---------------------- Forwarded by Evelyn Metoyer/Corp/Enron on 04/03/2001
04:57 PM ---------------------------

Evelyn Metoyer
04/03/2001 04:54 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 4/3 Checkout con't

amerex
Mike Swerzbin
deal 569270    569323
Amerex show cp as Merrill Lynch and we show Morgan Stanley

   Kate Symes @ ECT                04/03/2001 04:31 PM

To: Evelyn Metoyer/Corp/Enron@ENRON
cc:

Subject: Re: 4/3 Checkout

BLOOMBERG
569021 - changed to Bloomberg

PREBON
Tom Alonso
checked with broker - Tom Alonso did not do this deal - Jeff Richter did a
similar one but it is with Williams, not Reliant......???

Jeff Richter
closest deal I can see is 569178 - all same terms except it's at NP not SP

AMEREX
Mike Swerzbin
569315 - added Amerex as broker

Evelyn Metoyer@ENRON
04/03/2001 02:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 4/3 Checkout

BLOOMBERG

deal 569021
I think the broker should be Bloomberg instead of APB

PREBON  WEST

Tom Alonso
I am missing the following deal
Enron sells to Reliant 25mw 4/5-4/30 SP-15 at $263

Jeff Richter
I am missing:
Enron sells to WESCO 25 mw 4/5-4/30 SP-15 at $286

AMEREX WEST

Mike Swerzbin
I am missing:
Enron sells EES 50mw May-Dec NP-15 light at $200.


Today, we are forming Enron Global Services (EGS) in order to more closely align our asset-based businesses.

This reorganization will allow EGS to focus our resources on opportunities that present the highest value to Enron.  It will also accomplish the following:  1) enhanced synergies among our assets and personnel, 2) more effective prioritization of business opportunities, and 3) better management of Enron's asset-based businesses throughout the world.

Enron Global Services' energy asset portfolio includes the North American pipeline businesses of Enron Transportation Services (ETS), including Northern Border; the international pipeline, power and distribution operations of Enron Global Assets & Services (EGAS); Portland General Electric; EOTT Energy Corp; Enron Wind; Azurix and Wessex Water.

Reporting to me as the heads of their respective business units are:
?	Jim Hughes, President & COO - EGS/International
?	Danny McCarty, Managing Director & CCO - ETS
?	Bill Cordes, President - Northern Border Partners
?	Peggy Fowler, President & CEO - Portland General Electric
?	John Garrison, President & CEO - Azurix
?	Dana Gibbs, President & COO - EOTT Energy Corp
?	Colin Skellett, CEO - Wessex Water
?	Adam Umanoff, President & CEO - Enron Wind

With the creation of EGS, we hope to enhance the efficient utilization of our commercial support services.  To accomplish this, EGS' staff and operational functions will be headed by:
?	Rod Hayslett, Managing Director & CFO
?	Rob Walls, Managing Director & General Counsel
?	Phil Lowry, Managing Director, Pipeline Operations and Engineering & Construction
?	Brian Stanley, President & CEO - EEOS
?	Steve Hotte, Vice President & CIO
?	John Ambler, Vice President, Communications & PR
?	Gary Smith, Vice President, Human Resources

In addition, Rob Walls will continue to perform his role as Deputy General Counsel for Enron reporting to Jim Derrick.

Phil Lowry will be responsible for domestic pipeline operations, technical services and engineering & construction, as well as, international pipeline technical services and engineering & construction.  Brian Stanley will be responsible for technical services and engineering & construction for international power and distribution facilities.

Below is an organization chart for Enron Global Services, which displays the changes described here.  We are confident this new organization will focus our talent and capital appropriately.  Please join me in supporting this management team as it strives to maximize Enron's return on its assets.

<Embedded Picture (Metafile)>


---------------------- Forwarded by Eric Bass/HOU/ECT on 03/14/2001 11:47 AM
---------------------------

	From:  Julie Brewer @ ENRON                           03/14/2001 11:27 AM

To: Kam Keiser/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Sandy Olitsky/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Susan M Scott/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Kara L Boudreau/HOU/ECT, Jean
Bell/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Anne Bike/Corp/Enron@Enron,
Errol McLaughlin/Corp/Enron@ENRON, Laura Vargas/Corp/Enron@ENRON, Luchas
Johnson/NA/Enron@Enron, Sherry Dawson/NA/Enron@Enron, Derek
Bailey/Corp/Enron@ENRON, Ellen Wallumrod/NA/Enron@ENRON, Michelle
Nelson/Corp/Enron, Stewart Range/NA/Enron, Shifali Sharma/NA/Enron, Keynan
Dutton/NA/Enron, Carole Frank/NA/Enron@ENRON, Bruce Mills/Corp/Enron@ENRON,
Veronica Hill/NA/Enron, Bianca Ornelas/NA/Enron@Enron, George Huan/NA/Enron,
Amy Cavazos/NA/Enron@ENRON, Elizabeth Shim/Corp/Enron@ENRON, Ryan
O'Rourke/ENRON@enronXgate, Eric Bass/HOU/ECT@ECT
cc:
Subject: Rebooks

If your name is in the right hand column, please rebook as indicated by
Credit.

Thanks.

Julie Brewer


Did you mean for your home number to be on the out of office message?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/30/2001 11:20
AM ---------------------------

Carlos Sole
03/30/2001 11:13 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Carlos Sole/NA/Enron is out of the office.

I will be out of the office starting  03/29/2001 and will not return until
04/09/2001.

My home number is 713-874-1244, but in the event of an emergency, please call
Kay Mann at 5-7566.


David,

I think maybe clarifying "then go to the transaction search" with something
like " then click on the Transaction History tab at the top of the screen"
might be
helpful.

David Forster@ENRON
03/09/2001 10:54 AM
To: Scott Neal/HOU/ECT@ECT
cc:
Subject: Communication Error Message

Message as discussed.
---------------------- Forwarded by David Forster/Corp/Enron on 03/09/2001
10:59 AM ---------------------------

David Forster
03/01/2001 04:07 PM
To: Jay Webb/HOU/ECT
cc: Savita Puthigai/NA/Enron@Enron

Subject: Communication Error Message

Jay,

Here is the current communication error message:

Can you please replace the above paragraph as follows:

"YOUR TRANSACTION MAY OR MAY NOT HAVE BEEN SUCCESSFUL due to a communication
failure."
"To confirm whether or not your transaction was successful, please try to
login again and use the "Transaction History" function to see a list of all
your completed transactions.

If you have any questions or are not certain of the status of a transaction,
please contact us immediately on:"

Thanks,

Dave


I have left Greg both a phonemail and email about our plans for the BoD meeting late today, and the handling of the limits.  He also will receive the documents this A.M.  Pls. touch base with him personally prior to the BoD meeting if you feel he will have any questions about the numbers.  Also, Rick, pls. touch base on your discussions with Pug after you make connection with him to give a heads up on if we are all on the same page. Thanks a lot.  Paula

-----Original Message-----
From: Port, David
Sent: Thu 11/1/2001 6:00 PM
To: Rieker, Paula
Cc: Buy, Rick
Subject: FYI Concentration Limits

<<ConcentrationLimits.ppt>>


Have our PR people seen this?

	Habiba Bayi@ENRON_DEVELOPMENT 02/09/2001 12:16 PM 	  To: Jeffrey A Shankman/HOU/ECT@ECT, Mike McConnell/HOU/ECT@ECT  cc:   Subject: Re: Envera Press Release For Your Approval

Thank you for your response.  Attached is the revised draft, please let me know if it meets with your approval.

From:	Jeffrey A Shankman@ECT on 02/09/2001 11:43 AM
To:	Habiba Bayi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:	Mike McConnell/HOU/ECT@ECT

Subject:	Re: Envera Press Release For Your Approval

I'd like to leave out mention of our equity participation in the first and third paragraphs, and reword the second paragraph to state that envera's customers will have access to enron's products.  (leave out the qualifier "many"  which I read as "partial")

	Habiba Bayi@ENRON_DEVELOPMENT 02/09/2001 11:24 AM 	   To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman@ECT  cc:   Subject: Envera Press Release For Your Approval

Attached for your review and approval is the press release that Envera wishes to issue immediately announcing the participation of Enron Global Markets as an equity partner and trading member.  We already have sent it to John Nowlan and John Viverito and secured their approval.  Please let me know your comments.

Thank you.
Habiba

<Embedded StdOleLink>
<Embedded StdOleLink>


Start Date: 3/4/01; HourAhead hour: 24;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030424.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 3/4/01
  TIE_POINT: SYLMAR_2_NOB
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: WHEEL


Tom,

I recently received this nomination and the total package of gas for the
aforementioned changed as follows:

Counterparty    Meter  Last Nom  Latest Nom  Chg.
Walter O & G    9747  3,901mmbtu/d  3,426mmbtu/d  (475)mmbtu/d
Walter O & G    9787  1,604mmbtu/d  1,713mmbtu/d    109mmbtu/d
Walter O & G    9808  4,890mmbtu/d  4,950mmbtu/d      60mmbtu/d
Superior Natural Gas   9741  2,783mmbtu/d  2,570mmbtu/d  (213)mmbtu/d
          Total change  (519)mmbtu/d
I've made the change in my spreadsheet.

vlt
x3-6353


Hi,

How are you doing?  How was the Paralegal lunch?  After getting sick on Mexican food, there would have been now way I could have eaten it.  What do you have planned for the weekend, I hear the weather is going to be great.  Any news from the cowboy?  Is work still as busy?

gg


James Scribner is enrolled in Derivatives I - Applied Energy Derivatives

Class Days and Times:
  5/9/2000  08:00:00 AM - 05:00:00 PM
  5/10/2000  08:00:00 AM - 05:00:00 PM
Participant Fee: $800.00

Thank you for your support in providing quality and cost effective
development opportunites at Enron.
Your Company and RC will be charged $800.00

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


Tina,

I need some clarification in regards to this email.   ENA holds interest in
the LV Cogeneration Limited Partnership, both directly and through its
friendly investor structure,   which is a QF facility located in Las Vegas.
As part of the financing of the facility, ENA entered into a 10 year
financial NYMEX swap with LV Cogen.  Brad Richter, ENA VP, signed the NYMEX
confirmations on behalf of LV Cogen (Desert Arc LLC) and ENA.

Is this transaction of interest to you and do you need additional information
with regards to this transaction?

Regards,
Mike Etringer
503-464-3836

Jim Gilbert
06/23/2000 07:18 AM
To: Michael Etringer/HOU/ECT@ECT
cc: Frank W Vickers/HOU/ECT
Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

Mike,

Is this something we need to respond to?  Please advise.

Thanks,
Jim

---------------------- Forwarded by Jim Gilbert/PDX/ECT on 06/23/2000 07:15
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Mark Taylor @ ENRON                           06/21/2000 04:39 PM

Sent by: Enron Announcements@ENRON
To: All Enron Houston, Everyone_in_ECT_Calgary, Everyone_in_ECT_London,
Everyone_in_ECT_Portland, Everyone_in_ECT_New York, Everyone_in_ECT_Denver,
Everyone_in_ECT_Oslo, Everyone_in_ECT_Singapore, EI-Australia, Buenos Aires
Argentina - Office Staff, Buenos Aires Argentina - TGS Office Staff, Enron
Everyone_EOG_Denver, Enron Everyone_EOG_Calgary
cc:
Subject: Enron North America Corp. NYMEX Hedge Exemption Applications

We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any other
related commodity future(s) account either individually or acting with
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business Friday, June 30,
2000 if you have any power of attorney, control or have a financial interest
in any commodity futures account (other than an ENA or other trading
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


FYI. I shall not be surprised if Grant knock on our door again in a few weeks.
I told him he could not count on the same generous treatment
he got the first time.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/08/2001
08:16 AM ---------------------------

"Grant Masson" <GrantMasson@houston.rr.com> on 01/07/2001 06:43:08 PM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Grant Masson

Dear Vince:
?
After a very great deal of thought, I have decided  to stick it out with El
Paso.
?
Please be assured that this exercise was not a  "fishing expedition" to
extract concessions from El Paso.? Rather, it is  simply that, although I
continue to harbor doubts about some of El Paso's  methods and about the
people running the business, I have concluded that two  months is not enough
time to fully judge the company.? I feel that I have  not yet given El Paso
(or myself for that matter) a fair chance.? After  all, if I disagree with
the way the business is run, I should regard that as an  opportunity to
effect changes and not an excuse to run away.
?
Please extend my sincerest thanks and apologies to  all those who worked so
hard over the holidays to produce the offer: David  Oxley, Sheila Walton, and
especially Norma Villarreal.
?
And thanks also to you Vince for your patience,  humor, and good advice.? As
I've said before, I consider it an honor to be  able to call you a colleague
and friend.
?
With Best  Regards,
Grant.


Attached are EPMI's responses to the FERC investigation of the bulk power
markets in the East..  The "summprob" docs highlight examples of
discriminatory practices and other problems with the OATT rules for trading
and interconnection activities.  FERC staff asked for similar responses from
10 power marketers and plans to use the information in the aggregate in in
its report to the Commission, due Nov. 1.


Start Date: 4/13/01; HourAhead hour: 18;  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\2001041318.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 18 / Preferred:  20.00 / Final:  19.97)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/13/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: FIRM


Are you the same Jeff Shankman that went to GUCI?  Let me know.  Jennifer

****************************************************************
*      This message was sent directly from ClassMates.com      *
*            We're finding old friends on the Net!             *
*                  http://www.classmates.com/                  *
****************************************************************


Thanks, Gerald!

	Gerald Nemec
	04/30/2001 12:58 PM

		 To: Becky Spencer/HOU/ECT@ECT
		 cc:
		 Subject: Re: Need time!

Becky,  I did not have any time off.

	Becky Spencer
	04/30/2001 11:57 AM

		 To: Steve Van Hooser/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Sandi M
Braband/HOU/ECT@ECT
		 cc:
		 Subject: Need time!

I need your time for the pay period 4-16 through 4-30 by 5:00 p.m. on Monday
(the 30th).  Please reply to this e-mail with any time exceptions such as
vacation, sick, personal, jury duty, etc.  Basically, any time not working!
Thank you!


David:

Count on us as signatories (Carl, John, and I), however there is a need to
correct two factual errors.  These corrections do not change the sense of
any of the discussions or our suggested remedies, but are important for our
credibility.

First, the utilities were not required to sell or divest their plants.  The
Commission and the Legislature lacked the authority to do so, however, the
divestitures were encouraged in the strongest possible terms.  Therefore,
at page 2 , third line in the last paragraph, we need to change the word
"required" to "strongly encouraged."   Likewise, on page 4, the third
sentence of the second paragraph under the section heading needs to be
slightly modified to read as follows:  "First, California required
utilities to purchase nearly all their electricity on a volatile spot basis
after they divested a substantial portion of their generation...."
Finally, on page 5, the third sentence should be modified as follows:
"These divestitures, encouraged and sanctioned by the CPUC, ...."

Second, also on page 5, the second sentence inaccurately conveys that
utilities had the authority and option to pursue "backstop" fixed price
contracts from their divested plants.  In fact, they were precluded from
doing so under the rules.  Furthermore, the utilities have only divested
their fossil plants, while retaining both hydro and nuclear facilities.
These facilities represent substantial generation assets, especially for
SCE and PG&E.  Accordingly, we suggest the following minor modifications:
"Unfortunately, the utilities have already divested   (strikethrough: most
of their) generation plants without being allowed to secure contracts that
would...."

We also note that the document has not referenced the substantial new
generation capacity that has been approved and scheduled for completion
within the next two years.  If completed (and assuming interim solutions
don't undermine the investment incentives in the meantime), these additions
would add over 6,000 MW of critically needed generation capacity.   The
document should include some reference to this point.  Accordingly, we
suggest the following modification on page 6, the last sentence in full
paragraph 4:  "Only then should we seek contracts to help stabilize prices
for the two-or three-year transition until more permanent solutions can be
put in place, especially as new power plants already approved  (totalling
some 6,000 MW ) come on line within the next two years.

Lastly, we noted a few typos.  On page 5, first line of the second
paragraph under the heading has a dash after "short" which appears
unintended.   On page 7, sixth sentence of the second paragraph,
"Californians' " shouldn't have an apostrophe.  Finally, in the paragraph
that follows on page 7, we use the term "UDC" for the first time without
explanation.  We suggest saying "utilities" instead.

Let me know if you have any questions.

Thanks for the great work!

Mitch


The purpose of this memo is to inform you of organizational changes for ETS Pipeline Integrity Program Management.

Frank Osburn, Director of Facility and Operational Records, will move from Engineering and Construction to the Pipeline Integrity organization. Frank will bring the Document Control Team, the Mapping Team, and the Project Completion Team, as well as be responsible for Operational Compliance (Meagan Bange) and the PHD / PDMS group under Larry Abbott. We believe this entire group is critical to Pipeline Safety and Integrity and will help ensure consistent strategies.

Max Brown, currently Director of Corrosion and Risk Management, will add Pipeline Integrity Program responsibilities to his role. Max will add Ronny Davenport, Mike Ames, and John Millar to his Corrosion / Pipeline Integrity organization. This group will be working closely with the ETS Area VP's and Region Directors to ensure our Pipeline Integrity initiatives are communicated and on track.

David Johnson will continue in the critical role as VP of Pipeline Safety, with Michael Crump as Director. The Pipeline Safety group will consist of Merlin Moseman, Pat Vaughan, and Lisa Choquette (RPT), with two Pipeline Safety Engineer vacancies currently open and posted.

Mike Nelson
VP Pipeline Integrity Program Management
713-345-5241


These are awesome images.

> -----Original Message-----
> From: Alice Capps
> Sent: Thursday, November 30, 2000 8:40 AM
> To: Beth Taylor; Bobbie Milam; Carol Walker; Carolyn Ashley; Darrick
> Givens; Donald Miller; Ila Gibson; Lynda Scayola; Melissa Nixon; Myra
> Sechrist; Nessie Ramirez; Patricia Coleman; Tony Rigdon; Veleria Demby;
> Jeannie Frenzel
> Subject: FW: Sand Pictures
>
>
>
> > THESE ARE ABSOLUTELY BEAUTIFUL!!! I HOPE EACH OF YOU CAN OPEN THEM!!
> >
> > <<JESUS 2.jpg>>  <<JESUS.jpg>>  <<Last Supper.jpg>>

 - JESUS 2.jpg
 - JESUS.jpg
 - Last Supper.jpg


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To unsubscribe go to
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or to
http://www.em5000.com/unsub.php?client=jdrmedia1&listname=sandbox&msgid=17120100021
and enter your email address (jreitme@enron.com)


FYI. In bizarre times, help can sometimes come from bizarre places.  Granted,
we're likely to disagree strongly with Hogan's continued obsession with
Poolco, but the discussion in his paper regarding market power may be
helpful---I've read the Joskow paper, but haven't yet had a chance to review
the Hogan piece.

Steve and I discussed the need to do a focused assessment of the Joskow/Kahn
"analysis"  (remember it's Ed Kahn, not Alfred Kahn).  Seems that it would be
very useful to fold into that analysis any useful stuff on market power
included in the paper done by Hogan & Co.  If, in the end, there ain't
nothing useful, so be it.  But seems like there's little downside to
exploring it.

Jim, my understanding is that Alan is already working with the fundamentals
folks on the Portland desk to deconstruct the Joskow paper.  Might want to
include the Hogan paper in those discussions and might also be useful to pull
Seabron Adamson into the thinking, too.  Ultimately, may be preferable to
have any assessment of Joskow and/or Hogan to come from economists, rather
than directly from us.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 11/30/2000 11:38 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	11/30/2000 11:29 AM

		 To: <Barbara_Klemstine@apsc.com>, <dcazalet@apx.com>, <BillR@calpine.com>,
<jackp@calpine.com>, <glwaas@calpx.com>, <Ken_Czarnecki@calpx.com>,
<cabaker@duke-energy.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <KEWH@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <curt.Hatton@gen.pge.com>,
<foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <rsnichol@newwestenergy.com>,
<Nam.Nguyen@powersrc.com>, <rllamkin@seiworldwide.com>,
<Roger.Pelote@Williams.com>
		 cc:
		 Subject: From Today's Electricity Daily

Has FERC Gone Far Enough in California?
The Federal Energy Regulatory Commission isn't going far enough in its
attempt to reform the California wholesale electric market, according to a
paper by three prominent economists done for San Diego Gas and Electric. The
paper by John D. Chandley, Scott M. Harvey, and William W. Hogan argues that
FERC should first end the artificial separation that divides the California
Power Exchange and the California Independent System Operator, rather than
worrying about the governance of the two institutions.
"The change in governance may help," says the paper - "Electricity Market
Reform in California" - "but it is not likely to be decisive in the near
term. Explicit guidance from the commission regarding the nature and
trajectory of reforms will be essential if market reform is to be
accomplished within an acceptable time frame." Hogan, of the Kennedy School
of Government, has been writing since 1995 in opposition to California's
market separation.
Also, argues the paper, freeing the California utilities to engage in forward
contracting is no panacea. "The expectation that merely allowing utilities to
participate in forward contracting necessarily would be the solution to high
prices is problematic and not supported by the commission's staff report,"
says the analysis, adding that "putting pressure on buyers to sign contracts
in the present environment may make things worse." If the underlying problem
in California is high cost and low capacity, requiring forward contracting
could harm not only California but also the entire Western U.S. electric
system.
FERC's $150 so-called "soft cap" is a wild card that has the three economists
scratching their heads. "It does not appear in the staff report and there is
little critical analysis of their implications, other than the discussion of
Commissioner [Curt] Hebert." If the intent of the soft cap is to move toward
cost justification for bids above $150/MWh, then FERC is headed into an
administrative morass "that would rival those under wellhead price controls
in the natural gas industry."
If, on the other hand, the soft cap is "truly soft" and would only require
some paper work at FERC and the possibility of a refund if the price is
eventually deemed not just and reasonable, "there might be little impact on
consumer prices (particularly if the principal sources of those high prices
are high costs and regional capacity shortages rather than the exercise of
market power). Even so, the proposal might serve to deter entry and new
investments, thus combining the worst of both worlds, high consumer prices
and little or no new investment."
FERC's proposed order in California also demonstrates confusion about just
what constitutes market power. The paper cites the proposed order's lawyerly,
obfuscatory conclusion that "while this record does not support findings of
specific exercises of market power, and while we are not able to reach
definite conclusions about the actions of individual sellers, there is clear
evidence that in California market structure and rules provide the
opportunity for sellers to exercise market power when supply is tight and can
result in unjust and unreasonable rates under the [Federal Power Act]." The
economists note, "In this regard, the debate is confused because we are
dancing around the words where the truth may be hard to face."
In the case of California, say the economists, there is no evidence of market
power. Even the practice of generators avoiding the day-ahead market in favor
of the real-time market "is a response to bad market design and pricing
incentives (including price caps), but does not demonstrate the exercise of
market power." Nor is bidding above marginal cost necessarily an exercise of
market power, they add. "The distinction between direct marginal cost and
opportunity cost is sometimes lost in the discussion. Hence, a competitive
bidder whose direct cost of generation is $40 but who could sell the same
energy outside California for $100 should bid no less than $100. This would
not be an exercise of market power."


Hi Tana, I noticed that the trades that we need to assign from Dynegy Power
Marketing to Dynegy Marketing and Trade were all November trades.  The
settlements group will be doing their download tonight for November
business.  Do you think I can change these trades to the correct name today
or should I wait until the assignment is fully signed.

Thanks,
Melissa
3-1886


FYI - Dad told me about this article today in the Pro-Bama paper. - Huntsville Times
PL
http://www.al.com/auburnfootball/huntsvilletimes/index.ssf?/xml/story.ssf/html_standard.xsl?/base/sports/1007406914372431.xml


Fast Company's Fast Take newsletter
October 24, 2001

"The great paradox of the 21st century is that, in this
age of powerful technology, the biggest problems we
face internationally are problems of the human soul."
-- Ralph Peters, former U.S. Army lieutenant colonel
and author of "Fighting for the Future"
http://robin.fastcompany.com/cgi-bin/nph-t.pl?U=1780&M=79151&MS=3242

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DISRUPTER: Stephen Friend | by George Anders
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VENT
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Copyright ? 2001 Gruner + Jahr USA Publishing. All rights reserved.


Rudy-
Per our conversation today, the invoice for the "Hilli" delivery will be due no earlier than May 17,  2001.  If under normal payment terms the invoice would be due later than May 17, then the regular due date would prevail.

Thanks for your help,
Dan Masters
---------------------- Forwarded by Dan Masters/HOU/ECT on 04/11/2001 10:42 AM ---------------------------

Dan Masters
04/06/2001 01:40 PM
To:	radamiak@cabotlng.com
cc:
Subject:	Payment terms on "Hilli"

Rudy-
I have been asked by the plant to request that the payment terms for the "Hilli" be extended.  Since the delivery is earlier than Eco needs the product,  they would request that the invoice be due on May 17.  Please advise if this is agreeable.

Thanks,
Dan Masters


Start Date: 4/15/01; HourAhead hour: 12;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041512.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 12 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_LUCKY
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: SETC
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 12 / Preferred: -120.00 / Final: -100.00)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: WESC
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 12 / Preferred:  30.00 / Final:   9.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/15/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Sure; I'm around tomorrow and Friday.  What time is good for you?

>>> <Mark.Taylor@enron.com> 07/19 12:41 PM >>>

Is there an hour or so tomorrow or Friday that Alan and I could claim to
discuss
the issues we teed up last week?

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

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


http://multimedia.lycos.com/search.asp?type=all&idx=all&for=all&query=Jay+Leno
&ff=on


I will be on vacation Monday, April 17th thru Friday, April 21st.   Elizabeth
Soto will be backing me up on Monday and Ragayle Pellum will back me up the
remainder of the week.

If you have any questions regarding Brenda's calendar, need to make changes,
or need to set up a meeting with her please contact Chantelle Villanueva at
ext3.6279.

If you need assistance with anyone else's calendar who I support please
contact Ragayle.


Will call you at 9 tonight.

-----Original Message-----
From: BLT12139@aol.com [mailto:BLT12139@aol.com]
Sent: Wednesday, November 28, 2001 10:29 AM
To: Corman, Shelley
Subject: Need to talk to you!

Hi Shelley:
Perhaps we can talk tonight about several things I need to coordinate with
you.
(1)  Children's Church schedule for December.  I talked to Steve Hoyle, and
he did not have a preference one way or the other about Children's Church for
the Cantata Sunday.  He did say the music program was rather long, with lots
of dialogue.  I am inclined to say let's have C/C, and I can commit to being
there.  Of course, we need at least 2 others to commit as well.  Since it
would be rather long, I would be in favor of supplementing the C/C service
with a Christmas-themed video.
(2)  Have you looked into food from McDonald's for the Christmas party?  I am
working on the invite's, and tentatively am putting down on the RSVP card a
meal preference of hamburgers or chicken nuggets (check one.)   That way, we
can go either way with Happy Meals or just the basic food and fries,
depending on cost, ease of packaging, etc.  Let me know what you think and if
you need help with looking into this.
(3)  I saw some cute "Happy Birthday, Jesus" themed trinkets in the Oriental
Trading catalog.  If you think we need more things for the treat bags, this
is a possibility.  They also had a cute plastic treat bag with this theme
that was fairly inexpensive.  (I can't remember if you said you already had
bags or were still going to get them.)
I could talk tonight after 9:00, if that is convenient for you.
Thanks, Shelley!
Barbara
281-493-3035


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.

Crude     http://www.carrfut.com/research/Energy1/crude73.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas73.pdf

Dec WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clz-qoz.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
Dec/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/huz-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG73.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG73.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL73.pdf

Shoulder Month Trade
http://www.carrfut.com/research/Energy1/ShoulderMoTrade.pdf
Scott Mollner Recomendation
http://www.carrfut.com/research/Energy1/recom11-15-01.pdf


Commodity	$.0206
Fuel		2.398%


Rick:  Sorry, I should have sent this to you several days ago.  Is the level
of detail correct on these goals as you look to assimilate these with
others?  I have stated the goals, but not the action plan to achieve the
goals.  I am working on those in some detail right now.   --Sally

Goals for 2000
Global Risk Management Operations

I.  Build/Enhance Operational and Controls Infrastructure to Support:

A.  Merchant Activities

Japan
Southern Cone
Continental Europe
Other regions as identified

B.  Emerging Businesses/Products

Enron Broadband Services
Credit Trading
Other products as identified

C.  Joint Ventures

II.  Strengthen Mid and Back Office Talent and Controls for Global Risk
Management Operations

A.  Establish common operational standards,with effective exception reporting

B.   Strengthen and support the controls mindset in key operational personnel

C.  Develop a plan to identify, develop and provide rotational opportunities
to key operations employees

D.  Continue to coordinate with IT to develop mid and back office systems
that allow for timely and accurate compilation of data across  systems for
risk and business reporting


The graphs are now located in the same section as the WSCC outages graphs in the main fundamentals page:

http://fundamentals.corp.enron.com/main.asp
(under "Gas", "Testing", "Load and Temperature Charts")

Jason


skean@enron.com

is the correct email address for Steve Kean

Thanks.

"Kathy Wells" <kathy@downtowndistrict.org> on 09/14/2000 01:20:40 PM
Please respond to "Kathy Wells" <kathy@downtowndistrict.org>
To: <cgeorghiou@pgal.com>, <whpace@pgal.com>, <robert@phonoscope.com>,
<rbrowning@phonoscope.com>, <dcaddle@phonoscope.com>, <bturnerrst@aol.com>,
<alex-barrera@reliantenergy.com>, <ralph_hart@icgcom.com>, <skean@enron.com>
cc:

Subject: Correct address?

Recently, Tom Davis with the Downtown Management District has experienced
some difficulty with sending email to the address he has on file for each of
you.  Please respond to this message to verify your correct address.  Thanks.


Is there anything we need to get them to consent to?

Kay

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/19/2001 02:17:42 PM
To: "'gregorylang@paulhastings.com'" <gregorylang@paulhastings.com>,
"'iparker@freshfields.com'" <iparker@freshfields.com>
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Keffer, John"
<JKeffer@KSLAW.com>

Subject: ENA Agreement as to Forms of Agreements

 <<30b202!.DOC>>

Greg and Isabel:

Enclosed is the initial draft of a letter agreement by ENA consenting to the
form of the ENA Consent, the Promissory Note, the Security Agreement and the
Financing Statement, prepared along the same lines as the GE consent.
Please review and advise of any comments.   Thank you.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosure 140366v2

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

 - 30b202!.DOC


[IMAGE] [IMAGE]  [IMAGE] [IMAGE] [IMAGE]
  [IMAGE]     A Chartwell Outsourcing Case Study  Union Gas is a natural gas utility providing energy delivery and related services to 1.1 million customers.   With a valuable story to tell, Union Gas - Enlogix' largest ASP client- is profiled in the latest Chartwell Best Practices for Utilities & Energy Companies newsletter.  Find out what Union Gas has to say about:   ROI  The adoption of the "Outsourcing Concept" into an organization  Contract negotiation  Technology and Support    [IMAGE]  OUTSOURCING CIS  A GOOD MOVE [IMAGE]    Published in the October 2001 edition of Chartwell's Best Practices newsletter, the case study "Outsourcing CIS a good move for Westcoast Energy" profiles Union Gas and their decision to outsource its CIS to Enlogix. Click here for the case study          [IMAGE] [IMAGE] [IMAGE]  [IMAGE]       This message is brought to you as a registered user of Energy Central.  If you wish to discontinue  receiving this type of message, reply to this message with 'Stop Ads' in the subject of your message.


How's it going?


Becky,

I am sending you two spreadsheets. Headcount gives  the allocations by major
business units. Please, see the sheet Allocations. Line 83 gives you the
percentages
you can use.

Budget  spreadsheet gives the budget projections. The sheet Allocations has
been modified to
include charges to RAC and GRM. I had to modify extensively  the sheet Detail
to account for the size of the group (as compared with 25 rows available to
list the
employees in the original spreadsheet). Please, check the logic of my
modifications
(I hope I copied all the formulas correctly). I had to assume a bonus number.

I shall work on allocations by different business units within ENA
and GRM  but it's chasing a moving target. It changes from month to month.

I shall be gone for the next 4 business days. Please, call me and leave a
message
on my voice mail if there is any question. I shall be listening to my voice
messages.

Sorry if there are any problems. I have to rush to catch my plane.

Vince

P.S. Thanks for all the help. I owe you lunch.


17:03:14 Synchronizing Mailbox 'Perlingiere, Debra'
17:03:14 Synchronizing Hierarchy
17:03:14 	   1 folder(s) updated in offline store
17:03:14 Synchronizing Favorites
17:03:14 Synchronizing Folder 'Inbox'
17:03:14 	   1 item(s) added to offline folder
17:03:14 	   2 item(s) deleted in offline folder
17:03:14 	   1 view(s)/form(s) updated in offline folder
17:03:14 Synchronizing Folder 'Outbox'
17:03:14 Synchronizing Folder 'Sent Items'
17:03:14 	   2 item(s) added to offline folder
17:03:14 Synchronizing Folder 'Calendar'
17:03:14 	   1 view(s)/form(s) updated in offline folder
17:03:14 Synchronizing Folder 'Contacts'
17:03:14 Synchronizing Folder 'Drafts'
17:03:15 Synchronizing Folder 'Journal'
17:03:15 Synchronizing Folder 'Notes'
17:03:15 Synchronizing Folder 'Tasks'
17:03:15 Synchronizing Folder 'Deleted Items'
17:03:15 	   5 item(s) added to offline folder
17:03:15 Synchronizing Views
17:03:15 Synchronizing Forms
17:03:15 Done


Can you tell me where this appears on the Treasurer's web site?  I'd like to
use the info without identifying who sent it to me.

-----Original Message-----
From: Dasovich, Jeff [mailto:Jeff.Dasovich@ENRON.com]
Sent: Wednesday, September 19, 2001 11:21 AM
To: kip.lipper@sen.ca.gov
Cc: vjw@cleanpower.org
Subject: Angelides Quotes Regarding State Fiscal Position in the Event
Bond Issuance Stalls

Kip:

Thanks for taking the time to talk.  Here's the quote and the cite from
Angelides re: state position in the event bond issuance stalls.  If
there's anything you need, don't hestitate to call me at 415.782.7822.
Please confirm that you got this, since I'm not sure if I have your
email address right.

Best,
Jeff

************************************************************************
**********
		"The Administration does not project that the State will
need to make additional State loans to support the DWR Power Supply
Program even if DWR does not issue its revenue bonds as planned during
the 2001-02 fiscal year. DWR projects that its funds on hand at the date
of this Official Statement and projected revenues appear to be
sufficient to finance the Power Supply Program. The cash needs of the
Power Supply Program depend, among other things, on future power
purchase costs, the timing and amount of revenues from power sales, the
availability of additional interim loans, and the timing of the issuance
of revenue bonds by DWR. The Power Supply Act limits loans and advances
from the State under the Power Supply Act after November 15, 2001, to
amounts required for short-term cash flow purposes of no more than $500
million in the aggregate and requires repayment within 180 days.
However, the Governor has the power under the Emergency Services Act to
order additional loans or other advances to DWR if needed to further
mitigate the emergency.

			The State expects to maintain adequate cash
reserves to fund its normal operations during the 2001-02 fiscal year
whether or not DWR repays the State loans during the fiscal year. The
State plans to issue short-term notes to assure that adequate cash
balances are maintained. The State has regularly issued short-term debt
in the past to meet its cash flow needs. See 'State Indebtedness-Cash
Flow Borrowings.'"

(California Treasurer's Office, Preliminary Official Statement, August
31, 2001, $5,700,000,000 State of California 2001-02 Revenue
Anticipation Notes, Appendix A, p. A-4) (emphasis added.)

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Dave,

Here is a Master draft for PSC of NM.  Please let me know if you need
anything further.

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


Pat,

Please prepare a Comparite of the 2 attached files and deliver to Ozzie,
Heather and Gerald as early as possible on Monday morning; the 2.9.01 is my
latest  revision.  The Word comparison that I tried to do was crappy as per
usual.

We need to get this document into Wayne Gresham's hands as soon as we can on
Monday, but I don't want to send it to Wayne until Ozzie and Heather have
approved the language changes to Sections 2.3, 3.5, and 3.8, (and elsewher).
If Ozzie or Heather require changes, please get Gerald to assist with the
drafting.  I'll be checking in to see how things are going around 9:00
Houston time.  I want to dictate a cover memo to you for use in relaying the
final blackline to Wayne Gresham.  Pleae remind me to do that when I call in.

Steve


Ben,

Here is the first cut of Wheatland. I did not reflect all comments from Mike
since I think we need to sit down with Don tomorrow morning before we make
any structural changes. We will decide tomorrow regarding how we present key
sales point - general to all peakers vs specific to each peakers and other
things. Thanks.


We will need to look at our vacation pay practice with Weil to determine whether we can pay out in the future for accrued, but unused vacation.
I think we can say that they'll get no less than $4500, but we want to confirm with Weil.
Don't know about parking/bus.  I think it is regular course, but we may have to change that regular course.

 -----Original Message-----
From: 	Pieper, Kalen
Sent:	Wednesday, December 12, 2001 10:09 AM
To:	Cash, Michelle; Sullivan, Kriste; Oxley, David
Cc:	O'rourke, Tim
Subject:	FW: Retained Q&A

key questions that would be great to answer for current employees before Friday:

-Vacation policy, we should be able to answer this one ourselves. do we really need Weil's input?
-Severance, obviously part of the retention request to the courts, but can we say that they will get no less than $4500?
-Parking subsidy/bus subsidy-i'm tracking this with Steve Kean
-business expenses paid pre-petition, part of the clarification to courts. just so you know, George Wasaff is not processing any expenses pre-filing across the board.

I would love to be able to answer vacation, i think we should draft the following:

-Carry over is 1 week, with exceptions approved by manager (Michelle, David is concerned to put out a blanket 2 week carry over as there are only pockets of people working all hours to year end)
-We will pro-rate starting Jan 1 2002.  So when people are termed, they will receive prorated vacation, not full as in past, plus any carry over.

Why can't we get this one out?

 -----Original Message-----
From: 	James, Terrie
Sent:	Tuesday, December 11, 2001 4:44 PM
To:	Reagor, Rodney
Cc:	Cash, Michelle; O'rourke, Tim; Pieper, Kalen
Subject:	Retained Q&A

Here it is for posting.  I'll craft an email to send to employees with a link to the intranet:

 << File: Retained Q&A - 12.11.01.doc >>


Sara,

Previously we have agreed upon "CURRENCY REFERENCE DEALERS" as the first
disruption fallback, and ""CURRENCY MUTUAL AGREEMENT" as the 2nd disruption
fallback.  It appears that EMTA has created a "BRL Industry Survey Rate"
(BRL11).  Merrill feels that this definition is replacing the Currency
Reference dealers definition--or at least setting out a clear methodology for
determining the rate.  Also, Shari always preferred that we use the mutual
agreement rather then calculation agent determination of settlement rate.
The ISDA template defaults to Calculation Agent.  Do you prefer that we
continue on asking people for mutual agreement, or are you o.k. with
Calculation agent determination of settlement rate?  Trading has no
preference on that matter.

I am faxing you a current ML non-deliverable deal with this new language in
it for your review.  Please let me know if the confirm is o.k. to sign, or if
you have any issues we need to address.

Thanks!

See the below attachments for the new definition and the history surrounding
it.
---------------------- Forwarded by Laurel Adams/HOU/ECT on 06/12/2000 11:41
AM ---------------------------

"Ahn, Michael (CICG - NY SWAPS)" <MAhn@exchange.ml.com> on 06/12/2000
07:47:08 AM
To: "'laurel.adams@enron.com'" <laurel.adams@enron.com>
cc:
Subject: FW: Brazil (from Starla Cohen)

Hi Laurel,

Please take a look at the following documents sent by EMTA.  Only difference
is that we have not included the "unscheduled holiday" provisions as there
has not been a clear cut consensus among counterparties whether to use
Preceding or Following.

Please contact me if you have any problems.

I will try to sort through my e-mails if I find additional information on
the BRL templates.

Thank you

Michael Ahn
tele: 212-449-5967
fax:  212-449-2019

> -----Original Message-----
> From: EMTANYC [SMTP:emtanyc@emta.org]
> Sent: Tuesday, November 09, 1999 11:59 AM
> To: Undisclosed.Recipients@emta.org
> Subject: Brazil (from Starla Cohen)
>
> 4 Documents attached. <<Brl11-8.doc>>  <<Brlsmfin.doc>>  <<Brlmtfin.doc>>
>  <<Brltmfin.doc>>

 - Brl11-8.doc
 - Brlsmfin.doc
 - Brlmtfin.doc
 - Brltmfin.doc


This morning, the U.S. Supreme Court released its long-awaited decision in
Whitman (formerly, Browner) v. American Trucking Associations, the case
involving EPA's new rules setting standards for ozone and particulate matter
(PM).   As you may recall, the U.S. Circuit Court of Appeals, D.C. Circuit
had ruled that EPA exceeded its constitutionally-delegated authority from
Congress in crafting the new ozone/PM rules, and also ruled that explicit
cost considerations could not be used in standard setting.   The Supreme
Court considered arguments on both the delegation and the cost question.
Industry petitioners had strongly argued that the federal government must
consider cost and not just health benefits in setting national air pollution
standards.

The Supreme Court's ruling held the following:

1)  Reversed the Circuit Court's ruling on delegation, holding that the EPA's
ozone/PM rules did not represent an unconstitutional delegation of
legislative power.

2)  Upheld the Circuit Court's ruling on cost considerations, holding that
the Clean Air Act "unambiguously bars cost considerations" from the process
of setting air-quality standards."

3)  Remanded the ozone/PM rules to EPA, holding that EPA's implementation of
the rules was unlawful and EPA must develop a reasonable interpretation of
the ozone standards.

In general, industry is not very happy with the result -- they lost arguments
1) and 2).   The remand in 3) will lead to some changes in the way the new
standards are applied (and give the Bush Administration the chance to make
some cosmetic changes), and may lead to some delays in implementation of the
rules, but the bottom line is, the new EPA ozone/PM standards will move
forward.  Among other things, the new rules set an 8-hour standard for
determining attainment status for ozone and PM.

We are in the process of analyzing the court's ruling in more detail, and
will circulate further analysis shortly.  Please contact me with any
questions.

PLEASE FORWARD TO OTHERS WHO MIGHT FIND THIS INFORMATION USEFUL

Thanks,

Jeffrey Keeler
Director, Environmental Strategies
Enron
Washington DC office - (202) 466-9157
Cell Phone (203) 464-1541


Subject: LADWP, BC Hydro, Bonneville Accused of Gouging California

Energy Cost Study Critical of Public Agencies Too
 Power: DWP is among three government-run producers cited as driving prices
up. Spokesmen deny any market manipulation.

By ROBERT J. LOPEZ, RICH CONNELL, Times Staff Writers

????Government-owned utilities, including the Los Angeles Department of Water
and Power, were influential in driving wholesale electricity prices to levels
that helped ignite California's exploding energy crisis during the summer and
fall, according to public and confidential records.
?????For months, Gov. Gray Davis, legislators and consumer advocates have
chiefly blamed a few private power companies for throwing the state into
darkness and economic chaos.
?????But they are just part of the equation.
?????A confidential document obtained by The Times names power providers that
have allegedly manipulated the electricity market. While the document does
identify out-of-state merchants criticized for gouging, it also discloses for
the first time the extent to which public entities allegedly have maximized
profits in the volatile spot market.
?????The document--which decodes the identities of unnamed suppliers in a
recent state study--singles out three government-run agencies as consistently
trying to inflate prices. They are: the DWP, the federally owned Bonneville
Power Administration in the Pacific Northwest and the trading arm of Canada's
BC Hydro in British Columbia.
?????Like a number of privately owned generators, these three producers
offered power at a range of high prices and, sometimes, in large amounts when
the state was most desperate. They also helped saddle California's three
largest utilities with billions of dollars in debt--leading one, Pacific Gas
& Electric, to seek bankruptcy protection last week.
?????The study by the California Independent System Operator, or Cal-ISO,
analyzed thousands of hours of bidding practices for 20 large suppliers in
the spot, or "real-time," market from May to November. The study accounted
for factors such as rising production costs, increased demand, periods of
scarcity and profits that would be earned in a healthy, competitive market.
?????Money earned above that was called excess profits.
?????No entity--public or private--earned as much in alleged excess profits
as British Columbia's Powerex, the state records show.
?????"They were the most aggressive bidders," said Anjali Sheffrin, author of
the coded study.
?????"They had the most amount to bid and the most freedom to bid it in,"
said Sheffrin, who did not discuss any companies by name.
?????The Canadian agency reaped $176 million in alleged excessive
profits--several times the amount collected by all but one of the private
generators. Second on the list was Atlanta-based Southern Co. Energy
Marketing, now called Mirant, which collected nearly $97 million in alleged
inflated earnings.
?????BC Hydro and Mirant--along with the DWP and other producers--say they
played by the rules established under California's flawed deregulation plan
and did not exploit the state's troubles.
?????But BC Hydro officials acknowledge that they did anticipate periods of
severe power shortages and planned for them by letting their reservoirs rise
overnight and then opening them to create hydroelectricity, which could be
produced inexpensively but sold for a premium.
?????"It was the marketplace that determined what the price of electricity
would be at any given time," said BC Hydro spokesman Wayne Cousins. "We
helped keep the lights on in California."
?????And the rates low for their own customers. During the past year, BC
Hydro has stashed hundreds of millions dollars in a "rainy day" account to
ensure that it has among the lowest rates in North America.
?????Los Angeles' Department of Water and Power, although eighth on the list
of alleged profiteers, was among those singled out for seeking high prices
during periods of high demand that helped inflate costs across the entire
spot market, where emergency purchases are made.
?????This, according to state documents, was accomplished by offering power
at incrementally higher prices that would rise substantially with even modest
increases in demand. The strategy also helped prop up prices, keeping them
from falling.
?????The DWP's average hourly bid, or asking price, for electricity
ultimately bought topped such private sellers as Reliant Energy of Houston
and Tulsa-based Williams Cos., two major players in the national energy
market.
?????In addition, the DWP submitted other bids at far higher prices that
could pay off handsomely with even small bumps in demand, the report said,
referring by code to DWP and four other suppliers. "The data shows they
clearly exercised market power to inflate prices further at higher load
conditions."
?????DWP General Manager S. David Freeman called the report's findings
"outrageous," insisting that the utility never tried to inflate prices.
?????"These charges go under the heading there is no good deed that goes
unpunished in this state," Freeman said, noting that DWP power helped avert
more blackouts across the state.
?????He did acknowledge, however, that the agency has charged high prices for
surplus power at the 11th hour but said that was only because it cost more to
produce.
?????"We have consistently charged [Cal-ISO] our cost, plus 15%," he said.
"It's not as though we're up there peddling a bunch of power to jam it down
their throats."
?????Freeman said that when his staff reviewed the coded report, they never
took it personally. "If you're innocent," he said, "you don't look at the
criminal file."
?????Yet another public agency criticized for its behavior in California's
deregulated market was the U.S. government's Bonneville Power Administration,
a nonprofit agency that sells wholesale electricity produced at 29 federal
dams in the Columbia-Snake River basin.
?????Bonneville actually bid slightly lower than the DWP, records show, but
reaped millions more in alleged excessive profits, apparently because it
supplied greater amounts of power during the period studied. Bonneville was
in the top five accused of taking excessive profits.
?????Bonneville officials say some of its profits are used to pay back
federal construction loans and fund an internationally recognized salmon
recovery program.
?????Stephen Oliver, a Bonneville vice president, said his agency did not act
improperly and has asked Cal-ISO for detailed information on how it reached
its conclusions. He said the grid operator often came to Bonneville pleading
for last-minute electricity and offering to pay high prices.
?????"From our point of view, we bid what we had when we had it and we
operated precisely within the terms of their rules," Oliver said.
?????Those rules--and the bidding practices criticized by Cal-ISO--so
distorted the market that Aquila Power Corp. of Missouri, which tried to act
responsibly, has bailed out.
?????It offered the lowest average hourly price of any supplier
studied--slightly more than $8 per megawatt-hour, compared to Mirant's $138,
the highest.
?????But the spot market, as initially designed, made sure that all suppliers
offering power received the highest price paid in any hour.
?????The result: Aquila collected $171 an hour for power it was willing to
sell at a single-digit price.
?????"They weren't the culprits," said Cal-ISO's Sheffrin. "Someone else
drove that up."
?????Aquila spokesman Al Butkus said the company pulled out of the California
market because it was too unpredictable. Although the company made money, he
said, it also could have lost because of possible downward swings.
?????"We looked at it and we didn't feel very comfortable with what we saw,"
he said.
?????The market has since been adjusted to prevent high bids from setting the
price for everyone. But Sheffrin said it hasn't made much difference because
the overall prices are still excessive.
?????"We're saying the patient is sick," Sheffrin said of California's
electricity market. "It needs help [and] may die."
?????


-----Original Message-----
From: 	Van houten, Maria
Sent:	Friday, November 02, 2001 1:11 PM
To:	Smith, Matt
Subject:	Hydro data

Hi Matt,
I checked out the hydro data.  The Corps of Engineers changed the location of the files on their server, which is why our data is behind.  I've pointed our scraper to the new site, and the data is currently being imported into our database.
- Maria


Copy of the presentation to be given to OLNG next week in Dubai.
 -----Original Message-----
From: 	Srivastav, Anshuman
Sent:	Friday, July 13, 2001 9:19 AM
To:	drogers2@enron.com
Subject:	Presentation to Oman LNG on July 19,2001

Hi Dan,

Sorry about not getting your e-mail address right the first time around!

Regards,
Anshuman
---------------------- Forwarded by Anshuman Srivastav/ENRON_DEVELOPMENT on 07/13/2001 07:48 PM ---------------------------

 	  Anshuman Srivastav   07/13/2001 07:42:59 PM

To:	Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Mathis/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, victoria.tattley@Linklaters.com, droger2@enron.com
cc:	Shubh Shrivastava/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:	Presentation to Oman LNG on July 19,2001

Folks,

Please find attached a draft version of the presentation to be made to Oman on July 19-20,2001.  Shubh and I have pieced this presentation together from various lender/Board/Greenfield presentations. A few point before you go on to review the presentation:

You will find that we have delved into more detail on specific issues. This has been done to address queries raised by Oman in their letter dated July 4,2001.

This presentation does not answer queries related to any possible outcome of the present imbroglio and its impact on the OLNG/DPC SPA

We do not propose to give them copies of MSEB's rescission letter as requested by them. While they had earlier asked for a copy of the PTN, we had only summarised the same in an Update to them.

Also please find attached a copy of the letter received from Oman dated July 4,2001

We have not given any cost estimates on mothballing and cost to complete the project .

Looking forward to comments from all of you.

Regards,
Anshuman

<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>


July 23, 2000

Previous Numbers :

     Teco Tap        50.000 / HPL IFERC ; 10.000 / Enron

     LS HPL LSK IC       30.000 / Enron

Corrected Numbers:

     Teco Tap       45.000 / HPL IFERC ; 10.000 / Enron

     LS HPL LSK IC       30.000 / Enron

July 28, 2000

Previous Numbers:

     Teco Tap       10.000 / Enron ; 61.250 / HPL IFERC ; 8.750 / HPL Gas
Daily

     LS HPL LSK IC       30.000 / Enron

Corrected Numbers:

     Teco Tap       10.000 / Enron ; 66.250 / HPL IFERC ; 3.750 / HPL Gas
Daily

     LS HPL LSK IC       30.000 / Enron


Tod

Just to be clear I am expecting Mike to let San Antonio know today that we are out at that price.  We are therefore assuming the AEP deal will for with our PPA still in place.

Louise

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Friday, September 14, 2001 8:24 AM
To:	Curry, Mike; Lindholm, Tod A.; Presto, Kevin M.
Subject:	RE: Wind PPA Value

Zero cost to the Guarantee as it is not recognized as financial.

Tod, Clearly you should puch forward on the AEP sale assuming we keep our PPA.

Louise

 -----Original Message-----
From: 	Curry, Mike
Sent:	Thursday, September 13, 2001 7:23 PM
To:	Lindholm, Tod A.; Kitchen, Louise; Presto, Kevin M.
Subject:	Wind PPA Value

Per your request, I will start providing a daily status report on the Wind PPA MTM value.  As of the close of Thurs. 9/13, the PPA value was approx. $24.0 MM (after reserves).  When I receive the $100MM guaranty cost I will start incorporating this into a net calculation for an Enron Corp. view of the value.

Regards,

Mike Curry
Enron Power Marketing, Inc.
(713) 853-4258
Fax (713) 646-8272


LLB-Mail
October 25, 2001

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Noticed you were not copied . . .

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 07/17/2000
02:12 PM ---------------------------

David Minns@ENRON_DEVELOPMENT
07/17/2000 03:38 AM
To: Alan Aronowitz/HOU/ECT@ECT
cc: Dale Neuner/HOU/ECT@ECT, David Forster/Corp/Enron@ENRON@ECT, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leonardo
Pacheco/Corp/Enron@Enron@ECT, John Viverito/Corp/Enron@Enron@ECT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: EOL GTC's for Weather Derivatives In Australia

Let me add a couple of observations to Alan's explanation. There will be
different GTCs for Japanese and Australian weather products. However as it is
planned that they will both have Enron Australia Finance Pty.Ltd. as the
Enron contracting party and have designate New South Wales (an Australian
State) as the choice of law the forms will be nearly Identical. The only
differences currently relate to different data sources.

There may also be additional changes that come out of the B&M review to
accommodate the fact that the counterparty will almost certainly the
incorporated in Japan. Hence we would want to take all possible steps to
ensure that when we market these products in Japan we minimumise the
possibility that we are that in breach of Japanese legislation. Furthermore
although any transaction will be enforced in an Australian court if a
counterparty only has assets in Japan then the ability to enforce a
transaction would be relevant.

However, there is no need to review the Australian weather GTCs for
conformity with Japanese law. Whilst it is possible a Japanese incorporated
company may seek to trade Australian weather they may also trade crude
derivatives or US power. Rather than insert a provisions in all these GTCs
the appropriate step is for signoff that it is appropriate for a particular
Japanese counterparty to trade particular products. This is the process that
is currently followed.

Accordingly the Australian weather GTCs can now be loaded. The Japanese
weather GTCs are awaiting B&M signoff.

From: Alan Aronowitz@ECT on 14-07-2000 09:40 CDT
To: Dale Neuner/HOU/ECT@ECT
cc: David Forster/Corp/Enron@ENRON, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leonardo
Pacheco/Corp/Enron@Enron, John Viverito/Corp/Enron@Enron, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: EOL GTC's for Weather Derivatives In Australia

We are currently having the GTCs for Australian weather reviewed by local
counsel in Japan for conformity to Japanese law. We will likely have their
comments by early next week (they know there is an urgency to this matter).
My current view is that we probably can have one set of GTCs as long as the
additional language (e.g., representations) suggested by local Japanese
counsel for the Japanese counterpaties would not be confusing to the
Australian counterparties who would be entering into the Australian weather
products.

I also want David Minns, who will be back from vacation on Monday, to review
and approve the final approach on documentation for the two geographical
products offered by Enron Australia Finance Pty. Ltd.

Regards, Alan

	Dale Neuner
	07/14/2000 08:48 AM

		 To: David Forster/Corp/Enron@ENRON, Alan Aronowitz/HOU/ECT@ECT, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leonardo Pacheco/Corp/Enron@Enron
		 cc:
		 Subject: Re: EOL GTC's for Weather Derivatives In Australia

I think there is some confusion here. I had a conversation with Alan
yesterday and at the close was under the impression that we would be using a
single GTC for both Aus and Jpn , but that the existing GTC needed to be
adjusted with respect to Japanese Weather products in the 'Relationship to
Party' and 'Additional Representation' sections.

Alan - please confirm this via return e-mail.

Dale

David Forster@ENRON
07/13/2000 07:44 PM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Leonardo
Pacheco/Corp/Enron@Enron, Dale Neuner@ECT
cc:
Subject: Re: EOL GTC's for Weather Derivatives In Australia

What Japanese version? I thought we had decided it was not necessary.

Leonardo: Please chase this down and obtain concensus and resolution.

Thanks,

Dave

Justin Timothy@ENRON_DEVELOPMENT
07/13/2000 04:17 PM
To: David Forster@ECT, Leonardo Pacheco/Corp/Enron@ENRON
cc: Dale Neuner@ECT

Subject: EOL GTC's for Weather Derivatives In Australia

---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on
07/14/2000 07:15 AM ---------------------------

Paul Quilkey
07/14/2000 07:40 AM
To: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Justin
Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: EOL GTC's for Weather Derivatives In Australia

---------------------- Forwarded by Paul Quilkey/ENRON_DEVELOPMENT on
07/14/2000 06:43 PM ---------------------------
From: Alan Aronowitz@ECT on 07/13/2000 11:30 AM CDT
To: John Viverito/Corp/Enron@Enron
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: EOL GTC's for Weather Derivatives In Australia

You should coordinate with David Minns early next week when he comes back to
make sure that the Japanese version of the on-line GTCs includes the
appropriate representations from our counterparties, as recommended by B&M.
Also, if B&M has not already done so we should have them take a quick look at
the attached for any additional changes for the Japanese market.

I understand from Dale Neuner of EOL Houston who is responsible for the
uploading of the GTCs that the final GTCs for Japan weather need to be into
Houston preferably sometime next week since the launch is July 26. Thanks.

Alan
----- Forwarded by Alan Aronowitz/HOU/ECT on 07/13/2000 11:25 AM -----

	Paul Smith@ENRON_DEVELOPMENT
	07/07/2000 04:48 PM

		 To: David Forster@ECT, Sheri Thomas@ECT, Mario Parra Cardoso@Enron, Frank L
Davis@ECT
		 cc: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Aronowitz@ECT,
David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Leonardo
Pacheco/Corp/Enron@ENRON
		 Subject: EOL GTC's for Weather Derivatives In Australia

Mario and Frank,

Attached are the final GTC's for Australian Weather. Can you please load
these to EOL.

Rgds
Paul

---------------------- Forwarded by Paul Smith/ENRON_DEVELOPMENT on
08/07/2000 07:05 ---------------------------

David Minns
06/07/2000 17:05
To: Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: EOL GTC's for Weather Derivatives In Australia

Paul attached are the settled Australian weather GTCs for loading onto to
EOL.


Thanks for taking the lead on this.  Note Tim's question about handicapping
the liklihood of approval.  Prices will move in the West based on these
odds.  We need to have a better view than anyone else.

Ray Alvarez
04/13/2001 01:19 PM
To: James D Steffes/NA/Enron@Enron
cc: Tim Belden/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan
J Mara/NA/Enron@ENRON

Subject: Re: ISO Market Stabilization Plan

Tim,  although there's always a "chance" my impression is that the FERC won't
buy the ban on exports, as this would appear to run afoul of the Commerce
Clause and certainly goes counter to everything that FERC hopes to accomplish
with their own Order 888 and 2000 initiatives.  I am less certain about the
direction FERC will go on pricing, since even the staff has recognized
stumbling blocks in their own recommendation and offers possible variants.

The ISO has not submitted revised tariff sheets for approval yet, so it is
unlikely they would try to implement their own plan in the near term.  If
they try to do so without FERC approval, possible legal avenues might include
the filing of a complaint at FERC, asking for fast track processing (this
"fast" is measured in weeks, not days) and/or seeking injunctive relief in
court (faster), which can be hard to obtain but not impossible, depending
entirely on the circumstances.

Will keep you posted if I learn anything new on this.  Ray

James D Steffes
04/12/2001 11:21 PM
To: Tim Belden/HOU/ECT@ECT
cc: Joe Hartsoe/Corp/Enron@ENRON, Ray Alvarez/NA/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan
J Mara/NA/Enron

Subject: Re: ISO Market Stabilization Plan

Ray --

Can you please take the lead in responding to Tim re:  FERC v. state actions?

Sue --

Any info on whether the ISO would do this unilaterally?

Jim

To: Joe Hartsoe/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron, Ray
Alvarez/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Steve Walton/HOU/ECT@ECT, Susan J Mara/NA/Enron@ENRON
cc:

Subject: ISO Market Stabilization Plan

The recent plan filed at FERC is horrible.  The two most aggregious parts are
the cost based standing bids and the ban on exports.  I know that we are
commenting on this proposal.  I am also looking for intellegence on whether
the ISO proposal has any chance of getting approved by FERC.  If it is not
approved by FERC, what can the Californians do?  California has ignored FERC
before.  If they attempt to unilaterally implement changes what is the
likelihood that the Feds step in to intervene?  If you hear anything on this
matter please keep me posted.  The proposed plan will have a huge impact on
the California market and we need as much advance notice as possible.


Zhiyang,

Got your message.

As we discussed, the best way to breakdown the big correlation matrix between
different location indices is through "cluster analysis".  The idea is to
select major
hubs and the "satellite" markets.  By establish the correlation between the
hubs
and correlation between the satellites and the hubs, the big matrix can be
significantly
reduced.    Then the traders only need to input the correlations between the
hubs.

This technique has been applied in our Value at Risk system.  You may talk to
Tanya to find out the details.

Zimin

PS: the wsprd code you requested.


--------- Inline attachment follows ---------

From:  <Shalom526@aol.com>
To: ronda.bush@pfizer.com, Ourternrbb@aol.com, Cawping@aol.com, tscmsu@hotmail.com, SGruchot@aol.com, Deltabell@peoplepc.com, BHugg38133@aol.com, EDJamesTN@cs.com, CARTLINK@aol.com, kpedc@msn.com, sallen@PROMUS.com, travel@ducks.org, streimb330@aol.com, Drkadm6@aol.com
Date: Wednesday, January 23, 2002 5:08:32 GMT
Subject:

--------- Inline attachment follows ---------

From:  <RReinh4864@aol.com>
To: Shalom526@aol.com, Lhughes50@aol.com, SBLOSE0316@aol.com, sbowers@midsouth.rr.com, cdorton@mccartytravel.com, nswain@bellsouth.net, CDORTON0308@msn.com, JMSKINN@aol.com, JBryson451@aol.com, SKELLUM2@aol.com, jodiw@home.com, NANCYVANOSTER@aol.com
CC: SharonMse@aol.com, MemphisLady10437@aol.com, Carl870@msn.com, hesspb@msn.com, fluffymom@webtv.net, SNTSELLERS@aol.com, Zeta1978@aol.com, AMERHA@aol.com
Date: Tuesday, January 22, 2002 5:57:51 GMT
Subject:

To those of us who have children in our lives,
whether they are our own, grandchildren, nieces and nephews,
or students ... here is something to  make you chuckle.

Whenever your children are out of control, you can take
comfort from the thought that even God's omnipotence did not
extend to His own children. After creating heaven and earth,
God created Adam and Eve.
And the first  thing he said was, "Don't."
"Don't what ?" Adam replied.
"Don't eat the forbidden fruit." God said.
"Forbidden fruit? We have forbidden fruit?
Hey, Eve ... we have forbidden fruit !"
"No way !"
"Yes, way !"
"Do NOT eat the fruit !" said God.
"Why ?"
"Because I am your Father and I said so !" God replied, (wondering why
he hadn't stopped creation after making the elephants).
A few minutes later, God saw His children having an apple break and was
He ticked!
"Didn't I tell you not to eat the fruit ?"
God, as our first parent, asked.
"Uh huh," Adam replied.
"Then why did you?" said the Father.
"I don't know," said Eve.
"She started it !" Adam said,
"Did not !"
"Did too !"
"DID NOT !"
Having had it with the two of them, God's punishment was that Adam and
Eve should have children of their own. Thus, the pattern was set and it has
never changed!
But there is reassurance in this story. If you have persistently and
lovingly tried to give children wisdom and they haven't taken it, don't
be hard on yourself. If God had trouble raising children, what makes you
think it would be a piece of cake for you?

Advice for the day:
If you have a lot of tension and you get a headache, do what it says on
the aspirin bottle: "Take two Aspirin" and "Keep away from children."

A FEW ADDITIONAL THOUGHTS ! ...
CHILDREN: You spend the first 2 years of their life teaching
them to  walk and talk. Then you spend the next 16 telling
them to sit down and  shut-up.

-Grandchildren are God's reward for not killing your children.
-Mothers of teens know why some animals eat their young.
-Children seldom misquote you. In fact, they usually repeat word for word
what you shouldn't have said.
-The main purpose of holding children's parties is to remind yourself
that there are children more awful than your own.
-We child proofed our home 3 years ago and they're still getting in!