calendar
---------------------- Forwarded by Steven J Kean/NA/Enron on 04/17/2001
04:17 PM ---------------------------

Kelly Johnson
04/16/2001 04:19 PM
To: Steven J Kean/NA/Enron@Enron, Mary Joyce/Enron@EnronXGate
cc: Maureen McVicker/NA/Enron@Enron, Teresa Wright/Enron@EnronXGate

Subject: Comp Committee Meeting - April 30th


----- Forwarded by Jeff Dasovich/NA/Enron on 02/15/2001 08:06 AM -----

	Scott Govenar <sgovenar@govadv.com>
	02/14/2001 03:37 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "ryang@enron.com"
<ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>, "vsharp@enron.com"
<vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: DA Coalition

Attached, please find message points from the direct access coalition.

 - dacoalition.summary.doc


Please see the attached memorandum.


Yeah, give me a call.  I'm headed home to do GMAT homework.

Gabriel Monroy
02/05/2001 05:18 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Re: did you hear?

Yes, Do you want me to call you after French so you can tell me all about it?


Thank you, Evelyn. I've back-dated Deal #456173 to 11/9. Let me know if
there's anything else I can do.

Kate

Evelyn Metoyer@ENRON
11/13/2000 08:15 AM
To: Carla Hoffman/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Missing Deal?

Sorry...
the deal number to be backdated is 456173

---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 11/13/2000
10:13 AM ---------------------------

Evelyn Metoyer
11/13/2000 10:13 AM
To: Carla Hoffman/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: Missing Deal?

Can you please back date deal  to 11/09-00
 I spoke with PGET and they recognize this deal as brokered through Prebon
also.  I am still waiting for Prebon to claim the deal.

Carla Hoffman@ECT
11/10/2000 03:08 PM
To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: Missing Deal?

Sean is entering the first deal as we speak. I will let you know as soon as
we have a deal number.

Sean said he is sure the second deal was done through Prebon. No one is there
right now, but he will double-check with them. Again, I will let you know as
soon as we confirm this.

Thanks,
Kate

Evelyn Metoyer@ENRON
11/10/2000 01:06 PM
To: Carla Hoffman/PDX/ECT@ECT
cc:
Subject: Missing Deal?

ISSUE 1
Prebon sent over a confirm for a deal traded 11-9-00 where:
Sean Crandall sells SCEM Dec'00 COB at $107.00 25 mw
I did not confirm this deal with them and I don't see it in the system.

ISSUE 2
Prebon is just now claiming  that they did not do this deal from 11/7/00.
Can you please check Sean or Dianna book because I have it checked as
verballed but now they are saying it is not there deal.:
Enron (Sean Crandal) buys from PGET 25 mw of NP-15 for 11/10-11/30 at $95.00


I just approved the 13th and 14th.

DG

From: Richard Tomaski@ENRON on 02/15/2001 09:50 AM
To: Anita Luong/HOU/ECT@ECT
cc: Darron C Giron/HOU/ECT@ECT, Kevin P Radous/Corp/Enron@Enron
Subject: Re: Prelim Enovate DPR for 2/14/2001

Did you ever send out the DPR for Feb 13th?


On the list for 3/20/00, the only counterparty I am responding for is
Carthage Energy.  Eventually I will be making the Australian responses, but
we are not there yet.

On the 3/21/00 list, National Energy was amended, and I had no changes to my
previous approvals.  Western Resources is an amended counterparty and I am
opening them up for all financial and power.


Short meeting to discuss ETS Finance organization


fyi
Lisa J. Mellencamp
Enron North America Corp. - Legal
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393
E-mail:  Lisa.Mellencamp@enron.com
----- Forwarded by Lisa Mellencamp/HOU/ECT on 05/09/2001 04:04 PM -----

	Charles Ward@ENRON
	05/09/2001 02:11 PM

		 To: Jeff Donahue/Enron Communications@Enron Communications, Stephen D
Douglas/NA/Enron, Morris Richard Clark/Enron@EnronXGate, Todd
Busby/NA/Enron@Enron, Lisa Mellencamp/HOU/ECT@ECT, Timothy J Detmering/HOU/ECT
		 cc:
		 Subject: Tax discussion on Sithe treatment of structure

Stephen has requested a meeting to discuss this matter as he has some serious
concerns about Sithe's treatment and future ramifications.  The only mutual
Stephen and Jeff time is Monday from 1-2pm in Jeff's office.  See you then.
Chuck


So, I guess we will plan on meeting at Kenneally's on Friday after work (say
4:30 - 5).

Tim - let me know if you want me to invite anyone else.


Worse, there was no attachment in Rick's note.  Could you forward to me the final.  Thanks a gazillon.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 07/10/2001 04:14 PM -----

	Jeff Dasovich Sent by: Jeff Dasovich 07/10/2001 04:10 PM 	  To: dhunter@s-k-w.com  cc:   Subject: RE: Final Legislative Language

FYI.  Something's wacky with your server.  I got Rick's note, but ain't received your original.  And you are, indeed, awesome, MRS. Hunter.

Best,
Jeff

<Embedded StdOleLink>


Attached below are two seperate Credit Worksheets for the subject
counterparties.  Both requests are from Caroline Abramo who trades in New
York and Houston (You can reach her at 212-702-3910 or x3-6619).  She will be
visiting the counterparties soon and would like to have sent them the
documents within the month.

Thanks,

Veronica Espinoza
x6-6002


Quantity Limits- For SCE and PG&E, previously approved BFM limitations are
the following:
SCE
Limits for BFM products including retail energy transactions, and daily and
balance of the month BFM products:
Retail Energy markets are limited at SCE's net short position which is a
maximum of
 Q1: 2,200 MW, Q2 2,200 MW, Q3: 5,200 MW, Q4: 3,000 MW
Participation ion daily and balance of the month BFM products are limited to
amounts above 1,000 MW SCE's net short position.

PG&E
Limits for BFM products including retail energy transactions, and daily and
balance of the month BFM products:
Retail Energy markets are limited at PG&E's net short position which is not
disclosed. However it is reasonable to assume that it is at least 3,000 MW
for the summer quarters given that PG&E had previously filed asking for a
limit of 3,000 MW.
 Participation in daily and balance of the month BFM products are limited to
amounts above 1,000 MW PG&E's net short position.

SDG&E BFM limits approved in Advice Letter 1234-E
Monthly and Quarterly Forward Market:  1900 MW July-September, 1700 MW all
other months
Daily and Balance of Month quantities will not exceed 1000 MW more than the
limits in the forward markets
Ancillary Services  will not exceed 90% of SDG&E's forecast ancillary
services for the month or the quarter.
SDG&E's limits are ultimately limited to the load to customers under 20 kW.

---------------------- Forwarded by Bruno Gaillard/SFO/EES on 08/04/2000
04:13 PM ---------------------------

Bruno Gaillard
08/03/2000 06:39 PM
To: David Parquet/SF/ECT@ECT, Tim Belden/HOU/ECT@ECT, Robert
Badeer/HOU/ECT@ECT, Jake Thomas/HOU/ECT@ECT, Michael McDonald/SF/ECT@ECT,
Greg Wolfe/HOU/ECT@ECT, Mona L Petrochko/SFO/EES@EES, Jeff
Dasovich/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES,
Sandra McCubbin/SFO/EES@EES, Roger Yang/SFO/EES@EES, Dennis
Benevides/HOU/EES@EES
cc:
Subject: Bilateral Contracts for SCE, PG&E and SDG&E

Both SCE and PG&E have been authorized to purchase energy, capacity, and
ancillary services through bilateral contracts.
Quantities are limited to previously authorized limits in the forward market
(the PX Block Forward Markets)
The contracts must expire on or before 12/31/05.
For both PG&E and SCE, these contracts will be subject to limited
reasonableness review.
PG&E will not be allowed to enter into such contracts after the transition
period ends (3/31/02). The Commission will continue e to oversee the
procurement practices on a quarterly basis.
This was an emergency motion, so it is reasonable to assume that both PG&E
and SCE can enter into such transactions immediately.

SDG&E is authorized to enter into bids for 6*16 delivery period or a 7*24
delivery period for terms of 8/00 through 12/00 or 8/00 through 3/01.
SDG&E will submit bids to buy energy a levelized price for both terms.
SDG&E will bid only for small commercial and residential customers under 20kW
The quantities are limited to the quantities that they had approved in the
BFM participation spelled out in advice letter 1234-E. I do not have a copy
of that advice letter off hand but will provide you with the information
tomorrow.

We will provide you with more details soon.

If you have any questions please do not hesitate to contact me.

Attached are the decision related to the above issues.


Good morning all:

I don't know where this request should go, would you please direct me in
the right direction?

Conference room EB 19C1 has one whole wall that is a white marker board.
We would like to see about having a wall like this installed in 19C2.  Please
let me know the costs and time involved.  Vince Kaminski has approved.

Thanks and have a great day!

Shirley
3-5290


If they can provide me with a city resolution which states they, being city
manager or whom ever has authority  to bind for the muni we will accept
that.  Hope this helps.

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


Amy:

Please book the same room for the same time (3 pm) on July 31 for a follow up
meeting on Wind River.  The invitees will be

Katie Stowers
Joel Ephross
Gerald Nemec
Shonnie Daniel
Audrey Pullen
Dean Henry (BR)
Ann Vaughn (BR)
Sean Bunk (A&K)
Rob Taylor (A&K)

Also set up a conference call number as the folks from A&K and BR will not be
coming over to our office.

Thanks

Ranabir

Amy Cooper@ECT
07/17/2000 09:06 AM
To: seanbunk@andrews-kurth.com, robtaylor@andrews-kurth.com, Shonnie
Daniel/HOU/ECT@ECT, Katie Stowers/HOU/ECT@ECT, Ranabir Dutt/Corp/Enron@Enron
cc:

Subject: Wind River Meeting Today (Monday, July 17)

The new location for the Wind River meeting today at 3:00 p.m. is EB 2853.

Sean and Rob:

 Please go to the Security Desk at the Enron Building, 1400 Smith, and sign
in.  Then go to the 28th floor and I will meet you and take you to the
conference room.  Thank you.

Amy


Had a conversation with Dan Walker, V.P. of Development for the Rocky
Mountain Elk Foundation concerning Enron's future as a partner.  Dan will be
meeting with the CEO of the Foundation to pursue actions towards an Agreement
or MOU between Enron and the RMEF.  Interest has been surprisingly high for
employees within and without GPG expressing a desire to be involved with the
Foundation.

Assisted C/S No. 8, Corona with the development and submittal of the
facility's Title V semi annual report and annual compliance certification
report submittals.

Presented annual pollution prevention training for the Kingman and Flagstaff
teams as required by the State of Arizona for large quantity generators of
hazardous waste.

Received a Compliance Order from the State of New Mexico, Air Quality Bureau,
for an outstanding turbine replacement activity at the P-1 C/S which occurred
in 1996.   Transwestern had met with the AQB over this issue in 1996 and
assumed that the issue had been resolved. The issue in question was
Transwestern's replacement of internal components from a smaller turbine to a
larger turbine, with the internal components of the larger turbine components
(inlet guide vane adjustment and removal of the regenerator) mechanically
adjusted to simulate conditions of the smaller turbine.  When Transwestern
received permit approval from the AQB to operate at the larger turbine
capacity, Transwestern made the upgrade adjustments operable.   Apparently,
EPA has mandated that the AQB act on all issues considered to be outstanding
as determined by the EPA.  Dave Nutt has been sent the Compliance Order to
review.  Under the conditions of the Order, Transwestern has 30 days to
request another hearing.


Dear Alumni,

Please see opportunity for Director, International
Education with IDP Education Australia in Washington, DC.
Interested candidates should e-mail cover letter and resume
by November 30, 2001 to contact listed following job
description.

Thank you.

------------------------------------------------
Industry: 	Nonprofit/Education
Function: 	General Management

Employer: 	IDP Education Australia
Job Title: 	Director, International Education
Job Location:	Washington, DC

Organization Description
IDP Education Australia is Australia's premier
international education organization, owned by Australia's
37 universities and with over 60 offices in more than 30
countries. Its five key activities
include international student services; development
services; assessment and evaluation services;
marketing, research and consultancies; and graduate
services. Its clients include Australian education
institutions and their peak bodies, governments, funding
agencies, overseas education institutions, corporate groups
and professional organizations. Website: www.idp.com

Job Description
IDP is seeking a new Director to restructure and redevelop
its operations in the United States. The focus will be on
increasing student flows between the U.S. and Australia,
mainly through Study Abroad and undergraduate and
postgraduate studies. The position will include: developing
new business models for Study Abroad and postgraduate
specializations; web marketing; information provision;
collaboration and partnership models with other
organizations; and a range of new client-focused services.
The position will involve travel within the U.S. and
internationally.

Qualifications
The successful candidate will have a proven track record at
a senior level in international student recruitment,
business development, marketing and promotion, coupled with
a knowledge of higher education systems. High-level
management, entrepreneurial and communication skills are
essential, as is a proven ability in building organizations
and meeting strategic goals and budget outcomes. A
postgraduate qualification in a relevant field is
desirable.

Compensation
Salary: competitive, DOE. Full benefits package.

To Apply
Application deadline: November 30, 2001. E-mail cover
letter and resume to:

Roseanne McGrath (MNC-715)
Head, Human Resources Branch
IDP Education Australia
E-mail:  idpdirector@tmp.com

This job listing was forwarded under the auspices of The
MBA-Nonprofit Connection
_________________________________________________
MBA Career Management Center
The Anderson School at UCLA
Entrepreneurs Hall, C201
Phone: (310) 825-3325
Email: career.management.center@anderson.ucla.edu
Web: http://www.anderson.ucla.edu


Done.


I'll definitely take the room.  How (and when) do you plan to get there?  Do
you rent a car in DC and drive or fly into Charlottesville?

	"Linda Hayman" <LHAYMAN@skadden.com>
	01/05/2001 10:15 AM

		 To: Mark.Taylor@enron.com
		 cc:
		 Subject: Re: wouldn't you like to see us

Well Charlottesville actually has its own airport (looks a bit like St
Thomas).  But DC is the only other place close by - and then a rental car (or
bus or train).  I have an extra room reserved at Keswick Hall - very
expensive - and at some point I have to release it or pay for it. Check it
out at www.Keswick.com.    Rooms are tight over graduation weekend.

Linda Hayman
Skadden, Arps,Slate, Meagher & Flom, LLP
4 Times Square, 42nd Floor
New York, NY  10036
T:  212-735-2637
F:  917-777-2637

>>> <Mark.Taylor@enron.com> 01/05/01 10:37AM >>>

That's a great idea - I'll see if I can line up a boat - anywhere in
particular you'd like to sail?  (BVI makes sense if there's a newcomer
along.)

Where do you fly into to get to Charlottesville?

                    "Linda
                    Hayman"              To:     Mark.Taylor@enron.com,
AMH5H@SERVER2.MAIL.VIRGINIA.EDU
                    <LHAYMAN@skad        cc:
                    den.com>             Subject:     Re: wouldn't you like
to see us

                    01/04/2001
                    07:20 PM

I can sail anytime - Amanda is a tougher nut to crack.  She graduates on
May 20.  Wanna come to Virginia for graduation and then we could all leave
from there?

Any interest in Barcelona for a long weekend?

>>> <Mark.Taylor@enron.com> 01/04/01 08:03PM >>>

I can't believe you have to change planes in Chicago AND Dallas!  I don't
remember you being that willing to suffer for a cheaper ticket.

Bummer - looks like I'll just have to be the wimp this time.  There's
really no way I can get away next week.  I have heard of las ventanas - but
I didn't know about the evian spritzing.

Maybe next time.  Any more thoughts on a week that works for sailing?  I
could spring for a bottle of evian and a plant mister......

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly
prohibited.  If you have received this e-mail in error, please immediately
notify me at (212) 735-3000 and permanently delete the original and any
copy of any e-mail and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

 - Linda Hayman.vcf


Hi

I really enjoyed playing yesterday -thanks.

Can you hit on Wed. afternoon or Thursday lunch or afternoon?

Talk to you soon


Enron Global Strategic Sourcing (GSS) has entered into an agreement to
utilize United Parcel Service (UPS) as Enron,s preferred carrier for package
delivery.  Through the new agreement, GSS has been able to leverage existing
package delivery spend from all Enron business units worldwide in order to
achieve more aggressive pricing discounts.  Effective immediately, all Enron
business units will be able to realize savings by utilizing the new agreement.

In the next couple weeks, GSS will be distributing more detailed information
regarding additional shipping options, training schedules and package
tracking capabilities available from your desktop. In the meantime, employees
and/or locations who currently utilize &Package and Ship Requests8 may
continue to do so.  Please provide all required information, including RC and
Company Number and identify UPS as the requested carrier.  Other office
locations should continue using their existing procedures, utilizing UPS
whenever possible, to obtain the discounted pricing.

If you have questions or comments about the new agreement, please contact
Randy Lagrimini, GSS contract manager at 713-646-7366 or Verna Molandes, UPS
preferred customer associate at 281-847-6769 or 1-800-432-2877.


We have requested changes at NorthWestern's request.  Please advise if there
are any problems.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/23/2001 03:27
PM ---------------------------

	From:  Chris Booth                           04/23/2001 03:05 PM

To: jeffrey.darst@ps.ge.com
cc: Ben Jacoby/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron

Subject: Change Order 2

Jeff,

Please review the attached change order regarding storage for Unit 1.  I will
call to discuss.

Chris


Chris, you can count me in however, with my wierd work hours I am sure there
will be games that i wont be able to make.  But  count me in and let me know
when you need the money.


I'll draft such a letter and send it to you and Kay for comments

	From:  Ben F Jacoby @ ECT                           05/18/2001 04:27 PM

Sent by: Ben Jacoby@ECT
To: Greg Krause/Corp/Enron@ENRON
cc: Kay Mann/Corp/Enron@Enron

Subject: Re: Draft Letter Agreement between Midway Development Co and FPL re:
interconnection services

Why not simply provide them an authorization letter under our existing study
agreement that allows them to utilize the funds to conduct additional design
work?

Greg Krause@ENRON
05/18/2001 03:54 PM
To: Ben F Jacoby/HOU/ECT@ECT, Steven Rose/ENRON@enronXgate@ENRON@ECT, Raimund
Grube/Corp/Enron@ENRON@ECT
cc:
Subject: Draft Letter Agreement between Midway Development Co and FPL re:
interconection services

Please find attached a draft letter agreement from FPL.  I've taken the
liberty of making changes that I beleive may meet with the accounting
requirements de jour.  Basically we need to throw this letter away and start
over.  The balance of funds left over from the feasibility studies and
facility study for the Midway project is $122,000.  According to Dan Meyers
of FPL, this is about 2 months worth of work.

We can start negotiations on the interconnection agreement any time.  I'd
suggest we start now unless our prospective partner would want to be involved.


Can you print this for me?  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 04/03/2001 09:51 AM
---------------------------

	Enron North America Corp.

	From:  General Announcement @ ENRON                           04/02/2001
11:53 PM

Sent by: General Announcement@ENRON
To: All Enron Worldwide
cc:
Subject: Enron's 2001 Goals

Our vision to become The World's Leading Company positions our company for
great success this year and beyond.  Our success is dependent on execution.
With that in mind, we are making Enron's 2001 corporate and business unit
goals available to employees.

Please take a few minutes to review our 2001 goals on Enron's intranet at
http://172.28.92.190/bowne/    We believe they will help you gain a better
understanding of our vision for the company and will inspire you to identify
innovative ways to help your organization and Enron achieve our objectives.
We have a lot to accomplish this year, and with your hard work and
dedication, we can realize another year of stellar performance.


Chris,

Attached are the prices you requested.  Please let me know if I can help you in any way, as we discussed.

Thanks,

Charlie Weldon


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/08/2000 11:45
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/08/2000 11:34 AM

To: "Leopold, Jason" <Jason.Leopold@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Power Price Cap In Calif Puts Brinksmanship On Grid

17:25 GMT 8 August 2000 =DJ Power Price Cap In Calif Puts Brinksmanship On
Grid

   By Mark Golden
   Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--California's new, lower cap on the price of wholesale
power is intended to bring relief to consumers burned by this summer's
high-flying electricity rates.
But it has also set the stage for a game of chicken between utilities and
power producers - with the operator of the state's power grid caught in the
middle and a major blackout the consequence if both sides hold their course
on a hot day.
By creating incentives for power producers and power buyers to wait on the
sidelines, the price cap has put the California Independent System Operator
in the position of covering much of the state's power demand at the last
minute - something the grid operator was never intended to do.
"It's not designed to handle a third of the load, and it's not designed to
be the arbitrage tool for either those buying electricity or those supplying
it," Jan Smutny-Jones, chairman of the ISO's board of governors, said of the
ISO's real-time power market. "For the ISO to find 15,000 MW of power on any
given day is a huge undertaking that puts a tremendous amount of pressure on
the real-time operation of the grid. We're going to be in trouble."
Thanks to a break in this summer's high temperatures in California, the ISO
managed to find the power it needed Monday and bought it under the new price
cap of $250 a megawatt-hour. It also looks to be able to make it through
Tuesday.
But the real test could come with higher temperatures forecast for Wednesday
and Thursday - or whenever the next heat wave comes.
The state's power grid is run by the ISO, established by the state's
legislature to ensure that California's utilities were getting enough power
to meet their customer needs.
Utilities typically buy most of the power they need a day in advance based
on weather forecasts and system capacity. A different state-chartered
organization, the California Power Exchange buys most of the power the
utilities need one day ahead of time.
The ISO is supposed plug unexpected gaps by purchasing marginal amounts of
power on a last-minute basis as necessary.
But the price cap is changing the way the game is played.
Prices in the ISO's real-time market are capped at $250 a megawatt-hour. But
prices in the CalPX's day-ahead market are uncapped and free to skyrocket.
As a result, California's main utilities - PG&E Corp. (PCG) unit Pacific Gas
& Electric, Edison International (EIX) unit Southern California Edison and
Sempra Energy (SRE) unit San Diego Gas & Electric - will buy only those
supplies available on the day-ahead market that are bid at the ISO cap or
less.
That policy makes sense - electricity is widely regarded as the most
volatile commodity in existence, prices can rise 100-fold in a matter of
days and California's prices are about four times their level last summer.
But it isn't the most sustainable.
Grid Operator Left To Cover Large Shortfall
On Monday, for example, the California PX reported that the utilities bought
all the power suppliers bid in below the price cap, a total of 27,500
megawatts of supply for peak afternoon hours.
But as the sun rose over the California sky and air conditioners ramped up,
the three utilities needed 40,000 megawatts of power to meet demand -
leaving the ISO not just to tweak the system, but to buy almost a third of
what was required.
"It makes it a lot harder for our people to operate the system," ISO
spokesman Patrick Dorinson said.
On Monday, the ISO had to leave its official, computer-based market and
scramble to secure needed power supplies from neighboring utilities by
telephone, as it has done numerous times this summer.
The question for California is whether independent generating companies and
utilities outside the state will sell their power to the state at or below
the $250 price cap, or whether they'll be able to sell their output for a
higher price elsewhere.
Like much of the rest of the country, the western U.S. now needs more
electricity during summer afternoons than it can generate. The booming
electricity-driven new economy has been met with almost no additions to
generating capacity. Companies that have generating capacity are looking for
top dollar.
"Our real-time folks' job is to optimize revenue and get the highest price
for that energy that they can," said Larry Bryant, spokesman for the Public
Service Co. of New Mexico (PNM), which regularly sells power to California.
"There is no preference of customer. There's preference for maximizing the
revenue that hour of that day."
The $250 cap, half what it was until Monday and a third of what it was until
July 1, is well under prices the western wholesale power market has seen
frequently this summer.
The ISO has the authority to break its own cap if necessary to keep the
lights on, but doing so could make a shambles of the state's official power
market.
Traders at utilities with excess power to sell say they will have no
incentive to bid in supply on the ISO's computer system at prices under the
cap if they know the ISO will be picking up the phone later with sweeter
deals.
"At 10 a.m. the ISO operators have to run around and find a sufficient
amount of capacity in the West to serve our needs, and on some days there
really is only a limited amount of capacity to go around," Smutny-Jones
said.
"We're going to have figure out a better way of managing this," he added.
-Mark Golden, Dow Jones Newswires; 201-938-4604; mark.golden@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

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 any
computer.

 <<Gunther Pergher (E-mail).vcf>>
 - Gunther Pergher (E-mail).vcf


Well, it's about time!

 -----Original Message-----
From: 	Reves, Brant
Sent:	Friday, July 13, 2001 10:48 AM
To:	Heard, Marie; Panus, Stephanie; Boyd, Samantha
Subject:	ISDA Worksheet: PREPA

Please prepare and e-mail a draft ISDA per terms of the attached credit worksheet.

thanks
brant

 << File: Puerto Rico Electric Power Authority.xls >>


Kam - sorry for the late response but I was on vacation yesterday.  Attached is a blank book request form.  Please let me know if you have any questions.

Thanks,
Susan
x3-1462

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 02, 2002 9:40 AM
To:	Trevino, Susan
Subject:	book request

Susan,

Could I please get a copy of a blank book request from you.

Thanks

Kam


Vikas -

Thanks for your note.  Enron does have a policy that somewhat restricts the
trading that may be done by employees - even when they are not involved in a
trading function.  No Enron employee is permitted to trade any commodity for
their own account (or for the account of another) which Enron trades.  The
only general exceptions to this are for equity and debt securities - and
there are special restrictions on persons who trade those items for Enron.
This policy is modified from time to time by the Enron Corp. Board of
Directors and is monitored by the Risk Assessment and Control Group.  I
believe Cassandra Schultz currently has that responsibility.  I am sending
her a copy of this e-mail (so in case I have misrepresented the policy in
some way, Cassandra please correct me) and if you need any further
information, please contact her.

Mark

	Vikas Dwivedi@ENRON
	02/20/2001 04:08 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Commodity Trading Account

Mark,

I am interested in opening a personal commodity trading account.  I'm not
involved in a trading function here at Enron.  My manager Jennifer Fraser
suggested I write you to find out what steps I need to take to ensure
compliance before I open the account.

Your guidance on the subject is appreciated.

Thanks, Vikas


Okay.


FYI...MO

-----Original Message-----
From: Miller, Richard
Sent: Thu 8/16/2001 8:18 PM
To: O'Neil, Murray P.; Gresch, Robert; Bhatty, Jay
Cc:
Subject: fyi---90/110 Consumption Bands

---------------------- Forwarded by Richard Miller/HOU/EES on 08/16/2001 10:17 PM ---------------------------

James Light

08/16/2001 08:53 AM

To:     Anthony Dayao/HOU/EES@EES, Neal Symms/HOU/EES@EES

cc:     Richard Miller/HOU/EES@EES, Lisa R McClendon/ENRON@enronXgate

Subject:        90/110 Consumption Bands

Details regarding EES/CSC deal capture and billing for 90/110 consumption bands -

Power

EWS Business Contact - Richard Miller

Deal Capture Status - Information is not included on any CSC power deal tickets (deal sheets)

Risk Book Status - Currently not captured - A.K. Matheson is researching and will provide details

Billing Status - CSC does not know which customers bands apply to - currently not applying to any power customer bills

Gas

EWS Business Contact - Lisa McClendon

Deal Capture Status - Information is included on CSC gas deal tickets (deal sheets)

Risk Book Status - Currently captured

Billing Status - CSC does know which customers bands apply to - currently applying bands to some gas customer bills, but process performed manually

        ==>  Lisa has been working with CSC this week to determine the following -

                - How many gas deals do bands apply to?

                - How is CSC tracking penalties by meter and by billing period?

                - What is total $ amount of penalties?

                - What is the estimated unbilled penalty amount and what is CSC's plan to resolve on a go-forward basis?

I will forward additional information as it becomes available.

Thanks,

James


Updated by: CN=Darron C Giron/OU=HOU/O=ECT


1.

                       COMMENT & ANALYSIS: Stretching the figures: Calculating
                       accurate values for companies in the new economy takes
more
                       than a grasp of mathematics - a dash of economics,
politics and
                       logic would not go amiss, says John Kay:

                    COMMENT & ANALYSIS: Stretching the figures: Calculating
accurate
                    values for companies in the new economy takes more than a
grasp of
                    mathematics - a dash of economics, politics and logic
would not go
                    amiss, says John Kay:
                    87% match; Financial Times ; 24-Apr-2000 12:00:00 am ;
1170 words

                    Do the math. The slogan favoured by Jim Clark, creator of
Silicon Graphics,
                    Net-scape and Healtheon, has become the mantra of a
generation of
                    consultants and investment bankers. The new economy, they
claim, requires
                    new principles of valuation.

                    C.com is one of the most exciting prospects in
business-to-business
                    commerce. It is the world leader in a growing market -
annual sales by 2010
                    are likely to be Dollars 500,000bn. If C.com can maintain
a 5 per cent share
                    and earn only 1 per cent net margin its prospective
annual earnings will be
                    Dollars 250bn.

                    If we assume that market growth after 2010 is 5 per cent
and discount future
                    revenues at 10 per cent, the prospective value of C.com
is Dollars 5,000bn -
                    about 10 times the recent market capitalisation of
Microsoft, Cisco or General
                    Electric.

                    You don't have to wait for the IPO. You can buy shares in
C.com right now for
                    less than 5 per cent of that value. C.com is called
Citigroup and in addition to
                    its foreign exchange trading, which is the business I
have described, you get
                    its other wholesale, retail and investment banking
activities and a leading
                    insurance company thrown in.

                    Of course, nobody would be so stupid as to value
Citigroup in this way. Yet I
                    have followed more or less exactly the methodology
recommended in the
                    latest McKinsey quarterly for the valuation of new era
companies. They use
                    precisely analogous calculations to arrive at a valuation
of Dollars 37bn for
                    Amazon.com.

                    Paul Gibbs, head of merger and acquisition research at
J.P. Morgan, recently
                    used similar principles to confirm that assessment of
Amazon. He then
                    performed the same calculation for internet service
provider Freeserve.

                    Assume that UK retail sales grow at 5 per cent a year,
that 25 per cent of
                    sales take place on the net, that portals capture 50 per
cent of these, that
                    Freeserve gets 30 per cent of the portal share and
maintains an 8 per cent
                    commission on sales. Multiply these together and you
establish that in 2017
                    Freeserve will make profits of o2bn (Dollars 3.2bn).
This, he argues, justifies a
                    value today of o6.50 per share.

                    But I prefer T.com to Freeserve. T.com has a customer
base four times larger
                    than Freeserve. Its franchise is stronger. Its customers
are concentrated in
                    the affluent south-east of England, where it faces
virtually no competition.
                    Market research shows that more than 95 per cent of its
customers use its
                    essential services every day, many of them several times
a day.

                    T.com also has ambitious plans for expansion. At present,
its geographical
                    coverage is less than one-quarter of the market in
England and Wales. T.com
                    has an interest in south-east Asia. The population of
China is 100 times the
                    number of people who today can access T.com services.
Even after the recent
                    market correction, T.com, better known as Thames Water,
still has a market
                    valuation below that of Freeserve. At the widest point
between the old and new
                    economies, Freeserve was worth four times as much.

                    The reason the Citibank calculation is nonsense is
simple, but fundamental.
                    The margins Citibank makes on its forex business vary
widely. If you buy
                    small quantities of notes from a bank, the spread is much
wider than 1 per
                    cent. If you are a large corporation trading major
currencies, the margin is
                    wafer thin. Entry and competition force prices down to
the related costs.

                    In Mr Gibbs's model, Freeserve earns profits of o2bn,
about equal to the
                    current profits of Tesco, J. Sainsbury and Marks and
Spencer together. And it
                    earns these on revenues of only o2.5bn, so that profits
are 80 per cent of the
                    value of its sales. No established business earns margins
of that size.

                    Thames Water is one of a tiny number of companies whose
market position is
                    so strong, whose output is so necessary to life, that if
it charged five times the
                    current price we would have little choice but to pay. We
do have one option -
                    to insist the government intervenes. It confines Thames
Water to a return on
                    its capital employed of about 6 per cent.

                    The idea that profit is a return on capital invested
still has some role in new
                    economy valuation, at the level of the overall market.

                    There is a key formula in the new math. The required
yield on a security is
                    equal to the difference between the rate of return
demanded from that class of
                    securities and its expected rate of growth. So, if you
expect a return of 5.5 per
                    cent from a share whose dividends will grow at 5 per
cent, calculations show
                    that the dividend yield should be 0.5 per cent.

                    This is the calculation done by James Glassman and Kevin
Hassett in their
                    book Dow 36,000*. Claiming that sustainable dividends
average half of
                    earnings, this yield equates to a price/earnings ratio of
100 - implying a target
                    of 36,000 for the US index.

                    The trouble with this theory is that it takes too long to
produce what the
                    investor is looking for. Investors will receive only
two-fifths of the cash
                    sustaining the valuation this century. One-third of the
total depends on
                    dividend cheques that will arrive after 2200.

                    Two hundred years ago, well before the Dow Jones average,
prudent,
                    diversified investors would have owned slave traders and
sugar plantations, or
                    perhaps a bold speculation in that symbol of the then new
economy -a canal.
                    The next 200 years may be more stable than the last and
Microsoft and Cisco
                    may prove more enduring than plantations. But we can
hardly be sure.

                    While 5 per cent may be a reasonable assumption for the
growth rate of
                    dividends in the US economy as a whole, it is likely that
well before 2200
                    most of these will come from companies not yet founded.

                    Suppose we accept Glassman and Hassett's protests that
their dividend
                    growth expectations are conservative. If you raise them
only from 5 per cent to
                    5.25 per cent, the anticipated value of the Dow Jones
average is 72,000. At
                    5.5 per cent the formula breaks down because the shares
of US companies
                    are infinitely valuable. Not even the most credulous
dotcom investor believes
                    that.

                    The math also works in reverse. If expectations of return
are 6 per cent rather
                    than 5.5 per cent, the market p/e ratio falls to 50 and
the value of the Dow
                    Jones from 36,000 to 18,000. And if equity investors
require a return of 8 per
                    cent, you would have to conclude that shares are worth
only half their current
                    level.

                    An 8 per cent expected total return is not ambitious for
an equity investor. A
                    day trader might think you were talking about a weekly
profit rather than
                    annual. Glassman and Hassett use a figure as low as 5.5
per cent - the return
                    on Treasury bonds - because they argue that equities have
so consistently
                    outperformed bonds that there is now no risk associated
with equity
                    investment. In other words, because equities are sure to
offer higher returns
                    than bonds, the expected yield on equities should be the
same as on bonds.

                    You do not have to be Wittgenstein to spot the flaw. The
rules of logic hold
                    even in cyberspace, and so do the principles of
economics. Profits are hard to
                    earn in competitive businesses, and markets that are not
competitive are
                    usually regulated. The value of companies ultimately
depends on their
                    capacity to generate cash for shareholders. Distant
returns are uncertain.
                    Share prices are volatile, and investors need to be
compensated for the risks.
                    These truths are as valid in the new economy as the old.

                    By all means do the math. Isaac Newton, who could do the
math better than
                    most, gave up an annuity of o650 per year to invest in
the South Sea Bubble.
                    In addition to the math, you need the econ, the pol, and
perhaps the
                    psychology.

                    * Dow 36,000: The New Strategy for Profiting from the
Coming Rise in the
                    Stock Market, James K. Glassman & Kevin A. Hassett,
Random House,
                    1999.

                    The author a director of London Economics.

                    Copyright , The Financial Times Limited


Group,

I have discussed our lack of handsets with Dave Steiner.  Dave perceives an appetite for handsets in the real-time group, however, we should be getting new handsets (two for each turret) early next week.  These handsets will be labeled Real-Time, this should prevent others from switching out our handsets.  If one of these handsets stops working (cuts out or mute doesn't work) please let me know. Dave Steiner will be providing these handsets without charging us, but if a heightened handset consumption continues, we will have to pay for them.  Dave suggested that we make sure to hang up the handsets, as they tend to get damaged quickly on the ground (apparently it stresses the connections and leads to them cutting out). I feel this goes without saying but maybe...

Thanks for your help with this.

Bill


Amy Mulligan
04/30/2001 10:52 AM
To:	Lynn Blair/ET&S/Enron@ENRON, Albert Hernandez/ET&S/Enron@ENRON, Amy_Mulligan@enron.com, Cynthia Rivers/ET&S/Enron@ENRON, Tracy Minter/ET&S/Enron@Enron, Linda Ward/ET&S/Enron@ENRON, Beverly Miller/ET&S/Enron@ENRON, Christine McEvoy/ET&S/Enron@Enron
cc:

Subject:	Transwestern Invoicing

I have attached a spreadsheet that Elizabeth put together for us for our February invoicing so you can get an idea of the categories and the number of invoices.

These are the 7 categories Elizabeth checks, and how they can be redistributed:

Void Invoices: There are only two of these invoices each month, MSR's can check these, but Marketing will have to communicate when there are additional Invoices that need to be voided.
Delete Line Items: This can also be checked by MSR's but new contracts with these exceptions need to be explained by Marketing to the corresponding MSR for that customer
Volume Adjust: These are also only for exceptional contracts, MSR's can check these exceptions, but Marketing will have to explain exceptions on New Contracts to the corresponding MSR for that customer.
Make-up Volume: MSR's
Adjust Reservation Invoices for change in Credit for Commodity due to make-up: MSR's
Adjust Rate: Marketing
Regenerate Invoice: MSR's

We will start checking these for May Accounting,
The TW Team


fyi
----- Forwarded by Sara Shackleton/HOU/ECT on 09/26/2000 10:52 AM -----

	John Greene
	09/26/2000 08:51 AM

		 To: Paul Simons/LON/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 cc: Gary Hickerson/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Legal Authorization by Country for Enron Equity Trading in Europe

Paul/Alan,

We need to have someone check into the legal issues associated with our
trading equities in each of the respective countries we are interested in
trading.  We need to get rulings on shares, futures and options for both
exchange traded and over the counter activity for each country.  This
"research" should be performed in much the same way as when we began trading
in Australia.  Some of the countries involved may have already been "green
lighted" a few years ago.  The countries we need to look into initially are:

Germany
France
Italy
Norway
Netherlands
Spain
United Kingdom

Once we get feedback on these countries we should continue on to secondary
countries which include:

Austria
Belgium
Denmark
Ireland
Israel
Sweden
Switzerland
Portugal
Turkey

I will leave up to yourselves to decide where this project should be
coordinated from but as we are a US coporate and ECT Investments, the
principal booking entity, is a US entity I would imagine it should be handled
from the States.  Please let me know if anyone has any questions or would
like to discuss issues associated with this request.

Thanks and regards,
John


Prebon agrees now because the confirm is exactly what we have, however, can
you change both strips to reflect 3/15-3/31 in enpower (deal 549052).

Thanks!

   Kate Symes @ ECT                03/13/2001 05:45 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

We've changed this to a BOM deal (term 3/15 to 3/31), but Sean still
recognizes this as an on-peak deal with a price of 241.00. Let me know if
Prebon still disputes.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/13/2001 03:24 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes- so this is what prebon is saying on this deal 549052:
Enron buys from Pacificorp 25 mw of peak BOM Mid-C at $141.00

Thanks!!

   Kate Symes @ ECT                03/13/2001 05:11 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

Sean Crandall said the price on this is correct (241), but he thought the
deal was supposed to run through the end of the month. He was just walking
into a meeting with Tim Belden while I was trying to figure this out with
him, and he asked that I not change anything until he gets out and can look
at it more closely. A price of $141 is awfully low for a peak deal flowing at
Mid-C tomorrow - actually lower than the off-peak prices - so it sounds a
little suspicious. I'll let you know when he gets out of the meeting.

Thanks,
Kate

Evelyn Metoyer@ENRON
03/13/2001 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

yes

   Kate Symes @ ECT                03/13/2001 05:02 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

549052 - del. point is already in as Mid-C, so just the price is wrong?

Evelyn Metoyer@ENRON
03/13/2001 03:06 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 3/13 Checkout

SORRY I gave you the incorrect deal number for this error.  Should be deal
549052.

original error:
Diana Scholtes
deal 549053    549052
Prebon shows price as $141 and delivery pt as Mid-C

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

S

   Kate Symes @ ECT                03/13/2001 04:39 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 3/13 Checkout

Prebon
Sean Crandall
549048 - changed to NP

Diana Scholtes
Prebon broker said our price (215) and del. point (Cob) are right

Jeff Richter
549013 - changed to APB

549010 - enron buys BP/Apr01/NP/peak/207.00 (in with Amerex - should it be
Prebon?)

Chris Mallory - just entered Williams deal

Evelyn Metoyer@ENRON
03/13/2001 02:27 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/13 Checkout

AMEREX
All deals checked out fine

PREBON

Sean Crandall
deal 549048
Prebon shows del. point as NP-15

Diana Scholtes
deal 549053
Prebon shows price as $141 and delivery pt as Mid-C

Jeff Richter
deal 549013
Prebon does not recognize

I am missing the following:
1) Enron buys from BP Energy 25 mw of April'01 NP-15 peak hrs at $207
2) Enron buys Williams 25 mw of SP-15 of April'01 off-peak hrs at $107

BLOOMBERG
All deals checked out fine.


Jim, I would forward to Chris Calger, Janet Dietrich and Jean Mrha.

Thanks
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/25/2000
08:04 PM ---------------------------

James D Steffes@EES
07/25/2000 06:42 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: AGA Presentation

Dave --

Chris McGill  of AGA  called Margaret Carson and asked her  to speak to the
gas distribution members of the  AGA  at their monthly meeting on  September
19th.    If you don't know her, Margaret works under me and provides research
for Govt Affairs and business units throughout Enron.

The  topic of the presentation is --
What  current  prices for natural gas mean for gas distributors and their
strategies for asset management?
Who, if anyone, would you like us to pass this along to?   Give me a call if
you need more information.

Thanks,

Jim


Rob Benson, East power tradig, Director

 I would like 4 tickets for the Houston open, If available please sent to
31st floor, location 3117d.
 Thank you very much.


Joan,  The contract states that Wildhorse only has to accept gas from
Crescendo that the downstream carriers will accept.  Per Brett Frie at
Enogex, the Entrada production is 24% Nitrogen.  Until the plant is up and
running, this gas will not meet any of the downstream carriers specs.  I am
not sure how we get the Nitrogen out of the gas stream without the plant?

The Dakota production was not mentioned in the letter, because I have no
facts about the gas quality of this gas.  You had forwarded emails last week
indicating the Dan Reineke was to take samples at the wellhead and downstream
of Wildhorse's plant.  Once we have these facts we can send a letter
concerning the Dakota.  Do you have any info on these samples?

	Joan Quick
	07/24/2000 07:17 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Scott Josey/Corp/Enron@ENRON, Barbara N Gray/HOU/ECT@ECT, Brian
Redmond/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT, Dan J Bump/DEN/ECT@ENRON
		 Subject: Wildhorse Letter

Per the drafts, we are asking "Wildhorse to accept all gas delivered.... upon
startup of the Treating Plant."   I thought the purpose of this letter was to
get Wildhorse to take all of our gas right now, not just after the plant is
started up.  Is this not so?   I agree with Dan, that  this letter only
discusses the Entrada gas, with no mention of the Dakota curtailment, which I
think it should.

I had just a couple minor changes...

To: Gerald Nemec/HOU/ECT@ECT
cc: Joan Quick/HOU/ECT@ECT, Scott Josey/Corp/Enron@ENRON, Barbara Gray@ECT,
Brian Redmond/HOU/ECT@ECT, Teresa G Bushman/HOU/ECT@ECT
Subject: Re: Wildhorse Letter

Gerald --

I have provided a few coments (redlined) to your draft letter attached below.

However, I wanted to offer the following ideas for discussion with you and
the others listed above as to potential inclusion in the Wildhorse letter:

 A.  Should we request written notification from Wildhorse related to the
shut-in status of Entrada production?  Should we request written notification
related to the recent curtailment of Dakota production?  [As we've discussed,
Enogex never requested anything in writing from Wildhorse, so we do not have
any historic documentation of Wildhorse's claims].

 B.  Should we identify (potential) contractual issues due to the curtailment
of Dakota production; e.g.  Sec. 6 detailing the (wellhead) delivery pressure
requirements under this contract, et al?  [As we've discussed, the system
pressures have increased due to (initially) gas being re-routed by Wildhorse
over the past two years which has loaded the San Arroyo system, and now the
NWPL quality issues and subsequent Wildhorse curtailments has increased
pressures system-wide.  If Wildhorse based their ability to allow these
problems to persist by referring to Sec. 7 "Gas Quality" of the agreement,
what remedies can we request....partial release of Dakota gas?].

Here's the frustration, based on conversations with producers in the area and
the documents we've received from Enogex, Wildhorse has continued to attach
non-pipeline quality spec gas to their system over the past couple years to
increase gathering revenues, yet has not invested any $$$ for processing of
this gas to meet or exceed the specs of downstream pipelines.  Then, they use
the downstream pipes as the reason for shutting in all their captive
producers, and have thus far offered no solutions to the system pressure and
quality issues discussed above.  Therefore, its critical that this letter
gets to the "right" people within Wildhorse and, if possible, make reference
to some element of timing (e.g., reasonable dispatch, commercially reasonable
manner, etc.).

Thanks.

Dan


We will continue to schedule transactions with ENA and other Enron affiliates in a business as normal fashion.  If ENA's supply is cut, then deliveries will be adjusted, just as we normally do.

Bob Superty, Dir of ENA Gas Logistics has asked to be notified of any ENA supply cuts.  I'm not talking about nits and nats that are part of the normal confirmation process, rather, I'm talking about if a confirming party refuses to confirm a block of ENA gas.     We are notifying Bob as a courtesy and nothing about this added notice should hold up routine business processes.

You can leave Bob a voice message at x 3-0957 or call me and I'll call Bob.  In any event, I also would like to be briefed about any significant cuts in ENA or other Enron affiliate supply.


Dear All,

Some of your may already know, and by the time you finish reading this all of
you will know, that I am after 9 years leaving Enron.

After nine years with Enron in Europe, working in Human Resources, UK Gas &
Power Origination, Weather Trading, EnronOnline and now Enron Credit I have
accepted an opportunity to move on to a new venture in the City.

I will be the CEO of the International Weather Exchange (I-WeX.com Limited)
which is a venture involving LIFFE, Willis Insurance and Intelligent
Financial Systems Limited, which will provide data, forecast , research
information services and a risk transfer marketplace for climatic risk.

I would like to thank all of you personally for making the time here at Enron
so enjoyable and rewarding.

If you are in London this Friday I will be located in the upstairs bar at the
Grouse & Claret public house from 6pm and would be happy if you could join me
for a farewell drink before my departure.

If you want to contact me. you can reach me at home on +44 1462 769277 (new
mobile and Office numbers are not known yet, but if you would like them let
me know and I will send them to you once I know them) or use my personal
email account Nick.Mooney@London.com.

Regards

Nick


The WPI Alumni website has a new look.  Take a few minutes
to visit us at http://www.wpi.edu/+Alumni/ to see what's new!

____________________________
Tina Gorski-Strong '84
Director, Alumni Affairs
Worcester Polytechnic Institute (WPI)
100 Institute Road
Worcester, MA 01609
508/831-6002 Voice
508/831-5791 Fax

tgorski@wpi.edu
http://www.wpi.edu/+Alumni/


Hi,

I am expanding my Risk Management search outside of  the Houston area. Just
wanted to know if we found the perfect candidate would you be willing to pay
relocation and interviewing expenses?  Your feedback is appreciated.

Thanks!
Imelda Trevino
Human Resources
ext.5-2539


Can you guys send both the refernce credits and counterprties to the legal
department so that they can begin working on approval.

Paul can you pls coordinate with the states on legal.

Debbie/David - do you have everything you need?

bs


request_number:  PG-BPA: 132
firstname:  Sarah
lastname:  Westenberg
e-mail:  sawestenberg@bpa.gov
exhibit_wp-02-e-:  BPA-77
page_numbers:  9
request_text:  Please provide a short description of each line in the two
tables (lines 4-24) including (a) a comparison of the differences between the
two tables (either the reasons for any differences in amounts for a line
description that is the same in both tables, or the reason for any
differences in the logic of the calculations), and (b) a &crosswalk8 showing
how each line in each table corresponds to a variable or equation (or both)
in section f of the GRSPs beginning on p. 15 of Attachment A to this
testimony.

response_text:
The following two tables are excerpted out of WP-02-E-BPA-77, page 9, lines
4-26.

Table Illustrating JCG Method

Table Illustrating BPA Method

Before beginning the comparison of the two tables, it should be pointed out
that the tables calculate gross augmentation costs.  We left out the step
that calculates the net augmentation costs.  As a result, the &Total8 line
dollar amounts ($6M and $6.2M in the JCG table, and $6M and $6M in the BPA
table) should all be reduced by the amount of augmentation resale revenue.
However, since this modification will not affect the comparison requested in
the data request, let us continue as if the &Total8 line dollar amounts are
already net of the augmentation revenue. See the attachment to the data
response.

Another item that may be confusing is the item labeled &Pre-purchase ) 0 day
rule8.  This is the incremental cost associated with purchases made between
the 120-day cut-off and the 0-day cut-off.

Also, a crosswalk of each table showing how it corresponds to a variable or
equation in section f is not possible since section f reflects the BPA
method, not the JCG method.  Perhaps an overview of BPA,s perspective on the
difference between the JCG method and the BPA method will be helpful.

JCG calculated the augmentation costs using two different cost pools, one
cost pool for the Slice product (using the 120 day rule), and a second cost
pool for all other products (using the 0 day rule).  The products then
collected a portion of the augmentation costs associated with a specific
rule.  When these two cost pools yield different net augmentation costs
(which they usually will unless all of the augmentation is purchased under
the 120-day rule), the JCG method doesn,t collect the actual amount of either
of those pools from Slice or non-Slice.  Rather it collects a proportion of
each of the cost pools.

In contrast to the JCG method, the BPA method distributes the costs using the
120-day rule proportionally between the Slice and non-Slice products, and
then assesses all the incremental cost from using the 0-day rule rather than
the 120-day rule to the non-Slice products.  In contrast to JCG method, this
assures that all the actual incremental net augmentation costs calculated by
replacing the &120-day8 rule with the &0-day8 rule are recovered  from
purchasers of non-Slice power products.  In addition, this also assures that
purchasers of the Slice product do not bear any nearer term market prices
fluctuations.

Now for a short description of each line in the two tables, and a comparison
of the differences.  The example assumes that we don,t actually purchase all
of our augmentation, that some of it is served from BPA,s secondary, or is
bought in the spot market.

&Pre-purchase ) 120 day rule8 is the total cost of augmentation purchases
made at least 120 days prior to the month of delivery.  This amount is $2M in
both tables in both columns.  This amount represents the sum of DIURNALACA
for the six-month period.  This would have represented DIURNALACA(S) in the
GRSPs proposed by the JCG in their Direct Case.

&Pre-purchase ) 0 day rule8 is the additional cost of pre-purchases made less
than 120 days prior to the month of delivery.  This amount is $1M in both
tables in the non-Slice column.  The 0-day rule pre-purchases are not
applicable to the Slice product, thus the N/A in the Slice column in both
tables.  If &Pre-purchase ) 120 day rule8 and &Pre-purchase ) 0 day rule8
were summed the sum would represent DIURNALACA(NS) in the GRSPs proposed by
the customers.  Note that the Pre-purchase ) 0 day rule appears in a
different row in the BPA table since BPA has proposed that these incremental
cost enter the calculations at a different point.

Short position is the cost of the amount of AAMTA that is not pre-purchased.
This is the amount that is valued at PRICE in the GRSPs.  In the JCG, the
short position is different between the Slice and non-Slice columns.  This is
because the example has BPA purchasing some additional augmentation ($1M
worth) under the 0-day rule, and there is a corresponding reduction in the
value of BPA,s short position.  The change also reflects that the short
position is valued using different PRICEs for the 120 day rule and the 0 day
rule.  In the BPA example, Short position is $3M for both Slice and non-Slice
products, and the difference (-$0.8M) is found in the row &Short position 0
day rule8

&Buydown8 is the cost of all buydowns.  It is the same in both tables, for
both Slice and non-Slice products.  In the examples BPA spent $1M buying down
load.

&Total8 is the gross cost of augmentation.  As stated above, it should be
reduced by the augmentation resale revenue.  To continue on, let us assume
that &Total8 has been reduced by augmentation resale revenue, and represents
the net augmentation costs.  In the JCG  example, &Total8 is $6M for Slice
and $6.2M for non-Slice.  These would represent NACA(S) and NACA(NS) in the
GRSPs proposed by the JCG in their Direct Case..  In the BPA example, Total
is $6M for both Slice and non-Slice.  This represents NACA in the BPA GRSPs.

&Percent of CRACable revenue8 is the same in both tables.  The example shows
that the Slice revenue is 30% of the total CRACable revenue, and the
non-Slice revenue is 70% of the total CRACable revenue.

&LB CRAC Costs8 only appears in the BPA example.  It is the NACA distributed
between Slice and non-Slice products in proportion to actual revenue.

&Pre-purchase 0 day rule8 and &Short position 0 day rule8 are the changes in
the valuation of pre-purchases ($1M) and Short position (-$0.8M) between the
120 day rule and the 0 day rule.  The net difference of $0.2M is equivalent
to the difference that is seen in &Total8 in the JCG example (the difference
between $6M and $6.2M).  This difference is also equivalent to NACDIFF in the
BPA GRSPs.

&Total LB CRAC Cost(s)8 is the cost that the Slice and non-Slice groups true
up to.  In the JCG example, the Slice product trues up to 30% of $6M, or
$1.8M while the non-Slice products true up to 70% of $6.2M for a total from
both groups of $6.14M.  In BPA,s example, the Slice product pays 30% of $6M
or $1.8M (the same as in the JCG example) while the non-Slice products pay
70% of $6M plus the net difference between valuation of net augmentation
costs using the 120 day rule and valuation using the 0 day rule.  The
non-Slice amount is $4.2M plus $0.2M or $4.4M.

The following information is from the web server:
1.  Logon: IUSR_GRANITE
2.  Remote Host:  53.180.74.220
3.  Remote IP Address:  53.180.74.220
4.  Form URL:
http://www.bpa.gov/power/secure/psp/ratecase/discovery/wp_02_response.html
5.  Browser Client:  Mozilla/4.0 (compatible; MSIE 5.01; Windows NT; BPA 4.01
SP2; BPA 5.01 SP1)


Should anyone like to attend...looks like there is a Freez Notis presentation today at 9am in 3240c...

Thanks
-----Original Message-----
From: Moore, Kevin G.
Sent: Monday, October 08, 2001 8:31 AM
To: Black, Tamara Jae; Ryan, David; Decook, Todd
Subject: FW: Freez Notis Presentation
Importance: Low

-----Original Message-----
From: Moore, Kevin G.
Sent: Monday, October 08, 2001 8:21 AM
To: Crenshaw, Shirley; Young, Becky; Rangel, Ina; Hogan, Irena D.; Brown, Kimberly; Coneway, Betty J.
Subject: FW: Freez Notis Presentation
Importance: Low

Freez Notis Presentation Today- inform your groups.....
-----Original Message-----
From: Moore, Kevin G.
Sent: Friday, October 05, 2001 6:56 AM
To: Presas, Jessica
Subject: FW: Freez Notis Presentation
Importance: Low

-----Original Message-----
From: Moore, Kevin G.
Sent: Friday, October 05, 2001 6:45 AM
To: Rangel, Ina; Young, Becky; Brown, Kimberly; Hogan, Irena D.; Villarreal, Alexandra; Jones, Carmella; Coneway, Betty J.
Cc: Roberts, Mike A.; Bennett, Steve; Ryan, David; Stevens, Adam; Smith, William; Crenshaw, Shirley; Kaminski, Vince J
Subject: FW: Freez Notis Presentation
Importance: Low

Good morning  ,

This is just a reminder that the Freez - Notis  presentation is coming soon.
Please, this is a presentation that your group receives information and ask questions.
Please, keep them updated and let them be aware that Monday October 8th ,
Freeez Notis will be here in the Enron Building beginning at 9: a.m.

Hot Coffee ,
Juices
Danishes, Bagels, and fruit will be served........

                                                        Thanks
                                                     Kevin Moore

Any questions feel free to call x34710 or come by and see me EB3240C
Have a Wonderful Day ~!!!!
-----Original Message-----
From: Moore, Kevin G.
Sent: Thursday, October 04, 2001 7:09 AM
To: Roberts, Mike A.; Rangel, Ina; Ryan, David; Marquez, Jose; Crenshaw, Shirley; Bennett, Steve; Stevens, Adam; Young, Becky; Brown, Kimberly; Villarreal, Alexandra; Hogan, Irena D.; Coneway, Betty J.; Jones, Carmella; Presas, Jessica; Hardy, Kimberly
Cc: Kaminski, Vince J
Subject: Freez Notis Presentation
Importance: Low

                        Freez- Notis  Presentation

                                                      Winter Outlook

When  : October  8th, 2001

Time   :  9:00 a.m.

Location  -  EB32C2

Please asst , inform your groups ........

more info...comimg soon.

                                           Thanks

                                       Kevin Moore


FYI, see below.
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 05/08/2001 03:31 PM
---------------------------

DeKrey Lynn <Lynn.DeKrey@swpc.siemens.com> on 05/08/2001 02:52:26 PM
To: "'ben.jacoby@enron.com'" <ben.jacoby@enron.com>
cc: Monahan Bill <Bill.Monahan@swpc.siemens.com>
Subject: Issuance Confidentiality Agreements

Ben
I understand from Bill Monahan that you wanted to see confidentiality
agreements currently outstanding from insurance company.

We submitted agreements to Chuck Newell and Sharon West.  Chuck's executed
agreement has been received but we are still waiting for Sharon.  We had
emailed Chris Booth to request status however we now understand he is out on
vacation this week

Attached is a copy of agreement documentation (4 pages) sent to Sharon West
and currently outstanding.

 <<FI189301.TIF>>

Regards
Lynn DeKrey

 - FI189301.TIF


The report of my absence is premature - I will be in our South American
offices Mon. - Thurs. of next week but am in the office in Houston all of
this week.

I am also not aware of any memoranda on point.  I have seen the issue
addressed in an off-hand way in one or more articles (not really legal
analysis) and will keep my eyes open for those.  The bottom line is usually
that insurance requires an actual loss and proof of that loss before a claim
can be made on the insurance while in the case of the derivative, no loss
needs to be shown, only the actual weather conditions described in the
agreement.

Mark
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
03/09/99 01:58 PM ---------------------------

Shari Stack
03/09/99 11:57 AM
To: Paul Simons/LON/ECT@ECT
cc: Nick Mooney/LON/ECT@ECT, Lynda Clemmons/HOU/ECT@ECT, Mark - ECT Legal
Taylor/HOU/ECT@ECT
Subject: Re: Weather

I am not aware of any ECT commissioned memo addressing why OTC Weather
Transactions are not considered contracts for insurance. Mark may know
something I don't but FYI- he is out of the office on business for the next 2
weeks.

We do have a memo from Cadwalader which discusses whether a weather contract
can be considered a "commodity" within the meaning of the U.S. Commodities
Exchange Act. I will fax that over to you now for info.

Kind regards,

Shari


Gerald,

I am inquiring about the discounted rate letter for Global Contract No.
96037453, which was forwarded to you on February 13, 2001.

I need to know if you have completed review and initialed.  I was not certain
if legal and the vice president should review and approve the discounted rate
letters as well.  Pleas let me know.

Thank you.

Marlene Hilliard


Minor changes I made to Alex's paper.

Vince


I am glad to hear your search is going well.  It sounds like you are on the
right track.

Hunter


Feast your eyes on Enron Business' cool and colorful new look.  You'll find it in your mailbox at home and online at home.enron.com under Publications, Enron Business, and "Volume 3, 2001".  (And if you're in Houston, you might find a few extra copies at the Plaza Java in the lobby of the Enron Building.)

In this issue:
?	Reducing the risk (but not the sizzle) of the advertising business
?	EBS offers data users cost-effective havens for homeless terabytes
?	Stan Horton - a few insights about the man who excels at change management
?	Helping Houston recover from the floods - how you can help
?	Extreme Enron - adventure racing, fire fighting, arctic driving, 24-hour racing, equine sports.
?	Netiquette.  How much do you really know about the net?
?	The Insider: what happens inside a shareholder meeting
?	Find out who won the Cartoon Craziness Contest and $200!  Also, enter this issue's contest - top 10 reasons Enron keeps reorganizing.  Don't dally - the deadline for entries is Friday, July 27.


Please note the following CP has change name:

From:		Cosco Qinqdao
To:		Cosco Qinqdao Ocean Shipping Company
CPID:		96808

---------------------- Forwarded by Joe Chandrapala/EU/Enron on 25/05/2001 15:11 ---------------------------
From:	Stuart Sheldrick/Enron@EUEnronXGate on 25/05/2001 14:51
To:	Paul deCanha/Enron@EUEnronXGate
cc:	Enron Europe Global CounterParty/LON/ECT@ECT, Brian Hunter lindsay/Enron@EUEnronXGate

Subject:	FW: Cosco Qinqdao - 96808

 -----Original Message-----
From: 	Sloan, Chris
Sent:	25 May 2001 14:50
To:	Sheldrick, Stuart; Stacey, Nick
Subject:	Cosco Qinqdao - 96808

Stuart,

Please amend above cp id to read

Coscoqingdao Ocean Shipping Company.

Thanks

Chris.


Luis,

Please see the attachment.  This file shows deals that still need adjustment
stemming from the base gas program being kicked off for Dec.  Please have
these corrected also.  Thanks.

The "arranged_quantity" column contains the correct volume.

Daren


To all:

Attached below please find the draft agreement and term sheet between ENA and AIG/Highstar regarding the purchase and sale of the North Carolina Power Holdings coal facilities (Alamac).  The term sheet outlines 1) the asset sale, 2) the short-term call option agreement with CP&L, 3) a short-term financial put option between EPMI and AIG, 4) the asset management services agreement, 5) the agency or "brokerage" agreement whereby Enron acts on AIG's behalf to resell the plants to a third party, and 6) an agreement to offer AIG a financial hedge for 2002 or a long-term power purchase agreeement in the future if the plants are not sold as expected.

I have sent these drafts to AIG and expect to finalize them next week.

Regards,

Heather


Joan, Gerald, Mark,

We do not physically flow our gas into Questar. This means that our
production is being curtailed (through increased pressure) for economic
benefit to Wildhorse (at Crescendo's expense) of moving more gas from the
Natural Buttes area south through the San Arroyo area.

Ken Krisa

-----Original Message-----
From: Joan.Quick@enron.com [mailto:Joan.Quick@enron.com]
Sent: Monday, December 04, 2000 8:59 PM
To: Theresa.Staab@enron.com; Paul.T.Lucci@enron.com;
Stacey.J.Brewer@enron.com; Mark.Whitt@enron.com
Cc: kckrisa@apex2000.net; JJosborne@apex2000.net
Subject: Crescendo Dec Production

Due to the Mesa Tap compressor being down at the interconnect between
Wildhorse and Questar, the pressure is backing up on Wildhorse.  These
Crescendo wells are very sensitive to pressure, thus current production is
around 2,500 mcf/d [2,675 mmbtud/].  Our first of the month nom was 2,800
mcf/d [3,000 mmbtu/d].

I am not sure if you want to reduce the nom now or wait a bit.  My gut feel
is to keep the nom as is and get these higher prices - assuming prices will
come down later this month.  let me know what you think is best.

thanks
joan


Mark, per your request, it looks like your guess was right on target.  I
calculate that 70.62% of the 2001 EWM Legal Plan for Inside Costs Only is for
ENA business units.   Attached for your reference is my Excel worksheet along
with a page explaining my calculations.  Please call me if you have any
questions or need further information.  Deb

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393


Kate,
just fyi, El Paso struck thru our 12/6/00 trade date and placed 12/5/00.  I
spoke to Chi, of El Paso and he said the 12/6/00 was okay.  I just made a
note on the confirm and sending it to the fileroom to be executed.
Thanks
Stephanie


The report named: Power West Price Off-Peak <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=31&report_name=Power+West+Price+Off-Peak&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=01/07/2002>, published as of 01/07/2002 is now available for viewing on the website.

(Revision: 3)


Jeff-
Haven't talked to you in a while...thanks very much
for the vm you left a couple of weeks ago-very nice to
hear!  How are you?

Things are much better for me.  Over the newbie hump
at Sun.  Goood things happening in general.  Usual
fustrations. School is fine-'cept I have to take
dreaded sunner school.
Miss seeing you-how long will you be in Mexico?
C

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/


Hello, I noticed you carried several of the 98 Zoom Zins.  Any chance you
have the 33 year old vines version?  Please advise,
John


---------------------- Forwarded by Fletcher J Sturm/HOU/ECT on 07/13/2000
02:20 PM ---------------------------

Fletcher Sturm <trademup@yahoo.com> on 07/13/2000 12:50:12 PM
To: fsturm@enron.com
cc:
Subject:

Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
 - Vegas.ppt


-----Original Message-----
From: Delainey, David
Sent: Fri 10/12/2001 2:52 PM
To: Lavorato, John
Cc:
Subject:

John, as a follow up to Greg's call, I would like to provide equity value, in recognition of the huge effort on the EES issues plus key player on the team going forward, to the following people from EES:

                                Options Equity          Total

        Rogers Herndon  $250K           $250K           $500K

        Don Black               $250K           $250K           $500K

        Jeff Richter            $100K           $100K           $200K

        Bernie Aucoin           $100K           $100K           $200K

I assume that you have Tim and Kevin managed.

Views?

When are we going to get back together to finalize our discussions?

Regards

Delainey


Here is the revised, and final form, of the ABB override letter for use in
conjunction with the FVP breakout contract for FVP.


George,

Attached for your review and commentary is a copy of a first draft of a
presentation that i am creating on EGM.  This is for an upcoming analyst
presentation and for our ongoing use.  Please review and make any comments
you feel are needed.  Especially focus on coal which is on page 5.  Please
take a quick look and return your initial comments quickly.  I need to get
out a new and better draft ASAP.  Also, how do we illustrate your business
graphically.  Please decide, fill in and I'll have our graphics guy make it
look pretty.

Thanks,
mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 10/10/2000
07:27 AM ---------------------------

Jason Rios@ENRON
10/09/2000 03:36 PM
To: Mike McConnell/HOU/ECT@ECT
cc: Cathy Phillips/HOU/ECT@ECT
Subject: presentation


So you better bet George that Joe will not go back to work for Grady-easy money for you
Also, think about goingto Palm Springs next year for golf vacation

 -----Original Message-----
From: 	Larry Orsi <Orsi@tconl.com>@ENRON
Sent:	Wednesday, November 14, 2001 3:21 AM
To:	Tholt, Jane M.
Subject:	joe

   Do you want the package insured


>
> From: Noel Capon <nc7@columbia.edu>
> Date: Thursday, September 6, 2001 15:46
> To: Jeff skilling <Jeff.skilling@enron.com>
> Subject: hi
>
> Jeff:
>
> For the past few weeks I have been contemplating writing to you but somehow
> didn't quite get to it, when I received a call from your office regarding my
> address so that has spurred me to action.
>
> As you can imagine, I was most surprised to read that you had resigned the
> CEO position at Enron just as the firm had achieved, and was achieving, so
> much. There seems little question that you put an enormous stamp on the
> organization and it's a real shame that you will not be leading Enron in the
> ensuing years.
>
> I know little of the reasons for your resignation other than the formally
> announced personal reasons, so I can only hope that you will be able to
> tackle these in your new role in private life. There is little question that
> you will have more time to yourself than you have had in the previous few
> years.
>
> In any event, if your travels take you to New York, it would be great if we
> could meet up. I really enjoyed the couple of meals we had together a few
> years ago.
>
> For my part, life continues pretty much as usual. I am now Chair of the
> Marketing division and continue to be active in teaching and writing. I should
like to send you a couple of books that were published in the past few
months -- there is data about these on my web site (see below) -- so please
have your secretary advise me of the appropriate address.
>
> Very best wishes
>
>
> Noel
>
>
> Noel Capon
> Professor of Business
> Chair of Marketing Division
> Graduate School of Business
> Columbia University
> 509 Uris Hall
> New York, NY 10027
>
> TN: 212 854 3466
> Fax (private): 212 749 3549
>
> Web site: <keyaccountmanagement.com>
>
>
>
>


FYI. Kathy is changing the address to 1400 Smith in the final version.

Kay


I did not think the One-Train Contract had been signed.  If it has, we
should include it.  As I do not have a copy of either contract, I do not
know the answer to your question on GE's ability to ask for assurances
of performance.  I should be getting a copy today of the Two-Train
Contract and I will check.  I inserted the provision regarding Agent's
giving notice to GE of DevCo's default at Rose's request.

Rob

-----Original Message-----
From: Sheila.Tweed@enron.com [mailto:Sheila.Tweed@enron.com]
Sent: Sunday, November 26, 2000 10:41 AM
To: Taylor, Rob
Cc: Roseann.Engeldorf@enron.com; Kay.Mann@enron.com;
Lisa.Bills@enron.com; Ben.Jacoby@enron.com; hwendell@mdbe.com
Subject: Re: GE Consent to Assignment

Rob, why isn't the Pastoria One-Train contract included (it has now been
signed I believe)?  If Agent were to give GE notice of Devco's default,
does GE have a rememdy under the turbine contracts to ask for collateral
or
accelerate the payment schedule?  I know that GE did not mention this in
our call.  What will Devco be able to do, just in case GE asks about
this?
Otherwise the draft l;ooks good and we await GE's comments.  The guay at
GE
to send this to by the way is Paul Miller@ps.ge.com.  Thanks!


You're on.  He's getting to be such a good age for theater.

ckm

"Brashear, Charlotte" <cbrashear@velaw.com> on 03/16/2001 03:18:56 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: The Lion King

   I would love to.  He is going to flip over it!

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Friday, March 16, 2001 3:17 PM
To: Brashear, Charlotte
Cc: Mann Neil (E-mail)
Subject: Re: The Lion King

My guess would be the week of the 4th of July, then again sometime in
August.  I agree that he really should see it.  If you want to take him,
that's great, or we will be glad to take him.

Kay

"Brashear, Charlotte" <cbrashear@velaw.com> on 03/16/2001 03:12:14 PM

To:   "Mann Kay (E-mail)" <kmann@enron.com>
cc:   "Mann Neil (E-mail)" <nmann@erac.com>

Subject:  The Lion King

           I keep forgetting to discuss this with you.  The Lion King will
be
here for the entire month of July, and Michael MUST see it.  I don't care
whether you two take him or me, but it's an absolute.  This will be my
third
time to see it.  The tickets go on sale around June 1.  Do you know yet
when
you will be on vacation?
          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You

          ++++++CONFIDENTIALITY NOTICE+++++
The information in this email may be confidential and/or privileged.  This
email is intended to be reviewed by only the individual or organization
named above.  If you are not the intended recipient or an authorized
representative of the intended recipient, you are hereby notified that any
review, dissemination or copying of this email and its attachments, if any,
or the information contained herein is prohibited.  If you have received
this email in error, please immediately notify the sender by return email
and delete this email from your system.  Thank You


http://www.consultrci.com

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

SCIENTECH's E-commerce InfoGrid uncovers the efforts of energy-related
companies in the ever-growing field of electronic commerce. A sample can
be viewed at:
http://www.consultrci.com/web/infostore.nsf/Products/InfoGrid
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===============================================================
SCIENTECH IssueAlert, October 11, 2000
Online Niche Players Capitalize on Natural-Gas Shortage, Bypass Utilities
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

SmartEnergy, a Con Edison competitor, is offering New York and Westchester
consumers price protection with the ability to lock-in today's natural-gas
rates for a period of one year. In a separate announcement, myHomeKey.com
announced that it will offer energy savings packages designed to reduce
energy consumption and lower rates for customers in the face of rising
energy costs.

ANALYSIS: As reports continue to accumulate that a natural-gas shortage
will send prices skyrocketing this winter (see my IssueAlert from Oct.
9 on the subject), the most common response from electric utilities has
been to warn their customers that they will see higher rates over the next
few months. I can point to several examples. Minneapolis-based Xcel Energy
announced a few weeks back that its natural-gas customers could face heating
bills that are 35 to 50 percent higher than their bills last winter. Dominion
East Ohio has warned its residential customers that they can expect to
pay about $70 more per month for natural gas from November through January.
And the warnings are coming not only in the Midwest and Northeast*where
low winter temperatures drive up energy bills every year*but in the West
as well. In California, PG&E warns that its customers can expect to see
their winter bills increase by about $25, to an average bill of $75 (compared
to $50 last winter). These are just a few examples of utility companies
across the United States playing damage control, trying to minimize the
customer outrage when customers suddenly see their bills double or triple.

Along with their warnings, these utilities give reasons*perhaps seen as
excuses by the public*for the rising cost of energy. There is a shortage
of natural gas across the country, brought about by a drop-off in production.
It was an unusually hot summer, which depleted supplies for energy. Demand
in general has grown to surprising levels.

Meanwhile, start-up online companies that many of us have not even heard
of are using the rise in natural-gas prices as a golden marketing opportunity,
and attempting to take business away from traditional utility companies.
SmartEnergy is a perfect example. In existence just since April 1999,
SmartEnergy offers electricity and natural gas to residential and small
business customers. According to EnergyGuide.com, for an average home in
New York City, SmartEnergy's natural-gas rates typically have run about
$189 per month, compared Con Edison's $140. Under its new promotion,
SmartEnergy's
plan for natural gas guarantees that New York City and Westchester gas
customers who sign on with their service now will be locked into current
natural-gas rates for the next 12 months. This promotion comes at an ideal
time for those who opt to switch, as natural-gas prices should begin their
projected sharp increase over the next few weeks. Based on recent forecasts,
SmartEnergy is claiming that Con Edison customers who make the switch can
expect to save up to 40 percent on their energy through the winter months.
The start-up company also is offering 500 United Airlines Mileage Plus
Reward Miles credit and $25 sign-up bonus to entice customers away from
Con Edison.

Based on the available information about SmartEnergy, it is unclear how
the online provider will be able to guarantee the 40-percent reduction
in natural-gas rates. I would presume that SmartEnergy has entered into
some hedging strategies to minimize its risk in the event that natural-gas
prices remain high into the next year. Any prudent provider would have
a hedging strategy to protect itself, and locking itself into 12-month
contracts without its own contracts for obtaining natural gas at spot market
prices would certainly raise questions about the future of SmartEnergy.
In addition, SmartEnergy will have difficulty in recruiting customers away
from Con Edison and other utility providers. Many customers still have
reservations about signing on with an online company that they do not know.
There will be some customers who jump at the chance to lock in current
rates for 12 months, but many others will stick with the company that they
know even if their rates increase.

I did a quick search around Con Edison's Website to see if it might be
offering an alternative offer to retain its customers, but could find nothing
that the utility is doing to specifically address the projected increase
in natural-gas prices this winter. Con Edison does offer a level billing
program in which customers receive a consistent bill amount each month,
alleviating fluctuation in their bills. Yet, as a utility company, Con
Edison has a standard offer of service that regulators closely monitor.
It is possible that Con Edison could request changes to the standard offer
service, which would likely need to be approved by the New York Public
Service Commission. The PSC could agree, or determine that the competitive
offers by providers such as Smart Energy are a positive result of
deregulation.
In addition, Con Edison could be hampered by fuel contracts that may not
allow it much flexibility with regard to lowering its rates. Overall, Con
Edison probably does not have a lot of flexibility regarding the rates
it can charge customers, thereby making this offer from SmartEnergy difficult
to beat.

The other online start-up taking advantage of natural-gas prices is
myHomeKey.com,
which made a recent promise to reduce home heating, oil, natural-gas, and
electricity rates. The marketing route that this online start-up is taking
is energy efficiency*teaching households how to more effectively use their
energy and, hopefully, save money as a result. Energy is not the only service
of the myHomeKey.com; it is also involved in home maintenance and repair,
appliances, home monitoring and moving services. Yet, I learned that
myHomeKey.com
just recently launched co-branded sites with KeySpan Corp. and TXU Energy
Services to "provide millions of local customers" with the ability to check
energy efficiency in their homes.

What's important to note about these two developments is the advantage
that online energy providers have over traditional utilities. As utilities
try to disengage themselves from regulatory-bound rate structures, online
companies have the freedom and flexibility to offer attractive products
and billing options to customers in deregulated states. There are the online
providers that we know about, such as Utility.com and Essential.com.
Utility.com
has not yet started to sell natural gas, although it has established a
partnership with Sempra Energy in which Sempra Energy Trading will sell
natural gas in deregulated markets via the Utility.com Web site. Utility.com
plans to start selling natural gas by the end of this year, but it has
not developed any marketing campaign in this regard. Essential.com continues
to open up its service across the Mid-Atlantic and Northeast regions. Yet,
on a weekly basis, new start-up online energy providers surface, eager
to grab their own share of the retail market.

I also wonder where The New Power Company is in all of this rush to capitalize
on the marketing opportunities surrounding the rise in natural-gas prices.
It would seem like a natural for TNPC to make a big splash with its own
marketing efforts, as it already promises lower prices for both natural
gas and electricity. In any event, as the natural-gas shortage may become
a public relations nightmare for utility companies across the country,
it conversely could work to the advantage of the more agile online providers
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---------------------- Forwarded by Dana Davis/HOU/ECT on 07/10/2000 08:56 AM
---------------------------

05/30/2000 04:02 PM
Sharon Tanner@ENRON
Sharon Tanner@ENRON
Sharon Tanner@ENRON
05/30/2000 04:02 PM
05/30/2000 04:02 PM
To: Dana Davis/HOU/ECT@ECT
cc:
Subject: ACT: New DSS Change Password Procedure

fyi...
Thanks.
---------------------- Forwarded by Sharon Tanner/GPGFIN/Enron on 05/30/2000
04:02 PM ---------------------------

GPG DSS
05/08/2000 11:06 AM
To: GPG Decision Support A-B, GPG Decision Support C-D, GPG Decision Support
E-HA, GPG Decision Support HE-MC, GPG Decision Support ME-Q, GPG Decision
Support R-S, GPG Decision Support T-Z
cc:

Subject: ACT: New DSS Change Password Procedure

To All DSS Users,

Currently there is no mechanism for changing your password on DSS.

On May 15, 2000, we will be putting a new procedure into effect that will
function similarly to the LAN change password procedure.  Passwords for DSS
users will begin to expire in early June, and every 60 days thereafter.  You
will be receiving 5 Password Expiration e-mails as the deadline approaches.
Each of these messages will notify you that your DSS password will expire in
the specified time interval.

These e-mails will be sent as follows:
E-mail  #1 - 2 weeks before expiration date
 #2 - 1 week before expiration date
 #3 - 2 days before expiration date
 #4 - 1 day before expiration date
 #5 - The day the password expires

We now have a new module that will allow you to change your password.  When
this module is executed, a window will display which will prompt you for your
current password, New password, and repeat New password.  There are certain
criteria that the new password must meet for it to successfully change.
Follow the instructions on this window to choose a new password.  You may run
this module anytime, but once you change your password, the module must be
closed before it can be run again.

Please Detach (double-click) the following module and save it in the location
that you normally save your DSS modules/databases.  This may be on your hard
(C:) drive or personal (H:) drive.  As long as you remember where it is, it
really doesn't matter where you save it.  When the time comes, Execute
(double-click) the module to change your DSS password.

If you have any questions or problems, please call the DSS HelpDesk at
x31555, option 6 OR Lotus Notes e-mail at GPG DSS.

Thank you.