Thanks for the note.
Jim Hughes asked the same question you did.  Here is my (and John's) response.
----- Forwarded by Steven J Kean/NA/Enron on 03/09/2001 02:33 PM -----

	Steven J Kean
	03/07/2001 11:41 AM

		 To: James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Re: Enron Mentions

It looks like we are playing a smaller role than the WSJ article indicates --
i.e. a role commensurate with our level of interest.  I have talked with John
several times about the relative importance of OPIC, ExIm and other funding
organizations in light of the change in emphasis in our business.  As a
result of those discussions we cut headcount and expenditures from the
proposed budget for "01 and John has joined Linda Robertson's organization in
the DC office (instead of being a stand alone effort).  Having said that, my
view (based on the work John has been doing) is that we continue to have a
considerable amount of work for him to do on the project finance front as a
result of existing projects, projects we continue to pursue, and transfer
issues associated with the asset sales.  Do you agree?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 11:27 AM -----

	John Hardy@ENRON_DEVELOPMENT
	03/07/2001 10:59 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Enron Mentions

Steve
 This is not a battle to fight with OMB, but we have to show the agencies
that we are supportive of  their programs and their budgets.  We are not
going to lead the battle and in fact have not particpated in meetings on the
hill.  But we are in negotiations with both EXIM and OPIC on Electrobolt and
will need their support on our problem projects.  Also, Rebecca McDonald is
on EXIM's private sector advisory committee.  If you need more lets talk.
Thanks John

	Steven J Kean@ENRON
	03/07/2001 11:43 AM

		 To: John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Linda Robertson/NA/Enron@ENRON
		 Subject: Enron Mentions

How important is this fight to us now (see attached article on ExIm)?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 10:41 AM -----

	Ann M Schmidt
	03/07/2001 08:19 AM

		 To: Ann M Schmidt/Corp/Enron@ENRON
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Enron Mentions

Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
The Wall Street Journal, 03/07/01

Plots & Ploys
The Wall Street Journal, 03/07/01

Dutch Gas Competition Grows Despite Sluggish Reforms
Dow Jones Energy Service, 03/07/01

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.
Reuters English News Service, 03/07/01

Major U.S. Exporters Rush to Export-Import Bank's Defense
Dow Jones Business News, 03/07/01

What's News
United States
The Globe and Mail, 03/07/01

Deal with state could take until 2002 to close
Associated Press Newswires, 03/06/01

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report
Dow Jones Energy Service, 03/06/01

Many Power Deals Announced by California Governor Still Not Final
Dow Jones Business News, 03/06/01

US Natural Gas Prices Fall As Demand Slips In Most Areas
Dow Jones Energy Service, 03/06/01

Economy
Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
By Michael M. Phillips and Laura Heinauer
Staff Reporters of The Wall Street Journal

03/07/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers.
Boeing Co., Caterpillar Inc., Enron Corp., Halliburton Co. and others are
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions; the White House labels the Ex-Im
Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
"Companies large and small who have similar interests here are banding
together to provide an educational effort so people understand the impact of
this," said Chris Hansen, Boeing senior vice president for government
relations.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
"We'll be circulating them very broadly," Mr. Rice said.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
At first, business lobbyists assumed administration budgeteers were just
looking for savings anywhere they could find it. Before President Bush
released his spending plan last week, companies appealed to Mitchell Daniels,
head of the White House budget office, in an attempt to keep the Ex-Im Bank
cuts out of the final proposal.
The Ex-Im Bank's corporate clients include some of the country's largest
political contributors. Boeing, the bank's largest user, received $3.3
billion of financing last year. The Seattle aerospace company and its
employees contributed $1.8 million to politicians and parties during the 2000
election cycle, 61% to Republicans, according to federal election data
assembled by the Center for Responsive Politics. Caterpillar, a Peoria, Ill.,
maker of engines and heavy equipment that secured seven Ex-Im Bank deals last
year, and its employees contributed more than $500,000 -- 96% to Republicans.
Company officials deny they wanted to leverage donations to try to secure
political support for the Ex-Im Bank.
Many lobbyists have come to the conclusion that administration officials --
those of a libertarian persuasion -- oppose Ex-Im Bank as a form of welfare
for corporations. Indeed, the White House budget plan criticized the bank's
operations as unjustified public subsidies for companies. "That makes it a
much more serious issue," Mr. Rice said. "We're concerned that the
administration seems to be turning its attention in this direction."
Barring intervention from Mr. Cheney, business groups now have largely given
up hope of convincing the White House to back down, planning instead to use
their muscle to convince Congress to restore the Ex-Im Bank's funding. Bank
officials and U.S. companies argue that, far from being a subsidy, the bank
simply allows American companies to compete with European and Japanese firms
that receive assistance from their own governments.
"In many markets in Asia and Africa, the bank is absolutely critical to our
ability to sell American-made products," said Bill Lane, Caterpillar's
Washington director for governmental affairs.
--- Corporate Beneficiaries

Top 10 recipients of Ex-Im Bank loans, guarantees and insurance for
fiscal year 2000, as measured by amount of financing, in millions

Boeing $3,335
Bechtel Group $1,075
Distributed Processing Systems $388
Willbros Group $387
United Technologies $334
Raytheon $156
General Electric $150
Halliburton $136
Enron $135
LSI Logic $120

Source: Ex-Im Bank

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

The Property Report
Plots & Ploys
By Peter Grant

03/07/2001
The Wall Street Journal
B10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

[What's Brewing in the Real Estate Market]
No Problem, Houston
CENTURY DEVELOPMENT is about to announce plans to break ground on downtown
Houston's third major office development in less than three years. In another
sign of the strength of the city's energy sector, Century is finalizing a
headquarters deal with Reliant Resources Inc. to take more than two-thirds of
the project's 850,000 square feet, says Edwin Murphy, a Century senior vice
president.
Two other towers also are underway. In 1999, Hines began building a 1.2
million square-foot tower for Enron Corp. and late last year Crescent Real
Estate Equities broke ground on a 27-story tower that will be anchored by
Ernst & Young. These three projects are the first major downtown office
projects to get underway since 1986.
The surge is part of a renaissance of downtown Houston, where new sports
facilities, hotels, apartment buildings and restaurants have been mushrooming
in recent years. "The new amenities have kept people from leaving and enticed
people to come back," says Michael Hassler, of CB Richard Ellis.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Dutch Gas Competition Grows Despite Sluggish Reforms
By Germana Canzi
Of DOW JONES NEWSWIRES

03/07/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The Netherlands is emerging as an important testing
ground for E.U. gas liberalization, as new trading hubs for competitive,
short-term gas supplies from the U.K. and Norway emerge on the Belgian and
German borders.
However, much remains to be done. A group of large energy users and traders
is preparing to confront Gasunie Thursday in a hearing organized by the
regulator. The main issues of contention are the balancing system, which
Gasunie conducts on an hourly basis, the extent to which transport tariffs
are cost-focused and third-party access to storage facilities.
The emergence of competition in the Dutch gas sector is mostly due to the
initiative of new market entrants who, despite a difficult regulatory
environment, have managed to develop a market for short-term gas virtually
from scratch.
If liquidity improves in these emerging hubs, the Netherlands could become an
important transit country for freely tradeable gas supplies to other
countries in northwest Europe, as well as being an important market in its
own right. However, the difficulty of implementing transparent third-party
access systems in the Netherlands and in neighboring Germany casts a dark
cloud over recent progress in competition.
Since December, Enron Europe Ltd. (U.ENE), Duke Energy Corp. (DUK), E.On AG
(EON), RWE AG (G.RWE) and Electrabel SA (B.ELE) have been actively buying and
selling gas, sourced in the U.K., the Netherlands and Norway, in a number of
hubs between Emden in Germany and Emshaven and Oude Statenzijl in the
Netherlands.
David Gallagher, head of European gas trading at Enron in London, estimates
that at least one trade a day of around 100,000 therms for a quarterly
contract is done at the Oude Statenzijl hub, where the Gasunie pipeline
system connects to the network of Wingas GmbH.
An important element kick-starting short-term trading was the sale, in
December 2000, of a 2 billion cubic meter a year Norwegian gas supply
contract to five Dutch-based power generators.
Robert van der Hoeven, head of fuel procurement at Electrabel, the owner of
Dutch generator EPON, said his company uses most of the gas it imports from
Norway for its plants in the Netherlands and trades the rest on a short-term
basis in the Oude-Emden area. This pattern is common to the other Dutch-based
parties to that contract.
Trading in Dutch hubs received a further boost when Nederlandse Gasunie NV
(N.NEG) decided, after months of wrangling with regulator DTe, to lower its
transport tariffs by 6.5% from January 2001 and to unbundle its combined
commodity and service tariff, the so-called CSS system, from July 2001.
Gasunie now claims its pipeline system is fully open and transparent. To
prove this, it says it has lost 30% of its customers in the eligible market,
but that figure hasn't changed much since March 2000. Small wonder that
critics say the switching figure doesn't necessarily indicate an ideal system
of third-party access.
According to energy consultants The Brattle Group, around half of the gas
used by alternative suppliers goes through the 1 bcm/year Zebra pipeline from
Zelzate to Zeeland, which was built by Dutch utilities a few years ago
precisely because Gasunie refused to provide access on favorable terms.
Shippers have complained that the hourly system used by Gasunie to balance
the pipeline system raises the overall cost of shipping through its network
significantly. Gasunie imposes a balancing charge which effectively forces
shippers to pay for the extra gas brought into the system from storage sites,
in addition to the capacity and transmission price. Critics say Gasunie has
so far failed to unbundle these charges, although it agreed to do so in
January.
According to the Brattle Group, another controversial aspect of Gasunie's
tariff system is that it is based on theoretical costs of constructing new
pipelines rather than its actual costs.
The DTe is also considering ways of reforming the storage system to make it
competitive. BP PLC (U.BP) and Nederlandse Aardolie Maatschappij NV operate
storage facilities and lease capacity to Gasunie through long-term contracts.
The regulator is studying ways of allowing third parties access to storage
facilities. Gasunie has so far shown little sign of negotiating more
competitive tariffs with storage operators and passing on the benefits to
customers, critics say.
The growth of short-term trading in the Dutch gas market is also inevitably
linked to its potential as a transit country for gas coming from the
U.K.-Belgium gas interconnector and going towards the 82bcm-a-year German
market.
Market participants say liquidity at the Emden and Oude hubs has grown
considerably since E.On and RWE started trading there earlier this year.
However, the obstructive attitude of incumbents toward third-party access
there has meant that so far most gas traded in the Netherlands has remained
there.
-By Germana Canzi, Dow Jones Newswires; +44 20 7842 9283;
germana.canzi@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.

03/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, March 7 (Reuters) - America's largest exporters are launching an
aggressive lobbying campaign on Capitol Hill to protect the Export-Import
Bank from budget reductions, the Wall Street Journal reported in its online
edition on Wednesday.
The exporters, including Boeing Co. , Caterpillar Inc. , Enron Corp. ,
Halliburton Co. and others, are angry and confused that a Republican
administration has targeted one of their favourite programmes for big cuts,
the paper reported.
Ex-Im Bank officials were not talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25 percent cut in
the bank's $865 million operating budget for the current fiscal year, which
ends Sept 30, it said.
The White House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," Edmund
Rice, president of the Coalition for Employment Through Exports, an industry
group that is leading the effort, was quoted as saying by the paper.
Executives at Boeing, Caterpillar and other big companies plan to contact
some 100,000 smaller suppliers who benefit indirectly from the $12.6 billion
of export loans, guarantees and insurance that Ex-Im Bank provided in the
last fiscal year, the paper said.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank, it said.
New York Newsroom (212) 859-1700.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Major U.S. Exporters Rush to Export-Import Bank's Defense

03/07/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers, Wednesday's Wall Street
Journal reported.
Boeing Co. (BA), Caterpillar Inc. (CAT), Enron Corp. (ENE), Halliburton Co.
(HAL) and others are launching an aggressive lobbying campaign on Capitol
Hill to protect the Export-Import Bank from budget reductions; the White
House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Report on Business: The Wall Street Journal
What's News
United States
Wall Street Journal

03/07/2001
The Globe and Mail
Metro
B10
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."

Boeing Co., Caterpillar Inc. and Enron Corp. are among the big U.S. exporters
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions. The White House labels the Ex-Im
Bank as corporate welfare. "The administration has fired its shot, and now
we're firing ours," said Edmund Rice, president of the Coalition for
Employment Through Exports, an industry group leading the campaign. Since
they got wind of the proposed cuts a few weeks ago, business lobbyists have
been trying to rally sympathetic U.S. law makers.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Deal with state could take until 2002 to close
By LESLIE GORNSTEIN
AP Business Writer

03/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LOS ANGELES (AP) - A tentative deal aimed at rescuing Southern California
Edison from insolvency might not close in time to prevent the utility from
begging creditors for more patience, Edison officials said Tuesday.
The utility's tentative, $2.7 billion agreement to sell its power lines to
the state could take until 2002 to be consummated, thanks to complicated
legal issues and other paperwork, an Edison official told bondholders Tuesday.
Once the deal is signed, Edison will try to borrow against the promised cash,
but Edison International Chief Financial Officer Ted Craver admitted the
utility might have to ask creditors to simply wait for their money until it
has the $2.7 billion in hand.
Energy suppliers owed money by Edison did not immediately return calls for
comment Tuesday.
At least four groups of suppliers have sued Edison for millions in unpaid
bills going back months. Edison and fellow utility Pacific Gas & Electric
have said they have lost $13 billion on the open power market thanks to
soaring prices paired with state-imposed price caps.
PG&E's parent company was able to recently borrow $1 billion to pay its
stockholders and its debuts. It did not use any of that money to pay PG&E's
bills.
Edison's disclosure, meanwhile, shocked state officials.
Steve Maviglio, spokesman for Gov. Gray Davis, initially declined to comment
on the status of the Edison deal, but eventually said, regarding its closure,
"We're optimistic it will be sooner rather than later."
The pacing would have nothing to do with whether fellow utilities Sempra
Energy and PG&E also sell their transmission lines to California, Craver
said.
Among the things that could delay the deal's closing is Edison's need to find
landowners on whose property its lines were built to assure no legal
agreements are being violated by the sale. Edison would also have to pin down
exactly what it would be selling to the state - terms that might not be
decided until after a deal has been inked, Craver said.
"Trust me," Craver said in a phone call after the conference. "There are a
lot of legal-type documents - stuff that you and I ... would think of as a
bloody nightmare."
The disclosure comes at a time when an increasing number of power suppliers
are suing the utility for millions in unpaid bills.
Edison also disclosed Tuesday that two more lawsuits had landed in its lap -
one by a group of wind-powered generators including Enron Wind, the other by
two suppliers including New York-based Caithness Energy.
Both suits were filed during the past five days, Edison Assistant General
Counsel Barbara Reeves said. It was not immediately clear how much the
complainants were seeking; neither Enron nor Caithness returned calls for
comment.
The two filings bring the total number of suits by renewable-energy suppliers
against Edison to four, the utility said. The city of Long Beach and
CalEnergy Operating Group, a geothermal supplier, have also sued for back
payments.
CalEnergy alone has said it is owed $45 million in November and December
payments.
The line sale, part of a multifaceted, tentative deal with the state that
could save Edison from insolvency, could take anywhere from several months
into next year, Craver said.
The tentative deal, announced by Gov. Gray Davis Feb. 23, calls for the state
to pay more than twice the book value for Edison's lines.
It also would require Edison to sell cheap power to the state for a decade
and for Edison to end its lawsuit against state regulators. The suit asserts
that price caps imposed by the California Public Utilities Commission are
illegal under federal law.
Additionally, Edison's parent would have to return $420 million it collected
from the utility over the past several years. The money was used to pay debt,
buy back stock and pay dividends to investors.
SCE, PG&E and Sempra have complained they are near bankruptcy because of
soaring prices on the open market combined with the state-imposed price caps
for consumers.
Sempra and PG&E have yet to announce similar line-sale deals with the state,
though they and the governor have said negotiations are ongoing. The total
cost of the 26,000 miles of lines has been estimated at $4.5 billion to $7
billion.

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- Sierra Pacific Resources (SRP) CEO Walter Higgins
said in an interview last week that he doubts the company's $3.1 billion
acquisition of Enron Corp.'s (ENE) utility Portland General Electric will be
approved by the federal Securities and Exchange Commission, the Las Vegas Sun
reported Tuesday.
The SEC must find that Sierra Pacific is in a strong financial position
before it will approve the deal, but the company is currently weakened by
having lost millions of dollars in fuel and purchased power costs, Higgins
said in the report.
A $311 million rate increase to cover those costs began March 1, but Higgins
said that money would only pay back those expenses and wouldn't improve the
company's stability to a level the SEC would find adequate, according to the
report.
The Public Utilities Commission can halt the rate hike and order refunds if
it decides the hike isn't necessary. The PUC is holding hearings to determine
the prudency of the hike, and members of the state's powerful casino and
mining industries have filed to intervene.
Sierra Pacific's plan to shore up its financial position through the sale of
its 10 power plants, worth nearly $2 billion, may also be in jeopardy. The
state Senate is considering a bill to block the sales, and Nevada Gov. Kenny
Guinn recently sent a letter to the PUC asking that it reconsider its order
allowing electric utilities to sell assets.
Financial analysts have said that not allowing Sierra Pacific's two utilities
to sell their assets would have a ripple effect on the company's financial
position. The asset sales are tied to low-priced power contracts, and if the
sales are canceled, the low-priced power will be gone as well.
"If the divestiture is stopped...the state may be dealing with a much bigger
rate increase," Steve Fleishman, Merrill Lynch utility analyst, told Dow
Jones Newswires recently.
Sierra Pacific is the parent company of electric utilities Sierra Pacific
Power Co. and Nevada Power, which serve customers in the state's North and
South, respectively.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
jessica.berthold@dowjones.com -0- 07/03/01 01-04G

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

Many Power Deals Announced by California Governor Still Not Final
By Jason Leopold

03/06/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Dow Jones Newswires
LOS ANGELES -- Many of the long-term power-supply contracts announced by
California Gov. Gray Davis this week remain under negotiation or are the
subject of ongoing lawsuits, power suppliers said Tuesday.
The lack of finality to the deals raises questions about the state's success
in covering its power needs, particularly going into what is expected to be
an unusually tight summer.
Generators said privately they were surprised the governor went ahead with
his announcement Monday, given that many of the contracts haven't been
signed.
David Freeman, general manager of the Los Angeles Department of Water and
Power, who negotiated the contracts on behalf of the state, conceded that
details remain to be worked out. "This is not a done deal," Mr. Freeman said,
adding that credit concerns are keeping generators from signing the deals.
Gov. Davis announced Monday that California has secured 40 long-term
contracts that will provide California with about 629 million megawatt hours
of electricity over 10 years, at a price of more than $40 billion. A megawatt
hour is roughly the amount of electricity needed to power 1,000 homes.
Several of those forward deals, however, involve contracts originally held by
Edison International (EIX) unit Southern California Edison and PG&E Corp.
(PCG) unit Pacific Gas & Electric at the California Power Exchange,
previously the state's main power market.
The governor seized those contracts earlier this year, just before the Power
Exchange liquidated them to cover hundreds of millions of dollars in power
bills the utilities had failed to pay.
The contracts, which total about 1.3 million megawatt hours of electricity
and have a market value of about $1 billion, according to market sources,
have yet to be paid for or signed over to the state. Duke Energy Corp. (DUK),
one of the suppliers that sold the contracts to Pacific Gas and SoCal Ed, has
sued Gov. Davis for unlawfully commandeering those contracts.
Although Duke has reached an interim settlement to continue providing power
to the state Department of Water Resources until April 30, the company and
the Davis administration still have to "develop a comprehensive long-term
settlement to pay for the power supply contracts," said Duke spokesman Tom
Williams.
The governor went ahead with the announcement, because the California
Department of Water Resources believes it will be able to finalize and sign
the contracts over the next several weeks, Davis spokesman Steve Maviglio
said.
Separately, several suppliers named in the governor's announcement Monday --
including Duke, Reliant Energy Inc. (REI), Mirant Corp. (MIR), Sempra Energy,
Enron Corp. (ENE) and Avista Corp. (AVA) -- said they have yet to sign final
agreements with the state, although negotiations were ongoing.
"We are working in good faith with the DWR toward a long-term contract," said
Art Larson, spokesman for Sempra Energy Resources, a unit of Sempra. Mr.
Larson said Sempra signed a terms of agreement with the water-resources
department and expects to reach a final agreement over the next several
weeks.
Reliant said it has only signed a short-term contract with the state that
expires in about two weeks. The company will only sign a long-term contract
once it's paid more than $400 million owed by Pacific Gas and SoCal Ed,
spokesman Richard Wheatley said.
Mirant said it also won't sign contracts with the state until it's paid.
Enron said it's reached agreement on terms with the state, but has some
credit-related details to hammer out. "Everything's been agreed to except for
some credit technicalities," Enron spokesman Mark Palmer said.
Meanwhile, small, independent power plants in California that are capable of
generating 1,800 megawatts of power are shut down because their owners
haven't been paid by the state's two main utilities, the California
Independent System Operator said Tuesday.
The decline in small-plant output has contributed to the state's power-supply
problems the past two months. Partnerships involving El Paso Corp. (EPG), for
example, shut down 350 megawatts of generation last weekend due to
nonpayment, the company said Tuesday.
SoCal Ed hasn't paid the owners of the smaller generators, known as
"qualifying facilities," since early December, which means the generators are
still owed for electric production in October, while PG&E has paid only a
small percentage of its qualifying facility bills since its last full payment
in early January.
The plants, one-third of which are powered by renewable sources like wind and
solar power, meet almost 30% of California's electricity needs. Almost all of
the closed generators are fueled by natural gas, and many haven't been able
to pay their gas suppliers and have been cut off from their gas supply.
The California Senate Energy Committee plans to vote on legislation to create
a new pricing system for all qualifying facilities this week. The proposed
bill would cut the prices to qualifying facilities from about 17 cents a
kilowatt-hour the past eight months to about eight cents, depending on the
price of five-year natural-gas contracts the generators can sign. The plants
that run on renewable resources would be paid 5.4 cents a kilowatt-hour.
-- Mark Golden contributed to this article.
Write to Jason Leopold at jason.leopold@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.

US Natural Gas Prices Fall As Demand Slips In Most Areas

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- U.S. natural gas physical prices fell Tuesday as demand
eased, except in the Northeast and Southeast areas of the country, traders
said.
Heavy snowstorms in the upper Northeast supported some pricing, as did cooler
weather in Georgia, the Carolinas and the Florida panhandle.
Some storage buying occurred in Texas "if they could make it work," a trader
said.
"It was a pretty uneventful day," a Gulf Coast trader said late Tuesday.
Also, because of the snowstorm in the Northeast, traders had purchased gas
ahead of time to make up for needed load, he said.
A scheduled work outage on Enron's Transwestern San Juan lateral in New
Mexico was completed, and the return of a power plant in California
alleviated demand in the West, traders said.
At the Arizona-California border hub, buyers paid around $13-$33 a million
British thermal units, West Coast traders said, down as much as $15 from
Monday.
At PG&E Citygate, prices were mixed, with buyers paying $9.75-$10.65/MMBtu,
down 25 cents on the bid, up 15 cents on the offer.
In the Midwest, Chicago Citygate prices fell 7 cents-8 cents to a range of
$5.42-$5.53/MMBtu. Alliance Pipeline into Chicago traded around
$5.47-$5.52/MMBtu, down 4 cents to 9 cents from Monday.
The Nymex April natural gas futures contract settled at $5.315/MMBtu, down
2.1 cents in a tight, range-bound, uneventful session that started late due
to bad weather.
Physical gas prices at the benchmark Henry Hub in south Louisiana ended in a
range of $5.25-$5.30/MMBtu, down 2 cents-6 cents from Monday.
Transcontinental Gas Pipe Line at Station 65 deals were made in a similar
range of $5.26-$5.35/MMBtu, down 2 cents on the bid, unchanged on the offer.
At Katy in East Texas, buyers paid $5.21-$5.30/MMBtu, down 5 cents-6 cents.
At Waha, prices fell 9 cents-12 cents to a range of $5.15-$5.30/MMBtu.
-By John Edmiston, Dow Jones Newswires; 713-547-9209;
john.edmiston@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


Mark,

We are really swamped and I would like to keep our involvement in
conferences to a reasonable minimum. I can promise that we shall help you
with a future conference if it happens to be in Houston.

Vince

Mark Thabet <mthabet@iirny.com> on 01/10/2000 12:58:56 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Energy conference

Vince:

I am sorry to hear about your scheduling conflict. Your expertise would have
been a great value to our conference.  Is there anyone else at your company
whom you could recommend as a speaker?  Thanks again for your time.

Mark Thabet
VP, Energy & Utilities Division
Institute for International Research
708 Third Avenue, 4th Floor
New York, NY  10017
T: 212-661-3500 x3181
F: 212-599-2192

 -----Original Message-----
 From: Vince J Kaminski [SMTP:Vince_J_Kaminski@enron.com]
 Sent: Monday, January 10, 2000 2:01 PM
 To: Mark Thabet
 Cc: Vince J Kaminski; Shirley Crenshaw
 Subject: Re: Energy conference

 Mark,

 I am sorry to inform you that due to a scheduling conflict I cannot
speak at
 this conference.
 I want to thank you for considering me as a speaker.

 Vince Kaminski

 Mark Thabet <mthabet@iirny.com> on 01/06/2000 09:36:23 AM

 To:   Vince J Kaminski/HOU/ECT@ECT
 cc:
 Subject:  Energy conference

 Vince:

 I have attached a rough draft of the agenda with the topics being
considered
 for the conference.  It is being held in Washington, DC on June
19-20, 2000.
 If your schedule allows, please join our speaking faculty.  You will
notice
 that the topic on "Forecasting and Measuring your Exposures to
Energy Price
 Risk" is not currently on the agenda.  We can add it once you have a
chance
 to check your schedule.  I also ask that you make recommendations of
any
 colleagues or industry professionals who can add expertise to the
conference
 as well.

 If you have any questions or concerns, please do not hesitate to
contact me
 at 212-661-3500 x3181.  I look forward to hearing from you.  Thank
you once
 again for your time and assistance.

  <<Agenda-FE104.doc>>

 Mark Thabet
 VP, Energy & Utilities Division
 Institute for International Research
 708 Third Avenue, 4th Floor
 New York, NY  10017
 T: 212-661-3500 x3181
 F: 212-599-2192

  << File: Mac Word 3.0 >>


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
----- Forwarded by Sara Shackleton/HOU/ECT on 05/17/2001 09:15 AM -----

	Elliot Bonner/ENRON@enronXgate
	05/17/2001 08:58 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Heinz ISDA

I am forwarding you the information of the contact at Heinz who requested a
copy of their ISDA.  Will you please forward her a copy of the ISDA via
overnight mail or fax today.  She has requested a copy by Monday May 21.
Please let me know if you have any questions.  Thanks.

Dewann Weltmer
Heinz North America
P.O. Box 57
Pittsburgh, PA  15230-0057

email:  dewann.weltmer@hjheinz.com
Ph:  412-237-3538
Fx:  412-237-3543


To:  Enron Corporate Policy Committee:

Please review the attached memo outlining business-wide cost saving
opportunities.  Please forward any comments that you have to Suzanne Brown
via email by close of business on Wednesday, June 6th.


---------------------- Forwarded by Steven J Kean/NA/Enron on 05/13/2001
08:00 PM ---------------------------

eserver@enron.com on 05/10/2001 02:36:34 PM
To: "Steven.J.Kean@enron.com" <Steven.J.Kean@enron.com>
cc:

Subject: <<Concur Expense Document>> - JB 003

The following expense report is ready for approval:

Employee Name: John Brindle
Status last changed by:  Automated Administrator
Expense Report Name: JB 003
Report Total: $3,976.51
Amount Due Employee: $3,976.51

To approve this expense report, click on the following link for Concur
Expense.
http://xms.enron.com


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of Corporate Benefits@ENRON
Sent:	Thursday, January 03, 2002 3:35 PM
To:	All Enron Employees United States@ENRON
Subject:	NOTICE TO: All Current Enron Employees who Participate in the Enron Corp. Savings Plan

TO:  All Current Enron Employees who Participate in the Enron Corp. Savings Plan

Due to an Enron programming error in the transmission of data to the Enron Corp. Savings Plan administrator, a number of currently active employees were erroneously coded with a status of terminated on the Savings Plan system.

As a result, you may have received a notice from Hewitt Associates, the Savings Plan administrator, indicating that you were a terminated employee and providing you with options for your Savings Plan account.  This notice was sent in error, and should be disregarded.

This situation was identified and corrected.  We regret any confusion or inconvenience this may have caused.

If you would like to verify that your Savings Plan employment status has been corrected, you may log in to the Savings Plan website through the Enron intranet (benefits.enron.com) or the internet (resources.hewitt.com/enron) and view your status in the "Personal Data" option off the main log-in screen.

If you have further questions, please contact a representative at the Benefits Service Center at 800-332-7979, option 3.

Corporate Benefits


Folks  -- Attached is a summary of the Commission's Order on California.
Constitutional Crisis here we come.  Later JOE


I will attend.
Larry May
x6731


Attached is a worksheet for Bemis Company, Inc.  The CP has asked that we get
it to them by Wednesday of this week.  If getting this out overnight by
tomorrow afternoon is a problem, please let me know so I can get  back in
touch with the CP.

Thanks,

John


-----Original Message-----
From: Nicolay, Christi L.
Sent: Monday, October 22, 2001 1:26 PM
To: Kitchen, Louise; Dietrich, Janet; Delainey, David; SMITH, Douglas; Lavorato, John; Black, Don; Forster, David; Duran, W. David; Belden, Tim; Calger, Christopher F.; Foster, Chris H.; Black, Tamara Jae; Aucoin, Berney C. ; Furrow, Dale; Meyn, Jim; Harvey, Claudette; Presto, Kevin M.; Jacoby, Ben
Subject: FW: RTO Week -- Summary of Standards and Practices Panel

FYI.

TJ and Claudette--Please forward to your groups.  Thanks.
-----Original Message-----
From: Rodriquez, Andy
Sent: Thursday, October 18, 2001 4:46 PM

Standardizing Markets, Business, and Other Practices <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

Panelists for this discussion were:  Sarah Barpoulis, PG&E National Energy Group; William P. Boswell, GISB; Bill Burkes (substituting for David J. Christiano), City Utilities of Springfield, Missouri; David N. Cook, NERC General Counsel; Michael Kormos PJM Interconnection; LeRoy Koppendrayer, Minnesota Public Utilities Commission; and Marty Mennes, Florida Power & Light Company.

 General Observations

 The Commissioners were all present the majority of the time (Massey left late in the  afternoon).  FERC Staff was active in the discussion; however, the commissioners were very active as well, asking perhaps as much as 70% of all questions.  There was a general consensus that standards were needed; much discussion focused simply on how much and by who. The Commission seemed very interested in leaning what they needed to do to move the industry forward and how far they needed to go.  Panelists urged the need to mover forward as quickly as possible, but both they and FERC seemed to recognize that some of the issues regarding standardized market design and such needed to be addressed before RTOs could really begin to move forward.  There was discussion on identifying which industry group (NERC or GISB) would take the reins in the future.  On an interesting tangential note, there was noticeable conflict between NERC and GISB, with veiled insults between the two organizations somewhat common during the discussions.

 FERC Deliverables

A great deal of the discussions focused on identifying what the industry needed from the Commission.  Staffers probed all panelists to find what they felt was critical.

The first major topic was "How many RTOs?  What is their scope?"  All panelists seemed to agree that this question needed to be answered immediately by FERC, in strong definitive language.  N o one offered any specific language, but seemed to be urging FERC to issue a formal statement.

The next topic was, "What will be standard market design?"  Panelists varied on this, but most felt strong guidance from FERC is urgent.  Some urged for one mandatory design for North America, one supported a set of rigid standard designs, one supported a single design with requests for exceptions (followed by an in-depth review process), and one seemed to prefer the current situation.

The commission in general seemed to be very interested in understanding what the industry needed to move forward.  They continually visited this topic throughout their discussions, asking questions like, "Do we need to issue a Mega-Order that addresses all these issues?" and, "How much detail do you need us to provide?"   General feel from the panelsists seemed to be they wanted strong leadership in this areas.  Kormos and Burkes went so far as to say FERC should "Mandate as much as they felt comfortable - and then go a little further."  Others seemed to be a little worried about this idea, but in general did not oppose the concept, citing only general warnings and the need for cautious investigation.

One item of interest: Wood referred to the filing made by the Electronic Scheduling Collaborative and specifically asked if the items identified in the "RTO Design and RTO Implementation" section would address many of the questions and uncertainty facing the industry with regard to RTO design.  Kormos indicated that clear and specific answers to these questions specifying a course of action would go a long way toward guiding the industry.  The section to which Wood referred was one that I wrote, and asked the following questions:

?         Congestion Management - When Operational Security Violations occur, how is the system to be stabilized in a fair and equitable manner that is nonetheless efficient?  Will LMP based systems be standard, or will there be others that must be accommodated?

?         Transmission Service  - Are transmission services required to schedule ("covered" schedules only), or are they risk management tools protecting from congestion charges (both "covered" and "uncovered" schedules are allowed)?

?         Loop Flows  - Are contract-path based or flow-based transmission services appropriate?  If contract-path based, how are parallel path issues to be addressed?

?         Grandfathered Transmission Service - Should contracts existing prior to RTO development be transferred, or is there an equitable way to retire those contracts?  Are there other solutions?

?         Energy Imbalance Markets - How are imbalance markets to function? Will they serve as real-time energy markets (support unbalanced schedules), be limited to supplying needs of imbalance service (require balanced schedules), or will they be required at all?

?         Ancillary Services - Will ancillary service markets be developed in standard ways?  Will entities be required to actually schedule ancillary services (required to schedule), or will they be treated primarily as financial instruments (protecting against real-time POLR charges)?

?         Losses - Can we utilize the imbalance markets to support losses?  Can we create specific loss standards that facilitate the scheduling process, or must we support methods that are currently in tariffs, but technically unwieldy?

?         Non-Jurisdictionals - How are non-jurisdictionals to be integrated into the new world?  Should systems be designed with the assumption that non-jurisdictional will be part of an RTO?  Or should they be designed to treat each NJE as a separate entity?

Hopefully, FERC will use this section as a template to answer these critical questions in an assertive manner, and give some solid direction in which to move. Kormos emphasized the need for concrete answers to these questions, pointing out that vague answers (i.e., "do congestion management") will take a year or two to resolve, but specific answers (i.e., "LMP with financial hedging instruments") will take only months.  The Commission asked Mike about moving forward, and he told them that effectively, it was impossible to move forward with implementation without getting these issues addressed.

Now for a  funny point - One of the commissioners (I think Breathitt) referred to some concerns expressed in the Northwest that their high concentration of hydro power makes LMP inefficient for the Northwest.  Kormos flat out said, "My profession is understanding how power systems work, and I don't believe that that statement is true."  He then backpedaled a bit and said that it would need more study, but he stood by his statement that the assertion by the Northwest interests was false.

NERC and GISB

A great deal of discussion focused around the need for a single standard-setting organization.  Massey went so far as to ask, "Are we looking at a beauty contest between NERC and GISB?"  Cook and Boswell then went into several short polite jabs at each other's organizations.  Other participants continually reiterated the need for ONE, INDEPENDENT organization.  Interestingly, Boswell was very emphatic about the established trust and respect in GISB, while Cook preferred to only talk about the "new" structure of NERC and did not focus on its history.

Brownell offered some not-too-subtle passive support of GISB by pointedly asking both Cook and Boswell if they lobbied political positions (i.e., were they not only an organization but also a stakeholder?).  GISB was easily able to say they were not, but NERC of course had to admit to their romancing of Congress and the Bush administration for reliability legislation. Point, Brownell.

Mennes acted as somewhat of a supporter for NERC, playing Dave Cook's yes-man.  He probably did them a little bit of harm by pointing to NERC's supposed "successes," such as TLR and E-Tag.  If staffers have tenure, they will likely remember that these "successes" have not been so successful, resulting in several filings and interventions.  We may also wish to file comments in specific objection to these claims, to refresh their memory and to show the pretty picture Marty painted was in fact a fiction.

There was a little discussion about splitting reliability and market issues, but general consensus was that I could not be done.  There was also some talk of folding NERC under GISB/EISB.

The arguments began winding down after a some time, and Boswell strongly urged the Commission to speak to industry executives and advocacy group leadership to see whether NERC or GISB should lead the industry forward.  NERC somewhat less enthusiastically supported this position.  In general, I would say it was a close fight but GISB came out more on top.

Let me know if you have any questions.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


(1)  I just received my copy of the Annex to the 2000 ISDA Definitions.  Have
we previously distributed the "2000 ISDA Definitions" (consolidation of the
1991, 1998 Supp. and certain other 1998 Euro Definitions)?

(2)  I have the blue file for Swiss Bank/ENE.  We need to change the label in
conformity with our procedures for mergers.  Taffy, can you handle, please?


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Start Date: 4/20/01; HourAhead hour: 9;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042009.txt


Here are the last two we did.


Start Date: 1/6/02; HourAhead hour: 22;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010622.txt


FERC has set a meeting for Monday18 June 10 am PDT wherein it has noticed its
California and WSCC-wide dockets.  The meeting has been timed in advance of
congressional hearings (by Senator Joseph Lieberman) that were set for later
in the week.

Expect FERC to respond to intense political pressure to expand its current
price mitigation measures, possibly to a WSCC-wide scope or to all hours, or
both.

As far as I know Hebert is still President of the FERC, which would speak to
less intervention rather than more.

We will forward information as we learn it.

Alan Comnes

US FERC To Meet June 18 On Western US Electricity Prices

06/11/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- The U.S. Federal Energy Regulatory Commission has
scheduled a special meeting June 18 to address pending matters involving
electricity markets in California and neighboring Western states.

The commission's meeting notice provides no details, except to list for
discussion four cases involving price mitigation in, and the structure of,
volatile power markets in California and 10 other Western states.

The meeting comes as members of Congress are placing enormous political
pressure on the commission to take more drastic action to contain runaway
electricity prices in the region.

Last week, House Minority Leader Dick Gephardt, D-Mo., joined 21
Western-state congressional lawmakers to request an opportunity to appear
before the commission to argue their case for cost-based price controls in
the region's electricity markets.

"At least twice, FERC has determined that the Western electricity market is
'dysfunctional' and that prices are 'unjust and unreasonable' under the
Federal Power Act. Despite these findings, and contrary to the law, the
commission has failed to bring these rates to just and reasonable levels,"
the lawmakers said in a letter to FERC Chairman Curt Hebert.

By Bryan Lee, Dow Jones Newswires, 202-862-6647, bryan.lee@dowjones.com

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
02:22 PM ---------------------------

	From:  Shalesh Ganjoo                           01/23/2001 09:30 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Energy Risk Management Book

Vince,

As per our conversation I am sending you this request for a copy of the
article on building forward curves for Electricity.  Please let me know if
you need any further information.  Thank you.

Shalesh Ganjoo


Yup, everyone is invited to play with the high schoolers Thursdays at 6 PM.
OES is out Scholls Ferry Road a half mile past the Beav-Hills Highway, turn
left on Nicol Road, follow to the end.  Hope to see y'all there.

Adam

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


CALENDAR ENTRY:	APPOINTMENT

Description:
	Mike Bryant-out of office

Date:		1/17/2001
Time:		5:00 PM - 6:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Jay , Louis

I just wanted to confirm with you guys that we are going to run the Base Gas
Roll for Feb 2001 production tonight.
Tomorrow night we will follow up  with the updating of records to UNIFY.

If this is not possible or incorrect please let me know.

Thanks
GG


----- Forwarded by Jeff Dasovich/NA/Enron on 02/22/2001 01:23 PM -----

	John Neslage@ENRON_DEVELOPMENT
	02/22/2001 10:37 AM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Aaron Klemm/Western Region/The Bentley Company@Exchange@EES@ENRON, Mike
D Smith@EES
		 Subject: Re: Regulatory update

We are in the process of distilling this list down to its essentials, and
when we are done, I will forward it along to the group.  So as not to hold
you up, I am attaching a comprehensive list of proposed legislation in both
the Assembly and the Senate in California, along with short summary of what
each piece of legislation purports to do.

Thanks-

John


CALENDAR ENTRY:	APPOINTMENT

Description:
	Customer Accounts Quarterly Status Mtg.  conference room 4102

Date:		6/27/2001
Time:		1:30 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Thanks to everyone for their work on the Senate hearing.  There are a couple
of follow-up items:

Thanks to the Portland and Washington teams, Sen Wyden is very interested in
identifying the kind of information we need from the ISO (and PX to the
extent it's still relevant) to make the market work better.  We have written
this up before, I think we just need to put it in letter form.  Alan --
please take the lead on this and get a draft to Linda.  I think we should
identify the information and also prepare a letter for the Chairman (?) that
could be sent to the FERC.
Murkowski (the Committee Chairman) asked for an itemized list of things the
fed should do to expedite siting as well as anything else we feel is
necessary  to address the California crisis.  We have identified the need for
open access across the nation, but he is looking for what can be done in the
2-4 month time frame.  Dave, I think your memo to me is a good start.  Sue --
could you please put those and any other suggestions in letter form and get
them to Linda?
Finally, Sen Feinstein asked all of the witnesses to ask their CEOs not to
"price gouge" -- yes, that's what she said.  She appealed to everyone's
community spirit and asked suppliers to forbear charging high prices while
California struggles to fix its problems.  I think we should send a response
from Ken.  Jeff -- please take a cut and get to Linda.  I think the basic
messages should be:  we are actively working on solutions with California
policymakers (forward contracting was our idea after all); we are actively
pursuing demand reduction in the state, etc.  We should also explain the
nature of our business and pick up on some of the other solutions we
identified in the written testimony, offer to meet to discuss further, etc.


---------------------- Forwarded by Mike Carson/Corp/Enron on 12/04/2000
04:55 PM ---------------------------

Matt Besch <m_besch@yahoo.com> on 11/30/2000 02:10:37 PM
To: Rebecca Villanueva <VillanuevaR@BRONCOS.NFL.com>, rebecca
<rebeccam@pocketmail.com>, Steve Servais <steveservais@yahoo.com>, shari
tellman <sharitellman@yahoo.com>, barry terranova <bterranova@lcclark.com>,
kevin vanemburgh <kevinvanemburgh@hotmail.com>, Bill Poteet
<bill_poteet@nmss.com>, chris johnson <chjohnson98@hotmail.com>, David Vogel
Ksu93 <Ksu93@aol.com>, Kristin Lane <kristin.lane@nytmg.com>, kristin lane
<kittynyt@aol.com>, James Mairet <james.mairet@kwikset.com>, Jayson and Mary
<jaymar@ckhnet.com>, Blair Goering <blair.goering@janus.com>, GREG HANSEN
<captbigpapa@yahoo.com>, Jim Hess <JHess75671@aol.com>, Mike Hoppe
<mchoppe@worldnet.att.net>, Libby Buttner <libbster007@hotmail.com>, Mike
Carson <mike.carson@enron.com>, Kevin Conard <conard789@hotmail.com>, cody
downard <cdownard@vailresorts.com>, Jason BAXENDALE
<Jason.Baxendale@umb.com>, margaret bek <m_bek@hotmail.com>, "Margaret
\(student\) Bek" <margaret.bek@pepperdine.edu>, Charlie Besch
<Charlie.Besch@graphic-tech.com>, Jonathan Besch <jon_besch@yahoo.com>,
Matthew Bower <mbower@bellatlantic.net>
cc:

Subject: New Cell Phone Number

hello all...just to let you know, my cell phone number
has changed.

The new number is:
305-923-5687

Take care,

matt

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 01/08/2001
03:54 PM ---------------------------

"Stacey Bernstein" <stadogb@email.msn.com> on 01/08/2001 02:01:40 PM
To: <ELITVAK273@aol.com>, "Gerri Harris" <Mtnester99@aol.com>,
<Grt2BaGatr@aol.com>, "Jamie Harris" <Jamie@mediastrategies.com>, "John M
Coon" <JCoon4@compuserve.com>, <Jrharris@Lilly.com>, "Matt Lenhart"
<Matthew.Lenhart@enron.com>, <robyntaylor11@msn.com>, <Scottyhouse@aol.com>,
<SPEVBA@aol.com>, "Stephanie Valdes" <svaldes@iname.com>, <Tabi2323@cs.com>,
<TSalterM@aol.com>, <WORLDTRENDMEDIA@aol.com>
cc:

Subject: Fw: Something to think about...

----- Original Message -----
From: Elizabeth Defilippis <edefilippis@bbcintltd.com>
To: 'Amy Cassis' <afk96@aol.com>; 'Amy Poli' <polyi1010@dellnet.com>; 'Brian
Wilson' <flrawilson@aol.com>; 'Chris Tozzi' <piktoz@aol.com>; 'katie
Mittelman' <jmittelman@email.msn.com>; 'Nancy Carrieri' <nandive1@aol.com>;
'Tabatha Crook' <tabi2323@cs.com>; 'Patricia Toscano' <Planpluto@aol.com>;
Cleo Moran <cmoran@bbcintltd.com>; Dianne Rodriguez
<drodriguez@bbcintltd.com>; Hector Ramirez <hramirez@bbcintltd.com>; Miranda
Edwards <medwards@bbcintltd.com>; Nanette Boyer <nboyer@bbcintltd.com>;
Phyllis Gittman <pgittman@bbcintltd.com>; Wendy Reyes
<wcedre@bbcintltd.com>; Linda Maldonado <lmaldonado@bbcintltd.com>
Sent: Monday, January 08, 2001 9:32 AM
Subject: FW: Something to think about...

>
>
> > -----Original Message-----
> > From: Melanie Kojoyian
> > Sent: Monday, January 08, 2001 9:08 AM
> > To:   Dreanna Nakao; Diem Nguyen; Florence Italy; Josie Vrooman;
Mercedes
> > Coplin; Miranda Edwards; Oswaldo Saiki; Sonia Bucheit; Tonette Carrion;
> > Jennifer Colombo; Elizabeth Defilippis; Catherine Donnelly
> > Subject:  RE: Something to think about...
> >
> >
> >
> > -
> >
> >
> >
> >
> >
> > -
> > > >
> > > >This is what The Dalai Lama has to say on the millennium, which
> > > >actually begins 01/01/2001 (and not 01/01/00).  All it takes is a
> > > >few seconds to read and think about.  Do not keep this message.  the
> > > >mantra must leave your hands within 96 hours.  You will get a very
> > > >pleasant surprise.  This is true even if you are not superstitious.
> > > >Instructions for Life in the new millennium form the Dalai Lama:
> > > >
> > > >Take into account that great love and great achievements involve
> > > >great risk.  When you lose, don't lose the lesson.  Follow the three
> > > >Rs: Respect for self, respect for others, responsibility for all
> > > >your actions.  Remember that not getting what you want is sometimes
> > > >a wonderful stroke of luck.  Learn the rules so you know how to
> > > >break them properly.  Don't let a little dispute injure a great
> > > >friendship.  When you realize you've made a mistake, take immediate
> > > >steps to correct it.  Spend some time alone every day.  Open your
> > > >arms to change, but don't let go of your values.  remember that
> > > >silence is sometimes the best answer.  Live a good, honorable life.
> > > >Then, when you get older and think back you'll be able to enjoy it a
> > > >second time.  A loving atmosphere in your home is the foundation for
> > > >your life.  In disagreements with loved ones, deal only with the
> > > >current situation.  Don't bring up the past.  Share your knowledge.
> > > >It's a way to achieve immortality.  Be gentle with the earth.  Once
> > > >a year, go someplace you've never been before.  Remember that the
> > > >best relationship is one in which your love for each other exceeds
> > > >your need for each other.  Judge your success by what you had to
> > > >give up in order to get it.  Approach love and cooking with reckless
> > > >abandon.  Do not keep this message.  The mantra must leave your
> > > >hands within 96 hours.  You will get a very pleasant surprise (this
> > > >is true even if you are not superstitious) if you send it to: 0-4
> > > >people: your life will improve slightly.  5-9 people; Your life will
> > > >improve to your liking.  9-14 people and above: your life will
> > > >improve drastically and everything you ever dreamed of will begin to
> > > >take....
> > > >
> > > >
> > > >Namaste Om Shanti,
> > >
> > >
> > >
> >
> >
> >
> >
> >
> >
> >
> >
>


Due to a delay with the printing of the direct deposit advices for the March
30th payday, the advices will be distributed later than normal.  We
anticipate the majority of the advices will be received by Friday
afternoon.   Please be assured this does not impact the deposit of funds to
your bank account.  Your funds will be available on payday, Friday, March
30th.

Please remember that eHRonline provides functionality which allows you to
electronically access your earnings statement.  If you need help with your
logon id or password, please use the automated reset password and id lookup
process online.  If you need further assistance with your ID or password,
please contact the ISC Call Center at 713-345-4727.

We apologize for any inconvenience this may cause.

Corporate Payroll
713-345-5555


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Dear Valued Customer,

This holiday season, you can enjoy peace-of-mind ordering with
Giftbaskets.com. But hurry, Standard Ground Shipping Delivery ends
midday  Friday, Dec. 15. Save money on shipping by ordering before
Dec. 15. Of  course, last minute gift ideas are always available until
Dec. 22 using our Gift Emergency Service.

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All proposed names have now been included and duplicates removed (I
think).....DW/EC no changes for Europe so go with your list.  Let's
coordinate on timing when you all get in.  All names new US names have been
selected off of the Fortune 500 (non energy) where there is public debt and
an investement grade rating.

Please call me when you have a chance to look at them and let's discuss any
concerns.

Thanks for your assistance.

bs


We need to take the central off before the NY, NY Market, southeast curve files.  We need to add the GDI East curve file.  Also add the two east phy/gas daily curve files - o:tds/tds curve/east/intramonth & gas daily files/eastprodnewstyle and eastmktnewstyle.  Sandra's curve file is o:tds/tds curve/east/fteast.  The P&L files are o:erms/1intra/ireport/2002/0102phy/regions/EATP0102 and o:erms/erms_adm/firmtrad/2002/0102/regions/Intra-East Transport 0102.
PL

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Wednesday, January 09, 2002 11:58 AM
To:	Winfree, O'Neal D.; Giron, Darron C.; Valdes, John; Palmer, B. Scott; Love, Phillip M.
Cc:	Gossett, Jeffrey C.
Subject:	estate files

Are there any other files/directories that the estate people in risk will need to use to do their jobs.  IT will have to go into each macro and change the database that it is using to the new one they are creating this weekend.  I don't know if any of you are still using any exotic spreadsheets other than the transport model.  Please let me know if there is anything I'm missing.  (curve files)

Here are the files that use ERMS that the estate will be using.

O:\erms\erms_adm\firmtrad\Benchmark\2002\Jan-02
O:\erms\erms_adm\firmtrad\2002\0102\regions
O:\erms\Excel Queries\ (Netco will need a copy of these files moved with them)
O:\Transport\Central Transport\2002\Jan02
O:\TDS\TDS Curve\Central
O:\TDS\TDS Curve\East
O:\TDS\TDS Curve\GD-Central
O:\TDS\TDS Curve\Central\NY
O:\TDS\TDS Curve\Central\NYMarket
O:\TDS\TDS Curve\Central\Southeast
O:\TDS\TDS Curve\Central\Texas
O:\TDS\TDS Curve\Central\West


Rosemary:

Here are the addresses you needed for three wires processed in December that
you faxed to Dana last week.  These are December payables, so they need to
be entered for December business.   Let me know if you need any more
information from me.

Thanks,
Pam
3-6595
---------------------- Forwarded by Pam Becton/HOU/ECT on 01/02/2001 11:58 AM
---------------------------

	Enron North America Corp.

	From:  Eric Wardle                           01/02/2001 10:31 AM

To: Pam Becton/HOU/ECT@ECT
cc:
Subject: St. Mary's Bank Info

Pam,
Here is St. Mary's address:

St. Mary's Production, LLC
1717 Woodstead Court, Suite 207
The Woodlands, Tx 77380

Below is the Southwest Bank of Texas information sent by St. Mary's.

Let me know if you need any additional information.

---------------------- Forwarded by Eric Wardle/HOU/ECT on 01/02/2001 10:28
AM ---------------------------

	Enron North America Corp.

	From:  Eric Wardle                           12/04/2000 06:36 PM

To: Tammy Barta/HOU/ECT@ECT
cc:
Subject: Bank Info

---------------------- Forwarded by Eric Wardle/HOU/ECT on 12/04/2000 06:35
PM ---------------------------

"Preston Exploration, LLC" <preston@prestonexpl.com> on 12/04/2000 06:22:07 PM
To: <ewardle@enron.com>
cc:
Subject:

Eric:
?
Our bank address is:
?
Southwest Bank of Texas
5 Post Oak Park
4400 Post Oak Parkway
Houston, Tx.? 77027
A. Stephen Kennedy
Senior VP - Energy Lending
?
Jay Hartman
?


This was the last notice about IT capacity on Transco.  It was posted on the
4th at 11:22 AM.

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: John McGrath 713-215-2514
December 4, 2000

To: Transcontinental Gas Pipe Line Corporation Customers and Shippers

Re: Market Area IT Availability - December 6, 2000

The available interruptible transportation service (IT and secondary FT)
on Transco for pipeline day Wednesday December 6, 2000 and continuing
until further notice is summarized as follows:

Tier I and Tier II (only Sta. 90 through Sta. 180 affected)  0 MDt/day

South Virginia Lateral Compressor Station 167    OPEN

Tier III (Station 180 through East)     0 MDt/day

Leidy - at Centerville Regulator Station (Only    50 MDt/day
Deliveries downstream of Centerville regulator affected)

Linden Regulator Station      50 MDt/day
(Located in Union County, New Jersey)

Mobile Bay Lateral       162 MDt/day

The above available interruptible transportation service refers to
deliveries into the affected area that have receipts upstream of
the bottleneck or affected area.

If you have any questions, please call John McGrath at (713) 215-2514
or Jeannette Sirois at (713) 215-2651.

J. E. McGrath
Manager
Operations Planning


Ben,

Please see the attached memo concerning the above subject.  Please call if
you have additional questions.

Thanks,

Patrick  x36174


Nancy:

Here is the final.  Couple things.  The short answers are in the word document.  The long answers  are in two separate excel files.  I used the spreadsheet that you gave us to do the last long answer (the Fannie Mae question).  You can find the answer in a tab titled "Long Answer--Question IIb" and it's highlighted by yellow background.  The data for the problem is in the "data" tab.

Thanks again for a fantastic course and hope to run into you in the near future.

All the best,
Jeff


Mike, I hadn't seen your email when we talked today.  I'm fine with whatever
approach you want to take with the documents.  I'll call in for the meeting
with Stan tomorrow.  I have the phone number.  Sorry we got cut off on the
MOPS issue today.  I'm a little communication impaired up here, but I'll call
on Wed. or Thur. on MOPS.  in the mean time, please grab whoever you need
from my group to get the thinking underway on the new strategy.  Thanks.  DF

Michael Moran
04/24/2000 01:22 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: The two documents

These look fine to me. My sense is that Stan will go over Northern's offer in
the initial phone call with Ted Davis; therefore it may make sense to just
combine the two for Stan's purpose but keep the 2nd one seperate as the basis
for a document to fax to Davis after the phone call.


Maybe I'm wrong, but I don't think we've done that on the other two deals.
Kathleen would know.

"Reuter, Marisa" <MReuter@KSLAW.com> on 06/05/2001 02:33:13 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: ENA/Blue Dog: Incumbency Certificate

For the escrow.  Unfortunately, Citibank's form contained the following
language in the signature block: "In witness whereof, I have hereunto set my
hand and affixed the corporate seal of the Company this ______ day of May,
2001."

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, June 05, 2001 12:04 PM
To: Reuter, Marisa
Subject: Re: ENA/Blue Dog: Incumbency Certificate

Is this for the escrow or other docs?  I know Citibank does not require a
corporate seal.  What BS!

Kathleen is out sick, so it will be a day or two.

Kay

"Reuter, Marisa" <MReuter@KSLAW.com> on 06/05/2001 10:09:11 AM

To:   "'Kathleen.Carnahan@enron.com'" <Kathleen.Carnahan@enron.com>
cc:   "'kay.mann@enron.com'" <kay.mann@enron.com>, "Keffer, John"
      <JKeffer@KSLAW.com>

Subject:  ENA/Blue Dog: Incumbency Certificate

Kathleen:

Paul Hastings would like ENA to resign the Incumbency Certificate, since
the
original Certificate did not affix the corporate seal.  Could you
coordinate
this and make sure the seal is affixed to the new Certificate?  Thanks.

Call me if you have any questions.

Regards,

Marisa

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not
the named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

(See attached file: Reuter, Maria I. (Business E-Mail Address).vcf)

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
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named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


I'm not sure.  9:12 AM - I left a message for Brian Lamb at Columbia Gulf.

 -----Original Message-----
From: 	"Mark Ellenberg" <Mark.Ellenberg@cwt.com>@ENRON
Sent:	Monday, March 25, 2002 9:09 AM
To:	Germany, Chris
Cc:	McMichael Jr., Ed; Mann, Kay; Garza, Maria; Concannon, Ruth; Shemin V. Proctor (E-mail)
Subject:	Re: FW: FTS-2 Capacity Auction

are they auctioning our property?

Mark C. Ellenberg
Cadwalader, Wickersham & Taft
1201 F Street, NW
Washington, DC  20004
202.862.2234

                    "Germany,
                    Chris"                 To:     "Concannon, Ruth"
                    <Chris.Germany@        <Ruth.Concannon@ENRON.com>, "Mark Ellenberg
                    ENRON.com>             (E-mail)" <Mark.Ellenberg@cwt.com>
                    Office:                cc:     "Garza, Maria" <Maria.Garza@ENRON.com>,
                                           "Shemin V. Proctor (E-mail)"
                    03/25/02 10:04         <sproctor@akllp.com>, "Mann, Kay"
                    AM                     <Kay.Mann@enron.com>, "McMichael Jr., Ed"
                                           <Ed.McMichael@ENRON.com>
                                           Subject:     FW: FTS-2 Capacity Auction

FYI, ENA has (or had) about 50,930 of primary receipts at Venice.

>  -----Original Message-----
> From:         navigator@nisource.com@ENRON
> Sent:         Monday, March 25, 2002 8:56 AM
> To:           navigator@nisource.com
> Subject:           FTS-2 Capacity Auction
>
>
>                        COLUMBIA GULF TRANSMISSION COMPANY
>                         NOTICE TO ALL INTERESTED PARTIES
>                                  MARCH 25, 2002
>
> Notice ID: 3582
> 5 - NO RESPONSE REQUIRED
>
> Columbia Gulf Transmission is auctioning 47,395 dth/d of onshore firm
capacity
> from Venice to Rayne, Louisiana at CGT's maximum onshore FTS-2
transportation
> rate.
>
> This capacity will be available April 1, 2002, with bids due by 2:00 p.m.
> (Central Time) on March 25, 2002.
>
> Details of this capacity auction may be found in the Columbia NAVIGATOR
system
> under the capacity release folder, offer number 35598.
>
> For additional information please contact Brian Lamb at (713) 267-4251.
>

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

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================

==============================================================================
NOTE:  The information in this email is confidential and may be legally privileged.  If you are not the intended recipient, you must not read, use or disseminate the information.  Although this email and any attachments are believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

==============================================================================


Notice No. 01-53
February 12, 2001

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

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading
Floor and Clearing Members
________________________________________________________________

The expiration date for the March 2001 options contract for Gasoline-Crack
(CGH1) and Heating Oil-Crack (CHH1) is Friday, February 16, 2001.

 GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trade=s adjusted for the previous 4 business
days by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers ATO@ your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer AFROM@ your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

STANDARD
EVENT                APPROXIMATE TIME    USUAL                FAST FACTS(F)
MESSAGES                 OF MESSAGE  EVENT TIME             E-MAIL    (E)
                        AVAILABILITY
BOTH      (B)

Announce Out-of-the        5:45PM   5:45PM  F
Money Exercise and In-the-Money
Do Not Exercise Submissions

Announce Final Input to C21   6:30PM   6:45PM  E
Cutoff Time

All positions are deemed final          7:30PM   6:45PM  F

Announce Exercise/Assignment   8:25PM   8:30PM  B
Information Available on the Single
Position Maintenance Windows

All Report Distribution is  11:00PM  11:00PM  F
completed

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

                                                      REFERENCE
TIME ACTIVITY                    EVENT                           NUMBER
3:30 PM Exercise Notice Submission  Input C21 Cutoff Time              1
 Do Not Exercise Submission Input C21 Cutoff Time              2

3:45 PM Announce Out-of-the Money       Fast Facts Notice                    3
        Exercise and In-the-Money
        Do Not Exercise Submissions

4:55 PM Announce Final Input to C21     C21 E-Mail                           4
        Cutoff Time

5:10 PM Final Input to C21 Cutoff Time                               5

5:10 PM All positions are deemed final Fast Facts Notice              6

6:30 PM Announce Exercise/Assignment    Fast Facts Notice and C21 E-Mail     7
        Information Available on the
        Single Position Maintenance
        Windows

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-53)"

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: K. Bass [mailto:daphneco64@alltel.net]
Sent: Wednesday, September 26, 2001 11:33 AM
To: Bass, Eric
Subject: Sun-Sentinel News Local

Hi Eric,

Well, I wasn't overreacting after all.  I got a crdit from AmEx as of next billing cycle (Oct. 4).  I just hope it is a permanent credit and not temporary.  I believe they will honor it.

Have a great day.  LU-M

  <http://www.sun-sentinel.com/news/local/southflorida/sfl-renaissance926.story>


I thought you might be interested in this.  Seems they didn't go down without a fight after all.
-Jim

Monday  August 20 7:41 PM EDT

Compaq Unveils 208-Key Keyboard

	Houston, TX - Compaq announced today the release of a 208 key keyboard for people who hate the "shift" key. In a sluggish PC market Compaq is pinning its hopes on new innovative products.

Director of Product Development Erik Mancil said, "We're a company that takes chances. Sure our 13 button mouse didn't go over well, but we attribute that to poor marketing not product design. The 208 position keyboard is bound to be a blockbuster product."

Compaq plans to launch a $25 million marketing blitz using the slogan "Frightened of a shift-y keyboard?  This keyboard has been scared shiftless."

 According to keyboard researchers at Compaq, the standard 104 position computer keyboard layout was designed to slow down typists so the monitor can keep up.  Their research showed that the new shiftless design increased speed and accuracy in research subjects with only one finger and in a couple of monkeys.   "Consumers of the new keyboard might have to make a little bit more room on their desktop," said Ted Belford, "but most people have plenty of room."

Belford dismissed critics of the keyboard who called it "ridiculous" and "impossible to use" by stating, "What do they expect with our slashed R & D budget?"

"I'M GLAD THERE'S A COMPANY THAT IS ADDRESSING MY NEEDS," said Tyrone Dinardi of the SHIFT KEY HATERS ASSOCIATION, "SURE 'CAPS LOCK' WILL WORK FOR THE LETTERS, BUT DID YOU KNOW YOU CAN'T GET THE AT SIGN WITHOUT USING SHIFT?  HOW ANNOYING IS THAT?"

"That's the type of user we're targeting," said Mancil, "We're also working on a 312 key version.  We really hate the 'control' key too."

full online article at:
<http://www.bbspot.com/News/2001/08/keyboard.html>


See Below.
----- Forwarded by Deb Korkmas/HOU/ECT on 08/30/2000 01:59 PM -----

	Mary J Heinitz
	08/30/2000 01:54 PM

		 To: Deb Korkmas/HOU/ECT@ECT
		 cc:
		 Subject: Missing File

The original documentation delivered in connection with the First Amendment
to Indenture dated as of March 26, 1999 among Brigham Exploration Company,
Chase Bank of Texas, Joint Energy Development Investments II Limited
Partnership and ECT Merchant Investments Corp. has been removed from the
Legal Dept. file room, although the empty file folder was left on the
shelf.   Please check your office and return the contents of this file to me
AS SOON AS POSSIBLE.

We are having a penalty-free week for return of files.  Please help them find
their way back to the file room.


I concur legally and contractually.  That was the intent of the agreement.
All we gave up was our right to LD claims for construction schedule and
initial performance, not for warranty claims.

However, given that the total amount is on the order of $0.4MM and given that
SW's cooperation is vital in getting a written letter stating that running
the Gleason units through the summer will not be detrimental, and
vane/diagram replacement will be under warranty in October, I believe it
might prove more valuable to wait until after closing to initiate a claim.

Legally speaking, once we close, do we still have the right to collect on a
warranty claim??

Mitch

From: Stuart Zisman@ECT on 04/20/2001 09:34 AM
To: Ross Newlin/HOU/EES@EES
cc: Mitch Robinson/Corp/Enron@Enron, Don Miller/Enron@EnronXGate, Kay
Mann/Corp/Enron@Enron

Subject: Westinghouse - State Group Claims

I spoke with Kay and she agreed that her interpretation of the settlement
letter was the same as mine (i.e. no waiver of warranty claims or claims of
faulty construction/design).  Subject to Mitch's agreement (because he had
the primary role in the negotiation of that settlement with Westinghouse), we
would suggest writing a letter alerting Westinghouse of our claim and of our
desire to meet quickly to discuss this matter.  The letter might also suggest
that if we are not able to resolve this matter quickly we expect to draw down
on the letter of credit.  This latter threat might gain the level of
attention that we desire.  Of course, I would be careful about how it is
phrased (it might be worthwhile to run it by Andy Edison, the litigator).

Stuart


Just to give a head's up,

In case I'm not here and you have to get something signed for EnronOnline,
Louise Kitchen absolutely does not want any other officer signing documents
for her group.  The only two signatories for EnronOnline are Louise and Andy
Zipper, Vice President.  FYI, we do have a resolution in place that allows
certain individuals to sign password applications (only!) on behalf of
EnronOnline.


The status of the case has not changed. On Monday the 27th the court will
hear our Motion for Summary Judgement on liability. We expect to win. Badack
is contesting the damages and we will be required to endure some discovery. I
predict we will have a judgement that we can excecute on by the 1st Q. Badack
has increased its settlement offer to $2.4 million. We have offered $4.5
million.

	William S Bradford
	11/20/2000 07:56 PM

		 To: Brant Reves/HOU/ECT@ECT
		 cc: Mary Lynne Ruffer/HOU/ECT@ECT, Rebecca Ford/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT
		 Subject: Re: Badak

Badak is still in dispute.  Our litigation team headed by Richard Sanders is
still negotiating with the company on some possible settlement.  We may need
to write this balance down at some point.  I am not sure when to expect
resolution to our negotiations.

We will keep you posted as it progresses.

Bill

Brant Reves
11/20/2000 01:08 PM
To: William S Bradford/HOU/ECT@ECT
cc:
Subject: Re: Badak

Bill,

Where do we stand with Badak?

thanks
brant

---------------------- Forwarded by Brant Reves/HOU/ECT on 11/20/2000 01:08
PM ---------------------------

Mary Lynne Ruffer
11/20/2000 12:25 PM
To: Brant Reves/HOU/ECT@ECT
cc: Cynthia Shoup/HOU/ECT@ECT, Rod Nelson/LON/ECT@ECT, Rebecca
Ford/HOU/ECT@ECT
Subject: Re: Badak

Brant - Can you give us an update on Badak?  Thanks.
---------------------- Forwarded by Mary Lynne Ruffer/HOU/ECT on 11/20/2000
12:21 PM ---------------------------
From: Rod Nelson on 11/20/2000 06:06 PM GMT
To: Mary Lynne Ruffer/HOU/ECT@ECT
cc:
Subject: Re: Badak

Maybe you should speak to Bill Bradford or Brant Reves.  I'm not sure I have
the latest news.  I can say that we terminated the positions and invoiced
Badak after they failed to deliver (this was several months before my move to
London).

If you'd like we can arrange a call with you, Bill and myself (I'd like
someone from Houston to be involved).

Rod

Mary Lynne Ruffer
11/20/2000 05:57 PM
To: Rod Nelson/LON/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT, Cynthia Shoup/HOU/ECT@ECT, Rebecca
Ford/HOU/ECT@ECT

Subject: Badak

Rod - We still have a receivable on our balance sheet for Badak.  Can you
update us on the status?  Thanks.


Supplemental documents for the Gilroy Peaker Project are now available under
the applicant's files section at:

http://www.energy.ca.gov/sitingcases/peakers/gilroy/documents/index.html

Bob Aldrich
Energy Commission


Attached is a revised Credit Watch listing for the week of 11/05/01.   There are no updates from last week's list.
If there are any personnel in your group that were not included in this distribution, please insure that they receive a copy of this report.
To add additional people to this distribution, or if this report has been sent to you in error, please contact Veronica Espinoza at x6-6002.

For other questions, please contact Jason R. Williams at x5-3923,  Veronica Espinoza at x6-6002 or Darren Vanek at x3-1436.


The report named: CE P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=4&report_name=CE+P/L&category_cd=3&category_name=CENTRAL&toc_hide=1&sTV1=3&TV1Exp=Y&current_efct_date=11/21/2001>, published as of 11/21/2001 is now available for viewing on the website.


Would still like to catch periodically - can your assistant contact me to
discuss ( say ) a fortnightly/monthly call ?

From: Thomas D Gros/ENRON@enronXgate on 22/02/2001 13:29 CST
To: Mike Jordan/LON/ECT@ECT
cc:

Subject: RE: Commodity Logic Strategy Overview

Unfortunately, some of the slides sent to you were drafts and are now
somewhat outdated.  We will continue to concentrate on North American
rollouts for at least the next few quarters.  There is no formal date on the
schedule for a European rollout.

 -----Original Message-----
From:  Jordan, Mike
Sent: Thursday, February 22, 2001 12:57 PM
To: Gros, Thomas D.
Cc: Whitaker, Steve
Subject: Commodity Logic Strategy Overview

Can we follow up last week's chat  - especially around European deadlines !!
---------------------- Forwarded by Mike Jordan/LON/ECT on 22/02/2001 18:56
---------------------------
From: Mary Solmonson/ENRON@enronXgate on 22/02/2001 10:52 CST
To: Mike Jordan/LON/ECT@ECT
cc:

Subject: Commodity Logic Strategy Overview

 << File: Vision1.ppt >>