Attached is a short note from Harry K. on the proposed decisions.  Final
decision next week.  Good news in that not all surcharge was put on Summer
On-peak.

Will keep you informed of final decision.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 05/11/2001
07:59 AM ---------------------------
From: Harry Kingerski on 05/10/2001 02:31 PM
To: Harry Kingerski/NA/Enron@Enron
cc: Diann Huddleson/HOU/EES@EES, Don Black/HOU/EES@EES, James D
Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, Jeff
Dasovich/NA/Enron@ENRON, jklauber@llgm.com, Leslie Lawner/NA/Enron@ENRON,
Marcus Dotson/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Paul
Kaufman/Enron@EnronXGate, Richard Shapiro/NA/Enron@ENRON, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sandra
McCubbin/NA/Enron@ENRON, Scott Stoness/HOU/EES@EES, Susan J
Mara/NA/Enron@ENRON, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES

Subject: Re: Rate design for 3 cent Rate increase for PGE/SCE

CORRECTION - last line, Monday, May 14

	Harry Kingerski
	05/10/2001 01:16 PM

		 To: Wanda Curry/HOU/EES, James W Lewis/HOU/EES, Mike D Smith/HOU/EES, Don
Black/HOU/EES, Scott Stoness/HOU/EES, Diann Huddleson/HOU/EES,
jklauber@llgm.com, Vicki Sharp/HOU/EES, Marcus Dotson/HOU/EES
		 cc: James D Steffes/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Paul Kaufman/Enron@EnronXGate, Robert
Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Shapiro/NA/Enron@Enron
		 Subject: Rate design for 3 cent Rate increase for PGE/SCE

2 proposed decisions were released last night by the California PUC - one by
the Judge and one by Chairman Lynch.

Direct access customers are exempt from the surcharge.
Each customer class is allocated an equal 3 cents, plus an amount to cover
the shortfall from having residential usage up to 130% of baseline exempt
from the surcharge (as required by law).  Each decision allocates a
substantial portion of the subsidy to non-residential classes, although Lynch
does this to a lesser extent
The new rates become effective June 1, and the shortfall from the actual
effective date of the increase, March 27, through June 1 will be amortized
over 12 months.
Residential rate design - 5 tiers will be put in place; the 5th tier (300+%
of baseline) gets a 35 cent per kwh rate
Non-residential rate design - recommendations to put all of the increase into
summer on-peak were rejected.  About 60% of increase put into summer.
Real Time Pricing was endorsed - will further explore in workshops starting
later in May.  Voluntary program will be started.
In a vindictive outlash, Lynch decision requires federal facilities to pay
market prices under new schedules to be developed by the utilities
Judge's decision seems to require surcharge to show up as a separate line
item; Lynch's decision requires that it not be shown separately

Oral argument occurs Friday and final decision is expected to be voted out
Monday, June 14.


Just to clarify - you are booked in the Mt. Bachelor conference room for your
Monday morning staff meetings, 9 to 10:15 a.m., from now until this time next
year. Hopefully this will eliminate any last minute confusion like what we
ran into this morning. If you have any other questions, please let Mollie or
myself know and we'll address them as quickly as possible.

Thank you -
Kate Symes
West Origination Clerk


I am forwarding to you an e-mail discussion I have had with Bill Nissen over
an ambiguity in the Commodity Futures Modernization Act of 2000 that troubles
me somewhat.  The Act provides a new deregulated status for transactions in
"exempt" commodities.  The definition of "exempt" commodities expressly
excludes "agricultural commodities."   Unfortunately, "agricultural
commodities" is not defined.

Usually, when Congress or the CFTC makes a law or rule relating to special
restrictions on the grains and meats, they expressly reference the list of
"enumerated commodities" found in Section 1a4 of the Commodity Exchange Act.
In the new bill, the special restricted status just refers to "agricultural
commodities," which raises the question -- do the special restrictions cover
coffee, sugar and cocoa as well?

Our two outside lawyers I have discussed this with so far (Ken Raisler of
Sullivan & Cromwell in New York, and Bill) strongly believe the answer is
"no," and that this ambiguity is the result of poor drafting of the bill
rather than anything Congress intended to do.  I would agree that this is
probably the case; the strategy now is, how do we get a degree of comfort
that coffee, sugar and cocoa are in fact "exempt" commodities?

Of course, the highest degree of comfort would come in the form of
Congressional amendment to the CFMA to clarify this issue; obviously, we
cannot count on this happening on an expedited basis.

The next best thing would be a CFTC rule clarifying this. As you know, the
CFTC withdrew the rules they had promulgated in December -- in light of the
CFMA being signed into law -- and will presumably promulgate new rules
supporting and implementing the CFMA.  But no one I have talked on the
subject expects new CFTC rules anytime soon.

So the question is -- what should our "stop-gap" strategy be to address
this?  Bill has asked if we want him to research legislative history or
approach the staff directly (I'm not sure if he's suggesting the ag committee
staffs or the CFTC staff).  We might also consider a letter opinion on the
issue from the CFTC.  These are not ideal solutions, but they are the best I
can think of, especially given that the ag group would like to roll out softs
products on EOL in the next couple of months or so.

I propose the three of us meet to discuss strategy on the issue. -- Bob

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com
----- Forwarded by Robert Bruce/NA/Enron on 01/16/2001 09:49 AM -----

	Robert Bruce
	Sent by: Robert Bruce
	01/16/2001 09:47 AM

		 To: "Nissen, William J." <wnissen@Sidley.com>
		 cc:
		 Subject: Re: CFMA

Thank you, Bill; I think your analysis is well-reasoned.  I would like to
point out that we do not consider EnronOnline, as it is currently operated,
to be an "electronic trading facility" for purposes of the Act.  In other
words, all transactions in an "exempt" commodity on EnronOnline, we believe,
are "not entered into on a trading facility," (see Sec. 106(h)(1)(B)) and
therefore the notice requirements of Sec. 106(4) would not have to be
complied with.  That is because the Act's definition of "trading facility"
expressly excludes an electronic facility in which transactions are entered
into bilaterally (see Sec. 101(2)(33)(B)(i) -- on EnronOnline, Enron is a
party to every single transaction.

I agree that it seems odd that Congress would intend for coffee, sugar and
cocoa to fall within the special restrictions normally reserved for the
enumerated grains and meats commodities.  It seems more likely that the
ambiguity is the result of a drafting oversight rather than something
Congress intended.  However, it is troublesome to me that Congress was able
to refer to the enumerated commodities in other portions of the Act, and it
is also troubling that coffee, sugar and cocoa would be probably be
considered "agricultural commodities" in the ordinary sense of the phrase.

The question remains, then, would we like you to research legislative intent
or approach the Commission directly on the issue of whether the term
"agricultural commodity" as used as a carve-out in the definition "exempt
commodity" includes coffee, sugar, and cocoa -- I will get back to you on
this shortly.

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com

	"Nissen, William J." <wnissen@Sidley.com>
	01/15/2001 01:12 PM

		 To: "'Bruce, Robert'" <robert.bruce@enron.com>
		 cc:
		 Subject: CFMA

Bob,  in response to your questions from Friday:
I assume you are no longer interested in pursuing your second question about
the hedging study inasmuch as it relates only to full fledged contract
markets.
I have reviewed the Act regarding your first question re the definition of
agricultural commodity as it relates to the definition of exempt
commodities.  Like you, I cannot find a definition of agricultural
commodity, although the term is used elsewhere, see sec. 105(g) re excluded
swaps.  Also see sec. 5(e) (part of sec. 110) (which refers to "current
agricultural commodities" as the enumerated commodities which are currently
offered by exchanges).
Based on the language of the Act, the most reasonable reading appears to be
that agricultural commodities refers to the enumerated commodities. The
agricultural commodities are being singled out for special treatment, and
there is no indication that the Congress intended to extend special
treatment to foreign agricultural commodities which have never been given
special treatment in the past.
The primary significance of the exempt commodity category is in sec. 106 of
the Act, which allows certain off-exchange derivatives to be offered on a
largely unregulated basis.  For those transactions that will be traded with
eligible commercial entities on an electronic trading facility under
subsection (3), there is a notice requirement.  Therefore if Enron wishes to
conduct such business, a good way to raise the issue with the CFTC would be
to prepare such a notice and then provide it to the staff for prior review.
Acceptance of a notice listing commodities such as coffee, sugar and cocoa
would set a good precedent for treating these as non-agricultural
commodities.  If Enron wishes only to offer contracts to eligible contract
participants other than on a trading facility under subsection (1), it will
have to deal with the ambiguity directly.  Absent a CFTC regulation, which
may not come for some time, the best way to deal with the issue as
definitively as possible would be to raise it with the staff directly.
Otherwise we could do more research to see if there is any legislative
history to shed light on the issue.
Please let us know if you want us either to approach the staff or research
the legislative history (to the extent it is available).
Regards, Bill
.

------------------------------------------------------------------------------
------------------------------

This e-mail is sent by a law firm and may contain information that is
privileged or confidential.  If you are not the intended recipient, please
delete the e-mail and any attachments and notify us immediately.


Tasha,

Back from Mexico. It was a much needed rest. Saturday sounds great but I
might only be able to stop by for the first part of the evening. Some friends
are having a house warming and I said I would stop by there as well. Send me
the details.

w/b

Chris


You love it when I pick on you.


---------------------- Forwarded by Sally Beck/HOU/ECT on 01/06/2000 12:51 PM
---------------------------

	Enron North America Corp.

	From:  Lisa Norman @ ENRON                           01/06/2000 07:40 AM

To: Elyse Kalmans/Corp/Enron@ENRON
cc: Sally Beck/HOU/ECT@ECT
Subject: Re: Alumni List

University of Texas alumni report attached.

LN

	From:  Elyse Kalmans                           01/04/2000 05:01 PM

To: Lisa Norman/HR/Corp/Enron@ENRON
cc: Sally Beck/HOU/ECT@ECT

Subject: Alumni List

Happy New Year, Lisa!  Can you please pull a list of University of Texas
alumni for me?  I'd appreciate your help.  Thanks!

Elyse
30565


yes i had planned to meet them , good luck on your call

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Tuesday, October 23, 2001 12:41 PM
To:	Quigley, Dutch
Subject:	Re: couch

can you meet them for this- I have a conference call with Kelsey's lawyers at 5-6:30 today
then I have supper club at 7
thanks
kq

From:	Dutch Quigley/ENRON@enronXgate on 10/22/2001 12:28 PM
To:	Kay Quigley/HOU/EES@EES
cc:
Subject:	couch

I set for the couch to be delivered tomorrow between 5:30 at 6:30

dq


Miss Tana ---
Is this app almost through Legal?  The customer is anxious to get on board
--- this has been an extremely difficult process so far.
Thanks, Tana, and have a wonderful holiday weekend.
Griff

 -----Original Message-----
From:  Gray, Mary Griff
Sent: Wednesday, May 23, 2001 6:32 AM
To: Sever, Stephanie; Jones, Tana
Subject: AES Eastern Energy

Ladies,

What's the status on this registration?  The customer is eager to receive
transaction status (calls fairly often so I would call that "eager").

Thanks,
Griff


SBX2 27 (Bowen) passed out of the Senate Appropriations Committee on a
7-5 party-line vote.  In her closing, Senator Bowen said that if the
supporters of direct access do not want to help her with her bill she
would just as soon let if fail.  She also stated that the CPUC was going
to terminate direct access next week.  There was one additional
amendment taken which specifies that DWR must inform customers within 30
days of an inquiry what the projected exit fee will be.


This should be 214.00 - I've changed it.

Thanks,
Kate

Stephanie Piwetz   02/22/2001 01:50 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 529368.01 Motley

Kate, can you please check price on following deal
Enron Sells to Aep     2/22/01
April 01
we have price of 114.00
ICE broker paper has price of 214.00

Thanks


Start Date: 1/11/02; HourAhead hour: 15;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011115.txt


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They think he may be back for the next game. He just bruised his shoulder. I
think LA is trying to hurt him, he is the biggest threat to them

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, May 01, 2001 10:05 AM
To: tlenhart@corealty.com
Subject: Re:

no, but i saw that they won tonight.  it was close.  is sakic going to be
ok?


I took an online course last month and would like to take another. I have
forgotten my password/id and I can't login. Can you send me an enail with
this info. Also-- I have lost the course # for the seminar I took last month
entitled " Ethics For Inhouse Lawyers" which was a 3 hour course. Could you
send me this? Thank You


Coming Full Circle: A Plausible Future for Power Generation

Speaker:
Amy Oberg
Manager, Competitive Intelligence and Future Foresight
Enron Energy Services

Wednesday, May 30
11:30 a.m. to 12:30 p.m.
EB 5C2

To Make a Reservation, Call 3-1941 and Select Option 1.

Lunch will not be provided, but you are welcome to bring your own.

Please inform us ahead of time if you need special accommodations to
participate in this meeting.  Call 3-9390.


<<5-17-01.pdf>>

Richard Costigan, III
Chief of Staff
Office of the Assembly Republican Leader
California State Assembly
Phone:(916) 319-2005

 - 5-17-01.pdf


Please make a note of the following:

Monday, Sept. 10, 2001 - 1:30pm Staff Meeting - CANCELLED

Monday, Sept. 10, 2001 - 2:30pm Safety Meeting - CANCELLED

If you have any questions, please give me a call.

Sarita Garza
Asst. to John Shafer
Environmental, Health & Safety
Enron Transportation Service
(713) 646-7035 Tel.
(713) 646-7867 Fax


The following is a link to the Bureau of State Audits' March 2001 report
"Energy Deregulation; The Benefits of Competition Were Undermined by
Structural Flaws in the Market, Unsuccessful Oversight, and
Uncontrollable Competitive Forces" which was referenced in today's
Select Committee to Investigate Price Manipulation of the Wholesale
Energy Market hearing.

http://www.bsa.ca.gov/bsa/pdfs/20001341.pdf


This deal is against the NP index with an SP del point.  Is that what you
want?

Thanks!


-----Original Message-----
From: 	Yang, Sean
Sent:	Friday, January 25, 2002 4:08 PM
To:	Kaminski, Vince J
Subject:	Sean Yang's Info

Vince,

 It is my pleasure to know you and almost work with you.
 I am sure we will meet again in the future and good luck.

  Sean Yang

   Info:

      Sean, Xiaozhuo, Yang
      12306 Fox Meadow Drive
      Stafford, TX 77477

      (H)  281-240-3856
      (W) 713-853-0444
     E-Mail:  sean.yang@enron.com
                xyzyang@hotmail.com


======================================================
        VENTUREWIRE --- Thursday, August 24, 2000
======================================================
           Private Company Business News
------ Published Daily by Technologic Partners -------
           http://technologicpartners.com
======================================================

Top Stories:

o Microsoft Spin-off HomeAdvisor Gets $100 Million First Round
o Greenlight.com Launches Car Buying Service on Amazon.com
o Digital Library & Research Firm Questia Gets $90 Million
o Former Oracle President Lane Joins Kleiner Perkins
o USWeb Co-founder Launches Net Training Firm iGeneration
o German Incubator Raises $30.5 Million in Its First Round

|||||||||||||||||||| Advertisement ||||||||||||||||||||

Spend an afternoon with VC Heidi Roizen.

The Montclare Web Team invites you to join us to hear
SOFTBANK VC Heidi Roizen talk about the 'new' New
Economy at the Montclare Speaker Series, Sept. 13.

http://www.montclare.com/speakerseries

Want to improve your Web site? Ask the experts!
Meet us tonight at Zibibbo, in Palo Alto:

http://www.montclare.com/webteam

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Also in This Issue:

     New Money:
o Web Recruiter Brainhunter.com Has $12 Million First Round
o Content and Publishing Firm Closes on $8 Million First Round
o Handheld Device Developer Extenex Has $2.1 Million Series A
o Stolen Laptop Tracker Lucira Gets First Round Funding
o Microsoft to Provide Funds for eLabor.com's Second Round
o TH Lee Global Internet Invests $48 Million in BBC Subsidiary
o Silicon Wave Closes $51.7 Million Fourth Round
o Avantas Networks Raises $12 Million in Second Round
o Broadband Multimedia Portal V-SPAN Gets Funding From Enron
o Incentive Software Firm Raises $9.3 Million in Second Round
o Internet Media Firm Click2Asia Closes Series B Funding Round
o Education Market Platform HotU Closes $6 Million Series B
o Pacific Venture Provides Thap! with $2 Million in Series B
o Phase Forward Raises $25 Million in Fourth Funding Round
o Greenhill Capital Partners Takes 13% Stake in Meritage
o Sequencia Secures $6.5 Million in Series C Funding Round
o Definition 6 Secures $2 Million in Third Funding Round

     New Products:
o Latin-American B2B Internet Portal LatinAdvisor.com Launches
o E-Commerce Tech Firm Vinimaya Announces Formation
o Internet and Wireless Services Enhancer Qsent Launches
o Eastman Kodak Company Spins Off Eastman Software
o Newsroom Computing Systems Firm Avstar Now iNEWS

     New Deals:
o AOL Takes Minority Stake in Content Distribution Firm Adero

     M&A:
o Human Resource Servicer Peopleclick Acquires PRI Associates
o Retirement Advisory Invesmart Buys Three West Coast Firms
o Ultrasound Developer TomTec Acquires Individual Software
o ThirdAge Media Acquires Menopaus Information Web Site
o Viewlocity Buys French Integrator Electronic Data Transfer

     New People:
o nexTier Solutions Names Second Chief Executive This Year
o Siebel Spin-off Sales.com Names New CEO
o Arbinet-thexchange Promotes President to CEO Post
o Sports Site Dunk.net Names Former WHN Exec First President
o Online Auction Software Provider Auctiva Hires CEO

     VC Fund News:
o InterWest Partners Closes $750 Million IT, Medical Tech Fund

     VC Personnel:
o WR Hambrecht & Co. Names Private Equity Managing Director

     VW Corrections:
o Tripology

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======= Top Stories =======

o Microsoft Spin-off HomeAdvisor Gets $100 Million First Round

REDMOND, Wash. -- HomeAdvisor Technologies, a developer
of technology for streamlining the mortgage lending
process that Microsoft spun off earlier this year,
said it raised over $100 million in its first round
of venture capital funding from Chase's venture
capital arm Chase Capital Partners and GMAC-Residential
Funding. The two investors will receive minority
stakes as a result of their investment. The company
said the money will be used for the nationwide rollout
of the its technology. HomeAdvisor is majority owned
by Microsoft. The company's technology enables customers
and lenders to reach an agreement on mortgage rates
in real time.
http://www.homeadvisor.com/
_____________________________________________

o Greenlight.com Launches Car Buying Service on Amazon.com

SEATTLE -- Amazon.com said it will launch an online
new car buying service on its Web site through a
partnership with Greenlight.com and its network
of auto dealers. Amazon also said it invested in
Greenlight.com's $39 million second round of funding
announced earlier this week. The round also included
investments from Techno-Venture Co., Comdisco Ventures,
Pacific Century Cyberworks, Spring Creek Partners,
Kleiner Perkins Caufield & Byers, Asbury Automotive
Group, Ripplewood Holdings, and Freemen Spogli &
Co. In January, Amazon.com acquired a 5% stake in
Greenlight.com for an undisclosed sum.
http://www.amazon.com/
http://www.greenlight.com/
_____________________________________________

o Digital Library & Research Firm Questia Gets $90 Million

HOUSTON -- Questia Media, which intends to provide
an online storehouse and research service for undergraduates,
said it raised $90 million in its Series B funding.
The round was led by OppenheimerFunds. New investors
Bulldog Capital Management and Palmetto Associates
joined TA Ventures in financing the round. The company
said it will use the funding to continue its process
of digitization, which involves the creation of
a hyperlinked network of textual material through
footnotes within books and articles. The company
intends to scan and digitally connect 50,000 books
for its service by the time of its scheduled launch
in January 2001. Questia Media raised $30 million
in its initial round of funding from TA Associates.
The investors from the second round hold the option
of taking a seat on the company's board of directors
but have yet not exercised it.
http://www.questia.com/
_____________________________________________

o Former Oracle President Lane Joins Kleiner Perkins

MENLO PARK, Calif. -- Kleiner Perkins Caufield &
Byers said Ray Lane, former president and COO of
Oracle, joined the venture capital firm as a general
partner. Prior to serving as president and COO of
Oracle Mr. Lane was executive vice president and
president of worldwide operations. Mr. Lane joined
Oracle as president of Oracle USA after working
as a senior partner in the consulting firm of Booz
Allen & Hamilton.
http://www.kpcb.com/
_____________________________________________

o USWeb Co-founder Launches Net Training Firm iGeneration

SAN FRANCISCO -- iGeneration, which trains Internet
professionals and connects them with jobs, announced
its launch. Toby Corey, the co-founder of USWeb/CKS,
will serve as the company's CEO. iGeneration is
backed by Intend Change, which Mr. Corey also co-founded,
a venture acceleration services firm for startup
and early stage technology companies. The company
said it expects to raise $13 million to $15 million
in its next funding round led by Softbank. iGeneration
will offer career guidance, skills assessment, training
certification, financial aid, and job placement.
http://www.igeneration.com/
_____________________________________________

o German Incubator Raises $30.5 Million in Its First Round

BERLIN -- Venturepark Incubator, which provides
capital and development services for startups, corporate
joint ventrues, and company spin-offs in the new
media sector, said it raised $30.5 million in its
first round of funding led by Goldman Sachs. Other
investors in the round included DaimlerChrysler,
Banco Bilbao Vizcaya Argentaria, BertelsmannSpringer
Sceince + Business Media, Dressdner Kleinwort Benson,
e-millennium 1, Gramercy Communications Partners,
and individual investors. The company announced
its first investment last month with the launch
of the German-language sports site Sportgate. Venturepark
has offices in Berlin, Madrid, and Paris, and intends
to continue its expansion across Europe.
http://www.venturepark.com/

======= New Money =======

o Web Recruiter Brainhunter.com Has $12 Million First Round

TORONTO -- Brainhunter.com, a full service Web-based
recruitment agency, said it  secured $12 million
in its first round of funding led by Hollinger Capital.
The company said it will use the funds to expand
its North American market share. Other investors
involved in the round include McLean Watson, the
Business Development Bank of Canada, and Crossbow
Ventures.
http://www.brainhunter.com/
_____________________________________________

o Content and Publishing Firm Closes on $8 Million First Round

MOUNTAIN VIEW, Calif. -- NetPost, a provider of
Internet content services that enable the integration
and publication of content, said it raised $8 million
in its first round of funding. Bay Partners led
the round, which also included Israel-based Koor
Corporate Venture Capital. The company is also backed
by individual investors. Bob Williams, general partner
with Bay Partners, will sit on the company's board
of directors. The company will use the funding for
business development and sales and marketing. NetPost
enables users to integrate and publish content across
multiple media including the Internet, television,
Internet appliances, mobile telephones and wireless
devices, and print.
http://www.netpostinc.com/
_____________________________________________

o Handheld Device Developer Extenex Has $2.1 Million Series A

SOQUEL, Calif. -- Extenex, which develops personal
wireless devices, said it raised $2.1 million in
its Series A round of funding. Vanguard Atlantic
funded the round. The company will use the funds
for further product development. Extenex, formerly
jCan, expects to raise a larger second round of
funding for product launch later this year.
http://www.extenex.com/
_____________________________________________

o Stolen Laptop Tracker Lucira Gets First Round Funding

BOSTON -- Lucira Technologies, a security technology
company, said it secured first round funding from
a group of individual investors. The company did
not disclose the exact amount but said it was less
than $10 million. Lucira, formerly Cybertrack Systems,
will launch its first product, SecurePC, this fall.
SecurePC can track a missing or stolen laptop once
it is connected to the Internet. Robert E. Lienhard,
a founding member of the Boston Consulting Group,
and an investor in Lucira, and Gerald I. Isaacson,
the data security manager at the Massachusetts Institute
of Technology, will join Lucira's board.
http://www.lucira.com/
_____________________________________________

o Microsoft to Provide Funds for eLabor.com's Second Round

CAMARILLO, Calif. -- eLabor.com, an ASP that provides
a Web-based service that enables companies to manage
projects and personnel, said it formed a strategic
partnership with Microsoft under which Microsoft
will participate in the company's $40 million second
round of funding. eLabor.com will act as an ASP
to the Microsoft Project 2000 products that enable
users to manage enterprise level projects as part
of the deal. New investor Lehman Brothers led the
second funding round with previous investor Brentwood
Redpoint contributing.
http://www.elabor.com/
_____________________________________________

o TH Lee Global Internet Invests $48 Million in BBC Subsidiary

NEW YORK -- TH Lee Global Internet Managers said
it invested $48 million for a 13.5% stake in the
newly formed subsidiary the BBC. The new, as of
yet unnamed, subsidiary will handle the public broadcaster's
commercial Internet operations. Although TH Lee
Global Internet Managers said it is possible the
subsidiary will be floated or sold, they have not
a set a definitive time table for this. TH Lee Global
Internet Managers is the only outside investor in
the venture at this time.
http://www.bbc.co.uk/
http://www.thli.com/
_____________________________________________

o Silicon Wave Closes $51.7 Million Fourth Round

SAN DIEGO -- Silicon Wave, a supplier of RF systems-on-chip
for wireless and broadband communications, said
it completed its fourth round of financing with
approximately $51.7 million. Intersil led the round
with participation from new investors 3Com Ventures,
Access Technology, Alps Electric Company Limited,
GTG Ventures, JMG Triton, Nexus Capital Partners,
Sands Brothers Venture Capital, Senvest International,
and Sidus. Previous investors Ampersand Ventures,
Benaroya Company, Mitsubishi, J. & W. Seligman &
Co., Signal Lake Ventures, and Velocity Capital
Management also participated. The financing will
go towards technology and product development.
http://www.siliconwave.com/
_____________________________________________

o Avantas Networks Raises $12 Million in Second Round

MONTREAL -- Avantas Networks, a developer of fiber
optic telecom test instrumentation, said it has
raised $12 million in its second round of funding.
Investors included Ventures West, T2C2\INFOR, Innovatech,
and BDC. The company said the funds will be used
for sales and marketing. Previous investors in the
company include Skypoint Capital and individual
investors.
http://www.avantas.com/
_____________________________________________

o Broadband Multimedia Portal V-SPAN Gets Funding From Enron

KING OF PRUSSIA, Pa. -- V-SPAN, a portal which provides
corporations and other institutions with Web-based
multimedia collaboration services over broadband
networks, said it has received an undisclosed amount
of funding from Enron Broadband Services, a wholly
owned subsidiary of Enron Corp. The investment by
Enron is in addition to a recent $28 million equity
investment in V-SPAN that was led by Goldman Sachs
& Co, and included Comcast Interactive Capital,
 MF Private Capital, J & W Seligman, Boston Millennia
Partners, Harron Capital, B-ETC, and Edison Ventures.
 The companies said they are developing a platform
for delivering multimedia capabilities for business
meetings and Internet-based education using Enron's
broadband network and streaming technology and V-SPAN's
virtual conferencing services.
http://www.v-span.com/
_____________________________________________

o Incentive Software Firm Raises $9.3 Million in Second Round

PLEASANTON, Calif. -- Again Technologies, a developer
of variable pay and incentive software, said it
secured $9.3 million in a second round of funding
led by new investor Sierra Ventures. New investors
Stanford University, Staenberg Venture Partners,
and individual investor Tim Guleri, contributed
along with previous investor Artemis Ventures. Mr.
Guleri, vice chairman of E.piphany, and David Schwab,
general partner of Sierra Ventures, were added to
the company's board of directors, which was expanded
to five. The funding will be used for sales, marketing,
and product development.
http://www.againtech.com/
_____________________________________________

o Internet Media Firm Click2Asia Closes Series B Funding Round

LOS ANGELES -- Click2Asia, a global Asian Internet
media company offering interactive community services,
Asian-oriented content, and e-commerce services,
said it has closed its Series B round of funding.
Click2Asia declined to say how much it raised in
this latest round, but said it has secured a total
of $15 million in venture capital since its inception.
Investors who participated in the Series B round
include Serome.com, Softbank Korea, and Postech
Ventures. The funds will go to support marketing
and sales initiatives. Also, the company announced
it has expanded its management team. Chinworth Yao,
one of the co-founders, has been elected executive
vice president.
http://www.click2asia.com/
_____________________________________________

o Education Market Platform HotU Closes $6 Million Series B

HONOLULU -- HotU, a global Internet-based communications
platform for the higher education market, said it
raised $6 million in Preferred B equity financing
in a private round from Silicon Valley venture capitalists
and individual investors. Series B investors include
Allegis Capital's Media Technology Venture and HMS
Hawaii Management Partners. In addition, Series
A investors, which were all individual investors,
participated in this round. The company also said
that Barry Weinman, managing director of Allegis
Capital, will become hotU's third board member.
http://www.hotu.com/
_____________________________________________

o Thap! Raises $8 Million in Series B

IRVINE, Calif. -- Pacific Venture Group, a healthcare-focused
venture capital firm, said it provided $2.5 million
in Series B funding to Thap!, a business-to-employee
provider of health and absence management services
to corporations and government organizations. The financing
was part of an $8 million first close of Thap!'s Series B round.
Other Series B investors included Validus Partners, MDS Capital
and existing investor Chase H&Q. Layton Crouch, a managing
director of Pacific Venture, will join the company's board of
directors.
http://www.thap.net/
_____________________________________________

o Phase Forward Raises $25 Million in Fourth Funding Round

WALTHAM, Mass. -- Phase Forward, a provider of Internet
software designed to conduct and manage clinical
pharmaceutical trials, said it has secured an additional
$25 million in its fourth round of funding. The
round was led by Thomas Weisel Capital Partners
and included additional contributions from existing
investors Schroder Ventures Life Sciences Group,
Pacific Venture Group, HLM Management Company, BioVentures
Investors, Atlas Venture, North Bridge Venture Partners
and the Sprout Group. Phase Forward, which has raised
$64 million to date, said it will use the funds
to expand its customer support and technology deployment.
http://www.phaseforward.com/
_____________________________________________

o Greenhill Capital Partners Takes 13% Stake in Meritage

NEW YORK -- Greenhill Capital Partners, a mergers
and acquisitions advisory firm, said it acquired
a 13% preferred securities equity stake in Meritage
Technologies, a provider of e-commerce consulting
and professional services. Scott L. Bok of Greenhill
Capital Partners will join Meritage's board of directors.
The company plans to use Greenhill's investment
for geographic expansion, internal growth, recruitment,
and strategic acquisitions.
http://www.meritagetech.com/
_____________________________________________

o Sequencia Secures $6.5 Million in Series C Funding Round

PHOENIX -- Sequencia, a developer of software applications
for the pharmaceutical and chemical industry, said
it has secured $6.5 million in its Series C funding
round led by Eastman Chemical Company and SAP Ventures.
 Existing investors Brinson Partners, Valley Ventures,
Norwest Ventures, Applied Technology, Solstice Capital,
Wolf Ventures, and Coronado Ventures also participated.
The financing will go to support the company's e-commerce
infrastructure.
http://www.sequencia.com/
_____________________________________________

o Definition 6 Secures $2 Million in Third Funding Round

ATLANTA -- Definition 6, an application infrastructure
provider, said it secured $2 million in its third
round of funding from individual investors, bringing
the total raised to $6.75 million. Maurice Worth,
president and CEO of the Doral Company and former
COO of Delta Air Lines participated in the round,
along with several other board members. The funding
will be used for expansion and product development.
http://www.definition6.com/

======= New Products =======

o Latin-American B2B Internet Portal LatinAdvisor.com Launches

MIAMI -- A group led by Violy McCausland, the CEO
of Violy, Byorum & Partners, announced the launch
of LatinAdvisor.com, a Latin American pan-regional
business-to-business Internet portal. The portal
will be operated by LatinAdvisor Holdings, which
raised $6 million from an undisclosed group of individual
investors last year. The company said it is currently
negotiating with Ms. McCausland's firm, Violy, Byorum
& Partners, to lead another private placement later
this year. The capital will enable LatinAdvisor
to strengthen its four web-based transaction platforms,
expand product and service offerings, and deepen
local operations throughout its major Latin America
hubs. Henry E. Harper, the founder and CEO and Pedro
Luis Duran, co-chairman, will be responsible for
the holding company's day to day operation. Ms.
McCausland will serve in an advisory capacity as
chairwoman of the board of LatinAdvisor.
http://www.latinadvisor.com/
_____________________________________________

o E-Commerce Tech Firm Vinimaya Announces Formation

TARRYTOWN, N.Y. -- Vinimaya, which develops and
markets business-to-business e-commerce tools, announced
the formation of the company. Vinimaya  plans to
launch its first two products within a few weeks:
ViniShopper, a comparison shopping service for business-to-business
e-commerce and ViniDirectory, an online searchable
business-to-business marketplace directory. Vinimaya
is backed by individual investors.
http://www.vinimaya.com/
_____________________________________________

o Internet and Wireless Services Enhancer Qsent Launches

LAKE OSWEGO, Ore. -- Patrick Cox and Kevin Anderson,
co-founders of Metro One Telecommunications, and
Greg Keene, co-founder and technology director of
Pacific Harbor Publishing, announced they have launched
Qsent, an Internet-based company which will provide
transaction-based products for wireless service
providers, businesses, and portals. Qsent's first
two products iQradio and iQtaxi, will launch this
quarter. iQradio is an intelligent radio resource,
and iQtaxi is an Internet-based real-time taxi reservation
service. Since the company was incorporated in Dec.
1998, it has raised $8 million in first round funding
from Auxier Asset Management,Voyager Capital, and
individual investors.
http://qsent.com/
_____________________________________________

o Eastman Kodak Company Spins Off Eastman Software

BILLERICA, Mass. -- Eastman Software, a provider
of e-commerce software and services, announced that
it will become an independent company backed by
a privately held investment group as of September
1. William Oates is leading the investment group.
Financial terms of the agreement were not disclosed.
The company was previously a wholly owned subsidiary
of Eastman Kodak, operating within Kodak's document
imaging division. Eastman Software has clients in
financial services, insurance, and government sectors.
http://www.kodak.com/
_____________________________________________

o Newsroom Computing Systems Firm Avstar Now iNEWS

MADISON, Wis. -- Avstar Systems, a provider of newsroom
computing systems, said it has changed its name
to iNEWS. Avstar said it changed it name to reflect
the broadcast industry's current state of flux as
various outputs for news broadcasting converge.
iNEWS is backed by the Grass Valley Group and Avid
Technologies.
http://www.inewsroom.com/

======= New Deals =======

o AOL Takes Minority Stake in Content Distribution Firm Adero

BOSTON -- Adero, a provider of Internet content
and application distribution services, said America
Online took a minority stake in the company. The
equity stake is part of a larger strategic agreement
between the two companies and Inktomi. The three
companies are developing a platform enabling content
providers to supply participating ISPs with content.
Adero is also backed by Bowman Capital, Fidelity
Ventures, Hikari Tsushin, ING Barings, Inktomi,
Intel Capital,  M/C Venture Partners, Microsoft,
Mitsubishi, Osborn Capital, Reuters, and Spectrum
Equity. Adero has raised $105 million to date.
http://www.aol.com/
http://www.adero.com/

======= M&A =======

o Human Resource Servicer Peopleclick Acquires PRI Associates

RALEIGH, N.C. -- Peopleclick, a provider of online
human resources management tools, said it has acquired
PRI Associates, a software development and statistical
consulting firm that specializes in employment discrimination
litigation, computer related intellectual property
suits, and affirmative action issues, for an undisclosed
amount. Peopleclick said that it will use PRI's
software and services to warn its clients about
unfair human resources practices. Peopleclick is
backed by Morgan Stanley Dean Witter Venture Partners,
Lovettt Miller Venture Fund II, Limited Partnership,
North Carolina Enterprise Fund, and Primus Capital
Fund IV. Peoplclick has been through two major rounds
of funding totaling $23 million.
http://www.peopleclick.com/
_____________________________________________

o Retirement Advisory Invesmart Buys Three West Coast Firms

PITTSBURGH -- Invesmart, a full-service retirement
investment advisory company, said it has acquired
the PGR Group, IPC Pension Services, and Cascade
Pension Services for undisclosed amounts. The company
said the acquisitions will give it a presence on
the West Coast and add depth to its new retirement
services business. These acquisitions bring Invesmart's
total assets under administration to over $7.5 billion.
Invesmart is backed by Softbank, AB Venture Capital,
Crosspoint Ventures, Mellon Ventures, and Morningstar
Associates.
http://www.invesmart.com/
_____________________________________________

o Ultrasound Developer TomTec Acquires Individual Software

MUNICH, Germany -- TomTec Imaging Systems, a German
developer of 2D, 3D, and 4D ultrasound services,
said it acquired partner company Individual Software,
a Fulda, a Germany-based software provider. The
companies did not disclose financial terms of the
deal. Individual Software will be incorporated into
TomTec's product portfolio. Holger Frank, a former
owner of Individual Software, will serve as the
head of TomTec's new sales organization. Individual
Software's other co-owner, Johann Wessels, will
lead TomTec's 2D development. TomTec Imaging Systems
is backed by ABN Amro Ventures, ultrasound manufacturer
Kretztechnik, and Japanese company Nihon Kohden.
http://www.tomtec.de/
_____________________________________________

o ThirdAge Media Acquires Menopaus Information Web Site

SAN FRANCISCO -- ThirdAge Media, which operates
a portal focused on older adults, said it acquired
Menopause-Online, an Internet provider of information
and advice about menopause. Financial details of
the acquisition were not disclosed. The Menopause-Online
Web site will continue to be available and will
have links to ThirdAge Media's Web site. ThirdAge
is backed by CBS, Hollinger International, Media
One, Merrill Lynch, and Softbank Technology Ventures.
http://www.thirdage.com/
http://www.menopause-online.com/
_____________________________________________

o Viewlocity Buys French Integrator Electronic Data Transfer

ATLANTA -- Viewlocity, a provider of software and
services that integrate e-commerce networks and
synchronize supply chains, said it acquired Electronic
Data Transfer, a systems integrator focused on EAI
and business-to-business integrations services that
has locations in France and Singapore. The companies
did not disclose financial terms of the deal. Viewlocity
said the acquisition will bolster its French presence
and add application development capabilities in
the Asian market. Viewlocity recently raised $25
million in its Series E round of funding.  Backers
include DHL, Deutsche Post, Marconi Ventures, SingTel,
SK Global, BancBoston Ventures, Battery Ventures,
BCI Partners, Beacon Group, and CommVest.
http://www.viewlocity.com/

======= New People =======

o nexTier Solutions Names Second Chief Executive This Year

IRVINE, Calif. -- nexTier Solutions, a developer
of Internet-based supply chain management software
for the printing and publishing market, said it
named Kevin J. Liebl president and chief executive
officer. Mr. Liebl is the former vice president
of marketing for MTI Technology, an Anaheim, Calif.-based
computer storage company.  He is also the brother
of company chairman Gary Liebl. Kevin Liebl replaces
Michael H. McCann, who was named president and CEO
of nexTier in July.  A company spokesperson said
Mr. McCann only served in an "interim" capacity
and that he is no longer with the company. The company's
original announcement of Mr. McCann's appointment
made no mention of the temporary nature of his position.
nexTier is backed by International Paper.
http://www.nextiersolutions.com/
_____________________________________________

o Siebel Spin-off Sales.com Names New CEO

SAN MATEO, Calif. -- Sales.com, a spin-off from
Siebel Systems that provides Internet-based productivity
software and services for sales managers and their
staffs, said it appointed Jay L. Verkler to the
position of chief executive officer. He was previously
senior vice president forpProducts at Vitria, a
e-business platform provider. In addition to Siebel,
Sales.com is backed by Sequoia Capital and U.S.
Venture Partners.
http://www.sales.com/
_____________________________________________

o Arbinet-thexchange Promotes President to CEO Post

NEW YORK -- Arbinet-thexchange, a trading service
for buyers and sellers of telephony bandwidth, said
it named J. Curt Hockemeier as its new CEO. Mr.
Hockemeier joined the company in April as president
and COO. Anthony Craig, previously chairman and
CEO, will take the title executive chairman. Arbinet-thexchange
is backed by Van Wagoner Capital Management, Amerindo
Investment Advisors, Breakaway Capital, BancBoston
Ventures, Bedrock Capital Partners, Chase Capital
Partners, ComVentures, Deutsche Banc Alex Brown,
Internet Capital Group, J.P. Morgan Capital, Robertson
Stephens, and Soundview Technology Group. The company's
total funding is approximately $75 million.
http://www.thexchange.com/
_____________________________________________

o Sports Site Dunk.net Names Former WHN Exec First President

LOS ANGELES -- Dunk.net, a sports and technology
site co-founded by Shaquille O'Neal, said that Robert
Hollander has become its first president. Prior
to joining Dunk.net, Mr. Hollander was the president
of WHN, an e-commerce service provider. Investors
in Dunk.net include Mr. O'Neal and other professional
athletes Rebecca Lobo, DeLisha Milton, and Mike
Piazza.
http://www.dunk.net/
_____________________________________________

o Online Auction Software Provider Auctiva Hires CEO

OAKLAND, Calif. -- Auctiva, a provider of software
for sellers at online auction sites and electronic
storefronts, said it has hired Mark A. Schwartz
as CEO. Prior to joining Auctiva, Mr. Schwartz served
as a management consultant with the Mitchell Madison
Group. Auctiva is a privately held corporation financed
by a group of individual investors.
http://www.auctiva.com/

======= VC Fund News =======

o InterWest Partners Closes $750 Million IT, Medical Tech Fund

MENLO PARK, Calif. -- InterWest Partners said it
has officially closed a $750 million venture capital
fund that will focus three core areas: Internet
infrastructure, e-commerce, and medical technologies.
The fund's imminent close was originally reported
last week. The fund will seek to make initial investments
of $3 million to $7 million and lifetime investments
between $12 million and $15 million. The fund received
investments from most of the limited partners that
participated in the firm's prior fund. With the
closing of this fund, its largest to date, InterWest
Partners will have a total of $1.6 billion of capital
under management.
http://www.interwest.com/

======= VC Personnel =======

o WR Hambrecht & Co. Names Private Equity Managing Director

SAN FRANCISCO -- WR Hambrecht & Co., an online investment
bank that provides underwriting and advisory services
for technology and emerging growth companies, said
it hired Michael W. Szeto as senior managing director
and head of its private equity group division. He
will oversee the firm's venture investments. Mr.
Szeto joins WR Hambrecht & Co. from J.P. Morgan
where he was managing director in the technology,
media, and telecom group. WR Hambrecht's private
equity group invests primarily in early stage network
infrastructure firms, open source/embedded device
companies, and software-based application providers.
The firm and affiliates have invested more than
$100 million in over 50 companies. The company's
average investment is $2 million.
http://www.wrhambrecht.com/

======= VW Corrections =======

o Tripology

NEW YORK -- A story in yesterday's VentureWire about
the launch of Tripology's Web site carried an incorrect
dateline. The company is based in New York City
not Sunnyvale, Calif.

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If anybody's looking for some sunglasses, I just found a website that
has some badass glasses at a pretty good discount.  Anyway, just thought
I'd let you know...

Cheers,

--
Amir Cyrus Ahanchian
acahanchian@zdnetonebox.com - email
(512) 682-6996 ext. 1087 - voicemail/fax

___________________________________________________________________
To get your own FREE ZDNet Onebox - FREE voicemail, email, and fax,
all in one place - sign up today at http://www.zdnetonebox.com

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From: "Oren Blonstein" <orenmax@hotmail.com>
To: acahanchian@zdnetonebox.com
Subject: afterlasik.com
Date: Wed, 06 Dec 2000 21:52:15 -0800
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FILETIME=[DA387EE0:01C06011]

Hey Amir,

That sunglass company I was working for just put up a website at
http://www.afterlasik.com where they are selling amazing sunglasses.  They
are running a promotion for the first three weeks of December where the
glasses are in the $70-90 range (that's like 30% off).

The sunglasses are the best--better than Maui Jim, Oakley, and Costa Del
Mar.  And those cost about $120-150.  I sent a pair to my brother for
Christmas, and it was less than $80.

Thought I'd pass the deal around.  Speak to you soon,

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


For those of you from Enron House who are partaking in the conference call
(above) tomorrow - Tuesday 12 December - a room has been booked - SE3005.
The time is 1700-1800 GMT.

---------------------- Forwarded by Rachel A Jones/EU/Enron on 11/12/2000
19:32 ---------------------------

	Stephanie Truss
	11/12/2000 15:04

To: Rachel A Jones/EU/Enron@Enron
cc: Nina Edmonds/LON/ECT@ECT

Subject: E-Mail Retention Policy - Conference Call

Rachel, this is a copy of the e-mail I sent out on December 4, 2000 regarding
the e-mail retention conference call.  Jonathan Marsh was included as a
recipient on this e-mail.  Thank you.
---------------------- Forwarded by Stephanie Truss/NA/Enron on 12/11/2000
09:04 AM ---------------------------

	Stephanie Truss
	12/04/2000 02:22 PM

To: Alan Black@ECT, richard.b.sanders@enron.com, chris.behney@enron.com,
robert.c.williams@enron.com, paul.j.jones@enron.com, nelson.bibby@enron.com,
Jonathan Marsh/EU/Enron@Enron, Ian Brungs/EU/Enron@Enron,
jfeldman@forensics.com
cc: emaurer@forensics.com

Subject: E-Mail Retention Policy - Conference Call

A conference call has been scheduled for Tuesday, December 12, 2000 at 11:00
a.m. CST.  The domestic dial-in number is (800) 991-9019, international (847)
619-8039.  The passcode is 6741072, confirmation#3232558. Should you have any
questions, please call me at (713) 345-5965.  Thank you!


FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 08/29/2000 01:33 PM
---------------------------

Jeff Dasovich@EES
08/29/2000 08:33 AM
To: Mary Hain/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, James D Steffes/HOU/EES@EES, Mona L
Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES,
mpalmer@enron.com, Karen Denne/Corp/Enron@ENRON, David Parquet/SF/ECT@ECT,
Roger Yang/SFO/EES@EES
cc:
Subject: ISO To Participate in Super Peak Market

---------------------- Forwarded by Jeff Dasovich/SFO/EES on 08/29/2000 10:32
AM ---------------------------

Gary Ackerman <foothi19@idt.net> on 08/26/2000 04:21:58 PM
Please respond to foothi19@idt.net
To: Bill Ross <billr@calpine.com>, Bob Anderson <Robert_Anderson@apses.com>,
Carolyn Baker <cabaker@duke-energy.com>, Corby Gardin
<jcgardin@newwestenergy.com>, Curtis Kebler
<Curtis_L_Kebler@reliantenergy.com>, Denice Cazalet <dcazalet@apx.com>, Gene
Waas <glwaas@calpx.com>, Greg Blue <gtbl@dynegy.com>, Jack Pigott
<jackp@calpine.com>, Ken Czarnecki <Ken_J_Czarnecki@calpx.com>, Kent
Wheatland <KEWH@dynegy.com>, "Klemstine, Barbara A(F56661)"
<barbara_klemstine@apses.com>, Randy Hickok <rjhickok@duke-energy.com>, Rob
Lamkin <rllamkin@seiworldwide.com>, Rob Nichol <rsnichol@newwestenergy.com>,
robert berry <berry@apx.com>, Roger Pelote <rpelote@energy.twc.com>, Sue Mara
<smara@enron.com>, curt hatton <curt.Hatton@gen.pge.com>, Jeff Dasovich
<jdasovic@enron.com>, Dan Douglass <douglass@arterhadden.com>, Al Parsons
<alp@ncpa.com>, Bob Reilley <rreilley@coral-energy.com>, Brian Jobson
<bjobson@smud.org>, Dave Nuttall <dn@ui.com>, Edmond Chang <echang@wapa.gov>,
Ken Lackey <Kenneth_Lackey@EdisonMission.com>, Linda Hamilton
<lhamilton@avistaenergy.com>, Mark Tallman <mark.tallman@pacificorp.com>,
"Richard H. Counihan" <counihan@greenmountain.com>, Sheryl Lambertson
<sslambertson@pplmt.com>, Steve Fisher <stephen_fisher@transalta.com>, Steve
Ponder <steve_ponder@fpl.com>, Tom Breckon <tom@ncpa.com>, "Wolfe, Don -
PGSO-5" <dvwolfe@bpa.gov>, Chuck Goligoski <cgoligoski@avistaenergy.com>,
Elaine Walsh <Elaine@citizenspower.com>, Duane Nelsen <dnelsen@gwfpower.com>,
Reggie Howard <rhoward@reliantenergy.com>, Tim Belden
<tbelden@ect.enron.com>, Dave Francis <DFRA@dynegy.com>
cc:
Subject: ISO To Participate in Super Peak Market

Folks,

Late Friday afternoon Ziad called me.  The ISO Governing Board earlier
the same day turned down the ISO management's request to force SCs to
place 95% of their scheduled load in the DA market.  That leaves the ISO
little choice but to venture into the energy markets to procure power to
cover their peak hours on hot days.

Terry gave Ziad the OK to proceed with placing both the APX and
California PX screens for this new product/matching-service.  I am
working with the two vendors and the ISO to make this happen quickly.
We anticipate that the market will open on Tuesday, September 5, or
earlier.

Key people who you may need to contact:
ISO - Ziad Alaywan  916-351-2140 (Nancy Traweek and Jim McIntosh are
also in the loop)
PX - Ken Czarnecki 626-537-3123
PX - John Yurkanin 626-537-3124
APX - Denice Cazalet 408-517-2123
APX - Michael Heinrich 408-517-2159

Please feel free to contact me with your questions.  Several of you have
not had the opportunity to attend the pre-design meetings we had at the
California PX and APX a few weeks ago, nor were you aware of the joint
WPTF/ISO meeting held last week.  But in essence, what this
product/matching-service will allow you to do is post bids to sell, or
buy a 6-hour block of capacity at a firm energy price across the hours
of HE13 to HE18.  You can bid at COB, Mead, PV, SP15 or NP15.  You can
utilize either the CalPX or APX to post your bids, because the ISO will
be watching both screens.  The block sizes are (supposed to be) 25MW.
The seller is responsible for arranging transmission to the delivery
point, and the buyer (e.g., ISO) is responsible for arranging
transmission service from the delivery point.  The ISO will make its
purchase decisions for the day-of at or before 8:00 a.m.  The ISO will
send out a general notice when it needs offers to sell on the super-peak
market.  I expect that bids for either buy or sell will be able to be
posted at any time, 24 hours.  The screens should allow parties to post
buy or sell bids at least 60 days forward of the trade day.

You are not limited to a price cap in these markets, but the ISO as a
buyer has the right to not purchase at prices above it's price cap.

I think WPTF members should be very proud that we were able to quickly
work together, and with the ISO to create this market. I have no doubt
the ISO will be offering bids to purchase starting Sept 5, and going
forward 60 days.  However, who among you will be willing and able to
post bids to sell?

gba


Start Date: 3/30/01; HourAhead hour: 21;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001033021.txt


ID:  rrodri2
Network:  sydney2000*

LotusNotes: hazelnut4me

Thanks,
Robin


I agree.  Also, I think what we do here will be cited by others.  Mark


----- Forwarded by Gerald Nemec/HOU/ECT on 02/06/2001 02:53 PM -----

	"David Locascio" <dlocascio@bracepatt.com>
	01/30/2001 06:22 PM

		 To: <kcglc@alltel.net>, <dwight.beach@enron.com>
		 cc: "Jay Sonnenberg" <jsonnenberg@bracepatt.com>, <gerald.nemec@enron.com>,
<apalizzi@yahoo.com>
		 Subject: O&M Agreements

Attached please find the execution copies of both O&M Agreements.  The only
change I have made is the one we discussed at the end of Section 8.4.  Please
let me know if you wish to discuss.

Jay, unfortunately, I would just print out these documents in lieu of the
hard copies I previously gave you. However, keep and use the budget schedules
I gave you.

Best regards.

David W. Locascio
Bracewell & Patterson, L.L.P.
711 Louisiana, Suite 2900
Houston, Texas  77002-2781
phone: 713.221.1396
fax:      713.221.2134
email: dlocascio@bracepatt.com

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

 - Execution Copy of O&M AGREEMENT for LUMBERTON.doc
 - Execution Copy of O&M Agreement for Elizabethtown.doc


Yes, Gregg and I are bringing appetizers.  Stan and Tracy are bringing some
wine and beer!

Marian

                    "John Dupuy"
                    <JDupuy@swagro       To:     <eruscitti@reliant.com>, <fbotello@mdanderson.org>,
                    up.com>               <gdejarnett@aol.com>, "John Dupuy" <JDupuy@swagroup.com>,
                                          <JVanDriel@lgc.com>, <kevin.ruscitti@enron.com>, <lmarks@lgc.com>,
                    09/28/2001            <MDeJarnett@reliant.com>, <pfairfield@maharam.com>,
                    11:02 AM              <pjkrieger@shellus.com>, <quinnbishop@aol.com>
                                         cc:
                                         Subject:     Lobsters on the way..

O.K.
The lobsters are ordered and on the way. Enough were interested in
mussels and clams for me to add to order.
Are you all bringing:
Pete & Fernando           Potato salad
Lisa & Kevin                   Appetizers
Lewis & Laura                  Corn on the cob
Greg & Marion et al       appetizers?
Josette                             desert
Patricia                            chowder?
All                            booze
Patricia is thinking 6:30ish
Oh yeah, total with lobster, clams & mussels is around $35 per person.

SEE YOU MA?ANA

John


chk email.  memo from Day just arrived.  Best, Jeff


Dear Sally,

Please call me if you would like me to walk you through this.

Thanks

Shona


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I've would like to wire Reliant $9,500.00 tomorrow and then wire about $31,000.00 every Thursday to keep Reliant paid for 7 days of gas.  I'm making the following assumptions;
	1.  ENA will be maintaining this deal through March 31, 2002
	2.  Prices are going to remain flat for the next 2 months
	3.  Tallahassee will call on the maximum swing volumes every day

So far this month, Tallahassee has called on the maximum swing volumes every day.  I will make adjustments to the Thursday wire amount as needed based on prices and how much Tallahassee calls on.

The following worksheet projects how much we need to send Reliant each week and shows what days Tallahassee called on the swing gas.  Phil, you mentioned adding a column for the sales price to Tallahassee.  Sounds good to me.  This file is located at o:/Gas Structuring/Bankruptcy Folder/City of Tallahassee/Tallahassee Swing Cash Flow.xls

The following worksheet shows ENA's activity with Reliant, our current cash balance with Reliant, how much gas we have purchased, and what price we used.
I will send the following worksheet to Reliant each week.  I also plan to copy Phil, Robin, and Margaret.  This file is located at o:/Gas Structuring/Bankruptcy Folder/City of Tallahassee/ENA-Reliant Prepay.xls

Eric, Doug, Phil,   let me know what you think about the wire for Friday and every Thursday.


Hi Liz -

I had a very interesting conversation with Rocky.  He is still in business,
just finishing up boots for the new President.    Also, I have been called
"Precious" and "Baby" this morning.  Somehow, it just seems appropriate from
him!!

He is located at RJ's Boot Company and Shoe Shop
3321 Ella Blvd. & 34th Street
Houston, Texas  77018

Phone:  713-682-1650, fax 713-682-5520

Rosie


Hi Gerald:  To the best of my knowledge ENA, ECC nor Eel has an agreement
with or pertaining to Gulf Power Company.

Cheers,
Kay

	Gerald Nemec
	08/25/2000 10:52 AM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: CA Data Sheet

Please see attached.  Thanks.


Dave

I think Overdyke is still working on the peaker insurance deal.  He has Per
on the road working on it.  We probable should tell him that we don't have
anymore unless New Albany is enough.


Mary:  Heard your news and I wish you the very, very best.  Please stay in
touch!!!!!

Cynthia Sandherr
The NewPower Company
1615 L Street, N.W.
Tenth Floor
Washington, D.C.  20036
(202) 828-8827
(202) 828-6325 (fax)
cynthia.sandherr@newpower.com
----- Forwarded by Cynthia Sandherr/HOU/NewPower on 03/27/01 05:07 PM -----

----- Forwarded by Kathleen Magruder/HOU/NewPower on 03/24/01 02:58 PM -----

	Mary Hain@ECT
	03/23/01 01:24 PM

		 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, ajaldrich@snopud.com, Jeff Alexander, Al Alexanderson@Enron,
Keonee Almaida, hollis.alpert@ferc.fed.us, Brenda Anderson, angles@howry.com,
Alan B Aronowitz/HOU/ECT@ECT, 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,
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,
vergil.cabasco@mail.house.gov, johncameron@dwt.com, Doug Carmichael, Ed
Cassidy, ajchambe@llgm.com, Melissa Chiechi, elchristensen@snopud.com,
kevin.clark@ci.seattle.wa.us, rcloward@avistacorp.com,
david_cohen@rniinc.com, Bill Comish, Victor Contract, powerlac@aol.com,
Frederick Coolbroth, michaelcorrigan@bchydro.bc.ca, kcorum@nwppc.org,
KCurry@bracepatt.com, Wanda Curry/HOU/EES@EES, gdahlke@paine-hamblen.com,
kadaly/atty%moheck@mcimail.com, mday@gmssr.com, dearing@chelanpud.org,
tdeboer@paine-hamblen.com, Tom_Delaney@enron.com, sdleonard@earthlink.net,
dldorrell@stoel.com, Mary Doyle, Jay Dudley, mce2280@idahopower.com,
michaelearly@earthlink.net, Katherine Edwards, rle@givenspursley.com,
imaxtrans@aol.com, Chris Elliott, sandra.elliott@ferc.fed.us,
kerwin@ect.enron.com, dezickson@mwe.com, Jim Fallon, fallonr@howrey.com,
Elias Farrah, Michele_Farrell@pgn.com, dfaulk@puget.com, gfergus@brobeck.com,
Willard Fields, sfisher@avistaenergy.com, pfox@bracepatt.com, Pat Franklin,
John Frazzell, ericf@prestongates.com, don.furman@pacificorp.com,
segfurst@bpa.gov, Jackie Gallagher, craiggannett@dwt.com, Alvaro
Garcia/LON/ECT@ECT, sbishop@gibbs-bruns.com, wgibson@nwppc.org,
ggilbert@ci.tacoma.wa.us, Pat Gilman, Alex Goldberg,
jlgreene@energyadvocates.com, Chris_Groener@mail.house.gov, Mary Groggin,
Mark E Haedicke/HOU/ECT@ECT, Stephen Hall, steve.c.hall@enron.com, Leo
Hamblin, whannaford@NWPPC.org, jim.harding@ci.seattle.wa.us,
rhardy@hardyenergy.com, kharri@puget.com, Steve_Hawke@pgn.com,
dhawkins@caiso.com, marc.hellman@state.or.us, Scott Helyer,
mhenry@bracepatt.com, dwmp@teleport.com, rhornby@tca-us.com, mhornst@aol.com,
dhuard@jmbm.com, Marlene Huntsinger@pgn.com, cfi1@tca-us.com, Richard
Ingersoll/HOU/ECT@ECT, pljacklin@stoel.com, montrey@aol.com, danj@cfmdc.com,
kgjohnson@bpa.gov, ljohnson@pwrteam.com, Karen E Jones/HOU/ECT@ECT,
mkanner@kannerandassoc.com, karid@perkinscoie.com, pkaufma@ect.enron.com,
Paul Kaufman/PDX/ECT@ECT, Jeffrey Keeler/Corp/Enron@Enron @ Enron, Devon
Kehoe <devon_kehoe@mentorg.com>, James Keller, Joe.Kelliher@mail.house.gov,
kkennedy@bdbc.com, Rick Kessler, rdking@bpa.gov, Harry Kingerski/HOU/EES@EES,
Harry Kingerski/NA/Enron@Enron, rsk@schwabe.com, gwilliams8@austin.rr.com,
John Klauberg, Holli Krebs/HOU/ECT@ECT, ekrogh@wiredweb.com,
blafferty@avistacorp.com, wdlamb@bpa.gov, John Lamb, Therese Lamb,
srlarson@bpa.gov, Cindy_Tatham@co.washington.or.us, zora.lazic@bchydro.com,
kaleathley@bpa.gov, pamela_lesh@pgn.com, Debi LeVine, lcg@europa.com,
doug.little@powerex.com, Robert Loeffler, Chris Long, sjlong@bpa.gov,
rlopezv@www.conet.com.mx, david_lucio@iep.illinova.com,
king.lum@bchydro.bc.ca, kevin.lynch@pacificorp.com, Mark Maehr, Randal T
Maffett/HOU/ECT@ECT, John Malowney/HOU/ECT@ECT, Sueyen Mao, Susan J
Mara/SFO/EES@EES, Susan J Mara/NA/Enron@Enron, Lee Martin@Enron,
maurw@perkinscoie.com, Wayne Mays/PDX/ECT@ECT, Michael McCall/HOU/ECT@ECT,
Sandra McCubbin/NA/Enron@Enron, Travis McCullough/HOU/ECT@ECT, Michael
McDonald, brugen@erols.com, mckinley@wpuda.org, mcm@vnf.com,
mcnichol@wapa.com, shauna@pnucc.org, Maureen McVicker,
pmeringolo@brobeck.com, demetcalf@bpa.gov, cemeyer@bpa.gov,
jmilegich@sppc.com, fred_miller@pgn.com, Jeffrey Miller/HOU/ECT@ECT,
jerry.miller@pacificorp.com, Laura Miller, scott.miller@ferc.fed.us, Bill
Miner, phil_moeller@gorton.senate.gov, pmohler@hewm.com, emoler@velaw.com,
nkmorgado@bpa.gov, Mike@tonkon.com, krmoxness@bpa.gov, mmps@millcreeklaw.com,
pmurphy@mbllp.com, terrym@millcreeklaw.com, bmurtha@acy.sunint.com, Rich
Nassief, tod@mgninc.com, Douglas_Nichols@pgn.com, Patty Nichols, Christi
Nicolay, tmnoguchi@bpa.gov, darcy@tonkon.com, Sarah Novasel@sarah
novosel/Corp/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Tom O'Donnell,
PObenchain@idahopower.com, Pegy Olds, Carol Opatrny, tpaine@avistacorp.com,
Dave Parquet, bpascoe@mtpower.com, afpaschke@bpa.gov, ccperigo@bpa.gov,
wlpernas@stoel.com, lpeters@pacifier.com, jill@pnucc.org, Mona L
Petrochko/NA/Enron@Enron, npickover@bracepatt.com, Phillip
Platter/HOU/ECT@ECT, Alfred Pollard/HOU/ECT@ECT, Walt Pollock@Enron,
gporter@sppc.com, Kevin M Presto/HOU/ECT@ECT, jquint@puget.com,
arlene.ragozin@ci.seattle.wa.us, maraschio@bpa.gov, Dale
Rasmussen/HOU/ECT@ECT, Scott Rasmussen, Bobby Reeves/PDX/ECT@ECT,
preiten@pngc.com, reyna2r@kochind.com, shellyr@pacifier.com, Jeff
Richter/HOU/ECT@ECT, raroach@bpa.gov, atrodrigues@bpa.gov, rarogers@bpa.gov,
peterroi@erols.com, Rothfelder@rlo-law.com, Richard Sanders,
jsaven@pacifier.com, Michael Schilmoeller/PDX/ECT@ECT,
jschlect@avistacorp.com, Sabine.Schnittger@frontier-economics.com, Diana
Scholtes/HOU/ECT@ECT, Roger Seifert, Cara Semperger, asettanni@bracepatt.com,
Richard Shapiro, Vicki Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Joshua
Sheinkman, jshurts@nwppc.org,  Sid, msizer@ci.tacoma.wa.us,
slavens.paula@deps.ppl.com, small@wrightlaw.com, small@wrightlaw.com,
douglas.smith@ferc.fed.us, Mike Smith, Roger Smith, Larry
Soderquist/HOU/ECT@ECT, Harvey Spigal, mstauffer@mtpower.com, James D
Steffes/NA/Enron@Enron, James D Steffes/NA/Enron@Enron,
mestewardpsedc@worldnet.att.net, JKStier@BPA.gov, rbstrong@paine-hamblen.com,
DASwanstrom@Verner.com, Mike Swerzbin/HOU/ECT@ECT, tabors@tca-us.com, Ron
Tapscott/HOU/ECT@ect @ ECT, James K Tarpey/DEN/ECT@ECT, Jake Thomas,
ryan_thomas@burns.senate.gov, jrt2058@idahopower.com, maryann@pnucc.org,
mtierney@sempra.com, robin_tompkins@pgn.com, Ann Tumlinson, AW Turner, Sheila
Tweed, Lisa Urick, rvermeers@avistacorp.com, Frank W Vickers/HOU/ECT@ECT,
John Walley, kristiwallis@sprintmail.com, walshl@howrey.com,
swalton@enron.com, Steve Walton/HOU/ECT@ECT, kaward@bpa.gov, Kim
Ward/HOU/ECT@ECT, Carol Wardell, dwatkiss@bracepatt.com, sawatson@bpa.gov,
judy.welch@NWPP.ORG, 211-6155@MCIMAIL.COM, Kwenzel@zzz.com,
cwestadt@sppc.com, Brian Whalen, Bill Williams/PDX/ECT@ECT,
klwmtp@worldnet.att.net, lyn_williams@pgn.com, Greg Wolfe@ECT, Vickie
Wolk-Laniewski@Enron, Ed Wood/HOU/ECT@ECT, mwood@stoel.com, Steve Wright,
Teresa L Wright/HOU/ECT@ECT,  WSCC, Charles Yeung, Christian
Yoder/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Steve Kean, Travel in the
Park, D Brett Hunsucker/HOU/ECT@ECT, Carla Hoffman/PDX/ECT@ECT, Bernadette
Hawkins, Joe Hartsoe@Enron, Donna Fulton, Roger Fragua/HOU/ECT@ECT, James B
Fallon/HOU/ECT@ECT, Michael Etringer/HOU/ECT@ECT, Terry W
Donovan/HOU/ECT@ECT, Stacy Dickson@ECT, Ginger Dernehl/HOU/EES@EES, Rhonda L
Denton/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron, Sean Crandall/PDX/ECT@ECT @
ECT, Tom Briggs/NA/Enron@Enron, t.briggs@enron.com, Stacey Bolton, Dennis
Benevides/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Tim Belden/HOU/ECT@ECT,
Robert Badeer/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,  Alan Comnes, Lysa
Akin/PDX/ECT@ECT, Portland West Desk, assad@elektro.com.br, Alan
Comnes/PDX/ECT@ECT, Alberto Levy/SA/Enron@Enron, Aleck Dadson/TOR/ECT@ECT,
Allison Navin/Corp/Enron@ENRON, Amy Fabian/Corp/Enron@ENRON, Barbara A
Hueter/NA/Enron@Enron, Bernadette Hawkins/Corp/Enron@ENRON, Bill
Moore/NA/Enron@Enron, cristinah@elektro.com.br, Carlos Gustavo
Azevedo/SA/Enron@Enron, Carmen Perez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Carolyn Cooney/Corp/Enron@ENRON, Charles Yeung/HOU/ECT@ECT, Chauncey
Hood/NA/Enron@ENRON, Chris Long/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Cynthia Sandherr/Corp/Enron@ENRON, Damon
Harvey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan Staines/HOU/ECT@ECT, Daniel
Allegretti/NA/Enron@Enron, Dave Mangskau/Corp/Enron@ENRON, Donald
Lassere/NA/Enron@Enron, Donna Fulton/Corp/Enron@ENRON, Eidy
Catala/TRANSREDES@TRANSREDES, Elizabeth Linnell/NA/Enron@Enron, Frank
Rishe/NA/Enron@Enron, Geriann Warner/NA/Enron@Enron, Ginger
Dernehl/NA/Enron@Enron, Gisele S Braz/SA/Enron@Enron, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Guillermo Canovas/SA/Enron@Enron,
Harry Kingerski/NA/Enron@Enron, Howard Fromer/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Janine Migden/NA/Enron@Enron, Javier
Pantoja/TRANSREDES@TRANSREDES, Jean R Dressler/NA/Enron@Enron, Jean
Ryall/NA/Enron@ENRON, Jeff Brown/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Jeffrey Keeler/Corp/Enron@ENRON, Joao
Paixao/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Allen/NA/Enron@Enron, Joe
Connor/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Joe
Hillings/Corp/Enron@ENRON, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Joseph Alamo/NA/Enron@Enron, Kathleen Sullivan/NA/Enron@ENRON, Kerry
Stroup/NA/Enron@Enron, Kikumi Kishigami/NA/Enron@Enron, Kirsten
Bellas/NA/Enron@Enron, Lara Leibman/NA/Enron@Enron, Laurie
Knight/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Linda J
Noske/HOU/ECT@ECT, Linda Robertson/NA/Enron@ENRON, Lindsay
Meade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Lisa Yoho/NA/Enron@Enron, Lora
Sullivan/Corp/Enron@ENRON, Luiz Maurer/SA/Enron@Enron, Lysa Akin/PDX/ECT@ECT,
Marchris Robinson/NA/Enron@Enron, Marcia A Linton/NA/Enron@Enron, Marcie
Milner/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Maureen
McVicker/NA/Enron@Enron, Melinda Pharms/HOU/ECT@ECT, Michelle
Belzak/TOR/ECT@ECT, Mona L Petrochko/NA/Enron@Enron, Nancy
Hetrick/NA/Enron@Enron, Patrick Keene/NA/Enron@Enron, Ray
Alvarez/TRANSREDES@TRANSREDES, Rebecca W Cantrell/HOU/ECT@ECT, Ricardo
Charvel/NA/Enron@Enron, Richard Ingersoll/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, Robert Frank/NA/Enron@Enron, Robert
Hemstock/CAL/ECT@ECT, Robert Neustaedter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Robin Kittel/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron, Roy
Boston/HOU/EES@EES, Rubena Buerger/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Sandra McCubbin/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Scott
Bolton/Enron Communications@Enron Communications, Sergio
Assad/SA/Enron@Enron, Stella Chan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Stephen D Burns/Corp/Enron@ENRON, Steve Montovano/NA/Enron@Enron, Steve
Walton/HOU/ECT@ECT, Steven J Kean/NA/Enron@Enron, Sue Nord/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Susan M Landwehr/NA/Enron@Enron, Terri
Miller/NA/Enron@Enron, Thane Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tom
Briggs/NA/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom Delaney/Corp/Enron@ENRON,
Tom Hoatson/NA/Enron@Enron, Tracy Cooper/Enron Communications@Enron
Communications, Valeria Lima/SA/Enron@Enron, Vinio Floris/Corp/Enron@Enron,
Xi Xi/Enron Communications@Enron Communications, Steven J
Kean/NA/Enron@Enron, Jeffrey Keeler/Corp/Enron@ENRON, Christi L
Nicolay/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON, Robert
Frank/NA/Enron@Enron, Lara Leibman/NA/Enron@Enron, Gloria
Ogenyi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Shapiro/NA/Enron@Enron,
Leslie Lawner/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Aleck
Dadson/TOR/ECT@ECT, Daniel Allegretti/NA/Enron@Enron, Howard
Fromer/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Roy Boston/HOU/EES@EES,
Janine Migden/NA/Enron@Enron, Christie Patrick/HOU/ECT@ECT, Jane
Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rhonda L Denton/HOU/ECT@ECT,
Kathleen E Magruder/HOU/EES@EES, Susan T Covino/HOU/EES@EES, Rebecca
Carter/Corp/Enron@ENRON, Shelley Corman/ET&S/Enron, Janet Butler/ET&S/Enron,
Kevin M Presto/HOU/ECT@ECT, Brad Richter/Enron Communications@Enron
Communications, Greg Piper/Corp/Enron, Kevin McGowan/Corp/Enron@ENRON, Kim
Ward/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT
		 cc:
		 Subject: I'm Leaving Enron

I am going to be the Senior Regulatory Counsel at ISO New England starting on
April 9, 2001.   My last day in the Portland area will be March 31, 2001.  I
enjoyed working with you and wish you the best of everything.  My new address
will be:

Mary Hain
Senior Regulatory Counsel
ISO New England Inc.
One Sullivan Road
Holyoke, MA  01040-2841
(413) 535-4000
mhain@ISO-NE.com


State PUC Takes On High Cost Of Energy
Regulators foresee more rate increases
Robert Salladay, Lynda Gledhill, Chronicle Sacramento Bureau
Monday, March 12, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/12/M
N227831.DTL
Sacramento -- Starting this week, state regulators will begin debating how
much is enough when it comes to asking Californians to shoulder the
electricity crisis by paying higher utility rates.
Right now, there doesn't appear to be enough money to go around. The state
government and the utilities have racked up monumental bills because of
California's flawed deregulation system. And even with recent rate increases,
not enough cash is coming in to pay off the debts and buy power.
Over the next three weeks, deciding how that money gets divvied up to pay the
state's debt will be one of the toughest jobs of the year. State Treasurer
Philip Angelides said the state Public Utilities Commission would be
essentially filling a shoe box with debts and commitments during a series of
meetings and workshops this month, and it's going to be a tight fit without
raising power bills even more.
"The rubber hits the road in the next few weeks at the PUC," Angelides said.
"There is a box that has to be filled up, and a no-rate-increase scenario is
putting all of these things into this box. It'll be tough work."
Under the law, the PUC has the power to essentially determine how much profit
the utilities can make. It's a set formula, designed to give the power
companies a comfortable margin and to keep power bills reasonable for
consumers.
But with the 1996 deregulation an utter failure in California, there are many
more demands on that money. The utilities claim to be $14 billion in debt.
The state of California is spending $45 million a day to buy power. Taxpayers
have spent $3.2 billion so far, and the PUC recently said utility customers
would be required to pay that money back.
Then there is the $10 billion in bonds the state is selling to buy long- term
contracts for power. Angelides said the PUC also must guarantee him an
estimated $1.3 billion a year from consumers to pay off the bonds, which his
office expects to begin selling by the end of May.
That money could end up running out by September, or June 2002 under the most
optimistic prediction, Angelides said. That could mean California would have
to borrow even more money beyond the $10 billion -- money that consumers will
most likely have to pay back through their bills.
Gov. Gray Davis has said repeatedly that it is his "hope and expectation"
that rates will not increase. But he has been criticized for seeming to say
that a temporary rate increase approved in January will be made permanent and
that a 10 percent rate decrease imposed when deregulation was implemented
will be lifted next year.
"If I wanted to raise rates, I could have solved this in 20 minutes," Davis
said last month.
But others are convinced now that rates will go up even more than the 19
percent. And PUC Commissioner Richard Bilas said he thinks the rates should
go up before the summer to encourage conservation.
'FUNDAMENTALS DON'T CHANGE'
"It doesn't matter what is done in terms of rhetoric, legislation, ideas or
proposals at the commission -- the fundamentals don't change," said Bilas, a
Republican. "There is not enough supply and too much demand. The only
function on the demand side is a rate increase. Otherwise, people won't stop
using electricity."
Since the state is buying roughly 30 percent of the power used by the
utilities -- and at the highest prices so far -- the state should be entitled
to an equivalent share of the money coming in from consumers.
"If we're going to issue bonds, we must have first (crack at) that money,"
Angelides said. His office believes that "a failure to (issue bonds) in the
appropriate manner will directly and negatively impact consumer rates."
Angelides also needs a commitment from the PUC over how the state will get
repaid for the money it's spending to buy emergency power the utilities
cannot afford to purchase.
Bilas said the PUC, which will take up some of these issues at their meeting
on Thursday, would have to face reality soon.
'IT'S A BAND-AID'
"It's the direction we have been moving in," he said. "We're having to face
up to fact that there needs to be rate increase. What is being done isn't a
solution to the problem -- it's a Band-Aid."
The utilities, among others, are eyeing the money as well for their
significant costs. They have accumulated massive debts that need to be
repaid, and have investors to satisfy.
Also looking for a slice of the pie are the alternative energy producers --
including wind and solar producers -- who depend on payments from the
utilities to buy the natural gas they need to operate.
These facilities account for nearly a third of the energy produced in
California, and any scenario that has the state getting through the summer
without significant blackouts requires full operation.
"What everybody has told me is this summer is going to be murder, because we
don't have enough," state Senate President pro tem John Burton, D-San
Francisco, said recently.
Three things are occurring that are designed to make sure the money going out
to pay for debts and power is slightly less than the money coming in from
consumers:
Small alternative energy providers are expected to start getting lower
payments.
Utilities, as part of a state rescue plan still being negotiated, will be
required to sell the electricity they generate themselves at cost.
The state is signing long-term contracts for its share of power, which
reduces demands on ratepayers.
The idea is to leave enough headroom that will pay back the state for what it
is spending over a long period of time.
Angelides said the difference -- that headroom -- should be returned to the
state to pay off the debts it incurred from the long-term contracts financed
with the bond money and to buy emergency power.
STATE WANTS ITS SHARE
"We stepped into the breach here," Angelides said. "We're entitled to a fair
slice of the pie."
Angelides said the new rate schedule, which the PUC is determining this
month, should not be used to pay back utilities for any of their debts from
before Jan. 17. That's when the state started buying power for the utilities.
So far, the utilities are not asking for their past debts to be repaid. Some
other financing for those must be developed, such as selling thousands of
miles of electrical transmission lines to raise billions of dollars.
But there may not be much headroom left to pay off all the other debts.
Chris Danforth with the Office of Ratepayer Advocates, which is designed to
make sure consumers get a good deal out of the PUC, said the future payments
to the alternative facilities and contracts signed by the state were going to
cost more than originally planned.
That eats up some of the headroom and "is indicative of a rate increase,"
Danforth said.
Paying the Bill
Most of what PG&E customers pay for electricity is spoken for but the demands
are about to get a lot bigger. .
Breakdown of contributors to electricity production
PG&E generated power -- What the utility produces at its own plants.
Alternative energy -- Electricity generated by solar, wind and biomass
companies.
Independent generators -- Power produced at non-PG&E plants in California and
elsewhere. .
PG&E customers currently pay 6.5 cents per kilowatt hour
Combined sources of electricity cost 6.134 cents per kilowatt hour
This portion represents 0.366 cents of leftover money .
Claims on leftover money
-- Money owed to the Independent System Operator, which has been forced to
buy electricity at very high prices in recent months.
-- Money owed to the alternative energy providers. Many of these small units
have stopped operating because they have not been paid.
-- Emergency power purchases likely to be necessary this summer, since the
state has not secured enough long-term contracts to provide all the power it
needs. That could drain either the state's coffers, or be paid for by
consumers. .
Source: Chronicle research Chronicle Graphic
E-mail the reporters at rsalladay@sfchronicle.com and
lgledhill@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 1