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Hey Kenny.

Thanks for checking on me.  My trip to Omaha was okay.  On one hand, it
gave me a real good idea of what type of shape Daddy really is in.  It's
not real good, but he feels optimistic.  You know he has prostate cancer
and I believe it has started spreading into the bones.  He's very, very
weak, can't walk more than 10 to 20 steps without becoming physically worn
out.  Mom has to drive him everywhere he goes, (he doesn't go that many
places).  He's definitely has his good days and his bad days.  He is taking
regular pain pills constantly and has morphine tablets for extreme pain,
which he's in half the time.  It's really sad.  He's lost alot of weight,
but he's in good spirits I guess.    To talk to him over the phone or hear
him over tje radio, you would swear he's in great health.  It's was really
hard for me to get a true perspective because I know he was trying to put
on his best act, so that I would not worry.   It's extremely hard to see
your parents going through this kind of suffering.

He says he going to beat this thing, so alot of times, it's mind over
matter, along with lots of prayer.

Mom is wanting to quit her job, (she's a teachers aide), but Daddy doesn't
want her to do it.  Daddy says he's going back to work.  Please pray for
Mom as well, I know she's scared to death, and doesn't know what to really
do.

Talk to you later!


Tana-

Further to my e-mail below, I note that the EOL US weather GTCs (where ENA is
the counterparty) will  require modification for use with Japanese
counterparties.  Presently, Brent Hendry is reviewing the draft EOL Japanese
weather GTCs, which have been developed to utilize Enron Japan Corp. as the
counterparty.

Cheers,

John
----- Forwarded by John Viverito/Corp/Enron on 08/24/2000 01:36 AM -----

	John Viverito
	08/24/2000 01:31 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Mark
Taylor/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: Japanese & Australian Products

Tana-

For weather derivatives conducted by Enron North America with counterparties
in Japan:

1.  There is a "relatively low risk" (quoting Baker & McKenzie) that such
transactions will be considered gambling in Japan.  However, such risk is
deemed to be even lower, when utilizing an offshore entity.  The risk has
been determined to be sufficiently low to utilize Enron Japan Corp. as the
Enron entity engaging in these transactions, therefore utilizing ENA should
also be acceptable.

2.  I note, there will be foreign exchange reporting requirements for the
Japanese counterparty to the transaction, both at the time the transaction is
entered into and each time a payment is made (or netted).  There are no
Japanese reporting requirements applicable to Enron North America.  Further,
a default by the Japanese counterparty in compliance with its reporting
requirements will not effect the enforceability of the transaction.

3.  I have copied Susan Musch on this correspondence, to obtain her input
from the tax perspective.

Please let me know if you need anything further.

Cheers,

John

	Tana Jones@ECT
	08/23/2000 03:15 PM

		 To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Viverito/Corp/Enron@Enron
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Japanese & Australian Products

You both may already by aware of this, but the online team has contacted me
and it is their desire to have the Japanese & Australian products also
offered out of the U.S. by Enron North America.  They would continue to be
offered by their current companies, "Enron Australia" and "EnronJapan", but
they want the products sold "24 hours a day" and I guess to do this they
would be offered also by Enron North America.  Do you see any legal issues
from your side with a your Japanese or Australia products being offered by
Enron North America too?


Tara,

FYI - Friday's and today's deals are now booked correctly.

Thanks,

Dan

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Monday, October 15, 2001 1:40 PM
To:	Thibaut, Dan
Subject:	RE: Straddle Problem

Yes they are both Straddles.

Thanks
TARA

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Monday, October 15, 2001 12:50 PM
To:	Sweitzer, Tara
Subject:	RE: Straddle Problem

Thanks,

Larry has two EOL deals so far today -  EOL ID 2017438 Product ID 62647 and EOL ID 2017438 Product ID 62649.  Are they both straddles?

Thanks,

Dan

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Monday, October 15, 2001 12:16 PM
To:	Thibaut, Dan
Subject:	RE: Straddle Problem

34523

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Monday, October 15, 2001 9:07 AM
To:	Sweitzer, Tara
Subject:	RE: Straddle Problem

Tara,

What's your phone ext.?

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Monday, October 15, 2001 9:02 AM
To:	Thibaut, Dan
Cc:	Meredith, Kevin; Lozano, Melba
Subject:	RE: Straddle Problem

Dan,

I apologize for the problems you are still having.  I have talked to the product set-up group, within PCG, and they assured me that this would be set-up at the end of business today.  I will ask them to leave you a voice mail after they have made the appropriate changes.  Please call me if you have any questions.

Thanks TARA

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Monday, October 15, 2001 8:34 AM
To:	Sweitzer, Tara
Cc:	McLaughlin Jr., Errol
Subject:	RE: Straddle Problem

Tara,

It appears our EOL problem has not been resolved.  According to Larry, his straddle products are not being booked correctly in TAGG.  Specifically TAGG deal#Y99608.1 has only the call leg of the straddle.  Would you please check into this and let Larry or myself know what we can do to resolve this issue.

Thanks,

Dan

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Thursday, October 11, 2001 3:11 PM
To:	Thibaut, Dan; May, Larry
Cc:	Moorer, Torrey
Subject:	RE: Straddle Problem

Dan and Larry,

I wanted to let you know that we have found out what the problem was regarding these deals. Tonight we will create new products in order for these deals to bridge correctly tomorrow.   As a result, all straddle products should be captured correctly with two legs tomorrow.  I apologize fro the inconvenience.  Thanks TARA

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Thursday, October 11, 2001 1:49 PM
To:	Sweitzer, Tara
Cc:	McLaughlin Jr., Errol
Subject:	RE: Straddle Problem

Tara,

I have booked the deals correctly and reference the EOL ID's.  Additionally, deal confirms has done their thing and notified the c/p.  Please let me know if my trader, Larry May, or I need to do anything else to preempt this from happening in the future.

Thanks for your quick response to this problem.

Dan

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Thursday, October 11, 2001 1:05 PM
To:	Thibaut, Dan
Cc:	Moorer, Torrey
Subject:	RE: Straddle Problem

It will have to be someone from comformations.  We never interact with the customer.  Also, This fix will only affect deals on a go forward basis.  All the deals that have been booked incorrectly will need to be fixed by risk.  Myself, and Tagg IT are still working on the issue, and will be in contact with you as soon as it has bee fixed.  Thanks TARA

 -----Original Message-----
From: 	Thibaut, Dan
Sent:	Thursday, October 11, 2001 11:44 AM
To:	Sweitzer, Tara
Subject:	RE: Straddle Problem

Thanks.

Can someone let the C/P know that the deals are good?  Do y'all interface with C/P?  If not deal confirmations could but they need the deal details.

Please let me know,

Thanks,

Dan

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Thursday, October 11, 2001 11:23 AM
To:	May, Larry; Thibaut, Dan; Riordan, Sean; Cheung, Cecilia; Rivera, Oscar
Cc:	Moorer, Torrey
Subject:	Straddle Problem

Dan,

I wanted to let you know that we are working on the problem that we are having with the straddle deals being booked into Tagg. I also wanted to bring to your attention that these deals tested correctly in Tagg Stage, so we are trying to sort out what is happening in Production.  I am working with Tagg IT to resolve the issue.  I will keep you posted.  Thanks TARA


The Friday Burrito

" To succeed in politics, it is often necessary to rise above your
principles"

This is the last Burrito for the Year 2000.? I, like you, need some time off,
although I doubt that will happen.? Just take a quick look at the events of
the last three weeks.? Can you believe what we have been through?? From FERC
Orders, to emergency filings, to on-again, suspended, and then on-again rate
stabilization filings, data subpoenas, credit crunch, and don't forget some
wickedly high price spikes.

I have been unhappy with the public image our industry portrays.? I feel
there needs to be a stronger, more effective group public relations media
blitz that has yet to materialize.? I asked one journalist with whom I have
had several interviews, "When you write a column, who is your audience?"? She
said she writes as if she was explaining the matter to her mother.? It's an
old journalist's trick.

Amazed at the answer, I decided to call my mother, and ask her what she
thought about the whole electric situation.? After all, she qualifies as a
typical fixed-income California resident living in a retirement community in
Laguna Hills.? "Mom," I asked, "what do you make of the whole situation?"?
"Oh, I am disgusted," she chirped, "with that Supreme Court ruling.? That's
no democracy."? "No, not that situation, Mom," I said to calm her down, "but
the electricity restructuring thing." "Well," she sighed, "everyone is
worried about their electric bills.? How much are they going up? And, why
haven't you called me more often?? I could have died, and my children would
be the last to know?"? Every tag line has a message.

So there it is.? If you want a simple view that people understand, then there
it is.? People are worried about their electric bill.? The reasons for the
increase are of less concern, than how much their bills may go up.? All the
blather about forward contracts, alleged gouging, Stage 3 emergencies,
governance, jurisdiction, and FERC Orders is not on the minds of ordinary
California citizens.? They want to know how much more they are going to have
to pay.? And they are worried.

Focus, then, on how we, as an industry, will help.? We want to hold down
consumer electric bills in three different ways: by adding new generation, by
giving people more choice as to their energy provider, and by assuring there
is always a provider of last resort to keep the lights on.? From these three
simple principles, all else flows.? Give me some feedback, and let's see if
we can simply the message even more.? Less is more.

This week's holiday grab bag should be big enough to feed any appetite.

Things in the People's Republic of California
?@@@ Fellow Travelers on the Peace Train
?@@@ SCE's Bryson Rattles the Restructuring Cage
?@@@ Rate Relief Reviewed, Again

Things FERC and Federal
?@@@ Secretary Richardson Serves Smashed Salmon Pate
?@@@ WPTF Supports PX Emergency Filing

Mailbag

Odds and Ends (_!_)
?@@@ WPTF General Meeting Set for February 8 and 9 in Scottsdale, Az.
?@@@ Have a Smile
?@@@ The Toughest Interview Ever
====================================
Things in the People's Republic of California
?@@@ Fellow Travelers on the Peace Train

I want you folks throughout the Western Region to know that you have a
protector. Someone is watching out for your interests, and concerns.? His
name, amigos, is Senator Steve Peace.? Our Herr Peace wrote to FERC
Commissioner Hoecker on December 11 a letter that is suitable for plastic
covered place mats at your dining table,? You can guess why.? He heard about
the $5,000/MWH prices quoted for Mid-C on Monday.? He wrote:
? "Today, the LA Time reported that Kaiser Aluminum Corp., the second-largest
US aluminum maker, said it will shut its smelter in Mead, Wash., for about 10
months and lay off about 400 employees.? Kaiser said it had resold the
electricity it was to received this month from the BPA, netting proceeds of
$52 million, or nearly nine times the $5.9 million that the company has
earned so far this year."

I read this passage to the WPTF Board at our meeting in Phoenix.? Kent
Wheatland said, "That's the finest example of demand response I have ever
heard."? Indeed, Kent hit the nail on the head.? Why is the Peace-meister
decrying the very thing that we have been begging for?? The so-called
inelastic demand curve for electricity just got less steep.? But, never mind
that, read the next paragraph of Peace's letter.
? "It is clear that neither the prospect of post-October refunds ordered
under Section 206 ( will be adequate to discipline marketers' behavior.?
Marketers know full well that FERC simply doesn't have the resources to
police this wholesale market and that the odds are that they can act with
impunity.? Moreover, they know they have a fellow traveler in your colleague
Commissioner Hebert who sees the prospect of the lights going out in
California as a "vindication" of his positions on price caps rather than as
the public disaster such an event would be."Fellow traveler!?!? I didn't know
they let commies on the FERC.? All aboard on the Peace train.? I explained to
the WPTF Board that every passenger on the Peace Train would receive a
complimentary fellow-traveler luggage set with matching red-herring leather.?
In the luggage will be free gifts, essential for any fellow traveler such as
a "price cap" with earflaps, nose guard, and blinders to cover the eyes.? The
hear no evil, smell no evil, see no evil price cap is excellent for
California regulators who repeatedly request these odious price caps as the
blunt instrument of choice.? Caps come in a choice of hard metal, or soft
wool.

Another item in the fellow traveler goodie bag will be Peace's latest best
selling book, "How to win friends and influence policy makers," Devil Press,
348 pgs.? Along with the book and the cap, fellow travelers will find trading
beads suitable for exchange with natives of the Pacific Northwest. Give these
beads to power marketers as wampum for power imports into California.? What
fun, and they won't know the difference.? The full faith and credit of the
ISO control room college-bowl football pool back bead trading values.? This
year's pot is at an all-time high of $36.

Finally, the other freebee items in the travel kit include a signed copy of
Adam Smith's Communist Manifesto, a water-proof electric razor (I'm
especially keen for that), and the AB1890 Restructuring Map showing by color
code the jurisdictional boundaries of the different regulatory agencies.?
Yellow is reserved for the State of California, and it covers the entire
lower 48, the Province of British Columbia, and Cleveland, Ohio.

Things in the People's Republic of California
?@@@ SCE's Bryson Rattles the Restructuring Cage

Not to be outdone by Herr Peace, SCE (Sufferin' Chutzpah Edison) issued a
press release by its CEO, John Bryson, calling for dramatic reform of the
California electricity market.? I know this will shock you, but, now that SCE
has recovered most, but not all, of its stranded costs, they want to reverse
the engine of progress, and "re-regulate California's electric system."?
Guess how?? By allowing utilities to "once again be charged with the
responsibility to plan for, acquire and assure sufficient power to meet the
state's needs without the threat of interruption."? By charging cost-based
rates.? By protecting customers.? Hallelujah.

Let's talk about a few things, here.? First, let's discuss the credit issue
that is plaguing the Pacific Northwest power producers who are increasingly
unwilling to sell supplemental energy into California.? The last I checked,
most PNW producers paid their counterparties on a 30-day basis, but receive
the cash from ISO about 100 days after the trade day.? The PNW producers must
cover their "owed" position by borrowing funds, and at the prices posted in
the last two weeks, the credit limit has been reached.? Where is the security
for the payment?? It lies not with the ISO, but with the utilities who are
the major customers.? Therefore, if the utilities undercollect because frozen
rates are below wholesale prices, then the utilities accumulate a debt.? If
the debt continues unabated, then the credit rating companies downgrade the
UDC ratings.? That has occurred several times in the last few months.? If the
utilities claim bankruptcy, or refuse to pay the PX, then the PX can't pay
the ISO, the ISO can't pay the sellers, and the PNW sellers are kaput.

This is my long-winded way of saying that two entities still hold all the
cards, at least for now, in the region: SCE, and me-too PG&E.? They have the
leverage to bring the whole system to its knees.? Hark, recall that WPTF has
continually called for a breakup of the UDCs' default customer base for this
very reason.? We argued that two dominant buyers could extract monopsony
rents from sellers.? And here it is, big time.

What does Bryson have to lose by rattling the cage?? Nothing.? In fact, it is
so delicious to watch, for the umpteenth time, SCE exercise brute force when
they have an advantage.? You must respect that.? The golden rule aptly
applies.? Those who have the gold, make the rules.

Another aspect of Bryson's gambit is that he is playing a trump card on his
buddy, the Governor, who as of last week, through the PUC, suspended the
requests of Edison and PG&E for rate increases starting next January.? Davis
has painted himself into a corner, and is no match for the cunning of the
Sufferin' Chutzpah gang.? I predicted that Davis would stumble and fall on
electricity matters.? I didn't expect it to happen so soon.

Do you think the public will buy Bryson's argument?? To tell you the truth,
I'm not sure.

Things in the People's Republic of California
?@@@ Rate Relief Reviewed, Again

Well, in a complete reversal, the CPUC put back on the docket list the rate
stabilization plans for PG&E and Edison.? Last week, President Lynch
suspended both companies' applications, denying them the right to raise rates
subject to refund.? Now, this week, Lynch allowed for the rate stabilization
applications to be re-opened, and duly considered.

Next Tuesday I will be on the local San Francisco station, KQED (88.5 FM) to
debate the merits of electric competition with the likes of Lynch, and TURN's
Netie Hogue.? I did this last September on the same one-hour call-in show
that begins at 9 a.m..? I didn't know it was a call-in show until the callers
started firing crazy questions at the panelists.? If you are in the area,
then listen in, and better yet, call in.? Ask Ms. Lynch a few questions, will
you?

I listened to a taped interview Ms. Lynch did on another local station, KCBS
that aired last Sunday.? Here are some of her more memorable quotes:
? "There is plenty of power in California.? There is no shortage.? It is just
not being managed properly on a day to day basis. There are power plants that
should be available right now, but are not running."

"The State of California has 41,000 MW of power available at any hour."

"Plant unavailability is an artificial issue.? There is plenty [of power] if
they [power plants] run."

"The PUC is trying to figure out what is wrong.? The plant owners only give
the ISO one-word explanations such as 'boiler', or 'fire'.? We are sending
our inspection team in to better understand the problems."

"I won't speculate [as to price manipulation] but last summer we saw very
suspicious bids and offers."

"More power plants have been approved during the first two years of the Davis
administration than in all the years of the Wilson administration."

"This week the State stepped in to save the system by turning off lights and
computers."

"The ISO is governed by a board made up of individuals from the utilities and
the power sellers.? There is one consumer representative, and one
environmental representative."

"The San Diego economy couldn't stand the price volatility of last summer."

"The [former Governor Pete] Wilson administration created the wholesale power
market."

"The market design of the PX is counterintuitive.? It takes the highest price
bid and pays it to everyone.? So if you offer $50/MWH for a 100 MW, and
another person offers $100 for a 100 MW, then both parties get $100."

Things FERC and Federal
?@@@ Secretary Richardson Serves Smashed Salmon Pate

Mr. Richardson is the U.S. Secretary of Energy.? Most people don't know him,
nor have ever heard of him.? Last Wednesday, with only four weeks left in his
job, he decided to take a bold step.? He did something.? Richardson invoked a
rarely used authority in the Federal Power Act to require out-of-state
generators and marketers to sell into California upon demand.? The Section of
the statute cited had not been invoked since World War II.? If it was good
enough then, then it is good enough now.

Richardson also ordered BPA and WAPA to ship as much power to California as
possible.

In a way, the Order worked.? Because of credit issues, out-of-state parties
have been loath to violate their credit policies just to sell to California.?
Hence, the imports into California became scarce, and the ISO was teetering
on another Stage 3 Alert yesterday morning.? Because of the Order, BPA
started drafting from its hydro reserves, somewhere in the neighborhood of
1500 MW, and PowerEx delivered another 400 MW.? From where did this power
emanate?

Clearly, in the case of BPA, they are selling to California at the risk of
being unable to meet their own requirements later this year and next.? No
rain and cold weather could put BPA in a world of hurt.? Further, the
increased hydro spill may effect salmon.

I sent by e-mail to Mr. Richardson that included some wonderful recipes for
the damaged salmon. I mean, what do you do with tons of smashed salmon that
you would otherwise love to eat.? Pates, souffl,s, patties, chilled, ground
winter run, smashed spring run primavera, roasted, mashed fall run.? You name
it.? We can whip up a mess of smashed salmon for just about any occasion.?
And, the added benefit is that California gets to continue the holiday season
festively, with lights on, without interruption.

I was reminded of a letter written to the Burrito last year.? It was a phony
announcement that, in retrospect, wasn't far off.? Do you remember it?
? Exclusive: Christmas Lights Cause Crisis

Due to increased evening ramps caused by heavy Christmas light loads, the
California Independent System Operator (ISO) will begin running a series of
Public Service Announcements (PSAs) this week designed to lessen electricity
reliability concerns.? Because homeowners? tend to turn their Christmas
lights on at dusk, there is a surge of? electricity demand that can create
havoc on the balancing act between? generators and users of power. The ads
will request that homes with odd numbered addresses turn on their Holiday
lights between 5:00-5:30 pm and? even numbered homes between 5:30-6:00 pm.?
According to Kellan Flukiger, ISO Vice President of Operations, the rationing
is required to avert an electricity crisis: "We're seeing extreme ramps that
are causing demands on the grid, we'll use this voluntary process for now to
try and manage the problem."

The Author has learned, however, that the ISO intends to turn to a more
direct approach to control the problem after December 15th.? Tariff Amendment
73g, a little known document that to date has been? internal to the
California ISO, could have a major impact on the Holiday plans of
Californians.? The memo calls for some combination of a two-pronged attack to
keep Californians from all turning on their Christmas lights at the same time.

The biggest question, outside of the deliveries of BPA and PowerEx, is what
price is being paid for the power ordered by the California ISO. The Order
states that power will be sold to the ISO at a level that would ensure
generators receive a fair return.? What's that?? I know that some of the
Northwest power producers are sleeving their sales through credit-worthy
third parties.? But, other than that, I am not sure of the details.

Things FERC and Federal
?@@@ WPTF Supports PX Emergency Filing

The Power Exchange filed an emergency motion on Monday to keep alive its
energy markets in light of the emergency changes made by the ISO the previous
Friday.? The PX requested an emergency order from FERC removing the "hard
cap" on Adjustment Bids and replacing it with an energy price equivalent that
allows forward buyers and sellers to transact ahead of the ISO real-time
market.? Currently, the ISO hard caps the Adjustment Bids at $250/MWH, which
becomes the zonal price if congestion is present.? The mix of hard and soft
caps pushes more people into the real-time market, and wipes out much of the
supply that would otherwise show up in the forward markets.

The WPTF Board filed comments with FERC on Wednesday supporting the PX's
motion.? The ISO filed against the PX motion, and the ISO offered a plan of
their own.? Copies of our filing can be found, along with all our other FERC
and PUC filings on our web page.? If you don't have a password for our
website (wptf.org), then e-mail? charlotte@wptf.org and request such.? She
will be glad to assist you.

Mailbag

I received so many great e-mails, that I don't know where to begin.? It's
like opening presents.

Julie Blunden of Greenmountain Energy wrote to me in response to the "old
boys" club inherent in the utility industry. She said, "Gary, not only is
power no longer a boys' club, but as I continue to meet all of our new folks
in Austin, I think it's hysterical that I meet so many of them in the
women's' room.? What a difference 15 years makes.? We're all reading the
burrito voraciously these days - these are historic, and painful times."

Julie, I would like to meet as you do some of your colleagues in Austin.?
Julie's fellow traveler (careful), Rich Counihan, also wrote to me.? He said,
"I think your point, and Commissioner Hebert's on the importance of P.R. is
crucial.? As a result, the energy retailers have changed their name from
Alliance for Retail Markets (ARM) to Competitive Retail Energy for Consumers?
(CREC) and hired a P.R. firm in Sacramento to help get the message of
consumer choice out there."

Our best wishes to CREC, Rick.? We need your success.? Also writing to me
regarding the importance of PR was Tom Allen, VP of External Affairs at
Southern Energy.? Tom wrote, "Gary: I am new to this issue as an employee in
External Affairs, Southern Energy- West Region.? I am in transition to
California, and have been on the job about 2-3 weeks.? I could not agree with
you more regarding "where" this battle will be won or lost. Generators cannot
and will not be able to separate themselves from the consumer pain that was
felt in San Diego this past summer.? Consumers elect the Gov et al and their
"pulse" will dictate final direction in the political arena.? While we all
prepare for the legislative and regulatory battles, let's not forget that the
idea here was to provide consumer value over time.

"I think a "blanket" attack on consumer messaging is very possible.? The key
will be how coalitions (formal or informal) decide to come together to fund
such an initiative.

"Being a transplant to the issue and somewhat of an outsider, here are some
messages that must articulated clearly with some sort of definitive
documentation (beyond our opinion.... meaning we need to pay for it
somewhere) :

"1 - The "value" of competition to the consumer.? Why go forward?? What's in
it for me?

"2 - The true effects / cost (negative value) for going back to cost-based
approach.? Let's live in lifelong subsidy.

"3 - The issue is bigger than energy.? The investment world is watching.? Is
California a good place for business to do business?

"I agree with the P/R blitz.? I think there needs to be back-up when
challenged.? What California institution could provide such in a very short
time frame?"

Thank you, Tom, for sharing your thoughts, and welcome to the club.? Finally,
from new GM at the City of Anaheim and formerly of LADWP, Marcie Edwards
wrote, "Gary;? Well, Monday is my last day at LA.? I have learned a lot from
the Burritos; we'll see if the company can learn to appreciate its rather
piquant flavor without me here to say, "Hey, it tastes just like Chicken!"

Best of luck to you, Marcie.? Thank God Almighty, you are free at last, free
at last.

Odds and Ends (_!_)
?@@@ WPTF General Meeting Set for February 8 and 9 in Scottsdale, Az.

It is not too soon to start planning for our February event.? The next WPTF
General Meeting will be held on February 8 and 9 at the Marriott Resort in
Old Town Scottsdale, Arizona. Their phone number is 1-800-835-6205 or
480-945-1550.

We have blocked 26 rooms for February 8, and the price is $229.00 per suite.?
All these rooms are on a first-come basis and seeing that the area is so
popular at this time of year, we cannot secure any more rooms at this
location. The Hotel wants all reservations made ON OR BEFORE January 9,
2001.? Please remember this area is extremely hard to locate space at this
time of year for a reasonable rate.

Air transportation into Phoenix is available from all major airlines and the
Hotel is located only 15 minutes from the Sky Harbor International Airport.?
Transportation costs $10. -$20., utilizing SuperShuttle or taxis.

On Thursday, February 8, WPTF members will congregate for a members-only
meeting.? That will begin at 3:30 p.m. and conclude at 5:00 p.m.? A no-host
dinner reception ($45/person) will be held from 7 p.m. to 9 p.m.? Reservation
for the dinner must be made with our event coordinator, Barb Ennis, at e-mail
address baennis@earthlink.net.

On Friday, our General Meeting will begin at 9:00 a.m. and end at noon. Our
guests speakers will include John Underhill of Salt River Project who will
brief us on Desert STAR and AISA matters; Scott Miller of FERC who co-lead
the FERC study on California,s power markets, and Kennedy School lecturer
Philip Sharp (invited) who will discuss likely national energy policies.?
Lunch will be provided by WPTF

Odds and Ends (_!_)
?@@@ Have a Smile

In olden times, it could be decades before major events were cast in verse.
But The Great 2000 Election Controversy is so big that a bunch of all-star
poets have come out of retirement to quickly set the story to rhyme.

?For starters, history buff Henry Wadsworth Longfellow:

Listen, my children, don't dare ignore,
The midnight actions of Bush and Gore
In early November, the year ought-ought,
Hard to believe the mess they wrought.
Two billion bucks of campaign bounty
All came down to Palm Beach County.
What result could have been horrider
Than the situation we found in Florider?

Edgar Allen Poe is his usual gloomy self:

Once upon a campaign dreary,
one which left us weak and weary
O'er many a quaint and curious promise of political lore
While we nodded, nearly napping,
suddenly there came a yapping,
As of some votes overlapping, energy-zapping to the core

'Tis a mess here," we all muttered,
as the network anchors stuttered,
Stuttered over Bush and Gore.
Could there be another election with such a case of misdirection,
One with such a weak selection,
yet fraught with tension to the core?

Quoth the ravers, "Nevermore."

Britain's Edward Lear's limerick is lighter:

There once was a U.S. election
That called for some expert detection -
How thousands of pollers
Could become two-holers
Like outhouses of recollection.

Ditto Ogden Nash:

I regret to admit that all my knowledge is What I learned at Electoral
Colleges,
So tell me please, though! I hate to troubya,
Will the winner be Al, or will it be Dubya?

Joyce Kilmer's a media analyst:
I thought that I would never see
The networks all so up a tree.

Walt Whitman is lyrical, as always:

Oh Captain! My Captain!
our fearful trip's not done
The ship has weather'd every rock, but
nobody knows who's won.

Alfred Noyes rhythmically rumbles:

And still of an autumn night they say,
with the White House on the line,
When the campaign's a ghostly galleon
and both candidates cry, "'Tis mine!"

When the road is a ribbon of ballots, all within easy reach,
A highwayman comes riding,
Riding,
Riding,
A highwayman comes riding, and punches two holes in each.

Dr. Seuss takes a look at election officials:

I cannot count them in a box
I cannot count them with a fox
I cannot count them by computer
I will not with a Roto-Rooter
I cannot count them card-by-card
I will not 'cause it's way too hard

I cannot count them on my fingers
I will not while suspicion lingers.
I'll leave the country in a jam -
I can't count ballots, Sam-I-Am.

Clement Moore adopts a holiday theme:
'Twas the month before Christmas, when all through the courts,
All the plaintiffs made stirring bad ballot reports.

Which leaves the problem:
Perhaps the best way to stop complaints raucous
Is to start over again, with the Iowa caucuses.

??? Odds and Ends (_!_)
?@@@ The Toughest Interview Ever

The nights I drive my son to hockey practice, especially in winter, are
silent.? It's dark, the weather is cold, and we each drift into our own
thoughts.? He listens to the rock station of his choice on the way to
practice.? I get my choice of station, usually jazz or classical,? on the way
home.? We both have agreed to set the volume in either travel direction at a
tolerable level, four ticks on the analogue scale.? Last night the silence
was suddenly broken.

"Okay," he said as we started the thirty-minute ride to his practice, "this
is boring. We're going to have a conversation."? "What do you want to talk
about," I asked somewhat startled?? He said he would ask me some questions.?
"Gary," he asked, always addressing me in the familiar, "what was your
favorite thing to do when you were a kid."? I was struck dumb.? I didn't know
how to answer the question because I was afraid that whatever I selected, he
would say, "BORING."? So, I drifted a bit in my answer.? I was very
tentative.? I started with my high school years, and what I liked, and who I
hung around with.? I then spoke about younger days when I was my son's age,
13, and then continued into my elementary school experiences.? He listened to
every word, and asked more questions.? What were my brothers like, which one
of my brothers was I close to, why did I look forward to going to high
school, what instrument did I play in the band, and on and on.? We didn't
stop until we reached the ice rink.

I had butterflies in my stomach.? Picture this.? I have suddenly found my
professional life awash with newspaper interviews, TV interviews, microphones
stuck in my face, and audiences asking me dozens of tough questions.? The
more of that I do, the more comfortable it becomes.? Compare that with my
fear of answering these simple questions posed to me by my son about my
life.? Would I be judged harshly?? Would my answers disappoint him?? Every
Dad wants to be a superstar to his son.

I guess I passed, and I am thankful for the experience.? I'll probably
treasure that conversation for a lifetime, not knowing why.? When you think
about, I received the most precious gift a son can give a father.

Well, on that note, I will wish each and every one of you a happy holiday
season, whether you celebrate Chanukah or Christmas, or both, as we do.? It
has been a privilege to write these Burritos for you.? I cherish your kind
comments to me about our weekly get togethers.? I look forward to serving you
next year in good health, and with less stress.? I'm looking for a quite
time, maybe in April or May, when we can look back at the last few weeks, and
wonder how did we ever get through it all?

Have a great holiday.

gba
?


---------------------- Forwarded by David W Delainey/HOU/ECT on 08/25/2000
12:53 PM ---------------------------

	Enron de Mexico

	From:  Max Yzaguirre @ ENRON                           08/21/2000 09:40 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Memo on Vitro Project

Dave:

FYI, I got this from Dick.  Just want to confirm that it's consistent with
your recollection.

Best regards - Max

---------------------- Forwarded by Max Yzaguirre/NA/Enron on 08/21/2000
09:40 AM ---------------------------

	Dick Westfahl @ ENRON_DEVELOPMENT
	08/21/2000 09:02 AM

To: Max Yzaguirre/NA/Enron@ENRON
cc:
Subject: Memo on Vitro Project

Max:

See attached memo on the above referenced project.

Dick


There are no riders.  Elizabeth or Janice may be able to help you with muni
language.  I will ask Sharen on Monday (confirm queen) if she is aware of any
muni language that she has used in the past.

Kay Mann@ENRON
04/27/2001 04:24 PM
To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Re: Long form

Many thanks.  Pardon my ignorance, but is there a list of riders to select
from? The transaction that we are contemplating is with a municipality, so we
need some muny language if such thing exists.

Thanks,

Kay


What cha' doin'??  You not emailing me.  I want to hear from you POOH.  POOH
POOH NANNY.


At the request of Marguerite Kahn, attached is the Assignment and Assumption
Agreement marked to reflect her comments.

 <<blackiline - Assignment and Assumption.DOC>>  <<Assignment and Assumption
Agreement.DOC>>

"paulhastings.com" made the following annotations on 04/13/01 22:57:54
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[IMAGE][IMAGE]

Dear  Amazon Customer,

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Please note  this e-mail was sent to the following address:
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Murray would like everyone to plan to get an early start on the Memorial Day weekend !!

A pizza lunch will be provided to the floor at 12:00 noon on Friday.    Plan to enjoy lunch and then head home to enjoy the holiday.

HAPPY MEMORIAL DAY !!

(For those people who submit timesheets to Murray, please have them in by Thursday afternoon.)


W E D N E S D A Y   M O R N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

CDCD   FREE: NetFutures' exclusive eStarter Kit CD-ROM
CDCD   http://www.ino.com/specials/netfutures/

Andrew,

KEY EVENTS TO WATCH FOR:

9:00 AM ET. Redbook weekly survey of US retail sales (Previous week:
+1.3%)

9:00 AM ET. Bank of Tokyo-Mitsubishi weekly US chain store sales
(Previous week: +0.5%)

12:30 PM ET. Treasury releases results of $20 billion, 14-day cash
management bill auction.

1:00 PM ET. Federal Reserve Bank of Dallas President Robert McTeer
speaks on the economy to the Frost Bank.

1:30 PM ET. Treasury releases results of $10 billion , 2-year note
auction.

6:30 PM ET. ABC/Money Magazine releases consumer confidence polls.

KEY HEADLINES:

US May consumer confidence at 115.5 verses April's revised at 109.9.

US consumer confidence rebounds unexpectedly.

US consumer spending picks up, but income growth slows.

US personal incomes rose 0.3% in April, consumer spending up 0.4%.

Bank of Canada cuts rates by another quarter point.

Bush asks $150 million from Congress for low income energy aid.

The STOCK INDEXES & MARKETS

The NASDAQ and S&P 500 were lower overnight as selling pressure
continues due to weakness in technology stocks. Both the Nasdaq and
June S&P 500 have broken out below this spring's uptrend lines
thereby increasing the odds that short-term tops have been posted.
Momentum indicators have also turned bearish warning traders and
investors alike that additional weakness into early-June appears
likely. Meanwhile, the Dow closed modestly higher on Tuesday due to
light short covering ahead of the close. Nevertheless, the recent
breakout below this spring's uptrend line that crosses near 11,100
signaled that a top has been posted. If the decline off last week's
high continues, May's reaction low crossing at 10,774.10 is the Dow's
next target.

European markets were lower in overnight trading due to spillover
pressure from Tuesday's poor performance on Wall Street and ongoing
weakness in the euro. The UK FTSE-100 was down 53.90 points at
5810.00 while the German DAX-30 was down 43.98 points at 6067.35 as
of 11:00 BST.

The Nikkei closed sharply lower overnight as it broke out below May's
reaction low crossing at 13,694 to renew its decline off May's high.
The door is open for additional weakness with the 38% retracement
level of this spring's rally crossing at 13,363 being the next likely
downside target later this spring. Momentum indicators remain bearish
signaling that additional weakness near-term is possible. The
overnight sell off was triggered by a downgrade of high-tech stocks
by analysts. The Nikkei closed down 2% or 280.54 points to 13,493.35.

INTEREST RATES

June bonds opened higher overnight as they consolidated some of
Tuesday's losses. June bonds may continue to drift sideways ahead of
Friday's employment report amidst a lack of fresh economic news to
trade off of. Nevertheless, momentum indicators remain bearish
warning traders that a test of May's reaction low crossing at 98-24
is still a potential target later this spring. If this support level
gives way, weekly fib support crossing at 98-07 is a target.

The German bond market or Bunds were lower overnight in response to
the latest money supply figures for the euro-zone. The annual rate of
M3 growth in April was 4.7% compared with 4.6% in March. The June
Bunds were last down 0.07 at 106.15.

Japanese government bond markets were slightly higher overnight but
remains locked within a narrow trading range. Light support came from
weakness in the Nikkei. The lead June 10-year JGB futures closed at
140.19 yen, up 0.11 while the yield on the benchmark No. 231 June
10-year cash bond stood at 1.280%, unchanged as of 1520 JT.

The ENERGY MARKETS were mostly higher in overnight trading due to
light short covering as the products consolidated some of Tuesday's
losses. Additional support came from concerns over Iraq's threats to
curtail oil exports. This week's API inventory data review is as
follows. Crude oil and unleaded gasoline stocks are expected to have
risen 1.2 million barrels last week, while distillate stocks are
anticipated to have climbed 0.6 million barrels. Refinery operations
are seen unchanged to up 0.55 percentage points of capacity.

July crude oil was higher overnight as it continues to rebound off
last Friday's low on Iraq output concerns. However, July continues to
consolidate below broken trendline support crossing near 29.25. It
would take multiple closes above this broken support level to temper
the near-term bearish outlook in July crude. Until then, the rebound
appears to be corrective as the door has been open for sideways to
lower prices into early-June. Momentum indicators are bearish
signaling that sideways to lower prices are possible. If July's
decline resumes, the reaction lows at 28.03 then 27.25 are July's
next targets.

July heating oil was higher overnight as it is working on an inside
day to consolidate some of Tuesday's loss. A higher close during the
day session would leave Tuesday's key reversal down unconfirmed. If
the decline continues, a test of this spring's uptrend line crossing
near 77.30 is July's next target. Multiple closes below this uptrend
line are needed to confirm a top and trend change has taken place.
Momentum indicators are bearish warning bulls that additional
weakness is possible.

July unleaded gas is working on an inside day in overnight trading
due to light short covering. Nevertheless, the setback from last
week's high has turned momentum indicators bearish signaling that
additional weakness into early-June is possible. If the decline
continues, trendline support crossing near 93.25 is July's next
target.

July Henry Hub natural gas was lower overnight as it extends this
spring's decline. Tuesday's breakout below last October's low
crossing at 3.86 has opened the door for a possible test of fib
support crossing at 3.64 later this spring. The daily ADX (a
trend-following indicator) remains in a bearish modes signaling that
additional weakness near-term is possible. However, momentum
indicators have become extremely oversold warning bears to use
caution as a low might be near.

CURRENCIES

The June Euro was lower overnight but is working on an inside day as
it consolidates above last November's low crossing at 84.73. If the
decline resumes, a test of last October's lows crossing at 83.53 is
possible later this spring. The daily ADX (a trend-following
indicator) has entered a bearish trend mode signaling that sideways
to lower prices are possible into early- June.

The June British Pound was slightly lower, overnight as it
consolidates some of Tuesday's gains. Momentum indicators are turning
neutral to bullish following the rebound off last week's low, which
suggests that a broad double bottom might be in place. Nevertheless,
multiple closes below trading range support crossing at 1.4112 would
open the door for a possible test of last fall's low at 1.4052 later
this spring.

The June Swiss Franc was lower in overnight trading as it is working
on an inside day. June continues to consolidate above the contract
low crossing at .5603. Multiple closes below this support level would
renew this spring's decline while opening the door for a possible
test of weekly support crossing at .5488 later this year. Momentum
indicators are bearish but becoming oversold warning traders to use
caution as a broad double bottom might be forming.

The June Canadian Dollar was lower overnight due to light profit
taking and may be forming a possible downside reversal. However, it
will take multiple closes above .6548 or below .6425 to clear up
near-term direction in the market. Momentum indicators are turning
neutral to bullish hinting that a minor low might be in or near.

The June Japanese Yen was lower in narrow trading overnight but
remains below trading range resistance that crosses at .8339. Closes
above.8433 are needed to confirm an upside breakout of this spring's
trading range. Momentum indicators are bullish signaling that
additional gains near-term are possible.

PRECIOUS METALS

August comex gold was lower overnight as it extends its decline off
last week's spike high due to long-liquidation. Stochastics and RSI
are bearish signaling that additional weakness into June is likely.
This week's breakout below broken resistance crossing at 276.20 has
opened the door for a test of trendline support crossing near 271.70
later this spring.

July silver was lower overnight and is below trading range resistance
crossing at 4.525. Multiple closes below 4.525 would signal that
May's short covering rally has likely come to an end. Momentum
indicators are turning neutral to bearish hinting that a short-term
top has likely been posted.

July copper was slightly higher overnight due to light short covering
following Tuesday's sharp decline. Upside potential during the day
session appears limited as the tone of the market has turned
decidedly bearish following Tuesday's sell-off. Momentum indicators
are turning bearish signaling that sideways to lower prices into
early-June appears likely. If the decline continues, May's low at
74.75 is July's next target.

GRAINS

July corn was steady overnight as it consolidates below weekly
support crossing at 1.91 1/2. Multiple closes below this key support
level are needed to confirm a breakout thereby opening the door for a
possible test of last summer's low crossing at 1.74 1/2 later this
year. Tuesday's planting intentions report showed that 95% of this
year's corn crop is in the ground compared with the five-year average
of 92%. The crop conditions report showed that 80% of the corn has
emerged with 5% poor, 25% fair, and 70% good- excellent. Yesterday's
export inspection report came in at 32.383 million bushels, which was
above the previous week's level but is still below the pace needed to
meet the latest USDA export projection. Traders are now looking for
the USDA to lower its export projection in the June supply/demand
report, which would only add to the bearish carryout level for
2001-02. Early calls are for July corn to open steady this morning.

July wheat was higher in overnight trading as last week's cool-wet
conditions have improved winter wheat conditions slightly. However,
the latest export inspection report continued to show slow export
demand, which have off set supply concerns this spring. It would take
multiple closes above broken support crossing at 2.65 to temper the
near term bearish outlook in July wheat. Until then, the door remains
open for a test of weekly gap support crossing at 2.56 then the
long-term pivot level at 2.50 later this spring. Early calls are for
July wheat to open 2 to 2 3/4 cents higher this morning.

SOYBEAN COMPEX

July soybeans were fractionally higher in overnight trading due to
short covering following Tuesday's breakout below this spring's
uptrend line. The latest planting progress report showed that 70% of
the bean crop has been planted, which is 6 points above the five-year
average. While a short covering bounce is possible during the day
session on Wednesday, odds now appears as though last Friday's high
marked a double top on the daily chart. Momentum indicators are
turning bearish from overbought positions signaling that sideways to
lower prices into early-June appear likely. Early calls are for July
soybeans to open steady to a 1/4 of a cent higher this morning.

July soybean meal was higher overnight due to short covering
following Tuesday's trendline breakout. Multiple closes below
trendline support crossing near 162.60 are needed to confirm this
week's breakout. At the same time, momentum indicators are turning
bearish from overbought conditions thereby increasing the odds that a
short-term top has likely been posted. Early calls are for July
soybean meal to open 20 to 50-cents higher this morning.

LIVESTOCK

June hogs closed sharply higher on Tuesday following last Friday's
announcement by the USDA that the government was easing its ban on
livestock and uncooked meat from the EU. Today's rally strongly
suggests that last week's lows marked a double bottom with the
early-May lows, which coincided with the 38% retracement level of the
2000-01 rally. Momentum indicators are turning neutral to bullish
with today's rally signaling that sideways to higher prices into
early-June are possible.

August cattle closed higher on Tuesday and above the 75% retracement
level of this year's decline crossing at 73.83. Today's rally renewed
May's advance while opening the door for a likely test of January's
high crossing at 75.00 later this spring. Momentum indicators have
become overbought but remain bullish signaling that additional gains
near-term are possible.

FOOD & FIBER July coffee posted an inside day with a slightly lower
close as it consolidated some of last Friday's losses. The door
remains open for a test of April's low crossing at 58.80. Closes
below this support level would renew this year's decline and set the
stage for a possible test of long-term support crossing at 51.70
later this year.

July cocoa closed lower on Tuesday following last Friday's gap down,
which signaled that a broad double top has been posted. Momentum
indicators have turned bearish signaling that additional weakness
into early-June is likely. I would not be surprised to see a short
covering bounce on Wednesday as July might try and consolidate some
of its recent losses.

July sugar closed sharply lower on Tuesday and below trading range
support crossing at 879. Multiple closes below 879 are needed to
confirm today's breakout and trend change. Stochastics and RSI are
bearish signaling that sideways to lower prices near-term are
possible. I would not be surprised to see a short covering bounce on
Wednesday as July might try and test broken support before extending
its decline.

July cotton posted an upside reversal on Tuesday due to light short
covering. Early session weakness led to a spike below psychological
support crossing at 40-cents. Multiple closes below the 40-cent
support level could lead to an eventual test of the 1986 low crossing
at 29.50 cents. If last Friday's gap crossing at 42.15 is filled this
week, it would increase the odds that the gap was an exhaustion gap,
which is associated with a market that is bottoming.
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Short Term Cali is short NP and long SP for HE 1-7, 23 and 24 tomorrow
(03/07).  Please look in ECTSTCali to check theshort amounts in PGE2 and PGE
3, length is in SCE1 and SDGE1 under ECTSTCali and EES 2.  Please do the
ST-Cali deals under the ST-Cali book.  We will split ST-Cali profits in SP
50/50 over $150.  Any EES2 sale are still $5(deals under ST-Whourly).  In the
North we will just buy for ST-Cali to help them cover their short (again
deals under ST-Cali).  IF you have any questions please call.
Bill


This is an example of why we'd like someone from Legal to attend the GCP meeting on Monday.  Is anyone planning to attend from the financials group?

Thanks,
SBR x30569
-----Original Message-----
From: Landau, Georgi
Sent: Friday, October 05, 2001 4:17 PM
To: Bailey, Susan; Boyd, Samantha; Heard, Marie; Jones, Tana; Panus, Stephanie
Cc: Richardson, Stacey
Subject: BERCO RESOURCES INC.

Berco Resources Inc, K#96000645, CP ID #26557.

The Counterparty system indicates that this counterparty was suspended on 3/15/01.  Cheryl Johnson's (Counterparty Group) comments state:

"Spoke to Bill Bergner who states that he has sent documentation to legal regarding the conversion.  He said they did business under a group of different entities other than "Inc."  In Jan. '99, they combined those entities to form the LLC, so it wasn't a simple conversion per se.  He also stated that this entity should be deleted (inactivated), as there will be no business conducted in that name.  This record will be suspended pending inactivation."

Does anyone in legal know anything about this because we do have an active contract in the contract system?

This is part of the contract audit I've been working on.

Thanks, - g

Georgi Landau
Enron Net Works
(Ph) 713/345-4435
(Fx)  713/646-2495


Hi Folks,

Real quick:   New York Jets WR Wayne Chrebet will miss this week's game as
he's recovering from his concussion.   Most indications are that he'll be
able to go next week.   WR Matthew Hatchette will become the other WR
opposite Laveranues Coles and should do well.   Hatchette's been looking for
an opportunity and this could well be it.

More as we hear it.

Joe

Thanks to Footballguy Kelly Carlton for pointing me to this one.

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

Bryant Analytics, Inc.   All Rights Reserved 1999-2001

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This message is intended for eHRonline users only.

Due to a recent change to eHRonline, the URL (aka "Web address") for
accessing eHRonline needs to be changed on your computer.  The change
involves adding the letter "s" to the "http" reference in the URL.  The URL
for accessing eHRonline should be:   https://eHRonline.enron.com.

This change should be made by those who have added the URL as a favorite on
the browser.


Good morning, how are you?  Quite a change huh?  I like it here.  The only problem is the heat from the monitors.  The heat, My god the heat (a Seinfeld episode).  Anyway, I like it over here.  Really nice.

How do you like you new space?  is it okay?  I like being able to peak over and see you.  The table has turned.  You have to get up and look back to see me now.  Ha.

I bought you something small this weekend.  I will give it to you later.  It is nothing that important but I thought it was cute.

Oh well, I guess I better work.

Have a great day and I hope to talk to you later.

John


Mark

This is the note I prepared for external counsel regarding the proposed new
third party prices functionality for EOL .  Hope this accords with your
understanding.  Incidentally, on what basis did we get round the CFTC
rules..?..this might help me in any discussions with the SFA, given that it
does raise regulatory issues

Hope all's well with you...

Justin


I just heard that there is a farewell party for Rainer on Friday afternoon -
don't know any details.


Do you have time?  I have to call to see if it is ready.  I thank you for the offer.  I might take you up on it.

Did you listen to the CD?  Did you like it?  I saw them in concert in 92 at Fitzgeralds.  I stayed after the show and talked to them.  I was a big fan at the time.  I also saw them a couple of times at Numbers.  Have you ever been to Numbers?

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Tuesday, October 23, 2001 11:57 AM
To:	Griffith, John
Subject:	RE:

i am coming back to work.   do you need me to take you to pick up your car?

 -----Original Message-----
From: 	Griffith, John
Sent:	Tuesday, October 23, 2001 11:56 AM
To:	Villarreal, Alexandra
Subject:	RE:

Are you coming back to work?  Or are you going home?

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Tuesday, October 23, 2001 11:14 AM
To:	Griffith, John
Subject:	RE:

i miss you more and more each day.  have to leave at 3 to go and look at an apt that i saw in montrose area.  small apt complex.  we'll see how that turns out.

i dont think my band is playing this friday after all.  i think one of our members was not going to be in town so i think they booked someone else.

 -----Original Message-----
From: 	Griffith, John
Sent:	Tuesday, October 23, 2001 11:05 AM
To:	Villarreal, Alexandra
Subject:

 Hey what is going on over there?  You look wonderful today (as usual).  Are you having a good day?  Thanks for the ride yesterday.  I know it was out of your way.  I enjoyed riding and talking to you.  I hope you did the same.


I have been told this counterparty has scheduled some maintenance for March
22nd through March 23rd or 24th.

 HPL  is selling them 2.0/day ; Sitara #: 92794.  The 2.0/d is the only
activity at the meter.

 Please advise.


Confidential Settlement Document
  CPUC Rule 51

ALL PARTIES:

Thanks to the many parties who attended our Gas Accord II kick-off meeting
on September 14.  We thought it was a good start toward a collaborative
settlement process.  This e-mail summarizes the next steps identified at the
meeting.

First, the list of the issues identified by the parties is being sent by a
separate e-mail transmittal today to those parties who have agreed to abide
by Rule 51.  We are continuing to assemble the issues list, and would like
any more issues that parties wish to raise sent to us by this Friday,
September 22.  This is not to limit issues, but rather to build our workshop
presentations and discussions, and ultimately our settlement proposal.  If
you are not on the Rule 51 list and wish to be added, please complete the
Mailing List Information form below.  Also attached is a copy of CPUC Rule
51.

Second, attached is an updated schedule for the Gas Accord II workshops.
Please note, the November workshop has been moved to November 7-8 (which is
Tuesday and Wednesday), instead of the week following as we had originally
proposed.  We request that you please hold the attached dates on your
calendars if you plan to be active in the settlement discussions.

Based on the issues list, we suggest the following topics for the first
three workshops:

* September 27:  Reliability, for both facilities and supply.
* October 11-12:  Market, cost and rate data.
* November 8-9:  Market operations, including core issues, balancing,
open season rules, and information disclosure.

Please let us know if this workshop plan does not work for you.

Third, PG&E will provide a basic set of market data and preliminary cost
data to all of the Rule 51 parties in advance of the October 11-12 Workshop.
This will help parties to identify and analyze their issues.  After seeing
this data, to the extent there are other information requests, please send
them to Frank Lindh (e-mail to frl3@pge.com or Fax to 415-973-5520).

Again thank you for your participation in the Gas Accord II Settlement
Process.  We look forward to our upcoming workshops and discussions.  Please
feel free to call us if you have questions.

Frank Lindh    Ray Williams
415-973-2776    415-973-3634
frl3@pge.com    rdw0@pge.com

Attachments

 <<Mailing List Information>>  <<CPUC Rule 51>>  <<Gas Accord II Settlement
Schedule>>

 - Mailing List Information.doc
 - CPUC Rule 51.doc
 - Gas Accord II Settlement Schedule.doc


I was wondering if the Bammel lease to AEP contains any operating parameters to protect the integrity of the facility.  The question arises from the fact that Bammel  had about 24 BCF of remaining capacity when Enron turned the facility over to AEP.  We believe their plan is to max inject in June which would reduce the remaining capacity to around 12 BCF.  It could become a challenge to keep injections under the remaining 12 BCF level during the reaming 4-5 months of the injection cycle.  Enron always operated the facility with the understanding that a Gas In Place volume greater than 117.5 BCF could create a high enough pressure to jeopardize the safety of the wellhead casings and some of the abandoned wells.  We would not want the Texas RRC to question the safety of the Bammel facility.  From the other end of the perspective if the Gas In Place is taken below 65 BCF their is a high probability of watering out the outer wells and the facility itself.


Kimberly -

Check this out:

http://www.lascruces.org/

Tell me what flight we're on...


John:

Attached please find the corrected preliminary west and Canada VaR report as of 5-22-01.  We revised the report because we had to re-calculate our position due to late deal entries.  Please let me know if you have any questions.

Thanks,
Fran
503.464.7973

 -----Original Message-----
From: 	Chang, Fang
Sent:	Tuesday, May 22, 2001 7:09 PM
To:	Lavorato, John
Subject:	preliminary west and canada VaR report 05-22-01

John:

Please let me know if you have any questions.

Thanks,
Fran
503.464.7973


Attached please find drafts of the Enron Corp. Guaranty Termination Agreement
and the Burlington Resources Termination Agreement.

Please feel free to call me at (713) 220-4427 if you have any questions or
comments or if I can be of further assistance.

S.B.

 - Guaranty.DOC
 - Guaranty.DOC


Seasons Greetings!

You are Invited to Attend A Holiday Lunch

Date:  Wednesday, December 13, 2000

Time:  11:45am (Let the Celebration Begin!)

Location: Brennan's Restaurant

Please mark your calendars for this joyous occasion.  If you are unable to
attend, please let me know so that I may have a firm count for our
reservations.

HAPPY HOLIDAYS


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

December 08, 2000 5:00pm through December 11, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

EI:   SEE ORIGINAL REPORT

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:   SEE ORIGINAL REPORT

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: HR   SEE ORIGINAL REPORT

OTHER SYSTEMS: UNIX     SEE ORIGINAL REPORT

OTHER SYSTEMS: REMEDY
Impact:  CORP
Time:  Fri 12/8/2000 at  5:00:00 PM CT thru Fri 12/8/2000 at  5:15:00 PM CT
 Fri 12/8/2000 at  3:00:00 PM PT thru Fri 12/8/2000 at  3:15:00 PM PT
 Fri 12/8/2000 at  11:00:00 PM London thru Fri 12/8/2000 at  11:15:00 PM
London
Outage:  RmailSniffer
Environments Impacted:  All
Purpose: Review of Mail logs has shown that between 7:00 p.m. and 9:00 p.m.
50% of mail messages fail.  The update will copy failed messages to another
directory for an admin to process.
Backout: Reset RmailSniffer service to original settings.
Contact(s):  Carlos Perez    713-345-708
  Christian Smerz   713-345-7410

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY:   SEE ORIGINAL REPORT

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]


-----Original Message-----
From: 	Joslyn, Kate
Sent:	Wednesday, May 02, 2001 11:45 AM
To:	Williams, Jason
Cc:	Powell, Mark
Subject:	Boardwalk - Credit Terms

Jai

Boardwalk have requested that we modify the CREDIT ANNEX for the financial swap.  They are requesting that the material adverse change in point (i) is changed from 4.0 to 1.0 to 5.0 to 1.0.  The rational for this request is that it would be consistent with their mortage policy.  They obtain finance from the Canadian Mortage Housing Corporation.  Boardwalk are able to borrow up to 85% of the value of the property.

"Material Adverse Change" means (a) with respect to Counterparty, it shall have any of the following occur at any time:  (i) the ratio of its Funded Debt to Net Worth is more than 4.0 to 1.0, or (ii) its Net Worth falls below Cdn. $250 million, or (iii) the ratio of EBITDA to Interest Charges is less than 2.0 to 1.0.; or (b) with respect to ECC, Enron Corp.'s Credit Rating is below "BBB-" by S&P.

Secondly:
They want the ratio of EBITDA to Interest Charges changed to 1.15 to 1.0 and it to be reviewed on an annual basis.  Again to be consistent with how they run their business.  Boardwalk's current ratio is 1.97 to 1.0 so the 2.0 to 1.0 is a problem for them.

Please get back to me ASAP.

Thanks

Kate


Bob,
I've just now had time to add some comments to your summary.   My comments
are in the attachment which encorporates your work.

Greg

Bob Lee@ENRON
16/10/2000 14.47
To: Gregory P Smith/HOU/ECT@ECT, Richard Reichardt/Enron Communications@Enron
Communications, Vince J Kaminski/HOU/ECT@ECT
cc: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT
Subject: Seismic Data via satellite

I have attached a background piece to brief oil traders on this subject prior
to a possible meeting with them.

Please give me any comments on 1) accuracy  2) completeness and 3) coverage
of the areas we want to explore.

As a side note, I found some info on the web stating current proven oil
reserves are 1,000 billion bbls.  Discovery of a 1 billion bbl field would
add only 0.1 %.  While we will pursue the trading advantage option, it is not
looking promising that it has great short term value, given the long time
frame and high cost of bringing deep water reserves to market.

Bob Lee


Hello,

I would like to be included on the distribution list to recieve this email.  My email address is mailto: holden.salisbury@enron.com.  My phone number is 503/464-3910.  Please let me know if you need any more information.

Thank You,
Holden

---------------------- Forwarded by Holden Salisbury/PDX/ECT on 05/02/2001 03:10 PM ---------------------------

Mark Fischer
05/01/2001 01:53 PM
To:	Holden Salisbury/PDX/ECT@ECT
cc:

Subject:	CANCEL No Touch Day Notice

---------------------- Forwarded by Mark Fischer/PDX/ECT on 05/01/2001 02:01 PM ---------------------------

awe@caiso.com on 04/30/2001 09:59:43 PM
To:	awe@caiso.com
cc:

Subject:	CANCEL No Touch Day Notice

        NO TOUCH DAY CANCELLATION [200101079]

Effective 04/30/2001 21:59 the California Independent System Operator
has terminated the "No Touch Day".  The "No Touch Day"  has been in
effect since 04/30/2001 05:00.

This message is from Market Operations at the California ISO.

This notice cancels notice 200101075

Notice issued at: 04/30/2001 21:59

The system conditions described in this communication are dynamic and subject to change.
While the ISO has attempted to reflect the most current, accurate information available
in preparing this notice, system conditions may change suddenly with little or no notice.


Find anything good?  I love you.

D


Dawn,

The deals look good in both Tagg and Sitara, but the link field in Tagg has
not been populated with the Sitara number.  When will this be ready?  Thanks.

DG    3-9573

Dawn C Kenne
12/19/2000 02:28 PM
To: Darron C Giron/HOU/ECT@ECT
cc: Tara Sweitzer/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT
Subject: confirmation of deals

Darron,

Please take a look at these deals in Tagg Stage and Sitara parallel.  Look at
the pricing, risk book assignments, and the hedges in sitara (if needed).

Let me know if there is a problem.  If there is not, we want to roll this out
as soon as possible.

EOL #  Tagg #  Sitara#
123708  Q12851  4012471
123673  Q12662  4012421
123712  Q14284  4012503

Thanks for your help!

Dawn
3-9353


Notice No. 01-108
March 27, 2001

TO:
All COMEX Division Members/Member Firms
All COMEX Division Clearing Members
All COMEX Division Floor Traders
All COMEX Division Operations Managers

FROM:
Michael Campanelli, Vice President
Floor Operations, COMEX Division

RE:
Spot Month Procedures on the Eve of First Notice Day

Please be reminded that Friday, March 30, 2001, is the First Notice Day, for
the Gold, Silver, Copper and Aluminum futures delivery month of April 2001
(the new spot month).

On Thursday, March 29, 2001, the Eve of the First Notice Day, all Brokers and
Clearing Members must have a duly authorized, On-Line Trade Entry (&OLTE8)
system trained representative available until such time as the Exchange deems
necessary.

It is imperative that trades involving the Spot Month are processed and
cleared properly.  Therefore, representatives are expected to make a diligent
effort to process all Spot Month trades accurately.

Failure by any Clearing Member or qualified Floor Trader to show due
diligence involving Spot Month Trade processing may result in severe
disciplinary action by the Exchange.

If you should have any questions, please do not hesitate to contact David
Sherman at (212) 299-2061.

MC/ms

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=mark.taylor@enron.com&refd
oc=(01-108)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


?
-----Original Message-----
From: Larry Wolfe  [mailto:caboom@accessus.net]
Sent: Tuesday, November 28, 2000 6:51  PM
To: Cherry, Beth
Subject: you asked for  it

You asked for  it.? I've got lots of grandson pics.? :o)
Here are a  few.
I made the  one titled "who does he like" just to bug Cathy.....LOL.....
I told her  "Look who he's thinking about when Grammy is holding
him".........I thought it  was funny.?
But not  everyone did--I was in trouble for awhile
 - grammy.jpg
 - grammy2.jpg
 - grandpa3.jpg
 - who-does-he-like.jpg
 - MVC-024F.JPG
 - vc-040f.jpg


Jodi,

Glad to hear that things are underway for the re-pricing of the Stagecoach
power swap.  As I mentioned earlier, we have promised El Paso updated pricing
by this Friday, 5/11/01.  We have had the gas swap re-priced several times
since the power was last updated in late February, I believe the last price
that we have is $4.82.  Can you please confirm that the following are true
and in effect when we are ready to close this deal:

1. Have ENA Gas Commodity Structuring group (Charlie Weldon) update the gas
swap bid
? EES will match the ENA gas bid price
2. Have EES re-price the power swap offer
3. Both power and gas swaps have annualized swing bands of +/- 10%, meaning:
? ECS pays the power fixed (contract) price as long as the Facility does not
violate the +/- 10% band on an aggregate annual basis
? ECS receives the gas fixed (contract) price as long as the Facility does
not violate the +/- 10% band on an aggregate annual basis

The following is a list of legal documents between EES and ECS that need to
be in place and finalized in order to close this transaction.  Our target
close date is 5/31/01:

Gerald Nemec (our attorney) said that the annualized power and gas
consumption bands, interest payments, and monthly power billing should be
outlined and explained in the Power and Gas Confirm Agreements.  Can you
please contact EES legal to help get the documents finalized in preparation
for closing?  Can you let me know what their timeframe is?

Thanks for all of your help,

John


You have been added as an internal user to be able to access flowing gas
reports and invoices on the internet at http://www.hottap.enron.com.  Your
user id is "mlokay" and your password is "FLOWGAS56".


ok done

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Wednesday, November 07, 2001 4:03 PM
To:	Quigley, Dutch
Subject:	RE: reservations

i don't care- it'll be fun with all  4 of us!

From:	Dutch Quigley/ENRON@enronXgate on 11/07/2001 03:54 PM
To:	Kay Quigley/HOU/EES@EES
cc:
Subject:	RE: reservations

dinner for 4 monday night at 8 pm

would you rather of gone jsut the 2 of us ?????

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Wednesday, November 07, 2001 2:53 PM
To:	Quigley, Dutch
Subject:	reservations

hey there- see the link below to Delmonico's - the place at the Venetian that I tried to get us in last year in Vegas
Do you want to call and see if we can get in for dinner one nite?

http://www.emerils.com/restaurants/delmonicolv/


FYI
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 12/13/2000
04:58 PM ---------------------------

	Dortha Gray
	12/13/2000 02:18 PM

To: Gregory Adams/Corp/Enron@ENRON, Carolyn Barrett/Enron
Communications@Enron Communications, Leo Paige/Enron Communications@Enron
Communications, Cedric Burgher/Corp/Enron@ENRON, Kevin Hughes/HOU/EES@EES,
Richard Causey/Corp/Enron@ENRON, Bob Chandler/ET&S/Enron@ENRON, Fernley
Dyson/LON/ECT@ECT, Melissa Allen/LON/ECT@ECT, Stephanie
Harris/Corp/Enron@ENRON, Jill Erwin/HOU/ECT@ECT, Chris Musngi/NA/Enron@ENRON,
Tracy Geaccone/GPGFIN/Enron@ENRON, Dave Gunther/NA/Enron@Enron, Ben F
Glisan/HOU/ECT@ECT, Rod Hayslett/FGT/Enron@ENRON, Mark
Koenig/Corp/Enron@ENRON, Mark E Lindsey/GPGFIN/Enron@ENRON, Greek
Rice/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Rex
Rogers/Corp/Enron@Enron, Terry West/Corp/Enron@ENRON, Sharron
Westbrook/Corp/Enron@ENRON, Kathryn Corbally/Corp/Enron@ENRON, Georgeanne
Hodges/HOU/ECT@ECT, Robert Wilcott/Corp/Enron@ENRON, Faith
Killen/HOU/ECT@ECT, kirk_stevens@pgn.com, Mark Palmer/Corp/Enron@ENRON, Scott
Vonderheide/Corp/Enron@ENRON, Tim DeSpain/HOU/ECT@ECT, Wade
Stubblefield/HOU/EES@EES, Kent Castleman/NA/Enron@Enron, Keith
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey E
Sommers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Agatha B
Tran/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allen W Ueckert/NA/Enron@Enron,
Peter Berger/Corp/Enron@ENRON, Carol
Howes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Howard Selzer/Corp/Enron@ENRON,
Wes Colwell/HOU/ECT@ECT, Kimberly Scardino/AA/Corp/Enron@ENRON, Christopher
Herbold/AA/Corp/Enron@ENRON, Eric McKee/AA/Corp/Enron@ENRON, Michael K
Patrick/NA/Enron@Enron, Russell Montgomery/AA/Corp/Enron@ENRON, Thomas
Myers/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Stephen Wood/LON/ECT@ECT,
Krysti Knight/HOU/ECT, Dave Andrews/WSX/AZURIX@Exchange, Kerry
Roper/GPGFIN/Enron@ENRON, Elise Clark/Corp/Enron@ENRON, Elaine
Schield/Corp/Enron@ENRON, Jeff Smith/HOU/ECT@ECT, Wanda LaBaume/Enron
Communications@Enron Communications
cc:

Subject: 2000 Annual Report/Form 10K Schedule

Find attached (i) a schedule detailing draft distribution dates and (ii) the
responsibility matrix for the 2000 Enron Annual Report.  The responsibility
matrix lists the responsible business unit contact, a corporate contact as
well as due dates.

Gary


Following please find the Daily EnronOnline Executive Summary.

Special Announcement! This report can now be accessed directly through the EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Secured Reports" tab. A dropdown menu will appear with a list of the various secured reports available for viewing. After choosing the report you are interested in, a security window will appear requiring you to enter your Windows login ID and password. Simply enter your standard login and the report will load automatically.

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Simone La Rose at x31670.

<Embedded Picture (Metafile)>


This follows up on Jeff's message.  Attached are the Phase 2 questions issued
by the ALJ in the California DG proceeding.  The questions relate to stranded
costs, standby charges, distribution wheeling, exit/bypass fees, PBR
structures and other rate design issues.  We're looking for your input on
which questions raise the most important policy issues for Enron. -Bob

Jeff Dasovich on 06/12/2000 07:59:47 PM
To: Steve Montovano/DUB/EES@EES, Harry Kingerski/HOU/EES@EES, Lisa
Yoho/HOU/EES@EES, Robert Frank/HOU/EES@EES, Susan J Mara/SFO/EES@EES, Bruno
Gaillard/SFO/EES@EES, Paul Kaufman@EES, Mona L Petrochko/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, Kerry Stroup/DUB/EES@EES, Susan M Landwehr/HOU/EES@EES,
thoatson@enron.com, James D Steffes/HOU/EES@EES
cc:
Subject: Next DG Event

Please forward to others whom you think might want to participate.  I
apologize in advance if I've missed anyone from the original team.

Now that Sue Mara and Tom Hoatson have brilliantly represented Enron's views
in Phase 1 of California's DG proceeding (aided significantly by Bob Frank's
stellar legal skills), it's time to move on to the next set of issues for
Phase 2.  The Phase 2 issues principally address rates issues (e.g.,
stand-by, back-up, stranded cost recovery), but also include about 40
questions issued recently by the judge presiding over the festivities.  Bob
Frank will distribute the questions first thing tomorrow morning.

Would like to have a call either Thursday afternoon, or Friday morning (CST)
to determine:

1) which, if any, of the issues/questions posed by the California PUC Enron
cares to prepare responses for, and,
2) Enron's position on the issues identified.

Would very much like to profit from any recent DG activities others have been
engaged in elsewhere (e.g., Lisa and Harry in Maryland).

Is there a preference for Thursday afternoon or Friday morning.  Please let
me know.

Best,
Jeff


Brent:  Carol St. Clair does not work on Fridays.  Can you reschedule your
lunch for another day?

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Please provide Mary with a copy of the Canada reports by the end of the day
Thursday.  Thanks.

Thanks.

Esmeralda Gonzalez
Enron North America Corp.
Legal Department
1400 Smith Street, EB3815
Houston, Texas 77002
e-mail: esmeralda.gonzalez@enron.com
Phone: 713-345-7621
Fax: 713-646-3393


thanks!  so do you know whether this has been forwarded to Cristina and Bev's
office?? did you talk to them directly??

I'm wondering if I should call them to follow-up?
Let me know what you think,
Thanks again,
Joseph


PJM West is scheduled to go into operation January 1, 2002 (there is some talk that the IT vendors are somewhat behind schedule do to the priority of getting NYC back in operation and that this may delay the startup - I will keep you posted).  On Day 1 of operation, PJM West will be the Allegheny control area only.  Work is progressing on Duquesne and the earliest date I have heard for integration of Duquesne into PJM West is sometime in the 1st quarter of 2002.  PJM West and PJM proper will be integrated such that there is one energy market (day-ahead and real-time) across the entire region, based on LMP, and no pancaking of transmission rates (pay the rate of the transmission system at point of withdrawal just as is done in PJM today).  However, there will be two different capacity markets - ICAP in PJM and ACAP in PJM West - to reflect the difference in reliability standards of the two NERC regions.

PJM has recently announced PJM West market trials for the Day-Ahead market on Nov 21 and Nov 28.  Real-time energy market trials are scheduled to be conducted starting on Nov 26 and continuing through Dec 31.  For additional information regarding the market trial see the enclosed notice from PJM.

 -----Original Message-----
From: 	Roan, Michael
Sent:	Thursday, October 25, 2001 4:14 PM
To:	Hoatson, Tom
Subject:	PJM West

Tom, could you do a paragraph up that describes PJM West (i.e operation, LMP, players, key dates, tx instruments etc) for Robert Benson and copy it to Kevin (they only want a paragraph at most).  They are especially interested in whether PJM West intend to price aggregate nodes to create hubs on start date.  Theres no point in me acting as intermediary....

cheers
MR


Kevin,

Please let me know when your move date has been "firmed up".  Can you let me
know the location that you want to install the new copier at {I will need to
check for the necessary power outlet}? Listed below are some of the latest
generation "Heavy Duty" copiers that Enron has been installing as replacement
for older equipment such as the Xerox 5388 etc. Feel free to try them out for
the specific task that you have on a daily basis and let me know what you
think {We can discuss relevant speeds & associated $ costs after you have
tested these copiers}:

FYI: There are 2 other models from Lanier: The 5355 and the 5365. Both of
these are the "Toshiba 70 series" digital copier rebranded as "Lanier". If
the one of the Toshiba 70 series listed above meets your criteria, the 5300
series from Lanier is a better cost option between the two different brands.

If possible, would you be available to meet next week to discuss further? I
would like to invite a member of the ENA Finance group to go over cost
allocations for the new copier, regardless of which copier selected.

Thanks,                Iain....................

Kevin G Moore
03/08/2000 11:22 AM
To: Iain Russell/EPSC/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT
cc:
Subject: Copier on 32nd floor

Hello Iain ,
Well time is drawing near for another move
for us.
The problem is we do not have a heavy duty
copier for the floor.
We do need a copier.

Please inform me as how we can work through
this , maybe we can split the cost with others on the floor.

The move is schedule sometime at the end of the month.

I will keep you informed........

                                                           Thanks
                                                        Kevin Moore


Start Date: 4/9/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040908.txt

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

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/9/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_OZZY
  ENGY_TYPE: FIRM


done.

-----Original Message-----
From: Messenger, John P.
Sent: Monday, November 26, 2001 6:08 AM
To: Richey, Cooper
Subject: New gen

Coop,

Another new generator is on the CSD page, VVW1, which is Atco Power's Valleyview plant of 46 MW's. Can you please add this to our site.

Thanks,

John


In the past few months, Enron has received numerous requests from other companies to share some of the processes and systems that we have developed within HR.  Also, several new businesses have been created recently by consulting companies to pursue what some financial analysts believe is a huge untapped market in aggregating HR services.  Recently, we completed an internal review to consider what role Enron could play in this arena and have decided to explore some very specific external opportunities.  Due to the time commitment required to pursue these opportunities, we are assigning dedicated resources to this effort.  Effective immediately, the HR community will have three major areas of focus that will be working together in order to optimize HR transformation and commercialization.  Taking the lead roles will be myself, Mary Joyce and David Oxley (see below and attached chart).

?	I will lead this new effort in addition to continuing to lead those areas of HR that are our prime candidates for commercial opportunities.  Reporting to me on this commercialization effort will be:  Brad Coleman with the overall lead; Andrea Yowman who will focus on software applications such as PEP, Expertfinder and Global Compensation; Sarah Davis who will focus on Worklife; Elyse Kalmans who will focus on Community Relations; Cynthia Barrow who will focus on Benefits and Wellness; and Yevgeny Frolov and Dan Brown who will focus on E-learning and Talent Management.  I will continue to report to Steve Kean.

?	David Oxley will take the overall lead for HR across all business units focusing on continuing to increase the value HR brings internally to Enron.  The networked recruiting, Organization Development and Training and Business Unit Compensation consulting functions, the Global PEP team, as well as the generalist consulting responsibilities for all Corp. groups, will report directly to David. The HR leads for EWS, EES, EBS, ETS and EGAS will report jointly to their business unit OTC's and to David from a functional HR perspective. In this regard David will now report to Steve Kean.

?	Mary Joyce will add Global Information Management, Corporate Compensation services and Reporting/ Analysis, to her current Executive Compensation responsibilities.  Kathy Schultea, Felecia Acevedo, Cindy Ward and Suzanne Brown will report into Mary's organization. Mary will continue to report to Steve Kean.

?	With Drew Lynch's promotion to COO Metals and David's increased responsibilities, Robert Jones will take the HR lead for EWS Americas. Robert will report to the EWS OTC. Jon Chapman has been appointed head of HR for EEL, based in London, and will report to the EEL OTC. Both Robert and Jon will report to David from a functional HR perspective.

Additional realignment of resources will enable our team to further improve daily employee services, partner with Business Unit initiatives and maximize opportunities for commercialization.  These modifications are as follows:

?	Scott Gilchrist will lead HR for the newly formed EGAS.  As such he will focus his attention on the asset positions in South America, Latin and Central America, the Middle East and Asia.  The European assets will continue to be a part of EEL.  Scott will also work closely with Rebecca McDonald and Sandip Mallick in relation to our assets in India.  Scott will report to the EGAS OTC, Rebecca McDonald and David as above.

?	Michelle Cash has agreed to take the lead of the Corporate OLER function for an interim period to determine how it should operate and be organized.  She will report to me for this particular function, but of course will remain primarily a part of the EWS legal function reporting to Mark Haedicke.

?	Sheila Walton will lead the HR Generalist activities for all Corp functions.  Jo Ann Hill, and all of the corporate generalist functions currently under Jo Ann, will report to Sheila Walton.  Sheila will continue to report to David.

?	Sarah Davis will add the Click at Home program to her current responsibilities, and will continue to report to me.


Gerald -- I left you a voice mail regarding the attached amendment to the ECS
Agreement.  We would like to get this finalized as soon as possible.

Bascially, the changes just clean up certain terms --- necessary as a result
of the change of the engineering configuration.  You may recall we discussed
some of the necessary changes with you and Mark in Rob Kilmer's office a few
weeks ago.

Also -- I have incorporated the June amendment into this document -- so we
won't have to keep track of more than one amendment.

Because we changed "Compressor Motor" to "Compressor Driver" we need to make
this change in the other two documents.  I am uncertain if I have the last
version of these documents.  Could you forward them to me by E-mail?
Thanks.  Please call me or Teb if you have questions.


Rebecca,

I would also like to bring Jeff Shankman with me to the board meeting.  He
has never attended one.

It has been a long time since i have presented anything to board especially
like this.  Would you please provide me a copy of the last couple of
presentations so that I can be consistent and give them the right kind of
information.

Thanks,
mike


Susan:
I hope to finalize the Master today on our conference call.  Could you please
start pulling together the ENA and Enron Corp certificates?  They are alos
requesting a W-9.  I would like to have all of these ready and executed by
this time next week.  I will send you the Enron Guaranty after it has been
finalized.  Thanks.  Call if you have any questions.  My contacts there are
Adele Raspe and Maria Salvatore, her legal assistant.
Carol


After meeting with AEP this morning, some issues are revolved and new one added.

Resolved:

	Confirmations will be done out of AEP's systems for long term deals, intramonth transactions
	will be confirmed using DECAF 2.  DECAF 1 will not be used.

	Global Facilities will not need to copied to a new pipeline code.

	The HPL DUN's number will remain the same.

	Deal entry will be manual for AEP risk system and getting old deals back into Sitara.
	The need to build a cross-reference table is the main driver.

New items

	A hands-on  training program is unlikely due to time  and space constrains.
	AEP/Enron evaluating options.

	New Risk Portfolios need to created in Sitara.  List provided to AEP.
	Enron giving explanations of portfolios for usefulness to AEP.

	Manual entries to G/L and reports needed to book all items.

All items on the Energy ops issues list were discussed.  AEP to fill in point person
for there side.

Agreement reached to use this format and add items as needed.

I will issue a revised transitions issues list tomorrow afternoon, after my energy ops
meeting.