Dear Jeff,

As I am back to the drawing board and start planning for the  Global
Leadership Program 2002, I would like to ask for your continuous support.
The visits this year to the  offices in London and Tokyo have received most
favorable feedback and ENRON  was mentioned several times during our GLP
symposium by both groups.  Your innovative ideas and global views has
enriched their  MBA experience.  Quoting directly from one of the students
this year:  " ... a wonderful, life-altering program.  The trip was truly an
amazing experience, one that was both personally and academically rewarding.
Hopefully, the GLP will remain an essential part of the Cox experience for
many years to come."

I would really apprecite the opportunity for the incoming class to visit
ENRON  in London and Tokyo during their GLP trip in May if possible.  Again,
thanks for everything and I look forward to hearing from you.

Warm Regards,
Linda Kao
Director of MBA International Programs
Edwin L. Cox School of Business
Southern Methodist University
Tel:  (214) 768-4754
Fax:  (214) 768-3956
lkao@mail.cox.smu.edu


FYI.
---------------------- Forwarded by Michelle Lokay/ET&S/Enron on 11/22/2000
11:39 AM ---------------------------

	From:  Michelle Lokay                           11/22/2000 11:43 AM

To: Kevin Hyatt/ET&S/Enron@Enron
cc:

Subject: Year 2000 Accomplishments

Executed firm transport contract with Oneok at maximum tariff rate for
California deliveries.  Took advantage of widening market basis spreads; will
generate $2.7 million in revenue.  Because the original terms had ROFR
language dictating up to max rate only, included was a revenue sharing
mechanism if contract is ever released above max rate.  The mechanism
provides an opportunity to generate market based transport.
Settled dispute with Burlington involving volume commitments under various
pipeline pressures.  Dispute was originally at $3 million dollars, negotiated
potential damages down to $100,000 in credits on prior transport invoices.
Deal also included re-execution of Interconnect and Operating Agreement for
lower volume commitments based on seasonality, thereby eliminating future
potential dollar exposure.
Completed new facility interconnect with EOG for additional 30,000/day of
supply on east end of system.  Potential opportunity for future transport or
park and ride agreement.
Worked with Accounts Receivable to identify outstanding facility invoices.
Located over $600,000 on Northern.
Executed agreement with Cima Energy to be a new customer on Transwestern.
Worked as liaison with programmers to enhance Deal Profitability system.
System now is also linked with the Risk Management System with weekly basis
quote feed to ensure more real time data.
Co-ordinated Open Seasons with internal and external contacts.  Worked with
programmers to enhance IOS system to handle maximum rate bidding and other
e-commerce efforts.
Provide backup to both Short Term deal origination and contract processing.
Working with Eprime and SPS on potential power plant interconnect of up to
200,000/day on east end of system.
Working with Eprime to become a new shipper on system from San Juan to East
of Thoreau.
Monitor daily basis differentials to maximize additional transport rate
opportunities.
Working with Market Services and Contract Administration to identify
underutilized transport agreements for additional marketing opportunities.


Please let me know if "E" calls so I can enlighten you on the possibilities.

Have a Good weekend !!!!!

dp

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


FYI

From:	Terry W Donovan/ENRON@enronXgate on 06/05/2001 06:23 PM
To:	Berney C Aucoin/ENRON@enronXgate, Edith Cross/ENRON@enronXgate, Brad Morse/ENRON@enronXgate, Todd Perry/ENRON@enronXgate, Stephen Swain/ENRON@enronXgate, Minal Dalia/HOU/EES@EES, LaCrecia Davenport/ENRON@enronXgate, Darin Schmidt/ENRON@enronXgate, Rogers Herndon/ENRON@enronXgate, Don Black/HOU/EES@EES, Vladimir Gorny/ENRON@enronXgate, Joseph Wagner/ENRON@enronXgate, Misty Barrett/HOU/EES@EES, Terry W Donovan/ENRON@enronXgate
cc:
Subject:	Meeting

Please plan on attending a meeting at 10am Thursday morning June 7 to follow-up on our previous discussions regarding the EES contract reviews.  The goal will be to discuss everyone's progress to date and exchange feedback on the Contract Database, along with discussing the broader goals and process of completing review of the entire contract list.

As you may have seen from the latest Project Status Report the contracts have been proiritized in an attempt to focus our efforts on the higher impact relationships.  We should begin to establish timelines for these agreements and discuss expectations for the deliverable product.

I will follow-up with the location of the meeting but wanted to go ahead and reserve the time with everyone.

Terry Donovan
x30442


Teresa,
 I think that the problem is what is meant by "these costs".  Currently we
think that it will be negative, but until we get the allocations, we won't
know.  That is the reason we want to go monthly.  Is there a problem getting
them to sign something if we need to do it for another month.  The terms may
be different with regard to next months deal.  Please advise.

	Teresa G Bushman
	04/24/2001 09:41 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Charles H Otto/HOU/ECT@ECT, Joan Quick/Enron@EnronXGate
		 Subject: Re: St. Mary's Letter Agreement

But in any event don't we want St. Mary's to cover these costs?

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com

	Dan J Hyvl
	04/20/2001 02:56 PM

		 To: Teresa G Bushman/HOU/ECT@ECT
		 cc: Charles H Otto/HOU/ECT@ECT, Joan Quick/Enron@EnronXGate
		 Subject: Re: St. Mary's Letter Agreement

Teresa,
 I have reviewed the revisions to the VPP transaction with Charlie Otto.  We
have a concern relating to the term.  The term of this letter should be for
the period ending April 30, 2001.  The reason for our reluctance in extending
the term is that we do not know what conditions Texas Gas may put on the next
OFO nor do we know what conditions El Paso may put on the processing.

	Teresa G Bushman
	04/19/2001 05:45 PM

		 To: Charles H Otto/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc: Joan Quick/Enron@EnronXGate
		 Subject: St. Mary's Letter Agreement

Attached are the St. Mary's letter agreement incorporating some revisions
relating to the VPP transaction and a marked copy showing changes from the
last draft distributed.  Please let me know if you have any questions or
comments or advise Joan if these revisions are OK.  Thanks.

Teresa G. Bushman
Enron North America Corp.
1400 Smith Street, EB 3835A
Houston, TX  77002
(713) 853-7895
fax (713) 646-3393
teresa.g.bushman@enron.com


Hello Joseph ("Me"),

I went to the party...it was nice, as they always are, lots of very low cut
dresses and people politicking ...not my first choice of how I like to spend
my Saturday nights !!   Are you going to the ENA party ?  I am not surprised
you slept most of the weekend ...you were exhausted on Friday...I could
barely get a smile out of you :<)
I was prepared to play "crisis hotline" this weekend....I thought at some
point you might start feeling out of sorts and need to talk.  I'm curious how
much of last Wednesday nights conversation you remember....hummmmm  !?!?
I'm heading to Vegas Wednesday ...returning Friday evening ...decided  it
wasn't a good idea for Jay to meet me out there...severing the ties is
tough...don't you agree ?!?!
Melba, who is in production, is out today...with hope, she will return
tomorrow and we can set something up tomorrow afternnoon  ...that's what I'm
shooting for, if she doesn't return, I'll leave a message for her to set
something up with you.

Have a nice afternoon ...glad you caught up on your sleep !

Joe Stepenovitch@ECT
12/04/2000 09:59 AM
To: Teresa Mandola/Corp/Enron@ENRON@ECT
cc:

Subject: Re: Hourly

Good Morning,

How was your weekend? Mine was uneventful.  I slept most of the weekend like
a bum!!!  Did you go to your party?  What are your plans this week?  I'm
working all week, lets set something up this week with EOL...like we talked
about on Friday.....By the way it was nice seeing you that afternoon!!!  I'll
e-mail you later..

-me

Teresa Mandola@ENRON
12/01/2000 01:25 PM
To: Joe Stepenovitch/Corp/Enron@ECT
cc:

Subject: Re: Hourly

Joseph,

I think we e-mailed each other right at the same time this morning....that's
scary !!!  Glad you're alive !
My plans: I might meet a couple of Coral traders early (4:30ish), but they
are hung over from a dinner last night ...ooops...I'd invite you to join us,
but I imagine you're heading straight  home to bed this evening .   Tomorrow
my new dinning room suit is getting delivered (yeepie  !),  Enron Net Works
party Saturday night (I think my date, Jay, has forgotten...isn't that swell
?!) and Sunday ....relax :)

T.

Joe Stepenovitch@ECT
12/01/2000 11:18 AM
To: Teresa Mandola/Corp/Enron@Enron
cc:

Subject: Re: Hourly

Good Morning,

Well I'm alive....  How are you feeling today?  I need to get some sleep!!!!
I'm so tired...  What are your plans for the weekend?  I have no plans as of
yet..

Rudy is out of town but I can speek for both of us.  I'm good like that...
We are ready but I think we should all sit down together again.  I have some
different ideas.  Now that I'm on days, it will be easier to set up this
meeting. Let me know when there ready to meet.  Gotta run... I'll e-mail you
later.  Have a good day!

Teresa Mandola
11/30/2000 05:19 PM
To: Rudy.Acevedo@enron.com, Joe.Stepenovitch@enron.com
cc:

Subject: Hourly

Good Afternoon Gentlemen:

The production group would like to know if you're ready to take hourly
on-line ?!  The testing as gone well and the only thing on this side left to
do is load up production database.  I understand this is very time consuming,
therefore, they would like to have a better idea of your time frame and if
you're interested in all hubs discussed earlier.

By the way, thanks so much for last night ....you guys were loads of fun !

T.


No problem.


Frank,

We shall be glad to meet you in Houston. I am sure that we can find many
interesting
topics to discuss

We can pay for your trip to Houston. I shall call you next week to discuss
the details.

Vince

"Francis X. Diebold" <fdiebold@stern.nyu.edu> on 04/11/2000 04:15:40 PM
To: Vince Kaminski <vkamins@enron.com>
cc:
Subject: visit?

Dear Vince,

I very much enjoyed speaking with you at lunch, if only briefly, at the
&Finance Festival.8  We
have more common interests than I realized at first, as I am interested
not only in weather
derivatives, but also in the financial econometrics of risk management,
broadly defined.  And
moreover, business interests have recently led me to focus on electronic

trading and brokerage
issues.  A quick check of my web page will give you a good idea of the
range of my interests; see
http://www.stern.nyu.edu/~fdiebold.

The upshot:  It seems to me that we would both benefit from a more
extensive conversation.  I
would be happy to visit you in Houston to learn more about your
operations, and to tell you more
about mine.  Please do let me know if you are interested.

Best regards,

Frank Diebold

--
Francis X. Diebold

Armellino Professor of Finance
Stern School of Business
New York University
44 West 4th Street, K-MEC, Suite 9-190
New York, NY 10012-1126

fdiebold@stern.nyu.edu
http://www.stern.nyu.edu/~fdiebold
(212) 998-0799  office telephone
(610) 585-4057  voicemail
(212) 998-0351  fax


Vince,

Two things.  Do you have any comments on the interview document?  Second, I
want to submit a proposal to the European Financial Management Association
meetings for next May based on our paper.  The meeting is in May and is
held in Paris.  Hope you can come (assuming the program committee likes our
proposal--I won the best paper award at last year's meeting so maybe we can
do it again).

Looking forward to hearing form you so I can get Bob's response to the
questions.

John

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


---------------------- Forwarded by Sheila Glover/HOU/ECT on 06/01/2001 09:15
AM ---------------------------

	From:  Sheila Glover                           06/01/2001 09:15 AM

To: Cheryl Nelson/NA/Enron@Enron
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Contractor Service Agreement

Cheryl,
Please do a legal review of this Contractor Service Contract.  The agreement
is based on the Psytech agreement which had been previously reviewed by legal.
If possible, I would like to get this turned around today.
Thanks. Sheila


let me work on this today.

Dan J Hyvl
09/05/2000 11:22 AM
To: Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: Master Sales/Purchase

Any word yet?
----- Forwarded by Dan J Hyvl/HOU/ECT on 09/05/2000 11:22 AM -----

	Michael W Morris
	09/05/2000 10:31 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Master Sales/Purchase

Dan, did you ever hear back from Russell?

Dan J Hyvl
08/28/2000 15:43
To: Michael W Morris/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT
cc:
Subject: Re: Master Sales/Purchase

Mike, I will start on the master as soon as I get the credit worksheet.

	Michael W Morris
	08/28/2000 02:58 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Master Sales/Purchase

Dan,
I need a Master Firm Purchase/Sale Agreement in place with Intercontinental
Terminals Company.
This company is located at 1943 Battleground Road, P.O. Box 698, Deer Park
Texas 77536-0698.
My contact is Lynn Bingham (281) 884-0312. They have showed interest in doing
a  fixed rate. That
is why I would like for them to sign a Master contract at this time. That way
when we agree on a price
we can act on it without having to wait on getting them approved. They passed
along to me that they
are a sister company of Global Octane. Call me with any questions.


----- Forwarded by Gerald Nemec/HOU/ECT on 04/19/2001 01:26 PM -----

	"Meier, Peter" <peter.meier@neg.pge.com>
	04/19/2001 12:50 PM

		 To: "'gerald.nemec@enron.com'" <gerald.nemec@enron.com>,
"'steve.van.hooser@enron.com'" <steve.van.hooser@enron.com>,
"'lisa.mellencamp@enron.com'" <lisa.mellencamp@enron.com>
		 cc: "Barron, Bob" <bob.barron@neg.pge.com>
		 Subject: LETTER OF UNDERSTANDINDG

 <<PGESpreadvaluationdefinition 4-19.doc>>

I went ahead and made the conforming changes I thought needed to be made to
the Spread Calculation and have one question identified.  Please review and
sign off so that we can attach to execution document.  Peter

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

 - PGESpreadvaluationdefinition 4-19.doc


New England Power Company is authorized for US physical power products EOL
under the GTC only

The following counterparties are not authorized to trade US power products --
restricted by credit.

Please contact me with any questions.

	Tana Jones
	12/28/2000 05:04 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Leslie
Hansen/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
Alison Keogh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT, David Portz/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 12/28/00

----- Forwarded by Tana Jones/HOU/ECT on 12/28/2000 05:03 PM -----

	Bradley Diebner
	12/28/2000 04:25 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron
		 cc:
		 Subject: EOL Credit Responses 12/28/00


i don't shave my legs, but honestly - i like those op shorts.  if you know
where i can get some let me know.  i don't have an alchohol problem you do.
what is aa like?


IF-NNG TOK is a derived curve.  It is based off of IF WAHA TX.  That appears
to have moved considerably in the last month.  Shout with any more
questions.  Thanks.
PL


Attached are EOL approvals for both today and yesterday.

Also, for future reference, please contact Wendi LeBrocq who will be assuming
my duties as the EOL administrator within the Credit Risk Group.  Thanks!


Before leaving for the August congressional recess, Senator John McCain (R-AZ) and Senator Joseph Lieberman (D-CT) made a joint statement on the Senate floor calling for an economy-wide cap and trade program to reduce greenhouse gas emissions.  Please see the attached copy of their floor statements.
They laid out a timeframe for consultation with stakeholders, including U.S. industry, and development of legislation this fall.
This follows a series of legislative activity in the Senate since the conclusion of the international climate change negotiations in Bonn, Germany in July.  At the talks, without the support and direct participation of the U.S., nations agreed to continue to develop the rules for the Kyoto Protocol with a target date for ratification by 2002.
Other Senate activity includes:
Committee approval of climate change legislation sponsored by Senator Robert Byrd (D-W.Virginia) and Senator Ted Stevens (R-AL).  The bill would require development of a U.S. climate change response strategy with a long-term goal of stabilizing greenhouse gas emissions in the U.S.  The strategy would seek ways to mitigate emissions and promote technology innovation, climate adaptation research and efforts to resolve scientific and economic uncertainties.  It would authorize spending of $4.9 billion over 10 years.
Passage of a non-binding resolution in the Senate Foreign Relations committee calling for the U.S. to engage in the climate change negotiations.
Introduction of legislation by Senator Frank Murkowski (R-AL), Senator Chuck Hagel (R-NE), Senator Larry Craig (R-ID) and others that provide for tax incentives for energy efficiency and clean energy technologies, increased research on climate science and government coordination on climate change.
Introduction of legislation by Senator Sam Brownback (R-KS) and Senator Ron Wyden (D-OR) to enable reporting and provide credit for land management and sequestration under a national climate change program.
Upcoming Administration and Congressional Activity
Despite statements made last week by EPA Administrator Christine Whitman and National Security Advisory Condolezza Rice, White House Chief of Staff Andrew Card said yesterday that the Bush Administration would likely have an alternative climate change proposal for consideration at the next negotiations in Morocco in late-October.
A key issue remains whether the Bush Administration will support mandatory programs to reduce greenhouse gas emissions, like a domestic cap and trade system.  In March, President Bush said he would not support mandatory regulation of carbon dioxide emissions at power plants.  As recent events suggest, consideration of mandatory programs and emissions trading, including regulation of carbon, will be on the Senate agenda this fall.   Approaches to reduce greenhouse gas emissions will be considered through hearings and committee consideration of climate change legislation, multipollutant proposals and New Source Review reform.
Enron's Advocacy
Enron will continue to promote its multipollutant proposal as a model for a domestic cap and trade program -- that could also provide a framework to address carbon emissions.  We will also offer our expertise on emissions trading and risk management to the Administration and Congress as they consider options to address climate change.
I will keep you posted on the status and movement on these legislative proposals.  Please feel free to contact me with questions about any of these proposals.
Please see links to several related news stories below:
Aide: Bush Warming Plan Likely
Card Is 'Optimistic' Kyoto Alternative Will Be Ready by Fall
http://www.washingtonpost.com/wp-dyn/articles/A35811-2001Aug5.html
McCain, Lieberman Urge Greenhouse Gas Curbs
Senators Press Bush on Global Warming
http://www.washingtonpost.com/wp-dyn/articles/A29163-2001Aug3.html

Lisa Jacobson
Enron
Manager, Environmental Strategies
1775 Eye Street, NW
Suite 800
Washington, DC 20006

Phone: +(202) 466-9176
Fax: +(202) 331-4717


George,

I agree with your suggestion, and will make the request to GE.

Kay

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/08/2000 01:55:51 PM
To: areynaud@coral-energy.com, dwhaley@coral-energy.com,
TSeigler@coral-energy.com, Ben.F.Jacoby@enron.com, Kay.Mann@enron.com,
CCampbell@KSLAW.com, JKeffer@KSLAW.com
cc:

Subject: Section 17.4.4 of Facility Agreement

The second sentence of Section 17.4.1 of the Facility Agreement should
be revised to read as follows:

"If the Maximum Liability Amount (less any unpaid portion of the
Purchase Amount) is greater than the Proper Scope Value the difference
between such amount and the Proper Scope Value (the "Refund Amount")
shall be settled between the parties in accordance with Section 17.4.4
below."


I have written a short outline of the task at hand.  Jim and Jonathan, could
you please review/correct/elaborate?

Thanks,
Vasant


(See attached file: ng060702.pdf)

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This came to me last week. I think it is a repeat of the previous letter. Do
you need to disclose it.
----- Forwarded by Richard B Sanders/HOU/ECT on 02/12/2001 10:53 AM -----

	"Linda Stout" <meaness5@hotmail.com>
	02/05/2001 02:31 PM

		 To: Richard.B.Sanders@enron.com
		 cc: meaness5@hotmail.com
		 Subject: complaint against gleason power plant.

                                                 SEPT.20,2000
>Dear Sir,

>My Name is Linda Stout and i live at 1735 Janes Mill RD,
>when people ask what the people where doing drilling down the road from us
>they were told that it was a well for water or some sort not a power plant
>that would keep you up at night or morning.
>I have a good reason for complainting as well as everyone eles down or up
>the road from us because the noise is so annoying and no one wants to come
>to your house to visit neverless to say we have jobs just like everyone
>does and like myself works nights or day and our childern need there rest
>but no one seems to care about that and the noise cont.
>THE NEWSPAPER said something about it could blow up if the man caring for
>it didnt do his job well dont that make me feel better knowing that my
>family isnt safe in their own home.
>It's 8:20pm right now and it sound like there is a bad storm outside
or a disturbance that the law would be summons to and if this was a party
making that much noise there would be people in jail for it but good grief
that noise that the power plant makes would wake the dead and that is the
truth and yes i would like to get away from this but we dont like much
paying for our home but no one would dare buy it.
>Some guy name PETE came to our home awhile back and said he didnt even have
>to enter our home to see if it was loud he stood at the driveway and
saw that our windows were shaking, you wake up to dishes rattling wondering
whose is in the kitchen and it wont be anyone.
>I am not one to complain i try to keep peace among my neighbors because
>they have right to but it's to the point were none of our friends or family
>wants to come over to visit or talk or watch t.v because we have to yell
>what we are trying to say to each other or turn the t.v up so loud to
>drowing out the noise.
>Ihope we can come to some sort of understanding about this even if it means
>trading homes with you or who ever done this and atleast find time
in your busy work days to hold a meeting with the resident of JANES MILL RD.
to help solve this problem and concern we have because i feel we are atleast
intitled to that.
I have lived here for 3 peaceful years and every one said how beautiful and
peaceful it was and now they are glad they dont live here and that is sad
because i was proud of my home.
>WE feel like everyone at this power plant is avoiding us and our complaints
>but the problem is never going to be solved if we dont atleast meet and try
>to hear one another side to this i am sure it was built because we would
>need it and yes that was a good thing but what about the ones whom has to
>live here and suffer through it because we have no where eles to go and
>cant sell our homes we worked hard to buy
>because no one wants them.

                           thank you,
                                   LINDA STOUT AND THE REST
                                   OF THE JANES MILL RD RESIDENTS.

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


In this issue:
 - Feature: Development of Retail Power in Japan
 - New Section: RWR Global Utility Valuations
 - All the news, commentary, and earnings reports, plus price performance and valuation charts.
 <<prometheus011005.pdf>>
Best regards,
Cary, Peter and the Team

 - prometheus011005.pdf


You're the best!!!!!!!!!!!!!!!!!!!!

Heads up... Chris will be calling you about the billing/invoicing process
that CNR does. We are trying to get the stuff set-up in Sitara.

To ensure everyone is on the same page. TCO does not consider CNR gas as an
agency deal. TCO just allocates the wellheads to the appropriate pools. There
may be an agency agreement between CNR and CES and now Enron. Chris will talk
to Heidi about that.

To: Joan Veselack/Corp/Enron@ENRON
cc:

Subject: Re: CNR - CES producers to Enron

Hi Joni.  Just wanted to let you know that those agency designation forms
went out yesterday.
Thanks,
Heidi

Joan Veselack@ENRON
03/06/2000 10:37 AM
To: John M Singer/Corp/Enron@ENRON, James T Javins/DUB/EES@EES, Heidi
Griffith/DUB/EES@EES, Mary Theresa Franklin/HOU/ECT@ECT
cc: jlinken@colcnr.com, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Victor Lamadrid/HOU/ECT@ECT, Katherine L
Kelly/HOU/ECT@ECT, Robert Allwein/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON
Subject: CNR - CES producers to Enron

Okay... to ensure we are all on the same page. I've talked to Jill
Linkenauger and Heidi Griffith... and the following will be done.

Jill has forwarded to Heidi the CNR file for CES customers and their
addresses. Jill also forwarded the appropriate form that needs to be sent to
the producers, signed, and return to Enron.

Terry Franklin will be the Enron North America contact on the form for these
CNR producers (Jill estimates about 50 CES producers).

Later this week, Heidi will send the form to the CNR's CES customers. Heidi
will put Terry's phone number and address on the form.

We will need the Appalachian Traders (John Singer, Jim Javins, Jill
Linkenauger) to encourage the producers to sign this paper work and get it
back to Enron ASAP. We want the change over done by April estimates.

Jill said if the change did not happen in time for April estimates, she would
help send out the ascii file one more time. At the end of March, Jill will
end her employment with CES... so we can't depend on her in the future months
for this ascii file.

Thanks again for everyone's help in getting the change over done ASAP.


Martin:

Thanks for the update!  It looks like great progress in being made.

Mark


Attached is our contact list.

>>> <Richard.B.Sanders@enron.com> 5/23/2001 8:22:00 AM >>>

Do you have a list of the PX participants committee that you could send me
by e-mail.

**************************
* Confidentiality Notice *
**************************

This message is intended solely for the use of the addressee(s) and is
intended to be privileged and confidential within the attorney client
privilege.  If you have received this message in error, please immediately
notify the sender and delete all copies of this email message along with all
attachments.  Thank you.
 - 1197575.pdf


-----Original Message-----
From: 	Philip, Willis
Sent:	Monday, November 19, 2001 2:15 PM
To:	Sturm, Fletcher J.; Benson, Robert; Presto, Kevin M.; Davis, Mark Dana; Gupta, Gautam; Broderick, Paul J.
Subject:	Enron buying

14:01 19Nov2001 RSF-INSIDE FERC: Midwest-Market 2: Lack of sellers forces high Enron bids - PGN311

Washington (Platts)--19Nov2001/301 pm EST/2001 GMT

One trader said that she found arbitrage opportunities on some of the online platforms, capitalizing on a 5- to 6-ct differential between prices posted on EnronOnline and those on IntercontinentalExchange. She confirmed that few market players are willing to sell to Enron, which is forcing Enron to bid at a premium.

Spot prices on ANR Pipeline in Oklahoma ranged from about $1.75/MMBtu early in the morning to about $2.36/MMBtu late, up from Friday's range of $1.38 to $1.58/MMBtu.

For Related News, Double Click on one of these codes:
[nPL4109800] [ENE.N] [US] [NGS] [PGN] [PLTN] [LEN] [ENE] [US] [NGS]
 Monday, 19 November 2001 14:01:20
RSF [Historical News] {C}
ENDS

Willis Philip
Enron Wholesale Services
East Power Trading
(713) 853-0961


Davis Blames Crisis On State Republicans
But Democratic controller points at governor
Carla Marinucci, John Wildermuth, Chronicle Political Writers
Sunday, April 1, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/04/01/M
N154353.DTL
Anaheim -- The politics of energy dominated the state Democratic convention
yesterday, as anxious delegates gave a lukewarm reception to embattled Gov.
Gray Davis, who clashed bitterly with party rival, Controller Kathleen
Connell.
Speaking at the Anaheim convention center, where dimmed lights were a
constant reminder of yesterday's Stage 2 alert, Davis blamed California's
energy woes on former Gov. Pete Wilson, Republican lawmakers and the Federal
Energy Regulatory Commission, which, he charged, has failed to regulate
greedy energy firms selling power at "out of control prices."
He insisted that he was not sure rate increases were necessary, refusing to
say whether he would support huge hikes backed by the Public Utilities
Commission last week. He suggested, however, that he favors a system of
tiered electricity pricing.
"These Republicans -- who were so enamored with deregulation just five years
ago -- have become even more enamored with criticizing me as I try to clean
up their mess," the governor said to tepid applause from the 1,900 delegates.
"This deregulation disaster was authored by a Republican legislator,
passed by a Republican Assembly, signed into law by a Republican governor and
implemented with undue haste by a Republican PUC."
But the governor's Republican-bashing was overshadowed politically by an
attack by state Controller Connell, a candidate for Los Angeles mayor -- who
rejected what she called Davis' "finger-pointing" and assailed his handling
of the crisis. The dramatic development demonstrated both deepening rifts
within California's ruling party and the high political stakes of the energy
crisis.
"There will be no excuses for Democrats in this state, because we dominate
state government," Connell said in a convention speech in which she also
outlined proposals to require "power hogs," such as malls, to install their
own microgenerators.
"I spent the past eight years making sure the state had a surplus, and now
I'm seeing it eaten away every day by energy costs. . . . Whatever solution
(the governor) provides must come fast and be shared openly with the people
of California," she said in a dig at Davis, who has been criticized for
moving too cautiously and for resisting disclosure of energy contracts to the
public.
Warning of the costs of "a delay and an incremental approach to an indefinite
problem," she said, "I won't stand by and allow the consumers to pick up the
tab."
DAVIS DEFENDS POLICIES
Asked to respond to Connell's critique, Davis told reporters, "I believe
we've moved at warp speed to address this problem. . . . We've kept the light
on most days."
The governor, who endorsed Connell's opponent, former Assembly Speaker
Antonio Villaraigosa for mayor, then added, "It might be if she's not happy
with that, she can run for governor next time."
Garry South, the governor's senior political adviser, was even more caustic,
lambasting Connell as a party infidel. "This is why Kathleen Connell doesn't
have a friend in all Los Angeles," he said. "She's been picking on the
governor since day one."
"It's all air," he said of her talk. "Not only hot air but a foul wind."
In an interview while campaigning later in the day, Connell toughened her
rhetoric, saying, "The emperor has no more clothes here in California."
"We are well into the fifth month (of the energy crisis) and we have yet to
find any answers from the administration," said Connell, who promised to
release her own detailed solutions to the crisis next week.
Unlike many Democrats at the convention, festooned with "Wilson Did It"
signs, she rejected as "irrelevant" the suggestion by Davis that Republicans
were to blame for California's energy woes.
"Californians are wearying of this finger-pointing and closed-door
negotiations and extended debate," she told The Chronicle. "The public is no
longer going to be patient with us. They're going to hold the governor
accountable when they get the bill."
CONNELL LAGGING IN POLL
Connell, who is forced by term limits to give up her post as controller next
year, has lagged in her campaign to become mayor of Los Angeles. With 10 days
to the election, a recent poll showed her running fourth behind City Attorney
James Hahn, Villaraigosa and businessman Steve Soboroff.
Despite Davis' words and speculation among delegates, Connell denied she was
eyeing the governor's seat for the future. "I'm not looking two or three
years down the line," she said. "But I hope the governor is looking toward an
immediate solution to this problem."
The governor's speech was his first since the PUC announced rate increases of
as much as 46 percent. Davis refused to say whether he would support the
immediate rate increase approved by the PUC but suggested that he would back
a tiered billing system.
"If a rate increase becomes absolutely necessary to keep our lights on and
our economy strong, you can be sure of one thing from this governor," Davis
said. "I'll fight to protect those least able to pay, reward those who
conserve the most and 'motivate' those who are the biggest guzzlers to cut
back."
He later dodged reporters' questions about specifics, repeatedly saying that
within the next two weeks he would release a statement detailing "what, if
any" increases were needed.
"Many advisers from Wall Street are running numbers, and they appear to be
different from the PUC's," he said.
Davis also said he has already done a lot to address the crisis and had "kick
started" construction of new power plants and successfully promoted
conservation programs.
Some of Davis' backers at the convention, watching the squabbling, expressed
concern about some of the governor's tactics.
"People want a leader to lead," said Susan Leal, San Francisco's city
treasurer. "They're looking for someone to come out and take command,
regardless of who started this."
But, she said, Davis is a tough and smart politician, and "people are still
going to be forgiving if (the governor) does something to attack the
problem."
OTHER DEMOCRATS BLAME GOP
Other Democratic Party leaders were also quick to defend Davis and to blame
Republicans.
Terry McAuliffe, chairman of the Democratic National Committee, suggested
that President Bush has ignored California's energy problems because "he's
worried to death about Davis running for president."
California is the world's sixth-biggest economy, McAuliffe noted in an
interview, and Bush "has basically written it off, saying, 'Good luck to you.
You're not getting any help.' "
Art Torres, chairman of the state Democratic Party, said Davis "is attacked
every day by the backbench Republican yahoos in the Legislature" and
predicted that public concern over energy would ebb by next year's election.
"We're looking at issues that are going to transcend the energy issues we see
now," Torres said, such as crime and violence in the schools, economics, the
environment and abortion.
But political analyst Sherry Bebich Jeffee said Connell's criticism was
evidence of a party split and perhaps "the opening salvo in 2002," when Davis
is up for re-election.
Davis's entire party, she said, could be in trouble if voters get fed up with
higher energy bills.
"Do the math," said Jeffee, noting that Democrats hold all but one state
office and control of the both houses of the Legislature. "If you're going to
throw the bums out, the bums in this state are mostly Democrats."
E-mail Carla Marinucci at cmarinucci@sfchronicle.com and John Wildermuth at
jwildermuth@sfchronicle.com.


I am on the boards on Harris County Children's Protective Services and
International Swaps and Derivatives Association.  Mark


Holiday Party at The Museum of Fine Arts Houston invites all Enron employees
to the 14th Annual Corporate Partners Holiday
the MFA! Party to celebrate the partnership of business and the arts.  Stroll
through exhibitions, sample a selection of delicious
 desserts, and enjoy festive holiday entertainment with your family.  Create
your own holiday craft and have a keepsake
 photograph taken of you and your family!  RSVP at 713-639-7585 and mark your
calendars for:

 Tuesday, December 12
 7:00 p.m. to 9:00 p.m.
 The Museum of Fine Arts - Caroline Wiess Law Building
 1001 Bissonnet


-----Original Message-----
From: 	"publications@enerdata.com" <publications@enerdata.com>@ENRON [mailto:IMCEANOTES-+22publications+40enerdata+2Ecom+22+20+3Cpublications+40enerdata+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, July 04, 2001 10:45 AM
To:	undisclosed-recipients:;@ENRON
Subject:	July 2001 CGPR

 - cgprJul01.pdf


Thank you for your request. You will be notified by email when your request
has been processed. You can check the progress of your request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000034917&Page=
MyReq.


- The Paradox of Our Time.doc
 - jschoene.vcf


Tana:

None of the following CPs are authorized to trade US power:

Louis Dreyfus Plastics Corp. - restricted by credit
Citation Crude Marketing, Inc. - restricted by credit
Lyondell Chemical Company - restricted by credit
Terra Industries, Inc. - not a current trading partner/not FERC approved

Leslie


I think that is exactly right.  I suspect that the marketing guys could work
up a simple formula for determining our course of action depending on the
size of the revenue opportunity vs. the power cost/penalty.  Thanks. df

From: Randy Rice on 12/15/2000 07:53 AM
Sent by: Randy Rice
To: Drew Fossum/ET&S/Enron
cc: Charlie Graham/ET&S/Enron@ENRON, Dan Fancler/ET&S/Enron@ENRON, James
Centilli/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON

Subject: Re: Gallup Rebate

Drew, I plan to discuss this with Rich Jolly, and will call you with our
thoughts. I would suggest our plan be such that we do not just aoutomatically
shut down during these periods but work with marketing to create a cost vs.
benefit profile of when/if it may make sense to operate even when in a peak
state?
R2

	Drew Fossum
	12/14/2000 05:31 PM

		 To: James Centilli/ET&S/Enron@ENRON, Randy Rice/OTS/Enron@ENRON
		 cc: Susan Scott/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Dan Fancler/ET&S/Enron@ENRON, Charlie
Graham/ET&S/Enron@ENRON
		 Subject: Re: Gallup Rebate

Randy, this is the issue I left you the voice mail on.  Article 6 of the
Gallup Compression Services Agreement (which I am sending to you separately)
with ECS obligates ECS to "work in good faith with CDEC" to establish an
automated system that would automatically have alerted us to peak loading
conditions on CDEC's system.  We had a pretty good idea when we signed the
contract that ECS would not be able to complete that by the contract start
date, so we negotiated a fall back plan under which ECS is obligated to
"assist [Transwestern] in developing a manual system to accomplish the same
result and will hold harmless and keep [Transwestern] whole for all cost and
expenses" associated with the manual system.  We will fight with them about
who owes the $200k that James mentions below based on their failure to
"assist" us in managing the cost.  In the mean time, we need to make sure
that we are doing everything we can to get a handle on the situation to
mitigate future costs.  Do we have someone who is watching this out there?
We are running so full tilt on TW that we may not have as much flexibiltiy to
manage this situation as we expected, but let me know what we can do.  James
had heard that one hold up was the absence of a confidentiality agreement--I
guess between ECS and Transwestern--that would permit ECS to communicate to
us the details on how to access teh key info. from CDEC.  That sounds like a
BS excuse from ECS, but it that's what they are saying, let me know and we
can figure out a solution.  Thanks.  DF

James Centilli
12/14/2000 02:49 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Dan Fancler/ET&S/Enron@ENRON, Randy
Rice/OTS/Enron@ENRON

Subject: Gallup Rebate

Would you please contact Gerald Nemec and review the Gallup Compression
Service Contract in respect to the Load Control Management.  My understanding
was that ECS was to provide a means to access CDEC's online profile in order
for us to make a decision to avoid running the compressor during CDEC's peak
load periods.  We have not received access to this information which has
resulted so far in additional electric cost of $200,987.33 for the period of
July through September.  Additional cost will be incurred for the remainder
of this year, that I have not been able to review yet.  This cost is
averaging $79,000 per month if we continue to run the compressor as we have
in August and September.


Way c ool.

From: Reagan Rorschach/ENRON@enronXgate on 04/13/2001 11:36 AM
To: Kay Mann/Corp/Enron@Enron
cc: "David Fairley (E-mail 2)"
<8774984248@pagenetmessage.net>@SMTP@enronXgate, "David Fairley (E-mail 3)"
<fairleyd@pipeline.com>@SMTP@enronXgate

Subject: MDEA Comments

Kay -

I just spoke with Marvin, he seems pretty happy--just a few comments so far:

? the arbitration/dispute resolution clause needs to reflect what is in the
LOI
? weekends are not included in the definition of off-peak hours

Marvin, David and Robert are still reviewing and look to have additional
comments by early next week.

Reagan


-----Original Message-----
From: Murray, Paul
Sent: Mon 12/3/2001 7:33 AM
To: ken.lay@enron.com
Cc:
Subject: reporting to work on Monday

Ken,
Thank you for your email encouraging me to report to work today.  Unfortunately I am an employee of Enron Europe thus have already been fired.  The oversight that I  beleive PriceWaterhouseCoopers made in terminating my employment relates to the fact that, while I have created and managed a very successful portfolio of weather derivatives in the London office with a positive mark-to market, all trades were booked through ECTRIC and EFET which fall under Enron Corp.  My salary (and the salaries of my staff) are paid - and therefore the expense incurred- by EEL.  The oversight is that PwC should have recognized that I could have acted as agent for EEL and run off the portfolio thereby realizing positive cash to satisfy creditors of EEL.  It is too bad that we have administrators in London trying to handle a process of which they know absolutely nothing about.  Potential recovery for creditors -ignored.

Thank you

Paul Murray
(now in what is left of my London flat)
44-207-581-8251


Jane,

As we discussed, a new team has been assigned to cover your account.  We
would like to have a chance to visit with you soon to review your current
Asset Allocation and Investment Selection.  Below is new contact information
for your UBS PaineWebber account.

Michael G. Trahan
Account Vice President
713.654.0362
michael.trahan@ubspainewebber.com

David L. Shine
Vice President - Investments
713.654.0396
david.shine@ubspainewebber.com

R. Craig Rathjen
Senior Vice President - Investments
713.957.7040
robert.rathjen@ubspainewebber.com

Admins:

Tina Risper
713.654.0378

Ann Bennett
713.957.7042

UBS PaineWebber Inc.
1111 Bagby Street, Suite 5100
Houston, Texas 77002
800.553.3119
713.654.4723 (fax)

Kind regards,

Michael

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


Guys,

Please disregard the two previous emails from Donald Robinson about a schedule going real-time on Monday. Real time should not take any action about this tag as the schedule is not cut. If you have any questions please refer to tag 22900.

thanks,
Monika


Shirley,

Please, put it on my schedule.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/05/2000
02:47 PM ---------------------------

"Piazze, Thomas" <piazzet@wharton.upenn.edu> on 04/05/2000 02:47:10 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Test

Vince:  My schedule indicates that should be a good day to be on campus, so
let's plan for it.

Please forward to me those brief topic write-ups you promised so that I can
schedule appropriate faculty to meet with you.

Thanks.

TOM

> -----Original Message-----
> From: Vince.J.Kaminski@enron.com [SMTP:Vince.J.Kaminski@enron.com]
> Sent: Wednesday, April 05, 2000 11:08 AM
> To: piazzet@wharton.upenn.edu
> Cc: Vince.J.Kaminski@enron.com; Shirley.Crenshaw@enron.com
> Subject: RE: Test
>
>
> Tom,
>
> The conference in New York is held on  May 18 and May 19. I can visit
> Wharton
> the day before.
>
> Vince Kaminski
>
>
>
>
> "Piazze, Thomas" <piazzet@wharton.upenn.edu> on 04/05/2000 08:40:55 AM
>
> To:   "'Vince J Kaminski'" <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  RE: Test
>
>
> Vince:  I enjoyed talking with you yesterday and look forward to receiving
> information relative to your visit to campus.
>
> TOM PIAZZE
>
> > -----Original Message-----
> > From:   Vince J Kaminski [SMTP:Vince.J.Kaminski@enron.com]
> > Sent:   Tuesday, April 04, 2000 4:52 PM
> > To:     piazzet@wharton.upenn.edu
> > Subject:     Test
> >
> >
> >
> > Test
> >
>
>
>


Pursuant to our conversation, the different scenarios for trades in dispute
are (and may not be limited to) the following:

Trade agreed Trade not booked    No confirm sent
Trade agreed Trade booked  Killed on T/D  No confirm sent
Trade agreed Trade booked  Killed after T/D  No confirm sent
Trade agreed Trade booked  Trade killed  Confirm sent

Trade booked Trade disputed     No Confirm sent
Trade booked  Trade disputed     Confirm sent

Examples:

Scenario 1: the CP calls back one hour after the trade was agreed and states
they now do not agree with the trade. Essentially, it could be disputed
wether or not we had a trade, even though our tapes support our position. No
impact on booking or Confirmation Desk.

Scenarios 2 and 3 occur essentially the same as Scenario 1 with the exception
that the trade is booked. Scenario 2 and 3 a different based on the pricing
implication of a trade booked overnight. In both these scenarios, we should
consider issuing a Termination Agreement which gives some reference to the
details of the agreed transaction.

Scenario 4 is the most straight-forward. An agreed trade, booked and
Confirmed, we issue a Termination Agreement.

Scenarios 5 and 6 are different from Scenarios 2 and 3 in that we have booked
a trade based on our understanding, but OUR understanding of the terms was
incorrect. The two scenarios are different in that in 5 a Confirmation is not
sent. In 5, we should consider issuing a side letter stating that a trade was
booked in error and no such trade exists. In 6 we should consider issuing a
side letter stating the trade was booked AND the Confirmation was sent in
error - and ask that they return the Confirmation.


A man boarded an airplane and took his seat.  As he settled in, he
glanced
up and saw a very beautiful woman boarding the plane.  He soon realized
she
was heading straight toward his seat.  Low and behold, she took the seat

right beside his.  Eager to strike up a conversation, he blurted out,
"Business trip or vacation?"

She turned, smiled and said, "Business.  I'm going to the annual
Nymphomaniac Convention in Chicago."

He swallowed hard.  Here was the most gorgeous woman he had ever seen
sitting next to him and she was going to a meeting for nymphomaniacs!
Struggling to maintain his composure, he calmly asked, "What's your
business
role at this convention?"

"Lecturer," she responded.  "I use my experience to debunk some of the
popular myths about sexuality."

"Really, what myths are those?" he asked.

"Well," she explained, "one popular myth is that African American men
are
the most well endowed, when in fact, it's the Native American Indian who
is
most likely to possess that trait.  Another popular myth is that French
men
are the best lovers, when actually it is the men of Jewish descent.  We
have, however, found that the best potential lover in all categories is
the
Southern redneck."

The woman started to feel a little uncomfortable and blushed.  "I'm
sorry,"
she said, "I shouldn't really be discussing this with you, I don't even
know
your name."

"Tonto," the man said.  "Tonto Goldstein, but my friends call me Bubba."


With the continued growth of some of the more non-traditional businesses at
Enron; e.g., broadband, agricultural commodities, steel, etc..., it has
become apparent that additional support from Government Affairs, of these and
other non-traditional businesses, is necessary.  To that end, I've asked
Harry Kingerski to focus his time and efforts more fully on developing his
support group's (Government Affairs Support Services) capabilities, with an
objective of broadening their support beyond EES and ENA.  With the void that
Harry leaves in formally directing our group's efforts on behalf of EES, I've
asked Jim Steffes to assume a leadership role with respect to EES as well as
ENA. I've also asked Lisa Yoho to assume responsibility for Enron Industrial
Markets in addition to her responsibility for Enron Global Markets and Enron
Networks.  No further organizational changes are being made at this time but,
as always, organizational flexibility in how our group responds to the needs
of the business units will be the order of the day.  I am confident that all
of us will support Harry, Lisa and Jim with their additional
responsibilities. Thank you.


Attached please find a Tax Review of California Assembly Bill No. 128 ("AB
128X").  The Tax Review sets out the practical implication (increased cost to
purchasers) and constitutional deficiencies of AB 128X.

The third paragraph of the Tax Review details the mathematical computation of
the tax and the resulting purchaser price increase.  The computation sales
price, $300/MWh, reflects the SP15 (Southern California) weighted average
index price ($302.88), rounded to the nearest hundred, as reported in
Megawatt Daily's May 8th MarketReport.  However, it may be more effective to
present the mathematical computation with a price closer to the proposed base
price of $60/MWh.  We are available to assist in presenting the computation
utilizing whichever numbers you deem appropriate.

The California Senate has passed SB 1X, Windfall Profits Tax on Electric
Generators.  We will forward a similar memorandum addressing SB 1X.

We are available to address questions and/or comments.  Thanks.

Ed Coats - 713.853.6369
Steve Douglas - 713.853.0938
Gavin Russo - 713.853.6296
Matt Gockerman - 713.853.3979


14.2 Consequential Damages.

In no event shall Contractor or Owner be liable to the other, either
individually or jointly and irrespective of whether alleged to be by way of
indemnity as a result of breach of contract, breach of warranty, tort,
(including negligence), strict liability, or any other legal theory, and
whether arising before or after completion of the Facility, for, and each of
Contractor and Owner hereby waives any right to, damages that constitute
consequential damages, or incidental, special, indirect, or consequential
damages of any nature whatsoever, including, but not limited to, losses or
damages caused by reason of unavailability of the Facility, shutdowns or
service interruptions, loss of use, non-operation of the Facility or any
Equipment or Contractor,s Equipment, loss of power or cost of replacement
power, loss of profits or revenue, loss of contracts, cost of capital,
inventory or use charges, cost of purchased or replacement power, loss of
fuel, interest charges or claims of Owner,s customers.


---------------------- Forwarded by Richard Shapiro/NA/Enron on 03/05/2001
10:06 AM ---------------------------
From: Howard Fromer on 03/05/2001 10:05 AM
To: Tom Dutta/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, Doug
Sewell/HOU/ECT@ECT, Richard Ring/HOU/EES@EES, Suneet Sharma/HOU/EES@EES, Gary
Keevill/ECP/Enron@Enron, John Llodra/Corp/Enron@ENRON, Tom
May/Corp/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT,
Jeffery Ader/HOU/ECT@ECT, Michael Brown/NA/Enron@Enron, Mark Dana
Davis/HOU/ECT@ECT, Pearce W Hammond/Corp/Enron@ENRON, Richard
Lydecker/Corp/Enron@Enron, Steve Montovano/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Janelle Scheuer/HOU/ECT@ECT, Rick Bachmeier/HOU/EES@EES, Lance
Hinrichs/HOU/EES@EES, Jim Meyn/NA/Enron@Enron, Berney C Aucoin/HOU/ECT@ECT
cc: Richard Shapiro/NA/Enron@Enron

Subject: New York Demand Response Programs

Attached is an excellent summary of the various demand response programs
developed over the past few months and being implemented in New York by the
ISO, the PSC and the Energy Research and Development Authority. The summary
was prepared by our Price Responsive Load Coalition Exec Director and
recently presented at the NARUC Winter Committee Meeting. The incentive
program referred to on Slide 7 was formally approved at the ISO's Management
Committee meeting on March 1. It has already been approved by the ISO Board.

Rick, I thought you might want to forward this on to the California team
since it may provide some useful ideas for programs that could be put in
place for this summer if not already under consideration.
----- Forwarded by Howard Fromer/NA/Enron on 03/05/2001 10:33 AM -----

	Aaron Breidenbaugh <aaron@global2000.net>
	02/28/2001 06:03 PM
	Please respond to aaron

		 To: "Laurence B. DeWitt" <dewitt@nycap.rr.com>, Aaron Breidenbaugh
<aaron_breidenbaugh@rmiinc.com>, Chris Young <cyoung@ecubedllc.com>, David
Hepinstall <hepinstall@aeanyc.org>, Frank Campi <fcampi@bigfoot.com>, Francis
Cummings <fcummings@xenergy.com>, Howard Fromer <hfromer@enron.com>, John
Smith <johnesmith@aol.com>, Kyle Storie <kgstorie@localnet.com>, Pete
Scarpelli <pscarpelli@retx.com>, Ross Malme <malme@retx.com>, Ruben Brown
<rsbrown@ecubedllc.com>, Scott Englander <sle@tca-us.com>, Steve Fernands
<Srfernands@cesolution.com>, Steve Wemple <WempleS@conedsolutions.com>,
Andrew Bakey <abakey@2powerweb.com>, William Conway <wbconway@earthlink.net>,
J Prunkl <jdprunkl@earthlink.net>, Jason Ambrose <jason@plurimi.com>, Steve
Eber <SEber@keyspanservices.com>, "Hornby, Rick" <rhornby@tca-us.com>,
"Tennis, Michael" <mtennis@tca-us.com>, John Little <john_little@rmiinc.com>,
Anne Selting <anne@plurimi.com>, "Daniel P. McLaughlin"
<dmclaughlin@newenergy.com>, Peter Blom <BlomP@conedsolutions.com>, Jack
Kellog <Kelloggtec@aol.com>, Mike Medeiros <mmedeiros@siliconenergy.com>,
Peter Chamberlain <PChamberlain@worldnet.att.net>, Randy Edwards
<redwards@retx.com>, Larry Sutkowski <larrys@electrotek.com>, Mary Beth Tighe
<mtighe@hess.com>, "Hoatson, William" <WHoatson@hess.com>, "Sticka, Gregory"
<GSticka@hess.com>, "DiBella, Michael" <MDiBella@hess.com>, "Ong, Owh Kian"
<OOng@hess.com>, Ron Beruta <Ronald.S.Beruta@jci.com>, Gio Iuliano
<giuliano@siliconenergy.com>
		 cc:
		 Subject: PRLC: NARUC Presentation & RSVPs for PSC Meeting

Greetings All,

I had an excellent opportunity today to give a presentation at the NARUC
Winter Committee meeting during a session addressing demand response
issues. Gotta love Southwest Air as well, travel to/from Albany and BWI
combined with MARC train into Union Station all for less than $200, Best
of all, I booked it two days ago.....;-)

The presentation was well received and people were very impressed with
our progress here in New York. A copy is attached. Please give me any
comments or corrections you might have. We will probably be using this
PowerPoint show alot in the future.

Next issue.

Current PSC Meeting Attendees:

Ruben Brown, E3
Stephen Wemple, ConEd Solutions
Larry Sutkowski, Electrotek
Bill Conway, Metrogen
Larry Dewitt, Pace

We have room for a couple more people, three at most. I'd like to
finalize the list by COB tomorrow so I can get back to Maureen's office.

Aaron

--

Aaron Breidenbaugh
Senior Manager &
Editor, ISO Navigator: New York Edition (tm)
http://www.iso-navigator.com

Navigant Consulting, Inc.
20 Madison Avenue Extension
Albany, NY  12203-5326

(518) 456-1082 phone
(518) 456-6008 fax
(518) 369-7987 cell

aaron_breidenbaugh@rmiinc.com

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

ISO Navigator: New York Edition (tm)  is a publication of Navigant
Consulting, Inc.
The content and views expressed therein are solely those of the
author(s) and do not necessarily reflect  the views of the New York
Independent System Operator, Inc. or Navigant Consulting, Inc.
------------------------------------------------------------------------------
--------------
 - PRLC NARUC Presentation.ppt


Kevin,

I would like to see the expense reports to monitor
the rate at which we approach our group budget limits.

Thanks.

Vince

Kevin G Moore
02/22/2000 08:48 AM
To: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT
cc:
Subject: Signature's

Hello Everyone ,

Starting Today , 2/22/00  Mike Roberts signed a expense report.

Vince, I need to know from you if this is okay and do you want to see
them ?

Also Shirley , if Mike signs for anything else other than a expense report ,
 I will pass it by your desk whereby you can know exactly what it is.

                                        Thanks
                                     Kevin Moore
Please inform........


From: Enron Europe Office of the Chairman@ECT on 04/11/2001 05:37 AM
Please respond to Enron Europe Office of the Chairman
Sent by: Enron Europe General Announcement@ECT
To: ECT Asia Pacific, ECT Dubai, ECT Europe, Enron VPs and MDs 1, Enron VPs
and MDs 2, Enron Executive Committee
cc:

Subject: Enron Europe Regulatory Affairs Announcement

After nearly five years in London, Mark Schroeder will be returning to the US
on April 11th to join the North American Coal Business with responsibility
for origination in the utility sector.  Under Mark,s leadership, his team has
made significant contributions towards Enron Europe,s &first mover8 advantage
and its status as the leading new entrant in the liberalizing pan-European
energy markets.  We wish him well in his new commercial role.

With Mark,s departure, the day-to-day management of the Government &
Regulatory Affairs Department in Europe will rest with Peter Styles, Paul
Dawson, Paul Hennemeyer, and Doug Wood. Nick O,Day will continue in his
current leadership capacity in Japan.  Each of these five individuals and
their groups will now jointly report to the business heads and to Rick
Shapiro, in the Government & Regulatory Affairs team in Houston. Rick Shapiro
will continue to manage Government Affairs for the Americas.  While the team
members responsibilities will vary from time-to-time in response to shifting
commercial priorities, as well as the need to support other Enron Wholesale
Services' business units from time-to-time, the general areas of
responsibility will be as follows:

Peter Styles, based in Brussels, will continue to have responsibility for our
EU and Netherlands advocacy.  Paul Hennemeyer will lead efforts in the German
speaking countries (Germany, Austria, Switzerland) as well as France and
Belgium. Peter and Paul will report to Eric Shaw.  While seconded to the
commercial team in France, Philip Davies will address Nordic market issues on
an ad hoc basis and also report to Paul on these issues.

Paul Dawson will lead our UK, Spain and Italian power regulatory efforts as
well as the gas regulatory work in the UK.  Doug Wood will support the
Continental Gas team and the Central and Southeastern Europe Origination
efforts, while also addressing the UK Climate Change Levy.  Doug's role in
gas will continue to be supplement, and not to supplant, the efforts of each
of the team members' geographic responsibilities noted on the organisation
chart. Paul and Doug will report to Richard Lewis locally.

Nick O,Day will also continue to report to Joe Hirl in Japan.

Other regulatory support provided by Mark Schroeder will be addressed in
another organizational announcement that will be sent
out from Government & Regulatory Affairs in Houston.  Attached is the revised
organization chart that now reflects the Government & Regulatory Affairs
organization in Enron Europe.

John Sherriff & Michael Brown

Please click on the link below to view the Regulatory Affairs organisational
charts for Europe and Japan.

Link to organisational charts


Did you come in town this wk end..... My new number at our house is :
713-668-3712...... my cell # is 281-381-7332

the kid


Dick, thanks for the e-mail.  I don't think I disagree with any of the points you made and I do think we have come a long way over the last year in the DSM "technology" we employ.  Unfortunately, a lot of these changes in thinking, sales and cost structure are too little too late.  It is highly unlikely at this point that EES will exist beyond next week.  All the best in the future and I would like to personally thank you for your contribution, thought process and caring to the end to make your point.

Regards
Delainey
 -----Original Message-----
From: 	Rusk, Richard
Sent:	Saturday, December 01, 2001 1:29 PM
To:	Delainey, David W.; Dietrich, Janet; Leff, Dan
Subject:	DSM developers create value

Dave, Janet, and Dan,

Before I think about where I could best apply my talents somewhere else I want to make sure you know why I (and all the other DSM developers) can bring value to you at EES.

If DSM is part of the future offering of EES I think it is absolutely essential that you have your own developers in house, both in the home office and the field offices.  They are the originators of DSM value.  There are no projects for the rest of the DSM team to evaluate and plan for until a developer puts it on the list in the first place.  I routinely make the decision on my own whether to include or discard projects that have NPVs over $1million each.  I think this should be seen as a key decision in our business process!

I think there has not been enough recognition at EES that DSM development is a creative activity.  Those lists of projects we price and implement can't be created by having a rookie go down a checklist.  The DSM engineers ask a lot of probing questions to find projects that will both save energy and be acceptable to the customer.  And the largest, most valuable projects take the most experience and creativity to discover.

There has been talk about outsourcing the development services in the past.  That can be done to a point but you need to have your own developers to teach the outsiders and evaluate their work.  I have worked on EES development efforts with outside consultants and they always need some time to catch on to our value proposition and our ways of processing information.

As you are thinking about the future of EES I want to make a sales pitch for keeping the team of DSM developers you have.  This has been my niche in life here at EES the past 3 years, and was the entire focus of my professional life for the 8 years before that.  I am a licensed Professional Engineer and a Certified Energy Manager.  I know what I am talking about--you have a very talented, experienced team that should be seen as a source of value and not just necessary overhead.

Most of your developers came from smaller organizations where we performed more functions--everything from cold sales calls, to report writing, to bookkeeping, to ordering office supplies and shoveling snow.  We can do it again!

Dick Rusk

.


Professor Littlechild has written a peper on the importance of retial markets
(being open) to the development of a well-functioning liberalised/deregulated
energy market, i.e., wholesale markets alone to suffice.  As it turns out,
Paul Dawson and Chris Day of my team here in London have reviewed and
commented on earlier drafts of this paper.  We have paid for none of his
research, and there will be no explicit recognition of Enron support for the
work.  However, Littlechild, as Jeff already knows, has been asked to present
his paper to a seminar/conference in California, and to a Tokyo research
institute.  Much of his travel is paid for, but he was not being compensated
for his time in making these trips.  Given that his message is one we want to
get out into the marketplace of ideas, I have agreed to pay him for one day
of his usual professional rate/fees, each, for San Francisco and Tokyo.  In
turn, he has offered to come into our offices (your offices) to meet with
you, discuss his research, and to learn more about your business and your
issues.  May i suggest that if you are interested, and I think this is a
worthwhile way to exchange ideas/views, that you just contact him directly,
referencing that you work with me and I passed along his offer.  I will be
sending to each of you a copy of a monograph I have on the paper (I am not
sure if it is the full piece of work) for your information and future
reference.  Nick - after meeting him, you might inquire as to whether you can
publish his paper on your Japan web-site.  thanks and let me know if you need
any more information.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 20/10/2000
10:42 ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Stephen Littlechild" <littlechild@tanworth.mercianet.co.uk>
                17/10/2000 11:02

To: "Mark Schroeder" <mark.schroeder@enron.com>
cc:

Subject: Fw: retail competition in electricity

Dear Mark

Sorry to keep pressing you, but I am not sure whether you received this
message and whether the proposed support is acceptable to you.  I received
only your subsequent comment that VAT is no problem.  I need to give an
answer to Berkeley and Tokyo before I leave in a few hours time.
Regards
Stephen
----- Original Message -----
From: Stephen Littlechild <littlechild@tanworth.mercianet.co.uk>
To: <Mark.Schroeder@enron.com>
Sent: Wednesday, October 11, 2000 2:14 PM
Subject: Re: retail competition in electricity

> Dear Mark
>
> Thanks for the very helpful quick word last night. I welcome your support
to
> make it possible to give the talks at Berkeley and in Tokyo.
>
> You asked for details of the second event. The organiser is Katsuhiko
> Suetsugu and the event is a Symposium on Electric and Gas Competition
> Policy, November 27. I am forwarding to you a copy of the invitation that
> sets out the details. It mentions that FERC comissioner Bill Massey has
been
> invited and I understand that he has now accepted.
>
> KH has also arranged for me to speak at a breakfast meeting the next day
of
> The Tokyo Energy Policy Club (TEPC).  "This is an informal, private group
> with eighteen members consisting of senior executives and experts in
energy
> and related fields in Japan.  TEPC was formed in February 1999 and is
> co-hosted by Mr. Yoshihiro Sakamoto, President of the Institute of Energy
> Economics of Japan and myself.  The objective of TEPC is to provide the
> members with opportunities to meet and exchange views with leaders of
> international communities for energy, environment, international currency
> and security."
>
> As regards support for the two trips, I explained to you that I have some
> offers of contributions to travel expenses, in whole or part,  for each
one,
> but there are no fees for these talks, and the time necessary to travel
and
> deliver them would be significant.  This would especially be the case if I
> combined them, which would be necessary to cover total travel costs to SF,
> but then I face additional accommodation costs in between, and more
> importantly "dead time" for almost three weeks. Anyway, these are my
> problems, but I think it would make it possible for me to accept the
> invitations if Enron were to provide some support.  How about the
following:
> commissioning two days of advice/discussions, one each in San Francisco
and
> Tokyo, at my standard commercial rate of o3000 pounds sterling per day,
> total o6000. I don't need to take up your colleagues' time to this extent,
> but a discussion with them would be useful to fill in the picture. Perhaps
> you would let me have their names and contact addresses. As you said, we
can
> talk later about possible longer term arrangements.
>
> As agreed, I am posting you a hard copy of my paper. You have the original
> on my previous email (the one below) but in case you would like to see the
> nature of my argument I am attaching here the two page summary.
>
> I look forward to hearing from you.
> With best wishes
>  Stephen
> ----- Original Message -----
> From: <Mark.Schroeder@enron.com>
> To: <littlechild@tanworth.mercianet.co.uk>
> Sent: Friday, September 22, 2000 9:21 AM
> Subject: Re: retail competition in electricity
>
>
>
>
> Enron is interested in supporting your work, but I need to discuss it
> further with you.  I am travelling the next 9 working days.  I could reach
> you from my travel, but if you receive this today (Friday, 22/9), please
> call me in London at 020 7783 6664.  I look forward to hearing from you.
> thank you  Mark Schroeder
>
>
>
>
>  (Embedded     Enron Capital & Trade Resources Corp.
>  image moved
>  to file:      From:  "Stephen Littlechild"
>  pic16827.pcx) <littlechild@tanworth.mercianet.co.uk>
>                08/09/2000 10:00
>
>
>
>
>
>
> To:   "Ralph Hodge" <ralph.hodge@enron.com>
> cc:   "Mark Schroeder" <mark.schroeder@enron.com>, "Kyran Hanks"
>       <Kyran.Hanks@enron.com>
>
> Subject:  retail competition in electricity
>
>
>
> Dear Ralph
>
> I have just written a paper on retail  competition in electricity, arguing
> that Joskow, Hogan and Ruff, and California,  have got it all wrong, both
> in theory and in practice. It is forthcoming  shortly in the DAE and Judge
> Institute working paper  series at Cambridge, but I thought you might like
> to see a copy now  (attached).
>
> This is obviously a hot issue in California at  present, and this morning
I
> received an invitation to  participate in a debate there in November
(copy
> forwarded separately). It seems that Enron is also to be invited. I have
> no other commitments in the US at that time. Is is something that Enron
> might be interested in supporting, or for that matter developing  further?
>
> We spoke some time ago about the Common Carriage  Consultative Working
> Group at Ofwat. I did in fact aprticipate in that, along  with Kyran
Hanks.
> It was a real eye-opener, to see how little awareness there  was of the
> basic conditions conducive to competition, like separate businesses  and
> accounts. I'm not sure whether Enron is pursuing this now or not. No
> doubt lots of other things going on.
>
> I should be interested to hear from you on retail  competition. I am
> copying this to Mark Schroeder and Kyran.
>
> With regards
>
> Stephen
> (See attached file: Summary 22Aug2000.doc)
> (See attached file: Why we need electricity retailers 22Aug00.doc)
>
>
>
>


I only have Elsa's as of right now, but as soon as I receive Danny's List I'll send it your way as well.
Laura

 -----Original Message-----
From: 	Villarreal, Elsa
Sent:	Friday, May 11, 2001 10:47 AM
To:	Vuittonet, Laura
Subject:	customer list


No!

	Daniel Diamond
	04/09/2001 02:34 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: StarSupply

Tana,
Did you receive the NDA back from StarSupply?

-Dan


FYI.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com
----- Forwarded by Janette Elbertson/HOU/ECT on 08/30/2000 10:54 AM -----

	Enron IT Purchasing
	Sent by: Messaging Agent
	08/30/2000 10:01 AM
	Please respond to Enron IT Purchasing

		 To: Janette Elbertson/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Confirmation of your order

This is an automatic confirmation of the order you have placed using IT
Central.

Request Number:   ECTH-4NPKMD
Order For:               Sara Shackleton

1 x ( Standard 15" Flat Panel     $922 )

Enron IT Purchasing


Sally -

Attached is a revised set of slides for the Final Report Out of group Wrench
- the group that worked on Products/Services - Basic Outsourcing.  The
hypertiles with the matrix of Product/Service, Issue and Timeline were not
readable when shot with a digital camera; so, they created the content from
the hypertiles in a Microsoft Word table.  I did not have that table this
morning when I sent the other slides.

I am very sorry for the inconvenience this has caused you.
Lisa Petruszka
5-6352
mobile:  (713) 412-9632


Who is the interim appointee?

From: Jeff Dasovich on 01/04/2001 02:58 PM
Sent by: Jeff Dasovich
To: Jeff Dasovich/NA/Enron@Enron
cc: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Donna
Fulton/Corp/Enron@ENRON, Dorothy Youngblood/HOU/ECT@ECT, Douglas
Huth/HOU/EES@EES, Edward Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES,
Erika Dupre/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES,
Frank W Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike D Smith/HOU/EES@EES,
Mike M Smith/HOU/EES@EES, mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil
Hong/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard
L Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Mike D Smith/HOU/EES@EES, Donna
Fulton/Corp/Enron@ENRON, mjackso7@enron.com, psmith3@enron.com

Subject: Brief Summary of Today's Activities in California (at Least Thus
Far)

The Commission voted out the order 5-0, essentially as it appeared
yesterday.  Three key changes:
They clarified that the surcharge applies to Direct Access customers (but the
entire "rate freeze" structure remains intact for now).
The Commission reversed itself and chose not to adopt TURN's "netting out" of
gen revenues and CTC collections, and said instead that the Commission will
consider it as an option in the next phase (a move likely made in order to
lower chances of a successful utility appeal).
The Commission added to the decision language saying that it will study the
pros/cons of securitizating the utilities' power purchase costs.  They will
submit a report on the issue to the Governor and Legislature.
On this last point, wire reports are rampant about the possibility that
legislation will be introduced as early as today proposing to securitize the
utilties' power purchase costs.  This action has reportedly been the result
of discussions that occured through the night between the governor's office,
the utilities and the ratings agencies in reponse to the fact that the
decision issued by the PUC falls well short of what's needed to keep the IOUs
credit worthy and solvent.  As a result of those wires stories, the
utilities' stock has come back (Edison was down as low as 6.25 and is
currently at 10 7/8; PG&E was at 8 7/8 and is currently at 11 7/8).  We're
working with Sandi McCubbin, who heads-up our legislative activities in
California, to get more info and will report back.
The hearing was dominated by highly charged anti-generator, anti-marketer
rhetoric, which is likely to play a prominent role in the press accounts.
Only FERC was demonized more.
Each of the Commissioners, including the most recent "interim" appointee,
made strong statements regarding the undesirability of utility bankruptcy.
The Commission left open the possibility of "doing more" at their next
meeting (two weeks from today), which means the negotiations with the
utilities and ratings agencies are likely to continue. And if an agreement is
reached, it could end up on the next agenda.


Barry,

Definately give a call before you come to LA. Either "the girls" can show
you arond or I can definately give you some good info. You can reach me at
310-372-3086.

I also dropped "Ceasar" a note but haven't heard back from him. Did he make
it back alive from Cabo or did a big fish pull him under?

Later,

Debra


This morning, we announced an offer to acquire London-based MG plc, one of
the world,s leading metals marketers, for $446 million.  We have been
monitoring the global metals market for several years, and we believe that
now is the right time to enter this $120 billion market.  We are confident
that our successful business model, which we have proven in the natural gas
and electricity markets, gives us a tremendous advantage in a market that is
undergoing fundamental change.

Our offer to acquire MG plc has been unanimously recommended by MG plc,s
board of directors, and we expect to close the transaction by early third
quarter of this year, following shareholder and customary regulatory
approvals.

MG plc is a leading independent company in global non-ferrous metals trading
and marketing and the only such company that is publicly traded.
Headquartered in London with major offices in New York and Frankfurt, MG plc
has 330 employees in 14 countries.  It is the world,s leading copper
merchant, one of the top three merchants of copper concentrates and nickel,
and a leading European merchant of recycled metal.  Other products that MG
plc markets include aluminum, lead, tin, zinc, brass and stainless steel.

This transaction provides Enron with access to new customers and enables
cross-marketing opportunities.  We plan to sell Enron energy products to MG
plc customers and offer bundled products combining metals and power
outsourcing.  Enron will help producers and consumers manage the risks
inherent in volatile raw materials and energy markets, and we will improve
commodity prices for both buyers and sellers.

MG plc,s existing market-making capabilities and market knowledge provide an
immediate platform upon which to overlay Enron,s proven ability to offer
innovative e-commerce-enabled services to commodity-based industries.  Our
new metals business will be integrated into our wholesale business by Enron
Europe CEO John Sherriff, who will work closely with Enron Net Works CEO Greg
Whalley.


Start Date: 1/6/02; HourAhead hour: 5;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010605.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 5 / Preferred:  12.69 / Final:  12.66)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 1/6/02
  SC_ID: ENRJ


Thanks for the update--Other than the Gallagher Boland $$$ I can't think of
anything that we might be squirreling away and capitalizing.  (Grynberg $$ go
to a work order also, but are expensed, right?).  Also, I absolutely trust
you, but in the Ronald Reagan sense:  "Trust, but verify."  Adios.  DF

07/18/2000 12:14 PM
Louis Soldano
Louis Soldano
Louis Soldano
07/18/2000 12:14 PM
07/18/2000 12:14 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Eric Benson/ET&S/Enron@ENRON, Elaine Concklin/ET&S/Enron@ENRON

Subject: Re: Reminder: Overhead Allocations

DREW - SINCE I DID NOT KNOW WHAT WAS GOING ON I SPOKE WITH ELAINE.

WE HAVE CAPITAL CHARGES ASSOCIATED WITH SPECIFIC PROJECTS - SUCH AS AN
EXPANSION PROJECT.  I DON'T BELIEVE YOU HAVE ANY OF THOSE AND I HAVE PROVIDED
MS. PATEL A LIST OF ET&S PROJECTS THAT FIT IN THIS CATEGORY (I ONLY HAD A
COUPLE AS WELL).

THERE COULD BE OTHER CHARGES WHICH ARE ALLOCATED TO A GENERAL OVERHEAD AND
CAPITALIZED.  THE ONLY MATTER THAT MIGHT FALL INTO THIS CATEGORY WOULD BE THE
GALLAGHER/BOLAND (OUTSIDE COUNSEL) COSTS.  WE HAVE THESE GOING TO A WORK
ORDER FOR THE YEAR 2000 (A TOTAL AMOUNT OF ABOUT $425,000 FOR NORTHERN).  I
BELIEVE WE WERE PLANNING TO ESTIMATE THE COSTS AS THE SAME FOR 2001 AND TREAT
THEM THE SAME (ASSUMING ELAINE AND OTHERS GIVE US THE GO AHEAD).

ELAINE - ANYTHING TO ADD?  ALSO, I UNDERSTAND YOU ARE COLLECTING THESE
CHARGES FROM ALL GROUPS AND WILL GET BACK TO US??  (AND YOU WILL PUT ME ON
YOUR DISTRIBUTION LIST SINCE I DON'T TRUST DREW AND HE'S TOO SMART TO TRUST
ME.) THX.

	From:  Drew Fossum                           07/18/2000 11:45 AM

To: Eric Benson/ET&S/Enron@ENRON
cc: Louis Soldano/ET&S/Enron@ENRON

Subject: Reminder: Overhead Allocations

Any need to do anything?  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 07/18/2000
11:41 AM ---------------------------

	Elaine Concklin
	07/18/2000 11:30 AM

To: Bill Cordes/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Rod
Hayslett/FGT/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Kent
Miller/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@Enron, Michel
Nelson/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Rockey
Storie/ET&S/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Bob
Chandler/ET&S/Enron@ENRON, James Centilli/ET&S/Enron@ENRON, Gary
Zahn/ET&S/Enron@ENRON, David Clements/ET&S/Enron@ENRON, Mike
Zabawa/ET&S/Enron@ENRON, Sophie Patel/ET&S/Enron@ENRON, Virginia
O'Neill/ET&S/Enron@Enron, Dana Jones/ET&S/Enron@ENRON, Gary
Sova/ET&S/Enron@ENRON, Richard Hanagriff/ET&S/Enron@ENRON, Tim
Kissner/ET&S/Enron@ENRON, Ray Stelly/ET&S/Enron@ENRON, Nancy
Wood/ET&S/Enron@ENRON, Carmela Brooks/ET&S/Enron@ENRON, Vera
Apodaca/ET&S/Enron@ENRON
cc:

Subject: Reminder: Overhead Allocations

Just a reminder for those of you that have not sent me your Overhead
Analysis.  Please send it as soon as possible.  A big thanks to those of you
who have already sent me your information.

Please call me at x3-5521 if you have questions.
Thanks!  Elaine

Bill Cordes
06/27/2000 01:45 PM
Sent by: Virginia O'Neill
To: John Dushinske/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Mike
McGowan/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@Enron, Michel Nelson/ET&S/Enron@ENRON, Dave
Neubauer/ET&S/Enron@ENRON, Rockey Storie/ET&S/Enron@ENRON, Julia
White/ET&S/Enron@ENRON, Elaine Concklin/ET&S/Enron@ENRON, Bob
Chandler/ET&S/Enron@ENRON, James Centilli/ET&S/Enron@ENRON, Gary
Zahn/ET&S/Enron@ENRON, David Clements/ET&S/Enron@ENRON, Mike
Zabawa/ET&S/Enron@ENRON
cc: Sophie Patel/ET&S/Enron@ENRON, Virginia O'Neill/ET&S/Enron@Enron, Dana
Jones/ET&S/Enron@ENRON, Gary Sova/ET&S/Enron@ENRON, Richard
Hanagriff/ET&S/Enron@ENRON, Tim Kissner/ET&S/Enron@ENRON, Ray
Stelly/ET&S/Enron@ENRON, Nancy Wood/ET&S/Enron@ENRON, Carmela
Brooks/ET&S/Enron@ENRON

Subject: Overhead Allocations


what's your view of crude from here over next 1-4 weeks?


As per our discussion of last Friday, I wanted to follow-up with examples of
what
concept I was trying to convey.  I have seen in some Enron Gas Liquids, Inc.
physical
confirmations that they use the following wording to incorporate the General
Terms &
Conditions which have been sent by certified mail to the Counterparty:

Enron Gas Liquids, Inc.'s Sales, Purchase and/or Exchange Agreement
General Terms and Conditions revised October, 1998, (a copy shall be
furnished upon Buyer's request), are incorporated herein by this reference
for all purposes.

or

The following terms (also referred to as the "Special Terms and Conditions")
and
ELFI's General Terms and Conditions dated March 01, 1996 ("General Terms and
Conditions"), which Buyer acknowledges it has received, together constitute
all of
the terms of the binding agreement between the parties regarding this
transaction
(this "Agreement").

I am hopeful that we might employ the same concept to the General Terms &
Conditions
for transactions completed via EnronOnline.  The General Terms & Conditions
we
currently attach to EOL deals is agreed to by each Counterparty online and
the Counterparty
can view the GTC's online, if necessary.

The emphasis behind the above request is, of course, and effort to reduce the
amount of
paper that we are faxing to Counterparties.  I cannot quantify the amount of
fax time this would
save, but considering that the GTC's generally double the pages faxed to a
Counterparty, it
am be significant.

I would be happy to discuss this further with you.


Alan -

Appreciate your thoughts.

Jim

-----Original Message-----
From:	"Turnure, James" <JTurnure@icfconsulting.com>@ENRON
Sent:	Wed 8/29/2001 3:16 PM
To:	Steffes, James D.
Cc:
Subject:	Concept piece: Regional market analysis at the FERC

Jim,

I thought you might be interested in the attached 3-pager.  I leave it
to you to let me know if you'd like to talk further, or get together
when you are in town.

Best of luck

--Jim

 <<Concept Piece_FERC Analysis.doc>>
 - Concept Piece_FERC Analysis.doc <<Concept Piece_FERC Analysis.doc>>


Jeff,

Further to your conversation,  please see the attached draft of a GISB for
your review.  Please do not hesitate to give me a call with any questions and
or comments you may have regarding this matter.

Regards,
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


Since our department has grown, we have realized the need to add 3 new temporary IDs.  Following the instructions below, please add calendar access rights for EWS Legal Temp IDs 9, 10, and 11 (as show in blue below). While doing this, would you mind checking the other IDs as well to be sure they are listed.  When logging in temporaries we have discovered that some access rights work with some temp IDs, but not all.  Thank you!
================================
For Outlook users only!

Since we have migrated to Outlook, we have not been able to give calendar/e-mail access to the temporaries filling in for our department.  Apparently, the access rights we all had set up in Lotus Notes cannot be migrated to Outlook.  Thus, we need all attorneys and specialists to give access rights to all the department Temporary IDs as soon as possible.  You can control how much access you would like to give, and for what.  For example, you could give full revision access to your calendar and read-only for your e-mail or access only to your calendar and no access to your e-mail.  It's up to you.

Please give access to the following IDs:
EWS Legal Temp 1
EWS Legal Temp 2
EWS Legal Temp 3
EWS Legal Temp 4
EWS Legal Temp 5
EWS Legal Temp 6
Note:  Do not use-Temp 7 is not designated for our temporaries.
EWS Legal Temp 8
EWS Legal Temp 9
EWS Legal Temp 10
EWS Legal Temp 11

To set up access:
1.	Right click on "Outlook Today" at the top of the folders list (if your folders list is not visible, click on "View" and
	then "Folder List")

2.	Left Click on "Properties" at the bottom of the list that pops up

3.	Left click on the "Permissions" tab

4.	Left click on "Add".
	Type "EWS"-the address list will stop on our temp IDs.
	Left click on one of the Temp ID you are adding, left click on the "Add" button.  Repeat for each ID.  (Be careful not
	to add EWS Temp ID 7.  This is not used for our temporaries.)
	Left Click "OK"

5. 	You should now be back in the "properties" box.  Select the first ID you just added, hold down the "Shift" key, then
	left click all the other ID's.  With all IDs now selected and not holding the Shift key down, click in the boxes which
	access you would like to allow the temporaries to have.  (Note:  Do not select anything that has "own" or "owner"
	in it as you are the owner.)  Left Click on "Apply", then "OK".

6.	Right click on your "Calendar" folder and repeat steps 2-5 above.

7.	[Optional].  To give access to e-mail or any other folders you may have, right click on that folder and repeat steps
	 2-5 above.

Regarding the Legal Temp IDs, these set-up instructions need to be completed only once. If your Assistant ever changes, these instructions will come in handy!
Thank you for your time and patience.


Transwestern average deliveries to California were 1,083 MMcf/d (99%) while
east deliveries averaged 276 MMcf/d.  San Juan lateral throughput averaged
847 MMcf/d while receipts from Rio Puerco averaged 46 MMcf/d.  Mojave
deliveries averaged 40 MMcf/d throughout the week.

El Paso average deliveries to California were 2,254 MMcf/d (77%) :
- PG&ETop (capacity 1,140 MMcf/d) deliveries averaged 540 MMcf/d (47%)
- SoCalEhr (capacity 1,250 MMcf/d) deliveries averaged 1,197 MMcf/d (96%)
- SoCalTop (capacity 541 MMcf/d) deliveries averaged 518 MMcf/d (96%)

Cash spreads between PG&E Topock and SoCal Needles narrowed from .42 on
Monday to only .11 on Friday.

Friday Enron Online basis numbers:
  Nov  Nov 00-March '01 April-Oct '01
Perm-CA   .52    .35      .51
SJ - CA    .60    .47      .77
SJ-Waha   .27    .34      .46
Perm-Waha   .01    .04      .08


To all,

I again want to reiterate that the initiative to reconcile at a high level across all risk applications (DPR, VAR CAS and Infinity) is not incremental to the GRMO initiatives to look at the interfaces between the source systems and risktRAC and make the appropriate updates, it will probably be just a first step.  It is evident that not everyone has been aware this reconciliation is not being performed.  Without this reconciliation, the integrity of the daily risk data will continue to be in question.  In reality, we may be closer than we think. We simply do not know.

To highlight the need for this reconciliation, I will summarize the discussions from the meeting this morning.  No exceptions were reported.   However, VAR for EES changed materially from the day before causing the Market Risk group to question the results.  It was determined that EES Enpower feeds into RisktRAC  were counted twice (for either West or East) for the calculation of VAR.  Also it was reported, as a result of book name changes last evening, a book (one book,  two different names) was sent to Infinity twice.

These are just two examples of the unlimited number of items that could cause an error.  The current exception reporting is narrowly focused and can never be broad enough to eliminate the need for a reconciliation.  Also, this reconciliation will help identify the origin of problems.

I hope this helps explain my desire to move forward quickly.   In order to accomplish this,  we need to tap the individuals with the greatest insight into this complex process for guidance, and then utilize others resources to execute.

I will be glad to discuss this with each of you.  Beth and Shona, I will schedule a meeting with both of you to review what approach would be best prior to scheduling the large group meeting.

Thanks.  I look forward to working with you on this initiative.

Wanda

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Wednesday, August  22, 2001 3:38 PM
To:	Wilson, Shona
Cc:	Apollo, Beth; Hall, Bob M; Brackett, Debbie R.
Subject:	RE: Daily Tie Outs Across Risk Systems

I agree we need to have a meeting prior to the large group meeting.  As I stated below, I will work on an agenda and presentation which I review with you and Beth, but I want to get this larger meeting on everyone's calendar.  Do you agree these are the right people?   I am still optimistic a tie out can be accomplished without major changes to any systems, and the information obtained will be a diagnostic tool for the initiative below (where are the problems/disconnects?).   This step is critical in determining the scope and urgency of the initiative to improve  daily roll-up processes (you never know, all systems may actually by in-sync!).   It is also an opportunity to quickly access the results of the current process, which may improve management's opinion re the accuracy of the daily information.

Call me, let's discuss.

Thanks,
Wanda

 -----Original Message-----
From: 	Wilson, Shona
Sent:	Wednesday, August  22, 2001 10:46 AM
To:	Curry, Wanda
Cc:	Apollo, Beth; Hall, Bob M
Subject:	RE: Daily Tie Outs Across Risk Systems

Dear Wanda,

I think a good idea would be to have a pre-kick off meeting with Beth and I first so we can discuss what is currently taking place in regards to GRMO initiatives in this area.  We (Sally, Bob, Beth, Debbie etc) had a meeting yesterday to look at the interfaces between the source systems and risktRAC and make the appropriate updates.  I also had a conversation with Sheila today to ensure Infinity is scoped in to this process.

Do you want me to set up a meeting?

Thanks

 -----Original Message-----
From: 	Curry, Wanda
Sent:	Wednesday, August 22, 2001 10:13 AM
To:	Wilson, Shona
Cc:	Beck, Sally; Apollo, Beth; Buy, Rick; Brackett, Debbie R.
Subject:	Daily Tie Outs Across Risk Systems

Shona,

 As per my memo to you on August 13th, I am scheduling a kick-off meeting with individuals to discuss a daily tie-out process across all global risk applications/reports, i.e. DPR, Infinity, RisktRAC (VAR and Benchmark) and CAS.  This would provide proof (or a trail to what is missing)  that required information from all risk books, commodities, and business units are appropriately reported on a daily basis.  As stated earlier, without a robust global books application, the daily process currently in place provides little assurance that "everything" rolls up correctly.  It also does not include Infinity.

My suggestion for attendance at this meeting, in addition to you, Beth and I, is as follows:

	Stacey White
	Todd Hall
	Sheila Glover/Clara Carrington
	Kevin Sweeney
	Kristin Albrecht
	Mike Jordan
	Jeff Gossett
	Scott Mills
	Ramesh Ganapathy
	Debbie Brackett

Please let me know today if you agree with this list and I will move forward getting the meeting scheduled and work on a presentation/agenda for you and Beth to approve.

Thanks for your help.

Wanda


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