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--------------------T O P S T O R I E S--------------------

Top Stories (January 23)

RESCUED BY REVENUE DEBT? CALIFORNIA BILLS PROPOSE BOND SALE TO BUY POWER
Two bills working their way through the California Legislature carry with
them the potential for several billions of dollars in revenue bonds to be
sold by the state, but neither is expected to be finalized very soon.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/ambanker
/2001/01/23/news/0000-0043-KEYWORD.Missing

PG&E MOVE MAY MEAN MORE BLACKOUTS, BUT FEWER PIPELINE WOES
A change in the way a California utility can conserve electricity could help
avert statewide fuel shortages at the same time it increases the likelihood
of rolling blackouts.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/23/eng-djn/eng-djn_190030_5_22688481491059

SIERRA PACIFIC LOOKS AT EFFECTS OF NEW CALIFORNIA LAW
Sierra Pacific Resources and its Sierra Pacific Power Co. unit are evaluating
the effect of legislation passed Thursday by the California Legislature that
would "prohibit a facility for the generation of electricity owned by a
public utility from being disposed of prior to January 1, 2006," according to
Forms 8-K filed with the Securities and Exchange Commission.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/23/eng-djn/eng-djn_194031_119_035700184759

WASHINGTON REGULATORS ORDER RATE CAP FOR 13 PUGET SOUND ENERGY INDUSTRIAL
CUSTOMERS
Washington state regulators Monday ordered Puget Sound Energy Inc. (PSE) to
establish a temporary "soft cap" on rates for 13 industrial customers, a
spokeswoman for the Washington Utilities and Transporation Commission said.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
01/23/eng-djn/eng-djn_010038_205_778017882258

MINNESOTA GROUPS UNVEIL PROPOSED ENERGY BILL THAT FOCUSES ON CONSERVATION
A hefty consortium of consumer, labor and environmental groups unveiled their
idea of a comprehensive statewide energy bill Monday, and its proponents said
the legislation will keep Minnesota from feeling California's pain.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/23/krtbn/0000-0505-SP-ENERGY

MANY PENNSYLVANIA CONSUMERS SWITCH TO GREEN POWER
In the coal region southeast of Pittsburgh, atop a mountain stripped bare by
decades of mining, eight giant wind turbines hum softly around the clock.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/01/23/krtbn/0000-0426-PH-GREEN-POWER

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

PRESS RELEASE: Moody's Raises Northeast Utilities Rtgs

Green Mtn Power To End Winter-Summer Rate Differential

Green Mtn Power Sees 11.25% Rate Of Return In 2001, 2002

Green Mtn Power Gets Vt. OK For Pact To Hike Elec Rates

Green Mtn: 2 Earlier Temporary Rate Hikes Now Permanent

Green Mtn Power To Raise Elec Rates By 3.42% >GMP

Public Service Co Of N.H. Sr Sec Raised To Baa3:Moody's

Northeast Utilities Sr Unsec Raised To Baa3 By Moody's

Lawmakers Fear Pwr Price Rise If US Uranium Co Wins Case

Sierra Pacific Looks At Effects Of New Calif Law >SRP

PG&E Move May Mean Blackouts, But Fewer Pipeline Woes

Dynegy Call -5: Co Says National Energy Policy Needed

Midwest Generation: Emissions Trimmed At Ill. Coal Plants

Many In Bush Cabinet Worth Millions, Fincl Reports Show

Northeast Util Results -4: Yr Fincl Table, Comment >NU

Northeast Util Results -3: Street FY01 Net View $1.61/Shr

Northeast Utilities Results -2: 4Q Fincl Table >NU

Dynegy Call-4: Trading Ops Earned 15% Of Net In Calif

Dynegy Conf Call -3: Calif Overshadowed 4Q Comments >DYN

In Ratings Storm, Money Fund Mgrs Eye CP Credit Quality

Northeast Utilities Latest 4Q Loss $1.15/Shr >NU

Northeast Utilities 4Q Oper Net 47c/Shr Vs Oper Loss 12c

Dynegy Conf Call -2: Took Reserve For Calif Risks >DYN

Dynegy Sees Tremendous Volatility Ahead In NE Power Mkt

Dynegy CEO Sees Switch To Long-Term Pacts Helping Co.

Dynegy CEO Sees Switch To Long-Term Pacts Throughout US

Native Canadian Group Files Suit Against Manitoba Hydro

Dynegy CEO Sees Switch To Long-Term Energy Supply Pacts

Amer Electric Power Earnings -4: Year Fincl Table >AEP

UK Takeover Panel:No 'Deadline' For E.On-PowerGen Bid>EON

Amer Electric Earnings -3: '01 Street Net View $3.44/Shr

Amer Electric Power Earnings -2: 4Q Financial Table >AEP

Millicom Leads Bids In 2 Regions At Venezuela WLL Auction

American Electric Power Sees FY01 Net At $3.40-$3.50/Shr

American Electric Power 4Q Net 33c/Shr Vs 60c >AEP

American Electric Power 4Q Oper Net 49c/Shr Vs 48c

International Power/Ramapo -2:Plant Expected Ready in '04

International Power: Ramapo Project Application Accepted

Security Concern Keep Calif Utils From Warning Of Outages

Wash Regulators Order Rate Cap For 13 PSE Indus Customers

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Calif. Power Broker May Dissolve

MassDevelopment to Issue $10.4 Million in Utility Bonds for Transmission
System

Rescued by Revenue Debt? Calif. Bills Propose Bond Sale to Buy Power

Ratings Shielding Paper Market from Utility Woes?

PG&E Welcomes Federal Government's Leadership on Natural Gas And Electricity
Supply Issues

Fuel Supply to Sakhalin Power Plants Is Stabilizing.

New Jersey Natural Gas Company: Energy Assistance Is Available to Help
Customers in Need

Recent Energy IPOs Profit

Nasdaq: Biotech And Alternative Energy Movers

Numac Energy Inc. Mails Directors' Circular Recommending Acceptance of the
Anderson Offer

Evi, Arc Reach Agreement in Principle in Joint Venture to Develop Direct
Methanol Fuel Cell Technology

Aga Preview: US Natural Gas Inventories Seen Down 85-110 Bcf

Bush Extends Calif. Power Orders

Add 1: DOE Extends California Power, Natural Gas Orders for...

Psb Approves 3.4% Rate Hike; Allows Hydro-Quebec Cost Recovery

Calif Begins Taking Power Bids

Ferc Chairman Hebert Urges California to Produce More Power

Advisory/Energy Producers Power Update

Kinder Morgan Energy Partners, L.P. And Kinder Morgan, Inc. Invite You to A
Webcast of Their Annual Analyst Conference

Aes Begins Construction on $300 Million Wolf Hollow Power Plant in Granbury,
Texas; 730mw Plant Expected to Commence Commercial Operations in The Summer
of 2002

Canadian And U.S. Banks to Finance Power Plant in Mexico

Following Mayor's Directive, Lawa Takes Steps to Address Energy Crisis;
Reduces Gateway LAX Pylon Lighting by 61 Percent

Businesses Seek Relief from Natural Gas Prices

Recent Energy Ipos Profit

Chubu Electric Power Aims for Average Profit of 150 B. Yen

Reps. Worried About Electric Prices

Pacific Gas & Electric says California has exhausted interruptible supply

California Power Crisis Highlights Downside of Market Economy

A.G. Block ; Shocked California Power Problem Holds Political Portent

City Gets Energy Windfall

City of Port Colborne to Lease Port Colborne Hydro to Canadian Niagara Power

TransAlta Power, L.P. Announces 2000 Results

Trade in for New Engine...Existing GE Customer, Lubbock Power & Light, Reaps
Economic Benefits from LM Gas Turbine Engine Exchange Program

Spire Solar Chicago Helps Power Nature Museum; More Solar Systems to Follow

Reliant Energy Minnegasco Announces New Contribution to the Salvation Army
Heatshare ProgramContribution to Aid Minnesotans Most Directly Affected by
Current Natural Gas Costs -- Customers Urged to Participate in Program

New Strategies Should Be Adopted to Address California Power Crisis

Repeats: Energy Volume And Open Interest Totals-Jan 23

U.S. Energy Corp. Subsidiary to Acquire Powder River Basin Coalbed Methane
Property in WyomingDrilling Permits in Place for 22 Gas Wells

Cable Rate Break Prompts Electric Utilities' Challenge

Seitel Hires Chief Operating Officer for DDD Energy

Electric City And City of Norwalk to Host Demonstration of Energysaver for
California State And Municipal LeadersProspective Customers, Media And
Facilities Managers Welcome to Attend January 30th Seminar Featuring The
Energysaver(TM) As Answer to Energy Crisis

Midwest Generation Cuts Power Plant Emissions

Energy Update/Los Angeles Department of Water And Power Issues Daily Energy
Update for Tuesday, Jan. 23, 2001

Nuclear Regulatory Commission Availability of Technical Study of Spent Fuel
Pool Accident Risk at Decommissioning Nuclear Power Plants

Governor to Unveil a Sweeping Energy Plan

Energy Chief Not Inclined to Bail Out California

Square D Selects Sbs Technologies to Supply Embedded Computer Platforms for
Their Next Generation Electrical Power Management Systems

Top Energy Summaries - Tuesday, January 23, 2001 - 11:54 Am

Geonet Services Adds Online Supply And Marketing Management Systems to Its
Software OfferingsAgreements with Three Trading System Developers Mark Energy
Industry Milestone, As Geonet Is First to Offer Multiple Energy Marketing
Applications Via An Asp Platform.

Two of World's Largest Power Grids Agree to Collaborate

Calif. Utility Ends Overtime Ban After Dark Weekend

Michigan Announces Settlement with Detroit Edison Regarding Conners Creek
Power Plant

Banc of America Securities' Agha Initiates Research Coverage of Distributed
Energy And Independent Power Producers

Globaltex, a Coal Energy Company Seeks to Enter Electricity Generation
Business in The United States

Energy Costs Devour Funds: State's $400 Million to Be Spent in Week

Daniel Weintraub: Alternative Energy Key to Ending the Power Crisis

Top Energy Summaries - Tuesday, January 23, 2001 - 9:40 Am

Dynamotive's Successful Biooil Combustion Tests Opens Opportunities for
Biooil As A Clean Substitute for Natural Gas And Other Fossil Fuels in
Multi-Billion Dollar Industrial Fuels Market

Southern Increases Commitment to Energy Search Credit Facility Expanded to
$75 Million

Energy Office Reviews Electricity Fines; Price Dispute Lingers

Top Energy Summaries - Tuesday, January 23, 2001 - 8:51 Am

Usdatacenters Implements American Power Conversion's Silcon Solution to
Provide Industry-Leading Data Center PowerApc Provides Power, Project And
Service Expertise for Usdatacenters' New Massachusetts Center

``Hydrogen & Fuel Cell Investors' Newsletter'' Completes First Year of
Publication

Hcfp/Brenner Securities, Inc. Engaged As Investment Banker to Cambridge
Energy Corporation

CANADIAN AND U.S. BANKS TO FINANCE POWER PLANT IN MEXICO

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Top Energy Summaries - Tuesday, January 23, 2001 - 5:18 PM

Philippines - Energy - 1/22/01 10:18:48 Am

Congo (Drc) - Energy - 1/22/01 10:18:06 Am

Scottish Power Also Interested in Powergen

Nippon Steel to Enter Wind Power Business

Industrial Power Demand Up 2.6 Pct in Japan in DEC.

TransAlta Wins Bank Of America-SEE Backing For Mexico Generation Project

Top Energy Summaries - Tuesday, January 23, 2001 - 2:11 PM

Brazil: Piratininga Thermal Electric Facility to Operate with Natural Gas

Endesa's Central Costanera Q4 loss caused by higher energy purchase prices

Hcfp/Brenner Securities, Inc. Engaged As Investment Banker to Cambridge
Energy Corporation

Cbi's 6th Annual Brazil Energy 2001; Status of Regulations And Electric And
Gas Markets, Opportunities in Privatization And Development

Krupp to Reconstruct Uzbek Coal Industry

Nippon Steel to Launch Wind-Power Generation Business

Ness Introduces Innovative Ultracapacitors for Electric Vehicle And
Hybrid-Electric Vehicle Applications; New Award Winning Ultracapacitors
Feature High Performance in A Low Cost Package

British Energy Extends Seebeyond Solution to Support Implementation of
'World-Class' Work Management System

Japan's Hitachi, Fuji Electric tying up in power supply venture

Ramapo Energy Project Reaches Key Regulatory Milestone

China, Germany to Cooperate in Energy Development

China's First Group of Power Transmission Projects Underway

Fuel Cell-Powered Cars to Debut in Japan by 2010:Govt

Philippines Malampaya Gas Plant to Save Power Sector US$14.6 Mln

Rwe in Talks with Spanish Power Group

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

Saint Paul Pioneer Press, Minn., Investor's Eye Column

Minnesota Groups Unveil Proposed Energy Bill That Focuses on Conservation

California Utility, Once Exalted for Deregulation, Now Excoriated for It

Long-Time California Utility Employees Sad to See `Family' Break Apart

Power Talks Yield Some Progress in California Energy Crisis

Washington State Leaders Seek Healthy Way to Deal with Energy Crisis

Water Grant Awarded to Two Heath Springs, S.C., Industries

Energy Costs Fueling Caution, Concern in Rhode Island

Many Pennsylvania Consumers Switch to Green Power

Florida Power Corp. Plans to Move Three Orlando, Fla.-Area Offices

Californians Face Tough Choice on Power

New Hampshire Supreme Court's Ruling Permits Deregulation of Electric Utility

Fort Worth Star-Telegram, Texas, Todd Mason Column

Oregon Lawmaker Issues Call to Re-Regulate Energy

Answers to West Coast Energy Crisis Blowing in The Wind

Energy Company's Advertising Gets Colorado Residents Seeing Red

Deregulation Prompts Texas Utilities to Boost Staff

Toll on California Businesses, Economy Feared After State's Power Woes

Texas Utility Blames Higher Costs, Cold Weather for Rising Gas Bills

Senators Call for Fast Action from Bush Administration on Energy Crisis

Columbia, S.C., Residents Cope with Higher Power Bills

California Electric Utility's Options Are Increasingly Dim

University of California Board Gives Feds A New Role in Nuclear Lab Control

Federal Officials Expect Energy Prices to Begin Long, Steady Decline

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

DPL Energy profits in line, sees 2001 ahead of Street view

TABLE-AEP Q4 ongoing shr $0.49

UPDATE 1-Cominco cuts zinc output to supply Calif. power

Utilicorp sees 2000 earnings above forecasts

Atmos Energy first quarter 2001 results beat estimates

Lack of power lines pose N. Calif. blackout threat

ADVISORY - Duke Energy Corp.

Emergency power seen averting California blackouts

Turkish energy minister beats back censure vote

PSEG makes case for new Salem nuke water discharge permit

UPDATE 2-AEP Q4 earnings rise 2.6 pct, 2001 seen higher

PG&E welcomes renewal of energy orders, says solutions needed

Salt plant still closed a week after Kansas explosions

Calif 'hiccup' won't unplug deregulation -Dynegy CEO

PPL shares lead electric utilities higher

WRAPUP 4-Calif. gets power help -- and deadline

US envoy meets Indian state chief on Enron project

PSE&G sets redemption of preferred shares

Poland picks EdF-EnBW group to buy power plant

Dominion Resources to sell $500 mln-$1 bln notes

Safety system shuts down Russian nuclear reactor

Dynegy earnings handily beat raised expectations

Italian multi-utility Acegas confirms IPO plan

Philadelphia mayor proposes $2.9 billion budget

Merrill says power crisis hurts Calif. muni bonds

Con Ed urges FERC to fix N.Y. wholesale electric market

AEP fourth-quarter operating earnings up 2.6 percent,

Moody's raises Northeast Utilities ratings

FERC staff mull ways to monitor Calif power market

PSEG sees Q1 earnings trailing 2000 level

TABLE - Hawaiian Electric Q4 results

New Issue - Dominion Resources sells $1.0 bln debt

UPDATE 4-Dynegy posts record earnings in fourth quarter

US issues last order on Calif natgas, power supply

UPDATE 2-Dynegy posts record earnings in fourth quarter

UPDATE 1-California CEOs say power crisis threatens economy

Northeast Utilities Q4 oper net share $0.47 vs. $0.35

Moody's revises National Rural unit's l-t rtg outlook

TABLE - Public Service Enterprise Q4 net

UPDATE 2-PSEG earnings jump 56 percent, more gains seen

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NEW on the POWERMARKETERS.COM TRAINING PAGE
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Access all online presentations at: http://www.pmaconference.com

New! Now you can choose to stream the presentation immediately over the web,
or download it to your computer for later viewing-- Free!

New! Five additional RealVideo-based powerpoint-based presentations, with the
accompanying audio. Running about 30 minutes each, the new selections include:

ELECTRONIC TRADING. Power is following natural gas to become an
electronically-traded commodity. The products, the technology and the future
of electricity transactions. Kevin Sluder, Vice President, HoustonStreet
Exchange.

NUTS AND BOLTS OF RETAILING. What it takes to put an energy retailing
operation together-- the cash and credit requirements, back office,
information technology, staffing, marketing, sales and organizational
considerations. Andrew Serri, Vice President, AmerenEnergy Marketing.

RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
far been an underwhelming success, but a great deal has been learned, and it
is eminently fixable. By Dr. John O'Brien, Principal, Skipping Stone

MANAGING BILLING. The complex requirements for managing billing and
commodities in the deregulating energy industry cannot be met with current
CIS and CRM technology. Energy Retailers must embrace the next evolution of
energy customer management (ECM) solutions. Paul Grey, Chief Technology
Officer, Peace Software.

THE INTERNET AND THE VELOCITY FACTOR. Greater price transparency, faster
execution, reduced transaction costs, increased number and frequency of
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The following prescription number requested for pickup on Tuesday, May 8th is
now ready:

*****17-03157

(Only 7 digits of each prescription refill number are shown to maintain
privacy)

This prescription can be picked-up at:

WALGREENS
3317 Montrose Blvd.
Houston, TX 77006
Pharmacy Phone: (713) 520-7777
Drive Thru: Yes

This pharmacy is open 24 hours a day.

______________________________________________________
DON'T FORGET YOUR NEXT REFILL

If you are refilling again next month, we can send you a reminder.  Go to our
reminders section of our website and set prescription reminders at
https://www.walgreens.com/pharmacy/remind/reminders.jhtml?rxr=2


Susan, per your request.  Deb


There are a couple of typos and I would like you to CC me on this, other than
that I think it looks good.  Think about generalizing the deliveries to any
dleivery point, although we do want to go to Northwest.  If they cannot get
into NWP then we will want to make sure we can get our full volume into
Questar.  It is my understanding that they should be delivering our full
volume to whatever point can take it. Questar is not priced as high as NWP
but on $3 gas $.10 is not that big of a deal compared to not flowing the gas.

Mark


FYI
----- Forwarded by Robbi Rossi/Enron Communications on 07/07/00 08:54 AM -----

	Michelle Hicks
	07/07/00 08:38 AM

		 To: Robbi Rossi/Enron Communications@Enron Communications
		 cc:
		 Subject: Re: Master BWT Agreement

fyi
----- Forwarded by Michelle Hicks/Enron Communications on 07/07/00 08:45 AM
-----

	JNatori@tokyo.whitecase.com
	07/07/00 02:49 AM

		 To: Michelle Hicks/Enron Communications@Enron Communications
		 cc: Cynthia Harkness/Enron Communications@Enron Communications,
MSuzuki@tokyo.whitecase.com
		 Subject: Re: Master BWT Agreement

Michelle,

I discussed the corporate authorization issue with Mika Suzuki, a Japanese
lawyer in our office.

1.  Basically, we believe that Japanese corporations can enter into the
Master Bandwidth Purchase and Sale Agreement.

     A.  There is no specific internal authorization required in Japanese
corporate law and practice, unless the transaction is considered
"important."  Obviously, the question of what is "important" is relative.

     B.  Generally, larger companies have internal directors' rules that
specify a monetary amount above which transactions must be subject to board
approval.  Outsiders are usually not privy to that information and, having no
notice thereof, are not prejudiced by failure of the company to follow its
own internal approval procedures.  There is case law to support that notion
with regard to the claims of innocent contract counter parties.

     C.  However, if the counter party has notice that board approval is
required, but has not been obtained, or the counter party is "negligent"
(like a constructive notice type of situation) the counter party will not
have the benefit of any lack of authority argument or defense.

     D.  We note that the draft Master Agreement provides a representation
and warranty regarding due authorization in Section 10.(a)(iv).  Although not
determinative, this provision should be considered by a Japanese court.

     E.  As the execution of the Master Agreement does not involve a specific
transaction and transaction amount, it is unlikely that it would fall into
this "important" matter category requiring board approval.  However, the
transactions will have to be judged on a case-by-case basis.

2.  A.  In the BWT context, if the bandwidth purchaser is not going to use
the bandwidth itself (i.e., the purchaser plans to re-sell the bandwidth),
the purchaser will have to be licensed as a telecommunications carrier under
the Telecommunications Business Law of Japan (the "TBL").

     B.  In order to be licensed as a telecommunications carrier, the general
rule is that the registered business purpose of the corporation must specify
that its business purpose is to carry on telecommunications business.
(Please see the corporate register of the Applications YK and Network YK for
examples of this.)  We note that the draft Master Agreement provides a
representation and warranty regarding licensing in Section 10.(a)(iii).

     C.  Basically, a violation of the licensing requirement should not
affect the validity of the contract, but simply result in the bandwidth
trader becoming subject to the penal provisions of the TBL.  However, one
should keep in mind that the intention of the TBL is to protect the public
good and, to the extent that disregard of its licensing requirements in
connection with BWT might be considered a threat to or undermining of the
integrity of the telecommunications system, broader regulatory action may be
a possibility.  In that regard, an action for specific performance of a
bandwidth delivery obligation by the unlicensed trader may be problematic.

We hope this answers your initial question.

Best regards.

Jeff

>>> <Michelle_Hicks@enron.net> 06/27/00 05:28AM >>>

Jeff,  Here is the latest version of the Master Agreement.  The scope of the
review at this time is limited to whether Japanese companies are authorized to
enter into such an agreement.  I will let you know when or if the traders are
interested in having the form reviewed from a Japanese law perspective.
Please
let me or Cynthia know if you have any questions or comments.  Best regards,
Michelle
----- Forwarded by Michelle Hicks/Enron Communications on 06/26/00 03:34
PM
-----
|--------+------------------------>
|        |          Marie Heard   |
|        |                        |
|        |          06/26/00 03:17|
|        |          PM            |
|        |                        |
|--------+------------------------>

>----------------------------------------------------------------------------|

|                                                                            |
  |      To:     Michelle Hicks/Enron Communications@Enron
Communications      |
  |
cc:                                                                   |
  |      Subject:     Re: Master BWT Agreement(Document link not
converted)    |

>----------------------------------------------------------------------------|

                         (See attached file: samplembpsa.pdf)
 - TEXT.htm


thank you, and hope your Holiday is great also.
We really do have much to be grateful for.
srm


Attached is a DRAFT  TBMA/ISDA document comparing S.420 and H.R. 333.
Please note that this is a draft document and should not be circulated to
hill or regulatory staff at this time.  The document compares each of the
relevant sections of the bill and includes comments on the preferred section
where the House and Senate provisions differ.  Please do not hesitate to
contact me or Frank Hampton  if you have any questions.  Many thanks!   --
Stacy

 <<Side-by-Side Analysis Bankruptcy Legislation.doc>>

Stacy Carey
Director North American Regulatory Policy
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

 - Side-by-Side Analysis Bankruptcy Legislation.doc


Vince:

Thank you very much. I hope I get a chance to meet you sometime,

Cheers,
Edith Terry
Enron/DC

Vince J Kaminski@ECT
04/14/2000 01:46 PM
To: Scott Tholan/Corp/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT (bcc: Edith Terry/ENRON_DEVELOPMENT)

Subject: Edith Terry

Scott,

I spoke briefly with Edith Terry from our DC office. There is not a good fit
for my group
but she could be a great asset for you.

I have her resume in case you are hiring and  would like to take a look at
her.

Vince


Here is the rest of the information to fill in the below blanks:

a)  Gas prices at TCO's pool for spot gas trades for April 22, 2002 were $3.545 per Dth ---  the midpoint of Gas Daily's Columbia Appalachia price posting.

b)  ENA did receive various letters from TCO addressing Section 9.5(c) notifications.  The first notice was dated November 28, 2002.  The other two letters memorialized conversations regarding ENA's creditworthiness.  I can fax these to you.

c)  EES appears to not have received letters regarding creditworthiness, or at least I can not find any correspondence.  Apparently, phone conversations did occur that related to the fact that if EES pays their bills that TCO would continue to allow them to do business.  EES has paid their post-petition invoices, with one exception, a billing dispute of $1000 to $1500 that was related to nominating on a contract that had been recalled by the releasing shipper without notice to EES.

d)  Due to the uncertainty of whether TCO was going to allow EES to use the capacity,  EES did not use their capacity in December.  EES did pay the invoice, however, as is noted on Exhibit H.

e)  For providing adequate assurances of performance,  EES did not have to put up anything special, like a guaranty or a letter of credit.  TCO has been requiring that EES maintain a minimum volume balance on EES's OBA, Operational Balancing Agreement, for their pool.  TCO has indicated that 71,766 Dth should be the minimum OBA balance for April 2002.  EES's OBA balance as of April 21, 2002 is 36,647 Dth.  Based on current forecasts, EES's ending OBA balance will be 46,876 Dth, so EES will have to go out and purchase additional supplies to maintain TCO's April 2002 minimum balance of  71,766 Dth.  This is the only thing that is happening that can be deemed a "frozen parking balance".

f)  We can not find the misplaced invoice that would nail down how much gas may be due ENA in Item #8.  Just go with at least 62,000 Dth.

g)  EES has not really been harmed in that they have been prevented in making sales.  Maintaining the minimum OBA balance has just increased their operating costs.

h)  On Ed's affidavit, the above changes need to be made.  Also please decide whether, the letters that I am faxing you really over-ride many of the notification arguments that you are trying to make.

Ruth

---Original Message-----
From: 	Concannon, Ruth
Sent:	Sunday, April 21, 2002 7:20 PM
To:	'mark.ellenberg@cwt.com'; 'edward.smith@cwt.com'
Cc:	McMichael Jr., Ed; Mann, Kay; Germany, Chris
Subject:	High Level Comments to Columbia Gas Round II Motion

I recommend that your draft response and Ed's affidavit be revised.  There are many inaccuracies in TCO's Round II Motion.  Here are my high level comments for:

TCO's Round II Motion

#1)  ENA's and EES's situation are completely different.

#2)  When TCO's Round I Motion was filed gas on TCO was supposedly trading at $2.285 per Dth on February 11, 2002.  Gas is now trading at around $3.60 - $3.70 per Dth.  This is not a typo.  Prices are up by over $1.30 per Dth since early February, but who knows how long they are going to stay there.  I will be able to get a better number on Monday morning.  By all these court delays, TCO has actually made us some money.

#3)  For the post-petition period, ENA has not been using its firm transportation contracts and has not paid TCO's invoices for PAL, FTS, OPT-60, or IGS (i.e. interruptible gathering service that is used to aggregate supply like the Dominion producers) -- See Exhibit C "ENA Chart".

#4)  ENA has two PALS agreements with stranded park balances (PAL K# 67401& PAL K# 70457); three temporary capacity release contracts that were acquired from several different parties (OPT-60 K# 71451 released from Commonwealth Atlantic Limited Partnership, FTS K# 70285 released from Columbia Energy Services Corporation & subsequently re-released back to New Power, FTS K# 70357 released from The New Power Company); one FTS agreement that originally was acquired from a third party (i.e. the marketing affiliate of TCO) and later converted over to ENA during the contract rollover process (FTS K# 70197); two FTS agreements that were acquired from TCO, the pipeline, through a capacity auction (FTS K# 67133 & FTS K# 67207); and one IGS agreement where additional commodity charges have been invoiced during the post-petition period -- Exhibit C.

#5)  Interestingly, Exhibit C does not show K# 71451, K# 70285 (demand & credit) are capacity relase deals acquired by ENA.  To the extent ENA does not pay, TCO should be billing the releasing shipper.  In fact, K# 71451 is the 40,000 Dth/d OPT-60 contract that has been referred to in the CALP, Commonwealth Atlantic Limited Partnership, Stipulation that Weil has already filed with the court.  The recall of this temporary capacity release contract occurred on March 20, 2002.  TCO should be billing CALP for both the pre-petition and the post-petition reservation charges not paid by ENA and the full charges from the effective date of the capacity recall.  By my count, those amounts are $131,063.20 pre-petition and $362,423.00 post-petition, or about 35% of TCO's pre-petition and post-petition claims -- ex. Paragraph 5, 8, 9...

#6) Paragraph 6 is misleading.  On November 30, 2001, ENA nominated a 10,000 Dth/d nomination for December 1st through 31st, or a total of 310,000 Dth, the entire balance of parked gas under PAL K# 67401.  This agreement was going to terminate on December 31, 2001 and ENA wanted to zero out the balance by the termination date.  TCO refused to accept the nominations so the ratable gas deliveries of 10,000 Dth/day for 31 days were not scheduled into ENA pooling account with TCO and could not be sold in the December 2001 spot gas market.  Interestingly, TCO continued to invoice ENA for the PAL charges even though TCO was holding our gas -- ex. Exhibit C.

#7)  ENA also tried to nominate a portion of the parked gas, 10,000 Dth/day, on January 2nd for Gas Day January 3rd deliveries.  Once again TCO did not accept ENA's nomination and no parked gas was scheduled for January 3rd.  The end result was that the parked gas could not be used as a source of gas supply to perform under an existing sales agreement with Columbia of Ohio, one of the many sales agreements in ENA's portfolio of contracts.

#8)  ENA continues to be invoiced commodity charges under the IGS agreement for the post-petition period.  This leads to the question, what has TCO done with ENA's gas that the small producers have been delivering into ENA's IGS agreement and why have we not seen any accounting of these volumes?  I am missing one month's invoice but I am guessing that the volumes should be around 62,000 to 77,000 Dth.  I will have to get this nailed down Monday morning.  Also, volumes that are non-gathered are aggregated separately.  TCO would have to provide this volume information.

#9)  For the post-petition period, EES has been using its FTS, SST, SIT and IGS contracts in order to continue to serve its markets.  EES has been paying the pipeline, either monthly or on a pre-pay basis  --  See Exhibit H "EES Chart"

#10)  I doubt the pipeline allowed EES to continue to do business without providing adequate assurances of performances -- ex. Paragraph 11, 21...  I will have to check on Monday what exactly was done.

#11)  Since EES has been using their capacity and paying their bills during the post-petition period, I do not understand how TCO can both accept nominations for EES's pool gas and freeze the pool balance simultaneously -- ex. Paragraph 12...  I will have to get more info from EES on Monday.

#12)  Value of pool gas should be at current conditions -- ex. Paragraph 13...  Exact opposite of the pricing support to the argument in Paragraph 21 has actually occurred.

#13)  Exhibit H shows the supposed $2,104,463.31 revenue that will be lost by TCO as a result of EES breaching its contracts.  Contract breach?  Once again, EES continues to use and pay the invoices for its contracts since the petition date.  Wouldn't it be likely for this situation to continue until the end of the terms of the agreements, or that these agreements could be assigned or released to another party if it is decided that EES terminates its retail sales off TCO -- ex. Paragraph 14...

ENA's & EES's Response to TCO Round II Motion

#1)  Assuming I am correct on the EES pooling, ENA's and EES's situation are completely different and in the majority of the cases should not be lumped together generically as Debtors or the estate.

#2)  Loans are made for a variety of reasons (e.g. imbalance management, TCO wanting to reduce its current line pack or inventory, etc.) -- Paragraph 6...

#3)  Once again, holding EES's pool gas does not make sense since EES appears to be all paid up.  I will get this confirmed Monday morning -- Paragragh 1, 2, 4, 7, 9, 10, 14, 15, 16, 17, 21...

#4)  For the first time that we can recall, TCO is also using Sec 9.7 of their tariff to also address the issue of storage customers who are outside the contractual limitations of their storage agreements.  Chris Germany just sent out a notice where TCO announced a gas sales auction to sell off a small volume of gas that fell in this category.  The volume was so small, it is hard to believe that TCO could even see it in their day-to-day operations.  My guess is they are trying to set a precedent to make a point -- Paragraph 26, 27, 28, 29, 30...

#5)  Notices to suspend performance on account of non-payment?  I do not know if written notices were sent to ENA.  I will have to check Legal's termination letter file on Monday morning.  For EES, since they are paying I don't know how they can be included in this argument.  Chris and Robin both talked with TCO when the nominations were not accepted.  Supposedly, TCO verbally stated that the need for payment assurances was the reason the parked gas was not scheduled -- Paragraph 37, 38, 39...

#6)  Paragraph 38 needs to be updated as described above in Item #6 and #7

Ed McMichael's Round II Affidavit

#1)  Paragraph 1, should you also include "EES"s"

#2)  Paragragh 4, see above information described in Item #6 and #7

#3)  Now that I have had a chance to read the Exhibits to Ed's Affidavit, Paragragh 5 as originally drafted looks fine.

#4)  Once again, I will get back to you on Paragraph 6

#5)  Once again, I will get back to you on Paragraph 9 and 11

Call me if there are any questions,

Ruth Concannon
Home:  (713) 266-8040
Work:   (713) 853-1667

P.S. I can't pick up any e-mail from home right now.


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/28/2000
10:32 AM ---------------------------

"Brook" <brook@pdq.net> on 08/27/2000 06:49:29 PM
To: "Jennifer Anderson" <janderson@hscsal.com>, "Scott Aronstein"
<s.d.a@mindspring.com>, "Ori Batagower" <batagower@aol.com>, "Terri Casler"
<terri0924@aol.com>, "Roni Most" <rpmost@hotmail.com>, "Spencer Payne"
<spencermp@yahoo.com>, "Andy Starr" <astarr@hscsal.com>, "Hershel Swartz"
<hershel@flash.net>, "Stephen Zindler" <stephenzindler@homecomings.com>,
"Alex Niemer" <alex.niemer@rantechnologies.com>, "Jim Day" <jday@cwhq.com>,
"Anthony Eppolito" <TONY5850@AOL.COM>, "Ben Colunga" <coolbenc@flash.net>,
"Tim Hekker" <thekker@hscsal.com>, "Eric Johnson" <ezy@flash.net>, "Gary
Fernandez" <gfernandez@hscsal.com>, "Boyd" <corndog3@fbtc.net>, "Dale
Enderlin" <edeirish@aol.com>, "George Hope" <george.hope@enron.com>, "John
Castille" <jcasti@coair.com>, "Russ" <smokedbbq@aol.com>, "Harry Bucalo"
<harry.bucalo@enron.com>, "Matthew Lenhart" <Matthew.Lenhart@enron.com>
cc:

Subject: Losers Wanted

Hey guys and gals, just a reminder that we  are?less than a week away from
kickoff and I see that you have not joined  in the office pool.? By now you
should have received the directions on how  to join the pool.? There is still
plenty of time but I still advise not to  wait to long just incase you have
any problems.
?
We are at over 40 players as long as each of you  join up.? Let me know if
you have changed your mind so I can take you off  my list (at least for this
year).
?
Hope all is going well and I'll look for you on the  page.
?
Brook


I think Malowney asks these guys to write these things.

PS - Rawson had nothing to do with "arranging" my visit, I set up myself

 -----Original Message-----
From: 	Alan Meyer <ameyer@wii.com>@ENRON [mailto:IMCEANOTES-Alan+20Meyer+20+3Cameyer+40wii+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, May 21, 2001 5:22 PM
To:	John Malowney (E-mail)
Cc:	Fuller, Dave; Les Rawson (E-mail); Ron Whitehead
Subject:	Dave Fuller Visit

John,

I was informed by Ron Whitehead that Les Rawson has arranged for Dave Fuller
to visit us on 6/13 to discuss natural gas opportunities.  (I mentioned that
we would be interested in this topic during my 5/4 visit.)

As you know, we attach significant value to having you as our one
point-of-contact with Enron - and we want to continue to work through you on
any new activities.  Given this, I am hoping that you will be available to
attend this meeting or that we can reschedule it so that you can be
available.

Please let me know if this is possible.

Alan Meyer
Corporate Energy Manager
Willamette Industries, Inc.
Voice:	503-412-2009
Fax:	503-721-8624
E-mail:	AMeyer@wii.com <mailto:AMeyer@wii.com>


We think the broker's right - can't read Mark's handwriting - but I can't
change the price until they're done with the calc - about 20 min. I'll let
you know.

Kate

Kerri Thompson@ENRON
03/12/2001 02:55 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

but the broker has 207.50?

---------------------- Forwarded by Kerri Thompson/Corp/Enron on 03/12/2001
04:56 PM ---------------------------

Kerri Thompson
03/12/2001 04:09 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

missing deals for mark

sell mirant
april
25 mw
207.50
pv

sell mirant
april
25 mw
205.00
pv


Here are rough transcripts of the first four days of Busse's deposition

? <<buss0710.txt>>  <<buss0711.txt>>

 <<buss0712.txt>>  <<buss0713.txt>>

This e-mail message may contain legally privileged and/or confidential
information. If you are not the intended recipient(s), or the employee
or agent responsible for delivery of this message to the intended
recipient(s), you are hereby notified that any dissemination,
distribution or copying of this e-mail message is strictly prohibited.
If you have received this message in error, please immediately notify
the sender and delete this e-mail message from your computer.

 - buss0710.txt
 - buss0711.txt
 - buss0712.txt
 - buss0713.txt


Mitch:
Just wanted to talk to you for a quick second about something we talked about
this week.  Please give me a call and I'll come down.
Ben


----- Original Message -----
From: smchesebro
To: Wanda  Schaudel  ; Terri  Lehle  ; Rachelle O'Connor  ; Michelle  Phelan  ; Pam Smith  ; Lisa Martin  ; Julia Powers  ; Lacey Telge  ; Karen Roush  ; Nikki King  ; Kelley  Montgomery  ; Julie Welty-Nguyen  ; Dana Pike  ; Maureen Cook  ; Charlotte Howard  ; Marianna Childress   ; Cindy Doublesin  ; Allison Burkholder  ; Julie Dubros  ;  Denise Ramponi  ; Kelly Clatt  ; Becca McDowell  ;  Alisa Williams  ; Michelle Kyle  ; Marta Krautz   ; Heather Cagney  ; Dianna  Hadley  ; Pam Behrend  ; Barbara Betzko  ; Laurel Boren  ; Kristin  Bourgeois  ; Cynthia  Broom  ; Michelle Chesebro'  ; Rania  Combs  ; Gwen Enright  ; Liz Gammell   ; Deanna Harris  ; Eva  Hollingsworth  ; Donna Harwell  ; Barbara Knight  ;  Kate  Moore  ; Susan Logsdon
Sent: Wednesday, February 06, 2002 1:51 PM
Subject: February & March Calendars
Hey You Guys,

Below are the calendars for February and  March.

Other News Letter Items:

Spring  Festival
This has been moved back to the Mom's Group to  organize and do it.  Any volunteers will be greatly appreciated, contact  Karen Roush.  Please respond quickly, as the date of the Spring Festival is  March 30th!!

Garage Sale
The garage sale date has yet to be determined, but  will hopefully be decided on this week.  If anyone knows the  date of the Winchester Trails' Garage Sale this year, please let me  know, that's when we want to schedule ours.

Cookbook Sale
We still have quite a few cookbooks to sell.   If each Mom would take 3-5 cookbooks and ask neighbors/friends/etc we could sell  them quickly.  Please help out - call or email Rania Combs 281-807-3944 or  raniacombs@houston.rr.com

If I have dates/times/etc incorrect below, please  let me know.  I plan on sending this in to the newsletter next  week.

Thanks!
Michelle

FEBRUARY
Wednesday,  February 13:  Trip to the Zoo 9:30  am
  Hostess:  Dianna Hadley 281-477-9804 or dhadley1@houston.rr.com
  Meet at the clubhouse at 9:30  am
  Don't forget to pack a lunch (or you can  buy food there) and sunscreen
  Please rsvp to Dianna beforehand so she  knows whom to wait for

Tuesday, February 19:  Mom's Night Out 6:45  pm
  PF Chang's China  Bistro  11685 Westheimer Rd (281) 920-3553
  Hostess:  Laurel Borens 281-723-1342 or underthecs@aol.com
  Meet at clubhouse at 6:45 pm
  Please rsvp to Laurel by Friday,  February 15th

Sunday, February 24:  Take the kids to the Imax - Beauty and  the Beast
  Edwards Houston Marq*E  IMAX   website:  www.edwardscinemas.com
 7620  Katy Fwy  (713) 263-0808
  Hostess:  Laurel Borens (281) 723-1342 or underthecs@aol.com
  Buy tickets beforehand at Fandango.com  or at the cinema - they sell out quickly
  Sunday shows 11:30am 1:30pm 3:30pm  5:30pm 7:30pm and 9:30pm
  - Call Laurel and we'll decide on the  best time to go based on people going
  Prices $11 adults and $9 ages  3-11

Wednesday, February  27:  Play Group -3:00 pm
  Hostess:  Laurel Borens 8703 Ballinger Drive  281-723-1342 or underthecs@aol.com
  Bring a snack to  share

MARCH
Tuesday, March 5:  Mom's Group General Meeting 7:00  pm
  Hostess:  Marta Krautz 8911 San Patrico  281-469-9566 or pugbelle@netscape.net

Wednesday, March 13:  Storytime at the Library and Playtime at  Bill Bane Park 10:30 am
  Hostess:  Michelle Chesebro' 281-890-6099 or smchesebro@msn.com
  Located on the corner of Gessner and  West Little York

Sunday, March 17:  Mom's Day at the  Movies
  Hostess:  Deanna Harris 281-890-8313 or deannaharris@houston.rr.com

Tuesday, March 19:  Zoo Day 9:30am
  Hostess:  Michelle Phelan 281-894-2480 or mphelan@houston.rr.com
  Meet at the clubhouse at 9:30  am
  Don't forget to pack a lunch (or you can  buy food there) and sunscreen
  Please rsvp to Michelle beforehand so  she knows whom to wait for

Tuesday, March 19:  Mom's Night Out 7:00  pm
  Chuy's Mexican Restaurant 6328  Richmond Ave (713) 974-2322
  Hostess:  Marta Krautz 281-469-9566 or pugbelle@netscape.net
  Meet at clubhouse at 7:00 pm
  Please rsvp to Laurel by Friday,  February 15th

Friday, March 22:  Playgroup/Egg Stuffing  Party
  Clubhouse 10:00am - 12:00 pm
  We will be stuffing eggs for the Egg  Hunt.  Bring a snack to  share.

Saturday, March 30:  Easter Egg Hunt and Spring  Festival
  10:00am - 12:00 pm  Clubhouse Grounds.  We are needing volunteers for egg  stuffing, set up, clean up, and manning booths.  Please call Karen Roush at 281-890-4765  or kroush@houston.rr.com

Tuesday, April 2:  Open House for all Mom's 7:30 pm to +/-  9:00 pm
  Where:  Willowbridge/Stonebridge  Clubhouse
  Hostess:  Dianna Hadley 281-477-9804 or dhadley1@houston.rr.com

April (date to coincide w/  Winchester Trails Garage Sale:   Garage Sale, Clubhouse
  8:00am -  12:00pm
  Hostesses:  Deanna Harris 281-890-8313 or deannaharris@houston.rr.com
                       Dianna Hadley 281-477-9804 or dhadley1@houston.rr.com
You may drop off your tagged items  at the clubhouse the night before the sale.  If you would like to volunteer for  Friday night or Saturday, or have any questions, please call Deanna or  Dianna.

If you  need a Mom's Group Directory, please contact Dianna Hadley at  281-477-9804.


Kevin,

Tomorrow I am meeting with 2 separate consulting groups that represent collectively 15 EMCs in Georgia.  As a result of our calling efforts, it appears as if these 15 are some of the larger EMCs under Oglethorpe.  I think these 2 groups are planning to break apart from OPC and form 2 new agencies (7 in one, 8 in the other).  I plan to get as many details on this as possible during the meetings.

There are 2 opportunities at this point with specific EMCs in each of these groups.  Both are to buy energy on the Georgia ITS.  1) 75MW, 7x24, Jan-Feb'02, and 2) 20MW, 7x24, 3-5 yrs., beginning 1/1/03, prefer load following at a 73% load factor, but will consider a block purchase.

I'm going to get more details on these separate requests, but wanted your initial interest level.

Thanks,

Billy Braddock
Manager - Enron Power Marketing Inc.
713-345-7877 (work)
713-646-4940 (fax)
713-503-2166 (cell)


Have fun and enjoy yourself.  You need the break after all of your
international travels.

Rick leaves for London on the 6th and will not return to the office until the
20th.  They are skiing the week of March 13th.  I will be in England from
March 9th and will return to the office on March 20th.

	From:  Sally Beck @ ECT                           02/29/2000 03:32 PM

To: Cliff Baxter/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Richard
Causey/Corp/Enron@ENRON
cc: Susan Skarness/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Sharron
Westbrook/Corp/Enron@ENRON

Subject: Vacation - March 2, 3, and 6th

I will be out of the office on vacation on Thursday, Friday and Monday, March
2, 3, and 6th.  My assistant, Patti Thompson (x39106) will have
telephone and fax numbers for the hotel where I will be staying.  I will be
at Disneyworld with my family and 90 members of my daughter's high
school drill team, so it is not likely that I will be available during the
daytime.  However, I can be contacted at the hotel in the evening, if
needed.

While I am out, please contact the following for any operational needs:

 Brent Price   Business Controller for Natural Gas  x37647

 Kristin Albrecht *   Business Controller for Power   x34763

*  Kristin will be in the office in the morning only on March 6: she will be
in route to Portland in the afternoon.

I will be back in the office on Tuesday, March 7.


This is the redline version.  Veronica please review the change to days and language in section 11 (b).  They are ready to sign, please get back to me asap.

DP

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


Dear Advisory Board member,

Thank you for your continued support of the CECs initiative: Environmental
Challenges and Opportunities of the Evolving Continental Electricity Market.
Please find attached the following documents for your review:

1) The proceedings of the last conference call
2) Key issues of the initiative
3) A preliminary draft agenda of the upcoming CEC sponsored Symposium

We welcome your comments and suggestions on the above documents. In
particular additions or edits to the key issues document as well as possible
speakers and/or participants for the upcoming Symposium, would be
appreciated. Please direct any comments to yolanda@ccemtl.org (514-350-4368).

On behalf of my colleagues at the CEC,
Sincerely,

Yolanda Clegg

 - Synopsis and Outcomes of call.doc
 - key issues.doc
 - draft agenda1.doc


Midland Team, the Martin Co. No. 1 facility is potentially in non compliance
because there is new emissions data from the EPA which shows the units at
this facility  emit emissions which would trigger a Title V air permit.
Steve San Miguel and Stoney tried to conduct an emissions test  with a
portable analyzer but were unable to collect representative emissions data
due to the fact that the unit was in very poor mechanical shape and showed
very high emissions.  We have a couple of options.  Spend the $$$$ necessary
to bring the unit up to standards that allow a representative emissions test
to be conducted and determine whether the emissions from the units trigger
permit action or use the new EPA data and submit an air permit application.
The choice is yours.  Understand, this permit if issued, places some
recordkeeping and mechanical responsibilities on the Midland team.  Let me
know what you would like to do.
---------------------- Forwarded by Larry Campbell/ET&S/Enron on 11/27/2001
08:49 AM ---------------------------
From: Gary Maestas/Enron@EnronXgate on 11/26/2001 08:33 PM CST
To: Stoney Buchanan/ET&S/Enron@ENRON, Larry Campbell/ET&S/Enron@ENRON
cc:

Subject: RE: Status of Martin co. NO. 1

Stoney,
Let me know what I can do to help.  Call me on the cell   713-408-9579
Gary

 -----Original Message-----
From:  Buchanan, Stoney
Sent: Monday, November 26, 2001 7:36 PM
To: Campbell, Larry
Cc: Maestas, Gary
Subject: Re: Status of Martin co. NO. 1

Larry, you need to direct this to them also, they dont seem to be to worried.
I have asked them several times of the status of the work that needed to be
performed but have not gotten to far. I think it would benifit us both if you
would tag the Director and advisor for them to help me with this.

Thanks, Stoney

Larry Campbell
11/26/2001 04:34 PM
To: Stoney Buchanan/ET&S/Enron@ENRON
cc:

Subject: Status of Martin co. NO. 1

Stoney, whats going on with Martin1?  We are gooing to be in a crack with the
state of Texas if we dont have some data which proves we are either greater
than 100 tons of emissions on less than the 100 tons.   Give me a status

Thanks  Larry


Notice No. 00-351
October 10, 2000

TO:
ALL NYMEX MEMBERS AND MEMBER FIRMS
ALL NYMEX CLEARING FIRMS
ALL NYMEX OPERATIONS MANAGERS

FROM: Neal Wolkoff, Executive Vice President

SUBJECT: MARGIN RATE CHANGE for October 2000 only

Effective Date: Wednesday, October 11, 2000 (close of business)

Futures Contract:     Platinum

Contract Months:    October 2000

Rate Change:

NYMEX Division Margins on Platinum Futures Contracts

Effective Date:  October 11, 2000

Clearing Member (Maintenance Margin)     Old:  $1,600     New:  $3,600

Member Customer (Initial Margin)              Old:  $1,760     New:  $3,960

Non-Member Customer (Initial Margin)      Old:  $2,160     New:  $4,860

Should you have any questions regarding these changes, please contact Artie
McCoy at (212) 299-2928, Bill Doherty at (212) 299-2925, or Joe Sanguedolce
at (212) 299-2855.  This notice supersedes all previous notices regarding
outright margins for the NYMEX Platinum Futures Contract.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=document reference"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


This request has been pending your approval for  2 days.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000008254&Page=
Approval to review and act upon this request.

Request ID          : 000000000008254
Request Create Date : 11/27/00 10:45:13 AM
Requested For       : avril.forster@enron.com
Resource Name       : VPN
Resource Type       : Applications


This is an FYI.

The Associate/Analyst program will be holding an information lunch next
Wednesday, June 14, from 11:30 a.m. to 1:00 p.m.  The scheduled speakers are
Jeff Shankman, Managing Director with ENA Gas Trading, and Sally Beck, VP
with Energy Operations and Globel Risk Management.

Click on attachment above for more details and where to pick up your tickets.

Please respond by 12:00 noon Monday, June 12, 2000 to Debbie Flores by e-mail
@dflore2@enron.com, or by phone at x5.7344.

Thank You.
Debbie Flores


I think that sounds  good.   I think Daniel has done a nice job for us.

Scott

 -----Original Message-----
From: 	Vickers, Frank W.
Sent:	Tuesday, October  16, 2001 9:54 AM
To:	Neal, Scott
Subject:	Assitants/receptionist

Scott, As you know, Alex and Irena will be supporting Central in the new building .  That breaks up the support/sharing that occurs now when Kim is away from her desk.  I believe that the East needs Kim and 1 other full time to support our Admin needs.  That is in line with our budget.  I think that Ina was suggesting that we share with another group, which may undermine the service that we need.  Kim has suggested Daniel as a possible 2nd to her.  I believe that we should plan to bring Daniel on as a Temp when we get into the new building and then decide after a month or 2 as to what we want to do full time moving forward.  Any thoughts ?  yes ? no?

Frank


How's your day going?  Mine's actually been extremely boring!  If only I
could have had this kind of day yesterday I could have actually done my GMAT
homework...oh well.


[IMAGE]

Thank you for using our automated self service password reset option.

The user id and password in SAP (Apollo Production and HR Production), eHRonline, iBuyit and iPayit are all synchronized.  When you reset your password in eHRonline, it automatically synchronizes the password in the other systems.

Please follow the steps to reset and synchronize your passwords.

1.        Go to http://ehronline.enron.com
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3.       Enter your User Id (SAP Personnel Number) and temporary password (located at the bottom of this email)
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 - C.DTF


The EES VaR for today is $15.6 million, up from $14.0 million yesterday, due
to the additional short positions added at NP and SP in the Power West
portfolio.  The VaR should decrease once the short positions associated with
the University of California facilities are removed.


word.


Please review this final draft at your earliest convenience and get back to
Britt or me with your comments.  Thanks.  Martha, please print it out for
me.  Thanks. DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/16/99 08:23
AM ---------------------------

"Sherry L. Graves" <Sgraves@Gibbs-Bruns.com> on 12/15/99 05:41:21 PM
To: Britt Davis/Corp/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, "'Harper
Estes (sec.) @ Lynch Chappell'" <lfrankli@lynchchappell.com>
cc:

Subject: Revised responses to Interrogs. & Req. for Production for your re
view.

 - 1rcc01!.WPD


FYI
---------------------- Forwarded by Mark Koenig/Corp/Enron on 01/12/2001
10:14 AM ---------------------------

firstcall.notes@tfn.com on 01/12/2001 01:17:14 PM
To: mark.koenig@enron.com
cc:

Subject: UPDATE OF CALIFORNIA CRISIS AND BRIEF NOTES ON DUKE ENERGY
CONFERENCE CALL

                          FIRST CALL RESEARCH NETWORK

10:41am EST 12-Jan-01 Prudential (C.COALE 713-650-4732) DUK DYN ENE REI PCG
UPDATE OF CALIFORNIA CRISIS AND BRIEF NOTES ON DUKE ENERGY CONFERENCE CALL

UPDATE OF CALIFORNIA CRISIS AND BRIEF NOTES ON DUKE ENERGY CONFERENCE CALL
PRUDENTIAL SECURITIES                                   January 12, 2001

SUBJECT: Natural Gas Distr./Pipelines

----- ANALYST(S) --------------------          -------- OPINION --------
M. Carol Coale   713.650.4732                 Current: Strong Buy
David R. Tameron   713.650.4731                  Risk: Moderate

----- HIGHLIGHTS---------------------------------------------------------
Key players in California energy crisis meeting continuing to meet in
Washington
  - nothing material has yet to be finalized.  Our expectations are detailed
within.
1)   Cautioning investors to avoid stocks with California exposure until a
more
longer term solution is decided upon.  However, the lowest risk is likely in
the
cheapest stocks, and DUK may be the best bet over the week or so.  DYN in the
mid-$30s and ENE in the mid-$60s are also attractive.
2)   Duke Energy conference call reiterated that about 90% of California
portfolio is hedged forward with non-utilities or in transactions outside of
the
Independent System Operator (ISO) or Power Exchange (PX).  We estimate Duke's
financial exposure is less than $0.04 per share annually.

-----
DISCUSSION---------------------------------------------------------Thoughts on
California and brief comments on the Duke Energy Conference Call.  Key
representatives of the California utilities, power generators, marketers have
been in meetings in Washington D.C. with the FERC Chairman, Secretary of
Energy,
U.S. Treasurer and members of the Clinton staff.  We have the following
comments on what we believe may be and should be long-term solutions to the
California energy crisis.

What we think will come out of Washington meetings:
1)   Power generators will agree to selling power under long-term (up to 10
year) contracts at the capped retail rates ($65-$75/Megawatt hour (MWh)
assuming
that they can buy gas supply forward.  However that market is very illiquid
and
can take weeks to secure a transaction.
2)   Politicians/legislators want to avoid bankruptcies, but we still think
there is a 50/50 probability.
3)   Utilities likely to be able to buy/sell electricity in forward market.
4)   California is likely to eliminate the Power Exchange (PX) and replace
with
negotiated buy/sell market.
5)   "Forbearance" brings up issues of whether the utility can defer payments
for power supply for a number of periods or whether the state will pick up the
bills.  The impact on the receivables of the power generators/marketers and
lenders is uncertain.
6)   We believe actual seizure of power plants from the unregulated suppliers
by
the state is unlikely, as is the removal of emissions credits (also, we
understand NOx emissions credits can be as high as $46/Megawatt hour in
California).
7)   Resignation of reigning FERC Commissioner Jim Hoecker on 1/18/01 allows
for
Bush-appointed commissioner to step in, most likely to be Republican Curt
Hebert.  Herbert has been vehemently opposed to price caps and supports
competitive markets.
8)   Under a "new FERC", we think there is a low risk of retroactive
repercussions on generators to "give back" past profits on electricity sold in
California last summer, and also that a windfall profits tax on
generators/marketers is unlikely.
9)   Companies such as DUK, DYN and ENE all appear to have less than $0.05 per
share of annual earnings exposure to California generation/marketing sales net
of risk mitigation.  However, recent conversations with Reliant Energy have
revealed that it has not hedged its receivables risk with the utilities in
California.  Typical monthly receivable balances range from $5-$270 million or
up to $0.60 of earnings exposure.  REI is betting on the risk of bankruptcy of
PG&E and Edison is unlikely, and therefore, the cost to set of credit reserves
at this point would more than outweigh potential earnings exposure.
10)  While these stocks, in addition to REI, appear oversold, the stock
performance is likely to be volatile until a solution to the CA energy crisis
is
introduced. In our view, the California market solutions fall short of the big
picture.  I have been cautioning investors to avoid the above-mentioned stocks
until a more longer-term solution is decided upon.  However, the lowest risk
is
likely in the cheapest stocks, and DUK may be the best bet over the week or
so.
Still, DYN in the mid-$30s and ENE in the mid-$60s are also attractive, in our
view.
11)  We expect DYN, DUK, ENE and REI to all report positive 4Q01 earnings
surprises of at least a penny or so, but to the extent that the surprise is
related to power generation, the stocks may not react favorably.

What we think will solve the California problem:
1)   Eliminate all retail rate freezes, and let the market forces balance
supply
and demand.  Higher electricity prices to the consumer will encourage less use
and the purchase of more efficient energy equipment, and will also encourage
independent generators to build new facilities.
2)   We agree with the allowance of forward sales and a free spot market for
unregulated electricity transactions.
3)   A word on the hydroelectric generators.  Most are government-owned
facilities that virtually generate electricity for "free".  It would stand to
reason that the hydroelectric generators (a.k.a. the federal government) has
been financial benefiting from selling "free" power into a market that has
been
marginally priced off of high-priced natural gas.  Shouldn't the government
also
be asked to "share the pain"?

Following highlights from DUK call:
1)   Duke controls or owns 3,300 megawatts of electric generating capacity out
of a portfolio of about 6,000 megawatts.  About 90% of its California
portfolio
is hedged forward with third parties that are not utilities or in transactions
involving the Independent System Operator or Power Exchange.
2)   Duke's receivables "at risk" are not material financially or
operationally,
according to the company.  Duke pointed out that just over 10% of EBIT is
generated from its wholesale energy business, although we estimate it is
closer
to 15%.
3)   Duke has a minimal number of contracts with PG&E and SoCal Ed (EIX
subsidiary).
4)   Nothing material has been agreed upon in the Washington meetings between
industry representatives, legislators and feds, but the likelihood of power
plant seizures and retroactive penalties appear unlikely.
5)   We estimate DUK's annual financial exposure, net of forward sales, is
less
than $0.04 per share annually.

Stocks mentioned in this note include:  Duke Energy (DUK-65 7/8; rated
Accumulate); Dynegy (DYN-39 ?; rated Accumulate); Edison International (EIX-10
r; not rated); Enron Corp. (ENE-69 7/16; rated Strong Buy); PG&E Corp. (PCG-12
5/16; rated Sell); Reliant Energy (REI-32 7/16; rated Hold).

Prudential Securities Incorporated (or one of its affiliates or subsidiaries)
or
its officers, directors, analysts, employees, agents, independent contractors,
or consultants may have positions in securities or commodities referred to
herein and may, as principal or agent, buy and sell such securities or
commodities.
First Call Corporation, a Thomson Financial company.
All rights reserved.  888.558.2500

Note ID: 402321
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---------------------- Forwarded by Ami Chokshi/Corp/Enron on 09/08/2000
09:46 AM ---------------------------

Royal_B_Edmondson@reliantenergy.com on 09/07/2000 02:50:28 PM
To: ami_Chokshi@enron.com
cc:

Subject: weekend noms

(See attached file: HPL-Sept.xls)
 - HPL-Sept.xls


Per my phone mail message.

----- Forwarded by Gerald Nemec/HOU/ECT on 09/01/2000 06:07 PM -----

	Marlene Hilliard
	09/01/2000 02:52 PM

		 To: Gerald Nemec/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT
		 cc: Linda S Bryan/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT
		 Subject: Assignment of Oasis Pipeline contracts

Gerald,

I contacted Sandra Grimes and John Lopez, Manager of Logistics, of Oasis Pipe
Line Company and informed them that the contracts should remain with Enron
North America Corp.

However, they have asked for an agreement or letter to disregard the
assignment and assumption agreement effective September 1, 2000.  They would
like to have this agreement or letter ASAP.

I will fax it to:  Atten:  Sandra Grimes
        Fax:  (713)  758-9835

I can forward the original to Oasis Pipe Line Company on Tuesday, 9/5/2000.

Let me know when the agreement or letter is ready and I will route it for
signatures, accordingly.  If it cannot be ready today, I will contact Sandra
Grimes and John Lopez and inform them that it will be ready on Tuesday,
9/5/2000.

Marlene Hilliard
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 09/01/2000
02:34 PM ---------------------------

Marlene Hilliard
08/31/2000 10:59 AM
To: Eric Gillaspie/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
cc: Linda S Bryan/HOU/ECT@ECT, Sylvia A Campos/HOU/ECT@ECT
Subject: Assignment of Oasis Pipeline contracts

The Oasis Pipeline Contracts are still being routed for signature.  However,
I received this e-mail from Stacey Neuweiler to continue business as ENA not
HPLC.

Thank You.

Marlene Hilliard
---------------------- Forwarded by Marlene Hilliard/HOU/ECT on 08/31/2000
10:52 AM ---------------------------
Stacey Neuweiler   08/31/2000 10:50 AM

To: Marlene Hilliard/HOU/ECT@ect
cc:
Subject: Assignment of Oasis Pipeline contracts

Per Tom Martin's request, please continue business as ENA, not HPLC for
September 1,2000.  Until we know the future of Houston Pipeline, we will
continue transacting as ENA.  Thank you very much for all of your help with
this.

Stacey Neuweiler
713-853-3952


The meeting with Rochester on Thursday at 9:00 am will be held in 3125a.
Thanks
Ben


I don't agree Edison's premise -- that "direct access customers contributed just as much to SCE's procurement costs undercollection as bundled service customers." We need to make clear that we don't buy in to their rhetoric.

Here's my reasoning.

DA Customers are completely different from bundled customers. SCE had to buy power to serve the bundled load.  SCE did not buy power for DA customers.  SCE's purchases of the power to serve the bundled load coupled with high wholesale prices and an inability to raise rates was the direct reason for the undercollection. I can make the argument that the undercollection is SOLELY related to BUNDLED SERVICE.

There are two big reasons that back me up: AB 1890 and Top-down rates.  I will explain.  The utilities got what they wanted out of AB 1890 -- payments of $30 plus billion in so-called stranded costs and a real delay in any competitive retail market until their costs were paid off.  One of the tradeoffs, however, was that the utilities were at risk FOR HIGH PRICES in the WHOLESALE MARKET.  Everyone understood that if there were high gas prices or bad hydro years, the utilities would be squeezed and not collect their billions by the 3/31/01 deadline. That's the risk they agreed to.  Now, they are claiming that they were ENTITLED to that money and more.  This is in direct conflict with the statute. I can make the argument that the statute requires SCE to assume this risk and therefore any undercollection is theirs alone -- now the CPUC can bail them out -- but that doesn't make ESPs subject to any presumed "undercollection."

Now to the rates.  At the beginning of DA, the utilities did not want to do a real rate case and separate the costs of the wholesale business and the retail busness from T&D. So, they did a "top-down" calculation.  This meant that there had to be a "credit" put on the bills of DA customers to account for the costs the utility avoided by having the customers switch to DA. So, the PX Credit structure was a direct result of the utilities unwillingness to unbundle specific components of the rates.  Next, although bundled customers rates were capped, the decisions from the CPUC made it clear that there was no similar cap for DA customers -- their rates and bills would be whatever was charged by their ESPs.  However, when the utilities filed their tariffs with the CPUC, they added a cap for the PX credit that was neither proposed nor authorized by the Commission.  Enron attacked it, but got nowhere, until WPTF and Enron brought it up in the 1998 RAP Proceeding. Our argument was that the bundled rates were capped but not the bills of DA customers -- and the credit was supposed to represent the full costs the utilities avoided by not serving DA customers.  We argued that anything less is fundamentally unfair and anticomeptitive.  The utilities must have thought we had a good case, because they agreed to settle. The settlement was accepted by the Commission in the proceeding. Everyone understood that eliminating the cap on the PX Credit was primarily to allow the PX Credit to FLOAT ABOVE THE CAP when wholesale prices were high. So, we have a legal right to receive the full PX Credit/Negative CTC which is separate and distinct from any undercollection associated with bundled customers. It seems as if we should be able to prosecute this legal right. (keeping in mind I am not an attorney)

In summary, we have leverage and should use it.

Sue

-----Original Message-----
From: Dasovich, Jeff
Sent: Wednesday, October 31, 2001 11:12 AM
To: Mara, Susan; Steffes, James D.; Mellencamp, Lisa; Tribolet, Michael;
Huddleson, Diann; Swain, Steve; Curry, Wanda; 'mday@gmssr.com'
Subject: Proposal Edison Is Distributing to ESPs

FYI.

-----Original Message-----
From: Matt.Pagano@sce.com [mailto:Matt.Pagano@sce.com]
Sent: Wednesday, October 31, 2001 1:05 PM
To: Dasovich, Jeff
Subject: DA Credit

Hi Jeff,

Please find below SCE's proposal to settle past Direct Access Credit issues
and determine the Direct Access Credit going forward. Please forward this
to any other Enron participants to review prior to our conference call with
John Fielder, November 1, 2001, 11:00 a.m. PST.

(See attached file: DA Proposal.doc)

Thanks.

Matt Pagano
Account Manager
ESP Services Division
tel-714-895-0222
fax-714-895-0347
Email-Paganomj@SCE.Com


Under separate cover I am having walked up to you a marked-up sample Timber
Management Agreement that the harvester we have chosen, Southern
Timbergrowers, Inc., offers as its standard document.

HPL has selected this harvester based upon their "full-service" program as
well as their reputation and their expertise.  However, we would like some
language in the Agreement concerning Agent's full disclosure to Client of the
prices in the marketplace (I believe this is probably covered by the Agent's
responsibility to submit bids to Client for approval, but we would also like
Agent's forecast of prices to come so as to make the best decision possible
for optimum harvest revenues).  We would like to limit the first term
hereunder to one year, renewable upon mutual negotiation at which time we may
incorporate some type of incentive or penalty to further control the revenues
from the harvest if we deem is necessary.  We would also contemplate the
Agent's services on counseling us and providing the seedlings we would desire
to further populate our land out there for future harvesting as well as
present amenities.  Our desire is to create an ongoing relationship with the
Agent so that we may have a fairly steady revenue stream for this property
that would at least balance out the costs of continual seedling planting and
desirably a good deal better than that.

Please let me know when you may be free to discuss this as I would like to
meet with you or your designee to discuss these provisions at length.  I have
already notified Southern Timbergrowers that they are our selected agent so
we need to move along on this as quickly as possible.

Thanks, Gerald!

Candy


---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on
12/27/2000 02:47 PM ---------------------------

KIM NOVSEK BIZIK
12/27/99 02:29 PM

To: Joann Collins/CES/ColumbiaGas@ColumbiaGas
cc: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas, Joanne
Swogger/CES/ColumbiaGas@ColumbiaGas, Noel Bartlo/CES/ColumbiaGas@ColumbiaGas,
Paul Drexelius/CES/ColumbiaGas@ColumbiaGas, Jill
Linkenauger/CES/ColumbiaGas@ColumbiaGas
Subject: FINAL - Tco Volumes for January 2000 on Mountaineer

Good Afternoon!

On TCO's K# 38992, for the month of January 2000, I need the following FINAL
volumes:

St. Albans facility is 42 dth per day
Charleston facility is 152 dth per day

Please contact me if you have any questions!


looks like outkast has been cancelled tonight


Marie - Veronica is on vacation this week, but we can still provide you with
the current list.  AC, please call her and get her our most current list.

FYI, Donna Lowry,s just recently out on maternity leave, but is still
dedicated enough to be working out a transition of the maintenance of the
authorized trader list to her group while she,s out.  It,s just tough this
week due to her unexpected early delivery and Veronica,s vacation. Please
bear with us.

Regards,
Cassandra Schultz
VP-Market Risk Management.
x30429.

 -----Original Message-----
From:  Heard, Marie
Sent: Thursday, June 07, 2001 9:10 AM
To: Valdez, Veronica
Cc: Schultz, Cassandra; Shackleton, Sara
Subject: Authorized Trader List for ENA

Veronica:

Have you had a chance to update the authorized trader list for ENA?  It is
getting critical that we update it as we are getting requests from some of
the brokerage firms for an updated list.

Please either send me the changes to the list I sent you last week or just
let me know the status.

Thanks!

Marie

Marie Heard
Senior Legal Specialist
Enron North America Corp.
Phone:  (713) 853-3907
Fax:  (713) 646-3490
Marie.Heard@Enron.com


Carey,
 Please review and notify Richard Sanders and me of any necessary changes.
Should the letter be from EnronOnline or Enron North America Corp.?  I will
let Richard put his legalese to the letter before he sends it to Mieco.
Also, let him know if it should be addressed to someone other than
T.J.Sattler.


Ron,
 Here is the last document.
Thanks
Gary
 <<FERC_Table_Def.csv>>

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recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
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 - FERC_Table_Def.csv


Jeff,

Sorry for the delay in responding.

As for initiatives.  I have a VERY tentative product roadmap that plots the
Perfect course for the next 12-18 months.  Here's what I've come up with so
far.

Keep in mind that anything past V2.0 is a pure WAG.  Also, if you have any
questions about any of the specific features, just let me know and I'll try
to explain.

Also keep in mind that the name so companies mentioned for the integration
pieces is only tentative.  These are companies we are working with but have
NOT finalized any formal agreements as yet.

Regards,

Mike D.

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Friday, May 05, 2000 3:49 PM
To: mike@perfect.com
Cc: kazi@haas.berkeley.edu; davis@haas.berkeley.edu; Anil Sama
Subject: Info Reqest

Hi Mike:

Hope all is well.  The PDR you sent us several weeks ago is very
informative, but a tad unwieldy.  Do you have anything that focuses in on

1) what the 3-5 major products/initiatives are that you're currently
working on (e.g., "develop capability to integrate ERP and supply chain
management software")
2) what the 3-5 major products/initiatvies are that you'd like to make
happen a little further down the road (e.g., 6-12 months from now)?
3) a description of those products/initiatives
4) the plan to execute on those products/initiatives?

Thanks alot.  And have a great weekend.

Best,
Jeff

 - ProdRoadmap.doc


Dear PIRA Client:

Attached please find a PIRA Special Report entitled U.S. Government Revises
2000 Oil Demand Up By 1.1% Or 220 MB/D.

If you have any questions regarding this special report please contact Dr.
Gary N. Ross at 212-686-6808.

Regards,

PIRA Energy Group

 - 042701.pdf


Re: Navajo Tribal Utility Authority:  Per Leslie, not a FERC approved
counterparty.  This cpy can have read-only access for US power products.
Leslie spoke to Dinanna Dechilly at the authority and they are not interested
in trading power at this time, but will let her know when they are.  She will
have to follow up with them re: their FERC approved status at that time.


It works...that's pretty neat by the way!  See ya Friday (It'll be your turn
to vent).
Robin


You asked for it, and we delivered!  ClickAtHome announces the addition of 4 new Internet Service Providers!

Introducing:  Sprint Broadband Direct, a new high-speed Internet solution based on an innovative technology called "fixed wireless", is now available for eligible Enron employees in 13 cities nationwide!
	Houston employees:  Sprint Broadband Direct will be in the Enron Building Lobby on Tuesday, July 31 and Wednesday, August 1 from 10am-2pm.  Get your questions answered regarding special ClickAtHome pricing, service, availability, or anything else!  ClickAtHome Reps will also be there to answer any program questions you may have.

For the North Houston area, Cox Cable and Charter Cable have been added.

And in Orlando, Florida, Time Warner's Roadrunner is now available through ClickAtHome!

Ready to place your order, or have questions regarding availability and pricing?
Visit http://clickathome.enron.com !

Stay tuned for more Internet Service partners this fall- ClickAtHome will continue to provide eligible Enron employees with high-speed Internet Service!

ClickAtHome helps you Get Innovative at Home!

If you are currently using another ClickAtHome Internet Service Provider and would like to switch, you may do so at any time.  You are responsible for any termination fees associated with cancellation.  ClickAtHome will subsidize only one provider per eligible employee.

For further information regarding switching providers:
-- visit clickathome.enron.com
-- click on the "SIGN ME UP" button
-- click on "Internet Options."


Howdy all!

Just a reminder that you are invited to the Associate/Analyst Happy Hour we will be hosting at the Heathman Hotel on Friday, November 9th (4:30pm-6:30pm). Please let me know whether or not you are planning to attend.

I look forward to hearing from you (and seeing you on Friday)! :o)

Enjoy the rest of your week!

-Grace
x8321

 -----Original Message-----
From: 	Kearney, Julie
Sent:	Friday, October 26, 2001 2:52 PM
To:	Mallory, Chris; Driscoll, Michael M.; Salisbury, Holden; Williams III, Bill; Oh, Jeffrey; Eriksson, Fredrik; Chen, Andy; Solberg, Geir; Cavanaugh, Darren; Oh, Jeffrey; Oh, John; Bishop, Serena; Rance, Susan; Coffing, Timothy; Warner, Nicholas; Elafandi, Mo; Mumm, Chris; Bruce, James; Calvert, Gray; Guillaume, David; Slinger, Ryan; Stokley, Chris; Frost, David; Nelson, Kourtney
Cc:	Rodriguez, Grace; Jarnagin, Josie
Subject:	Happy Hour!

The Fall Associate and Analyst Recruiting Super Saturdays are scheduled for Saturday, Nov 10 and Saturday, Nov 17.  The candidates arrive on Friday, are given a tour of the Floor and then presentations will be held thereafter.   The November 10 Event will be Analyst-level candidates.  The November 17 Event will be Associate-level candidates.

Now, here's the real info!    :  )

On both Fridays (Nov 9 & Nov 16) we will be sponsoring a get together (Happy Hour) at the Heathman for all the Associates & Analysts .  This means FREE drinks and food from 4:30 PM ---> 6:30 PM.  This will give you an opportunity to meet the candidates, check them out and if necessary "sell" them on Enron.

We will be sending out more reminders and confirmations, but block out your calendars for these two Fridays.  Let me know if you have any questions!

Julie K


DONE.  Thanks for the timely response!

Jesus

From:	Geoff Storey/ENRON@enronXgate on 05/31/2001 07:33 AM
To:	Jesus Guerra/HOU/EES@EES
cc:
Subject:	RE: NGI-Chicago Paper Offer Request

	NX1 +.14

 -----Original Message-----
From: 	Guerra, Jesus
Sent:	Thursday, May 31, 2001 7:25 AM
To:	Storey, Geoff
Subject:	NGI-Chicago Paper Offer Request

Geoff, Please provide your offer for the attached NGI-Chicago paper volumes.

 << File: NGI-CHI basis position 053101.xls >>

Thanks,
Jesus


Gus:
We answered this question before, but wanted to run it by you to make sure we
were right.  Thanks
Ben


Roman Kosecki

Phone: (973) 733 2771
 (562) 951 1790 (CA)
 (201) 222 0435 (h)

rkosecki@mieco.com


State has only signed up 500 MW according to this article

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/14/2001 09:57 AM -----

	"Ronald Carroll" <rcarroll@bracepatt.com>
	02/14/2001 08:11 AM

		 To: <rreilley@coral-energy.com>, <acomnes@enron.com>, <jsteffe@enron.com>,
<mary.hain@enron.com>, <smara@enron.com>
		 cc:
		 Subject: Fwd: California Governor Requests Additional $500 Million to Buy
Energy

----- Message from "Tracey Bradley" <tbradley@bracepatt.com> on Wed, 14 Feb
2001 08:00:19 -0600 -----
To:	"Paul Fox" <pfox@bracepatt.com>
cc:	"Andrea Settanni" <asettanni@bracepatt.com>, "Ronald Carroll"
<rcarroll@bracepatt.com>
Subject:	California Governor Requests Additional $500 Million to Buy Energy
California Governor Requests Additional $500 Million to Buy Energy
Dion Nissenbaum , San Jose Mercury News, Calif.

( February 14, 2001 )

Feb. 14--SACRAMENTO, Calif.--As Gov. Gray Davis works to craft a bailout plan
for California's two largest electric utilities, California's fledgling foray
into the power business is coming at an ever more expensive price that is
nearing $2 billion.

For the second time in about a week, the Davis administration alerted
lawmakers Tuesday that it needs another $500 million to buy energy on the
costly short-term market while negotiators try to work out long-term
contracts with power suppliers.

That brings the two-month state price tag to about $2 billion, far exceeding
early estimates that California would have to spend about $1 billion to
launch its energy buying program. The news has left some lawmakers worried
that the state is burning through money without making enough progress in
resolving the underlying problems.

With the bills piling up, Davis is looking to present Southern California
Edison and Pacific Gas and Electric with a plan by week's end to rescue the
two companies edging ever closer to bankruptcy. The state was forced to start
buying power because the two utilities have exhausted their credit.

For now, the governor's advisers appear to have decided on state ownership of
the utility transmission lines as the foundation of any deal, according to
sources involved in the negotiations.

In a Tuesday press conference, Davis said he has not settled on transmission
lines, but wants to make sure that the state gets something in return for
rescuing the companies.

"What I will propose, hopefully this Friday, will not be a bailout, it will
be a buyout," Davis said.

Buying the transmission lines has become the most-favored option in the
Capitol in recent days as what one consumer activist called the "crown jewel"
of any solution. A state Senate committee formally embraced the idea Tuesday
by approving a bare-bones bill that encourages Davis to buy the transmission
lines as part of any utility deal.

Several issues must be settled before a transmission line deal is final. It
still isn't clear what the lines are worth, or whether the utilities will
have to pay capital gains taxes on the lines if they sell them to the state.
And under the law, the federal government may have veto power over any
transmission line deal. But negotiators expressed confidence they can resolve
those issues.

However, the state is still struggling to put together low-cost, long-term
contracts with power companies that are essential to keeping electric bills
close to current levels.

When legislators gave Davis the power last month to sign the energy deals,
they set aside $500 million to tide the state over until it could get the
contracts in place. That came on top of another $1 billion from other funds
that have been used to buy energy that now costs about $45 million a day.

California won't be able to stop spending so much until it signs enough
long-term contracts. But negotiations have been plodding along and so far the
state has managed to come up with only about 500 megawatts -- enough to power
a half million homes.

"I am starting to get concerned about the pace at which they appear to be
entering into contracts," said Assemblyman Fred Keeley, D-Santa Cruz. "It is
slow and there don't appear to be many of them."

Davis has released few details about the contracts, but has expressed
optimism that his negotiators will be able to put together enough deals to
solve the problems.

"No one ever expected this to be a slam dunk because it's a tough
negotiation," said Davis spokesman Steve Maviglio. "But we're making
progress."

Ultimately, the state is supposed to be reimbursed for its mounting
expenditures in the spot market, under terms of a $10 billion power-buying
bond bill approved by the legislature two weeks ago. The treasurer's office
intends to sell the first of those bonds in May, and their proceeds will be
transferred to the state general fund.

Later bond issues will generate money to be used for the long-term contracts.

Bond investors will be repaid by utility ratepayers, but it is not yet clear
whether that will involve a rate increase.

Staff writers Cheryl Devall, Mark Gladstone, Chris O'Brien and Hallye Jordan
contributed to this report.

-----

To see more of the San Jose Mercury News, or to subscribe to the newspaper,
go to http://www.sjmercury.com

(c) 2001, San Jose Mercury News, Calif. Distributed by Knight Ridder/Tribune
Business News.


One.

"Neil Mann" <nmann@erac.com> on 01/10/2001 04:20:25 PM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE:

Have you received any e-mail from me?  NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, January 10, 2001 3:45 PM
To: nmann@erac.com
Subject:

The closing dinner for the big financing will be on Feb. 8.

Just thought I'd keep you current!

Love,

Kay


fyi
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 03:38
PM ---------------------------

lee.johnson@ss.ps.ge.com on 12/11/2000 03:15:31 PM
To: lee.johnson@ss.ps.ge.com, peterthompson@akllp.com, kay.mann@enron.com,
john.r.ayres@enron.com
cc: kent.shoemaker@ae.ge.com, Cheryl.Lipshutz@enron.com,
roseann.engeldorf@enron.com, Brett.R.Wiggs@enron.com, Ben.Jacoby@enron.com,
paulpipitone@akllp.com, robtaylor@akllp.com, chriscobb@akllp.com,
michael.storm@ss.ps.ge.com

Subject: RE: Exhibits to Enron South America Gas Turbine Purchase Agreemen t

Folks,

John Ayres and I went through the Facility Agreement and Exhibits for the
ESA Turbine Purchase Agreement.  There were a few edits needed on Guarantee
Basis (F-1) and Scope of Supply Exhibits (B and N-2).  Also, one change to
the Emissions Test Exhibit.

John and I believe other than adding in the other Exhibits B-1 and H-2, this
is ready for execution copy.  Kay, please add these in for the final
circulation.

Also, on the contract, a number of redlines were required to reflect scope
of supply (addition of interconnect piping to cooling tower, unit liability
amount, payment schedule adjustment and retention amount, guaranteed
performance levels net of all GE supplied equipment aux. loads, guaranteed
delivery schedule for purchased options.

This should be ready to go, subject to a final review of the entire contract
document.

Regards,

Lee

-----Original Message-----
From: Johnson, Lee L (PS, SSEP)
Sent: Saturday, December 09, 2000 11:15 AM
To: 'Thompson, Peter J.'; Kay Mann (E-mail); 'john.r.ayres@enron.com'
Cc: Johnson, Lee L (PS, SSEP); Shoemaker, Kent (GEAE); Cheryl. Lipshutz
(E-mail); Roseann Engeldorf (E-mail); Brett. R. Wiggs (E-mail); Ben.
Jacoby (E-mail); Pipitone, Paul; Taylor, Rob; Cobb, Chris
Subject: RE: Exhibits to Enron South America Gas Turbine Purchase
Agreement

Kay,

I edited the Termination Schedule replacing the term Purchase Amount per
unit to Unit Liability Amount for consistency with the new structure.

Lee

-----Original Message-----
From: Thompson, Peter J. [mailto:peterthompson@akllp.com]
Sent: Friday, December 08, 2000 10:30 AM
To: Kay Mann (E-mail)
Cc: Lee. Johnson (E-mail); Kent. Shoemaker (E-mail); Cheryl. Lipshutz
(E-mail); Roseann Engeldorf (E-mail); Brett. R. Wiggs (E-mail); Ben.
Jacoby (E-mail); Pipitone, Paul; Taylor, Rob; Cobb, Chris
Subject: Exhibits to Enron South America Gas Turbine Purchase Agreement

 <<Exhibits to Gas Turbine Purchase Agreement - without notations.DOC>>

This is the most recent draft of the exhibits.

The following items need to be added to complete the exhibits:

1. Exhibits B-1 and H-2 need to be added.

2. If one is warranted, a Seller Parent Guarantee should be
included as Exhibit C-1.

3. Does Exhibit F need to be updated and revised before signing?

4. In Section 3.1 of Exhibit K, the terms "Specific Date" and
"Recovery Schedule" are not defined.

5. For Exhibit T, please confirm that Enron has received all
documents that it should have received by now.

 - Enron South America Turbine Agreement (version 4 to 5)_GEredline121100.DOC
 - Exhibits to Gas Turbine Purchase Agreement - without
notations_GEredline121100.DOC