---------------------- Forwarded by John J Lavorato/Corp/Enron on 07/11/2000
09:59 AM ---------------------------

	From:  Kevin M Presto @ ECT                           07/11/2000 09:54 AM

To: John J Lavorato/Corp/Enron@Enron
cc:

Subject: Bruce

---------------------- Forwarded by Kevin M Presto/HOU/ECT on 07/11/2000
09:47 AM ---------------------------

George Hopley
07/11/2000 09:47 AM
To: Kevin M Presto/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
cc:
Subject: Bruce

Ontario Power Generation and Bruce Power announce leasing agreement at Bruce
Nuclear

    KINCARDINE, ON, July 11 /CNW-PRN/ - Ontario Power Generation (OPG) today
announced it has entered into a major agreement with Bruce Power Partnership
relating to the facilities at the Bruce nuclear site. Bruce Power is 95% owned
by British Energy plc. The transaction provides an opportunity for the two
main unions, the Power Workers' Union and The Society of Energy Professionals
on the Bruce site, to subscribe to 5% of the equity.
    This public/private partnership involves a long-term lease agreement for
the Bruce A (3076 MW-currently in lay-up), and Bruce B (3140 MW) facilities.
The lease runs until 2018, with an option to extend for up to another 25
years. OPG will receive an initial payment of $625 M to be made in three
installments. A first payment of $400 M will be made on closing subject to
normal closing adjustments. The remaining $225 M will be paid in two
installments of $112.5 M each.
    Bruce Power's annual payments include base and variable elements. The
variable elements include a share of the net revenue, and supplementary
payments for the management of used fuel. In total these payments are
estimated to be about $150 M in calendar year 2002.
    Bruce Power will offer employment to all employees at the Bruce site,
other than those being retained by OPG. Employees remaining with OPG include
those that provide waste management and centralized nuclear operations support
services. The agreement is expected to close, subject to Bruce Power obtaining
the necessary licences, in the summer of 2001.
    "Today's announcement is good news for employees, the community, the
electricity consumer and the shareholder" stated Ron Osborne, OPG President
and CEO. "This agreement injects private equity into the Bruce facilities
which in turn will provide new opportunities for employees and the community.
It is also a major step towards opening the Ontario electricity marketplace to
competition and providing electricity consumers with choice." Osborne noted
that an additional benefit of the agreement allows OPG to concentrate on
accelerating the performance improvements underway at its Darlington and
Pickering nuclear facilities while the new company focuses on the Bruce.
    Nuclear safety continues to be of paramount importance for Ontario Power
Generation, and safety has been a key tenet for British Energy. Both companies
are committed to ensuring high safety performance standards.
    "We are delighted to be announcing the creation of a new company. Bruce
Power will demonstrate that safety and commercial success go hand in hand,"
said Robin Jeffrey, Chairman and Chief Executive Officer of British Energy
Canada Ltd. "We have a high regard for CANDU technology and for the skill of
the staff at Bruce. We are confident that by working with the staff and the
unions, Bruce Power can achieve world class safety and commercial
performance."
    To reduce its market dominance, OPG is required by conditions in its
operating licence granted by the Ontario Energy Board (OEB), to reduce its
share of generating capacity to no more than 35 per cent of that available to
the province 10 years after the market opens.
    British Energy was selected following an extensive worldwide competitive
process over the last two years. They have significant operating experience
and a proven safety track record with a range of nuclear reactor types.
    To close the transaction, Bruce Power will be required to secure licences
from the Canadian Nuclear Safety Commission (CNSC) and the Ontario Energy
Board. Bruce Power will be required to follow the stringent licensing and
operating requirements established by CNSC, formerly the Atomic Energy Control
Board.
    Ontario Power Generation is a major North American electricity generating
company. OPG's principal business is the generation and sale of electricity to
consumers in Ontario and into the interconnected markets. OPG's goal is to be
a premier North American energy company, focused on low-cost power generation
and wholesale energy sales, while operating in a safe, open and
environmentally responsible manner.
    British Energy PLC is the UK's largest electricity generator. British
Energy owns and operates 15 reactors in the UK and a further two in the United
States through its joint venture, AmerGen. British Energy's goal is to be a
worldwide electricity leader building on its "Safety First" culture and track
record of commercial success.

    BACKGROUNDER INDEX
    ------------------

    Safety:

    1.  OPG'S COMMITMENT TO NUCLEAR SAFETY
    2.  BRUCE NUCLEAR - SAFETY IS NUMBER ONE
    3.  INFORMATION ON CANDU REACTORS
    4.  EMERGENCY PLANNING IN ONTARIO

    Financial:

    5.  OPG/BRUCE POWER LEASE AGREEMENT
    6.  NUCLEAR USED FUEL, WASTE MANAGEMENT AND
        DECOMMISSIONING
    7.  CHRONOLOGY OF THE PUBLIC/PRIVATE PARTNERSHIP PROCESS

    Employees:

    8.  WHAT HAPPENS TO EMPLOYEES

    Transition:
    9.  REDUCING MARKET DOMINANCE
    10. TRANSITION ARRANGEMENTS
    11. NEXT STEPS

    General.
    12. ONTARIO POWER GENERATION
    13. QUICK FACTS ON BRUCE NUCLEAR POWER DEVELOPMENT

SOURCE Ontario Power Generation Inc.


Hey Jason,

How are you DaDragon?  I'm doing great.  I emailed you with this account
and datiger12@hotmail.com but your hotmail account kept rejecting my
accounts.  I think you put a block on them.  Anyway, that's great to hear
that you have a great job at Enron.  Is that in Houston right?  If it is,
maybe we can go out for a drink or something?  I know a few places to go
hehehe.

Stocks are bad right now so I don't mess around with them.  Don't assume
that these companies are at rock bottom simply because they are so
low.  They could go lower.  I would wait until things clear up.

Aight, I'll check with you later.  Nice to hear from you again.

Minh

On Thu, 29 Mar 2001 Jason.Wolfe@enron.com wrote:

> DaTiger,
>
> Are you still around, answering email on this account? I can't remember
> your hotmail account.
> Was it DaTiger12? I am at Enron, working in Energy Trading. What are you up
> to?
> Write back dude, and give me some good stock picks now that my Ameritrade
> account is up.
>
> Jason
>
>

DaTiger

HAVE A NICE DAY!

Bye :)


I have some good news and some bad news.  The good news is that I invested all of the league dues in the stock market over the last few weeks.  The bad news is that I invested it in enron stock.  So, needless to say I am going to have to default on this year's payouts.

Sorry guys


Early morning, right?  I want to be rested for the big party.

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Trco Backhaul Rates

Saturday weather - high 64 in Galveston, low 61,  partly cloudy.
I want to take the boat out and fill it with gas and charge the batteries,
as I have family in the next week - and they want to take it out.


Shirley,
I will be out of the office 10/16/00-10/23/00.

I will attend Credit Modeling classes at Stanford on 10/16 trough 10/20.
10/23/00 I'take as a vacation day.

Tanya.


I will await Jeff's call.  Can you fill me in on what is happening with Wessex.  Colin Skellet has been notified that the potential buyer is coming here to have discussions with McMahon.  I need to get in the information loop if at all possible. Thanks

 -----Original Message-----
From: 	markmuller <8774754543@skytel.com>@ENRON
Sent:	Saturday, November 17, 2001 11:51 AM
To:	Horton, Stanley
Subject:

I've asked jeff golden to get with you regarding the meeting we've discussed having with Bill Wise and or Ralph Eads of El Paso to go over list of opportunities we are talking to various epg business units about. If this meeting is next week I recommend you,mcconnel and either mitch taylor or jeff golden attend. Purpose is to give them an overall pespective of what we are trying to accomplish and to avoid the fire sale appearance.


12 it is.  i'll need to leave at 1 pm to catch my plane.  we should be able
to get things done in an hour.

Best,
Jeff

	Michelle Hicks@ENRON COMMUNICATIONS
	10/26/2000 02:02 PM

		 To: Robbi Rossi/Enron Communications@Enron Communications, Jeff
Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: Regulatory meeting

----- Forwarded by Michelle Hicks/Enron Communications on 10/26/00 02:07 PM
-----

	JoAnne Garner
	10/26/00 01:42 PM

		 To: Michelle Hicks/Enron Communications@Enron Communications
		 cc: Melissa Loyd/Contractor/Enron Communications@Enron Communications
		 Subject: Re: Regulatory meeting

I have reserved 4598A for you guys tomorrow from 12 - 2.  Thanks.

Joanne Garner
713 853 3237


Dan, Brent, Shari -

Please let me know as soon as possible what the status of your review of the
True Quote site is as we are getting closer to the anticipated completion
date of March 12 - Monday.

I have already prepared comments to the access agreements for the site, but
need to have your comments, if any, to present all Enron comments.

Thanks for the assistance.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/06/2001 08:53 AM -----

	Mark Greenberg
	03/01/2001 09:24 AM

		 To: Dan J Hyvl/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Shari
Stack/HOU/ECT@ECT
		 cc: Jennifer deBoisblanc Denny/HOU/ECT@ECT, Bob Shults/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT
		 Subject: truequote.com legal product descriptions

Dan, Brent, Shari -

We have been asked to review the provisions of Truequote - a third party
trading platform - on which Enron may possibly trade.  I have requested
access for each of you to the site (www.truequote.com) and hope to have this
for each of you a bit later today.  In order to get you started, I have
provided the general product descriptions below.

The use of this system is in conjunction with another deal we are currently
working on with Truequote which will enable counterparties to hit Enron
posted prices and transact with Enron through the Truequote site.

Timing on this matter is rather tight as we need to finalize all agreements
and be ready to begin using the Truequote site on Monday, March 12.
Therefore, please initiate a review of the descriptions pertinent to your
area as soon as possible so that I can coordinate any comments you may have
with my general comments to the access agreement.  Travis is also working on
a piece of this deal and will be interested in your comments.

Thanks to each of you.  If you should need anything further, please do not
hesitate to call me.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/01/2001 09:08 AM -----

	Bob Shults@ECT
	03/01/2001 08:53 AM

		 To: Robert B Cass/HOU/ECT@ECT, Mark Greenberg
		 cc:
		 Subject: truequote.com legal product descriptions

---------------------- Forwarded by Bob Shults/HOU/ECT on 03/01/2001 08:54 AM
---------------------------

"Trevor Atkins" <trevor.atkins@truequote.com> on 02/28/2001 02:55:16 PM
To: <bob.shults@enron.com>
cc:
Subject: truequote.com legal product descriptions

Please find attached a copy of the legal product descriptions that you
requested.  If you have any questions, please feel to contact me at
800-327-1499.  The passwords and userids will be ready for you shortly.

Thank you,

Trevor L. Atkins

Trevor L. Atkins
Project Manager
True Quote, LLC
work:  (502) 212-4900 or (800) 327-1499
direct:  (502) 212-4912
fax:  (502) 212-4907
email:  trevor.atkins@truequote.com

 - Product Descriptions - TQ 9.doc


MS150 Team Enron 2000 Meeting
Wednesday,  April 5
5:00 - 7:00 PM
Enron Building Conf Room 5C2

Park in the Allen Center garage, and proceed on the third floor walkway from
the garage to the Enron Building, 1400 Smith.  Check in with security and
they will have all your names listed.
5C2 is just off the elevator on the 5th floor.

At this meeting you'll be able to pick up your newly designed 2000 Enron
jersey.  Becky Pham and Stephanie Strong are in charge of the jerseys.  If
you can't be there, please contact either of them by email: sstrong@enron.com
or bpham@enron.com or call them 713-853-1653 or 713-345-7094 to reserve your
size and make arrangements for pickup.

Our guests are Jeff Nielsen and Trey Richardson, West U. Schwinn.  They will
conduct a stretching/fitness clinic as well as a bike repair clinic.  Great
time to ask anything you want to know about your bike from the experts.  This
is a totally informal meeting - come and meet us and ask your questions, and
get your jersey!

In case you're wondering about picking up your rider packet at this meeting,
we do not have those available - we only had one opportunity for our team
pickup from MS and that was last Friday.  If you showed up that day and
turned in your pledge sheet but were told that your packet was not here, it
will be provided to us and we will get it to you.  If you are not in that
category, please plan to pick up your packet at one of the designated packet
pickup points in your rider manual which I've listed below for your
convenience.  (We are going to try and work out our own registration process
for next year to cut out this confusion - we apologize for any inconvenience
this has caused, and let me know if you feel that your rider packet is
dangling.  Most of them that were left out have been delivered to you.  My
phone number is 713-646-6569.)

Here's the remaining packet pickup locations:

KINGWOOD
Wednesday - April 5
5:00 to 8:00 pm
AJ Foyt Isuzu
22575 Highway 59 North

INNER LOOP HOUSTON
Saturday - April 8
10:00 am to 4:00 pm
The Home Depot #566
West Loop South @ Southwest Freeway

Monday - April 3
4:00 to 8:00 pm
Hooters
Kirby @ Southwest Freeway

SOUTHWEST HOUSTON
Wednesday - April 12
5:00 to 8:00 pm
McKinzey Bond Isuzu
8201 South Gessner

If you miss all of these, you can still pick up at the Westside Marriott
(MS150 headquarters hotel) at I-10 & Eldridge, on April 14 from 3:00 to 10:00
pm, and while you're there, you can carbo-load on the pasta buffet and visit
the Bike Expo - a good way to get "pumped" for the ride, pick up some good
buys - be sure to visit Jeff Nielsen at the West U. Schwinn booth to thank
him for all his support for the Enron team this year!


Scott,

Here are letters to Westinghouse, as revised to reflect our comments.

Kay


Marie., Please fax to me at 713-646-2196.
Thanks. Sheila


Kathy,

I have attached  a copy of the P&L that was reported as of January 31 for
Canada.  You will notice that Disturnal's P&L is no longer reported as part
of Canada, however I have included his p&l  for tieout purposes.  If you have
any questions please let me know.

Robin

Kathy Reeves
02/02/2001 04:12 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc: Jonathan McKay/CAL/ECT@ECT
Subject: Canada's P&L

This is what I have for Canada's p&l for January 2001.  Can you let me know
what you reported so that we can make sure that it is the same?

Kathy


Here I thought that the only true way into your Texas gal heart was through a
new pair of stranglers and spotted snake-skin boots. I guess I'll have to go
to find another way - maybe through a Hawaiian Biker ensemble.

Susan M Scott
07/17/2000 02:19 PM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: Start shopping...

Ted,

I tried to send this page a little while ago and I think it failed.  So, you
may have to actually drop this address into the netscape location section to
bring up the site.

Anyway, there seemed to be a pretty good selection on the web.  Still, I
think the one on this page best captures the kind of image you're looking to
project.

http://www.bucklesofestes.com/images/image123a.jpg

If you'd rather shop around try these (there are some outstanding designs)...

http://www.bucklesofestes.com/

http://www.lazyassranch.com/

Disclaimer:   Please realize these sites were sent in jest.  If you actually
don any of the items contained within them I may be forced to sever all ties
               and deny ever having known you.


See Barton Creek's comments below.

-----Original Message-----
From: Amy.Lawder@ourclub.com [mailto:Amy.Lawder@ourclub.com]
Sent: Wednesday, November 14, 2001 12:13 PM
To: Hitchcock, Dorie
Subject: John Lavorato's Suite Charge

Hello Dorie,

I know this is not the most opportune time, but we have a final decision on
the suite pricing.  This special rate was more than 50% off of the original
pricing for just one bedroom.  It was something negotiated between
ourselves and we can't justify a lower rate on a sold out night for Mr.
Lavorato when he continued to stay in the suite.  This might be different
had he moved to a regular room and we could have upsold someone else to the
suite.   However, we had to walk away from that revenue.    I hope Mr.
Lavorato understands our business position.  Please contact me if you have
any questions.

Amy Lawder


As most of you know, American Airlines Flight 11 from Boston to Los Angeles was hijacked yesterday and then crashed into the north tower of the World Trade Center in New York.  We are very sorry to report that we believe an Enron employee was on board that flight.   Nick Humber, a director in Enron Wind's commercial origination group, was listed on the flight's manifest, and although his family has not received official confirmation that he boarded the flight, they have been unable to contact him.  Nick was based in Boston and was traveling to Los Angeles for a meeting.  We have talked with Nick's family and offered our full support.  Please continue to keep Nick's family and everyone affected by this horrific event in your thoughts and prayers.


Here are the message points
----- Forwarded by Steven J Kean/NA/Enron on 03/09/2001 01:05 PM -----

	Yorleni Mendez
	03/08/2001 10:00 AM

		 To: Steven J Kean/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON
		 cc:
		 Subject: Per Your Request


Hi Shirley,

Is this meeting still set for tomorrow?  I heard a rumor that it had been
changed again, but I don't know if it is correct.

Kay


I've just looked at some beautiful photos--hand colored done by our project
manager's wife--she is a professional photographer.  How would you all feel
about having a really good, artistic picture done of the three of us for a
gift to Mom and Dad?  Let me know--we could do it while Sally is here for
the shower....

Cindy


Start Date: 1/20/02; HourAhead hour: 19;  HourAhead schedule download failed. Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012019.txt
Error: dbCaps97Data: Cannot perform this operation on a closed database
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Alias: dbCaps97Data
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Alias: dbCaps97Data
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Alias: dbCaps97Data
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Alias: dbCaps97Data
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Alias: dbCaps97Data
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!!!Unknown database.
Alias: dbCaps97Data
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Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database
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!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
!!!Unknown database.
Alias: dbCaps97Data
Error: dbCaps97Data: Cannot perform this operation on a closed database


Dave Yost
511 E. Scott Apt. 1
Kirksville, MO 63501-3671
ajax1642@planet-save.com

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,

Dave Yost


Brief outline sent today by FedEx.
RGDS


Lisa -

  lets look into the terminated contracts very closely (you will not have anything on these from me or Jenny).

   V

 -----Original Message-----
From: 	Grace, Rebecca M.
Sent:	Friday, May 24, 2002 8:50 AM
To:	Thompson, Virginia
Subject:	RE: matching Scheduling spreadsheets to EnPower

We have been asked not to make contact with terminated customers unless absolutely necessary so I expect there are a few discrepencies that Settlements has not found and entered into DMS.  What kind of e-mails are you getting?

RMG

 -----Original Message-----
From: 	Thompson, Virginia
Sent:	Friday, May 24, 2002 11:48 AM
To:	Grace, Rebecca M.
Cc:	Gang, Lisa
Subject:	RE: matching Scheduling spreadsheets to EnPower

she is working on it daily.   it is a huge project.  do we have any disputes for December 2001 numbers that are not in DMS?   I am getting lots of emails.

 V

 -----Original Message-----
From: 	Grace, Rebecca M.
Sent:	Friday, May 24, 2002 8:47 AM
To:	Thompson, Virginia
Subject:	RE: matching Scheduling spreadsheets to EnPower

Virginia,

Has Lisa had any luck with this?

Rebecca

 -----Original Message-----
From: 	Thompson, Virginia
Sent:	Monday, May 06, 2002 6:48 PM
To:	Grace, Rebecca M.
Cc:	Gang, Lisa; O'Neil, Murray P.; Savage, Gordon; Rance, Susan
Subject:	matching Scheduling spreadsheets to EnPower

Grace-

  In regard to proposal #3 in your email:

 Our Scheduler Lisa Gang has volunteered to go thru and see that EnPower matches the Scheduling excel worksheets for December 2001 thru January 2002.  Some changes have been made already by Susan Rance, Gordon Savage, or myself.  Lisa will attempt to hi-light further changes that need to be made to EnPower and we will make those changes here in West Volume Management.  Hopefully this will get EnPower trued up so that we have more confidence that EnPower is correct according to our information.

 V


No because Huggins is rolling his defense and that is an additional 12 points.  So your man Joe has to score 9.  Don't make me work the math.

 -----Original Message-----
From: 	Varnell, Charles
Sent:	Monday, October 22, 2001 1:56 PM
To:	Lucci, Paul T.
Subject:	RE:

I did win. 70-67.  I'm proving to the world that I don't even need a quarterback or a defense to win, I only need like three players.  No, the real story is the NFL played a nThursday night game without asking me if I had my lineup set first.  The nerve . . .

-----Original Message-----
From: 	Lucci, Paul T.
Sent:	Monday, October 22, 2001 1:00 PM
To:	Varnell, Charles
Subject:

Had you put any quarterback in this weekend you would of won.  What are you doing?

 << OLE Object: Picture (Device Independent Bitmap) >>


I'll see you guys at 11:45 in front of Beck's Prime in the tunnels.

To:   dgiron@enron.com, Randy G. Kruger Jr.@ANDERSEN WO,
      mikeshaw@andrews-kurth.com, todd.w.taylor@bakernet.com
cc:
Date: 10/17/2001 12:45 PM
From: SSCHROED@us.ca-indosuez.com
Subject:  Lunch

Since Todd was the only one of you guys to use the reply to all, and thus
try to make my job easier, we will go with his choice of where to eat,
which is Beck's Prime.  Todd makes a good point that it tends to get
crowded around noon, so let's meet at 11:45 so that we may get a table.  If
I'm not there go ahead without me. I've got a meeting that may last til
noon.  I'll catch up with you after that.  Also, Giron will be in lovely
Oklahoma (no doubt some punishment for his role in the $1.0BN in write-offs
they took) and won't be joining us.

See you tomorrow.

Schroeder

*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If
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Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.


Just so you had the latest matrices; although some of you directly received
these materials.  I anticipate being able to send you a revised draft of the
Purchase and Sale Agreement by next Tuesday morning.  No doubt, everything
will become clear in the next draft - materiality, Subject Companies,
required Authorizations, etc.  I anticipate circulating a full draft of the
Schedules by mid next week.  The plan would be to revise the draft schedules
based on the revised text of the Agreement and your further review of the
respective businesses generally.  We will also need to keep in mind some
sense of conformity as to how each unit is making their respective
disclosures.  The Schedules will not need to win an award for beauty at that
point, but do need to be well organized and make sense.  I encourage each of
the General Counsels to coordinate with Mary Joyce on HR matters, Frank Smith
or Dave Nutt on environmental matters, Cullen Duke on tax matters, Bob
Williams and Chuck Cheek on litigation matters, Rick Shapiro on regulatory
matters, and Jim Bouillion on insurance matters, just to make sure nothing
slips through the cracks.  Timing of course is critical.  The Disclosure
Schedules may become critical path items, and we may all hear that.    I
expect there will be great progress generally next week, and there will be
tremendous pressure to deliver a complete draft of the Schedules to Skadden
soon after the end of next week.  Your comments would likely need to be in by
the end of the week - sorry.  Please be aware that the Business Unit heads,
right before execution of the Agreement, are likely to have to sign-off on
the disclosures under the Agreement.  Truly, thanks for all the help.  Send
money or Disclosure Schedules.  Lance.
----- Forwarded by Lance Schuler-Legal/HOU/ECT on 07/21/2000 05:07 PM -----

	Nicole Alvino
	07/21/2000 12:22 PM

		 To: Bill Gathmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Randy
Young/SA/Enron@ECT, John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Fred L Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathleen
Carnahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Daniel
Castagnola/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ricky Lynn
Waddell/SA/Enron@Enron, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ananda
Mukerji/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Christopher B
Hunt/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Franz/Corp/Enron@Enron,
lbrasher@skadden.com, bhoghooghi@skadden.com, Sashby@skadden.com
		 cc: Cheryl Lipshutz/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Cullen
Duke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jan Johnson/GPGFIN/Enron@ENRON,
Richard Shapiro/HOU/EES@EES, Lance Schuler-Legal/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Amit Walia/HOU/ECT@ECT, Ceci Torn/Corp/Enron@ENRON,
Patrick Conner/HOU/ECT@ECT, mspradling@velaw.com, jdilg@velaw.com,
wjoor@velaw.com, sbarber@velaw.com, ashouse@velaw.com, ckornreich@velaw.com,
jkamine@velaw.com, bweiland@velaw.com, jamie.welch@csfb.com,
david.munoz@csfb.com, Victor.gonzalez@csfb.com, bradley.aitken@velaw.com
		 Subject: Project Summer Matrices

Attached please find the latest and greatest ABC matrix and Gty, LC, and
affiliate contract matrix.  The information has been updated in red by
comments we have recieved from the EI business units.  The new transfer level
and sever level info came from the A/B/C structure task force.  (Please note
that the A/B transfer level is the same as the sever level unless ptherwise
noted.)  It still needs to be reviewed by both sides.  We are waiting for
final regulatory issues and action items this weekend after a collaborative
effort from both sides.  There are still pieces of info in these matrices
that the deal team needs that are highlighted in blue.  Please fill in TBD to
the extent you can determine and send it back in green.

Please review both matrices and send changes to Nicole Alvino and Bill
Gathmann.

Thanks so much for all your help!


MARK HAEDICKE,
?
The PEP system closes on Friday, May 25, 2001.
?
Our records indicate that one or more of your direct reports has suggested
reviewers that you have not yet approved.  Feedback cannot be provided on
your employee until you approve the reviewers.
?
Please log into PEP at http://pep.enron.com and select Supervisor Services
from the Main Menu to approve your employees' reviewers.
?
If you have any questions regarding the PRC process or the PEP system, please
contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com


Group,

Last night we flowed energy out of the Alberta Power Pool.  We picked this
energy up at the BC border, used SNOPUD network to take it to Mid C, and sold
it for a nice profit to WWP.  Congrats to Jesse and Guzman for getting it
done.
I have set up two accounts with BPA that might be of use to us in working
with Enron Canada regarding the Alberta Power Pool.
The first account is from the BC Border to Malin.  This account is non-firm
on the network and non-firm on the malin intertie.  It is the same type of
product we use from Hotsprings down to Malin.  The North-South account number
is #682485.

I have also set up an account going South-North from the Caiso to BC Hydro at
the BC border.  This is non-firm on the Malin intertie and non-firm on the
network.  This account will allow us to flow north from the southwest through
California and take energy to either PowerX or the power pool.  The
South-North account number is #682781.

Additionally, there has been concern over selling a non-firm transmission
contingent product.  Remember you can buy spinning reserves(call option) and
then sell that energy as firm if you would like.

If you have any questions please let me know.
Bill


Here is a draft of the Master for Corn Products.

Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax


k#  MDQ  Delivery Receipt
894027  8000  M2  Access (this is less than the MDQ for now)

---------------------- Forwarded by Chris Germany/HOU/ECT on 09/29/2000 03:47
PM ---------------------------

Chris Germany
09/29/2000 03:44 PM
To: Meredith Mitchell/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON
cc: Scott Goodell/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT
Subject: Tetco MDQ's

Tetco MDQ's for OCT

k#  MDQ  Delivery Receipt
892510  16136  M3  Access (same as last month)
892511  7500  M3  Access (same as last month)
893145  5000  M3  Access (same as last month)
892875  9400  M3  Access (same as last month)

892872  19355  M2  Access (same as last month - this # may be too high)
894029  5000  M2  Access (new)
894028  5000  M2  ELA (new)

VNGk#
830015  10555  M2  Access (MDQ is higher but only use 10,555 dth)


I don't know who is going to work on this one, but I just wanted to remind
you that we had that big file with lots of due diligence on the TVA...
----- Forwarded by Tana Jones/HOU/ECT on 11/28/2000 11:50 AM -----

	Edward Sacks@ENRON
	11/28/2000 11:42 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT
		 cc: Tracy Ngo/PDX/ECT@ECT, William S Bradford/HOU/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON
		 Subject: Tennessee Valley Authority - ISDA Credit Worksheet

Attached please find the proposed credit terms for the ISDA Agmt.  Comments
or questions, please call.

Ed Sacks


For review and comment, prior to sending to AEP.

Regards,
BNG


take me off as well.  I have received several of these this morning. Thanks,
Barb

Chad Landry@ECT
04/11/2001 09:17 AM
To: Marc Pederson/Contractor/Enron Communications@ENRON COMMUNICATIONS@ENRON
cc: Sheila A Knudsen/ENRON@enronXgate@ENRON, All Enron Employees United
States@ENRON, IMCEANOTES-iBuyit/40ENRON@ENRON.com@ENRON
Subject: RE: Reply Requested: Do You Code Or Approve Invoices?

Take me off this list, PLEASE.

CKL

From: Marc Pederson@ENRON COMMUNICATIONS on 04/11/2001 09:12 AM
To: Sheila A Knudsen/ENRON@enronXgate@ENRON
cc: All Enron Employees United States@ENRON,
IMCEANOTES-iBuyit+40ENRON@ENRON.com@ENRON
Subject: RE: Reply Requested: Do You Code Or Approve Invoices?

No I do not.


Angelika.

Yes.

Vince

Angelika Staude <AStaude@iirltd.co.uk> on 04/12/2001 03:01:25 AM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: PoweRisk 2001 - Your Invitation

Vince,

Brilliant, thanks. Same sub points, same bio?

Best regards,

Angelika Staude
Director Gas & PoweRisk 2001

Tel: 0044 207 915 5675
Fax: 0044 207 915 5101
www.icbi-uk.com/powerisk

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 6:59 PM
To: AStaude@iirltd.co.uk
Cc: Vince.J.Kaminski@enron.com
Subject: Re: PoweRisk 2001 - Your Invitation

Angelika,

Thanks for the invitation.
Yes, I shall be glad to attend and repeat the same presentation.

Vince

Angelika Staude <AStaude@iirltd.co.uk> on 04/09/2001 04:19:08 AM

To:   "'vince.j.kaminski@enron.com'" <vince.j.kaminski@enron.com>
cc:
Subject:  PoweRisk 2001 - Your Invitation

                               PoweRisk 2001

       The Global Premier ForumforEnergy Trading & Risk  Management

                     ?6th - 9th November  2001, Paris

Dear Mr Kaminski,

I am responsible for the programme of this year's  PoweRisk conference in
Paris. Helyette Geman has informed me that she has  contacted you
concerning the workshop and that you are happy to do it with her  again
this year - brilliant!

I would like to know if you are also interested in  delivering a paper
again. The audience in previous years greatly appreciated  your
contribution, and I would me more than happy if you could join us again.

To give you an idea of the programme so far, these are  the ("technical")
topics that are already covered:

Chris  Strickland: Forward Curve Models with Jumps for the Pricing of
Exotic Energy  Contracts

   multi-factor forward  curve models for the valuation of energy contracts
   adding jumps
   applying the models to  exotic energy options
   extensions to multiple  energy contracts

Les  Clewlow: Valuation and Risk Management of Virtual Power Stations and
Gas  Supply Agreements

   Structures of  Gas Supply Agreements (GSA)
   Relationships  between Physical and Virtual Power Stations (PPS/VPS)
   Valuation  methods for GSA's and VPS's
   Risk Analysis of GSA's  and VPS's

Derek Bunn, Professor of Decision  Sciences, LONDON BUSINESS SCHOOL:
Analysing The Impact Of NETA On  Market Efficiency & Volatility In The UK
Energy  Market

Chris Harris,  Director of Market Development.Operations and Engineering,
INNOGY: Applying  Cutting-Edge Portfolio Management Theory In Order To
Optimise Your Risk Exposure

   Establishing  and valuing the key factors using a bottom up approach
   Looking at  the interconnection between key factors
   The treatment of the risk  of infrequent but high impact events

Peter  Nance, Principal, TEKNECON: Combining Power  Systems And Monte Carlo
Simulations For Effective  Pricing

Dan  Mansfeld, Head of Risk  Control,  VATTENFALL:  Assessing The Benefits
And Risks Of Using  Derivatives As Part Of Your Risk Management Strategy

Spyros  Maragos: Analysing New Approaches To Building Forward Curves From
Available  Market Data

Tamara  Weinert, Credit and Contracts  Manager, MIRANT  ENERGY:
Successfully Measuring & Managing Credit  Risk

   What is  Credit Risk?
   Major changes  in the industry and their impact on Credit Risk
   Effects of  new risk profiles on credit appetite: Credit analysis; Limit
   Setting; Risk  Reducing Structures
   Importance of Credit in  the Organizational Structure: Reporting;
   Dependence; Structure of Credit  Department

Brett  Humphreys: Examining Cutting-Edge Credit Exposure Mitigation Tools:
Combining  Counterparty and Portfolio Credit VaR Techniques

Helyette Geman: Pricing of exotic energy derivatives and structured
contracts

Please let me know if you are interested  in joining the PoweRisk 2001
speaker panel, and which topic you would like to  cover. I think that
something along the lines of last year's talk (State-of-the-Art Volatility
And Correlation Estimation  Techniques For Multiple Energy Portfolios)
would be brilliant again, but please  feel free to chose something else
that has not been covered  yet.

I look forward to hearing  from you,

Kind Regards,
Angelika  Staude

Director?PoweRisk  2001

Tel: 0044 207 915  5675
Fax: 0044 207 915  5101

PS: For your information, please find enclosed a list  of confirmed
speakers for PoweRisk 2001.
(See attached file: Confirmed Speakers.doc)


----- Forwarded by Jeff Dasovich/NA/Enron on 01/22/2001 04:58 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/22/2001 04:50 PM

		 To: Jeff Dasovich/NA/Enron@Enron, tyson@haas.berkeley.edu,
pverleger@compuserve.com
		 cc:
		 Subject: Proposal for California

Dean Tyson:
Attached is the proposal.  Your comments are welcome and appreciated.  I'd be
happy to input any that you might have prior to forwarding to Secretary
Summers.  Phil and I will have a list of potential contacts from the business
community to review in the next couple of hours.  If you need anything, don't
hesitate to contact me.  Perhaps you and Phil and I could touch base later
today or this evening to talk about next steps.  Thanks again for your
efforts.

Best,
Jeff

415.782.7822
pager: 888.916.7184


Following is the list of admins in 3AC this memo should go to:

Acosta, Hope; Adamek, Gaby; Alder, Amelia; Alexander, Betty; Arteaga, Nessi; Beddingfield, Liz (Mary); Carnes, Molly; Cole, Cheryl; Eagle, Monica; Forney, Judy; Frie, Kathie; Garza, Sarita; Hernandez, Dahlia; Jones, Nyree; Ladish, Kim; Lehr, Tonai; Melton, Teddie; Meyer, Melinda G.; Morris, Alliece; Pattison, Kim; Perales, Maria; Torres, Anabelle; Willard, Kathy; Young, Debra

Thanks for your help with this.

Ruthann
x66538

 -----Original Message-----
From: 	Daily, Pamela
Sent:	Monday, November 26, 2001 3:48 PM
To:	Frausto, Ruthann
Subject:	FW: Draft memo to admins

Let's go ahead with this, please. If you would forward a list to Rod and/or Kathy to send out from Rod, please...

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Thursday, November 15, 2001 11:05 AM
To:	Frausto, Ruthann; Daily, Pamela
Subject:	RE: Draft memo to admins

How about sending it out from me.

 -----Original Message-----
From: 	Frausto, Ruthann
Sent:	Thursday, November 15, 2001 10:32 AM
To:	Hayslett, Rod; Daily, Pamela
Subject:	RE: Draft memo to admins

How's this?

Recently we've had a couple of mix ups regarding vacant office space and phone moves. In light of this, we'd like to help by coordinating the moves in 3AC like we've been doing in the Enron Building. We know you are all very busy, and we'll be happy to submit move requests for you, including telephone moves and reassignments.

This will also enable us to keep current on floor space billing and make sure it gets corrected when an employee moves.

Please contact Ruthann (x66538) for assistance with any moves in 3AC, and Pam (x36135) for assistance with any moves in the Enron Building. Of course, if one of us is unavailable, feel free to call the other. If an office or cubicle is vacant and you would like to move someone into it, please contact us, so we can help coordinate it and hopefully avoid confusion.

Thanks for your help.

Pam Daily and Ruthann Frausto

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, November 13, 2001 8:51 AM
To:	Daily, Pamela; Frausto, Ruthann
Subject:	RE: Draft memo to admins

Maybe overkill, I would rather send them an email talking about the problems, and they have to let you 2 know when they going to use a space, and how they can coordinate stuff with you 2 instead of dictating.   I am little touchy right now about how to approach people, so we need to be careful.   I am open to more discussion on this, just would like to soften the tone a litlle.

 -----Original Message-----
From: 	Daily, Pamela
Sent:	Monday, November 12, 2001 6:18 PM
To:	Frausto, Ruthann
Cc:	Hayslett, Rod
Subject:	RE: Draft memo to admins

That sounds good. We might also want to include any other request that would potentially use a "space" such as tables for data rooms, contractors, etc. If they think it only applies if they are actually moving a person or phone, the spaces we think we have available may be used without churns. For instance, sometimes I think spaces are available for use, only to find boxes and/or equipment has been set up. Just a thought. What do you think -- overkill?

 -----Original Message-----
From: 	Frausto, Ruthann
Sent:	Monday, November 12, 2001 3:19 PM
To:	Daily, Pamela
Subject:	Draft memo to admins

What do you think of this to send out to the admins in 3AC?

In an effort to better control our space planning needs, effective immediately all ETS moves will be coordinated by Pam Daily and Ruthann Frausto. This pertains to all moves, including telephone only moves.

Please contact Pam (X36135)  regarding any moves in the Enron Building, and contact Ruthann (x66538) regarding any moves in the 3AC building. Of course, if one of us is unavailable, feel free to contact the other.

Thank you for your cooperation.

Feel free to make any changes you'd like.

RF


yes

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/13/2001 12:10 PM

		 To: skean@enron.com
		 cc:
		 Subject: Re: Fellow referred to me by Ken Lay

Steve:
Based on the note from Rosalee, and if you agree, I'm going to assign low
priority to the issue.

Jeff

	Rosalee Fleming
	03/13/2001 08:46 AM

		 To: Steven J Kean/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Vanessa Groscrand/Corp/Enron@ENRON
		 Subject: Re: Fellow referred to me by Ken Lay

Hi Steve and Jeff -

This was a cold call to Ken that Vanessa took while we were in Exec. Comm.
meeting.  She had asked Ginger who to refer him to as it was CA. and she
mentioned Jeff.  Please only call if there is any interest.

Rosie

From: Steven J Kean on 03/12/2001 04:46 PM
To: Jeff Dasovich/NA/Enron@Enron
cc: Vanessa Groscrand/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON
Subject: Re: Fellow referred to me by Ken Lay

It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


According to Sidley & Austin, the CFTC has registered its first "agricultural
trade option merchant" -- Kent Feeds, Inc. of Muscatine, Iowa.  Its website
is http://www.livestocknutrition.com


Lamar --

It is critical that every customer in California that switched (signed new or renewal customer) during this year.  We need a contact person for each account.  The key to securing a better date is to have the customers push the Governor and the Legislature and the CPUC.

We are able to provide phone numbers and contacts through our trade groups.

Jim


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<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://i.pm0.net/remove?notimemedia
* Enter your email address (alewis@ect.enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "notimemedia".

OR...

* Reply to this message with the word "remove" in the subject line.

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pmguid:15q.1cui.jx32


-----Original Message-----
From:  Oxley, David
Sent: Friday, June 08, 2001 3:12 PM
To: Brown, Suzanne
Cc: Corteselli, Gina; Olson, Cindy; Joyce, Mary
Subject: RE: 6/8/01 Version

I talked with Delainey and sent him draft per his request. Wait and see. He
will call for us to go see him Monday to discuss.

Suzanne, this is good stuff.

David

 -----Original Message-----
From:  Brown, Suzanne
Sent: Friday, June 08, 2001 3:08 PM
To: Oxley, David
Cc: Corteselli, Gina
Subject: 6/8/01 Version

 << File: PRC Trends_Home v3.ppt >>


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Enron Payroll@ENRON
Sent:	Wednesday, November 07, 2001 4:28 PM
To:	Enron Payroll group@ENRON
Subject:	Viewing Electronic Pay Stubs

Effective with the November 15 payday, electronic viewing and printing of your direct deposit advice will be available on eHRonline.  This new feature allows you to view your pay information at a time convenient for you.  Later this year, you will be able to view this information from your home on your ClickAtHome computer.

The following is information to help you view this document beginning on November 15.  To access and print your pay advice from eHRonline:

  1.	Log-on to eHRonline with your "P" number and password.
For more details on how to log-on to eHRonline, see
step-by-step instructions at
http://isc.enron.com/site/doclibrary/user/
  2.	Navigate to the pay advice using the following navigation
menus:
?	Pay Information
?	Paycheck Inquiry
  3.	Select the appropriate payroll period.
  4.	Click on the Continue button.
  5.	Click on the payroll period link under the Period heading;
a new window opens.
  6.	Select the Open this file from its current location option.
  7.	Click on the OK button; this starts Adobe Acrobat Reader.
  8.	View your pay advice.
  9.	Click on the Print icon from the main toolbar.
10.	Verify/change the displayed printer.
11.	Click on the OK button to print the pay advice at the
designated printer.  For more details on how to view & print
your pay advice from eHRonline, see step-by-step
instructions at http://isc.enron.com/site/doclibrary/user/

The advice information will remain on this site throughout the year allowing you to view or print the information at your convenience.  You can view a sample of the online pay stub by following this link to http://hrweb.enron.com/, click on Payroll Services and then on Payroll Forms.

If you'd like more details, there will be an Information Booth on November 13 through 15 from 11 am to 2 pm in the lobby of Enron North.  Come by and visit with Payroll Representatives who will demonstrate how the process works.


request_number:  DS-WA:017
firstname:  Terry
lastname:  Mundorf
e-mail:  terrym@millcreeklaw.com
exhibit_wp-02-e-:  JGC-01, 02
page_numbers:
request_text:
request_text:  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 produce" has the meanings
described below.  With respect to oral communications, "disclose and/or
produce" 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 produce" 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 produce" 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 produce" 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:  WPAG objects to this Data Request on the grounds that it (1)
seeks information that is not relevant and (2) seeks information that is
unduly burdensome to produce.  (Rules of Procedure Governing Rate Hearings,
Section 1010.8(b).)  WPAG 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 to information sought will be put,
(Special Rules of Practice, WP-02-O-01.)and was received after the deadline
for submission of data requests.  Without waiving the foregoing objections,
we respond as follows:

See response and exhibits to DS-WA:017

The following information is from the web server:
1.  Logon: IUSR_GRANITE
2.  Remote Host:  router.millcreeklaw.com
3.  Remote IP Address:  204.57.181.3
4.  Form URL:
https://secure.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_response.html
5.  Browser Client:  Mozilla/4.0 (compatible; MSIE 5.01; Windows 95)


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 03/13/2001
04:00 PM ---------------------------

"Benotti, Stephen" <stephen.benotti@painewebber.com> on 03/13/2001 12:58:24 PM
To: "'pallen@enron.com'" <pallen@enron.com>
cc:
Subject: FW: ALL 1099 TAX QUESTIONS - ANSWERED

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.
 - 1494 How To File.pdf


Welcome to Continental Airlines On-Line Reservations.

Below is your new membership information.  Please keep this
confirmation e-mail as a record of your Member ID.

Your Member ID is: dbaughm

The Continental Airlines Internet address is: http://www.continental.com/

Whether for business or pleasure, Continental Airlines makes it
easy for you to plan and purchase travel arrangements that best
meet your budget and personal preferences.  Continental Airlines is on the job
24 hours a day, 7 days a week.  With a click of your mouse, you can:

* Reserve and purchase airline tickets
* Reserve hotel rooms
* Reserve rental cars
* Research over 300 destinations in the World Guide
* Chart your course with over 200 city maps
* Catch up on the latest travel news, weather and more

We look forward to fulfilling all of your travel needs.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 04/19/2000
02:03 PM ---------------------------

Dora Thurmond <dora_thurmond@uniteddc.com> on 04/07/2000 12:14:37 PM
To: Judy Hernandez/HOU/ECT@ECT
cc:
Subject: FW: Have a Blessed Day!

Dora Thurmond

-----Original Message-----
From:  Dereca Sample
Sent: Friday, April 07, 2000 10:57 AM
To: Dora Thurmond
Subject: FW: Have a Blessed Day!

-----Original Message-----
From: DARLENE JEFFERS [mailto:dj2474@compaq.net]
Sent: Tuesday, April 04, 2000 8:57 PM
To: Groves, Shannon; Land, Mary; Smith, Kathie; Smith, Leronda; Jackson,
 Twilla; Henry, Kelly-Ann; Sample, Dereca; Jones, Boyd; andrea tate;
 WILLIAMS, TERRI; WILLIAMS, GEYA
Subject: Fw: Have a Blessed Day!

>
>
> Hope this blesses you today!
>
> (click on one of  the files below)
> http://www.enol.com/~jyeoman/gallery.html
> <http://www.enol.com/~jyeoman/gallery.html>
>
>
>
>

 - att1.htm


Enron Hits Back At Indian State In Long Dispute Over Power Fees
The Wall Street Journal, 05/21/01

Saudis Signal Bigger Is Better In Gas Project
The Wall Street Journal, 05/21/01

Corrections & Amplifications
The Wall Street Journal, 05/21/01

Power: Bush Plan, Davis Reactions
Los Angeles Times, 05/21/01

Enron pulls out of multi-billion-dollar Gulf gas network
AFX News, 05/21/01

UAE: UPDATE 2-Enron sells stake in Dolphin project.
Reuters English News Service, 05/21/01

UK PRESS: Energy Grps May Express Interest In Montedison
Dow Jones International News, 05/21/01

INDIA: India's Enron lenders to lobby for government help.
Reuters English News Service, 05/21/01

Dabhol project suffers $400-m cost overruns
The Economic Times, 05/21/01

The mouth that roared
The San Francisco Chronicle, 05/21/01

COMMENT & ANALYSIS: India's power struggles: Enron's plight could mark a
turning point in India's attempts to attract foreign investment, says David
Gardner: Financial Times; May 21, 2001

Enron Withdraws From U.A.E.'s $2 Bln Gas Project (Update1)
Bloomberg, 05/21/01

Lenders to Enron's Indian Unit Hoping for Solution (Update1)
Bloomberg, 05/21/01

State Bank, ICICI Decline as Enron Plans to Pull Out of India
Bloomberg, 05/21/01

ANZ Investment's Rangnekar on Loans to Power Companies: Comment
Bloomberg, 05/21/01

International
Enron Hits Back At Indian State In Long Dispute Over Power Fees
By Jesse Pesta
Staff Reporter of The Wall Street Journal

05/21/2001
The Wall Street Journal
A14
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -- Enron Corp.'s troubled Indian power project turned up the heat
in its battle with its only customer, the Maharashtra State Electricity
Board, by taking a formal step toward ending its contract in six months.
Dabhol Power Corp. also outlined the key points it says should underpin
future negotiations in the dispute over unpaid bills.
The fight between Dabhol and Maharashtra is closely watched because the $3
billion power plant near Bombay is India's largest foreign investment.
Dabhol, of which Enron owns 65%, says it's owed $48 million in unpaid bills
by the state electricity board for December and January. However, the
cash-strapped electricity board counters that Dabhol owes it four billion
rupees ($85 million) in fines for a service lapse around the same time, which
Dabhol disputes.
On Saturday, Dabhol issued a preliminary termination notice, the first of
several prescribed steps toward ending the contract. It triggers a six-month
cooling-off period.
"After months of working with Maharashtra State Electricity Board, government
of Maharashtra and government of India to find solutions, it is apparent that
MSEB and [Maharashtra] are unwilling to honor their...commitments," Dabhol
said. The statement also blasted India's central government, saying it
recently failed to send a representative to the first round of talks over the
dispute. Dabhol holds a guarantee from the central government to cover
payment defaults.
Vinay Bansal, chairman of the Maharashtra State Electricity Board, said he
received Dabhol's notice and will respond, although "we will take some time;
we have the six-month suspension to work with," he said. In the meantime, he
expects negotiations to continue. The state government has set up a panel,
the Godbole Committee, to study the contract between Dabhol and the
electricity board. Dabhol's critics say its rates are unreasonably high.
Dabhol has said its rates aren't out of line.
Dabhol's weekend statement also outlined its terms for resolving the problem,
saying a solution can occur only if the parties contractually bound to
purchase Dabhol's power -- the electricity board, with guarantees from the
state and national governments -- "are willing to either purchase themselves
or find other creditworthy entities" willing to buy electricity from Dabhol's
2,184-megawatt plant. Those requirements "should form the basis for any
future discussions," Dabhol said, "and not the Godbole Committee report."
Mr. Bansal, electricity-board chairman, responded yesterday that the "Godbole
Committee is the forum available for negotiations." He added that "all
discussions should be without prejudice and precondition, and all solutions
will have to be explored."

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Economy
Saudis Signal Bigger Is Better In Gas Project
By Thaddeus Herrick
Staff Reporter of The Wall Street Journal

05/21/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

In tapping some of the world's largest oil companies to help build a
multibillion-dollar natural-gas infrastructure, Saudi Arabia is signaling
that bigger really is better in competing on the world stage.
The oil industry has been notable for its huge mergers in recent years as
Exxon Corp. joined with Mobil Corp., British Petroleum PLC gobbled up two big
American companies, and TotalFinaElf SA of Paris was formed from three
European companies. In consolidating, the companies said that they needed
heft and deep pockets to bid for projects like Saudi Arabia's and match
effectively with national oil companies.
Friday, Saudi Arabia said it picked just eight companies to participate in
three projects that are expected to total $25 billion over several years, and
most of the companies selected have grown by mergers or acquisitions in the
past two years.
"This is really a game for the big boys," says Roger Diwan, an analyst with
the Petroleum Finance Co., a consulting firm in Washington, D.C. Mr. Diwan
says the largest companies are willing to take bigger risks, have more
capital and can take a longer view.
Exxon Mobil Corp. of Irving, Texas, and the Anglo-Dutch Royal Dutch/Shell
Group each will participate in two of the three projects. Other participants
include London-based BP PLC, TotalFinaElf and Enron Corp. of Houston, the
only nonoil company chosen. Chevron Corp. of San Francisco, Rome-based ENI
SpA and USX-Marathon Group of Pittsburgh made the short list, but weren't
selected. "Not everyone wanted this badly," Mr. Diwan says. "But no one
wanted to be left out."
The selection comes more than two years after Saudi Crown Prince Abdullah
invited major oil companies to return to the kingdom. For Saudi Arabia, the
gas projects promise to bring in foreign investment that will help create
jobs for the country's booming work force.
Oil companies, however, are hopeful that the foot in the door will someday
lead to a piece of Saudi's oil business as well. Saudi Arabia sits atop more
than a quarter of the world's oil reserves. While oil has been off limits
since the mid-1970s, when the Saudis nationalized the industry, the
international companies are eager to be in position should oil open up again.
"Ultimately, it's oil that everyone is eyeing," said Fadel Gheit, an analyst
with Fahnestock & Co.
While Exxon Mobil was tapped to lead a project along the Red Sea coast,
leaders for the Ghawar and Shaybah projects aren't expected to be chosen
until June. After that, negotiations on terms for the three ventures will get
under way; it may be months before final agreements are signed.
State oil company Saudi Aramco will hold equity in the projects and oversee
them. Though the projects may include some natural-gas exploration, the main
thrust of the ventures is to build natural-gas infrastructure, such as
petrochemical, desalinization and power plants.
Occidental Petroleum Corp., Los Angeles, will join Enron and leader Exxon
Mobil on the Red Sea project. Both Exxon Mobil and Shell were chosen for the
marquee $15 billion Ghawar project, along with BP and Phillips Petroleum Co.
of Bartlesville, Okla. The Shaybah project in the kingdom's Empty Quarter
will include Shell, TotalFinaElf SA and Conoco Inc. of Houston.
Chevron, which has agreed to acquire Texaco Inc., said the Saudi gas
initiative didn't meet the company's business objectives. Chevron bid on the
Ghawar project and hoped to make exploration and production as well as
petrochemical investments, said spokesman Fred Gorrell. But apparently such
investment opportunities weren't offered. Chevron is still thought to be
well-positioned in Saudi Arabia because of Texaco's exploration and
production activity in the so-called neutral zone between Saudi Arabia and
Kuwait.
Industry analysts say Saudi Arabia is also hoping to give Washington more
incentive to protect the kingdom from its Middle East adversaries, while at
the same time allowing the country to keep political distance from the U.S.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Corrections & Amplifications

05/21/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

ENRON Corp. and its employees contributed a total of $1.3 million during the
2000 presidential campaign to George W. Bush's presidential effort, the
Republican Party and the presidential inauguration. A chart accompanying a
page-one article Friday on Enron's political connections mislabeled the total
amount as $1.3 billion.
(See accompanying illustration -- WSJ May 18, 2001)

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

California; Letters Desk
Power: Bush Plan, Davis Reactions

05/21/2001
Los Angeles Times
Home Edition
B-10
Copyright 2001 / The Times Mirror Company

Davis is spouting pure hypocrisy as he takes on Reliant Energy (May 17). He
mentions no word of Enron, another "gouger." Why? Because the state public
employees' retirement system is heavily invested in Enron, and, in fact,
CalPERS has a billion-dollar business deal with Enron aside from stock. The
state and Enron are business partners. CalPERS is also invested in many other
energy companies. If one studies the energy sector of the financial world,
CalPERS is in the midst of everything. And CalPERS, because of its large
stock holdings, has the power of influence over corporate boards.
So Davis, who has spent the past two years raising campaign funds, is really
just laying down a diversion. The state is an energy gouger and profits from
it.
Andy Levinson
Thousand Oaks

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron pulls out of multi-billion-dollar Gulf gas network

05/21/2001
AFX News
(c) 2001 by AFP-Extel News Ltd

ABU DHABI (AFX) - Enron Corp pulled out of a project to deliver Qatari gas to
the United Arab Emirates (UAE) by selling its 24.5 pct stake in the Dolphin
Energy Project to its partner, the state-run UAE Offsets Group (UOG).
No price was disclosed.
UOG will own 75.5 pct of DEL, which was set up in July 2000 to implement the
gas project, while TotalFinaElf continues to hold the remaining 24.5 pct.
"The project has evolved into a strong upstream and gas transportation and
delivery project. Enron is not an upstream company," the managing director of
Enron Middle East explained to reporters.
DEL's chairman Ahmad Ali al-Sayegh said new partners would be brought into
the venture to transport 2 bln cubic feet per day (20 mln cubic metres) of
Qatari natural gas by undersea pipeline to the UAE and on to Oman.
Patrick Rambaud, a TotalFinaElf vice president, said his company wanted to
increase its own equity in DEL. "This project fits perfectly with our
strategy for long-term presence in these countries," he said.
The first phase of the gas project has a price tag of between 3.5-4 bln usd.
str/kl/cmr
For more information and to contact AFX: www.afxnews.com and www.afxpress.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

UAE: UPDATE 2-Enron sells stake in Dolphin project.
By Ghaida Ghantous

05/21/2001
Reuters English News Service
(C) Reuters Limited 2001.

ABU DHABI, May 21 (Reuters) - U.S. Enron Corp has bowed out of a $3.5 billion
project to route Qatari gas to the United Arab Emirates and sold its stake in
Dolphin Energy Ltd (DEL), the project chairman and U.S. firm announced on
Monday.
Enron sold its stake to the UAE Offsets Group (UOG) for an undisclosed amount.
Richard Bergsieker, the U.S. firm's Middle East managing director, told a
news conference in Abu Dhabi that Enron did not believe it could add much to
the project in its current stage.
"As the project had evolved into a strong upstream gas supply project and gas
transport and delivery, we don't believe there is a lot of value that Enron
can add," he explained.
"The project requires longterm equity investment in upstream and Enron is
frankly not an upstream company."
DEL Chairman Ahmed Ali al-Sayegh had earlier said that Enron had agreed to
transfer its 24.5 percent stake in Dolphin to UOG for an undisclosed amount,
raising the UAE firm's stake to 75.5 percent. TotalFinaElf holds the
remaining stake.
Patrick Rambaud, TotalFinaElf's senior vice president for the Middle East,
said his firm has formally asked UOG to increase its own stake in the
project. Sayegh, however, said UOG was seeking a different partner.
"We are studying the TotalFinaElf request... (but) there will be another
partner in the project," he said. "Starting tomorrow, we will begin
negotiations with the international firms who have shown interest in
acquiring a state. They are more than eight companies."
He refused to name the firms but said "everybody who is working in the Gulf
is interested. We are not in a hurry to choose a partner."
PRODUCTION SHARING DEAL ON SCHEDULE
Qatar and DEL in March signed a "commercial term sheet agreement" which
outlined the conditions of the upstream agreement for the long-awaited $3.5
billion project.
The two sides aim to sign a production sharing agreement by the end of the
third quarter 2001. Sayegh said they would stick to that deadline. "The
latest date is mid-September," he added.
Qatar, which sits on the world's third largest gas reserves, is seeking to
boost its natural gas exports to the Gulf region after investing billions of
dollars to tap its vast gas riches.
The gas deal would entitle DEL to develop a tract of Qatar's giant North
Field and produce up to two billion cubic feet per day (cfd) of gas. UOG is
to invest $2 billion in developing the tract, drilling and setting up
production facilities.
The remaining $1.5 billion would be invested to lay a pipeline and set up
receiving terminals at Dubai's Jebel Ali and Taweelah in Abu Dhabi.
First gas is targeted to reach the UAE capital Abu Dhabi by late 2004 or
early 2005. About one billion to 1.5 billion cfd of Qatari gas would be used
by utilities in Abu Dhabi and the remainder supplied to Dubai.
DEL has started inviting local, regional and international companies to
prequalify for five contracts between May 19-23 following the establishment
of a technical project team to oversee the implementation of the first
cross-border gas pipeline project in the Middle East.
Engineering and construction management firms will have two weeks to submit
their prequalification statement for each contract after the date of the
official announcement.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

UK PRESS: Energy Grps May Express Interest In Montedison

05/21/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

MILAN -(Dow Jones)- Electricite de France's (F.EDF) purchase of 4% of
Montedison SpA (I.MNT) may soon force other large energy groups to express an
interest in the Italian holding company, the Financial Times reported Monday.
Enron (ENE), Vivendi SA (F.VVN), Electrabel (B.ELE), RWE AG (G.RWE) and Eon,
British Gas and others also could make a move to acquire Montedison's Edison
SpA (I.EDS) and Sondel SpA (I.SON) units, industry executives and analysts
say.
Newspaper Web site: http://www.ft.com
-Milan bureau; Dow Jones Newswires; 39(0)2-7601-5386

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

INDIA: India's Enron lenders to lobby for government help.
By Anirban Nag and Sriram Ramakrishnan

05/21/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, May 21 (Reuters) - Indian lenders want the federal government to
intervene after a threat by U.S. energy giant Enron Corp, the country's
largest foreign investor, to walk out of a giant power project put their
loans in jeopardy.
"We want the government to step in and resolve the matter with lenders'
interests in mind. We are continuously monitoring the situation," a senior
official at one of the lenders told Reuters late on Sunday. The official did
not want to be named.
Local lenders including the Industrial Development Bank of India, ICICI Ltd
and the country's largest commercial bank, State Bank of India, stand to lose
if Enron pulls out.
They have lent $1.4 billion out of the project's total cost of $2.9 billion.
The rest of the project is being funded through equity and by loans from
foreign banks led by ABN AMRO
Shares of the local lenders fell in early trade on Monday with IDBI sliding
9.39 percent to 24.60 rupees, SBI dipping 1.1 percent to 233.60, while ICICI
was down six percent to 84.90. The 30-share Bombay index was up 0.17 percent
at 3,661.19 points.
The project is now 90 percent complete, but faces an uncertain future after
Enron's Dabhol Power Company (DPC) on Saturday issued a preliminary notice to
terminate power sales from the plant.
DPC cited payment defaults by the buyer, the Maharashtra State Electricity
Board (MSEB) and non-cooperation from the federal and state government as the
reason behind the move. The notice leaves the door open for negotiations for
six months.
The latest move is likely to further tarnish India's poor image as a place to
set up power projects.
The federal government has so far not reacted to the termination notice,
although analysts say the country needs to tap more foreign investment in the
power sector.
OTHER CUSTOMERS
"This is a complex problem and cannot be solved instantly. The basic issue is
the cost of power and there needs to be an agreement on a reasonable tariff,"
the official said.
MSEB has said the power produced by DPC is expensive and has refused to buy
the output from the second phase. The contract between the two signed in the
mid-1990s had called for MSEB to buy the entire capacity of 2,184 MW. The
first phase of 740 MW began operations in May 1999.
Enron has said it is open to negotiations and that the cost of power would
fall once the second phase of 1,444 MW starts operations.
The lenders would like the government to clear MSEB's defaults of $48 million
and also find a buyer for electricity from the second phase.
But the banker said roping in other customers to buy the second phase's
output could be difficult to achieve.
"If the first phase is generating excess power, who will buy the power from
the second phase?" he asked.
TO BLOCK FURTHER LOANS
The official said Indian lenders had decided to block further loans to the
second phase till an agreement was reached. The SBI, for instance, had
sanctioned about 20 billion rupees ($425.9 million), but has disbursed only
14 billion rupees so far.
Both ICICI and IDBI officials declined to comment, but sources said the
domestic lenders were acting together.
Indian lenders said they were hopeful the matter could be resolved given
there was a window of six months for negotiation.
"There is no reason to panic. We are hopeful that talks will resolve the
issue," said the official.
Indian media speculated at the weekend that the balance sheet of the lenders
would be under pressure if the dispute was not resolved quickly. ($1 = 46.96
Indian rupees).

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Dabhol project suffers $400-m cost overruns
Anto T Joseph

05/21/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

MUMBAI
AS IF the current dispute with the Maharashtra government was not enough, the
Dabhol project now has to deal with cost overruns.
The Enron-promoted Dabhol Power Company has experienced a cost overruns to
the tune of $400 million, taking the total project cost to $3.3 billion.
DPC, which issued a preliminary termination notice to Maharashtra State
Electricity Board on Saturday (May 19), is in a fix as both domestic and
offshore lenders have refused to increase their exposure in the controversial
power project, the largest-ever foreign direct investment, so far, in India.
After Indian lenders stopped disbursements as a fallout of a long payment
crisis, DPC is believed to have scouted for foreign debt, albeit
unsuccessfully, to maintain the debt-equity status quo at 70:30 ratio.
DPC's issuance of PTN has compounded the problem. According to the power
purchase agreement between the MSEB and Enron, issuing a PTN would mean
fixing a deadline of six months for pulling the final plug on the project.
"As of now, the FIs have held back $250-million debt to the project. Once the
PTN is served, DPC can't expect lenders to make any more disbursements, and
it has almost sealed the fate of the project," said a financial institution
source.
While the 740-mw phase I is operational, the second phase of 1,144 mw was
expected to be fully operational by the year-end. One unit of 740 mw (part of
the second phase) is undergoing trial-runs, and was expected to be
commercially operational in June.
Sources said the huge cost overruns had been a major deterrent in project
completion. Worried by the mounting payment defaults, the EPC (engineering,
procurement and construction) contractor of the project -- Bechtel -- is
believed to have threatened to pull out of the project by mid-June.
The cost overruns stem from devaluation of the rupee vis-a-vis the dollar and
an increase in equipment cost. Indian FIs are now wary of further cost
overruns owing to the delay in project execution.
"Indian FIs, who have contributed 40 per cent of $2.9 billion (earlier
project cost), had refused to take more exposure. DPC was forced to approach
foreign lenders for raising funds to cover the cost overruns. They have also
taken a negative stand," said sources. The ABN-AMRO led offshore consortium
is believed to have refused to contribute any more debt to the project.
The only way out for DPC is for the promoters to increase their equity
contributions. Proportionately, Enron, which holds around 65 per cent in DPC,
will have to shell out a major chunk if this were to happen.
DPC's move to issue PTN has considerably irked Indian institutions. Lenders
were planning to cast a confidential vote on PTN this week. However, armed
with the required mandate from offshore lenders, DPC went ahead and issued
the PTN.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

NEWS
ROB MORSE
The mouth that roared
Rob Morse

05/21/2001
The San Francisco Chronicle
FINAL
A.2
(Copyright 2001)

Last week I was watching the TV news and saw a frightening sight. An angry
Gray Davis was declaring war on Texas.
"We are literally in a war with energy companies who are price- gouging us,"
the governor said, shaking with something that looked an awful lot like
emotion. "Many of those companies are in Texas."
In typical Davis style, the governor is a little late in declaring war on
Texas. If he had been president in 1942, he would have spoken of that day of
infamy in 1941.
It also was a typical Davis half-measure. He didn't declare war on all of
Texas, just the Texans who poll badly in California.
Those would be George W. Bush and his friends and contributors who cut off
our power, robbed us, and then used us as an example of why the nation needs
holes punched in Alaska and hundreds of Homer Simpsons put in charge of
nuclear fuel rods.
Davis isn't the type to boldly declare unlimited war on all of Texas,
certainly not "Austin City Limits," chili and the Texans we love, like Willie
Nelson, Tommy Lee Jones, Charlotte Mailliard Shultz and Willie Brown.
But Davis had a Texas stereotype in mind as he spoke of the hardscrabble
hombres in Houston high-rises who are smart and mean and are holding us up
long-distance. Yep, it's as if Texas is saying to California, "Your money or
your lifestyle."
Davis said he would retaliate each month by naming a Texas corporation "pig
of the month."
Yeah, that'll hurt those guys at Reliant Energy and Enron.
-----------------------
HAVING GRAY DAVIS ON YOUR SIDE IN A DUSTUP WITH A BUNCH OF TEXANS IS LIKE
HAVING THE HEAD OF THE HIGH SCHOOL AV CREW ON YOUR SIDE IN A RUMBLE WITH THE
CRIPS.
Right now the gashouse gangsters in Houston are having a jeweler make
14-karat gold pigs they can wear proudly in their lapels while they eat steak
and laugh at Californians deprived of their sushi because of the loss of
refrigeration. Texas kids will have bumper stickers on their fuel-
inefficient scooters saying, "My dad is a proud pig of the month in
California."
We have to do better than this pig of the month stuff. Slogans won't do when
you're fighting guys who are cutting off the electricity to read them by.
Texans have a better slogan, "Don't mess with Texas," and they're a tight
bunch who won't take kindly to Davis messing with any of their citizens, no
matter how rich.
How is Davis going to match "Don't mess with Texas"? Sorry, but "Californians
are people, too" won't cut it.
-----------------------
LONG BEFORE DAVIS DECLARED HALF-WAR ON TEXAS, a couple of readers suggested
that California retaliate by cutting off the supplies of our products to
Texas, specifically wine.
This, of course, is indication of Californians' isolation from mesquite
reality. There may be six guys in Texas who ever order wine with their
T-bones, and they're all in Austin. The menus say, "One: red. Two: white.
Three rose. Please order by number." And they all might as well be from
upstate New York.
If California were the world's only producer of beer and tequila, then we
might have a chance of beating Texas by cutting off the essentials of life.
There's only one way to defeat Texas short of an outright shooting war
pitting our kids armed by junk-gun manufacturers against their citizens with
concealed-carry permits. We have to declare an embargo on the one thing that
Texans really need from California -- entertainment.
Texans are shutting down our televisions and movie theaters, so we'll cut
them off from movies and TV shows made in California. Hey, they're all made
here. Until we get affordable power, it's no sitcoms and no J-Lo for them.
They won't even get Westerns, since those are shot in parts of California
blighted enough to look like Texas used to look. Nowadays much of Texas looks
like Beverly Hills, hold the hills.
We'll also embargo that branch of entertainment known as California itself.
At the border crossing into California on I-70, a heavily armed guard will
peer into each car and truck looking for pointy boots and ask, "Are you
carrying any fruit, vegetables or Texans?"
Should any Texans turn up, they'll be sent packing toward El Paso, never to
taste seared ahi, never to see the weirdos on the Sunset Strip, and never to
feel the natural air-conditioning they can never shut off in San Francisco.
They'll have to go to Florida if they want to see a guy in a mouse head.
There's a governor there who won't call them pigs.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

		COMMENT & ANALYSIS: India's power struggles: Enron's plight could mark a
turning point in India's attempts to attract foreign investment, says David
Gardner: Financial Times; May 21, 2001
By DAVID GARDNER

		The soap opera of Enron in India has reached a critical moment. Once again,
the US energy company is pitted against the state of Maharashtra, in western
India. But the twist this time is that Enron is threatening to pull the plug
on the Dabhol Power Company, the single largest foreign investment in India.
		It is, at first sight, a wearisome repetition of earlier episodes. The
Dollars 2.9bn Dabhol deal has been in trouble before. In 1995, a rightwing
Hindu nationalist coalition of the Shiv Sena and Bharatiya Janata party - now
the majority of the ruling coalition in New Delhi - ousted the Congress party
government in Maharashtra and tore up the contract its predecessors had
signed. The project went ahead after Enron secured a sovereign guarantee from
the government of India to cover any failure to pay by the Maharashtra State
Electricity Board, Dabhol's sole customer.
		The first 740MW Dabhol plant is now functioning and a second 1,444MW phase is
close to completion. But MSEB has been defaulting on payments since last
December and wishes to renegotiate the contract with Enron, claiming the
electricity tariffs are unjustifiably high.
		This weekend Enron began proceedings to terminate the agreement. The move
triggers an arbitration process that could begin as soon as Wednesday between
Dabhol and the MSEB. But Enron's actions are beginning to look like the first
step towards withdrawal from the project, in which it has a 65 per cent
stake.
		In the past 18 months, Cogentrix of the US, National Power of the UK, Daewoo
of South Korea and Electricite de France have all withdrawn from the Indian
power sector. Of eight so-called "fast track" power projects authorised by
New Delhi in the past decade, Enron's is the only one to have been
commissioned.
		Whatever the outcome, a great deal is at stake. The imbroglio could further
deter a barely detectable trickle of foreign direct investment into India. It
could blight India's urgent need to double its electricity generation. And it
raises the question of the extent to which contracts are enforceable in India
- which alone could raise the risk premium future investors may seek.
		Unless carefully handled, the controversy could damage India's ambition to
raise growth by creating an investment-friendly environment, in spite of the
success of industries such as software and pharmaceuticals.
		Kenneth Lay, Enron's chairman, said earlier this month that while his company
had no immediate plans to sell its Dabhol stake, the dispute "sends a very
bad signal to the rest of the world as to the difficulties of investing in
India, which is not what India needs right now".
		Several ministers, including Yashwant Sinha, finance minister, have said they
see no reason why Enron's experience should deter foreign investors. That is
true only in the sense that there is very little foreign investment anyway.
"The government is in denial," one minister admits. Publishing foreign direct
investment figures has become "an annual embarrassment", he adds.
		India received an estimated Dollars 2.6bn in inward investment last year, or
0.24 per cent of worldwide foreign direct investment flows. Complete figures
for 1999 show it received Dollars 2.2bn. China, its regional rival, received
Dollars 63.4bn - including Hong Kong - according to the United Nations.
		In just as telling a contrast, Electricite de France, which pulled out of
India after battling for seven years to advance its 1,000MW Bhadravati
project, is proceeding with a series of power plants in China, Egypt and
Mexico.
		"We say we want foreign investment in the power industry and the policy says
'yes, yes, yes'," says one civil servant who has soldiered long and hard to
introduce reform. "But the practice, I'm afraid, is 'no, no, no'."
		The Enron project, its critics say, is particular. Although Dabhol's power
purchasing agreement with the MSEB is confidential, it is widely believed to
embody a "hurdle rate of return" - the after-tax, internal rate of return on
equity in dollars - in excess of 20 per cent. The normal rate sought by the
dwindling investors in India's power industry is 16-18 per cent.
		In addition, Dabhol's charges per kilowatt hour are higher than anticipated
because its "load factor", or capacity usage, is much lower. The financially
strapped MSEB is buying less and Enron's contract allows it to apply variable
charges over the fewer units of output, raising the cost.
		There is an important sense, however, in which all this is academic. India's
state electricity boards are de facto bankrupt. Whether the cost per unit is
one rupee or 10, they cannot pay.
		The problem is user charges. Most Indian farmers get free power, much of
India's urban middle class steals power and too many of India's populist
politicians are frightened of agreeing on a minimum common tariff that might
begin restoring the solvency of the state electricity boards and thus
facilitate investment.
		Many industrial users that could pay, angered by cross-subsidies they are
charged for the inefficient system, have switched to secure "captive"
capacity of their own, an estimated 10,000MW of which is now in place. While
India needs to boost installed capacity by about 100,000MW by 2010, with no
one to pay for electricity a mere 464MW was commissioned last year, according
to Power Line, an industry newsletter.
		"It is self-defeating to try to attract an Enron without first putting your
house in order," one minister says. "It was always obvious that within the
present set-up Maharashtra would never be able to pay."
		Hari Dhaul, head of the Independent Power Producers of India, says restoring
the solvency of "the (state electricity boards) is priority number one;
unless we do that, all talk of power and infrastructure is academic."
		The government made a start when Mr Sinha, in the February budget, announced
a still-to-be-determined package of soft loans for states that reform their
electricity boards and begin introducing more realistic tariffs. But since
then the government has floundered over a series of scandals - not a
propitious climate for reform.
		The Enron case has the potential to become, if not another scandal, at least
a blight. As a senior executive at a foreign power company puts it: "India
needs modern infrastructure if it is ever to become a modern country. It
needs foreign investment to do part of it but that will only come if the
perception becomes that it is easy to invest in India."
		Copyright: The Financial Times Limited

Enron Withdraws From U.A.E.'s $2 Bln Gas Project (Update1)
2001-05-21 06:04 (New York)

Enron Withdraws From U.A.E.'s $2 Bln Gas Project (Update1)

     (Add comments from Dolphin's chairman in the second
paragraph, and background throughout)

     Abu Dhabi, May 21 (Bloomberg) -- Enron Corp., the world's
biggest energy trader, withdrew from Abu Dhabi's $2 billion
project to import natural gas from Qatar and sell it to other
Persian Gulf emirates, the project's chief said.
     The Houston-based company, which had held almost 25 percent
of Dolphin Energy Ltd., will sell its stake back to the Abu Dhabi
government, said Ahmed al-Sayegh, the chairman of state-
controlled Dolphin,
     ``We have started negotiations with a number of international
players keen to become shareholders'' in the company, he said.
     An Enron spokeswoman declined to comment.
    The announcement comes two months after Dolphin, a venture
between Abu Dhabi, Enron and Total Fina Elf SA, agreed with Qatar
to develop its North Dome field, the world's largest natural-gas
deposit, and build a pipeline under the Persian Gulf to the United
Arab Emirates and Oman.
     Governments in these Gulf states plan to use the gas for
industrial development, after a collapse in oil prices in 1998
reinforced their need to reduce dependence on crude oil sales.
     Abu Dhabi had owned 51 percent of Dolphin, with Enron and
Total splitting the remainder. The development of the Qatari gas
field will require investment of $2 billion to $3 billion, while
the pipeline to Abu Dhabi costs another $1 billion to $2 billion,
Dolphin has said.

                         Mystery

     Al-Sayegh didn't say why Enron had withdrawn from the
project. This is the second time in five years that the U.S.
company has withdrawn from a multibillion natural gas project
involving Qatar. Enron earlier pulled out of negotiations to build
a plant for turning gas into liquid form and exporting it to
India.
     Gas from the North Dome field, discovered in 1971, has so far
been liquefied and exported by tanker to Asia. Shipping by
pipeline is cheaper.
     Enron's shares have fallen 34 percent this year to close on
Friday at $54.90.

Lenders to Enron's Indian Unit Hoping for Solution (Update1)
2001-05-21 04:38 (New York)

Lenders to Enron's Indian Unit Hoping for Solution (Update1)

     (Adds comment from lender in seventh paragraph, fund manager
comment in ninth paragraph, updates share price in last.)

     Mumbai, May 21 (Bloomberg) -- State Bank of India, ABN Amro
and others that loaned money to a unit of Enron Corp. of the U.S.
are hoping a settlement will still be reached to prevent the $3
billion project from being scrapped in a row over unpaid bills.
     Dabhol Power, which borrowed about $2 billion from local and
international lenders to build a 2,184 megawatt power plant in
western Maharashtra state, issued a notice Saturday saying it
would cancel its power supply contract with the local government
because of unpaid bills.
     ``The notice does not mean that the project is off,'' said
Janki Ballabh, chairman of State Bank of India, the country's
biggest commercial bank and one of the largest lenders to the
project. ``All parties are making attempts to find an acceptable
solution.''
     Indian banks, which made rupee loans worth $1 billion to
Dabhol, are at the most risk from a possible termination of the
project as their loans were not guaranteed by the federal
government. They were seen as safe because of Enron's 65 percent
stake in the project. Should the world's largest power supplier
walk away from its investment, the risk of these loans turning bad
would increase.
     Foreign currency loans, made by lenders including ABN Amro
Holding NV and Bank of America Corp as well as State Bank of
India, are guaranteed.
     ``I won't call it a panic situation, though lenders including
us have to keep a watch,'' said Ballabh at SBI, who declined to
specify a figure for the bank's exposure. He also said it was
premature to comment on the impact of a possible termination of
the Dabhol project on the bank's balance sheet.
     ICICI Ltd., the country's second-largest lender to companies,
is ``covered back-to-back by state government guarantees,'' said
Kalpana Morparia, executive director at ICICI.
     Still, investors viewed the termination notice as bad news
for lenders, which saw their share prices fall.
     ``The banks will take a big hit on their balance sheet if the
Dabhol project is stalled,'' said Deepak Malhotra, who helps
manage $88 million in assets at Max India Ltd. in New Delhi.
     The so-called ``preliminary termination notice'' is being
seen as an attempt to force the central and Maharashtra state
governments to the negotiating table to resolve a standoff over
payments to the company, which is owed 3 billion rupees ($64
million) for power supplies in December and January.

                         Negotiating Ploy

     The notice was issued so that all parties to the dispute come
to the negotiating table, said an official at ICICI, who requested
anonymity.
     The fate of Dabhol, the biggest single foreign investment in
India, holds the key to further overseas investment in India's
power industry. Four foreign power companies, including
Electricite de France, Europe's largest, have pulled out of Indian
power projects worth $3 billion, citing long delays and the slow
pace of reforms.
     A failure of further negotiations may lead Enron to pull out
of the country. Parties involved in the project have six months
from the issuance of the preliminary termination notice to reach a
settlement. In case the project is scrapped, the Maharashtra
electricity board, the state government and the central government
face 170 billion rupees in liabilities.
     ``It's too big a project to fall off the ground,'' said
Sachin Sawrikar, fund manager at SBI Fund Management Ltd. ``If
Enron does back out, another promoter may step in to take over the
project and take over the liabilities after negotiations.''

                         Meeting Wednesday

     To end the impasse, DPC and the Maharashtra government plan
to meet on Wednesday. Dabhol said that if the government of India
stays away from the meeting, like it did the last time on May 11,
and if the federal and state governments don't come up with fresh
proposals ``further meetings will not be productive.''
     The Maharashtra State Electricity Board says it hasn't paid
the money it owes as the price of Dabhol's electricity is more
than double the rate it pays for power from other Indian
generators. Under the terms of the supply agreement it agreed to
pay a fee whether it used all the electricity or not, which has
meant rates have risen as high as nine times the price of power
bought from alternative sources such as Tata Power Co.
     The defaults spurred Dabhol to invoke payment guarantees by
the Maharashtra state and federal governments. The company on
April 25 authorized its management to cancel contracts to sell
power to the board.
     ICICI shares fell 4.25 rupees, or 4.75 percent, to 85.15
rupees on the Mumbai stock exchange. Industrial Development Bank
of India Ltd., the largest lender to Enron, fell 2 rupees, or 7.4
percent, to 25.15 rupees while State Bank shares were down 3.7
rupees, or 1.57 percent, to 232.5 rupees.

State Bank, ICICI Decline as Enron Plans to Pull Out of India
2001-05-21 03:02 (New York)

     Mumbai, May 21 (Bloomberg) -- State Bank of India and ICICI
Ltd., lenders to Enron Corp.'s Dabhol Power Co., fell after Enron
served a notice on India's Maharashtra State Electricity Board to
end its power supply contract because of unpaid dues. The state
electricity board owes 3 billion rupees ($64 million) to Dabhol
for supplying power in December and January. ``The banks will take
a big hit on their balance sheet if the Dabhol project is
stalled,'' said Deepak Malhotra, who helps manage $88 million in
assets at Max India Ltd. in New Delhi.
     State Bank of India, India's biggest commercial bank, fell
2.7 rupees, or 1.1 percent, to 233.5 rupees after earlier falling
as much as 2 percent. ICICI Ltd., India's second-largest lender,
fell as much as 7.1 percent. ICICI declined 4.35 rupees, or 4.9
percent, to 85.05 in recent trading on the Mumbai Stock Exchange.
Industrial Development Bank of India Ltd., India's biggest lender,
fell as much as 2.75 rupees, or 10 percent, to 24.4 rupees. IDBI
shares dropped 2 rupees, or 7.4 percent, to 25.15 in recent
trading.

ANZ Investment's Rangnekar on Loans to Power Companies: Comment
2001-05-21 05:36 (New York)

ANZ Investment's Rangnekar on Loans to Power Companies: Comment

     New Delhi, May 21 (Bloomberg) -- Abhay Rangnekar, director
and head of project finance and corporate advisory services at ANZ
Investment Bank in India, speaks on the impact on lending to power
companies after Enron's Dabhol Power Co. served notice it may
cancel its power supply contract with the Maharashtra State
Electricity Board.
     Dabhol on Saturday started a procedure to end its contract by
serving a ``preliminary termination notice'' on the electricity
board, with which it has been in dispute over 3 billion rupees
($64 million) of unpaid power bills for December and January.

     ``Pace of investments in the power sector is already slow.
It'll get slower.''

     ``Lender sentiment has definitely been affected. Making sure
that the contracts are watertight is not enough anymore'' for any
private power project.

     ``Lenders will need to ensure that power projects will have a
continuing ability to offer competitive tariffs, which would
(give) incentive (to) the state electricity boards to dispatch
them.''

     ``Lenders will also be cautious about accepting the demand-
supply estimates in different states.

     ``The track record of state electricity boards in paying
private power producers will also be stringently monitored.''

     ANZ Investment is one of the four global coordinators that
helped raise overseas loans for the $2.8 billion second phase of
the Dabhol project.