Please talk to Tracy and see if we need to update the credit terms and then
send the latest SDG&E EEI Redline to Sharon Firooz, Tony Molnar and Jim Walsh
at SDG&E.  Then follow up to see if we can get these issues resolved.  Kim
will be handling the RFP response.

Thanks

C

Their e-mails are:

1.  sfirooz@sdge.com tel:  858/650-6158
2.  jwalsh@sdge.com tel:  619/699-5022
3.mmolnar@sempra.com tel:  619/696-4521

 and


Eric

I do NOT want to announce this when it happens.  We have been quietly
avoiding how much activity we have done so far and many people assume that we
already have done many...an assumption that helps us.  So please do NOT issue
this.

Eric Thode@ENRON
12/04/2000 04:19 PM
To: Jeffrey McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Tim
Battaglia/NA/Enron@Enron, Greg Hermans/Corp/Enron@Enron, Mark
Frevert/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT
cc:
Subject: DRAFT PRESS RELEASE: Enron Announces First Financial Swaps Products
for Steel Industry

Attached is a draft press release for the steel group.  Please review and
provide any comments to me by Wednesday, December 6 at noon.  Upon approval
by EIM/EWS, I will route to corporate PR and corporate IR for final
approvals.  If you have any questions or comments, please call me at ext.
3-9053.

Eric


I have attached the demand letter to be signed and sent by Dick.  Please call
me if you have any questions.


Please give me a status on the Master Physical with Engage US.

Per the e-mail below, Engage is ready to supply us with an amended guaranty.

Thanks
Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 09/21/2000
10:00 AM ---------------------------

From:  Russell Diamond
     09/21/2000 09:59 AM

To: Kiran.Parthasarathy@EngageEnergy.com @ ENRON
cc:
Subject: Re: Reciprocal Physical Guaranty

Hi Kiran,

The guaranty to Enron should cover the following entities:

Enron North America Corp.
Houston Pipe Line Company
Enron Power Marketing, Inc.
Clinton Energy Management Services, Inc.

Hope this helps.

Russell

Kiran.Parthasarathy@EngageEnergy.com on 09/21/2000 07:44:28 AM
To: Russell.Diamond@enron.com
cc:
Subject: Reciprocal Physical Guaranty

Russell,

This is regarding our agreement to do a reciprocal US$ 25 million guaranty to
cover Engage US only for PHYSICAL transactions.? Please let me know which are
the Enron entities that need to be included in the Guaranty.? As soon as I
have that information, I will forward the request to our Treasury, who will
then arrange for internal approvals and then send you a draft guaranty for
approval.

Thanks,
Kiran Parthasarathy
Engage Energy US, L.P.
5 Greenway Plaza
Suite 1200
Houston, TX 77046
713-877-7944 (Voice)
713-297-1605 (Facsimile)

-----Original Message-----
From: Russell.Diamond@enron.com [mailto:Russell.Diamond@enron.com]
Sent: Thursday, September 14, 2000 10:53 AM
To: Kiran.Parthasarathy@EngageEnergy.com
Subject:

Kiran

My fax number is 713-853-9476,? my mailing address is:

Russell Diamond, EB2860A
Enron Corp.
1400 Smith St.
Houston, TX? 77002

Before you send send the original guaranty to us, let my legal first look
at you faxed copy.

Thanks
Russell


i feel for you huby to be then

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, October 04, 2001 10:27 AM
To:	Quigley, Dutch
Subject:	RE:

Damn! That's all I know how to make!

 -----Original Message-----
From: 	Quigley, Dutch
Sent:	Thursday, October 04, 2001 10:26 AM
To:	Huble, Amanda
Subject:	RE:

not burned

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Thursday, October 04, 2001 10:25 AM
To:	Quigley, Dutch
Subject:	RE:

not today, but I am going to bring a HUGE batch on Monday.  What kind do you like?

 -----Original Message-----
From: 	Quigley, Dutch
Sent:	Thursday, October 04, 2001 10:22 AM
To:	Huble, Amanda
Subject:

did you bring any  cookies ?


can you get me the number of our contact at the Delano.  I have a personal
favor to ask them.
john


Three to-dos on our Mavrix meeting:
1.  Follow up and make sure the officers get set up correctly.
2.  Talk to Perry Frazier in planning--he is keeping copies of the actual EBB
postings showing that we have had the Ignacio-Thoreau piece of capacity
posted (the 33,000/d).  I'd like you to keep copies of those postings in your
file until Mavrix actually buys that capacity.  If we end up in a fight at
some time, we'll be able to prove the postings were out there, because the
actual postings are not electronically archived, I am told.
3. All Mavrix deals will need initials from legal--probably you, Susan.  For
now, please let me know of any deals Mavrix does with non-Enron pipes.  For
Enron pipes, of course, contract approval will be via our ordinary procedures
and MKM's group and I should be advised as a matter of course.

Thanks.  DF


Dorothy, Joannie may have already responded, but Jeff is not available for
dinner Monday night.  This was communicated to Dr. Ghosh last week.  SRS

From: Dorothy Dalton@ENRON COMMUNICATIONS on 03/26/2001 01:28 PM
To: Ken Rice/Enron Communications@Enron Communications, Sherri
Sera/Corp/Enron@ENRON, Joannie Williamson/Corp/Enron@ENRON, Jeff
Skilling/Corp/Enron@ENRON
cc:

Subject: Re: 4/3/01 - 1:30-3:30 p.m. - Meeting Confirmation

Fyi - agenda for meeting with Partha Ghosh of Adventis next week.  Are Ken &
Jeff interested in dinner Monday evening?

Dorothy Dalton
Office of the Chairman
Enron Broadband Services
1400 Smith Street, EB4505
Houston, TX  77002
713-853-6724 - direct
713-853-9469 - fax
----- Forwarded by Dorothy Dalton/Enron Communications on 03/26/01 01:16 PM
-----

	Parthasg@aol.com
	03/23/01 10:26 PM

		 To: Dorothy Dalton/Enron Communications@Enron Communications
		 cc: PGHOSH@adventis.com, MBruneau@adventis.com, ABelt@adventis.com,
Bkirby@adventis.com
		 Subject: Re: 4/3/01 - 1:30-3:30 p.m. - Meeting Confirmation

Dear Dorothy:

Thank you very much for your note; below I have laid out the agenda for the
meeting for Ken and Jeff's approval:

1. Introduction to Adventis and our work in the Broad band space; - 20 minutes
2.  Ken's brief on Broad Band Services group's way forward: challenges,
issues, aspirations; - 15 minutes
3. Jeff's expectations and views form the corporate center;-10 minutes
4. Adventis' approach, likely routes to partnership;-10 minutes
5. Next steps: JEFF, KEN and our team.- 10/15 minutes

During the second hour with Ken, we wish to address specific points on the
out come of the first meeting to define areas of focus for path forward:

1 Strategic and operational issues for short term value creation, and
long-term robust development of BBS as global player
2. Acceleration capacity at BBS to capture short range opportunities versus
outside assistance.
3. Likely ways we could engage with Enron for both short term and long-term
wins.
4. Time line for creating the upside.

I am sure Ken and Jeff, will have a lot to add. Please do let me know.

Dorothy, given the significant challenges and opportunities ahead for Enron
BBS, we will have four of our senior most partners with deep insights into
Broad band and ASPs/CSPs join the meeting. I will come the night before, if
possible to have dinner with Jeff and/or Ken. Please do let me know the
possibility.

Regards,

Partha Ghosh
617 421 9990 X475

 - att1.htm


8 Concerns Get Saudi Gas Project Role
The New York Times, 05/19/01

8 Western Firms Picked for Huge Saudi Gas Project
Los Angeles Times, 05/19/01

2 Houston-based companies win Saudi gas prize / Kingdom inviting 8 Western
firms back in
Houston Chronicle, 05/19/01

Utility withdraws offer of aid
Associated Press Newswires, 05/19/01

Racicot lobbying for energy giant Enron
Associated Press Newswires, 05/19/01

INDIA: SBI says Enron move not to hit lenders.
Reuters English News Service, 05/19/01

Enron threatens to stop electricity supply to Indian state
Associated Press Newswires, 05/19/01

Gas bonanza in Saudi for BP and Shell: Eight companies are given stakes in
pounds 15 billion bid to develop South Ghawar reserves
The Daily Telegraph, 05/19/01

Western oil companies invited back by Saudis
The Independent - London, 05/19/01

DPC issues PTN to MSEB, Deshmukh terms it as "improper step"
Press Trust of India Limited, 05/19/01

India's largest US investor Enron issues pull-out warning
Agence France-Presse, 05/19/01

Lenders to Dabhol to vote on termination notice
The Economic Times, 05/19/01

Business/Financial Desk; Section C
8 Concerns Get Saudi Gas Project Role
AP

05/19/2001
The New York Times
Page 2, Column 5
c. 2001 New York Times Company

DALLAS, May 18 -- The Exxon Mobil Corporation and Royal Dutch/Shell led a
group of eight oil companies that will take part in a $25 billion gas
development program in Saudi Arabia, the country's biggest opening of its oil
and gas industry to outsiders since the 1970's.
The Western companies will help Saudi Arabia convert its utilities, which now
burn oil, to natural gas. This would free more crude oil for export.
The other companies selected are BP P.L.C., TotalFinaElf S.A., Conoco Inc.,
the Phillips Petroleum Company, the Occidental Petroleum Corporation and the
Enron Corporation. Saudi Arabia's government-owned energy company, Saudi
Aramco, will be an equity owner in the projects.
Exxon Mobil, based in Irving, Tex., the world's largest publicly traded oil
company; Shell; BP; and Phillips were picked to participate in the biggest of
the projects, a $15 billion development in the South Ghawar region, according
to the official Saudi Press Agency. The lead company was not announced.
Exxon Mobil was also selected to lead a smaller Red Sea project that involves
Enron and Occidental. Exxon Mobil said the combined investment in both
projects would total $20 billion.
Shell, TotalFinaElf and Conoco will help develop gas at Shaybah in southeast
Saudi Arabia.

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

Business; Financial Desk
8 Western Firms Picked for Huge Saudi Gas Project
From Times Wire Services

05/19/2001
Los Angeles Times
Home Edition
C-2
Copyright 2001 / The Times Mirror Company

Exxon Mobil Corp. and Royal Dutch/Shell Group led a group of eight Western
companies named Friday that will take part in a $25-billion natural gas
development program in Saudi Arabia, the kingdom's biggest opening of its
energy industry to outsiders since the 1970s.
The companies, including Occidental Petroleum Corp. of Los Angeles, will help
Saudi Arabia convert oil-burning utilities to natural gas, which would free
up more of the kingdom's crude oil for export. The other companies selected
were BP of Britain, Total Fina Elf of France and American energy firms Conoco
Inc., Phillips Petroleum Co. and Enron Corp., the official Saudi news agency
said.
For Saudi Arabia, the program would create jobs and spur an economy saddled
with a 15% unemployment rate. For its business partners, the initiative
offers benefits in the short and long term. In particular, analysts noted,
the Western companies would have a lead should the kingdom open access to its
crude oil reserves, the world's largest.
"I don't think it's going to be spectacularly lucrative, but there are other
pressing reasons to be there," said Julian Lee, an analyst at the Center for
Global Energy Studies in London. "It's part of a long-term play by the oil
companies, [which] want ultimately to get access again to Saudi crude."
Saudi Arabia took over its oil fields in 1975 in the wake of tensions arising
from the Arab oil embargo against the West that began in 1973.
The awards announced Friday are the culmination of three years of talks and
lobbying by the companies with the Saudis, whose natural gas reserves are the
world's fifth-largest.
Shares of all five American companies rose in trading Friday on the New York
Stock Exchange. Exxon Mobil gained $1.47 to close at $90.20, Phillips rose
$1.65 to $67.52, and Enron added $2.70 to $54.90. Occidental rose 53 cents to
$31.08, and Conoco climbed $1.25 to $33.05, both 52-week highs.
*
Associated Press and Bloomberg News were used in compiling this report.

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

A
2 Houston-based companies win Saudi gas prize / Kingdom inviting 8 Western
firms back in
MICHAEL DAVIS
Staff

05/19/2001
Houston Chronicle
3 STAR
1
(Copyright 2001)

Conoco, Shell and Enron were among eight major energy companies that have won
a place in Saudi Arabia's coveted natural gas initiative, a sweeping $25
billion project to exploit the country's vast gas reserves.
Announced Friday, the project will be the first time in decades that foreign
oil companies will be allowed to be involved in exploration in the kingdom.
The project will produce huge amounts of natural gas, which the Saudis have
not historically used because their economy was built around oil exports.
This also represents an industrial development project on a gigantic scale.
In the past, Saudi Arabia has not had the capability to capitalize on its
natural gas reserves.
The gas initiative began two years ago when oil prices were just starting to
rebound and the kingdom was looking for new ways to expand its economy.
In addition to drilling for gas, the three ventures will also finance and
build industrial facilities such as power plants and water desalination
plants to use the gas. That is expected to create much needed jobs in the
country, which suffers from a high unemployment rate.
All of the companies vying for the Saudi projects have been tight- lipped
about their proposals and the negotiations, which have lasted two years. Even
after learning they were winners of this multibillion- dollar prize, the most
any company had to say was that it was pleased with the decision.
A formal signing of memoranda of understanding for the projects will take
place in the next few weeks.
Royal Dutch/Shell Group, Houston-based Conoco and Total Fina Elf were picked
for Saudi Arabia's Shaybah natural gas project, also known as Core Venture 3,
the official Saudi Press Agency reported.
Exxon Mobil Corp., Occidental Petroleum Corp. and Houston-based Enron Corp.
were chosen for the Red Sea project, or Core Venture 2, the agency said.
Exxon, Shell, BP and Phillips Petroleum Co. won the rights to the most
coveted project, Core Venture 1, the South Ghawar project, the largest of the
three.
There were three companies who just missed the cut. Chevron, Italy's ENI and
Houston-based Marathon Oil Corp. They had all made the kingdom's original
shortlist of 11 potential participants. Chevron had the oldest ties of any of
the companies, because it initially discovered oil in Saudi Arabia at the
Ghawar Field, the largest oil field in the world.
"I don't think the results were that surprising. Clearly the Saudis wanted to
go with the two largest integrated oil companies in the world," said Michael
Young, oil analyst with Gerard Klauer Mattison in New York. Chevron's
rejection "was a bit surprising given its history there," he said.
Core Ventures 1 and 2 could result in a total estimated industry investment
of more than $20 billion, according to an estimate provided by Exxon Mobil.
Core Venture 1 will expand Saudi Arabia's power, water desalination,
petrochemical and gas system. It will also provide for exploration and
development of the kingdom's gas resources in the Northern Rub' Al-Khali
region.
The project includes field production and gathering facilities, gas
processing and fractionation plants to recover and separate liquids from
existing and new gas production, gas and liquids pipelines and investment in
power, petrochemicals and water desalination.
Core Venture 2 includes development of discovered gas resources in northwest
Saudi Arabia, power and desalination facilities in that region and
exploration in the Northern Red Sea with the opportunity for additional
investment in chemicals, power and desalination facilities on the West Coast
depending on exploration success.
Exxon Mobil is the largest foreign investor in Saudi Arabia, with stakes in
two petrochemical and a refinery joint venture.
Exxon Mobil will be the lead operator on Core Venture 2. The company expects
a percentage return "in the mid- to high teens" from its investment, Chief
Executive Lee Raymond said in an interview with Bloomberg News. The
possibility this could allow the company to get back into Saudi oil fields
"was not a consideration," he said.
"The crown prince told me 2 1/2 years ago that this was a gas project, not an
oil project," Raymond said. "I've known him for a long time and I take him at
his word. It would be foolish to spend money now on these projects in the
hope of getting oil in 20 years."
Leaders for Core Ventures 1 and 2 were not revealed. The Saudi press agency
quoted Saudi Foreign Minister Saud al-Faisal as saying a ministerial
committee will announce that decision later.
Details about Core Venture 3, as well as estimated investment, were not
available.
Archie Dunham, Conoco's chairman, said at the company's annual meeting last
week that he would be "very disappointed," if Conoco was not named the lead
operator for Core Venture 3.
Conoco issued a statement saying it was pleased to be included in Core
Venture 3. Dunham said Conoco maintains a high interest in expanding its
presence in the Middle East beyond Dubai and its growing presence in Syria.
"We are prepared to quickly pursue other opportunities that fit our strategy
and capital discipline requirements," he said in the statement.
Alex Parsons, Enron spokesman in London, declined to comment on Enron's
participation in the project.
"We are unable at this stage to discuss our involvement because of commercial
confidentiality," Parsons said.

Mug: 1. Conoco exec Archie Dunham will be "disappointed" if his firm doesn't
have a lead role in deal (color); Map: 2. Locations of Saudi Arabia Core
Venture 1 and 2 (b/w, p. 19)

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

Utility withdraws offer of aid

05/19/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LAS VEGAS (AP) - Sierra Pacific Resources, the holding company for the
state's two largest electric utilities, has withdrawn its offer to contribute
$5 million to help low-income residents pay their power bills.
Sierra Pacific made that offer in January when it asked state regulators for
a record $311 million rate increase.
But now Sierra, the parent of Nevada Power Co., no longer sees a need for the
$5 million outlay, spokeswoman Sonya Headen said Friday.
Headen explained that Assembly Bill 349, sponsored by Las Vegas Democrat
David Goldwater, would provide funds to help low-income people pay their
bills.
But a state official was displeased with the utility company's about-face.
"The greed of this company never ceases to amaze me," said Tim Hay, state
consumer advocate.
Hay noted that the $311 million rate increase for Nevada Power and a sister
company in Reno, Sierra Pacific Power Co., set a new record. About two-thirds
of the $311 million was sought for Nevada Power.
To withdraw the $5 million offer, he said, "is totally inequitable and
irresponsible."
Hay compared the $5 million to $7.5 million that the company paid to Enron
Corp. of Houston to terminate Sierra's agreement to acquire Portland General
Electric of Oregon on April 26.
Had Sierra waited 10 days, the merger agreement would have terminated
automatically without any payment to Enron, Hay said.
"They can afford to do what they want to do (with Enron), but they're a
little too greedy to pay money to assist low-income ratepayers," Hay said.
Gov. Kenny Guinn budgeted $5 million to subsidize the bills of the poor for
one year, but it's possible that money won't be available.
Jack Finn, the governor's press secretary, said late Friday he didn't have
current information on the status of the $5 million budget item.
The governor has trimmed his budget since learning of anticipated state
revenue shortfalls.
Goldwater's bill passed the Assembly by a 28-11 vote, but the
Republican-dominated Senate has not yet acted on the measure. His bill
provides for a 40-cent assessment on the typical residents' power bill to
raise $10 million for subsidizing the utility bills of poor people and for
weatherizing their homes to cut energy consumption.

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

Racicot lobbying for energy giant Enron

05/19/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

HELENA (AP) - Former Gov. Marc Racicot is lobbying for Enron Corp. as part of
its effort to fight possible government controls on energy prices, The Wall
Street Journal reported.
Racicot was Montana's Republican governor from 1993 until January. Four years
ago he signed into law a bill for deregulation of the electric industry in
the state. He recently took a job in the Washington, D.C., office of
Bracewell & Patterson, a Texas law firm.
Racicot could not immediately be reached for comment Saturday about his work
on behalf of Enron. The Texas company is the nation's largest trader of gas
and electricity.
The Wall Street Journal reported Friday that the company has been lobbying
hard for open access to electricity transmission systems across the country,
as well as fighting any attempts to delay or roll back deregulation through
measures such as caps on energy prices.
Enron and eight other energy companies have pledged $50,000 each to pay for a
media and lobbying campaign countering anti-deregulation initiatives,
according to the newspaper.
States where deregulation is being reconsidered include Oregon. Lawmakers
there passed a deregulation law in 1999, and the Oregon Legislature now is
considering whether to repeal or delay the implementation.
Two weeks ago Racicot met with Oregon's governor, Democrat John Kitzhaber,
who supports caps on wholesale prices for electricity. The men talked about
"the energy situation in general in the West," said Bob Applegate,
Kitzhaber's press secretary.
Sky-high prices for power in the West have been blamed for a number of
cutbacks by industries unable to pay steep prices for electricity and still
make a profit.

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

INDIA: SBI says Enron move not to hit lenders.

05/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, May 19 (Reuters) - State Bank of India (SBI), , India's largest
commercial bank, on Saturday dispelled fears a preliminary notice by the
Indian unit of U.S. energy giant Enron Corp to cancel a contract to sell
power would affect the country's lenders.
"We are definitely concerned. But there is no reason to panic as there is an
arrangement to recover our loans," SBI chairman Janaki Ballabh, told Reuters.
On Saturday, Enron's Dabhol Power Company (DPC) moved closer to walking out
of its giant power plant in India by issuing a preliminary notice of
termination.
"After months of working with the Maharashtra State Electricity Board (MSEB),
and the governments of Maharahstra and India to find a solution, it is
apparent that they are unwilling to honour their offtake commitments for the
entire power station," a statement by DPC said.
The move immediately sparked concerns that Indian lenders, whose loans are
not covered by a federal government guarantee, would suffer the most.
Local banks have provided $1.4 billion of the total debt of around $2.0
billion for the 2,184 MW project covering two phases.
Ballabh said even if Enron walked out, lenders will not lose as their loans
are secured by the assets of the plant, which is nearing full completion.
"The project is more or less ready and running," he added.
Other Indian lenders to the project are Industrial Development Bank of India
, Industrial Finance Corporation of India , Canara Bank and ICICI Ltd .
Ballabh said Dabhol Power Company had only issued a preliminary notice and
has not actually walked out of the project.
"There is a procedure for dealing with this. There is a six months cooling
off period. We are hopeful that negotiations will resolve the issue," he
added.
($1=46.93 indian rupees).

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

Enron threatens to stop electricity supply to Indian state
By RAMOLA TALWAR BADAM
Associated Press Writer

05/19/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

BOMBAY, India (AP) - The Indian subsidiary of American energy giant Enron
Corp. on Saturday delivered a notice to a state-run utility that it would
stop supplying electricity if the latter continued to default on payments.
"After months of working with Maharashtra State Electricity Board, the
government of Maharashtra state and the government of India to find
solutions, it is apparent that (they) are unwilling to honor their offtake
commitments," company spokesman Jimmy Mogul said in a statement.
Mogul, however, added: "We are still open to constructive discussion of
solutions."
Enron Corp.'s dlrs 3 billion power project in western India is the largest
foreign investment in India.
The dispute centers on the state-run utility's stand that the outstanding
December and January bills should be offset against a fine of 4 billion
rupees (dlrs 85.31 million) it imposed on Enron for non-supply of power
during that period.
Enron does not accept the fine imposed by the Maharashtra State Electricity
Board and demands that the state utility pay dlrs 48 million in electricity
bills for December and January.
A six-month reconciliation period will now follow.
Maharashtra state Chief Minister Vilasrao Deshmukh criticized Enron's threat
to cut off electricity to the state-run utility and offered to resolve the
issue through talks.
"There should be a right kind of atmosphere to talks. The MSEB has fulfilled
all its contractual obligations. We are not defaulters as we have cleared all
Enron dues," Deshmukh told reporters in Bombay.
Maharashtra state has been complaining about the high cost of power from
Enron. The price of electricity has almost quadrupled from the 1.8 rupees
(four cents) per unit agreed upon six years ago to 7 rupees (15 cents) now.
Enron has a 65 percent stake in Dabhol Power Corporation and is the project's
largest shareholder. Other shareholders include the Maharashtra State
Electricity Board with 15 percent and General Electric Co. and Bechtel
Enterprises with 10 percent each.
"We have continued to meet our contractual obligations, including enforcing
our rights under contracts and taking various disputes to dispute resolution
process. This will continue," Mogul of Dabhol Power Corporation said in a
statement.
(rtb, aks/ss)

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

Gas bonanza in Saudi for BP and Shell: Eight companies are given stakes in
pounds 15 billion bid to develop South Ghawar reserves
Sophie Barker

05/19/2001
The Daily Telegraph
Copyright (C) 2001 The Daily Telegraph; Source: World Reporter (TM)

BP AND Shell were among eight oil giants chosen by Saudi Arabia yesterday to
begin developing its multi-billion-dollar gas reserves - the biggest
opportunity for foreign investment in the Kingdom since the 1980s.
Both London-listed companies are members of the consortium chosen to develop
the centrepiece of the initial $25 billion scheme, the $15 billion South
Ghawar development, said Saudi Arabian foreign minister Prince Saud al-Faisal.
Sir John Browne, BP chief executive, said he "looked forward to working
closely with the Kingdom in a long-term partnership".
The western oil majors are banking on the three gas projects providing a
foothold for larger and more lucrative oil and gas developments.
Exxon Mobil, the world's largest oil company, and America's Phillips
Petroleum were also given stakes in the South Ghawar project. Saudi Arabia
has yet to decide which of the four will lead the scheme.
Of the two smaller gas projects on offer, Shell was named as one of the
partners in the Shaybah development in the empty quarter of south-eastern
Saudi Arabia, alongside France's TotalFinaElf and America's Conoco.
Exxon Mobil secured the leading role in the third project, on the Red Sea
coast, while two fellow United States oil giants, Enron and Occidental, were
named as partners.
Prince Saud said a ministerial committee would decide which companies would
lead the South Ghawar and Shaybah developments later, although industry
sources speculated that Exxon Mobil and Shell would win the biggest roles.
Three shortlisted companies, the Italian group ENI and Chevron and Marathon
of the US, did not win shares in the projects, although Prince Saud said he
hoped they would have further opportunities.
Oil companies have spent the last two years competing to develop the three
gas projects, as a first step towards taking part in future Saudi Arabian oil
and gas developments.
As the world's largest oil producer, with the fifth-largest gas reserves,
Saudi Arabia is keen to develop its gas reserves for its own domestic use as
an alternative to oil.
Output from the three projects will be for internal consumption only, helping
to plug the growing gap between Saudi Arabia's electricity demand and its
generation capacity, which will have to treble to 70,000 megawatts by 2020.
The eight western companies will sign a formal memorandum of understanding
with Saudi Arabia soon. Although the structure of the contracts is not known,
the state-owned oil company Saudi Aramco is expected to control the projects,
with 100pc of the equity but none of the costs.
Analysts described the three gas projects as a gamble that Saudi Arabia would
reopen its crude oil fields to western companies. They warned that the gas
projects would not be commercially viable at present oil prices.
One said: "They have all pitched quite aggressively because they think this
is a precursor to a longer-term end game. But in the meantime, with a 15pc
return on investment, it only becomes attractive with an oil price of $10 a
barrel."
London's benchmark Brent crude oil contract soared to a four-month high of
$28.95 a barrel yesterday on fresh fears of tight gasoline supplies in the
United States. BP and Shell shares rose 10 1/2 and 15 to 625p and 615p
respectively.

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

Business
Western oil companies invited back by Saudis
Saeed Shah

05/19/2001
The Independent - London
FOREIGN
19
(Copyright 2001 Independent Newspapers (UK) Limited)

WESTERN ENERGY companies, expelled from Saudi Arabia in the 1970s, were
yesterday invited back to take part in a $25bn (pounds 17.5bn) gas
exploration and production programme.
In the first opportunity to participate in upstream Saudi projects for 25
years, several of the world's major energy companies were awarded roles in
three big schemes on offer. Exxon, Shell, BP and Phillips were given stakes
in the biggest of the projects, the $15bn development in South Ghawar, known
as core venture one. Exxon also secured the leading role in core venture two,
on the Red Sea coast, with Enron and Occidental taking smaller shares. Shell,
TotalFinaElf and Conoco won stakes in core venture three, for gas development
at Shaybah in the Empty Quarter of south-east Saudi Arabia.
Sir John Browne, chief executive of BP, said: "We are delighted to have been
selected for a very significant project for both BP and Saudi Arabia and look
forward to working closely with the kingdom in a long- term partnership."
During the 1970s and early 1980s, the Saudi oil industry was transformed from
one controlled by the US majors - Chevron, Mobil, Texaco and Exxon, through
their ownership of the local operator, Aramco - into a government- owned
business. Aramco became Saudi Aramco, with decisions taken directly by the
royal family.
Yesterday, some of these same companies were asked back, but there is no
suggestion that oil will again be opened up to foreigners soon. The main
loser is Chevron, an investor in Saudi petrochemicals, which failed to gain
stake in any of the three new developments. Texaco, in the throes of a merger
with Chevron, withdrew in January.
The agreement relates solely to gas, which has been overlooked and
underexplored in a country whose economy is dominated by its massive oil
reserves. A formal signing of memorandums of understanding will take place in
the next few weeks.
Manouchehr Takin, of London's Centre of Global Energy Studies, said the
liberalisation move would have met opposition from elements in the Saudi
government, as well as Saudi Aramco, which wanted to exploit gas itself:
"There are people in government who were in favour of foreign companies, to
break the [Saudi Aramco] monopoly, providing a comparator, investment and
know-how. Governments across the world have realised that national companies
have management and efficiency shortcomings."
Saudi Crown Prince Abdullah initially invited major oil companies to return
to the kingdom in October 1998, at a time of low oil prices. To the surprise
of some, the country has stuck by the policy, even through the current oil
price boom. Saudi gas is reckoned to be at least the fourth- largest reserve
in the world.

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

DPC issues PTN to MSEB, Deshmukh terms it as "improper step"

05/19/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.

Mumbai, May 19 (PTI) The curtain finally seems to be falling over the western
Indian state of Maharashtra's most controversial and ambitious 2,184 mw power
project with Enron's Dabhol Power Company (DPC) issuing a preliminary
termination notice (PTN) to its partner, Maharashtra State Electricity Board
(MSEB).
After six months of allegations and counter allegations of non-adherence and
violation of the Power Purchase Agreement (PPA) of the USD three billion
project in Dabhol, DPC's move did not much surprise the state government, but
chief minister of Maharashtra Vilasrao Deshmukh termed the decision as an
"improper step".
"It is not proper to issue a PTN when the renegotiations aimed at bringing
down the power tariff are on", he said adding that legal advise would be
taken to decide upon the future course for solving the Enron imbroglio.
Deshmukh said "exorbitant power tariff" was the only core issue and it could
be resolved through discussions alone.
On the other hand, in a faxed statement DPC said "it had no choice but to
issue the PTN, given MSEB, state and federal government's failure to meet
their contractual obligations".
"Even though it was necessary to take this step, DPC is still open to
constructive discussions on the solutions", the US energy major said.
DPC alleged that "it was apparent that MSEB and the state are unwilling to
honour their offtake commitments for the entire power station".
Many state government officials termed the development as a "hasty decision"
as the state government appointed Godbole Rengotiations panel had already
commenced talks with DPC.
Interestingly, DPC continues to maintain that its May 11 meeting with the
panel was a mere "courtesy call".
In its statement, it categorically stated that MSEB, the federal Government
and state (Maharashtra) should come up with a specific proposal for
purchasing DPC's power, "which will form the basis for future discussions,
and not the Godbole committee report"
DPC is also upset with the federal government over the absence of the
latter's nominee at the May 11 meeting. "Although this date was known several
days in advance, federal government did not even bother to send their
representative", it said.
Last week, federal Power Minister Suresh Prabhu had said India's National
Thermal Power Corporation would not buy DPC's "costly" power.
The officials regard the above statement as "mere passing the buck tactic"
and have been doubting the federal government's intentions over sharing
Maharashtra's problems.
Meanwhile, the most taken aback due to DPC's sudden decision are the Indian
financial institutions, whose exposure in the entire project runs to more
than Rs 70 billion, as they have signed the counter-guarantee payable to
their foreign counterparts in case of default by DPC.
Terming the move as "a hurried decision", the FIs said the inevitable has
happened and DPC has gone ahead despite the London meeting"
The Enron Virodhi Andolan (Anti Enron Movement) welcomed the move, saying "we
see a beginning to the end of Enron crisis" and Janata Dal (Secular) demanded
scrapping of the project.
(THROUGH ASIA PULSE) 19-05 2001

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

India's largest US investor Enron issues pull-out warning

05/19/2001
Agence France-Presse
(Copyright 2001)

NEW DELHI, May 19 (AFP) - US-based Enron Power Corp's Dabhol Power Company on
Saturday issued a warning notice threatening to terminate an electricity
supply contract with India's Maharashtra state.
The "preliminarly termination notice" effectively gives six months to the
state to sort out disputes over a power purchase pact with US-based Enron
Corp., that has become mired in controversy.
The Enron-backed Dabhol Power Co. (DPC) is building a three- billion-dollar
two-part power plant in the western state -- the single largest US investment
project in India.
"Dabhol Power Company has issued a preliminary termination notice under the
Power Purchase Agreement (PPA)," a company statement said.
"This initiates the process of terminating the PPA with Maharashtra State
Electricity Board (MSEB).
"After months of working with the MSEB, the Government of Maharashtra state
and Government of India to find solutions, it is apparent that MSEB and
Government of Maharashtra are unwilling to honour their offtake commitments
for the entire power station."
The power station is being erected at the port town of Dabhol, 200 kilometres
(125 miles) south of the state capital, Bombay.
Payments for electricity have been guaranteed by the state and federal
governments.
Part one of the plant began generating power in May 1999, but the project has
run into snags, with the Maharashtra state government arguing it could not
afford the high electricity bills.
The state and federal governments last month decided to set up a panel to
renegotiate the power purchase agreement.
"We have continued to meet our contractual obligations, including enforcing
our rights under contracts and taking various disputes to the dispute
resolution process," the company said Saturday.
Early in April, DPC served the state electricity board a notice of political
"force majeure", which is a legal manoeuvre that enables a party to break a
contract in the case of events beyond its control.
The Dabhol project has had a turbulent ride since intial contracts were
signed in 1992.
Allegations of corruption and high costs led to the scrapping of the contract
in 1995, but it was re-negotiated the same year.
In February a state government panel recommended fresh re- negotiations to
bring down the tariffs and charged Enron with inflating costs.
bm/kma

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

Lenders to Dabhol to vote on termination notice
Our Bureau

05/19/2001
The Economic Times
Copyright (C) 2001 The Economic Times; Source: World Reporter (TM)

MUMBAI
INSTITUTIONAL lenders to the Dabhol Power Company on Friday agreed that the
final decision on the issue of a pre-termination notice would be taken
through a vote in writing instead of a voice vote as earlier planned.
A written vote would enable representatives to decide after taking up the
issue with their respective headquarters, but would delay the results until
next Tuesday.
The Indian and foreign lenders on Friday attended a conference call with US
energy major Enron, the promoters of Dabhol Power Company, on whether the
company should issue a PTN to the Maharashtra State Electricity Board.
Sources said the meeting was attended by the lenders to Phases I and II of
project. "Discussion over the conference call continued for three successive
days, and, finally, it was decided that each lender will express its decision
in writing after careful deliberation," said sources.
The lenders to the 2,144-mw power company are divided on the issue and unless
the majority of the lenders agrees, DPC cannot go ahead with issuing a PTN to
MSEB. Enron is keen on issuing PTN to MSEB following defaults in payments for
a number of months.
Although Indian lenders are a majority both in terms of funded amount and
number or participants, the voting rights are so framed that the rights of
each investor is protected and that large lenders do not end up dominating
the voting proceedings.
Indian lenders to the project are firm on the view that DPC should not issue
a PTN to MSEB considering that the government has set up the Godbole
Committee to renegotiate the deal. The Godbole panel is due to meet next on
May 23. Enron officials will also be present in the meeting.

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


---------------------- Forwarded by Tana Jones/HOU/ECT on 12/17/99 09:05 AM
---------------------------

Molly Harris
12/16/99 05:14 PM
To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT
cc: Bob Shults/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Brian
Hunter-Lindsay/LON/ECT@ECT, Ian Sloman/LON/ECT@ECT, Coenraad
Basson/LON/ECT@ECT, Bhautik Patel/LON/ECT@ECT, David Hardy/LON/ECT@ECT, David
Weekes/LON/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT
Subject: EOL Credit Responses 12/16

Please find attached Credit's EOL responses for 12/16.

Regards
Molly


you got to be 100% to go out


FYI.  There might be some back office issues with this.
---------------------- Forwarded by Eric Bass/HOU/ECT on 03/20/2000 07:57 AM
---------------------------

Dale Neuner on 03/16/2000 04:25:45 PM
To: Eric Bass/HOU/ECT@ECT
cc:
Subject: 5 x 24 transactions

My peice of this, the language component, is easy to do. The trouble comes in
with logistics. We need to check with the Sitara Group to see if this is
feasible. In the OTC world it's a lay-up because you can enter the different
legs into the system and skip the weekends. The issue re: doing this on EOL
is the ability of the system NOT TO NOMINATE on certain dates.

Scott Mills is out on vacation until Monday and he's the man I have to see. I
will follow up with him next week.

Dale
3-9746


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Daily Energy Letter
http://www.carrfut.com/research/Energy1/Energy-Letter1-14-02.pdf


We are off to the UK in a couple of days so we'll come and see you when you get back.
--------------------------
Sent from my BlackBerry Wireless Handheld


Mr. Kaplan -

Mr. Lay would like to title his speech "Energy and Climate Realism in a
Political World"  . We look forward to receiving additional information.

Thanks.

Rosalee

"Marshall Kaplan" <mkaplan@carbon.cudenver.edu> on 04/03/2001 10:23:30 AM
To: <klay@enron.com>
cc:
Subject:

Kenneth Lay
Chairman, Enron

from

Marshall Kaplan

Western State Power Forum: May 22 and May 23

Plans are proceeding nicely for the Western State Forum on May 22 and May
23.  We have an outstanding group of confirmed speakers and panelists
including many individuals that I assume you know as colleagues and friends.
I will be sending you more information on the Forum in the next few days. I
am going to send you the preliminary agenda  this morning.

You will be speaking at a critical time in the Forum; that is, just after
panels on power problems and polices and just before the final session
linking power and energy strategies to environmental objectives. It would be
great if your talk to the participants in the Forum could help them see the
relationship between power and energy related objectives and environmental
issues including GHG emissions. You should feel free however to focus your
talk in a manner of your choosing. Again, I will send you the prelim. agenda
soon.  Could you send me a title however for the final agenda's purposes?
We hope to print the final agenda later this week.    Thank you.

Marshall Kaplan, Executive Director
Institute for Policy Implementation
University of Colorado at Denver
1445 Market Street, Suite 350
Denver, Colorado 80202
tel: 303-820-5602   fax: 303-534-8774
email:  mkaplan@carbon.cudenver.edu


FYI.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 07/05/2000 01:24
PM ---------------------------

	From:  Benjamin Thomason @ ECT                           05/26/2000 02:12 PM

To: Christopher F Calger/PDX/ECT@ECT, David Parquet/SF/ECT@ECT, Jake
Thomas/HOU/ECT@ECT, Ed Clark/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT, Dean
Russell/SF/ECT@ECT, David Kates/SF/ECT@ECT, Michael McDonald/SF/ECT@ECT,
Laird Dyer/SF/ECT@ECT, Samuel Wehn/HOU/ECT@ECT, Rob Bakondy/SF/ECT@ECT, Mark
Fillinger/HOU/EES@EES, Janet R Dietrich/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT,
Mike J Miller/HOU/ECT@ECT, Laura Luce/HOU/ECT@ECT, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brett R Wiggs/SA/Enron@Enron,
Tammy R Shepperd/HOU/ECT@ECT, Cassandra
Schultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jody Pierce/HOU/ECT@ECT, Dan
Badger/LON/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Roger Ondreko/HOU/ECT@ECT,
David Leboe/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Andrew
Kelemen/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron,
Lisa Bills/Corp/Enron@ENRON, Carl Tricoli/Corp/Enron@Enron, Thomas M
Suffield/Corp/Enron@ENRON, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Fred L
Kelly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dick
Westfahl/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan
Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Benjamin Thomason/HOU/ECT@ECT,
Ron Coker/Corp/Enron@Enron
cc:

Subject: Master Turbine List

Attached is a master turbine list compiled by CTG of Enron North America.  We
have created this list by compiling information from various developers, and
from accounting and legal groups.  We will be circulating this list monthly.
Please notify us of any needed updates or changes to the master turbine list
as well as changes to the circulation list.

Thank you,

Ben Thomason

CTG Contacts:
Ron Coker  (713) 345-8992
Ben Thomason (713) 345-8802


The report named: Enron Americas Position Report <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=102&report_name=Enron+Americas+Position+Report&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=11/07/2001>, published as of 11/07/2001 is now available for viewing on the website.

Publisher's Notes:

FINAL


Tana -

The password app. and letter agreement are both on Leslie's drive.  Can you
finalize them and get them to Ms. Guzman?

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 04/26/2001 06:04 PM -----

	Raquel Guzman <Raquel.Guzman@pgworks.com>
	04/26/2001 10:47 AM

		 To: "'Mark.Greenberg@enron.com'" <Mark.Greenberg@enron.com>
		 cc: Ben Moroz <Ben.Moroz@pgworks.com>
		 Subject: RE: FW: Letter Agreement re EnronOnline ETA

Thanks Mark.  They look OK.  I think Enron needs to send them to us, because
the sideletter to the Electronic Trading Agreement ("ETA") needs to be on
Enron letterhead (see attached).  If it is acceptable to you, please send
the Password App, ETA, and Side Letter to my attention at:

Raquel N. Guzman
Philadelphia Gas Works
Legal Department
Philadelphia, PA  19122

Thanks for your help on this one.

-----Original Message-----
From: Mark.Greenberg@enron.com [mailto:Mark.Greenberg@enron.com]
Sent: Thursday, April 26, 2001 9:33 AM
To: Raquel Guzman
Cc: Tana.Jones@enron.com
Subject: Re: FW: Letter Agreement re EnronOnline ETA

Raquel -

The attached two documents are the ones in Leslie's file for this matter.
If these are acceptable to PG, please let me know and have hard copies
forwarded.

(See attached file: Philadelphia Gas Works.doc)      (See attached file:
Philadelphia Gas Password.doc)

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com

                    Raquel Guzman

                    <Raquel.Guzman@pg        To:
"'mark.greenberg@enron.com'"
                    works.com>               <mark.greenberg@enron.com>

                                             cc:

                    04/25/2001 04:07         Subject:     FW: Letter
Agreement re EnronOnline
                    PM                       ETA

Mark:  Thanks for looking into this.  I will pass on the good news to my
folks.

-----Original Message-----
From: Leslie.Hansen@enron.com [mailto:Leslie.Hansen@enron.com]
Sent: Thursday, September 14, 2000 11:03 AM
To: Raquel.Guzman@pgworks.com
Subject: RE: Letter Agreement re EnronOnline ETA

Raquel:

Please see my proposed revisions to the Password App.  Let me know if this
addresses your concerns.  If so, please provide me with the full name of PG
Works, as well as the mailing address and recipient for the side letter so
that I can finalize.

Regards,

Leslie

(See attached file: Philadelphia Gas Password.doc)

                    Raquel Guzman

                    <Raquel.Guzman@pg        To:
"'Leslie.Hansen@enron.com'" <Leslie.Hansen@enron.com>
                    works.com>               cc:

                                             Subject:     RE: Letter
Agreement re EnronOnline ETA
                    09/14/2000 09:16

                    AM

Leslie:  Thanks.  My only comment is that your suggested language should
also apply to Condition (2), second paragraph, of the "Enron Online
Password
Application." Please let me know if you concur.  Thanks.

     ----------
     From:  Leslie.Hansen@enron.com [SMTP:Leslie.Hansen@enron.com]
     Sent:  Wednesday, September 13, 2000 2:43 PM
     To:  raquel.guzman@pgworks.com
     Subject:  Letter Agreement re EnronOnline ETA

     Raquel:

     Attached please find the letter agreement amending Section 4(b) of
the
     EnronOnline Electronic Trading Agreement as per our discussion.
Please let
     me know if you have any questions or comments.

     Regards,

     Leslie Hansen
     (713) 853-6121

     (See attached file: Philadelphia Gas Works.doc)<<File: Philadelphia
Gas Works.doc>>

(See attached file: Philadelphia Gas Password.doc)


Here is a report on the deposition of Ed McNamara of Cravath, Swaine & Moore.

 <<depsum11.16>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - depsum11.16


Mike confirmed with Amerex that this deal was done on the 14th. They're going
to change it.

Stephanie Piwetz   11/17/2000 08:31 AM

To: Kate Symes/PDX/ECT@ECT, Carla Hoffman/PDX/ECT@ECT
cc:

Subject: Deal 458618.01

Swerzbin

Enron Buys SCEM
Mid C
Dec 2000
off peak 25mws
100.00

we have it in our system as 11/14/00
amerex has this trade in the web checkout done on 11/15/00

what day was this trade actually done, wanted to email you first then before
I check with bro.
thanks


Start Date: 4/10/01; HourAhead hour: 12;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041012.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 12 / Preferred:  24.00 / Final:  23.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM


I've RSVP'd for you.


Please see attached report on the Plan of Reorganization:


Market Participants:

Please assure that this Notification is forwarded to your respective
Operating Departments ---

Notification of Operating Procedure Update

*	The following new or revised ISO Operating Procedures have been
implemented and are posted for reference on the ISO Website.

ISO Operating Procedure posted:  M-402 Ancillary Service Procurement
Procedure
Version: 3.2
Effective Date: 1/8/02
Procedure Purpose: This procedure sets forth the actions to be undertaken by
ISO Grid Resource Coordinators (GRC) and Real-Time (RT) operations personnel
to manage the procurement of Ancillary Services (A/S).
Changes / Reasons: Modified procedure to reflect automatic update for Outage
Scheduler.

*	Please find them at
http://www1.caiso.com/thegrid/operations/opsdoc/index.html under the
appropriate Operating Procedure section heading.

Please e-mail any comments or questions to the 'Procedure Control Desk'
mailbox [mailto:procctrldesk@caiso.com] and we will respond as soon as
possible.

Thank you!

California ISO Procedure Control Desk

Client Relations Communications.0921
CRCommunications@caiso.com


Group,

We are long on Sunday.  15 mws for HE 12-20 at NP15 in PGE3 at $25.  I made the deals as DA schedules in CAPS.  I have made the purchase from the APX and the sale to imbalance (#685979, #685978).

We are long on Monday.  Shaped schedule.  Price of $35.

	HE 10:	35
	HE 11:	30
	HE 12:	25
	HE 13-17: 15
	HE 18: 10
	HE 19-21: 15

I have made the purchase from APX and the sale to the imbalance in Enpower (#685980,685981).
Schedules are in CAPS under ST-WBOM.  Templates have been submitted Day ahead.

Please make real-time purchases from the Calimbalance and corresponding sales under ST-WBOM in Enpower during real time.

Please call me with questions. 503-887-3449

Thanks,
Bill


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/10/2000
04:24 PM ---------------------------
From: Michele Nezi Marvin@ENRON COMMUNICATIONS on 10/10/2000 01:08 PM
To: Kristin Gandy/NA/Enron@ENRON
cc: Evan Betzer/Enron Communications@Enron Communications, Jeffrey A
Shankman/HOU/ECT@ECT@ENRON, John L Nowlan/HOU/ECT@ECT@ENRON, Jordan
Mintz/HOU/ECT@ECT@ENRON, Kyu-Bong Lee/NA/Enron@Enron, Li Sun/NA/Enron@Enron,
Rodney Malcolm/HOU/ECT@ECT@ENRON, Sarah Wesner/Corp/Enron@Enron, Sean A
Holmes/HOU/EES@EES@ENRON, Teresa Dyar/NA/Enron@Enron, Alyse
Herasimchuk/NA/Enron@ENRON
Subject: Re: Wharton resume list

Here are my selections.  We will be interviewing 60 candidates in the first
round of interviews, so you can actually select more than 10-12 candidates to
put on the closed list.  Also, I've attached  2 resumes from students who
have been corresponding with me since the presentation.  Both are interested
in Associate positions, but for some reason were not included in the resume
book.

Michele Nezi Marvin
Manager
Enron Broadband Services
(713)853-6848

	Kristin Gandy@ENRON
	10/05/00 06:44 PM

		 To: Jeffrey A Shankman/HOU/ECT@ECT, Evan Betzer/Enron Communications@Enron
Communications, Sean A Holmes/HOU/EES@EES, Michele Nezi Marvin/Enron
Communications@Enron Communications, Sarah Wesner/Corp/Enron@Enron, Jordan
Mintz/HOU/ECT@ECT, Rodney Malcolm/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Li
Sun/NA/Enron@Enron, Teresa Dyar/NA/Enron@Enron, Kyu-Bong Lee/NA/Enron@Enron
		 cc:
		 Subject: Wharton resume list

Resume books are being distributed tomorrow morning and should arrive at your
EB location later in the day.  Please review the resumes and select 10-12
candidates you believe should be on the closed list.  I need your selections
no later than Wednesday October 11th because the closed list is due in the
Career Management office the following day.  Send your selections via email
and carbon copy my coordinator Alyse Herasimchuk.  Thank you for your
participation and I look forward to another successful recruiting season at
Wharton.

If you have any questions feel free to call me at extension 53214.

Kristin Gandy


FYI.  Please keep confidential until further notice.  Important to note that
this was delivered with the understanding that NO ONE has agreed to the
specific language.  It was a quick turn around (at Hertzberg's request) to
get the original, negotiated agreement into Legislative language (i.e.,
Martian) as soon as possible so that Hertzberg could try to move on it in the
Legislature as soon as possible.

In addition, the Commission is likely to come out with its proposed "rate
agreement" sometime this week, and is likely to release DWR's "revenue
requirement" next week.  I heard from the Gov's financial advisor that Edison
and DWR EACH want 2 cents out of the PUC's recent 3 cent rate increase.  It's
going to get very interesting from here.

Best,
Jeff

----- Forwarded by Jeff Dasovich/NA/Enron on 07/10/2001 04:11 PM -----

	"Simpson, Rick" <Rick.Simpson@asm.ca.gov>
	07/10/2001 04:12 PM

		 To: "'dhunter@s-k-w.com'" <dhunter@s-k-w.com>, "Simpson, Rick"
<Rick.Simpson@asm.ca.gov>
		 cc: "'Barbara Barkovich (E-mail)'" <brbarkovich@earthlink.net>, "'Dominic
DiMare (E-mail)'" <dominic.DiMare@calchamber.com>, "'Dorothy Rothrock
(E-mail)'" <drothrock@cmta.net>, "'John Fielder (E-mail)'"
<fieldejr@sce.com>, Gary.Schoonyan@sce.com, "'Phil Isenberg (E-mail)'"
<isenberg@hmot.com>, "'Jeff Dasovich (E-mail)'" <jdasovic@enron.com>, "'Keith
McCrea (E-mail)'" <kmccrea@sablaw.com>, "'Linda Sherif (E-mail)'"
<lys@a-klaw.com>, "'Linda Sherif (E-mail 2)'" <lysherif@yahoo.com>, "'John
White (E-mail)'" <vjw@cleanpower.org>, Ann.Cohn@sce.com, "Mike Kahl (E-mail)"
<mikahl@ka-pow.com>
		 Subject: RE: Final Legislative Language

You all are awesome.  Many thanks.

-----Original Message-----
From: Delaney Hunter [mailto:dhunter@s-k-w.com]
Sent: Tuesday, July 10, 2001 1:56 PM
To: Rick.Simpson@asm.ca.gov
Cc: 'Barbara Barkovich (E-mail)'; 'Dominic DiMare (E-mail)'; 'Dorothy
Rothrock (E-mail)'; 'John Fielder (E-mail)'; Gary.Schoonyan@sce.com;
'Phil Isenberg (E-mail)'; 'Jeff Dasovich (E-mail)'; 'Keith McCrea
(E-mail)'; 'Linda Sherif (E-mail)'; 'Linda Sherif (E-mail 2)'; 'John
White (E-mail)'; Ann.Cohn@sce.com; Mike Kahl (E-mail)
Subject: Final Legislative Language

Rick-
Attached please find our final draft of legislative language per your
request. We are ready and willing to draft other sections or language as
needed by you or the Speaker. Please feel free to contact me if you have any
questions about the draft. Please note there are disagreements over two
sections of language and they are so marked.

FYI - I will be sending this document out to the entire Working Group for
their information.

Thank you,
Delaney

 - FINAL Legislative Language.doc


Start Date: 4/11/01; HourAhead hour: 24;  HourAhead schedule download failed.
Manual intervention required.


(See attached file: The Day Ahead US_May 15.pdf)

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com
 - The Day Ahead US_May 15.pdf


Must be nice to be a Wall Street executive

"Frank F. Zerilli" <fzerilli@optonline.net> on 08/23/2000 10:11:35 PM
To: jarnold@enron.com
cc:
Subject: Vacation

John,

I will be out of the office vacationing up in Martha's Vineyard with the
family through Labor Day.  Good Luck with Debby...talk to you in Sep.


GRS' ElectricGasOil Alert

June 21, 2000

ELECTRIC / HYDRO REPORT

Entergy Services, Inc., ER00-2854-000 (6/15/00) -- Section 205 application on
behalf of the Entergy Operating Companies submitting amendments to the System
Agreement between ESI and the Operating Companies to facilitate the
introduction of retail competition in Arkansas and Texas and to provide for
continued rough equalization of costs among the Operating Companies in
Louisiana and Mississippi.

Consumers Energy Company, EC00-103-000, ER00-2869-000 (6/16/00) -- Section
203 and 205 applications for approval of an alternative governance structure
for the Alliance Regional Transmission Organization.

El Paso Electric Company, El Paso Electric Generating Company and El Paso
Transmission and Distribution Company, EC00-104-000, ER00-2870-000,
ES00-46-000 (6/16/00) -- Section 203 and 204 applications to effectuate a
corporate restructuring required by electric industry restructuring in Texas
and New Mexico.  Includes two wholesale power contracts between EPE Genco and
T&D Utility to enable T&D utility to provide bundled electric service to
EPE's current retail customers pending the implementation of retail customer
choice.

PJM Interconnection, L.L.C., EL00-85-000, ES00-47-000; Atlantic City Electric
Company, et al., EC00-105-000 (6/19/00) --  Petition for declaratory order
requesting that the Commission find that PJM may recover from its customers,
through formula rates, the costs to acquire from the PJM transmission owners
the information technology and other assets PJM uses to conduct its
operations.  Companion filings include a Section 203 application for the
transfer of the assets from their current owners to PJM and a Section 204
application to obtain the financing needed by PJM to acquire the assets.

NATURAL GAS / OIL Report:

Chevron Pipe Line Company, OR00-6-000 (6/13/00) -- Application for authority
to charge market-based rates for deliveries of petroleum products on CPL's
two pipelines originating in El Paso, Texas for deliveries to Belen and
Albuquerque, New Mexico on the Albuquerque Products System and to Juarez,
Mexico by means of the Juarez Line.

Order No. 637 Compliance Filings -- On June 15, 2000, the following companies
submitted tariff filings in compliance with Order No. 637:

Algonquin Gas Transmission, RP00-331-000
Algonquin LNG, Inc., RP00-328-000
ANR Pipeline Company, RP00-332-000
ANR Storage Company, RP00-323-000
Arkansas Western Pipeline Company, LLC, RP00-339-000
Black Marlin Pipeline Company, RP00-335-000, RP00-353-000
Blue Lake Gas Storage Company, RP00-324-000
Canyon Creek Compression Company, RP00-347-000, RP00-348-000
Chandeleur Pipe Line Company, RP00-320-000
Colorado Interstate Gas Company, RP00-325-000
Columbia Gas Transmission Corp., RP00-327-000
Columbia Gulf Transmission Company, RP00-326-000
Crossroads Pipeline Company, RP00-333-000
Dauphin Island Gathering Partnership, RP00-330-000
Destin Pipeline Company, LLC, RP00-321-000
Discovery Gas Transmission, LLC, RP00-319-000
Dominion Transmission, Inc. (formerly CNG Transmission Corp.), RP00-344-000
Egan Hub Partners, L.P., RP00-341-000
El Paso Natural Gas Company, RP00-336-000
Garden Banks Gas Pipeline, LLC, RP00-322-000
Great Lakes Gas Transmission, L.P., RP00-329-000
Kinder Morgan Interstate Gas Transmission, LLC, RP00-343-000
Kansas Pipeline Company, RP00-318-000
Kern River Gas Transmission Company, RP00-337-000
KN Wattenberg Transmission L.L.C., RP00-334-000, RP00-345-000
Koch Gateway Pipeline Company, RP00-340-000
MIGC, RP00-342-000
Mojave Pipeline Company, RP00-338-000
Mississippi Canyon Gas Pipeline, LLC, RP00-317-000

[To request a copy of any of the above listed  filings, please call
202-255-4771 or toll-free, 1-877-544-4771; or e-mail rgadsden@grsenergy.com]

-------------------------------------------------------------------------
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 - att1.htm
 - grs2logo.bmp


Hey Errol,

Just trying to get a handle on who's left in your group - can you just
shoot me a quick list so I know who to call on your side....

We're left with:

Patrick Mulvany
Jean Bell
Jason Fischer
Todd Delahoussaye
Diane Anderson

on the financial side.

We haven't yet figured out who's doing what - especially on the
brokered stuff, since both my broker checkout people got let go.....
but...we'll figure something out.

Talk to you later,
Diane


Michael:
Just wanted to let you know that I just talked to Don Miller, the lead guy
from our side, regarding a different matter, but he mentioned to me that
things seemed to be not going so well in the PSA discussions.  I didn't have
time to see what the issues were, but I will when he calls back.  As you
already know, these assets are yours to lose and I would hate to see you guys
lose these assets to legal issues.  I know we both can come to some middle
ground before people lose their patience.  My only advice, for what its
worth, is to keep talking with Delainey and to make sure the lawyers don't
run away with the issues and forget whats at stake on the commercial side.
Hope this helps.
Ben


49 Days Left till Election Day!

With just 49 days left until Election Day, we need
your help to elect a pro-business Congress. Each
day there is news from highly contested targeted
Congressional races. Each week we will keep you
informed about how you can help make sure
business is victorious on November 7.

Today, we need you to fill out an FEC required form to
allow us to solicit contributions from you and your
organization. Please click here
http://www.uschamber.com/Elections/_uschamberpac.htm
to fill out the form that will help elect a pro-business Congress!

*****************************************
Make a Difference for Business.

Tuesday, November 7th is your day.... your day to
vote, your day to make your voice heard on the
issues important to you, your family, your community
and your country. Please click on the following to
find out how you can help get out the vote for
business -
http://www.uschamber.com/Elections/Get-Out-The-Vote/.

*************************************
Election FACT

DOES YOUR VOTE COUNT? ---- YES, and will
make the difference in helping to elect pro-business
candidates!

In 1996, Jon Fox won his congressional race in
Pennsylvania by just a 84-vote margin out of more
than a quarter million cast.

In 1994, Sam Gejdenson won his congressional race
in Connecticut by a margin of just 21 votes.
In the 1960 presidential race, John F. Kennedy
defeated Richard Nixon by two-tenths of one
percent of the vote. That averages out to less
than one vote per precinct nationwide. Furthermore,
Kennedy would have been defeated if one more
person in each of ten Cook County (Illinois) precincts
had voted for Nixon.

To unsubscribe, please reply to this email and type
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Chonawee and I just had a phone conversation with Cplex. There are other
alternatives (products) that may help in saving time and cost. Chonawee and I
feel that one floating develoment license, and one or two OPL (a package on
sale that provides modeling and optimization features) licenses will do. In
addition, we need floating deployment licenses. For the development licenses,
the charges should be split "equally" between the different groups that may
ask for optimization help (although it is hard to predict who may ask for
future help). We are suggesting equally since these licenses are used to
develop the needed solution but are not (in general) used to run the
software. The deployment licenses can be charged on per-use basis for
different groups.
Cplex is going to send us a new quote. We'll make the decision soon after
that.
-Samer


you make me mean

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:23 AM
To:	Maggi, Mike
Subject:	RE:

because it makes you mean

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:22 AM
To:	Nelson, Michelle
Subject:	RE:

why

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:20 AM
To:	Maggi, Mike
Subject:	RE:

no i'm not.  take that patch off.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:20 AM
To:	Nelson, Michelle
Subject:	RE:

yes you are

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:18 AM
To:	Maggi, Mike
Subject:	RE:

i don't think that i am liking you too much today.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 9:17 AM
To:	Nelson, Michelle
Subject:	RE:

it wasnt at the top of my to do list

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 9:16 AM
To:	Maggi, Mike
Subject:

you didn't tell me that becky got engaged.


-----Original Message-----
From: 	Cooke, Ian
Sent:	Thursday, January 10, 2002 11:35 AM
To:	Dorland, Chris
Subject:


The Board meeting has concluded and I can now focus on the task force. The
following people in RAC have been assigned to this effort as follows:

Legacy Opportunity

Molly Harris
Teresa Seibel
James Copeland
Michael Tribolet
Jay Hachen
Minal Dalia
Don Rollins
Rick Carson
Jeff Soo
Debbie Brackett
Sue Vasan

On Going Opportunities

Denise Fury
Mark Wilson
Dana Smith
Andrew Greer
Martin O'leary
Jay Hachen
Dave Gorte
Darren Schmidt
Vladi Gorny
David Port
Jeff Soo

This is a huge commitment of staff from RAC and will strain us no end, but it
is necessary. If you want RAC to lead this effort I will appoint Michael
Tribolet to manage the task. If you want someone else to manage the  effort
we will assist as we can. Regardless of who leads this effort we need
following:

Commitment of EES back office staff people
Commitment of IT resources
Commitment of Skilling to fund the overage to the RAC budget, which I am
under huge pressure to reduce, not increase.

Let me know how to launch this program.

Rick


I need someone assigned to assist in amending this agreement.  Most of the
work is done.  Please let me know ASAP.


Mike:  Here are my comments.  Apologies for the fact that they are quick and
dirty.

All Enron's public statements that I have read, including, I think,
statements made to financial analysts, state that our exposure in California
is not "material."  Dennis' declaration says that the situation in California
has been a "financial disaster," that "Enron has lost over $300 million," and
that "Enron stands to lose millions more."  The losses are described as
"huge."  Perhaps this is information that has since been communicated to the
market, but I'm not aware of it.  And if it hasn't, it could represent a
significant conflict with previous statements.  Seems prudent to run this by
IR and perhaps others before releasing.
Regarding the statements about our hedging strategy.  It would seem prudent
to run this through the organization for comment and discussion prior to
making public.
Very minor technical point--I don't think that AB 1890 was passed
"unanimously."  I think that there was 1 nay vote.
The statement is made that "the utilities were required to sell off most of
their generating capacity."  The utilities were only required to sell off 1/2
of their fossil-fired plants (which I think at the time may have amounted to
about .2-.25 of their total gen assets).  They chose voluntarily to sell of
the remainder of their fossil-fired plants.
It is stated that stranded costs are "investments in imprudent power
generation facilities."  These investments were in fact found in the past to
be prudent by the PUC.  Would therefore not seem accurate to call them
imprudent now.
Is it now "virtually impossible to manage commodity risk" in California?
Just wondering if judge might view the statement as overstating the situation
somewhat.
From a PR perspective, I'm wondering if we want to characterize re-sourcing
UC/CSU in the following manner, "It was actually a relatively easy decision
to make."  Makes Enron sound perhaps excessively hard-nosed.

Best,
Jeff


HAPPY NEW YEAR!!! Hope you had a great holiday!
These EES deals were all changed by Carla so they're all in "Pending
-Revised..." status in the system.  It looks like Carla made some changes,
but then changed it back.  Can you please ask her if we need to send revised
confirms on any of these deals.
486972
486988
486992
486996
487005
487024
487042
487057
487060
Thanks for your help!
Kim


Michael D. Capellas, Chairman and CEO,
and the Compaq Management team invite
you to attend the
2001 Compaq Classic of New Orleans
PGA Golf Event at English Turn Golf and Country Club
May 4 - May 7, 2001

Join us for great golf, great food and
great music!

Please click the URL below to RSVP.

https://www.travelhq.com/register/compaqclassic/index11.htm


I do have a copy of those.   Please provide me with a copy of the new one
when it's signed.  Thanks for your help!

	Julie Ferrara
	01/18/2001 09:56 AM

		 To: Paul Goddard/EU/Enron@ENRON
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: Re: Another Agreement - Arthur Andersen (US)

Paul,
We are just about to get the long-term agreement with Arthur Andersen
signed.  I will attach the latest version of this, which we are waiting for
AA to give final approval and assign .  We do have the short term agreement
that was signed to provide the audit of the price reports from Nov. 1-30.  I
believe Tana does have a copy of this contract.  (Tana- I think Claudia Clark
also has a copy).  Let me know if you would like to see that copy as well.

Thanks.
Julie

Paul Goddard@ENRON
01/18/2001 09:48 AM
To: Tana Jones/HOU/ECT@ECT
cc: Julie Ferrara/HOU/ECT@ECT, Rahil Jafry/HOU/ECT@ECT
Subject: Another Agreement - Arthur Andersen (US)

Tana - we also have an agreement that has either been signed or is about to
be signed with Arthur Andersen (whereby they provide 'audit' services for our
EnronOnline Price Reports (aka indices).  Julie Ferrara should have this
agreement if one of them hasn't already sent it to you.

Julie  - could you also forward me this agreement assuming you have it? Would
be useful to have it in our other discussions with AA re: SECA Coal index .
Thanks).
---------------------- Forwarded by Paul Goddard/EU/Enron on 18/01/2001 15:44
---------------------------
From: Tana Jones@ECT on 17/01/2001 19:05 CST
To: Dave Samuels/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT, Paul
Goddard/EU/Enron@Enron, John Pavetto/Corp/Enron@Enron, Jay Webb/HOU/ECT@ECT
cc: Mary Weatherstone/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT

Subject: RUSH-EnronOnline Agreements

Attached is a list of the EnronOnline documents I am aware of.  Please let me
know if there are any additional agreements that have not been included.  I
have bolded those documents I am still trying to obtain copies of (and the
person who might be aware of them).  If you have copies can you please
provide them to me ASAP.

Thanks for your help.


See attached


Hello,

Sorry for a delay in getting back to you.
We would like very much to offer you a summer internship.

Please, let me know if you are interested.

Vince Kaminski


Welcome back to the Body Shop!
January 22, 2001 is re-opening day, and we look forward to seeing you again on a regular basis!  Please find your assigned locker and combination below.  If you have any problems using your new locker, please ask one of the Body Shop staff for assistance.

Locker# - 809
Combination - 27-11-33


Hi Mary:
Well, the problem is likely just that I'm dense.  I log in, click on deferral
and find a description of what one needs to do (i.e., fill out the form), but
I've surfed around the site a bit and can't seem to find the form.  Am I
(probably) missing something?  Thanks a bunch.

Best,
Jeff


F.Y.I.

-----Original Message-----
From: webmaster@cera.com [mailto:webmaster@cera.com]
Sent: Friday, November 23, 2001 9:01 PM
To: clients@cera.com
Subject: Radical Shift in Western Power and Gas Market Dynamics - CERA
Monthly Briefing

Title: The West Enters a Bust
URL(s):

http://www.cera.com/eprofile?u=35&m=2810;

***********************************************************************

RADICAL SHIFT IN WESTERN MARKET DYNAMICS

The western power markets are entering a bust period as a result of the 24,000
megawatts of power plant additions and demand decline brought on by last year's
high prices and the current economic softness. This bust period is likely to
last for several years. Western gas markets have also entered a bust with the
delayed start to winter and full storage inventories exerting downward pressure
on both North American prices and western basis differentials. Through the
remainder of this year and into well into next, western regional gas and power
markets will remain soft and possibly weaken further.

*  Power operating reserves should rise to above 15 percent by next summer in
the Southwest and California, pushing power prices down and improving
reliability.

*  Power demand is expected to shrink by 11 percent in the fourth quarter;
market contractions will return demand in 2002 to levels experienced in 1998.

*  Full gas storage inventories, huge declines in year-over-year demand, and
the onset of significant pipeline capacity additions will keep a lid on West
Coast differentials.

**end**

Follow above URL for complete Monthly Briefing (11 printed pages).

E-mail Category: Monthly Briefing
CERA Knowledge Area(s): Western Energy

***********************************************************************
**************************************************************************************
CERAWeek February 11-15, 2002 - http://www.cera.com/ceraweek

SPECIAL OFFER: Register on-line before November 30th, and a 2-Day Pass
will be upgraded to a 4-Day Pass (maximum $1,800 value).
Day 1: Global Oil/Refined Products;
Day 2: Natural Gas/Global Energy;
Day 3 & 4: Electric Power
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This electronic message and attachments, if any, contain information
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Group,

On April 27th and 28th there will be a training class offered in Portland,
Oregon with two spots available.  The course is Electric System Operation for
the Non-engineer.  The course highlights include:
Generation
Transmission and Overhead
Distribution Systems
Underground Distribution
Switchgear
Voltage Control
Matching Generation

The course will purportedly provide a comprehensive understanding of system
operations including fossil fuel, hydro and nuclear generation, transmission
and distribution.  The course should provide not only technical information
but also economics of operation, system and equipment protection and safety.
I will be taking the class along with two members of the real-time group.  If
this is a useful class (as it appears to be) we will have the opportunity to
attend it again later this year.  If you are interested in attending this
class on these dates please let me know as soon as possible.

Thanks,

Bill


Please grant me access to the rac website.  I am the manager for the central
region - natural gas.  I need access to activate and inactivate and view all
central books.  Please give me a call with any questions.  Thanks for your
help.
PL
3-7376

---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/14/2001
12:31 PM ---------------------------
From: Jennifer Velasco/ENRON@enronXgate on 05/14/2001 09:49 AM
To: Chad Ihrig/ENRON@enronXgate, Phillip M Love/HOU/ECT@ECT
cc:
Subject: Web Access

Please send this request to Matthew Adams.  He is the one who will help you
with setting up access to the website.

Thank you.
Jennifer Velasco
X 5-2526


I have the master -= worried about your volume managment people?

Its coming

 -----Original Message-----
From: 	Calger, Christopher F.
Sent:	Thursday, December 06, 2001 12:46 PM
To:	Kitchen, Louise; Slone, Jeanie
Subject:	Commercial NETCO West Power

Revised again - commercial count down to 47.  Tim has file on its way that includes comm support.  The total Portland number is 73 (commercial and support) vs current operation of approx. 120.

Who controls master list (s) for commercial and support?

 << File: Commercial Headcount for NEWCO.xls >>

Chris Calger
503-464-3735


On Wed, 16 Jan 2002, Patrick Connolly wrote:

> According to Deepayan Sarkar:
> |>
> |>
> |>
> |> It's a known problem (with grid actually).
> |>
> |>
> |> --- Kieran Healy <kjhealy@arizona.edu> wrote:
> |> > Hello --
> |> >
> |> > I'm using R-1.4.0 on a PC running SuSE Linux 7.1. Following Christian
> |> > Ritter's announcement this morning, I downloaded the new versions of
> |> > lattice and grid. I find that loading the lattice library causes
> |> > postcript() to include a blank first page when creating a file. Like
>
> Now I'm confused again.  I had this problem with an earlier version of
> grid but not with Version: 0.2 dated: 2000/11/07.  I did have to
> specify bg = "white" when color = FALSE otherwise I'd get a pale grey
> background but that's not a great problem.
>
> Am I to understand that the fix that was made in 0.2 is now broken
> again?  (I'm still using 1.3.1.)

grid 0.5 is quite different from 0.2: it relies on changes made to the
graphics drivers shipped with R.

Yes, grid 0.5 gives an empty first page when opening a device. Paul
Murrell will fix it when he has time.

--
Brian D. Ripley,                  ripley@stats.ox.ac.uk
Professor of Applied Statistics,  http://www.stats.ox.ac.uk/~ripley/
University of Oxford,             Tel:  +44 1865 272861 (self)
1 South Parks Road,                     +44 1865 272860 (secr)
Oxford OX1 3TG, UK                Fax:  +44 1865 272595

-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-.-
r-help mailing list -- Read http://www.ci.tuwien.ac.at/~hornik/R/R-FAQ.html
Send "info", "help", or "[un]subscribe"
(in the "body", not the subject !)  To: r-help-request@stat.math.ethz.ch
_._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._._


Attached is a memo summarizing policy changes and revised trading limits that
will be recommended to the BOD for approval on the 13th, next week.  We can
discuss at the Risk Forum Luncheon tomorrow (Chris, you're invited also) -
some DPR reporting practices may need modification to aggregate commodity
risk across the company.

Regards,
Cassandra.


Notice No. 01-131
April 19, 2001

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

FROM:
George Henderson, Vice President

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

The expiration date for the May 2001 options contract for Unleaded Gasoline
(GOK1), Heating Oil (OHK1) and Natural Gas (ONK1) is Wednesday, April 25,
2001.
GENERAL OPERATIONAL PROCEDURES

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

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

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM
Usual Event Time: 6:45 PM
Announced via Fast Facts

Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts

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

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

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

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
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Note: If you click on the above line and nothing happens, please copy
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paste it into the web site address and press Return.


This deal is gas ENA sold to CES for Energy Express.  The daily volume was
10,322 dth (a total of 309,660 for the month).  The price is CGAS IF + $.0175
+ Variable + $.02 demand for ENA transport

I just changed the price in Sitara.  My calculation shows a price of $4.6738.

Jeff, I apologize for this if you have sent out the invoice already.  Please
correct the invoice for this deal and let me know when you send it out.

Thanks.


Because it didn't matter...you are agreeing to pay a minimum amount
regardless of the actual tax valuation, to the extent that applying tax
creditable amounts like for use of pollution control devices gets you below
the Base Amount you would still pay the base amount.

-----Original Message-----
From: Jacoby, Ben [mailto:Ben.Jacoby@ENRON.com]
Sent: Thursday, June 07, 2001 12:27 PM
To: orshefskyd@gtlaw.com; medleyb@gtlaw.com; Krimsky, Steven; Mann, Kay
Subject: FW: Deerfield Beach Energy Center

Why didn't we have the following language in the tax payment section:

.  "In no event shall Payments in Lieu of Taxes include, apply to, or be
required to be made for Real Property Assets and/or Tangible Personal
Property exempt under Florida Statutes in existence as of the Effective
Date or any date prior to commencement of operations of the proposed
Facility, as such statutes may be amended from time to time."

Somehow this was missed because we didn't follow the Pompano form
closely enough...
-----Original Message-----
From: Krimsky, Steven
Sent: Thursday, June 07, 2001 11:21 AM
To: Jacoby, Ben; Mann, Kay
Subject: FW: Deerfield Beach Energy Center

This is the City's red-line against our draft.

I will call to discuss.

Steve

-----Original Message-----
From: Andy Maurodis <attorney03@deerfieldbch.com>@ENRON
Sent: Thu 6/7/2001 10:31 AM
To: 'orshefskyd@gtlaw.com'
Cc: Krimsky, Steven; Jacoby, Ben
Subject: Deerfield Beach Energy Center

attached is revised agreement (staff presently reviewing).

Please acknowledge receipt.

Andy Maurodis

<<73PB05! (1).DOC>>

- 73PB05! (1).DOC <<73PB05! (1).DOC>>

_______________________________________________________________
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privileged and confidential information.  It is intended only
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and destroy all copies of the original message.

To reply to our email administrator directly, please send an
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Our next conference call will be held this Friday, August 18th at 10:00 a.m.
New York time.  If you wish to participate, please call 888-904-9318 and
give passcode "US REG" and leader is Stacy Carey.

Stacy Carey
Director of U.S. Regulatory Policy


Andy, The Netco systems and the database systems were down yesterday and today, for testing.  As soon
as that is up, hopefully tomorrow, I can have the vols and the Vars.
Naveen

 -----Original Message-----
From: 	Zipper, Andy
Sent:	Thursday, January 31, 2002 11:39 AM
To:	Andrews, Naveen
Subject:	RE: Var simulation

This looks good. what were the system vols and when can you get me the rest ?


Attached is a new draft press release.  First thing in the morning, we need to discuss whether to release this.  Please contact Steve Kean, Mark Palmer or me with your comments.

Thank you.
Karen
x39757


FYI.  Presentation by Brattle Group before CA leg committee yesterday in
which they assert market power at the CA border (held by "out-of-state
suppliers") explains high gas prices in California.  If you have any
questions, call me at 415.782.7822.  Please forward to others whom you think
might be interested.  Stephanie, could you forward along to Barry?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/19/2001 12:23 PM -----

	Douglas.Porter@sce.com
	04/19/2001 11:36 AM

		 To: jeff.dasovich@enron.com
		 cc:
		 Subject: Sacramento Pres Final 4_13_01(projected).ppt

Per your request, attached are the presentation slides from yesterday.

Douglas Porter, Senior Attorney
Southern California Edison Company
(626)302-3964
(626)302-3990(fax)
douglas.porter@sce.com(See attached file: DRT2486.PPT)
 - DRT2486.PPT


The Post-Ted Susan is out of control.  In less than a week's time I have
mugged down with 3 guys and have a fourth one emailing me to go out
sometime.  Funny thing is I'm not really interested in any of them, just
having fun.  Hope all well with you.

Susan


Happy New Year all,

I have been with Enron for over 16 years and I have made some very good friends during my time here and right now I am feeling their pain and panic.  I talk to several of my terminated friends (and sister) each week and get updates from them on what is going on outside of Enron.  I just want to do whatever I can to help them get through these hard times, this is the reason for my weekly reminders to you all who have the power to do something for them.

I passed on the phone numbers for Towers Perrin and other numbers that they need to get their money from the Cash Balance Plan or to find out more about the COBRA benefits, etc. but there is a major stumbling block in their way right now.  They keep being told that no one can do anything for them, not even send them the necessary forms to get the ball rolling on these benefits, because Enron has not changed their status from active to terminated (or inactive).  How can it possibly take a month to get this status changed?  Please realize that a lot of these people have nothing:  no paycheck coming in, no unemployment checks YET, no retirement, no cash balance money, no medical benefits....they are feeling scared and panicked....PLEASE lets do something to help them.  I have no clue what all it takes to get 4,500+ employees status changed but surely it cannot take a month to accomplish this.  Whomever is in charge of getting this done, are we sure they have a sense of urgency about the situation?  People could lose their homes, cars, etc. while they are waiting on all this red tape....this is very important.

Please advise.

Sabra Dinari


I think he'll be done at his current offer, do you want to give him more?

I told him he's reporting to you and Milly and he was pleased.

Are you listening or video conferencing into this meeting?
--------------------------
Sent from my BlackBerry Wireless Handheld


Jim:

With regard to ERCOT:

Ponderosa Pine is the Cleburne IPP that we purchased from Tenaska last year--it is sometimes called "Cornhusker".  Brazos Electric Coop is the power purchaser under a long-term PPA.

There is no capacity available or committed under the DC tie ("TexMex" or "Salsa").  The project is not fully developed, however, an application for a Presidential Permit is in process.  We do have agreements with the Brownsville Public Utility Board related to the development of the project--Dave Forster is the commercial contact.

The only construction in progress I am aware of is Indian Mesa I & II (Enron Wind Projects)--I will follow-up with you tomorrow on this.

We have a Services Agreement with the Fronterra project.  I believe AEP is the owner.  Enron has no equity ownership, only management responsibility--Tom May is the commercial contact.

I cannot think of anything else, but I will talk with a few others tomorrow.  I would encourage you to also check with Dave Forster, head of origination for the central U.S.

Hope this helps.

Chip

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 13, 2001 5:26 PM
To:	Schneider, Chip
Subject:	FW: Merger Analysis - ERCOT Market Share
Importance:	High

Chip --

The e-mail I referenced in my voice mail.  Please call if you have any information.

Jim

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, November 13, 2001 3:03 PM
To:	Nicolay, Christi L.; Gilbert-smith, Doug; Ward, Charles; Portz, David
Cc:	Shapiro, Richard
Subject:	Merger Analysis - ERCOT Market Share
Importance:	High

I am trying to identify generation assets owned and/or controlled in ERCOT by Enron and its affiliates.

The information I have been provided is that Enron only has Ponderosa Pine Energy Partners LTD - 263 MW.  Is this correct?

Do we have any long-term capacity over the DC Tie?
Do we have any construction in progress?
Any other positions (e.g., Capacity Auction) that may be considered by the PUCT in the merger?

Is there anyone else I should talk with about this information?

Thanks,

Jim