Contact Steve Walton

	Eric Hirst <Eric@EHirst.com>
	11/10/2000 10:03 AM

		 To: Skean@enron.com (Steve Kean)
		 cc:
		 Subject: Outline for Project on Real-Time Markets

Dear Steve,

Once again, I call on you for advice. Who, within Enron, should I talk with
about a new project I am working on, related to real-time balancing
operations and markets (all the messy stuff that causes so many problems
within all the existing ISOs)?

Here is the outline for the project. Can you send me your suggestions on
revising the outline, other people at Enron (and elsewhere) to contact
related to these markets, and written materials on how the various ISO
markets operate.

Thanks.

Eric
----------------
ISSUES TO DISCUSS FOR PROJECT ON:
REAL-TIME BALANCING OPERATIONS AND MARKETS
November 6, 2000

1. Introduction: Importance of real-time operations and markets
Essential for reliability, especially security
Basis for all forward contracts (hour- and day-ahead, block monthlies,
bilaterals)
Real-time prices motivate generation-capacity decisions: new construction,
repowering, retirements
Ensure equitable treatment for &new8 intermittent and distributed resources
2. Physical Requirements and Operations
Balance generation to load in near-real time (intrahour)
Normal conditions (frequency response, CPS1, CPS2)
Contingency conditions (DCS)
In neither case is it necessary for generation to exactly balance load over
short time periods (e.g., 10 minutes), but must balance energy over longer
intervals
Benefits of aggregation
Performance and characteristics of individual generation and load resources:
random fluctuations, energy level, ramp rate, acceleration rate, startup
time, minimum run time, block loading, energy-limited characteristics of
hydro units, etc
Control-area balance vs individual-schedule balance, good vs bad inadvertent
interchange
NERC and FERC requirements
3. Operations with Vertically Integrated Utilities
Unit commitment
Economic dispatch
Regulation
Contingency reserves
Control area forecasts of loads and resources, effects of forecasts on unit
commitment and dispatch
Treatment of (payments and penalties for) energy imbalance and inadvertent
interchange
4. RTO Operations and Markets
Generation not owned by RTO, RTO must purchase outputs from generation and
load resources
Relationship between real-time operations and markets, how are resources
dispatched (and by whom) and how are they compensated
Time interval (1, 5, 10, or 15 minutes) for dispatch and price setting; what
are the tradeoffs in choosing among these intervals
Single market-clearing price in each interval vs pay-as-bid for each resource
Pay for energy only or pay also for maneuverability (e.g., ramp and
acceleration rates); how do resource constraints determine which resources
are permitted to set the market-clearing price and which aren't, and why?
Set prices ex ante or ex post? If prices set ex ante, what is the basis for
the value?
Should unit commitment (resource scheduling) be done by individual suppliers,
by RTO, or both?
Relationship between real-time markets and ICAP and RMR requirements, and RTO
requirements to ICAP and RMR units to bid resources into real-time market
Treatment of exports and imports, rules governing interchange scheduling
(number of schedule changes per hour permitted, ramp rates for schedule
changes)
To what extent does the RTO make short-term forecasts of load and generation,
how far into the future (10 minutes to 24 hours), how does the RTO use these
forecasts? Should the RTO commit and dispatch resources on the basis of
expected future conditions (i.e., beyond the current and next interval)? Who
pays for these RTO decisions?
Should RTO publish prices and let demand and supply respond to the price
signal, or should RTO dispatch resources up and down based on supplier bids?
If the RTO explicitly dispatches resources, should uninstructed deviations be
treated differently, in terms of payment or penalties, from instructed
deviations? What about a resource,s failure to follow instructions?
Under what circumstances should RTO go &out-of-market8 for resources? What
should set the price of (payment to) these resources?
Under what conditions, if any, are penalties appropriate, for what kinds of
behavior, what determines the magnitude of the penalty? Should penalties
apply to generation only or to loads also?
How, if at all, should capacity assigned to ancillary services (especially
the reserve services) be incorporated into real-time operations and markets?
For example, should the capacity assigned to contingency reserves be set
aside and used only when a major outage occurs? Or should such reserves be
used routinely whenever it is economic to do so, as long as sufficient
capacity is available to meet the NERC reserve requirements?
How should intermittent resources (e.g., wind) be treated in real-time
operations and markets? Should they be treated any differently from a large,
volatile load?
Can retail loads participate in real-time markets? How?
5. Case Studies of U.S. ISOs
California
PJM, New York, and New England
ERCOT
 6. Conclusions and Recommendations
Key features of operations and markets
What works
What are the options
What problems still remain

----------------------------------------------
Eric Hirst
Consulting in Electric-Industry Restructuring
106 Capital Circle
Oak Ridge, TN 37830
865-482-5470 (phone & fax)    Eric@EHirst.com
http://www.EHirst.com/


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Judith Jamison, award-winning choreographer and Artistic Director of Alvin
Ailey American Dance Theater, merges dance, athleticism and art in a new work
to celebrate and honor a great American sports hero. The company will perform
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Dolores Dore Eccles Center for the Performing Arts.

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unsubscribe culturefinder-www


---------------------- Forwarded by Bert Meyers/PDX/ECT on 04/29/2001 08:49
AM ---------------------------

Kalman Gaizler <kgaizler@sempratrading.com> on 04/29/2001 08:17:45 AM
To: "'bert.meyers@enron.com'" <bert.meyers@enron.com>
cc:

Subject: Visit

Hi Bert,

I will be arriving in Portland on Thursday, May 17th at 10:30am and I will
be staying at the Westin Portland, 750 SW Alder St.. I would like to stop by
the Enron office on Thursday afternoon at about 2PM and meet the Enron crew.

I would appreciate your help in organizing an outing on Thursday evening.
The outing could be to your favorite restaurant or what-so-ever event that
may be nearby. I hope that you and many of your colleagues will be able to
join me on Thursday, May 17th as my guests.

Also, can you please e-mail me directions to your office.

Regards,

Ken Gaizler
SempraTrading RealTime Desk

****************************************************************************
This e-mail contains privileged attorney-client communications and/or
confidential information, and is only for the use by the intended recipient.
Receipt by an unintended recipient does not constitute a waiver of any
applicable privilege.

Reading, disclosure, discussion, dissemination, distribution or copying of
this information by anyone other than the intended recipient or his or her
employees or agents is strictly prohibited.  If you have received this
communication in error, please immediately notify us and delete the original
material from your computer.

Sempra Energy Trading Corp. (SET) is not the same company as SDG&E or
SoCalGas, the utilities owned by SET's parent company.  SET is not regulated
by the California Public Utilities Commission and you do not have to buy
SET's products and services to continue to receive quality regulated service
from the utilities.
****************************************************************************


more info
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/16/2000
11:49 AM ---------------------------

Rick Bergsieker@ENRON_DEVELOPMENT
10/15/2000 09:38 AM
To: Jeffrey A Shankman@ECT
cc: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, V V Rao/SIN/ECT@ECT,
Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Metgas Selldown

There ae meetings scheduled in Singapore starting early next week to disclose
key information to potential buyers of Metgas, including BP and presumably
other competitors.  Disclosures will include the terms of the Metgas Malaysia
Sales contract and will quickly get into our concept for EGM to sign a master
supply agreement with Metgas.

Have you talked with Baxter/Sanjay about this?  I still believe that selldown
of Metgas is a mistake that will cost Enron dearly down the road.

Rick


Imelda,

Please change the subregion code for all ANR ML5 deals from Market to
Midcon.  Also, the curve mapping needs to be changed as well.

 Intramonth IF-ANR/OK
 Mid Market IF-ANR/OK
 Gas Daily GDP-ANR/OK

If you have any questions, please call.  Also, will you please send me the
latest version of the Central curve mappings.  Thanks.

DG    3-9573


Dear Mr. Schrum,

I attended Sing! last night to watch and support my daughter perform with her
Tri Delta friends.  I enjoyed the performances of the various groups, which
were within the bounds of what I expected.  Unfortunately, I am not writing
to tell you how much I enjoyed it.

I'm writing  you to encourage the administration to not take lightly the
indecent exposure incident which occured in the second act.   The act was
beyond offensive, it was criminal, especially in light of the young children
present.  During the first act, I was sitting on the first row, and there
were 4 young children sitting in the front.  In fact,  at the end of the
first act I had regretted that I had not brought Paige's six year old brother
to watch her perform.  I cannot tell you how glad I am that I did not bring
Michael.   Even I was offended, and I'm a forty-two year old lawyer (we don't
offend easily) who was in a sorority at UT.  I was glad I had moved back at
intermission to sit with my daughter for the second act.

Again, I urge you to not view this as an act of youthful indiscretion. It was
offensive to the individuals present, and degrading to a fine university
which prides itself on "encouraging contributions toward the well-being of
humanity".  My husband, Neil, who was a Pike at SU in the seventies, joins me
in this request.

Thank you,

Kay Mann
29 Inverness Parkway
Houston, Texas 77055


The below is from Hunter Shively, Please Read.

Thanks,
Rain

---------------------- Forwarded by Hunter S Shively/HOU/ECT on 05/08/2000
03:09 PM ---------------------------

Richard Tomaski@ENRON
05/05/2000 08:59 AM
To: Hunter S Shively/HOU/ECT@ECT
cc:
Subject: Alliance Pipeline Info

Alliance presented this to PGL when they were here on Tuesday (its the firm
shippers primary deliver points).As an interesting note PGL interconnect will
allow 600, but their system can't handle it.  We're working with our Canadian
office to "buy" some of this alliance gas for PGL.  What we are looking at is
reducing your baseload sale and part of their DIQ and replacing it with
alliance gas.  We'll talk about it later.

---------------------- Forwarded by Richard Tomaski/Corp/Enron on 05/05/2000
08:51 AM ---------------------------

Barbara G Dillard
05/03/2000 10:45 AM
To: Richard Tomaski/Corp/Enron@Enron, Cary M Carrabine/Corp/Enron@Enron,
Steve Richman/Corp/Enron@ENRON, Russell E Murrell/Corp/Enron@Enron, Roy
Rodriguez/Corp/Enron@ENRON, Kevin P Radous/Corp/Enron@Enron
cc: Laura Luce/Corp/Enron@Enron
Subject: Alliance Pipeline Info

F.Y.I.

---------------------- Forwarded by Barbara G Dillard/Corp/Enron on
05/03/2000 10:39 AM ---------------------------

d.wear@pecorp.com on 05/03/2000 10:21:53 AM
To: Barbara G Dillard/HOU/ECT@ECT
cc:
Subject: Alliance Pipeline Info

Barbara,

I met with some people from Alliance Pipeline yesterday to discuss
nominations and confirmations.  Attached is a piece of information that
might be of interest to the daily group.  Could you route to the rest of the
group?

Thanks.

 <<Alliance Shipper Delivery Capacities>>

 - Alliance Shipper Delivery Capacities.doc


BRUTAL!

	Enron North America Corp.

	From:  Timothy Blanchard @ EES                           03/10/2000 04:48 PM

To: Brian Hoskins/HOU/ECT@ECT
cc: Matthew Lenhart/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Chad
Landry/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT
Subject: Vandy

Nice try, now we get to kick your other team's ass tomorrow.  Maybe you call
pull for Florida, I hear they're pretty good this year.


Dear all,

based on our Friday meeting this is the revised List of Outstanding Legal
Issues.

Regards,
Elena


---------------------- Forwarded by Ozzie Pagan/HOU/ECT on 08/25/99 10:42 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  debra_bolton@bakerbotts.com                           08/25/99 11:04 AM

To: Heather Kroll/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT
cc:
Subject: Electronic Version of Final Gas Purchase Agreement

     Attached is an electronic version of the final Gas Purchase Agreement
     between ECT and FPL.  As I explained to Ozzie, this version is for
     your own internal purposes only.  Due to past experience with
     different printers causing a difference in pagination in the document,
     this electronic version should not be printed out and used as a
     version of the Agreement.  Two copies of the "official" document are
     being sent to you via express mail and should arrive before 12:00 noon
     today.  This "official" document is the document that will be executed
     and should be distributed as the final agreement.  Nevertheless, I
     thought it might be helpful for you to also have the agreement in an
     electronic format.

     Please call if you have any questions.  We look forward to closing the
     deal, as, I expect, do you!

     Thanks.

     Debra

 - agree.doc


Paulette,

It's not Enron's intention to have Calp fund the OPT 60 payment. Enron
would like for Calp to release the capacity in Enron's name during the
winter period, and this would send the bills directly to Enron and
eliminate funding by Calp and reimbursement of Enron to Calp. We can look
at this again next winter. I'm not sure why there was a delayed payment
once Calp gave Enron the bill a month ago. I'll ask Mark Feldman about wire
transfers.

Thanks again for your patience.

pheuer@EdisonMission.Com on 03/23/2000 05:45:18 PM

To:   Joan.Veselack@enron.com
cc:   rbakke@EdisonMission.Com, Dick.Jenkins@enron.com,
      Robin.Barbe@enron.com, Chris.Germany@enron.com,
      Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
      Katherine.L.Kelly@enron.com

Subject:  Re: Calp Payments

Joan,

The deal with CES was that the invoice would be paid upon receipt.  It was
never
CALP's intent to fund the OPT 60 payment.  As requested, I will faxed
February's
bill to Robin.  Since the January payment is so late, could you have
January and
February's payments wire transferred to CALP's account?

Thanks!

Paulette

Joan.Veselack@enron.com on 03/23/2000 06:08:57 PM

To:   Roman Bakke/EME@EME, Paulette Heuer/EME@EME
cc:   Dick.Jenkins@enron.com, Robin.Barbe@enron.com,
Chris.Germany@enron.com,
      Mark.Feldman@enron.com, Victor.Lamadrid@enron.com,
      Katherine.L.Kelly@enron.com

Subject:  Calp Payments

Roman and Paulette,

Sorry for the delay. January's check will be sent out tomorrow, Friday
March 24th. As soon as Mark Feldman (Enron payment God) receives February's
bill, he can pay this one too.

Thank you for your patience during this transition.


Alas I've been caught.  I am working on a CRRA deal re fuel cells.

ckm

Kay Young@ECT
02/22/2001 08:49 AM
To: Kay Mann/Corp/Enron@Enron
cc: Peter del Vecchio/HOU/ECT@ECT

Subject: Re: CRRA

Kay :  Are you the reigning fuel cell person?  Might you know if there is any
interest in a project with Connecticut Resources Recovery Authority?  Have a
request for a c.a. for a new recycling project (pulp and paper I think)  with
them and have an existing agreement re fuel cells done  by Chris Gaffney last
spring.

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com

----- Forwarded by Kay Young/HOU/ECT on 02/22/2001 08:47 AM -----

	Kay Young
	02/22/2001 08:47 AM

		 To: Jay Boudreaux/Enron@EnronXGate
		 cc: Peter del Vecchio/HOU/ECT@ECT
		 Subject: Re: CRRA

I'll check with Peter.  Were you aware there is  an existing agreement re a
fuel cell project with CRRA?  Do you know of any continuing interest in that
project?  I'll check as well.  We may want to amend that one or terminate it
if that project is dead, to avoid any confusion.

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com

	Jay Boudreaux
	02/21/2001 06:34 PM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: CRRA

What is the status of the CA for CRRA?

JBB


At this time it appears that I will be going to NYC on Wednesday, returning
Friday afternoon or possibly Thursday night.  I'll miss the Turbopark closing
dinner, which is not all bad, as it will save me a lot of calories and a
headache.  I will miss getting the pat on the back.  I didn't want to miss
Michael's open house, though, as that was more important.

As you know, things are subjec to change.

Kay


Attached is the latest draft of the MEH Risk Management Policy.  Mary
Nordstrom, Kay Classen and I have went through it line by line, and we are
now at the point where we need one last (hopefully) review.  My goal is to
have both the Risk Management Policy and the Risk Procedures and Control
Guidelines in a form that we would execute by the end of day next Wednesday,
the 9th.  Judy is coming into the office on Thursday and I want to give them
both to her for her review at that time.  Therefore, I would like to have
your comments by the end of day Monday in order to have time to communicate
with Mary and Kay and prepare a clean product for Judy.  Let me know if there
is any problem with the schedule I have outlined.

As always - thanks for your assistance,

Gregg


---------------------- Forwarded by Roger Yang/SFO/EES on 11/15/2000 09:59 AM
---------------------------

	Enron Energy Services

	From:  Marianne Castano                           11/15/2000 09:14 AM

To: Roger Yang/SFO/EES@EES, Scott Stoness/HOU/EES@EES, Wanda
Curry/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Susan J Mara/SFO/EES@EES,
Mona L Petrochko/NA/Enron@Enron, Dennis Benevides/HOU/EES@EES, Richard
Shapiro/NA/Enron@Enron
cc: Mike D Smith/HOU/EES@EES, Melinda Winn/HOU/EES@EES
Subject: PG&E Petition to Modify

Please be advised that EES Legal is working with regulatory and litigation
counsel in California on a strategy to pursue in response to PG&E's
Petition.  Please do not contact PG&E or communicate any information
externally regarding this matter without first involving either Mike Smith or
me.

Thank you.

     Marianne

---------------------- Forwarded by Marianne Castano/HOU/EES on 11/15/2000
11:10 AM ---------------------------

Roger Yang
11/15/2000 10:45 AM
To: Scott Stoness/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Marianne
Castano/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Dennis
Benevides/HOU/EES@EES, Richard Shapiro/NA/Enron@Enron
cc:
Subject: PG&E Petition to Modify

In addressing PG&E's Petition to Modify, we may want to entertain the
following thoughts:

PG&E and SCE filed their cost recovery plans that implement the "top-down"
approach to calculating Direct Access charges implemented pursuant to
Decision No. 96-12-077;
PG&E and SCE entered into stipulations to remove the "direct access zero
minimum bill"; hence eliminating the cap on PX credits pursuant to Decision
No. 99-06-058;
Elimination of the PX cap is consistent with AB 1890 adoption of PU Code
368(b) which states, "The separation of the rate components required by this
subdivision shall be used to ensure that customers of the electrical
corporation who become eligible to purchase elctricity from supliers other
than the electrical corporation pay the same unbundled component charges,
other than energy, a bundled service customer pays.";
PG&E's Petition to Modify is burdensome and unnecessary because California
contract law governs the contractual relationship between ESPs and their
customers and there has been no evidentiary proof of customer complaints or
demonstration of unpaid costs from ESPs to utilities;
PG&E's Petition to Modify is a veiled attempt to access commercially
sensitive information which may be abused by the utilities;
PG&E's highlighting of this issue, may subject their shareholders at risk for
the decisions made by the utility to enter into the stipulation adopted in
Decision No. 99-06-058;
PG&E's questioning of the legality of the stipulation brings into question
the legality of all past settlements and stipulations, hence undermining
their position with respect to nuclear settlements; and
PG&E has demonstrated a track record of misleading the public through their
irresponsible claims in their GRC filings and customer meetings that there
will be post-freeze rate decreases above 30%, and in their "Rate Freeze End
Matrices" that the rate freeze can not end before January 1, 2001 and that as
prices increase the rate freeze will end at a later date.  This has
demonstrated that PG&E has covertly attempted to undermine Direct Access.

We should meet with PG&E, to strongly request that they withdraw their
Petition to Modification and remind them of these points.

Roger

---------------------- Forwarded by Roger Yang/SFO/EES on 11/15/2000 08:10 AM
---------------------------

Roger Yang
11/13/2000 06:45 PM
To: Scott Stoness/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Marianne
Castano/HOU/EES@EES
cc: Harry Kingerski/NA/Enron@Enron, Susan J Mara/NA/Enron@Enron, Mona L
Petrochko/NA/Enron@Enron, Dennis Benevides/HOU/EES@EES
Subject: PG&E Petition to Modify

PG&E filed a Petition for Modification of the CPUC decision (D.97-10-087)
adopting a settlement to eliminate the cap on PX credits and allow for PX
credits that results in payments to Direct Access customers and their ESPs.
PG&E is requesting that the CPUC add "clarifying language" to their previous
decision that states the following:

"PG&E will pay the ESP for accumulated negative charges or credits owing to
the customer if the ESP provides PG&E documentation showing that either (1)
the ESP is flowing through to the customer the negative charges or credits
owing to the customer or (2) the customer has assigned to the ESP the right
to receive the negative charges or credits owing to the customer."

In its Petition for Modification, PG&E has the nerve to state, "While it is
not clear whether this result was intended or is even lawful, to the extent
that PG&E owes these credits, as discussed below the credits belong to direct
access customers and not to their ESPs.  PG&E cites as the reason for this
filing is that they are interested in protecting against the risk that ESPs
are acting fraudulent with their customers.  However, the real reason PG&E is
raising this issue is to highlight the issue within the context of current
discussions regarding their request to end their rate freeze.  PG&E even
recognizes that this issue should be resolved with market participants in
working groups, but wanted to bring the issue to the attention of the CPUC.

Roger

---------------------- Forwarded by Roger Yang/SFO/EES on 11/13/2000 06:24 PM
---------------------------

Mona L Petrochko@ENRON
11/13/2000 12:57 PM
To: Roger Yang, Dennis Benevides/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron
cc: Susan J Mara/NA/Enron@Enron
Subject: PG&E Petition to Modify

PG&E filed a Pet Mod on the decision which directed them to pass on a PX
credit to ESPs even if it is in excess of the frozen rate.  PG&E is asking
that the credit in excess of frozen rates be conditioned upon a showing by
the ESPs that the customer is receiving the credit.

Legal is aware and is likely to be arranging a conference call on this
shortly.


----- Original Message -----
From: <diana.hollier@tpc-corp.com>
To: <jons@amerexenergy.com>
Sent: Tuesday, November 28, 2000 1:32 PM
Subject: FW: (no subject)

>
>
> -----Original Message-----
> From: Jeff Young [mailto:riskadvisors@yahoo.com]
> Sent: Tuesday, November 28, 2000 8:51 AM
> To: Scott E. Thompson; Debby Young; Tom Pisula; Jim Lindsay; Kathryn A
> Henline; Rob Derrick; Grant Farris; John Fioriello; 'Billy'; 'Di'; Rob
> Baker (E-mail); Daniel R Olson
> Subject: Fwd: (no subject)
>
>
>
> --- Yortex@aol.com wrote:
> > From: Yortex@aol.com
> > Date: Mon, 27 Nov 2000 17:56:57 EST
> > Subject: (no subject)
> > To: djs37@earthlink.net, riskadvisors@yahoo.com, Jentudor@aol.com,
> >         CLAFFEE1@aol.com, Cassandra_Louise@hotmail.com
> >
> > POSSIBLY THE VERY BEST CHICKEN JOKE EVER
> >
> >  A chicken and an egg are lying in bed. The chicken is leaning against
> > the
> > headboard smoking a cigarette, with a satisfied smile on its face.  The
> > egg, looking a bit pissed off, grabs the sheet, rolls over, and says
> > "Well,
> > I guess we finally answered THAT question." >>
>
>
> =====
> Jeff Young
> Risk Advisors, LLC
> 713-503-1963
>
> __________________________________________________
> Do You Yahoo!?
> Yahoo! Shopping - Thousands of Stores. Millions of Products.
> http://shopping.yahoo.com/


TTotten@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 00:00, 04:00 - 06:00, 09:00, 13:00,
15:00, 16:00, 19:00, 20:00, and 23:00 in the April 19, 2001 Real-Time
Market as well as the following hours per ECA20001006B to verify prices:

PJM: 02:00, 06:00
HQ:  04:00, 06:00
OH:  06:00
NE:  00:00, 06:00

Prices in the April 20, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be found
at
the following address on our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


Thought you might like to see this!
---------------------- Forwarded by Andrea Ring/HOU/ECT on 10/20/2000 12:39
PM ---------------------------

	From:  Jared Kaiser                           10/17/2000 03:10 PM

To: John Craig Taylor/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT, Susan W
Pereira/HOU/ECT@ECT
cc:
Subject: Fw: cat clip............

---------------------- Forwarded by Jared Kaiser/HOU/ECT on 10/17/2000 03:10
PM ---------------------------

"David Kaiser" <davidk@spawglass.com> on 10/17/2000 08:21:23 AM
To: "Jared @ Enron" <jkaiser@enron.com>
cc:
Subject: Fw: cat clip............

----- Original Message -----
From: Heidi Jo Warnick <hwarnick@spawglass.com>
To: David Kaiser <Davidk@spawglass.com>
Sent: Friday, October 13, 2000 2:28 PM
Subject: cat clip............

> Just  a thought to cheer you up after hauling around all those plans.
>
> Heidi Jo Warnick
> Estimating Secretary
> SpawGlass Contractors, Inc.
>

 - SCCat.MPG


Wow.  Pretty interesting info.  I'm trying to think of a "plan B" approach,
but without ENA (and their turbines) I'm haviang a hard time coming up with
one.  Steve, I'll talk to you in Tucson on this.  Thanks.  DF

Steven Harris
04/25/2000 09:19 AM
To: Kevin Hyatt/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON
cc:

Subject: Pueblo

 I spoke to Frank Vickers who is responsible for ENA's power generation
projects for the Western half of the United States. We discussed the
opportunities for a generation project in the Albuquerque region and he
offered the following observations.

 First, he indicated ENA has evaluated numerous projects in that area
including participation in the Cobisa project. They always come to the same
conclusion which is that the project economics become non-workable due power
grid constraints and the inability to negotiate a long-term wheeling
arrangement with PNM. He felt like the only reason Cobisa could go forward
was due to PNM being the purchaser of power from the project.

 We talked about lower the delivered cost of gas to the facility through a
"zero return" pipeline but in the end what the generation facility would have
to compete with is power from and around Palo Verde. He is very familiar with
the ENA model (in fact he could calculate various electric costs immediately
just based on some parameters I mentioned to him over the phone). In the end,
he felt like ENA would not want to participate because the risk of having to
sell the excess power at a competitive rate was just too great given the cost
to get it to a market.

 We will continue to give the Pueblo project a final look by talking to
Plains and Four Corners but without the baseload generation the pipeline
prospects look pretty dismal.


So did I.  Ever since he left Wilshire, 1 year ago, whenever we talk he
tells me how much he could really use me down there and how I could make a
lot of money working for him.  (You remember.) But when we talked seriously
yesterday afternoon, he said that was when he was going to start outsourcing
and doing REO's.  But they couldn't get the staff to handle it so they
decided not to.  They are in the process of talking about it again, and if
they do decide to go in that direction, they will deffinately need me.
Whatever, it sounded like he was just talking out of his ass.  But I do
believe he could help me out, should I decide to make the move.

-----Original Message-----
From: Mark.Guzman@enron.com [mailto:Mark.Guzman@enron.com]
Sent: Tuesday, November 07, 2000 1:24 PM
To: Katie.Trullinger@wfsg.com
Subject: RE: FW: What's up?

So, i have a question.  If Danny has been constantly asking you to come
work for him how come he is now trying to get you a job somewhere else?  I
thought he wanted you to work for him?


Thanks, Steve. That helps clear things up enormously (at least in my little
mind).

Best,
Jeff

	Steve Walton@ECT
	02/28/2001 09:27 PM

		 To: Jeff Dasovich/Na/Enron@ENRON
		 cc: Alan Comnes/PDX/ECT@ECT, James D Steffes/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT,
Richard Shapiro/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON
		 Subject: Re: Cost of Protectionism

Jeff,
 In order for California to "shut its doors" it must open its
interconnections with the rest of the west and become a Texas-like electrical
island.  This they cannot do.  California has a substantial investment in
units located in Nevada, Arizona, New Mexico and Utah.  The lights would go
out in California if they opened the ties.  In the 1970's there was a hue and
cry over loop flow, with California claiming that it was being injured by
others, particularly by the interior systems trading practices, however they
never considered opening the ties, because the benefits of interconnection
were so large that the "cost" of loop flow was far exceeded by the value of
regional trade, i.e., they are economically interdependent.

 If such a foolish thing were done and California full "closed its doors" by
opening its ties, cost would go up in the Northwest, in California and all
the rest of the Western System.  There are "gains for trade" which accrue to
all parties from interconnection.  The trade is more complicated than just
summer/winter peaks (seasonal load diversity) there is also seasonal resource
diversity (Spring run off effects) and finally there opportunity to
capitalize on storage vs base load thermal operations.  I will address the
last point first to illustrate the complexity of the trading patterns.

 The interior west (Montana, Wyoming, Utah, Arizona and New Mexico) has large
amount of base load coal plants.  As load drops off in those areas, the
energy flows to the coast to back off peaking plants and to back off hydro.
The reduction of hydro production allows night time reservoir refill which
can be used to meet peak load in the Northwest and California.  This can be
seen in the attached file, which contains a set of plots for hourly flow on
the Pacific DC Intertie Jun97, Dec 97, Jun 98, Dec 98, Jun 99, Dec 99,
Jun00.  In these plots the clear day/night exchange of energy can be seen,
especially in the Jun00 plot when sales are being made to California in the
day and to the Northwest at night.  This day to night storage exchange
benefits lowers costs for everyone.

 On top of this daily/weekly cycle, there is the seasonal shift in load
diversity you noted.  For the Northwest, its peak load occurs when energy
production is the lowest -- during the winter.  As a stand alone system, the
Pacific Northwest (i.e., the Columbia Drainage area) is energy constrained.
The hydro in that area does not produce enough energy to meet annual needs.
There is plenty of generating capacity to meet any peak, but not enough to
total water flow.  Energy imports from Wyoming and Montana (e.g. Colstrip and
Bridger) are required to allow the Pacific Northwest to meet its annual
energy requirement.  With these energy inputs from the coal fields, the
seasonal water budget can be arranged to get the most value out of the hydro
system, although fish, navigation, irrigation, etc. impose an increasing
number of constraints.  Energy imports from in the winter from the South help
to meet this energy balance during the winter so water can be reserved until
the snow pack is better know in early Spring.  Some of the sales to the
Northwest from California during the winter are a result of displacement from
Desert Southwest energy moving through California and then up the Interties
to the Northwest.

 Finally, the Spring run off/fish flush when production on the river is at a
maximum and load in the Northwest is down.  The sale of these surpluses paid
for the Pacific Intertie lines and remain important to the entire system.
Much system maintenance of base load units has been historically been planned
to take advantage of this factor.  Again both California and the Northwest
benefit from this trade.

 In all cases, the parties would be worse off if the ties were open and
everyone was on their own.  The Northwest may be capacity long, but it is
typically energy short, even in flush hydro years.  The winter energy imports
from the South hold Northwest costs down just as spring run off sales to the
South lower energy costs in California.  California cannot craft a solo
solution that ignores the rest of the West.  It is probably hard to decide
who would be worst off if California "closed its doors".  It is only clear
that total cost would rise in both California and the rest of the West from
which it divorced itself.

 I hope this rambling response comes at the question you raise.

Steve

	Jeff Dasovich@ENRON
	Sent by: Jeff Dasovich@ENRON
	02/28/2001 11:35 AM

		 To: James D Steffes/NA/Enron@Enron
		 cc: Alan Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Steve
Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON, Richard
Shapiro/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT
		 Subject: Re: Cost of Protectionism

To Jim's last point.  I understand that the good 'ol utility system was often
operated with little regard for basic economic principles, but there's
something in this that seems very odd and difficult to assess, and it seems
to always be tied to this notion that "California is a net importer, even in
the winter."  I'm going to start with the economics and then let folks
describe why it seemingly doesn't apply in Western electricity markets.

Just about every theory of economics and trade would lead to one conclusion:
If California closes it's doors the other Western states will pay higher
prices for power and/or face increased threats to reliability.  I'm
struggling to try to determine why these basic principles aren't applicable
to Western power markets.  I understand that the PNW is a very complex place
and that the reasons could be embedded in the arcane structure that has
developed over the years.

To keep it simple (though not necessarily accurate), I've confined the
analysis to a world in which only the PNW and California exist.

The basic situation: The PNW peaks in the winter; California peaks in the
summer.

Let's take two scenarios:

1)  The West, less California, is so awash in electricity that even in its
peak--the Winter--it still has power to send to California, i.e., it has so
overbuilt it's system that it has persistent surpluses to sell to California.

Irrespective, there have (to my limited knowledge) always been sales from CA
to the PNW during the winter, when the PNW is peaking.
The only conclusion that one can make, assuming that the PNW is awash in
electricity, is that the PNW takes the power in California because it makes
economic sense to do so. That is, during the winter peaking months, it must
be cheaper on the margin for the PNW to buy from California rather than
produce itself.  Otherwise, it's difficult to understand why it would buy
from California during this month, particularly if they're long.  As such, at
a minimum, the PNW's electric bill will necessarily increase if California
closes its doors.

2) Neither the PNW , nor California, has indigenous capacity to meet peaking
load.  Therefore, the PNW must buy California's power during its peaking
summer period, and California must buy power during it's summer peaking
period.  In this case, not only will the PNW's bill go up if California
closes its doors, the lights are likely to go because they'll be short power.

I realize that this is a simplistic model, and that there could be other
legitimate economic factors driving the flows out of California to the PNW
(e.g., transmission costs).  And again, I also realize that economics may not
have traditionally been a driver in the industry.  But I thought it might be
useful to get a common framework in place as a starting point for the
question that Jim asks.

With that, I'll pose the question (understanding the simplicity of the model
set forth above):  Given that California sends power north--even if the PNW
is long---how can California closing it doors not increase the PNW's cost of
power?

Best,
Jeff

	James D Steffes
	02/28/2001 08:05 AM

		 To: Alan Comnes/PDX/ECT@ECT
		 cc: Jeff Dasovich/NA/Enron@Enron, Mary Hain/HOU/ECT@ECT, Steve
Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@Enron
		 Subject: Re: Cost of Protectionism

It seems to me that this information leads one to conclude that the value of
an open transmission network is that California does not have to build 5,000
MW of power plant (4,500 MW max input + 10%) in state.  In other words, if
California were to disconnect from the grid, someone would have to build
additional power plants in-state.

The cost to California consumers is therefore the annual carrying cost of 10
500 MW plants (made even more expensive after California expropriates the
current fleet of merchant generation).

From the perspective of the remainder of the West, the question still remains
- if California does go it alone, what is the economic impact?  Other than
legal arguments about Interstate Commerce, why should the Federal Government
want to continue to pursue open acess?  This is the hard question that we
need to answer.

Jim

	Alan Comnes@ECT
	02/27/2001 09:40 PM

		 To: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Susan J Mara/NA/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT
		 Subject: Cost of Protectionism

Jim, Jeff:

Jim asked me in a voice mail what would be the cost to California of moving
from the current (evolving) system of open access to a "protectionist"
environment where access to the grid would be determined by a political body
responding to populist pressures.

Here are some things to consider.  We can talk more and I welcome Sue Mara or
Steve Walton's input:

California is a net importer so any restraint of trade would risk the state
being able to meet its own demand.  See attached slides that show PNW-CA
trade.  Even in the winter, power on a net basis flows south.

Limiting open access would primarily act to hold in-state generators hostage.
 this will kill incentives for new investment

If the ISO's proposal for market power mitigation are any guide of where a
protectionist ISO would go:
 in-state generators would be required to sell forward or lose their market
based rate certificates
 load serving entities would be required to contract forward for load and a
reserve margin.
  This is costly: it will lead to centralized planning solutions to
reliability rather than more efficient market     outcomes
 Artifical notions of "just and reasonable" rates (on top of unreasonable
reserve requirements) would lead to severe   reliability problems.  (In other
words, if Steve Peace has his way, the imports into the state will drop
off     signficanly)

There is no reason the state would be more effective at expanding the grid
(e.g., Path 15) than the current system.  (Although, admittedly the current
system has flaws.  The CAISO was set up with little thought to transmission
expansion planning.  Other RTOs are not repeating this mistake.).


I guess it isn't as tough as EES, you're right.  I would hate to have to come
to work at 9:00 am and leave at 5:00 everyday.  I guess I just had this
opportunity fall in my lap because I never have added the kind of value that
you did while in risk or EES.  I guess that is why I got offered a promotion
to stay and you were sent packing to Enron Siberia.

P.S. Shanna has another skank friend coming in town this weekend, maybe you
can hook up!

To: Eric Bass/HOU/ECT@ECT
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co@ECT
Subject: Re: CWS

Hack it?  Not too tough to be a "yes" man and claim someone else's profits as
your own.  Besides, I hope you can handle the pressure of the trading floor a
bit better than pressure of the CFA.  Food poisoning?  C'mon.

P.S.  I hear Tom's on vacation soon.  You'd better flatten out.

Eric Bass@ECT
06/08/2000 01:32 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co@ECT
Subject: Re: CWS

It may not be rocket science, but not everyone can hack it.  Isn't that why
you left the wholesale side of the business?  Besides somebody has to take up
the slack for EES.  Let the me know when you need some earnings to cover your
loss for the quarter, I'm sure I can spare some out of my book!

To: Eric Bass/HOU/ECT@ECT
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co@ECT
Subject: Re: CWS

Remember, buys are 1/2 cent above Tom's buys and sells are 1/2 cent below.
Keep up the hard work.  It's definitely rocket science.

Eric Bass@ECT
06/08/2000 12:33 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, val.generes@ac.co
Subject: Re: CWS

I don't need to talk shit about the game.  I will let the Longhorns do the
talking for me on Saturday.

By the way,  you can probably see your reflection in that surfboard by now.

To: Eric Bass/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, val.generes@ac.com
cc:
Subject: CWS

Excerpt from Baseball America on 2000 CWS.

Bass, give it up.  You are done.

The Tigers wear the mantle of favorite well. They have won
                    nine straight games in postseason play, including the
Southeastern
                    Conference tournament. They are relatively healthy. They
have power
                    hitters, they have patient hitters, and they can field
better than recent
                    versions of the club. Best of all, they have a lot of
arms, and they have
                    Bertman around to use them.


----- Forwarded by Mark Taylor/HOU/ECT on 05/31/2000 11:30 AM -----

	"Stephen Kruft" <Stephen_Kruft@swissre.com>
	05/31/2000 10:52 AM

		 To: Mark.Taylor@enron.com
		 cc:
		 Subject: Re: BWT Transaction

This seems fine to me.  I have no other questions or comments.  There is a
small issue outstanding re. the Enron Re outside counsel opinion, which I
think LeBoeuf is handling with Bermuda counsel.

Regards

Steve

Mark.Taylor@enron.com on 05/31/2000 10:57:24 AM

To:   Stephen_Kruft@swissre.com
cc:   Lou.Stoler@enron.com
Subject:  Re: BWT Transaction

Thanks for your note.  In reply:

1.  We will change United Kingdom to England in the governing law section.

2.  and 3.  We did switch to the English law form and our form didn't
provide for using securities as collateral.  As you point out, it is likely
that SR will always be in the money and the CSA provides for an unlimited
Threshold for SR at all times so that it will never be providing collateral
under that document.   There are certainly other changes that could be made
to the document with that in mind but in the interest of time we didn't
make much of an effort on that score - our theory was that you wouldn't
mind too much since you would never have to post anything under this
document.

Please let me know if you have any other questions or comments.

Mark

                    "Stephen Kruft"
                    <Stephen_Kruft@sw        To:     mark.taylor@enron.com
                    issre.com>               cc:
                                             Subject:     BWT Transaction
                    05/31/2000 08:56
                    AM

I looked at the EFR-ENA Schedule in connection with Gordon Boozer's
comments.  I see no problems except:

1.  The document is expressed to be governed by the law of the"United
Kingdom."   I have never seen this formulation and think it should say
"England," as I believe there are in fact multiple legal systems (e.g.,
Scottish) within the U.K.

2.  I am not sure why all collateral except LCs was deleted.  Was this
agreed by EFR?  If so, OK.  If not, could the CSA provide for other
collateral as Gordon requested.  It is unusual for SR entities to use LCs
in non-reinsurance situations and would probably cost them less to post
Treasuries.  Here it is of course unlikely that EFR will have to post
anything, since EFR will always be in the money to some extent.

3. Did you switch to the English law form of CSA?

Regards

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Subject: Re: BWT Transaction
To: Stephen_Kruft@swissre.com
Cc: Lou.Stoler@enron.com
X-Mailer: Lotus Notes Release 5.0.3  March 21, 2000
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Further to our conversation, please see attachment regarding warranty and
netting.
Disregard the section on "Non-Warranted Gas" as this does not apply to our
negotiations.

Netting.  In the event that Buyer and Seller are each required to pay an
amount in the same Month hereunder, then such amounts with respect to each
Party may be aggregated and the Parties may discharge their obligations to
pay through netting, in which case the Party, if any, owing the greater
aggregate amount may pay to the other Party the difference between the
amounts owed.

Best regards,
Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


I think we are good to go.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/13/2000 11:02
AM ---------------------------

	From:  John M Singer @ ENRON                           03/13/2000 10:49 AM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: CES needs for March

We have WV produced TCo.  To my knowledge we have no Mountaineer.  CES never
wanted to buy Mountaineer production because of the daily balancing for both
the production and the end-user side.
John

Chris Germany@ECT
03/13/2000 10:14 AM
To: John M Singer/Corp/Enron@ENRON
cc: bperron@columbiaenergy.com, Scott Goodell/Corp/Enron@ENRON

Subject: Re: CES needs for March

Do we currently have any Mountaineer or West Virginia production?

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/13/2000 10:11
AM ---------------------------

	From:  John M Singer @ ENRON                           03/13/2000 09:51 AM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: CES needs for March

I have no contacts to buy from.  Mountaineer production is normally sold on
term deals.

Chris Germany@ECT
03/13/2000 09:36 AM
To: John M Singer/Corp/Enron@ENRON
cc: Scott Goodell/Corp/Enron@ENRON, bperron@columbiaenergy.com

Subject: CES needs for March

CES needs 17dts/day of Mountaineer gas for the rest of March.  The request
was made by Kim Novesak??

I will be out this afternoon.  Please call Brian Perrone (703-561-6486) or
Scott Goodell at 713-853-7711.

Thanks


Yes, that is it.
e

>From: "Parks, Joe" <Joe.Parks@ENRON.com>
>To: "Erik Wollam (E-mail)" <erwollam@hotmail.com>
>Subject: it this it?
>Date: Thu, 7 Mar 2002 14:42:52 -0600
>
>http://www.amazon.com/exec/obidos/ASIN/087980419X/qid=1015533712/sr=1-1/ref=sr_1_1/102-4518803-3737744
>
>
>
>
>
>**********************************************************************
>This e-mail is the property of Enron Corp. and/or its relevant affiliate
>and may contain confidential and privileged material for the sole use of
>the intended recipient (s). Any review, use, distribution or disclosure by
>others is strictly prohibited. If you are not the intended recipient (or
>authorized to receive for the recipient), please contact the sender or
>reply to Enron Corp. at enron.messaging.administration@enron.com and delete
>all copies of the message. This e-mail (and any attachments hereto) are not
>intended to be an offer (or an acceptance) and do not create or evidence a
>binding and enforceable contract between Enron Corp. (or any of its
>affiliates) and the intended recipient or any other party, and may not be
>relied on by anyone as the basis of a contract by estoppel or otherwise.
>Thank you.
>**********************************************************************
>

_________________________________________________________________
Join the world's largest e-mail service with MSN Hotmail.
http://www.hotmail.com


Tana,
Sorry, one slight change.  The customer is also interested in having access
to US Coal and Emissions.  Please add that to the LOI (US. Crude, Refined
Products and US Coal and Emissions).  The dollar amount is the same.

Thanks,

Dan
---------------------- Forwarded by Daniel Diamond/HOU/ECT on 03/15/2001
09:22 AM ---------------------------
From: Tana Jones on 03/14/2001 06:27 PM
To: kzito@united fuels.com
cc: Bob Shults/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT, Mark
Greenberg/NA/Enron@ENRON
Subject: LOI - United Fuels International Inc.

At the request of Bob Shults, I am attaching our proposed form of Letter of
Interest.   If the enclosed meets with your approval, please execute the
agreement and return it to me via fax no. (713) 646-3490.  I will then have
it executed by Enron Net Works.  If you have any comments or questions please
call Mark Greenberg, Senior Counsel, at (713) 345-8897 or Bob at (713)
853-0397.  We look forward to hearing from you.


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Telecom and E-business


Dear YPO Couple Retreat Attendees,

I am attaching an additional offsite choice for Saturday, Sept. 15th.

Please contact Cheryl Sluder in Larry Del Papa's office as soon as possible
if you interested in this activity.

Or just send in your check made payable to:

 YPO Couple Retreat 2001
 Del Papa Distributing
 6702 Broadway
 Galveston, Texas 77554

Thank you and Happy Hunting,
 <<Bird Hunting.doc>>
Diane Musslewhite

 - Bird Hunting.doc


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/06/2000 10:29 AM
---------------------------
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: follow thi link

http://www.altavista.com/cgi-bin/query?pg=q&sc=on&q=register+domain&kl=XX&styp
e=stext


Caroline:

No Deemed ISDA, we decided that yesterday for the long-dated deal.

We are working on the draft masters for emailing.  Please send me the
information about your counterparties' lawyers so we can begin negotiating.

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

	Caroline Abramo@ENRON
	04/25/2001 06:42 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Fred Lagrasta/HOU/ECT@ECT, Paul Radous/Corp/Enron
		 Subject: Valentis and CD Holdings

Please send the draft ISDAS to:

Marty Lifgren- mlifgr@wexford.com
Charles Davidson- cdavid@wexford.com

We agreed that the fastest way to proceed wwas to send the ISDA or can we
still send the deemed ISDA?.


Andrzej,

The phone number is 650 497 6938.

Vince

"Lubowski, Andrzej" <lubowski@visa.com> on 10/24/2000 03:01:09 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Great. We will be around. Let's get together. Please, give me a call
(650-570-6509) or/and let me know your phone number in Palo Alto.
Andrzej
-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Tuesday, October 24, 2000 12:58 PM
To: Lubowski, Andrzej
Cc: Vince.J.Kaminski@enron.com
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Andrzej,

I shall be in the Bay area again  for Thanksgiving. I came to SF for one
day to
do recruiting at Berkeley. I hope you will feel better soon.

Vince

"Lubowski, Andrzej" <lubowski@visa.com> on 10/20/2000 12:45:25 PM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Wicku,
I hoped to hear from you. Please, let me know whether your plans have
changed, and if so, when you are coming to Palo Alto.

I spent theer weeks in Europe in September (had dinner with Leszek and
Ewa),
and went to Sydney as a guest of NBC. Upon return I caught a flu, and
travelled heavily congested to New York, which led to some ear
problems.Consequently I intend to stay put for several weeks, and will have
to reschedule my trip to Houston for Dec. or January. Hope to see you here
before then.
Best to all three of you.
Andrzej

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Friday, August 18, 2000 6:23 AM
To: Lubowski, Andrzej
Cc: Vince.J.Kaminski@enron.com
Subject: Re: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Andrzej,

Thanks. Please, send me the information about the dates
when you plan to visit Houston. Also, the information about
your position/title/responsibilities (as well as the info
about the other members of your team) would be useful.

I shall be in the Bay Area  between the 10th and the 20th of October.

Hope to see your then.

Wicek