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Jean

AP Online, June 12, 2001; Tuesday, 3:38 AM, Eastern Time, Domestic,
????non-Washington, general news item, 673 words, Pressure Eases for Calif.
????Governor, ALEXA HAUSSLER, SACRAMENTO, Calif.

Copley News Service, June 12, 2001, Tuesday, State and regional, 910 words,
????Public furious at 19 percent rate hike;PUC says its hands are tied, Craig
D.
????Rose, SAN DIEGO

Los Angeles Times, June 12, 2001 Tuesday, Home Edition, Page 2, 203 words,
????California; ; Williams May Be Required to Refund $11 Million for Power,
????Nancy Rivera Brooks

Los Angeles Times, June 12, 2001 Tuesday, Home Edition, Page 1, 581 words,
????Edison Devises Complex Debt Restructuring Plan; Energy: New subsidiary
????created to sell bonds would issue the proceeds as dividends to the parent
of
????utility SCE., JERRY HIRSCH, TIMES STAFF WRITER

Los Angeles Times, June 12, 2001 Tuesday, Home Edition, Page 1, 828 words,
????Davis Eases Power Plant Pollution Rules; Electricity: Order will allow
more
????production from heavily polluting 'peaker' facilities., DAN MORAIN, TIMES
????STAFF WRITER, SACRAMENTO

The New York Times, June 12, 2001, Tuesday, Late Edition - Final, Section
????A; Page 24; Column 1; National Desk, 886 words, Bush to Insist on Ethanol
????Use in California, By KATHARINE Q. SEELYE, WASHINGTON, June 11

The San Francisco Chronicle, JUNE 12, 2001, TUESDAY,, FINAL EDITION, NEWS;,
????Pg. A1, 760 words, Air standards lowered for power plants; ???DAVIS ORDER:
????They can run overtime, Robert Salladay, Lynda Gledhill

The San Francisco Chronicle, JUNE 12, 2001, TUESDAY,, FINAL EDITION, NEWS;,
????Pg. A1, 898 words, U.S. panel steps up probe of supplier; ???NATURAL GAS:
????Charges of price fixing, Bernadette Tansey, Zachary Coile

The Washington Post, June 12, 2001, Tuesday, Final Edition, EDITORIAL; Pg.
????A24, 203 words, Whining in the Dark

Chicago Tribune, June 12, 2001 Tuesday, NORTH SPORTS FINAL EDITION, Tempo;
????Pg. 6; ZONE: C; CHANNEL SURFING., 439 words, 'Blackout' sheds some light
on
????spike in energy costs, By Steve Johnson, Tribune media critic.

The Associated Press State & Local Wire, June 12, 2001, Tuesday, BC cycle,
????6:25 AM Eastern Time, Business News, 675 words, Political pressure eases
for
????California Gov. Gray Davis as power prices dip, By ALEXA HAUSSLER,
????Associated Press Writer, SACRAMENTO, Calif.

The Associated Press State & Local Wire, June 12, 2001, Tuesday, BC cycle,
????3:12 AM Eastern Time, State and Regional, 510 words, State seeks electric
????rate hike for SDG&E customers, By SETH HETTENA, Associated Press Writer,
SAN
????DIEGO

Copyright 2001 Associated Press

??????????????????????????????????AP Online

?????????????????June 12, 2001; Tuesday 3:38 AM, Eastern Time

SECTION: Domestic, non-Washington, general news item

LENGTH: 673 words

HEADLINE: ?Pressure Eases for Calif. Governor

BYLINE: ALEXA HAUSSLER

DATELINE: SACRAMENTO, Calif.

BODY:

???Gov. Gray Davis is getting his first glimpse of relief after months
defending the state's soaring electricity prices and rolling blackouts.

??A series of events from plummeting wholesale energy and natural gas prices
to
the unexpected shift in the U.S. Senate has Davis declaring that the state has
''turned a corner'' in its power woes.

??But the governor, whose popularity ratings have taken a dive in recent
months, must still weather steaming summer months and homeowner reactions to
record-high electricity bills.

??''Some irreparable damage has been done to his image and his popularity,''
said Bruce Cain, director of the Institute of Governmental Studies at the
University of California at Berkeley.

??Two recent statewide polls showed that as electricity rates climbed, Davis'
approval rating plummeted to its lowest marks since he took office in 1998.

??Davis, who is up for re-election next year, is battling his image as a
middle-of-the-road leader and has adopted a confrontational style to deal with
the power crisis.

??In May, he hired high-powered crisis control specialists Chris Lehane and
Mark Fabiani, trained at the Clinton White House and in the Al Gore
presidential
campaign. He declared ''war'' on Texas-based energy wholesalers.

??Davis also attacked the Bush administration for opposing price controls on
wholesale electricity.

??Soon after, the crisis-weary governor's fortunes shifted.

??Vermont Sen. James Jeffords announced he would defect from the GOP, handing
the majority and committee chairmanships to Democrats who favor price caps on
wholesale electricity.

??President Bush, criticized for failing to visit California since taking
office, traveled to the state and met with Davis.

??When the state Energy Commission announced that Californians had cut power
use by 11 percent in May over the previous year, Davis declared a personal
victory. He had called for residents and businesses to conserve 10 percent.

??Last week, wholesale electricity prices plunged from more than $500 a
megawatt hour to about $50 a megawatt hour their lowest level in a year while
natural gas prices also dropped.

??Some experts attributed the price spiral to conservation efforts and mild
Western temperatures, which have reduced the need to run air conditioners.

??But the governor's aides argue the declining prices are a direct result of
Davis signing long-term contracts with energy providers.

??''We may still have some difficult days ahead of us in the summer but it's
pretty clear that the governor's strategy has now borne some fruit,'' said
Garry
South, chief campaign adviser to Davis.

??Still, the energy crisis has battered Davis, once considered a potential
presidential contender in 2004.

??California, heavily reliant on the technology sector, is facing its toughest
budget crunch in years.

??Critics argue Davis has called a premature victory in the energy crisis. The
state has yet to sell $13.4 billion worth of bonds to repay the state for
power
buys, and California relies heavily on the spot power market to make up for
electricity shortages.

??California Republicans, meanwhile, are fortifying their own campaign
strategy. The state party hired veteran consultant Rob Stutzman to counter
Davis' hiring of Lehane and Fabiani.

??And Stutzman says Davis has little for which to take credit.

??''The governor is like a little kid that breaks his mother's china and then
wants credit for gluing half of it back together,'' Stutzman said.

??Davis' short-term fortunes look promising, however. The state Democrats
control both houses of the Legislature and all but one statewide office.

??Davis also holds strong leads over the two Republicans who have announced
they will challenge him, Secretary of State Bill Jones and Los Angeles
businessman William E. Simon Jr.

??Whoever runs against Davis will find an incumbent with more than $26 million
raised for next year's election and a team of campaign advisers already using
focus groups and polling to gauge public reaction to the power crisis.

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??????????????????????Copyright 2001 Copley News Service

?????????????????????????????Copley News Service

????????????????????????????June 12, 2001, Tuesday

SECTION: State and regional

LENGTH: 910 words

HEADLINE: Public furious at 19 percent rate hike;PUC says its hands are tied

BYLINE: Craig D. Rose

DATELINE: SAN DIEGO

BODY:

??California tends to unanimity when it comes to electricity deregulation: The
legislature passed it unanimously in 1996, and people who testified at rate
hike
hearings yesterday voiced unanimous opposition.

??Speakers at public hearings in San Diego and El Cajon alternately demanded
and implored the California Public Utilities Commission to reject an average
19
percent rate hike that the commission says it is obligated by state law to
pass
along to SDG&E electricity customers.

??Perhaps the loudest applause from an audience that approached 100 at the
downtown San Diego hearing yesterday afternoon came in response to calls for
the
state to exercise its power of eminent domain and seize power plants.

??Guy Mock, a Navy enlisted man who was among those calling for such
takeovers,
said many in military service are finding rising utility costs a significant
burden, pushing some to use food stamps.

??''Remember, people in the military have no choice about being here,'' Mock
said.

??Waving computer printouts from research he said he conducted on the
Internet,
Mock said generators were charging outrageous prices, noting in particular the
recent revelation that at one point Duke Energy had charged nearly $3,900 a
megawatt-hour for its electricity. Last spring, a megawatt-hour sold for less
than $30.

??''Let's take it over,'' Mock suggested as a solution to the power crisis.

??An overflow crowd of about 250 people attended a hearing at the El Cajon
Community Center that at times took on the flavor of a church revival.
Audience
members cheered, clapped and called out comments in support of almost 50
people
who spoke at the hearing.

??''There are a couple of hundred here who are very irritated,'' said Chris
Medicus of El Cajon. He said he has been conserving energy even before calls
to
cut back on power use.

??''Who's going to do something for me since I can conserve no more?''

??Edy Mason, a retired nurse who lives in El Cajon, said she can't afford her
rising rent and utility bills on the $732 she receives each month.

??''This is legal rape. I'm tired of being raped. This has to stop,'' Mason
said.

??Dan McKenna, chief of the Rural Fire Protection District that serves
unincorporated areas of the county, said fire and emergency medical services
will be hurt if there is a rate increase. Fire departments are already having
to
spend large portions of their budgets on energy costs, he said.

??''That's unacceptable, sir,'' he said as members of the audience clapped and
called out, ''That's right.''

??Despite the appeals for tough action, Carl Wood, the only member of the
California Public Utilities Commission in attendance at yesterday's hearings,
insisted that the commission was obligated to pass along the proposed 19
percent
rate hike demanded by the California Department of Water Resources.

??Under legislation passed earlier this year, the department began purchasing
power for state utility customers. The same legislation gave the department
the
right to self-judge the reasonableness of its rate hike requests, a function
formerly allocated to the utilities commission.

??That leaves the PUC with a limited role in the rate hike process, Wood
acknowledged.

??''We are here to spread the pain,'' said the commissioner, who noted that
customers who use 130 percent or less of the baseline amount are shielded from
any rate hike by state law. The baseline allowance, which is printed on
utility
bills, is a subsistence amount of electricity that varies by location and
climate.

??But Wood also said later, ''We have to (raise rates) if we want to keep
power
flowing.''

??San Diego County Supervisor Dianne Jacob was not persuaded. Jacob said the
duty of the commission is to ensure just and reasonable utility rates for
Californians.

??''The only way for the commission to fulfill its mission is to disobey the
(water department),'' Jacob said. ''I urge the commission to refuse the $915
million rate increase request from the DWR.''

??Nearly all other speakers agreed, with many blasting the notion that
consumers should be forced to pay for the fallout of a deregulation plan they
said was designed by major energy corporations for their own benefit.

??''They spent the money, they had the party and now they are asking the
little
guys to clean up the mess,'' said Frank Jordan.

??Another speaker said the utilities commission would find options to the rate
hike if it tapped into public outrage over the electricity crisis.

??''Don't throw more money at the problem,'' said Robert Womack of La Mesa.
''Give us the chance to throw our weight around and we have plenty of weight
to
throw around.''

??Holly Duncan of San Diego was as upset over the rate hike process as she was
over the increase itself. Duncan noted that the water department which in
effect
ordered the rate hike was declining to release its power purchase contracts.
That left her, she said, in the position of paying for something that was
negotiated in secret.

??''Where is our systems of checks and balances?'' Duncan asked.

??The commission is expected to have a proposed rate hike plan ready by June
21, with a final vote on the increase slated for June 28.

??Additional public hearings will be held at 1 p.m. today at the Country Inn
Hotel, 35 Via Pico Plaza, San Clemente, and at 7 p.m. today at the California
Center for the Arts, Escondido, 340 N. Escondido Blvd.

???pls. don't bite last graf WAGNER-CNS-SD-06-11-01 2244PST

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??????????????????????????????5 of 48 DOCUMENTS

??????????????????????Copyright 2001 / Los Angeles Times

??????????????????????????????Los Angeles Times

?????????????????????June 12, 2001 Tuesday ?Home Edition

SECTION: Business; Part 3; Page 2; Financial Desk

LENGTH: 203 words

HEADLINE: California;
;
Williams May Be Required to Refund $11 Million for Power

BYLINE: Nancy Rivera Brooks

BODY:

??A major electricity marketer in California, Williams Cos., said Monday that
it may be required to refund $11 million for electricity sold in the state
this
year at prices deemed too high by federal regulators.

??Williams of Tulsa, Okla., markets nearly 4,000 megawatts of electricity
produced by three Southern California power plants owned by AES Corp. of
Arlington, Va.

??Williams has been ordered by the Federal Energy Regulatory Commission to
justify prices for $30 million of electricity sold in California during Stage
3
power emergencies from January to April.

??FERC set a price cap for times of extreme electricity shortages during each
of those four months and found that prices charged by power plant owners and
marketers, including Williams, exceeded the caps by $124.6 million in all. The
companies were told to justify those prices or refund them.

??"Williams has filed justification for its prices with the FERC and
calculated
its refund liability under the methodology used by the FERC to compute refund
amounts at approximately $11 million," Williams said in a filing with the
Securities and Exchange Commission. Williams said it continues to object to
refunds in any amount.

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??????????????????????????????6 of 48 DOCUMENTS

??????????????????????Copyright 2001 / Los Angeles Times

??????????????????????????????Los Angeles Times

?????????????????????June 12, 2001 Tuesday ?Home Edition

SECTION: Business; Part 3; Page 1; Financial Desk

LENGTH: 581 words

HEADLINE: Edison Devises Complex Debt Restructuring Plan;
Energy: New subsidiary created to sell bonds would issue the proceeds as
dividends to the parent of utility SCE.

BYLINE: JERRY HIRSCH, TIMES STAFF WRITER

BODY:

??Edison International plans to raise $1.2 billion in a complex transaction
that would tap the borrowing capacity of its only significant profit center--a
move critical to the firm's financial health.

??The financing would pay off $618 million in Edison bank debt that comes due
June 30. Additionally, the offering would be used to pay off $600 million of
floating rate notes due by year's end.

??Mission Energy Holding Co., a company created by Edison International for
the
sole purpose of issuing these bonds, will offer the notes. The assets of
Edison
Mission Energy, a subsidiary that owns a network of power plants across the
United States and in Asia, Australia and New Zealand, will secure the debt.

??Mission Energy Holding plans to issue the proceeds to Rosemead-based Edison
International in the form of dividends, giving the parent company funds to pay
off a substantial portion of its debt.

??Despite the backing of such heavy hitters as Wall Street investment bank
Goldman Sachs Group, some analysts question whether there is enough investment
interest to make the deal work.

??"I am not sure what type of appetite the market will have for this," said
Jon
Cartwright, a bond analyst with Raymond James & Associates in St. Petersburg,
Fla.

??The financing plan comes as the firm is struggling to keep its ailing
Southern California Edison electric utility out of Bankruptcy Court. Edison
International can pursue the deal because of its byzantine corporate
structure,
designed to reduce the risk that Edison Mission Energy would be dragged into
any
potential bankruptcy of either the parent company or corporate sibling SCE.

??The question, Cartwright said, is whether that separation, erected under a
financial legal doctrine called "ring fencing," provides enough protection to
make lending money palatable to investors.

??"What price are you willing to get for a security that looks like it will
have to be tested in Bankruptcy Court?" Cartwright asked.

??Edison International, which declined to comment about the offering, plans to
start pitching it on Wall Street this week.

??Even if the offering were completed, Edison International probably would pay
a high price for its borrowing.

??Cartwright said a similarly rated bond at another company would pay an
interest rate of about 9.67%, but given the risk he would expect investors to
demand a higher yield.

??The notes will have a credit rating of BB-minus and come due in 2008, said
Standard & Poor's, the bond rating agency. That's slightly higher than the
near-default CC rating now carried by Edison International.

??Standard & Poor's said the transaction could raise Edison International's
credit rating to a CCC-plus grade--better but still considered a junk rating
by
the investment community.

??In issuing its rating for the offering Monday, Standard & Poor's said that
"the prospects of a bankruptcy filing by or against SCE remain high."

??That reflects the rating agency's assessment that it is increasingly
unlikely
that the state will complete a rescue plan devised by Edison and Gov. Gray
Davis, which calls for the state to purchase SCE's transmission lines for
nearly
$2.8 billion and issue up to $3.5 billion in ratepayer-secured bonds to pay
off
debts from purchasing electricity at higher rates than it was allowed to
charge
customers.

??Edison International shares closed unchanged Monday at $11 on the New York
Stock Exchange. The stock has fallen 30% this year.

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??????????????????????????????7 of 48 DOCUMENTS

??????????????????????Copyright 2001 / Los Angeles Times

??????????????????????????????Los Angeles Times

?????????????????????June 12, 2001 Tuesday ?Home Edition

SECTION: California; Part 2; Page 1; Metro Desk

LENGTH: 828 words

HEADLINE: Davis Eases Power Plant Pollution Rules;
Electricity: Order will allow more production from heavily polluting 'peaker'
facilities.

BYLINE: DAN MORAIN, TIMES STAFF WRITER

DATELINE: SACRAMENTO

BODY:

??Gov. Gray Davis agreed Monday to lift air emission limits on heavily
polluting power plants and allow them to run at capacity this summer as long
as
the electricity they produce is sold in the state.

??State officials said the plants must be pressed into use to avoid blackouts.

??Davis' executive order lets the generators build the cost of air pollution
fines into the price the state pays for electricity produced by natural
gas-fired power plants, said Catherine Witherspoon of the California Air
Resources Board.

??Municipal utility districts--including the Los Angeles Department of Water
and Power--and independent power companies could supply as much as 1,200
megawatts from so-called peaker plants, facilities that generally are
permitted
to operate for only a few hundred hours a year because they pollute so
heavily.
That is enough power for more than 1 million homes.

??Other gas-fired power plants that have been shut down because of air
pollution restrictions also could be started up as a result of the order.

??In a news conference Monday, state officials said the order will have the
effect of lowering air pollution by limiting the use of far dirtier diesel
generators, which industry could use if power supplies are threatened.

??"If we don't get every last megawatt we can [from natural gas-fired
plants],"
said Witherspoon of the air board, "we will see people turning to diesel more
frequently."

??Added Kellan Fluckiger, a top energy advisor to Davis: "If you don't run
these, you're either going to have outages or you're going to run something
dirtier."

??Fluckiger said the order expands "the number of hours these things can run
and the amount of energy they can produce."

??New natural gas-fired power plants emit about half a pound per megawatt-hour
of operation of ozone-producing pollutants. The plants affected by the order
emit between two and five pounds of oxides of nitrogen per megawatt-hour.

??If the plants are pressed into operation for 200,000 megawatt-hours this
summer, there will be between 400,000 and 1 million additional pounds of
oxides
of nitrogen emitted into the air.

??The state probably will end up paying the fees associated with the extra
pollution through higher electricity prices. The fees amount to $7.50 per
pound
of oxides of nitrogen--or $7.5 million if the plants operate for 200,000
hours--and $1.10 per pound of carbon monoxide emissions. The money would be
used
to reduce air pollution from other sources.

??"Under this order, dirty power plants can run as long as they want and
pollute as much as they want so long as they pay into a fund," said Gail
Ruderman Feuer, senior attorney with the Natural Resources Defense Council.
"Our
concern is that there's no guarantee that the fund will result in emission
reductions any time soon."

??A Ventura County air pollution control official said that running one
peaking
power plant operated by Reliant Energy for one hour is the equivalent of
adding
20,000 new cars to Ventura County highways for an hour. Reliant Energy could
not
be reached for comment Monday night.

??"To the extent that they run when not needed for an emergency, it's going to
put more air pollution into Ventura County skies and it's going to make our
air
dirtier," said Dick Baldwin, air pollution control officer for Ventura County.

??Los Angeles DWP Director David Wiggs hailed the order, saying it was needed
so the city can sell the state as much as 1,000 megawatts of power this
summer.

??"This was the issue we had to have solved or we could not offer any of our
excess capacity to the state," Wiggs said.

??He added, however, that the city and state have not yet agreed on a price
for
the power. Wiggs said the city is "negotiating to get our cost as low as we
can
legally charge" so that customers of the city utility district are not
subsidizing consumers in the rest of the state. Municipal utility districts
elsewhere in the state also are expected to benefit from the order.

??Though the order was aimed at spurring municipal utilities to sell power to
the state, it also applies to independent power producers such as Reliant
Energy
of Houston and Duke of North Carolina--both of which have called on Davis to
ease air pollution restrictions on their old natural gas-fired facilities.

??"This puts more money in the Texans' pockets and more air pollution in
Ventura County residents' lungs," said Baldwin of Ventura County.

??Doug Allard, a Santa Barbara County air pollution control officer, also said
it seems as if the governor is giving private power generators much of what
they
had sought.

??"We have serious concerns about the order," said Feuer of the Natural
Resources Defense Council. "It's taking the discretion away from local air
districts to regulate power plants in their region."

??*

??Times staff writer Nancy Vogel contributed to this story.

??RELATED STORY

??Utility: Edison plans to raise $1 billion in debt restructuring. C1

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??????????????????Copyright 2001 The New York Times Company

??????????????????????????????The New York Times

?????????????????June 12, 2001, Tuesday, Late Edition - Final

SECTION: Section A; Page 24; Column 1; National Desk

LENGTH: 886 words

HEADLINE: Bush to Insist on Ethanol Use in California

BYLINE: ?By KATHARINE Q. SEELYE

DATELINE: WASHINGTON, June 11

BODY:

??The Bush administration has decided to force California to use ethanol as an
antipollution fuel additive, a move that the critics say could result in an
increase of at least 5 cents a gallon at the pump this summer in that state.

??California had asked the federal government to be exempted from a Clean Air
Act requirement to use fuel additives like ethanol to cleanse its gasoline,
arguing that cheaper technologies were available.

???Administration officials said today that the government would issue a
decision on Tuesday denying the request.

??Last Friday, in a speech in Iowa, Mr. Bush hinted at the decision, saying he
supported the use of ethanol "not only to reduce dependency on foreign sources
of energy but secondly as a way to clean the air."

??Several Democratic senators from farm states, including Tom Daschle of South
Dakota, the new majority leader, and Tom Harkin of Iowa, the new chairman of
the
Agriculture Committee, saw a favorable decision as a huge boon to their
states'
economies and had urged Mr. Bush to deny California the waiver.

??It was Mr. Daschle -- and former Senator Bob Dole of Kansas -- who began the
push for ethanol a decade ago by inserting in the Clean Air Act an amendment
that required 2 percent of cleaner-burning gasoline to contain oxygenates like
ethanol.

??The act required that it be sold in cities with the worst smog: Los Angeles,
New York, Baltimore, Chicago, Hartford, Houston, Milwaukee, Philadelphia,
Sacramento and San Diego.

??Some California fuel has oxygenates throughout the year, but in most
Northeastern states the additives are used only in the winter months to reduce
emissions of carbon monoxide.

??The decision opens up the biggest market in the country to corn producers
and, in particular, could benefit the Archer Daniels Midland agribusiness, a
major Republican contributor, because it is one of the few ethanol producers
able to transport ethanol to the West and East Coasts.

??But environmentalists say there are now less expensive, less complex ways to
reduce such pollution than adding ethanol.

??And they contend that Mr. Bush's decision is intended to solidify his
support
in the farm states that he won in the last election and help him make an
important overture to Iowa, which he lost.

??Several Northeast states were waiting to see whether California received its
waiver before applying for their own, but a spokesman for a consortium of
those
states said today that they would not apply and without it would expect to see
an increase in gasoline prices.

??Gov. Gray Davis of California, who has already clashed with the White House
over its energy policy and its refusal to place price caps on electricity,
said
the decision could cost Californians, who already pay the highest gas prices
in
the nation, an additional 6 cents per gallon, or about $450 million a year for
the estimated 580 million gallons of ethanol that will be needed annually.

??Janet Hathaway, a lawyer for the Natural Resources Defense Council, with a
specialty in fuels and vehicles, said the decision "means that the whole
country
has to use ethanol in every gallon of reformulated gas, which means suddenly a
lot of demand has to chase a limited supply, which always means prices go up."

??Ms. Hathaway added, "It's not necessary to use ethanol to achieve the same
environmental results."

??There are basically two widely available additives, or oxygenates, that help
cleanse gasoline -- ethanol and M.T.B.E. (methyl tertiary butyl ether). But
M.T.B.E. has been found to contaminate drinking water and is being phased out
in
11 states, including California and much of the Northeast.

??The administration's expected decision would force those states instead to
use ethanol, an alcohol made by the fermentation of sugars from corn, which
last
year constituted two-thirds of 1 percent of the gasoline produced in this
country.

??California argued two years ago to the Environmental Protection Agency that
it wanted a waiver from such a mandate because refiners had other ways to
blend
gasoline that were cheaper and cleaner.

??The agency under the Clinton administration decided to grant the waiver,
concluding that it would reduce emissions, but President Bill Clinton never
completed action on the matter.

??David Uchic, a spokesman for the National Corn Growers Association, said he
doubted California's claim of cheaper, cleaner blends.

??"If you want to tell us you can refine a gas that meets the Clean Air
standards and is cheaper than ethanol-added enhanced gas, go ahead," Mr. Uchic
said. "Let's see the numbers."

??In addition, he said the Bush decision was a flat-out victory for his
industry, which hopes to triple ethanol production over the next decade.

??"This will spur new investment in ethanol plants and in expanding existing
facilities, and we just see production going up, up, up," Mr. Uchic said.

??Jason Grumet, executive director of the Northeast States for Coordinated Air
Use Management, a consortium of state agencies, said the
administration's decision was ill-conceived and potentially harmful. ?"We will
be paying more money for higher-polluting gasoline," Mr. Grumet said. "This
is a
decision that will profoundly benefit a couple of multinational agribusinesses
at the expense of the environment, drivers and the small farmer."

??http://www.nytimes.com

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??????????????????????????????10 of 48 DOCUMENTS

?????????????????Copyright 2001 The Chronicle Publishing Co.

?????????????????????????The San Francisco Chronicle

????????????????????JUNE 12, 2001, TUESDAY, FINAL EDITION

SECTION: NEWS; Pg. A1

LENGTH: 760 words

HEADLINE: Air standards lowered for power plants;

DAVIS ORDER: They can run overtime

SOURCE: Chronicle Sacramento Bureau

BYLINE: Robert Salladay, Lynda Gledhill

BODY:
Gov. Gray Davis eased California's air pollution standards for power plants
yesterday with an executive order that will allow some to run overtime this
summer and squeeze out extra electricity.

???Energy advisers said the governor's order actually would cause less
pollution in the coming months because it allows natural-gas powered plants to
run longer and reduce the need to run dirtier diesel-powered generators often
used as backups.

???"If you don't run these, you're either going to have outages, or you're
going to run something dirtier," said Davis adviser Kellan Fluckiger.

???Under the current state of emergency, the governor has sweeping powers to
make changes in the law.

???The Davis administration roughly estimated that about 1,200 megawatts in
extra power could be produced and sold to California, enough to supply an
estimated 1.2 million homes. The Los Angeles Department of Water and Power,
which has been selling its extra electricity to the state, said it might be
able
to supply 1,000 megawatts alone.

???Under the current law, power plants in California are allowed to emit
specific amounts of major pollutants -- nitrogen oxides and carbon monoxide --
and then must shut down when they reach a federal and state quota.

???The executive order allows power plants in California to bypass those
environmental standards as long as they sell the extra power to the state or
another California-based utility. The order lasts until Davis rescinds it.

???EXEMPTION TRADE-OFFS

???In exchange for the exemptions, the power generators must pay penalties for
the extra pollution they cause. The fines would probably range around $37.50
for
every megawatt produced during these peak periods, according to Catherine
Witherspoon with the California Air Resources Board.

???Although prices are falling, a megawatt hour has sold on the daily market
for more than $500 -- at one point soaring to as much as $1,900.

???Money from the fines would be put into local pollution-control accounts and
used to reduce emissions elsewhere, Witherspoon said. She said the governor's
order was the best way to get more power and still maintain environmental
standards.

???Witherspoon said the federal Environmental Protection Agency, which needs
to
approve the new standards set by Davis, had been "very cooperative."

???"Bringing the maximum amount of power out of natural gas capacity is really
going to help," Witherspoon said. "If we don't get every last megawatt we can,
we will see people turning to diesel more frequently."

???The South Coast Air Quality District, which is the largest and most
polluted
area of the state, already has been allowing power plants to produce more
power
in exchange for higher fines, said Ralph Cavanagh of Natural Resources Defense
Council.

???"The key is whether the mitigation fund being set up will actually be used
to offset pollution," he said. The "jury is still out" on how successful the
program has been, Cavanagh said.

???Cavanagh agreed that using natural gas plants was much better than diesel,
something the Davis administration is considering. "Clearly we want to
suppress
the operation of diesel," he said. "To the extent that it reduces diesel, that
is a benefit."

???The state's municipal utilities have for months been asking Davis for
yesterday's exemption so they can run their natural-gas-powered plants longer,
and presumably make some money off the increase in sales. Power prices are at
their highest in history.

???Davis has previously threatened the public utilities takeover because of
the
high prices being charged the state, which has spent about $8.3 billion to
purchase power since January. The utilities have said they are only passing
along the high cost of the natural gas used to produce the electricity.

???"This was the issue we had to have solved or we could not offer any of our
excess capacity to the state," said David Wiggs, general manager of the L.A.
Department of Water and Power.

???The price of the extra power is "being negotiated now with the governor's
people at the direction of Mayor (Richard) Riordan to get the cost as low as
possible," Wiggs said. "We have not reached an agreement."

??-----------------------------------------------

??Tell us what you think-- What are your suggestions for saving energy? Send
your best tips to Energy Desk, San Francisco Chronicle, 901 Mission St., San
Francisco, CA 94103; or put your ideas in an energy-efficient e-mail to
energysaver@sfchronicle.com.E-mail the reporters at rsalladay@sfchronicle.com
 and lgledhill@sfchronicle.com.

LOAD-DATE: June 12, 2001

??????????????????????????????11 of 48 DOCUMENTS

?????????????????Copyright 2001 The Chronicle Publishing Co.

?????????????????????????The San Francisco Chronicle

????????????????????JUNE 12, 2001, TUESDAY, FINAL EDITION

SECTION: NEWS; Pg. A1

LENGTH: 898 words

HEADLINE: U.S. panel steps up probe of supplier;

NATURAL GAS: Charges of price fixing

SOURCE: Chronicle Staff Writers

BYLINE: Bernadette Tansey, Zachary Coile

BODY:
Federal regulators widened their investigation yesterday of a Texas natural
gas
firm accused of inflating statewide energy prices, reversing an earlier order
that had partially exonerated the company.

???The Federal Energy Regulatory Commission's 4-to-0 ruling in the
investigation of El Paso Corp., backed by Pat Wood, the Bush
administration's new appointee, was greeted by California's chief energy
regulator as a turning point in the commission's attitude toward state
complaints of price gouging.

???The commission's action "signals a whole new chapter of vigilant
enforcement," said Loretta Lynch, president of the state Public Utilities
Commission.

???The federal commission reopened the question of whether El Paso rigged the
bid for a huge block of capacity on its gas pipeline in favor of its own
marketing affiliate, thus stifling competition that could have prevented
natural
gas prices from soaring to the levels they reached last winter.

???In the past year, gas from the Southwest has sold at the California border
at prices as much as 10 times the nationwide average, driving up the price of
consumers' heating bills and of electricity produced at power plants that run
on
natural gas.

???In March, before Wood was appointed, the commission cleared El Paso of
complaints by California officials that the firm had engineered the takeover
by
its marketing arm of more than one-third of the space on its pipeline into
California. That pipeline supplies half of the state's gas.

???In the same ruling, however, the commission ordered a trial-like hearing on
the separate question of whether El Paso exercised near-monopoly market power
to
boost its profits.

???The PUC, Pacific Gas and Electric Co. and Southern California Edison say El
Paso's pipeline affiliate and its marketing subsidiary combined to prevent
competing shippers from importing natural gas, jacking up prices.

???The hearing, which has already stretched from an original schedule of four
days to more than five weeks, will now be expanded for evidence on accusations
that l Paso broke federal regulations against preferential treatment for
affiliates.

???COMPANY NOT WORRIED

???El Paso spokeswoman Norma Dunn said the probe would reinforce the
commission's original decision that El Paso was innocent of rigging the
pipeline
bid.

???"We're confident they'll use the same information to reach the same
conclusion," Dunn said.

???Harvey Morris, the PUC's lead attorney in the case, said the order could
lead to harsher penalties against El Paso if an administrative law judge found
wrongdoing.

???Lynch said last week that El Paso should be forced to pay back California
for what the state considers its excess costs during the 15-month contract
between the company and its marketing arm, El Paso Merchant Energy. The state
has never estimated that figure, but consultants for Edison say the alleged
market manipulation cost California an extra $3.7 billion.

???The PUC first asked the federal commission to void the contract in April
2000. By the time the commission ordered a hearing, the contract was close to
its expiration date -- this past May 31.

???Wood, who was sworn in to the commission last week, said in a concurring
opinion yesterday that such cases should be investigated promptly.

???"In the framework of active energy markets, it is critical that the
commission act expeditiously on complaints," Wood wrote.

???RAISING THE BAR

???Wood's remark "seems to raise the bar for FERC" in its role as a market
watchdog, Lynch said.

???There has been much speculation about how Wood's presence will affect the
federal commission, which has been at odds with California officials over
virtually every area of energy policy.

???Wood, a 38-year-old lawyer, was nominated to the Texas Public Utilities
Commission by then-Gov. George W. Bush in 1995. At the time, Bush said that
Wood
"shares my conservative philosophy" and would bring a free-market approach to
regulation.

???Bush administration officials have hinted that Wood will replace Curt
Hebert
as chairman of the federal commission, though White House spokesman Ari
Fleischer dampened the speculation last week, saying Hebert was not in danger
of
losing his job.

???On his recent trip to the state, Bush said he had assigned Wood to
investigate the high cost of natural gas delivered to California.

???Wood has spoken to Gov. Gray Davis twice on the phone about the energy
crisis. The two plan to meet in Washington on June 20, said Steve Maviglio, a
spokesman for Davis.

???"The governor was enthusiastic about Pat Wood after his conversations with
him," Maviglio said. "He feels the commissioner understands the issues out
here,
and he promises to provide some relief in one form or another."

???Davis declined to comment on yesterday's decision until he had time to read
it.

???The PUC's Morris said that it was no coincidence that gas prices in
California had dropped dramatically since El Paso Merchant Energy's contract
expired May 31, and 30 competing shippers started to share the pipeline
capacity.

???"It's no longer the 800-pound gorilla on the El Paso system," Morris said.

???El Paso spokeswoman Dunn said prices had dropped because of a wide range of
factors, including mild weather, increased hydroelectric power production and
a
lower demand for gas.E-mail Bernadette Tansey at btansey@sfchronicle.com. and
Zachary Coile at zcoile@sfchronicle.com.

LOAD-DATE: June 12, 2001

??????????????????????????????13 of 48 DOCUMENTS

??????????????????????Copyright 2001 The Washington Post

?????????????????????????????The Washington Post

????????????????????June 12, 2001, Tuesday, Final Edition

SECTION: EDITORIAL; Pg. A24

LENGTH: 203 words

HEADLINE: Whining in the Dark

BODY:

???California Gov. Gray Davis [op-ed, May 16] asserted that California's
energy
crisis is a result of the federal government's failure to "carry out [its]
statutory obligation to ensure energy prices are 'just and reasonable.' "

???Nonsense.

???For 12 years, by Gov. Davis's own admission, California has not built a
major power plant within its borders. Instead, it has exported pollution to
the
other states (where does that lovely "green" electricity come from?) and
patted
itself on the back for its environmental "consciousness."

???Now Gov. Davis says, "The federal government must do its part to
temporarily
control runaway energy prices." Again, nonsense. The "runaway energy prices"
California pays are a direct result of a conscious decision to export
pollution
to its neighboring states for 12 years.

???And, it should be pointed out, demanding that the federal government
institute "temporary" price controls is the equivalent of demanding that the
rest of the states pay for accepting California's pollution.

???Until California brings its own generators on line -- and the
refining-pipeline capacity to fuel them -- let it whine in the dark. It won't
freeze.

??MICHAEL HANKAMER

??Manassas

LOAD-DATE: June 12, 2001

??????????????????????????????14 of 48 DOCUMENTS

????????????????????Copyright 2001 Chicago Tribune Company

???????????????????????????????Chicago Tribune

??????????????June 12, 2001 Tuesday, NORTH SPORTS FINAL EDITION

SECTION: Tempo; Pg. 6; ZONE: C; CHANNEL SURFING.

LENGTH: 439 words

HEADLINE: 'Blackout' sheds some light on spike in energy costs

BYLINE: By Steve Johnson, Tribune media critic.

BODY:

??You are reading this, I presume, with the lights on. Don't get too
comfortable with that idea.

??The very timely "Frontline" episode titled "Blackout" (9 p.m., WTTW-Ch. 11)
examines the new circumstances that led to California's energy crisis, in
particular, but also the natural-gas price spike that made last winter so long
and costly in Illinois.

??The episode, reported with The New York Times, suggests very strongly that
what happened in the Golden State was not simply another case of isolated
left-coast kookiness, like est, but rather a case of left-coast kookiness
likely
to spread to the rest of the country, like salad bars.

??It is, in other words, a cautionary tale, and then some. The take from
correspondent Lowell Bergman -- yes, the fellow from "The Insider" who used to
be a top "60 Minutes" producer -- blames free-market theory mixed with the
basic
business principle of trying to make as much money as you can. Electricity
deregulation and other legal developments paved the way for a new class of
businesspeople, ones who trade power like any other commodity. Regulatory
agencies, meanwhile, have either had their teeth taken away or have lost the
will to use them.

??The effect was especially profound in California because a deregulation bill
that satisfied neither free marketers nor public-interest groups had forced
power companies to get rid of their generating plants. They were at the mercy
of
the markets, the markets found a way to charge more, and that -- again, in
Bergman's take -- is why the cost of electricity jumped by more than a
multiple
of 10.

??At the heart of this debate is the question of whether the nation can afford
to treat power like soybeans. The California evidence suggests not, but
Bergman's interviews, including one with Vice President Richard Cheney,
suggest
this administration will continue to follow the free-market path that,
coincidentally, helps some of its biggest campaign donors.

??Two side notes:

??- It is fascinating to see Bergman, who used to be a resolutely behind-the-
scenes guy, take so readily to appearing on camera. He makes sure to include
some of his best moments as a questioner, even when they're not necessarily
key
to the story. Mike Wallace, his old partner, would be proud, but it's a
different style than "Frontline" viewers are used to, where the correspondent
stays out of the way.

??- This "Frontline" received heavy advance publicity before it aired last
Tuesday on most PBS stations nationwide. WTTW says the episode was a late
addition to the "Frontline" schedule and the station was already locked into
pledge programming at that time.

LOAD-DATE: June 12, 2001

??????????????????????????????15 of 48 DOCUMENTS

???????????????????The Associated Press State & Local Wire

The materials in the AP file were compiled by The Associated Press. ?These
materials may not be republished without the express written consent of The
Associated Press.

???????????????????????June 12, 2001, Tuesday, BC cycle

?????????????????????????????6:25 AM Eastern Time

SECTION: Business News

LENGTH: 675 words

HEADLINE: Political pressure eases for California Gov. Gray Davis as power
prices dip

BYLINE: By ALEXA HAUSSLER, Associated Press Writer

DATELINE: SACRAMENTO, Calif.

BODY:

??Gov. Gray Davis is getting his first glimpse of relief after months
defending
the state's soaring electricity prices and rolling blackouts.

??A series of events - from plummeting wholesale energy and natural gas prices
to the unexpected shift in the U.S. Senate - has Davis declaring that the
state
has "turned a corner" in its power woes.

??But the governor, whose popularity ratings have taken a dive in recent
months, must still weather steaming summer months and homeowner reactions to
record-high electricity bills.

??"Some irreparable damage has been done to his image and his popularity,"
said
Bruce Cain, director of the Institute of Governmental Studies at the
University
of California at Berkeley.

??Two recent statewide polls showed that as electricity rates climbed, Davis'
approval rating plummeted to its lowest marks since he took office in 1998.

??Davis, who is up for re-election next year, is battling his image as a
middle-of-the-road leader and has adopted a confrontational style to deal with
the power crisis.

??In May, he hired high-powered crisis control specialists Chris Lehane and
Mark Fabiani, trained at the Clinton White House and in the Al Gore
presidential
campaign. He declared "war" on Texas-based energy wholesalers.

??Davis also attacked the Bush administration for opposing price controls on
wholesale electricity.

??Soon after, the crisis-weary governor's fortunes shifted.

??Vermont Sen. James Jeffords announced he would defect from the GOP, handing
the majority and committee chairmanships to Democrats who favor price caps on
wholesale electricity.

??President Bush, criticized for failing to visit California since taking
office, traveled to the state and met with Davis.

??When the state Energy Commission announced that Californians had cut power
use by 11 percent in May over the previous year, Davis declared a personal
victory. He had called for residents and businesses to conserve 10 percent.

??Last week, wholesale electricity prices plunged from more than $500 a
megawatt hour to about $50 a megawatt hour - their lowest level in a year -
while natural gas prices also dropped.

??Some experts attributed the price spiral to conservation efforts and mild
Western temperatures, which have reduced the need to run air conditioners.

??But the governor's aides argue the declining prices are a direct result of
Davis signing long-term contracts with energy providers.

??"We may still have some difficult days ahead of us in the summer but it's
pretty clear that the governor's strategy has now borne some fruit," said
Garry
South, chief campaign adviser to Davis.

??Still, the energy crisis has battered Davis, once considered a potential
presidential contender in 2004.

??California, heavily reliant on the technology sector, is facing its toughest
budget crunch in years.

??Critics argue Davis has called a premature victory in the energy crisis. The
state has yet to sell $13.4 billion worth of bonds to repay the state for
power
buys, and California relies heavily on the spot power market to make up for
electricity shortages.

??California Republicans, meanwhile, are fortifying their own campaign
strategy. The state party hired veteran consultant Rob Stutzman to counter
Davis' hiring of Lehane and Fabiani.

??And Stutzman says Davis has little for which to take credit.

??"The governor is like a little kid that breaks his mother's china and then
wants credit for gluing half of it back together," Stutzman said.

??Davis' short-term fortunes look promising, however. The state Democrats
control both houses of the Legislature and all but one statewide office.

??Davis also holds strong leads over the two Republicans who have announced
they will challenge him, Secretary of State Bill Jones and Los Angeles
businessman William E. Simon Jr.

??Whoever runs against Davis will find an incumbent with more than $26 million
raised for next year's election and a team of campaign advisers already using
focus groups and polling to gauge public reaction to the power crisis.

GRAPHIC: AP Photo SC101

LOAD-DATE: June 12, 2001

??????????????????????????????16 of 48 DOCUMENTS

???????????????????The Associated Press State & Local Wire

The materials in the AP file were compiled by The Associated Press. ?These
materials may not be republished without the express written consent of The
Associated Press.

???????????????????????June 12, 2001, Tuesday, BC cycle

?????????????????????????????3:12 AM Eastern Time

SECTION: State and Regional

LENGTH: 510 words

HEADLINE: State seeks electric rate hike for SDG&E customers

BYLINE: By SETH HETTENA, Associated Press Writer

DATELINE: SAN DIEGO

BODY:

??While resident after resident rose in outrage over the state's ongoing
energy
crisis, Gail Hoover stood in the hallway outside the public hearing, begging
for
money.

??Through tears, the 52-year-old single disabled mother from El Cajon said
this
is what California's energy crisis has driven her to. On top of her folding
table sits family photos and a gift bag that reads, "A donation would be
greatly
appreciated."

??Hoover said electricity is essential to her well-being. She needs power to
keep her medicine cool and to work her electric hospital bed. And because her
disability check isn't enough to pay all the expenses, Hoover said she has no
choice but to ask strangers for help pay her $300 San Diego Gas & Electric
bill.

??"We don't have money for anything but food," she said Monday. "My children
are so ashamed we have to do this."

??San Diegans were the first in the state to pay out of control power prices
and they will soon experience another first - an electric rate hike imposed by
the state.

??The California Department of Water Resources, which recently took over
electricity buying for the state's cash-strapped utilities, is raising San
Diego
Gas & Electric rates 19 percent to collect $915 million the agency says it
needs
to make those purchases. The rate hike was the subject of a public hearing
Monday, where residents like Hoover had the opportunity to tell state
regulators
how they felt about such increases.

??Customers of SDG&E were the first to be exposed to unrestricted power prices
under the state's 1996 deregulation law, which is widely blamed for the
current
energy crisis. After local residents saw their power bills double and triple
last summer, the California Legislature stepped in last fall and froze bundled
rates at about 15 cents a kilowatt hour.

??The DWR will raise rates on average by 2.77 cents per kilowatt-hour to 17.87
cents a kilowatt-hour, according to the Public Utilities Commission. A
kilowatt-hour is enough to light 10 100-watt lamps for one hour.

??SDG&E, which serves 1.2 million customers in San Diego and Orange counties,
has a separate request to raise rates an additional 16 percent or 2.3 cents
per
kilowatt-hour, pending before the PUC. The utility says the increase would
raise
$800 million to cover losses it incurred paying skyrocketing prices of
electricity before the DWR began buying power in January.

??Typically, requests for rate increases, such as SDG&E's, goes through the
PUC, which reviews such proposals and sets "reasonable" rates. But the law
signed in January that gave the DWR the power to buy electricity also gave the
agency the power to solely judge the merits of its own rate increase
proposals.
The department has determined that the SDG&E is reasonable, spokesman Oscar
Hidalgo said Monday.

??How the rate hike will be distributed has not yet been determined, Hidalgo
said. Under California law, residential customers will not see any rate
increase
for using up to 130 percent of their baseline amounts. Low-income households
also are exempt.

GRAPHIC: AP Photos

LOAD-DATE: June 12, 2001


You're welcome.  I hope all is going well with you.

 -----Original Message-----
From: 	"Dailey, Karla" <karla_dailey@city.palo-alto.ca.us>@ENRON
Sent:	Friday, November 02, 2001 11:48 AM
To:	Ward, Kim S (Houston)
Subject:	RE: New confirms

Sorrry - yes I did get them.  Thanks so much.

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, November 01, 2001 6:40 AM
To: karla_dailey@city.palo-alto.ca.us
Subject: RE: New confirms

Karla,

Have you received these confirms yet?  Please let me know.

thanks,

Kim

 -----Original Message-----
From:     "Dailey, Karla" <karla_dailey@city.palo-alto.ca.us>@ENRON
Sent:     Monday, October 29, 2001 2:16 PM
To:       Ward, Kim S (Houston)
Subject:  RE: New confirms

In June 02 we should have sold to you 1487 MMBtu/day at CG instead of 1750
and in July 02 we should have sold you 1530 MMBtu/day at CG instead of
1640.
Thanks.

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Monday, October 29, 2001 10:39 AM
To: karla_dailey@city.palo-alto.ca.us
Subject: RE: New confirms

Please remind me of the exact changes so I can go to my back office.
Things have just been crazy around here so sorry for overlooking this.  '

Thanks,

Kim

 -----Original Message-----
From:     "Dailey, Karla" <karla_dailey@city.palo-alto.ca.us>@ENRON
Sent:     Monday, October 29, 2001 11:48 AM
To:       Ward, Kim S (Houston)
Subject:  New confirms

Do you need something from me in order to redo those confirms we talked
about?

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


-----Original Message-----
From: 	Matthews, Ron
Sent:	Monday, November 26, 2001 3:44 PM
To:	Watson, Kimberly; Abdmoulaie, Mansoor
Subject:	Questar - Blanco Hub Schematic

Attached is a schematic showing the proposed location of the Questar Southern Trails interconnect.

Ron Matthews


I should be in the office after 1100 on Friday.  Are you available?

Kay

	From:  Ben F Jacoby @ ECT                           09/12/2000 07:15 PM

Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON, Sheila Tweed/HOU/ECT@ECT
cc:

Subject: Re: ESA equipment purchase

My revisions. Let's discuss at your earliest convenience.

Ben

	From:  Kay Mann @ ENRON                           09/08/2000 01:48 PM

To: Ben Jacoby/HOU/ECT@ECT
cc:
Subject: ESA equipment purchase

Ben,

Here's a draft of an MOU for the sale of the LMs and ABB equipment to ESA.
One issue is when this transaction can close.  Since the equipment is owned
by WestLB and since the feeling is we don't want to involve WestLB in the
transaction, the actual transfer would take place at the termination of the
WestLB facility.  If another approach is preferred, we will need to circle
back with Lisa.

A second issue I see is with the concept that GE will need to look to both
ENA (or WestLB's successor) for some of the payments, but look to ESA for
payment for changes, storage, etc.  As far as I know, this concept hasn't
been addressed with GE.

I re-calculated the overhead charge, so you might want to check it out.

I look forward to your comments.

Kay


The attached file is an update to the original one sent on Friday with our May
daily volume requirements.   Please refer to the "comments" worksheet and the
comments dated 4/24/00 for differences between this version and the original.
Please let me know if you have questions, problems, etc.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Req2.xls


I have nothing but the counterparty's request for assignment.


Per my conversation with Frank, this counterparty wants to trade weather
online.  However, they have the old style ERMS Master in place which only
covers energy commodities.  I spoke to Scott Tackett on the Confirm Desk, and
he is going to add language to the confirm that puts the trades under the
master agreement.   I also spoke to Tanya Rohauer in Credit and she is going
to move this counterparty up on the list for an ISDA replacement master.

So, they are OK to open for weather.


Thanks for the info.

	Mary Ogden
	05/11/2000 02:20 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Eric Gillaspie/HOU/ECT@ECT
		 Subject: Enron Compression Services Company

Dear Gerald:

Today I received information indicating that effective April 28, 2000, Enron
Compression Services Company received authorization to do business in Iowa.

I've put the relevant documentation in the file.

MCO


____________________________________________
  Enron Net Works Ventures Portfolio News
_______________________________________

Computerworld Honors Acta Technology in Annual 'Top 100 Emerging Companies to
Watch'; Industry Publication Recognizes Leader in B2B Data Integration
?
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Dec. 4, 2000--Acta Technology, Inc.,
the leader in business-to-business (B2B) data integration, has been selected
as one of Computerworld's "Top 100 Emerging Companies to Watch," the
magazine's annual review of new leaders in high technology. The magazine has
selected Acta as a winner in the highly-competitive eCommerce category, which
includes other leading B2B software companies such as Blue Martini (Nasdaq:
BLUE), Saga Software (NYSE: AGS), and Ventro (Nasdaq: VNTR).
"We are honored to be included in this year's list of emerging companies,"
said Acta CEO Carol Mills Baldwin. "B2B data integration is emerging as a
must-have technology for businesses around the globe. Recognition for this
technology in Computerworld is further validation of the category we have
created."
B2B data integration resolves one of the principle issues in eBusiness today:
that back-office systems were not designed to meet the data demands of B2B
eCommerce and analytic solutions. Those demands include speed, scalability,
and access to both the real-time and historical data locked away in multiple
back-office systems. By staging real-time and historical data from multiple
systems in data caches, the Acta eCommerce Data Platform allows companies to
deliver the data that is needed, when it is needed, both inside and outside
the enterprise.
Industry analysts have sized the data integration market at $15B (cumulative)
by 2005-driven by the need to provide information-rich data to partners,
suppliers and customers for collaborative computing.
With over 160 customers worldwide, Acta is well-poised to continue leading
the growing B2B data integration market. In the past year, Acta has also won
honors from Upside Magazine (Hot 100 private companies), DM Review (Winner,
World Class Solutions) eWeek (Best Practices Award-B2B Category, Finalist),
and Intelligent Enterprise (RealWare Awards-B2B Category, Finalist).
__________________________________________________

Other Venture News
____________________________________________________

o Sun Buys Storage Firm HighGround For $400 Million

PALO ALTO, Calif. -- Sun Microsystems announced
it is acquiring HighGround Systems, a developer
of storage resource management software, in a stock-for-stock
transaction valued at approximately $400 million.
The acquisition is expected to close in the third
quarter of 2001. Following completion of the acquisition,
HighGround will become part of Sun's Network Storage
organization, which reports to executive vice president
Janpieter Scheerder. Last December, HighGround raised
$30 million in a mezzanine round of financing led
by Compaq Computer. Centennial Funds, Eagan Managed
Capital, Highland Capital Partners, Sequel Venture
Partners, and Venrock Associates were also investors
in the company.
http://www.sun.com/
http://www.highground.com/
_____________________________________________

o Partech Int'l Raises $500 Million, Adds Two Partners

SAN FRANCISCO -- Partech International, a venture
capital firm that provides financing for start-up
and emerging growth companies in the United States
and Europe, said it has raised a new $500 million
fund. The firm said the new fund consists of $300
million in Partech International Venture IV, an
early stage investment vehicle, and $200 million
in Partech International Growth Funds, which is
focused on expansion and later stage investments.
In related developments, the company said it has
added two new general partners, Nicolas El Baze
and David Welsh, to its team. Mr. El Baze was previously
a venture partner with Partech and a co-founder
of several start-ups, including Software International,
which was acquired by Microsoft.  Mr. Welsh joins
Partech from Portal Software, a provider of infrastructure
software to the communications industry.
http://www.partechintl.com/
_____________________________________________

o Digital Rights Firm Elisar Gets $2 Million in Seed Funds

ALBUQUERQUE, N.M. -- Elisar Software, a provider
of online digital rights management and digital
content protection technology, said it received
$2 million in seed funding. Murphree Venture Partners
led the round, which also included Telecommunications
Development Fund. The funds will support sales,
marketing, and research and development for the
company's digital rights management software product.
http://www.elisar.com/
_____________________________________________

o Facility Management Firm Avista Advantage Has Series A Round

SPOKANE, Wash. -- Avista Advantage, a subsidiary
of publicly traded Avista and a provider of Internet-based
facility management, bill consolidaton, and payment
services, said it closed a Series A round with investments
from WS Investment Company and Cascade Investment.
EnerTech Capital Partners led the round. The company
said it will use the funding to refine, expand and
market Avista Advantage's suite of facility-cost-management
service offerings. The amount of the investments
was not disclosed.
http://www.avistaadvantage.com/
_____________________________________________

o Training App Firm Knowledge Planet in $47 Million Round Two

RESTON, Va. -- Knowledge Planet, a Web-based corporate
training applications provider, said it has raised
$47 million in its second round of financing. GE
Equity and DHM Arcadia Partners co-led the round.
Backers included First Union Capital Partners and
AIG Horizon Partners . Previous investors HarbourVest
Partners and Knowledge Universe also participated
in the round. The company said it will use the funds
to increase sales and marketing and for international
expansion.
http://www.knowledgeplanet.com/
_____________________________________________

o Data Storage Firm Xdrive Raises $50 Million in Series D

SANTA MONICA, Calif. -- Xdrive Technologies, a business
database management applications and online data
storage firm, said it has raised $50 million in
its Series D round of financing. Strategic partners
and investors that participated in the round include
StorageNetworks, Network Appliance, Aether Systems,
Mitsubishi, NEC, Pilot House Associates, and Softbank.
Previous investors, including Goldman Sachs Group,
Wit SoundView Ventures, and J. & W. Seligman & Co.,
also participated. The company said it will use
the funds to continue developing its new products,
Xdrive Enterprise and Xdrive Express.
http://www.xdrive.com/
_____________________________________________

o EC Company Changes Name to ADX, Advanced Data Exchange

NEWARK, Calif. -- The EC Company, which hosts applications
for Internet business suppliers, said it has changed
its name to ADX, Advanced Data Exchange, to better
position itself in the Internet business-to-business
industry. The company has strategic partnerships
with over 150 companies including Ace Hardware,
Pacific Gas and Electric Company, and Newark Electronics.
ADX is backed by several venture firms including
Talkot Capital, Wasserstein Adelson Ventures, Invemed
Associates, and iCentennial Investments.
http://www.adx.com/
_____________________________________________

o Transport B2B Tradiant Partners with Nine Ocean Carriers

ALAMEDA, Calif. -- Tradiant, a provider of Internet
business-to-business technology and services for
the transportation industry, said it will join with
nine ocean carriers in a partnership that aims to
enable importers and exporters to simplify the process
of containerized transportation. The  multi-million
dollar partnership will launch a new initiative
(currently code-named Global Transportation Network,
or GTN) early in the first quarter of 2001. The
technology platform will facilitate transactions
between the various parties involved in international
trade. The financial terms of the deal were not
disclosed. Carriers in the partnership will receive
an equity stake in the company. These partners include
APL; CP Ships, the container shipping business of
Canadian Pacific Limited, which includes ANZDL,
Canada Maritime, Cast, Contship Containerlines,
Lykes Lines and TMM Lines; Hanjin; Hyundai; K Line;
Mitsui OSK Lines; Senator Lines; Yang Ming; and
Zim Israel Navigation Co. GTN will use Tradiant's
e-commerce platform, which includes booking, track
and trace, and scheduling capabilities. GTN will
provide extended capabilities tailored for shippers
and carriers, including rate and contract management,
cargo forecasting and allocation. Customers include
merchant importers, exporters, freight forwarders,
third party logistics (3PL) providers, and carriers
of commercial freight. Tradiant's investors include
Warburg Pincus, ABN AMRO Private Equity, BEA Systems,
Itochu Corporation, and The Megunticook Fund.
http://www.tradiant.com/

______________________________________________________

o Intel Communications Fund Grows Fund By $300 Million

HILLSBORO, Ore. -- Intel Communications Fund, a
$200 million corporate venture-capital program,
said it is increasing the size of its fund by $300
million.  A company spokesman said the fund, managed
by Intel Capital, will include a special focus on
wireless businesses. The initial program was created
September 1999 to invest in technology startups
in the networking and communications field. The
company is expected to announce additional details
of the fund at the Telecom 2000 conference, now
underway in Hong Kong.
http://www.intel.com/


Mike, Any thoughts?

Vince
 -----Original Message-----
From: 	Vince J Kaminski
Sent:	Monday, May 07, 2001 5:12 PM
To:	Mike A Roberts
Cc:	Vince J Kaminski
Subject:	Tony Hamilton

Mike,

What do you think? I see pro's and con's.
The argument against is that during PRCs people comment
positively or negatively about a person and this is how
the word is spread about an employee.
Tony  could benefit from being in a London PRC.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 05/07/2001 12:10 PM ---------------------------
From:	Anne Labbe/ENRON@enronXgate on 05/07/2001 11:22 AM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:	Tony Hamilton

Vince,

Would you like to review Tony Hamilton in your PRC meeting?  Currently he is not in our PEP system since he is on the London Payroll, but I can add him with no trouble at all.

Thanks,
Anne


Charles Schwab & Co., Inc.

Internet Daily for Monday, May 21, 2001
by Frank Barnako CBS MarketWatch.com

-----------------------------------------------------------------
Microsoft releases new MSN software

Microsoft officially released the latest upgrade to its free Web
browser on Monday. Similar in design to the home page of AOL Time
Warner's proprietary service, MSN Explorer seeks to keep users
tied to the company's Web properties. The colorful,
consumer-friendly interface of MSN Explorer includes links to
free e-mail, instant messaging, a built-in media player and
search services. Versions of the software will be available in 30
international markets by the end of the year, the company said.

-----------------------------------------------------------------
Amazon to outsource book deliveries

Amazon.com is expected to ask privately held Ingram Book Co. to
mail books directly to customers. The step would be part of the
company's wide-ranging efforts to reduce costs. "You won't be
able to tell if a book is sent from our center in Fernley, Nev.,
or Ingram, in Laverne, Tenn.," Amazon Vice President Lyn Blake
told the New York Times. The company is also reportedly
considering hiring an outside firm to retrieve expensive
electronics items being returned by customers, to eliminate
confusion about whether all parts and manuals were shipped back.

-----------------------------------------------------------------
NBC trivia contest links to Web pages

Participants in an NBC-TV contest next month will know it's time
to play when their computer opens a Web page. The promotion will
use technology from Digital Convergence Television, called CueTV.
The companies said "this allows a television to become a remote
control for a computer." It works by sending an audio tone to a
PC, which launches a Web page related to what is being watched.
The free CueTV kit, containing a cable and software, will be
distributed exclusively at more than 7,000 RadioShack stores
starting Thursday. The first use will be promoting NBCIQ, a
trivia game testing viewers' knowledge of NBC programs. Later
this summer, NBC said it will expand its use of the technology.
For example, while watching a news program, viewers' Web browsers
could launch pages with further information about a news
segment.

-----------------------------------------------------------------
Youbet.com adds tracks in Gemstar deal

Youbet.com, which runs an online horse-race betting site, said it
will be able to offer bettors access to 20 major tracks,
including Churchill Downs, under terms of a partnership with
Gemstar-TV Guide . TV Guide operates a horse racing cable TV
channel. Under the deal, which could also lead to Gemstar buying
the Web company, TV Guide gets access to Youbet.com's technology
and a share in its revenue from wagering, while Youbet.com gets
content from TV Guide's tracks, in addition to those it already
has, The Wall Street Journal reported. "The biggest reason
subscribers canceled with us or did not sign up is that we have
not had the major track content," Youbet.com Chief Executive
Robert Fell told the Journal.

-----------------------------------------------------------------
VeriSign will honor business trademarks

VeriSign Inc. said Monday it will respect a company's registered
or common law trademark rights when assigning Web addresses using
the new ".biz" extension. The first applications for
registrations for the new domain will be accepted in July, by
NeuLevel Inc. VeriSign said trademark holders will be able to
file claim forms for a fee of $89.

-----------------------------------------------------------------
Deals of the day

Egghead.com Inc. announced that it sold the remainder of its
interest in Onsale Japan K.K., its Japan-based joint venture with
Softbank Corp., to Onsale Japan. As part of the deal, Softbank is
forgiving a long-term $2 million loan to Egghead. "We are pleased
with this transaction, as it further strengthens our balance
sheet by eliminating our long-term debt," said Mark Shepherd,
senior vice president and CFO of Egghead.com.

NewsStand Inc. announced it will handle digital distribution
services for Harvard Business School Publishing. Subscriptions
and single-copy sales of the Harvard Business Review will become
available next month, the companies said. Pricing has not yet
been announced. According to the Audit Bureau of Circulations,
sales of publications through NewsStand Inc. can be reported as
paid circulation.

-----------------------------------------------------------------

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Distribution by Quris, Inc.


Her name is Lucinda.  Can't remember her husbands name, but I call him Lucinda's husband.  The number is 713-697-1626.  In case that doesn't work, her husband's work number is 281-970-2020.  I pay her $50 every time she comes, which is every two weeks.  She does it all.  Mops, vacuums, dusts, washes dishes, cleans bathrooms and kitchen, she also washes my clothes, bed sheets, and towels.   They do speak very little English.  Her husband speaks better, but they may have you speak with their son, unless you want to use your Spanish and pretend you are back in Madrid.  Use my name.  If she has availability, her and her husband will come out to the house and take a look.  You can go over with her what you want done and then agree on the price.  I give her a key to my house and she comes when I am not there. A lot of people I know use her and she is trustworthy.  Feel free to ask if you have questions.

G

 -----Original Message-----
From: 	jennifer-gillaspie@reliantenergy.com@ENRON
Sent:	Tuesday, October 30, 2001 4:31 PM
To:	Nemec, Gerald
Subject:	RE: Help! My house is a mess.

Thanks, G. I'll talk to you tomorrow then. Also, let me know what all she
does for you. You pay $50 per cleaning, don't you? Thanks! We will have to
get together this weekend.

                    Gerald.Nemec@
                    enron.com            To:     jennifer-gillaspie@reliantenergy.com
                                         cc:
                    10/30/01             Subject:     RE: Help! My house is a mess.
                    04:12 PM

Hey Jen,  The number is at the house.  I will send it to you tomorrow.  The
GK was fun.  We went to another similar type place called the Marquis II.
They were both pretty cool.  Kinda of dives.  I was pretty polluted by the
end of the night.  No game this weekend.  We'll have to grab beers again.
Later.

    -----Original Message-----
   From:   jennifer-gillaspie@reliantenergy.com@ENRON
   Sent:   Tuesday, October 30, 2001 11:05 AM
   To:     Nemec, Gerald
   Subject:  Help! My house is a mess.

   Gerald, could you give me the name and phone number of the woman who
   cleans
   your house? We're going to hire her if she's available. Sorry we didn't
   show up at the GK. Eric was lame and wanted to go home. Was it fun? Do
   you
   have a football game to go to this weekend? Talk to you soon.

   jenn

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate
and may contain confidential and privileged material for the sole use of
the intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or
reply to Enron Corp. at enron.messaging.administration@enron.com and delete
all copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Gentlemen,

I wanted to clarify the length of the outage that started today at the
Cleburne site.

The earliest the plant will be on-line is Wednesday morning. If anything is
found beyond a cracked transition piece or clogged fuel nozzle then it may
extend the outage a few days. As soon as I hear something I will let you know.

Michael


Hi there.

This is the letter Hancock is willing to give us in exchange for Hancock
getting a security interest in the escrow account. Any comments?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/24/2001 07:00
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/24/2001 01:47:09 AM
To: "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "Kay Mann (E-mail)"
<kay.mann@enron.com>
cc: "Gregory F. Lang (E-mail)" <gregorylang@paulhastings.com>, "Jack Wallace
(E-mail)" <jwallace@jhancock.com>, "Amy Weed (E-mail)" <aweed@jhancock.com>,
"John Anderson (E-mail)" <jcsanderson@jhancock.com>, "BURKE, Ted (TDB)"
<ted.burke@freshfields.com>

Subject: Pegasus - ENA Entitlement Letter

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

Further to our email earlier today, please find attached a revised draft of
the entitlement letter, reflecting the comments of the noteholders.

Kind regards
Isabel

 - COMPARE001.DOC
 - NY003701393.DOC


Just a reminder that the next Fulbright & Jaworski breakfast seminar is on
Thursday, Dec. 14. The topic is "Intellectual Property Strategies in the
E-Commerce Frontier."


Sorry for the delay in getting back to you .  My mom had some surgery last
week and I was in and out of the office.  Thursday the 21st is not good for
me.
Kenny is going hunting (birds)  and I will need to be available for the
children.  Let me know if there is another evening that will work>


Below are some notes taken while conversing with several TW customers on the
various reasons prices have risen so dramatically out West.

El Paso line 1103 is still out of service from the August 2000 explosion.
The remaining 2 lines are still operating at reduced flow levels taking
200-300,000/d capacity off the market.

Storage levels in California were low to begin with.  With several coal and
nuclear generation plants off-line (unplanned outages), the gas-burning
generators have been running all out.

Northwest Pipeline has instituted several OFO's this month requiring shippers
not to overpull the pipeline.  Penalty gas was selling for $22.00/MMBtu.

Beginning in November, SoCal Gas instituted its 5-day balancing requirement.
This was not an unplanned event in the marketplace, however, it seems several
entities were caught short early in the month and still haven't caught up.

LDC's east of California have experienced some dramatic weather but not
severe.  They have been impacted more by firm demand to California knocking
off IT and Alternate Firm supply destined for points east of California.
SouthWest Gas has several alternate supply contracts with these LDC's and is
collecting 150% of the market price from these LDC's by using SWG's full
requirements contract on El Paso.

In addition, we now believe SoCal Gas is playing some storage games with the
interstate pipes.  SoCal lowered their window on us for tomorrow to 580,000
down from 750,000 due to "lower projected gas demand".  Sempra, Reliant,
Dynegy, and Texaco are calling foul.  The thought is SoCal demand may be
falling but instead of taking excess gas to replenish storage, SoCal is
preventing higher-priced gas from reaching storage.


Mike,

Do you or anyone else in your group get broker quotes on a daily basis to help set the curves?  If so, is there a spreadsheet kept with them that I can get?

Thanks

Kam


Mark Whitt asked if you could review the attached letter so that we can get
this out to Thermo today.  Thanks for your help and let me know if you have
any questions.  We send this letter out to him each year.


good morning baby

tee time on sat is 8 am so i should be done in time to go by 2 to the furniture store ok

anything i can do for you today ?

dq

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Tuesday, July 31, 2001 5:27 PM
To:	Quigley, Dutch
Subject:	Re: upgrades

Spoke to Sue Marsh and got closer estimates on some of the upgrades and updated your worksheet
I also corrected the base sales price- you had it $10k too high
love you
kq
 << File: upgrades.xls >>

From:	Dutch Quigley/ENRON@enronXgate on 07/31/2001 11:47 AM
To:	Kay Quigley/HOU/EES@EES
cc:
Subject:	upgrades

Kay

When you have time please go through the spread sheet and add upgrades or alter the prices to what you think

ILY

dq

 << File: house upgrades.xls >>


Volume management was wondering if deals 137870 and 235670 needed to be
extended into 2001.  These are deals with Teco.  Let me know if you need me
to extend them.


Kay:

Here is the information on the charity golf outing we discussed.  Check out
sarahssoldiers.com for more information on Sarah and the efforts to help
her.

Attached at the bottom of this email is a pledge form.

Thanks for your support in this good cause.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 04/12/2001 03:54 PM
---------------------------

Stephen Morse@ENRON COMMUNICATIONS on 04/12/2001 03:00:16 PM
To:

Enron Golfers:

Hey guys, Sarah Edwards is a friend of a friend's daughter who desperately
needs help to stay alive and all you duffers out there can help:

The 100 holes for golf for Sarah Edwards will be Monday June 4 at
Sweetwater CC. Sarah needs a lung transplant and
approximately $150,000 of the costs are not covered by insurance or
medicaid.

For more info on Sarah, visit Sarahssoldiers.com

Here is how the 100 holes for golf works:

*Free golf at Sweetwater
*You play as many holes as you can (100 is not mandatory)
* We provide your lunch, drinks and snacks
* You get pledges from your friends to play
*pledges may be flat amounts, per hole, per birdie or per eagle

Lets all keep Sarah alive! Can I get some other tentative commitments?

thanks!

Steve

Steve Morse
Enron Broadband Services
713-853-7137-work
713-569-7912-cell
email:  stephen_morse@enron.net

 - pledge.doc


Jackie,

What does MOPS show for the days in question?  It would be incorrect to add
any days to the Adonis ticket mentioned below.  It sounds as if the meter was
allocated incorrectly in POPS and/or a deal was not pathed correctly in
MOPS.  Let me know what you find in MOPS.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 08/23/2000
12:54 PM ---------------------------

	Enron North America Corp.

	From:  Gary W Lamphier                           08/22/2000 02:51 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 984132 for 1/16/99

---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 08/22/2000
02:51 PM ---------------------------

	From:  Sherlyn Schumack                           08/22/2000 02:07 PM

To: Jackie Young/HOU/ECT@ECT, Karen Lindley/Corp/Enron@ENRON
cc: Gary W Lamphier/HOU/ECT@ECT
Subject: Meter 984132 for 1/16/99

Here is the issue for 1/16/99 at meter 984132.

20,000 mmbtu were confirmed for Adonis in POPS.   10,000 mmbtu on day 5 and
day 16.   Day 16 is not valid for deal 51862 (track id 6155), which is where
10,000 was confirmed.   The  actual sale to Adonis was 10,000 which was
invoiced and paid by Adonis.  We are trying to clear the feedback error
report.   My question is why was 10,000 confirmed on 1/16/99 if the date is
not valid for the deal?

When Karen allocates the actual 10,000 it is prorating 5,000 for each day
that is confirmed (the 5th and 16th).

Should the whole 10,000 be allocated to the 5th or should 5,000 be allocated
to each day?   If 5,000 should be allocated to each day, the 16th needs to be
added to the deal.


Subject: Henry Ford and God

Henry Ford dies and goes to heaven. At the Gates, St. Peter greets Ford and
tells him, "Well, you've been such a good guy, and your
invention...the assembly line for the automobile...changed the world. As a
reward, you can hang out with anyone in Heaven you want."

Ford thinks about it, and says, - "I want to hang out with God Himself."

So the befuddled St. Peter takes Ford to the Throne Room, and introduces him
to God. Ford then asks God, - "When you invented Woman, what were you
thinking?"

God asks, "What do you mean?"
"Well," says Ford, "You have some major design flaws in your invention:
1. There's too much front end protrusion.
2. It chatters way too much at high speeds.
3. Maintenance is extremely high.
4. It constantly needs repainting and refinishing.
5. Every 28 days it leaks fluid and is rendered out of service.
6. The rear end wobbles too much.
7. The intake is placed too close to the exhaust.
8. The headlights are usually too small.
9. Fuel consumption is outrageous.

"Hummmm," replies God, "hold on a minute." God goes over to the
Celestial Supercomputer, types in a few keystrokes, and waits for the
results. In no time the computer prints out a report, and God reads it.
God then turns to Ford, and says, "It may be that my invention is
flawed, but according to these statistics, more men are riding my
invention than yours.


The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=10/24/2001>, published as of 10/24/2001 is now available for viewing on the website.

Publisher's Notes:

PRELIMINARY


I am helping Bob Frank prepare an oeuvre on DG for several states, and of
course, the land of fruit and nuts is number one on the list.   I didn't want
to bother you, but I was not able to get much off the California website, so
can you look over this attachment and see if you have anything to add.  The
categories are General Rules and Current Regulatory Activity, Incentives
(Stacy Bolton got those), Interconnection, Standby Service (Lynette is
getting), Exit Fees and Siting and Permits.  I would think net metering is
also relevant, although Bob did not identify that.

I thank you for anything you can give me.


Attached is the latest draft for review.  We plan on convening and 8 am
central time to review and finalize.


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(See attached file: rigs051101.PDF)

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 - rigs051101.PDF


Mike Tierney from Sempra asks a question about perfecting a security interest
under the EEI contract.  Can any of you give me an answer for him?  Thanks.
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From: "Tierney, Michael C." <MTierney@sempra.com>
To: "'Katz, Andrew (EEI)'" <akatz@eei.org>
Subject: FW: EEI PPA
Date: Wed, 2 May 2001 17:40:38 -0700
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Attached is a copy of section 8.3 from the EEI agreement.? I'm told that to
get the security interest created by this section, a party would have to
perfect their interest by making a UCC filing in a variety of states.?

Are people doing this?

Michael C. Tierney
Sempra Energy
Law Department
101 Ash Street HQ11A
San Diego, CA 92101-3017
w.619-699-5033/fax.619-699-5189
e-mail:? mtierney@sempra.com

?

 <<Doc5.doc>>
 - Doc5.doc


Geoff,

You have very beautiful daughters. You must be a very proud father.

I shall try to attend a few sessions of the CERA conference. You can also
call me when you are in Houston and we can meet for dinner and/or drinks.

Vince

"Lubbock, Geoffrey" <Geoffrey_Lubbock@nstaronline.com> on 01/29/2001 11:49:52
AM
To: "Vincent Kaminski (E-mail)" <vkamins@enron.com>
cc:
Subject: All best wishes for 2001

Vince
Loved talking with you
I'll be at the CERA conference in Houston Feb 12 through Feb 16
If I could manage to see you then I would enjoy it vey much
Geoff
 <<XMAS2000.pdf>>
PS it took me hours to produce the card which is hot off the press.
Best wishes for health wealth and happiness for you and your family in 2001

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how low can it go??yikes our stock
Spoke to Linda's assistant today and told her we wanted
to know what rent was running for the other similar townhouses
and also what a purchase price would be- she does not know and said that she gave
Linda my message from last time as well as this time but that she is
not taking any calls....
this is the best I can do...
ily
kq