request_number:  DS-GE:001-003
firstname:  Darcy
lastname:  Norville
e-mail:  darcy@tonkon.com
exhibit_wp-02-e-:  JCG-01 and -02
page_numbers:  not specified
request_text:  Request DS-GE:001

Please disclose and/or produce copies of any and all communications, from
October 16, 2001 to the present, between any BPA representative and any
representative of any other party, concerning any of the following subjects:

a. The general structure of the Cost Recovery Adjustment Clauses (CRACs)
described in the testimony of the Joint Customers;

b. Any differences between the form of the CRACs described in the testimony
of the Joint Customers and the CRACs contained in BPA,s Amended Proposal, or
those contained in BPA,s Supplemental Proposal;

c. The detailed mechanics of implementing the CRACs described in the
testimony of the Joint Customers;

d. Revenue effects of the CRACs described in the testimony of the Joint
Customers, any modifications; or

e. Any aspect of the Partial Stipulation and Settlement Agreement and the
Parties, Proposal attached thereto.

For purposes of this Request, &disclose and/or produce8 has the meanings
described below.  With respect to oral communications, &disclose and/or
produce8 means to describe the time, date, approximate duration, and
substantive content of the communication; the identity and organizational
affiliation of the communicating individuals; whether the communication
occurred in person or by telephone; the location of the communication if in
person; the identity of any witnesses to the communications, including all
individuals in the room if the communication occurred by speakerphone; and
whether the communication was made in the presence of or after coordination
with BPA counsel (if so, identify such counsel).  For purposes of this
Request, you need not &disclose and/or produce8 oral communications that
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).

With respect to written communications, the Request includes communications
in any recorded form, whether on paper, electronic (including, without
limitation, e-mails), or whatever form.  For such communications, &disclose
and/or produce8 means to provide copies of all non-identical versions of any
written communications and to describe with particularity the location where
such communications were found and/or stored, including the identity of the
individual with possession or control of the written communications; to
describe with particularity the circumstances under which they were generated
or referred to; and to fully &disclose and/or produce8 any oral
communications made in connection with the written communications consistent
with the preceding paragraph.  For purposes of this Request, you need not
produce papers served on all parties to the rate case and made part of the
official file in the rate case.

Request No.: DS-GE:002

Request: Exhibit: Direct Testimony of the Joint Customer Group

Please disclose and/or produce any and all communications from October 16,
2001 to the present, between the BPA representatives listed below and any
representative of any other party concerning BPA,s rates to be in effect for
Fiscal Years 2002-2006, the interactions of such rates and customer
contracts, or procedural aspects of these rate proceedings.

Bob Proctor
Tim McCoy
Byrne Lovell
Byron Keep
Valerie Lefler
Jon Wright
Peter Berger

For purposes of this Request, &disclose and/or produce8 has the meanings
described below.  With respect to oral communications, &disclose and/or
produce8 means to describe the time, date, approximate duration, and
substantive content of the communication; the identity and organizational
affiliation of the communicating individuals; whether the communication
occurred in person or by telephone; the location of the communication if in
person; the identity of any witnesses to the communications, including all
individuals in the room if the communication occurred by speakerphone; and
whether the communication was made in the presence of or after coordination
with BPA counsel (if so, identify such counsel).  For purposes of this
Request, you need not &disclose and/or produce8 oral communications that
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).

With respect to written communications, the Request includes communications
in any recorded form, whether on paper, electronic (including, without
limitation, e-mails), or whatever form.  For such communications, &disclose
and/or produce8 means to provide copies of all non-identical versions of any
written communications and to describe with particularity the location where
such communications were found and/or stored, including the identity of the
individual with possession or control of the written communications; to
describe with particularity the circumstances under which they were generated
or referred to; and to fully &disclose and/or produce8 any oral
communications made in connection with the written communications consistent
with the preceding paragraph.  For purposes of this Request, you need not
produce papers served on all parties to the rate case and made part of the
official file in the rate case.

Request No.: DS-GE:003

Request: Exhibit: Direct Testimony of the Joint Customer Group

Please disclose and/or produce any and all communications from October 16,
2001 to the present, between any of the party representatives listed below
and any representative of BPA concerning rates to be in effect for BPA,s
Fiscal Years 2002-2006, the interactions of such rates and customer
contracts, or procedural aspects of rate these proceedings.

Terry Mundorf (WPAG)
Lon Peters (PGP)
Linc Wolverton (ICNU)
Scott Brattebo (PacifiCorp)
Kevin Clark (Seattle City Light)
David Hoff (PSE)
Geoff Carr (Northwest Requirements Utilities)
Dennis Parrish  (Market Access Coalition Group)
Pam Jacklin (PacifiCorp)
Peter Richardson (PPC)
Kyle Sciuchetti (PPC)
Ray Kindley (PGP)
Jay Waldron (PGP)
Doug Brawley (PNGC)
Eric Johnson (PNGC)
Darcy Norville (PGE)
Lynn Williams (PGE)
Steve Weiss (Northwest Energy Coalition)
Mark Hellman (OPUC)

For purposes of this Request, &disclose and/or produce8 has the meanings
described below.  With respect to oral communications, &disclose and/or
produce8 means to describe the time, date, approximate duration, and
substantive content of the communication; the identity and organizational
affiliation of the communicating individuals; whether the communication
occurred in person or by telephone; the location of the communication if in
person; the identity of any witnesses to the communications, including all
individuals in the room if the communication occurred by speakerphone; and
whether the communication was made in the presence of or after coordination
with BPA counsel (if so, identify such counsel).  For purposes of this
Request, you need not &disclose and/or produce8 oral communications that
occurred during meetings noticed in compliance with Rate Case Rule 1010.7(d).

With respect to written communications, the Request includes communications
in any recorded form, whether on paper, electronic (including, without
limitation, e-mails), or whatever form.  For such communications, &disclose
and/or produce8 means to provide copies of all non-identical versions of any
written communications and to describe with particularity the location where
such communications were found and/or stored, including the identity of the
individual with possession or control of the written communications; to
describe with particularity the circumstances under which they were generated
or referred to; and to fully &disclose and/or produce8 any oral
communications made in connection with the written communications consistent
with the preceding paragraph.  For purposes of this Request, you need not
produce papers served on all parties to the rate case and made part of the
official file in the rate case.

response_text:  Response DS-GE:001

Portland General Electric (PGE) objects to this Data Request on the grounds
that it (i) seeks information that is not relevant; (ii) seeks information
that is privileged; and (iii) seeks information that is unduly burdensome to
produce.  Rules of Procedure Governing Rate Hearings, Section 1010.8(b).  PGE
further objects to this Data Request on the grounds that it is in improper
form as it does not cite to specific testimony or indicate the specific use
to which the information sought will be put.  Special Rules of Practice,
WP-02-01.  Further, the Data Request PGE received in hard copy of March 9,
2001 covered communications from October 16, 2001 to the present, of which
there were none.  PGE hereby responds to the corrected Data Requests received
March 14, 2001 covering communications from October 16, 2000 to the present.
Without waiving the foregoing objections, PGE responds as follows:

 I reviewed my email archive (which is automatically emptied after two
weeks), correspondence file and meeting notes and asked Lyn Williams to do
the same.  I also questioned Ms. Williams about her recollections of any
communications described in this Data Request.  Based on these inquiries and
recollections, PGE reports the following communications:

1. On or about January 22, 2001, following a noticed settlement meeting, Pam
Jacklin, Terry Mundorf and another party representative (I do not recall who)
met with Alan Burns and Peter Burger in one of their offices to discuss
whether BPA intended to file a supplemental proposal in this case.

2. During a Joint Customer Group testimony drafting session during the week
of March 5, 2001 Lon Peters placed a telephone call to Bob Procter seeking
clarification of BPA's intent with respect to treatment of transmission
losses in the LB CRAC GRSPs.

3. Lyn Williams and/or Darcy Norville received the emails described below,
copies of which are attached (emails that were sent or copied to the Service
List are not included below or attached):

a. From Dave Piper to Lyn Williams et al., dated 1/26/01,
Subject: Re: Urgent: Potential Substantial Rate Increase;
b. From Kyle Sciuchetti to A. W. Turner et al., dated 2/16/01, Subject:
Settlement Signers.

4. On October 16, 2000 representatives of six Northwest Investor-owned
Utilities sent a letter with comments on BPA's Proposed Amended FY 2002-2006
Power Rate Case to Syd Berwager, a copy of which is attached.

5. On October 16, 2000 representatives of five Northwest Investor-owned
Utilities sent a letter with supplemental comments on the appropriate scope
of the reopened WP-02 proceeding to Syd Berwager, a copy of which is attached.

Response DS-GE:002

Portland General Electric (PGE) objects to this Data Request on the grounds
that it (i) seeks information that is not relevant; (ii) seeks information
that is privileged; and (iii) seeks information that is unduly burdensome to
produce.  Rules of Procedure Governing Rate Hearings, Section 1010.8(b).  PGE
further objects to this Data Request on the grounds that it is in improper
form as it does not cite to specific testimony or indicate the specific use
to which the information sought will be put.  Special Rules of Practice,
WP-02-01.  Further, the Data Request PGE received in hard copy of March 9,
2001 covered communications from October 16, 2001 to the present, of which
there were none.  PGE hereby responds to the corrected Data Requests received
March 14, 2001 covering communications from October 16, 2000 to the present.
Without waiving the foregoing objections, PGE responds as follows:

I am aware of no communications responsive to this Data Request other than
those disclosed in response to DS-GE:001.

Response DS-GE:003:

Portland General Electric (PGE) objects to this Data Request on the grounds
that it (i) seeks information that is not relevant; (ii) seeks information
that is privileged; and (iii) seeks information that is unduly burdensome to
produce.  Rules of Procedure Governing Rate Hearings, Section 1010.8(b).  PGE
further objects to this Data Request on the grounds that it is in improper
form as it does not cite to specific testimony or indicate the specific use
to which the information sought will be put.  Special Rules of Practice,
WP-02-01.  Further, the Data Request PGE received in hard copy of March 9,
2001 covered communications from October 16, 2001 to the present, of which
there were none.  PGE hereby responds to the corrected Data Requests received
March 14, 2001 covering communications from October 16, 2000 to the present.
Without waiving the foregoing objections, PGE responds as follows:

I am aware of no communications responsive to this Data Request other than
those disclosed in response to DS-GE:001.

The following information is from the web server:
1.  Logon: IUSR_GRANITE
2.  Remote Host:  206.29.168.129
3.  Remote IP Address:  206.29.168.129
4.  Form URL:
http://www.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_response.html
5.  Browser Client:  Mozilla/4.0 (compatible; MSIE 5.0; Windows NT; DigExt)


Just Laird, Blair, Perry, Tony and a couple of guys around here. Is that a
problem?


Mike:
This experience has to be gut-wrenching for you.  It is truly
incredible.  If we can assist you in any way, please let me know.

David T. Crary, Ph.D.
Professor, Department of Finance
Assoc. Dean for Executive Education
E. J. Ourso College of Business Admin.
Louisiana State University
Baton Rouge, LA 70803
225/578-6354 (v)
225/578-6983 (f)


Linda,
I talked with Linda and Michelle this week on this issue. What Michelle
wanted to know  was does TW have Operators who have PNR agreements.
Currently, TW does not have any operators with PNR agreements because they
have mandatory OBAs on TW. With our 637 compliance filing TW is requesting
that Operators move their imbalance to a PNR if it is over a certin volume.

Also EOG does pool on TW so as a shipper we could get them to enter into a
PNR. They would need to have a shipper transport it to and from the PNR point.
I also told Michelle that all points the flow any volumes on TW are required
to be an an OBA.
Michelle said that they were able to resolve this issue with EOG.

Thanks Ramona


I've decided that I'm going to quit worrying about them.  I finally heard
from the VP yesterday.  Her son has been in the hospital, so she's been out
of the office ever since I went up there.  So basically we've made no
progress.  She's back now, though, so I'm hoping I'll know something soon.
If I do end up going which is very likely I'm going to leave pretty soon.
That's  the main reason I'm going home this weekend.  I'll let you know when
I hear something.

RR

	From:  Jennifer Bagwell @ ENRON                           02/14/2001 02:58 PM

To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: Sat night

Hey!  Have fun this weekend!  So what have you decided about Chicago??

Robin Rodrigue@ECT
02/14/2001 02:47 PM
To: Jennifer Bagwell/NA/Enron@ENRON
cc:

Subject: Re: Sat night

Hey Bags,

It's good to hear from you.  I wish I could make it, but I'm going home for
the weekend.  Hope you guys have fun.

Bye,
Robin


Please do not reply to this e-mail.

You are receiving this message because an invoice requiring coding, issue
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Need help?
Please contact the ISC Call Center at (713) 345-4727.


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/09/2001 08:24 AM
---------------------------

	From:  Larry Joe Hunter                           03/08/2001 05:53 PM

To: Eric Bass/HOU/ECT@ECT
cc: Janie Aguayo/HOU/ECT@ECT
Subject: Rebook - QU0663 Mirant

Eric,

Can you adjust TAGG shortname to MIRANTAMEENE  (currently MIRANTAMEENECAN)?

Thanks,
Joe


Here is the latest model.  Thanks
Ben


Does anyone object to Wednesday, at 2:00 p.m., Carol's office? (Conference
rooms are both booked.)

	Carol St Clair
	05/23/2000 01:56 PM

		 To: Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
		 cc: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Taffy
Milligan/HOU/ECT@ECT
		 Subject: Work Flows Meeting

Susan and Susan:
In an effort to better manage your work flows, Sara and I would like to meet
with you for about 30 minutes this week to get an idea of what's on your
plate and what we can do to ease the work load.  Could you please give this
some thought and let Taffy know when you want to meet so she can get it set
up?  Thanks.
Carol


Hi Vince,

Have a look at my homepage which I have been updating (see Energy Markets):
www.acmc.uq.edu.au/~gwd/EnergyExchange.html

Regards Glen Dixon
Part - Time Phd Student - Department of Mathematics (University of
Queensland)

P.S I am hopefully attending the Australian Risk Conference where you are a
speaker in July 2000 (Sydney). Hope to hear you speak.

 Glen W. Dixon
  Project Officer - Procurement Profiling
  Queensland Purchasing
  Department of Public Works

  "Important

  This electronic message and any attachments are supplied in
good faith and are believed to be free of Year 2000 or other date related
problems (i.e. Year 2000 compliance).  The Department of Public Works
forwards this message and attachments to you on the basis that you use them
at your own risk.  The department accepts no responsibility for damage or
loss (arising from negligence or otherwise) which may occur through the use
or transmission of this message and attachments and recommends that you
conduct your own independent tests to determine Year 2000 compliance before
use.

  The contents of this electronic message and any attachments
are intended only for the addressee and may contain privileged or
confidential information.  They may only be used for the purposes for which
they were supplied.  If you are not the addressee, you are notified that any
transmission, distribution, downloading, printing or photocopying of the
contents of this message or attachments is strictly prohibited.  The
privilege or confidentiality attached to this message and attachments is not
waived, lost or destroyed by reason of a mistaken delivery to you.  If you
receive this message in error please notify the sender by return e-mail or
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  Thank you."


Pager number 877-498-5497
Cell number   713-557-1572

I will be in Port Aranasas Friday morning.  I should be back in Houston by
2:00 PM and I will have my cell phone turned on for the trip home.  I don't
have voicemail on my cell phone.  But, if anything should happen, you could
leave me a voicemail at home and I will check it once every hour after 1:00
PM on Friday.

Places to Eat North of 1960
Landry's Seafood House (yuk)
Tortuga's (mexican not as good as Guadalajara)
Guadalajara - good mexican food
Olive Garden
Carrabba's
Macaroni Grill
TGI Friday's
Chili's

Any misspellings were done on purpose.  I will be coming back Friday with
lots of fish!!!!!!!!

"Germany, Mary/COR" <mgermany@CH2M.com> on 05/01/2001 01:23:07 PM
To: "'chris.germany@enron.com'" <chris.germany@enron.com>
cc:
Subject: Friday

Before I forget here  is my cell phone number 303-667-3495.? I hope it works
there.? Do you  still have one?? I will pick up my luggage and be at the
passenger  pick-up.? If you have a cell phone I can call you whether it is my
cell  phone or from a pay phone.?
?
See you  Friday!

Mary Germany,  Manager
Accounts Payable
Payroll
Accounting Support
(303) 713-2151
fax (303) 846-2151
email - mgermany@ch2m.com
?


Janette: put on my schedule.  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/11/2001 02:37 PM -----

	Lisa Mellencamp
	04/10/2001 05:54 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc: Sheila Tweed/HOU/ECT@ECT
		 Subject: Sithe "All Hands" Meeting; LOCATION CORRECTION

per my voicemail.

Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com
----- Forwarded by Lisa Mellencamp/HOU/ECT on 04/10/2001 05:46 PM -----

	Joyce Dorsey@ENRON COMMUNICATIONS
	04/10/2001 01:52 PM

		 To: Todd Busby/NA/Enron@ENRON, Morris Richard Clark/Enron@EnronXGate, Wes
Colwell/Enron@EnronXGate, Timothy J Detmering/HOU/ECT@ECT, Stephen H
Douglas/Enron@EnronXGate, Rodney Faldyn/Enron@EnronXGate, John J
Lavorato/Enron@EnronXGate, Lisa Mellencamp/HOU/ECT@ECT, Charles
Ward/Corp/Enron@ENRON, Jeff Donahue/Enron Communications@Enron Communications
		 cc: Shirley Tijerina/Enron@EnronXGate, Susan Fallon/Corp/Enron@ENRON,
Christina Brandli/Enron@EnronXGate, Shelley Grover/Enron@EnronXGate, Kimberly
Hillis/Enron@EnronXGate, Linda J Simmons/HOU/ECT@ECT
		 Subject: Sithe "All Hands" Meeting; LOCATION CORRECTION

The Sithe meeting described below will be held in EB3321.  Thanks.

Joyce Dorsey
Enron Broadband Services
Corporate Development
Phone:  713/853-3516
Cell Phone:      713/502-2246
joyce_dorsey@enron.net
----- Forwarded by Joyce Dorsey/Enron Communications on 04/10/01 01:56 PM
-----

	Joyce Dorsey
	04/10/01 11:23 AM

		 To: Todd Busby/NA/Enron@ENRON, Morris Richard Clark/Enron@EnronXGate, Wes
Colwell/Enron@EnronXGate, Timothy J Detmering/HOU/ECT@ECT, Stephen H
Douglas/Enron@EnronXGate, Rodney Faldyn/Enron@EnronXGate, John J
Lavorato/Enron@EnronXGate, Lisa Mellencamp/HOU/ECT@ECT, Charles
Ward/Corp/Enron@ENRON, Jeff Donahue/Enron Communications@Enron Communications
		 cc: Shirley Tijerina/Enron@EnronXGate, Susan Fallon/Corp/Enron@ENRON,
Christina Brandli/Enron@EnronXGate, Shelley Grover/Enron@EnronXGate, Kimberly
Hillis/Enron@EnronXGate, Linda J Simmons/HOU/ECT@ECT
		 Subject: Sithe "All Hands" Meeting

At the request of John Lavorato, a Sithe "all hands"  meeting has been
scheduled for Thursday, April 19, 9:00-10:00 a.m. in EB3621.  Invitees
include:

Todd Busby
Morris Clark
Wes Colwell
Tim Detmering
Jeff Donahue
Steve Douglas
Rodney Faldyn
John Lavorato
Lisa Mellencamp
Chuck Ward

Thanks,

Joyce Dorsey
Enron Broadband Services
Corporate Development
713/853-3516


David,

I know we've met before on your visits to Houston, I am a paralegal in the
ENA Legal Department, in the Swap Group under Mark Taylor.  I am the lead
contact in ENA Legal for counterparty approvals and day to day trading issues
for EnronOnline.  I coordinate responses for the whole Legal Trading Group
(financial, physical, power and emerging markets) with the EnronOnline and
Credit teams.

I understand from my EnronOnline team that I am going to need to approve
financial trading for all my Houston based counterparties a week from
Friday.  Right now that list stands at about 600 counterparties (already
trading).   I was hoping you could direct me as to what restrictions, if any,
we might have for financial trading in Australia.  Are there any restricted
counterparties, such as governmentals, utilities, banks, dealers, etc., or
any restrictions on the products traded (initially I know we are only trading
financial power, although I'm sure the list will expand over time).   Have
your GTC's been drafted with cross-border trading in mind?

Similarly, I assume there will be Australian counterparties signing up to
trade, and the commercial team will want them approved to trade the whole
range of EnronOnline products.   Are there any provisions we must add to the
form of North American product GTCs if our counterparties trade a North
American product from Australia?  Do we have any tax issues or language we
need to cover?  Our standard form of GTC includes New York law and
arbitration.  Will that be enforceable in Australia?  Are there any issues we
need to address if we require collateral (a guaranty or letter of credit)
with respect to a trade?

Thanks for your help!


Don't know if I have the name spelled correctly but I received a call
requesting an ISDA Master (for Pushkar Shahi) for trading rate/currency.
Thanks.  Sara


Michael, in case you need Ken's bio, I am attaching it for your use.

Rosalee

	Enron Energy Services

	From:  Michael Mann @ EES                           08/08/2000 09:12 PM
	Phone No: 609.252.0907

To: Thomas E White/HOU/EES@EES, Kenneth Lay/Corp/Enron
cc: Harold G Buchanan/HOU/EES, Lou Pai, Jeremy Blachman, Mark Peterson, Julie
Davidson/HOU/EES, Judy G Smith/HOU/EES@EES
Subject: Owens-Illinois Meeting

We have confirmed a meeting to introduce you to Tom Young, EVP (and member,
O-I Board of Directors) and members of his management team at O-I
Headquarters next Tuesday, 8/15 at 11:30 am.  We have 90 minutes, Mr. Young
will be hosting us to lunch during our meeting.  Joe Lemieux, CEO, is
unavailable only because his calendar just didn't match up with your near
term available dates.  My strong bias is that the sooner we have an
opportunity to connect at the top the better, especially given our drive to
close in Q-3.

In addition to coordinating logistics, I will get briefing packets to your
offices Monday describing the proposed transaction, deal related issues
(details are not likely to come up during the meeting), key O-I personnel
bios, and general information about O-I and its current business, including
summary outside financial analysis.

Regards,
Michael


How did you like the counter-party?
Ben


Critical Migration Information:

1. Your scheduled Outlook Migration Date is THE EVENING OF : May 14th
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please  select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed  the evening of your migration date.

    Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
migration and could result in up to a 2 week delay to restore this
information.

If you encounter any errors please contact the resolution center @
713-853-1411


Hello all:

Norberto telephoned me this morning and will not be able to come on
Friday, May 5th.  We have rescheduled the interview for Monday, May 1.

The times are as follows:

Vasant Shanbhogue  1:00 PM
Vince Kaminski  1:15 PM
Clayton Vernon  1:30 PM
Stinson Gibner  1:45 PM
Tanya Tamarchenko  2:00 PM
Grant Masson   2:15 PM

They will be conducted in EB1938

Thanks!

Shirley


I guess this is his RSVP

-----Original Message-----
From: Greg_Hathaway@dom.com [mailto:Greg_Hathaway@dom.com]
Sent: Thursday, August 23, 2001 4:23 PM
To: Mercaldo, Vernon
Subject: Re: Agenda for Ops meeting in KC

Vernon:
Thanks for the agenda!  Please note that Stacy Lee and I will be attending this
conference and likely Jason Lewis.

"Mercaldo, Vernon" <Vernon.Mercaldo@enron.com> on 08/23/2001 12:46:29 PM

To:   Greg Hathaway/WP/VANCPOWER@VANCPOWER
cc:

Subject:  Agenda for Ops meeting in KC

Lynn told me this started at 1:30 on Thursday which is true for the
actual meeting part.  If you would like to golf in the morning, they
have an organized golf outing planned.
Here is the Agenda they sent out.

 <<winteropsAGENDA.DOC>>

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recipient (s). Any review, use, distribution or disclosure by others is strictly
prohibited. If you are not the intended recipient (or authorized to receive for
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This e-mail (and any attachments hereto) are not intended to be an offer (or an
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Please look at two supply deals with Enserco at the Citygate for March 2001.  Nov-Mar deal, number 396352, at 11.27 and a March only deal, number 63338(?),  at 10.59.  They are contesting the fact that we allocated all cuts to the highest priced deal.  Cost $72000.  Please take a look at these deals and the cuts and let me know if we should agree to their argument and reallocate 50/50.

Thanks,
Mike


Summary of Davis/Alpert bill AB 260

Retro-active to June 1, 2000 through December 31, 2002, 6.5 cent/kWh cap on
the energy component for residential and small commercial customers (under
100 kW).  The Commission has the ability to extend through 2003.  The
Commission also has the ability to adjust the cap.

Commission can use revenues from utility-owned assets, refunds from FERC to
offset the undercollections.  (In addition, a companion bill was passed that
provides $150 million of general fund money to offset undercollections.)

Large commercial/industrial/agricultural customers have an opportunity to
"opt-in" to the 6.5 cent/kWh cap with an annual true-up.

SDG&E will under a prudence review by the CPUC, which may be another source
of funds to offset the undercollection.

Specific classes subject to cap:

  Schedule A, all acute care hospitals, all public and private k-12 schools,
all accounts on AL-TOU under 100 kW.

Attached a link to the bill
http://www.leginfo.ca.gov/pub/bill/asm/ab_0251-0300/ab_265_bill_20000830_enrol
led.pdf

Summary of the rate payer relief bill AB 1156 which would
Transfer of $150,000,000 from the general fund  to a subaccount within the
Special Fund for Economic Uncertainties.
Appropriate those funds from the subaccount, to the commission, to reduce the
adverse impact of high-cost wholesale energy purchases on certain ratepayers
if a specified rate ceiling is in effect, and if the commission determines
that a specified revenue shortfall would result in a ratepayer surcharge
greater than 10%, and the electricity rates were directly linked to Power
Exchange costs.
Declare that, on January 1, 2004, any remaining balance in the account would
revert to the General Fund.
Become operative only if AB 265 is enacted, as specified.
 Take effect immediately as an urgency statute.
Attached a link to the bill
http://www.leginfo.ca.gov/pub/bill/asm/ab_1151-1200/ab_1156_bill_20000830_enro
lled.pdf

AB 970 Siting Bill.

AB 970 passed last night. The final version has not been published yet. The
final version should only have an additional amendment relating to a Calpine
facility in San Jose for which expeditious treatment has not been granted. We
will produce a summary once the enrolled version is available, which should
be today or Tuesday at the latest. Bellow is the previous amended version of
the Sitting Bill.

Attached a link to bill as amended on 8/7/00

http://www.leginfo.ca.gov/pub/bill/asm/ab_0951-1000/ab_970_bill_20000807_amend
ed_sen.pdf.pdf


All,

We have 20 people scheduled for interview for the ENA Trading Track next Wednesday, May 30th from 2.00 pm - 4.30 pm.  You will each interview 5 candidates.   We have 14 Internal candidates and six external.   Each of you will receive your schedules, resumes,  evaluations forms and location details on Tuesday.    Please note a de-brief will take place at the Double Tree Hotel directly after interviews (exact location will be included in your interview pack).

Thank you for your participation in this recruiting event.

Regards,

Karen
x54667


fyi,

 -----Original Message-----
From: 	Lamadrid, Victor
Sent:	Thursday, October 25, 2001 11:27 AM
To:	Ames, Chuck; Brawner, Sandra F.; Germany, Chris; Goodell, Scott; Hodge, John; Keavey, Peter F.; Mckay, Brad; Mckay, Jonathan; Neal, Scott; Pereira, Susan W.; Pimenov, Vladi; Ring, Andrea; Savvas, Leonidas; Smith, Maureen; Taylor, Craig; Townsend, Judy; Versen, Victoria; Vickers, Frank
Cc:	Superty, Robert; Smith, George F.; Pinion, Richard; Jaquet, Tammy; Kinsey, Lisa; Schrab, Mark L.; Sullivan, Patti; Farmer, Daren J.; Hall, Bob M; Calcagno, Suzanne; Greif, Donna; Allwein, Robert; Arteaga, Airam; Boudreaux, Shanna; Carter, Tamara; Collins, Joann; Erwin, Stephanie ; Garcia, Clarissa; Gillespie, Steve; Halstead, Lia; Homco, Meredith; Loocke, Kelly; Loving, Scott; Ordway, Chris; Prudenti, Dan; Ramirez, Robert; Sanchez, Christina; Wood, Tracy
Subject:	FW: Sitara EOL Bridge Problem Today

FYI>>>We were also monitoring the EOL to Sitara bridge during this time to inform our traders and other desks of the situation and status...All deals bridged over by 10:30ish. THANKS

 -----Original Message-----
From: 	Truong, Dat
Sent:	Thursday, October 25, 2001 11:11 AM
To:	Moorer, Torrey; Lamadrid, Victor; Severson, Russ; Grant, George
Cc:	Husain, Karima; Lim, Francis S.; Saluja, Gurdip; Sweitzer, Tara
Subject:	Sitara EOL Bridge Problem Today

The problem we faced today was due to 2 eol deal packets (2098073, 2099764) not having startdate and enddate.  Missing these 2 tibco message fields caused the bridge to bounce and resulted in the queue to build up while the bridge is starting up. (The bridge takes 2 minute for startup).  Each time these deals are sent/resent, it continuously cause the Sitarar EOLBridge to restart, thus magnifying the buildup of the queue.

The corrective action we are taking at our end is to build a rejection logic when eol packets do not have start and/or enddate.

-Dat Truong


You have requested an authorization code to validate your device for Chase.

Your code is 46634.

To activate your device simply follow the THREE easy steps below:

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To create an alert, go back to your Chase Account Summary page. Choose the account for which you would like to create an alert and click on Edit Account Settings from the account options pull-down menu.  At the bottom of the page, click the Create Alert button and follow the directions to create your alerts.

Let Chase help you keep track of your online accounts. Create your account Alerts today!

You have requested an authorization code to validate your device for Chase.

Your code is 46634.

To activate your device simply follow the THREE easy steps below:

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3)  Enter your authorization code and select Continue

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To create an alert, go back to your Chase Account Summary page. Choose the account for which you would like to create an alert and click on Edit Account Settings from the account options pull-down menu.  At the bottom of the pa
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Let Chase help you keep track of your online accounts. Create your account Alerts today!


---------------------- Forwarded by David W Delainey/HOU/ECT on 12/06/2000
07:06 PM ---------------------------

	Enron North America Corp.

	From:  Chip Schneider @ ENRON                           12/06/2000 06:07 PM

To: Greg Blair/Corp/Enron@Enron, W David Duran/HOU/ECT@ECT, Terry W
Donovan/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Stephen H Douglas/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, David Gorte/HOU/ECT@ECT, Ben
F Glisan/HOU/ECT@ECT
cc: George Schaefer/NA/Enron@Enron, William Keeney/HOU/ECT@ECT, Lou
Stoler/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
Subject: Change to the Inga DASH

The Approval Amount for the Inga DASH has been revised from $98 million to
$105.25 million to accomodate the potential requirement of having to replace
existing credit support facilities provided by the seller, A. Ahlstrom, or
the target, Ahlstrom Development Corporation ("ADC").  Although not explicit,
this requirment may arise as A.Ahlstrom/ADC attempt to obtain
"change-in-ownership" consents from partners, lenders and lessors to complete
Enron's acquisition of ADC.  As we believe that the liklihood of this
requirement occuring is greatest with regard to 1) and 2) below, the DASH
reflects the aggregate of these amounts.  The requirement with regard to 3)
below lies with an ADC subsidiary and should not "reasonably" merit
replacement by Enron.

This change was reflected in the DASH mailed to the Finance Committee of the
BoD on 12/05/00.

The potential credit support facilities are detailed as follows:

1)  Panther Creek -- A. Ahlstrom Comfort Letter:  A. Ahlstrom provided a
"comfort letter" for the benefit of the lenders at the Panther Creek
project.  Upon acquisition by Enron, the beneficiaries of this comfort letter
may require that it be replaced by an ENE guaranty.  The comfort letter
requires A. Ahlstrom to provide up to $1.5 MM in additional equity to the
project in the event that the project cannot meet its debt service.

Based on the origination team's analysis, the likelihood of an equity call
related to the comfort letter appears to be minimal given:
the project  is projected to achieve an average 1.92x debt service coverage
ratio in the pro forma model
the partnership maintains business interruption insurance
the project can subordinate $2MM in O&M incentive payments annually to meet
its debt service targets

2)  Panther Creek -- Equity Support Agreements:  ADC, as well the other major
partner, Constellation, have provided guarantees in favor of the Panther
Creek project lenders, each with a maximum exposure of $5.75 MM  Equity
support under this agreement may be called on if the Panther Creek project
does not meet its debt service requirements.  We believe that these
obligations should be maintained by ADC and not up-streamed to Enron as Enron
obligations, however, the consenting parties may disagree.

In the event that Enron is required to provide this support in exchange for
consent, the origination team believes it is unlikely that the project
lenders will call on the equity support agreements due to the coverage ratio,
insurance and payment subordination items discussed above under item 1) above.

3)  Gilberton -- Capital Support Agreement:  Orion Power Company (a
subsidiary of ADC) has committed to providing a maximum of $1.25 MM in equity
support to the Gilberton Power Project, in the event that debt service cannot
be met.  We have not provided for this in the DASH as we believe that these
obligation should be maintained by Orion and not upstreamed to either ADC or
Enron as either an ADC or Enron obligation.

The origination team believes that if Enron is called upon to provide this
credit support, the impact of such would be minimal because:
the agreement expires once project debt is repaid in Dec 2002
the project maintains a cash debt service reserve of $16 MM (and only $32 MM
of debt reamains outstanding)
pro forma debt service coverage ratios average 1.53x against a target of 1.15x

Given there is minimal expectation the facilities will be drawn upon, RAC
does not foresee a material impact on the overall project economics.  To the
extent guarantees or letters of credit are issued, an appropriate cost for
these guarantees should be deducted from the value of the transaction.

Please let me know if you have any questions with regard to this change.

Regards,


Hi Sabrina.

  Sorry it has taken me a while to get back to you on this.  Jenny Thome and Lisa Gang are working on Avista true-up from Jan '02 thru current. I believe that this pre-payment for $899,464.00 is for the week of Jan 1 thru Jan 7, 2002.  Mo - can you please confirm this?  The wire transfer request is pending 26, but  just says prepay without a trade date.  Payment was made 12/21/02.

  Virginia

 -----Original Message-----
From: 	Minnis, Sabrina
Sent:	Wednesday, June 12, 2002 1:25 PM
To:	Thompson, Virginia
Subject:	Avista Energy Post Petition Pre-Pay

Hi Virginia,

On December 21, 2001, Jake Thomas sent a prepayment wire request of $899,464 to be paid to Avista. I'm doing a reconciliation for Avista and I need to know for what month this should be applied to. Can you please e-mail me back if you have this information? Your help is deeply appreciated. Thanks.


I am pleased to announce the formation of the Enron Management Committee.  The Management Committee comprises our business unit and function leadership and will focus on the key management, strategy, and policy issues facing Enron.  The Management Committee will supplant the former Policy Committee and will include the following individuals:

Ken Lay - Chairman and CEO, Enron Corp.
Ray Bowen - COO, Enron Industrial Markets
Michael Brown - COO, Enron Europe
Rick Buy - Exec VP & Chief Risk Officer, Enron Corp.
Rick Causey - Exec VP & Chief Accounting Officer, Enron Corp.
Dave Delainey - Chairman and CEO, Enron Energy Services
Jim Derrick - Exec VP & General Counsel, Enron Corp.
Janet Dietrich - President, Enron Energy Services
Jim Fallon - President & CEO, Enron Broadband Services
Andy Fastow - Exec VP & CFO, Enron Corp.
Mark Frevert - Chairman & CEO, Enron Wholesale Services
Ben Glisan - Managing Director & Treasurer, Enron Corp.
Mark Haedicke - Managing Director & General Counsel, Enron Wholesale Services
Kevin Hannon - CEO, Enron Global Assets & Services
Stan Horton - Chairman & CEO, Enron Transportation Services
Jim Hughes - President & COO, Enron Global Assets & Services
Steve Kean - Exec. VP & Chief of Staff, Enron Corp.
Louise Kitchen - COO, Enron Americas
Mark Koenig - Exec VP, Investor Relations, Enron Corp.
John Lavorato - President & CEO, Enron Americas
Mike McConnell - President & CEO, Enron Global Markets
Jeff McMahon - President & CEO, Enron Industrial Markets
Jeff Shankman - COO, Enron Global Markets
John Sherriff - President & CEO, Enron Europe
Greg Whalley - President & COO, Enron Wholesale Services

	After we convene the Management Committee later this week, I will make a further announcement regarding the Executive Committee.


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/06/2001 01:31
PM ---------------------------

"Leatha Brown" <lbrown1@erac.com> on 03/06/2001 01:08:09 PM
Please respond to <lbrown1@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Escalade

The last quote I sent over was for 36 months and
I haven't taken into consideration the price/tax
savings of the Lexus.  I contacted our remarketing
department and they are still working on getting
#'s.

I'll let you know soon!!!

Leatha

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, March 06, 2001 12:49 PM
To: lbrown1@erac.com
Subject: RE: Escalade

Leatha,

I have a couple of questions.  Do your numbers assume $7500 down (in
addition to the tax etc), and is the term 36 months or 48?  Both time
frames are mentioned in your explanation.

Have we heard anything on the remarketing of my Lexus?  Does the cost
include the tax trade on the Lexus?

Thanks for your help,

Kay

"Leatha Brown" <lbrown1@erac.com> on 03/05/2001 05:37:50 PM

Please respond to <lbrown1@erac.com>

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: Escalade

Kay,
The dealership will not come down on the price
for the gold and wood trim.  I have an aftermarket
company that can do both for $550.00.  Here is
a 36 month quote for the Cadillac including the
gold and wood.  Please review and let me know if you
have any questions.

EQUITY LEASE FOR TERM OF 36 MONTHS

$  39976.38          Cost of vehicle
    2498.52*Sales tax
     161.00*Registration
    7500.00*Cost reduction
------------
$  39976.38          Delivered price
------------
$    568.33          monthly depreciation
     187.81          Monthly lease charge
------------
$    756.14          Monthly rental

$  12016.15          Termination value @ 48 months

*to be billed on delivery

Let me know what you think.

Leatha

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Saturday, March 03, 2001 5:05 PM
To: lbrown1@erac.com
Cc: nmann@erac.com
Subject: Escalade

Hi Leatha,

Neil and I went to D Taylor and looked at an Escalade. We liked it,
however, we want to price it with a couple of extra features.  I like the
extra wood package, and Neil likes it with the gold trim package.  When we
asked for a price, it added around $1700, which I thought was ridiculous.
They offered to discount it by $200, which I again thought was ridiculous.
When we priced these options at McGinniss, the price was less ($600 for the
wood package instead of $995, for instance), and they offered to discount
the options by a third.  So, we can get the deal done if they will get
reasonable over these options.  The sales guy (Nathaniel) was going to
"work on it".  The fellow you had told us to ask for wasn't in, by the way.

I will be out of town on Monday, but Neil will be in, and will have my
Lexus.

Thanks,

Kay


Any conflicts?
----- Forwarded by Tana Jones/HOU/ECT on 05/02/2001 10:19 AM -----

	Mark S Palmer/ENRON@enronXgate
	05/02/2001 09:32 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: FW: NDA for Citigroup

Input info for the NDA
--------------------------------

Legal name of the company:
 Citigroup Inc.

Business contact name at the company (who will receive the NDA):
 Paul S. Galant

Business contact email & phone (& fax, if applicable):

Company's address:
 388 Greenwich Street
 39th Floor
 New York, NY 10013

Nature of discussion:
 Project Offline

NDA delivery format? (soft copy, hard copy printout):
 email soft copy to Mark S. Palmer
 Mark will print and Philippe Bibi's office will deliver

Delivery method? (send email, send hard copy by mail, Fedex, fax, deliver
hard copy to Originator):
 Please email to Mark S. Palmer

Legal contact at the company (optional but helpful):
 Not known


Carl, just wanted you to know that I have decided to NOT offer William a rotation in west gas and I have talked to him this a.m.

As discussed, I like his basic skill sets but I decided this a.m. to hold off for the next 2 weeks or so before filling any spots for the end of the year.  I am sure he will find a good rotation, just wasn't the best fit for me at this time.

Thanks, BT


We have rescheduled the presentation by the Sidley & Austin attorneys to
Wednesday, August 9, from 3:30 p.m. -- 5:30 p.m. in conference room EB38c2.
Please feel free to call me at x57780 with any comments or questions
concerning the presentation.  Thanks -- Bob Bruce


Talk with Rick, but I think this project is complete.

-----Original Message-----
From: Shapiro, Richard
Sent: Sunday, August 12, 2001 6:23 PM
To: Steffes, James D.
Subject: RE: New Generation Stats.

Yes,thanks.

-----Original Message-----
From:	Steffes, James D.
Sent:	Sun 8/12/2001 5:54 PM
To:	Shapiro, Richard
Cc:
Subject:	FW: New Generation Stats.

Has your initial question been answered?

Jim
 -----Original Message-----
From: 	Gottfredson, Bryan
Sent:	Thursday, August 09, 2001 11:13 AM
To:	Steffes, James D.
Subject:	New Generation Stats.

Jim:

These are some numbers that I have been working on.  Hopefully they will be helpful to you.

 <<TX v. CA.ppt>>
Bryan


Please note that the CBR meeting was rescheduled from September 14th @ 1:30 to new date & time, September 24th @ 3:00 - 5:00 in conference room 49C2.
If you have any questions, please call me at x33597.  Thank you.

Julie Armstrong
x33597


Regarding the question as to how much of a "haircut" generators
would be willing to take, we have received the following reports:

- It appears at this point that many generators would be disinclined to
accept a 70% haircut without getting something in return.  For instance,
generators might agree to this in return for immunity from further state
prosecution for damages, anti-trust issues, etc.

- The 70% haicut "consensus" in the legislature should not be overstated. The
Democrats originally proposed this, and the Republicans yesterday essentially
said "me too" in announcing their Plan B.  However, sources report that there
remains disagreement in the legislature over this number, despite the fact
that it is the number most often suggested as of now.

- We will continue to make inquiries on this question and will report in more
detail as soon as possible.


clbywaters1@aep.com
	06/07/2001 10:58 AM

		 To: Dan.J.Hyvl@enron.com
		 cc:
		 Subject: Re: Crane County 640 Acre Sale

Good.  Assuming you received my phone mail with the Earp's address etc.,
can you forward me two originals of the offer so that I can send them on to
the Earps?  Again, their street address is 26 Lily Lane in Crane, TX
79731.  The agreed to price is $45/acre at 640 acres, or $28,800.  I.C.
Earp et ux Irma.
I'll call him and alert him when the paperwork is ready to send, hopefully
tomorrow.

Thanks

Candy

Dan.J.Hyvl@enron.com on 06/07/2001 09:54:34 AM

To:   clbywaters1@aep.com
cc:

Subject:  Re: Crane County 640 Acre Sale

 Normally, the bill of sale is used to transfer personal property and the
deed to transfer real property.  If we are only selling the real property,
no bill of sale is needed.

                    clbywaters1@a

                    ep.com               To:     Dan.J.Hyvl@enron.com

                                         cc:

                    06/07/2001           Subject:     Re: Crane County 640
Acre Sale
                    06:49 AM

p.s.  we are not selling a pipeline at all.  just the fee property on which
no pipelines exist.  tell me where I lost you and I'll be happy to clarify
further.

thanks, Dan.

Candy

Dan.J.Hyvl@enron.com on 06/06/2001 02:04:34 PM

To:   clbywaters1@aep.com
cc:

Subject:  Re: Crane County 640 Acre Sale

Where is your earnest money contract?  Isn't the information therein.  I
was not aware that we were selling a pipeline to anyone.  Please advise?

                    clbywaters1@a

                    ep.com               To:     dan.j.hyvl@enron.com

                                         cc:

                    06/06/2001           Subject:     Crane County 640 Acre
Sale
                    07:25 AM

---------------------- Forwarded by Candace L Bywaters/HO1/AEPIN on
06/06/2001 07:25 AM ---------------------------

Candace L Bywaters
06/06/2001 07:19 AM

To:   dan hyvl@enron.com
cc:

Subject:  Crane County 640 Acre Sale

While I'm in the process of getting the appropriate information for Mr.
Earp, one question.  Shouldn't we also have a bill of sale to accompany
this document, registering the value to be paid for this property?

Pls advise.

Candy


Didn't I mark his up all ready?


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/02/2000
08:16 AM ---------------------------

Vince J Kaminski
08/02/2000 08:09 AM
To: "Julie" <julie@lacima.co.uk> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
Subject: Re: Preface for book

Julie,

The introduction looks fine. I have made some cosmetic changes
(typos and split infinitives that slipped by). You can safely ignore most of
them.
English is not even my second language.

The corrections are in pink.

Vince

"Julie" <julie@lacima.co.uk> on 08/01/2000 07:43:10 AM
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: Preface for book

Vince,
?
Hope you are well.
?
We spoke a while ago about who should write the preface for the book, and
you kindly offered that you would provide this.? Is this still  possible?? We
realise that you are extremely busy, so Chris and Les went  ahead and wrote
something, which is below, and if you want to review, change or  re-write?the
preface, that would be very appreciated.? Let me know  what your thoughts are.
?
Thanks,
Julie
(we're getting close)
?
?

Preface

?

?

?

One of our main objectives in  writing Energy Derivatives: Pricing and Risk
Management has been to bring  together as many of the various approaches for
the pricing and risk management  energy derivatives as possible, to discuss
in-depth the models, and to show how  they relate to each other.? In this
way we hope to help the reader to analyse the different models, price a wide
range of energy derivatives, or to build a risk management system which uses
a  consistent modelling framework.? We  believe that for practitioners this
last point is very important and we continue  to stress in our articles and
presentations the dangers of having flawed risk  management and giving
arbitrage opportunities to your competitors by using  ad-hoc and inconsistent
models for different instruments and markets (see also OTHERS WHO PROPOSE
CONSISTENT  MODELS?).? However, it is not  our wish to concentrate on one
particular model or models, at the exclusion of  the others because we
believe that the choice should rest with the user  (although it will probably
be clear from our discussions the model(s) we  prefer).? We therefore try and
give  as clear account as possible of the advantage and disadvantages of all
the  models so that the reader can make an informed choice as to the models
which  best suit their needs.

?

In order to meet our objectives the  book is divided into 11 chapters.?  In
chapter 1 we give an overview of the fundamental principals needed to  model
and price energy derivatives which will underpin the remainder of the  book.?
In addition to introducing  the techniques that underlie the Black-Scholes
modelling framework we outline  the numerical techniques of trinomial trees
and Monte Carlo simulation for  derivative pricing, which are used throughout
the book.

?

In Chapter 2 we discuss the  analysis of spot energy prices.? As  well as
analysing empirical price movements we propose a number of processes  that
can be used to model the prices.?  We look at the well-know process of
Geometric Brownian Motion as well as  mean reversion, stochastic volatility
and jump processes, discussing each and  showing how they can be simulated
and their parameters estimated.

?

Chapter 3, written by Vince  Kaminski, Grant Masson and Ronnie Chahal of
Enron Corp., discusses volatility  estimation in energy commodity markets.?
This chapter builds on the previous one.? It examines in detail the methods,
merits and pitfalls of the volatility estimation process assuming different
pricing models introduced in chapter 2.?  Examples from crude, gas, and
electricity markets are used to illustrate  the technical and interpretative
aspects of calculating volatility.

?

Chapter 4 examines forward curves  in the energy markets.? Although  such
curves are well understood and straight-forward in the most financial
markets, the difficulty of storage in many energy markets leads to less well
defined curves.? In this chapter we  describe forward price bounds for energy
prices and the building of forward  curves from market instruments.? We
outline the three main approaches which have been applied to building
forward  curves in energy markets; the arbitrage approach, the econometric
approach, and  deriving analytical values by modelling underlying stochastic
factors.

?

Chapter 5 presents an overview of  structures found in the energy derivative
markets and discusses their uses.? Examples of products analysed in this
chapter include a variety of swaps, caps, floors and collars, as well as
energy  swaptions, compound options, Asian options, barrier options, lookback
options,  and ladder options.

?

Chapter 6 investigates single and  multi-factor models of the energy spot
price and the pricing of some standard  energy derivatives.? Closed form
solutions for forward prices, forward volatilities, and European option
prices  both on the spot and forwards are derived and presented for all the
models in  this chapter including a three factor, stochastic convenience
yield and interest  rate model.

?

Chapter 7 shows how the prices of  path dependent and American style options
can be evaluated for the models in  Chapter 6.? Simulation schemes are
developed for the evaluation of European style options and applied to a
variety  of path dependent options.? In order  to price options which
incorporate early exercise opportunities, a trinomial  tree scheme is
developed.? This tree  is built to be consistent with the observed forward
curve and can be used to  price exotic as well as standard European and
American style options.

?

Chapter 8 describes a methodology  for valuing energy options based on
modelling the whole of the market observed  forward curve.? The approach
results  in a multi-factor model that is able to realistically capture the
evolution of a  wide range of energy forward curves.?  The user defined
volatility structures can be of an extremely general  form.? Closed-form
solutions are  developed for pricing standard European options, and efficient
Monte Carlo  schemes are presented for pricing exotic options.? The chapter
closes with a discussion of  the valuation of American style options.

?

Chapter 9 focuses on the risk  management of energy derivative positions.?
In this chapter we discuss the management of price risk for institutions
that trade options or other derivatives and who are then faced with the
problem  of managing the risk through time.?  We begin with delta hedging a
portfolio containing derivatives and look  at extensions to gamma hedging )
illustrating the techniques using both spot and  forward curve models.? The
general  model presented in Chapter 8 is ideally suited to multi-factor
hedging of a  portfolio of energy derivatives and this is also discussed.

?

Chapter 10 examines the key risk  management concept of Value at Risk (VaR)
applied to portfolios containing  energy derivative products.? After
discussing the concept of the measure, we look at how the key inputs
(volatilities, covariances, correlations, etc) can be estimated.? We then
compare the fours major  methodologies for computing VaR; Delta, Delta-gamma,
historical simulation and  Monte-Carlo simulation, applying each to the same
portfolio of energy  options.? In this chapter we also  look at testing the
VaR estimates for various underlying energy market  variables.

?

Finally, in Chapter 11 we review  modelling approaches to credit risk.?  We
look in detail at two quite different approaches, CreditMetrics (J. P. Morgan
(1997)) and  CreditRisk+ (Credit Suisse Financial  Products (1997)) for which
detailed information is publicly available.? Together these provide an
extensive set  of tools with which to measure credit risk.? We present
numerical examples of  applying these techniques to energy derivatives.

?
Before  we begin we stress that the models and methods we present in this
book are tools  which should be used with the benefit of an understanding of
how both the +tool,  and the market works.? The  techniques we describe are
certainly not &magic wands8 which can be waved at  data and risk management
problems to provide instant and perfect solutions.? To quote from the
RiskMetrics Technical  Document &( no amount of sophisticated analytics will
replace experience and  professional judgement in managing risk.8.?  However,
the right tools, correctly used make the job a lot  easier!


Rhonna,
Attached is a copy of my resume along with a wealth of gratitude if you could
keep me in mind for postings of the nature listed above.  Thanks again.

Dana Davis


COLUMBIA GAS TRANSMISSION CORPORATION
                        NOTICE TO ALL INTERESTED PARTIES
                                NOVEMBER 19, 2001

Notice ID: 3281
5 - NO RESPONSE REQUIRED

SUBJECT: CAPACITY ALLOCATION-TIMELY NOMINATION CYCLE FOR NOVEMBER 20, 2001

PLEASE NOTE THAT ALL ALLOCATIONS ARE SUBJECT TO CHANGE BASED ON THE RECEIPT OF
ANY NEW NOMINATIONS OR INTRADAY NOMINATIONS.

RECEIPTS:

ALLOCATIONS DUE TO LONG WALL MINING OF LINE SM-123:  For the following MLI
points: There is no capacity for IPP customers.  There is no capacity for ITS
customers.  There is no capacity for secondary firm customers.  There is no
capacity for overruns.

        Equitable Hi Hat       MLI F3
        KYWV Beaver Creek      MLI H1
        CNR Boldman            MLI CNR02
        CNR Conoway            MLI CNR03
        CNR Johns Creek        MLI CNR08
        CNR Canada             MLI CNR09, CNR10
        CNR Stafford           MLI CNR11
        CNR Thacker/Majestic   MLI CNR12
        CNR Briar Mtn.         MLI CNR13
        CNR Huff Creek         MLI CNR14
        Conoco Grant           MLI P1

KA-1 LINE (819288 AND 827280):  There is no capacity for IPP customers.  There
is no capacity for ITS customers.  There is no capacity for secondary firm
customers.

DELIVERIES:

Market Area 21:  New secondary firm customers received equal shares of
available capacity.

INTERNAL CONSTRAINT:

LANHAM:  There is no capacity for IPP customers.  There is no capacity for ITS
customers.  There is no capacity for secondary firm customers.

Excess MDWQ               Available +
ISS Withdrawals           Available
SIT Withdrawals           Available
Imbalance Drawdowns       Available

Excess MDIQ               NOT Available +
ISS Injections            NOT Available
SIT Injections            NOT Available
Imbalance Paybacks        NOT Available

PAL Lends/Unparks         Available
PAL Parks/Loan Paybacks   NOT Available

+ Call Gas Control 24 hours in advance at (304) 357-2606 to request approval.

Columbia Gas Transmission has completed allocating all of its receipt and
delivery points for the gas day of November 20, 2001.  You may now view the
quantities you are authorized to flow on November 20, 2001.  On the Internet
NAVIGATOR, view Nominations, Scheduled Quantity, Scheduled Quantity for Service
Requestor-Summary, Nominations to be Viewed, and select Reduced Nominations.
The quantities confirmed to flow for your account are available on the Internet
NAVIGATOR after 5:30 p.m. Eastern Time on Monday, November 19, 2001.

If you have any questions, please contact your Account Representative.


AGA for 12/29/00 is (209) W/D


The results of the PM's visit to Washington and, with it, the opportunity for a dialogue between the two governments on Dabhol were disappointing, to say the least.
	As the PM was arriving White House lawyers made a determination that neither the President nor Larry Lindsey could speak to the Dabhol situation.  It was decided that Condi Rice would raise the issue with Mishra when they met on Thursday but she unfortunately did not.  The GOI apparently raised Dabhol in the Lindsey meeting but all he could do was hear them out and then explain that he could not discuss the issue.  Great impression!
	The PMO Secretary refused to meet with me once he learned no one from Houston could come up.
	OPIC is furious about the outcome.  OPIC leadership knows the project is about to be dropped in their lap.  We will be meeting in the next several days as they are travelling but I have already broached the idea that OPIC should approve a move to termination preemptively.  They understand where we are coming from but preliminarily are looking at a trip to India to meet with the GOI and explain what lies before them.  We also discussed their need to get clarification from the NSC as to where Dabhol stands in their list of priorities.  OPIC has to bring along the other parts of the Administration and it is unclear where they stand in light of the past week. Once Larson is back from Doha we will meet and sort out where State is on pressing the issue.
	All in all a good opportunity lost. Standard fare for a terrible week.  ohn

 -----Original Message-----
From: 	Hardy Jr, John
Sent:	Wednesday, November 07, 2001 10:11 AM
To:	Lay, Kenneth; Horton, Stanley; Hughes, James A.; Walls Jr., Rob; Cline, Wade; Lundstrom, Bruce
Cc:	Robertson, Linda; Shapiro, Richard
Subject:	Dabhol Washington Update

	Here is an update on the state of play in Washington regarding Dabhol as the Indian PM arrives this evening:

	As it became apparent last week that the discussions in Delhi about the MOU were not panning out, I met with OPIC President Watson and Exec VP Connelly to bring them up to speed on the status of discussions and map out the message to be given by the Administration to the PM on his visit this week.  While OPIC certainly does not have final say re the message on Dabhol they are clearly the driver within the USG and they have been very aggressive in that regard.  Out of our meeting Watson sent to State and the NSC a message with the following two points:
	1.  the Project sponsors, the $ lenders, and OPIC and EXIM are of one mind that the negotiating time frame on Dabhol is approaching its end.  If India does not act immediately it will be too late.
	2.  The President and this Administration needs to express its strong disappointment at the failure of the GOI to make an effort to engage on the Buyout, which needs to be negotiated within a particular $ range, subject to a simultaneous negotiation with the $ lenders.

	The OPIC memo was sent to State and the NSC and is now embodied in talking points for President Bush in his Friday meeting with the PM.  For the last week plus I have provided daily updates to OPIC, to Larson's office at State, to the South Asia regional group and to the NSC so they know of any new developments and where we are.  Yesterday afternoon I  met with OPIC on the lawsuit and how that might change the talking points.

	At this point, President Bush will raise Dabhol in his meeting with the PM Friday. The Indian Ambassador met with the NSC yesterday to discuss the agenda and was briefed on the MOU going in.
	It is being considered that Larry Lindsey will discuss Dabhol in greater detail, probably with Mishra.  There was some concern about prior relationship to Enron but I understand from State the lawyers have taken care of the concern.
	Larson is in Doha but is current on the situation and can engage if necessary.  It is unfortunate he is out of town.
	Amb. Blackwill had dinner last night with Watson and Connelly of OPIC and claims he is on top of the issue.

	Last, but certainly not least, we have a meeting with the PMO Secretary Ghash (?) at 4:30 Thursday at the Indian Embassy.  I do not know if we have firmly decided yet who should attend.  If Jim is out as I understand he is perhaps Rob Walls and I can attend.  This meeting should give us an opportunity to respond in the Washington context to the proposal that I understand is in the offing in Singapore.  We will then be in a position to feed that information back into the USG so that the President's meeting with the PM reflects the current state of discussions.


Paul Nelson
4201 Colafx Av N
Minneapolis, MN 55412
pn21@qwest.net

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Paul Nelson


Thanks.  Have a good weekend, and I'm looking forward to the Term book
adventure next week.

Robin


----- Forwarded by Jeff Dasovich/NA/Enron on 03/06/2001 08:06 PM -----

	"Katie Kaplan" <kaplan@iepa.com>
	03/06/2001 07:41 PM

		 To: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com>, "'Bill Carlson
(E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'"
<bob.gates@enron.com>, "'Carolyn A Baker (E-mail)'"
<cabaker@duke-energy.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'"
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'"
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>,
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa
(E-mail)'" <frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Greg Blue (E-mail)'"
<gtbl@dynegy.com>, "'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack
(E-mail)'" <jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'"
<jackp@calpine.com>, "'Jim Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe
Greco (E-mail)'" <jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'"
<joer@calpine.com>, "'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>,
"'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com>, "'Kate Castillo
(E-mail)'" <CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'"
<kellyl@enxco.com>, "'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>,
"'Kent Fickett (E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Roger Pelote (E-mail)'"
<roger.pelote@williams.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Stephanie Newell (E-mail)'" <stephanie-newell@reliantenergy.com>, "'Steve
Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Susan J Mara (E-mail)'" <smara@enron.com>, "'Tony
Wetzel (E-mail)'" <twetzel@thermoecotek.com>, "'William Hall (E-mail)'"
<wfhall2@duke-energy.com>, "'Alex Makler (E-mail)'" <alexm@calpine.com>, "Bob
Szymanski (E-mail)" <rjszymanski@powerworksinc.com>, "'D. Frank (E-mail)'"
<dfrank@seawestwindpower.com>, "'David Dickey (E-mail)'"
<david.dickey@calenergy.com>, "'Doug Levitt (E-mail)'" <SDL@calwind.com>,
"'Ed Maddox (E-mail)'" <emaddox@seawestwindpower.com>, "'Eric Edstrom'"
<edstrome@epenergy.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Julie Simon (E-mail)'" <jsimon@epsa.org>,
"'Lucian Fox (E-mail)'" <lucian_fox@ogden-energy.com>, "'Mark J. Smith'"
<mark_J_smith@fpl.com>, "'Milton Schultz (E-mail)'" <bfpjv@c-zone.net>, "'Nam
Nguyen'" <nam.nguyen@powersrc.com>, "'Paul Wood (E-mail)'"
<paul_wood@ogden-energy.com>, "'Pete Levitt (E-mail)'" <Pete@calwind.com>,
"'Rich Dyer (E-mail)'" <rich_dyer@ogden-energy.com>, "'Robert Frees
(E-mail)'" <freesrj@apci.com>, "'Scott Harlan'" <harlans@epenergy.com>, "'Ted
Cortopassi (E-mail)'" <ted_cortopassi@ogden-energy.com>, "'Thomas Heller
(E-mail)'" <hellertj@apci.com>, "'Tom Hartman'" <tom_hartman@fpl.com>, "'Ward
Scobee (E-mail)'" <wscobee@caithnessenergy.com>
		 cc: "Jan Smutny-Jones (E-mail)" <smutny@iepa.com>, "Steven Kelly (E-mail)"
<steven@iepa.com>, "Carol H Hudson (E-mail)" <Chudson@iepa.com>, "'Andy Brown
(E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Bob Weisenmiller (E-mail)'" <rbw@mrwassoc.com>,
"'Jean Munoz (E-mail)'" <jmunoz@mcnallytemple.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'Katie
Kaplan (E-mail)'" <kaplan@iepa.com>, "'Kristin Vellandi (E-mail)'"
<kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'" <lale@dynegy.com>,
"Marie Moretti (E-mail 2)" <mmoretti@mccabeandcompany.net>, "'Marty Wilson
(E-mail)'" <mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Richard Hyde (E-mail)'"
<rwhyde@duke-energy.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom
Ross (E-mail)'" <tross@mcnallytemple.com>
		 Subject: FYI_____ISO announces  Market Stabilization Proposal

Greetings:
The ISO will be holding a conference call to discuss a Market Stabilization
Plan on Friday at 10:00 a.m. PST. They will be releasing the plan tomorrow
by COB (midnight) and IEP will review it ASAP.  We will also participate in
the Conference Call on Friday and let everyone know what is going on.  We'll
keep you posted....

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499

-----Original Message-----
From: Woertz, Byron [mailto:BWoertz@caiso.com]
Sent: Tuesday, March 06, 2001 4:43 PM
To: ISO Market Participants
Subject: CAISO Notice - Market Stabilization Proposal - Conference Call

                ISO Market Participants:
                The ISO has developed a market stabilization plan, designed
to stabilize operations and control costs in California, to be implemented
in the next two months.  It would remain in place for the near term (through
Summer, 2001 and beyond) and includes changes to existing ISO practices as
well as an expansion of the ISO's responsibilities.  Because of the need to
move quickly so that the plan can be implemented by this summer, we will be
unable to hold a full stakeholder review process.  But, we do want to
discuss the plan with you so that you can understand the proposal and the
reasoning behind it.
                The ISO will post this plan on the ISO web site at
http://www.caiso.com/stakeholders/ <http://www.caiso.com/stakeholders/> , by
COB tomorrow.  In addition, we will host a conference call from 10:00 a.m.
to 2:00 p.m. PST this Friday, March 9, to discuss the plan with you and
clarify any outstanding issues.  We then plan to request the Board's
approval for this plan on March 15th in order to be able to implement the
plan by summer.
                The call in information is as follows:
                Market Stabilization Conference Call
                Friday, March 9, 10:00 a.m. - 2:00 p.m. PST
                Call-In Number:         877-381-6005
                Conference ID #:        760357
                Leader Name:    Byron Woertz
                Following the call, you may submit any comments on the plan
to us by close of business on Tuesday, March 13.  You may send your comments
to bwoertz@caiso.com.  We will do our best to summarize your comments and
present them to the Board at their March 15 meeting. In addition, there will
be a public comment period on the 15th.
                Please contact me if you have any further questions.
                Byron B. Woertz, Jr.
                Director, Client Relations
                (916) 608-7066


Guys, to end all arguments, I would suggest the following protocol which is
similar to what was discussed at Columbia Lakes:

 a) P&P swaps and anything to do with the network strategy/assets in the
paper sector in Canada and Mexico - Industrial Origination;
 b) Pure energy commodity positions and stand-alone energy assets (no
outsourcing) for all industrial segments in Canada and Mexico - ECC or Enron
Mexico;
 c) Energy outsourcing for all industrial segments in Canada and Mexico - I
would like Enron Canada and Enron Mexico to develop a written target list in
which ECC, Enron Mexico and the Industrial Origination groups would work
together to develop, sell and execute on the most profitable and value adding
outsourcing product for the industrial customer in Canada and Mexico - ECC
and Enron Mexico's understanding of the energy markets in Canada and Mexico
coupled with the customer facing, product development and execution skills in
Houston should provide a winning team.  I am asking for the three teams to
clearly identify the outsourcing targets, lead sales and structuring people
and the timing as far as starting discussion with each target customer
(ASAP).  I would hope that the Mexican and Canadian teams would lead the
sales process and the Houston team lead the structuring, customer facing and
execution but I will let you decide the optimum mix.  Either way, I am
expecting this target list completed and agreed to in the next two weeks for
Canada and Mexico;
 and d) for Tembec I don't think it makes sense to change the deal team at
this point; however, the US team will keep the Canadian team in the loop and
if the products become non-outsourcing related the deal should be passed to
ECC.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 08/03/2000
12:31 PM ---------------------------

Rob Milnthorp
08/03/2000 09:46 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Tembec and US Originators

Dave, attached is some of the background correspondence in anticipation of
our meeting with Brian Burnett.

Regards
Milnthorp
---------------------- Forwarded by Rob Milnthorp/CAL/ECT on 08/03/2000 09:29
AM ---------------------------

Angela McCulloch
07/27/2000 11:07 AM
To: Rodney Malcolm/HOU/ECT@ECT, Edward Ondarza/HOU/ECT@ECT, James A
Ajello/HOU/ECT@ECT
cc: Rob Milnthorp/CAL/ECT@ECT
Subject: Tembec and US Originators

Rodney, Edward, Jim - We've been over this issue a number of times and I
thought we had reached resolution when we last met with Delainey.  My
understanding with respect to coverage of Canadian Industrials is as follows:

1.) ENA to take lead on industrials that have facilities in both US and
Canada and will co-ordinate coverage with ECC with respect to Canadian
Facilities.

2.) ECC to take lead on industrials that have Canadian Facilities only.

3.) With respect to Canadian Pulp & Paper Industrials, ENA will cover Pulp &
Paper Swaps and SPV structuring.  ECC will cover these industrials for all
other Enron products (i.e. power, gas, services, etc.) Again, coverage needs
to be co-ordinated.

Specific to Tembec, I share Paul's concerns on why ENA would send 2 people to
talk to Tembec re: outsourcing when Tembec is across the hall from ECC, ECC
has an established relationship, and Tembec is a Canadian Company with no US
facilities.

It is my hope that we can resolve this amongst ourselves without having to
get Dalainey involved. I would suggest a conference call next week.  In the
interim, Paul will forward a CA to Tembec in contemplation of an outsourcing
arrangement.

Regards,

Angela McCulloch for  Rob Milnthorp
Assistant to Rob Milnthorp
(403) 974-6738
---------------------- Forwarded by Angela McCulloch/CAL/ECT on 07/27/2000
11:04 AM ---------------------------

Paul Devries
07/25/2000 01:30 PM
To: Rob Milnthorp/CAL/ECT@ECT
cc:
Subject: Tembec and US Originators

Rob, We just had a very good meeting with Tembec about Energy procurement and
energy outsourcing.  While the meeting went well, I am very confused about
the Enron team making the pitch to them.  My understanding is that the
Canadian originators - particularly the Toronto team for Eastern Canadian
companies will be responsible for everything except for pulp and paper swaps
and to some extent, new SPV's.

In this instance,

1.  Tembec is a Canadian Company
2.  All their assets are in Canada
3.  Jan has been working with Tembec people in their largest facility
4.  We know the executive team at Tembec
5.  We clearly are very knowleadgable in all aspects of the Ontario energy
market which is their focus right now
6.  We understand and are pitching the overall energy outsourcing arrangement
similar to the US pitches

With this in mind, I am not sure why Kellie Metcalf and Bob Anderson flew up
here (6 hours flight time there and back, $4,000 to $5,000 in flights and
hotels) for a 4 hour meeting with Tembec.  Kelly was quite vocal in saying
that this is a client they want to serve out of Houston.  I have stated to
her that that does not make any sense in terms of efficiency and costs and
knowledge of the market where Tembec's assets are.  Obviously, much of the
technical engineering work would and should be done by the engineering team
put together in the Industrial Services Group should a deal be struck.
However, the commercial negotiations and marketing should be led by this
office!!!

I thought this had been agreed to already.  We managed to piece up the
meeting and deliver the "Enron" message, but going forward we need to have
this resolved.

Cheers, Paul D


Dear Sara,

I now attach a draft schedule to an ISDA Master Agreement between Morgan
Stanley Capital Services Inc. and Enron North America Corp. I would be
grateful if you could review the revised draft and revert with any
comments that you may have. I will also be forwarding you a draft Credit
Support Annex for your review in due course.

I would be grateful if you could acknowledge receipt of this email and
confirm that you are the appropriate contact at Enron North America to
negotiate this ISDA.

Do not hesitate to contact me with any queries that you may have.

Regards,
Matthew Flett

 - 1_0211934.01


Our proposal was accepted. Dust off your San Francisco shoes.

Rita McGrath - the designer of our particular panel - will forward details
when they are sent to her by SMS


We can do lunch Friday, OK?
---------------------- Forwarded by Debra Perlingiere/HOU/ECT on 04/11/2000
03:24 PM ---------------------------

Stacy E Dickson
04/11/2000 03:07 PM
To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT, Debra
Perlingiere/HOU/ECT@ECT
cc:
Subject: Monica's Going Away Lunch

Monica is not able to go to lunch this week.  She will contact me next week
to schedule a time for the lunch in her honor.

Stacy


Its an IT security issue - ask Jenny or Bob what they think the plans are - it would be better if we were near peole.

 -----Original Message-----
From: 	Shepperd, Tammy R.
Sent:	Wednesday, January 09, 2002 9:20 AM
To:	Kitchen, Louise
Subject:	FW: EWS Consolidation

FYI

Kevin states that there is no near term conflict with estate and NETCO and is considering consolidating EWS estate on 3 & 4.  Please advise if you see issues related to  their plan.

Thanks.

 -----Original Message-----
From: 	Golden, Kevin
Sent:	Tuesday, January 08, 2002 2:49 PM
To:	Bubenko, Deborah; Duree, Janelle
Cc:	Link, Kathy; Sustaita, Dolores; Marshall, Lucy; Pearce, Barry
Subject:	EWS Consolidation

Deborah and Janelle,

Mr. Fallon has asked for an estimated per person cost for moves:

1) within a building
2) between the Enron Centers

He also assured me that questions regarding conflicts between the estate and NETCO operating out of the same building had been addressed, thus there should be no problem with EWS consolidating on ECS 3&4 in the near term.

I also spoke with Rich DiMichele regarding the EBS move.  As we discussed, he obviously does not want to move EBS twice within ECN.  He is interested in bringing EBS over to ECS if wholesale will be here for any length of time.  Again, cost is obviously a concern, so the per person cost estimates you provide should facilitate this decision.  We can discuss this further at tomorrow's meeting.

Please provide me with copies of the marked up maps for ECS 3&4 as soon as possible so I can begin considering our options.

Thanks,

Kevin

Kevin M. Golden
Business:  (713) 853-5238
Cellular:     (713) 569-9815


Looks fine to me.

Dale Neuner on 02/18/2000 10:08:02 AM
To: Mark Taylor/HOU/ECT@ECT
cc: Bob Crane/HOU/ECT@ECT
Subject: New Pulp Product - BKP PIX

Mark -

Please review and offer you approval/comments. This Index is exactly the same
as the NBSK PIX Index that we just worked on with the exception that its
price is quoted in EURO's.

Dale
3-9746


Hi Ivonne,

I opened up new bank accounts recently and need to set up direct deposit for my pay checks and expense reports.  Could you let me know what all I need to do to have this set up?  I have already filled out the form available on eHRonline.com.  If you could either email me with the instructions or call at ext. 31455 I would appreciate it.

Thanks,
Susan


Good Morning,

Please provide your estimate for this week's AGA storage survey.

Here are this week's stats:

AGA Last Year       +102
5 yr AVG                       +58
Lifetime High            +102 2001
Lifetime Low                        +32         2000
Gas in STGE                            1502
5yr AVG             1023
+/- to 2001              +754
+/- to 5yr AVG           +479
Please have your estimates in by 12:00 (11:00 CST) Wednesday.  Thank you.

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immediatement l'expediteur. Toute utilisation de ce
message non conforme a sa destination, toute diffusion
ou toute publication, totale ou partielle, est interdite, sauf
autorisation expresse. L'internet ne permettant pas
d'assurer l'integrite de ce message, BNP PARIBAS (et ses
filiales) decline(nt) toute responsabilite au titre de ce
message, dans l'hypothese ou il aurait ete modifie.


Will Brown of Lang, Hansen, O'Malley & Miller , provided me your e-mail
address and suggested I send these attachment directly to you.

(See attached file: stevenkean.wpd)

(See attached file: enron resume.wpd)
 - stevenkean.wpd
 - enron resume.wpd


Start Date: 4/16/01; HourAhead hour: 10;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041610.txt

---- SC Trades Schedule ----
+++ Hour 10 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/16/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Bob Badeer is the trader on this transaction and he is in a meeting, should
be out shortly to enter in system.  He did not log out of his blotter prior
to leaving and it appears he has several trades un-input.


FYI, see below.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 09/20/2000 06:43 PM
---------------------------

Matthew Tezyk@ENRON_DEVELOPMENT
09/20/2000 06:13 PM
To: Ben F Jacoby@ECT
cc: Dan Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mike
Coleman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dick
Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: LM6000 Title Transfer Question

Ben,

Does ENA wish to accept Title of 14 LM6000's on September 26, 2000, or accept
Title of these Units after each has been issued an Inspection Acceptance
Certificate from EECC QA/QC department?

The following is a summary of the LM6000 Title Transfer Question:

Mike Storm, GE/SSEP Project Manager, requested from me, on 9/19/00, to accept
title of 14 LM6000's no later 9/26/00.  I informed him I was not authorized
to make this decision and that I would contact the Owner to make the
decision.  I further informed Mike Storm that our Owner would not accept
those terms and a compromise must be worked out.
Contract Reference 15.2.1 of contract 24-LM6K-2-99 states: title transfers
when equipment is ready to ship to the delivery point and seller notifies
purchaser of such event.
Delivery Point is defined as the SSEP storage yard.
SSEP has notified us that Units #1-14 are "Ready to Ship".
Contract Reference 10.2.3 of contract 24-LM6K-2-99 states: purchaser has the
right to inspect the equipment for "completeness prior to loading on
transport to delivery point".
We have inspected the first eleven Units and have informed SSEP that Units
#1-14 ARE NOT COMPLETE and therefore are NOT at the Delivery Point.
FACT: Units # 1-11 are at the delivery point. #12-14 are at SSEP.
FACT: If we sent a truck to SSEP tomorrow, NONE of the UNITS would be "Ready
to Ship" to a project site.
FACT: SSEP QA/QC has 15 Non Conformance Reports on these 14 turbines which
need to be corrected before they are "Ready to Ship".
It is in the best interests for both companies to correct the Non
Conformance's prior to shipment to the delivery point or project site.
RECOMMENDATION: I recommend that we DO NOT accept Title until the Units are
actually ready to be shipped to a project site.  The problem is that NONE OF
THE UNITS ARE READY TO SHIP!  SSEP has to work off punchlist items which
their QA/QC department has listed on Non Conformance Reports.  At this
juncture, no money can be withheld from SSEP. To ensure they will be fixed,
Title should transfer after our QA/QC inspectors give written notice that
each Unit is complete and ready to ship.  This will protect ENA on the
quality of the machines, as well as, ensure that little or no "re-work" is
performed in the field.

If you require further information or any assistance in this matter, please
feel free to contact me at 713-646-8258.

Matthew Tezyk
Project Manager


not sure if this got done yesterday by Francis and Sanjeev.  Can you let me know.  Thanks.
PL

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Friday, February 01, 2002 10:39 AM
To:	Love, Phillip M.
Cc:	Keiser, Kam; Gossett, Jeffrey C.; Giron, Darron C.; Lim, Francis S.
Subject:	RE: new script for moving books

I was out sick yesterday.  Let me know if this has not been taken care of.  Thanks.

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Thursday, January 31, 2002 8:29 AM
To:	Cheung, Cecilia
Cc:	Keiser, Kam; Gossett, Jeffrey C.; Giron, Darron C.; Lim, Francis S.
Subject:	RE: new script for moving books

Can you do the same thing with a different book id?  Instead of book counterparty FT-CAND-TERMIN, move any deals with the FT-TERMIN-GD book to the bankruptcy book from NG-Price.  Financial deals only.  Thanks.  Let me know if you need any further clarification, should be the exact same script as yesterday, just substitute FT_TERMIN-GD for the two books you were looking for yesterday.
PL

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Wednesday, January 30, 2002 4:28 PM
To:	Love, Phillip M.
Cc:	Keiser, Kam; Gossett, Jeffrey C.; Giron, Darron C.; Lim, Francis S.
Subject:	RE: new script for moving books

Deal moves has been completed and retranslated.

Cecilia

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, January 30, 2002 3:54 PM
To:	Cheung, Cecilia
Subject:	RE: new script for moving books

1. move to the appropriate book based on the logic - Canadian deal needs to go to CAD
2. should only have to change deals from NG-Price to bankruptcy (deals are not in any other book)
3. The Canadian logic deals will probably be in GJ and the US logic should be in NG
4. Financial only
5. Cutoff date 1/1/2002

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Wednesday, January 30, 2002 3:48 PM
To:	Love, Phillip M.
Cc:	Keiser, Kam; Gossett, Jeffrey C.; Giron, Darron C.; Lim, Francis S.
Subject:	FW: new script for moving books

These are interbook deals and I need to confirm the following:

1. Which Bankruptcy book you want to move the deals to? BANKRUPTCY (166660) or BANKRUPTCY-CAD (166762)?
2. Change the counterparty of the deals associated with FT-CAND-TERMIN (166764) or FT-CAND-GONE-PR (166767) from NG-PRICE(11360), ENA-FT-WT-SOCAL(108201), ENA-WT-CAL(105544) to Bankruptcy (166660 or 166762)?
3. Should we should NGGJ as the commodity instead of NG?
4. Financial deals only
5. Cutoff date 1-jan-2002

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 30, 2002 3:03 PM
To:	Cheung, Cecilia
Subject:	FW: new script for moving books

Those two counterparties could be currently  in NG-Price, ENA-WT-Socal, or ENA-WT-Cal, not just NG-Price.

Thanks

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Wednesday, January 30, 2002 3:01 PM
To:	Cheung, Cecilia
Cc:	Giron, Darron C.; Gossett, Jeffrey C.; Keiser, Kam
Subject:	new script for moving books

Please move the following book to book trades with Canada from NG-Price to Bankruptcy:
FT-Cand-Termin
Ft-Cand-Gone-PR

Pleae let me know when this is done, we are waiting to calc today on this.  Thanks.
PL


Although InterGen has not completed its review of the Facility
Agreements, at Kay Mann's suggestion and to expedite matters, I am
passing on changes which InterGen requires with respect to Sections
17.3(a) and 17.4.1 of both Facility Agreements:

1.  Section 17.3(a) should be revised to read as follows:

"promptly refund the Maximum Liability Amount (less any unpaid portion
of the Purchase Amount) and pay Cover Damages plus Termination Costs
described in Sections 17.4.2(i) and 17.4.2(iv) described below; or"

2.  The third and fourth sentences of Section 17.4.1 should be revised
to read as follows:

"If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is greater than the Proper Scope Value, the difference
between such amount and the Proper Scope Value (the "Refund Amount")
shall be settled between the parties in accordance with Section 17.4.4
below.  If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is less than the Proper Scope Value, the difference
between such amount and the Proper Scope Value (the "Scope Value Due")
shall be settled between the parties in accordance with Section 17.4.4
below."

It is InterGen's understanding that the Purchase Amount is currently
$1,829,000, subject to adjustment by future change orders, and that the
amounts previously paid plus the Purchase Amount are equal to the
Maximum Liability Amount of $14,352,000, subject to adjustment by future
change orders.  It is essential to InterGen that CA Development I and CA
Development II receive credit for the amounts previously paid and that
they not be required to go outside of the Facility Agreement to
determine such amounts.

George Kutzschbach
713-651-3702


Can you guys help me with this one?

 -----Original Message-----
From: 	Dominguez, Sal
Sent:	Monday, November 26, 2001 5:20 PM
To:	Hodges, Georganne; Smith, Kirk; Killen, Faith; Erwin, Jill; Walker, Blake; Tran, Agatha; Smith, Jeff E.; Geaccone, Tracy; Giles, Valerie; Ray, Sara; Stubblefield, Wade; Ray, Sara
Cc:	Peng, Gary
Subject:	FW: HSR info needed

Legal is requesting some information for the Hart-Scott-Rodino Act filing related to the merger by the end of the day tomorrow.  Please see below.  I have listed the description of the codes below.  The information is requested for the year 2000.  Please provide a list of states in which Enron subsidiaries (entities incorporated in the U.S. only) which earned revenues in 2000 (1) have customers, (2) conduct their operations, or (3) have physical office locations (as specified below) for the following NAICS codes only.  The revenues should include intercompany revenues.

I am attaching a file which was compiled a few months ago, containing the largest Enron companies earning revenues in 2000 and their respective NAICS codes.  This is not all-inclusive, but is a good start.

Please let me know if you have any questions.

Thanks,
Sal
3-6020

221122	Electric Power Distribution
221210	Natural Gas Distribution
421520	Coal and Other Mineral and Ore Wholesalers
422710	Petroleum Bulk Stations and Terminals
513330	Telecommunications Resellers
523130	Commodity Contracts Dealing

 -----Original Message-----
From: 	Essig, Carol
Sent:	Monday, November 26, 2001 2:39 PM
To:	Dominguez, Sal
Subject:	HSR info needed

Sal,

Thanks in advance for your kind assistance.

Per our phone conversation, can you please provide me with the states in which Enron Corp.'s subsidiaries (of which it owns 50% or more) conduct operations for the following NAICS codes:

	221122	(states in which operations are conducted)
	221210  (states in which operations are conducted)
	421520	(states in which the customers are located)
	422710  (states in which the customers are located)
	513330	(states in which operations are conducted)
	523130	(states in which the physical offices are located)

Sal,
Also, please provide the 1997 and 2000 revenue data for Portland General by NAICS code.
I will contact Valerie and /or Kirk at Portland General to get the list of subs. info for PGE.

I know that his is short notice, but I have just been given the information and has made this request immediately to you.  Unfortunately, they have requested to have it by the end of the day tomorrow (11/27).  They will let me know if they can give additional time.  If you should have any questions, please let me know.

Carol
X37014