Bill,

I'll look into it and get back to you ASAP.

Donna

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Wednesday, July 11, 2001 2:37 PM
To:	Sheidun, Donna
Cc:	Foster, Chris H.
Subject:	RE: ISO Compliance Filing on June 19 FERC Order

Donna,

This brings us back to the age-old question.  During an emergency, how we can tell what the highest price paid for energy by California is?  Their market clearing price does not include all the spot market energy that they purchase.  The CISO has acknowledged buying well over the artificially low federal price cap from in-state muni's (LDWP, SMUD, etc.) but none of this information is passed on in a timely fashion.  And what qualifies one counterparty for a penalty, and another counterparty for a "do-over" (could be assessed)?

We will continue our practice of notifying the CAISO as soon as possible regarding outages.

Thank you for the information and the follow-up.

Bill

 -----Original Message-----
From: 	Sheidun, Donna
Sent:	Wednesday, July 11, 2001 2:23 PM
To:	Williams III, Bill; Foster, Chris H.
Cc:	DL-Portland Volume Mgmt; Sheidun, Donna
Subject:	ISO Compliance Filing on June 19 FERC Order
Importance:	High

All,

I have reviewed documents from the ISO's website regarding forced outages as they relate to the June 19 FERC order and concluded the following:

(1) During a System Emergency, a penalty based on twice the highest price paid for energy in the hour could be assessed if the Participating Generator does not notify the ISO of the outage within the operating hour of the outage, and

(2) During a Non-System Emergency, a generator could be assessed a penalty if it fails to report the forced outage within the operating hour.

If you have any questions at all, I can be reached at extension 7733.

Thanks,
Donna

 -----Original Message-----
From: 	"Almeida, Keoni" <KAlmeida@caiso.com>@ENRON [mailto:IMCEANOTES-+22Almeida+2C+20Keoni+22+20+3CKAlmeida+40caiso+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, July 11, 2001 1:33 PM
To:	Sheidun, Donna
Subject:	FW: CAISO Notice - ISO Compliance Filing on June 19 FERC Order
Importance:	High

Keoni Almeida
California Independent System Operator
phone: 916/608-7053
pager:  916/814-7352
alpha page:  9169812000.1151268@pagenet.net
e-mail:  < mailto:kalmeida@caiso.com <mailto:kalmeida@caiso.com> >

-----Original Message-----
From: Grant, Colleen On Behalf Of Woertz, Byron
Sent: Wednesday, July 11, 2001 9:45 AM
To: ISO Market Participants
Subject: CAISO Notice - ISO Compliance Filing on June 19 FERC Order
Importance: High

	ISO Market Participants:

	As you know, on June 19, the FERC released its "Order On Rehearing
Of Monitoring And Mitigation Plan For The California Wholesale Electric
Markets, Establishing West-Wide Mitigation, And Establishing Settlement
Conference." Since the Order was released, market participants have raised
several questions regarding the Order. The ISO has received several
questions and plans to share those questions and answers with you within the
next few days.

	In addition, in compliance with the June 19 FERC Order, the ISO has
made its compliance filing with FERC. The filing is posted on the ISO web
site at http://www1.caiso.com/pubinfo/FERC/filings/ for your review.

	The ISO will host a conference call from 12:00 p.m. to 2:00 p.m. PDT
on Monday, July 16 to discuss questions you may have regarding the FERC's
June 19 Order. The details of the call are as follows:

	Dial-In Number: (877)381-6005

	Conference ID: 1361763

	Leader: Byron Woertz

	Our goal will be to clarify the ways in which the ISO is
interpreting and implementing the FERC Order and to address other
implementation issues you may have. We do not plan to discuss issues that
are pending or are more appropriately addressed at FERC. If you have
specific questions you would like for us to address, please send them to me
by COB on Thursday, July 12 so that we can be better prepared to address
them during the call on Monday. If you have any questions, please call or
e-mail me.

	Byron B. Woertz, Jr.

	Director, Client Relations

	(916) 608-7066

	(800) 481-7037 - Pager


tEXas tailgatES talk

I hope everyone has a great holiday coming up. With the
exception of the NCAA Tournament, this is my favorite
time of the year. Bowl season. I will watch them all.
Every single one of them. That New Orleans Bowl, wow.
North Texas, at 5-6, makes a bowl? You must be kidding,
right? Colorado State put the wood to the Mean Green,
and I watched the whole thing. The good news for the
participants in the New Orleans Bowl? You went to a
bowl game. The bad news? Now you have to go back and
take your finals.

The BCS
I'm not sure how in the world Nebraska ended up in the
Rose Bowl. If I am an Oregon fan, I am livid. The Ducks
finished the year 10-1, won the PAC-10 and did everything
that was asked of them, and were left out. Nebraska got 62
pinned on them in late November and still got in. Unacceptable.
The mantra of college football for years has been if you
lose, lose early - unless you're Nebraska. I don't think
Colorado should be there, either (2 losses), but at least
they won the conference.  I figured out a little system
within the BCS that might work, and here it is:

1.  Only conference champions are eligible for the national
title. Nebraska or Florida can still go to a BCS bowl, but
only the champs can win it. This year that would be Miami,
Oregon, Colorado, Illinois and Maryland. You can use the BCS
to determine the top 2. (This would obviously have to be
modified for independent teams like Notre Dame, but that's
for smarter people than me)

2.  If a case like the Oregon/Colorado situation comes up,
where the 2 teams are so close that a clear-cut #2 cannot
be determined, have them play 2 weeks from the BCS announcement
day, which is around the 16th. Pick a place half way between
each school, maybe Vegas for this one, and the BCS can pick
up the bill for both teams, their staffs and bands. The revenue
made from it being the only televised college game that day
would more than make up for the costs. The winner goes to the
title game and the loser goes to a pre-determined bowl.
The 2-week interval would give the kids time to take their
finals, go to award ceremonies (like the Heisman), and still
have a solid week of practice in there for the game. It would
not affect the preparation for the bowl game, since most teams
don't start that until around Christmas. The only down side I
see is it's a long, NFL-like year for the kids. Trust me when
I say it would have bothered no one in Eugene or Boulder if
there was a game last weekend to see who would draw Miami.

The Holiday Bowl in San Diego
Washington
7:30 pm (Austin Time)
ESPN

Texas goes back to Cali to exorcise some west coast demons. The
'horns went 0-2 there in 2000, with a bad effort against Stanford
and a nail biter v. Oregon. Texas is a heavy favorite in this
game for good reason, at least on paper. The Longhorns finished
the season ranked #1 in defense, allowing only 236.3 ypg. The
Huskies are a passing team, and are 16th nationally with 279.5 ypg.
Texas is 12th v. the pass, allowing only 173.7 ypg. They say to
beat a team, make them one-dimensional. Washington already is
one-dimensional. They are 96th nationally in rushing at 111.7 ypg,
which plays right into the hands of the 6th ranked Texas rush
defense, which yields only 89.5 ypg. If Ivan Williams played for
the Huskies, he would be their 2nd leading rusher (trailing the
leader by ~20 yards) and he hasn't seen the field since day light
savings. The Texas defense has to be licking their chops for a
redemption game after the Big XII Championship, and this one could
be just what the doctor ordered, at least on paper.
The match-up of the day will be Quentin Jammer vs. Reggie Williams.
You all know Jam's story, but if you haven't heard of Reggie
Williams, pay attention. The 6'4" 215 lb. freshman is Udub's
"Real Deal."   He had 973 yards on 55 catches and was the PAC-10's
Freshman of the Year.  If he gets loose in the secondary, look
out. The other side of field will be just as intriguing,  with
Rod Babers locked up with burner Paul Arnold, who is their main
deep threat. Babers is a great cover corner, but will have to
bring his A-game to keep up with Arnold. The main problem for
Washington this year has been their o-line. They have given up
25 sacks this season, and are only 38% in 3rd down conversions.
If the Texas front 7 can bring heat on qb Cody Pickett, the Husky
offense could be in trouble.  Major Applewhite starts his final
college game. The offense will not change in scheme, since neither
Texas qb likes to run. Look for some shotgun, though, since Major
likes it and Chris doesn't. If Benson goes (check in the news and
notes section for more on Ced), Texas will look to exploit the
weakness of the Huskies- their run defense. Washington gives up
162 ypg on the ground,  which is exactly what Texas averages.
They allow 4.2 per carry and a whopping 20 touchdowns on the
ground. Senior dt Larry Tripplett is in the Casey Hampton mold,
and the All-American is a great run stopper, but the linebacking
corps is hasn't played consistent enough to help on run defense.
The secondary is young and inexperienced. They have had their
moments, but as a whole, good teams can beat them.  If the Texas
o-line can spark up the running game, Applewhite will pick them
apart with his vision. Look for Washington to bring the house at
Major, and if the o-line repels the borders, Husky fans will be
leaving VERY early.

CORRECTION:

I gave you the wrong address for Moose McGillycuddy's.
Apparently there are 2, and I picked the wrong one.
Here it is:
Moose McGillycuddy's
535 5th Avenue
San Diego, CA 92101
619/702-5595

Here is a link for maps and more info:
http://sandiego.citysearch.com/profile/86556

tEXas tailgate
We are meeting for lunch and watching the Aggie game at a sports
bar on the Trolley route to the stadium. This is not a typical
tailgate party. There will not be balloons or ribbons or any
fanfare, nor will there be any band or reserved seating or anything.
This is simply a gathering place to watch the Aggies and Frogs
and eat something before heading over to the game. We will be
there from 12:30 on. If you have a party of 8 or more, call for
reservations.

Trophy's
7510 Hazard Center Drive
San Diego, CA 92108
619/296-9600
Trolley Exit: Hazard Center

Here is a link to maps and more info:
http://sandiego.citysearch.com/profile/86394

Thursday night we will be at Moose McGillycuddy's (info above)

The team will arrive at QualComm at 3:30 on the west side of
the stadium between gates E and F.

Let's get that 11th win! See you all in San Diego.

News and Notes:
* Don't expect Cedric Benson to play. He is having trouble
with his neck after his Big XII Championship stinger. Look
Victor Ike and Ivan Williams to get the call.
Welcome back, I-Train.
* The 2001 Texas Longhorns could be only the 5th Longhorn
team ever to win 11 games in a season if they beat Washington.
* Texas last finished in the Top 10 in 1983, that will change
if they win this game.
* Texas has received commitments in the last few days from Marco
Martin, super dt out of Div.1 5-A State Champion Mesquite, the
#1 dt recruit in all the land Rodrique Wright out of Alief Hastings,
the #1 player in the state of Oklahoma,  de Bryan Pickryl, and
the #1 rb in Texas, Albert Hardy of Galena Park. Texas already
has the #1 recruiting class in the country right now, and 1 or
2 more of these guys could make the best class to EVER sign with
Texas.
* Washington has had an interesting few weeks since the Miami
game. 1st, backup tight end Kevin Ware, from Spring, TX by the
way, was suspended indefinitely for violating team rules.
Attacking police officers is never a good idea, my man. I hope
he gets himself straightened out, he's a player. Meanwhile, back
up qb Taylor Barton and 2 walk-ons were arrested on the University
of the Pacific campus for trespassing after refusing to leave the
grounds. I'm sure they had their reasons...
So now Washington is left with 2 options at 2nd team qb: Casey
Paus, who is redshirting this season and would lose it for even
1 play, or Adam Seery, a converted linebacker who hasn't thrown
a pass or lettered in his 3 years at Udub.  Now this is a qb
controversy. With the way their o-line plays, all 3 might see
the field and/or the medical personnel.
* Washington had 4 All-Americans this year: dt Larry Tripplett
(3rd team), and wr Reggie Williams, kr Charles Frederick
(both 1st team Freshman All-America),  and punter Derek McLaughlin
(2nd team Freshman All-America).
* The Huskies beat 3 top 11 teams this season
(#11 Michigan, #10 Stanford, #9 Washington State).
* Washington gave up more points than the scored this season.
They average 28.2 points per game, while giving up 29.4. That
tells me you when win you win close, and when you lose, you
lose big.

Around the Conference:
The Bowl Matchups (in the order picked by the Conference):

The Rose Bowl- Miami v. Nebraska - Jan. 3rd
Will karma catch the Huskers? Yes. If the Hurricanes were in the
NFC east, they would have won the division by Thanksgiving.

The Fiesta Bowl- Colorado v. Oregon - Jan. 1st
The best game of the big 4, CU's running game vs. Mike Belotti's
brain. Oregon will have to find away to stop the run, something
they haven't had to do all year.

The Cotton Bowl- Oklahoma v. Arkansas - Jan. 1st
The inverted Longhorn Hand Sign Bowl. The good news is one of
these teams HAS to lose. Coach Bob v. The Nutt, yuck. Moving on...

The Alamo Bowl- Texas Tech v. Iowa - Dec. 29th
This should be a good one. Tech's offense on indoor turf should
be too much for the Hawkeyes. Watch out for the goal posts,
Hawkeyes...

The Insight.com Bowl- Kansas St. v. Syracuse - Dec. 29th
Which Wildcat team will show up? It will be easy to tell: K-State
wins bowl games in blowouts, and loses the close ones.

The MainStay Independence Bowl- Iowa St. v. Alabama - Dec. 27th
The line has Alabama by 6 1/2, but I disagree. This is a well
coached and veteran Cyclone team. They will give Bama all they
can handle.

The Galleryfurniture.com Bowl- Texas A&M v. TCU - Dec. 29th
Whew. A renewal of a classic rivalry from the old days of the
SWC, can TCU... I can't do this. NO ONE CARES. Lose and go away.

That's it for now. I will talk to you after the bowl games.

HOOK'EM
Trey McLean
Texas Exes

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We need to cancel Michael's appt with Sharon for that Monday.  Also, why
don't you try to find at least 2 people to go with you to the Astro's game on
Tueday.  I'll come if I can.

ckm

"Neil Mann" <nmann@erac.com> on 03/29/2001 09:22:35 AM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: April

Yes. I fly out at 2:30 on Monday the 9th and return 10:30pm Tuesday night. I
can try to attend another meeting if necessary. This is for all the officers
but they are doing it in small groups so I would think it would not be a
problem. Honestly, I would like to change it since I fly back to Houston
Sunday morning the 8th from Orlando. I'm not as good at traveling as you.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, March 29, 2001 8:54 AM
To: nmann@erac.com
Subject: April

I only have you out on April 5 and 6 on my calendar.  Is there another day?


Hey Jeff - Just wanted to shoot you a note while I'm thinking of it. One of my other students has one of those Martins you were asking me about and has some good info regarding picking one out. Ask me about it next time I see you. Later -Avram


Just a note to thank you for playing CBS SportsLine.com
Fantasy Baseball. We hope you enjoyed a successful season.

Your Fantasy league's web site will be accessible during the
offseason. However, sometime during the week of November 26,
we must take your league off-line so we can prepare it for
the offseason.

After that week, your league will be accessible again, and
your most important data will remain available. This data
includes final 2001 standings, rosters, schedule and results
(in head-to-head leagues), the league transaction report,
message board posts and league news articles.

If there are any other reports you'd like to keep, please
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in a spreadsheet, and then saving the spreadsheet on your
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Thank you again for playing CBS SportsLine.com Fantasy
Baseball. Have a great offseason, and please join us for
Opening Day 2002!

CBS SportsLine.com Fantasy Staff

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Need your book list from amazon.com!!!!   May sleet and snow tonight but I
think the ground is too warm to  stick or get icy.  Although I could use a
day off work!  Send me your christmas list!  Also, I see that Enron and
Dynegy have been negotiating for days.....this concerns me.  they cannot
seem to come up with a new price.  Are you continuing to lose trading?
what % of normal trades are you now doing a day?  I just hope you and
Matthew are OK.  And Jeannie.  Let me know.  Love you, Mom.


I have the Manual Entry process ready for testing again (testing as in testing by the analysts).  I would prefer to have it used by the analysts at least for a few days to iron out any more potential "bugs" before releasing it to users on the floor.  If the consensus is to have people on the floor be the testers, that is fine as well, as long as they know that the following URL points to a development server.

Without further ado, the link to the Manual Entry Page:

http://fundamentals.dev.corp.enron.com/admin/manualentry/

As stated in the above URL, this is located on the DEVELOPMENT web server.  Users should honestly never be directed to this URL, unless authorized by one of the site developers, since anything on it is subject to be currently in development (read: potentially broken).

Anyway, here are some things that have been added to the Manual Entry piece in this release:

"Previous" data now reflects information in the DB for the latest effective date for the selected cycle (not just "Yesterday" as before)...
There is now an option to enter data for a "special cycle 0"...this is to be used on occasions where no data was scraped (for whatever reason), but there is some available that can be manually entered.  Selecting this option causes ALL points for a given pipeline to be displayed (both normally scraped points AND manually entered points).  A cycle of '0' is applied to this data, and it should only show up on reports until valid scrape data becomes available (since the report engine is designed to pull the latest cycle available).
You can now add "extra" line items to be stored in the DB...this is to be used when you must enter data for more than one flow type for a given point (i.e. the point is reported as both a Receipt and a Delivery).  This should normally only have to be done the first time data is entered for that pipe, since the "Previous" data will handle pulling in and displaying (the next time) every flow type stored for every point on the pipe.

NOTE:  It is set to only allow 1 extra point to be added...this was done to simplify the handling of this feature; I'm open to discussion if you feel there is a need to enter more than one extra point (I see it as a Receipt/Delivery issue...will a point ever be more than that?  Receipt/Delivery/Storage or something?)

I have also fixed the "Exceptions Occurred" bug that cropped up recently...this was caused by moving the manually entered points to their own unique pipeline ids.  The Jaguar system did not get updated to account for that, but it is updated now.

Aside from the above, minor tweaks here and there have also been made.  I am going to enlist the aid of Junellen to "beautify" the layout, but provided no more bugs appear during testing this should be good to go into production by the beginning of next week.

Any questions, feel free to ask or reply.

Thanks,
Chris


---------------------- Forwarded by Eric Bass/HOU/ECT on 05/22/2000 02:17 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           05/22/2000 09:04 AM

To: Brian Hoskins/HOU/ECT@ECT, Luis Mena/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Matthew Lenhart/HOU/ECT@ECT, Timothy Blanchard/HOU/EES@EES, Bryan
Hull/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Nick Hiemstra/HOU/ECT@ECT, Amir Ahanchian/Enron
Communications@Enron Communications
cc:
Subject: GAME TONIGHT @ 9:45

 Let me know whether or not you will be there.  Please try to make it by 9:15.


It just keeps getting better....
----- Forwarded by Dan Lyons/HOU/ECT on 10/20/2000 01:31 PM -----

	Greg Johnston
	10/20/2000 01:25 PM

		 To: Michael Miller/EWC/Enron@ENRON, John Howton/HOU/ECT@ect, Robert P
Virgo/HOU/ECT@ECT
		 cc: Kyle Kitagawa/CAL/ECT@ECT, Duncan Croasdale/CAL/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT
		 Subject: Power Systems Mfg., LLC

Gentlemen, as you are likely aware, PSM has discovered certain fundamental
flaws with the FT4A9 engine that formed part of the PG&E mobile pac which ENA
purchased from PG&E as part of the Advanced Mobile Power Systems project.  As
you will recall, PG&E had difficulty starting the unit, apparently as a
result of a faulty gearbox in the original FT4A11 engine, and therefore we
agreed to swap out the A11 engine and replace it with the A9 engine.  It was
apparently represented to PSM by PG&E that the replacement A9 engine had been
completely overhauled.  PSM's testing and discussions with the shop that was
to have performed the overhaul, both of which occurred subsequent to closing,
have confirmed that the A9 was not overhauled but was simply serviced in
order to allow it to start.

PSM prepared a letter to send to PG&E demanding that the faulty A9 engine be
replaced with the original A11 engine.  I have reviewed that letter and
revised it substantially.  I enclose a copy of that letter as revised by me
for your review and comment.

Also, given that PSM was acting on ENA's behalf in performing the due
diligence on the PG&E unit and given that ENA relied on PSM's due diligence
in acquiring the PG&E unit, I have prepared an additional cover letter to
PSM.  I attach a copy of that cover letter for your review as well, which
letter is fairly aggressive in its current form.  It clearly identifies both
that (i) my comments on the PG&E letter are made only to protect and preserve
ENA's rights and interests and do not represent legal or other advice to PSM
regarding their position and may not be relied upon by PSM as such and (ii)
that we are preserving all of ENA's rights and causes of action that ENA may
have against PSM with respect to these matters.  It seems to me that, if the
engine is in fact in such poor condition, PSM should have discovered that
prior to our closing the deal.  I understand the PSM may have performed
boroscope testing on the original A11 engine but did not, for whatever
reason, perform the same test on the A9 prior to our closing the deal with
PG&E.  In any event, I realize that we have other issues to consider in our
approach to this, such as the finalization of the joint venture, under which
we have around $8 million at risk currently, and also that Principal
Investing is negotiating an equity position in PSM, so I will leave it up to
the commercial people as to how agressive we want to be.  Regardless, even if
we remove the last paragraph of the cover letter, I think that the point made
in the second paragraph regarding legal advice needs to remain.

Thanks

Greg


I think you, or someone in your group, should cover this.  The attendees are
operations focussed and may be interested in issues such as siting,
interconnection and environmental issues.  Also, from a more macro
perspective, what kinds of demands the new industry structure may place on
operators  -- the importance of flexibility in asset operations (ie the
premium the market will place on quick response) or the challenges of
different scheduling regimes between the gas and power markets.

---------------------- Forwarded by Steven J Kean/HOU/EES on 07/25/2000 02:20
PM ---------------------------

JENNIFER STEWART@ENRON
07/24/2000 09:45 AM
To: Steven J Kean/HOU/EES@EES
cc:
Subject: Enron's Global Asset Management Conference

Steve,
As we discussed the other day, Enron's Global Asset Management Conference
committee would like to invite you to be the sponsor for our panel discussion
on Enron's Regulatory and Governmental Affairs issues for this conference
which is being held at the Woodlands Conference Center on October 8-11.  We
would like to have your panel discussion on October 9, from 3:30-5:30PM.  We
would like to ask that the you to put together a session that highlights
topics that provide a insight from both a national and international
perspective

The conference committee has chosen the One Enron theme since the attendees
at the conference are coming from all the Enron business units both
domestically and internationally. The estimated attendance at the conference
will be 225 Enron and Joint Venture employees.  The invitations are being
issued enterprise-wide to employees who are engaged in
operations/maintenance/purchasing./sourcing  This conference is the expansion
of the annual plant managers' conference that is held each year in Houston.
We are replacing it with what we will be a "Best in Class" conference
addressing multiple topics that will provide direction that will result in
lower costs, increased earnings and employee retention.  We will also be
utilizing this conference as an additional mentoring activity for our
Minority/Women Business Enterprise suppliers.
I hope that you will accept our invitation, because I know many of the
participates will benefit from your panels experiences and knowledge.

An agenda has been attached for your review, however it is still in
development.

If you have any questions, I can be reached at (713) 646-8235.

 Jennifer L. Stewart
Senior Director
Global Strategic Sourcing
(713) 646-8235


No, I did not get a call from Jessica.  Therefore, I do not know if this got
resolved or not.  Did Jessica know anything about someone nominating gas at
Pip 3152 on NGPL and if so, had they resolved the issues with Falesc Oil
Company.  The attorney name was Greg Bandelee, spelling unknown, at (217)
234-4204.

	Steven Curlee@ENRON
	11/06/2000 02:21 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Nom Question

I just wanted to make sure that you got your problem resolved last Friday.
Jessica White, who schedules NGPL, should have given you a call.  I meant to
call and check that afternoon to make sure, but got busy on something.  If
you would just respond to this email letting me know if everything is
resolved, that would be great.

Thanks,

Steve


Per Mark's earlier emails and conversations, we have 10 govt's/utilities with
masters in place that are approved to trade, with about another 30 currently
being negotiated.  The other 30 or so will only be approved to trade when we
get signed masters in place and any other relevant documents related thereto
(like legal opinions).


Please disregard the prior day numbers.  They are incorrect due to formula issues.  Please review and notify me of any changes.

Thank you,
Susan


John,

I don't have all the facts around this transaction, but I don't think you are authorized to hedge currency exposure with outside counterparties as you've outlined in your email to Hickerson, etc.  I'd appreciate some information.

Jeff


Russell:
Here are the credit related comments that Pancanadian Energy Services Inc.
made

1. They want the definition of Specified Indebtedness to exclude obligations
with Affiliates.  This is how it is defined in the Canadian Master.

2. They want a Minimum Transfer Amount for each of us of $100,000.

3. They want rounding to be reduced to $100,000 for each of us.

4. In the definition of Letter of Credit, they want the LC Bank to either be
a major US or Canadian Bank, but not a foreign bank with a US branch office.

5. In the definition of Material Adverse Change, they want to delete the
Current assets/Current Liabilities ratio trigger.

Carol


Mr. B. Lowery,

First of all, you sent me a picture with the head cut off.  I couldn't even
see Kendall.
I don't know if something happened with the translation of the file, but try
to send
it again if you can.

In regards to California's energy crisis, I think that California is screwed
- big time.
I think it has the potential to cripple the state's economy.  If, like you
said, noone
really talks about it much in SoCal, I would bet that will change soon.  It
has the potential
to affect every person in the state.  Not only will consumers end up bailing
out the
utilities - SoCal Edison, San Diego, Gas and Electric, PG&E - but it will
likely prevent
many new companies from setting up shop in California.  After all, who would
want
to put millions of dollars in an operation that will be subject to power
interruptions
while paying the highest utility bills in the country.  I think that the only
way California
will come out of this OK, is if it has the least energy intensive weather for
the foreseeable
future.  I don't think this is a problem that will be resolved within the
next couple years.
But remember, that is just my meaningless opinion.

When do you start coming to Texas.  Let me know so we can try to hook up.
I'll talk to
you soon.

Kevin


I believe we need to assign someone from the Central Desk to be the point
person for CES Central Desk activity, for pricing and scheduling issues.

CES currently has issues with the BTU conversions at the different Michcon
citygates.  ENA delivers the gas to different Michcon citygates and each one
has a different BTU factor.  This causes CES to be long or short depending on
the conversion factor.  I'm not sure if there is anything we can do about it
but I would prefer to have someone from the Central Desk address this issue.

Comments?


Dave:
We spend a tremendous amount of resources and money collecting information.
Further, the flow we see gives us an advantage in the market.   We have
little interest in distributing this info outside of the building.  I hope
you understand.   Good luck to your brother.

David Pruner@AZURIX
10/06/2000 09:03 AM
To: John Arnold/HOU/ECT@ECT, Mike Maggi/Corp/Enron@Enron
cc:
Subject: options information

I run the structuring group at Azurix, but I am emailing you in reference to
my brother-in-law, Scott Adams, who is based in New York City.  Since
graduating from Brown University he has traded options on the floor in New
York as a local for the last 8 years.  He trades natural gas options and is
looking to occassionally do an information exchange with someone where he can
discuss the OTC market versus what he sees going on in the ring.  If this
would be of interest or not let me know and I will hook you two up.  Thanks
for your time.
Dave Pruner 713-646-8329


-----Original Message-----
From: 	Goddard, Paul
Sent:	Friday, January 25, 2002 11:44 AM
To:	Dorland, Dan
Subject:	FW: General Announcement

 -----Original Message-----
From: 	Enron General Announcements
Sent:	25 January 2002 11:37
To:	DL-GA-all_enron_worldwide1
Subject:	General Announcement

We sincerely regret to inform you of a tragedy that occurred earlier today.  Cliff Baxter passed away this morning.  Cliff gave many years of dedicated service to the company and his spirit and wit will be remembered.  Our thoughts and prayers go out to Cliff's wife, Carol, and his two children, J.C and Lauren.

We know many of you will want to do something for Cliff's family.  We will notify you as soon as possible about the Baxter's wishes.


Thanks for the messages - I have not heard anything since they left.  VERY
good news!


Hey Mike:
You won't believe whose wedding Megan and I are going to in early Oct. -
Marlon and Marissa's.  As well as OB, Choby, Mike and like Patty Donahue,
Sammy, Amy, etc.  It should be pretty interesting to say the least.  I am
also running in this year's NYC Marathon which falls on the first Sunday in
November.  So trying to get to the east coast for a third time has been tough
to arrange.  How was Patty's wedding -it looked like alot of fun.  I still
want to meet up with you guys somewhere, but I'm just not sure where at this
point - I still think DC.  Let me know what you think.
Ben


Content-Transfer-Encoding: quoted-printable
Date: Mon, 19 Mar 2001 09:46:49 -0600
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Paul Fox" <pfox@bracepatt.com>
Cc: "Ronald Carroll" <rcarroll@bracepatt.com>
Subject: California News - Friday Evening, March 16, 2001
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Disposition: inline

Friday March 16, 9:41 pm Eastern Time

PG&E Corp. Gets $1.2B Tax Refund

SAN FRANCISCO (AP) -- PG&E Corp. disclosed Friday that it has received a $1.2
billion tax refund and will hand over almost all the money to its nearly
bankrupt utility.

The San Francisco-based company said it will give $1.1 billion to Pacific Gas
and Electric Co., the utility whose losses last year triggered the refund. By
turning over the refund to its subsidiary, PG&E is following the suggestion
of a state-ordered audit released in January

The holding company hasn't always been so generous with its utility. PG&E
pocketed a $278 million overpayment that the utility made on its 1999 taxes,
according to the audit by the Barrington-Wellesley Group Inc.

With the refund, Pacific Gas and Electric's cash reserves rose to $2.7
billion, but the utility still doesn't have enough money to pay hundreds of
increasingly testy creditors.

The utility has been on the financial ropes for months because wholesale
electricity prices have been far higher than retail prices since last May. As
of Jan. 31, Pacific Gas and Electric said it had run up an $8.3 billion debt
buying electricity.

Pacific Gas and Electric plans to use some of the tax refund to maintain the
operations that enable the utility to continue delivering power to its
customers.
***********************************************
Friday March 16, 7:33 pm Eastern Time

Giant Calif. Utility Gets Cash Lifeline
By Andrew Quinn

SAN FRANCISCO (Reuters) - California's largest utility, shoved to the brink
of bankruptcy by the state's power crisis, received a $1.1 billion lifeline
on Friday as its parent company turned over a massive federal tax refund to
keep operations going.

Pacific Gas & Electric's financial boost from parent PG&E Corp (NYSE:PCG -
news) will provide the giant utility with desperately needed funds to keep
serving its 13 million customers as the state's political leaders struggle
over a bail-out package.

In a glimmer of optimism, corporate executives said on Friday that a bail-out
deal might be edging closer.

But the cash infusion and bail-out progress came amid growing concern over
the financial health of California's two major utilities amid a crisis fueled
by the disastrous 1996 state electricity deregulation law that forced the
utilities to buy power on the spot market but refused them the right to pass
the higher prices on to consumers.

On Friday, Pacific Gas & Electric said it would make good on only a segment
of debt payments due on April 2 -- adding to the mountain of unpaid paper the
utility has stacked up. Southern California Edison, the state's number two
utility, said it would fight any effort to push it into involuntary
bankruptcy.

In Washington, meanwhile, federal regulators ordered six generators to either
justify why their prices were so high or refund $55 million to California
utilities for overpriced wholesale power sales in February.

The Federal Energy Regulatory Commission (FERC) move followed a similar $69
million refund order against the same six generators last week for their
January sales, boosting California critics who have alleged that
``out-of-state profiteers'' have exacerbated the state's critical energy
shortages.

The crisis led power managers to impose rolling blackouts across parts of the
state twice in January, and federal Energy Secretary Spencer Abraham said on
Thursday he believed more blackouts appeared ``inevitable'' this summer as
air conditioning pushes power demand sharply higher in the state.

PG&E VOICES OPTIMISM

Both Pacific Gas & Electric and its No. 2 rival, Edison International
(NYSE:EIX - news) unit Southern California Edison, have been fighting a
losing financial battle because the 1996 power deregulation law blocks them
from passing along soaring wholesale energy costs to consumers.

As a result, the utilities are well over $13 billion in debt and say they
simply do not have the money to continue purchasing power for their customers.

California Gov. Gray Davis, facing one of the worst economic crises ever to
hit the nation's richest and most populous state, has crafted a rescue
package which involves both emergency state purchases of power and an
elaborate bail-out for the utilities.

But that bail-out, hinging on the state buying the utilities' vast network of
transmission lines, has run into trouble as negotiations bog down over the
price of the deal.

On Friday, however, PG&E Corp. Chief Financial Officer Peter Darbee told a
teleconference with investors that the talks were on track.

``We are making pretty good progress and have moved to the point where a
greater level of detail'' is being negotiated with Davis, he said, adding
that he was ``cautiously optimistic'' a deal could be reached.

Darbee also said the talks had taken on ``a quickening pace of activity'' as
pressure builds to find a solution to the state's power emergency.

The income tax refund raised the utility's cash on hand to $2.7 billion, but
officials said that, once all of the utility's debts were tallied, it would
still be $1.6 billion in the red.

PG&E said on Friday in a filing with the Securities and Exchange Commission
it would make quarterly interest payments on its commercial paper due April
2, but would deferring a quarterly payment on preferred securities.

CONTINUED CONCERN AT SOCAL EDISON

Concern this week focused on Southern California Edison, where a number of
unsecured creditors -- mostly small power generators who rely heavily on
income from the utility -- began considering plans to push the utility into
involuntary bankruptcy.

Officials at the utility's parent company said on Friday they believed
Southern California Edison was in a strong position to fight involuntary
bankruptcy, which they said would cause the state's power crisis to spin out
of control.

``We believe we have solid grounds on which to oppose,'' said Barbara
Mathews, an assistant general counsel for SoCal Edison, in an investor
conference call. ``We believe that bankruptcy court intervention isn't
necessary or in anyone's best interest right now.''

Edison International Chief Financial Officer Ted Craver said the solution to
the utilities' woes ``is very much tied up in the political process'' -- but
said it should come soon.

``People's patience is getting short. We really need a solution and we need
it soon,'' he said.

Wall Street, which has been watching California's lurching efforts to resolve
its energy crisis, clearly agrees.

Edison International shares closed on the New York Stock Exchange down $1.35,
or 9.9 percent, at $12.24, less than half their 52-week high of $26.5625.
PG&E shares closed on the Big Board down $1.50, or 11.6 percent, at $11.42,
compared to their 52-week high of $31.8125.
******************************************
Friday March 16, 9:40 pm Eastern Time

Judge delays ruling on Calif. emergency power sales

SACRAMENTO, Calif., March 16 (Reuters) - A federal judge on Friday delayed
until next week his decision on whether to extend an order requiring four
independent energy companies to sell electricity to the California power grid
operator.

U.S. District Court Judge Frank Damrell put the case on hold until March 20
following a lengthy hearing Friday in which lawyers for Reliant Energy Inc.
(NYSE:REI - news), Williams Cos. Inc. (NYSE:WMB - news), AES Corp. (NYSE:AES
- news) and Dynegy Inc. (NYSE:DYN - news) argued their companies should be
released from an order to sell power to the California Independent System
Operator (ISO), citing fears of not being paid.

Utility industry and government officials said Damrell was widely expected to
extend the order, a move that would keep in place a Feb. 6 restraining order
requiring Reliant to continue emergency sales to the ISO.

The order was later expanded to include the other suppliers on the strength
of state lawyers' arguments that the power was needed to avoid blackouts.

Back in January, when a severe lack of electricity triggered two days of
rolling blackouts, the ISO was thrust into the position of securing emergency
power on a daily basis to close the gap between surging demand and scant
supplies.

The four energy merchants have repeatedly argued before Judge Damrell that
deals with the ISO poses a major credit risk.

The ISO's credit rating was badly damaged when two of its biggest customers,
the utility subsidiaries of PG&E Corp.

(NYSE:PCG - news) and Edison International (NYSE:EIX - news), ran out of cash
earlier this year buying electricity in the region's volatile spot market.

Facing a combined $13 billion debt, the two utilities now depend on the
long-term contracts negotiated on their behalf by the state's Department of
Water Resources and spot market purchases by the ISO to supplement power
generated at their own plants.

The Department of Water Resources does not pose the same thorny problem for
the energy merchants as the ISO since it draws on the state's still solid
credit rating.

Meanwhile, the ISO, which oversees about 75 percent of the California
transmission grid, is currently buying up to 4,000 megawatts of power a day
-- enough to supply four million homes -- to make up for what has not already
been secured through contracts.

At today's hearing, lawyers for AES, Williams and Dynegy told the court the
three companies had volunteered to extend their sales to the ISO prior to
Friday's hearing.

Houston-based Reliant said it was willing to abide by an extended interim
agreement with the ISO through May.
**************************************
Friday March 16, 6:42 pm Eastern Time

SoCal Edison says ready to fight any forced bankruptcy

By Jonathan Stempel

NEW YORK, March 16 (Reuters) - Southern California Edison, one of the two
utilities struggling to survive California's power crisis, said on Friday it
is in a strong position to fight off a push by some of its creditors to force
it into involuntary bankruptcy.

The utility's parent, Edison International (NYSE:EIX - news), made its
statements late on Friday, a day its shares fell almost 10 percent.

The decline follows a federal court ruling this week that Caithness Energy,
one of SoCal Edison's unsecured power providers, could place a lien on the
utility's Mojave power plant.

It also came after reports surfaced that Coram Energy, another provider, is
circulating a petition among five other providers to push SoCal Edison into
bankruptcy involuntarily, so that it can get paid for power it has already
provided.

The push comes at a time California legislature is reportedly stalled on
talks to allow SoCal Edison, the state's No. 2 utility, and No. 1 utility
Pacific Gas & Electric Co. to recoup more than $13.7 billion of wholesale
power costs they cannot collect because of a rate freeze imposed under
California's failed 1996 utility deregulation.

The cash crunch has already triggered periodic rolling blackouts in the
nation's most populous state.

``We believe we have solid grounds on which to oppose'' an involuntary
bankruptcy filing, said Barbara Mathews, an assistant general counsel for
SoCal Edison, in an investor conference call conducted by Rosemead,
Calif.-based Edison International. ``We believe that bankruptcy court
intervention isn't necessary or in anyone's best interest right now.''

A bankruptcy filing would cause California's power crisis to spin out of
control, said Ted Craver, Edison International's chief financial officer, in
the call.

``The solution is very much tied up in the political process,'' he said.
``People's patience is getting short. We really need a solution and we need
it soon.''

SoCal Edison, which serves 11 million Californians, and Pacific G&E, which
serves 13 million, and their parents, have already missed a variety of
payments or are otherwise in default of various agreements.

POWER GENERATORS ORDERED TO REFUND $55 MILLION

Pacific G&E said on Friday in a filing with the U.S. Securities and Exchange
Commission it intends on April 2 to make quarterly interest payments on its
commercial paper, but is deferring a quarterly payment on preferred
securities. PG&E said in another filing it had transferred $1.1 billion of
its $1.2 billion tax refund to the utility.

Meanwhile, the Federal Energy Regulatory Commission on Friday ordered six
power generators to refund $55 million to the utilities for overpriced
February wholesale power sales.

Edison International shares closed on the New York Stock Exchange down $1.35,
or 9.9 percent, at $12.24. PG&E shares closed on the Big Board down $1.50, or
11.6 percent, at $11.42.

In the conference call, Craver also questioned an article from Dow Jones News
Service suggesting that negotiations with California legislators are going
nowhere.

The article quoted an unnamed senior SoCal Edison executive as saying
negotiations by California with its three investor-owned utilities to buy
their power lines will ``never see the light of day.''

The executive also reportedly said SoCal Edison, which agreed in principle
last month to sell its part of California's power grid to the state for $2.76
billion, is ``nowhere closer to a final agreement.''

The pace of negotiations has ``certainly slowed down,'' Craver said, but
added: ``I don't think that a number of those statements there accurately
reflect what's going on. We are in active discussions with the Governor's
office. We're scratching our heads to determine who this mysterious person is
who made these comments.''

Craver said SoCal Edison, meanwhile, decided on Friday to make an $8 million
payment on first mortgage bonds it had missed 60 days ago, in order to avoid
having to repay $225 million of principal immediately.

Separately, he said Edison International and its utility unit remain in
discussions with bankers who had agreed to ``forbear,'' or not act upon,
defaults on three credit lines through Wednesday. ``Our bank forbearance
agreement expired two days ago,'' said Craver. ``We have initiated
discussions with the banks earlier this week. Those discussions continue.''


Check this out.  I think that we need to be signed up for this.
---------------------- Forwarded by Tim Belden/HOU/ECT on 08/28/2000 06:14 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Gary Ackerman <foothi19@idt.net>                           08/26/2000
02:21 PM

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

Folks,

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

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

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

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

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

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

gba


FYI
---------------------- Forwarded by Richard Shapiro/HOU/EES on 03/24/2000
10:31 AM ---------------------------
From: John Hardy@ENRON_DEVELOPMENT on 03/24/2000 09:28 AM
Sent by: Helen Rizzo@ENRON_DEVELOPMENT
To: Tom Briggs/LON/ECT@ECT
cc:  (bcc: Richard Shapiro/HOU/EES)
Subject: Re: Bank lobbying

Tom,
Rick reminded me that I hadn't responded -- sorry.  Here are my my
adjustments, but I think the document on the whole is very good.
John

Tom Briggs@ECT
02/28/2000 09:53 AM
To: John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Bank lobbying

John:  I have outlined some ideas in the attached draft memo.  I am not clear
whther we are preparing a formal policy memo articulating why and how we
should approach the Bank (and other IFIs) or whether I should be doing
something entirely different.  Give me your thoughts.


Sara:

Attached please find a copy of the assumtion and assignment agreement for
your review and comment.  I also attach the revised guarantee marked to show
changes from our prior version . After you have had an opportunity to review
these documents, please let me know how you would like to proceed.

Regards,

Anna

 <<ASSIGN.doc>>  <<BS FINAL1MARKED.doc>>

> -----Original Message-----
> From: Sara.Shackleton@enron.com [SMTP:Sara.Shackleton@enron.com]
> Sent: Wednesday, February 21, 2001 5:08 PM
> To: ameytina@bear.com
> Subject: Securities Loan Agreement
>
> Anna:
>
> I just received your voice mail.  The package (including the Enron Corp.
> guaranty) has already gone out via Federal Express to your attention.  You
> should receive it tomorrow.
>
> Also, Enron North America Corp. would like to assign the agreement to
> Enron
> Credit Inc. (a Delaware corporation).   Would you like for me to prepare
> the assignment or shall I?  Please advise.  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

 - ASSIGN.doc
 - BS FINAL1MARKED.doc
***********************************************************************
Bear Stearns is not responsible for any recommendation, solicitation,
offer or agreement or any information about any transaction, customer
account or account activity contained in this communication.
***********************************************************************


We will start 30 minutes late.

Sorry for the late notice.

Debra

We will Telcon in David Poston from Portland.

Objective:

To review Volume Mngt processes for ERCOT and receive status on ESCA volume mngt solution.  Please let me know if others need to attend, otherwise I would like to keep the meeting small.

Debra


I have called Jim

	John Schwartzenburg@ENRON_DEVELOPMENT
	04/10/2001 02:03 PM

		 To: Richard B Sanders@ECT
		 cc: Mark E Haedicke@ECT, Randy Pais@Enron
		 Subject: URGENT STOP PAYMENT: Writ of Garnishment of money due CIGSA served
on EECC on April 10

I will copy the writ to each of you immediately.

Mr. Sanders, as you now have the privilege of handling our litigation, I am
looking for your recommendation on how to staff this from a litigation point
of view will someone in your group or the Corp litigation unit do the
courtroom work?

FYI, Bob Vote helped us on the prior garnishment on EECC filed by Dennis
Delewski against CIGSA, did a fine job, and knows the players, and I would be
glad to have his help again. Please us know what you would like to do.

Randy Pais will work it from within EEOS legal.

I have not yet notified Jim Derrick, thinking that either you or Mark might
want to. I am quite happy to call him if you like.

JWVS
----- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT on 04/10/2001 01:54
PM -----

	John Schwartzenburg
	04/10/2001 01:53 PM

		 To: Keith Dodson/NA/Enron@ENRON, Nigel
Carling/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve
Reistetter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen P
Stein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Keith
Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian Stanley/EU/Enron@ENRON,
Kenneth L Bean/HOU/EES@EES, johng@nepco.com@ENRON_DEVELOPMENT, Keith
Dodson/NA/Enron@ENRON, Nigel Carling/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Keith Marlow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve
Reistetter/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen P
Stein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan
Shultz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Lakes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Brand@ENRON_DEVELOPMENT,
Willie Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jude
Rolfes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brian
Stanley/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kenneth L
Bean/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, johng@nepco.com@ENRON_DEVELOPMENT,
steved@nepco.com@ENRON_DEVELOPMENT, danielh@nepco.com, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Randy Pais@Enron, Jim
Desrochers/NA/Enron@Enron, Larry Bishop/NA/Enron@Enron, Robert
Sevitz/NA/Enron@Enron, Cheryl Costa/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John G
Rigby@ENRON_DEVELOPMENT, Claudia Santos@Enron, Wyndel McNamara@ENRON, Richard
Murphy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Shirley
Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kristi
Dobbs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mayra Mendez@Enron, Angie
Chappell/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Mark E Haedicke@ENRON_DEVELOPMENT, Richard B Sanders@ENRON_DEVELOPMENT,
Robert Vote@ENRON, Joseph T Grajewski/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Mark Brand@ENRON_DEVELOPMENT, Michael Pearson/NA/Enron@Enron, Vladimir
Gorescu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: URGENT STOP PAYMENT: Writ of Garnishment of money due CIGSA served
on EECC on April 10

EECC has just been served with a writ of garnishment from the 333rd Judicial
District Court of Harris County  in connection with a judgment against
certain CIGSA entities. In the writ, the court very unambiguously and very
plainly commands that EECC is not to pay any debt or deliver any property to
CIGSA pending further orders from  the court. The writ was issued to enforce
an judgment  for $1.3 million awarded by the court against CIGSA in favor of
Richard P Estrada. EECC is also commanded to appear before the court and list
all funds/assets in our possession that might belong to CIGSA,  and to
disclose what other persons we know ofif any, that might have such funds or
assets.  The lawyer for Mr. Estrada is the same lawyer who successfully
garnished EECC in the past to collect sums owed other CIGSA judgment
creditors.

Please take this prohibition as applying even to cases where CIGSA might be
entitled to the money or the property under our contracts with them, or where
the funds or property are in joint venture acounts or custody in the US or
Mexico until we have had a chance to review matters in detail and make a more
accurate assessment. In the meantime, effective immediately, do not make ANY
payments to or on behalf of, or release ANY property to or on behalf of, any
CIGSA entity without first obtaining legal department approval. The court may
impose penalties for violations  of its garnishment order.

We will assemble an appropriate litigation team to work onthis matter. Randy
Pais will be handling this for EEOS legal. I suggest that Mike Pearson and
Mark Brand get the word out to the Project Management and Project Control
teams on  this matter ASAP.

JWVS


summary attached

-----Original Message-----
From: Presto, Kevin M.
Sent: Thu 12/20/2001 9:56 AM
To: Yeung, Charles
Cc:
Subject: RE: FERC Orders Standards Organization by March 15, and OtherMarket Design stuff

Please send me a summary.

Thanks.

-----Original Message-----
From: Yeung, Charles
Sent: Thursday, December 20, 2001 8:39 AM
To: Nicolay, Christi L.; Nicolay, Christi L.; Steffes, James D.; Novosel, Sarah; Lindberg, Susan; Comnes, Alan
Cc: Presto, Kevin M.; Gilbert-smith, Doug
Subject: FW: FERC Orders Standards Organization by March 15, and OtherMarket Design stuff

Smell of victory?

-----Original Message-----
From: Mike McElhany
Sent: Thu 12/20/2001 8:23 AM
To: estf@nerc.com
Cc:
Subject: FERC Orders Standards Organization by March 15, and OtherMarket Design stuff

See attached


Joan,  I am going to make your noted change and forward executables to
Crescendo.

	Joan Quick
	11/09/2000 04:19 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: Re:

Thanks.
 in the notices section, please put in stacy brewer, 853.3218, fax is
646.2626, stacey.j.brewer@enron.com

To: Joan Quick/HOU/ECT@ECT
cc:
Subject: Re:

Sorry for the delay.  Please review the attached draft.  If it looks OK we
can send to Ken for execution.

	Joan Quick
	11/09/2000 01:38 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject:

hi gerald,  where do we stand in getting and agency agreement between ENA and
crescendo?

thanks


Karin,

I talked to Mike Roberts (the head of the whole weather team), and he is
saying that all expenses for Tony should be charged to Global Products Team.
This is agreed between Vince and Jeff Shankman.
Mike and Vince are negotiating with John to put Stephen (or somebody who will
replace him) to some other cost centres (via research).

It looks like Kevin Moore is happy if Stephen is charged to the same cost
centre as Tony.
Let us right now charge Tony and Stephen to the cost centre below .
Please, could we charge them separately - when John and Vince make their
decision, we should be able to re-charge.

many thanks,

Slava

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Karin Ahamer @ ENRON                           18/04/2001 15:06

To: Tani Nath/LON/ECT@ECT, Viacheslav Danilov/LON/ECT@ECT
cc:

Subject: Re: Thanks!

Tani/Slava

Could you please let me know which costcentre I can bill for any charges
relating to Tony and Stephen.

Thx  Karin
---------------------- Forwarded by Karin Ahamer/EU/Enron on 18/04/2001 15:04
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Stephen Bennett                           18/04/2001 12:14

To: Karin Ahamer/EU/Enron@Enron
cc:

Subject: Re: Thanks!

---------------------- Forwarded by Stephen Bennett/NA/Enron on 04/18/2001
06:11 AM ---------------------------

Kevin G Moore@ECT
04/18/2001 06:11 AM
To: Stephen Bennett/NA/Enron@ENRON
cc:

Subject: Re: Thanks!

R.C. 107043
     Co.# 0413
Stephen , all charges for Soft ware that you use in London
should be charged to the same cost center as Tony Hamilton,
reason being, is that someone will replace you in that position.

                                             Thanks
                                           Kevin Moore

	Enron North America Corp.

	From:  Stephen Bennett @ ENRON                           04/18/2001 05:08 AM

To: Karin Ahamer/EU/Enron@Enron
cc: Kevin G Moore/HOU/ECT@ECT
Subject: Re: Thanks!

You can cost it to my group in Houston.  Kevin Moore has the proper number

	Enron Capital & Trade Resources
	Canada Corp.

	From:  Karin Ahamer                           04/18/2001 05:06 AM

To: Kevin G Moore/HOU/ECT@ECT
cc: Tony Hamilton/EU/Enron@Enron, Mike A Roberts/HOU/ECT@ECT, Stephen
Bennett/NA/Enron@ENRON, Tani Nath/LON/ECT@ECT

Subject: Re: Thanks!

Kevin

Do you know whose costcentre the Microsoft FrontPage is supposed to go on?

Thx Karin

	Enron Capital & Trade Resources Corp.

	From:  Stephen Bennett                           18/04/2001 10:10

To: Karin Ahamer/EU/Enron@Enron
cc: Kevin G Moore/HOU/ECT@ECT, Tony Hamilton/EU/Enron@Enron, Mike A
Roberts/HOU/ECT@ECT

Subject: Thanks!

Hi Karin...

I hope you had a splendid holiday!  I wanted to thank you for getting Tony
and I set up here last week.  We seem to have established a steady daily
routine and are supporting several different trading groups in London as well
as continuing our daily support of traders in Houston.  We've gotten far more
requests for information than we expected, so as a result I will be remaining
in London a little longer than originally expected.  As of now - I'm not sure
exactly when I'll be going back to Houston - but Vince has let me know that I
will remain here as long as necessary to ensure adequate daily weather
support for the London traders.

To that end - I think I will need one additional piece of software installed
on the machine that I will be using on a regular basis.  Could I please get
Microsoft FrontPage installed as soon as we can get it?

That leads to the second issue of desks.  I know that space is a premium here
- and I understand that I may need to move around some as a result.  I
certainly want keep things as simple as possible for everyone - but I also
wanted to make sure that you know that there are certain applications that
are essential for the daily trader support in London and Houston.  As such,
if I move, we will need to make sure that these applications are available
from the beginning of the day (we start about 0600).  The applications are:

1)  Adobe Acrobat - Full Version
2) AccuWeather For Windows - (This is something I will need to install)
3) Microsoft Front Page
4) Terminal Server
5) The full MS Office software package

One idea would be to have a PC move with me - that way we would not need to
reinstall this software which could cause problems with the daily support
routine.

Thanks again for all of your help.  I will let you know - once I know - how
long I will be here.  I should hear something from Vince over the next few
days giving me an idea.

Cheers,
Steve

Stephen Bennett
Senior Meteorologist
Enron Research
Temporarily In London:  Ext 3-4761
Otherwise:  (713) 345-3661


Ben,
 As far as Georgia is concerned, we should have a total of five dots on the
state.  The Doyle project actually needs to be changed to "In Operation" as
it is now going through its run tests.  The Athens, GA site should be labeled
"Development (Site Secured)".  Then, their should be three other dots all
labeled for "Development (Site Under Construction)".  These three dots are
sites in Hart, Jefferson and Washington county, GA.

Stephen

Benjamin Rogers@ECT
05/12/2000 08:05 AM
To: Stephen Plauche/Corp/Enron@Enron
cc:

Subject:

Here are the maps for the development sites.
Ben
3-7998


- StalinQuote.jpg


David:
Here is the ETA.  I apologize for not sending it to you earlier.
CArol


---------------------- Forwarded by Frank Ermis/HOU/ECT on 02/28/2001 07:22
AM ---------------------------

"Kevin O'Toole" <kotoole@westernhubs.com> on 02/27/2001 07:00:03 PM
Please respond to kotoole@westernhubs.com
To: "'O'Toole, Kevin -- WHP'" <kotoole@westernhubs.com>
cc:
Subject: Lodi Gas Storage Open Season

Lodi Gas Storage is under construction!  We have started shop fabrication of
the
facilities piping for the Lodi Gas Storage Project. You will be seeing
frequent
updates on the progress of this high deliverability Northern California
storage
facility.

The attached memo describes an open season we are conducting for 4.5 BCF of
Inventory Capacity and 150 MMCF/D of Injection and Withdrawal Capacity.

Please call me at 281-679-3591, or reply to this e-mail with any questions you
may have.

I look forward to hearing from you.

Kevin O'Toole
Vice President -- Marketing
Western Hub Properties L.L.C.
14811 St. Mary's Ln., Suite 150
Houston, TX   77079-2908
281-679-3591 V
281-679-1564 F
713-208-0153 M
kotoole@westernhubs.com

 - Lodi Open Season 2001.02.pdf
 - Lodi Slides.pdf


Attached is the Reply Brief of Pacific Gas  and Electric Company filed today
in I.99-07-003.
?
Stephanie Louie
Secretary to EDWARD  KURZ
 - reply-f.doc


Kim and Barry -

I had a couple of thoughts with respect to our meeting yesterday on
municipals.  It appears to me that with the California municipals especially,
accellerating the entire sales process will be critical.  I'm thinking about
how we can get in place as much of the required paper as possible prior to
negotiating deal terms.  Much of the required documentation (proof of
authority to transact, outside legal opinion, etc.) will be difficult to push
until you are actually negotiating with these counterparties, as there won't
be any incentive on their part to drive these issues.  However, from our end,
we can prepare all of the required contracts prior to any meetings with these
counterparties so that we don't lose any time on that front.

With that in mind, do you have a list of target counterparties that you will
be attacking in the near term?  If so, please forward to me and I will begin
the process of reviewing from a credit standpoint and putting together draft
Master contracts to put in front of the counterparties.  It will take me some
time to get through reviews/contracts/etc., but if you have a list of
targets, I can at least get started.

If you have any thoughts on how I can help you develop some of this business,
please let me know.

Thanks,

Jay


User iD:  enronatd
PW:        bnaweb22

 -----Original Message-----
From:  "BNA Highlights" <bhighlig@bna.com>@ENRON
[mailto:IMCEANOTES-+22BNA+20Highlights+22+20+3Cbhighlig+40bna+2Ecom+3E+40ENRON
@ENRON.com]
Sent: Wednesday, June 06, 2001 11:07 PM
To: BNA Highlights
Subject: June 7 -- BNA, Inc. Antitrust & Trade Regulation Daily

__________________________________

ANTITRUST & TRADE REGULATION DAILY
Highlights
Thursday, June 7, 2001
__________________________________

ISSN 1526-520X

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA  Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

SIXTH CIRCUIT AFFIRMS SUMMARY DISPOSITION OF UROKINASE CASE
IN UNPUBLISHED OPINION
The summary disposition of a Sherman Act Section 1 and
Section 2 attack on an exclusive supply contract for a raw
material used to produce urokinase, a broad category of
thrombolytics used for treating clinical conditions caused
by blood clots, is upheld in an unpublished opinion by the
U.S. Court of Appeals for the Fourth Circuit ("Microbix
Biosystems, Inc. v. BioWhittaker, Inc., "4th Cir., No.
00-2262, 6/4/01).

http://pubs.bna.com/ip/BNA/atd.nsf/id/A0A4G7D9H5_

COURT ENJOINS TUMS COMMERCIAL, FINDS CLAIM FOR RIVAL PRODUCT
TO BE LITERALLY TRUE
The manufacturer of Tums(R) may need to take a more costly
competing product as a result of a decision by the U.S.
District Court for the Southern District of New York, which
upholds a competitor's comparative advertising while
enjoining a Tums commercial as literally false in violation
of Lanham Act Section 43(a) ("SmithKline Beecham Consumer
Healthcare, L.P. v. Johnson & Johnson-Merck Consumer
Pharmaceuticals Co., "S.D.N.Y., No. 01 Civ. 2775 (DAB),
6/1/01).

http://pubs.bna.com/ip/BNA/atd.nsf/id/A0A4G7D9K4_

STATE REGULATORS OK, WITH CONDITIONS, ON VERIZON BID TO SELL
LONG-DISTANCE SERVICE
Regulators in Pennsylvania June 6 told Verizon Pennsylvania
they would support the phone company's planned application
to the Federal Communications Commission seeking to provide
long-distance services in the state, provided the company
meets several conditions.

http://pubs.bna.com/ip/BNA/atd.nsf/id/A0A4G7D9P9_

REGULATORY RECIPROCITY COULD OFFER SOLUTION TO COMPETITION
IN CANADIAN BANKING SECTOR
OTTAWA--Permitting foreign banks to do business directly in
Canada under the oversight of their home country regulators
would solve Canada's current problem of maintaining
sufficient competition in the retail banking sector,
according to a study released on May 29 by the C.D. Howe
Institute.

http://pubs.bna.com/ip/BNA/atd.nsf/id/A0A4G7D9R1_

__________
Antitrust & Trade Regulation Daily (ISSN 1526-520X)
Highlights are published daily by The Bureau of National
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Unauthorized access or distribution is prohibited.


Well, the only thing that you have to remember is that between where these
are and SMU it is only about 5 miles apart.  In the SMU area there is the
Doubletree, Marriott Courtyard, Residence Inn.

Here is a more comprehensive list that has phone numbers.  I have stayed at
most of the hotels around there and the most bang for your buck is the
Doubletree.  Not too expensive and pretty nice.

http://dc.smu.edu/smu/motels.html

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Friday, November 17, 2000 8:49 AM
To: Bass, Jason
Subject: RE:

what about smu area?

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 11/17/2000 08:43:16 AM

To:   "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject:  RE:

Well, the closest one I know is the Crescent Court and that is REAL nice
and
REAL expensive.  There are La Quintas and other shitty places scattered all
around there.  Of course in Downtown Dallas you could probably find quite a
few decent places to stay and that is real close to the cotton bowl.  Here
are some other possibilities:

http://www.hyatt.com/usa/dallas/hotels/hotel_dfwrd.html

http://www.180096hotel.com/cgi-bin/hotelinfo?SID=NDS&Dest=DFW&LKF=NDS&HotelI

d=DFW%20BRI%20&HName=BRISTOL%20HOUSE%20SUITES&Rating=3.0&Return=Prev

http://www.180096hotel.com/cgi-bin/hotelinfo?SID=NDS&Dest=DFW&LKF=NDS&HotelI

d=DFW%20WYNA&HName=WYNDHAM%20ANATOLE&Rating=4.0&Return=Prev

Saturday would be good for me if you can squeeze it in.  I am going to see
Dad tonight.  I will be there at about 7.

Where are you going to be, that puts you on that side of town?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Friday, November 17, 2000 7:58 AM
To: Bass, Jason
Subject: Re:

I can do the tv but I am busy all weekend so, if I can do it next week let
me know.  I might be able to squeeze it in on Saturday b/c I will be out
that way.

On another note, do you know of any hotels in the cotton bowl area in
Dallas?


Few things:
Linda:  Thanks very much for the call and the help.Tyson is calling John Doer
(sp?) to try to get him in the loop. And she agreed to send the proposal to
Summers today.  Proposal to follow.
I'm working with a guy named Phil Verleger (MIT economist type who worked in
Ford and Carter), who I met at the meeting on Saturday, to come up with a
list of individuals with Democratic, contributor, business community
credientials that can be contacted to seek support for the proposal.  Any
suggested contacts that folks have would be helpful.
John Nesslage (who works for Jim) is running some numbers to get an idea of
the size of rate increases required to pay back the loans under a 10-year
term structure
The UC  Berkeley econ/biz school faculty members I met with on Saturday want
to issue a press release stating there view on "what not to do" (i.e., don't
have the state take over anything, period).  They want to give us a copy to
review for comments/edits before they issue it.  I should be getting tonite
or first thing in the AM tomorrow.  May not go anywhere, but I told them that
I'd be happy to review it.

Jeff


Hello all,

	We're planning on enjoying this nice weather by promptly going to the FPP after work to have some drinks.
Around 5:30 - until, you're all invited.  You may notice my list is shorter than the list of others, but that is a choice
of quality over quantity :P

Dave


Hey Rob,

Last time, one more change, if you will?

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Tuesday, September 25, 2001 1:36 PM
To:	Mims, Patrice L.
Subject:	RE: Enron's Proposed Modifications for Parental Guarantee

 I can agree to 7 business day with a revision to the proposed language in the second line to read as follows, " ... Guarantor shall pay the Obligations within 7 business days ....."

 Let me know if this goes?

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Tuesday, September 25, 2001 12:29 PM
To:	Perlingiere, Debra
Subject:	FW: Enron's Proposed Modifications for Parental Guarantee

Hey lady,

Does the below referenced language work for you?

Let me know.

Thanks

 -----Original Message-----
From: 	Rob.Smith@dynegy.com@ENRON [mailto:IMCEANOTES-Rob+2ESmith+40dynegy+2Ecom+40ENRON@ENRON.com]
Sent:	Tuesday, September 25, 2001 12:27 PM
To:	Mims, Patrice L.
Subject:	RE: Enron's Proposed Modifications for Parental Guarantee

Patrice,
Please see the below comments from my attorney.  Let me know if we can work
with this.
Thanks

I suggest revising that sentence as follows to avoid any potential conflict
within the terms of the Guaranty itself and to accommodate Enron's
reasonable request for a specific number of days:

     " . . . and shall be deemed sufficient notice that, subject to
Paragraph 9 of this Guaranty, Guarantor agrees to pay the Obligations
within 7 business days after receiving the Payment Demand."

Rob Smith
Retail/Alliance Credit Manager
1000 Louisiana Street Suite 5800
Houston, TX 77002
Phone 713.767.6090
Fax 713.767.8772

                    Patrice.L.Mims
                    @enron.com            To:     IMCEANOTES-Rob+2ESmith+40dynegy+2Ecom+40ENRON@enron.com
                                          cc:
                    09/25/01 08:44        Subject:     RE: Enron's Proposed Modifications for Parental Guarantee
                    AM

Hey Rob,

We have one more comment for you to consider:

We must have a definitive number of days in case, "Enron makes a demand on
this guaranty".  We cannot leave the contract silent on that issue.  How
about making it 7 days instead of 5 days.  Our lawyers say that we must
have a definitive number of days.

Your turn!

    -----Original Message-----
   From:   Rob.Smith@dynegy.com@ENRON

[mailto:IMCEANOTES-Rob+2ESmith+40dynegy+2Ecom+40ENRON@ENRON.com]

   Sent:   Monday, September 24, 2001 1:56 PM
   To:     Mims, Patrice L.
   Subject:  Re: Enron's Proposed Modifications for Parental Guarantee

   Patrice,
   Please let me know this is workable and I will get this issued ASAP.
   Thanks
   Rob Smith
   Retail/Alliance Credit Manager
   1000 Louisiana Street Suite 5800
   Houston, TX 77002
   Phone 713.767.6090
   Fax 713.767.8772

   ----- Forwarded by Rob Smith/HOU/Dynegy on 09/24/01 01:54 PM -----

                       Ernie Kohnke
                                            To:     Rob
   Smith/HOU/Dynegy@Dynegy
                       09/24/01 01:53       cc:
                       PM                   Subject:     Re: Enron's
   Proposed Modifications for Parental Guarantee(Document
                                            link: Rob Smith)

   Rob,

   I have made a few changes and one correction.  I deleted the reference
   to
   "must pay within 5 business days" added to paragraph 3.  If Enron does
   make
   a demand under this guaranty, there is no way we can make payment within
   those 5 days (especially since we will need to rely on an outside party
   to
   provide data to us).  As you know, however, when we receive a demand
   under
   a guaranty, we move quickly to verify the request and make payments
   where
   appropriate.

   I completed the information in paragraph 4(a).

   I deleted the second copy of the reps and warranties of corporate
   authority.

   Finally, I reinserted "excluding choice of law provisions . . . "
   language
   to try to keep the case under Texas law, assuming a dispute ever arises.

   All told, most of the changes look fine.

   Thanks.

   Ernie

   (See attached file: Dyn to Enron 1.doc)

                       Rob Smith
                                            To:     Ernie
   Kohnke/HOU/Dynegy@Dynegy
                       09/24/01             cc:     Thomas
   White/HOU/Dynegy@Dynegy
                       11:15 AM             Subject:     Enron's Proposed
   Modifications for Parental Guarantee

   ----- Forwarded by Rob Smith/HOU/Dynegy on 09/24/01 11:14 AM -----

                       "Mims, Patrice
                       L."                     To:
   <rob.smith@dynegy.com>
                       <Patrice.L.Mims@        cc:
                       enron.com>              Subject:     Enron's
   Proposed Modifications for Parental Guarantee

                       09/24/01 11:11
                       AM

   **********************************************************************
   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.
   **********************************************************************
   (See attached file: Dynegy HOldings Parent Guaranty)

    - Dyn to Enron 1.doc << File: Dyn to Enron 1.doc >>
    - Dynegy HOldings Parent Guaranty << File: Dynegy HOldings Parent
   Guaranty >>


Steve,

Attached, for your information and reference, is copy of a presentation that
was created as an internal briefing document on the business activities
within EGM.  The purpose of this presentation is to communicate our
activities and provide individuals with a more detailed reference document on
these businesses in case they come up in Q&A.

This is a confidential and internal document, which includes earnings
targets, goals and objectives.  We have a shorter more external version that
we use to describe our businesses.  I can provide that copy if you are
interested.

Please don,t hesitate to contact me if you have any questions or would like
to discuss this in more detail.

Thanks,
mike

PS I sent this to IR and Palmer but yours came back due to a bad email
address at EES.


Good quick stats on demand

F. What Caused the Electricity Price Increases in California?
The simplistic story of why California,s electricity prices skyrocketed over
the past year is that demand for electricity had grown equal to, and even
beyond, the supplies of electricity available in the state. Between 1996 and
1999, California,s electricity demand grew by 5,500 MW (14 percent), eight
times the 672 MW (2 percent) increase in electricity generation capacity
added over the same period. Of course, these numbers do not explain why new
electricity capacity was not added as demand grew, or why demand did not
shrink as supplies ran short.
Even detailed studies of the California electricity market oversimplify the
problem*usually highlighting about a half-dozen factors that influence
prices. In fact, as Figure 2 shows, a tangled web of factors led to price
increase. The key lesson of this diagram is that simple solutions are not
possible*many different facets have to change for prices to return to normal
levels.
Many of the price influences in Figure 2 (the un-shaded ones) came about due
to factors in other markets or natural changes in the economy, and there is
little that policy makers can do to influence them. But many other price
influences (the shaded ones) are shaped, and even created, by state policy
decisions, most of them part of the restructuring plan. Policy alternatives
open-ended enough to accommodate the interconnections between factors and
resilient enough to accommodate changes in some or all factors may be able to
bring electricity prices back to more normal levels.


Thank you.  You guys are great and fast !!!!!!!!!!!!!!!

Tracey Tripp <tracey.tripp@prodigy.net> on 08/14/2000 10:09:51 AM
To: whalley@enron.com
cc:
Subject: testing whalley@enron.com

Hello - whalley@enron.com is now working.


SERTO Team,

Enron's outreach meetings in the south begin next week.  For those of you engaging in that process (Dan, Joe, Marchris, Barbara) I thought you should be aware of the DC feedback from their RTO meetings with members from the south.

Rep Burr (NC) -
Concerns about impact of RTOs on when, if ever, North Carolina would opt for retail competition.  Does not expect their "voluntary RTO" bill to be the final work product of the subcommittee.  Final compromise would move in the direction of the expected mandatory RTO features of any Barton draft bill.  Sees RTOs are inevitable.  Also seemed somewhat more conflicted in our direction now that the Grid South model of North Carolina's Duke Energy is the preferred platform in a single Southeast RTO.

Sen. Shelby (AL) -
Reluctance to mandate RTOs
Sympathy for incentives for "voluntary" RTOs
Not much interest in giving FERC more jurisdiction on anything
Skepticism that Senate will act on electricity legislation

Sen. Bingaman (NM) -
Staff (today, 9/20).  Remains our strongest Senate supporters of large RTOs.  Open to our suggestions on transparency and market based rates.  Looks increasingly doubtful that there will be a markup of the electricity title or perhaps any energy bill this year.


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/26/2000 08:11
AM ---------------------------

dkinney@columbiaenergygroup.com on 06/23/2000 05:09:21 PM
To: " - *Kevin.Ruscitti@enron.com" <Kevin.Ruscitti@enron.com>, " -
*chris.germany@enron.com" <chris.germany@enron.com>
cc: " - *Molly.Johnson@enron.com" <Molly.Johnson@enron.com>, " - *Dalphon,
Charles" <cdalpho@columbiaenergygroup.com>, " - *Scott, David"
<dscott1@columbiaenergygroup.com>, " - *Bizik, Kim"
<knovsek@columbiaenergygroup.com>, " - *Jones, Donna"
<djones1@columbiaenergygroup.com>, " - *Destephanis, Kara"
<kdestep@columbiaenergygroup.com>, " - *Boyd, Heidi"
<hboyd@columbiaenergygroup.com>, " - *cfrankl2@enron.com"
<cfrankl2@enron.com>, " - *joan.veselack@enron.com"
<joan.veselack@enron.com>, " - *vversen@enron.com" <vversen@enron.com>, " -
*cindy.vachuska@enron.com" <cindy.vachuska@enron.com>, " -
*cora_pendergrass@enron.com" <cora_pendergrass@enron.com>, " -
*mmitche2@enron.com" <mmitche2@enron.com>, " - *scott.goodell@enron.com"
<scott.goodell@enron.com>, " - *steve.gillespie@enron.com"
<steve.gillespie@enron.com>, " - *cgarcia@enron.com" <cgarcia@enron.com>, " -
*despey@enron.com" <despey@enron.com>, " - *joann.collins@enron.com"
<joann.collins@enron.com>
Subject: CES FOM Volume Request for July 2000

The attached file contains CES's first-of-the-month daily volume requirements
for July 2000.  This request is submitted 3 business days prior to NYMEX close
for the month of July.   The file contains volumes to be delivered to the
citygate as well as volumes to be injected into storage consistent with the
theoretical storage injection schedule.

Please call me if you have questions or problems with the attached request.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - July00_FOM_Req.xls


Amita

Here is the second message form Ken Raisler - I have converted the doc to
Word, and this is attached immediately below

J

---------------------- Forwarded by Justin Boyd/LON/ECT on 22/09/2000 19:10
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  RAISLERK@sullcrom.com                           22/09/2000 19:00

To: justin.boyd@enron.com
cc:

Subject: Marketing Limitations

Attached is the other memo I mentioned regarding marketing limitations.

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

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.

 - 2_XZ01!.WPD


That is correct.

David Forster
02/25/2000 05:41 PM
To: Mark Taylor/HOU/ECT@ECT
cc: Frank L Davis/HOU/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Bryan
Seyfried/LON/ECT@ECT
Subject: Re: Credit Derivatives

I assume this means that none of the 50 customers on the original Customer
Profile list for Credit Derivatives can be located in Canada or Germany . . .

Dave

To: David Forster/LON/ECT@ECT
cc:

Subject: Re: Credit Derivatives

There are still certain jurisdictions where we are not offering the product:
Germany and Canada come to mind.

David Forster
02/25/2000 04:10 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Credit Derivatives

Mark,

I recall at one time, we were concerned that Credit Derivatives could be
considered to be insurance, and therefore we would come under certain
regulations. I assume this was resolved to our satisfaction?

Dave


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/21/2000 07:30
AM ---------------------------

jporte1@columbiaenergygroup.com on 06/21/2000 06:23:15 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Re: CGAS Storage

We only took 80% of what we could, so we can increase by Market Zone delivery,
or not. We have advised any new buyer of the options and are keeping them
informed if we are forced to make a move, as in the case of the 15,000 of
capacity on TCO. We are being conservative and keeping everyone informed.

Chris.Germany@enron.com on 06/20/2000 04:59:21 PM
Please respond to Chris.Germany@enron.com

To: Jeffrey Porter/CES/ColumbiaGas@COLUMBIAGAS
cc: Scott.Goodell@enron.com
Subject: Re: CGAS Storage

How big of an adjustment can you make as a percentage and are you guys
looking at that adjustment?   OR, are you letting the buyer know this
option exists and you just hope its not your problem by then (that's my
guess)?

jporte1@columbiaenergygroup.com on 06/20/2000 02:53:42 PM

To:   " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:   " - *Scott.Goodell@enron.com" <Scott.Goodell@enron.com>
Subject:  Re: CGAS Storage

Yes, we can adjust by 10/15. If we add, must pay retro to 4/1 and if
reduce, we
may not get any $ back.

Chris.Germany@enron.com on 06/20/2000 02:13:20 PM
Please respond to Chris.Germany@enron.com

To: Jeffrey Porter/CES/ColumbiaGas@COLUMBIAGAS
cc: Scott.Goodell@enron.com
Subject: CGAS Storage

Does CES have the ability to adjust the storage MSQ in Sep or Oct?


Dear Real-Time,

I'm researching a purchase from Puget Sound that was made on 10/17/00 HE 20
for 20 MW @ $115.00 per MW.  EnPower is showing a deal with 34 MW at HE 13
that was partly routed from CALPX, but nothing for HE 20.  We've been told by
Puget Sound that the deal was done real-time and that the Puget trader was
Lisa.  Please help me get this resolved.  If any of you recognize this,
please let me know. Please check your trader's log as well.

Thanks,

Virginia   x 8981