  Don't want
Enron too far out in front of opposition until we find out a bit more
regarding 1) whose fer and agin it and 2) analysis of what the bill
actually does/does not do.

Thanks again for the heads up.

Best,
Jeff

(See attached file: 23XX.pdf)

James D

Steffes              To:     Harry
Kingerski/Enron@EnronXGate
cc:     Jeff
Dasovich/NA/Enron@Enron, Susan J
07/17/2001           Mara/NA/Enron, Paul
Kaufman/Enron@EnronXGate
07:43 AM             Subject:     AB 23XX Bad Bill
Alert

Harry --

Can you track down this bill and determine impact?  We'll discuss on
Thursday.

Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 07/17/2001
07:43 AM ---------------------------

MDay <MDay@GMSSR.com> on 07/16/2001 06:03:33 PM

To:   "'Bev Hansen, Enron lobbyist'" <bhansen@lhom.com>, "'Hedy Govenar,
Enron Sacto lobbyist'" <hgovenar@govadv.com>, "'Scott Govenar, Enron
lobbyist'" <sgovenar@govadv.com>, "'Harry Kingerski'"
<hkingers@enron.com>, "'Jim Steffes, Enron'" <jsteffe@enron.com>
cc:

Subject:  AB 23XX   Bad Bill Alert

Is AB 23XX moving with a chance of passage?   I just learned that this
Pescetti bill that was AB 1425 was revived as a 2X bill.  It is very
anti-competitive, and could hurt a number of TW, EES, or ENA gas deals by
binding customers to 100% utility service through the imposition of large
exit fees by the CPUC.  If there is a chance that it moves, we need to
discuss the effect of this bill.  Mike Day

http://info.sen.ca.gov/pub/bill/asm/ab_0001-0050/abx2_23_bill_20010625_amend

ed_sen.pdf


Toby - The participants to Transwestern's IOS are provided below.  Once you
provide me each bidder's Identification Code I will communicate this
information to the bidders.

Sempra
USGT/Aquila, L.P.
Texaco
Coral
Duke
Burlington
Oneok
Williams
Reliant
Amoco


To:; Mark Frevert;Greg Whalley;John Lavorato;Louise Kitchen;Mike
McConnell;Jeff Shankman;Philippe Bibi;Greg Piper;Jeff McMahon;Ray
Bowen;Rebecca McDonald;Jim Hughes;David Oxley;Robert W. Jones;Wes
Colwell;Mark Haedicke;Vince Kaminski;Phillip Allen;Tim Belden;Chris
Calger;Joe Deffner;Tim Detmering;Dave Duran;Joe Kishkell;Rob Milnthorp;Brian
Redmond;Gary Hickerson;George McClellan;Sally Beck;Brian Stanley;Keith Dodson;
;
Cc:; Niki Daw;Liz Taylor;Kim Hillis;Tammy Schoppe;Cathy Phillips;Jennifer
Burns;Peggy McCurley;Tina Spiller;Sue Ford;Marsha Schiller;Loretta
Brelsford;Connie Blackwood;Julie Clyatt;Lisa Costello;Shirley
Tijerina;Janette Elbertson;Shirley Crenshaw;Ina Rangel;Deborah
Davidson;Mollie Gustafson;Megan Angelos;Susan Fallon;Tina
Rode;G.G.Garcia;Manuela Cappelletto;Lillian Carroll;Judy Zoch;Angie
Collins;Patti Thompson;Nicola Blancke;Barbara Hooks;
;
Bc:; Sheila Knudsen;Carol Coats;


Thanks Andrea

 -----Original Message-----
From: 	Dahlke, Andrea
Sent:	Monday, December 03, 2001 8:56 AM
To:	Arora, Harry
Subject:	Kristi DeMaiolo

Hey Harry!

I wanted to get you Kristi DeMaiolo's information before things started getting crazy today.

Take care!

Andrea

kristide2001@yahoo.com


Daren, per review of the Gas agreements between Tenaska IV and
Williams/Apache and our understanding of the Agency agreement, I had a few
items I  wanted to discuss with you (in lieu of our meeting today that was
cancelled):

1. Looking at the October gas supply to the plant, I think Tenaska IV should
have been charged at the contract prices with Williams & Apache (i.e.  2.285)
and not at what the final price that was actualized per Megan's summary -
230,406 at $710,616.70, price of $3.084.  If this volume was charged  at
2.285 the total would have been $526,477.71, a difference of $184,138.99.

2. Looking at the November gas supply to the plant, Tenaska IV was charged
$2.91 per MMbtu, instead of $2.285 for volumes of 267,300.  At the $2.91
price, the total settlement price was $777,843 instead of $610,780.50 at
2.285, showing a difference of $167,062.50.

I reviewed the gas supply agreements and the Williams gas price (pg. 19) for
2000 gas is 2.32, which can be adjusted by the Waha Transportation Adjustment
if delivered at Waha.  This adjustment started in 1997 at $.03 per MMbtu and
increase by 5% per year.  Thereby currently, the adjustment factor is at
.0347, giving us a price of $2.2853 per MMbtu.

In reviewing the Apache gas agreement (pg. 22), I noticed that the gas price
is 2.285 at Waha & 2.315 at Katy/Carthage for 2000.  Per review of the Apache
invoices, it appears that we are not getting our gas at these points but at
other places (i.e. Lomak-Sterling & Mendell CDP) at a price of $2.175.  If
Enron has a separate agreement at these delivery points and can capture a
margin difference then that is upside to Enron.  However, I think the plant
should not be charged above the contract price of $2.285.

Looking at the daily gas that was scheduled to the plant for November and
October, I did not see that their use went over the contracted volumes from
Williams and Apache of 45,000 MMbtu per day.  Therefore I don't think spot
prices are part of the equation here.  Additionally, I recall from our
meeting last month that all Enron makes on this deal is the Agency Fee of
$.04 per MMbtu (excluding the margin difference that Enron has on Apache gas
delivery points if my scenario above is correct).

So based upon items 1 & 2 above, I am suggesting that Tenaska IV adjust their
November invoice owed to Enron for gas used by the plant by the gas price
differences showed above.  Therefore, I am planning to wire a payment of
$484,234.03 (see breakout below) on Friday, 12/22, to Enron on behalf of
Tenaska IV Texas Partners, Ltd. for this activity.

  Month   Plant Gas Price Amount
  November  267,300  2.91 $777,843
  November adjustment    $(167,062.50)
  October adjustment    $(184,138.99)
  Nov. Agency Fee 1,350,000 .04 $54,000
  Sept. Agency Fee 98,813  .04 $3,592.52
       Total $484,234.03

I discussed these issues with Mike Mazowita, Rick Hill & Jody Pierce before
reaching this conclusion.  Should you have any different ideas or thoughts
that I am not covering, please call me at 3-7280 and we can discuss.  Thanks.

James


Ouch
--------------------------
Sent from my BlackBerry Wireless Handheld


Ruth,  Attached is a redline and clean version of the amendment.  I added the language we discussed on the phone.  I also added paragraph and associated changes to make it clear that this pricing doesn't comment until December 1, 2001.


Juiced

By Julia King and Gary H. Anthes
(Nov. 20, 2000) Wall Street analysts and oil industry executives were thick
among the legion of skeptics who thought Enron Corp. President and Chief
Operating Officer Jeff Skilling was nuts to launch a Web site for the trading
of natural gas and electricity over the Internet.
That was last November, before EnronOnline locked up more than $120 billion
in transactions in its first few months of operation, quickly establishing
itself as the world's largest e-commerce company. As of Oct. 11, just prior
to Enron's report of its third-quarter earnings, EnronOnline had executed
more than 350,000 transactions, representing a gross value of $183 billion.
Since then, the $40 billion Houston-based energy giant has elbowed its way
into several new diversified markets. And it plans to continue its push into
many more, ranging from railcar cargo space to broadband networking and
data-storage capacity.
In doing so, Enron is turbocharging its transformation from a stodgy,
old-line fuel company to an entirely new kind of business-to-business market
maker, with information technology and an all-out emphasis on
entrepreneurship at the heart of its New Economy operations. Enron has been
so successful in leveraging IT to pioneer new markets that others are trying
to emulate its approach.

First to Market
"Enron often introduces a product before the competition even senses a market
exists," the company says in its latest annual report. A prime example:
online trading of data-network capacity.
Indeed, "there's a low degree of awareness [among carriers] about the
bandwidth-trading business," and Enron is ahead of the game, says Seth Libby,
an analyst at The Yankee Group in Boston.
At present, there are only a handful of network professionals who are aware
of these capacity commoditization plans, says Libby. But not for long,
asserts Enron President?? Jeff Skilling. "Within five years, the bandwidth
market may be bigger than the gas and electric markets," he says. "So for us,
it could be as big as the rest of our existing energy business." That's
currently a $35 billion business.
But critics say trading bandwidth is much more complicated than trading gas,
especially for a company with little depth in telecommunications. And critics
add that although carriers stand to benefit from the ability to buy and sell
capacity, they might prefer to do it through some channel that's independent
of the control of a single market maker like Enron.
"Enron's argument is that its trading capabilities are the differentiator,
and that it need not have deep telecom expertise," says Lisa Pierce, an
analyst at Giga Information Group in Stamford, Conn. "But I'm not convinced
it's that simple. Technology isn't a long-term competitive differentiator."
Houston-based Enron Broadband Services Inc., formed last year, offers IP
transport on its 15,000-mile fiber-optic network. Enron Broadband Services
also trades - that is, makes a market by buying and selling - network
capacity to and from other data carriers, conducting some of the transactions
on EnronOnline.
Enron Broadband Services also offers content-oriented services, such as a
video-on-demand service it will market with Dallas-based Blockbuster Inc. to
home viewers starting next month.
"When we started the gas business, they told us we were nuts," Skilling says.
"They said, 'You're going to sell gas but not own production? How does that
work?' Then we did electricity and they said we were nuts again, and even
louder than before. They said this stuff moves at the speed of light; you can
never create a market. Then in telecommunications, they said we were nuts
again."
Despite its share of skeptics, some experts like Enron's prospects in this
space. "I think aspects of this have the potential to be very big," says
Libby. "The carriers like the idea of instantaneous provisioning. And I think
it has a lot of potential [for] . . . selling it to businesses and giving
them the ability to cut their costs significantly by buying it as they need
it."

"We aspire to that kind of model," says Fred Buehler, director of electronic
business at Eastman Chemical Co. in Kingsport, Tenn.
"In every sector, there will be one or two innovators who get out front and
do things differently to create shareholder value," Buehler says. "We're
trying to be one of them."
Market Maker
Stroll through the gas-trading section on the 32nd floor of Enron's
glistening 50-story headquarters, and the company's technological
sophistication is immediately evident. Traders like 26-year-old John Arnold,
who personally executes about $1 billion per day in trades, have real-time
access to virtually any information that might affect their split-second
buy-and-sell decisions.
That information might be a meteorologist's prediction of a
colder-than-normal winter across the Plains states or a live news report of
political instability in an oil-producing country in the Middle East.
Behind the scenes, all of Arnold's trades are instantly analyzed and
processed by a sophisticated, proprietary risk-management system and then
updated across multiple back-end computer systems worldwide. Less than a year
after launching the operation, 60% of the world's gas is traded on
EnronOnline.
"What we are doing, no one in the industry did 10 years ago. Eighty percent
of our income this year is from businesses that didn't exist 10 years ago,"
says Skilling.
For example, EnronOnline contributed heavily to its parent company's
third-quarter earnings, which were up 31% to $292 million, compared with the
same period last year.
"The change is technology-driven," Skilling adds. "We couldn't do what we do
without massive amounts of computing capability." In this regard, Enron joins
a short list of companies that includes Wal-Mart Stores Inc., FedEx Corp. and
American Airlines Inc., which famously pioneered various mission-critical IT
techniques to leapfrog competitors and create a whole new class of IT-enabled
industry leaders.
Among Enron's boldest ideas is its use of a single, powerful software-based
trading platform to insert itself as a principal buyer or seller in hundreds
of different markets. Currently, Enron trades more than 1,000 different
commodities, such as gold, natural gas and metals, on EnronOnline.
"The core of our business is our business model, which is a centralized
risk-management and market-making business model. It just so happens that the
Internet is just perfect for improving the efficiency of that model,"
Skilling says.
But as a market maker, EnronOnline stands alone. For starters, unlike most
other Internet marketplaces, it's free. There are no transaction fees or
catalog, inventory or subscription costs for users.
"Enron has broken away from the pack in the last year, in terms of their
capital growth," says Ian Wylie, vice president of e-business at BP Amoco PLC
in London. "And e-business is responsible for a lot of this change."
Even more unusual is Enron's role as a principal in each transaction. That
means Enron is either the buyer or seller in every trade in which it's
involved, unlike market makers that simply act as matchmakers between buyers
and sellers.
In fact, Skilling, as well as Mike McConnell, who heads EnronOnline's global
expansion efforts as president and CEO of Enron Global Markets LLC, dismisses
much of the current hyperactivity surrounding other fee-based
business-to-business exchanges as a flash in the pan.
"[Many of the] B2B guys think all you have to do is set up a bulletin board
and people will start transacting, but it doesn't work that way," Skilling
says. "You need to know you can deliver if push comes to shove."
As either the seller or buyer in all of its trades, Enron, an established
brand name with 32,000 miles of pipeline and deep financial pockets,
guarantees delivery or payment on all trades that are executed on
EnronOnline.
"We're creating markets that were highly illiquid, so someone has to put
their reputation on the line to say, 'We'll deliver,' " Skilling says.
But guaranteeing delivery also requires having guaranteed access to physical
assets such as network bandwidth and papermaking plants. Guaranteed access
also ensures marketplace liquidity. For Enron, this is where the bricks and
mortar come in.
For example, to help drive its liquidity in the pulp and paper market, Enron
paid $72 million in July for Garden State Paper Co., a recycled-newsprint
mill in Garfield, N.J.
Skilling's current market fancy is metals, and in May, Enron bought MG PLC, a
London-based metals marketer. "You have to break the liquidity logjam, and to
do that, you have to take a risk position," Skilling says.
But once the logjam is cleared, Enron is just as likely to sell off the
brick-and-mortar assets it acquired and use the cash to invest in new
business.
For example, to finance its new bandwidth-trading operation, Enron is selling
Portland General Electric Co., a Portland, Ore.-based power producer that it
bought in 1997, so it could bring liquidity to and guarantee trades in the
online electricity market.
Eventually, Enron may end up trading commodities that aren't even considered
commodities - at least not at the moment - such as data storage capacity or
empty railcar space.
"Might we move into sauces or meats or grains? Potentially," says McConnell,
who was Enron's de facto CIO before moving into his current role.
"You have to be creative every day," McConnell says. "You have to be
open-minded to trying new things."
But what remains constant throughout all the upsizing and downsizing is
Enron's core IT-enabled business model, which is what puts it in a class of
its own, analysts say.
"People have talked a lot about systems that they're about to roll out, but
there is just not much out there for direct trading," says Mike Heim, an
energy analyst at A.G. Edwards & Sons Inc. in St. Louis. "Enron rolled out
its technology 10 months ago, and still there isn't much else out there.
There hasn't been much competition [because] there isn't anybody in the same
class."
But just last month, Houston-based Dynegy Inc. launched Dynegydirect, an
Internet-based, commission-free trading site for energy and communications
commodities.
Also last month, IntercontinentalExchange in Atlanta, whose partners include
BP Amoco and The Hague-based Royal Dutch/Shell Group, added natural gas and
power to its online trading system, which already included precious metals
and crude oil.
Skilling doesn't get called "nuts" much anymore. In fact, he's a darling on
Wall Street, where Enron's stock has soared from around $40 per share last
November to $81 as of this Nov. 2. As a result, Enron - by all accounts, an
Old Economy gas pipeline company until 12 months ago - is widely regarded as
a New Economy pioneer.
Says Skilling, "We like to say we were B2B before there was B2B."

Thriving On the Unconventional
As head of two Enron pipeline subsidiaries, Mike McConnell knew a lot more
about gas flows than he did about data flows last year when he got a surprise
call from Enron President and Chief Operating Officer Jeff Skilling.
Recalls McConnell, "Jeff went into this whole thought process about how the
Internet is changing everything. He said, 'We need to make Enron an
e-business, and I need a guy that can run this as a business. We need to
change the way we view technology.'
"I thought he was a little crazy and I said, 'Jeff, I'm not a technology
person at all,' He said, 'No, seriously - this is going to be big.' So I took
over as CEO of Enron Global Technology," and thus became the company's de
facto CIO, McConnell explains.
Appointing a person with no technology background to the top IT post is an
unusual move. But Enron often defies convention and typically thrives as a
result. Indeed, Enron boasts an entrepreneurial culture that's unusual in
large, long-established companies, and in utilities firms in particular.
McConnell relates the tale of how 29-year-old Louise Kitchen, Enron's head
gas trader in Europe, spearheaded the creation of an online gas-trading
system, recruiting IT people from elsewhere in the company to do the
development work. Word of the Web-based platform, EnronOnline, which is
literally remaking the company, didn't reach top management until a few weeks
before it went live.
Kitchen enlisted the support of Enron's initially skeptical top traders, and
she scoured the company for software developers and other experts. Her small
army of volunteers worked nights and weekends on the project while carrying
on with their regular jobs.
"It's an amazing story about not getting corporate approval and going through
all the bureaucracy," McConnell says. "No one went to the board and said, 'We
want to change the way we trade.' You just do it."
Glowing Endorsement
Soon after McConnell became the de facto CIO of the $40 billion energy
company, he joined eight of Sun Microsystems Inc.'s top Houston customers at
a breakfast hosted by Sun CEO Scott McNealy.
"I was very nervous," recalls McConnell, 40. "I mean, McNealy is the guy, and
here I know nothing about technology. I'd been on the job maybe two weeks."
McNealy asked the attendees - all but McConnell were middle-aged CIOs with
many years of IT experience - to introduce themselves in turn.
"When Scott came to me, I said, 'I'm the CEO of Global Technology, and we
want to be the leader in B2B commerce in the world.' He kind of sat back and
said, 'How long have you been in the IT business?' " McConnell explains. "
'About nine days,' I said, 'and we are going to take a little bit different
approach to technology.' Scott chuckled and said, 'That sounds like Enron; it
always looks at things differently.' He then stated that my CEO title and
Enron's approach were very unusual but that it would be more commonplace
soon, as this was the way of the future."
McConnell says McNealy's endorsement had "a huge impact" on how he structured
IT at Enron during the following year.
"I realized that we weren't too late to change our approach and take a
commercial view of technology," he says - a view of IT as an integral part of
the business, not as something that supports business functions. "None of the
other companies were thinking our new way at all."
Taking a commercial view of IT has led to a blurring of the line that
traditionally separates IT organizations from the business units they
support. When McConnell became CEO of Global Technology, Enron had five CIOs
who were predominantly operating independently inside the company's major
lines of business.
"Each CIO had his own agenda, his own thought process, his own goals, and
they did not communicate at all," he says.
McConnell established corporate standards for IT, created a management team
that included the five CIOs and put all IT people under a new chief
technology officer, Philippe Bibi.
But IT is far from centralized at Enron. "We wanted to make people think
about technology not as IT and support, but as an extension of your
business," he explains. "So we seeded people out into the business units.
[IT] directs the performance review process, but the business units have the
greatest influence on where the person actually ranks and is rated."
Firms like Enron that merge IT departments with the business units they serve
will be the winners among fast-paced e-businesses, says IT organization
expert Robert Zawacki, president of Zawacki and Associates in Colorado
Springs and a professor emeritus at the University of Colorado, also in
Colorado Springs. "We need more entrepreneurial leaders in IT, and
[McConnell] is certainly one," he says.
IT makes it easier to be entrepreneurial, says McConnell, who is now
president and CEO of Enron Global Markets. "We really do like to try things
and see what happens, and when you have an electronic platform like
[EnronOnline] that we can model into different sectors, it's very inexpensive
to try it. We are not afraid; if it's not working, we'll just stop." - Gary
H. Anthes and Julia King


I need ten minutes of your time to review the discussion database concept that was requested by Frank Vickers back in Febuary.  The purpose of the meeting is to discuss the merits of the project, make a decision on whether we move forward and if we do move forward whose budget this would impact..  Find attached a description of the project with a cost estimate ($10,560).
I have scheduled EB3259 at 5:00PM 4/24/01, if you cannot make it please let me know.
Thanks,
Sean


ISO Market Participants:

  Today, the ISO closed the market on the preliminary invoice
for November 2000.  Market Participants failed to submit payment for
$666,733,525.86 of the $684,192,841.46 due.   As a result, the ISO is
reducing its payments to creditors for this invoice pro rata by
approximately 98.2%.  We would like to inform you of the actions we are
taking in compliance with ISO Tariff Section 11 and Settlements and Billing
Protocol ("SABP") Section 6 as a result of this shortfall in receipts.  We
have included in the discussion below appropriate references to these rules.

  The defaulting parties, and the amounts owed compared with
amounts remitted to the ISO are listed below:

 Amount Owed  Amount Paid to ISO Default
Market Obligations:
California Power Exchange $665,901,646.69  $0.00
$665,901,646.69
Pacific Gas & Electric $456,055.69  $68,408.35  $387,647.34
Non Defaulting Parties: All Others $2,915,181.62  $2,915,181.65
($0.03)
Subtotal $669,272,884.00  $2,983,590.00  $666,289,294.00

Grid Management Charge Obligations ("GMC"):
California PX $11,930,107.98  $11,930,107.98  $0.00
Bonneville Power Administration $83.00  $0.00  $83.00
Koch Energy Trading $331.73  $0.00  $331.73
Salt River Project $326,655.17  $0.00  $326,655.17
Southern California Edison $117,161.93  $0.00  $117,161.93
Non Defaulting Parties: All Others $2,545,617.65  $2,545,617.65
$0.00
Subtotal $14,919,957.46  $14,475,725.63  $444,231.83

Total, Market and GMC $684,192,841.46  $17,459,315.63
$666,733,525.83

Reserve Account Balance  $9,573,886.12

As allowed in the ISO Tariff, these parties did not maintain Security
postings with the ISO, and accordingly the ISO cannot recover funds from
such instruments.

The California Power Exchange ("PX") has advised the ISO that due to
multiple defaults in the PX markets, the PX will be unable to remit funds to
the ISO until the PX calculations are completed to determine the funds
available for distribution to the ISO.  The PX has indicated that they will
keep the ISO apprised of their progress in these calculations and will remit
appropriate funds as soon as possible.  The ISO has no assurances as to the
amount of funds the PX will remit to the ISO after the completion of these
calculations.  The ISO has been advised by the PX that Pacific Gas &
Electric has paid the PX $45 million, San Diego Gas & Electric has paid to
the PX their bill of $11.3 million in full, while Southern California Edison
has not remitted any funds to the PX.

The ISO had available in its Reserve Account (see Section 11.14 of the
Tariff) a total of $9,573,886.12.  These funds were available to offset, to
a minor degree, the short payments noted above and have been used to do so.

As noted above, certain parties have defaulted on their Grid Management
Charge ("GMC") obligations to the ISO.  The ISO has a priority claim to the
collection of its GMC.  As a result of non-payment of the GMC by the parties
listed above, the ISO reduced the amounts payable to market participants by
a total of $444,231.83 to satisfy the ISO's GMC obligation.  This action was
consistent with Settlements and Billing Protocol section 6.3.1.3.
Additionally, for those parties who defaulted on their GMC obligation to the
ISO, but who were to receive funds from the market, the ISO has reduced
their payout to reflect their GMC default.

   SABP 6.3.1.3
   The ISO is authorized to instruct the ISO Bank to
debit the ISO Clearing Account and transfer to the relevant ISO account
sufficient funds to pay in full the Grid Management Charge falling due on
any Payment Day in priority to any other payments to be made on that or on
subsequent days out of the ISO Clearing Account.

  As a result of these factors, the ISO has reduced payouts to
ISO Creditors pro-rata by approximately 98.2%, according to section 11.16
(and SABP 6.7.4) of the tariff.   Payouts at this time are approximately
1.8% of amounts owed.

   11.16.1 Pro Rata Reduction of Payments.
   If it is not possible to clear the ISO Clearing
Account on a Payment Date because of an insufficiency of funds available in
the ISO Reserve Account or by enforcing any guarantee, letter of credit or
other credit support provided by a defaulting Scheduling Coordinator, the
ISO shall reduce payments to all ISO Creditors proportionately to the net
amounts payable to them on the relevant Payment Data to the extent necessary
to clear the ISO Clearing Account.  The ISO shall account for such reduction
in the ISO ledger accounts as amounts due and owing by the non-paying ISO
Debtor to each ISO Creditor whose payment was so reduced.

  The calculation is shown below:

Market Default   $666,289,294.00
Plus: GMC Deficiency recovered from Market    $444,231.83

Total Market Default   $666,733,525.83

Total Market Accounts Payable   $668,198,324.97

Funds Available (Market Amount Paid less GMC Deficiency recovered from
market)
     Amount Paid to ISO  $2,983,590.00
     Reserve Account  $9,573,886.12
     Less: GMC deficiency recovered from Market  ($444,231.83)

     Total Funds Available for payout  $12,113,244.29

Payout Ratio (Funds Available for payout / Market Accounts Payable )
1.81%

The ISO has today effected a wire transfer for a total of $12,113,244.29.
However, due to delays, the wire transfer will likely have a value date of
Monday, February 5.

In accordance with Section 11.12 (and SABP 6.10.5) of the tariff, the ISO
will assess the defaulting parties interest at the ISO Default Interest Rate
(currently 10.5%:  prime plus 2%) commencing today, and will continue
charging interest until the amounts are collected.

In accordance with Section 11.20.2, the ISO will provide to market
participants, upon request, supporting documentation relating to their
claims against defaulting parties.  The ISO is currently compiling this
documentation.

   11.20.2 Evidence of Unpaid Amount.
   The ISO shall, on request, certify in writing the
amounts owed by an ISO Debtor that remain unpaid and the ISO Creditors to
whom such amounts are owed and shall provide certified copies of the
relevant Preliminary and Final Settlement Statements, invoices, and other
documentation on which the ISO's certificate was based to the ISO Debtor and
the relevant ISO Creditors.  An ISO certificate given under this Section
11.20.2 may be used as prima facie evidence of the amount due by an ISO
Debtor to ISO Creditors in any legal proceeding.

  The ISO will report further details on this situation when
available.

  Phil Leiber
  ISO Treasurer and Director of Financial Planning
  (916) 351-2168


I think Alicia fixed this last week.  Take a look and let me know.

Jeff A Crook
04/29/2000 10:51 AM
To: Chris Germany/HOU/ECT@ECT, David Oliver/HOU/ECT@ECT
cc: Audrey Cook/HOU/ECT@ECT
Subject: Re: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

David,

As per my conversation with Chris Germany on Friday, 04/28, we these volumes
are only being billed under FirstEnergy.  Please make appropriate changes in
Sitara.

Let me know if you need further information.

Thanks,
Jeff
---------------------- Forwarded by Jeff A Crook/HOU/ECT on 04/29/2000 10:48
AM ---------------------------

	From:  David Oliver                           03/30/2000 04:51 PM

To: Jeff A Crook/HOU/ECT@ECT, Steve Jackson/HOU/ECT@ECT
cc:
Subject: Re: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

Jeff,

Can you make sure that we aren't doubling a deal with Belden.  If not we will
pay them 2.649.

Thanks,

David

---------------------- Forwarded by David Oliver/HOU/ECT on 03/30/2000 04:50
PM ---------------------------

	From:  John M Singer @ ENRON                           03/29/2000 05:41 PM

To: David Oliver/HOU/ECT@ECT
cc:
Subject: Re: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

Belden sold their Marketing company to FirstEnergy.  My sale to Belden for
2,500/day TZ4 @ $2.649/Dth was part of that sale to FirstEnergy.
John

David Oliver@ECT
03/29/2000 03:48 PM
To: Steve Jackson/HOU/ECT@ECT, Jeff A Crook/HOU/ECT@ECT, John M
Singer/Corp/Enron@ENRON
cc:

Subject: Re: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

John,

Can you please help with this deal.  The original CES information shows a
purchase from equitable and a sale to Belden at the price of 2.649.  Has
First Energy bought Belden, or is the First Energy deal different.

Thanks,

David

---------------------- Forwarded by Stephanie Sever/HOU/ECT on 03/27/2000
04:50 PM ---------------------------

Jeff A Crook
03/27/2000 12:39 PM
To: Dana Daigle/Corp/Enron@ENRON
cc: Stephanie Sever/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT
Subject: FirstEnergy Trading Services, Inc. - 0002 - Rate Discrepancy

Customer is short paying on deal 157848.  ENA billed 72,500 @ $2.76 and
customer is paying at rate of $2.649.  As per Dcaf and Sitara rate should be
IF-CGAS-Appalachia-MI which is equal ot $2.76.  Please confirm rate for this
deal.

Thank you,
Jeff


All

I will be taking the following days off work:
Thursday 9th March (all day)
Friday 10th March (all day)
Monday 13th March (all day)
Tuesday 14th March (all day)
Wednesay 15th March (morning only)

Steve


----- Forwarded by Tana Jones/HOU/ECT on 09/28/2000 03:21 PM -----

	carrd2@tdcibg.com
	09/28/2000 01:04 PM

		 To: Tana.Jones@enron.com, Sara.Shackleton@enron.com
		 cc:
		 Subject: Prepay

Alberta law is OK.

---------------------- Forwarded by Dan Carr/CIBG/TDBANK on 09/28/2000 02:08
PM
---------------------------

Dan Carr
09/28/2000 01:48 PM

To:   Tana.Jones@enron.com, Sara.Shackleton@enron.com
cc:
Subject:  Prepay

Attached please find the revised draft Schedule.

(See attached file: Enroncan.doc)

Regards,
Dan Carr

 - Enroncan.doc


Allan,
Thanks, I'll add them to the list.  I would appreciate a self appraisal
feedback form on yourself with your list of accomplishments to date.  (I know
it is hard to put together when you've been here for as long as you have).

mike

	Enron North America Corp.

	From:  Allan Sommer @ ENRON                           06/13/2000 03:55 PM

To: Mike McConnell/HOU/ECT@ECT
cc: Cathy Phillips/HOU/ECT@ECT
Subject: PRC Process

Mike,

I am sorry to hear that you are under the weather - please let me know if
there is any support I can provide you.  On another topic - would you please
add the following people to my list of reviewers (Robert Jones, Jay
Fitzgerald, Steve Horn, Philipe Bibi, Louise Kitchen, Drew Ries, Ellen
Fowler, Larry Isso, Fred Kelly).  I am afraid that my list was approved
before I was able to add any of the above people.

Thanks

Allan Sommer


GTC personnel told us that NETCO will not be able to obtain transmission on GTC until EPMI's bill is paid.  We will address this issue further with GTC after a formal submission of a transmission request from NETCO.

Valid or not, this could delay implementation of transmission on GTC.


Joe,

This is the most recent offer from Lacima
(weather derivatives course). What do you think?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/19/2001
07:15 PM ---------------------------

"Julie" <julie@lacimagroup.com> on 02/19/2001 03:19:45 PM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: weather course

Vince,
Enron is fine (although I think we have to pay for the Hyatt anyway).
?
Good discount (I have a feeling that my idea of a good discount and the
weather desk's idea is probably different?):? for the one day, $1100 per
person.? If you think that there will be?around 10 people or more,  then we
can offer a day rate, regardless of the number of people.?
?
Thanks Vince
?
Julie
?
PS - Of course when I announced that we were cancelling, people started
responding that they wished to attend.? Ugh!
?
----- Original Message -----
From:  Vince.J.Kaminski@enron.com
To: Julie
Cc: Vince.J.Kaminski@enron.com
Sent: Friday, February 16, 2001 4:05  PM
Subject: Re: weather course

Julie,

Enron location makes more sense. No reason to  pay for the hotel.
Also, I think that one day makes more sense.

I  contacted the weather desk about including other people at the  training
course. I think that they would be interested if they got a good  discount.

Vince

"Julie" <julie@lacimagroup.com> on  02/16/2001 09:39:37 AM

Please respond to "Julie" <julie@lacimagroup.com>

To:??  <Vince.J.Kaminski@enron.com>
cc:
Subject:?  Re: weather course

Vince,

Great. Just to let you know,  we decided not to wait on the indecisive
ones, and postponed the open  course. It's yours, whatever you want: ? 1
day (specific to what you  feel will be of the most benefit), 2 days, Hyatt
or? Enron, or not at  all. I hope this doesn't cause problems for you.
Special deal, for sure. I  owe my godfather.

Julie

----- Original Message  -----
From:? Vince.J.Kaminski@enron.com
To:  Julie
Cc: Joseph.Hrgovcic@enron.com
Sent:  Thursday, February 15, 2001 3:16? PM
Subject: Re: weather  course

Julie,

That's definitely an option.

We  can? provide the room. Maybe we can cut with you a special deal  for
Enron
and? increase the # of people attending. I am forwarding  your message to
our? weather  desk.

Vince

Joe,

What do you think about?  it?

Vince

"Julie" <julie@lacimagroup.com> on?  02/15/2001 08:20:24 AM

Please respond to "Julie" <julie@lacimagroup.com>

To:  ? "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject:  ? weather course

Vince,

We just wanted to let you  know? that we only have 3 people signed up for
the
weather  derivatives course? (all from Enron) so far. We have a couple  more
that have expressed strong? interest, but we are awaiting their  final
decision. If no one else signs? up, Chris and Les thought that  you guys
could probably get through the? first day pretty easily, and  thus thought
it
may be an option to teach just? the 2nd day  material (pricing) only at
Enron
(doing it at the Hyatt is an?  option as well but the room might be on the
large side)? We would?  obviously reimburse you for the day not taught. We
can teach both days  as? well, but thought you may want to save some time.

I just  wanted to give? you some time to think about it. We will know where
we  stand on final? numbers by next?  Wednesday.

Julie


The use of cell phones and pagers has increased dramatically in the past few
years.  As a result the Accounts Payable department has seen a rapid increase
in the number of invoices and vendors.  With the higher volume, we have
reviewed our processes in order to continue our rapid payment cycle.

Although we encourage vendors to address their invoices to individual
employees, they often mail invoices directly to Accounts Payable.  At times
they fail to list the individual who uses the pager or cell phone.  In these
cases we return the invoice to the vendor.  If the employee is designated, we
try to track him/her down and forward the invoice.  The high level of
employee movement among jobs and locations at Enron has made this
increasingly challenging.  Either way, we end up doing something less
productive than paying invoices.

To maintain satisfactory response to our vendors and to reduce time necessary
for research, we request that employees who have pagers, cell phones, and
other individually billed items such as licenses, subscriptions, etc., pay
for them by personal check or charge card (if applicable*payment instructions
are usually indicated on the invoice) and request reimbursement through
employee expense reports.

By submitting these charges on your expense report, you can help us reduce
the amount of time spent researching and forwarding invoices, the number of
checks generated by Treasury, the number of vendors in our database, and the
turnaround time for payment of invoices.

Incidentally, Accounts Payable is currently installing a corporate-wide
web-based expense reporting system similar to what Enron International has
used for the past year.  This will make it even easier to file your expense
report and receive quick reimbursement.

We,d like to make this effective immediately.  If you have any questions or
suggestions, please contact the Accounts Payable department.


Start Date: 1/27/02; HourAhead hour: 17;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012717.txt


-----Original Message-----
From: 	Diamond, Daniel
Sent:	Wednesday, January 30, 2002 2:58 PM
To:	DL-NETCO Gas Traders; DL-NETCO Power Traders
Cc:	Forster, David; Mandola, Teresa; Mcquade, Jennifer
Subject:	**IMPORTANT** Stack Manager Users
Importance:	High

We are in the process of confirming that all traders are set up correctly and ready to trade when the system goes live.

We need to make sure that your Stack Managers are accessing the correct database. In order to do this, we need to know how you access Stack Manager:

1) Through Terminal Server (the one that opens up a desktop within a desktop and it actually appears that you have two Start buttons).
or
2) By opening the Stack Manager directly from your "native" desktop.

Please reply to this message with either a corresponding "1" or a "2" in the subject field.

If you're not sure which one you have, please contact myself x39673, Teresa Mandola x39807 or Jennifer McQuade x53614 and we'll come by your desk to help you.

Thank you,

Dan Diamond


yes

 -----Original Message-----
From: 	Conwell, Wendy
Sent:	Thursday, August 09, 2001 10:21 AM
To:	Zufferli, John
Cc:	Davies, Derek; Pernul, Sarah
Subject:	BP Corporation North America Transactions

John,

Are we papering ECC's financial trades with BP Corporation North America (BPCNA) under the ISDA that we have between ENA and BPCNA and just back to backing our trades between ENA and ECC???  I am not trying to be a pain in the butt...but... I just want to make sure we are covered.  Please advise.

Wendy


-----Original Message-----
From: 	Peter Melera <pmelera@calpine.com>@ENRON [mailto:IMCEANOTES-Peter+20Melera+20+3Cpmelera+40calpine+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, August 23, 2001 7:54 AM
To:	'dschool@enron.com'; West Real Time Group
Subject:	southpoint

 - Southpoint Gas Model.xls


Start Date: 4/26/01; HourAhead hour: 17;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042617.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM


ok.  everyone is panicing around here.  any thoughts?

-----Original Message-----
From: Hayslett, Rod
Sent: Wednesday, November 28, 2001 11:33 AM
To: Geaccone, Tracy
Subject: RE: Five Day Rolling Forecast

Just make sure you work with Kevin he made need assistance
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Peggy:  I will be at the meeting at 12:00, but will need to leave around 12:30 for a meeting with someone from London.  Our schedules wouldn't allow for any other time for us to get together, and I have some critical things to review regarding London.  --Sally

 -----Original Message-----
From: 	McCurley, Peggy
Sent:	Wednesday, May  16, 2001 1:11 PM
To:	Bartlett, Jeff; Beck, Sally; Berberian, David; Brown, Bill W.; Cummings, John; Douglas, Stephen H.; Fitzgerald, Jay; Gros, Thomas D.; Jones, Robert W.; Kanellopoulos, Drew; Perlman, Beth; Raghavan, Suresh; Roper, Kerry; Rub, Jenny; Shelby, Rex; Taylor, Mark; Wax, Brandon; Webb, Jay; Zipper, Andy
Cc:	Brandli, Christina; Cannon, Lydia; Castillo, Rosie; Costello, Lisa; Cromwell, Sheri L.; Escamilla, Grisela; Flores-Cuellar, Brenda; Jones, Susan; Keiser, Holly; Lewis, Barbara; Scott, Sherita; Spiller, Tina; Thompson, Patti; Weatherstone, Mary; Westbrook, Cherylene R.
Subject:	ENW Staff Meeting Reminder

The ENW Staff meeting for Thursday (05/17) will be held in EB27C2 from 12:00-1:30 pm.

Assistants:  Please let me know if your supervisor is unable to attend.  Thanks.

(I know that Mark Taylor and Tom Gros are out of the office).

Thanks -

Peggy McCurley
Office of the Chairman
Enron Net Works
(713) 853-1832
Peggy.McCurley@enron.com


Vince: Thanks for introducing me as a speaker at the Power2000 conference.

As per our conversation, please find enclosed my resume.

I will come to your office at 1:30 PM, Friday, May 12, 2000. Please let me
know if the dress code is casual or formal.

Thanks again for taking the time to talk to me regarding opportunities at
Enron.

 <<ResumeSanjeevKhanna.doc>>

___________________________________________________

Sanjeev K Khanna, M.Sc., P.Eng.
Director, Quantitative Risk Management
PG&E Energy Trading
1100 Louisina Street, #1000
Houston, TX 77094

Email: Sanjeev.Khanna@et.pge.com
Tel: (713) 371 6647, Pager 800-526-4095, Cell (281) 302-8468
___________________________________________________

PG&E Energy Trading and any other company referenced herein which uses the
PG&E name or logo are not the same company as Pacific Gas and Electric
Company, the California utility.  These companies are not regulated by the
California Public Utilities Commission, and customers do not have to buy
products from these companies in order to continue to receive quality
regulated services from the utility.
 - ResumeSanjeevKhanna.doc


Mr. Lavorato,

Hello.  Below are estimates on the vacation we discussed last week.  I
know that Jamaica was not a set destination but I really feel something
like the FDR Resort might be a good options for a family vacation.  One
of the biggest pluses is the nanny you are assigned upon arrival I think
most people find it really makes the vacation stress fee.  I will be
honest with you there are other resorts in the Caribbean that are nicer
but they are not family resorts.  Programs and things are offered for
children usually starting at 4 years (sometimes 3) of age nanny services
are not really provide and just babysitting that must be prearranged.  If
features like the nanny service are not as important to you then I will
make other suggestions.   I am not including rates on the Boscobel Beach
Resort because they just closed to do renovation that will last until
December 2001.  If you have any questions, need additional information,
or would like to set up reservations please do not hesitate to call or
E-mail.

Regards,
Crystal Schwartz

***ESTIMATES BELOW ARE SUBJECT TO AVAILABILITY AND PRICE CHANGE UNTIL
CONFIRMED WITH PAYMENTS NEEDED.***

ROUND-TRIP AIRFARE ON AMERICAN AIRLINES -
**CONNECTIONS IN MIAMI**
$625.00 PER ADULT
$437.00 CHILD FARE
**RATE IS SUBJECT TO AVAILABILITY AND PRICE CHANGE UNTIL CONFIRMED WITH
PAYMENTS NEEDED.  I HAVE BASED THE RATES ABOVE ON DEPARTURE FEBRUARY 21,
2001 - FEBRUARY 28, 2001 PLEASE WHAT YOU WOULD PREFER AND I WILL CHECK
FOR SEATING.

ROUND-TRIP AIRFARE ON CONTINENTAL AIRLINES -
***CONNECTIONS IN TAMPA**
$625.00 PER ADULT
$365.00 CHILD FARE
**SAME NOTES AND DATES AS ABOVE**

FDR RESORT -
PLEASE TAKE A LOOK AT THIS WEB SITE IF YOU HAVE TIME WWW.WHERE2STAY.COM
THEY HAVE PICTURE AND COMMENTS FROM CLIENTS WHO HAVE STAYED THERE IN THE
PAST YEAR.

ONE BEDROOM SUITE WITH NANNY - $4100.00 FOR 7 NIGHTS
TWO BEDROOM SUITE WITH NANNY - $5150.00 FOR 7 NIGHTS

=====
Vitol Travel Services
1100 Louisiana Suite 3230
Houston, Texas 77002
Phone - 713-759-1444
Fax - 713-759-9006

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
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---------------------- Forwarded by Phillip M Love/HOU/ECT on 02/21/2001
09:28 AM ---------------------------

From:  Veronica Espinoza @ ENRON
               02/21/2001 09:17 AM

To: Larry Joe Hunter/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Kim S
Theriot/HOU/ECT@ECT, Melinda Whalen/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT,
Janie Aguayo/HOU/ECT@ECT, Derek Bailey/Corp/Enron@ENRON, Kevin
Meredith/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Celeste
Cisneros/NA/Enron@Enron, Diane Anderson/NA/Enron@Enron, Tiffany
Williams/NA/Enron@Enron, Cindy Feldman/CAL/ECT@ECT, Patricia
Boulanger/CAL/ECT@ECT, Linda Sietzema/CAL/ECT@ECT, Sharon
Crawford/CAL/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Tanya
Rohauer/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Russell Diamond/HOU/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT,
David Baumbach/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON, Darron C
Giron/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Leslie Reeves/HOU/ECT@ECT,
Veronica Gonzalez/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Jean
Bell/HOU/ECT@ECT, Ken Curry/HOU/ECT@ECT, Richard Deming/NA/Enron@Enron
cc:
Subject: Credit Report--2/21/01


Guys, unfortunately, I think I'm going to have to bow out of our camping
trip this weekend. I have been rather ill over the last week and a half, and
I'm not sure that I'm up for the elements and all of the alcohol that are
involved in this weekend's festivities. I have been hoping to get better,
but between work and my cold, I don't think I'm up for it. Have fun and
please try not to make too much fun of the "silent one" while you are in a
wood kicking frenzy.

-----Original Message-----
From: Scott Palmer [mailto:Scott.Palmer@exodus.net]
Sent: Tuesday, December 12, 2000 10:41 AM
To: 'Ebner, Daniel'; 'Luis Gasparini'; 'Clint.Dean@enron.com';
'Rdonoghue@mphlegal.com'
Subject: RE: This weekend

I also have a small tent that can be borrowed if "the silent one" emerges
from the depths of the legal system to join us on our quest for physical
pain, inebriation, and large, uncontrollable fires.

-----Original Message-----
From: Ebner, Daniel [mailto:DEbner@JPI.com]
Sent: Tuesday, December 12, 2000 10:35 AM
To: Scott Palmer; 'Luis Gasparini'; 'Clint.Dean@enron.com';
'Rdonoghue@mphlegal.com'
Subject: RE: This weekend

Clint has spoken for the tent.

> -----Original Message-----
> From: Ebner, Daniel
> Sent: Tuesday, December 12, 2000 10:28 AM
> To: 'Scott Palmer'; 'Luis Gasparini'; Clint.Dean@enron.com;
> Rdonoghue@mphlegal.com
> Subject: RE: This weekend
>
> Does everybody have a tent.  I can bring an extra SMALL tent if needed?
>
>  -----Original Message-----
>  From: Scott Palmer [SMTP:Scott.Palmer@exodus.net]
>  Sent: Tuesday, December 12, 2000 8:24 AM
>  To: 'Luis Gasparini'; Ebner, Daniel; Clint.Dean@enron.com;
> Rdonoghue@mphlegal.com
>  Subject: RE: This weekend
>
>
>  I'm in for that.
>
>  BTW - pack a change of warm clothes, and I'd suggest some kind of
> light
>  nylon coat.  It might drizzle that day.
>
>  -----Original Message-----
>  From: Luis Gasparini [mailto:lgasparini@simpletel.com]
>  Sent: Monday, December 11, 2000 4:37 PM
>  To: Ebner, Daniel; Scott Palmer; Clint.Dean@enron.com;
>  Rdonoghue@mphlegal.com
>  Subject: RE: This weekend
>
>
>  Do you guys want to go in on some New York Strip steaks?  I can pick
> up some
>  in bulk at Sam's and marinade them over night.  There are usually 4
> eight to
>  ten ounce steaks per package for around $20.  They are pretty good
> quality.
>
>  If we do it, should I get one or two packages?  I'm thinking two
> (unless
>  Scott is bringing Hunter, who we can BBQ instead).
>
>  -----Original Message-----
>  From: Ebner, Daniel [mailto:DEbner@JPI.com]
>  Sent: Monday, December 11, 2000 3:00 PM
>  To: 'Scott Palmer'; Ebner, Daniel; 'Clint.Dean@enron.com'
>  Cc: 'Rdonoghue@mphlegal.com'; 'lgasparini@simpletel.com'
>  Subject: RE: This weekend
>
>
>  Sounds good to me.  5 o'clock.   Just kidding.
>
>  > -----Original Message-----
>  > From: Scott Palmer [SMTP:Scott.Palmer@exodus.net]
>  > Sent: Monday, December 11, 2000 3:02 PM
>  > To: 'Ebner, Daniel'; 'Clint.Dean@enron.com'
>  > Cc: 'Rdonoghue@mphlegal.com'; 'lgasparini@simpletel.com'
>  > Subject: RE: This weekend
>  >
>  >
>  > So did we get a consensus on the time?
>  >
>  > -----Original Message-----
>  > From: Ebner, Daniel [mailto:DEbner@JPI.com]
>  > Sent: Monday, December 11, 2000 2:54 PM
>  > To: Scott Palmer; 'Clint.Dean@enron.com'
>  > Cc: 'Rdonoghue@mphlegal.com'; 'lgasparini@simpletel.com'
>  > Subject: RE: This weekend
>  >
>  >
>  > I think I'd have a short position in camp fire wood.  I see the
> intrinsic
>  > value spiking upward (due to need for warmth) then crashing down
> (as it
>  > turns to ash).
>  >
>  > However, I'm always long Beam.
>  >
>  > > -----Original Message-----
>  > > From: Scott Palmer [SMTP:Scott.Palmer@exodus.net]
>  > > Sent: Monday, December 11, 2000 2:47 PM
>  > > To: 'Clint.Dean@enron.com'
>  > > Cc: 'Ebner, Daniel'; 'Rdonoghue@mphlegal.com';
>  > > 'lgasparini@simpletel.com'
>  > > Subject: RE: This weekend
>  > >
>  > >
>  > > Not so fast, Clint.... for $4.50 you just get the wood, you
> don't get an
>  > > option to kick the wood.
>  > >
>  > > I'm writing December Wood-kicking calls for $1, who's
> buying....?
>  > >
>  > > -----Original Message-----
>  > > From: Clint.Dean@enron.com [mailto:Clint.Dean@enron.com]
>  > > Sent: Monday, December 11, 2000 2:37 PM
>  > > To: Scott Palmer
>  > > Cc: 'Ebner, Daniel'; 'Rdonoghue@mphlegal.com';
>  > > 'lgasparini@simpletel.com'
>  > > Subject: RE: This weekend
>  > >
>  > >
>  > >
>  > > Wow, the wood I can kick!!!
>  > >
>  > >
>  > >
>  > >
>  > > Scott Palmer <Scott.Palmer@exodus.net> on 12/11/2000 02:34:59 PM
>  > >
>  > > To:   "'Ebner, Daniel'" <DEbner@JPI.com>,
> "'Rdonoghue@mphlegal.com'"
>  > >       <Rdonoghue@mphlegal.com>, "'Clint.Dean@enron.com'"
>  > >       <Clint.Dean@enron.com>, "'lgasparini@simpletel.com'"
>  > >       <lgasparini@simpletel.com>
>  > > cc:
>  > >
>  > > Subject:  RE: This weekend
>  > >
>  > >
>  > >
>  > > All right - I did the unthinkable, and bought a "half-cord" of
> wood.
>  > For
>  > > the uninitiated, a half-cord is a stack of roughly 18- to
> 24-inch logs
>  > > that
>  > > is 8 feet long and 4 feet high.
>  > >
>  > > I'm going to bring about half of it camping, so we should have
> quite the
>  > > fire.
>  > >
>  > > -----Original Message-----
>  > > From: Ebner, Daniel [mailto:DEbner@JPI.com]
>  > > Sent: Monday, December 11, 2000 1:55 PM
>  > > To: Scott Palmer; 'Rdonoghue@mphlegal.com';
> 'Clint.Dean@enron.com';
>  > > 'lgasparini@simpletel.com'
>  > > Subject: RE: This weekend
>  > >
>  > >
>  > > Richard, are you coming.  You've been awful quite throughout
> this.
>  > >
>  > > I think I can scrape together 500 pennies.
>  > >
>  > > > -----Original Message-----
>  > > > From:   Scott Palmer [SMTP:Scott.Palmer@exodus.net]
>  > > > Sent:   Monday, December 11, 2000 12:50 PM
>  > > > To:     'Ebner, Daniel'; 'Rdonoghue@mphlegal.com';
>  > > 'Clint.Dean@enron.com';
>  > > > 'lgasparini@simpletel.com'
>  > > > Subject:     RE: This weekend
>  > > >
>  > > >
>  > > > OK, I can get some firewood.  I assume we're going to need
> quite a
>  > bit,
>  > > > since we tend to build a pretty big fire every year.
>  > > >
>  > > > Can I assume that I can get $5 from everybody to help cover
> the cost
>  > of
>  > > > the
>  > > > wood?
>  > > >
>  > > > The place is easy, there's pretty much only one area to tent
> camp.
>  > I'd
>  > > > say
>  > > > first ones there claim a good site.  It's been getting dark
> around
>  > 5:00
>  > > > lately, so I'd say we need to get there before noon if we're
> going to
>  > > get
>  > > > a
>  > > > decent ride in and be able to pitch tents before it gets dark.
>  > > >
>  > > > That'll mean an early morning for the Dallas guys.... sorry
> bout that.
>  > > >
>  > > > -----Original Message-----
>  > > > From: Ebner, Daniel [mailto:DEbner@JPI.com]
>  > > > Sent: Monday, December 11, 2000 11:48 AM
>  > > > To: Scott Palmer; 'Rdonoghue@mphlegal.com';
> 'Clint.Dean@enron.com';
>  > > > 'lgasparini@simpletel.com'
>  > > > Subject: This weekend
>  > > >
>  > > >
>  > > > I did some looking for firewood around Coppell this weekend.
> Short of
>  > > the
>  > > > crap you get from Albertson's that burns up in about 15
> minutes, I
>  > could
>  > > > not
>  > > > find any.  This week, I've got something every night so I
> can't shop
>  > for
>  > > > it.
>  > > >
>  > > > Can someone be in charge of getting firewood?  It's usually
> best to
>  > get
>  > > > from
>  > > > an actual firewood supplier that usually has trucks on the
> side of the
>  > > > road.
>  > > > Nursuries sometimes have it also.  We can split up the cost
> later.
>  > > >
>  > > > I'm pretty much planning on showing up with my tent, sleeping
> stuff,
>  > > food,
>  > > > Beam, bike, and lanterns.  Is there anything else I need to
> bring?
>  > > >
>  > > > Also, what time, and where in the park are we meeting?
>  > >
>  > >


Please reflect in Lotus Notes and follow up.  SS

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
----- Forwarded by Sara Shackleton/HOU/ECT on 02/07/2001 03:32 PM -----

	Tanya Rohauer
	02/07/2001 03:10 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Top 10 Additions

Dynegy Canada, Inc.
Cleco Marketing & Trading LLC
XL Trading Partners Ltd

There are a couple more worksheets coming in the next few days that we will
probably want to prioritize as well.

Thanks.


I am good on the 25th

	"Grant Dorfman" <gdorfman@ogwb.com>
	06/29/2000 11:02 AM
	Please respond to "Grant Dorfman"

		 To: "Richard B. Sanders" <richard.b.sanders@enron.com>
		 cc: <bogden@ogwb.com>
		 Subject: Natole Turbine mediation

Plaintiffs are available to mediate on Aug. 25, and so is Mike  Miller.? I am
just waiting to hear back from IBC's lawyer on his client's  availability.
?
I assume that day is OK for you, as you had indicated that you  could do it
any day that week.? If so, I will send around a confirming  letter just as
soon as I hear back from IBC.
?
Grant Dorfman
713/844-3060


Sorry for the intrusion.  If you or anyone you know is interested, I have
attached some information about my Lexus GS 300 that I am selling.

Thanks!

"Make all you can, save all you can, give all you can."

                                                       John Wesley

Byron W. Ellis, CFPTM, CLU, ChFC
Senior Financial Advisor
American Express Financial Advisors
IDS Life Insurance Company
1450 Lake Robbins Drive
Suite 100
The Woodlands, TX  77380

Phone	281.367.8658
Fax	281.364.9628
E mail	byronellis@usa.net

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