That might be a bit out of the way Dutch, but you could hitch the trolley at
Kevin's.

-----Original Message-----
From: Dutch.Quigley@enron.com [mailto:Dutch.Quigley@enron.com]
Sent: Thursday, November 08, 2001 10:44 AM
To: jramirez@othon.com; klyn@pdq.net; martier@cpchem.com;
MarkM@cajunusa.com; Wolphguy@aol.com; Frthis@aol.com; siva66@mail.ev1.net;
Rs1119@aol.com; john_riches@msn.com; bwdunlavy@yahoo.com
Subject: RE: Why Kingwood?

can he swing through downtown houston on his way to kingwood from tomball

    -----Original Message-----
   From:   "Joe Ramirez" <jramirez@othon.com>@ENRON
   Sent:   Thursday, November 08, 2001 10:42 AM
   To:     Kevin; Martinez, Ernesto Jr; Mark Molnar; Wolphguy@aol.com;
             Frthis@aol.com; siva66@mail.ev1.net; Rs1119@aol.com; Quigley,
             Dutch; john_riches@msn.com; bwdunlavy@yahoo.com
   Subject:  RE: Why Kingwood?

   Mark is driving. Good. I need to hitch a ride on that bus also.

   -----Original Message-----
   From: Kevin [mailto:klyn@pdq.net]
   Sent: Thursday, November 08, 2001 10:28 AM
   To: Martinez, Ernesto Jr; Mark Molnar; Wolphguy@aol.com; Frthis@aol.com;
   siva66@mail.ev1.net; Rs1119@aol.com; Dutch.Quigley@enron.com;
   john_riches@msn.com; jramirez@othon.com; bwdunlavy@yahoo.com
   Subject: Re: Why Kingwood?

   Bitching is what I do, so I will continue to bitch.  Please look us up
   some
   sports bar near Texarkana so I can watch some NFL action after I kick
   your
   butts at golf.  Long live the Beaver!!!  Mark, your driving right...I
   think
   we need to leave at 4 am or so to make it to the border.

   Smooches.

   ----- Original Message -----
   From: "Martinez, Ernesto Jr" <martier@cpchem.com>
   To: "Mark Molnar" <MarkM@cajunusa.com>; "'Kevin'" <klyn@pdq.net>;
   <Wolphguy@aol.com>; <Frthis@aol.com>; <siva66@mail.ev1.net>;
   <Rs1119@aol.com>; <Dutch.Quigley@enron.com>; <john_riches@msn.com>;
   <jramirez@othon.com>; <bwdunlavy@yahoo.com>
   Sent: Wednesday, November 07, 2001 6:46 PM
   Subject: Why Kingwood?

   > Please read the message below (from Mark).  He asked about it, I
   looked it
   > up and got us a tee time.  If anybody wants to get a tee time
   somewhere
   > else, that is fine with me.  Just let me know so that I can cancel the
   tee
   > times in Kingwood.
   >
   > With Richard playing and the boys from Austin playing, I think that
   Kingwood
   > is a happy medium.  We could try Brock park if that's what you guys
   want.
   > Who the hell lives by Brock?  I actually think that the drive to
   Kingwood
   is
   > better than the drive into 5th ward or whatever ward it is.
   >
   > I don't mind making a drive to play in Austin or Beaumont or Katy.
   It's
   > golf!!!!
   >
   > The DOG!
   >
   > -----Original Message-----
   > From: Mark Molnar [mailto:MarkM@cajunusa.com]
   > Sent: Wednesday, November 07, 2001 2:36 PM
   > To: frthis@aol.com; wolphguy@aol.com; martier@cpchem.com;
   > siva66@mail.ev1.net
   > Subject: RE: seeing as mark won't answer my e-mails....
   >
   >
   > I heard an add on 610 for Kingwood Cove or something.  Do you have
   time to
   > check it out?
   >
   > >>> "Martinez, Ernesto Jr" <martier@cpchem.com> 11/07/01 02:26PM >>>
   >
   > No.  They have a tournament on Sunday morning.  Their first available
   tee
   > time is 1:15.
   > Damn, and I was hoping Mark would wear his Hillrod wig.
   >
   > Sorry, any other suggestions?
   >
   > -----Original Message-----
   > From: siva66
   > To: wolphguy@aol.com; martier@cpchem.com; siva66@mail.ev1.net; Mark
   Molnar
   > Sent: 11/7/01 12:49 PM
   > Subject: RE: seeing as mark won't answer my e-mails....
   >
   > did we get tee times?
   >
   >
   > ---------- Original Message ----------------------------------
   > From: "Mark Molnar" <MarkM@cajunusa.com>
   > Date: Wed, 07 Nov 2001 08:43:35 -0600
   >
   > >Ernie, can you call and get us a few tee times at the Crosby
   > Country Club.  Sounds like imbreedville to me, but let's give it a
   > try.
   > >
   > >>>> "siva66" <siva66@mail.ev1.net> 11/07/01 08:27AM >>>
   > >that sounds good to me, everyone else agree?  we also need a head
   > >count, and ernie before long you'll take your usual position
   > >bringing up the rear.  once again, mark will not answer my e-
   > >mails......
   > >
   > >
   > >---------- Original Message ----------------------------------
   > >From: "Martinez, Ernesto Jr" <martier@cpchem.com>
   > >Date: Tue, 6 Nov 2001 19:40:12 -0600
   > >
   > >>Sunday morning is good for me.  As much as me and my colon will
   > >miss "Brock
   > >>Dogs", I wouldn't mind another course.  There is a pretty nice
   > >course in
   > >>Crosby (Newport Country Club) which would be accomodating for
   > the
   > >blues man
   > >>(Richard).  The shorter drive for him ensures that he doesn't
   > get
   > >too much
   > >>ass time which in turn allows me to kick more of it later that
   > >day.  Their
   > >>weekend rate is $25.  They usually have an ad in the Chronicle
   > >Sports
   > >>section.
   > >>
   > >>For once in my life, all of you are looking UP to me!!!!!
   > >>
   > >>-----Original Message-----
   > >>From: Mark Molnar [mailto:MarkM@cajunusa.com]
   > >>Sent: Tuesday, November 06, 2001 2:28 PM
   > >>To: wolphguy@aol.com; martier@cpchem.com;
   > Dutch.Quigley@enron.com;
   > >>ras1119@hotmail.com; siva66@mail.ev1.net; jramirez@othon.com;
   > >>klyn@pdq.net; bwdunlavy@yahoo.com
   > >>Subject: Re: seeing as mark won't answer my e-mails....
   > >>
   > >>
   > >>Sunday it is.  Let me know where ya'll want to play.  Treeline
   > is
   > >right by
   > >>my house, but we don't have to go there.  Somewhere in a central
   > >location
   > >>for everyone is fine.  Throw out some names.  Early is good,
   > that
   > >way we can
   > >>watch my fantasy football kick someone's ass.
   > >>
   > >>Mark Molnar
   > >>Cajun Constructors, Inc.
   > >>
   > >>
   > >>>>> "Kevin" <klyn@pdq.net> 11/06/01 11:47AM >>>
   > >>I thought we were all going somewhere on Sunday??? Mark???
   > >>
   > >>----- Original Message -----
   > >>From: "Joe Ramirez" <jramirez@othon.com>
   > >>To: <siva66@mail.ev1.net>; <bwdunlavy@yahoo.com>;
   > ><Dutch.Quigley@enron.com>;
   > >><martier@cpchem.com>; <wolphguy@aol.com>; <MarkM@cajunusa.com>;
   > >><ras1119@hotmail.com>; <klyn@pdq.net>
   > >>Sent: Tuesday, November 06, 2001 11:09 AM
   > >>Subject: RE: seeing as mark won't answer my e-mails....
   > >>
   > >>
   > >>> I am in. What day? What time? Where? Can we get out there
   > early?
   > >>>
   > >>> -----Original Message-----
   > >>> From: siva66 [mailto:siva66@mail.ev1.net]
   > >>> Sent: Tuesday, November 06, 2001 10:57 AM
   > >>> To: bwdunlavy@yahoo.com; Dutch.Quigley@enron.com;
   > >martier@cpchem.com;
   > >>> wolphguy@aol.com; jramirez@othon.com; MarkM@cajunusa.com;
   > >>> ras1119@hotmail.com; klyn@pdq.net
   > >>> Subject: seeing as mark won't answer my e-mails....
   > >>>
   > >>> is anyone up for some golf this weekend?
   > >>>
   > >>> ricardo
   > >>>
   > >>>
   > ________________________________________________________________
   > >>> Sent via the EV1 webmail system at mail.ev1.net
   > >>>
   > >>>
   > >>>
   > >>>
   > >>>
   > >>
   > >>
   > >
   > >
   > >________________________________________________________________
   > >Sent via the EV1 webmail system at mail.ev1.net
   > >
   > >
   > >
   > >
   > >
   > >
   >
   >
   > ________________________________________________________________
   > Sent via the EV1 webmail system at mail.ev1.net
   >
   >
   >
   >

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


These are the latest versions of the EPC LOI and Development Agreement for
the CRRA Fuel Cell Deal. The Development Agreement has been revised since
this distribution to add back into the arbitration provision the stipulation
that the arbitrators selected by the parties need not be neutral. Jeff Ader
had wanted that stipulation deleted, but Richard Sanders objected and said it
should go back in, and I suggested Jeff discuss with Richard. Don't know
where that stands.

More to follow.
----- Forwarded by Barton Clark/HOU/ECT on 09/12/2000 09:51 AM -----

	Brenda Whitehead
	09/08/2000 10:41 AM

		 To: Scott Healy/HOU/ECT@ECT
		 cc: Barton Clark/HOU/ECT@ECT
		 Subject: LOI and Development Agreement re: CRRA

per the request of Bart Clark, please see these attachments:


Mark/Alan-

The drafts have gone out to Mitsui.  I will forward separately the drafts
that went out to IBJ and Sanwa.  It will be interesting to see our potential
counterparties comments.

Cheers,

John
----- Forwarded by John Viverito/Corp/Enron on 08/30/2000 03:46 AM -----

	John Viverito
	08/30/2000 03:02 AM

		 To: yuuji.itou@mitsuimarine.co.jp
		 cc: Jonathan Whitehead/AP/Enron@Enron
		 Subject: MITSUI MARINE ISDA MASTER AGREEMENT

Dear Mr. Ito,

Attached hereto, is the draft ISDA documentation, for your review.  Included
are the Schedule, the Credit Support Annex and the Enron Corp. Guaranty.

I apologize for the delay in the preparation and distribution of these
documents.

We look forward to receiving your comments.

Best regards,

John Viverito


Dear All,

Please find two attachments for the Central and Eastern European Committee.
If you have any difficulty at all in opening them please send me an e-mail
to let me know.

Regards,
Anna


Sara,
Please review the consulting agreement.  We need ASAP.  We are still agreeing
to what will be performed regarding the engagement letter.
Thanks.
Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 11/16/2000 11:34
AM ---------------------------

	From:  William Patrick Lewis                           11/15/2000 08:38 AM

To: Sheila Glover/HOU/ECT@ECT
cc:
Subject: BRC Contracts

---------------------- Forwarded by William Patrick Lewis/HOU/ECT on
11/15/2000 07:29 AM ---------------------------

Donna Zaleski <donna.zaleski@barra.com> on 11/14/2000 02:05:01 PM
To: "'william.patrick.lewis@enron.com'" <william.patrick.lewis@enron.com>
cc: David Katz <david.katz@barra.com>
Subject: BRC Contracts

Per your request to David Katz, attached is BARRA RogersCasey's standard
Consulting Agreement and sample Engagement Contract.

Please call David at 203-656-5992 if you have any questions.

 <<BRC Consulting 991201.pdf>>  <<BRC FFEC (Ongoing) 980529.pdf>>

 - BRC Consulting 991201.pdf
 - BRC FFEC (Ongoing) 980529.pdf


Attached is a newly revised Credit Watch listing.  If there are any
personnel in your group that were not included in this distribution, please
insure that they receive a copy of this report.

To add additional people to this distribution, or if this report has been
sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Bill Bradford at x3-3831, Russell Diamond
at x5-7095, Brant Reves at x3-9897, Veronica Espinoza at x6-6002 or the
Global Credit Hotline at x3-1803.


John, I plan to speak with Sequent by the end of this week to inform them if we are interested in returning the assets to them and if so under what structure.  I have checked with Cris Sherman and others in Accounting, they have determined that the "East Desk" does not have to accelerate the payment of its "debt" to John Arnold's book if we get out of the Hopewell transaction. That being said, you were checking on the real $$$ exposure to retaining the Hopewell deal past the VNG transaction.  The way we are currently booked we are not interested in restructuring the VNG/Hopwell arrangement. If on the other hand we see real $$$ exposure, this is the perfect time to try to combine the VNG restructuring with the Hopwell exposure.  I need to understand our position this week if possible.

Frank


Financials acknowledges.  Georgi

From: Karen Lambert@ECT on 05/02/2001 08:28 AM
To: Lisa Lees/ENRON@enronXgate @ ENRON
cc: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Stephanie
Sever/ENRON@enronXgate@ENRON, Anthony Campos/HOU/ECT@ECT, Georgi
Landau/NA/Enron@ENRON

Subject: Re: FW: Please Approve New Product Type: US Steel Hot Rolled Plate
Financial Swap (2069)

Global acknowledges.

From: Lisa Lees/ENRON@enronXgate on 05/01/2001 04:32 PM
To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron
cc: Stephanie Sever/ENRON@enronXgate
Subject: FW: Please Approve New Product Type:  US Steel Hot Rolled Plate
Financial Swap (2069)

Please acknowledge your agreement to the copying of profiles as shown
directly below.  Please respond by 10:00 a.m. on Wednesday, May 2.

Thank you.

 -----Original Message-----
From:  Moran, Tom
Sent: Monday, April 30, 2001 2:15 PM
To: Lees, Lisa; Sever, Stephanie
Cc: Guidroz, Walter
Subject: FW: Please Approve New Product Type:  US Steel Hot Rolled Plate
Financial Swap (2069)

Lisa / Stephanie,

Please copy the existing counterparty profile from US Steel Hot Rolled Fin
Swap and utilize it for this new product;
US Steel Hot Rolled Plate Fin Swap.

Regards,
tm

 -----Original Message-----
From:  Cass, Robert B.
Sent: Monday, April 30, 2001 1:19 PM
To: Taylor, Mark; Blumenthal, Jeff; Taylor, Mark; Musch, Susan; Gockerman,
Matthew F.; Hayden, Frank; Herod, Brenda F.; Moran, Tom; Hagelmann, Bjorn;
Roenz, Manfred
Cc: Lees, Lisa; Sever, Stephanie; Jones, Tana; Lambert, Karen; Sweitzer,
Tara; Kenne, Dawn C.; Moorer, Torrey; Meredith, Kevin; Lozano, Melba; Walker,
Chris; Alatorre, Carlos; Carter, Carl
Subject: Please Approve New Product Type:  US Steel Hot Rolled Plate
Financial Swap (2069)

Please approve the following product type in Datamanager after 11:00 a.m.
See the steps for approval below.

US Steel Hot Rolled Plate Fin Swap

Website Short Description of Product Type:  US HR Plate Swap    ("US Steel
Hot Rolled Plate Fin Swap" - #2069)

Product Type:
A U.S. Hot Rolled Steel Plate financial Swap Transaction with Enron North
America Corp. under which the Seller pays a Floating Price and the Buyer pays
the price submitted by the Counterparty on the Website (the Fixed Price) in
each case in respect of the Notional Quantity per Determination Period.  Each
calendar month during the Term of the Transaction will be a Determination
Period; provided that, if the Term of the Transaction is less than one
calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be the
volume submitted by the Counterparty via the Website.  The Payment Date(s)
will be 5 business days after the Floating Price is determinable.  The
Floating Price shall be the Index for the relevant Determination Period.

Reference Period:
The term of the Transaction shall be from the Effective Date to the
Termination Date.  The Effective Date is _______and the Termination Date is
____________.

Product Additional Information (example):
The Index for a Determination Period shall be the average price for
"Domestic, Midwest Plate ($/net ton)" in the table "US Current & Forecast
Prices" under the current month's heading in the monthly issue of MBR (Metal
Bulletin Research) North American Steel Markets Monthly with the published
month the same as the Determination Period.

Currency:
The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.

Unit of Measure:
The unit of measure against which the price is quoted shall be net tons (2000
lbs) and the quantity shown shall be in net tons per month.

The financial GTC's are attached as follows:

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"


Here's a map.

 - ld2d-#69334-1.DOC

Best,
Jeff


I'm sorry, but I can't give you full credit on your answer to the second part
of my question. The correct answer was the author's use of the word
"stunning" to describe the $6.2 billion figure. The word is clearly an
editorialization on the amount of the refund requested, and is therefore
journalistically incorrect.  In addition, you failed to extemporize on why a
journalist for an energy trade magazine would leave such gaping holes in
his/her story.

But because I'm feeling lenient this morning, I'll give you the details.

There was no date.

Kate


Regarding Dick's Well Service,  I need to know the term, delivery point,
volume, etc. to re-confirm.

Thanks!
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


GMAT REVIEW AT ENRON

The next GMAT review course at Enron will begin Monday, November 26th:
The schedule is:
     Course # 7019-00:  Monday nights, Nov 26 - Jan 28 (no class Dec 24 or
Dec 31)

This course is identical to the courses that started in October.  It is
being offered now for the benefit of employees who would like to take the
GMAT before January 31 for the purposes of applying to business school.

Course details:
     - Class is held at Enron in room ECN560 and is restricted to Enron
		employees
     - Each course is limited to eight students
     - Meets once a week for eight weeks
     - Hours are 6:00-9:00 PM (first session will run til 10:00 pm to
          include initial exam)
     - Expect 4-5 hours of homework per week
     - Course includes a total of four practice GMAT exams
     - Ends the second week of December, allowing employees to take the
          GMAT in December and meet a January application deadline.
     - Special discount of $200 off the regular Princeton Review tuition

Enron has allowed this program to be hosted in the Enron Building for
convenience of its employees.  Individuals are responsible for paying their
own fees.  Financial support from Enron is at manager's discretion and is
subject to the usual tuition reimbursement constraints around budget and
relevance to organizational performance.

HOW TO ENROLL:
     1.  Print out the attached registration form.
     2.  Complete the form, but please note the following
          SPECIFIC INSTRUCTIONS:
          A.  Fill out the student information completely, including
               your email address.
          B.  In the Enrollment section, where it says "Please enroll
               me in GMAT Class Size-8 Course # _________",
          C.  In the Payment section:  For the course at Enron, the
               tuition is discounted by $200, to $899.
               FULL PAYMENT of this amount by credit or debit card is
required on the registration form.  Be sure to indicate complete cardholder
information.
     3.  Fax the completed form to Princeton Review at (713) 688-4746.

Faxes are time-stamped by the receiving fax machine at Princeton Review.
The first eight valid registration forms received for each course will be
honored.  Registrations received after the first eight will be placed on a
waiting
list for the course or courses indicated.  Enrollments and waitlists will be
confirmed by email.

Employees who are not able to take the course at Enron can take a course at
the Princeton Review office at the same $200 discount.
Call (800)2REVIEW to register or to receive a list of course schedules.

IMPORTANCE OF THE GMAT:
     The GMAT score is a critical part of your application to business
school.  Indeed, in many cases, it is the single most decisive statistic
that admissions offices use in evaluating applicants.  While work
experience, GPA, essays, and interviews are all important components of
your application, the GMAT is the one objective factor that you can
substantially improve in a short period of time.

THE TEXAS MBA TOUR:
     All interested Enron employees are invited to attend the Texas MBA
Tour, which will be in Houston on Wednesday, January 23. The Texas MBA
Tour, of which The Princeton Review is a partner, is a group of six business
schools that host a joint MBA panel discussion and admissions fair.  The
participating schools are Texas, Rice, SMU, Baylor, TCU, and Texas A&M.
The Princeton Review has agreed to handle registration for the event, so
call
(800) 2REVIEW to register.

http://home.enron.com:84/messaging/gmatregform.pdf


Ted informed me that Jeff Skilling and Rick Buy have agreed to a
discretionary VaR allocation of $15MM effective today through December 15th
(next Friday) for a total North American Natural Gas VaR of $75MM.

That increases our Aggregate VaR Limit for Enron to $100MM for that same
period.

Please modify notification and DPR reporting accordingly.

Regards,
Cassandra Schultz.


This article from NYTimes.com
has been sent to you by ljnmay@aol.com.

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Power Woes Raise Questions Over Control of Gas Pipelines

By RICHARD A. OPPEL Jr. and LOWELL BERGMAN

California officials have filed a complaint accusing the El Paso
Natural Gas Company of trying to corner the market and manipulate
the price of natural gas.

http://www.nytimes.com/2001/03/26/business/26GAS.html?pagewanted=3?ex=98662903
1&ei=1&en=859192e2bd4fe962

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Copyright 2001 The New York Times Company


Hiya,

Why don't you let me take care of the flowers--I'll call Tarrytown Florist
and pick up the flowers for the 2nd.  I'll also do flowers for the tables.
Can you forward me the email from mom?

Do you have an idea of what you want in the announcement--I'll take care of
that as well.

Am still curious about that statistic regarding siblings of MS people.  I
know that the agent that causes MS is found in people moving to the
NorthEast (or other industrial North sections)--but if you are born there or
move there as an infant, you are generally immune.  Also, if you move there
past a certain age--like 12, you are also not at risk.  Think that is
particularly interesting since our move to CT proves that out--Cara was too
young and you were too old to be at risk....will still ask again next time I
see the neurologist.  It's amazing how you learn to cope--I sort of forget I
have MS most of the time.

I think Geoffrey wants to take you to dinner...he's thinking of flying
down..

Cindy


The following report is comprised of what was discussed at the Commission
meeting held tonight at approximately 7 PM EST and additional intelligence
gathered from FERC staffers after the meeting by Joe Hartsoe:

Physical Withholding -- To prevent physical withholding, the plan will
require sellers with PGA's to offer all their available power in real time.
All California generators, even those not subject to FERC price regulation,
will be required to sell into the ISO's real time market as a condition of
their use of the ISO's interstate transmission lines. Hydroelectric
facilities will be exempted. (24-7 for 1yr)

Price Mitigation -  The plan will establish a single market clearing price
auction for the real time market.  During Stage 1, 2 and 3 emergencies in the
ISO's real time market, each generator (other than hydro) with a
participating generator agreement is required to offer all available power
and bid its marginal cost based on the generator's heat curve, emission
rates, gas costs and emission costs, plus $2 for O&M.  The gas cost will be
the average daily cost of gas for all delivery points in California;
emissions are to be based on Cammon Fitzgerald(?).  The gas cost and
emissions will be published the day after, for use on the following day.  A
single market clearing price is determined in real time for all generators.
Highest bid sets the clearing price.  Each gas fired generator must file with
FERC and the ISO, on a confidential basis, heat and emission rates for each
generating unit.  The ISO will use these rates to calculate a marginal cost
for each generator, including maintenance and operating costs.  In the event
a generator submits a bid higher than the proxy price, the generator must,
within 7 days of the end of each month, file a report with FERC and the ISO
justifying its price.  FERC has 60 days to review/act.  No opportunity costs
in real time.  Marketers are in the same boat, as they must be prepared to
justify bid at purchased cost based on specific purchases or portfolio with
no opportunity cost.  However, credit sleeves are permissible.

Demand Response - Beginning June 1, only public utility load serving entities
must submit demand side bids to curtail load and identify the load to be
curtailed under those bids.  FERC is attempting to break the demand curve.
(24-7)

Outages -- PGA generators will coordinate planned outages and report forced
outages in accordance with the Commission Staff proposal adopted by FERC.

Term - Order expires one year from date of issuance.

RTO Filing - California ISO and two Utilities must make RTO filing by June 1
or Order lapses with no further effect.

ISO Reporting - On September 14, 2001, ISO must file a status report on how
things are working and how much generation has been built.  Comments are due
in 15 days.  Quarterly reports thereafter.

Revocation of Market Based Rate Authority and Refunds - The market based rate
authority of all public utilities is conditioned on 1) no physical withhold
of capacity, and 2) no inappropriate bidding behavior.  Inappropriate bidding
behavior includes bidding unrelated to known characteristics of the
generation unit or without an input cost basis or bidding not based on unit
behavior.  An increased bid based on increased demand could apparently be
inappropriate.  In addition, "hockey stick" bids are expressly prohibited
(i.e.  bidding 95% at marginal cost and 5% at a much higher level).

Limited 206 filing - Applies to sales in the WSCC, outside California.
Refund conditions apply in real time spot markets when contingency within a
control area falls below 7%.  Control areas are not required to publish when
this condition occurs.  Apparently anything over marginal cost must be
justified.  All marketers and non-hydroelectric generators must offer to sell
contractually and physically available capacity/energy to a location within
WSCC.  FERC is attempting to mirror the rules applied in California.
Comments are due in 10 days on the 206 investigations.  The refund effective
date is 60 days from publication of the Order.

Nox Limits in California --  Must sell requirements do not apply if a unit is
prohibited from running by law.  However, it appears that incurring fines
does not overcome the must sell requirement- just include the fines as part
of the price bid.  Also if Nox is limited, may seek to show that generation
would have been sold elsewhere or at different times for determining price.

Surcharge to pay past amount due -- Comments are due in 30 days on 1) whether
FERC should require the ISO to surcharge parties for payment into an escrow
account to pay past costs and 2) the effect this surcharge would have on the
PG&E bankruptcy filing.

No mention was made at the meeting as to issue of exports of power from
California.  The Order is not finally drafted as of yet, and the status of
the foregoing items could change upon issuance of the Final Order.  We will
keep you posted.

RA


Start Date: 2/5/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020520.txt
!!!General SQL error.
Couldn't update; currently locked.
Table

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 2/5/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3000
  ENGY_TYPE: FIRM


Happy New Year.  We hope your holidays were enjoyable and restful.  For a pleasant start to 2002, please join your Enron colleagues for coffee and donuts this Friday, January 11, from 8:00 - 9:00 a.m. in the lobby of the Enron Building.  We look forward to seeing you there.


Daily Market Commentary ATTENTION  . . . ATTENTION . . . ATTENTION . . . Beginning December 3 the Daily Briefs will be available only with a subscription to GasTrader Newsletter. With GasTrader Newsletter and the Daily Briefs not only will the short term outlook from the floor of the New York Mercantile Exchange be available, but the longer term outlook complete with no nonsense trading recommendations will be covered as well. Check out the website for a SAMPLE NEWSLETTER, sign up for a FREE 5 WEEK TRIAL SUBSCRIPTION at GasTrader.net or reply to this e-mail if interested in a special discount. . . . . .

November 19, 2001

STRONG CASH, LACK OF OFFERS BUOY FUTURES . . .

 Natural gas futures surged higher in busy trading Monday on the New York Mercantile Exchange. Prices opened lower but staged a stunning 27 cent rally from their lows to score triple digit gains. Strength in the Midwest cash market, and trader apprehension of selling against impending cold weather kept the bulls in control. Short term traders see a broad trading range with prices currently near the top of that range. . .

 At the close of trading the December futures jumped $.154 to $2.791 per MMBtu, and the January added $.146 to $2.996 per MMBtu. . .

 In the cash market buying by Midwest utilities
kept Chicago city-gate prices surging. Prices finished in the $2.50 range up from Friday's close in the $1.90's. . .

 "There were very few offers and prices just kept moving on up. There were
stops above the market, and the cash market took off and that kept the futures moving higher," said Bill Highland, trader with E.D.&F. Man, New
York. . .

 "There is cold weather expected in the upper half of the United States;
that was part of today's rally, but I don't know how long it's going to last." . .

 "We're still hearing a build for this week on the AGA's, and that's got some
traders spooked. I'm expecting a range of $2.90 to $2.60 for the rest of the
year," he said. . .

 "I read the floor traders as being short. Even though we had this move higher today I think some traders actually went home short. I'm looking for
a slightly higher open tomorrow (depending on Access), but December would be
a sale anywhere from $2.83 to $2.87," he said.

For the most complete information available subscribe to GasTrader at http://gastrader.net

Bill Burson
120 Summit Blvd.
Englewood, Colorado 80110
Tel (303) 761-7470 * Fax (303) 761-8662
(To be removed from this list send email to burson@gastrader.net)


Reservation status has changed. Details of the reservation are listed below:
ASSIGNMENT_REF = 29847
SELLER_CODE = AZPS
SELLER_DUNS = 958982563
CUSTOMER_CODE = EPMI
CUSTOMER_DUNS = 848921276
AFFILIATE_FLAG = 0
PATH_NAME = W/AZPS/AZPS-AZPS/FOURCORNE345 - PNPKAPS230//
POINT_OF_RECEIPT = FOURCORNE345
POINT_OF_DELIVERY = PNPKAPS230
SOURCE = FOURCORNERS
SINK = PNPK
CAPACITY = 25
CAPACITY_REQUESTED = 25
SERVICE_INCREMENT = HOURLY
TS_CLASS = FIRM
TS_TYPE = POINT_TO_POINT
TS_PERIOD = OFF_PEAK
TS_WINDOW = FIXED
TS_SUBCLASS = WHEEL
NERC_CURTAILMENT_PRIORITY = Nerc Priority 1
OTHER_CURTAILMENT_PRIORITY = Default
START_TIME = 04/07/2002
STOP_TIME = 04/08/2002
CEILING_PRICE = 1.95
OFFER_PRICE = 1.95
BID_PRICE = 1.95
PRICE_UNITS = $/mW
PRECONFIRMED = YES
ANC_SVC_LINK = N/A
ANC_SVC_REQ = N/A
POSTING_REF = 0
SALE_REF =
REQUEST_REF =
DEAL_REF =
NEGOTIATED_PRICE_FLAG =
STATUS = CONFIRMED
STATUS_NOTIFICATION = lisa.gang@enron.com
STATUS_COMMENTS =
TIME_QUEUED = 04/05/2002

TIME_OF_LAST_UPDATE = 04/05/2002
PRIMARY_PROVIDER_COMMENTS =
SELLER_COMMENTS =
CUSTOMER_COMMENTS = For info, call (503) 464-5070
SELLER_NAME = AZPS
SELLER_PHONE = 602.250.1128
SELLER_FAX = 602.250.1155
SELLER_EMAIL = oasisadm@apsc.com
CUSTOMER_NAME = Enron Power Marketing, Inc.
CUSTOMER_PHONE = (713)853-3801
CUSTOMER_FAX = (713)646-8272
CUSTOMER_EMAIL = bill.rust@enron.com
REASSIGNED_REF = 0
REASSIGNED_CAPACITY = 0


---------------------- Forwarded by Eric Bass/HOU/ECT on 08/02/2000 07:47 AM
---------------------------

"Hector Campos" <hocampos@hotmail.com> on 08/01/2000 04:08:11 PM
To: eric.bass@enron.com, brian.hoskins@enron.hotmail.com
cc:
Subject: Fwd: mullets

Check it out mullets...

http://www.amazon.com/exec/obidos/ASIN/1582340641/o/qid=9651
63608/sr=8-1/ref=aps_sr_b_1_1/104-5845180-8035156

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


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 01/11/2000
11:26 AM ---------------------------

"Yaish, Yair (OGC)" <YYaish@exchange.ml.com> on 12/28/99 05:22:00 PM
To: Elizabeth Sager/HOU/ECT@ECT
cc:
Subject: Notices Language

Elizabeth,

Yair Yaish
Merrill Lynch (OGC)
212-449-2456
yyaish@exchange.ml.com


Updated - SWAP Group

Mark Taylor, 37459 (Taffy Milligan, 57373)
Bob Bruce, 57780 (Brenda Whitehead, 35438)
Mary Cook, 57732 (Chaundra Woods, 57621)
Angela Davis, 58347 (Chaundra Woods, 57621)
Brent Hendry, 37124 (Becky Tlucek, 37599
Anne Koehler, 33448 (Carolyn George, 33439)
Cheryl Nelson, _______ (Keegan Ferrell, 53317)
Francisco Pinto-Leite, 55181 (Margaret Doucette, 67708)
Frank Sayre, 67383 (Holly Keiser, 66574)
Sara Shackleton, 35620(Kaye Ellis, 35968)
Carol St. Clair (Suzanne Adams, 37340)

Specialists:
Susan Bailey, 34737 (Taffy Milligan, 57373)
Samantha Boyd, 39188 (Keegan Farrell, 53317)
Tana Jones, 33399 (Taffy Milligan, 57373)
Stephanie Panus, 53249 (Becky Spencer, 37599)

SWAP Group Meetings- PLEASE MARK YOUR CALENDAR.
Legal/Credit meeting - every other Tues., 2-3 p.m. in EB38C2, next meeting
November 27.
SWAP Group meeting - 1st & 3rd  Wed., 10-11 a.m. in EB38c1, next meeting
December 6.

COMPANY CODE = 0413
COST CENTER = 105657


Dale and Karen,

Mark Taylor and a New York lawyer named Ken Rasler (great CFTC speech at
legal conference guy) are coming to town as set forth below.  I am trying to
get Elizabeth to come up then too but do not yet know her schedule.  For
Monday night entertainment I am inviting you both to join the three of us and
am wondering if this might be an opportunity to experiment with the bolt to
the countryside approach.  I'm  tired of these dinners in town and wonder if
we might not  be able to plunge forth into Arcadia by picking  them up at
5:30 and  then drive up the gorge or up to timberline lodge or, hell, let's
drive out to the coast for dinner, walk on the beach at night.  Anyway,  I am
open for suggetions and hope you can join us.  ----cgy
---------------------- Forwarded by Christian Yoder/HOU/ECT on 02/17/2000
03:07 PM ---------------------------
From: Tim Belden on 02/09/2000 08:43 AM
To: Kevin McGowan/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Diana Scholtes/HOU/ECT@ECT,
Robert Badeer/HOU/ECT@ECT, Christian Yoder/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, Greg Wolfe/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Dana Lee Campbell/HOU/ECT@ECT
Subject: Mark Taylor Visit

Mark Taylor will be visiting our office on Monday March 6.  I have arranged a
meeting with him from 2 until 4.  The purpose of the meeting is to provide us
training on some of the trading-related legal risks.  Mark will be joined by
some attorneys from an outside firm.  Please book this time on your
calendars.  Dana, could you please book a conference room.


Attached is the Bushton Balance for gasday October 13, 2001.  If you have any questions, please contact the South-Central Team.

Harry Woodson
713-853-6600


Today's IssueAlert Sponsors:

[IMAGE]

Are you looking to invest in, attract investors for, provide services to or
understand the business and technology dynamics of the hottest companies
emerging in the energy sector?   Attend the Energy Venture Fair, June 25 &
26, 2001, in Boston, MA and hear CEOs from 75 hot energy companies present
their business plans.  Complete event description available at
www.energyventurefair.com or call Nannette Mooney at (818) 888-4445, ext. 11.

Miss last week? Catch up on the latest deregulation, competition and
restructuring developments in the energy industry with SCIENTECH's
IssuesWatch

CORRECTION to 5/25/01 IssueAlert: The U.S. Senate has been evenly divided
between Democrats and Republicans since the November 2000 elections, not  for
seven years as was incorrectly stated in the column. We apologize for  any
misunderstanding that this error might have caused.

[IMAGE]

[IMAGE]
May 29, 2001

EDF Pursues Italy's Montedison;
Lack of Reciprocity Still a Factor

By Will McNamara
Director, Electric Industry Analysis

[IMAGE]Power giant Electricit,de France (EDF) has sent shock waves through
Italian financial markets and government ministries by attempting to raise
its stake in electric firm Montedison to 20 percent from about 6 percent.
However, Romano Prodi, the European Union commissioner for competition, is
considering an intervention in the battle between EDF, the French electricity
monopoly, and the Italian government. The latter has passed an ad hoc law
restricting EDF to 2 percent of the voting rights for Montedison, the Italian
electricity supplier spun off by Enel.

Analysis: Once again, the issue of reciprocity has taken center stage in the
European power market, with EDF playing the staring role. For the last year
or so, as the European Union (EU) has enacted electric competition across the
Continent, France's EDF has taken advantage of competitive opportunities in
other European countries while resisting any penetration of its own market by
foreign suppliers. Although EDF has a presence in the United Kingdom through
its ownership of London Electricity, the French power firm has wanted for
some time to increase its position in Spain and Italy. However, the
neighboring governments continue to fight any expansion by EDF until France
reciprocates and allows further liberalization of its own market.

As I have mentioned before in this column, France has been criticized by
other European nations for delaying energy liberalization in its own country.
As a result, EDF (which controls approximately 90 percent of the French
electric industry) may not be allowed to make additional acquisitions abroad
until it further opens its own market to competition. To date, France has
only opened its power and gas markets by the minimum amount imposed by the
EU, and EDF has played a large role in this resistance. While other European
countries such as Germany have opened 100 percent of their markets to
competition, France has opted for a phased-in approach, opening a third each
of its power and gas markets by February 2003 and August 2008, respectively.
Thus, although other companies such as Spain's Endesa have attempted to push
through barriers to obtain entry into France, it is questionable when true
competition will emerge in the country.

Nevertheless, EDF has now set its sights on Italy through an expansion of its
holdings in Montedison, one of Italy's main electricity companies. Reports
are mixed about how much EDF currently owns of Montedison. EDF recently said
that its stake increased from 3.971 percent to 5.971 percent. However, other
reports have indicated that EDF already controls about 20 percent of the
capital assets of Montedison. Both increases in Montedison were made
recently, which EDF was forced to confirm to the Italian stock market
regulatory Consob. EDF has claimed that its holdings in Montedison were made
strictly as a minority financial holding to diversify the company's financial
assets across Europe. However, at the same time, EDF has also indicated that
any increase it makes in its holdings on Montedison would be for trading
purposes. In other words, EDF wants to control the generating assets of
Montedison for resale across Europe's wholesale market. Further, with a
20-percent stake, EDF would become Montedison's largest shareholder and a
major presence in Italy's power market even as France remains mostly closed.

EDF's argument that it has secured a stake in Montedison solely for financial
diversification purposes is not flying with the European Union or the Italian
government. The consensus across the Continent is that EDF is making a
strategic increase of its electric holdings and plans to make as many
additional acquisitions as will be allowed by EU regulators. In fact, EDF has
admitted that its strategy is to "make 50 percent of its turnover from
activities abroad by the end of 2005, compared with 25 percent currently."
Consequently, it is clear that the French power firm is looking beyond its
home country for expansion opportunities, and these opportunities typically
have been in distribution and generation assets. Moving forward, the company
has expressed an interest in expanding its trading operation

For instance, last month I discussed a report that EDF is preparing a bid for
the regional U.K. electricity company Seeboard, which is owned by American
Electric Power (NYSE: AEP). Serving about two million connected customers in
England, Seeboard owns, operates and maintains an electricity network of over
45,000 km (28,000 miles) of overhead lines and underground cables. An
acquisition of Seeboard would factor into EDF's overall expansion efforts in
Europe and be a nice complement to London Electricity, one of 12 regional
electricity companies in England and Wales, which EDF bought from Entergy in
1998. In addition, EDF has also made acquisitions in Sweden (Graninge) and
Germany (EnBW) and reportedly is Poland's largest electricity distributor.
These acquisitions were made by EDF International, which is wholly owned by
the French government, and thus subject to EU oversight. Perhaps due to EDF's
size and presence in Europe, these previous acquisitions were allowed without
a great deal of EU intervention. However, now that other countries have
voiced criticism of EDF and put pressure on the EU to intercede, it is
unlikely that further acquisitions will proceed without intense scrutiny.

As noted, trading appears to be the next wave of EDF's expansion efforts.
Toward this end, EDF partnered with Louis Dreyfus in 1999 to create an energy
trading company called EDF Trading. The various companies that EDF has
invested in across Europe support the company's efforts to both learn about
new competitive techniques and financially benefit when competition opens
fully across the Continent.

For its part, the Italian government has responded that it will block any
increase of EDF's ownership of Montedison, based primarily on the argument
that EDF is not offering the same opportunity for expansion in France.
Specifically, Italy is working on a decree that would freeze the voting
rights attached to the shares that EDF holds in Montedison. Further outlining
its position, the Italian government has said that Italy must protect the
imminent privatization of the power stations in the country that will soon be
sold by Enel, one of the country's main power firms. As Montedison will be
one of the main contenders of the assets owned by Enel, the Italian
government wants to block EDF from increasing its share in the company and
thus having access to additional power assets in Italy. For instance, Enel is
planning to sell Elettrogen, a generation company that produces about 15
percent of the production capacity in Italy. If EDF were to increase its
stake in Montedison before or after Montedison makes a play for Elettrogen,
then EDF, as a foreign entity, would gain a lock over the Italian power
supply market.

Italy's anti-EDF law is an interesting development, but it does not mark the
first such legislation that has been initiated across the Continent. Spain
also has created a similar law that is specifically targeted against EDF with
regard to the French company's pursuit of Hidrocantabrico, Spain's fourth
largest supplier. However, despite the efforts by Spain and Italy to restrict
any expansion of EDF, the laws, although they are already in place, may
ultimately be deemed anti-competitive and a breach of the Treaty of Rome,
which calls for unlimited freedom on the movement of capital within the EU.
Similar to how the Federal Trade Commission investigates anti-trust
allegations in the United States, any attempt to overturn the laws in Spain
and Italy would result in lengthy legal battles.

EDF also remains interested in the Spanish's largest power utility Endesa,
which is about the only foreign company that has been able to penetrate the
French electricity market (through a 30-percent acquisition of French
electricity generator Soci&eacutet,Nationale d&#39Electricit,et de
Thermique). Endesa, which recently terminated an attempted merger with
Iberdrola, Spain's second largest power firm, has been viewed as a takeover
target for larger companies such as EDF.

At last report, the EU Commission said that it would base any decision to
intervene in the battle between EDF and the Italian government on "how far
control was being exercised." In other words, EU intervention will be based
on how much foreign control EDF might wield in the Italian market with an
increased stake in Montedison. The fact that France remains resistant to
electric competition in its own country remains a key factor in this debate,
and it certainly adds heat to the criticisms leveled against EDF by the
governments of Italy and Spain.

An archive list of previous IssueAlerts is available at
www.scientech.com

[IMAGE]
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regarding the key events occurring in the  energy industry, based on its
long-standing reputation as an expert on  energy issues.

Copyright 2001. SCIENTECH, Inc. All rights  reserved.


----- Forwarded by Jeff Dasovich/NA/Enron on 01/24/2001 10:37 AM -----

	Sharonda Stephens
	01/24/2001 09:39 AM

		 To: Mark Palmer/Corp/Enron@ENRON, Meredith Philipp/Corp/Enron@ENRON, Steven
J Kean/NA/Enron@Enron, Elizabeth Linnell/NA/Enron@Enron, Eric
Thode/Corp/Enron@ENRON, Laura Schwartz/Corp/Enron@Enron, Jeannie
Mandelker/HOU/ECT@ECT, Mary Clark/Corp/Enron@ENRON, Damon
Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith Miceli/Corp/Enron@Enron,
Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Iona
Maclean/LON/ECT@ECT, Katy Lomax/LON/ECT@ECT, Vance Meyer/NA/Enron@ENRON, John
Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Peggy Mahoney/HOU/EES@EES, Johan
Zaayman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gia
Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Katrin
Haux/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sharonda Stephens/Corp/Enron@ENRON,
Adriana Domingues/SA/Enron@Enron, Alex Parsons/EU/Enron@Enron, Andrew
Morrison/LON/ECT@ECT, Aroma Pannu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Eva Hoeffelman/LON/ECT@ECT, Fiona
Grant/LON/ECT@ECT, Gina Taylor/OTS/Enron@Enron, Habiba
Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Henry
Means/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jackie Gentle/LON/ECT@ECT, Janet
Johnson/Enron Communications@Enron Communications, Jennifer
Walker/NA/Enron@Enron, Jimmy Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Julie
Green/LON/ECT@ECT, Kelly Kimberly/Enron Communications@Enron Communications,
Kimberly Nelson/OTS/Enron@Enron, Lauren Goldblatt/NY/ECT@ECT, Mac
McClelland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Margaret
Allen/Corp/Enron@ENRON, Marge Nadasky/HOU/ECT@ECT, Marie
Hejka/Corp/Enron@ENRON, Shelly Mansfield/Enron Communications@Enron
Communications, Yvette Parker/Corp/Enron@ENRON, Karen Moore/NA/Enron@ENRON,
Courtney Votaw/NA/Enron@Enron, Carrie A Robert/NA/Enron@Enron, Mika
Watanabe/AP/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Alex
Parsons/EU/Enron@Enron, Carla Galvan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kathie Grabstald/HOU/ECT@ECT, Cindy Derecskey/Corp/Enron@Enron, Joannie
Williamson/Corp/Enron@ENRON, Peter Berger/Corp/Enron@ENRON, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stacy Walker/Enron
Communications@Enron Communications, Darran Binns/Enron Communications@Enron
Communications, Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,
Sandra McCubbin/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Larry
Carter/ENRON@enronXgate
		 cc:
		 Subject: (BN  ) Edison Says Banks Put Off Credit Remedies to Feb. 13

----- Forwarded by Sharonda Stephens/Corp/Enron on 01/24/2001 09:38 AM -----

	"ANN SCHMIDT, ENRON CORP." <ENRONPR@bloomberg.net>
	01/24/2001 09:37 AM

		 To: sharonda.stephens@enron.com
		 cc:
		 Subject: (BN  ) Edison Says Banks Put Off Credit Remedies to Feb. 13

               enron story

Edison Says Banks Put Off Credit Remedies to Feb. 13 (Update4)
1/24/1 10:32 (New York)

Edison Says Banks Put Off Credit Remedies to Feb. 13 (Update4)

     (Adds background on missed payments in fourth paragraph,
power alert in seventh paragraph, auction in eighth paragraph. For
more on California's electricity crisis, see {EXTRA <GO>}.)

     Rosemead, California, Jan. 24 (Bloomberg) -- Southern
California Edison Co.'s banks agreed to delay taking action
against the utility until at least Feb. 13 for defaulting on lines
of credit, an executive of its parent company said.
     ``The banks have agreed to forbear'' through that date, Ted
Craver, Edison International's chief financial officer, said in a
conference call with investors.
     The group of 23 banks have the right to demand accelerated
payments or seek other remedies after Southern California Edison,
California's second-largest utility, failed to make $230 million
of payments on maturing notes last week. That produced a ``cross-
default'' on its lines of credit.
     Both the utility and PG&E Corp.'s Pacific Gas & Electric
defaulted last week on commercial paper, a type of money-market
security. In addition, Southern California Edison failed to pay
$366 million to power generators.
     The two utilities have piled up more than $11.5 billion in
power-buying debt because rising demand and short supplies have
driven up the price they pay, and the state's deregulation law
caps the rates they can charge customers.
     For more than a week, the California Independent System
Operator has kept its highest alert in place. The Stage Three
alert is imposed by the ISO, which runs three-quarters of the
state's power grid, when reserves fall to within 1.5 percent
of demand.

                      Bankruptcy Outlook

     The state is now running an auction to solicit bids for
multiyear power contracts on behalf of the utilities. Producers
can submit offers in the auction, which ends at noon California
time, to sell power for as long as 10 years.
     Meanwhile, Southern California Edison and the banks are
getting the final paperwork ``mopped up'' on the forbearance
agreement, Craver said in yesterday's conference call.
     The utility doesn't intend to file for bankruptcy, Craver
said. ``We do not believe that solves anything,'' he said, as it
doesn't change the need for political and regulatory action to
address the utility's cash crunch.
     ``That's why we instituted this additional step of the
temporary payment suspension,'' Craver said. ``We believe we're in
a position to operate the business without running out of cash''
for at least three weeks, he said. He described the utility's net
cash flow as ``at least breakeven'' after the payment suspensions.
     Craver was asked during the teleconference about the chances
that power generators or other creditors might force the utility
into an involuntary bankruptcy.

                          Making Progress

     Generators are aware of the ``not-so-subtle threats that
bubble about'' regarding the state using eminent domain to take
control of power plants or contracts. ``It's in everybody's best
interest'' to find a way out that avoids bankruptcy, Craver said.
``That's the way everybody's operating.''
     California Governor Gray Davis and state lawmakers are
working on potential solutions, including locking in long-term
power contracts, to help keep the two utilities from bankruptcy.
The state's Department of Water Resources has an initial stake of
$400 million to buy electricity for the utilities.
     ``We're continuing to make progress and it's encouraging
that's being recognized,'' said Steve Maviglio, a spokesman for
Davis.
     ``There is now a very great deal of urgency'' among state
leaders to develop a comprehensive framework of solutions, Robert
Foster, Edison's senior vice president of public affairs, said
during the conference call.
     A framework may be in place by Feb. 1, Foster said. ``I
haven't seen anything quite this intense in 30 years'' in the
state capital, he added.

                         Paying the Bills

     Assembly Speaker Robert Hertzberg is working on a bill that
calls for Southern California Edison and Pacific Gas & Electric to
give up hydroelectric plants. In exchange, the state would sell
revenue bonds that repay past spending and finance power purchases
on their behalf.
     ``I don't think at this point we're really able to respond''
to that proposal without more details, Craver said. In response to
a question on the transfer of hydroelectric plants, utility
officials said the issues would include secured bondholders' liens
on Edison's assets.
     Utility officials said they have also been asked about who
will repay the $400 million of initial state spending on power
purchases.
     Based on the legislative intent, it is Edison's understanding
``that this power be paid for directly by the customers, not the
utilities,'' Stephen Pickett, vice president and general counsel
of Southern California Edison, said during the teleconference.
     ``It is not completely clear that that is the case,'' Pickett
said.
     Craver also stressed that Edison, the parent of the utility,
hasn't gone into default on its obligations. ``We're not having
difficulty meeting our obligations,'' he said, and its cash is
about twice the amount of commercial paper outstanding.

--Dennis Walters in Ojai, California, at (805) 646-1475, or
dwalters@bloomberg.net, through the San Francisco newsroom (415)
912-2980/pkc/cs/dw

Story illustration: For a chart comparing the performance of
Edison and PG&E with the Dow Jones Utilities for the past year,
click on {UTIL <Index> COMP D <GO>} or enter the command. Enter
EIX US <Equity> in the second box, and PCG US <Equity> in the
third. Press <GO>.

PCG US <Equity> CN
EIX US <Equity> CN
DUK US <Equity> CN
ENE US <Equity> CN
CPN US <Equity> CN
REI US <Equity> CN
NRG US <Equity> CN
WMB US <Equity> CN
SO US <Equity> CN
SOE US <Equity> CN
AES US <Equity> CN
DYN US <Equity> CN
13622Z US <Equity> CN
SRE US <Equity> CN

NI UTI
NI NRG
NI BNK
NI ELC
NI GAS
NI COS
NI LAW
NI US
NI EXE
NI GEN
NI CA
NI RULES
NI GOV
NI MUN
NI MNC
NI BCY
NI USBONDS

-0- (BN ) Jan/24/2001 15:32 GMT


All:
I haven't heard from Woody yet, but I thought I'd chime in to add something
to John's excellent summary of the Maine SOS potential deal.

Perhaps the biggest legal risk is that Enron would be subjected to Maine
rules and regulations on SOS, which could be changed at any time.  During
phone conversations over the last 2 weeks, we explained to Maine PUC staff
that, in a wholesale contract, we usually do not retain this risk.  We
explained the clauses in the UI deal (anonymously, of course) that (1)
prohibit UI from advocating change that would adversely affect us and (2) if
such change occurs anyway, requires UI to negotiate w/ us to restore the
original economic bargain.  The staff indicated a willingness to have the PUC
issue its order awarding the SOS contract also say that the PUC would not
change the rules for the term of that award.  But we don't know how they
would do that (we might see a draft early this week), and that still doesn't
really remove the regulatory change risk  -- only a statute could do that,
and they don't appear to have much of an appetite for that.

On the damages issues, the contract w/ the T&D company gives Enron no comfort
at all.  The T&D company has virtually no liability to Enron, nor does anyone
else.  However, under SOS Rule 301, if Enron defaults, the Maine PUC will
order the T&D company how to handle finding replacement service and Enron
would be exposed to the full replacement costs, in spite of the cap on the
Enron Corp. guarantee.  Effectively, this means that Enron Corp.'s liability
is capped, but the Enron entity that provides the SOS can potentially be sued
by the Maine Attorney General for additional amounts needed to pay for the
additional costs -- or the PUC can approve a rate increase from customers.
(Sounds like this would be a political decision, eventually.)  The difference
between this exposure and how we usually handle this issue is that our
contract usually sets parameters on calculating replacement costs and
requires commercially reasonable behavior, standards for which are widely
accepted and ultimately interpreted by commercial arbitrators in a neutral
forum.  In the Maine situation, if we want to dispute the amounts claimed,
we'd have to argue about whether commercially reasonable behavior was even
required, and we'd be doing that in litigation in a Maine court facing the
Maine Attorney General.

Please let me know if you'd like any other info or wish to discuss further.
Regards,
Janice

EB3861
Assistant General Counsel, Enron North America Corp.
713-853-1794 (Fax:  713-646-4842)

	John Llodra@ENRON
	11/27/2000 09:23 AM

		 To: Janet R Dietrich/HOU/ECT@ECT
		 cc: George Wood/Corp/Enron@Enron, Janice R Moore/HOU/ECT@ECT, Jeffery
Ader/HOU/ECT@ECT, Jim Meyn/NA/Enron@Enron, Pearce W Hammond/Corp/Enron@ENRON
		 Subject: Summary of Maine SOS transaction

Janet:

As promised, here is a brief synopsis of the Maine SOS transaction terms and
issues.  I am in the office all day and free to discuss if you like.  Woody
is actually on the way to Houston and is available after about noon central
time.

Janice Moore (x31794) has worked on the many legal issues and can elaborate
more fully on the issues there, including the lack of a real contract
counterparty.  Jim Meyn and Pearce Hammond in structuring can give you more
details on the load stats, etc in each of the classes for each utility.

I will also forward some old email correspondence I have which discusses the
various legal issues and bidder qualification requirements, etc.

Please feel free to call to discuss.  (978-449-9936).

Regards,
John


Chris

Is it true that we get the info first from the AGA,
---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/02/2000
10:12 AM ---------------------------

Brian Redmond@ECT
11/30/2000 10:35 AM
To: Julie A Gomez/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron

Subject: Re: AGA Membership

I thought that Jeff Shankman decided not to cancel and to pick up the
membership costs for that reason when he was in ENA?

Brian

	From:  Julie A Gomez                           11/30/2000 10:28 AM

To: Brian Redmond/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc:
Subject: AGA Membership

Hello Guys-

As of a year and a half ago, Enron cancelled their membership to the AGA.
This has not presented a problem since we still have acess to the online
database as long as we are the reporting entity for the Bammel storage
facility.  One thing to keep in mind is that when we sell HPL, we will need
to subscribe to the AGA at a cost of about $100,000 per year in order to keep
the online access which is critical for the weekly AGA stoage numbers.
(Bloomberg reports the same numbers 2 minutes later, and per the traders
those are VERY critical seconds).

Regards,

Julie  :-)


Has Sue gotten in touch with you.  And have you contacted Tim Belden in
Portland?  He is the absolute guru on this stuff.


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/19/2000
03:30 PM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/19/2000 03:10:42 PM
To: <Ami.Chokshi@enron.com>, <Christina.Sanchez@enron.com>
cc:

Subject: 6/15/00 Revision to Sea Robin Volumes

Christina,
The attached shows the volumes that should have been nominated effective
6/15/00 and 6/16/00.  The Sea Robin plant was back up for those two days and
gas was processed resulting in a decrease for PVR.  Effective 6/17/00, the
plant was down again and volumes were increased to reflect no processing
loss.  I forwarded those volumes to you on Friday, June 16.

Let me know of any questions you have.

Thanks,
Steve

 - EI305reveff061500.xls
 - EI330Areveff061500.xls
 - EI330Breveff061500.xls
 - EI330Creveff061500.xls
 - EI333reveff061500.xls
 - EI337reveff061500.xls
 - SMI23reveff061500.xls
 - SMI41reveff061500.xls
 - SMI128reveff061500.xls
 - WC560reveff061500.xls
 - WC580reveff061500.xls
 - GB128reveff061500.xls


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

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

G

	Ernie.J.Zavaleta@fritolay.com
	02/26/2001 12:09 PM

		 To: gerald.nemec@enron.com
		 cc:
		 Subject: 2nd Hotel Room Confirmation

Gerald,

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

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

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

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

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

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

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

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

 FOR: ZAVALETA/ERNIE          REF: FRIT-0046000

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

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


---------------------- Forwarded by Phillip M Love/HOU/ECT on 03/28/2001
11:37 AM ---------------------------
From: Veronica Espinoza/ENRON@enronXgate on 03/28/2001 09:19 AM
To: Janie Aguayo/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, David Baumbach/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT,
Patricia Boulanger/CAL/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Julie
Brewer/NA/Enron@Enron, Lesli Campbell/ENRON@enronXgate, Celeste
Cisneros/NA/Enron@Enron, Sharon Crawford/CAL/ECT@ECT, Richard
Deming/NA/Enron@Enron, Russell Diamond/ENRON@enronXgate, Cindy
Feldman/CAL/ECT@ECT, Darron C Giron/HOU/ECT@ECT, Veronica
Gonzalez/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Walter
Guidroz/ENRON@enronXgate, Larry Joe Hunter/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Nidia Mendoza/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, Leslie
Reeves/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Dianne Seib/CAL/ECT@ECT,
Linda Sietzema/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Ellen
Wallumrod/NA/Enron@ENRON, Melinda Whalen/CAL/ECT@ECT, Tiffany
Williams/NA/Enron@Enron
cc:
Subject: Credit Report--3/28/01


I have asked Patti to get us together  to discuss your e:mail message as soon
as possible.  Hopefully, we can work that out this week.  I llok forward to
talking with you and I will be glad to help you in any way that I can.


Hi Rod

Since I am using Yahoo as a mail server, I am not sure
you received my e-mail of yesterday with my resume
attached. If you did not, please let me know and I
will resend it.

Also, I wanted to let you know that I am in Santa Fe,
NM and the telephone number is 505-982-6636, Ext 130.

Thanks

Mike

__________________________________________________
Do You Yahoo!?
Yahoo! Photos -- now, 100 FREE prints!
http://photos.yahoo.com


Following please find the New EnronOnline Executive Summary. This summary
will be sent on a daily basis.

Please disregard the previous email because the MTD number was incorrect.

EnronOnline Executive Summary for 10/10/00
Transaction Summary
External Transactions Today	2,653
Average Daily External Transactions (30 day Trailing Avg)	2,430
Total Life to Date Transactions*	348,719

EnronOnline Percentage of Entity's Total Transactions for 	10/10/00
Enron North America	74%
Enron Europe Limited	45%
GLOBAL PRODUCTS	34%
Enron Metals	5%

Gross Notional Value of EnronOnline Transactions	Total
Today	1,522,925,449
MTD	12,728,321,670
LTD	181,421,382,127
Average Daily Notional Value (30 Day Trailing Avg)	1,587,091,791

Notional Revenue from Physical Flows to Date	12,866,453,407

Counterparties, Users, and Products Offered
Counterparties having transacted to date	506
New Counterparties transacting for the first time today	2
Number of Products Offered Today	1,235
Total Number of External Users Logged on Today	2,881
Average # of External Users logged on (30 day Trailing Avg)	2,458


I knew it!!!

-----Original Message-----
From: Yowman, Andrea
Sent: Thursday, October 18, 2001 7:40 AM
To: Cash, Michelle
Subject: RE: Management Committee presentation - Any suggestions

Absolutely.  In fact, I had planned to prepare a draft today and cover with you prior to giving anything to Kelly tomorrow.  That's my normal mode of operation.

-----Original Message-----
From: Cash, Michelle
Sent: Wednesday, October 17, 2001 9:40 PM
To: Yowman, Andrea
Subject: RE: Management Committee presentation - Any suggestions

Andrea, I would like to review whatever presentation you provide to Ken Lay, as I continue to have concerns that information can be used against us.  Perhaps it would be useful for me to discuss this with you and Kelly, as I know that you are aware of and appreciate my concerns.  Thanks a lot.  Michelle

-----Original Message-----
From: Yowman, Andrea
Sent: Wed 10/17/2001 8:33 PM
To: Cash, Michelle
Cc:
Subject: FW: Management Committee presentation - Any suggestions

Hi Michelle,
Do you have any suggestions so that I can move forward in finalizing the data based on our discussion of having Jeanerette run the numbers?

 -----Original Message-----
From:   Yowman, Andrea
Sent:   Wednesday, October 17, 2001 8:31 PM
To:     Kimberly, Kelly
Subject:        Management Committee presentation - FYI

Kelly,
A part of the Management Committee presentation, we will need the DATA as part of 'business case'.  Michelle Cash and I have discussed using Jeanerette to calculate the standard deviations.  I was hoping to get the clearance from Mary Joyce to prepare and provide the data.  As you can see, from the original note of Oct. 8th I am at a standstill and am positive I cannot get this information turned around, analyzed and ready as a part of the presentation by Friday noon, per your request.

So I will prepare a proposed presentation without the data.  I hope to get this resolved shortly.   Please let me know if you have any questions.

ay

 -----Original Message-----
From:   Wright, Teresa
Sent:   Tuesday, October 16, 2001 10:41 AM
To:     Yowman, Andrea
Subject:        RE: Mid-Year PRC Results for HR

I will work with the Assistants to schedule something for this week.

Happy Boss's day!

T.

 -----Original Message-----
From:   Yowman, Andrea
Sent:   Tuesday, October 16, 2001 9:53 AM
To:     Wright, Teresa
Cc:     Joyce, Mary; Cash, Michelle
Subject:        RE: Mid-Year PRC Results for HR

Thanks.  That would be great.  Do you think it can be this week because we are trying to get a presentation ready for Mr. Lay.

 -----Original Message-----
From:   Wright, Teresa
Sent:   Tuesday, October 16, 2001 9:01 AM
To:     Yowman, Andrea
Cc:     Joyce, Mary
Subject:        FW: Mid-Year PRC Results for HR

Good Morning Andrea:

Mary is unavailable today.  Would you like for me to coordinate with Mary and Michelle another time for you to meet?

Please let me know I would be glad to assist.

Teresa

 -----Original Message-----
From:   Yowman, Andrea
Sent:   Tuesday, October 16, 2001 7:00 AM
To:     Joyce, Mary; Cash, Michelle
Subject:        RE: Mid-Year PRC Results for HR

Mary/Michelle,
Would it be possible for us to meet today to discuss the HR data needed to to run the standard deviations.  All other data has been prepared to submit to Jeanerette.

Thanks.
ay

 -----Original Message-----
From:   Yowman, Andrea
Sent:   Monday, October 08, 2001 6:00 PM
To:     Joyce, Mary
Cc:     Schultea, Kathryn; Cash, Michelle; Olson, Cindy
Subject:        Mid-Year PRC Results for HR

Mary,
We are currently in the process of doing diversity analysis with the Mid-Year 2001 PRC data.  We will also have the Jeanerette group run the standard deviations.  Since I have taken on the EEO/AAP responsibility, Michelle and I agree that the HR data needs to be incorporated into the analysis and will need your approval for me to get access to the information.   Please let me know what I need to do to get clearance.  Our target is to get the information ready by Thursday but will need at least a day to consolidate the information.

Thanks. ay

Andrea Yowman
Enron Corp
713-853-1477


----- Forwarded by Richard B Sanders/HOU/ECT on 12/15/2000 03:33 PM -----

	"Dawne Davis" <ddavis@hollandhart.com>
	12/11/2000 02:30 PM

		 To: <bdavis@enron.com>, <ccheek@enron.com>, <jplace@enron.com>,
<linda.r.guinn@enron.com>, <mlawles@enron.com>,
<richard.b.sanders@enron.com>, <staci_holtzman@enron.com>, <tlehan@enron.com>
		 cc:
		 Subject: Order on Status Conference

Attached is Judge Downes' Order Following Status Conference.

Dawne Davis
Legal Assistant
Holland & Hart
P.O. Box 1347
Cheyenne, WY  82003
307-778-4240
307-778-8175 - fax
ddavis@hollandhart.com

NOTICE:  This message is PRIVILEGED AND CONFIDENTIAL.  It is sent under the
terms and conditions of a Joint Defense Agreement (JDA) and is directed only
to recipients who the sender believes have agreed to be bound by the JDA.  If
you do not agree to be bound by the JDA, or if you believe that this e-mail
has been sent to you in error, please reply to notify the sender that you
received the message in error, and please delete and disregard this e-mail.
Thank you.

 - 53853000.PDF


I am pleased to announce the following organizational changes within EGM Operations & Accounting effective immediately:

Todd Hall will be relocating to London and will assume responsibility for all EGM operational activities in London including Risk Management, Confirmations, Coordination & Settlements and Trade Accounting.  Todd will be working closely with the EGM business unit heads in London to ensure their businesses are being supported in an effective and efficient manner.

Cindy Horn will assume the role of EGM IT & Remote Office Controller.  She will be responsible for the oversight and coordination of all IT projects affecting the Operations group.  Her duties will include monitoring and reporting project timelines and expenses and ensuring IT is being utilized in the most cost-effective manner within Operations.  Cindy will also manage the operational activities of the Singapore and Tokyo offices and coordinate with the Sydney office in regards to EGM operations.

Michelle Bruce will assume responsibility for Risk Management in the Houston office for Crude & Products, Coal and Weather.  She will also continue to manage the Confirmation, Coordination & Settlements and Trade Accounting functions in Houston.

Please join me in congratulating these individuals on their new assignments.


Steve:  we have already begun pulling together issues papers on NTIA, NOAA,
trade, etc. but wanted everyone to see the specific questions in order to
solicit additional input from everyone.  thanks.
----- Forwarded by Cynthia Sandherr/Corp/Enron on 01/05/2001 05:54 PM -----

	paul.scolese@bushcheney.gov
	01/05/2001 05:48 PM

		 To: rcole@vsadc.com, metzner@acgrep.com, jcicconi@att.com,
bkilberg@nvtc.org, dhanna@hannacap.com, dvandongen@nawd.org,
lpressler@oconnorhannan.com, gws@clickaction.com, haslamja@pilotcorp.com,
sol@graviton.com, bskladany@akingump.com, fkvamme@kpcb.com,
kmassey@gscapitalvc.com, johnsonp@fleishman.com, keneldred@aol.com,
blafuze@velaw.com, jwatkins@brook.edu, bonnie.hunter@paceco.com,
csandhe@enron.com, rick@rtaassoc.com, jack.faris@nfib.org, egan@emc.com,
fphandyman@aol.com, riuculano@metlife.com, lipsen@cisco.com,
bds02@sprynet.com, fnichols@nam.org, ctgood@udel.edu,
jspeyer@tishmanspeyer.com, rmeyer1@state.wy.us, tom.collamore@pmmc.com,
rlanderson@wms-jen.com, chris.hankin@sun.com, tonyvillamil@aol.com,
wberman@parkstrategies.com, mike.maibach@intel.com, chick82@msn.com,
kirsch006@aol.com, jprboss@aol.com, mdawson@wrf.com,
zenia.mucha@chamber.state.ny.us, gbw@nmrs.com, jkushan@pgfm.com,
brian.dowling@safeway.com, david.crane@autodesk.com,
carol.bartz@autodesk.com, powers@podesta.com, rob_bras@dell.com
		 cc:
		 Subject: Dept. of Commerce Advisory Committee

Dear Advisory Committee Member:

Thank you again for agreeing to serve on the Department of Commerce
Advisory Committee.

As we are in the process of developing transition materials for the U.S.
Department of Commerce, we would be very appreciative if you would consider
responding to the attached questions about the Department of Commerce.
Please feel free to address any additional issues that are not covered in
the questions.

Please send your response (as well as any other policy-related messages) to
me at:  paul.scolese@bushcheney.gov.  I have attached the questions as text
and as a Word format document.

The membership list is currently being finalized.  I will send you a
complete membership list as soon as it is available.

Thank you very much for your help.

Paul Scolese
202/513-7530 - direct
202/513-7540 - fax

       Discussion Question for Transition Advisory Committee Members
                          Department of Commerce

     The Department of Commerce considers broad range of issues in its role
as   the   lead   Department   in  promoting  trade,  economic  growth  and
technological  advancement.  These issues include:  Science and Technology,
Telecommunications,  International  Trade,  Export  Promotion,  Patent  and
Trademarks,   Economic   Development,   Competitiveness,  and  Oceanic  and
Atmospheric  Research.   With  this  information  in  mind, we ask that you
consider the following questions.

1.    Are  there  any critical issues handled by the Department of Commerce
that  you  believe might rise to the Presidential level for decision in the
first year of the new Administration?

2.   If a short list of issues facing the Department of Commerce were being
developed, what issues do you believe should be on that list?

3.    Are there any policy areas that have been neglected at the Department
of Commerce over the past eight years that need to be addressed?

4.    Are  there any management, administrative or organization issues that
need to be addressed?

5.    Are  there  any  significant  administrative  actions (organizational
changes,  executive  orders,  directives,  program letters, rulemakings, or
lawsuits) that should be reviewed early in the new Administration?

6.    Please  provide  any  other  information  on policy or administrative
issues you believe would be helpful.

(See attached file: DOC questions.doc)
 - DOC questions.doc


TW

Socal Window               (Actual)      (Projected)
Saturday                       688
Sunday                         709
Monday                                              728

California Del.
Saturday                       947
Sunday                         960
Monday                                              964

San Juan Del.
Saturday                       870
Sunday                         871
Monday                                              874

East Del.
Saturday                      430
Sunday                        445
Monday                                              351

No major problems for the weekend.

NNG

Temps.
Saturday                       39
Sunday                         43
Monday                                                53

System Load
Saturday                     1959
Sunday                       1800
Monday                                             1675

Line Pack
Saturday                     3318
Sunday                       3400
Monday                                              3400

No major problems for the weekend.


Start Date: 4/27/01; HourAhead hour: 13;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042713.txt


What people know:

Hertzberg (et al's) bill (82XX)was heard in an "informational" hearing today and still sits in the Assembly Energy Committee.  It will be heard again tomorrow (perhaps beginning at 10 AM) , at which time parties will have a chance to support/oppose and ask for amendments.  Most, including us, oppose unless significantly amended.
The Wright (D) -Richman (R) bill (83XX)was heard in an "informational" hearing today and still sits in the Assembly Energy Committee.  It will be heard again tomorrow, at which time parties will have a chance to support/oppose and ask for amendments.  From our perspective, this is the best bill out there yet, though it still has serious problems---it isn't available electronically yet, but should be tomorrow, and I'll distribute then.  The chances of the joint D-R bill being successful are slim, however, since it's up against the Speakers competing bill.  There is talk that the Speaker will try to negotiate with Wright/Richman tonight and include any agreement in his bill (82XX).
The original version of the Governor's MOU bill sits in the Senate.  Most believe that Burton will put it up for a vote this week and it will fail.
The Senate's version of the MOU (Sher-Peace-Kuehl) (78XX)came out today.  It will likely be heard in the committee tomorrow or the next day.  Notably, it kills Direct Access completely and makes Edison shareholders responsible for that portion of Edison's debt owed to suppliers.  In short, a very bad bill.
Burton's 18XX, which would de-link the bond issuance (to pay back the General Fund) from the DWR contracts is likely to pass the Senate tomorrow or the next day.  Many--including Enron--support the bill (though we are supporting it behind the scenes).

What people don't know:
Whether there's the time or the will in the Assembly and Senate to achieve by Friday a single, comprehensive bill that can be sent to the governor for his signature.
Whether the Legislature would postpone its month-long recess if the Legislature hasn't finished a bill by Friday (most folks think they will not postpone).
Whether it's true that, irrespective of the energy issue, the Legislature will fail to get the budget completed by Friday and therefore have to postpone their recess anyway, in which case they might continue to work on the energy legislation at the same time.

Odds-makers still say it's better than 50-50 that the Legislature does not get the Edison bills done by Friday and leaves on on its 30-day vacation.

Best,
Jeff

Sacramento is one goofy place.


Start Date: 10/8/01; HourAhead hour: 8;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001100808.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: EPMI_CISO_RED
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BLUE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_GREEN
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_ROSE
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_YELLOW
  ENGY_TYPE: WHEEL
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:   0.00 / Final:   0.01)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/8/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_ORANGE
  ENGY_TYPE: WHEEL


I should have sent this to you.  Sorry.

Might save time if you got financials from Mike re: NorthWestern Corp.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 06/06/2001 08:48
AM ---------------------------

Kay Mann
06/01/2001 09:13 AM
To: stephen.swift@ps.ge.com
cc: john.schroeder@ps.ge.com, jeffrey.darst@ps.ge.com,
michael.barnas@ps.ge.com, Ben Jacoby/Enron@EnronXGate

Subject: Re: Enron Blue Dog Assignment

Steve,

Merchant Energy Ventures doesn't have auditable financials, but NorthWestern
Corporation will give GE a corporate guaranty for MEV. Let me know if you run
into difficulty verifying their financial status, as I'm sure we can get you
something. In addition, Enron North America will have the responsibility to
make the future payments to GE as these payment obligations exist as of the
closing.

Kay

stephen.swift@ps.ge.com on 06/01/2001 08:53:13 AM
To: Kay.Mann@enron.com
cc: john.schroeder@ps.ge.com, jeffrey.darst@ps.ge.com,
michael.barnas@ps.ge.com

Subject: Enron Blue Dog Assignment

Kay,

Does Merchant Energy Ventures LLC have any auditable financials?  If not can
Enron give some form of parent guarantee?

Let me know if either is possible.

Thanks,

Steve Swift


See attached


So nice to hear from, it is indeed always a pleasure.  I can't wait until we
can get together and have a chance to really chit chat.  We're always so
busy, "A woman's work is never done".

I did not go to rehearsal the other night myself, I had a customer in town
and had to take him out to dinner, since he's one of my biggest customers.

I'm looking forward to my 3 day weekend, are you guys working on Monday,
President's Day?  I'm off and can't wait.

I will certainly keep you in prayer, my child.

Love you!!

.


Tanya,
        While there is seasonal correlations in power, especially for Np-15
and SP-15 (same region), the term structure of correlations can be input.
However, the same correlation structure with similar periodicity may not hold
between Np-15 and, say, R1B (Neepool), though one would imagine that
relationship would still be seasonal (summer/winter), with greater noise.
Even if the correlational term structure is to be done for Power, different
rules would have to be inputted for different regions.
Naveen

Tanya Tamarchenko@ECT
10/05/2000 10:42 AM
To: Vladimir Gorny/HOU/ECT@ECT, Naveen Andrews/Corp/Enron@ENRON
cc: Kirstee Hewitt/LON/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Wenyao
Jia/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT

Subject: Re: implementing term-structure of correlations for power

Vlady & Naveen,
I am sending you the factor loadings for power calculated based on the prices
from 25-jun-00 to 25-sep-00. They look rather messy.

Thus joint estimation of factors for a few regions does not look realistic.

Instead we might implement the term structure of correlations.
Instead of heaving 1 correlation matrix based on prompt month prices and
applying this matrix to all maturities,
we can have a number correlation matrices each corresponding to a particular
prompt month.
I attached the term structure of correlations between R10 and R11 calculated
using 5, 4, 3, 2, 1 months
of historical forward prices prior to 30-sep-00 with and without decay factor.

You can see that:
1)  the results are close for 5, 4, and 3 months of history;
2) correlations are periodic with a period of 1 year (this means we can use
12 correlation matrices calculated from
first 12 forward contracts and apply these matrices to other forward months);
3) Using decay factor makes the curves a little smoother.

Implementation of multiple correlation matrices will not affect the speed of
calculations in VAR model significantly.

Please, give me your response,

Thanks,

Tanya.


Please note the changes  in the GCP record as follows in the attachment:


John:
As we discussed, here is a draft of a proposed amendment letter which covers
the issues that we talked about.  Depending upon how Leslie handles the
affiliate issue, more may be added to this.  Alos, as I ,mentioned to you,
this needs to be approved by the head of our Online group before I can sign
off on it.  I am in the process o getting that approval.
Carol


Please send any comments directly to Peggy.
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/24/2001
07:29 AM ---------------------------

Peggy Mahoney@EES
05/24/2001 12:32 AM
To: James D Steffes/NA/Enron@Enron, Karen Denne/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Vicki
Sharp/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES,
Elizabeth Ivers/Enron@EnronXGate, Mark Koenig/Enron@EnronXGate, Paula
Rieker/Enron@EnronXGate, Evan Hughes/HOU/EES@EES
cc: Max Eberts/HOU/EES@EES

Subject: Draft - Background and Q&A for CA residential customers

Attached is the first Q&A draft.  Please review, add questions, edit, etc.
This will be used as a guide for media and government affairs responses.

Evan/Diann - It needs to be tailored for use as a customer service script.
There are some blanks we could use your help on - noted in blue.

Max Eberts at 58804 and Beth Tilney at 35022 will be the contacts for edits
via email or by phone.  I will call-in when I arrive in Washington at about
1:30pm.

Thanks
Peggy


It appears that the following email may not have been clear.  You have to copy all documents yourself.

This is my cheat sheet if it helps:

H Drives:
1.  Each person will have to move any data over personally from the old H drive (which is now Z:) drive to their new H drive.
2. The Z: drive (old H:) will be removed from UBS employees on Thursday night.

O Drives:
1. For the old O or M drives go to O:\ESTATE\ O (or M ? pending location of data) and copy to the new common O.  The Estate O and M will be removed from UBS employees on Thursday night.

Do not delete anything and only copy information which is complies with the policy.  Please make sure that those people who are not in the office are contacted and comply.

Louise

To:		All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)

Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS.  To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.

Please review the protocol carefully.  Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.

Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .

Protocol Document and Data Copy Instructions

Certification Document


Imad,

Just wanted to let you know that I passed your resume on to the desk
director.

Mat


BRAWNER, SANDRA F,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
ROYED, JEFFREY


----- Forwarded by Mark Taylor/HOU/ECT on 08/09/2000 02:33 PM -----

	Julie Ferrara
	08/09/2000 01:24 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Screenshot


Two names:John Quinn at Quinn Emanuel and Susman Godrey(LA and Houston office)

	"Alan Yudkowsky" <AYUDKOWSKY@stroock.com>
	05/16/2001 12:15 PM

		 To: <richard.b.sanders@enron.com>, <pmar@mofo.com>, <hweg@pgwlaw.com>
		 cc:
		 Subject: Re: CalPX Participants Committee-Commandeering Litigation

I have spoken with Marshall Grossman of Alshuler Grossman Stein & Kahan LLP.
He is interested.

>>> "Howard J. Weg" <hweg@pgwlaw.com> 05/15/01 09:22AM >>>
Please forward to Alan Yudkowsky, Richard Sanders, Pat Mar and me your
suggestions for proposed counsel to handle the commandeering litigation.  I
would like to schedule a Committee meeting to consider the candidates as
soon as possible after the Court approves the Stipulation at the May 17
hearing.

Thanks.


Alison,

Thanks a lot.

Vince

	Enron North America Corp.

	From:  Mary Alison Bailey                           10/25/2000 10:47 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Yaron's Resume

I promise we will do everything we can.  Right now Kristin's assistant, Alyse
Herasimchuk,  has a call the Cornell career office to put him on the
schedule.  If that doesn't work, Kristin will ask for the interviewers to
stay longer to interview him.  Will let you know as soon as we do.

Thanks for everything you do for us.

Alison

Vince J Kaminski
10/25/2000 10:02 AM
To: Mary Alison Bailey/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Yaron's Resume

Alison,

I appreciate it. I really need your help on this one. His father is very
helpful in my recruiting
efforts at Berkeley.

Vince

	Enron North America Corp.

	From:  Mary Alison Bailey                           10/25/2000 09:38 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Yaron's Resume

CORRECTION - I was going too fast last night ( You said Cornell not Carneige
Mellon). Cornell interviews are Monday, October 30 & Tuesday, October 31.  We
are faxing Shmuel Oren's resume to Kristin and checking to see if  there is
any time on the closed schedule, or if the interviewers will stay longer to
include him.  I will let you know today if we can make it work.

Sorry my first e-mail was incorrect.

Vince J Kaminski
10/24/2000 04:37 PM
To: Charlene Jackson/Corp/Enron@ENRON
cc: Mary Alison Bailey/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Yaron's Resume

Charlene,

Please, help. This is a son of a professor at Berkeley who helps me a lot in
the recruiting process.
His son goes to Cornell. Can we invite him (the son, not the professor) to a
Super Saturday? I really want
to repay the debt to his father who is very instrumental in  my recruiting
efforts.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/24/2000
04:40 PM ---------------------------

"Shmuel Oren" <oren@ieor.berkeley.edu> on 10/23/2000 04:37:25 PM
To: <vkamins@enron.com>
cc:
Subject: Yaron's Resume

?
 - Yaron-RESUME3.doc