---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 12/13/2000
03:29 PM ---------------------------

	From:  Burton McIntyre                           12/13/2000 03:09 PM

To: Rahmaan Mwongozi/Corp/Enron@ENRON, Robin Rodrigue/HOU/ECT@ECT, John
Swinney/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Susan D
Trevino/HOU/ECT@ECT, Chris Abel/HOU/ECT@ECT, Ganapathy Ramesh/HOU/ECT@ECT,
Jeffrey C Gossett/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT
Subject: Spreadsheets using the old method of loading

Please see  the request below.  Current spreadsheets users  using the old
method to upload positions should get with either Susan Trevino or myself,
between now and Friday,  to get familiar with the new upload method.
Effective Monday, Dec. 18th all spreadsheet will be required to be uploaded
via the new method.

BM
---------------------- Forwarded by Burton McIntyre/HOU/ECT on 12/13/2000
02:46 PM ---------------------------

Ganapathy Ramesh
12/13/2000 02:40 PM
To: Debbie R Brackett/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron
cc: Burton McIntyre/HOU/ECT@ECT
Subject: Spreadsheets using the old method of loading

These are the spreadsheets still using the old method of processing. These
need to be processed with the new method as early as possible so that I can
get rid of the older processsing methodology.

pipe_opt2_D_12122000.txt
pipe_opt_P_12122000.txt
FT-CAND-EXOTIC12122000.txt
CanadaPower_12122000.txt
plas_exop_pos12122000.txt
erac_exop_pos12122000.txt
ft_northwest12122000.txt
pipe_opt_D_12122000.txt
ng_opt12122000.txt
rll_exop_pos12122000.txt

Regards,
Ramesh


It would probably be a good idea and may correct problems Alfonso has had on
volume side.

Chris Germany
11/10/2000 08:12 AM
To: Sylvia A Campos/HOU/ECT@ECT, Brenda H Fletcher/HOU/ECT@ECT
cc:
Subject: NFUL

I bet everything we did in June, July and August is wrong in Unify as well.
I wonder if we should go back to June 1st on setting up this contract?

We don't have that much activity on this contract.  Let me know.


---------------------- Forwarded by Randall L Gay/HOU/ECT on 06/20/2000 12:44
PM ---------------------------

	From:  Dave Nommensen                           06/16/2000 05:25 PM

To: Susan Harrison/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Rita Wynne/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON,
Randall L Gay/HOU/ECT@ECT, George Smith/HOU/ECT@ECT, Edward
Terry/HOU/ECT@ECT, Beverly Beaty/HOU/ECT@ECT, Carrie Hollomon/HOU/ECT@ect
cc: Jeff Johnson/Corp/Enron@Enron, Scott Williamson/HOU/ECT@ECT, John
Pyle/Corp/Enron@ENRON, Jim Ogg/HOU/ECT@ECT, Jaikishore Bharathi/HOU/ECT@ECT,
Regan M Smith/HOU/ECT@ECT, Kenneth M Harmon/HOU/ECT@ECT, Paul F
Poellinger/HOU/ECT@ECT
Subject: Unify stress test next week with Sybase 12.0

We have done some preliminary testing of the latest version of Sybase
(version 12).  We have seen very positive results from our initial tests and
would like to proceed with a "stress test" (not to be confused with me
showing up each day at work).  We would like to do 2 tests next week due to
hardware and business restrictions.

The test would be similar to those from late-1998 (ah, those were the
days!).  We will ask all users, as well as I.T. folks, to run as many of
their usual processing during a scripted time frame from approx noon - 1:30pm
on Tuesday and Wednesday. Be sure to order some yummy pizza or sandwiches for
your staff!

The Sybase 12.0 environment can be accessed via Start/Programs/Test
Applications/Unify Applications/Unify Gas-Power Stage.  On the Login window,
select server = "ASE 12 Test".  If you usual Production password does not
work, try "houston".  If that does not work, try a neighbor's (Audit says
that fine, its just a test).  Each user should plan to run several sessions
where permissible to simulate a heavy load on the system and to make up for
those not able to participate during this time.  Please have your staff try
to login some time Monday to insure they have access.

The test script during the time period will be:
12:00 - 1:30 Logistics:  pathing, nominating, running some reports
12:20 - 1:30 Volume Management: do your thing
12:40 - 1:30 Settlements/Accounting:  pile in

Please let me know if your area would NOT be able to assist in this very
important test.  The results of these 2 tests will dictate whether we should
pursue our migration to this new release in mid-July.  The less bid weeks
with poor system performance the better!

Thanks in advance for your help, d.n.


This approval request is incomplete - it does not include the name of this
employee's manager.  I do not know the employee, and without the name of the
manager I can't possibly approve this.  Please get someone to complete this
request.
---------------------- Forwarded by Sally Beck/HOU/ECT on 09/20/2000 01:17 PM
---------------------------

From:  Information Risk Management/HOU/ECT

Subject: Your approval is requested

	Security Resource Request System
Application Approval
Please review and act upon this request. You have received this eMail because
you are listed as an approver on the original request.
			Instructions
For: 	Tracy Beardmore
Request	Original:
Application Name:	EOL - Risk Management
Request Type:	Grant
Role(s):	Application Product Data Manager
Comments:	Need read only access to EOL Bridge Monitor and Product Manager		Review the
request in the Request section at left.
			For more information regarding who the request is for, do the following:
			Click on the name for PeopleFinder info
			See the Further Information section below
			In the Approval Section, select Approve or Reject, enter comments as
necessary and click [Submit].

	Further Information

Requestor:			Tracy Beardmore/NA/Enron
Manager:
Request Date:	09/20/2000 08:51:58 AM
RC #:	1728	WO #:
Company #:	413	Priority:	Normal
General Comments:			Access to EOL Back Office Applications


Please prepare this letter asap
----- Forwarded by Richard B Sanders/HOU/ECT on 12/27/2000 10:31 AM -----

	SHoward@milbank.com
	12/26/2000 03:13 PM

		 To: Richard.B.Sanders@enron.com
		 cc:
		 Subject: Transfer of Farallon/Legg Mason Files

Richard,? Could you get a letter off by fax this week to Erica Tamblyn,
Administrator, at Milbank Los Angeles (1) advising her that you want me to
handle the Farallon (35509-00300) and Legg Mason (35509-00400) cases at my
new firm, Alschuler, Grossman, Stein & Kahan, along with continuing
participation by Roland Tellis at Milbank, and (2) requesting that Ms.
Tamblyn transfer to Alschuler such of the files in the two cases as I may
from time to time direct.? Milbank needs to get this letter before they can
transfer any of the files to me at my new firm.

Call me if you have any questions.? Thanks.

Steve

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


Please set up the product as Gas Daily Basis GD/D HHUB - SCAL.  We will use
this until we decide to create a subgroup of daily basis products.  Thank you
for setting this up today.

Mike Grigsby


What is your fax number?  I will send you the project summary.

 -----Original Message-----
From: 	Walton, Steve
Sent:	Monday, October 22, 2001 10:24 AM
To:	Whitt, Mark; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	RE: Buffalo Power Company LLC - Gas Turbine Power Plant Project

Mark,

	I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively.  The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open.  I know that is beyond your two week window, but it would be the best time for me.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 19, 2001 3:51 PM
To:	Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	Buffalo Power Company LLC - Gas Turbine Power Plant Project

ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming.  Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.

As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998.  ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin.  Crestone has a gathering trunkline located near their proposed site.  The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.

There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market.  However, they seem to have some political backing.

These developers recognize that they need Enron's assistance in developing this project on three main fronts:

1.  Power Marketing and Project development
2.  Gas Supplies and Pipeline access
3.  Regulatory and Transmission expertise

Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.

Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.

Please give me a call and I can elaborate on the opportunity or answer your questions.  I don't want to make this email a novel!

Thanks a lot.

303-575-6473


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Geez, don't delete it this time.....thought it might be helpful.  It's
entertaining to see all those who were once behind de-regulation at the
utilities and Commission run for the exits and switch religions.  The
conversions seem to be overwhelming.  At least Enron believes what it
believes despite its reputation as the anti-Christ of the energy
industry.....

>  -----Original Message-----
> From:  Cherry, Brian
> Sent: Tuesday, December 19, 2000 8:21 AM
> To: 'Dasovich, Jeff'
> Subject: FW: SDG&E Price Cap Reqst: Parties' Comments
>
> FYI
>
> I hope this summary is helpful in giving you a sense of the FERC
> proceedings as of now.
>
>
>
>  CPUC: The CPUC strongly supports SDG&E's Emergency Request.  The
> CPUC says "It is critical that the FERC act immediately to address this
> natural gas crisis, before California consumers are subjected to further
> unjust and unreasonable natural gas rates."  (CPUC Intervention, p. 3.)
> The CPUC notes the "snowballing effect [of high gas prices] on electricity
> prices in California," and also asks FERC to take action against the El
> Paso Merchant Energy capacity deal, referring to the CPUC's related
> complaint in FERC Docket No. RP00-241-000.  The CPUC asks FERC to act
> immediately on SDG&E's Emergency Request, before the coming winter heating
> season.
>
>  SoCalGas:  SoCalGas supports SDG&E's Emergency Request.  According
> to SoCalGas, market developments occurring since SDG&E's Request was filed
> last week "document a worsening of the already severe conditions cited by
> SDG&E."  (SoCalGas Intervention, p. 3.)
>
>  Leprino Foods:  Leprino, a large dairy processor (cheese maker)
> located in PG&E's northern California service area, supports SDG&E's
> Emergency Request.  Like the CPUC comments (above), the Leprino
> intervention asks FERC to act soon on the pending CPUC complaint regarding
> the El Paso Merchant Energy transaction.
>
>  Enron:  Enron asks FERC to deny SDG&E's request, claiming that "the
> alleged connection between recent high prices for delivered gas and
> secondary market prices for released capacity is demonstrably false."
> (Enron Intervention, p. 1.)  Enron argues that there has been a low level
> of activity in capacity release markets lately, and that prices for
> releases have been at or below the pipelines' as-billed rates.   (Id. at
> 1-2.)  Enron accuses SDG&E of attempting to "deflect blame that rightfully
> attaches to SDG&E's own supply acquisition strategy."  (Id. at 2.)  Enron
> accuses SDG&E of failing to take advantage of storage opportunities and
> hedging instruments, and says that SDG&E -- as on the electric side -- has
> been guilty of "reckless reliance on the spot market, too little hedging
> through forward contracting, and inadequate development of
> price-responsive demand."  (Id. at 2.)  Enron challenges SDG&E's
> conclusion that markets are not workably competitive.  (Id., pp. 5-6.)
> "Enron submits that the best remedy is to let the markets work."  (Id., p.
> 6.)  Finally, Enron says the remedy SDG&E has proposed won't work in any
> event.  "One of two things will occur if SDG&E prevails.  The commodity
> will go to other markets that place a higher value on gas or the
> California markets will find ways to circumvent the new caps, which is
> easily accomplished."  (Id., p. 6.)  "Price caps simply do not work."
> (Id., p. 7.)  Enron also questions whether FERC has legal authority to
> impose price caps.  (Id., pp. 7-8.)
>
>  Duke Energy Trading:  DETM asks FERC to postpone any action on price
> caps for capacity release, at least until after the current winter heating
> season.  DETM asserts there is a lack of evidentiary support for SDG&E's
> position regarding market disfunction.  According to DETM, "high prices do
> not necessarily equate with market disfunction."  (DETM Intervention, p.
> 5.)  DETM also suggests that if price caps are imposed on the pipelines
> serving California, marketers will simply sell their gas in other markets
> where price caps do not exist, which could lead to gas shortages in
> California.
>
>  Dynegy:  Although expressing some sympathy for SDG&E's position,
> Dynegy opposes the Emergency Request.  According to Dynegy, "Contrary to
> the rhetoric that continues to swirl around these markets, this is not a
> situation where marketers are simply getting rich gouging customers."
> (Dynegy Intervention, p. 3.)  Dynegy contends that "Changing market rules
> again and again has not solved the problem in power [in the Western
> markets], and will not solve the problem with respect to gas."  (Id., p.
> 4.)  "Squeezing balloons does not work."  (Id., p. 5.)  Dynegy encourages
> a slow approach, and asks FERC not to engage in "a rush to judgment" in
> response to SDG&E's Emergency Request.  (Id., p. 6.)
>
>  NYMEX:  Like the marketers whose comments are summarized above,
> NYMEX opposes SDG&E's Emergency Request, and argues that FERC should allow
> the market to work freely.  NYMEX says that "nowhere does SDG&E attempt to
> produce any any empirical or anecdotal evidence of anticompetitive actions
> on the part of any market participant."  (NYMEX Intervention, p. 3.)
> NYMEX urges that, "[b]efore starting down the road of reregulation of the
> natural gas market, the Commission should consider carefully the dangers
> that lay ahead, as evidenced by the California electric experience."
> (Id.)  According to NYMEX, if FERC were to grant SDG&E's Emergency
> Request, it would "drastically and dramatically reverse [FERC's] long
> standing commitment to competition as the determinant of prices for
> natural gas on a commodity basis."  (Id., p. 4.)
>
>  Indicated Producers (Exxon, Texaco, et al.):  Producers oppose
> SDG&E's Emergency Petition.  They protest the filing, arguing that "The
> Commission should resist calls for hasty, politically expedient actions
> 'to do something' about the energy problem in California and instead
> embark on a course to adopt fair and effective solutions to the real
> problems that exist regarding pipeline capacity serving California."
> (Producers Comments, p. 2.)
>
>  Reliant Gas Marketing:  Like the other marketers, Reliant Marketing
> protests SDG&E's Request, and asks FERC to reject it.  According to
> Reliant, "Prevailing natural gas prices in California and for SDG&E at
> this time appear to be a function of market dynamics --- inadequate supply
> for a growing demand."  (Reliant Protest, p. 4.  Reliant cites the "lack
> of infrastructure" to serve California gas demand, and faults the
> California gas utilities for opposing FERC interstate pipeline projects to
> the State.  (Id., p. 5.)  Reliant urges FERC not to "abandon" its decision
> in Order 637 to remove price caps on short-term capacity releases.  (Id.,
> pp. 5-6.)
>
>
>
>  <<cpuc_interven_2110047.pdf>>  <<SoCalGas Intervention.doc>>
>  <<enron_comments_2110112.pdf>>  <<duke_interven_2110191.pdf>>
> <<dynegy_interven_2110188.pdf>>  <<nymex_interven_2110199.pdf>>
> <<reliant_interven_2110232.pdf>>

 - cpuc_interven_2110047.pdf
 - SoCalGas Intervention.doc
 - enron_comments_2110112.pdf
 - duke_interven_2110191.pdf
 - dynegy_interven_2110188.pdf
 - nymex_interven_2110199.pdf
 - reliant_interven_2110232.pdf


-----Original Message-----
From: 	Murphy, Tim  [mailto:Tim.Murphy@ElPaso.com]
Sent:	Friday, August 17, 2001 2:31 PM
To:	'Bump, Dan' ; 'Whitt, Mark'
Subject:	FW: Daughters and Dating

-

-

For all of us with daughters, this is nice and simple to administer, during
the dating process.

+

+

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************

 - APPLICATION DAUGHTER.doc


This deal has been changed to reflect beginning of Daylight Savings Time -
now has total of 95,100 MW - down from 95,200.

Thanks,
Kate


Rick,

In preparation for the meeting with the lenders on Tuesday I was reviewing
the GSA and I wonder if YPF has any force majeure claims which could impede
our rights to terminate.  I know they indicated at least verbally that they
had encountered some problems in Argentina.  Although a stretch has Dean or
Novak indicated that this could be a defense?


FYI, my work e-mail addy has changed, as I have changed jobs.


Sorry you can't make it...

	JHagood@mfah.org
	05/10/2001 11:22 AM

		 To: Tana.Jones@enron.com
		 cc:
		 Subject: RE: May 19 Church Gourmet Cajun Dinner

Tana,

Hi.  Can I duck out?  I need to work most Saturdays, so I probably shouldn't
be on the roster for Church Gormet for a while.
Sorry--it's my loss entirely.

 - John

What is African Uno?  That sounds like fun.

> -----Original Message-----
>
> Below is the list of the individuals attending the dinner at my home, and
> attached below are the recipes for the evening.  I will provide beer, wine
> and soft drinks.  In addition, I will make a big pot of white rice to go
> with the Red Beans & Rice, & Shrimp Etouffe.
>
> Please let me know as soon as possible which recipe you would prefer to
> prepare.
>
> Laura Johnson (1)
> Charles and Janice Thompson (2)
> John Hagood (1)
> Ann Hutson (1)
> Henry and Alicia Goodrow (2)
> Beryl and Ray Mack (2)
> Tana Jones (1)
>
>


Dear Church Family,

It's time to fall back! Daylight Savings Time will go into effect Sunday,
October 28th at 2 A.M.  Remember to turn your clock back 1 hour before
going to bed Saturday night and enjoy an extra hour of sleep.

We look forward to seeing each of you in Worship and Bible Study this weekend.

Second Baptist Church Staff
713-465-3408
www.second.org


Amanda,

Can you put this file in the appropriate directory, and create the necessary
link under the "Testing" tab of the fundamentals website.  It should be
called Kern Expansion Economics".  I don't have a description yet (and I'm
still working on the other one I owe you).  Let me know if you have any
questions.  Thanks.

Mat


I mislabled the starting time-period as 2000, instead of 2001.   The rest of the figures are correct.  Jeff and I spoke about a comparison with the prior DWR forecast from April 27th, which is added.  Note that the definition of  non-contracted now is really those volumes which are either true spot or contracts less than 90 days in duration.   In other words, heavily exposed to price risk.   A revised file is attached above.

 -----Original Message-----
From: 	Tribolet, Michael
Sent:	Tuesday, July 24, 2001 1:07 PM
To:	Dasovich, Jeff; Mara, Susan; Steffes, James D.; Kingerski, Harry; Mellencamp, Lisa
Subject:	DWR floating position

To answer Jeff's question from yesterday, and with the new DWR info, the attached spreadsheet indicates the non contracted (floating) position of DWR.

 << File: m010724a.xls >>


----- Forwarded by Sara Shackleton/HOU/ECT on 05/31/2000 08:19 AM -----

	System Administrator <postmaster@Vitol.com>
	05/30/2000 11:31 AM

		 To: Sara.Shackleton@enron.com
		 cc:
		 Subject: Undeliverable: Master Agreement (financial) between Enron North A
merica Corp. ( "ENA") and Vitol S.A. ("Vitol")

Your message

  To:      ddf@vitol.com
  Cc:      Tanya Rohauer
  Subject: Master Agreement (financial) between Enron North America Corp. (
"ENA") and Vitol S.A. ("Vitol")
  Sent:    Tue, 30 May 2000 17:27:07 +0100

did not reach the following recipient(s):

ddf@vitol.com on Tue, 30 May 2000 17:31:42 +0100
    The recipient name is not recognized
 The MTS-ID of the original message is: c=US;a=
;p=Vitol;l=LDN0040005301631L7L87HSX
    MSEXCH:IMS:Vitol:LONDON:LDN004 0 (000C05A6) Unknown Recipient

Message-ID: <862568EF.005A5FCD.00@notes.ect.enron.com>
From: Sara Shackleton <Sara.Shackleton@enron.com>
To: ddf@vitol.com
Cc: Tanya Rohauer <Tanya.Rohauer@enron.com>
Subject: Master Agreement (financial) between Enron North America Corp. (
"ENA") and Vitol S.A. ("Vitol")
Date: Tue, 30 May 2000 17:27:07 +0100
Return-Receipt-To: Sara Shackleton <Sara.Shackleton@enron.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2650.21)
X-MS-Embedded-Report:
Content-Type: text/plain; charset="iso-8859-1"

I am a derivatives lawyer with ENA in Houston and obtained your name through
one
of my traders who is transacting with Jay Carr in Houston (please see
attached
message below).  When I spoke with Jay earlier this month, I asked him for
the
name of a lawyer but was advised that all Vitol lawyers were in New York and
that he would pass my message along to a lawyer.  I am assuming that you are
the
trading lawyer who can assist me with negotiating an ISDA Master Agreement
between our respective companies.  If not, please let me know and feel free
to
pass this message on to the appropriate attorney.  On April 12, 1995, Enron
Capital & Trade Resources Corp., predecessor in title to ENA, and Vitol
S.A.,
Inc. entered into a Master Agreement which is one of ENA's early energy
price
swap agreements.  Since our companies are currently trading weather
derivatives,
I think you would agree that it would be prudent to supersede the existing
agreement with an ISDA Master Agreement.  This relates to my conversation
with
Jay in that we confirmed our weather deals under the existing master but
incorporated the 1991 and 1993 ISDA definitions into the confirms of our
weather
trades.  Please let me hear from you.  You can reach me via email, phone
(713/853-5620) or fax (713/646-3490).
----- Forwarded by Sara Shackleton/HOU/ECT on 05/30/2000 11:14 AM -----
|--------+----------------------->
|        |          Sara         |
|        |          Shackleton   |
|        |                       |
|        |          05/05/2000   |
|        |          11:47 AM     |
|        |                       |
|--------+----------------------->

>---------------------------------------------------------------------------
-|
  |
|
  |       To:     jfc@vitol.com
|
  |       cc:
|
  |       Subject:     Master Agreement (financial) between Enron North
America|
  |       Corp. ("Enron") and Vitol S.A.
|

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

Jay:  I am a lawyer with Enron.  I called for you on Friday, you're out, and
no
one else could help.  I would like to speak with a Vitol lawyer about (1)
replacing our existing financial master with an ISDA (to accommodate a
broader
range of products) and (2) specifically incorporating the relevant ISDA
definitions into the recent weather transaction confirmations even though
the
master is an early master energy price swap agreement.  Please call me at
713
853-5620 with the information so that we can move quickly.  Thank you for
your
help.  Sara


"Frank Ciani" <faciani@hotmail.com> writes to the NYISO_TECH_EXCHANGE Discussion List:

Dear Market Participants

The NYISO is reserving hours beginning 04:00 - 05:00, 14:00, and 16:00 in
the November 26, 2001 Real-Time Market as well as the following hours per
ECA20010908B to verify prices:

HQ:  none
NE:  none
OH:  none
PJM: none

Prices in the November 27, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be found
at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp


Jeff - Please review the following report and let me know if their are any recent developments that I should be aware of while preparing Jim's November report.  Perhaps you can update me on the negative CTC claim.  Thanks so much for your help, Bryan
Please call or email me if you have any questions.
713-345-2430


Both Chile and Peru have been approved for all products.  Use the North
American forms of the Electronic Trading Agreement and the Password
Application for companies located in both countries.  Please note that the
EOL agreements, including the GTCs, should not be subject to local law and
the Enron entity must not have a permanent establishment or branch located in
Chile or Peru.

Please let me know if you have any questions or comments.
Brent Hendry
Ext. 37124


Could you please put me on your distribution list?  I've found your summaries to be very helpful - I usually get them forwarded to me by someone, but I may not be getting all of them.  Thanks!

-----Original Message-----
From: Watson, Kimberly
Sent: Friday, October 05, 2001 11:12 PM
To: Donoho, Lindy
Subject: FW: Summary of NOI

Lindy, any comments?  Thanks, Kim.

-----Original Message-----
From:	Butler, Janet
Sent:	Thu 10/4/2001 4:52 PM
To:	Bagot, Nancy; Benner, Martha; Blair, Lynn; Boatman, Jack; Butler, Janet; Cordes, Bill; Corman, Shelley; Culwell, Christi; Daniel, Shonnie; Darveaux, Mary; Dietz, Rick; Dornan, Dari; Dushinske, John; Farrell, Sharon; Fossum, Drew; Fritch, Bret; Fulton, Donna; Goodpasture, John; Harris, Steven; Hartsoe, Joe; Hass, Glen; Hayes, Robert; Hayslett, Rod; Heckerman, Bambi; Hess, Theresa; Hill, Robert; Holmes, Bradley; Holtzman, Staci; Horton, Stanley; Janousek, Martha; January, Steven; Kilmer III, Robert; King Jr., Frazier; Kirk, Steve; Kissner, Tim; Lantefield, Laura; Lichtenwalter, Blair; Loeffler, Michael; Lowry, Phil; Mann, Ruth; Martens, Donna; McCoppin, Dorothy; McGowan, Mike W.; Miller, Mary Kay; Nacey, Sheila; Nelson, Kimberly (ETS); Neppl, Ray; Neubauer, Dave; Neufeld, Eva; Novosel, Sarah; Paladino, Ranelle; Paschal, Zelda; Patterson, Geneva; Pavlou, Maria; Petersen, Keith; Place, Janet; Porter, Gregory J.; Pribble, Dan; Prizont, Karina; Pryor, Tony; Raker, Colleen; Rice, Randy; Ringblom, Kathy; Saunders, James; Sawyer, Lisa; Scott, Donna; Soldano, Louis; Stanton, Lon; Talcott, Jim; Taylor, Gina; Tu, Denis; Van Norden, Mike; Veatch, Stephen; Vignaroli, Donald; Warner, Jody; Watson, Kimberly; Wilkie, Kim; Wilson, Rob; Winckowski, Michele
Cc:
Subject:	Summary of NOI

Attached is an executive summary of the NOI on Electronic Service of Documents, RM01-11. Essentially, FERC wants to expand service electronically to allow individuals to receive documents through email without the need for interventions just to be kept informed of the proceedings. FERC is making two proposals, one for service to parties and one for service to individuals for a cost (FERC states cost recovery but no specifics).

Comments are due November 2. Joe has asked that I coordinate comments for our pipelines. Let me know who you wish to participate.

 <<Summary-RM01-11.DOC>>


Toby, please post the attached notice to the WEB under Critical Notices.

TW team, please talk with your shippers to let them know the posting
is out on the WEB even though they are getting an email.

Thanks. Lynn


Per our conversation last week, I am sending you the latest staffing
assignments for my Diamond folks. Please note that there are two distinct
teams: one for business and one for technology/development. Please review
the attached slides and send comments back directly to me.

Thanks!

Jeff

(See attached file: ENW_StaffingUpdate_101600.ppt)
 - ENW_StaffingUpdate_101600.ppt


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/22/2000 09:17
AM ---------------------------

	Enron Global Finance

	From:  Mary Perkins @ ECT                           12/22/2000 08:41 AM

To: Fred Mitro/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron
cc:

Subject: Escrow

As I discussed with Fred this morning, attached are escrow agreements for
both Citibank and Chase.  Let me know which one you want to talk to and I
will hook you up with the agent.


Attached is the Additional list of GCP sign-offs on Clickpaper approval for
10-17-00

P.S. Counterparty is set up in GCP as "Bloch Lumber Company". Per
counterparty Credit dept., D&B, and CP website, that is the correct name.

From: Karen Lambert@ECT on 10/17/2000 02:31 PM
To: Adnan Patel/Corp/Enron@ENRON, Samuel Schott/HOU/ECT@ECT
cc: Mary G Gosnell/HOU/ECT@ECT
Subject: Bloch Lumber amendmeny

---------------------- Forwarded by Karen Lambert/HOU/ECT on 10/17/2000 02:30
PM ---------------------------

Walter Guidroz@ENRON
10/17/2000 12:17 PM
To: Camille Gerard/Corp/Enron@ENRON, Tana Jones/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
cc:
Subject: Bloch Lumber amendmeny

Attached is an amendment to open Block Lumber Company, Inc. to trade both
financial and physical.  The original had them trading only within physical.
Please call if you have any questions.  Thanks.

Walter


This morning, Roman Blake with CALP told Robin Barbe that CALP never received
the payment for the wire transfer.  This is the first I've heard of this.

Mark, would you please verify that the payment went out.  I've copied Joanie
because she talks to CALP quite often and I just want her to know what is
going on.

Also, I have a copy of the March bill.  I will go through it today and give
Mark a copy.

Thanks.

Mark Feldman
03/28/2000 11:27 AM
To: Joan Veselack/Corp/Enron@ENRON
cc: Chris Germany/HOU/ECT@ECT
Subject: Re: CALP Wire Payment

I set up the wire and sent the Feb payment out today.
Call if you need anything.
Mark

Joan Veselack@ENRON
03/24/2000 03:32 PM
To: Mark Feldman/HOU/ECT@ECT
cc: pheuer@edisonmission.com, rbakke@edisonmission.com, Dick
Jenkins/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT
Subject: CALP Wire Payment

Mark, the information for wiring is at the bottom of the invoice. Please call
Paulette Heuer at 703-227-7737, if you need any additional information.

Thanks.


11-May	14-May	15-May	16-May	17-May	18-May	21-May	22-May	23-May	24-May	25-May	29-May	30-May	31-May
Aluminum	11	6	13	7	0	0	7	7	8	2	0	4	6	12
Copper	4	2	3	3	5	5	14	8	2	5	1	1	4	3
Gas	5	3	3	15	5	6	14	19	8	5	8	12	6	5
Total	20	11	19	25	10	11	35	34	18	12	9	17	16	20

Note: Transactions are in pairs, therefore the number of gas transactions for May 31 is 10 etc.


Privileged and Confidential
Attorney Client Communication
Attorney Work Product

Here is my status report on today's activities:

Attorney General Investigation

 Mike Day, Enron's outside counsel that does work before the PUC
called me late tonight to tell me that he was contacted by another attorney
that has done work for Enron in the past.  This other attorney received a
call from the California State Attorney General's office, Richard Rothman
(phonetic) stating that the AG was going to be sending out preservation of
documents letters to market participants including Enron and that they were
going to be issuing subpoenas in the very near future.

California Energy Oversight Board

 Some recipients of this email may not have been included on the list
that got copies of the subpoena requests to the California ISO and
California PX so I will duplicate them here.

 <<7-21EOB4.pdf>>  <<Confiden.pdf>>  <<EOBoard0.pdf>>  <<EOBoard1.pdf>>

Enron Investigation in Canada FYI

 <<dowjones.11.21.00.PDF>>
EPMI  Western Trading Desk Organization Chart

 <<Organizational chart.PDF>>
Change of Venue Research by Peter Meringolo

 Here's preliminary analysis of change of venue:

 The court may change the venue of a trial "where there is reason to
believe that an impartial trial cannot be had therein."  C.C.P. o 397(b).
The party requesting a change of venue must show actual "widespread"
prejudice "extending over a long period of time."  Nguyen v. Superior Court,
49 Cal. App. 4th 1781, 1791 (1996).  Whether such a showing has been made is
left to the discretion of the trial court.  Id.

 Case law provides little guidance regarding how much evidence is
enough for a party to show actual prejudice.  As Witkin states, this
"challenge is so vague and difficult to sustain."  3 Witkin, Cal. Procedure,
Actions, o 871 (4th ed. 1996).  In fact, a change of venue on these grounds
has been granted in very few reported cases, the most recent of which was in
1938.  See People v. Ocean Shore R.R., 24 Cal. App. 2d 420 (1938); San
Joaquin and Kings River Canal and Irrigation Co. v. Stevinson, 179 Cal. 533
(1919).

 Ocean Shore was an eminent domain proceeding against 32 defendant
land owners to acquire lands to build a state highway, one defendant's
motion for change of venue was granted.  People v. Ocean Shore R.R., 24 Cal.
App. 2d 420 (1938).  The defendant filed nearly 200 affidavits, which
referenced newspaper articles, reports from civic meetings, and statements
by citizens showing a widespread prejudice against the defendants and its
cause extending over a long period of years.  Id. at 427-28.  The Court
affirmed the trial court's discretion, noting that the affidavits show that
"it would at least make it extremely doubtful whether an impartial trial
could be had before a jury in that county."  Id. at 428.

 San Joaquin was a condemnation action for the use of waters of a
river for the benefit of landowners on the west side of the river.  San
Joaquin and Kings River Canal and Irrigation Co. v. Stevinson, 179 Cal. 533
(1919).  In that action, the defendant operated an irrigation system for the
benefit of the landowners on the east side of the river.  Plaintiff filed
one affidavit showing that the people on the east side of the river felt
widespread prejudice against plaintiff and people on the west side of the
river were disqualified as jurors because they were using defendant's
irrigation system.  Id. at 537-38.  Defendant filed 22 affidavits in
opposition.  According to the Court, "if numbers of affiants or of
affidavits were the determining factor in questions of this character the
defendant herein would have been entitled to prevail upon said motion; but .
. . this is not the rule."  Id. at 538.  Rather, the question is whether the
trial court abused its discretion, and the Court held that it did not.

 These cases are contrasted with two case reported since 1938 in
which change of venue motions were denied.  See Riverside County Flood
Control and Water Conservation Dist. v. Joseph W. Wolfskill Co., 147 Cal.
App. 2d 714 (1957); Nguyen v. Superior Court, 49 Cal. App. 4th 1781, 1791
(1996).

 Riverside County was an eminent domain proceeding, where plaintiff
was seeking to condemn property for the purposes of flood control.
Defendants moved for a change of venue by presenting evidence that the
advantages of the flood control project was widely publicized, the
newspapers portrayed defendants as trying to prevent flood controls, that
the cost of purchasing defendant's property was to come from county funds
and therefore every taxpayer was adverse to defendant.  147 Cal. App. 2d at
716.  Plaintiff's affidavit contradicted these facts.  The trial court
denied the motion, and this decision was affirmed on appeal.  Id. at 717.

 In Nguyen, the State brought a suit against business owners in order
to shut down a red light district in San Mateo.  The defendant businesses
moved for a change of venue.  Defendants' evidence consisted of two
newspaper articles reporting the raid on the businesses, that the city spent
over $5000 investigating, and one affidavit of an employee of defendants'
lawyer.  The trial court denied the motion because the evidence fell "far
short of proving actual prejudice."  49 Cal. App. 4th at 1791.  Moreover,
the trial was to be a court trial, not a jury trial, and defendants showed
no prejudice by the court.  Id.

 Ross v. Kalin, 53 Cal. App. 616 (1921), although an extreme case,
exemplifies that a change of venue motion most likely requires a high
standard of proof.  In Ross, plaintiff's motion for change of venue was
denied.  Plaintiff filed numerous affidavits, in which uncontroverted facts
showed that, as a result of plaintiff's "crusade against vice conditions' in
the City of venue, plaintiff was assaulted by a mob, beaten, tarred and
feathered, and chained to a tree.  Id. at 617.  The local newspaper
published editorials approving the mob action.  Id.  Plaintiff's attorney
was also assaulted and beaten, and banned from two organizations.  Id.  Of
the 8000 to 12000 potential jurors, between 30 and 300 were prejudiced
against the plaintiff at some point in time.  Id. at 619.  The appellate
court affirmed, holding that the trial court did not abuse its discretion in
finding that this prejudice against the plaintiffs did not outweigh the
defendants' right to have their case tried in the county where they reside
and their witnesses reside.  Id.

Summary of Business & Professions Code 17200 Cases
I sent a two volume set to each of you with a summary of the California
17200 cases.  (Dave and Mike, I know this may be superfluous for you but I
thought you should see what I sent to everybody.)  While the cases do not
break out cleanly, I tried to divide the cases  into those that defined
unfair, preemption, the filed rate doctrine, conspiracy and damages.

Sampling of Tapes
I spoke with Steve Hall today (Stoel Rives).  He has listened to
approximately 2 hours of tapes.  He said they are best described as using
colorful language.  There is some chit chat about what the participants
guess the price might be or what they heard the price might be and some
discussion about a line that may have gone down.

Projects Underway

Data Resolution - No progress today
Fact Memo - I received Steve Hall's memorandum and will incorporate with the
materials I have for distribution tomorrow.
Contracts - We hope to have that package sent out tomorrow.
PUC- No contact from Harvey Morris (PUC in house counsel.)

Thanks
Gary

===========================This email message is for the sole use of the
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prohibited. If you are not the intended recipient, please contact the sender
by reply email and destroy all copies of the original message.

To reply to our email administrator directly, send an email to
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 - 7-21EOB4.pdf
 - Confiden.pdf
 - EOBoard0.pdf
 - EOBoard1.pdf
 - dowjones.11.21.00.PDF
 - Organizational chart.PDF


Stacey and Jeff, I sent the attached message to obtain Mr. Lavorato's signature on the attached authorized trader lists.  I have not received one back and would greatly appreciate any help you can provide in updating  the list and identifying those individuals authorized to trade with brokers and the firm's name.  Can you please help me, we have received requests from broker's for our updated list.  Please call me at ext. 31939 with any questions.  Thanks so much for your help.  Donna Lowry

 -----Original Message-----
From: 	Lowry, Donna
Sent:	Wednesday, October 17, 2001 3:16 PM
To:	Hayden, Frank
Subject:	Authorized Trader Update
Importance:	High

Frank, for the first submission of the authorized trader list from me and my group, we would greatly appreciate it if you would take the attached list to Mr. Lavorato for his signature.  Attached is the Cross Commodity and East Power groups.  Do we need to have him sign any others?  We are sending Tim Belden the list for West Power.  Please advise.  The message below is one that we will in the normal course of this process send to the heads to sign.  Any suggestions or improvements?  Donna

-------------------------------------------------------------------------------------------
Enclosed for your review and approval (with necessary modifications) is the most recent authorized trader list.  RAC Compliance will forward all future requests for this information to you on a quarterly basis.  If any changes occur to this list during the interim period, please follow the requirements in the Risk Management Policy and forward a new list to my attention at EB 2407.

Additionally, we will be compiling appropriate trader list for brokers by product.  Please indicate either on the attached list or provide a separate list indicating those individuals authorized to trade with a broker along with the firm name.

If you have any questions regarding this process or the attached, please contact me at extension 3-1939.

Donna Lowry
Sr. Director
RAC Compliance
(713) 853-1939
(713) 646-4039 fax


Keep an eye on the bridge - these are still erroring out.


I am puzzled by the discrepancy too.  I was not planning to do anything
about the exhibit, other than refer to it in my brief.  Let me know if you
find out what SoCal says about the possible errors. Mike

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Friday, June 23, 2000 10:39 AM
To: MDay@GMSSR.com
Subject: SoCal's exhibit 28

Mike -- I've had conversations with Jeff Dasovich and Mark Baldwin about
the exhibit SoCal filed because we feel there might be a mistake or at
least some confusion.  See footnote 5, then add up the columns.  For some
reason that is not readily apparent, SoCal seems to have not counted
Mojave's capacity at all in the first column but added it in twice in the
last column.  I have a call in to Brian Cherry to get clarification and
have promised Jeff I'll get back to y'all when I hear from him.

Out of curiosity, are you planning to file anything in support of the
exhibit?  I am inclined not to because I don't think it is really
necessary.

SS


Paul's birthday is on Saturday, March 2nd.  We will celebrate this great occasion with a surprise donut hour on tomorrow morning at 8:30a in our open area near me.

Please plan on eating a few donuts with Paul on tomorrow morning.

Remember, this is a surprise....  A card will be circulating this afternoon.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax


The post ids for the bankruptcy books will be:

15267
15268

They are running right now.  They take approximately 30 minutes so should be complete at 9:45.  If you are not seeing numbers, call Andrea Dahlke X5-4080.  I am running to a dentist appointment this morning, and will be back shortly.

Stacey


I canceled this meeting , I will look at the info and get back to you

 -----Original Message-----
From: 	ann.s.chen@accenture.com@ENRON
Sent:	Thursday, November 08, 2001 8:44 AM
To:	Quigley, Dutch
Subject:	RE: Questions regarding storage

Hi Dutch --
Yes, we can discuss this at the 2:30 meeting.

Talk to you then!
Ann

            Dutch.Quigley@enron.c
            om                           To:     Ann S. Chen/Internal/Accenture@Accenture
                                         cc:
            11/07/2001 03:45 PM          Subject:     RE: Questions regarding storage

Anne

Can we discuss this tomorrow when I meet from 2:30 to 4:30

dq
    -----Original Message-----
   From:   ann.s.chen@accenture.com@ENRON
   Sent:   Wednesday, November 07, 2001 3:30 PM
   To:     Quigley, Dutch
   Subject:  Questions regarding storage

   Hi there Dutch!

   How are you? Hope you're doing well.

   We having been working on a storage problem that Philip as given us the
   framework for.  In working out the details, we've come across a few
   questions that we know you can help us answer. I've included Philip's
   description of this problem in the word doc below, just for reference.

   1) In Philip's document, he lists discount factors over the months.  We
   understand that since the users are making storage decisions and hedging
   future months, they need to take time value of money into account.  What
   is
   actually being discounted? Is it NYMEX? Is it prices of the instruments?
   How does that factor into user's storage decisions?

   2) In our problem, we ask the user to fill out a storage schedule and
   then
   select instruments to hedge positions created by the storage.  In our
   other
   scenarios we have initial and natural position split out into the Enron
   risk buckets (Price, Index, Basis, GD) and have users choose the
   appropriate hedging instruments based on the risk areas the instruments
   cover.  In this storage scenario, the only positions created are by
   storage
   decisions.  What risk bucket would storage create a position in? My
   thoughts are that if the only positions created are by storage, then
   would
   the user really need only 1 type of instrument to hedge their risks?

   Thanks in advance for your help, Dutch!

   Ann

   (See attached file: Storage Problem.doc)

   This message is for the designated recipient only and may contain
   privileged, proprietary, or otherwise private information.  If you have
   received it in error, please notify the sender immediately and delete
   the
   original.  Any other use of the email by you is prohibited.
    - Storage Problem.doc << File: Storage Problem.doc >>

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

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


Agenda:

Legislative Update, incl AB31x
Ruelte call w/ Ken Lay - Jeff Dasovich
FERC order on creditworthiness
Other


The attached file contains the May '00 Baseload citygate and storage
injection/(withdrawal) requirements.   Please note the caveats in the Comments
worksheet.  We will address those promptly on Monday.    CES personnel note
that the attached file is archived on the network in P:\Energy
Ops\Enron\May_00\  so you don't need to save it elsewhere.

Have a nice weekend.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - May00_FOM_Reqs.xls


Dynegydirect will be unavailable beginning at 3:00pm today for system
maintenance.  The system will not be taken down until 3:30pm to allow for
completion of daily reports, etc. We request that you please log out of the
system while we are performing maintenance.  Dynegydirect will be available
tomorrow, January 16, during normal business hours starting at 2:00am until
6:30pm. Should you have questions, please contact eCare at 713.767.5000 or
1.877.396.3493.

Dynegydirect  e-Care
Dynegy Inc.
1000 Louisiana, Suite 5800
Houston, Texas 77002

E-mail:
e-care@dynegydirect.com

Phone:
North America 877.396.3493
United Kingdom 0800.169.6591
International  +1.713.767.5000

Fax:
North America 877.396.3492
United Kingdom 0800.169.6615
International  +1.713.388.6002


Here's the latest with Maureen's comments but without anything from Peggy.
Please comment.

Lawyers--please call or e-mail if any of the business changes have changed
our legal position.  MDS


The meeting will be on the 4th Floor of Enron Center South (new building). Thanks - Esmeralda

 -----Original Message-----
From: 	Hinojosa, Esmeralda
Sent:	Thursday, March 21, 2002 12:46 PM
To:
Subject:	Tomorrow: Floor Meeting with Dan Leff - ECS 4th Floor

<Embedded Microsoft Word Document>


The Load Extract, Initial for 10/23 did not generate. We are working on pushing this extract out as soon as possible. Every effort is being made to complete this by the end of today.

ERCOT Client Relations
512-248-3900


<Embedded Microsoft Excel Worksheet>


Thanks for forwarding this contact list.  You should add my contact
information to the list as well and redistribute to the team.  Thanks.

Office 713-853-5926
Home 281-370-8568
Cell  713-417-1591

10/11/2000 01:30 PM
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
10/11/2000 01:30 PM
10/11/2000 01:30 PM
To: Sally Beck/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT
Subject: RE: CommodityLogic Team Contact Info

Here you go ladies:

I will forward any updates as they become available.

Thanks,
Brenda


Liz, would you please e-mail me Greg's exact title.  Thanks, SRS


Just a note to always remember to check "ERMS", we are frequently amending or
updating and replacing old ERMS masters with ISDAs and ERMS should always be
added as a company when you prepare the legal credit list.  Thanks.


I spoke with Kevin Zemp this morning and he will e-mail docs to me for
review.  I'll keep you posted.  Sara


They are in the process of signing the guarantee. The  people form Spain,
were on vacations and will return this week. I expect to receive the
guarnatee early next week.

I will keep you posted.

Agustin

From: Tana Jones@ECT on 09/06/2000 04:40 PM
To: Agustin Perez/NA/Enron@ENRON
cc:

Subject: Gas Natural SDG Guarantees

Have you heard anything back from Gas Natural with respect to getting their
signed guarantees on the Comercializadora Metrogas  and Gas Natural Mexico
trades?  I've been holding my Enron Guarantees as leverage in getting
theirs.  We are at the period in the confirms where we need to exchange
guarantees...


On Saturday, April 1, 2000, Enron will be hosting the "Enron Earth Day
Festival" located at Buffalo Bayou Park.  The Allen Center Garage will be
used for event parking.  Enron personnel, contract employees and the public
will be allowed free parking in the Allen Center/Met Garages. Parking will
also be available in all metered parking areas free of charge on Saturday.
If you have contract parking in either of these garages please be prepared to
use your garage access card to enter the garage, this will save Enron event
parking fees.

Please take note, if you are planning to work on Saturday, April 1, there
will be no parking allowed on Andrews or Shaw Street during the below
mentioned times and locations. Cars parked on the street around Enron,
Antioch Park and Allen Center Garages could be towed by Houston Police
Department due to heavy traffic.  Also, note that the Allen Center/Met
Garages may fill quickly due to the Enron Earth Day event.

The following streets are scheduled to be closed from 8:00 a.m. until 8:00
p.m.

No admittance onto Anrdrews Street (in front of the Enron Building) from
Smith Street.
No east bound admittance onto Andrews Street from Howe Street or Fuller
Street.

Metro will have a free shuttle service to the Festival from the corner of
Andrews and Shaw near the Allen Center Garage.


Tana:  Would you please handle?  Thanks.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 07/24/2000 05:47 PM -----

	Marty_Oelmann@cargill.com
	07/24/2000 04:45 PM

		 To: sara.shackleton@enron.com
		 cc: Andrzej_Kabarowski@cargill.com, Marc_Rubenstein@cargill.com
		 Subject: ISDA Master Agrmnt btwn Enron North America Corp and Cargill

     Hi Sara,

     Since Enron prepared the ISDA Master Agreement referenced above, we do
     not have an electronic version on file.  Could you arrange to forward
     to me via e-mail the "Schedule 1" Irrevocable Transferable Standby
     Letter of Credit Format?

     Thank you for your assistance and I look forward to receiving it.

     Regards,
     Marty Oelmann


done  ... and not just that; I'm cruising the internet, investigating the
Broadmoor's "professional" tennis camp for the weekend of August 10, 11, 12
and booking rooms.  I asked for 4.  How's your game?

In the meanwhile I've been trying to call you but I can't get through to
Portland.  Is it raining there?  Give me a call.

	Christian Yoder/ENRON@enronXgate
	06/11/2001 04:10 PM

		 To: Elizabeth Sager/HOU/ECT@ECT
		 cc:
		 Subject: FW: August 10, 2001 Meeting

Don't forget to book the court at the same time as the room! ----cgy

 -----Original Message-----
From:  "WINNIE HOWARD" <HOWARD@wrightlaw.com>@ENRON
Sent: Monday, June 11, 2001 12:52 PM
To: cyoder@ect.enron.com; hkrebs@ect.enron.com
Subject: August 10, 2001 Meeting

We have set up a meeting at the Broadmoor Hotel in Colorado Springs:

The Broadmoor Hotel
1 Lake Avenue
Colorado Springs, CO   80906
719-577-5777

The meeting will run from 8:00 a.m. - 2:00 p.m. on August 10.

Please note that the WSPP has guaranteed 10 rooms at the rate of
$269.00/night.  [Other rooms will also be available.]  You need to reserve by
July 16, 2001 or the WSPP will be charged.  Please refer to the Western
Systems Power Pool in making your arrangements.


gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 04/30/2001 08:27 AM -----

	Janel Guerrero
	04/27/2001 05:04 PM

		 To: Ginger Dernehl/NA/Enron@Enron
		 cc:
		 Subject: Final Price Caps

Ginger, please send this cleaned-up version of the Reason Institute's paper
on Price Caps to everyone in Govt. Affairs.  Thanks!


We have received an executed Amendment Agreement dated as of September 19, 2001 between The Chase Manhattan Bank and Enron North America Corp.  The amendment (i) amends the definition of "Specified Swap" to include foreign exchange spot or foreign exchange forward transactions or currency option transactions; (ii) to specify that The Chase Manhattan Bank is a Multibranch Party and may act through any Office specified in a confirmation; and (ii) to add a "Scope of the Agreement" provision which states that if the parties enter into a "Specified Swap" (as defined in the master agreement) such "Specified Swap" shall be subject to, governed by and construed in accordance with the terms of the agreement unless the confirmation relating thereto specifically states to the contrary.

In addition, we have received an executed Amendment Agreement dated as of November 8, 2001 between The Chase Manhattan Bank and Enron North America Corp.  The amendment replaces the definitions of "Settlement Amount" and "Loss" as set forth in the master agreement.

Copies will be distributed.


Folks -- I was able to convert the documents provided to me into the tif
files attached.  Later Joe

 - Outline.tif
 - Interim Report.tif


Maureen/Steve,

Please follow the link below for step-by-step procedures on installing the
Cisco IPTV client. If you have any questions please feel free to call me.

Regards,

David
NT Operations

 - Cisco IPTV Installation Instructions
---------------------- Forwarded by David Blankenship/HOU/EES on 02/18/2000
10:14 AM ---------------------------

Michael Slayton
02/18/2000 10:13 AM
To: Bob Hillier/HOU/ECT@ECT
cc: Arshak Sarkissian/HOU/ECT@ECT, Maureen McVicker/HOU/EES@EES, David
Blankenship/HOU/EES@EES
Subject: Re: IP TV viewer

Bob - the WinInstall is available for all EES users. I will have David follow
up with these users.

David - please send Steve & Maureen an e-mail with details of how they can
install IPTV.

Thanks,

Michael

To: Arshak Sarkissian/HOU/ECT@ECT
cc: Michael Slayton/HOU/EES@EES, Maureen McVicker/HOU/EES@EES
Subject: Re: IP TV viewer

Arshak, It appears the Steve and Maureen log into the EES domain.  I have
cc'd Michael Slayton who would be able to assist them with getting the IPTV
client on their computer.  I called Maureen and left her a voice mail in this
regard.

Michael call Chris Bowling if you need any assistance with this.

bbh

Arshak Sarkissian
02/17/2000 04:47 PM
To: Bob Hillier/HOU/ECT@ect
cc:
Subject: IP TV viewer

---------------------- Forwarded by Arshak Sarkissian/HOU/ECT on 02/17/2000
04:03 PM ---------------------------

Maureen McVicker@EES
02/17/2000 03:23 PM
To: Arshak Sarkissian/HOU/ECT@ECT
cc:
Subject: IP TV viewer

Steve Kean and I do not have the IP TV viewer.

Thanks.


The attached bullets give real-life examples that people will understand.  I
also told Karen Denne to reference the bullets at the beginning of our motion
if she needs to know what we're requesting at FERC.  Please notify Karen and
me if you see any problems with the message.
---------------------- Forwarded by Mary Hain/HOU/ECT on 10/20/2000 02:25 PM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Seabron Adamson" <seabron.adamson@frontier-economics.com>
              10/20/2000 02:08 PM

To: <Mary.Hain@enron.com>
cc: <kdenne@enron.com>
Subject: Layman's Summary of FERC White Paper

Mary:

Please find attached a bried one page summary of the FERC White Paper, as
discussed. I have tried to make it simple and with analogies that are
comprehensible to the press, etc.

Seab

This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(617) 354-0060 and permanently delete the original and any copy of any
e-mail and any printout thereof.

Seabron Adamson
Frontier Economics Inc
Two Brattle Square
Cambridge, MA 02138 USA
Ph:  (617) 354-0060
Fax: (617) 354-0640
seabron.adamson@frontier-economics.com

 - 00-10-20 SA Summary of White Paper on Completing California's Power
Markets.doc


Hi Bob,

I'll be sure to print your note out to Greg.

I have a couple of Enron folks wanting to come tomorrow.  Do you have two
tickets left?

Liz

"Bob Nimocks" <bnimocks@zeusdevelopment.com> on 10/24/2000 04:29:37 PM
Please respond to <bnimocks@zeusdevelopment.com>
To: <Greg.Whalley@enron.com>
cc:
Subject: Keynote feedback

Greg,

Your keynote address hit the nail on the head this morning; it has already
spawned constructive discussions and debates, such as what services will the
core exchange(s) offer, what are secondary and tertiary strategies, and how
will various companies in the value chain support and benefit from the
exchanges.  One editor commented that your presentation offered stark
contrast to the Chevron presentation during lunch, which was a much more
passive "bring the horse to water" approach.  Tomorrow and Thursday's
presentations will address many of your points more fully.

Thank you very much for taking the time to drive out.  I realize how
difficult carving a morning from your schedule can be.  However, the
industry benefited from your insights.  Hopefully, Enron Net Works will
receive some high-quality prospects and/or recruits in return.

Yours sincerely,

Bob Nimocks
President
Zeus Development Corporation
2424 Wilcrest Dr., Suite 250
Houston, TX 77042
Main: 713-952-9500
Direct: 832-200-3706
e-mail: bnimocks@zeusdevelopment.com


---------------------- Forwarded by Darron C Giron/HOU/ECT on 06/15/2000
05:43 PM ---------------------------

	Enron North America Corp.

	From:  Victor Guggenheim                           06/15/2000 11:10 AM

To: Darron C Giron/HOU/ECT@ECT
cc:
Subject: My Homepage

---------------------- Forwarded by Victor Guggenheim/HOU/ECT on 06/15/2000
11:10 AM ---------------------------

	Enron Capital Management

	From:  David Baumbach                           06/15/2000 11:06 AM

To: Kyle Etter/HOU/ECT@ECT, Victor Guggenheim/HOU/ECT@ECT
cc:
Subject: My Homepage

http://welcome.to/mytrailerparkpage


Jeff:

Please see attached. I have a key contact that knows your Vice-Chairman, Tom
White who I understand was just nominated to become Army Secretary. I don't
think this is of his level but let me know how I should proceed. If you feel
it's right to be talkng to him, let me know as I have been offered an
introduction to him by my friend, Michael Krause, Chief Logistician, US Army.

Best regards,
Joe Alcantara

 - DearJeffreyII.doc


Here's the comparison chart. We've gone as far as we can with SSB. The ball
is in the traders' court to look at, and approve, the numbers. I don't know
when, if ever, they'll do that. They don't seem as interested as they once
were. I think we're more or less on hold waiting for them. SSB is aware of
the development and said they will push the traders independently.

My schedule is fairly flexible so let me know when you'd like to meet.

Ed Wood


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Vince,
I must apologize to you about the version of the paper i sent last evening.
i was pretty exhausted from the day and didn't stop to give it a proof
reading (on paper). I still find that screen editing is a poor substitute
for holding the paper and marking it up.
There is still work to be done but I think the paper is improving with each
iteration. I want to work more on documenting the specific "events leading
up to the formation of the new unregulated business" including some
documentation on the deregulation process and events in the natural gas
market. Specifically, I remember conversations about "take or pay" contract
defaults, etc. and the financial crisis they created. Also, Gene Humphries
commented in a round table discussion that Sheridan held at UT that Carl
Ichan made a play for Enron and this was fended off with a leveraged ESOP.
I would like to get all the details to these issues to better "set up the
section on marching to the beat of a new drummer".
I hope this process isn't too frustrating for you. I am convinced that we
will winnow out the story in the end if we persevere.
Have a great weekend.
your friend,
john

 - Enron_Paper_1_27_01.doc


Start Date: 1/5/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010520.txt


Thought you might get a kick out of "ISO California" (at the end of this
email) written by Steve Huntoon, who is now with Dynegy's DC office.    --
Lisa
----- Forwarded by Lisa Yoho/NA/Enron on 03/16/2001 10:29 AM -----

	Mary.Doyle@dynegy.com
	03/16/2001 10:08 AM

		 To: Lyoho@enron.com
		 cc:
		 Subject: WPTF Friday Crazy About U Burrito

Check out the end of the burrito.

THE FRIDAY BURRITO

Ben Zycher from the RAND Corporation used the following line in his talk at
the WPTF General Meeting in Phoenix a few weeks ago. The story takes place
in the good ol' days of the Soviet Union when Brezhnev was Premier.
Brezhnev and the rest of the Politburo one fine May Day were watching the
tanks and missiles pass by the Kremlin Wall, when Leonid noticed in the
middle of the parade a truck carrying a group of civilians.; He turned to
Dmitri Ustinov, the Defense Minister, and asked, "Who are they?"; Ustinov
replied, "Those are our economists.; You just wouldn't believe their
destructive potential."

This is appropriate for our time and our situation.; The economists
descended upon us when the California market was designed, but we know not
from where.; Aliens?; Since weaving conspiracy theories is a popular past
time in Sacramento ("We just know they are gouging us, them bullies"), I
believe that one must do the same by following the money.; I'm not talking
about the campaign contributions in Gray Davis' pocket. The most money has
gone from power sales in California to the Canadian Province of British
Columbia.; It was a plot the Canadians hatched. I mean, look at Governor
Davis.; He looks kind of BC-ish.; Skinny and lanky, wimpy hair, and a
hesitation in his speech. He talks their language: a mix of misspelled
French ("meet me at the centre"), English, and Eh(?).; One night in 1996,
the BC government secretly sent us some economists by the truckload to
destroy California.; The utilities probably paid for the bus tickets.; I
happen to know that Frank Wolak, Chair of the ISO Market Surveillance
Committee once lectured at a University in Vancouver, B.C..; What more
evidence do you need?; The BC Government sent us cheap hydro power, sold at
inflated market prices so that they could do what the citizens of
California wanted to do with their budget largess ? build roads, schools,
and hospitals. They didn't think we could figure out their plot, but we
did.; Now is the time for California to counter-attack.; We'll send them
some of our politicians, a bipartisan group including a few who can add,
and some of our select energy thugs from the CPUC and the Blind Oversight
Board.

Speaking of times and situations, there was a time when discussing the ISO,
words such as "communist" and "Nazi" were only uttered, by my pal, Carl
Imparato,.; We would shake our heads, and chuckle at Carl's extremism.; We
aren't laughing now.; The descriptors seem to arise again and again in
polite conversation by a wider circle of people.; I watch with utter
amusement (because the alternative is retching breakfast) at the
demagoguery of the ISO Governing Board, the Market Despair Team, the
Governor's office, and some members of the California Legislature. Like an
audience watching a tragedy from hell, we scream aloud, "These people are
crazy!"; And indeed, they are.; Mr. President is not helping us at all by
continuing to wrangle over who gets the musical Chair at FERC ? Bubba Curt
or Bubba Patrick.; Listen to us, Mr. President.; Let Bubba Curt keep the
reigns for a year or two, and let Bubba Patrick take a seat at the table.
We need someone with a shockproof BS detector.; Someone who can honestly
field a motion to dismiss the California ISO.; The time is long overdue to
shoot this horse in the head.

Not all is evil.; This week in Houston, the resource capital of California,
I visited the trading floor folks at Dynegy, before attending the WTPF
Board meeting.; The coolest thing I saw, besides all the neat gadgets on
each trader's desk, was the coffee machine.; Brother Jolly Hayden showed me
how to use it.; You pick the type of coffee you want.; The contents of the
coffee are in a shot-glass sized plastic tub with a foil top.; I picked
Venezuelan #6 Decaffeinated Waxy Crude.; The tub is placed inside the
brewing machine, and the start button is pushed.; Presto, coffee drips from
the spout into a waiting cup.; I asked Jolly, "How did the hot water get
mixed into the ground beans?"; He removed the tub from the machine and
showed me a pin prick hole made in the foil top, and another that was made
at the bottom.; Is that neat, or what?

I would like to buy a brewing machine just like the Dynegy coffee machine,
but a little larger.; I would set up a booth in Sacramento, on the corner
of 11th and "L", and bark out to passing members of the Legislature, "Free
space shuttle. Come and see life on other planets."; They would jump at the
chance to visit other planets.; I would seat them in the machine, push the
start button, and voila.; Dripping out would be the essence of democracy.
Don't worry about the holes needed at the top and the bottom.; They are
already there, and quite enlarged.

Back to my day at Dynegy.; Trade floors might seem similar across
companies, but the small differences speak to the management style embraced
by the crew and its leaders.; Each electric trading desk, for various parts
of the country, is set up a little bit differently.; For example, some
desks have a person doing asset-backed trading, but some don't.; When I
arrived at 6 a.m., Houston time, the Eastern desk was busy in its trade
day.; The Western folks hadn't arrived, yet.; Later, I sat with Randy
LeForce of the Western desk.; "Captain LeForce, to you", he told me.; He
could talk big because Dave Francis, who sits next to Randy, and hangs
witty quotes from the ceiling above his head ("Even a blind pig could make
money in this market"), was on vacation.; As the pace of the trading
gathered steam, Randy kept an eye on all the different people working the
Western trading desk.; The Captain worked it like a maestro.

During my visit, some Dynegy folks came up to me, introduced themselves,
and said how much they enjoyed the Friday Burrito.; I'll tell you what.
There are few things in life that give me as much satisfaction.; Complete
strangers who tell you that something you do makes them feel good, well, it
doesn't get any better than that.; Garrison Keillor, the well-known author
of Lake Woebegone Days, and NPR radio entertainer once said a writer should
have an audience.; Not everyone in the world should be in the audience, but
an audience nonetheless of some people.; I now know what he means.; And the
people I met on the trading floor felt like they knew me, and shared with
me their thoughts and opinions on a lot of things.;; Often they asked me,
"Are those California people really that crazy?"

Since last week, you might have noticed the pace at the FERC has picked up,
somewhat.; Last Friday the FERC issued an Order on possible refunds for
alleged overcharges by parties selling to the ISO last January.; That was
news worthy.; Then, on Wednesday, the FERC issued an Order to remove
barriers to additional electric generation in the West.; The Order admits
that it won't change the dire situation in the West, but these are steps in
the right direction.; The FERC also issued on Wednesday a show-cause order
to AES and Williams regarding the maintenance of RMR units that were called
by the ISO in April and May of 2000.; That is a serious case that we must
watch closely.; Also this week, the California Senate kicked off its own
investigation (this will be the tenth such investigation of the California
markets to uncover alleged price manipulation).; The Senate Committee will
have subpoena rights, and if I understand it correctly, they plan to
subpoena individuals.; Sounds like a Kangaroo Court and a Three-Ring
Circus, to me. Thursday, Secretary Abraham stated in a congressional
hearing that the West would certainly experience power outages this summer.
Finally, an LA Times reporter asked me if I had heard that a small QF
company had filed for seizure of SCE property to satisfy an outstanding
debt.; That would be step one of the bankruptcy cha-cha.; All in all, a
typical week among crazy people.

Let's see what else we can talk about.

Things in the People's Republic of California
;@@@ PUC Updates Utility Liabilities
;@@@ Be a Source for Energy Price Update
;@@@ BPA Misquoted in the WSJ

Things FERC
;@@@ Market Monitoring Proposal

Letters

Jobs and People

Odds & Ends (_!_)
================================

Things in the People's Republic of California
;@@@ PUC Updates Utility Liabilities

My favorite regulator, the California PUC, issued an Order in the
Utilities' Rate Stabilization case to re-open the record on utility audits.
Although the text of the order is unremarkable, the data tables bring up to
date, as of March 8, the outstanding liabilities of PG&E and SCE.

The PG&E commercial paper obligation due as of March 8 increased by $354
million since January 31, for a total default amount of $790 million.; QF
purchases increased by $280 million for the same five-week period, now
totaling $651 million.; The ISO payments increased $934 million, now
totaling $1.5 billion, and the direct access charge backs for negative PX
credits increased $214 million, now totaling $433 million.; PG&E's total
default amount is now $3.3 billion excluding amounts yet to be collected
from PG&E customers for DWR purchases.

The SCE balance is as follows: The commercial paper obligation that is due
as of March 8 increased by $260 million since January 31, for a total
default amount of $401 million. SCE defaulted on a significant amount of
long-term debt principal and interest, roughly $249 million.; QF purchase
defaults increased by $354 million for the same five-week period, now
totaling $835 million.; The ISO obligations decreased $1.1 million, and the
direct access charge backs for negative PX credits increased $21 million,
now totaling $25 million.; SCE's total default amount is now $1.7 billion
excluding amounts yet to be collected from SCE customers for DWR purchases.

There is little question that the QFs are taking it on the chin, big time.
In the last five weeks, between January 31 and March 8, the defaulted
payments to the QF owners from both utilities has increased $630 million.
The total QF default for both utilities as of March 8 stands at $1.5
billion.; Does anyone wonder why 1500 MW of QF capacity has shut down in
California?; Without these payments being made very soon, I would expect
the amount of shut down QF capacity to easily double, or more.; Why would
these projects produce without the promise of being paid?

Things in the People's Republic of California
;@@@ Be a Source for Energy Price Update

Art O'Donnell, editor and associate publisher of the well-known and widely
read California Energy Market (CEM), is looking for traders willing to
participate in his survey in exchange for receiving an advanced copy.; The
Survey is a regular feature in CEM. The information collected by Art is
matched against the responses of the other people he interviews and some
posted sources (Pricewaterhouse Coopers; BPA's daily offerings, for
instance).; It is written up in narrative form. The report goes out twice
weekly, once on Wednesday afternoon/evening via e-mail as a courtesy to the
respondents (because the week is pretty much done by then), and a rewrite
on Friday that is e-mailed around 10 am, posted on the newsdata.com Web
site, and published in the newsletter for general consumption. The Friday
report also features a brief story about natural gas markets in the West

The WPTF Board of Directors has allowed me to publicize this offering, and
to explain that if your company is interested in participating, the
information you provide to Art would be protected as confidential.; In
Art's words, "The price survey is ? unlike some attempts at creating a
tradable index number (e.g. McGraw-Hill's Power Markets Week index or the
Dow Jones indices), is more of a narrative about the state of the market d
a pulse reading as opposed to a blood pressure number or an EKG. As such, I
do not ask traders and schedulers for precise dollar figures or volumes
associated with specific trades, but rather questions like, 'What's
Mid-Columbia going for today? What about off-peak? How has that changed
since this morning? Oh yeah, why is that? Anything else I should know?'"

The WPTF Board asked Art to explain how the information he collects would
be protected since so many marketers and generators are under State data
subpoenas.; Art replied, "The Constitution of the State of California
provides for a blanket immunity against government intrusions for news
gathering from confidential sources and unpublished information, something
which we believe in strongly at Energy NewsData Corporation and which we
are willing to go to jail to protect. So if, for instance, the Attorney
General tried to subpoena me or anyone from my staff about power price
information, we would 1) refuse to divulge anything other than the already
published accounts, 2) send back a copy of the Constitution, 3) contact the
attorneys for the Society of Professional Journalists, and 4) start
preparing a benefit party to raise legal fees. "

If you would like to participate in Art's survey, please e-mail him at
aod@newsdata.com.

Things in the People's Republic of California
;@@@ BPA Misquoted in the WSJ

In last week's Burrito, I referred to a Wall Street Journal article that
portrayed a BPA trader as admonishing the DWR for accepting bids over
market prices.; I was surprised when I received the following e-mail from
BPA's David Mills.; His message to me copied a letter he sent to DWR's Ray
Hart, explaining what he meant as opposed to what he was quoted as saying.

Dear Ray:

As per our telephone discussion, I just wanted to reiterate a few things
re:the Wall Street Journal article and the quotes attributed to me.; At no
time during the interview with Ms Smith did I state that I thought that
CDWR's offers were out of line with the prevailing market price in
California or that your traders should check that price before entering the
market.; The reporter was quite interested in the price difference between
California and the MidC price here in the Northwest and when I asked I told
her that currently that price delta was roughly $50-$100 MWhr, with MidC
being lower than the CA prices.; I did not indicate to the reporter that I
thought that CDWR was paying more than the California market price and was
simply trying to make a comparison of price relativity between California
and the Northwest.; Lastly, BPA has, on occasion, charged extra-regional
entities less than the prevailing market price but has only done so to
remain consistent with our own pricing strategies.

;I apologize for any misconceptions or miscommunications that may have
resulted from this and look forward to a continuing working relationship
between CDWR and BPA.

Things FERC
;@@@ Market Monitoring Proposal

FERC Staff issued a report with "Recommendations on Prospective Market
Monitoring and Mitigation for the California Wholesale Electric Power
Market."; WPTF members are taking this proposal very seriously, and we
intend to provide comments on March 22.; If you are interested in a copy of
the report, go to http://www3.ferc.fed.us/bulkpower/bulkpower.htm.

General members are able to participate along with the Board members and
other general members working on our response.; We have retained the
services of Dr. Ben Zycher of the RAND Corporation to help us draft the
policy issues.; He will be working with our counsel, Dan Douglass of Arter
& Hadden to craft our reply.

In short, our submission will point out the flaws in FERC's proposed
methodology, and demonstrate the shortcomings of narrowly limiting the
definition of producer marginal cost to operating variable cost.; Further,
excluding measures of credit worthiness are an important missing variable
in the FERC analysis.; Next week, I will include a short summary of our
response in the Burrito.

Letters

I received a note from one of our legal beagles that drop me a line every
now and then.; I don't have the facts of the case to which this person
refers, but I hope the sender provides us with an update if a judgement
should occur. "Universal Studios wants FERC to find that Universal owes no
penalty to SCE for not interrupting its interruptible load (under a CPUC
rate schedule) because SCE did not adhere to the FERC requirement in the
Dec 15 order to schedule 95% of its load in the day ahead market ......
according to Universal, if SCE had done so, then it would have had to
provide Universal power at below its cost.; SCE didn't and Universal; got
interrupted and now Universal owes $$$$$$$$$$$$$."; Does anyone else know
about this filing?

Lind Guerry, veteran of the PX halcyon days, wrote, "Hi Gary.; Hope you're
having a nice day.; Just wanted to let you know that I'm really enjoying
the Burrito, and am so glad you're sending it to my home email.; I really
got a kick out of the "Ten Reasons...."; It's hard to believe that our
wonderful state is in such incompetent hands, isn't it?; And not only are
they incompetent, they continue to remain so, with such regularity, you
could probably make a killing marketing their incompetence as a laxative.
Do you think if we tried to do that, we'd get accused of exercising market
power? Think of the power we'd wield, as the holder of the largest amount
of incompetence!! "

Lind, we need a product name for the laxative idea.; Any ideas? How about
Sane Away?

Jobs and People

The folks at Dynegy sent me a couple of job postings.; If your company has
similar posting or job openings, or if you are reader looking for a new
gig, drop me a line.; After all, it's free.

Position Description:

Dynegy's position has responsibility for the development of transmission
and power markets in a geographic region of the U.S.; Duties are driven
primarily by federal, regional, and state activities to restructure and
deregulate the electric power industry, and the need for industry
participants to develop and implement market structures, policies, and
regulations that promote liquid and competitive transmission and power
markets.; Significant activity within a region to reshape the structure and
operation of the transmission grid is resulting from FERC Order 2000, which
directs the establishment of Regional Transmission Organizations. Extensive
travel (40%-60%, and higher at times) is highly probable. Primary goals of
this position are to:1) Create more liquid and competitive transmission and
power markets;; 2) Maximize the value of Dynegy's positions and assets by
working closely with the trading and power groups to develop;; and
implement commercial strategies that create and capture significant
business opportunities; and 3) Provide timely and accurate information,
market intelligence, and recommendations to clients. 4) Maximize the value
of Dynegy's positions and assets by working closely with the trading and
power groups to develop and implement commercial strategies that create and
capture significant business opportunities; and recommendations to clients.

Interested parties should contact Jolly Hayden at jjha@ngccorp.com.

Odds & Ends (_!_)

First, I would like to welcome WPTF's newest general member, Wellhead
Electric.; Hal Dittmer is the founder and president of Wellhead.; I have
known Hal for a couple of years, first as a client for my over priced
consulting services, and later as a friend and source of all kinds of
useful information.; Wellhead is one of those QF owners who are owed a
boatload of money.; However, Hal's company is developing some new projects,
and he is looking for prospective power buyers.; Hence, his interest in
WPTF is obvious. Wellhead is WPTF's 31st member.

Well, the Dynegy gang has been a source of comfort and joy to me this week.
They couldn't let me leave their abode without stuffing a song in my pocket
that is a tribute to their creative skills.; Timely too.; Sing it to the
tune of "California Dreaming", by the Mamas and the Papas.

                              ISO California
                     (to the tune of Hotel California)

On a dark Western highway
No wind in my hair
No rain for the hydro
No NOX in the air
Up ahead in the distance
I saw a flickering sight
The load grew heavy and the lights grew dim
No relief in the night
So we stood in the darkness
Down at the Taco Bell
And I was thinking to myself
This could be Heaven or this could be Hell
We lit up a candle
No power in the Bay
There were voices down the corridor
I thought I heard them say; ?

Welcome to the ISO California
Such a lovely place
Such a lovely place
Such a lovely face
Powering up for the ISO California
What a nice surprise
What a nice surprise
Bring your alibis; ?

Its mind is policy twisted
Can't stop consumption trends
Got a lot of NIMBY boys
Cisco calls friends
How we sweat in the courthouse
Sweet summer sweat
Without the AC
We try to forget
So I called up the Gov'nor
Please energize this line
He said
We haven't built a new plant here since 1969
Last thing I remember
We were running for the door
We had to find the passage back to the place we were before
Relax said Judge Damrell
California's programmed to receive
Go belly up any time you like
But your power can never leave

[refrain]

==========================
Don't refrain.; Have a great weekend, y'all.
gba


?
Michelle M.  Sheehan
Lead Executive  Assistant
msheehan@adventis.com
ADVENTIS
617-421-9990 x-209
617-421-9994  fax
 - ENR111_Note to ken rice_0501.doc
 - Chess.gif


Vicki:

Do we need to add the PX letter to the agenda for tomorrow's 10 AM call?  If
so, make sense to have Bracewell (Ron Carroll?) and Mike Day on as well?

Jeff


Sorry I couldn't make it for cake last night.  I had to work late last
night...Big Shock!!!  Anyway, hope it was fun and that you're having a great
week.  Mine has been pretty busy work wise.  I'm sure you're curious about
Mr. Noble.  All I can say right now is that, while I definitely still like
him (we had a great time Sunday), I am some what annoyed with him right
now...he's been very wishy-washy the first half of this week.  I'm not real
sure what I'm going to do about it, but I'm sure I'll think of something.


Hi Daren,

I enjoyed our lunch together yesterday and believe we made a good beginning.
You have very high standards for your own performance and are highly
committed to the best outcome in all situations. You are likely to have high
expectations for results from our coaching meetings This a good formula for
success and I will do my best to honor your strengths with a focus on moving
the action forward.  With this in mind, I had some thoughts and additional
questions for reflection following the meeting that I would like to share.

You are in a transition from being a  high team performer to becoming the
leader of a high performing team.  One of your frustrations as leader is
that members of your team seem to rely too much on you to solve problems
that arise in the day to day operations of the team.  At first you responded
to their requests for help by solving it for them, then you shifted to using
questioning techniques to have them solve the problem with  you.  You have
also offered some training to address the learnings needed to be more
independent problem solvers.  You are frustrated when some members of the
team continue to come to you with questions they should be able to solve and
when they fail to implement changes that you have trained them to use.  You
are seeking ways for the the team to have the same problem solving ability
that they come to you for.  You have recruited people with this ability and
you seek to expand it in the team.

This issue was the focus of our first session and needs to be the focus our
next meeting.  The question is: How to engage the team in solving this
problem.  How do I get the members of this team to own this responsibility
and begin creating their own solutions?  What resources are needed by each
person to contribute more to this problem? How do I involve the team members
more in the solving of this problem? What new behaviors do I need to employ
to increase the involvement of the team?  What do I need to change in myself
or my relationship to the people in order to engage them more actively in
the problem?

There is one dimension that I am clear about. I know that you have used
performance appraisals to give feedback.  Have you put this issue before the
team as a whole for the team to solve or have you tried to change individual
team members?

I look forward to our meeting on the 17th.  Keep growing!

Mike
TEAMLeadership Center

Mobile:  713-598-6732
Office:  713-871-8326
Fax:  713-871-1707
Home: 409-321-0680
mam@teamlead.com


Joe Henry and I met with Andrew Kidd and David Field of El Paso today to discuss the timeline and status for the sale of Cornhusker.  Additional topics included the incremental land/option agreement between the project comapny and Tenaska (a potential $7.5 mm deduct from our sales proceeds) and the requirement of El Paso to purchase the "black box" equity to finish their due diligence on the equity and the prior "facilitation process."

SCHEDULE

El Paso will be meeting with Ralph Eads tomorrow afternoon to present a final valuation and risk summary.  After this they will forward over their marked PSA and would like to meet Thursday/Friday to finish the agreement.  After finishing the agreement, the deal will go to El Paso for Capital Review Board and BOD meeting.  We will then have only the "black box" purchase/put timing and HSR to go for closing/funding.

VALUE

David and Andrew pointed out their aggressive discount rate a number of times and point to increasing insurance costs on power facilities as the "90%" driver of a likely decrease in purchase price (our insurance folks can attest to the increase).  El Paso estimates an 8 to 9 mm dollar price reduction from these increased costs.  The latest increase from our insurance was substantial too, but not this high.  We are doing a quick variance on our numbers vs the "sent" model and will match insurance parties at El Paso and Enron today/tomorrow.

El Paso doesn't have any interest in the incremental land/option (nor do we), so Ponderosa is going to sell the project company with the option to Tenaska intact.  This outcome is the lowest legal risk for Enron and almost a "no-cost" alternative which maximises our net cash received from the purchase.

El Paso will assume the Siemens Westinghouse long term service agreement risk and has not asked for an indemnification on the matter.  Hopefully the PSA will match.

FUTURE UPDATES

I will send an update to this same distribution list as frequency demands.  If any of the recipients believe I should include additional people, please email the names back to me.

Thanks,  Chuck Ward


Dear Barnes & Noble.com Customer:

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PLEASE NOTE:
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please click here:
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Kay,

Here is the Cover Sheet and Attachments for the above C/P.  I wasn't sure about the due diligence on the "agency relationship" so was unsure as to whether to put those riders in.  I have attached those riders so you can advise me.  The Agreement is housed in your directory minus the General Terms and Conditions.  When you are ready to send the Agreement then I can attach the GTC.

Thanks,
Genia


Attached is the Friday peer group reporting.
DO NOT UPDATE LINKS WHEN THE FILE IS OPENED!
Please call if you have any questions.

Investor Relations


EFF_DT PORTFOLIO_ID DOWN95
11/21/00 MANAGEMENT-CRD 0
11/21/00 MANAGEMENT-GAS 1,353,409
11/21/00 MANAGEMENT-PWR 199,788
11/21/00 AGG-MANAGEMENT 1,339,756


Attached, please find this article "California Power Costs Hijack New
Campus Funds Science institutes, UC Merced out of proposed budget" from
today's San Francisco Chronicle.

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/09/M
N221037.DTL


Thank you for your prompt reply. I have taken the time to listen to all of
your concerns and have responded below appropriately.

Question 1: my "need" would more appropriately be characterized as a
"desire" (something that, according to my buddhism class yesterday, would be
beneficial to give up if I want to achieve true happiness). The desire,
however, is related to the possibility of spending a fair amount of time in
diving locations during my honeymoon. Due to the limited amount of vacation
time I am alotted from my employer, I am going to find it necessary to
forego all vacation opportunities for the next 10 months (other than this
week between Christmas and New Years) and hence find it necessary to use the
specified time to obtain the coveted certification. No, I am not interested
in getting certified in Monterey Bay.

Question 2: As far as I know the weather is quite pleasant year round. I
know the place we intend to go is on an island off the eastern coast of
Honduras. I hope to provide you with a more deailed answer after consulting
reliable travel guides and weather almanacs.

Question 3: The diving is supposed to be quite "killer" (as you put it). I
have a direct recommendation from my travel obsessed friend, jessica, who
just got certified there a couple months ago and has provided me with both
information and endorsements. Yes, Belizeis supposed to be very good also,
but the island we would be going to is practcally in Belize. Please refer to
a map of Honduras (which shall be provided at a later date).

I apprecieate your questions and coments and await your reply.

Sincerely,

Cameron

--------------------------
Sent from my BlackBerry Wireless Handheld

-----Original Message-----
From: Dasovich, Jeff <Jeff.Dasovich@ENRON.com>
To: Cameron Sellers <cameron@perfect.com>; PP <psellers@pacbell.net>
Sent: Wed Oct 17 17:30:02 2001
Subject: RE: honduras

Interesting.

Question 1: Please explain the following line from your note: "I really
need to get certified for diving."

Question 2: How hot is it down there?

Question 3: Cheap is good, but if you're going to travel that far to
dive, is the diving good there, or is there another place (like Beliz)
where the diving is supposed to be killer?

-----Original Message-----
From: Cameron Sellers [mailto:cameron@perfect.com]
Sent: Wednesday, October 17, 2001 7:24 PM
To: Dasovich, Jeff; 'PP'
Subject: honduras

I asked PP if she was interested in going to Honduras between xmas and
new
years this year.  I really need to get certified for diving and the
diving
there is extremely cheap, but reliable (its an American outfit and all
PADI).  PP thought she might be interested in going and doing it with
me.
So, first I wanted to know what you thought of the whole thing.  Then,
if
you are into it at all I will look into flight opportunities (staying
down
there and the scuba course and single dives are all very cheap, but the
flight would be the most expensive).  And, last, do you have miles on
continental and are they miles that PP can take advantage of also?  I
think
Continental goes to San Salvador which is a common connecting city.  So,
you
might luck out on flight costs and the whole trip would not be too bad.
What do you think?

Cameron Sellers
Vice President, Business Development
PERFECT
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.798.3366 (direct dial)
650.269.3366 (cell)
650.858.1095 (fax)

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


System Outage Notification

Outage Description:

All SAP systems (including Prod Interface, all EBP systems, iPayit, iBuyit, and FTP servers) will be shutdown in order to upgrade our storage hardware. This maintenance is required to ensure that sufficient storage is available for the SAP Production systems.

Date & Time of Outage:

Outage Commences: November 16, 2001 @ 8:00pm CST

Outage Ends: November 19, 2001 @ 2:00am CST

Contacts:

Contact:

Contact Information:

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713-345-4727