I think the press report below highlights one of several areas that should
be addressed by a proper compliance program.

Spokane, Wash.-Based Utility's Legal Woes Mount

The Spokesman-Review, Spokane, Wash. -- Nov. 12
A federal agency is investigating possible violations of energy futures
trading rules at an Avista Corp. subsidiary in Houston in 1998.

Commodity Futures Trading Commission investigators want to know whether
Avista Energy intentionally manipulated the futures market to drive up the
price of a large electricity futures contract in the summer of 1998.
Avista Corp. is also dealing with other legal problems that occurred during
the tenure of Avista Chief Executive Officer Tom Matthews, who was replaced
last month as CEO and resigned as chairman of the board Friday.
Matthews has said he became a lightning rod for criticism that deflected
attention from the company's successes.
The problems include lawsuits from four former Avista Energy electricity
traders, who say their managers reneged on bonuses for racking up big
profits for the subsidiary in 1998 and 1999.
Three of the traders' lawsuits have been settled for undisclosed amounts,
the latest one last week.
In addition, Avista is preparing to defend four shareholder lawsuits over
the financial hits investors took this year from the company's $123 million
in energy trading losses at its regulated utility.
The most hush-hush of these legal wrangles involves the CFTC, an agency
created by Congress in 1974 to monitor the sale of commodity futures and
options markets nationwide.
The agency has issued a formal "order of investigation" to look into the
alleged violations at Avista Energy, said New York attorney Michael Koblenz,
a former CFTC assistant director and Eastern regional counsel.
The agency works like the Securities and Exchange Commission, which
regulates and monitors stock trading.
In May, the CFTC's Division of Enforcement issued subpoenas to several
current and former Avista Energy employees.
The agency wants information on "certain trading in the August 1998 Palo
Verde and California-Oregon border electricity futures contracts on the New
York Mercantile Exchange (NYMEX)," according to one of the subpoenas.
Avista spokesman Steve Becker declined repeated requests for comment last
week on the CFTC probe and the lawsuits against Avista.
"It's our policy not to comment on any threatened or pending litigation,"
Becker said.
Koblenz is representing Luis Pando, a former Avista Energy senior analyst
and trader, in the CFTC investigation.
Pando worked at Avista from August 1997 through March 1999 and now works for
Southern California Gas Co. in Los Angeles.
Pando is also one of the four Avista Energy traders who sued over their
bonuses. Pando says Avista owes him at least $300,000; his case is pending.
Futures contracts have been traded for more than a century for agricultural
products. In the last 20 years, the trades have expanded into many new
markets, including energy.
The contracts are used by power traders to hedge against future price
fluctuations of the energy market.
Although money changes hands on paper between marketers dealing with the
NYMEX contracts, rarely do actual kilowatts get delivered.
The CFTC has authority to bring civil charges in administrative or federal
court and can also refer alleged trading violations to the Justice
Department for possible criminal charges, Koblenz said.
"Individuals could lose their licenses and be fined, or be asked to disgorge
some of their profits. The same penalty applies to the corporate structure,"
Koblenz said.
CFTC spokesman Dennis Holden declined comment on the Avista investigation
last week. "The CFTC does not confirm or deny the existence of any
investigation," Holden said.
In a recent interview, Pando said he was questioned for two days in
September by commission investigators in New York.
"They are looking at violations of the Commodities Exchange Act. It was
intimidating," Pando said.
The investigation's focus is on an option for 800 megawatts of power that
was expiring in August 1998. A megawatt is enough to provide electricity to
600 homes.
Avista made a $4 million to $5 million profit on the deal, but a trader
outside the company complained to the New York Mercantile Exchange that
Avista traders were trying to manipulate the price, said another former
Avista Energy trader.
"The rumor is that someone leaked this trade in advance," cutting into the
potential profits of other traders, said the ex-trader, who asked not be
named in this story.
Pando says he doesn't know how he ended up on the CFTC subpoena list.
He never worked in Houston, where the trade was made, and has never traded
futures contracts. He said he sold over-the-counter physical power into the
California market from Spokane after he became an energy trader in July
1998.
"I was very surprised I was brought into this. This is a very serious
charge, but I wasn't involved," Pando said.
Meanwhile, Avista has settled three of the four energy traders' lawsuits
over their bonuses, said Robert Dunn, their Spokane attorney.
"A couple of these guys were like the Ken Griffey and Alex Rodriguez of the
power industry. They made so much money for the company it kicked them into
an unheard-of bonus category," Dunn said.
In an interview last Monday, former Avista Energy trader Michael Griswold
said he made $25 million in profits for Avista Energy in 1998 before he left
the company in the dispute over the bonuses.
His lawsuit was settled Wednesday and Griswold can no longer discuss the
case, Dunn said.
Meanwhile, a high-profile Seattle firm with expertise in securities
litigation has been named lead counsel for the Avista shareholder suits
filed last summer.
Hagens and Berman represented Washington, Idaho and 11 other states as
special attorneys general in the recent litigation against the tobacco
industry spearheaded by Washington Attorney General Christine Gregoire.
The Seattle firm was also recently hired by Microsoft to help defend the
computer company in the government's antitrust case.
It also won a settlement from junk bond financier Michael Milken on behalf
of several Washington state public employee pension funds. Milken pleaded
guilty in 1990 to six felony counts in the unrelated Drexel, Burnham Lambert
securities fraud litigation and was jailed for 22 months.
The Seattle firm's lawyers "have played lead and/or major roles in cases
that have resulted in cumulative recoveries in excess of $260billion,"
according to the firm's backgrounder filed for the Avista case in U.S.
District Court in Spokane.
The Avista shareholders sued shortly after Avista CEO Matthews announced in
June that the company would lose $90 million from bad electricity trades at
its regulated utility in this year's turbulent energy market. The losses
have since grown to $123 million.
They allege Avista exposed shareholders to unacceptable risks by "covertly"
entering into massive electricity forward contracts "in an undisclosed
gamble that electricity prices would decrease in the future."
Instead, the price skyrocketed, "causing Avista's share price to drop
sharply," the complaint says.
The lawsuits seek to represent all shareholders who bought Avista stock
between April 7 and June 21 this year.
Avista's Becker declined comment on the shareholder lawsuits, again citing
company policy not to discuss pending litigation.

NGI's Daily Gas Price Index
published : November 16, 2000
Investigators Probing Avista's Trading Practices
Legal troubles for the once high-flying Avista Corp. continue to add
up, as federal investigators have begun looking into possible energy futures
trading rule violations that may have occurred two years ago at a Houston
subsidiary.
Investigators from the Commodity Futures Trading Commission (CFTC)
are checking into whether subsidiary Avista Energy illegally manipulated
futures markets that in turn drove up the price of an electricity futures
contract in 1998.
The CFTC, created in 1974 by the U.S. Congress, monitors the sale of
commodity futures and options markets across the country, and is similar to
the Securities and Exchange Commission. It has the authority to bring civil
charges into administrative or federal court, and also may refer alleged
violations to the U.S. Department of Justice for criminal charges, according
to attorney Michael Koblenz.
Koblenz, a former CFTC assistant director and regional counsel, is
representing Luis Pando, a former Avista Energy senior analyst and trader,
one of the four Avista Energy traders who sued the corporation for bonuses,
and whose case is still pending. Pando claims he is owed at least $300,000.
The CFTC is looking into trading in an August 1998 Palo Verde and
California-Oregon border electricity futures contract on the New York
Mercantile Exchange, according to one of the subpoenas. Pando said he had
been questioned for two days in September by CFTC investigators in New York.

The CFTC investigation, however, is just a small part of the legal
difficulties that have descended upon Avista Corp. Four former Avista Energy
electricity traders sued the corporation, alleging that their managers
reneged on profit bonuses in 1998 and 1999. Three of those lawsuits have
been settled out of court for undisclosed sums.
Avista also is preparing its defense against four shareholder
lawsuits filed after the company lost $123 million in energy trading losses
from its regulated utility (see Daily GPI,).
And then, not nearly as surprising as it would have been less than a
year ago, Tom Matthews resigned as chairman of the board last week, after
being replaced in October as CEO. He said in recent months that he
considered himself to be the "lightning rod" for problems within the
company, and that the focus had diverted attention from Avista's numerous
successes.
Matthews' departure was not the only management change announced
last week by the Avista board of directors. Erik J. Anderson was appointed
to the board of directors, filling a board vacancy created by Matthews.
Anderson is CEO of Seattle-based Matthew G. Norton Co., responsible for
strategic planning and direction, asset allocation and principal investments
within the company.
Larry A. Stanley was elected non-executive chairman of the board of
directors, replacing Matthews, and he will serve out Matthews' unexpired
term as chairman until May 2001. Also, as expected, Gary G. Ely was
officially appointed Avista president and CEO. In October, when Matthews
resigned, the Avista board had named Ely acting president and CEO. Ely, who
has been with Avista for 33 years, had previously held the position of
executive vice president of Avista Corp. He has overseen the refocus and
strong financial turnaround of the company's unregulated Avista Energy unit
this past year and has led the initial development of Avista's growth
businesses.
Scott L. Morris and Kelly O. Norwood were named corporate vice
presidents of Avista Corp. Morris also serves as president of Avista
Utilities, the company's regulated electric and gas operating division, and
Norwood also serves as vice president and general manager of Avista
Utilities' energy resources department.
"The board has affirmed its commitment to and remains fully
supportive of the company's strategic direction. We will continue our goal
of value creation and emphasize this as our number one objective. We also
remain diligent in our work to strengthen our utility business," said
Stanley.

David Yeres
Clifford Chance Rogers & Wells
200 Park Avenue
New York, NY 10166
Tel: (212) 878-8075
Fax: (212) 878-8027
Email: david.yeres@cliffordchance.com

******************************************************************************
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otherwise protected from disclosure.  If you are not the intended recipient,
please telephone or email the sender and delete this message and any
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For further information about Clifford Chance please see our website at
http://www.cliffordchance.com or refer to any Clifford Chance office.


Can they meet me and Colin (my IT manager) at the office?  It is hard to go
to lunch.


There has been some confusion as to the NYMEX schedule for this Thanksgiving
week, so here is the official schedule.

The NYMEX will be closed Thursday the 22nd and Friday the 23rd.  Wednesday the
21st will be a FULL day (10:00 a.m. to 2:30 p.m. EST).  ACCESS will be closed
the
evening of the 21st and reopen Sunday evening at 7:00 p.m.

Happy Thanksgiving!

BNP PARIBAS Commodity Futures

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L'internet ne permettant pas d'assurer l'integrite de ce message, BNP PARIBAS (et ses filiales) decline(nt) toute responsabilite au titre de ce message, dans l'hypothese ou il aurait ete modifie.
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Joanna Carina
3027 Garfield St NE
Minneapolis, MN 55418
joanna@groupdesigninc.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Joanna Carina


Dear Mark Taylor,

Thank you for submitting your payment for your Reliant Energy bill through
our eBill service.  Your payment should be credited to your account in
three business days unless you scheduled payment for a later date.  You
can track the status of your payment on the eBill site.

Should you need to modify your account information, go to
https://ebill.reliantenergy.com/logon/ log into eBill and select User
Information.  There you can update your information such as your email
address, change your password and add accounts.

As you use our eBill service, please do not hesitate to provide comments
through the Contact Us section of the site.  Note too, our Frequently
Asked Questions section.

Thank you again for choosing Reliant Energy,s eBill service.  We look
forward to serving you each month.

Reliant Energy eBill Customer Care
http://www.reliantenergy.com/


you're a regulatory laugh riot.  see you then.

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	06/01/2001 12:57 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE:

we are going to a concert and will be home about 10:30 - the dog is very
friendly and won't bite

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Friday, June 01, 2001 10:54 AM
To: Nancy.Sellers@RobertMondavi.com
Subject:

Talked to Prentice.  She's up for golf, so expect us Saturday night.

Best,
Jeff

P.S. Don't forget to water!


The west desk would like 2 analysts.


for someone who isn't into their birthday you sure are stretching out this
celebration.  it is about as long as mardi gras.  830 isn't too late for me.
i will be there with bells on.  when you become an adult, as i am, sometimes
you get a little more tired.  and if you have to be at work at 7 am rather
than 9 you get a little more tired.  where did your brother take you?


Lorraine, I've been studying the El Paso/Dynegy reservation reduction
mechanism (RRM).  Basically the deal was that Dynegy's minimum-pay obligation
would be reduced by the amount of the fixed cost component of IT revenues
generated by El Paso's transportation of IT volumes above a historical
threshold.  (The parties based the threshold on El Paso's monthly IT volumes
for the 12 months ended 9/30/97.)  The volumes in excess of the threshold
were calculated and a ratio of the volumes in excess of the threshold to the
total volumes was determined; the ratio would then be applied to the fixed
cost component of all IT revenues and the resulting dollar value applied to
Dynegy's monthly reservation charge, to the extent Dynegy had not met its
minimum pay obligation for a particular month.

This provision of course met with heavy opposition; however, FERC allowed
it.  FERC stated that while the RRM had anticompetitive effects because it
created a disincentive for El Paso to discount IT, it was not unduly
discriminatory.  The "unduly discriminatory" conclusion was based on an
analysis on the potential effect on the Cal. gas transportation market -- the
Commission found that due to relatively weak market demand, neither Dynegy
nor El Paso appeared to have been able to influence prices because so much
firm capacity was available.

I assume Russ may be after something similar to the RRM.  We would have to
file it as a negotiated rate but I feel fairly confident that we could get
FERC to accept it.

That's my 2 cents worth on this particular issue...I'll come down around 3:30
to chat with you more about the Duke (I have a conference call with MKM from
1:30 to 3:30, which is why I'm camped out on 47).


Suzanne:
Please send it to the house.  Thanks.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Suzanne Adams
	08/21/00 09:50 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Moving

I don't know what's going on!  I keep hearing different days.  I've got a
voice mail into Mark Taylor now.  I wish they would hurry up and get their
act straightened out.

You've got an Ansel Adams photograph up here with a card.  Must be a gift.
Do you want it up here or at home.  It's wonderful.  Are you familiar with
Ansel Adams?  He took black and white photographs of Yosemite in California.
This probably cost a pretty penny.  I'll take if if you don't want it.  haha

	Carol St Clair
	08/18/2000 10:04 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc: Susan Bailey/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: Moving

Suzanne:
Thanks.

Sara and Susan:
If any of my "window" files need to be put other than in boxes, please advise
Suzanne.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Suzanne Adams
	08/17/00 10:24 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Moving

I understand there is an email out, which I haven't received, telling us that
the people will be moving back into their offices tomorrow.  The next phase
will start next week.  People have to be out of their offices by August
23rd.  That'll work out perfectly!  I'll have you packed up and hopefully
somewhere to put everything.  I've ordered boxes and packing bubbles for your
photographs.  Anyway, I'm sure you'll get a memo.  He must have put it on the
slowest possible method of getting to us.

Jim Grace came in yesterday, but I didn't say anything to him.  Dan, of
course, had to say "how's it going" or something like that.

Everything is fine here I guess.  I can't think of anything to report.  How
are you doing?


REMINDER:

Your weekly update for Philippe and Greg is due to me by noon today.  I will be on vacation next week, so the report will be prepared by Lisa Costello.  She will send your reminder next Wednesday.

Tina Spiller
Assistant to Greg Piper
Chief Operating Officer
Enron Net Works LLC
Office 713.853.5746
tina.spiller@enron.com


As you may already know, the CPUC filed a motion at FERC asking for a
protective order and to compel production of the information they subpoened
from us in the CPUC's OII case.  Given the timing, we should discuss this on
our conference call scheduled for tomorrow.

They request that we be required:
to answer their motion on Thursday,
to provide the information within 5 working days of a FERC ordering
production, and
to provide of P&L information and spread sheets detailing our deals,
specifically delivery point, delivery date, counterparty, volume and price.

We may not have a problem providing this information for use by FERC in its
proceeding subject to a confidentiality agreement but I think we would oppose
their requests for:
the information to be provided for "government eyes only" -  this would
prohibit EPMI from defending itself vis-a-vis other market participants.
a FERC confidentiality order that would could allow FERC to "share" this
information with the CPUC (for purposes of the PUC's OII proceeding) pursuant
to 16 U.S.C. 824h(c).  16 USC 824g(c) requires the Commission to make
information available to state commissions as may be of assistance in state
regulation of public utilities.  We should argue that 16 USC 824h(c) does not
apply here given that we are not a public utility nor does the PUC regulate
how much market power wholesale marketers exercise or the level of market
power mitigation (these are the bases the PUC provides for explaining why it
should have this information.)
the above contractual information to allow them to analyze the
competitiveness of the forward market to evaluate the wisdom of the
Commission's  decision to allow the UDC's "unfettered access" to the forwards
market.  This argument is unpersuasive given that the CPUC can get
information about the competitiveness of the forward markets from the Wall
Street Journal's listing of NYMEX prices.


Tired of the 40 x 40 x 40 Plan? You know:

Work 40 hours per week for someone else for 40 years, and then receive a 40% reduction in pay?

Is working for the "boss" to demeaning and unrewarding?

Are you sick of depending on a job with too little pay and too many hours with no personal reward and even less future?

If you are determined to retire in the next 2 - 5 years with enough income to have REAL Financial Independence and Freedom, and are not afraid to work for it, I can help you.

I am looking for people with a Good Work Ethic and extraordinary Desire to Earn at Least $10,000 per Month Working From Home!

This LEGTITMATE HOME-BASED INCOME OPPORTUNITY can put you back in Control of your Time, Your Finances, and your life!

If you have tried other opportunities in the past that have failed to live up to their promises, THIS IS DIFFERENT THAN ANYTHING ELSE YOU'VE SEEN!

THIS IS NOT A GET-RICH-QUICK SCHEME!

YOUR FINANCIAL PAST DOES NOT HAVE TO BE YOUR FINANCIAL FUTURE!

CALL ONLY IF YOU ARE SERIOUS!

1-800-966-3547 ext. 8790 (Free, 24 hours, 2 minute recorded message)

DON'T GO TO SLEEP WITHOUT LISTENING TO THIS!

"All our dreams can come true - if we have the courage to pursue them" - Walt Disney

To be taken out of our database click "reply" and click "send".


---------------------- Forwarded by David W Delainey/HOU/ECT on 11/21/2000
08:48 AM ---------------------------

wduran@enron.com on 11/21/2000 08:43:04 AM
To: ddelain2@enron.com
cc:
Subject: Approval for reviewer

DURAN,WILLIAM D  has suggested reviewers and submitted them for your
approval.  You may review/modify this list of reviewers by logging on to PEP
at http://pep.corp.enron.com  and going to Supervisor Services.  Please
remember, no feedback can be completed on DURAN,WILLIAM D  until you have
approved the list.


713 503 3466 is the correct number.  Have a great day.

"James R. McCord" <jrmccord@insync.net> on 12/07/2000 12:58:15 PM
To: "Scott Neal" <sneal@ect.enron.com>
cc:
Subject: Cell numbers

Scott:

I just got a new cell phone, and I'm entering everyone's numbers.  I realize
that I have two cell numbers for you:  713-503-3466 and 713-203-4029.  Is
one of these Carol's, or is it an old number?

James McCord
MC5 Operating Group
10655 Richmond Ave., Suite 180
Houston, TX 77042
Tel: 713-785-4141
Fax: 713-361-0470

"Until you know that life is interesting
--and find it so--
you haven't found your soul."

Geoffrey Fisher, Archbishop of Canterbury


Hi Evening MBA students:We'd like to confirm your Fall 2000 schedule with
you.  This is what we currently have on record at the Evening MBA office and
we will match this up with the campus system next week.

Please reply with any corrections or simply state that all is fine.  It
would be great to hear from you right away on this by e-mail.  Please
respond by Monday, November 13.

Thanks and see you,

T.J.

 - FinalSchedule.html


I looked at the EFR-ENA Schedule in connection with Gordon Boozer's
comments.  I see no problems except:

1.  The document is expressed to be governed by the law of the"United
Kingdom."   I have never seen this formulation and think it should say
"England," as I believe there are in fact multiple legal systems (e.g.,
Scottish) within the U.K.

2.  I am not sure why all collateral except LCs was deleted.  Was this
agreed by EFR?  If so, OK.  If not, could the CSA provide for other
collateral as Gordon requested.  It is unusual for SR entities to use LCs
in non-reinsurance situations and would probably cost them less to post
Treasuries.  Here it is of course unlikely that EFR will have to post
anything, since EFR will always be in the money to some extent.

3. Did you switch to the English law form of CSA?

Regards


tana, mark

voila!

j
---------------------- Forwarded by Justin Boyd/LON/ECT on 28/02/2001 18:05
---------------------------

Tracy Foy
01/02/2001 17:22
To: ECT Europe Legal
cc:

Subject: Updated Enron Europe Dept Structure Chart

Please find attached updated structure chart reflecting recent promotions and
new starters.

Many thanks

Tracy


J -

This is some more info from willis - Thanks for looking into this.  By the way - we lost the Calpeak deal.

K.
---------------------- Forwarded by Kim Ward/HOU/ECT on 04/10/2001 06:34 PM ---------------------------

"Willis C. Bennett" <willwestern@email.msn.com> on 04/10/2001 02:12:23 PM
To:	<Kim.Ward@enron.com>
cc:
Subject:	Re: Customer info

All the granite Constructions are under the Corporate publicly traded GVA
ITWCIP is a division of the company ITW
Golden State Vineyards - is traded under VINT
Canadaigua facilities are under the symbol STZ at www.cwine.com
Lindberg Cal doran is at www.lindberght.com
Mitsubishi is owned be three different Mitsubishi divisions

Please forward on to the credit person
----- Original Message -----
From: <Kim.Ward@enron.com>
To: <willwestern@email.msn.com>
Sent: Monday, April 09, 2001 8:45 AM
Subject: Re: Customer info

>
> Willis,
>
> I just got off of the phone with my credit guy - He says that most of the
> people on this list are not public companies.  It would be very helpful
and
> will expedite the process if you could get the latest audited financial
> statements, with notes, from each of these companies.  With the PG&E
thing,
> credit is swamped, but, if I had the info in hand, I could push our cause.
>
> Thanks,
>
> Kim
>
>
>
>
> "Willis C. Bennett" <willwestern@email.msn.com> on 04/06/2001 02:05:05 PM
>
> To:   <kim.ward@enron.com>
> cc:
> Subject:  Customer info
>
>
> Hope this helps
>
>
> (See attached file: enron1.xls)
>
>
>


Work for me.


A reminder to please send me the guaranty or a draft of same in order that I
may send it along with the draft of the Master to Wicor.   In addition,
please review the MAC clause in the agreement and advise if you have any
changes.

Thanks!

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


New Xcel Energy Combination Completed

Just 17 months after announcement of merger plans, Minneapolis-based Northern
States Power
and Denver-based New Century Energies have cleared the last hurdle to combine
under the new
name Xcel Energy Inc. The merger creates one of the 10 largest electricity
and natural gas
companies in the United States.

The Securities and Exchange Commission issued its approval of the merger,
wrapping up approvals
from several federal agencies and states where the companies operate. Xcel
Energy will serve more
than 3 million electricity and 1.5 million natural gas customers in 12
states, and 2 million electricity
customers internationally. Company headquarters will be in Minneapolis.
Gradually, the NSP and NCE
names will be phased out as Xcel Energy provides enhanced products and
services in 12 states,
including parts of Minnesota, Colorado, Wisconsin, Texas, Michigan, Kansas,
Oklahoma, Arizona, New
Mexico, North Dakota, South Dakota, and Wyoming.

Stock will begin trading on the New York Stock Exchange on Aug. 21, under the
symbol XEL. Current
New Century Energies shareholders will receive 1.55 shares of Xcel Energy
stock for each share of
NCE they hold. NSP shareholders will get one for one and will not be required
to exchange their existing
NSP stock.

The merger proposal was announced March 25, 1999, and completed in less than
a year and a half.
"This has been an incredibly successful merger process," said Jim Howard,
Xcel chairman. "It demonstrates
what can be accomplished when regulators, environmentalists, community
leaders and the merger partners
all work in a common direction --- to create a better utility company for the
future."

"Our strength will come from a base of millions of customers spread over a
large area, combined with our
rapidly growing non-regulated businesses like NRG Energy, now the seventh
largest independent power
producer in the world, " said Wayne Brunetti, Xcel president.

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


fyi

-----Original Message-----
From: Gagliardi, Larry
Sent: Thursday, October 25, 2001 2:27 PM
To: Shankman, Jeffrey A.
Cc: Nowlan Jr., John L.
Subject: FW: ICE Counterparty Filter Change Notice [J. Aron & Company]

-----Original Message-----
From: Moran, Tom
Sent: Thursday, October 25, 2001 1:56 PM
To: Gagliardi, Larry
Subject: FW: ICE Counterparty Filter Change Notice [J. Aron & Company]

-----Original Message-----
From: 	icehelpdesk@intcx.com [mailto:icehelpdesk@intcx.com]
Sent:	Thursday, October 25, 2001 9:19 AM
To:	Moran, Tom
Subject:	ICE Counterparty Filter Change Notice [J. Aron & Company]

Your Firm: Enron North America Corp.
Counterparty: J. Aron & Company
Credit Manager: Li-Wan Chia
Date/Time: October 25, 2001 18:18:35.573 GMT
Phone: 212-357-2508
E-Mail: li-wan.chia@gs.com

The counterparty changed the following credit filter data affecting your firm for Physical Gas.
Credit Filter Attribute       	Previously     	Now
Open or closed                	Open           	Closed


[IMAGE]
 	 	    Dear Andrew,  International Correspondent Wolfgang Vale is on his way to the 115th OPEC Conference Tuesday and Wednesday, and is scheduled to speak with OPEC Secretary General Ali Rodriguez.  We'll bring you Wolfgang's exclusive interview with Rodriguez later next week.  Wolfgang also tells us he may have an interview with Senior Energy Analyst at the Center for Global Energy Studies Julian Lee.  Log on all next week for updates from Wolfgang's trip.   The House and Senate are back in session next week, and Washington Bureau Chief Jay Cranford expects a chaotic week of reorganization ahead.  The power shift in the Senate is the big news on Capitol Hill, and Jay anticipates official movement to begin by Tuesday.  The Washington bureau will follow the changes taking place in leadership and the key energy chairmanships.     Jay also says Interior Secretary Gale Norton is scheduled to testify before the House Resources Committee.  She's expected to defend the administration's national energy policy.  Additionally next week, the House Energy and Air Quality Subcommittee will conduct a hearing on conservation and energy efficiency.  We'll follow these stories and more from the Washington bureau next week.     Houston Correspondent Kim Benestante reports the current boom in the energy industry is creating a need for qualified employees.  Next week Kim is scheduled to take a look at companies implementing training programs for high school and college students that groom them for positions within the industry.     Also from Houston, ENL's Gale Smith brings us a report on minority-owned energy-related businesses.  Gale is scheduled to speak with a Houston businessman who turned his company into a multi-million dollar operation that employs mostly minorities.  The Houston bureau will bring us details next week.   We're also scheduled to talk with Vice President of Omega Oil Company Andy Ashby from Houston next week.  Ashby knows the ins and outs of production methods, and will discuss below the reservoir production, coal bed methane production and domestic oil and gas production.  We're scheduled to speak with Ashby on Tuesday.    I'm leaving for vacation on Friday, and ENL's Stephanie Stanton and Washington Correspondent Peter Cook are sharing anchoring duties next week.  I'm also passing the pen to Peter.  He'll bring you the nightly e-mail wrap while I'm away.      Keep in mind things are subject to change at a moment's notice.  Occasionally guests cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.      Keep it on energynewslive.com  for all your energy news.
 			[IMAGE]
	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap  video: (Windows Media Player required) Broadband  (100k)   |  Dial-up  (56k)  Get  Windows Media Player   Experience all that Williams Energy  News Live has to offer!   If you are receiving this letter for the first time and wish to continue,  subscribe now    To stop receiving this letter,   unsubscribe now     If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


marketrelations@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

To Market Participants

The official change from the 'Old' website to the 'New'
website will occur at 10:00 AM May 8.  We expect the
change to take about 10 minutes to complete.  The change
will only affect the public portion of the website and should
be transparent to most users.

If you are on the public website at the time of the switch, you
may need to reload/refresh the page you are viewing.  Also,
if you are downloading public data directly or through a script file,
errors may occur.  Simply reinitialize the download to correct
any errors that may have occurred.

If after about 10:10, 10:15 AM you are still experiencing difficulties,
please contact your Customer Relations Representative
or call 1-518-356-6060.

Thank You
The Website Refresh Team


could you please print this out for me.  greatly indebted.
----- Forwarded by Jeff Dasovich/NA/Enron on 11/30/2000 01:25 PM -----

	Alan Comnes@ECT
	11/29/2000 04:47 PM

		 To: Jeff Dasovich/NA/Enron@Enron, theizenrader@enron.com, Stephen
Swain/PDX/ECT@ECT
		 cc:
		 Subject: Chandley Harvey Hogan

Jeff,

THIS is the new Harvey Hogan paper (now a Chandley Harvey Hogan paper).  It
was attached to SDG&E's comments.

Tim H., Steve:

This is another view of the market from another set of heavy hitters.

All:

 "Launch" it rather than "view" it.

Alan
---------------------- Forwarded by Alan Comnes/PDX/ECT on 11/29/2000 04:37
PM ---------------------------

FaxWave Service <faxwave_service@callwave.com> on 11/29/2000 02:28:57 PM
Please respond to "This is a send-only email. Do not reply"
<service-replies@faxwave.com>
To: AComnes@enron.com
cc:

Subject: You've got a Fax!

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at 2:28 PM Pacific Standard Time.

To view your fax, please click on or download the attached file.

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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
08:36 AM ---------------------------

Michael DeMott <michael.demott@NY.FRB.ORG>@PEACH.EASE.LSOFT.COM> on
04/12/2001 02:23:22 PM
Please respond to michael.demott@NY.FRB.ORG
Sent by: Federal Reserve Bank of NY Research Publications
<FRBNYRMAG1@PEACH.EASE.LSOFT.COM>
To: FRBNYRMAG1@PEACH.EASE.LSOFT.COM
cc:
Subject: New FRBNY Research: 4/13

Dear FRBNY Research Reader:

Now available at the Federal Reserve Bank of New York Research and Market
Analysis Group's web site:

"FINANCIAL INNOVATION AND MONETARY TRANSMISSION" PAPERS
On April 5 and 6, the Federal Reserve Bank of New York organized the
conference "Financial Innovation and Monetary Transmission." The twelve
papers presented at the conference can now be obtained.
http://www.newyorkfed.org/pihome/news/speeches/finmon/finmon.html

RESEARCH UPDATE
A quarterly newsletter offering summaries of selected studies and listings of
recent articles and papers in our research series, as well as other news and
information. The April issue covers first-quarter 2001.
http://www.newyorkfed.org/rmaghome/update/2001.html

STAFF REPORTS
Technical papers presenting research findings.
"Gender Differences in the Labor Market Effects of the Dollar," by Linda
Goldberg and Joseph Tracy (no. 121)
http://www.newyorkfed.org/rmaghome/staff_rp/2001/sr121.html

"Productivity: What Is It, and Why Do We Care about It?" by Charles Steindel
and Kevin Stiroh (no. 122)
http://www.newyorkfed.org/rmaghome/staff_rp/2001/sr122.html

U.S. AND GLOBAL ECONOMIES CHARTS
Access a series of charts outlining the financial conditions of the U.S. and
global economies; these charts are updated every Wednesday.
http://www.newyorkfed.org/rmaghome/dirchrts/

For more information on the New York Fed's research and research staff:
http://www.newyorkfed.org/rmaghome

Feel free to forward this message to anyone who might also be interested in
our publications and papers.

If you no longer wish to receive these electronic messages, simply send an
e-mail to listserv@peach.ease.lsoft.com. In the e-mail, type the following:
signoff FRBNYRMAG1. For more details, please go to
http://www.newyorkfed.org/rmaghome/subscribe/subscribe.html.
?

This notification service is provided to you free of charge. By subscribing
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resultant harm to you and/or your computer from receipt of such messages.?
The Federal Reserve Bank of New York assumes no responsibility for any
inaccuracies in any messages you may receive as a result of your subscription
to this service.


Since your Catholic, I thought you might find this funny. Who knows this
might have even happened to you! Just kididng--Emmye

-----Original Message-----
From: bmills@concentric.net [mailto:bmills@concentric.net]
Sent: Tuesday, September 19, 2000 7:21 PM
To: Emmye Partin
Subject: Fw: FW: Don't fall asleep in church

-----------------------------------------------------
Click here for Free Video!!
http://www.gohip.com/freevideo/

-----Original Message-----
From: bmills@concentric.net <bmills@concentric.net>
To: mills@hardinlaw.com <mills@hardinlaw.com>
Date: Tuesday, April 25, 2000 9:46 AM
Subject: Fw: FW: Don't fall asleep in church

>I may have already sent this to you.
>-----------------------------------------------------
>Click here for Free Video!!
>http://www.gohip.com/freevideo/
>
>-----Original Message-----
>From: scott dannelley <scottdannelley@hotmail.com>
>To: keithw@labs.wyeth.com <keithw@labs.wyeth.com>
>Date: Wednesday, January 12, 2000 9:23 AM
>Subject: Fwd: FW: Don't fall asleep in church
>
>
>
>
>
>
>>
>>
>> > Subject: Fw: Don't fall asleep in church
>> >
>> > >
>> >
>> >
>> >
>> >  <<DONTFA~1.MPE>>
>
>______________________________________________________
>Get Your Private, Free Email at http://www.hotmail.com
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 - DONTFA~1.MPE


Jim and Rex:

The Lehman Bros. form of "put" works fine from a legal perspective.
Yesterday, I faxed to you one of the "puts" with underlined language
reflecting differences in securities language from our prior swap/forward
deals with Lehman.  The differences may be alright for purposes of the "puts".

Please let Jeff know if the "puts" are acceptable for execution (from the
securities perspective).  I have already initialed the documents from the
swap perspective.  Let me know if you have any questions.

As usual, thanks for your help.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com


Greg,
You're absolutely correct (obviously), and I actually noted that when I first
started sending that chart out. I did that so that they would be more in
scale and fit on the same chart. The chart is provided only to identify the
trend of our performance relative to the NYMEX. Perhaps I should note each
day that these volumes have been adjusted so as not to be misleading. Or, if
you wish, I could stop adjusting the numbers and just chart the absolute
values.
Please let me know which you would prefer.

Thank you,
Jennifer McQuade

 -----Original Message-----
From:  Whalley, Greg
Sent: Saturday, June 02, 2001 10:08 AM
To: Mcquade, Jennifer
Subject: Re: FW: Crude 24X7 WTI Marketing Effort

your volume comparison chart is off by a factor of 10.  each contract is 1000
bbls.


We do not really have anything that specific, but I could at least point out
that the San Juan lateral is fully subscribed.

	From:  Glen Hass                           05/02/2000 09:59 AM

To: Susan Scott/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Mary Darveaux/ET&S/Enron@ENRON,
sstojic@gbmdc.com, Lorraine Lindberg/ET&S/Enron@ENRON

Subject: Re: PNM answer

Susan, would it be beneficial to add more about the need for the service.  Do
we have customers who have made verbal requests for the service that could be
used, or other types of market demand to further illustrate the need?

Glen

	From:  Drew Fossum                           05/02/2000 09:21 AM

To: Susan Scott/ET&S/Enron@ENRON
cc: Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, sstojic@gbmdc.com, Lorraine
Lindberg/ET&S/Enron@ENRON

Subject: Re: PNM answer

Looks good to me.  Thanks. DF

	From:  Susan Scott                           05/01/2000 06:21 PM

To: Mary Kay Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary
Darveaux/ET&S/Enron@ENRON, Drew Fossum@ENRON, sstojic@gbmdc.com, Lorraine
Lindberg/ET&S/Enron@ENRON
cc:

Subject: PNM answer

Please see the attached and let me know your comments by Wednesday a.m. if
possible.


I spoke with the scheduler at PRM this morning.  He knows the schedule was
called in incorrectly and assures me it has been fixed.  Please make sure
anyway (call BPA transmission business line).

Thanks.

Donald

Lisa Gang
02/05/2001 04:23 PM
To: BILL.WILLIAMS.III@ENRON.COM, Stanley Cocke/PDX/ECT@ECT, Jeremy
Morris/PDX/ECT@ECT, Brian Robinhold/PDX/ECT@ECT, Geir Solberg/PDX/ECT@ECT,
Holden Salisbury/PDX/ECT@ECT, Jesse Bryson/HOU/ECT@ECT, Michael M
Driscoll/PDX/ECT@ECT, Lester Rawson/PDX/ECT@ECT
cc: Cara Semperger/PDX/ECT@ECT, Donald Robinson/PDX/ECT@ECT
Subject: BPA AND PGE SCHEDULE REINSTATEMENT

Please reinstate the following schedule on Real Time for 1mw for HE 18-20.
PRM forgot to call it into BPA.  Please remind PRM to call it into BPA.

Empower #486140 - purchase BPA

Empower #513682 - sale to PGE

Path:  BPA@sys#23928-NAC-BPA(t)sys/sys#96111NF-NAC-BPA-EPMI-PGE@SYS

Thank You

Lisa


In regard to the special delivery point language for April-02 and beyond:
Please use me as a liasion between the Portland traders and yourselves to
ensure these deals get entered correctly. The traders are aware that they
need to specify whether or not they'd like the counterparty to see this
special language; however, if deals get through to the Confirms department
without specification in the comments section, I'd like to be notified. In
this way, we can resolve the matter quickly and efficiently and hopefully
avoid a larger problem down the road.

Thanks for your help on this.

Kate


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

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

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

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

Charla Reese
Manager, Community Relations
x35202


Kim - in the past year, Ranelle & I found 4 Negotiated Rate deals involving index differentials in the past year.
All were approved.  I cut & pasted relevant sections for NNG tariff sheets (the complete sheets are in the Current & Superseded sections under NNG's Informational Postings-Tariff on the EBB)

I don't have the docket number for the first one with Midamerican Energy, 1/2000.
The others are:
RP96-272-016 8/1/2001 Dynegy marketing
RP96-272-024 1/1/2001 Oneok & Aquila
  (Tariff sheet dated 1/16/2001 - there was apparently some other change after the initial filing)
RP96-272-029 4/1/2001 MIdAmerican Energy


Enron to Scale Back European Operations, But Says It Won't Cut U.S. Payrolls
Dow Jones Business News, 10/04/01
Enron Seeks To Cut Staff In Europe By 5%-10%
Dow Jones Energy Service, 10/04/01
Acquisition Speeds Select Energy's Northeast Growth-Exec
Dow Jones Energy Service, 10/04/01
Pacific NW Lawmakers Gear Up To Oppose FERC RTO Mandate
Dow Jones Energy Service, 10/04/01
USA: NewPower signs up 50,000 new electric users in Texas.
Reuters English News Service, 10/04/01
States protest federal involvement in electricity competition, deregulation
Associated Press Newswires, 10/04/01

Enron to Scale Back European Operations, But Says It Won't Cut U.S. Payrolls

10/04/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Christina Cheddar
Dow Jones Newswires
NEW YORK -- Although Enron Corp. plans to scale back its European operations, the Houston energy-trading company isn't looking to pare U.S. payrolls.
"There's nothing out of (the) ordinary planned for the rest of the business," said company spokeswoman Karen Denne. "We are continuing to hire in the businesses most rapidly growing."
Those growing businesses include Enron Wholesale Services, she said.
Earlier Thursday, Dow Jones Newswires reported the company would cut between 5% to 10% of its European staff, or as many as 500 workers.
This past summer, the energy company announced staff reductions at its Enron Broadband Services division. The number of employees affected by this decision wasn't immediately available, Ms. Denne said.
Before Thursday's announcement, the company's shares were trading lower on the New York Stock Exchange. But in afternoon trading today, shares of Enron (ENE) were up $1.11, or 3.3% to $34.60. With these latest gains, the stock is now up about 40% from the three-year low of $24.46 set a week ago.
For several months, Enron shares have been under pressure as investors struggled to assess the impact of a number of negative developments, including declining energy prices, the recent and sudden departure of its chief executive, disappointing performance of its broadband unit and difficulties at its Indian power plant project.
The stock has made steady progress this week as investors shopped for bargains or were encouraged by progress Enron made in its plan to divest itself of some overseas assets.
On Wednesday, Enron announced the sale of some Indian oil and gas assets to BG Group PLC (BRG), a United Kingdom oil and gas company.
J.P. Morgan analyst Anatol Feygin said the stock also received further support by the reaffirmation of earnings forecasts at rivals Dynegy Inc. (DYN) and Aquila Inc. (ILA) in recent days.
- Write to Christina Cheddar at christina.cheddar@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Seeks To Cut Staff In Europe By 5%-10%

10/04/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- Enron Corp. (ENE) is looking to cut its workforce in Europe by up to 10%, or around 500 jobs, Enron Europe Chief Executive John Sherriff said Thursday.
"We have around 5,000 employees in Europe and we are seeking to cut our headcount here by between 5% and 10%, but we will aim as far as possible to achieve this through a program of voluntary severance," Sherriff replied in a written response to questions by Dow Jones Newswires.
The cuts are the first significant retrenchment by Enron since it arrived in Europe in 1989. Enron has been the most aggressive U.S. energy company to expand into Europe's deregulating markets, but its core energy trading businesses have been held back by the slow and piecemeal progress toward market liberalization in the E.U.
The company declined to be more specific about how far it will scale back individual product lines or coverage of certain geographical businesses.

Enron's product range in Europe has mushroomed over the past year, continually giving rise to market talk, notably among its competitors, of overstretching itself prematurely in underdeveloped markets.
"Enron's business continues to grow in Europe in terms of traded volumes and numbers of transactions, but like any company we are constantly seeking ways to do more with less in order to maintain earnings growth," Sherriff said.
"It is prudent for us to keep both a close eye on our costs and to continually review the skills and resources that are available to use, to ensure that they are deployed in a way to maximize earnings," he added.
While trading volumes have exploded in core markets such as U.K. power trading since wholesale market reforms were introduced in March, liquidity in other products such as bandwidth, monomers and credit risk, is understood to have developed more slowly and restricted the volume growth needed to justify Enron's pure trading strategy.
Enron has been among the most prominent exponents of a new philosophy in energy markets that places far more emphasis on risk management skills than the physical ownership of assets, a radical change from the asset-heavy approach to energy that prevailed in Europe before the E.U.'s deregulation directive came into effect in 1999.
As such, it has in the last 18 months disposed of assets such as its stake in Sutton Bridge power station in England and has conspicuously refrained from buying 'brownfield' physical assets in markets such as Italy and Germany.
However, it has pursued various greenfield independent power projects and the acquisition of gas trading licenses in markets such as Spain and Italy.
-By Geoffrey T. Smith, Dow Jones Newswires; (+44 20) 7842 9260; geoffrey.smith@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Acquisition Speeds Select Energy's Northeast Growth-Exec
By Kristen McNamara
Of DOW JONES NEWSWIRES

10/04/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Select Energy Inc.'s planned purchase of Niagara Mohawk Energy Marketing Inc. will speed up by a year or two the company's plans to expand its business beyond New England to the entire Northeast, Select's president said.
The acquisition stengthens Select Energy's position in New York and the Mid-Atlantic, boosting its efforts to become a regional leader in the business of managing energy supply for industrial and commercial customers and trading electricity in the region.
"We want to be the dominant player here," President William Schivley said in an interview with Dow Jones Newswires. "By being the dominant player in the Northeast, we'll be considered a national player."
Select, a unit of Berlin, Connecticut-based Northeast Utilities (NU), faces competition from national heavyweights like Enron Corp. (ENE), Duke Energy (DUK), AES Corp. (AES) and Exelon Corp. (EXC).
Select Energy announced an agreement Tuesday to purchase the wholesale and retail energy sales unit of Syracuse, New York-based Niagara Mohawk Holdings Inc. (NMK), which is active in the Mid-Atlantic and New York power markets.
Integration plans aren't firm, but Select Energy will work with Niagara Mohawk executives to identify best practices from both companies, Schivley said.
The companies aim to have a transition plan ready by the time federal energy regulators rule on the combination. Select Energy has said it plans to keep Niagara Mohawk's Syracuse office open.
The company won't release the terms of the deal until it closes, which is expected in late November.
Select has annual revenues of about $2.5 billion. Niagara Mohawk Energy Marketing had revenues of $635 million in 2000.
Select Energy is still looking at further acquisitions of trading operation and generating assets in New York and the Mid-Atlantic, Schivley said.
"This is more than just window shopping," Schivley said. "We are actively seeking out hard assets."
The company isn't interested, however, in the two other unregulated units Niagara Mohawk is looking to sell in advance of its acquisition by National Grid Group PLC (NGG), he added.
Within the next three to five years, more and more large companies are likely to start outsourcing management of their energy needs, especially as those needs become more complicated, Schivley said. Energy, along with labor and raw materials, are companies' three biggest expenses, he said.
"We're trying to grow this business by leaps and bounds," Schivley said. "We've taken a giant step in New York. All the products we offer will be expanded dramatically and increased to a number that, without the acquisition, would have taken us a year or two to get to."
-By Kristen McNamara, Dow Jones Newswires; 201-938-2061; kristen.mcnamara@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Pacific NW Lawmakers Gear Up To Oppose FERC RTO Mandate
By Bryan Lee

10/04/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Members of the Pacific Northwest congressional delegation are gearing up in opposition to the U.S. Federal Energy Regulatory Commission's mandate for consolidation of power-grid assets in the region.
The House Northwest Energy Caucus held an informal hearing late Wednesday to air concerns of utilities and industrial consumers in the region about FERC's effort to establish a regional transmission organization, or RTO.
The lawmakers plan to follow up the hearing with a letter to FERC voicing the concerns, which largely revolve around skepticism that the RTO will result in cost savings for the region's consumers.
FERC shouldn't force an RTO on the region without first conducting a cost-benefit analysis, said Rep. Peter DeFazio, D-Ore., who is spearheading the effort.
Speaking with reporters prior to Wednesday's hearing, DeFazio complained that "a bunch of bureaucrats" at FERC are embracing the national power-grid agenda of Enron Corp. (ENE) without assessing the costs and regardless of "what it does for local reliability."
DeFazio's complaints were echoed in the testimony presented at Wednesday's hearing.
The region already enjoys an open and competitive transmission network, thanks to the federally owned Bonneville Power Administration, according to hearing testimony expressing concern that RTO West, as the RTO proposed for the region is called, will cost more to implement than it will provide in benefits.
"We are troubled that RTO West will not achieve any net benefit for end-use consumers in the Northwest," the Public Power Council testified. "Although work is beginning on a cost-benefit study, we are troubled that a transmission system that has served us all well for so long will be disassembled because FERC has announced that RTOs, by definition, are good."
"Regional transmission organizations may be necessary to remedy the transmission ills in other regions of the country, but not in the Northwest," declared a group of transmission-dependent utilities.
"The 'balkanization' and isolation of transmission systems that characterize most other regions is simply not present in the Northwest. For this reason, the economic power-side benefits of an RTO will be relatively small," said a group of aluminum producers.
Similar cost-benefit concerns have been voiced by state utility regulators in the Eastern U.S. who oppose FERC's effort to consolidate grid assets under large RTOs in the Southeast and Northeast.
'RTO Week'

FERC Chairman Pat Wood III acknowledged the complaints Thursday, adding that he expected to address the concerns of regulators and industry during "RTO Week" Oct. 15, when the commission will hold five days of hearings on the commission's RTO mandate.
"I think I need the decisionmakers at the table. We've had the lawyers in the suits arguing about it for eight years now," Wood said at an "energy community" forum sponsored by Enron in Arlington, Va.
Wood told Dow Jones Newswires following his remarks at the Enron forum that FERC answered the complaints about the lack of a cost-benefit analysis at its Sept. 26 meeting.
The commission agreed to undertake a comprehensive analysis in support of its claim that RTOs will bring about operational efficiencies that will translate into consumer savings.
Wood also noted a study by Mirant Corp. (MIR), which concluded that combining the three independent system operators in the Northeast into a single RTO would produce $440 million in annual consumer benefits.
During the Enron forum, Edward Meyers, a regulator with the District of Columbia Public Service Commission, urged Wood to seek out the input of affected state regulators.
Meyers noted that he is in the minority among regulators in the region in supporting the Northeast RTO grid-consolidation, while most others oppose the effort as "economically dangerous."
Arnetta McRae, chairman of the Delaware Public Service Commission, told Wood that her fellow state regulators aren't so much opposed to grid regionalization but the lack of consultation by FERC.
The state regulators want "an opportunity to be at the table," McRae said. If such a process were offered, there would be a lot less opposition, she predicted.
FERC is reaching out to address the concerns of state regulators, Wood said, adding that he was "blindsided" by the opposition among state regulators to FERC's grid-consolidation mandate.
Later in the day, Wood told reporters that "RTO Week" will feature an entire hearing devoted to the concerns of state regulators.
At the Enron forum, Wood defended the commission's RTO policy, which calls for carving up the nation's interconnected electricity system under the control of four or five large RTOs, as necessary to jump-start the overly long transition from regulation to competition.
"This process needs to be goosed," said Wood, calling FERC's RTO orders "an external catalyst" to get the process moving.
"If I'm wrong, I'd love to find a better way around that," he said.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; Bryan.Lee@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: NewPower signs up 50,000 new electric users in Texas.

10/04/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 4 (Reuters) - The New Power Co. said Thursday the electricity grid operator in Texas is processing requests from over 50,000 residential customers who have chosen New Power as their new electricity provider.
The Electric Reliability Council of Texas (ERCOT) is responsible for processing the requests to switch customers for all utilities and competitive retail electric service providers during the state's deregulation pilot program, NewPower said in a statement.
The switching process could take anywhere from two weeks to two months before consumers will actually begin to receive power from a competitive retail electricity provider.
New Power said it has captured more than half of the customers who decided to switch to new providers from the Reliant Energy HL&P and TXU Corp. markets.
The New Power Co., a subsidiary of NewPower Holdings, Inc. , is the first national provider of electricity and natural gas to residential and small commercial customers in deregulated power markets in the United States.
The Texas pilot power deregulation program began on July 31 after it was delayed two months due to computer problems.
The entire state is slated to begin full retail competition on Jan. 1, 2002.
A spokesman for the Public Utility Commission of Texas told Reuters previously that about 120,000 residential customers had signed up for the pilot program.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

States protest federal involvement in electricity competition, deregulation
By H. JOSEF HEBERT
Associated Press Writer

10/04/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - North Carolina and several other states told the Supreme Court the government went too far when it ordered electric utilities to open their power lines to competitors and spurred a movement toward deregulation.
But one of the country's largest power marketers, Enron, argued before the court Wednesday that the Federal Energy Regulatory Commission should have gone even further to help companies like Enron get equal access to power grids.
During the hourlong hearing, the justices gave little indication of how they will decide on a case that could dramatically affect management of the nation's power grids and the future of electricity competition.
At one point, Justice Stephen Breyer said FERC, which regulates wholesale power markets and interstate transmission of power, was being "whipsawed" from both directions.
The commission's 1996 decision, which for the first time required traditional utilities to open their transmission lines to competing power merchants, triggered a movement toward wholesale electricity competition and led numerous states to end monopolies in retail power markets.
But utility regulators in nine states, led by New York, filed suit arguing that the FERC order amounts to a federal agency attempting to regulate retail sales, usurping a traditional state function.
At the same time, Enron's lawsuit charged that FERC violated federal law because it did not require access to transmission lines when utilities continued to keep transmission and retail sales as one operation - as remains the case in many states that have yet to allow competition.
In June 2000, an appellate court essentially upheld FERC's regulation, prompting appeals from both Enron and the state regulators.
"It's an example of where an agency has overstepped its bounds," Lawrence Malone, general counsel for the New York State Public Service Commission, told the justices at Wednesday's hearing. The other states party to the lawsuit are Florida, Idaho, New Jersey, North Carolina, Virginia, Washington, Vermont and Wyoming.
Malone, appearing on behalf of all nine states, argued that FERC's order pre-empts state authority to regulate retail sales and set rates.
"This case isn't about rates," countered Louis Cohen, representing Enron Power Marketing Inc. before the court. "What we're concerned about is getting onto the (grid) system."
Cohen said that under the current access rules a dominant utility in a state that has not moved to competition may still "hog" the lines and keep Enron and similar marketers from moving power across a region.
The Justice Department, representing FERC before the court, argued that the commission only sought to strike a balance between the need to give competitors equal access to power lines and leaving retail market issues to the states.
Edwin Kneedler, deputy solicitor general, told the court that FERC, in his view, could have gone further, as Enron has argued. But, he said, to do so it would first have had to order all utilities to separate retail sales and transmission, something it chose to leave to the states.
The case, which is not expected to be decided until sometime next year, comes at a time of growing concern about electricity competition and power grid reliability in light of recent power problems in California.
About half of the states have taken some steps toward retail electricity competition.
Many power industry experts as well as the FERC commissioners have emphasized that a truly competitive electricity market will be difficult to achieve without smooth and efficient flow of electricity across large regions, if not nationally. And that, argue companies like Enron who want to compete with traditional utilities, will require more open access to transmission.
In an attempt to smooth the flow of power, FERC has embarked on a campaign to establish four large, regional transmission organizations to manage the national power grid. A court decision rolling back some of FERC's authority over open access to transmission lines could affect that effort.
Uncertainty over how far the federal government will be allowed to go in requiring transmission access also could affect state decisions on whether to embrace electricity competition, according to some industry experts.
---
On the Net:
Federal Energy Regulatory Commission: http://www.ferc.fed.us/
Enron: http://www.enron.com/corp/

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


I don't know who's working on this deal, so I'm forwarding docs to you all.
Tax reps look ok to me.  [see Total Return Swap Confirmation - Sec. 3.2;
Schedule - Part 5(l) and requirement that swap counterparty which is Enron
Corp. deliver IRS 'Forms 1001 or 4224].  Please leave me voice mail or
email.  Thanks.  Sara

ps.  this closes Friday morning
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 12/15/99 04:56
PM ---------------------------

"DALLAS GUEST ACCOUNT #2" <DGUEST2@andrews-kurth.com> on 12/15/99 11:43:51 AM
To: Catherine Clark/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Donald W
Herrick/HOU/ECT@ECT, Gareth Bahlmann/HOU/ECT@ECT, Alicia
Goodrow/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT,
Vbuckley@lockeliddell.com, mniebruegge@mayerbrown.com, pbrito@mayerbrown.com,
eawilburn@prickett.com, Tamullen@prickett.com, Facciolo@rlf.com,
Kenton@rlf.com, clint.carlin@us.arthurandersen.com, schottla@us.cibc.com,
wolfmark@us.cibc.com, Jlawler@wilmingtontrust.com
cc: "DAVID BARBOUR" <BARBD@andrews-kurth.com>, "DALLAS GUEST ACCOUNT #2"
<DGUEST2@andrews-kurth.com>, "DAVID GROVE" <GROVD@andrews-kurth.com>,
"DEBORAH LOWE" <LOWED@andrews-kurth.com>, "SCOTT OLSON"
<OLSOS@andrews-kurth.com>, "TOM POPPLEWELL" <POPPT@andrews-kurth.com>,
"MARTHA WELMAKER" <WELMM@andrews-kurth.com>
Subject: Project Ghost

Attached in Word are blacklines of the following documents marked to show
changes from the previous version distributed:

1.    Facility Agreement;
2.    Trust Agreement;
3.    Swap Schedule;
4.    Swap Confirmation;
5.    G-Present LLC Agreement;
6.    G-Past LLC Agreement;
7.    G-Future LLC Agreement;
8.    Put Option Agreement;
9.    Put Option Assignment; and
10.  Notice of Assignment.

Please call me with any questions or comments.   Please note that I will be
in our Houston office on Thursday and Friday.  You may reach me in Houston at
(713) 220-4200; (713) 220-4285 (fax).

Danny Sullivan
Andrews & Kurth L.L.P.
(214) 659-4409 (Dallas Phone)
(214) 659-4401 (Dallas Fax)

 - 221589.doc
 - 221586.doc
 - 221581.doc
 - 221592.doc
 - 221606.doc
 - 221602.doc
 - 221603.doc
 - 221604.doc
 - 221605.doc
 - 221599.doc


Steve and Teb(for Steve Veach),

Please review the attached work order for the tap and side valve for the new Agave interconnect.  Please forward an email message to Robert Geheb giving him your approval on this work order so that he may begin working with the appropriate people to get the materials ordered.  We are under a very tight time frame and we don't want to loose anytime.  The "paper" will follow to you shortly for signiture, but this email approval will keep the process moving.  Also, as soon as we work out the remaining details with Agave on the remaining costs, we will revise the work order to include the items that Agave will be constructing for us as well as provide the economics for the interconnect.  This, too, will be routed to you for your approval.

Please let me know if you have any questions.

Thanks, Kim. (X33098)

 -----Original Message-----
From: 	Chanley, Earl
Sent:	Wednesday, September 26, 2001 11:22 AM
To:	Geheb, Robert
Cc:	Watson, Kimberly; Abdmoulaie, Mansoor
Subject:	P.A. Agave I/c

Robert

Attached is a marketing project for an I/C for TW. Please route for approvals. The Marketing rep is Kim Watson.

Thanks
Earl


Attached is Exhibit 1 to the Support Agreement.  This is the entire list of
Basis Trades in place with Enron.  Please let me know if you have any
questions or comments.  Subject to your sign off on this Exhibit and receipt
of your countersignatures, we are from PGET's perspective complete.
Assuming that we will not receive your countersignatures and sign off until
tomorrow, we are sending you the Support Agreement dated today but providing
that the capacity release will take place tomorrow.  Consequently, we will
need one more forebearance through tomorrow.

Peter

-----Original Message-----
From: Morris, Alex
Sent: Thursday, April 19, 2001 4:58 PM
To: Meier, Peter
Subject: Enron_Exposure.xls

 <<Enron_Exposure.xls>>

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

 - Enron_Exposure.xls


FYI
---------------------- Forwarded by Richard Shapiro/NA/Enron on 05/21/2001
05:26 PM ---------------------------

Linda Robertson
05/21/2001 03:03 PM
To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
cc: Sarah Novosel/Corp/Enron@ENRON

Subject: Revised Electricity Emergency Authorities Memo

Here's a first draft of the emergency powers memo Sarah put together with
V&E.  We are still awaiting one more section on the Federal Reserve's
authority.  As you will note, there is remarkable authority vested in the
President, including eminent domain.  Please note page 7, which read in
combination with footnote #4 gives wide authority to the Federal government.
Let's decide soon how we want to use this memo.  Thanks.
 - 140855_1.DOC


Attached is the HL&P spreadsheet for January.


Real Timers-

There appears to be some confusion about Real Time Tagging implementation.  I
have placed a copy of the WSCC procedures for implementation in each of your
mail boxes.  If you read these couple of pages, you will see that RT tagging
will be begin at 8:00am and end at 18:00 every WEEK day for the next month
(excluding any holidays).  That is not HE but the actual time.  So we will
not have to create ANY tags before 8am (that will be for trading hour 10) and
will not create any tags after 6pm (that is for trading hour 19).  The WSCC
also clearly states that the "no tag, no flow" policy will not begin until
they have given everyone 30 days notice.  There are several stages of
implemenation.  Everyone should look at this handout closely, as it will have
a huge direct impact on your work.  Although I have stressed the relative
ease of the first phase of RT tagging, I encourage everyone to do as much as
you can now.  The more effort you put into the process and understanding of
RT tagging now, the better off we will be later.  If we submit tags now, we
have the opportunity to learn exactly what the control areas, transmission
providers, and even the difficult PSE's want. If a counterparty does not want
to do a trade because they don't want to tag it, offer to do the tag for
them.  Make the deals happen.  Learn OATI.  Learn who is the control areas at
all tie points. If you have questions, ask me or one of the preschedulers.

Jesse


Don't I also need to prepare a confirmation?

 -----Original Message-----
From: 	Singer, John
Sent:	Monday, September 24, 2001 4:24 PM
To:	Perlingiere, Debra
Cc:	Franklin, Mary Theresa
Subject:	Contract for: S &E Oilfield

Debra,

Would you please prepare and mail a new contract to:

S & E Oilfield Operations, Inc.
PO Box 4536
Newark, OH  43058

Contact:  Setphen Cox, President
Phone:  740-344-7227

Meter #:  717457
State:  Ohio
County:  Fairfield

Effective Date:  November 1, 2001
Term:  Monthly w/60 day notification
Price:  100% FOM IF TCo Index.

Ownership of the above meter was transferred  to S & E Oilfield by Reliance Energy, Inc. effective 11/1/01.

Thanks,
John


FYI

 -----Original Message-----
From: 	Coffey Jr., Jim
Sent:	Tuesday, August 21, 2001 1:19 PM
To:	Baumbach, David
Cc:	Washington, Deanna; Denetsosie, Troy
Subject:	FW: Guadalupe Power Partners

David

Can you answer with some specifics to Jeff's question on (a) "Do we know anything about purchases and sales?"

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Tuesday, August 21, 2001 11:13 AM
To:	Coffey Jr., Jim
Cc:	Bryan, Gary; Gray, Barbara N.; Redmond, Brian
Subject:	Guadalupe Power Partners

The attached are being forwarded at the request of Jeff Hodge.

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


Re: RM and other topics.


Hi Diann--

Ideally I would like to finalize the declarations today so that we can spend
tomorrow focusing on the brief.  However, tomorrow would be ok, if you can't
get to it today.

Bill

>>> "Diann Huddleson" <dhuddles@enron.com> 03/21/01 01:11PM >>>

Mike, there are several comments in Natividad's Declaration that I would like
to
revise.  Maurice Winter is currently reviewing it for accuracy on the meter
aspects.  When do you need this?

(Embedded     Enron Energy Services
image moved
to file:      From:  Mike D Smith
pic02157.pcx) 03/21/2001 09:47 AM

To:   kb@quinnemanuel.com, awu@quinnemanuel.com
cc:   Robert C Williams/Enron@EnronXGate, Jeff Dasovich/NA/Enron@Enron, Dennis
Benevides/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Evan Hughes/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES,
Diann Huddleson/HOU/EES@EES, Dan Leff/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Jeff Messina/HOU/EES@EES
Subject:  Declarations

Attached are my comments to all declarations.  For the most part they look
great.

I have no comments on Navidad's (the metering expert)--but I ask Evan and
Diann
to review for accuracy.  I would also like Peggy and Jeff to review very
carefully Dennis' declaration--there are several direct statements about our
hedging strategy and our financial losses under the UCCSU K that will become
public.  We either need to be comfortable with these statements or tone them
down.  This is very important.

Please send me any comments.  MDS


FYI.

---------------------- Forwarded by Tom May/Corp/Enron on 05/11/2001 03:45 PM
---------------------------

Thane Twiggs@ENRON_DEVELOPMENT
05/10/2001 08:24 PM
To: Smith L Day/HOU/ECT@ECT, Doug Gilbert-Smith/Corp/Enron@ENRON
cc: Ron McNamara/NA/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Tom
May/Corp/Enron@Enron

Subject:

Today the Protocol Review Subcommittee passed unanimously a revision request
that will allow ercot to grant "provisional authorization" to QSE to provide
ancillary services for a period of 90 days while any deficiencies in the
certification can be corrected.  The request will be sent to the TAC where it
will have an e-mail vote and I would not anticipate any opposition.

To receive the "provisional authorization" the QSE needs to have performed an
Ancillary Services qualification test in good faith but failed to qualify due
to problems that in the opinion of ERCOT, are noncritical for providing one
or more ancillary services.  My understanding is that Frontera has not had
the primary test.  According to John Adams at ERCOT four have been scheduled
and subsequently cancelled.  It will be critical to schedule and complete the
test to be considered for the "provisional authorization".

I spoke with John Adams regarding staffing to help perform the qualification
tests and he said that they would be able to do the certification tests at
about any time without any major scheduling delays.  The only time when they
would not be able to do the tests would be when ESCA will take control of the
systems to perform cut-over operations.

Thane Thomas Twiggs
Enron Corp
1400 Smith Street
Houston, Texas 77002

713-853-3199 Voice
713-408-4463 Mobile
713-646-8272 Fax
877-968-8967 Digital Pager or 8779688967@skytel.com


For the week  October 9-13th:

Transwestern weekly average deliveries to California were 1,025 MMcf/d (94%)
while east deliveries averaged 265 MMcf/d.  San Juan lateral throughput
averaged 723 MMcf/d while receipts from Rio Puerco averaged 50 MMcf/d.

El Paso average deliveries to California were 2,200 MMcf/d (75%) :

- PG&ETop (capacity 1,140 MMcf/d) deliveries averaged 518 MMcf/d (45%)
- SoCalEhr (capacity 1,250 MMcf/d) deliveries averaged 1,153 MMcf/d (92%)
- SoCalTop (capacity 541 MMcf/d) deliveries averaged 529 MMcf/d (98%)

Other pipeline throughput:

- PGT ( capacity 1,937 MMcf/d) throughput to California averaged 1,737 MMc/d
(91%)
-  Kern River (capacity 700) throughput to California averaged 425 MMcf/d
(60%)

The cash PG&E/Topock - SoCal/Needles spread shrank consistently from a Monday
.48 difference to a Friday difference of .11

Friday Enron Online Basis numbers:

  Nov  Nov 00-March '01 April-Oct '01
Perm-CA   .32    .31      .50
SJ - CA    .66    .49      .72
SJ-Waha   .37    .21      .29
Perm-Waha   .03    .03      .07


CALENDAR ENTRY:	APPOINTMENT

Description:
	EB30c1 - ENA Staff Mtg.

Date:		4/2/2001
Time:		1:00 PM - 2:00 PM (Central Standard Time)

Chairperson:	Stacey W White

Detailed Description:


Twanda, would you please handle this?  Thanks.  Michelle
----- Forwarded by Michelle Cash/HOU/ECT on 06/17/2000 07:34 AM -----

	Kim Melodick
	06/16/2000 05:21 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Don Baughman

Please prepare an executable employment agreement for Don Baughman.


Before we send anything other than the "thank you" e-mail I sent to Jeff, and
before we have any conversations with GE on this point, we need to seek Kay's
guidance based on her read of the contract and the issues Jeff raised in his
letter.

Kay - will you have some time to talk about this Friday?

Regards,

Ben

	Enron North America Corp.

	From:  Rebecca Walker @ ENRON                           05/09/2001 01:39 PM

To: Ben Jacoby/HOU/ECT@ECT
cc: Chris Booth/NA/Enron@Enron
Subject: payment of invoices, Blue Dog Max

Ben

The way we actually paid the invoices changed slightly after Chris had sent
the letter to GE.  We deducted the LD's and the retention amount from the
April 25th invoice (since the May invoice was not due until May 25th).

On May 8th, a wire totalling $1,671,039 was sent to GE -- this represented
$469,000 for the c/o #2 invoice and $1,202,039 for the April 25th invoice
less the LD's and retention.

To respond to Jeff Darst's letter, we can say that we are planning on paying
the May 25th invoice in full (assuming we're not planning on deducting
additional LD's for May 8-May 25).

We just need to clarify with Jeff that both the LD and the retention were
deducted from the April invoice, and then we can deal with resolving the
issues he discusses in his letter.

Regards,
Rebecca
---------------------- Forwarded by Rebecca Walker/NA/Enron on 05/09/2001
01:22 PM ---------------------------

jeffrey.darst@ps.ge.com on 05/09/2001 01:18:59 PM
To: chris.booth@enron.com
cc: Ben.Jacoby@enron.com, chasecl@pssch.ps.ge.com, john.schroeder@ps.ge.com,
stephen.swift@ps.ge.com, Rebecca.Walker@enron.com

Subject: payment of invoices, Blue Dog Max

Chris,

Please see attached letter, original to follow via FedEx.

 <<Microsoft Word - BDM002.pdf>>
 <<Microsoft Word - BDM002.pdf>>

 - Microsoft Word - BDM002.pdf
 - Microsoft Word - BDM002.pdf


Please see attached.

 - NJ01-1.1


for at least another couple days

 -----Original Message-----
From: 	Puthigai, Savita
Sent:	Monday, November 12, 2001 12:47 PM
To:	Arnold, John
Subject:	FW: TOP 50 GAS CPS - AS OF 11-9-01

Hi John,

Please let me know if you want us to continue this report.

Savita

 -----Original Message-----
From: 	Sweitzer, Tara
Sent:	Monday, November 12, 2001 12:27 PM
To:	Puthigai, Savita; Denny, Jennifer; Moorer, Torrey; Johnson, Adam; George, Fraisy
Subject:	FW: TOP 50 GAS CPS - AS OF 11-9-01

Savita,

The Arnold report has been reviewed and it looks good.

Thanks
TARA
 -----Original Message-----
From: 	Johnson, Adam
Sent:	Monday, November 12, 2001 8:34 AM
To:	Denny, Jennifer; Moorer, Torrey; Sweitzer, Tara
Subject:	TOP 50 GAS CPS - AS OF 11-9-01

this report is ready to be verified...

 << File: TOP 50 CP - GAS EM 11-9-01.xls >>
Adam Johnson
EnronOnline


?
 - speaker chase- vince kaminski.doc


Recently, there have been several questions regarding Enron's fitness club
reimbursement policy.  I want to take this opportunity to advise you of the
revised policy as well as make you aware of a corporate membership rate which
has been established with the RiverPlace Athletic Club.

Enron will reimburse the following fees for membership at any fitness
facility:

up to a maximum of $100 for membership fees
up to $25 per month for dues

A corporate membership with RiverPlace Athletic Club has been established for
anyone interested in joining.  If you would like to try out the facility
prior to joining, RiverPlace is offering a 5 day guest pass.  Please speak
with Joanie Schlecter regarding the pass or to enroll.

The fees are as follows:

Individual   Couple/Family
$200 membership  $300 membership
$73/month for dues  $116/month for dues

When you enroll, please specify that you work for  Enron North America.
RiverPlace will bill Enron directly for your monthly dues and we will submit
to have your dues reimbursed through payroll deduction each pay period.

If you have any questions regarding the fitness club reimbursement policy,
please do not hesitate to ask either me or Teri Whitcomb.

Kind regards -
Amy


----- Forwarded by Jeff Dasovich/NA/Enron on 02/07/2001 09:22 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/07/2001 07:45 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: Powerplant Siting Legislation Announced

Greetings...Senator Sher and his bipartisan Senate Coalition held a press
conference endorsing SB28X, the powerplant streamlining bill.

Jan was available to respond to press on behalf of IEP following the press
conference -- commending the legislature for their efforts in promoting the
streamlining of siting power plants.

IEP will be suggesting amendments to this bill.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

____________________________________________
SENATOR BYRON SHER
11th District

BIPARTISAN SENATE COALITION

ENDORSES POWERPLANT STREAMLINING BILL

Contact: Kip Lipper
916/445-6747

A bipartisan group of key senators announced their support today for
legislation to speed up powerplant siting without compromising environmental
protections. The legislation, SB 28X, jointly authored by Senators Byron
Sher (D-Stanford), Debra Bowen (D-Marina Del Rey), and Jim Battin (R-La
Quinta), is an important element of the Senate's comprehensive proposals
designed to help address the state's ongoing energy crisis.

"This measure is an important and urgent step forward in our efforts to
increase electricity supply in the state without sacrificing public health
and environmental protections," Sher said. "I'm pleased that our colleagues
from the other side of the aisle have agreed to work together in a
bipartisan effort to ensure that California's energy needs can be met
quickly and efficiently."

SB 28X enacts into law a series of changes designed to streamline siting of
new generation while ensuring full compliance with key environmental laws
and regulations (see attached summary).

The bill will be heard in the Senate early next week.

#     #     #

SB 28x, as proposed to be amended:

1. Establishes expedited siting process for so-called "repowers" of existing
powerplants to generate new emissions offsets and to meet state energy
demand.

2. Establishes expedited siting process for single-cycle peaker power plants
which can be brought on line quickly to meet state energy demand.

3. Allows powerplant approval process to begin while air emission offsets
are being obtained for powerplants needed to meet state energy demand.

4. Eliminate standby charges for distributed generation needed to meet state
energy demand.

5. Requires State to backfill 100% of property tax to local jurisdictions
that site new generating facilities sited to meet state energy demand.

6. Establishes an expedited process for retrofitting existing generation
facilities to
generate new offsets so that these facilities may run more frequently
without
violating air quality laws.

7. Establishes new process allowing air districts to postpone offset
requirements on powerplants provided the owners/operators of the plants post
funding to mitigate air emissions and agree to obtain emissions by the
earliest feasibledate.

8. Directs the state Air Resources Board to develop a statewide Air
Pollution Offset Bank and make information on the offsets available to
powerplant developers and other interested parties.

9.Requires air districts to establish expedited permit processes for the
permitting of standby electrical generation facilities and distributed
generation facilities.

10.Requires local agencies to provide initial written comments on proposed
powerplants within 45 days after filing of a siting application and final
comments within 90 days (current law sets no statutory deadline for such
comments).

11. Requires the CEC to take into account positive environmental, economic,
and system reliability benefits of new powerplants.

12.Provides that the State Supreme Court shall be the court of original
jurisdiction for legal challenges to CEC.

13.Requires the CEC to adopt by regulation an ex parte rule which provides
greater flexibility for communication among the public and parties to siting
proceedings provided such communications are disclosed on the record.

 - Sher/Senate Press Conference


You are invited to an Office Safety meeting on Tuesday, September 25 , 2001 from 10:00am to 11:30 a.m in EB5C2.

I am hoping that everyone can attend, as office safety is a priority. Paul Duplachan will be the presenter.

See you there!

Phil Lowry


Since it is a sleeve with EES, I receive all there daily spreadsheets, I will
check there and see what date it is under.  We'll hold up and I will let you
know.  Thanks

   Kate Symes                12/19/2000 10:30 AM

To: Stephanie Piwetz/HOU/ECT@ECT
cc:
Subject: Re: Deal 474440.01

This deal was a sleeve done for EES, and we've had problems with the trade
dates on these before. EES reported this trade to us on 12/6/00, and it was
Matt Motley's understanding that the trade was executed the previous day. He
doesn't care either way, but he suggested you talk to someone at EES - maybe
Jubran Whalan or Neil Bresnan - about what their intent was with the date.

In the meantime, I can change the date to 12/4 if you'd like. What would be
best? E-mail or call and let me know.

Thanks a lot!
Kate @ 503-464-7486

Stephanie Piwetz   12/19/2000 08:15 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal 474440.01

Kate-
Please verify trade date for trade 474440.01, we received our executed Enron
Confirmation Letter back from Powerex Corp and they struck thru our trade
date of 12/4/00 and placed 12/5/00.  Matt Motley was trader, Jan 2001,
$375.00,
Cob N/S.  Please check and I will make note and send to Powerex.   Thank you.


Done

esimien@nisource.com on 04/24/2001 09:51:01 AM
To: "        -         *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Re: Imbalance trades on CNG

Chris,

Please fax the support sent to you on this.  I will contact Cindy Wernecke
once
I receive your fax.

Thanks,


Girl, you're a mess!  Although, you are causing me to smile "in the midst of it all".  You really do need to find this guy.  What's his full name?  Have you tried the internet?  Have you tired any old friends?  Surely, someone knows him or know's where to contact him.  Come on girl, let's go, go. go!  You REALLY need to find him!  Please write back and tell me his full name,  Does he have gas service in his name at Nicor??  Does his momma have gas service with Nicor or do they live in the city?  Come on!!!

 -----Original Message-----
From: 	"Valada Brawner" <VBrawne@nicor.com>@ENRON
Sent:	Wednesday, November 07, 2001 9:53 AM
To:	pmims@enron.com
Subject:	Missing in action

Last night i could not sleep.  I really need to find my friend, just to remove him from system.  Last night I had a dream I found him.  The guy here at work called him for me.  He was not married, but had a daughter.  His feelings were mutual.  He had come to Chicago and rented a limo so that we could have an evening alone.  We did not have any sexual activity.  We did a lot of catching up and sharing of feelings.  He would send me flowers and he wanted to buy me an expensive gift, but i told him that was not necessary, but he did it anyway.  His last statement to me was that i let you get away before, but i will not from this day forward.

I wanted to ask the person who had the prohetic reading to take a look at both pictures (Frank, Ron) to see which man was the one in the dream.


i am free to talk this afternoon if you want


Dave:

I have attached the "time allocations" (which are used for inside costs only)
by attorney to the various business groups.  We can derive the percentage of
total legal department inside costs from this chart, in order to calculate
the capacity charge, for ENA and the other wholesale groups and ENW.  We had
used this chart to bill back to the various business units within ENA, but we
will stop doing that now per our conversation.  Are you in agreement?

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 10/20/2000 09:17 AM -----

	Deb Korkmas
	10/20/2000 08:53 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: 2001 Allocations

See attached per your request.  Deb

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393


Mike is entering that deal right now. I'll get back to you with the deal
number.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/07/2000 03:11 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 12-7-00 Checkout

I am missing the following deal for Mike Swerzbin brokered through Prebon:
Enron sells to Morgan 25 mw of Mid-C for Jan'01 at $700.00


Attached are some edits on your summary and some comments from Roger about
future rate affects.  Please call me if you have questions.
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 04/20/2000
09:47 AM ---------------------------

Roger Yang
04/20/2000 08:52 AM
To: Mona L Petrochko/SFO/EES@EES
cc:
Subject: Re: ResCo S-1, CA Summary

Edits look great.  Another item that may be worth mentioning is that expected
declining CTC rates and the eventual drop off of the charge to payback Rate
Reduction Bonds will offset potential increases in future transmission and
distribution rates.  Transmission rates are expected to increase from cost
shifting under the ISO TAC proposal.  Also transmission investments to
alleviate transmission constraints will be partially offset by the avoidance
of RMR costs.  PG&E will file another distribution rate change for 2002 that
may result in a significant adjustment, but distribution rates are expected
to level off after that once a PBR has been implemented.  ND and PPP are
expected to be relatively flat.  All this is important to know to understand
the risks for products with commitments exceeding 1 year.

Roger

Mona L Petrochko
04/19/2000 05:04 PM
To: SF GA, Roger Yang
cc:
Subject: ResCo S-1, CA Summary

I made some edits, ignoring the "rosy" picture except as it relates to
meter/bill.  Any additional comments before we send a response to Thom?

---------------------- Forwarded by Mona L Petrochko/SFO/EES on 04/19/2000
05:01 PM ---------------------------

Thomas S Reichelderfer
04/19/2000 04:05 PM

To: Susan J Mara/SFO/EES@EES, Mona L Petrochko/SFO/EES@EES
cc:
Subject: ResCo S-1, CA Summary

Sue & Mona - Please take a look at this "optimistic" summary of the CA
situation and make sure that it is factually correct.  Thanks.  Thom


Start Date: 10/11/01; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101124.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/11/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: SRP_EPMI_CISO
  ENGY_TYPE: FIRM