I think you, or someone in your group, should cover this.  The attendees are
operations focussed and may be interested in issues such as siting,
interconnection and environmental issues.  Also, from a more macro
perspective, what kinds of demands the new industry structure may place on
operators  -- the importance of flexibility in asset operations (ie the
premium the market will place on quick response) or the challenges of
different scheduling regimes between the gas and power markets.

---------------------- Forwarded by Steven J Kean/HOU/EES on 07/25/2000 02:20
PM ---------------------------

JENNIFER STEWART@ENRON
07/24/2000 09:45 AM
To: Steven J Kean/HOU/EES@EES
cc:
Subject: Enron's Global Asset Management Conference

Steve,
As we discussed the other day, Enron's Global Asset Management Conference
committee would like to invite you to be the sponsor for our panel discussion
on Enron's Regulatory and Governmental Affairs issues for this conference
which is being held at the Woodlands Conference Center on October 8-11.  We
would like to have your panel discussion on October 9, from 3:30-5:30PM.  We
would like to ask that the you to put together a session that highlights
topics that provide a insight from both a national and international
perspective

The conference committee has chosen the One Enron theme since the attendees
at the conference are coming from all the Enron business units both
domestically and internationally. The estimated attendance at the conference
will be 225 Enron and Joint Venture employees.  The invitations are being
issued enterprise-wide to employees who are engaged in
operations/maintenance/purchasing./sourcing  This conference is the expansion
of the annual plant managers' conference that is held each year in Houston.
We are replacing it with what we will be a "Best in Class" conference
addressing multiple topics that will provide direction that will result in
lower costs, increased earnings and employee retention.  We will also be
utilizing this conference as an additional mentoring activity for our
Minority/Women Business Enterprise suppliers.
I hope that you will accept our invitation, because I know many of the
participates will benefit from your panels experiences and knowledge.

An agenda has been attached for your review, however it is still in
development.

If you have any questions, I can be reached at (713) 646-8235.

 Jennifer L. Stewart
Senior Director
Global Strategic Sourcing
(713) 646-8235


We Agree

"Eileen Ponton" <kponton@duke-energy.com> on 03/07/2001 10:55:26 AM

To:   David Avila/LSP/ENSERCH/US@TU, Charlie Stone/Texas Utilities@TU, Melissa
      Jones/Texas Utilities@TU, HPL.SCHEDULING@ENRON.COM,
LIZ.BELLAMY@ENRON.COM
cc:
Subject:  NOMS / ACTUAL FLOW FOR 03/06/01

DATE      NOM       FLOW - MCF           FLOW - MMBTU

3/06      35,000         34,730               35,668

BTU = 1.027


I suggest the changes as shown on the attached.

Chris is researching a drawing number so that we have them committed to a
certain specification.

I've added the concept of a date certain for the delivery.  I'm referring to
these as "Equipment" and part of the "Units" so it is clear that the
warranties apply.

Is there any change to the sound guaranty level (or other guarantees) for the
units utilizing these stacks?

Kay

To: Kay Mann/Corp/Enron@ENRON
cc: Booth.Chris@enron.com, Ben Jacoby/HOU/ECT@ECT, Scott
Dieball/ENRON_DEVELOPMENT

Subject: LM6K Change Order #2

Kay:

Attached is Change Order #2 which has the changes Chris Booth made and a few
minor type type changes I made.  I don't know Chris Calger or his title, so
if you would like me to obtain his signature, please advise.

Kathy
x56400


This request has been pending your approval for  2 days.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000014511&Page=
Approval to review and act upon this request.

Request ID          : 000000000014511
Request Create Date : 1/19/01 10:21:25 AM
Requested For       : amelia.cavazos@enron.com
Resource Name       : EOL US Backoffice  Bridge Monitor
Resource Type       : Applications


Will you guys be around the first weekend in August?  I have to be in nyc the 1st & 2nd on business - thought I'd check and see what you were up to.

Mark

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
(713)853-7459


Please remember that no deal especific deal data or counterparty data can be tranfered to NETCO.

Not sure what is setting on the O:drive.

thanks

bob

 -----Original Message-----
From: 	Croucher Jr., Mike
Sent:	Wednesday, December 19, 2001 10:54 AM
To:	Hall, Bob M
Cc:	Allen, Thresa A.; White, Stacey W.; Reeves, Leslie
Subject:	RE: Data Requirements

Bob,   I just need to ask a few questions and understand any data that is stored on the O:drive ( common data).  It should only take a few minutes.  I can come to the trading floors to gather the information and will do a majority of the work.  Im trying to insure I cover all the right areas.  Sorry I did not give the details of the O:drive.

Take Care,
Mike

 -----Original Message-----
From: 	Hall, Bob M
Sent:	Wednesday, December 19, 2001 10:49 AM
To:	Croucher Jr., Mike
Cc:	Allen, Thresa A.; White, Stacey W.; Reeves, Leslie
Subject:	FW: Data Requirements

Mike,

can you give me a little more detail before we start assigning people
to another task force.

Please keep in mind that during the next two weeks, most people are
going to be out

thanks

bob hall

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Wednesday, December 19, 2001 10:41 AM
To:	Hall, Bob M; Reeves, Leslie; Gossett, Jeffrey C.
Subject:	FW: Data Requirements

How do we want to go about this?

Stacey

 -----Original Message-----
From: 	Croucher Jr., Mike
Sent:	Wednesday, December 19, 2001 10:16 AM
To:	Storey, Geoff; Bentley, Corry; White, Stacey W.; Allen, Thresa A.; Will, Lloyd; Nat, Steve
Cc:	James, Matthew; Coles, Frank; McAuliffe, Bob
Subject:	Data Requirements

To all,  The Enron Net Works infrastructure team is gathering requirements for all common data needed for NEWCO.  This includes Gas/Power commercial data and related trading support data.
Based on the amount of data it can take significant time to migrate so we are on an aggressive schedule.  We need assistance from key individuals within each related business unit.  Please respond with a list of individuals that may be able to assist.  This will be a short effort with the right representation.  Thanks in advance for your cooperation.

Mike Croucher


I liked him alot. Seems ready, willing and able to make a move. What are your thoughts? Rick


Jeff, this morning I spoke with Reliant's regulatory counsel, who called me
after talking with Lee Hart, and who seemed eager to look into drafting a
filing.  I would be happy to talk with Leonard Foster or June Suwara at
Sempra about doing the same, but somehow think Sempra might be a tougher
customer (don't know why I would think that...).  My suggestion is that we
work through Ms. Katz initially.  Anticipating that we might encounter some
inertia at Sempra's regulatory dept. -- and to give you an outline to work
from when talking to Stefanie -- I put together the attached rough draft of a
motion to intervene and motion to expedite to be filed by Sempra.

Feel free to send the attached to Stefanie.  However, please do so with the
caveat that you are sending it for discussion purposes only, not as legal
advice to Sempra from ET&S's legal department, and the content of this
pleading should ultimately be up to Sempra's legal/regulatory staff.

Reliant's counsel said he'd be sending me a draft of his pleading...if I
don't hear from him within a reasonable time I'll call to follow up.


Hi -
         please complete time sheets by Noon Wed. 11/15.

Thanks everyone !
Remember covered dish tomorrow too!
S.


---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/22/2001 02:29
PM ---------------------------

Jim Schwieger
04/03/2000 05:00 PM
To: Brad Blevins/HOU/ECT@ECT, Nick Cocavessis/Corp/Enron@ENRON, Steve HPL
Schneider/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Fiona Ryan/LON/ECT@ECT, John
Towles/OTS/Enron@ENRON
cc:
Subject: RE: Second Interconnect between MidCon Texas and HPL

Sounds good to me!   Let's get it done!

 Thanks,   Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 04/03/2000 04:58
PM ---------------------------

	Enron North America Corp.

	From:  Brad Blevins                           04/03/2000 03:58 PM

To: Jim Schwieger/HOU/ECT@ECT, Nick Cocavessis/Corp/Enron@ENRON, Steve -HPL-
Schneider/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Tom Fry/GCO/Enron@Enron,
John Towles/OTS/Enron@Enron
cc:
Subject: RE: Second Interconnect between MidCon Texas and HPL

MidCon has decided to move forward with Flagstaff.  We have until November to
complete this project.  I suggest that we begin condemnation proceedings now
against the landowners of the property that we need.  We have been in
unfruitful discussions with this family up until now.  We need to get the ROW
for this project moving so Tom can prepare a new cost estimate for the
facilities.

---------------------- Forwarded by Brad Blevins/HOU/ECT on 04/03/2000 03:53
PM ---------------------------

"Pilkington, Kevin" <Kevin_Pilkington@kne.com> on 03/30/2000 03:22:02 PM
To: "'Brad Blevins'" <Brad.Blevins@enron.com>
cc:
Subject: RE: Second Interconnect between MidCon Texas and HPL

We want to leave it at Flagstaff.  Also, lets remove the penalty language in
the Facility Agreements.  Since we are both paying for our own facilities, I
don't think it is needed.

-----Original Message-----
From: Brad Blevins [mailto:Brad.Blevins@enron.com]
Sent: Monday, March 27, 2000 3:20 PM
To: Pilkington, Kevin
Subject: Second Interconnect between MidCon Texas and HPL

Have you reached an agreement within your shop about the location of the
second
interconnect between the two companies?


Hey Lisa,

Just wanted to shoot you an e-mail before more days go by... I would definitely like to get together with you. When looks good for you? Let me know or perhaps we can grab a coffee tomorrow morning and figure out an evening (either weekday or weekend) that works.

Hope to catch up with you soon!

ciao bella,
Laura

Laura L. Wente
Associate Director
UBS Warburg Energy

Tel.: 503-464-3830
Cell: 503-816-9842
Fax: 503-464-3740
Laura.Wente@ubswenergy.com

121 SW Salmon 3WTC0306
Portland, OR 97204


Lost Items:
A cell phone and pair of glasses were found after the conference. Contact
Sara Davidson, if either of these items belongs to you.

Presentation Materials:
The guest speaker presentations will be available at the Enron Law Conference
website by the end of this week. The website is at
http://lawconference.corp.enron.com/. These materials can be found under the
Conference Schedule or . Through the icons on the left hand side the files
can be either launched and printed from the website, or the documents can be
sent to you via email.

Enron Legal Edge Availability:
Due to technical problems, the Enron Legal Edge will not be available till
later this week. An email will be sent out to all users when the site is
running and available. Sorry, for the delay.


Good morning,

How about 130 today for a conference call with John's new best friend?

ckm


FYI.

---------------------- Forwarded by Rakesh Bharati/NA/Enron on 03/27/2001
07:43 PM ---------------------------

Sheridan Titman <titman@mail.utexas.edu> on 03/27/2001 06:46:31 PM
To: Rakesh.Bharati@enron.com
cc:

Subject: Re: Comments

Rakesh:

Thanks for your input.  They are quite useful for helping me clarify my own
thinking.  The following are my responses to your comments and
clarifications.  The **ed paragraphs are from me and the others are from you.

1.  The money is being set aside to avoid negative values.  It is not clear
if you mean the values of the cash flow or the PV at the node.  Anyhow, we
shall be setting aside money not just for that specific node but all nodes
at that cross-section of time as the risk-free asset pays in all states of
nature.  This will have to be done every time there is a negative
realization.  Thus, for the typical project we have, the value of risk
capital may be extremely high, as we are not following a tail-based norm
anymore.

** I agree that this is confusing and needs further refinement.  I do this
because I have some concerns about discounting negative cash flows, (this
is discussed in my first memo).  This clearly provides a conservative
estimate of firm value, and a measure of risk capital that is too high.
From the perspective of evaluating the appropriate level of risk capital,
it is sufficient that enough capital be employed so that the PV at each
node is positive.  Also, one might want to set the level so that the PV is
positive in say 98% of all nodes.

2.  Your memo appears to suggest that debt capacity is contingent on all
values being positive.  If so, we are only issuing risk-free debt.  Also, a
project with a single negative value at each cross-section of time will not
have a positive debt capacity.

**Again, this is a very conservative initial estimate.  When the model is
refined, you probably want to define debt capacity so that the project
defaults a certain percent of the time.

3.  It seems that our optimization argument is the discount rate, which is
obtained in each step from the comparison investment (by equating the
variances).  It is not clear if changing the discount rate will have such
an effect on the project variance so as to lead to a global convergence.

**I am not assuming that the change in the discount rate has a major effect
on volatility.  In fact, I think the process requires only one iteration
when the volatility is independent of the discount rate.  Again, the idea
is that we calculate the volatility of the project's value calculated with
an initial discount rate.  Using the calculated volatility and the stock of
a comparison firm, calculate a more appropriate discount rate.  If the
volatility of the project's value is not affected by the change in discount
rates then we are done.  If, however, the change in discount rates changes
volatility, then we may have to iterate.

Let me know if this makes sense.**

Also, our project has a finite life and the market-based assets will have
infinite lives.  In the light of this fact, how will we define the relevant
variance?  Is it the spot variance of the returns of the comparison
investment?

**This is a good point.  I was thinking in terms of the average variance,
but this may not be correct.  Actually, we know that this is just an
approximation and we need to think about whether or not it is a good
approximation.  Typically, firms tend to ignore issues relating to the
duration of their project cash flows when they determine discount rate,
which clearly does not make sense.  This requires some additional thought.**

4.  Finally, our criterion is to subtract from the average PV the
investment and also the risk capital.  Setting risk capital to zero, this
model closely resembles the intuitive present value criterion and
endogenously determines the discount rate.

**This is correct.  My goal was to come up with something that was closely
related to what you are already doing but which gives you some insight into
how to define risk capital and the appropriate discount rate.  There are a
number of ways that we can refine and improve this procedure.  What we need
to first consider is whether or not the basic approach makes sense for the
kind of projects that you are evaluating.**

Gas Field Case

To facilitate your thinking, we are providing a gas field example below.

We invest x million dollars to buy and develop a gas field.  A profile of
expected production and variance of the production per year is available
from the engineers at the beginning.  Production will be autocorrelated, as
the profile will shift up or down based on the actual gas reserves being
more or less than the estimated reserves.   We assume the life of the field
to be 10 years with no salvage value.  There are fixed and variable
operating costs.  It might be useful for you to think about applying the
framework to this problem.

**This problem is probably pretty straightforward because it is unlikely
that the cash flows will be negative once the gas field is producing.
Hence, there is no need to be concerned about risk capital (other than the
x million dollars to buy and develop the property).  To value the property
assuming all-equity financing we calculate the value process of the
developed project and compare its volatility to a comparison investment
whose value process is observable (e.g., a traded MLP).  The risk-adjusted
return of the comparison investment would then be used to discount the cash
flows of the gas field.

Please note that this procedure requires relatively strong assumptions and
calculating the risk-adjusted return on the comparison investment is not
necessarily straightforward. **

Let me know when you would like to discuss this.

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

On another topic, is it possible for you to give me information about one
case where Enron bought or sold a base load power plant, where the
purchaser financed the transaction with non-recourse debt.  We would like
the following information:

1. The value of the power plant (or purchase price)

2. The amount of debt financing and the terms of the debt contract.

3.  Some information about the pricing of gas-power swaps and options.

About a year ago I gave Vince a paper which develops a pricing model for
project debt.  I don't think he thought that it could be implemented on the
type of projects that Enron finances.  However, my coauthors would like to
try applying the model for one case study.

Let me know when you want to discuss these issues.

Thanks,

Sheridan
Sheridan Titman
Department of Finance
College of Business Administration
University of Texas
Austin, Texas 78712-1179

512-232-2787 (phone)
512-471-5073 (fax)

titman@mail.utexas.edu


Revised (continually being revised) customs risk assessment.  The note will
help get a handle on the facts.  India is upping the quality/number of legal
folks assigned to this (praise the Lord).  I will bet, however, that before
we are through, we may be back to a higher number.  But let's hope not.
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
03/04/2001 10:35 PM ---------------------------

Jane Wilson
03/04/2001 05:24 PM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Schroeder@ECT, Robert Mathis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
skatwala@linklaters.com, Paul Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Heidi Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Note

Attached is a note on the facts of the Customs issues as I understand them as
requested by Sandeep Katwala.  Also attached is a draft risk evaluation put
together by Heidi Hellmann.  Please note that two issues are not yet
evaluated and thus are not included in the risk evaluation: (i) loading a
portion of the services agreement to the supply agreement that is
attributable to power (at a 22.38% duty rate); and (ii) contractor delay
claims.
---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
03/04/2001 05:17 PM ---------------------------

Jane Wilson
03/02/2001 08:13 PM
To: skatwala@linklaters.com
cc:

Subject: Note

Here's the note:

Here's the risk evaluation.  Hit "view" to see it:


FYI.
----- Forwarded by Marie Hejka/Corp/Enron on 12/12/2000 02:21 PM -----

	Marie Hejka
	12/12/2000 01:37 PM

		 To: Brandon Rigney/Corp/Enron@ENRON, Allen Elliott/HOU/ECT@ECT
		 cc: Anthony Mends/Enron Communications@Enron Communications, David
Gossett/Enron Communications@Enron Communications, Bryan Powell/HOU/ECT@ECT,
John Gillespie/Corp/Enron@ENRON, Andrea Yowman/Corp/Enron@ENRON, Melissa
Becker/Corp/Enron@ENRON, Debbie R Brackett/HOU/ECT@ECT, Pegi
Newhouse/HOU/AZURIX@AZURIX
		 Subject: Content Strategy/User Experience Meeting Notes

  12/06/00

Thank you for your participation in last week,s Content Strategy/User
Experience meeting.  Please review the below meeting notes.

Sincerely,

Marie Hejka

  12/06/00
Content Strategy/User Experience Meeting Notes

Attendees:
Allen Elliott - mynetwork.com
Marie Hejka ) KM Task Force Chair
Brandon Rigney ) my.home.enron.com

Meeting Details.
Per Allen Elliott, myportal.com is a proof of concept portal, a production
ready prototype portal developed using Tibco Portalbuilder ) Enron,s standard
portal development tool.

What content is accessible from the portal needs to be decided.  Each
Business Unit (and Functional Unit within) needs to decide the following: who
makes this call, what is important for the BU/FU to have on a portal, who has
responsibility for the content, who will publish it, and who will maintain
it?  Historically, this is a challenge to determine.  Business Units and
Functional Units typically want desired information available, but do not
want to take any responsibility in defining, creating, or managing the
information.

Per Brandon Rigney, the four tabs identified by the ASE breakout group are
organization centric.  This is a problem for users.  For example, if the
aisles in a library were arranged by publishers (i.e. Simon & Schuster,
Prentice Hall, McGraw Hill, etc.) one would have to know the publisher of the
information before a subject could be located.  This would not provide easy
access to information.

Does the above analogy rule out the task force,s interest in unveiling a
portal with defined areas  from which all users blast (Rick Causey,s word)?
The Content Strategist/User Experience experts are not telling the task force
members what to do as much as they are informing us what to expect from what
we have been discussing to do.  If easy access to information is our
objective, perhaps we may further discuss the implication of designated blast
points.

Brandon and Allen recommended using the BU/FU to determine what is accessed
from the portal for a given business unit.

Meeting Conclusion.
Requirements Phase	Design Phase	Build Phase	Test Phase 	Launch Phase
Even though Bryan Powell,s organization is scheduled to release the proof of
concept portal the week of 12/11, we are still in the requirements phase of
the project.  Again, the portal is a proof of concept for Tibco
Portalbuilder.  The first version of the portal will reflect information
pulled in from multiple areas of Enron.  Additional versions of the portal
will be released reflecting a BU/FU specific content.

Marie will work with task force members to use BU/FU contacts to define BU/FU
portal content requirements.

Content, content, content.  Task force members need to determine through BUs
what to include.

Recommendations from the ASE need to be reviewed.

Next Steps.
Assign task force members to interview BU/FU contacts
Invite task force members to participate in Content Strategy/User Experience
meetings
Task force and Content Strategy/User experience team further discuss ASE
recommendations
Emphasize myportal.com, it is a proof of concept for Tibco and Interwoven


Deb,

We need a product change on an account in STAT.  The account number is
25963461006 and the utility is NSTAR/BECO (Boston Edison Company).  Please
let me know what, if any, information you need from me such as a copy of
the change request, etc.  I am new at this stage of the process, so I'm not
quite sure what my role is...let me know what assistance you need.

FYI...I confirmed during a conference call with Bill Hatch and Richard Ring
that the pricing on this account, for the calendar year 2001, should be as
follows:

   tier one: 175,000 kwh @ $.055
   tier two:  225,000 kwh @ $.0525
   tier three:  remaining kwh @ $.049
   Enron Discount computation should remain as it currently is.

Please let me know when we can expect completion on this as the customer is
looking for a resolution date.

Thanks,
Dyaniese

---------------------- Forwarded by Dyaniese A Brown/TMG/CSC on 09/13/2001
05:10 PM ---------------------------

 (Embedded      Pamela J Thompson/TMG/CSC
 image moved    09/13/2001 04:25 PM
 to file:       (Embedded image moved to file: pic30836.pcx)
 pic10291.pcx)

To:   Dyaniese A Brown/TMG/CSC@CSC
cc:   bhatch@enron.com, rring@enron.com

Subject:  Re: GSA: Urgent Need for Pricing Correction in STAT  (Document
      link: Dyaniese A Brown)

Please notify Deb Weakley that we need a product change on this account.

Pam

Dyaniese A Brown/TMG/CSC
09/13/2001 02:49 PM

To:   Pamela J Thompson/TMG/CSC@CSC
cc:   bhatch@enron.com, rring@enron.com

Subject:  GSA: Urgent Need for Pricing Correction in STAT

Pam,

I just had a conference call with Bill Hatch and Richard Ring.  They have
advised me that we are pricing one of our GSA accounts incorrectly.
According to Change Request number 0458-Rev 3,  the pricing should be
tiered.  This is not currently happening.  Who do I contact in Order
Provisioning to assist me with this correction?  Also, please advise as to
the ETA of a change such as this.

Thanks,
Dyaniese


Jim,

I checked around on the Money Purchase PLan and our internal benefits folks say that shutting down that plan in NY is the right thing to do.  Just some Metals clean up.

Aaron


Any conflicts?
----- Forwarded by Tana Jones/HOU/ECT on 05/07/2001 11:28 AM -----

	David Forster/ENRON@enronXgate
	05/07/2001 11:18 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: NDA for RBC

Tana,

As discussed, I would appreciate it if you could send a bilateral NDA out for
RBC later today. We will be discussing the possibility of Royal Bank posting
FX products on EnronOnline.

Recipient:

Simon Carling
email: simon.carling@rbcds.com
fax: 416 842 4327

Royal Bank of Canada
P.O. Box 50
Royal Bank Plaza
South Tower
2nd Floor, 200 Bay Street
Toronto, Ontario
Canada
M5J 2W7

Thanks,

Dave


FYI.  Thanks. Lynn
---------------------- Forwarded by Lynn Blair/ET&S/Enron on 06/24/2001 11:20 AM ---------------------------

	  From:  Sherry Forbish                           06/19/2001 06:52 AM

To:	Lynn Blair/ET&S/Enron@ENRON
cc:

Subject:	Terra receivable

fyi regarding Terra Nitrogen's A/R issue.  Hopefully this will be resolved soon.

---------------------- Forwarded by Sherry Forbish/ET&S/Enron on 06/19/2001 06:52 AM ---------------------------

Alice Johnson
06/18/2001 09:31 AM
To:	Sherry Forbish/ET&S/Enron@ENRON
cc:	Kathy Sturr/ET&S/Enron@ENRON

Subject:	Terra receivable

This may be old news by now, but I want to make sure you see this email.
---------------------- Forwarded by Alice Johnson/ET&S/Enron on 06/18/2001 09:30 AM ---------------------------
From:	Dana Jones/Enron@enronXgate on 06/11/2001 04:21 PM
To:	Rick Dietz/ET&S/Enron@ENRON, Shelley Corman/ENRON@enronXgate, Alice Johnson/ET&S/Enron@ENRON
cc:	Frank Semin/ENRON@enronXgate, Steve Gilbert/ENRON@enronxgate, Allen Cohrs/ENRON@enronXgate

Subject:	Terra receivable

Following up on the Terra accounts receivable discussed at the last customer accounts status meeting, Frank Semin has indicated that he and Dave Neubauer have both been in contact with Terra and are working to resolve.  Frank is currently drafting a letter to Terra addressing the receivable and proposed resolution.

Frank,  Please keep me posted on any progress.

Thanks, Dana

Dana L. Jones
NNG Commercial Support
713-853-5787


Jim/Diomedes:  Attached is an ESA Communication Plan for 2001.  Its goals,
programs and outcomes are based on having the PR function provide "bottom
line" support to the business units' operating targets.  The costs for the
Plan's programs are reflected in the PR budgets for Argentina, Brazil and
Houston that were submitted in September.   Regards, Keith


---------------------- Forwarded by Darron C Giron/HOU/ECT on 01/22/2001
10:11 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           01/22/2001 08:24 AM

To: Mary Lynne Ruffer/HOU/ECT@ECT
cc:
Subject: Revised

See if this works.

DG


Please note that there is a 10 day out (from the event) full refund
cancellation policy at the Pebble Beach resort for both hotel and golf.  In
order to save the original dates of March 8-11, 2001 for four people, I have
sent a deposit to confirm the reservation.  If you choose not to go with
these dates, I will have no problem receiving a full refund.

Please let me know how you would like to proceed with this project and if you
would like to look at alternate dates.
THANKS!!


The subject for next Monday morning's conference call  will be updates.  As
usual, the time for the conference call is 11:15am (CST),  and the dial-in
number is:  888/311-9051 - pass code 60396.

Thanks,

Sue


Hi Shalesh:

The move team has informed me that they will not be able to move your
telephone until Wednesday, the 23rd.    I have asked them to bring you
boxes by Friday, but I have not heard back from them.  Your computer
is here, but without a telehone, you may not want to move down here
until the 23rd.

Just to let you know.

Have a great day!

Shirley


fyi
----- Forwarded by Susan J Mara/NA/Enron on 11/08/2000 11:43 AM -----

	Gary Ackerman <foothill@lmi.net>
	11/06/2000 11:41 PM
	Please respond to foothill

		 To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>,
Carolyn Baker <cabaker@duke-energy.com>, CHARLES A MIESSNER
<camiessn@newwestenergy.com>, Corby Gardin <jcgardin@newwestenergy.com>, curt
hatton <curt.Hatton@gen.pge.com>, Curtis Kebler
<Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet <dcazalet@apx.com>, Greg
Blue <gtbl@dynegy.com>, Jack Pigott <jackp@calpine.com>, Ken Czarnecki
<Ken_J_Czarnecki@calpx.com>, Kent Wheatland <KEWH@dynegy.com>, "Klemstine,
Barbara A(F56661)" <barbara_klemstine@apses.com>, Randy Hickok
<rjhickok@duke-energy.com>, Rob Lamkin <rllamkin@seiworldwide.com>, Rob
Nichol <rsnichol@newwestenergy.com>, robert berry <berry@apx.com>, Roger
Pelote <roger.pelote@williams.com>, Sue Mara <smara@enron.com>, Jeff Crowe
<jcrowe@apx.com>, Dan Douglass <douglass@arterhadden.com>
		 cc:
		 bcc:
		 Subject: Draft Comments for Thursday

Folks,

Here is my first draft.  My time trial shows it takes 6 min and 45
seconds to deliver.  We need to cut.

Dan, can you send me a front end to this that I will utilize to make
copies?  Send me the front end from last week's filing supporting EPSA's
motion.

I'll take comments up to 12 noon Wednesday.
gba
=============================

The Western Power Trading Forum (WPTF) is a California non-profit trade
association of almost thirty members who sell, buy and exchange power
throughout the Western U.S.  We are pleased to provide comments on the
following areas in response to your Order issued last week.

1. Price caps and their unintended consequences

2. Forward scheduling, penalties, mandatory must-buy, and

3. Independent Governing Boards.

First, I would like to take this opportunity to express our overall
gratitude to the Commission for issuing its Order.  The members of WPTF
have been bitterly frustrated by the events of the last summer, and
equally upset by the actions of non-jurisdictional parties in their
attempt to grab the steering wheel of restructuring, and drive it into
the ground. As I listened to your comments last week, I took note of all
the things you said, and the stated purpose of your actions.  After
listening to you, and reading the Order, I very much wanted to be here
today, even if it only afforded me a brief 5-minutes of your time.  I
would have flown here from California even if you only allowed me one
phrase to be uttered publicly.  And that phrase would be "Thank you.
Thank you for taking the bold step forward to revive California's
wholesale power market.  Thank you for having the courage to stand up to
parochial interests which are entirely self serving, and absent of any
national policy goals."

This Commission took a stab at correcting California's problems
utilizing several measures, one of which was a $150 price cap.  Whereas
we applaud the Commission's effort,  we find that price caps send the
wrong signal to both suppliers and load.  We have found that price caps
misallocate resources, and as your Staff report demonstrates, increases
exports of power to other parts of the grid where no caps exists.  We
find that price caps discourage demand-side participation, and at the
level proposed, will discourage much needed peaking generation
resources.  We also find that any price cap, but especially at the level
you have proposed, will create unintended consequences.  For example,
when market bids exceed $150, sellers will avoid bidding into the ISO or
the PX.  Will the market solution be as simple as bidding instead into a
competitive exchange to the PX, such as APX, or AlTrade?  Will the
liquidity of the bids suddenly flip from one market to another because
of an arbitrary line below which the single price auction operates, and
above which the bilateral market prevails?  That is a huge hammer, a
huge movement of tens of millions of dollars moving within the space of
an hour from one trading vehicle to another.

WPTF has been against price caps, and continues to believe that price
caps do much damage, and do not protect consumers.  The damages include
prolonging high prices, reducing price discovery, and reducing the
quantity of long-term offers that otherwise would afford consumers
much-needed price protection.  Average prices do not diminish with caps,
in fact, as you know, August prices in California were much higher than
last June, even though the buyer price cap imposed by the ISO Governing
Board was $250 instead of $750.

We recognize that the political reality is such that regulators don't
like price spikes, and caps are a quick solution.  If you feel that
price caps must be imposed, then limit the damage.  We believe that
Commissioner Hebert's price cap proposal which starts at $250, and
increments upward by specific amounts at specific times would be the
least damaging.  We also believe that a formulaic price cap that moves
with respect to demand, or fuel price would be the most harmful.  Market
participants can not conduct business with so much uncertainty hanging
in the balance.  The Commission recognized on the matter of Governance
that California needs regulatory stability, and the Commission is
pursuing policy options to regain much needed stability.  On the other
hand, floating price caps work in the opposite direction.  They reek
havoc because they inject more uncertainty, and lessen stability.  If
price caps are at all necessary, stick to the least damaging approach.

WPTF supports forward scheduling of demand, the imposition of real-time
penalties, and we support elimination of the must-buy provision embedded
in the California PUC Preferred Policy Decision.  Underscheduling of
load has been a practice that has lead to economic dislocation, and
reduced grid reliability.  Mandatory pre-scheduling will get the ISO
back on track by prudently limiting the amount of load that can be
exposed to real-time resolution.  Also, by eliminating the must-buy
provision, the UDCs can no longer complain about "supply not showing
up". Their avenues for finding cost-effective supply will be unlimited.

Finally, we support the replacement of the stakeholder boards with
independent board members.  Whereas we have been troubled by the antics
of the ISO Governing Board, we must note that the PX Governing Board has
not had the same type of problems. The PX Governing Board has done much
better at finding solutions to thorny problems.  But it is asking too
much, we think, to spare one and eliminate the other.  The actions of
the ISO Governing Board have proven to be highly damaging to the
credibility of electric restructuring.  Other states eschew
restructuring after observing the endless debates, the layers upon
layers of State interference in the workings of the California ISO
Governing Board, and the leverage exercised by voting blocks of
Governors with interests totally removed from the well-being of the very
institution on whose Board they serve.

We are concerned that the rules you have laid out for replacing the
stakeholder Governing Board may not be enough.  There may be incredible
pressure placed upon the existing Board members to select candidates
that further the aims of those that claim to protect consumers, but in
fact, are making a power grab.  My organization promises the Commission
that if we suspect, if we have evidence, if we detect, or otherwise
observe actions by a few to undermine the independence of a new Board, I
can assure you I will be back here raising my voice loudly in protest.
The California market simply can not survive serving two masters.  The
jurisdictional tug of war must end quickly so that we all can move
forward and pursue the goals and ambitions set out by this Commission in
Orders 888, and 2000.

Thank you.


Update on ski conditions on the western front--doesn't sound bad at all!  Glad you're coming up man!  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/07/2001 07:50 AM ---------------------------

"rlfossum" <rlfossum@mato.com> on 03/06/2001 08:30:57 PM
To:	"Drew Fossum" <dfossum@enron.com>
cc:

Subject:	gear

Drew,
Not sure about gear sites for kid crash hats.   Could try www.rei.com .  You could just get  them hockey goaly helmets for multi-use and just hanging around the house  wailing on each other.  Haven't been to Terry downhill skiing in a while  but went x-country last weekend with the doggies and there's a LOT of  snow.  Brad and Jen are coming this weekend so we plan to check Terry  out.  Should still be decent in a couple weeks.  We'll let you  know.  Made it up to Hanna creek today fly fishing and cought a couple  wopping 4 inchers.  Wound up augered into snow up to my waist.  Bring  your fishing gear in case the skiing sucks.  Definately bring your  x-country gear.  Maybe we could get out for a quick morning at Eagle Cliff  and still make it to Terry to meet up with everyone else by noon.
See you later, got to go walk  hounds


Mike and Matt are just finishing inputting their deals. Please let me know if
these don't come through in the next few minutes. Jeff Richter hit the wrong
broker - the deal number is 467350 and I've changed it to Prebon.

Thanks,
Kate

Evelyn Metoyer@ENRON
11/27/2000 02:00 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 11-22-00 Discrepancies

Matt Motley
Prebon is claiming the following deals:
Enron sells to Williams 25 mw Q2 PV at $94.00
Enron buys from Williams Q2 SP-15 at $90.00

Jeff Richter
Prebon is claiming the following deals:
Enron sells to Calpine Dec. NP-15 at $214.05

Mike Swerzbin
Prebon is claiming the following deals:
Enron buys from Morgan Q2 Mid-C at $93.00

Thank You


We regret the recent response to the subject email "Password Security Notice"
that you may have received.  The particular email was inappropriate and the
ISC has therefore taken immediate disciplinary action against the individual
responsible.

Allan Sommer
Integrated Solutions Center (ISC)


cc: Louise

 -----Original Message-----
From: 	Forster, David
Sent:	Monday, January 28, 2002 2:50 PM
To:	DL-NETCO Gas Traders; DL-NETCO Gas Originators; DL-NETCO Power Traders; DL-NETCO Power Originators
Cc:	DL-EOL eCommerce Support; Becker, Lorraine; Mandola, Teresa; Mcquade, Jennifer; Carter, Carl; Diamond, Daniel; Jafry, Rahil; Shults, Bob
Subject:	Online Launch Plan Update

With the filing of the Hart-Scott-Rodino application last week, it looks like our updated launch timeline is as follows. Note that it is still possible that this timeline could shift:

Week of Jan 28:

We will distribute a packet to each of the Originators/Traders who have volounteered to call customers and assist in getting signed Password Applications. The packets will contain:

Key Messages
Frequently Asked Questions (FAQs)
Top Counterparty Checklist
External Customer Cover Letter
Password Application (PA)
Registration Form
Fax Cover Sheet for PA/Registration
Electronic Trading Agreement (ETA)
Internal online Marketing Contact List

Each person receiving a pack will contact the Master Users at the companies they have volounteered for and send them copies of the Password Application (PA) and Electronic Trading Agreement (ETA). During this week, we will be working hard to get as many of the PA's returned as possible. Once we have a signed PA, we can send the customer their new User ID, which will allow them to start trading on the day we launch the new site.

A Splash page will be available at www.UBSWenergy.com or via an automatic redirect from www.enrononline.com. This page will tell customers about the pending launch of www.UBSWenergy.com and provide links to the PA and Registration screens and also to the User Admin screens, which will allow customer Master Users to start setting up their Sub Users.

The Splash page will look something like the following:

Week of Feb. 4:

We will send out a mass mailing to approx. 3,000 individuals at 450 companies inviting them to sign up for the site. Included in the package will be a simple brochure, copies of the PA and ETA, key messages and a list of Frequently Asked Questions.

Week of Feb. 11:

The site will launch, with at least financial products (timing for gas physical and power physical to be determined according to regulatory issues).

General Terms and Conditions (GTC's) will be available online and must be accepted online before a company can start to trade a particular commodity.

Trading/Origination Coordination

The Top 50 customers will have at least an initial contact within the first two days of starting the marketing effort and that all customers who previously traded either gas or power will receive a mailing within the first 10 days. An online marketer has been assigned as coordinator for each company and will assist each Trader/Originator in following up with Master Users as necessary to make sure PA's are signed and returned.

UBSWenergy Marketing Contacts:

For Marketing-specific questions, please use the following contacts. For other questions, please contact Bob Shults (30397) or Dave Forster (31861).

Teresa Mandola (39807) - Power
Jennifer McQuade (53614) - Power
Dan Diamond (39673) - Gas

<Embedded Picture (Metafile)>


GE has informed us during the Arcos discussion that GE senior management has
directed that the GE deal team cannot agree to allowing GE indemnity
obligations related with government fines for failure to comply with law to
be exclude from the limit of liability.

This needs to be added to Pete T's World Hunger Punchlist of issues.

Enron Arcos deal team has not agreed to GE's position.


Debra - the link below does not work for us. Any other way to get access?

-----Original Message-----
From: Perlingiere, Debra
Sent: Tuesday, October 23, 2001 1:06 PM
To: Miller, Stephanie
Cc: Mahabir, Alisha
Subject: 96022451_01-Jun-1999.pdffunc=doc.Fetch&nodeid=1604758

Here is the link to the GISB, however trade has been terminated on this agreement as it was assigned last year to HPL prior to the sale.  Alisha Mahabir and I are currently negotiating a new GISB with MGI with some difficulty. Also concerning PMI Trading, at present I show only swap agreements with this company.  Marie Heard or Susan Bailey can assist you with swap agreements.  Please give me a call if you wish to discuss this further. I have asked Alisha to give you a call regarding MGI.

 http://edms.livelink.enron.com/ena/livelink.exe/1604758/96022451_01-Jun-1999.pdf?func=doc.Fetch&nodeid=1604758


eProcurement

I am pleased to announce the launch of iBuyit eProcurement within Enron
Corporate.  Many of you are already using eProcurement.  Effective today,
employees throughout Corporate will begin to use eProcurement to purchase IT
hardware and office supplies.

This is a significant milestone in the Enron-wide cost saving effort.  This
new tool enables us to watch our expenses and take advantage of preferred
suppliers.  The use of eProcurement ensures that all of us are spending our
company dollars wisely.

This is only the beginning, and eProcurement has the potential for unlimited
growth.  Be sure to provide the iBuyit team with feedback to ensure that
eProcurement is a valuable and integral tool to your purchase activities.

I encourage you to visit the iBuyit Portal today to logon to eProcurement, to
access training information and materials, and to learn more about Enron,s
business-wide cost savings opportunities:  http://ibuyit.enron.com
Note:  To logon enter your User ID (P number) and Password (initial password
is ENRON1).

Need Help?
Call ISC Customer Care at 713 345 4727.

Questions?
For general information about iBuyit, send an e-mail to <
mailto:ibuyit@enron.com>.


----- Forwarded by Jeff Dasovich/NA/Enron on 03/14/2001 11:10 AM -----

	Joe Ronan <JoeR@calpine.com>
	03/14/2001 11:02 AM

		 To: "'Jean Munoz'" <jmunoz@mcnallytemple.com>, Katie Kaplan
<kaplan@iepa.com>, "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown
Andy (E-mail)'" <andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Douglas Kerner (E-mail)'"
<DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, Joe Ronan <JoeR@calpine.com>, "'John Larrea
(E-mail)'" <john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, Kassandra Gough <kgough@calpine.com>, "'kent Palmerton
(E-mail)'" <kent.palmerton@williams.com>, "'Kristin Vellandi (E-mail)'"
<kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'" <lale@dynegy.com>,
"'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, Jack Pigott <jackp@calpine.com>, "'Richard
Hyde (E-mail)'" <rwhyde@duke-energy.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Roger Pelote (E-mail)'"
<roger.pelote@williams.com>, "'Stephanie-Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom Ross
(E-mail)'" <tross@mcnallytemple.com>, "Carol H Hudson (E-mail)"
<Chudson@iepa.com>, steven kelly <steven@iepa.com>, "'Anne Kelly (E-mail)'"
<kelly@hnks.com>, "'Chuck Cole (E-mail)'" <ccole@advocation-inc.com>,
"'Delany Hunter (E-mail)'" <dhunter@smithandkempton.com>, "'DJ Smith
(E-mail)'" <djsmith@smithandkempton.com>, "'Hedy Govenar (E-mail)'"
<hgovenar@acom2.com>, mmoretti@mccabeandcompany.net, "'Maureen OHaren
(E-mail)'" <Oharen@hmot.com>, "'Mike Monagan (E-mail)'" <mrmonagan@aol.com>,
"'Phil Isenberg (E-mail)'" <isenberg@hmot.com>, "'Robert Ross (E-mail)'"
<robbiz@cwo.com>, "'Ron Tom (E-mail)'" <Rtom@govadv.com>, "'Scott Govenar
(E-mail)'" <sgovenar@govadv.com>, "'Susan Mccabe (E-mail)'"
<sfmccabe@mindspring.com>, rtemple@mcnallytemple.com,
megan.beiser@edelman.com, tracy.fairchild@edelman.com,
deborah.fiorito@dynegy.com, tcwillia@duke-energy.com
		 cc:
		 Subject: Wyden Bankruptcy Amendment--URGENT

The Wyden Amendment to the Bankruptcy Bill is being debated on the Senate
floor as we speak. If it passes,the QF's in California will be severly
imnpaired ina bankruptcy proceeding. I hope that you have contacted your
Congressional representatives. Feinstein is fighting this and Boxer has
suppoted, then opposed it, and may be supporting it again. EPSA and EEI
opposed the Amendment. Jan--has IEP weighed in yet?
-----Original Message-----


not me

	Tana Jones
	10/17/2000 01:29 PM

		 To: Brent Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT,
Mary Cook/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Robert
Bruce/NA/Enron@Enron, Stephanie Panus/NA/Enron@Enron
		 cc:
		 Subject: Missing File

Derek Davies faxed down copies to the Enmax master and the file is missing.
Can you let me know if you have it.  Thanks.


Why would you need to come back?  You're the one always ripping on your
friends for never wanting to hang out with any chicks!!  I wasn't meaning
that towards you  But if you feel like making some sort of weak ass attempt
at making fun because you still think I'm a freekin' lesbian then go right
ahead!

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Wednesday, April 18, 2001 3:13 PM
To: Katie.Trullinger@wfsg.com
Subject: RE: hi!

I thought of a great comeback for that one but since I haven't heard from
you in a while I am going to be nice


Dear September Vincent,

Just a reminder that your current Reliant Energy HL&P statement is ready
for you to review at https://ebill.reliantenergy.com/logon/  If you
participate in the Automatic Payment Plan (APP), your bank account will be
automatically drafted for the amount due.  Remember, with Auto Pay no
action is required to ensure your bill gets paid.
If you do not participate in Automatic Payment Plan (APP), you can pay
your bill immediately or schedule payment for a later date.  As with paper
bills your payment is due about 2 weeks from the statement date. The
online bill replaces your paper bill, a paper copy of your bill will not
be sent.

Should you need to modify your account information, go to
https://ebill.reliantenergy.com/logon/  log into eBill and select User
Information. There you can update your information such as your email
address, change your password and add accounts.

As you use our eBill service, please do not hesitate to provide comments
through the Contact Us section of the site. Check out the Frequently Asked
Questions section for a quick reference.

Again, thank you for choosing Reliant Energy,s eBill service.

Reliant Energy eBill Customer Care
http://www.reliantenergy.com/


please match deal 204787 with 204788


Cal-PX subpoenaed over price spikes

10/02/2000
The Energy Report
(c) Copyright 2000 Pasha Publications, Inc. All Rights Reserved.
The California Power Exchange (Cal-PX) has responded to subpoenas from
several federal and state bodies investigating the price surges that hit
California's wholesale market this summer, according to state officials.
FERC, the California Public Utilities Commission, the California Attorney
General, the California Electricity Oversight Board and auditors from the
Joint Legislative Audit Committee of the California State Legislature are
currently conducting investigations into electricity deals and pricing
practices in the wholesale energy market during the summer. All of the
agencies have issued different subpoenas demanding the release of documents
pertaining to market conditions and participants.
A Cal-PX spokesman called the subpoenas "no big deal" and said they are
served to protect the confidentiality of the information given to the various
agencies. Information about specific marketers and their methods could be
detrimental if it were released to the public, the spokesman added. Attorneys
for the Cal-PX have been cooperating with the different bodies conducting the
investigations. Initially the agencies had announced they would work together
on their investigations, but the need to issue separate subpoenas for the
release of information demands that the bodies proceed individually. In
addition, some of the agencies have needed to issue more than one subpoena to
receive different records, contributing to the paper trail arriving at the
Cal-PX.


The following note is from Kim Watson:

Please review the attached proposal for Pemex (MGI) for firm transportation on Transwestern.

Please forward all comments back to Steve Harris.  We would like to send this out today, so your prompt attention would be appreciated.  I am on vacation until October 8 and Mark will not return to the office until October 1.

Steve, once all comments have been incorporated, please forward to Jorge at Pemex at his email address of jrojas@gas.pemex.com

Please feel free to call me on my cell phone to discuss (713-416-5059)

Thanks, Kim

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


ref 476900
Amerex shows delivery as Cob and we show Mid-C


Greg,

I know this has been a tough couple of weeks for you but I thought I would drop you a line and share my impressions:

1). This deal is an ideal opportunity to merge back and mid office support platforms. We have discussed this many times and EnronNetworks was practically set up for this (CommodityLogic et al...)

2). I don't know what you folks have in mind but I could see leaving ENE's market making and trading structure intact and having DYN's asset-based trading be just another business unit like EES was. but the key is the tremendous cost savings of the common support platform.

I don't mean to be presumptuous but I hadn't talked to you in a while and wanted to get it off my chest.

Good luck,
Andy


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 01/28/2000
10:58 AM ---------------------------

troy_a_benoit@reliantenergy.com on 01/28/2000 10:53:30 AM
To: Ami Chokshi/Corp/Enron@ENRON
cc:

Subject: COPANNO CHANGES

(See attached file: HPL-Jan.xls)

 - HPL-Jan.xls


Wayne,

I was talking to Kevin Presto and he mentioned that you have a plane going to Portland. I need to get to Calgary and Kevin suggested I look into catching a ride with you and getting them to swing north and drop me off on their way back. Can you let me know when you plan to leave and if it isn't an inconvience I will talk to Lavo and see if he is OK with it.

Thanx

Chris Dorland
3-1663


Good morning sweatheart. Its really hard for me to be away from you.  I think about you all the time.  I love to sleep next to you and wake up with you in the morning.  I really wanted to stay with you Saturday night.  Maybe I can work something out for this weekend.  Love you.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Monday, October 22, 2001 8:39 AM
To:	Geaccone, Tracy
Subject:

Hi beautiful. I had a hard time yesterday because I missed you so much (in case you couldn't tell). The more we are together the more I love you and want to spend all my time with you. I can't wait to see you.

Stan's staff meeting was cancelled so I am just trying to catch up on things this morning.

Love you sweetie.


Here you go
----- Forwarded by Susan J Mara/NA/Enron on 11/22/2000 02:25 PM -----

	Jack Pigott <jackp@calpine.com>
	11/22/2000 02:01 PM

		 To: "'Susan.J.Mara@enron.com'" <Susan.J.Mara@enron.com>
		 cc:
		 Subject: FW: Other Attendees For Meeting on Monday, November 27?

Sue - Calpine is hosting a pre-meeting at a law firm near the Governor's
office in L.A.  Enron is invited, so please forward this to the appropriate
people.
Jack

>  -----Original Message-----
> From:    Laura Friedl
> Sent:   Wednesday, November 22, 2000 1:12 PM
> To:   'nick.wallace@dynegy.com'; 'lynn.lednecky@dynegy.com';
> 'wfhall2@duke-energy.com'; 'njdeschane@duke-energy.com';
> 'john_h_stout@reliantenergy.com'; 'curtis_l_kebler@reliantenergy.com'
> Cc:   Kassandra Gough; Jack Pigott; Joe Ronan; Eileen Koch
> Subject:   FW: Other Attendees For Meeting on Monday, November 27?
> Importance:   High
>
> Good Afternoon-
>
> If you are aware of any other participants for the meeting at the
> Governor's office on Monday, November 27, please forward this email to
> them ASAP!   Please contact Joe Ronan at joer@calpine.com / 925-600-2085
> with the names as well.
>
> Thank you in advance for your assistance.
>
> Laura G. Friedl
> Government and Regulatory Affairs
> Phone:  925.600.2323
> Fax:       925.600.8925
> Email:  lfriedl@calpine.com
>
>  -----Original Message-----
> From:    Laura Friedl
> Sent:   Wednesday, November 22, 2000 12:23 PM
> To:   'nick.wallace@dynegy.com'; 'lynn.lednecky@dynegy.com';
> 'wfhall2@duke-energy.com'; 'njdeschane@duke-energy.com';
> 'john_h_stout@reliantenergy.com'; 'curtis_l_kebler@reliantenergy.com'
> Cc:   Joe Ronan; James Macias; Eileen Koch
> Subject:   Meeting on Monday, November 27
> Importance:   High
>
> Good Afternoon,
>
> There will be a luncheon meeting held at the law offices of Paul,
> Hastings, Janofsky and Walker on Monday, November 27 at 11:00 a.m.  This
> meeting will be prior to the California Electricity Discussion to be held
> at the Governor's Office.  I have attached directions from the Burbank
> Airport to the law offices for your convenience.  The law office phone
> number is 213-683-6000.
>
> Parking will be available.  When traveling South on Flower - make a right
> onto 5th - the parking lot is immediately on your left.
>
> Upon your arrival at the law office, please check in at the front desk on
> the 23rd floor and ask for Conference Room 2401 - Calpine Meeting.
>
> http://maps.yahoo.com/py/ddResults.py?Pyt=Tmap&tarname=&tardesc=&newname=&
> newdesc=&newHash=&newTHash=&tlt=&tln=&slt=&sln=&newFL=Use+Address+Below&ne
> waddr=BUR&newcsz=Burbank%2C+CA&newcountry=us&newTFL=Use+Address+Below&newt
> addr=555+South+Flower&newtcsz=Los+Angeles%2C+CA++90071&newtcountry=us&Get%
> A0Directions=Get+Directions
>
> Thank you for your participation.  Have a safe and happy Thanksgiving.
>
> Laura G. Friedl
> Government and Regulatory Affairs
> Phone:  925.600.2323
> Fax:       925.600.8925
> Email:  lfriedl@calpine.com
>


Rick, are you OK with this?  Please let me know so I can get Kevin what he needs.  Thanks.

Sheila

 -----Original Message-----
From: 	HRGIM
Sent:	Friday, October 26, 2001 4:24 PM
To:	Jolly, Kevin
Cc:	Schultea, Kathryn; Walton, Sheila
Subject:	RE: Expertfinder Data

Due to security measures of the HR Data we will need the approval from Sheila Walton, your director of Human Resources, in order to process the report request below.

Thank you,

HR Global Information Management

 -----Original Message-----
From: 	Jolly, Kevin
Sent:	Wednesday, October 17, 2001 10:09 AM
To:	Expertfinder
Subject:	Expertfinder Data
Importance:	High

I work in Risk Assessment and Control (RAC) and one of our tasks is to prepare quarterly information that is presented to the Enron Board of Directors.  The Board has requested background information on the employees of RAC such as education, certifications, etc. plus a picture.  I would like to know if there is a way I could work with you to get this information out of Expertfinder instead of having to manually look up and record data for close to 75 employees.  The most helpful thing for me would be if you could query your data to pull RAC employees and then send me a data file containing all the information (education, certifications, picture if possible, etc.).

As far as I know, this is a one time request and it is not due until the next Board meeting which is the beginning of December.  However, we would like to get started on this as soon as possible since this is a request in addition to the usual items we present to the Board each quarter.

Please let me know if you can help us in this process.  Feel free to call me to discuss.


Effective 4/1/2000:

Nomination into Eastrans of 75,000 MMBtu/d.

Redeliveries:

50,000 MMBtu/d into PG & E
7,800 from Fuels Cotton Valley
17,200 to HPL at Carthage

Currently, since 3/22/2000, we have been at 75,000
with the following redeliveries:

43,482 MMBtu/d into PG & E
7,000 from Fuels Cotton Valley
3,000 into HPL Cartwheel
21,518 to Mobil Beaumont

I previously showed 44,382 MMBtu/d since 3/22 .  Is 43,482 right?

There is no change in deliveries and redeliveries for tomorrow, but
could someone clarify what the nominations are on the redelivery side?


---------------------- Forwarded by Chris Dorland/HOU/ECT on 11/15/2000 04:26
PM ---------------------------

Michael McDermott <Michael.McDermott@spectrongroup.com> on 11/15/2000
05:05:34 AM
To: "'Alexis Dodin'" <alexis.dodin@total.com>, "'Angus Cowan'"
<Angus.Cowan@royalbank.com>, "'B.K. Milne'" <MILNEB@CIBC.CA>, "'Bradley'"
<bdaly@txuenergy.com>, "'Bryan Moody'" <bhmoody@hotmail.com>, "'Carlo &
Sophia'" <carloandsophia@hotmail.com>, "'Catriona Work'"
<cmcdermott@BrunswickGroup.com>, "'Chris Blaker'" <blakerc@beaucanada.com>,
"'Chris del Valle'" <delvalle@aep.com>, "'Chris Dorland'"
<Chris.Dorland@enron.com>, "'David Redmond'" <david.redmond@enron.com>,
"'Francesco Cicoli-Abad'" <FRANCIC@statoil.com>, "'George Potter'"
<george.potter@txu-europe.com>, "'Haakon Olafsson'"
<haakon_olafsson@enron.net>, "'Jason Blaker'" <jason.blaker@nbpcd.com>,
"'Jasvinder Pal Singh Badyal'" <J.Badyal@accord.co.uk>, "'Kent Brown'"
<kbrown@arciscorp.com>, "'Kevin McElroy'" <kmcelroy@nuheat.com>, "'Lionel
Greene'" <lgreene@sempratrading.com>, "'Nils'"
<Nils_Edstrand@instinet.co.uk>, "'Rob Laird'" <rlaird@oebi.com>, "'Stefan van
Riet'" <stefan.vanriet@gs.com>, "'Urvesh'" <urvesh.kotecha@pgen.com>
cc:
Subject: The result of the US election - This is very funny

>  >
>  >Not everyone can wait for the recount..
>  >
>  >
>  >---------------------------------------------
>  >NOTICE OF REVOCATION OF INDEPENDENCE
>  >
>  >To the citizens of the United States of America,
>  >
>  >In the light of your failure to elect a President of the USA and
> thus to
>  >govern yourselves, we hereby give notice of the revocation of your
>  >independence, effective today.
>  >
>  >Her Sovereign Majesty Queen Elizabeth II will resume monarchial
> duties
> over
>  >all states, commonwealths and other territories.  Except Utah, which
> she
>  >does not fancy.  Your new prime minister (The rt. hon. Tony Blair,
> MP for
>  >the 97.85% of you who have until now been unaware that there is a
> world
>  >outside your borders) will appoint a minister for America without
> the need
>  >for further elections.  Congress and the Senate will be disbanded.
> A
>  >questionnaire will be circulated next year to determine whether any
> of you
>  >noticed.
>  >
>  >To aid in the transition to a British Crown Dependency, the
> following
> rules
>  >are introduced with immediate effect:
>  >
>  >1. You should look up "revocation" in the Oxford English Dictionary.
> Then
>  >look up "aluminium".  Check the pronunciation guide.  You will be
> amazed
> at
>  >just how wrongly you have been pronouncing it.  Generally, you
> should
> raise
>  >your vocabulary to acceptable levels.  Look up "vocabulary".  Using
> the
>  >same
>  >twenty seven words interspersed with filler noises such as "like"
> and "you
>  >know" is an unacceptable and inefficient form of communication.
> Look up
>  >"interspersed".
>  >
>  >2. There is no such thing as "US English".  We will let Microsoft
> know on
>  >your behalf.
>  >
>  >3. You should learn to distinguish the English and Australian
> accents.  It
>  >really isn't that hard.
>  >
>  >4. Hollywood will be required occasionally to cast English actors as
> the
>  >good guys.
>  >
>  >5. You should relearn your original national anthem, "God Save The
> Queen",
>  >but only after fully carrying out task 1.  We would not want you to
> get
>  >confused and give up half way through.
>  >
>  >6. You should stop playing American "football".  There is only one
> kind of
>  >football.  What you refer to as American "football" is not a very
> good
>  >game.
>  >The 2.15% of you who are aware that there is a world outside your
> borders
>  >may have noticed that no one else plays "American" football.  You
> will no
>  >longer be allowed to play it, and should instead play proper
> football.
>  >Initially, it would be best if you played with the girls.  It is a
>  >difficult
>  >game.  Those of you brave enough will, in time, be allowed to play
> rugby
>  >(which is similar to American "football", but does not involve
> stopping
> for
>  >a rest every twenty seconds or wearing full kevlar body armour like
>  >nancies).  We are hoping to get together at least a US rugby sevens
> side
> by
>  >2005.
>  >
>  >7. You should declare war on Quebec and France, using nuclear
> weapons if
>  >they give you any merde.  The 98.85% of you who were not aware that
> there
>  >is
>  >a world outside your borders should count yourselves lucky.  The
> Russians
>  >have never been the bad guys.  "Merde" is French for "shit".
>  >
>  >8. July 4th is no longer a public holiday.  November 8th will be a
> new
>  >national holiday, but only in England.  It will be called
> "Indecisive
> Day".
>  >
>  >9. All American cars are hereby banned.  They are crap and it is for
> your
>  >own good.  When we show you German cars, you will understand what we
> mean.
>  >
>  >10. Please tell us who killed JFK.  It's been driving us crazy.
>  >
>  >Thank you for your cooperation.
>  >
>  >
>  >
>  >
>  >Hugh Richards
>  >Senior Training Consultant - EMEA London
>  >Office: +44(0)207 786 3013
>  >Fax: +44(0)207 786 3001
>  >Mobile: +44(0)7720350706
>  >
>  >
>  >S2 Systems International, Ltd.
>  >30 City Road
>  >London, EC1Y 2AY
>  >United Kingdom
>  >
>  >
>  >CONFIDENTIALITY NOTICE
>  >The information contained in this transmission is confidential.  It
> may
> also
>  >be legally privileged.  It is intended only for the addressee(s)
> stated
>  >above.  If you are not an addressee you should not disclose, copy,
> circulate
>  >or in any other way use the information contained in this
> transmission.
>  >Such unauthorized use may be unlawful.  If you have received this
>  >transmission in error, please telephone us immediately so that we
> can
>  >arrange for its return.
>  >
>  >
>  >
>  >
>
>
> ______________________________________________________________________
> ___
> Get Your Private, Free E-mail from MSN Hotmail at
> http://www.hotmail.com.
>
> Share information about yourself, create your own public profile at
> http://profiles.msn.com.


Attached is the latest version of the above-referenced document.  It contains
the changes requested by NUI.  I understand from Rudwell that he and Laura
have agreed on the credit numbers and I have incorporated the numbers that
they have agreed on.  Please call me at (713) 853-5705 should you have any
questions.

Stacy


Kate, what is the latest regarding Sierra Pacific Industries and the buy
backs for the 29th & 30th in the amount of $103,968 for each day?  Let me
know if I can obtain more information for you.  The payment terms are net 5
days after receipt of invoice, which they faxed to me on April 30th.

Again, thanks for all your help regarding this and all the EES items.

Mark


My thought is just to take all this language out and solely leave us on out
if we don't get the transport for any reason under the terms of the Precedent
Agreement.  Counterparty might not go for it, but it would clear this issue
up.

	Barbara N Gray
	07/26/2000 06:45 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Re: Term Sheet

gerald,what do you think "reasonable efforts to acquire" means?  do we have
to elect to take transport....at what price........since producer must pay
the price under the contract price formula....we may need to be willing to
agree on a range of acceptable prices...........this would also help define
reasonale efforts...........................your thoughts please   bng


Forecast			Actual
	Kevin	ISO	ECP	Demand	ECP
PEAK	35,206	33,900	$20.21	33,833	$26.22
OFF PEAK	26,144	27,900	$14.08	27,495	$15.14
24 HOUR	28,460	28,617	$18.17	28,626 	$22.53

HE1	22,337	23,200	$14.08	23,366	$17.26
HE2	21,215	22,100	$12.91	22,107	$14.88
HE3	20,600	21,500	$12.24	21,703	$15.67
HE4	20,364	21,600	$12.19	21,423	$11.80
HE5	20,805	22,300	$12.29	21,797	$12.58
HE6	22,601	24,300	$14.85	23,401	$14.86
HE7	26,144	27,900	$17.99	27,495	$19.23
HE8	28,675	30,100	$19.28	30,003	$21.74
HE9	29,785	30,600	$20.00	30,743	$19.24
HE10	30,483	30,800	$21.07	31,313	$30.39
HE11	31,165	31,100	$20.86	31,637	$31.08
HE12	31,494	31,100	$19.08	31,717	$22.55
HE13	31,530	31,200	$18.43	31,493	$24.12
HE14	31,680	31,200	$19.22	31,411	$25.60
HE15	31,734	31,100	$18.00	31,131	$19.36
HE16	31,676	31,000	$18.00	31,015	$18.70
HE17	32,997	31,600	$21.42	31,957	$79.96
HE18	35,206	33,900	$30.71	33,833	$33.00
HE19	34,596	33,300	$26.27	33,332	$18.33
HE20	33,091	32,200	$20.00	32,145	$18.35
HE21	31,621	31,200	$18.18	31,162	$21.70
HE22	30,052	29,700	$17.44	29,873	$19.47
HE23	27,811	27,900	$15.46	27,847	$15.94
HE24	25,370	25,900	$16.12	25,113	$14.82

 -----Original Message-----
From: 	"Mayeaux, Keller" <Keller.Mayeaux@xemkt.com>@ENRON
Sent:	Wednesday, November 28, 2001 2:19 PM
To:	Stepenovitch, Joe
Subject:

send me your resume.


Has this been addressed?

Brenda H Fletcher
03/27/2000 11:53 AM
To: Chris Germany/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, Mark Feldman/HOU/ECT@ECT, Mary Theresa
Franklin/HOU/ECT@ECT
Subject: CGAS K# 39764 - Deal #77349

The invoiced rate on this contract is for  interruptible gathering but the
information on the deal reflects a Firm contract. How do you suggest handling
so the contract type, rate schedule and firmness are consistent with the
pipeline?

Also, there are 10 contracts that we were invoiced for processing charges
that are not on the Service List in Path Manager for Feb.
Are you working on getting contracts and deals added?

Thanks,
Brenda


A taste of exhibits...
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/06/2000 02:29
PM ---------------------------

lee.johnson@ss.ps.ge.com on 12/05/2000 03:54:02 PM
To: kay.mann@enron.com
cc: kent.shoemaker@ae.ge.com

Subject: Exhibits for Austin and LV Cogen Facility Agreements

 <<Exhibits to Gas Turbine Purchase Agreement - LV Cogen
redline_120400.DOC>>

 <<Exhibits to Gas Turbine Purchase Agreement - Austin redline _
120400.DOC>>

 - Exhibits to Gas Turbine Purchase Agreement - LV Cogen redline_120400.DOC
 - Exhibits to Gas Turbine Purchase Agreement - Austin redline _ 120400.DOC


Start Date: 2/1/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020120.txt


----- Forwarded by Jeff Dasovich/NA/Enron on 02/10/2001 08:34 PM -----

	Scott Govenar <sgovenar@govadv.com>
	02/09/2001 02:09 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Rick
Johnson <rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick
Shapiro <rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan
Comnes <acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, Beverly Aden <beverly.aden@enron.com>, Bill Votaw
<bill.votaw@enron.com>, Carol Moffett <carol.moffett@enron.com>, Debora
Whitehead <debora.whitehead@enron.com>, Dennis Benevides
<dennis.benevides@enron.com>, Don Black <don.black@enron.com>, Dorothy
Youngblood <dorothy.youngblood@enron.com>, "dblack@enron.com"
<dblack@enron.com>, "emelvin@enron.com" <emelvin@enron.com>,
"ehughes2@enron.com" <ehughes2@enron.com>, "gweiss@enron.com"
<gweiss@enron.com>, "gsavage@enron.com" <gsavage@enron.com>,
"Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, "kgustafs@enron.com"
<kgustafs@enron.com>, Mike D Smith <msmith1@enron.com>, "ryang@enron.com"
<ryang@enron.com>, "sgahn@enron.com" <sgahn@enron.com>, "vsharp@enron.com"
<vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>
		 cc:
		 Subject: SBX 6

SBX 6 (Burton) was added to the Senate Energy Committee calendar for
Tuesday.   This bill would establish a state power authority.


Yes.  I would handle this through expense reimbursement.

	From:  Sheila Glover                           12/15/99 04:19 PM

To: Kim Melodick/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT
Subject: CFA Exam and Seminar

Kim,
Bennett Kaufman finished his MBA this month.  He want to take the CFA exam
and I support this effort/applicability.
What do we need to do to cover costs?  Can he just sign up and we process
through expense reports?
Thanks. Sheila
---------------------- Forwarded by Sheila Glover/HOU/ECT on 12/15/99 04:16
PM ---------------------------

Bennett Kaufman
12/15/99 03:40 PM
To: Sheila Glover/HOU/ECT@ECT
cc:
Subject: CFA Exam and Seminar

---------------------- Forwarded by Bennett Kaufman/HOU/ECT on 12/15/99 03:39
PM ---------------------------

	Enron North America Corp.

	From:  Info Central @ ENRON                           12/13/99 06:17 PM

Sent by: Enron Announcements@ENRON
To: All Enron Houston
cc:
Subject: CFA Exam and Seminar

Chartered Financial Analyst (CFAc) Exam June 3, 2000

The Chartered Financial Analyst (CFA) Program:
 Globally recognized standard to measure abilities of financial analysts
 Curriculum develops fundamental knowledge of investment principles
 Three levels of examination measure a candidate's professional level
  Register for the exam, using your own credit card, at
 http://www.aimr.org/knowledge/cfaprogram/
   Enron will reimburse employees in the Associate/Analyst programs only once
per level.
   For those outside the A/A Program interested in taking the exam,
talk to your HR rep to get details on how costs can be covered

Not yet registered?  Register before the next price increase February 1
Due to the heavy volume of 2000 CFA registrations, processing may take over
six weeks.

CFA Study Help through Stalla Study Seminars & Manuals
              (Enron,s preferred provider):
Manuals will be sent in bulk to Info Central EB 2801:
 Level 1 ) December 15
 Level 2 ) December 30
 Level 3 ) January 15

When manuals are picked up in EB2801, you may:
? Purchase the manuals  ($265)
? Purchase the manuals + sign up for the seminar ($495)

All Interactions with Stalla will be through Info Central.
Questions may be directed to Javier Espinoza at 713/853-4296.

Exam Location:  University of Houston Hilton Conference Center
Dates:  Levels 1 & 2  - March 16-19, 2000
  Level 3 ) March 18-19, 2000
Cost:  Manual only (2 volumes)  - $265
  Seminar + Manual - $495


THE WALL STREET JOURNAL / CALIFORNIA

Critics Seek
More Control
Over ISO
By Marc Lifsher

08/09/2000
The Wall Street Journal
Page CA1
(Copyright (c) 2000, Dow Jones & Company, Inc.)
Some people want the California Independent System Operator to be a lot less
independent.
The Folsom-based nonprofit corporation, which acts as the traffic cop for the
state's electricity grid, has been a lightning rod for criticism during this
summer's power crisis. Though generally praised for keeping lights on in the
face of severe shortages of electricity, the ISO has come under fire for
failing to move more quickly to lower the maximum price it will pay
generators for emergency power to meet demand and prevent blackouts.
Pressure on the ISO has eased considerably since last week, when its
governing board voted to lower the cap on such same-day, emergency purchases
-- the only type of pricing it has the power to affect directly -- to $250 a
megawatt hour from $500. But the heat hasn't been turned off completely. Some
lawmakers still are calling for changes in the 26-member ISO board, which
includes people nominated by power generators, utilities, middlemen, and
commercial and residential customers, among others. The critics want to
streamline the board and make it more accountable to the state's elected
officials.
The ISO was created by the state's 1996 utility-deregulation act to transmit
electricity smoothly between generators and utilities. Lawmakers devised the
independent board as a way to give the various "stakeholders" -- generators,
utilities, middlemen, customers and environmentalists -- a say in how energy
is supplied. Members serve for up to three years.
"It's inappropriate for the ISO governing board to vote on issues that
benefit them financially," says Sen. Dede Alpert, a Coronado Democrat. She
questions the wisdom of allowing out-of-state energy sellers and marketers to
sit on the ISO board and vote on emergency prices, especially when they have
an interest in keeping those prices high.
Sen. Alpert spent much of the Legislature's recent summer recess fielding
complaints about high electricity costs from her constituents, customers of
San Diego Gas & Electric Co., a unit of San Diego-based Sempra Energy. Last
summer, SDG&E became the first investor-owned utility in the state to have
price regulations fully lifted. This summer, its rates have doubled, as high
temperatures and power shortages have swept the West.
In response to a series of price spikes in Southern California and the wider
contention that skyrocketing prices indicate the failure of deregulation,
state lawmakers have scheduled a joint hearing tomorrow in Sacramento. High
on the agenda: possible changes in the ISO's governing structure and scrutiny
of the way it handles power statewide on hot days. Critics say emergency
purchases should be no more than 5% of electric-power sales, but were as high
as 33% of the market on hot days earlier this summer.
Key legislative leaders -- including Sen. Steve Peace, an El Cajon Democrat
who was the architect of the 1996 deregulation law -- would like to make the
ISO more accountable to state elected officials.
Possible changes include preventing industry representatives with conflicts
from sitting on the ISO board, as well as abolishing the ISO entirely and
shifting its responsibilities back to state utilities, under the supervision
of the state Public Utilities Commission. Until 1996, the PUC regulated all
electric utility rates and services.
ISO board members say legislative critics are unfairly focusing anger over
the price spikes on the ISO, which has only a limited ability to set prices.
Most electricity isn't sold through the same-day, emergency market -- but
through long-term contracts between sellers and utilities, or at least a day
in advance through the California Power Exchange, which is a nonprofit
corporation established by the 1996 law to serve as a trading floor.
"We need to create a government structure that is not susceptible to pressure
from one state senator or anyone else," to keep prices artificially low, says
ISO Chairman Jan Smutney-Jones, who represents the Independent Energy
Producers Association, the trade group for non-utility power generators. He
dismisses criticism of the board's out-of-state members. There needs to be
"an independent, interstate board" because energy is transmitted across state
lines, he says. Two Houston-based power sellers on the board, Dynegy Corp.
and Enron Corp., deny any conflict. Chuck Watson, Dynegy's chairman and chief
executive, blames state officials for expanding the ISO's role to include
monitoring prices. "If there's any finger-pointing," Mr. Watson says, "they
probably should start with the big finger pointed right at them."
Substantial restructuring of ISO governance could prove difficult. The state,
through the governor-appointed Electricity Oversight Board, has limited power
to make changes. Past efforts by the Oversight Board to exert control didn't
go far.
Last year, state lawmakers tried to give the Oversight Board the power to
confirm or reject ISO board members to make them accountable to state
officials. (Nominees had previously gone on automatically.) The effort was
opposed by officials of the Federal Energy Regulatory Commission in
Washington, D.C., which argued that the state couldn't have veto power over
the nominees of out-of-state power producers. In a compromise, California
officials were given authority to veto half the board -- those nominated by
residential, industrial, commercial and agricultural power-users.
The federal energy commission has final regulatory authority over the ISO and
has viewed state attempts to meddle with the agency as an unconstitutional
attempt to hinder interstate commerce.
Any proposed changes in ISO's governing structure "would be looked at very
closely by FERC," says ISO attorney Richard Jacobs.
This summer, the ISO board displayed an independence that was annoying to
state lawmakers. In June, Sen. Peace called on the board to lower its price
cap for emergency purchases, from $750 a megawatt hour (roughly the amount of
electricity needed to power 1,000 homes) to $250. The board responded by
lowering the cap to $500 a megawatt hour. A second attempt to lower the cap
to $250 failed to get a majority vote.
The reason? The three private power-seller representatives, including the
Independent Energy Producers Association, were joined by those representing
agricultural, industrial and commercial users in opposing a lowering of the
cap.
Then, the pressure on the ISO board really intensified. Gov. Gray Davis
weighed in, by sending the ISO board a letter asking it to lower the cap "to
the lowest possible level." Energy Secretary Bill Richardson ordered the
representative of federal-public-power sellers to change his vote from no to
yes. A consumer representative from the League of Women Voters also moved to
the "aye" column, allowing the cap to be lowered to $250.
Lowering the cap removes some of the rate pressure on residential and
commercial consumers in San Diego -- and takes some of the heat off the ISO
board. But not entirely: A Public Utilities Commission report on the state's
electricity market that was sent to the governor after the vote said that the
members of the ISO and the Power Exchange boards "can have serious conflicts
of interest" and that both organization aren't "accountable to the state or
its consumers."
An ISO spokesman said the board is in the process of producing a formal
response to the report and it declined to comment. A spokesman for the Power
Exchange said that it has followed the law regarding conflicts and that it
does protect consumers.
---


----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 03:30 PM -----

	Teresa Wright
	01/18/2001 11:35 AM

		 To: Rosalee Fleming/Corp/Enron@ENRON, Maureen McVicker/NA/Enron@Enron
		 cc: Steven J Kean/NA/Enron@Enron, Mary Joyce/HR/Corp/Enron@ENRON
		 Subject: Meeting Confirmation

---------------------- Forwarded by Teresa Wright/HR/Corp/Enron on 01/18/2001
11:39 AM ---------------------------

	Calendar Entry

Brief description:
Date:
Time:

Ken Lay, Steve Kean & Mary Joyce (EB5005) - tw
01/22/2001
01:00 PM - 01:15 PM

Detailed description:

Chairperson:
This meeting repeats   starting on    (if the date occurs on a weekend the
meeting ).


Attached please find the Natural Gas market analysis for today.

Thanks,

Bob McKinney

 - 11-20-01 Nat Gas.doc


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             [IMAGE] [IMAGE]   [IMAGE] [IMAGE] Upgrades  [IMAGE] DownGrades  [IMAGE] Coverage Initiated  [IMAGE] Stock Splits  [IMAGE] Buybacks  [IMAGE] Pos Pre-Announce  [IMAGE] Neg Pre-Announce     [IMAGE]   [IMAGE]   [IMAGE]  [IMAGE]  [IMAGE] Unsubscribe  [IMAGE] Update my Membership / Profile  [IMAGE] Forgot Username / Password  [IMAGE] Add / Edit Alerts  [IMAGE] View My Alerts   [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE]  [IMAGE]    [IMAGE] [IMAGE] [IMAGE] 	  As requested, your News Alert for YHOO  follows from EquityAlert.com.     Multimedia Available: SpotLife Announces Agreement with Yahoo! Mail   Nov 26, 2001 (BUSINESS WIRE) -- SpotLife, the leading provider of integrated personal video solutions, and Yahoo! Inc. (Nasdaq:YHOO), a leading global communications, commerce and media company, on November 26 announced an agreement to offer users video e-mail services through Yahoo!(R) Mail.   The addition of video e-mail services will enable users of Yahoo! Mail to easily create and send personalized video e-mail messages to friends, family and colleagues virtually anywhere in the world.   You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.cgi?4467.   This multimedia news story is for free and unrestricted use on your news information site (and for print or broadcast too). Visit http://www.newstream.com to download video, audio, text, graphics and photos.   If you have any questions about the story, or about Newstream.com, please write to us at info@newstream.com.   CONTACT:          Newstream                   info@newstream.com URL:              http://www.businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page.  Copyright (C) 2001 Business Wire.  All rights reserved.  -0-   KEYWORD:          CALIFORNIA NEW YORK INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS                   CONSUMER/HOUSEHOLD                   INTERNET                   SOFTWARE                   ADVISORY                   SOURCE:                   Newstream    [IMAGE]    ***IMPORTANT NOTICE AND DISCLAIMER REGARDING THIS COURTESY EMAIL***  At your request, as a subscriber to our service, this email alert is being sent to you as a courtesy and is for information purposes only. We are a financial news re-distributor. We are not an investment advisory and do not purport to tell or suggest which companies you should monitor or which securities you should purchase or sell.   In addition, not withstanding our policy of prohibiting employees from buying or selling securities of an advertising company for a period of 20 days following dissemination of the advertisement, we may not be able to effectively monitor our employees to ensure compliance with the same. Consequently, there may be sales and/or purchases of such securities by our employees prior to, during and immediately following the dissemination of the advertisement.   Please note that (1) this email may not contain the full text of the press release issued by, or the research or other reports regarding, the Monitored Company; and (2) the text of the advertisement, the press release and/or reports were obtained from third party sources and were not written, generated or edited by us; accordingly, we make no representations or give any assurance as to the accuracy or completeness, nor have we conducted any independent investigations of, the disclosures regarding the subject matter of such releases and reports.   Please note that links to the advertising company and/or Monitored Company are provided for your convenience. We assume no obligation for the content of such sites.   All information contained herein should be independently verified by you with the advertising company or with Monitored Company or any other sources you prefer.   [THIS IS ONLY A SUMMARY OF, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO, THE "EQUITYALERT SUBSCRIBER AGREEMENT AND DISCLAIMER." PLEASE VISIT http://www.equityalert.com/home/disclaim.asp  FOR ACCESS TO OUR COMPLETE DISCLAIMER]        	  [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE] [IMAGE] [IMAGE]  [IMAGE] [IMAGE] [IMAGE] Stock  Quote [IMAGE]   [IMAGE] Stock  Chart [IMAGE]   [IMAGE] Covered  Calls  [IMAGE]   [IMAGE] Company  Profile [IMAGE]   [IMAGE] [IMAGE]  [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]   [IMAGE] [IMAGE] [IMAGE] Option  Details  [IMAGE]   [IMAGE] Black  - Scholes [IMAGE]     [IMAGE]  Power Option PLUS Logo    [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE] [IMAGE]


I am assuming that we are pretty much out of this case.

Jeanne
-----Original Message-----
From: Blunt, Christopher J. [mailto:cjb@cpuc.ca.gov]
Sent: Friday, September 01, 2000 3:59 PM
To: Sid, Fannie; 'kmccrea@sablaw.com'; 'jogg@jhenergy.com';
'defrawis@efaches.navfac.navy.mil'; 'glenn.camus@southernenergy.com';
'rcsstl@cdmnet.com'; 'mbrubaker@consultbai.com'; 'anchau@shellus.com';
'napedersen@jonesday.com'; 'athomas@newenergy.com'; 'reedba@sce.com';
'vthompson@sempra.com'; 'jhay@sempra.com'; 'kmelville@sempra.com';
'mcbyer@earthlink.net'; 'ronknecht@aol.com'; 'kkouba@ames.arc.nasa.gov';
'furutanj@efawest.navfac.navy.mil'; 'mdjoseph@adamsbroadwell.com';
'bfinkelstein@turn.org'; Farrar, Darwin; Bromson, Jonathan;
'theresa_mueller@ci.sf.ca.us'; 'dgrueneich@gralegal.com';
'bdunlop@gralegal.com'; 'phanschen@mofo.com'; 'epoole@adplaw.com';
'eke@aelaw.com'; 'jbennett@gmssr.com'; 'saw0@pge.com'; 'ssmyers@hooked.net';
'kfyip@seiworldwide.com'; 'wbooth@booth-law.com'; 'mgomez1@bart.gov';
'brbarkovich@earthlink.net'; 'philm@scdenergy.com'; 'scottst@mid.org';
'bill@jbsenergy.com'; 'rmccann@cal.net'; 'blaising@braunlegal.com';
'jsole@caiso.com'; 'jweil@aglet.org'; 'lwhouse@el-dorado.ca.us';
'abb@eslawfirm.com'; 'dpk@cipa.org'; 'dcarroll@dbsr.com';
'dkk@eslawfirm.com'; 'dkk@eslawfirm.com'; 'bradylaw@pacbell.net';
'lmh@eslawfirm.com'; 'pstohr@dbsr.com'; 'jtacher@energy.state.ca.us';
'kmills@cfbf.com'; 'ron_oechsler@rmiinc.com'; 'aorchar@smud.org';
'mpa@aelaw.com'; 'dws@keywaycorp.com'; 'mward@sempra.com';
'fosterbc@sce.com'; 'marcel@turn.org'; 'phanschen@mofo.com';
'joeyoung@ebmud.com'; 'rschmidt@bartlewells.com'; 'luluw@newsdata.com';
'rbw@mrwassoc.com'; 'dmarcus@slip.net'; 'cabaker@duke-energy.com';
'Slayman@energy.state.ca.us'; 'jdh@eslawfirm.com'; 'karen@klindh.com';
'huse@eesconsulting.com'; Lafrenz, Donald J.; Martin, Laura A.; Ramirez,
Manuel; Gottstein, Meg; Campbell, Rod A.; White, Rosalina; Liang-Uejio,
Scarlett; 'gottstein@volcano.net'; 'mjaske@energy.state.ca.us'
Cc: Danforth, Christopher; McNamara, Michael D.; Cauchois, Scott; Don Smith;
Jonathan Bromson; Louise Huen; Roy Evans; Scarlett Liang-Uejio; Sean Casey;
Troid Edwards; William Gibson
Subject: ORA's Opening Testimony in A.99-03-014, PG&E GRC-2

According to an ALJ Ruling dated 7/28/00, ORA submits an electronic copy of
its Opening Testimony in PG&E's GRC-2, A.99-03-014.  Also attached are the
tables associated with Chapter Nos. 4 and 8.  ORA is also mailing a hard
copy of its Opening Testimony to the service list.  If you have any
questions please contact Chris Blunt at (415) 703-1779.

 - ORA's Opening Testimony PGE GRC2 9100.doc
 - Table 8-1 xls.msg
Message-ID: <B5A43EE0E828D411A04500005A42A7B13D708B@exchserver4.cpuc.ca.gov>
From: "Liang-Uejio, Scarlett" <scl@cpuc.ca.gov>
To: "Blunt, Christopher J." <cjb@cpuc.ca.gov>
Subject: ORA CH. 4 TABLES 90100.xls
Date: Fri, 1 Sep 2000 15:00:39 -0700
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01C01771.9CF73C70"

For electronic mailing.

<<ORA CH. 4 TABLES 90100.xls>>

 - ORA CH. 4 TABLES 90100.xls


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/11/2001
06:03 PM ---------------------------

"Paul Bristow" <pbristow@riskwaters.com> on 01/11/2001 02:45:28 PM
Please respond to <pbristow@riskwaters.com>
To: <vkamins@enron.com>
cc:
Subject: Energy & Power Risk Management 2001, Houston

Dear Vince,

It is my great pleasure to confirm your participation at Energy & Power Risk
Management 2001 on May 14th. Please take a moment to look at the current
line-up on the attached draft program. I have held a position on the panel
discussion if you wish to take part. The current talk titles are based upon
our telephone conversations and I am happy to discuss any potential changes.
I would like to confirm the following details by Thursday, January 18th:

Final talk title
Bullet points (5-6)
Full name, job title, company title
Postal address

I am sure that you will agree that this year, Energy & Power Risk Management
,s annual event provides a wide range of highly topical sessions. I look
forward to receiving your full presentation details and meeting you in May.

Yours sincerely,

Paul Bristow
Conferences Manager, US
Risk Waters Group
270 Lafayette Street
Suite 7
New York 10012
212 925 6990 ext 225
pbristow@riskwaters.com

 - revspktemp2.doc


Larry,
Hope you have been taking it easy.  I know I have been.  I am writing to ask if you would like to have pipe options valued with vol skew (the change that we put on hold in oct) for Netco.

Brad

 -----Original Message-----
From: 	Wong, Jeremy
Sent:	Monday, January 14, 2002 11:17 AM
To:	Jones, Brad
Cc:	Chen, Sandy (Ying)
Subject:	FW: vol skew

Brad:

In regard to the change in PortCalc to handle volatility skew for Larry's basis options, Larry requested to have the change put on hold.
Could you please check with him if he would like this change in production for NetCo?

Thanks,
Jeremy

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Monday, November 12, 2001 2:08 PM
To:	Wong, Jeremy
Subject:	FW: vol skew

 -----Original Message-----
From: 	Jones, Brad
Sent:	Monday, November 12, 2001 2:02 PM
To:	Song, Jennifer
Subject:	RE: vol skew

Jennifer,
I have talked to Larry and he would like to wait a while before he puts the vol skew revision into production.  I will let you know when we are ready for it.

brad

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Monday, November 12, 2001 11:51 AM
To:	Jones, Brad
Subject:	RE: vol skew

Brad,

The new post-id is 1397232. Thanks.
Jennifer
x35248

 -----Original Message-----
From: 	Jones, Brad
Sent:	Monday, November 12, 2001 11:43 AM
To:	Song, Jennifer
Subject:	RE: vol skew

Can you please copy post id # 1394485 and calc it with the volatility adjustments.

I will talk to larry today about these changes today.

brad

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Monday, November 12, 2001 9:23 AM
To:	Jones, Brad
Subject:	RE: vol skew

Brad,

The database was rebounced during weekend. So you have to close your runm and reopen it. The post-id is in production.

Jennifer
x35248

 -----Original Message-----
From: 	Jones, Brad
Sent:	Monday, November 12, 2001 8:39 AM
To:	Song, Jennifer
Subject:	RE: vol skew

Jennifer,
I could not pull up anything on post-id 1391544.  I tried it in production port calc and test port calc.  Can you please take a look at it for me.

brad

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Wednesday, November 07, 2001 10:42 AM
To:	Jones, Brad
Subject:	RE: vol skew

Please look at post-id 1391544.

Jennifer
x35248

 -----Original Message-----
From: 	Jones, Brad
Sent:	Wednesday, November 07, 2001 10:13 AM
To:	Song, Jennifer
Subject:	RE: vol skew

Please test deal #s
YC2929.1
YB6452.1
YB7841.5

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Wednesday, November 07, 2001 10:10 AM
To:	Jones, Brad
Subject:	RE: vol skew

Yes , please.
Jennifer
x35248

 -----Original Message-----
From: 	Jones, Brad
Sent:	Wednesday, November 07, 2001 10:06 AM
To:	Song, Jennifer
Subject:	RE: vol skew

Also I would like to test a few individual deals.  Should I send you the deal # and let you run minibooks?

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Wednesday, November 07, 2001 9:43 AM
To:	Jones, Brad
Subject:	RE: vol skew

Brad,

I used the new port_calc to run the full book, and the post-id is 1391379. Please take a look at it and let us know your feedback. If you need any further testing, please do not hesitate to call me. Thanks.

Jennifer
x35248

 -----Original Message-----
From: 	Jones, Brad
Sent:	Tuesday, November 06, 2001 12:56 PM
To:	Song, Jennifer
Subject:	RE: vol skew

Can we please test - 1386963

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Tuesday, November 06, 2001 12:08 PM
To:	Jones, Brad
Subject:	RE: vol skew

Brad,

Jeremy has a new port_calc ready for test. This new version will apply vol skew on basis options correctly.
I calculated a mini-book on deal 'YG8699.1'. The post-id is 1387936. Please take a look at it.

If you have any other post-ids you want to test with this new version, please let me know, so I can run this new port_calc for you.

Thanks,
Jennifer
x35248
 -----Original Message-----
From: 	Jones, Brad
Sent:	Tuesday, November 06, 2001 11:45 AM
To:	Song, Jennifer
Subject:	RE: vol skew

Thank you very much, that is exactly what I wanted to know.
Yes if the IF vol curve exists, use IF-vol + NG skew, if IF vol curve does not exsist, use NG vol + NG skew

 -----Original Message-----
From: 	Song, Jennifer
Sent:	Tuesday, November 06, 2001 11:34 AM
To:	Jones, Brad
Subject:	vol skew

Brad,

I did two post-ids. I used the current production port_calc (3.15) to calculate 1389454 and I used the old version(3.14) to calculate 1389464. I do see a P& L change on 1389454.

I debugged it and found a bunch of deals with changes in P& L value. Enclosed is a partial list of those deals. The reasons are:

In old version(3.14), we calculate volatility of basis options like this

1) we calculate the NG volatility
2) If it's a basis option, we fetch the IF- volatility curve. If IF- volatility curve exists, we use IF-volatility curve.
3) If IF- volatility curve does not exist, we still use NG volatility.

In the current production version(3.15), we calculate volatility of basis options like this

1) we calculate the NG volatility + NG vol skew. (The NG vol skew is based on NG price - fixed price)
2) If it's a basis option, we fetch the IF-volatility curve. If IF-volatility curve exists, we use IF- volatility curve.
3) If IF-volatility curve does not exist, we still use NG volatility + NG vol skew which was calculated in step 1).

The bug in the currenct production portcalc is that in step 2), we didn't apply vol skew upon IF vol. In our new fix, this bug will be fixed.

However, the IF volatility curves of those enclosed deals do not exist. So the current production version (3.15) used the NG vol + NG vol skew for those deals. The old version (3.14) used the NG vol for those deals. Thus you see P&L change in these two versions.

Also we'd like to confirm with you that in the new fix, if the IF vol curve does not exist, you still want us to use NG vol + NG vol skew instead of erroring out. If the IF vol curve exists, we will use IF vol + NG vol skew.

Thanks,
Jennifer

Jinwen (Jennifer) Song
713-853-5248
jennifer.song@enron.com

 << File: basis.xls >>