---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
08/10/99 05:25 AM ---------------------------

Yao Apasu@ENRON_DEVELOPMENT
08/06/99 03:22 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Re: Restricted Master Agreements

Hey Mark,
Nice to hear from you. Sorry we missed all those appointments. I even missed
the happy hour with Tana and Marie. How long are you going to be in London.
There is no chance I'll be there before the 15th. I was scheduled to be back
in Houston  next Monday but it looks like I am spending the next week in
Abuja, Nigeria. Let me know what your plans are for the following week.

I don't recall any such deviations from the norm, on the business note , that
is. The agreements were pretty much standard. You did such a great job, I
wouldn't want to temper with perfection, would I? Miss you all. Say hi to the
rest of the gang for me.

yao

To: Yao Apasu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Restricted Master Agreements

Hey Yao!  How are you doing these days?  We never see you anymore.  I'm going
over to London on Saturday - any chance you'll be in that part of the world?

On a business note, we are getting set up to trade energy commodities and
derivatives online and one of the things we have to do is figure out what we
can trade with each potential counterparty.  Do you remember negotiating any
master agreements for ECT that did not contain the necessary elements for
trading energy commodity derivatives?  In particular I'm thinking about
things like the trade option exemption representations and the commodity
derivatives definitions provisions.

Thanks!

Mark


Thanks,

Kay


Gnny,  Please see the bold sentence I added.  Wanted to make it clear that
there would be no double interest.  Let me know if that works for you.  I
have left a voicemail with Enron Corp. counsel to review this and the other
items we discussed yesterday.  Hopefully we can get this settled today.
Thanks.

	"Levenback, Virginia C" <Virginia.C.Levenback@Williams.com>
	03/21/2001 09:37 AM

		 To: "'gerald.nemec@enron.com'" <gerald.nemec@enron.com>
		 cc: "Anderson, Toi L" <Toi.L.Anderson@Williams.com>, "Alvarado, Orlando"
<Orlando.Alvarado@Williams.com>
		 Subject: Enron Corporate Guaranty

???????
??????? As we discussed, outlined below is a sentence that Transco proposes
to insert to replace the language stricken by Enron at the end of Paragraph 2
of the Guaranty to address Enron's concerns about over-collecting interest
for late payments:

??????? "If Guarantor fails to make timely payment of the amount of the
Payment Demand, then Counterparty shall be entitled to collect the amount of
the Payment Demand together with interest calculated in accordance with
Section 7(c) of the General Terms and Conditions of Counterparty's FERC Gas
Tariff as amended from time-to-time.  Notwithstanding the foregoing,
Counterparty shall not be entitled to collect such interest, to the extent
such interest has already been assessed due to Company's failure to pay any
Obligations which are the subject of the Payment Demand.

??????? Please call me at (713) 215-2810 to discuss Transco's revised
language.? We look forward to finalizing the Guaranty today if possible.?
Thanks for your cooperation.? Gnny Levenback


Carolyn and Robin:
I would like to take Julia and Kristina out to lunch for Christmas.  Could
you please let me know which date would work best for both of them?  The
following dates are not good for me:

12/5, 12/6, 12/7, 12/8, 12/19,

Thanks.

Carol


I'm sick and fucking tired of receiving multiple copies of everyone's responses so I hope you all suffer through mine.

JON
> 1. What time is it?
>    2:20 am eastern time
>
> 2. Name as it appears on your birth certificate:
>  Jon Patrick Topolski
>
> 3. Nickname:
>   JT, Top, Topper, Topper Harley, and a host of unsavory words by my teammates, not to mention all the things you schmucks call me behind my back...
>
> 4. Parent's names:
>     Sal (The queso lady) and Ted (Mr. T if you are lucky) usually Mr. Topolski
>
> 5. Number of candles that appeared on your last birthday cake:
>    24
>
> 6. Date that you regularly blow them out:
>   Dec. 28
>
> 7. Height:
>     5' 10''
> 8. Eye color:
>     blue
>
> 9. Hair color:
>     a good majority of it is blonde now the bleach has been shaved out around the back and side, but I think it looks good and the chicks dig it.
>
> 11. Tattoos:
>    none
>
> 12. How much do you love your job:
>     My job description follows the same lines as KK's, I don't really have one.  I hit some leather with a stick and run around some bases and girls like me because the pants I wear.  Oh yeah I get paid for it too.  So I guess you could say I love it.
>
> 13. Birthplace:
>    Machine City, Indiana according to Ann Williams
>
> 14. Hometown:
>    Mother Fucking H-Town
>
> 15. Current residence:
>   Lexington, Ky
>
> 16. Ever been in love?
>     Yes
>
> 17. Been to Africa?
>    No, but I did see Africa the Serenghetti at IMAX.
>
> 18. What color is your bedroom carpet?
>    Tan
>
> 19. Been toilet-papered?
>     Yeah, some sluts from Klein Forest and they stole my varsity football sign. Ted was pissed.>
>
> 20. Loved somebody so much it made you cry?
>     Yes
>
> 21. Been in a car crash/minor wreck?
>     Some sixteen year old girl in her mom's rental side swiped my Honda.  She tried to hit and run but I caught her ass.
> 22. Type of vehicle you drive?
Toyota Sequoia
> 23. Salad Dressing:
>   Who eats salads?
>
> 24. Favorite Number:
>    6
>
> 25. Quote from a song:
>    " Oh no, here comes that sun again. It means another day without you my friend.  And it hurts me to look into the mirror at myself.  It hurts even more to have to be with somebody else."
    - Ben Harper from "Walk Away"
> 26. Favorite Holiday:
>    Christmas, I just love an hour and a half mass
>
> 27. Favorite Foods:
>    Beef
>
> 28. Favorite day of the week:
>    October
>
> 29. Favorite song at the moment:
>     "Zombie Nation"
>
> 30. Favorite TV Show:
>     SportsCenter
> 31. Toothpaste:
>   Colgate Total
> 32. Least favorite thing
>   Stupidity
>
> 33. Sport to watch:
>    Football
>
> 34. Fast Food place:
>    Wendy's, bordered out
>
> 35. When was the last time you were in the hospital?
>   I had my kidney's scoped in eighth grade. I had a catheter. It hurt to pee for two weeks.
>
> 36. Fave drink:
>    Dr. Pepper
>
> 37. Favorite Beer:
>    Bud Light (I'm cheap so what!)
> 38. How many times did you fail your Drivers test?
>    Did we take a driver's test?
>
> 39. Where do you see yourself in 10 years?
>    Extremely wealthy living a life completely devout of any meaning
>
> 41. Which single store would you choose to Max your credit card:
>         Best Buy>
> 42. What words or phrases do you overuse?
>  Fuck
>
> 43. Name the person that you are friends with that lives the farthest
away?
>  Emily
>
> 44. Most annoying thing?
>      Emily  ;)
> 45. Best thing is:
>   friends
>
> 46. Bedtime:
>     2-3 am (Unfortunately the bars close at 1 am here)
>
> 47. Who will respond to this fastest?
>    I am last, I don't know
>
> 48. Who is the person you sent this to that is least likely to respond?
>     Me, I don't think I was supposed to.


Please call if you have any questions - 713 853 9123.


Tom, as we discussed, attached is the ENW presentation from the analyst show.
It was nice getting caught up.

mike
---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/31/2000
04:36 PM ---------------------------

	Enron North America Corp.

	From:  Laura Valencia @ ENRON                           07/25/2000 04:55 PM

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Net Works Presentation


In a speech last night at Standford's Hoover Institution, Abraham announced the money to Upgrade Path 15 and said it should be completed by '03.  Said a consortium of IOUs (including PG&E), munis and generators will participate.

Press is also reporting this morning that Davis administration is confirming that it's trying to rework some of the long-term DWR contracts.

Best,
Jeff


Don,

Larry Campbell had forwarded my resume to you. Attached please find my resume just in case you haven't had a chance to look it over.

 With your permission I would like to see the trading desk in operation. I am available this memorial weekend or in the evenings during the work week ,if that is ok with you.

Thank You

KP


Changes in Enron's business require us to reevaluate how we approach the
engineering and construction function within Enron.  Specifically,  Enron
Energy Services' (EES) business has grown dramatically and that requires
considerable additional engineering and construction resources both to
develop solutions for customers and to deliver those solutions to customers.
Additionally, in light of Enron's continued emphasis on increasing our return
on invested capital, we have been engaged in fewer large scale construction
projects around the world.  Historically, these projects have been a primary
focus of EECC's activities.  Consequently we are making the following
organizational changes concerning EECC:

EECC's pipeline construction group, led by Jerry Martin, will become part of
Enron Transportation Services.
NEPCO will continue to operate as a stand alone entity focused on power plant
construction services to Enron entities and third parties.
The remainder of EECC will become part of EES.  Larry Izzo will report to the
EES Office of the Chairman.

 These changes will better align our intellectual capital with the growth
opportunities within Enron and provide new and exciting opportunities for our
employees.  Please join us in supporting and implementing these changes.


Sean:  305.5160


Nancy D'Amico
13985 SW Allen Blvd., 8
Beaverton, OR 97005
nancy.damico@nettest.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Nancy D'Amico


Enron Recruitment Technology is launching a new, easy to use, web-based Employee Referral Program.

	This new site will help you to help Enron find the talent it needs. Referrals are one of the best sources of talent for Enron in terms of quality and fit with Enron's culture. We have found that referrals stay with the company longer and adapt faster than those hired through other sources. This site will help us run a world-class employee referral program with less work and better results.

	There are also incentives for you. If you refer a candidate who is hired, you could be eligible to receive a cash reward of up to $5,000.

	So help someone accelerate their career, make yourself some money, and help us realize our mission of being the World's No. 1 Company.

	Check out the site - http://enron.referrals.com/promo.asp - let us know what you think -- we want to hear from you. This application should make referring easier for you so if you have suggestions that would enhance the program, send us an e-mail (Referral.Station@enron.com) or contact the Referral Station at (713) 345-3254, option 2.

	David Oxley


Jeff  I know you are  a crazily  busy  man.  This  is  a Q and A  format of
the  3 page  text of a serious
brochure for  customers of  ENA  and  EES  and  other Enron publics  answering
tough questions  on  today's  high  gas prices  and Calif. power market
chaos.
I know you  are extremely  busy   but  when you can get to it  I would like
your  frank comments.  It has been  reviewed  so far  by Janine Migden and
Rob  Bradley and
I have trheir  comments included  in this   document draft  # 8.   The  A B
C  notations  you see tie to
graphics  that  support these points. I can send the graphics  too if  you
wish  ...thx and regards  Margaret


WHY ARE YOU YELLING AT US!?!?!?!?!?!?!?!?

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Wednesday, February 20, 2002 9:15 AM
To: Chet_Fenner@bmc.com; lawfeder@msn.com; corrier@cox-internet.com;
knipe3@msn.com; c.r.zander@att.net; Joe.Parks@enron.com;
john.chambers@bisys.com; brianc@saltgrass.com;
c.r.zander@worldnet.att.net
Subject: RE: LOCATION FOR MAN NIGHT

TAMPICO. 610 TO AIRLINE, GO SOUTH ON AIRLINE, IT IS ON THE RIGHT.

>From: "Fenner, Chet" <Chet_Fenner@bmc.com>
>To: "'T FEDER'" <lawfeder@msn.com>, erwollam <erwollam@hotmail.com>,
>corrier@cox-internet.com, c k <knipe3@msn.com>,   "Fenner, Chet"
><Chet_Fenner@bmc.com>, c.r.zander@att.net,   Joe_Parks
><Joe.Parks@enron.com>, john.chambers@bisys.com,   brianc
><brianc@saltgrass.com>, c_r_zander <c.r.zander@worldnet.att.net>
>Subject: RE: LOCATION FOR MAN NIGHT
>Date: Tue, 19 Feb 2002 17:50:50 -0600
>
>Either way, it sounds like we're dealing w/ the Axis of Evil Restaurant
>chain.
>
>Guys, let's just admit that we're all old, don't get it much any more
>(except for Zander, 'cause he's such a hotty), and don't really care about
>the food and just meet at the Gold Cup.
>
>-----Original Message-----
>From: T FEDER [mailto:lawfeder@msn.com]
>Sent: Tuesday, February 19, 2002 4:08 PM
>To: erwollam; corrier@cox-internet.com; c k; chet_fenner;
>c.r.zander@att.net; Joe_Parks; john.chambers@bisys.com; brianc; c_r_zander
>Subject: Re: LOCATION FOR MAN NIGHT
>
>
>not only your ass grape, but you should see the monkey that eats those
>grapes, especially on Airline Drive.
>
>Nice part of town....hey how about the new Al Qaeda Restaurant on Telephone
>Road, I heard that its good too with its Sleeper Cell Chili hhmmm hmmm
>good,
>and a splash of the Taliban relish...
>
>
>----- Original Message -----
>From: Erik Wollam
>Sent: Tuesday, February 19, 2002 12:55 PM
>To: corrier@cox-internet.com; knipe3@msn.com; chet_fenner@bmc.com;
>c.r.zander@att.net; Joe.Parks@enron.com; john.chambers@bisys.com;
>brianc@saltgrass.com; lawfeder@msn.com; c.r.zander@worldnet.att.net
>Subject: LOCATION FOR MAN NIGHT
>
>THIS IS THE PLAN, THEN. THURSDAY 2/28/02 @ RESTRAUNT IDENITIFIED BELOW. Z
>OR
>PIG PLEASE PROVIDE DIRECTIONS. TIME 7:15. E.
>
>
> >From: "Brian Constantine" <brianc@saltgrass.com>
> >To: "Erik Wollam" <erwollam@hotmail.com>
> >Subject: RE: Man Night
> >Date: Wed, 13 Feb 2002 12:59:32 -0600
> >
> >I had horrible liquid pudding, accompanied by incessant stomach cramps,
> >fever, and general malaise all last week...along w/ my "ass grape"!!!
> >Needless to say, I was unavailable for comment. I am now, however, back
> >to full health and the grape has vanished....So, I would love to be WITH
> >MEN. I vote to go to a new secret dive that Zander is howling about.
> >It's called Tampico Seafood. It's some Mexican Seafood type joint on
> >Airline Drive, close to the Farmers Markets that Z says is
> >"unfuckinbelievable". IM IN.
> >
> >-----Original Message-----
> >From: Erik Wollam [mailto:erwollam@hotmail.com]
> >Sent: Wednesday, February 13, 2002 12:42 PM
> >To: bcorrier@cox-internet.com; knipe3@msn.com; chet_fenner@bmc.com;
> >c.r.zander@att.net; Joe.Parks@enron.com; john.chambers@bisys.com; Brian
> >Constantine; lawfeder@msn.com; c.r.zander@worldnet.att.net
> >Subject: Man Night
> >
> >Men:
> >
> >Hunting season is over. It is now working season. All email threads are
> >gone. No one talks to one another. This is wrong.
> >
> >I therefor propose man night February 28th, 2002 at some location yet to
> >be
> >determined, such as Tony's mexican food...on Ella.
> >
> >e.
> >
> >
> >
> >_________________________________________________________________
> >Chat with friends online, try MSN Messenger: http://messenger.msn.com
> >
>
>
>
>
>_________________________________________________________________
>MSN Photos is the easiest way to share and print your photos:
>http://photos.msn.com/support/worldwide.aspx
>
>
>

_________________________________________________________________
Chat with friends online, try MSN Messenger: http://messenger.msn.com


That is fine.  My  attorney is Jeff Hodge,  his number is 713-853-6911.  Of
course all is subject to change as we know.  I will keep you apprised.
Thanks for your help.

dp

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


Just wanted to ease your mind and let you know that I have not discussed your
impending move with anyone save those you have already informed.  I am well
aware of the sensitivity of the subject.  Believe it or not, sometimes I am
able to keep my mouth shut.


-----Original Message-----
From: 	Mrha, Jean
Sent:	Tuesday, August 21, 2001 1:55 PM
To:	Nemec, Gerald
Subject:	FW: Asset Management Outsourcing Arrangement Proposal
Importance:	High

FYI
 -----Original Message-----
From: 	Mrha, Jean
Sent:	Monday, August 20, 2001 6:41 PM
To:	Paul R. Baillargeon (E-mail)
Subject:	Asset Management Outsourcing Arrangement Proposal
Importance:	High

Paul,

As promised last week, please find attached to this correspondence a draft term sheet which outlines six potential asset management outsourcing arrangements.  These various proposal structures signify initial steps representing general commercial concepts to be further refined by a transaction team.

I know that you are out until Wednesday, but I would be interested in the status of the Confidentiality Agreement within Marathon's legal department.

I look forward to hearing from you.

Regards,

Jean


Sara,

here is online (web based) convertible trading site hat I could use - kindof
like an online broker where they match up buyers and sellers.  I take it that
before we enter to any agreement with them you need to approve it all.

 I have not looked at this document yet, so please feel free to make any
comments you may have.

Madhur

---------------------- Forwarded by Madhur Dayal/HOU/ECT on 07/17/2000 01:13
PM ---------------------------

"Lisa O'Connor" <lisa@imarkets.com> on 06/29/2000 01:49:50 PM
To: "Madhur Dayal" <madhur.dayal@enron.com>
cc:
Subject: BuySideDirect Subscriber Agreement

Dear Madhur,

It was a pleasure to speak to you this afternoon.  Enclosed are the
subscriber agreements that I mentioned.  Please let me know if you have any
questions about our system or our documentation.   Thanks and I look forward
to hearing from you.

Regards,

Lisa O'Connor

Lisa Mears O'Connor, CFA
BuySide Direct LLC
a subsidiary of Intelligent Markets, Inc.
415-369-5020 Phone
415-369-5021 Fax

 - Agreement Dated April 7 2000.doc
 - Application Dated April 7 2000.doc


---------------------- Forwarded by David W Delainey/HOU/ECT on 11/28/2000
09:04 PM ---------------------------

	Enron de Mexico

	From:  Max Yzaguirre @ ENRON                           11/28/2000 08:15 PM

To: David W Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Ozzie
Pagan/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON, Drew
Tingleaf/NA/Enron@Enron, Marc Sabine/NA/Enron@ENRON, Peggy
Banczak/HOU/ECT@ECT, Webb Jennings/HOU/ECT@ECT, Elizabeth
Johnston/NA/Enron@Enron
cc:
Subject: DeAcero

FYI, the DeAcero PPA was signed by David Gutierrez this evening.  Thanks to
each of you for all of the hard work and creativity so far - it's been a
pleasure working with this team and I look forward to continuing to do so as
we fill up the rest of the interconnect.

Best regards - Max


Greetings NESA / HEA Members!

Attached below for your review is two flyers for upcoming NESA / HEA
sponsored events.  The first (you may have seen before) contains information
regarding our Offshore Energy Museum Tour scheduled for May 17, 2001 in
Houston / Galveston, Texas.  The second contains information regarding the
Second Annual Calgary Conference scheduled for June 7 & 8, 2001 in Calgary,
Alberta, Canada.

Please take a moment to review the attached flyers and make plans to attend
these two events TODAY.  Contact Tracy Cummins at (713) 856-6525 or via
email at tracy.cummins@nesanet.org <mailto:tracy.cummins@nesanet.org>  with
any questions.

 <<FLYER 2001.doc>>   <<OEC01.doc>>

 - FLYER 2001.doc
 - OEC01.doc


Yes, thanks.  Mark

	Rob Walls/ENRON@enronXgate
	03/19/2001 11:12 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: FW: CSN PPA

 Mark -

 Are you in the loop on this?

 -----Original Message-----
From:  Kishkill, Joe
Sent: Friday, March 16, 2001 5:33 AM
To: Walls, Rob
Subject: Re: CSN PPA

Rob,

FYI..looks taken care of...much appreciated from your friends South of the
Equator...

Closing the loop,

Kish
---------------------- Forwarded by Joe Kishkill/SA/Enron on 03/16/2001 08:37
AM ---------------------------

John Novak
03/15/2001 07:54 PM
To: Sami Arap/SA/Enron@Enron, Joe Kishkill/SA/Enron@Enron
cc: Michelle Blaine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: CSN PPA

You are clear to sign CSN with ICC-administered arbitration in Brazil.

Rgds,
 John

Sami Arap
03/15/2001 12:59 PM
To: John Novak/SA/Enron@Enron
cc:

Subject: CSN PPA

John;

I am hoping to close a PPA with CSN on Friday.  The nominal value of the deal
is approximately US$6million for a 13-month term.  I am fighting to get
ICC-administered arbitration in Brazil as a dispute resolution mechanism.
CSN insists on MAE mediation & local courts (which is unacceptable to us).
In case we reach an agreement, can I go ahead with arbitration in Brazil ?
Have you talked to Michelle Blaine or Mark Headicke yet ?

Tks,

Sami


Dear i2 customers and partners,

If you wanted to attend our webcast but couldn't login at the proposed time
on June 6, you have now the ability to watch it in a replay mode.

To do so, just go to: http://www.iian.ibeam.com/events/i2tech/e060701/ ,
fill the registration form, submit it and click on the "Login" llink
located on the upper left corner of the screen, and you are ready to go (if
any problem occurs, please let me know).

As a reminder, the agenda of this webcast is attached below.

We had 425 registered attendees, and the overall feedback has been very
positive. We trust that you will share the same view after watching the
event.

Finally, I remind you that i2 is offering significant discounts for any
license of the e-learning "Intelligent SCM" course acquired before June 30,
so if you see value in this change management tool, now is the time to
further increase its ROI!

Best regards.

Marc Escande
Director, e-learning
i2 technologies
Phone: + 33 607 49 34 31

PS For your information, here is the link to a press release published
yesterday, which describes the value that On Semiconductor (formerly
Motorola Semi) has obtained by deploying the "Intelligent SCM" course to
support their worldwide master planning and demand fulfillment optimization
program. It is a perfect illustration of the themes discussed during the
webcast.

http://biz.yahoo.com/bw/010606/0332.html

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
+++++++++++++++++++++++++++++++++++++++++++++++++++++++

i2 webcast on

"Accelerating SCM Transformation through E-Learning."

featuring:

Sanjiv Sidhu, i2's Chairman

-> The challenges to value creation and how to overcome them through
education.

JB Hoyt, Director at Whirlpool

-> Use of the i2 e-learning "Intelligent SCM" course to overcome people
and process transformation challenges in a global SCM optimization
program.

Marc Escande, i2's Director of E-Learning

-> E-Learning as a change management tool in SCM transformation
projects: lessons learned

Hiten Varia, i2's Chief Delivery Officer

-> Closing remarks

Q&A session

Total time: 35 minutes


Hi everyone!

Thought you might like to know my new email address:
marcella1022000@yahoo.com Yes, I know it is strange,
but there is not much I can do about it. :)

So, far I am doing well adjusting to "big city" life.
The weather is cool and the trees are changing color!
I worked three days this week. It will be quite a
change from my last job, but I think it will be a good
experience and teach me a lot.

Anyway, I can write in more detail when I hear from
each one of you!

Take care,
Marcie


Content-Transfer-Encoding: quoted-printable
Date: Fri, 16 Mar 2001 09:01:51 -0600
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Paul Fox" <pfox@bracepatt.com>
Cc: "Alfredo Perez" <aperez@bracepatt.com>, "Jeffrey Watkiss"
<dwatkiss@bracepatt.com>, "Mark Evans" <mevans@bracepatt.com>, "Ronald
Carroll" <rcarroll@bracepatt.com>
Subject: AP - Edison Creditor Secures Plant Lien
Mime-Version: 1.0
Content-Type: text/plain; charset=US-ASCII
Content-Disposition: inline

Thursday March 15, 9:14 pm Eastern Time

Edison Creditor Secures Plant Lien

By LESLIE GORNSTEIN
AP Business Writer

LOS ANGELES (AP) -- Breaking away from a pack of creditors owed billions by
Southern California Edison, Caithness Energy got permission Wednesday to
secure a lien against one of the utility's plants.

The judgment lets the New York-based electricity supplier to attach a partial
claim on an Edison facility in Laughlin, Nev. -- a move that could spur
bigger creditors to launch similarly aggressive approaches or even force
Edison into bankruptcy.

Caithness, which has two Nevada plants owed $20 million by Edison, was
allowed to attach the lien by U.S. District Judge Lloyd George of Las Vegas.

Once it becomes final in the next few days, the claim will be the first lien
successfully placed against an Edison asset since California's energy crisis
began last year.

An Edison spokesman said the utility will seek a stay of the order next week.

A lien allows a creditor a better chance of getting paid by laying claim to
all or a portion of any future sale of a property. The judge allowed
Caithness to file for a 56 percent interest in the plant, which employs 309
people and is valued at $530 million.

The energy was used by Edison to feed California's energy grid, Caithness
attorney Philip Korologos said Thursday.

Edison owes Caithness a total of $100 million, and another $20 million bill
will come due at the end of March, Korologos said.

``They took delivery of the power and they are supposed to pay us for the
power,'' Korologos said.

But whether Caithness will go after Edison's California assets is far from
certain. Korologos said he believed that some form of additional mediation is
required for California liens that might make such an option less attractive
in the utility's home state.

Edison's bigger creditors, including Reliant Energy of Houston, declined to
speculate on whether they will employ a similar tactic.

But industry experts said that the Caithness move could cause other, bigger
creditors to feel pressure to act more aggressively on behalf of
shareholders. The law requires only three major creditors to band together to
force Edison into involuntary bankruptcy; the utility has said it does not
intend to file on its own.

So far, most creditors have chosen to simply wait, or ``forbear,'' on the
Edison debts, having fielded repeated pleas by Edison to do so. At least four
creditors or groups of creditors have sued the utility for money owed but
have taken no further action.

A New York-based creditor last month unsuccessfully tried to attach a lien to
an Edison bank account without success, an Edison spokesman said.

Edison's problems began last year when, under California's 1996 deregulation
law, investor-owned utilities were forced to buy power on the soaring spot
market while limiting the rates they could charge consumers.

Edison and fellow utility Pacific Gas & Electric say they owe creditors a
combined $14 billion.


Where is my "heartfelt and meaningful" e-mail?  I have been waiting all day!

So, what time are you planning on leaving work?  I am leaving here at 5:30
and heading over to Steve and Gina's to change and walk their dog.  I have
already taken Sophie over there.  That way I don't have to go home and then
come back all the way over here.  Do you want to come over to Steve and
Gina's or do you want me to come by and pick you up?

Hope you are having a good day.  Talk with you soon!


Is there an Inc. or Co. or something like that in the name?

	Nicole Hunter/ENRON@enronXgate
	05/15/2001 08:22 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: RE: cpy 90593, Hubert Roberts

Nope-  this is actually a company (better known as R-Pak).

 -----Original Message-----
From:  Jones, Tana
Sent: Monday, May 14, 2001 5:55 PM
To: Hunter, Nicole
Subject: cpy 90593, Hubert Roberts

Is this an individual?


Their address in Cincinnati is:
Mr & Mrs. James E. Rogers
6 Noel Lane
Cincinnati, OH, 45243

Talk to you soon.
Ben


Tennis on the 17th at 630 sounds great.  See you there.


FYI
---------------------- Forwarded by James Derrick/Corp/Enron on 11/21/2000
05:03 PM ---------------------------
From: Cindy Derecskey on 11/21/2000 02:39 PM
To: Mark Koenig/Corp/Enron@ENRON, Aleck Dadson/TOR/ECT@ECT, Robert
Hemstock/CAL/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Eric
Thode/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@Enron, John J Lavorato/Corp/Enron@Enron, Mark
Frevert/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Jeff
Skilling/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, James
Derrick/Corp/Enron@ENRON, Steven J Kean/NA/Enron@Enron
cc:

Subject: Enron, Powerex Investigated for Alberta Price Fixing

----- Forwarded by Cindy Derecskey/Corp/Enron on 11/21/2000 02:35 PM -----

	Ann M Schmidt
	11/21/2000 02:34 PM

		 To: Cindy Derecskey/Corp/Enron@Enron
		 cc:
		 Subject:

=DJ Enron, Powerex Investigated For Alberta Price Fixing
11/21/0 15:31 (New York)

      By Cheryl Devoe Kim
      Of DOW JONES NEWSWIRES

  TORONTO (Dow Jones)--Canada's Competition Bureau raided the offices of Enron
Canada Corp. in Calgary and Powerex Corp. in Vancouver earlier this year as
part of an investigation into suspected electricity price fixing by the two
companies, according to documents obtained by Dow Jones Newswires.
  Bureau investigator David Bloom alleges in an application for a warrant he
used to gain access to the offices that in the summer of 1999, Powerex and
Enron were coordinating bid restatements and inflating the price each received
for electricity as they traded on the Power Pool of Alberta.
  The investigation hasn't yet produced any charges against either of the
companies, according to Enron. The Competition Bureau declined to comment on
the status of the case.
  Both Enron Corp. (ENE), which owns Enron Canada, and Powerex, a unit of
provincially owned British Columbia Hydro & Power Authority (X.BCH), deny
breaking any rules or laws.
  From Powerex's point of view, Albertans are looking for someone to blame for
high power prices, which have become a political issue in the province.
  "They just find it easy to blame us for what are pretty fundamental market
design flaws," Powerex president and chief executive Ken Peterson told Dow
Jones Newswires in an interview.
   Deregulation Spurs Search For Someone To Blame
  The search for someone to blame has repeated itself across every
deregulating
market Enron has participated in, Enron Corp. spokesman Mark Palmer said.
  "Almost every time that either power markets or natural gas markets or even
oil markets or gasoline markets have experienced any kind of price volatility,
there have been investigations done," Palmer said.
  Enron has been scrutinized before as part of wider energy markets
investigations, he said, but never found to be breaking the rules. This is the
first such investigation into Powerex's actions, Peterson said.
  The Competition Bureau, based in Ottawa, won't say whether the investigaion
is ongoing, citing disclosure rules under the Competition Act.
  The companies themselves said they're not sure of the investigation's
status.
Their seized files were returned several months ago, but Powerex hasn't heard
from the Bureau since then. Enron did receive a call from the Bureau last week
with a question, according to Enron Corp. spokesman Eric Thode.
  The investigation began when the Power Pool of Alberta's system controllers
noticed the clearing price for a megawatt of electricity was topping C$100
with
unusual frequency.
  The Pool's price is set by participants submitting bids to buy or sell power
for the following day. Until Oct. 19, 1999, a bidder could restate the amount
of power in a bid or offer an unlimited number of times, until 20 minutes
before the hour of transmission. The price paid for every megawatt of power
needed by the Pool in a given hour is set by the most expensive unit needed to
meet demand.
   Alleged Bid Rigging Methods Detailed
  According to the Competition Bureau search warrant application, Powerex and
Enron were rigging their bids in the following manner:
  Powerex would lower the volume of an existing offer. As little as two
minutes
later, Enron would increase its offer for the same period by the same volume,
but at a "significantly higher price," according to the warrant application.
Sometimes, Enron would increase its offer even before Powerex had dropped its
offer.
  Power Pool market analyst Owen Craig, who once worked in Enron Canada's gas
trading group, found that "as a result of restatements, involving mostly
Powerex and Enron," the Pool price was raised once to C$200/MWh, four times to
between C$354.29 and C$499.93, three times to between C$500 and C$541.63, and
10 times to between C$801.02 and C$998.
  Based on the restatement patterns, Craig, and then the Bureau's Bloom,
concluded that no new energy was being offered to the Pool. They believed the
power was just being transferred from Powerex to Enron and then offered at the
higher price, according to the warrant application. By cutting the volume
offered by Powerex, the more expensive power offered by Enron would likely be
needed, and every participant would get the higher price.
  Powerex's Peterson doesn't take issue with the trade history as detailed by
the Bureau, but denies that the company's traders were doing anything wrong or
that the two companies had some sort of arrangement.
  "And we're adamant about that," Peterson said. "There was no deal with
Enron.
There was no expectation about what their behavior would lead to in terms of a
change in prices or anything like that."
  Powerex traders were merely locking in their price, cutting the company's
risk, which Enron agreed to take on by buying the power at a fixed price,
Peterson said.
  "Whenever Enron's offer of high-priced energy was declined, within moments
of
Enron being advised by the Pool that their energy would not be required,
Powerex would restate an identical volume of energy back into its lower priced
unit," according to the warrant application.
  Peterson's response: "We're operating in a very tight market there and we
felt an obligation to make sure the power got delivered into Alberta."
  Enron also denies it broke any Power Pool rules or Canadian laws.
  "It boils down to we were offered power at a price lower than we thought we
could sell it at," Enron's Thode said. "And that's what Enron and every other
company does that's in the business of trading."
  The May 25 search warrant covers the companies' actions between June 1,
1999,
and Oct. 19, 1999. On Oct. 20, 1999, the Pool changed its restatement rules,
essentially closing the loophole, though it did so without ever making public
its investigation into Powerex and Enron.
  Power Pool spokesman Wayne St. Amour declined to discuss details of the
investigation.
  "Market surveillance is in place to, among other things, protect the
interests and activities of market participants," he said.
  Those convicted under Canadian law for bid-rigging can be fined an amount at
the court's discretion and/or jailed up to five years. A conviction wouldn't
likely affect Powerex's ability to trade in the U.S., Peterson said. In Canada
"there would have to have some follow-on action by the Alberta parties to
inhibit that. And so far, they still like to get our power."
  Companies Concerned About Reputations
  The bigger problem, Peterson said, is what the case will do to the Powerex
reputation.
  "Essentially both companies are concerned about it because we have a lot at
stake from a reputational point of view," Peterson said. "Both companies, I
believe, conduct themselves in the highest possible standard. But these are
difficult times in the business with prices going crazy in Alberta and
California and people looking for somebody to blame. There's always a
possibility of collateral damage when politics gets involved."
  Powerex parent company BC Hydro is also suspected by the Power Pool of
Alberta of unfairly providing access to transmission through British Columbia,
linking Washington with Alberta, as detailed in an Oct. 13 Power Pool market
surveillance report. Again, no charges have been laid.

  Company Web sites: http://www.powerex.com, http://www.enron.com

  -By Cheryl Kim, Dow Jones Newswires; 416-306-2017; cheryl.kim@dowjones.com

  (END) DOW JONES NEWS  11-21-00
  03:31 PM- - 03 31 PM EST 11-21-00