----- Forwarded by Jeff Dasovich/NA/Enron on 03/14/2001 06:23 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/14/2001 05:49 PM

		 To: Katie Kaplan <kaplan@iepa.com>, "'Andy Brown (E-mail)'"
<ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>,
"'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante
(E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Douglas Kerner (E-mail)'"
<DKK@eslawfirm.com>, "'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan
Smutny-Jones (E-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (E-mail)'"
<Jeff.Dasovich@enron.com>, "'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John
Larrea (E-mail)'" <john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Kristin Vellandi
(E-mail)'" <kvellandi@pstrategies.com>, "'Lynn Lednicky (E-mail)'"
<lale@dynegy.com>, "'Marty Wilson (E-mail)'" <mwilson@pstrategies.com>,
"'McNally Ray (E-mail)'" <rmcnally@mcnallytemple.com>, "''Nam Nguyen'
(E-mail)'" <nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Rob Lamkin (E-mail)'" <rllamkin@seiworldwide.com>, "'Roger Pelote
(E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell (E-mail)'"
<stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Theo Pahos (E-mail)'" <tpahos@ppallc.com>, "'Tom Ross
(E-mail)'" <tross@mcnallytemple.com>, "Carol H Hudson (E-mail)"
<Chudson@iepa.com>, steven kelly <steven@iepa.com>, "'Anne Kelly (E-mail)'"
<kelly@hnks.com>, "'Chuck Cole (E-mail)'" <ccole@advocation-inc.com>,
"'Delany Hunter (E-mail)'" <dhunter@smithandkempton.com>, "'DJ Smith
(E-mail)'" <djsmith@smithandkempton.com>, "'Hedy Govenar (E-mail)'"
<hgovenar@acom2.com>, <mmoretti@mccabeandcompany.net>, "'Maureen OHaren
(E-mail)'" <Oharen@hmot.com>, "'Mike Monagan (E-mail)'" <mrmonagan@aol.com>,
"'Phil Isenberg (E-mail)'" <isenberg@hmot.com>, "'Robert Ross (E-mail)'"
<robbiz@cwo.com>, "'Ron Tom (E-mail)'" <Rtom@govadv.com>, "'Scott Govenar
(E-mail)'" <sgovenar@govadv.com>, "'Susan Mccabe (E-mail)'"
<sfmccabe@mindspring.com>, <rtemple@mcnallytemple.com>,
<megan.beiser@edelman.com>, <tracy.fairchild@edelman.com>,
<deborah.fiorito@dynegy.com>, <tcwillia@duke-energy.com>, <mstultz@epsa.org>,
<lchurch@epsa.org>
		 cc:
		 Subject: IEP News Update

Following is the latest IEP news . including an Associated Press story that
quotes Jan's response to the State Senate Investigation announced earlier
today.

Thanks,
Jean

______________________________________
March 14, 2001, Wednesday, BC cycle
5:10 PM Eastern Time

SECTION: State and Regional

LENGTH: 941 words

HEADLINE: California lawmakers probe energy markets for manipulation

BYLINE: By JENNIFER COLEMAN, Associated Press Writer

DATELINE: SACRAMENTO, Calif.

BODY:

  State lawmakers announced Wednesday they will investigate whether energy
wholesalers manipulated California's power and natural gas markets to drive up
prices, a probe they say could lead to action by the state attorney general.

  Meanwhile, federal regulators said they will make several changes in
oversight to expand the West's power supply, including speeding approval of
natural gas pipeline projects and letting major power users who cut
consumption
resell the electricity they save.

  In California, Senate leader John Burton announced creation of a committee
to
investigate the state's volatile electricity market. A similar Assembly panel
has been formed to look into natural gas prices. Both expect to begin hearings
next month.

  The state has been struggling with a tight electricity supply since summer
due in part to high natural gas prices and power plant outages for scheduled
and
unplanned maintenance.

  Burton said he suspected electricity wholesalers shut down plants to create
an artificial shortage and boost prices. If lawmakers find evidence of that,
they will turn it over to the state attorney general for action, which could
include prosecution and court action to seek refunds.

  "Clearly, early evidence suggests that there has been market manipulation by
the power generators which led to rolling blackouts and then higher
electricity
prices," said Burton, D-San Francisco, referring to outages that hit Northern
Californians twice in January.

  California saw a modest 4 percent increase in demand in one year, while
wholesale power prices in that time rose 328 percent, he said.

  Committee Chairman Joe Dunn said the panel will ask energy wholesale
executives to testify, and issuing subpoenaes if necessary. Duke, Dynegy,
Mirant
and Reliant will be among major providers included, he said.

  Jan Smutny-Jones, executive director of the Independent Energy Producers
industry group, said wholesalers will cooperate, but warned that if it
becomes a
"witch hunt" it could discourage them from building plants in California.

  "We believe this investigation will find nothing except that power producers
have been working around the clock to keep the lights on in California," he
said
in a written statement.

  Burton said the investigation could affect any rescue deal Gov. Gray Davis
crafts with the state's two largest utilities, Pacific Gas and Electric and
Southern California Edison.

  Davis is negotiating the state purchase of transmission lines owned by
Edison, PG&E and a third investor-owned utility, San Diego Gas & Electric, to
help Edison and PG&E pay their wholesale power bills.

  Lawmakers need to know how much of the money owed to the wholesalers "is
reasonable and how much of it was basically gaming the system," Burton said.

  The power generators blame the high prices on poor planning by California
lawmakers who voted to deregulate the state's electricity market in 1996.

  That law prevents PG&E and Edison from passing on high wholesale prices to
their customers. The utilities say they are nearly $14 billion in debt and on
the brink of bankruptcy due to wholesale power prices that have soared since
June, in part because of rising natural gas prices.

  Wholesalers have cut off their credit, leading the state to buy power for
them. California has committed $3.7 billion in tax money to such purchases
since
early January and plans to recoup it from utility customers over several
years.

  The California Independent System Operator, which oversees the state's power
grid, says generators imposed "unjust and unreasonable" charges totaling $555
million during December and January.

  The Federal Energy Regulatory Commission, a strong supporter of
deregulation,
last week found that wholesalers have been overcharging for California
electricity, ordering 13 companies to refund $69 million. It gave the
companies
until March 23 to appeal.

  Attorneys general in California, Washington and Oregon are pursuing similar
investigations. U.S. Rep. Anna Eshoo, D-Calif., has asked the Justice
Department
and Federal Trade Commission to launch inquiries.

  Sen. Bill Morrow, R-Oceanside, said he wasn't "overly impressed with
investigative efforts so far on the federal level with FERC and others in
their
willingness to actually turn over the stones."

  Tom Williams, spokesman for North Carolina-based Duke Energy, expressed
annoyance at the news of a Senate probe.

  "It is wearing thin," said Williams, noting that Duke already has been
subjected to federal investigations and has testified twice before the state's
legislative energy committee, with no findings of wrongdoing.

  The Assembly committee is investigating natural gas pipeline capacity and
reserves. That committee plans to call gas company executives and FERC
representatives to testify.

  Because natural gas is largely regulated by the federal government,
lawmakers
are trying to determine whether they have authority to investigate market
manipulation, said Assemblyman Fred Keeley, D-Boulder Creek.

  In Washington, FERC said it would overhaul its regulation of the Western
energy market to increase supply. Changes include:

  - Letting large commercial power users sell power they save at a wholesale
rate to be set by the commission.

  - Reallocating FERC staff to work on applications for natural gas pipeline
and hydroelectric projects.

  - Urging hydroelectric plant operators to examine how they can more fully
use
their available water resources by adding or upgrading turbines or making
other
improvements.

  On the Net:

  California ISO: www.caiso.com

  FERC: www.ferc.fed.us

GRAPHIC: AP Photos SC101-102

LOAD-DATE: March 14, 2001

                              10 of 28 DOCUMENTS

                   The Associated Press State & Local Wire

The materials in the AP file were compiled by The Associated Press.  These
materials may not be republished without the express written consent of The
Associated Press.

                     March 14, 2001, Wednesday, BC cycle

                             4:13 PM Eastern Time

SECTION: State and Regional

LENGTH: 203 words

HEADLINE: Senate rejects utility bankruptcy bill

BYLINE: By MARCY GORDON, AP Business Writer

DATELINE: WASHINGTON

BODY:

  A proposal that would have required California's financially troubled
utilities to pay their power bills even if they file for bankruptcy protection
was rejected Wednesday by the Senate.

  Senaourt to avoid their debts," Wyden said.

  The proposal had brought objections from Sen. Dianne Feinstein, D-Calif.,
who
said it would put the Senate in the inappropriate position of deciding the
"pecking order" of creditors in a bankruptcy proceeding.

  California's two biggest utilities, Southern California Edison and Pacific
Gas and Electric, say they've been pushed to the brink of bankruptcy by more
than $13 billion in high wholesale power costs that state law has barred them
from recouping from consumers.

  Both were denied credit by electricity wholesalers earlier this year. To
keep
the lights on for their customers, the state in early January began spending
billions to buy power on their behalf.

  Meanwhile, Gov. Gray Davis is negotiating with Edison, PG&E and the state's
third investor-owned utility, San Diego Gas & Electric Co., to purchase their
transmission lines.

  The governor says the state acquisition would give the utilities a
much-needed influx of cash and help them pay their debts.

LOAD-DATE: March 14, 2001

                              12 of 28 DOCUMENTS

                   The Associated Press State & Local Wire

The materials in the AP file were compiled by The Associated Press.  These
materials may not be republished without the express written consent of The
Associated Press.

                     March 14, 2001, Wednesday, BC cycle

                             2:37 PM Eastern Time

SECTION: State and Regional

LENGTH: 1326 words

HEADLINE: California's electricity crisis at-a-glance

BYLINE: By The Associated Press

BODY:

  Here is a look at developments in California's electricity crisis:

  WEDNESDAY:

  - Sens. John Burton and Joe Dunn announce a Senate committee will
investigate
whether power generators illegally manipulated California's electricity market
to drive up prices over the past year. If the panel finds wrongdoing, the
state
attorney general should sue for refunds, Burton said.

  The committee will ask wholesalers' executives to testify, and subpoena them
if they refuse, said Burton, D-San Francisco, the Senate leader.

  - A legislative aide says the Senate panel is considering issuing subpoenaes
for wholesaler documents on the California market and asking the companies'
executives to testify.

  - Duke Energy spokesman Tom Williams expresses annoyance at the news of a
Senate probe, saying there have already been several investigations and no
finding of wrongdoing.

  - Assemblyman Fred Keeley says the Assembly has formed a committee to look
into natural gas issues. Because natural gas is largely regulated by the
federal
government, lawmakers are trying to figure out whether they have the authority
to investigate whether supply and prices were manipulated.

  - Gov. Gray Davis' administration continues negotiations with Edison, PG&E
and San Diego Gas & Electric over the governor's plan to buy their
transmission
lines to help Edison and PG&E pay their debts.

  - The state remained free of power alerts as power reserves stayed at
healthy
levels.

  - Assembly members Fred Keeley and Hannah-Beth Jackson and environmental
groups plan a news conference to urge approval of energy conservation and
renewable energy proposals.

  TUESDAY:

  - Davis issues an executive order promising 20 percent rebates to Southern
California Edison, Pacific Gas and Electric Co. and San Diego utility
customers
who cut power use 20 percent this summer.

  - Legislative Analyst Elizabeth Hill's office says Davis is underestimating
California's summer electricity shortage. The state faces a shortfall of 3,900
to 7,100 megawatts during daily periods of peak demand, the report says. One
megawatt is enough for about 1,000 homes.

  Using flawed state Energy Commission numbers, the governor is overestimating
how much new electricity generation will be online this summer, especially
early
in the season, and overestimates savings from conservation, the report says.

  - The state Senate plans to form a special committee to investigate whether
power generators illegally manipulated California's electricity market to
drive
up prices. The suppliers vehemently deny such allegations.

  - Citing skyrocketing energy costs, particularly in the West, President Bush
backs off a campaign pledge and tells Congress he will not regulate carbon
dioxide emissions from power plants. The decision comes after heavy lobbying
from the coal industry and is a blow to conservationists who see curbing
emissions of such "greenhouse gases" as key to reducing global warming.

  - State Controller Kathleen Connell says legal issues prevent her from
releasing records on state power purchases sought under the state open records
law by The Associated Press and several other news organizations. Connell says
she is awaiting an opinion by Attorney General Bill Lockyer on whether she can
release the information. Davis opposes releasing it.

  - Secretary of State Bill Jones calls for an audit of the state's energy
spending, saying the secrecy around the contracts for power purchases has led
to
a lack of oversight and accountability.

  - Proposals for two new power plants that could be running by summer have
been received by the California Energy Commission. The plants, which together
will produce 225 megawatts, will be fast-tracked through the application
process
to help meet higher electricity demands this summer. That's roughly enough
power
for 225,000 homes.

  - Officials say guidelines expected Wednesday on whether Edison, PG&E or
their customers will begin paying off the $3.7 billion in taxpayer money
committed to buying power on their behalf will likely be delayed.

  - No power alerts are declared, as operators of the state grid continue to
find enough electricity to meet demand.

  - Eight California counties expect to lose $11.1 million in property taxes
in
the next five months because the five energy producers who owe the money say
they are due even more from Southern California Edison. Some school districts
in
those counties - Imperial, San Joaquin, Riverside, Alameda, Contra Costa,
Inyo,
Kern and San Bernardino - say the defaults could hurt their ability to finance
expansions or repairs.

  - Utah Gov. Mike Leavitt meets with Los Angeles city officials to discuss
expanding a coal-fired power station in Utah to send electricity to Southern
California.

  - The United Farmworkers Union holds a protest in Blythe, a desert community
near the Arizona border, to protest a proposed power plant opponents contend
would pollute the air farmworkers breathe.

  - U.S. Rep. Anna Eshoo, a Palo Alto Democrat, asks U.S. Attorney General
John
Ashcroft to investigate whether electricity wholesalers engaged in unlawful
trade practices to drive prices higher.

  - A 510-megawatt power plant in western San Diego County moved a step closer
to final approval. The Otay Mesa generating project won approval from the
California Energy Commission's siting committee. The public 30 days to comment
on the plan.

  - Edison International stock falls 47 cents a share to close at $14.88;
Pacific Gas and Electric Corp. stock closes at $14.24, dropping 28 cents a
share.

  WHAT'S NEXT:

  - The Legislature considers dozens of bills to encourage energy
conservation,
increase alternative power and streamline power plant siting.

  - The California Public Utility Commission meets Thursday to consider
whether
to bar PG&E and Edison from laying off about 3,000 workers. The utilities say
it
could help them cut costs and ease their $14 billion debt. A PUC
administrative
law judge says the layoffs could cause response times to customer outages to
suffer.

  The PUC will also discuss restructuring the interruptible customer program.
The program gives big electricity users a discounted rate in return for
shutting
down their power when the state is short of electricity. After January's
rolling
blackouts, the PUC froze the program and said PG&E and Edison could no longer
fine interruptible customers for not complying.

  - An order from Davis requiring businesses to substantially reduce outdoor
lighting after business hours takes effect Thursday. Businesses that fail to
comply face a potential fine of $1,000 a day.

  - Attorneys for three generators and the ISO return to federal court March
19, when a judge is expected to decide whether power suppliers can be forced
to
sell to the grid.

  - Generators have until March 23 to appeal an order by federal regulators to
refund $69 million in January power charges. The Federal Energy Regulatory
Commission required suppliers to justify prices exceeding $150 per megawatt
hour. It determined last week that some sales were priced too high, even
taking
into account high natural gas prices, air quality control costs and plant
maintenance.

  THE PROBLEM:

  - High demand, high wholesale energy costs, transmission bottlenecks and a
tight supply worsened by scarce hydroelectric power in the Northwest and
maintenance at aging California power plants are all factors in California's
electricity crisis.

  Edison and PG&E say they've lost $13.7 billion since June to high wholesale
prices that the state's electricity deregulation law bars them from passing
onto
ratepayers, and are close to bankruptcy.

  Electricity and natural gas suppliers, scared off by the two companies' poor
credit ratings, are refusing to sell to them, leading the state to start
buying
power for the utilities' nearly 9 million residential and business customers.

LOAD-DATE: March 14, 2001


Marie will verify this information first thing in the a.m.:

The Duke master is dated August 16, 1999.  It was sent for execution (to
Carol Graebner in Houston) on August 18, 1999.  I cannot verify whether
execution copies have been received by ECT.  Sara


Gary/Susan,

The INTRA-CNT-TRANS problem was on my end.  It wasn't defined properly in the
bench.

Thanks,
Robin


Here are the contents of the damaged floppy disk.  It
looks like there are multiple indices for some of the
projects.  I have included all the files, so we can sort
through to see which are the correct ones to use.  I'm
assuming that these files are not corrupted.  My machine
is too old to be able to open them.  And yet it was
sophisticated enough to recover the files.

I can only attach 5 files to an e-mail, so I'll have to
send them in multiple batches.

 - Brownsville Due Diligence Index.doc
 - Caledonia  Due Diligence Index.doc
 - Gleason Due Diligence Index.doc
 - Lincoln Center Due Diligence Index.doc
 - Lincoln Center Due Diligence Index-10-09-00.doc


Please see the following attached articles:


-----Original Message-----
From: Fletcher, Thomas
Sent: Friday, March 31, 2000 8:27 AM
To: Beard, Jaime; Canedy, Frank; Almaguer, Michael; Dewey, Daniel; Glover,
Rusty; Walker, Cole; Young, Steve; Abbott, Todd; Sanchez, Jose; Parker Baum
(E-mail); ',eprakop@earthlink.net,'; 'Eric Wilson'; 'bsneed@enscoinc.com';
Mike Marchand (E-mail); 'Ctlockwood@aol.com'; 'Burke, Donovan (CCI-New
Orleans)'; 'TIm Herbst'; Amy Pickle (E-mail); Angela Barulli (E-mail);
Ashley Burt (E-mail); Brandon Reed (E-mail); Carrie Johns (E-mail); Chad
Leeper (E-mail); Cliff Gulett (E-mail); Eric Burcham (E-mail); Erik Prakop
(E-mail); Greg Juneau (E-mail); Jen Black (E-mail); Jeremy Burt (E-mail);
Joy Moore (E-mail); Julie Duerler (E-mail); Julie Hanibal (E-mail); Karamie
Carrigan (E-mail); Katie Portacci (E-mail); Kern Courtney (E-mail); Laura
Follette (E-mail); Lillian Lofton (E-mail); Matt England (E-mail); Mike &
Carrie Foster (E-mail); Mike Marchand (E-mail); Parker Baum (E-mail);
Rebecca Kubs (E-mail); Rhett Rogers (E-mail); Shelly Abrahm (E-mail); Tommy
Mount (E-mail); Troy Combs (E-mail); 'Shilling, Aaron (A.R.)'; Amy Pickle
(E-mail)
Subject: FW: FW: GAP Gift Certificates

If this doesn't work I'm soory for wasting everyones precious time!  What's
up!
-----Original Message-----
From: Donnie VandeVen & Kristen Sutton [mailto:bruin@bayou.com]
Sent: Thursday, March 09, 2000 9:07 AM
To: VandeVen, Patty; Sutton, Charlie; Sutton, Brenda; Sutton, Billy;
Richardson, Tiffany; Morgan, Amy; Michelle Bailey; Marshall, Florence;
Kassim, Janan; Eshleman, Trisha; Crum, Lesley; Chevis, Tonya; Black, Jenn
Subject: Fw: FW: GAP Gift Certificates

-----Original Message-----
From: katiebc < katiebc@gateway.net <mailto:katiebc@gateway.net> >
To: Kathy < Specialedkat@aol.com <mailto:Specialedkat@aol.com> >; SaCe Brown
< saceb@homebuyersgroup.com <mailto:saceb@homebuyersgroup.com> >; Mary
Claude Glass < pglass@bayou.com <mailto:pglass@bayou.com> >; Mama <
panola@bayou.com <mailto:panola@bayou.com> >; Kelly Lee <
Kellyleighlee@aol.com <mailto:Kellyleighlee@aol.com> >; glen brown <
gbrown@bayou.com <mailto:gbrown@bayou.com> >; Ginny Tucker < ctuck@bayou.com
<mailto:ctuck@bayou.com> >
Date: Tuesday, March 07, 2000 5:56 PM
Subject: Fw: FW: GAP Gift Certificates

-----Original Message-----
From: creative Images < creativeimages@erols.com
<mailto:creativeimages@erols.com> >
To: CornfkGirl55@aol.com <mailto:CornfkGirl55@aol.com>  <
CornfkGirl55@aol.com <mailto:CornfkGirl55@aol.com> >; TERREE & JAKE YEAGLE <
thismoments4u@netcarrier.com <mailto:thismoments4u@netcarrier.com> >;
skovack@summitbank.com <mailto:skovack@summitbank.com>  <
skovack@summitbank.com <mailto:skovack@summitbank.com> >; Saran2201@aol.com
<mailto:Saran2201@aol.com>  < Saran2201@aol.com <mailto:Saran2201@aol.com>
>; NRcandles@aol.com <mailto:NRcandles@aol.com>  < NRcandles@aol.com
<mailto:NRcandles@aol.com> >; Lisa Grayo < lgrayo@astm.org
<mailto:lgrayo@astm.org> >; jborg1000@enter.net <mailto:jborg1000@enter.net>
< jborg1000@enter.net <mailto:jborg1000@enter.net> >; 'Fossesca, Gina' <
GFOSSESCA@ccgroupnet.com <mailto:GFOSSESCA@ccgroupnet.com> >; Betsy Basgall
< brobertson@adelphia.net <mailto:brobertson@adelphia.net> >
Date: Saturday, February 26, 2000 6:00 PM
Subject: Fw: FW: GAP Gift Certificates

----- Original Message -----
From: Cross, Thomas G. <mailto:tgcross@delinvest.com>
To: Bill  <mailto:slacker2x@aol.com> Etkin (E-mail) ; Billy (E-mail)
<mailto:bill.trojan@kmhp.com>  ; Cali (E-mail) <mailto:toads4310@aol.com>  ;
Danny  <mailto:dbeisel@tiogapipe.com> (E-mail) ; Jake (E-mail)
<mailto:jhetrick@tiogapipe.com>  ; Klonis (E-mail) <mailto:jask165@aol.com>
; Kuch (E-mail) <mailto:jdkuch@yahoo.com>  ; Laff (E-mail)
<mailto:jlaffert@hrinc.com>  ; Lawson  <mailto:dlthecleaneruper@aol.com>
(E-mail) ; Lori (E-mail) <mailto:lhuffnagle@innre.com>  ; Mark Murray
<mailto:murrama@towers.com> (E-mail) ; Paula  <mailto:holmes@emds.com>
(E-mail) ; Ragu  <mailto:BIGRAGS@aol.com> (E-mail) ; Scott Hoagburg (E-mail)
<mailto:sthoagburg@aol.com>  ; Tom Kerr  <mailto:tkerr@hamiltonlane.com>
(E-mail) ; Walrus  <mailto:rmckay@atx.com> (E-mail)
Sent: Wednesday, February 23, 2000 11:13 AM
Subject: FW: FW: GAP Gift Certificates

-----Original Message-----
From: Deanna Lenchak [ mailto:d_lenchak@hotmail.com
<mailto:d_lenchak@hotmail.com> ]
Sent: Wednesday, February 23, 2000 1:37 PM
To: LSGOODRICH@aol.com <mailto:LSGOODRICH@aol.com> ; dgoldstein@alloy.com
<mailto:dgoldstein@alloy.com> ;
HELAT00@msx.kraft.geis.com <mailto:HELAT00@msx.kraft.geis.com> ;
VOReill1@RodalePress.com <mailto:VOReill1@RodalePress.com> ;
jennifer.devers@columbia.ppdi.com <mailto:jennifer.devers@columbia.ppdi.com>
; dtoleary13@hotmail.com <mailto:dtoleary13@hotmail.com> ;
fbcampbell@hotmail.com <mailto:fbcampbell@hotmail.com> ;
morganj@email.chop.edu <mailto:morganj@email.chop.edu> ; njsnoop@aol.com
<mailto:njsnoop@aol.com> ;
glamesta@hrads.com <mailto:glamesta@hrads.com> ; june30_73@hotmail.com
<mailto:june30_73@hotmail.com> ; redsgilmore@yahoo.com
<mailto:redsgilmore@yahoo.com> ;
tgcross@delinvest.com <mailto:tgcross@delinvest.com> ; eesmith@delinvest.com
<mailto:eesmith@delinvest.com> ; SaegerR@iconus.com
<mailto:SaegerR@iconus.com> ;
KathnKirk@aol.com <mailto:KathnKirk@aol.com> ; GLCarbo@delinvest.com
<mailto:GLCarbo@delinvest.com> ; Gerdman@delinvest.com
<mailto:Gerdman@delinvest.com> ;
ktrifiletti@philamuseum.org <mailto:ktrifiletti@philamuseum.org> ;
cbuynak@mail.phila.k12.pa.us <mailto:cbuynak@mail.phila.k12.pa.us> ;
hmurray@ingfunds.com <mailto:hmurray@ingfunds.com> ; KATEMIDDLE@aol.com
<mailto:KATEMIDDLE@aol.com> ; kathyrn1@hotmail.com
<mailto:kathyrn1@hotmail.com> ;
kherncane@acsysinc.com <mailto:kherncane@acsysinc.com> ;
marybeth.oleary@bms.com <mailto:marybeth.oleary@bms.com> ;
Sandra_Luckowski@StrategicWeather.com
<mailto:Sandra_Luckowski@StrategicWeather.com> ; SEGeorge@delinvest.com
<mailto:SEGeorge@delinvest.com> ;
Timothy_Oleary@gmaccm.com <mailto:Timothy_Oleary@gmaccm.com>
Subject: Fwd: FW: GAP Gift Certificates

>From: NJSNOOP@aol.com <mailto:NJSNOOP@aol.com>
>To: Jaca527@aol.com <mailto:Jaca527@aol.com> , bwestrich@hotmail.com
<mailto:bwestrich@hotmail.com> , Prc246@aol.com <mailto:Prc246@aol.com> ,

> d_lenchak@hotmail.com <mailto:d_lenchak@hotmail.com> , TANZO44@aol.com
<mailto:TANZO44@aol.com> , DSCOPPIN@aol.com <mailto:DSCOPPIN@aol.com> ,

> CED423@aol.com <mailto:CED423@aol.com> , Potse007@aol.com
<mailto:Potse007@aol.com> , glamesta@hrads.com <mailto:glamesta@hrads.com> ,

> Gabbo1999@aol.com <mailto:Gabbo1999@aol.com> , ecushorty26@yahoo.com
<mailto:ecushorty26@yahoo.com> , Ff74@aol.com <mailto:Ff74@aol.com> ,

> AJAX991107@aol.com <mailto:AJAX991107@aol.com> , jen.brown@huntoon.com
<mailto:jen.brown@huntoon.com> , jgaughran@syscom-inc.com
<mailto:jgaughran@syscom-inc.com> ,

> KATEMIDDLE@aol.com <mailto:KATEMIDDLE@aol.com> , kdavis@coadgroup.com
<mailto:kdavis@coadgroup.com> , kristen327@hotmail.com
<mailto:kristen327@hotmail.com> ,
> LeahD75@aol.com <mailto:LeahD75@aol.com> , jgrehl@advanstar.com
<mailto:jgrehl@advanstar.com> , KattR51@aol.com <mailto:KattR51@aol.com> ,

> sandra_luckowski@strategicweather.com
<mailto:sandra_luckowski@strategicweather.com>
>Subject: Fwd: FW: GAP Gift Certificates
>Date: Tue, 22 Feb 2000 23:16:25 EST
>
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com
<http://www.hotmail.com>

  _____

Message-ID: < 32.18c763d.25e43300@aol.com
<mailto:32.18c763d.25e43300@aol.com> >
From: DSCOPPIN@aol.com <mailto:DSCOPPIN@aol.com>
To: dadams@foodtv.com <mailto:dadams@foodtv.com> , Daveadam1@aol.com
<mailto:Daveadam1@aol.com> , AJAX991107@aol.com <mailto:AJAX991107@aol.com>
,
    bemor@worldnet.att.net <mailto:bemor@worldnet.att.net> ,
Raboga123@aol.com <mailto:Raboga123@aol.com> , yadi131@hotmail.com
<mailto:yadi131@hotmail.com> ,
    dcoppin@erac.com <mailto:dcoppin@erac.com> , NJSNOOP@aol.com
<mailto:NJSNOOP@aol.com> , Kevin_Grimstead@peoplemag.com
<mailto:Kevin_Grimstead@peoplemag.com> ,
    Leshell@prodigy.net <mailto:Leshell@prodigy.net> ,
Keshawn.A.Mccleod@tst.tracor.com <mailto:Keshawn.A.Mccleod@tst.tracor.com> ,

    Shammara@Hotmail.com <mailto:Shammara@Hotmail.com> , Luvlee9538@aol.com
<mailto:Luvlee9538@aol.com> , Kmccleod@yahoo.com <mailto:Kmccleod@yahoo.com>
,
    ram312@gateway.net <mailto:ram312@gateway.net> ,
RAYWILLIAMS10@HOTMAIL.COM <mailto:RAYWILLIAMS10@HOTMAIL.COM> ,
CQuero1714@aol.com <mailto:CQuero1714@aol.com> ,
    mrascoe@midd.sps.k12.va.us <mailto:mrascoe@midd.sps.k12.va.us> ,
Karwood@hotmail.com <mailto:Karwood@hotmail.com> , SALISBO@ALPHA.ECSU.EDU
<mailto:SALISBO@ALPHA.ECSU.EDU> ,
    tuneloc@hotmail.com <mailto:tuneloc@hotmail.com> , MBS08@aol.com
<mailto:MBS08@aol.com> , aonee@zdnetmail.com <mailto:aonee@zdnetmail.com> ,
    RSol732412@aol.com <mailto:RSol732412@aol.com> , weslypipes1@excite.com
<mailto:weslypipes1@excite.com> , TWILL@aol.com <mailto:TWILL@aol.com> ,
    AhhaPro1@aol.com <mailto:AhhaPro1@aol.com>
Subject: Fwd: FW: GAP Gift Certificates
Date: Tue, 22 Feb 2000 13:44:16 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: message/rfc822

Message-ID: <20BD06672F1BD311B8BF0008C728207E06F549@FDNT01>
From: "Adams, David" < Dadams@foodtv.com <mailto:Dadams@foodtv.com> >
To: " 'tusgar_hefa@newyorklife.com' <mailto:'tusgar_hefa@newyorklife.com'> "
< tusgar_hefa@newyorklife.com <mailto:tusgar_hefa@newyorklife.com> >,
    " 'anna_wong@newyorklife.com' <mailto:'anna_wong@newyorklife.com'> " <
anna_wong@newyorklife.com <mailto:anna_wong@newyorklife.com> >,
    " 'tara_felton@am.newyorklife.com'
<mailto:'tara_felton@am.newyorklife.com'> " < tara_felton@am.newyorklife.com
<mailto:tara_felton@am.newyorklife.com> >,
    " 'Chantale_olivier@am.newyorklife.com'
<mailto:'Chantale_olivier@am.newyorklife.com'> "
     < Chantale_olivier@am.newyorklife.com
<mailto:Chantale_olivier@am.newyorklife.com> >, "
'andrews_tara@jpmorgan.com' <mailto:'andrews_tara@jpmorgan.com'> "
     < andrews_tara@jpmorgan.com <mailto:andrews_tara@jpmorgan.com> >, "
'pconnor@bridge.com' <mailto:'pconnor@bridge.com'> " < pconnor@bridge.com
<mailto:pconnor@bridge.com> >,
    "Romano, Carmine" < cromano@foodtv.com <mailto:cromano@foodtv.com> >, "
'dscoppin@aol.com' <mailto:'dscoppin@aol.com'> "
     < dscoppin@aol.com <mailto:dscoppin@aol.com> >
Subject: FW: GAP Gift Certificates
Date: Tue, 22 Feb 2000 10:22:15 -0500
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: text/plain

-----Original Message-----
From: Infante, Teresa
Sent: Friday, February 18, 2000 5:20 PM
To: Adams, David; Beckles, Michelle; Cindy Cammon; Diaz, Josh; Jones,
Tanya; Moseley, Joe; Daniel, Stephanie; Clarke-Porter, Althea;
Sepulveda, Maria
Subject: FW: GAP Gift Certificates

-----Original Message-----
From: Angel L. Vale Jr. [ mailto:Toro94@excite.com
<mailto:Toro94@excite.com> ]
Sent: Thursday, February 17, 2000 1:27 PM
To: anthony aldano; Jimenez57@aol.com <mailto:Jimenez57@aol.com> ;
ALeon@related.com <mailto:ALeon@related.com> ;
wolivare@stern.nyu.edu <mailto:wolivare@stern.nyu.edu> ; jqd3093@is3.nyu.edu
<mailto:jqd3093@is3.nyu.edu> ; rh7@stern.nyu.edu <mailto:rh7@stern.nyu.edu>
;
wo200@is5.nyu.edu <mailto:wo200@is5.nyu.edu> ; aherrera@stevens-tech.edu
<mailto:aherrera@stevens-tech.edu> ; aaldano@hotmail.com
<mailto:aaldano@hotmail.com> ;
Gardell-B@rocketmail.com <mailto:Gardell-B@rocketmail.com> ;
Robert.Cardona@bcjsystems.com <mailto:Robert.Cardona@bcjsystems.com> ;
DRjc8297@aol.com <mailto:DRjc8297@aol.com> ; Angel.Vale@Bigfoot.com
<mailto:Angel.Vale@Bigfoot.com> ; OscarVelez@aol.com
<mailto:OscarVelez@aol.com> ;
lavillalon@launidadlatina.org <mailto:lavillalon@launidadlatina.org> ;
aachecar@usa.net <mailto:aachecar@usa.net> ; lul-step@egroups.com
<mailto:lul-step@egroups.com>
Cc: MGBabyFace@aol.com <mailto:MGBabyFace@aol.com> ; Safire906@aol.com
<mailto:Safire906@aol.com> ; LPCARDEN@phjw.com <mailto:LPCARDEN@phjw.com> ;
kasper_8@yahoo.com <mailto:kasper_8@yahoo.com> ; Ruby132@excite.com
<mailto:Ruby132@excite.com>
Subject: GAP Gift Certificates

Subject:  Gap certificates

Hey guys, I finally found one that is TRUE!  I went down to the
gap myself and redeemed my GIFT CERTIFICATES already!!!  I sent
enough e-mails to get over two hundred dollars worth of clothes from
the GAP! You know, with all the crap sent over the mail, it is good to
know that something finally rings true in this environment of virtual
deception. Send it to everyone you know, and you too can have a whole new
wardrobe, courtesy of THE GAP!  Isn't it grand?

================================================
Hi! My name is Janelle McCan, Founder of the Gap.

You have probably heard about the e-mail from Abercrombie and Fitch offering
twenty five dollar gift certificates to every five people you sent that
letter to. My question is: DID IT WORK? Most of you who tried it will
probably say NO.

But this letter is NOT prank like others you have experienced. I am offering
thirty five dollar gift certificates to every seven people you send this to.
When you have finished sending this letter to as many people as you wish, a
screen will come up. It will tell you how much you have earned in Gap gift
certificates. Print that screen out and bring it to your local Gap store.
The sales clerk will give you your certificates and you can SHOP BABY!  This
is a sales promotion to get our name out to young people around the world.
We
believe this project can be a success, but only with your help.

Thank you for your support!

Sincerely,
Janelle McCan
Founder of Gap

_______________________________________________________
Get 100% FREE Internet Access powered by Excite
Visit http://freeworld.excite.com <http://freeworld.excite.com>

 - att1.htm


CALENDAR ENTRY:	APPOINTMENT

Description:
	Phase IV and V Expansion EB39C1

Date:		4/25/2001
Time:		2:00 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


The name of the security guard that turned in your bracelet is Lamar Lee.

Tammie Schoppe
Enron Americas-Office of the Chair
Assistant to Louise Kitchen
713.853.4220 office
713.646.8562 fax
713.253.2131 mobile


I'll put together some sample stuff and send it to you today.  We really do
have a problem getting responses from our computer people, so I hope a
relentless bird-dog effort may bring a response.


My other comments on the tariff sheets were as follows:

Section 35.2
	2nd paragraph, 3rd sentence.  Explanation of "incremental revenue".  When we talk about revenues which TW already receives from reservation charges being paid prior to the bid period.  What if we're taking bids on future capacity and we're trying to get revenue that is incremental to reservations charges we're not necessarily being paid yet?  The language is so specific.  Can we change the language to refer to revenues incremental to what TW already has contractually committed?

	2nd paragraph, last sentence.  The phrase "guaranteed throughput volume service applies only in the case of a negotiated rate".  What does this mean?  TK & I were both a littles confused by this language.

	4th paragraph, 4th sentence.  The phrase "the value of the index based rate bids will be calculated using the applicable published indices available on the bid deadline".  TK, is the phrase "published indices" generic enough or should we use something broader that might encompass basis quotes?  I realize it will probably have to be something that is published.


Andrew-

I have created a draft of our RisktRAC book setup spreadsheet for East Power.  Can you take a look at it and see if everything is accurate.  One issue I have relates to the 'Trading Location' field.  We had previously used 'US Power East', but this is not part of the dropdown menu in the field.  Has this location been changed to something else?

Thanks!

Andrea


In response to your e-mail please see the attached draft sent to Trans
Canada.  Be advised Trans Canada was less than eager to negotiate this
agreement and as of today there has been no action.   It would be great to
get both  executed!!

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

	James L Copeland/ENRON@enronXgate
	02/27/2001 01:02 PM

		 To: Christina Finelli/HOU/EES@EES
		 cc: Debra Perlingiere/HOU/ECT@ECT
		 Subject: RE: Master Purchase and Sale Information Worksheet for TransCanada
Energy Marketing USA, Inc.

Christy, I am going to speak with Debra Perlingiere in ENA Legal to obtain
the most recent version of the Master between ENA and Transcanada Energy
Marketing USA, Inc. and will forward it when I receive it.  I also will check
into the status of that unexecuted Master as it may be that we can assist in
getting both executed at the same time.  Thanks.

 -----Original Message-----
From:  Finelli, Christina
Sent: Tuesday, February 27, 2001 11:50 AM
To: Copeland, James L.
Subject: Re: Master Purchase and Sale Information Worksheet for TransCanada
Energy Marketing USA, Inc.

James, thanks for the info.  Yes, I agree they should be the same.  Is there
a chance I could get a copy of the one ENA sent out to them, not only would
it show me how ENA worded certain things but would show me where ENA and EES
agreements are different, so I can make sure we have same info.  If you could
send me a copy of ENA's proposal to TransCanada that would be helpful.

Thanks. Christy

From: James L Copeland/ENRON@enronXgate on 02/27/2001 11:43 AM
To: Christina Finelli/HOU/EES@EES
cc: Jesus Guerra/HOU/EES@EES, Russell Diamond/ENRON@enronXgate, Veronica
Espinoza/ENRON@enronXgate
Subject: Master Purchase and Sale Information Worksheet for TransCanada
Energy Marketing USA, Inc.

Christy, attached please find the Master Purchase and Sale Information
Worksheet for TransCanada Energy Marketing USA, Inc.

Please note that Russell Diamond and Veronica Espinoza have been working on
executing a Master Purchase and Sale Agreement with the same counterparty on
behalf of ENA.  I have based the EES Master Worksheet off of the ENA Master
Worksheet to remain consistent.  My understanding from talking with Veronica
and Russell is that this Master is not yet executed.

In negotiating the ENA Master, a $60MM Enron Corp. guarantee has been issued
benefiting TransCanada Energy USA, Inc.  In addition, TransCanada Pipelines
Ltd. has issued Enron and any of its subsidiaries a $60MM guarantee on behalf
of its sub, TransCanada Energy USA, Inc.

Putting in place an executed Master is definitely the only way to go as it
will allow us to net exposures between EES and the counterparty.  Please let
me know how the status of the Master progresses or if you need my assistance
to facilitate.  Thanks for your help.

 << File: TransCanada Energy Marketing USA, Inc. Master Worksheet.xls >>


In recognition of the hard work that Bill has done these last six months, I'd like his contract buyout increased to $60,000($30,000 more than is in contract). I am going to do right by people, notwithstanding the circumstances. Please confirm acceptance and OK. Thanks


I am assuming that by now you know that I am pledging my receivables into the secured deal Dan Boyle is working on.

 -----Original Message-----
From: 	Wenz, Michelle
Sent:	Thursday, October 25, 2001 10:24 AM
To:	Hayslett, Rod
Subject:	A/R Securitization

Rod:

Global Finance is undertaking a corporate-wide accounts receivable securitization program. We closed a commercial paper conduit receivables securitization transaction program last quarter and are looking to close a second receivables transaction (most likely a privately placed term loan facility) by mid-November.  Towards that goal, we are investigating the receivables and payables position of all Enron entities.  We would like to enlist your team's assistance in better understanding ETS's receivables and payables position and how that data is generated and processed.

To better understand our project and data request, I have attached presentations and due diligence questions from the mandated banks' proposals to Enron.  Although all requested details are not needed immediately, what is urgent at bare minimum is net receivable balance, aging and roll forward for September and October.  We are scheduled to meet with banks tomorrow to discuss opportunities.

Any and all assistance and guidance is much appreciated.  Based on our prior experience, we understand the process of gathering and processing data may be time consuming.  However, I'd like to note that the other business unit teams assembled thus far are available to share their insights, techniques, and expertise.  We will do our best to provide you any assistance you may need in fulfilling our request.

Please call me at your convenience to discuss the best way to proceed; my telephone number is 713-853-0920.  I look forward to working with you and your team.

Sincerely,
Michelle Wenz

 << File: Presentation 8-31.ppt >>  << File: DB data request2.xls >>  << File: DB Enron Info Request v2.doc >>

Michelle Wenz
Enron Global Finance
713-853-0920
michelle.wenz@enron.com


Thank you for your prompt response.  I have arranged the following time and
date for the East Midstream QBR:

  Date:  August 16, 2000

  Time:  1:00 pm - 4:00 pm

  Location: 3321

  Topic:  East Midstream QBR

Please mark your calendar and plan to attend.

Thanks,

Kay 3-0643


FYI - SRS
---------------------- Forwarded by Sherri Sera/Corp/Enron on 03/28/2001
08:53 AM ---------------------------

Lana Steffen
03/28/2001 08:09 AM
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Re: California Energy Crisis

Mr. Lay and Mr. Skilling:

I shared the below article with my brother, due to his interest in the
California energy crisis.  Since he is an "outside" source, I thought you
might like to see his comments regarding your article.  They follow below:

 I read the entire article you sent on the California power crisis by Enron.
I think
 they should publish this very article in all of the California papers.
That's the simplest and best,
 get to the point, no bull article I've seen on the  matter. I would agree
100% with their assesment
 of the mess. Californian's have no one to blame but their State government's
stupidity, although they're
 trying to find someone.

Thanks for an understandable article!

Lana Steffen
Administrative Analyst
Liberal, KS

Ken Lay and Jeff Skilling
03/13/2001 04:17 PM

Sent by: Ken Lay and Jeff Skilling
To: All Enron Worldwide
cc:

Subject: California Energy Crisis

California,s power crisis has generated heated debate over the last several
months.  Unfortunately, this debate has generated more heat than light.  We
want you to know what the facts are and what we are doing about the crisis.
Please spend a few minutes reading the following overview on the situation
and our position on California energy issues.

What happened in California

The source of California,s current problem is as straightforward as supply
and demand.  California,s economy grew 29 percent since 1998.  This increased
the demand for electricity by 24 percent.  At the same time, regulatory
restrictions prevented new generation from getting built in the state.  So
demand grew but regulations prevented supplies from being added.  The result,
predictably, is a shortage.  This summer, peak capacity will be about 10
percent shy of peak demand, leading to further blackouts in the state.

In addition to the supply and demand imbalance, there are two other related
factors that led to the current crisis.  First, the state,s regulations
forced all sales and purchases into the spot market.  The spot market for
power is extraordinarily volatile.  The way firms behave in a free market
when faced with such volatility is to construct a portfolio of purchases long
term, medium term and short term, to reduce exposure to this volatility.  In
California, state regulation prevented this strategy.  This would be the
equivalent of putting the entire state on an adjustable rate mortgage in the
most volatile interest rate environment imaginable.  Everything was fine
while the power surplus persisted, but when shortages ensued, every megawatt
was purchased at the sky rocketing spot price.

Second, retail markets were not deregulated.  Regulated retail rates remained
in effect, and stranded cost recovery charges were structured to keep
competition out.  This meant that utilities were forced to pay high wholesale
prices in the spot market but were only able to recover costs at the
regulated retail rate.  They are now nearly bankrupt.

In short, California,s problems were caused by regulation, not deregulation.
Regulations prevented competitors from entering the market, prevented new
generation from being built, and prevented prudent hedging against volatile
spot prices.

At the time California was developing its restructuring plan, Enron warned
the state,s policy makers about these risks and proposed alternatives, which,
if adopted, would have averted the current crisis.

Enron,s Role

Many political leaders in the state have elected to fix blame rather than fix
the problem.  Power sellers, including Enron, have been vilified by the
politicians and the media.  Here are the facts:

? Other than a small amount of wind power, Enron is not a generator in the
state of California.  Every megawatt we sold in California we bought in the
same market available to other California purchasers.  Because we are a
market maker, not a generator, we are not biased toward high prices.  We are
interested only in having a market that works so that we can package products
for our customers.
? As a seller to end-use markets in the state, we provided protection from
the problems the states, utilities, and their customers, now face.  We
protected, and still protect, our customers from price volatility.

You may have read that EES recently elected to have the utilities supply
power directly to its customers in California instead of procuring power on
the open market.  Early reports mischaracterized this as a &turnback8 of our
customers to the utilities.  Here are the facts:

? As a result of a variety of factors existing in the current California
market, it made more sense for EES to source power for its customers directly
from the utilities.  This decision reduced EES,s market price risk by
allowing EES to access lower utility rates.
? EES did not terminate any customer contracts, and our customers continue to
receive the financial benefits of their contract prices.
? EES is continuing to work with its California customers to provide them
with other energy-related products and services, including assistance in
reducing the demand for power, particularly at peak times.

Enron is currently proposing solutions to help California work out of its
crisis; Enron continues to sign up customers in the state; and Enron
continues to actively manage its risks and capture opportunities in Western
power markets.  Enron,s primary business is managing risk for our customers
with solutions customized to meet their needs.  There has never been more
demand for our products and services.

The Solution

The solution to California,s crisis is also straightforward.  In summary, the
state must increase supply, reduce demand, reduce reliance on the spot market
and shore up the financial stability of the state,s utilities.

Increasing Supply

California,s process for siting and permitting new generation is nothing
short of Byzantine.  Enron has built plants elsewhere in the country in less
than a year.  In California, it often takes 5 to 7 years.  California simply
must streamline this process.  Ironically, while many of the regulations
generators must overcome are aimed at improving environmental quality, the
regulations are preventing new clean technology from coming online and
displacing current plants, which emit 40 times as much NOx.  California can
have abundant power and cleaner air by expediting the permitting of new
facilities.

Reducing Demand

Customers in California today have no incentive to reduce or shift demand.
They pay the same rate no matter what the market price is.  An open retail
market would trigger demand responses, which would balance supply and demand
at lower prices than today.  California should fully open its retail market.

Reducing Reliance on the Spot Market

In a truly deregulated market, customers would protect themselves from
volatile spot prices by purchasing some of their requirements on a longer
term, fixed-price basis.  The state has instead left procurement in the hands
of the utilities, which it has forced to buy exclusively in the spot market.
Opening the market at the retail level will give customers control over their
price risk.

Restoring the Financial Integrity of the State,s Institutions

The utilities in California are not paying their bills.  This has led to
greater uncertainty in the market, higher costs, and reduced flexibility to
arrive at lasting solutions.  California must permit its utilities to recover
their costs so they can pay their bills and invest in the transmission and
distribution assets necessary to get power from where it is to where it is
needed.

Just as important as doing these things, the state must avoid policies that,
while politically attractive, do not fix the problem or even make matters
worse.  Price caps have been proposed.  They don,t work; have never worked;
and they will not work here.  Price caps succeed only in creating shortages,
which then have to be allocated among competing users.  Imagine how
ineffectively the government would be in determining, for example, whether it
is better to make its limited power supplies available to the Imperial Valley
or Silicon Valley.  Price caps are a surefire way to make the current
shortage worse.

The state has also proposed to take over generation and transmission in
California.  There is no reason to believe, and every reason to doubt, that
the state will be more effective than free markets at investing in,
constructing, operating and maintaining assets.  This will also result in
California tax revenues being spent on power transmission and power
generation -- which the private sector can do -- instead of education, roads
and other public goods -- which the private sector cannot do.

As you are approached by people outside the company or are learning about the
crisis from the media, it,s important for you to know this:  We at Enron will
continue to serve our customers and we will continue to propose real
solutions to the state.


Mark, fyi and between you and I.  Rob will always do the right thing - he is
just a little more passionate than the average Enron guy.  Keep trying to
build those bridges.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/03/2000
08:29 AM ---------------------------

Rob Milnthorp
11/02/2000 03:57 PM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Reporting Structure

Dave, I appreciate your comments and I think you make some very valid points.
thanks, milly

David W Delainey
11/02/2000 12:22 PM
To: Rob Milnthorp/CAL/ECT@ECT
cc:
Subject: Reporting Structure

Rob, independent of dotted/solid lines, you already have the primary and
complete responsibility to manage the office and the business.  At the risk
of being bold,  I think the undercurrent of your note and your discussions
with Haedicke over the last couple of days is a matter of absolute control.
Ownership and passion are important characteristics of our best commercial
people but so is fostering a diversity of opinions and ideas.  With the back
and mid office,  the current Enron model is based upon scale and
standardization which generates tremendous operating leverage.  Further, it
helps us manage risk and is a board mandated control issue.   In the
long-run, it is actually less costly (ie) systems that don't work together,
less transferable human capital, un-managed legal risks, etc.

A lot of your points are very valid and Haedicke has never and never will get
in the way of managing commercial business; however, Mark, Wes, Sally, Beth
et al have a mandate to provide a flexible, scalable but standardized
delivery mechanism, that manages our risk across the broad empire.  Don't
quit protecting the business and your people; however, please help accomplish
some of these goals as well.

In short, I would like to keep the reporting structures the same.

Lets take the earliest opporunity to discuss this.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 11/02/2000
09:41 AM ---------------------------

Rob Milnthorp
11/02/2000 09:17 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Reporting Structure

Dave, at the risk of rocking the boat, I would like you to consider the
following. As you know, with the exception of Origination & Finance, all
other Canadian departments (Trading, Legal, Ops, Acctg, HR, Govt, & IT)
report directly to someone in Houston while having a dotted line to me.

In my mind, this is completely backwards (ie. it should be a solid line to
me, and a dotted line to their respective counterparts in Houston) for the
following reasons. First, performance feedback is not communicated to these
individuals in a timely manner if at all. Even when it is, more times than
not, it is perfunctory in nature. In fact, I think that feedback is given
somewhat reluctantly because the manager  in Houston has really no idea
whether the individual in Canada is doing a good job or not.

Second, it is sub-optimal. I seem to be spending more and more time dealing
with issues between the Canadian employee and their respective manager in
Houston. Many of these conversations revolve around my first point. Case and
point, we almost lost Laura Scott earlier this year because she was feeling
unappreciated and felt that her boss had no idea the hours/effort she was
putting in. And just yesterday, I had a very unsatisfactory phone call with
Mark Haedicke regarding Peter Keohane. The result - I now have a very
demotivated lawyer on my hands.

Third, it is costly. Having senior people fly up to Calgary/Toronto to "stay
in the loop" and to complete performance reviews is both costly from both a
dollar and time perspective.

Frankly, I'm not looking for more performance reviews to do, but I do think
its important that staff receive meaningful feedback in a timely fashion. I
know what these people do - I work with them every day. It is my job to lead,
inspire, and motivate but lately it feels like it is my job to liase between
Houston and the employee.

I would appreciate your thoughts on this.

Regards
Milnthorp


-----Original Message-----
From: R J ROSS COMPANY [mailto:rross1@flash.net]
Sent: Wednesday, April 10, 2002 11:20 AM
To: Schockling, Gregory
Subject: Re: Touching Base

Yes, I am definitely interested in seeing his resume. Thanks-I ALWAYS want
to hear about a "damn good trader"!

----- Original Message -----
From: "Schockling, Gregory" <Gregory.Schockling@Bridgeline.NET>
To: "R. Ross" <rross1@flash.net>
Sent: Wednesday, April 10, 2002 8:54 AM
Subject: RE: Touching Base

Doesn't sound like it will but there is a guy working for me now, Joe PArks
who is a damn good trader, more jr to me who you should look at.  If you
want his resume let me know.

Greg

-----Original Message-----
From: R. Ross [mailto:rross1@flash.net]
Sent: Wednesday, April 10, 2002 8:47 AM
To: Schockling, Gregory
Subject: Re: Touching Base

Not defined yet, but they are building an asset based trading organization,
and I'm certain it would be trading related.
My concern is that the timing won't fit your needs.

R. J. ROSS COMPANY
Executive Search for the Energy Industry
P. O. Box 271888
Houston, Texas
77277
Office: (713)-665-5557

"www.rjrossco.com"
----- Original Message -----
From: "Schockling, Gregory" <Gregory.Schockling@Bridgeline.NET>
To: "R. Ross" <rross1@flash.net>
Sent: Wednesday, April 10, 2002 8:38 AM
Subject: RE: Touching Base

Thanks for the update if they are interested in me, for what type of role?

Let me know.

Thanks

Greg

-----Original Message-----
From: R. Ross [mailto:rross1@flash.net]
Sent: Wednesday, April 10, 2002 8:34 AM
To: Schockling, Gregory
Subject: Re: Touching Base

Greg,

Dreyfus said they are interested in you but not for the lead role for this
situation. Since you have something that is close, you might not be
available when Dreyfus is ready.
Please keep me posted on your situation and thanks for your interest in my
search.

Randy

R. J. ROSS COMPANY
Executive Search for the Energy Industry
P. O. Box 271888
Houston, Texas
77277
Office: (713)-665-5557

"www.rjrossco.com"
----- Original Message -----
From: "Schockling, Gregory" <Gregory.Schockling@Bridgeline.NET>
To: "R J ROSS COMPANY" <rross1@flash.net>
Sent: Wednesday, March 27, 2002 7:53 AM
Subject: RE: Touching Base

Randy,

Sounds interesting, I wonder if they have been in contact with Enron, or
anyone here. I would be interested, but within a week or so I may be
elsewhere, so let me know. If they can move quicky,I am not interested in
moving to Conn but have an interest in Houston.

Let me know, the type of person they are looking for fits well timing isnt
great but sounds like they have a bigger plan.

You can email me here or home.

Thanks

Greg Schockling

-----Original Message-----
From: R J ROSS COMPANY [mailto:rross1@flash.net]
Sent: Tuesday, March 26, 2002 2:56 PM
To: GSchocklin@aol.com
Subject: Re: Touching Base

Greg,

Here is the basic information on Dreyfus. Tim Stuart is the President of
Louis Dreyfus Energy Services, which is primarily the liquids trading
business at present. (go to: http://www.louisdreyfus.com/, click "energy",
and "petrochemicals".
Here is the generic recruiting email I sent out:

I request your assistance in gathering names of candidates for an ENERGY
EXECUTIVE search.

My Client: An $18 billion GLOBAL COMMODITY TRADING organization.

The Opportunity: Through acquisitions and joint ventures, to BUILD AN ASSET
BASED ENERGY TRADING COMPANY with the objective of monetizing the
optionality around those assets.

The Candidate: A STRATEGIC VISIONARY, capable of building a value oriented
organization, and capitalizing upon financial and physical trade arbitrage
opportunities.

Bottom line is they want back in to the physical business and they are
looking for the lead person to do it. The preference is to base them in
Wilton, CT but they will also consider Houston.
Besides experience trading a "physical gas book", this person must have
strong entrepeurnial and strategic instincts. Which assets should they buy?
Why? Which joint venture relationships make sense and why? These issues
require someone with a big picture understanding and vision of the energy
industry and an understanding of how to evaluate and monetize the
optionality of assets.
Some people may be great traders, but they don't have the aggressiveness and
vision to direct the business side of this venture. Some people may have
strong "asset" background but they don't understand how to manage a trade
group to squeeze the most value from assets through sophisticated and
creative trading strategies. This position requires both.
I would like to put your resume in front of them. Your recent experience
trading around the Bridgeline system would be of interest.
Please let me know what you think?

Randy

----- Original Message -----
From: <GSchocklin@aol.com>
To: <rross1@flash.net>
Sent: Monday, March 25, 2002 8:22 PM
Subject: Re: Touching Base

> Randy,
>
> Still at Bridgeline right now, Enron hasn't decided what to do with us so
who
> knows.  I'm actually exploring some other options right now so who knows
> where I'll be in a month or so.  Everything still muddy from bankruptcy,
so I
> may be splitting soon.  I'll keep you posted.  Good to hear from you!
>
> Thanks
>
> Greg
>
>
>
>
>

************************************************************************
This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant
affiliate(s) and may contain confidential and privileged material for the
sole use of the intended recipient(s). Any review, use, distribution or
disclosure by others is strictly prohibited. If you are not the intended
recipient (or authorized to receive for the recipient), please contact the
sender and delete all copies of the message. This e-mail (and any
attachments hereto) are not intended to be an offer (or an acceptance) and
do not create or evidence a binding and enforceable contract between
Bridgeline Holdings, L.P. (or any of its affiliates) and the intended
recipient or any other party, and may not be relied on by anyone as the
basis of a contract by estoppel or otherwise. Thank you.
************************************************************************

************************************************************************
This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant
affiliate(s) and may contain confidential and privileged material for the
sole use of the intended recipient(s). Any review, use, distribution or
disclosure by others is strictly prohibited. If you are not the intended
recipient (or authorized to receive for the recipient), please contact the
sender and delete all copies of the message. This e-mail (and any
attachments hereto) are not intended to be an offer (or an acceptance) and
do not create or evidence a binding and enforceable contract between
Bridgeline Holdings, L.P. (or any of its affiliates) and the intended
recipient or any other party, and may not be relied on by anyone as the
basis of a contract by estoppel or otherwise. Thank you.
************************************************************************

************************************************************************
This e-mail is the property of Bridgeline Holdings, L.P. and/or its relevant
affiliate(s) and may contain confidential and privileged material for the
sole use of the intended recipient(s). Any review, use, distribution or
disclosure by others is strictly prohibited. If you are not the intended
recipient (or authorized to receive for the recipient), please contact the
sender and delete all copies of the message. This e-mail (and any
attachments hereto) are not intended to be an offer (or an acceptance) and
do not create or evidence a binding and enforceable contract between
Bridgeline Holdings, L.P. (or any of its affiliates) and the intended
recipient or any other party, and may not be relied on by anyone as the
basis of a contract by estoppel or otherwise. Thank you.
************************************************************************


Mike,
This is the email from Bryce, who is the Manager of physical gas
settlements.  Attached is my summary for the West.
DG

---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/28/2001
02:24 PM ---------------------------

	From:  Bryce Baxter                           02/28/2001 02:02 PM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: Re: Penalty Charges

Here's what we have so far...  I thought Lisa copied you also - sorry for the
delay.
---------------------- Forwarded by Bryce Baxter/HOU/ECT on 02/28/2001 02:02
PM ---------------------------

Lisa Valderrama
02/23/2001 02:43 PM
To: Bryce Baxter/HOU/ECT@ECT
cc:
Subject: Re: Penalty Charges

TransCanada Gas Services, a Div of , Sitara deal 490242(West), Penalty amount
$  81,724.37.  (Shielah Castro)
Kaztex Energy Marketing, Sitara deal 545505 and 393061(Central), Penalty
amount $1,366.56 (Michael Mousteikoz)
SouthWest Gas Corportation,   See Below for details (West),  (Laurie Ellis).
National Fuel Marketing, Sitara deal 504567 (West), Penalty amount $ 15234.12
(Darla Saucier)
Altrade , Sitara deal 495599 (Texas), Penalty amount per Customer is
$27,900.00  (Genaro Mendoza)

Linda is pulling together some information for her penalties.

These penalties are for Dec production only.

---------------------- Forwarded by Lisa Valderrama/HOU/ECT on 02/23/2001
01:32 PM ---------------------------

Laurie Ellis@ENRON
02/23/2001 09:59 AM
To: Lisa Valderrama/HOU/ECT@ECT
cc:
Subject: Re: Penalty Charges

All penalties below were netted in payments we received from Southwest Gas
Corporation.

Laurie

Lisa Valderrama@ECT
02/23/2001 09:10 AM
To: Isabel Y Resendez/HOU/ECT@ECT, Pam B Boxx/HOU/ECT@ECT, Willie
Stewart/HOU/ECT@ECT, Linda J Ewing/HOU/ECT@ECT, Tricia Truong/HOU/ECT@ECT,
David W Eubanks/HOU/ECT@ECT, Shielah Castro/Corp/Enron@Enron, Mary
Ellenberger/Corp/Enron@ENRON, Laurie Ellis/NA/Enron@Enron, Genaro
Mendoza/NA/Enron@Enron, Charles Jacobs/NA/Enron@Enron, Valerie
Curtis/NA/Enron@Enron, Darla Saucier/NA/Enron@Enron, Scott
Dozier/NA/Enron@Enron, Michael Mousteiko/NA/Enron@Enron, Priscilla
Hamic/NA/Enron@Enron, Pamela Chism/NA/Enron@ENRON, Mary Alba/NA/Enron@Enron,
Janine Cashin/NA/Enron@Enron, Jane S Saladino/HOU/ECT@ECT, Wade R
Price/HOU/ECT@ECT, Max Doner/HOU/ECT@ECT, LaShanda Poledore/Corp/Enron@ENRON,
Doug Nelson/NA/Enron@ENRON
cc: Bryce Baxter/HOU/ECT@ECT

Subject: Penalty Charges

I need to know what counterparties invoiced ENA for Penalties ,or netted them
in a payment we received for December production. I will need the amount of
the Penalty , the Counterparty , and the deal that the penalty is related to .

Unfortunately I need this information before you leave today.

Let me know if you any questions

Lisa
3-7134


John, I would like to get together for lunch on the 6th of Sept.  Take care.
Mark

	"JOHN G KLAUBERG" <JKLAUBER@LLGM.COM>
	08/24/2000 01:56 PM

		 To: <Mark.E.Haedicke@enron.com>
		 cc:
		 Subject: Change in Plans

Mark:

It never fails.  Ironically, within an hour after hitting the "Send" button
on my prior e-mail to you, I got a call from Stephanie, Jim's assistant,
informing me that Jim's travel schedule for the first week in September had
changed since I had set up the appointment and so we are going to have to
reschedule the meeting with him.  Stephanie gave me a couple of possible
dates in late Sept. and the middle of October that I need to follow up with
Steve and Peter on.  Once I circle back with them, I'll follow up with you to
see what may work for you.

Since I am scheduled to have a meeting in your offices on the morning of the
7th, I still plan to be in Houston.  Is there a chance that you and I could
get together for lunch on the 6th or perhaps catch up for a few minutes that
afternoon or the afternoon of the 7th?

I'll touch base with you to see what your schedule looks like.  Thanks.  John

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com


I definitely want them.  We had several questions last month about why some
curves where included where they were.  So it'd be nice to be able to blame
someone else!  How's your day going?  How long did it take you to get up the
elevator?  I made it in before the crowd backed up.  But apparently one of
the elevators got stuck.  You know Dave Delainey's admin, Beverely.  She said
she was stuck in the elevator for about 45 minutes this morning!!  She didn't
seem too excited about it either.

Talk to ya later,
Robin
PS I think I'm going to take a nap for lunch today...for some reason I'm
sleepy this morning.

Gabriel Monroy
01/02/2001 09:22 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Curves

Hey,  I have the original list of physical curves for the basis report that
we divided up in  East, West, Central and Canada.  Remeber? It is the one
that Gossett helped us divide into all these regions.  I also have the one
where all the desk leads wrote their physical curves on.  If you want them
I'll keep them, if not, they will be autodestroyed in 5 seconds.

Gabriel


We would like to remind you of this upcoming event.

West of Stanford Heavy Trash Day

Date: Tuesday, February 12, 2002
Time: All Day

The Second Tuesday of each month is Heavy Trash Day in *West*
East Montrose. That is, homes West of Stanford Street will have
heavy trash collected the second Tuesday of each month.  Time to
lug your heavy trash out to the curb.

To unsubscribe from this group, send an email to:
emca-unsubscribe@egroups.com

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


pls print for me.  thanks  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/08/2001
02:32 PM ---------------------------

"SCIENTECH IssueAlert" <IssueAlert@scientech.com> on 03/08/2001 04:57:43 AM
To:
cc:

Subject: Problems Mount for Sierra Pacific Resources, Acquisition of Portland
General Appears Uncertain

Today's IssueAlert Sponsors:

[IMAGE]

The CIS Conferencec provides utility management personnel unequaled insight
and current information on Customer Relationship Management (CRM),
E-Commerce, Technologies and Marketing. Fifty-four sessions conducted by
utility industry representatives will focus on issues facing the industry.
Over 100 companies will exhibit the latest technologies and services.

Former President George Bush is our Honored Keynote Speaker

www.cisconference.org

Identify and discuss current issues confronting the energy and
telecommunications industries at the Center for Public Utilities' annual
spring conference. How should these problems be resolved? What tradeoffs are
made with each solution? Join panel discussions led by utility executives and
PUC commissioners in Santa Fe, NM, March 25-28th, at "Current Issues
Challenging the Utility Industry." To register, or for more information,
contact Jeanette Walter, Associate Director, at 505-646-3242 or
505-646-4876.  The Center for Public Utilities is part of New Mexico State
University, presenting programs sanctioned by the National Association of
Regulatory Commissioners (NARUC).
For advertising information, email Nancy Spring, or call (505)244-7613.

[IMAGE]

IssueAlert for  March 8, 2001

Problems Mount for Sierra Pacific Resources,
Acquisition of Portland General Appears Uncertain

by Will McNamara
Director, Electric Industry Analysis

The probability appears to be getting smaller that Sierra Pacific Resources
(NYSE: SRP) will complete its $3.1 billion acquisition of Portland General
Electric (NYSE: PGB) from Enron (NYSE: ENE). Enron disclosed in an 8K filing
with the Securities and Exchange Commission (SEC) on Feb. 27 that the sale of
Portland General had been delayed because of "recent events" in California
and Nevada that affected Sierra Pacific. Walt Higgins, chair and CEO of
Sierra Pacific Resources, told Wall Street analysts that the acquisition
agreement will terminate if it has not closed by May 1.

Analysis: Yesterday I wrote about the apparent collapse of the merger between
Consolidated Edison and Northeast Utilities (NU). Now, another high-profile
merger appears to be unraveling. As with the Con Edison / NU deal, the
problem facing Sierra Pacific Resources' pending purchase of Portland General
from Enron is based in economics. Namely, it appears that Sierra Pacific
Resources' recent financial problems have cast doubt on the company's ability
to complete its purchase of Portland General. This is not a good development
for Sierra Pacific Resources, as the financial and legal implications of this
potentially dead acquisition could exacerbate the company's current financial
problems.

First, let me provide some background on this deal. The origin of Sierra
Pacific Resources' attempt to acquire Portland General date back to November
1999. Enron had purchased the company in 1997 as a strategic move to
facilitate its intent to play a major role in the retail markets of
California and the Pacific Northwest. At the time, Enron saw itself as a
prototype for the future of the energy industry, adding transmission and
distribution capabilities as well as more diversified fuel resources to its
already successful wholesale marketing core. Stymied by the slow start of
competition in California and Oregon, Enron underwent a transformation in its
corporate philosophy. Under the growing direction of Jeffrey Skilling, Enron
no longer believed that it needed to own hard assets to retain its place in
the top tier of energy companies. That philosophy has served Enron well, as
its success in nearly all of its business sectors has been well documented.

Yet, Enron's transformation opened the door for Sierra Pacific Resources, a
relatively small and regionally based holding company, to move in for a
purchase of Portland General. Owning Portland General made more sense for
Sierra Pacific Resources than it did for Enron. Portland General, which
provides electric service to over 700,000 customers in the Portland-Salem
area, was viewed as a good acquisition target as it would help Sierra Pacific
Resources to gain scale and a foothold in two fast-growing states (Nevada and
Oregon). Sierra Pacific Resources agreed to pay Enron $2.1 billion for
Portland General, which included $2.02 billion in cash and assumption of
Enron's $80 million merger payment obligation. In addition, Sierra Pacific
Resources agreed to assume $1 billion in Portland General debt and preferred
stock, taking the total value of the purchase to $3.1 billion. Portland
General appeared happy with the scheduled sale from Enron, acknowledging that
its own core business "delivering safe and reliable power with a customer
service focus" was more in line with Sierra Pacific Resources.

However, a number of economic factors on Sierra Pacific Resources' side of
the table seem to be thwarting this acquisition. As I discussed in the Feb.
22 IssueAlert (available at www.consultrci.com), Sierra Pacific Resources
reported a significant fourth-quarter loss ($18.2 million) as a result of
soaring costs of power in the western United States. The company incurred
losses as a direct result of "the growing and unrecovered cost of purchased
power in the volatile wholesale market." As a result, Sierra Pacific
Resources filed with state regulators for an emergency rate increase.
"Without some rate relief, the cost of fuel and power is close to crippling
our ability to serve the needs of our customers," said Mark Ruelle, the
company's chief financial officer. The company attributed the latest
quarter's loss to nearly $258 million of unanticipated fuel and purchased
power costs.

Specifically, Sierra Pacific Resources reported a 4Q 2000 loss of $18.2
million, or 23 cents a share. This compared with a profit of $26.8 million,
or 39 cents a share, excluding a $56 million deferred energy write-off a year
ago. Including the write-off, the company reported a loss of $29.2 million,
or 42 cents a share, in 4Q 1999. For year-end 2000, the company reported a
net loss of $39.8 million or 51 cents per share, a 177-percent drop from
1999.

In addition, the company's stock has fallen steadily over the last few weeks
(at one point, dropping 11.8 percent to $10.80 on the New York Stock Exchange
Feb. 7). At the close of trading on March 7, shares of Sierra Pacific
Resources were priced at $13.80, which is still down from its 52-week high of
$19.43 and book value of $17.82. The drop in stock price could make it
difficult for Sierra Pacific Resources to secure the financing necessary to
complete the purchase of Portland General.

Meanwhile, Sierra Pacific Resources' available cash flow could be impacted by
possible restrictions placed on the sale of its power plants. The Public
Utility Commission of Nevada (PUCN) mandated divestiture as a condition of
the 1999 merger between Nevada Power Co. and Sierra Pacific Power Co, which
created the holding company Sierra Pacific Resources. Toward that end, the
holding company and its wholly owned utility subsidiaries commenced a public
auction of approximately 2,900 MW of power generation facilities. Of Sierra
Pacific Resources' nine power plants, which are mostly fired by natural gas
and coal, seven have been entered into sales agreements to companies such as
Dynegy and NRG and will be sold upon final regulatory approval.

However, over the last few weeks, there has been growing concern that Nevada
regulators would not approve pending sales or authorize the sale of
additional power plants by Sierra Pacific Resources, thus preventing the
company from using the proceeds to pay for the acquisition of Portland
General. Perhaps out of fears about depleting the Nevada's power supply, the
Attorney General's Bureau of Consumer Protection, the Southern Nevada Water
Authority and the AFL-CIO have urged that the sale of the plants be delayed
or canceled. Further, Nevada Governor Kenny Guinn has called on the PUCN to
reconsider the 1999 order that required Sierra Pacific Resources to sell the
plants owned by its two utilities, Nevada Power and Sierra Pacific Power. Any
available cash that Sierra Pacific Resources was planning to use from the
power plant sales to support its acquisition of Portland General may not
materialize if the sales agreements are delayed or terminated.

Ironically, Nevada Power and Sierra Pacific Power Co. just received approval
from the PUCN to secure $1.4 billion in bank loans, bond financing and
preferred securities. However, due to agreements that the utilities
previously made, none of the borrowed money may be used, directly or
indirectly, to financially support its parent's acquisition of Portland
General.

Thus, Sierra Pacific Resources seems to be between a rock and a hard place
regarding this purchase, which it apparently still wants to complete. It
would appear that Sierra Pacific Resources will have difficulty financing the
purchase of Portland General due to the combination of its significant
financial losses, plunging stock prices and possible restrictions against the
sale of its power plants. Presumably, these are the "recent events" to which
Enron referred in its SEC filing.

It is fairly clear that Enron no longer wishes to own Portland General and
believes that the company does not fit into its strategy for continuing
growth. What remains in question, however, is what will happen if Sierra
Pacific Resources' pending acquisition is not completed by the May 1
deadline, thus terminating the sales agreement. The problems associated with
the Con Edison / NU merger are leading to litigation. One can't help but
think that lawsuits would be inevitable in the Enron / Portland General /
Sierra Pacific Resources case as well, as Enron presumably would seek to be
compensated in some way for the $3.1 billion that the deal includes.

Further complicating matters for Sierra Pacific Resources is a growing
movement to municipalize the electric markets in Las Vegas and Henderson,
Nev. On Jan. 11, the Southern Nevada Water Authority suggested that the
agency could become a public power authority. Pat Mulroy, general manager of
the water authority, recommended that the agency buy power on wholesale
markets and possibly generate electricity from some of its own power plants
to serve cities in the area. Efforts to municipalize electric systems in the
southern half of the state could potentially gain momentum if Sierra Pacific
Resources' financial problems worsen.

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

[IMAGE]
The most comprehensive, up-to-date map of the North American Power System by
RDI/FT Energy is now available from SCIENTECH.

Reach thousands of utility analysts and decision makers every day. Your
company can schedule a sponsorship of IssueAlert by contacting Nancy Spring
via e-mail or calling (505)244-7613. Advertising opportunities are also
available on our website.
SCIENTECH is pleased to provide you with your free,  daily IssueAlert. Let us
know if we can help you with  in-depth analyses or any other SCIENTECH
information  products. If you would like to refer a colleague to receive our
free,  daily IssueAlerts, please reply to this email and include  their full
name and email address or register directly on our site.

If you no longer wish to receive this daily email, send a message to
IssueAlert, and include the word "delete" in the subject line.
SCIENTECH's IssueAlerts(SM) are compiled based on the  independent analysis
of SCIENTECH consultants. The opinions expressed in  SCIENTECH's IssueAlerts
are not intended to predict financial performance  of companies discussed, or
to be the basis for investment decisions of any  kind. SCIENTECH's sole
purpose in publishing its IssueAlerts is to offer  an independent perspective
regarding the key events occurring in the  energy industry, based on its
long-standing reputation as an expert on  energy issues.

Copyright 2001. SCIENTECH, Inc. All rights  reserved.


John,
Post_id 1095759 is copied into 1097646(with Exchange options also applied vol
skew).
Jeremy is now out of office. We may be able to move this into production
tomorrow if you can get the changes approved.

Thanks!

Dave
ext. 5-3853

 -----Original Message-----
From:  Griffith, John
Sent: Friday, March 30, 2001 2:57 PM
To: Maggi, Mike; Griffith, John; May, Larry; Wei, Dave; Arnold, John;
Quigley, Dutch
Subject: RE: Skew Project

---------------------- Forwarded by John Griffith/Corp/Enron on 03/30/2001
01:58 PM ---------------------------

John Griffith
03/30/2001 02:55 PM
To: Jeremy Wong/ENRON@enronXgate
cc:

Subject: RE: Skew Project   << OLE Object: StdOleLink >>

I uploaded the skew vols with Margie's table.  She is going to check to see
if it hit the database.  Please mark the book (production) with this info.
Please call me at x.36247 if you have any questions.  Thanks.

John


Here is your draft !  !  !

Let me know if you have any questions.

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


Are you guys still going to desperados (SP?) tommorow?

I think I'm going to head there at about 3PM with Rob Laird and Blair
McDermott (you know Blair... the guy with the huge...)

w/b

Chris


I spoke to Dave Samuels, and if you are having Harry Arora sign it, Dave
thought that would be OK with Louise.  So we're on board.  Could you send me
a copy when it's signed.

Thanks for your help!

	Nora Dobin@ENRON
	01/12/2001 03:35 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Jeff Bartlett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Roseann
Engeldorf/Corp/Enron@enron
		 Subject: Re: Net Works/Bridge NDA

Update.  Bridge has signed and faxed back to us the attached NDA.  We have
not provided a signed counterpart and will not until we hear back from you.
If the attached is not acceptable to Net Works, we can ask Bridge to sign the
NDA again with DealBench as the Enron counterparty and you can have Bridge
sign the appropriate NDA for Net Works.

I apologize for any inconvenience; we merely were trying to accommodate
everyone's goals in a short time frame.

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

	Nora Dobin
	01/12/01 02:27 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Jeff Bartlett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Roseann
Engeldorf/Corp/Enron@enron
		 Subject: Re: Net Works/Bridge NDA

A couple of additional thoughts.  The mutual NDA covers Net Works and its
wholly-owned subsidiaries (which includes EOL).  Equitable relief is more
likely than arbitration to be the relief sought for breach of an NDA and
equitable relief is covered by attached.  We appreciate the need to conform
to policy; these thoughts are shared merely in an attempt to help streamline
the process for this transaction.  Again, just let us know how you would like
to proceed.  Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

	Nora Dobin
	01/12/01 02:02 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Jeff Bartlett/HOU/ECT@ECT, Roseann
Engeldorf/Corp/Enron@ENRON
		 Subject: Re: Net Works/Bridge NDA

We have done as outlined in my e-mail; if this is not acceptable, we can ask
Bridge to sign another agreement.  Bridge does want a mutual NDA and we need
something this afternoon.  Please let us know.

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com

	Tana Jones@ECT
	01/12/01 01:52 PM

		 To: Nora Dobin/Corp/Enron@ENRON
		 cc: Dave Samuels/HOU/ECT@ECT
		 Subject: Re: Net Works/Bridge NDA

Are you drafting this NDA for us?  I have already prepared a draft based off
your form, which adds not only Enron Net Works, but also EnronOnline as our
counterparty.  In addition, we have a company policy that requires that we
have arbitration in all of our agreement.  Our client over at EnronOnline,
Dave Samuels, is sending our form to his customer.

	Nora Dobin@ENRON
	01/12/2001 01:42 PM

		 To: Roseann Engeldorf/Corp/Enron@ENRON
		 cc: Jeff Bartlett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
		 Subject: Net Works/Bridge NDA

Further to attached, Shmuel advises that Bridge's signed counterpart of
attached is being faxed back to us this afternoon.  In my physical absence, I
have asked Rose to initial for Net Works (Mark, hope this is ok; this is same
agreement used for DealBench with changes noted below).  Bridge did not
return signed its counterpart of DealBench agreement, asking this morning for
a mutual NDA which we have accommodated.  Jeff suggested that since we had to
revise the agreement, we streamline the Net Works effort by making it the
Enron counterparty (Net Works and its wholly-owned subsidiaries (including
DealBench) are covered by NDA).

Thanks for your help.

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com
----- Forwarded by Nora Dobin/Corp/Enron on 01/12/01 01:25 PM -----

	Nora Dobin
	01/12/01 01:15 PM

		 To: shmuel.bulka@bridge.com
		 cc: Jeff Bartlett/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT
		 Subject: Net Works/Bridge NDA

Attached please find another draft of confidentiality agreement revised to
(i) change the DealBench counterparty to its parent, Enron Net Works LLC, and
(ii) make the agreement mutual in respect of Bridge Confidential
Information.  I understand that DealBench (which continues to be protected
under this agreement) would like to disclose information this afternoon to
Bridge.  Accordingly, please fax a signed Bridge counterpart as soon as
possible to me at the fax number below and to Jeff Bartlett at 713/646-8576.
We will fax to you a counterpart signed by Net Works.

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com


I think Ashley sent Fab some info on the fest.  We have had to lock into the
rooms last week, so I do not know if we will be able to help her get a room
unless they still have some available when she makes a decision.

Sorry to hear about your work life stinking.  I definitely know the feeling.
The way I rationalize it is that I will take a job that has better hours
before Jackson gets into school.

On a happier note, we are going to dinner with your parents this weekend.
Should be fun.  Talk to you soon - don't work too hard.
PL

rachel.bonilla-kragel@accenture.com on 02/18/2001 09:02:30 PM
To: Phillip.M.Love@enron.com
cc:
Subject: Jazz Fest

Hey Phillip.....I am on a plane back to St. Paul (Sunday night).  My life
completely (other than Jason and Drew) sucks right now.  I can not wait
until this project is done and over with.  I have reached the point of
thinking about quitting.  Funny how only 5 weeks ago my career counselor
asked me regarding that same question...and I had zero intention.

Anyhow, I spoke with Fabiola..and she is still interested in coming out to
Jazz Fest....and was curious in speaking with you and/or Ashley about
rooms.  She is not 100%...but is curious in talking with you re:
possibilities.  Her email is fabiola_rock@hotmail.com...and her cell number
is 617-515-6760.

Give the little one love for me...
rbk

Rachel Bonilla-Kragel
Accenture
North American C&HT
Denver - Octel 359/6017 - Direct Dial (720) 359-6017
rachel.bonilla-kragel@accenture.com

This message is for the designated recipient only and may contain
privileged or confidential information.  If you have received it in error,
please notify the sender immediately and delete the original.  Any other
use of the email by you is prohibited.


NOTE:  YOU WILL RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.

You have been selected to participate in the Year End 2000 Performance
Management process by providing meaningful feedback on specific employee(s).
Your feedback plays an important role in the process, and your participation
is critical to the success of Enron's Performance Management goals.

To complete requests for feedback, access PEP at http://pep.corp.enron.com
and select Perform Review under Performance Review Services.  You may begin
providing feedback immediately and are requested to have all feedback forms
completed by Friday, November 17, 2000.

If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:

Houston: 1.713.853.4777, Option 4
London:  44.207.783.4040, Option 4
Email: perfmgmt@enron.com

Thank you for your participation in this important process.

The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."   Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.

Review Group: ENRON
Feedback Due Date: Nov 17, 2000

Employee Name                   Supervisor Name                 Date Selected
-------------                   ---------------                 -------------
BUMP, DAN J                     BRIAN F BIERBACH                Nov 01, 2000
BYWATERS, CANDACE L             NATHAN L HLAVATY                Nov 01, 2000
CHOYCE, KENNETH T               BRIAN F BIERBACH                Nov 09, 2000
DANIEL, SHONNIE L               BARBARA N GRAY                  Nov 03, 2000
HODGE, JOHN W                   STEPHANIE W MILLER              Nov 03, 2000
LEGLER, MICHAEL J               DAN J BUMP                      Oct 31, 2000
MARSHALL, CHERYL L              NATHAN L HLAVATY                Nov 03, 2000
MEYER, CHRIS M                  STEPHANIE W MILLER              Oct 31, 2000
OGDEN, MARY C                   BARBARA N GRAY                  Oct 31, 2000
RADFORD, PATRICIA A             STEPHEN W VAN HOOSER            Nov 03, 2000


Thanks Lisa!

	Lisa Lees
	10/26/2000 10:43 AM

		 To: Jason Althaus/Corp/Enron@Enron
		 cc: Tana Jones/HOU/ECT@ECT
		 Subject: ETAs

Jason,

As we discussed, please route the message below to the approriate IT person
to retrieve the ETAs referenced.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/26/2000 10:37 AM
---------------------------
From: Tana Jones on 10/25/2000 03:26 PM
To: Lisa Lees/HOU/ECT@ECT
cc:
Subject: ETAs

Travis needs to get copies of the ETA's below.  I don't know if there is
someone here in Houston that can get them for him, or someone in London.  I
usually would have called Edmund on this but he's out sick for awhile.  Can
you track it down for us?  Thanks!
----- Forwarded by Tana Jones/HOU/ECT on 10/25/2000 03:24 PM -----

	Travis McCullough
	10/25/2000 02:43 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: ETAs

Tana -- I need the EnronOnline ETAs (faxes would be OK) for the following
countries:

Australia
Bermuda
Chile
Croacia
Czech Republic
Denmark
Japan
Mexico
Norway
Peru
Poland
Romania
Slovenia

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Mike, from what I am hearing, we will not get into the 6th floor to show the staff around ( prior to the move in).  I still think it would be timely for all of us to get together for a drink but in light of this small logistical issue we may want to postpone until we move in and then go out next week.

Once things settle down ( assuming they do) I look forward to talking specifically to you regarding increased initiatives on our parts to ensure we are getting everything we can out of marketing and trading efforts.  It is my observation that we have not made the progress I would have liked in terms of information flow... and although there has been progress, there is a ways to go. This probably has as much to do with individuals as it does anything else.

Looking forward to those discussions.

BT


ole0.bmp
 <<House Map2.ppt>>

 - ole0.bmp
 - House Map2.ppt


smith, pallen and others are talking about a ski-trip ASAP....as in leaving this weekend.  and smith has recommended visiting you in Deer Valley.  just wanted to give you some sort of fore-warning on the matter.

chat w/ you later,
SueBob

ps - he has also said he may stay longer...eek!


Hi.  Hey, I can't open this.

Hugs,
Jeff

-----Original Message-----
From: Charry [mailto:charrylising@yahoo.com]
Sent: Wednesday, December 05, 2001 2:37 PM
To: Prentice Sellers; Debbie Dasovich; Jeff Dasovich; Nancy Dasovich;
Steve Dasovich; Robert Holt
Subject: Haley & Wil's Christmas lists

__________________________________________________
Do You Yahoo!?
Send your FREE holiday greetings online!
http://greetings.yahoo.com


-----Original Message-----
From: 	"Ken Duncan Australia Wide" <info@kenduncan.com>@ENRON
Sent:	Tuesday, January 08, 2002 8:48 PM
To:	louise@enron.com
Subject:	KEN DUNCAN ORDER 131225

Good morning Louise and thank you for the above  order.  I will outline some framing and shipping costs below as  requested.  I just wanted to confirm that the print you have ordered is not  exclusively a large Limited Edition print.  This image is also available in  the 11" and 18" sizes and is an edition of 2000.  The price of this image  remains the same throughout the edition and does not increase as per your other  large images i.e. Field of Rainbows and Three Sisters.

40" Mount and Mat (Black Matting) $99.30 or $90.27  GST exempt
40" Black Mat / Pewter Frame  $294.90  or  $268.09 ex GST
40" Black Mat / Black Aluminium Frame (same as  Pewter frame)
(This includes High Quality Acrylic inserted  instead of glass)

Freight for either option $202.00

I hope this helps with your decision and I have  attached a sample image just help with your selection.

Look forward to your decision

Cheers
Fay
 - harbour relections sydney.jpg


Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/29/2001 10:35 AM -----

	Edward Sacks/ENRON@enronXgate
	05/29/2001 10:30 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: FW: Select Energy LOC Formats for EEI and ISDA

Please see below.

 -----Original Message-----
From:  moonevw@selectenergy.com@ENRON
[mailto:IMCEANOTES-moonevw+40selectenergy+2Ecom+40ENRON@ENRON.com]
Sent: Tuesday, May 29, 2001 9:40 AM
To: Sacks, Edward
Cc: lemelpe@NU.COM; morisjr@selectenergy.com; obriewp@selectenergy.com
Subject: Select Energy LOC Formats for EEI and ISDA

Ed-

Please see attached changes to the LOC Formats proposed by Enron.  I have
revised the draw language and expiration date language to reflect the
changes we agreed to last week.

In addition, I have inserted a paragraph at the end of the LOC form to
reflect a change requested by the bank.  It relates to the ability to
transfer the LOC.  Also attached is the form of transfer statement that the
bank will require if Enron chooses to transfer the LOC to another party.
It looks relatively straight forward and I believe it should be acceptable
to you.

Please review these changes and if acceptable, we can proceed with
execution of the documents.

(See attached file: Enron EEI LOC Format REVISED 052901.doc)
(See attached file: Enron ISDA LOC Format REVISED 052901.doc)

Thanks and regards-

Valerie Mooney
 - Enron EEI LOC Format REVISED 052901.doc
 - Enron ISDA LOC Format REVISED 052901.doc


Dear U2 Fan,

U2's exclusive session for BBC Radio One, of new material from All That You
Can't Leave Behind, is to be broadcast live on U2.com on Monday 23rd
October.

The band will be interviewed and will perform a live set during the Simon
Mayo and Jo Whiley shows which will take place at the BBC's Maida Vale
Studios, London.  The session starts at 11am until 1pm (GMT).

The full interview and all songs performed will be web-cast live on
http://www.U2.com

Best wishes
u2.com

www.U2.com is powered by WorldOnline.com


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 09/27/2000
08:58 AM ---------------------------

"Keith, Jack" <JKeith@sark.com> on 09/22/2000 10:10:48 AM
To: "Hunter Shively (E-mail)" <hunter.s.shively@enron.com>
cc:
Subject: Non-compete agreement

Hunter,

Attahced is a letter agreement by our Branch Manger, Brett Fisher, outlining
our pledge to keep your confidential information from competing groups.  It
would be great if we could get together next week to get your feedback.

 <<EnronNonCompeteTradeing.doc>>

Thanks,

Jack D. Keith
Senior Sales Representative
Software Architects, Inc.
mailto:jkeith@sark.com
(713) 787-0887
(877) 899-9893 Toll Free
www.sarkhouston.com
 <<Jack Keith (E-mail).vcf>>

 - EnronNonCompeteTradeing.doc
 - Jack Keith (E-mail).vcf


<<CinergyHourlyTable102201.xls>>

Lisa Lawson
Markets Editor
Platts - Megawatt Daily
713 939-5802
llawson@ftenergy.com

 - CinergyHourlyTable102201.xls


awaiting your signature


Hey there!

Just heard from some people downstairs that it is probably going to be
raining tomorrow.  That's a good thing.  If the games are cancelled, then I
will be able to make it downtown by 7:00.  Keep your fingers crossed.


Jeff, did Mark H. sign off on us removing triangular set-off between affiliated entities.  We have removed the concept as instructed by Barry, but do not want to send to PG&E unless we have Mark's OK.

Also, Eric/Barry you were going to canvass Bill in terms of what he would require for Credit.

Peter.

____________________________________
Peter C.M. Keohane
Vice President, Assistant General Counsel
and Secretary
Enron Canada Corp.
Phone:	(403) 974-6923
Fax:	(403) 974-6707
E-mail:	peter.keohane@enron.com


Here it is.  Let me know what you think.

DG


Start Date: 1/28/02; HourAhead hour: 14;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012814.txt