Energy supply setback: Big generator can't be forced to sell emergency power
to the state, a U.S. court rules.
By Denny Walsh and Carrie Peyton
BEE STAFF WRITERS
(Published April 6, 2001)
In a development that does not bode well for California's energy supply, a
federal appellate court Thursday halted enforcement of a lower court order
that a big electricity generator must sell emergency power to the state
without guarantee of payment.
State energy officials said the ruling wouldn't have any immediate effect but
could precipitate a power emergency if the generator decided to take a plant
off-line for maintenance.
On March 21, citing "rolling blackouts (that have) darkened the California
landscape," U.S. District Judge Frank C. Damrell Jr. imposed an injunction
against Reliant Energy Services Inc., one of the nation's major generators.
Houston-based Reliant controls approximately 3,800 megawatts, or about 20
percent, of the gas-fired generation capacity in the state, and Damrell found
that loss of that production "poses an imminent threat."
But Thursday, a three-judge panel of the 9th U.S. Circuit Court of Appeals
granted an emergency stay of the injunction, saying Reliant has shown "a high
likelihood of success on the merits" of its appeal.
While not spelling it out, the panel apparently bases its finding on the
question of the courts' jurisdiction over the energy market. The panel
directed that a hearing on the appeal be scheduled for the second week in
July.
The decision leaves California's electric grid more fragile, at least
temporarily, according to the state Independent System Operator, which
maintains and controls power transmissions.
It gives the agency no immediate recourse if Reliant chooses to shut down any
of its plants for maintenance, said ISO Vice President Jim Detmers.
"It's not going to change anything overnight, and it's not going to change
anything over the weekend," said Detmers. "But if Reliant decided on a
unilateral action to take their units off for maintenance ... we definitely
could have a system emergency."
Reliant officials, when told of the ruling, took a conciliatory tone but
declined to specify their next move.
"Reliant ... has pledged to keep the lights on in California," said company
lobbyist Marty Wilson, and "is still of a mind to want to cooperate."
Without further comment, the appeals court judges cited a 1980 U.S. District
Court decision. In that case, 14 cities sued Florida Power and Light Co.,
alleging that it was violating a number of laws in its sales of power and
production of electricity.
The judge found, however, that the Federal Power Act reserves oversight of
interstate utilities exclusively to the Federal Energy Regulatory Commission.
He ruled that only the commission may bring an action involving energy sales
into federal court -- unless it is a request to review a commission order,
and that goes directly to an appellate court.
The lawsuit before Damrell was brought by the ISO to force Reliant and two
other generators to respond to ISO's emergency orders for power, even though
the agency is buying on behalf of two retailers that are broke and hopelessly
in debt.
Because Pacific Gas and Electric Co. and Southern California Edison can't pay
their bills -- about $14 billion -- some wholesalers want to cut off sales to
the utilities.
The other three defendants in the ISO's suit -- Dynegy Power Corp. of Houston
and Tulsa-based AES Corp. and its marketer, Williams Energy Marketing &
Trading Co. -- have entered into written agreements with ISO to continue
supplying emergency power until the FERC decides whether they are required to
sell to companies that are not creditworthy.
But Charles Robinson, ISO general counsel, points out that the generators can
rescind those agreements with 48 hours' notice.
"My hope is this is a temporary setback," said Robinson. He added, however,
that the practical effect is "at least for now, we don't have a tool to
compel them to do what we believe they're obligated to do" -- respond to
emergency demands for power.
Reliant has insisted since the suit was filed Feb. 6 that Damrell has no
jurisdiction over the rate schedules that govern dealings between generators
and the ISO, and that the Federal Power Act mandates that the FERC must
settle any disputes about terms of those tariffs.
In issuing the injunction, Damrell acknowledged that the FERC has special
expertise concerning agreements between generators and ISO.
"Absent the extreme exigencies of the California power crisis, the court
agrees that a stay pending further action by the FERC would be proper," he
said. "But those are not the facts here. Electricity is in critically short
supply. The health and safety of the people of California are potentially at
risk."
Immediately upon receiving the 9th Circuit's order Thursday, attorneys for
the ISO asked Damrell to set an accelerated schedule for its motion to amend
the suit. The agency apparently has crafted a new complaint stressing its
view that the matter is an ordinary contract dispute over which the judge has
jurisdiction.
Damrell scheduled a hearing on the motion for Thursday.
In a further development that could complicate the state's dire need for
energy, an alternative supplier won a court fight Thursday to bypass the big
utilities and sell its power on the open market.
Timber giant Sierra Pacific Industries, which operates four biomass plants
that produce power for PG&E, obtained a temporary restraining order in
Sacramento Superior Court that says Sierra Pacific is not required to sell
its power to PG&E.
The ruling means PG&E and Southern Edison could lose power as alternative
energy generators, fed up with months of nonpayment, sue to be able to sell
their comparatively cheap product elsewhere, including outside the state.


Please keep Bill and I in the loop.  Thanks.

From: Sara Shackleton on 11/22/2000 05:27 PM
To: Tanya Rohauer/HOU/ECT@ECT
cc:
Subject: Global Finance Deals:  year-end, quarter-end, year round

Tanya:

This year is no different from any other year and we are always asked to
review the swap component of the Global Finance structured deals.  We are
also seeing lots of prepays.

Who is the credit person to be apprised of these transactions?  Should we
immediately involve you and Bill?

At the moment, Mary Cook, Angela Davis (legal finance group) and I are
juggling the deals.

Please let me know and I'll alert the swap group.  Thanks.  Sara


Attached for your review is the draft of Enron's response to the complaint of
the National Association of Gas Consumers against "All Sellers of Natural Gas
in the United States of America in Interstate Commerce".  The NAGC asks FERC
to set a benchmark price for natural gas in the US of $2.74 with sales above
that level being subject to refund for 3 years.

The deadline for filing is March 1.  If you have any comments on the draft,
please respond by e-mail to both me and Leslie Lawner, or call one of us no
later than 4:00 pm CST tomorrow.  My extension in Houston is 35840, and
Leslie's phone number is 505-623-6778.


Please note the Counterparty Name correction below:

CP/ID 754 - Bonneville Power Administration corrected on the spreadsheet
below from Bonneville Power Association.

Rgds.

Samuel x3-9890
(GCP_Enron Networks)

From: Tana Jones on 03/15/2001 06:36 PM
To: Samuel Schott/HOU/ECT@ECT
cc:
Subject: Re: EOL approvals, 3-8-01 _ GCP Response

Sam,

I think counterparty ID# 754 is Bonneville Power Administration, not
Bonneville Power Association.

	Samuel Schott
	03/08/01 05:32 PM

		 To: Walter Guidroz/ENRON@enronXgate @ ENRON, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant
Reves/ENRON@enronXgate@ENRON, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/ENRON@enronXgate@ENRON, Cynthia
Clark/ENRON@enronXgate@ENRON, Enron Europe Global Contracts and
Facilities@ENRON, Enron Europe Global CounterParty/LON/ECT@ECT, Stephanie
Sever/HOU/ECT@ECT, Tom Moran/ENRON@enronXgate@ENRON, Claudia
Clark/HOU/ECT@ECT, William S Bradford/ENRON@enronXgate@ENRON, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim
Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/ENRON@enronXgate@ENRON, Kelly Lombardi/NA/Enron@Enron, Brian
Lindsay/Enron Communications@Enron Communications@ENRON, EOL Call
Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Amy
Heffernan/Enron Communications@Enron Communications@ENRON, Molly LaFuze/Enron
Communications@Enron Communications@ENRON, Danny Clark/Enron
Communications@Enron Communications@ENRON
		 cc:
		 Subject: Re: EOL approvals, 3-8-01 _ GCP Response

Any GCP adjustments will be highlighted in red.

Rgds.

Samuel x3-9890
(GCP_Enron Networks)

From: Walter Guidroz/ENRON@enronXgate on 03/08/2001 05:24 PM
To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/ENRON@enronXgate,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/ENRON@enronXgate, Cynthia Clark/ENRON@enronXgate, Enron Europe
Global Contracts and Facilities@ENRON, Enron Europe Global
CounterParty/LON/ECT@ECT, Stephanie Sever/HOU/ECT@ECT, Tom
Moran/ENRON@enronXgate, Claudia Clark/HOU/ECT@ECT, William S
Bradford/ENRON@enronXgate, Lisa Lees/HOU/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT,
Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Tim Davies/LON/ECT@ECT,
Karen O'Day/NA/Enron@Enron, Tanya Rohauer/ENRON@enronXgate, Kelly
Lombardi/NA/Enron@Enron, Brian Lindsay/Enron Communications@Enron
Communications, EOL Call Center@ENRON, Bernice Rodriguez/HOU/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Amy Heffernan/Enron Communications@Enron Communications,
Molly LaFuze/Enron Communications@Enron Communications, Danny Clark/Enron
Communications@Enron Communications
cc:
Subject: EOL approvals, 3-8-01

Please see attached.


which book? and are you calling me a hen?

K


-----Original Message-----
From: 	Lawner, Leslie
Sent:	Wednesday, September 05, 2001 12:07 PM
To:	Miller, Stephanie
Cc:	Cantrell, Rebecca W.
Subject:	FW: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

I thought you understood from my email and phone call that I was going to track down El Paso's interpretation of the 24 hours recall rights.  Regulatory treatment of the 58 million by PG&E is a CPUC issue.  I just talked to Becky and I don't have a good response to the question of whether our capacity could replace expansion capacity in light of the dueling recall rights, but I will think about it and talk to Becky some more.

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Tuesday, September 04, 2001 11:04 AM
To:	Miller, Stephanie
Cc:	Cantrell, Rebecca W.
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

As to the 24-hour recall, I can only tell you what the FERC order says, I have no special knowledge of how El Paso and the parties intended the 24 recall to work.  The order is fairly terse, and just says "and if it so recalled (by PG&E), that Enron may further recall the capacity for its own use in the PG&E  service territory upon 24 hours notice."  The language says to me that you can recall it 24 hours before you want to use it.  However, I can call El Paso and find out how they interpret it.

As to the "traditional rate making" valuation of the $58 million, I have to confess I don't understand what you mean.  PG&E paid the 58 million as part of a negotiated settlement.  Typically that is part of a black box settlement, meaning that revenue dollars are not tracked to particular costs.  We can pull the settlement and see if it stipulates some sort of treatment, but I would doubt it.  If your question relates to how PG&E is tracking that expense in a regulatory sense, perhaps Jeff Dasovich can find out.

 -----Original Message-----
From: 	Miller, Stephanie
Sent:	Tuesday, September 04, 2001 8:17 AM
To:	Lawner, Leslie
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

When is the 24 hour notice on re-recall effective - 24 hours from the day of recall (varies depending on term) or 24 hours before the recall is supposed to start?

How would you value what's left of the $58 million that PG&E paid based upon traditional rate making policies? I believe there are at least 5 years left on the term of the settlement.

Please call if you have any questions,

Regards,

Stephanie

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Thursday, August 30, 2001 1:19 PM
To:	Miller, Stephanie; Cantrell, Rebecca W.
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

Here is a short memo.  do you need more?
 << File: Stephaniememo.doc >>

 -----Original Message-----
From: 	Miller, Stephanie
Sent:	Thursday, August 30, 2001 11:28 AM
To:	Lawner, Leslie
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

We you able to pull together a clear, definitive conclusion on how the RE-recall rights work?
I was not able to - hence my mission for greater clarification of specifics....

 -----Original Message-----
From: 	Lawner, Leslie
Sent:	Thursday, August 30, 2001 12:26 PM
To:	Miller, Stephanie; Cantrell, Rebecca W.
Subject:	RE: June 11 order on Rehearing: RP00-241-000 and RP00-241-004

I looked over all the orders and the contracts and I agree with both of your interpretation of the recall rights of Block II.  PG&E did not make a very smart deal for $58 million.
 -----Original Message-----
From: 	Miller, Stephanie
Sent:	Friday, August 24, 2001 8:27 AM
To:	Cantrell, Rebecca W.; Lawner, Leslie
Subject:	June 11 order on Rehearing: RP00-241-000 and RP00-241-004

Page 12 talks about Recall rights - good discussion but still short on re-recall rights.


- 1_Amendments for ABX-18 - version 1-30-01.doc


Please increase deliveries to Eastrans to 7500 MMBtu/dy effective 10/19/00.

The redeliveries will be 7500 MMBtu/dy from Fuels Cotton Valley into HPL.


Hazardous waste fees were submitted to the state of Arizona.

Emissions fees were submitted to the state of New Mexico For C/S's 7,8,9,
Atoka No. 3 and Bloomfield.

Submitted to the state of Texas an admisistraitve revision for the "like for
like" replacement of an IC engine at Irion Co. No. 1 C/S.  To meet the
requirements of 2 gms for NOx, a catalytic converter has been installed on
the replacement unit.

Submitted to the state of New Mexico notification of a "like for like"
replacement  of an I/C engine at Atoka No. 2 C/S.

A revised Title V application was submitted to Region VI, EPA for C/S No. 6,
Laguna.

The emissions inventory for the TW Keystone C/S was submitted to the state of
Texas.

The spreadsheet development for the EOTT tanks in the Midland Region has
slowed down.  Six of 13 teams have responded with tank information.  A
request was made to Scott Clark, Regional Director,  to assist in notifying
the teams of the importance of submitting this data.


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/12/2000 12:27
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     12/12/2000 11:14 AM

To: undisclosed-recipients:;
cc:
Subject: DJ US Energy Secretary Warns Pwr Producers In West On Prices

18:59 GMT 12 December 2000 DJ US Energy Secretary Warns Pwr Producers In
West On Prices
WASHINGTON (Dow Jones)--As California's electricity system teeters on the
brink of collapse, U.S. Energy Secretary Bill Richardson warned power
producers not to attempt to take advantage of the power-supply crisis.
"I am very concerned about the condition of power markets in the West.
Electricity supplies in parts of the region are tight and prices charged for
wholesale power in the region continue to spiral out of control," Richardson
said in a press release late Monday.
Richardson urged power providers not to attempt to take advantage of the
crisis by price gouging.
"While I have no specific knowledge of any such activities, it is important
that generators located throughout the region and in Canada and Mexico
understand that the administration won't tolerate any actions designed to
take advantage of the situation," Richardson said.
The energy secretary criticized a decision by Kaiser Aluminum Corp. (KLU) to
shut down an aluminum smelter in the Pacific Northwest that receives
low-cost power from the Bonneville Power Administration and resell that
power in open markets for a profit of $52 million.
"I have instructed Bonneville to explore all necessary actions to prevent
Kaiser from remarketing this power," Richardson said.

   -By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com

(END) Dow Jones Newswires 12-12-00
1859GMT Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.


Peggy Fowler should have someone from PGE calling you.  If they don't please let me know.


I have asked Jeff Golden and Don Miller.  Don is leaning towards giving UBS a purchase option at fair market value.  Though I haven't heard from Jeff, he could decide to "give" UBS the FF&E now, but he'd probably need to trade it for something else he wants.

-----Original Message-----
From: Belden, Tim
Sent: Tuesday, February 05, 2002 6:22 PM
To: Daniels, Eddy; Kitchen, Louise
Subject: More Portland Issues

It was just brought to my attention by Dave Steiner that the Estate will continue to own the F(urniture), F(ixtures), and E(quipment) and that UBS will be able to use it for free so long as we are in this building.

As you both know, it is possible that we will move from this floor and would like to take a good portion of the FFE with us.  My understanding is that Enron is leasing the furniture in Houston and owns the furniture in Portland.  Therefore, it makes sense for the Houston office to continue to use the furniture but not move it.  It doesn't make as much sense here as it will be expensive for the Estate to dispose of the furniture here and it will be even more expensive to move it to sell it.

Here's the issue -- the Estate should convey the furniture in Portland to UBS.  Is this possible?  What do we need to do to make this happen?


Any way to break this out by commodity, with a summary column?

Don

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Thursday, January 17, 2002 4:01 PM
To:	Sager, Elizabeth; Miller, Don (Asset Mktg); Shackleton, Sara; Albrecht, Kristin
Cc:	Bradford, William S.; Brackett, Debbie R.
Subject:	FMTM by counterparty as of 11/30/01

All,

Attached is the 11/30/01 file which is probably the best information we have.  I have screened it so that it only includes those counterparties with financial mark to market exposure.  Additionally, I screened out all Enron entities except for ENA, ECC, and EPMI.  While I cannot guaranty that the data is completely accurate, it should give you the starting point you need to proceed with processing/prioritizing financial terminations.  Obviously, the values will be different from what is specified here based on the Termination Date specified by each counterparty.

Thanks,
Tanya

 << File: ALL EXP COB 11 30 011_fmtm.xls >>


Charles --

I fully agree that we must integrate the NERC plans and systems (or
improvements to the NERC model) into our RTO model.  I hope that is something
you can coordinate with the project as this develops.

Thx,

Jim

To: James D Steffes/HOU/EES@EES
cc: Jeff Brown/HOU/EES@EES, Janine Migden/DUB/EES@EES, Joe
Hartsoe/Corp/Enron, Ron McNamara/HOU/EES@EES, Steve Montovano/DUB/EES@EES,
Dan Staines/HOU/ECT@ECT@EES, Robin Kittel/HOU/EES@EES, Sarah
Novosel/Corp/Enron, Kerry Stroup/DUB/EES@EES, Christi L
Nicolay/HOU/ECT@ECT@EES, Steve Walton/HOU/ECT@ECT@EES, Tom
Delaney/Corp/Enron, Howard Fromer/HOU/EES@EES, Daniel Allegretti/HOU/EES@EES,
Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES
Subject: Re: Transmission / Wholesale Market Regional Plans

Jim a BIG external factor that is directed to the item (2) ISO Systems &
Procedures:

At the NERC Electronic Scheduling Task Force meeting today, there was
considerable discussion on how this Task Force (which was formed before the
OASIS ANOPR was posted) would coordinate on an industry-wide basis, a NERC
response to the OASIS Phase II ANOPR.

Here are some important points a FERC Staff member (Marv Rosenberg) made at
the meeting.  These should be kept in mind in developing the Enron proposal
and the process of getting buy-in in each of the Regions/RTOs.

-  FERC prefers a single industry consensus filing.
-  The ANOPR is intended to tie RTO Order 2000 together with new OASIS II
requirements
-  Does not preclude individual RTOs or entities from submitting proposals.
However a diversity of filings will indicate   non-consensus and FERC will
make its own decisions which will likely not be industry friendly.

FERC is asking the industry for communication and Business Practices
standards for issuing in a NOPR.

FERC is looking for:
- more functionality and to be more user-friendly
- electronic scheduling
- electronic reservations
- reduce duplication of information entry for customers
- not intended to dictate the Control Area to Control Area communications
 I asked Marv to clarify this - He explained that although not required, FERC
welcomes propsals to address the control area   source/sink issues as part of
an OASIS II solution (ie Entergy Source/Sink Order)

OASIS II should:
- continue use of Web browsers
-  use templates for file transfers (uploads and downloads)
- all displays do not have to look the same - but encourages a common look
and feel
- within a RTO, business practicese may differ, but between RTOs the
practices must be standardized

We need to keep close to the NERC efforts since FERC has historically tended
to favor NERC proposals because they tout an air of industry consensus.

The clarificaton to the ANOPR given by Marv should make buy-in an important
element of our proposal.
If FERC adopts the NERC filing, we will likely be stuck with the exisiting
contract path seams problems and LMP fragmentation in the East because NERC
is not proposing any tariff changes.  Also we will not get the control area
source/sink issue resolved since it will be impossible to resolve at NERC in
7 months.

Of course, another option would be to incorporate our efforts with this Task
Force.

James D Steffes@EES
08/02/2000 05:52 PM
To: Jeff Brown/HOU/EES@EES, Janine Migden/DUB/EES@EES, Charles
Yeung/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Ron McNamara/HOU/EES@EES,
Steve Montovano/DUB/EES@EES, Dan Staines/HOU/ECT@ECT, Robin
Kittel/HOU/EES@EES, Sarah Novosel/Corp/Enron@ENRON, Kerry Stroup/DUB/EES@EES,
Christi L Nicolay/HOU/ECT@ECT, Steve Walton/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Howard Fromer/HOU/EES@EES, Daniel
Allegretti/HOU/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES
Subject: Transmission / Wholesale Market Regional Plans

1. I appreciate everyone who participated in the call today.  I think that
the discussion proved that we can find consensus on a reasonable approach for
transmission pricing and energy markets.

2. To make more clear about the Regional Plans, I think that we need to
consider the following.

A. BACKGROUND

Timelines of Current Process
Current Players & Current Positions
Allies
Key Issues now facing the process

B. MOVING FORWARD

Top Issues upcoming
External Factors (e.g., will Entergy join SPP)
Resource Needs
Relationship to Commercial Objectives / Business Plans

C. OTHER ISSUES / CONCLUSION

I hope this helps set an outline for the Regional Plans.  The key idea is
that I want to make sure everyone has a calendar of where we are going and
what issues need to be addressed.  Don't be shy about adding other topics and
issues.  We need to have this to communicate within our group and to the
commercial people.  I don't expect this to be easy, but I think that it will
be helpful.

3. I think that we need to put more detail around the entire structure.  This
would entail developing four things (1) a tariff, (2) ISO Systems &
Procedures, (3) Day Ahead PX Energy Market, (4) Transmission Flowgate PX
Market.  These are the four building blocks to a New Marketplace.

My hope is for Enron to put these things out in a detailed framework using
"off the shelf" material.  I know that Tom Delaney has already started
working on a tariff.  I think we could adapt the Cal PX model into point 3.
We could probably use the APX Flowgate System for point 4.  On the ISO, maybe
we could go to ESCA and have a Detailed Scope / Work Plan and fees on setting
up an ISO (including costs of operation over time).  It would make sense to
me to do this very formally (including setting energy market zones and
defining the commercially significant Flowgates).  I would use the MISO as
the market to focus on, but am willing to listen to other thoughts.

Please let me know what everyone thinks.

Jim


---------------------- Forwarded by Richard Broussard/Corp/Enron on
11/28/2000 07:10 AM ---------------------------

Ron Dennison@ENRON_DEVELOPMENT
11/27/2000 04:04 PM
To: Richard Broussard/Corp/Enron@ENRON
cc: Jon Cathers/Corp/Enron@ENRON

Subject: CTG3

Richard,
Pat just informed me that you need numbers for starts and hours on Unit 3.
Unit 3 had MarkV problems in the past that needed to be corrected by shutting
down the system.  This erased any historical information that the machine had
stored.  Unit 4 and 3 were started up within one or two days apart. There
should be minimal difference between the two of them. We ran units 3&4 as
brother and sister during the first year of operation, so I would feel very
confident with the following numbers.
Fired Hours- 738
Fired Starts- 105
Emergency Stops- 5
Peak Fired Hours-8
Total Starts- 123
If you need further assistance please let me know. Ron D.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
01:09 PM ---------------------------

Vince J Kaminski
01/23/2001 01:06 PM
To: "Valery Kholodnyi" <vkholod1@txu.com> @ ENRON
cc:
Subject: Re: The Package

Valery,

Thanks a lot. I have received the package last week.
I was traveling and I did not have time to take a  closer look at it yet.

I think about a trip to Dallas sometimes in the first few days of February. I
hope you will find time for lunch. I will contact you later this week
regarding the date.

Vince

"Valery Kholodnyi" <vkholod1@txu.com> on 01/22/2001 05:59:53 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: The Package

Dear Vince,

Could you please acknowledge receipt of the package with a copy of my article
on
spikes in power prices, as well as copies of my books and some of my other
relevant articles , that I recently sent to you.

I look forward to hearing from you.

Sincerely,
Valery


Ben:
I am putting together a presentation for FPL and we are going to show them
our potential development sites.  Who do I talk to to just get the different
locations?  I am trying to get a draft to Ozzie tonight.  Thanks
Ben
3-7998


see yesterday's and today's chronicle  re: price gouging by in-state,
municipally-owned utility generators.  will be interesting to see if any
anti-trust claims start flying their way.  see you this weekend.

Best,
Jeff


10:30 tommorrow.
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 01/30/2001
05:56 PM ---------------------------

Yolanda Pena@ENRON
01/30/2001 05:28 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Re: Meeting

That meeting will take place in 2166, Kim Theriots office.

Thanks for all of your help.


Tana:

None of the following CPs are authorized to trade US power -- restricted by
credit:

Missouri Gas Energy a division of Southern Union Company
Southern Union Gas Company a division of Southern Union Company
Central Soya Company, Inc.
Linpac, Inc.
National Gypsum Company
The Bakersfield Californian

Leslie


I spoke with Ashley yesterday.  Awaiting NG's filing.  No plans right now.  Will keep you in the loop.

Jim

 -----Original Message-----
From: 	Steffes, Darla
Sent:	Friday, November 02, 2001 9:29 AM
To:	Steffes, James D.
Subject:	FW: Conferernce Call with Ashley Brown

 -----Original Message-----
From: 	Maurer, Luiz
Sent:	Friday, November 02, 2001 5:46 AM
To:	Steffes, Darla; Roan, Michael
Subject:	Conferernce Call with Ashley Brown

Jim

Any follow up from the conference call? I had to disconect because I was catching a plane

LM


Hi Karen,

Sorry I haven't sent the notice.  Brain cramp or something.

When are you here next week?

Kay

Karen E Jones@ECT
02/22/2001 12:22 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: TurboPark PSA

Dale's probably a likely suspect.  Any luck finding your form of notice to
exercise option to take down the equipment??  Please share if it's handy!
Thanks.

I'll be in Houston next week;  I'll find you to say hi.

KJ

Kay Mann@ENRON
02/22/2001 09:54 AM
To: Barton Clark/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Carlos
Sole/NA/Enron@Enron
cc:
Subject: TurboPark PSA

Hi there,

Does anyone have a Finance/Accounting blessed professional services agreement?

Thanks,

Kay


Good morning,

Can we talk about an "model" to move commodity over enron on line by UBS?

Have a "niche" marketing approach that have short and long term growth
potential under the "right" management team. Need your insight and
involvement on the lay of the land.

A. Bernard
301-949-4116


Kathy,

Could you please accommodate Karen's request?  If you would like, you can
just send it to me and I will get it to her.  If you have delivered my
original to me I can make make her a copy.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/18/2000 09:09
AM ---------------------------

Karen E Carter
08/17/2000 04:43 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: WestLB Equipment Contracts

Kay,

I was wondering if it might be possible to obtain a copy of the Transformer
contract executed with ABB as well as any change order contracts which were
submitted to GE?  If you're not the person from whom I should request this
information, could you please point me in the right direction?  Thanks.

Karen


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From this mornings morning meeting, it is my understanding that the gas from
McMullen into Humble (then King Ranch) will ve lowered due to line pigging
for the next few days.  Please keep in mind that there are interstate sales
out of King Ranch.  You may want to notify the traders that there will not be
as much supply in King Ranch to meet these sales.

I have estimates for the sales and supply for the 27th.

Total Interstate sales out of the King Ranch Gas Plant = 26,422 MMBtu

Total Supply (less PVR) =

Cage Ranch  = 37,600
Forest Oil  =  3,696
LaEncantada  =     767
Big Cowboy  = 34,697
Three Rivers(Current) = 18690

Total Supply For Sale on 27th.    = 95,450 MMBtu

These supply volumes are based on the Supply Deals in the Unify system.  If
there are variances operationally, then the Sitara Supply Deals should be
lowered appropriately.


Charles Schwab & Co., Inc.

       Morning Market View(TM) for Friday, October 19, 2001
                       as of 9:30AM EDT
 Information provided by Schwab Center for Investment Research

================================================================

SOFT OPEN FOR MARKETS AMID CAUTIOUS GUIDANCE

Markets are poised to open lower, despite largely positive
earnings results, as many corporations offered cautious guidance
going into the holiday season. This morning's consumer price
index data were generally in line with expectations.

In equities news, software giant Microsoft (MSFT,57,f1) reported
a fiscal 1Q profit, excluding charges of $0.43 per share,
beating the First Call consensus of $0.39 per share as sales
rose 6% to $6.13 billion. Including the charge for investment
writedowns, net income actually fell to $0.23 per share. Going
forward, Microsoft said it sees profits for the current quarter
at $0.49-$0.50 per share, a penny or two shy of the First Call
consensus estimate of $0.51 per share, on sales of $7.1-$7.3
billion. Despite upcoming shipments of its Windows XP operating
system software and Xbox video game units, the company forecast
sluggish PC sales in 2Q as a result of September's terrorist
attacks.

Network computer maker Sun Microsystems Inc. (SUNW,8.88,f1) said
it incurred a fiscal 1Q loss of $0.05 per share, excluding
items, $0.01 better than the First Call consensus estimate. The
company said sales were sluggish already in the midst of a
slowing economy, but last month's terrorist attacks exacerbated
the slowdown. Sun gave no outlook for the current quarter,
saying it will discuss expectations at its regular mid-quarter
conference call during the first week of December.

Fiber optic cable giant Corning (GLW,8.02,f2) reported 3Q
profits, excluding charges, of $0.09 per share, triple the $0.03
per share First Call consensus estimate, but sales declined 21%.
Corning said demand for its telecommunications products waned
and that it will likely miss the 4Q First Call consensus
estimate of $0.06 per share, saying it now expects to incur a
loss of between $0.20-$0.25 per share.

Internet auction vendor eBay Inc. (EBAY,59,f1&f4) posted 3Q
earnings, excluding costs, of $0.12 per share, $0.01 ahead of
the Street's mean forecast as revenues rose 71%. The company
raised its 4Q revenue estimate by roughly $5 million and
increased its earnings forecast by $0.02 per share, but eBay
expressed concern about the potentially sluggish upcoming
holiday season.

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

TREASURY AND ECONOMIC SUMMARY

Bonds were higher but had a fairly subdued reaction to the
release of this morning's September Consumer Price Index, which
rose 0.4%, according to the Labor Department. The core index,
which excludes food and energy, rose 0.2%. Analysts per Dow
Jones Newswires were expecting 0.3% and 0.2% increases
respectively. The rise in the overall CPI was mainly attributed
to a 2.6% rise in energy costs as gasoline prices spiked higher
during the month. However, energy prices have since declined
substantially and the relatively benign inflation backdrop
remains conducive to further monetary easing.

In other economic news, the August U.S. trade deficit shrank
more than expected, coming in at $27.11 billion, as exports grew
1%, while imports declined 1.1% as business and consumer
spending waned, according to the Commerce Department. Analysts
per Dow Jones Newswires were expecting the trade gap to rise to
$29 billion.

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

WORLD MARKETS

European markets retreated following the release of this
morning's German IFO business sentiment index for September,
which dropped to its lowest level in almost eight years. The IFO
index fell to 85 from August's 89.5, below economist's
expectations, and the future prospects component fell to 90.6
from August's 95.9. The dismal report pressured the euro, which
dropped against the dollar, and stoked speculation of further
interest rate cuts by the European Central Bank, amid a
deteriorating economic landscape. An upbeat earnings report from
Nokia Corp. (NOK,18.78,f2) offered little in the way of a
reprieve, even though the company posted a smaller-than-expected
3Q loss and forecast a recovery for wireless handset sales in
4Q. The Bloomberg European 500 Index was down 1.58% as of 8:54
a.m. EDT.

Asian markets were mixed, with Japan's Nikkei-225 Index closing
up 0.6% on strength in technology and pharmaceutical stocks. The
yen was virtually flat against the dollar, even as the Japanese
government put together a supplementary budget of 3 trillion yen
to address the waning economy and lingering unemployment. Crude
oil advanced modestly off its fresh two-year lows reached
yesterday, but OPEC substantially reduced its estimate of global
demand for crude for 4Q and fiscal year 2001.

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

FUTURES WATCH

In the December Globex futures contract as of 8:54 a.m. EDT, the
S&P 500 Index was down 5 points (2 points below fair value),
while the Nasdaq 100 Index was down 14.5 points (6 points below
fair value). The December DJIA futures contract was down 33
points (15 points below fair value), and the November crude oil
futures traded on the NYMEX were down $0.20 at $21.51/barrel.

William Johnson, Market Analyst

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Deal has been corrected to reflect CAISO energy


Following please find the Daily EnronOnline Executive Summary.

EnronOnline Executive Summary for 12/07/00
Transaction Summary
External Transactions Today	4,125
Average Daily External Transactions (30 day Trailing Avg)	4,281
Total Life to Date Transactions	508,065

EnronOnline Daily % of Entity's Total Transactions for 12/07/00	Trans	Percent
Enron North America	3,377	77%
Enron Europe Limited	200	35%
Global Products	180	32%
Enron Metals	368	15%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	55%

Gross Notional Value of EnronOnline Transactions	Total
Today	3,261,738,861
MTD	25,090,717,613
LTD	304,261,134,658
Average Daily Notional Value (30 Day Trailing Avg)	3,342,091,949

Notional Revenue from Physical Flows to Date	19,976,883,663

Counterparties, Users, and Products Offered
Counterparties having transacted to date	598
New Counterparties transacting for the first time today	2
Number of Products Offered Today	1,048
Total Number of External Users Logged on Today	3,215
Average # of External Users logged on (30 day Trailing Avg)	2,941


Maria, please take a look at this list of "Reference Entities" and the
attached memo.  I doubt we have any reason to knock out any of the listed
entities based on legal controversies, etc., but its worth a check .  From
the attached memo, it looks like a more likely reason to disqualify an entity
would be credit problems or some other commercial issue.  I'm in a bind today
and out the rest of the week so it would be helpful if you could pick this
ball up in my absence.   Please get back to me and Mike with the results of
your analysis.  Thanks.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/29/2000
11:44 AM ---------------------------

Michael Moran
02/29/2000 08:28 AM
To: Rod Hayslett/FGT/Enron@ENRON, Dorothy McCoppin/FGT/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON
cc:

Subject: EnronOnline Credit Derivatives Propsoed Reference Entities

Please see the attached memos and let me know if you see any problem with any
of the entities on the list.
---------------------- Forwarded by Michael Moran/GPGFIN/Enron on 02/29/2000
08:26 AM ---------------------------

	From:  Mark Taylor @ ECT                           02/28/2000 04:53 PM

To: Michael Moran@ENRON, Kristina Mordaunt/Enron Communications@Enron
Communications, Vicki Sharp/HOU/EES@EES, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark E Haedicke/HOU/ECT@ECT

Subject: EnronOnline Credit Derivatives Propsoed Reference Entities

As we discussed, attached is the new list of proposed reference entities.  I
have also attached my previous memo outlining the propsosed business and our
concerns.


A Merry Christmas wish to you and yours.  I still miss you much Bill.  Have
a safe and warm Holiday.


This is an automatically generated Delivery Status Notification.

Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination.

       dina.omeara@dowjones.com
       john.edmiston@dowjones.com
       gas_daily@ftenergy.com

--------- Inline attachment follows ---------

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=PKEAVEY>
To: Dowjones1 (E-mail) <dina.omeara@dowjones.com>, Dowjones2 (E-mail) <john.edmiston@dowjones.com>, Gas Daily (E-mail) <gas_daily@ftenergy.com>, Iferc1 (E-mail) <kelley_doolan@mcgraw-hill.com>, Iferc2 (E-mail) <liane_kucher@mcgraw-hill.com>, NGI (E-mail) <prices@intelligencepress.com>
Date: Friday, October 19, 2001 7:10:30 GMT
Subject:


Here are the O&M figures for the 2000s.  One page has the
2000 actuals / estimates.  The other has the 01 budgets.
 Please review for corrections or changes.  You can reach
me at home at 713-995-1286 or on my pager at
1-888-I-DON'T-HAVE-ONE.  Actually Paula said she's
getting me one.

Jon

 - Gleason O&M.xls
 - Lincoln Energy Center O&M.xls
 - Wheatland O&M.xls


done :)

 -----Original Message-----
From: 	Forney, John M.
Sent:	Wednesday, October 24, 2001 10:15 AM
To:	Ochsner, Preston
Subject:	RE: ERCOT Swap

thanks,   tell these guys to trade it up!

 -----Original Message-----
From: 	Ochsner, Preston
Sent:	Wednesday, October 24, 2001 9:58 AM
To:	Forney, John M.
Subject:	ERCOT Swap

John,

Your new daily swap seems to be generating a lot of interest. I've gotten calls from friends at both Reliant and Dynegy in the last 24 hours about it.

Good job.


When: Thursday, October 18, 2001 9:00 AM-11:00 AM (GMT-06:00) Central Time (US & Canada).
Where: EB 50 M03

*~*~*~*~*~*~*~*~*~*

On behalf of Linda Roberts,

	A meeting has been scheduled to discuss Texas General Land Office Management Proposal.
	This meeting will take place as follows:

						Thursday, October 18, 2001
					              9:00 AM - 11:00 AM
							Enron Corp.
							1400 Smith
						  Houston, TX  77002
						              EB 50M03 (50th floor)

	If you have any questions, please contact Linda Roberts @ (713) 345-4972.

Thank you,

Irena Hogan
Sr. Administrative Assistant
(713) 853-6143


---------------------- Forwarded by Tracy Geaccone/GPGFIN/Enron on 02/21/2001 10:06 AM ---------------------------

Rod Hayslett

02/21/2001 06:49 AM
To:	Tracy Geaccone/GPGFIN/Enron@ENRON
cc:

Subject:	ETS Approved Capital budget

FYI
---------------------- Forwarded by Rod Hayslett/FGT/Enron on 02/21/2001 06:51 AM ---------------------------

 	Karl Jackson @ EOTT 02/20/2001 11:23 AM

To:	Rod Hayslett/FGT/Enron@Enron, Morris Brassfield/OTS/Enron@Enron, Barney Brasher/FGT/Enron@Enron
cc:	Dana Gibbs/Houston/Eott@Eott, Lawrence Clayton/Houston/Eott@Eott, Lori Maddox/Houston/Eott@Eott, Tam Markley/Houston/Eott@Eott, Bruce Connolly/Houston/Eott@Eott, Susan Ralph/Houston/Eott@Eott

Subject:	ETS Approved Capital budget

The attached file contains the approved capital budget for Enron Pipeline Services Company.  Please note that Dana has indicated that no more than 25% of total capital expenditures should occur in any one calendar quarter and that West Coast expenditures should be deferred until the third quarter of 2001.  If you have any questions, please contact me.

Thanks
Karl Jackson
713-993-5402


We need a back up plan for when you are away because Kim is away too.

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


----- Forwarded by Steven J Kean/NA/Enron on 03/15/2001 10:07 AM -----

	eserver@enron.com
	03/14/2001 11:54 AM

		 To: "Steven.J.Kean@enron.com" <Steven.J.Kean@enron.com>
		 cc:
		 Subject: <<Concur Expense Document>> - AMEX - 02/02/01

The following expense report is ready for approval:

Employee Name: Mark A. Palmer
Status last changed by:  Automated Administrator
Expense Report Name: AMEX - 02/02/01
Report Total: $8,222.28
Amount Due Employee: $8,222.28

To approve this expense report, click on the following link for Concur
Expense.
http://nahou-wwxms01p


Dutch - there is a mess with Fimat and since you used to run John's book and may see something in this situation I do not, I wondered if you could give me any feedback in this before I send it to Deffner.  Thanks, Sarah

On Tuesday, Oct. 30 Warren Tashnek (Fimat Houston) and Steve Forman (Fimat NY) telephoned me to inform Enron that Fimat cut its trading lines from $20 million to $11 million for Enron.  This cut is irrespective of the $20 million credit limit we have from Soc Gen for the margin line.  (Soc Gen is the bank that owns Fimat brokerage.)  Fimat made this decision based on the following events according to Steve:

Thursday 10/25
ENE positions were expitted from ABN to Fimat.  The positions came from existing positions at ABN, JP Morgan, SSB and Goldman Sachs.  Generally brokers agree how to handle expitting of trades including the transfer of cash associated with the moving of the trades.
Specifically a major issue evolved with ABN and Fimat.  In this case, Fimat agreed with ABN to transfer the trades at the trade price and then rebook them at the trade price.  There was a $10 million variation margin associated with this transfer of trades at the trade price which ABN agreed to send on Friday to Fimat.  Since Fimat agreed to accept the trades at the trade price, Fimat was exposed in the event that ABN did not send the $10 million on Friday.  If Fimat had agreed to transfer the trades at the settlement rate instead of the trade price then Fimat would not have been exposed for $10 million in variation margin on Thursday night.

Friday, 10/26
On Friday, Fimat did not receive its $10 million from ABN as agreed.  When Fimat called ABN, ABN told Fimat that ENE called ABN and instructed ABN to send the money directly to ENE.  This left Fimat exposed for $10 million on behalf of Enron.
On Friday morning, Fimat brokerage statements showed that ENE was owed $28 million by Fimat.  Fimat sent $5.7 million to Soc Gen to pay down the Soc Gen margin line for Enron.  This left $22 million available for ENE but Fimat wanted its $10 million.  This led to confusion between Enron and Fimat.
On Friday, there was a conversation between Fimat NY and Fimat Montreal.  Fimat Montreal asked Fimat NY to take positions on behalf of ENE.  The number of positions and the variation margin associated with these positions were undisclosed.
Very late on Friday, HSBC tried to transfer Canadian positions to Fimat Canada without an account for Enron at Fimat Canada.
Based in the bad press on Enron and the gossip in the financial community right now, Fimat NY told Fimat Montreal to refuse the transfer.
Fimat wants to know why Enron is expitting trades from bigger brokerage houses that have increased risk allocations fro Enron.  Fimat is uncomfortable with these events.

Monday, 10/29
Fimat decides it wants an explanation from Enron.  Fimat wants to reassess the brokerage statements and double check both the amount of money transferred to them and also the positions transferred.  Fimat informed Enron that it would not move money based on brokerage statements alone.  Fimat would not confirm to Enron what amounts of money should actually move until later in the day.  This does not work for Enron as we must inform our Treasure by 8:00 am as to what cash transfers will occur.  Under our current loan agreement with Soc Gen, Fimat informs Soc Gen by 12:00 noon if money should move so Fimat is changing its way of doing business with Enron based on its discomfort with ENE as a counter party.

Tuesday, 10/30
100 positions were expitted to Fimat to offset the gas positions from ABN.

Fimat proposed solutions
$3 million T-bill posted to Fimat as collateral on ENE behalf
Guarantee to Fimat with respect to trading from ENE (although ENE has already posted guarantee to Soc Gen for margin line)
ENE to convince Soc Gen to guarantee to Fimat that Soc Gen will make payments on ENE's behalf

My tkae on the situation:
Fimat is upset based mainly on Enron's handling of expitted trades and bad press.  I told Fimat that I believed the reason trades were expitted to Fimat was that ENE wanted to move its positions to brokers who were offering margin lines to ENE.  I promised to look into our handling or mishandling of the situaiton but it seems that disorganization rather than ill intent was responsible for Fimat's inconveniences.   I explained that Enron is prepared neither to mediate between Soc Gen and Fimat nor to cause Soc Gen to make payments to Fimat on our behalf.  That issue should have been resolved when the amrgin line was set up and the payment mechanism has been working fine so far.  As far as the confusion with ABN, we were not party to the discussions betweeen Fimat and ABN and can not make any comment to that.    Finally we can not make margin payments to Fimat when we do not have proper notice time.  I am sorry that there is bad press out there but I do not think we should give Fimat special permission to comb through our statements on an on going basis.  This may have been necessary for them earlier this week but they need to get their act together and get the proper number to us early in the morning like all the other brokers.

We need to determine how much we need Fimat right now.  I am not inclined to entirely blow them off especially sinces I  do not want them to tell other brokers that we are acting strangely and hurt our reputation further right now.  At the same time, no one around Enron needs more work right now and we can not hold a high maintenance broker's hand hand every step of the way.  Let's decide what to do and implement.

Sarah


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MORNING HIGHLIGHTS:

ON THE HILL: The odds for quick Senate action on economic stimulus dimmed.

E-COMMERCE: A House committee will revisit the issue of Internet gambling.

BUDGET: The House passed a spending plan that would last until Nov. 16.

ON THE HILL: Two key Democrats vowed to continue their push for making
homeland security a Cabinet-level responsibility.

ALSO ON NATIONALJOURNAL.COM:
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   http://nationaljournal.com/members/news/2001/10/1026nj1.htm

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scary.

 -----Original Message-----
From: 	"Foster, Gary" <GFoster@Antigenics.com>@ENRON [mailto:IMCEANOTES-+22Foster+2C+20Gary+22+20+3CGFoster+40Antigenics+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, August 28, 2001 12:22 PM
To:	John and Shelly Allen (E-mail); Bill Brewbaker (E-mail); Burgher, Cedric; Ben and Shannon Coes (E-mail); Gordon Garrison (E-mail); Preston Garrison (E-mail); Logan and Jennifer Garrison (E-mail); Carol and Mike Hensley (E-mail); David and Charlene Gowdey (E-mail); Steffes, James D.; Grey and Allyson Terry (E-mail); Chris Wrede (E-mail)
Subject:	FW: Only in America

-----Original Message

Jessie Jackson has added former Chicago democratic congressman Mel Reynolds to the Rainbow/PUSH Coalition's payroll. Reynolds was among the 176 criminals excused in President Clinton's last-minute forgiveness spree. Reynolds received a commutation of his six-and-a-half-year federal sentence for 15 convictions of wire fraud, bank fraud & lies to the Federal Election Commission. He is more notorious; however, for concurrently serving five years for sleeping with an underage campaign volunteer.
-
This is a first in American politics: An ex-congressman who had sex with a subordinate and won clemency from a president who had sex with a subordinate, then was hired by a clergyman who had sex with a subordinate. His new job? Youth counselor.
God Bless America.


GT,   That sounds great on the house. What are you remodeling?  The carpet
and kitchen?

I have been out chasing some myself.   It is amazing how may screwed women
there are out there.  Some good looking ones though.

I am out of town the next couple of weekends, but some time after that would
be good.  Early February around the 12th or any time thereafter.  Sounds like
you are going to be busy moving in the house during that time also.  Let me
know.

"Townsend, George" <gtownsend@manorisd.net> on 01/20/2000 07:24:21 AM
To: Gerald Nemec/HOU/ECT@ECT
cc:
Subject: RE: What Up

Hey G,

Good to here from you. I have been busy having the house remodeled. I am
moving in on the 29th. I started school Tuesday. I didn't realize how many
women are in the college mode. My neck hurt boy.

I have been chasing a little tail here and there. Nothing to right home
about.

I am ready to come to Houston. When is a good weekend?

How are you doing? I hope you are getting laid. You deserve it.

Talk to you later
GT
> -----Original Message-----
> From: Gerald Nemec [SMTP:gnemec@ect.enron.com]
> Sent: Wednesday, January 19, 2000 3:54 PM
> To: gtownsend@manorisd.net
> Subject: What Up
>
>
>
> GT, Whats up brother?  Haven't heard from you in a while.  Did you buy the
> house?  Any babe action?
>
>
>


"Plan B"
As folks know, there's a group of moderate Democrats in the CA Assembly that
has been working on a "Plan B."
They've been working on it because they're not satisfied with the Governor's
MOU with Edison.
The Plan B group has been talking to a broad array of stakeholders, including
Republicans, to get input into how "Plan B" can improve upon the MOU.
First the good news about Plan B:  a fairly bright group of legislators is
rolling up its sleeves and attempting to come up with a centrist solution to
the problem, and they're at least creating the appearance of trying to be
bi-partison about it.  (There is at least one idea in Plan B that is
attributable to a Republican--Keith Richman--that Ken Lay met with a couple
of weeks ago.) So the beginnings of a process to resolve California's crisis
may be emerging.
Now the bad news:  because they are trying to build a consensus, Plan B is a
mish-mash, isn't focused, includes some pretty bad ideas, excludes some good
ideas (like re-establishing Direct Access immediately), and is going to
require a lot more work to get right.
Update on Efforts to Achieve a Settlement
In the meeting with the suppliers that Steve Kean and I participated in
yesterday, one of the financial consultants hired by the Governor criticized
several of the Plan B proposals as unworkable.
On today's call with the Governor's staff and suppliers it became somewhat
apparent that the Governor isn't going drive a resolution, but will leave it
to the Legislature to take the lead role.
The staff emphasized repeatedly that the lawsuits, investigations, etc. were
not on the table for discussion in any global settlement talks, and that
attempting to bring them in to the negotiations was a nonstarter.
Instead, the Governor's staff said that the group should focus on the size of
the discount that suppliers would be willing to take.
The suppliers pushed back, stating that including haircuts in the talks while
excluding the lawsuits, investigations, etc. is one-sided and unworkable.
The staff urged the group to begin negotiations with the Legislature, but
made it fairly clear that the Governor would not be the one to pull the
necessary principals together in a room to hammer out a solution; his staff
implied instead that it's up to others, i.e., the suppliers, to get the
process of negotiations underway.
Next Steps
If the Governor's financial consultants are prepared by Friday, they will
brief suppliers on the ways in which the administration is attempting to
resolve the State's creditworthiness issue to encourage suppliers to do power
deals with CDWR.  It they are not ready by Friday, the suppliers will meet
separately to discuss next steps.
Finally, there's been some confusion.  My apologies.
Sandi faxed to Jim and Harry yesterday a copy of "Plan B."  Sandi mentioned
that the Governor gave the Plan B group an analysis of the Plan.  For those
that have a copy of Plan B, see the 10-page memo dated May 12th, attached to
the back of the Plan.  The memo is from Joe Fichera to John Dutra, Fred
Keeley and Joe Nation (3 of the Plan B Democratic legislators).  Joe Fichera
is the head of Saber Partners, a financial consulting group that the Governor
hired to advise him on the crisis.
If anyone has not yet received a copy of Plan B, please let me know and I'll
get it to you.

Best,
Jeff


merlin can be captain castillo

 -----Original Message-----
From: 	"Morrill, Scott" <Scott.Morrill@Grubb-Ellis.com>@ENRON [mailto:IMCEANOTES-+22Morrill+2C+20Scott+22+20+3CScott+2EMorrill+40Grubb-Ellis+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, May 16, 2001 12:04 PM
To:	Lenhart, Matthew
Subject:	RE: Jen and Max!!!!

that'd be good, I'll be tubbs.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Wednesday, May 16, 2001 10:55 AM
To: Morrill, Scott
Subject: RE: Jen and Max!!!!

i think i will wear a suit with a t-shirt like sonny crocket

    -----Original Message-----
   From:   "Morrill, Scott" <Scott.Morrill@Grubb-Ellis.com>@ENRON

[mailto:IMCEANOTES-+22Morrill+2C+20Scott+22+20+3CScott+2EMorrill+40Grubb-Ell
is+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, May 16, 2001 11:30 AM
   To:     Lenhart, Matthew
   Subject:  RE: Jen and Max!!!!

   yeah you'd have to get some neon pink button ups and black pants

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Wednesday, May 16, 2001 9:58 AM
   To: Morrill, Scott
   Subject: RE: Jen and Max!!!!

   i just want to meet some models down there.  i don't hang out at discos
   thought, but if i was in miami i guess i would.  i think i would need
   some
   new clothes b/c all i wear is polos and khakis.

       -----Original Message-----
      From:   "Morrill, Scott" <Scott.Morrill@Grubb-Ellis.com>@ENRON

[mailto:IMCEANOTES-+22Morrill+2C+20Scott+22+20+3CScott+2EMorrill+40Grubb-Ell
   is+2Ecom+3E+40ENRON@ENRON.com]

      Sent:   Wednesday, May 16, 2001 10:56 AM
      To:     Lenhart, Matthew
      Subject:  RE: Jen and Max!!!!

      nobody speaks english, dirty, high crime rate.  We'll probably be at
   a
      resort though so it won't matter.  If you like the big discoteque
   dance
      clubs then it's your place, which I'll bet you do.  I'd rather lay
   back
      in
      the caymans, and I've never been there.  I'm getting old I think.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Wednesday, May 16, 2001 9:39 AM
      To: Morrill, Scott
      Subject: RE: Jen and Max!!!!

      does miami suck?  i haven't ever been there.  i have been to caymans
   and
      they are awesome.  it is really laid back and very expensive.  either
      place
      will be fun, i just think miami  will be a better night life.

          -----Original Message-----
         From:   "Morrill, Scott" <Scott.Morrill@Grubb-Ellis.com>@ENRON

[mailto:IMCEANOTES-+22Morrill+2C+20Scott+22+20+3CScott+2EMorrill+40Grubb-Ell
      is+2Ecom+3E+40ENRON@ENRON.com]

         Sent:   Wednesday, May 16, 2001 10:31 AM
         To:     Lenhart, Matthew
         Subject:  RE: Jen and Max!!!!

         I'd rather go to the caymans personally.  Miami sucks.

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Wednesday, May 16, 2001 8:58 AM
         To: Morrill, Scott
         Subject: RE: Jen and Max!!!!

         she called me.  she keeps in touch with me.  she spilled the beans
   on
         the
         plans to move the wedding.  i think if we went to cayman we would
      spend
         over a grand each.    miami will rock.

             -----Original Message-----
            From:   "Morrill, Scott" <Scott.Morrill@Grubb-Ellis.com>@ENRON

[mailto:IMCEANOTES-+22Morrill+2C+20Scott+22+20+3CScott+2EMorrill+40Grubb-Ell
         is+2Ecom+3E+40ENRON@ENRON.com]

            Sent:   Wednesday, May 16, 2001 9:53 AM
            To:     Lenhart, Matthew
            Subject:  RE: Jen and Max!!!!

            are you still talking to your new years romance? who is this
      friend
         that
            you're getting the info from?

            -----Original Message-----
            From: Lenhart, Matthew [mailto:Matthew.Lenhart@ENRON.com]
            Sent: Wednesday, May 16, 2001 6:11 AM
            To: "Ryan Lee" <ralee@rmi.net>@ENRON; Peder Kjeseth ; merlinm
            Cc: Morrill, Scott
            Subject: RE: Jen and Max!!!!

            i heard they might move the wedding to miami

            >  -----Original Message-----
            > From:      "Ryan Lee" <ralee@rmi.net>@ENRON
            >

   [mailto:IMCEANOTES-+22Ryan+20Lee+22+20+3Cralee+40rmi+2Enet+3E+40ENRON@
            > ENRON.com]
            > Sent:      Tuesday, May 15, 2001 6:53 PM
            > To:   Lenhart, Matthew; Peder Kjeseth ; merlinm
            > Cc:   scott.morrill
            > Subject:   Re: Jen and Max!!!!
            >
            >
            > Did they just assume we can all afford this! I'm poor and
      stupid,
         I
            > don't know how I will do it!   Ryan
            > ----- Original Message -----
            > From:  Lenhart, Matthew << File:
      mailto:Matthew.Lenhart@ENRON.com
         >>
            > To: Peder Kjeseth  << File:
   mailto:pederleifkjeseth@hotmail.com
      >>
         ;
            > ralee << File: mailto:ralee@rmi.net >>  ; merlinm << File:
            > mailto:merlinm@uswest.net >>  ; Lenhart, Matthew << File:
            > mailto:Matthew.Lenhart@ENRON.com >>
            > Cc: scott.morrill << File:
   mailto:scott.morrill@grubb-ellis.com
      >>
            > Sent: Tuesday, May 15, 2001 3:35 PM
            > Subject: RE: Jen and Max!!!!
            > i just looked at the prices for flights to cayman and they
   run
         around
            > $600.  this is going to cost over $1000.  start saving  now.
            > >  -----Original Message-----
            > > From: Peder  Kjeseth  [mailto:pederleifkjeseth@hotmail.com
   <<
         File:
            > mailto:pederleifkjeseth@hotmail.com >> ]
            > > Sent: Wednesday, May 09, 2001 6:14 PM
            > > To: ralee; merlinm;  Matthew.Lenhart
            > > Cc: scott.morrill
            > > Subject: Re: Jen and  Max!!!!
            > >
            > >
            > > I think we should dig up that slip that Matt  Hersh gave to
      Max
            > saying
            > > that
            > > he might have been exposed to an  STD and then get the
   photo
      of
         his
            > > cock in a
            > > doughnut to  complete the circle.  Has anyone fwded that
   mail
      to
            > Coco?
            > >  I'm
            > > sure she has a couple fond memories for the two of them to
      savor
            > > throughout
            > > their marrige.
            > >
            > > -PLK
            > >
            > >
            > > >From: "Ryan Lee" <ralee@rmi.net << File:
   mailto:ralee@rmi.net
      >>
         >
            > > >To: <merlinm@uswest.net << File: mailto:merlinm@uswest.net
   >>
      >,
            > <Matthew.Lenhart@enron.com << File:
         mailto:Matthew.Lenhart@enron.com
            > >> >
            > >  >CC: <Matthew.Lenhart@enron.com << File:
            > mailto:Matthew.Lenhart@enron.com >> >,
         <pederleifkjeseth@hotmail.com
            > << File: mailto:pederleifkjeseth@hotmail.com >> >,
            > >  ><scott.morrill@grubb-ellis.com << File:
            > mailto:scott.morrill@grubb-ellis.com >> >
            > >  >Subject: Re: Jen and Max!!!!
            > > >Date: Wed, 9 May 2001 12:55:06  -0600
            > > >
            > > >What is this book thing. I will crack skulls!  I'll wipe a
         booger
            > on
            > > the
            > > >first page. Then I'll sign it  "REMO"!
            > > >
            > > >----- Original Message -----
            > >  >From: <Matthew.Lenhart@enron.com << File:
            > mailto:Matthew.Lenhart@enron.com >> >
            > >  >To: <merlinm@uswest.net << File:
   mailto:merlinm@uswest.net
      >> >
            > > >Cc:  <Matthew.Lenhart@enron.com << File:
            > mailto:Matthew.Lenhart@enron.com >> >;
         <pederleifkjeseth@hotmail.com
            > << File: mailto:pederleifkjeseth@hotmail.com >> >;
            > >  ><ralee@rmi.net << File: mailto:ralee@rmi.net >> >;
            > <scott.morrill@grubb-ellis.com << File:
            > mailto:scott.morrill@grubb-ellis.com >> >
            > >  >Sent: Wednesday, May 09, 2001 11:27 AM
            > > >Subject: Re: Jen and  Max!!!!
            > > >
            > > >
            > > > >
            > > > > i think  she is one of jen's cougar friends.  that is
   such
      a
            > chick
            > >  thing
            > > >to
            > > > > do.
            > > > >
            > >  >
            > >
            > >
         _________________________________________________________________
            > > Get  your FREE download of MSN Explorer at
         http://explorer.msn.com
            > << File: http://explorer.msn.com >>
            > >
            >


Thanks

	Melissa Ann Murphy
	11/29/2000 09:04 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Power Templates Requested

Hi Sara, Joe Hunter said you were looking for some power templates.  Let me
know if you want to see examples of deals where all of the information is
filled in.

Thanks!
Melissa
3-1886


FYI
---------------------- Forwarded by James Derrick/Corp/Enron on 10/09/2000
04:18 PM ---------------------------

"Dilg, Joe" <jdilg@velaw.com> on 10/05/2000 12:08:22 PM
To: "Derrick, James (Enron)" <james.derrick@enron.com>
cc: "Walters, Rob" <rwalters@velaw.com>

Subject: McCutchen Doyle Brown & Enerson

Jim, in connection with your interest in identifying a top notch litigator
in California to look after Enron's interests in California, I would
recommend you consider David Balabian and Chris Hockett of the firm of
McCutchen Doyle Brown and Enerson LLP. McCutchen is a 300+ lawyer firm with
its main office in San Francisco and offices in Los Angles, Palo Alto and
Walnut Creek. The firm has a very strong reputation in major commercial
litigation (antitrust, securities fraud etc) and technical and IP
litigation. I believe ENA has worked with McCutchen in the past on some
power plant matters. Rob Walters has worked closely with Chris Hockett (who
I have also met) and has a very high opinion of his abilities. I concur that
Chris (a 40ish commercial litigator) is a very impressive individual. David
Balbanian, more senior than Chris, is apparently widely known as one of the
leading commercial litigators in  Northern California. Establishing a
relationship with David and Chris would give you the judgment and access I
assume you would want. Let me know if I can provide any additional
information.  Joe

(http://www.mccutchen.com/att/balabanian_d_att.htm)

 - David M. Balabanian.htm
 - Christopher B. Hockett.htm


Steve, I am in the Houston office Monday and Tuesday (Wednesday and Thursday
at the Exec Impact and Influence course). Would you have 30 minutes for an
update?

kind regards

Steven J Kean@EES
08-07-2000 08:18 AM
Sent by: Maureen McVicker@EES
To: VPs
cc:

Subject: List of Accomplishments

In connection with mid-year VP PRC, I would like each of you to prepare a
list of accomplishments, 2000 goals achieved, etc.

Thanks.

Due Date: Thursday, July 21st


Yes, that is the correct set up for now.

Thanks

 -----Original Message-----
From: 	Severson, Russ
Sent:	Tuesday, January 22, 2002 12:29 PM
To:	Keiser, Kam
Subject:	Verifying Regional Leads

I believe I missed the meeting when Netco duties were discussed.

I just want to verify the regional leads as they will be the eRequest security access approvers for Sitara and TDS.

Scott     -    East
Phillip    -    West
O'Neal   -    Texas
Darron    -   Central
Errol      -    Financial


Jeff,

We shall continue talking to Howard when he comes back from NYC.
I shall set up an interview with him.

Vince

"$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com> on 02/05/2001 12:49:20 PM
Please respond to "$$$$$$$$$$$$$$$$$$$$$$$$$$$" <jjw@ziplip.com>
To: Vince.J.Kaminski@enron.com
cc:
Subject: Vince...feedback from Howard on debrief

Hi Vince, this is exactly what I recieved back from my man in the UK...pls
review. Any comments or instructions?
Thank you,
Jeff Wesley 949 813 2241 Direct
********************************************************
 spoke to Howard, he is intereste in speaking to someone higher up the
 foodchain at Enron. He got the impression that those people he met would
 report into him. He really needs to speak to someone higher up and discuss
 the roles strategic potential.

 He is interested mainly in structuring which this role is not. But he
 recognised where it might lead and this would potetially be interesting to
 him but needs to speak to someone who is involved in the strategic direction
 of enrons credit.com.

 Vuthy is aware that Enron have intimated they want to see him again. Howard
 has told me there is a lot happening for him both here and in the US. Vuthy
 will arrange to get Howard interviewed here in London early next week.

 Tks and rgds
 Alec

*  Get free, secure online email at http://www.ziplip.com/  *


Getting you the info by the end of the week, or sooner, will not be a problem.

Michael Etringer@ECT

09/05/2000 03:37 PM

To: Jeff Dasovich/SFO/EES@EES
cc:
Subject: Timing on my earlier email

I forgot to give you an idea of the timing for the request I sent you
earlier.  We are shooting to have the models completed this week.  The
Alstrom deal was placed on a fast track last week.  If possible, it would be
very beneficial to have your input by then.  Let me know your schedule.

Thanks again,
Mike


Anna Norville
486 S. Oakland Ave., 3
Pasadena, CA 91101
anna_norville@hotmail.com

To Mr. 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,

Anna Norville


Tana,
Please send an LOI regarding broker client to Javier Loya at Choice Energy.
The LOI is for Natural Gas Financial Products, $200,000 for one year.

Javier Loya
Choice Energy Ltd.
5718 Westheimer, Suite 1300
Houston, Texas 77057
EJL@choiceenergy.com.

Thanks,

Dan


Thanks a lot, Kerri.


Could you please fax me a copy of plan B?  Sorry we didn't participate in
the call yesterday--no one at Mirant received notice of the call, though I
understand you did e-mail out the call information.  Must have been a
technical glitch.

My fax number is 678-579-5890.  Thanks.

Sonnet Edmonds

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Monday, May 14, 2001 9:48 PM
To: sryan@aesc.com; hoffman@blackstone.com; bbailey@duke-energy.com;
Lynn.A.Lednicky@Dynegy.com; john.harrison@elpaso.com;
rachael.king@elpaso.com; clark.smith@elpaso.com; skean@enron.com;
tom.allen@mirant.com; sonnet.edmonds@mirant.com;
randy.harrison@mirant.com; alex.goldberg@williams.com
Cc: Maureen.McVicker@enron.com
Subject: Summary of Today's Call/Agenda for Tomorrow's Call

Greetings:
n order to keep everyone in the loop, the folks on today's call wanted to
send out a brief summary of the call for the benefit of those who couldn't
make it.  Apologies for any omissions, inaccuracies, etc.  Others who were
on the call please chime in if I've gotten anything wrong, or missed
anything.

Best,
Jeff

SUMMARY
Enron, Duke, El Paso and Williams were on the call, as was Michael
Hoffman of the Blackstone Group (the Governor's financial advisors).
On the subject of how the group would organize itself, it was agreed
that the calls would be open to anyone who wanted to participate.
A smaller group consisting of Duke, El Paso, Enron, and Williams would
take the lead on walking the halls of Sacramento, meeting with policy
makers, and advocating whatever plan the group develops.
Folks agreed that achieving a comprehesive solution requires a tangible
process; that is, the principals need to get in a room, face to face,
for however long it takes to work out a resolution.
It was agreed that the process should start no later than the beginning
of next week, and that it should take place in Sacramento.
It was decided that the Legislature and the Attorney General needed to
be brought into the process as soon as possible, i.e., next week.
There was some discussion regarding the release today of "Plan B."  Plan
B is a plan proposed by Democratic and Republican legislators as an
alternative to the MOU that the Governor struck with Edison.  After that
call I received a copy of "Plan B."  If you'd like a copy please send me
your fax number.
Folks on the call agreed to have the next "supplier-only" call-in
meeting on Friday.
Finally, Michael Hoffman said that they are hoping to have a "ratings
agency level" presentation prepared by the end of the week.  The goal of
the presentation is to reassure capital markets that the bonds the state
seeks to issue are solidly backed by retail rates.

The Agenda for Tomorrow's Call with the Governor's Staff
Item #1:       The Credit Issue
Michael Hoffman said that the Governor's office wants to start
tomorrow's meeting discussing the creditworthiness issue.
Hoffman said that the Governor's folks are hoping to have completed by
the start of tomorrow's meeting a draft of an agreement between the
California PUC and CDWR.  The agreement is designed to ensure that DWR
gets paid for power services delivered.
If the draft is ready, they'd like to discuss on the call tomorrow.

Item #2:       Identify the Components of a Comprehensive Solution.
It was agreed that our group should put on the table at tomorrow's
meeting the universe of issues that need to be included in a
comprehensive solution.
Enron was asked to take a first stab at what those components are.  The
following is a brief outline, which is not intended to be definitive,
but a starting point for discussion.
Utility creditworthiness
retail rates must reflect costs
Increase supply
streamline and otherwise reform the siting process
Decrease demand
establish real-time pricing
implement demand buy-down and other conservation programs
Create a real market
Remove the State from the power-buying business as soon as possible
(e.g., once new rates are in place and utilities are returned to
creditworthiness; approximately 3-6 months)
Return the procurement role to the utilities
Reinstate Direct Access immediately for all customers
Within 18-24 months, create a "core/noncore" market structure for
electricity, similar to California's market structure for natural
gas
Keep the industry in the hands of the private sector
Reject proposals calling on the State to take over transmission,
generation, etc.
Resolve outstanding legal claims, investigations, etc.
Resolution requires certainty and prompt payment (understanding
that discounts on receivables is on the table for discussion)


I sent the approval to JoAnn

 -----Original Message-----
From: 	Shapiro, Richard
Sent:	Tuesday, October 09, 2001 9:13 AM
To:	Kean, Steven J.
Cc:	Hill, Jo Ann
Subject:	Retention awards
Importance:	High
Sensitivity:	Confidential

Steve: Please  approve the following requests via Jo Ann for the following individuals( all options priced on or about 11/1/01).: Harry Kingerski-$50,000; Christi Nicolay-$50,000; Sarah Novosel-$50,000;& Bob Frank-$40,000. Thanks.


Are they going to build it if it is not fully subscribed?  Or is Williams going to take the risk?  I wonder why Entergy is taking space?

 -----Original Message-----
From: 	Polsky, Phil
Sent:	Thursday, October 25, 2001 3:07 PM
To:	Whitt, Mark
Subject:	FW: Western Frontier

Mark,

Steph said you were looking for some info on the Western Frontier project that was in NGI today.  I called the contact person at Western Frontier/Williams and he told me that the project was not in fact fully subscribed.  He was obviously interested in speaking with you again.

I glanced through their filing, and apparently the open season led to PAs for 365,000 Dth/d of the 540,000 Dth/d of available capacity.  PAs have been signed with the following:

Marathon - 75,000 dth/d
Williams Marketing - 200,000 dth/d
Utilicorp United - 15,000 dth/d
Entergy - 75,000 dth/d

With the exception of Marathon, everyone signed up for ten years.  Marathon committed to five years, with an option to extend for two years.

Let me know if you need anything else.

Phil

 -----Original Message-----
From: 	"Sanders, Dale T." <Dale.T.Sanders@Williams.com>@ENRON
Sent:	Thursday, October 25, 2001 2:27 PM
To:	Polsky, Phil
Subject:	Western Frontier

Phil,
Here is the information that you requested.  If I can be of any other assistance, please do not hesitate to call.
 <<Electronic Version for e-mail.doc>>  <<WFSYSMAP_1.jpg>>  <<WFSYSMAP_1.pdf>>  <<WFrontierfiling.dot>>
Dale T. Sanders
Williams Gas Pipeline-SouthCentral/ Western Frontier
Project Manager-Business Development
Phone:   270-688-6944
Fax:      270-688-6320
)  e-mail:   <mailto:dale.t.sanders@williams.com << File: Electronic Version for e-mail.doc >>

 - Electronic Version for e-mail.doc << File: WFSYSMAP_1.jpg >>
 - WFSYSMAP_1.jpg << File: WFSYSMAP_1.pdf >>
 - WFSYSMAP_1.pdf << File: WFrontierfiling.dot >>
 - WFrontierfiling.dot


Here is a cartoon you might like to pass on

 - lightswitch.pdf


I will double check with Patrice in the a.m.  Thanks.
PL


This has been changed.

Kerri Thompson@ENRON
11/16/2000 04:03 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 458802

broker has 25 mw instead of 50mw


i say el tiempo

To: Timothy Blanchard/HOU/EES@EES, Bryan Hull/HOU/ECT@ECT, Luis
Mena/NA/Enron@Enron, Lisa Gillette/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT,
Shanna Husser/HOU/EES@EES, Eric Bass/HOU/ECT@ECT, mmmarcantel@equiva.com
cc:
Subject:

does everyone want to meet at tortucas on kirby south of 59 or el tiempo(no
tequilla shots) or cabos downtown tonight.  let's meet around 6-6:30.


We are injecting gas into EGAN storage today through Monday, off of Texas Gas
and CGLF.  We will be withdrawing this gas ratably in Dec into Texas Gas.  I
will probably make a mistake or two on my deals because I'm kinda sleepy.

Crystal will help me set up the deals on EGAN.  I am currently using a CPR
Storage deal ticket and I believe that is incorrect.  I will let everyone
know the deal tickets by the end of the day.


Are you attending? This is a change- why?
---------------------- Forwarded by Richard Shapiro/NA/Enron on 06/27/2001
07:08 AM ---------------------------
From: Andrea Yowman/ENRON@enronXgate on 06/27/2001 02:22 AM
To: Cindy Olson/ENRON@enronXgate, Dan Leff/HOU/EES@EES, Fernley
Dyson/Enron@EUEnronXGate, Richard Causey/ENRON@enronXgate, Rod
Hayslett/ENRON@enronXgate, Sally Beck/ENRON@enronXgate, Steven J
Kean/NA/Enron@Enron, Paula Rieker/ENRON@enronXgate, Richard
Shapiro/NA/Enron@Enron
cc: Wes Colwell/ENRON@enronXgate

Subject: VP Commercial Support PRC Sub-Committee

MESSAGE SENT ON BEHALF OF WES COLWELL:

You have been selected to participate on the VP Commercial Support PRC
Sub-Committee to cross calibrate and rate the Commercial Support Vice
Presidents.  This PRC will be held on July 20, 2001 in EB 49C1.  You will be
responsible for representing Vice Presidents in your functional area and/or
business unit.  The attached file details specifically, the employees we are
requesting that you represent.

Two weeks prior to the meeting, you will receive the following information to
facilitate your preparation.

1. Employee Profile
2. Consolidated Feedback
3. List of Accomplishments
4. Functional vs Business Unit Ranking Differences

You should discuss the performance of these Vice Presidents with their
manager and resolve any issues based on feedback received prior to attending
this meeting.  The results of this committee will be reviewed and approved by
the VP PRC Committee on July 23, 2001.

If you have any questions or concerns, please don't hesitate to contact me at
ext. 37249.

Wes Colwell


Kay,  you bring up an excellent point.  We have addressed this issue in at
least two of the form contracts that I am familiar with; however, I believe
only recently. See Section 7.5 of our Dedicated Reserves Form Contract
provides:

".......Buyer shall not disclose ......to any third party(other than the
Party's and its affiliates' employees, lenders, counsel, accountants or
prospective purchasers of any contract rights, general intangibles or
accounts hereunder,[ it does not say this in our current form, however I
would suggest considering  adding here "whether in an asset sale , financing
or equity transaction"] in each case who have agreed to keep such terms
confidential")...................

Sec tion 8.8 of the Enfolio Master Purchase / Sale (natural Gas) form
contract contains a similar provision.

	Kay Mann@ENRON
	09/19/2000 12:04 PM

		 To: Sheila Tweed/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Barbara N
Gray/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Matt Maxwell/Corp/Enron@ENRON, Peggy Banczak/HOU/ECT@ECT
		 cc:
		 Subject: Confidentiality provisions in various forms

I think all of us who deal with assets are running across confidentiality
hurdles in all kinds of agreements, including confidentiality agreements.  In
short, our business people need the ability to disclose agreements to
potential purchasers of projects, contracts and assets, and not all of our
forms allow this.

I'm trying to include an exception for "potential lenders and investors"
whenever I can (instead of just lenders). Does someone have a more artful or
effective solution?

Just wanted to share the thought so that more eyes could be watching for the
issue.

Kay


Vernon,
All of these residual charges are the new way that SAP is allocating various departmental costs to our projects.  There is nothing that can be done about this all projects are getting hit.  I am trying to work with Caroline Barnes to see if there is anyway to stop it, but so far I have been told no.  Of course, it is an issue with me because when we setup the work orders we don't budget for this kind of stuff.  I'm working on it but no resolution yet.

The Sheryl Kimes $30,803 was suppose to move to the Science work order, but since we don't have one there is nothing to move to and 12/14 is the last day to put in journal vouchers to move money between projects so nothing can be done except include this in the PMF unless you all want us to move it to your O&M budget.

The original work order had money for hardware for the IT team.  Even if we hire contractors, we must provide the hardware to do the job and so all of our projects must carry burden.  Additionally, I believe that we ordered Kim and Martha hardware out of that work order as well and we did not exceed the hardware budget.  The projects also carry the burden for paying for any technical training or reference manuals that are required as part of the project and that is what the $137.00 was for so it is part of the cost of the project.

Let me know if there is anything else that I can help explain.


The broker put delivery point in wrong for a second and then changed it. It
is Mid-C.

Evelyn Metoyer@ENRON
12/08/2000 12:19 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 12-8-00 Mike Swerzbin error

ref 476900
Amerex shows delivery as Cob and we show Mid-C


Kay -- The comments in the attached doc relate primarily to accrual vs. MTM
accounting.  They seem to be recommending repeatedly that our language covers
an accrual accounting deal, and does not work for MTM accounting.  Is this
assumption correct, or am I missing the point?  Please let me know what you
think.  Thanks -- David

 -----Original Message-----
From:  Mann, Kay
Sent: Monday, April 30, 2001 10:03 AM
To: Rorschach, Reagan; Fairley, David
Subject: FW: MDEA revised draft

For future reference on the long term deal.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/30/2001 10:02
AM ---------------------------
From: William Fleenor/ENRON@enronXgate on 04/30/2001 09:41 AM
To: Kay Mann/Corp/Enron@Enron
cc: Herman Manis/ENRON@enronXgate

Subject: FW: MDEA revised draft

See comments therein.  Please call me if you would like to discuss.

Billy

 << File: MDEA ESMA (Mann4-19Draft) comments.doc >>

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, April 25, 2001 7:12 PM
To: Fleenor, William
Cc: Manis, Herman
Subject: MDEA revised draft

Your esteemed colleague suggested I send this to you for your review.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/25/2001 07:10
PM ---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
Kay Mann
04/19/2001 04:17 PM
To: Reagan Rorschach/Enron@EnronXGate, David Fairley/Enron@EnronXGate, Ozzie
Pagan/Enron@EnronXGate, Lloyd Will/HOU/ECT@ECT, Christi L
Nicolay/HOU/ECT@ECT, Tom May/Corp/Enron@Enron, Edith Cross/HOU/ECT@ECT, Jim
Homco/HOU/ECT@ECT, Edward Sacks/Enron@EnronXGate
cc:

Subject: MDEA revised draft

Here's the latest, not-yet-final-but-getting-better agreement.

 << File: MDEA ESMA (Mann4-19Draft).doc >>

 << File: COMPARE APRIL 19 >>

I may not have sent this to everyone who needs it, but I know Reagan will
take care of it.  Speaking of Reagan, he is generating exhibits.

Kay


griese was great, but it looks like he will be out for awhile.  ian gold is a
stud.


You did such a fine job volunteering for Enron Networks, I thought I would try again.  Do you know who the general counsel is that supports GSS?  I know that there is an attorney who supports them, but who is the general counsel?  Thanks.

Susan Bulgawicz
            Senior Counsel
    EB 50M06  (713) 853-4858
    FAX:          (713) 646-4995


The following parcel's open season has expired and is pending award of bids by the releasing shipper.

Releasing Shipper: Enron North America Corp.
Parcel: 8867
Contract Number: 08076

Path: Kingsgate to Malin
Quantity: 15000
Min Release Quantity: 15000
Begin Date: 12/1/2001
End Date: 11/1/2002

This parcel is Biddable
Open Season Begin Date: 11/27/2001 11:00  A.M.
Open Season End Date: 11/27/2001 12:00  P.M.
The prearranged replacement shipper is: Canadian Natural Resources Limited

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.