FYI.  We should discuss.

Best,
Jeff
-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Saturday, August 25, 2001 2:14 PM
To: Vicki Sandler; Tamara Johnson; Mara, Susan; Steve Huhman; Roger Pelote; Rob Nichol; Randy Hickok; Nam Nguyen; Jim Crossen; Dasovich, Jeff; Janie Mollon; Jack Pigott; Greg Blue; George Vaughn; Gary Ackerman; Ed Cazalet; Denice Cazalet Purdum; Curtis Kebler; Curt Hatton; Corby Gardiner; Charles Miessner; Carolyn Baker; Bill Ross; Karen Shea; Max Bulk
Subject: IMPORTANT ! : Motion of San Diego Gas & Electric Company (U 902-E) for Adoption of an Electric Procurement Cost Recovery Mechanism and for Order Shortening Time

Yesterday, SDG&E filed a motion for adoption of an electric procurement cost recovery mechanism and for an order shortening time for parties to file comments on the mechanism.  The attached email from SDG&E contains the motion, an executive summary, and a detailed summary of  their proposals and recommendations governing procurement of the net short energy requirements for SDG&E's customers.  The utility requests a 15-day comment period, which means comments would have to be filed by September 10 (September 8 is a Saturday).  Reply comments would be filed 10 days later.

The filing provides the following discussion of direct access:

  _____

"Developing the net short requirements of consumers depends on the extent to which they might be served instead by third party providers. The level of direct access will affect these net short requirements. At present, there is substantial uncertainty concerning the future disposition of direct access and third party supply of retail customers that jeopardizes creation of an optimal plan. This uncertainty has the potential for increasing costs to San Diego retail customers as a result of unnecessary over- or under commitments. To resolve this uncertainty, the Commission needs to coordinate direct access with resource planning, at least on an interim basis. SDG&E discusses below how to provide for this coordination.

As the retail market matures, SDG&E expects that direct access elections will gain stability and will not be characterized by severe volatility. That stability will allow planners to make reasoned assumptions on direct access and rely on them in developing a procurement plan. However, today, direct access is subject to substantial uncertainty. Before the high prices of the summer of 2000, approximately 20% of SDG&E's retail load had elected direct access. By the beginning of 2001, direct access had reduced by nearly half. More recently, SDG&E has seen an increase in direct access, perhaps as a result of two factors: first, would direct access customers be able to avoid paying a share of CDWR contract costs, and second, would the state suspend direct access, as appears to be permitted under ABx-1 1. Furthermore, the legislature is considering legislation that would permit direct access, and other bills that would encourage municipal aggregation of load. The effect of this latter bill is similar to direct access, but it could cause large quantities of load to leave or return to the system quite abruptly.

These events illustrate the need for added coordination between direct access and resource planning. The necessary coordination could come by using an open enrollment period each planning cycle under which direct access elections take place. During that enrollment period, the utility is provided information on the amount of load electing direct access (or municipal aggregation) and the length of the direct access commitment. This open enrollment period would last for 90 days and commence 180 days before SDG&E is scheduled to submit its procurement plan. Customers over 20kW would make commitments to service by suppliers other than SDG&E of at least 5 years. Smaller customers would make minimum one year commitments. These commitments and the use of a specific enrollment period would provide SDG&E with the information it needs to plan to meet net short requirements and minimize the risk of over- or under-commitment.

In order to ensure an orderly process that protects consumers, change of service would not occur until the commission ruled on the procurement plan, and, to the extent that the commission determined that excessive direct access placed an unreasonable burden on utility customers, it could choose to limit direct access. Those electing to leave utility procurement would pay an exit fee to cover the costs of commitments made by CDWR and utility retained generation committed to those customers in order to protect remaining customers. As a result of this change, SDG&E would not plan to provide commodity service to departing customers. Customers returning from direct access prematurely would be subject to a re-entry fee and to spot energy pricing, again to protect those customers who did not elect to switch.

Coordinating direct access with the planning process, at least for a near-term period, is important to ensuring a reasonable procurement plan."

  _____

The filing also briefly discusses competitive default supplier role:

  _____

"When the State embarked on industry restructuring, one purpose was to take advantage of the benefits that competitive markets can provide. Although California's experience with markets has not been as anticipated, it is still possible that a disciplined application of the market with adequate regulatory oversight can offer advantages to consumers. In fact, some states have undertaken to use the competitive market to meet customers' net short requirements. For example, in parts of Pennsylvania, the State decided to auction off a piece of the procurement obligation to the competitive market. California may decide that it wants to do the same type of thing. If a portion of the net short is auctioned off in this manner, from a planning standpoint, it should be treated the same as direct access: SDG&E will need adequate notice and information to facilitate its planning for any net short position remaining to be served, and the same use of exit fees and re-entry fees should also apply."

  _____

There are a number of issues here which I think WPTF may want to comment upon, as we have dealt with many of these issues in previous filings.  Please let me (and others) know if you agree.

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com

----- Original Message -----
From: Evans, Darleen <mailto:DEvans@sempra.com>

Sent: Friday, August 24, 2001 4:49 PM
Subject: Motion of San Diego Gas & Electric Company (U 902-E) for Adoption of an Electric Procurement Cost Recovery Mechanism and for Order Shortening Time

<<A.01-01-044 Procurement Plan(v1).DOC>> <<A.01-01-044 Exc. Summary(v1).DOC>> <<A.01-01-044 Motion(v1).DOC>>

_________________________________

Darleen Evans

Sempra Energy - Law Department

619-699-5056

devans@sempra.com <mailto:devans@sempra.com>


I am pleased to announce the following changes in the Global Risk Management Operations organization:

Bob Hall will lead operations for Enron Americas. Bob previously served as one of the business controllers for gas operations for Enron Americas, with direct responsibility for Gas Logistics and Volume Management.  The leadership team reporting to Bob will include Peggy Hedstrom (Calgary Operations), Jeff Gossett ( U.S. Gas Risk and South America Operations), Stacey White (U.S. Power Risk), Leslie Reeves (U.S. Gas and Power Confirmations and Settlements), and Bob Superty (U.S. Gas Logistics).

Brent Price will continue to lead Operations for Enron Global Markets and fulfill his dual role as Chief Accounting Officer for Enron Global Markets.

I am very pleased to announce that Kevin Sweeney will lead Operations for Enron Industrial Markets.  Kevin brings to his new role extensive risk and operations experience from stints in our Houston, London and Singapore offices.  Kevin fills the role that was previously held by Brenda Herod, who will now report directly to Beth Apollo.

Beth Apollo will be the Operations Project Manager for the assimilation of EES Wholesale. This will include Deal Capture, Risk Analysis,  Confirmations, and Global Data functions which have been moved into EWS under Global Risk Management Operations.  Successfully leveraging the infrastructure to support the EES business plan will also require close coordination with Gas Logistics, Settlements and the Operational Analysis (OA) process, and Beth will actively coordinate operations efforts with these teams and the commercial teams.  I have asked Beth to project manage the effort to look for opportunities to streamline and improve systems, processes and controls, and to consider alignment, where it makes sense, with existing EWS processes.  Reporting to Beth will be Scott Mills, with a focus on Deal Capture, Risk Analysis and Confirmations, and  Brenda Herod, with a focus on invoicing control guidelines and reporting requirements.

Beth will also continue to manage the Global Services function, which includes the consolidated DPR process and Global Operations Standards, led by Shona Wilson, and the Global Data function which is lead by James Scribner.

Mike Jordan will continue to lead operations for Enron Europe, working closely with me and other EWS operations leads to insure the proliferation of best operational practices worldwide for Enron.

Thanks for your continued support especially in exploring and seizing commercial opportunities to strengthen our contributions to Enron.


Gerald,

Anyway we can move this up on your action items?

thanks
brant

Gregory Schockling@ENRON
02/12/2001 03:57 PM
To: Brant Reves/HOU/ECT@ECT
cc:
Subject: Exxon credit

BRant,

I got a call from my contact at Exxon regarding the PG your working on.
Vicki Brown needs the paprework as soon as possible, they only have 2 days of
credit left with us and we're buying some day gas from them.

Let me know the status or if I can help

Thanks

Greg Schockling


The issues discussed during the May 1, 2000 environmetnal conference call
were as follows:

Home Officing- Employees within OTS and EHS have been asked to pilot a
telecommunicating and home officing program.  The reson being to make
available desirable office space within the Enron, Three Allen Center and
Brookhollow office buildings.

MIke Terraso's Replacement-    John Shafer has been selected to replace Mike
Terraso as V.P. of GPG for Environmental and Safety.  John was formerly
Director of Environmetnal and Safety for ANR Pipeline out of Chicago, Ill.
John will assume responsibilities within Enron on May 8.

Performance Testing of Grandfathered Units-   There was some confusion with
repsect to the internal position within GPG of testing grandfathered units.
It was understood by some team members that internal portable emissions
testing would only occur if the grandfathered unit had permitted limits on an
air permit  or if there was a special need by the DES.  In order to clarify
this issue, Bill will discuss this with legal and distribute a notice to the
appropriate individuals within GPG outlining the GPG position on testing .

Skill Base Pay- Bill is suggesting a reworking of the O&M, field trainee, and
Level I, II and III training modules and TV Guides by the SBP review
committee.  Bill will distribute to the committee existing documents for
reworking and revision.  The committee will reveiw, make changes and return
back to Bill by the mid term review meeting.

O&G MACT-    Bill will approach Marc Phillips about conducting an internal
training for all DES personal on the forthcoming notification and conditions
of the Oil and Gas MACT regulation and its applicability to the facilities in
GPG.  Bill will notify each DES as to when the meeting is scheduled and
where.  An Enron letter will be developed and distributed to the field by 5/5
to notify EPA of those facilities which are impacted by the new MACT
regulations.  It will be the DES's responsibility to make the notification to
the EPA.

MId Term Peer Review Meeting-   Bill Kendrick, Rick Cates and Ken Crowl will
keep the DES's apprised of the details relevant to the mid term review
process and procedures to be employed for doing the review.

Cooling Tower Issue-     A request was made by BIll Kendrick to send legal a
list of histortic or active cooling tower sites within GPG, that may have
impacted groundwater at a site.   The criteria to be used for this
notification is knowledge of chromate use in the cooling tower and/or
relative proximity to a nearby recptor (drinking water well).

Tracking Cleanup Costs-    MIke Terraso has requested work orders to be
generated for tracking costs associated with cleanup and remedation of spills
and releases.  The "cut line" for the work order generation is $1,000.


Ken,  Attached is the form of tasking letter.  Please fill out Part I or have
Karl Durant fill it out as best we can.  You can return the form to me and I
will forward to High Mountain for execution.


schedule
----- Forwarded by Steven J Kean/NA/Enron on 01/21/2001 02:49 PM -----

	Kathy Dodgen@EES
	01/19/2001 05:56 PM

		 To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, David W
Delainey/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, John
J Lavorato/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron, Vicki
Sharp/HOU/EES@EES
		 cc: Rosalee Fleming/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Carol Moffett/HOU/EES@EES, Karen K Heathman/HOU/ECT@ECT,
Liz M Taylor/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Karen Owens/HOU/EES@EES,
Leasa Lopez/HOU/EES@EES
		 Subject: California Action and Next Steps Meeting. Monday, January 22

From Dan Leff:

A California discussion meeting has been scheduled for Monday, January 22,
immediately following the Executive Committee Meeting (approximately 12
p.m.).
Thank you.

Dan Leff

Rosalee - Can you please let me know if the Board Room is available for this
meeting (it's late Friday afternoon and I am unable to find out this
information).   I will call you on Monday.  Thanks for your help.

Kathy Dodgen
3-6077


I am not sure what happened with the update I sent out...it seemed to have cancelled it in some people's calendars.  If you are still able to make it please come by.   It will be for no more than 30 minutes.

Today at 1:30 in room EB19c1

Thank you and I do apologize for the inconvenience.

 -----Original Message-----
From: 	Clay, Monica
Sent:	Monday, October 29, 2001 10:19 AM
To:	Keiser, Kam; McLaughlin Jr., Errol; Gossett, Jeffrey C.; Winfree, O'Neal D.; Love, Phillip M.; Baumbach, David; Best, Kristine; Husain, Karima
Subject:	Today's Meeting Location

Our meeting today, to adress a change in the warning screen that pops up when an incorrect date is entered by a trader, will be held in EB19C1 from 1:30 until 2pm.

Thank you.

Monica Clay
Enron Net Works, LLC
1400 Smith Street
Houston, Texas 77002
713-345-7227
1-800-97-ENRON


Trena:  In the next week or so, I will be devoting most of my time and
attention to Gary's world.  I met with Gary last week, and he suggested that
I give you a call to see if you needed any legal assistance.  I am available
for whatever you might need me for.  My number in Houston is 713/853-5620.
I'm looking forward to working with you.  Regards.  Sara


Moving forward, inch by inch.

ckm

Jake Thomas@ECT
04/24/2001 10:46 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: ENA/PPL Citibank Escrow Agreement

With my limited knowledge of escrow agreements - this look fine to me

Jake

Kay Mann@ENRON
04/24/2001 08:14 AM
To: Jake Thomas/HOU/ECT@ECT
cc:
Subject: ENA/PPL Citibank Escrow Agreement

fyi

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/24/2001 10:14
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/24/2001 09:55:47 AM
To: "'gregorylang@paulhastings.com'" <gregorylang@paulhastings.com>,
"'iparker@freshfields.com'" <iparker@freshfields.com>,
"'estelle.a.lawrence@citi.com'" <estelle.a.lawrence@citi.com>,
"'rvicens@deltapower.com'" <rvicens@deltapower.com>
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>, "'stephen.thome@enron.com'"
<stephen.thome@enron.com>, "'paul.garcia@enron.com'" <paul.garcia@enron.com>

Subject: ENA/PPL Citibank Escrow Agreement

 <<RED.Escrow Agreement Enron Salmon LLC.DOC>>

Ladies and Gentlemen:

Enclosed is a revised draft of the Escrow Agreement marked to reflect
changes from the draft previously circulated.  Please review and advise of
any comments.  We hereby request that ENA and PPL provide or confirm as
applicable the relevant wire transfer information in Sections 3 and 4 of
Part I, in order that execution copies may be circulated  for execution
later today.  Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosure:137032vR5/4

                    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.

 - RED.Escrow Agreement Enron Salmon LLC.DOC


As most of you may already know, Kelly Mahmoud has resigned from ENA
(effective 3/31).  There are a few items we need to discuss how ENA wants to
manage going forward.  These include (among potential others):

paying incoming bills (I currently have the checkbook)
accounting
incoming mail
fiscal reporting for cal 2001
dissolution of the company this year ( we don't want to keep incurring
franchise taxes, paying auditors, etc...)
outstanding litigation issues/risks
monetization of the DLGP equity

Probably wouldn't hurt to have Robert Stephens from Bracewell Patterson
present as well but I'll leave that call up to Dan Lyons and Richard
Sanders.  Also, feel free to invite others as any of you see fit.

BETH - PLEASE TRY AND SET UP A 1 HOUR MEETING W/ AS MANY OF THE LIST ABOVE AS
SOON AS POSSIBLE.


ily
dq


Dear Enron Employee:

Houston Ballet is presenting The Nutcracker through Sunday, December 30.  The production has been hailed by the Houston chronicle as "the crown jewel of holiday entertainment," and is a perfect introduction to the world of ballet for families and audiences of all ages.  Enron has been a long-time supporter of the Ballet, and we would like to thank you with a special invitation from Houston Ballet and TicketMaster for discount tickets to The Nutcracker.

Click on the following links below to receive a 25% discount on tickets to any of the selected performances of The Nutcracker.

To place your order, click on the link below to choose your day and time.  When requesting your tickets, you may choose from best available seats or a specific section, however, all ticket prices may not be available.  Ticketmaster service and handling charges will apply to your order.

Your company code is: NUT1.

Happy Holidays and enjoy Houston Ballet.

Performance Dates and Times:

Wednesday, December 26 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345C3DE86FB&event_code=EHL1226

Thursday, December 27 at 7:30pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345D10FB243&event_code=EHL1227

Saturday, December 29 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDB2A7A1&event_code=EHL1229M

Sunday, December 30 at 2:00pm
https://ticketing.ticketmaster.com/cgi/purchasePage.asp?event_id=C003345CDDBA7F9&event_code=EHL1230M


missing deal for apb

dianna

buy dynegy
94.00
25 mw
10-30
mid c
on peak


The Equistar deal 156337 is the sale and swing all in one.  I only have two
deals for this counterparty, one for the sale and one for the buyback.

	From:  Robert E Lloyd                           04/05/2000 02:23 PM

To: Julie Meyers/HOU/ECT@ECT
cc: Pat Clynes/Corp/Enron@ENRON, Daren J Farmer/HOU/ECT@ECT, Robert E
Lloyd/HOU/ECT@ECT
Subject: Buyback / Deficiency Deals Worksheet

 Please make the following changes and redistribute your  worksheet.   Thanks
!

 1). Please update Equistar "Swing"  Sitara ticket # as: 156337. Equistar
"Sale" should reflect
      " various" due  to the different deals associated with this
counterparty.

 2). Valero Marketing  & Supply "undertake" Sitara ticket #'s are as follows:

            Mtr. 981394....148396
          Mtr. 988018....148381
          Mtr. 981233....148388

 3). Valero Marketing & Supply "Swing" Sitara ticket #'s are as follows:

          Mtr. 981394......148391
         Mtr. 988018......148382
         Mtr. 981233......148386

 4). Valero "Sale" Sitara ticket #'s are as follows: Mtrs. 981394....148390;
981233...148384; 988018...148376


damn bitch.  just let me know when.


Capital for red rock between 2001 and 2002
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 10/26/2000
11:43 AM ---------------------------

Daily-Blessings <dailyblessings.10@lists.postmastergeneral.com> on 10/25/2000
11:17:05 PM
To: judy.hernandez@enron.com
cc:
Subject: Daily-Blessings 10/26/00

Daily blessing

http://www.daily-blessings.com/bless209.htm

Fish Tale

http://www.daily-blessings.com/humor41.htm

please visit our sponsors!

have you taken advantage of the no-cost-to you insurance being offered?
check them out!
http://www.daily-blessings.com/insurance.htm

want to work from home? check out this free download
http://www.daily-blessings.com/cjworkfromhome.htm

looking for scooters?  here's a link to check out!
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need to relax?  thought about tai chi?  don't have much time?  check this out!
http://www.daily-blessings.com/cjtaichi.htm

<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://inbound.postmastergeneral.com/remove?dailyblessings:10
* Enter your email address (judy.hernandez@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "dailyblessings:10".

OR...

* Reply to this message with the word "remove" in the subject line.

This message was sent to address judy.hernandez@enron.com
X-PMG-Recipient: judy.hernandez@enron.com
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>


Enron employees may find the current circumstances stressful.  We want to remind you that Enron's Employee Assistance Program (EAP) is still available and currently offering services to assist you and your family.

Group Discussions
Beginning this week, Enron's EAP provider, Innovative Resources Group, will be facilitating group discussions for employees who are interested in attending. These sessions are designed to address the challenges employees may be facing and to suggest ways to minimize the impact of stress on employees and their families. These sessions will be held on Wednesday, January 30 and Thursday, January 31 at the following times in EB32C2:

	9:00 am -- 10:00 am
	11:00 am -- 12:00 pm
	1:30  pm --  2:30 pm
	3:30 pm --   4:30 pm

No advance registration is necessary -- simply come to EB32C2 at the scheduled day and time that is most convenient for you.

Onsite Confidential Counseling / 24 Hour Hotline
EAP Counselors are available for individual, confidential appointments onsite in the Enron Building or at a variety of neighborhood locations.  Counselors are also available via telephone 24 hours a day, seven days a week for Enron employees in all locations.  The EAP counseling service is provided at no cost to employees and their family members.  To schedule an appointment or speak with a counselor, please call the onsite office at 713-853-6057 or the 24-hour number at 1-800-345-1391.

Informational Brochures
Additional information about EAP programs will be available in the Body Shop, the Health Center on the third floor of Enron Center North and soon in the common kitchen areas on all floors of the Enron Buildings.

Websites
The following links may also provide helpful information:
www.stress.org -- This is the website of the American Institute of Stress. The site provides general information on stress management and links to other related sites.
www.wellnessjunction.com -- This website has been developed by Health Resources Publishing and provides targeted information on trends in wellness and health promotion.


Please find attached update on Elektro.

Britaldo

---------------------- Forwarded by Rejane Pansiera/SA/Enron on 23/05/2001
19:10 ---------------------------
From: G G Garcia/ENRON@enronXgate on 23/05/2001 15:19 CST
To: Richard Shapiro/NA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Joe
Kishkill/SA/Enron@Enron, Jeffrey E Sommers/ENRON@enronXgate, James A
Hughes/ENRON@enronXgate
cc: James A Hughes/ENRON@enronXgate, Ginger Dernehl/NA/Enron@Enron, Connie
Blackwood/ENRON@enronXgate, Rejane Pansiera/SA/Enron@Enron, Edineth R
Santos/SA/Enron@Enron, Leigh Ann Van Houten/ENRON@enronXgate, Sonnia
Reyes/ENRON@enronXgate

Subject: Conference Call - Enron Latin America Update

Please plan to participate on a conference call to discuss Enron Latin
America as follows:

 Time:  7:30am Houston time
 Date:  Thursday, May 24
 Toll Free #: 888 353-1144
 Caller Paid: 973 321-2002
 Code:  208991#

If you should have any questions, please contact me at 713 345-4906

Thank you,
G G Garcia


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 08/07/2000
07:05 AM ---------------------------

Chris Gaskill@ENRON
08/04/2000 03:13 PM
To: John J Lavorato/Corp/Enron@Enron, Phillip K Allen/HOU/ECT@ECT, Scott
Neal/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT
Subject: Gas fundamentals development website

Attached is the link to the site that we reviewed in today's meeting.  The
site is a work in progress, so please forward your comments.

http://gasfundy.dev.corp.enron.com/

Chris


Hi Mr. Kaminski,

Thank you for taking your time to interview me for opportunities at Enron. I
enjoyed talking you and learning more about Enron and its dynamic business
environment. I appreciate your consideration for a challenging and rewarding
position in this industry. Please find the attached copy of my dissertation.
If you have any problem in compiling this file, please let me know.

I respected your insights and perspective on the issues addressed in my
Ph.D. dissertation; including the issues on creative model building, factors
affecting natural gas and elctricity demand and supply, and implementation
of these models to simulate the future and help traders in the decision
making of their day to day business.

I appreciated talking with you. Thank you for considering me. I am
enthusiastic about opportunities at Enron and look forward to hearing from
you.

Sincerely

Dipak Agarwalla

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com

 - Dissertation-Dipak Agarwalla.doc


I am happy to introduce a new addition to the West Power Structuring Desk -
Glenn Surowiec.

Glenn received his MBA from SMU in 1999 and has since worked for Enron in two
capacities: 1) Structured Finance in Houston and 2) Commodity Structuring at
EBS in Portland.

Pleae stop by and introduce yourself to Glenn and join me in welcoming him to
our office.

Todd A. Perry    503.464.8122 (work)
Enron North America   503.807.6106 (cell)
121 SW Salmon Street   503.464.3740 (fax)
3WTC 0306    todd.perry@enron.com
Portland, OR  97204


Clayton:

Here are some preliminary answers to your questions (and I have copied GPG
and Government Affairs folks as well to share this information):

1)  I am currently assessing the situation regarding pipeline safety
legislation.  This week has been very quiet on Capitol Hill as all of the
members are back in the states on August recess running for re-election and
it is a big vacation week for staff...but here's what I am hearing:

As you may or may not know, we have been been very active this year trying to
temper pipeline safety legislation that was fairly reactionary in the wake of
last summer's liquid pipeline accident in Bellingham, WA.

SENATE:  In June, Senators John McCain (R-AZ) and Slade Gorton (R-WA) led the
charge to pass a pipeline safety bill (S. 2438) out of the Senate Commerce
Committee, and that bill is awaiting floor action in the Senate.   Because of
the hasty way in which S. 2438 was drafted and passed, there was a
realization by both Republicans and Democrats in the Senate that the bill
could not make it to the floor for a vote until some serious changes were
made -- mostly things that were deal breakers for industry.  Enron and El
Paso were leading the charge and we had a number of Senators backing our
efforts to negotiate changes, including Majority Leader Trent Lott (R-MS),
Kay Bailey Hutchison (R-TX), John Breaux (D-LA), and Sam Brownback (R-KS).
From what I've learned since the accident, these Senators are not changing
their strategy and are still asking for the same improvements.  Fortunately,
most of the changes we were looking to make were fairly technical and not the
types of things that would be seriously compromised by the accident.
Industy was already in the position of having to accept a number of things
they never would have if not for he Bellingham incident...the El Paso
incident just reinforces those.   The biggest potential effect I see from the
El Paso accident is an increased effort to pass something before the Congress
adjourns in early October.  The New Mexico Senators are already calling for a
floor vote on the McCain/Gorton legislation, and I there will certainly be
greater pressure on leaders to wrap up negotiations, get agreement from all
sides on a bill, and move it unanimously through a vote on the Senate floor.

HOUSE:   The House is moving a bit more slowly, but again, I'd expect the El
Paso situation to expedite things somewhat.  There were several bills
introduced in the House that were not moving anywhere, including an identical
copy of the McCain legislation introduced by Rep. Bob Franks (R-NJ).  Franks
is now anxious to move legislation, as he is running for Senate and would
love to take credit for helping out on an issue of national visibility.
Before the accident, House Tranportation Committee leaders on both the
Democrat and Republican side were working on a "consensus" bill that they
could introduce in early September and move quickly through the Committee and
to the House floor.   I'm told that negotiations on that legislation are
moving forward and a draft bill will be produced shortly.  Unlike our
experience in the Senate, we have had significant input into the bill in
advance, and expect something that we can live with -- and something more
reasonable than the McCain bill.   With that said, there may be an effort to
expand the bill in a few areas because of the El Paso accident, so we'll have
to see what kind of hand we're dealt in the next few weeks.

Overall, I'd expect pipeline safety legislation to be given higher priority
when Congress returns after Labor Day.  In the absence of this accident, I
would have given it slim odds of passing in the few short weeks until
adjournment, with appropriations bills taking up most of Congress' precious
time.   Now there will be greater pressure to come to consensus and move
bills through by an expedited process, so that everyone running for election
in November can show that they've done something about this terrible
tragedy.   With that said, there's still not that much time to get
legislation through, so I'd say that there's still a chance it may not get
done this year.   If I had to attach a number to it, I'd say that the El Paso
accident improves the chances of legislation going all the way to probably
50-60%.

2)  Gas supply to California:   I'll have to do some more checking in this
area and get back to you.   All I've heard so far is that the safety
questions that remain may slow the speed of restarting flow on the line,
notwithstanding that El Paso thinks it can have things running again fairly
quickly.   I'm sure the power crunch in California will put some
counter-pressure on, but I just don't have good intelligence on this yet.

With all this said, I'm on vacation this week and parts of next week
finishing up some leave I've taken for the birth of our new baby daughter, so
I may not have an additional report for you until early to mid next week.

If you have questions, please respond by e-mail, or leave a message on my
voice mail at 202-466-9157.

Regards,

Jeff Keeler

	From:  Cynthia Sandherr                           08/23/2000 09:48 AM

Sent by: Allison Navin
To: Clayton Seigle/HOU/ECT@ECT
cc: Jeffrey Keeler/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON

Subject: Re: pipeline aftermath

Jeff Keeler in our office handles pipeline safety issues and I am copying him
on this e-mail so that he may reply to you directly.  Also, Cynthia is out of
the office through the end of the week but will be reachable tomorrow and
Friday.  Thanks.

Allison

Clayton Seigle@ECT
08/22/2000 06:29 PM

To: Cynthia Sandherr/Corp/Enron@ENRON
cc:

Subject: pipeline aftermath

Hi Cynthia:

The commercial officers here are very concerned with the El Paso pipeline
explosion in New Mexico.  We would love to get some input from your group on
the following questions if possible:

1.  What is the status of pipeline safety legislation on the Hill, and what
is the outlook for action between now and the end of the year?

2.  What are people from California saying about the added pressure on gas
supplies, and what are people from New Mexico saying about restarting the
flow of gas while safety questions remain?

These questions come straight from the top, and any information you could
provide would be very helpful.  Please write me back or call and let me know
if/when you think we might be able to get some initial answers.

Thanks very much!

Clay


No, you're correct.  In the spreadsheet, there were three sorts of "items":
discontinued ops, unusual items, extraordinary items, and accounting
changes.  The sale of the assets came about in the attempt to "trim the fat"
(or manage earnings, you make the call).  Here's the line item from my
spreadsheet:

It came right after the entries for the "unusual loss from the government
ban."  I included it with the "unusual" items (right after discontinued ops
and right before extraordinary items.  Big question is, is it included
already.  I assumed not, since (though it's confusing), the problem makes is
sound like none of the additional "agenda items" were accounted for.  I don't
think it's a huge deal, though.  The questions left a lot of room for
ambiguity.

Best,
Jeff

	Dylan Windham <dwindham@uclink4.berkeley.edu>
	11/20/2000 02:16 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re: This Week's case

Maybe I am confused.  I thought that the sale of the assets was separate
from the discontinued operations of the Feed division.  Unfortuneatly I do
not have my book here to check.

Dylan

At 10:30 AM 11/20/2000 -0600, you wrote:

>See attached.  Just a couple of typos corrected in strike-out-underline.
>Question:  Thought I'd included the gain on sale as "unusual" as opposed to
>"extraordinary."  If we leave it out, are we assuming it's already included
>in the $9.5MM?  If so, we might want to include a note at the bottom of the
>spreadsheet like, $9.5 MM figure includes $750,000 gain on sale of certain
>assets completed in 1995."  Or am I just totally out lunch on this one.
>
>Thanks.  This one was a little messy.  You did a great job of pulling it
>together.
>
>Best,
>Jeff
>
>(See attached file: Agrofeed Final Version 1120.doc)


Toni:  give me a call so we can discuss Josh.  Also, I need Cynthia Lara
scheduled for interviews as soon as possible.  Thanks.  You can reach me at
31991.


Gina,

I like it.  I think it is very nice.  I know that employees will be glad to see this finally announced.

Thanks, Kim.

 -----Original Message-----
From: 	Taylor, Gina
Sent:	Wednesday, January 16, 2002 10:21 AM
To:	Holmes, Bradley; Blair, Lynn; Watson, Kimberly; January, Steve
Subject:	I need your feedback
Importance:	High

What do you think about Stan sending this message to all ETS employees and the employees in Jim Hughes international assets group?

Thanks for your feedback.

Can I hear from you by noon or so today?

Thanks, Gina

 << File: Chairman's Award Memo from stan horton announcing 2001 recipient.doc >>


Start Date: 4/22/01; HourAhead hour: 2;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042202.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 2 / Preferred:   1.94 / Final:   1.91)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


Attached please find this weeks summary of the most  recent CFTC Commitment of Traders Data for Natural Gas.

Thanks,
Mark
 - CFTC-NG-11-19-01.doc


Rahul,

I shall be glad to meet with you. Please, give me a call
when you get here.

Vince

Rahul Kumar@ENRON_DEVELOPMENT
08/16/2000 09:49 AM
To: Vince J Kaminski@ECT
cc:
Subject: Interview

Vince,

We had spoken a few weeks back, but were unable to meet due to our
schedules.  I will be back in Houston next week (August 21st), and would
appreciate the opportunity to meet with you and take your advice.

As I may have mentioned to you, I am interested in exploring opportunities
that are more US focused.  I think Paula Corey has already forwarded my
resume to you.  However, I have attached it to this note just in case.

I would really appreciate the opportunity to meet with you next week, and
would be grateful if you could let me know what time fits best with your
schedule.  I look forward to hearing from you.

Regards,

Rahul


I think we agreed to a specific bilateral prepayment option tesyerday which
will reduce the uncertainty around this issue and which will be addded by
Sara to the Confirms allowing voluntary optional bilteral termination
according to Market Quotation and Second Method.

From: Brian Kerrigan on 09/19/2000 08:09 PM CDT
To: Peter Keohane/CAL/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, Greg
Johnston/CAL/ECT@ECT
Subject: Re: Alberta PPA Financing - Prepayment Right

This response my be outdated given that I think we have resolved this
already, but my take on this is that in reality this won't really be an
issue.  I'm confident RBC and Enron will work together to unwind the
transactions in an appropriate manner.

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Peter Keohane                           09/19/2000 01:41 PM

To: Brian Kerrigan/HOU/ECT@ECT, Soma Ghosh/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Derek Davies/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT,
dpef@blakes.com, wen@blakes.com
cc: Sharon Crawford/CAL/ECT@ECT
Subject: Alberta PPA Financing - Prepayment Right

A seemingly unresolved issue is our right to prepay before the end of the
term of the swaps.  I believe this is something we want commercially, but
what is not clear to me is how we envision this working commercially.  In
other words, although any swap can be bought out, I do not believe the ISDA
documentation contemplates agreed terms for buy-out.  Rather, the party
seeking to get out early asks for the counterparty's offer and hits the offer
or not.  If RBC or Swapco was not willing to make an we are willing to
transact at, we might not be able to get out.  Perhaps Sara could advise if
my interpretation of the ISDA is right and, if so, Brian and Soma can confirm
how they see prepayment working without a specified prepayment right.

PK


- everymansremote.jpg


Calif Republicans May Prevail With 'Bailout' For Edison  ????
Updated: Wednesday, July 18, 2001 03:17 PM?ET ?????
?
By Jason Leopold

Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--Assembly Republicans could upstage Democrats in the
California Assembly Wednesday in a bid to rescue ailing utility Southern
California Edison Co. from insolvency.

And they may do so with a bill its backers unabashedly call a "straight
bailout" for the Edison International (EIX, news, msgs) unit.

"This how the minority in the Assembly can use their votes to derail majority
legislation," Jamie Fisfis, spokesman for the Assembly Republican Caucus,
said Wednesday.

The bipartisan bill, introduced by Assemblyman Rod Wright, D-South Central
Los Angeles, and Assemblyman Keith Richman, R-Granada Hills, capitalizes on
partisan politics and dissatisfaction with several elements of a competing
bill sponsored by Assembly Speaker Bob Hertzberg, D-Van Nuys, and Assembly
Speaker Pro Tem Fred Keeley, D-Boulder Creek.

Both bills face a critical vote Wednesday in the Energy Costs and
Availability Committee. Wright said he's secured nine votes for his bill on
the 20-person committee - the eight Republicans and one Democrat. Keeley's
office said his bill needs one more vote.

"It's going to be close," Wright said minutes before the committee hearing.

Assembly Republicans and some Democrats are concerned by provisions in the
Hertzberg bill that would have the state buy the utility's transmission
lines, limit consumers' ability to choose their power provider and place the
burden of the rescue on businesses.

Bill Forgoes Power-Line Buyout

Wright's bill would forgo those measures, instead allowing Southern
California Edison to recoup more than $3.5 billion in unrecovered power costs
through a surcharge placed on utility bills in exchange for a commitment by
the utility to sell power from its generation units to the state at cost.

Southern California Edison executives said the Hertzberg-Keeley bill, which
would require the company to absorb some of its wholesale-power losses,
wouldn't allow the company to become creditworthy and return to the power
business any time soon.

Consumer groups have criticized both plans as bailouts and have vowed to
overturn the rescue efforts if either is enacted. Business groups, including
the state's Chamber of Commerce and the California Manufacturers and
Technology Association, said if large businesses are stuck paying for the
bailout, consumers will feel the pinch through increased costs in the retail
sector.

Steve Maviglio, press secretary to Gov. Gray Davis, said the governor is
"working with the Legislature for an appropriate balance that does not place
any undue burden on any sector."

Lawmakers have until Aug. 15 to pass legislation supporting an April
memorandum of understanding between Southern California Edison and the state,
but have an effective deadline of Friday, the last day before a month-long
summer break.

Neither bill in the Assembly nor another bill in the Senate implements in
full the terms of the MOU, which calls for the state to buy the utility's
transmission lines for $2.76 billion and allow it to issue bonds to recover
$3.5 billion in wholesale power costs it hasn't been able to recover from
customers, whose rates are frozen.

Edison has said it faces bankruptcy if lawmakers don't act by the MOU's
August deadline.

-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

____________________________________________________
Six Months Later, Edison's Utility May Still End Up Bankrupt
By Liz Goldenberg

Rosemead, California, July 18 (Bloomberg) -- Even if California lawmakers
pass a rescue plan to bail out insolvent Southern California Edison, some
analysts say bankruptcy may be the only solution.

``The reason they haven't filed remains more of a mystery than when they will
file,'' said Jon Kyle Cartwright, a senior energy credit analyst at Raymond
James & Associates Inc. in St. Petersburg, Florida, who isn't recommending
buying any debt sold by California utilities.

``If the weather heats up or their creditors wise up, they'll have to go into
bankruptcy,'' said Cartwright.

Six months after the state's No. 2 utility defaulted on its debt, California
lawmakers are debating a rescue package designed to restore it to investment
grade status. Any failure to do so by Friday, when the legislature is
scheduled to adjourn for a month, may result in a collapse of negotiations
between the lawmakers, the governor, and the utility, and ultimately,
bankruptcy.

There are at least three versions under consideration, each targeting
different groups, such as large businesses or power suppliers, to help foot
the bill for the bailout. There isn't any agreement as to what the rescue
should look like, who will pay, and who is to blame for the situation.

Acceptable Option?

The bad news for the utility and its creditors is that ``bankruptcy seems to
be an increasingly accepted option by the legislature,'' said Dorothea
Matthews, the senior utility analyst for CreditSights, Inc., a research firm.

Any three unsecured creditors can file a petition to put the utility into
bankruptcy. Debt holders, banks, and power generators are Southern California
Edison's unsecured creditors.

The original rescue, signed on Apr. 9, between Governor Gray Davis and Edison
expires on Aug. 15. If legislative action isn't taken by then, either party
can back out.

That is something that Southern California Edison may do, ``given the delays
that have plagued the rehabilitation process at virtually every stage,'' said
David Bodek, an analyst who covers the utilities industry for Standard &
Poor's, a credit rating company.

Edison may decide that its utility may fare better under the eye of a
bankruptcy judge rather than politicians.

The lawmakers' goal is to save the utility in a way that is palatable to them
and to California voters. Stock and debt holders aren't a priority, analysts
said.

Do the Right Thing

``Investors will brunt the majority of the pain here,'' said Raymond James's
Cartwright. ``An investment thesis that requires a group of politicians to
get together and do the right thing is ill fated -- there is no way of
knowing what the state will or will not do.''

On a conference call yesterday with investors holding Southern California
Edison debt in default, Edison chief financial officer Ted Craver said that
while all the legislation being debated has returning the utility to
creditworthiness as a goal, the language needed to achieve that wasn't
included.

``This is the beginning of the legislative process'' that will go on for the
next few days, he said.

Creditworthiness, which Edison officials say is the most important goal, is
determined by credit rating companies and investors, rather than by the
legislature or the utility.

Stay Tuned

``Our money is still on an eventual filing'' for bankruptcy, said
CreditSights' Matthews, who puts those chances at about 80 percent. ``Stay
tuned. It ain't over until the fat lady sings, but we think we can hear her
warming up in the wings.''

Southern California Edison accrued more than $5.4 billion in debts as it paid
soaring wholesale power costs that a flawed 1996 deregulation law prohibited
it from passing on to customers. It has defaulted more than $930 million of
maturing debt since Jan. 16, and lost its investment-grade credit rating. The
utility owes banks more than $200 million for loans coming due on Sept. 15
and has no access to the capital markets.

``With few notable exceptions, (utility) bondholders have been well served by
regulatory and political support for the financial well-being of'' utilities
such as Southern California Edison, S&P's Bodek said.

Lacked Support

California's utilities have ``lacked such support over the past year, as
manifested by a stubborn and prolonged resistance to remedial action despite
imminent insolvency.''

Pacific Gas & Electric Co., the state's largest investor- owned utility,
filed for bankruptcy protection on April 6 after racking up more than $9
billion in debts.

The state stepped in to keep the lights on and the power flowing after
suppliers refused to extend additional credit to the state's two largest
investor-owned utilities. California has spent more than $7 billion buying
power since January.

It is still possible that a last minute deal will satisfy all parties,
analysts said.

``What worries me is that there is nothing in the legislation that will allow
the utility to pass on reasonable power procurement costs in the future,''
said Susan Abbott, a managing director in the power group at Moody's
Investors Service, a credit ratings company.

``If a bill goes through that in no way addresses the issue of power cost
recovery for the utility, it would potentially be subject to the same
conditions that resulted in the financial distress it's experiencing today.''
 ? ?? ?


OK by me.

From: John J Lavorato/ENRON@enronXgate@enronXgate on 04/30/2001 11:30 AM
Sent by: Kimberly Hillis/ENRON@enronXgate
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joannie
Williamson/Corp/Enron@ENRON, Cliff Baxter/ENRON@enronXgate, James A
Hughes/ENRON@enronXgate, Steven J Kean/NA/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON@enronXgate, Mark
Metts/Enron@EnronXGate, Stephanie Harris/ENRON@enronXgate, Maureen
McVicker/NA/Enron@Enron, Loretta Brelsford/ENRON@enronXgate, Dolores
Fisher/Enron@EnronXGate, Sherri Sera/Corp/Enron@ENRON, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON@enronXgate, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/ENRON@enronXgate,
Mark Frevert/ENRON@enronXgate, Nicki Daw/ENRON@enronXgate, Lucy
Marshall/Enron Communications@Enron Communications, Kathy
McMahon/NA/Enron@Enron, Jeremy Blachman/HOU/EES@EES, Philippe A
Bibi/ENRON@enronXgate, Raymond Bowen/ENRON@enronXgate, Michael R
Brown/LON/ECT@ECT, Harold G Buchanan/HOU/EES@EES, Rick Buy/ENRON@enronXgate,
Richard Causey/Corp/Enron@ENRON, David Cox/Enron Communications@Enron
Communications, David W Delainey/HOU/EES@EES, James Derrick/ENRON@enronXgate,
Steve Elliott/Enron Communications@Enron Communications, Andrew S
Fastow/ENRON@enronXgate, Ben Glisan/HOU/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Rod Hayslett/ENRON@enronXgate, Stanley
Horton/Corp/Enron@Enron, Louise Kitchen/HOU/ECT@ECT, Mark
Koenig/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Jeffrey McMahon/ENRON@enronXgate, Mark S
Muller/HOU/EES@EES, Cindy Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken
Rice/Enron Communications@Enron Communications, Matthew
Scrimshaw/LON/ECT@ECT, Jeffrey A Shankman/ENRON@enronXgate, Jeffrey
Sherrick/ENRON@enronXgate, John Sherriff/LON/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Marty Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT,
Thomas E White/HOU/EES@EES, G G Garcia/ENRON@enronXgate, Susan
Skarness/ENRON@enronXgate, Karen K Heathman/ENRON@enronXgate, Sharron
Westbrook/Corp/Enron@ENRON, Kay Chapman/HOU/EES@EES, Bridget
Maronge/ENRON@enronXgate, Inez Dauterive/HOU/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Tori L Wells/HOU/ECT@ECT, Cathy
Phillips/HOU/ECT@ECT, Sue Ford/ENRON@enronXgate, Karen Owens/HOU/EES@EES,
Dorothy Dalton/Enron Communications@Enron Communications, Mercedes
Estrada/Enron Communications@Enron Communications, Christina
Grow/ENRON@enronXgate, Lauren Urquhart/LON/ECT@ECT, Laura
Taylor/ENRON@enronxgate, Judy G Smith/HOU/EES@EES, Suzanne
Danz/Corp/Enron@ENRON, Peggy McCurley/ENRON@enronXgate, Marsha
Schiller/ENRON@enronXgate, Tammie Schoppe/HOU/ECT@ECT, Kimberly
Hillis/ENRON@enronXgate, Jennifer Burns/ENRON@enronXgate, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Leah
Rijo/Enron Communications@Enron Communications, Kathy
Campos/ENRON@enronXgate, Julie Armstrong/Corp/Enron@ENRON, Kelly
Johnson/Corp/Enron@ENRON, Rebecca Carter/Corp/Enron@ENRON
cc:

Subject: VP Candidate Greg Shea

I would like to pursue an offer to Mr. Shea prior to the next Executive
Committee meeting on May 7, 2001.  Please forward your comments or questions
by Tuesday, May 1, 2001 so that I can extend the offer by Wednesday, May 2,
2001.

You will find attached the recommendation letter and his resume.

Regards,

John Lavorato

Tammie Schoppe on behalf of John Lavorato.


We have received the executed Letter Agreement dated February 15, 2000
amending the EnronOnline Electronic Trading Agreement.  Copies will be
distributed in the usual manner.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
04:41 PM ---------------------------

"Btu" <subs@btu.net> on 12/15/2000 04:30:32 PM
To: "Btu Weekly" <>
cc:
Subject: Btu Weekly

Attached is the latest issue of Btu Weekly.

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wg121800.pdf


I can't believe it -those Hoosiers actually beat a good team.  I'll admit
that UK is not a real team this year- they need better point guards and a
deeper bench, but lets get back to the real story.  Look at those Hoosiers
go! Have a good holiday if I don't talk to you guys.
Ben


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/18/2000
01:05 PM ---------------------------

"Julie" <julie@lacima.co.uk> on 10/17/2000 10:20:03 AM
To: <Fiona.Grant@enron.com>
cc: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
Subject: Fw: more energy amends

Fiona,
?
Please find attached a brochure for the advertisement of the  book.? It's
similar to the other material we sent, so I'm assuming it will  need the same
modifications.? Please pass along all the modifications as  soon as
possible.? Receiving the changes from Enron is the?only thing  holding up the
printing of the book.? Please let us know if there is  anything that you need
from us.
?
Sincerely,
?
Julie
?
Lacima Group
 - LRES ENERG DER A4 FLYER 2.pdf


There are several new computer viruses that are spreading rapidly on the internet.  The viruses target Windows computer users and arrives in e-mails with various subject lines like "Fwd:Peace BeTweeN AmeriCa and IsLaM!" The messages also contain attachments that can be directly executed by clicking on the attachment.  The most prevalent virus has an attachment named wtc.exe.

If you ever get an email with an attachment that has an executable file, you should never launch the attachment.  At Enron, these file types are blocked automatically from entering our environment.  However, if you would connect to an external email service (i.e. Hotmail, AOL, Yahoo, etc) while using an Enron computer or attached to the Enron network, you could infect our internal computing systems.  If you do, the virus could cause significant issues and prevent some of our systems from working effectively.

If you ever get an email that you are not sure about, simply delete the email and contact your resolution center to let them know how you obtained the message.  It is much better to be safe than sorry as we will be able to track down the origin of the virus in the Enron Network.

Thank you.
Enron Global Technology


I participated last weekend in the Leadership Forum for Fall 2001 of the Center for Houston's Future.  I wanted to thank you for recommending me as a member of the Forum.  I thoroughly enjoyed the opportunity to meet so many interesting, talented members of the Houston community.  I know that I will enjoy working with the group during our second session, November 1-3, as well as collaborating on some "homework" assignments that we will complete between now and then.   I especially am excited about the possibilities of making an impact on Houston's future through developing both relationships and action steps  through my association with the Center.   Thanks again for making this opportunity available to me.  --Sally Beck


OSU ANNOUNCES BOWL GAME TICKET POLICY
Oregon State University is announcing today its policies regarding tickets
for the bowl season.  The policies relate to the two most likely bowls that
the Beavers could attend, the Fiesta Bowl in Tempe, Arizona, January 1st, and
the Holiday Bowl, in San Diego, California, December 29th.

&Because of the uncertainty of the Bowl Championship Series we will probably
not know our destination until Sunday, December 3rd after all the conference
championship games have concluded,8 said Mitch Barnhart, Director of
Athletics at Oregon State.

Beaver Athletic Scholarship Fund donors and Season Ticket holders will be
receiving a mailing this week with the policies and an application form for
tickets.  An application form for the general public will be available on our
website, www.osubeavers.com, once a decision on a bowl site has been
finalized.

The Oregon State Alumni Association is sponsoring an official tour, which
will include a game ticket and other amenities.  For more information please
contact them at their Bowl hotline number 1-877-305-3759, or at their
website, http://bowlgame.orst.edu/.

For questions about your Beaver Athletic Scholarship Fund level or any other
questions regarding tickets please call the athletic department Bowl hotline
at 541-737-4144 starting Tuesday, November 28th from 8:30 AM to 4:30 PM PST.

If you would like to become a Beaver Athletic Scholarship Fund donor, or want
to increase your level of donation please call the BASF office at
541-737-2370.

OSU BOWL INVENTORY
Fiesta Bowl:  22,000
Holiday Bowl:  13,500

WHO GETS TICKETS
BASF Members/Season Ticket Holders
If you are a member of the Beaver Athletic Scholarship Fund and have
contributed the following levels for the 2000 calendar year, you may receive
up to the following amount of tickets to each game:
                        Fiesta     Holiday
Season Ticket Holder    1          0
$125 - $499             2          2
$500 - $999             4          2
$1,000 - $2,999         8          4
$3,000 - $5,999         10         8
$6,000 - $9,999         12         10
$10,000 - $24,999       16         12
$25,000 and above       20         20

If you do not fall into one of the above categories or would like to improve
your giving level to receive more tickets, please call the Beaver Athletic
Scholarship Fund at 541/737-2370.  Please note that existing members will
receive priority over new members.  A new member's contribution will be valid
for the 2000 calendar year.

ADDITIONAL SEATS
If you would like additional seats to your order outside of your contribution
level please note so on your application.  This does not guarantee these
seats.  Your order will be filled if supplies last after the initial
allocation has been completed.

OREGON STATE UNIVERSITY OFFICIAL BOWL TOUR
Prices for the official tour include one game ticket per traveler.  Seating
priority will be based upon each tour participant,s BASF donor level.  Seats
will be allocated from the Athletic department,s ticket allocation, ensuring
seating among fellow Beavers.  Game tickets for tour participants will not be
mailed by the Athletic department; tickets will be distributed by Alumni
Association/tour staff at the hotel.  Please call 877-305-3759 or log on to
http://bowlgame.orst.edu for more information.

GENERAL PUBLIC
General Public may order tickets based upon availability.  The general public
tickets will be issued after all BASF member/Season ticket holder and
Official Bowl Tour orders have been fulfilled. To order call the Athletic
Department Bowl Hotline at 541-737-4144 for an application.  Or, go to our
website, starting Monday December 4, www.osubeavers.com, and print an
application off the web.

OREGON STATE STUDENTS
Students who are registered full or part time and have paid their student
activities fee for the Fall 2000 term are eligible to purchase one ticket on
a first come first serve basis.  Tickets may be purchased starting Monday,
December 4th, at 8:30 AM at the main athletic ticket office located at the
north side of Gill Coliseum, room 107. Be sure to bring your valid student
identification card with you.

There are 1350 tickets for the Holiday Bowl and 2200 for the Fiesta Bowl
allocated for students. The application deadline is December 11, 2000 or
while supplies last. Price for a ticket is $75 for Fiesta Bowl and $40 for
the Holiday Bowl. All bowl tickets are sold on a reserved seating basis.
Therefore students wishing to sit together must submit their applications at
the same time to the ticket office.  A maximum of six students is all that
can be seated together.

Tickets must be picked up at Will Call at the game site. Tickets will not be
issued anywhere but the game site and students must present their valid OSU
ID.

IMPORTANT DATES
12/11/00 - Order Priority Deadline. Priority will be given to orders received
or postmarked by this date.  All other orders will be filled on first-come
first-serve basis based on availability.

12/21/00 - Tickets Mailed. Tickets shipped to customer via Federal Express.

All tickets will be allocated on a priority basis. Priority is based upon
your donation level to BASF for the 2000 calendar year.

Because of the anticipated volume of applications and the tight time
constraints we regret that we are unable to accept phone orders.

Persons wishing to sit together must return their applications in the same
envelope.
If you are wishing to sit with people with varying donation levels, you will
be allocated based upon the lowest contribution level of the group.

Every person attending the game requires a ticket.  No lap passes will be
issued to the game, regardless of age.

Ticket applications can be mailed to or dropped off at:
Oregon State Ticket Office
107 Gill Coliseum
Corvallis, OR 97331

Or, they can be faxed to:
541-737-7895

---
You are currently subscribed to bowlgame as: mark.guzman@enron.com
To unsubscribe send a blank email to
leave-bowlgame-1408860L@pluto.sparklist.com


Of course you were. Don't feel bad though, we all get confused at times. Some of us just more than others.

-----Original Message-----
From: Symes, Kate
Sent: Wednesday, September 19, 2001 9:26 AM
To: Williams III, Bill
Subject: RE: brain food

I was referring to you. But those are equally compelling examples.

-----Original Message-----
From: Williams III, Bill
Sent: Wednesday, September 19, 2001 8:29 AM
To: Symes, Kate
Subject: RE: brain food

HUBRIS: ex. 1.)--see Portland City Council-- 2.) Reed College

-----Original Message-----
From: Symes, Kate
Sent: Wednesday, September 19, 2001 8:22 AM
To: Williams III, Bill
Subject: RE: brain food

HUBRIS: The elevation of pomposity to such bloated and seemingly irrelevant levels as to transform it to stupidity.

-----Original Message-----
From: Williams III, Bill
Sent: Wednesday, September 19, 2001 8:19 AM
To: Symes, Kate
Subject: RE: brain food

LIBERALISM: The art of feeling superior to suburban drones and blue-collar workers through purported logic and philosophical jargon.

-----Original Message-----
From: Symes, Kate
Sent: Wednesday, September 19, 2001 8:05 AM
To: Williams III, Bill
Subject: FW: brain food

And you thought your brother was the die-hard liberal.....

-----Original Message-----
From: jsymes [mailto:jsymes@gladstone.uoregon.edu]
Sent: Tuesday, September 18, 2001 5:36 PM
To: Symes, Kate
Subject: brain food

"it is commonly urged that, in a war between liberals and fanatics, the
fanatics are sure to win, owing to their unshakable belief in the
righteousness of their cause. this belief dies hard, although all history,
including that of the last few years, is against it. fanatics have failed,
over and over again, because they have attempted the impossible, or because,
even when what was aimed at was possible, they were too unscientific to adopt
the right means; they have failed also because they roused the hostility of
those whom they wished to coerce. in every important war since 1700 the more
democratic side has been victorious. this is partly because democracy and
empiricism (which are intimately interconnected) do not demand a distortion of
facts in the interests of theory. russia and canada, which have somewhat
similar climactic conditions, are both interested in obtaining better breeds
of wheat; in canada this aim is pursued experimentally, in russia by
interpreting marxist scripture.
     "systems of dogma without empirical foundation, such as those of
scholastic theology, marxism, and fascism, have the advantage of producing a
great degree of social coherence among their disciples. but they have the
disadvantage of involving persecution of valuable sections of the population.
spain was ruined by the expulsion of jews and moores; france suffered by the
emigration of huguenots after the revocation of the edict of nantes; germany
would probably have been the first in the field with the atomic bomb but for
hitler's hatred of jews. and, to repeat, dogmatic systems have the two further
disadvantages of involving false beliefs on practically important matters of
fact, and rousing the violent hostility of those who do not share the
fanaticism in question. for these various reasons, it is not to be expected
that, in the long run, nations addicted to a dogmatic philosophy will have the
advantage over those of a more empirical temper. nor is it true that dogma is
necessary for social coherence when social coherence is called for; no nation
could have shown more of it than the british showed in 1940.
     "empiricism, finally, is to be commended not only on the ground of its
greater truth, but also on ethical grounds. dogma demands authority, rather
than intelligent thought, as the source of opinion; it requires persecution of
heretics and hostility to unbelievers; it asks of its disciples that they
should inhibit natural kindliness in favor of systematic hatred. since
argument is not recognized as a means of arriving at the truth, adherents of
rival dogmas have no method except war by means of which to reach a decision.
and war, in our scientific age, means, sooner or later, universal death.
     "i conclude that, in our day as in the time of locke, empiricist
liberalism (which is not incompatible with democratic socialism) is the only
philosophy that can be adopted by a man who, on the one hand demands some
scientific evidence for his beliefs, and, on the other hand, desires human
happiness more than the prevalence of this or that party or creed. our
confused and difficult world needs various things if it is to escape disaster,
and among these, one of the most necessary is that, in the nations which still
uphold liberal beliefs, these beliefs should be wholehearted and profound, not
apologetic towards dogmatisms of the right and of the left, but deeply
persuaded of the value of liberty, scientific freedom, and mutual forbearance.
for without these beliefs, life on our politically divided but technically
unified planet will hardly continue to be possible."

from "Philosophy and Politics" by Bertrand Russel


Call if ya need to..........


Did you get my little package?

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Monday, January 22, 2001 12:02 PM
To: mwardell@roseville.ca.us
Subject: gas prices

Mike,

Sorry this has taken me so long!  Still trying to get access to some
programs with the good info!  Indicative prices for 5 year gas out of April
01 at the PG&E city gate is about $5.85 and 10 years out of April 01 is
about $5.12.  I hope this helps.  Let me know if you need anything else!

Thanks,

Kim


----- Forwarded by James D Steffes/NA/Enron on 03/15/2001 03:58 PM -----

	Linda Robertson
	03/15/2001 02:53 PM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Janel Guerrero/Corp/Enron@Enron
		 cc:
		 Subject: Senators Dianne Feinstein and Gordon Smith Announce Partnership in
Response to the Western Energy Crisis

Bad development.  We are trying to get Steve an appointment with Smith next
Tuesday.
----- Forwarded by Linda Robertson/NA/Enron on 03/15/2001 03:51 PM -----

	Allison Navin
	03/15/2001 03:46 PM

		 To: Linda Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Senators Dianne Feinstein and Gordon Smith Announce Partnership in
Response to the Western Energy Crisis

Senators Dianne Feinstein and Gordon Smith
Announce Partnership in Response to the Western Energy Crisis
March 15, 2001
Washington, DC - Senators Dianne Feinstein (D-CA) and Gordon Smith (R-OR)
today announced an agreement to introduce bipartisan legislation to restore
stability and reliability to the Western energy market by directing the
Federal Energy Regulatory Commission (FERC) to impose a temporary &just and
reasonable8 wholesale rate cap or cost-of-service based rates.
The legislation will also require the states involved in this effort to pass
on the cost of the electricity to retail customers. However, the states would
be able to determine how and when this would be done. In other words,
California could choose to use tiered-pricing, real-time pricing or set a
baseline rate above which prices would be passed through.
&We now have a piece of legislation that can fix the broken electricity
market and provide a period of reliability and stability in wholesale energy
costs,8 Senator Feinstein said.
&FERC has found the wholesale prices being charged in California to be unjust
and unreasonable. This legislation essentially will mandate that once FERC
makes such a finding, the agency will carry out its regulatory role. This is
a $175 million a year agency. It is there to regulate the energy marketplace,
and it should. What the Federal government can do is to provide a period of
reliability and stability at a time of crisis. Unfortunately FERC has refused
to do so.8
&California,s broken electricity market is a result of a flawed 1996
California law that deregulated wholesale costs, but left in place caps on
retail prices. This was coupled with a requirement that the utilities divest
themselves of their generating capacity and buy most of their electricity on
the spot market, where prices have escalated dramatically. In hindsight all
of this came together in a catastrophic scenario, so that today, California
buys electricity at astronomical prices. We believe that FERC needs to act to
help restore reasonable costs and stability to this marketplace.8
&Additionally, this agreement addresses the escalation of natural gas
transportation costs. Last February, FERC began a two-year experiment to lift
the cap on these costs and since that time we have seen the price of natural
gas climb 400 percent higher in Southern California.8 Senator Feinstein
added.
Specifically, the compromise legislation would accomplish the following goals:
Directs FERC to impose a just and reasonable wholesale rate cap, which can be
load-differentiated based on supply and demand, or cost-of-service-based
rates in the Western energy market (Western Systems Coordinating Council,
including Arizona, California, Colorado, Idaho, Montana, Nevada, New Mexico,
Oregon, Utah, Washington, and Wyoming.)
Addresses the issue of high natural gas transmission costs by reimposing FERC
tariffs for natural gas transportation into California (FERC Order 637) and
requiring natural gas sellers to declare separately the transportation and
commodity components of the bundled rate for gray market transactions.
Stipulates that the wholesale price cap or cost-of-service based rate will
not apply to wholesale sales for delivery in a state that imposes a price
limit on the sale of electric energy at retail that: precludes a regulated
utility from recovering costs under the price cap or on a cost-of service
based rate; or precludes a regulated utility from paying its bills.
Establishes that the rate-making body of a state can determine how and when
the wholesale rates will be passed on to ratepayers, including the setting of
tiered pricing, real time pricing, and baseline rates. (With respect to the
Bonneville Power Administration, BPA will be encouraged to seek to reduce
rate spikes to economically distressed communities, while ensuring costs are
recovered by the end of the next contract period in 2006.)
Directs that after the date of enactment, utilities cannot be ordered to sell
electricity or natural gas into a state without a determination by the
Federal Energy Regulatory Commission that the seller will be paid.
Directs that in the event that a state in the Western energy market does not
meet the criteria described in this agreement, state public utilities
commissions in the Western energy market can ensure that regulated utilities
within their jurisdiction meet demand for electric energy in the utility,s
service area before making sales into any such state.
Establishes that the wholesale rate cap or cost-of-service based rates shall
remain in effect until such time as the market for electric energy in the
western energy market reflects just and reasonable rates, as determined by
the Commission or until March 1, 2003, whichever is earlier.


Just a heads up from Chris Foster -

---------------------- Forwarded by Kate Symes/PDX/ECT on 04/18/2001 11:47 AM
---------------------------

	From:  Chris H Foster                           04/17/2001 12:17 PM

To: Bill Williams III/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT, Paul
Choi/SF/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Stanley
Cocke/PDX/ECT@ECT, Greg Wolfe/HOU/ECT@ECT, Lester Rawson/PDX/ECT@ECT, Anna
Mehrer/PDX/ECT@ECT, Kate Symes/PDX/ECT@ECT
cc: Christian Yoder/HOU/ECT@ECT, Steve C Hall/PDX/ECT@ECT

Subject: APX Deal Confirms

The APX called me today.  They are concerned we are sending them confirms on
deals that we are doing with them.  Legally this is incorrect as we are
transacting purusuant to the APX Master, not the Enron Master.  So, please
try to remember to check the box for no confirms when you transact with the
APX.

C


---------------------- Forwarded by Taffy Milligan/HOU/ECT on 04/14/2000
11:01 AM ---------------------------

Taffy Milligan
04/13/2000 07:36 PM
To: Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Marie
Heard/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carol
St Clair/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT
cc: Suzanne Adams/HOU/ECT@ECT, Erica Braden/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT
Subject: SWAP GROUP CALENDARS - APRIL & MAY, 2000

Please let me know if you have any revisions to the attached.


"Robb, Kathy" <KRobb@hunton.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

-----Original Message-----
From: Swider, Michael <mswider@sel.com>
To: 'krobb@hunton.com' <KRobb@hunton.com>
Sent: Thu Oct 04 16:40:49 2001
Subject: ICAP WP post

Kathy,

I know its a little late, but can you please distribute this to the NYISO
ICAP WG for tomorrow's meeting.

Mike
 <<ICAPWG Answers - Strategic Energy.doc>>

*********************************************************************
Michael Swider
Market Strategist
Strategic Energy
617-542-0928 office
617-548-6217 mobile
www.sel.com

 - ICAPWG Answers - Strategic Energy.doc


Well, I was here by 7:30 this am and guess who's still not here yet?!  Think
harder, I know you can get this one...!


Jane -

You'll have a more traditional "thank you" note coming shortly, but I wanted
to drop you a line to say how much Kim and I enjoyed the cuisine, the
company, the conversation and the cordials (if we'd have smoked cigars, it
would have been 5-for-5).  Richard and Judy were delightful, and you and
Barry the consummate hosts.  Your home is even lovelier than before.

Thanks for including us and we look forward to our next outing with the
Hills!

Take care,
John


The FERC Infrastructure Conference in Seattle was planned to coincide with the dates of the meeting of the Western Commissions and Energy Offices, the Committee on Regional Electric Power Cooperation (CREPC).  Enclosed you will find my meeting notes from both the CREPC meetings on Wednesday and Thursday (Oct 31 and Nov 1) and the FERC Conference on Friday (Nov 2).

The first day of the CREPC meeting dealt with development of a protocol for joint efforts on transmission line siting.  The Western regulators are united in their opposition to Federal pre-emption of siting.  Their view is that biggest problem in the past has been warring federal agencies not the states.  FERC Staff said that Wood and Brownell are not seeking such authority.

The second day of the CREPS meeting was on RTO seams issues.  The work being done to enable three RTOs to work together was presented.  The States want FERC to let the three form initially.  Some state want to go slow.  (If we were going any slower we would be dead in the water.)  Brownell attended all day and Wood attended in the afternoon.  Both were complimentary of the level of work that been done.  Wood asked several times about problems with three organizations.

Chairman Wood convened the FERC Infrastructure Conference by stating that when he and Brownell went to the Commission, both as advocates of markets, they were forced to voting on price mitigation.  These Infrastructure Conferences are being organized to gather facts.  He said he never wants to have to vote on price mitigation again because basic infrastructure has not been addressed.  Both Governors Hull (AZ) and Locke (WA) addressed the conference.  Hull wants Federal hands off and Locke says benefits of moving ahead with "experimental new organizations" are small compared to harm done of making a mistake.  The panels during the day were primarily opportunities for invited parties to express their concerns with what needs to be built and what impediments are in place.  Both gas and electricity were addressed.  The panels and the State regulators again opposed federal siting pre-emption for transmission lines and supported three RTOs.  The general view is that more transmission and gas pipeline is needed.  There was also broad support for demand bidding/demand side programs as part of the solution.  A good deal of praise was give by FERC for the WGA study.  The study of financing methods for new transmission was the next promised step in the process.  I am on that committee and next week will be submitting comments on the initial draft.

I have updated Sarah's form for this project.  The Commission will issue a transcript and will accept comments, although no dates were given for when.  After you review the meeting notes, please indicate if you think we should submit comments on infrastructure  expansion.

Steve

Project:  Conference on Energy Infrastructure in the West

Conference									November 2, 2001

Comments on RTO Week							May be submitted, no deadlines yet.

Estimated Date for Draft Circulation (and who is responsible for the first draft)	???

Estimated Date for FERC Action						None expected.


Bob / Mark,

Since our recent discussions over the above, I have checked the situation out
extensively with the OMLX and it appears that the best solution would now be
the following:

1. Enron Capital & Trade Resources International Corp. ("ECTRIC"), the
Delaware incorporated company, becomes  a member of the OMLX (either as a
pure Proprietary trader or as  a Market Maker - see point (a) below - Bob you
need to advise me what you want here).

2. Enron Europe Finance & Trading Limited ("EEFT"), the English SFA-regulated
company which acts as agent / arranger for ECTRIC, then, via EEFT's staff in
London, places ECTRIC's bids / offers onto the Pulpex Index in the name of
and for the account of ECTRIC.  Acting purely in this "arranging" manner,
EEFT itself would not be a member of the OMLX in any capacity.

3. Please note that if Steve is going to be the EEFT person in London who
would place such orders onto Pulpex in the name of, and for the account of,
ECTRIC, then Steve will need to become a "Registered Representative" of EEFT
with the SFA before he can place such orders.  As you know, this status may
either be gained by Steve passing an examination or by certain length of
experience in the market.  I shall need to sort this out with Steve if you
decide to do this.

4. Once EEFT has placed a bid / offer onto the Exchange in the name of, and
for the account of, ECTRIC as the Member, if that gets "hit", then we can
give-up that contract immediately to ENA's account under the Exchange's
give-up procedure.

Points to note:

(a) ECTRIC could join the OMLX as either a Market Maker or as a Proprietary
Trader.  Clearly, if ECTRIC joined as a Market Maker, ECTRIC (through EEFT in
London) would be obliged to make firm two way bids / offers for 2 1/4 hours
during market opening hours - but so would ENA out of Houston which also has
Market Maker status. Hence, Enron would have two sets of MM obligations, one
with ENA and the other with ECTRIC (through EEFT in London).  Bob - Do you
want this??  Or would you prefer to leave the Market Making obligations with
ENA and just have ECTRIC as a Proprietary Trader??  The Exchange (Derek
Oliver) assures me that that there is no difference in the information
available to MMs as opposed to Prop Traders and Prop Traders can post bids
and offers as well as hit others bids and offers.  The only difference
therefore is that a Prop Trader  does not have the obligation to post bids
and offers during market hours.  Please let me know.

(b) If we go this route, the OMLX would like comfort from ECTRIC's external
US counsel  that ECTRIC would not be in breach of any US regulations by
adopting the above structure.  In obtaining this advice, we shall need to
bear in mind whether, in acting on behalf of ECTRIC, EEFT in London will
place orders by electronic link or  by telephonic link (as is presently the
case from Houston).  Mark, are you able to obtain this advice??  Please let
me know.

(c)   From discussions with Jannine of Tax Dept., there are tax implications
to any form of trading through London for the US, although these are not
insurmountable.  Jannine will no doubt write you a separate e-mail with
regard to the cost of doing such business from a Tax perspective and you
should bear the contents of that in mind before deciding whether or not to
proceed.

Kind regards

Mark


?
-----Original Message-----
From: Robert L. Dittert  [mailto:rld@swmedmgt.com]
Sent: Monday, April 16, 2001 8:37  AM
To: Bob Dittert (E-mail); Dee Koehler (E-mail); Jeff Watkins  (E-mail); Noel
Butler; Veronica Dittert (E-mail)
Subject: FW: The  USA's Apology to China
Importance: High

?
Importance: High

The USA apology to China

?

?

 - USApology.jpg


Company: 000236     Arng: 37147-11533     Eff Date: 2001-06-03

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                       850                   850
Working                         850                   850
Capacity Allocation             850                   850
Confirmed                         0  NGU                0

Company: 000236     Arng: 70457-00001     Eff Date: 2001-06-03

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    10,333                10,333
Working                      10,333                10,333
Capacity Allocation          10,333                10,333
Confirmed                         0                     0  PAL


Attached is the structure with my comments.  Concerning the earlier question.  It is not clear under Texas law whether the surface rights by themselves are sufficient to convery the right to use property for gas storage.  Thus the rights should be leased from both the surface owner and the mineral owner to be sure.  I revised the transaction sheet to reflect this.  Let me know if you have any questions.

 -----Original Message-----
From: 	Redmond, Brian
Sent:	Monday, November 12, 2001 3:39 PM
To:	Nemec, Gerald
Subject:

Please review

 << File: Structure_RevA.doc >>


713-345-7478

Thanks,
Robin


The Bankruptcy 101 sessions taking place next week in 5C2 are full.  However, due to the high interest level, we will schedule more in the future.


Jeff, this was filed last week.  The hearing is this morning. We are waiting
for a report from Bob and  Mike, who are in SF.  The Asst AG  may be arguing
at the hearing today.

From: Jeff Dasovich@ENRON on 04/11/2001 10:41 AM
Sent by: Jeff Dasovich@ENRON
To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron,
skean@enron.com, mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, Mike D
Smith/HOU/EES@EES, Robert C Williams/Enron@EnronXGate, Paul
Kaufman/PDX/ECT@ECT, Vicki Sharp/HOU/EES@EES, Sandra McCubbin/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, MDay@GMSSR.com
cc:
Subject: Attorney General May File Amicus in UC Case Against Enron

Sue Mara (who's having computer problems today) just informed me that she's
heard a rumor floating around that Lockyear (sp?), the CA Attorney General,
or someone from his office, will file an amicus brief with the court today
supporting UC's action against us.  We'll try to get more info and report
back.  Vicki/Mike/Bob:  I'm assuming that you folks and/or our attorney's
will be there, so we'll get the details of any such appearance by the AG.

Best,
Jeff


Please increase Consumer's delivery from 10,605 to 11,205 effective 2/23-29.

Call me on 703-561-6497 if you have any questions.

Thanks.


GADSDEN RESEARCH  SERVICES'

FERCw  [IMAGE]tch?
?Issued?March  19,?2001
?
Gadsden Research Services is  pleased to announce the return of its periodic
report of FERC filings and  issuances, now known as FERCwatch.? During the
coming weeks, we will  be making additional changes to make the report more
interactive, including  links for reported items?to the FERC, RIMSweb,?CIPS
and other websites  (when available).? We will keep you  posted.?
?

ELECTRIC?/  HYDRO?Report:
?

PJM Interconnection,  L.L.C. and the Allegheny Power System operating
companies, ER01-1561-000,  EC01-81-000?(03/15/01) -- Section 203 application
to establish PJM  as the Regional Transmission Organization for Allegheny to
be known as "PJM  West".? Allegheny will transfer functional control of its
transmission  facilities to PJM effective January 1, 2002.
[DOCUMENT?LINK?TO FERC  NOT AVAILABLE]
REQUEST A COPY:  ?grs4ferc@starpower.net.
?
>?

_________________________________________________________
______________________________
?
NATURAL GAS /  OIL?Report:
?

Kern River Gas  Transmission Company, CP01-106-000?(03/15/01) -- Application
for  certificate authority to construct and operate emergency facilities to
provide  135,000 Mcf per day of limited-term transportation capacity from
Wyoming to  California to help meet need for additional energy in  California.
VIEW  DOCUMENT
REQUEST A COPY: ?grs4ferc@starpower.net.
________________________________________

?
[To request a copy of any of the  above listed? filings, please call
202-255-4771 or toll-free,  1-877-544-4771; or send an e-mail
to?grs4ferc@starpower.net)]
??????????????????????????????????????????????????????????????????????????????
??????????????????????????????????????????????????????????????????????????????
?????????????????????????????????
?
GRS' FERCwatch e-mail notification is a free courtesy service of Gadsden
Research Services,  energy research and document retrieval specialists.?
Periodically  (generally once or twice weekly), GRS will broadcast FERCwatch
with  descriptions of?major FERC issuances or filings such as rulemakings,
policy  statements, mergers,?new rate filings, major?rate changes, and
certificate filings.
?
GRS can provide hardcopies?of any of  the above listed items at nominal
charges;?for document requests or  estimates of charges, please reply
to?grs4ferc@starpower.net?or call 202.255.4771 (toll free,  1.877.544.4771).
?
For an e-mailed?copy of?a  brochure?of GRS services and rates for FERC and
other federal agency  research please e-mail your request to
grs4ferc@starpower.net.?  For a mailed copy, please include your name, firm
name and street address.? For?a faxed copy, please include your fax  number.
?
The FERCwatch subscription list is  used for the sole purpose of providing
information on FERC and energy industry  activity and will not be sold or
otherwise distributed to any other business or  organization.? For additions
or removal from the FERCwatch  notification list, please reply
to?grs4ferc@starpower.net.
?
Send suggestions on how the GRS' FERCwatch  can better serve the?energy
community to?grs4ferc@starpower.net.
 - clip_image002.gif


Please see the summary below.  Of note is Chairman Scriber's comment that he
is going to raise the shopping credit for the southern utilities - I think
this increases are leverage going in to meetings with AEP.  I would also
recommend that we move on Cinergy and strike while the iron is hot.  On the
other hand, if we hold off, we could get higher shopping credits.  However,
the utilities will argue to recover the amount of the increase through the
Regulatory Asset Charge.  Although the stipulations in the cases, to the best
of my recollection, do not provide for this, my sense is that they would
recover the cost.

Schriber's comments on POLR are also interesting in light of the statute that
requires competitive bidding at the end of the Market Development Period.  I
think this summer would be a good time to meet with Schriber to discuss our
views on the POLR issue and would welcome feedback from any of you as to what
we want to say.  My inclination for starters is to require separate bids by
utility by customer class so that we do not have to mix residential with
commercial.  Also I would argue that that the winning bidder automatically
become the POLR and that the utility not be in a position to usurp this role
by matching the winning bidder's price.  Other thoughts on how the POLR rate
should be structured, i.e. is it based on a market index plus or a fixed
price, need to be discussed in terms of how you compare bids.

Also please note the comments on transmission.

Janine
----- Forwarded by Janine Migden/NA/Enron on 05/25/2001 10:01 AM -----

	Kerry Stroup
	05/25/2001 08:23 AM

		 To: Janine Migden/NA/Enron@Enron
		 cc: Barbara A Hueter/NA/Enron@Enron
		 Subject: Schriber 5/23 testiimony

Chairman Schriber testified to the House Public Utilities Committee on May
23.  After a very brief overview of his history with SB 3, he focused on the
fact "not much progress had been made" in the southern half of Ohio, where
customer switching rates were low.  He stated that inducing shopping will be
a major effort of the Commission this coming year (although he acknowledged
that the effort was like"pushing on a string"), and he expressly stated that
the Commission will order higher shopping credits next year.  Several staff
members I spoke to in the afternoon were surprised he had spoken definitively
on that issue.  He also highlighted the MSG controversy before the
Commission, stating that it was a "no win situation for the PUCO".

Predictably, he commented on the differences between California and Ohio,
pointing out there had been no divestiture in Ohio, contrasting bilateral
contracts with the Cal PX, noting that California limited purchasing to the
day ahead and spot markets, and claiming that our transmission system was
more robust.  Despite these assurances, he expressed a concern over the
potential situation at the end of the transition period(s), when wholesale
prices could still be higher than the current capped rate.  The PUCO, he
claimed, is thinking hard over who will be the provider of last resort, and
at what price; and stated that there will be a need for the POLR to manage
their risk by entering into long term arrangements for procuring power.

Schriber stated that the potential for problems when the market development
period ends may be mitigated by the size of the market and the state of the
transmission system, and asserted the need to push FERC on these issues.  He
expressed comfort about the new generating capacity coming on line in Ohio --
2200 MW having been added since 1999.   At the same time he was cautious
about the fact that this was gas fired generation.

On the subject of natural gas, Schriber noted that forward prices for gas had
fallen to the $4.50/$5.00 for next winter.  He stated that the PUO is
contemplating a limited pilot program for next year that would provide
opportunities for utilities to hedge their purchases.

Several legislators asked questions at the end of the presentation.  The
concerns reflected were:

1. Commission management of the POLR's market price after the end of the
market development.  Alan had no specific answer, other than the fact the
PUCO was thinking about this issue.

2. Federal plan to utilize eminent domain to bolster the electric
transmission system.  Alan responded by noting Ohio's strong transmission
siting authority, which he believed was preferable to federal exercise of
authority.  On the other hand he noted that some states like Indiana don't
have a strong state siting law, and in those cases federal exercise of
jurisdiction may be necessary.  He said that if the federal government
exercises authority in the manner that Ohio does, that would be appropriate.

3.  Representative Sites was concerned about the sapping of "our" power
supplies by other states, and asked what we could do to prevent it.  Alan
responded that we cannot embargo "our" generating facilities.

4.  Representative Driehaus asked whether the reluctance of CG&E customers to
switch was a result of what happened in the gas market in Cincinnati.
Schriber responded by saying that, unlike the gas situation, competitive
electricity providers were required to be certified by the PUCO.


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  Dear Dutch Quigley,  Here are the college football Bowl Championship Series rankings:  1. Oklahoma          2. Nebraska          3. UCLA              4. Miami Fla 5. Virginia Tech 6. Texas 7. Michigan 8. Maryland 9. Tennessee 10. Washington State 11. Florida 12. Washington 13. Oregon 14. Stanford 15. South Carolina

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Yes, even better then that!
m


Mine too...!!! PLEASE

Anthony Tran,

IBM Global Services, Enron Account
Mid-Range Servers, Team Lead
Pager: 1-800-759-8888.  PIN # 1030383
Tel. 713-345-3002 (Office).  713-345-3337  (Fax).
IBM Email : tonytran@us.ibm.com

Personal Homepage:

http://www.geocities.com/u69076/

	Chad Landry@ECT
	04/11/01 09:17 AM

		 To: Marc Pederson/Contractor/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc: Sheila A Knudsen/ENRON@enronXgate@ENRON, All Enron Employees United
States@ENRON, IMCEANOTES-iBuyit+40ENRON@ENRON.com@ENRON
		 Subject: RE: Reply Requested: Do You Code Or Approve Invoices?

Take me off this list, PLEASE.

CKL

From: Marc Pederson@ENRON COMMUNICATIONS on 04/11/2001 09:12 AM
To: Sheila A Knudsen/ENRON@enronXgate@ENRON
cc: All Enron Employees United States@ENRON,
IMCEANOTES-iBuyit+40ENRON@ENRON.com@ENRON
Subject: RE: Reply Requested: Do You Code Or Approve Invoices?

No I do not.


Go RAMS !

For all St Louis folks I'm looking to extend our
Thanksgiving holiday one more night.
I'd like to give thanks for St. Louis getting rid of
Bill Bidwell and the Cardinals.

I'd also like to give thanks to the RAMS for tonight's
win!

I would invite people to our comfy abode but our TV SUX,
so no NFL at the home.

This is terribly late notice, so RSVP via 318 2991 if
you're headed to Claudia's and I'll meet you there.

I'm sure most of you got up on the mountain this
weekend, so there wasn't a lot of football around.
I got in the better part of Sunday morning, and the
conditions should just get better over the week.
Looks like Saturday is a definite, any takers for
Meadows ?

Tis the season,

PK


Sara, Cheryl and Marie,
This is the documentation for the Executing Broker relationship with Keefe, Bruyette & Woods.  This is for ECT Investments, Inc. only and should be for BS, MSDW and GS as clearing brokers.
Thanks. Sheila

 -----Original Message-----
From: 	"Wallendorf, JeanMarie" <JWallendorf@kbw.com>@ENRON [mailto:IMCEANOTES-+22Wallendorf+2C+20JeanMarie+22+20+3CJWallendorf+40kbw+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 06, 2001 11:42 AM
To:	Glover, Sheila
Subject:	NEW ACCOUNT PAPERWORK

Sheila,

This is the account paperwork that we spoke about. If something does not
apply let me know. The legal contact is Karen Jackson (212)323-8509.
If you have any questions please feel free to contact me. (212)323-8450
 <<Corp Res.pdf>>  <<FREERIDING>>  <<DVPWORKSHEET>>  <<Full Trading
Authorization.doc>>

> Thank You,
> Jeanmarie Wallendorf
>
>
>
> This communication is confidential and is intended solely for the
> addressee.  It is not to be forwarded to any other person or copied
> without the permission of the sender.  Please notify the sender in the
> event you have received this communication in error.  This communication
> is not an offer to sell or a solicitation of an offer to buy any
> securities discussed herein.  Keefe, Bruyette & Woods, Inc. makes no
> representation as to the accuracy or completeness of information contained
> in this communication.
>
>
>

 - Corp Res.pdf
 - FREERIDING
 - DVPWORKSHEET
 - Full Trading Authorization.doc


- 1003-527-147.doc