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

Top Stories (December 20)

MIDWEST GRID OPERATOR'S PROBLEMS FORCE XCEL TO MULL OPTIONS
Ongoing turmoil within the Midwest Independent Transmission System Operator
Inc. has caused Xcel Energy Inc. to explore alternatives to its membership in
the emerging grid-management organization, a company executive said.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/20/eng-djn/eng-djn_132034_97_2532058623619

CALIFORNIA GOVERNOR MEETS UTILITIES AMID ENERGY CRISIS
For the first time since California's electricity crisis began this summer,
Governor Gray Davis has met the chiefs of the state's two largest utility
holding companies, the Wall Street Journal reported in its electronic edition
Wednesday.
http://207.32.82.57/news/ElectricPower/12_20_2000.reutr-story-N2041325.html

CALPX: UPDATED PRICING SYSTEM TO REFLECT ADJUSTMENT BIDS
The California Power Exchange has changed its pricing software so that prices
won't be dramatically changed for transmission congestion, which has been the
case for the past two weeks.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/20/eng-djn/eng-djn_162049_248_512690875214

US COMMERCE SECRETARY CANDIDATE SEEN HELPING ENERGY INDUSTRY
As President-elect George W. Bush readies to name Don Evans as the next
Secretary of Commerce Wednesday, the oil industry may be gaining an important
ally.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/20/eng-djn/eng-djn_190025_154_749535988085

FERC RULING COULD SPIKE NEW ENGLAND ELECTRIC BILLS
A ruling by federal energy regulators last week will likely send electric
bills across New England soaring by as much as 25% in the coming months,
utilities said.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/20/eng-djn/eng-djn_204029_113_447746394668

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------

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

Ill. Regulators/ComEd -2: Ruling Could Be Appealed

NYPA Selects Staten Island Site For Summer Peaking Unit

FERC Ruling Could Spike New England Electric Bills

PRESS RELEASE: S&P Revises Cleco Corp & Units To Stable

Consumer Groups: Calif Utils Bankruptcy Claims Not True

Oregon PUC Approves 4% Rate Decrease For PacifiCorp

Ill. Regulators Approve Scaled-Down ComEd Collection Plan

Western Govs Urge Calif To Redouble Power Conservation

Cleco Corp, Unit Outlook Now Stable Vs Negative -S&P>CNL

EEI: US Electric Output For Wk Ended Dec 16 Up 10.4%

US Commerce Secy Candidate Seen Helping Energy Industry

PRESS RELEASE: S&P Rates Exelon Short-Term Credit A-2

S&P: Calif Utils Face Sharp Downgrade Unless Rates Hiked

Brazil/Cesp-3: Minimum Price May Be Revised Upward

Brazil To Make Effort To Sell Cesp In March,April 2001

REPEAT: Brazil To Make Effort To Sell Cesp In Mar Or Apr

Cal-ISO Calls Stage 1 Pwr Alert;Fed Pwr Order In Effect

REPEAT:Calif ISO Calls Stage 1 Pwr Alert; Fedl Pwr Order

CalPX: Updated Pricing System To Reflect Adjustment Bids

Dow Jones To Launch German-Wide Power Index GPI Jan. 1

Landmark Decision Changes Decades-Old Calif Water Policy

Johnston Declines Bush Energy Post Offer; EEI's Kuhn Seen

Midwest Grid Oper's Problems Force Xcel To Mull Options

Chile's SVS:AES Must Tender For 100% Gener At Offer Price

AES Sets Chile Auction For Gener Shrs For Dec 28 - Report

EXCLUSIVE/E.On/Bewag -2: Payment Also To Be Renegotiated

E.On: Negotiation Is The Only Hope In Bewag Dispute

Vivendi Universal Finalizes Sithe Stake Sale For $696M

Indonesia PLN, Energi Sengkang Cut Elec Price - Source

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

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
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Richardson Extends Power Emergency Order in California

Arizona Power Provider Quits California Market

Alta Gov't Gives Out More Rebates to Help Consumers with High Electric Bills

Federal Power Order Invoked by California ISO; Additional Energy Supplies
Requested for Tomorrow's Operation

Environment: Questions About Energy Dept. Aid to Nuke Industry

Break Free From Fatigue: Get the Energy Edge

Power Shortage Jolts Heavy Users in Region: Edison Surcharges A Drain on
Manufacturers, Education Customers

Ubs Warburg Boosts Allegheny Energy to Buy from Hold (Aye)

Group 8760 Announces First Production Implementation of Ietf Ediint As2
Internet E-Commerce Solution in The Energy Industry

Pacific Gas And Electric Company Issues Statement on Utility Financial Crisis

Stage Two Electrical Emergency Issued by California ISO

Crews Struggle to Restore Power After One-Two Weather Punch in Maritimes

High-Performance Rewards Present Challenges for Energy Industry

GE, Bimbo Consultant Recommends Power-Sharing

Gov't Extends Calif. Power Order

Top Energy Summaries - Wednesday, December 20, 2000 - 5:18 PM

Davis Sees Utility Bills Going Up: Otherwise, Power Firms Will Go Bust, He
Says

Sen. Craig Urges Administration to Look Into Energy Prices

Natural Gas Utility Hikes Rates by 19 Percent

Dignitaries Make Way for Electric CO-Op's New Home

Chesapeake Energy Corporation Reports a Major Exploratory Success, Increased
2001 Cap-Ex Budget, Higher Production And Cash Flow Forecasts And Gothic
Merger Update

Siemens to Provide Allegheny Energy Solutions with Earthsafe(TM) Solar
Electric Modules

Suncor Energy's 2001 Capital Spending Budget Focused on Project Millennium
Completion

Dwp Offers Green Power Certificates, a Unique Gift to Support A Better
Environment And Sustainable Future

The New Power Company to Acquire Over 34,000 Customers from Nisource
Subsidiary, Energy USA Retail

Save Energy And Dollars

AMEX to Trade Options on Progress Energy, Inc.

Enron North America Receives California Energy Commission Approval for 750-Mw
Pastoria Energy Facility in Kern County

Ercot Selects Apx to Supply Information Technology System for Texas Renewable
Energy Credit Trading Program

High Plains Wheat Threatened by Cold, Wind, Lack of Snow Cover

Green Mountain Energy Company Teams Up with Peco to Provide Cleaner
Electricity to 50,000 New CustomersPhiladelphia to Become "Greenest"
Electricity Metro

Crews Struggle to Restore Power After One, Two Weather Punch in Maritimes

Advisory/California May Face Power Shortage

Ppl Receives EPA `Energy Ally of The Year' Award

E Source Study Asks: Is There a Market for Power Quality Services?

Tacoma Oks 43 % Surcharge Electric Rates: City Council Reluctantly Imposes
Higher Cost Until March 20

Top Energy Summaries - Wednesday, December 20, 2000 - 2:22 PM

Gtl Fuels from Natural Gas Earn Alternative Fuels Designation

Los Angeles Department of Water And Power Daily Energy Update for Wednesday,
DEC. 20

New West Energy Suspends Energy Sales in California; Current Market Poses
Risk to Company's Commodity Business

Repeats: Energy Volume And Open Interest Totals-DEC 20

Electricities Warns Study Commission: Deregulation Needs More Study

First Albany Corporation Equities Initiates Coverage of Electric Fuel
Corporation

New Comprehensive Energy Management Program Available; Home Buyers Given
Unique Energy And Comfort Warranties in Certified Plus Home Program

Environmental Protection Agency 2060-Za10 Regulatory Finding on the Emissions
of Hazardous Air Pollutants from Electric Utility Steam Generating Units

Continued Conservation Urged As Another Stage One Electrical Emergency Is
Declared; Media Teleconference Scheduled for 11 A.M.

Lawmakers Call for Clear, Transparent Power Industry Reform.

Wisconsin Power And Light CO. Files for Electric Surcharge; Rise in Natural
Gas Prices And Increased Purchased Power Costs Prompt Filing

Neither Energy Shortage Nor Long Hours Keep California ISO Employees from
Showing Holiday Spirit; Staff at The Grid Control Center Round Up Thousands
of Gifts for 300 Needy Children

Bangor Hydro Electric CO - Declares Quarterly Dividends

Alberta Energy CO Ltd - Closes Sale of $200 Million Capital Securities

Penn Manor Says Ppl's Tax Bill for Power Plant Is Overdue, But Utility Won't
Settle Tab Until Its Appeal Is Settled. Tax Jolt: Ppl Won't Pay

Firms Put in the Picture Over Energy

Algonquin Power Income Fund Press Release

Royale Energy Announces $15 Million Commercial Facility

American Superconductor Selects Alstom Power Conversion As Its Subcontractor
on U.S. Navy Motor ContractCompanies to Collaborate on Design And Development
of Hts Ship Propulsion Motors

Thousands of Maritimers Again without Power as Second Storm of Week Blows in

ST. Joseph Light & Power Declares Dividend

PG&E Corporation Offers Capacity Increase on Its Pacific Northwest Pipeline
SystemIncrease to The Company's Gas Transmission Northwest Pipeline System
Should Help Ease The Natural Gas Supply Crisis in California

/C O R R E C T I O N - American Electric Power/in Cltu008, Aep Announces
Plans to Use Urea-Based System to Reduce Nitrogen Oxide Emissions at Gavin
Plant, Moved Yesterday, DEC. 19, The Source Information Should Read "American
Electric Power" Rather Than "American Electric Power And Thermal Energy" A

Fayetteville Reverses Decision to Build Power Plant with Scana

Neuco, Inc. Signs Major Contract for Processlink(TM) at Four Orion Power
Generating Stations

Kawasaki And Catalytica Energy Systems Announce Plans to Supply
Xonon-Equipped Kawasaki Turbine to Distributed Generation MarketEnron Order
for U.S. Government Scheduled for Shipment in Q4, 2001

Ballard Power Systems Commissions Initial Manufacturing Facility

Proton Energy Systems' Hogen Hydrogen Generators Help Assure Hydrogen Supply
Reliability in A Volatile Industrial Gases Market

School Wind Power Wins Backing

Avista Expects to Report Better Than Anticipated Q4 ResultsNon-Regulated
Energy Trading Bolsters Results, Helps Offset Losses Within Avista Utilities

Businessedge Solutions Announces Opening of Houston Velossity Solution Center
for Energy Practice

Big Power Users Protest Federal Ruling

Utility Powers Up Better Password Management

Pantellos CEO Graham Collins Named One of ``Top Ten Energy Industry
Executives for 2000''; Management Team Announced, Will Lead Launch of Online
Marketplace

Regulatory Office for Energy Coming Next Month

For and Against Coal

Powerhouse Energy Corp - Appointment of MR. Basil Pantages As President

Outside Power Supply Ordered / Feds Require Other States to Sell Excess
Energy As Reserves Decline in California

Berkeley May Form Its Own Utility Company

Part of Kansas Tax on Natural Gas Could Be Used to Pay Heating Bills

Forces Converge to Jolt Power Supplies Deregulation in California Collides
with Dwindling Generating Capacity Across The West

Kaiser to Pay Full Wages in Layoffs Company to Sell More Power Back to Bpa in
January

An Estimate of Ztv's Heat And Electric Power Supplies

The Power Subsidiary of The Holding Company Skoda with A Profit in 2000

The Volume of Dnt's Sale Extraction Will Increase by 700,000 T to 14 Mil T of
Coal in 2000

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

12/20 Energy Sec'y Seeks Emergency NatGas Price

Electric & Gas Technology, Inc. Executes An Agreement with Watan Alarebi
Marketing CO. Ltd.

Cfe to Double Spending on Natural Gas Price Coverage

Lincoln Electric Starts Production at Brazilian Plant

A New Way to Pay: E-Commerce Deal between Olameter And Mondex International
Creates New Payment Scheme for Electric Utilities

Austria again blocks EU energy talks with candidates

Electric Fuel Announces Sales Management Promotions; Company Names Senior VP
And Two Sales Managers

Starstroj Firm to Build Gas Pipeline for Sakhalin Energy.

Top Energy Summaries - Wednesday, December 20, 2000 - 11:55 Am

Villages next to Iranian nuclear power plant to be evacuated

Energy from Eucalyptus Trees

Philippines: Neda Okays Pnoc Wind Power Project

Energy Minister says 'consumers to come first' for new regulator Ofgem

Aer Energy Delivers Zinc-Air Prototypes to A Leading Japanese Consumer
Electronics CompanyJointly Agreed to Milestone Reached, Next Steps Underway

Russia to Get Further World Bank Coal Credit

Enron Indian power contract under review after electricity price rise

Ballard Power Systems Commissions Initial Manufacturing Facility

Microsoft Teams with Big Bang System to Drive Mobile SolutionsPromoting
Next-Generation Mobile System Development Based on Microsoft .Net Technologies

Parliament Discusses Budgets of Energy And Foreign Ministries

Norway Approves Plans to Build Three Wind Power Plants

Top Energy Summaries - Wednesday, December 20, 2000 - 8:48 Am

Triton Energy Sets 2001 Capital Expenditures at $320 Million, Compared with
Estimated 2000 Capital Spending of $270 MillionG-
3 Exploration Well Nonproductive; G-4 Exploration Well's Spudding Imminent

U.S Cuts Flow from Trinity to Sacramento River Basin / Utility Warns Move
Will Hike Energy Prices

Sacramento River Basin to Get Less Trinity Flow / Utility Says U.S. Move Will
Raise Energy Prices

CMS Energy Elects Frank Johnson President of Its International Distribution
Unit

Top Energy Summaries - Wednesday, December 20, 2000 - 7:41 Am

Armenia to Revive Energy Sector, Pay Debts

Albanian Premier Urges "Maximal Commitment" to Overcome Energy Crisis

India's Planning Panel Proposes Power Capacity Up to 60,000 Mw

Indian Govt to Bring in Private Investors in Power Sector

Port Moresby: New Energy Minister for Png

Adb: Power Project Is Largest in Sri Lanka's Private Sector

International Power says settlement reached in HUBCO tariff dispute

Canargo Energy Corp - Reaches Agreement on Ukrainian Oilfield Development

China May Launch New Quota System for Renewable Energy Projects

India, China Set to CO-Operate in Renewable Power Projects

Indonesian Power Producer Pln Asks Govt for Price Rise Approval

Japan's Itochu, Nissho Iwai, Marubeni to Form Online Mart for Coal

Pakistan's Uch Power Plant Begins Operations

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

Wind Power Firm, Environmentalists Reach Deal Over Tucker County, W.VA., Site

Public Hearings Are Scheduled to Discuss West Virginia Water Quality

Western Washington Agencies Help Low-Income Consumers with Power Bills

Tallahassee, Fla., Officials Warn Alert Residents to Utility Price Hikes

High-Voltage Lines Deficiencies Limit San Francisco, Calif., Area Electricity

Inland California Customers of Electric Utility to Be Back-Billed for Charges

Western State Governors, Feds to Discuss Power Crisis

Natural Gas Provider Requests Rate Hike in Utah

Some of Kansas Natural Gas Tax May Be Spent to Help Low-Income Residents

The Kansas City Star, Mo., Jerry Heaster Column

Minnesota-Dakota Electric Cooperatives Plan to Offer Wind Power

Britain'S Anglian Water Challenges Regulator on Rejected Rate-Hike Request

European Stock Exchange to Create Spot Market in Electricity

U.S. Emergency Summit Could Shed Light on Western Energy Crisis, Fixes

Switching Power Suppliers Helps British Homeowners Cut Fuel Bills

South Carolina Electric & Gas Seeks Rate Increase for Natural Gas Customers

California Consumers to Shoulder Debt of California Utility Firms

Texas-Based Utility Firm Grows Internally, Through Acquisitions

Amarillo Globe-News, Texas, Energy Briefs Column

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

Calif. calls power alert due to congested transmission

UPDATE 1-California utilities, generators fail to reach deal

INTERVIEW-Regulated or not, Enron will prosper in Calif.

FULL TEXT - S&P comments on Calif. utility crisis

UPDATE 1-Calif. utilities risk imminent default, S&P warns

Duke Energy says board approves 2-for

US Corp Bonds-Mixed; Credit alarm rings for utilities

Syncrude operations back to normal after minor hitch

INTERVIEW-Public Service Enterprise sees Jan. debt sale

AES extends U.S. deadline in Gener tender offer

S&P cuts OCA ratings, may cut ratings further

S&P warns Calif. utilities risk imminent default

PG&E unit plans pipeline expansion to ease gas woes

Chile law governing tender offer takes effect

Indian state to review Enron project - report

St. Joseph Light sets special dividend

Kansas Public 235-MW coal power plant shut due low water

UPDATE 1-Spain's Iberdrola wins Mexican power plant deal

Czech N-plant not an EU issue - Austrian President

German cabinet binds loose threads of energy law

KeySpan plans 'substantial' rate hike in Mass.-paper

Iran nuclear power plant to open in 2004-newspaper

Southwest Gas files to sell $400 mln in debt, equity

Avista says fourth quarter earnings to top estimates

UK's Intl Power sees $15 mln/yr from Hubco

Electrabel, Air Products to build plant

INTERVIEW-Vattenfall wants to merge German power companies

Vivendi sells half Sithe Nth America for $696 mln

Vivendi sells half Sithe Nth America for $696 mln

Richardson leads western U.S. power crisis talks

Calif. governor meets utilities amid energy crisis-WSJ

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NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
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information technology, staffing, marketing, sales and organizational
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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
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is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone

MANAGING BILLING. The complex requirements for managing billing and
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THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster
execution, reduced transaction costs, increased number and frequency of
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Hi Scott

Enron was heavily involved in the EEI.

Anything and everything in the EEI can be changed.  I attach a sample of some our standard changes for your information.  We also add others from time to time.  Our position on issues depends upon the counterparty involved.  Feel free to amend choice of law, confirming party (which by the way sometimes EPMI also changes) and whatever else you want assuming you think appropriate for your dealings.  On typos, we know they exist but question whether there is anything misleading.  (We were under tremendous pressure to "release" the document - after release we do not want to "re-release" unless something is misleading.)  If you want to fix, feel free to do so in the cover page.

   This is a sample of EPMI's older cover page amendments

Elizabeth Sager
713-853-6349

 -----Original Message-----
From: 	Franck, Scott
Sent:	Thursday, September 27, 2001 11:59 AM
To:	Sager, Elizabeth
Subject:	Edison Electric Institute/Master Power Purchase & Sale Agreement

Elizabeth:

I am one of the contract attorneys from Bracewell & Patterson  assisting EES on various projects.  One of the matters which has been delegated to me is the review of a Master Power Purchase & Sale Agreement between EES and A'lones.  I met with Richard Ring yesterday, and he indicated that you might be able to answer a few questions.

First, Richard has informed me that ENA was heavily involved in the development of this document, and, as a result, the form is used "as is" and without amendment, save for information to be provided in the Cover Sheet.  One of my "marching orders" is that choice of law provisions in EES paper should require Texas law.  The Edison form opts for New York.  Is this something that can be changed?

Second, what about more substantive matters, such as who takes the lead in sending transaction confirmations?  In the A'lones transaction, it is contemplated that EES will be the Buyer.  The Edison form places primary confirmation obligations on the Seller.  I am informed that EES prefers to be the confirming party, regardless of whether it is the buyer or seller.  Is this something that can be changed?

Third, there are a variety of typographical and reference errors.  i.e. double commas (see paragraph 2.2), doubled phrases (paragraph 5.1(h)(i)), and possibly mistaken use of defined terms (see use of "Product" in second line of paragraphs 4.1 and 4.2).  What is the Company's position on correcting these types of items?

I apologize that this is being e-mailed, as it would probably be quicker by phone, but my connection to the phone system is lagging somewhat behind my connection to the computer network.  Thank you for your time and attention.

Scott L. Franck
Bracewell & Patterson, L.L.P.


Here are the descriptions for power.
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/13/99 02:33 PM
---------------------------

Leslie Hansen
09/09/99 09:57 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: Enron Online Market Descriptions

Tana:

Attached please find a copy of the e-mail I sent to Awais re the Market
Descriptions.

Leslie
---------------------- Forwarded by Leslie Hansen/HOU/ECT on 09/09/99 09:56
AM ---------------------------

Leslie Hansen
09/07/99 06:11 PM
To: Awais Omar/LON/ECT@ECT
cc:
Subject: Re: Enron Online Market Descriptions

Awais:

Attached please find my proposed revisions to the East and West Power Online
Market Descriptions.  I have revised the first section (Background) of each
document from an editorial perspective.  The remaining changes are intended
to correct inaccuracies in the documents.  I've spoken with Allan Aronowitz
about the fact that it might be a good idea to include some general
disclaimers relating to any projections or the like included in these
descriptions and think that it would be an excellent idea to include such a
disclaimer.  I have accordingly left in some forward-looking type projections
that I might otherwise recommend revising or deleting altogether.  If you do
not intend to include any general disclaimers, let me know so that I can
further revise as necessary.

Please feel free to call me at (713) 853-6121 with any questions or comments
relating to the attached.

Regards,

Leslie Hansen


Jim,
	Received Jimi's attachment and sent it on to the admissions office
and committee.  I'll keep you posted.
Best, Paul

C. Paul Rogers III
Professor of Law and Former Dean
Southern Methodist University
School of Law
PO Box 750116 Dallas, Tx. 75275-0116
Tel. (214) 768-2700
Fax. (214) 768-3142

 - winmail.dat


Paul asked me to email this document to you.  It is the paper analyzing gas
delivery issues into the NY, California and Chicago markets, and an
attachment which summarized interstate transportation and penalty rules.  Let
us know if you have any questions.


This is the latest update via a verbal agreement between Chad Cass and Darren
Farmer...

APRIL 5

Effective 9:00 am the nominations and redeliveries are "0"

The Fuels Cotton Valley volume of 7800 mmbtu will be purchased by HPL at Gas
Daily (HSC -5).

APRIL 6

Effective 9:00 am the nominations and redeliveries are "0"

   The Fuels Cotton Valley volume of 7800 mmbtu will be purchased by HPL at
Gas
Daily (HSC -5).

   APRIL 7

   Until further notice the nominations and redeliveries will be at "0"
   Fuels Cotton Valley gas  will be purchased by HPL at a "to be determined
price."  **

   **Darren- please give me a call so we can discuss the pricing for the FCV
gas.

   If anyone has any questions please feel free to give me a call.

   Thanks,
   Chad Cass
   713-627-6202

Marta K Henderson
04/06/2000 07:49 AM

Sent by:  Marta K Henderson

To:   stacey.neuweiler@enron.com, dfarmer@enron.com, briley@enron.com
cc:   William E. Speckels/GCS/CEC/PEC@PEC, Chad W. Cass/GCS/CEC/PEC@PEC,
Darrel
      F. Bane/EastTexas/PEFS/PEC@PEC, Michael R.
Cherry/EastTexas/PEFS/PEC@PEC,
      Donna C. Spencer/GCS/CEC/PEC@PEC, Cheryl L. Horning/GCS/CEC/PEC@PEC,
Julia
      A. Mohn/GCS/CEC/PEC@PEC, Dora J. Levy/GCS/CEC/PEC@PEC, Bruce
      McMills/FtWorth/PEFS/PEC@PEC, Sharon Beemer/FtWorth/PEFS/PEC@PEC
Subject:  Correction to 4/5/00 Nominations for Eastrans and Nomination for
      4/6/00
Beginning 2:00 pm on 4/5/00 nomination:

Deliveries:
0 MMBtu into Eastrans

Redeliveries:
0 MMBtu

For 4/6/00, the nomination is as follows:

Deliveries:
0 MMBtu into Eastrans

Redeliveries:
0 MMBtu


H?lyette,

I am working systematically through un-answered messages.
Yes, I shall be delighted to meet your friend.

Vince

Helyette Geman <geman@dauphine.fr> on 04/05/2001 04:58:47 AM
To:	vkamins@enron.com
cc:	VKaminski@aol.com
Subject:	New business

Dear Vince,
A friend of mine,Head of Research and New Projects in a major bank,
wanted to get in touch with the energy industry to possibly develop
working relationships.I said that Enron was the right place to start
and "you" the right person to meet.In this order,he would come to
the Power 2001 and I would introduce him to you.
Is this O.K with you?
Best regards
Helyette
H?lyette Geman
Professor of Finance
University Paris IX Dauphine and ESSEC


I have forwarded on your email and fax to Marie Heard.  She was already
working on that issue, what a happy coincedence!


There was a cosmetic name change made in GCP from IBP, Inc. to  IBP, inc.


Please review and give me your comments.


FYI...........
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 05/07/2001
07:49 AM ---------------------------
From: Mechelle Atwood/ENRON@enronXgate on 05/04/2001 03:24 PM
To: Robert L Hall/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT
cc: Wes Colwell/ENRON@enronXgate, "john.j.boudreaux@andersen.com"
<'john.j.boudreaux@andersen.com'>@SMTP@enronXgate,
"kate.e.agnew@us.andersen.com"
<'kate.e.agnew@us.andersen.com'>@SMTP@enronXgate, Nicole
Mendez/ENRON@enronXgate
Subject: Gas Trading Audit Notification

The Gas Trading Audit is scheduled to begin May 11, 2001 and is expected to
take approximately two to three months to complete.  The audit will be
executed by Arthur Andersen and led by Kate Agnew.

We will schedule an opening meeting with you the week of May 7, 2001 to
discuss audit scope and any concerns or suggestions you may have.

The objective of the audit will be to determine whether procedures and
controls exercised over activities are adequate and operating effectively.

Results of the audit will be discussed with you and other appropriate
personnel both during the audit and at the audit closing meeting.

We will endeavor to conduct this audit in a manner that will minimize
interruption of your normal business activities and we look forward to
working with you and your personnel. Please call me at x5-4554 if have any
questions.

Mechelle Atwood
Director, Enron Assurance Services
Enron Wholesale Services
713.345.4554; Location:  EB2383
Mechelle.Atwood@enron.com


deal numbers for this were 602738 and 602737
 -----Original Message-----
From: 	Purcell, Mike
Sent:	Monday, September 10, 2001 8:43 AM
To:	Salisbury, Holden
Subject:	PNM Parking and lending

Holden,

Can you look at this deal, 602737.1.  It's not comming through on the CARP report even after I schedule it and PNM is wondering why.

 Also, a purchase for $58 27 mw's isn't in the system and they are seeing it.

I'm not sure how Parking and lending deals are entered in the system, but somthing looks out of wack

thanks

Mike P. Purcell
Settlements Coordinator
Volume Management-Portland
503-464-8297


hope things are going well!   take care hero!

Ragan


i love you , talk later

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Thursday, October 04, 2001 8:30 AM
To:	Quigley, Dutch
Subject:	re

Before I start my day, I have been at home thinking how awful I was last nite.
There are MANY other ways to show my emotions to you. This I have not
done in a long time and I hope you can chalk it up to me having a really tough day.
You did nothing wrong and I can only hope I did not further hurt you.
I also said things I did not mean - so I hope you can still  consider coming tonite
I am so sorry
I love you so very much kq


-----Original Message-----
From: 	noreply-myuhc@uhc.com@ENRON
Sent:	Wednesday, May 22, 2002 5:14 PM
To:	Germany, Chris
Subject:	Message from myuhc.com

Dear CHRIS GERMANY,

This note is to confirm that you requested a change to your
myuhc.com password on Wed May 22 18:13:32 EDT 2002, and that
password change has been successfully completed. If you feel
that your password has been changed in error, please call the
myuhc.com Technical Help Desk at 1-877-844-4999. They will be
able to help you de-activate your old password and have a new
one created for you.

This e-mail was generated by an automated process. Please do
not reply to it. If you need further assistance, please call
our toll free desk number 1-877-844-4999.


It is an absolutely hilarious video of a pakistani man firing a shotgun in a
range and the gun shooting out of his hand and him yelling at his friends.
Real player should be able to play it - that is what I used.

I had a good time.  Send me those pics.  It was great seeing everybody and
give us a shout the next time you are in town.
PL

"Catherine Liller" <catherine.liller@lcra.org> on 10/11/2000 11:19:15 AM
To: <Phillip.M.Love@enron.com>
cc:
Subject: Re: FW: Can you help my buddy, he's looking to get on a deer lease
AS AP

What is it?  I couldnt open it.  What application is it in?
What did you think of the reunion?  Have fun?
Liz sent me a bunch of pics through email.  Mainly "our gang" and others.
Want to see em?
-Catherine


Subject: FW: New Ballot for West Palm Beach County

 - BallotWPBF11.11.00.doc


Mark

Where are we with Colombia?

I notice that customers from Australia, Aruba, Bermuda, Colombia, Israel,
Japan, Mexico, Trinidad and Tobago, Venezuela and South Africa have also been
approached in the mail shot (!)

I've highlighted the countries that I would expect to be more appropriate to
UK (than US) legal opinion (ie it's pretty much an arbitrary split). Don't
suppose you've been asked to get docs together for the others have you?

M


Attached is a draft of the talking points for the Commission's hearings.  Few
points:
Our time is likely to be limited to 5-10 minutes.
Mike Day, our outside counsel, will make the presentation on our behalf.
Mike Day is fleshing out the legal details of our presentation and he will
forward that along for folks review later today.
Comments can be forwarded to me via email, pager (888.916.7184), voicemail
(415.782.7822), or home (415.621.8317).
We will finalize the message points on tomorrow's daily call (10 AM CST).
The call in number is 800.713.8600.  Code is 80435.
The Commission's hearings begin tomorrow at 10 AM (PST).


Yes, Global agrees.

From: Lisa Lees on 04/17/2001 10:30 PM
To: Tana Jones/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Karen
Lambert/HOU/ECT@ECT
cc: Stephanie Sever/HOU/ECT@ECT
Subject: RGC3, PP-HP, Ethylene, and LLDPE Call & Put Approvals - 8 product
types!

Tana/Kelly/Karen:

The product long descriptions below will fall under the 8 new product types:

 US RGC3 Fin Opt Call
 US RGC3 Fin Opt Put
 US Ethylene Fin Opt Call
 US Ethylene Fin Opt Put
 US LLDPE Fin Opt Call
 US LLDPE Fin Opt Put
 US PP-HP Fin Opt Call
 US PP-HP Fin Opt Put

Credit (Tom Moran) has approved copying the profiles for all of these new
product types from the following:

 US Plastic RGC3 Fin Swap

Please respond no later than 11 a.m. on Wednesday, April 19.

Thank you.
----- Forwarded by Lisa Lees/HOU/ECT on 04/17/01 10:16 PM -----

	Melba Lozano
	04/16/01 02:24 PM

		 To: Mark Taylor/HOU/ECT@ECT, Jeff Blumenthal/Enron@EnronXGate, Susan
Musch/Enron@EnronXGate, Bjorn Hagelmann/Enron@EnronXGate, Tom
Moran/Enron@EnronXGate, Veronica Hill/ENRON@enronXgate, John
Swinney/Enron@EnronXGate
		 cc: Larry Joe Hunter/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Kelly
Lombardi/NA/Enron@Enron, Tara Sweitzer/HOU/ECT@ECT, Dawn C Kenne/HOU/ECT@ECT,
Torrey Moorer/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Kevin
Meredith/Corp/Enron@ENRON, Chris Walker/HOU/ECT@ECT, Chad South/NA/Enron@Enron
		 Subject: RGC3, PP-HP, Ethylene, and LLDPE Call & Put Approvals - 8 product
types!

Your review and approval of the following product types in the EOL
Datamanager is needed (for directions on approval , please see steps for
approval at the bottom of this e-mail). If you have any questions please call
me at ext. 58986.
******** DO NOT APPROVE PRODUCT TYPES BETWEEN THE HOURS OF 6AM -
11AM***********

Trader: Chad South
#1

RGC3 Call

US RGC3 Opt     CMAI      EC.30                    Jul-Dec01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.  The Option style and type shall be a European
Call ("EC").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 Jul 2001
to the Termination Date of 31 Dec 2001.

The Index for a month shall be the arithmetic average of the high and low
prices in Cents/Pound of Refinery Grade Propylene published under the
headings "North America Product Prices for (DATE): RG Propylene Contract -
Freely Neg." in the month-end issue of Chemical Market Associates, Inc.'s
Monomers Market Report effective for such month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.

#2
RGC3 Put

US RGC3 Opt     CMAI      EP.30                    Jul-Dec01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index.  The Option style and type shall be a European
Put ("EP").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 Jul 2001
to the Termination Date of 31 Dec 2001.

The Index for a month shall be the arithmetic average of the high and low
prices in Cents/Pound of Refinery Grade Propylene published under the
headings "North America Product Prices for (DATE): RG Propylene Contract -
Freely Neg." in the month-end issue of Chemical Market Associates, Inc.'s
Monomers Market Report effective for such month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.
#3
PP-HP Call

US PP-HP Opt     CMAI      EC.30                    Jul-Dec01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.  The Option style and type shall be a European
Call ("EC").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 Jul 2001
to the Termination Date of 31 Dec 2001.

The Index for a month shall be the low price in Cents/Pound of Polypropylene
- homopolymer general purpose published under the headings "North America
Product Prices for (DATE): Polypropylene Domestic" in the month-end issue of
Chemical Market Associates, Inc.'s Monomers Market Report effective for such
month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.
#4

PP-HP Put

US PP-HP Opt     CMAI      EP.30                    Jul-Dec01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index.  The Option style and type shall be a European
Put ("EP").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 Jul 2001
to the Termination Date of 31 Dec 2001.

The Index for a month shall be the low price in Cents/Pound of Polypropylene
- homopolymer general purpose published under the headings "North America
Product Prices for (DATE): Polypropylene Domestic" in the month-end issue of
Chemical Market Associates, Inc.'s Monomers Market Report effective for such
month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.
#5
Ethylene Call

US Ethylene Opt     CMAI      EC.30                    Jul-Dec01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.  The Option style and type shall be a European
Call ("EC").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 Jul 2001
to the Termination Date of 31 Dec 2001.

The Index for a month shall be the Cents/Pound price of Ethylene Monomer
published under the headings "North America Product Prices for (DATE):
Ethylene Net Transaction Contract" in the month-end issue of Chemical Market
Associates, Inc.'s Monomers Market Report effective for such month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.
#6

Ethylene Put

US Ethylene Opt     CMAI      EP.30                    Jul-Dec01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index.  The Option style and type shall be a European
Put ("EP").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall be from the Effective Date of 01 Jul 2001
to the Termination Date of 31 Dec 2001.

The Index for a month shall be the Cents/Pound price of Ethylene Monomer
published under the headings "North America Product Prices for (DATE):
Ethylene Net Transaction Contract" in the month-end issue of Chemical Market
Associates, Inc.'s Monomers Market Report effective for such month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.
#7

LLDPE Call

US LLDPE Opt       CMAI     EC.30                    Jul-Sep01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Index minus the Strike Price.  The Option style and type shall be a European
Call ("EC").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall correspond to the date(s) set forth in the
Product description on the Website.

The Index for a month shall be the arithmetic average of the high and low
Cents/Pound prices of Linear Low Density Polyethylene - Butene film grade
published under the headings "North America Product Prices for (DATE): LLDPE
Domestic" in the month-end issue of Chemical Market Associates, Inc.'s
Monomers Market Report effective for such month.
The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.
The unit of measure against which the price is quoted shall be pounds.

#8
LLDPE Put

US LLDPE Opt       CMAI     EP.30                    Jul-Sep01       c/LB

A financial Option Transaction with Enron North America Corp., under which
the Seller receives the Premium and the Buyer receives the Cash Settlement
Amount. Each calendar month during the Term of the Transaction will be a
Determination Period, provided that if the Term of the Transaction is less
than one calendar month the Determination Period shall be the Term of the
Transaction.  The Notional Quantity per Determination Period shall be
calculated from the volume submitted by Counterparty on the Website in
accordance with the unit of measure.  The Premium shall equal the product of
(i) the price submitted by Counterparty via the Website, multiplied by (ii)
the Notional Quantity per Determination Period, multiplied by (iii) the
number of Determination Periods during the Term of the Transaction. The
Payment Date for the Premium shall be 2 business days after the Trade Date of
the Transaction. The Payment Date(s) for the Cash Settlement Amount shall be
5 business days after the Cash Settlement Amount is determinable. The Cash
Settlement Amount shall be the greater of (i) zero, or (ii) the product of
(a) the Notional Quantity per Determination Period, multiplied by (b) the
Strike Price minus the Index.  The Option style and type shall be a European
Put ("EP").  Automatic Exercise is Applicable.  The Strike Price for the
Transaction shall be as set forth on the Website.

The term of the Transaction shall correspond to the date(s) set forth in the
Product description on the Website.

The Index for a month shall be the arithmetic average of the high and low
Cents/Pound prices of Linear Low Density Polyethylene - Butene film grade
published under the headings "North America Product Prices for (DATE): LLDPE
Domestic" in the month-end issue of Chemical Market Associates, Inc.'s
Monomers Market Report effective for such month.

The price is quoted in cents (US) per unit of measure which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be pounds.


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Start Date: 3/10/01; HourAhead hour: 1;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001031001.txt
!!!General SQL error.
Couldn't update; currently locked by user 'admin' on machine 'ECTHOU-BPS4'.
Table
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For AMPS:  Here are the HR questions for diligence.  Michelle


Vince,

I left you a voice message that explains a little about the history of this
inquiry (you may want to refer to that first).

Please let me know what you know about this and your opinion.

Thank you,

Anthony
*36304

 -----Original Message-----
From:  Presas, Gracie
Sent: Monday, March 05, 2001 5:38 PM
To: Sexton, Anthony
Subject: Re: FW: Question about ERNIE

Anthony,
Please contact Vince Kaminsky at ext. 3-3848.  I think his group has this
type of training set up.  Ask him is you can be added to their classes.  Let
me know if this works for you.

Gracie

From: Anthony Sexton/ENRON@enronXgate on 03/05/2001 01:31 PM
To: Gracie S Presas/HOU/ECT@ECT
cc:
Subject: FW: Question about ERNIE

Hi, Gracie.

I'm just following up on my inquiry from last week.  Have you begun any
discussions on Statistics classes?

Anthony

 -----Original Message-----
From:  Sexton, Anthony
Sent: Thursday, March 01, 2001 8:28 AM
To: Presas, Gracie
Subject: Question about ERNIE

Gracie,

Does Enron have any statistics classes?  Ones more focused on basic
statistics and the lingo (ex: alpha, beta, delta-gamma, Type I & II error,
distributions, kurtosis, etc.) than the VaR class?

I have not seen any in the class schedule.  In working with traders and
studying Risk Mangement concepts, even our "experts" that know almost
everything about marketing and modeling risk management products do not seem
to have an adequate understanding of basic statistics!!!  This lack of
knowledge basically makes my job as a Fundamentals Analyst (researching the
underlying commodity markets for the purpose of maximizing EGM/EA/EIM
profits) very inefficient.

If they already do not exist, I recommend that ERNIE institute two types of
statistics classes (which mirror the existing Finance class selection).
"Introduction to Statistics" (perhaps a database approach - including
application to Excel?) and "Applied Statistics" (which would be a more
advanced approach that specifies how Enron uses - or should use - statistics
in risk management marketing).

Please let me know what you think.

Cordially,

Anthony Sexton
*36304


As we discussed this morning, I have reviewed the subject agreement that you
faxed to me.  As I indicated yesterday, if I had been provided to agreement
for approval by HPL, I would have approved it for execution.  I still feel
that we should always have a waiver of consequential damages provision in the
agreements, however, as I indicated to Mitch, the risk of such damages is
very minimal.  I think the resolution that you, Stacey and Mitch worked out
by changing the term to monthly is excellent.  This will allow you to replace
the agreement in the future when TXU has developed it new form.  Please call
me if you need anything further regarding this matter.


Call me if you have questions.


It's OK to delay the materials for Duffie. He is very busy anyway and is not
going to complain.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:23 PM ---------------------------

Scott Salmon@ENRON
04/24/2001 01:23 PM
To: Amitava Dhar/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Vasant Shanbhogue/Enron@EnronXGate, Ben
Parsons/LON/ECT@ECT, George Albanis/LON/ECT@ECT, Tomas Valnek/LON/ECT@ECT,
Bryan Seyfried/LON/ECT@ECT
Subject: Having Iris visit London

Hi Amitava,

We've been doing some thinking and discussing here regarding the information
on our modelling process we'll provide to Darryl Duffie.  We think it would
be extremely valuable for Iris to come out to London for a couple weeks to
gain a better understanding of the how the models integrate and are truly
employed.  I think this would greatly enhance the "product" we'll send to
Duffie as well as giving Iris a firm view of Enron Credit.  In addition, she
could also explore some of the data sources such as Amadeus and others that
might be helpful in private firm modelling.  If we're extremely
efficient/lucky in receiving data from D&B or Experian, she might be able to
begin analysis on that for the private model efforts.

I would recommend she plan on coming out for 2 weeks starting the week of 30
Apr perhaps.  Depending on the progress with the private firm data sources,
it probably makes sense to send her back to Houston to work on calibration
sets with a likely return visit to London as required.

Please let me know your thoughts.

Cheers,
Scott


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 08/22/2000
09:38 AM ---------------------------

	Invitation
Chairperson: John P Tollefsen
Sent by: Terry Furches

Start: 08/30/2000 01:30 PM
End: 08/30/2000 02:30 PM

Description: Weekly Market Intelligence Status Meeting
EB32c2 (Invite for Reoccuring Meetings)

This meeting repeats every week on Wednesday starting on 08/30/2000 for 6
months.
Meeting Dates: 08/30/2000, 09/06/2000, 09/13/2000, 09/20/2000, 09/27/2000,
10/04/2000, 10/11/2000, 10/18/2000, 10/25/2000, 11/01/2000, 11/08/2000,
11/15/2000, 11/22/2000, 11/29/2000, 12/06/2000, 12/13/2000, 12/20/2000,
12/27/2000, 01/03/2001, 01/10/2001, 01/17/2001, 01/24/2001, 01/31/2001,
02/07/2001, 02/14/2001, 02/21/2001

Hunter S Shively/HOU/ECT@ECT
Chris Gaskill/Corp/Enron@Enron
Geoff Storey/HOU/ECT@ECT
George Hopley/HOU/ECT@ect
Lloyd Will/HOU/ECT@ECT
Madhup Kumar/Corp/Enron@ENRON
Colin Tonks/LON/ECT@ECT

Detailed description:


FYI -  Just wanted to let everyone know my extension.
(54013)
                                Also, if you really need something and I am
not at my
                                desk or at lunch, you can page me.
(713-707-5609).
                                My mobile number is (281-799-5593).  If you
need anything
                                just give me a call.

                               Thanks,
                               Brandee


Jeffrey.......?????
---------------------- Forwarded by Joseph Alamo/NA/Enron on 05/29/2001 10:00
AM ---------------------------
From: Scott Sullivan/Western Region/The Bentley Company@Exchange on
05/29/2001 11:54 AM CDT
To: Joseph Alamo/NA/Enron@Enron
cc:

Subject: Still nothing on the gas meeting?

R. Scott Sullivan
Account Manager
Enron Energy Services
12467 Alcosta Blvd. Suite 500
San Ramon, CA  94583
direct: (925) 543-3870
cell: (707) 631-5668
fax: (925) 543-0050
pager: (877) 348-8934
pager e-mail: 8773488934@skytel.com
scott_sullivan@enron.com

   "Failure is the opportunity to begin again, more intelligently." - Henry
Ford


I can get this moving as soon as we have the company identity and bank info in hand.  Bill Rust has all the forms in a file and a list of the items we will need to complete the forms.  Smith will work with ERCOT to get the testing started.  We also need a check for $500 to start.

-----Original Message-----
From: Gilbert-smith, Doug
Sent: Mon 1/14/2002 1:27 PM
To: Yeung, Charles
Cc:
Subject: qse

Charles,

Is this in your capable hands? Obviously I would like to get this up and running asap.

Thanks,

Doug


Gregg,
I used the following counterparties in the query:

Central Illinois Public Service Company
Central Illinois Light Company
Illinois Power Company
Northern Indiana Public Service Company
Nicor, Inc.
Nicor Energy LLC.
Nicor Enerchange LLC.
Nicor Gas Company
Nicor Gas Marketing Company
Nipsco Industries, Inc.
Nipsco Energy Services, Inc.
NiSource Capital Markets, Inc.

The only deals I came up with were with Nicor.  If you have any questions,
don't hesitate to call me.

DG    3-9573

	From:  Gregg Penman @ ENRON                           07/21/2000 04:09 PM

To: Darron C Giron/HOU/ECT@ECT
cc: Kevin P Radous/Corp/Enron@Enron
Subject: Existing Deals

Thanks for the list of existing transactions.  Only one question, it looks
like the list includes only the different corporate entities of NICOR.  Does
that mean that there were no existing transactions with the other Corporate
families, i.e. NIPSCO, CILCO, PGL and NS?

Thanks,

Gregg
---------------------- Forwarded by Gregg Penman/Corp/Enron on 07/21/2000
04:05 PM ---------------------------

	From:  Kevin P Radous                           07/21/2000 11:40 AM

To: gregg.penman@enron.com
cc:
Subject: Existing Deals

Gregg,

Attached is a list (forwards detail by risk type) disclosing all the deals
that Darron could come
up with given your parameters.

Glad the risk management group could be of some assistance.

KR
---------------------- Forwarded by Kevin P Radous/Corp/Enron on 07/21/2000
11:38 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron @ ECT                           07/21/2000 10:56 AM

To: Kevin P Radous/Corp/Enron@Enron
cc:
Subject: Existing Deals


GREG WHALLEY: IN THE LINE OF FIRE
BusinessWeek, 09/10/01

Enron Wins Document Protection Order From Calif Judge
Dow Jones Energy Service, 09/06/01
Power regulators still debating decisions on key energy issues
Associated Press Newswires, 09/06/01
Black Hills Corp Buys Las Vegas Power Plant
Dow Jones News Service, 09/06/01

Enron's subsidiary serves arbitration notice on Indian government
Associated Press Newswires, 09/06/01
India Enron Subsidiary Serves Arbitration Notice On Govt
Dow Jones International News, 09/06/01
INDIA: US seeks India's cooperation in energy security.
Reuters English News Service, 09/06/01

SPRINGS DECLINES TO JOIN LAWSUIT ON POWER PLANT
South Florida Sun-Sentinel, 09/06/01

California Panel Delays Vote on Power-Provider Choice (Update1)
Bloomberg, 09/06/01

RWE Energy Trading Division to Set Up U.S. Unit, Take on Enron
Bloomberg, 09/06/01

In Business This Week: HEADLINER
GREG WHALLEY: IN THE LINE OF FIRE
By Stephanie Anderson Forest
Edited by Monica Roman

09/10/2001
BusinessWeek
56
(Copyright 2001 McGraw-Hill, Inc.)

Greg Whalley knows a thing or two about getting ready for battle. During the 1980s, the West Point graduate served with the U.S. Army. That experience could come in handy in his new job as president and chief operating officer of Houston energy trader Enron.
Since the beginning of the year, Enron shares have plunged 50% in the wake of dropping energy prices. The stock has also been hit by fallout from other issues, including the company's ailing broadband venture and the abrupt, Aug. 14 resignation of President and CEO Jeffrey Skilling.
Following Skilling's departure, Whalley, 39, was promoted along with Mark Frevert, who was named vice-chairman. Both were elevated to the office of the chairman.
Whalley is now seen by outsiders as the leading contender for Enron's top post. But Chairman Kenneth Lay, who reassumed Enron's CEO title when Skilling stepped down, cautions that the promotions should not be viewed as the last word in the company's succession plan.

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

Enron Wins Document Protection Order From Calif Judge
By Jessica Berthold

09/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES
LOS ANGELES -(Dow Jones)- A Sacramento Superior Court judge Thursday ruled that Enron Corp (ENE) must comply with a legislative subpoena of financial documents, but reversed an earlier decision and granted the company a protective order of the documents, according to a copy of the ruling seen by Dow Jones Newswires.
Enron said the ruling was a victory, as the company has always maintained it would be happy to comply with the subpoena by the state Senate committee as long as the company received a protective order.
"We are obviously very happy with the ruling and look forward to working with the committee to come up with a protective order that truly protects our proprietary information," said Enron spokesman Mark Palmer.
The Senate Select Committee To Investigate Market Manipulation has already cited Enron and Reliant Energy, Inc (REI) with contempt for refusing to provide documents, a charge for which the companies could be fined.
Once Enron and the committee draft a protective order and the judge agrees to it, the company will hand over any documents that the committee wants, Palmer said.
However, an attorney for the committee expressed skepticism that the company would actually follow through.
"We have no indication from Enron that they would agree to produce the documents we've requested, even with the confidentiality order," said Larry Drivon, special counsel to the committee.
He added that he could not speculate if the committee would drop its contempt charge if Enron did produce all requested documents.
In his decision granting the protective order, Judge Charles Kobayashi wrote that he was not convinced the committee has solid standards in place to ensure Enron's protection.
"It is clear that there are no standards for determining what are the available protections, no procedure for determining what is a legitimately confidential, privileged, proprietary matter, no procedure for oversight and no prescribed remedy for (Enron) for any unauthorized disclosures," Kobayashi wrote.
Last week, a San Francisco Superior Court judge granted Enron a protective order in a separate investigation by the state attorney general.
-By Jessica Berthold; Dow Jones Newswires; 323-658-3872; jessica.berthold@dowjones.com

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

Power regulators still debating decisions on key energy issues
By KAREN GAUDETTE
Associated Press Writer

09/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SAN FRANCISCO (AP) - State power regulators on Thursday once again delayed suspending the option that allows Californians to choose their electricity provider.
Though a mere 200,000 Californians switched from their local utility to companies such as Green Mountain Energy or Enron, the Legislature has ordered the Public Utilities Commission to temporarily end consumer choice to keep three struggling utilities from losing more customers.
Pacific Gas and Electric Co., Southern California Edison Co. and San Diego Gas and Electric Co. are on the hook for the state's power-buying costs.
The PUC is expected to suspend direct access retroactively to July 1. Energy service providers, such as solar and wind-powered electricity seller Green Mountain Energy, say it's unconstitutional, and have vowed to fight the PUC in court.
The PUC also delayed voting on several key issues that would affect Californians' electric bills. It plans to take up these issues at a newly scheduled meeting Sept. 13:
- A proposal to grant the state's power-buying agency the authority to raise electric rates on its own without PUC review to ensure such rates are justified.
- A proposal to raise rates for San Diego Gas and Electric Co. residential customers by an average of 12 percent.
- A proposal that bills Pacific Gas and Electric Co. $6.5 billion, Southern California Edison Co. $4 billion and SDG&E $1.5 billion to help the state recoup its power-buying costs.
PUC President Loretta Lynch said the commission needs more time to review a flood of comments from utilities, consumer advocates and other parties to those decisions.
The state plans to recover some of the money it has spent buying power by collecting a portion of ratepayer money.
The more ratepayers each utility has, the lighter the blow to each customer's electric bill. But it would come at the expense of consumer choice, which lawmakers had promoted as the method by which deregulation would foster competition and lead to lower electric rates.
Rick Counihan, vice president and general manager of Green Mountain Energy, said if the PUC suspends consumer choice until the state stops buying power for the utilities - potentially a decade down the road - consumer choice is dead.
"(Direct access) was one of the few good things that came out of the restructuring," Counihan said.
Just as some environmentally conscious customers buy organic produce or recycled paper products, the option to leave their utility and buy power largely generated by the wind or sun was another way they could make a difference, he said.
Under the PUC plan, customers who signed up with an energy provider before July 1 could keep their contracts until they expire. Deals signed after that date would be nullified, and the customer would be forced to return to a local utility.
PUC Commissioner Richard Bilas, a vocal proponent of direct access, is hopeful it could resume after the finances of PG&E, Edison and SDG&E improve.
"When the utilities get back in the business - if they ever get back in the business of going out and buying electricity on behalf of themselves - that could open up direct access again," Bilas said. He predicted that could happen 18 months from now.
Counihan was less optimistic.
"I'm very skeptical that we, or other providers, will come back to California," Counihan said. "We'll very likely take our marketing activities and reallocate to other states that are more friendly."
Counihan also worried a temporary suspension would give the big three utilities no incentive to retain an infrastructure of computers and other technology put into place to process customers who switched to the alternative energy firms.
---
On the Net:
http://www.cpuc.ca.gov

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

Black Hills Corp Buys Las Vegas Power Plant

09/06/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

RAPID CITY, S.D. -(Dow Jones)- Black Hills Corp.'s (BKH) independent energy unit Black Hills Energy Ventures completed the acquisition of a 273-megawatt gas-fired co-generation power plant in Las Vegas from Enron Corp.'s (ENE) Enron North America unit.
Black Hills Energy said in a press release Thursday the cost for the entire facility is expected to be about $330 million. The price of the transaction was previously undisclosed.
Black Hills is in the process of obtaining long-term financing, which primarily will be non-recourse project debt.
Black Hills Energy and Enron's unit signed a definitive agreement for the transaction in July.
New York Stock Exchange-listed shares of Black Hills traded recently at $31.81, down 5 cents, or 0.2%, on composite volume of 48,000 shares. Average daily volume is 178,092 shares.

Black Hills Energy said it minimizes its risk exposure while securing significant recurring revenue and earnings streams by linking the Las Vegas facility to long-term contracts and fuel provision requirements.
An expansion of the present 51-megawatt cogeneration plant is now underway. Most of the power from that facility is under a long-term contract expiring in 2024, with the remainder being merchant power.
Black Hills Energy has sold 50% of the 51-megawatt power plant to another party.
Construction of a new combined cycle generation facility adjacent to the existing plant will add about 222 megawatts of capacity to the existing plant site.
The new generation is expected to be fully operational by the third quarter of 2002.
The power of the expansion is sold under a long-term contract expiring in 2017. The contract requires the purchaser to provide fuel to the power plant when the plant is dispatched.
Company Web site: http://www.blackhillscorp.com
-Consella A. Lee; Dow Jones Newswires; 201-938-5400

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

Enron's subsidiary serves arbitration notice on Indian government

09/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

NEW DELHI, India (AP) - The Indian subsidiary of power giant Enron Corp. has served an arbitration notice on Prime Minister Atal Bihari Vajpayee's government for payment of 1.02 billion rupees (dlrs 21.7 million) owed by a state utility company, a news report said Thursday.
The government had provided guarantees that it would meet the obligations of the Maharashtra State Electricity Board if the latter failed to pay for the electricity purchased from one of Houston-based Enron's plants in western India.
The plant stopped operation in May after its sole customer, the Maharashtra State Electricity Board, canceled a sevem-year-old power purchase agreement.
"We sent the arbitration notice on Sept. 4 to the government of India," Press Trust of India news agency quoted Jimmy Mogal, a spokesman for Enron's Indian subsidiary, Dabhol Power Corporation, as saying.
The arbitration proceedings will be held in London, PTI said. No date has been fixed so far.
Enron says the board did not have the right to cancel the agreement.
The state government says that DPC's electricity is overpriced and it favors renegotiation of the power purchase agreement between the company and the state utility. There is a court dispute between Dabhol and the electricity board over payment of outstanding bills.
(aks-gs)

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

India Enron Subsidiary Serves Arbitration Notice On Govt

09/06/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI (AP)--The Indian subsidiary of power giant Enron Corp. (ENE) has served an arbitration notice on Prime Minister Atal Bihari Vajpayee's government for payment of $21.7 million owed by a state utility company, a news report said Thursday.
The government had provided guarantees that it would meet the obligations of the Maharashtra State Electricity Board if the latter failed to pay for the electricity purchased from one of Houston-based Enron's plants in western India.
The plant stopped operation in May after its sole customer, the Maharashtra State Electricity Board, canceled a 7-year-old power-purchase agreement.
"We sent the arbitration notice on Sept. 4 to the government of India," Press Trust of India news agency quoted Jimmy Mogal, a spokesman for Enron's Indian subsidiary, Dabhol Power Corp., as saying.
The arbitration proceedings will take place in London, PTI said. No date has been fixed so far.
Enron says the board didn't have the right to cancel the agreement.
The state government says DPC's electricity is overpriced, and it favors renegotiation of the power-purchase agreement between the company and the state utility. There is a court dispute between Dabhol and the electricity board on payment of outstanding bills.

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

INDIA: US seeks India's cooperation in energy security.

09/06/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Sept 6 (Reuters) - The United States has sought India's cooperation in protecting oil and gas supplies from the the volatile Middle East region, the main supplier of crude oil for both the countries.
"The Persian Gulf, and the lines of communication connecting that region with the rest of the world remain critical for the security of both countries," U.S. Ambassador Robert D. Blackwill told a business conference on Thursday.
He said the United States and its allies depended on the Middle East for half of their crude oil imports, while India banked on the region for 90 percent of such imports.
"Consequently, the flow of oil and gas from the Middle East must be safeguarded and free of threats stemming either from military aggression or from acts of terrorism," he said.
"Parallel with efforts by the international community, the United States and India can work more closely together to achieve this objective."
He said both countries wanted a higher global supply of energy as the current production levels were inadequate.
"This implies that there will be increasing joint opportunities to exploit new technologies to increase energy supplies."
Blackwill said American energy firms were world leaders and their investments in the U.S. and abroad enhanced efficiencies.
"Despite current difficulties, we hope those U.S. firms can thrive in India."
U.S. energy firm, Enron Corp , is embroiled in a bitter payments dispute with a local utility and has declared it wants to sell its 65-percent stake in the $2.9-billion Dabhol power plant-the largest direct foreign investment in India.
Another American energy firm, AES Corp is also facing a payments dispute and said recently it wanted to sell its stake in a distribution company in the eastern state of Orissa.
Blackwill said problems faced by multinational investors had "darkened" India's investment climate.
"I know this personally from speaking with some of the premier American business executives with major investments in Asia."

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

LOCAL
SPRINGS DECLINES TO JOIN LAWSUIT ON POWER PLANT
Sallie James Staff Writer Staff Writer Jeremy Milarsky contributed to this report.

09/06/2001
South Florida Sun-Sentinel
Broward Metro
4B
(Copyright 2001 by the Sun-Sentinel)

A tiff may be brewing among three north Broward cities whose concerns about a power plant have already spawned a lawsuit.
So far, the city of Coconut Creek has sued the city of Deerfield Beach, claiming Deerfield illegally approved a site plan that would allow Enron Corp. to build a power plant east of Florida's Turnpike.
Now Coconut Creek officials are trying to draw Coral Springs into the fray, asking the city to join its lawsuit with some financial assistance and public backing. So far, Coral Springs has declined.
Coral Springs Commissioner Rhonda Calhoun called the maneuverings "treacherous," and the dialogue among city officials is becoming contentious.
The lawsuit, filed in July, accuses Deerfield Beach of illegally approving a site plan.
In the suit, Coconut Creek officials claim Deerfield Beach erroneously approved the plant because it overlooked a loophole in a zoning law. Because of a complicated 1990 annexation law, only City Hall staff members could decide whether Enron could build its plant in Deerfield Beach.
Staff members could reject the project only if they could prove the plant broke city laws.
Coral Springs is reluctant to sue a sister city and twice has delayed action on Coconut Creek's request to become a party to their lawsuit. Coconut Creek Vice Mayor Jim Waldman and Mayor Gloria Fantl both tried to convince Coral Springs officials they really would not be suing the city.
Just don't think of The City of Coconut Creek vs. the City of Deerfield Beach as a lawsuit, Waldman told Coral Springs commissioners on Tuesday. He suggested they view it as "empowerment" instead.
"It is not a city suing a city," said Waldman, even though Coral Springs City Attorney Sam Goren affirmed the litigation is most definitely a city suing a city. "What we are actually doing is empowering Deerfield Beach, their elected officials, to do what they wanted to do. The vehicle, unfortunately, is through the legal system, and it says we have to sue the party who made the decision."
Waldman's comments irked Deerfield Mayor Al Capellini.
"Our fellow commissioners in Coconut Creek ... they are ... trying to convince Coral Springs to join in their suit against Deerfield Beach. So next time you're going through Coconut Creek, think about that," Capellini said to the audience at Tuesday's Deerfield Beach commission meeting.
Afterward, he added, "If Jim Waldman was concerned about empowering us, why don't they pick up the phone and have a discussion with us? Do they think a lawsuit is a proper way to spend taxpayers' money? We find it offensive that they think our city attorney and our five commissioners don't know how to interpret the law."
Coral Springs Mayor John Sommerer also was also wary.
"I have heard commissioners from Deerfield Beach say they don't know what the heck Coconut Creek is trying to pull," Sommerer said.
Staff Writer Jeremy Milarsky contributed to this report.
Sallie James can be reached at sjames@sun-sentinel.com or 954-572- 2019.

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

California Panel Delays Vote on Power-Provider Choice (Update1)
2001-09-06 15:34 (New York)

California Panel Delays Vote on Power-Provider Choice (Update1)

     (Adds comments from PUC commissioner in seventh, eighth
paragraphs.)

     San Francisco, Sept. 6 (Bloomberg) -- California regulators
delayed a vote on a plan to suspend utility customers' right to
choose their own power provider, a move officials say is needed to
ensure there is a market for electricity the state is buying.

     The California Public Utilities Commission will consider the
issue of so-called ``direct access'' at a meeting on Sept. 13. The
delay gives customers of three state utilities more time to switch
power providers, leaving fewer customers behind to help the state
recover its costs, officials said.

     ``The longer that we drag this thing out, the more damage
that is going to be done,'' said Commissioner Carl Wood.

     The state has spent more than $8.6 billion buying power on
behalf of utilities owned by PG&E Corp., Edison International and
Sempra Energy. PG&E's Pacific Gas & Electric and Edison's Southern
California Edison became insolvent buying power for more than they
could charge customers. Rates paid by utility customers would help
reimburse the state for power-buying expenses.

     One of the promises of the deregulation of California's
electricity market was that customers would be allowed to leave
Pacific Gas & Electric, Southern California Edison or Sempra's San
Diego Gas & Electric and buy electricity provided by other
companies. Assembly Bill 1X, the legislation that allowed
California to buy power on behalf of utilities, called for the
suspension of direct access.

                         Bilas Delays Vote

     The vote was delayed by PUC member Richard Bilas. Bilas is
one of two commissioners appointed by former Governor Pete Wilson,
a Republican, and is a supporter of power-provider choice. The
other three commissioners were appointed by Governor Gray Davis,
who signed Assembly Bill 1X in February.

     After the meeting, Bilas said he delayed the vote to give
utility customers more time to switch their energy provider. Bilas
was able to delay the vote because he had an alternate proposal on
the issue on the PUC agenda.

     ``Direct access hasn't died yet,'' Bilas told reporters.
``It'll go to heaven next Thursday I believe -- probably on a 3-2
vote.''

     In July, the latest month for which data is available, 7,647
California customers switched to a direct-access power provider
from a utility, according to the PUC. Another 7,494 customers
switched to a utility from a direct-access provider.

     The PUC's plan to suspend direct access is opposed by the
Alliance for Retail Energy Markets, a group that includes such
power providers as Enron Corp., AES NewEnergy, Calpine Corp. and
Green Mountain Energy Co.

RWE Energy Trading Division to Set Up U.S. Unit, Take on Enron
2001-09-06 09:42 (New York)

RWE Energy Trading Division to Set Up U.S. Unit, Take on Enron

     Essen, Germany, Sept. 6 (Bloomberg) -- RWE AG, Europe's No. 4
power company, said it's setting up an energy trading unit in
Texas, bidding to take on Enron Corp. on its home turf.

     RWE Trading Americas will be run by Bill Coorsh, the German
company said in a faxed statement. As in Europe, RWE will trade
electricity, gas, coal and oil in the Americas, the company said.

     Chief Executive Dietmar Kuhnt has repeatedly said the Essen-
based company wants to expand its trading operations, and in June
singled out the U.S. market as one of the main expansion areas.

     ``We want to take advantage of the extremely attractive
opportunities in the U.S. energy trading market,'' RWE said.

     RWE will compete with Enron, the biggest energy trader that's
also based in Houston. RWE Trading has said it wants to become one
of Europe's top traders. The U.S. unit will be built up ``in
parallel'' with the European expansion, RWE said.


Kevin, how do we get at the transmission without buying the entire company?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/06/2000
08:20 AM ---------------------------

Tamara Jae Black
10/04/2000 12:36 PM
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc:
Subject: Idea

---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 10/04/2000
01:33 PM ---------------------------

	Enron North America Corp.

	From:  Kevin M Presto                           10/04/2000 12:12 PM

To: Tamara Jae Black/HOU/ECT@ECT
cc:
Subject: Idea

Please forward this to Dave and John.  My e-mail is not working for them.

Thanks.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 10/04/2000
11:54 AM ---------------------------

	Enron North America Corp.

	From:  Kevin M Presto                           10/04/2000 12:08 PM

To: Dave Delainey, John Lavorato
cc:
Subject: Idea

What do you think of a hostile bid for SOCO's transmission assets (Georgia
Power, Gulf Power, Alabama Power, Savannah Electric, & Mississippi Power &
Light), and a simultaneously create an ISO/RTO that is auctioned to the
market.  This would clearly expedite the opening of markets in the SE
significantly.

I think we could get an FPL, Duke, VEPCO, Entergy, Cinergy type company to
provide a pre-negotiated purchase price for the transmission facilities so
our capital at risk would be minimal.  Additionally, we would cut a deal with
FERC on what the new market design would look like and the ultimate
transmission owner would live with the market design.

What are your thoughts.


Aren't we all?

From:  Rick Buy
12/13/2000 09:21 AM

To: Doug Leach/HOU/ECT@ECT
cc:
Subject: Re: staff

thanks, they do a great job and are an under-appreciated asset at enron. rick