Please see the following important stories.  It appears to be quickly
slipping through Davis' fingers.  May be useful to re-group a bit in light of
the following events.  In sum:

Most importantly, in today's Chronicle, it's reported that Davis' staff met
with key Democrats yesterday and lowered the boom.
DWR purchases likely to be about $25 billion and rates may have to go up by
100%.  (See attached story.)
Apparently, one of the big reasons that 8X got held up yesterday is because
Davis' own staff went to D leadership and said, "don't move 8X (a bill that
Davis was said to support) because the $10 billion cap on bonds won't work;
they need much more."
It appears that rate increases will now become part of the mix, whether Davis
likes it or not.
The staff alleged that they were conveying the information before Davis had
been informed of the "bombshell."
Davis was criticized for being at yet another fund-raiser yesterday while the
situation significantly deteroriated in Sacramento.  (See attached story.)
Meanwhile, PG&E has sued--or may be about to sue--the State, saying they
won't pay the QFs according to Davis' plan (which the PUC is supposed to
implement on Tuesday).  (See attached PG&E press release.)
Finally, Mike Kahn has issued an opinion piece in yesterday's Chronicle, in
which he attempts to lump together into one pile Republicans, market
proponents, price gougers and Texans, and defending Davis and Lynch.

******************************************************************************
***********************************************************************
Davis' Measured Plan To Fight the Darkness
Michael Kahn
Friday, March 23, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/23/E
D103778.DTL
COMMENTS on Gov. Gray Davis' energy programs by apologists for former Gov.
Pete Wilson bring to mind Robert Kennedy's admonition that it is better to
light a candle than curse the darkness.
Let's examine the darkness created by Wilson's energy deregulation scheme.
The 1996 law he signed could not have been more wrong headed.
-- Why did it hand energy price control over to the Federal Energy Regulatory
Commission?
-- Why did it free wholesale prices, while capping the price utilities could
charge customers?
-- Why did the former state Public Utilities Commission force utilities to
sell off their fossil fuel power plants, leaving them vulnerable to predatory
pricing by out-of-state merchant generators?
-- Why did the Wilson-era PUC bar utilities from entering into contracts to
ensure a long-term supply of cheap electricity?
-- Most pointedly, why did California enter into deregulation without enough
available generation to ensure a fair market based on balanced supply and
demand?
These are tough questions. It is not hard to understand why former proponents
of the 1996 deregulation scheme would rather not answer them, preferring to
bemoan the darkness and curse Davis' actions.
The Wilson apologists jeer at plans for the state to purchase the power grid,
though they surely know the value of a well-maintained, fully functioning
electric transmission network. Bottlenecks in the grid impede the sharing of
power between Northern and Southern California. This was a main reason
Northern California experienced rolling blackouts in January while Southern
California had plenty of power.
The state's purchase of the grid will infuse new cash into the utilities,
pulling them back from the brink of bankruptcy, while giving the state a
tangible and valuable asset in exchange.
And ownership of the grid will allow the state to modernize it, removing
bottlenecks and upgrading technology - something the utilities have long
failed at doing.
The apologists ignore the state's strong record on energy conservation and
Davis' actions to enhance these efforts.
California now has the nation's second-best energy conservation record. The
governor has budgeted $404 million in new conservation measures and added an
executive order offering 20 percent rebates to those who reduce their
consumption 20 percent over last year. These measures will reduce commercial
lighting, encourage residential and industrial efficiency and make state and
commercial buildings more energy efficient.
The apologists disregard the fact that the governor has also reversed a trend
that had seen power plant construction in California drop to insignificance
in the '80s and '90s. Since April 1999, the California Energy Commission has
licensed nine major new power plants. Six are under construction. This is
part of a streamlined, fast-track plant licensing process that aims to put an
additional 20,000 megawatts on line by the summer of 2004, a nearly 50
percent increase in generation.
And the apologists refuse to recognize that California is building the right
sort of power plants - efficient, clean and environmentally friendly, with a
strong bent toward renewable power sources.
In fact, while some would go Texas' route and build plants that meet only the
bare minimum of environmental requirements, California is continuing the
effort that has made it the nation's leader in the use of clean, renewable
power sources.
Instead, the apologists engage in name calling, such as the charge leveled by
former Wilson communications director Dan Schnur on this page that Loretta
Lynch, the Davis appointee as PUC chair, is inexperienced and has failed to
deal effectively with the energy emergency.
Forget for a moment that of the 22 people who have served as PUC
commissioners since 1980, only six had any energy expertise before their
appointments.
Forget for a moment that one of the principal architects of deregulation was
Daniel Fessler, the UC Davis contract law professor with no special expertise
in energy issues whom Gov. Wilson appointed as PUC president.
Just consider this: It was the PUC under Lynch that freed the utilities to
buy electricity on cheaper, forward contracts outside the Power Exchange.
This corrected a huge Wilson-era PUC blunder that put utilities in an energy
price straitjacket. The Lynch-led PUC also prohibited utilities from selling
additional power plants, and it began the successful effort to make
California's ISO (the Independent System Operator that runs the state's power
grid) independent of the industry-connected officials who controlled it.
Meanwhile, what sort of grand solutions have the apologists presented? Drill
for oil in the Arctic National Wildlife Refuge in Alaska, build nuclear
plants on closed military bases and encourage the construction of dirty
Texas- style power plants in California.
Drilling in the Arctic will not produce a watt of new power for California.
Californians have long said they do not want the risks presented by new
nuclear plants.
And lax Texas pollution rules prompted the Dallas Morning News to charge in a
Dec. 17 editorial that Texans are choking on the exhaust from power plants.
Most disingenuously, the apologists would "let the market work," claiming
that unfettered market forces will soon bring fair and balanced prices. But
the market doesn't work now, as the Federal Energy Regulatory Commission has
repeatedly admitted, most recently with its finding that generators
overcharged the state in January.
Unfortunately, for the most part the same commission had refused to clamp
down on sky-high prices charged by generating companies. Look at New York's
deregulated market, where there are no caps on retail electric prices. Market
forces have done consumers there little good. New Yorkers pay the highest
prices for electricity in the country. And the New York Times has reported
that rates paid by consumers have increased a whopping 40 percent just since
1999.
Those who would allow the market to work (let the darkness reign) know well
that if the market "works" to produce New York-style rate increases in
California, the consequences to the public would be dire.
Compare this to Gov. Davis' well-structured plan for effective energy
conservation and stabilization of the state's electricity market and his
expedited program to bring clean, efficient new power plants on line quickly.
Robert Kennedy would understand Gov. Davis' approach and his critics'
perspective.
Michael Kahn is a member of the state Independent System Operator's board of
governors.
,2001 San Francisco Chronicle ? Page?A - 25

Bombshell Warning on Power Cost
Spending may double and rates skyrocket, governor's office tells Legislature
Greg Lucas, Lynda Gledhill, Robert Salladay, Chronicle Sacramento Bureau
Saturday, March 24, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/24/M
N176940.DTL
Top Davis administration officials told lawmakers yesterday that the state
may have to spend twice as much as expected on electricity purchases over the
next two years - requiring rate increases of as much as 100 percent.
The stunning admission by the Davis administration contradicts his repeated
promises that his plan to ease California's energy woes could be done without
a rate increase.
California will probably need to issue $23 billion in bonds for electricity
buys, more than double the amount Davis said would be needed by the state to
keep electricity flowing until California's cash-poor utilities can get back
on their feet.
Administration officials told lawmakers to stop action on a bill that would
have capped the state's energy purchases at $10 billion.
But a Davis spokesman said the numbers were far from firm.
"There are a lot of scenarios being run . . . and until we complete the
negotiations, this can be added up any way you want," said Steve Maviglio,
press secretary to Davis.
"Those numbers are not based on any reality right now," he said. "There are
too many things up in the air."
Assembly Democrats told a different story.
They said Tim Gage, director of Davis' Department of Finance, Cabinet
Secretary Susan Kennedy and John Stevens, Davis' top energy aide, met with
Assembly Democratic leaders and dropped the bombshell.
And they did so just as those same leaders were trying to convince fellow
lawmakers how important the bill was to the Davis administration.
They also said that Davis, who was in the Palm Springs area for most of the
day and briefly attended a fund-raiser at a golf club, was unaware of the
figures.
PURCHASES IN BILLIONS
The three top aides said that electricity purchases for this year by the
state would be $16 billion, not the $10 billion initially predicted. An
additional $7 billion in state power purchases would be needed next year,
they said.
The state has been buying power at a clip of $45 million a day since Jan. 17
because the troubled utilities could no longer afford to make the purchases.
From the start of the energy crisis, the state has planned to repay its power
purchases through bond sales. The bonds would be paid off by a portion of the
amount ratepayers are charged on their monthly bills.
Davis has so far insisted that enough money could be found to cover the $10
billion without raising rates.
But his aides said if the size of the bonds ballooned to $23 billion, a hefty
rate increase would be necessary.
INCREASE UPON INCREASE
The Public Utilities Commission is already planning to make permanent a
temporary 9 percent increase. An additional automatic 10 percent is scheduled
for no later than March 2002.
But the aides said, on top of that, an additional 60 percent to 80 percent
increase would be required to cover the debt service.
"For some time, I have believed a fundamental part of solving this problem is
admitting there needs to be a rate increase, and the numbers that have been
shared today make that inevitable, and we should start dealing with the
reality as soon as possible," said Assemblyman Fred Keeley, D-Boulder Creek
(Santa Cruz County).
One consumer advocate said the revelation means the utilities are closer to
bankruptcy because the state and ratepayers won't have the cash to bail them
out.
And it could mean political trouble for Davis.
"Unless the governor issues an ultimatum to lower the prices, everybody's
bill will double, and he will not be able to run for re-election in 2002,"
said Harvey Rosenfield, head of the Foundation for Taxpayer and Consumer
Rights.
PG&E THREATENS SUIT
The news came as Pacific Gas and Electric Co. threatened to take the state to
court over Davis' plan to force the company to pay back certain creditors.
Davis' proposal would require the utilities to pay alternative power
generators for all the power that they supply, something PG&E said it cannot
afford to do. Several of the generators shut down earlier this week as
rolling blackouts spread across the state.
The bill stalled yesterday in the Assembly as Republicans objected. Lawmakers
will resume debate Monday.
Earlier in the week, Davis announced that action would be taken by the
Legislature and the Public Utilities Commission that would guarantee payment
to the alternative energy providers. He also said the state -- which has
spent $3.7 billion to purchase power -- should be paid back first.
Without that promise, several of the small biomass, solar and wind producing
plants -- called qualified facilities -- said they would have taken Southern
California Edison Co. into bankruptcy court. The alternative generators
provide enough electricity to power roughly 6 million homes.
PG&E said it cannot afford to pay the alternative producers and reimburse the
state for the billions it has spent purchasing power.
"These actions approach the problem in a piecemeal and uncoordinated fashion
and would force us to pay out far more than we collect in rates, further
exacerbating an already precarious financial situation," Gordon Smith, PG&E's
president and chief executive officer, said in a statement.
DIFFERING VIEWS ON COSTS
According to PG&E's numbers, the company collects $400 million a month in
rates. It says the average price to pay all the generation sources exceeds
$1. 4 billion a month.
But consumer advocate Nettie Hoge said the utilities are exaggerating their
own costs in order to try to keep as much money as possible.
"It's just absurd," said Hoge, the head of The Utility Reform Network. "They
have a temper tantrum every time something doesn't go their way."
The bill PG&E objected to is necessary to allow the PUC to order utilities to
pay small power generators who agree to sign lower-priced contracts to
provide energy.
The proposal offers generators a choice of agreeing to a five-year contract
at $79 per megawatt or a 10-year deal at $69 per megawatt, Davis said. The
going rate now is about $150 a megawatt. The PUC wants to act as early as
Tuesday to bring some financial relief to the generators, who have been paid
pennies on the dollar.
Assembly Republicans objected to the bill in part because it would allow the
PUC to change the formula for setting the price paid alternative producers so
that it no longer considered the price of natural gas.
Co-generators -- some of the largest of which are operated by oil refineries
-- say without the price of natural gas as a consideration, it would cost
them more to produce energy than what they would be paid for it.
E-mail Lynda Gledhill at lgledhill@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 1

Davis at Fund-Raiser as His Bill Languishes
Critics say he should have been at Capitol
Greg Lucas, Robert Salladay, Chronicle Sacramento Bureau
Saturday, March 24, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/24/M
N171337.DTL
While the Assembly struggled -- and failed -- to pass a bill aimed at keeping
hundreds of small energy generators from bankruptcy, Gov. Gray Davis attended
a $10,000-a-head golf fund-raiser yesterday in Palm Desert.
Organized by Duane Dauner, president of the California Healthcare
Association, the event was held at Bighorn Golf Club, a luxurious private
country club of which Dauner is a member.
Davis' top political adviser said the governor didn't play golf, just stopped
by a luncheon before the round began so he could return to Sacramento.
But during Davis' absence, a bill he backed -- critical to bailing out small
power generators -- languished in the Assembly.
On Thursday, lawmakers canceled next week's long-planned annual trip to
Washington, D.C., to focus on energy issues.
"There is not a lot of electricity to be found on the golf course," said
Harvey Rosenfield of the Foundation for Taxpayer and Consumer Rights, a chief
critic of Davis and the state's utilities. "He ought to be in Sacramento to
try and solve the crisis and not prospecting for contributions in the grass
in Palm Springs."
The Democratic governor has been frequently criticized for the time he spends
raising money for his campaign fund, money that comes from well-heeled
interests with dozens of issues pending before his administration.
Since becoming governor, Davis amassed $25 million by the end of 2000 --
averaging more than $1 million a month in contributions, often from fund-
raisers directed at specific industries.
Garry South, Davis' political adviser, said Davis was in Palm Springs to
dedicate a University of California building and "dropped by a lunch"
preceding the golf.
South said the fund-raiser "was a diverse group of people that paid varying
amounts of money."
Lawmakers canceled their yearly visit to federal officials on issues
important to the Golden State because they didn't want to give the impression
that "there was somewhere else more important than California," said state
Sen.
Don Perata, D-Oakland.
Raising money at a tony golf resort during the crisis simply looks bad,
Perata said.
"We have to be really careful because the public's patience and their
confidence in what we're asking them to do depends on how they see us
reacting to the problem," he said. "This will be negatively interpreted."
Other lawmakers said the governor's top-level staff was working on the
problem but acknowledged the golfing fund-raiser looked bad.
"It's not the best symbolic message, but I feel we have to give him the
benefit of the doubt," said Assemblywoman Carole Migden, D-San Francisco.
Davis did appear briefly yesterday on nationally broadcast CNBC to talk about
the energy crisis and blast power generators for allegedly overcharging the
state. He appeared live from Palm Springs.
The California Healthcare Association represents nearly 500 hospitals and
boasts on its Web site that it "influences public policy development through
both legislative and regulatory advocacy efforts."
Last month, the group introduced a legislative package to expand nursing
education and streamline college requirements for nurses.
One of the bills calls for spending $120 million a year on nursing classes.
The group also is lobbying the new Department of Managed Health Care, which
is staffed by Davis appointees, to speed up payment of $1 billion in late
bills owed to hospitals.
Davis signed a bill last year that gave the HMO czar the power to sanction
health care plans for failing to pay Dauner's clients, the hospitals, on
time.
In his first six months in office, Davis attended a fund-raising dinner at
Dauner's house that brought in an estimated $100,000. It was part of a spree
that netted the governor a record-breaking $6.1 million in half a year.
At the time, Dauner told the Los Angeles Times: "We don't talk policy at
those kinds of things, or legislation. This was really more of a social
event. He talked about his goals and probably spent more time discussing
education than anything else."
Dauner could not be reached for comment yesterday.
E-mail the reporters at glucas@sfchronicle.com and bsalladay@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 13

	FOR IMMEDIATE RELEASE March 23, 2001
CONTACT: PG&E News Department (415) 973-5930

PG&E Responds to Energy Proposals in Sacramento
	San Francisco -- Pacific Gas and Electric Company today announced that it
will be forced to challenge actions now being contemplated by the State of
California to impose new demands on its frozen rate structure. The proposed
actions will destabilize its current situation with creditors and put the
entire possibility of reaching a balanced solution to California's energy
crisis at risk.
	This week, the State has made clear its intention to use Pacific Gas and
Electric Company's existing rate structure to begin fully paying Qualifying
Facilities (QFs) in advance, for future power purchases, starting April 1,
and to reimburse the Department of Water Resources (DWR) in advance of any
other generating source, including utility-retained generation, bilateral
contracts, QFs or the Independent System Operator (ISO).
	"These actions approach the problem in a piecemeal and uncoordinated fashion
and would force us to pay out far more than we collect in rates, further
exacerbating an already precarious financial situation," said Gordon R.
Smith, president and chief executive officer of Pacific Gas and Electric
Company. "The numbers just don't work."
	Currently, under frozen rates, Pacific Gas and Electric Company has been
collecting approximately $400 million per month for the purchase of electric
power. This revenue has been used in payments to power suppliers, including
power purchases from irrigation districts and bilaterals, to cover costs of
operating our retained generation, and is insufficient to cover payments to
the ISO and QFs. The average combined energy bill from all of these sources
exceeds $1.4 billion a month, and may go even higher in the coming months.
Moreover, the utility's financial condition has been further jeopardized by
the failure of the DWR to acknowledge responsibility for the full "net open
position," i.e. the power that must be purchased on the spot market. This
dispute over the net open position is threatening to accrue additional
liabilities for Pacific Gas and Electric Company.
	"We continue to work with State officials to develop a constructive,
comprehensive solution that assures that California has a reliable and fairly
priced supply of power. Nevertheless, we have a duty to our suppliers,
lenders and shareholders to protect the assets of the utility, and we must
challenge any action by the State to force us to pay out more than is
collected in rates," Mr. Smith concluded.
	?


Lloyd,

I think that we can arrange a few video conference meetings instead.
I don't see a  justification for extending the stay over the weekend if we
have an alternative solution.

Vince

	Enron Capital & Trade Resources Corp. - Europe

	From:  Lloyd Fleming                           07/06/2000 12:37 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Maureen Raymond/HOU/ECT@ECT
Subject:

Vince

I met Maureen yesterday and had a useful discussion on her role within
Enron.  I think it would be very helpful to promote the Research group
function of the company, particularly given Maureen's background,  if she
could be introduced to some of the main traders down at MG.  Unfortunately
she won't have time to meet with MG unless we can schedule some meetings on
Monday.

Would you be happy for her to extend her stay here till Monday to allow the
meetings to take place?

Regards


I definitely think trips on occasional plays will work.  Draw up some.  Try
and make everything on one sheet so we can print it out and just take one
piece of paper out there.  I will also draw up some and put it on whatever
sheet you send me.

Luis

	From:  Eric Bass @ ECT                           11/16/2000 12:01 PM

To: Luis Mena/NA/Enron@Enron
cc:

Subject: Trips

I was thinking that if we run trips on offense the other team won't know what
hit them.  So I will draw up some plays.

What do you think?


January 8, 2002

For Gas Day January 9, 2002, the TEXAS EASTERN TRANSMISSION (TE)
pipeline system was nominated above capacity for gas leaving the STX/
ETX/ M1-24 Inch area.  In order to accommodate firm volumes, TE cut
approximately 100,000 Dths of Preferential/Secondary nominations exiting
this area.

No intra-day nominations for gas leaving this area or for additional
physical supply within these zones will be accepted for Gas Day
01/09/2002.

Please contact your Operations Account Manager if you have any
questions.

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

NOTE:

Duke Energy Gas Transmission respects your online time and privacy.
You have received this email because you elected to subscribe. To
unsubscribe, login to the E-mail Notification Subscription page at
http://www.link.duke-energy.com/script2/Notification.asp
uncheck the appropriate checkbox, and click the Submit button.


SCREW YOU!!!

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 12/28/99 01:17:23 PM
To: Eric Bass/HOU/ECT@ECT
cc: Daphneco64@aol.com
Subject: cddd

I cannot believe you sold this wonderful stock!!Dad
 - att1.htm


Thanks Mary.  The memo's dated July 3rd and says that the ISO intends to
release the information on July 10th.  Presumably, the info's already been
transmitted to the EOB.  Did we/do we intend to challenge?

Jeff

"Mary Hain" <Mary.Hain@enron.com> on 07/17/2000 08:45:53 AM

To:	"Christian Yoder" <Christian.Yoder@enron.com>, "Richard Sanders"
<Richard.Sanders@enron.com>, "Paul Kaufman" <Paul.Kaufman@enron.com>, Jeff
Dasovich/SFO/EES@EES, James D Steffes/HOU/EES@EES
cc:

Subject:	Subpoena

The California Electricity Oversight Board is now investigating the events
underlying the price spikes.
---------------------- Forwarded by Mary Hain/HOU/ECT on 07/17/2000 08:47 AM
---------------------------

To:   Heather Dunton/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT
cc:
Subject:  FW: CAISO Notice: EOB Request for Information

---------------------- Forwarded by Chris H Foster/HOU/ECT on 07/17/2000 10:28
AM ---------------------------

 (Embedded     Enron Capital & Trade Resources Corp.
 image moved
 to file:      From:  "Tony Wetzel"
 pic17333.pcx) <twetzel@thermoecotek.com>
               07/13/2000 11:20 AM

To:   "Chris Foster" <Chris.H.Foster@enron.com>
cc:
Subject:  FW: CAISO Notice: EOB Request for Information

Chris:
As discussed, here's the info on the EOB's request.
Tony

-----Original Message-----
From: Fuller, Don [mailto:DFuller@caiso.com]
Sent: Monday, July 03, 2000 12:08 PM
To: ISO Market Participants
Subject: CAISO Notice: EOB Request for Information

Scheduling Coordinators and Participating Transmission Owners

The ISO has received a request for information from the Electricity
Oversight Board.  Because of confidentiality provisions of the ISO tariff,
we are noticing, by way of this email, Scheduling Coordinators and
Participating Transmission Owners of the requirements.  Please see the
attached file for details and information.

Don Fuller
Director, Client Relations

(See attached file: 7-3Subpeona notice.dot)

 - pic17333.pcx
 - 7-3Subpeona notice.dot


Recent information indicates that the State of Michigan and possibly other
state and industrial parties who have challenged the EPA's NOx SIP Call
regulation in court -- and lost -- will file an appeal with the U.S. Supreme
Court this September.

As you may recall, on June 22, the U.S. Court of Appeals, D.C. Circuit,
upheld the EPA's NOx SIP Call regulations, lifted the stay on the
regulations, and mandated that states move forward with developing and
submitting State Implementation Plans (SIPs) by the end of October 2000.

States that must now develop SIPs include:  Alabama, Connecticut, Delaware,
District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maryland,
Massachusetts, Michigan, Missouri, New Jersey, New York, North Carolina,
Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, West
Virginia, Wisconsin  (Georgia, Missouri & Wisconsin were excluded from the
regulation by the Appeals Court in its original decision, but will eventually
be re-included in the SIP process)

Impact of a Supreme Court Appeal:

Parties appealing the case to the Supreme Court will likely ask for a stay of
the EPA requirement for states to submit SIPs until the case is finally
decided.    It is not certain whether or not a stay would be granted by the
Court.  An appeal can not be filed until the Court returns at the beginning
of October, and a decision on a stay might not come until after the October
30 SIP deadline, so it many states might proceed with developing their SIP
anyway.   States who choose to not develop a SIP and assume that a stay will
be granted will be taking the risk that they miss the October 30 SIP deadline
and EPA imposes its own Federal Implementation Plan (FIP) -- if the stay is
not granted, the state would have to live with the federal requirements for
NOx reductions in its state.

Another impact is that the May 2003 deadline for implementation of the rule
-- and compliance by emitting sources -- may also be delayed if the Supreme
Court imposes a stay on the regulations and accepts the case on appeal.   If
the case is accepted, a decision would not likely be reached until June 2001,
which would likely delay a compliance deadline until 2004.

We will keep you posted as this situation develops.  Right now, Environmental
Strategies is continuing to work in the states that are developing SIPs, to
ensure that the states treat new generation fairly and that market-based
solutions to NOx reduction are employed so that trading and other
opportunities for Enron businesses will be maximized.

Contacts:    Federal regulation, Court action -- Jeff Keeler 202-466-9157
  State Implementation Plan development -- Mary Schoen  713-345-7422


can we spend a few minutes talking about eol?  I've only gotten response from
jim g, doug f, and adam m.  where is everyone else?

Jeff


Sara:
Great news!  I will give her a call on Monday!  Hope all is going well.
Again, I'm happy to participate in the legal/credit meeting on Tuesday by
phone.  Alos, do we need to go through my memo?  Just call or e-mail me.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Sara Shackleton
	07/21/00 11:56 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Stephanie Panus just accepted!  She starts on August 7.


There are two additions.  AirProducts and Petrofina.


-----Original Message-----
From: Lenart, Kirk
Sent: Thursday, November 29, 2001 10:28 AM
To: Kinsey, Lisa
Subject: FW: Immediate Suspension of Gas Deliveries

AEP update just received

-----Original Message-----
From: tmurphy1@aep.com [mailto:tmurphy1@aep.com]
Sent: Thursday, November 29, 2001 10:22 AM
To: Lenart, Kirk
Cc: jvobergfell@aep.com
Subject: Immediate Suspension of Gas Deliveries

Please be advised that effective 11:00 am EST today AEP Energy Services,
Inc. is suspending deliveries of natural gas to Enron Energy Services, Inc.
and Enron North America Corp effective immediately.


Hi Mark,

As per our discussion, I need linear regression results (equation and R2),
and I'm interested in these two cases:
1) No binning of the data
2) Binning of the data using 0.5 m/s bins as done previously, in which case
the linear correlation I need is that on the bin average for the nacelle
(free-stream) and nacelle wind speeds

As a starting point, please use the spreadsheet on the transfer directory:
Philippe_G/For_MarkFisher

If at all possible, results before 4pm today would be great.  Sorry for the
last minute notice.

Philippe


Hi Gregg,

I'm looking at it.

Kay


Jeff wants to know what you think about this.  SRS

 -----Original Message-----
From:  ""m y-" <enronsato@hotmail.com>@ENRON
[mailto:IMCEANOTES-+22+BFm+20+B2+A1+22+20+3Cenronsato+40hotmail+2Ecom+3E+40ENR
ON@ENRON.com]
Sent: Saturday, June 16, 2001 2:41 AM
To: Skilling, Jeff
Subject: Crisis in Enron Japan

Dear top management,

I know how dangerous if I use my real name so please forgive me to
use this free email.
I studied Enron for a long time before there is a branch in Tokyo.
How glad when I received the offer from Enron Japan! I believe my life must
have been changed to a new chapter.

But now... I'm so disppointed with enron Japan's poor management.
We local staff think Joe and other "experts" are too young to manage
this company. Forgive my impolite, EJ is really like a kindergarden!

In order not to waste your time,I conclude some points here:

1. Joe's poor management not only makes everything confused but also
makes local staff fears. He is so cold and imprudent that Japanese is
difficult to communicate with him. I know he is from Harvard,but that
doesn't
mean he is human,he is sensitive.

2. It's very obvious that Joe conflicted with Jonathan and now we don't
think he works well with Jeremy. We want to know why you top management
always make such kind of combination. Joe only trusts the people he worked
together in Norway and Australia. He has strong discrimination with Jonathan
and Jeremy's people,also has strong discimination with local staff.

3. Enron Metal is in the same office with us but like a completely different
company. No any communication between Enron Japan and Enron metal.The same
situation can be seen with E-power.Japanese mass media are suprised why
Enron
set up two companies in Japan. E-power is enough!!! Look at GE, why they
succeed
the business in Asia. They make joint venture company first. Until they are
convinced they can succeed, they open branch. Learn from GE!

4. The experts from overseas countries are really cheeky,they are not modest
to hear local staff's opinions but just push their methods to us. We can't
see any
democracy in this company!! If you want to succed your business,you should
also
hear some opposite ideas.You shouldn't alianate the people who say different
things! We don't need young associate! Let them go home!!

5. We don't need young experts because Japanese clients won't do business
if the counterparty is too young. All of the young experts should go home.
They are wasting enron's money!! To send young experts here doesn't match
Japanese culture.

All of these are true. I love Enron and want to see Enron Japan become a
comfortable and profitable place to work.

Thanks&regards
Sato

_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.


Rosanna:
This most recent year I was in the power trading group for Enron working in the Northeast market, where I was a junior trader, but doing alot of senior trader type stuff.  I would be interested in talking with those guys if they are looking for someone like myself.  I know that most of the senior traders are staying with UBS.  There are a couple who have been looking elsewhere, some I think with Goldman.  Let me see where those guys are at.  I will send you my resume when I get home, so you will see it come through my home e-mail.  Thanks again and talk to you soon.
Ben

 -----Original Message-----
From: 	Rosanna Migliaccio <Rosanna.Migliaccio@robertwalters.com>@ENRON
Sent:	Wednesday, January 30, 2002 2:58 PM
To:	Rogers, Benjamin
Subject:

Ben,
I don't know who you may know on the trading side.  Goldman Sachs is looking
for a Senior Power Trader, paying anywhere from 150-180 on a base salary
with the bonus ranging anywhere from 3-500k.  They will guarantee the
compensation for the first year.  Do you know of anyone falling out there
who might be interested?  I appreciate the referrals.
Thanks,
Rosanna

Rosanna Migliaccio
Vice President
Robert Walters Associates
(212) 704-9900
Fax: (212) 704-4312
mailto:rosanna@robertwalters.com
http://www.robertwalters.com

**********************************************************************
CAUTION: Electronic mail sent through the Internet is not secure and could
be intercepted by a third party.

This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
are addressed. If you have received this email in error please notify
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This footnote also confirms that this email message has been swept by
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OLSON,CINDY K  has suggested reviewers and submitted them for your approval.
You may review/modify this list of reviewers by logging on to PEP at
http://pep.corp.enron.com  and going to Supervisor Services.  Please
remember, no feedback can be completed on OLSON,CINDY K  until you have
approved the list.


The recipient of the 2000 Chairman's Award has been selected.  Read all about
it!

Also in this issue:
German gas monopolies
Emissions trading
Enron's status as market maker with NordPool
Trading satellite capacity

It's all in the latest eBiz.  Go to home.enron.com, click Publications, then
click eBiz, and "eBiz November 17, 2000."


Hey,
Brent has started a softball team to play on Sunday evenings.  He wants to
know if you are interested.
DG


>  A rich white lawyer in Georgia decided that he wanted to throw a
>  party and invited all of his buddies and neighbors. He also invited
>  LeRoy, the token black guy in the neighborhood. The party was
>  held around the pool in the backyard of the lawyers mansion.
>  Everyone was having a good time drinking, dancing, eating shrimp,
>  oysters, and BBQ, and flirting with the women.
>
>  At the height of the party the rich white lawyer dude said, "I have a 10ft
>  man-eating gator in my pool and I'll give a million dollars to anyone who
>  has the guts to jump in." The words were barely out of the rich white
>  lawyer's mouth when there was a loud splash and everyone turned
>  around and saw  Leroy in the pool!  Leroy was fighting the gator and
>  kicking it's ass!  Leroy was jabbing the gator in the eyes with his
>  thumbs, throwing punches, doing all kinds of stuff like head butts and
>  choke holds, biting the gator on the tail and flipping the gator through
>  the air like some kind of Japanese Judo Instructor. The water was
>  churning and splashing everywhere. Both Leroy and the gator were
>  screaming and raising hell. Finally Leroy strangled the
>  gator and let it sink to the bottom like a K-mart goldfish. Leroy then
>  slowly climbed out of the pool.  Everyone was just staring at him
>  in disbelief. Finally, the rich white lawyer says,
>
>  "Well, Leroy, I reckon I owe you a million dollars."
>  "No, that's okay. I don't want it," said Leroy.
>
>  The rich white lawyer insisted. "Man,
>  I have to give you something. You won the bet.
>
>  How about half a million bucks then?" "No thanks.  I don't want it,"
>  answered Leroy. The white lawyer said, "Come on, I insist on giving
>  you something. That was amazing.  How about a new Porsche and a
>  Rolex and some stock options?"  Still, the brother said no.  So, the
>  confused rich white lawyer said, "Well, Leroy, then what do you want?"
>
>  Leroy said, "I want the name of the son of a bitch who pushed
>  me into the pool..."


Edison has filed with the Court of Appeals the attached petition for a writ
of review?of?the final order of the CPUC that "erroneously establishes a
rate  of purchase for sales of energy to Edison by certain generators in
violation of  governing federal law."
?
Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.?  Suite 244
Woodland Hills, CA 91367
Tel:?? (818)  596-2201
Fax:? (818) 346-6502
douglass@energyattorney.com
 - 07-16-01 D01-01-007 and D01-06-043 Petition For Writ.doc


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Dear Jeffrey,

Izio Support has just added you to their course, E278-1.

If you feel that this is an error, please email them at: iziosupport@convene.com

If you have any questions or comments regarding this email or the Iziosystem, please forward them to: IzioSupport@convene.com.

Sincerely,

The IzioTeam.

===========================================
This message was sent from the Izio system at http://haas.Izio.convene.com.
If you have any questions or comments regarding this email or the Izio system, please forward them to IzioSupport@convene.com.


Mr. Schiff,
Attached for your review is the proposed form of Enron Corp. Guaranty, which will guarantee the obligations of Enron North America Corp. and Enron Capital & Trade Resources International Corp. under their respective agreements with Carr Futures Inc.

Stephanie Panus
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803C
Houston, Texas  77002
ph:  713.345.3249
fax:  713.646.3490
email:  stephanie.panus@enron.com


october preliminary invoice:


Sherlyn,

Tuesday, around 2pm works for me and the Texas group.

D

 -----Original Message-----
From: 	Schumack, Sherlyn
Sent:	Wednesday, October 03, 2001 10:37 AM
To:	Smith, George F.; Farmer, Daren J.
Subject:	Cross training with Volume Management

George and Daren,

Will Tuesday, October 9, 2001 be a good time to set up an hour to cross train your groups on Volume Management processes?  I guess it is not really cross training, but showing them our processes and how logisitics impact our actualizing process.


Here's some general mumbo-jumbo on what we discussed the other day.

As next steps, we need to integrate these policy statements with Roger's
analysis and comments on PGE.

Have a good weekend.


Presentation is at 3:00, room 2236, Bayou Building, Geynille Dillingham
coordinating


Given the evolution of a number of our businesses, we have decided to make an
organizational change.  The change is in response to a number of factors.
First, as a part of our new initiative in Enron Net Works, it is becoming
clear that we have the opportunity to quickly expand Enron,s underlying
business model to other commodity markets.  Such an expansion requires a
coordinated focus on strategy as we select and develop these opportunities.
Second, the success of EnronOnline and the continued expansion of our
wholesale activities in North America and Europe have increased the
coordination requirements across our North American and European operations.
As a result of these two factors, we are making the following organizational
changes effective immediately:

Cliff Baxter will move from Enron North America to Enron Corp. as Executive
Vice President and Chief Strategy Officer.
Mark Frevert will become Chairman and CEO of North America, replacing Cliff.
In addition, Mark will remain Chairman of Enron Europe.
John Sherriff will become President and CEO of Enron Europe.

We are confident that these changes will increase the effectiveness of our
organization.  Please join us in congratulating Cliff, Mark and John on their
new responsibilities.


Mark -- we need to discuss when you have a moment.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490
----- Forwarded by Travis McCullough/HOU/ECT on 11/07/2000 01:56 PM -----

	"Joe Wright" <joe.wright@truequote.com>
	11/07/2000 01:32 PM

		 To: <travis.mccullough@enron.com>
		 cc: "Chris Edmonds"@carvey.adgrafix.com
		 Subject: Provisions relating to enrononline link in Posting Agreement

Travis,

Attached is a revised section of our Access Agreement relating to the
enrononline link.  The language is that provided by Enron that you wanted us
to contain in our agreement.  However, the CFTC wants revisions to this part
as shown by the redlined changes before the No-Action Letter will issue.
Please review and get back to me.

Also, during our conversation with the CFTC today we were again asked the
status of the representations we must make re insider trading and any
potential disqualifications re 10% investors.  Please let me know as soon as
possible whether Enron has any problem with this.

Joe Wright

 - enronsectionrevised.doc


Marshall,

Sorry for a delay in responding to you.
My HR people were asked to get in touch with you re
the candidates.

Vince

Marshall Brown <Marshall.Brown@robertwalters.com> on 03/27/2001 02:36:12 PM
To: "'Vince Kaminski'" <vkamins@ect.enron.com>
cc:
Subject: Interviews

Vince,
     I had two candidates speak with Zamin Lu on 3/14/01 and 3/16/01.
(Renshi Zhang and Bill Koures respectively).  I know you were in London last
week.  If you could please give me some feedback (either positive or
negative) as soon as possible, I would appreciate it.
Regards,

Marshall Brown
Vice President
Robert Walters Associates
Phone: 212-704-0596
Fax: 212-704-4312
marshall.brown@robertwalters.com

**********************************************************************
CAUTION: Electronic mail sent through the Internet is not secure and could
be intercepted by a third party.

This email and any files transmitted with it are confidential and
intended solely for the use of the individual or entity to whom they
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This footnote also confirms that this email message has been swept by
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FROM BARBARA GRAY AND JEFF HODGE:

Due to conflicting meetings and a number of the "Group" out of the office on
business, the regularly scheduled Group Staff Meeting  is cancelled for
today.


Thanks for the helpful message.  I'll go ahead and order her one--I think
I'll let her decide where she wants it, as two chairs sounds a bit over the
top.  DF

	From:  Norma Hasenjager                           01/16/2001 08:33 AM

To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Request to purchase chair(s) for Susan

We do not have a "policy" regarding the ergonomic chairs.  From my
experience, management can approve this request if it is reasonable
(generally, if the person making the request is confined to long hours in an
office chair which could potentially cause or worsen back problems) and if
they have money in the budget as the cost would be borne by the department.
I understand that Pat Scarsborrow (sp?) at 3-5368 is the person in Property
in Houston to contact for these chairs.  I also found out that any time new
furniture is ordered, that these chairs are now standard issue.  Our Safety
person indicated that OSHA is coming out with new rules this year which may
require that companies provide this benefit to employees, so you may as well
get ahead of the game.  I'm told that it generally takes 2-3 months after the
order is placed before the chairs arrive.

Please let me know if you have any other questions in this regad.

Drew Fossum
01/13/2001 09:45 AM
To: Norma Hasenjager/ET&S/Enron@ENRON
cc:

Subject: Request to purchase chair(s) for Susan

Lou, do we have any sort of policy on requests like this?  Lee Huber made the
same request last year and we gave her the chair (she only wanted one,
however).  Norma, any thoughts?
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/13/2001
09:43 AM ---------------------------

DENISE LAGESSE
01/12/2001 01:14 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON

Subject: Request to purchase chair(s) for Susan

Susan Scott would like authorization to order an Aeron chair for each of her
offices - on 47 and 41.  This particular chair is designed to help with back
problems, which she has.  Many people at Enron already have this type of
chair, but we rarely, if ever, have a surplus because they are so popular.
The cost is $567.77 per chair plus tax.  Please approve the purchase of two.
Thanks!


Sandi Braband has been out of the office all day again today, working in the
Data Room across the street.  She asked me to remind you that Gerald Nemec is
your contact for the Agreement you wanted to talk to her about.  Gerald's
extension is 33512.


We will be here  for Saturday practice but not for Tuesday.       ????  for
Baseball fest.

"Jeff Lake" <lake@argolink.net> on 03/08/2001 03:09:16 PM
To: "William Crump" <prcrump@msn.com>, "Will McCallum" <km@kjmccallum.com>,
"Steve Evans" <evanssk@aol.com>, "Randy Crump" <prcrump@dcf.com>, "Michael
Swearingin" <Elizabeth.O.Swearingin@WellsFargo.com>, "Jim West"
<jwest@houston.rr.com>, "Jane Evans" <JBEVANS123@aol.com>, "Eric Hurst"
<beth.hurst@abnamro.com>, "Connor Dougherty" <dbd@whplaw.com>, "Connor
Dougherty" <doughertymd@aol.com>, "Colton Robey" <probey@energyUSA.com>,
"Colton Robey" <probey1@aol.com>, "Brett Neal" <sneal12@mindspring.com>,
"Brett Neal" <Scott.neal@enron.com>, "Anderson Mohle" <tandmolehill@ev1.net>,
"Roger Hurst" <rhurst@pdq.net>
cc:
Subject:

Rockhounds,
?
The game tonight has been cancelled.? I  just recieved the game schedule and
I will get it out to you later?tonight.
?
I also need to know from some of you your availability for  Sat. 9am?& Tues.
9am practices, and Baseball Fest (March 24th). If  you've already responded,
no need to again. Thanks.
?
Jeff


----- Forwarded by Elizabeth Sager/HOU/ECT on 01/22/2001 11:54 AM -----

	William S Bradford
	01/22/2001 10:47 AM

		 To: Lisa Mellencamp/HOU/ECT@ECT, Elizabeth Sager/HOU/ECT@ECT, Travis
McCullough/HOU/ECT@ECT
		 cc:
		 Subject: Re: EES Gas Exposure w/ PG&E as of 1/19/01

FYI.  Call with questions.

---------------------- Forwarded by William S Bradford/HOU/ECT on 01/22/2001
09:49 AM ---------------------------

From:  Wendy Conwell @ ENRON
           01/22/2001 10:16 AM

To: William S Bradford/HOU/ECT@ECT
cc:
Subject: Re: EES Gas Exposure w/ PG&E as of 1/19/01

Thanks and below is the 01/19/01 California Exposure numbers adjusted for new
Gas Exposure numbers and the taxes payable due from Quantum.

Wendy

	From:  William S Bradford @ ECT                           01/22/2001 10:12 AM

To: Wendy Conwell/NA/Enron@ENRON
cc:

Subject: EES Gas Exposure w/ PG&E as of 1/19/01

---------------------- Forwarded by William S Bradford/HOU/ECT on 01/22/2001
09:14 AM ---------------------------

MONICA HWANG@EES
01/22/2001 10:09 AM
To: William S Bradford/HOU/ECT@ECT
cc: Neil Hong/HOU/EES@EES, Meredith M Eggleston/HOU/EES@EES, Wanda
Curry/HOU/EES@EES, Dan Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Don
Black/HOU/EES@EES
Subject: EES Gas Exposure w/ PG&E as of 1/19/01

Bill,

* Gas desk: the exposure w/ PG&E as of 1/19/01 is about $4.3 mm (increase of
$0.4 mm).  Please note that the report now shows the max exposure to PG&E
across all EES Gas portfolios.

Please let me know if you have any questions.

Thanks,
Monica


---------------------- Forwarded by Phillip M Love/HOU/ECT on 05/24/2000
12:31 PM ---------------------------

"Jason Dobbs" <jmjaked@mindspring.com> on 05/23/2000 10:40:13 PM
To: "tyson davis" <zeked@mindspring.com>, "tony autry"
<bones@pepperlink.net>, "phil love--work" <plove@enron.com>, "louis bowen"
<bowenx2@pepperlink.net>, "Jim Wood" <jwood@regionsbank.com>, "frank bori"
<frank4au@altell.net>, "Chad Wigington" <CHADWIGG@YOURLINK.NET>, "Caleb"
<dobbsmw@mail.auburn.edu>, "Boo Boo" <Shane.Dobbs@fctg.com>
cc:
Subject: Fw: Thirsty..This one is bad

?
----- Original Message -----
From: WhaleyJeri@russellcorp.com
To: billy.whaley@mindspring.com ; jmjaked@mindspring.com ; russell@alaweb.com
 ; SmithMartin@russellcorp.com ; DaltonChrisW@russellcorp.com ;
WelchGlen@russellcorp.com ; LassmanLarry@russellcorp.com ;
MayfieldRobin@russellcorp.com ; HannaLinda@russellcorp.com ;
KinmanSundra@russellcorp.com ; CarwileSheila@russellcorp.com ;
carriejwaldrop@aol.com ; Laura_Shanahan@mail.dnr.state.ga.us  ;
lizwood@erols.com ; jprugh@mtsu.edu ; alward@caribiner.com ;
ehbrussell@aol.com  ; kking@aidb.state.al.us ; jblaul@mindspring.com
Sent: Tuesday, May 23, 2000 6:37 AM
Subject: FW: Thirsty..This one is bad

-----Original Message-----
From:?? Melissa  Whisenant [SMTP:Flipper@hiwaay.net]
Sent:?? Tuesday, May 23, 2000 12:49 AM
To:???? Terri Jean  Fuller; Roland & Patricia Watts; Kathy Fuller; Jeri Lynn
Whaley; Robert and  Brenda Dabbs; Josh Bondeson; jw brewer; Sandra Hauck;
Nickie Allison; JENNY  TUCKER

Subject:??????? Fw:? Thirsty..This one is bad

<<thirsty.mpg>>

 - thirsty.mpg


We have deleted Exhibit U from the break out contracts. In other words, the
version they received has been superceded. I'll have to see what I can figure
out about where the old reference came from.


The attached file contains the May '00 Baseload citygate and storage
injection/(withdrawal) requirements.   Please note the caveats in the Comments
worksheet.  We will address those promptly on Monday.    CES personnel note
that the attached file is archived on the network in P:\Energy
Ops\Enron\May_00\  so you don't need to save it elsewhere.

Have a nice weekend.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Reqs.xls


The attached file contains our daily volume requirements for  4/17 and  the
following day(s) as listed .    There are three  worksheets labelled as
follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\April_00\Daily\ *.xls, so you don't have to save a
duplicate copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'TCO Storage':  Shows the daily swings taken by CES on its (paper) storage
injection for the month.    Daily swings on TCO storage may be used to meet
some or all of the daily swings at delivery points off TCO as shown in the
"Daily Change' worksheet.    Note: This worksheet not provided due to issues
related to TCO storage.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 04-17-00 daily volsAM.xls


The NYISO Back-Up Dispatch System  is scheduled to be tested on Tuesday,
February 12 ,2002.  The test will begin at about 10:30 a.m. and last for
approximately one hour.

Security Constrained Dispatch (SCD) will be stopped, but the mainframe
computer will continue to operate, allowing the NYISO to monitor security.
If a situation occurs, the Shift Supervisor will be able to re-start SCD
and take appropriate action.  The Market Information System (MIS) and
Balancing Market Evaluation (BME) will remain available during the test.

If you have any questions, please call Customer Relations at 518-356-6060.

---
You are currently subscribed to nyiso_tie as: benjamin.rogers@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-628650Q@lyris.nyiso.com


?
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
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[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
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														Enerfax Daily

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																						Looking  for a past article or issue. Click here to use Sagewave's  Search.

																					Enerfax  Daily? -? Page  ? -? November 13,  2000

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																										Enerfax  Daily? -?  Page 4? -?  November 13, 2000 -? ?  Past  Issues
Available on Sagewave

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																								AEC  Sole Owner of Express Pipeline

																								?  ? Standard & Poor's has issued a CreditWatch update  indicating that the
rating on the $146.6 million senior secured  notes issued by the Express
pipeline project could be adversely  affected. AEC has exercised its option
for the purchase of  TransCanada's 50% interest in the Express Pipeline
Project and  Marquest, a marketing vehicle directly and indirectly owned
equally  by AEC and TransCanada. The project is a 1,717-mile-long pipeline
that runs from Hardisty, Alberta to Wood River, Illinois.

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																									Financial Summary

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																				")} TC
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-----Original Message-----
From:  Cross, Edith
Sent: Thursday, April 12, 2001 4:53 PM
To: Morse, Brad; Rorschach, Reagan
Subject: MDEA Comments

Here are my comments on the MDEA draft:

1)  It is my understanding that the TECO-Frontera contract was used as a
template for MDEA.  I would like to clarify the differences between the TECO
deal and the MDEA deal.  The TECO-Frontera deal consists of EPMI marketing
the excess capacity off the Frontera plant.  TECO has some existing sales off
that plant which are not incorporated in our profit sharing arrangement
("Existing Transactions").  Also, we agreed to work with them to sell
"Structured Transactions" off the plant.  The "Back-to-Back Transactions"
refer to the daily sale of MW off the plant, that EPMI is sleeving for TECO.
I understand that we may have opportunities to sell excess generation off
MDEA's generation assets, however, I don't think the bulk of the contract
should focus on this.  There is little mention of the obligation to serve the
Native Load through 3rd party transactions, which as I understand it, is the
intent of the MDEA deal.

2)  Definitions section:

 Existing Transactions - defined as MDEA having prior obligations to sell
energy etc.  - I don't think MDEA has any of these outside of their Native
Load.

 Marketing Strategy - This mentions a Trading and Risk policy.  The policy
used for TECO  mentions that EPMI will provide VAR reports.  This will not be
done for    Clarksdale/Yazoo.

3)  Section 4 - Availability of Products; Metering

 Risk of loss and all price, credit, and unit contingency....      I thought
we were bearing credit risk with 3rd parties.

 Further down in the paragraph in parens... (and execute a Confirmation
evidencing such obligation)...   We need to check with the Deal Clearing
group what they will be   confirming.  Normally, hourly trades do not get
confirmed.  I have not yet informed anyone in confirms about this deal
because I was assuming we would not have to provide   confirms to MDEA.
Please let me know if this is not the case.

4)  Section 8 - Performance Standards

 (b) (1) Availability calculation is using 480 MW, this is the Frontera plant
capacity.

5)  Section 9 - Delivery Point and Title

 What about sales to MDEA from EPMI (this goes back to my statement in #1
that this contract focuses more on the buy side instead of the sale).

6)  Section 11 - Fuel management services

 I thought we were sleeving the gas, therefore, EPMI will be a party to the
Fuel Related Transactions.

6)  Section 16 - Payment and Fees

 Existing Transaction Costs are mentioned - These may be irrelevant to this
section

 "Market Proceeds"  - I think this should more specifically state that this
is only in relation to the Mwhrs sold off their facilities to a 3rd party.

 MOST IMPORTANTLY - There is no mention of how EPMI will be reimbursed for
the power that we purchase on MDEA's behalf.  I expect that this will be most
of the    settlement activity related to this deal.

7)  Exhibit [] REPORTS

 1) Profit & Loss, Risk Statement - This says that we will track the change
in value of the power output.  We are not going to monitor the forward value
of their positions.

 2)  Position Statement - This will not be done at all.  To truly give an
accurate position statement, we would need to forecast their load for the
next two years, and then   economically dispatch the plants to see what their
net short position is.  I don't think this is relevant, and per my previous
conversations with Reagan, we are not doing this.

 In the TECO agreement, we are giving a forward view of the value of the
plant.  This cannot be done for MDEA because we cannot determine when we are
dispatching to   serve their load or to sell to a 3rd party.

This is all for now....

E


Sharon,

I have the confirmations on my desk for the deals that you requested, with
the exception of two deals.  Deal N60753.4 and N60753.6 were booked to change
an existing deal (N60753.3) from a financial swap to a physical forward.  We
will have the paperwork on those two deals after lunch -- we're getting them
from the Structuring group.

The NG price curve, outside of the first 36 months, is set based on market
quotes and daily activity, as well as trend calculations and differentials.

I will let you know as soon as I have the confirms for the other two deal.

Thanks,

Errol McLaughlin


-----Original Message-----
From:  Nemec, Gerald
Sent: Friday, June 01, 2001 4:23 PM
To: arlanz@mexis.com
Cc: Tycholiz, Barry; Miller, Stephanie
Subject: Final Docs.

Attached are the final documents which includes

1.  Agency and Management Agreement - Clean and Redlined copy which shows the
changes per my discussion with Jay Goleb at Baker & Botts
2.  Gas Confirm for June 1 thru June 4, 2001
3.  Gas Confirm for June 5 thru June 30, 2001
4.  Gas Conform for July 1 thru October 31, 2001
5.  GTC which applies to all three confirms
6.  Agency Notice Letter - Mexicana to send to its Permian suppliers for
notice of Enron's agency.

Please print out and execute documents 1 thru 5 and fax to Barry Tycholiz.
We will follow up with duplicate originals for execution.  Thanks for all
your cooperation.

 << File: Agency & Management Agreement FINAL2.doc >>  << File: Agency &
Management Agreement FINAL2(red).doc >>
 << File: MEXICANA (CONFIRM)(4 Day).doc >>  << File: MEXICANA (CONFIRM)(June
5 - June 30).doc >>  << File: MEXICANA (CONFIRM)(July1 - October 31).doc >>
 << File: Mexicana (GTC)1.DOC >>
 << File: Supplier Agency Notice Letter.doc >>


I thought we should have be taxable to the toon of 100 Million.  Give me a
call when you get a chance.


Well, we are supposed to have a game tonight at 7:30 - with the weather,
though, I don't know where that stands.
Assuming the weather clears up, please let me know whether or not you will
make it tonight.


Now I remember. Call me if you get this in the next 20 minutes.

	Andrew Edison@ENRON
	03/23/2001 05:00 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: Re: Enron Metals v. Pan Ocean

This is the matter I have been working on for Enron Metals.  Enron Metals
hired Pan Ocean as charterer.  Enron Metals needed to ship some metal from
somewhere in Asia to Baltimore.  The ship was arrested in Hawaii in November
and has not sailed since.  We are going to file an arbitration against Pan
Ocean seeking to recover the damages we have suffered as a result of not
being able to get our product to Baltimore.  Estimated damages: approx. $1
million.  We hired Heallie & Baille back in January to assist (not Leroy).

	Richard B Sanders@ECT
	03/23/01 08:58 AM

		 To: Andrew Edison/NA/Enron@ENRON
		 cc:
		 Subject: Re: Enron Metals v. Pan Ocean

what is this case?

	Andrew Edison@ENRON
	03/23/2001 12:36 AM

		 To: Rob Walls/ENRON@enronXgate, James Derrick/Enron@EnronXGate, Rex
Rogers/Enron@EnronXGate, Stephen Wallace/Enron@EnronXGate, Eric
Newell/EWC/Enron@ENRON, Michael P Moran/Enron@EnronXGate, Rebecca
Carter/Corp/Enron@ENRON, Mark E Haedicke/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Robert Williams/ENRON@enronxgate, Jordan
Mintz/Enron@EnronXGate, Elizabeth Labanowski/Enron@EnronXGate, Randy
Young/NA/Enron@Enron, Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Vicki Sharp/HOU/EES@EES,
John Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, John
Ale/HOU/AZURIX@AZURIX, Kristina Mordaunt/Enron Communications@Enron
Communications, Molly Sample/Houston/Eott@Eott, Janet Place/NPNG/Enron@ENRON,
Jim Armogida/Enron@EnronXGate, Mark Evans/Legal/LON/ECT@ECT, Limor
Nissan/NYC/MGUSA@MGUSA, Charles Cheek/Enron@EnronXGate
		 cc:
		 Subject: Enron Metals v. Pan Ocean

Enron Metals is considering filing a breach of contract arbitration
proceeding against Pan Ocean Ltd. and Panobulk America.

If you are aware of any reason that Pan Ocean Ltd. and Panobulk America
should not be sued, please call me at 713-345-7105 or e-mail me by the end of
business on Monday, March 26, 2001.  If I do not hear from you by then, I
will assume that you have no objection to Enron Metals instituting this
litigation.

Thanks for your assistance.


Sent on behalf of Bruce McMills:

For 2/17, the nom into Eastrans is 40,000 MMBtu, which is 37,313 Mcf @ 1072
btu.
Please increase nom into PG & E to 33,000 MMBtu.  7,000 will come from
Fuels Cotton Valley, and sale of 500 MMBtu//d remains in place.

If there are any problems please contact Chad Cass at 713-627-6202.

Thanks


-----Original Message-----
From: TFreund [mailto:tfreund1@mailman.enron.com]
Sent: Monday, December 17, 2001 4:40 PM
To: Loibl, Kori
Cc: Jones, Brad; Olney, Matthew
Subject: Fw: Affiliate & Prepay Instructions

----- Original Message -----
From: TFreund <mailto:tfreund1>
To: brad.jones@enron.com <mailto:brad.jones@enron.com> ; matt.olney@enron.com <mailto:matt.olney@enron.com>
Sent: Monday, December 17, 2001 2:11 PM
Subject: Affiliate & Prepay Instructions

Affiliate Book:

Double click on copy post id icon.
Name and password are the same:  affiliate.
Copy prior day's post id's only.  No new day.
Copy these post id's down.

Open Affiliate File:

Put in first post id on top page tab.
On Input tab, run 3 macros:  today, clear daily & top page.

All check figures should be zero.  Print a copy of report page and give to Thomas.
Save a back-up copy.

Officialize post id's for rolls 1,3,2,7,8,9,10.
Only roll one should have any value.

Prepay Book:

Open post id file. o/erms/erms_adm/prepays/Dec01/PPPID.xls
Open Meta-Calc  (password is the same kloibl_pc)
Input prior days meta id.
Copy.
Calculate.
Hit Refresh button to see status of calc.
When Status says done, click on official box in upper left hand corner.
Save.
Make sure you write down today's meta-id and post id in post id file.
Close.

Open prepay file:
o/erms/erms_adm/prepays/Dec01/1201_pp.
Put first post id on top page tab.
On input tab, run copy daily macro.
This macro takes about 5 minutes.
When finished, the Input page check figures should all be zero.
Save.
If you want, print a copy of report page and put in file in left hand filing drawer marked prepays.  No big deal if you don't.
Save a back-up copy.

You do not need to give Thomas anything.

If you need anything call me at Tim's.
620-672-2237 home
620-770-0734 cell

We are leaving Thursday to go to Cancun, so I will be unavailable until Monday.  Hopefully you guys shouldn't have any problems, but if you need anything at all, don't hesitate to call.


Just let Mr. De Dalmas know that I asked someone to respond.  SS
----- Forwarded by Sara Shackleton/HOU/ECT on 09/01/2000 11:43 AM -----

	Sheila Glover
	08/01/2000 09:47 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 cc:
		 Subject: CSFB legal docs

---------------------- Forwarded by Sheila Glover/HOU/ECT on 08/01/2000 09:41
AM ---------------------------

"De Dalmas, Guillaume" <guillaume.dedalmas@csfb.com> on 08/01/2000 09:31:17 AM
To: "'sheila.glover@enron.com'" <sheila.glover@enron.com>
cc:
Subject: CSFB legal docs

Dear Sheila

My colleagues have told me that you have received the following CSFB
documents.

* PrimeTrade access agreement
* standardized give ups
* clearing docs
* futures fees.

Please let me know if you need any help or have any questions , I will make
sure that you get answers right away.

Sincerely

G de Dalmas

Guillaume de Dalmas
Director
CREDIT | FIRST
SUISSE | BOSTON
Prime Brokerage & Listed Derivatives
Eleven Madison Avenue
New York, NY 10010-3629
email:guillaume.dedalmas@csfb.com
Tel:      212-325-2730
Fax:     603-250-4916
Mobile: 914-830-4842

[INFO] -- Content Manager:
This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


ERMS contact list....if you're interested

 -----Original Message-----
From: 	Wei, Zhiyong
Sent:	Tuesday, June 12, 2001 3:11 PM
To:	Keiser, Kam
Subject:	RE: contact list

Kam,

Please see the attached file for the information you asked for.

Regards

Zhiyong

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Monday, June 11, 2001 9:26 AM
To:	Wei, Zhiyong
Subject:	contact list

Zhiyong,

Since there are so many new people in your group we are not quite sure who we should call for specific issues.  Do you keep a responsibility matrix that we could use so we are not calling Jeremy for every issue?

Kam


Yes, I've been contacted by Paul Puchot in Global Finance.  There is some type of meeting this afternoon.  It is not clear to anyone which Enron company is involved.  FYI - I was in  the midst of negotiating an ISDA with BSIL for Enron Corp. with respect to potential forward deals.

Sara

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Wednesday, October 03, 2001 10:51 AM
To:	Shackleton, Sara
Subject:	FW: Bear Stearns International Ltd.

Are you working on Bruin?  Davis Thames told me Kristina Mordaunt is leading, but if involves ENA ISDA makes sense for you to be working with them on that portion.

Thanks,
Tanya

 -----Original Message-----
From: 	Boyd, Samantha
Sent:	Tuesday, October 02, 2001 2:36 PM
To:	Dawson, Matthew; Cooper, Edmund
Cc:	Jones, Tanya; Rohauer, Tanya
Subject:	Bear Stearns International Ltd.

I received a phone call from Nancy Bauer with Bear Stearns International Ltd. ("Bear Stearns").  Nancy has  informed me that Bear Stearns will be doing a large trade with Enron North America Corp. ("ENA") very soon.  Their goal is to get an ISDA Master Agreement in place quickly.  Bear Stearns would like for the ISDA Master Agreement with ENA to mirror the ISDA Master Agreement dated July 3, 2000 between Enron Credit Limited and Bear Stearns.

My review of our Lotus Notes database did not reveal that Enron Credit Limited has a Master Agreement with Bear Stearns.  If this Master Agreement has been executed, please make an entry for it in Lotus Notes.  Also, please e-mail me a copy of the execution version of the Enron Credit Limited and Bear Stearns Master Agreement for legal and credit in Houston to review.  Since time is of the essence, your attention to this matter is greatly appreciated.

Samantha M. Boyd
Senior Legal Specialist
Enron Wholesale Services
1400 Smith Street, EB3803
Houston, Texas 77002
Ph:  (713) 853-9188
Fax:  (713) 646-3490


Guess what?  The closing party isn't until Feb. 8.  I had the wrong week!
Glad I didn't show up on the wrong day....

BEAUTIFUL weather.  Might want to sit outside and have a little cocktail (or
equivalent) tonight.  I had Mexican food for lunch, so popcorn for dinner!

Love,

Kay


Jana,

Sorry, I shall be in Florida this Thursday.
I am speaking at a conference in Key Biscayne.

Talk to you soon.

Vince

Jlpnymex@aol.com on 03/28/2000 09:32:16 AM
To: Doris.A.Abernathy@ucm.com, nalexander@texasmonthly.emmis.com,
blackj@wellsfargo.com, ckcrews@swbell.net, rclark@nymex.com,
KCDunnagan@aol.com, rdyerlaw@houston.rr.com, ggulen@uh.edu,
lesley.guthrie@cpa.state.tx.us, elizabethherring@pzlqs.com,
eric.hoffman@esso.com, khcnb@arkansas.net, Michael.Jacobs@hq.doe.gov,
vkamins@enron.com, info@nutritionsoundbites.com, KimMorrell@excite.com,
adrian.a.nunez@usa.conoco.com, elizabeth_oldroyd@americancentury.com,
Woodybc@bp.com
cc:
Subject: (no subject)

Dear Friends:

It is time for Rockin' at Rockefellers which benefits the Houston Symphony!

This is your chance to dance, your date to associate,and your option to
auction!

Join us Thursday, April 6, from 7-10 p.m. at the legendary Rockefeller Hallon
historic Washington Avenue at Heights Blvd.  Dance the night away to the
sounds of Sammy Relford and friends and enjoy an open bar and light hors
d'oeuvres, and a silent auction full of unique, celebrity items.  Tickets are
$20 in advance, and $25 at the door.  Invite your friends, and join us there!

Jana Phillips


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/12/2001
09:36 AM ---------------------------

Dobbs_Shane <Shane.Dobbs@fctg.com> on 04/12/2001 09:18:38 AM
To: beth <bethbyerley@yahoo.com>, Bev <BeverlyFulghum@andrewcollege.edu>,
Bonnie <tharpbl@eng.auburn.edu>, Brooke <brooke@megagate.com>, Bud
<dobbsmw@auburn.edu>, chance <chancewood@hotmail.com>, Emily
<hamptone@booksamillion.com>, Fulford <fulfordb@aol.com>, Jim
<jwood@regionsbank.com>, LD <gwave85@hotmail.com>, Matt
<doobsie@bellsouth.net>, "Ms. Laura" <lebrown76@hotmail.com>, ONE-up
<dobbswn@auburn.edu>, Phil <Phillip.M.Love@enron.com>, Robin
<robincass@hotmail.com>, Stacy <bearden@us.ibm.com>, Watch-it!
<melfrench3@aol.com>
cc:
Subject: FW: Documentation

-----Original Message-----
From: Kassouf_Michael
Sent: Thursday, April 12, 2001 9:17 AM
To: BIFP TRADERS
Cc: 'Dennis Scala'
Subject: Documentation

 - Chinese Apology.jpg


----- Forwarded by Tana Jones/HOU/ECT on 06/30/2000 11:04 AM -----

	John Malowney
	06/30/2000 10:53 AM

		 To: Robert McCullough <robert@mresearch.com> @ ENRON
		 cc: Doug Thomas <Doug.Thomas@bellcold.com>, John Cameron
<johncameron@dwt.com>, Tracy Ngo/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
		 Subject: Re: We need actual bottom line numbers -- no "notional" stuff,
right?

Then we pass.... there is no sense going through "yesterdays fire drill" when
we don't have the necessary "paper" in place in order to execute.  We
appreciate the interest, next time with a little more forewarning, I'm sure
Enron will competitively be in the hunt.  Let us know is you'd like us to
continue working on the necessary contracts for future use.  Thanks, John

	Enron Capital & Trade Resources Corp.

	From:  Robert McCullough <robert@mresearch.com>
06/30/2000 08:21 AM

To: John Malowney <John.Malowney@enron.com>
cc:
Subject: We need actual bottom line numbers -- no "notional" stuff, right?

Clients are hopping up and down -- I am expecting a beer for my loyal
Enron services this week . . .


The Annual Compliance Meeting has been rescheduled for November 8, 2001 from 8:30 to 10:00 at the Doubletree Hotel, LaSalle Room B.  I apologize for any inconvenience this has caused you.   Please change your calendars and we will see you on November 8th.  Thank you and if you have any questions, please call me at ext. 31939.

Donna Lowry
Sr. Director
RAC Compliance
(713) 853-1939
(713) 646-4039 fax


Nice compliment.  We shoudl discuss putting together an automated sheet each
day for cash trading.  Please get together with me and the fundies group to
work out a report.

Thanks,
Mike


No room at the inn for today and probably not tomorrow.  Carlos says he will
be here tomorrow unless something happens tonight.

Kay


It was under wrong broker - 531847 has been changed to reflect Prebon as
broker.

Thanks,
Kate

Evelyn Metoyer@ENRON
02/26/2001 03:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/26/01 Checkout

BLOOMBERG
No Errors

PREBON WEST
Diana Scholtes
I am missing the following deal:
Enron buys Mirant 25 mw of COB for 2/28 only at $195.00

AMEREX WEST
No Errors


System Outage Notification
Outage Description:
PR2 is unavailable due to system issues.
Outage Implication:
No access during outage.

Date & Time of Outage:
	Outage Commences:  March 4,2002 11:30:00 AM CST
	Outage Ends:  January 31,2003 12:00:00 PM CST
Contacts:
Contact:	Contact Information:
ISC Customer Care 	713-345-4727


Ron M.


So if you beat Geogia Tech in the Peach Bowl, will ya'll be ranked?  I think
that would help out in recruiting a lot.

	From:  Eric Bass @ ECT                           12/04/2000 02:26 PM

To: Timothy Blanchard/HOU/EES@EES
cc: Chad Landry/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Brian Hoskins/Enron
Communications@Enron Communications, Luis Mena/NA/Enron@Enron

Subject: Re: FYI

and none of them are good :-)

To: Eric Bass/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Matthew
Lenhart/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT,
Brian Hoskins/Enron Communications@Enron Communications, Luis
Mena/NA/Enron@Enron
cc:
Subject: FYI

With all of the HYPE surrounding the Big 12 this season....

Nine SEC teams are going to bowls, an unprecedented number of bowl-bound
teams from a single conference in NCAA history.


---------------------- Forwarded by Chris Germany/HOU/ECT on 06/27/2000 01:58
PM ---------------------------

"Immer, Ingrid" <Ingrid.Immer@Williams.com> on 06/27/2000 01:21:08 PM
To: "'cgerman@enron.com'" <cgerman@enron.com>
cc:
Subject:

Chris,

I'll assume that Natural Choice deal we discussed a couple of weeks ago is a
no-go.  Columbia Energy Svcs still hasn't executed its contract.

Here's a little ditty my sister sent me.  (You need sound.)

ii
 <<Chinese thing.exe (Compressed)>>

 - Chinese thing.exe


Announcing the Formation of One Corporate Equity Investing Unit

To better develop and manage equity investment opportunities related to our
core businesses, Enron has formed one corporate equity investment unit.  This
new unit, Enron Principal Investments, will combine the existing investment
units of ENA, EBS and Enron Investment Partners.  The strategy of Enron
Principal Investments will be to work with the all the business units across
Enron to identify, execute, and manage equity investments, which leverage the
unique and proprietary knowledge of Enron.   These investments may be in the
form of venture capital, LBO's, traditional private equity and distressed
debt positions.

Kevin Garland will serve as Managing Director, overseeing all activities of
Enron Principal Investments.  Michael Miller and Gene Humphrey will both join
Enron Principal Investments as senior investment professionals in the group.
Additionally, many other legacy investment positions existing in Enron will
be transferred to Enron Principal Investments.  Richard Lydecker will
continue to manage these legacy investments.

This new investment unit will report to Greg Whalley, in his capacity as an
Enron Policy Committee member.  Please join me in congratulating and
supporting Kevin, Michael, Gene, Richard and the other members of this group
in this effort.

Jeff Skilling


Tomorrow, April 20th is my last day at The MedLeh Group.  I have accepted a
position at Flow-Zone, a company in Pearland.  Forward any e-mails to me to
lalenastav@yahoo.com  I will send an updated e-mail address for Flow-Zone
when I get it set-up.
Lalena Stavinoha
The MedLeh Group Mgmt. Co.
5120 Woodway
Suite 10004
Houston, Texas 77056
tel.  713-552-0591 x223
fax. 713-552-1874

http:  www.themedlehgroup.com
mailto: lstavinoha@themedlehgroup.com


515166
broker has 50 mws


Lloyd/Rika,

Kevin has asked me to be the commercial lead on continuing and expediting the development of the system for the traders that provided real-time pricing, curve shift, positions, etc. that was in the works last year.  Could you please provide me with the names of the IT people I need to contact and/or the lead on the project?  Thanks,

Fletch


James D Steffes is scheduled to attend:

Value at Risk
Class Days and Times:
  3/9/2000  08:00:00 AM - 05:00:00 PM
  3/10/2000  08:00:00 AM - 05:00:00 PM

If James D Steffes is unable to attend this class, the registration must be
canceled by 5:00 p.m. on March 6, 2000 to prevent a charge of $ 700 to your
RC number.

Thank you for your support in providing quality and cost effective
development opportunites at Enron.
Please call the Development Center Team at 713-853-0357 if you have any
questions.

 Thank you.


This is a reminder of Enron's Email retention policy.  The Email retention policy provides as follows:

Message Location - Maximum Retention
Inbox - 30 days
Sent Mail Folder - 30 days
Trash/Deleted Items - Rollover from Inbox for one day
Folders - All Email messages placed in folders will be destroyed after one calendar year. This includes public folders in Outlook.

Furthermore, it is against policy to store Email outside of your Outlook Mailbox and/or your Public Folders.  Please do not copy Email onto floppy disks, zip disks, CDs or the network.  Such actions are prohibited and will not be supported by the IT Department.

There will be no exceptions to this policy.


There is no time on Friday morning when everyone is available. However, in
order that we not let perfection be the enemy of the good, we will do a call
at 10:00 a.m. NY time with Raisler, Rosen, Dow, Davis and Architzel and a
second call at 11:00 for Tayor and Roger. If Robin or Mark can adjust their
sechedules, great, if not I will fill you in. I think your roles will be to
focus on product and potential trading issues (securities issues for Robin
and non financials for Mark). If necessary we will do another call.

 I will follow up with a call-in number. You should have received Salzman's
panel materials. Please feel free to pass to Jerry any comments.

Is anyone planning to be at Rainer's farewell party Friday afternoon?


----- Forwarded by Jeff Dasovich/NA/Enron on 09/28/2000 06:14 PM -----

	Mary Hain@ECT
	09/28/2000 05:38 PM

		 To: Susan J Mara/SFO/EES@EES, Mona Petrochko, jdasovic@ees.enron.com
		 cc: Christopher F Calger/PDX/ECT@ECT
		 Subject: Re: California Strategy RE: PG&E

FYI
---------------------- Forwarded by Mary Hain/HOU/ECT on 09/28/2000 03:45 PM
---------------------------

Christopher F Calger
09/25/2000 08:00 AM
To: James D Steffes/HOU/EES@EES
cc: Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Chris H
Foster/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Michael McDonald/SF/ECT@ECT,
Laird Dyer/SF/ECT@ECT
Subject: Re: California Strategy RE: PG&E

Thanks Jim.  ENA is very interested in this topic.  I was talking with Mona
last week about my view that a strategy with PG&E should be supportive, not
adversarial.    ENA is extremely interested in a gas management position with
PG&E and they have made it clear to us that our public positions against them
are a significant commercial issue.  I will spend some time with Portland and
SF to get an ENA consensus on these points.

Chris

James D Steffes@EES
09/21/2000 09:28 PM
To: Tim Belden/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, Chris H
Foster/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT
cc:
Subject: California Strategy RE:  PG&E

FYI.

If you are not aware, PG&E is pushing for immediate end of their retail rate
cap (so they can collect wholesale energy costs).

EES is considering its positions in that matter to prepare for CPUC and
legislative proceedings.

I want to make sure that you are aware of these internal discussions.  Key
from EPMI include (1) endorse Cal ISO report conclusions, (2) competititve
default supplier, (3) increasing rate freeze for all customers, and (4)
transfer of PG&E Hydro to affiliate at $2.8B (to offset current
undercollection).

Please let me know if these positions make sense to you.  While I think that
our general position is retail volatility, given the current situation in
SDG&E that is simply impossible politically.

Please feel free to call.

Jim

---------------------- Forwarded by James D Steffes/HOU/EES on 09/21/2000
10:39 PM ---------------------------
From: Harry Kingerski@ENRON on 09/21/2000 03:54 PM
To: James D Steffes/HOU/EES@EES, Paul Kaufman/PDX/ECT@ECT, Jeff
Dasovich/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES
cc: Richard Shapiro/HOU/EES@EES, Roger Yang/SFO/EES@EES
Subject:

I met with Dennis Benevides, Jim Wood and Scott Gahn about the PG&E strategy
we discussed and the EES perspective.  Suggestions:

Endorse the recent CAL ISO report on causes of the problem (no utility
forward buying, no demand responsiveness, etc) and say, with a few tweaks,
their proposals were on target.

Get CTC roll-off no earlier than Spring '01.  Retroactive roll-off would be
devastating.

Use PG&E $15 billion exposure as leverage to get competitive default supplier
in place (get them out of merchant supply).

Impose a stair-step shape on the rate increase, to prompt customer migration.

Keep PG&E somewhat at risk for wholesale cost recovery, delay recovery of
under-recoveries until out years.

Keep rate freeze (which is preferable to rate cap) to as short a period as
possible, post '01.

Here is a rework of Jim's bullet points to incorporate these thoughts:
  Keep in mind the numbers are all just placeholders and are not meant to be
definitive.  Once we start to hone in on the concept, we can develop the
right numbers.

From a retail perspective, this blends protection of the book with
advancement of new market opportunity.  I may still get more feedback from
the EES guys, but wanted to give you what I got so far.


Jason,

I think what you may be asking for are CalISO power prices.  The CalPX is a
scheduling coordinator and they submit balanced schedules and bid curves to
the CalISO.  The ISO combines the curves from participating SCs (of which I
believe Enron is one) and calculates the uncongested and congested prices.
The CalISO prices are available from RDI PowerDat, the Enron LIM database, and
a number of other sources.  Recent historical prices are available from the
CalISO web site.

I am copying your mail to Tim Hiezenrader, who runs the Westdesk Fundamentals
group.  I believe he would know how you might be able to access the more
real-time CalISO data that Enron collects.

Tim, can you help Jason out?  He is a manager in the ENA Research Group.

Thanks,
Michael

>>> Sokolov, Jason 01/26/01 02:01PM >>>
Michael,

I an trying to locate some historical real-time (spot) power prices for CalPX.
Do you know who may have them?

Jason Sokolov


This works-I will work on getting our equipment needs for you.


I don't mind Houston or Albuquerque. Vegas is definitely out from a perception perspective. sj

 -----Original Message-----
From: 	Schoolcraft, Darrell
Sent:	Thursday, January 10, 2002 7:18 AM
To:	January, Steve
Subject:	FW: San Juan Area Shutdown Planning

Would this be something we would consider or do we need to suggest TW host in Houston.

ds
 -----Original Message-----
From: 	"Mathis, Charles R." <Charles.Mathis@ElPaso.com>@ENRON
Sent:	Wednesday, January 09, 2002 4:36 PM
To:	Charles Goodding; Chuck Thompson - PNM; Corina Veloz; Darrell Schoolcraft; David Campbell; Frank Gallegos; Greg Kardos; Graves, Jerry; Johnny Hunt; Lane Ayers; Ron Matthews; Stahl, Danny - Williams; Steve Flaim; Terry Hardman
Subject:	San Juan Area Shutdown Planning

It's time to start thinking about when and where we can get together to
review the maintenance that will affect the San Juan area this year.  The
EPNG planners will have their information from the field, and we will review
it internally by the middle of February.  Can we look at late Feb or early
March?

We did not decide who would host this year's meeting when we departed last
year.  If anyone wants to volunteer, please say so.  We could consider
meeting at a neutral location (Las Vegas has been suggested).

I will coordinate our communications until someone volunteers to take the
ball.  Please e-mail your thoughts.

Thanks,

Charles R. Mathis
Consultant, Western Pipelines
El Paso Corporation
(719) 667-7712

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


<Embedded Microsoft Graph 2000 Chart>


Does this make sense to you?
----- Forwarded by Stacy E Dickson/HOU/ECT on 06/04/2001 09:03 AM -----

	Cyndie Balfour-Flanagan@ENRON
	06/01/2001 09:51 AM

		 To: Ellen Wallumrod/NA/Enron@ENRON
		 cc: Linda S Bryan/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT
		 Subject: ENA deals moved from Ks assigned to AEP (deals belong to ENA)

Please reconfirm as necessary. These were all riding on contracts that have
been "assigned" to AEP/HPL/Lodisco effective 6/1/01. ENA is no longer party
to the original agreements. Please note that several of these are EOL
transactions.

Thank you!
Cyndie

PS, Accounting was not copied on this message as there is no accounting
impact on the contract # changes (all deals moved have production beginning
6/1/01 (no additional production was finalized or cleared on these
transactions under the prior agreement).


Thanks for taking the initiative to get everyone together in the spirit of
spending Andy and/or Gray's money. Things like this need to happen more
often, in my opinion.

That's a picture of you in high school, right?


Kay;
        I read the corporate counsel roundtable in the Texas Lawyer
supplement in which you, Alan Crain, et al. held forth on complex
transactional matters.  I was impressed, proud, but not surprised, by
the article.
        Glenn

 - glennlegge.vcf


Actually, it sounds like NE has adopted NY's EXISTING market monitoring plan.
The proposed NY "circuit breaker" would "automate" the current process and
implement the mitigation as part of the process of setting the DAM prices.
Currently, the investigation occurs after the DAM prices are set and if
mitigation is warranted would affect bidding for the next day and thereafter.
It's this automation that's at the heart of the dispute in NY, since it
basically eliminates the consultation between the ISO and the bidder
concerning why the bid was appropriate that exists under the current program.
The one day lag was an important balance between acting quickly to prevent
the exercise of market power and premature action which affects posted prices
and that ultimately proves not to have been warranted by the ISO.

Howard


CALENDAR ENTRY:	APPOINTMENT

Description:
	Weekly Priority Mtg./Raetta

Date:		4/26/2001
Time:		9:30 AM - 10:30 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Elsa,

Thanks for the invitation.
I shall be glad to join you.
Please, send me the details.

Vince


A conf. call has been scheduled to discuss Governor Gray Davis' State of the
State address.  The call will take place as follows:

Date:  Tuesday, January 9

Time:  9:30am CST

Number: 1-800-283-1805 (Rick Shapiro is listed as the host)

Location: EB47C1 (for those in Houston)

Thanks and please call with questions.

gngr
713-853-7751


she blew me up