Thursday, February 1, 2001 |

Bill to Rescue Utilities With Rate Hikes Stalls in Assembly

 Crisis: Plan that would have authorized state to issue $10 billion in bonds
to buy electricity is rejected by Republicans as a "bailout" after the
measure barely passes the Senate.

By JENIFER WARREN, MIGUEL BUSTILLO and CARL INGRAM, Times Staff Writers

 Assemblymen wait for late session on the rescue plan for the state's
utilities to resume. From left, Bill Leonard, Bill Campbell, David Kelley,
Robert Pacheco and Fred Keeley, the measure's author.CAROLYN COLE / Los
Angeles Times
     SACRAMENTO--Efforts to resolve the state's power crisis hit a serious
snag late Wednesday as the state Assembly appeared unable to pass a bill that
would have authorized up to $10 billion in bonds to purchase power and raised
electric rates for millions of residents.
     The bill, which required a two-thirds vote, fell just short, and
legislative leaders scrambled around midnight to see if they could convince
three Republicans to change their minds.
     The Senate had passed the bill earlier Wednesday, but after a debate
that was at times bitterly partisan, the Assembly vote came in at
51-27--short of the 54 votes needed for passage. Assembly Republican leader
Bill Campbell (R-Villa Park) was able to find only one member of his caucus
to join him in supporting the bill, which was approved by all but one of the
Assembly's 50 Democrats.
     "I am speaking for myself tonight, not as the leader of my caucus,
because I am not in alignment with my caucus," a dejected Campbell said. The
apparent failure of the measure left legislative leaders uncertain of their
next step as they try to stave off bankruptcy for the state's two largest
electric utilities and reassure financial markets that California will be
able to resolve its power crisis.
     Despite the stakes, however, the Assembly's Republican minority insisted
that the proposed cure was worse than the disease.
     "This is a bailout and a massive rate increase for the people of
California," said Assemblyman Tony Strickland (R-Moorpark), one of the
leading opponents of the measure.
     Gov. Gray Davis--who had repeatedly vowed to avoid using rate hikes to
resolve the energy mess--defended the bill as "essential" and said Wednesday
afternoon that he would sign it if it passed.
     The measure would "allow us to enter into long-term contracts for
electricity which will greatly reduce the cost of power in the future," Davis
said in a letter urging lawmakers to adopt the bill.
     In the absence of such contracts, the state is spending about $45
million a day to buy power to keep the lights on.
     "Like it or not, we are in the power business," Assembly Speaker Bob
Hertzberg (D-Sherman Oaks) said as his chamber began debating the bill late
Wednesday night.
 Sen. Dianne Feinstein (D-Calif.) greets Southern California Edison executive
Steve Frank at committee hearing on the energy crisis.AP
     The long-term contracts that officials hope will lower the state's power
costs are now under negotiation, with S. David Freeman, the head of Los
Angeles' Department of Water and Power, representing the state in talks with
power suppliers.
     The bonds envisioned by the failed bill would have been paid off by
electricity customers.
     To guarantee the bonds--thus making them attractive on the market--the
bill would have authorized the state Public Utilities Commission to raise
rates. Rates for residential customers, however, could go up only if they
exceed their "baseline," or minimum power allowance, by more than 30%.
     Southern California Edison calculates that about half of its 4.3 million
customers would have faced a rate increase under the plan unless they reduced
energy consumption. That provision was roundly attacked by some consumer
advocates, who called it a bailout of the utilities.
     Still pending are proposals to rescue utilities from the huge debts they
have accumulated in the last several months. Lawmakers are considering a
measure under which the state would issue additional bonds to help the
utilities pay off their debts and in return have the public receive a
stake--through a type of stock option--in the companies. The utilities have
balked at that idea and are pursuing litigation to force further rate hikes
to pay off the debts.
     Wednesday's debate was marked by rising criticism of Davis from
legislators, who have accused him of responding sluggishly to the deepening
energy crisis.
     Before Davis' letter, lawmakers had griped that they didn't know where
the governor stood on the bill: "I will not vote for it unless ownership is
declared by the governor," said Sen. Don Perata (D-Alameda). "Either he's for
it or he's not."
     Failure of the legislation came as California marked its 16th straight
day in a Stage 3 power emergency, with electricity reserves perilously low
and grid managers hunting frantically for supplies.
     During Senate debate, legislators characterized the vote as a painful
one that they hoped they would not later regret. But a majority agreed that
the alternative--doing nothing--would expose Californians to more blackouts
and force the state to keep buying power at exorbitant prices on the spot
market.
     "Is it a whopper? Is it absolutely wonderful? No," Senate leader John
Burton (D-San Francisco) said before his house approved the measure with the
minimum 27 yes votes required. "Will it help us go forward until we move on
some of these problems? Yes."
     Sen. Debra Bowen (D-Marina del Rey) called the bill "a measure that I
undoubtedly hate as much as anyone on this floor.
     "But it is far less odious than the alternative, which is to . . . allow
the state to continue--with no end in sight--spending $40 [million] to $45
million a day to buy electricity on the spot market."
     Republicans gave a harsher verdict. "This is a rate increase, make no
bones about it," said Strickland. "The consensus in our caucus is, no way."
     And Assemblywoman Charlene Zettel (R-Poway) said the debate on the bill
resembled what she had heard about the Legislature's action on energy
deregulation four years ago, before she was elected.
     "It seems to me that back then we made a lot of assumptions, and we were
wrong," Zettel said. "It seems to me we're making a lot of assumptions here."
     Also Wednesday:
     * Power officials said conservation efforts have succeeded in reducing
demand by about 1,000 megawatts during peak hours, enough to keep the lights
burning in 1 million homes and sufficient to avoid rolling blackouts for now,
said Stephanie McCorckle, a spokeswoman for the California Independent System
Operator, which manages the state power grid.
     * Southern California Edison reiterated that it will not make
electricity and debt payments that are due this week. An independent audit
released Monday pegged the amount due at nearly $800 million. The company
will not make the payments because it is trying to hold on to its meager
store of cash, Senior Vice President Tom Higgins said. Pacific Gas & Electric
has said it will default on about $1 billion in electricity and debt payments
this week.
     Clarence Brown, a spokesman for Edison, denounced as "outrageous" the
claims by consumer activists that the utility and its parent company, Edison
International, have profited from California's ill-starred deregulation plan.
     * An air quality hearing board told Glendale officials it would schedule
a public hearing on the city's request to exceed current pollution limits at
its municipal power plant. Approval would allow the municipal utility to
generate additional power.
     Separately, air quality regulators approved a request by Pasadena to
operate power turbines for as long as 1,300 hours a year, as long as they
have or purchase pollution credits. Without the waiver, the city could run
the turbines for no more than 200 hours annually.
     The bill passed by the Senate on Wednesday, AB 1X by Assemblyman Fred
Keeley (D-Boulder Creek), was the first substantial action taken by the
Legislature to resolve the crisis that has catapulted California's energy
woes onto the national agenda and spread fears of recession.
     The measure's most controversial provision is the approval of rate
increases, which has sparked both ideological and sectional disputes. Sen.
Jim Battin (R-La Quinta), for example, argued that his desert constituents
would bear "a disproportionate burden" of the increase because high
temperatures force them to routinely exceed their baseline power
allowance--although their allowance is larger than that given residents in
cooler areas.
     "It's not fair and it's not right," argued Battin, who, like all but
three Republican colleagues, voted against the bill or abstained.
     Others complained that the baseline system treats single-person
households and those with five people the same way, meaning that larger
families are more likely to exceed the minimum and, thus, face rate hikes.
     But supporters called the bill a compromise that would at least provide
some protection for residential consumers. And they noted that low-income
residents would continue to enjoy a 15% discount on their monthly bills. In
Southern California, 500,000 of Edison's customers enjoy such a discount.
     "Under the circumstances, it's a decent bill," said Mike Florio, a
senior attorney at the Utility Reform Network. "It's what had to be done.
It's Step 1 in a long, long process."
     One indication of how long that process will be is that the bonds
contemplated by the measure wouldnot even be floated for months. In the
meantime, the state would have to continue to pay for power out of its
general fund at an undetermined cost. The measure would have appropriated
$496 million for that purpose, but further allocations might have been
needed, depending on the cost of power.
     The legislative debates on the bill were marked by sharp criticism of
Davis.
     "No more talking about leadership," said Campbell, the Assembly
Republican leader. "Put up or shut up. . . . Time is running out."
     On the Democratic side, Perata began circulating a "manifesto" demanding
that Davis take swift actions, including establishment of a state power
authority that would take ownership of power plants "in or out of the state."
     The proposal, which Perata plans to introduce today, is a nonbinding
resolution that would express the sentiments of the Senate. Calling the
energy crisis a "condition of extreme peril to the safety" of Californians,
it asks Davis to prepare a plan to protect residential and small business
consumers against "unjust and unreasonable" rates and immediately convene a
meeting of utility creditors to review bankruptcy options facing Edison and
PG&E.
     The governor's office had no immediate comment on the criticism of his
performance. Today, however, Davis plans to unveil a publicity campaign to
encourage consumers to conserve energy. Using radio and television ads
centered on the theme "flex your power," the campaign will urge residents to
shift their energy use to periods of the day when demand is low.
     For their part, GOP lawmakers from the Senate and the Assembly unveiled
a package of 15 proposals aimed at bolstering California energy supplies.
     Sen. Tom McClintock, the Thousand Oaks Republican who has been working
on supply-related issues for his party, accused the state of actively
discouraging the building of new generators over the last 25 years, resulting
in today's crisis.
     "You either begin a crash program of energy development in this state to
address the supply side or you do what Gray Davis did, which is basically to
say if you bring a generator into the state of California we'll seize your
assets and throw you all in jail," McClintock said. "We think that is the
wrong approach."
     As the Senate prepared to approve the long-term buying bill, a protest
outside the governor's office led to the arrest of two demonstrators accused
of obstructing the doorway. More than a dozen consumer activists yelled
"shame, shame, shame" and waved dollar bills as they protested what they
called a taxpayer-financed bailout of utilities.
     "These are multibillion-dollar companies that have the ability to bail
themselves out without our help," said Medea Benjamin, a former Green Party
U.S. Senate candidate and one of the protesters arrested.
---
     Times staff writers Andrew Blankstein, Mitchell Landsberg and Nancy
Rivera Brooks in Los Angeles and Miguel Bustillo, Julie Tamaki, Rone Tempest
and Nancy Vogel in Sacramento contributed to this story.


Good Morning.

WTC voicemail is down.  The link between WTC and Qwest is not working.   PGE has reported the problem at 5:50am and we are waiting to hear what's happening.

Quick reminder on what can occur when voicemail goes down and what your might experience when the link comes back up:

1) The message waiting light won't go off after you retrieve your messages. If this occurs just have the person lift the handset, hear dial tone and dial,  113. This will clear the message waiting light.

2) The message waiting light is not on and you could have a message.    Have employees check their mailbox just in case they are expecting critical messages.  The next voicemail will activate the message waiting light.

Please let me know if you have questions or concerns.


Message sent from the pjm-customer-info mailing list at
pjm-customer-info@majordomo.pjm.com:

To meet customer requests, PJM has published the PJM Contingency list on the
web
site at www.pjm.com. The file can be found under PJM Markets, Market and
System
Data, under LMP Model Information. The list contains the approximately 1000
contingencies existing in the PJM Energy Management System. The contingencies
are the possible occurrences against which PJM system operators must protect
the
transmission system.

Please DO NOT REPLY to this message. If you have a question for PJM Customer
Relations and Training, please send an e-mail to custsvc@pjm.com.

To unsubscribe from this list, send an e-mail to majordomo@majordomo.pjm.com
containing only the following line in the body of the e-mail:

unsubscribe pjm-customer-info


thanks for showing up to the party on sunday.  your new name backout
ballases!


Attached is the CAISO proposal to FERC seeking approval of its Grid
Management Charge (GMC).  This charge recovers the CAISO's costs of
operation.  The CAISO proposes to unbundle the GMC into three cost
"buckets," one of which would recover the CAISO's costs associated with Grid
Operations (vs. market functions).  The Grid Operation costs total
approximately $71 million or 45 percent of total CAISO costs, and would be
applied to all load including QF/cogeneration load "behind the meter."  If
the charge is not/cannot be applied directly to QFs, then it is likely to be
passed through to the utilities which will then attempt to recapture the
costs from QF/cogenerators.

Recently, IEP distributed an email asking the membership whether anyone was
sufficiently concerned regarding this policy and/or the cost impacts to fund
IEP's intervention in this matter.  We noted that we had been involved over
the past year attempting to negotiate a compromise with the CAISO, but to no
success.  Now, the issue is squarely at FERC.  To date, IEP has not received
a response to that email.

At this juncture, IEP is not planning on filing a response to the CAISO's
GMC filing, other than perhaps a pro forma intervention (1-2 pages) so as to
remain a party to the proceeding.  An intervention such as this would not
entail arguements as to why the CAISO's proposal is wrong and
counterproductive.  If any IEP member is interested in funding a more
active, aggressive intervention opposing the CAIOS filing, please let me
know ASAP but not later than Mondag, November 20.  Interventions are due
November 22.  "Paper Participation" in this proceeding, excluding any
negotiations for settlement/appearances at FERC, etc, could approach $20,000
in costs.

----- Original Message -----
From: Gregory Maxim <GM@eslawfirm.com>
To: Jan Smutny-Jones (E-mail) <smutny@iepa.com>; Steven Kelly (E-mail)
<steven@iepa.com>; Katie Kaplan (E-mail) <kaplan@iepa.com>
Cc: Douglas Kerner <DKK@eslawfirm.com>; Andy Brown <ABB@eslawfirm.com>; Eric
Janssen <EricJ@eslawfirm.com>
Sent: Thursday, November 16, 2000 12:52 PM
Subject: CAISO's Grid Management Charge FERC filing

> Please find enclosed our memo summarizing CAISO's Nov. 1 filing with FERC
> requesting approval of an unbundled Grid Management Charge.  IEP's
> membership will be interested in this filing because CAISO proposes to
> assess portions of the GMC to QFs with "behind-the-meter" load (i.e.
on-site
> or over-the-fence load).  Please let us know how we should proceed in this
> matter, as interventions and protests are due on Nov. 22, 2000.
>
>  <<001116_IEP_ISO Grid Man Charge.doc>>
>
>
> Gregory Maxim
> Ellison, Schneider & Harris L.L.P.
> 2015 H Street
> Sacramento, CA 95814
> (916) 447-2166
> gm@eslawfirm.com
>
> CONFIDENTIALITY NOTICE:  This communication and any accompanying
document(s)
> are confidential and privileged.  They are intended for the sole use of
the
> addressee.  If you receive this transmission in error, you are advised
that
> any disclosure, copying, distribution, or the taking of any action in
> reliance upon the communication is strictly prohibited.  Moreover, any
such
> inadvertent disclosure shall not compromise or waive the attorney-client
> privilege as to this communication or otherwise.  If you have received
this
> communication in error, please contact the sender at the internet address
> indicated or by telephone at (916)447-2166. Thank you.
>
>
>

 - 001116_IEP_ISO Grid Man Charge.doc


Kim,

Here's what I wrote for Dave Plumb tell me what you think, maybe we should
tell him to figure it out himself.

Call me,

Dave


Guys, we need to figure this out in the next couple weeks.  John do you want
to take a stab based on manager, director and VP rankings?
Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 07/12/2000
12:24 AM ---------------------------

David Oxley
06/14/2000 10:30 AM
To: Mary Joyce/HR/Corp/Enron@ENRON
cc: Sheila Knudsen/Corp/Enron@ENRON, Cindy Olson/Corp/Enron@ENRON, Cindy
Skinner/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron
Subject: Strictly Confidential

ENA Mid-Year 2000 Senior Management and High Value Contributors Equity Awards

Mary,

As discussed yesterday, I have had further discussions with Dave and John on
this subject and we would like to proceed as follows;

- Wait for mid-year PRC discussions to conclude July 7
- Make recommendations for option grants to key first 6 month contributors
and new management players following week
- Strike equity and communicate to recipients Aug 1

The rationale for this would be as follows:

- ENA has had a stellar first 6 months and will probably over exceed plan by
$150mm
- 5 or 6 individuals have been instrumental in creating exceptional value and
we would like to recognise their performance now.
- A number of people have over the last 6 months been asked to step up and
take more senior roles following the moves to EBS and ENW. We would like to
recognise these people now (subject to top 2 PRC performance) by granting
them some options.
- As a consequence of some people's increased responsibilities and in looking
at their unvested equity value, a number of people appear low in relation to
the market.

I would anticipate that the individual awards would be of 7 year options with
standard vesting and would mainly be of individual 5-10,000 options awards
(or $145-$290k). These might total in the region of 150-250,000 options.

While most of the probable recipients will be commercial officers, I would
expect a number of senior support and some Commercial Directors also to be
recommended.

Obviously I understand that we will need to put individual cases together for
each recipient for board submission but I would appreciate your help and
guidance as we proceed. In particular please alert me asap if you think this
will be a problem.

Thanks

David


FYI.  Any comments please let me know.

 -----Original Message-----
From: 	Meredith, Kevin
Sent:	Tuesday, October 23, 2001 2:45 PM
To:	Gualy, Jaime
Cc:	Walker, Chris
Subject:	Daily Power options

Jaime,

Attached is the long descriptions for the put and call daily power options.  Also on this document is the unit of measure and exercise information.  The only thing we lack is the location description and the reference period, both of which will be inserted into the long description when the product is created.  Let me know what you think.

Kevin Meredith

EnronOnline
(713) 853-9555


-----Original Message-----
From:  Lundstrom, Bruce
Sent: Monday, June 18, 2001 1:06 PM
To: Derrick Jr., James; Walls Jr., Rob; Haedicke, Mark E.
Cc: Rogers, Rex
Subject: Dabhol -- A Brief Legal Update

Gentlemen -

A few updates:

The power station and LNG contractors terminated their respective
construction contracts over the weekend.

Rebecca McDonald and Ken Lay met with the India Minister of Finance on
Saturday in New York.  The Minister reiterated India's position that they
would not buy any power from Dabhol.

We had a conference call with management of GE and Bechtel last week.  There
is little evident disagreement amongst the sponsors on key issues.  Bechtel
even complimented Rebecca on her team and handling of the matter.  Walter
Stuart from V&E came over to listen in on the phone call on behalf of Enron.
Given the increasing cooperation of the sponsors and written statements of GE
and Bechtel approving Enron's handling of ongoing issues, we have kept V&E's
involvement fairly "low key" to date.

Bruce


Go ahead make fun!  But when I kick your ass in the NYC Marathon then who
will be making fun.  Spealing of Houston Enron Field opens up tomorrow
against the Yankees for a little pre-season game.  It is an incredible
ballpark.  When will you be back in the area?  See ya
Ben


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/16/2000
09:47 AM ---------------------------

Ravi Thuraisingham@ENRON COMMUNICATIONS on 03/14/2000 12:07:56 PM
To: Jim Irvine/Enron Communications@Enron Communications, Shawna Meyer/Enron
Communications@Enron Communications, Omar Zaidi/Contractor/Enron
Communications@Enron Communications, Vince Kaminski, John_Griebling@palm.net,
Dorn@palm.net, Samer Takriti, Chonawee Supatgiat/Corp/Enron@Enron, Stinson
Gibner/HOU/ECT@ECT, Melissa Jones/Enron Communications@Enron Communications,
Erik Simpson/Enron Communications@Enron Communications, Jean Mrha/Enron
Communications@Enron Communications, Tom Huntington/Enron
Communications@Enron Communications, Shalesh Ganjoo/HOU/ECT@ECT, Dayne
Relihan/Enron Communications@Enron Communications, brett.leida@sycamorenet.com
cc:
Subject: Ravi Thuraisingham's SkyTel two way pager number

Here is the pager number that has been setup via Jim Irvine.

email:    8776804806@skytel.com
Direct dial:
800 dial: 1-800-759-8352 box# 877-680-4806

I can be reached at this pager if you need to get me ASAP.

Ravi.


?
 - tech.gif
 - 3-21-00 8'57'27 PM.JPG
 - 3-21-00 8'53'26 PM.JPG
 - 3-21-00 8'55'03 PM.EXE


Tanya and Tana:
We have reached agreement with J Aron on everything.  I hope to receive
execution docs soon.
Carol


Please give the following people access to this Database
Kay Mann
Carol St Clair

Thanks.
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 05/07/2001
01:57 PM ---------------------------
From: Genia FitzGerald on 05/07/2001 01:43 PM
To: Rhonda L Denton/HOU/ECT@ECT
cc: Carol St Clair/HOU/ECT@ECT
Subject: CP&L EEI Master

Rhonda,

Please advise on the database access.

Thanks,
Genia
----- Forwarded by Genia FitzGerald/HOU/ECT on 05/07/2001 01:42 PM -----

	Carol St Clair
	05/07/2001 01:09 PM

		 To: Genia FitzGerald/HOU/ECT@ECT
		 cc:
		 Subject: CP&L EEI Master

Genia:
Could you please send me the latest draft of the above Master as it is not
clear from the file whether a new draft responding to their 1/31 comments was
ever sent?  Also, has Rhonda set me up for access to the database?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


Well, they say you'll never live if you never take a chance -

Just thought I'd drop you a note and see if you reciprocate?

Denise

Click the following link to view the sender's profile:
http://www.match.com/doubleblind/showprofile.asp?UserID=444947474A4C4A&trackingid=0

The following is my profile text:

OK - let's cover the basics in the right order: Am I physically attractive and sensual? Oh, yes. Is it all of who I am? Oh, no! I am an intelligent, authentic, generous, honest woman who's ready to start meeting new people again.... I like all the regular stuff (movies, theatre, travel, etc) and LOVE music, wine and great friends. I value sincerity, dependability, enlightened minds, and those interested in learning something new everyday, including new insights about themselves. I am fun, witty, and willing to try anything once. "You shine brightly" in the recent words of a friend. I try very hard to stay grounded in the present, as opposed to dwelling on the past or worrying needlessly about the future. I believe that's "life's too short" and "everything happens for a reason." On one hand, I've recently begun amassing a small body of knowledge about wine, but on the other hand, I can enjoy playing some flag football or just grabbing some take-out and renting a video. I have my kids 50% of the time and when I do, they are my priority. My schedule is flexible, however, and when I'm free, I like to stay busy, being with friends, meeting new people and trying new things. Honestly, I think you'll find me to be a pleasant breath of fresh air in a world of mediocrity and uncertainty. (I dare you!.....lol)

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

ADDITIONAL TIPS from Match.com:

Our anonymous re-mailer will strip away your real email address, so
that it will NOT appear in the 'From:' line.

You may also contact this person from their Match.com profile by
clicking 'Contact this person' and composing your message directly from the
site.

However:

* Check to ensure that your email address is not in the BODY of your
message as we are unable to remove these.

* Check to ensure that you REMOVE ANY AUTOMATIC SIGNATURE at the end of

your email. And note that you cannot use 'Cc:' or 'Bcc:' if you want
your email to remain anonymous.

Match.com does not monitor private email between members, nor are we
liable for the content of these messages. All members are bound by our
Match.com Service Agreement.


Mike and I will not be available.  Can we move it to the end of next week,
say thursday.  Jeff

Tiko Reynolds
12/20/2000 09:06 AM
To: Bill Donovan/EPSC/HOU/ECT@ECT, lfastow@pop.pdq.net,
mike.mcconnell@enron.com, jshankm@enron.com
cc:
Subject: Art Committee Meeting-Thursday, December 21, 2000

The Art Committee Meeting will be held in conference room EB49C4 on Thursday,
December 21, 2000 from 12:30 PM - 3:30 PM.  Lunch will be served.

Thank You,
Tiko Reynolds-Hausman


I assume we should work with Paul Devries on transition.
Ray

 -----Original Message-----
From: 	Lavorato, John
Sent:	Friday, March 30, 2001 2:42 PM
To:	Bowen Jr., Raymond; McMahon, Jeffrey; Whalley, Greg
Cc:	Kitchen, Louise; Devries, Glen; Colwell, Wes
Subject:

Who sais choice markets don't work.

Yours at 11 Million (Papier Massion).

Lavo


_______________________________________________________________

This message and any attachments are intended for the individual or entity
named above.  If you are not the intended recipient, please do not read,
copy, use or disclose this communication to others; also please notify the
sender by replying to this message, and then delete it from your system.
Thank you.
_______________________________________________________________

The following discusses the regulatory issues raised at our June 14 meeting
with Peoples.                                           1. Expanded
termination right for unacceptable "Regulatory Approval".  As discussed
prior to the meeting, language of Sects. 1.1, 1.11, 10.2 and 15.1(f) was
changed to provide a termination right in the event that an unacceptable
regulatory order is issued after initial approval of the Agency Agreement,
but during its term. Peoples explained at the meeting their view that a
termination right should exist in the event of an adverse rate order (e.g.,
Illinois Commission order imputing what Peoples believes to be an
unreasonably high level of Hub revenue and, therefore, unaccpetably
lowering retail gas rates) or FERC determination that, based on Hub
operations, Peoples is in jeopardy of losing its status as a Hinshaw
pipeline. These were examples of the types of orders Peoples has in mind.
As proposed in our draft, either party would have a termination right in
the event that the Agency Agreement is not initially approved by the ICC on
acceptable terms. Under our approach, however, the parties would have to
live with ;later adverse regulatory orders unless an order had the effect
of revoking the Hub's operating authority. My view is that we could
reasonably agree to a termination right (similar to Sect. 11.1 (vi) and
(vii) of the LLC Agreement) which grants a termination right, "in the event
that a Jugment determines that, as a result of Hub Transactions, Peoples is
subject to comprehensive rate regulation as a natural gas company or public
utility by the FERC; or loses its status as an exempt Hinshaw pipeline
under Section 1(c) of the Natural Gas Act." I would suggest that we
otherwise stay with our original language re regulatory approvals. Once
Peoples obtains an order from the ICC which both parties accept, Peoples
should be willing to assume the risk (which,in my opinion is minimal) that
an adverse rate decision would cause it to wish to terminate the Agency
Agreement. (David suggested at the meeting that, as another option, we
could agree to a termination right due to an adverse regulatory order if
Peoples chooses to discontinue all Hub Transactions, but I am not sure that
we need to offer this at this stage.) The word "required" should be
restored to Definitions 1.1 and 1.11.              2. Extended Hub
Services. Peoples agreed at the meeting that there should be compensation
after termination of the Agreement for an extended Hub Service presented
during the Agreement's term. To make this clear,the words "during the term
of this Agreement" should be deleted from Sect. 7.1(ii). The deleted
wording of 7.2 should be restored, and to that Section we could add a
sentence: "The right to compensation established under Section 7.2 (ii) for
an Extended Hub Service shall survive the termination of this Agreement."
Also, in Section 15.4, I believe the reference to Sect. 3.3 should be to
7.2.                     3. "Hub Services"-Sect. 1.17. Based on discussion
at the meeting, I understand that there is a need to address the "two
county rule" in the Agreement.  In connection with this, there was
discussion of the need to change the description of the Hub Services to
make clear that the services are incidental to the primary uses of the Hub
Facilities. As I understand it, the description of the services both for
the Agreement and the GTC may be changed to replace the existing references
to transportation services a reference to "wheeling" serivces. This should
be addressed when the revised terms of the GTC are available. I believe the
business people also are discussing a procedure for approval of
transactions to ensure compliance with the two county rule, and are
preparing a list of types of transactions which will be pre=approved.
4.
Adjustment of Administrative fee for refunds. Our position, as discussed at
the meeting, is that Sect. 7.3 which provides for retroactive adjustment of
the administrative fee in the event of a refund should be deleted. In
support, we point out that MEH relies on a specific fee value in seeking
out transactions and the fee shouldn't change after-the-fact as the result
of a refund. Peoples argues that a revenue-based fee should be adjusted if
there is a change in the realized level of revenue. This was left as an
open point. Peoples acknowledged at the meeting that the proposed fee
adjustment would occur only due to a rate refund. This means that the
administrative fee could be adjusted retroactively only if a transaction
occurs under a newly proposed rate which is part of the Operating
Statement, but subject to refund at a level higher than the previously
approved rate but lower than the maximum price under the new rate. The only
portion of the fee which is at risk is the portion produced by use of a
rate above the previously approved level. If, for example, a 10% increase
is proposed and made effective subject to refund. A risk arises only if the
negotiated price is at 90% of the maximum or above. If it is, the refund
risk to MEH is its percentage of the revenue produced by the rate above the
90%above. If the rate is 95% of the maximum, the amount at risk is 5% of
MEH's 20% portion of the revenue, or 1% of the fee. A refund at this level
would occur in the example only if FERC approves no rate increase and
requires a refund of all subject to refund revenue. If FERC approves all or
part of the increase, the refund risk is reduced. Therefore, the decision
should not greatly effect the economics of the deal. If we decide to allow
some adjustment of the fee for refunds, the language should make clear that
we are including only "refunds related to a finding by FERC that a rate in
effect subject to refund is excessive and should be reduced."

5. Also with respect to refunds (required for any cause), Peoples agreed at
the meeting to provide the necessary funds. We could adjust the language of
Sect. 3.3 to read: "Peoples will pay to MEH all funds necessary to effect
such refunds on or before the earlier of : (i) the date prescribed by a Law
or Judgment for payment of such refunds; or (ii) ten (10) business days
after receiving written notice of the need for such payment." (Note:
Because refunds are required by FERC Order, Peoples would always know when
the refund has to be paid.)
6. Admin. Fee. After the business discussion of intended coverage
of the monthly fixed fee, we should reconsider the deleted language in 18.3
regarding reimbursement of costs incurred by MEH on Peoples' behalf.
7. Nomination and
Scheduling on Pipelines. Sect. 2.5. Peoples proposes to delete the language
we added which requires Peoples to make any necessary nominating or
scheduling changes on interstate pipelines for receipt and delivery of gas
at its city gate for its own account in order to effectuate Hub
transactions. The language went on to also require Peoples to arrange for
delivery of gas at a secondary delivery point by Displacement Delivery. At
the meeting, Peoples took the position that it is already required to
handle nominations and scheduling on pipelines by terms of the GTC. Peoples
also indicated that, due to the nature of the Hub Facilities and
transactions, the Delivery Points must be on Peoples' system and that
Displacement Delivery to a point which Peoples can access under one of its
pipeline agreements is not feasible for a Hub Serivce. (Note: In the
Northern Illinois Gas Hub Agreement, the utility agreed to the provision we
proposed.) With regard to the second part of our proposed sentence re
delivery by displacement at a secondary point off-system, I agree that the
GTC seems to contemplate delivery on Peoples system for the various types
of transactions covered. Perhaps we can delete section "(b)" of our
proposed sentence. I would like to know whether the business people have
comments on this. With regard to the part (a) (the requirement that Peoples
make nominanting and scheduling changes needed to effectuate Hub
transactions), however, I do not find any language in the GTC which makes
clear that this is Peoples' responsibility. Also, at our preliminary
meeting, Laura indicated that this was an important provision to restore.
(I believe Laura mentioned only part a, but need to check this.)
Therefore, I believe we should propose, at least, to restore the sentence
through part a, subject to verification with Laura and Gregg.
8. Grounds to Refuse Trransaction. Also, in 2.5, Peoples
included as one of the grounds to refuse a Hub Service presented by MEH, a
conclusion by Peoples that "Hub Capacity is deemed unavailable by Peoples
due to the service requirements of Peoples' utility customers." We pointed
out at the meeting that the GTC (Sect. 8) specifies all circumstances when
a Hub Serivce can be refused and that this provision is not one of the
specified situations. Once a firm transaction is established under the GTC,
it has equal scheduling priority with other firm interstate and intrastate
firm transactions. Peopels agreed that this item (Item 3) can be deleted. I
believe Peoples wishes to revise (1) to read: " permitted by the terms of
the GT&C, or required by any Law and Judment:.               9. Sect. 3.5.
Peoples proposes to delete our proposed Section 3.5 which requires Peoples
to use its best efforts to minimize imbalances experienced by Hub Shippers
through use of management services offered under pipeline tariffs. Such
services should be offered soon under Order 637 compliance filings. This
provision was inserted as part of a paragraph in Peoples' initial draft
which would have required MEH to compensate Peoples for imbalances
experienced on pieplines as a result of Hub Transactions. Peoples had taken
this provision from the NIGAS Hub agreement. In response, we had included
the wording of 3.5 to, at least, require best efforts to minimize
imbalances on the pipelines. Peoples now proposes to delete all of this on
the ground that imbalances on the pipelines are the responsibility of the
Hub Shippers, and not of Peoples or MEH. The GTC has provisions covering
the responsibility of shippers to address imbalances on the Hub Facilities,
and Peoples points to the Parking and Loaning  Service for Shippers to
address imbalances. In reviewin g this, I believe Peoples is right. Because
the language requiring MEH to address imbalnaces on the pieplines has been
deleted, I think we can delete the language of 3.5 requiring Peoples to use
best efforts to minimize those imbalances.
10. Sect. 2.2 Responsibility
for regulatory compliance. Peoples proposed changes to the language we
inserted in 2.2 in the second sentence from the end which indicated that
Peoples is responsible for compliance with the GTC. Peoples proposed that
each party be responsible. At the meeting, we explained that this language
was included to recognize FERC precedent requiring that, in circumstances
such as this, the agreement must identify the party responsible for
regulatory complaince and that party must be the certificate holder.
Peoples agreed at the meeting that our original language for this sentence
should be restored.      11. The Agreement (6.1) presently provides that
Peoples, in its sole discretion, may propose changes in the GTC. David
indicated at the meeting that, at a minimum, MEH should be advised of
changes in advance and provided with an opportunity for comments before
such changes are proposed. Peoples agreed to include such a provision.
Also, Peoples agreed that Section 5.1 should include a representation that
Peoples has provided MEH with a current copy of the presently effective
GT&C.
12.  Section 1.13. GTC.  Peoples agreed at the meeting that
the definition of GT&C  should be changed to end after the words "from time
to time". (This eliminates the refernce to  modification in Peoples' sole
discretion.)                                                           13.
Section 1.22 and 1.26. Peoples agreed that the definitions should refer
only to MEH and Peoples (and not to "controlled" persons)              14.
Section 1.15. Peoples agreed that the definition of Hub Capacity could be
changed to eliminate the reference to determination by Peoples in its sole
discretion. The determination should be "in accordance with the GT&C."
Peoples suggested that a standard of "good faith"  or "commercially
reasonable" would be acceptable.
15. Section 5.1. Peoples
agreed at the meeting that Section 5.1 could be revised to eliminate the
refernce to Laws and Judgments with a materially adverse effect. Peoples
agrees that there should be a representation that the Agreement does n ot
violate "any Judgment or Law applicable to it",as originally proposed.

16. Section 2.9. The discussion at the meeting indicated
that Peoples may accept use of a standard of "commercially reasonable" with
regard to its judgment under 2.9(i) and MEH's obligation to perform in
accordance with the Operating Statement, Laws and Judgments in 2.9(ii). I
was surprised that Peoples suggested this re 2.9. As I understand it, the
concern is that MEH should not be liable for contract damages in the event
that it acts in a commercially reasonable manner, but cannot, for some
reason, comply with the GTC or a Law or Judgment. I wonder if we can
accomplish this result with language in a later section of the Agreement
regarding liability. My concern is that a provision indicating that MEH's
responsibility for compliance with regualtory requirements, Laws and
Judgments is limited to best efforts or items it knows about may raise a
red flag for the regulators. I would like to discuss whether there is
another way to deal with potential liability without changing 2.9(ii) to
refer to "best" or "commercially reasonable" efforts. Let's discuss
tomorrow.                                17. Section 10.1. Filing for
Governmental Approval. At the meeting, Peoples indicated that, although it
believes it should have sole control over regulatory filings, Peoples will
agree to include a provision indicating that:"Prior to the filing of
applications, pleadings or testimony related to approval for operation of
the Hub, Peoples will provide copies of such materials to MEH, and consider
comments provided by MEH." We should discuss with the business peoples
whether this is sufficient, and how specific this provision should be. The
language here would be comparable to that inserted in 6.1 regarding the
right to review and comment on changes to the GTC.
18. Dissolution of
MEH. Peoples agreed that a portion of our proposed 15.1(f), up to the word
"terminated" on line 2 should be restored. Peoples only concern in
proposing deletion was that the LLC Agreement might be requested by the ICC
Staff due to the reference. As revised, the reference is removed.
19. Confidentiality. Peoples agreed to re-think the provisions of 17.1 re
confidentiality of the compensation provions of Articles 3 and 7. This was
not confidential in the NIGAS approval proceeding. Because the ICC Staff
will be aware of the provisions, I do not know why Peoples proposes to
require the procedures needed to maintain confidentiality of these
provisions in the approval proceeding.
20. Section 18.4. Peoples agreed to mutual review and agreement re
forward-looking statements re the Hub.                            21.
Section 2.4. At the meeting, Peoples agreed that the third sentence is
confusing and should be revised. I would suggest: " Peoples will inform MEH
promptly after it learns of information indicating that a revision to
information regarding Hub Capacity should be made or proposed in accordance
with this Section."
Tomorrow, I will re-review my notes to
make sure that I have covered the regulatory areas. I have notes on other
sections also if you have any need for them. I'll give you a call tomorrow
after I return from a morning hearing around 11:00am.


Not impressive
---------------------- Forwarded by John Arnold/HOU/ECT on 03/06/2001 07:06
AM ---------------------------

sales@popswine.com (Pops wine Sales) on 03/05/2001 02:28:38 PM
To: <jarnold@enron.com>
cc:
Subject: RE: Pops Order Number 20267 John Arnold

Thank You for your on-line order!

The item(s) you ordered are currently out-of-stock. You will be
automatically notified when they become available.

Thanks!!

Pop's Wines & Spirits
256 Long Beach Road
Island Park, New York 11558

516.431.0025
516.432.2648, fax

sales@popswine.com
www.popswine.com


You are cordially invited to attand three Westlaw classes at EB48C2 on
Thursday, 5/31 to learn new features, shortcuts and tips, and enhanced Public
Records on westlaw.com from a custom page on our legal portal
http://legaledge.corp.enron.com/ .  Classes will be given by Michael
Springer, Westlaw Attorney. Lunch will be provided by Westlaw.  Please
R.S.V.P. to Sylvia Hu x 36775 sylvia.hu@enron.com by Wed. 5/30.

Free On-Site Training
for
Enron Legal
Where:  Conference Room EB48C2
When:  Thursday, May 31st

Class Schedule:

9:15 to 10:30 - Westlaw.com Functionality
learn shortcuts, tips, and tricks, to improve efficiency and accuracy

10:45 to 12:00 - Public Records Enhancements
see recent improvements in coverage and search-ability

12:15 to 1:30 - New Features on Westlaw.com
experience enhancements such as Table of Contents, Most Cited Cases, and
KeySearch - the Digests on Westlaw

These valuable research tools will be demonstrated by:
Michael C. Springer, JD/MBA
Westlaw Corporate Account Manager

Lunch will be provided by Westlaw.

Please RSVP to Sylvia Hu @ Sylvia_Hu@enron.com, or call 713-853-6775 before
Wed. 5/30.


----- Forwarded by Mark Taylor/HOU/ECT on 02/06/2001 03:25 PM -----

	Jordan Mintz
	01/24/2001 05:00 PM

		 To: Mark E Haedicke/HOU/ECT@ECT, Mark Evans/Legal/LON/ECT@ECT, Vicki
Sharp/HOU/EES@EES, Kristina Mordaunt/Enron Communications@Enron
Communications, Sheila Tweed/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Jeffrey
T Hodge/HOU/ECT@ECT, Lance Schuler-Legal/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Peter
Keohane/CAL/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Rob Walls/NA/Enron@Enron
		 cc: AnnMarie Tiller/Corp/Enron@ENRON, Ryan Siurek/Corp/Enron@ENRON, Gordon
McKillop/NA/Enron@ENRON, Barry Schnapper/Corp/Enron@Enron, Gareth
Bahlmann/HOU/ECT@ECT, Julia H Chin/NA/Enron@Enron, Roseann
Engeldorf/Corp/Enron@ENRON, Nora Dobin/Corp/Enron@ENRON, Gina
Karathanos/Corp/Enron@Enron, Joel Ephross/Corp/Enron@ENRON, Brenda L
Funk/HOU/ECT@ECT, Darlene C Forsyth/HOU/ECT@ECT, tchandler@velaw.com
		 Subject: Whitewing Presentation--Thursday February 8th from 11am to 1pm

We have arranged for representatives from tax, accounting, commercial, and
legal to make presentations relating to the purpose, structure, mechanics,
etc. associated with the Whitewing/Condor deconsolidated affiliate.  I think
that the more all of us are "conversant" with that structure, it should
simplify the legal efforts in closing deals---especially in Q4.  To that end,
please invite those colleagues of yours that could benefit from this
presentation and please let my assistant, Darlene Forsyth at x37254 , know
who will be attending so we can reserve the right size conference room and
order lunch.

Thanks.
Jordan


please let me know if this is acceptable.

Thanks
Dave

Lynne Carithers <lynne.carithers@reuters.com> on 03/24/2000 01:03:57 PM
To: dave.samuels@enron.com, rahil.jafry@enron.com, julie.ferrara@enron.com
cc:
Subject: REUTERS MUTUAL CONFIDENTIALITY AGREEMENT

Here is the Reuters Mutual Confidentiality Agreement.  Let me know if this is
okay......

(See attached file: Mutual Confidentiality Agreement.doc)

Lynne

-----------------------------------------------------------------
        Visit our Internet site at http://www.reuters.com

Any views expressed in this message are those of  the  individual
sender,  except  where  the sender specifically states them to be
the views of Reuters Ltd.
 - Mutual Confidentiality Agreement.doc


Been a while since we have done one of these, but here's a new one.  This
will need to be bilateral because they are going to divulge information about
how they structure their business of supplying sports games over the internet.

Please let me know if this is acceptable with a reasonable amount of change
or if we should send them our draft.

thanks
Dave

---------------------- Forwarded by Dave Samuels/HOU/ECT on 08/01/2000 03:30
PM ---------------------------

"George Emerson" <gemerson@sportsrocket.com> on 08/01/2000 03:24:06 PM
Please respond to <gemerson@sportsrocket.com>
To: <dave.samuels@enron.com>
cc:
Subject: nda

Dave - here's the NDA draft.  Pls send back any changes your legal has to
make.

Thanks!
George
===============================
George Emerson
Sr. VP, Corporate Development
Internet Sports Network, Inc. 416-599-8800?x 227
www.SportsRocket.com
===============================

 - Enron Online NDA 1 Aug 00.doc


So, per your email, I have approved them to trade all financial products,
correct?

	David Minns@ENRON_DEVELOPMENT
	01/28/2001 04:40 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL approvals, 1/25/01

No legal restriction on the ability of Edgecap, Origin or SG Australia
trading any products through EOL.

From: Tana Jones@ECT on 25/01/2001 10:44 AM CDT
To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron,
Andrea Calo/SA/Enron@Enron, Peter Keohane/CAL/ECT@ECT
cc:

Subject: EOL approvals, 1/25/01

----- Forwarded by Tana Jones/HOU/ECT on 01/25/2001 09:44 AM -----

	Walter Guidroz@ENRON
	01/25/2001 09:29 AM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron
		 cc:
		 Subject: EOL approvals, 1/25/01

Attached are EOL approvals/amendments/declines for January 25, 2001.


Debbie:

My first choice is March 30.  My second choice is March 29.

Thanks,

Jeff

	Debbie Nowak@ENRON
	03/07/2001 02:56 PM

		 To: Jeff Donahue/Enron Communications@Enron Communications, Timothy
Donley/HOU/EES@EES, Jacek Drezewski/EU/Enron@ENRON, Terence
D'Souza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James I Ducote/HOU/ECT@ECT, W
David Duran/HOU/ECT@ECT, John Dushinske/ET&S/Enron, Ranabir Dutt/Corp/Enron,
Fernley Dyson/LON/ECT@ECT, Joseph E Earle/HOU/EES@EES, Anne
Edgley/LON/ECT@ECT, Meredith M Eggleston/HOU/EES@EES, Bill
Eichner/EFS/EES@EES, Jeff Forbis/HOU/EES@EES, Drew Fossum/ET&S/Enron@ENRON,
Scott Gahn/HOU/EES@EES, Paul D Gavens/ETOL/EU/Enron@ENRON, Jackie
Gentle/LON/ECT@ECT, Dana R Gibbs/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT,
John Gillis/ENRON@enronXgate, James Ginty/Enron Communications@Enron
Communications, Ben Glisan/HOU/ECT@ECT, Joe Gold/LON/ECT@ECT, David
Gorte/HOU/ECT, Robert Greer/HOU/ECT@ECT, Thomas D Gros/NA/Enron, Robert
Gross/SA/Enron@Enron, Bill Gulyassy/NA/Enron, Dave Gunther/NA/Enron@Enron,
Robert L Hall/ET&S/Enron@Enron, Richard Harper/LON/ECT@ECT, Clay
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James Harris/HOU/EES@EES, Matt
Harris/Enron Communications@Enron Communications, Joe
Hartsoe/Corp/Enron@ENRON, Peggy Hedstrom/CAL/ECT@ECT, John
Henderson/HOU/EES@EES, Greg Hermans/Corp/Enron, Diane Hetzel/Enron
Communications@Enron Communications, Robert Hill/NPNG/Enron@ENRON, Joseph P
Hirl/AP/ENRON@ENRON, Jeffrey T Hodge/HOU/ECT@ECT, Howard W
Holland/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Chris Holmes/HOU/EES@EES, Steve
Hotte/Corp/Enron, Kevin Howard/Enron Communications@Enron Communications,
David Howe/Corp/Enron, Kevin Hughes/HOU/EES@EES, Gene Humphrey/HOU/ECT,
Robert Hurt/HOU/EES@EES, Michael J Hutchinson/EU/Enron@Enron, Harold
Inman/Corp/Enron@Enron, Charlene Jackson/Corp/Enron@ENRON, Robert
Jones/Corp/Enron, Scott Josey/Corp/Enron@ENRON, Mary
Joyce/HR/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Allan
Keel/Corp/Enron@Enron, James E Keller/HOU/EES@EES, Marty Keyser/EFS/EES@EES,
Kelly Kimberly/Enron Communications@Enron Communications, Kyle
Kitagawa/CAL/ECT@ECT, Louise Kitchen/HOU/ECT@ECT, Mark
Koenig/Corp/Enron@ENRON, Kevin Kohnstamm/Enron Communications@Enron
Communications, Michael Kopper/HOU/ECT@ECT, Maurizio La
Noce/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Elizabeth Labanowski/EPSC/HOU/ECT,
Dwight Larson/Corp/Enron, John J Lavorato/Corp/Enron, Dan Leff/HOU/EES@EES,
Richard Lewis/LON/ECT@ECT
		 cc:
		 Subject: Your Invitation to Enron's Executive Forum - 1st Quarter 2001

The Office of the Chairman would like to invite you to participate at an
Enron Executive Forum.  This invitation is extended to
anyone who attended an Executive Impact and Influence Program within the past
two years.  These informal, interactive forums
will be 90 minutes in length and held several times per year.

Most of the participants in the Executive Impact and Influence program have
indicated a strong desire to express opinions, share
ideas, and ask questions to the Office of the Chairman. Although not
mandatory to attend, the forums are designed to address those issues.  They
also afford the Office of the Chairman opportunities to speak directly to its
executive team, describe plans and initiatives, do &reality checks8, create a
&rallying point8 and ensure Enron,s executive management is on the &same
page8 about where Enron is going---and why.

To accommodate anticipated demand, we currently have two sessions:

Choice: (Please rank in order of preference 1 or 2 for a session below.  You
will attend only one session.)

______ Thursday, March 29, 2001 from 2:30 p.m. to 4:00 p.m. in EB50M

______ Friday, March 30, 2001 from 2:30 p.m. to 4:00 p.m. in EB50M

The Office of the Chairman will host the forum. Here,s how it will work:
? Each session will have approximately 20 participants.
? The format will be honest, open, interactive dialogue.
? This will be your forum. Don,t expect to simply sit and listen to
presentations.
? This will not be the place for anonymity. You can safely ask your own
questions and express your own opinions.
? You can submit questions/issues in advance or raise them during the forum.
? Some examples of topics you might want to discuss include, but are not
limited to: the direction of Enron, business   goals/results, M&A activities,
projects/initiatives, culture, leadership, management practices, diversity,
values, etc.

Because the forum will work only if everyone actively participates, we
encourage you to accept this invitation only if you
intend to have something to say and if you are willing to allow others to do
the same. For planning purposes, it is essential that
you RSVP no later than Friday, March 16, 2001 by return e-mail to Debbie
Nowak, or via fax 713.646.8586.

Once we have ensured an even distribution of participants throughout these
sessions, we will confirm with you, in writing,
as to what session you will attend.  We will try to honor requests for first
choices as much as possible.

Should you have any questions or concerns, please notify Gerry Gibson by
e-mail (gerry.gibson@enron.com).  Gerry can also be reached at 713.345.6806.

Thank you.


Please find attached the Agenda for the Legislative Meeting to be held in San
Francisco on December 5th.

Please call me if you have any questions.

Lysa Akin
Ass't. to Paul Kaufman
121 SW Salmon, 3WTC0306
Portland, OR 97204
503/464-7927
503/464-3740 fax


Good  day,

Please find the  attached letter from Partha Ghosh.  I will be sending it by email, fax, and  mail.
Thank  you,

Michelle M.  Sheehan
 Executive  Assistantmsheehan@adventis.com
ADVENTIS
617-421-9990  x-209
617-421-9994  fax

 - BusDev_JMcMahon_Enron_Japanpresence_0601.doc
 - Ivy.gif


---------------------- Forwarded by Kenny Ha/HOU/EES on 08/06/2001 03:51 PM ---------------------------
From:	Brenda F Herod/ENRON@enronXgate on 08/03/2001 06:50 PM
To:	Richard Miller/HOU/EES@EES, swalker2@csc.com@SMTP@enronXgate, jtritipp@csc.com@SMTP@enronXgate, Robert D Gresch/HOU/EES@EES
cc:	Evan Hughes/HOU/EES@EES, Vivian Hart/HOU/EES@EES, Maurice Winter/HOU/EES@EES, Kenny Ha/HOU/EES@EES, John Rutledge/HOU/EES@EES, Neal Symms/HOU/EES@EES
Subject:	RE: Request Escalation for MV90 Interval Data Project

I need a timeline of the request, and what has been going on for the past couple of weeks related to this.  When was the request made?  When did CSC receive it?  What have they done with it?  I know this was discussed several business days back.

I don't have a problem with the approval for the emergency request AFTER someone explains why we have had a delay.

-----Original Message-----
From: Miller, Richard
Sent: Fri 8/3/2001 5:56 PM
To: swalker2@csc.com; jtritipp@csc.com; Gresch, Robert
Cc: Hughes, Evan; Herod, Brenda F.; Hart, Vivian; Winter, Maurice; Ha, Kenny; Rutledge, John; Symms, Neal
Subject: Request Escalation for MV90 Interval Data Project

	Steve and Bob, please work with me Monday morning as soon as possible to do whatever we need to do to escalate the status of this

	request to the highest response level possible.  Help me get the approval and forms needed to initiate work on this project on Monday.

	If we need to meet with the requesters, please advise.  Thanks, Richard

	Vivian Hart

	08/03/2001 05:22 PM

	To:     Evan Hughes/HOU/EES@EES

	cc:     Brenda F Herod/Enron@EnronXGate, Richard Miller/HOU/EES@EES, Maurice Winter/HOU/EES@EES, Kenny Ha/HOU/EES@EES, John Rutledge/HOU/EES@EES, Neal Symms/HOU/EES@EES

	Subject:        MV90 Interval Data

	I am trying to help some people in our team to obtain a data download from MV90 of all interval usages on a daily

	basis.  This has been a big issue with our traders in the California market.  They have been trying to get this information

	to get better Schedule numbers for power usages.

	John Rutledge from IT had filled a work request for CSC to start this work, but according to CSC, for this to be approved

	as an emergency request you have to approve it.  This is a high priority request for the traders.  CSC can start on this

	Monday first thing and start giving us samples.

	Please approve this request as an emergency request.  Attached is the work request and I've asked Richard Miller to

	help escalate this also.

	Thanks.

	---------------------- Forwarded by John Rutledge/HOU/EES on 08/03/2001 04:58 PM ---------------------------

	Jacqueline M Jackson

	08/02/2001 07:52 AM

	To:     Chris Stokley/ENRON@enronXgate

	cc:     John Rutledge/HOU/EES@EES

	Subject:        HIGH PRIORITY-FWD: WIP for MV-90 data

	Chris

	        I went ahead an submitted this request to CSC.  I called and asked that they treat it as high priority so that the work can began immediately.

	---------------------- Forwarded by Jacqueline M Jackson/HOU/EES on 08/02/2001 07:49 AM ---------------------------

	Jacqueline M Jackson

	08/02/2001 07:48 AM

	To:     CES_requirements_desk@csc.com

	cc:

	Subject:        HIGH PRIORITY-FWD: WIP for MV-90 data

	Please see the attached request for your action.  Thank You.

	---------------------- Forwarded by Jacqueline M Jackson/HOU/EES on 08/02/2001 07:47 AM ---------------------------

        Enron Energy Services

From:  John Rutledge                           07/30/2001 01:44 PM

	To:     jjackson@enron.com

	cc:     "John Rutledge" <jrutledg@enron.com>@ENRON, "Chris Stokley" <Chris_Stokley.enronXgate@enron.com>@ENRON, "Michael Frazier" <mfrazier@enron.com>@ENRON, "Richard Miller" <rmiller8@enron.com>@ENRON, "Maurice Winter" <mwinter@enron.com>@ENRON, "Kenny Ha" <kha@enron.com>@ENRON, "Steven Gullion" <sgullion@enron.com>@ENRON, rgresch@enron.com@ENRON, tcarrol6@csc.com@ENRON, swalker2@csc.com @ ENRON, Todd Taylor/HOU/EES@EES

	Subject:        FWD: WIP for MV-90 data

	Jackie--

	I am forwarding a completed WIP to you as instructed by Steve Walker.

	Kind regards,

	--John

	<<WR MV90 data.doc>>

	---------------------- Forwarded by John Rutledge/HOU/EES on 07/30/2001 01:41 PM ---------------------------

	swalker2@csc.com on 07/27/2001 11:40:24 AM

	To:     "John Rutledge" <jrutledg@enron.com>

	cc:     "Chris Stokley" <Chris_Stokley.enronXgate@enron.com>, "Michael Frazier" <mfrazier@enron.com>, "Richard Miller" <rmiller8@enron.com>, "Maurice Winter" <mwinter@enron.com>, "Kenny Ha" <kha@enron.com>, "Steven Gullion" <sgullion@enron.com>, rgresch@enron.com, tcarrol6@csc.com

	Subject:        Re: WIP for MV-90 data

	John-

	I have attached a copy of the Work Request for this effort. Please review

	it to be sure that it accurately reflects your need.

	Everywhere on the form where you find 3 questions marks (???), you need to

	supply the data. If there is no information to be filled in, feel free to

	leave the field blank. The only fields that are REQUIRED are the fields for

	Lead requestor (the person who can answer questions related to this

	request), the Alternate requestor (someone who can answer questions in the

	lead's absence) and the Business sponsor (the person who can authorize

	spending for this effort if it approved -- must be VP level or above)

	When you have filled in those fields, please forward this form to Jackie

	Jackson (jjackson@enron.com) for submission to CSC in Dublin. (They are

	aware of this request, but need the official request from Enron.)

	Please let me know if you have any questions.

	--Steve

	"John Rutledge" <jrutledg@enron.com> on 07/26/2001 11:26:59 AM

	To:   "Chris Stokley" <Chris_Stokley.enronXgate@enron.com>

	cc:   "Michael Frazier" <mfrazier@enron.com>, "Richard Miller"

	      <rmiller8@enron.com>, "Maurice Winter" <mwinter@enron.com>, "Kenny

	      Ha" <kha@enron.com>, "Steven Gullion" <sgullion@enron.com>, Stephen

	      Walker/TMG/CSC@CSC

	Subject:  WIP for MV-90 data

	Chris--

	To clarify what I meant regarding prioritization:

	CSC handles multiple, often independent, requests from ENA as well as EES,

	many

	of which are of the "we need this as soon as possible" variety. What they

	want

	from us (not just EES, but Enron as a whole) is a prioritization of *all*

	of

	these outstanding requests, not just what our group might have asked of

	them.

	Sorry about the confusion,

	--John

	---------------------- Forwarded by John Rutledge/HOU/EES on 07/26/2001

	11:16 AM

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

	 (Embedded     Enron Energy Services

	 image moved

	 to file:      From:  John Rutledge

	 pic10437.pcx) 07/26/2001 10:42 AM

	To:   swalker2@csc.com, Chris Stokley/ENRON@enronXgate, Michael

	      Frazier/HOU/EES@EES

	cc:   Richard Miller/HOU/EES@EES, Maurice Winter/HOU/EES@EES, Kenny

	      Ha/HOU/EES@EES, Steven Gullion/HOU/EES@EES

	Subject:  WIP for MV-90 data

	Steve--

	Here's a quick synopsis of what we need:

	   Users want actual historical metered data. If they can't get the data

	before

	   it has been EEV'd (?) by MV-90, they need to know, for each value,

	whether it

	   is the actual metered amount or an estimated value.

	   Users understand that there may be missing data, but do not require the

	   meta-data detailing this. However, this is with the understanding that

	the

	   back-fill data will eventually arrive at some later date.

	   We want any account- and meter-descriptive data as well as the

	associated

	   volumetric data.

	   A  test file to see what kind of data are available and a few

	consecutive

	   days worth of data to get a feel for volumes are needed.

	   If data is received from 12 - 6 a.m., how soon after 6 a.m. can we get a

	   file?

	Please do not "burn in" this process just yet because data and timing

	requirements may change.

	Chris--

	With the bullets above, Steve has promised to turn around the completed WIP

	by

	COB today or tomorrow morning. Hopefully this will at least get the ball

	rolling. It is then up to the business to determine whether to proceed and

	how

	to prioritze it. There must be concerted effort from the business to

	prioritize

	requests to CSC. Steve gave me Richard Miller's name as the EES coordinator

	for

	these requests. Please contact him and let me know what you find out.

	Going forward we MUST establish who is responsible for filling these things

	out

	and keeping track of them. I've heard different things from different

	people,

	and I don't want to end up (nor should anyone else) being the person who

	fields

	random and anonymous lobs from the other side of the fence.

	Cheers,

	--John

	(See attached file: pic10437.pcx)

	 - pic10437.pcx <<pic10437.pcx>>


---------------------- Forwarded by Scott Neal/HOU/ECT on 11/13/2000 02:56 PM
---------------------------

<butch@watsonmoving.com> on 11/13/2000 02:25:11 PM
To: <DBennyDad@aol.com>, <DBennyDad@aol.com>, <BBURGE@FLASH.NET>,
<KbutchW@aol.com>, <butch@watsonmoving.com>, <jdaghorn@aol.com>,
<digiman28@aol.com>, <Catho928@aol.com>, <Mrreemus@aol.com>,
<murphyg@mercersales.com>, <EGwydir@aol.com>, <robin99tim@yahoo.com>,
<kingb@nuevoenergy.com>, <peggy01@ev1.net>, <kay_mitchell@hotmail.com>,
<sneal@enron.com>, <tdpatton00@yahoo.com>, <aharrison@aglife.com>,
<rkgbh@aol.com>
cc:
Subject: Schedule - Week of 11/12/00

Dear Wildcats:

What a great game you guys had against the Titans!  The team party at
Speedy's was great - a special thanks to Mrs. Burge and Mrs. Gwydir for
organizing the event.

For this week, I spoke to the Commissioner this morning and he stated our
Tully Bowl Game is "95%  sure for Sunday, November 19, 2:00pm".  If this
is so,
I would like everyone to report at 1:00pm.

Here is the balance of the schedule for the week:

Wednesday, Nov. 15 - Practice 4:30-6:00pm
Thursday, Nov. 16 - Backfield only - no pads - 5:15-6:00
Saturday, Nov. 18 - Practice 9:00-11:00am

Special note: Do not wear your football cleats to the Tully Bowl - They
don't
work on the Astro Turf - WEAR TENNIS SHOES ON SUNDAY!

Lets work hard this week  and Beat The Mustangs!
Go Wildcats!

Coach Butcher


Rob Marvin of Inside FERC called for Mary Kay today with a couple questions.
I reviewed them with Mary Kay and reported back to him.  He wanted to know
what "Settlement Amount" and "Net Settlement Payment Due" meant on the
schedules.  I told him "Settlement Amount" was the Kansas ad valorem tax
refund obligation due under the Settlement, and that the "Net Settlement
Payment Due" was what was remaining due if the producer had already paid
money to Northern.  He then asked how the "Settlement Amount" was calculated
and I told him that was subject to settlement negotiation privilege and that
the parties agreed not to disclose any calculations or formulas in the
Settlement.  Jrt


I ma leaving for the evening but was hoping we might get together for a bit tomorrow some time to go over where things stand on Swapco and what needs to be done.  Can you leave a voice mail for me on 713-853-7459 letting me know what your schedule is like for tomorrow and when would work best for you?

 -----Original Message-----
From: 	stuart.ogg@weil.com@ENRON
Sent:	Friday, November 02, 2001 3:31 PM
To:	Douglas, Stephen H.
Cc:	Taylor, Mark E (Legal); trish.lindloff@weil.com
Subject:	Swapco Transfers

Steve - in order to draft the contribution agreement for RMT to transfer
the ETP partnership interests to swapco, we will need to review the
partnership agreements (1) for required consents, etc. and (2) to schedule
the interests in the agreement.  Do you have copies of the appropriate
partnership agreements and, if not, do you know from whom we could get
them?  Thanks.

**********NOTE**********
The information contained in this email message is intended only
for use of the individual or entity named above.  If the reader
of this message is not the intended recipient, or the employee or
agent responsible to deliver it to the intended recipient, you
are hereby notified that any dissemination, distribution or
copying of this communication is strictly prohibited.  If you
have received this communication in error, please immediately
notify us by telephone (214-746-7700), and destroy the original
message. Thank you.


How are you feeling?  I'm very tired and stiff.  I've been thinking, and I
know you feel like I make all of the decisions around our house when it comes
to $.  So I want us to do what you want on the pool and a car when it comes
to financing.  I will completely agree with whatever you think we should do.
And I'm not doing this for any other reason except that I want you to know
that I value your judgement and ideas.  Have a great day.  As always, I love
you very much.

D


Think you're really funny?  Then show us!  Enter the latest Enron Business
Top 10 contest and let us know what you think Enron's New Year's resolutions
should be.  (We'll choose ten winners, so only one resolution per person,
please.)  There may not be flashing lights and balloon drops if you win, but
you will get your name published and a $25 gift certificate to the Signature
Shop!

Enter the Enron Business Top 10 contest in the print publication or through
the online version (go to home.enron.com, click on Publications, then on
Enron Business and Volume 6, 2000).  Deadline is Friday, January 19.

Good luck!


I changed the rate on transport usage deal 227992 from $.27 to .32.  Impact
will be ($18,400)

I need your help  changing the curve formula - please.


********* Welcome to Bestfares.com's HOT DEALS BY EMAIL ************

BESTFARES.COM is your source for HOT TRAVEL DEALS. Visit our home
page at http://www.bestfares.com. Also, remember to visit our Newsdesk
daily at http://www.bestfares.com/travel_center/desks/newsdesk.asp
where we post hundreds of deals every day that could save you up
to 70% every time you travel! Subscribe and unsubscribe information
can be found at the bottom of this newsletter.

**************************** November 16, 2000  ************************

Don,t worry about airfares going up. We,ll lock in a low fare for you for
travel through August 15, 2001. This deal includes 90 cities and the
roundtrip fare is just $298 coast-to-coast. From California (home of a
million still uncounted absentee ballots) to Florida (where political
alligators wrestle for dominance), the country is at your disposal.

COAST-TO-COAST FOR $298 ROUNDTRIP--OR LESS.
It took us a few months to negotiate our new coast-to-coast fares because
we wanted the best deal possible. No recounts here*the deal is now signed,
sealed and delivered. The airlines have given us five fare hikes this
year, as the majors try to cover higher fuel costs. Since saving money
fuels our engine, we sympathized but went on to secure maximum savings for
you. Fly coast-to-coast for $298 roundtrip or less on your choice of
several airlines. For example, if you want to fly from Burlington (VT) to
Los Angeles, the current 21-day advance purchase roundtrip is $742.
Between Seattle and Myrtle Beach, the current 21-day advance is $687. We
think you,ll agree that $298 looks a lot better. Discounts go as high as
60 percent for travel through August 15, 2001. Check out other travel Web
sites (we love competition), do some comparison shopping, and you can
understand how we,ve earned our low-fare wings and live up to the name,
Bestfares.com. For more information on our newest bargains, visit:
http://www.bestfares.com/view.asp?id=10067898

ROUNDTRIPS BETWEEN THE MIDWEST & THE EAST COAST FOR $198-218
Fly between select U.S. cities for as low as $198 roundtrip through August
15, 2001. Travel from the Midwest or the south-central part of the country
to cities in the East on great sale fares--for example, Dallas/Fort Worth
to Charlotte is only $198 at Bestfares.com vs. $418. Our wide selection of
central cities on sale includes Houston, Dallas/Fort Worth, St. Louis,
Minneapolis, Kansas City and many more. You have your choice of over 50
cities in the Eastern U.S.  These roundtrip fares range between $198 and
$218. Here,s a sample saving. The standard roundtrip fare between
Minneapolis and Portland (ME) sells for $548, but we have it for $218.
Your savings can be 60 percent or more. These prices are valid for travel
Monday through Thursday travel but for just $10 more each way, you can fly
on weekends. We went you to travel the world for less, and deals like this
make it possible. To view more of our deeply discounted fares, access
http://www.bestfares.com/view.asp?id=10067898

FLORIDA ON SALE FROM 50 CITIES FOR AS LITTLE AS $198 RT
Are you looking for cheap airfares to use to escape the cold weather? Do
you want to comb the beach for seashells (or search the cities for
chads?). Soothe the late fall/early winter blues with Florida sunshine for
as little as $198 roundtrip. Fly from 50 Midwest and Eastern cities to
Jacksonville, Gainesville, Tallahassee, Orlando, Tampa, Fort Myers,
Naples, West Palm Beach, Fort Lauderdale, Miami or Key West. The cheapest
published fare between Chicago and Key West in January is $418 roundtrip.
Through us, your cost is only $198. The travel period extends through
August 15, so you can buy now for next year,s spring break or summer
vacation. Check out our fantastic Florida fare sale at
http://www.bestfares.com/view.asp?id=10107236

THREE-DAY ADVANCE FARES FOR $298 ROUNDTRIP OR LESS.
This is one of our favorite deals because it eliminates the high penalty
most travelers pay for last-minute trips. Our three-day advance purchase
fares are valid for travel through August 15, 2001. Now you can have peace
of mind when you need to travel with short notice--on a family emergency,
on a last-minute business trip or when an &I just have to get the heck out
of town8 mood arises. You can realize savings of up to 80 percent on these
fares and fly when you want to fly, with only a three-day advance. You can
even use this deal for the upcoming Thanksgiving holidays. For details,
visit  http://www.bestfares.com/view.asp?id=10067898

AUSTRALIA AND NEW ZEALAND ON SALE WITH UP TO $700 IN SAVINGS.
It,s nearing the official summer season Down Under, and we have some hot
deals to warm up your vacation planning. Forget about high-dollar fares of
$1,600 roundtrip or more and take this opportunity to view some of the
Best Fares to Australia and New Zealand. Please act quickly because there
are only six days left to book these specials. If you can depart through
December 11 or from December 24 through January 7, we can get you there
for only $838 roundtrip from the West Coast. Choose from Melbourne or
Sydney, Australia or Auckland, New Zealand. The fare for children ages two
through 11 is just $666 roundtrip. Fares to Brisbane begin at $938
roundtrip, $741 roundtrip for children. We also have bargain fares to
these exciting locales from other U.S. departure cities*and these fares
cover holiday travel.
For Brisbane, visit http://www.bestfares.com/view.asp?id=10106404.
For Auckland, visit http://www.bestfares.com/view.asp?id=10106403.
For Melbourne, visit http://www.bestfares.com/view.asp?id=10106402.
For Sydney, visit http://www.bestfares.com/view.asp?id=10106401.

5 DAYS LEFT TO BOOK SAN JUAN & THE CARIBBEAN FROM $180 RT
Have you been thinking about the tropics but avoided giving in to your
travel dreams because of high-season costs? Never fear--Bestfares.com is
here. We have San Juan, Puerto Rico on sale for such low prices that you
can pinch some pennies and dredge up some dollars to put your vacation
budget together. Tickets begin at just $180 roundtrip, and many of these
fares allow travel through March 31, 2001. We have specials to San Juan
from 81 U.S. cities that can save you up to half the cost of published
fares. Other Caribbean destinations on sale include St. Thomas, St.
Maarten, St. Croix and Antigua. Travel is not available December 18
through January 8. For further information, access
http://www.bestfares.com/view.asp?id=10088489

LAST MINUTE HOLIDAY CRUISE BLOWOUT FROM $199
Pack your bags for some sun and fun during the holidays.  Our Partners at
Cruise.com have conjured up some great last-minute cruise deals for
November, December, and January starting from $199.  They even have space
for Thanksgiving, Christmas and New Years! Why not set sail November 25,
2000 on a three-night holiday getaway to Key West departing from Tampa,
Florida for $199? Or, why not spend Christmas or New Year,s Eve on a
three-day cruise to the Bahamas departing from Miami for $199? Check out
the prices of the last-minute blowout specials below and act fast so you
won,t miss this opportunity to enjoy a little rest and relaxation over the
holidays.

From $199 - 3 Night Key West on the Regal Express (Tampa)
From $199 - 3 Day Bahamas on the Ecstasy (Miami)
From $289 - 4 Night Mexican Baja on the Viking Serenade (Los Angeles)
From $329 - 4 Day Bahamas/Caribbean on the Fantasy (Miami or Galveston)
From $329 - 4 Day Bahamas/Caribbean on the Ecstasy (Miami or Galveston)
From $329 - 4 Day Bahamas/Caribbean on the Jubilee (Miami or Galveston)
From $549 - 7 Day Southern Caribbean on the Fascination (San Juan)
From $549 - 7 Day Eastern/Western Caribbean on the Paradise (Miami)
From $549 - 7 Day Western Caribbean on the Sensation (Tampa)

After the turkey is served and all your holiday presents are bought, take
a little time to pamper yourself on a cruise. But, you must act fast
because this last-minute inventory will sell out very quickly. For full
details read our feature story at
http://www.bestfares.com/view.asp?id=10107485 or call the folks at
Cruise.com at 800-821-5035

AVOID AIRPORT DELAYS & MISSED FLIGHTS THIS HOLIDAY SEASON
Are you heading toward an airport during the upcoming holidays?
Unfortunately, during this holiday season a record number of travelers
will take to the friendly skies which translates into huge crowds and
limited parking at the airport parking lots. Don,t waste valuable time
searching for an empty space in an over crowded parking lot. Just stop,
valet park, catch a shuttle and fly with our partner SunPark. SunPark is
offering spectacular holiday savings through the end of this year as low
as $6 per day.  They are also offering 20% off at all locations year-round
when you buy a convenient book of 10 pre-paid parking vouchers ) which
also makes a great gift for the frequent flyer! If you live in one of the
cities below you should check out the economy and convenience of SunPark:
 Buffalo  Columbus  Houston
 Los Angeles  Memphis  Oklahoma City
 Philadelphia St. Louis  Washington, DC

Don,t be caught in the crowds this holiday season. Park your car at a
SunPark parking lot and enjoy savings and services not found at other
airport parking lots. For more information visit our feature story at
http://www.bestfares.com/view.asp?id=10107493 or visit the SunPark web
site at http://www.sunpark.com/sp_offrs.html.

THIS WEEKEND,S ONLINE TRAVEL DEALS AT A GLANCE
If you want to travel this weekend, you don,t want to spend a lot of time
checking out online bargains, site-by-site. Who has time to scroll through
dozens of e-mails that may or may not contain the deal you need? Every
Wednesday, we compile current Internet travel specials into an easy-to-use
online summary. We cover domestic and international airfares, hotels and
car rental discounts, giving you comprehensive coverage for one-stop
shopping. With one glance, you can spot the savings that suit you best and
book before the limited supplies are gone.

For This Week's Major Airline Internet Discounts,
http://www.bestfares.com/view.asp?id=10107194

For This Week's Car Rental Internet Discounts,
http://www.bestfares.com/view.asp?id=10107193

For This Week's U.S. & Canada Hotel Internet Discounts,
http://www.bestfares.com/view.asp?id=10107192

For This Week's International Hotel Internet Discounts,
http://www.bestfares.com/view.asp?id=10107191

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

HOT DEALS BY EMAIL announcements feature special money-saving offers
available on Bestfares.com. This free, weekly newsletter is your
best bet to receive great, late-breaking travel deals.

Please feel free to send this newsletter to your colleagues, friends
and family and encourage them to sign up for a free subscription to
HOT DEALS BY EMAIL. Thanks to all of you who have already recommended
this newsletter to others. If this email has been forwarded to you,
you can get your own free subscription at:
http://www.bestfares.com/e-deals/e-deal.asp.

About your privacy: Our email list is used only for distribution of
our own materials. Our subscriber list will not be sold, rented, or
otherwise made available to third parties

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

SUBSCRIPTION INFORMATION

To subscribe to the HOT DEALS BY EMAIL newsletter, please visit:
http://www.bestfares.com/e-deals/e-deal.asp.

To unsubscribe from HOT DEALS BY EMAIL, please visit:
http://www.bestfares.com/e-deals/unsubscribe.asp

To change your email address, please visit:
http://www.bestfares.com/e-deals/unsubscribe.asp
and unsubscribe from Hot Deals. Then go to:
http://www.bestfares.com/e-deals/e-deal.asp
and register your new email address.

Although every effort is made to ensure accurate information,
Bestfares.com is not responsible for any errors in this newsletter.


Roberto,

These are good questions, and, in fact, are ones to which I am not certain of
the answer (at least for #2).  Let's get together next week to discuss the
specifics of how this program works and then determine the issues.

Twanda, would you please set up this meeting for me?

Thanks.  Michelle

Roberto Deleon@ENRON
09/21/2000 02:18 PM
To: Michelle Cash/HOU/ECT@ECT
cc: Robert Howes/Corp/Enron@Enron, Anne Fidelman/Corp/Enron@Enron, Henry
Moreno/Corp/Enron@Enron
Subject: MailSweeper

Enron will be implementing the Mailsweeper software shortly.  This
application is primarily designed for email scanning/content filtering.  We
have the following outstanding issue that need to be addressed before this
application goes into production.

1. Legal disclaimer for out going mail.  (Propose verbiage listed below)

IMPORTANT: THIS DOCUMENT IS NOT A BINDING CONTRACT. ENRON DOES NOT CREATE ANY
CONTRACTUAL RIGHTS BY TRANSMISSION OF THIS EMAIL.  THIS MESSAGE IS INTENDED
ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY TO WHICH IT IS ADDRESSED, AND
MAY CONTAIN INFORMATION THAT IS PRIVILEGED, CONFIDENTIAL, AND EXEMPT FROM
DISCLOSURE UNDER APPLICABLE LAW.  IF THE READER OF THIS MESSAGE IS NOT THE
INTENDED RECIPIENT OR THE EMPLOYEE OR AGENT RESPONSIBLE FOR DELIVERING THE
MESSAGE TO THE INTENDED RECIPIENT, YOU ARE HEREBY NOTIFIED THAT ANY
DISCLOSURE, DISSEMINATION, DISTRIBUTION, OR COPYING OF THE COMMUNICATION IS
STRICTLY PROHIBITED.  IF YOU HAVE RECEIVED THIS EMAIL TRANSMISSION IN ERROR,
PLEASE IMMEDIATELY NOTIFY THE SENDER BY TELEPHONE SO THAT WE CAN ARRANGE FOR
ITS RETURN.

2. Under the new setup, all out-going mail (including remote sites i.e
London) will be routed through Houston, processed through Mailsweeper and
then sent to its final destination.  How can be sure that we are not in
violation of a foreign country's privacy laws?

Your comments on these issue is greatly appreciated.

Regards,
Roberto DeLeon


Mike:
Please resend the forms needed although I may have sent the necessary docs
with the courier that delivered the check.  Do not believe we've seen the
worst yet.

Will not be looking to put more money to work on the long only side for a
while.  Even with the rally today I do not believe we've seen the worst yet.

"Gapinski, Michael" <michael.gapinski@ubspainewebber.com> on 04/17/2001
08:48:53 AM
To: "'John.Arnold@enron.com'" <John.Arnold@enron.com>
cc: "Herrera, Rafael J." <rafael.herrera@painewebber.com>
Subject: RE: Receipt of Hedge Fund Information

John -

Yes, we received your check and forms.  The check has been deposited and the
forms have been processed.  The actual debits for hedge fund subscriptions
will begin on April 24th.

As for naked options, I believe we sent the paperwork for naked options to
you in February, but I don't believe we got it back.  Also, I'm concerned
about the margin requirements for naked options interfering with funds
available for the hedge fund subscriptions on April 24th.

I also have an ACCESS manager portfolio presentation for you to review
concerning the long-stock portion of your portfolio.  I'm thinking we could
knock out the paperwork, discuss protecting your liquidity for the hedge
funds vs. naked option margin requirements, and walk you through the ACCESS
manager proposal in about 30-45 minutes if you're available around 5 PM
tonight or tomorrow night.  With regards to the marginable equity for naked
options question, are the stocks at Fidelity held in joint name?

Thanks,
Mike

-----Original Message-----
From: John.Arnold@enron.com [mailto:John.Arnold@enron.com]
Sent: Monday, April 16, 2001 3:59 PM
To: Gapinski, Michael
Subject: RE: Receipt of Hedge Fund Information

mike:
just want to confirm you received my money and forms.
also, checking to see if i am set up to sell naked calls on ENE.  may be
looking to do something this week.  probably 100-200 contracts.
john

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.


Will Heavner was eaten by a bear last weekend, hence his bad email address.

Luckily, he only sustained minor injuries, and should be fully healed by
Arbor Day.

Here are the names or addresses of "Lost Brothers".  If you have a new
address for any of these guys, will you forward it to me?

   ----- The following addresses had permanent fatal errors -----
<will.heavner@mw.boeing.com>

did not reach the following recipient(s):
Mike Piccione '82 on Tue, 23 Oct 2001 08:29:04 -0500
    The recipient name is not recognized

   ----- The following addresses had permanent fatal errors -----
<hattfield@hotmail.com>
<kirklips@dallas.net>

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Brothers coming in for Ole Miss:

KVA and Mike McCauley
Doug Hebert
Dan and Dave Worstell

How about trying to meet at the House sometime on Saturday?  Or, Hab, got
room at the Party Bus??

Perge'

Bob Boccaccio
BP '81

"Not for College Days Alone"

http://groups.yahoo.com/group/BPFIJI

http://www.boccaccioproductions.com/


Read below, are you interested?
---------------------- Forwarded by Chris Germany/HOU/ECT on 07/20/2000 12:29
PM ---------------------------

James T Javins@EES
07/20/2000 12:16 PM
To: Chris Germany/HOU/ECT@ECT
cc:
Subject: columbia Gulf transport

Chris:

Milton Beattie called me about this, and on the second call, he said this was
currently being utilized by ENA via the Columbia Energy acquisition.  If ENA
still wants this, could you have the appropriate party call Milton Beattie at
the number below.

Jim
---------------------- Forwarded by James T Javins/DUB/EES on 07/20/2000
01:14 PM ---------------------------

James T Javins
07/13/2000 03:35 PM
To: James R Barker/HOU/EES@EES, Marde L Driscoll/HOU/EES@EES, Timothy S
Murphy/HOU/EES@EES
cc:
Subject: columbia Gulf transport

Willard Kinzer, via his wholly owned LDC Belfry Gas, has 142/day of firm
transport available on 8/1/2000 for one year, which delivers into TCO.  He
has released and sold this in the past, as he has his own supply that he uses
to feed his Belfry Gas market.  (Kinzer is the largest independent producer
in Kentucky, with about 18,000/day).

His agent, Milton Beattie, would like to know if we want to bid on this small
piece of firm transport.  He  can be reached at 1-606-679-8812.

Call me or him if interested, and either way, please let me know.

Jim


Eldon is having some computer problems, so I am sending this out.  It might
be a good idea to copy me on your e-mail picks this week.
NANCY.SELLERS@ROBERTMONDAVI.COM

Let's hear it for the 49'er faithful!  All four of this week's winners put
their money on the Niners!

 1st place - NARVCO - also the ONLY person to take Baltimore over Denver!
 2nd place - HANK - hey, wait a minute - he's a RAIDERS fan!
 3rd place - ELDON
 4th place - GROWNEY

4 more people sat down thanks to the Colts and the Jaguars:  Andy, Daryl,
Eldon and Kent - leaving 16 people in the pool.

Attached also is the pick sheet for "Week 5"


I was only able to sell 10,000 for Thursday.  Looks like we are getting long on our imbalnce too.

 -----Original Message-----
From: 	jeffsmirin@txu.com@ENRON
Sent:	Wednesday, April 17, 2002 8:38 AM
To:	Denetsosie, Troy; Dinari, Sabra L.; Germany, Chris; vince.hawkes@naes.com
Subject:	Ponderosa Pines Energy

(See attached file: Tenaska IV Est Imbalance0402.xls)

TXU LSP is requesting that you not bring in additional gas over what you
are currently burning.  The imbalance on the Ponderosa Pine contract is
growing extremely large.
 - Tenaska IV Est Imbalance0402.xls


Start Date: 4/5/01; HourAhead hour: 16;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040516.txt
!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS3'.
Table
!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS3'.
Table

!!!Could not find object.
Unrecognized database format 'r:\enpowercaps\CapsPmiData.mdb'.
General SQL error.
Table
---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 16 / Preferred:  12.00 / Final:  13.00)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: MARTEL_2_AMFOR
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 16 / Preferred:  29.00 / Final:  28.03)
  TRANS_TYPE: FINAL
  SC_ID: ARCO
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  UNIT_ID: CARBGN_6_UNIT 1

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 16 / Preferred:  12.00 / Final:  11.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/5/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SUNNY
  ENGY_TYPE: WHEEL


I'd still like to sit in when my commercial team hears it, if possible.
Plus, I suspect we run the risk this week of getting very bogged down.

ckm

From: Roseann Engeldorf/ENRON@enronXgate on 05/08/2001 12:44 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Asset Financing - Structured Finance Presentation

No, John wants to bring all his people, so I think we will do another one of
these next week.  One more seat at this one is not going to help him much.

Rose

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 08, 2001 12:38 PM
To: Engeldorf, Roseann
Cc: Snow, Dina
Subject: RE: Asset Financing - Structured Finance Presentation

I can give up my seat and sit in with  the commercial team, if that helps.

ckm

From: Roseann Engeldorf/ENRON@enronXgate on 05/08/2001 12:23 PM
To: Kay Mann/Corp/Enron@Enron
cc: Dina Snow/Corp/Enron@Enron

Subject: RE: Asset Financing - Structured Finance Presentation

No room at this one.  Maybe next week.  We are rapidly running out of room -
even for Schwartzenburg's folks!

Rose
 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 08, 2001 11:35 AM
To: Engeldorf, Roseann
Subject: Re: Asset Financing - Structured Finance Presentation

How about commercial folks?

From: Roseann Engeldorf/ENRON@enronXgate on 05/02/2001 02:20 PM
To: Sheila Tweed/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Karen E Jones/ENRON@enronXgate,
Ed B Hearn III/HOU/ECT@ECT, Matt Maxwell/Corp/Enron@ENRON, Lance
Schuler-Legal/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ann Elizabeth
White/HOU/ECT@ECT, Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Carlos
Sole/NA/Enron@Enron, Randy Pais/Corp/Enron@Enron, Jordan
Mintz/ENRON@enronXgate, Nora Dobin/Corp/Enron@ENRON, Brian D
Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry Bishop/NA/Enron@Enron,
Cheryl Costa/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jim
Desrochers/NA/Enron@Enron, Richard
Murphy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John G
Rigby/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert Sevitz/NA/Enron@Enron,
Keegan Farrell/NA/Enron@Enron, Joel Ephross/ENRON@enronXgate, Gareth
Bahlmann/ENRON@enronXgate, Julia H Chin/ENRON@enronXgate, Brenda L
Funk/ENRON@enronXgate
cc: Herman Manis/ENRON@enronXgate, William Fleenor/ENRON@enronXgate, Dina
Snow/Corp/Enron@Enron, Lisa Bills/ENRON@enronXgate, Shirley
Oliver/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Asset Financing - Structured Finance Presentation

We are planning a presentation on certain structure and contracting issues
related to power plant asset financing on Thursday, May 10th.  The
presentation will include lunch from Treebeard's and will begin at 11:30.  We
have scheduled 2.5 hours for the presentation; it may be shorter, depending
on the number of questions.

We plan to include the Portland folks by video-conference.   If you know of
others who would benefit from this presentation, please pass on this
invitation; I have not intended to exclude anyone who may want to attend.  If
there are others at remote locations, please let me or Dina Snow know so that
we can arrange for video-conferencing.  John, I asked Shirley for the names
of your contracts folks and have included them; I still have no information
as to whom else you want to include.  Therefore, please forward this to your
team members as you see fit.

Please RSVP to Dina Snow at X57099 or by e-mail to dina.snow@enron.com by
Tuesday, May 8th.

We will e-mail the conference room location when it is confirmed.

Thanks,

Rose


Just a reminder that when entering a wheel, the Interchange ID must be the
same for the import and export.  When the Import is labeled as "EPMI_CISO_**"
and the Export as "CISO_EPMI_**," the ISO views these as unique imports and
exports.  They will not be linked together for a wheel, thus causing
ancillary services charges to occur.

Thank you!


Tom,

My address:

Vince Kaminski
10 Snowbird
The Woodlands

TX 77381

Merry Christmas to you and your family.

Vince


Sara, as per our discussion this morning, we should schedule a meeting with
the paralegals to discuss the matters discussed in the memo below as well as
other related matters.

Stephanie, Marie had asked me about copies of some sent/executed brokerage
agreements.  Please let Marie know where you are keeping copies of brokerage
agreements sent out & received back.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/
----- Forwarded by Cheryl Nelson/NA/Enron on 05/31/2001 05:05 PM -----

	Cheryl Nelson
	Sent by: Cheryl Nelson
	05/22/2001 06:04 PM

		 To: Stephanie Panus/NA/Enron@Enron, Marie Heard/Enron Communications@Enron
Communications, Sara Shackleton/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT
		 Subject: Brokerage Agreement Files & Management/Legal Assistant Tasks

Hello Team,

Now that we have sent for execution or executed close to 50 new agreements
and we have to refer back to these agreements and documents, it is all the
more important that we make sure that the administrative tasks we previously
discussed are in fact accomplished.    I suggest that we schedule a meeting
to make sure

(1) that, as per our previous discussions, Stephanie or whichever legal
assistant working on brokerage agreements are tracking the agreements sent
out and creating the brokerage agreement files once the Agreements are
executed.   Also, we want to make sure everyone knows where to go when you
need certain documents/where these files are located and what is supposed to
be in them.  (I think they were just moved from Samantha's desk to
Stephanie's desk, right?)

(2) I recommend that once we get the executed documents, we need a legal
assistant to record the account numbers and execution dates in lotus notes
when she receives the documents.

(3) Also, I want to make sure that we are keeping a file on Authorized Trader
announcements and changes.  I want to resuugest that the legal assistant also
needs to send some type of form letter to the pre-existing firms to give
notice when the list of authorized traders changes - this is critical,
especially now that there are so many accounts and so many changes.  Maybe we
can draft a form letter and have a template or something.  We should also
create a list of contact persons to whom such a list has to go to.

(4) Also, now that we have more another legal assistant, we should meet to
discuss how the assistant can "take back" some of the tasks I had taken on to
make life easier without such help - getting signatures, preapring the
documents, calling the counterparty etc.  This will free-up some much needed
time to review ISDA's, Confirms etc.

(5) Which legal assistants will work on what?

Sara may have additional topics, this is just some of immediate concern.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/