The Commission held its first open meeting with Pat Wood as the new Chairman today and discussed many interesting issues.  The following is a summary of the meeting.  The meeting is still going on, and we will provide an addendum to this email updating you on what was discussed this afternoon (regarding market power).

RTOs

Chairman Wood expressed his desire to finish the RTO transition, and that the Commission needs to provide guidance and leadership in order to speed up the RTO transition.  Chairman Wood considers the RTO effort on two tracks:  1) organizational -- what will the RTO organizations look like, and 2) substantive -- once you set up the organizations, what will they do.

Organizational Effort:  Wood stated that this effort has already begun with the July 12 orders and the Northeast and Southeast mediation efforts.  The Commission will be issuing additional orders in the northeast, southeast and Midwest within the next couple of FERC meetings.  Wood also stated that it is time for RTO West and Desert Star to "marry up," meaning, I suppose, that the two should consolidate.  Wood does not think that California can be included in the western RTO yet since it has lingering problems.

Structural Effort:  The Commission will initiate a section 206 proceeding to address market design and structure issues in order to translate the 8 functions established in Order No. 2000 into RTO structures.  To achieve this goal, the Commission is establishing an "RTO week" of advanced workshops, from October 15-19, in advance of issuing a NOPR, to address structural issues such as:  congestion management; cost recovery; market monitoring; transmission planning; reliability; transmission rights.  Wood also envisions that the Commission will develop a new pro forma tariff to replace the existing Order No. 888 transmission tariff.  The new tariff will apply to all public utilities and RTOs.

Wood also recognized that some "sticks" are needed to entice RTO participation.  Therefore, Wood proposes to have all public utilities come in by December 15, 2001 with a declaration to join an RTO.  If they do not make this declaration, these entities will have their market based rate authority revoked on a prospective basis.  Furthermore, Wood states that if entities do not join RTOs, they should not be authorized to merge their facilities, and that FERC will also look at their rates to determine whether they are still just and reasonable rates compared with rates offered by RTOs.  Wood states that these "sticks" provide incentive, but do not mandate, RTO participation.

With regard to the pending requests for rehearing, Wood asked legal staff to figure out how "FERC can get there."  In other words, I think Wood is telling them to develop the legal analysis for denying rehearing.

While Commissioner Breathitt is skeptical about some of these RTO proposals, because she was not required to vote on anything today, she only expressed her concern.

Upcoming Dates

	October 15-19 --	RTO Workshops
	End of October -- further orders on Northeast, Southeast, Midwest RTOs
	December 15, 2001 -- all public utilities must commit to an RTO or have their market based rates revoked

Proposed Rule for Standards of Conduct

Within the next few days, FERC will be issuing a Notice of Proposed Rulemaking ("NOPR") on standards of conduct for transmission providers.  As explained at the meeting (we do not have a copy of the NOPR yet), the NOPR will propose to apply standards of conduct uniformly to electric transmission providers and gas pipeline transportation providers similarly.  The NOPR also proposes to broaden the definition of affiliate to include all energy affiliates, not just marketers.  The standards of conduct would not apply to RTOs and transmission providers who are members of an RTO may ask for an exemption from the standards.

The NOPR will also likely include a proposal that the standards apply to transmission-owners' marketing affiliates that are serving native load customers.  As you know, the present standards do not apply to the affiliates of TOs that are only buying and selling power for native load customers.  As the interim general counsel noted, these marketing affiliates can go into the control room and have unrestricted interaction with the TO.

There was some discussion of whether it is necessary to apply the standards to affiliates serving native load.  Staff told the Commissioners that market participants have been complaining for years about this loop hole in the rules.  Pat Wood said they will include the proposal in the NOPR (Breathitt may not support), but if the industry does not support the proposal, FERC will pull it.  We of course will strongly support the proposal.

Provision of Adequate Electrical Capacity (ICAP)

Chairman Wood asked Staff to prepare a presentation on reserves and installed capacity requirements.  Wood noted that the Commission had to issue an order on ICAP in New England during their recess in August, and he is not that familiar with the issues.  Therefore, he asked Staff to prepare a presentation, which they made at the meeting this morning.  The presentation will be made public within the next couple of days.  In sum, Staff seems to believe that some type of ICAP requirement is needed for reliability.

After the presentation, Wood noted that the New England ICAP order has enough wiggle room to allow the Commission to change its mind once the commissioners better understand the issue.  Wood sees that there is a potential conflict between decentralized, competitive markets and the need for sufficient supply (without politically unacceptable, prolonged price spikes).

Commissioner Brownell (from the Pennsylvania PUC) has a better understanding of  ICAP and expressed concerns that ICAP may be an outdated tool that acts as a barrier to entry without any definable benefit to customers.

Realizing that there are many positions on this topic, Chairman Wood said he will publish the Staff report and ask for comments by October 17.  We will definitely submit comments on this and will include everyone in the drafting process.

Sorry this is so long, but a lot happened today.  We will provide a summary of the market power discussion as soon as it is over.  Let us know if you have any questions.

Sarah


Tom,

For the EOG piece, bring the nom down to 4400 through the 7th.  For the 8th
forward, leave the nom as is.  When we get more information next week, we can
adjust as necessary.

Yates - What did they produce in Jan and Feb?  Let me know that and we can
decide if we want to adjust the nom.

Vintage - Adjust our nom to tie with Vintage.

Tom Acton@ENRON
03/02/2000 10:12 AM
To: Daren J Farmer/HOU/ECT@ECT
cc: Vance L Taylor/HOU/ECT@ECT
Subject: WELLS

 Daren,  EOG  is having problems with that same well 6296 but this time it's
compressor problems.  They think that it will be for at least a week but you
know how that goes.  They would like to drop the volume again to 4400.  If we
change don't Kim will have an imbalance at this meter (she wanted me to let
you know that).  Meter # 6598 YATES  would like to change the volume from
4206 to 3366, and Vintage who had been over producing last month would like
to increase from 270 to 320 to match the real flow.  I know these are
bothersome changes but I'm trying to get the best numbers for both you and
Vance for the up coming month.  Let me know and I'll be on the go  from the "
THE TOM CAT"


Anne, can you look at this deal and check to see how it was priced?
---------------------- Forwarded by Mike Grigsby/HOU/ECT on 03/20/2001 04:41
PM ---------------------------

Darla Saucier@ENRON
03/20/2001 01:26 PM
To: michael.grigsby@enron.com
cc:
Subject: FW: Newark Group Billing for February

Are you the trader on this deal???  See details below.  Should this deal be
in Sitara under two separate deals with the counterparties listed below???
Please advise ASAP.   They will not pay until this matter is resolved.

Thanks
Darla

---------------------- Forwarded by Darla Saucier/NA/Enron on 03/20/2001
01:02 PM ---------------------------

"Gong, Heidi" <hgong@tngus.com> on 03/14/2001 04:09:00 PM
To: "'darla.saucier@enron.com'" <darla.saucier@enron.com>
cc: "Cockrum, Alanna" <acockrum@tngus.com>

Subject: FW: Newark Group Billing for February

There is another problem on the invoice.  According to the PG&E
transportation billing Newark Sierra Paperboard used 72758 mmbtu and
California Paperboard used 14650 mmbtu.  The total mmbtu invoiced should
be 87408 mmbtu not 87800 mmbtu.  Please bill California Paperboard 14650
mmbtu instead.  Thanks!

 -----Original Message-----
From: Gong, Heidi
Sent: Wednesday, March 14, 2001 12:07 PM
To: 'darla.saucier@enron.com'
Cc: Cockrum, Alanna; 'suzanne.christiansen@enron.com'
Subject: Newark Group Billing for February

Please split your invoice # 22964SA to two separate billings and fax to
the below 2 locations.  We will send the check to :
Enron North America Corp
1400 Smith St.
Houston,  TX   77002
Attn:  Veronica Espinoza

72758 mmbtu to:

Newark Sierra Paperboard Corp.
800 W. Church St.
Stockton,  CA  95203
Attn: Heidi Gong
Tel #  (209) 466-7088 x201
Fax #  (209) 464-9125
Email: hgong@tngus.com

15042 mmbtu to:

California Paperboard Corp.
525 Mathew St.
Santa Clara,  CA   95052
Attn:  Alanna Cockrum
Tel #  (408) 727-7377 x229
Fax #  (408) 988-0585
Email: acockrum@tngus.com


Jim,

I really appreciate the offer.  Sorry for the delay in responding - things
have been a little crazy.  I would like to accept the tickets for myself.
Dutch is on vacation and I have left him a voicemail asking if he's is
interested.  I will give you a call a little later in the day when things
settle down.

Thanks,

Errol McLaughlin


Any comments?

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 09:38
AM ---------------------------

"Reuter, Marisa" <MReuter@KSLAW.com> on 04/20/2001 09:34:36 AM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: FW: This E-mail is sent at the request of M. Kahn and J. DeBerry

Kay:

Attached is a revised draft of the LLC Agreement which has been marked to
indicate the changes from the draft distributed on Friday, April 13.  Since
the most substantive change made to the LLC Agreement reflects
NorthWestern's desire to have the LLC treated as a single member limited
liability company for tax purposes, it might be a good idea to get your tax
team to sign off on the revised draft.  Call me if you have any questions.

Regards,

Marisa

-----Original Message-----
From: Schreiber, Eileen [mailto:EileenSchreiber@paulhastings.com]
Sent: Thursday, April 19, 2001 10:34 PM
To: 'mreuter@kslaw.com'
Subject: FW: This E-mail is sent at the request of M. Kahn and J.
DeBerry

"paulhastings.com" made the following annotations on 04/19/01 23:34:07
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 - ATT549306.txt
 - ATT549307.htm
 - LLC Agreement(v4).DOC
 - LLC Agreement(vRED).DOC


The following are the liquidations for the transport book that are hitting
the texas desk(a negative is expense that is hitting - need a revenue entry
to clear):
Liq #  Type  Prod Month Amount
N71394.1 Physical 0002  $372,649.99
    0003  $401,449.98
N78544.1 Physical 0002  $372,649.99
    0003  $401,449.98
NA7655.1 Financial 0002  ($344,375)
    0003  ($368,125)
NA7651.1 Financial 0002  ($369,750)
    0003  ($395,250)

Please call with any questions.
PL


Shelley I put this together to help with the discussion this afternoon.  If you would rather I have a little more substance to show you and not meet today (telephone) let me know.   Cvb


Has Herman seen this or the 1st amendment?

	From:  Kathleen Carnahan                           02/07/2001 08:42 AM

To: Carlos Sole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: ccampbell@kslaw.com, Kay Mann/Corp/Enron@Enron

Subject: Konicek Option

Carlos,

Here is a draft of the 2nd amendment Roger and Fred were negotiating with Mr.
Konicek.  When Fred gets in I will ask him the status of this amendment.

Kathleen
---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 02/07/2001
08:39 AM ---------------------------
From: Roger Balog@ECT on 12/20/2000 04:28 PM
To: Fred Mitro/HOU/ECT@ECT
cc: Kathleen Carnahan/NA/Enron@Enron

Subject: Konicek Option

Fred
Attached is a draft of the Konicek Option for your review.
Roger


Outstanding!  I'm in Houston on Thursday, flying to the big O on the 8:30 pm
flight.  I'd love to get together for dinner around 5:00 or so if that works
out for you guys.  Any chance of getting together with both of you?  DF

Mark Schroeder@ECT
07/10/2000 04:24 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Houston

Flying in to Houston with Mary on Thursday afternoon, and back to London on
Saturday p.m.  Any chance of seeing you, e.g., an early dinner on Thursday?
mcs


-----Original Message-----
From:  "Cindy Frederick" <cfred@pkns.com>@ENRON
[mailto:IMCEANOTES-+22Cindy+20Frederick+22+20+3Ccfred+40pkns+2Ecom+3E+40ENRON@
ENRON.com]
Sent: Tuesday, July 10, 2001 9:59 PM
To: gfergus@brobeck.com; Sanders, Richard B.
Subject: Enron Complaint

Final version of Enron Complaint.  Document is in Word Perfect 8.

The information contained in this e-mail message and any accompanying
documents is subject to the attorney-client privilege and/or the attorney
work product rule and is confidential business information intended only for
the use of the individual or entity named above.  If the reader of this
message is not the intended recipient or representative of the recipient, you
are hereby notified that any dissemination of this communication is strictly
prohibited.  If you have received this communication in error, please notify
Kathryn A. Pugh at kpugh@pkns.com and immediately delete this message from
your system.

 - 288950_1.WPD


To all:

Over the past few months, Energy Operations has formally established global
standards.   Exception reporting will officially begin for the West Desk on
Monday, November 20th.  The exception reporting around these standards will:
help us gauge our performance and highlight areas for improvement
better allocate resources to issue areas
ensure individual and global business controllers are up to date as to
arising issues

To accomplish this, numerous requirements have been established.  The
requirement that affects trading is as follows:

Transactions are recorded accurately and timely (completeness, accuracy)
Transactions are recorded with 100% accuracy and valued appropriately in an
approved risk system for the applicable product
Transactions are input into Enpower or TAGG on date of trade (prior to calc)

HOW THIS AFFECTS WEST TRADERS:

The Risk group in Portland and Confirmations group in Houston will now begin
reporting any exceptions to the above requirement on a daily basis.   Any
deals entered late, incorrectly or changed after the calc will require full
written explanation to the Global Risk Controls group (this includes trader
name).  The materiality of the deal is not relevant, you can be written up
for 1 MW deals or 200 MW deals.  The Global Risk Controls group is looking
for flaws in the process, whether it be people-related or system related.

This exception reporting begins on Monday.  Please come to the Risk group
with any questions you may have, we would like the West Desk to appear on the
exception report as infrequently as possible.  If you have any special deal
types that you believe will be in violation of the above requirement, please
notify Risk so we can communicate this to Global Risk Controls.

Thanks for your help in this matter,

West Risk


Crude 24X7 WTI Marketing Effort

Trade Count:
 195  Trades
 9.4  Million Barrels
  7  Counterparties Transacting Today
 27 Counterparties Transacting to Date


There  are some useful   slides  in here  on the  upcoming winter and
remedies  for  volatility in the market .  Rob  Bradley  has  a  copy.
Margaret
---------------------- Forwarded by Margaret Carson/Corp/Enron on 09/15/2000
09:15 AM ---------------------------

Gil Muhl
09/14/2000 11:41 AM
To: Margaret Carson/Corp/Enron@ENRON
cc:

Subject: Draft AGA Presentation

Margaret - Attached is a copy of my latest draft of my presentation for the
AGA Conference next week.  - Please let me know if you have any questions or
comments!

Thanks - Gil


Aldo:
Here is a draft presentation of the trading, risk management and backoffice.
Please give me a call if you have any questions.  Thanks!
Ben


I need to set up a conference call with the outside lawyer who will be
drafting the lease (and other docs).  Who would like to participate in the
call?

How about Thursday am?

Thanks,

Kay


Beau, Ken would like to do this if we can arrange it.  He has a video to
receive the United Way Kneebone Award from Gerald Smith at 2:30 on Monday,
May 7.  I'm thinking that maybe we could do this video at 2:00 p.m.  That is
a lot to do two videos back to back, I guess, but there is very limited time
available and I think the United Way one will be pretty easy.  Will 30
minutes be sufficient?

Rosie

"Beau Herrold" <beau@layfam.com> on 04/23/2001 03:37:57 PM
Please respond to "Beau Herrold" <beau@layfam.com>
To: "Lay, Ken" <kenneth.lay@enron.com>
cc: "Lay, Linda" <mrslinda@lplpi.com>
Subject: Child Advocates - Harry Reasoner

Ken -
?
Child Advocates'? 9th annual "Pull for Kids  Sporting Classic" is honoring?
Harry  Reasoner.? Lannie Earthman, at Child Avdocates, told me that they  are
putting together a short video (a tribute to Harry) for?the night of  the
event.? Harry doesn't know about the video so it will be a  surprise to him
that evening.? I've been told by Lannie that, at  Macey's request, those
being videoed are Dr. Ralph Faigan (Baylor College of  Medicine), Steve
Miller (CEO, Shell), Malcolm Gillis (President, Rice Univ.),  and hopefully
you.? Baylor College of Medicine is filming and producing  it.? If you would
agree to do it, they can film you at your office at your  convenience.? It
probably wouldn't take very long, unless of  course?you had a whole lot to
say about Harry.? They want to have it  finished in the next couple of weeks,
because the event is only a month away  (May 19th).
?
FYI, the Family Foundation?has always  supported the event and this year
contributed $25,000 (the highest sponsor  level).? I don't think that you and
Mom are planning on attending the event  or anyone else in the family.
?
Let me know if you would be interested in this so  that I can help facilitate
it.
?
- Beau


me too
tough day

 -----Original Message-----
From: 	Quigley, Kay
Sent:	Tuesday, October 02, 2001 12:16 PM
To:	Quigley, Dutch
Subject:	Re:

I am having a tough time dealing with the realities of the conversation
and realizing what I can change and what I cannot, it is just sad for me
in knowing the truth about such delicate and personal topics
I'm just sort of here not mentally though..
kay

From:	Dutch Quigley/ENRON@enronXgate on 10/02/2001 09:03 AM
To:	Kay Quigley/HOU/EES@EES
cc:
Subject:

thanks again for listening last night , I wish you the best today

ily
dq


---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/07/2000
12:32 PM ---------------------------

	Enron North America Corp.

	From:  B Scott Palmer                           09/07/2000 12:30 PM

To: Kam Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by B Scott Palmer/HOU/ECT on 09/07/2000
12:29 PM ---------------------------

Phillip M Love
08/02/2000 12:10 PM
To: B Scott Palmer/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by Phillip M Love/HOU/ECT on 08/02/2000
12:06 PM ---------------------------

	Enron North America Corp.

	From:  Cecilia Olvera                           01/17/2000 01:17 PM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by Cecilia Olvera/HOU/ECT on 01/17/2000
01:16 PM ---------------------------

	From:  Jennifer Nguyen @ ENRON                           01/17/2000 01:09 PM

To: Cecilia Olvera/HOU/ECT@ECT
cc:
Subject: FW: UNO!!! the game

---------------------- Forwarded by Jennifer Nguyen/Corp/Enron on 01/17/2000
01:09 PM ---------------------------

Larry Lenning <larry@apbenergy.com> on 12/21/99 02:18:13 PM
To: Jennifer Nguyen/Corp/Enron@ENRON
cc:

Subject: FW: UNO!!! the game

I could not find the good email.  Sorry.  Can I send you that type of email
or will you get in trouble? What are you doing for Christmas? Staying in
Houston?

----------
From:  Tod Vaught
Sent:  Monday, December 20, 1999 3:51 PM
To:  Goddard Hampton; James Mueller; Kyle Galloway; Larry Lenning; Paul
Lutz; Preston Higgins; Tony Tong; Will Vaughn
Subject:  FW: UNO!!! the game

----------
From:  Erin Massey
Sent:  Friday, December 17, 1999 3:54 PM
To:  Tod Vaught
Subject:  FW: UNO!!! the game

Enjoy...

 - Uno.exe


Steve,
Can we contact this Steve Johnson guy and tell him he is a pawn for the state of California... Funny...I don't remember a "near-meltdown", just inept purchasing and load balancing by CERS at the start of August. CERS is consistently completely out of the market. EVERY DAY! They can't even manage to bury their bad trades in 35,000 mws of load!
Humorous article though.
B

 -----Original Message-----
From: 	Hall, Steve C.
Sent:	Thursday, September 06, 2001 9:23 AM
To:	Foster, Chris H.; Rawson, Lester; Yoder, Christian; Comnes, Alan; Williams III, Bill
Subject:	CAISO claims generators not responding to orders 25% of time; generators blame excessive amounts of uninstructed CDWR power

Published Thursday, Sept. 6, 2001, in the San Jose Mercury News
Increasingly, plants put grid at risk
POTENTIAL FOR OUTAGES
: OPERATORS REFUSE
STATE'S REQUESTS TO ADJUST POWER LEVELS
BY STEVE JOHNSON <mailto:sjohnson@sjmercury.com>
Mercury News
More than a month after two generators refused state orders to deliver power as promised and triggered a near-meltdown of the Western power grid, California's electrical system continues to be hindered by a growing and potentially dangerous anarchy.
Officials with the California Independent System Operator say power-plant operators increasingly are refusing the state's directions to adjust their plant power levels up or down to keep the electrical system in balance. Nearly one-fourth of the orders were ignored in July and August, state officials say.
Refusals have increased steadily from about nine a day in May to more than 160 a day in August. The most serious incident occurred Aug. 2, when two power-plant operators declined to provide the power they promised. That resulted in what authorities called a major frequency drop across the West, with the potential to cause blackouts.
Concern grows
Although no outages have been caused so far, Stephanie McCorkle, a spokeswoman for the Independent System Operator, said state officials are deeply concerned.
``Our operators need a certain amount of certainty when you're running a grid,'' McCorkle said. Unfortunately, ``the level of uncertainty has reached an uncomfortable level for ISO operators.''
Why this is happening remains unclear, according to California and power company officials. Jan Smutny-Jones, the ISO's former chairman who heads the Independent Energy Producers Association, which represents generators, said, ``It's very hard to tell'' because a number of factors appear to be at work.
He and McCorkle agreed that the refusal to follow orders partly stems from a growing frustration by generators over not being paid for power they have supplied the state. In recent weeks, generators have gotten only about 8 cents on the dollar, McCorkle said, noting that the problem largely stems from payments coming late from the California Department of Water Resources, which has been buying power for the state's financially strapped utilities.
Generators frustrated
Gary Ackerman, executive director of the Western Power Trading Forum, also blamed the state's new portfolio of long-term power contracts.
He believes state officials may be forcing those large blocks of contracted electricity onto the grid, to avoid admitting that they bought more than they needed. But inserting those blocks into the system can be complicated, Ackerman said, and often requires difficult-to-make adjustments by other power-plant operators to keep the grid stable.
Moreover, Ackerman said, the state has been relying increasingly on a computerized system that sends instructions to plant operators when power levels need to be raised or lowered. However, he said, that system can't handle the number of instructions the state is sending.
``It's like pushing your car from zero to 120 and back to zero, and doing that over and over,'' Ackerman said. ``Your car just wasn't designed to do that.''
ISO officials acknowledged that fitting the long-term contracts into the system has been tough. But despite some minor glitches with the computer system, they said, they did not believe it was responsible for generators not doing what they've been told.
No fines yet
So far, no generators have been fined for disobeying orders, said Charles Robinson, the ISO's chief counsel. He noted, however, that the Federal Energy Regulatory Commission, which is investigating the matter, could decide that fines are warranted.
But because California is so dependent on generators for its electricity, authorities have to be careful not to alienate power plant operators by penalizing them too harshly, said Mark Ward of the Los Angeles Department of Water and Power.
``How do you motivate people to do the right thing?'' Ward asked. ``It's not a real simple problem.''

Contact Steve Johnson at sjohnson@sjmercury.com <mailto:sjohnson@sjmercury.com> or (408)


Kathy-

Our home email address has changed:

pereira@houston.rr.com

Thanks,

Susan Pereira


888-375-2670 pager


?
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				Protect Religious Liberty: Oppose President  Bush's Faith-Based Initiative

				Despite repeated controversies and reports that  President Bush's faith-based
initiative has lost its momentum, the full  House of Representatives is
expected to vote as early as Wednesday on  legislation that would implement
the President's fundamentally flawed  plan.

				The legislation, (H.R. 7,), the "Community Solutions Act," includes
provisions that sharply attack one of the oldest civil rights principles  --
that tax dollars not fund discrimination. Because the proposal removes
restrictions on how religious organizations incorporate their beliefs into
the delivery of social services, discrimination would be permitted in  hiring
decisions and in the delivery of services.

				The President has repeatedly claimed that the bill would include  sizable tax
incentives for charitable giving and new funding for social  service
programs, both are absent from the bill that will be voted on-only  the
government-funded religion provisions remain. Further, the legislation  now
includes a provision that allows Cabinet Secretaries to turn any  social
service program into a voucher program. This unprecedented move  would allow
longstanding grant programs to be converted to voucher  programs without
Congressional approval and would remove legal barriers  that now stop
religious organizations from proselytizing beneficiaries.

				The Bush faith-based initiative would obliterate any distinction  between
religious institutions that would follow the rules and not use  public money
to proselytize and those that would gladly violate the  nation's fundamental
principles.

				Oppose this legislation now!

				[IMAGE] H.R. 7 provides no new funds for social services programs.  The
President has repeatedly stated that his faith-based initiative  would
provide new money for social service programs as well as tax  incentives to
encourage charitable giving. This legislation provides no  new money and only
makes it easier for religious groups to proselytize and  discriminate with
tax dollars.

				[IMAGE]The Bush initiative would allow for taxpayer-funded  discrimination.
Religion is a very personal belief that varies from  individual to
individual. We need to protect each person's religious  freedom, including
the freedom to receive services without being forced to  listen to another's
religious beliefs. Under the Bush proposal, there  would be no restrictions
on how religious organizations incorporate their  beliefs into the delivery
of social services. Further, religious  organizations would be allowed to be
discriminate against applicants for  jobs with federally funded on the basis
of religion, marital status,  sexual orientation, gender, HIV status, or any
other characteristic that a  religious organization find objectionable.

				[IMAGE]Government should not get into the business of  religion.This proposal
would expose religious institutions to invasive  government regulation,
including compliance reviews and audits. We must  not put government in the
position of regulating religion.

				[IMAGE]H.R 7 would fund proselytization. This legislation  includes a
provision that allows any Cabinet Secretary to convert existing  social
service programs into voucher programs. As a result, the voucher  provision
removes the legal barriers that now stop religious organizations  from
proselytizing beneficiaries.
				TAKE ACTION!
				Send a Free FAX in 2  Clicks!
				Enter Your Zip Code
				-
				What's  This?

				Extra Credit:Fax  President Bush!

				Visit the ACLU  Government-Funded Religion Clearinghouse

				Last updated or verified on July  16, 2001

				Copyright 2001,  The American Civil Liberties Union

					[IMAGE]	[IMAGE]

	[IMAGE]
	ACLU Toolbar
[IMAGE]	[IMAGE]	[IMAGE]

 - actalerthd2_2.gif
 - grey.gif
 - yellow.gif
 - feat_act.gif
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 - starbullet.gif
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 - toolbar.gif


Attached is a Request for Bids to supply the California ISO with Generation
under Gas Curtailment Conditions in the Los Angeles Basin for the winter of
2000-2001.  Responses to the RFB are due by 5:00 p.m. on September 16, 2000.
Any questions regarding the RFB should be directed to Brian Theaker at
btheaker@caiso.com or (916) 608-5804.

     <<RFB-Gas 000817.doc>>

Debi Le Vine
Director of Contracts & Compliance

 - RFB-Gas 000817.doc


Please send the economist piece around.
---------------------- Forwarded by Steven J Kean/NA/Enron on 09/01/2000
07:16 AM ---------------------------

Mark Schroeder@ECT
09/01/2000 06:09 AM
To: Gavin Dillingham/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Steven J Kean/NA/Enron@Enron

Subject: California

I may have missed it in your many e-mails, but if you had not seen it, The
Economist of 26 August has an excellent piece on the lessons of California
(p. 16 of European edition).  California botched it, Pennsylvania did better,
and California's problems are no reason to shrink from deregulation.   mcs


Here is the link for the new website format for the Weekly Report.

Weekly Report


You are receiving this e-letter because you
(alewis@enron.com) signed up to receive free
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The Fed Cut Rates a half-point today.
Is this just the shock the market needs?

Dear Investor,

Just when you think the Fed is going to leave us
anxiously waiting until their planned meeting in
May...surprise...they go and cut rates a half-point,
today.  And like most investors you're probably
wondering: "Why did the Fed cut now? and "What will
this mean for the market?"

To be honest, I'm a little surprised myself at the
Fed's timing.  They've had plenty of opportunities in
the past to cut when the reason seemed crystal clear.
Today, the only insight we have into why the Fed cut
is that they saw some compelling economic data that
justified their action.  And you know what, that's
really all they need to tell us.

Now that a cut's been made the more important story
here is what this will mean for the market. While I
expect this news to bolster consumer confidence a bit
and result in a nice short-term rally, I don't believe
this half-point cut will spell relief for the entire
market for too long.  Corporate earnings are forecast
to be down in the next two quarters and that's going
to take a toll on some of the flagship stocks on Wall
Street.

So while I think a rally is in store...it's going to be
a selective one.  I strongly encourage you to take a
long, hard look at your portfolio now. I believe you
will be making a big mistake if you rely on last
year's winners to excel in this extremely difficult
economic environment.  With the market entering a
short-term upswing, this is a good time to unload some
stocks that just won't go the distance in the months
ahead and replace them with companies who will
continue to produce strong sales and earnings growth
for the remainder of the year.

We're in the midst of earnings season and while the
news from most companies hasn't been good...so far EVERY
single one of the stocks I'm recommending to investors
have surpassed Wall Street's estimates!  And while
many bellwether companies have been reporting
substantial DECLINES in their sales and profits, the
companies on my buy list are growing their sales and
profits by more than 100% on average. These are the
kind of fundamentally superior stocks that are going
to truly reward investors in the months ahead.

If you don't know where to find these companies, I can
help.  My team and I scour the market every day to
find these proven winners, and we have a track record
of 28% gains in the last 18 months that shows our
strategy produces PROFITS-no matter what the market
environment.

I'd like to share our complete list of stocks with you
today. Sign up for this special offer to my BLUE CHIP
GROWTH service today--RISK-FREE for SIX months--and
I'll give you immediate access to our complete Buy
List of stocks to get you started right away.

Just visit
http://www.ppi-orders.com/index.htm?promo_code=0AN119
to get the names of these stocks today!

Sincerely,
Louis Navellier

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Wednesday Apr 18, 2001 16:09:52


Dear Carpoint Customer,

Thank you for using MSN Carpoint. We look forward to assisting you with your purchase. This e-mail is to confirm receipt of your recent Carpoint Purchase or Test Drive Inquiry for a 2002 Ford Thunderbird. Your Inquiry number is 1539983. Within the next 24 hours (may exclude weekends) you can expect a contact from the following dealership:

Central Ford
4410 Westheimer Road
Houston, TX 77027

To help ensure that your buying experience is a pleasant one, in two days (excluding weekends) we will be sending you an email to verify that Brooks Chevrolet has attempted to contact you.  Please respond by using the link that will be provided in the email.

If you have any questions about your purchase or test drive inquiry, don't hesitate to contact the dealer at the above phone number or email address.

Thanks again for using MSN Carpoint.

www.carpoint.com


done

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           10/17/2000 08:09 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Duke Exchange 2/00

Daren:
Please change the demand charge for deal 157278 for 2/00 to $1,247.90.
Katherine did not include the excess fee when she gave you the cashout.

$1,008.87 cashout
   $239.03 excess
$1,247.90 Total

Thanks,
Megan


Title: Viewing Environmental Strategy Issues in a New Light
URL(s):

http://www20.cera.com/eprofile?u=35&m=2758;

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

STRATEGIC CHALLENGES GROW IN ENVIRONMENTAL ARENA

The issues that are most prominent in the environmental arena are notable for
their relatively long time horizons. Thus, although the uncertainty created by
recent events might cause adjustments in environmental strategies it is less
likely to result in fundamental shifts in direction. In the immediate future,
however, the challenge will be in responding to a shifting landscape while
maintaining long-term objectives.

* Parties to the Kyoto Protocol are forging ahead with final negotiations,
while the US focus is on when a domestic climate change policy might appear.

* The European Union is moving toward development of a unified greenhouse gas
emissions trading scheme, while individual European nations are developing or
implementing their own (potentially incompatible) systems.

* Continued technology maturation combined with heightened energy security
concerns is solidifying the foundation of the renewable energy niche, bringing
increased focus on remaining technical and political hurdles.

**end**

Follow above URL for complete CERA Watch.

E-mail Category: Watch
CERA Knowledge Area(s): Environmental Strategy

***********************************************************************
***********************************************************************
CERA's Autumn 2001 Roundtable event dates and agendas
are now available at http://www20.cera.com/event
***********************************************************************

To make changes to your cera.com profile go to:
http://www20.cera.com/client/updateaccount

Forgot your username and password? Go to:
http://www20.cera.com/client/forgot

This electronic message and attachments, if any, contain information
from Cambridge Energy Research Associates, Inc. (CERA) which is
confidential and may be privileged. Unauthorized disclosure, copying,
distribution or use of the contents of this message or any attachments,
in whole or in part, is strictly prohibited.
Terms of Use: http://www20.cera.com/tos
Questions/Comments: webmaster@cera.com
Copyright 2001. Cambridge Energy Research Associates


Should we talk about the implications for the PX Credit given this PD?  I am guessing that this would significantly alter the calculation for PG&E - moving DWR from $60 to $140.

Do we want to file comments on how this should than resolve the PX Credit process?

Jim

 -----Original Message-----
From: 	JBennett <JBennett@GMSSR.com>@ENRON [mailto:IMCEANOTES-JBennett+20+3CJBennett+40GMSSR+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, September 05, 2001 4:33 PM
To:	Kingerski, Harry; Jeff Dasovich (E-mail); Jim Steffes (E-mail); Neustaedter, Robert; Sue Mara (E-mail)
Subject:	Draft Decision on DWR Revenue Requirement

The Commission issued a draft decision yesterday (September 4) on DWR's
revenue requirement.  While the Commission had been scheduled to vote on the
revenue requirement at tomorrow's (September 6) meeting, the vote has been
postponed to allow for comments on the PD.  Comments are due on September
11th.  Cmmr. Lynch stated at her press conference held today that it  was
her intent to vote on the PD no later than the next regularly scheduled
Commission meeting on September 20th, and perhaps earlier if a continuation
meeting can be scheduled.

The PD approves the entirety of DWR's requested revenue requirement of $12.6
less the costs of certain demand side management programs which are not
included as "authorized costs" under AB1X.  The PD does not follow DWR's
approach of a pro rata allocation of the revenue requirement among the three
UDCs.  Rather the PD follows a "cost of service" approach.  The PD allocates
DWR's energy procurement costs on a geographic basis, depending on whether
the energy is delivered over facilities in northern California or Southern
California (Transmission Path 15 is the line of demarcation).  Energy
sources procured north of Path 15 are allocated to PG&E customers and those
procured south of Path 15 are allocated to SCE and SDG&E customers.  The
result of such allocation is to have 54% of DWR costs allocated to PG&E, 33%
to SCE and 13% to SDG&E.  Each of the UDCs are then allocated the same
percentage of bond proceeds.  In revenue requirement terms this means that
for the period of January 17, 2001 through December 31, 2002, PG&E is
allocated $6.53 billion; SCE is allocated $4.01 billion and SDG&E is
allocated $1.53 billion.

Along with the revenue requirement allocation, the PD adopts a DWR charge
for each UDC.  The UDCs are directed to begin dispersing payment to DWR
based on the relevant DWR charge for each kWh sold by DWR to the UDC's
customer.  For PG&E this charge is 13.99 cents/ kWh; for SCE the charge is
10.03 cents/kWh; and for SDG&E the charge is 9.02 cents/kWh.  The PD also
notes that given the fact that PG&E's DWR charge is  !3.99 cents it may need
to remit to DWR an additional 4  cents for each kWh that was provided to its
customers by DWR since June 1 until this order becomes effective.

As for the necessity of raising PG&E and SCE rates to account for the DWR
revenue requirement, the PD states that such a determination cannot be made
until a decision on the revenue requirement for the UDCs' retained
generation is issued.  That proposed  decision is due out later this month.

If you have any questions or would like a copy of the order, please contact
me.

Jeanne Bennett


Market Participants:

> On Friday August 25th, and Monday August 28th, the California ISO will be
> performing communication upgrades which will affect telephone
> communications with both the Alhambra and Folsom Control Rooms. During
> this work, all inbound and outbound service to the ISO's primary telephone
> system will be out of service. All inbound and outbound communications
> during the periods specified below must be made through the ISO's
> secondary telephone system. The schedule for this work is as follows:
>
> On Friday August 25th between 18:00 and 24:00 the Alhambra primary
> telephone system will be out of service.
>
> Monday August 28th starting at 18:30 and continuing through August 29th at
> 02:30 the Folsom primary telephone system will be out of service.
>
> During these periods, you must use phone numbers applicable to the ISO's
> secondary telephone system to reach the ISO Control Rooms and ISO staff
> will use your secondary system telephone numbers to reach you.
>
> During the scheduled primary phone outage the ISO can be reached at the
> following back up phone numbers:
>
> ALHAMBRA
> Generation Desk (Console 5) - (626) 299-4428 through 4431 (Lines 1-4).
> Transmission Spare Desk (Console 1) - (626) 299-4424 through 4427 (Lines
> 1-4).
> Transmission Center Desk (Console 2 ) - (626) 299-4404 through 4407 (Lines
> 1-4).
> Transmission Desk (Console 3) - (626) 299-4412 through 4415 (Lines 1-4).
>  Scheduler 1 Desk (Console 4) - (626) 299-4464 through 4467 (Lines 1-4).
> Scheduler 2 Desk (Console 6) - (626) 299-4460 through 4463 (Lines 1-4).
> Shift Manager Desk (Console 7) - (626) 299-4416 through 4419 (Lines 1-4).
> B.E.E.P. Desk (Console 8) - (626) 299-4474 through 4477 (Lines 1-4).
>
> FOLSOM
> Shift Manager - (916) 351-5512 through 5514
> Security Coordinator - (916) 351-5542, 5543
> Generation Desk 1 - (916) 351-5520 through 5523
> Generation Desk 2 - (916) 351-5536 through 5539
>
> Beep Desk - (916) 351-5508 through 5511
> Transmission Desk 1 - (916) 351-5546, 5547
> Transmission Desk 2 - (916) 351-5550, 5551
> Scheduler COI - (916) 351-5534, 5535
> Scheduler DC - (916) 351-5530, 5531
> Hour Ahead - (916) 351-5517 through 5519
>
> Byron Woertz
> Director, Client Relations
>


I just wanted to rsvp for the ENA function on Aug. 2.

Matt Lenhart


---------------------- Forwarded by Elizabeth Sager/HOU/ECT on 02/28/2000
08:51 AM ---------------------------

Joe Hartsoe@ENRON
02/25/2000 07:49 AM
To: Elizabeth Sager/HOU/ECT@ECT
cc: jhartso@enron. com
Subject: Re: Draft of EPMI Response Letter to TVA

Elizabeth -- This letter is excellent.  Attached I added several
suggestions.  Primarily, I suggest adding to the begining paragraph a few
words and a sentence to put into perspective what is going on for the quick
reader.  Also, on the mention of FERC, I suggested a ( ) to place into
context and lighten the sting.  Lastly, when you use "Commercial" I suggest
using "commercially reasonable" if that would be the ultimate standard
applied.  Just suggestions -- use as you like.  Later JOE

Elizabeth Sager@ECT
02/24/2000 03:36 PM
To: James B Fallon/HOU/ECT@ECT, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, Joe Hartsoe/Corp/Enron@ENRON,
Cynthia Sandherr/Corp/Enron@ENRON
cc: Kevin M Presto/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT, Bill
Rust/HOU/ECT@ECT

Subject: Draft of EPMI Response Letter to TVA

At the request of Christi, enclosed please find a revised draft of EPMI's
response to TVA's recent  letter concerning  EPMI's transmission requests.
This letter has been revised from the earlier draft to reflect comments from
Kevin and me.  I will call Bill Rust and read the letter to him after all
revisions have been made.  Please let me know if you have any comments.  We
would like to get the letter out to TVA as soon as possible, preferably this
afternoon if possible

Thanks
Elizabeth
36349


Anita,

Could you please arrange for the purchase of the following software by
coordinating with Mike?

Thanks.

Rakesh

---------------------- Forwarded by Rakesh Bharati/NA/Enron on 03/30/2001
10:10 AM ---------------------------

Mike Bothwell <mbothwell@houston.vni.com> on 03/30/2001 08:58:20 AM
To: Rakesh.Bharati@enron.com
cc:

Subject: RE: Visual Numerics CNL Licensing Issues

Rakesh,

Thank you very much for selecting Visual Numeric's IMSL CNL.  Attached is a
revision of the quote I previously sent, reflecting a change in the
quantity.  If you have any quesitons, please contact me.

Thank you,

Mike Bothwell
Account Manager
Visual Numerics Inc.
Phone: 713-954-6423
Fax: 713-781-9260
Cell: 713-417-9069
mbothwell@houston.vni.com <mailto:mbothwell@houston.vni.com>
<http://www.vni.com/>

Visual Numerics Celebrates 30 Years
As an Independent Software Vendor

-----Original Message-----
From: Rakesh.Bharati@enron.com [mailto:Rakesh.Bharati@enron.com]
Sent: Thursday, March 29, 2001 6:05 PM
To: Mike Bothwell
Subject: Re: Visual Numerics CNL Licensing Issues

Mike,

We have decided to go ahead with the purchase of a single license of IMSL
libraries (C/C++) for PC.  I believe that would be CNL 4.0 forPC.  Let me
check the cost for the license before we finalize it as I have mislaid your
previous e-mail about the cost.  It is my recollection that it is less than
$1500.  Please e-mail to confirm with the precise number so we can proceed
wih that.

Thanks,

Rakesh

Mike Bothwell <mbothwell@houston.vni.com> on 03/29/2001 12:56:03 PM

To:   "'Rakesh.Bharati@enron.com'" <Rakesh.Bharati@enron.com>
cc:

Subject:  Visual Numerics CNL Licensing Issues

Rakesh, I'm just following up to see how things looked on this.  Any change
in status?  Let me know I can furhter help you.

Best regards,

Mike Bothwell
Account Manager
Visual Numerics Inc.
Phone: 713-954-6423
Fax: 713-781-9260
Cell: 713-417-9069
mbothwell@houston.vni.com <mailto:mbothwell@houston.vni.com>
<http://www.vni.com/>

Visual Numerics Celebrates 30 Years
As an Independent Software Vendor

Rakesh,

As we discussed, the CNL 4.0 PC libraries are not license managed.  Version
5 will be.  The PC Version 4.0 can be installed on a network drive and
called from networked PCs.  As expected, we would ask that Enron honor the
license agreement by allowing only the number of simultaneous uses
permitted
by the license.  Version 5.0 will be license managed and can be licensed as
node locked or floating.

With regard to Unix licensing, the current version of CNL for Unix is
license managed.  It can be licensed as node locked or floating.  If you
install the libraries on a Unix server as node locked, the number of
simultaneous sessions on that server is not limited except by the
capabilities of the machine.  A floating Unix license would be checked out
by the individual user to be executed on a local machine.

Also as mentioned, your investment is protected by allowing you to upgrade
in the future by paying only the price difference between your current and
desired platforms.  This upgrade option only applies to licenses covered
under support.

If you have any additional questions, please let me know.  I look forward
to
providing you the best math and statistical libraries available today to
help you solve your problems and understand your data.

Best regards,

Mike Bothwell
Account Manager
Visual Numerics Inc.
Phone: 713-954-6423
Fax: 713-781-9260
Cell: 713-417-9069
mbothwell@houston.vni.com <mailto:mbothwell@houston.vni.com>
<http://www.vni.com/>

Visual Numerics Celebrates 30 Years
As an Independent Software Vendor

 - vni-mb-enro-014-1 03-30-2001.doc


Good Morning,
Could you find our November PPL/Griffith cost spreadsheet and send a copy to me.  I asked Mara for a copy but she wrote back saying she was no longer with Enron and to contact you.  I'm trying to get a jump on the Holiday craziness.
Thanks for your help.
-Craig W. Lipke
Citizens Energy Supply
Phone (928) 226-2243
Fax     (928) 226-2168
Cell     (928) 699-3683


Your SAP user ID is P00501250.  Your initial password is your birthdate in
YYYYMMDD format.    808333
---------------------- Forwarded by Scott Becken/Corp/Enron on 08/15/2000
07:12 PM ---------------------------

	From:  Eric Bass @ ECT                           08/15/2000 10:15 AM

To: SAP COE/Corp/Enron@Enron
cc:

Subject: SAP Logon ID and Password

How do I go about getting my logon id and password?  I seem to have deleted
the e-mail that was sent out.

Thanks,

Eric Bass
x30977


We have received the Q&A for current Enron employees.  The Q&A is posted on the Intranet at http://home.enron.com/updates/qa.html
The posted information may not address all of your questions as quickly as you deserve, but a team is working to provide accurate responses to your most important questions about employee benefits, expense payments and so on.  Be sure to continue checking this web site for updated information.
If the posted info does not address your concerns, you may send your questions to questions@enron.com
Again, thanks for your patience!

Julie Kearney, ENA HR
503) 464-7404


Hi.
Glad to hear that things are moving along for you.  Believe me I know what waiting to sell a house is like.  It is nice to have ones own place but a pain in the butt when you are trying to move.  Anyway, GOOD LUCK, and drop me a note from time to time.
Love  Donna

Do You Yahoo!?
Make international calls  for as low as $0.04/minute with Yahoo! Messenger.


Per Kevin Garland's request, I've scheduled the following meeting.

DATE:  October 4, 2000
TIME:  3:30 - 4:30 pm
PLACE:  50M03

Thanks!

Rebekah Rushing (rebekah_rushing@enron.net)
Enron Broadband Services
Broadband Ventures group
713-853-3273 - phone
713-646-8010 - fax


Howdy, Julie!

Here's an item for the newsletter:

I'm directing the Rice Light Opera Society in their inaugural production
of The Mikado.  Performances are March 14-23.  Tickets are $10 for
non-students.

For reservations, directions, and more information can all be found at

	http://www.ruf.rice.edu/~rlos/

Thanks!

--
Joe Carl White
Singer, Consultant, Humanitarian
http://joewhite.com/

------------------------ Yahoo! Groups Sponsor ---------------------~-->
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No Minimums.
FREE Money 2002.
http://us.click.yahoo.com/BgmYkB/VovDAA/ySSFAA/NoOolB/TM
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Reference for future months.
---------------------- Forwarded by Sally Beck/HOU/ECT on 01/05/2000 01:16 PM
---------------------------

	From:  Sheila Glover                           01/05/2000 09:26 AM

To: Sally Beck/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT
cc: Theresa T Brogan/HOU/ECT@ECT, Bennett Kaufman/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Gretel Smith/HOU/ECT@ECT, Kelly
Templeton/Corp/Enron@ENRON, Stella L Ely/HOU/ECT@ECT
Subject: Vacation, floating holiday request

Sally, Gary,

I would like the following vacation time off:
Monday, Jan 10th (changed from Jan 11th)
February 21-25
March 15 - 17

Thanks. Sheila


Yes.

	Mike D Smith@EES
	03/05/2001 06:02 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Confirmation:  Internal and UC/CSU Client Call, Tuesday, 3/6/01

Jeff--it would be great if you could be on the internal call tomorrow at 2 to
help us think through legislative issues, including AB X 27.  Any chance we
can get a spot of your time?
---------------------- Forwarded by Mike D Smith/HOU/EES on 03/05/2001 06:01
PM ---------------------------
From: Michele Curtis/Western Region/The Bentley Company@Exchange on
03/05/2001 05:40 PM
To: Mike D Smith/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Dennis
Benevides/HOU/EES@EES, Tom Riley/Western Region/The Bentley Company@Exchange,
Dan Leff/HOU/EES@EES, Neil Bresnan/HOU/EES@EES
cc: Rosalinda Tijerina/HOU/EES@EES, Leticia Botello/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Iris Waser/HOU/EES@EES
Subject: Confirmation:  Internal and UC/CSU Client Call, Tuesday, 3/6/01

This is to confirm the following two conference calls scheduled for tomorrow,
Tuesday, 3/6/01.

? Pre-Client Internal Conference Call - 2:00pm - 3:00pm PST (4:00pm - 5:00pm
CST and 10:00pm - 11:00pm London time)
Domestic Call in number:  888-329-7124
Passcode for both domestic and international:  56459
International Call in number:  212-547-0176
Confirmation #3315522

? UC/CSU Client Call - 3:00pm PST (5:00pm CST and 11:00pm London Time)
Domestic Call in number:  888-329-7124
Passcode for both domestic and international:  28464
International Call in number:  712-257-3072
Confirmation #3315412

Please call if you have any questions.
Michele
925-543-3716


<<12_19_01 control rod adjustment.doc>>

Hope you all have a happy and healthy holiday season.  Take Care -

Bobbi J. Kilburn
Treasury & Risk Administrator
Vermont Yankee Nuclear Power Corp.
(802) 258-4120
(802) 258-2101
Bobbi.Kilburn@vynpc.com

 - 12_19_01 control rod adjustment.doc


Greg,

As you may know, Brad Romine's dot.com venture fell apart.

The offer from Enron looks much better now. I have arranged for him
a number of different interviews (including one with you). I think we should
not be too
punitive and give him the 2nd chance. I am also setting up for him interviews
with RAC
and EBS  and he should be able to negotiate a good first rotation.

Please, give me a call if you have any other question.

Vince Kaminski


FYI,

I have all your drafts completed,  I just need to proof read one more time.

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


OUTLOOK EMAIL NOTIFICATION

Your Date of Migration is: May 10th

YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:
Please go through your Notes email and clean out as many old/un-needed email
items as possible BEFORE your date of migration.? After you are migrated to
Outlook you will only be allocated 100MB of total Mailbox space.?? If more
than this amount of data is migrated to Outlook YOU WILL NOT BE ABLE TO SEND
E-MAIL until it is below the 100MB limit.? Cleaning up your Notes email now
will prevent this from happening to YOU.

Enron,s messaging platform is migrating from Lotus Notes to Microsoft Outlook
2000 worldwide.  You will be accessing Outlook for all of your email
functions.

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

Many factors contributed to the decision to migrate from Lotus Notes to
Microsoft Exchange/Outlook.  The most prominent factors were:

? Significant advantages to moving to a product that is more integrated with
current Enron apps (Windows 2000, Office and Internet Explorer)
? More efficient Shared PC and Roaming User features
? Improved support and integration for Palm/CE devices
? Instant Messaging capabilities

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

? Email Messages.  From the date of your scheduled migration, the last (30)
thirty days of your Email will be converted for use in Outlook.
? All your folders in Notes you use to store email messages in.
? To Do Items
? Journal Items
? Calendar Entries dating from (1) one year in the past to (10) ten years in
the future will be converted.
? Address Books, but NOT your Distribution Lists that you created.  You will
need to re-create these in Outlook.

Thank you,

Outlook 2000 Migration Team


I was wondering if you were there.  Hope the weather is better there than in
Houston.  Is there any water in the bay?

Love,

Kay

Bill and Rita McCall <bmccall@wcnet.net> on 10/10/2000 11:06:58 AM
To: Kay.Mann@enron.com
cc:

Subject: Palacios calling

Hi Kay,Kay. Hope all of you are staying warm. We are looking for Jo and
Rich in a few minutes. Just wanted you to know we are here. Love to
all,Mother


My worksheet has a lot of support for the pricing we billed for January.

Take a look at the worksheet and give me a call.  We probably will not be
able to cover everything at once.

We still have a few items to bill.  I will let you know what those items are
and when we expect to bill them.


Below is a chart of Kevin and Janet's power group.

The ENA East legal group heads are:

Elizabeth Sager--
Barbara Gray--Origination/Structured deals
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 01/09/2001
01:58 PM ---------------------------
CHRISTY
CHAPMAN
01/09/2001 12:50 PM


Neither ENA/RAC/EGF employees nor family members or others living in their
household or financially dependent on the ENA/RAC/EGF employee may purchase
or sell securities of any entity (or derivatives thereof) listed on the
Restricted List for your or their personal or related accounts or recommend
the purchase or sale of such securities to any person, except with the prior
approval of the Compliance Department in consultation with the ENA Legal
Department.

In addition to the trading restrictions above, should you at any time possess
non-public material information about any public company, you, your family
members and anybody that is financially dependent on you, are restricted from
trading in that issue, and you may not disclose the non-public material
information to anyone that does not have a business need to know.

Company Name Stock Symbol

3 TEC Energy Corp.       TTEN
Adrian Resources ADRRF
Beau Canada Exploration Ltd BAU CN
Belco Oil & Gas Corporation BOG
Bonus Resource Services Corp BOU
Brigham Exploration BEXP
CanFibre Group Ltd. CFGL
Carrizo Oil & Gas Inc. CRZO
Costilla Energy COSE
Crown Energy CROE
CyNet, Inc. CYNE
Cypress Energy CYZ
Esenjay Exploration ESNJ
FirstWorld Communications Inc. FWIS
Hanover Compressor Co. HC
ICE Drilling Enterprises Inc. IDF
Industrial Holdings, Inc. IHII
Inland Resources, Inc. INLN
Kafus Environmental Industries, Inc. KS
Nakornthai Strip Mill Public Co Ltd NSM SET
Paladin Resources PLC PLR LD
Paradigm Geophysical PGEOF
Place Resources, Inc. PLG CN
Quanta Services Inc. PWR
Queen Sand Resources, Inc. QSRI
Quicksilver Resources Inc. KWK
Saxon Petroleum, Inc. SXN CN
Southwest Royalties SWROY
Startech SEH CN
Syntroleum Corp. SYNM
Tejon Ranch Corp. TRC
Tetonka Drilling TDI
Titan Exploration TEXP
TransCoastal Marine Services, Inc. TCMS

The Restricted List is solely for the internal use of ENA/RAC/EGF.  No one
may engage in discussions regarding whether a security is or is not on the
Restricted List with persons outside ENA/RAC/EGF without specific clearance
from the Compliance Department in consultation with the ENA Legal Department.

In addition to the above, you are reminded that pursuant to Enron Corp.'s
Risk Management Policy ("Policy"), no ENA/RAC/EGF employee may engage in the
trading of any "Position"  ("Position" means any  commodity, financial
instrument, security, equity, financial asset or liability that are
authorized for trading in
the

Policy for the benefit of any party other than ENA/RAC/EGF, whether for
his/her own account or the account of any third party, where such Position
relates to (i) any commodity,  financial instrument, security, equity,
financial asset or liability which falls within such employee's
responsibility at ENA/RAC/EGF or (ii) any energy commodity.

The prohibitions listed above do not replace or modify the policies set forth
in ENA's Policies and Procedures Regarding Confidential Information and
Securities Trading, Enron Corp.'s Risk Management Policy, or Enron Corp.'s
Conduct of Business Affairs.  Should you have any questions regarding the
above, please contact me at ext. 31939.


EOL Deals	 From: 9/1/2001   To: 9/26/2001	  ` 	EnPower	 From: 9/1/2001   To: 9/26/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 484	 9,632,525	  	 EPMI Long Term California	 98	 4,273,805
 	 EPMI Long Term Northwest	 358	 5,573,000	  	 EPMI Long Term Northwest	 413	 15,115,061
 	 EPMI Long Term Southwest	 427	 6,818,380	  	 EPMI Long Term Southwest	 277	 22,328,990
 	 EPMI Short Term California	 2,237	 1,979,159	  	 EPMI Short Term California	 639	 1,660,125
 	 EPMI Short Term Northwest	 1,202	 828,800	  	 EPMI Short Term Northwest	 572	 623,409
 	 EPMI Short Term Southwest	 1,710	 1,420,050	  	 EPMI Short Term Southwest	 843	 2,400,648
 	 Real Time	 1,112	 27,900	  	 Real Time	 642	 70,882

 	 Grand Total	 7,530	 26,279,814	  	 Grand Total	 3,484	 46,472,920

 	 EOL Deals	 From: 9/26/2001   To: 9/26/2001	  	 EnPower	 From: 9/26/2001   To: 9/26/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 30	 568,800	  	 EPMI Long Term California	 4	 99,600
 	 EPMI Long Term Northwest	 17	 236,400	  	 EPMI Long Term Northwest	 34	 1,328,096
 	 EPMI Long Term Southwest	 12	 251,225	  	 EPMI Long Term Southwest	 33	 4,538,580
 	 EPMI Short Term California	 173	 363,575	  	 EPMI Short Term California	 49	 202,368
 	 EPMI Short Term Northwest	 101	 66,800	  	 EPMI Short Term Northwest	 42	 106,856
 	 EPMI Short Term Southwest	 89	 170,450	  	 EPMI Short Term Southwest	 47	 177,150
 	 Real Time	 66	 1,675	  	 Real Time	 45	 4,457

 	 Grand Total	 488	 1,658,925	  	 Grand Total	 254	 6,457,107

 	 ICE Volumes	 From: 9/26/2001   To: 9/26/2001
 	 Delivery Point	 Total MWH	 EPMI MWH	  Price

 	 Mid C (OP, Next Day)	 400	 0	  $       16.75
 	 Mid C (P, Next Day)	 2,400	 800	  $       20.50
 	 Mid C (P, Oct-01)	 10,800	 0	  $       23.50
 	 Mid C (P, Nov-01)	 30,000	 10,000	  $       29.92
 	 Mid C (P, Jan-02)	 10,400	 0	  $       37.25
 	 Mid C (P, Q1 02)	 30,400	 0	  $       32.25
 	 NP-15 (P, Next Day)	 800	 800	  $       25.00
 	 NP-15 (P, Nov-01)	 20,000	 10,000	  $       29.88
 	 Palo (P, Next Day)	 9,600	 0	  $       26.89
 	 Palo (OP, Next Day)	 800	 800	  $       15.07
 	 Palo (OP, Oct-01)	 7,825	 0	  $       17.00
 	 Palo (P, Oct-01)	 172,800	 10,800	  $       26.11
 	 Palo (P, Nov-01)	 50,000	 10,000	  $       25.80
 	 Palo (P, Dec-01)	 20,000	 0	  $       30.75
 	 Palo (P, Jan-02)	 20,800	 0	  $       30.50
 	 Palo (P, Q1 02)	 30,400	 0	  $       29.50
 	 Palo (P, Q4 02)	 30,800	 0	  $       33.00
 	 SP-15 (OP, Next Day)	 1,200	 0	  $       16.58
 	 SP-15 (P, Next Day)	 6,400	 800	  $       25.03
 	 SP-15 (P, Oct-01)	 21,600	 0	  $       25.05
 	 SP-15 (P, Nov-01)	 10,000	 10,000	  $       27.50
 	 SP-15 (P, Dec-01)	 20,000	 0	  $       32.88
 	 SP-15 (P, Jan-02)	 10,400	 0	  $       33.00
 	 SP-15 (P, Q1 02)	 30,400	 0	  $       33.00

 	 Grand Total	 548,225	 54,000	  $     642.71


Don, just wanted to let you know that the change on the switches has been postponed and no one will be affected this weekend.

Thanks,
Joe
 -----Original Message-----
From: 	Torres, Pablo
Sent:	Wednesday, August 15, 2001 1:42 PM
To:	Brewer, Joe
Subject:	RE: Need list of port ID's and locations

Thank you very much for doing this. They have postponed this Change Control until they are certain that it will not affect the traders.

Pablo

 -----Original Message-----
From: 	Brewer, Joe
Sent:	Tuesday, August 14, 2001 5:16 PM
To:	Torres, Pablo
Subject:	RE: Need list of port ID's and locations

EB3113A idf 13A1A,B
EB3113B idf 13BA,B
EB3113C idf 13CA
EB3113D idfs 10GA port A, 31T port C,D
EB3114 idf 14A1,2
EB3114A idf 14B A
EB3114B idf c2 port A
EB3123C idf 23C port A
EB3122F idf 22F 1,2
EB3122G idf 22G port A
EB3122H idf 22HA
EB3112D idf 12D port A,B
EB3112E idf 12EA,B
EB3112F idf 12FA,B
EB3111C idf 11CA,B
EB3111D idf 11DA,B
EB3111E idf 11EA,B

Pablo I know these sound funny but this is the only lableing on the ports.

Thanks,
Joe

 -----Original Message-----
From: 	Torres, Pablo
Sent:	Tuesday, August 14, 2001 3:16 PM
To:	Brewer, Joe; Ellis, Carter
Cc:	Belt, Cedric
Subject:	Need list of port ID's and locations

Can either of you get me a list of port ID's and locations for 24 Hour East Power Traders? Gail in Network Dept may be swapping out switches on EB31 this weekend. We don't want for any of these traders to be affected. Please, speak to Don Baughman so he can point out the traders that need to be excluded.

Thanks,

Pablo S. Torres
Team Lead - 31st and 32nd Floor
Trader Support Group
Phone: 713-853-9136
Pager: 877-629-4264
Cell: 281-541-6481
E-Mail: pablo.torres@enron.com


Here is a summary  of recent developments:

Natural Gas and Electricity Class Action Complaint Against El Paso
 Two plaintiffs attorneys filed a class action complaint alleging
anti-trust and unfair competition against El Paso and 100 Does for inflating
natural gas prices and the price of electricity.  The complaint alleges that
this was done by withholding capacity on the El Paso and Trans Western
pipelines.
  <<gascomplaint.pdf>>

Ron Carroll's Analysis of Private Cause of Action
 One of the assignments from our Portland meeting was to find out
whether or not there was a private right of action (or prohibition of same)
under the Federal Power Act.  Here is Ron Carroll's response:

 The courts have refused to create a private cause of action for
violations of the FPA, stating that the regulatory scheme created by
Congress vested the regulatory body with the power to pursue enforcement.
See Clark v. Gulf Oil Corp., 570 F.2d 1138, 1149 (1977) (pertaining to the
recovery of losses due to allegedly unlawful rates under the NGA); City of
Gainesville v. Florida Power & Light Co., 488 F. Supp. 1258, 1277-78 (S.D.
Fla. 1980) (noting that the legislative history of the NGA, which was
modeled after the FPA, does not suggest the existence of any private rights
of action).
Dave Noonan's Report on Defense Counsel Teleconference on Monday
 Chris Healy has just advised me that the call will take place on
Monday, December
 18 at 10:30 am (PST) to discuss removal issues in the Hendricks
case.  The
 dial-in number for the call is 1-866-855-6338, password 8315.
 <<QDV#01!.DOC>>  <<QF2Z01!.DOC>>

 Also, Morgan Stanley is rep'd by Jeff Davidson of Kirkland&Ellis
[L.A].
Data Preservation
 Steve Hall and others have been working on making sure that the
California AG's request to preserve evidence has been complied with.  EPMI
will probably be extending the period that it keeps backup tapes, making
copies of hard drives from individual computers etc.
FERC Developments
 Secretary of Energy Richardson issued an emergency order requiring
EPMI to market energy to  the ISO.  In addition, another emergency order was
issued today.  I enclose the order and the press release. The Press release
for today's order is included below. The FERC special meeting on California
was videotaped by Nancy Pickover of Bracewell and is being sent to us.
  <<202corder.pdf>>  <<Califnotice.pdf>>  <<dec15caorder.pdf>>
Dan Watkiss Analysis of FERC Order re Penalties for Refusal to sell Energy
 Last Friday, the ISO filed with FERC Amendment No. 33 to its tariff.
Among other things, the Amendment adds to the section 5 of the  tariff  new
provisions empowering the ISO to assess a penalty against Participating
Generators that refuse to operate in response to an ISO Dispatch instruction
during a System Emergency or when the ISO is acting to avoid an imminent or
threatened System Emergency.   The penalty is stiff:  (1) a charge for each
MWh of the Dispatch instruction with which the Participating Generator does
not comply equal to twice the highest price for Energy, per MWh, paid in
each hour by the ISO to any other entity to produce Energy; and (2) if the
ISO is required t call for the involuntary curtailment of firm Load to
maintain Applicable Reliability Criteria during the System Emergency, then
an additional charge equal to $1,000 for each MWh of the Dispatch
instruction with which the Participating Generator does not comply.  The
only defense to these penalties is to provide proof that the generating unit
in question was physically incapable of running or it would have violated
state or federal law to run it (e.g., air emission allowance limits).  The
ISO asked FERC for an immediate effective date of December 8, which FERC
granted in a December 8 order.

 The ISO Tariff defines "Participating Seller or Generator" to mean
"A generator or other seller of Energy or Ancillary Services through a
Scheduling Coordinator over the ISO Controlled Grid and which has undertaken
to be bound by the terms of the ISO Tariff."  If Enron is a Participating
Generator (Mary Hain informs me that Enron is not one), then it risks
incurring the new penalty if it fails to respond to an ISO order to sell
ancillary services to  the ISO.  I believe Enron might also risk incurring
the penalty in cases where it controls or has rights to all or a portion of
a generating capacity of a Participating Generator's unit.  If that capacity
is called on and the call is not answered because Enron is making some other
use of the capacity, the Enron may incur the penalty .  This seems to be
contemplated by section 4.1.1 of the Participating Generator Agreement which
obliges a Participating Generator to comply with the tariff (section 5.3) by
identifying the Generating Units that it owns, operates or has a contractual
entitlement to in Schedule 1, as required by Section 5.3 of the ISO Tariff.
(emphasis added).   As far as I know, it is that Schedule 1 that the ISO
consults when making decisions as to which Participating Generator to call
on.

Thanks
Gary

=======================================================
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 - gascomplaint.pdf
 - QDV#01!.DOC
 - QF2Z01!.DOC
 - 202corder.pdf
 - Califnotice.pdf
 - dec15caorder.pdf


Thanks.  Please also fax copies to Jim and Rick in Houston at 713.646.8160.

Best,
Jeff

	MDay <MDay@GMSSR.com>
	04/24/2001 04:31 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE: Stipulation

Signed version is on its way to you by fax. Mike

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, April 24, 2001 2:25 PM
To: MDay@GMSSR.com
Subject: Stipulation

FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 04/24/2001 04:24 PM -----

                    Robert C

                    Williams/ENRON@        To:
jbennett@gmssr.com@SMTP@enronXgate
                    enronXgate             cc:     Jeff
Dasovich/NA/Enron@Enron
                                           Subject:     Stipulation

                    04/24/2001

                    04:14 PM

Jeanne, please send a signed copy to me by fax (713-646-8266) and an email
of the final version to Jeff.  Thanks.

 -----Original Message-----
From:     Dasovich, Jeff
Sent:     Tuesday, April 24, 2001 4:12 PM
To:       Williams, Robert C.
Subject:

Greetings:
Could you email me the final version of the stipulation.  Thanks a lot.

Best,
Jeff


Some comments, including a couple environmental ideas (that may not be
feasible--please check).

Jennifer Thome@ENRON
05/23/2001 08:13 AM
To: Rebecca W Cantrell/HOU/ECT@ECT, Christi L Nicolay/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron, Ban
Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeff Dasovich/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Ray Alvarez/NA/Enron@ENRON, Nancy
Bagot/OTS/Enron@ENRON, Janel Guerrero/Corp/Enron@Enron

Subject: Talking points on gas in CA

Becky and Christi:

Attached are revised talking points on natural gas in CA.  I have made
revisions to reflect our discussion yesterday (e.g., no price caps, basis
differential is not explained by transportation costs, etc.).

As discussed, I hope to get input from the gas fundamentals group tomorrow
and finalize this document by Friday.

I welcome your feedback.

Jennifer
5-3550


We are continuing work to ensure our new online trading system, UBSWenergy, is ready for launch on the week of Feb. 11, which is the week following the anticipated Enron/UBS Closing Date of Friday, Feb. 8.

To assist in this process, we are planning an online trading simulation for Thursday, February 7 from  0900 to 1100 (CST). It is planned to include all  traders, originators, mid/back-office staff and IT teams who would normally be involved with electronic trading.

Purpose of the simulation - The simulation will test our "live" trading environment (restricted to internal access only) and will:

Test the integrity and functionality of the system and related processes (including credit, risk, legal, operations, etc.)
Provide an opportunity for traders to verify their products and product setup
Demonstrate how the trading system and processes work to UBS staff visiting next week

Nature of the simulation - The simulation will include testing of all processes related to trading and mid/back-office functions:

Credit, Legal, Risk, Operations, and other groups:
Profile tests for "external" customers (role-played by Originators)
Profile tests for internal users (traders, back-office, etc.)
Data and Process checking as completed transactions flow through Mid/back-Office systems

Traders and Originators:
Traders will be managing their individual books and associated products. Although we may be restricted to certain financial products on launch day, both physical and financial will be available during the simulation. Each trader will be asked to manage their individual position and profitability goals for the simulation.
Originators and others will be asked to play the roles of counterparties. Credit limits, etc. will be tested during the simulation.

Information Technology:
Will assist in preparing data on the system for the simulation.
After the simulation is over, will work with the relevant groups to test the trade-data in various systems and risk books
Will ensure all simulation data is removed from the system after the simulation is complete.

Next steps

Traders and Originators will be contacted prior to simulation day to ensure they have appropriate access to the system.
Originators will be assigned specific roles. You should expect to receive an email and/or handout on or before Wednesday, Feb. 6.
UBSWenergy personnel will be meeting with back office personnel over the next several days to ensure everything is in place for the simulation.

Summary

This simulation is an important step towards re-launching our trading business. We appreciate the participation of everyone involved as we prepare for the public launch of UBS Warburg Energy and the UBSWenergy trading platform.

If you have any questions, comments, suggestions, or ideas regarding this simulation, please feel free to contact Bob Shults (30397) or myself (31861).

Regards,
Dave Forster
713.853.1861
E-Mail:	David.Forster@enron.com


Done.

John Arnold@ECT
02/09/2001 12:33 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc:

Subject:

can you change #23 and #375 to Nymex


Thank you for your request. You will be notified by email when your request has been processed. You can check the progress of your request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000066571&Page=MyReq.


Jon, I am speaking with SMED first thing tomorrow morning (between 7 and 8) around their gas needs (they appear to finally be ready to get this one off their plates).

Can you get me fresh 1, 2, 3 and 5 year prices out of Nov. 1st.

I'll hopefully quit bugging you on this one very soon.

DC


We are pleased to announce the latest addition to the Corporate Benefits Team and clarify the roles of my direct reports.

Chris Rahaim accepted the position of Director of Benefits and joined Enron on August 6, 2001.  Chris comes to Enron from Entergy in New Orleans and has welcomed expertise in the area of Mergers and Acquisitions.  Chris recently obtained his law degree from Loyola University and has relocated his wife and 2-year old son to the Houston area.

Chris will oversee the day-to-day operations and management of the Health & Wellness, Pension and Savings Plans.  He will also function as the point person for benefits-related issues due to any upcoming or transitional mergers, acquisitions and divestitures.

Maryann Roman de Mezza has added management of the Health and Wellness Plans to her current role as the Director of Wellness.  Maryann brings her unique and extensive expertise of disease and vendor management to this area in a further effort to integrate Wellness programs with management of illnesses reported.  Maryann will report to Chris Rahaim.

Mikie Rath will concentrate on special projects, HR Commercialization efforts and employee benefit communication.

Sandy Huseman will concentrate on benefits accounting and return on investments for any plan design changes and implementations.  She will continue to provide guidance for the Health & Wellness team.

Kayla


FYI.  Haven't reviewed it yet.  Please review and comment.  Thanks.

---------------------- Forwarded by Mona L Petrochko/SFO/EES on 09/07/2000
11:50 AM ---------------------------

"Seabron Adamson" <seabron.adamson@frontier-economics.com> on 09/07/2000
10:00:56 AM
To: "Mona L Petrochko" <mpetroch@enron.com>
cc:
Subject: Two sections for CPUC repsonses

Mona:

I saw the email about the delay. We have attached some draft material for
some of the questions anyway. I will call you in a bit to go through it.

Seab

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

 - 00-09-07 SA Seab additions.doc
 - 00-09-07 SS Sabine additions.doc


Per our telephone conversation this morning, please send me a return e-mail
granting me the authorization to amend the consents and amendment documents
to reflect the change you requested from initial cap Enovate to lower case
enovate on Name Change documents and Illinois qualification.  Please confirm
which states marketing materials will actually as opposed to potentially be
distributed in so that we may qualify in those respective states.  Since we
can normally qualify an entity in states relatively quickly we will be able
to qualify in states as need be.  Thanks.

Teresa A. Callahan
Corporate Secretary's Office
EB4804    Ext. 58444


Let me know sometime today if you want to do this.

DG    3-9573
---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/12/2000
10:29 AM ---------------------------

	Enron North America Corp.

	From:  Darron C Giron                           10/12/2000 09:28 AM

To: Jason Wolfe/NA/Enron@ENRON, Anne Bike/Corp/Enron@Enron, Chris
Walker/HOU/ECT@ECT, Carole Frank/NA/Enron@ENRON, Jennifer
Bagwell/NA/Enron@ENRON
cc:
Subject: Risk vs Risk First Annual Paintball Wars

---------------------- Forwarded by Darron C Giron/HOU/ECT on 10/12/2000
09:24 AM ---------------------------

Patrick Ryder@ENRON
10/11/2000 08:30 AM
To: Kyle Etter/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Kam
Keiser/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT,
Dutch Quigley/HOU/ECT@ECT
cc:
Subject: Risk vs Risk First Annual Paintball Wars

David, Will and myself have come up with a great team-building idea. We will
pit all the risk groups against each other in a game of paintball as there
are a number of people who would enjoy shooting each other with paint guns. I
have narrowed it down to two possible weekends and need your help in
identifying which would be the best for your respective groups.

Option one: October 21 or 22
Option two:  November 18-19

Please report back to me as soon as possible so that I may reserve the
facility. Thanks

Pat Ryder


where did you stay?

-----Original Message-----
From: Maggi, Mike
Sent: Monday, November 26, 2001 8:37 AM
To: Nelson, Michelle
Subject: RE:

only for the night

-----Original Message-----
From: Nelson, Michelle
Sent: Monday, November 26, 2001 8:37 AM
To: Maggi, Mike
Subject: RE:

please tell me that you did not move out.  and why didn't you buy some this morning?

-----Original Message-----
From: Maggi, Mike
Sent: Monday, November 26, 2001 8:35 AM
To: Nelson, Michelle
Subject: RE:

i forgot to pack my toothpaste, long story

-----Original Message-----
From: Nelson, Michelle
Sent: Monday, November 26, 2001 8:34 AM
To: Maggi, Mike
Subject: RE:

what?  no.  are you being serious.  you can get some in the store in the other building.  did you forget to brush your teeth this morning?

-----Original Message-----
From: Maggi, Mike
Sent: Monday, November 26, 2001 8:33 AM
To: Nelson, Michelle
Subject: RE:

no i havent heard anything, do you have any toothpaste

-----Original Message-----
From: Nelson, Michelle
Sent: Monday, November 26, 2001 8:31 AM
To: Maggi, Mike
Subject: RE:

it was good. i guess.  i didn't want to come back.  and what am i late for?  it's not like i have a whole lot to do.  have you heard anything about today or tomorrow?  i love coming to work.....more and more rumors to greet you.

-----Original Message-----
From: Maggi, Mike
Sent: Monday, November 26, 2001 8:30 AM
To: Nelson, Michelle
Subject: RE:

dont hush me, how was youre trip back

-----Original Message-----
From: Nelson, Michelle
Sent: Monday, November 26, 2001 8:29 AM
To: Maggi, Mike
Subject: RE:

Hush
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Sally

I would welcome the opportunity to walk you through these presentations if
you have time. It has been 6 weeks - 2 months since we did an integration
update for Rick and hopefully this will demonstrate that we are out of
integration and managing more in the line as if it was any other business -
with it's usual set of problems.

I am also using this report to update Joe Gold who has been moved by the
office of the chair to President of the EnronMetals Group

Hope all is well

Mike
---------------------- Forwarded by Mike Jordan/LON/ECT on 05/12/2000 07:48
---------------------------

Mike Jordan
05/12/2000 07:42
To: Richard Causey/Corp/Enron@ENRON
cc: Fernley Dyson/LON/ECT@ECT

Subject: Presentations

Rick

Please find attached two presentations on current position/challenges with
the Metals group and inventory balances in particular.

The former outlines the 'Control' view of integration efforts - past, current
and urgent future
The latter is a summarised response to your earlier concerns over inventory

I look forward to discussing these with you at 9.30am / 15.30 pm ( London ).

Mike

---------------------- Forwarded by Mike Jordan/LON/ECT on 05/12/2000 07:36
---------------------------

Fiona McNaught
04/12/2000 13:21
To: Mike Jordan/LON/ECT@ECT
cc:

Subject: Presentations


Start Date: 2/27/01; HourAhead hour: 18;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022718.txt


avid (avid) adjective

   1. Having an ardent desire or unbounded craving; greedy.

   2. Marked by keen interest and enthusiasm.

[Latin avidus, from avere, to desire.]

   "Global Exchange, for instance, is an outfit of 40 people based in San
   Francisco, and an avid believer in street protest."
   Angry and effective, Economist, Sep 23, 2000.

A popular motivational saying goes, "Desserts is stressed spelled backwards."
This is an example of a reversible word, which when read from the right
yields another word. All of this week's words exhibit this quality. Just like
reversible clothing that changes pattern when worn inside out, reversible
words result in other usable words. A special case of reversible words are
palindromes, which spell the same when reversed. So palindromes are a subset
of reversible words which in turn are a subset of anagrams. Another name for
reversible words is semordnilap, a self-referential word coined by reversing
the word palindromes.

Some words coined in this manner have actually entered the dictionary. Here
are two examples: YOB (a rowdy youth), coined by reversing BOY, and MHO
(former unit of conductance), coined by reversing OHM, the unit of electrical
resistance.

Taking inspiration from the above desserts/stressed saying, can you coin a
pithy aphorism using some word and its semordnilap? Don your wordsmith hats
and send your gems to anu@wordsmith.org. Original entries only, please. I'll
publish selected ones here in a compilation next week. Here is a helpful
hint: you can elicit semordnilapic quality in many words by forming their
plural, past tense, etc. Also, semordnilaps are especially useful in creating
longer palindromic words. Here is a simple example, "Devil Dennis sinned,
lived." Can you come up with something more interesting? Email them to the
above address.                                                      -Anu

.............................................................................
All change is not growth, as all movement is not forward. -Ellen Glasgow,
novelist (1874-1945)

Q: Some time ago you featured a quote/word about x in AWAD. Could you resend
it?
A: You may search the archives at http://wordsmith.org/awad/search.html
   or browse them at http://wordsmith.org/awad/archives.html All the
   words and quotes since the beginning of AWAD are available there.

Pronunciation:
http://wordsmith.org/words/avid.wav
http://wordsmith.org/words/avid.ram


----- Forwarded by Jeff Dasovich/NA/Enron on 07/31/2001 12:10 PM -----

	Ginger Dernehl/ENRON@enronXgate
	07/30/2001 11:33 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: FW: Latest version of the presentation

Jeff,

Rick asked that I forward this to you.

 -----Original Message-----
From:  Carolyn Cooney
Sent: Tuesday, July 17, 2001 2:44 PM
To: Ginger Dernehl
Cc: Lora Sullivan
Subject: Latest version of the presentation
Importance: High

Ginger,

Here is the latest version of the presentation.  Rick made some changes this
morning.

Thanks!

Carolyn


I read the chapter. Generally,
I like it, and find it non-controversial
and well written. Of course, this is
a huge topic and there are things
that you haven't discussed.

I thought the amount of attention
paid to OLS and MLE estimation
was a bit overboard, given that you
didn't really exploit it in your
results. If you were to state
the likelihood function for
the GARCH model, it might justify
the amount of attention to
gave to estimation for
simple iid processes, which could then
be thought of as a simple lead-in
and intuition builder to
the more interesting models that
you do actually use.

By the way, in your discussion of
smiles, you discuss fat tails
extensively. At least for equity markets,
while fat tails contribute, they don't do very
much at all compared to the effect
of risk premia, which you allude to briefly,
using supply-demand language, at the
end of that section.

For the impact of risk premia, see
Jun Pan's paper, which is available
from her web page. But she covers
only SP500, (as do most studies),
and your markets are obviously much different.

The chapter will be a good service to your readers!

Best, Darrell

> X-Lotus-FromDomain: ECT
> From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> To: Darrell Duffie <duffie@Stanford.EDU>
> cc: "Grant Masson" <Grant.Masson@enron.com>, "Vince J Kaminski"
<Vince.J.Kaminski@enron.com>
> Date: Wed, 16 Aug 2000 16:37:53 -0500
> Subject: Re: Full version
> Mime-Version: 1.0
> Content-Disposition: inline
> X-UIDL: 00453eda98c82d709e6123af537e4f63
> X-Keywords:
>
>
>
> Darrell,
>
> Thanks a lot. I really appreciate it. The text is below our usual
> standards but we are completely swamped with work here.
>
> Vince
>
>
>
>
>
>
>
> Darrell Duffie <duffie@Stanford.EDU> on 08/15/2000 04:54:23 PM
>
> Please respond to Darrell Duffie <duffie@Stanford.EDU>
>
> To:   Vince.J.Kaminski@enron.com
> cc:
> Subject:  Re: Full version
>
>
> I'll have a look!
>
> I haven't much time, but can certainly
> get you a quick reaction, at least!
>
> Best, Darrell
>
>
> > X-Lotus-FromDomain: ECT
> > From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> > To: duffie@Stanford.EDU
> > Date: Thu, 10 Aug 2000 14:04:47 -0500
> > Subject: Full version
> > Mime-Version: 1.0
> > Content-Disposition: inline
> > X-UIDL: 9fef7462afa5d4ee6c04c9c02df71b25
> > X-Keywords:
> >
> >
> >
> > Darrell,
> >
> > Grant just alerted me that I sent you only  part of the text.
> >
> > Here is the full chapter with an aged version of Gran't part.
> > What I sent you represents an update of his contribution.
> >
> > Sorry for that.
> >
> > Vince
> >
> >  (See attached file: vol0720.DOC)
>
> _____________________________________________
> Darrell Duffie
> mail  GSB Stanford CA 94305-5015 USA
> phone 650 723 1976
> fax   650 725 7979
> email duffie@stanford.edu
> web   http://www.stanford.edu/~duffie/
> _____________________________________________
>
>
>
>
>
>
>

_____________________________________________
Darrell Duffie
mail  GSB Stanford CA 94305-5015 USA
phone 650 723 1976
fax   650 725 7979
email duffie@stanford.edu
web   http://www.stanford.edu/~duffie/
_____________________________________________


I corrected the deal.  The price should be Waha Index +.01.

D

Elizabeth L Hernandez
09/01/2000 07:49 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 5/00 production - Duke Energy

You probably haven't had time to look at the Duke Energy price.  When you get
a chance could you please let me know what the correct price is for May 2000
production.

---------------------- Forwarded by Elizabeth L Hernandez/HOU/ECT on
09/01/2000 07:48 AM ---------------------------

	From:  Stephanie Gomes                           08/30/2000 08:48 AM

To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 5/00 production - Duke Energy

Elizabeth,
Sorry, I can't remember if we had talked about this pricing issue or what.
Were you looking into this issue  for me or was it passed to someone else.
Please see the email below.  I believe the system is pulling in the wrong
price for WAHA.WTX.IF.M.I.. for 5/00 production.  The deal # is 250237.
 I looked at the publication and it shows that the price should be $2.95.
The price of $2.95 plus $1 would equal the price of $2.96 which is what Duke
is
claiming the price to be instead of what we are showing which is $3.95.

Thanks, Stephanie ( 3-6004 )

---------------------- Forwarded by Stephanie Gomes/HOU/ECT on 08/30/2000
08:42 AM ---------------------------

	From:  Stephanie Gomes                           08/28/2000 01:58 PM

To: Elizabeth L Hernandez/HOU/ECT@ECT
cc:
Subject: Pricing Issue for 7/00 production

Elizabeth,
I have a pricing discrepancy and I was not sure if I send this to you or
Oneil.
It's for Duke Energy, 5/00 production, deal # 250237.  Duke believes our
price is too high.  The system downloaded a price of  $3.95
The price should be WAHA.WTX.IF.M.I. , which is $2.95 for that month.  (
WAHA.WTX.IF.M.I. + 1 ) Duke believes we should have paid them $2.96.
I think the system pulled in the wrong price.  Could you please let me know
if you handle this pricing issue or someone else?

Thanks, Stephanie ( 3-6004 )


Dear All,

I have been asked to give a talk on the use of copulas in stress testing
at a Risk conference.
As I don't really work directly on those sorts of things anymore I would need
some help
putting anything together- I am happy with the theory, I would just need to
present some results. It is a risk conference in London/New York in February.

If I can't accept it soonish I'll have to turn it down.
The organiser has another person in mind and I don't want to give a rubbish
talk.

Regards,
Sharad Agnihotri

Please respond to "Jean-Pierre Doggett" <jpdoggett@riskwaters.com>

To:   <Sharad.Agnihotri@enron.com>
cc:

Subject:  Risk's advanced stress testing course

Dear Sharad,

I attach a copy of the draft programme - please feel free to suggest any
amendments.

To give you some context, we're pitching the course at  more senior risk
managers who are familiar with standard stress testing  techniques so the
content must be a significant step further e.g. alternative  approaches,
incorporating credit risk etc.

My number is at the bottom of this message. Thanks for your help,
J-P

Jean-Pierre Doggett
RISK Conference Producer
RISK  Waters Group
Phone: + 44 (0) 20 7484 9813
Fax + 44 (0) 20 7484  9800
e-mail: jpdoggett@riskwaters.com
www.riskwaters.com

 - Stress testing draft.doc


PROCESSING

None...

TENDERED

27821	Cinergy	2/1-2/28/02		5,000/d	Cen Pool to Topock	Negotiating 2/1

OBA	Lone Star	New OBA Agreement Ward RP, Ward DP & LS Pecos	 	Tendered 3/7

GS	Energas	New Gas Sales Agreement				 	Tendered 3/11

100001	Tenaska	4/1/02-5/31/02	5,000/d	W Tex to WS Ward	EXECUTED

27600	Bass Enter	Extend to 5/31/03	2,500/d	Crawford to Valero	Tendered 3/14

27579	Duke Energy	Eff 3/15		20,000/d	Swap RP Vols		EXECUTED


The following Late/Pending nom has been rejected:

Company: 000236    Arng: 37147-02936    Eff Date: 2001-06-01

                          Nominated
           Location        Quantity

Receipt    P1056903           1,600
Delivery   P1037147           1,600

REJECTED REASON: POOL OUT OF BALANCE

This document was created by TCO2114  in the DB2P subsystem in TRANS ID TJLA, program TJ90018


Does Wednesday the 13th work for everyone?

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

	Midge.Hirsch@chase.com
	05/30/01 11:10 AM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: Re: Lunch

Hi Carol! Congratulations on the "new" baby (now probably all grownup),
enjoyed reading about him in your Christmas card. That week I'm out the
14th and 15th on vacation. Look forward to seeing everyone, M.

Carol.St.Clair@enron.com on 05/30/2001 10:52:58 AM

To:   Midge Hirsch/CHASE@CHASE, janet-greene@reliantenergy.com
cc:   pamela_ewen@bakerbotts.com
Subject:  Lunch

Midge and Janet:
We are trying to organize a lunch for the week of June 11th.  What days are
good for you?

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