FYI.   Commentary that calls George W. Bush to task for not getting more
competition into the electricity markets.

Jim

----- Forwarded by James D Steffes/NA/Enron on 02/06/2001 08:06 AM -----

	"PennFuture" <pennfuture@pennfuture.org>
	02/05/2001 03:33 PM
	Please respond to "PennFuture"

		 To: <Undisclosed-Recipient:@mailman.enron.com;>
		 cc:
		 Subject: PennFuture's E-cubed - Breaking Out of the Box

PennFuture's E-cubed is a commentary biweekly email publication  concerning
the
current themes and trends in the energy market.

February 5, 2001
Vol. 3, No. 3

Breaking Out of the  Box

Two weeks after his inauguration, President Bush's  electricity policy is
already
emerging from the crucible of California and is  characterized by obedience to
free market ideology and a federalism that  confines the federal government
to a
limited, backseat role.

We are  told that California's crisis is an isolated event, the result  of
California's unique mistakes. In this view, the federal government  neither
contributed to the crisis nor has a major role to play in solving it.
Wholesale
market caps at any level are declared to be an inappropriate  intrusion into
free
markets that can only make things worse. Moreover, the  appointment of Curt
Hebert as the new Chairman of the Federal Energy  Regulatory Commission (FERC)
signals that FERC will not assert itself to  ensure that wholesale electricity
markets are genuinely competitive and that  the principles of open access and
comparability are more than legal fictions.  Finally, environmental
regulation is
fingered as a primary obstacle to  adequate supplies and reasonable prices.

This emerging policy begins with  a misdiagnosis. In fact, the mess in
California
and the West has roots in  huge policy mistakes made by both the state and
federal governments. One such  federal mistake was a 1995 FERC decision that
blocked a competitive  solicitation for 1400 megawatts of new generation in
California. Skyrocketing  retail electric prices in more and more states due
to
wholesale market  failure will soon make clear to all that the nation's
electricity
problems  start in Washington DC with failed wholesale market policies. The
hot
seat  will then shift from Governor Gray Davis to federal officials and it
will  become
apparent that strict obedience to free market ideology or a limited  role for
federal authority will not?cure?past mistakes in electric  policy.

President Bush inherits an America where wholesale electricity  markets are
isolated and dysfunctional - ticking time bombs planted beneath  his
Presidency.
The fuses on these bombs were lit with the passage of the  Energy Policy Act
(EPACT) in 1992, which deregulated the price of generation  in the wholesale
electric market but left FERC with the job of creating a  genuinely
competitive
wholesale market which would restrain prices through  competitive pressures.

But neither FERC nor Congress has ensured the free  movement of electricity in
interstate commerce or workably competitive  markets since the passage of
EPACT.
Market power abuses are rife, and most  parts of the country don't even have
the
benefit of an independent system  operator to ensure nondiscrimination and
open
access to the transmission  grids. Even so, FERC will not compel formation of
or
utility membership in  independent system operators.

Worse yet, in the face of opposition from  states and several powerful
utilities,
Congress has fiddled its thumbs on  national restructuring legislation for
five
years and has not required a  transition to retail competition in every
state. By
failing to open retail  markets, Congress has ensured that wholesale
electricity
markets cannot be  effectively disciplined by demand changes or long-term
retail
contracts.  Meanwhile, states behave as if they are electric islands immune
from
the  results of failed federal stewardship of wholesale markets. Foolishly,
they
have become a principal stumbling block to optimally sized regional  power
markets and encourage FERC timidity by banging the drums of states'  rights on
Capitol Hill.

To this day, with 58,000 megawatts under its  control, PJM is the largest
wholesale market or free-trade zone for  electricity in the country and it
amounts to no more than 6 percent of the  nation's electric industry. The
remaining 94 percent of the industry are  divided into hundreds of wholesale
markets with unique rules for pricing and  operation.

So nine years after EPACT, the bombs have begun to go off,  first in
California,
where disastrous state policies mixed with federal  mistakes have created a
spectacular explosion, then in Washington and Idaho,  two states that have not
passed retail restructuring laws, where retail rates  are going up as much as
84
percent and 29 percent respectively. And it's only  a matter of time before
these
electricity time bombs explode in other  states.

The reality is that both the federal government's actions and  inaction have
made
problems worse in California and elsewhere. Denying that  fact thwarts any
efforts to fix the problem, as does attacking environmental  protection or
endlessly repeating free market and states' rights  ideology.

Hopefully it's not heresy but it must be said:  Strong federal action and wise
intervention are required if  wholesale markets are to be stabilized and  made
competitive.

First, the federal government must  organize the country into 10 or 12
regional
wholesale electric markets, each  administered by an Independent System
Operator
that has the legal duty and  necessary authority to ensure that each market is
reliable and genuinely  competitive. Each ISO must have clear responsibility
to
identify and prevent  market power abuses in order to protect public
confidence
in electricity  markets and prevent more autopsies like that now being done on
California's  effort to deregulate.

Second, and absolutely crucial for the formation of  competitive electricity
markets, the federal government should require that  every state equip its
retail
customers with time-of-use metering and  appliance control devices (thermostat
resetting and others) which increase  the price elasticity of demand.

Third, electric markets cannot be  competitive if either the wholesale or
retail
market remain closed. All  customers should be allowed to choose electricity
suppliers by a certain,  specific date.

Fourth, fuel diversity and clean energy have a clear value  in these markets -
federal restructuring legislation should promote fuel  diversity as well as
address a host of major environmental problems by  establishing reasonable
renewable energy requirements.

Fifth, the  federal government must face up to the fact that in periods of
peak
demand or  system emergency conditions, suppliers currently have almost total
pricing  power and that high wholesale price caps are an immediate necessity.
At
such  times, the price curve looks like a "J," with prices unlimited by
demand
changes climbing straight up. The three wholesale markets that are
administered
by viable independent system operators - PJM, New York, and New  England - all
operate with a $1,000 per megawatt-hour price cap. They use  caps not because
they aren't committed to making competition work, but  because demand is not
currently responsive to price and because these  emerging markets are
vulnerable
to strategic bidding that could destroy  public support for more competition.

The sternest test of leadership for  a modern politician is to face down his
friends and the greatest act of  friendship is to save a friend from himself.
The
President could lessen the  need for caps by telling some of his friends in
the
energy industry that they  are behaving like a Marxist caricature of
businessmen
who only need to be  given enough rope in order to hang themselves. Some
wholesale energy  suppliers - by persisting in wholesale markets that cannot
limit prices by  competition or demand response to charge $1,000, $2,000,
$3,000
or more per  megawatt-hour, prices that greatly exceed any cost or profit
requirement -  have triggered a public reaction that could eventually crush
them.
For  example, in California, the recently passed emergency state  statute
"suspends" retail direct access and many communities are  understandably
beginning the process of forming municipal  utilities.

The President must remind wholesale energy suppliers of the  need for
restraint
while America's dysfunctional wholesale electricity  markets are repaired.

Americans deserve true, functional, clean and  affordable competitive electric
markets. Because energy bills often consume  at least 10 percent of an average
family's income, and up to 50 percent of a  poor household's take-home pay,
most
Americans have little tolerance for high  energy costs. And, as Jimmy Carter
discovered, the families that carry lunch  buckets hold the people in
government
responsible for energy shortages and  price spikes.

President Bush himself seems to sense that energy threatens  his Presidency -
electricity alone could be its downfall. Perhaps his talent  for political
survival will yet cause the President to change course on  electric policy and
break out of the confined ideological box which he  appears on the verge of
entering.

The fate of his presidency, and our  energy future, may hang in the balance.

E-cubed is available for reprint in newspapers and other publications.
Authors
are available for print or broadcast. Support E-cubed by becoming a  member of
PennFuture - visit our secure online membership page at www.pennfuture.org by
clicking on  "Support Our Work."

PennFuture, with offices in Harrisburg, Philadelphia  and Pittsburgh, is a
statewide public interest membership organization, which  advances policies to
protect and improve the state's environment and economy.  PennFuture's
activities
include litigating cases before regulatory bodies and  in local, state and
federal courts, advocating and advancing legislative  action on a state and
federal level, public education and assisting citizens  in public advocacy.

 - Vol3No3_2501.doc


I think this is a fine attempt, but I continue to believe that a pure
relative ranking offers the most flexibility and is more like the way the
process works in practice.  A separate list of desired behaviors, criteria
etc can be used to guide discussion but I believe the ranking itself should
remain purely relative.

Gina Corteselli
09/14/2000 06:04 PM
To: Cindy Olson/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Steven J
Kean/NA/Enron@Enron
cc: Michelle Cash/HOU/ECT@ECT

Subject: PRC cluster descriptors - draft

All;

Aattached are a draft of the PRC cluster descriptors which we discussed
several weeks back.  I has sent a first draft to Michelle and Dick, and both
had some suggestions which I have tried to incorporate.  I am still awaiting
Dick and Michelle's impressions of the below, but also  look forward to your
impressions and input. Likewise I would appreciate your input on whether or
not we need to change the ratings on the feedback forms to numerical ratings
1-5 to mimic the clusters.  look forward to hearing from you,  Many thanks,
Gina
---------------------- Forwarded by Gina Corteselli/Corp/Enron on 09/14/2000
05:54 PM ---------------------------

Gina Corteselli
09/14/2000 05:03 PM
To: dick@jeannerett.com
cc: Michelle Cash/HOU/ECT@ECT

Subject: descriptors again

Dick; here is another try at the descriptors.  I tried to apply the
information you provided and to describe qualities of an employee's
performance . I'm  not sure whether this is any better, but would appreciate
your input.  What I am finding most challenging writing descriptors which are
interchangeable with all levels and job groups within the company.  The
behaviors these describe and measure need to be general in nature so that
they can apply to a VP and an admin assistant, as well as to all four Peer
Groups within Enron.

Likewise, I would appreciate your thoughts on the necessity/value of changing
the feedback forms to reflect the same numerical ratings.  presently the
feedback forms use the same descriptors as the cluster (i.e. Superior -
Issues).  In your opinion should these also be 1-5 ratings with one = to
highest and 5= to lowest in scale?
I look forward to hearing your thoughts and impressions.  You may either
e-mail me or call me on 713 345-3377.  Many thanks in advance, Gina
******************************************************************************
****************************************
1 = Relative to his/her peers, this employee is a visionary who identifies
new ideas and methods, inspires and motivates others by example, embodies
Enron's vision and values, and demonstrates a mastery of the business and
technical skills necessary to excel in his/her position.

2 = Relative to his/her peers this employee drives change, demonstrates
vision and values, displays resourcefulness when faced with unexpected
challenges, and comprehends and effectively uses the business and technical
skills required to perform his/her job.

3 = Relative to his/her peers this employee supports innovation and
improvement, understands Enron's vision and values, and continues to develop
the core skills and business/technical skills necessary to satisfy the
requirements of his/her position.

4 = Relative to his/her peers this employee accepts change, demonstrates some
independent thinking and can apply resources and business and technical
skills to adequately perform his/her job.

5 = Relative to his/her peers this employee has difficulty accepting change,
lacks resourcefulness, offers minimal contribution and  does not demonstrate
the skills or knowledge to fulfill the responsibilities of the position  This
employee must make changes or termination is likely.


Kate, can you check fee for above deal    mark fischer
Enron sells constellation
mona
july-sept 01
610.00
we have zero fee, tfs shows .0075    Let me know and we probably need to set
mona delivery point in the system.
Thanks

sp


Valero has accepted this proposal.  Please set up appropriate deal tickets
and Dan Hyvl is preparing a new contract.

---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 01/07/2000
01:23 PM ---------------------------

	Enron North America Corp.

	From:  Gary W Lamphier                           01/07/2000 10:53 AM

To: Dan J Hyvl/HOU/ECT@ECT
cc:
Subject: Issues

---------------------- Forwarded by Gary W Lamphier/HOU/ECT on 01/07/2000
10:52 AM ---------------------------

	Enron North America Corp.

	From:  Gary W Lamphier                           01/07/2000 09:38 AM

To: brotherss@valero.com
cc:
Subject: Issues

Susan,

Hope you had a great new year and holiday season!  I have a couple of issues
I want ot clear up for this year's contract.

The question is how valero wants to treat the three meter locations where you
are currently pulling gas.  Our new contract that was just sent to you has a
minimum take of 60,000 mmbtu (estimated 35,000 @ 8018 Celanese, 15,000 @ 1233
Texas City, and 10,000 @ 1394 Dodge Street).  If you undertake at any meter
excess volumes from another meter would be used to fulfill the entire 60,000
mmbtu.  My accountant has told me that this is causing difficulties with the
two plants and how they want to see gas purchases broken out.  We discussed
this on the phone and I got your consent to split these invoices.  Now we are
being told all three invoices need to be separate.  Since we always aim to
please the customer, here is my recommendation for handling the contract
through it's term.  Please let me know if this is fine.

Celanese 35,000 mmbtu/d minimum  On any given day if volumes fall below
35,000 HPLC will buy back these volumes at GD Katy mid
      two days after flow

Texas City 15,000 mmbtu/d minimum On any given day if volumes fall below
15,000 HPLC will buy back these volumes at GD Katy mid
      two days after flow

Dodge Street 10,000 mmbtu/d minimum On any given day if volumes fall below
10,000 HPLC will buy back these volumes at GD Katy mid
      two days after flow

Any excess volumes taken at all three locations would be billed @ GD HSC High
2 day after


Bill,

Thanks for including me.  I have no further comments or suggestions.  In fact I like the idea of requesting an extension versus deleting this portion of the project and reducing our capability to contract the remaining capacity that Station 4 provides.  Hopefully the market will step up and need this capacity prior to 2003.  Thanks again.

Glen

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Friday, November 16, 2001 3:49 PM
To:	Hass, Glen
Subject:	FW: Transwestern Red Rock Expansion

Glen

	I should have included you on the distribution list. Sorry.

 -----Original Message-----
From: 	Rapp, Bill
Sent:	Friday, November 16, 2001 2:45 PM
To:	Harris, Steven; Watson, Kimberly; Lindberg, Lorraine; Miller, Mary Kay; Kilmer III, Robert; Lokey, Teb; Veatch, Stephen; Martens, Donna; Petersen, Keith
Cc:	Porter, Gregory J.; Pryor, Tony; Dornan, Dari
Subject:	Transwestern Red Rock Expansion

	Attached for your review and comments is a draft of a request to FERC to extend the period allowed under the Red Rock certificate for the abandonment and replacement of the compressors at Station 4. My understanding is that we need to request a one year extension as to Station 4 (but not as to the other three compressor stations included in the Red Rock expansion) due to the fact that we haven't fully contracted for all of the capacity authorized by FERC. Your comments would be appreciated. Thanks.

 << File: TWFERCExtension.doc >>


As discussed in the hallways over the last couple of weeks.... getting together is probably a timely item.. Can I suggest a meeting for the end of next week. I will ask my assistant to check calenders and get us all together.(1 hour meeting ).

Suggestions on topics, issues agenda can be put forward at the first UNION meeting.

regards, BT


I do not know any negatives about this counterparty.

	Tana Jones
	08/25/2000 10:16 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT
		 cc:
		 Subject: Media General

I need a quick reply on a ClickPaper counterparty below.  If I do not hear
from you I will take it that it is OK.
----- Forwarded by Tana Jones/HOU/ECT on 08/25/2000 10:15 AM -----

	Camille Gerard@ENRON
	08/25/2000 10:11 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Brandon Wax/HOU/ECT@ECT
		 Subject: Media General

Tana,

We are needing a quick Legal blessing for Media General today.  Tom should be
emailing us
today but I wanted you to know before this.

Media General, Inc.
333 East Grace Street
Richmond, VA
CPID  79935

Let me know if you need more details.

Thanks!
Camille


ISDA PRESS REPORT - OCTOBER 19, 2001

CREDIT DERIVATIVES
	*	Regulators Seek More Data About Credit Derivatives - Wall
Street Journal

LATIN AMERICA
*	WORLD NEWS: Brazil's weakness set 'for some time' - Financial Times

OPERATIONS
*	Bank of New York demands back-up links from customers - Financial
Times

RISK MANAGEMENT
*	DTCC seeks to address post Sept 11op-risk concerns - Risk News

Regulators Seek More Data About Credit Derivatives
Dow Jones Newswire

WASHINGTON-U.S. bank regulators, saying the notional amount of credit
derivatives at banks has increased more than sixfold since 1997, from $55
billion to $352 billion, are proposing new reporting requirements on credit
derivatives.

The requirements focus on what are known as bank call reports, which banks
file with the federal bank regulatory agencies each quarter; these are used
to monitor the condition and risk profile of reporting banks and the
industry as a whole.

In a joint notice, the Federal Reserve, Office of the Comptroller of the
Currency and Federal Deposit Insurance Corp. said tile new Items proposed to
be added to call reports should result in a "minimal additional reporting
burden" for affected banks.

WORLD NEWS: Brazil's weakness set 'for some time'
Financial Times; Oct 19, 2001
By Raymond Colitt in Sao Paulo

Brazil's financial markets have recovered this week, halting at least
temporarily the downward spiral of the Real. But few analysts support the
government's hopes of asustained currency recovery that would allow interest
rates to come down and economic growth to resume.

With a tighter monetary policy and somewhat brighter short-term prospects
after elections in neighbouring Argentina, the Brazilian portion of the JP
Morgan's EMBI+, emerging markets bond index, has narrowed by 133 basis
points since October 8.

By mid-week, the Real had recovered to RDollars 2.70, up 4.5 per cent
against the dollar from its post-attack low. Future interest rates also came
down by more than 60 basis points this week.

The Real had depreciated 30 per cent against the dollar since the beginning
of the year, raising concerns about the country's inflation target and
credit outlook.

However, the currency weakness "is here to stay", says Marcelo Carvalho,
chief economist with JP Morgan Chase, the investment bank, in Sao Paulo.
"The fundamental problems of the Brazilian economy have not changed and the
market outlook remains uncertain."

Indeed, a consensus forecast published by the central bank sees the currency
at RDollars 2.80 against the dollar at the end of this year and at RDollars
2.86 by the end of next year. A sustained currency weakness implies higher
inflation and a larger nominal budget deficit, and subsequently slower
economic growth, says Mr Carvalho. JP Morgan Chase foresees GDP growth next
year of only 1 per cent, compared to the market consensus of 2.25 per cent
next year.

Brazil's principal problem is its dependence on international capital
markets and direct foreign investment to finance a current account deficit
estimated at USDollars 25bn this year, the largest of any emerging market.

Total external financing requirements are estimated at just under USDollars
50bn next year, a tall order at a time of a global downturn and heightened
risk aversion towards emerging markets.

Earlier this month, the economic authorities issued more dollar-linked debt,
increased obligatory bank deposits and reformed corporate reporting rules
designed to reduce the need for currency hedging.

The economic slowdown these measures helped to trigger will help improve the
country's trade balance by driving down imports. As a result, the market
expects the current account deficit to fall from Dollars 25bn this year to
Dollars 21.7bn next year. The domestic slowdown has also helped to dampen
inflationary pressure caused by the currency depreciation.

On Wednesday, the central bank decided to maintain its prime interest rate
at 19 per cent with a neutral bias. Yet more action to tighten monetary
policy - such as a further increase of bank deposit requirements - may be
necessary given the ongoing threat of an Argentine default, an escalation of
the US-led war on terrorism and political noise ahead of Brazil's
presidential elections next year.

Bank of New York demands back-up links from customers
By Joshua Chaffin in New York

The Bank of New York will require some customers to have back-up
communications links to its securities processing operations, and will more
closely inspect its vendors' technology and communications capabilities to
ensure they function in the event of disaster.

Thomas Renyi, chief executive, announced the changes on Thursday when
discussing the bank's third quarter earnings, which suffered more than
expected from the September 11 attacks.

BoNY, which specialises in securities processing, was one of the Wall Street
firms hardest hit by the attacks. More than a month later, it is still
struggling to reconcile trades that clients executed after September 11.

As a result, its disaster recovery plans have been among the most
scrutinised by the financial services industry as it tries to prepare for
future disasters.

BoNY executives had contended that much of the disruption was due to damaged
telecommunications lines.

Mr Renyi reiterated Wall Street's new-found appreciation of "how important
telecommunications are to the smooth operation of the capital markets".

But he also pointed to problems with computer and communications systems at
BoNY's vendors that may have hindered the bank's recovery.

"Some of the things just didn't work as billed by our vendors," he said.

Mr Renyi also said that he and other Wall Street executives would
re-evaluate the practice of out-sourcing large volumes of business to a
small number of companies.

His comments are notable because BoNY has aggressively promoted itself to
customers as a single provider for all back-office needs, from trade
processing to accounting.

Overall, losses from the disaster cut BoNY's third-quarter earnings by
one-third from last year's levels to $243m, or 33 cents a share. BoNY
pointed out that excluding the disaster, earnings rose 6 per cent from last
year.

BoNY recorded a $140m charge related to the disaster. This covers a variety
of expenses, from renting office space in mid-town Manhattan to buying
computers.
BoNY estimated it lost about $29m in fees from the closure of the markets
and problems with its automatic teller machines, and paid about $45m to
compensate customers for trades that failed or were slow.

However, it expected that a "substantial amount" would be covered by
insurance.

DTCC seeks to address post Sept 11op-risk concerns
By Gallagher Polyn

18 October - The Depository Trust & Clearing Corporation (DTCC), the world's
largest clearing company, has seized the initiative to address the issue of
systemic operational risk concerns raised in the aftermath of the US
terrorist attacks of September 11.

DTCC chairman and chief executive Jill Considine held the first in a series
of discussions with representatives of the Securities Exchange Commission,
the Federal Reserve Board and the Federal Reserve Bank of New York,
yesterday, to address operational risks exposed by the attacks on the World
Trade Center.

In a speech to the Bond Market Association in New York prior to the meeting,
Considine said the major systemic risk posed by the September 11 attack
stemmed from over-centralisation of physical assets - people and facilities
- related to financial markets in New York. Bond market settlement banks,
the New York telephone carrier Verizon's network in lower Manhattan, and
numerous market makers on the New York Stock Exchange (NYSE) and Nasdaq were
briefly incapacitated by the attack. US fixed-income markets did not resume
trading until September 14, while trading on NYSE and Nasdaq did not resume
until September 17.

The Bank of New York, a large custodian and securities settlement bank, had
major problems paying out funds due to failed communications lines, with
some market sources indicating that Bank of New York's payments backlog
reached $130 billion on Thursday September 13, leaving a number of large
European institutions with large overdrafts with other banks.

After a 'breather' from weeks of intensive recovery efforts by US regulatory
authorities subsequent to the attack, Considine said the DTCC would look to
take a leadership role in helping the US financial industry adopt new best
practices to manage the newly exposed risks.

Comments made by Considine during her speech suggested the DTCC would hold
discussions with regulators, broker-dealers, electronic trading network
service providers, clearing houses, and even public utilities like phone
companies.

Asked whether new awareness of the risks stemming from spatial concentration
would result in calls to disperse financial market operations over wider
areas, Considine said, "I think people are looking at that very seriously."
But it was unclear whether Considine was referring to regulatory
authorities. Neither the SEC nor the Federal Reserve Bank of New York have
yet issued any new regulations related to the attacks, though impact
assessment is ongoing, spokespersons for the two organisations said.

The DTCC is the world's largest post-trade infrastructure organisation,
providing clearance, settlement and custody services for equities, corporate
and municipal debt, exchange-traded funds, mutual funds, ADRs, money market
instruments, unit investment trusts and insurance products.

	**End of ISDA Press Report for October 19, 2001**

	THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF,
ISDA'S BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA ONLY.  THIS
PRESS REPORT IS NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN
ORGANIZATION), AND ISDA IS NOT RESPONSIBLE FOR ANY USE TO WHICH THESE
MATERIALS MAY BE PUT.

	Scott Marra
	Administrator for Policy and Media Relations
	International Swaps and Derivatives Association
	600 Fifth Avenue
	Rockefeller Center - 27th floor
	New York, NY 10020
	Phone: (212) 332-2578
	Fax: (212) 332-1212
	Email: smarra@isda.org

Ms. Barbara Hanlon
Database Administrator
International Swaps and Derivatives Association, Inc.
600 Fifth Avenue, 27th Floor
Rockefeller Center
New York, New York 10020-2302
Phone: (212) 332-1200
Fax: (212) 332-1212


Chris, did we get the DASH completed and approved on Pasotria and LV Cogen?

Rob, I have not heard what the plan of action is with Moore?

Rob, what would be the necessary steps needed to book all or some of the
Bruce deal in Q3?

Regards
Delainey


OUTLOOK EMAIL NOTIFICATION

                    Your Date of Migration is: May 23rd

  YOU WILL BE UNABLE TO SEND E-MAIL unless you take the following action:

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

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

WHY IS ENRON MIGRATING TO OUTLOOK 2000?

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

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

WHAT IS BEING MIGRATED TO OUTLOOK 2000?

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

Thank you,

Outlook 2000 Migration Team


Just so we are all on the same page, this is the most recent draft of the ESA
breakout contract in my files.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/05/2000 01:48
PM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 11/30/2000 02:30:37 PM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: Attached Files

Attached please find a clean draft of the Enron South America Turbine
Agreement, as well as a blackline showing changes made to the from
document agreed to by GE.

The only additional information that we need to insert into the
agreement is the Agreement Number in Section 6.7.1.

I will send the exhibits in a few moments.
 <<ESA Break-out Agreement Draft of 11/30/00.DOC>>  <<Comparison of
Enron South America Turbine Agreement.DOC>>
 - 00.DOC
 - Comparison of Enron South America Turbine Agreement.DOC


Thanks.

Look at the attached ... it may be too late for this afternoon, but I took a
shot at a revised way of presenting the investment fund and the associated
issues (substitute for slides 15-17?)


Here are your rosters for MGMT 656. Let me know if you need a list of
e-mail addresses as well. I will update you as student schedules change.
- Pam
(713-348-6223)
 - 656.doc


i was planning on watching at home.  are you going to watch it somewhere?

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/05/2001 11:26:35 AM
To: "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject: RE: New Years

Where are you going to do this?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Friday, January 05, 2001 11:25 AM
To: Bass, Jason
Subject: RE: New Years

yeah why

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/05/2001 11:10:28 AM

To:   "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject:  RE: New Years

Are you watching football tomorrow?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Friday, January 05, 2001 11:10 AM
To: Bass, Jason
Subject: RE: New Years

not yet but i will let you know

"Bass, Jason" <Jason.Bass2@COMPAQ.com> on 01/05/2001 11:08:23 AM

To:   "'Eric.Bass@enron.com'" <Eric.Bass@enron.com>
cc:
Subject:  RE: New Years

Eric,

Did you ever hear anything back from America West?

-----Original Message-----
From: Eric.Bass@enron.com [mailto:Eric.Bass@enron.com]
Sent: Wednesday, December 27, 2000 9:49 AM
To: Bass, Jason
Cc: shusser@enron.com
Subject: New Years

Jason,

Shanna and I were wondering what you and Donnita were doing for New Years?

-Eric


The report named: Power West Price Off-Peak <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=31&report_name=Power+West+Price+Off-Peak&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=12/26/2001>, published as of 12/26/2001 is now available for viewing on the website.


----- Forwarded by Tana Jones/HOU/ECT on 07/25/2000 11:28 AM -----

	Tana Jones
	06/27/2000 10:11 AM

		 To: Jeff Nogid/HOU/ECT@ECT, Clint Freeland/Corp/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT
		 Subject: Financial Trading Agreement Database

Below is the link that will give you access to the referenced database.  Call
me a x33399 if you have any problems.

Link -->


Just spoke with Sean Crandall - he killed deal #499391. This has happened
before, and seems to be a glitch in Deal Blotter when traders enter off peak
deals. I'll talk with IT about it; but thanks for catching this in the
meantime.

Kate

Evelyn Metoyer@ENRON
01/18/2001 10:52 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 499391

Hi Kate,

For Ref 499391 I don't think this is a good deal because Prebon only shows
one off-peak deal like this and it is our reference 499390.

Thanks


These have been changed to CAISO.

	From:  Sharen Cason                           04/10/2001 02:21 PM

To: Kate Symes/PDX/ECT@ECT
cc: Evelyn Metoyer/Corp/Enron@Enron

Subject: corrections

I feel like I am picking on you today!

These deals have NP/SP delivery point with firm energy.

577829
577828

Thanks!


Start Date: 1/3/02; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010316.txt


----- Forwarded by Jeff Dasovich/NA/Enron on 04/02/2001 06:55 PM -----

	Scott Govenar <sgovenar@govadv.com>
	04/02/2001 06:13 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
David Parquet <David.Parquet@enron.com>, Rick Johnson
<rick.johnson@enron.com>, Marcie Milner <mmilner@enron.com>, Sandra McCubbin
<Sandra.McCubbin@enron.com>, Tim Belden <Tim.Belden@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Chris Calger <ccalger@enron.com>, Joe Hartsoe
<Joe.Hartsoe@enron.com>, Donna Fulton <Donna.Fulton@enron.com>, Steven Kean
<Steven.J.Kean@enron.com>, Karen Denne <kdenne@enron.com>, Beverly Aden
<beverly.aden@enron.com>, Bill Votaw <bill.votaw@enron.com>, Carol Moffett
<carol.moffett@enron.com>, Debora Whitehead <debora.whitehead@enron.com>,
Dennis Benevides <dennis.benevides@enron.com>, Don Black
<don.black@enron.com>, "dblack@enron.com" <dblack@enron.com>,
"emelvin@enron.com" <emelvin@enron.com>, "ehughes2@enron.com"
<ehughes2@enron.com>, "gweiss@enron.com" <gweiss@enron.com>,
"gsavage@enron.com" <gsavage@enron.com>, "Harry.Kingerski@enron.com"
<Harry.Kingerski@enron.com>, "kgustafs@enron.com" <kgustafs@enron.com>, Mike
D Smith <msmith1@enron.com>, "sgahn@enron.com" <sgahn@enron.com>,
"vsharp@enron.com" <vsharp@enron.com>, "wcurry@enron.com" <wcurry@enron.com>,
"William.S.Bradford@enron.com" <William.S.Bradford@enron.com>, Leslie Lawner
<Leslie.Lawner@enron.com>, John Neslage <john.neslage@enron.com>, Ken Smith
<ken@kdscommunications.com>, Bob Frank <bfrank@enron.com>, Jennifer Thome
<Jennifer.Thome@enron.com>
		 cc:
		 Subject: Priority Legislation

Assembly Speaker Bob Hertzberg has circulated the following list of
priority bills which he would like to pass out of the Assembly this
week:

SBX 5 (Sher) - This bill provides a total of $1, 039,500,000 from the
General Fund to implement energy efficiency programs and supplement
existing energy efficiency programs.

SBX 43 (Alpert) - This bill extends the SDG&E rate freeze to users over
100kw.

ABX 29 (Kehoe) - This bill This bill creates a variety of new programs
relating to energy
efficiency and distributed generation.

SBX 6 (Burton) - This bill creates the California Consumer Power and
Conservation Financing Authority (CPCFA), (2) authorizes the issuance of
bonds up to $5 billion, and (3) specifies that the CPCFA shall not
undertake any new projects after January 1, 2007.

SBX 28 (Sher)   This bill contains a series of provisions intended to
accommodate increased construction and operation of power plants.  The
bill also provides a 10-year waiver of standby charges for specified
distributed generation (DG) installations.


Hi Sara,

So to clarify, at the moment there is nothing in our schedule about
jurisdiction.  Does this mean that based on the ISDA master it will be
exclusive NY courts jurisdiction?

Jane

	Sara Shackleton@ECT
	11/09/2000 09:14 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: ISDA issues

Jane:  the ISDA jurisdiction and waiver of jury trial language is fine.  Sara


I received your mailing.

Thanks!

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


Your list of items is correct.  However, the entex related transport shows up
on the P&L and the GL via transport expense from Tom to Ed.  This number is
manually booked to the GL each month by Phillip.  Therefore, this revenue
shows up en masse with all of the marketing desk's expense.

Eric

	Enron North America Corp.

	From:  Heidi Withers                           01/20/2000 09:01 AM

To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT
cc:
Subject: Entex Transport Reimbursement

Eric and Mick, does this match your understanding of how the money for
transport related to the volumes that Entex pulls for Lufkin/Diboll
residential volumes end up in Ed's P&L?  Also, do we do anything for the
industrial volume?  I think we ought to let people know that we accomplished
this (albeit that we did this a long time ago).  Please let me know.

Ed asked me to find revenue from Entex for transportation expense to
Lufkin/Diboll for the residential part of the contract (Transaction 10).
After checking into it, we have all found the following things:

1. Howard allocates the Lufkin/Diboll meters (7107/8/9) based on actuals.
2. Howard receives allocations from Entex for the industrial volumes, and
then backs into the Transaction 10 (residential) volumes for Lufkin/Diboll.
3. Howard allocates the residential piece for Lufkin/Diboll to Transaction 10.
4. Kyle bills Entex for the residential volume, and applies the cash to the
sales invoice.
5. Cassandra cuts an invoice to Co. 16 to get reimbursed for the transport
expense going up to Lufkin/Diboll for the residential volume.
6. The money lands in Ed's P&L for the residential piece of the transport
reimbursement.

Right now, at the end of the month, Eric Bass tells Mick how much the
transport reimbursement is and Mick includes that money in Ed's P&L as
revenue from a third party.  The actual money is reflected in Co. 12, and we
just have to make sure that the money is reflected as revenue for Ed in the
G/L rather than for Tom.


There is an OBA Payback nomination at two points, POI 1709 Linam Ranch and POI 152 Reeves.  The payback is for 5,000 dth/day at both points.  One is a receipt to NNG (Reeves) and the other is a delivery to Duke (Linam Ranch).  Since NNG controls Reeves there should not be any problems there, but at Linam Ranch, Duke operates the point.  Please give me or someone on the South Central team a call if Linam Ranch is running over their order so we can call the scheduler and have them make corrections to their volumes.

Your help is greatly appreciated.

Randy Janzen

New scheduler for Duke is Wayne Hawkins - 915-620-4214,


Eugene,

Bob and I had a discussion about your question you raised yesterday.

For an option writer, he has the obligation to deliver, so he hedges it with
the underlying by adjesting delta positions.  The hedging cost, theoretically,
should be equal to the fair value of the option premium.

On the other hand, for the option holder, he has no obligation, by delta
heging,
he would pay double for the option, with no upside.  So he should not hedge
it at all.

If the option holder wants to protect the time value of the option, he should
sell
the option to the market or some equivalent options to create a theta-neutral
portfolio.
This may require trading in both the orginal and the equivalent option
underlyings.

Our question to you, if the call options you mentioned are embedded in the
EES
contracts, say fixed price sale contracts, What makes it possible to just
separate those options
and sell them to the market to retain the full values of the options ?  We
conjecture that these
 options are meant to hedge the original contract. By selling those options
you eliminate the upside of the
 original contract.

Give one of us a call if you want to discuss this further.

Zimin


TODAY'S HEADLINES
The New York Times on the Web
Friday, October 19, 2001
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

New From NYTimes.com
Get DealBook -- your daily briefing on the latest and most
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QUOTE OF THE DAY
=========================
"Nobody's calling us unilateral anymore. That's   kind of
gone away for the time being; we're so multilateral it
keeps me up 24 hours a day checking on everybody."
-SECRETARY OF STATE COLIN L. POWELL

http://www.nytimes.com/2001/10/19/international/19DIPL.html?todaysheadlines

NATIONAL
=========================
Ridge Makes Effort to Calm Public's Anthrax Fears

The appearance of Tom Ridge, the new domestic security
chief, and other officials on Thursday was meant to quell
criticism that the Bush administration had not provided
clear information.
http://www.nytimes.com/2001/10/19/national/19ANTH.html?todaysheadlines

-----

Link Suspected Between Anthrax and Hijackings

Investigators are intensely focusing on the possibility that
Al Qaeda could be behind the mailing of anthrax to several
locations.
http://www.nytimes.com/2001/10/19/national/19INQU.html?todaysheadlines

-----

Behind Las Vegas's Glitter, Heavy Losses and Layoffs

A steep drop in visitors and a rise in unemployment have
many people in Las Vegas wondering if the city's best days
are gone.
http://www.nytimes.com/2001/10/19/national/19VEGA.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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increasing energy needs. Exelon Corporation, one of the nation's
largest utility services companies, is the new company formed
from the merger of PECO Energy Company and Unicom Corporation,
the parent company of ComEd.

Exelon.  Welcome Change.
To learn more about Exelon, visit us at: exeloncorp.com

http://ads.nyt.com/lx.ads/email.nytimes.com/todaysheadlines/text/6616/Position3/th-exelon01/exelon.html/?_RM_REDIR_=http://by.advertising.com/1/c/64782/31227/1/1/
\---------------------------------------------------------/

INTERNATIONAL
=========================
Increased U.S. Activity Said to Aid Afghan Rebels

American Special Forces troops have been   operating inside
Afghanistan to support armed groups opposing the Taliban,
according to a senior military officer.
http://www.nytimes.com/2001/10/19/international/19MILI.html?todaysheadlines

-----

Russia and U.S. See a Breakthrough on Divisive Issues

Russia and the United States signaled Thursday night that
they were near a  breakthrough on missile defense and
Russia's troubled relations with NATO.
http://www.nytimes.com/2001/10/19/international/19DIPL.html?todaysheadlines

-----

Bush Meets China's Leader and Emphasizes Need to Fight
Terrorism Together

President Bush met today with President Jiang Zemin of China
for the first time, vowing to press forward with the war on
terrorism.
http://www.nytimes.com/2001/10/19/international/19PREX.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Canada Overrides Patent for Cipro to Treat Anthrax

Canada, taking an unusual step that the United States has
resisted, said that it had ordered a million tablets of a
generic version of Cipro from another company.
http://www.nytimes.com/2001/10/19/business/19CANA.html?todaysheadlines

-----

Merrill Set for Changes That Will Cost Thousands of Jobs

Merrill Lynch & Company started preparing investors  for
big changes in its operations that will inevitably involve
eliminating thousands of jobs.
http://www.nytimes.com/2001/10/19/business/19MERR.html?todaysheadlines

-----

Bill to Alter Bankruptcy Seems to Stall

A bill that would have made it more difficult for consumers
to dismiss their debts by filing for bankruptcy has
effectively been pushed aside in Congress.
http://www.nytimes.com/2001/10/19/business/19DEBT.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Microsoft's Profit Report Beats Wall St. Estimates

Microsoft reported quarterly profits that surpassed Wall
Street's expectations  ignoring a big charge for bad
investments in telecommunications and cable-television
companies.
http://www.nytimes.com/2001/10/19/technology/19SOFT.html?todaysheadlines

-----

U.S. Wireless Talks Go On, With Court Deadline Friday

Federal officials and executives from wireless
communications companies were still trying to reach a
settlement over the disputed ownership of $16 billion worth
of wireless spectrum licenses.
http://www.nytimes.com/2001/10/19/technology/19SPEC.html?todaysheadlines

-----

Ebay Continues to Flourish Despite

                       Faltering Economy

Continuing to fly above the wreckage of the Internet
economy, eBay posted sales and profits for the third
quarter that exceeded analysts' expectations.
http://www.nytimes.com/2001/10/19/technology/19EBAY.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Ridge Makes Effort to Calm Public's Anthrax Fears

The appearance of Tom Ridge, the new domestic security
chief, and other officials on Thursday was meant to quell
criticism that the Bush administration had not provided
clear information.
http://www.nytimes.com/2001/10/19/national/19ANTH.html?todaysheadlines

-----

Russia and U.S. See a Breakthrough on Divisive Issues

Russia and the United States signaled Thursday night that
they were near a  breakthrough on missile defense and
Russia's troubled relations with NATO.
http://www.nytimes.com/2001/10/19/international/19DIPL.html?todaysheadlines

-----

Bush Meets China's Leader and Emphasizes Need to Fight
Terrorism Together

President Bush met today with President Jiang Zemin of China
for the first time, vowing to press forward with the war on
terrorism.
http://www.nytimes.com/2001/10/19/international/19PREX.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Yankees Head Home in Control of Series

The Yankees edged Seattle, 3-2, in Game 2 of the A.L.C.S.,
doing the same things they did to win Game 1, the starting
pitcher throwing well and handing a lead to the bullpen,
Mariano Rivera blowing away the last hitters.
http://www.nytimes.com/2001/10/19/sports/baseball/19YANK.html?todaysheadlines

-----

Piniella's Numbers Just Don't Add Up

Lou Piniella believes in using data to manage his team. But
the numbers went awry for his Mariners in Game 2, and the
result was a loss that put the Yankees in command of the
A.L.C.S.
http://www.nytimes.com/2001/10/19/sports/baseball/19CHAS.html?todaysheadlines

-----

Eli, the Other Manning, Carries On a Legacy

For Ole Miss fans, Eli Manning is more than the son of
Archie or the brother of Peyton. His presence at
quarterback means the Rebels can contend for an S.E.C.
title or better.
http://www.nytimes.com/2001/10/19/sports/ncaafootball/19MANN.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Jazz Clubs Swing Back to Life

You must analyze the effect of Sept. 11 on   jazz clubs case
by case. But one thing's for sure:  business is down.
http://www.nytimes.com/2001/10/19/arts/music/19CLUB.html?todaysheadlines

-----

Mom Had a Trio (and a Band, Too)

The unlikeliest muscial ever  to win over cynical,
sentiment-shy  New Yorkers, "Mamma Mia!" is the theatrical
equivalent of comfort food.
http://www.nytimes.com/2001/10/19/arts/theater/19MAMM.html?todaysheadlines

-----

Manning the Ramparts for Old Glory

Robert Redford couldn't have picked a better   time to star
in a flag-waving paean to patriotism.
http://www.nytimes.com/2001/10/19/movies/19CAST.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
2 More Anthrax Infections in New York Area

In cases that seem to fit a broader pattern that began last
week, two more people in the New York region have tested
positive for cutaneous anthrax.
http://www.nytimes.com/2001/10/19/nyregion/19YORK.html?todaysheadlines

-----

Cheney, Under Heavy Security, Pays a Visit to Trade Center
Site

Vice President Dick Cheney came to New York on Thursday to
examine the damage at the World Trade Center site, and
praise the workers at ground zero.
http://www.nytimes.com/2001/10/19/nyregion/19CHEN.html?todaysheadlines

-----

4 Sentenced to Life in Prison for Roles in Embassy Bombings

Four terrorists who were convicted in May of conspiring in
the 1998 bombings of two American Embassies in East Africa
were sentenced to life in prison.
http://www.nytimes.com/2001/10/19/international/19EMBA.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
A Tweezer Defense Shield?
By THOMAS L. FRIEDMAN
In this new networked, integrated world without walls, a
tweezers in the hands of the wrong person can turn an
airplane into a missile.
http://www.nytimes.com/2001/10/19/opinion/19FRIE.html?todaysheadlines

-----

The Rifle and the Veil
By JAN GOODWIN and JESSICA NEUWIRTH
Islamic extremist movements use the repression of women as a
political tool for   achieving and consolidating power.
http://www.nytimes.com/2001/10/19/opinion/19GOOD.html?todaysheadlines

-----

A Governor Works in Mysterious Ways
By GARRISON KEILLOR
Here in Minnesota, our governor has gone   under cover, so
far as we can figure out.
http://www.nytimes.com/2001/10/19/opinion/19KEIL.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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Megan,

For 8/1/00, allocate the receipt of gas a Cotton Valley to the exchange
deal.  Since we did not deliver anything to them on that day, the settlement
will occur at GD-.10.  Originally, we were working on a spot deal for this
day.  Then, after the fact, we agreed to let the deal fall out under the
exchagne deal.  I apparantly forgot to change the deal ticket.

For the weekend of 8/5, we need to prorate the gas over the weekend.  Due to
operational issues, we agreed to receive gas all weekend and batch the
deliveries on Monday.  I apologize for not getting this info to you earlier.

D

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           10/10/2000 04:25 PM

To: Daren J Farmer/HOU/ECT@ECT
cc: Stacey Neuweiler/HOU/ECT@ECT
Subject: information regarding batch noms on Aug 5,6 &7, 2000

Daren:
I am having trouble with 8/00.  The first issue is day 1 of the purchase at
Fuels Cotton.  We have two deals in Sitara, spot deal 348951 and exchange
deal 157288.  You had said previously that we would know a spot deal had
occurred by the new deal ticket and the different pricing.  Since there was a
spot deal, we put all of the volume for day 1 on deal 348951.  Duke says that
day 1 was not a spot and that it should be on the exchange deal and priced at
GD - 0.10.  The exchange deal is currently price at index - 0.05.  Please let
me know which deal we are suppose to use and what the price should be.
The second issue is the sale volume on deal 157278 for 8/00.  Duke is telling
me that we sold them a batch of gas on the 7th, which we see, but that we are
suppose to prorate the gas over the 5th, 6th, and 7th for the exchange.  This
is a problem since gas was not confirmed for the 5th and 6th and pipeline
shows all of the gas on the 7th.  This is a daily swing meter which
electronically feeds into settlements.  We don't normally change these
meters.  If you intended for us to prorate this gas, I will need your OK. The
emails below are from Marta at Duke notifying us of the change.

Megan
---------------------- Forwarded by Megan Parker/Corp/Enron on 10/10/2000
03:50 PM ---------------------------

mkhenderson@duke-energy.com on 10/10/2000 02:25:30 PM
To: stacey.neuweiler@enron.com, megan.parker@enron.com
cc: djdobb@duke-energy.com

Subject: information regarding batch noms on Aug 5,6 &7, 2000

Read information below and see if this helps one of the unresolved problems
for August.

 Megan can you tell me how you arrived at the price for August 1?  I do not
know why August 1 would be priced differently than the other days of the
month when we had over deliveries for the Fuel Cotton Valley gas.  This is
priced at HSC daily - .10 per paragraph 3 of the contract.  If a different
price was worked out with Darren, I do not have record of it.  Darren is
out until next week.
---------------------- Forwarded by Marta K Henderson/Houston/PEFS/PEC on
10/10/2000 02:16 PM ---------------------------

Marta K Henderson
08/03/2000 11:26 AM

To:   Darrel F. Bane/EastTexas/PEFS/PEC@PEC, John A. Bretz/GCS/CEC/PEC@PEC,
      Chad W. Cass/GCS/CEC/PEC@PEC, Michael R.
      Cherry/EastTexas/PEFS/PEC@PEC, Bruce McMills/FtWorth/PEFS/PEC@PEC,
      William E. Speckels/GCS/CEC/PEC@PEC, Donna C.
      Spencer/GCS/CEC/PEC@PEC, Julia A. Urbanek/GCS/CEC/PEC@PEC, Dora J.
      Levy/GCS/CEC/PEC@PEC, briley@enron.com, dfarmer@enron.com,
      carlos.j.rodriguez@enron.com, Sharon Beemer/FtWorth/PEFS/PEC@PEC,
      Connie Wester/EastTexas/PEFS/PEC@PEC
cc:

Subject:  more changes to Eastrans Nomination changes effective 8/4/00

Please disregard the memo below and the following will apply for 8/4/00:

Deliveries to Eastrans will be 7,800 MMBtu/dy
Redeliveries into HPL from Fuels Cotton Valley

For 8/5, 8/6, & 8/7 (Saturday, Sunday & Monday) deliveries to Eastrans will
be 7,800 MMBtu/dy (23,400 MMBtu for 3 days).  The deliveries of this gas
will occur in a batch on Monday, 8/7.
Redeliveries into HPL from Fuels Cotton Valley
---------------------- Forwarded by Marta K Henderson/Houston/PEFS/PEC on
08/03/2000 11:21 AM ---------------------------

Marta K Henderson
08/03/2000 08:58 AM

To:   Darrel F. Bane/EastTexas/PEFS/PEC@PEC, John A. Bretz/GCS/CEC/PEC@PEC,
      Chad W. Cass/GCS/CEC/PEC@PEC, Michael R.
      Cherry/EastTexas/PEFS/PEC@PEC, Bruce McMills/FtWorth/PEFS/PEC@PEC,
      William E. Speckels/GCS/CEC/PEC@PEC, Donna C.
      Spencer/GCS/CEC/PEC@PEC, Julia A. Urbanek/GCS/CEC/PEC@PEC, Dora J.
      Levy/GCS/CEC/PEC@PEC, briley@enron.com, dfarmer@enron.com,
      carlos.j.rodriguez@enron.com, Sharon Beemer/FtWorth/PEFS/PEC@PEC,
      Connie Wester/EastTexas/PEFS/PEC@PEC
cc:

Subject:  Eastrans Nomination changes effective 8/4/00

Please increase deliveries to Eastrans to 30,000 MMBtu/dy effective 8/4/00

The redeliveries will be:

7,800 from Fuels Cotton Valley
22,200 to PG&E


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 06/01/2000
11:40 AM ---------------------------

Regina Blackshear@ENRON
06/01/2000 10:43 AM
To: vblack4538@aol.com, l_carter61@hotmail.com,
sonia_l_castorena@reliantenergy.com, Amber.Ebow@enron.com, GRHRDH@aol.com,
"BENEDICT PETERS"<bouncing98@hotmail.com>, rosemary.a.reynolds@usa.xerox.com,
"WhiteBL(Barbara)"<BLWhite@equiva.com>, Angela Barnett/HOU/ECT@ECT, Eve
Puckett/Corp/Enron@ENRON, Judy Hernandez/HOU/ECT@ECT, Christopher
Hargett/HOU/ECT@ECT, Judy Walters/HOU/ECT@ECT, Pamela Mitchell/HOU/ECT@ECT,
Sandra R McNichols/HOU/ECT@ECT, Leslie Smith/HOU/ECT@ECT, Amber
Limas/HOU/EES@EES
cc:
Subject: FW: It could be worse....

remember things could be worse, you know who i am talking to.
love, kisses and hugs to all of you.
---------------------- Forwarded by Regina Blackshear/Corp/Enron on
06/01/2000 10:37 AM ---------------------------

                 To: YOU
               Date: TODAY
               From: THE BOSS
            Subject: YOURSELF
          Reference: LIFE

I am God.
Today I will be handling all of your problems.
Please remember that I do not need your help.
If life happens to deliver a situation to you that you cannot handle, do not
attempt to resolve it.  Kindly put it in the SFGTD (something for God to do)
box.
It will be addressed in My time, not yours.  Once the matter is placed into
the box, do not hold on to it.
If you find yourself stuck in traffic; don't despair. There are people in
this world for whom driving is an unheard of privilege.
Should you have a bad day at work;
Think of the man who has been out of work for years.
Should you despair over a relationship gone bad; Think of the person who has
never known what it's like to love and be loved in return.
Should you grieve the passing of another weekend; Think of the woman in dire
straits, working twelve hours a day, seven days a week to feed her children.
Should your car break down, leaving you miles away from assistance; Think of
the paraplegic who would love the opportunity to take that walk.
Should you notice a new gray hair in the mirror; Think of the cancer patient
in chemo who wishes she had hair to examine.
Should you find yourself at a loss and pondering what is life all about,
asking what is my purpose?
Be thankful. There are those who didn't live long enough to get the
opportunity.
Should you find yourself the victim of other people's bitterness, ignorance,
smallness or insecurities;
Remember, things could be worse.
You could be them!!!!
Let it go so God can do His job.


Lindy, thanks for looking into this.  I agree with your comments.  Kim.

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Friday, November 16, 2001 4:01 PM
To:	Rapp, Bill; Hass, Glen; Blair, Lynn; Harris, Steven; Kowalke, Terry; Lokey, Teb; Kilmer III, Robert; #99 Tech Support,; Watson, Kimberly; Lindberg, Lorraine; Lohman, TK
Subject:	FW: SCG Advice 2837-A

After discussing with Lynn and Glen, we think that we would like to file comments in this proceeding concerning an issue we have had since this has been implemented on Nov 1.  In instances where SoCal happens to call their OFO in the Intraday 2 cycle, it can cause Transwestern to have Shipper imbalances because we do not have an opportunity to pass-along these reductions to our upstream parties.  We think we would like to file a letter that may mention our general support of the "direction" of SoCal's changes, but that we do have an issue that has developed since actual implementation that we are currently working on with them.  Lynn & I worked on this rough general description we thought could be incorporated into a brief letter.

		"If SoCal calls an OFO in the Intraday 2 Cycle, an allocation is passed to Transwestern through the confirmation process with SoCal.  Due to the timing of these OFO's, Transwestern is unable to confirm such reductions with Transwestern's upstream parties."

Lynn thinks if we are unable to resolve this issue with SoCal, TW could have high Shipper imbalance exposure.

 -----Original Message-----
From: 	Harris, Steven
Sent:	Wednesday, November 14, 2001 9:50 AM
To:	Donoho, Lindy
Subject:	FW: SCG Advice 2837-A

Lindy , can you please take a look at this and let me know if we should file comments. Thanks. You might see if Glen has looked at it yet.

	Steve

 -----Original Message-----
From: 	"Dan Douglass" <douglass@energyattorney.com>@ENRON
Sent:	Friday, November 09, 2001 5:02 PM
To:	Hass, Glen; Harris, Steven
Cc:	Gregg Klatt
Subject:	SCG Advice 2837-A

Glen and Steve:

The attached supplemental advice filing by SoCalGas replaces the  changes to Rule 30, Transportation of Customer-Owned Gas, proposed by AL2837.   The purpose of this filing is to  describe the new internal receipt point operating procedures that SoCalGas is  implementing, and to request Commission authorization to include the revised  operating procedures in Rule 30. SoCalGas says this step is being taken in  anticipation that it will be replaced with a system of firm tradable intrastate  transmission rights in Gas Industry Restructuring (GIR) proceeding, I.99-07-003.
During  the GIR panel hearings, several parties requested that SoCalGas publish its  windowing criteria in tariffs to facilitate a better understanding of the method  used to allocate receipt point  capacity.  SoCalGas agreed to make  such a filing, and D.99-07-015 directed SoCalGas to file an advice letter adding  windowing information to its tariffs.  To comply with this directive, on August  6, 1999, SoCalGas filed AL2837, which has not been acted on by the Commission.
Customer complaints about SoCalGas' windowing  procedures have convinced SoCalGas that it should replace its internal  windowing operating procedures with a system that is open to the maximum  operating capacity at each SoCalGas receipt point.  SoCalGas is making these internal  operating changes effective November 1, 2001.  SoCalGas held meetings with upstream  pipelines on October 17, and with interested customers and stakeholders on  October 18, regarding the upcoming changes.  They were invited to ask any questions in  the days leading up to the meetings.
Comments and/or protests are due on November 21.  Have a good  weekend!
Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite  244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:   (818) 346-6502douglass@energyattorney.com << File: mailto:douglass@energyattorney.com >>

 - AL2837-A.PDF << File: AL2837-A.PDF >>


The OCD conducted an environmental inspection of  C/S NO. 5, Thoreau and the
Bloomfield C/S.  There were no deficiencies or items of concern identified by
the agency.

Public water sampling has been rescheduled and sampling paramters have been
determined and given to the contractor who will be conducting the sampling.
C/S's 3, 4 and 5 are classified as public water systerms and are under the
jurisdiction of the Navajo Nation and EPA Region IX.

The 2nd quarter PCB Mgt. Committee meeting was held between Transwestern and
SoCal.  The purpose of this meeting was to reveiw PCB invoices for SoCals PCB
activities for which Transwestern is 86% responsible.  As a result of th is
meeting, Transwestern was billed approximately $95,000 for SoCal's quarterly
PCB management activities.

Recertified 3 individuals on the Artesia team for level 1 environmental skill
base pay.

Attended Transwestern's annual budget meeting which was held in Albuquerque.

Provided annual SPCC training to the Mountainair team for 2001.

A meeting was held with the New Mexico Regional Director of the Rocky
Mountain Elk Foundation.  A presentation was given to the Foundation
proposing an Enron Partnership with them.   The Foundation was very agreeable
and is looking forward to Transwestern's participation in their program.  A
meeting has been scheduled with the Arizona Chapter of the RMEF to discuss
opportunities for the Transwestern employees volunteer efforts in assisting
the Arizona Chpater.  An internal presentation will be given at the ETS Cross
Functional Meeting in Albuquerque in June  to the ETS employees apprising
them of opportunities for which they can participate in to assist the
foundation.

NSPS emissions testing was completed  for the "like for like"  turbine power
turbine replacement at the La Plata C/S in Colorado.  The ;unit sucessfully
passed the emissions standards for NSPS.

All environmental clearances have been received for the Red Rock Mainline
Expansion.  The only outstanding environmental issues are the air permits for
the four C/S.  A ruling has been made  by EPA Region IX and the State of
Arizona that the applications were ruled complete.  The permits are expected
to be issued in September of this year.

Emissions inventories were completed and submitted to the State of Arizona
for C/S's 1, 2 and the Flagstaff Lateral.

Standard exemptions under the VERP program were submitted to the TNRCC for
the following major source facilites:  Wt-2, Walton, Spraberry and Eldorado
C/S.


The picture must be a fake then.


FYI we sent this to treasury at their request.

 -----Original Message-----
From: 	Kleb, Steve
Sent:	Tuesday, November 27, 2001 11:12 AM
To:	Garcia, Paul
Cc:	Geaccone, Tracy
Subject:	NNG & TW Direct Cash Flow Estimate (11/27 -11/30)

Please find attached file. No major individual ($5.0 MM or greater) receipts or disbursements  anticipated over the last four days this month.


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It was great to see a friendly face!  Don't ever hesitate to wave or stop in
and say hello.  Can you believe that I had been on the 30th floor since the
summer of 1994?!  I know that sets some kind of record at Enron!!  It is kind
of fun to be up here.  The appreciation for the jobs that we do in operations
has grown over the last several years, thanks to the hard work of you and so
many others.

My family is doing great.  The children start school tomorrow.  Meagan will
be a junior in high school -- we took a brief trip with her this summer for
an early look at some colleges.  It will be a big year for Amanda -- she
starts junior high in 6th grade.  And Tyler would tell you proudly that he is
"two and a half".  What a delight he continues to be!!

I know that Erin has worked hard.  I hope that she and her husband are doing
well.  --Sally

From:  Mary Griff Gray
     08/08/2000 08:51 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: excitement

Sally --

I acted impulsively when I saw you this a.m.  I was so excited to know you
were on the 33rd floor where I was picking up United Way shirts that I didn't
control my enthusiasm over seeing you.

I apologize if I disrupted you.

Griff

P.S.  I hope your family is doing fine.  Erin graduates in December from
UT-Dallas with her masters in Speech Path.  She and her husband are doing
very well and very much in love.


Works for me.

ds

 -----Original Message-----
From: 	Ratliff, Dale
Sent:	Thursday, January 17, 2002 10:56 AM
To:	Schoolcraft, Darrell; Spraggins, Gary; Graves, Jerry; Shafer, Allen
Cc:	January, Steve; McPherson, Cliff
Subject:	RE: Verifier Training

After talking with Cliff the later part of the week of January 28 will work out the best.  Please let me know if this will not work for anyone.

Dale

 -----Original Message-----
From: 	January, Steve
Sent:	Tuesday, January 15, 2002 5:28 PM
To:	Ratliff, Dale; McPherson, Cliff
Cc:	Schoolcraft, Darrell; Spraggins, Gary; Graves, Jerry; Shafer, Allen
Subject:	FW: Verifier Training

Dale, please co-ordinate a meeting with Cliff, yourself, and the others copied on this list as soon as practicle. Allen, can you come to Houston to attend the meeting? I'd like to get this program going right away. thanks. sj

 -----Original Message-----
From: 	McPherson, Cliff
Sent:	Tuesday, January 15, 2002 4:38 PM
To:	January, Steve; Bryant, Mike; Freeman, John
Cc:	Jeffers, Joe
Subject:	Verifier Training

Gentlemen,
In preparation to comply with the Operator Qualification Rule, we need to schedule a training session for your OQ evaluators.  I know that you have reviewed the SBP Verifier Training CBT module, but we think that a better approach for non-SBP personnel would be a live trainer who can present the responsibilities of the evaluator from the perspective of the OQ rule.  The instructor we have in mind has a very good understanding of both the regulatory requirements of OQ and the process of skills evaluation.

I expect this training session to take no more than a day.  Please let me know a couple of dates when this class could be presented to the personnel of your choice.  Once we know how many people and when to schedule classes, we'll contact the instructor.  (Trainer is not available the last week of February and the first week of March)   Please reply within the next week so that we can reserve time on the instructor's schedule.

Call if you have questions or concerns.  (713-345-6857)


Looks good. Call me when you have a second. 713-853-5587

	"Meringolo, Peter" <PMeringolo@brobeck.com>
	10/12/2000 08:09 PM

		 To: "'Richard.B.Sanders@enron.com'" <Richard.B.Sanders@enron.com>,
"'msmith1@enron.com'" <msmith1@enron.com>, "'David_Aamodt@pgn.com''"
<David_Aamodt@pgn.com'>, "'Mary.Hain@enron.com'" <Mary.Hain@enron.com>,
"'jkeller@enron.com'" <jkeller@enron.com>, "'mday@gmssr.com'"
<mday@gmssr.com>, "Fergus, Gary S." <GFergus@brobeck.com>
		 cc:
		 Subject: Draft Letter re: Enron's Production Pursuant to CPUC Subpoena

Per Gary Fergus' request, below is the text of a draft letter to be enclosed
with the documents Enron is producing tomorrow to the CPUC for your review
and approval.  Please provide me with any comments ASAP.  We plan to deliver
the documents to the CPUC before the close of business tomorrow.

Peter P. Meringolo
Brobeck, Phleger & Harrison LLP
Spear Tower
One Market
San Francisco, CA 94105
Main:  (415) 442-0900
Direct:  (415) 442-1285
Fax:  (415) 442-1010

DRAFT

Harvey Morris Esq.
California Public Utilities Commission
505 Public Utilities Commission
San Francisco, California   94102

  Re:   I.00-08-002  Subpoenas Served on Enron Power
Marketing, Inc. ("EPMI"), Enron Energy Services Operations Inc. and Enron
Energy Services Inc. (collectively referred to as "EES"), Enron Energy
Marketing Corporation ("EEMC"), and Portland General Electric Corporation
("Portland General")(collectively sometimes referred to as the "Enron
Entities")

Harvey,

 As set forth in Gary Fergus' e-mail message dated October 6, 2000,
and pursuant to our conference call today, the Enron Entities are producing
the enclosed documents (Bates numbered "Enron Entities 000001-_______")
pursuant to the above described subpoenas issued by the California Public
Utility Commission (hereinafter "the Commission").

 The Enron Entities produce these documents pursuant to our email
exchange of October 3, 2000 with the understanding that the Commission
agrees that by producing these documents, the Enron Entities have not waived
any objections or challenges to these subpoenas whatsoever and that any
claims, defenses, objections, jurisdictional or otherwise or other responses
have been specifically reserved and can be raised in the future, if
necessary.

 In addition, the Enron Entities produce these documents with the
understanding that if any entity obtains a more stringent protective order
than the one currently in place, that all of the Enron Entities document
productions will be protected by the most stringent protective order.  In
addition, if, at the request of any party or nonparty to this proceeding,
the Commission or a court of competent jurisdiction orders that the requests
for production be limited, reduced or eliminated, the Enron Entities reserve
the right to limit the production of documents in conformance with such
order.

Brobeck Phleger & Harrison LLP

Peter P. Meringolo

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
BROBECK PHLEGER & HARRISON LLP
http://www.brobeck.com


All -

Please find the attached presentation regarding Project Hurricane current status,

Steve Jernigan


No physical Power CPs on this list.

From: Tana Jones on 07/12/2000 11:06 AM
To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: EOL Credit Responses 07/10/00

I don't see that I got a response from Leslie on the above list.  Can you
check this one too?  Thanks!
----- Forwarded by Tana Jones/HOU/ECT on 07/12/2000 11:06 AM -----

	Tom Moran
	07/10/2000 05:20 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Brant Reves/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, David
Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 07/10/00

Please find attached Credit's EOL responses for 7/10/00.

Regards
tm


Start Date: 12/17/01; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121708.txt


FERC held its meeting today.  Big things happened.

Northeast

FERC approves PJM conditionally as the RTO "platform" to be used to form one
RTO in the northeast.  FERC rejects the New York and New England RTO
proposals and directs the three ISOs and all interested parties to
participate in a mediation led by a FERC Settlement Judge with assistance
from outside consultants.  The purpose of the mediation proceeding is to
facilitate the formation of a single RTO in the Northeast.  The mediation
must begin within one week from today and must conclude 45 days thereafter.
The Judge must then submit a report to the Commission 10 days thereafter,
which will include an outline of the proposal to create a single northeast
RTO, milestones for the completion of intermediate steps, and a deadline for
submitting a joint proposal.

While the Commission has not formally extended the RTO implementation date
(currently December 15, 2001), Chairman Hebert made comments a couple of
weeks ago and again today that perhaps the December 15, 2001 may have to slip
some.  We will continue to monitor this issue.

Donna Fulton is sending separately a write up of similar action the
Commission took with regard to the Southeast RTO effort.

Please call me if you have any questions or comments.

Sarah


Thanks Tanya, you're the best!

	Tanya Rohauer
	01/25/2001 07:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Credit Distribution

Bill Bradford
Debbie Brackett
Tanya Rohauer
Jason Williams
Brant Reves
Russell Diamond
Rudwell Johnson
Daren Vanek
Veronica Espinoza
Paul Radous
Ken Curry
Aparna Rajaram
Wendi LeBrocq
Tom Moran
Nidia Mendoza
Wendy Conwell
Ed Sacks
Veronica  Gonzalez

Not all of these people actively negotiate docs (Tom, Veronica G, Wendi,
Wendy,etc) but should be on the distribution nonetheless. The only people I
have left off are EES, EBS, etc.  Let me know if you have questions.


HAVE 2100 FOR JULY.

713.853.9351


You added sscott5, not sscott3, to the list...I'm with natural gas trading.

Thanks,
Susan M. Scott

 -----Original Message-----
From: 	Binns, Darran
Sent:	Tuesday, July 17, 2001 11:17 AM
To:	Scott, Susan M.
Subject:	FW: Weekly NERC Call

 -----Original Message-----
From: 	Yeung, Charles
Sent:	Tuesday, July 17, 2001 10:58 AM
To:	Binns, Darran
Subject:	RE: Weekly NERC Call

Darran please add sscott3@enron.com to this list and forward the earlier email with the attachment to her as well.

 -----Original Message-----
From: 	Binns, Darran
Sent:	Tuesday, July 17, 2001 10:51 AM
To:	Yeung, Charles; Steffes, James; Walton, Steve; Rodriquez, Andy; Perrino, Dave; Bestard, Jose; Nicolay, Christi; Novosel, Sarah
Subject:	Weekly NERC Call

Just a freindly reminder that the weekly NERC conference call will be taking place at 2:30pm Central today in Houston.  If you need any further information please contact Darran Binns @ 713-345-3747


I tried my new sweatpants on and I really like them.  Thanks.

Where is the place you used to get your car serviced?


Planning on it.  Free food...


The following items were presented in this week's corporate change control....

Feb. 2
From 6:00 - 9:00 a.m., the Envision team will re-index the databases.  This outage will affect corporate-wide applications accessing the Envision web query, FileNet Panagon IDM Desktop, FileNet IDM for R3, Panagon Capture professional. Users will be able to access IBuyit and IPayit from SAP but will not be able to view invoices.

Feb. 16
From 10:30 - 11:30 p.m., the Omaha Infrastructure team will reconfigure the power connections for the Omaha Inverse MUX.  This change will result in a total disruption of IP communication between Omaha and Houston.  The outage should only last for a few minutes.  The maintenance time will be coordinated with the HotTap helpdesk to ensure processing has been completed.  All support staff whose applications are affected by this outage should communicate this change to their customers.  Please ensure they are aware of the possibility of an extended outage in the event the Inverse MUX does not properly re-establish communications.  LAT and DecNet communications for gas control will not be affected by this maintenance.

ETS Solution Center - Houston, at 713-345-4745
ETS Solution Center - Omaha, at 402-398-7454


Well, this shows the direction in which the "new" Commission is heading.  The
very good news, though, is that  TW's proposal was included in both
settlements (now that's hedging!).  Thus,  the benefits to TW were preserved
under both proposals.  Congratulations.  That's fantastic--hard work that
paid off.

We will of course express out extreme dissappointment with the PD, and point
out that this decision condemns California to a 20th century infrastructure,
when the state's 21st century economy demands much, much better.

We should discuss.  Since the PD empowers the likes of Norm and Florio, it
will be important to play very close attention to implementation of Hector.

Sorry to have to be the one to deliver the news.   But we have a knack of
making lemonade out of lemons and we'll do out best to do the same here,
whatever turns up at the end.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 11/22/2000 05:53 PM -----

	Michael.Alexander@sce.com
	11/22/2000 05:27 PM

		 To: Paul_Amirault%SCE@sce.com, tomb@crossborderenergy.com, burkee@cts.com,
craigc@calpine.com, rick.counihan@greenmountain.com, jdasovic@enron.com,
MDay@GMSSR.com, Douglas.Porter@sce.com
		 cc: Colin.Cushnie@sce.com, INGGM@sce.com
		 Subject:

The PD in the Gas Restructuring is out.   I have yet to read the whole
thing, but the title "Approval With Modifications Of The Interim
Settlement..." does not bode well.  According to Steve Watson (and I only
have Steve's statement second hand), the decision reflects a fear that the
timing is wrong in light of the current volatile gas price market.

(See attached file: Proposed.doc)

--
Michael S. Alexander
Southern California Edison
626-302-2029
626-302-3254 (fax)

 - Proposed.doc


Mike -- how about Lisa Jacobson?

 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Monday, August 27, 2001 8:24 AM
To:	Terraso, Michael
Cc:	Kean, Steven J.
Subject:	RE: Speaker from Enron

Mike,

I think it makes sense to send somebody from Enron to make a presentation,
given our relationship with the Wharton School. I  think it can be somebody
below Steve's level - the occasion does not justify allocating
time of a senior executive.

Vince

 -----Original Message-----
From: 	Terraso, Michael
Sent:	Monday, August 27, 2001 7:57 AM
To:	Kaminski, Vince J
Subject:	FW: Speaker from Enron

Vince, What is your opinion regarding the value of making a presentation?  Mike

 -----Original Message-----
From: 	Kean, Steven J.
Sent:	Friday, August 24, 2001 12:45 PM
To:	Terraso, Michael
Cc:	Kaminski, Vince J
Subject:	RE: Speaker from Enron

Please discuss with Vince.  I don't know how to engage relative importance

 -----Original Message-----
From: 	Terraso, Michael
Sent:	Friday, August 24, 2001 11:25 AM
To:	Kean, Steven J.
Subject:	RE: Speaker from Enron

Steve, if you think it would be of value to have someone speak  on at the Wharton School Energy Club, I can develop a presentation addressing the topic Global Warming and the Energy Industry.  Mike

 -----Original Message-----
From: 	Kean, Steven J.
Sent:	Friday, August 24, 2001 7:22 AM
To:	Terraso, Michael
Subject:	FW: Speaker from Enron

Look at the topic below.  Should we send somebody?
 -----Original Message-----
From: 	Kaminski, Vince J
Sent:	Thursday, August 23, 2001 5:43 PM
To:	Kean, Steven J.
Cc:	Patrick, Christie
Subject:	FW: Speaker from Enron

Steve,

I have received an inquiry from a professor at the Wharton School who
would like to invite a senior executive from Enron to speak at their
Energy Club. I gave him your name, so you can expect a call from him or one
of his associates.

Sorry if I put another burden on your shoulders.

Vince

 -----Original Message-----
From: 	"Kleindorfer, Paul" <kleindorfer@wharton.upenn.edu>@ENRON [mailto:IMCEANOTES-+22Kleindorfer+2C+20Paul+22+20+3Ckleindorfer+40wharton+2Eupenn+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Thursday, August 23, 2001 11:58 AM
To:	'vkamins@enron.com'
Subject:	FW: Speaker from Enron

Vince:

We are moving along on the weather derivatives project.  Had a good meeting with Joe Hrgovic and others on the project and we are now interviewing a number of distribution utilities.

On another note, our Energy Club is fairly active at Wharton and would be very interested in featuring Terence Thorn if he is still with Enron (or your senior Government Affairs person if Mr. Thorn has left Enron).  Could you kindly let me know how to contact Mr. Thorn (or his replacement) so I can speak with him/her briefly.  My alterior motive in asking you to do this is that you might copy him on your email to me so that he knows we are doing some work together.

Thanks in advance.

Paul

-----Original Message-----
From: Richard, Amy [mailto:amyricha@wharton.upenn.edu]
Sent: Wednesday, August 22, 2001 4:18 PM
To: 'kleindorfer@wharton.upenn.edu'
Subject: Speaker from Enron

Paul,

The speaker from Enron that I told you yesterday that I was interested in bringing in for the Energy Club Speaker Series is Terence H. Thorn, senior vice president, Environmental and International Government Affairs. A colleague of mine heard him speak in Kyoto in 1997 and said he gave a superb talk. As of 2000 he was still in this position, though I could not verify that he is now.

The proposed topic is Global Warming Policy and the Energy Industry.
---How will the Bonn agreement affect global strategy? What will be the near-term and long-term consequences of the agreement?
---How does US non-participation affect US market strategies versus strategies in participating countries?
---What is Enron's current position on global greenhouse gas policy? How is Enron managing and hedging this position?
---How will developing country energy markets participate in greenhouse gas mitigation?

The Energy Club Speaker Series takes place every other Monday from 4:30 to 6:30. There are a number of dates open during Fall semester.

I appreciate very much your help in trying to arrange this. Please let me know if there is any other information you need.

Thank you,
Amy

-----Original Message-----
From: Robbins, Michael C
To: Richard, Amy
Sent: 8/22/2001 1:14 PM
Subject: RE: enron

Hi Amy,
Did a little search on Enron's website and happened upon the guy's name.
Terence H. Thorn, senior vice president, Environmental and International
Government Affairs. Not sure if he is still with the company but see
what your professor thinks. I will try to get my hands on his paper from
the March 1997 meeting as well.

Michael

-----Original Message-----
From: Richard, Amy
To: Robbins, Michael C
Sent: 8/21/2001 6:28 PM
Subject: enron

Hi Michael

Remember we talked about the Kyoto conference and you said you heard the
Govt Affairs guy at Enron give an amazing speech about global warming? I
ran the idea to get a speaker on global warming by the 2nd yr in charge
of the Energy Club (http://dolphin.upenn.edu/~energy), and he thought
that would be great. And furthermore, the prof who I do research
for(Paul Kleindorfer)said he is very well connected with the big guys at
Enron and would love to jointly sponsor the talk. SO, do you remember
the guy's name? Was it Robert Reilly possibly? I don't know if he would
still be there but we can try.

Thanks-
Amy Richard


Mr. Wolfeman,

I just want to make sure that you have prepared diligintly for the
storm that lies ahead for you this week.  Have you readied you psyche for
what is sure to be trying times for you and your personality disorders?
Have you stepped up physically to meet the demands that will be placed on
your less than adequate physical being?  Have you sought to stabilize your
all to unstable intellect as it will no doubt find itself constantly
belittled by far superior individuals? Jason, I ask you these things not to
intimidate you, but to warn you that most likely you will be the loser of
the group and to make sure that the others attending will not be
dissappointed with your 'loserness' so to speak.  I, however, am confident
that you will live up to all the you can be, nay, to all that you are.  I,
Mr. Wolfe, am placing such a responsibilty on you, because I know that you
have waited your whole life for just such a moment, and I am both happy and
proud to present you with just such an opportunity.  May this be the
beginning of many great things.

Lane

PS  If you need anything else, you might want to contact some of the other
people going as we are moving floors and I will not have my computer or
phone for the next couple of days.

This message is for the designated recipient only and may contain
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Listened in this afternoon. Essentially this is the capacity market that was
discussed at the meeting I went to last week. Nothing solved or implemented,
lots of arguments and whining.

Bob


The meeting has been scheduled in E111 from 11-11:30.  Please be prompt.
Thanks.

> Olin has asked for a meeting with himself, Bill and you to discuss the
> role of Assistant Deans.  Will from 11-11:30 or 11:30-12 on Tues., 11/27
> work?  Please reply by email asap.  Thanks.
>
>


We approach  another 'Holiday Weekend' and far too many will  forget the reason for "Memorial Day".
A comrade from years ago, now living in Bangkok, sends  this address, really a prayer, that puts the day we honor our heroes in perspective. It was  delivered at the close of World War II , on an island that saw some of the fiercest fighting of that terrible war. The message is timeless.

Jack Rains
Houston
***************************************************************************************************************************************************
14 March 1945

U.S. Marine Corps, 5th Division, Cemetery, Iwo Jima Composed and delivered by Rabbi R. B. Gittlesohn, Chaplain, U.S.M.C.

This is perhaps the grimmest, and surely the holiest, task we have faced since D-Day.  Before us lie the bodies of comrades and friends.  Men, who until yesterday or last week, laughed with us, trained with us, men who were on the same ships with us, and went over the sides with us as we prepared to hit the beaches on this island, men who fought with us and feared with us.

Somewhere in this plot of ground there may lie the man who could have discovered the cure for cancer.  Under one of these Christian Crosses, or beneath a Jewish Star of David, there may rest now a man who was destined to be a great prophet ... to find the way, perhaps, for all to live in plenty.
Now they lie here silently in this sacred soil, and we gather to consecrate this earth in their memory.

To speak in memory of such men as these is not easy.  Of them, too, can it be said with utter truth: "The world will little note nor long remember what we say here.  It can never forget what they did here."  These men have done their job well.  They have paid the ghastly price of freedom.  If that freedom be once again lost, as it was after the last war, the unforgivable blame will be our, not theirs.  So it is we, the living, who are here to be dedicated and consecrated.

We dedicate ourselves, first, to live together in peace the way they fought and are buried in this war.  Here lie men who loved America because their ancestors generations ago helped in her founding, and other men who loved her with equal passion, because they themselves or their fathers escaped from oppression to her blessed shores.  Here lie officer and men, Blacks and Whites, Protestants and Catholics and Jews, together.  Here no man prefers another because of his faith or despises him because of his color.

Any man among us, the living, who fails to understand that, will thereby betray those who lie here dead.  To this, then, as our solemn, sacred duty, do we the living now dedicate ourselves: To the right of Protestants, Catholics and Jews, of White and Black men alike, to enjoy the democracy for which all of them have here paid the price.

To one thing more do we consecrate ourselves in memory of those who sleep beneath these crosses and stars.  This war, with all its frightful heartache and suffering, is but the beginning of our generation's struggle for democracy.  When the last battle has been won, there will those at home, as there were last time, who will want us to turn our backs in selfish isolation on the rest of organized humanity, and thus to sabotage the very peace for which we fight.  We promise to you who lie here: We will not do that!

When the last shot has been fired, there will still be those whose eyes are turned backward, not forward, who will be satisfied with those wide extremes of poverty and wealth in which the seeds of another war can be sown.  We promise you, our departed comrades: This, too, we will not permit.  This war has been fought by the common man!  We promise, by all that is sacred and holy, that your sons, the sons of miners and millers, the sons of farmers and workers, will inherit from your death the right to a living that is decent and secure.

Thus do we memorialize those who, having ceased living with us, now live within us.  Thus do we consecrate ourselves, the living, to carry on the struggle they began.  Too much blood has gone into this soil for us to let it lie barren.  Too much pain and heartache have fertilized the earth on which we stand.  We here solemnly swear: This shall not be in vain!  Out of this, and from the suffering and sorrow of those we mourn, this will come, we promise, the birth of a new freedom for the sons of men everywhere.

Amen

Jack Rains

Office:1300 Post Oak Blvd.
Houston, Texas,  77056
713 986 7133 voice
713 986 7100 fax (office)
713 864 2503 fax (home)
email: jrains@lrmlaw.com (office)
jmrtexas@swbell.net (home)
Website: http://www.lrmlaw.com


Start Date: 4/30/01; HourAhead hour: 10;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001043010.txt
Error: Invalid variant type conversion

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM


richard --

i asked gary to fax this to your hotel, but as you can see below, it didn't
happen.  attached is the AG subpoena.

Linda Guinn
Enron North America
1400 Smith Street
Houston, Texas  77002
(713) 853-6104
(713) 646-3393 (fax)

----- Forwarded by Linda R Guinn/HOU/ECT on 06/07/2001 01:29 PM -----

	"Chen, Jane " <JChen@brobeck.com>
	06/07/2001 10:40 AM

		 To: "'linda.r.guinn@enron.com'" <linda.r.guinn@enron.com>
		 cc:
		 Subject: Memo & AG Subpoena to EES

Per your request, attached please find the AG Subpoena to EES and our memo
analyzing the subpoena.  We did not fax the memo to the hotel because we are
unsure of the security there.

Thank you.
jane

Jane Chen
Brobeck, Phleger & Harrison, LLP
Assistant to Gary Fergus & Kirstin Wolf
SF ext. 2944
SF rm. 2917c
DD (415) 979-2944

 <<Memo to R. Williams re Subpoena from CA AG.DOC>>
<<AG.Subpoena.EES.05.29.01.pdf>>

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 - Memo to R. Williams re Subpoena from CA AG.DOC
 - AG.Subpoena.EES.05.29.01.pdf