Charles Schwab & Co., Inc.

Midday Market View(TM) for Tuesday, June 5, 2001
as of 1:00PM EDT
Information provided by Standard & Poor's

================================================================

U.S. INDICES
(1:00p.m. EDT)

----------------------------------
Market            Value     Change

DJIA          11,148.70    + 87.20
Nasdaq Comp.   2,225.17    + 69.24
S&P 500        1,280.06    + 12.95
----------------------------------
NYSE Advancing Issues        1,829
NYSE Declining Issues        1,141
NYSE Trading Volume        616 mln
NASDAQ Advancing Issues      2,247
NASDAQ Declining Issues      1,275
NASDAQ Trading Volume      993 mln

==================================

U.S. TREASURIES
----------------------------------
Value            Yield      Change

1-year bill       3.57%        n/a
5-year note       4.85%     + 8/32
10-year note      5.30%    + 10/32
30-year bond      5.65%    + 15/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

================================================================

U.S. TRADING SUMMARY

Technology stocks continue to gain steam from this morning's
rally, which was triggered after a duo of tech companies, Xilinx
and Comverse Technology, boosted hopes that the bad news on
technology spending may be coming to an end. This helped bolster
investor confidence despite the weak economic data that was
released this morning. Semiconductors, networkers and software
stocks all powered the NASDAQ higher for an almost 3% gain.
General market sectors bucking the upward trend were mostly
defensive in nature and included electricity, natural gas and
tobacco shares. While it took them a little while longer to join
the tech party, both the Dow and S&P 500 crept higher throughout
the morning.

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

U.S. TREASURY SUMMARY

Treasuries were enjoying another day in the green at midday as a
bout of weak economic data helped all maturities rally and mostly
ignore the gains in the stock market. Trading remained thin and
lackluster as typical summer doldrums continued to thwart
liquidity. Shorter-dated issues received a boost from the Federal
Reserve's purchase of Treasury bills. Longer-dated issues have
been cheered from weakness in the factory orders report and data
on the non-manufacturing sector.

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

CURRENCY SUMMARY

The euro has managed to recover to around the 0.850 dollar level,
with dealers reporting a U.S.-based fund behind the move higher.
While it may be a bit premature, currency intervention tends to
work better when it goes along with the market. As such, today's
bounce from cycle lows could give the European Central Bank the
latitude to intervene and boost the value of the euro. The dollar
is little changed versus the yen when compared with morning
levels. The pair is trading at about 120.3 yen.

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

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 1:05 p.m. EDT)

** Lucent Technologies (LU: 8.62, + 0.62), which recently spurned
a takeover offer from Alcatel (ALA: 26.15, + 0.77), plans to
speed up cost-cutting measures. However, specifics of the
cost-cutting plan were not revealed. Henry Schacht, the firm's
chief executive and chairman, also said that Lucent does not plan
to go after other merger possibilities. In his comments at an
industry trade show, he reaffirmed fiscal guidance for the fiscal
third quarter, saying that the firm should see a modest revenue
improvement compared with the second quarter.

** Nortel Networks (NT: 13.73, - 0.25) will link with software
titan Microsoft (MSFT: 72.30, + 1.52) in order to combine
technologies and bring such broad-ranging services as e-mail and
supply-chain management to phone carriers that can then sell the
Internet-related services. The blending of technologies is
designed to streamline data center operations and has been in
advanced testing and joint research for about 12 months. Such
testing was implemented in order to ensure product
compatibility.

** Blockbuster (BBI: 21.52, - 0.29), the largest video-rental
chain in the world, is offering to settle lawsuits that stemmed
from customers paying inflated fees for overdue video rentals
with the company unfairly profiting as a result. The offer to
settle 23 class-action lawsuits entails Blockbuster offering both
refunds and certificates for free video rentals as well as $1 off
coupons for non-food items. Given the time and money required to
defend the lawsuits, Blockbuster decided to settle the cases.

** General Mills (GIS: 42.83, + 0.03), maker of such breakfast
staples as Wheaties, Total and Cheerios, is increasing its prices
by an average of 2%. The price hike will amount to about $0.06 or
$0.07 a box and is the result of higher energy, ingredient and
packaging costs. General Mills last increased prices in April
1999, when the company hiked prices by 2.5%.

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

RESEARCH SPOTLIGHTS

** Goldman Sachs upgraded shares of SAP AG (SAP: 37.46, + 0.96)
from a market outperformer rating to their European recommended
list.

** Lehman Brothers upgraded shares of J.C. Penney (JCP: 22.77, +
2.09) from a buy to a strong buy rating.

** Needham & Co. upgraded shares of Sypris Solutions (SYPR: 7.29,
- 0.93) from a hold to a buy rating.

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Standard & Poor's MMS services are for personal use only.
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Distribution by Quris, Inc.


FYI.
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/02/2000
10:29 AM ---------------------------

Lisa Kinsey
02/02/2000 08:26 AM
To: VSeckler@CILCO.com
cc: Alicia Jones/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT
Subject: January 2000 Withdrawals from Storage

Hey Vonda,
Attached is the worksheet showing your withdrawals for the month of January
2000.  Let me know if you have any questions.
Lisa Kinsey


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FYI

-----Original Message-----
From: Counihan, Rick [mailto:rick.counihan@greenmountain.com]
Sent: Wednesday, November 29, 2000 9:04 AM
To: 'ARM List Serve'; 'Bennett, Jeanne'; 'Douglass, Dan'; 'Day, Mike'
Subject: FW: Daily Electric Power News - 11-28-00

see duke offer below

-----Original Message-----
From: Oneill, Karen
Sent: Tuesday, November 28, 2000 9:07 PM
To: New Markets (#770); Management Team (#710); California (#790)
Subject: FW: Daily Electric Power News - 11-28-00

Note an interesting item far down on the newsletter about Duke Power
offering to manage all of SDG&E's load for the next five years for a fixed
price of 6 cents/kWh.

-----Original Message-----
From: news@mail.energycentral.com [mailto:news@mail.energycentral.com]
Sent: Monday, November 27, 2000 6:40 PM
To: oneill@gmer.com
Subject: Daily Electric Power News - 11-28-00

______________________________________________________________________

ENERGY CENTRAL ELECTRIC POWER NEWS FOR 11/28/00 - 53 NEW ITEMS
______________________________________________________________________

** TO CHANGE TO THE HTML-ENHANCED VERSION OF THIS SERVICE -
** go to http://www.energycentral.com/sections/services

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______________________________________________________________________

COMPETITION & DEREGULATION
______________________________________________________________________

FERC CHAIR WANTS EARNINGS JUSTIFICATION INFO; FEINSTEIN TO WORK FOR
CONGRESSIONAL REFUND AUTHORITY
Three days after the Federal Energy Regulatory Commission hearing
November 14 in San Diego on California's "broken" electricity
market, the agency's chair, James Hoecker, gave a writing
assignment to generators, marketers and other players in the
state's market. - (California Energy Markets, LENGTH=1008 words)
--> NEWS SUBSCRIBERS can access this article for free!
[ ] 55-1: You can request 2 FREE samples of CALIFORNIA ENERGY MARKETS

POWER ALERTS HAMPERING CALIFORNIA POWER MARKET AS PROBLEMS CONTINUE
Serious troubles continue for the deregulated electric markets on
both the West and East Coasts. - (Utility Spotlight, LENGTH=1460 words)
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[ ] 55-18: You can request a 4 week FREE trial to Utility Spotlight

MASSEY: FERC HAS ROLE TO PLAY IN POTENTIAL FOR MARKET POWER ABUSES
With the California experience in mind, Federal Energy Regulatory
Commissioner William Massey told the Energy Bar Association last
week that FERC has a role to play in exercising vigilance over the
potential for market power abuses. - (Utility Spotlight,
LENGTH=431 words)
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MAKE UTILITIES GO AFTER THE REFUNDS, PEACE SAYS
Trying another legal angle to refund consumers for this past
summer's price spikes, Senator Steve Peace (D-El Cajon) told
California Public Utilities Commission president Loretta Lynch in
a November 17 letter that regulators should require utilities to
demand money from wholesale generators. - (California Energy
Markets, LENGTH=249 words)
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FERC MUST DO MORE, RESPONDENTS TO PROPOSED CALIF. ORDER SAY
FERC must "go further" than it already has in its actions to
address market power and mitigate excessive prices in California,
Energy Secretary Bill Richardson told the federal commissioners in
documents filed before the Thanksgiving break. - (Megawatt Daily,
LENGTH=812 words)
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[ ] 55-10: You can request a sample issue of Megawatt Daily

MIDAMERICAN ENERGY IS FIRST TO BECOME REGISTERED S RETAIL ELECTRIC
SUPPLIER IN SOUTHWEST OHIO
MidAmerican Energy Company is the first energy company to become
registered as a Certified Retail Electric Supplier in the
Cincinnati Gas & Electric Company territory. - (PR Newswire,
LENGTH=452 words)
--> NEWS SUBSCRIBERS can access this article for free!

______________________________________________________________________

ACQUISITIONS
______________________________________________________________________

BRAZIL : SIX COMPANIES STRUGGLE FOR CESP PARANA
There are six foreign companies interested in acquiring electric
power generating company Cesp Parana to be tendered in the
begining ofDecember 2000 for a minimum price estimated at
R$1.739bil. - (Screaming Media - comtex, LENGTH=249 words)
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______________________________________________________________________

RATES
______________________________________________________________________

PG&E CO. PROPOSES HUGE RATE INCREASE TO RECOVER DEBT
Last Wednesday, PG&E Co. proposed a five-year "rate stabilization
plan" that would allow the utility to pass along to customers more
than $3 billion in power costs incurred last summer. -
(IssueAlert, LENGTH=1498 words)
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[ ] 55-33: Read IssueAlert everyday at http://www.consultRCI.com.

SCE FILES FOR CONCLUSION TO 4-YEARRATE FREEZE, SEEKING 9.9% INCREASE
Declaring its rate freeze legally ended in August but bucking
stiff political winds, Southern California Edison filed with state
regulators on Nov. 16 for an end to the four-year-old rate freeze,
a 9.9% increase as a "rate stabilization" mechanism  and for
provisions for future increases if wholesale power prices continue
to exceed the utility's retail rate levels, which it proposed to
go back to pre-freeze 1996 levels of around 10.5 cents per Kwh. -
(Utility Spotlight, LENGTH=414 words)
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PGE PULLS POWER COST CASE, FILES FOR MORE IN NEW GENERAL CASE
PGE has decided to drop its request, filed last August with OPUC,
for a 13.5 percent rate increase to recover higher market power
costs, and replaced it with a general rate case that asks for a 17
percent rate hike. - (Clearing Up, LENGTH=689 words)
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Daniel
Sackett at (206) 285-4848 or dsackett@newsdata.com with your
mailing address.

OAK RIDGE ELECTRIC RATES MAY FALL IF BUILDING SUBSIDY CUT
Oak Ridge City Council approved an ordinance Monday that would
sharply cut subsidies developers receive from the city to install
underground utilities in new subdivisions. - (Screaming Media -
comtex, LENGTH=533 words)
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TACOMA POWER PLANS SPRING 2001 RATE REVIEW; NO PLANS FOR IMMEDIATE
RATE HIKE
Despite some mainstream media reports to the contrary, Tacoma
Power has no immediate plans to raise rates. But the muni is
planning to begin a full cost review next spring, with a possible
rate adjustment in October 2001--the same time its new BPA
contract takes effect. - (Clearing Up, LENGTH=917 words)
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______________________________________________________________________

GENERAL
______________________________________________________________________

DUKE ENERGY PROPOSES TO MANAGE ALL OF SDG&E'S ELECTRICITY EEDS FOR
NEXT FIVE YEARS AT LOW FIXED PRICE
Duke Energy, through its business unit Duke Energy North America),
has put forth another bold solution to California's electricity
crisis by proposing to manage San Diego Gas & Electric's
3,300-megawatt electricity load at a fixed price of 6 cents per
kilowatt-hour for the next five years. - (PR Newswire, LENGTH=1050 words)
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THE BEST-LAID RESOURCE PLANS
A resource plan is a map, not a bible. Forecasts are intended to
identify potentialities and to give planners and decision-makers a
common set of data that inform their choices about how to prepare
for contingencies. - (California Energy Markets, LENGTH=920 words)
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RX FOR IOU'S: SLIM DOWN.
To an industry whose mantra of late has been "diversify and
conquer," a prominent utilities consultant has some startling
advice: Slim down and focus on your core strengths. - (Public
Utilities Fortnightly, LENGTH=665 words)
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Utilities Fortnightly magazine.

WAUKESHA, WIS., ELECTRIC PLANT BREAKS GROUND ON $20 MILLION EXPANSION
Waukesha Electric Systems has broken ground for a $20 million
expansion that will add 100,000 square feet to its electric
transformer plant. - (Knight-Ridder, LENGTH=354 words)
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HIGH ENERGY COSTS PLUS COLD SPELL EQUAL BAD NEWS FOR MILWAUKEE-AREA
RESIDENTS
Spiraling energy costs and an early cold spell have resulted in a
30 percent increase in the number of low-income residents applying
for financial assistance to help pay for heating bills this
winter, officials say. - (Knight-Ridder, LENGTH=1383 words)
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MIDWEST ENERGY PULLING PLUG ON POWER PIRATES
In the past, scofflaws who pirated electricity fromMidwest Energy
Cooperative might have gotten away with it. - (Screaming Media -
comtex, LENGTH=513 words)
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UPDATE 1-SIEMENS PLANS U.S. SHAKE-UP
German electronics and engineering group Siemens said on Monday it
would shake-up its U.S. operations in preparation for a New York
listing next spring. - (Reuters, LENGTH=651 words)
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______________________________________________________________________

DEALS/CONTRACTS
______________________________________________________________________

GLOBAL WATER TECHNOLOGIES AWARDED ADDITIONAL $10 MILLION IN POWER
INDUSTRY CONTRACTS
Global Water Technologies, Inc.  a company utilizing advanced
technologies and engineered solutions to provide process cooling
water  to industry and municipalities worldwide, today announced
that its water cooling subsidiary, Psychrometric Systems, Inc.
(PSI) has been  awarded an additional $10 million in new contracts
during the fourth  quarter to supply its water cooling technology
and services to its  power industry customers. - (Business Wire,
LENGTH=602 words)
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NRG ENERGY INC. TAKES 50-PERCENT INTEREST IN CONOCO POWER VENTURE
Conoco Global Power, the  wholly owned power subsidiary of Conoco
Inc. today announced NRG Energy Inc., through subsidiaries, is
joining the SRW Cogeneration Limited Partnership. - (Business
Wire, LENGTH=855 words)
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AES TO CONSTRUCT $425 MILLION BARKA POWER AND DESALINATION PLANT IN OMAN
The AES  Corporation announced today that AES Barka has been
awarded the Barka Power and Desalination Project - Phase I in the
Sultanate of Oman. - (Business Wire, LENGTH=1416 words)
--> NEWS SUBSCRIBERS can access this article for free!

______________________________________________________________________

TRANSMISSION & RELIABILITY
______________________________________________________________________

STOP SOUTHEAST TRANSCO PLANS, APPA AND OTHERS ADVISE FERC
Send Southeastern utilities back to the drawing board-with other
interested parties-to redo their regional transmission
organization proposals, APPA and other groups said. - (Public
Power Weekly, LENGTH=733 words)
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COMMERCIAL CUSTOMERS SAY THEY WANT RELIABILITY, GOOD SERVICE
The price of the electricity they buy is very important to large
business customers, but the reliability of that electricity and
the quality of customer service that comes with it also are
critical, three businessmen told APPA's recent Customer
Connections Workshop. - (Public Power Weekly, LENGTH=819 words)
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THOUSANDS LEFT WITHOUT POWER IN PUTNAM
On a night when the low temperature reached 19 degrees, many
Putnam County customers of American Electric Power Corp. were left
cold and in the dark by a power outage. - (Screaming Media -
comtex, LENGTH=648 words)
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______________________________________________________________________

POWER PROJECTS
______________________________________________________________________

ITALIAN FIRMS WIN 587-MILLION-DOLLAR DUBAI POWER CONTRACT
The government of Dubai has signed a  587-million-dollar contract
with two Italian firms, Enel Power and  Fisia Italimpianti, for a
power and desalination plant, newspapers  reported Sunday. - (AFP,
LENGTH=203 words)
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BRAZIL: ENRON, DUKE AND EL PASO TO SET UP OPERATIONS OF THERMAL
The representatives of Enron, El Paso and Duke Energy will set up
operations of four thermal electric power facilities in 2001 -
(Screaming Media - comtex, LENGTH=191 words)
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COMPANY UNVEILS NEW PLAN TO ENSURE STEADY POWER
Nigeria's state-owned National Electric Power Authority (NEPA) is
to build 16 new power plants within the next 10 years as part of
ongoing efforts to ensure a steady supply of electricity in the
country. - (Screaming Media - comtex, LENGTH=345 words)
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MALAYSIA'S POWERTEK BERHAD TO BUILD THIRD POWER STATION
Independent power producer Powertek Berhad is set to nearly double
its electricity-generating capacity from 770 megawatts (MW) at
present to 1,490MW in 2003. - (Screaming Media - comtex,
LENGTH=321 words)
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AV BIRLA GROUP TO SPEND 23 BLN RUPEES ON 450MW POWER PLANT
The Aditya Vikram Birla Group said it is setting up a 450MW power
plant at Mangalore city in Karnataka state at a cost of around 23
bln rupees. - (Screaming Media - comtex, LENGTH=140 words)
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INDIAN STATE TO RECONSIDER ENRON POWER PROJECT
The western Indian state of Maharashtra  is looking at cancelling
the second phase of a 2,164-megawatt Enron  power project because
of escalating costs, reports said Monday. - (AFP, LENGTH=237 words)
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OMAN, U.S. FIRM AES INK BARKA POWER PROJECT
Oman on Sunday signed a 175 million rial ($455 million) contract
with U.S. firm AES Corp to build a 400-megawatt private power
plant, an Economy Ministry statement said. - (Reuters, LENGTH=336 words)
--> NEWS SUBSCRIBERS can access this article for free!

NEPAL KING INAUGURATES FIRST PRIVATE HYDRO-ELECTRIC POWER PROJECT
King Birendra on Monday inaugurated  Nepal's first private
hydro-electric power project, state-run radio  reported,
signalling a major step in the government's bid to attract
foreign investment to the sector. - (AFP, LENGTH=414 words)
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______________________________________________________________________

RENEWABLES
______________________________________________________________________

BIGGEST WIND FARM TO BUILD IN AUSTRALIA
The smallest state in Australia will build the biggest wind farm.
- (Screaming Media - comtex, LENGTH=117 words)
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______________________________________________________________________

PEOPLE
______________________________________________________________________

MARCIE EDWARDS TO HEAD MUNICIPAL UTILITY IN ANAHEIM
Marcie L. Edwards, director of bulk power for the Los Angeles
Department of Water and Power, will be the next general manager of
Anaheim Public Utilities. She will replace Edward K. Aghjayan, who
is retiring Dec. 28 after a decade at the California utility. -
(Public Power Weekly, LENGTH=268 words)
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JOSEPH W. BENNETT JOINS ENERCOM AS ACCOUNT EXECUTIVE
Enercom, Inc., announces the addition of Joseph W. Bennett, P.E.
to the firm. Bennett, who will be based in Phoenix, Arizona, will
be responsible for the company's business development and customer
care management activities. - (PR Newswire, LENGTH=408 words)
--> NEWS SUBSCRIBERS can access this article for free!

______________________________________________________________________

ENVIRONMENTAL
______________________________________________________________________

EIR FINDS FAULT WITH PG&E HYDRO AUCTION; PG&E'S TRANSFER PLAN DROPPED
In what could be major a setback for Pacific Gas & Electric's
valuation plans, a draft environmental impact report (EIR)
released on November 20 by the California Public Utilities
Commission found that the utility's proposed hydro assets auction
could pose a host of environmental risks [A99-09-053]. -
(California Energy Markets, LENGTH=610 words)
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CLEAN POWER: MEASURING COSTS
The utility industry was jolted recently by news of a $1.2 billion
clean-up agreement negotiated between a Virginia power company and
the Environmental Protection Agency. - (Screaming Media - comtex,
LENGTH=579 words)
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______________________________________________________________________

NUCLEAR
______________________________________________________________________

US: PPA ANALYSIS FOR ASSESSING SAFETY OF NUCLEAR WASTE
The study for safe disposal of radioactive waste generated from
nuclear power plants has been carried out since forty years -
(Screaming Media - comtex, LENGTH=552 words)
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CHERNOBYL PLANT SHUT DOWN BY POWER FAILURE
The Chernobyl nuclear power plant's sole working reactor was shut
down temporarily early Monday after a power failure caused by an
ice-covered power line. - (Screaming Media - comtex, LENGTH=283 words)
--> NEWS SUBSCRIBERS can access this article for free!

NRC TO MEET NORTHEAST UTILS ON SAFETY WORRIES AT MILLSTONE
The Nuclear Regulatory Commission will meet with Northeast Nuclear
Energy Co. on Tuesday, November 28, to discuss the agency's safety
concerns following inspections at the Millstone nuclear plant in
Connecticut. - (Reuters, LENGTH=621 words)
--> NEWS SUBSCRIBERS can access this article for free!

TAIWAN POWER SAYS 4TH NUCLEAR POWER STATION AWAITS CONSTITUTIONAL RULING
Taiwan Power Co said it is awaiting a constitutional ruling on the
construction of the fourth nuclear power station. - (Screaming
Media - comtex, LENGTH=194 words)
--> NEWS SUBSCRIBERS can access this article for free!

______________________________________________________________________

FINANCIAL
______________________________________________________________________

AIG SETS UP $750M POWER INVESTMENT FUND.
American International Group, a New York multi-line insurer and
investment company, is putting together a $750 million fund that
will invest in power and infrastructure projects, say bankers
familiar with its plans. - (Power Finance & Risk, LENGTH=165 words)
--> NEWS SUBSCRIBERS can access this article for free!
[ ] 55-22: You can request 4 FREE issues of Power Finance & Risk

______________________________________________________________________

INTERNATIONAL
______________________________________________________________________

SOUTH KOREA'S NATIONAL ASSEMBLY URGED TO REVIEW POWER BILLS
South Korea's Commerce, Industry and Energy Ministry has urged the
Industry and Resources Committee of the National Assembly to
review  the power industry reform bills by Friday, saying
legislative approval could be delayed by partisan maneuvering. -
(Screaming Media - comtex, LENGTH=206 words)
--> NEWS SUBSCRIBERS can access this article for free!

ENRON POWER PLANT BARGES MOVE TO EGBIN
The hope of having a steady and uninterrupted power supply in
Lagos would soon become a reality with today's planned movement of
the barges meant for the Lagos-Enron Independent Power Plant (IPP)
project from snake Island, where the barges were berthed since
their arrival last year, to Egbin, in the outskirts of Lagos, the
home of National Electric Power Authority (NEPA) thermal station.
- (Screaming Media - comtex, LENGTH=931 words)
--> NEWS SUBSCRIBERS can access this article for free!

MALAWI, MOZAMBIQUE POWER DEAL ON COURSE
The deal in which the Electricity Corporation of Malawi (ESCOM) is
expected to tap electric power from its Mozambican counterpart,
EDM, is in its final stages. - (Screaming Media - comtex,
LENGTH=430 words)
--> NEWS SUBSCRIBERS can access this article for free!

BRAZIL: ELECTRIC POWER TRANS & DISTR COMPANIES TO INVEST R$2BIL
The Brazilian electric power trans & distr companies will invest
R$2bil in R&D programs until 2005, according to a contract
executed between Aneel (Agencia Nacional de Energia Eletrica) and
CNPq (Conselho Nacional de Desenvolvimento Cientifico e
Tecnologico). - (Screaming Media - comtex, LENGTH=139 words)
--> NEWS SUBSCRIBERS can access this article for free!

TACKLING SUDAN'S ELECTRICITY SUPPLY PROBLEM
The proposed Ministry for electricity, separate from the existing
Energy and Mining Ministry, is expected in January 2001, according
to Presidential Affairs Minister, Abdulraheem Mohammed Hussein. -
(Screaming Media - comtex, LENGTH=775 words)
--> NEWS SUBSCRIBERS can access this article for free!

TURKMENISTAN BECOMES FIRST INVESTOR IN TALIBAN-HELD AFGHANISTAN
Turkmenistan has started work on a 2.5  million dollar power
project designed to supply electricity to Taliban-held northern
Afghanistan, official sources said Monday. - (AFP, LENGTH=193 words)
--> NEWS SUBSCRIBERS can access this article for free!

CHINA TO SPEED UP CONSTRUCTION OF POWER TRANSMISSION PROJECT
China will speed up the development of  electric power resources
in the west region to prepare for a hugewest-to-east electricity
transmission project. - (Screaming Media - comtex, LENGTH=524 words)
--> NEWS SUBSCRIBERS can access this article for free!

IBERDROLA REPORTEDLY STUDIES PURCHASE OF GERMANY'S ENVIA, VIAG GENERATION
Iberdrola SA is studying the acquisition of German power
distributor Envia and hydrolectric production assets from Viag AG,
the financial daily La Gaceta de los Negocios reported. -
(Screaming Media - comtex, LENGTH=58 words)
--> NEWS SUBSCRIBERS can access this article for free!

SPAIN'S ELECTRICITY COS SEEK 3 PCT TARIFF INCREASE IN 2001
Spain's electricity companies are calling for a 3 pct rise in
electricity tariffs in 2001 to offset the negative impact on their
balance sheets of higher oil prices and interest rates, Expansion
reported. - (Screaming Media - comtex, LENGTH=153 words)
--> NEWS SUBSCRIBERS can access this article for free!

POWERGEN TO REPAY 350 MLN STG OF BONDS FOR 490 MLN STG; 63 MLN STG
EXCEPTIONAL
PowerGen PLC said it is to repay 350 mln stg worth of sterling
bonds inherited with its acquisition of East Midlands Electricity
PLC in June 1998. - (Screaming Media - comtex, LENGTH=202 words)
--> NEWS SUBSCRIBERS can access this article for free!

___________________________________________________________________________

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<<Override Letter for LV Cogen Turbine Agreement.DOC>>

 Attached is the latest draft of the LV Cogen Override Letter.
 - Override Letter for LV Cogen Turbine Agreement.DOC


Be sure that Mark is aware of activity on this.  Has Caroline had an attorney
involved in this as Mark is the EnronOnline expert.
---------------------- Forwarded by Bob Shults/HOU/ECT on 12/13/2000 05:52 PM
---------------------------
From: Mark Taylor on 12/13/2000 05:33 PM
To: Bob Shults/HOU/ECT@ECT
cc: Andy Zipper/Corp/Enron@Enron, Daniel.Diamond@enron.com
Subject: Re: Hedge Fund and CTA list

Bob:

Our issues with hedge funds are somewhat complicated.  The threshold issue is
that they are severely limited by their fundamental documents (the prospectus
will spell out what they can invest in) so we have to review those documents
before trading.  That is more than we do for run-of-the-mill domestic
corporates and takes a lot  of legal resources that so far have been spent
elsewhere.

The other issue is more difficult because it is hard to peg down and relates
to regulatory uncertainty.  About a year ago a major hedge fund (Long Term
Capital) got into serious trouble and the regulators stepped in,
orchestrating a bail-out.  There was much wringing of hands and gnashing of
teeth in Washington afterwards and since then there have been a variety of
messages coming out of Washington relating to derivatives trading with hedge
funds - none of them good.  Our view is that the regulators will be paying
much closer attention to hedge fund trading of derivatives than in the past
and we don't want that spotlight shining on us.  [In case you're interested:
notwithstanding their name, hedge funds are speculators.  Much of the federal
regulation of derivatives has assumed that hedging -- as opposed to
speculation -- was safer and therefore more palatable.  The failure of a
large hedge fund might result in damaging ripple effects throughout the
financial markets.  Hence the regulators' heightened scrutiny.]

For both of these reasons, when EnronOnline was launched it was with the
internally stated policy that we would not give access to hedge funds (or
individuals - for similar reasons).

Commodity Trading Advisors can not trade on EnronOnline on behalf of their
customers just as Brokers cannot.

Mark

	Bob Shults
	12/12/2000 10:26 AM

		 To: Andy Zipper/Corp/Enron@Enron, Mark Taylor/HOU/ECT@ECT
		 cc: Daniel.Diamond@enron.com
		 Subject: Hedge Fund and CTA list

Andy as we discussed Harry will begin contacting the Hedge Funds.  Caroline
Abramo is starting to push the CTA's (for LME metals) and hedge funds
(metals, energy etc) through the credit hurdles and legal.  Mark, you have
visited this one before any comments?
---------------------- Forwarded by Bob Shults/HOU/ECT on 12/12/2000 10:17 AM
---------------------------

From:  Harry Bucalo
  12/12/2000 10:02 AM

To: Bob Shults/HOU/ECT@ECT, Daniel Diamond/HOU/ECT@ECT
cc:
Subject: Hedge Fund and CTA list

---------------------- Forwarded by Harry Bucalo/HOU/ECT on 12/12/2000 10:02
AM ---------------------------

Cai Palmer@MGUSA
12/11/2000 09:16 AM
To: Harry Bucalo/HOU/ECT@ECT, Craig Young/NY/ECT@ECT
cc: Daniel Diamond/HOU/ECT@ECT, Per Sekse/NY/ECT@ECT, TJ
Pimpinelli/NYC/MGUSA@MGUSA, Paul Radous/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT, Trena McFarland/NA/Enron@Enron, Vikas
Dwivedi/NA/Enron@Enron, Fred Lagrasta/HOU/ECT@ECT, Caroline
Abramo/Corp/Enron@Enron
Subject:

Harry,

Further to our conversation last week, I have listed below, in two segments,
the top CTAs who presently manage more than $100mill each, and the top Hedge
Funds, based upon their likelihood to manage assets in diversified markets,
that may include tangible commodities. My understanding of EOL is that it
presently caters primarily to this latter group and offers only tangible
commodity trading instruments.

As I explained, the principle difference between a Hedge Fund and a CTA
(Commodity Trading Advisor), is the manner in which they control the assets
that they are contracted to manage. In the case of a CTA, the money can not
be held by the CTA itself. The underlying investor will open a clearing
account with a respective Clearing House, the assets will remain in this
account and the CTA will trade based on the full monetary value of that
account - in many cases an investor may well fund this account with Notional
Funding. NF are 'abstract funds' not actually deposited at the Clearing
House, but acknowledged as being available should variation or original
margin be required. The CTA has no control over these funds. All monetary
transactions must be executed by the Clearing House, and must be authorized
by the investor. The CTA does have the ability to execute trades at an other
trading house - such as Enron, through a contractual document called an
International Uniform Give-Up Agreement. We have quite a few hundred of these
agreements in NY. Essentially, all parties involved in the execution of a
trade - the CTA, the Investor, the Executing Broker and the Clearing House,
agree to allow the CTA to trade wherever he/she wishes and Give-Up that trade
to the Investor's Clearing House. Since every regulated trade must ultimately
clear the respective exchange, for a CTA to trade OTC and Swap agreements,
would require prior notification to an investor that his/her money may be
required as collateral against such a trade, and would be required to be
deposited at Enron. A Hedge Fund has greater flexibility to trade such
instruments since in the majority of instances a Hedge Fund does exert
control over the funds it manages. A Hedge Fund typically structures its
investment vehicles as Off-Shore limited partnership funds. As such the Hedge
fund has direct control over the underlying assets and can move those assets
to wherever they may be required - if investing via Enron On-Line, it would
move the assets to Enron, for example.

This first list, below, is comprised of the top flight CTAs :

The following list is of Hedge Funds that I believe are trading Commodities
and other non-security investments. It is by no means complete ! :

I would be happy to make any introductions that I can to any of the above
names. Some we know well, others we may have to network ourselves into.
Caroline and I met a few weeks ago and I passed some names on to her - I am
not sure where that has got to yet, but if you need any further information
please call me.

Regards
Cai

Enron Trading Services Inc
520 Madison Ave., 28th Floor
New York, NY 10022
Tel: 212.715.5248
Fax: 212.715.2360
E-Mail: Cai.Palmer@enron.com


Daren,

Tom Martin wanted me to send you this info regarding the Valero RFP that Janet has as well.  Gas data is on the Excel sheet, RFP in the Word document has pipeline interconnects in Appendix D.  If you have any questions, don't hesitate to call me.

thanks,

Larry Jester
Enron Power Marketing Inc.
Phone:  713-853-5266
Fax:      713-646-8272

 -----Original Message-----
From: 	Jester, Larry
Sent:	Thursday, June 21, 2001 9:39 AM
To:	Wallis, Janet H.
Cc:	Ahn, Chris
Subject:	FW: Valero's Confidential Natural Gas Consumption Data

Janet,

I'm working with Chris on the Valero RFP.  Here is the 2000 data for Valero's gas consumption.  David Dyck at Valero did indicate that they would prefer one single supplier for the Corpus Christi #2 facility in particular.

Thanks,

Larry Jester
Enron Power Marketing Inc.
Phone:  713-853-5266
Fax:      713-646-8272

 -----Original Message-----
From: 	<DyckD@valero.com>@ENRON [mailto:IMCEANOTES-+3CDyckD+40valero+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 21, 2001 8:12 AM
To:	Jester, Larry; Buerkle, Jim
Subject:	Valero's Confidential Natural Gas Consumption Data

Larry and Jim,

Thank  you  for  expressing  your  interest  in responding to Valero Energy
Corporation's  Request  for Proposals for natural gas supplies. Please find
attached  a  file  containing  daily  consumption data for most of Valero's
major facilities in Texas, California and New Jersey. Certain other smaller
accounts  such  as  Valero's asphalt plants in California and Texas are not
represented at this time.  In lieu of daily data for these accounts, Valero
intends  to  provide  summary level data in the near future. Daily data for
the  Clearlake  methanol  plant  will  be  provided at a later date when it
becomes available. In the meantime, please refer to the RFP for the summary
data  and  associated  discussion  regarding  the  market  environment  for
domestic methanol production.

Please  treat  the  provided  data  as confidential per the Confidentiality
Agreement executed between Valero and your company. Power use data has been
sent  via  overnight  mail.  As  questions  arise,  please  send them to my
attention.

Thanks,

Dave

(See attached file: Valero_Facilities_Natgas.xls)
 - Valero_Facilities_Natgas.xls  [Larry Jester]


I have no copy of the waiver letter, nor do I have any idea how it fits into
any of these transactions.  I might add, I never have received a copy of any
of the Raptor 3 swaps evidencing execution in final form etc.  Mary

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

	Joel Ephross@ENRON
	11/14/2000 08:45 PM

		 To: Robert Eickenroht/Corp/Enron@ENRON
		 cc: mspradling@velaw.com, dbarbour@andrews-kurth.com, Mary Cook/HOU/ECT@ECT
		 Subject: Re: TNPC; Lockup Waiver Letter

Hi Robert.
 I have reviewed the waiver briefly, and have also faxed it to Gareth
Bahlmen, Mark Spradling and David Barbour since they were invloved in the
Raptor 3 and Hawaii structures, which invlolved the EES warrants. I may be
reading the waiver incorrectly, but I think that it goes to far in (ii)  by
providing that "Such Transactions can only be settled in cash and not by
delivery of the undlerlying Securities...."

Why should the underwriter care how I settle, as long as it is not in shares
of the underlying security.

since the underlying derivative involves a swap, I am copying Mary Cook with
the letter as well.

	Robert Eickenroht
	11/14/2000 02:27 PM

		 To: Joel Ephross/Corp/Enron@ENRON
		 cc: Jimmie Williams/HOU/EES@EES
		 Subject: TNPC; Lockup Waiver Letter

Joel:

I wanted to get your comments to the Lockup Waiver Letter with Credit Suisse
First Boston that I drafted and previously circulated to you and to Jimmie
Williams.  Jimmie did not have any comments.  I would like to get any
comments you have and forward the draft to CSFB.

Thanks,
Robert


OK, here's my 2 cents' worth:

Avale Corp.
I also like Enable.
I think either one would look fine on an EBB list of customers...

Also -- any name we choose could include the words Capacity Management.  But
I'm not sure we want to or need to be that descriptive.

Jeffery Fawcett
12/08/2000 02:04 PM
To: Susan Scott/ET&S/Enron@ENRON
cc: Steven Harris/ET&S/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, TK
Lohman/ET&S/Enron@ENRON, Christine Stokes/ET&S/Enron@ENRON, Michelle
Lokay/ET&S/Enron@Enron, Lorraine Lindberg/ET&S/Enron@ENRON, Lindy
Donoho/ET&S/Enron@ENRON

Subject: NewCo names

Here's my best shot(s):

NatCom Energy Services, Inc.

Streamline Energy Services, Inc.

Handyman Energy Services, Inc.

Enable Energy Services, Inc.  (var. Enerable)


I can't get into this....any ideas?
---------------------- Forwarded by John Arnold/HOU/ECT on 10/14/2000 05:12
PM ---------------------------

Christa Winfrey
10/06/2000 06:00 PM
To: Chris Abel/HOU/ECT@ECT, Darin Talley/Corp/Enron@ENRON, Alisa
Green/HOU/ECT@ECT, Eugenio Perez/HOU/ECT@ECT, Faith Killen/HOU/ECT@ECT, Gary
Hickerson/HOU/ECT@ECT, Gary Stadler/Enron Communications@Enron
Communications, Greg Whalley/HOU/ECT@ECT, Cliff Baxter/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, John Sherriff/LON/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Kimberly Hillis/HOU/ECT@ect, Kevin M
Presto/HOU/ECT@ECT, Michael Benien/Corp/Enron@ENRON, Mark Frank/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Patricia
Anderson/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT, Rudi
Zipter/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Tim
Belden/HOU/ECT@ECT, Trey Hardy/HOU/ECT@ect, Tammy R Shepperd/HOU/ECT@ECT,
Veronica Valdez/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Wes
Colwell/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT,
David W Delainey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Jeffrey A
Shankman/HOU/ECT@ECT, Cassandra Schultz/NA/Enron@Enron, Daniel
Falcone/Corp/Enron@ENRON, Frank Hayden/Corp/Enron@Enron, Frank
Prejean/HOU/ECT@ECT, James New/LON/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Kevin
Beasley/Corp/Enron@ENRON, Kevin Sweeney/HOU/ECT@ECT, Liz M
Taylor/HOU/ECT@ECT, Minal Dalia/HOU/EES@EES, Nelson Bibby/LON/ECT@ECT, Scott
Earnest/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Thomas Myers/HOU/ECT@ECT,
George McClellan/HOU/ECT@ECT, Eric Groves/HOU/ECT@ECT, John
Massey/HOU/ECT@ECT, Jeff Smith/HOU/ECT@ECT, Kevin McGowan/Corp/Enron@ENRON,
Mason Hamlin/HOU/ECT@ECT, Kenneth Lay/Corp/Enron@ENRON, Joseph W
Sutton@Enron, Jeffrey K Skilling@Enron, LaCrecia Davenport/Corp/Enron@Enron,
Rebecca Phillips/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT, Stacey W
White/HOU/ECT@ECT, Vladimir Gorny/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT, Sunil
Dalal/Corp/Enron@ENRON, Fletcher J Sturm/HOU/ECT@ECT, Gabriel
Monroy/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT,
Christopher F Calger/PDX/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT, W David
Duran/HOU/ECT@ECT, Georgeanne Hodges/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT,
Janet R Dietrich/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Julie A
Gomez/HOU/ECT@ECT, Jill Louie/CAL/ECT@ECT, Jean Mrha/NA/Enron@Enron, Jere C
Overdyke/HOU/ECT@ECT, Jody Pierce/HOU/ECT@ECT, John Thompson/LON/ECT@ECT,
Kathryn Corbally/Corp/Enron@ENRON, Laura E Scott/CAL/ECT@ECT, Michael S
Galvan/HOU/ECT@ECT, Michael Miller/EWC/Enron@ENRON, Mark Tawney/HOU/ECT@ECT,
Paula McAlister/LON/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, Rodney
Malcolm/HOU/ECT@ECT, Rob Milnthorp/CAL/ECT@ECT, Scott Josey/Corp/Enron@ENRON,
Andrea V Reed/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Chris
Komarek/Corp/Enron@Enron, Cris Sherman/HOU/ECT@ECT, David Leboe/HOU/ECT@ECT,
Gail Tholen/HOU/ECT@ECT, Greg Whiting/Corp/Enron@ENRON, Herman
Manis/Corp/Enron@ENRON, Hope Vargas/HOU/ECT@ECT, Lon Draper/CAL/ECT@ECT, Mary
Lynne Ruffer/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON, Stephen
Wolfe/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT,
Jonathan McKay/CAL/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Mike
Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Andrew, Andrew R Conner/HOU/ECT@ECT, Bob
Crane/HOU/ECT@ECT, John Jacobsen/HOU/ECT@ECT, Matthew Adams/Corp/Enron@ENRON,
Steven Kleege/HOU/ECT@ECT, Tracy Beardmore/NA/Enron@Enron, Robert
Richard/Corp/Enron@ENRON, Timothy M Norton/HOU/ECT@ECT, Michael
Nguyen/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Eric Moon/HOU/ECT@ECT, Jenny
Latham/HOU/ECT@ECT, Valarie Sabo/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT, Vince
J Kaminski/HOU/ECT@ECT
cc: Vern Vallejo/HOU/ECT@ECT, Sally Chen/NA/Enron@Enron, Annemieke
Slikker/NA/Enron@Enron, Kristin Walsh/HOU/ECT@ECT
Subject: Executive Reports Viewer: NEW LOCATION

As of midnight, Saturday, October 7th, the Executive Reports Viewer will no
longer be accessible at its current location, due to IT modifications.  The
system has been redesigned to allow access via Internet Explorer (you cannot
use Netscape).  The new location is http://ersys.corp.enron.com.
This change will ONLY affect the viewing of the reports; it will NOT impact
the publishing of the reports.

A shortcut icon can be created by dragging the Internet Explorer Logo
(located in the address field next to the URL) to the desktop.

If you have any questions, please do not hesitate to call Kristin Walsh at
3-9510 or myself at 3-9307.

Thank you for your understanding,
Christa Winfrey


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/14/2000
01:22 PM ---------------------------

	Enron North America Corp.

	From:  Amy Gambill @ ENRON                           11/14/2000 11:34 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Potential fit for your group

Jeff,
I'm the researcher who works with Ted Bland and has been surfacing
Associate/Analyst type resumes for you and Lavorato (the binders we gave you
guys).  Attached is the resume of a personal friend of mine, Robert Brown
(Bobby), who may be a good fit for your group.  He is a '97 University of
Pennsylvania graduate (3.1 GPA) with a degree in Economics and an
International Finance concentration.  Additionally, he holds Series 7, 63, 65
licenses.

Bobby had expressed an interest in Enron to me some time ago, but didn't want
to pursue anything at the time as he was going to be traveling for quite a
while.  He contacted me last week, ready to explore opportunities at Enron.
Upon reading his resume, I felt it is very much in line with many of the
other resumes I'd surfaced for you and Lavorato to you last month (given to
you by Ted Bland).  He's very bright, ambitious and I feel would fit very
well into the Enron environment.

Let me know what you think and don't hesitate to call if you have any
questions!
Amy
x58034
>
>

 - Resume.doc


Unfortunately, these new dates don't work for me.  My children's spring break
is next week, March 12-16,  I will be out of the office that week on
vacation, taking my own daughter to look at colleges!  --Sally

Geynille Dillingham
03/07/2001 01:13 PM
To: Cindy Olson/Corp/Enron@ENRON, Jean Mrha/NA/Enron@Enron, Mariella
Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sally Beck/HOU/ECT@ECT, Michelle
Cash/HOU/ECT@ECT, Christie Patrick/HOU/ECT@ECT, Kelly H Boots/HOU/ECT@ECT,
Jennifer Fraser/HOU/ECT@ECT, Mog Heu/NA/Enron@Enron, Sabina
Rank/NA/Enron@Enron, Grace Kim/NA/Enron@Enron, Kim Wilkie/ET&S/Enron@ENRON,
Carol Jean Marshall/HOU/ECT@ECT, Elizabeth Shim/Corp/Enron@ENRON
cc: Kathy McMahon/NA/Enron@Enron, Melissa Jones/NA/Enron@ENRON, Isabel
Romero/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Patti Thompson/HOU/ECT@ECT,
Twanda Sweet/HOU/ECT@ECT, Mary Border/Corp/Enron@Enron, Gloria Solis/HOU/ECT
Subject: Wellesley Interview reschedule dates

Hello Team!!!

The rescheduled Wellesley interview dates are confirmed for March 13th and
14th.  The tentative dates did not work because it was Spring Break for the
students.  The Pre-Interview Reception will take place the 12th.  I am in
need of interviewers still.  I am scheduling the same greeters to return.
The participants so far are the following:

Pre-Interview Reception First Round  Second Round
Geynille Dillingham  Vacant (I)  Jean Mrha
Sabina Rank   Sabina Rank (G) Vacant (I)
Vacant (I)   Vacant (I)  Grace Kim (G)
    Geynille Dillingham Geynille Dillingham

Please call me or e-mail as soon as possible if you can attend.  As you can
see I need three interviewers.

Thanks, Geynille


FYI
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/13/2000
08:40 PM ---------------------------

Daniel Reck
07/10/2000 06:03 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Dow Jones Gas vs. Coal feature

FYI

=DJ Pricey Natural Gas May Alter New US Power Plant Options

  HOUSTON (Dow Jones)--High natural gas prices could slow the stampede to
build
as much as 140,000 megawatts of new electric generation across the U.S. and
give
new coal technology the boost it needs to compete economically with gas in
the
future.
  While market observers say the recent level of the price of natural gas -
above $4.00 per million British thermal unit since late May - may not be
sustainable, many expect gas to remain above $3.00/MMBtu for the foreseeable
future.
  The jump in gas prices is blamed on a number of factors, from increased
demand
to fuel new power plants to stagnant U.S. gas production and a lack of
available
gas reserves in storage.
  Pricier gas could create a variety of effects on future electric
generation:
from damping interest in building some new gas-fired plants to improving
economic prospects for investment to upgrade or build new coal-fired plants.

  Current gas prices are off the chart when compared to existing forecasts
from
the Energy Information Institute, part of the U.S. Department of Energy. EIA
projects the average U.S. wellhead price of gas will only rise to
$2.81/MMBtu by
2020, up from an average of $1.96/MMBtu in 1998, a jump of 43%. EIA predicts
coal prices will fall by 28% during the same period.
  Continued high natural gas prices may mean some proposed combined-cycle
gas
plants are never built, predicts a Midwest utility coal buyer. "It's awfully
hard for a combined-cycle gas plant to compete with coal. No way they can do
it
at these prices."
  However, a recent report from Raymond James and Associates Inc., concluded
that gas-fired generation will still be economical this summer even if gas
prices climb above $7.00/MMBtu because of high power prices in most regional
US
wholesale markets.

  Future Gas Supply Questioned; Coal Won't 'Go Away'

  "The gas turbine generation trend is not over, not by a long shot," said
the
Raymond James report. "Gas turbines use gas more efficiently than the
nation's
fleet of older, conventional boiler-driven generators that are fired by gas.
The
efficiency gains enabled by gas turbine generation will be more valuable as
gas
prices rise."
  While gas-fired plants are much cheaper and quicker to build than
traditional
coal-fired plants, many industry observers doubt that U.S. gas supply can
grow
to meet future demand, expected to reach 30 trillion cubic feet or more per
year
by 2020.
  "Coal will not go away," said Steve Bergstrom, president of Dynegy Inc.
(DYN).
"The coal industry will figure it out. There are too many jobs involved and
it's
too cheap."
  Bergstrom expects the rapidly expanding appetite for electricity across
the
U.S., which is growing 3% per year, will require additional generation from
many
fuel sources.
  "You'll see gas will be used in most of the additional generation for the
next
four to five years," he predicted. "In the latter half of the decade, you'll
see
other alternatives, like coal, come into play. Technology will create
changes."
  Even some independent power producers who are rushing to build gas-fired
power
plants in the U.S. admit the recent price of gas, if prolonged, is a threat.

  Bob Kelly, Calpine Corp.'s (CPN) senior vice president, said his firm's
fleet
of 40,000 MW of highly efficient natural gas plants to be in place by 2004
will
be profitable even with gas at $4.00/MMBtu, but he expects owners of
coal-fired
plants to make additional capital investment to keep those plants running as
well.
  "If gas stays $4.00 forever, you'll see more coal plants. It will make
sense
to put scrubbers on," said Kelly.

  Southern Co. Evaluating Coal-to-Gas Technology

  Gas has to compete on price with other available fuel, agreed Bob Carter,
chairman of Panda Energy International. Carter told Dow Jones Newswires late
last month that the idea of new coal-fired generation is "very possible."
  In fact, the jump in gas prices has given a boost to Southern Co.'s (SO)
effort to build a first-of-its-kind coal plant that seeks to be cost and
environmentally competitive with natural gas, said Charles H. Goodman,
Southern
Co.'s vice president for research and environmental affairs.
  Southern, with major DOE funding, recently announced a major advance in
its
effort to utilize coal in a more efficient and less polluting fashion to
generate electricity.
  The new process combines use of a "transport reactor," a device based on
existing technology used to "crack" crude oil into lighter products, to turn
coal into a gas which is then burned in a combustion turbine much like
natural
gas.
  In its gaseous form, coal can be cleaned of many of its pollutant-forming
impurities such as sulfur dioxide, nitrogen oxides and particulate matter,
Goodman said.
  The key to the technology is the ability to burn the coal gas in a highly
efficient gas turbine rather than burning it to make steam to turn a
turbine, he
added.
  The new technology can produce 100 megawatts of power with two-thirds less
coal than a traditional boiler-type coal generator, said Goodman.
  And higher natural gas prices could move this technology closer to a
reality.
  "The urgency of getting on with this (coal technology) is the forecast for
gas
prices," said Goodman. "At $2.50/MMBtu, it's a bigger stretch for this coal
plant (to compete with gas) than at $3.00 or $3.50/MMBtu."

  New Coal Technology May Also Address Emissions

  Goodman said Southern hopes to make a decision in the second half of 2001
on
whether to build a commercial power plant with the coal gasification
technology
now being tested at Southern's Power Systems Development Facility in
Wilsonville, Ala.
  If gas prices stay high or remain volatile, Goodman said that will
influence
the timing, size and other variables associated with building the first
full-size plant to burn coal gas in this manner.
  "The $64 question is the price of gas," said Goodman. If gas is cheap and
plentiful, utilities will have a harder time investing in coal technology,
he
said.
  But because the U.S. has abundant coal resources, Goodman predicts the
coal-to-gas technology could eventually be used not only for new plants but
to
repower existing coal plants in a way that addresses air quality concern.
  Other partners in the Power Systems Development Facility include the
Electric
Power Research Institute, Foster Wheeler Corp. (FWC), Halliburton's Kellogg
Brown & Root (HAL), Peabody Group, Combustion Power Corp. and
Siemens-Westinghouse Power.

  -By Eileen O'Grady, Dow Jones Newswires; 713-547-9213;
eileen.ogrady@dowjones.com <mailto:eileen.ogrady@dowjones.com>

  (END) DOW JONES NEWS  07-10-00

  04:22 PM

- - 04 22 PM EDT 07-10-00
:TICKER: CPN DYN FWC HAL SO
:SUBJECT: CNHV EUTL OILO OILE CA GA NJ TX COMM INDG
Copyright (c) 2000 Dow Jones and Company, Inc.
Received by NewsEDGE/LAN: 7/10/00 3:27 PM


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/12/00
Transaction Summary
External Transactions Today	3,853
Average Daily External Transactions (30 day Trailing Avg)	4,363
Total Life to Date Transactions	519,543

EnronOnline Daily % of Entity's Total Transactions for 12/12/00	Trans	Percent
Enron North America	3,139	76%
Enron Europe Limited	186	36%
Global Products	103	24%
Enron Metals	425	14%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,907,809,629
MTD	33,542,282,802
LTD	312,712,699,847
Average Daily Notional Value (30 Day Trailing Avg)	3,421,867,459

Notional Revenue from Physical Flows to Date	20,686,492,328

Counterparties, Users, and Products Offered
Counterparties having transacted to date	607
New Counterparties transacting for the first time today	4
Number of Products Offered Today	1,046
Total Number of External Users Logged on Today	3,256
Average # of External Users logged on (30 day Trailing Avg)	2,979


-----Original Message-----
From: Sample, Matt
Sent: Tuesday, July 10, 2001 3:30 PM
To: Dunn, John; Paxton, Christopher; Cherry, Beth; Lindner, Fred; Oland,
Kristen; Crow, Laura; Nguyen, Michael
Subject: Movie Nights
As many of you know already, Final Fantasy opens tomorrow, but I'll be seeing it Thursday evening with whoever wants to come along.  Because my Evolution team and I have yet to make it to that one, I suggest we go see it tomorrow evening when Final Fantasy will draw the biggest crowd away from Evolution.  Please email me if you can make a 7 or 8 showing.
-Matt


Not urgent.

Rod Nelson would like a copy of the FUNB Schedule/CSA.  He'll be doing the
Enron Credit Ltd. master.  Thanks.

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


Notice No. 02-56
February 19, 2002

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

FROM:	Michael Campanelli, Vice President
				Floor Operations / COMEX Division

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

The expiration date for the March 2002 options contract for Copper (HXH2)
and Aluminum (OAH2) is Monday, February 25, 2002.
	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 on-line
trade entry ("OLTE") system trained representative available until released
by the Exchange staff.  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.

Exchange Clearing (299-2110) and Trade Processing (299-2465 and 299-2044)
personnel 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.

Failure by any Clearing Member or qualified Floor Trader to comply with
procedures as outlined herein may result in severe disciplinary action by
the Exchange and potential financial liability to customers or members for
failure to exercise diligence in the processing of information.

	TRADING FLOOR OPERATIONAL PROCEDURES

Trading in the March 2002 Copper and Aluminum Options Contracts will cease
at 1:00 P.M. and 1:10 p.m. respectively on February 25, 2002.  All Brokers
and Traders must inform their Clearing Members of their intentions to
exercise or abandon such Options by 3:00 P.M.

On Monday, February 25, 2002, all Brokers and Clearing Members must have a
duly authorized, On-Line Trade Entry ("OLTE") system trained representative
available until such time as the Exchange deems necessary.

NOTE:	After 3:30 P.M. all expiring option trade data must be inputted on
special "OLTE" terminals located in the Trade Processing Room.  Any other
means of submission will be rejected by the Exchange.  Members will be able
to submit all other trade data until 4:00 P.M.

After the Unmatched Trade Reports and the Preliminary Spot Month Matched
Trade Reports are displayed, Clearing Member representatives will be able to
pick up their Preliminary Clearing reports at the Clearing Department.

A final review of all submissions will be made.  The Supervisor of the Trade
Processing Room will detain only those Clearing Members and/or Broker
representatives involved.  All final corrections will be made at this time
and upon determination of the Supervisor that all option processing is
complete, all representatives will be released.

Exchange Reports based on Monday's submissions and processing will be
available on Tuesday morning February 26, 2002.

In the event that you have any questions regarding these trading floor
procedures please contact Michael Campanelli at (212) 299-2072 or David
Sherman at (212) 299-2061.

				CLEARING DEPARTMENT OPERATIONAL PROCEDURES

1.	OPEN POSITION CONFIRMATION ("OPC") - The OPC should reflect as
accurately as possible all futures and options gross positions as of
close-of business on the business day prior to expiration.  Review the
estimated current gross positions as shown and make appropriate adjustments.
The OPC must be submitted not later than 9:00 A.M.

2.  	OPTIONS EXERCISE/ABANDONMENT REQUESTS FORM ("E/A") - An expiring
option with a strike price in-the-money by one tick or more will be subject
to automatic exercise unless an Option Abandonment Request form is submitted
advising that a Clearing Member ("CM") elects to abandon some or all of its
position in that strike price (i.e., for the option series).  All other
options series in the expiring month will be subject to automatic
abandonment unless an Option Exercise Request form is submitted.  When
submitting an E/A form, please note the following:

(a)	An E/A form must be submitted not later than 4:00 PM.
(b)	Do not submit an Exercise form for positions in strike prices which
are subject to automatic
		Exercise nor submit an Abandonment form for positions in
strike prices which are subject to automatic abandonment.
(c)	If a CM wishes to submit an E/A form to abandon a position in a
strike price subject to automatic exercise or wishes to exercise a position
in a strike price which is out of the money, it is necessary to notify
Clearing by telephone of such anticipated action.  The CM must have an
officer available to confirm such intention.
(d)	CMs may secure from Clearing a time-stamped receipt of the CM copy
to assure submission 	of the CM's E/A forms.

3.	OPTION POSITION REDUCTION REQUEST FORM ("OPRR") - As a general rule,
purchases and sales of option contracts are presumed to be new business.
If some or all of your purchases and sales are in fact undertaken for
position liquidation purposes, OPRR forms may be submitted on the day of
expiration and will be used in conjunction with trade data to reduce your
projected position in an expiring contract.  OPRR requests in excess of
actual traded volume will be rejected.  Exception: Cabinet trades and cancel
correction trades will automatically liquidate existing positions, therefore
do not submit an OPRR form for cabinet or cancel correction trades.
The OPRR form must be submitted not later than 4:00 PM.

4.	HOUSE/CUSTOMER POSITION TRANSFER REQUEST FORM ("H/C") - H/C forms
may be used only to transfer previously cleared contracts between a CM's
house and customer accounts.  Problem trades (those which have not cleared
prior to expiration day) must be corrected using COMEX's on-line trade entry
system under the direct supervision of the Trade Audits Department of COMEX
("Trade Audits").  The H/C form must be submitted not later than 2:30 PM.

5.	EX-PIT POSITION TRANSFER REQUEST FORM ("Ex-Pit") - Ex Pit forms may
be used only to transfer previously cleared contracts between CMs.  Problem
trades (those which have not cleared prior to expiration day) must be
corrected on the on-line trade entry system under the direct supervision of
Trade Audits.  The Ex-Pit form must be submitted not later than 2:30 PM.

	*****
A)	At approximately 3:15 PM, two PRELIMINARY reports of the expiration
process will be available for distribution at the NYMEX Clearing Department:
1.	OPTION EXPIRATION REPORT AND CONFIRMATION - The purpose of this
report is to project the CM's present position going into the expiration
based upon the transactions which have already been submitted to Clearing.
CMs should review and modify their adjusted gross positions as of
close-of-business on the business day prior to expiration.  Further
adjustments may be submitted not later than 4:00 PM.  The projected ending
gross positions will reflect transactions accepted or rejected for clearance
on expiration night, inclusive of Ex-Pit, H/C and OPRR transactions which
have been submitted to Clearing prior to 2:30 PM, and trade information
submitted to COMEX prior to 2:45 PM.  Normally, this report will also
reflect manually submitted Exercise and Abandonment instructions, the
projected number of exercises and maximum potential assignments for each
strike price, the type of exercise (manual or automatic), whether the strike
is In, At or Out of the money, and the exercise value associated therewith
based on settlement prices established by COMEX on the day of expiration.

2.	TRANSACTION LISTING - This listing will include in detail all
expiring option trades submitted to COMEX prior to 2:45 PM on expiration
day, and all H/C, ExPit, OPRR and E/A transactions submitted to Clearing
Prior to 2:30 PM.

		Please note: Trade information reflected on the option
expiration report and transaction listing are trades submitted only. To
inquire whether trades have matched, each CM must review the trade reports
provided by COMEX's On-Line Trade Entry ("OLTE") system.

B)	At approximately 4:30 PM, FINAL reports of the expiration process,
including all submissions to Clearing and trade information submitted to
COMEX made by 4:00 PM, will be available for distribution at the NYMEX
Clearing Department.

C)	At 4:45 PM, Preliminary In The Money Abandonment and Out Of The
Money Exercise information will be announced on Fast Facts.

D)	At Approximately 6:30 PM, a Final Notice of Exercise/Assignments
will be available in each CM's lockbox located at the NYMEX Clearing
Department.  Each CM which has exercised or been assigned one or more
options will receive a separate statement showing exercises and/or
assignments for each option series.  Please check this statement carefully.
Although long options positions in-the-money by one tick or more will be
automatically exercised, not all short option positions will be assigned if
there are any options manually abandoned at such strike prices.  Please note
that there also may be some at or out-of-the money options being exercised.

E)	At approximately 7:30 PM, the final set of clearing sheets will be
available in each CM's lockbox located at the NYMEX Clearing Department.

It is strongly recommended that each CM have a representative(s) that is
properly trained to handle the option expiration process available beginning
at 3:15 PM and who will receive the CM's reports at the specific times.  It
is solely the responsibility of the CM to review these reports and to notify
the Clearing staff immediately of any discrepancies.

To obtain the exact time of the availability for each report, clearing
members should call (212) 301-4871, access code 701.  The announcement time
will occur 1/2 hour prior to availability.

Attached please find a Clearing Member Procedure Summary for ease of
reference.  Please contact Anthony DiBenedetto at (212) 299-2152 or John
Ramos at (212) 299-2142 if you have any questions.


As of Friday, October 13, it seems that this student had not heard back from
Enron.  What is the timeline for getting back to students regarding Super
Saturday?
---------------------- Forwarded by Sally Beck/HOU/ECT on 10/17/2000 04:36 PM
---------------------------

Irfiman@aol.com on 10/13/2000 01:15:38 AM
To: <sally.beck@enron.com>
cc:
Subject: Interview- 10/4

Dear Ms. Beck,

I want to thank you for interviewing me for the analyst position last week.
I enjoyed meeting you and learning about your work.  My enthusiasm for the
position and my interest in working for Enron were strengthened as a result
of the interview.

I believe that my background and experience fit nicely with the job
requirements, and I am sure that I could make a significant contribution to
the firm.  I have not heard back yet and would appreciate any information you
can give.

Thank You,

Irfan Iqbal


Scott:

Thanks.  These summaries are extremely well done and highly valued within the
company.  Thanks for the great work.

Best,
Jeff

	Scott Govenar <sgovenar@govadv.com>
	01/24/2001 05:52 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, David Parquet <David.Parquet@enron.com>, Rick
Johnson <rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra
McCubbin <Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick
Shapiro <rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan
Comnes <acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Mary Hain
<mary.hain@enron.com>, Joe Hartsoe <Joe.Hartsoe@enron.com>, Donna Fulton
<Donna.Fulton@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>
		 cc:
		 Subject: Rod Wright briefing

Assemblyman Rod Wright held another one of his informal discussions with
generators, IOUs and marketers.  This is what he said:

Assembly Speaker Robert Hertzberg is going to introduce a bill tomorrow
at 11:00 a.m. which will contain many of the same elements in ABX 1,
minus the 5.5.  This will be a more comprehensive bill which will
address arrearage, securitization and include some type of a stop loss
mechanism among other things.  It is unclear whether or not the bill
will be voted on tomorrow or held until Monday, but there will be a
hearing at 2:00 p.m.

SBX 1 will probably be heard tomorrow as well, although it is not clear
what action if any the Senate Energy Committee will take.

There are ongoing discussions about the state creating a transmission
corporation to operate but not own the transmission system.

There are ongoing discussions about allowing DWR to buy existing block
forward contracts, however the courts today issued a stay to prevent SCE
or the PX from taking any actions on the contracts until at least
February 2.

There are ongoing discussions about issuing ratepayer bonds in place of
the full faith and credit of the state which was absent from the DWR
RFB.

Sempra requested that the legislature repeal Utilities Code Section
355.2 which prevents IOUs from buying outside the PX.

Other items which arose today:

We spent the day meeting with legislators regarding expedited siting.
The response was positive, including from Senator Byron Sher who is the
key environmentalist in the legislature.  Our initial focus has been on
the trouble with getting air credits.

Governor Davis held a press conference moments ago where he indicated
that the average bid price for the DWR RFB is 6.9.   I will forward the
press release in the morning.

I have attached a press release from Governor Davis regarding the new
ISO board which includes information on the new members.

http://www.governor.ca.gov/state/govsite/gov_htmlprint.jsp?BV_SessionID=@@@@08
58855136.0980390190@@@@&BV_EngineID=faljlleidkhbemfcfkmchcgi.0&sFilePath=%2fgo
vsite%2fpress_release%2f2001_01%2f20010124_a01024_.html&sTitle=GOVERNOR+DAVIS+
ANNOUNCES+FIRST+MEETING+OF+NEW+ISO+BOARD&sCatTitle=Press+Release&iOID=13102


She is there in her capacity as WGSI until you agree with me that Enron
should oppose this bill.  Hint, hint.  Have you heard from Harry or Jim S.
or Parquet?  Mike

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:51 AM
To: MDay
Cc: Harry.Kingerski@enron.com; James.D.Steffes@enron.com;
'Jeff.Dasovich@enron.com'; Leslie.Lawner@enron.com; MDay;
Paul.Kaufman@enron.com; Susan.J.Mara@enron.com
Subject: RE: AB 23XX Bad Bill Alert

Thanks very much.  I'm assuming that Bev is there in her capacity as
lobbyist for Wild Goose on this one?

Can you please let me know 1) the outcome of the meeting and 2) any actions
the group intends to take.  I'm here in Sacramento, have alerted Hedy, told
her that we're trying to gather more intelligence, and that you and your
client are attempting to get folks together to mount opposition.  Give me a
call on my cell phone to fill me in on what the group decides.

Finally, what information do you have about where generators and other
large customers groups (i.e., CMTA, the Chamber and CLECA) are on the bill?

Best,
Jeff

                    MDay

                    <MDay@GMSSR.c        To:     "'Jeff.Dasovich@enron.com'"

                    om>                  <Jeff.Dasovich@enron.com>,

                                         James.D.Steffes@enron.com

                    07/17/2001           cc:     Harry.Kingerski@enron.com,

                    12:38 PM             Paul.Kaufman@enron.com,
Susan.J.Mara@enron.com,
                                         Leslie.Lawner@enron.com, MDay
<MDay@GMSSR.com>
                                         Subject:     RE: AB 23XX Bad Bill
Alert

Jeff;
In response to your questions, I cannot explain why everyone missed this
bill in the past, I have raised it to the attention of my clients twice in
the last two months.  However, now that it is moving they have got the
message.  Williams (Kern River) is going to host a meeting today to create
a
coalition to oppose the bill.  Bev Hansen knows where the meeting will take
place.  In addition to Williams, I understand that Questar, WSPA, and other
retail customer groups will join the coalition and oppose the bill.  My
client Wild Goose will also be listed in opposition, but they don't carry
that much clout or name recognition so far.  I am hopeful that other groups
will surface soon.

As for the bill itself, the problem is two fold.  First, the CPUC decides
what infrastructure to build at the request of the utilities.  They take
input from customers, but Loretta is a command and control type all the
way,
and she will try to scare away private capital investment by interstate
pipelines by mandating that the utilities build a gold-plated
state-regulated system.  While the bill does not (and cannot legally) bar
interstate pipelines from coming into the state, it has provisions which
will prevent large customers from signing up with the interstates.  The
large customers have to commit to take firm service on a 5 year basis with
exit fees.  If they don't take this, they can only get interruptible
service
from the utilities.  Many if not all large customers, especially generators
cannot afford to take partial service from an interstate and have only
interruptible access to the LDC system.  This is the same dilemma that the
RLS tariff caused.  My belief is that the obligation on the part of the
commission to provide the utilities with cost recovery for the new
investments will be used as justification by the utilities for another
attempt to reinstitute the RLS tariff or an onerous peaking rate.  The
Commission will impose a premium price on service to customers who have not
undertaken the firm 5 year commitment and will therefore be unable to
economically take partial requirements service from an interstate.  My view
is based on Sempra's reaction to the current peaking rate proposed decision
and statements by Lynch's office.  This could interfere with Enron gas
sales
over the interstates, and would certainly threaten any Transwestern plans
for building across the border into California, although that does not
appear to be a high priority at this time.  This bill will also make it
more
costly to develop gas supply arrangments for new power plants which had
hoped to direct connect to interstate pipeline capacity for a portion of
their needs.

Please call if you have further questions.  Mike Day

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:09 AM
To: James.D.Steffes@enron.com
Cc: Harry.Kingerski@enron.com; Paul.Kaufman@enron.com;
Susan.J.Mara@enron.com; Leslie.Lawner@enron.com; MDay@GMSSR.com
Subject: Re: AB 23XX Bad Bill Alert

I've taken a quick look at the bill and have attached for easy viewing.
Few questions.

Mike,
   I understand from our conversation yesterday that your following this on
   behalf of Questar.  Do we know if the other pipelines have been active
   in any discussions on this bill?
   What about the generators?  Have then been involved, since presumably,
   their in need of lots more capacity (and they're referenced in the
   bill)?
   What about large customers?  They been screaming for more
   infrastructure, too, and many have blamed SoCalGas (and the PUC) for not
   delivering it.
   Do we know if pipelines, generators, large customers are supporting or
   opposing the bill?  I'll try to check around, too, in between the
   electric mayhem.
   There doesn't seem to be anything in the bill that prevents the
   interstates from building into the state.
   If that's true, wouldn't the PUC take those projects into account when
   doing its analysis and only require the utility to construct (and
   noncore to take) capacity that isn't already being met by others (i.e.,
   interstates) bringing pipe into the state?

Any info you can provide on these fronts would be very useful.  Don't want
Enron too far out in front of opposition until we find out a bit more
regarding 1) whose fer and agin it and 2) analysis of what the bill
actually does/does not do.

Thanks again for the heads up.

Best,
Jeff

(See attached file: 23XX.pdf)

                    James D

                    Steffes              To:     Harry
Kingerski/Enron@EnronXGate
                                         cc:     Jeff
Dasovich/NA/Enron@Enron, Susan J
                    07/17/2001           Mara/NA/Enron, Paul
Kaufman/Enron@EnronXGate
                    07:43 AM             Subject:     AB 23XX Bad Bill
Alert

Harry --

Can you track down this bill and determine impact?  We'll discuss on
Thursday.

Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 07/17/2001
07:43 AM ---------------------------

MDay <MDay@GMSSR.com> on 07/16/2001 06:03:33 PM

To:   "'Bev Hansen, Enron lobbyist'" <bhansen@lhom.com>, "'Hedy Govenar,
      Enron Sacto lobbyist'" <hgovenar@govadv.com>, "'Scott Govenar, Enron
      lobbyist'" <sgovenar@govadv.com>, "'Harry Kingerski'"
      <hkingers@enron.com>, "'Jim Steffes, Enron'" <jsteffe@enron.com>
cc:

Subject:  AB 23XX   Bad Bill Alert

Is AB 23XX moving with a chance of passage?   I just learned that this
Pescetti bill that was AB 1425 was revived as a 2X bill.  It is very
anti-competitive, and could hurt a number of TW, EES, or ENA gas deals by
binding customers to 100% utility service through the imposition of large
exit fees by the CPUC.  If there is a chance that it moves, we need to
discuss the effect of this bill.  Mike Day

http://info.sen.ca.gov/pub/bill/asm/ab_0001-0050/abx2_23_bill_20010625_amend

ed_sen.pdf


10-May	11-May	14-May	15-May	16-May	17-May	18-May	21-May	22-May	23-May	24-May	25-May	29-May	30-May
Aluminum	8	11	6	13	7	0	0	7	7	8	2	0	4	6
Copper	3	4	2	3	3	5	5	14	8	2	5	1	1	4
Gas	1	5	3	3	15	5	6	14	19	8	5	8	12	6
Total	12	20	11	19	25	10	11	35	34	18	12	9	17	16

Note: Transactions are in pairs, therefore the number of gas transactions for May 30 is 12 etc.


Daryll,
Try these instructions and let me know if this works.  Thanks.
PL

 -----Original Message-----
From: 	Hungerford, James
Sent:	Tuesday, October 23, 2001 3:11 PM
To:	Love, Phillip M.
Subject:	FW: Weapon X ODBC Configuration

P Love:
Here are the instructions for adding the correct drivers for Weapon X.  Keep for your future reference.
You might want to forward to Chicago office - I have not done so.

Thanks

James Hungerford
713.345.4117
james.hungerford@enron.com

 -----Original Message-----
From: 	Mayeux, David
Sent:	Tuesday, October 23, 2001 2:59 PM
To:	Hungerford, James
Subject:	Weapon X ODBC Configuration

 James,
   Here are the configuration requirements for WeaponX in our environment in Houston. -

   You need the following ODBC Drivers configured, You can access this by
   Start->Run and typing in ODBCAD32
   OR
   Start->Settings->Control Panel->ODBC / (Windows 2000) Start->Settings->Control Panel->Admin Utils->ODBC

   Make sure the following are in the screen that open, if not you can add them by clicking the add button and selecting ORACLE ODBC drivers. All the entries should be in LOWER case.

  Data Source Name : EGSPROD
  Service Name/Server : ERMT

  Data Source Name : EGSPROD32
  Service Name/Server : ERMT

  Data Source Name : CPR
  Service Name/Server : CPR

  Date Source Name : CPR_PROD
  Service Name/Server : CPR

  If you have any additional questions, just me let know.

   David Mayeux
   31/32 Trader Support


The settle price is noted at 4.234


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Start Date: 1/6/02; HourAhead hour: 8;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010608.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 8 / Preferred: 448.26 / Final: 448.23)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 1/6/02
  SC_ID: ENRJ