yes

Robert Johnston
01/16/2001 08:35 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Scott Tholan/Corp/Enron@Enron
Subject: California Power 1/15/01

Jeff- I imagine you are following events in California with some degree of
closeness.  Do you want to be included on these daily updates?

RJ
---------------------- Forwarded by Robert Johnston/HOU/ECT on 01/16/2001
08:42 AM ---------------------------

Robert Johnston
01/15/2001 09:10 PM
To: Michelle D Cisneros/HOU/ECT@ECT
cc: Gary Hickerson/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Jaime Gualy/NA/Enron@Enron, John Greene/LON/ECT@ECT,
Jeff Kinneman/HOU/ECT@ECT, Kristin Walsh/HOU/ECT@ECT, Scott
Tholan/Corp/Enron@Enron
Subject: California Power 1/15/01

As talks continued toward the Tuesday deadline markets have been focused on
for the California electricity crisis, state officials around Governor Gray
Davis have
  toughened up their rhetoric on a couple of fronts even as they confirmed
they would be in the market as early as Tuesday taking bids for energy to be
paid by the
  State of California. One problem on that front is still how much producers
want to charge the state for electricity. As we reported last week, Davis and
his aides
  want to pay around $50 to $55 dollars per megawatt hour and suppliers want
about $75. Treasury Secretary Summers has suggested an auction as the best
way to
  determine the price, but California officials are taking a less free market
approach and still hope to set the price through negotiation over long-term
contracts.

Our sources in Washington, Sacramento, and California are increasingly of the
view that Governor Davis is positioning his government to establish long-term
power contracts with the generators that could be passed through to the
utilities following a bankruptcy in the near term.  This week's legislative
activities
in Sacramento will create the vehicle to do so.   State credit backing
purchases of power would obviate the need for super-priority borrowing to
finance power
purchases after utility bankruptcy.

1. Audit- Untangling Utility Relationships

California officials have also toughened their rhetoric on the debt repayment
front as they say results from a preliminary audit show that
half of the $9 to $12 billion  the utilities say they owe is actually owed to
themselves for power they bought from their corporate relations

This strange situation is due to the fact that one holding company owns both
the power-generating and power-distributing companies under a
holding company umbrella. Of course, that means that some of the power PG&E
and Southern California Edison bought at highly inflated prices
was bought from themselves.

  But it was not all bad news in the tense negotiations. Sources confirm that
Davis increasingly understood that the state finance role was a crucial part
of any
potential solution. He told our sources this afternoon that he is willing to
use state credit to eliminate the "risky debt" premium that PG&E
and SCE are being charged by suppliers because of their shaky finances and
that he is willing to extend the current 10% rate increase
 utility customers are paying far beyond the initial 90-day deadline. In
return he is demanding that the companies prepare to "share the
burden of debt reduction in return for state help and credit extension."

2. Debt Restructuring- Guarantees, but No Direct State Money

 Davis also told the videoconference that he believes the $12 billion in back
debt owed by the utility companies can be cleared up
during a 90-day forbearance period (whether that period has been agreed to by
all creditors is not something we are clear about right now). Davis' idea, as
he laid it out in the meeting, is to use the forbearance period to securitize
the debts and sell them against the utilities' forward rate base or by
establishing a
medium-term repayment plan backed by continued state guarantees.

 In both cases the restructured debt would be resolved over a decade without
direct use of taxpayer money as the utilities use their positive margins to
paydown their debt. One of the reasons Davis wants to stay close to the
$50-$55 megawatt charge is that it maximizes the rate at which utilities can
pay
down this debt. There is a strong chance that Davis will agree to use state
guarantees to sweeten the pot at the end of these negotiations, but he remains
opposed to using direct state money. This frustrates both Clinton
administration and utility creditors, but Davis has not yet shown much
flexibility.

3. Eminent Domain/Reregulation

  Perhaps most frustrating to the Washington DC free market crowd at Treasury
and the White House was the continued comfort Davis and his group of political
  advisers have with "non-market" solutions to the energy crisis. Although
the Governor's aides actually believe the weapon is more a "way to force
eventual
  agreement, than an actual solution," the talk returns frequently to these
non-market mechanisms. "We have the ultimate weapon to enforce compliance by
the
  Tuesday deadline. If we make no progress. If this thing looks like it will
turn into a genuine crisis, then we will use our powers of condemnation and
we will re-take
  the plants and equipment and run them ourselves," a close political aide to
Davis said. "We will absorb the plants, the transmission lines and the
reserved parking
  places of the executives. The legislature would agree in a second."


---------------------- Forwarded by Gerald Nemec/HOU/ECT on 01/10/2000 03:01
PM ---------------------------

	From:  Mary Jo Johnson                           01/10/2000 02:02 PM

To: Gerald Nemec
cc:
Subject: 3-11 Contract Notice Info., TNCT #1 and Cross MEdia #1, LaGrange
Prospect, Gillock Project, Galveston County, Texas

---------------------- Forwarded by Mary Jo Johnson/HOU/ECT on 01/10/2000
02:01 PM ---------------------------

Linda Schibi <Schibi@esenjay.com> on 01/10/2000 11:51:46 AM
To: Mary Jo Johnson/HOU/ECT@ECT
cc:
Subject: 3-11 Contract Notice Info., TNCT #1 and Cross MEdia #1, LaGrange
Prospect, Gillock Project, Galveston County, Texas

Mary Jo,

Below is the notice information you requested:

ADDRESS:

ESENJAY EXPLORATION, INC.
500 North Water Street
Suite 1100 South
Corpus Christi, Texas  78471

CONTACT:

Linda D. Schibi
Vice Vice President Marketing

PHONE:

Office: (361) 883-7364 ext:  267
Home: (361) 850-8403
Mobile:(361) 815-9510

FAX:

(361) 884-5420

TAX ID NO.:

73-1421000

INCORPORATED:

Delaware

Let me know if you need anything else.

Thanks,

Linda


WHAT'S UP,  E-MAIL ME YOUR PHONE #


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 03/19/2001 08:30 PM -----

	andy brown <andybrwn@earthlink.net>
	03/19/2001 07:36 PM
	Please respond to abb; Please respond to andybrwn

		 To: Katie Kaplan <kaplan@iepa.com>
		 cc: "'Alex Sugaoka (E-mail)'" <alex.sugaoka@uaecorp.com>, "'Bill Carlson
(E-mail)'" <william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Escalante (E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Gates (E-mail)'"
<bob.gates@enron.com>, "'Carolyn A Baker (E-mail)'"
<cabaker@duke-energy.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'David Parquet'"
<david.parquet@enron.com>, "'Dean Gosselin (E-mail)'"
<dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Douglas Kerner (E-mail)'" <dkk@eslawfirm.com>,
"'Duane Nelsen (E-mail)'" <dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'"
<ed.tomeo@uaecorp.com>, "'Eileen Koch (E-mail)'" <eileenk@calpine.com>,
"'Eric Eisenman (E-mail)'" <eric.eisenman@gen.pge.com>, "'Frank DeRosa
(E-mail)'" <frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Greg Blue (E-mail)'"
<gtbl@dynegy.com>, "'Hap Boyd (E-mail)'" <Hap_Boyd@enron.com>, "'Hawks Jack
(E-mail)'" <jack.hawks@gen.pge.com>, "'Jack Pigott (E-mail)'"
<jackp@calpine.com>, "'Jim Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe
Greco (E-mail)'" <jgreco@caithnessenergy.com>, "'Joe Ronan (E-mail)'"
<joer@calpine.com>, "'John Stout (E-mail)'" <john_h_stout@reliantenergy.com>,
"'Jonathan Weisgall (E-mail)'" <jweisgall@aol.com>, "'Kate Castillo
(E-mail)'" <CCastillo@riobravo-gm.com>, "'Kelly Lloyd (E-mail)'"
<kellyl@enxco.com>, "'Ken Hoffman (E-mail)'" <khoffman@caithnessenergy.com>,
"'Kent Fickett (E-mail)'" <kfickett@usgen.com>, "'Kent Palmerton'"
<kent.palmerton@williams.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Roger Pelote (E-mail)'"
<roger.pelote@williams.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Stephanie Newell (E-mail)'" <stephanie-newell@reliantenergy.com>, "'Steve
Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Susan J Mara (E-mail)'" <smara@enron.com>, "'Tony
Wetzel (E-mail)'" <twetzel@thermoecotek.com>, "'William Hall (E-mail)'"
<wfhall2@duke-energy.com>, "'Alex Makler (E-mail)'" <alexm@calpine.com>, "Bob
Szymanski (E-mail)" <rjszymanski@powerworksinc.com>, "'D. Frank (E-mail)'"
<dfrank@seawestwindpower.com>, "'David Dickey (E-mail)'"
<david.dickey@calenergy.com>, "'Doug Levitt (E-mail)'" <SDL@calwind.com>,
"'Ed Maddox (E-mail)'" <emaddox@seawestwindpower.com>, "'Eric Edstrom'"
<edstrome@epenergy.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Julie Simon (E-mail)'" <jsimon@epsa.org>,
"'Lucian Fox (E-mail)'" <lucian_fox@ogden-energy.com>, "'Mark J. Smith'"
<mark_J_smith@fpl.com>, "'Milton Schultz (E-mail)'" <bfpjv@c-zone.net>, "'Nam
Nguyen'" <nam.nguyen@powersrc.com>, "'Paul Wood (E-mail)'"
<paul_wood@ogden-energy.com>, "'Pete Levitt (E-mail)'" <Pete@calwind.com>,
"'Rich Dyer (E-mail)'" <rich_dyer@ogden-energy.com>, "'Robert Frees
(E-mail)'" <freesrj@apci.com>, "'Scott Harlan'" <harlans@epenergy.com>, "'Ted
Cortopassi (E-mail)'" <ted_cortopassi@ogden-energy.com>, "'Thomas Heller
(E-mail)'" <hellertj@apci.com>, "'Tom Hartman'" <tom_hartman@fpl.com>, "'Ward
Scobee (E-mail)'" <wscobee@caithnessenergy.com>, "Carol H Hudson (E-mail)"
<Chudson@iepa.com>, "Steven Kelly (E-mail)" <steven@iepa.com>, "Andy Brown
(E-mail)" <ABB@eslawfirm.com>, "Bob Weisenmiller (E-mail)"
<rbw@mrwassoc.com>, "Jan Smutny-Jones (E-mail)" <smutny@iepa.com>,
jmpa@dynegy.com, runwithmee@aol.com
		 Subject: IEP FERC/ISO: Draft IEP FERC Cmts on Staff Report

Attached in Word format are the draft IEP comments, due to be filed on the
22nd, regarding the FERC Staff Report on market monitoring and market power
mitigation.  This is my suggested approach, which is obviously subject to
change per our discussion during the call tomorrow.

I would like to highlight that the draft characterizes the approach as a
"circuit breaker" during periods of highest demand and suggests that this is
distinct from notions of market power abuse.  Other entities are arguing that
during the highest demand, when it exceeds available supplies, all suppliers
have and are "exercising" (as distinct from abusing?) market power.  The
draft attempts to highlight the current regional supply context characterized
by the drought as a rationale for the "emergency circuit breaker."

As mentioned in Katie Kaplan's email this morning, if your company has a
draft of comments, we would appreciate an opportunity to look at them to
avoid substantive conflicts.

I trust this is the right distribution list but I was not able to use the
list from this morning's email because of computer problems at my end.  ABB

--
Andrew Brown
Sacramento, CA
abb@eslawfirm.com

 - DRAFT_010318_el00-95-012_IEP_Cmts_Staff_Rpt.doc


What is your issue sir?
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Dear Energy Researchers:

Richard Green and I are editing a special issue of the Journal of Industry,
Competition and Trade on recent experience with energy markets in
California.  If you have something you would like to contribute, please see
the call for papers below.

Sincerely,

Carl Blumstein
Energy Policy Analyst
UC Energy Institute

___________________________________________________

Call for Papers on the California Energy Crisis

The Journal of Industry, Competition and Trade
(http://www.wkap.nl/journalhome.htm/1566-1679) will be publishing a special
issue on the California Energy Crisis. We are seeking papers on any aspect
of the crisis, but particularly papers that seek to bring out the policy
lessons, or the implications for other countries engaged in electricity
restructuring.  The journal aims to bridge the gaps between theory and
empirical analysis, and between academic and policy-oriented economists in
the field of microeconomic policy.

Papers should be between 10 and 20 sides of double-spaced A4 paper.  Please
send an outline of one or two pages by September 30th to:

r.j.green@hull.ac.uk
blumstei@socrates.berkeley.edu
andre.sapir@cec.eu.int
Karl.Aiginger@wifo.ac.at

Carl Blumstein and Richard Green are editors for the special issue; Karl
Aiginger and Andre Sapir are the editors of the journal

Conditional acceptances will be based upon these outlines. Full papers will
be required by December 15, and final versions (after receiving referees'
comments) by February 28th, 2002.

Professor Richard Green
Department of Economics
University of Hull
Hull HU6 7RX    UK
R.J.Green@hull.ac.uk
Tel: +44 1482 465720
Fax: +44 1482 466216

Carl Blumstein
University of California Energy Institute
2539 Channing Way
Berkeley, CA 94720-5180
blumstei@socrates.berkeley.edu
Tel: +1 510 643-0505
Fax: +1 510 643-5180


Here is what you requested.

Bianca

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Monday, November 26, 2001 3:34 PM
To:	Ornelas, Bianca
Cc:	Breslau, Craig; Williams, Jason R (Credit)
Subject:	PCS Nitorgen Fertilizer LP ("PCS")

Bianca,

Please forward a list of the current financial trades on the books between ENA and PCS.

Legal has been asked to prepare an Assignment of all PCS trades, so I must know the Deal Nos. in order to correctly capture all trades.

Thanks.

Regards,
Susan S. Bailey
Senior Legal Specialist
Enron Wholesale Services
Legal Department
1400 Smith Street, Suite 3803A
Houston, Texas 77002
phone: (713) 853-4737
fax: (713) 646-3490
email: susan.bailey@ enron.com


PAT YOU BETTER BACK OFF A SECOND.  YOU SHOULD BE ASKING NICELY IF YOU CAN COME VISIT.  TALK TO HAND!!!!

 -----Original Message-----
From: 	"Sandra Hernandez" <sandra.hernandez@crescentcom.com>@ENRON [mailto:IMCEANOTES-+22Sandra+20Hernandez+22+20+3Csandra+2Ehernandez+40crescentcom+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, September 06, 2001 10:14 AM
To:	Hernandez, Juan
Subject:	visit

is mommy in houston. i'm thinking about visiting her. what's the deal?


Good to hear from you.  Man I guess I'm just falling apart, physically and
mentally.  Can't invest worth a crap either.  I'm going to start burying my
money in a tin can somewhere.  I also keep thinking about buying a place
and/or a new car.  But then I look at my $20.00 utility bill - thats a hard
thing to ingnore.

Someones waiting for me here.  Chat with you later.


Catch me in Jolly's office if you need me.  505-260-4003

I would suggest and internal call without Griffith/Citizens to insure we are all on the same page.

Darryl Schoolcraft
Kim Watson
Gary Choquette
Mark McConnel
Scott Hill
Russ Ulibarri
Sarabeth Smith
David Roensch
Rich Jolly

---------------------- Forwarded by David Roensch/ET&S/Enron on 12/13/2001 09:13 AM ---------------------------

David Roensch
12/13/2001 07:52 AM
To:	Darrell Schoolcraft/ET&S/Enron@Enron
cc:	Rich Jolly/ET&S/Enron@Enron, Kimberly Watson/ENRON@enronXgate

Subject:	Griffith Interconnect Pressure

I'm going to try and clear this up:

Robert Francen (928-226-2219) with Citizens called about the Griffith interconnect a couple of weeks ago.  He made a request that we configure our flow control valve with a pressure control over-ride and reduce the supply pressure to the Citizens station supplying the Griffith power plant.  Although I know the RTU has this capability, I told Robert that I would have to check with our Tech folks to see if we had this capability.  My concern was that by lowering our supply pressure to Citizens it would make it easier to switch or split flows to the power plant with El Paso.  El Paso's supply pressure runs a couple of hundred pounds lower than TW's in this area and they cannot get in to Citizens with incurring huge swings at Citizens and shutting TW in currently.  So, simply stated, I did not want to proceed without direction from Marketing or Gas Control.  If I remember correctly when I called and discussed this issue with you a couple of weeks ago, we were in agreement not do reduce the pressure supply to Griffith but, you were going to communicate this with them.  I am still getting calls from Robert and I'm not sure how to handle his request at this point.

Please do not confuse this issue with the Batching valve that is currently out of service.  Also, do not confuse with Choquettes request to provide pressure over-ride at this point as that can be done to provide steady state pressure with a flow control over-ride without reducing supply pressure dramatically to this interconnect point.  (However, there is the concern that if we install pressure control with a flow control over-ride that we put ourselves in the position of reducing this supply pressure over time and then getting into competing issues with El Paso.

I do not care how we configure this point.  However, again it could have implications for marketing and gas control so, I prefer that you all make that call.


Per our phone converstion,  during the last couple of days I have been
floating the US Gas West products and sorting by deal type.  However, I am
getting products that are not west products .  For example, under "deal
type-west basis", the following non-west products are appearing:  GD/D
TrLA-Hub (nov 8-30); GD/D NGPL-Hu for No 8-30; and GD/D ANRLA-HUB (Nov 8-30),
I


I wanted to make sure everyone was aware of the changes that we have had so far to the available short-term sustainable/daily capacity approvals/postings.  The attached file shows the points that have been approved as potential points for short term sustainable and/or daily capacity.  We currently have 20,000 MMBtu/day posted as available short term sustainable capacity for the month of November for Ventura and Demarc as receipts.  We also have 3,600 MMBtu/day posted as available short term sustainable capacity for the month of November for East leg deliveries.  Daily we may/may not have available 5,000 East Leg delivery capacity and 20,000 Carlton delivery capacity.

Several of the points that have been approved for sale of short term capacity if it becomes available currently show no available firm capacity for the rest of November.  These points include:  TBPL/Beatrice, Pony Express, and Mullinville as receipts and Keystone as a delivery.  If gas control and planning determine we can support additional receipts/deliveries at these points, the available capacity postings could change.

If you have questions or would like to know where the postings are located on our website, let me know.  Also, please forward this on to other members of your team that I haven't included above.  Thanks.

Ranelle


FYI - Here is the latest on the Plan meetings with Lay/Whalley/etc.

 -----Original Message-----
From: 	Westbrook, Sharron
Sent:	Tuesday, October 23, 2001 8:54 AM
To:	Schwarzbach, Stephen
Subject:	FW: Budget Meeting Schedule Changes

The North American Budget Meeting will change again.  Whalley will be traveling back from Europe on Thursday.

 -----Original Message-----
From: 	Westbrook, Sharron
Sent:	Monday, October 22, 2001 4:50 PM
To:	Adams, Jennifer; Blackwood, Connie; Bryan, Jennifer; Burns, Jennifer; Campos, Kathy; Chapman, Kay; Costello, Lisa; Daw, Nicki; Ferrari, Kerry; Fleming, Rosalee; Ford, Sue; Hillis, Kimberly; Marshall, Lucy; Phillips, Cathy; Reyes, Sonnia; Schiller, Marsha; Schoppe, Tammie; Spiller, Tina; Stark, Cindy; Valdez, Christina; Villanueva, Chantelle; Weldon, Kim; Gray, Dortha; Myer, Karen; Taylor, Liz; Lindsey, Mark E.; Butts, Bob; Brooks, Loretta; Dauterive, Inez; Tijerina, Shirley
Cc:	Lavorato, John; Kitchen, Louise; Colwell, Wes; McMahon, Jeffrey; Bowen Jr., Raymond
Subject:	Budget Meeting Schedule Changes

	The following are changes to the Budget Meeting Schedule.

Oct. 29	2:00 - 4:00	Europe   (8:00 - 10:00 Houston time)
Nov   1  2:30 - 3:30  	North America  (This time is tenative)
Nov  5	8:30 - 9:30	Industrial Markets
Nov. 5	9:30 - 10:30	Global Markets
Nov. 5  	1:00 - 3:00	EBS/Other Wholesale
Nov. 5	3:00 - 5:00	Energy Services
Nov. 8	1:00 - 5:00	EGAS


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/06/2000
10:17 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/06/2000 10:16:58 AM
To: <Ami.Chokshi@enron.com>, <Sabra.l.dinari@enron.com>
cc:

Subject: WC 534 Revision Effective 6/7/00 (Stingray P/L)

Please see the attached change to West Cameron 534 to be effective 6/7/00.

Thanks,
Steve

 - WC534reveff060700.xls


FYI Energy Committee Members:

PG&E is hosting its fifth stakeholders meeting for the 2001 PG&E
Transmission Expansion Plan on September 17 and 18, 2001 in San Francisco,
CA.  The purpose of this meeting is to present the study group with the
draft 2001 expansion plan.  The fifth stakeholder meeting has been divided
into two days:  Sept. 17 to present Bay Area Plans and Sept 18 to present
non-Bay Area Plans.

Date:        Monday , Sept 17, 2001
Subject:    Stakeholders Meeting #5 - "PG&E 2001 Electric Grid Expansion
Plan - Bay Area Plans"
Time:        10:00 a.m. to 4:00 p.m.
Location:   77 Beale Street, Conference Room 308
                 San Francisco, CA   94177

Date:        Monday , Sept 18, 2001
Subject:    Stakeholders Meeting #5 - "PG&E 2001 Electric Grid Expansion
Plan - Non-Bay Area Plans"
Time:        10:00 a.m. to 4:00 p.m.
Location:   77 Beale Street, Conference Room 308
                 San Francisco, CA   94177

In order to ensure enough handouts please email or call your RSVP to Ledy
Torres (dst2@pge.com or  415-973-1392) by Monday, September 10, 2001.  If
you have any additional questions about this meeting, please contact Mark
Esguerra (pme8@pge.com or 415-973-4380).  An agenda and handouts will be
sent out soon.

Regards,
Mark Esguerra
PG&E-Electric Transmission Planning
Mail Code N3B
P.O. Box 770000
San Francisco, CA  94177

Email:   pme8@pge.com
Phone:   415-973-4380


I don't know a thing, but I think Mr. Goodell is an expert.

---------------------- Forwarded by Chris Germany/HOU/ECT on 04/19/2000 08:22
AM ---------------------------

Brenda H Fletcher
04/18/2000 12:45 PM
To: Chris Germany/HOU/ECT@ECT
cc: Jeanne Wukasch/Corp/Enron@ENRON
Subject: New Rate Zone - SeaCrest Company, LLC (SEAC)

Do you know anything about this new pipe?

BF
---------------------- Forwarded by Brenda H Fletcher/HOU/ECT on 04/18/2000
12:43 PM ---------------------------

Faye Ellis
04/18/2000 11:24 AM
To: Brenda H Fletcher/HOU/ECT@ECT
cc: Sylvia A Campos/HOU/ECT@ECT, Marlene Hilliard/HOU/ECT@ect
Subject: New Rate Zone - SeaCrest Company, LLC (SEAC)

Brenda,

I have set up a new intrastate pipe (SeaCreast Company,LLC (SEAC)).  I can
add a rate zone to match the pipe code.

Pipe Code: SEAC
Rate Zone: SEAC

Please notify me otherwise.

Thanks,
Faye


forestweb.com
SAN FRANCISCO, July 17, 2001 (Forestweb) - International Paper Co. (IP) took 80,000 tonnes of market pulp downtime in the second quarter and is likely to take the same amount in both the third and fourth quarters, the company said today.
IP executive vice president and chief financial officer John Faraci made the comments in the company's conference call today, in connection with the release of second quarter results showing a $313 million net loss.
An IP spokesman said there were no further details.
The second-half plan would be about the same rate of market downtime the company has taken since the beginning of the year.
Last month an informed source said that from January through April, the company had taken 130,000 tonnes of total pulp downtime, including 25,000 tonnes for maintenance.
That would average 26,250 tonnes per month of market-related downtime for the first four months of the year, about the same as the 26,700 tonnes per month average for 80,000 tonnes per quarter.
"IP is doing what it needs to do, with prices what they are," said a Canadian pulp and paper industry consultant who heard the conference call.


Just on the off chance you haven't had enough regarding EnronOnline to think
about recently, Louise has announced meetings on Thursday and Friday of this
week to discuss "Phase II" of the project.  It seems like an opportune time
to come up with our wish-list of possible changes to the site and the legal
structure.


Louise,

Three questions/issues which I'd appreciate your feedback on:

1) I am planning to arrange for a meeting with gas and power originators/traders tomorrow to let them know what we are planning with the top 50 customers (sending draft PA's) and enlist their support for calls where we can leverage their relationships with the customers.

2) After some more thought, I'm on the fence about sending out the PA's without names. The following occurs to me:
	- Sending them out on Tuesday is only three days before we know what the final name will be
	- Sending them out with the final name probably helps our credibility
	- The PA/ETA is a very simple form; customers probably don't require the extra three days to review them.
	- Following the public release of our new Buyers' identity with the first release of the PA helps build a bit more excitement than otherwise.

3) I understand you are objecting to the provision which would allow us to release a customers' name to another company. I don't think most customers would object to this and getting the provisions in up front gives us more flexibility later. Can we keep this in?

Thanks,

Dave


Sounds good to me.

Carol St Clair
01/05/2000 05:43 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: CLE Program

Mark:
I would like to attend a one day CLE Program on January 21st at the Hyatt
Regency called "Women in Law Conference - A New Century For Woman in Law".
It has been approved for 6.75 hours of CLE credit and costs $100.  Are you
okay with this?
Carol


Please respond to Marketplace Meditations            T O D A Y    G O D    I S    F I R S T
                  Marketplace Meditations
                       by Os Hillman

Being an Overcomer

I have told you these things, so that in Me you may have peace.
In this world you will have trouble. But take heart! I have
overcome the world.
- (John 16:33)

"Why does it seem that those involved in Christian enterprise
find the way so hard? It seems as though it is harder for those
who are committed Christians in business. Have you found this to
be true?" This was the comment from a business associate
recently. My answer was a definite yes. In fact, if you were not
a Christian and sought to do a similar business without regard to
maintaining a biblical philosophy, the way would be much smoother
sailing. It makes us think of the prophet who asked, "Why do the
wicked prosper?" (see Jer. 12:1)

It is a spiritual principle of which we speak. When the
Israelites crossed the Jordan before they entered the Promised
Land, they fought only two battles. Then after they entered the
Promised Land, they fought 39 battles. The way of the cross is
not paved with lilies; it is paved with grace. When we seek to
honor God in our business life, we will be met with opposition
from the spiritual forces of this world. This is why each of us
must commit ourselves to walking in the power of the Holy Spirit
and to be as gentle as doves but as wise as serpents.

Do not be surprised when you find the way harder as a believer
than when you were a non-believer. You now have more at stake
among the spiritual forces that desire you to be defeated and
ineffective.

Stand firm against the evil forces that desire to keep you from
walking in freedom in the Promised Land. Jesus is your victory
for every battle you will encounter. Call on His name.

-----------
This daily devotional is published and distributed by
Crosswalk.com.  It is written by Os Hillman, president of
Marketplace Leaders, located in Atlanta, GA.  His email address
is <os@marketplaceleaders.org>.  For more articles and books
by Os Hillman you may visit his web site at
http://www.marketplaceleaders.org.

Additional devotionals are available from Crosswalk.com:
<http://devotionals.crosswalk.com>
-----------
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go to http://religiontoday.crosswalk.com/CurrentFeatureStory/

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go to http://religiontoday.crosswalk.com/CurrentNewsSummary/

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____________________________________________________________


NewEnergy, Inc. has changed its name to AES NewEnergy, Inc.  This is a name
overlay in GCP.


Group-

I have spent the day working with Kathy at EPE to correct the models for last
week.  Every day from 17th through 20th (so far) has had formula errors.
There is absolutely no excuse for this.  Check the formulas to ensure they
are correct before emailing it to EPE every day.  It is an easy thing to fix
and failure to so makes us look bad.

Jesse


This provision is an election which we have added to the Schedule for
governmental entities.  I believe that it is intended to eliminate any
confusion that historically arose during the debate between "First Method"
(one-way payments) and "Second Method" (two-way payments) for Early
Termination purposes.  Although I can't find a good reason to continue to use
this provision with an ISDA (except that it emphasizes the point), I can
understand why we may have added it to a pre-ISDA agreement with a
governmental.  The only example that I could locate was our September 21,
1995 Master Agreement with Reedy Creek Improvement District.  For those of
you who have never seen this form, it was one of the two types of master
agreements developed by ECT before we became conversant with ISDA.  Because
these forms didn't contemplate municipal counterparties, we had to add many
of the ISDA U.S. Municipal Counterparty Schedule provisions.  The Part
5(b)(k) provision originally appeared in this early agreement.  It was
included in the "Event of Change" section [5F(4)] (which is tantamount to the
ISDA concept of "Illegality", a "Termination Event").  I think it was
probably included because in the ISDA, Second Method is the automatic payment
method if the parties fail to make a specific designation for Early
Termination purposes, but there isn't a comparable provision in the old ECT
form.


?????????????????

	Paul Kaufman@ECT
	03/23/2001 05:32 PM

		 To: Jeff Dasovich, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject:


Next Tuesday, December 19th, the 50th floor will be open to all employees for
the Annual Holiday Open House from 3:00pm until 5:00pm.  Similar to last
year, we will provide food, beverage and musical entertainment and will also
decorate eight executive offices to reflect the Festival of Lights.  Our goal
is to expose our employees to different celebrations around the world and
simultaneously demystify the 50th floor.

For your reference, the offices that will be decorated are listed below:
St. Lucia - Ken Lay
Kwaanza - Jeff Skilling
Los Posadas - Rob Walls
Chinese New Year - Cindy Olson
Hanukkah - Andy Fastow
Ramadan - Rick Buy
Devali - Rick Causey
Christmas - Jim Derrick

We would welcome Executive Committee members to volunteer to greet employees
in the 50th floor elevator lobby or serve punch.   Time slots are available
in 15-minute increments from 3:00pm to 5:00pm.  Please reply to this e-mail
if you would like to volunteer for this event and I will provide additional
information for your reference at that time.

This annual affair is an employee favorite and you may contact me with any
comments or questions.

Charla Reese
Manager, Community Relations
x35202


FYI

(p.s.  I told him Bill hates Kaiser and we can't trade under it)
----- Forwarded by Tana Jones/HOU/ECT on 11/01/2000 07:46 AM -----

	Craig Young
	11/01/2000 07:14 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Craig Young/NY/ECT@ECT, Justin Boyd/LON/ECT@ECT, David P
Tregar/EU/Enron@Enron, Marcelo Parra/NYC/MGUSA@MGUSA,
tj.pimpinelli@mglondon.com, Tana Jones/HOU/ECT@ECT, Eric Gadd/LON/ECT@ECT
		 Subject: Re: ISDA

Mark --- Tana was very helpful. Thank you for your help moving this issue
forwards.

We could use the following executed agreements:

Bethlehem  Steel
Kaiser
Alcoa
Tudor
U.S. Steel
Several Banks

You have about a dozen working agreements

Gen Electric/Honeywell/Allied Signal
Anheuser Busch
Bonneville
Emerson Electric
Falconbridge
Ford
Harvard
Hydro Quebec
LTV
Moore Capital
OK Tedi
Ormet
Phelps Dodge
Alcan
Trafigura

We can bring the following:

Catequil --- Fund/Old Tiger Team
Grupo Mexico/Southern Peru
Gen Motors
Vanalco
Coke
Pepsi
Ball
Crown Cork
Arco/BP
American National Can
BHP
Caxton-- Fund
Campbell -- Fund
Noranda
Perelli
Femsa -- Mexico
Commonwealth
Aluar
Michigan Ave Partners
Century Alum
Toyota
Southwire
Wabash

Justin ---- could you update us on legal structure, tax and regulation

Craig Young

From: Mark Taylor on 10/31/2000 06:30 PM
To: Craig Young/NY/ECT@ECT
cc:
Subject: Re: ISDA

Craig:

Sorry I couldn't get back to you earlier.  I  asked Tana Jones to get you
access to our database that keeps track of financial master agreement
negotiations so you will always be up to date on where we stand with the
process.  If you haven't heard from her, please let me know.  Any word from
Justin on which Enron entity we will use for trading in the U.S.?

Mark

	Craig Young
	10/31/2000 10:09 AM

		 To: Mark Taylor/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT
		 cc: Craig Young/NY/ECT@ECT
		 Subject: ISDA

As a start could you advise if we have an ISDA with the following firms

Coke
Pepsi
Anheuser Busch
Gen Motors
Ford
Mercedes Benz
Steel Companies
Metal Companies
Container Companies
Hedgd Funds
Emerson Electric
Hydro Quebec
Bonneville

Do we have a clearing house for global ISDA agreements?

Craig Young
212-715-2342


Kay:

Attached for your review is the current draft of the Ft. Pierce term sheet on
the 5 year toll.  There is still some fine tuning to be done on the
language.  I will send the Midway term sheet under a separate email.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 05/02/2001 08:54 AM
---------------------------

	Enron North America Corp.

	From:  Edith Cross                           04/30/2001 09:09 AM

To: Fred Mitro/HOU/ECT@ECT
cc: Nick Hiemstra/HOU/ECT@ECT
Subject: Ft. Pierce Term Sheet

Fred,

Here is the Ft. Pierce Term Sheet.  Obviously, I have copied Nick's so there
may be a few things I have missed.  The main section that I need to you to
focus on is the Operating Limitations and Energy Scheduling.  I haven't
changed these at all.  Nick is sending his version of the Midway term sheet.
We will get you updated prices soon.

E


Attached is a revised draft of your Employment Agreement.  Please feel free
to call me if you have any questions.


---------------------- Forwarded by Ray Alvarez/NA/Enron on 07/27/2001 04:00
PM ---------------------------

"Jackie Gallagher" <JGallagher@epsa.org> on 07/27/2001 02:49:31 PM
To: <acomnes@enron.com>, <bernadette.hawkins@enron.com>,
<carin.nersesian@enron.com>, <Christi.L.Nicolay@enron.com>,
<donna.fulton@enron.com>, <janelle.scheuer@enron.com>, <jhartso@enron.com>,
<john.shelk@enron.com>, <jsteffe@enron.com>, <Linda.J.Noske@enron.com>,
<linda.robertson@enron.com>, <Ray.Alvarez@enron.com>,
<richard.shapiro@enron.com>, <sarah.novosel@enron.com>, <SScott3@enron.com>,
<Susan.J.Mara@enron.com>, <tom.hoatson@enron.com>
cc:

Subject: Aug. 1 Prehearing Conference Set for NW Refund Issues

Order attached.

 - NWCONF.DOC


Hey there.  I was on vacation on the 9th.  I guess its ok to send out the invoice now.

Darla Saucier@ENRON
04/09/2001 03:15 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	New Power

Please let me know when this invoice is good to go.  I need to send it out by tomorrow (04/10) at the latest.

Thanks!


Mr. May:
I am working with Lisa Mellencamp on this matter and I just wanted to let you
know that we will be sending you sometime tomorrow a completed draft of the
amendment to the financial derivative and physical agreements that we want
the Court to approve.  The purpose of the amendment is to expand our setoff
rights and to add additional events of default/termination events that relate
to events that may occur during the bankruptcy proceeding.  We will be out of
the office the rest of the week at our legal conference but you can leave me
or Lisa a voice mail message with any comments or questions that you may
have.  My number is 713-853-3989.
  Enclosed is a preliminary draft that just deals with the financial
derivative agreement.  Another lawyer in our group is handling the physical
agreement amendments.

Carol St. Clair


Jeff- I am releasing the Boston Capacity on Algonquin to Energy Express as we
speak.  However, they are not a viable entity on CNG.  Can you provide the
following information on Energy Express?

Name
Phone
Fax
Legal Entity by Pipe

Thanks,
Scott

jporte1@columbiaenergygroup.com on 05/24/2000 02:55:37 PM
To: " - *Scott.Goodell@enron.com" <Scott.Goodell@enron.com>, " -
*Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc: " - *Cross, Jason" <BLOCK@columbiaenergygroup.com>, " - *Dalphon,
Charles" <cdalpho@columbiaenergygroup.com>

Subject: C&I Capacity

It's possible BUG, ConEd and Lilco may release capacity to you for June. If so
let me know. Please release Boston gas capacity to "Energy Express" and let me
know the contracts/packages. thanks


These are the people to whom Western Power Trading Forum is contributing
funds for a paper on the electricity crisis.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854

	Jeff Dasovich
	Sent by: Jeff Dasovich
	07/31/2001 09:33 AM

		 To: skean@enron.com, Richard Shapiro/Enron@EnronXGate, James D
Steffes/Enron@EnronXGate, Karen Denne/Enron@EnronXGate, mpalmer@enron.com,
Susan J Mara/NA/Enron@ENRON, Paul Kaufman/Enron@EnronXGate, Harry
Kingerski/Enron@EnronXGate, Linda Robertson/NA/Enron@ENRON, Susan M
Landwehr/Enron@EnronXGate, Janel Guerrero/Enron@EnronXGate
		 cc:
		 Subject: Gouger Gray Davis :
California's petulant governor ignores reality as he overpays for electricity

Gouger Gray Davis
California's petulant governor ignores reality as he overpays for electricity

LANCE T. IZUMI Mr. Izumi is a senior fellow in California Studies at the San
Francisco- based Pacific Research Institute.
On the surface, things seem to be going pretty good for Gov. Gray Davis with
regard to California's electricity crisis. The governor has scored some nice
publicity by switching on some new power plants. The weather has been
unseasonably cool. His poll numbers are edging back up. Yet beneath this
optimistic picture lie troubling problems. For example, Davis's argument that
out-of-state power generators are responsible for the electricity crisis has
been falling apart. For months, Davis has been claiming that private
generators have overcharged California by $8.9 billion and demanded that this
amount be refunded to the state. However, after a two-week mediation between
state officials and the generators, Curtis Wagner, the federal government's
chief energy regulatory judge, rebuked Davis's claim saying that such a huge
overcharge "has not and cannot be substantiated." Further, while the
generators may be liable to refund a much smaller amount to the state,
perhaps $1 billion, Wagner said that generators are owed more money by the
state than they owe the state in refunds: "Can a cash refund be required
where a much larger amount is due the seller? The chief judge thinks not."
Davis reacted to the judge's ruling by calling it a "raw deal" and by urging
the Federal Energy Regulatory Commission to ignore the lack of evidence and
the judge's conclusions and to "step up and provide the refunds we've asked
for." Davis's position, as usual, is motivated purely by politics. Indeed,
Dan Walters of the Sacramento Bee says that Davis is operating in a
"melodramatic virtual world" de-linked from reality.
Davis's blame-the-generators argument took another body blow when newly
released documents showed that, on average, major out-of-state power
companies such as Enron, Duke, Dynergy and Mirant charged less than the
average prices paid by the state during the first three months of the year.
California government utilities, on the other hand, such as the Los Angeles
Department of Water and Power and the Sacramento Municipal Utility District
(SMUD), charged the state much more for electricity than the out-of-state
generators. For example, while Texas-based Enron, a favorite Davis whipping
boy, charged an average $181 per megawatt hour, SMUD charged an average $330
per megawatt hour.
Davis responded to this revelation in typical political fashion. A Davis
spokesman said that the governor had expressed his anger at "the generators
who wear cowboy hats" and that "just because there are other entities that
are charging us more doesn't change the fact that we are getting ripped off
by companies from Houston, Tulsa, Atlanta or Charlotte."
Yet, for all Davis' feigned indignation about consumers being ripped off, it
turns out that he and his regulators are poised to ensure that business
consumers are ripped off by state government. Davis has signed $43 billion in
ill-advised long-term purchase contracts at rates above-market-price. The
state must, therefore, ensure that enough business customers remain in the
current state-controlled distribution system to pay for high-priced state
power purchases. This is especially important to Davis since the high prices
are borne disproportionately by business. Thus, Davis' regulators are set to
eliminate "direct access," which allows businesses to shop for cheaper power.
Who's the real gouger? No matter how much Davis points the finger,
Californians are paying dearly for his political opportunism and bad
policies.


Lease Nazi reported to me last night  that the location of the event
would be Goode Co. Seafood on I 10. What's really going on? Doesnt
matter, cause couldnt get a babysitter.

OINK
BTW...did I tell ya'll that I shot an 80 at River Ridge...best I've
played since high school.

-----Original Message-----
From: Fenner, Chet [mailto:Chet_Fenner@bmc.com]
Sent: Tuesday, June 05, 2001 4:05 PM
To: Erik Wollam (E-mail); Sheila Wollam (E-mail); Joe Parks (E-mail);
Kim Parks (E-mail); Brad Corrier (E-mail); Corrier, Tracy; Brian
Constantine; Molly Fenner (E-mail); Chad Knipe (E-mail); Stormy Hayes
Knipe (E-mail)
Subject: Dinner

We are meeting tomorrow night (Wed. June 6th) at Carrabbas on I-10.  Let
me
know if you and yours will be attending.  I'm thinking big-ass juicy
pork
chunk.


fyi 2
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 11/13/2000
04:46 PM ---------------------------

	Enron North America Corp.

	From:  Katherine Brown @ ENRON                           11/13/2000 03:43 PM

To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter/HOU/ECT@ECT, Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeremy Blachman/HOU/EES@EES, Philippe A Bibi/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON,
Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox/Enron
Communications@Enron Communications, David W Delainey/HOU/ECT@ECT, James
Derrick/Corp/Enron@ENRON, Steve Elliott/Enron Communications@Enron
Communications, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Ben F Glisan/HOU/ECT@ECT,
Kevin Hannon/Enron Communications@Enron Communications, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rod Hayslett/FGT/Enron@ENRON,
Stanley Horton/Corp/Enron@Enron, James A
Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron,
Louise Kitchen/HOU/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kenneth
Lay/Corp/Enron@ENRON, John J Lavorato/Corp/Enron@Enron, Dan Leff/HOU/EES@EES,
Danny McCarty/ET&S/Enron@Enron, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT@ECT,
Mark Metts/NA/Enron@Enron, Mark S Muller/HOU/EES@EES, Cindy
Olson/Corp/Enron@ENRON, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, Matthew Scrimshaw/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Jeffrey Sherrick/Corp/Enron@ENRON, John
Sherriff/LON/ECT@ECT, Jeff Skilling/Corp/Enron@ENRON, Marty
Sunde/HOU/EES@EES, Greg Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, G G
Garcia/NA/Enron@Enron, Marcia Manarin/SA/Enron@Enron, Susan
Skarness/HOU/ECT@ECT, Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Beena Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K
Heathman/HOU/ECT@ECT, Sharron Westbrook/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Molly Bobrow/NA/Enron@Enron, Rosane
Fabozzi/SA/Enron@Enron, Stephanie Harris/Corp/Enron@ENRON, Bridget
Maronge/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Inez Dauterive/HOU/ECT@ECT,
Carol Ann Brown/Enron Communications@Enron Communications, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cindy Stark/Corp/Enron@ENRON,
Mary E Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson/Corp/Enron@ENRON, Rosalee
Fleming/Corp/Enron@ENRON, Vanessa Groscrand/Corp/Enron@ENRON, Tori L
Wells/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Dolores
Fisher/NA/Enron@Enron, Karen Owens/HOU/EES@EES, Dorothy Dalton/Enron
Communications@Enron Communications, Mercedes Estrada/Enron
Communications@Enron Communications, Christina Grow/Corp/Enron@ENRON, Lauren
Urquhart/LON/ECT@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown/Corp/Enron@ENRON, Liz M Taylor/HOU/ECT@ECT, Judy G Smith/HOU/EES@EES,
Bobbie Power/Corp/Enron@ENRON, Suzanne Danz/Corp/Enron@ENRON, Peggy
McCurley/HOU/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Fiona Stewart/LON/ECT@ECT,
Jana L Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie Schoppe/HOU/ECT@ECT,
Kimberly Hillis/HOU/ECT@ect, Jennifer Burns/HOU/ECT@ECT, Sharon
Dick/HOU/EES@EES, Beverly Aden/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Kerry
Ferrari/LON/ECT@ECT, Carol Moffett/HOU/EES@EES, Jennifer Adams/Enron
Communications@Enron Communications, Leah Rijo/Enron Communications@Enron
Communications, Lucy Marshall/Enron Communications@Enron Communications,
Kathy Campos/GPGFIN/Enron@ENRON, Julie Armstrong/Corp/Enron@ENRON, Kathryn
Greer/HOU/EES@EES
cc:
Subject: LATEST VERSION - Executive Committee List


Thursday, April 26, 2001

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http://dps1.travelocity.com:80/fwemsub.ctl?Service=TRAVELOCITY

* RETRIEVE MY PASSWORD?

http://dps1.travelocity.com:80/lognpwdform.ctl?Service=TRAVELOCITY


If you have a complete list regarding the Enserch entities we wish to trade
with, I can run it by Enserch and check on the legal names.  I think it would
be helpful for our full distribution (Legal, Confirm and Others (settlements,
Global Contracts, misc), if you would distribute a full list of the Enserch
entities we wish to continue trading with and what business out of each
entity.  I think this will stop people coming back and asking again and
again.


Gentlemen,
Attached are the final drafts of the Letter Agreement and Escrow
Agreement. Please contact me if you have any questions or comments.
Regards,
Shemin
 <<Centana Letter Agreement.DOC>>  <<ESCROW AGREEMENT.DOC>>


I understand how things get taken out of context and I don't want us to
overreact. However, there are ways to head this kind of comment off before
it is raised. We developed some MESSAGES for Jeff to use in his travels. We
should try to put those back in front of him now and then reinforce those
in our follow-ups with the press after his interviews. I believe Kathy gave
a copy of these to Mark Palmer and Peggy Mahoney as well as the results of
the focus group research we did on the topic.


Hi Darren,

Did you successfully receive the information I sent to you.
I would appreciate a response so that I know your needs.

I am sure your schedule is as busy as mine and I am
committed to providing dedicated service to all my clients
and in return I request your loyalty.

Please direct your questions and concerns in my direction
and let me know in what areas you would like my assistance.

Please send me your reply so that I may better ascertain
your needs. Thank you.

IONA ALPHONSO

ALWAYS IN TUNE WITH YOUR NEEDS

Oh, by the way ...If you know of someone thinking about
buying or selling a home, please call me with their name and
number - Thanks a Million!!

Prudential, Gary Greene Realtors
3910 FM 1960 West, Suite 100
Houston, Texas 77068

Voice Mail: 281-857-2485 x 535
Pager:      281-551-6549
Office:     281-444-5140
Fax:        281-444-0630
Web Site:   http://www.ionaalphonso.com
Resume:     http://www.har.com/ionaalphonso
Gary Greene Web site: http://www.garygreene.com

PLEASE VIEW MY MONTHLY NEWSLETTER AT
http://homeownernews.com/c/ionaalphonso


disregard 584137, broker has on peak

---------------------- Forwarded by Kerri Thompson/Corp/Enron on 04/17/2001
04:38 PM ---------------------------

Kerri Thompson
04/17/2001 04:20 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

584137
broker has light load

584125
should be mirant

thanks


This deal discrepancy seems to have a few of us stumped - so I'm referring it
to all of you in hopes that we can solve this today. Following are the terms
of the deal:

Short Term California buys Enron Energy Services
Hours: HE 6-9
Delivery Point: SP-15
Term: 3/29/01
Price: $110

The deal was entered by Bert Meyers, a Real Time trader, on behalf of STCA.
It was extended for HE 9 through 22 at a price of $160. In the spreadsheet
Real Time sends to EES each day, it shows the deal as a sale at a price of
$130, not a buy at a price of $160.  My first instinct was to simply modify
the spreadsheet to match the deal in Enpower, but EES claims they see the
price coming across as $130. I'm reluctant to send any more incorrect
information to EES, as we've already dealt with enough confusion over this
matter. Please take a look at the deal and its corresponding documents, and
let me know which is the correct price.

Thanks for your help,
Kate


Hello

This E-Mail is a confirmation of purchase and shipping.

Product: nancy drew 54 hard cover books -new
Shipping date: Monday Oct 8, 2001
Shipping time: 1-2 weeks standard USPS surface mail

For other great deals on movies, movie sets, PC games and books
please visit www.innerhorizon.com

Thank You
web: www.innerhorizon.com


II have tried to approve this through the Data Manager - not sure if it
worked.

I know we must have been through this any number of times before but each
time I read one of these I wonder how we are supposed to figure out the
Notional Quantity.  It says "calculated from the volume submitted by
Counterparty on the website" but how do we know how to calculate it?  Where
does it say whether that number is a daily or monthly number?  Gallons or
Barrels?  I remain confused.

Dale Neuner on 01/25/2000 09:21:44 AM
To: Kevin Sweeney/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT, Bjorn
Hagelmann/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Patrick Markey/HOU/ECT@ECT
Subject: Re: Product Type Approval - Jet Kero Financial Swap

Thanks, Bjorn,

Please go into the DataManager and indicate your approval.

Kevin and Jeff;

please review and make the same indication.

To all: we are working on getting the e-mail notification repaired.

Dale
---------------------- Forwarded by Dale Neuner/HOU/ECT on 01/25/2000 09:16
AM ---------------------------

Bjorn Hagelmann
01/25/2000 01:49 AM
To: Dale Neuner/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Patrick Markey/HOU/ECT@ECT, Rudy
Dautel/HOU/ECT@ECT, Christian LeBroc/Corp/Enron@ENRON
Subject: Re: Product Type Approval - Jet Kero Financial Swap

Looks fine to me! It seems consistant with all the other things we trade in
the OTC postion of our book.

Regards

Bjorn H.

Dale Neuner on 01/24/2000 04:59:42 PM
To: Mark Taylor/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT
cc: Patrick Markey/HOU/ECT@ECT, Rudy Dautel/HOU/ECT@ECT
Subject: Product Type Approval - Jet Kero Financial Swap

Mark and Bjorn-

I've created a new Product Type - Jet Kero Financial Swap. The automatic
e-mail notification isn't working so I won't know if you go in and approve
the product. Please review the attached, as well as the below Long
Description, and offer you approval/comments. (You will find it in the
Partially Approved section - as credit has offered their sign-off). As you
could imagine trading is eager to get this out on the web.

Mark - Once the Product Type is approved we will build the complete product
and I'll send that to you for review.

"A US Jet Kerosene financial Swap Transaction with Enron North America Corp.
under which the Seller pays a
Floating Price and the Buyer pays the price submitted by Counterparty on the
website (the Fixed Price) in respect
of the Notional Quantity per Determination Period. The Notional Quantity per
Determination Period shall be
calculated from the volume submitted by Counterparty on the website. Each
calendar month during the term
of the Transaction will be a Determination Period. The Payment Date(s) will
be 5 business days after the
Floating Price is determinable.  The Floating Price shall be the Index for
the relevant Determination Period."


I have attached AS6.
 - As6.pdf

    Jonathan Leonard
    Professor

tel: 510-642-7048  545 Student Services Building, #1900
fax: 510-642-4700  Haas School of Business
    University of California
    Berkeley, CA.  94720-1900


Daren - thank you for the list of the true, remaining ENA sales customers.  I
have been researching your list & getting the contractual volumes that Brenda
needs.  I am confused about Praxair though.

The sales contract between ENA & Praxair was assigned to HPLC eff/ 10/1/99.
The only remaining contract between ENA & Praxair is a Master Financial
Agreement.

Does Praxair really need to remain under ENA or is it okay under HPLC?  If it
really needs to be under ENA, we will need to un-do the 10/1/99 assignment to
HPLC or set-up a new contract between ENA & Praxair.

Please advise.

Daren J Farmer
05/11/2000 03:11 PM
To: Cheryl Dudley/HOU/ECT@ECT
cc:
Subject: Re: ENA Sales on HPL

Cheryl,

The counterparties with which ENA currently sales gas are:

City of Brazoria
Central Illinois Light Company
D & H Gas Company, Inc.
Markham Gas
Merit Energy Partners
Praxair
Reliant Energy - Entex
Reliant Energy - HL&P
Southern Union Company
Texas Utilities Fuel Company (Now TXU Fuel Co)
Union Carbide Corporation
Unit Gas Transmission Company Inc

ENA has transacted with the other companies listed below, but that will most
likely not happen again.  (HPL will trade with those counterparties.)

All ENA trades on HPL will be in Sitara.  We have reports which can be
generated out of CPR that can list all deals by counterparty for ENA.  Let me
know if you need something like that.

Let me know if you have any other questions.

D

	Cheryl D King
	05/10/2000 08:42 AM

Sent by: Cheryl Dudley
To: Brenda F Herod/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
Subject: ENA Sales on HPL

Just to update you on this project's status:

Based on a new report that Scott Mills ran for me from Sitara, I have come up
with the following counterparties as the ones to which ENA is selling gas off
of HPL's pipe.

Altrade Transaction, L.L.C.   Gulf Gas Utilities Company
Brazoria, City of     Panther Pipeline, Inc.
Central Illinois Light Company   Praxair, Inc.
Central Power and Light Company  Reliant Energy - Entex
CES - Equistar Chemicals, LP   Reliant Energy - HL&P
Central Illinois Light Company  Southern Union Company
D & H Gas Company, Inc.   Texas Utilities Fuel Company
Duke Energy Field Services, Inc.  TXU Gas Distribution
Entex Gas Marketing Company   Union Carbide Corporation
Equistar Chemicals, LP    Unit Gas Transmission Company Inc.

Since I'm not sure exactly what gets entered into Sitara, Pat Clynes
suggested that I check with Daren Farmer to make sure that I'm not missing
something (which I did below).  While I am waiting for a response from him
and/or Mary Smith, I will begin gathering the contractual volumes under the
above contracts.

---------------------- Forwarded by Cheryl Dudley/HOU/ECT on 05/10/2000 07:56
AM ---------------------------

	Cheryl D King
	05/08/2000 04:11 PM

Sent by: Cheryl Dudley
To: Daren J Farmer/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT
cc:
Subject: ENA Sales on HPL

I am working on a project for Brenda Herod & was wondering if one of you
could tell me if I'm on the right track & if this will get everything for
which she is looking.

She is trying to draft a long-term transport/storage agreement between ENA &
HPLC which will allow ENA to move the gas to their markets.  In order to
accomplish this, she needs to know all of the Sales to customers that ENA is
doing off of HPL's pipe.

I had Scott Mills run a report from Sitara showing all ENA Buy/Sell Activity
on HPL since 7/99.  If I eliminate the Buys & the desk-to-desk deals, will
this give me everything that I need?

Are there buy/sell deals done with ENA on HPL's pipe that wouldn't show up in
Sitara?  Someone mentioned something about deals where HPL transports the gas
on it's own behalf then ENA sells it to a customer at that same spot  --
?????  Do deals like that happen? Would they show up in Sitara?

Is there anything else that I'm missing?  I'm not real familiar with how some
of these deals happen nowadays so am very receptive to any
ideas/suggestions/help that you can offer !!!

Thanks in advance.


Lindy Donoho (P# 505520) erroneously had 12/27-28 & 12/31 coded as vacation,
although she did not take them.

Therefore, please add 26 hours to her 2002 available vacation balance.

Let me know if you have any questions.

Thanks,
Tracy  :o)

 -----Original Message-----
From: 	Fagan, Fran
Sent:	Wednesday, February 20, 2002 12:41 PM
To:	Scott, Tracy
Cc:	Donoho, Lindy; Robertson, Audrey
Subject:	vacation correction

Please add 26 hours to Lindy Donoho, p505520 2002 vacation carryover.  26 hours were incorrectly coded last year as vacation, which was not taken.

Thanks in advance,

Fran Fagan
Sr. HR Rep
Enron Transportation Services
713.853.5219
fran.fagan@enron.com


George,

Wednesday,  1:00 works for me.

Vince

George Hopley
10/13/2000 11:28 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Meeting

It was good to speak with you the other day.
Let's tentatively meet next Wednesday at 1:00 pm.

Let me know if this works for you or if there is another
time that is convenient.

Thanks


Tonight's mmeting was quite lively and informative.  There is a lot going on
that affect Clear Creek Village.

Donald H. Olsen, Constable Precinct 8 visited out meeting tonight.  He
reminded us to close our garage doors and lock them, especially when we leave
during the day.  He also reminded us that school will be out soon and we all
need to watch the neighborhood.

City Council candidates Thomas Cones and Barbara Meeks were at tonight's
meeting and we would like to thank them for their time and interest in
meeting with the residents of Clear Creek Village.

 City council member Katie Benoit was also in attendance.  She spoke to us
about a possible $80,000 grant from the state that would pay for the 54 acres
along Clear Creek at the back of Clear Creek Village, that we call the land
at the end of Audubon and Williamsport.  It might be possible that this land
could be turned into a city park.  That could mean that the land would become
a wildlife area again rather than a development of homes.  Ms. Benoit asked
that we contact Rhonda Cyrus at the City of League City (281-332-3431) to
tell them about the wildlife in that area.  What roosts there?  What have you
not seen since the clearing?  Can you tell us about the birds and ducks that
are there in the winter?  They will be requesting that citizens submit
information until early June.  Did you realize that Clear Creek is on the top
ten list of endangered rivers in the US?  Do you have any comments or
concerns?  Let you CCV Board members know.  Be aware that this is an issue
that we need to consider carefully.

Remember, there is a CCISD meeting Tuesday night to consider your homestead
exemption.  CCV will have a group there to ask questions and give opinions.

There is a meeting on May 4 to consider the Corps of Engineers flood plans
for Clear Creek.  I will send you more on that later.

The ballots were counted and JoAnn Carter and Craig Weisiger were elected to
fill the unfilled Board positions.  Congratulations.  Thanks to all of you
who voted.

Mary G. Strickland


---------------------- Forwarded by Carla Hoffman/PDX/ECT on 11/28/2000 06:40
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     11/28/2000 06:22 AM

To: undisclosed-recipients:;
cc:
Subject: DJ FERC To Lower Price Cap In Calif Pwr Order-Commissioners

23:05 GMT November 27, 2000 =DJ FERC To Lower Price Cap In Calif Pwr
Order-Commissioners

   By JASON LEOPOLD
   Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--The Federal Energy Regulatory Commission will
likely lower its proposed $150 per megawatt-hour "soft cap" on California's
wholesale power prices to $100/MWh in its final order to repair the state's
troubled electricity market, commissioners said Monday.
But the commissioners told Dow Jones Newswires they won't order generators
to refund billions of dollars in windfall profits earned last summer as a
result of spiking power prices in the state, despite pleas from state
lawmakers and Gov. Gray Davis, because they lack the authority to do so.
"We still believe we cannot order refunds," one FERC commissioner said. "If
there was an inch in the (Federal Power Act) that gave us the authority, we
would take it. But that would destroy the future of deregulation."
FERC released a report earlier this month that largely pinned California's
ongoing power crisis on the structure of the state's wholesale electricity
markets. The commission also issued a proposed order requiring changes
needed to make the market workably competitive.
The order found that electricity prices in the state rose to "unjust and
unreasonable" levels last summer. But FERC fell short of ordering refunds,
saying it lacked the legal authority to do so.
Instead, FERC proposed changes to the governing boards of the state's two
wholesale-market operators - the Independent System Operator and Power
Exchange - said the state's three investor-owned utilities should no longer
be required to buy a majority of their power from the CalPX, and proposed
penalties for utilities that put off buying the power they need until the
last minute.
FERC also proposed capping the price paid to all bidders in California's
power auctions at $150/MWh. Individual bidders could still get higher
prices, but would have to justify their claims to FERC.
FERC may issue its final order as early as Dec. 13, and commissioners said
California shouldn't expect it to differ from the proposed changes
recommended by FERC earlier this month.
The comment period for FERC's draft order closed Nov. 22.
(MORE) Dow Jones Newswires 27-11-00
2305GMT
Final Order Won't Order Refunds
Davis warned FERC commissioners at a public hearing in San Diego two weeks
ago that a failure to order refunds would produce a "ratepayer revolt."
"Your proposed solution to our energy crisis does nothing to lower prices
for California consumers," the Democratic governor told FERC on Nov. 13 at a
meeting in San Diego. "Quite to the contrary, it is designed to bring our
economy and our consumers to their knees."
California's power regulators and utilities also pressed for refunds.
The state's Public Utilities Commission said it has evidence of market abuse
by generators and that consumers were overcharged $4 billion last summer for
electricity.
Edison International unit (EIX) Southern California Edison, in its response
to the FERC order, attached a study by a Massachusetts Institute of
Technology economist, who found "considerable evidence" generators and power
marketers deliberately withheld supply from California from June through
September - when power usage is at its peak - to drive up wholesale prices.
But despite the allegations, FERC commissioners said they will not order
refunds, though they said the state could legally return to cost-based
rates.
One commissioner also warned a lower "soft cap" of $100/MWh would likely
deter generators from building new power plants in the state, even as it
limited price spikes.
"The truth of the matter is there is no painless or easy way for California
to change its electricity market," the FERC commissioner said.

   Consumer Groups Push Ballot Measure To Re-regulate

Davis will file the changes the state wants made to the proposed order with
FERC on Friday, but FERC commissioners said they don't expect to be swayed
by the governor's filing.
Meanwhile, Californians are steaming ahead with their own solutions.
On Tuesday, the Foundation for Taxpayer and Consumer Rights, a Southern
California consumer advocacy group, will hold a news conference announcing
its own sweeping changes to the state's power market, which it will try to
implement through a proposed ballot measure, the details of which have not
been disclosed.
Furthermore, state lawmakers plan on rewriting parts of AB1890, California's
landmark restructuring law when the state Legislature convenes next year.
There is already heated debate within the Legislature to reauthorize
utilities to build power plants and to create a public utility system like
Nebraska's, where there are no investor-owned utilities, in an effort to
control power prices.
"California lawmakers want to be re-elected in 2002," one key lawmaker close
to the electricity issue said.
And Davis is in meetings to replace the Cal-ISO and CalPX with a new entity
to manage the power grid and the state's two wholesale power markets, said
Steve Maviglio, Davis' press secretary.
-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com
-0-
Last week, FERC received hundreds of pages of comments to its proposed order
for California's power market.
(MORE) Dow Jones Newswires 27-11-00
G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

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

 <<Pergher, Gunther.vcf>>
 - Pergher, Gunther.vcf


just wanted to say goodbye. i truly appreciate all you've done for me. you've
been a great manager. i hope you'll keep in touch and let me know if you are
ever in san francisco. good luck with whatever you decide to do.

take care,
ami


John,

Sounds interesting. I shall put July 27th on my calendar.

Vince

 -----Original Message-----
From: 	"John D. Martin" <J_Martin@baylor.edu>@ENRON [mailto:IMCEANOTES-+22John+20D+2E+20Martin+22+20+3CJ+5FMartin+40baylor+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Tuesday, May 15, 2001 4:19 PM
To:	Kaminski, Vince J
Subject:

Vince,

Great to talk with you this morning and hear that you are well (if not
connected).  Here's my suggestion for "setting my work platform on fire".
On July 27th I am teaching in the Dallas Executive MBA program.  John
McCormack (Stern-Stewart, NY) is going to come down to help out with the
class and I would like you to come as well.  If you would like to come in
on Thursday evening then you, John, and I can meet and work on a joint
project.  What I have in mind, generally, is delving more deeply into the
actual use of real options in creating synthetic multi-fuel power plants.
I have a paper that I assign the class which introduces real options as an
attribute of the physical power plant that can switch from oil to gas.
When I was writing our paper I read one of your papers that suggested the
use of energy swaps to accomplish the same end in a synthetic manner.  I
would like to "learn more" about how this might actually be done
(costs/benefits, etc) and write-up a case study surrounding a specific
application.  I know this is not rocket science to you but I believe there
is value in "translating practice and science to application in the form of
educational materials".  My standard of "what's valuable" relies on my own
ignorance here.  I figure that if I don't know it then there are a lot of
folks in the profession that might benefit from my learning.  Both you and
John are very knowledgeable here so I will again sit at the feet of the
masters.

That's the project, now let's talk about the class.  The idea of the class
is to let John do some Stern-Stewart stuff (performance measurement and
compensation) and let you talk about how Enron uses energy derivatives to
facilitate trade in the energy business.  I'm sure we will have had some
brownouts in California by the time of the class will be very interested in
the energy business and the way that Enron has redefined it.

Hope you can make it.

John

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


Janine --

The other thing that I am thinking is that we don't want to file anything at the FERC without a broad coalition.  At the right time (after we understand the facts and our desired outcomes), let's sit down and discuss how to approach FERC.  I think the timing is right to make a cogent, well-defined argument before FERC but we need to sell this to the FERC before the filing and we need to have Enron as a minor player in the fight.  The FERC is looking to help retail markets.

Jim

 -----Original Message-----
From: 	Migden, Janine
Sent:	Monday, August 20, 2001 8:55 AM
To:	Steffes, James D.
Cc:	Migden, Janine
Subject:	RE: ComEd Imbalance Issues

Jim, Let me look into this further.  My concern is that the imbalance provisions are something we may have agreed to in the settlements which would make us look bad should we file a complaint.  Jeff Merola has been working on how we can do physical delivery and how we can address this issue.  I know he thinks it is a roadblock, but not necessarily an insurmountable one.  On the other hand, this is another way to focus on the issue of wanting a PJM-type model and perhaps the next step would be to educate ICC Commissioners and Staff on the problem.  If we approcah it as a need for a PJM - type model, it should not antagonize our efforts of working with ComEd at the moment, since they have said they would like help moving in that direction.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, August 13, 2001 6:36 AM
To:	Migden, Janine; Lawrence, Linda L.
Subject:	ComEd Imbalance Issues

Linda --

Can you please pull a copy of the ComEd OATT that would include the calculation of "OPC" mentioned below?

Janine --

Doesn't it make sense that we are disadvantaged vis-a-vis their own transmission service and should talk to Donna Fulton about a complaint at FERC?

Jim

 -----Original Message-----
From: 	Migden, Janine
Sent:	Sunday, August 12, 2001 10:12 PM
To:	Steffes, James D.
Cc:	Migden, Janine
Subject:	FW: Imbalance Issues

Jim,
Per your request, below is an email from Chris Townsend explaining the imbalance program.  I plan to call him to get a better handle on the discount issue, but I think that it is useful that marketers can trade imbalances, but the benefit is premised on there being many suppliers.  More to follow when I return.
Janine

 -----Original Message-----
From: 	"Townsend, Christopher J. - CHI" <christopher.townsend@piperrudnick.com>@ENRON [mailto:IMCEANOTES-+22Townsend+2C+20Christopher+20J+2E+20-+20CHI+22+20+3Cchristopher+2Etownsend+40piperrudnick+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Wednesday, August 08, 2001 8:01 PM
To:	Migden, Janine
Cc:	Fein, David I. - CHI
Subject:	Imbalance Issues

Janine --

As you might recall from the memo summarizing the 1999 Edison DST
proceeding, the Illinois Commerce Commission essentially "punted" on the
imbalance issue, instead deferring to FERC.  Attached is the section from
our memo that discussed the imbalance issue.  It is my recollection that the
issue of establishing subaccounts was not addressed.  We will try to confirm
this tomorrow.

As lawyers, please do not hesitate to call or email if we can be of any
further assistance.

> Christopher J. Townsend
> Piper Marbury Rudnick & Wolfe
> 203 N. LaSalle Street
> Chicago, IL 60601
> (312) 368-4039 (direct line)
> (312) 630-6300 (direct fax)
> christopher.townsend@piperrudnick.com
>
		Energy Imbalances

		1.	Jurisdictional Issues

	The ARES Coalition, Alliant, and IIEC argued that the Commission
should address energy imbalances in the proceeding.  Enron and NewEnergy
abandoned this argument after reaching a settlement agreement with Edison.
Staff and Edison argued that charges for energy imbalances are properly
addressed within Edison's OATT and subject to the jurisdiction of the FERC.

	The Commission concluded that in the interest of avoiding protracted
litigation and the harm of delay to retail competition, the Commission would
not address the propriety of FERC's asserted authority over energy imbalance
issues.  The Commission indicated that its deferral to the FERC in no way
"waives its right to assert jurisdiction over energy imbalance service at
some future time."

		2.	Factual & Policy Issues

	Edison proposed an energy imbalance service to retail customers
containing the following provisions:

*	Energy imbalance will be calculated separately for each hour and
settlements will occur on a cash basis for each hour's imbalances;
*	For those RESs whose energy imbalance in an hour is 2% or less, or 2
MW or less, settlement is made at 100% of out-of-pocket costs ("OPC"),
regardless of the net imbalance or the direction of the error;
*
*	Those RESs whose energy imbalances exceed 25% of their own
individual schedules will pay an adder or be charged a discount of 25% of
OPC.  Adjustments are made to avoid double-counting of adders and discounts
applicable to those RESs that are also subject to an adder or discount
below.  These imbalance charges will be phased-in as follows:
*
*	From October 1, 1999 through December 31, 1999 -- No adder  will
apply under this provision.
*
*	From January 1, 2000 through March 31, 2000 -- 25% adder/discount
will apply to those RESs whose imbalances exceed 25% of their schedules 20%
or more of the hours of the month.  If the 20% of the hours are exceeded,
the adder/discount shall apply to all hours.
*
*	Starting April 1, 2000 -- 25% adder/discount will apply to those
RESs whose imbalances exceed 25% of their schedules 10% or more of the hours
of the month.  If the 10% of the hours are exceeded, the adder/discount
shall apply to all hours.

*	Edison also applies a bandwidth to the total net energy imbalance
attributable to unbundled retail load served by RESs.  If the hourly
imbalance caused by all unbundled retail load, excluding PPO load, is within
the 100 MW bandwidth, no RES (except those whose imbalance exceeds ?25%, as
noted below) will be subject to an adder or discount.  PPO load will, in
aggregate, be subject to the same terms and conditions as above, but
imbalance attributable to the PPO will be compared against a 100 MW deadband
separately from all RES load.

*	Edison will permit RESs to trade energy imbalances among themselves,
to offset their imbalances at whatever prices and terms they wish, before
applying a charge for energy imbalance.  According to Edison, this feature
will allow RESs to minimize energy imbalance charges by exchanging
overscheduled megawatt-hours for underscheduled megawatt-hours in the same
hour.  All remaining imbalances will be settled in cash at 100% of Edison's
OPC.  Edison shall make available information on OPC ten days prior to the
opening of the trading window.
*
*	The net retail energy imbalance in excess of 100 MW will be charged
an adder or discount of 10%.  This charge will be allocated among RESs who
are out of balance in the direction of the net and whose imbalance exceeds
their individual deadband.  The allocation will be based on the ratio-share
of the amount by which these individual RESs' imbalances exceed their
individual deadbands.  Any such adder/discount will be billed separately
from charges for any imbalances remaining after trading. Likewise, any
adder/discount attributable to the provisions of Paragraph 3 will be billed
separately from charges for any imbalances remaining after trading.
*
*	Load profiles will be developed using Dynamic Load Modeling with
seasonal adjustments.  Edison will not require the installation of interval
demand recorders for customers of less than 400 kW at this time.
*
*	Energy imbalances will be assumed to be within the bandwidth (i.e.,
no adders/discounts) when the imbalances are due to (1) Edison interruptions
and restorations, or (2) customer force majeure events, that are in each
case material to the RESs' schedule and of which the RES could not
reasonably be aware in sufficient time to adjust the schedule.
*
*	Edison will include a description of the methodology for determining
OPC in its energy imbalance schedules filed with the FERC.

	The IIEC opposed Edison's proposal and requested that the Commission
require Edison to offer an optional imbalance service at the distribution
level.  Blackhawk also opposed Edison's proposal and supported the IIEC
proposal  Alliant also supported Edison being required to offer an energy
imbalance service at the distribution level.  Mid-American opposed any
effort by the Commission to exert jurisdiction on energy imbalances.

	The Commission failed to weigh-in on the energy imbalance issue
consistent with its determination that the FERC is the appropriate forum for
such issues.  The Commission reserved the right to address the issue in some
future FERC proceeding.

____________________________________________________________________________
The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient,
you are hereby notified that any dissemination, distribution, or copying of
this communication, or any of its contents, is strictly prohibited. If you
have received this communication in error, please re-send this communication
to the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com
____________________________________________________________________________

 - C.DTF << File: C.DTF >>


Please coordinate with Milbank to get the requested documents under #5
----- Forwarded by Richard B Sanders/HOU/ECT on 07/23/2000 08:51 AM -----

	Lisa Mellencamp
	07/19/2000 01:15 PM

		 To: Richard B Sanders/HOU/ECT@ECT, Richard Lydecker/Corp/Enron@Enron, Brian
Vass/HOU/ECT@ECT
		 cc:
		 Subject: nsm

divide and conquer strategy devised with paul aronzon at milbank:
1. i am getting local thai counsel. have email richard out to bruce lundstrum
re. we will file a claim even tho not submitted to cedrac procedures.
2.brian is getting a hold of jim ajello to have him call the other c
bondholders to alert them as to the aug. 7 filing deadline since we were
holding hands with them.
3.paul is calling cleary to document the handshake deal on what the c holders
will get from the bs.
4.when that happens brian you and jim will need to call back the other c
bondholders.
5.richard can you have the paralegal working on the case (was it linda?) pull
the underwriting agreement, the shareholders agreement and the management
agreement and anywhere else we think there may be an indemnity to file any
indemnity claim we can think of? also can you do a short description of the
lawsuit to put in the proof of claim??
6.paul is getting a general update of the status. of the case and the
facility.

Lisa J. Mellencamp
Enron North America Corp.
1400 Smith St.
Houston, TX  77002
Tel:  (713) 853-7986
Fax: (713) 646-3393


Sounds like your little cousin is continuing to strike out on the airline
tickets.  It really breaks my heart to see the once great web master fall so
far. Maybe we should have assigned him the task of color coordinating his
pants and shirts for the trip.


Joann, you may need to get with Chris Ordway on this.  Please let me know if we are still using any of the contracts listed below.  I don't think we are using them anymore.

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/14/2001 03:59 PM ---------------------------

Marlene Hilliard
04/27/2001 12:55 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Terminate Contracts

I need to know if you still want the following contracts terminated on Dominion Transmission, Inc.  Further, what should be the effective date of termination.

1.  8T0A61

2.  8G1064

3.  8G0A63

4.  8G0A62

5.  8G0A61

6.  8G2302

7.  8G2301

8.  8T0012

9.  8T0014

10.  8T0010

11.8G0011

12.  8G0012

13.  8G0013

14.  8G0014

Please contact me as soon as possible.

Thank you.

Marlene D. Hilliard


Gerald:  Nothing with or pertaining to Universal Compression to the best of
my knowledge.  Sorry for the delay.  When I am out my assistant Dina Snow can
run a check for you .
Kay

Kay C. Young
Legal Specialist
Enron North America Corp.
713-853-6794 Phone
713-646-3393 Fax
kay.young@enron.com

	Gerald Nemec
	01/10/2001 02:58 PM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: CA

Kay,  Please see the attached.


Here is the presentation for the 2:30 meeting today


Will do.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Tuesday, November 27, 2001 4:04 PM
To:	Chandler, Bob; Saunders, James
Subject:	Re: FERC Contact Re:  Enron Situation Impact on Pipelines
Importance:	High

Next time ask Jim to call me.
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Save the date:    May 17th
		   Cubs vs. Astros
		   1:20pm
		    Wrigley Field


- 1_18_02GO.xls
 - 1_18_02OH.xls


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2001 10:16 AM
---------------------------

Cynthia Sandherr@ENRON
01/30/2001 11:21 AM
To: joshua_sheinkman@wyden.senate.gov
cc: gpeters@epsa.org, Allison Navin/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron (bcc: Mary Hain/HOU/ECT)
Subject: Questions you requested

Joshua:

I found the Enron staff who have had the conversations with the Oregon PUC so
believe the attached Q&A meet your request.  If you need additional
materials, just let me know.

In addition, EPSA sent some questions they would like the Senator to ask of
any of the EPSA witnesses (Reliant, Calpine, Williams, or Enron) dealing with
the Impact of the Recent changes in the Management of the California
Independent System Operator:

Background:  The Cal ISO acts as the "air traffic controller" for the
interstate electric power grid in California.  The ISO determines who gets
access to the grid and under what terms and conditions.  It is the ISO that
helps ensure that access to the grid is truly open and non-discriminatory.
When the ISO was initially constituted several years ago, a "stakeholder"
management board was created that represented a wide range of market
interests---power sellers, generators, consumers, political leaders, etc.
After the power emergencies began last summer, this board was criticized as
too splintered and indecisive.  In a response to this perception and in an
effort to impose greater control over the ISO, the California state
legislature replaced the stakeholder board with a five-person board that
serves at the request of the California Governor.

QUESTION:  The Cal ISO has recently seen its management board changed from
one with broad stakeholder representation to one appointed by the California
Governor.  Given that California is a critical part of a larger western
regional power market, how can we ensure that regional power needs are
reflected in the decisions of the new state appointed Board?

ANSWER:  We really can't.  Most of the time, the Board has a limited role.
However, the "traffic controller" role becomes crucial when the power crunch
comes.  Every market participant needs to be worried that, during times of
real power emergencies, the Cal ISO Board will be too willing to shoot first
and ask questions later.  Companies with firm transactions involving
out-of-state entities may find their needs and commercial interests
sacrificed to prevent local political problems.  Instead of robust,
competitive regional markets, politicizing transmission decisions practically
guarantees an increasingly balkanized market.


Kevin --

Last update that I know about for CDWR costs.  If Sue or Jeff know of later $ figures, please advise Kevin.  Also, my understanding was that the CPUC simply disallowed the CDWR from having straight passthru without review.  They may get to charge 100% of these dollars, but needs CPUC approval.

Jim
-----Original Message-----
From: Tribolet, Michael
Sent: Wednesday, August 08, 2001 3:44 PM
To: Shapiro, Richard; Steffes, James D.; Kingerski, Harry; Dasovich, Jeff; Mara, Susan
Subject: New CDWR Revenue Requirement

I have attached a comparison of the revised CDWR Revenue Requirement, along with a comparison with the July 22nd figures.

* The total DWR dollars decrease $471.5 million over 2001 and 2002, centered in the periods 3Q 2001 and onward.  The "past problem" actually increases by $1.9 billion (1Q & 2Q 2001).
* PG&E has their share increased $730.1 million over 2002 and 2002, centered in 1Q and 2Q 2001.
* Edison ends up with a significant decrease of $1.199 billion in 2001 and 2002.

Regards,

Michael


Dennis will be traveling in the Midwest 7/8 through 7/16 and will be back in
the office 7/17.  If you have any questions, concerns, or need to speak with
Dennis, please contact me at extension 6462 or 661-823-6462.


You might try Scott Tholan, Mike Hicks, or Rick Buy.

	Linda Robertson
	11/13/2000 05:36 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: My Conversation with Jeff Skilling

Steve, I mentioned to you late on Friday that Jeff asked me to get up to
speed on a troubled project in China.  Any thoughts on tracking this down?
Thanks, Linda


---------------------- Forwarded by Patrice L Mims/HOU/ECT on 11/30/2000
02:48 PM ---------------------------

	From:  Kevin Ruscitti                           11/30/2000 02:35 PM

To: Patrice L Mims/HOU/ECT@ECT
cc:
Subject: FOM

P,

Please forward this to GD.  Thanks,

Kevin


http://www.iso-ne.com/mrp/MRP-04B-Internal_Unit_Contract/EFFECTIVE_2000-06-12_
MRP-4B.doc

This chapter explains the pre-determined conditions for contracts in New
England. I am still looking for the clearest explanation of the market rules
and procedures with respect to these internal contracts.

pjb


I will be leaving the office at about 3 p.m. Monday (Dec 4) and will return
Wednesday morning (Dec. 6).  I will be travelling to Chicago Monday and will
be meeting with our lawyers at Sidley & Austin Tuesday.

I will check my voice messages while out of the office.  I will also have my
cell phone with me (713) 594-2683.

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


-----Original Message-----
From: 	"Mickey, Joel" <JMickey@ercot.com>@ENRON
Sent:	Monday, November 12, 2001 3:42 PM
To:	1 2001 WMS and others(Wholesale Market Sub.); 1 MockMarket
Subject:	Joint WMS - QSE Project Managers meeting - presentation materials

Attached is the  presentation we will give at the Joint WMS - QSE Project Managers  meeting.
 - BES Market for WMS _Fundamental1.PPT


Ron/Bob:  I assume that you two have the lead on this.

Brian

 -----Original Message-----
From:  Bouillion, James
Sent: Wednesday, April 18, 2001 7:27 AM
To: Booth, Chris
Cc: Studdert, James; Jacoby, Ben; Mann, Kay; Tapscott, Ron; Redmond, Brian
Subject: Re: Insurance Claim Letter

It looks good.  I would also like to see how supportive the two attached
letters are.

	Enron North America Corp.  From:  Chris Booth @ ENRON
  04/17/2001 03:49 PM

To: James P Studdert/HOU/ECT@ECT, Ben Jacoby/HOU/ECT@ECT, James L
Bouillion/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc: Ron Tapscott/HOU/ECT@ECT, Brian Redmond/Enron@EnronXGate
Subject: Insurance Claim Letter

Lady and Gents,

Please review and comment.

Chris

 << File: Response to Insurance Carrier 041701.doc >>


I would much rather add the Thompsonville now... O

 -----Original Message-----
From: 	Farmer, Daren J.
Sent:	Monday, January  7, 2002 2:04 PM
To:	Winfree, O'Neal D.
Subject:	RE: Physical Curve Mappings_Sitara

OW,

I went through the list on the sort by pipe and highlighted the curves/mapping we can delete (yellow) and those we can change (orange).  The only curves we will have left are Katy, Waha, HSC, Agua Dulce, and Thompsonville.  I expect to be using Thompsonville in 6 months to a year.  If it easier or cleaner to delete that curve and add it when we need it, that will be fine.  Let me know if you have any questions.

 << File: CurveMapping_Texas_df.xls >>

D

 -----Original Message-----
From: 	Winfree, O'Neal D.
Sent:	Monday, January 07, 2002 12:55 PM
To:	Farmer, Daren J.; Baumbach, David; Olsen, Michael
Cc:	Martin, Thomas A.
Subject:	Physical Curve Mappings_Sitara

Hey Gang,

Attached are the physical curve mappings as provided by Russ Severson... Please take a peek and let us know if we need to change, add/delete, update any points/mappings going forward in a Netco environment... For instance, I would like to change Texoma to Carthage on the curve mappings... Also, I would like to delete all derived curves, leaving only Carthage, KatyTailgate, and Agua Dulce.
The other physical locations would be ShipChannel, Waha and Katy (non-tailgate)... Let me know your thoughts... O'Neal 3-9686

 << File: CurveMapping_Texas.xls >>


Nightmare greg not back yet either so we still don't knoe real numbers
--------------------------
Sent from my BlackBerry Wireless Handheld