United Way Scholars Press Conference, Today at 10:30 AM!!!!
Come see your United Way dollars at work building the workforce of the future!

Please join Jeff Skilling at a press conference today at 10:30 a.m. in Antioch Park to announce The United Way Scholars Program!  Your contribution is helping to provide 50 local high school students with college scholarships and funding for middle and high school technology programs designed to reach thousands of students each year!

USCAA Track & Field Championships, June 9, 2001
The Enron Running Club is seeking runners, sprinters, discus & shot put throwers, high jumpers and long jumpers to compete in the annual USCAA Track & Field Championships on Saturday, June 9th at Rice University.  Participate in co-ed track relays & field events for all ages and abilities; showcase your energy and talents in a challenging, competitive, and fun environment; participate in an Enron tradition since 1994; experience teambuilding and camaraderie like never before!  For more information or to sign up, contact Cindy Richardson at x3-4770 or sprint to:  http://home.enron.com:84/erc/index.html

Dad's Day 5K
Join the Enron Running Club at the Dad's Day 5K and 1 Mile Family Walk benefiting The Prostate Cancer Research and Awareness scheduled for Saturday, June 2nd.  If you're interested in running or volunteering your time, please contact Cindy Richardson at 713-853-4770 or Kelly Lombardi at 713-345-5841.  For more information, run to: http://home.enron.com:84/erc/index.html.

The Caladium plants that are in the huge plant pots throughout the Plaza are going to be replaced and will be available for purchasing TODAY for $4.00 in the Plaza by the up escalator from 11 a.m. to 12 p.m..

Wild@Work Brown Bag: Digging Up the Past:  Archaeology at Armand Bayou
Join Armand Bayou Nature Center Executive Director, Ephriam Dickson, as he explores the prehistoric sites of the Clear Lake area. Discover how archeologists reconstruct past cultures from the artifacts left behind and learn how the first residents of Houston made their living.  [No shovels required.]

When:  Friday, June 8th, 11:30 AM to 12:30 PM
Where:  EB 5C2

Free Opera in the Park featuring Houston Grand Opera's Carmen, June 8-10!
Houston Grand Opera's sensational Multimedia Modular Stage production returns for three FREE performances at Houston's Miller Outdoor Theatre on June 8-10 at 8:30 p.m. Bizet's fiery gypsy Carmen, everybody's favorite femme fatale, ignites the summer in a powerhouse production that had audiences and critics cheering when it was first unveiled in 1998.

Houston Grand Opera's revolutionary Multimedia Modular Stage (MMS), with its giant "live" video screens, hydraulic platforms, and hundreds of rotating, colored lights takes the incredible energy onstage and transports it to the farthest reaches of the outdoor venue with a visceral impact equal to that of a rock concert!

Tickets for the reserved seating will be issued between the hours of 11:30am and 1:00pm through the Miller Theatre box office on the day of the performance.  Any remaining tickets will be issued one hour before the performance.

For additional information, visit HGO's web site at www.houstongrandopera.org. Also see volunteer opportunities below.

JOIN THE VOICES OF ENRON TO EXPAND YOUR COMMUNICATION SKILLS!
MAKE NEW FRIENDS!  EXPAND YOUR HORIZONS! ENHANCE YOUR COMMUNICATION SKILLS!  LOSE THE FEAR OF PUBLIC SPEAKING!  HAVE A GREAT TIME!
Day: Thursdays
Time: 11:30 a.m. - 12:30 p.m.
Location: Enron Building
For more information about The Voices of Enron, contact Melinda Pharms, Vice President, of Education via e-mail at <mpharms@ect.enron.com> or by phone at 713/853-3866 - Internal Extension 33866 or Kathy Willard, Vice President, Membership at kwillar@enron.com <mailto:kwillar@enron.com>, phone No. 713/646-7341 - Internal Extension 67341

Dance for All Ball
No Dance Partner Required!

Saturday, June 9
First United Methodist Church
1320 Main St. at Clay

7-9pm:     Dance Lessons by DanceArts   		 		http://www.danceartsballroom.com
9pm-12:   Dancing! with Live Swing Band. . .Chuck's Trio!

Cover Charge: Minimum $5 Donation
(All Proceeds go towards Building Materials for Red Bird Project which aids the economically disadvantaged & elderly)

FREE CHILDCARE AVAILABLE - Fun kid activities!

For More Info: call 5-6528

Kevin Hannon, Boys & Girls Club board member, invites you to join Enron employee John Cote at a Boys & Girls Club summer camp. John and Kevin are looking for commitments from some dedicated ENRON men & women. SPREAD THE WORD - SPOUSES, FRIENDS & OFFICE COLLEAGUES WELCOME - LAST YEAR'S CAMP WAS A HUGE SUCCESS! Details below:

WHAT: 	2nd Annual Houston Boys and Girls Club Summer Camp Weekend with Enron's incredible volunteers!

WHEN:  	Boys Camp
		Friday afternoon (3:00 - 6:00pm), June 22 through Sunday afternoon, June 24
		--OR--
		Friday afternoon (3:00 - 6:00pm), July 20 through Sunday afternoon, July 22

		Girls Camp
		Friday afternoon (3:00 - 6:00pm), July 6 through Sunday afternoon, July 8
		--OR--
		Friday afternoon (3:00 - 6:00pm), July 13 through Sunday afternoon, July 15

WHERE:	Willis, TX (75 minutes from downtown Houston -- just north of Conroe)

WHO: 	6-8 counselors per camp to chaperone 75 kids (ages 7-16)

HOW: 	Share all sports activities, including canoeing, hiking, fishing, organizing a talent 			show/bonfire/ghost stories, obstacle course, water balloon fights, softball, 				basketball, archery, football, etc.  (Cooking and clean-up covered by the Houston Boys & 		Girls Club staff.)

CONTACT:	John A. Cote at ext. 33830

Volunteers Needed for Bring Your Child to Work Day!

Bring Your Child to Work Day is Friday, June 29

Please email Jennifer Milligan if you are interested in volunteering and indicate your preference in the below activities:

Registration Table
Houston Police Dept / Stranger Danger / Fingerprinting
Outdoor Activities (SPCA pets, Balloon King, kids crafts, etc.)
Business Etiquette class
Business Art (kids' resumes, etc)
Lunch ticket sales/coordination (in Antioch Park)

WANTED! VOLUNTEERS FOR OPERA IN THE PARK

Carmen, June 8-10, 2001 @ 8:30pm nightly
Hermann Park's Miller Outdoor Theatre

Following is a list of volunteer duties to be assigned daily.

- Distribution of Stagebill programs with inserts of subscription forms and surveys one hour before the show begins.
- Distribution of giveaways items such as fans and plastic cups prior to the performance.
- Collection of surveys during intermission.

If interested please contact LaShabriel Keys at 713.546.0283 or lkeys@houstongrandopera.org.  Check-in for volunteers will be at 6:30pm nightly at the Volunteer Information Tent near the Miller Outdoor Theatre stage.

(Volunteers will receive tickets in the reserved seating section for the Carmen performance, free food, a t-shirt and a voucher for any matinee during the upcoming Opera season.)

The Enron Running Club and the Houston Corporate Athletic Association are seeking volunteers to assist at the annual USCAA Track & Field Championships on Saturday, June 9th at Rice University.  There are many volunteer opportunities requiring little or no experience including timers, scoring, lane judges, cheering on athletes and more!  We are looking for employees, families and friends that can contribute a few hours or who are willing to spend the day benefiting a great cause.  If you are interested or would like more information, please contact Kelly Lombardi at x3-8491.

Have News to Share?
To post news or events in Enron In Action, please e-mail your information to EIA@enron.com
no later than 12:00 noon the Thursday prior to the next Monday's mailing.


---------------------- Forwarded by John Arnold/HOU/ECT on 04/04/2001 08:31
AM ---------------------------

	Enron North America Corp.

	From:  Dutch Quigley                           04/04/2001 07:46 AM

To: John Arnold/HOU/ECT@ECT
cc:
Subject:

http://gasmsgboard.corp.enron.com/msgframe.asp


Re-confirmation that the EES Power Weekly Meeting will be held today (only) @ 12 noon (CDT).

Thank you

 -----Original Message-----
From: 	Brooks, Loretta
Sent:	Thursday, October 04, 2001 3:04 PM
To:	Black, Don; Presto, Kevin M.; Herndon, Rogers; Belden, Tim; Richter, Jeff; Dayao, Anthony; Pagan, Ozzie
Subject:	EES Power Weekly Mtg.

Please note for Thursday, October 18 (ONLY) the EES Power Weekly Meeting will be held from 12:00-1:00 pm(CDT)  instead of 4:00 pm. The location will remain the same (EB3308).
For those of you located in Portland we will call you at 10:00 am (PST).

On Thursday, October 25 the meeting will resume its regular scheduled time.

Thank you
Loretta Brooks


Yes--I just need the part that deals with that guy's attempt to jack up the
price of the power line or plant before selling it to Mon. Power.  Thakks.  DF

Kathy Ringblom
02/11/2000 10:38 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re:

I found an old (1945), long FPC case, "In the Matter of the Montana Power
Company", that deals with Montana Power's reclassification as a public
utility -  this is one of the few mentions of the Milwaukee railroad:

n38 The witness was also vague when asked to consider a hypothetical case
similar to that in which John D.
   Ryan, as a director of the Milwaukee Railroad, purchased the Thompson
Falls power site for $950,000 and
   immediately turned it over to a corporation, which he had caused to be
organized for that purpose, for
   $5,000,000 par value of its stock. When asked whether, as auditor for the
railroad, he would ...

Does this sound like the right case?


Greetings, Mr. Rogers

My thanks for your prompt and thoughtful reply.

As I interpret your note, it is not your desire to accept our offer to
retake the GMAT at this time.  Accordingly, I will be adding this latest
addition to your application packet.

Apart from what you have already submitted, is there any other new
material(s) you wish to be considered in the applications final review?

Carl
********************************
Dr. Carl H. Harris
Director for Admission, MBA Programs
The TEXAS Graduate School of Business
The University of Texas at Austin
==============================================

-----Original Message-----
From: Benjamin Rogers [mailto:Benjamin.Rogers@enron.com]
Sent: Sunday, March 12, 2000 3:14 PM
To: harrisc@mail.utexas.edu
Subject: Re: The TEXAS Graduate School of Business - Rogers

(See attached file: Dr. Carl Harris.doc)


thanks.

 -----Original Message-----
From: 	Alvarez, Ray
Sent:	Tuesday, September 18, 2001 4:36 PM
To:	Steffes, James D.; Tribolet, Michael
Subject:	RE: FERC CA Refund - Price Change

Jim, I talked to Jan Acton not an hour ago and he was hoping to get the info out this evening.  I confirmed your e-mail address to him.  I will call again to see how he is doing.  Ray

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, September 18, 2001 5:31 PM
To:	Tribolet, Michael; Alvarez, Ray
Subject:	FERC CA Refund - Price Change

Michael -

I've asked the outside consultants to give us a % change for the impact of the refund case.  Try to give these to you asap.  Ray Alvarez will you please follow up with CRA and Jan Acton?

Thanks,

Jim


I think it would be a good idea to get together.  I would include Eric Thode
as he has been living through the PR battles on a daily basis.

James D Steffes
05/30/2001 08:31 PM
To: Steven J Kean/NA/Enron@Enron
cc: Richard Shapiro/NA/Enron@Enron, Michael Terraso/OTS/Enron@ENRON, Kelly
Kimberly/Enron Communications@Enron Communications

Subject: Bahamas LNG

Steve --

In a discussion today with Mike, Kelly, etc., it was apparent that the Public
Affairs team viewed the Bahamas LNG transaction quite cautiously.  Given the
recent issues power plant development has had in Florida (big political
fights that are going the wrong way), I was wondering if it made sense to
bring together a meeting of all of Public Affairs and the deal team to
analyze the implications of our development plans.  My primary worry is that
P/L under water could have severe ecological implications that are not being
internalized into the transaction.

I would like to try and arrange a meeting to (1) ensure Public Affairs
coordination and (2) understand the deal impacts better.

Please advise if I'm worrying for no good reason.

Jim


I have asked my asst, Twanda Sweet, to set up a conf. call on this for
Friday. Jim is right--we need to be prepared for anything. Bill- I heard
today that PG&E has sent us a letter or otherwise communicated to us that
they are looking for a letter from us on valuation and are going to challenge
our setoffs. Any news?

	"JAMES HUEMOELLER" <JLHUEMOE@LLGM.COM>
	04/17/2001 03:00 PM

		 To: "Elizabeth Sager" <elizabeth.sager@enron.com>,
richard.b.sanders@enron.com, travis.mccullough@enron.com
		 cc: "CARL A. EKLUND" <CEKLUND@LLGM.COM>, "JOHN KLAUBERG"
<JKLAUBER.NYC2.HEADQUARTERS#032#NEW#032#YORK@LLGM.COM>
		 Subject: Close out of contracts

I don't want to make a pest of myself, but I'm curious as to how the process
of closing out the terminated contracts is coming.  In particular has Enron
completed the process of obtaining quotes so that the amount of the
Termination Payments is set.  I'm concerned that PG&E would be more likely to
hit the LC's once the amounts have been set.  We'll be ready to file
something if they try that, but I'd like a heads up so that we know the
possibility is out there.

==============================================================================
This e-mail, including attachments, contains information that is confidential
and may be protected by the attorney/client or other privileges.  This
e-mail, including attachments, constitutes non-public information intended to
be conveyed only to the designated recipient(s).  If you are not an intended
recipient, please delete this e-mail, including attachments, and notify me.
The unauthorized use, dissemination, distribution or reproduction of this
e-mail, including attachments, is prohibited and may be unlawful.

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


Greg/Stephen,
Our Europe and Middle East projects has also changed significantly following Jim Hughes trip to Europe.  We'll rework the numbers (with Cuiaba also) and forward that to Tracy tomorrow.  Thanks.

 -----Original Message-----
From: 	Tran, Agatha
Sent:	Monday, October 22, 2001 9:04 AM
To:	Adams, Gregory; Kaster, Mei-Ling
Cc:	Schwarzbach, Stephen
Subject:	RE: EGAS 2002 Plan

Greg,
It does reflect the consolidation of Cuiaba except that Cuiaba number is changing significantly.  We hope to update for that by tomorrow.

 -----Original Message-----
From: 	Adams, Gregory
Sent:	Monday, October 22, 2001 8:09 AM
To:	Kaster, Mei-Ling; Tran, Agatha
Cc:	Schwarzbach, Stephen
Subject:	EGAS 2002 Plan
Importance:	High

Agatha & Mei-Ling,

Does the current version of the plan you submitted reflect the consolidation of Cuiaba?
In particular, the impact on Interest Expense & Capital Expenditures for 2002.

If you need to make changes please get them to us ASAP.

Thanks ........

Greg Adams, Director
Corporate Financial Planning
713-853-3887


Amy,

As I will be away from the office tomorrow morning,  please contact the
following regarding the GISB and or other issues you may have.

Stacy Dickson-Granmayeh
713-853-5705

Best regards,
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


It was a pleasure to meet you and to talk with someone who knows ERCOT, PJM,
etc.!  Thanks for taking the time on both Wednesday and Thursday to visit
with us.  You should be hearing from Lexi soon regarding our Super Saturday
event.

"Max Sell" <rudolf@mail.utexas.edu> on 10/10/2000 06:25:47 PM
To: <sally.beck@enron.com>
cc:
Subject: Thanks for the interview

Hi Sally,

I want to thank you for interviewing with me last Thursday.  You made the
interview more relaxing and I enjoyed our conversation.  After speaking with
you and the other Enron people, I've become very interested in Enron.  I
would be thrilled to come work with you at Enron.

Sincerely,

Max Sell


Date: Wed, 13 Sep 2000 08:10:49 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Deanna King" <dking@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>,
"Ronald Carroll" <rcarroll@bracepatt.com>
Subject: Testimony from the Sept. 11 Meeting in California
Mime-Version: 1.0
Content-Type: multipart/mixed; boundary="=_2D75A66A.32533E80"

For your reading pleasure, attached is the testimony of:  Chairman James J.
Hoecker, Commissioner Linda K. Breathitt, Commissioner Curt L. Hebert, Jr.,
and Commissioner William L. Massey (with a separate summary).  This testimony
was given before the Subcommittee on Energy and Power Committee on Commerce,
U.S. House of Representatives, in San Diego, CA on September 11, 2000.

 - breatt9-11.pdf
 - hebertest9-11.pdf
 - masseytest9-11.pdf
 - masseysum9-11.pdf
 - hoec9-11.pdf


Anyone interested in PAINTBALL ... on the 10th June (Sunday) ?

Cost: Approx $40, includes equipment, food but not paint or clothing.

Forward this to anyone who you think would like to go.

http://maps.yahoo.com/py/maps.py?Pyt=Tmap&addr=15550+Grant+Rd&city=Cypress&state=TX&slt=30.024000&sln=-95.651000&name=&zip=&country=us&BFCat=&BFClient=&mag=5&desc=&cs=9&newmag=6&poititle=&poi=


Charles Schwab & Co., Inc.

Morning Market View(TM) for Wednesday, May 16, 2001
as of 11:00AM EDT
Information provided by Standard & Poor's

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

U.S. INDICES
(11:00a.m. EDT)

----------------------------------
Market            Value     Change

DJIA          10,927.00    + 54.10
Nasdaq Comp.   2,094.63     + 9.05
S&P 500        1,254.26     + 4.82
----------------------------------
NYSE Advancing Issues        1,422
NYSE Declining Issues        1,242
NYSE Trading Volume        260 mln
NASDAQ Advancing Issues      1,405
NASDAQ Declining Issues      1,627
NASDAQ Trading Volume      472 mln

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

U.S. TREASURIES
----------------------------------
Value            Yield      Change

1-year bill       3.66%        n/a
5-year note       4.94%     + 2/32
10-year note      5.46%     + 9/32
30-year bond      5.84%    + 26/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

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

U.S. TRADING SUMMARY

After a shaky open, the headline U.S. indexes have been able to
overcome initial weakness and move into positive territory.
Stocks were under pressure at the open of regular trading as an
earnings warning from chip-equipment giant Applied Materials
weighed while another warning from phone titan Sprint also
impacted. Even a lighter-than-expected headline Consumer Price
Index figure, a key measure of inflationary pressure, could not
help the technology sector find a bid initially. Traders remained
steadfastly concerned about the health of upcoming corporate
profits, with the news from Applied Materials only fanning their
growing fears that the worst is not yet over. However, bargain
hunters came in and propped up the sagging indexes. By midmorning
all indices were in the green with the Dow up 0.50%, Nasdaq up
0.43% and the S&P 500 up 0.38%.

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

JAPAN / EUROPE SUMMARY

European equities were all lower in midafternoon European trading
as an earnings warning from U.S. firm Applied Materials added
pressure. The French CAC-40 has lost 1.1% while the German Dax
and London FTSE have fallen 0.8%. Elsewhere, Japanese shares were
crushed as the global weakness in technology and
telecommunications shares spread like a contagion. The Nikkei-225
was hammered for a 2.6% loss while the broader Topix dumped 1.6%
of its value. Furthermore, the Federal Reserve's reiteration of
weakness in the U.S. economy, which was in the statement
accompanying Tuesday's rate decision, added pressure to Japanese
and European equities overnight.

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

CURRENCY SUMMARY

The dollar has fallen to its lowest level in about a week against
the euro, as traders took another look at the Federal Reserve's
statement yesterday and found that they did not like the
implication that conditions in the U.S. economy remain on the
weak side. The pair is trading around 0.884 dollars per euro from
around 0.876 dollars overnight. The dollar surged higher against
the yen overnight, trading to 124 yen as weakness in Japanese
stocks weighed on the yen. However, profit-taking has pulled the
greenback off its overnight highs and it is now trading around
123.4 yen.

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

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 11:05 a.m. EDT)

** Applied Materials (AMAT: 50.17, + 0.28) reported fiscal
second-quarter profits that were at the low end of expectations.
The firm also warned that fiscal third-quarter profits would be
well below current expectations. Applied Materials revealed that
it earned $269 million, or $0.32 per share, excluding a
restructuring charge. Earnings were expected to hit between $0.32
and $0.37 per share, according to the First Call survey. In the
same quarter last year, Applied Materials earned $0.53 per share.
For the upcoming third quarter, the company expects earnings per
share to break even or come in just slightly above breakeven
levels. The forecast represents a dramatic divergence from
analysts' expectations, which were for the firm to earn a profit
of $0.22 per share according to First Call.

** Sprint (FON: 21.07, - 0.51) downgraded its fiscal
second-quarter earnings guidance, along with its full-year 2001
profit estimates, due to the impact of bad debts and lower
demand. The phone giant now expects earnings at its core FON
division to hit between $4.3 billion and $4.4 billion for all of
2001. Earnings per share for the second quarter are expected in
the $0.28 to $0.30 range, compared with the results from the
First Call survey that had the average analyst estimate pegged at
$0.32 per share. Note that Sprint excluded its Sprint PCS (PCS:
23.83, - 0.17) wireless division from this guidance.

** Brocade Communications (BRCD: 44.45, + 1.95), a major supplier
of fiber optic switches, reported second-quarter earnings that
were in line with already-lowered profit projections. The company
said that it made $12.0 million, or $0.05 per share, versus $13.3
million, or $0.06 per share, in the same quarter last year.
Revenues rose 86% to $115.2 million.

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

ECONOMIC NEWS

** Consumer Price Index for April rose 0.3%, following the
previous 0.1% increase. The S&P MMS consensus estimate called for
a 0.4% rise.

** Housing starts for April were at the 1.61 million unit pace,
compared to the previous 1.59 million unit pace. The consensus
estimate was for a 1.60 million unit pace.

** THURSDAY - Weekly initial jobless claims, May Philadelphia
Federal Reserve index, April leading economic indicators.

** FRIDAY - March U.S. trade report, April Treasury budget.

################################################################

Log in using the links below to:

Access your account:
https://investing.schwab.com/trading/start?SANC=CCBodyi&NeedCASelValue=Y

View your Email Alert customization options:
https://investing.schwab.com/trading/start?SANC=EAMyAlerts

Perform research or request a market quote:
https://investing.schwab.com/trading/start?SANC=Quotes

Place a trade order:
https://investing.schwab.com/trading/start?SANC=TradeStock

To visit Schwab's home page, use this link:
http://www.schwab.com/

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

To unsubscribe or modify your Email Alert customization options,
log in using the link below or copy and paste it into your
browser's address window:

https://investing.schwab.com/trading/start?SANC=EAMyAlerts

Now you can receive graphics Email Alerts in HTML format,
using helpful, full-color graphics and active Web links that
connect you directly to information you want. Use the link
below to log in and change your email format preference:

https://investing.schwab.com/trading/start?SANC=EAEditEmailAddr

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

Notice: All email sent to or from the Charles Schwab corporate
email system may be retained, monitored and/or reviewed
by Schwab personnel. (1000-8752)

Copyright 2001 Standard & Poor's MMS Inc.  All rights reserved.
Standard & Poor's MMS services are for personal use only.
Commercial use or redistribution in any form, print or
electronic, is prohibited.
Distribution by Quris, Inc.


Hi guys.

I don't know how he got my name, but am forwarding
in case any of you are interested.

Have a great day!

Shirley

-----Original Message-----
From: John Adamiak [mailto:john@pgsenergy.com]
Sent: Monday, January 07, 2002 4:39 PM
To: Crenshaw, Shirley
Subject: Energy Derivatives/Electric Power Seminars

Quick question:

I was wondering if you know anyone who could benefit
from a better understanding of energy derivatives, risk
 management policy, gas-to-electricity arbitrage, statistics or
 electric power trading.

 If you do, please make them aware of  PGS Energy Training's
upcoming seminars in downtown Houston (in February) and
downtown Philadelphia (March).
 http://www.pgsenergy.com/schedule.html

Available seminars include:
    1) Fundamentals of Energy Futures, Options & Derivatives
    2) Fundamentals of the Electric Power Industry
    3) Gas-to-Electricity Arbitrage & How to Maximize the
        Profitability of Electric Generation Assets
    4) Developing Effective Risk Management Policies
        & Procedures (John Wengler)
    5) Fundamentals of Statistical Analysis (Dr. Ken Skinner)
    6) How to Value Electric Generation Assets as Real Options
    7) Fundamentals of Value-at-Risk (Soli Forouzan)

For seminar dates and hotel information, call 412-279-9298
or visit  http://www.pgsenergy.com/schedule.html

 You can also save money by bringing a group of 4 or more.
 With a group rate, your cost for $1,295 seminars is reduced
 to $895 per attendee-- a savings of $1,600 from regular
 prices. The group price for the $695 programs is $495.

As you know, successful people invest the they time need to
improve their career prospects and increase their value to
their organization.  Hope to see you there!

 John Adamiak
PGS Energy Training


Please note that the company number for Enron Energia Industrial de Mexico
B.V. has changed from 45B to 1627.  This is in order to accommodate the
functional currency change from Eurodollars to USD.

Please share this information with other interested parties.

Kate B. Cole
Director, Corporate Services
Enron Corp.
Tel: (713) 853-1624
Fax: (713) 646-8007
Email: kate.cole@enron.com


Hello, and happy new year!

REGARDING NEW HEALTH INSURANCE CARDS FOR 2002:
If you signed up for a new health plan, your new insurance card should be arriving at your home address.

Temporary cards for CIGNA, United Healthcare, Merck/Medco (the Enron prescription drug plan), and Metlife Dental are available at the Enron Benefits website**, http://benefits.enron.com. You will need your SSN and 4-digit PIN to access the system. (Once you are logged in, select Resources and Forms and scroll down to the desired plan.)

**PLEASE NOTE: You may also access this site for dependent care/health care and parking/mass transit spending account reimbursement forms.

If you have any questions, please let us know.

Thanks!
Your HR Team

------------------
Grace, x8321
Julie, x7404


FYI
 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, October 05, 2001 3:03 PM
To:	Bowen Jr., Raymond; Brown, Michael - COO London; Buy, Rick; Causey, Richard; Delainey, David; Derrick Jr., James; Dietrich, Janet; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Glisan, Ben; Haedicke, Mark E.; Horton, Stanley; Hughes, James A.; Kean, Steven J.; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Mcconnell, Mike; McMahon, Jeffrey; Shankman, Jeffrey A.; Sherriff, John; Whalley, Greg
Cc:	Colwell, Wes; Roper, Kerry; Price, Brent A.; Castleman, Kent; Dyson, Fernley; Hayslett, Rod; Piper, Greg; Pickering, Mark
Subject:	Enron Net Works 2002 Budget Process

The 2002 Enron Net Works budget will for the first time combine allocations to business units for four key services:  Enron Online, IT Infrastructure, Risk Management Operations and IT Maintenance and Development.  We are providing a level of detail for expense and capital spend that is greater than that provided in past years, and that will allow business units to make informed choices regarding the services that they receive.

We are meeting with individual business unit Offices of the Chair to review in detail the four service areas delivered through Enron Net Works.  Some of these meetings have been completed and more will occur between now and October 12.  Please keep the following points in mind as we work with you to finalize budget:

Enron Networks today is very different from this time last year.  Additions to the 2002 ENW budget are Operations for EA, EIM and EGM.  Operations, IT Maintenance and Development, and IT Infrastructure for EES and EBS have been included under the ENW umbrella for the first time in the  2002  budget as well.  The 2001 budgets for these functions were approved and included in individual business units last year.   Any comparison of ENW's 2002 versus 2001 budget must be appropriately adjusted for these organizational changes to be relevant.

For further detail for each business unit, ENW's 2002 expense and capital dollars are organized to mirror each business unit's lines of business (products or commodities) in order to create a transparent view at a more granular level of the costs involved in supporting each of the lines of business.

The detail that is being provided to business units for IT costs delineates licensing fees, system maintenance costs and new development costs.  Detail on each IT development project identifies the purpose, business sponsor, line of business, "in progress" or "planned" designation, expense and capital spend, system impacted, and estimated completion date.   In order to finalize IT project budgets, decisions will be required from the business units on which projects to undertake in 2002.

If you have questions about the ENW budgets as we are working with you to finalize them,  please call one of us.

Greg Piper
Sally Beck
Mark Pickering


Rex, I don't find any mail from Tana Jones.  Please resend, and
also include the names of counsel on Sun's side that you worked with
to do this.


This is a estimate for UA4, fuel, loss, and various other operational
usages.  This deal should be handled like the other operational tickets in
the system.

D

   Aimee Lannou                06/01/2000 11:19 AM

To: Daren J Farmer/HOU/ECT@ECT, George Grant
cc:
Subject: Meter 385

Daren - Is there a reason there is a nom of 20.000/day at meter 385?  This is
a non-allocatable meter.

AL


Start Date: 4/10/01; HourAhead hour: 19;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
Error: Crawler lifetime exceeded.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.
ERROR: File O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041019.txt is empty.


Here's Billy Stiles' bio.  I'm still working on a speaker from Indiana and/or
Oregon.  I'll let you know.

Thanks again!

Samantha

Samantha M. Slater
Manager of State & Regional Affairs
Electric Power Supply Association
1401 New York Avenue, N.W.
11th Floor
Washington, D.C.  20005
Phone: 202-628-8200
Fax: 202-628-8260
E-mail: sslater@epsa.org

>>> <Richard.Shapiro@enron.com> 07/05/01 03:54PM >>>

I'll do it- Please send me details.

"Samantha Slater" <SSLATER@epsa.org> on 07/05/2001 02:40:30 PM

To:   <Richard.Shapiro@enron.com>
cc:

Subject:  Re: Panel Moderator

Billy Stiles, Florida Energy 2020 Study Commission
Scott Smith, Wisconsin PSC
And I should know by tomorrow if someone from the Indiana URC (hopefully
Chairman McCarty) can join us.

Samantha

Samantha M. Slater
Manager of State & Regional Affairs
Electric Power Supply Association
1401 New York Avenue, N.W.
11th Floor
Washington, D.C.  20005
Phone: 202-628-8200
Fax: 202-628-8260
E-mail: sslater@epsa.org

>>> <Richard.Shapiro@enron.com> 07/05/01 03:38PM >>>

Who's on it?

"Samantha Slater" <SSLATER@epsa.org> on 07/05/2001 02:21:45 PM

To:   <rshapiro@enron.com>
cc:

Subject:  Panel Moderator

Would you be interested in moderating the panel on Competition in Wholesale
Power Markets at the State Issues & Summer Membership Meeting?  The panel
will be held on the morning of Wednesday, July 25th.

Just let me know.  Thanks!

Samantha

Samantha M. Slater
Manager of State & Regional Affairs
Electric Power Supply Association
1401 New York Avenue, N.W.
11th Floor
Washington, D.C.  20005
Phone: 202-628-8200
Fax: 202-628-8260
E-mail: sslater@epsa.org

 - Bio-Stiles.doc


Alert!
You are receiving this message because you have an unresolved invoice in your iPayit in-box that is past due.  It is critical that you login to iPayit and take immediate action to resolve this invoice.

Remember, you play an important role in ensuring that we pay our vendors on time.

Tip!:  You must login to the system to forward this invoice to another user.

To launch iPayit, click on the link below:
http://iPayit.enron.com
Note:  Your iPayit User ID and Password are your eHRonline/SAP Personnel ID and Password.

First time iPayit user?  For training materials, click on the link below:
http://isc.enron.com/site/doclibrary/user/default.asp

Need help?
North America: ISC Call Center at (713) 345-4727.
Europe: European Accounts Payable at +44-20-7783-7520.
Asia-Pacific: Sydney Accounts Payable at +61-2-9229-2336


This conference call is for a "status-check" on the Alberta pre-pay.

Both the US and Canada should call 1-888-422-7109
Participant code# 630795

Dial #0 at any time for operator assistance.


All of us are aware of the energy crisis confronting us, and the situation
might get a lot worse this summer.  PGE has taken actions to reduce energy
consumption, e.g., decreasing the amount of lighting within the building.

In the spirit of energy conservation, Chris Calger and I are asking that you
turn off your monitor(s) each day.  You do not need to log out of your
computers to do this--simply press the monitor off button.  If you have any
questions about how to turn off your monitor(s), check with Dave Steiner in
our IT Department.

Thanks for your cooperation.


I will be out of town.  Thanks for asking.  Mark


Mary

Received an email from you on 1/7, but there was no message.  Please try
again.

Phillip


Mary Hain has resigned her position with Enron.  Please remove her from all
your mail lists.

Thank you.

Lysa Akin
Gov't Affairs - Sr. Admin. Ass't.

	Enron Capital & Trade Resources Corp.

	From:  "JOHN MAAS" <JMAAS@LLGM.COM>                           03/20/2001
06:07 PM

To: Dale.Rasmussen@enron.com, Don.Hammond@enron.com, Mary.Hain@enron.com
cc: "ANDREA CHAMBERS" <AJCHAMBE@LLGM.COM>, "JOHN G KLAUBERG"
<JKLAUBER@LLGM.COM>, "THOMAS J. MOORE" <TMOORE@LLGM.COM>
Subject: LVCII Interconnection Agreement

Attached is a draft of the above, blacklined against the original draft we
received from Nevada Power.  This draft also reflects comments from Dale of
this evening.  Let me know if you need anything further at this time.  JM

John Maas
LeBoeuf, Lamb, Greene & MacRae
303-291-2614
jmaas@llgm.com

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.

 - LVIIIAbl.doc


Revisions for 6/1/2000 forward.  Sent on behalf of Bruce McMills

This it to nominate 8,450 mmbtu/d into Eastrans for 6/1.
Nominate 33,450 mmbtu/d into Eastrans for 6/2 forward.

Redeliveries will be made as follows:

8,450 from Fuels Cotton Valley (6/1)

25,000 into HPL CW 497 (6/2 forward)
8,450 from Fuels Cotton Valley (6/2 forward)

Duke residue sales:

6/1- 4,520 mmbtu/d
6/2- 8,190 mmbtu/d
6/3 forward - 5,105 mmbtu/d

William E. Speckels
05/26/2000 01:51 PM

To:   briley@enron.com, dfarmer@enron.com, stacey.neuweiler@enron.com
cc:   Michael R. Cherry/EastTexas/PEFS/PEC@PEC, Chad W. Cass/GCS/CEC/PEC@PEC,
      Julia A. Urbanek/GCS/CEC/PEC@PEC, Donna C. Spencer/GCS/CEC/PEC@PEC, John
      A. Bretz/GCS/CEC/PEC@PEC, Bruce McMills/FtWorth/PEFS/PEC@PEC
Subject:  Nomination 6/1/2000 - Eastrans

Revisions for 6/1/2000 on behalf of Bruce McMills:

This is to nominate 33,450 mmbtu/d into Eastrans effective 6/1/2000

Redeliveries will be made as follows:

25,000 into PG&E at Carthage
8,450 from Fuels Cotton Valley

Duke residue sales
6/1  4,520 mmbtu
6/2   5,690 mmbtu
6/3   5,105 mmbtu
---------------------- Forwarded by William E. Speckels/GCS/CEC/PEC on
05/26/2000 01:38 PM ---------------------------

Bruce McMills
05/24/2000 02:06 PM

To:   briley@enron.com, dfarmer@enron.com, stacey.neuweiler@enron.com
cc:   Michael R. Cherry/EastTexas/PEFS/PEC@PEC, Chad W. Cass/GCS/CEC/PEC@PEC,
      William E. Speckels/GCS/CEC/PEC@PEC, Julia A. Urbanek/GCS/CEC/PEC@PEC,
      Donna C. Spencer/GCS/CEC/PEC@PEC, Jim I. Fields/GCS/CEC/PEC@PEC, Stephen
      G. Martin/Transm/TETCO/PEC@PEC
Subject:  Nomination 6/1/2000 - Eastrans

This is to nominate 32,800 MMBtu/d into Eastrans effective 6/1/2000.

Redeliveries will be made as follows:

25,000 into PG & E at Carthage
  7,800 from Fuels Cotton Valley

Duke - residue sales = 4,520 MMBtu.


Please accept changes and print two execution copies.  Thanks.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 09:22
AM ---------------------------

	Enron de Mexico

	From:  Steve Irvin @ ECT                           12/20/2000 04:39 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Revised Amended and Restated Termination Agreement

Kay,

Do you know who signed on behalf on ENA on this agreement back in June, and
if so can you notify them that this needs to be signed again with the lone
amendment being the Counteparty to ENA on the original LOI was General
Electric Company, not GE Power Systems and GE Int'l.  Let me knwo if you have
any questions.

Steve

---------------------- Forwarded by Steve Irvin/HOU/ECT on 12/20/2000 04:34
PM ---------------------------
From: Peggy Banczak on 12/20/2000 04:19 PM
To: Steve Irvin/HOU/ECT@ECT
cc: rstephens@bracepatt.com, elopez@bracepatt.com
Subject: Revised Amended and Restated Termination Agreement

Steve:

Attached are both a black-lined and a clean version of the referenced
document which was revised upon receipt of a copy of the final version of the
Termination Agreement.


I've been notified that the California Commissioner has cancelled the meeting
with stakeholders that had been scheduled for this afternoon.  He'd scheduled
it to discuss what the order the Commission intends to issue on Thursday
might look like.  It signals, at this point, that the utilities continue to
have a difficult time reaching agreement with the administration.  Will get
back with more as it develops.

Jeff


Hey,

We just came back from a quick happy hour run with our old MD and now it is
back to work.  It looks like we will be here for a while and not be able to
join you but stop on by before you leave to head out.

Ted

Susan M Scott
08/29/2000 05:09 PM
To: Darren Maloney/Corp/Enron@ENRON
cc: Ted Noble/HOU/ECT@ECT
Subject: Raincheck

Hey Darren,

I haven't forgotten that I still owe you a birthday beer.  In fact, Ted was
kind enough to point out my failure to do so and add to my already heavy
feelings of guilt.  Anyway, I know you guys are working hard getting your
presentation ready, but if you need a break I'm planning on meeting a friend
at Kenneally's tonight for a little pizza and beer.  Let me know if you have
any interest in collecting...if not, you can just hold on to your raincheck
until another time.

Susan


Michael,

Sorry, I was out around the holidays.
I shall be glad to meet with you in the 1st week
of January. Please call me (3-3848) or my assistant,
Shirley Crenshaw, 3-5290.

Vince

Michael Guerriero@ENRON_DEVELOPMENT

12/20/99 02:31 PM

To: Vince J Kaminski@ECT
cc:
Subject: Argentina Modelling

I am responsible for our Argentina operation and would like to discuss some
modelling issues with you. Could you be available Wednesday for a meeting.

Thanks

MFG


**Clarification**

Harassment Prevention Training

This training is mandatory for all Enron employees employed since the last
seminar was conducted  in late 1998 or early 1999.  Those who have already
attended Enron harassment avoidance training will be offered a refresher
course in avoiding and preventing harassment.

To contribute our personal best at ENRON, our conduct must promote respectful
and co-operative work relationships. Workplace harassment conflicts with
ENRON's vision and values and violates Company policy.  Harassment also can
violate federal and state laws.  By understanding what harassment is and its
potential harm, we can prevent it in our workplace.

During this training you will:

 Be able to recognize harassment
 Learn to take precautions against being harassed
 Learn to avoid being considered a harasser
 Know how to address a situation involving harassment
 Learn how harassment prevention is consistent with ENRON values

Please click here (  )  to sign up for the session of your choice.    If you
have problems registering or have any questions, please call 713 853-0357.

We are pleased to announce that all employees of EWS and EES will receive
harassment prevention training.

The dates and times available for the sessions are:

 Friday, Feb 23; 1:00 - 2:30; 2:45 - 4:15
  Monday Mar 5; 1:00 - 2:30; 2:45 - 4:15; 4:30 - 6:00

All training sessions will be held in the LaSalle Room at the DoubleTree
Hotel.
There is a $50 charge for each attendee in the training session.


FYI - The details below take care of the Hess "sharing arrangement" that we
discussed yesterday.  --Sally
---------------------- Forwarded by Sally Beck/HOU/ECT on 02/01/2001 10:12 AM
---------------------------

Jeffrey C Gossett
01/31/2001 07:10 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Hess Annuity

FYI....
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 01/31/2001
07:09 PM ---------------------------

Errol McLaughlin@ENRON
01/31/2001 06:52 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Hess Annuity

Jeff,

Deal QN2026.1 (EOL 803898) was booked on 01/24/2001 -  Enron Buys 15000/d
Feb. 01 at 6.90.  Deal QN2004.1 is a duplicate of this deal.  Deal QN5772.1
was booked on 01/25/2001 - Enron Sells 15000/d Feb. 01 at 7.115.  The booking
of QN5772.1 generated positive revenue of $90,300.  Annuity deal QN2026
paying Hess $45,143 was booked tonight.

Thanks,

Errol


John:

I could be wrong about what I think Loretta's doing so make sure that
somebody verifies before you pass on what I've said.  Could be totally wrong;
but hope I'm right.

Best,
Jeff
------Original Message-----
From: Wong, John S. [mailto:jsw@cpuc.ca.gov]
Sent: Wednesday, July 18, 2001 10:11 AM
Subject: ACR Inviting Comment On DWR/CPUC Proposed Rate Agreement

Attached is an assigned Commissioner ruling (ACR) inviting comment on the
proposed rate agreement between the California Dept. of Water Resources and
the California Public Utilities Commission.  Interested parties may file
comments with the Docket Office on or before August 1, 2001.

Please note that there are three attachments to the ACR. Attachment A, the
proposed rate agreement, is being forwarded to you as a separate PDF
document.  Attachment B, the relevant Water Code sections, is contained in
the body of the attached Word document.  Attachment C is the two page letter
from the DWR, the Dept. of Finance, and the Treasurer's Office to President
Lynch dated July 2, 2001.  Attachment C was previously distributed to the
A.00-11-038 et al service list in the Chief ALJ's ruling dated July 5, 2001.
Today's ACR and all three of the attachments can also be accessed at the
CPUC's web site.

<<A0011038 Lynch Ruling.doc>>

John S. Wong
CPUC - ALJ
(415) 703-3130

 - A0011038  Lynch Ruling.doc


See attached files


this sucks....can't nom until the internet's up

how much would someone have s**t bricks if'd i'd made the same request....actually, the thought of that email response (or lack thereof) is making me laugh right now.


Melissa,

Can you take care of the below?  If you have any questions about what we did
in the past, let me know.  Otherwise, Sara has you covered.

Thanks,
Joe

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 06/26/2000
08:41 AM ---------------------------
From: Sara Shackleton on 06/26/2000 08:33 AM
To: Larry Joe Hunter/HOU/ECT@ECT
cc: Chris H Foster/HOU/ECT@ECT
Subject: Confirm for Power Swap

Joe:  Attached in draft form is a transaction that Chris Foster may do with
Arco today.  His number in Portland is 834-3822.  I'm not certain about
credit and "ECT" will have to change to "ENA".  Let's keep in touch.
Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 06/26/2000 08:31 AM -----

	Chris H Foster
	06/26/2000 08:20 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Confirm for Power Swap

---------------------- Forwarded by Chris H Foster/HOU/ECT on 06/26/2000
08:24 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "David K. Dyck" <DDYCK@mail.arco.com>
06/23/2000 11:03 AM

To: cfoster@enron.com
cc: MWOODWA1@mail.arco.com, "James Wong" <JWONG@mail.arco.com>, Heynst@bp.com
Subject: Confirm for Power Swap

Chris, I've attached a simplified confirm based on our prior May, 1999
version.
The only change in the new draft is to represent the fact that we are now
using
only firm energy rather than a blend of firm and nonfirm. As a result volume
weighting should only apply on holidays and Sundays when on-peak and off-peak
values may need to be weighted in with 24-hour firm values.

On a related issue, how quickly could you have a corporate guarantee
available?

Dave

(See attached file: Enron_Confirm062300.doc)

 - Enron_Confirm062300.doc


http://www.rtumble.com/

The attached website is a terrific way to monitor the latest happenings on
CA, both on energy and politics.  I meant to send it to you earlier.

Pat


Good job, Jane and team.  mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 06/02/2001
09:14 ---------------------------

Neil McGregor@ENRON_DEVELOPMENT
06/02/2001 08:50
To: Jane Wilson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajesh
Sivaraman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Steven J
Kean/NA/Enron@Enron, Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Akshay
Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: MSEB tariffs. The final Cost-of-Service model for 1999-2000

This is brilliant Jane and team. I would like to build a database in DPC to
keep this rate filing type info in. Can you in the meantime put in other
columns of info such as number of consumers and the amount of billing for
each group. This would give us another angle. Jane lets discuss with IT the
set up of a database to house this and other info. Can you arrange with
Sevina and Raghulan.
Neil

Jane Wilson
02/06/2001 01:32 PM
To: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mohan
Gurunath/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rajesh
Sivaraman/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jimmy
Mogal/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mukesh
Tyagi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sanjeev
Khandekar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Schroeder@ECT, Steven J
Kean/NA/Enron@Enron
cc: Ban Sharma/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Akshay
Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amr
Ibrahim/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Heidi
Hellmann/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, K
Seethayya/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: MSEB tariffs. The final Cost-of-Service model for 1999-2000

An additional complementary tariff study was developed by Amr Ibrahim and
B.A.N. Sharma with assistance from Akshay Singh regarding the MSEB tariffs --
a traditional cost of service study.  This study is for 1999-2000 and
allocates MSEB's revenue requirements to the various customer classes based
on their cost of service.  In this case, you can see the difference between
the allocated average cost and the actual average realisations from the
tariffs as they are today, which gives you an idea of the basic tariff
rationalisation that must occur to remove the unreasonable cross subsidies.
(Note: because of the paucity of data from MSEB, the team used the same load
factor assumptions used in the Andhra Pradesh cost of service study.)


Anne: It was great to see you, you look great and seem happy. I hope all goes
well for you in the year to come. BT


Below are the times for the O&M/Capital Review with Stan scheduled for Wednesday, September 5, 2001 in EB49C2.

Commercial			8:30 - 9:30 AM

Gas Logistics			9:30 - 10:00 AM

Information Technology		10:00 - 10:30 AM

Operations			10:30 - 11:30 AM

Northern Border Pipeline		11:30 - 12:30 PM

Legal, HR, Reg Affairs		12:30 - 1:00 PM

F & A				1:00 - 1:30 PM

If for some reason there is a problem with your appointed time please send Tracy Geaccone or myself an email.

Thank You,
Kathy Campos


Just a couple of comments and questions:

Is it appropriate to refer to these as "US" transactions since the prices are
clearly from outside the US?  I recognize that ENA is the counterparty but I
think this may be confusing to our customers.

The term Business Day should be capitalized (it's defined in the GTC) [but
it's defined with reference to NY & Houston banks being open - does that work
for pulp transactions?].

I'm not thrilled with the language for the last ten days of the contract
period on the Pulpex description - is that what we use for current
confirmations?

In the definition of the Index for the Finnish product, the word "relevent"
should be deleted.

Dale Neuner on 01/25/2000 03:45:55 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: New Pulp Products

Mark

We have created two new Pulp Products, on based on the PIX, one the Pulpex.
PLease review and offer comments/approval.


please make changes.

 -----Original Message-----
From: 	Melodick, Kim
Sent:	Monday, August 13, 2001 11:53 AM
To:	Cash, Michelle; Sweet, Twanda
Cc:	Joyner, Tamera
Subject:	Employment agreement change requested

Please adjust Edith Cross's employmemt agreement draft to have the options struck in November 2001.  Please prepare an executable once this change has been reflected. Thanks!


-----Original Message-----
From: 	"SoRelle, Andrea L" <ASoRelle@h-s.com>@ENRON [mailto:IMCEANOTES-+22SoRelle+2C+20Andrea+20L+22+20+3CASoRelle+40h-s+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Tuesday, May 29, 2001 11:24 AM
To:	'Anne'; 'Brad'; 'Caroline'; 'Elizabeth Bowen'; 'k. nelson'; 'kara k'; 'Karen'; 'Marcy'; 'MATTOSO, ANGELA'; 'Molly'; 'rachela@rwr.com'; 'SAM'; 'Shirley Elliott'; 'Tara Levinthal'; 'Tdillee@aol.com'; 'temple_denison@nyc.yr.com'; Pechersky, Svetlana; Cohlmeyer, Lisa M; Singerling, Angela; Leonard, Della; Lenhart, Matthew
Subject:	FW: FW: Do this, it's hilarious!

-----Original Message-----
From: elizabeth caldwell [mailto:caldwell_elizabeth@hotmail.com]
Sent: Thursday, May 24, 2001 9:30 PM
To: akopalka@yahoo.com; BWettman@golinharris.com; kymtrobb@hotmail.com;
m_beery@hotmail.com; krisrk00@hotmail.com
Subject: Fwd: FW: Do this, it's hilarious!

I don't believe in tricks but this is pretty funny

> > > > READ ALL THE WAY TO THE END-THERE'S A TRICK TO IT.
> > > >
> > > > Finally a Barbie I can relate to!
> > > >
> > > > At long last, here are some NEW Barbie dolls to coincide with her
and
> > >OUR
> > > > aging gracefully. These are a bit more realistic...
> > > >
> > > > 1. Bifocals Barbie. Comes with her own set of blended-lens fashion
> > >frames
> > > > in six wild colors (half-frames too!), neck chain and large-print
> > >editions
> > > >
> > > > of Vogue and Martha Stewart Living.
> > > >
> > > > 2. Hot Flash Barbie. Press Barbie's bellybutton and watch her face
> > turn
> > > > beet red while tiny drops of perspiration appear on her forehead.
> > > > Comes with handheld fan and tiny tissues.
> > > >
> > > > 3. Facial Hair Barbie. As Barbie's hormone levels shift, see her
> > >whiskers
> > > > grow.
> > > > Available with teensy tweezers and magnifying mirror.
> > > >
> > > > 4. Flabby Arms Barbie. Hide Barbie's droopy triceps with these
new,
> > > > roomier-sleeved gowns. Good news on the tummy front, too-muumuus
with
> > > > tummy-support panels are included.
> > > >
> > > > 5. Bunion Barbie. Years of disco dancing in stiletto heels have
> > >definitely
> > > > taken their toll on Barbie's dainty arched feet. Soothe her sores
> with
> > >the
> > > > pumice stone and plasters, then slip on soft terry mules.
> > > >
> > > > 6. No-More-Wrinkles Barbie. Erase those pesky crow's-feet and lip
> lines
> > > > with a tube of Skin Sparkle-Spackle, from Barbie's own line of
> > exclusive
> > > > age-blasting cosmetics.
> > > >
> > > > 7. Soccer Mom Barbie. All that experience as a cheerleader is
really
> > >paying
> > > > off as Barbie dusts off her old high school megaphone to root for
> Babs
> > >and
> > > > Ken, Jr. Comes with minivan in robin-egg blue or white and cooler
> > filled
> > > > with doughnut holes and fruit punch.
> > > >
> > > > 8. Mid-life Crisis Barbie. It's time to ditch Ken. Barbie needs a
> > >change,
> > > > and Alonzo(her personal trainer) is just what the doctor ordered,
> along
> > > > with Prozac. They're hopping in her new red Miata and heading for
the
> > >Napa
> > > > Valley to open a B&B. includes a real tape of "Breaking Up Is Hard
to
> > >Do."
> > > >
> > > > 9. Divorced Barbie. Sells for $199.99. Comes with Ken's house,
Ken's
> > >car,
> > > > and Ken's boat.
> > > >
> > > > 10. Recovery Barbie. Too many parties have finally caught up with
the
> > > > ultimate party girl. Now she does Twelve Steps instead of dance
> steps.
> > > > Clean and sober, she's going to meetings religiously. Come with a
> > little
> > > > copy of The Big Book and a six-pack of Diet Coke.
> > > >
> > > > 11. Post-Menopausal Barbie. This Barbie wets her pants when she
> > sneezes,
> > > > forgets where she puts things, and cries a lot. She is sick and
tired
> > of
> > > > Ken sitting on the couch watching the tube, clicking through the
> > >channels.
> > > > Comes with Depends and Kleenex. As a bonus this
> > > > year, the book "Getting In Touch with Your Inner Self" is
included.
> > > >
> > > >
> > > > If you forward to 11 people a video comes on your screen. This
works.
> I
> > > > don't know how...but it works This is the coolest thing I've ever
> > >gotten!
> > > > All you have to do is send it to 11 people and this little video
> comes
> > >up
> > > > on your screen and shows the funniest clip. I can't tell you what
it
> is
> > >but
> > > > I was laughing so hard! So spend a few seconds to send this and
> you'll
> > >be
> > > > glad
> > > > you did!
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> > > >
> >
> > _________________________________________________________________
> > Get your FREE download of MSN Explorer at http://explorer.msn.com
> > clear=all>
  _____

Get your FREE download of MSN Explorer at > >
href="http://explorer.msn.com">http://explorer.msn.com

> >
> > _________________________________________________________________
> > Get your FREE download of MSN Explorer at http://explorer.msn.com
> >
> >
>
--------- End Original Message ---------
--------- End Original Message ---------


Both of these below trades are trades that Credit should have approved.

However, our exposure with IP is over $21mm and we don't have a signed ISDA contract.  I think the analyst (Darren Vanek) was trying to get the attention of Craig Breslau to make it a priority to get the document finalized.  This is an ongoing discussion with Craig and we are seeing little progress.  I can't believe this would have an impact on our relationship with the customer.

The USX trade should have been approved but Darren was probably swayed by our position on an EIM prepay transaction with US Steel where we are requiring the risk to be pre-syndicated.

Darren is a young aggressive analyst which I believe is doing a good job trying to support Fred's team but with more experience will learn where to be more flexible.

Fred's team likes to push the envelope on Credit. In isolation we will probably be okay but in the context of the growing portfolio of deals it will be increasingly harder to manage our risks.

I think this issue has already been resolved.  Let me know if you would like to discuss.
Bill

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, September 04, 2001 2:28 PM
To:	Bradford, William S.
Subject:	Credit

All of a sudden (and without prompting - before you ask) I am hearing a lot of noise surrounding Jay Williams and Darren Vanek (?) including a couple of transactions (small but big customers - like International Paper) where the customer is getting very upset as we have refused to do one month deals with them.  Also USX felt the same and we are persuing deals with them too.  Can you look into this for me?  It may be OK but it might be a little over zealous.

Noise from East Gas and Lagrasta's groups

Thanks

Louise

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


Sorry about this.  Here is the right addresses for AES

AES Pacific, Inc.
100 Pine Street, Suite 3300
San Francisco, CA 94111


Contact information for Sachin:

sachin.gandhi@rweamericas.com

(713) 257-9542


Richard,

Please make sure that Paul see's the invoice.  After Paul approves it, I can sign it too.

Thanks, Kim.

 -----Original Message-----
From: 	Hanagriff, Richard
Sent:	Friday, February 01, 2002 12:06 PM
To:	Brown, Elizabeth; Blair, Lynn; Dietz, Rick; Buchanan, John; Mulligan, Amy; Brown, Elizabeth; Lokay, Michelle; Harris, Steven; Watson, Kimberly; Y'barbo, Paul
Subject:	RE: Transwestern Capacity Release - ENA/Burlington

To all

Amy Mulligan and I will discuss payment procedures and Debbie Moseley and I will discuss coding.
However, before a payment or coding changes or etc are done,  I would like to have someone preapprove payments that TW will be sending to ENA.

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Friday, February 01, 2002 11:12 AM
To:	Hanagriff, Richard
Cc:	Mulligan, Amy; Lokay, Michelle; Y'barbo, Paul; Dietz, Rick
Subject:	RE: Transwestern Capacity Release - ENA/Burlington
Importance:	High

Richard,

What process needs to be followed in order to request a payment to be made to ENA per the terms of the agreement negotiated with Marketing when capacity is released on their behalf?  Please let everyone in the distribution know so they can follow these same procedures for next month as well.

Additionally, do we code the marketing fee revenues to a different account from the transportation revenues and how?

Thanks,
Elizabeth

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Thursday, January 10, 2002 2:02 PM
To:	Mulligan, Amy; Hanagriff, Richard
Cc:	Lokay, Michelle
Subject:	FW: Transwestern Capacity Release - ENA/Burlington
Importance:	High

FYI - When January 2002 invoices are run, please be advised that a manual adjustment will need to occur on ENA's contract 24924.  The deal was structured whereby TW would receive a marketing fee equal to 50% of the rate negotiated in excess of the original contracted rate between ENA and TW; the other 50% goes to ENA.

Here's the basics:
ENA's contract with TW is at a daily rate of $0.0600 (one-part)
The release to Burlington is at a daily rate of $0.0650 (demand only plus applicable commodity and fuel based on usage)
TW will bill Burlington through normal course of business (reservation of $34,125 [$0.0650 x 25,000 x 21days] plus applicable commodity fees)
ENA demand invoice will need to be adjusted so that they only receive a capacity release credit of $32,812.50  [($0.0650 - $0.0025) x 25,000 x 21days]
TW will need to book marketing fee revenues of $1,312.50 [$0.0025 x 25,000 x 21 days]  (Richard - do we need/have a separate account for these revenues??)

Michelle - I know you indicated that ENA is looking to get a payment of $1,312.50 for their portion of the incremental fee charged.  However, we will need to discuss further.  The invoice that will be generated to ENA will not represent a credit due them since we would still be billing them for the first 11 days prior to this release.

We can discuss further when the billing cycle approaches.  If you have any questions, please let me know.

Elizabeth

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Thursday, January 10, 2002 10:27 AM
To:	Brown, Elizabeth; Giambrone, Laura; Hernandez, Bert; McEvoy, Christine; Miller, Beverly; Miller, Christopher; Minter, Tracy; Mulligan, Amy; Ward, Linda; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Watson, Kimberly; McConnell, Mark; Y'barbo, Paul; Blair, Lynn; Buchanan, John; Kowalke, Terry; Cherry, Paul; Doll, Jeanette
Cc:	Dietz, Rick; Lee, Dennis; Eldridge, Dale; Williams, John
Subject:	RE: Transwestern Capacity Release Report for the period 1/1/2002 - 12/31/2003

As promised, please find the attached TW Capacity Release Report which has been revised to include a release from ENA to Burlington effective 1/11/02 - 1/31/02.  Let me know if you have any questions.

 << File: TW0102P.XLS >>

Thanks,
Elizabeth

 -----Original Message-----
From: 	Brown, Elizabeth
Sent:	Monday, December 31, 2001 12:59 PM
To:	Giambrone, Laura; Hernandez, Bert; McEvoy, Christine; Miller, Beverly; Miller, Chris L; Minter, Tracy; Mulligan, Amy; Ward, Linda; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; Watson, Kimberly; McConnell, Mark; Y'Barbo, Paul; Blair, Lynn; Buchanan, John; Kowalke, Terry; Cherry, Paul; Bianchi, Rita
Cc:	Dietz, Rick; Lee, Dennis; Eldridge, Dale; Williams, John
Subject:	Transwestern Capacity Release Report for the period 1/1/2002 - 12/31/2003

Attached is the Transwestern Capacity Release Report that lists all capacity release transactions for the period effective 1/1/2002.  All transactions were awarded at 100% of the applicable maximum tariff rates.

I have also been advised by Marketing that another posting may occur for January 2001 (partial month) but nothing has been finalized.  I will send an updated file if necessary.

If you have any questions, please feel free to contact me.

 << File: TW0102P.XLS >>

Thanks,
Elizabeth


"To protect taxpayer money from being devoured by these savvy private traders in the early days of California's power-buying binge, state officials turned to a technique called "sleeving." They used Lee's old Long Beach firm, Mieco Inc., and Allegheny Power to camouflage the state's identity as the buyer."

Chaos,Inexperience Hobbled Power Buyers
State electricity purchasers often finished second against veteran industry traders.
By DARYL KELLEY and JEFFREY L. RABIN
Times Staff Writers

August 12 2001

It was the night before the darkest day of the winter energy crisis, when California's first wave of rolling blackouts paralyzed cities from Bakersfield to Eureka.

Davis administration strategists were huddled in a Sacramento office that January evening, trying to figure how to keep the lights on, when a speeding tractor-trailer slammed into the Capitol like a runaway train.

"I looked out the window and saw the flames and the smoke rising," said Ray Hart, head of the energy planning team. The symbolism was not lost on him.

The next day, with the state's electricity supply on the line and the governor's political career on the blink, Hart was called on to create an organization that overnight would become the biggest power buyer in the West, purchasing electricity for 10 million customers whose utilities were going broke.

Now, seven months and billions of dollars later, the administration is under fire for paying top dollar for a cadre of inexperienced traders who at times have been exploited by veterans in the cutthroat energy industry. Even Gov. Gray Davis acknowledges the mismatch.

"It's like the Yankees playing a stickball team," he said in a recent interview. "We're totally out of our league."

The administration's new long-term contracts also have been criticized for paying too much for power that may not be needed in the future.

Making matters worse, nearly a dozen consultants hired by the administration owned stock in energy companies--a fact revealed only after they were belatedly asked to file personal financial statements. Five were hastily fired, and the federal government is investigating possible insider trading violations.

"How an agency could forget conflict-of-interest codes, or ignore them, is beyond me," said Doug Heller of the Foundation for Taxpayer and Consumer Rights in Santa Monica. "This is the way people lose faith in government."

Hart said it never occurred to him that consultants and buyers in his vastly broadened organization should file declarations of financial interest until requests for the information rolled in, including one from Davis' Republican political rival, Secretary of State Bill Jones.

Amid all the controversy of recent days, Hart said, the efforts of his staff in helping to avoid blackouts so far this summer have been overshadowed.

"Frankly," said Hart, a veteran administrator with the state Department of Water Resources, "it's kind of disconcerting we aren't getting the credit we should be getting."

Patching Together a Team on the Fly

The state's new energy-buying organization was a beg, borrow and recruit operation. A core group already was working in the Department of Water Resources to buy power for the massive canal pumps of the State Water Project.

The agency received an immediate infusion of $22 million to create its expanded trading arm of 88 employees and consultants.

On the fly, Hart patched together a team of retired state energy buyers, workers from a closed energy exchange and analysts from Pacific Gas & Electric, Southern California Edison and the energy industry.

Many were hired to buy electricity on the spot market after repeatedly calling power companies throughout the West to negotiate prices. Then they needed to schedule its use on a statewide monitoring system that reflects supply and demand.

From the start, the administration said it would pay higher wages than usual to attract talented traders who could hold their own against wily veterans at private energy marketing firms.

"Energy trading and purchasing is a very complex business with millions of dollars of energy purchased every day," a state budget document said. "It is important to recognize the level of risk and the high level of expertise that is necessary to effectively manage that risk and operate the program effectively. Professionals in this business are highly compensated."

Power buyer William Mead was among the first to get the call in early February.

"They said, 'Can you be up here Tuesday?' " said Mead, a 55-year-old former Edison engineer from Duarte. "I said, 'For a job interview?' And they said, 'No, bring enough stuff for several months.' "

They told him to bring his last paycheck and a resume, Mead said. He worked six weeks, he said, before he finally got a contract to sign.

"In those early days it was chaos because we were always at Stage 2, on the verge of blackouts," he said. "There was no focus other than to keep the lights on." One day, Mead said, he bought 10% of all power consumed on the state's electricity grid during his 12-hour shift.

But, unlike Mead, most of the new crew had never bought power before, according to their resumes. Most worked at the now-defunct California Power Exchange, an energy trading floor similar to a stock market, reconciling sales and purchases made by others. Before that, one worked at a freight-forwarding company in Carson and another ran China Noodle House in Arcadia.

Energy industry insiders said they have spotted a series of rookie moves by the new group.

"They're just buying too much or buying too little or buying too much too fast," said Mark Palmer, spokesman for Houston-based Enron Corp., one of the nation's largest energy marketers. "It's like someone who flies a kite one day, and then is told to go fly a 747 the next."

One veteran said the state traders lack the practiced subtlety that experience brings. "You don't just come out to someone and say, 'What's your price?' and then pay it. But that's what some of them have done."

A senior analyst at a California firm that sells power to the state traders said, "The word I get from our traders is that a lot of them have made a lot of money off them."

Palmer said California, for the salaries it's paying, could have done better.

A particular lightning rod for criticism is the $480,000, two-year contract of chief trader Susan T. Lee, 30, who was hired in April for $120 an hour.

With barely a year's experience in the energy industry, she leads a 16-person crew that buys electricity the day before it's needed or for nearly immediate use. State records show that Lee was paid more than $30,000 a month, including overtime, as she began her new duties.

"That lady's got one year's experience, and she's getting 500 grand," Palmer said. An experienced trader in private industry, he said, might make $80,000 to $120,000 in a good year, plus bonuses.

"She's certainly making double what I am, but she's worth it," said Hart, who has spent two decades as a bureaucrat at the once-obscure Department of Water Resources.

Although Lee could not be reached for comment, Hart said her short tenure in the industry must be judged by the reality of today's evolving trading market. California energy deregulation began only in 1996, and energy trading has changed enormously in just the last year, he said. "I would argue that somebody who has been involved and engaged for the last year has as much value as anybody [regardless of experience]."

Lee's team members, meanwhile, have been signed to lucrative short-term contracts worth a maximum of $15,000 to $21,000 a month, including housing, rental cars, per diem pay and flights home on days off. State records show that many traders have actually received only about half that maximum amount.

One industry trading manager said he knew nearly all of the new state traders from their work at the Power Exchange. He said several had applied to him for a job after the exchange closed in January but he didn't think they were qualified.

Some traders acknowledge feeling overmatched against veterans of the industry and have had to learn on the job how to compete.

"They know more than me; they've seen it all," said state trader Bernard Barretto, a Navy electronics technician before he got a job at the Power Exchange in 1998.

In their own defense, the traders also said they had virtually no leverage in their early months because power reserves were so depleted that they had to buy no matter the cost.

"Our job was to buy whatever we could buy," former trader Elaine Griffin said. "California was truly a captive market."

Hart says the relative inexperience of his traders hardly matters because they follow strategies devised by higher-ups.

"Do the [traders] go out and start the deal? Yes," Hart said. "Do they cut the final deal? No."

Far from the trading trenches, the governor sees things differently. The trading arms of companies such as Enron far surpass that of the Department of Water Resources, he said.

"These are very sophisticated operations," Davis said. "They have several meteorologists and banks of media people."

To protect taxpayer money from being devoured by these savvy private traders in the early days of California's power-buying binge, state officials turned to a technique called "sleeving." They used Lee's old Long Beach firm, Mieco Inc., and Allegheny Power to camouflage the state's identity as the buyer.

The technique also allowed California to buy power from companies that had questioned whether the state would pay its bills.

Some traders, however, saw through the guise. The volume of energy being bought on the market by Mieco and Allegheny was the tip-off that California had weighed in.

"I knew it, and I'm pretty sure the rest of the traders out there know about it, too," said one trader, who like others, asked not to be named because he still trades power with the state. "But it worked for a while. It helped keep the short-term prices down."

Controversy Over Stock Holdings

The state traders were powerless, however, to protect themselves.

Just as they were settling into their new jobs, and energy prices were falling, the administration was stung by the disclosures that 11 of its traders and consultants owned energy stocks. The governor ordered them to divest the holdings within hours or be fired.

Five were ousted anyway because they had previously bought power for the state from a firm--San Jose-based Calpine Corp.--in which they had owned stock.

The highest-ranking of them was former Sacramento utility executive Richard Ferreira, who was hired on a $500,000 contract in January to negotiate long-term power contracts.

The four others were the veteran Mead and three younger buyers: Herman Leung, Constantine Louie and Peggy Cheng. Elaine Griffin, who had resigned just days before the firings, also held Calpine stock while trading for the state.

Most of the traders, who had worked together at the Power Exchange in Alhambra, said they bought the stock before they went to work for the state and had never been warned that ownership was a problem. They said no one asked if they even held any energy shares.

Mead said traders on his state team--such as Cheng, Leung and Louie--had no ability to influence Calpine's stock price because their purchases of the company's electricity were infrequent and small.

Mead said he had openly touted Calpine stock to his colleagues because he'd made so much money on it. He said his investments of $20,000 in 1999 and $134,000 last fall brought him about $400,000 when he was ordered to sell last month.

"You want to know how I picked Calpine?" he said. "Investor's Business Daily has a system for selecting stocks, and Calpine showed up on its list of stocks with strong potential."

Leung said he rarely dealt with Calpine and bought his $2,000 worth of shares on Jan. 22, while still at the Power Exchange, which had a conflict-of-interest policy barring ownership of energy stock.

"I didn't know I would have an opportunity like this at the time," Leung said of his briefly held state job. "I bought it just because I'm interested in the market all the time. I follow it."

Today, shipped back home from their rented apartments outside Sacramento, the fired traders see themselves as victims of Davis' effort to fend off further criticisms of his handling of the energy crisis.

They bristle at the fact that Davis has not required some of his most influential private advisors to file the kind of disclosure statements that led to their firings.

"The big boys, the ones hiding behind the right not to disclose, those are the ones that ought to be drawing attention," Mead said. "They're the ones who knew how things worked."

___
Times staff writer Nancy Vogel in Sacramento contributed to this story.
For information about reprinting this article, go to <http://www.lats.com/rights/register.htm>


I liked the new signs for the new hire network this morning, as opposed to
the signs for new hire orientation.  Just wanted to let you know that I
noticed the difference!  I will be curious to hear about changes to the
content as well.

Hope your are doing well.  We will have to have lunch after you get through
January!  --Sally


Start Date: 1/22/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012216.txt


I don't think the "sensitivity classes" are having the desired effect on
Keith....

---------------------- Forwarded by Jeffery Fawcett/ET&S/Enron on 01/04/2001
06:09 PM ---------------------------

"Keith McCrea" <KMCCREA@SABLAW.COM> on 01/04/2001 06:01:45 PM
To: <alfredo.huertas@enron.com>, <bgaillar@enron.com>, <jdasovic@enron.com>,
<jfawcet@enron.com>, <kpurbhoo@enron.com>, <susan.scott@enron.com>,
<thamilto@enron.com>
cc:

Subject: Re: CGT Gas Accord II Team

The meetings next week conflict with workshops scheduled by the CPUC on
interruptible customer issues and it is doubtful that anyone from CMTA will
be in attendance. Suggest that meetings on Gas Accord be postponed till Feb
when hopefully we will have a better idea whether PG&E still exists.

>>> "Lindh, Frank (Law)" <FRL3@pge.com> 1/4/01 3:49:37 PM >>>

   CONFIDENTIAL SETTLEMENT DOCUMENT
   PER CPUC RULE 51

ALL INTERESTED PARTIES:

This is a reminder that PG&E will hold the first Gas Accord II Workshop of
the new year on Wednesday and Thursday, January 10 and 11.  The workshop
will be held at PG&E headquarters in San Francisco, 77 Beale Street, in
Conference Room 300.

Our objective for this workshop is to review and explain PG&E's
comprehensive settlement proposal, which was distributed by e-mail on
December 21, 2000, to those parties who have explicitly agreed to abide by
CPUC Rule 51.

If you did not receive a copy of the December 21 transmittal and would like
one, please complete the attached Rule 51 form and return it by e-mail to
Frank Lindh (frl3@pge.com) and Geoff Bellenger (gjb2@pge.com), or by FAX to
Geoff at 415-973-0881.

Because we will be discussing the substance of PG&E's settlement proposal at
next week's workshop, any party who wishes to attend will be required to
have completed the Rule 51 form.  (Please note, if you received our December
21 transmittal, then that means PG&E has your Rule 51 form on file, so there
is no need to fill it out again.)

Also attached below is a proposed Agenda for next week's workshop.  We will
start the sessions at 9:30 a.m. on Wednesday and at 9:00 a.m. on Thursday.
We will provide coffee and juice in the morning, and lunch each day.

If you do plan to attend next week's workshop, we request that you please
confirm your attendance, so that we can get a headcount for the food and
drink orders.  Please e-mail a response to Darcy Morrison (D2Mr@pge.com), or
telephone Darcy at (415) 973-6644.

We look forward to seeing you next week and having a productive discussion.

Frank Lindh    Ray Williams
415-973-2776    415-973-3634
frl3@pge.com    rdw0@pge.com

 <<Gas Accord II Information Form.doc>>  <<Agenda 1-10&11-01 Workshop.doc>>

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

The information contained in this message from
Sutherland Asbill & Brennan LLP and any attachments
is confidential and intended only for the named
recipient(s).  If you have received this message
in error, you are prohibited from copying,
distributing or using the information.  Please
contact the sender immediately by return email
and delete the original message.


Dona,

Lets go with Sat. Lunch.  How about 1:00pm, or would early be better???

Yes, I remembered that Lilly was coming for visit in March -- thanks for letting know the exact date.

We must get together just the girls, as well as trying to see if Basil could join us for dinner, along with David & Steve.

Susan.

-----Original Message-----
From: Dona.Carmony@ourclub.com [mailto:Dona.Carmony@ourclub.com]
Sent: Thursday, March 07, 2002 1:18 PM
To: Bailey, Susan
Subject: Re: Weekend

I just got back in from Austin.We had our National Sales Meeting. I just
got back in last night.  Why don't we do lunch on Sat or Sun. ? Let me know
what day works best for you. Thanks. Don't forget, Lilly flys in on
3/15/02!