Thought you might get a kick out of "ISO California" (at the end of this
email) written by Steve Huntoon, who is now with Dynegy's DC office.    --
Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 03/16/2001 10:29 AM -----

	Mary.Doyle@dynegy.com
	03/16/2001 10:08 AM

		 To: Lyoho@enron.com
		 cc:
		 Subject: WPTF Friday Crazy About U Burrito

Check out the end of the burrito.

THE FRIDAY BURRITO

Ben Zycher from the RAND Corporation used the following line in his talk at
the WPTF General Meeting in Phoenix a few weeks ago. The story takes place
in the good ol' days of the Soviet Union when Brezhnev was Premier.
Brezhnev and the rest of the Politburo one fine May Day were watching the
tanks and missiles pass by the Kremlin Wall, when Leonid noticed in the
middle of the parade a truck carrying a group of civilians.; He turned to
Dmitri Ustinov, the Defense Minister, and asked, "Who are they?"; Ustinov
replied, "Those are our economists.; You just wouldn't believe their
destructive potential."

This is appropriate for our time and our situation.; The economists
descended upon us when the California market was designed, but we know not
from where.; Aliens?; Since weaving conspiracy theories is a popular past
time in Sacramento ("We just know they are gouging us, them bullies"), I
believe that one must do the same by following the money.; I'm not talking
about the campaign contributions in Gray Davis' pocket. The most money has
gone from power sales in California to the Canadian Province of British
Columbia.; It was a plot the Canadians hatched. I mean, look at Governor
Davis.; He looks kind of BC-ish.; Skinny and lanky, wimpy hair, and a
hesitation in his speech. He talks their language: a mix of misspelled
French ("meet me at the centre"), English, and Eh(?).; One night in 1996,
the BC government secretly sent us some economists by the truckload to
destroy California.; The utilities probably paid for the bus tickets.; I
happen to know that Frank Wolak, Chair of the ISO Market Surveillance
Committee once lectured at a University in Vancouver, B.C..; What more
evidence do you need?; The BC Government sent us cheap hydro power, sold at
inflated market prices so that they could do what the citizens of
California wanted to do with their budget largess ? build roads, schools,
and hospitals. They didn't think we could figure out their plot, but we
did.; Now is the time for California to counter-attack.; We'll send them
some of our politicians, a bipartisan group including a few who can add,
and some of our select energy thugs from the CPUC and the Blind Oversight
Board.

Speaking of times and situations, there was a time when discussing the ISO,
words such as "communist" and "Nazi" were only uttered, by my pal, Carl
Imparato,.; We would shake our heads, and chuckle at Carl's extremism.; We
aren't laughing now.; The descriptors seem to arise again and again in
polite conversation by a wider circle of people.; I watch with utter
amusement (because the alternative is retching breakfast) at the
demagoguery of the ISO Governing Board, the Market Despair Team, the
Governor's office, and some members of the California Legislature. Like an
audience watching a tragedy from hell, we scream aloud, "These people are
crazy!"; And indeed, they are.; Mr. President is not helping us at all by
continuing to wrangle over who gets the musical Chair at FERC ? Bubba Curt
or Bubba Patrick.; Listen to us, Mr. President.; Let Bubba Curt keep the
reigns for a year or two, and let Bubba Patrick take a seat at the table.
We need someone with a shockproof BS detector.; Someone who can honestly
field a motion to dismiss the California ISO.; The time is long overdue to
shoot this horse in the head.

Not all is evil.; This week in Houston, the resource capital of California,
I visited the trading floor folks at Dynegy, before attending the WTPF
Board meeting.; The coolest thing I saw, besides all the neat gadgets on
each trader's desk, was the coffee machine.; Brother Jolly Hayden showed me
how to use it.; You pick the type of coffee you want.; The contents of the
coffee are in a shot-glass sized plastic tub with a foil top.; I picked
Venezuelan #6 Decaffeinated Waxy Crude.; The tub is placed inside the
brewing machine, and the start button is pushed.; Presto, coffee drips from
the spout into a waiting cup.; I asked Jolly, "How did the hot water get
mixed into the ground beans?"; He removed the tub from the machine and
showed me a pin prick hole made in the foil top, and another that was made
at the bottom.; Is that neat, or what?

I would like to buy a brewing machine just like the Dynegy coffee machine,
but a little larger.; I would set up a booth in Sacramento, on the corner
of 11th and "L", and bark out to passing members of the Legislature, "Free
space shuttle. Come and see life on other planets."; They would jump at the
chance to visit other planets.; I would seat them in the machine, push the
start button, and voila.; Dripping out would be the essence of democracy.
Don't worry about the holes needed at the top and the bottom.; They are
already there, and quite enlarged.

Back to my day at Dynegy.; Trade floors might seem similar across
companies, but the small differences speak to the management style embraced
by the crew and its leaders.; Each electric trading desk, for various parts
of the country, is set up a little bit differently.; For example, some
desks have a person doing asset-backed trading, but some don't.; When I
arrived at 6 a.m., Houston time, the Eastern desk was busy in its trade
day.; The Western folks hadn't arrived, yet.; Later, I sat with Randy
LeForce of the Western desk.; "Captain LeForce, to you", he told me.; He
could talk big because Dave Francis, who sits next to Randy, and hangs
witty quotes from the ceiling above his head ("Even a blind pig could make
money in this market"), was on vacation.; As the pace of the trading
gathered steam, Randy kept an eye on all the different people working the
Western trading desk.; The Captain worked it like a maestro.

During my visit, some Dynegy folks came up to me, introduced themselves,
and said how much they enjoyed the Friday Burrito.; I'll tell you what.
There are few things in life that give me as much satisfaction.; Complete
strangers who tell you that something you do makes them feel good, well, it
doesn't get any better than that.; Garrison Keillor, the well-known author
of Lake Woebegone Days, and NPR radio entertainer once said a writer should
have an audience.; Not everyone in the world should be in the audience, but
an audience nonetheless of some people.; I now know what he means.; And the
people I met on the trading floor felt like they knew me, and shared with
me their thoughts and opinions on a lot of things.;; Often they asked me,
"Are those California people really that crazy?"

Since last week, you might have noticed the pace at the FERC has picked up,
somewhat.; Last Friday the FERC issued an Order on possible refunds for
alleged overcharges by parties selling to the ISO last January.; That was
news worthy.; Then, on Wednesday, the FERC issued an Order to remove
barriers to additional electric generation in the West.; The Order admits
that it won't change the dire situation in the West, but these are steps in
the right direction.; The FERC also issued on Wednesday a show-cause order
to AES and Williams regarding the maintenance of RMR units that were called
by the ISO in April and May of 2000.; That is a serious case that we must
watch closely.; Also this week, the California Senate kicked off its own
investigation (this will be the tenth such investigation of the California
markets to uncover alleged price manipulation).; The Senate Committee will
have subpoena rights, and if I understand it correctly, they plan to
subpoena individuals.; Sounds like a Kangaroo Court and a Three-Ring
Circus, to me. Thursday, Secretary Abraham stated in a congressional
hearing that the West would certainly experience power outages this summer.
Finally, an LA Times reporter asked me if I had heard that a small QF
company had filed for seizure of SCE property to satisfy an outstanding
debt.; That would be step one of the bankruptcy cha-cha.; All in all, a
typical week among crazy people.

Let's see what else we can talk about.

Things in the People's Republic of California
;@@@ PUC Updates Utility Liabilities
;@@@ Be a Source for Energy Price Update
;@@@ BPA Misquoted in the WSJ

Things FERC
;@@@ Market Monitoring Proposal

Letters

Jobs and People

Odds & Ends (_!_)
================================

Things in the People's Republic of California
;@@@ PUC Updates Utility Liabilities

My favorite regulator, the California PUC, issued an Order in the
Utilities' Rate Stabilization case to re-open the record on utility audits.
Although the text of the order is unremarkable, the data tables bring up to
date, as of March 8, the outstanding liabilities of PG&E and SCE.

The PG&E commercial paper obligation due as of March 8 increased by $354
million since January 31, for a total default amount of $790 million.; QF
purchases increased by $280 million for the same five-week period, now
totaling $651 million.; The ISO payments increased $934 million, now
totaling $1.5 billion, and the direct access charge backs for negative PX
credits increased $214 million, now totaling $433 million.; PG&E's total
default amount is now $3.3 billion excluding amounts yet to be collected
from PG&E customers for DWR purchases.

The SCE balance is as follows: The commercial paper obligation that is due
as of March 8 increased by $260 million since January 31, for a total
default amount of $401 million. SCE defaulted on a significant amount of
long-term debt principal and interest, roughly $249 million.; QF purchase
defaults increased by $354 million for the same five-week period, now
totaling $835 million.; The ISO obligations decreased $1.1 million, and the
direct access charge backs for negative PX credits increased $21 million,
now totaling $25 million.; SCE's total default amount is now $1.7 billion
excluding amounts yet to be collected from SCE customers for DWR purchases.

There is little question that the QFs are taking it on the chin, big time.
In the last five weeks, between January 31 and March 8, the defaulted
payments to the QF owners from both utilities has increased $630 million.
The total QF default for both utilities as of March 8 stands at $1.5
billion.; Does anyone wonder why 1500 MW of QF capacity has shut down in
California?; Without these payments being made very soon, I would expect
the amount of shut down QF capacity to easily double, or more.; Why would
these projects produce without the promise of being paid?

Things in the People's Republic of California
;@@@ Be a Source for Energy Price Update

Art O'Donnell, editor and associate publisher of the well-known and widely
read California Energy Market (CEM), is looking for traders willing to
participate in his survey in exchange for receiving an advanced copy.; The
Survey is a regular feature in CEM. The information collected by Art is
matched against the responses of the other people he interviews and some
posted sources (Pricewaterhouse Coopers; BPA's daily offerings, for
instance).; It is written up in narrative form. The report goes out twice
weekly, once on Wednesday afternoon/evening via e-mail as a courtesy to the
respondents (because the week is pretty much done by then), and a rewrite
on Friday that is e-mailed around 10 am, posted on the newsdata.com Web
site, and published in the newsletter for general consumption. The Friday
report also features a brief story about natural gas markets in the West

The WPTF Board of Directors has allowed me to publicize this offering, and
to explain that if your company is interested in participating, the
information you provide to Art would be protected as confidential.; In
Art's words, "The price survey is ? unlike some attempts at creating a
tradable index number (e.g. McGraw-Hill's Power Markets Week index or the
Dow Jones indices), is more of a narrative about the state of the market d
a pulse reading as opposed to a blood pressure number or an EKG. As such, I
do not ask traders and schedulers for precise dollar figures or volumes
associated with specific trades, but rather questions like, 'What's
Mid-Columbia going for today? What about off-peak? How has that changed
since this morning? Oh yeah, why is that? Anything else I should know?'"

The WPTF Board asked Art to explain how the information he collects would
be protected since so many marketers and generators are under State data
subpoenas.; Art replied, "The Constitution of the State of California
provides for a blanket immunity against government intrusions for news
gathering from confidential sources and unpublished information, something
which we believe in strongly at Energy NewsData Corporation and which we
are willing to go to jail to protect. So if, for instance, the Attorney
General tried to subpoena me or anyone from my staff about power price
information, we would 1) refuse to divulge anything other than the already
published accounts, 2) send back a copy of the Constitution, 3) contact the
attorneys for the Society of Professional Journalists, and 4) start
preparing a benefit party to raise legal fees. "

If you would like to participate in Art's survey, please e-mail him at
aod@newsdata.com.

Things in the People's Republic of California
;@@@ BPA Misquoted in the WSJ

In last week's Burrito, I referred to a Wall Street Journal article that
portrayed a BPA trader as admonishing the DWR for accepting bids over
market prices.; I was surprised when I received the following e-mail from
BPA's David Mills.; His message to me copied a letter he sent to DWR's Ray
Hart, explaining what he meant as opposed to what he was quoted as saying.

Dear Ray:

As per our telephone discussion, I just wanted to reiterate a few things
re:the Wall Street Journal article and the quotes attributed to me.; At no
time during the interview with Ms Smith did I state that I thought that
CDWR's offers were out of line with the prevailing market price in
California or that your traders should check that price before entering the
market.; The reporter was quite interested in the price difference between
California and the MidC price here in the Northwest and when I asked I told
her that currently that price delta was roughly $50-$100 MWhr, with MidC
being lower than the CA prices.; I did not indicate to the reporter that I
thought that CDWR was paying more than the California market price and was
simply trying to make a comparison of price relativity between California
and the Northwest.; Lastly, BPA has, on occasion, charged extra-regional
entities less than the prevailing market price but has only done so to
remain consistent with our own pricing strategies.

;I apologize for any misconceptions or miscommunications that may have
resulted from this and look forward to a continuing working relationship
between CDWR and BPA.

Things FERC
;@@@ Market Monitoring Proposal

FERC Staff issued a report with "Recommendations on Prospective Market
Monitoring and Mitigation for the California Wholesale Electric Power
Market."; WPTF members are taking this proposal very seriously, and we
intend to provide comments on March 22.; If you are interested in a copy of
the report, go to http://www3.ferc.fed.us/bulkpower/bulkpower.htm.

General members are able to participate along with the Board members and
other general members working on our response.; We have retained the
services of Dr. Ben Zycher of the RAND Corporation to help us draft the
policy issues.; He will be working with our counsel, Dan Douglass of Arter
& Hadden to craft our reply.

In short, our submission will point out the flaws in FERC's proposed
methodology, and demonstrate the shortcomings of narrowly limiting the
definition of producer marginal cost to operating variable cost.; Further,
excluding measures of credit worthiness are an important missing variable
in the FERC analysis.; Next week, I will include a short summary of our
response in the Burrito.

Letters

I received a note from one of our legal beagles that drop me a line every
now and then.; I don't have the facts of the case to which this person
refers, but I hope the sender provides us with an update if a judgement
should occur. "Universal Studios wants FERC to find that Universal owes no
penalty to SCE for not interrupting its interruptible load (under a CPUC
rate schedule) because SCE did not adhere to the FERC requirement in the
Dec 15 order to schedule 95% of its load in the day ahead market ......
according to Universal, if SCE had done so, then it would have had to
provide Universal power at below its cost.; SCE didn't and Universal; got
interrupted and now Universal owes $$$$$$$$$$$$$."; Does anyone else know
about this filing?

Lind Guerry, veteran of the PX halcyon days, wrote, "Hi Gary.; Hope you're
having a nice day.; Just wanted to let you know that I'm really enjoying
the Burrito, and am so glad you're sending it to my home email.; I really
got a kick out of the "Ten Reasons...."; It's hard to believe that our
wonderful state is in such incompetent hands, isn't it?; And not only are
they incompetent, they continue to remain so, with such regularity, you
could probably make a killing marketing their incompetence as a laxative.
Do you think if we tried to do that, we'd get accused of exercising market
power? Think of the power we'd wield, as the holder of the largest amount
of incompetence!! "

Lind, we need a product name for the laxative idea.; Any ideas? How about
Sane Away?

Jobs and People

The folks at Dynegy sent me a couple of job postings.; If your company has
similar posting or job openings, or if you are reader looking for a new
gig, drop me a line.; After all, it's free.

Position Description:

Dynegy's position has responsibility for the development of transmission
and power markets in a geographic region of the U.S.; Duties are driven
primarily by federal, regional, and state activities to restructure and
deregulate the electric power industry, and the need for industry
participants to develop and implement market structures, policies, and
regulations that promote liquid and competitive transmission and power
markets.; Significant activity within a region to reshape the structure and
operation of the transmission grid is resulting from FERC Order 2000, which
directs the establishment of Regional Transmission Organizations. Extensive
travel (40%-60%, and higher at times) is highly probable. Primary goals of
this position are to:1) Create more liquid and competitive transmission and
power markets;; 2) Maximize the value of Dynegy's positions and assets by
working closely with the trading and power groups to develop;; and
implement commercial strategies that create and capture significant
business opportunities; and 3) Provide timely and accurate information,
market intelligence, and recommendations to clients. 4) Maximize the value
of Dynegy's positions and assets by working closely with the trading and
power groups to develop and implement commercial strategies that create and
capture significant business opportunities; and recommendations to clients.

Interested parties should contact Jolly Hayden at jjha@ngccorp.com.

Odds & Ends (_!_)

First, I would like to welcome WPTF's newest general member, Wellhead
Electric.; Hal Dittmer is the founder and president of Wellhead.; I have
known Hal for a couple of years, first as a client for my over priced
consulting services, and later as a friend and source of all kinds of
useful information.; Wellhead is one of those QF owners who are owed a
boatload of money.; However, Hal's company is developing some new projects,
and he is looking for prospective power buyers.; Hence, his interest in
WPTF is obvious. Wellhead is WPTF's 31st member.

Well, the Dynegy gang has been a source of comfort and joy to me this week.
They couldn't let me leave their abode without stuffing a song in my pocket
that is a tribute to their creative skills.; Timely too.; Sing it to the
tune of "California Dreaming", by the Mamas and the Papas.

                              ISO California
                     (to the tune of Hotel California)

On a dark Western highway
No wind in my hair
No rain for the hydro
No NOX in the air
Up ahead in the distance
I saw a flickering sight
The load grew heavy and the lights grew dim
No relief in the night
So we stood in the darkness
Down at the Taco Bell
And I was thinking to myself
This could be Heaven or this could be Hell
We lit up a candle
No power in the Bay
There were voices down the corridor
I thought I heard them say; ?

Welcome to the ISO California
Such a lovely place
Such a lovely place
Such a lovely face
Powering up for the ISO California
What a nice surprise
What a nice surprise
Bring your alibis; ?

Its mind is policy twisted
Can't stop consumption trends
Got a lot of NIMBY boys
Cisco calls friends
How we sweat in the courthouse
Sweet summer sweat
Without the AC
We try to forget
So I called up the Gov'nor
Please energize this line
He said
We haven't built a new plant here since 1969
Last thing I remember
We were running for the door
We had to find the passage back to the place we were before
Relax said Judge Damrell
California's programmed to receive
Go belly up any time you like
But your power can never leave

[refrain]

==========================
Don't refrain.; Have a great weekend, y'all.
gba


Sara,

The emails -- with respect to the priority agreements -- should be in lotus
notes since I immediately forwarded the emails to Sam and Stephanie asking
that they put the information in there.

I think that after we get the priority agreements done in the next few days
hopefully, we can get lotus notes updated for all of the agreements.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693

	Sara Shackleton@ECT
	02/08/2001 04:25 PM

		 To: Cheryl Nelson/NA/ENRON@ENRON
		 cc:
		 Subject: Re: Raymond James Brokerage Agreement & more

You are correct in that I do not need the emails.  However, when I receive
calls from Sheila or Gary or a counterparty, I rely upon  Lotus Notes and the
information is not there.  I know that everyone is working diligently to
satisfy the traders' requests.  The emails you are sending can be entered
directly into the database so that everyone can access the information.  I
will be glad to show you how to utilize this feature.

What do you think is a reasonable date to ask Sam and Stephanie to complete
their review of the brokerage agreements in Lotus Notes?

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

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	02/08/2001 03:46 PM

		 To: sara.shackleton@enron.com
		 cc:
		 Subject: Raymond James Brokerage Agreement & more

Sara, earlier this week, I asked Stephanie and Samantha to update lotus notes
on the brokerage agreements that we prioritized last week.  In addition to
lotus notes, I often send emails to the traders to keep them updated -- as
the attached is an example.  If you would like to be copied so that you know
what's going on -- i.e., that I am working diligently on the brokerage
agreemetns on a daily basis, let me know.  I fgured that you did not want to
be flooded with the emails and that, instead, we would meet every other week
for an update.  Let me know -- whatever makes you feel more comfortable is
what I would like to do.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693
----- Forwarded by Cheryl Nelson/NA/Enron on 02/08/2001 03:42 PM -----

	Cheryl Nelson
	Sent by: Cheryl Nelson
	02/08/2001 10:38 AM

		 To: aneela.charania@enron.com
		 cc:
		 Subject: Raymond James Brokerage Agreement

Hey Aneela, here is the other email sent to Paul this week.  As you can see
from the attached, we are still in the process of discussing key issues with
RJ, the agreeemtn is not yet in execution posture.  In a phone call
subsequent to the attached email, we resolved all of the issues identified
below (in Enron's favor), except for the limitation of liability issue (see
my previous email to you) that Paul and I are looking into.  I just want to
convey to you that this is a priority to us and we are working on it daily.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693
----- Forwarded by Cheryl Nelson/NA/Enron on 02/08/2001 10:35 AM -----

	Cheryl Nelson
	Sent by: Cheryl Nelson
	02/07/2001 03:04 PM

		 To: pmatecki@enron.com; dhawke@enron.com
		 cc: stephanie.panus@enron.com
		 Subject: Raymond James Brokerage Agreement

Paul, I tried to call you at our scheduled time but you were not available.
To expedite the process, let me tell you here what the outstanding issues are:

1. Para. 15 - Can we clarify this last sentence that you put in the most
recent draft.  What are we meaning to say there?

2. We feel strongly about including the limitation on liability issue.  We
especially want to limit any liability to punitive damages.  We think its
mutually beneficial.  Did you leave this out intentionally?

3.  Did you intentionally reject our draft confidentiality provisions?

If you do not have time to call me today, please send back an emailed
response.

Cheryl Nelson
Senior Counsel
EB3875
(713) 345-4693


yeah - mike is entering all his deals now.

Kerri Thompson@ENRON
03/15/2001 01:18 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource checkout

missing deal for mike driscoll

buy duke
298.00
25 mw
june
midc


Thank you!


We did receive this from David.

David Haug@ENRON_DEVELOPMENT
12/13/2000 02:14 PM
To: Kenneth Lay/Corp/Enron@ENRON
cc:
Subject: Re: Succession Plan

Congratulations on making this not-unexpected move in a smooth, upbeat and
highly positive way, with what looks like excellent timing and a clean
handoff. I know Jeff will have all of our strong support as he expands his
role.
  Since I left for my wedding and honeymoon just before Thanksgiving nothing
has happened on the Sports Authority stuff - - -we are still awaiting some
promised deliverables from Mr Campo. Yesterday I relit the fire on our V&E
team to start nudging him gently. No action on your part needed at present -
- -I'll keep you informed. I'll be pushing to get this resolved by mid
January in a manner that works for the Sports Authority and the financings
without upseting our partners. - - -DLH

Sent by: Enron Announcements@ENRON
To: All Enron Worldwide
cc:

Subject: Succession Plan

It is my great pleasure to announce that the Board has accepted my
recommendation to appoint Jeff Skilling as chief executive officer, effective
at the time of their next board meeting on February 12, 2001.  Jeff will also
retain his duties as president and chief operating officer.  I will continue
as chairman of the Board and will remain at Enron, working with Jeff on the
strategic direction of the company and our day-to-day global operations.

Jeff will assume the role at a time when the company is hitting on all
cylinders and is positioned for phenomenal growth.  He is clearly ready for
the job, and after 15 years as CEO of this great company, I,m ready for a
somewhat different role.

Our succession plan has been clear for some time.  This has afforded Jeff and
me the freedom to combine our strengths toward building a company that
continues to exceed everyone,s expectations, including our own.  We look
forward to furthering that relationship as Jeff expands his role.

There are no plans for any other changes in our management team nor broad
shifts in strategy and direction.

Please join me in congratulating Jeff.  I look forward to a great 2001.


Please visit our ETS IT Newsletter at:

http://www.ets.enron.com/ITNewsletter/


Christian:

Could we meet for 15-30 minutes to go over the cases listed in section 3 this
afternoon?

Alan Comnes
---------------------- Forwarded by Alan Comnes/PDX/ECT on 03/15/2001 11:32
AM ---------------------------
From: James D Steffes@ENRON on 03/14/2001 08:23 AM CST
To: Joe Hartsoe/Corp/Enron@ENRON, Susan J Mara/NA/Enron, Mary
Hain/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT
cc:

Subject: Status of California Cases

FYI.

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/14/2001 08:22 AM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	03/13/2001 05:08 PM

		 To: <jsteffe@enron.com>, <rsanders@enron.com>
		 cc: "Andrea Settanni" <asettanni@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.com>, "Kimberly Curry" <kcurry@bracepatt.com>,
<jhartso@enron.com>, <mary.hain@enron.com>, <smara@enron.com>
		 Subject: Status of California Cases

Jim/Richard:

Per your request, I have attached a memo that describes the status of Enron's
participation in cases concerning the California investigation and related
market issues established since FERC's December 15, 2000 order, including
cases for which the date for intervention has not yet passed.  Please call me
if you wish to discuss or have any questions.

Ron

 - 0139365.01


Thank you.  I'll be picking Steve up at the hotel and 9:30 am tomorrow
morning.  And thank you very much for paging him for me.

Best,
Jeff


FYI.  Please pass to Hedy and Bev.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/10/2001 08:06 PM -----

	Mark Palmer
	07/10/2001 07:52 PM

		 To: Ann M Schmidt/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Richard B Sanders/Enron@EnronXGate
		 cc:
		 Subject: LADWP

----- Forwarded by Mark Palmer/Corp/Enron on 07/10/2001 07:47 PM -----

	"Leopold, Jason" <Jason.Leopold@dowjones.com>
	07/10/2001 07:32 PM

		 To: "'pat.dorinson@mirant.com'" <pat.dorinson@mirant.com>,
"'mark.palmer@enron.com'" <mark.palmer@enron.com>
		 cc:
		 Subject: LADWP

=DJ LADWP, Run By Davis Adviser, Cashed In On Calif Crisis

Dow Jones Capital Markets Report via Dow Jones

   By Jason Leopold
   Of DOW JONES NEWSWIRES

  LOS ANGELES (Dow Jones)--On a single day in June 2000, the Los Angeles
Department of Water and Power, the largest municipal utility in the country,
raked in $5 million selling California surplus power for $1,000 a
megawatt-hour
- about 30 times the average price the utility charged the month before.

  That sale, reported by the California Independent System Operator and
confirmed by the LADWP in an interview last June, was one of many instances
in
which the municipal utility cashed in on California's power crisis.

  On Monday, the Department of Water Resources, the agency that has been
purchasing California's bulk power needs in lieu of the state's
cash-strapped
utilities, released a detailed report of spot-market power purchases showing
the
LADWP charged the state an average of $242 a megawatt-hour for power from
Jan.
18 through May 31 this year. That price is about $35 higher than those
charged
by most of the out-of-state generators Gov. Gray Davis has criticized
repeatedly
as price gougers.

  Potentially embarrassing for the Davis administration, however, is that
the
LADWP was formerly run by General Manager David Freeman, who in April became
Davis' top energy adviser.

  Steve Maviglio, press secretary to Davis, said Texas-based generators are
primarily to blame for the high wholesale prices that crippled the state's
two
largest utilities.

  "Anywhere they wear cowboy hats, they probably have handkerchiefs across
their
face, because they are robbing us blind," he said. "The bad guys are clearly
the
out-of-state generators."

  Freeman's trademark is a white Stetson.

  The former LADWP chief, who last September quipped that a "blind pig could
make money" under California's faulty deregulation setup, didn't return
calls
for comment.

  Freeman took a leave of absence from the LADWP in January to negotiate
long-term power contracts on behalf of the state.

     Power To Sell

  According to the DWR report, the LADWP brought in $331 million selling
power
to the state between Jan. 18 and May 31 this year.

  The LADWP, which didn't take part in the state's deregulation debacle and
which isn't under the jurisdiction of federal energy regulators, also cashed
in
throughout 2000. The utility has 7,000 megawatts of generation capacity but
only
needs about 5,500 MW to serve its retail customers, freeing it to sell as
much
as 1,000 megawatts to the ISO at prices comparable to what the generators
were
charging.

  The LADWP did so well that it was able to pay down $200 million in debt
and
will reduce its customers' rates in 2002.

  "It just shows you that enterprise is where you find it," Freeman said in
an
interview last year.

  Last July, ratings agency Fitch concluded that California's electricity
shortage provided LADWP "an opportunity for the sale of surplus power at
favorable prices which added to the municipal system's coffers."

  According to a report by the ISO, manager of the state's electricity grid,
the
LADWP overcharged California for power from May 2000 through February 2001
by as
much as $20 million. Maviglio said the state will pursue refunds from the
utility.

  On Tuesday, an LADWP spokesman defended the utility's power prices, saying
the
costs of producing electricity were extremely high.

  The ISO has estimated that the state was overcharged nearly $9 billion for
electricity sales in the 12 months ended May 2001. On Monday, settlement
talks
between state officials and generators over the refunds broke down.

  Other municipal utilities, including the Sacramento Municipal Utility
District
and private companies like BC Hydro in Canada, have also racked up enormous
sums
selling surplus power to California at the last minute.

  -By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

  (END) Dow Jones Newswires  07-10-01

  1557EDT

(AP-DJ)--07-10-01 1557EDT
:TICKER: EIX PCG SRE
:SUBJECT: EUTL CA COBO MU PETR
Copyright (c) 2001 Dow Jones and Company, Inc.
Received by NewsEDGE/LAN: 7/10/01 12:57 PM


need to markup and return to Chris
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/12/99 04:24
PM ---------------------------
To: Sara Shackleton/HOU/ECT@ECT
cc: Christian Yoder/HOU/ECT@ECT, Jan M King/HOU/ECT@ECT
Subject: Re: Burbank


As Marina and I discussed this morning, accounting requests that we
officialize several books weeks after they have been calced in order for them
to run reports.  We do not officialize these post ids daily for two reasons:
1) The deals in these post ids are related to transport hedges that are
captured in our transport model(not in ERMS).  If we were to officialize
these post ids and report them on the VAR, we would then be only capturing
half of the picture, since the transport model in our P&L is not in ERMS.  2)
All of the deals in these books are book to book and do not involve third
parties.

To keep this action from disrupting your group, the risk leads will forward
an email to you when we officialize these post ids at accounting's request.
The following is the list Rachel Crowell in Acctg. asked us to officialize on
3/12/01:
1054100
1054684
1054685
1054686
1054689
1055194
1055195
1055196

Please shout with any questions, thanks.
PL


DO GO AHEAD AND CC ROHAUER.  I AM SORRY FOR THE CONFUSION.  IT IS BRADFORD AND KITCHEN THAT DO NOT WANT THE DETAIL.

 -----Original Message-----
From: 	Cook, Mary
Sent:	Friday, November 02, 2001 10:47 AM
To:	Antonoff, Rick; Aronowitz, Alan; Clark, Morris; Cook, Mary; Davis, Angela; Del vecchio, Peter; Douglas, Stephen H.; Evans, Mark (London Legal); Gray, Barbara N.; Hansen, Leslie; Heard, Marie; Hendry, Brent; Hodge, Jeffrey T.; Jones, Tana; Kalembka, Lech; Keohane, Peter; Koehler, Anne C.; Leite, Francisco Pinto; McCullough, Travis; Mellencamp, Lisa; Murphy, Harlan; Murray, Julia; Nemec, Gerald; Portz, David; Rohauer, Tanya; Sager, Elizabeth; Sayre, Frank; Shackleton, Sara; Simons, Paul; St. Clair, Carol; Van Hooser, Steve; Viverito, John; Von Bock Und Polach, Marcus; Williams, Jason R (Credit)
Subject:	Master Netting Agreements Status Upsdates: READ
Importance:	High

DO NOT SEND YOUR STATUS UPDATES TO KITCHEN, BRADFORD, ROHAUER, JUST TO ST. CLAIR AND COOK.  WE WILL SUMMARIZE FOR THEM, THEY DO NOT WANT SEPARATE EMAILS FROM EVERYONE.  THANKS.

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


We have two positions open for Trading Assistants with UBSW Energy.  One will work for Jeff Richter and Chris Mallory on the Cash Trading desk and one will work for me and Mike Swerzbin on the Term Trading desk.

In short, the Trading Assistant helps the traders run EOL markets, provides analytical support, prepares daily market summaries, reviews trade press for pertinent information, performs checkouts with brokers and counterparties, assists in pricing new deals.

Please send an e-mail to Amy Fitzpatrick by noon on Tuesday expressing your interest.  This position is open to both Enron and UBSW employees.

Tim Belden


----- Forwarded by Jeff Dasovich/NA/Enron on 11/21/2000 05:27 PM -----

	Richard Shapiro
	Sent by: Ginger Dernehl
	11/21/2000 04:45 PM

		 To: assad@elektro.com.br, Alan Comnes/PDX/ECT@ECT, Alberto
Levy/SA/Enron@Enron, Aleck Dadson/TOR/ECT@ECT, Allison
Navin/Corp/Enron@ENRON, Amy Fabian/Corp/Enron@ENRON, Barbara A
Hueter/NA/Enron@Enron, Bernadette Hawkins/Corp/Enron@ENRON, Bill
Moore/NA/Enron@Enron, cristinah@elektro.com.br, Carlos Gustavo
Azevedo/SA/Enron@Enron, Carmen Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Carolyn Cooney/Corp/Enron@ENRON, Charles Yeung/HOU/ECT@ECT, Chauncey
Hood/NA/Enron@ENRON, Chris Long/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Cynthia Sandherr/Corp/Enron@ENRON, Damon
Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Staines/HOU/ECT@ECT, Daniel
Allegretti/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Donald
Lassere/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Eidy
Catala/TRANSREDES@TRANSREDES, Elizabeth Linnell/NA/Enron@Enron, Frank
Rishe/NA/Enron@Enron, Geriann Warner/NA/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo Canovas/SA/Enron@Enron,
Harry Kingerski/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, Javier
Pantoja/TRANSREDES@TRANSREDES, Jean R Dressler/NA/Enron@Enron, Jeff
Brown/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Jeffrey
Keeler/Corp/Enron@ENRON, Joao Paixao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Allen/NA/Enron@Enron, Joe Connor/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Joe Hillings/Corp/Enron@ENRON, Jose
Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joseph Alamo/NA/Enron@Enron,
Kathleen Sullivan/NA/Enron@ENRON, Kerry Stroup/NA/Enron@Enron, Kikumi
Kishigami/NA/Enron@Enron, Kirsten Bellas/NA/Enron@Enron, Lara
Leibman/NA/Enron@Enron, Laurie Knight/NA/Enron@Enron, Leslie
Lawner/NA/Enron@Enron, Linda J Noske/HOU/ECT@ECT, Linda
Robertson/NA/Enron@ENRON, Lindsay Meade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Lisa Yoho/NA/Enron@Enron, Lora Sullivan/Corp/Enron@ENRON, Luiz
Maurer/SA/Enron@Enron, Lysa Akin/PDX/ECT@ECT, Marchris
Robinson/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Marcie
Milner/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Maureen
McVicker/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Nancy
Hetrick/NA/Enron@Enron, Patrick Keene/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, Ray Alvarez/TRANSREDES@TRANSREDES, Ricardo
Charvel/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Robert Frank/NA/Enron@Enron, Robert
Hemstock/CAL/ECT@ECT, Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robin Kittel/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Roy
Boston/HOU/EES@EES, Rubena Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sandra McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Scott
Bolton/Enron Communications@Enron Communications, Sergio
Assad/SA/Enron@Enron, Silvia Dalton/SA/Enron@Enron, Stella
Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen D Burns/Corp/Enron@ENRON,
Steve Montovano/NA/Enron@Enron, Steve Walton/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron, Sue Nord/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,
Susan M Landwehr/NA/Enron@Enron, Terri Miller/NA/Enron@Enron, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom Briggs/NA/Enron@Enron, Tom
Chapman/HOU/ECT@ECT, Tom Delaney/Corp/Enron@ENRON, Tom
Hoatson/NA/Enron@Enron, Tracy Cooper/Enron Communications@Enron
Communications, Valeria Lima/SA/Enron@Enron, Vinio Floris/Corp/Enron@Enron,
Xi Xi/Enron Communications@Enron Communications
		 cc: Mark Palmer/Corp/Enron@ENRON, Eric Thode/Corp/Enron@ENRON, Mark
Schroeder/LON/ECT@ECT
		 Subject: Enron/Alberta Power Markets News Story


Alan,
Which one are you referring to? I've already faxed you the two page Angelides to Lynch letter of October 19, to both 530.327.9235 and 503.464.7140, last Monday morning -- did you not receive it at either number?
Clarify please,
thanks

Joseph Alamo
Sr. Administrative Assistant
Global Government Affairs
ph. (415) 782-7841
fax (415) 782-7854
e-mail: joseph.alamo@enron.com

 -----Original Message-----
From: 	Comnes, Alan
Sent:	Thursday, October 25, 2001 9:21 AM
To:	Dasovich, Jeff; Alamo, Joseph
Subject:	RE: DA stuff

[Comnes, Alan]  You can fax it to me at 530-327-9235 (note: NOT 503)


---------------------- Forwarded by Kay Mann/Corp/Enron on 02/01/2001 04:23
PM ---------------------------

Julie Hunt <jhunt_vitoltvl@yahoo.com> on 02/01/2001 01:00:46 PM
To: KAY.MANN@ENRON.COM
cc:

Subject: 2FEB NEWARK TO HOUSTON----ETKT

                                                   SALES AGT: JH/YMFDX2

                                          MANN/C KAY

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  KAY MANN X57566

  DATE:  FEB 01 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  02FEB NEWARK NJ      HOUSTON TX     800A    1115A
CO 205     A          FRI   NEWARK INTL    G.BUSH INTERCO
                            TERMINAL C     TERMINAL C
                            BREAKFAST                     NON STOP
                            RESERVATION CONFIRMED         4:15 DURATION
                  AIRCRAFT: MC DONNELL DOUGLAS DC-10-30/40
                          SEAT UPGRADED 9A

RESERVATION NUMBER(S)  CO/LRHLXT

CO  FREQUENT FLYER COHG770475
**CONTINENTAL RECORD LOCATOR: LRHLXT
ETKT NBR 005-7024437073
FARE $1020.75
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Get personalized email addresses from Yahoo! Mail - only $35
a year!  http://personal.mail.yahoo.com/


Shirley,

Please, put it on my calendar.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/23/2001
09:38 AM ---------------------------
From: Jennifer Fraser/ENRON@enronXgate on 04/20/2001 09:10 AM
To: Cathy Phillips/HOU/ECT@ECT, Mark Frevert/ENRON@enronXgate, Mike
McConnell/HOU/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Doug
Arnell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz/HOU/ECT@ECT,
Pierre Aury/LON/ECT@ECT, Sally Beck/HOU/ECT@ECT, Rick
Bergsieker/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen H
Douglas/ENRON@enronXgate, Shanna Funkhouser/ENRON@enronXgate, Eric
Gonzales/LON/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Larry Lawyer/ENRON@enronXgate, Chris
Mahoney/LON/ECT@ECT, George Mcclellan/ENRON@enronXgate, Thomas
Myers/ENRON@enronXgate, John L Nowlan/HOU/ECT@ECT, Beth
Perlman/ENRON@enronXgate, Brent A Price/ENRON@enronXgate, Daniel
Reck/ENRON@enronXgate, Cindy Skinner/ENRON@enronXgate, Stuart
Staley/LON/ECT@ECT, Mark Tawney/ENRON@enronXgate, Scott
Tholan/ENRON@enronXgate, Lisa Yoho/NA/Enron@Enron, Neil
Davies/ENRON@enronXgate, Per Sekse/NY/ECT@ECT, Stephen H
Douglas/ENRON@enronXgate, Scott Vonderheide/Corp/Enron@ENRON, Jonathan
Whitehead/AP/Enron@Enron, Michael K Patrick/ENRON@enronXgate, Chris
Gaskill/ENRON@enronXgate, John Arnold/HOU/ECT@ECT
cc: Nicki Daw/ENRON@enronXgate, Jennifer Burns/ENRON@enronXgate, DeMonica
Lipscomb/ENRON@enronXgate, Yvonne Francois/ENRON@enronXgate, Angie
Collins/ENRON@enronXgate, Donna Baker/ENRON@enronXgate, Helen Marie
Taylor/HOU/ECT@ECT, Chantelle Villanueva/ENRON@enronXgate, Betty J
Coneway/ENRON@enronXgate, Patti Thompson/HOU/ECT@ECT, Cherylene
Westbrook/ENRON@enronXgate, Candace Parker/LON/ECT@ECT, Sharon
Purswell/ENRON@enronXgate, Gloria Solis/ENRON@enronXgate, Brenda J
Johnston/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan McCarthy/LON/ECT@ECT,
Paula Forsyth/ENRON@enronXgate, Shirley Crenshaw/HOU/ECT@ECT, Kathleen D
Hardeman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stuart
Cichosz/ENRON@enronXgate, Judy Zoch/NA/Enron@ENRON, Sunita
Katyal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cherry Mont/NY/ECT@ECT, Lydia
Reeves/HOU/ECT@ECT, Kristy Armstrong/ENRON@enronXgate, Nita
Garcia/NA/Enron@Enron, Christina Brandli/ENRON@enronXgate, Yolanda
Martinez/Corp/Enron@ENRON, Michele Beffer/ENRON@enronXgate, Shimira
Jackson/ENRON@enronXgate
Subject: PIRA Global Oil and Natural Outlooks- Save these dates.

PIRA is coming in May to do their semi-annual energy outlook.

Greg Shuttlesworth- North American Natural Gas --- May 14th 3-5 pm (30 C1)
? New Production Outlook
? Price Direction
? Demand Fundamentals

Dr. Gary Ross - World Oil Outlook --- May 16th 7-8:30 am --32C2
? OIl/ Demand/ supply Outlook
? Regional balances
? OPEC Rhetoric

Jen Fraser
34759


please print
----- Forwarded by Jeffrey A Shankman/HOU/ECT on 02/20/2001 01:19 PM -----

	Alan Aronowitz
	02/16/2001 07:28 PM

		 To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT
		 cc: Larry Lawyer/NA/Enron@Enron, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Janette Elbertson/HOU/ECT@ECT
		 Subject: Enron Global Markets LLC Monthly Legal Report (February 2001)

For your information, attached is the Enron Global Markets LLC Monthly Legal
Report for February 2001.

Please call me if you have any questions.

Regards, Alan


Louise,

The GTV II team has a weekly status meeting on Mondays. Yesterday, we had our
first status meeting. Please see below for the current status of the project.
Please see the attached file for the update of project timeline in Microsoft
Project.

GTV status meeting attendees:  Zhiyong Wei, Karima Husain, Francis Lim,
Jeremy Wong, Bill Fortney, Nayan Dattani, Mike Swaim, Dave Nommensen, Russ
Severson, George Grant.

Accomplishments:
? Incorporating physcial deal positions in TDS:
o Changes to CPR reader process have been completed.
o Changes for the view aggregation are 80% done.
o Changes for the position manager are in progress and are about 30%
completed.

? Single point of deal entry for term deals:
o Establishing communication between TDS client & Sitara server is in
progress.

? Gas Daily deals:
o Changes to TDS deal valuation are in progress.
o Creating GDI Calc in ERMS is in progress.

? Live feeds for Gas Daily/intra-month curves:
o Development of live feeds is in progress. Goef has been contacted regarding
how to use the features.

Plans for the week ending 3/30/01:
? Continue the development of GTV II phase 1.
? Commence the work on GTV II Phase 2 inception document.

Issues:
None.

Regards

Zhiyong


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 03:08
PM ---------------------------

Jim Schwieger
10/10/2000 10:28 AM
To: Nick Cocavessis/Corp/Enron@ENRON, Brad Blevins/HOU/ECT@ECT
cc: James McKay/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Edward D
Gottlob/HOU/ECT@ECT
Subject: Status of MidCon Flagstaff Meter Station

Nick & Brad:

What is the status of the MidCon Flagstaff Meter Station?  As contemplated
HPL is having a difficult time delivering Entex volumes into MidCon during
the cold weather Houston has been experiencing.  Given changes in MidCon's
system this situation will probably continue to be a challenge throughout the
winter.  This problem is compounded by the start up of the Nov. - Feb.
deliveries to MidCon of 83,334 MMBtu/d.  All of our eggs seem to be
collecting in the Flagstaff Meter Station so its imperative that this station
be operational ASAP.  Please provide me with an update!

 Jim Schwieger


Lisa -

Attached is a Data Services Agreement between EOL and CommodityLogic.  This agreement is intended to lay out the terms under which EOL will be providing the on-line transaction data to CommodityLogic for subsequent delivery to Enron customers.  I have not completed some of the technical aspects of the Schedules, but, rather, have left them to be determined by the appropriate EOL/CommodityLogic personnel.  I have also left the pricing blank as it was my understanding that this was being determined by Brad and Tom Gros.  This agreement is intended to go along with the waiver and consent document I previously provided.

Please look over the attached at your convenience and let me know your thoughts.  Please feel free to forward this to Savita or Brad as you deem applicable.

Thanks.

Mark


Monica Lande also came up with a list of our outstanding deals with the PX.
It contains most of the same deals that are found in your spreadsheet, and a
few that aren't. Also, Bob Badeer has become the leader-by-default of this
"project." Let me know if you'd like me to talk with him about our progress
or have him call you. I'm not sure how involved you are, or how involved
you'd like me to be, but I thought I'd keep you up to date on the happenings
over here. Again, please let me know how I can help.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 02/06/2001 11:05 AM
---------------------------

Monica Lande
02/06/2001 09:59 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Index forwards/swaps

Monica Lande
02/02/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc:
Subject: Index forwards/swaps


-----Original Message-----
From:  "publications@enerdata.com" <publications@enerdata.com>@ENRON
[mailto:IMCEANOTES-+22publications+40enerdata+2Ecom+22+20+3Cpublications+40ene
rdata+2Ecom+3E+40ENRON@ENRON.com]
Sent: Wednesday, May 02, 2001 10:33 AM
To: undisclosed-recipients:;@ENRON
Subject: May 2001 CGPR

 - cgprMay01.pdf


Their current capital markets stuff is going well - maybe we're wrong about them.

In your previous email by the way - did you mean we pay them or they pay us.  I read they pay us but Carl tells me it was the other way.

 -----Original Message-----
From: 	Calger, Christopher F.
Sent:	Monday, October 08, 2001 3:22 PM
To:	Kitchen, Louise
Subject:	Calpine is trying to hire one of our associates

FYI not a big deal, but thought you should know.
Gray Calvert - works in SF
We like him
Calpine offering him a little more money
I think I have sold him on staying

Chris Calger
503-464-3735


Kathryn has done a good job of keeping me in the loop on this.  In addition,
Kim has consistently provided useful, objective feedback, as shown in the
memo attached below.

We will produce a stable code with the changes Kim and her team have
requested before the package is released outside the building.

I have also asked Kathryn to perform more testing within the CL team before
asking Kim and her team (or any other clients) to play with the changes.
Performing significant changes overnight, and then showing the code to
clients the next morning is wonderfully responsive, but a little too risky.

The high-level demo scheduled for Thursday will show code that is already
frozen and hardened.

All the best,

Tom

 -----Original Message-----
From:  Beck, Sally
Sent: Wednesday, April 18, 2001 9:00 AM
To: Gros, Thomas D.
Subject: Update on ConfirmLogic

I assume that Kathryn has communicated this to you.  I have only read Kim's
e-mail - I will talk with her later today.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/18/2001 08:58 AM
---------------------------
   Kim S Theriot                04/17/2001 10:58 PM

To: Leslie Reeves/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: Update on ConfirmLogic

I wanted to give you a quick update on ConfirmLogic....

Testing was done last week on the ConfirmLogic module.  On Thursday, we
discussed with Kathryn Cordes and the ConfirmLogic IT team the items that we
had found that were "show stoppers" as far as releasing the product for Beta
Testing.  Some of the major Items found were the inability to properly handle
Basis Swaps for Gas and inability to display meaningful Index References for
Power (they were pulling in a code rather than a description of the Index).

The team worked on the "fixes" and migrated the code last night.  Today
during testing, they found that the new code had actually caused problems
with the fixed price and volume information, which was working previously.  I
talked to Kathryn and she said that the were rebuilding the code.  She said
that someone had tested the fix last night and everything worked fine.  We
plan more testing in the morning.

They are doing a high-level demo this Thursday for Beta Customers just to
introduce the module.  They were planning on having more extensive Beta demos
for each client starting next week but realize that those may have to
postponed further.

We have told them that we would not sign off for Beta testing until we were
comfortable that the items that we identified were working.  We need
consistent, stable days of testing before I will feel comfortable.

Overall, we like the "new" streamlined version of the screens and feel that
it will be a good product if they can work out the data display issues.

Call with any questions.

Kim Theriot


This request has been pending approval for  11 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078935&Page=Approval to review and act upon this request.

Request ID          : 000000000078935
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/11/01 10:27:11 AM
Requested For       : miguel.l.garcia@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


CALENDAR ENTRY:	APPOINTMENT

Description:
	Staff Meeting/4102

Date:		5/2/2001
Time:		9:00 AM - 11:00 AM (Central Standard Time)

Detailed Description:


Notice # 01-162
May 11, 2001

TO:
All NYMEX Division Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Reminder and Clarification on NYMEX Division Post-Close Trading Sessions

DATE:          May 11, 2001
===========================================================
Reminder
Changes will be going into effect today, Friday, May 11, 2001 for the End
of Week post-close trading sessions and also, beginning on Monday, May 14,
2001, for the Monday-Thursday post-close trading sessions. The trading
range for all of these sessions will be expanded by adding the following
ticks above (below) the daily high (low) for the applicable contract month
(provided that this expanded trading range does not violate the maximum
permissible price fluctuation limits then in effect):
Crude Oil      20 ticks
Heating Oil         50 ticks
Unleaded Gas        50 ticks
Natural Gas         50 ticks

Clarification
Previously, the trading range for the Monday-Thursday sessions was the
closing range for the applicable contract month. Exchange staff interpreted
the rule to provide that if a contract month did not trade during the
close, there would be no closing range and thus it would not be permissible
to trade that contract month during the post-close.  Now, as noted above,
the post-close session trading range on any day of the week will be an
expanded version of the daily range. Therefore, the Exchange is issuing the
following clarifications as to the contract months that can be traded
during a post-close session (on any day of the week):

1.   Only the first twelve listed contract months are eligible for trading
in the post-close.

2.   If a particular contract month does not trade during the RTH session,
it may not be traded during the post-close.

3.   It is not necessary for a contract month to trade during the close in
order to be traded in the post-close as long as it has traded during the
RTH session.

If you have any questions concerning these changes, please contact George
Henderson, Vice President, NYMEX Floor Department, at (212) 299-2071; Rob
Stasi, Manager of Trading Floor Systems, NYMEX Floor Department, at (212)
299-2067, or Brian Regan, Senior Associate General Counsel, at (212)
299-2207.

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


Ben, I've got a pulled muscle (groin) that I've been trying to nurse for a
few months.  Went for a run this weekend and strained it.  I wonder if we
could either postpone tennis for a week or so?  If you prefer - I could -
but will have to take it fairly easy.  Let me know.  Dave.

> -----Original Message-----
> From:	Benjamin.Rogers@enron.com [SMTP:Benjamin.Rogers@enron.com]
> Sent:	Friday, July 20, 2001 11:27 AM
> To:	Yeager, David
> Subject:	RE: Tennis?
>
> Tuesday sounds good.  Does around 6:00pm work for you?
>
>     -----Original Message-----
>    From:   "Yeager, David" <David.Yeager@ElPaso.com>@ENRON
>    Sent:   Friday, July  20, 2001 10:17 AM
>    To:     Rogers, Benjamin
>    Subject:  RE: Tennis?
>
>    Ben, good to hear from you.  How about Tuesday?  Monday would also
>    probably
>    work.  Let me know what is best for you.  Dave.
>
>    > -----Original Message-----
>    > From:      Rogers, Benjamin [SMTP:Benjamin.Rogers@ENRON.com]
>    > Sent:      Friday, July 20, 2001 9:29 AM
>    > To:   Yeager, David
>    > Subject:   Tennis?
>    >
>    > David:
>    > Wanted to see when you wanted to get together for a little tennis and
>    a
>    > couple of beers afterwards.  Next week is pretty open for me, except
>    > Wednesday.  This weekend is out because I am headed to Barton Creek
>    for
>    > a little golf weekend.  Hope all is going well and I'll talk to you
>    > soon.
>    > Ben
>
>
>    ******************************************************************
>    This email and any files transmitted with it from the ElPaso
>    Corporation 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
>    sender.
>    ******************************************************************

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation 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
sender.
******************************************************************


Attached are the Confidentiality Agreements for the referenced counterparties.


Bad Kay bad bad bad Kay.

I'll do it now.

ckm

Ben F Jacoby@ECT
05/22/2001 03:11 PM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Northwestern

Did we send Schroeder the Acknowledgement and Consent?


Yes, but this time it is his carotid artery - the one that transports blood
to the brain.  Big deal kinda stuff.

	From:  Kathleen Carnahan                           03/15/2001 04:43 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: Next week

I hope your dad's surgery goes well!  Is this related to the problems he is
having getting around (circulatory?)?

Kathleen

Kay Mann
03/15/2001 04:11 PM
To: Carlos Sole/NA/Enron@Enron, Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Next week

---------------------- Forwarded by Kay Mann/Corp/Enron on 03/15/2001 04:11
PM ---------------------------

Kay Mann
03/15/2001 04:03 PM
To: Jeffrey T Hodge/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT
cc:

Subject: Next week

I have a change in plans next week.  My dad is having surgery in Ft. Worth,
so I will be heading that way on Monday.  I was planning to be on vacation
anyway, but I may have some accessibility challenges in Ft. Worth which I
would not have had otherwise.  I will manage client expectations accordingly.

Kay


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 04/04/2000 05:40
PM ---------------------------
   Jamie Ginsberg @ ENRON                04/04/2000 04:33 PM

To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: oakhill ca

gerald,  we are talking to oakhill pipeline lp about providing a proposal to
them to install an electric motor to increase their capacity at their Hinkle
Compressor Station in Rusk County, Texas.

The CA should be 2 way and the information is as follows:

John Gillies
Vice President/General Partner
908 Town & Country Lane
Suite 300
Houston, TX  77024

713.647.8333

Thanks,

Jamie


1.  On your first request for down time next week.  You may have an opportunity this weekend 23, or 24 depending on the volumes.
We can communicate this to your Team Friday afternoon.  We can not committ to next week at this time.
2.  Your best opportunity to pull your ESD is going to be on a weekend or weekday when or flows are down to the border.
We can check every day and let you know when this may be possible.  At this time we cannot committ to your outage requests.

Thanks DS
We will stay in touch.

 -----Original Message-----
From: 	Gallup-Sta4, Team
Sent:	Wednesday, June 20, 2001 5:28 PM
To:	Graves, Jerry; Graves, Jerry; Schoolcraft, Darrell; Jolly, Rich; Smith, Rick
Subject:	station4 outage req.

Gentlemen attached are 2 outage request for station 4. Please see, Please respond. thanks sta4. << File: outage062501.doc >>  << File: ESDoutage062701.doc >>


----- Original Message -----
From: "Jack Pigott" <jackp@calpine.com>
To: "'Rachel McMahon'" <rachel@cleanpower.org>; <blunden@hotmail.com>;
<counihan@greenmountain.com>; <rcavanagh@nrdc.org>;
<dank@environmentaldefense.org>; <rich@ceert.org>;
<emaddox@seawestwindpower.com>; <jweisgall@aol.com>; <jlevin@ucsusa.org>;
"Jack Pigott" <jackp@calpine.com>; <srose@ecovote.org>;
<lnelson@westernrenewables.com>; <hap.boyd@enron.com>;
<steve_ponder@fpl.com>; <emiller@siliconenergy.com>;
<olsendil@concentric.net>; <smitty@greenbuilder.com>; <rachel@rnp.org>;
<taschehoug@mnmethane.com>
Cc: <vjw@ceert.org>
Sent: Monday, September 10, 2001 5:28 PM
Subject: RE: for Board review and comment

> I can't support the letter and would like to see CEERT abandon this course
> of action.  I believe that there are better ways for CEERT to achieve its
> goal of furthering renewable development, such as supporting a properly
> designed green direct access bill.
> Jack
>
> -----Original Message-----
> From: Rachel McMahon [mailto:rachel@cleanpower.org]
> Sent: Friday, September 07, 2001 5:34 PM
> To: blunden@hotmail.com; counihan@greenmountain.com; rcavanagh@nrdc.org;
> dank@environmentaldefense.org; rich@ceert.org;
> emaddox@seawestwindpower.com; jweisgall@aol.com; jlevin@ucsusa.org;
> jackp@calpine.com; srose@ecovote.org; lnelson@westernrenewables.com;
> hap.boyd@enron.com; steve_ponder@fpl.com; emiller@siliconenergy.com;
> olsendil@concentric.net; smitty@greenbuilder.com; rachel@rnp.org;
> taschehoug@mnmethane.com
> Cc: vjw@ceert.org
> Subject: for Board review and comment
>
>
> From V. John White:
>
> Board Members,
>
> Attached is a letter to the head of the California Department of Water
> Resources (CDWR) regarding the state's power purchase contracts.
>
> The review and comment of the CEERT and Clean Power Campaign Boards is
> welcome and solicited.  Time is of the essence - please respond as soon as
> possible.  We can hold a conference call to discuss, if necessary.
>
> Following Board review, I intend to show this letter to the Governor's
> office before sending it to CDWR.


all looks good, I verballed the deal with Wing, as The City Of
Oakland.....thanks sp

   Kate Symes                04/17/2001 03:22 PM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: 584180.01-need contact name

I've changed the counterparty name to The City of Oakland - and the contact
is Wing Lau. His number is (510) 627-1457. According to Stewart Rosman, the
middle marketer who did this deal, City of Oakland is the same entity as Port
of Oakland; however, City is the counterparty name in the system which is
linked with the correct contact info. I tried to look up the contract in
Livelink, but I keep getting an error message. Is there any way you can check
on this contract to make sure we're entering these deals with the correct
counterparty name?

Thanks,
Kate

Stephanie Piwetz   04/17/2001 01:17 PM

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

Subject: 584180.01-need contact name

Please ask Bob for a contact, if you place it in the comment section we can
add it.
Port Of Oakland

Thank you


Thanks for documenting the proposed expenditure, James.

I will swallow the rental on the new circuit because it is essential in order
to support three or four (rather than two) users in the Brussels office. And
the other equipment quotes look OK. So please go ahead and place orders; as
you know, the lack of capacity on the current link has become insupportable -
we are experiencing constant crashes, application impairments and
disconnections. I should add that when the time comes for installation we
will require hardware and software support and training.  And as you know, a
full Brussels hardware audit, completion of Outlook migration and completion
of Windows 2000 migration are outstanding.

What I feel I cannot accept is a continuing charge to my cost centre for the
entire old bandwidth contract with Equant, which you have not been able to
re-negotiate nor terminate. Frankly, the incompetent negotiation of the three
year fixed capacity link deal by one of your predecessors in 1999, apparently
permitting no amendment during the term, should not become my budget problem
in 2001-2. It was clear from the outset with this office that future
expansion and/or future closure would be just as likely as perfect stability
of numbers. (Indeed who would ever want to predict three year stability for
any aspect of our Enron Europe operations?!) If you do not have the authority
to re-absorb the cost into an IT overhead, then we will have to refer the
question to Mark Pickering.

I am copying my four colleagues because they share with me elements of
budgetary reponsibility.

From: James Bramwell/Enron@EUEnronXgate on 07/09/2001 10:53 PM GDT
To: Peter Styles/LON/ECT@ECT
cc:

Subject: Update

I am in Houston this week and consequently lost today to meetings and just
catching up on mail and realised that I did not have a price for the Compaq
iPAQ hand held electronic assistant. Have sent request and will forward final
detail asap. I have made an educated guess for budgetry purposes.

The Nokia device that you mentioned is not supported at present.

This is the pricing.

Bandwidth (new)
The proposed bandwidth is 1Mb. The existing circuit would be continued as a
backup until contract expiry (o2923 per month)

Costs (new circuit)
Rental costs;;; - $3,250.80 per month. (minimum 12 month contract, total
$39,395.60)
Install charge; - $350
Router; ;;;;;;; - $4,500 (to be verified tomorrow)

Laptops
Each M300 with accessories = o1,335.59 , therefore o2,671.18 total for qty 2
iPAQ = o400 (to be verified tomorrow)

Totals (using an exch rate of 1.41)
One off costs ; ;;;;;;; = $9,180.36 (to be verified tomorrow)
New Annual recurring ;; = $39,395.60
Existing Contract;;;;;; = $70,064.43 ($4,121.43 (o2,923) per month until Nov
2002)

Regards

James


Beginning May 1, 2000, International SOS will be the exclusive provider of
travel and medical emergency assistance for EnronAssistance.  As an
international business traveler, you are automatically covered by this
comprehensive program which provides services related to unexpected travel
and medical emergencies. Highlights of the services provided by International
SOS include:

24-hour Access Worldwide
Referrals to Primary Care Physicians & Hospitals
Referrals to Medical Specialists
Dental Referrals
Prescription Transfer or Emergency Shipment of Medication or Blood Supply
(where legally allowed)
Emergency Medical Transportation
Medical Monitoring
Guarantee of Medical Expenses
Return of Mortal Remains
Emergency Cash Assistance
Legal Assistance
General Travel Assistance Information Services
Vaccination Recommendations
EAP Referrals
Emergency Telephone Assistance
Claims Handling & Assistance

You will receive a new wallet card through company mail within the next few
days.  Please destroy your current card and replace it with the new wallet
card upon receipt.  You may contact International HR - Planning &
Administration Services at any time with your comments or concerns via phone
at 1.713.646.9678 or via e-mail to linda.hallmark@enron.com.


Vince:  I apologize--I had emailed Shirley to let her know that Toni had
forwarded your email to me and that I would be handling this for you, but I
didn't copy you on the email.

Please call me with any questions,
Molly
x34804

Vince J Kaminski
10/18/2000 03:14 PM
To: Molly Magee/HOU/ECT@ECT
cc:
Subject: Interview for the Research Group

FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
03:21 PM ---------------------------

Shirley Crenshaw
10/18/2000 12:58 PM
To: Toni Graham/Corp/Enron@Enron, Stephanie Summers/NA/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Interview for the Research Group

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


We are attaching the following:
1. Revised draft of the Letter Agreement (marked against the drafts of 4/11
and 4/12)
2. ENA Promissory Note (marked against the draft of 4/12)
3. First Amended and Restated LLC Agreement (marked against the draft of
4/12)
4. Escrow Agreement (marked against the draft of 4/12)
5. NorSub Promissory Note (marked against the draft of 4/12)

We have no comments with respect to the Guaranty (other than the request
that the "IN WITNESS WHEREOF" appears with the signature block).

We look forward to discussing the attachments with you on Monday.
 <<Letter Agreement.DOC>>  <<blackline against April 11 draft.DOC>>
<<blackline against April 12 draft.DOC>>  <<blackline E Note.DOC>>
<<E-Note.DOC>>  <<blackline LLC Agreement.DOC>>  <<LLC Agreement.DOC>>
<<Escrow Agreement.DOC>>  <<blackline - Escrow Agreement.DOC>>  <<Promissory
Note.DOC>>  <<blackline - Promissory Note.DOC>>

"paulhastings.com" made the following annotations on 04/13/01 23:10:37
------------------------------------------------------------------------------
NEW E-MAIL ADDRESSES AT PAUL, HASTINGS, JANOFSKY & WALKER LLP

We have changed our e-mail address.  Our new domain name is
paulhastings.com.  In most cases, our address is composed of conventional
first name and last name plus @paulhastings.com.  Here are two examples:
janesmith@paulhastings.com and danjones@paulhastings.com.  If you have any
questions, please contact us at noc@paulhastings.com.

==============================================================================
"The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material. Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from all
computers."

==============================================================================

 - Letter Agreement.DOC
 - blackline against April 11 draft.DOC
 - blackline against April 12 draft.DOC
 - blackline E Note.DOC
 - E-Note.DOC
 - blackline LLC Agreement.DOC
 - LLC Agreement.DOC
 - Escrow Agreement.DOC
 - blackline - Escrow Agreement.DOC
 - Promissory Note.DOC
 - blackline - Promissory Note.DOC


http://www.consultrci.com

*********************************************************************
Learn about SCIENTECH'S most popular competitive tools, including the
E-Commerce
and Telecommunications InfoGrids at:
http://www.consultrci.com or call Chris Vigil (505) 244-7605
*********************************************************************
Reach thousands of utility analysts and decision makers every day. Your
company can schedule a sponsorship of IssueAlert by contacting Nancy Spring
at nspring@scientech.com or (505)244-7613. Advertising opportunities are
also available on our website.
*********************************************************************

===============================================================
SCIENTECH IssueAlert, November 30, 2000
TNPC Wins Pennsylvania Customers, Continues to Go Green
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

TNPC, Inc., parent of The New Power Company, reported that the Pennsylvania
Public Utility Commission approved the "Competitive Default Service Agreement"
between The New Power Company and PECO Energy for almost 300,000 customers.
The PUC is expected to issue a final order on this matter in the next few
days.

ANALYSIS: As you may recall, a dispute erupted between TNPC and Green Mountain
about a month ago over this large number of customers in PECO Energy's
service territory. Under a regulatory mandate from the Pennsylvania PUC,
PECO had initiated an auction for the approximately 300,000 residential
electricity customers who had not selected a competitive energy service
provider registered within the state. This represented about 20 percent
of PECO's residential customer base. Three energy providers*TNPC, Green
Mountain and one other unidentified company*bid for the customers with
various service packages. PECO chose TNPC, which had offered a fixed discount
of 2 percent for the residential customers, because it believed the offer
was in the best interest of PECO customers.

Green Mountain contested this decision, arguing that its hydro- and natural
gas-based energy package would ultimately be "less expensive for consumers
and environmentally cleaner." Green Mountain also claimed that its proposed
offer was a full 2 percent less than PECO's shopping credit, compared to
TNPC's offer which would average about 1.83 percent below the shopping
credit. PECO's response was that Green Mountain had missed the deadline
for the auction and consequently did not present a valid offer. Over the
last month, both Green Mountain and TNPC fought hard for PECO's customers,
which was understandable as Pennsylvania represents arguably the most
successful
retail market in the United States, if not the world.

The PUC ruling clearly puts the 300,000 PECO customers into the hands of
TNPC, which of course is the product of the residential retail marketing
alliance between Enron, AOL and IBM. Securing the 300,000 residential
customers
in one swift motion is a significant achievement for TNPC and gives it
a substantial market edge over other energy service providers in the
Pennsylvania
market. The customers will be randomly selected from those that have not
shopped for an alternative supplier under the state's electric competition
program.

However, what I find most interesting about the latest development in this
case is what's happening behind the scenes of the dispute, and more
specifically
how TNPC continues to move toward a renewables perspective. I discussed
just two weeks ago (IssueAlert from Nov. 13) that TNPC's stock (NYSE: NPW)
was taking a nosedive. Keep in mind that the stock had a terrific IPO in
early October. TNPC's IPO offering of 24 million common shares was priced
at $21 per share, a surprisingly strong showing for a company that has
only been in existence since May of this year. Momentum grew as the first
day of trading saw the stock price climb to $27.  Yet, contrast that with
the current stock price of $6 3/8 (as of Nov. 30), and certainly questions
about where TNPC will go from here start to emerge. The decline in TNPC
stock seemed to start when the company reported a 3Q loss of $69.9 million,
or $2.96 per share. TNPC argued that the losses were not meaningful due
its limited operating history, but investors seemed to think otherwise.

Around the same time that TNPC's stock began to drop, the company announced
that it would be adding wind-generated energy to its package for customers
in the Philadelphia area. Under terms of a brand-new agreement, TNPC will
market wind power supplied by Community Energy from a site under development
in the mountains of northeast Pennsylvania. My reaction to this announcement
was that TNPC's addition of wind power to its portfolio was an attempt
to quell further objections from Green Mountain. Yet, TNPC's move toward
renewable energy now appears to be an attempt to save its sagging stock
price.

In another ironic twist, TNPC also announced that it is forming a partnership
with Green Mountain, which was an adversary only last month. TNPC disclosed
that it is in negotiations with Green Mountain regarding the disposition
of up to 50,000 competitive default service customers (out of the 300,000)
within PECO's territory. Reportedly, the relationship will benefit
Pennsylvania
consumers and help TNPC and Green Mountain to achieve their business goals.
In addition, TNPC claims that working with Green Mountain in this manner
is consistent with its objective of enhancing a "positive customer portfolio
value." However, considering that TNPC fought so hard to obtain all of
the 300,000 customers from PECO, it seems odd that the company would suddenly
be willing to share 50,000 of them with Green Mountain.

Certainly, Green Mountain wins from this partnership. The company gains
50,000 residential customers when it, based on the PUC's ruling, could
have ended up with nothing. The company offers three service packages in
Pennsylvania: EcoSmart, EnviroBlend and Nature's Choice, varying mixes
of hydro, natural gas and new renewables, with Nature's Choice containing
more renewables than the other two power blends. Marketing power that it
bills as "dramatically cleaner than typical Pennsylvania electricity,"
Green Mountain may be able to expand its reach in the state by attracting
energy customers who seek out environmentally clean energy.

What remains very unclear is TNPC's true motivations and the future of
the company, which made such a big splash when it began operating last
spring. Is this a classic case of an energy start-up chasing down trends
(e.g., the current high value of renewable energy stocks) in order to
rejuvenate
itself, or a true identity transformation? The questions are pertinent
as long as TNPC continues to generate losses and its stock continues to
struggle.
==============================================================
Learn more about SCIENTECH's Strategic and Competitive Intelligence products
and services at:
http://www.consultrci.com/web/rciweb.nsf/web/Depts-SI.html
==============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
us know if we can help you with in-depth analyses or any other SCIENTECH
information products. If you would like to refer a colleague to receive
our free, daily IssueAlerts, please reply to this email and include their
full name and email address or register directly at:

http://www.consultrci.com/web/infostore.nsf/Products/IssueAlert

Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
wmcnamara@scientech.com
===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
SCIENTECH
consultants.  The opinions expressed in SCIENTECH's IssueAlerts are not
intended to predict financial performance of companies discussed or to
be the basis for investment decisions of any kind.  SCIENTECH's sole purpose
in publishing its IssueAlerts is to offer an independent perspective regarding
the key events occurring in the energy industry, based on its long-standing
reputation as an expert on energy and telecommunications issues.

Copyright 2000.  SCIENTECH, Inc.

If you do not wish to receive any further IssueAlerts from SCIENTECH, please
reply to this message and type "delete" in the subject line.


The attached swaps will be delivered by hard copy batch, together with the
revised proposal sheets and another copy of the legal worksheets, to Julia
Chin on Monday morning.  Julia suggested due to the floor move on 27 that I
wait until first thing Monday to have the batched execution versions
delivered to her.  Upon receipt, Julia will attach the valuation data that
has been previously provided to her by Hope Vargas and coordinate execution.
Michael Galvan and Anne Koehler are working together on final Active Power
proposals sheets.  The Active Power swaps will be drafted after the final
proposal sheet has been approved by both Michael and Anne.  As and when
Proposal Sheets are provided on the privates we will commence drafting the
private swaps.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


We have received the following executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   April 16, 1999

Enron Entity:   Enron North America Corp.

Counterparty:   Cargill, Incorporated

Transactions:   Approved for all products except:   pulp and paper and
foreign exchange

PLEASE NOTE:  Counterparty has three (3) Local Business Days to accept or
dispute a Confirmation.

Susan D. Flynn
Enron North America Corp.
1400 Smith Street, EB3806
Houston, Texas  77002
Phone:  713-853-0975
Fax:  713-646-3490


AUGIE E-NEWS
October 25, 2000
Volume 1, Number 4
**************************
Augie E-News is a bi-monthly (or as needed) newsletter sent to alumni of
Augustana College informing them of the latest news from campus.
**************************

***Viking Days 2000 - Thanks for Coming Home!:
October 6-8 was quite the weekend for Augustana.  It began with the
inauguration of Dr. Bruce Halverson '66 as Augustana's 22nd
President.  Cold weather didn't keep alumni away from the parade. And the
football game against NDSU was a good fight.  We inducted the Class of
1950 into the Honor Guard at the Heritage Honor Luncheon and honored
outstanding individuals at the Athletic Hall of Fame Banquet on Friday
night and at the Alumni Banquet on Saturday night.  Viking Varieties was a
hit in the Sioux Falls Arena and the crowd was great at the Afterglow,
complete with music by President Halverson and the Fabulous Jadesmen and
Doc Krueger and the Alumni Brass Choir.  Click on
http://www.augie.edu/alumni/homecoming.html for pictures from the
weekend.  Class pictures can be found at the "Reunions Site" under each
class year. Plan now to attend Viking Days 2001, October 5-7.  The Classes
of 1936, 1941, 1946, 1951, 1956, 1961, 1966, 1971, 1976, 1981, 1986, 1991,
and 1996 will celebrate reunions.

***Joel Wudel '78 resigns as Director of Alumni Relations, Paul Krueger
'97 is Promoted:***
Effective October 15, 2000 Joel Wudel, is no longer at Augustana.  He
is moving on to other endeavors in Kansas City, MO.  Well-wishes can be
sent to his home at 4908 S Quail Run Ave, Sioux Falls, SD 57108.

Paul Krueger, who has been Associate Director of Alumni Relations the
last three years, has assumed Joel's position.  Paul graduated from
Augustana in 1997 with majors in journalism and communications.  He was
student body president his senior year and involved in many other campus
activities.  Paul's wife, Joni, works in the Admission Office at
Augie.  Paul can be reached at (605) 274-5530 or at krueger@wise.augie.edu

***Augustana and WYNCOM, Inc. present The Fifth Annual Worldwide Lessons
in Leadership Series:***
The world's largest training conference focuses on rapid change and
strategies for success.  Entitled   "The Brave New Workplace: Strategies
to Excel in a World of Change," the program will be available throughout
the world via satellite on November 15, 2000.

Augustana joins FORTUNE Magazine as the exclusive local hosts for
this program.  This extraordinary program features personal insights from
Nobel Peace Prize winner Nelson Mandela.  It continues with the latest
strategies from Dr. Stephen Covey, Dr. Tom Peters, Dr. Ken Blanchard,
Dr. Martha Rogers, and Don Tapscott.   There will also be an executive
panel featuring Martha Stewart, Intel founder Andy Grove, and
Yahoo! founder Jerry Yang.

The program begins at 9:45 a.m. in Sioux Falls and will be held at
the Sioux Falls Convention Center.  For time and location details for
Augie alums in other parts of the country, for more information, or to
register, please visit the online program information at www.wyn.com or
call 1-800-689-9771.

***Christmas Vespers Tickets Available:
Tickets are available for Christmas Vespers, which will be December
1-3.  They are $10 per person and can be purchased with a credit card by
calling the Augustana Box Office at (605) 274-4613.  You can also stop by
the Box Office during regular business hours.  Performances are Friday,
December 1 at 7:30 p.m. at First Lutheran Church, Saturday, December 2 at
4:30 and 7:30 p.m. at First Lutheran Church, and Sunday, December 3 at
2:30 and 7:30 p.m. at Saint Joseph Cathedral.

***Augie Volleyball Team Continues Winning Streak:
The Augie Volleyball team continues to be ranked #2 in the national
Div. II rankings.  The team is 23-1 overall and 12-1 in the North Central
Conference.  The team travels to Brookings on October 31 to battle 8th
ranked SDSU.  Recently, the Vikings swept Saint Cloud State and Minnesota
State, Mankato.  The team has set a record for consecutive wins with
38.  The previous record of 16 was set a year ago.  Follow volleyball and
all Augie athletics on the web at www.augie.edu/athletics

**E-mail the Augustana Alumni Office at: alumni@inst.augie.edu Our phone
number is (605) 274-4904.**


I like the format of the 1st one.  Are we going to also post in Portland?


Thanks - -  I'm looking at August 28.

Thanks,

Kay

Melissa Jones@ENRON
07/12/2000 04:53 PM
To: David W Delainey/HOU/ECT@ECT
cc: Brian Redmond/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron@ECT, Julie A
Gomez/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron@ECT, John J
Lavorato/Corp/Enron@Enron@ECT, Lillian Carroll/HOU/ECT@ECT, Venita
Coleman/Corp/Enron@Enron@ECT, Jennifer Burns/HOU/ECT@ECT, Nicki
Daw/NA/Enron@Enron@ECT, Kimberly Hillis/HOU/ECT@ect
Subject: Re: QBR HPL/LRC/Upstream Origination

Jean is available on either day - August 22nd or 28th.


[IMAGE]Visit RedEnvelope's homepage.	[IMAGE]
	[IMAGE]			mother's day it's not too late
				Make Mom's Day on May  13. Order as late as midnight EST, May 11 for
guaranteed delivery.
[IMAGE]Click here to see our entire Mother's Day collection.
[IMAGE]
And as our gift to you,  take $5.95 off expedited shipping at checkout. Just
enter promotion code  REDMOM18.   [IMAGE]

jewelrybath + bodyflowers + plantsgarden + outdoorapparel + accessorieshome
office accessoriesgourmet giftsfavoritesspecials

	[IMAGE]	[IMAGE]rose petal soaps[IMAGE]day spa basket	[IMAGE]	[IMAGE]pearls for
mom[IMAGE]milk bud vases[IMAGE]mom keychain

If you'd like to change your email preferences, click on    my  account to
access your Profile, then click on Email Settings. If you'd like to be
removed  from our email list, please email  us.

[IMAGE]


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude14.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas14.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil14.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded14.pdf

Weekly Brent Oil     http://www.carrfut.com/research/Energy1/qo.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
Dec/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/huz-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG14.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG14.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL14.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


Test message, I wrote up a whole e-mail and lost it,  my e-mail is acting up, so before I re-type this, I want to see if you get this!


Thanks for forwarding the note to me.  I have asked Shona and Brent to get back with me on answers to your questions.  Shona's team did move this weekend to ECS (as did I), and I am not sure how much additional chaos this has added to her life for today!  I will follow up with her mid -afternoon on details.

I agree with you that this serves as a good case study  - underscores indeed that we need to start some of the projects under Project Greenlight instead of continuing to document problems.  By definition,  to arrive at complete and accurate transfer daily of information from all source systems to RisktRAC, we must know the universe of all books and spreadsheets.  --Sally

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Monday, October  15, 2001 10:05 AM
To:	Beck, Sally
Subject:	FW: ERMS books not getting into RisktRAC

Sally,

FYI.  This is an example of the issues associated with the risk feeds and the need to document the universe of books that should be sent to RisktRAC on a daily basis.  Both Todd and Shona are working to reconcile RisktRAC positions to the source liquids books, identify the omitted books and make corrections.  The total volume difference is 3.4 million barrels (not certain this is accurate, but material under any circumstance).  I am also not certain how long these positions have not been included.  I believe this issue it limited to VAR only, and that CreditAg has been reporting the credit exposures.

It would be a good idea to dissect this particular problem to understand the scope of what we need for Project Green Light.  If you would like to discuss this further, let me know.  I would like to ask for the following,  1) how long have these books not been included in RisktRAC,   2) what is the impact on V@R,   3) total volumes not reported,  and 4) reason for omission (I believe it had to do with the portfolio hierarchy).  Please, let me know what you think.

Thanks,
Wanda
 -----Original Message-----
From: 	Hagelmann, Bjorn
Sent:	Friday, October  12, 2001 1:45 PM
To:	Curry, Wanda
Subject:	FW: ERMS books not getting into RisktRAC

Regards

Bj?rn Hagelmann
Director
Rac - Market Risk Management
E-Mail: bjorn.hagelmann@enron.com
Office:  + 1 713 345 7984
Trade Floor: +1 713 345 0338
Mobil:   + 1 281 451 4156

 -----Original Message-----
From: 	McIntyre, Burton
Sent:	Friday, October 12, 2001 9:01 AM
To:	Kasemervisz, William E.
Cc:	Hagelmann, Bjorn; Victorio, Tom
Subject:	ERMS books not getting into RisktRAC

Bill, please see the attached list of books that you are officializing that is not coming into the RisktRAC.

Burton & Zakiyyah

UK-PL-BRENT
UK-JV-ARB-GOIP
UK-CRD-DUBAI
UK-CRD-CLCM
UK-CRD-BRCM
UK-CD-CLCM
UK-CD-BRCM
UK-BENZ-FIN2
SGP-RESID-BRNT
PHYOIL2
OIL-SPECII-C3
OIL PRICE - CLCM
OIL - BRCM
BLND-BRENT


Enron is the...

v Most Innovative Company in America -  Five Consecutive Years
v Number One Energy/Commodity House - 2000
v Top Company for Quality of Management -  2000
v Second Best Company for Employee Talent -  2000

and the

v Number One BEST Place to Work in America  -  2001
Wouldn,t this be GREAT!

Yesterday, 250 of Fortune,s "100 Best Companies to Work for in America"
surveys were mailed to randomly selected U.S.-based employees.  Please check
your home mailbox to see if you were selected to participate in the survey.

Enron,s goal is to be in the Top 10 on Fortune,s list, up from our current
rank of No. 24 on this prestigious list.  The feedback you provide in the
survey is a key element in the evaluation process.  Your honest and open
responses, as well as written comments about your personal Enron experiences,
will help Enron achieve this goal.

Thanks for all you do everyday to make Enron the best place to work.


This week, if possible.  As always, the sooner, the better.

"Wilson Montjoy" <wmontjoy@brunini.com> on 04/24/2001 08:16:48 AM
To: <Kay.Mann@enron.com>
cc:

Subject: Re: MDEA

Will do. When would you like to have it?


Start Date: 4/19/01; HourAhead hour: 20;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041920.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 20 / Preferred: -144.00 / Final: -125.00)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  TRADING_SC: EPPS
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 20 / Preferred:   0.51 / Final:   0.34)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 20 / Preferred:   5.65 / Final:   3.70)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 20 / Preferred:  51.56 / Final:  34.71)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/19/01
  SC_ID: EPMI


In preparation for the cubicle build-out,  I will be submitting a churn
request for Wednesday, 3/28, to move into temporary destinations.   Please
see the table below for your details.

Contact 36300 for boxes.  Labels and office floor plans will be distributed
by the move team by Wed. afternoon 3/28.

Name	From	To
Lan Printer-Tulip	3829B	3814
Lan Printer- Jaws	3836	3821
Carolyn George	3836A	3821
Merrill Haas	3837	3876B
Ed Hearn	3834	3880D
Linda Simmons	3829	3821A
Octavia Turkmani	3830	3814
Kay Young	3833	3880B

I will request the post construction move-in date of April 4.  I will provide
details at a later date.

Please don't hesitate to contact me at X57373 if you have any questions.

Best regards,
Taffy Milligan


FYI, the attached press release announcing a fiber exchange is scheduled to
be issued tomorrow by Qwest, however EBS is not named in the release (due to
sensitivities with the pending USWest deal).  Under the terms of the
exchange,  we gave them access on our Denver-to-Dallas route and we received
New Orleans to Jacksonville via Tallahassee; Jacksonville to Charlotte; and
Tallahassee to Louisville via Atlanta and Nashville.

If you have any questions, please contact me.

Thanks.
kd
---------------------- Forwarded by Karen Denne/Corp/Enron on 02/10/2000
05:06 PM ---------------------------

Kris Caldwell@ENRON COMMUNICATIONS
02/10/2000 04:46 PM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: UPDATED Qwest press release

Karen,
Here's the Qwest release that I just left word on your voicemail about.
While it doesn't mention Enron, the 1000 mile route spoken to was acquired in
a fiber exchange with Enron.  Let's discuss. thx,

Kris Caldwell
Enron Communications, Inc.
Public Relations Manager
(503) 886-0269

----- Forwarded by Kris Caldwell/Enron Communications on 02/10/00 02:35 PM
-----

	Matt.Barkett@qwest.com
	02/10/00 08:18 AM

		 To: Kris Caldwell/Enron Communications@Enron Communications
		 cc:
		 Subject: UPDATED Qwest press release

Kris-
Attached is the latest Qwest release, with the changes I mentioned last
night.  I will call you later to discuss, but the bottom line for us is that
we have to disclose this information in writing prior to our analyst meeting
next week, and Friday is now our only window.  As before, there are no
references to Enron.
Thanks-
Matt

 <<Qwest fiber expansion.doc>>

Matt Barkett
Qwest Media Relations
555 17th Street, 7th Floor
Denver, CO 80202
303-992-2085 phone
303-992-1164 fax

 - Qwest fiber expansion.doc