Nope.

Scott Goodell@ENRON
03/17/2000 11:21 AM
To: Chris Germany/HOU/ECT@ECT
cc: Jeanne Wukasch/Corp/Enron@ENRON
Subject: BRIDGELINE - Flash ???

Chris- do you have any information on these contracts?
---------------------- Forwarded by Scott Goodell/Corp/Enron on 03/17/2000
11:21 AM ---------------------------

Jeanne Wukasch
03/17/2000 11:00 AM
To: Scott Goodell/Corp/Enron@ENRON
cc:

Subject: BRIDGELINE - Flash ???

Scott - I do not see Bridgeline listed on the SE desk spreadsheet for
March.       Should the demand charges for these deals be added to the
spreadsheet ?

Sitara # 206264  Bridgeline Holdings, L.P. $342,187.50
Sitara # 208196  Bridgeline Storage Company $343,500.00


---------------------- Forwarded by Joseph Alamo/NA/Enron on 04/11/2001 05:29
PM ---------------------------

	Joseph Alamo
	04/11/2001 05:28 PM

To: Miyung Buster/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: "Enron Told to Supply UC, Cal State"
Wednesday, April 11, 2001 ,2001 San Francisco Chronicle

Enron Told to Supply UC, Cal State
Wednesday, April 11, 2001 ,2001 San Francisco Chronicle
A federal judge ordered the energy giant Enron today to restore direct
electric service to the University of California and the California State
University system, under agreements that Enron wanted to abandon so it could
sell the power for more money elsewhere.
Houston-based Enron Energy Systems signed four-year contracts with the two
university systems in 1998, agreeing to supply power for 5 percent less than
the price cap set by the state's 1996 deregulation law.
The contracts were due to run through next March, but Enron dropped direct
service to the universities on Feb. 1 and left them to rely on power supplies
from Pacific Gas & Electric and Southern California Edison Co., while Enron
brokered electricity sales at much higher prices on the spot market.
Enron promised to keep its promise of low rates for the rest of the contract,
but the universities said the change to utility service would hurt their
conservation efforts and expose them to the risk of blackouts.
Joined by Attorney General Bill Lockyer, who said the public interest was at
stake, university lawyers argued successfully today for an injunction
restoring direct access.
The language of the contracts indicates that "Enron did not have the right to
return the university systems to the utilities," said U.S. District Judge
Phyllis Hamilton.
She cited the "precarious position of PG&E," which filed for bankruptcy last
Friday, and said the universities had bought some protection from the risks
of utility service when they signed the contracts.
Enron attorney A. William Urquhart said the company would seek an emergency
stay from the U.S. Court of Appeals in San Francisco.
Enron has a responsibility to its shareholders to act in the company's
economic interest, Urquhart told Hamilton.
He said the universities have not paid any more for power since Feb. 1 than
they did before and have suffered no power blackouts. Any future financial
losses could be compensated in damages, avoiding the need for an injunction,
Urquhart said.
But attorney Douglas R. Young, representing the universities, said the
direct-service contract contained unique benefits. For example, he said,
meters installed by Enron that were removed Feb. 1 provided information that
enabled the schools to monitor and reduce electricity use building by
building,
to qualify for a new statewide demand-reduction program.


Dear All,

With reference to Art 14.2 (11) of the Articles of Association the Management Board wishes to ask the Supervisory Board for written consent to assign the rights of ownership of motor vehicle Alfa Romeo (reg - RLE 400) to the insurers PZU to enable them to pay compensation to ENS for the theft of the vehicle. Should the vehicle now be found, the property rights to the vehicle will reside with PZU.

Management Board
Elektrocieplownia Nowa Sarzyna


Power providers cry foul over fees
State is accused of improper billing
Electricity suppliers long accused of manipulating California's energy market are turning the tables on the state, saying its independent grid manager is forcing them to make up the cost of bad energy deals signed by Gov. Gray Davis' administration.
The power traders accuse the Independent System Operator -- which is legally required to act as an impartial market manager -- of improperly helping state power buyers spread out the cost of high-priced electricity contracts.
Energy firms as well as municipal utility systems have complained about mysterious charges on their accounts with the grid agency, said Jan Smutney- Jones of the Independent Energy Producers Association, which represents such industry giants as Enron, Dynegy, Williams and Reliant.
The charges showed up around the time the state Department of Water Resources was forced to start selling excess electricity it had purchased at an average of $69 per megawatt hour for as little as $1 per megawatt hour.
"The ISO seems to be following specific instructions the Department of Water Resources is giving them," Smutney-Jones said.
An industry source said NRG Energy Inc. and other suppliers were preparing a formal complaint to the Federal Energy Regulatory Commission, which could order the state to issue refunds to generators if it finds they have been improperly charged.
The commission has ordered an unprecedented operational audit of the grid management agency.
State officials bought power under long-term contracts when it appeared California could suffer serious power shortages over the summer. Instead, the state had more than enough power, and electricity available on the spot market suddenly cost half as much as the energy California had bought.
Gary Ackerman of the Western Power Trading Forum, an industry group, said the grid operator was using a combination of power scheduling and billing practices to "bury" some of the cost of power purchased by the state in the accounts of other generators.
"The state is the biggest buyer and seller of electricity, and they control the governing board of the ISO," Ackerman said.
The governor's spokesman, Steve Maviglio, called the power firms' accusations "absolutely false" and said the generators were trying to whip up sentiment in Washington to interfere with the state's affairs.
"The generators know they'll get a much better deal at FERC headquarters in Washington than they will in Sacramento," Maviglio said. "It shouldn't be a surprise that they make these accusations here to get federal involvement."
Oscar Hidalgo, a spokesman for the Department of Water Resources, said generators could hardly cast themselves as victims in California's energy crisis.
"I don't feel sorry for them one bit," Hidalgo said. "They had one heck of a year."
Gregg Fishman, spokesman for the ISO said the agency was preparing a response to the accusations.
Energy trade organizations said they suspected the ISO of using several mechanisms to charge suppliers for state contract costs.
The extra expense is sometimes tacked on to suppliers' bills for ISO operating costs, which all electricity sellers in California share, Ackerman said.
Some firms say they have tried to buy cheap spot market electricity for resale, only to find later that the grid manager has charged them for more expensive state power. Others say the grid operator orders them to activate stand-by power units on too-short notice. When they can't comply, they say, the ISO brings high-priced state power on line and bills them for the extra cost.
The accusations are part of a struggle for control of California's grid. In January, Davis disbanded the ISO's 26-member governing board, which was chaired by Smutney-Jones, after some critics said it was too cozy with industry. Davis appointed his own five-member board.
In February, then-FERC Chairman Curt Hebert said the new board had become "a political arm of the governor." The commission is trying to get California to turn over its grid to a multistate transmission organization.
Davis has warned Washington to "keep its hands off" the ISO.


Rita,

I think that we have the pricing worked out now with the suppiers.  There
were some ammendments to the contract, reducing the demand charges, that we
did not have.  I don't have any contacts at Lone Star related to
allocations.  Mark's scheduling contacts may help.  Stacey has a trading
contact with the pipeline.  When she returns tomorrow, I will have her give
you a call.  The beginning imbalance on Lone Star was around 180,000 owed to
Lone Star when we took on the management services in October.  Mark should be
able to get you an exact number if you need it.

D

	From:  Rita Wynne                           03/06/2001 02:01 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: REVISED-Tenaska IV-Cleburne Plant

Daren,

We are working with Mark McCoy on getting some things repathed in the
system.  It appears that we have not been actualizing the receipts in Unify
just the deliveries -not sure why????.  We have been paying the suppliers
based on whatever they invoice us for, which typically has been a smaller
number than what we have in Unify.  Also, we have not been able to get a
contact for the allocation statement.  In some cases, we get the summary
sheet, but no detail and some months we don't get anything at all.  Do you
know of a good contact that we can call so that we receive the allocation on
a timely and consistent basis?  The contacts on the allocation statements
that we do have are not returning phone calls.  I also need to know what was
the beginning balance when we took this on for Tenaska?   Anything else that
we need from you, I will call you.

Thanks,
RW

Daren J Farmer
03/05/2001 10:26 AM
To: Rita Wynne/HOU/ECT@ECT
cc:
Subject: REVISED-Tenaska IV-Cleburne Plant

Rita,

Since I was out of the office most of the week, I missed reading this
e-mail.  I am open any afternoon this week except for Friday (all day) and
Bob's staff meeting tomorrow (if we have it).  Let me know when you want to
meet.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 03/05/2001
10:27 AM ---------------------------

Mary Comello@ENRON
02/27/2001 04:21 PM
To: Greg Whiting/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Daren J
Farmer/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Megan Parker/Corp/Enron@ENRON,
Kelly Ellis/Corp/Enron@Enron
cc: Heather Choate/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENR
Subject: REVISED-Tenaska IV-Cleburne Plant

Please see the following reschedule meeting:

Date: Monday, March 5
Time: 9-10 AM
Place: EB3268

Thanks,
Mary x35999
---------------------- Forwarded by Mary Comello/Corp/Enron on 02/27/2001
04:17 PM ---------------------------

Mary Comello
02/27/2001 11:02 AM
To: Greg Whiting/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Daren J
Farmer/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Megan Parker/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENR

Subject: REVISED-Tenaska IV-Cleburne Plant

The above meeting has been cancelled for today and will advise you of the
reschedule.

Thanks,
Mary x35999
---------------------- Forwarded by Mary Comello/Corp/Enron on 02/27/2001
10:59 AM ---------------------------

Mary Comello
02/22/2001 02:59 PM
To: Greg Whiting/Corp/Enron@ENRON, Bob M Hall/NA/Enron@Enron, Daren J
Farmer/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Megan Parker/Corp/Enron@ENRON
cc: Heather Choate/HOU/ECT@ECT, Brandee Jackson/NA/Enron@ENRON

Subject: Tenaska IV-Cleburne Plant

Per the request of Rita Wynne, Please plan to attend the following meeting:

Topic: Tenaska IV -Cleburne Plant
Date: Tuesday, Feb. 27
Time: 1-2 PM
Place: EB37c1

Thanks,
Mary Comello x35999


Dear Dr. Fidas,

I spoke with you a few days ago concerning my interest in the Sercurity Policy Studies program.  I am going to be visiting the GW campus the afternoon of Thursday Jan 24th and would like to know if you would be available for a few minutes.  Also, you had mentioned you may be able to pass on my resume so I am attaching a cover letter and resume (the cover letter better explains the relevance my business and military experience to an intelligence position).  Ljmay1.doc is the cover letter and ljmay2.doc is the resume.  Thank you for your consideration.

Lawrence May

713 853-6731 email: ljnmay@aol.com


The Oxford Princeton Programme E-Newsletter
http://www.oxfordprinceton.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
In this edition:
- 'On-line Exchanges Evolve'
- 2002 Catalog hot off the press
- New industry basics web-based training
 * Introduction to the Power Industry
 * An Overview of the Natural Gas Industry
- The Oxford Princeton Programme course schedules
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
'On-line Exchanges Evolve'
-------------------------
Entering the new millennium, energy companies are being forced to do business in new ways. Tough environmental legislation, product price sensitivity, mergers and acquisitions, downsizing, supply shortages, and profitability pressures all pose significant challenges to the energy industry as a whole. However, nothing poses more of a challenge than the Internet revolution.
Read the full text of this article by Mary Jackson (as published in Global Energy Business):
http://www.oxfordprinceton.com/press/ar0104.asp
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
2002 Catalog - hot off the press!
------------------------------
Our 2002 Catalog has just been published and is in the mail now. It's never too early to start planning next years training...
...especially as registrations for any 2002 public course made before the end of this year will receive 2001 prices!
Full schedules for 2002 are also available on our website at:
http://www.oxfordprinceton.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
New industry basics web-based training
** Introduction to the Power Industry **
Electricity is the power we all rely on. Learn how the power gets to you. Meg O'Watt, utility spokesperson, is ready to explain the mysteries of electricity and the basics of the power industry so you'll appreciate what happens when you flip the switch. Join Meg in "Introduction to the Power Industry".
Available NOW:
http://www.oxfordprinceton.com/blue/powerindustry.asp
** An Overview of the Natural Gas Industry **
We have a special pass for you to visit The Museum of Natural Gas and see how natural gas is produced and marketed. We've even arranged our top museum guide, Bea T. Yu, to show you through the museum and introduce you to the natural gas industry. There are lots of exciting exhibits that take you from the formation of natural gas through processing and transmission to end-users. See how natural gas is traded in markets around the world.
Available 26 Oct:
http://www.oxfordprinceton.com/blue/naturalgas.asp
Read about these courses and see FREE PREVIEWS of all PrincetonLive.com courses at:
http://www.oxfordprinceton.com/blue
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Oxford Princeton Programme Course Schedules
The College of Petroleum and Energy Studies
- Courses in Oxford, Singapore and Houston
http://www.oxfordprinceton.com/gold
Princeton Energy Programme
- Courses in Houston, Toronto, Calgary, London,
San Francisco, Singapore, Chicago
http://www.oxfordprinceton.com/silver
PrincetonLive.com
- Web-based training, you set your own schedule!
Courses are available 24 hours per day, seven days
per week, worldwide!
http://www.PrincetonLive.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Subscription Information
You are receiving this e-mail as a past delegate or
contact of The Oxford Princeton Programme.
If you would rather not receive e-mail updates in the
future or have any other questions please respond to:news@oxfordprinceton.com
~~~~~~~~~~~~~~~~~~~~~~~~~
(c) 2001 The Oxford Princeton Programme
http://www.oxfordprinceton.com


I'm working on my backlog of lists.  I thought I'd send thru a few so you
could get started.


I think I am going to eat with Barabara Wed, but thanks for the invite.  Mary

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Good Morning All!

Samantha has called me earlier this morning and has indicated that she will not be in today due to a follow-up doctor visit scheduled for today.  If you should need any assistance, please feel free to call me directly.  Have a great Friday, and a fabulous weekend!

Keegan
Enron Wholesale Services
713-345-3317


I won't sent this to you daily, but this is what we are providing to Treasury each day.  FYI --Sally

 -----Original Message-----
From: 	Reeves, Leslie
Sent:	Thursday, October  25, 2001 8:42 PM
To:	Beck, Sally
Cc:	Hall, Bob M
Subject:	Cash Forecast for 10/26

Sally - as discussed in the meeting today attached is the consolidated list of cash flows for tomorrow.  This forecast includes all expected activity with the exception of NYMEX broker wires and OTC margins which are not available until approximately 6:30 a.m. tomorrow. Those numbers will be given to Paul Garcia as soon as they are known. I gave a copy of this spreadsheet to Paul and Mary Perkins about 6:15; they have my home and cell # if they need additional information tonight.  If you have any questions about the data please let me know.

Thanks,
Leslie


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 03/21/2000
11:18 AM ---------------------------

Royal_B_Edmondson@reliantenergy.com on 03/21/2000 11:12:40 AM
To: ami_Chokshi@enron.com, ggrant@enron.com
cc:

Subject:

(See attached file: egmnom-Mar.xls)(See attached file: HPL-MAR.xls)
 - egmnom-Mar.xls
 - HPL-MAR.xls


Dad,

Just to let you know I am buying some sif.un units on the tse. That's the retail company these guys are going to.

Dan


Mr. Skilling -
Good afternoon.  I work for Debra Reed, President of SDG&E.  She's asked me to register her for the conference.
I wanted to ask for a little more clarification...the top portion of the letter mentions participating as a panelist.  The agenda looks pretty complete - is her attendance what you were looking for in terms of participation?
Please advise.  My phone number if you would prefer is 858-650-6111.
Thank you.


I do not have any information on this tentative deal either.  I would suggest
that we hold tight unless Sara Shackleton or Chris Foster can give us some
additional information to go forward with.

-tracy


Hello everyone:

Just a reminder if you have not registered yet, please do so today.

Have a great day!

Shirley

You are invited to attend the following presentation:

PSIM: A Power Simulation Tool

PSIM is a proprietary model developed by Enron Research Group.

?	It takes Power, Gas, Weather and demand information into consideration and
	uses Monte-Carlo simulation to assess the expected deal value and risk distribution.
?	It evaluates complex electricity related contracts such
as Full Requirement  and load following contract.
?	It also provides a valuation tool for power assets and asset management deals.
?	It works for both deal specific or portfolio issues.

In this presentation we will show how the model can be used to deal with various types
of contracts, explain the model structure and point out further applications.

Date:		October 30, 2001
Time: 	4:00 pm
Location: 	EB5C2
Presenter: 	Alex Huang

Registration is required for a head count.
Please call Shirley Crenshaw at 3-5290 to register.

Pizza and soft drinks will be served.


Brant:
FYI
Carol
---------------------- Forwarded by Carol St Clair/HOU/ECT on 04/27/2000
08:49 AM ---------------------------

"Lum, Susan" <LumS@EPEnergy.com> on 04/27/2000 08:01:12 AM
To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com>, "Shuttee, John"
<ShutteeJ@EPEnergy.com>
cc:
Subject: FW: Response to Comments

Thank you for your comments Carol.  By copy of this email, I am forwarding
them on to John Shuttee who is now responsible for ISDA negotiations.  He is
out of the office the remainder of this week but as of Monday he can be
reached at my old phone number of 713-420-3548.

Thank you.

-----Original Message-----
From: Carol St Clair [mailto: ]
Sent: Wednesday, April 26, 2000 6:14 PM
To: Lum, Susan
Cc: Brant Reves
Subject: Response to Comments

Susan:
We have finally had a chance to internally discuss the comments that you
sent to
Marie Heard on March 21 by e-mail and here is our response:

ISDA Comments

1.   Item #1 is fine

2.   We will agree to $100,000,00 for both parties

3.   It is Enron's Policy to use Loss instead of Market Quotation, which I-
believe is the standard that is currently used in the existing Master.  As a
compromise, we can agree to Market Quotation for Transactions with a term of
2
years or less as of the applicable termination date and Loss for all others.

4.   Item #4 is fine.

5.   Our credit people want to keep MAC where it is as a trigger that
reduces
the collateral threshold to zero.

6.   I would like to discuss with you what we are doing with the existing
Guarantys.

7.   Item #7 is okay but we would prefer a separate termination agreement.

8.   I need to discuss with you items #8 and 10

CSA COMMENTS

1.   Item #1 is fine

2.   We cannot agree to item #2 and would like for it to remain at 20

3.   I would like to discuss item #3 with you

Also, some of the changes that were made were not marked (i.e., no fault
termination was not in our draft, but in yours).  Could you please e-mail me
your latest versions so that I can make sure that I have seen all of the
changes?  With respect to no-fault termination, we cannot as a policy matter
agree to that.  I look forward to hearing from you.

Carol (713-853-3989)

******************************************************************
This email and any files transmitted with it from El Paso
Energy Corporation are confidential and intended solely
for the use of the individual or entity to whom they are
addressed. If you have received this email in error
please notify the sender.
******************************************************************


If all goes well, I'll have some info to distribute before the meeting
regarding forward purchases.  I'll be ready to discuss it at the meeting,
too.


?
?
Tuesday, June 19, 2001

California Stiffs Gore's Hatchet Men

California's state controller, Democrat Kathleen Connell,  says she won't
sign any checks for those $30,000-a-month Gore hatchet men hired  by bumbling
Gov. Gray Davis to try to blame others for the state's energy  fiasco.

"I would like assurance that their work is directly related to solving
California's energy crisis and not the political strategy that [Mark]
Fabiani  and [Chris] Lehane have built a reputation for through their work at
the White  House," Connell said, Fox News reported today.

Connell says she supports a lawsuit filed Monday in Sacramento by Lewis
Uhler, president of National Tax Limitation Committee, to block "consultant"
fees to the two former advisers to failed presidential candidate Al Gore.

"They have a conflict of interest that may be terminal to their employment,"
Uhler said. "These are clearly not electricity experts. Their background
suggests they have been hired to be damage control folks for a beleaguered
governor."


----- Forwarded by Tana Jones/HOU/ECT on 11/27/2000 08:59 AM -----

	Walter Guidroz@ENRON
	11/20/2000 09:45 AM

		 To: Camille Gerard/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT,
Paul Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Stacey Richardson/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Noel
Petterson/Corp/Enron@Enron, Walter Guidroz/NA/Enron@Enron
		 cc:
		 Subject: ClickPaper approvals, 11-20-00

Attached are ClickPaper approvals for November 20, 2000.  Please note that
the credit limits in the spreadsheet reflect one-tenth of the actual credit
limit that we have assigned for a given counterparty since the headroom
within ClickPaper is calculated using Sigma Factor * Volume rather than
Pprice * Volume.  We will assign all future limits by using one-tenth of the
assigned credit limit since using the Sigma factor in these calculations
generates a value of roughly one-tenth of the full limit.  Hopefully this
will eliminate some of the recent problems we've had with counterparties
busting their credit limits.  Please call or send a note if you have any
questions.  Thanks.

Walter


Tanya:
This coming Friday Sara and I are going to walk the legal assistants through
some basic concepts with respect to the ISDA and CSA Schedules and
confirmations.  Do you think that we should invite some of the newer credit
people to this and if so, who?  Some of this will be a repeat of what we did
a few weeks ago but at a more basic level.  We were thinking that it may be
beneficial for Nidia Mendoza and Cathy Tudon.  Let me know what you think.
Carol


Jack,

Here is the file for November.  If you have any questions give me a call.

Robin
x57478


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/23/2000
03:38 PM ---------------------------

	Jill T Zivley
	02/23/2000 08:47 AM

To: Susan Smith/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT
Subject: Re: Potential Volume list for March, 2000

FYI...this well should come on the 1st week of March, but does have gas daily
mid month pricing for the first month. Thanks.

SUSAN
SMITH
02/22/2000 01:44 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Melissa Graves/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, Vance L
Taylor/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT
Subject: Potential Volume list for March, 2000

Darren:

 This is potential new volume for March , 2000:

 Counterparty  Meter   Volume   Mid Month Gas Daily?

 Cico Oil & Gas Co. TBA   2117 MMbtu per day Yes

 This number is NOT in Vance's production estimate. This well is anticipated
to come on the first week of March but earlier is possible.

 Please let me know if you need any additional information.

 Susan Smith x 33321


----- Forwarded by Jeff Dasovich/NA/Enron on 04/19/2001 10:43 AM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	04/19/2001 10:43 AM

		 To: psellers@Haas.Berkeley.EDU
		 cc:
		 Subject:


Robert Neustaedter has worked up an analysis of the PGE and PP&L programs.  Ree:  who can we meet with to discuss--do you mean at PGE or at ENA?

Let's figure out whether the rumor of a punitive imbalance charge is true before we do anything more.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 29, 2001 5:39 AM
To:	Kaufman, Paul; Lawner, Leslie
Cc:	Keene, Patrick; Kingerski, Harry
Subject:	RE: APS Filing

Ok.  It seems that (1) we should try and get a handle on AZ - Leslie Lawner please put something together and (2) need a Market Plan on NV - Pat Keene put together.

Paul, I appreciate the issue with OR but I'd like to know what is the opportunity and make sure that PGE is not destroying our chances - Christi got wind of a Imbalance pgm that was punative to marketers.  Who can we meet with to discuss?

Jim

 -----Original Message-----
From: 	Kaufman, Paul
Sent:	Friday, October 26, 2001 4:58 PM
To:	Lawner, Leslie; Steffes, James D.
Cc:	Keene, Patrick; Kingerski, Harry
Subject:	RE: APS Filing

I also hate Arizona--regulation.  Too much of an inside game, too much like Chicago--except hotter, dryer, hillier and more Republican.

Anyway ... I do not like (at all) the idea of pushing anything in Oregon right now and probably won't like it for about 6-9 months.

Re:  Nevada--we need a comprehensive approach to the state ASAP.

Re:  New Mexico.  Well ...

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Friday, October 26, 2001 2:53 PM
To:	Steffes, James D.
Cc:	Keene, Patrick; Kaufman, Paul; Kingerski, Harry
Subject:	RE: APS Filing

I hate Arizona.  I just sent you a message that changes things a little about the state, anyway.  We can out a memo together, however, Pat Keene is doing Nevada I know.  I can summarize AZ and NM.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Friday, October 26, 2001 3:33 PM
To:	Kaufman, Paul; Kingerski, Harry; Lawner, Leslie; Nord, Sue
Cc:	Shapiro, Richard
Subject:	RE: APS Filing

Seems to me that we need to engage in AZ (along with NV and OR?) in the Western states to try and push competition forward.  Why don't we first assemble a (1) what we know - what we don't know memo and then (2) look at oppotunities to push our agenda.

Leslie - everyone is looking to you to lead us to the promised land in AZ...  GO GET 'EM!!!!!!

Jim

 -----Original Message-----
From: 	Kaufman, Paul
Sent:	Friday, October 26, 2001 2:05 PM
To:	Kingerski, Harry; Lawner, Leslie; Nord, Sue
Cc:	Shapiro, Richard; Steffes, James D.
Subject:	RE: APS Filing

Mark Frankena is now an advisor to the Chair of the FTC.   Leslie--when do you start?

 -----Original Message-----
From: 	Kingerski, Harry
Sent:	Friday, October 26, 2001 12:04 PM
To:	Lawner, Leslie; Kaufman, Paul; Nord, Sue
Cc:	Shapiro, Richard; Steffes, James D.
Subject:	RE: APS Filing

I don't think past absences of reasoned decision making by the ACC should prejudice our attempt to re-engage, if there is a cause worth fighting for.  We had a good case then, and they blew us off.  One of the guys mainly responsible for that has since been run out of the state.   It's not like opportunities are as abundant as they once were nor are the commercial people going to go out of their way to tell us to engage.  Retail guys periodically ask about AZ but there is little to tell them.  If we see a worthy cause, let's go for it.

Leslie - where do we start?

 -----Original Message-----
From: 	Kaufman, Paul
Sent:	Thursday, October 25, 2001 2:58 PM
To:	Shapiro, Richard
Cc:	Nord, Sue; Lawner, Leslie
Subject:	RE: APS Filing

We fought this issue at the ACC when it was first presented several years ago.  Recall that this was the settlement where we were joined at the hip with the industrials, the industrials cut and run for a rate reduction, and we ended up litigating the case (testimony by Mark Frankena--on local market power, Tom Delaney, Harry Kingerski, and another consultant).  We got our bottoms kicked--although I think we won on the credit for billing our own customers (APS wanted to credit ESPs $0.25/customer--we got the number up somewhere above the cost of postage).

My recollection is simliar to Leslie's re:  the asset transfer and affiliate as the PLR.  It was part of the settlement.  We fought the arrangement and lost.  Recall that we appealled the ACC's decision on the basis of bias and lost.  I'm not a big fan of the ACC ... given our track record.  We have much better political contacts in Arizona now; however, the contacts are with the Gov's office and not the ACC.  Recall that the ACC is elected and is one of Arizona's four branches of government--i.e., the judiciary, the legislature, the executive branch and the ACC (by virtue of Arizona's constitution).

APS may be pushing back a little hard here (25% by 2008), but I'd want a firm indication that there was interest in Arizona before we fight it, and I'd want a clear indication that the market wasn't competitive from a retail perspective without the PLR being 100% short.  When we fought it last time, Frank Vickers and ENA had some interest in the PLR.  We tried to negotiate a deal with Jack Davis to swap some power so the PLR was instaneously being served by other than APS.  We were entirely unsuccessful and Vickers dropped Arizona like it had the plague.

Having said all that, I'm always up for a good fight.  If we can EPSA to step in and spend some money, I'd be happy to help out in any way I can.

 -----Original Message-----
From: 	Shapiro, Richard
Sent:	Tuesday, October 23, 2001 6:46 AM
To:	Kaufman, Paul
Subject:	FW: APS Filing

Thoughts?

 -----Original Message-----
From: 	Nord, Sue
Sent:	Monday, October 22, 2001 5:11 PM
To:	Shapiro, Richard; Steffes, James D.
Subject:	APS Filing

Are we (or EPSA) taking an active role in the filing APS made with the Arizona Commission to use the unregulated affiliate of its parent as the wholesale provider of last resort?  (There's an article on the filing in today's Electric Power Daily that says they've filed to push back the requirement that they purchase 100% of their power from the competitive market by 2004 to a requirement that they purchase 25% of their power competitively by 2008).

Sue Nord
Senior Director
Government Affairs
713-345-4196


Use "Sheet 3" on the attached file.  Page me at 1-800-978-1788 if you have
questions.


that is amazing


It's a love fest!  How goes it?

	Paul Kaufman@ECT
	03/13/2001 11:26 AM

		 To: Richard Shapiro/NA/Enron@ENRON
		 cc: Jeff Dasovich, Susan J Mara/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@Enron
		 Subject: Re: Affiliate Relook case [PLEASE RESPOND TODAY]

I agree as well.

Richard Shapiro@ENRON
03/13/2001 09:28 AM
To: Jeff Dasovich/NA/Enron@Enron
cc: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Sandra McCubbin/NA/Enron@Enron
Subject: Re: Affiliate Relook case [PLEASE RESPOND TODAY]

Agree.

From: Jeff Dasovich on 03/13/2001 11:24 AM
Sent by: Jeff Dasovich
To: James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron
cc:

Subject: Affiliate Relook case [PLEASE RESPOND TODAY]

Given everything that we've got on our plate, and the relative priority of
the affiliate issue, and the fact that ARM and Wild Goose are involved, I
would propose that we take a pass on this one.  Thoughts?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 03/13/2001 11:18 AM -----

	JMcTarnaghan <JMcTarnaghan@GMSSR.COM>
	03/13/2001 10:59 AM

		 To: "'smara@enron.com'" <smara@enron.com>, "'Jeff Dasovich'"
<jdasovic@enron.com>
		 cc:
		 Subject: Affiliate Relook case [PLEASE RESPOND TODAY]

Dear Jeff and Sue:

Sorry to be a broken record on this one....but I don't know what you want to
do about the Affiliates case.  There is a PHC tomorrow and comments were
filed.  SCE's comments make a nasty jab at Enron for proposing the rules in
the first place.  I see that AReM is participating as well.  If your plan is
to participate in this proceeding only through AReM, that's fine but please
let me know so that I can remove my appearance.  I will be at the PHC for
Wild Goose but would like to be very clear about who I am representing in
the docket in order to avoid confusion.

Thanks,

Jim McTarnaghan
Goodin, MacBride, Squeri, Ritchie & Day
505 Sansome Street, Suite 900
San Francisco, CA 94111
415-765-8409 (Direct Line)
415-398-4321 (Fax)
jmct@gmssr.com (Email)


I need to finish up an agreement and have it sent to a man by the name of
John "Steinbow". Please call him and get the correct spelling of his name,
his address and his fax number.  If he (or his assistant) needs an
explanation, I need the info to complete an agreement requested by Mark
Bernstein.  (Mark doesn't have the info, but doesn't want John to know he
doesn't have it, so please don't call Mark to ask.)

Steinbow's number is 914 697 2418.

Thanks!

Kay


-----Original Message-----
From: 	Yparraguirre, Jay
Sent:	Thursday, September 20, 2001 9:41 AM
To:	Geaccone, Tracy; Pritt, Deborah
Subject:	2002 Plan Assessments as of 9/19/01 for EREC

Attached is the updated version of the 2002 plan assessments from ENW for your business unit.  This intercompany billing invoice now includes pass throughs.  Consistent with 2001, pass through billings (long distance, market data, WAN, etc.) will not be included in the standard assessments ("8xxxxxxx" accounts).  They will be posted directly to direct expenses ("5xxxxxxx" accounts) at the cost center level.  This pass through number is only a high level place holder and is not intended to replace the dollars already being budgeted for by each cost center owner.

If you have any questions, you can contact Kevin May at x52508 and he will answer any questions or direct you to the correct person.

If you are not the correct person to receive these assessments or if there is someone else that you would like to include in this process, please reply back to me with this information and I will add them to the contact list for future correspondence.

Thanks,

Jay
x53813


Steve --  A few months ago, Erin Rice approached me about the idea of
creating a Chief Morale Officer for Enron, a relatively new concept she had
read about.   I asked her to write up a position description (attached).
Last week, Meredith and I attended a media conference in San Francisco with
all the top new media and traditional business/financial publications, and
the big story trend is corporate culture and what's new and different at
companies.  A CMO would give Enron a unique angle to participate in (and
pitch) culture stories and increase our exposure (and help with recruiting).
It would also serve an incredible need internally to have an executive who
was responsive, accessible to employees and had the ability to resolve
problems.  In looking at the organization, I thought someone like Cindy Olson
would be perfect for a CMO.  Just wanted to pass along this suggestion to see
what you thought.

Thanks.
kd


[IMAGE]			[IMAGE][IMAGE]
[IMAGE]			250  premium color business cards![IMAGE]

[IMAGE]

 WE HAVE A WIDE SELECTION OF TEMPLATES TO  CHOOSE FROM: >HIGH IMPACT >MOST POPULAR >PROFESSIONAL >GEOMETRIC >INFORMAL 			 VistaPrint.com is giving away a very  special FREE gift to visitors of its web site right  now!   Click the link below to claim your FREE* set of  250 business cards, custom printed for your business  or personal use. Since premium quality, full-color  business cards can cost as much as $100.00 to $150.00,  this is a once-in-a-lifetime opportunity that is not  to be missed!   Design your business card online in five easy  steps. Choose from corporate, elegant, casual, funky  or even wild designs. VistaPrint.com will custom  print your design on attractive, top-quality paper  stock and ship your cards to your door. Claim this  rare and valuable free* gift now!    CLICK HERE     * Shipping & Handling not included. See website for details.
		[IMAGE]	[IMAGE]

You are receiving this Special  Offer as a valued iExpect.com member. If you do not wish to receive any
Special Offers from us in the future, please click here   to unsubscribe.[IMAGE]


You have received this email because you are listed as a data approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007666&Page=
Approval to review and act upon this request.

Request ID          : 000000000007666
Request Create Date : 11/17/00 8:40:57 AM
Requested For       : manfred.roenz@enron.com
Resource Name       : EOL US Risk Management Application Product Data Manager
Resource Type       : Applications


The memo going out on Monday discusses the corporate policy committee briefly
at the end.  The corporate policy committee does the MD PRC (evaluation of
MDs and promotions to MD), reviews the recommendations of the other
committees (which we are just now forming).  Additionally, the corporate
policy committee met to determine the membership and charters of the other
committees (including the PRC committees).  The corporate policy committee is
comprised of the most senior executives, including the Office of the
Chairman, the leaders of the four business units and the heads of the
corporate functions.  In addition to the specific items mentioned above, the
corporate policy committee was intended to discuss and resolve the major
issues facing the company, including issues of strategy, personnel and
challenges facing the company.

The corporate policy committee has met three times so far, so not much
history yet.  Perhaps as further pronouncements issue from this august body,
we will make more of a point about where they came from.

	Mary Clark
	03/15/2001 05:36 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: RE: Corporate Policy Committee

Steve, please briefly describe what the policy committee does so we can
respond to this employee question.  Thanks.  Mary
---------------------- Forwarded by Mary Clark/Corp/Enron on 03/15/2001 05:35
PM ---------------------------

Mary Clark
03/07/2001 10:11 AM
To: Sherri Sera/Corp/Enron@ENRON
cc:

Subject: RE: Corporate Policy Committee

Sherri and Rosie:  The Enron Policy Committee is a new name for Enron
employees.  Perhaps, we should have stated what the committee does for those
employees who forget what they read or who do not read their emails.  Too
late for this one.  I will get Steve to give me a short description.

Mary

	From:  Sherri Sera                           03/07/2001 09:43 AM

To: Rosalee Fleming/Corp/Enron@ENRON, Mary Clark/Corp/Enron@ENRON
cc:

Subject: RE: Corporate Policy Committee

It's not like we've sent out a lot of memos about the corporate policy
committee, but this guy hasn't read the ones that did go out!  SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 03/07/2001
09:43 AM ---------------------------

Anonymous

From: Anonymous on 03/07/2001 02:43 AM
To:
cc:

Subject: RE: Corporate Policy Committee

 Dear Office of the Chairman,
Could I beg your indulgence for just a few minutes please?  I,m guessing this
is good news for Dave and John.  But, what does the Corporate Policy
Committee do?  Aside from the board, are their many other executive level
committees?
I suppose that as a Senior Director, and +5year employee, that I should know,
however I can,t recall hearing about these groups before.
Regards,
Richard.

-----Original Message-----
From: Ken Lay and Jeff Skilling/Corp/Enron@ENRON
[mailto:IMCEANOTES-Ken+20Lay+20and+20Jeff+20Skilling_Corp_Enron+40ENRON@ENRON.
com] On Behalf Of Ken Lay & Jeff Skilling@ENRON
Sent: 06 March 2001 23:46
To: All Enron Worldwide@ENRON
Subject: Organizational Announcement

We are pleased to announce that Dave Delainey and John Sherriff are joining
the Enron Corporate Policy Committee.
With these additions, below is a current listing of Corporate Policy
Committee members.

Cliff Baxter
Rick Causey
Dave Delainey
Jim Derrick
Andy Fastow
Mark Frevert
Kevin Hannon
Stan Horton
Steve Kean
Ken Lay
Lou Pai
Ken Rice
John Sherriff
Jeff Skilling
Greg Whalley


Dear Medicine Bow Shipper:

This morning we received FERC approval for the fourth tie-in segment (to
gate #7) contracted  for  92 Mdth/day.  This brings the firm capacity of the
Medicine Bow system to 472 Mdth/day.  The contract effective date will be
October 19, but you will be able to utilize this capacity as soon as we have
it set up in the system today.

Please call me if you have any questions.

Laine Lobban
719-520-4344
719-331-3379 (cell)

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


ISDA PRESS REPORT - MARCH 9, 2001

* BoE Clementi Wants More Transparency In Derivatives Mkts - Dow Jones
International News
* Swaps may move warns BIS - Financial Products
* Greenspan Encourages Banks Not to Exercise Too Much Caution - BNA
* ISDA seeks derivatives product documentation standard - Risk News
* OTC strength hampers new exchange issues - Risk News

BoE Clementi Wants More Transparency In Derivatives Mkts
Dow Jones International News
By Gonzalo Vina

LONDON -(Dow Jones)- Bank of England Deputy Governor David Clementi said
Friday that booming derivatives markets need to be more transparent to avoid
risks to the stability of financial markets.

According to prepared remarks for a speech to be delivered at a central
banking conference at the Bank of Italy in Rome, Clementi said the
documentation recording transactions in derivatives markets also needs to be
improved to avert wider shocks in financial markets.

"In the banking system, capital and liquidity management are crucial to the
management of these risks and have to be adapted to new circumstances,"
Clementi said.

"But the attention of central banks and regulators can't end there. Recent
developments in the credit transfer markets and the concerns identified
regarding risk management and documentation for credit derivatives
illustrate this," he added.

Clementi said one of the benefits of the rapid expansion of credit
derivative markets, worth around $600 billion a year, is that banks need no
longer remain exposed to their large customers.

But these same customers can now take on further exposure to other forms of
credit through these new instruments without increasing their borrowing.
This, he argues, makes it more difficult for creditors, shareholders and
regulators to assess risk.

Clementi warned that the documentation relating to many of these
transactions is often misunderstood or is taken to have different meanings
by different parties. He is also worried about how courts in different
countries would treat these contracts.

Swaps may move warns BIS
Financial Products - March 8, 2001
By Andrea Reierson

Consolidation in the global banking sector could make it harder to keep
swaps the preserve of the OTC marketplace and may push them onto a
centralised exchange, the Bank for International Settlements (BIS) said in
its quarterly review.

"Credit-conscious customers are losing their ability to diversify
counterparty credit risk, particularly in their derivatives transactions,"
the BIS said in its report for the fourth quarter of last year.
This increasing concentration of swap books may spark strong pressure for
swaps listed on an organised exchange where counterparty risk is taken by
the exchange's clearing house, BIS said.

Later this month, Liffe is to roll out futures contracts based on euro swaps
which will allow traders to hedge two-, five- and ten-year swap contracts in
the same way bond traders use futures to hedge positions.

BIS also noted the market shift in fixed income benchmarks from government
bonds to shorter-term instruments, particularly in the US. This comes amid
the trend of declining government debt issuance and debt buybacks while
financing grows among parastatal and private sector financing.

This would likely see derivatives exchanges introducing contracts based on
underlying assets such as corporate bonds and asset-backed securities.

In a study accompanying the quarterly review, the BIS found that private
instruments eclipsed government paper as a benchmark in the dollar money
market over the last two decades. And the bond market's shift away from
government securities may have continued even without the declining stock of
US government debt issuance.

Trading in interest rate swaps has risen relative to futures and options
trading in Treasury notes and bonds with transactions in coupon-bearing US
Treasuries peaking in 1998 while those in private instruments continue to
rise, the BIS said.

Global exchange-traded derivatives activity rose 6% in the fourth quarter of
last year to $91.5 trillion, buoyed by rising volumes of equity derivatives
trade while an increase in money-market transactions offset a decline in
government bond related trade, BIS said in its quarterly review.

For 2000 as a whole, the value of exchange-traded products rose 10% from the
previous year to $383 tr.  The value of Interest rate product transactions
also grew 10% to $339 tr.

Weakening stock markets and increased volatility boosted equity-related
trade, prompting increased hedging by investors, BIS said.

Expectations of easier monetary policy in the US led to buoyant activity in
short term interest rate products with the dollar value of US money market
contracts up 20%.

The continued expansion of the interest rate swaps market also underpinned
demand for money market products, typically the most common hedging vehicle
for swaps and swaptions.

By the end of June last year, the total notional amount outstanding of all
OTC derivatives stood at $94tr up 15% from the same period in 1999.

The notional outstanding amount of OTC single-currency interest rate
derivatives was $64tr, while OTC equity-linked derivatives posted a gain of
13% to $1.7 tr.

Greenspan Encourages Banks Not to Exercise Too Much Caution
BNA - March 9, 2001

Even as he acknowledged that lax credit standards can jeopardize banks'
solvency and have contributed to deteriorating bank earnings, Federal
Reserve Chairman Alan Greenspan March 7 cautioned bankers not to be overly
careful about making loans.

''Lenders and their supervisors should be mindful that in their zeal to make
up for past excesses they do not overcompensate and inhibit or cut off the
flow of credit to borrowers with credible prospects,'' Greenspan told a
convention of the Independent Community Bankers of America in Las Vegas.

Greenspan said community bank lending has had little to do with recent
contractions in loan quality. "Today's problems generally relate to
syndicated credits, especially those to leveraged borrowers," he said. "As
problems materialized, earnings fell significantly for some of the larger
banks, which in turn caused aggregate commercial bank industry earnings to
fall slightly during 2000, thus bringing to an end the industry's string of
ten consecutive years of higher earnings.

"Nevertheless, though the effects of these excesses are likely to continue
for much of this year in the form of moderately deteriorating asset quality
and earnings at some of the larger banks, these problems, one hopes, will
prove modest both by historical standards and relative to the resources of
these institutions."

Greenspan said bank regulators are paying close attention to smaller
commercial banks' increased real estate lending. "Though underwriting
practices appear to be much healthier today than they were in the 1980s and
standards have tightened somewhat recently, supervisors are paying
particular attention to community banks with concentrations that make them
materially vulnerable to a downturn in this market," he said.

Nevertheless, Greenspan was also somewhat critical of banks' lending
judgment. ''It is interesting to note that the length of the current
expansion, coupled with the absence of problem commercial loans until
recently, has led to some depreciation in both bankers' and supervisors'
skill in handling weakened or troubled credits,'' he said, referring to the
problem lending of the late 1980s and early 1990s.

To community bankers concerned that it has become increasingly difficult to
attract the deposits necessary to maintain a healthy lending portfolio,
Greenspan offered the other side of the coin: "It is also important to
recognize that the reduction in portfolio liquidity is more a product of
good business--high loan demand--than of the relatively slow growth in core
deposits."

Greenspan's comments further confirm earlier indications that he does not
support proposals to raise deposit insurance coverage provided by the
Federal Deposit Insurance Corporation above the current $100,000 per account
provided now. Recently, FDIC adopted the position that deposit insurance
coverage levels should be raised. Several bills pending in Congress would
raise coverage levels to $200,000 per account.

Banks O.K. With Basel

Lastly, Greenspan said most banks have submitted comments to the Fed in
support of the new Basel Accord, which recommends new capital standards for
banks. Responses to a request for comment related to the new Basel Accord
and an alternative proposal by the Fed that could simplify capital standards
for U.S. banks show that most banks prefer the Basel Accord, he said.

"The responses to date indicate that community banks in general do not
believe that the current accord is burdensome, mainly because the costs of
adapting systems and reporting for such an approach have already been
incurred," Greenspan said. "Indeed, some commentators indicated that a
change to an even simpler system would in itself be more burdensome than
sticking with the current regime."

The Fed, the Office of the Comptroller of the Currency, the Office of Thrift
Supervision, and FDIC issued an advance notice of proposed rulemaking on the
matter in October. Comment letters have indicated cautious support for
simpler methods of calculating capital adequacy, but not if "simplicity"
means meeting tougher capital criteria.

Many banks have also reported to the Fed that they are not in favor of a
stand-alone leverage ratio with much less complexity and reporting if it
means that bank supervisors would set the a minimum ratio higher than is
required by the current leverage standard, Greenspan said. "Many of the
responses indicated that was not a favorable trade-off, even though most
community banks have exceptionally strong leverage ratios," he said. "I
should emphasize that we are still analyzing your many excellent comments to
determine what kind of response we should give."

ISDA seeks derivatives product documentation standard
Risk News - March 8, 2001
By John Ferry

Members attending the International Swaps and Derivatives Association (ISDA)
conference in Houston this week reached general agreement that there is a
need to standardise derivatives 'master agreements' - legally binding
counterparty contracts.
"There was much discussion about reconciling the variety of product
documents for risk management purposes," said Ruth Ainslie, senior policy
director at ISDA, the global trade association that represents
over-the-counter (OTC) derivatives market participants.

The possibility of creating a single 'master master' agreement that covers
both physical and financial products was actively discussed, with advocates
citing such contracts would improve efficiency by simplifying the
negotiation process for market operators.

Doubts were expressed by some participants, however, regarding the
feasibility of developing a 'master master' contract, especially concerning
administration, legal and negotiation difficulties with cross-affiliate
master agreements.

OTC strength hampers new exchange issues
Risk News - March 6, 2001
By Christopher Jeffery

The continuing dominance of the over-the-counter (OTC) derivatives
marketplace has meant the plethora of new exchange-traded products
introduced in the past few years have had only limited success.

While a number of contracts like 10-year Treasury notes have seen
significant trading volumes, evidence collated by the Bank for International
Settlements (BIS) suggests that growth has been at the expense of other
exchange-traded contracts, and not due to an erosion of OTC activity.

"Few of the contracts introduced by established marketplaces in recent years
have met with an enthusiastic response, and the gains enjoyed by some
contracts have largely reflected a reallocation of business away from
traditional benchmarks," said BIS economist Serge Jeanneau in the
international body's Quarterly Review.

Jeanneau added that this trend was most acute in the US, where net
repayments of government debt combined with a shift of issuance to
intermediate maturities have affected the liquidity of the Treasury bond
contract and led to a near displacement by the 10-year Treasury note.

Europe, however, has also witnessed displacement activity.

"A reallocation of activity also took place in Europe in the late 1990s,
with Eurex capturing business in the long-term segment of the euro yield
curve and Liffe achieving dominance in the short-term area," said Janneau in
the report.

Janneau believes the falling number of non-government issues in the near
future will lead to exchanges introducing contracts based on corporate and
asset-backed securities. Examples of likely future behaviour include the US
Bond Market Association's move last September to develop proposals for a
corporate bond futures contract, and CBOT's efforts to introduce
mortgage-backed contracts.

Janneau added that he also expects exchanges to look at introducing
instruments based on broader fixed-income indexes and not just government or
corporate securities in the next few years. Many investment banks already
offer such services.

**End of ISDA Press Report for March 9, 2001.**

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA.  THIS PRESS REPORT IS
NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS
NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.

Scott Marra
Administrator for Policy & Media Relations
ISDA
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-2578
Fax: (212) 332-1212
Email: smarra@isda.org


David:
Here is a draft of the letter to Constellation
Carol


Louise --

Here is the analysis on how many Govt Affairs' FTEs work on Enron Americas matters.

The bottom line = 67 Professionals in group / 29 FTEs on Enron Americas.  Call if you want additional information.

Also, I am trying to arrange a meeting for this Friday to discuss our next Monthly Update (which I am finishing hopefully tomorrow).

Thanks,

Jim


Donna, in talking with Larry Stuard, he can give us a demonstration on the new blackberry devices
    if Jean does not have time.  Just thought I would throw that out there if there is an interest.  Thanks. Lynn

-----Original Message-----
From: Scott, Donna
Sent: Tuesday, August 28, 2001 5:05 PM
To: Blair, Lynn; January, Steven
Subject: FW: Hardware Purchases

FYI, I have reserved some dollars for PDA's or the new blackberry devices.  As soon as Jean gets her blackberry she will demonstrate the features of each device so you can determine what best fits your needs.
Donna
-----Original Message-----
From: McFarland, Jean
Sent: Tuesday, August 28, 2001 4:27 PM
To: O'Gorman, Karon
Cc: Abshire, Scott; Steward, Larry; Scott, Donna; Taylor, Gina
Subject: Hardware Purchases

Karon -- please order the following items below.   If you could also provide an ETA of arrival I'll let the users know.

I have alreay met with Scott and he approved all purchases.

Thanks.  Jean

NNG MARKET SERVICES

15" flat panels

1     John Buchanan

1     Terry Kowalkie

2     Gary Spraggins (and card)

2     Daryl Schoolcraft (and card)

2     Amy Mulligan (and card)

Networked Color Printer for Debbie Moore $3500.00  She needs to print 17x11. PLEASE VERIFY THIS REQUIREMENT!!!

Local standard printer for Gina Taylor - $1,500.


monday around 10 also works for me


All -

Please see the below invitation from Elliot Mainzer.  We are working together to establish an internal Enron Renewable Network to capitalize on commercial opportunities in the renewable power sector.

Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct
713-303-2632 cell
sbolton@enron.com <mailto:sbolton@enron.com>

 -----Original Message-----
From: 	Mainzer, Elliot
Sent:	Friday, July 20, 2001 5:24 PM
To:	Bolton, Stacey
Subject:	Invitation

I'm writing to invite you to a meeting on August 16 to discuss origination and trading opportunities in the renewable power sector. On April 1, we established the Renewable Power Desk under the umbrella of West Power Trading and West Origination here in Portland. The Desk was established to apply Enron's power marketing and development expertise to the growing market for green power in the WSCC. Within 6 weeks we closed our first deal (a five year fixed-price sale of energy and renewable energy credits worth several million dollars) and I am very excited about the opportunities in this market nationwide. I've spent a lot of time during the last several months establishing contacts with the key developers and marketers in the renewable power market, and Stacey Bolton of Enron's Environmental Strategies Group has garnered a very solid understanding of the regulatory environment and supply/demand dynamics in markets across the country. When you combine Enron's skills in the wholesale market with our huge customer base at EES and the increasing level of green power committments in the public and private sectors, it becomes readily apparent that Enron is poised to be a major player and market-maker in the renewable power sector.

I would like to meet with you and other representatives of Enron's trading and origination groups on Thursday, August 16 from 12-3 to discuss a coordinated commercial response to the renewable power market on a nationwide basis.  Lunch will be served. Please let Stacey or me know ASAP if you or a designate from your group will be able to attend.  We will contact you with a follow-up call/e-mail the week of August 6th with a room location and agenda, and hope you will be able to attend.

Best wishes,

Elliot

Elliot Mainzer
Renewable Power Desk
Enron North America
121 SW Salmon St.
3WTC-0306
Portland, OR  97201
(503) 464-3706
(503) 464-3740 (FX)
(503) 709-6959 (CL)


PLEASE NOTE THAT THERE WILL NOT BE A REPORT ISSUED THIS WEEK.  I WILL UPDATE
EVERYONE NEXT WEEK ON THE VARIOUS MATTERS.

Further, if you have not already been advised, our paralegal, Samantha Boyd,
will be out of the office for several weeks due to a personal loss.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com
----- Forwarded by Mary Cook/HOU/ECT on 04/06/2001 11:05 AM -----

	Mary Cook
	03/30/2001 10:32 AM

		 To: Derek Davies/CAL/ECT@ECT, Greg Johnston/CAL/ECT@ECT, Mark
Powell/CAL/ECT@ECT, Chris Gaffney/TOR/ECT@ECT, Carol St Clair/HOU/ECT@ECT
		 cc: Tracy Ngo/PDX/ECT@ECT, Russell Diamond/HOU/ECT@ECT, Wendy
Conwell/NA/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Susan
Bailey/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Mark Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT
		 Subject: Canada Work Report

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Mary Lynne -- Is this for both EES and EEMC?  Is EPMI in this bill?  Can we pay separately by company?

Jim

 -----Original Message-----
From: 	Ruffer, Mary lynne
Sent:	Thursday, December 13, 2001 11:43 AM
To:	Stubblefield, Wade; Steffes, James D.
Cc:	Nelson, Kimberley; Furrow, Dale
Subject:	ISO Payments

We have the following ISO payments for NOVEMBER business:

PJM    $134,457  -Due on Dec. 20

New England ISO $6,465,680 - Due on Dec 20

New York  ISO   $524,506  Due on Dec 18

Are we paying???


what is shawn's cell phone number?  he was supposed to stay at my place last
night and he didn't show up.


The message that you sent was undeliverable to the following:
 mhenry@bracepatt.com (user not found)

Possibly truncated original message follows:

Received: from mcafee.bracepatt.com by bracepatt.com; Fri, 23 Mar 2001
12:33:06 -0600
Received: FROM postmaster.enron.com BY mcafee.bracepatt.com ; Fri Mar 23
12:45:04 2001 -0600
X-Proxy: keymaster.bracepatt.com protected
Received: from mailman.enron.com (mailman.enron.com [192.168.189.66]) by
postmaster.enron.com (8.8.8/8.8.8/postmaster-1.00) with ESMTP id SAA24928;
Fri, 23 Mar 2001 18:32:43 GMT
From: Mary.Hain@enron.com
Received: from nahou-msmsw01px.corp.enron.com ([172.28.10.37]) by
mailman.enron.com (8.10.1/8.10.1/corp-1.05) with ESMTP id f2NIWcL18604; Fri,
23 Mar 2001 12:32:39 -0600 (CST)
Received: from ene-mta01.enron.com (unverified) by
nahou-msmsw01px.corp.enron.com (Content Technologies SMTPRS 4.1.5) with ESMTP
id <Tac1c0a255277e3f6a7@nahou-msmsw01px.corp.enron.com>; Fri, 23 Mar 2001
12:32:26 -0600
Subject: I'm Leaving Enron
To: David_Aamodt@pgn.com, dapnucc@teleport.com, dick@pnucc.org,
seabron.adamson@frontier-economics.com, Frank_Afranji@pgn.com,
raa@vnf.com, Joseph.Alamo@enron.com, ajaldrich@snopud.com,
Jeff.Alexander@enron.com, Al.Alexanderson@enron.com,
Keonee.Almaida@enron.com, hollis.alpert@ferc.fed.us,
Brenda.Anderson@enron.com, angles@howry.com,
Alan.B.Aronowitz@enron.com, gdb@vnf.com, npbaker@bpa.gov,
ellen@tca-us.com, paulb@citizenspower.com, paulb@citizenspower.com,
garybarbour@email.msn.com, jbartus@cammckenna.com,
glynda.becker@mail.house.gov, Samuel.Behrends@enron.com,
bbennett@bpa.gov, sberman@hewm.com, ramsen.betfarhad@mail.house.gov,
KBILAS@SKADDEN.COM, sbooye@Skadden.com, raymond.r.boyce@state.or.us,
tbradley@bracepatt.com, scott.brattebo@pacificorp.com,
sbrose@steptoe.com, sbuchheit@bracepatt.com, alanb@wutc.wa.gov,
Jim.Byrne@enron.com, vergil.cabasco@mail.house.gov,
johncameron@dwt.com, Doug.Carmichael@enron.com, Ed.Cassidy@enron.com,
ajchambe@llgm.com, Melissa.Chiechi@enron.com,
elchristensen@snopud.com,        kevin.clark@ci.seattle.wa.us,
rcloward@avistacorp.com,


Hi Folks,
?
As we always do, here are a few stories from Bob  Harris and the TFL Report.?
Great stuff as always.
?
Enjoy.
?
Joe
?
JANIKOWSKI? WHEATLEY? ASK ANYBODY  BUT GRUDEN...
[IMAGE]
?Written By TFL Report Editor Bob Harris

 - 0.gif


Let me know whether or not you can make it to the game on Wednesday @7.

---------------------- Forwarded by Eric Bass/HOU/ECT on 09/25/2000 01:19 PM
---------------------------

Brian Hoskins
09/15/2000 12:51 PM
To: Eric Bass/HOU/ECT@ECT, bthoskins@hotmail.com, Luis.Mena@enron.com,
Amir_Ahanchian@enron.net, Matthew Lenhart/HOU/ECT@ECT, Timothy
Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Lenine
Jeganathan/HOU/ECT@ECT
cc:
Subject: Flag Football Schedule (Again)

The City League has once again revised our schedule.  Hopefully, this will be
the last time.  In case you're wondering why we play the Jay Ballers, the
team we beat last week, three times during the season and the Raiders only
once, don't ask me.  The Raiders, however, are a much better team, so that
should work to our advantage.

Have a good weekend,
Brian

All games are on Wednesday nights at Jaycee Park ballfield
9/6 Bye
9/13 8pm vs. Jay Ballers (W 13-7)
9/20 7pm vs. Organized Confusion
9/27 7pm vs. Raiders
10/4 7pm vs. Dawgs (Enron)
10/11 9pm vs. Jay Ballers
10/18 7pm vs. Jay Ballers
10/25 9pm vs. Organized Confusion
11/1 9pm vs. Dawgs (Enron)

Directions to Jaycee Park ballfield (NW)
1300 Seamist @ Grovewood
Go out the West Loop N (610) to W. 18th Street.
Exit W. 18th Steet, go right
Take right on Seamis, follow to the park


Kendal:
I need to push back our call 30 minutes.  Does 10:30 your time still work?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	"Bowman, Kendal" <kendal.bowman@pgnmail.com>
	05/16/2001 03:25 PM

		 To: "'Carol.St.Clair@enron.com'" <Carol.St.Clair@enron.com>
		 cc:
		 Subject: RE: EEI Master

Carol,
Thank you so much for sending me an e-mail!  My traders are pushing hard to
get an agreement in place with Enron.
I have some time tomorrow morning around 10AM Eastern Time.  Would you be
available at that time to discuss?
Thanks,

Kendal Bowman
Associate General Counsel
Progress Energy
P.O. Box 1551
Raleigh, NC  27602
(919)546-6794
kendal.bowman@pgnmail.com

-----Original Message-----
From: Carol.St.Clair@enron.com [mailto:Carol.St.Clair@enron.com]
Sent: Wednesday, May 16, 2001 4:23 PM
To: kendal.bowman@pgnmail.com
Subject: EEI Master

Kendal:

I have taken over some of Janice Moore's files since her departure from
Enron, one of them being the EEI Master with CP&L.  Could you please call
me when convenient to discuss where things stand and what needs to be done
to finalize it?  I will be out of the office this Friday and next Monday.
Thanks.
Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Lucy,

 Did you get set up on the checking account?  Try and email me every day with
a note about what happened that day.
 Just info about new vacancies or tenants and which apartments you and wade
worked on each day.

Phillip


FYI, KIm.

 -----Original Message-----
From: 	Hass, Glen
Sent:	Thursday, October 18, 2001 11:45 AM
To:	Fossum, Drew; Fritch, Bret; Harris, Steven; Kilmer III, Robert; Lokey, Teb; McCarty, Danny; Miller, Mary Kay; Petersen, Keith; Porter, Gregory J.; Veatch, Stephen; Watson, Kimberly
Subject:	CA Capacity Report

Attached is an updated Interstate Pipeline Capacity to California Report with changes and additions highlighted.  gh


Sounds like an interesting meeting.  SS

	From:  Chris H Foster                           02/08/2000 03:54 PM

To: Tracy Ngo/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Gaurav
Babbar/HOU/ECT@ECT
cc: Ozzie Pagan/HOU/ECT@ECT
Subject: Delano/Thermo Ecotek Meeting

The meeting with these guys will be on the 17th in Houston.  The agenda will
be:

1)  Matching physical and financial:  what are the benefits and risks of
separating the physical and financial components of a transaction?  What
happens when your physical output volume differs from the swap volume?  Chris
will handle this.

2)  Unit contingency insurance:  What is ENA doing with respect to offering
this product to its clients?  How does thisreduce risk when a generator's
physical volumes do not match the swap volumes?  Gaurav will be handling this.

3)  Review of the swap contract language with special focus on focusing on
credit and how the Thermo Ecotek (or Thermo Electron) credit amount will be
allocated to their individual generation subsidiaries.  Tracy and Sara will
handle this.

I plan to start at 9:30 and be done at 12:00 noon.  Feel free to attend the
entire meeting or just your part..  Also, we will go out to lunch thereafter
and you are invited if you'd like.

Tracy has graciously volunteered to get us a conference room.

Sara/Guarav:  we will let you know the conference room number.

Thanks again!  Let's hope they don't cancel this time.

Chris


The Wholesale Budget Meeting is confirmed for today @ 11:00 a.m. in EB-32C2.  London will participate via video conference.

Many Thanks,

Liz Taylor

P.S.  I know some of you are not participating today.


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Thursday, October   25, 2001
                                                                                (Trade Date of Wednesday, October   24, 2001)
Click here to access index history.
                                                                                * volume represents sell-side only *

Region     Hub	High	Low	Wtd Avg Index	Change ($)	Vol (mmBtu)	Hub Name
 LOUISIANA
    ANR SE	          $2.6700	          $2.6000	          $2.6451	-    .1537	         206,300	American Natural Resources Pipeline Co. - SE  Transmission Pool
    Columbia Onshore	          $2.7600	          $2.5700	          $2.6712	-    .1221	         217,800	Columbia Gulf Transmission Co. - Onshore Pool
    Henry Hub	          $2.8000	          $2.6100	          $2.6750	-    .1390	       1,269,400	Henry Hub tailgate - Louisiana
    NGPL LA	          $2.6600	          $2.5850	          $2.6307	-    .1672	         220,600	Natural Gas Pipeline Co. of America, Louisiana Pool
    Tenn 500L	          $2.7000	          $2.5800	          $2.6312	-    .1588	         208,500	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
    Tenn 800L	          $2.6450	          $2.6100	          $2.6295	-    .1473	         181,900	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
    TETCO ELA	          $2.6800	          $2.6000	          $2.6316	-    .1381	         209,000	Texas Eastern - East LA
    TETCO WLA	          $2.6550	          $2.6200	          $2.6380	-    .1427	          25,000	Texas Eastern - West LA
    Transco 65	          $2.8000	          $2.6700	          $2.7126	-    .1492	         146,200	Transco - Station 65
    Trunkline ELA	          $2.7800	          $2.6200	          $2.6690	-    .1415	          61,500	Trunkline Gas Company - East Louisiana Pool
    TxGas SL	          $2.7800	          $2.6400	          $2.6932	-    .1285	          78,500	Texas Gas Transmission Corp.-Zone SL FT Pool
 MIDCONTINENT
    MichCon, citygate	          $2.9400	          $2.7700	          $2.8513	-    .1218	          77,100	Michigan Consolidated
    NGPL Midcont	          $2.6350	          $2.5600	          $2.6062	-    .1218	         168,200	Natural Gas Pipeline Co. of America, Mid-Continent Pool
    NGPL Nicor, citygate	          $2.8750	          $2.6800	          $2.7800	-    .1206	         562,200	Natural Gas Pipeline Co. of America, Nicor Citygate
    NGPL NIPSCO, citygate	          $2.8100	          $2.7300	          $2.7520	-    .1649	          22,000	Natural Gas Pipeline Co. of America, Nipsco Citygate
    NNG Demarcation	          $2.7850	          $2.7000	          $2.7465	-    .1283	         274,500	Northern Natural Gas, Demarcation Pool
 NORTHEAST
    Columbia TCO	          $2.9300	          $2.8000	          $2.8488	-    .1014	         921,000	Columbia Gas Co. - TCO Pool
    Dominion So.Point	          $2.9250	          $2.8300	          $2.8973	-    .0778	         165,000	Dominion - South Point
    TETCO M3	          $3.2000	          $2.8600	          $2.9158	-    .1570	         198,400	Texas Eastern - M3 Zone
    Transco Z-6 (NY)	          $3.3000	          $2.8600	          $2.9308	-    .1375	         160,100	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
 WEST
    El Paso non-Bondad	          $2.5300	          $2.4700	          $2.4991	-    .1872	         162,000	El Paso - San Juan Basin, Blanco Pool
    Huntingdon/Sumas	          $2.5700	          $2.5300	          $2.5522	-    .2205	         133,000	Westcoast Energy & Northwest Pipeline Corp.
    Opal	          $2.4600	          $2.3300	          $2.3872	-    .1974	         115,000	Opal
    PG?Citygate	          $2.8800	          $2.7000	          $2.8207	-    .1706	         227,000	PG?- Citygate
    SoCal Border	          $2.7100	          $2.6600	          $2.6935	-    .1979	         156,000	Southern California Border Points (Ehrenberg,Topock,Needles)
 WEST TEXAS
    El Paso - Keystone	          $2.5500	          $2.5200	          $2.5326	-    .1986	         192,000	El Paso - Keystone Pool
    Waha	          $2.6000	          $2.5600	          $2.5787	-    .1791	         133,600	Waha Hub - West Texas

                                                                                Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
                                                                                IntercontinentalExchange is the world's most liquid trading platform for over-the-counter energy and metals.  Active markets include North American power and natural gas, global crude and refined oil products, and precious metals.  Traded instruments include forwards, swaps, and options.
In order to receive the proprietary information contained in this email, you acknowledge and agree that you shall not further disseminate the IntercontinentalExchange Market Data contained herein to any person or entity without the express written consent of IntercontinentalExchange.    Furthermore, you acknowledge that (1) IntercontinentalExchange has exclusive and valuable property rights in this data; (2) IntercontinentalExchange's data is being made available to you only for your own business or personal activities; and (3) you cannot communicate the data, in any form, to any other person or entity without the express written consent of IntercontinentalExchange.
This data is provided to you free of charge.  IntercontinentalExchange reserves the right to cancel this service at any time for any reason or no reason at all.
You agree that IntercontinentalExchange does not make any representations or warranties, express or implied, with respect to the data.
To become an Exchange Participant or inquire about the indices, please contact sales@intcx.com.
To unsubscribe from this service, click here unsubscribe.
                                                                                ?Copyright IntercontinentalExchange, Inc. 2001, All Rights Reserved.


25 October 2001

To: John Schelk, Enron

From: Enron Community Forum

Request (25 October):

1. The Barton discussion draft says that FERC's hands would be tied and that
they would have to approve a proposed RTO, as to size and scope, if the
proposed RTO owns or has operational control over transmission facilities
that serve at least 40,000 MW of load. Southern's CEO testified in Congress
recently that their load is over 35,000.  I assume the 40,000 MW minimum
would permit the SeTrans proposal to meet the proposed statutory minimum
since it is Southern plus a few munis, as I understand it.  Is this correct?

2. Who would know how many RTOs there would be if each were
just over the 40,000 MW minimum?

Response:

The load served by the transmission facilities in the proposed SeTrans
exceeds 40,000 Mw on a peak basis.  Specifically, the peak loads in Mw
recorded for 2000 by the members of SeTrans are:

Southern Co.		 31,702
Ala. Electric Coop.	   1,756
Ga. Trans. Corp              7,052
MEAG			   1,300 (est.)
City of Dalton                   NA
City of Tallahassee           550
South Mississippi           1,206 (2001 est.)
Jacksonville EA             2,614
Santee Cooper                3,600

Total			 50,230

2. Other conceivable RTOs above the 40,000 Mw threshold: 13.

Based on existing control areas or regional markets, and coincidence of
across those areas, a rough grouping of smaller RTOs can be envisioned with
transmission facilities capable of serving load in the range specified in
Rep. Barton's draft.  Peak load was used as a proxy for capacity of
transmission facilities. Intellbridge projects that based on the Barton
draft, a total of 14 RTOs - SeTrans and 13 others -- could be created.

However, the creation of hypothetical RTOs serving 40,000 Mw of load may
result in artificial groupings that would not be validated by commercial
arrangements. Existing transmission interties and supply contracts
necessitate the recognition of a new set of likely RTOs that are based in
part on current arrangements. Groupings with loads of between 40,000 Mw and
50,000 Mw seemed more likely to result.

 It also appears highly unlikely that the PJM Interconnect, now with a load
exceeding 50,000, would be subject to change. Two utilities in Pennsylvania
tied to but not part of PJM were added to form a Mid-Atlantic RTO.

Based on existing control areas or regional markets, and coincidence of
across those areas, a rough grouping of smaller RTOs can be envisioned with
transmission facilities capable of serving load in the range specified in
Rep. Barton's draft.  Peak load was used as a proxy for capacity of
transmission facilities.

Northeast Power Coordinating Council
ISO New England and NYISO, the U.S. Control Areas within the Northeast Power
Coordinating Council (NPCC), had a coincident summer peak of just fewer than
50,000.  ISO New England itself peaked at 21,919 MW, and NYISO at 28,138 MW.

Florida Reliability Coordinating Council
The FRCC's all time summer peak was 38,730 Mw, near the 40,000 Mw threshold.
Power is frequently exported north from the state when peaks in the Southern
Co. control area are not coincident with those in Florida.  NERC forecast
FRCC's 2001 summer internal peak demand to be 38,478 Mw.

Southwest Power Pool
The Southwest Power Pool (SPP), which had at one point discussed the
possibility of forming its own RTO rather than merging with Midwest ISO,
fits neatly into the 40,000 MW range specified in Rep. Barton's draft.  SPP
experienced peak demand of 40,101 MW during summer 2000.

Western States: Three RTOs
The Western Systems Coordinating Council reported peak demand for 2000 of
130,892 MW.  Three smaller RTOs could likely be carved out of the WSCC.

	*	Northwest Power Pool (NWPP): Net internal demand for the
Northwest Power Pool reported an annual peak of 57,107 MW during winter
2000-2001.  Without Canadian demand (with a winter peak of roughly 17,607
MW) the Northwest Power Pool would fall near the 40,000 MW threshold
specified by Barton's draft.

	*	California: The California system experienced a year 2000
peak demand of 51,213 MW during the summer.  Subtracting Mexican demand puts
the figure at just under 50,000 MW.

	*	Arizona, New Mexico, Southern Nevada (AZ/NM/SNV) and Rocky
Mountain Power Area (RMPA): The remaining reliability areas would not, on
their own, meet Barton's 40,000 MW threshold.  AZNM-SNV served only 21,724
MW at its summer 2000 peak, and RMPA, which can vacillates between having a
winter and summer peak, served 7,640 MW during summer 2000.  According to
the WSCC forecasts, the two regions could see a peak demand near 40,000 by
2010.

An alternative (though less likely) configuration could involve a
combination of Southern California with AZNM-SNV and RMPA, leaving Northern
California with NWPP.

Mid-Continent Area Power Pool (MAPP) and Mid-American Interconnected Network
(MAIN): Separate RTOs, Few Changes
In the Mid-Continent Area Power Pool (MAPP), U.S. systems had a year 2000
summer peak of 26,308 MW.  Load from Canadian systems brings the peak up to
just over 30,000 MW.

The Mid-American Interconnected Network (MAIN) experienced a summer 2000
peak demand of 52,214 MW, which would put it above the 40,000 threshold.
Shifting Wisconsin's MAIN members -- Wisconsin Electric Power, Wisconsin
Public Power and Wisconsin Public Service --  into the MAPP area reduces put
peak load for both MAPP and MAIN to close to the Barton bill's 40,000 Mw
mark.  Those three utilities had a 1999 coincident peak of roughly 8500 Mw.

Southeast and Northeast Central States: Five RTOs
The degree which to the transmission system is tied together east of the
Mississippi River necessitates approximately five groupings for RTOs in
addition to the NPCC. These can best be described as the Virginia-Carolina
area (now known as the NERC subregion VACAR), the Mid-Atlantic region (now
PJM), a Tennessee-Kentucky RTO (the TVA area is now a NERC subregion) and
two groupings for the East Central Area Reliability Council, North ECAR and
Central ECAR.

To illustrate how complex it is to redraw boundaries when systems are
physically connected, the approximate load in Mw by utility of these
fictional groupings is listed below.  Other considerations may play a larger
role in the creation of RTOs.

 <<...OLE_Obj...>>              <<...OLE_Obj...>>

 <<...OLE_Obj...>>              <<...OLE_Obj...>>

 <<...OLE_Obj...>>

Sources:
FERC Form 714
Foster Electric Report
WSCC 2001 Information Summary
<http://www.wscc.com/files/2001_Information_Summary_2001.pdf>
WSCC Summer Assessment 2001 <http://www.wscc.com/files/wisrrptg.pdf>
MAPP Annual Report
<http://www.mapp.org/news/Annual_Reports/Annual_Reports/2000stats.pdf>
NERC 2001 Summer Assessment
<ftp://www.nerc.com/pub/sys/all_updl/docs/pubs/summer2001.pdf>
NYISO
ISO-NE
PJM

For more information, or to speak with an industry expert, please contact
Senior Vice President Kelley Kenyan at (202) 298-6300 x256, or
kkenyan@intellibridge.com

 <<101025 Size of RTOs.doc>>

 - 101025 Size of RTOs.doc


-----Original Message-----
From: 	Wright, Lee
Sent:	Thursday, October 18, 2001 4:37 PM
To:	Bodyshop
Subject:	Security Smart ID Tags-Off Property Usage

To remain consistent with Enron's directive to improve security access to the building, all Enron Body Shop members are required to check-in at the Body Shop Front Desk and present an Enron Photo ID badge or another form of Photo ID to the Security Officer each time you visit.  To assist our members who participate in outdoor activities during their visit, Security SMART ID tags are available at the Body Shop Front Desk for your convenience.  Simply slide the SMART ID tag through the shoe laces between an eyelet and snap the tag closed.

The SMART ID tags serve both as a safety identification tag while members are exercising off property as well as provide the security identification verification required when entering the Body Shop.  Each day you plan to exercise outside, present your Enron Photo ID Badge or another form of Photo ID to the Front Desk Receptionist to receive your temporary Security SMART ID.  Your Photo ID will be returned to you when you return the SMART ID tag to the Front Desk at the end of your visit.


Offer him the job.

Rob Bradley@ENRON
07/25/2000 12:40 PM

To: Steven J Kean/HOU/EES@EES
cc: Andrew Miles/HOU/EES@EES
Subject: Alhamd's Presentations

FYI--go to the Internet Strategy one for what you need.

I am pretty sure he will work out with me and Jeff--you can pull the trigger
and hire him with my concurrence if you feel comfortable enough.

- Rob

---------------------- Forwarded by Rob Bradley/Corp/Enron on 07/26/2000
12:33 AM ---------------------------
Alhamd Alkhayat @ ENRON_DEVELOPMENT   07/25/2000 12:25 PM

To: Rob Bradley@ENRON
cc:

Subject: Alhamd's Presentations

Rob,

I think the meeting with Steve went great.  He asked me to forward you some
presentations that I have made, and that you would pass them on to him.  They
are here in reverse chrono order.  Pass my regards and enjoy your vacation.

Cheers

Hamd


I would be more than happy to update the database with any comments you may
want me to add, don't ever feel bad, when I don't expect something I just
need to know what it's about.

I hope we can open the EOL Legal Database soon so you can update any comments
or notes directly into it.


Attached are drafts of the MidCon Interconnect Agreement for Deer Park and
Greens Bayou.  The agreements are written with the following key points.

1.  HPL will install both meter facility to mutally agreeable specifications.
2.  HPL will own and operate the Greens Bayou Point.
3.  MidCon will own and operate the Deer Park Point.
4.  All costs to install both interconnects will be shared 50/50 by the
Parties under a true up mechanism based on actual costs.
5.  Pressure committments by both Parties for 5 years, with failure to meet
such committments resulting in reimbursement by the failing Party of all
costs borne by the non-failing Party for that interconnect only at which the
pressure committment is not met.
6.  Each Party has a right to use at all times 50% of the then available
capacity at each interconnect, unless a Party fails to meet its pressure
committment.

Please review.


This is the last e-mail I received from Laura. Looks like she forgot the
attachment the first time.

---------------------- Forwarded by Kate Symes/PDX/ECT on 10/11/2000 08:37 AM
---------------------------

	From:  Laura Wente                           10/10/2000 06:08 PM

To: nancy.f.white@betzdearborn.com
cc: Kate Symes/PDX/ECT@ECT, Ed Clark/PDX/ECT@ECT, Mark Mullen/PDX/ECT@ECT,
Don Hammond/PDX/ECT@ECT, Jody Blackburn/PDX/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT

Subject: Confidentiality Agreement

Sorry Nancy. I sent this too quickly and left off the attachment the first
time.

Regards,
Laura

---------------------- Forwarded by Laura Wente/HOU/ECT on 10/10/2000 06:06
PM ---------------------------

	Enron North America Corp.

	From:  Laura Wente                           10/10/2000 05:50 PM

To: nancy.f.white@betzdearborn.com
cc: Kate Symes/PDX/ECT@ECT, Ed Clark/PDX/ECT@ECT, Mark Mullen/PDX/ECT@ECT,
Don Hammond/PDX/ECT@ECT, Jody Blackburn/PDX/ECT@ECT, Dale
Rasmussen/HOU/ECT@ECT
Subject: Confidentiality Agreement

Nancy,

I have attached a draft Confidentiality Agreement for your review. If it is
acceptable, please sign and fax a copy to me at 503-464-3740. We should be
able to begin work with a faxed document in place.

As we discussed, we need to analyze two sources of water for the project;
city water and the port's well water. Please overnight the containers for
collection of the water to me at:

Enron North America
121 SW Salmon, 3WTC 0306
Portland, OR 97204
(Tel.: 503-464-3830)

Ed Clark and I will collect the water samples Friday morning and overnight
them to you (Saturday delivery) to make sure that they are there first thing
Monday morning.

I was able to find a Well and Water Right Evaluation that was performed by
Robinson and Noble, Inc. If you could send your fax number to me and to Kate
Symes (ksymes@enron.com), we will fax you a copy for your review. I will also
work on getting you a conceptual design of the project for analysis of the
waste water flow.

Thank you in advance for your assistance and speedy response. I realize that
we are targeting an aggressive date (the morning of October 23) for the work
to be completed.

Sincerely,
Laura Wente
503-464-3830


----- Forwarded by Tana Jones/HOU/ECT on 10/26/2000 04:22 PM -----

	Bradley Diebner
	10/26/2000 04:12 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 10/26/00

The EOL approvals for 10/26/00 are attached below.

Regards,
bd


-----Original Message-----
From: Mark S Corley [mailto:mcorley@basspet.com]
Sent: Wednesday, March 20, 2002 11:34 AM
To: Lokay, Michelle
Cc: RHenk@barbnet.com
Subject: Contract #27600 (Bass/TW)

Bass hereby requests that the MAXDTQ volume on the proposed amendment dated
3/13/02 on the subject contract be changed from 2,500 Dth to 2,200 Dth.

Mark Corley
Manager - Gas Marketing


-----Original Message-----
From:  Enron Announcements/Corp/Enron@ENRON
[mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On
Behalf Of iBuyit@ENRON
Sent: Wednesday, April 11, 2001 12:42 AM
To: All Enron Employees United States@ENRON
Subject: Reply Requested: Do You Code Or Approve Invoices?

Do you code or approve invoices for goods and services that are processed by
the Houston-based Accounts Payable center?
If yes, please read and respond to this e-mail.

 << OLE Object: Picture (Metafile) >>

On May 1st, iBuyit Payables will be activated for all organizations supported
by the Houston-based Accounts Payable processing center (for example,
invoices submitted via AP drop box to 600 Jefferson, Houston).  If you code
or approve these invoices, the iBuyit Payables project team has important
information to share with you about the iBuyit Payables system, training, and
the May 1st transition to the new system.

To identify yourself as a future iBuyit Payables Coder or Approver, please
respond to this e-mail upon receipt with the following information:
*  Full Name (First, Middle, Last) [Sheila Knudsen]    Sheila Ann Knudsen
*  E-mail address [Sheila Knudsen]    sheila.knudsen@enron.com
*  Business unit (For example, Corporate, ETS, EWS, EES, or EBS) [Sheila
Knudsen]    EWS
*  Do you code invoices? (Yes/No) [Sheila Knudsen]   Yes
*  Do you approve invoices? (Yes/No) [Sheila Knudsen]    Yes
*  Are you a remote user? For example, do you dialup to access the Enron
network? (Yes/No) [Sheila Knudsen]    No

This will ensure that you receive important iBuyit Payables information.
Thank you for your response!

Attached is important iBuyit Payables training information:

 << File: iBuyit Payables Training Information.doc >>


Sean - is this anything we need to follow up on?
----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:26 PM -----

	Sherri Sera
	02/28/2001 01:58 PM

		 To: Mark Frevert/NA/Enron, Steven J Kean/NA/Enron@Enron
		 cc: Nicki Daw/NA/Enron, Maureen McVicker/NA/Enron@Enron
		 Subject: Nigeria Contract support

Mark and Steve, sorry to bother you with this, but I'm at a loss.  This guy
(Jim Cofield) called me on my cell phone last night about 7:00 p.m. to get my
e-mail address.  He asked that I take a look at his e-mail in the morning and
route it to the appropriate person within Enron.

The ".jpg" files below have no information in them, but the ".doc" file is a
14 page document with numerous correspondence from Mary Beth Cahill, former
director in the White House Office for Public Liaison, to Mr. Cofield
regarding a trip to Nigeria that he supposedly accompanied President Clinton
on several months ago; followed by a number of "proprietary information
documents" that mean absolutely nothing to me; followed by an overview of
Nigeria's electrical power situation; etc....The best I can tell, they are
trying to get Enron to bid on some project in Nigeria.

Since this e-mail is copied to the Vice President of the United States in
addition to several ambassadors, I thought it might need attention.  If you
can figure it out, please let me know how to proceed.  Thanks, SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 02/28/2001
01:44 PM ---------------------------

"Jim Cofield" <jcofield@home.com> on 02/27/2001 07:06:11 PM
To: "Sherri Sera" <sherri.sera@enron.com>
cc: "Richard Cheney" <vice.president@whitehouse.gov>, "Ambassador Dele Cole"
<bedeos2000@yahoo.com>, "Ambassador Jibril Aminu" <bedeos2000@yahoo.com>,
"Ambassador Li Zhaoxing" <webmaster@china-embassy.org>

Subject: Nigeria Contract support

[IMAGE]

?

?

Jim E. Cofield

World Headquarters

Cofield Building

1016-22nd Street, Suite 200-500

Newport News, VA 23607-5316???????

Telephone? 757 223-0843

Fax: 757 223-0844

jcofield@home.com (email)

WebSite: http://cofield.my.treeway.com

"Making the World a Safer Place"

It is always an Honor to Serve and Support

?

?
 - image001.jpg
 - image002.jpg
 - image001.jpg
 - image002.jpg
 - Nigeria-Best8.doc


Steve, et al  --

RAC is finishing up its activities on the Quebecor transaction.  Quebecor is
the reformulated World Color Press deal from a few years ago.

We are still trying to understand which utilities are key for the Quebecor
deal.  The positions are very dispersed.  Many of the positions are behind
munis and coops.  It is my understanding that the contract will supply 1.4MM
Mwh / year across the country at about 100 sites.

Rather than trying to identify a specific $$ amount of Profit at Risk due to
Regulatory Risk (which requires specific knowledge of rate curves and
positions), I am recommending that RAC highlight to Mgmt the impact from a
$1/Mwh increase in T&D rates across the board.  This equals a $9.3 MM loss
for EES (@ PV8). [This will not be a reduction to the overall NPV value -
just a comment in the Risk Description].

As a point of reference, a $1/Mwh increase is about a 2.9% increase in T&D
and a 1.2% increase in Total Rate (assume $35/Mwh for T&D with a total bill
of $80/Mwh for Commercial customers).  In general, the probability of all
sites having a 2.9% increase in T&D rates is rather low.

Finally, Scott Stoness is pulling the Top 5 Utilities by position for the
Quebecor deal so that we can perform additional analysis on critical rate
curves.  If this highlights any additional problems, we will include in the
DASH.

JDS


Mark:  Thanks for the info.  I had a great time at the football game!  I
think you will like Dubai.  It has some great restaurants.

Regards,

Mark

	Mark Evans
	02/02/2001 09:54 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Monday's LEGAL COMMITTEE meeting

Mark,

I will be out of the office on Monday, so I have asked Jon to chair the call
from the London end.

I was interested to read in the press that we are considering a new LNG
import terminal in the Bahamas connected by pipeline to Florida!

Hope all is well.

     Mark


Here it is