It looks like we are playing a smaller role than the WSJ article indicates --
i.e. a role commensurate with our level of interest.  I have talked with John
several times about the relative importance of OPIC, ExIm and other funding
organizations in light of the change in emphasis in our business.  As a
result of those discussions we cut headcount and expenditures from the
proposed budget for "01 and John has joined Linda Robertson's organization in
the DC office (instead of being a stand alone effort).  Having said that, my
view (based on the work John has been doing) is that we continue to have a
considerable amount of work for him to do on the project finance front as a
result of existing projects, projects we continue to pursue, and transfer
issues associated with the asset sales.  Do you agree?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 11:27 AM -----

	John Hardy@ENRON_DEVELOPMENT
	03/07/2001 10:59 AM

		 To: Steven J Kean/NA/Enron@ENRON
		 cc:
		 Subject: Re: Enron Mentions

Steve
 This is not a battle to fight with OMB, but we have to show the agencies
that we are supportive of  their programs and their budgets.  We are not
going to lead the battle and in fact have not particpated in meetings on the
hill.  But we are in negotiations with both EXIM and OPIC on Electrobolt and
will need their support on our problem projects.  Also, Rebecca McDonald is
on EXIM's private sector advisory committee.  If you need more lets talk.
Thanks John

	Steven J Kean@ENRON
	03/07/2001 11:43 AM

		 To: John Hardy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Linda Robertson/NA/Enron@ENRON
		 Subject: Enron Mentions

How important is this fight to us now (see attached article on ExIm)?
----- Forwarded by Steven J Kean/NA/Enron on 03/07/2001 10:41 AM -----

	Ann M Schmidt
	03/07/2001 08:19 AM

		 To: Ann M Schmidt/Corp/Enron@ENRON
		 cc: (bcc: Steven J Kean/NA/Enron)
		 Subject: Enron Mentions

Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
The Wall Street Journal, 03/07/01

Plots & Ploys
The Wall Street Journal, 03/07/01

Dutch Gas Competition Grows Despite Sluggish Reforms
Dow Jones Energy Service, 03/07/01

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.
Reuters English News Service, 03/07/01

Major U.S. Exporters Rush to Export-Import Bank's Defense
Dow Jones Business News, 03/07/01

What's News
United States
The Globe and Mail, 03/07/01

Deal with state could take until 2002 to close
Associated Press Newswires, 03/06/01

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report
Dow Jones Energy Service, 03/06/01

Many Power Deals Announced by California Governor Still Not Final
Dow Jones Business News, 03/06/01

US Natural Gas Prices Fall As Demand Slips In Most Areas
Dow Jones Energy Service, 03/06/01

Economy
Exporters Rush to Ex-Im Bank's Defense --- Lobby Campaign to Prevent Budget
Cuts Seeks Help Of 100,000 Small Firms
By Michael M. Phillips and Laura Heinauer
Staff Reporters of The Wall Street Journal

03/07/2001
The Wall Street Journal
A2
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers.
Boeing Co., Caterpillar Inc., Enron Corp., Halliburton Co. and others are
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions; the White House labels the Ex-Im
Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
"Companies large and small who have similar interests here are banding
together to provide an educational effort so people understand the impact of
this," said Chris Hansen, Boeing senior vice president for government
relations.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
"We'll be circulating them very broadly," Mr. Rice said.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
At first, business lobbyists assumed administration budgeteers were just
looking for savings anywhere they could find it. Before President Bush
released his spending plan last week, companies appealed to Mitchell Daniels,
head of the White House budget office, in an attempt to keep the Ex-Im Bank
cuts out of the final proposal.
The Ex-Im Bank's corporate clients include some of the country's largest
political contributors. Boeing, the bank's largest user, received $3.3
billion of financing last year. The Seattle aerospace company and its
employees contributed $1.8 million to politicians and parties during the 2000
election cycle, 61% to Republicans, according to federal election data
assembled by the Center for Responsive Politics. Caterpillar, a Peoria, Ill.,
maker of engines and heavy equipment that secured seven Ex-Im Bank deals last
year, and its employees contributed more than $500,000 -- 96% to Republicans.
Company officials deny they wanted to leverage donations to try to secure
political support for the Ex-Im Bank.
Many lobbyists have come to the conclusion that administration officials --
those of a libertarian persuasion -- oppose Ex-Im Bank as a form of welfare
for corporations. Indeed, the White House budget plan criticized the bank's
operations as unjustified public subsidies for companies. "That makes it a
much more serious issue," Mr. Rice said. "We're concerned that the
administration seems to be turning its attention in this direction."
Barring intervention from Mr. Cheney, business groups now have largely given
up hope of convincing the White House to back down, planning instead to use
their muscle to convince Congress to restore the Ex-Im Bank's funding. Bank
officials and U.S. companies argue that, far from being a subsidy, the bank
simply allows American companies to compete with European and Japanese firms
that receive assistance from their own governments.
"In many markets in Asia and Africa, the bank is absolutely critical to our
ability to sell American-made products," said Bill Lane, Caterpillar's
Washington director for governmental affairs.
--- Corporate Beneficiaries

Top 10 recipients of Ex-Im Bank loans, guarantees and insurance for
fiscal year 2000, as measured by amount of financing, in millions

Boeing $3,335
Bechtel Group $1,075
Distributed Processing Systems $388
Willbros Group $387
United Technologies $334
Raytheon $156
General Electric $150
Halliburton $136
Enron $135
LSI Logic $120

Source: Ex-Im Bank

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

The Property Report
Plots & Ploys
By Peter Grant

03/07/2001
The Wall Street Journal
B10
(Copyright (c) 2001, Dow Jones & Company, Inc.)

[What's Brewing in the Real Estate Market]
No Problem, Houston
CENTURY DEVELOPMENT is about to announce plans to break ground on downtown
Houston's third major office development in less than three years. In another
sign of the strength of the city's energy sector, Century is finalizing a
headquarters deal with Reliant Resources Inc. to take more than two-thirds of
the project's 850,000 square feet, says Edwin Murphy, a Century senior vice
president.
Two other towers also are underway. In 1999, Hines began building a 1.2
million square-foot tower for Enron Corp. and late last year Crescent Real
Estate Equities broke ground on a 27-story tower that will be anchored by
Ernst & Young. These three projects are the first major downtown office
projects to get underway since 1986.
The surge is part of a renaissance of downtown Houston, where new sports
facilities, hotels, apartment buildings and restaurants have been mushrooming
in recent years. "The new amenities have kept people from leaving and enticed
people to come back," says Michael Hassler, of CB Richard Ellis.

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

Dutch Gas Competition Grows Despite Sluggish Reforms
By Germana Canzi
Of DOW JONES NEWSWIRES

03/07/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LONDON -(Dow Jones)- The Netherlands is emerging as an important testing
ground for E.U. gas liberalization, as new trading hubs for competitive,
short-term gas supplies from the U.K. and Norway emerge on the Belgian and
German borders.
However, much remains to be done. A group of large energy users and traders
is preparing to confront Gasunie Thursday in a hearing organized by the
regulator. The main issues of contention are the balancing system, which
Gasunie conducts on an hourly basis, the extent to which transport tariffs
are cost-focused and third-party access to storage facilities.
The emergence of competition in the Dutch gas sector is mostly due to the
initiative of new market entrants who, despite a difficult regulatory
environment, have managed to develop a market for short-term gas virtually
from scratch.
If liquidity improves in these emerging hubs, the Netherlands could become an
important transit country for freely tradeable gas supplies to other
countries in northwest Europe, as well as being an important market in its
own right. However, the difficulty of implementing transparent third-party
access systems in the Netherlands and in neighboring Germany casts a dark
cloud over recent progress in competition.
Since December, Enron Europe Ltd. (U.ENE), Duke Energy Corp. (DUK), E.On AG
(EON), RWE AG (G.RWE) and Electrabel SA (B.ELE) have been actively buying and
selling gas, sourced in the U.K., the Netherlands and Norway, in a number of
hubs between Emden in Germany and Emshaven and Oude Statenzijl in the
Netherlands.
David Gallagher, head of European gas trading at Enron in London, estimates
that at least one trade a day of around 100,000 therms for a quarterly
contract is done at the Oude Statenzijl hub, where the Gasunie pipeline
system connects to the network of Wingas GmbH.
An important element kick-starting short-term trading was the sale, in
December 2000, of a 2 billion cubic meter a year Norwegian gas supply
contract to five Dutch-based power generators.
Robert van der Hoeven, head of fuel procurement at Electrabel, the owner of
Dutch generator EPON, said his company uses most of the gas it imports from
Norway for its plants in the Netherlands and trades the rest on a short-term
basis in the Oude-Emden area. This pattern is common to the other Dutch-based
parties to that contract.
Trading in Dutch hubs received a further boost when Nederlandse Gasunie NV
(N.NEG) decided, after months of wrangling with regulator DTe, to lower its
transport tariffs by 6.5% from January 2001 and to unbundle its combined
commodity and service tariff, the so-called CSS system, from July 2001.
Gasunie now claims its pipeline system is fully open and transparent. To
prove this, it says it has lost 30% of its customers in the eligible market,
but that figure hasn't changed much since March 2000. Small wonder that
critics say the switching figure doesn't necessarily indicate an ideal system
of third-party access.
According to energy consultants The Brattle Group, around half of the gas
used by alternative suppliers goes through the 1 bcm/year Zebra pipeline from
Zelzate to Zeeland, which was built by Dutch utilities a few years ago
precisely because Gasunie refused to provide access on favorable terms.
Shippers have complained that the hourly system used by Gasunie to balance
the pipeline system raises the overall cost of shipping through its network
significantly. Gasunie imposes a balancing charge which effectively forces
shippers to pay for the extra gas brought into the system from storage sites,
in addition to the capacity and transmission price. Critics say Gasunie has
so far failed to unbundle these charges, although it agreed to do so in
January.
According to the Brattle Group, another controversial aspect of Gasunie's
tariff system is that it is based on theoretical costs of constructing new
pipelines rather than its actual costs.
The DTe is also considering ways of reforming the storage system to make it
competitive. BP PLC (U.BP) and Nederlandse Aardolie Maatschappij NV operate
storage facilities and lease capacity to Gasunie through long-term contracts.
The regulator is studying ways of allowing third parties access to storage
facilities. Gasunie has so far shown little sign of negotiating more
competitive tariffs with storage operators and passing on the benefits to
customers, critics say.
The growth of short-term trading in the Dutch gas market is also inevitably
linked to its potential as a transit country for gas coming from the
U.K.-Belgium gas interconnector and going towards the 82bcm-a-year German
market.
Market participants say liquidity at the Emden and Oude hubs has grown
considerably since E.On and RWE started trading there earlier this year.
However, the obstructive attitude of incumbents toward third-party access
there has meant that so far most gas traded in the Netherlands has remained
there.
-By Germana Canzi, Dow Jones Newswires; +44 20 7842 9283;
germana.canzi@dowjones.com

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

USA: Big U.S. exporters to fight Ex-Im Bank cuts - WSJ.

03/07/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, March 7 (Reuters) - America's largest exporters are launching an
aggressive lobbying campaign on Capitol Hill to protect the Export-Import
Bank from budget reductions, the Wall Street Journal reported in its online
edition on Wednesday.
The exporters, including Boeing Co. , Caterpillar Inc. , Enron Corp. ,
Halliburton Co. and others, are angry and confused that a Republican
administration has targeted one of their favourite programmes for big cuts,
the paper reported.
Ex-Im Bank officials were not talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25 percent cut in
the bank's $865 million operating budget for the current fiscal year, which
ends Sept 30, it said.
The White House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," Edmund
Rice, president of the Coalition for Employment Through Exports, an industry
group that is leading the effort, was quoted as saying by the paper.
Executives at Boeing, Caterpillar and other big companies plan to contact
some 100,000 smaller suppliers who benefit indirectly from the $12.6 billion
of export loans, guarantees and insurance that Ex-Im Bank provided in the
last fiscal year, the paper said.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank, it said.
New York Newsroom (212) 859-1700.

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

Major U.S. Exporters Rush to Export-Import Bank's Defense

03/07/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

WASHINGTON -- Angry and confused that a Republican administration has
targeted one of their favorite programs for big cuts, America's largest
exporters are appealing for help from lawmakers, Wednesday's Wall Street
Journal reported.
Boeing Co. (BA), Caterpillar Inc. (CAT), Enron Corp. (ENE), Halliburton Co.
(HAL) and others are launching an aggressive lobbying campaign on Capitol
Hill to protect the Export-Import Bank from budget reductions; the White
House labels the Ex-Im Bank as corporate welfare.
"The administration has fired its shot, and now we're firing ours," said
Edmund B. Rice, president of the Coalition for Employment Through Exports, an
industry group that is leading the effort.
Since they got wind of the proposed cuts a few weeks ago, business lobbyists
have been trying to rally sympathetic lawmakers. And executives at Boeing,
Caterpillar and other big companies plan to contact some 100,000 smaller
suppliers that benefit indirectly from the $12.6 billion of export loans,
guarantees and insurance that Ex-Im Bank provided in the last fiscal year.
Those small companies, the executives hope, will create a groundswell of
support in Congress for the Ex-Im Bank.
Corporate lobbyists also have dug up a speech that Vice President Dick
Cheney, while chief executive of Halliburton, gave in 1997 praising the bank
and scoffing at those who consider it a giveaway to big business. They plan
to pass Mr. Cheney's comments to influential members of Congress this week.
A spokeswoman for Mr. Cheney had no immediate comment.
Ex-Im Bank officials aren't talking publicly, avoiding the appearance that
they are battling the White House to overturn the proposed 25% cut in the
bank's $865 million operating budget for the current fiscal year, which ends
Sept. 30. But an Ex-Im official said the topic has come up in conversations
between key lawmakers and Ex-Im Bank Chairman James A. Harmon, who is soon to
be succeeded by Mel Sembler, a Bush campaign fund-raiser and a
shopping-center developer.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved.

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

Report on Business: The Wall Street Journal
What's News
United States
Wall Street Journal

03/07/2001
The Globe and Mail
Metro
B10
"All material Copyright (c) Bell Globemedia Publishing Inc. and its
licensors. All rights reserved."

Boeing Co., Caterpillar Inc. and Enron Corp. are among the big U.S. exporters
launching an aggressive lobbying campaign on Capitol Hill to protect the
Export-Import Bank from budget reductions. The White House labels the Ex-Im
Bank as corporate welfare. "The administration has fired its shot, and now
we're firing ours," said Edmund Rice, president of the Coalition for
Employment Through Exports, an industry group leading the campaign. Since
they got wind of the proposed cuts a few weeks ago, business lobbyists have
been trying to rally sympathetic U.S. law makers.

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

Deal with state could take until 2002 to close
By LESLIE GORNSTEIN
AP Business Writer

03/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LOS ANGELES (AP) - A tentative deal aimed at rescuing Southern California
Edison from insolvency might not close in time to prevent the utility from
begging creditors for more patience, Edison officials said Tuesday.
The utility's tentative, $2.7 billion agreement to sell its power lines to
the state could take until 2002 to be consummated, thanks to complicated
legal issues and other paperwork, an Edison official told bondholders Tuesday.
Once the deal is signed, Edison will try to borrow against the promised cash,
but Edison International Chief Financial Officer Ted Craver admitted the
utility might have to ask creditors to simply wait for their money until it
has the $2.7 billion in hand.
Energy suppliers owed money by Edison did not immediately return calls for
comment Tuesday.
At least four groups of suppliers have sued Edison for millions in unpaid
bills going back months. Edison and fellow utility Pacific Gas & Electric
have said they have lost $13 billion on the open power market thanks to
soaring prices paired with state-imposed price caps.
PG&E's parent company was able to recently borrow $1 billion to pay its
stockholders and its debuts. It did not use any of that money to pay PG&E's
bills.
Edison's disclosure, meanwhile, shocked state officials.
Steve Maviglio, spokesman for Gov. Gray Davis, initially declined to comment
on the status of the Edison deal, but eventually said, regarding its closure,
"We're optimistic it will be sooner rather than later."
The pacing would have nothing to do with whether fellow utilities Sempra
Energy and PG&E also sell their transmission lines to California, Craver
said.
Among the things that could delay the deal's closing is Edison's need to find
landowners on whose property its lines were built to assure no legal
agreements are being violated by the sale. Edison would also have to pin down
exactly what it would be selling to the state - terms that might not be
decided until after a deal has been inked, Craver said.
"Trust me," Craver said in a phone call after the conference. "There are a
lot of legal-type documents - stuff that you and I ... would think of as a
bloody nightmare."
The disclosure comes at a time when an increasing number of power suppliers
are suing the utility for millions in unpaid bills.
Edison also disclosed Tuesday that two more lawsuits had landed in its lap -
one by a group of wind-powered generators including Enron Wind, the other by
two suppliers including New York-based Caithness Energy.
Both suits were filed during the past five days, Edison Assistant General
Counsel Barbara Reeves said. It was not immediately clear how much the
complainants were seeking; neither Enron nor Caithness returned calls for
comment.
The two filings bring the total number of suits by renewable-energy suppliers
against Edison to four, the utility said. The city of Long Beach and
CalEnergy Operating Group, a geothermal supplier, have also sued for back
payments.
CalEnergy alone has said it is owed $45 million in November and December
payments.
The line sale, part of a multifaceted, tentative deal with the state that
could save Edison from insolvency, could take anywhere from several months
into next year, Craver said.
The tentative deal, announced by Gov. Gray Davis Feb. 23, calls for the state
to pay more than twice the book value for Edison's lines.
It also would require Edison to sell cheap power to the state for a decade
and for Edison to end its lawsuit against state regulators. The suit asserts
that price caps imposed by the California Public Utilities Commission are
illegal under federal law.
Additionally, Edison's parent would have to return $420 million it collected
from the utility over the past several years. The money was used to pay debt,
buy back stock and pay dividends to investors.
SCE, PG&E and Sempra have complained they are near bankruptcy because of
soaring prices on the open market combined with the state-imposed price caps
for consumers.
Sempra and PG&E have yet to announce similar line-sale deals with the state,
though they and the governor have said negotiations are ongoing. The total
cost of the 26,000 miles of lines has been estimated at $4.5 billion to $7
billion.

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

Sierra Pacific CEO Doubts SEC OK Of Enron Unit Buy-Report

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LOS ANGELES -(Dow Jones)- Sierra Pacific Resources (SRP) CEO Walter Higgins
said in an interview last week that he doubts the company's $3.1 billion
acquisition of Enron Corp.'s (ENE) utility Portland General Electric will be
approved by the federal Securities and Exchange Commission, the Las Vegas Sun
reported Tuesday.
The SEC must find that Sierra Pacific is in a strong financial position
before it will approve the deal, but the company is currently weakened by
having lost millions of dollars in fuel and purchased power costs, Higgins
said in the report.
A $311 million rate increase to cover those costs began March 1, but Higgins
said that money would only pay back those expenses and wouldn't improve the
company's stability to a level the SEC would find adequate, according to the
report.
The Public Utilities Commission can halt the rate hike and order refunds if
it decides the hike isn't necessary. The PUC is holding hearings to determine
the prudency of the hike, and members of the state's powerful casino and
mining industries have filed to intervene.
Sierra Pacific's plan to shore up its financial position through the sale of
its 10 power plants, worth nearly $2 billion, may also be in jeopardy. The
state Senate is considering a bill to block the sales, and Nevada Gov. Kenny
Guinn recently sent a letter to the PUC asking that it reconsider its order
allowing electric utilities to sell assets.
Financial analysts have said that not allowing Sierra Pacific's two utilities
to sell their assets would have a ripple effect on the company's financial
position. The asset sales are tied to low-priced power contracts, and if the
sales are canceled, the low-priced power will be gone as well.
"If the divestiture is stopped...the state may be dealing with a much bigger
rate increase," Steve Fleishman, Merrill Lynch utility analyst, told Dow
Jones Newswires recently.
Sierra Pacific is the parent company of electric utilities Sierra Pacific
Power Co. and Nevada Power, which serve customers in the state's North and
South, respectively.
-By Jessica Berthold, Dow Jones Newswires; 323-658-3872,
jessica.berthold@dowjones.com -0- 07/03/01 01-04G

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

Many Power Deals Announced by California Governor Still Not Final
By Jason Leopold

03/06/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Dow Jones Newswires
LOS ANGELES -- Many of the long-term power-supply contracts announced by
California Gov. Gray Davis this week remain under negotiation or are the
subject of ongoing lawsuits, power suppliers said Tuesday.
The lack of finality to the deals raises questions about the state's success
in covering its power needs, particularly going into what is expected to be
an unusually tight summer.
Generators said privately they were surprised the governor went ahead with
his announcement Monday, given that many of the contracts haven't been
signed.
David Freeman, general manager of the Los Angeles Department of Water and
Power, who negotiated the contracts on behalf of the state, conceded that
details remain to be worked out. "This is not a done deal," Mr. Freeman said,
adding that credit concerns are keeping generators from signing the deals.
Gov. Davis announced Monday that California has secured 40 long-term
contracts that will provide California with about 629 million megawatt hours
of electricity over 10 years, at a price of more than $40 billion. A megawatt
hour is roughly the amount of electricity needed to power 1,000 homes.
Several of those forward deals, however, involve contracts originally held by
Edison International (EIX) unit Southern California Edison and PG&E Corp.
(PCG) unit Pacific Gas & Electric at the California Power Exchange,
previously the state's main power market.
The governor seized those contracts earlier this year, just before the Power
Exchange liquidated them to cover hundreds of millions of dollars in power
bills the utilities had failed to pay.
The contracts, which total about 1.3 million megawatt hours of electricity
and have a market value of about $1 billion, according to market sources,
have yet to be paid for or signed over to the state. Duke Energy Corp. (DUK),
one of the suppliers that sold the contracts to Pacific Gas and SoCal Ed, has
sued Gov. Davis for unlawfully commandeering those contracts.
Although Duke has reached an interim settlement to continue providing power
to the state Department of Water Resources until April 30, the company and
the Davis administration still have to "develop a comprehensive long-term
settlement to pay for the power supply contracts," said Duke spokesman Tom
Williams.
The governor went ahead with the announcement, because the California
Department of Water Resources believes it will be able to finalize and sign
the contracts over the next several weeks, Davis spokesman Steve Maviglio
said.
Separately, several suppliers named in the governor's announcement Monday --
including Duke, Reliant Energy Inc. (REI), Mirant Corp. (MIR), Sempra Energy,
Enron Corp. (ENE) and Avista Corp. (AVA) -- said they have yet to sign final
agreements with the state, although negotiations were ongoing.
"We are working in good faith with the DWR toward a long-term contract," said
Art Larson, spokesman for Sempra Energy Resources, a unit of Sempra. Mr.
Larson said Sempra signed a terms of agreement with the water-resources
department and expects to reach a final agreement over the next several
weeks.
Reliant said it has only signed a short-term contract with the state that
expires in about two weeks. The company will only sign a long-term contract
once it's paid more than $400 million owed by Pacific Gas and SoCal Ed,
spokesman Richard Wheatley said.
Mirant said it also won't sign contracts with the state until it's paid.
Enron said it's reached agreement on terms with the state, but has some
credit-related details to hammer out. "Everything's been agreed to except for
some credit technicalities," Enron spokesman Mark Palmer said.
Meanwhile, small, independent power plants in California that are capable of
generating 1,800 megawatts of power are shut down because their owners
haven't been paid by the state's two main utilities, the California
Independent System Operator said Tuesday.
The decline in small-plant output has contributed to the state's power-supply
problems the past two months. Partnerships involving El Paso Corp. (EPG), for
example, shut down 350 megawatts of generation last weekend due to
nonpayment, the company said Tuesday.
SoCal Ed hasn't paid the owners of the smaller generators, known as
"qualifying facilities," since early December, which means the generators are
still owed for electric production in October, while PG&E has paid only a
small percentage of its qualifying facility bills since its last full payment
in early January.
The plants, one-third of which are powered by renewable sources like wind and
solar power, meet almost 30% of California's electricity needs. Almost all of
the closed generators are fueled by natural gas, and many haven't been able
to pay their gas suppliers and have been cut off from their gas supply.
The California Senate Energy Committee plans to vote on legislation to create
a new pricing system for all qualifying facilities this week. The proposed
bill would cut the prices to qualifying facilities from about 17 cents a
kilowatt-hour the past eight months to about eight cents, depending on the
price of five-year natural-gas contracts the generators can sign. The plants
that run on renewable resources would be paid 5.4 cents a kilowatt-hour.
-- Mark Golden contributed to this article.
Write to Jason Leopold at jason.leopold@dowjones.com
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

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

US Natural Gas Prices Fall As Demand Slips In Most Areas

03/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -(Dow Jones)- U.S. natural gas physical prices fell Tuesday as demand
eased, except in the Northeast and Southeast areas of the country, traders
said.
Heavy snowstorms in the upper Northeast supported some pricing, as did cooler
weather in Georgia, the Carolinas and the Florida panhandle.
Some storage buying occurred in Texas "if they could make it work," a trader
said.
"It was a pretty uneventful day," a Gulf Coast trader said late Tuesday.
Also, because of the snowstorm in the Northeast, traders had purchased gas
ahead of time to make up for needed load, he said.
A scheduled work outage on Enron's Transwestern San Juan lateral in New
Mexico was completed, and the return of a power plant in California
alleviated demand in the West, traders said.
At the Arizona-California border hub, buyers paid around $13-$33 a million
British thermal units, West Coast traders said, down as much as $15 from
Monday.
At PG&E Citygate, prices were mixed, with buyers paying $9.75-$10.65/MMBtu,
down 25 cents on the bid, up 15 cents on the offer.
In the Midwest, Chicago Citygate prices fell 7 cents-8 cents to a range of
$5.42-$5.53/MMBtu. Alliance Pipeline into Chicago traded around
$5.47-$5.52/MMBtu, down 4 cents to 9 cents from Monday.
The Nymex April natural gas futures contract settled at $5.315/MMBtu, down
2.1 cents in a tight, range-bound, uneventful session that started late due
to bad weather.
Physical gas prices at the benchmark Henry Hub in south Louisiana ended in a
range of $5.25-$5.30/MMBtu, down 2 cents-6 cents from Monday.
Transcontinental Gas Pipe Line at Station 65 deals were made in a similar
range of $5.26-$5.35/MMBtu, down 2 cents on the bid, unchanged on the offer.
At Katy in East Texas, buyers paid $5.21-$5.30/MMBtu, down 5 cents-6 cents.
At Waha, prices fell 9 cents-12 cents to a range of $5.15-$5.30/MMBtu.
-By John Edmiston, Dow Jones Newswires; 713-547-9209;
john.edmiston@dowjones.com

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


465810
matt
strike price 70.00
8.00 premium

465556
bob
broker has mid c


At Alan's request, please provide to me by e-mail (with a cc: to Alan) by
Wednesday of next week your suggested changes to the May 2001 Monthly Report,
so that we can issue the June 2001 Monthly Report by Friday of next week.
Thanks for your attention to this matter.

Nita


Mary,

You can roll this if you need to.  I usually leave it up to logistics to
update the trans usage tickets like this.

D

Mary Poorman@ENRON
09/13/2000 10:48 AM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: deal id 109475

Daren,

The above deal is a desk to desk for Amoco gas at Katy, which is xported on
ENA's agmt on Tejas.  Please extend the deal to cover September.

Thank you,

Mary


Here's the picture of the "Hoegh Galleon" we had taken at Lake Charles.
Dan
---------------------- Forwarded by Dan Masters/HOU/ECT on 05/02/2001 09:41
AM ---------------------------

imaging guys <imaging@terrypro.com> on 04/26/2001 02:36:12 PM
To: dan.masters@enron.com
cc:
Subject: Scan of photo

Attached is the requested file. If you have any questions or problems
please call us at 713-956-4166.
Thanks,
TerryPro
 - 010981 SCAN-01.jpg


516626
Sell BP
25 mw
175.00/on peak
q4-01

516627
sell williams
25 mw
175.00/on peak
q4-01

And the last deal is in, according to Tom and Mike Swerzbin - Tom entered it,
but it's in Mike's book. Let me know if it's still not in there.

Kate

Evelyn Metoyer@ENRON
02/07/2001 02:57 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/7 Checkout

I know you guys are still entering trades but for the record I am missing the
following:

Mike Swerzbin:
Enron sells to BP Amoco 25 mw of Q4'01 Palo Verde at $175 peak hrs. ---Amerex
is broker
Enron sells to Williams 25 mw of Q4'01 Palo Verde at $175 peak hrs,---Amerex
is broker

Tom Alonso:
Enron sells to Merrill 25 mw of March PV at $215  peak hrs,----Bloomberg is
broker

Thanks!!


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I am sorry.  I have been sooooo busy this week with work and tonight I am
going to the lakers game with my friend from work, however, I would love to
hang out with ya this weekend sometime.  Call me tommorow durring the day at
home or on my cell!


i can go that weekend.


Legal Work Group
Please find attached a ppt presentation prepared by John Buechler as a follow
up to a commitment made  at the Governance Workshop. Listed below is an
excerpt of the email that John outlined what he has done to respond to the
request.

------------------------------------------------------------------------------
---------------------------------------------
Attached please find a summary of the "Board Qualifications" topic that I was
asked to prepare for the Legal Governance WG at the workshop.

I have taken my slides on the NYISO, PJM, ISO-NE and MISO, added Desert Star
from Dennis' presentation and a review of their by-laws, and added the IndeGO
provisions from Eric's presentation.

Then, I have compared the provisions among these entities and attempted to
identify the similarities and differences among them.  I then pose a number of
Issues for consideration by the NWRTO WG relative to Board qualifications.

For information and reference, I have also included the slides showing the
present Board members of these existing ISO's.

Please let me know if this suits your purpose.

Thanks

John Buechler

------------------------------------------------------------------------------
---------------------------------------------
This information will be useful background at the meeting (date yet to be
finalized) to continue the Governance discussions begun at the Governance
Workshop.

Sarah, please post with the other Workshop material.

Barney Speckman
RTO West  KEMA Team
Portland Office Phone 503-258-0475
RTO West Offices
5933 NE Win Sivers Drive
Portland, Oregon

BMS Consulting
2130 Belford Drive
Walnut Creek, Calif. 94598
925-287-0365 (Walnut Creek Phone and Fax)

 - Gov Board QualificationsBuechler.ppt


Great to see you this week and I hope you had a safe flight home.

I'd like to talk about the RIsk person 'appointment' for Tokyo.

I guess you told me about H...Perez (sorry I forget!). How do you rate him?
What level/grade is he? Can you let know/send me his last PRC? Joe wants to
talk about staffing next week. I'll get a feel of the level we need/want we
can spend etc....

I guess my 'must have' criteria would be 1) Detailed EnPower experience - in
both ops, dev'p and daily admin 2) Excellent/Superior ranking 3) Someone you
see as a future 'star' - as this will be (in my opinion) a great opportunity
for someone.

I certainly can think of a few names right off the bat (depending on the
'level' Joe will allow us) - both here and Houston - Edith (Director? - maybe
too senior), Paul D.Arcy/Rob Yeo (2 Sen Spec in London) etc....

What do you think? Let's talk.

B.


Hi Vince,

HR is working on a mid-year salary review for London people that have a
noticeable gap between their compensation at Enron and what we would have to
pay in the market for a replacement.  They highlighted Steve as someone with
a potential gap - particularly in light of what we're seeing in our quant
recruiting effort for credit trading and research.

I'd like your opinion on the best way to make sure we keep Steve happy and
keep him at Enron.  There are several things I see we can do:

1)  Give him a mid-year pay increase to move him closer to market.  I'm not
sure this is the best way to go, especially if we only offer him a token
salary increase.

2)  Offer him more responsibility:  What are your thoughts on timing for
making Steve the official head of the London research team?  With my move to
EBS, should we accelerate this?  I think this is good way to keep him happy
and motivated, and then follow up with a more meaningful salary review at
year-end (as part of the regular process) that takes into account his greater
responsibility.

3)  We have some people that we're trying to get under long-term (3-yr)
contract with a 12-month notice clause.  Obviously anyone signing one of
these will want significant up-front compensation for being handcuffed.
We've not had a lot of success with these here in London, and I would prefer
to keep Steve happy so he wants to stay with Enron rather than contractually
binding him to the job.

I'd value your thoughts on this.

Thanks,

Dale


Janine --

Earlier this week, you received an email from the PEP team which included the
Performance Evaluations of your employees, both Exempt and Non-Exempt.
Please remember that the final Performance Evaluations should be completed
with your employees, forms signed and returned to me at EB1665B no later than
Friday, August 17th.  I will be preparing a report for your use noting the
final ratings of your Exempt employees from the PRC meetings and distribute
that within the next week.

For your Non-Exempt employees, I have listed below all eligible employees for
whom you should complete a Performance Evaluation.  However, I need the
rating for each employee so it may be input into the PEP system.  The
descriptions for Non-Exempt ratings are defined as:

1 - Consistently performs above expectations
2 - Meets expectations
3 - Does not meet expectations

Please indicate the ratings for each of your non-exempt employees below and
return to me no later than Wednesday, July 11, 2001.

NAME  TITLE  SUPERVISOR  DEPARTMENT  HIRE DATE MY2001 RATING

Knight, Laurie Sr Admin Asst Janine Migden-Ostrander    Government Affairs
3/31/1997 ______________

If you have any questions or need any additional information, please do not
hesitate to contact me.

Thanks for your prompt attention to this matter.
Jo Ann Hill
Ext. 3-0363


713 646-3708

 -----Original Message-----
From: 	Michael Anderson/HOU/AZURIX@AZURIX@ENRON   On Behalf Of Michael Anderson/HOU/AZURIX@ENRON
Sent:	Wednesday, October 31, 2001 3:40 PM
To:	Hayslett, Rod
Subject:	RE: Wessex Vauation Review

I do have a copy, although it is not all in electronic form.  I am happy to fax if you give me a number.

	Rod Hayslett/ENRON@enronXgate 10/31/01 03:34 PM 	   To: Michael Anderson/HOU/AZURIX@ENRON  cc:   Subject: RE: Wessex Vauation Review

Do you have a copy of your response?

 -----Original Message-----
From: 	Michael Anderson/HOU/AZURIX@AZURIX@ENRON   On Behalf Of Michael Anderson/HOU/AZURIX@ENRON
Sent:	Wednesday, October 31, 2001 3:23 PM
To:	Hayslett, Rod
Subject:	Wessex Vauation Review

Rod-

This is the AA memo they discussed with us last Friday.  I have prepared a package to respond to all the points.  I plan to send it to them tomorrow morning.  I have discussed the package and its contents with Rick and Rodney.  Let me know if you have any questions.

----- Forwarded by Michael Anderson/HOU/AZURIX on 10/31/01 03:22 PM -----

	jennifer.e.sims.vu@us.andersen.com 10/26/01 12:22 PM 	   To: Michael Anderson/HOU/AZURIX@AZURIX, heather.l.mueck@us.andersen.com  cc: warren.k.white@us.andersen.com  Subject: Wessex Vauation Review

 << OLE Object: Picture (Device Independent Bitmap) >>
Attached please find a summary memo which details our review of Azurix's
valuation analyses (DCF and market approaches) related to possible goodwill
impairment at Wessex.  We look forward to discussing these points at 3 PM
today.

(See attached file: Memo re Azurix (Wessex) Review.doc)

Ken
*******************Internet Email Confidentiality Footer*******************

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 << OLE Object: Picture (Device Independent Bitmap) >>  - Memo re Azurix (Wessex) Review.doc << File: Memo re Azurix (Wessex) Review.doc >>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/03/2001
03:19 PM ---------------------------

Tanya Tamarchenko
12/29/2000 10:48 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc: Rabi De/NA/Enron@ENRON, Jaesoo Lew/NA/Enron@ENRON
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Vince, sorry, the files from that directory get deleted periodically. I
attached this file here.
Rabi did some analysis related to implementation of correlated non-normally
(RTDM-distributed)
variables. Let's discuss later?

Tanya.

Vince J Kaminski
12/22/2000 05:58 PM
To: Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Tanya,

I could not locate the file.

Vince

Tanya Tamarchenko
12/07/2000 01:17 PM
To: Vince J Kaminski/HOU/ECT@ECT, Rabi De/NA/Enron@ENRON, Jaesoo
Lew/NA/Enron@ENRON
cc:
Subject: Re: Suggestion: implementing VAR based on non-normal log-returns
simulations

Everybody,
we were talking for a while about using non-normal distributions in the
Monte-Carlo simulations in our VAR model.
I put together some suggestion regarding this. The text is under
O:\_Dropbox\Tanya\non_normal_logs.doc

Look through this 3 page document, and let me know what you think, please.

Tanya


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Guess what I found out this morning.   It looks like I'll be rotating out of
this job just in time.  Jeff said Louise Kitchen is just like Shankman.
Yikes...  We've (Jeff and I) not to tell Binh anything about her.  Lavo
stresses her out, so I don't think she'd take the job if she knows it's only
going to get worse!!


"If everybody is thinking alike, then somebody isn,t thinking.8  - George S.
Patton, Jr.

Keeping with our Mind,s Eye Madness week, be sure to check out the Enron Mind,
s Eye Motorcade
on Friday, April 27th from 11:30am to 1:00pm at the Big E Cafe.  This art car
convoy will spend the day visiting
Enron-designated stops in the community to promote innovation and
creativity.  Mirroring Enron,s innovation,
these artists think about the way things could be and are not limited by the
way things are.

Featuring:
Lunch by Escalantes Mexican Grille - choice of beef, chicken or veggie
fajitas with trimmings, dessert and a drink for $5.
Live salsa music will be provided by Tropicrew, featuring Enron,s own Ms.
Alex Villarreal as the lead singer.
Non-profit organizations represented will include the March of Dimes, SEARCH
and the Lupus Foundation of America.
Get lunch free if you're dressed "freaky"!

Word of the Day
Zeitgeist \TSYT-guyst; ZYT-guyst\, noun:  The spirit of the time; the general
intellectual & moral state or temper characteristic of any period of time.


Thanks.  Did you have a good one?  Michael was all "cracked up" over the card
you sent!!

Kay

ANDREA DOWLEN <nene77057@yahoo.com> on 01/11/2001 08:28:27 AM
To: Kay.Mann@enron.com
cc:

Subject: HAPPY BIRTHDAY!

KAY - HAPPY BIRTHDAY!
I HOPE YOU HAVE A GREAT DAY AND RECEIVE A LOT OF
GOODIES??????!!!!!!!!!!!!!!
LOVE,
ANDREA

=====
Andrea Dowlen

__________________________________________________
Do You Yahoo!?
Yahoo! Photos - Share your holiday photos online!
http://photos.yahoo.com/


Hi Rev. Jackson

How's it going?  I'm sure I'll be seeing you tonight at choir rehearsal, but
I was curious if anything new happened on the choir director front?

Let me know if you get this e-mail in time to respond.  I'll be leaving at
5:00 directly.

See you tonight!


Steve,

Attached is a rough draft proposed by Irwin Stelzer  for the Advisory Council
meeting on April 10-11.  You will note that Gavyn is  on the agenda from 3:15
- 4:00 p.m.   I spoke with his assistant regarding the possibility of Gavyn
departing on April 12 and was told that he has another commitment and will
need to depart the Enron Building by 2:30 p.m. on April 11.

Also, can you tell me if Prof. Joe Grundfest and Lawrence Kudlow are new
members of the Advisory Council?  I would like to update our contact list.

Comments, please.

Vanessa


We are staying at the Hyatt Hill Country Resort, which is nice.  There will
be a private party as SeaWorld, which could be fun. They usually do
everything first class all the way, since it is the officers shindig.  I get
to see some nice people I only see once a year.  Everyone parties hard, too.

Diet time!  I've done ok so far, considering the travel.  This means I've
lost the weight I gained when I was on the road every week.

ckm

From: Suzanne Adams@ECT on 09/20/2000 04:20 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Dates to remember (not the single kind...)

I will put this on our calendars.  Too bad you won't make the Compaq thing,
but maybe next year.  San Antonio, wow what a let down from the other
cities.  That will be a nice time of year though.  I can recommend some good
restaurants since I took Ric there last year for his birthday.  We stayed at
the Menger and had a great time.

	Kay Mann@ENRON
	09/20/2000 04:18 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Dates to remember (not the single kind...)

This Friday - Michael goes for a visit at  St. Francis, which may be his new
school (so far, so good).  I'll be in around1000

Most Fridays I'm going to TRY to pick Michael up since I'm away so much,
which means leaving by 445 or so.

October 4, ENA orientation in the am.

October 19/20, Neil is out of town, so I have to pick Michael up from school
(leave at 430)

October 26/27, hope to be vacation time.  Neil has a meeting in San Antonio
(usually it is in Miami, San Francisco, Phoenix - not so great this year).
It is the officer's meeting for Enterprise, and spouses are invited.  This
means we won't be in town for the Compaq thing. Figures, of course.  Thanks
for asking.

I'm watching for some good vacation days, also...


Please see new draft:

 -----Original Message-----
From: 	Denne, Karen
Sent:	Wednesday, October 24, 2001 2:49 PM
To:	McMahon, Jeffrey; Bowen Jr., Raymond; Rogers, Rex
Cc:	Ford, Sue
Subject:	email to employees
Importance:	High

Please review the attached email, which we would like to send to employees at 3 p.m. today.  Let me know if you have any changes.

Thank you.

Karen
x39757


Agree wholeheartedly.

"Ronald Carroll" <rcarroll@bracepatt.com> on 03/23/2001 03:13:37 PM
To: <Alan.Comnes@enron.com>, <Susan.J.Mara@enron.com>
cc: <Chris.H.Foster@enron.com>, <Christian.Yoder@enron.com>,
<Christopher.F.Calger@enron.com>, <David.Leboe@enron.com>,
<David.Parquet@enron.com>, <dbenevid@enron.com>, <Harry.Kingerski@enron.com>,
<James.D.Steffes@enron.com>, <Janel.Guerrero@enron.com>,
<Jeff.Dasovich@enron.com>, <Joe.Hartsoe@enron.com>,
<John.J.Lavorato@enron.com>, <Karen.Denne@enron.com>,
<Leslie.Lawner@enron.com>, <Mark.Palmer@enron.com>, <Mary.Hain@enron.com>,
<nbresnan@enron.com>, <Phillip.K.Allen@enron.com>, <Ray.Alvarez@enron.com>,
<Richard.B.Sanders@enron.com>, <Richard.Shapiro@enron.com>,
<Sandra.McCubbin@enron.com>, <steve.hall@enron.com>,
<Steven.J.Kean@enron.com>, <Tim.Belden@enron.com>,
<Tim.Heizenrader@enron.com>

Subject: Re: Today's ISO Filings in Response to FERC Staff's Mitigation Plan

I recommend that we consider filing a motion for summary rejection of the
ISO's proposal on the ground that it is the product of an illegal board
seated in violation of FERC's governance orders that is a highly politicized
tool of Governor Davis, rather than an independent body.  In addition to the
legal arguments for dismissal, we could also rebut the ISO's economic and
market analysis.


NETWORK WORLD FUSION FOCUS: NEAL WEINBERG on PRODUCT REVIEW OF THE WEEK
Today's Focus: Videoconferencing picture clears up
03/14/00

Dear Wincenty Kaminski,

~~~~~~~~~~~~~~~This newsletter sponsored
by W. Quinn ~~~~~~~~~~~~~~~~~~

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Today's Focus: Videoconferencing picture clears up
---------------------------------------------------------------
By Neal Weinberg

If you,ve been turned off by the jumpy frames and poor audio quality
associated with real-time videoconferencing, the Reviewmeister has good
news for you.  There,s a new generation of videoconferencing end-point
devices that provide business-quality pictures and sound for under
$12,000.

We grabbed a box of popcorn and tested eight videoconferencing systems,
using 384K bit/sec ISDN and IP connections.

In the category of videoconferencing appliances  that is, standalone
systems that go in a conference room for group video sessions with
colleagues or business partners  Polycom,s ViewStation MP was the
clear winner.

The Polycom ViewStation provided outstanding video and audio quality.
In addition, it was easy to install, configure and use.

In the category of PC-based products, which are especially good for
virtual collaboration from your desktop, VCON,s MC800 was the hands-
down winner, based on its high-quality components.

The beauty of these products is they allow you to have a real-time
video image of the person you,re conferencing with in one corner of
the screen, with the rest of the space available for data collaboration.

If you,re in the market for a system, be sure to get one with a Sony
EVI D30/31 video camera; an unidirectional boundary microphone, like
the Audio Technica; and a quality sound mixer. And look for remote
administration and system management tools. For example, the
ViewStation allows you to upgrade software, change settings, or change
address book entries directly from the administrator,s system.

Most systems will allow you to transmit over ISDN or IP, but we found
performance over IP was dragged down by IP,s overhead requirements. For
the complete product review, go to:
http://www.nwfusion.com/reviews/2000/0313rev.html

Of course, there,s more to videoconferencing than end points, so we
whipped up an implementation guide that lays out the network topology,
bandwidth and quality-of-service issues.
http://www.nwfusion.com/reviews/2000/0313rev2.html

Based on our testing, the Reviewmeister says now is the time to start
pilot-testing a videoconferencing system. Your chief information
officer will love it when you tell him you can slash your company,s
airline and hotel bills because you,ve got people from all over the
company in virtual rather than face-to-face meetings.

Next week: We loaded Windows 2000 on a PC and a server and ran Gigabit
Ethernet to the desktop. Guess where the bottleneck was?

To contact Neal Weinberg:
----------------------
Neal Weinberg is features editor at Network World, in charge of product
reviews, Buyer's Guides, technology primers, how-tos, issue-oriented
feature stories and the Technology Insider series. You can reach him at
mailto:nweinber@nww.com.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
FOR RELATED LINKS -- Click here for Network World's home page:
http://www.nwfusion.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Videoconferencing picture clears up, Network World, 03/13/00
http://www.nwfusion.com/reviews/2000/0313rev.html

But implementation is still fuzzy, Network World, 03/13/00
http://www.nwfusion.com/reviews/2000/0313rev2.html

How we did it, Network World, 03/13/00
http://www.nwfusion.com/reviews/2000/0313how.html

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Copyright Network World, Inc., 2000


Company: 002909     Arng: 39229-06404     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     9,999                     0
Working                       9,999                     0
Capacity Allocation           9,999                     0
Confirmed                     9,969  CBL                0

Company: 002909     Arng: 39229-06894     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    20,371                     0
Working                      20,371                     0
Capacity Allocation          20,371                     0
Confirmed                    20,309  CBL                0

Company: 002909     Arng: 39229-07499     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    15,143                     0
Working                      15,143                     0
Capacity Allocation          15,143                     0
Confirmed                    15,097  CBL                0

Company: 002909     Arng: 39229-09253     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                         0                 4,739
Working                           0                 4,739
Capacity Allocation               0                 4,739
Confirmed                         0                 4,735  CBL

Company: 002909     Arng: 39229-10166     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     5,256                     0
Working                       5,256                     0
Capacity Allocation           5,256                     0
Confirmed                     2,274  CBL                0

Company: 002909     Arng: 39229-10167     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     7,500                     0
Working                       7,500                     0
Capacity Allocation           7,500                     0
Confirmed                     3,244  CBL                0

Company: 002909     Arng: 39229-10168     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     5,000                     0
Working                       5,000                     0
Capacity Allocation           5,000                     0
Confirmed                     2,163  CBL                0

Company: 002909     Arng: 39229-10169     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                     7,500                     0
Working                       7,500                     0
Capacity Allocation           7,500                     0
Confirmed                     3,244  CBL                0

Company: 002909     Arng: 39229-10170     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    13,831                     0
Working                      13,831                     0
Capacity Allocation          13,831                     0
Confirmed                     5,983  CBL                0

Company: 002909     Arng: 39229-10171     Eff Date: 2001-06-01

                        ----- Receipt -----   ----- Delivery -----
                           Quantity  Cut CD      Quantity  Cut CD

Nominated                    10,000                     0
Working                      10,000                     0
Capacity Allocation          10,000                     0
Confirmed                     4,327  CBL                0


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You're welcome so much!

Kate


PG&E is saying publicly (and the news is reporting) that PG&E has $500
million in cash, and it's payables are $583 M.

	"Ronald Carroll" <rcarroll@bracepatt.com>
	01/11/2001 09:05 AM

		 To: <rreilley@coral-energy.com>, <acomnes@enron.com>, <dfulton@enron.com>,
<jdasovic@enron.com>, <jhartso@enron.com>, <jsteffe@enron.com>,
<mary.hain@enron.com>, <smara@enron.com>, <snovose@enron.com>
		 cc:
		 Subject: PG&E Can't Make Next PX Payment

I have been informed that PG&E announced at the CPUC hearing yesterday that
it will not be able to make its next payment to the PX.  It owes $500+
million.


Mrs. Lovett asked me to forward the attached  memorandum to you.
?
Linda Gardner
?
?
 - Memorandum.doc


-----Original Message-----
From: Hara, Kathy [mailto:KHara@avistaenergy.com]
Sent: Tuesday, November 20, 2001 7:50 AM
To: Brian Malley (E-mail); Semperger, Cara; Dan Logman (E-mail); Scholtes, Diana; Jim Ewers (E-mail); Joe Cole (E-mail); John Hughes (E-mail); Jon Perry (E-mail); Kathleen Dunham (E-mail); Kevin McMahan (E-mail); Kimberly Werbner (E-mail); Larry Mayfield (E-mail); Burnett, Lisa; Little Boogie (E-mail); Meg Coleman (E-mail); Randy House (E-mail); Ron Hadwiger (E-mail); Robb Gray (E-mail); Stephanie Gerk (E-mail)
Subject: FW: Clinton

Subject: Fw: Clinton


Mr. Kean:

I assume that you have received my letter and enclosed information of
November 14.

If that material prompted any questions, I will answer them promptly.

I hope that with your continuing involvement that we can fund some of these
scholarships through the generosity of Enron executives such as yourself.

Thanks for your continuing interest.

C.MacDowell


Chris --

Given this development, now may be the right time for Enron to come in and
make a "public" offer to SDG&E.  We may be able to put some pressure on the
CPUC to approve a full requirements offer that works with the legislative
rate cap.

I'll be in contact with you to discuss.

Jim

To: James D Steffes/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Tim
Belden/HOU/ECT@ECT, David Parquet/SF/ECT@ECT, Jeff Dasovich/SFO/EES@EES
cc:
Subject: SDG&E Bilateral Authority Delay

Surprise, surprise.

SDG&E is afraid to do anything without the pre-approved reasonableness from
the CPUC which I don't think will be obtained.

Chris

Chris
---------------------- Forwarded by Chris H Foster/HOU/ECT on 09/11/2000
05:59 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Firooz, Sharon" <SFirooz@SDGE.com>
09/08/2000 05:32 PM

To: "Hart, Dana" <DHart@SDGE.com>, "'agalatic@internetconnect.net'"
<agalatic@internetconnect.net>, "'al_figueroa@vflet.com'"
<al_figueroa@vflet.com>, "'bbowman@coral-energy.com'"
<bbowman@coral-energy.com>, "'biggsbg@bp.com'" <biggsbg@bp.com>,
"'bob_anderson@apses.com'" <bob_anderson@apses.com>,
"'ccantor@sempratrading.com'" <ccantor@sempratrading.com>,
"'cfoster@enron.com'" <cfoster@enron.com>, "'david_metz@apsc.com'"
<david_metz@apsc.com>, "'dcazalet@apx.com'" <dcazalet@apx.com>,
"'dgordon@exchange.ml.com'" <dgordon@exchange.ml.com>,
"'dirk.andreas@nrgenergy.com'" <dirk.andreas@nrgenergy.com>,
"'dparque@ect.enron.com'" <dparque@ect.enron.com>,
"'dpenney@coral-energy.com'" <dpenney@coral-energy.com>,
"'emaddox@seawestwindpower.com'" <emaddox@seawestwindpower.com>,
"'gkosier@newenergy.com'" <gkosier@newenergy.com>, "'gluna@sempra-slns.com'"
<gluna@sempra-slns.com>, "'greg.kelly@gen.pge.com'" <greg.kelly@gen.pge.com>,
"'hreed@powersrc.com'" <hreed@powersrc.com>,
"'jackmcnamara.geothermal@att.net'" <jackmcnamara.geothermal@att.net>,
"'james.north@msdw.com'" <james.north@msdw.com>,
"'jay.alexander@southernenergy.com'" <jay.alexander@southernenergy.com>,
"'jdcoggin@srpnet.com'" <jdcoggin@srpnet.com>, "'jim_staggs@apses.com'"
<jim_staggs@apses.com>, "'jivey@utilicorp.com'" <jivey@utilicorp.com>,
"'john_h_stout@reliantenergy.com'" <john_h_stout@reliantenergy.com>,
"'jon.fischer@pacificorp.com'" <jon.fischer@pacificorp.com>,
"'jpmarchand@aep.com'" <jpmarchand@aep.com>,
"'Kristen_L_Sullivan@reliantenergy.com'"
<Kristen_L_Sullivan@reliantenergy.com>, "'lbryant@pnm.com'"
<lbryant@pnm.com>, "'leah.bissonette@williams.com'"
<leah.bissonette@williams.com>, "'Lhamilton@avistaenergy.com'"
<Lhamilton@avistaenergy.com>, "'marvin_k_ballard@reliantenergy.com'"
<marvin_k_ballard@reliantenergy.com>, "'medwar@ladwp.com'"
<medwar@ladwp.com>, "'njwa@dynegy.com'" <njwa@dynegy.com>,
"'peterc@calpine.com'" <peterc@calpine.com>, "'priced@epenergy.com'"
<priced@epenergy.com>, "'pscarpelli@retx.com'" <pscarpelli@retx.com>,
"'rproush@duke-energy.com'" <rproush@duke-energy.com>, "'rshimizu@mieco.com'"
<rshimizu@mieco.com>, "'sbvanleer@duke-energy.com'"
<sbvanleer@duke-energy.com>, "'shapp@caiso.com'" <shapp@caiso.com>,
"'stacey.kusters@powerex.com'" <stacey.kusters@powerex.com>,
"'szablyal@epenergy.com'" <szablyal@epenergy.com>,
"'tmcandrew@statoilenergy.com'" <tmcandrew@statoilenergy.com>
cc:
Subject: SDG&E Bilateral Authority Delay

SDG&E would like to inform you that  we did not gain authority from the
commission on 9/7 and cannot enter into bilateral trades at present; (2) we
anticipate receiving that approval on September 21; we will solicit new
proposals between now and then and look forward to your continuing
participation, as well as your assistance in gaining the necessary
regulatory approvals.  Thanks


These were entered late.

Kerri Thompson@ENRON
02/15/2001 02:26 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb checkout

missing deals for jeff

buy ees
162.50
25 mw
sp15
march
off peak

sell merril lynch
262.50
25 mw
sp15
march
off peak

buy ees
119.95
25 mw
sp15
april
off peak

sell idaho
120.00
25 mw
sp15
april
off peak

thanks


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/29/2001
06:00 PM ---------------------------

Darrell Duffie <duffie@stanford.edu> on 03/28/2001 08:07:38 AM
To: Vince J Kaminski <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: Enron default swaps

Vince: According to a Bank of America
publication, your (Enron) default swap spreads
are consistently trading about 80
basis points wider than your asset swaps.
Any idea of what is going on here?

Thanks for any guidance, Darrell

_____________________________________________
Darrell Duffie
mail  GSB Stanford CA 94305-5015 USA
phone 650 723 1976
fax   650 725 7979
email duffie@stanford.edu
web   http://www.stanford.edu/~duffie/
_____________________________________________


Steve --

In a discussion today with Mike, Kelly, etc., it was apparent that the Public
Affairs team viewed the Bahamas LNG transaction quite cautiously.  Given the
recent issues power plant development has had in Florida (big political
fights that are going the wrong way), I was wondering if it made sense to
bring together a meeting of all of Public Affairs and the deal team to
analyze the implications of our development plans.  My primary worry is that
P/L under water could have severe ecological implications that are not being
internalized into the transaction.

I would like to try and arrange a meeting to (1) ensure Public Affairs
coordination and (2) understand the deal impacts better.

Please advise if I'm worrying for no good reason.

Jim


Steve is out of the country this week - but I checked his schedule and it
looks like Nov. 29 in DC would work best.

I will go ahead and pencil that in on Steve's schedule.

    Maureen McVicker
    Steve's Assistant

	Stelzer@aol.com
	10/18/2000 09:23 AM

		 To: Steven.J.Kean@enron.com
		 cc:
		 Subject: Re: Advisory group

Do you prefer Nov. 29 or Dec. 4 in DC?


Things are going good in legal.  I am getting to work on some interesting
stuff.  I just finished working on a compressor deal with Mark Courtney.  It
was an asset and finance deal.  I got to work with the finance commercial and
legal types and learn quite a bit in a very short time.  It is hard to keep
up with the pace and not make a total fool of myself with my lack of
knowledge at this point.  Tense but fun.

I didn't see the any of the high school all star games.  I heard Babers and
Turner both looked very good in the Texas- California game.  Sounds like they
were covering some 6'5" bad asses from California and pretty much shut them
down.  At least that most other peoples opinion.  Sounds like Kenny Hayter
look pretty good.  Leading Texas rusher.  He sounds like a power runner not a
real juker.

I am really worried about the NC State game.  It would suck to lose the home
opener, but I think that is a very real possibility.  Their quarterback
sounds like a stud and they have some big recievers, ala UCLA.  I still think
we will at least go 7-4 probably 9-2 best case.  Your right though.   If we
fall flat with 5-6 or something it will slow the momentum Mack is building.
I just don't think that will happen.  Mack is too smart and can really get
these kids to overchieve.  I think his players believe and are motivated to
play hard.  Mackovic only won with offensive schemes and good athletes like
James Brown.  When you think about it though, Mack following Mackovic is
really going to pay dividends in the long run.  Mack Brown and Greg Davis
weren't exactly known for their high powered offense at UNC.  But Mackovic
had installed a strong passing game and quarterbacks which Mack and Greg
picked right up on.  Now we have kids like Mock, Williams, and Johnson
wanting to come here for the offensive scheme alone.  I like it.  It is going
to be fun in about 2 years with the quality of kids we are now getting.

I will think about the groups I have worked with and let you know on any
areas to go.  I have worked a lot with Larry Lawyer in the finance group and
know he is looking work people.  I don't know if this was the same stuff you
did in Denver or the same group.   Might be.  Those guys do work a lot of
hours.  Almost as bad as attorneys.  I will give it some thought.

Well, all for now.  Keep in touch.  I am glad you are going to be back in
Houston.  We will have some fun.  I want to hear all about how much you
really like Australian women or more specifically, how much they like you.

G$


Elizabeth,

Here is a quick draft at a script to get some broker quotes.  Unfortunately, we will not be able to get firm quotes because our counterparties will not give them to us.  As a consequence, we will only be able to get indicative quotes from brokers.  I am assuming that you are preoccupied with other pressing matters; If I don't hear from you by tomorrow on this, I will distribute this to the term traders, and then we can improve the script later.---sch

Hi,

I'm calling you back to go over the spreadsheet you sent me.  I need to make a record of this.  Could you please spell your name for me and give me your phone number?  And you work at ________?  Great.

I sent you a spreadsheet showing different delivery points and durations for the delivery of power.  Is that right?

And I asked you to provide indicative market prices for these products?  Is that right?

Were you able to provide some indicative prices?

How did you get those prices?

Do you believe that these prices accurately and substantially represent market prices at which counterparties would buy and sell power today, November ____, 2001?

Great.  Thank you.


Market Participants:

  The ISO has posted on its web site a template for your use
in submitting your final comments on the ISO's Congestion Management Reform
Recommendation that is part of its Comprehensive Market Redesign.  The
template is posted at http://www.caiso.com/clientserv/congestionreform.html
<http://www.caiso.com/clientserv/congestionreform.html> .  Final comments
are due to bwoertz@caiso.com <mailto:bwoertz@caiso.com>  by 5:00 p.m. PDT on
Thursday, August 31.  We will include a summary of all comments received to
the ISO Governing Board as part of the CMR Recommendation for their
approval.

  Please note that the template asks you to identify the name
of  the person submitting comments, the name of your organization (please
limit comments to one set per organization) and whether you would like to
have your comments posted on the ISO web site.

  Please contact me if you have any questions.

  Byron Woertz
  Director, Client Relations
  (916) 608-7066


Taffy did a great job setting all of this up so the visiting attorneys had
places to work and use the phone and their computers.  I don't know that it
is part of her job description -- she just saw the need and filled it.
----- Forwarded by Mark Taylor/HOU/ECT on 05/03/2001 06:14 PM -----

	Taffy Milligan
	04/30/2001 09:43 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Andrew Edison/NA/Enron@Enron, Angela
Davis/NA/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Anne C
Koehler/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Becky Spencer/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Brenda
Whitehead/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron, Carlos Sole@ENRON, Carol
St Clair@ECT, Carolyn George/Corp/Enron@ENRON, Cheryl Nelson/NA/Enron@Enron,
Claudia Meraz/HOU/ECT@ECT, Claudia Perez/NA/Enron@ENRON, Connie
Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Coralina
Rivera/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Dan J Hyvl/HOU/ECT@ECT, Dan
Lyons/HOU/ECT@ECT, Daniel R Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David
Portz/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT,
Diane Goode/NA/Enron@Enron, Dina Snow/Corp/Enron@Enron, Ed B Hearn III@ECT,
Eddy Daniels/NA/Enron@Enron, Elizabeth Sager/HOU/ECT@ECT, Eric
Gillaspie/HOU/ECT@ECT, Esmeralda Gonzalez/ENRON@enronXgate, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Frank
Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gail Brownfeld/ENRON@enronXgate,
Genia FitzGerald/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT, Gloria
Cruz/Corp/Enron@Enron, Harry M Collins/HOU/ECT@ECT, Holly
Keiser/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James Grace/Corp/Enron@ENRON,
Janet.H.Moore@enron.com, Janice R Moore/HOU/ECT@ECT, Jeffrey T Hodge@ECT,
John Viverito/Corp/Enron@Enron, Julia Murray/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Kay Mann/Corp/Enron@Enron, Kay Young/HOU/ECT@ECT,
Kaye Ellis/HOU/ECT@ECT, Kimberlee A Bennick@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Larry Pardue/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Laurie Mayer/HOU/ECT@ECT, Legal Temp 1/HOU/ECT@ECT, Legal Temp 2/HOU/ECT@ECT,
Legal Temp 3/HOU/ECT@ECT, Legal Temp 4/HOU/ECT@ECT, Legal Temp 5/HOU/ECT@ECT,
Legal Temp 6/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Limor
Nissan/ENRON@enronXgate, Linda J Simmons/HOU/ECT@ECT, Linda R
Guinn/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT,
Marcus Nettelton/NA/Enron@ENRON, Margaret
Doucette/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E Haedicke/HOU/ECT@ECT,
Mark Greenberg/NA/Enron@ENRON, Mark Taylor/HOU/ECT@ECT, Martha
Braddy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Martha Keesler/ENRON@enronXgate,
Mary Cook/HOU/ECT@ECT, Mary J Heinitz/HOU/ECT@ECT, MaryHelen
Martinez/NA/Enron@Enron, Mary Ogden/HOU/ECT@ECT, Matt
Maxwell/Corp/Enron@ENRON, Merrill W Haas/HOU/ECT@ECT, Michael A
Robison/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT, Michelle
Blaine/ENRON@enronXgate, Nancy Corbet/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Ned E Crady/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nita Garcia/NA/Enron@Enron,
Nony Flores/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Paula Craft/HOU/ECT@ECT,
Peggy Banczak/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Randy
Young/NA/Enron@Enron, Reginald Shanks/HOU/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, Robert Bruce/NA/Enron@Enron, Robert H
George/NA/Enron@Enron, Robert Walker/HOU/ECT@ECT, Roseann
Engeldorf/Enron@EnronXGate, Samantha Boyd/NA/Enron@Enron, Samantha
Ferguson/NA/Enron@Enron, Sandi M Braband/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Sarah Bruck/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
Shawna Flynn/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Stephanie
Truss/Enron@EnronXGate, Steve Van Hooser/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT,
Taffy Milligan/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Teresa G
Bushman/HOU/ECT@ECT, Theresa Zucha/NA/Enron@Enron, Travis
McCullough/HOU/ECT@ECT, Twanda Sweet/HOU/ECT@ECT, Wayne Gresham/HOU/ECT@ECT
		 cc:
		 Subject: Visiting Attorneys

Below is a list of attorneys that are visiting the Houston office prior to
the ENA Legal Conference.

Atty	Home Location	Ext.	Office
Justin Boyd	London	(713) 345-2520	EB3808
Rahul Saxena	London	(713) 345-2678	EB3807
Mathew Dawson	London	(713) 345-2680	EB3812
Mark Evans	London	(713) 345-2679	EB3811A
David Minns	Australia	(713) 345-2682	EB3883
Matt Lee	Japan	(713) 345-2681	EB3828
Limor Nissan	New York	(713) 345-2683	EB3891
Alison Moss	Teesside	(713) 345-2722	EB3858F


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Letting him stir is good in some ways but guys actually tend to like a lack
of clarity in relationships as it gives them more leeway.  However, I don't
really know the dynamic in your relationship at all.

So Angela and I made up from our huge saturday morning fight before I left on
Sunday and she cried like a baby when i left.  I feel so bad leaving her. She
is really broken hearted right now.


Thanks for your attention but I already bought a vehicle.

Chris Dorland


Please find the attached amendments provided to Chairman Leach yesterday
pursuant to his
request at the conclusion of our meeting late last week.

Stacy Carey
Director of US Policy

 - bankingamendments.doc


Dear Fletch and Kevin:

I have decided that due to my poor performance in the East Power group that I will need to resign from Enron Corporation.

I want you both to know that I have tremendous regard for you both as professionals and with respect to the group you have built.  Unfortunately I have never performed so poorly in a job function at Enron or any other organization I have been with in the past.  Therefore I think the best solution is for me to move on and look for employment elsewhere in a different career field or capacity.

As you are both well aware, I have struggled to effectively manage the risks I have taken on as a market maker and have hedged those risks ineffectively as per my P&L.  At my level of experience and responsibility I think that result is not acceptable.  My largest failure has been in my study over fundamentals to find something that consistently correlates with the off-peak Cinergy price movements to hedge the larger positions I have had during uncertain market times.  Also I have been ineffective at finding the other side of transactions in my book at a level which is inside my bid-offer spread.

I think you both gave me an opportunity of a lifetime and I apologize that I have let you down by not performing given the investment you made in me.  However I think that this is a better result for the company so that further losses are not sustained.  I will be in Monday to finish any responsibilities that are required to assist if necessary.

Sincerely,

Erik M. Simpson


Vince and Stinson,

Just got a copy of the attached paper and thought it may have some interest
for you guys.

On another note, I am putting together a workshop in the spring on the New
Economy and Business Education and will be seeking out some Enron network
people to join in the discussion (2-hours on Friday March 2nd).  I'll let
you know more as we work through the details.  The idea is to "brainstorm"
about the new world you guys work in every day and its implications for
what we should be doing.  Hope this is interesting to you and that you'll
want to spend the day with us.

Take care and enjoy the weekend.

John

 - risk.pdf

John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 05/09/2001
10:57 AM ---------------------------

"Rachel Haygood" <RHAYGOOD@Darbylaw.com> on 05/09/2001 09:43:38 AM
To: "Bridget Andriani" <BANDRIANI@Darbylaw.com>, "Kathleen Giorgi"
<KGIORGI@Darbylaw.com>, <MLEGNETTI@Darbylaw.com>, "Rita Murphy"
<RMURPHY@Darbylaw.com>, <tkuyken@enron.com>, <cynthiahibsch@msn.com>,
<mcrawford@russellstephens.com>
cc:
Subject: Fwd: FW: Careful what you write...

Received: from exchange.gscpartners.com ([216.213.79.61]) by darbylaw.com;
Wed, 09 May 2001 10:08:40 -0400
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<KKV2SQYR>; Wed, 9 May 2001 10:09:06 -0400
Message-ID: <4B2286395739D311BB13009027517574D748C3@exchange.gscp2.com>
From: " Kratish, Alison" <akratish@gscpartners.com>
To: "'rhaygood@darbylaw.com'" <rhaygood@darbylaw.com>
Subject: FW: Careful what you write...
Date: Wed, 9 May 2001 10:09:05 -0400
MIME-Version: 1.0
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Content-Type: text/plain; charset="iso-8859-1"

-----Original Message-----
From: Inglesby, Thomas V.
Sent: Wednesday, May 09, 2001 10:02 AM
To: Kratish, Alison
Subject: FW: Careful what you write...

A man enters his favorite ritzy restaurant and while sitting at his regular
table, he noticed a gorgeous woman sitting at a table nearby....all alone.
He calls the waiter over and asks for their most expensive bottle of Merlot
to be sent over to her - knowing that if she accepts it, she is his.

The waiter gets the bottle and quickly sends it over to the girl, saying
this from the gentleman. She looks at the wine and decides to send a note
over to the man.  The note read: "For me to accept this bottle, you need to
have a Mercedes in your garage, a million dollars in the bank, and 7 Inches
in your pants."

The man, after reading the note, sends one of his own back to her and it
read: "Just so you know - I  happen to have a Ferrari Testarosa, a BMW
850iL, and a Mercedes 560SEL in my garage; plus I have over twenty million
dollars in the bank. But, not even for a woman beautiful as you, would I cut
off
three inches.  Just send the bottle back."

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The report named: Violation/Notification Memo <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=60&report_name=Violation/Notification+Memo&category_cd=2&category_name=ENRON%20CONSOLIDATED&toc_hide=1&sTV1=2&TV1Exp=Y&current_efct_date=10/25/2001>, published as of 10/25/2001 is now available for viewing on the website.

(Revision: 2)

Publisher's Notes:

PRELIMINARY


its a truck and the eggs are not the same as the puppies , toddles

 -----Original Message-----
From: 	"Martinez, Ernesto Jr" <martier@cpchem.com>@ENRON
Sent:	Tuesday, November 13, 2001 10:26 AM
To:	Quigley, Dutch; Martinez, Ernesto Jr; dquigle@ect.enron.com; markm@cajunusa.com; jramirez@othon.com; jriches@cmsenergy.com; klyn@pdq.net; SIVA66@MAIL.EV1.NET; rs1119@aol.com; wolphguy@aol.com
Subject:	RE: Who's Next?

I thought that the train got "egged" this weekend by 2700 Huevos?

-----Original Message-----
From: Dutch.Quigley@enron.com [mailto:Dutch.Quigley@enron.com]
Sent: Tuesday, November 13, 2001 10:10 AM
To: martier@cpchem.com; dquigle@ect.enron.com; markm@cajunusa.com;
jramirez@othon.com; jriches@cmsenergy.com; klyn@pdq.net;
SIVA66@MAIL.EV1.NET; rs1119@aol.com; wolphguy@aol.com
Subject: RE: Who's Next?

I believe the dog is in the back of the KMB express truck along with all
the flees I picked up from Pierre's circus

dutch

    -----Original Message-----
   From:   "Martinez, Ernesto Jr" <martier@cpchem.com>@ENRON
   Sent:   Tuesday, November 13, 2001 10:02 AM
   To:     Henry Quigley (E-mail); HILLROD (E-mail); Joe Ramirez (E-mail);
             John R Riches (E-mail); Kevin Crawford (E-mail); My golf bitch
             (E-mail); Richard Smith (E-mail); Wolphguy (E-mail)
   Subject:  Who's Next?

   Once again, someone thought they could hang with the big DOG and ended
   up
   with Canine Teeth marks on his ass.  Sorry Richard!  Marshall Faulk just
   wasn't enough.  Don't take it personnal it's just the way it is.  Who
   dare
   try to come to my yard next?

   Fear the DOG!

   Is anyone on the Red Division ever going to take control?

   BTW Mark - You got knocked the f**k out!!

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may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
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relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
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I have a call in to Steve McCracken at CNR to find out if we will be getting
the CNR gas at TETCO M-2 for Jan.

Phil