Thursday the 22nd works for me

- Mike

 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Tuesday, November 06, 2001 8:24 AM
To:	'"sbigalow" <sbigalow@email.msn.com>@ENRON'; Roberts, Mike A.
Subject:	RE: ENE

Hello:

What about Thu the following week?
I am going to Baylor on the 15th.

Vince

 -----Original Message-----
From: 	"sbigalow" <sbigalow@email.msn.com>@ENRON
Sent:	Monday, November 05, 2001 6:04 PM
To:	Roberts, Mike A.; Kaminski, Vince J
Subject:	Re: ENE

Hey,

11/15 sounds good, everybody pencil it in. We'll confirm as day gets nearer,
and if Mike wants to go somewhere that serves Spanish Rice, that is fine by
me also:)

Steve
----- Original Message -----
From: "Roberts, Mike A." <Mike.A.Roberts@ENRON.com>
To: "Kaminski, Vince J" <Vince.J.Kaminski@ENRON.com>;
<sbigalow@email.msn.com>
Sent: Monday, November 05, 2001 1:56 PM
Subject: RE: ENE

Vince & Steve,

I'm available any time for dinner other than Mondays or Wednesdays
(taking Spanish at Rice)

Thursdays are best, then tuesdays next.

This week, though, taking off Thursday after work to visit my dad in
North Carolina, so gone Friday too.

Even fridays generally OK, though I'd need to bring Mary Jo!

Bottom Line:  How about next Thursday 11/15????

Also, the earlier the better........(office hours 5am-4pm)

looking forward to it......

--- Mike

>  -----Original Message-----
> From: Kaminski, Vince J
> Sent: Monday, November 05, 2001 1:26 PM
> To: '"sbigalow" <sbigalow@email.msn.com>@ENRON'
> Cc: Roberts, Mike A.
> Subject: RE: ENE
>
> Mike, Steve,
>
> Let's get together. What day would work for you?
>
> Vince
>
>
>
> -----Original Message-----
> From: "sbigalow" <sbigalow@email.msn.com>@ENRON
> Sent: Monday, November 05, 2001 9:11 AM
> To: Vince Kaminski
> Subject: ENE
>
>
> Good Morning,
>
> If ENE closes higher than $11.85 today, it will  have formed a
> Kicker signal, a strong buy.
>
> Dinner?
>
>
> Steve

**********************************************************************
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.
**********************************************************************


Attached please find the Natural Gas market  analysis for today.

Thanks,

Bob McKinney
 - 2-4-02 Nat Gas.doc


Julie,

The discount is  fine. Look fwd to receiving the books.

Vince

"Julie" <julie@lacimagroup.com> on 01/08/2001 09:30:53 PM
Please respond to "Julie" <julie@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>
cc:
Subject: order for book

Vince,
?
I can offer you 12.5% off of your order for 50 books (we originally spoke  to
Habiba about setting up a 50% discount?but Enron would have to order a
minimum of 200 books.??since the?change over, nothing has been  set up on
this).?
?
Let me know if I should go ahead with the invoice.
?
Thanks,
Julie


Please be advised that Sara has approved and Bill Bradford as signed, on behalf of ENA, the following documentation:

1.	Fourth Amendment to Master Energy Price Swap Agreement between ENA and Morgan Stanley Capital Group, Inc.;

2.	Amendment Agreement between ENA and The Chase Manhattan Bank; and

3.	Derivatives Novation Letter among Deutsche Bank AG, Bankers Trust Company and ENA.

Originals of the above documents have been forwarded to the respective counterparties for execution.


yes he is going to deposit the check today if he has time, he was going to do his best to do it today but he was working on selling his house and buying another, if not then first thing in the morning, $1000.

He said that Jeff Keller is definitely interested in the stereo, do you want me to call him later?

Love you

The Pigs

 -----Original Message-----
From: 	Angelica Paez <ampaez@earthlink.net>@ENRON
Sent:	Monday, November 26, 2001 4:06 PM
To:	Griffith, John
Subject:	Re: pick up

That's fine.  Did you talk to Scott?
--
Angelica Paez <ampaez@earthlink.net>
From: John.Griffith@enron.com
Date: Mon, 26 Nov 2001 17:06:02 -0600
To: ampaez@earthlink.net
Subject: RE: pick up
How about 6:45, tomorrow is settlement (bid week) is that okay?  let me
know.
Love you
The pigs
   -----Original Message-----
  From:   Angelica Paez <ampaez@earthlink.net>@ENRON
  Sent:   Monday, November 26, 2001 3:56 PM
  To:     Griffith, John
  Subject:  pick up
  Hi piggy.  What time do you want me to pick you up?  Love you and hope
  your
  belly is ok.
  --
  Angelica Paez <ampaez@earthlink.net>
**********************************************************************
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.
**********************************************************************


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--------------------T O P S T O R I E S--------------------

Top Stories (January 19)

CALIFORNIA ENERGY BILL CALLS FOR STATE TO SPEND $400M ON POWER
California Senate President Pro Tem John Burton introduced emergency
legislation Thursday night that would authorize the state Department of Water
and Resources to spend $400 million from the state's general fund to finance
wholesale power purchases at market prices.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/19/eng-djn/eng-djn_012021_109_968083705753

BUSH TEAM: PRICE CAPS WON'T SOLVE CALIFORNIA POWER CRISIS
President-elect George W. Bush doesn't support price controls as a solution
to California's mounting electricity crisis, a Bush spokesman said Friday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/19/eng-djn/eng-djn_152025_90_6189310736954

FERC CHAIRMAN DROPS EFFORT TO RESUME CALIFORNIA POWER CONTRACT TALKS
The U.S. Federal Energy Regulatory Commission's acting chairman abandoned an
effort Friday evening to reinitiate settlement conference negotiations on
long-term power sales contracts for California's ailing power market.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/20/eng-djn/eng-djn_000032_139_950407759752

AMERGEN UPS VERMONT YANKEE BID TO $40M, ATTACKS ENTERGY
AmerGen Energy Co. on Friday said it has nearly doubled its standing offer
for the Vermont Yankee nuclear plant to $40 million, and claimed the value of
a rival bid had been exaggerated.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/19/eng-djn/eng-djn_194031_121_747544843238

-OKLAHOMA ENERGY COMPANIES TRY TO COMBAT BOOM-BUST CYCLE
When it comes to roller-coaster business cycles, the energy industry towers
above most others.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/writersd
esk/2001/01/19/eng-powerm-000001/eng-powerm-000001_182354_48_4326855023392

NETHERLANDS WON'T SEE CALIFORNIA PROBLEM - ECONOMY MINISTER
Dutch Economy Minister Annemarie Jorritsma believes it is unlikely that the
problems of the electricity market in California will be repeated in the
Netherlands in the short term, said a document received Friday.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/19/eng-djn/eng-djn_134030_240_174158373848

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Calif Attorney Gen Asks FERC To Block PG&E Asset Transfer

FERC, Calif Officials Weigh Resuming Pwr Contract Talks

PRESS RELEASE:S&P Cuts PG&E-Related Bonds To CC From BBB-

PRESS RELEASE: Moody's Downgrades California ISO To B3

Hydro One Applies For Reduced Distribution Rate

California AA GO Debt on S&P CreditWatch Negative

AmerGen Ups Vermont Yankee Bid To $40M, Attacks Entergy

Southern California Edison CP Cut To D By S&P

California ISO Credit Rating Cut To B3 By Moody's

PG&E-Related Bonds Cut To CC From BBB- By S&P

Mexico: US Needs To Fix Regulations, Not Import Power

PRESS RELEASE: S&P Puts Calif AA GO Debt CreditWatch -Neg

PRESS RELEASE:S&P Cuts Southern California Edison CP To D

Edison, PG&E: Calif PUC Restraining Order 'An Insult'

GPU/Pa. Agency -3:Regulators Seen Skeptical On GPU Relief

GPU/Pa. Agency -2: Wholesale Loss On Yr Could Reach $250M

GPU Sees Possible 2001 Pretax Supply Loss Of $145M>GPU

GPU Asks Pa. Agency To Defer Excess Energy Costs >GPU

Bush Team: Price Caps Won't Solve Calif Power Crisis

PRESS RELEASE: California Aa2 Rtg Outlook Stable: Moody's

California Aa2 Rtg Outlook Remains Stable, Moody's Says

PG&E, Pacific Gas & Electric Downgraded By S&P >PCG

PRESS RELEASE: PG&E, Pacific Gas & Electric Cut By S&P

California Is Chilling, Not Killing, U.S. Power Plans

Netherlands Won't See California Power Problem - Econ Min

Gener Chile To Vote On Sale Of Argentina Assets Feb 5

SCE&G: 1,000-MW Summer Seen On Grid First Week In Feb

CORRECT:Southern Energy Yr-Ago 4Q Had 4c/Shr Gain,Not Chg

Edison/Commcl Paper-4:Lack Of Liquidity Led To Downgrades

Southern Energy Earnings -5: Year Fincl Table >SOE

Southern Co. Earnings-6: In-Home Electricity Needs Up >SO

Edison/Commcl Paper -2: Payment Was Due Thursday >EIX

Edison/Commcl Paper -3: Pfd Hldrs May Name Bd Members

Edison Intl Owed $32M For Commercial Paper Due Thursday

Edison Intl Didn't Pay For Maturing Commercial Paper>EIX

Southern Energy Earnings -4: Yr-Ago 4Q Net On 4c/Shr Gain

Southern Co. Earnings-5: Sets EPS Growth Target 5% Annually

Low Water Levels Keep Idaho From Moving Power To Calif.

Southern Co. Earnings-4: To Focus On Three Major Areas>SO

Southern Co. Earnings -3: Year Financial Table >SO

Dresdner Kleinwort/EIF -2:Financial Details Not Disclosed

Southern Co. Earnings -2: 4Q Financial Table >SO

Southern Co. 4Q Net 16c A Share Vs 19c >SO

Southern Energy Earnings -3: Europe Grp 4Q Net 6c/Shr

Southern Energy Earnings -2: 4Q Fincl Table >SOE

Southern Energy 4Q Net From Cont Ops 18c/Shr >SOE

So Energy 4Q Amer Grp Net Reflects Calif Credit Reserves

Southern Energy 4Q Americas Grp Net From Ops 11c/Shr Vs 7c

Southern Co. 4Q Oper Net $148M Vs $143M >SO

Southern Co. 4Q Oper Net 21c A Share Vs 22c >SO

Southern Energy 4Q Net 20c A Share Vs 20c >SOE

Southern Energy 4Q Net From Cont Ops Excludes SE Finance

Southern Energy 4Q Operating Revenue $7.9B Vs $554M >SOE

Dresdner Kleinwort Private Equity Buys US EIF Grp >G.DRS

Dresdner Pvt Equity New Name Dresdner Kleinwort Capital

Dresdner Kleinwort Private Equity To Launch US Power Fund

Calif Energy Bill Calls For State To Spend $400M On Power

Calif PUC Rejects SoCal Ed Plan To Sell Nevada Pwr Plant

San Francisco City Attorney Sues Power Generators

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Two-Month Power Gap in Fall May Cost Plenty

Wind Power Potential in Oklahoma Studied

Electric Rates May Rise Again ; 8% Hike Proposed in City Budget Plan

Where the Wild Winds Are

Hitachi, 2 Others, to Ally in Power-Supply Equipment Business

Massey to Head Federal Energy Regulatory Commission

Wall Street Balks at Power Crisis

Developments in Calif. Power Crisis

Albertson's Voluntarily Adds Oregon And Washington to Energy Conservation Plan

Equatorial Energy Inc. Announces Management Change

-Oklahoma Energy Companies Try to Combat Boom-Bust Cycle

-Atlanta Energy Generator Takes a New Identity

-Georgia Agency Considers Easing Natural Gas Consumer Rules

-Energy Department Releases Evaluation of Lockheed Martin in Oak Ridge, Tenn.

Olympia Energy Inc. Announces Normal Course Issuer Bid

Enron And Owens-Illinois Sign Long-Term $2.2 Billion Energy Management
Agreement

Top Energy Summaries - Friday, January 19, 2001 - 4:55 PM

Atco Gas Delivery Charges Decrease While Natural Gas Prices Remain High

PG&E Put on Notice by Los Alamos Energy

Eott Energy Partners, L.P. Declares Quarterly Cash Distribution

South Carolina Electric & Gas Company Sells $150 Million of First Mortgage
Bonds

Fed Officials Suggest Hands-Off Stance on California Power Crisis

Algonquin Power Units Offering Assigned 'S-2' Stability Rating

Top Energy Summaries - Friday, January 19, 2001 - 2:20 PM

Merger Keeps Up Tension in Electrical Engineering

Calif. Governor to Sign $400 Mln Power Purchase Bill at 1130 PT

General Electric Affected by Falling Us Economy

Arc Canadian Energy Venture Fund 2 Acquires 1,666,667 Common Shares And
666,667 Warrants of Sterling Resources

US Will Ask Mexico for Help in Electrical Power Crisis

Repeats: Energy Volume And Open Interest Totals-Jan 19

Energy Northwest Mulls Plant 1 Revival

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
-- Friday, Jan. 19, 2001

GPU Energy Files Response to PapucCompany Seeks Relief from Provider of Last
Resort Burdens, Cites California Situation

Maryland-Based Griffith Energy Names New President

City Weighs Ways to Conserve Power

State Remains under Stage Three Electrical Emergency; Conservation Is Key on
Fourth Consecutive Day of Critically Low Operating Reserves

Ohio Consumers' Counsel Files a Petition with The Puco to Investigate The
Current State of The Natural Gas Industry

Thunder Energy Inc. Acquires New Core Area on Peace River Arch

Top Energy Summaries - Friday, January 19, 2001 - 11:54 Am

Founders Energy Ltd. Announces Plans to Convert Into Provident Energy Trust

Esenjay Exploration, Inc. Announces Second Significant Natural Gas Discovery
Since December 2000

US Senate Sets Hearings for Energy, Interior, EPA Nominees

Power Demand to Sustain High Gas Prices

Eia Sees 32% Gain in US Energy Demand by 2020

Canadian Niagara Power to Lease Port Colborne Hydro

Entergy Enters a Power Surge

City Light Warns of New Rate Boost Amid Grim Reports on Energy Crunch

Bpa Acts in Face of Power Crisis

PSE Customers Could Be Affected by California Power Bankruptcies

California Power Crisis; East Coast Power Company Officials Available to
Discuss California Situation

Department of Energy Announces Research And Development Agreement between
Sandia Labs And Celera Genomics with Technology Provided by Compaq

Abraham Mum on Crisis: Energy Nominee Says It Is 'Premature' to Discuss
California

California's Energy Problems Hinge on Supply Insufficiency And Utility
Insolvency, Says Electricity Market Expert

Partial Deregulation of California's Power System to Blame for Crisis; Retail
Price Deregulation Needed, Says Expert

Image Power Closes $600,000 Financing

Repeats:Silicon Valley Chipmakers Brace for Impact of Power ...

Top Energy Summaries - Friday, January 19, 2001 - 9:19 Am

Capitalize on the Fuel Cell Market

Energy Crunch May Yet Make Waves in Florida Waters

Board Weighs Power Issues

Energy Designate to Move on Yucca

Full: Southern Energy Q4 Pro Forma Net Cont Ops 18c... - Part 4

Full: Southern Energy Q4 Pro Forma Net Cont Ops 18c... - Part 3

Blm Fields Proposals for Wind-Power Project

Southern Energy Is Now MirantMirant Sees the Opportunity to Change The World
with Our Energy

Top Energy Summaries - Friday, January 19, 2001 - 7:03 Am

Experts: Surge in Energy Cost Not Predictable

Rathdrum Power Plant Gets State Permit

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Chubu Electric Gets Order from Taiwan Power

No Major Insurance Claims from California Power Crisis But Litigation Will
Increase, Says Lloyd's of London

Big Russia Power Firm to Help Sakhalin with Coal Supplies.

Hammond Suddards EdgeUnited Kingdom - Power To The People

Aes, Cpc, Panedile Start Hydro Construction - Argentina

High Tech Takes California Power Crisis in Stride (1/19)

Gap Widens between UK Energy Output And Consumption

World Bank: India to Reform Power Sector in State of Rajasthan

Govt Transfers 66 Mln Rbls to Dalenergo for Buying Coal.

Aneel to Publish Rules for US$2.6bn Hydro Projects March - Brazil

American Energy Announces Jacobabad 3 Results

China's First Home-Made Rubbish Power Plant Operational

Full: Southern Energy Q4 Pro Forma Net Cont Ops 18c... - Part 2

Indonesian Power CO Pln to Offer Long Term Purchase Contracts

Indonesia's Pln Signs New Power Purchase Agreement

Major Power Station to Be Built at China's Yellow River

Pakistan's Lakhra Power Project Sell-Off Finalised

Malaysian Finance Minister Denies Bid to Revive Hydro Project

Nepal, India to Upgrade Power Exchange Limit

Firm Contracted to Prepare Master Energy Plan

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

-Oklahoma Energy Companies Try to Combat Boom-Bust Cycle

-Atlanta Energy Generator Takes a New Identity

-Georgia Agency Considers Easing Natural Gas Consumer Rules

-Energy Department Releases Evaluation of Lockheed Martin in Oak Ridge, Tenn.

-Georgia Public Service Board Enacts Emergency Bill to Protect Ratepayers

Bush Spurns Idea of Energy Bailout As Darkness Descends Upon California

Bush Energy Secretary Nominee Wins Unanimous Support from Senate Committee

Tacoma, Wash., Power Company to Arrange for Loans to Buy Electricity

Tacoma, Wash., Electric Officials Ask Federal Regulators to Impose Price Cap

Illinois Panel's Gas Price Query May Include Out-of-State Holding Firms

Utility Company Asks to Raise Rates in Utah; Claims Shortfall of $142 Million

Utility Company Explains Pricing Policies at Coeur D'alene, Idaho, Talk

High Utility Bills Hurt Low-Income Families in Washington State

California Power Woes Give a Boost to Solar Energy Industry

California Governor Declares Electricity Emergency

California Nursing Home Folks Sing REM As Blackouts End World As They Know It

Blackouts Leave Northern Californians Dazed, Confused

Southern California Edison Defaults on Bond Payments, Power Bills

California Temporarily Averts Blackouts in Power Crisis

Salmon Restoration Efforts Cost Oregon Energy Ratepayers Dearly

Portland, Ore., Officials Fear Blackouts in Wake of California Crisis

Rolling Blackouts Plague California As Energy Crisis Deepens

Big Firms in Providence, R.I., Area Face Large Electricity Bills

East Coast, Midwest Power Companies Cannot Help California Energy Crisis

Niagara Mohawk Proposes 7.8 Percent Cut in Residential Power Rates

New Jersey's Energy Conservation Plan Renews Deregulation Debate

Connecticut Power Company to Sell Property for Construction of Electric Plant

Senate Panel Endorses Abraham As Bush Pick to Run Energy Department

California-Based Retail Electricity Seller Drops Massachusetts Customers

California Launches Rolling Blackouts; Governor Outlines Emergency Plan

British Water Company May Challenge Regulator Over Price Caps

German Power Play Lights Up European Independent Power Company Shares

British Electric Company Stock Surges on German Bid Talk

California Leaders Try to Avert Electricity Blackouts

Duluth, Minn.-Based Power Company Surpasses Ambitious Earnings Goal

Arvada, Colo., Reviews Controversial Power Plant Crucial to Future Development

Colorado Senate Aims to Calm Heating-Bill Fears with New Aid Bill

Proponents of Texas Energy Deregulation See No Parallels to California Crisis

Iowa Electricity Customers to Receive Reduction in Energy Bills

The Bakersfield Californian Energy Notebook Column

Mississippi Power CEO Reassures State That Rates Will Stay Put

Mississippi Power CEO Advocates National Energy Policy

New Mexico Firms Try to Economize on Natural Gas Expenses

New Mexico Senator Asks for Delay in Competition of Electric Industry

Shell Energy Ends Low Electricity Rate Due to `Market Support Generation'

Energy Firm Announces Plans for New Augusta, GA., Power Plant

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

UPDATE 1-Utilities no longer your father's Oldsmobile

SoCal Edison omits preferred stock dividends

US govt orders natgas sales to California utility

UPDATE 1-Constellation posts larger-than-expected profit gain

Salvador scavengers defy official disease warnings

Vectren files with SEC to sell 5.5 mln common shares

Canada spot gas follows US cash up in shortcover

Moody's cuts Calif. Independent System Operator to B3

Duke Energy raises annual share growth target

Orange Cty, Calif. aims to protect Edison creditors

SoCal Edison defaults on $32 mln commercial paper

Mont. Colstrip Units 2 and 3 both trip off line

UPDATE 1-Calif. seeks to block PG&E move to protect assets

UPDATE 2-Putin hands Chechnya more powers in revival plan

SCANA to sell $200 mln notes Jan 22 week

Taiwan Power passes on tender to supply 25-yr LNG

UPDATE 2-GPU seeks Pennsylvania relief, citing California

UPDATE 1-GPU seeks Pennsylvania relief citing California

UPDATE 2-Calif. orders PG&E, SCE to supply power to customers

Southeastern growth, weather helps region's utilities

Ingersoll-Rand rebuffs TRC's mini-tender offer

UPDATE 1-SoCal Edison defaults on $32 mln commercial paper

SoCal Edison omits preferred stock dividends

UPDATE 2-Southern profit rise trails expectations

PG&E seeks federal natural gas order through February

WRAPUP 3-Calif. avoids blackouts but may not escape rate hikes

UPDATE 2-Salvadoreans need food and fear rains after quake

UPDATE 3-SoCal Edison defaults on commercial paper

S&P warns it may cut Calif. debt over power crisis

UPDATE 2-SoCal Edison defaults on commercial paper

Vultures look to swarm over Calif utility bonds

UPDATE 1-CalPX becomes first victim of Calif. power crisis

Russia's Putin blasts ministers over heat, power

Richardson orders natgas suppliers to sell in Calif

Southern Co. posts 3.4 pct rise in Q4 earns -1

UPDATE 1-Bush adviser opposes cap on Western power prices

D) UPDATE 2-Putin hands Chechnya more powers in revival plan

Enron subsidiary, Owens-Illinois in energy deal

Norway's King in palace energy-saving drive

UPDATE 1-Calif. Gov. signs crisis power purchase plan

UPDATE 2-Fed poised to act to boost U.S. economy-Broaddus

TABLE-Southern Energy Q4 results

INTERVIEW-New FERC head calls Calif power crisis a 'catastrophe'

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transactions and increased specialization are just some of the changes to
energy markets wrought by the web, and it's just beginning. Implecations of
the internet for energy markets. E. Russell "Rusty" Braziel, Chairman and
Director, Altra Energy Technologies.

Access all online presentations at: http://www.pmaconference.com

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wonderful --- thanks

 -----Original Message-----
From:  Jones, Tana
Sent: Friday, May 25, 2001 8:42 AM
To: Gray, Mary Griff
Subject: Re: AES Eastern Energy

I need to approve, I'll approve today.

	Mary Griff Gray/ENRON@enronXgate 05/25/2001 07:08 AM 	   To: Tana
Jones/HOU/ECT@ECT  cc:   Subject: AES Eastern Energy

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

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

Ladies,

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

Thanks,
Griff


---------------------- Forwarded by Mike Carson/Corp/Enron on 07/18/2000
03:49 PM ---------------------------

"Wodenshek, Chris" <CWodenshek@cantor.com> on 07/18/2000 02:11:36 PM
To: "'john.zufferli@enron.com'" <john.zufferli@enron.com>,
"'rogers.herndon@enron.com'" <rogers.herndon@enron.com>,
"'mike.carson@enron.com'" <mike.carson@enron.com>
cc:

Subject: FW: Fishingtrip Nat gas /electricity

Joh,Rogers and Mike,
The attached details a fishing trip we would like to invite the three of you
to.  We need to reserve boats and hotels soon so check and let me know if
you can make it.

Thanks
Chris and Buck

> -----Original Message-----
> From: McNally , Mike
> Sent: Thursday, July 13, 2000 12:17 PM
> To: Wodenshek, Chris
> Cc: Beaman, Rick
> Subject: Fishingtrip Nat gas /electricity
>
>  <<Fishing trip 81500.doc>>

 - Fishing trip 81500.doc


Title: Interview with Director Susan Ruth on Environmental Strategy Issues
URL(s):

http://www.cera.com/eprofile?u=35&m=2939;

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

CERA Director Susan Ruth sat down recently with CERA's
New Media team to discuss the short-term research focus
of the Environmental Strategy service.

E-mail Category: Multimedia Highlights
CERA Knowledge Area(s): Environmental Strategy

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This electronic message and attachments, if any, contain information
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Copyright 2001. Cambridge Energy Research Associates


I'm told that APS filed against PG&E and "APEC"? also filed against PG&E.

Best,
Jeff

	Vicki Sharp@EES
	02/14/2001 07:17 PM

		 To: Peggy Mahoney/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Dan
Leff/HOU/EES@EES, Mike D Smith/HOU/EES@EES, James D Steffes/NA/Enron@Enron,
Richard Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron
		 cc: Janet R Dietrich/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT
		 Subject: Re: PG&E SEC Filing

FYI, the attached PGE filing makes mention of two complaints filed with the
CPUC seeking collection of unpaid PX credits.  Peggy, if the press tracks
these complaints down, you may get several press inquiries tomorrow.
Jeff, can we figure out who filed  the other complaint?
Please forward as appropriate.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 02/14/2001 06:37
PM ---------------------------
From: Michael Tribolet@ENRON on 02/14/2001 07:04 PM
To: Mike D Smith/HOU/EES@EES
cc: James D Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron,
jklauber@llgm.com, mday@gmssr.com, Robert C Williams/Enron@EnronXGate@EES,
Susan J Mara/NA/Enron@Enron, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES
Subject: Re: PG&E SEC Filing

Per your request, please see the attached.

	Mike D Smith@EES
	02/14/2001 05:37 PM

		 To: Michael Tribolet/Corp/Enron@Enron, Wanda Curry/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, Robert C Williams/Enron@EnronXGate, mday@gmssr.com, James
D Steffes/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@Enron, jklauber@llgm.com
		 cc:
		 Subject: PG&E SEC Filing

Please see the bold language in the article below about PG&E's recent SEC
filing.  Sounds like our "negative CTC's."

Michael--do you have a copy of that SEC filing?  MDS

NEW YORK (Reuters) - PG&E Corp.(NYSE:PCG - news), embattled parent of Pacific
Gas & Electric Co., said on Wednesday it is examining a restructuring of its
bank loans and commercial paper, and that bank lenders on a $1 billion
revolving credit facility to its California electric utility unit won't act
upon that unit's previously announced default until March 6.
San Francisco-based PG&E made the disclosures in a filing late Wednesday with
the Securities and Exchange Commission (news - web sites) (SEC). The utility
had about $1 billion in cash as of Tuesday, PG&E said.
A similar bank deadline affecting credit lines of Southern California Edison
(news - web sites), that state's No. 2 utility and a unit of Rosemead,
Calif.-based Edison International(NYSE:EIX - news), was to expire on Tuesday.
PG&E also said in its filing that as of Monday, Pacific G&E, California's No.
1 utility, may not have paid as much as $433 million of ``energy credits'' to
customers who have chosen to buy their electric energy from a provider other
than Pacific G&E. The utility is required under state regulations to offer
the credits, it said.
Pacific G&E and SoCal Edison have been unable to recover about $12 billion
because of a rate freeze imposed under California's 1996 utility deregulation
law, which has left them unable to pass on their soaring wholesale power
costs to consumers.


Scott

Term sheet for draft contract, as requested.


Dear Jeffrey,

Zane Cooper has just added you to their course, E220-1: Corporate Financial
Reporting.

If you feel that this is an error, please email them at
zcooper@Haas.Berkeley.EDU.

If you have any suggestions or questions, please don't hesitate to write us
at support@izio.com.

Sincerely,

The Izio Team.


London Legal called and the referenced US counterparty has come through the
London Credit based list, and they need to know if they have a US power
marketing license.  Can you let me know?  Thanks!


Thxs Greg

---------------------- Forwarded by David W Delainey/HOU/ECT on 06/27/2000
10:46 AM ---------------------------

	Enron North America Corp.

	From:  Greg Piper @ ENRON                           06/27/2000 10:41 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject:

I filled out in the PEP system a performance review on Edward Ondarza and
Rodney Malcolm and submitted them.  Let me know if you didn't get them or if
you wish to discuss.

Thanks.

GP


Enron and Exelon Unit Set Chicago Power Deal
The Wall Street Journal, 06/07/01

World Watch
The Wall Street Journal, 06/07/01

Enron Broadband invests in AP Engines
Houston Chronicle, 06/07/01

Attempt to save Enron power project in India extended to third day
Houston Chronicle, 06/07/01

Derwent Valley. : Grosvenor Place Pre-letting
Dow Jones International News, 06/07/01

India Dabhol Pwr Lenders Mtg Ends "Positively" - Source
Dow Jones Asian Equities Report, 06/07/01

INDIA: Private firms expect Enron India's woes to end.
Reuters English News Service, 06/07/01

India IDBI Exec Leaves Dabhol Mtg Early; Reason Unknown
Dow Jones International News, 06/07/01

INDIAN PM CONFIDENT OF RESOLVING ENRON DISAGREEMENT SOON
Asia Pulse, 06/07/01

Walking the talk?
The Daily Deal, 06/07/01

GM, Other U.S. Companies Blast Bush Move to Shield Steelmakers
Bloomberg, 06/07/01

Pacific Hydro Bends With the Wind, Flows With Water (Update5)
Bloomberg, 06/07/01

Council status quo for blacks Hispanic growth likely to affect white wards
Chicago Tribune, 06/07/01

Enron Plans to Challenge Power Regulator's Order, Paper Says
Bloomberg, 06/07/01

Since when does rape equal justice?
Chicago Tribune, 06/07/01

PPA in force, claims DPC
Business Standard, 06/07/01

Calif Eyes Ending Access To Alternative Power Suppliers
Dow Jones Energy Service, 06/06/01

Enron and Exelon Unit Set Chicago Power Deal
Dow Jones Newswires

06/07/2001
The Wall Street Journal
A4
(Copyright (c) 2001, Dow Jones & Company, Inc.)

CHICAGO -- Enron Corp. and Exelon Corp.'s Commonwealth Edison Co. signed an
agreement to supply power to the city of Chicago and 47 suburban communities,
in the largest such deal since Illinois deregulated its electricity industry
in 1997.
Under the agreement, Enron will provide 60% of the 400 megawatts of power
contracted annually while ComEd will provide the rest.
Terms of the contract, expected to go into effect this year, weren't
disclosed.
The coalition of governments sent out requests for bids to the state's 13
registered electricity providers last summer in a bid to bring down power
costs.

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

International
World Watch
Compiled by David I. Oyama

06/07/2001
The Wall Street Journal
A17
(Copyright (c) 2001, Dow Jones & Company, Inc.)

ASIA/PACIFIC
Lenders to Enron Unit Continue Talks
Foreign and Indian lenders are scheduled to meet again today in Singapore,
after two days of talks with Dabhol Power, U.S. energy company Enron's Indian
unit, ended in deadlock, according to R.M. Ganatara, general manager of the
Industrial Development Bank of India. The talks are over the future direction
of its $2.9 billion power project near Bombay. "Something is being hammered
out; there isn't a common meeting point yet. We will be looking toward a
solution to end this crisis" at today's meeting, he said. But he said he
wasn't "sure how and where the talks will end" concerning the project, which
has been torn by a bitter dispute between Dabhol and the Maharashtra State
Electricity Board over nonpayment of bills and power charges.

June 7, 2001, 12:09AM
Briefs: Houston & state

Enron Broadband invests in AP Engines
Enron Broadband Services, a division of Houston-based Enron Corp., took part
in a $30 million venture investment into Massachusetts-based tech firm AP
Engines.
Private equity fund Thomas Weisel Capital Partners led the round, while Atlas
Venture, Bessemer Venture Partners and Commonwealth Capital Ventures,
Lighthouse Capital Partners and Mentmore Venture Partners also participated
in the round.
AP Engines develops software that allows broadband Internet service
providers, such as cable and telephone companies, to move a variety of data
types, including, e-mail, voice, video-on-demand and video conferencing over
their networks.

June 7, 2001, 9:58PM
Houston Chronicle
Attempt to save Enron power project in India extended to third day
Bloomberg Business News
SINGAPORE -- Indian banks that funded Dabhol Power Co., a unit of Enron
Corp., and international lenders extended a meeting into a third day to try
to save the $3 billion power project from closure, bankers said Wednesday.
Executives from Industrial Development Bank of India, or IDBI, other Indian
banks and international lenders such as ABN Amro Holding NV decided to meet
again today after initially planning a two-day meeting, the bankers said.
The meeting was called to resolve a dispute related to power prices that has
resulted in Dabhol and the Maharashtra State Electricity Board, its only
customer, starting to terminate the project.
The fate of Houston-based Enron's first investment in India is seen as a
litmus test for future foreign involvement in infrastructure projects in the
country. Indian banks have the most at stake. Unlike them, international
lenders received government guarantees for about $600 million they lent to
the project.
The Indian banks, which have given as much as $1.4 billion in unsecured
loans, are that concerned foreign creditors may call for a termination of the
project and invoke their guarantees and are seeking ways to keep it alive.
Lenders such as ABN Amro, Citibank N.A., a unit of Citigroup, Bank of America
and Credit Suisse First Boston in April approved Dabhol's decision to begin
termination of its power supply contract with the board.
Foreign banks wouldn't comment on what solution they are seeking from the
Indian lenders at the Singapore meeting.

Derwent Valley. : Grosvenor Place Pre-letting

06/07/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The company has, through one of its subsidiaries,
pre-let further office space at 21 Grosvenor Place, SW1 to Enron Power
Operations.
Enron took 1,980 sq. m (21,300 sq. ft) earlier this year and is now taking an
additional 1,170 sq. m (12,600 sq. ft), at GBP0.7m per annum.
The rent payable equates to GBP55 per sq. ft, for a lease expiring in 2014,
with reviews in 2004 and 2009.
Refurbishment of this newly-let space will be incorporated into the current
scheme, at an additional cost of GBP1m, with the work scheduled for
completion at the end of 2001.
ICV Edited News from Dow Jones

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

India Dabhol Pwr Lenders Mtg Ends "Positively" - Source

06/07/2001
Dow Jones Asian Equities Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

SINGAPORE (Dow Jones) A three-day meeting involving institutional domestic
and foreign lenders to U.S. Enron Corp.'s (ENE) troubled Dabhol Power Co.
project in India ended Thursday "positively," one of the lenders told Dow
Jones Newswires.
He added no further meetings were planned in Singapore.
Dabhol, India's largest private power plant, was scheduled for commissioning
in two phases. The project's first phase, a 740-megawatt power plant, has
already been commissioned and 1,444-megawatt phase two is due to be completed
later this year.
The $3 billion Dabhol project has been mired in financial disputes when its
main customer, the Maharashtra State Electricity Board, has failed to pay
several of its bills.
Dabhol has come under fire because of the relatively high cost of its power.
Critics object to Dabhol charging INR7.1 a kilowatt-hour for its power,
compared with INR1.5/KWh charged by other suppliers.
Enron Corp. (ENE) has a 65% controlling stake in the controversial
2,184-megawatt, $3 billion Dabhol project, which supplies power to the State
Electricity Board. MSEB has 15%, General Electric Co. (GE) has 10% and
Bechtel (X.BTL) with 10% are the other shareholders in the project.
A senior official with an Indian lender involved in the DPC project confirmed
that the meeting's outcome was positive.
"There were some positive developments. That's all I can say," the official
told Dow Jones Newswires by telephone.
IDBI Executive Director R.S. Agarwal denied media reports that lenders had
proposed mothballing the second phase of the power project at the lenders
meeting in Singapore.
"We aren't considering any such thing. Reports that say so are wrong. That
was a proposal from Dabhol Power to mothball the DPC's Phase Two for a year,"
Agarwal said, speaking from Bombay.
The DPC had proposed suspending construction of Phase Two of the power
project for "about a year or so until basic issues are sorted out," he said.
"It was felt in the meeting that the (Phase Two) of project should be
mechanically completed in all respects, and then the project's position
should be reviewed thereafter," he said.
"We have forwarded the DPC's proposal to the lenders' engineer Stone &
Webster (U.SEW) to study its commercial implications and have asked them to
report back," Aggarwal said.
He said Stone & Webster's assessment should be completed in around one week's
time.
DPC refused to comment on the result of the lenders' meeting. A Bombay-based
DPC spokesman said he couldn't pass comment on "the internal talks of a
meeting."

The second phase of the project, a 1,444 megawatt power plant, is more than
90% complete.
Speaking earlier Thursday, Wade Cline, DPC's managing director, said an
informal deadline of mid-June had been set to decide whether to continue with
Phase Two construction. However, Cline said the deadline was "not a
definitive D-Day."
"One of the key decisions they (the lenders) are focusing on is continuing
with (Phase Two) construction at the site," he said.
Wade said that an unspecified sum of money had yet to be paid to Phase Two's
contractors led by Bechtel (X.BTL). "It's a significant amount of money,"
Cline said, without elaborating further.
"(Phase Two) of the Project hasn't had any loan disbursements in the last
three months," he added.
One informed source familiar with the lenders' discussions said Phase Two
completion "would require US$500 million," adding the amount owed to
contractors is in the region of US$30 million-US$40 million.
Lenders are attempting to steer the government towards considering additional
buyers for the power produced by DPC.
"We are now at a time when there isn't a lot of certainty as to who is going
to buy the power. We are all working to find solutions to that problem,"
Cline said.
-By Sri Jegarajah, Dow Jones Newswires; 65-415-4066;
sri.jegarajah@dowjones.com (Himendra Kumar in New Deli and Daniel Pearl of
the Asian Wall Street Journal contributed to this report.)

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

INDIA: Private firms expect Enron India's woes to end.

06/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, June 7 (Reuters) - India's private power producers expect an early
end to the dispute between Enron Corp and a local utility after Prime Minster
Atal Behari Vajpayee said he was optimistic about the U.S. firm's
$2.9-billion project.
"Now the central government is taking interest. That too at the highest
level. That is very nice," Harry Dhaul, director-general of the Independent
Power Producers' Association of India, told Reuters.
On Wednesday Vajpayee said he was confident that Dabhol Power Co, 65-percent
owned by Enron, and the Maharashtra State Electricity Board (MSEB), the
plant's only buyer, would sort out their problems.
MSEB, which complains that Dabhol produces costly power, defaulted on
payments of $48 million to DPC last year.
The squabble provoked Enron to serve a preliminary termination notice to MSEB
and the utility declared late in May that it had stopped buying power from
the controversial plant.
Dabhol's first phase of 740 MW is already operational and the next phase was
scheduled to add 1,444 MW later this year. MSEB has already said it would not
buy power from the project's next phase.
Private power producers, who have been demanding federal intervention in the
dispute said Vajpayee's comments augured well for the plant and will help
refurbish India's image that took a beating after the dispute involving its
largest direct foreign investor.
"I think the prime minister has done absolutely the right thing. It is going
to send the right signal that we are back on track and the international
investors concern will be duly met."

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

India IDBI Exec Leaves Dabhol Mtg Early; Reason Unknown

06/07/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- Industrial Development Bank of India Executive
Director R.S. Agarwal returned to India from Singapore late Wednesday after
two days of talks between domestic and foreign lenders on the future of Enron
Corp.'s (ENE) troubled Dabhol Power Co.
Agarwal has returned to India before the meeting has concluded. The meeting -
originally scheduled for two days - has been extended into a third day as
both parties have failed to reach any common ground on how to resolve a
prolonged dispute between the DPC and its sole buyer of power the Maharashtra
State Electricity Board.
Agarwal didn't give a reason as to why he had returned from the meeting
early.

Late Wednesday, R.M. Ganatra, IDBI general manager said talks had ended in a
deadlock. "Something is being hammered out, there isn't a common meeting
point yet."
Speaking from the company's Bombay headquarters, Agarwal said "some (IDBI)
representatives are there still (in the Singapore lenders' meeting)." He
didn't elaborate further. DPC officials are also attending the meeting.
Domestic lenders which include IDBI, State Bank of India (P.SBI) and ICICI
Ltd. (IC) have lent US$1.4 billion to the US$2.9 billion Dabhol Power
project.
Last month, Dabhol Power issued a preliminary notice to terminate its
agreement to sell power to India's Maharashtra state government and to
provide power from its online 740-megawatt Dabhol Power plant.
Dabhol Power issued the notice to terminate after the state failed to pay
December and January power bills amounting to US$48 million on time. The
state and Dabhol Power are currently in talks in an effort to see if they can
renegotiate the deal including a power purchase agreement the state says is
now too expensive.
Also, a second phase of the project, a 1,444-megawatt power plant more than
90% complete, also is in doubt.
-By Himendra Kumar, Dow Jones Newswires; 91-11-461-9427;
himendra.kumar@dowjones.com

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

INDIAN PM CONFIDENT OF RESOLVING ENRON DISAGREEMENT SOON

06/07/2001
Asia Pulse
(c) Copyright 2001 Asia Pulse PTE Ltd.

MUMBAI, June 7 Asia Pulse - The Indian Prime Minister, Atal Bihari Vajpayee,
today expressed confidence that the 7-month old imbroglio over purchase of
power from Enron promoted-Dabhol Power Company (DPC) would be resolved soon.
Vajpayee, who arrived here for a knee surgery, told reporters that there were
difficulties in finding a solution, but expressed confidence that the issue
would be sorted out.
"Right steps are being taken to sort out the matter," he said, adding the
Maharashtra government and the U S energy major Enron were in a position to
resolve the imbroglio.
Centre has already directed the Central Electricity Authority (CEA) to scout
for buyers of DPC power, mainly in the power-deficient states.
Asked whether the federal government would be buying surplus power from Enron
-promoted Dabhol Power Company, Vajpayee commented "Who will purchase such a
costly power?"
(PTI) 07-06 0950

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

Industry Insight
Walking the talk?
by Lachlan Colquhoun

06/07/2001
The Daily Deal
Copyright (c) 2001 The Deal LLC

India's finance minister says the country is open for business, but delayed
deals and investor wariness tell a different story.
Indian Finance Minister Yashwant Sinha promised earlier this year he would
"walk the talk" on liberalizing the country's famously protectionist foreign
direct investment regime.
Five months on, he's clearly proud of his accomplishments. Too proud. "The
reform measures the government has put in place have paid significant
attention to foreign direct investment," Sinha said in an interview. "An
investor-friendly policy regime has been put in place with foreign investment
being permitted in almost all sectors under the automatic route."
Sinha initially won applause from foreign investors for introducing a program
that included key privatization initiatives and select sector foreign direct
investment liberalization. But the minister has stumbled recently on four key
deals.
The main privatization targets for this year -- state flag carrier Air-India
Ltd., car maker Maruti Udyog Ltd. and local telecom giant Videsh Sanchar
Nigam Ltd. -- all remain unsold.
And Enron Corp.'s long-troubled effort to make a profit from its $3 billion
investment in a 65%-owned power plant in the state of Maharashtra -- the
largest foreign investment in India -- has hit a brick wall. The Houston
power company moved in May to abandon its decade-long effort after repeated
run-ins with the state government over unpaid bills.
For corporate dealmakers, India continues to tempt and disappoint. With a
population of 1 billion and an emerging middle class, the prospect of a
reforming, open Indian economy fascinates foreign companies in the way China
did in the 1990s.
The only problem is the government's inability to implement its rhetoric on
reform. Sinha described the reform process as "irreversible." However, he
said the country was following a "calibrated" approach to "allow the economy
enough time to absorb the impact of restructuring." But calibrated to what?
No foreign groups, for example, were among the bidders expressing interest in
the 25% stake in Videsh Sanchar Nigam the national government is selling.
India's tangled telecom regulations made a bid far too problematic.
New Delhi's effort to sell 40% of Air-India is also freighted with red tape.
First off, the government is offering only 26% to a foreign carrier. This led
Delta Air Lines Inc. of the U.S. and Air France, which were planning a joint
bid, to drop out of the race.
That cleared the path for a bid by Singapore Airlines Inc. in partnership
with the local Tata group, the original owners of the nationalized air
carrier. But what is a minority stake in perpetually money-losing Air-India
worth? SIA and Tata could well balk if New Delhi asks too much.
Then there is the government's 50% stake in Maruti Udyog. Joint venture
partner Suzuki Motor Corp. has the first right of refusal on the government's
choice of buyer. The Japanese carmaker prefers that General Motors Corp.,
which holds a 20% stake in the local carmaker, buy out the government. But
the government has said no.
With New Delhi and Suzuki barely on speaking terms, the sale could be a long
way off. This would make the issue "forever and after the epitome of lost
privatization opportunities," says Udayan Bose, chairman and CEO of Lazard
India.
Sinha's response? "The government appointed a committee on March 26 to
negotiate with Suzuki. The committee has commenced formal negotiations with
Suzuki."
To be fair, Sinha has one piece of reform of which to be proud. Passage of
legislation liberalizing the insurance sector last year was his major triumph
and a landmark for global insurance giants.
Standard Life Assurance Co. and Prudential Corp. plc of Britain, as well as
Metropolitan Life Insurance Co. and American International Group Inc. of the
U.S., are among the foreign players already hooked up with Indian partners.
Sinha says the reforms will triple the size of the local insurance market
within three years.
Sinha predicts other victories soon.
"We have already taken the decision to privatize 27 public sector companies,"
he said. "In most of these cases, the process is on. We have streamlined
procedures, and it is our duty to convince the people of this country and
Parliament that the process is transparent."
Still, the privatizations of Air-India, Maruti Udyog and VSNL mean the
government's $2.3 billion sales target for this year is clearly in trouble.
And recent overall FDI figures are not encouraging, either. According to the
Reserve Bank of India, approval was granted for FDI of $55.1 billion between
1991 and 1998, but only $12 billion was actually invested.
India's infamous bureaucracy turned many potential investors away. But also
of concern is the economy. GDP growth, which many regard as inflated by
statistical quirks anyway, has declined from 6.6% in the fiscal year ending
March 2000 to an estimated 6% in fiscal 2001. Industrial growth fell from
8.2% to 6%.
Pressed about a lackluster macroeconomic picture Sinha pointed instead to the
nation's undoubted strengths. "India offers a vast reservoir of well-skilled
technical manpower, an abundance of natural resources and a well-developed
communication network," he boasted. "The country has liberalized in
practically all sectors and has developed a substantial degree of openness."
More's the pity, then, that the country has a demonstrated ability to shoot
itself in the foot whenever economic reform looks promising.
Lachlan Colquhoun is a Daily Deal correspondent based in Syndey.
http://www.thedeal.com

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

GM, Other U.S. Companies Blast Bush Move to Shield Steelmakers
2001-06-07 00:01 (New York)

     Washington, June 7 (Bloomberg) -- General Motors Corp. is
concerned that an investigation President George W. Bush ordered
of foreign steel in the U.S. may lead to import curbs, pushing up
prices for the cars and trucks it sells consumers.
     Stripmatic Products Inc., a Cleveland company with 30
employees that supplies brake components to GM and other
automakers, has a deeper worry: If it's forced to buy more
expensive U.S. steel, it may lose all its customers.
     ``If they put on import tariffs, I will lose my business to
overseas manufacturers,'' said Stripmatic President Bill Adler,
whose 55-year-old company imports low-grade stainless steel
exclusively from a French manufacturer.
     GM, the world's largest automaker, and Stripmatic were among
the U.S. steel-consuming companies that blasted Bush's Tuesday
order, warning it may cost money and jobs in the $37 billion U.S.
steel industry.
     ``Imported steel has the effect of keeping a dampener on
prices,'' said Bill Noak, a General Motors spokesman.
     Bush told the International Trade Commission, a U.S. agency,
to look into whether steel imports were harming domestic
producers, a step that may clear the way for remedies such as
tariffs, import curbs or an outright ban on the foreign products.
     The president responded to pressure from U.S. steelmakers
such as LTV Corp., Bethlehem Steel Corp. and Weirton Steel Corp.,
which have been lobbying for import protection since 1998, when a
flood of foreign metal sent steel prices and profits plunging.
     Since 1998, 18 U.S. steel companies, including LTV, the
country's second largest, filed for bankruptcy.

                      Pushing for Protection

     The U.S. industry has lost 80 percent of its jobs in the last
two decades, and steelmakers and steelworkers mostly blame
imports, which now take up about 27 percent of the U.S. market,
the world's largest.
     They charge that unfair trade practices, including government
subsidies that allow companies from South Korea to Brazil to sell
steel in the U.S. below the cost of production, have made it
impossible to compete on price.
     A metric ton of structural steel used in high-rise buildings
cost about $615 in the U.S. at the end of last year -- and $275 in
Russia, according to the International Cost Engineering Council, a
nonprofit group.
     Bush backed that contention when he said the U.S. industry
has been ``affected by a 50-year legacy of foreign government
intervention in the market.''
     ``All we've ever asked for is a fair and level playing
field,'' said Daniel Dimicco, president of Charlotte-based Nucor
Corp., a ``mini-mill'' that makes steel by melting scrap and was
the most profitable domestic steelmaker last year. ``That is the
message the president is sending, and we support it.''

                       8 Million Workers

     Officials from companies that consume steel in the U.S.
contend that such protection would cost the U.S. far more than the
steel industry would gain.
     About 8 million Americans are employed by steel-consuming
industries -- including auto and appliance makers, construction
companies and energy companies, according to the Consuming
Industries Trade Action Coalition, a group of steel consumers
including Caterpillar Inc., Procter & Gamble Co. and Enron Corp.
     Steel producers employ about 160,000 people, down from
800,000 20 years ago.
     An April study by the coalition examined the effect of steel
import quotas and tariffs and found that manufacturers using steel
would be forced to cut jobs because of higher costs. That would
result in an overall loss of between 19,000 and 32,000 jobs, while
protecting only about 3,700 steelworker jobs.
     Michael Fanning, a spokesman for Michelin North America, the
number two U.S. tire maker that also manufactures the B.F.
Goodrich and Uniroyal brands, said any move by the U.S. to add
tariffs or restrict imports ``will hurt the downstream users.''

                      No Domestic Suppliers

     ``We import a lot of high-quality steel from outside the
United States from companies in Germany, France, Japan, simply
because we can't get it in this country,'' Fanning said. ``We find
it disheartening that we would be penalized simply because we
can't get any domestic supplier.''
     The American Institute for International Steel, an
association of U.S. and foreign companies that support free trade,
said American steel companies themselves would be damaged by
import restrictions because they are among the largest importers
of foreign products.
     Domestic steelmakers imported almost a third of the 37.8
million tons of foreign steel brought into the U.S. last year, the
institute said. Most was in the form of ``slab'' -- raw steel --
or semi-finished products that were finished by U.S. companies.
     Bill Jens, owner of Ataco Steel Products Corp. of Cedarburg,
Wisconsin, whose 100-employee company annually sells $13 million
in lawn and garden implements, among other products, said Bush's
move is aimed at ``protecting companies that are really something
of a dinosaur.''
     ``They haven't been keeping up technologically with what's
been going on in the world, and all of a sudden we're going to be
forced to buy their steel at a higher price because they can't
keep up?'' he said. ``I don't think that's right.''

Pacific Hydro Bends With the Wind, Flows With Water (Update5)
2001-06-07 02:18 (New York)

Pacific Hydro Bends With the Wind, Flows With Water (Update5)

     (Closes stock price.)

     Melbourne, June 7 (Bloomberg) -- Pacific Hydro Ltd., the best-
performing stock in Australia's key index in the year to date,
hopes the westerly gales that buffet the southern coast will lift
its shares even higher.
     The Melbourne-based company plans to turn squalls into
electricity by building 114 windmills on the Victoria coastline.
It says the nation's biggest wind farm would provide enough power
for 200,000 households.
     After tumbling this week, Pacific Hydro shares rose 8.8
percent today, its biggest daily gain in almost six months. That
brings its increase in the past six months to 96 percent,
outpacing rivals on the S&P ASX 200 Index, and some investors say
it could keep rising.
     ``In a climate of higher energy prices, we like renewable
energy and this company is doing it very well,'' said Ian Huntley,
who holds Pacific Hydro shares among the A$44 million ($23
million) he manages at Huntley Investment Co. ``Looking at its
growth in revenue and earnings, it does very well whatever
business it's in.''
     Granted, Pacific Hydro isn't cheap. Even after this week's 15
percent slump, it trades at 72 times earnings -- almost twice the
average ratio on an index of local utility stocks. Earnings from
power stations in the Philippines, Australia and New Zealand may
not justify that high a valuation.
     ``They're probably the foremost experts in wind energy in
Australia -- management is very good,'' said Andrew King, whose
A$350 million of stocks at Investors Mutual Ltd. don't include
Pacific Hydro. Still, ``it's just a bit too high on valuation at
the moment,'' he said.

                         California

     Yet comparable companies elsewhere are even more expensive on
a price-earnings basis. Denmark's Vestas Wind Systems A/S, for
example, trades at almost 80 times earnings. Its shares more than
tripled last year.
     Managing Director Jeff Harding's ambition could see his
company build as many as 1,000 windmills, rivaling the largest
windmill owners like U.S.-based FPL Group Inc., Enron Corp., and
Iberdrola SA, Spain's second-largest utility.
     Besides its expansion plans, the company can also take
advantage of a new Australian law that raises the amount of
electricity the nation gets from renewable resources to 12 percent
from 10 percent. A wind farm takes only nine months to build
compared with a hydroelectric power station, which can take as
long as seven years.
     Commodity prices have cooperated in pushing up prices of so-
called green stocks like Pacific Hydro. The price of natural gas
more than quadrupled in the past year. Oil doubled since 1999. The
price of coal, used to produce 80 percent of Australia's
electricity, rose more than 50 percent in 12 months.
     In California, meantime, power shortages have crippled the
wealthiest U.S. state, boosting demand for alternative energy
sources like wind and water.
     ``People have seen what's happened to the energy sector in
the States,'' said Stuart Smith, an analyst at Merrill Lynch & Co.
``Even though (Pacific Hydro stock) has pulled back a lot, it's
still been a performer.''

                               Nepal

     Australians are hungry for energy. They are the fifth-biggest
consumers of electricity, lagging Norway and the U.S.
     Pacific Hydro's earnings may triple this year to A$18.5
million, helped by the start of its Bakun hydroelectric station on
the northwest Philippines island of Luzon, which almost doubled
the company's electricity generation.
     It plans to build another hydro station on the southern
Mindanao Island with joint venture partner Aboitiz Equity Ventures
Inc. Though a new Philippine law to allow more competition in the
electricity industry will drive down power prices, Pacific Hydro's
Harding said most of its output will be sold under long-term
contracts.
     Its next target country may offer even greater challenges. As
Nepal struggles to launch an inquiry into the massacre of its
royal family, Harding is awaiting the kingdom's decision on
whether to accept a bid to build two hydroelectric dams.
     ``Only one in 14 Nepalese has access to electricity, so there
is quite a demand for power within Nepal and northern India,''
Harding said. Because of rivers that run from the Himalayas, the
world's tallest mountain peaks, ``Nepal has the best hydro
resources in the world.''
     Pacific Hydro, which has risen 67 percent in the year to
date, rose 35 cents, or 8.8 percent, to A$4.32.

Metro
Council status quo for blacks Hispanic growth likely to affect white wards
Gary Washburn, Tribune staff reporter

06/07/2001
Chicago Tribune
North Sports Final ; N
1
(Copyright 2001 by the Chicago Tribune)

The Chicago City Council on Wednesday approved a blueprint for drawing new
ward boundaries that calls for maintaining the current level of
African-American representation in the council.
In practical terms, passage of the measure means that growth in the number of
Hispanic wards--something that is a foregone conclusion given new census
numbers that show explosive Latino population increases--is likely to come
out of the current total of white wards.
There now are 23 wards with majorities of white voters, 20 with
African-American majorities and seven Hispanic.
Because of a slight population decline among African-Americans and, more
importantly, a dispersion of population from historically black South Side
neighborhoods to other areas of the city, African- American aldermen feared
losing a seat.
But the ordinance passed Wednesday calls for a remap that "avoids
retrogression in the voting strength" of minorities protected by the federal
Voting Rights Act, a provision aimed directly at maintaining African-American
strength in the council.
"We are not going to get into a fight with Hispanics [and] we are not going
to give up any wards in this world or the world to come," declared Ald. Ed
Smith (28th), who represents a predominantly black ward on the West Side.
Despite the apparent victory for the council's black caucus, Ald. Dorothy
Tillman (3rd), one of its members, voted against the plan. She complained
that she is being denied an attorney to represent her as the remap process
begins to pick up steam.
Though the black caucus recently chose attorney Burton Odelson to represent
its interests, Tillman said she now has misgivings about the selection,
saying that Odelson is a conservative who has represented Republicans in the
past.
Ald. Richard Mell (33rd), chairman of the council's Rules Committee, rejected
Tillman's request to hire James Montgomery, a former city corporation
counsel.
Individual aldermen do not have the right to have representation funded by
the city, Mell asserted.
He suggested Tillman's concern has more to do with changes in her ward, which
has lost more than 17,000 residents and faces a potentially radical boundary
change, than with Odelson's politics.
Ald. Joe Moore (49th) and Ald. Michael Wojcik (30th) also voted against the
remap blueprint, objecting to a parliamentary maneuver used by the majority
to force consideration of the measure on Wednesday.
Wojcik's ward is one of those expected to be majority Hispanic in the new
map.
But the opponents were snowed under by a 44-3 vote.
Among other provisions, the blueprint also spells out the number of public
hearings to be held before a new map is drawn, mandates creation of an
Internet site where citizens can get information on the redistricting process
and requires a "redistricting impact statement" explaining how the new map
that will be drawn complies with the Voting Rights Act and state and federal
constitutions.
In other action, Mayor Richard Daley introduced a proposal calling for the
purchase of 60 percent of the electricity used in city buildings and other
municipal facilities from Houston-based Enron Corp.
Under a deal negotiated with the energy-provider, the city would reduce its
$50 million-a-year electric bill by about $3 million, officials said.
Commonwealth Edison Co., now the city's sole provider, would supply the
remainder of the city's electricity needs if the agreement is approved by the
City Council.
Officials in California have accused Enron and other energy providers of
limiting supplies to drive up prices there.
"We are more than well aware of the implications of California and the fact
that that Enron is involved in that market," said city Environment
Commissioner William Abolt. "We think that generally nobody is going to come
out of that with clean hands, from government to regulators to companies that
are supplying energy."
Enron has stood by its contracts with its customers to provide power at
agreed-upon rates, he said.
Under the proposed eight-year deal, the city's price would be locked in at a
guaranteed level initially and later would be tied to an independent
financial index.
Also on Wednesday, the City Council voted unanimously to prohibit racial
profiling by Chicago police and other law enforcement officers. Officials
believe Chicago is the first big city in the nation to approve such a measure.

PHOTO; Caption: PHOTO: Ald. Dorothy Tillman (3rd) says Wednesday she is being
denied a lawyer to represent her as the city redraws ward boundaries. Tribune
photo by Phil Greer.

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

Enron Plans to Challenge Power Regulator's Order, Paper Says
2001-06-06 23:24 (New York)

     Mumbai, June 7 (Bloomberg) -- The Indian unit of Enron Corp.
plans to challenge an order from the Maharashtra state power
regulator that prevents the company from seeking international
arbitration, the Business Standard said, without citing people.
     The regulator barred Dabhol Power Co., the Indian unit of
Enron, from seeking arbitration about its payment dispute with the
Maharashtra State Electricity Board until June 14, the paper said.
     Dabhol has decided to challenge the order in court on the
grounds that it is beyond the Maharashtra Electricity Regulatory
Commission's rights to bar the company from resorting to
arbitration, the paper said.
     Dabhol and the Maharashtra State Electricity Board, its only
customer, are in a dispute over power tariffs. The board stopped
buying power from Dabhol after the U.S. energy company took steps
to end a $3 billion power venture.

Commentary
Since when does rape equal justice?
Steve Chapman Steve Chapman is a member of the Tribune's editorial board

06/07/2001
Chicago Tribune
North Sports Final ; N
29
(Copyright 2001 by the Chicago Tribune)

The attorney general of California is very unhappy about the state's energy
crisis, and he has come up with the perfect solution. It involves a creative
type of punishment for Kenneth Lay, chairman of the Houston-based energy
company Enron. Though Lay has not been convicted of any crime, Bill Lockyer
says, "I would love to personally escort Lay to an 8-by-10 cell that he could
share with a tattooed dude who says, `Hi, my name is Spike, honey.' "
Let the record show that the chief law enforcement officer for the nation's
biggest state regards prison rape as a valuable feature of his correctional
system. Soft-hearted souls may lament the sexual victimization of jail and
prison inmates by violent sociopaths, but Lockyer's chief concern is that
there are some people who have yet to experience this form of justice.
It used to be that prison was feared because it meant a prolonged loss of
freedom, hard labor, separation from family and, sometimes, violence by
guards. But somewhere along the line, Americans got used to the idea that it
also involves sadistic sexual abuse with no one doing anything to stop it.
Why are we so nonchalant? We might be outraged that anti-social thugs are
getting away with horrific new crimes every day, under the very noses of law
enforcement. Instead, many people--Lockyer among them--have embraced the
proposition that the victims are getting only what they deserve.
One of the reasons this phenomenon gets little attention is that it's largely
invisible. Even critics can only make educated guesses about the scope of the
problem. But it's clearly large. A survey of seven men's prisons in four
states, published last year in Prison Journal, found that 21 percent of
inmates had been coerced or forced into sexual contact, with 7 percent
reporting they had been raped.
When Human Rights Watch did a confidential poll of prison guards in an
unnamed southern state, they estimated that one in five inmates were victims
of such abuse. Inmates said it was more like one in three.
Suppose we take a conservative estimate and say that one of every 10 inmates
suffers this misfortune. With more than 1.8 million men behind bars at any
given time, that means at least 180,000 inmates are forcibly violated every
year. And that's not counting what goes on in juvenile facilities. For
comparison's sake, in the entire United States, there were 124,730 reported
rapes of females in 1999.
How can sexual abuse possibly be regarded as an appropriate part of serving
time? Some of the victims are vicious thugs themselves. But many people in
prisons and jails were arrested for nonviolent offenses.
Many of us, if a close relative were found guilty of one of these crimes,
would think he should pay for his offense by losing his freedom for a long
while. But few of us would agree he deserves to be beaten, stabbed, sodomized
and infected with AIDS, which is what prison often means. If a judge were to
give a convict a sentence like that, it would be ruled cruel and unusual
punishment.
Lockyer might not have the stomach to actually watch one of the encounters
that he finds so amusing. One inmate interviewed by Human Rights Watch had
complained to guards after being raped. His assailant then beat him with a
combination lock--breaking his neck, jaw, collarbone and finger, dislocating
his shoulder, and giving him two serious concussions--before raping him
again. Afterward, the victim could read the word "Master," the brand of the
lock, on his forehead. Many inmates submit rather than risk being stomped to
a pulp.
Atrocities like this happen all the time, mainly because hardly anyone minds.
Authorities have no great incentive to take the problem seriously because
they generally can't be held liable for attacks. In overcrowded, understaffed
facilities, prevention may be impossible. Prosecutors, meanwhile, see no need
to seek punishment.
Treating prison rape like the crime it is would deter some attacks. Prisons
could also act swiftly to segregate the perpetrators from the rest of the
inmate population. The surest remedy is also the most expensive: Put all
prisoners in one-man cells, so they don't have to sleep with one eye open.
Or maybe we should just require all government officials with responsibility
for prisons and jails to spend a couple of nights a year in one of their own
facilities. Since you're already acquainted, Mr. Lockyer, you'll be rooming
with Spike.
----------
E-mail: schapman@tribune.com

GRAPHIC; Caption: GRAPHIC: Illustration by Dean Rohrer.

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

PPA in force, claims DPC
S Ravindran Mumbai

06/07/2001
Business Standard
3
Copyright (c) Business Standard

The Dabhol Power Company could continue billing the Maharashtra State
Eelctricity Board from its second phase, which was due to start operations on
June 7.
Sources close to DPC told Business Standard: "If MSEB had cooperated with
DPC, commercial production could have begun tomorrow. Under the PPA, they
would have been forced to buy this power."
"While MSEB contends that it has rescinded the PPA, DPC claims that it
continues to be in force. Under these circumstances, DPC will definitely
charge MSEB for the second phase power at some future date," sources added.
MSEB has stopped buying power from DPC. Meanwhile, lenders to DPC are yet to
arrive at a decision on the issue of the transfer notice being served to the
MSEB. "The lenders are yet to get back to DPC with their views on the
subject," sources said. This was one of the DPC executives' suggestions to
the lenders. The mothballing of the 1,444 mw second phase of the project was
also discussed. DPC executives also spelt out the differences between the
company and the Godbole panel to a consortium of Indian and foreign lenders.
"DPC representatives pointed out that there was a chasm between the Godbole
panel members and the company. The bone of contention is the plant load
factor (PLF) at which DPC will sell power to MSEB. DPC is keen on a PLF of 90
per cent which will bring down the tariff. The Godbole panel wants a much
lower offtake of power by MSEB," sources close to DPC told Business Standard
from Singapore.
The meeting was attended by Enron India managing director K Wade Cline, DPC
president and CEO Neil McGregor and representatives of Indian FIs and banks
like IDBI, ICICI, SBI. DPC executives will hold another round of talks with
the lenders tomorrow.

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

Calif Eyes Ending Access To Alternative Power Suppliers
By Jason Leopold
Of DOW JONES NEWSWIRES

06/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- California utility regulators appear ready to vote
next week on a proposal to suspend the ability of large electricity users to
sign contracts directly with energy suppliers.
The move is called for in the February bill that put the state in the power
business, but its approval by the California Public Utilities Commission
would damp plans in the Legislature to reduce the burden on Edison
International (EIX) unit Southern California Edison by making large
industrial customers responsible for securing their own power.
"We're still trying to figure that out," said an aide to Assembly Speaker Pro
Tem Fred Keeley, D-Boulder Creek. "We don't know how to get around that right
now."
Keeley is expected to introduce legislation to shift the burden of rescuing
Southern California Edison to large businesses. Under the proposal, which is
also supported by Assembly Speaker Robert Hertzberg, customers that use 500
kilowatt-hours of power a month or more would pay a surcharge on their bills
to help Southern California Edison recoup its losses on wholesale power.
The so-called direct-access component - under those large users would buy
their power from suppliers - is the cornerstone of the Keeley plan, for which
Enron has been lobbying hard in recent weeks, according to several aides to
key legislators.
The Keeley plan is an alternative to the memorandum of understanding Gov.
Gray Davis signed with Southern California Edison two months ago. Under that
proposal, the state would buy Southern California Edison's power lines for
$2.76 billion and allow the utility to issue $2 billion in bonds backed by
ratepayers to recover $3.5 billion in net uncollected power costs.
That plan has run into snags in the Legislature, which must enact it into
law, and the PUC, which has been slow to rule on enabling measures.
One key Democratic Senator said the PUC's move to quash direct access is an
attempt to ensure a deal to rescue Southern California Edison doesn't pass
through the Legislature.
"The PUC has demonstrated it does not want SoCal Ed to remain solvent," the
senator said. "They have dragged their feet on several key issues they need
to address in order to make sure legislation to save the utility is never
heard."
A PUC spokesman didn't return calls for comment.
Direct-access was the key part of the state's 1996 deregulation law, giving
retail customers the opportunity to choose from a variety of energy suppliers
in an effort to lower their electric rates.
Commissioners Richard Bilas and Henry Duque said they support direct access
and would vote against any measure to reverse it.
"I would never vote against direct access," said Bilas, a Republican, who
authored the agenda item. Bilas said the item was amended by another
commissioner.
The measure could be held, because it might disrupt negotiations between the
Legislature and Southern California Edison, said PUC Commissioner Geoffrey
Brown, a Democrat.
The PUC may be looking to protect the state's interest as a power purchaser,
some legislative aides said.
The DWR's long-term power supply contracts cover the state's wholesale-market
power needs in 2002 and 2003. If large industrial customers were to sign
direct-access contracts, the DWR would lose them as customers and thus fail
to collect enough revenue to pay off the long-term contracts.
The agency could be stuck with a large surplus of electricity that it would
be forced to sell it on the open market at a loss. The market price of power
in the coming years is expected to be lower than what the state paid for
forward power in 2001.
Wholesale power prices plunged this week, and the DWR for the first time sold
excess power on the open market, according to Oscar Hidalgo, DWR spokesman.
Arnold Rosenthal, of Newport Beach-based Utility Resource Management Group,
an organization that represents more than 700 large electricity users in the
state, said state regulators are "looking to get us back into a mode where we
are held captive once again."
"The DWR is acting as this super utility," Rosenthal said. "What you're left
with is absolutely no choice. Instead, we'll be subjected to several large
rate increases."
Rosenthal said some of his San Diego clients have direct access deals. A
number of clients served by Southern California Edison want to sign
direct-access contracts to escape recent rate increases imposed by the PUC.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

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


You are quite welcome!  Have a great weekend.

Shirley

 -----Original Message-----
From: 	McDermott, Martin
Sent:	Friday, June 01, 2001 9:06 AM
To:	Crenshaw, Shirley
Subject:	Call With Vince

thanks for organizing that for me, I await his call on Monday 3:30 London time

cheers

Martin

Martin McDermott
Enron Credit
Manager
Ph: 020 7783 7748
Fax: 020 7783 8483
Mob: 07881 518 170


Matt says this trade is definitely Q3-02. Let me know if Prebon still
disputes.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/11/2001 08:05 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 494014

Hi Kate,

For deal 494014 traded by Matt.  Prebon shows term as Q3'03 and we show
Q3'02.
Can you check with Matt.

Thanks!


IntercontinentalExchange
                                                                                Firm Physical Natural Gas Price Bulletin
                                                                                For Natural Gas Delivered on Thursday, October   25, 2001
                                                                                (Trade Date of Wednesday, October   24, 2001)
Click here to access index history.
                                                                                * volume represents sell-side only *

Region     Hub	High	Low	Wtd Avg Index	Change ($)	Vol (mmBtu)	Hub Name
 LOUISIANA
    ANR SE	          $2.6700	          $2.6000	          $2.6451	-    .1537	         206,300	American Natural Resources Pipeline Co. - SE  Transmission Pool
    Columbia Onshore	          $2.7600	          $2.5700	          $2.6712	-    .1221	         217,800	Columbia Gulf Transmission Co. - Onshore Pool
    Henry Hub	          $2.8000	          $2.6100	          $2.6750	-    .1390	       1,269,400	Henry Hub tailgate - Louisiana
    NGPL LA	          $2.6600	          $2.5850	          $2.6307	-    .1672	         220,600	Natural Gas Pipeline Co. of America, Louisiana Pool
    Tenn 500L	          $2.7000	          $2.5800	          $2.6312	-    .1588	         208,500	Tennessee Gas Pipeline Co.-Zone L, 500 Leg Pool
    Tenn 800L	          $2.6450	          $2.6100	          $2.6295	-    .1473	         181,900	Tennessee Gas Pipeline Co.-Zone L, 800 Leg Pool
    TETCO ELA	          $2.6800	          $2.6000	          $2.6316	-    .1381	         209,000	Texas Eastern - East LA
    TETCO WLA	          $2.6550	          $2.6200	          $2.6380	-    .1427	          25,000	Texas Eastern - West LA
    Transco 65	          $2.8000	          $2.6700	          $2.7126	-    .1492	         146,200	Transco - Station 65
    Trunkline ELA	          $2.7800	          $2.6200	          $2.6690	-    .1415	          61,500	Trunkline Gas Company - East Louisiana Pool
    TxGas SL	          $2.7800	          $2.6400	          $2.6932	-    .1285	          78,500	Texas Gas Transmission Corp.-Zone SL FT Pool
 MIDCONTINENT
    MichCon, citygate	          $2.9400	          $2.7700	          $2.8513	-    .1218	          77,100	Michigan Consolidated
    NGPL Midcont	          $2.6350	          $2.5600	          $2.6062	-    .1218	         168,200	Natural Gas Pipeline Co. of America, Mid-Continent Pool
    NGPL Nicor, citygate	          $2.8750	          $2.6800	          $2.7800	-    .1206	         562,200	Natural Gas Pipeline Co. of America, Nicor Citygate
    NGPL NIPSCO, citygate	          $2.8100	          $2.7300	          $2.7520	-    .1649	          22,000	Natural Gas Pipeline Co. of America, Nipsco Citygate
    NNG Demarcation	          $2.7850	          $2.7000	          $2.7465	-    .1283	         274,500	Northern Natural Gas, Demarcation Pool
 NORTHEAST
    Columbia TCO	          $2.9300	          $2.8000	          $2.8488	-    .1014	         921,000	Columbia Gas Co. - TCO Pool
    Dominion So.Point	          $2.9250	          $2.8300	          $2.8973	-    .0778	         165,000	Dominion - South Point
    TETCO M3	          $3.2000	          $2.8600	          $2.9158	-    .1570	         198,400	Texas Eastern - M3 Zone
    Transco Z-6 (NY)	          $3.3000	          $2.8600	          $2.9308	-    .1375	         160,100	Transcontinental Gas Pipe Line Corp. - Zone 6 (NY)
 WEST
    El Paso non-Bondad	          $2.5300	          $2.4700	          $2.4991	-    .1872	         162,000	El Paso - San Juan Basin, Blanco Pool
    Huntingdon/Sumas	          $2.5700	          $2.5300	          $2.5522	-    .2205	         133,000	Westcoast Energy & Northwest Pipeline Corp.
    Opal	          $2.4600	          $2.3300	          $2.3872	-    .1974	         115,000	Opal
    PG?Citygate	          $2.8800	          $2.7000	          $2.8207	-    .1706	         227,000	PG?- Citygate
    SoCal Border	          $2.7100	          $2.6600	          $2.6935	-    .1979	         156,000	Southern California Border Points (Ehrenberg,Topock,Needles)
 WEST TEXAS
    El Paso - Keystone	          $2.5500	          $2.5200	          $2.5326	-    .1986	         192,000	El Paso - Keystone Pool
    Waha	          $2.6000	          $2.5600	          $2.5787	-    .1791	         133,600	Waha Hub - West Texas

                                                                                Includes all firm physical fixed price trades done from 7 AM to 11:30 AM Central Prevailing Time on the trade date specified for natural gas delivered on the specified date(s).
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On Friday, November 3,  at 4:30, we will be migrating the ETS QuickPlace
server.   The maintenance is expected to last approximately 30 minutes

What does this mean to you?

Users who access the IdeaBank or any QuickPlace discussion sites, i.e.  ETS
Infrastructure, Program Office, ETS Standards will not be able to access them
until the server has been brought back up.

The IdeaBank will automatically be rerouted to the new server.  However, any
references to GTHOU-WW01P/QuickPlace  will need to be changed to
NAHOU-LNWW01/QuickPlace.

If you have any concerns about this maintenance, please contact the Customer
Assistance Center at 713-345-4745

Customer Assistance Center


Please include Jen Fraser on this distribution as well going forward.

Jeff

	From:  Cathy Phillips                           10/05/2000 09:58 AM

To: Mark Frevert/NA/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT, Pierre Aury/LON/ECT@ECT,
Sally Beck/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT, Jennifer
Fraser/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Chris Mahoney/LON/ECT@ECT,
George McClellan/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Thomas
Myers/HOU/ECT@ECT, John L Nowlan/HOU/ECT@ECT, Jere C Overdyke/HOU/ECT@ECT,
Beth Perlman/HOU/ECT@ECT, Brent A Price/HOU/ECT@ECT, Daniel Reck/HOU/ECT@ECT,
Cindy Skinner/HOU/ECT@ECT, Stuart Staley/LON/ECT@ECT, Mark
Tawney/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Lisa Yoho/HOU/EES@EES
cc: Nicki Daw/NA/Enron@Enron, Cathy Phillips/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, DeMonica Lipscomb/Corp/Enron@ENRON, Yvonne
Francois/Corp/Enron@Enron, Stella L Ely/HOU/ECT@ECT, Angie
Collins/HOU/ECT@ECT, Donna Baker/HOU/ECT@ECT, Helen Marie Taylor/HOU/ECT@ECT,
Chantelle Villanueva/HOU/ECT@ECT, Irma Alvarez/HOU/ECT@ECT, Betty J
Coneway/HOU/ECT@ECT, Darlene C Forsyth/HOU/ECT@ECT, Marsha
Schiller/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Cherylene R
Westbrook/HOU/ECT@ECT, Candace Parker/LON/ECT@ECT, Joya Davis/HOU/ECT@ECT,
Sharon Purswell/HOU/ECT@ECT, Gloria Solis/HOU/ECT@ECT
Subject: EGM Staff Meeting Reminder

Just a reminder that the EGM weekly staff meeting will take place on Monday,
October 9th, from 8:30 - 9:30 a.m., in video conference room EB 32C2.  The
staff meetings will continue on a weekly basis on every Monday at the same
time and location unless notified otherwise.

Please let me know if you will be unable to attend.  Thank you.

Cathy Phillips
X-36898


For questions or comments regarding this report please contact G. Britt Whitman at ex:5-4014 or Kristin Walsh at ex:3-9510.

EXECUTIVE SUMMARY:
?	CPUC Direct Access Vote

CPUC
LINK TO ? LIVE WEBCAST of CPUC MEETING 10:00 am -@:pm Sept. 20th <http://www.cpuc.ca.gov/static/announcements/010920_audioaccess.htm>

The sun may be setting on Californians' right to customer choice as the CPUC debates the fate of direct access today.  We estimate that at this time, the CPUC commissioners will NOT be taking up the DA issue and will instead delay the vote until after the legislature has convened the third special session, called by Gov. Davis last week.  Currently, both Commissioners Brown and Wood appear unwilling to support DA; with President Lynch being a swing vote.

Concerning the retroactive suspension of direct access agreements of customers who have already elected alternate service providers, the current CPUC position appears to be that direct access contracts signed by September 20th, 2001 will NOT be nullified.  There is rumor that the CPUC may be reviewing several of the contracts signed within the past three to nine months.  Many commercial consumers now operating under DA are highly pessimistic about the CPUC supporting DA agreements that have been signed within the past three months.  The business community is very conscience that the CPUC now bears the difficult task of weighing California businesses' political and economic interests against the economic interests of California's residential power consumers.

REPORTS TO FOLLOW:
SoCal Bankruptcy Developments
PG&E Emergence from Bankruptcy
Probability of Third Special Session for SoCal Bailout