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Hey, at least you can sew...

From: Sheila Tweed@ECT on 02/20/2001 04:44 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Dick Westfahl Retirement - Bambi would be proud...

How creative!  I wish I knew how to do this sort of stuff.


Hey Ernie!  Sorry I didn't get back with you Friday.  I left a little early,
so I must have just missed your message.  Did you guys have a good time on
Friday night?  How is everything going?

It has actually been thick around here.  Worked several late nights last week
to try and get caught up.  I may have to delay the purchase of the new car
with Enron's stock taking a hit lately.  It did gain some points on Friday
and early today.  Hopefully it keeps it up.

Talked to George since his wedding?  Haven't heard anything out of him
since.  Probably just overcome by marital bliss.

	"Zavaleta, Ernie" <Ernie.J.Zavaleta@fritolay.com>
	03/23/2001 03:18 PM

		 To: Gerald.Nemec@enron.com
		 cc:
		 Subject: Any Plans tonight?

 Hey, what's going on?  My brother-in-law and a friend of his are
flying into town tonight?  We're going to head over to Gilians (sp?), a
place that is supposed to be like Dave & Buster's.  We'll prob get there at
about 10:00.  We thought we'd hang there for a while and then head to the
downtown area and find dome kind of bar.  A couple of other friends of mine
from  B-school will be joining us, I thought you might want to as well.  Are
you game?

 Write back or give me a call H: 281-251-6398, cell: 281-687-6893.
I'm leaving work in a few minutes if I don't respond to any email.

 later,
 E

 Gerald.Nemec@enron.com
 02/26/2001 01:39 PM
 To: Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
 cc:
 Subject: Re: 2nd Hotel Room Confirmation

 Ernie,  Thanks for taking care of that.   I will probably be getting
into
 Austin earlier than you.  I'll have my cell phone with me.  (281)
772-9250.
 If you get into town earlier, give me a call.  Otherwise why don't
you just
 call me at the room when you get to the hotel.   Sounds great, we'll
ride
 over together.  I might bring this girl I have kinda been seeing
with me.
 My latest victim.  We'll see.    I believe that's correct.  The
wedding is
 at 7.

 Thanks for the Dilliards tip.  I was going to ask about that.

 G

                     Ernie.J.Zavaleta@fr

                     itolay.com                 To:
gerald.nemec@enron.com
                                                cc:

                     02/26/2001 12:09 PM        Subject:     2nd
Hotel Room Confirmation

 Gerald,

 Good news - we were able to get the second room at the same $129
rate.
 Below
 you'll see two separate confirmation numbers - I don't think it
matters
 which
 one you or I use.  When you check in, just claim one of them.
They're both
 on
 my card so you can transfer to yours at check-in.

 I'm not sure what time we'll get there since we'll be coming from
SA.  I
 estimate we'll get there at about 5:00 (the wedding is at 7:00
right?)
 We'll
 actually be traveling to SA on Friday since some of Jill's family
from the
 Valley will be there as well.

 If we're not in contact before then, let's just plan on meeting at
the
 hotel
 sometime between 6:00 and 6:30.  We can drive over to the wedding
together
 from
 there.

 In case you didn't know, they're registered at Dillard's - we got
him a
 gift
 yesterday, still plenty of items on the list.

 E
 ---------------------- Forwarded by Ernie J Zavaleta/Frito-Lay/US on
 02/26/2001
 12:03 PM ---------------------------

 Suzanne Mercer <suzannemercer@tramex.com>
 02/26/2001 11:58 AM

 To:   Ernie J Zavaleta/Frito-Lay/US@Frito-Lay
 cc:
 Subject:  2nd Hotel Room Confirmation

  TO: FRITO LAY / PEPSI
             ERNIE ZAVALETA
             100 GLENBOROUGH DT
             SUITE 1200
             HOUSTON TX 77067

  FOR: ZAVALETA/ERNIE          REF: FRIT-0046000

  HOTEL
  03MAR   AUSTIN            MARRIOTT HOTELS
   SAT                      MARRIOTT AUSTIN CAPITAL
                            701 EAST 11TH STREET
                            AUSTIN TX 78701
                            FONE 512-478-1111
                            FAX  512-478-3700
                            1 NIGHT       1 ROOM       OUT-04MAR
                            LEISURE RATE
                            RATE-129.00USD PER NIGHT
                            CANCEL BY 06P DAY OF ARRIVAL
                            GUARANTEED LATE ARRIVAL
                            CONFIRMATION 82747164
                            RQST KING BED NON SMOKING
  HOTEL
          AUSTIN            MARRIOTT HOTELS
                            MARRIOTT AUSTIN CAPITAL
                            701 EAST 11TH STREET
                            AUSTIN TX 78701
                            FONE 512-478-1111
                            FAX  512-478-3700
                            1 NIGHT       1 ROOM       OUT-04MAR
                            LEISURE RATE
                            RATE-129.00USD PER NIGHT
                            CANCEL BY 06P DAY OF ARRIVAL
                            GUARANTEED LATE ARRIVAL
                            CONFIRMATION 82413250
                            RQT NONSMOKING

  .
  ---------------------  IMPORTANT ----------------------
    AIRLINE SECURITY REQUEST A 60 MINUTES FOR CHECK-IN.
    GOVERNMENT ISSUED PHOTO ID IS REQUIRED BY AIRLINE.
  -------------------------------------------------------
  ----------------- ITINERARY COMMENTS ------------------
  AIRFARES ARE PER PERSON AND SUBJ. TO CHANGE UNTIL TKT/D
     PLEASE REVIEW ITINERARY IMMEDIATELY UPON RECEIPT
  IF YOU HAVE QUESTIONS, CONTACT THE LEISURE TRAVEL
  DEPARTMENT BY EMAIL OR PHONE --
  972-334-5055 OR 800-776-8009, MON-FRI 8A-5P CST, OR
  CONTACT YOUR AIRLINE DIRECT FOR EMERGENCY ASSISTANCE.
  -------------------------------------------------------


1.  Send forms of agreements to counterparty as a first step to get the process moving forward.  If you do not have a contact at the counterparty call the credit hotline at 31803 and ask for Jay Williams or another credit person who can help you get the contact name and number.  Credit is working diligently to get specific legal entity names to us as well.

2.  At the end of each day send a status update, including specifics of steps taken, to me and Carol St. Clair, cc Louise Kitchen, Bill Bradford and Tanya Rohauer.  Carol and I will summarize for Louise, Bill and Tanya, but copy them in case they are interested in any particular party on an urgent basis.  Management has asked that we contact the counterparties at least each day and keep this moving to closure of each agreement as quickly as possible.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Enron North America (ENA) is interested in purchasing Phillips Petroleum
Company's volumes in the properties described in the attached E-mail dated
9/19/2000.   ENA would like to propose the following prices.  Prices assume
gas is being delivered to a pool.  If this is not the case please let us know
as prices would need to be adjusted for applicable transportation, fuel and
gathering and possibly price if the point is at a constrained location.

                                                   ANR S.E. Gathered   -
Inside F.E.R.C.  ANR  LA + $.0025
                                                   Columbia Gulf  -  Inside
F.E.R.C. COLUMBIA LA + $.0075
                                                   Destin - Inside F.E.R.C.
TRANSCO Zone 3 + $.01
                                                   Sonat  -  Inside F.E.R.C.
SONAT + $.0075
                                                   Tennessee  -  Inside
F.E.R.C. TENNESSEE  LA  + $.0075
                                                   Tetco -  Inside F.E.R.C.
TETCO  WLA  +  $.0075
                                                    Venice - Inside F.E.R.C.
TETCO ELA  +  $.0175
                                                    Trunkline  -  Inside
F.E.R.C.  TRUNKLINE LA  +  $.00
                                                    Transco  -  Inside
F.E.R.C.  TRANSCO +  $.0125

This E-mail is for discussion purposes only and is not intended to be
complete and all inclusive of the terms of the related transaction.  The
tranactions described herein are subject to further review and approval of
ENA and execution of difinitive agreements containing all appropriate
provisions, including those relating to credit and limitaion of damages.


I brought in my backback, 2 flashlights, and a small cooler type thing.  They
are sitting on top of my neighbor's desk.  Come take a look when you get a
chance.


Ken,  Attached is a revised draft of the Hanover Agreement based on all our
discussions to date.  Please review.  I would prefer one more internal review
prior to forwarding to Hanover.  Please note where information is still
needed concerning the specific units for the schedule forms.  Sorry for the
delay.


Apologies.  I'm in S.D. with Calger and Dyer to meet w/Sempra tomorrow
morning.

	Joseph Alamo
	11/01/2000 05:12 PM

		 To: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@Enron, Marcie
Milner/Corp/Enron@ENRON
		 cc: Lysa Akin/PDX/ECT@ECT
		 Subject: Staff Meeting Reminder & Agenda Items Request

Second Request and "Last Call" for Agenda Items for tomorrow's Staff
call/meeting!
Thanks,
Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 11/01/2000 03:10
PM ---------------------------

Joseph Alamo
10/30/2000 12:55 PM
To: Susan J Mara/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Marcie Milner/Corp/Enron@ENRON
cc: Lysa Akin/PDX/ECT@ECT

Subject: Staff Meeting Reminder & Agenda Items Request

Please consider this a request for your agenda items, if any, for the next
Staff Meeting, currently scheduled for this Thursday, November 2nd at 8:30
a.m. PST.

Please forward to me by 5:00 p.m. PST, Wednesday, November 1st.

Thanks in advance for your assistance.

Joseph Alamo
Sr. Administrative Assistant
Government Affairs - The Americas
San Francisco CA


<META HTTP-EQUIV="Content-Type" CONTENT="text/html;charset=iso-8859-1">

<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=iso-8859-1">

<title>Energy News Live Daily Wrap-Up</title>

Dear Andrew,

Members of Congress return from their Thanksgiving break on Tuesday
as debate resumes in Washington.  A bill that would renew the Price
Anderson Act is being brought to the floor of the House of
Representatives.  The bill limits the liability for the nuclear
industry in the event of a major accident.  Significant revisions
were made to the legislation in the wake of the September 11 attacks,
with the addition of amendments that would strengthen the security of
America's nuclear power plants.

The Washington bureau will also have more reaction to the FERC's
new policy for determining whether a company has market power in
the electricity industry.  Join us for these reports from the
Washington bureau on Tuesday.

From Houston on Tuesday, we'll bring you an update on Enron's
continuing financial situation.  UBS PaineWebber's Robert
Young is stopping by the Houston bureau to discuss his perspective
on the negotiations between Enron and Dynegy.  He'll join us during the
10:00 a.m. ET newscast tomorrow.

The Former Energy Advisor to the Prime Minister of Iran is
speaking in Houston on Tuesday.  Dr. Fereidun Fesharaki will be
talking to the Asia Society about the Middle East, oil and economics.
The Houston bureau will bring us a preview.

Climate Solutions Co-Director Rhys Roth will be live from
Olympia, Washington during the 3:00 p.m. ET newscast on Tuesday.  West
Coast Bureau Correspondent Kym McNicholas talks with Roth about the
future of clean energy in the Northwest and how renewables will
play a major role as a future energy source in the region.

We'll also have an update on the California Department of Water
Resources' efforts to pay generators for market transactions between
January and July of this year.  Join us for reports from the West Coast
bureau.

ENL is hitting the road later this week.  Houston Correspondent Kim
Benestante will report live from Anchorage, Alaska.  Kim is
attending a conference titled: Alaska Resources 2002: Can Alaska
Compete?  We'll have live coverage from the conference starting on
Thursday.

ENL's Gale Smith will attend the Arctic Gas Symposium in
Houston on Thursday.  The symposium will address supplying the North
American market and the latest pipeline route update, among
other topics.  We'll have coverage of the symposium on Thursday.

Closing
Prices for Monday, Nov. 26, 2001

			Crude:
			$18.69
			-$0.27

			Unleaded:
			$0.5217
			-$0.0056

			Heating Oil:
			$0.05217
			-$0.0125

			Natural Gas:
			$2.696
			-$0.117

Keep in mind things are subject to change at a moment's notice.
Occasionally guests have to cancel or change time slots.  We'll continue
to do our best to keep you updated on future interviews and events.

Be sure to watch our newscasts every business day - 9 a.m. to 5
p.m. ET, at the top of each hour.

    Jay Rickerts,
EnergyNewsLive.com Anchor

      View today's Energy Wrap Video

      Windows Media Player:
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100K  |
300K

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call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.

      Copyright 2001 Williams Energy News Live, LLC. All
Rights Reserved.


Michelle, would you, at your convenience, please update our departmental
contact list?

Your new pager number is 877-791-8391.

adr


How about 2pm EST - 1pm CST?

Jim

 -----Original Message-----
From: 	"Jackie Gallagher" <JGallagher@epsa.org>@ENRON
Sent:	Friday, October 26, 2001 10:44 AM
To:	Steffes, James D.
Subject:	Conference Call on Tuesday

Jim,
Julie wants to hold a conference call on Tuesday, October 30th to discuss the possibility of designing and undertaking cost-benefit analyses to support FERC's RTO policies.  She wants to have you on the call & would like to know when you would be available.  Anytime after 1:00 p.m. EST would probably be best for her.  If you could let me know ASAP I will be able to send out an email to those she thinks should be on the call.  Thanks, Jim.

Jackie Gallagher


What does "completed" mean?  My first request was to give me access to review
all e-mail messages that Mary has received since March 1 through yesterday's
date.  I asked if they could be transferred to my mail box to simplify my
review process.  Has this been done?  I don't see any new messages that have
been transferred from Mary's mail box to mine.  --Sally

From: Cyndi Wulfson/ENRON@enronXgate on 04/05/2001 10:21 AM
To: Sally Beck/HOU/ECT@ECT
cc: Gary Bode/ENRON@enronxgate, Beth Apollo/ENRON@enronXgate, Hector
McLoughlin/ENRON@enronXgate
Subject: FW: FW: Access to Mary Solmonson's e-mail

fyi...

 -----Original Message-----
From:  Enron Messaging Administration/Corp/Enron@ENRON
[mailto:IMCEANOTES-Enron+20Messaging+20Administration_Corp_Enron+40ENRON@ENRON
.com]
Sent: Thursday, April 05, 2001 10:16 AM
To: Wulfson, Cyndi
Subject: Re: FW: Access to Mary Solmonson's e-mail

Completed.

From: Cyndi Wulfson/ENRON@enronXgate on 04/04/2001 02:57 PM
To: Tracey Tripp/ENRON@enronxgate, Enron Messaging Administration@Enron
cc:

Subject: FW: Access to Mary Solmonson's e-mail

 -----Original Message-----
From:  Beck, Sally
Sent: Wednesday, April 04, 2001 2:28 PM
To: Bode, Gary; Wulfson, Cyndi
Cc: Beth Apollo/HOU/ECT@ENRON; McLoughlin, Hector
Subject: Access to Mary Solmonson's e-mail

Mary Solmonson, one of my direct reports, has been out of the office since
March 1, 2001 and it is not readily known when she will return to work.  All
business related e-mail messages require a prompt response from our business
unit.  Therefore, I am requesting your assistance in completing the following
tasks:

1)  Grant the necessary access to me to be able to review the incoming
e-mails directed to Mary Solmonson since March 1, 2001 through today so that
I can determine which ones require a business response that I can handle.
Can these be transferred to my e:mail as a simplified way for me to complete
this review?

2) Effective immediately, please create an automatic message for Mary's
e-mail box that states "I am out of the office.  All e-mails are being
forwarded to Vanessa Schulte for response."

3)  Effectively immediately, please route any new incoming e-mail messages to
Vanessa Schulte's mail box.

  Thanks in advance for your help on this matter.


Bill,
I am relatively advanced in my negotiations with one company. Let me find out first if I can close the deal. If not, I shall get in touch with you. I shall let you know in any case.

Vince
--------------------------vince kaminski


I reviewed the document and it seems fairly accurate.  I have a slight disagreement with one statement, as follows: "The Commission's reference to "surcharge" can be interpreted to mean both the one cent and three cent surcharges given that both surcharges were granted similar treatment in D.01-03-082."  I don't agree that this is so black and white.  One can also take the interpretation that it was meant to apply only to the 3 cent and not to the 1 cent surcharge.  Obviously, SCE took the former interpretation and PG&E the latter.  That is one reason why we have been very careful about attacking this issue.   AReM has protested PG&E charging the one cent surcharge and supported Edison's approach in responding to the advice letters filed months ago.  AReM continues to work with the CPUC staff to get the staff to support AReM when it responds to the advice letters.  Be aware that there are strong forces working against ESPs and anything potentially favorable to them. The more we can accomplish this under the radar screen, the better off we will be. Commissioner Wood is still attacking retroactivity and many have raised the "cost shifting" issue.  In other words, we can still lose the 3 cent exclusion.  We have to be careful how we proceed.

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Tuesday, October 23, 2001 7:28 PM
To:	Mara, Susan
Subject:	FW: PG&E

Lisa had asked that I give you a call re the attached file.  I think you are the most knowledgeable to review it and provide comments.  We will be using this in the meeting with PG&E on Thursday.

Thanks,
Wanda

 -----Original Message-----
From: 	Mellencamp, Lisa
Sent:	Monday, October  22, 2001 9:49 AM
To:	Curry, Wanda; Huddleson, Diann; Tribolet, Michael; Williams, Robert C.; Sanders, Richard B.
Subject:	FW: PG&E

please let me know if any of you disagree/have comments
 -----Original Message-----
From: 	Simmons, Linda J.
Sent:	Friday, October 19, 2001 3:49 PM
To:	Mellencamp, Lisa
Subject:	FW: PG&E

 -----Original Message-----
From: 	MDay <MDay@GMSSR.com>@ENRON
Sent:	Friday, October 19, 2001 3:46 PM
To:	Simmons, Linda J.
Subject:	RE: PG&E

Here is our settlement sheet on the one cent surcharge, attached below.
Mike Day

 - X28655.DOC [Mellencamp, Lisa]   << File: X28655.DOC >>


Attached is the origination list from Brazil. SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/28/2000
04:25 PM ---------------------------

Marcelo Rassekh@ENRON_DEVELOPMENT
02/25/2000 03:25 PM
To: Sami Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ECT
cc:
Subject: Deal update

Sami and Sara,
As i've promised, here is a draft of the report we present every week during
the Origination staff meeting. I will send you a more updated version as soon
as i get all the updates. Any doubts, fell free to contact me. Sincerely,
Marcelo Rassekh


Thought you'd like these...

>X-Authentication-Warning: Haas.Berkeley.EDU: majordom set sender to
>owner-music@haas.berkeley.edu using -f
>Date: Sat, 25 Nov 2000 13:30:14 -0800 (PST)
>From: Ajay Sreekanth <ajay@Haas.Berkeley.EDU>
>To: music@haas.berkeley.edu
>cc: Dan Garcia <ddgarcia@cs.berkeley.edu>
>Subject: More surreal than a Dead show
>Sender: owner-music@Haas.Berkeley.EDU
>
>
> >>  AL GORE Live from Recount Memorial Coliseum Arena
> >>  Tallahassee FL
> >>  Friday   Nov 17 2000
> >>
> >>  1st set----------
> >>
> >>  Grasp Straw
> >>  West Palm Beach Fadeaway
> >>  Jack-a-Vote
> >>  Weirdest Story Ever Told
> >>  Tennessee Al
> >>  It Must Have Been The Butterfly Ballot
> >>  Loser
> >>  Its All Over Now
> >>
> >>  2nd set----------
> >>
> >>  Victim or the Crime >
> >>  Karenna >
> >>  Lost Seniors
> >>  State Of Circumstance
> >>  Eyes and Nays of the World >
> >>  He's Gone >
> >>  d/s
> >>  Goin Down The Road Feelin Bad >
> >>  I Need a Miracle
> >>  Antics of My Life >
> >>  Sunshine State Daydream
> >>
> >>  Encore---------
> >>
> >>  Its All Over Now, Baby Blue
> >
> >
> >
> >
> >>  George W. Bush at Pat Buchanan Memorial Arena, West
> >>  Palm Beach, Florida
> >>
> >>  11/14/00
> >>
> >>  Set 1.
> >>
> >>  Miami-Dade Half-Assed Recount Toodeloo >
> >>  Feels Like It's Stranger >
> >>  Lied,Cheated
> >>  Me & My Brother >
> >>  Friend of the Dubya
> >>  Man Smart/Machine Smarter >
> >>  Injunctions Never Stopped
> >>
> >>  Set 2.
> >>
> >>  No Help on the Way >
> >>  Slipshod >
> >>  Katherine's Power
> >>  Estimated Recount >
> >>  Uncle Jeb's Scam
> >>  Playin' with the Chads >
> >>  Critical Development(That's it for the Other One)
> >>  Around & Around >
> >>  Revolution
> >>  U.S. Blues
> >>
> >>  Encore:
> >>
> >>  Brokedown Ballots
>
>
>
>---
>- Ajay Sreekanth                        "A bear however hard he tries,
>(ajay@haas.berkeley.edu)                 Grows tubby without exercise."
>                                                   - A. A. Milne


Sally

P lease review and revise as needed the attached proposed agenda.  I will
give you a call on Friday and see if you have established a date.
I hope the orange bowl experience was great.

Tom

 - Sally Beck 2001 Operational Risk Meeting.doc


Tracy:

Please read Yair's message and let me know asap.  It appears from his email
that this is the only remaining issue.  I'm in today until about 3 pm Houston.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 04/13/2001 08:36 AM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	04/13/2001 08:28 AM

		 To: "'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
		 cc:
		 Subject: RE: ISDA Schedule/Paragraph 13

Sara, Allegheny would like to be able to assign to affilaites in the same
manner that we are allowing Enron to make an ssignment so long as the Gty
goes along.  In our case, however, there is no gty, hence the stipualtion
that such assignment must be to an entity with an equal or better credit
rating.  If you wish, I can limit such assignment to an entity rated at least
BBB+ or better.  Would that resolve your concerns?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Thursday, April 12, 2001 12:26 PM
To: YYaish@exchange.ml.com
Subject: RE: ISDA Schedule/Paragraph 13

Yair:

It's a good thing you didn't try to get back to me!  Sorrry.

(See attached file: AlleghenyCPformacceptR1.DOC)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/12/2001
                    10:16 AM

Sara, sorry i didn't get back to you yesterday, I was out sick.  I didn't
notice anything attached, did u send a subsequent e-mail?

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Wednesday, April 11, 2001 4:01 PM
To: YYaish@exchange.ml.com
Cc: Tracy.Ngo@enron.com
Subject: RE: ISDA Schedule/Paragraph 13
Importance: High

Yair:

Attached is my redline.  Call me so that we can discuss the remaining
issues, including:

(1)  Calculation Agent.  We believe that the existing dispute mechanism is
adequate.

(2)  Procedures for Entering into Transactions.  There is no procedure for
dual confirms.  This is too confusing.

(3)  Transfer.  We cannot agree to your assignment provision as it is too
subjective.

The other changes were not substantive.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

                    "Yaish, Yair
                    (OGC)"                To:
"'Sara.Shackleton@enron.com'" <Sara.Shackleton@enron.com>
                    <YYaish@exchan        cc:
                    ge.ml.com>            Subject:     RE: ISDA
Schedule/Paragraph 13

                    04/10/2001
                    07:46 AM

Sara, any thoughts on my comments ISDA I sent out last week?

-----Original Message-----
From: Yaish, Yair (OGC)
Sent: Thursday, April 05, 2001 6:19 PM
To: 'Sara.Shackleton@enron.com'
Subject: RE: ISDA Schedule/Paragraph 13

Sara, I have good news, I think we are very close to executing this baby.

I am attahcing comments to the ISDA.  They reflect comments by our outside
cousel which highlight the differences between this contract and the side
letter/ML ISDA.  They are not much.  I have also made some changes directly
on their draft where I either concurred with Enron or needed to make some
of my own changes.  Pls review and let me know what you think.

I will be leaving the office soon, so if we can wrap it up tomorrow that
would be great (I'm out Monday for Passover).

Yair Yaish
Director and Senior Counsel
Allegheny Energy Global Markets, LLC
212-236-7346

-----Original Message-----
From: Sara.Shackleton@enron.com [mailto:Sara.Shackleton@enron.com]
Sent: Friday, March 30, 2001 4:10 PM
To: yyaish@exchange.ml.com
Subject: ISDA Schedule/Paragraph 13

Yair:

Attached is a blacklined (against the Enron North America Corp. draft of
3/15/01) Schedule and Paragraph 13 to the ISDA Credit Support Annex.  I
have tried to incorporate the essence of the March 19, 2001 "swap side
letter agreement."  Please call me to discuss as it would be nice to
finalize by April 6.  Thanks.

(See attached file: 098a Blackline ctr (Allegheny Energy Supply).doc)

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Mike,
  Give me a call when you have a moment. We are working with a midtown bank
that is building a trading desk that i thought may interest you.
212-704-9900. Regards, Jim

> -----Original Message-----
> From:	Mike.Maggi@enron.com [SMTP:Mike.Maggi@enron.com]
> Sent:	Friday, January 04, 2002 2:08 PM
> To:	James.Gillespie@robertwalters.com
> Subject:	RE: follow up
>
> Just wanted to check in and see if there is anything new going on. If you
> are currently working on anything interesting in the northeast please let
> me know. Thanks
>
>     -----Original Message-----
>    From:   James Gillespie <James.Gillespie@robertwalters.com>@ENRON
>    Sent:   Wednesday, December 05, 2001 2:48 PM
>    To:     'mmaggi@enron.com'
>    Subject:  follow up
>
>    Mike,
>        I wanted to follow up with you in regards to some positions that
>    i've
>    come accross on the east coast. feel free to call me to discuss
> further.
>    Regards, jim
>
>    James Gillespie
>    Senior Executive Recruiter
>    Robert Walters
>    Telephone: 212-704-9900
>    Fax: 212-704-4312
>    james.gillespie@robertwalters.com
>
>
>
>    **********************************************************************
>    CAUTION: Electronic mail sent through the Internet is not secure and
>    could
>    be intercepted by a third party.
>
>    This email and any files transmitted with it are confidential and
>    intended solely for the use of the individual or entity to whom they
>    are addressed. If you have received this email in error please notify
>    the system manager.
>
>    This footnote also confirms that this email message has been swept by
>    MIMEsweeper for the presence of computer viruses.
>
>    **********************************************************************
>
>
>
> **********************************************************************
> This e-mail is the property of Enron Corp. and/or its relevant affiliate
> and may contain confidential and privileged material for the sole use of
> the intended recipient (s). Any review, use, distribution or disclosure by
> others is strictly prohibited. If you are not the intended recipient (or
> authorized to receive for the recipient), please contact the sender or
> reply to Enron Corp. at enron.messaging.administration@enron.com and
> delete all copies of the message. This e-mail (and any attachments hereto)
> are not intended to be an offer (or an acceptance) and do not create or
> evidence a binding and enforceable contract between Enron Corp. (or any of
> its affiliates) and the intended recipient or any other party, and may not
> be relied on by anyone as the basis of a contract by estoppel or
> otherwise. Thank you.
> **********************************************************************
>
> **********************************************************************
> CAUTION: Electronic mail sent through the Internet is not secure and could
> be intercepted by a third party.
>
> This email and any files transmitted with it are confidential and
> intended solely for the use of the individual or entity to whom they
> are addressed. If you have received this email in error please notify
> your systems administrator.
>
> This footnote also confirms that this email message has been swept by
> MessageLabs Virus Scanning Service. For further information visit
> http://www.messagelabs.com/stats.asp
> **********************************************************************


BusinessWeek would like you to join them at their Fifth Annual Digital
Economy Conference December 5-6, 2000 at The Fairmont Hotel in San Francisco,
CA.

, if you reserve your space online by November 27th, we will extend to you a
special rate of $1,295, which is $300 off of the registration fee.  Please
enter DE35 in the priority code field to ensure your savings.

To register or for a complete listing of speakers and program details go to
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At The Fifth Annual Digital Economy Conference our forward thinking speakers
will explore the still-developing technologies that will determine your
success in the years ahead.  Will the Mobile Net live up to its promise of
anytime/anywhere access to global marketplaces?  Can Technology on Tap really
free your business from "geekware" maintenance?  Will Exchanges empower your
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Find out what others are doing and prepare yourself for the critical
decisions facing your company in this next phase of e-business at the Digital
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Confirmed speakers include:
* Richard Belluzzo, Group Vice President, Consumer Group, Microsoft
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* Hans Peter Brondmo, Author, The Engaged Customer: The New Rules of Internet
Direct Marketing
* Robert Growney, President and COO, Motorola, Inc.
* Scott L. Kauffman, President and CEO, eCoverage
* Alan J. Kessler, COO, Platform and Products, Palm, Inc.
* Lawrence Lessig, Professor, Stanford Law School; Author, Code: And Other
Laws of Cyberspace
* Ann M. Livermore, President, Enterprise and Commercial Business,
Hewlett-Packard Company
* David C. Peterschmidt, Chairman, President, and CEO, Inktomi Corporation
* Adrian Slywotzky, Author, Profit Patterns, and the forthcoming How Digital
Is Your Business?

Only a limited number of executives will be able to participate in this
event. Reserve your space online by November 27th and receive your special
rate of $1,295.  Please enter DE35 in the priority code field to ensure your
savings.  To register or for a complete listing of speakers and program
details go to http://www.you-click.net/GoNow/a13643a26746a50536458a0
mailto:digital_economy@businessweek.com
Phone:  800-821-1329

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-----Original Message-----
From: 	Hardy, Trey
Sent:	Thursday, January 03, 2002 10:24 AM
To:	Gaskill, Chris; Will, Lloyd
Subject:	Updated Netco fundamentals Plan

Please use the above file and disregard the previous e-mail.

Thanks

Trey Hardy


Do you code or approve invoices for goods and services that are processed by
the Houston-based Accounts Payable center?
If yes, please read and respond to this e-mail.

On May 1st, iBuyit Payables will be activated for all organizations supported
by the Houston-based Accounts Payable processing center (for example,
invoices submitted via AP drop box to 600 Jefferson, Houston).  If you code
or approve these invoices, the iBuyit Payables project team has important
information to share with you about the iBuyit Payables system, training, and
the May 1st transition to the new system.

To identify yourself as a future iBuyit Payables Coder or Approver, please
respond to this e-mail upon receipt with the following information:
*  Full Name (First, Middle, Last)
*  E-mail address
*  Business unit (For example, Corporate, ETS, EWS, EES, or EBS)
*  Do you code invoices? (Yes/No)
*  Do you approve invoices? (Yes/No)
*  Are you a remote user? For example, do you dialup to access the Enron
network? (Yes/No)

This will ensure that you receive important iBuyit Payables information.
Thank you for your response!

Attached is important iBuyit Payables training information:


Dan,

My credit customer is insisting on his confidentiality agreement for
financial statements.  Can you look at this and tell me what you think?

Thanks,
Brad
---------------------- Forwarded by Bradley Diebner/HOU/ECT on 08/17/2000
12:41 PM ---------------------------

"Byrne, Joe" <jbyrne@tngus.com> on 08/07/2000 04:07:00 PM
To: "'bradley.diebner@enron.com'" <bradley.diebner@enron.com>
cc:
Subject: confid Newark Group

Brad:

Sorry about the delay, but we have been moving some offices around.
 Here, actually, is our confid agreement.  Let me know if it looks
ok...if ok, sign and fax to me at 908-276-2888 and I will fed ex
statements out.

Regards,

Joe

908-276-4060 ext 266[[ CONFID~2.DOC : 5148 in CONFID~2.DOC ]]

 - CONFID~2.DOC


Barry Tycholiz would like to invite you to an Astros game on Thursday, July
12 @ 7:05 p.m.
Please let me know if you can attend.

Thanks,
Jessica Presas


Trevor/Mike
This latest version corrects errors on the ending positions.  Another version will be coming out soon to
correct the Total Market Chart.

Wade

 -----Original Message-----
From: 	Wells, Wade
Sent:	Friday, July 13, 2001 5:20 PM
To:	Woods, Trevor
Cc:	Tai, Wei
Subject:	Latest rev of SO2 Report

Hey Trevor
Once again here is the latest SO2 Report revision.  This rev adds the Summary Sheet which contains the list of Top Ten Shorts and Top Ten Longs.  We will get to Top Ten Transactions next week.  It also generates the chart showing the Projected Total Market Ending Positions.  Let me know if you have any comments and/or suggestions.

As always, just copy the attachment to C:\Program Files\SO2Report\

Wade


Hello everyone:

Vince would like to bring Jaesoo Lew in next week for an exploratory interview
with the Research Group.  The dates that would work best for us are:
Wednesday,
the 25th (AM), Thursday, 26th  (AM) and Friday, 27th (AM).  Please see if Mr.
Lew
is available for any of these times.

Thanks!

Shirley
3-5290

 - vitae2.doc

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 10/18/2000
12:51 PM ---------------------------

Vince J Kaminski
10/18/2000 12:29 PM
To: Stinson Gibner/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: position

Shirley,

I would like to  invite him to an interview next week. We should use his home
phone
number and/or private E-mail address.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
12:33 PM ---------------------------

"Jaesoo Lew" <pontgyn@hotmail.com> on 10/17/2000 09:59:01 PM
To: vkamins@enron.com
cc:
Subject: position

Dear Dr. Kaminski

My name is Jaesoo Lew and I am referred by Dr. Wayne Lee.

Currently I've been working at Aquila Energy in Kansas City as an pricing
analyst since July 2000.  Since then, I have developed a natural gas storage
valuation model applying the swing options (forest method) pricing approach.
The price processes would be considered critical for the storage valuation
since a trinomial forest is required to value storage. Also the c++
programming using Excel DLL has been developed, too.

I attached my resume to this message for your consideration and am looking
forward to talking about an opportunity at Enron.

My home phone number is 913-649-0578, Dr. Kaminski, I will wait your call in
this week as Dr. Lee informed me.  If possible, please let me know your
expected calling day through the mail.  I appreciate your consideration.

Thank you very much.

Sincerely,

Jaesoo Lew
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.

 - vitae2.doc


I can't seem to pull up 598391 - is that the correct deal number?

Kate

	From:  Kimberly Indelicato                           05/02/2001 07:14 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: New Counterparty Name on #598391

Kate, this deal has a new counteparty but it is not in the system yet. Can we
get more details on this, like what the actual name of MDEA is, address,
contact, phone numbers etc.

Thanks,

Kimberly


Section III:

(See attached file: 286647-SECTION 3.doc)

 - 286647-SECTION 3.doc


Danny,

What do you want to do about this?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 01/09/2001
02:49 PM ---------------------------
Aimee Lannou   01/09/2001 12:52 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Edward Terry/HOU/ECT@ECT
Subject: Meter 6387 - Dec 00

Daren - meter 6387 for Dec. 00 has flow with no nom.  Avg flow is 273/day.
Last deal associated with this meter was 519467 in Nov. 00 for Duke Energy
Trading & Mktg. There is also a little bit of flow on 1/1 and 1/2.  Please
let me know if you create a new deal or extend the current one.

AL


Folks:

We would like to invite you and yours to our house to watch the Nebraska and Oklahoma football game on Saturday.  To give you some context regarding this game, in Nebraska, this game is practically a religious event that inspires frightening amounts of fervor.  Plus, this year both teams are unbeaten, so be forewarned. . .this is serious business. Come and join us this Saturday at 11am, and find out for yourself.  There is an invite with directions, a map, and times in the Word document below.  If for some reason, you cannot open the document, please let us know and we'll give you the appropriate info through another route.

Tom, Cheryl, Mike, and Baby James


FYI.

Please cancel the interview schedule for Renshi Zhang.  HR just notified me
that he has accepted another position.  It was scheduled for tomorrow.

I have removed it from the calendars that I have access to.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 04/23/2001
10:19 AM ---------------------------

Zimin Lu
04/19/2001 04:08 PM
To: Shirley Crenshaw/HOU/ECT@ECT, Molly Magee/Enron@EnronXGate
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Renshi Zhang's Resume

Shirley and Molly,

Vince is interested to set up an interview for Renshi Zhang.  Any day except
Thursday next week
is good.

Interviewers: Vince, Stinson, Vasant, Tanya, Alex, Bob,Krishna and myself.

Contact number for Mr. Zhang is 713-544-5989.

Zimin

---------------------- Forwarded by Zimin Lu/HOU/ECT on 04/19/2001 03:52 PM
---------------------------

Zimin Lu
04/05/2001 09:49 AM

---------------------- Forwarded by Zimin Lu/HOU/ECT on 04/05/2001 09:46 AM
---------------------------

Vince J Kaminski
03/14/2001 10:06 AM
To: Zimin Lu/HOU/ECT@ECT
cc:
Subject: Resume

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/14/2001
10:07 AM ---------------------------

Marshall Brown <Marshall.Brown@robertwalters.com> on 03/09/2001 07:46:22 AM
To: Vince Kaminski <vkamins@ect.enron.com>
cc:
Subject: Resume

Vince,
     How are you.   This candidate would be interested in any positions in
your group.
Regards,

Marshall Brown
Vice President
Robert Walters Associates
Tel: (212) 704-0596
Fax:(212) 704 - 4312
mailto:marshall.brown@robertwalters.com
http://www.robertwalters.com

 <<ZHAN_REN.DOC>>

**********************************************************************
CAUTION: Electronic mail sent through the Internet is not secure and could
be intercepted by a third party.

This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
the system manager.

This footnote also confirms that this email message has been swept by
MIMEsweeper for the presence of computer viruses.

**********************************************************************

 - ZHAN_REN.DOC


Here is the other cite.

----- Forwarded by Gerald Nemec/HOU/ECT on 07/06/2000 03:53 PM -----

	LEXIS(R)/NEXIS(R) Print Delivery <lexis-nexis@prod.lexis-nexis.com>
	07/06/2000 03:30 PM

		 To: gerald.nemec@enron.com
		 cc:
		 Subject: LEXIS(R)-NEXIS(R) Email Request (59:0:11094435)

108CKF

Print Request:   LEXSEE

Time of Request: July 6, 2000  04:30 pm EST

Number of Lines: 661
Job Number:      59:0:11094435

Client ID/Project Name:

Research Information:

Lexsee 69 FERC P61,145

Note:

,
PAGE 1

                             LEXSEE 69 FERC P61,145

                           Texas-Ohio Pipeline, Inc.

             Docket Nos. CP92-217-000, CP92-217-001 and MT94-2-000

               FEDERAL ENERGY REGULATORY COMMISSION - Commission

                     69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340

                Order Issuing Certificates and Denying Rehearing

                                November 2, 1994

PANEL:
 [*1]

   Before Commissioners: Elizabeth Anne Moler, Chair; Vicky A. Bailey, James
J.
Hoecker, William L. Massey, and Donald F. Santa, Jr.

OPINION:

   On December 3, 1991, Texas-Ohio Pipeline, Inc. (Texas-Ohio) filed an
application pursuant to section 7(c) of the Natural Gas Act (NGA) and Parts
157
and 284 of the Commission's regulations for certificates of public convenience
and necessity to operate its facilities in interstate commerce and to perform
open-access transportation services on existing facilities known as the Hunter
Pipeline in Garrard County, Kentucky. Texas-Ohio also requested a temporary
certificate to operate the Hunter Pipeline on an interim basis pending
issuance
of a permanent certificate.

   On January 15, 1992, the Commission issued Texas-Ohio a temporary
certificate
authorizing service to existing customers utilizing the Hunter Pipeline; the
temporary certificate is to expire upon issuance of a final Commission order
on
the request for a permanent blanket certificate. n1 On February 14, 1992,
Industrial Energy Services Company (IESCO) sought rehearing of the January 15
order.

   n1 Texas-Ohio Pipeline, Inc., 58 FERC 61,025 (1992).

   We will grant Texas-Ohio [*2]  a case-specific certificate pursuant to Part
157, subpart A of the Commission's regulations to operate the Hunter Pipeline
in
interstate commerce and a blanket transportation certificate pursuant to Part
284, subpart G of the Commission's regulations. These authorizations are made
subject to compliance with the conditions set forth in this order. For the
reasons set forth below, IESCO's request for rehearing is denied.

Notices and Interventions

   Notice of Texas-Ohio's application was published in the Federal Register on
December 10, 1991 (58 Fed. Reg. 64,507). Algonquin Gas Transmission Company,
CNG
Transmission Corporation, Elizabethtown Gas Company, Endevco Oil and Gas
Company
(Endevco), Enron Gas Marketing, Inc., Equitrans, Inc., IESCO, O&R Energy, Inc.
(O&R Energy), Public Service Electric and Gas Company, and Texas Eastern
Transmission Corporation (TETCO) filed timely, unopposed motions to intervene.
,
PAGE 2
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *2

n2 Endevco, O&R Energy, and TETCO support Texas-Ohio's application. IESCO
protests the application and requests an evidentiary hearing.

   n2 Timely, unopposed motions to intervene are granted pursuant to Rule 214
of
the Commission's Rules of Practice and Procedure, 18 C.F.R. 385.214. [*3]

   On December 26, 1991, Texas-Ohio filed an answer to that portion of IESCO's
protest opposing the issuance of a temporary certificate. IESCO responded to
Texas-Ohio's answer on January 14, 1992. n3

   n3 Pursuant to section 385.213(2) of the Commission's regulations, 18
C.F.R.
385.213(2), an answer to a protest is not permitted unless the Commission
orders
otherwise. In order to have as complete a factual record as possible in this
proceeding, we will accept the December 26, 1991 and January 14, 1992 filings
of
Texas-Ohio and IESCO, respectively.

   On February 3, 1992, Energy Marketing Exchange, Inc. filed a petition for
leave to intervene out of time. For good cause shown, and since the late
intervention will not prejudice any party to this proceeding or otherwise
delay
the proceeding, we will grant Energy Marketing's motion to intervene out of
time.

Background

   The Hunter Pipeline is an interconnection between facilities of Tennessee
Gas
Pipeline Company (Tennessee) and TETCO. It consists of two 1,000 horsepower
compressors and approximately 600 feet of above-ground 10-inch diameter gas
pipeline. The Hunter Pipeline is capable of transporting 60,000 Mcf per day of
natural gas.  [*4]

   Texas-Ohio constructed the Hunter Pipeline pursuant to a certificate issued
by the Kentucky Public Service Commission (Kentucky PSC) on November 19, 1990.
This authorization designated Texas-Ohio as an intrastate pipeline operating
as
a transporting utility. However, because Texas-Ohio did not hold an
open-season
prior to commencing transportation operations, only Texas-Ohio Gas, Inc. and
its
sales customers acquired capacity on the Hunter Pipeline. n4 After
constructing
the facilities, Texas-Ohio filed an application with the Commission in Docket
No. PR91-5-000 seeking approval of rates under section 311(a)(2) of the
Natural
Gas Policy Act (NGPA). The Commission instituted rate proceedings on April 29,
1991 to determine whether Texas-Ohio's rates were fair and equitable. n5

   n4 Texas-Ohio is a wholly-owned subsidiary of Texas-Ohio Gas, Inc. (TOG), a
Houston-based marketer that ships Gulf Coast gas to northeastern industrial
end-users via Tennessee and TETCO. Prior to construction of the Hunter
Pipeline,
TOG faced separate bottlenecks on the Tennessee and TETCO systems during the
winter heating season; the location and capacity of the Hunter Pipeline was
selected to avoid these bottlenecks.

   n5 Texas-Ohio Pipeline, Inc., 55 FERC 61,137 (1991).
 [*5]

   On June 3, 1991, Texas-Ohio suspended transportation service through the
Hunter Pipeline upon discovering that the gas being moved through those
facilities was not produced in Kentucky and, therefore, that it was engaged in
,
PAGE 3
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *5

the interstate transportation of natural gas without authorization under NGA
section 7 or NGPA section 311. Subsequently, the Commission instituted an
investigation into the construction and operation of the Hunter Pipeline. That
investigation determined that from the first day of operation on December 1,
1990 through its voluntary shut-down on June 3, 1991, the Hunter Pipeline
transported gas in interstate commerce. n6 On October 19, 1993, the Commission
approved a stipulation and consent agreement in which Texas-Ohio agreed to
pay a
$ 125,000 civil penalty and to implement a program to comply with the NGA and
NGPA. n7

   n6 Texas-Ohio received all the gas that flowed through the Hunter Pipeline
from Tennessee's interstate facility. Texas-Ohio then redelivered the gas to
TETCO's interstate facility.

   n7 Texas-Ohio Pipeline, Inc., 65 FERC 61,069 (1993).Proposal

   Texas-Ohio requests authorization to operate its facilities in interstate
[*6]  commerce and perform open-access transportation service. Texas-Ohio
proposes to charge firm shippers a transportation rate consisting of a
reservation charge of $ 1.4813 per MMBtu and a commodity charge of $ 0.0103
per
MMBtu.

   Interruptible shippers would pay a transportation rate consisting of a
commodity charge of $ 0.059 per MMBtu. n8n8 The proposed initial rates are the
same as those which Texas-Ohio was authorized to charge during the
effectiveness
of the temporary certificate. Texas-Ohio Pipeline, Inc., 58 FERC 61,025 at
61,059 (1992).

   Texas-Ohio states that operation of the Hunter Pipeline will permit
shippers
to avoid bottlenecks on the systems of Tennessee and TETCO. TETCO's bottleneck
is located at a point near the Kentucky-Tennessee border. Due to this
constraint, TETCO has historically curtailed the interruptible transportation
of
natural gas from receipt points located south of the Kentucky- Tennessee
border
that is destined for delivery to points north during the winter heating
season.
During the past three winter seasons, TETCO has curtailed interruptible
transportation for gas originating upstream of its Mt. Pleasant compressor
station [*7]  in Tennessee that is scheduled for delivery downstream to Zones
C
and D.

   The bottleneck on Tennessee's system occurs in Mercer County, Pennsylvania.
As a result, gas produced and transported from receipt points south of Mercer
County cannot be transported to points north of Mercer County during certain
periods of the year. During the past four winter seasons, Tennessee has
curtailed gas moving on an interruptible basis from points upstream of
stations
219, 237, and 313 to locations downstream of those stations.

   Texas-Ohio's facilities are positioned to avoid both bottlenecks. In this
regard, Tennessee typically has interruptible transportation capacity for
deliveries to Texas- Ohio's facilities, but has bottlenecks downstream of its
interconnection with Texas-Ohio. Conversely, TETCO has a bottleneck upstream
of
Texas-Ohio's facilities, but has capacity for the movement of interruptible
transportation volumes downstream of its Mt. Pleasant compressor station. As
such, Texas-Ohio's facilities can be utilized to alleviate bottlenecks on two
different pipeline systems and thereby move gas to markets in the Northeast.
,
PAGE 4
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *7

Discussion

   The Commission finds that by utilizing the Hunter [*8]  Pipeline shippers
located upstream of the TETCO bottleneck can utilize Tennessee's system to
move
gas to Texas-Ohio for redelivery to TETCO and continued transportation
downstream. Shippers upstream of Tennessee's bottleneck, but downstream of
Texas-Ohio's facilities, can, by displacement, utilize Texas-Ohio's system to
access the TETCO system for continued transportation downstream. This
arrangement will avoid both the upstream and downstream bottlenecks and allow
continued delivery of gas to various northeast markets located off both the
TETCO and Tennessee systems. We find that the public convenience and necessity
requires issuance of a certificate pursuant to Part 157, subpart A,
authorizing
operation of Texas-Ohio's Hunter Pipeline.

   The Commission also finds that Texas-Ohio's pro forma tariff generally
complies with the requirements for a Part 284 blanket transportation
certificate. Accordingly, we will grant Texas- Ohio's application for a Part
284
blanket transportation certificate, subject to the conditions set forth herein
to ensure Texas-Ohio's full compliance with the conditions of Order Nos. 636,
497, and 566. Texas-Ohio's Part 284 blanket certificate will become effective
[*9]  upon Texas-Ohio's full compliance with these conditions.

I. Rates

   Texas-Ohio proposes to charge the initial rates that were approved in the
temporary certificate. Under this proposal, firm shippers would pay a
transportation rate consisting of a reservation charge of $ 1.4813 per MMBtu
and
a commodity charge of $ 0.0103 per MMBtu. Interruptible shippers would pay a
transportation rate consisting of a commodity charge of $ 0.059 per MMBtu. The
proposed rates are based on the modified fixed variable rate design (MFV), 100
percent equity capitalization, a 15 percent return on equity, and a 10 percent
depreciation. The reservation and usage charges are based on 100 percent of
the
system design capacity.

A. Rate Design

   Order No. 636 requires pipelines to use the straight fixed variable (SFV)
rate design methodology. n9 Texas-Ohio has not provided any evidence which
would
support an exception to this requirement. Accordingly, we find that Texas-Ohio
should be required to use the SFV rate design methodology. Additionally, since
Texas-Ohio's cost of service does not include any variable costs, we will
require it to use $ 0.0000 as the minimum FTS usage and ITS rates. n10

   n9 See 18 C.F.R. 284.7(d).

   n10 See Gateway Pipeline Co., 55 FERC 61,488 (1991). [*10]  B.
Capitalization
and Rate of Return

   Texas-Ohio proposes a capitalization consisting of 100 percent equity. We
find that it is appropriate to use a hypothetical capital structure consisting
of 57 percent debt and 43 percent equity; this structure is based on the 43.18
percent average equity ratio held by a group of seven major investor- owned
interstate pipelines at the end of 1993.
,
PAGE 5
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *10

   We have generally used recent rates for Baa-rated public utility bonds to
set
the debt costs on similar projects since Baa is the prevailing rating for
pipeline bonds. The rate for Baa utility bonds averaged 8.40 percent for the
six
months ending July 31, 1994, with a one month average of 8.80 percent for July
1994. We find it appropriate to utilize a cost of debt of 8.50 percent.

   Texas-Ohio's proposed 15 percent rate of return on equity is excessive
considering the prevailing cost of capital. We find acceptable a rate of
return
derived from a range of returns based upon an analysis of recent interest
rates
and a discounted cash flow (DCF) study. The lower end of the range is
determined
by the prevailing Baa rating for public utility bonds; as discussed above, we
will use a figure of 8.50 percent for [*11]  the most recent six months. Since
equity is riskier than debt, 100 basis points should be added to the bond
rate,
thus bringing the lower end of the range to 9.50 percent.

   The upper end of the range is determined by a DCF analysis of a proxy group
of seven publicly held natural gas transmission companies. n11 This proxy
group
is used because the DCF methodology requires market price data as an input in
the estimation of investor-expected equity returns. The DCF analysis for the
proxy group results in a range of equity returns of 10.77 percent to 13.41
percent, with a median return of 12.19 percent.

   n11 Coastal Corporation, El Paso Natural Gas Company, Enron Corporation,
Panhandle Eastern, Sonat Inc., Transco Energy, and Williams Companies, Inc.

   This analysis uses dividend yields and forecasts of long- term growth rates
as follows. For the first five years, the Institutional Brokerage Estimate
System (IBES) estimates of five year growth in earnings per share was used.
For
longer-term growth (for the years 2000-2010), estimates taken from DRI/McGraw
Hill (Energy Review, Spring-Summer 1994) for growth in the natural gas
industry
were used. A growth rate for each company in the [*12]  proxy group was
determined by averaging the two growth rates. Combining the bottom and top
figures establishes a range of 9.50 percent to 13.41 percent. The midpoint of
this range is approximately 11.50 percent.

   The Hunter Pipeline went into initial operation in 1990 and faces no
construction risk. Accordingly, we find that the company's risk is no higher
than that of the average pipeline. Therefore, we will require a rate of return
on equity of 11.5 percent, which is equal to the midpoint of the range of
reasonableness.

C. Depreciation

   Texas-Ohio proposes a book depreciation rate of 10 percent calculated on
the
straight-line method which supports an economic life of 10 years. We believe
that the economic life of the Hunter Pipeline will depend upon gas reserves
connected to the Tennessee system and the future demand for natural gas
downstream of those facilities. We are confident that market demand and
operation of Tennessee and TETCO to service downstream markets in the
Northeast
States will continue for the next 25 years. We also believe that the Hunter
Pipeline will operate on a permanent basis and play an important role in the
delivery of gas, especially during high demand [*13]  periods. Based on these
factors, we find that an economic life of 25 years should be used to
calculate a
depreciation rate of four percent for the Hunter Pipeline facilities.
,
PAGE 6
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *13

D. Conclusion

   We will require Texas-Ohio to modify its rates as follows. For
interruptible
service, the minimum rate shall be $ 0.0000; the maximum rate shall be $
0.0518.
For firm service, the minimum reservation charge shall be $ 0.0000; the
maximum
reservation charge shall be $ 1.5749. The usage charge for firm service shall
be
$ 0.0000. n12 The rates approved herein are initial rates under NGA section 7;
their approval does not constitute approval of any underlying rate
methodology,
principle, or concept to be used in any general rate change filed pursuant to
NGA section 4. These initial rates will remain in effect until such time as
Texas-Ohio files an NGA section 4 general rate proceeding. At that time, any
party or the Commission staff may propose new rates based on different
methodologies, principles or concepts.

   n12 All rates are expressed per MMBtu.

   II. Pro Forma Tariff

Texas-Ohio has applied for a blanket transportation certificate under section
284.221 of the Commission's regulations. It  [*14]  proposes to provide both
firm and interruptible transportation service. To commence service under a
blanket certificate, Texas-Ohio must file and place into effect rates, terms,
and conditions that are consistent with Part 284 of the regulations.
Texas-Ohio
has not made a tariff filing in this proceeding; it has, however, filed pro
forma tariff sheets which indicate the form its tariff will take. Generally,
the
pro forma tariff conforms to the Commission's requirements. As discussed
below,
however, certain provisions are either inconsistent with the Commission's
policies or are not adequately justified. Certain specific changes that we
will
require to be made to Texas-Ohio's pro forma tariff are set forth in an
appendix
to this order.

A. Order No. 636

   Review of Texas-Ohio's pro forma tariff indicates a number of changes that
must be implemented to satisfy the requirements of Order No. 636. To implement
those changes, Texas-Ohio must make a tariff filing within 45 days of the date
of the issuance of this order. Also, Texas-Ohio is reminded that while certain
provisions of Order No. 636 may not apply at this time, future changes in its
operations may require tariff revisions to satisfy [*15]  the requirements of
that Order.

1. Equality of Service/Open Season

   Pipelines that offer open-access transportation service must provide those
services on a basis that is equal in quality for all gas suppliers, whether
the
gas is purchased from the pipeline or from another seller. Section
284.14(b)(iv)
of the Commission's regulations, 18 C.F.R. 284.14(b)(iv), requires a
pipeline's
tariff to reflect the principle of equality of service for all gas transported
under each rate schedule.

   Texas-Ohio performs only unbundled transportation service; it does not
provide pipeline sales service. Texas-Ohio does, however, provide
transportation
service for its affiliated marketers, TOG and Texas-Ohio West, Inc. Original
Sheet No. 6, section 3.2, of Texas-Ohio's pro forma tariff provides that
,
PAGE 7
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *15

customers with an already executed firm transportation contract for service on
the Hunter Pipeline as of the effective date of the tariff shall have a
priority
over customers executing a service agreement at a later date. Service is
otherwise offered on a first-come, first-served basis. We find that this
provision gives preferential treatment to selected customers. It is unduly
discriminatory and must be [*16]  removed from the tariff. Further, we find
that
Texas-Ohio has never held an open-season or otherwise provided for the
non-discriminatory allocation of system capacity prior to initiating service.
Accordingly, we hold that Texas-Ohio must implement an open season within 30
days of the date of issuance of an order in this proceeding to ensure non-
discriminatory allocation of system capacity.

2. Pregranted Abandonment and Right of First Refusal

   Section 284.221(d) of the Commission's regulations, 18 C.F.R. 284.221(d),
authorizes pregranted abandonment of interruptible and short-term firm
transportation at the end of the contract. A short-term contract is one with a
term of less than one year. For long-term transportation with a term of more
than a year, section 284.14(b)(1)(xiii) requires the pipeline to establish
right
of first refusal procedures for use upon expiration of the long-term contract.
Texas-Ohio's pro forma tariff does not comply with these requirements; it is
directed to amend its tariff accordingly.

3. Capacity Release and Electronic Bulletin Board

   Section 284.243 of the Commission's regulations, 18 C.F.R. 284.243,
requires
interstate pipelines offering firm transportation [*17]  to establish a
capacity
release mechanism that allows firm shippers to release all or part of their
firm
transportation capacity rights to any person who wants to obtain that capacity
by contracting with the pipeline. The release may be temporary, permanent, or
subject to conditions (i.e., on an interruptible basis). The pipeline must
allocate released capacity to the person offering the highest rate (not over
the
maximum rate) and offering to meet any other terms and conditions of the
release.

   Order No. 636 requires pipelines to provide timely and equal access to any
and all information necessary for buyers and sellers to arrange gas sales and
capacity release, including information regarding the availability of capacity
at receipt and delivery points, and whether capacity is available from the
pipeline directly or through capacity releasing. This information must be
posted
on an electronic bulletin board (EBB).

   Texas-Ohio's proposed tariff lacks these provisions. It must amend its pro
forma tariff to provide a capacity release mechanism and establish an EBB.

4. Upstream Capacity

Section 284.242 of the Commission's regulations, 18 C.F.R. 284.242, provides
that an interstate [*18]  pipeline that offers transportation service on a
firm
basis under subparts B or G of Part 284 must offer, without undue
discrimination, to assign to its firm shippers its firm transportation
capacity,
including contract storage, on all upstream pipelines. Texas-Ohio does not
appear to hold any upstream capacity. In the tariff filing it is required to
make to comply with the requirements of Order No. 636, Texas-Ohio should state
whether it holds any capacity on upstream pipelines. If it does, Texas-Ohio
must
,
PAGE 8
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *18

revise its tariff to comply with Order No. 636.

5. Transition Costs

   Texas-Ohio's filing predates Order No. 636 and consequently makes no
comment
regarding incurrence of transition costs. Accordingly, we will not make a
determination at this time with respect to Texas-Ohio's level of transition
costs. III. Docket No. MT94-2-000 Pursuant to our order of December 23, 1993,
Texas-Ohio filed revised tariff sheets in Docket No. MT94-2-000 to comply with
the requirements of section 250.16(b), 18 C.F.R. 250.16(b). n13 With the
exception of the items discussed below, we find that Texas-Ohio's filing
complies with those requirements. n14

   n13 Texas-Ohio Pipeline, Inc., 65 FERC 61,387 (1993). Section 250.16 of the
Commission's regulations requires interstate natural gas pipelines that
transport natural gas for others pursuant to subparts B, G, H, or K of Part
284,
and that are affiliated in any way with a natural gas marketing or brokering
entity, to file certain information relevant to that relationship.

   n14 On June 17, 1994, Order No. 566 modified section 250.16(b) effective
August 1, 1994 by, among other things, eliminating the requirement that
pipelines (1) receive certain information from shippers in requests for
transportation service, (2) log and post on the EBB complaints made by
shippers,
and (3) include procedures to communicate pricing and capacity information.
 [*19]

   The tariff sheets filed by Texas-Ohio do not set forth the information
required to be filed in a transportation request. Texas-Ohio contends that
since
it is operating under a temporary certificate and is prohibited from providing
transportation service to new customers pending further action on its
application, that information is not applicable.

   While Order No. 566 eliminated certain information previously required to
be
provided in the transportation request form, it still requires pipelines to
maintain a log of data used to allocate capacity. Texas-Ohio must comply with
this provision and file a transportation request form as specified.

   Texas-Ohio can address this deficiency by either revising existing tariff
provisions, including its FTS and ITS request form, or by incorporating the
changes into Section 16 (Order No. 497 Compliance Procedures) of its proposed
tariff. Texas-Ohio must make a compliance filing within 45 days of the
issuance
of this order incorporating all information required by Order Nos. 497 and
566.
Additionally, since the tariff sheets Texas-Ohio filed in Docket No.
MT94-2-000
are not pro forma, Texas-Ohio should filed corrected tariff sheets in a form
[*20]  acceptable to become effective upon issuance of an order in this
proceeding.

IV.Environmental Matters

   On August 22, 1990, Texas-Ohio notified the Commission that it intended to
commence construction of the Hunter Pipeline and that the facilities would be
used for the transportation of natural gas under NGPA section 311(a)(2). This
notice provided the environmental information required by section 157.206(d)
of
the Commission's regulations.

,
PAGE 9
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *20

   To ensure that operation of the Hunter Pipeline compressors complies with
the
noise requirements of section 157.206(d)(5), Texas-Ohio must perform a
post-construction sound survey of the compressor station. This survey must be
performed not later than 30 days after the date of issuance of this order. n15
Texas-Ohio's application for a Part 157, subpart A certificate to operate the
Hunter Pipeline and a Part 284, subpart G blanket transportation certificate
relies solely on the use of existing facilities; no additional construction
authorization is requested or granted. Accordingly, subject to Texas-Ohio's
compliance with section 157.206(d)(5), we conclude that approval of the
instant
application is not a major Federal action significantly affecting [*21]  the
quality of the human environment.

   n15 Section 157.206(d)(5) provides that the noise attributable to any
compressor facility shall not exceed a day-night sound level of 55 dB(A) at
any
existing noise-sensitive areas.V. IESCO's Protest

   In its protest and request for an evidentiary hearing, IESCO charges that
Texas-Ohio's jurisdictional status must be determined as a precondition to the
issuance of a certificate.

   IESCO states that if Texas-Ohio was not a interstate pipeline for the
period
from November 1990 through June 3, 1991, it could not legally offer NGPA
section
311(a)(2) service and competing sellers of gas (such as IESCO) could have been
unfairly deprived of their markets.

   The Commission's January 15, 1992 order issuing Texas-Ohio a temporary
certificate to operate the Hunter Pipeline laid to rest concerns regarding
Texas-Ohio's jurisdictional status. Further, Texas-Ohio agreed in the
settlement
approved in the Commission's October 18, 1993, order to comply with the NGA,
NGPA, and the Commission's regulations. This order issues Texas-Ohio a case-
specific certificate pursuant to subpart A of Part 157 and a blanket
transportation certificate pursuant to subpart G of [*22]  Part 284. No
questions remain as to the jurisdictional status of Texas-Ohio.

   IESCO then complains that Texas-Ohio should have held an open-season during
which prospective shippers would have an opportunity to obtain services on the
Hunter Pipeline. As discussed above, the Commission has investigated
Texas-Ohio's operation and determined, among other things, that Texas-Ohio
notified only its marketing affiliate and the marketing affiliate's customers
of
the availability of capacity prior to construction of the Hunter Pipeline. The
Commission's policies require Texas-Ohio to use a non-discriminatory method of
selecting customers for both firm and interruptible transportation service
when
operating under Part 284. n16 As noted above, we are holding that Texas-Ohio
must hold an open season prior to commencing service under its Part 284
blanket
certificate. This approach will ensure that prior notice of firm capacity is
made available to all interested parties on a contemporaneous basis and in a
non-discriminatory manner. n17

   n16 18 C.F.R. 284.8(b) and 284.9(b).

   n17 See, e.g., Pacific Gas Transmission Co., 54 FERC 61.035 at 61,154
(1991);
ANR Storage Co., 51 FERC 61,114 at 61.304 (1990). [*23]

   IESCO next asserts that Texas-Ohio's proposed tariff does not assure that
nondiscriminatory service will be provided. We disagree. Acceptance by
,
PAGE 10
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *23

Texas-Ohio of the blanket transportation certificate authorized by this order,
and as conditioned herein, will subject Texas-Ohio to the full range of the
Commission's requirements, including those prohibiting discriminatory
practices.

   IESCO states that Texas-Ohio must be required to comply with the provisions
of the Affiliated Marketer Rule. As we noted in the order issuing a temporary
certificate, Order Nos. 497 and 497-A apply to all interstate pipelines with
affiliated marketers. Upon acceptance of the temporary certificate Texas- Ohio
became subject to the conditions of those orders. n18 Texas-Ohio's standards
of
conduct implementing Order No. 497, filed in Docket No. MG93-5-000, have been
accepted by the Commission. n19 When Texas-Ohio complies with this order's
directions, Texas-Ohio will be in full compliance with Order No. 497.

   n18 Texas-Ohio Pipeline, Inc., 58 FERC 61.025 (1992).

   n19 Texas-Ohio Pipeline, Inc., 65 FERC 61,387 (1993); Texas- Ohio Pipeline,
Inc., 67 FERC 61,149 (1994). [*24]

   IESCO asserts that Texas-Ohio's proposed rates have not been shown to be
required by the present or future public convenience and necessity. It is
particularly concerned with the fact that Texas-Ohio seeks to depreciate its
facilities over a ten-year period. As discussed above, we agree that
Texas-Ohio's proposed rates and ten-year depreciation period are
inappropriate,
and we have required adjustments to those figures as appropriate.

   IESCO also raises in its protest issues relating to Texas- Ohio's
application
for a temporary certificate. Those issues were addressed in our January 15,
1992
order issuing a temporary certificate. Issues raised by IESCO on rehearing of
that order are discussed below.

   In view of our disposition of the issues raised by IESCO, we find that
there
are no disputed material issues of fact and, therefore, no need for an
evidentiary trial-type hearing. n20

   n20 See Arkla Gathering Services Co., 67 FERC 61,257 (1994).VI. Request for
Rehearing

   On February 14, 1992, IESCO filed a request for rehearing of the
Commission's
January 15, 1992 order issuing Texas-Ohio a temporary certificate. IESCO
contends first that issuance of the temporary [*25]  certificate to Texas-Ohio
was unlawful on three grounds: (1) the Commission acted beyond its statutory
authority because it improperly determined that an emergency existed; (2) even
if an emergency existed, the Commission failed to make adequate findings
supported by substantial evidence; and (3) the Commission failed to resolve
jurisdictional and tariff issues in connection with issuance of the temporary
certificate.

   NGA section 7(c)(1)(B) provides that "the Commission may issue a temporary
certificate in cases of emergency, to assure maintenance of adequate service
or
to serve particular customers without notice or hearing, pending the
determination of an application for a [permanent] certificate . . . ." The
order
issuing a temporary certificate expressly found that an emergency exists
within
the meaning of section 7(c)(1)(B) of the Natural Gas Act and section 157.17 of
the Commission's regulations, and that the public convenience and necessity
required the issuance of a temporary certificate authorizing Texas-Ohio's
,
PAGE 11
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *25

operation of the Hunter Pipeline in order to continue service to existing
customers who had been relying on that service. n21 In support thereof, the
order referenced [*26]  the fact that: (1) Raritan River Steel Company, the
largest employer in Perth Amboy, New Jersey would be forced to purchase gas
at a
higher price and might have to close its plant with disastrous impacts on the
community; and (2) a number of entities, including the Philadelphia Housing
Authority, the Dartmouth Finishing Corporation, and various schools indicated
that they are operating under strained budgets and that the inability to
transport gas on Texas-Ohio would result in severe fiscal restraints.

   n21 Texas-Ohio Pipeline, Inc., 58 FERC 61,025 at 61,059 (1992).

   Under these circumstances, we believe that an emergency situation was shown
to exist within the standard established by NGA section 7 and that this
conclusion is appropriately supported by the evidence relied upon in the
order.
n22

   n22 See generally, Penn-York Energy Corp., 37 FERC 61,109 (1986);
Transcontinental Gas Pipe Line Corp., 34 FERC 61,402 (1986).

   With regard to its assertion that the Commission failed to resolve certain
jurisdictional and tariff issues prior to the issuance of the temporary
certificate, IESCO complains that:  [*27]  (i) the Commission issued a
temporary
certificate without making a finding that Texas-Ohio is a "natural gas
company"
subject to the Commission's NGA jurisdiction; (ii) the failure to resolve the
jurisdictional issue leaves unresolved the question of whether a certificate
of
public convenience and necessity is needed for the construction of the Hunter
Pipeline; and (iii) the Commission has left unresolved the question of whether
an open-season is required to assure non-discriminatory access to Texas-Ohio's
facility, thus precluding shippers who were denied service from any
opportunity
to obtain service during the period that the temporary certificate is in
effect.

   IESCO's arguments misapprehend the function of a temporary certificate. By
its very nature, issuance of a temporary certificate precedes decisions on
matters related to issuance of the permanent certificate. The issues raised by
IESCO are appropriate for decision in connection with the issuance of a
permanent certificate and we have addressed them above. n23

   n23 We in fact noted in the January 15, 1992 order that the issues raised
by
IESCO relating to the jurisdictional status of Texas-Ohio and the provision of
service on a nondiscriminatory basis would be resolved upon consideration of
the
application for a permanent certificate. We stressed at that time that "the
grant of a temporary certificate is made to allow the resumption of service by
specific customers previously utilizing Texas-Ohio's facilities to prevent
hardship." Texas-Ohio Pipeline, Inc., 58 FERC 61,025 at 61,060 (1992). [*28]

   IESCO also asserts that the Commission improperly refused to order an
evidentiary hearing before issuing the temporary certificate. IESCO alleges
that
efforts in Docket No. PR91-5-000 to determine the original and ultimate
destination of gas transported by Texas-Ohio were unsuccessful. It also states
that the proceedings in Docket No. PR91-5-000 and the instant docket have been
plagued by uncertainty over the identity of Texas- Ohio's customers and the
nature of the services rendered.

   We disagree that an evidentiary hearing was required prior to the issuance
of
,
PAGE 12
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *28

the temporary certificate. NGA section 7(c) does not require either notice or
hearings in conjunction with the issuance of a temporary certificate. Even
where
the statute requires an evidentiary, trial-type hearing, it is necessary only
where material issues of fact are in dispute that cannot be resolved on the
basis of the written record. n24 The matters raised by IESCO are speculative
or
immaterial to the decision to issue a temporary certificate to allow the
resumption of specific services to specific customers. Finally, IESCO alleges
that the Commission failed to attach conditions needed to prevent abuse of the
temporary [*29]  certificate. IESCO states that the temporary certificate
should
have been expressly limited to serving customers previously served through the
Hunter Pipeline and that it should have included a condition for potential
refunds.

   n24 Arkla Gathering Service Co., 67 FERC 61,257 (1994).

   Our January 15, 1992 order specifically provided that the temporary
certificate is not a blanket authorization, but is limited to only those
customers with whom Texas-Ohio has existing transportation agreements. n25 The
order further specified that the grant of a temporary certificate is made to
allow the resumption of service by specific customers previously utilizing the
Hunter Pipeline. n26 Thus, the temporary certificate expressly limited service
to existing customers. Finally, the NGA does not provide for making initial
rates subject to refund.

   n25 Id. at 61,059.

   n26 Id. at 61,060.The Commission Orders:

   (A) Upon the terms and conditions of this order, a certificate of public
convenience and necessity is issued to Texas-Ohio pursuant to subpart A of
Part
157 of the Commission's regulations, as amended from time to time, authorizing
it to operate the Hunter Pipeline [*30]  in interstate commerce.

   (B) The certificate issued in Order Paragraph (A) above is conditioned upon
Texas-Ohio's compliance with Part 154 and paragraphs (a), (c)(3), (e), and (g)
of section 157.20 of the Commission's regulations.

   (C) Upon the terms and conditions of this order, a blanket certificate of
public convenience and necessity is issued to Texas-Ohio authorizing it to
perform the activities specified in subpart G of Part 284 of the Commission's
regulations, as amended from time to time. The certificate issued to
Texas-Ohio
in Ordering Paragraph (A) above is conditioned upon Texas-Ohio's acceptance of
this blanket certificate.

   (D) Upon the terms and conditions of this order, permission for and
approval
of the abandonment by Texas-Ohio of the services authorized in subpart G of
Part
284 of the Commission's regulations, as amended from time to time, are
granted.

   (E) The certificate issued in Ordering Paragraph (C) above, the abandonment
authorized in Ordering Paragraph (D) above, and the rights granted thereunder
are conditioned on Texas-Ohio's compliance with the applicable Commission
regulations under the NGA, including Parts 154, 157, and 284, and paragraphs
(a)
and (e)  [*31]  of section 157.20 of the Commission's regulations.

   (F) Texas-Ohio must make a filing within 45 days of the date of issuance of
,
PAGE 13
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *31

this order revising its tariff to implement the requirements of Order No. 636.

   (G) Texas-Ohio must make a filing in Docket No. MT94-2-000 within 45 days
of
the date of issuance of this order revising its tariff to comply with Order
Nos.
497 and 566.

   (H) Texas-Ohio must conduct an open-season to allocate capacity on its
system
to initiate Part 284 transportation within 30 days of the date of issuance of
this order.

   (I) Texas-Ohio shall conduct a noise survey of its compressor station to
comply with 18 C.F.R. 157.206(d)(5) not later than 30 days after the date of
issuance of this order.

   (J) IESCO's protest and request for a hearing is denied. (K) Energy
Marketing
Exchange's petition for leave to intervene out of time is granted.

   (L) The motions of Texas-Ohio and IESCO to file answers dated December 26,
1991 and January 14, 1992, respectively, are granted.

APPENDIX:

   APPENDIX

   Pro Forma Tariff Analysis: Specific Comments

1. Rate Schedules FTS and/or ITS

   Section 1 - Availability

In this section, Texas-Ohio reserves the right, in its sole judgement
(exercised
on a reasonable [*32]  and non-discriminatory basis) to decline service
whenever
it would be contrary to good operational practices or detrimental to other
customers. Texas- Ohio should revise this section to set out the specific
criteria or detrimental actions that would trigger this clause.

   Section 1.(iii) of Rate Schedules FTS and ITS requires shippers to provide
Texas-Ohio with "acceptable" evidence of, among other things, gas supply,
market, and other transportation services. The term "acceptable" is vague and
subject to unduly discriminatory interpretation. Texas-Ohio must set forth
specifically the evidence required to be "acceptable".

   Section 2- Applicability and Character of Service

Section 2.4 of Rate Schedule ITS states that transportation will be "subject
to
curtailment or interruption as deemed necessary in Texas-Ohio's discretion."
The
provision is vague and could result in unduly discriminatory application of
curtailment procedures. Texas-Ohio must modify the provision to detail the
specific operational characteristics and criteria used to determine the
conditions and need for curtailment.

   Section 3 - Priority and Interruption of Transportation Service

,
PAGE 14
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *33

Section 3.2 of Rate Schedule  [*33]  FTS provides for firm service on a first
come, first served basis. However, Texas-Ohio retains a priority for customers
with existing FTS agreements. This provision is unduly discriminatory and must
be removed from the tariff.

   Section 3.4 of Rate Schedule FTS provides that Texas-Ohio can curtail
service
due to reasons of force majeure "or any other operational considerations to be
reasonably determined by Texas- Ohio". Texas-Ohio must set forth the specific
operational considerations it would rely upon in exercising this authority.

   In Section 3.5 of Rate Schedule FTS and Section 3.3 of Rate Schedule ITS,
Texas-Ohio proposes to suspend service if a shipper's account is unpaid for 30
days. Texas-Ohio can suspend service without prior Commission approval if a
customer fails to pay a billed amount within 30 days of the due date, but only
where 10 days notice is given and the shipper neither pays the bill nor
provides
guarantee of payment. Texas-Ohio must modify these provisions to provide for a
10 day notice period.

   Section 4 - Requests for Transportation

Section 4.1 of Rate Schedules FTS and ITS states that a shipper must complete
a
FTS or ITS Request Form; however, no request  [*34]  form is included.
Texas-Ohio must establish a request form as part of its tariff. That form must
comply with the requirements of Order No. 497 as set forth in section
250.16(b)
of the Commission's regulations.

   Section 5 - Operating Conditions

Section 5.1 of Rate Schedules FTS and ITS requires shippers to provide
Texas-Ohio with estimates of gas to be transported and such other operating
data
as Texas-Ohio may require. This section should be amended to specify what
other
operating data may be required of shippers.

   Section 5.4 of Rate Schedules FTS and ITS specifies that Texas-Ohio will
not
provide service on any day for which all necessary upstream and downstream
arrangements cannot be confirmed. This clause should be amended to state that
any action will be taken on a non-discriminatory basis.

   Section 6 - Rates

Section 6.2 of Rate Schedule FTS defines the monthly reservation and commodity
(usage) charge. Texas-Ohio should insert the word "maximum" in the second
sentence prior to "monthly commodity charge" and "unit commodity rate(s)".

   Section 9 - Waivers

Section 9 of Rate Schedule FTS provides that Texas-Ohio may waive any rights
hereunder or any obligations of a customer on [*35]  a basis which is not
unduly
discriminatory.  This language creates the impression that Texas-Ohio retains
the discretion to waive default by the shipper of any provision in the tariff.
This would give Texas-Ohio excessive latitude in operating under its tariff
and
provide an opportunity for undue discrimination among shippers. Waiver
provisions are permissible, but they must serve a functional purpose and
operate
under a specific and clearly defined set of circumstances. Texas-Ohio must
specify the criteria it will use in determining whether to waive a particular
,
PAGE 15
                 69 F.E.R.C. P61,145; 1994 FERC LEXIS 2340, *35

provision.

   2. General Terms and Conditions

Texas-Ohio's pro forma tariff contains no scheduling or imbalance penalties.
Pipelines are permitted, but not required, to impose penalties to maintain
control of their system. If scheduling or imbalances become a problem in the
future, Texas- Ohio can make a tariff filing to propose appropriate penalties.

   Section 2 - Transporter Receipt Point(s)

   Section 2.2 provides that Texas-Ohio's obligation to receive and deliver
gas
shall never exceed the total daily volume Shipper is able and willing to
receive. Texas-Ohio must remove the words "and willing" from this provision.
The
phrase [*36]  is vague and could lead to discriminatory activities.

   Section 5 - Nominations and Balancing Deliveries

Section 5.1 provides that a shipper will inform Texas-Ohio daily, "or on some
other basis as Transporter may reasonably require pursuant to such other
procedures as may be established and published by Transporter from time to
time
. . . ." of the daily gas quantity. The phrase is vague and should be replaced
with language specifying what other basis for notification is required (e.g.,
phone, fax, or telecopy).

   Section 5.2 requires shippers to give Texas-Ohio notice 24 hours in advance
"or as Transporter may designate from time to time" of any change in the daily
quantity. Texas-Ohio should specify what alternative time frame would meet its
requirements or delete this phrase.

,
108CKF
**********  Print Completed  **********

Time of Request:   July 6, 2000  04:30 pm EST

Print Number:      59:0:11094435
Number of Lines:   661
Number of Pages:   15
,


The following files contain a graphical view of the average deal count per
month by Commodity for EOL and OTC transactions since the launch of
EnronOnline. This information is for comparitive analysis only.  Do not
update links when opening these files.

AVERAGE DEAL COUNTS FOR COMMODITIES (excluding Global Liquids, which displays
monthly totals)

NA GAS BREAKOUT BY REGION (Non-Averaged, including Volume and Notional Value)

If you have any questions regarding this breakout, please contact one of the
following:

Torrey Moorer x3-6218
Matt Motsinger x3-5221
Pete Berzins x5-7594

Matt
EnronOnline


Are you going to handle this?
PL

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Tuesday, January 15, 2002 11:45 AM
To:	Love, Phillip M.; Keiser, Kam
Cc:	Wong, Jeremy; Lim, Francis S.
Subject:	RE: New NETCO books

If the central books have 2 set up then I'll leave MC assigned to GD and we need another set of central books set up for P/B/I.  Please have the new books set up in Global first (with new book codes, not MC) then email me the new IDs, book names, book codes and region codes.

CP ID	Short Name	Code	Region	Commodity	Uom	Currency	Commodity/UOM/Curr	P	B	Idx	GD	PHY	Y
	FB-CENT1-CAD-GD?		CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X			X
	FB-CENT2-CAD		CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X			X
	FB-CENT3-CAD		CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X			X
	FB-CENT4-CAD		CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X			X
	FB-CENT5-CAD		CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X			X
	FB-CENT6-CAD		CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X			X

Call me if you have any questions.  Thanks.

Cecilia
x53362

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Tuesday, January 15, 2002 9:15 AM
To:	Cheung, Cecilia; Keiser, Kam
Cc:	Wong, Jeremy; Lim, Francis S.
Subject:	RE: New NETCO books

The West books should be GD and GDY for Canadian deals.  I would think that the central books should have two set up, one for P/B/I and one for GD.  I believe I had called you and said that the books should be set up like FT-ONT-GDL for the gas daily books.  This is correct.  Thanks.
PL

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Monday, January 14, 2002 5:31 PM
To:	Keiser, Kam; Love, Phillip M.
Cc:	Wong, Jeremy; Lim, Francis S.
Subject:	New NETCO books

Phillip/Kam,

The following new Canadian gas books are all assigned to "MC" but a canadian book can either be price/basis/index or gasdaily but it cannot be both (otherwise cause problems in PortCalc).  I remember we discussed about this last time and I was told to use FT-ONTARIO as the example, but there are a lot of FT-ONTARIO books like FT-ONT-CENTRAL and FT-ONT-GDL with different setup.

For example, 166860 has all P/B/Idx/GD checked which it shouldn't be.  And 166859 has GD checked so does it mean it should be set up as a Canadian gasdaily book?  Then if 166860 - 166877 are Canadian price/basis/index, another book code should be assigned instead of using MC.  Please advise.

CP ID	Short Name	Code	Region	Commodity	Uom	Currency	Commodity/UOM/Curr	P	B	Idx	GD	PHY	Y
166860	FB-CENT1-CAD	MC	CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X	X		X
166863	FB-CENT2-CAD	MC	CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X	X		X
166867	FB-CENT3-CAD	MC	CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X	X		X
166871	FB-CENT4-CAD	MC	CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X	X		X
166875	FB-CENT5-CAD	MC	CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X	X		X
166877	FB-CENT6-CAD	MC	CENT	NGGJ	GJ	CAD	NG/GJ/CAD	X	X	X	X		X
166859	FB-WEST1-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166865	FB-WEST2-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166869	FB-WEST3-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166873	FB-WEST4-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166876	FB-WEST5-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166880	FB-WEST6-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166881	FB-WEST7-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166882	FB-WEST8-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X
166883	FB-WEST9-CAD	MC	WEST	NGGJ	GJ	CAD	NG/GJ/CAD				X		X

Also as per our conversation with Kam, all PB-HDG books set up from the original list have been removed from the database as they were not supposed to be set up in Tagg/Erms.

Thanks,
Cecilia
x53362


Bus passes for January are now available at the Parking and Transportation office on the third floor of the Enron Building, ECN 306.  These passes are offered on a monthly basis and are provided at no charge to the Enron employee. However, because these buses passes are fully subsidized they must be treated as "taxable" income. Excluding the first $65 of the bus pass, the remaining value is subject to taxation, collectively referred to as "imputed tax". See example below

Example: A $100 pass is chosen by an employee.

Subsidy for Bus Pass		$100.00
Exclusion amount			$  65.00

Taxable Income amount		$  35.00


At the request of Bob Shults, I am enclosing a copy of our proposed form of
Non-Disclosure Agreement.  If you have any comments or questions, please do
not hesitate to call me at (713) 853-3399, or email me your comments.


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

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

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

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

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

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

Thank you,

Dan Diamond