Terry was acting with full coordination from Jose.  The problem was this:
Daly insisted someone speak on behalf of the group to the press (and
designated Terry to be the one); Terry did not have the updated information
that we were about to meet with the government officials and deliver a
slightly different message (i.e. that we needed to know if the government
planned to really open Petrobras or not -- the implication being that we
would work within either decision but we needed to know one way or the
other); Terry was simply not in possession of this information and no one had
given it to him (probably because they had no reason to assume that Terry
would be thrust in front of the press); moreover, it's hard to see how Terry
could have taken such a position publicly anyway.  By my eyes Terry did the
best he could and we had an unavoidable communications bust.  I know the
Southern cone team is moving to make it right, but I see absolutely no reason
to come don on anyone about this.

Richard Shapiro
02/17/2000 09:47 PM
To: Steven J Kean/HOU/EES@EES
cc:
Subject: Re: Trade Mission

What was the outcome?

Steven J Kean
02/17/2000 08:13 AM
To: Richard Shapiro/HOU/EES
cc:
Subject: Re: Trade Mission

FYI.  I will call Terry and get in touch with Jim/Diomedes
---------------------- Forwarded by Steven J Kean/HOU/EES on 02/17/2000 08:13
AM ---------------------------

Diomedes Christodoulou@ENRON_DEVELOPMENT
02/17/2000 02:42 AM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean@EES, Kelly Kimberly/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Trade Mission

Jim/Steve,

How can Terry go out with public statements without knowing a thing of the
dynamics of our negotiations with the Minister on the gas issue? This is
especially damaging given we are depending on the Minister to get approvals
for our two emergency power projects. Let's monitor this but my suggestion is
that Jim needs to call Carraro right away and give some explanation before he
decides to boycot our projects.
---------------------- Forwarded by Diomedes Christodoulou/ENRON_DEVELOPMENT
on 02/17/2000 05:37 AM ---------------------------

Jose Bestard
02/15/2000 05:18 PM
To: Denise M Macedo/ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Trade Mission

See below the messages I had asked Terry to convey in his meetings in the
region.  I did ask him to raise the issue of Petrobras through Secretary Daly
with the Brazilians officials as an impediment to the open markets.

It never occurred to me that he would be making Press statements. (or that he
would be quoted in this flavor).  This, coupled with the GM ABEGAS) article
will turn up the heat.

Given that Jim's messages are going to be delivered this week (Denise, Jim
will discuss the issue with Carraro. We intend to file a protest in ANP by
Friday due to lack of responsiveness in our request for a transportation
tariff).........

1)  I would not go to the press. Let it go..

2) If asked, repeat the vision  "regional integration, based on the
principles of open access, greater reliance on competition and customer
choice"

3) Monitor the response. Let me know if you are getting unfavorable reactions
(other than Petrobras).

4) Jim,  if you get a call ahead of your meeting,  we cannot discredit Terry
(The shadow of Petrobras is an unfortunate quote). Use this in your favor.
Press on with the message "Is Brazil ready to open the gas market to
competition". If so, let's get started.

Jose

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
02/15/2000 01:45 PM ---------------------------

Jose Bestard
02/15/2000 01:45 PM
To: Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: Trade Mission

Terry.

The Key message for the trip, in regards to energy, should be:

 "Achieve regional integration, based on the principles of open access,
greater reliance on competition and customer choice rather than regulated
monopolies"

The vision is that a customer in any of the countries will have choices
"several competing providers"; "different service options", and the providers
will have the flexibility and agility to assemble an attractive package by
combining transactions  with other suppliers and customers.  This approach
maximizes the utilization of the existing infrastructure (reduces idle or
redundant facilities) and gives customers the ability to more closely tailor
their energy purchases to the their needs.

There are barriers to achieve this vision. It is in the interest of the
governments to work in a common protocol to progress rapidly.

Development of infrastructure .- Still not well developed. Needs to attract
project financing. At this stage, the customers have few alternatives.
Government policy should be to allow access above and beyond what was
initially contracted to justify the financing. Terms of financing have to be
honored. Long term, competing facilities (pipelines, refineries, transmission
lines, power plants) will be fighting for customers.

Threat. Control of these facilities: Petrobras through the BBPL; YPF in
Argentina

Cross-border Licensing.- Very time consuming, bureaucratic delays to grant,
export, import, re-export permitting.  Present regime cannot accommodate  the
rapid transaction scenario which will be required to support real integration.

Cuiaba Power plant,- As of today we have not received all the permits. Latest
issue is the Bolivian-Argentina border dispute due to YPF denial to
accommodate a transaction of Bolivian gas into Argentina.

Operationally, the plant will receive daily instructions from Brasilia. The
gas supply from Argentina/Bolivia, including spot market transaction  has to
be nominated within 48 hours notice.  There are no mechanisms to change
quickly the approved volumes.

Commercial entities need to be given the opportunity to export/import to
aggregate the requirements of different suppliers various customers.

Taxation.- Transfer taxes (i.e. receipt taxes ,stamp taxes) for each step
down the chain needs to be eliminated for commercial entities, particularly
for export transactions.

These commercial entities buy pieces of the services on behalf of the
ultimate customer (act as their agent) and package the final offer. The
objective to  reduce the cost of the product, which would not be met by
adding a further taxable event. There should not be  more, nor any less taxes
because of the services of the middle company, except for the larger amount
of income taxes generated by increase commercial activity.

Money Transfers.-  Central Bank Controls to authorize the transfer of
currency needs to be made more agile. Currently these procedures are very
time consuming and cumbersome (Brazil -- I am not as familiar with the other
countries)

This is affecting us in Cuiaba. The Central Bank has not approved the gas
contract, specifically the Take-or-pay provision that has a one-year make up
period. They want a longer make-up period, but that was negotiated with YPF
as part of the larger agreement. YPF may agree but at a higher price. The
Central Bank does not want to send US$ out of the country, so they view TOP
as a devise of paying for a commodity never received. So they are meddling in
contract negotiations.

Below are other notes

Thanks

Jose

Terence H Thorn
02/09/2000 09:22 AM
To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Richard Shapiro@EES

Subject: Trade Mission

I have forwarded to you the final schedule of meetings for Daly's trade
mission.  I am very comfortable with issues for Argentina and think we need
to focus mainly on the stamp tax issue.  Secondly, I would raise the issue of
open access pipelines, especially allowing Bolivian gas to flow to
Argentina.  The question I have on this latter issue is whether this is a
matter of changing the law, changing policy or pressuring YPF to allow the
gas to flow on it's section of pipe which I understand is not under the
jurisdiction of Enargas. What can the government do?

JB.- I am not familiar with the genesis of this situation, how these
pipelines escaped the jurisdiction of the regulator.  If it is determined
that they are not part of the regulated pipeline network, in time a bypass
pipeline may be built. But an immediate solution needs to be developed.

In Brazil, I am not sure what to raise.  On Monday we have meetings with the
Minister of Development, Industry and Commerce and the Secretary of Energy
and Mines.  What do I need to have Daly raise with them in private?  Myself
in public? or the Minister of External Affairs?

JB.- For background, the Brazilians have rising concerns of the rising
dollarization of their economy, "desnacionaliza?ao". Their concern is not the
US$, it is control. It is that the Old-boys network in Brazil
Government/Industry, has been disturbed by the New-boys taking control of
high visibility sectors, Banking, telecommunications, energy.

Malan, Finance is criticized by the clique that wants the government to be
active in direct investment and support of big projects.
Complaints about BNDES (Brazilian development bank) lending to foreigners for
privatization (Recent AES incident)
Tourinho, Mines and Energy-- pushing a new privatization model -- sale of
stock at the market, not sale of control to a given company. This allows the
existing management to stay in place.
If it is the Secretary of Energy, Carraro, his big mission is to coordinate
the developement of emergengy thermal plants. Big Picture Governement Porgram
-- Petrobras provides that gas;  Eletrobras buys and remarkets the electric
energy;  BNDES provides the financing  --- All within the family.

Foreign companies will not play by the rules of the old network. Enron has
been actively complaining about the gas policy under Petrobras control.

The One Issue I would raise is the lack of competition in the gas sector.
Petrobras control of the BBPL and national gas. There cannot be true
competition in the energy sector because the marginal power plants, price
setters, gas power plants.

As a note, there was a commitment with the World Bank to sell the part of 51%
control of the Brazilian part of the BBPL pipeline. What Petrobras is doing
is locking-up the capacity long term, and building a second pipeline.

Of equal importance is our meeting with the Sao Paulo Governor.  What issues
do we have or what do you want me to say to him regarding our assets in this
area.  Even if it's to compliment on something, that's fine.

JB.- The State of Sao Paulo, Mario Covas team are to be congratulated by the
skillful manner that they have conducted the gradual privatization of energy
sector.  Covas is very influential. His current battle deals with tax reforms
in Brazil. He is fighting a system of tax-preferences in other states to
attract industries, which ultimately creates a Federal burden and
consequently a Sao Paulo burden.

The Petrobras control issue of the gas sector should have resonance.

I assume we have no key issues in Chile at this time.

JB.- There may be some but I a blissfully unaware of them. I would be
interested on what you pick up

Thanks.

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
02/15/2000 01:45 PM ---------------------------

Denise M Macedo
02/15/2000 06:50 AM
To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Gazeta Mercantil - Terry Thorn

Hi guys,

1. Gostaria de saber se esta declara??o faz parte de um projeto consciente da
Enron em enfrentar a Petrobr?s ou se foi um descuido do porta-voz.

2. Caso a imprensa nos procure para repercutir tal declara??o que, suponho,
vai gerar umarea??o extremamente negativada Petrobr?s, existe alguma
estrat,gia,
 key messages, etc?

Vocs pretendem falar sobre o assunto? O que ser? dito???Thanks??Denise???04. GAZETA: Energia , o alvo dos empres?rios americanos??BRAS?LIA, 15 de fevereiro de 2000 - Empres?rios norte-americanos que ?acompanharam o secret?rio de Com,rcio, William Daley, destacaram o setor de ?energia ?no Brasil como a principal ?rea para investimentos no Pa?s. Segundo o ?vice-presidente da Enron, Terrence Thorn, por,m, 'o monop?lio exercido pela ?Petrobras? tem que acabar para que o setor se desenvolva. Todos devem competir, ?inclusive a estatal'.?Um dos obst?culos ,, de acordo com ele, 'a sombra que a Petrobras faz sobre o ?mercado de energia no Brasil'. O executivo norte-americano lembra que a ?decis?o do governo brasileiro de estabelecer um pre?o ?nico para o g?s ?natural em todo o pa?s , um claro exemplo de medidas que devem ter seus dias ?contados. 'Ficamos confusos ao saber de tal decis?o'. Terrence Thorn acredita ?que um monop?lio estatal pode ser negativo . concorrncia e que a
privatiza??o
da Petrobras ter? que ocorrer um dia.
Para ele, o processo de privatiza??o de energia no Brasil vem sendo conduzido
de forma eficaz, 'mas o Pa?s ainda n?o concluiu o projeto de desregulamenta??o
 (liberalizar o pre?o do g?s natural, por exemplo) e h? muito trabalho pela
frente'. Segundo Thorn, as empresas estrangeiras de energia podem oferecer
servi?os
 inovadores para o setor.
'O problema , que o mercado n?o est? preparado'. Ele defende que as novas
fases da desregulamenta??o do setor energ,tico no Pa?s sejam debatidas por
toda
a sociedade.
O interesse dos norte-americanos pelo setor p"de ser visto na pr?pria
composi??o da miss?o de empres?rios ao Brasil. Das 20 empresas que viajaram
com
 Daley, dez eram do setor de energia. O representante da Agncia de ?Desenvolvimento e Com,rcio dos Estados Unidos (USTR), Albert Angulo, ainda ?informou? que o ?rg?o est? analisando cinco oportunidades de investimentos dos EUA no ?mercado de energia do Brasil. 'Realizamos estudos de viabilidade para que? empresa venham ao Pa?s, mas o certo , que uma maior desregulamenta??o do ?setor energ,tico seria muito positivo para as empresas norte-americanas', diz.?A vice-presidente da empresa Energy Conversion Devices, Nancy Bacon, defende ?que o governo brasileiro deixe de gastar recursos com a gera??o de energia ?em locais distantes e passe a comprar tecnologias alternativas dos ?norte-americanos. 'Para locais de dif?cil acesso, como a Amaz"nia, a ?tecnologia de fotoc,lulas? , a grande solu??o para suprir o d,ficit energ,tico do Brasil'. (Gazeta ?Mercantil/P?gina A4) (Jamil Chade)????????????


CALENDAR ENTRY:	APPOINTMENT

Description:
	Kathy's b-day dinner @ Buca di Bepo (59 & Buffalo Speedway)

Date:		12/4/2000
Time:		7:00 PM - 10:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


FYI.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/09/2000 04:05
PM ---------------------------

"Raper, Stephen" <RAPER@ci.rocky-mount.nc.us> on 08/07/2000 01:28:37 PM
To: "'ozzie.pagan@enron.com'" <ozzie.pagan@enron.com>, "'Kay.Mann@enron.com'"
<Kay.Mann@enron.com>, "'Heather.Kroll@enron.com'" <Heather.Kroll@enron.com>,
"'jhodge@enron.com'" <jhodge@enron.com>
cc: "'jep rose'" <jrose@poynerspruill.com>, "Sherk, Bill"
<SHERK@ci.rocky-mount.nc.us>, "Nixon, Nancy M."
<NIXONN@ci.rocky-mount.nc.us>, "'joe durham'" <joed@co.edgecombe.nc.us>

Subject: FW: Enron schedules

attached are two possible schedules/timelines for annexation and rezoning.
let me know your preference and/or any new ideas or alternatives for the
property in edgecombe county for the peaking plant

steve raper

> -----Original Message-----
> From: Nixon, Nancy M.
> Sent: Monday, August 07, 2000 12:17 PM
> To: Raper, Stephen
> Subject: Enron schedules
>
>  <<Zoning Notes & schedules.doc>>

 - Zoning Notes & schedules.doc


Access to the Internet and Intranet is currently being affected, throughout Enron. Global Infrastructure is working to alleviate the issue. There is currently no estimated time of completion.

You may be effected in the following manner:
?	slow access to internet
?	no access to internet
?	slow access to intranet
?	no access to intranet

Further updates will be provided


susana byers
408 West 34th Street 3B
NY, NY 10001
susanabyers@nyc.rr.com

To Mr. Ken Lay,

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

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

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

Sincerely,

susana byers


Andy,

I am sending you a draft oof a proposal regarding national forum for top
finance practitioners and
academics. The idea came from a professor at Rice University who
has already received a commitment from a number
of most distinguished CFOs.

Please, read the outline and see if you would be interested in joining this
forum.
I shall be glad to help to arrange  a meeting with Prof. Ikenberry.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/05/2001
10:22 AM ---------------------------

David Ikenberry <daveike@rice.edu> on 02/02/2001 06:10:02 PM
To: "vkamins@ennron.com" <vkamins@enron.com>
cc:
Subject:

It was great talking with you.

Dave
 - brochure.doc

***********************************
Prof. David Ikenberry
Jones Graduate School of Management
Rice University
713-348-5385


Jeff Shankman (COO of Enron Global Markets) is interested in going and would
like to see the schedule.  I told him you would send it to him.  Jeff can
also help us get our message across on the problems in California's power
markets (Dasovich can fill you in).  Also John ( Woody) Wodraska, managing
director of Azurix is interested in attending.  Please get in touch with
him.  I haven't heard from Stan yet.

Susan M Landwehr
08/07/2000 10:26 PM
To: Richard Shapiro/HOU/EES@EES
cc: Elizabeth Linnell/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Joe
Hillings/Corp/Enron@Enron, Carolyn Cooney/Corp/Enron@Enron
Subject: executives

Rick--just a reminder that I am not aware of anyone from the executive ranks
that are interested in attending the democrat convention at this point.  I
believe that you and Steve Kean had asked the question about both conventions
to those folks, but I wanted to make sure that we had covered the bases.
Stan Horton is the president of INGAA this year, and they are having an event
on Sunday the 13th, but I have not been made aware of whether he will be
attending and whether he would be interested in partcipating in any of
Enron's other events.


Brandon-  I talked to the Human Resource rep. They told me if the head of gas
control can find something for you to do we could
 bring you on. The head of gas control, Patty Sullivan, has been out all week
so hopefully I should know something next week.


This Term Sheet does not create and is not intended to create a binding and
enforceable contract between the parties and may not be relied upon by either
party as the basis for a contract by estoppel or otherwise, but rather
evidences a non-binding expression of a good faith understanding to endeavor,
without obligation, to negotiate mutually agreeable definitive agreements.


Paul:  There is already a definition of "Liabilities" in the hedge fund
template.  We will enhance the existing definition to add the last phrase
"...as would ...GAAP" and delete the "Liabilities" portion from your NAV
definition.

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

	Paul Radous/ENRON@enronXgate
	04/25/2001 04:14 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Net Asset Value

"Net Asset Value" means as of the relevant time of determination, an amount
(expressed in United States Dollars) equal to the sum of Party B's Assets
minus Liabilities.  "Assets" means all assets and "Liabilities" means all
liabilities, as would generally be classified as such in accordance with
generally accepted accounting principles.


Have I told you how wonderful you are?  I actually the Gas Daily prices for
every day.  If you could just enter them in Column S I would be so gratefull.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
10:23 AM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Kirstee Hewitt                           03/28/2001 12:41 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Viacheslav Danilov/LON/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT
Subject: VaR doc - London

Hi Vince,
As we discussed last week here is the VaR doc that I had originally started
at Xmas and has since been expanded with Stig's and Tanya's help.

We  would be very grateful for your comments.
Cheers
Kirstee


I'm out of the office until around 1000 cst, but I'll call.  In the
meanwhile, please have the draft revised to reflect this payment arrangement.

This stuff is going fast and furious, and an executed ESA contract will be
required for ESA closing their financing on the 13th.  That's why it is first
in line.  We will need to start on a facility agreement for a project known
as the Fountain Valley project (aka PSCO).  Also, I'm going to try to get ABB
focused on doing their facility agreements.

I've asked the commercial team to prepare an update spread sheet for the
turbines to confirm the payment terms.  I hope to have it this am.

What is your direct line?

Kay

"Thompson, Peter J." <peterthompson@akllp.com> on 12/08/2000 07:41:31 AM
To: <Kay.Mann@enron.com>
cc:

Subject: RE: ESA facility agreement - close to execution version

Could you call me.  This is the first I've heard of the 25% of Change
Order 3 being added to the January payment.  That is NOT reflected in
the last draft that was sent out.  I had included all of Change Order 3
into the January payment.  The only deal that I was aware of where ENA
was doing the 75/25 split was the CA Energy Agreements.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Thursday, December 07, 2000 5:42 PM
To: Thompson, Peter J.; Cobb, Chris; lee.johnson@ss.ps.ge.com;
kent.shoemaker@ae.ge.com
Cc: Cheryl.Lipshutz@enron.com; Roseann.Engeldorf@enron.com;
Brett.R.Wiggs@enron.com; Ben.Jacoby@enron.com; Taylor, Rob
Subject: ESA facility agreement - close to execution version

The first facility agreement which needs to be finished is the ESA
Facility
Agreement.  Peter and/or Chris, could you please send/re-send the most
recent version with a email stating any open issues, copying everyone on
this email.  We need to get this one ready to sign tomorrow, if at all
possible.

My understanding of the commercial deal is that the scope should include
change order #3, with 75% of the value of change order #3 payable on or
before Dec. 27, 2000, and 25% of change order #3 being added to the
January, 2000 payment.

Kent/Lee, sorry I didn't mention this in our phone call this afternoon.
That's what happens when I'm not working from my list.

Thanks,

Kay


Renee,

How are things going?  I ran into Jennifer Minnis at a GISB meeting.  She
said that you are not doing Broadband anymore.  What are you doing?  When she
told me that, it was apparent to me that I have not talked to you in a
while.

Stacy


Did you know......The Royster Clark Nitrogen facility was originally built and constructed by Nicor Gas Company in an effort to stabilize pressure at the East Dubuque location of their system.  Royster Clark is currently listed as the largest industrial consumer of natural gas in Illinois, burning 30,000 MMBtu/d.

Quote of the Day:  There is no "I" in TEAMWORK.


I'm getting ready to take Michael to the pediatrician, so it depends on how
long that takes.

I'll find the instructions and email them to you.

If I'm not on there but Kent is, could you let him know I really need to talk
to hiim?

Thanks

Kay

From: Sheila Tweed@ECT on 10/25/2000 09:47 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Roger Ondreko's Presentation on Marked to Market Accounting and
Other Accounting Issues of Interest to ENA Lawyers

Good Morning!  I would rather that we not change the time of the GE call
since I have Lisa, Dean and Ben sort of primed for it.  Will Scott and Rose
be joining you?  I don't think it will take more than 20 minutes.  Would you
please email me the dial in instructions and let me know whether you will be
on the call?


I will keep you posted on time and location for the meeting on the 11th.  If you join us for discussions on VP's, we will review Brent Price, Bob Hall, Peggy Hedstrom and Beth Apollo.  If you want to sit in on review of senior directors, that would pick up Leslie Reeves, James Scribner, Brenda Herod, Kevin Sweeney and Sheila Glover.  --Sally

 -----Original Message-----
From: 	Piper, Greg
Sent:	Monday, April  30, 2001 8:11 AM
To:	Beck, Sally
Subject:	RE: Operations PRC Meeting

I would love to hear more about the people who work for you.  However, I don't want to disrupt.

Have it put on my calender and I can come to it when you are getting ready to do VPs.

Your thoughts?

GP

 -----Original Message-----
From: 	Beck, Sally
Sent:	Tuesday, April 24, 2001 7:22 PM
To:	Piper, Greg
Cc:	Spiller, Tina; Thompson, Patti
Subject:	Operations PRC Meeting

Monday, June 11 has been set as the date for my operations PRC meeting.  At this meeting we will briefly review the results from numerous smaller PRC meetings that will have been held by my team during the week of June 4.  On June 11, we will give a cursory review to the results from the smaller PRC meetings from analysts through manager.  Our primary goal will be to make sure that the appropriate distribution has been met, and that we are aware of the individuals that are 1's and 5's.    The main focus of the meeting will be to cross calibrate directors, senior directors and VP's across the operations organization and the teams that support EA, EGM and EIM.  (We are still debating if and how we cross calibrate with the London operations team)

You mentioned today that you might like to attend this meeting.  I wanted you to have the date so that you could put this on your calendar.

My team is also included in a funtional PRC meeting that is held by Rick Causey.  In that meeting we review director level and above.  Rick has not set the date for that meeting.


Dear SAMANTHA,

Your enrollment status has been changed from 'Wait Listed' to
'Removed from course' for the following course:

Course Title    : Understanding Swaps
Course Code     : USWAPS-121301
Course Type     : Instructor Led Course

Starting Date   : Dec 13, 2001 8:00 AM
Ending Date     : Dec 14, 2001 5:00 PM

Thank you.


You are clearly the quintessential malapropist. I won't even try to compete
in that category. Especially not at the end of a long day. Of staring. At
this computer screen. And studying tiny little. Numbers. This is the source
of my insanity. This is no question of my money or my life. It's neither. I
think it's time to partake in some of the mind-numbing activities that office
workers regularly use to gain the strenth to face another day (running), or
forget that another day is coming (drinking). I've got at least half an hour
to decide.....

K

DaveHarkin@aol.com on 03/19/2001 06:02:24 PM
To: kate.symes@enron.com
cc:

Subject: Intelligentality and remorsification

Kate-
(To be slowly read aloud...orated...vociferized)

It is oblivious to me that your chronomologic attritionabutes are
astoundishing.  Supposably, by measuring our intelliphonics against one
another, we have unrecovered a plethorica of potension.  Congratulations on
your victory. You truly are the epitomount of unrequenched passion when it
comes to academica and the pursuant of bettermentality.
Dave


Calpine was going to take assignment of a contract with LCRA and backed out
on the agreement.  We can talk about it more when I am in Portland on Tuesday
and Wednesday.  Take care.

Mark


Nedney 6
Seder  1

Need 1

Denver D 11


Iris,

We can invite you for an interview to Houston.

What would be a  the time  for you?

Vince

iris.mack@bnpparibas.com on 05/25/2000 11:32:04 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re[4]: Greetings from London (to Enron)

Hi,

     Thank you for your prompt response.  I am interested in any contacts you
may have in your rolodex.

     Also, I would be opened to talk to Enron as well.  Please let me know
more
details.

Kind regards,
Iris

Internet

From:     Vince.J.Kaminski@enron.com on 25/05/2000 16:19 GMT

To:  Iris MACK

cc:  Vince.J.Kaminski, Stinson.Gibner, Grant.Masson, Pinnamaneni.Krishnarao,
     Vasant.Shanbhogue

bcc:

Subject: Re: Re[2]: Greetings from London (to Enron)

Iris,

I shall go through my Rolodex and try to find some good leads for you. I left
investment banking 8 years ago and this field changes very fast.

Alternatively, would you be interested in a company like Enron
or another energy company in Houston?

Please, let me know.

Vince

iris.mack@bnpparibas.com on 05/25/2000 09:20:01 AM

To:   Vince.J.Kaminski@enron.com
cc:
Subject:  Re[2]: Greetings from London (to Enron)

Hi,

     How are you?  Thank you kindly for your email.  Sorry I have not
responded
sooner.

     Currently I am working in Derivatives Structured Products and Risk
Management at BNP Paribas in London.  Although I currently enjoy living and
working in London, I may need to return to the states - because of my mother's
failing health.

     Do you know of any good contacts at investment banks that I may forward
my
details to?

     For your information, I have attached my CV.  (Please see attached file:
Iris Marie Mack.doc).

     Thank you in advance for your time and consideration.

Kind regards,
Iris Mack

44 (0)20  7595 8665 (work)
44 (0)20  7229 9986 (home)

(See attached file: Iris Marie Mack.doc)

Internet

From:     Vince.J.Kaminski@enron.com on 04/04/2000 15:03 GMT

To:  Iris MACK

cc:  Vince.J.Kaminski

bcc:

Subject: Re: Greetings from London (to Enron)

Iris,

Please, feel free to give me a call when you have a few minutes.
I shall be glad to chat with you.

Vince

iris.mack@paribas.com on 03/30/2000 02:24:27 AM

To:   vkamins@enron.com
cc:   denis.autier@paribas.com
Subject:  Greetings from London (to Enron)

Dear Dr. Kaminski,

     How are you?  It was nice to meet you at the Real Options conference
in
NYC.

     I was intrigued by some of the comments in your conference talk.  In
particular, by your use of real options to hedge financial options.  This
is
something I am interested in as well.

     When you have some time, could we chat about this topic in a bit more
detail?

     Thanks for your time and consideration.  Hope to hear from you soon.

Regards,
Iris Mack

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

This message is confidential; its contents do not constitute a
commitment by BNP Paribas Group* except where provided
for in a written agreement between you and BNP Paribas Group*.
Any unauthorised disclosure, use or dissemination, either
whole or partial, is prohibited. If you are not the intended
recipient of the message, please notify the sender immediately.
*BNP Paribas Group  is a trading name of BNP SA and Paribas SA

Ce message est confidentiel; son contenu ne represente en
aucun cas un engagement de la part du groupe BNP Paribas*
sous reserve de tout accord conclu par ecrit entre vous et le
groupe BNP Paribas*. Toute publication, utilisation ou diffusion,
meme partielle, doit etre autorisee prealablement. Si vous n'etes
pas destinataire de ce message, merci d'en avertir immediatement
l'expediteur.
*Le groupe BNP Paribas est le nom commercial utilise par BNP SA et Paribas
SA

(See attached file: Iris Marie Mack.doc)

 - Iris Marie Mack.doc


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/08/2001 01:39 PM
---------------------------

Lester Rawson
01/08/2001 10:47 AM
To: Greg Wolfe/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Diana
Scholtes/HOU/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark Fischer/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Michael M
Driscoll/PDX/ECT@ECT, Bill Williams III/PDX/ECT@ECT
cc: Mary Hain/HOU/ECT@ECT
Subject: Losses using PacifiCorp Transmission

Brian McCellan from PacifiCorp Transmission called this morning to let me
know that as of 1/1/2001 that Pac has begun charging for losses for
transmission schedules using Non-Firm and Short Term transmission service.
The losses will be .045 percent of the schedule. Pac offers the option of
either settling losses financially or physically.

The consensus is that Enron will settle losses financially using a index
price, that Pac will supply, based on the Mid-Columbia, COB,4C and PV
indexes.

Currently Mary Hain has the official declaration form showing Enron is
selecting financial settlements vs. physical. Until Mary returns and has the
declaration executed I have notified Brain that Enron will settle losses
financially.

Regards,

Les Rawson


Pardon my typing skills on a little Blackberry.  I meant to say in my prior email response : We can consider this IN a final version for Jose to send to the BOT.
Charles Yeung


The issue is getting an assignment agreement that GE will sign.  I've
requested copies of the docs signed on the Pastoria deal, which is the most
recent GE frame assignment transaction.  That should be our starting point.

Kay

	From:  Chris Booth                           04/02/2001 03:28 PM

To: Kay Mann/Corp/Enron@Enron
cc: Ben Jacoby/HOU/ECT@ECT

Subject: Montana Power

Kay,

Once we sign the exclusivity agreement, I would like to get MPC a draft of
the Assignment document for their review.  How long will it take to have a
version ready for MPC.

Thanks,

Chris


Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ."  This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE.  Enron is considering whether to appeal the NYSE's decision.

The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com.  Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period.  Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets."


I'm sure you were excited to see this email.  You get to reroll the whole
year...again!!!  Have fun with that entry.

Robin

Kenny J Soignet
06/02/2000 01:46 PM
To: Jim Schwieger/HOU/ECT@ECT, Kenny J Soignet/HOU/ECT@ECT, Rita
Wynne/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Becky Pitre/HOU/ECT@ECT,
Shannon Carmichael/HOU/ECT@ECT, Robin Rodrigue/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Fred Boas/HOU/ECT@ECT, Howard
B Camp/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT
cc:
Subject: Bammel PMA's

These are revised schedules for Jan, Mar, &  Apr 2000 and the estimate
(scheduled) volumes for May.
The prices were revised to capture Texas General storage revenue (fuel
retention) in Jan, Mar, & Apr.  The fuel volumes are shown as a zero buy
price for the storage book.
The April also has volume true-ups due to actual metered volumes. (Schedule
6).  Another adjustment was made in April to true up the cumulative facility
balance, (4,295 mmbtu).

Thanks,
Kenny


Shell has made the following adjustment:  1581 = 10M; 1095 = 45.  Net volume
is still 90M


Ed,

I shall be available on both days. What about Wednesday,
July 12, between 1:30 and 4:00. Please, let me know
what time would work for you.

It will be nice to see you again.

Vince

P.S. By the way, did you have a chance to take a look at the EOL?

"Edward Krapels" <ekrapels@esaibos.com> on 06/28/2000 02:49:41 PM
Please respond to ekrapels@esaibos.com
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Next visit to Houston

Dear Vince,

I will be returning to Houston during the  week of July 10.

ESAI and Weather Services International have launched -- after more than 18
months of R&D --  our service, called Energycast Power Trader and Energycast
Gas Trader, for power traders in Nepool and PJM. I would be happy to review
the service with you as well as take you on a tour of our web site. Are you
available on July 12 - 13?

Sincerely,

Ed Krapels

 - 61900_WSIESAI_Energycast.doc


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 04/27/2001
01:41 PM ---------------------------
From: Melba Lozano/ENRON@enronXgate on 04/23/2001 11:25 AM
To: Tori Kuykendall/HOU/ECT@ECT
cc:
Subject: RE: ep blanco avg

Tori,

What we'll have to do is to move those products which are in the restricted
product types to the regular product types.  Then I will set the restricted
product types to archived. We will need to coordinate as to when you want to
do this.

Thanks,

Melba
58986

 -----Original Message-----
From:  Kuykendall, Tori
Sent: Friday, April 20, 2001 8:20 AM
To: Melba Lozano/HOU/ECT@ENRON
Subject: ep blanco avg

hey melba -- guess what -- we have come to the point where we no longer need
to make blanco a restricted product.  can we go ahead and change these ep
blanco avg products - both the fixed and index - back to normal unrestricted
products?  let me know...


Everyone,

We are trying to plan a going away luncheon for Alice on Tuesday, November 27th and it would be helpful if each of you could tell me whether or not you would be able to attend.  As soon as I get a head count I will let you know the time and place.

Thanks,
Genia


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
09:23 AM ---------------------------

Vince J Kaminski
12/01/2000 08:21 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: FYI

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/01/2000
08:22 AM ---------------------------

Vince J Kaminski
12/01/2000 08:20 AM
To: Mike A Roberts/HOU/ECT@ECT
cc:
Subject: FYI


I'll be in town, though i'm going to the "leading edge" deal at haas on sat.
morning.  home number is 415.621.8317.


-----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of Charla Stuart- (Director of Community Relations)@ENRON
Sent:	Sunday, June 10, 2001 5:36 PM
To:	All Enron Houston@ENRON
Subject:	OPEN ENROLLMENT FOR ENRON KIDS' CENTER IS UNDERWAY!!!

TO:		All Eligible Enron Employees in Houston

FROM:	Charla Stuart

DATE:		Monday, June 11, 2001

RE:		OPEN ENROLLMENT FOR ENRON KIDS' CENTER IS UNDERWAY!!!

OPEN ENROLLMENT FOR ENRON KIDS' CENTER IS UNDERWAY!!!

Want to be closer to your child during the workday?  Want to read to them at lunchtime or just give them a hug?  Then consider enrolling your child in the Enron Kids' Center.

Enron Kids' Center child care facility is currently under construction and will be located on Louisiana Street, across from our corporate headquarters in Houston. Enron is partnering with Knowledge Beginnings, one of the leaders in the child care industry, to provide high quality, conveniently located, customer service-oriented childcare for Enron employees in Houston.

Anticipated opening date:	September 2001

Hours of operation:		The center will be open Monday through Friday from 7:00 AM - 6:30 PM. The center will be closed on all Enron holidays. In addition, special "parents' night out" care will be offered for occasions such as holiday shopping and night out at the movies for an additional fee.

Complete meal service:	Your child's breakfast, lunch and two snacks are included in tuition. Infants will need to bring their own food until they are ready for "table food".

Eligibility:			Regular full-time or part-time Enron employees who are the parents or legal guardians of the child or children named on the application are eligible to enroll their children in the center.  Temporary employees, contract workers and non-custodial parents are not eligible to enroll their children in the child development center.

Contact Information:		Visit http://enronkids.enron.com to learn more about Enron Kids' Center or contact Knowledge
				Beginnings at 1-877-CHILDHOOD (between 8:00 am -5:00 p.m. PST).


You're correct, Enron doesn't get too involved in these conventions.  I don't
know
why.  It seems that some of the desks have some functions but mine never
does.   My desk
seems to be pretty apathetic (probably not a good thing).  I think we've
relied, more than
any of our other desks, on the financial and e-commerce sides of the
business.  Probably
not a great thing.  Anyway, lets get together for a cocktail or dinner
sometime within the
next month.  Did you guys move to the Galleria location yet.  Let me know -
we'll go get
a big steak at Morton's or Ruths' Chris.  I assume a country boy like you is
into some
good red meat.

KR


Martin:

How are things going?

In response to your question, there is no internal memo but we do have copies
of external lawfirm memoranda.  Yes, ENA has changed its ISDA Schedule form
to provide for the "eligible contract participant" rep and line of business.
I'll verify with Susan Bailey as to whether these changes have been subnitted
to ECTRIC.

Rather than bombard you with lots of paper, please let me know what you would
lilke to see regarding the new legislation.  Please note that the act is very
broad, extremely confusing (even to CFTC "know-it alls") and addresses many
types of derivatives (ag, equity, etc.) with some specificity.

Will you be in San Antonio?

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

	Martin Rosell
	03/27/2001 08:57 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Commodity Futures Modernization Act

Hi Sara

Can you shed any light on the issues below?

Martin
---------------------- Forwarded by Martin Rosell/OSL/ECT on 27/03/2001 16:56
---------------------------

Martin Rosell
18/03/2001 16:58
To: Elizabeth Sager/HOU/ECT@ECT
cc:

Subject: Commodity Futures Modernization Act

Elisabeth:

I read an article in a law magazine about the captioned Act and it was, among
other things, stated therein that CFTC under the Act had been deprived of its
jurisdiction over swaps (other than those related to agricultural products)
made by eligible contracts participants.  Since the Oslo office trades
through ECTRIC, I wonder whether this new piece of legislation has an impact
on our standard reps relating to the "trade options exemption" and as to the
parties being "eligible swap participants" (are they still required)?  Is
there any internal memo yet prepared on the Act and its implications?

Martin


Oil companies say North Slope gas pipeline too pricey
Associated Press Newswires

USA: U.S. Cash LPG-Market gains on NYMEX crude strength.
Reuters English News Service

UK: Enron ups online metals transaction sizes.
Reuters English News Service

INDIA: State-run Indian firms don't want Enron's assets.
Reuters English News Service

Poland may have large gas surplus, expert says
BBC Monitoring

India: Godbole panel submits report
The Hindu

The Hindu-Editorial: Muddying a quagmire
The Hindu
India: Talks on to solve Enron tangle
The Hindu

Power rates in some areas expected
BusinessWorld (Philippines)

Oil companies say North Slope gas pipeline too pricey

09/27/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

ANCHORAGE (AP) - Oil companies looking into the feasibility of building a natural gas pipeline from Alaska's North Slope to the Lower 48 say the project is too pricey.
A preliminary analysis of the proposed project by Exxon Mobil, BP and Phillips Petroleum shows that the pipeline project would not provide them with what they want; a 15 percent return on their money.
The project works out to a 10 percent to 11 percent rate of return.
"We see this as a very high risk project," Robbie Schilhab of Exxon Mobil told Gov. Tony Knowles' natural gas development team meeting this week in Anchorage.
Schilhab and Phillips Petroleum's Joe Marushack presented their preliminary conclusions at a task force meeting.
Whether the pipeline runs north through the Arctic Ocean to Canada's Mackenzie River delta or south along the Alaska Highway through Canada to the Lower 48, the answer is the same: for now, the project looks too expensive for Alaska's oil companies to undertake.
For both the northern Arctic route and the southern Alaska Highway route, the costs would be huge: $15.1 billion for the offshore route and $17.2 billion for the highway route.
"I think this could be made attractive to a number of investors," said Ken Thompson, a former oil company executive who sits on the governors' natural gas team. Thompson said that tax incentives, a lower return on investment and a higher value for liquid natural gas from the pipe would make the project a worthwhile investment.
If the oil companies are not interested, natural gas transportation companies such as Williams, El Paso or Enron might be, Thompson said.
Exxon, Phillips and BP are still refining their analysis of the project. But the two executives made clear that they consider the project a long shot both for its high costs and high risks.
Schilhab said that opportunity remained to make the project an attractive investment by cutting construction costs. The companies also want to streamline the permitting process to avoid delays.
The presentation dented but did not destroy the optimism of the governor's gas council.
"I don't like seeing the number. But it's a lot different from saying no way, no how, we're shutting our doors and going home," said Pat Pourchot, state commissioner of natural resources. Pourchot said that the producers' position underlined the need for incentives like federal tax breaks similar to those being proposed by the Knowles administration.
Exxon, BP and Phillips are split on the incentives. To address the risk of low prices, Phillips wants a tax credit if prices fall below a certain level. BP and Exxon say they want a project that is viable without tax breaks.
Federal legislation is slated for consideration next week in Washington, D.C.

USA: U.S. Cash LPG-Market gains on NYMEX crude strength.

09/27/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Sept 27 (Reuters) - U.S. cash propane prices gained early Thursday, and boosted other liquefied petroleum gas (LPG) prices tracking an uptick in crude oil futures on the New York Mercantile Exchange (NYMEX), traders said.
Propane gained 1.75 cents to trade at 38.75 cents a gallon in Mont Belvieu, Texas and 1.00 cent to trade at 43.25 cents a gallon in Conway, Kansas, players said.
Midday, the NYMEX November crude oil contract traded 33 cents higher at $22.71 a barrel on short-covering and technical trade, after a seven-day slide that halted Wednesday.
November natural gas futures lost 2.80 cents to be bid at $2.25 per million British thermal units (mmBtu) after bearish inventory data was released on Wednesday.
Ethanes were steady, with no deals heard on mix in either hub, and purity trading steady at 23.75 cents a gallon in Belvieu.
Trade on the heavies remained thin.
Natural gasoline traded 2.00 cents higher in Belvieu with Enron barrels at 51.00 cents a gallon. Conway product talked at 63.00/67.00 cents a gallon, players said.
Normal butane traded at 47.00 cents a gallon in Belvieu and at 39.38 cents a gallon in Conway compared to no confirmed deals on Wednesday, dealers said.
Isobutane traded at 47.00 cents a gallon in Belvieu, while Conway product was offered 0.50 cent higher at 44.25 cents a gallon, traders said.
- ((Soo Youn, New York Energy Desk, 646-223-6057, soo.youn@reuters.com)).

UK: Enron ups online metals transaction sizes.

09/27/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, Sept 27 (Reuters) - Commodities trader Enron has amended its internet trading platform EnronOnline (www.enrononline.com) to allow some users to increase the size of metals transactions.
For selected clients, Enron is now making markets in three months copper and aluminium for maximum 200-lot transactions, compared with the standard 20-lot markets on the system.
For the larger-volume deals Enron is quoting a wider $4 bid-ask spread rather than the standard $2 spread.
Joe Gold, president of Enron Metals, said, "The 200-lot market was developed because a number of people asked us to put something of a larger size on there."
He said the 200-lot market was open to a restricted number of users, but was not focused on any one particular section of the market.
"People who like large lots tend to be big producers, some of the funds, and so on. They're people who have a commercial relationship with us already," he said.
Traders said the increased transaction size could give Enron an added edge when competing for fund business.
"It's a big step up in liquidity. If I was them my first call would be to the top 10 fund managers to say 'why don't you stop messing around with phone calls and come to the screen where you can trade 200 lots at the click of a button?'" said one.
"Even if they don't manage to get these guys' business, they've raised the bar. Their other clients may have to conform to the Enron model, offering 200-lot deals and maybe a $3 spread if they want to beat Enron."
U.S.-based Enron Corp became a major player in the metals trade in May last year when it acquired MG plc, a leading independent international metals dealing firm in London which had previously absorbed fellow LME ring-dealers Rudolf Wolff & Co and Billiton Metals Ltd.
In July last year the company announced the first physical metals transaction on EnronOnline.
The system differs from the screen trading systems operated by the London Metal Exchange (LME) and UK-based metals and energy broker Spectron in that the trading platform is open to a broad range of users but Enron is the sole counter-party in each transaction.
Both the LME's LME Select and the Spectron trading platform enable trading between individual users, but limit membership to Category 1 (ring dealing) and Category 2 (associate broker clearing) members of the LME.

INDIA: State-run Indian firms don't want Enron's assets.

09/27/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, Sept 27 (Reuters) - Leading state-run firms have rejected proposals from financial institutions to acquire assets of U.S. energy firm Enron's Dabhol Power Co, officials said on Thursday.
Enron wants to sell its 65-percent stake in Dabhol Power Co which is embroiled in a payments dispute with a local utility.
Officials said some financial institutions had suggested National Thermal Power Corporation (NTPC), Oil and Natural Gas Corp and Gas Authority of India Ltd could buy the troubled Dabhol Power Co's assets.
NTPC Chairman C.P. Jain told reporters the company had written to the federal government that it was not interested in the project. "We don't think it is a commercially viable proposition for the organisation."
Officials said financial institutions had also proposed that ONGC and GAIL could buy the LNG import and regasification facilities of the Dabhol plant south of Bombay.
ONGC Chairman Subir Raha said ONGC was not interested. "Right now it is not on our table. We are not considering it," he told reporters.
Dabhol's first phase has a generating capacity of 740 MW. It has been idling since May when Maharashtra State Electricity Board (MSEB), its only customer, stopped buying power saying it was too costly and that Enron had violated a part of the contract.
Dabhol's second phase was 97 percent complete when further construction was stopped because of the dispute.
The first phase used naphtha as fuel, but the second phase, that will have a generating capacity of 1,444 MW, will use LNG as fuel.

Poland may have large gas surplus, expert says

09/27/2001
BBC Monitoring
Source: PAP news agency, Warsaw, in English 1443 gmt 27 Sep 01/BBC Monitoring/(c) BBC
ext of report in English by Polish news agency PAP
Warsaw, 27 September: Even in the most optimistic prognoses for gas consumption in Poland, there will be a large gas surplus due to contracts signed, Jaroslaw Astramowicz from Enron Poland Sp. z o.o. said on Thursday [27 September]. Astramowicz made the comment while taking part in a panel on diversification of gas supplies at the "oil and gas" trade fairs. According to Poland's energy policy, demand for gas will reach 18bn cubic metres annually in 2005, 20bn in 2010, 25bn in 2015, and almost 30bn cubic metres in 2020.
Astramowicz describes as "unlikely" the policy assumption that the electrical energy sector will be using 3.1-3.5 billion cubic metres per year by 2005. "The sector's level of gas consumption in 2005 will be considerably lower than that quoted in the government's programme, which means that in that sector alone there will be a huge surplus," Astramowicz says. He says the surplus could come to 2-2.5bn cubic metres.
"There will definitely be too much gas, and that gas will come from long-term contracts. Poland will have big problems paying for contracted gas within existing and signed contracts," he said.
Enron Poland trades in electrical energy and natural gas.

India: Godbole panel submits report
Our Special Correspondent

09/27/2001
The Hindu
Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd
MUMBAI, SEPT. 26. The Godbole Committee - appointed by Maharashtra to negotiate power tariff rates with Enron - has made sweeping recommendations with a view to bring down the rate to Rs. 2.25-2.40 per unit.
Since the Centre's counter-guarantee liability for the project is Rs. 2500 crores, New Delhi should raise the same amount by issuing bonds and lend it to the Maharashtra Government as an interest-free loan, the Committee has recommended.
The project should be exempted from paying custom duty on the import of the LNG and the machinery for handling the LNG and if Dabhol Power Corporation is not entitled to income tax concessions for 10 years, the facility should be extended to it. The Committee wants the shareholders to forgo 75 per cent value of their investment in the project and rescheduling of Dabhol's loans. Besides, efforts should be made to find an alternate investor to replace Enron.
Other recommendations include the separation of the fuel facility from the project, renegotiation of fuel supply and shipping and restructuring of the tariff.
The Maharashtra Chief Minister, Mr. Vilasrao Deshmukh, told reporters that the State Cabinet had taken note of the recommendations in its meeting today.
The Committee has stated that it was not necessary to negotiate with Enron since the power major had expressed a desire to quit the project. The Committee spoke to representatives of the electricity boards of Karnataka, Madhya Pradesh, Delhi, Rajasthan and Haryana to explore the possibility of selling the excess power to them, but found that these States could buy electricity to some extent if the tariff was brought down to Rs. 2.25-2.40. The power needs of these States is temporary.

The Hindu-Editorial: Muddying a quagmire

09/27/2001
The Hindu
Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd

ANY FAINT HOPES about the murky Dabhol Power Project crisis being sorted out by the contracting parties - the Enron Corporation, the Maharashtra State Electricity Board (MSEB), the State Government and the Centre which provided the sovereign guarantee in favour of Dabhol Power Company - now appear to have been ruined by the Maharashtra Government's resort to "the theatre of the absurd".
The decision of the Vilasrao Deshmukh Government to have a judicial probe into the entire Enron deal abinitio is not a mere exercise in evasion of the responsibility of the State Government to strive for a process of renegotiation of the contract perceived to be loaded against the virtually bankrupt MSEB (which is unable to pay for power purchased from the Dabhol Plant-Phase I); what is involved is a brazen blackmailing strategy through which the State Government perhaps hopes to drive the Enron Corporation down to its knees to settle for an exit course at a substantial discount on its equity stake, estimated at $1.2 billion. The Centre is not blissfully unaware that its own obligation as a surety for the State Government is now seen as an empty promise with all its pervasive adverse image of the country as an undependable and vulnerable investment destination.
The reported remark of the Union Minister for Power, Mr. Suresh Prabhu, that the new twist to the Enron tangle is "unfortunate" but that it would not affect foreign investments in the future, in the power sector in India, is indeed adding insult to injury.
The script, as it is unfolding in the Enron muddle, can leave nobody in doubt that from the very beginning the contract has had a large element of political manipulation driving it. The allegation that the Enron Corporation was able to manoeuvre itself into a power purchase agreement which was decidedly exhorbitant in power tariff owing to the "padding" of capital cost and the denomination of tariffs in U.S. dollar terms (apart from the use of naptha as feedstock) is said to have been corroborated by the Madhav Godbole Renegotiation Committee set up by the State Government. Assuming that a whole chain of bureaucratic scrutiny from the Power Ministry at the Centre down to the MSEB, over a four-year period, did not unravel the odious features of the Enron contract, how does it exonerate the MSEB, the State Government and the Centre now, from non-compliance with the contract in its different stages?
Political muck-raking, which is what is now being sought to be substituted by the Vilasrao Deshmukh Government (with the tacit approval of the Congress High Command) for an honourable modusvivendi on the Enron imbroglio, can never pass muster so long as the arbitration clause in the Enron contract cannot be wished away. It would indeed be a reckless misadventure for the Vajpayee Government to let the Maharashtra Government renege on the power purchase agreement with the Dabhol company and simply watch the disintegration of India's first-ever and much-vaunted mega power plant put up on the basis of foreign investment. Given the deplorable inadequacies in the power infrastructure in the country even after ten years of liberalisation and the demonstrated incapacity to add even 5000 MW of power generation capacity a year, it would be utter folly to abandon the Dabhol project without its full capacity of around 2000 MW being leveraged for the industrial advancement of the country.
Reports indicate that the U.S.-based Enron Corporation has expressed a desire to quit from the Dabhol project. The Indian financial institutions which have a substantial exposure to the capital cost of the project cannot afford to wait in supplication for some miracle to happen for the Dabhol project to stay afloat. It is no less a challenge to them as to the Vajpayee Government to find a way out of the morass. Let the project be revived as an earnest of India's commitment to development rather than be rubbished as a monument of political corruption.

India: Talks on to solve Enron tangle
Our Special Correspondent

09/27/2001
The Hindu
Fin. Times Info Ltd-Asia Africa Intel Wire. The Hindu Copyright (C) 2001 Kasturi & Sons Ltd. All Rights Res'd
NEW DELHI, SEPT. 26. Some serious behind-the-scene negotiations are on at the level of the Central Government to resolve the Enron tangle involving the Maharashtra State Electricity Board (MSEB) and the Enron-promoted Dabhol Power Company (DPC). A team of secretaries from the Ministries of Finance, Power, Law and Petroleum with the occasional inclusion of the Chief Secretary of Maharashtra, has been meeting frequently to explore ways to salvage project and to safeguard India's image as a favoured investment destination.
The core group has had a series of meetings not only with the two parties but also with financial institutions and other interested parties who might consider taking over the power project. However, top sources in the Power Ministry declined to give any details at this juncture, saying it would jeopardise the negotiations.
The Ministry has, however, not taken kindly to the letter by the Enron Corporation chairman, Mr. Kenneth Lay, to the Prime Minister, Mr. Atal Behari Vajpayee, in which he has been critical of the Central and State Governments. "Writing letters will not resolve the problem. If that were the case, the Indian Government too has much to say on the issue, but it would only complicate matters," sources in the Power Ministry said here today.
The Centre was playing the role of a facilitator and would soon find a solution to the problem as soon as possible, the sources said.

Power rates in some areas expected
Evangeline L. Moises

09/27/2001
BusinessWorld (Philippines)
Fin. Times Info Ltd-Asia Africa Intel Wire. BusinessWorld Copyright (C) 2001 All Rights Res'd
Power rates are likely to go up in the coming months as state-owned National Power Corp. (Napocor) tries to recover some P273.21 million in costs.
In one of the last orders it issued before it was dissolved, the defunct Energy Regulatory Board (ERB) - now known as the Energy Regulatory Commission - allowed Napocor to recuperate about P1.333 billion in uncollected charges covered by Fuel and Purchased Power Cost Adjustments (FPPCA) from March 1996 to December 2000.
But at the same time, ERB ordered Napocor to refund customers in Luzon and Mindanao some P1.060 billion in overcharges during the same period. This leaves Napocor to collect the P273.21- million difference.
FPPCA is an automatic pricing mechanism that allows Napocor to recover through rate hikes all additional costs arising from changes in fuel costs and the purchase price of power under Napocor contracts with independent power producers (IPPs).
The ERB order allows Napocor to collect about P1.271 billion from customers connected to the Cebu-Negros- Panay grid.
A big part of this amount covers uncollected adjustments from Napocor's contract with Philippine National Oil Co.-Energy Development Corp. for the operation of Leyte-Cebu and Leyte-Luzon geothermal plants.
Napocor is also expected to collect some P4.87 million in fuel price adjustments from customers connected to the Bohol grid. Most of Napocor's power plants in the area use diesel and bunker oil.
Napocor also stands to collect about P57.15 million from customers connected to the Leyte-Samar grid, as the Leyte-Luzon geothermal plant went on stream last year.
On the other hand, Napocor is expected to reimburse some P22.34 million to customers in the Luzon grid, and P1.03 billion to customers in the Mindanao grid.
"During the period March 1996 to December 31, 2000, there were also discrepancies in the purchased power cost adjustment due to the inclusion of two IPP contracts, namely Enron Subic 1 and Marcopper, which have already expired and the inclusion in the computation of the cost of operation and maintenance of several of its leasehold management contracts," ERB said.
The board also directed Napocor to submit a proposal on how to implement the order before finally billing or reimbursing its customers.
A Napocor official, who requested anonymity, told BusinessWorld in an interview yesterday that the firm may implement a uniform adjustment on all grids to recover the remaining P273 million.
The alternative is to either refund or collect from specific grids, in which case the rate adjustments will be gradual, the official said. Customers in the Cebu-Negros-Panay grid will bear the biggest rate adjustments.
At the same time, Napocor admitted that it cannot do a one-time refund of the entire P1.03 billion to customers in Mindanao given its financial condition.


Ashley --

First, hope you have great Thanksgiving Holiday.

Luiz Maurer and others put together the following set of questions for NG to potentially discuss at the upcoming meeting or earlier.  If you have any questions, please call me.

Also, Enron will sign on to a petition to for extension of time in the NG/ARTO case (not sure when this is due out).  Some other people were pushing it and with everything going on here at Enron we needed more time to respond.  Please don't take this as a signal that we can't continue to discuss and maybe help find a solution.

Thanks,

Jim

=============================

1) Profit-RTO - Where does your proposed organization fit in the attached graph in terms of end state ? Stage III? Stage IV?

2) Regarding document "Response of National Grid USA to questions posed by the Commission": Does it imply that core, for profit functions should not be subject to a stakeholder process? Wasn't the NETA design subject to an extensive
consultation, even for profit, NG core functions?

3) If each Transco manages it own OASIS, how can we avoid fragmentation (balkanization), pancaking and many other
negative aspects and seams that the RTO process is trying to eliminate? How can you achieve one-stop shopping? By outsourcing those functions to one single third party?

4) As a follow up question, what are the mechanisms to assure that this "potential" fragmentation may lead to underinvestments in T, particularly in important inter-tie investments?

5) What kind of PBR mechanism are you envisioning for the Transco-RTO? Are you thinking about including "external" measures such as cost to provide ancillary services, congestion costs or costs incurred in energy balancing?

6) Are you envisioning an RTO-Transco model which will assume that all transmission assets in the region will be divested? Or can the model live with a "light" RTO where part of the assets are divested but others are not (and sign an operating agreement with the RTO. Would your proposed Matrix of RTO Functions (page 9) still be robust under this scenario?

7) Can your proposed RTO model dovetail with an LMP/Congestion Management system based on financial rights? [Our understanding is that NETA completely reorganized the UK pool. The UK system now looks like a "self-dispatch" physical rights model]

8) As a follow up of the previous question: Assuming Alliance adopts a self-dispatch, physical rights approach similar to the one NG operates in the UK today. Don't you think that this will create significant barriers/seams with other neighboring RTOs, considering that there seems to be a general trend towards security constrained dispatch, LMP and financial rights for most RTOs in the US?

9) If your proposed system can be dovetailed to a central dispatch, LMP/financial rights, shouldn't some functions in your "Martix of RTO Functions" be collapsed? For example: management of congestion prices, calculation of congestion, operations of energy markets and generation redispatch?

10) Procurement and deployment of ancillary services is listed as non-core. However, in the UK system, this represents a significant role of the Transco, with incentives and penalties attached to its achievement. Is there a different vision or do you assume that those functions will end up being developed by the RTO and consequently will be part of the PBR formula?

11) Generation interconnection. Obviously, your proposal did not go that far. Conceptually, do you favor a system whereby T fixed costs are recovered via a postage stamp rate across an entire region or do you favor the UK model whereby fixed costs (use of the system) are calculated based on incremental cost and have a strong locational component (and connection costs are treates separately, according to a shallow method?

12) Establishment of transmission rates. How to reconcile the fact that those should be regulated and you propose that the Transco itself will establish its T rates? Are you thinking about some possible non-regulated activities?

13) You stated that separation and control of T assets persists, to a large extent, in the Collaborative Model proposed as part of the Southeast Mediation. Do you think that the Independent System Administration model is superior in this regard? What are the key important differences in your view in the conceptual design of those models


Datren,

I am forwarding your resume to our Analyst/Associate program.
I talked to them about my needs for the summer and I don't see any problem.
They should contact you shortly.

Vince Kaminski

Datren Williams <dwill25@bellsouth.net> on 02/05/2000 03:46:43 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: LSU visit (Resume)

Mr. Kaminski,

It was a pleasure and honor to have lunch with you. I also enjoyed your
presentation in our graduate class.  I hope you enjoyed your visit to
Baton Rouge. Come back to visit us sometime!!

Attached is my resume as you suggested.  Thank you for your interest in
LSU and me.

Sincerely,
Datren L. Williams

 - RESUME.doc


Thank you.

 -----Original Message-----
From: 	Cheung, Cecilia
Sent:	Tuesday, January 15, 2002 4:59 PM
To:	Keiser, Kam; Wong, Jeremy
Cc:	Valdes, John
Subject:	RE: new org regions

All regions have been created and changed in estermtp database.

Cecilia

 -----Original Message-----
From: 	Keiser, Kam
Sent:	Tuesday, January 15, 2002 9:24 AM
To:	Cheung, Cecilia; Wong, Jeremy
Cc:	Valdes, John
Subject:	new org regions

Can you please change the org regions for the attached books.

Thanks

Kam

 << File: Book Request Form  Financial final.xls >>  << File: Book Request Form Central final.xls >>  << File: Book Request Form East final.xls >>  << File: Book Request Form Texas final.xls >>  << File: Book Request Form West final.xls >>


---------------------- Forwarded by Gary Stevens-GL-1/PGI on 09/14/2001 09:42 AM
---------------------------

 Internet Mail Message
 Received from host:
 groupwise.mil.esu3.k12.ne.us [205.202.189.1]

From: "Linda Kisler" <LKisler@mpsomaha.org> on 09/13/2001 03:58 PM GMT

         "Linda Kisler"           To:   LAKESIDEBODY@aol.com,
 <LKisler@mpsomaha.org>        SBarn962@aol.com,
                               jerry.gondringer@bryanlgh.org,
                               slkisler@earthlink.net,
    09/13/2001 10:58 AM        ssimchuk@earthlink.net,
                               pwiseman@ix.netcom.com, Gary
                               Stevens-GL-1/PGI, mkswanson@uswest.net
                                  Cc:
                          Subject:      Fwd: Fw: Attack on America

See attachment

Received: from granger.mail.mindspring.net    by groupwise.mpsomaha.org; Thu, 13
Sep 2001 10:50:06 -0500
Received: from chergfeller (sdn-ar-001neomahP198.dialsprint.net
[168.191.171.110])  by granger.mail.mindspring.net (8.9.3/8.8.5) with SMTP id
LAA31362; Thu, 13 Sep 2001 11:26:05 -0400 (EDT)
Message-ID: <00c101c13c68$fbe2e1a0$6eabbfa8@chergfeller>
From: "CHER GFELLER" <cherm@ix.netcom.com>
To: "Ron Young" <kmyomaha@home.com>, "KIM WOOLERY" <kwoolery@ci.omaha.ne.us>,
"KIM WOLFE" <pcac@megavision.com>,        "MICHELLE WATSON"
<watsonm@tsainc.com>,        "HARVEY VIKEN" <hhvbandaidbandit@juno.com>,
"PATRICK TELLEY" <ptelley@ci.omaha.ne.us>,        "STEVE" <bighornypig@aol.com>,
"CURT & GERI STANLEY" <curt-geri@home.com>,        "GARY SKELTON"
<garys@zeemedicalinc.com>, "RZ & CZ" <czel2000@aol.com>,        "TRACY
REMMEREID" <tremmereid@yahoo.com>, <RELLIMB@aol.com>,        "ROB RASSMUSSEN"
<RobRas13@aol.com>,        "JOE POMERANZ" <JPomera255@aol.com>,        "LOU &
CAROLE" <babyjock@nntc.net>,        "LINDA KISLER"
<lkisler@millard.esu3.k12.ne.us>,        "SCOTT JORGENSEN" <sjorg@msn.com>,
"BOB JACOBS" <bob@personnelsafety.com>,        "BOB HARDIN"
<door.man@kconline.com>, "JOHN HAMM" <Jhamm12322@aol.com>,        "KRISTIN
GROFF" <KGroff@streck.com>,        "LEANNE EGGERS" <cleggers@gpcom.net>,
"JOYCE EDWARDS" <JOYCE.EDWARDS@worldnet.att.net>,        "GREG EASTER"
<greg@zeemedicalinc.com>,        "AL DOTHAGE" <dothage1@aol.com>, "MICK
D'AGOSTA" <megahub@aol.com>,        "LINDA CIOCHON-LICHTER" <lciochon@home.com>,
"RACHEL ANDERSEN" <randr1010@home.com>,        "Jody Adams-Forte"
<jody@zeemedicalinc.com>
Subject: Fw: Attack on America
Date: Thu, 13 Sep 2001 10:29:49 -0500
MIME-Version: 1.0
Content-Type: multipart/mixed;     boundary="
----=_NextPart_000_00BC_01C13C3F.046AD140"
X-Priority: 3
X-MSMail-Priority: Normal
X-Mailer: Microsoft Outlook Express 5.50.4522.1200
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4522.1200

----- Original Message -----
From: "Cher Gfeller" <cherm@ix.netcom.com>
To: "Cher Gfeller" <cherm@ix.netcom.com>
Sent: Wednesday, September 12, 2001 5:51 PM
Subject: Fw: Attack on America

>
> ----- Original Message -----
> From: "Boyce, Tracy A (Tracy)" <tboyce@avaya.com>
> To: "Kohls, Alberta Rohde (Alberta)" <akohls@avaya.com>; "Hatfield,
> Catherine Lynn (Catherine)" <clhatfield@avaya.com>; "Simpson, K Lorraine
> (Lorraine)" <klsimpson@avaya.com>; "Blackwell, Scott M (Scott)"
> <sblackwell@avaya.com>; "Wilde, Tara J (Tara)" <tjwilde@avaya.com>;
"Alisha
> Young" <alyoung@avaya.com>; "Brad" <RELLIMB@aol.com>; "Charla"
> <cshurter@hotmail.com>; "Cher" <cherm@ix.netcom.com>; "Dave Wieseler"
> <dgwieseler@lucent.com>; "Diane Nicholson" <drnicholson@avaya.com>;
"Donna"
> <dlcollins@qwest.net>; "Gary" <garyo@mail.clarkbros.com>; "Jason Reiff"
> <jreiff@avaya.com>; "John&Gretchen" <gfeller@prodigy.net>; "Mitchell"
> <acmitchell4@home.com>; "Paul Nicholson" <penicholson@avaya.com>; "Ricky
> Lamb" <rllamb@avaya.com>; "Robert Kuhr" <kuhr@avaya.com>; "Sherrie Mclain"
> <smclain@avaya.com>; "Steve" <rmsa1@uswest.net>; "Tammy Nickerson"
> <nickersont@avaya.com>; "Terry work" <I80partsterry@aol.com>
> Sent: Wednesday, September 12, 2001 2:08 PM
> Subject: FW: Attack on America
>
>
> So, So, sad.
>
>
> Subject: FW: Attack on America
>
>
> >
> >
> >
> >
> > How fast our self-involved little worlds can be exploded.....
> >
> >  <<attack.pps>>
> >
> >
> >
>
>

 - attack.pps


I received a call from Laura LaPera with PG&E scheduling.  She and two other schedulers
	will be in our office Wednesday moring, November 7th from 8:00 a.m. to 9:00 a.m. to
	meet all of you.

	Ava, would you please put a map together showing PG&E how to get from the Galleria
	area to the Enron Building.

	If you have any questions, please let me know.  Thanks. Lynn


Lisa-
Does this look familiar?  Scroll to the bottom.
---------------------- Forwarded by Dana Davis/HOU/ECT on 10/02/2000 02:23 PM
---------------------------

Hope Vargas
07/21/2000 11:15 AM
To: Dana Davis/HOU/ECT@ECT, Rufino Doroteo/HOU/ECT@ECT
cc:
Subject: Manual JE info for cutover weekend

Please use these forms. Save the files under Stfin/Acctng/1N2/jrnlenty.
---------------------- Forwarded by Hope Vargas/HOU/ECT on 07/21/2000 11:11
AM ---------------------------

Pam Becton
07/18/2000 06:04 PM
To: Hope Vargas/HOU/ECT@ECT, Stacy Hardy/Corp/Enron@ENRON, Stacey A
Aune/HOU/ECT@ECT, Stephen Thatcher/Corp/Enron@Enron, Karen
Gruesen/HOU/ECT@ECT, Karry Kendall/HOU/ECT@ECT, Amy Spoede/HOU/ECT@ECT, Terri
Harlan/HOU/ECT@ECT, Theresa R Kotrla/HOU/ECT@ECT, Dan
Houston/Corp/Enron@Enron, Kyle Gibson/NA/Enron@Enron, Troy
Klussmann/HOU/ECT@ECT, Jim Pond/Corp/Enron@Enron, Todd Warwick/HOU/ECT@ECT,
Patricia Bloom/HOU/ECT@ECT, Cheryl Dawes/CAL/ECT@ECT, Shiji
Varkey/Corp/Enron@ENRON, Patricia Shannon/HOU/ECT@ECT, Stephanie
Smith/HOU/ECT@ECT
cc: Cynthia Morrow/Corp/Enron@ENRON, Greg Whiting/Corp/Enron@ENRON
Subject: Manual JE info for cutover weekend

Attached is the template to be used for inputting manual FI and CS journal
entries for cutover weekend.  The template will be used for both June
Hyperion entries that were made and need to be input into SAP for June, as
well as for any manual entries that didn't get into June MSA or Hyperion but
need to be reflected in SAP for June (an example would be an intercompany
imbalance that didn't get corrected by June in Hyperion).  There are some
Hyperion entries that were made in June that shouldn't go into SAP, such as
entries that were made to record equity earnings in consolidated subs.  These
specific entries were made for tax reasons, but going forward, SAP will
record these entries automatically.  If you have any questions about whether
or not a Hyperion entry should be included in SAP, please contact me or Cindy
Morrow.

There will be a box in Cindy Morrow's office to drop off any entries that
need to be made.  We are requesting all manual entries converted from June
Hyperion entries to be dropped off no later than noon on Thursday.  This will
allow time for the SAP team to key in the entries prior to Saturday so the
data will be in SAP when we get to work on Saturday morning.  Please include
copies of the Hyperion entries and any other support with the SAP manual
entries.  For any other entries that need to be made this weekend, we are
requesting these to be dropped off as soon as possible after the Hyperion
entries are converted and complete.

I will be available the remainder of the week to assist anyone who needs help
converting Hyperion entries to SAP, or preparing an entry that hasn't been
reflected in either MSA or Hyperion as of June but you would like included in
SAP for June.  Please call me or email me to set up a time.

Let me know if you have any questions or concerns.

Pam
3-6595


The ALJ submits her report to FERC to obtain FERC review of the Southeast Power Grid platform that resulted from the mediation.

** JUDGE'S FINAL RECOMMENDATIONS:  FERC should consider adoption of Grid Model (the one Enron likes best) to fullest extent possible and that remaining unresolved issues be addressed through continued stakeholder process.  However, since complete consensus was not reached, FERC should provide its determination of which of the two models best meets FERC's expectations as a platform for the SE Power Grid RTO.  This should be done by FERC quickly.  There should be no further delay.  Regardless of the model, FERC should encourage the collaborative process.  She thinks that this should be done by the parties without FERC intervention except to the extent to respond to FERC orders. (I think FERC staff should be involved or it will get bogged down).  Parties should reconvene within 15 days after FERC's order adopting a model and the FERC order should direct the participants (like us) to submit a joint proposal within 45 days thereafter.  She recommends to FERC that parties be allowed to file comments to FERC within 20 days (however, she recommends against permitting reply comments since they may prove counterproductive to the collaborative nature of the mediation process.)  The Commission will then issue an order that can adopt her recommendations, may reject her recommendations, or change something.  I would expect that the Commission would adopt many of her recommendations, while allowing further mediated-type discussions on some issues (hopefully, FERC will adopt many of our suggested changes).  Judge McCartney then basically describes both proposals of the Grid Group and the Southern, etal. group, then provides the stakeholder participants' comments (almost verbatim from all submissions to her).  While she states that the process should keep moving quickly, she does not adopt any timeframes (we will comment that FERC should retain its Dec 02 Day 2 start date (for LMP/financial rights congestion model to be implemented).

The attachments below are her report, the Southern, etal proposal and the Grid pricing, congestion management, operating, and planning protocols (without any changes).  Clearly, our response FERC will include our proposed changes to the documents.  Highlights from her report below:

She recommends that SPP pursue an RTO coalition in the Midwest
She encourages FERC to continue to encourage and utilize a collaborative process which accommodates stakeholders and state utility commission input, regardless of the RTO platform ultimately adopted by FERC
Her opinion is that the "Grid (Entergy, GridSouth and GridFlorida utility sponsored) Model" (transco in RTO, LMP/financial rights congestion management) is better developed and more clearly in compliance with the requirements of Order No. 2000 based on a "best practices" analysis of other RTOs and Commission precedent.  This is good because Enron generally favors the Grid model. However, she does provide the Commission information on Southern, etal.'s proposal (independent system administrator--like National Grid-type) in her report, even though she has concerns that the Southern, etal model is not Order No. 2000 compliant.  The Southern, etal. model has a hybrid physical congestion management with day ahead balanced schedule requirements and LMP in real time (with penalties) and significant control area responsibilities.  The significant aspects of the Grid model are discussed below:
Grid Governance: RTO is a for profit transco with an independent board and an enhancement:  the Independent Market Administrator (IMA).  The IMA was added to facilitate public power participation (worried that transmission owner on top, even if divested from generation, would favor its transmission solutions over generation or other transmission solution).  The IMA would administer the markets; exercise operational authority over the transmission system; administer one OASIS (with one process for interconnection and transmission requests); and assume the Security Coordinator function.  She strongly encourages this split.
Good stakeholder advisory Committee (provides majority and minority views) and an independent Market Monitor to monitor the RTO and the markets
Allows for Independent Transmission Companies (Entergy wants to be one), with RTO oversight
Describes that control area operators will initially maintain their control areas for physical operation, such as switching transmission elements, pursuant to operating procedures approved by the RTO/IMA.  Recognizes that consolidation of control areas may occur as RTO matures.  (Protocols should be subject to further discussion)
RTO/transco has primary responsibility for tariff administration, including rate changes and tariff filings
All load under the rates, terms and conditions of OATT (GridSouth group has appealed this part of earlier Commission orders, and, thus, retains their rights should they win on appeal)
4 transmission pricing zones initially: Entergy, Southern, GridSouth, and GridFlorida.  Allows for participant funded, direct assigned, and merchant transmission.  Transmission rates to loads in RTO will be zonal (for existing facilities) and regional charge (for new facilities, other than those above).  There will be one "through and out rate", plus a Grid Management Charge for RTO operation.
Encourages conversion of existing transmission agreements to OATT
Financial Rights/LMP (includes "real time spot market") is clearly the preferred model and represents best practices model (from PJM and SPP) -- many details need to be worked out in continued discussions.  Model allows parties to transact bilaterally and provides financial congestion hedges (FCH).  Stakeholder process needs to be continued for FCH allocation, auction and non-discriminatory release.  The Grid model includes a "balancing resource" requirement that we will provide comments against
Will allow establishment of markets for ancillary services once they can be supported -- control area operators required to provide before such market establishment
RTO runs single OASIS and independently calculates ATC and TTC
RTO/transco is responsible for planning through a participatory stakeholder process
Numerous comments from marketers, IPPs on reduction of control area functions (all of our comments from last week's response are included)
Judge McCartney had numerous meetings with state commissioners.  (1) Many are still concerned that FERC had not conducted a "cost-benefit" analysis and had concerns over the costs.  She responds that extrapolation of costs to the entire SE RTO seems unwarranted because it ignores the "economies of scale" and initial reliance on existing control centers and infrastructure.  In any event, FERC could explore the feasibility of a rate setting process that would involve the state commissions. (2) concerned about cost shifting:  mediation team discussed phase in of rates that the Commission has allowed. (3) Concern that SE RTO would preempt state ability to approve asset transfers to RTO and want state retail customers to receive full value for assets.  (4) concern that SE RTO may prematurely put Southern states into retail open access (concerns with Cal.)  Judge encourages the Commission to utilize a collaborative process that includes input from state commissioners.

I think our message for any press discussions tomorrow should focus on the extremely beneficial aspects of the mediation and the significant "jump start" it gave to the SE RTO process due to the significant role played by Judge McCartney and her team on focusing the discussions.  Furthermore, the initial results after 45 days show the majority of participants favoring a "best practices" PJM/SPP cornerstone type real time spot energy market with LMP pricing and financial congestion hedges and an RTO with an independent board structure that accommodates a for-profit RTO entity with a significant stakeholder advisory process.  The Commission should consider utilize the fundamentals resulting from this mediation for other regions, or, at a minimum, consider similar mediated "jump starts."

 -----Original Message-----
From: Bobbie McCartney [mailto:bobbie.mccartney@ferc.fed.us]
Sent: Monday, September 10, 2001 4:05 PM
To: mddesselle@aep.com; john.a.cohen@bakernet.com; mcrosswh@balch.com; dex@bbrslaw.com; FHR@bbrslaw.com; fochsenhirt@bbrslaw.com; mrossi@bdrnet.com; jlphillips@calpine.com; JRegnery@calpine.com; tkaslow@calpine.com; OHaraC@dsmo.com; mary.doyle@dynegy.com; jhughes@elcon.org; Nicolay, Christi L.; JCashin@epsa.org; charles_askey@fpl.com; steved@gdsassoc.com; GHobday@HHLAW.com; jschneid@huberlaw.com; richard.spring@kcpl.com; jpalermo@kemaconsulting.com; RLAMKIN@LLGM.com; relliott@mbolaw.com; beth.bradley@mirant.com; ndaggs@mwe.com; paul.savage@nrgenergy.com; ron_lanclos@oxy.com; billdegrandis@paulhastings.com; MaryCochran@psc.state.ar.us; Pauline.Foley@pseg.com; linxwilerj@safferassoc.com; twoodbury@seminole-electric.com; bobg@sepa.doe.gov; leer@sepa.doe.gov; msmith@sf-firm.com; GLBERNST@skadden.com; gary.newell@spiegelmcd.com; nbrown@spp.org; dacrabtree@tecoenergy.com; jrdalrymple@tva.gov; jpwest@westlawpc.com; Jane.Mudgett@Williams.com; SMALL@wrightlaw.com
Cc: Herbert Tate; Jonathan Siems; Laura Sheppeard
Subject: RE: Final SE RTO Mediation Report

Pursuant to the agreement of the parties, service of the attached document is hereby effected on this Restricted Service List, which has been previously approved in this Docket, via this email.

Please  note that there are a total of six attachments, only five of which can be sent via email.  The 6th attachment is a two page copy of the TVA MOU which can be accessed on  RIMS, or will be provided via fax upon request.

I want to take this opportunity to thank the parties once again for their hard work and dedication throughout this arduous and sometimes difficult mediation process.  It was a pleasure to work with you!
                                                     Judge McCartney


Here it is....

Christina Valdez
Enron Net Works LLC
Phone - 713.853-9106
Fax     - 713.345.8100
christina.valdez@enron.com


Please see attached notice regarding ISO Fallback Schedule.
               (See attached file: Notice00-69.doc)

 - Notice00-69.doc


He has done conflicts check in the past and sent executed agreements. Do you
want  to ask him to send a copy or shall I?  I find nothing with or
pertaining to Petronas in the agreements that I have.

	Tana Jones
	02/23/2001 09:14 AM

		 To: Kay Young/HOU/ECT@ECT
		 cc:
		 Subject: Confidentiality Agreement - PETRONAS / ENRON

Does Matt Lee, our lawyer in the Singapore office, know he needs to file NDAs
with you?
----- Forwarded by Tana Jones/HOU/ECT on 02/23/2001 09:14 AM -----

	David Forster@ENRON
	02/23/2001 07:19 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Andy Zipper/Corp/Enron
		 Subject: Confidentiality Agreement - PETRONAS / ENRON

Fyi:

This is in the works by the LNG guys and is intended to cover release of some
EnronOnline information.

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 02/23/2001
07:19 AM ---------------------------

V V Rao@ECT
02/23/2001 01:54 AM
To: Russell Dyk/Corp/Enron@ENRON, David Forster/Corp/Enron@Enron
cc:

Subject: Confidentiality Agreement - PETRONAS / ENRON

fyi
---------------------- Forwarded by V V Rao/SIN/ECT on 23/02/2001 15:49
---------------------------

Matthias Lee
23/02/2001 15:50
To: Clay Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: V V Rao/SIN/ECT@ECT, Satish Venkataraman/SIN/ECT@ECT, Angeline
Poon/SIN/ECT@ECT, Matthias Lee/SIN/ECT@ECT

Subject: Confidentiality Agreement - PETRONAS / ENRON

Clay

Please see below the procedure for execution of the CA which I have agreed
with Sareen of Petronas.

Please print two copies and sign on both. One copy should be delivered to
Sareen in exchange for the fax copy executed by Mr Muri Mohammad. The other
is to be retained by us for our records.

Regards
Matt

---------------------- Forwarded by Matthias Lee/SIN/ECT on 02/23/2001 03:45
PM ---------------------------

Matthias Lee
02/23/2001 03:47 PM
To: sareen@petronas.com.my @ ENRON
cc: Matthias.Lee@enron.com@ENRON, sareen@petronas.com.my@ENRON,
muri@petronas.com.my@ENRON, sharon@petronas.com.my@ENRON,
salehh@petronas.com.my@ENRON, leec@petronas.com.my@ENRON,
adlan@petronas.com.my@ENRON, mizlan@petronas.com.my@ENRON,
rosdym@petronas.com.my@ENRON, Satish.Venkataraman@enron.com@ENRON,
Angeline.Poon@enron.com@ENRON, V V Rao/SIN/ECT@ECT, Clay
Harris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: Comments on the Proposed Enron Confidentiality Agreement - LNG
ONline

Dear Sareen

Thank you for the marked up finalised version of the CA to be dated 26
February 2001. I confirm it is in order and attach herewith a clean version
incorporating all your amendments. Please note that I have added Clay Harris'
name and title to the execution clause.

As discussed, since our authorised signatories will be in different places,
we will execute the CA in counterparts as follows:

1. You will print the attached CA for your Mr Muri Mohammad who will sign
them on Monday in KL.

2. The signed CA will be faxed to you in London on Monday which you will
deliver our Mr Clay Harris.
A copy will also be faxed to me on Monday.

3. You will leave intructions for the original CA signed by Mr Muri Mohammad
to be couriered to me in Singapore which I should receive by Tuesday.

4. Our Mr Clay Harris will sign a counterpart CA and will deliver the
original to you on Monday in exchange for the faxed counterpart signed by Mr
Muri Mohammad.

My address:
391B Orchard Road #10-03
Ngee Ann City Tower B
Singapore 238874

My Fax :
(65) 734 2868

Please confirm by return e-mail. Thanks

Matt

sareen@petronas.com.my on 02/23/2001 12:00:06 PM
To: Matthias.Lee@enron.com
cc: sareen@petronas.com.my, muri@petronas.com.my, sharon@petronas.com.my,
salehh@petronas.com.my, leec@petronas.com.my, adlan@petronas.com.my,
mizlan@petronas.com.my, rosdym@petronas.com.my,
Satish.Venkataraman@enron.com, Angeline.Poon@enron.com,
Matthias.Lee@enron.com

Subject: Re: Comments on the Proposed Enron Confidentiality Agreement - LNG
ONline

Dear Matt,

As discussed please find a marked up version of the CA, ready for execution
upon your confirmation of its suitability.

Thank you.

Regards,
Sareen,

(See attached file: PET-ENRON CA Final Version.doc)


Friends, if you are in front of your tv sets tomorow morning watch for John
Lampe on CNBC. Thanks for your continued support.
>
> .
>
>
>  <<CNBC Announcement.doc>>


thx.  no problem.  jeff


---------------------- Forwarded by Chris Germany/HOU/ECT on 05/08/2001 10:50 AM ---------------------------

Darla Saucier@ENRON
05/07/2001 04:15 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	4/2001 New Power

For your review, sir.  Please let me know if this is good to go!

Thanks!


Mark:

I thought you might be interested in this.

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 07/18/2000 04:01 PM -----

	Peter Keohane
	Sent by: Linda Sietzema
	07/18/2000 03:54 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Chris Gaffney/TOR/ECT@ECT, William S
Bradford/HOU/ECT@ECT, John Suttle/HOU/ECT@ECT, Russell Diamond/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Set-off - Alberta Court of Appeal Decision in Blue Range Resource
Corporation Insolvency

Please see the attached memo.

Peter


.disclaimer {  font-family: Arial; font-size: 10pt; font-style: normal; line-height: normal; font-weight: bold; color: #FFFFFF; text-decoration: none} .header {  font-family: Arial; font-size: 10pt; font-style: normal; line-height: normal; font-weight: bold; color: #FFFFFF; text-decoration: none} .letterbold {  font-family: Arial; font-size: 9pt; font-style: normal; line-height: normal; font-weight: bold; color: #000000; text-decoration: none} .text {  font-family: Arial; font-size: 9pt; font-style: normal; line-height: normal; font-weight: normal; color: #000000; text-decoration: none} .linked {  font-family: Arial; font-size: 8pt; font-style: normal; line-height: normal; font-weight: normal; color: #000000; text-decoration: none} .letter {  font-family: Arial; font-size: 9pt; font-style: normal; line-height: normal; font-weight: normal; color: #333333; text-decoration: none} .footer {  font-family: Arial; font-size: 8pt; font-style: normal; line-height: normal; font-weight: normal; color: #FFFFFF; text-decoration: none} .hotseller {  font-family: Arial; font-size: 8pt; font-style: normal; line-height: normal; font-weight: normal; color: #000000; text-decoration: none} .name {  font-family: Arial; font-size: 14pt; font-style: normal; line-height: normal; font-weight: bold; color: #000000; text-decoration: none} .exclusive {  FONT-WEIGHT: bold; FONT-SIZE: 9pt; COLOR: #FF0000; LINE-HEIGHT: normal; FONT-STYLE: normal; FONT-FAMILY: Arial; TEXT-DECORATION: none} .letter02 {  font-family: Arial, Helvetica, sans-serif; font-size: 12px; font-style: italic; line-height: normal; font-weight: normal; color: #000000; text-decoration: none}   [IMAGE]  [IMAGE]         [IMAGE]  Pail of Plenty   Dear Charles,  Football fiestas will be kicking off all over  the country on Sunday, February 3rd! Visit our  Big Game  collection to find  gift baskets and delicious treats that will make  your party the hottest place in town. You can  walk through the door with a tasty treat under  your arm to make the party you're at the place  to be for the biggest game of the year.   And you can get in the donation game while finding  the perfect gift! We will donate 10% of the net  proceeds from your purchase to the Boomer  Esiason Foundation  when you use promotion  code BEFduring  checkout. Boomer Esiason, a quarterback for 14  seasons in the National Football League, started  the foundation in 1993 to eliminate the threat  of Cystic Fibrosis after his son, Gunnar, was  afflicted. The foundation funds research, heightens  awareness and provides a better quality of life  for those afflicted by Cystic Fibrosis. Donate  and indulge!  From your friends at 1-800-FLOWERS.COM
 Call 1-800-FLOWERS
 (1-800-356-9377), Click  (www.1800flowers.com) or Come in! AOL Keyword: 1800flowers  P.S. It's never too early to show your love!  Order your Valentine's Day  gifts early and let Cupid  get a head start on delivering your heartfelt  message!  This email was sent to CHUCK.RANDALL@ENRON.COM        [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  Chip and Dip Party Gift Set  Mrs. Fields
 NibblersTM Basket  Galvanized Margarita Party Tub  Gourmet Nut Sampler       Register  Now & Member Benefits  Personalized  Greetings  Gift  Certificates    Remove  Me  Contact  Us  Security  & Privacy  Disclaimer * Store  Locator


Barbara,

My tenure at Enron is coming to an end. I am passing your data request to another person
and hopefully you will get some help. When can we call you next week?

Vince

 -----Original Message-----
From: 	Barbara Ostdiek <ostdiek@rice.edu>@ENRON
Sent:	Thursday, January 10, 2002 12:11 PM
To:	Kaminski, Vince J
Subject:	Re: Orphan Seminar Program

Vince - You are the greatest!  Duke was in our minds as a possible new
sponsor but we had not figured out yet where to start.  I will talk with
the others and we will definitely pursue this Mr.  Ladd.  I really can't
begin to express how appreciative I am that you thought to mention this to
him.  I am in New York right now so it will be next week before we can
start the process.

bbo

At 07:13 PM 1/9/02 -0600, you wrote:
>Barabara,
>
>I had a lunch today with Rob Ladd from Duke (company, not university).
>He is a Rice graduate and I mentioned to him the seminars that Enron was
>sponsoring.
>He is willing to talk to you about substituting Duke for Enron as a
>sponsor of the
>seminar program.
>
>Please, contact him at rtladd@duke-capitalpartners.com.
>His cell phone number is 704 756 5354.
>
>I am working on the power price time series for you but I may run out of time.
>
>Vince
>
>
>**********************************************************************
>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.
>**********************************************************************


Thanks for meeting with me yesterday.
Attached are the proposed changes/additions to the service agreement to
include a private branded, Enron Net Works hosted website for third parties...


Thank you for your interest in employment opportunities at Tenaska. Your
resume has been received and will be reviewed. You will be contacted if your
qualifications meet our position requirements.

Sincerely,

Jean Munger
Tenaska, Inc.