Wednesday, November 21, 2001  Power Measurement   [IMAGE] HOME  - CONTENT SELECTION   - MEMBER SERVICES   - ADVERTISING   - PARTNERING   - CONTACT US      [IMAGE]          [IMAGE]  IN THIS ISSUE     [IMAGE]   [IMAGE]    Daily Edition for paul.d.thomas@enron.com  [IMAGE]     Electric Power News  Restructuring Today   RER's eMetrix Load Forecast: CAL ISO   Electric Power News - Top Stories  Electric Power News - Most Requested  Gas Industry News - Top Stories           Selected Content Not In This Issue  Utility Spotlight - Every Monday Utility Stock Price - Top Gainers - Each Tuesday         [IMAGE]  ELECTRIC POWER NEWS     [IMAGE]   [IMAGE]  [IMAGE] [IMAGE] Selected 65 of 65  Articles Today!      THESE ARTICLES BROUGHT TO YOU BY     Getting too many e-mails? Energy Central Direct enables you to receive  multiple subscriptions in one e-service! Need information on Latin  America's power industry? The Latin American Power Watch focuses  specifically on power industry developments in Latin America. Published  every two weeks, it covers new plant projects and transmission lines,  political and regulatory change, industry security issues, financing,  and trends in countries where a deregulated market for power exists.  Click here for your free two-week trial subscription, conveniently  delivered in Energy Central Direct.  http://www.energycentral.com/sections/ecdirect/ecd_content.cfm     [IMAGE]  [IMAGE]    Competitive Intelligence now available. Identify potential suitors,  those who threaten your position across the value chain or those who  demonstrate best practices with Company Profile Reports from Datamonitor. These reports are the definitive intelligence resource on 106 top  companies in the energy industry. Reports include: specific business  background, history, locations and subsidiaries, products, services and  key employees. View the list of Datamonitor's Company Profiles.  http://www.energycentral.com/sections/research/default.cfm?cpane=23003&rpublisher=11408&rtype=all         Top Stories     Time Constraints Blocking Electricity Restructuring Action   Nov 20, 2001 - E?Publishing Unless Congress works well past its new Dec. 7 deadline for adjournment, electricity restructuring is likely stalled for the year, a senior aide to Rep. Joe Barton (R-Texas), chairman of the House Energy and Air Quality Subcommittee, said last week.  [IMAGE]   FERC adopts new market power rules   WASHINGTON, Nov. 20 (Reuters) - The Federal Energy Regulatory Commission (FERC) on Tuesday announced a new policy it will use when considering power sellers' applications to trade electricity wholesale, to ensure that no firm can exercise unfair power.  [IMAGE]   N. America winter power supplies seen adequate-NERC   NEW YORK, Nov. 20 (Reuters) - Generating resources will be adequate to meet projected electricity demand in North America during the 2001/2002 winter season, according to a report issued on Tuesday by North America's electric reliability watchdog.  [IMAGE]   Entergy in alternate U.S. Southeast power grid plan   NEW YORK, Nov. 20 (Reuters) Entergy Corp. said Tuesday it has joined several other Southeastern utilities in a plan to amalgamate power transmission lines under one regional network.       Press Release     EXCELERGY PRODUCT AUTOMATES PROSPECT-TO-CUSTOMER TRANSITION FASTER THAN ANY OTHER ON THE MARKET   LEXINGTON, MA (November 16, 2001) -- Excelergy
 Corporation, the world?s first provider of open co-action software products to the energy/utility industry and other restructuring markets, is now delivering Excelergy Advanced Business Package for Prospecting as a stand-alone product to rapidly automate customer acquisition and enrollment processes. The product integrates simply with any existing customer information system to accelerate the transfer of a client?s prospects directly into its customer database.        EnvaPower's New Artificial Intelligence Software Makes Managing Electricity a No-Brainer   BOSTON, Mass., Nov. 14 -- EnvaPower, a cutting edge software development and service company in electricity market forecasting, introduces its 'smart' suite of products and services called PowerManager(TM).      Energy Security     Nuclear Agency Official Says Plants Have Multiple Defenses   Nov 19 - Record - Bergen County The United States has not received any credible threats to its nuclear power plants and there are multiple layers of defense in place to prevent an attack, a nuclear regulatory official said Saturday.       Wisconsin's Nuclear Plants `Prepared' for Disaster, Management Executive Says   By Lee Hawkins Jr., Milwaukee Journal Sentinel, Nov. 19 As the top executive at the company that manages Wisconsin's nuclear plants, Michael Sellman may have spent more time with the media in the past two months than in his entire career.       Reid developing legislation to improve plant security   Nov 19 - Las Vegas Review - Journal Sen. Harry Reid, D-Nev., said Friday he is developing legislation with Sen. Hillary Clinton, D-N.Y., to improve security at nuclear power plants, including stationing federal agents at reactors to deter potential terrorists.    [IMAGE] ADVERTISEMENT    Get the customized energy information YOU need. Content blocks  revolutionize Energy Central Direct. From utility stock prices to Dow  Jones 4 Corners Electricity Index to energy events, content blocks keep  you on top of what's most valuable to you. Customize your content blocks  today at http://www.energycentral.com/sections/ecdirect/ecd_content.cfm          California Crisis     FERC: Cal-ISO Must Stop DWR Preferential Treatment   Nov. 21 (Power Market Today) FERC today told the California Independent System Operator (Cal-ISO) that it may not give preferential treatment to California's Department of Water Resources (DWR), which the Commission said must be treated like any other scheduling coordinator. Special Offer from this Publisher!        Power Authority Frames Strategy   Nov. 20 (California Energy Markets) The California Power Authority has an ambitious plan to figure out what it should be doing in the name of reducing power supply volatility, promoting renewable resources and preventing future blackouts. Special Offer from this Publisher!       Competition & Deregulation     Purchase, N.Y.-Based NewPower's Plans for Texas Electricity Market Fall Short   By Elizabeth Goldman, Austin American-Statesman, Texas, Nov. 19 NewPower Holdings Inc. was supposed to be the new wave in deregulated electric markets.       EDF AND GDF LOSING CUSTOMERS   Nov 19, 2001, (Le Figaro /FT Information via COMTEX) --  The state-owned French electricity company EDF has announced that 111 of its customers and 186 industrial sites have opted for another electricity supplier since the deregulation of this market began.       Safety-net Electric Rates Fall in Houston area   Nov. 20 (News Release) An agreement between the Public Utility Commission (PUC) and a TXU affiliate known as Assurance Energy reduces previously announced rates and fees for guaranteed back-up electric service in the Houston area and south Texas when retail competition begins Jan. 1, 2002.     [IMAGE] ADVERTISEMENT    How has Enron remained a dominant factor in energy markets while other  firms have struggled? To find out visit: http://www.energycentral.com/links/show_mi.cfm?id=100386          Mergers, Acquisitions & Divestitures     Asset Sale Between TXU and EDF Supports European Strategies of Both Companies   By Will McNamara, IssueAlert, Nov. 20 (Scientech) TXU Corp. has agreed to sell its 2,000 MW coal-fired West Burton power station, near Retford, Nottinghamshire, England, to London Electricity Group for GBP366 million (U.S. $523 million). Special Offer from this Publisher!        Aquila hires advisers on UtiliCorp proposed offer   NEW YORK, Nov 20 (Reuters) Aquila Inc. on Tuesday said it hired independent advisers in connection to utility holding company UtiliCorp United Inc.'s proposed offer to reacquire the firm.       RWE's planned merger of Meag, Envia, Stadtwerke Leipzig fails   ESSEN, Germany, Nov 20, 2001 (AFX-Europe via COMTEX) --  RWE AG's RWE Plus AG said the planned merger of East German energy suppliers Meag, Envia and Stadtwerke Leipzig has failed, but Meag and Envia will continue their merger talks.       EdF reportedly mulls bid for AEP's Seeboard - London Electricity CEO   Nov 20 - AFX Electricite de France is interested in buying Seeboard, the southeast England electricity company owned by American Electric Power Co, the Financial Times reported, citing London Electricity PLC chief executive and chairman Bruno Lescoeur.       Alliant Energy Acquires Controlling Interest in SmartEnergy(TM)   MADISON, Wis., Nov. 20 /PRNewswire/ Alliant Energy Resources, the non-utility subsidiary of Alliant Energy, today announced it has increased its investment and acquired a controlling interest in SmartEnergy, one of the most successful residential energy marketers in New York State.       BRUSSELS AND SPANISH ECONOMY MINISTRY APPROVE ENEL'S TAKEOVER OF VIESGO   Nov 16, 2001, (Expansion /FT Information via COMTEX) --  The European Commission and the Spanish economy ministry have found no major obstacles to the takeover of Spanish electricity company Viesgo by Italian group Enel.      Legislation/Regulation     FERC to revise power tariffs, set refund plan   WASHINGTON, Nov 20 (Reuters) - The Federal Energy Regulatory Commission on Tuesday proposed revising all existing market-based rate tariffs and authorizations for electricity to prevent anti-competitive behavior among U.S. utilities.      General     Providence, R.I.-Area Panel to Cut Cord from Narragansett Electric   By Bob Wyss, Providence Journal, R.I., Nov. 20 The Narragansett Bay Commission wants to snip the wire it receives from Narragansett Electric and generate its own power.      Joint Ventures & Alliances     Mitsubishi Corp. to invest Y15.9 bln in U.S. power   TOKYO, Nov 20 (Reuters) Japanese trading house Mitsubishi Corp. said on Tuesday it would invest about 15.9 billion yen ($129.1 million) to expand its U.S. power business in cooperation with Tenaska Inc., an independent power producer.      Trading/Marketing     InterContinental Exchange launches weather derivatives   NEW YORK, Nov 20 (Reuters) The InterContinental Exchange (ICE), an Atlanta-based electronic marketplace, said in a statement Tuesday that weather derivatives are now available on its trading system.      New Technologies/Markets     Caterpillar Announces Joint Venture   Journal Star, Peoria, Ill., Nov. 20 Caterpillar Inc. announced it has signed an agreement with FuelCell Energy Inc. to distribute ultra-low emission fuel cell products.      Deals/Contracts     Electrabel Snatches Dcn Contract from Edf   Nov 19, 2001 - FT World Media Abstracts via Comtex Electrabel, the Belgian power group, has landed a contract with DCN, the ship-builder for the French navy, to supply electricity to five of DCN's sites.       $165m Hwange Power Deal   Nov 19, 2001 - Africa News Service ZIMBABWE has signed a US$3 million (Z$165m) contract with South African power utility, Eskom Enterprises (EE), to help it operate the Hwange Power station.      Power Pricing/Supply     Texas power grid seen ready for normal winter demand   NEW YORK, Nov 20 (Reuters) Texas power supplies remain well above expected demand this winter, according to a study released on Tuesday by the country's electric reliability watchdog.       Northeast US/Canada winter power adequate-NPCC   NEW YORK, Nov 20 (Reuters) Residents of the Northeast U.S. and Eastern Canada have no cause to fret about electricity supplies this winter, which should be adequate, according to a report by the region's electric reliability watchdog.       U.S. Southeast winter power use seen up 0.8 pct   NEW YORK, Nov 20 (Reuters) Peak demand for power in the Southeast was projected to rise by 0.8 percent to a record level this winter over demand in the same period last year, the North American Electric Reliability Council (NERC) said in its 2001/2002 winter assessment of U.S. bulk electricity supply.       Holiday Loads Counter Cooling to Soften Eastern Power Prices   Nov. 20 (Btu's Daily Power Report) Power traded mixed at hubs across the Eastern U.S. today in limited next day trading as cool weather countered holiday loads in the North to steady prices, while mild weather in the South combined with limited commercial and industrial demand expectations to soften cash there. Special Offer from this Publisher!        Slip Sliding Away   Nov. 19 (Energy Market Report) Western day-ahead electricity prices fell for the fifth consecutive day, underpinned by mild weather, low loads and rising Northwest hydro flows. Special Offer from this Publisher!       Transmission & Reliability     FERC oks Otter Tail asset transfer to Midwest ISO   WASHINGTON, Nov. 20 (Reuters) The Federal Energy Regulatory Commission on Tuesday approved the transfer of Otter Tail Power Co.'s transmission assets to the Midwest Independent System Operator (ISO).       Brazil: Government tries to advance start up of transmission line Norte-Sul II   Brazil, Nov 19, 2001 (O Globo/SABI via COMTEX) --  The Brazilian Ministry of Mines and Energy is trying to advance to December 2002, the start up of transmission line Norte-Sul II, originaly predicted to April 2003.       NYISO Approves Besicorp-Empire Electric Interconnection   KINGSTON, N.Y., Nov 20, 2001 (BUSINESS WIRE) --  Besicorp-Empire Development Company, LLC received approval of its System Reliability Impact Study for the electric interconnection of the project the Company plans to construct in the City of Rensselaer, New York.      Power Projects     Florida Power proposes a 500-MW plant for 2005   NEW YORK, Nov 20 (Reuters) Florida Power, a subsidiary of Progress Energy Inc., said Tuesday it plans to add about 500 megawatts (MW) of generating capacity to its Florida portfolio in November 2005.      Legal     Estag Launches Action Against Energy Alliance   Nov 20, 2001 - FT World Media Abstracts via Comtex Energie Steiermark Holding AG (Estag), the Austrian energy company, has announced that it is launching a legal action against the energy alliance between Osterreichische Elektrizitatswirtschafts-AG Verbundgesellschaft (Verbund) and Germany's E.ON.      Renewables     AEP Plans Strategic Growth in Renewable Generation   COLUMBUS, Ohio, Nov. 20 /PRNewswire/ American Electric Power, the nation's largest generator of electricity, made a significant foray into renewable energy with the completion of one of the nation's largest wind farms, the first step toward strategic growth in renewable generation.       Geothermal Systems Save Money for Residents in Mustang, Okla., Neighborhood   By Richard Mize, The Daily Oklahoman, Nov. 20 A year ago, natural gas prices were bouncing off the heavens and interest in Savannah Lakes, a neighborhood designed exclusively for homes with geothermal heating and cooling, was sky high, too.       After California Energy Crisis, Windmills Make Comeback and Create Conflicts   By Tracey Kaplan, San Jose Mercury News, Calif., Nov. 20 Propelled by California's energy crisis, windmills are making a comeback in the state's hinterlands.       Museveni Writes World Bank to Save Aes Dam   Nov 20, 2001 - Africa News Service Bujagali Hydro Electric Dam project has hit a snag forcing President Yoweri Museveni to write to the World Bank in a last minute effort to salvage it.       Undersea Grid Planned for Green Energy   Nov 20, 2001 - The Daily Telegraph London THE Government yesterday signalled the next stage of its efforts to raise the contribution from "green energy" with the launch of a study into a scheme for a 400-mile underwater electricity grid along the west coast of Britain.      Labor/Human Resources     Electrabel Becoming More Competitive   Nov 20, 2001 - FT World Media Abstracts via Comtex Belgian energy group Electrabel has reached a new stage in its efforts to become more competitive by reaching an agreement with some unions over conditions of recruiting new employees.      Fuel     Ontario, Calif.-Based Power Company Sees Biodiesel Product Certified   By Robert Chacon, The Business Press, Ontario, Calif., Nov. 19 Ontario-based Southern States Power Co. announced Nov. 8 it has received a key certification for its biodiesel fuel product.      Nuclear     Rio to Make Angra 3 Support Official   Brazil, Nov 20, 2001 (BNamericas.com via COMTEX) --  Brazil's Rio de Janeiro state will formally back construction of the 1,300MW Angra 3 nuclear plant, a project being developed by federally-owned Eletronuclear, Rio de Janeiro state energy department told BNamericas.       Lithuania: MP urges tougher stand in talks with EU on nuclear plant shutdown   Nov 19 - BBC Monitoring Former Soviet Union Lithuanian MP Kazimiera Prunskiene, who heads a parliamentary commission for problems related to the closure of the Ignalina nuclear power plant, has urged the government to adopt a tougher position in talks with the EU on the plant's decommissioning.       Nuclear Reactor Is Supplied to Iran   Nov 19, 2001 - A & G Information Service JSC "Izhorskiye Zavodi" has completed production of the nuclear reactor with a power of 1000 MW.      Financial     Edison Int'l says focus on repairing credit   LOS ANGELES, Nov 19 (Reuters) - Edison International, the parent of financially troubled utility Southern California Edison, said on Monday it will focus on repairing the damage California's power crisis caused to its balance sheet and returning to an investment-grade debt rating next year       Reliant surprised by latest Enron disclosure   HOUSTON, Nov 20 (Reuters) Reliant Resources Inc., a trading partner of beleaguered energy trading giant Enron Corp, said on Tuesday it was surprised by news that Enron could be forced to pay $690 million in debt next week because of a credit rating downgrade.       Enron stock hits decade low after debt warning   HOUSTON, Nov 20 (Reuters) - Shares of Enron Corp. plunged to their lowest level in more than a decade on investor concerns more debt problems loom at the crippled energy trading giant.      Financial - Ratings     S?may still cut Enron, expects Dynegy merger   NEW YORK, Nov 20 (Reuters) Enron Corp.'s debt ratings may still fall to junk status, Standard & Poor's said on Tuesday, a day after the energy trading giant said it may have to pay off a $690 million note next week, and owes $9.15 billion in debt and other obligations by the end of 2002.       Rating Agencies Could Downgrade EDP   Nov 20, 2001 (BNamericas.com via COMTEX) --  International credit rating agencies could downgrade Portuguese power company EDP due to the reduction of electricity rates in Portugal, a bilateral electricity agreement between Spain and Portugal and the company's international expansion, according investment bank Bear Stearns.      Financial - Results     Enron Makes Changes to Third-Quarter Earnings in SEC Filing   By Tom Fowler, Houston Chronicle, Nov. 20 Enron Corp.'s financial well-being continues to be a moving target as the company made more adjustments to its earnings Monday.       Eletrobras Reports R$1.548bil Profit   Nov 20, 2001 - South American Business Information The reduction of 20% on the consumption of energy in Brazil had a negative impact of R$407.053mil between June and September 2001.      International     Government Revives Sell-Off Plan for British Nuclear Fuels Firm   By Tim Webb, Sunday Business, London, Nov. 18 The government is to unveil plans for the privatisation of British Nuclear Fuels (BNFL) by the end of the year.       National Grid Group Sparks in the US   By Tim Webb, Sunday Business, London, Nov. 18 National Grid Group has come a long way since it was formed out of the privatisation of the electricity industry in 1990.       Philippine ERC says completed '70 pct' of Meralco rate increase review   MANILA, Nov 19, 2001 (AFX-Asia via COMTEX) --  The Energy Regulatory Commission (ERC) has completed "about 70 pct" of its review process on the tariff increase petition of the Manila Electric Co but cannot say when it will issue a decision, ERC chairwoman Fe Barin said.       Aneel Approves Power Imports   Brazil, Nov 20, 2001 (BNamericas.com via COMTEX) --  Brazil's electric power regulator Aneel has authorized the import of 88MW from Bolivia by Duke Trading, a subsidiary of US-based Duke Energy, Aneel said in a statement.       Argentina grants Cia Mercosur 20-yr 50 MW electricity export licence to Brazil   BUENOS AIRES, Nov 20, 2001 (AFX-Europe via COMTEX) --  Cia Comercializadora de Energia del Mercosur SA was awarded an export licence to sell 50 megawatts of energy to Cia de Interconexao in Brazil until June 2020, according to an energy and mining department resolution published in the Official Bulletin.       TotalFinaElf's Central Puerto gets 20-yr 1.2 GW electricity export licence   BUENOS AIRES, Nov 20, 2001 (AFX-Europe via COMTEX) --  TotalFinaElf SA power plant Central Puerto SA was awarded a 20-year export licence to sell 1.2 Gigawatt firm power and associated energy to Energia do Sul Ltda in Brazil, according to an energy and mining department resolution published in the Official Bulletin.       Del Ninno Says Enel Should Sell Fourth Genco   Nov 20, 2001 - FT World Media Abstracts via Comtex Mario Baldassarri, deputy economy minister, says that further tranches in Italian oil group ENI and in Italian electricity group Enel will soon be put on the market.       Uncertain Future for Enron in Argentina   Nov 20, 2001 - South American Business Information Dynegy will absorb Enron and the group's global operations are being restructured but in the local market Enron operations are uncertain.       Firms told 'put house in order'   Nov 19 - Northern Echo THE region's energy companies have been warned to put their house in order after an increase in complaints from consumers.       Investors Urge Energy Reforms - Mexico   Nov 20, 2001 - Business News Americas (BNamericas.com) Prospective investors in Mexico's energy industry have urged the government to consider several reforms to make the industry more attractive and flexible and achieve its stated investment goals.       Electrolima's Days Are Numbered   Nov 20, 2001 - South American Business Information The out-going Colombian minister for mines and energy, Ramiro Valencia Cossio, has indicated that the government is working on ways to liquidate the electricity group Electrolima (Electrificadora del Tolima) so as to create a new company in its place, offering services to the surrounding area   [IMAGE]     Powered by Energy Central   ? 2001 CyberTech, Inc. All rights reserved.  More News        Top   Allegro Development    [IMAGE]  RESTRUCTURING TODAY      [IMAGE]   [IMAGE]  [IMAGE] [IMAGE] November 21, 2001     Here's how Reliant is getting  ready for Texas market Hire 400 people to get ready  for Jan 1 opening      No we weren't talking about New York's ISO Steve Sullivan tells about a robust market      6 stories in 1.5 minutes:        Powered By US Publishing   ? 2001 US Publishing. All Rights Reserved.  More Info     Top   SchlumbergerSema    [IMAGE]  RER'S EMETRIX LOAD FORECAST: CAL ISO     [IMAGE]   [IMAGE]  [IMAGE]  Actual and forecasted hourly load for CAL ISO.  [IMAGE]  CAL ISO Chart    Powered By RER   ? 2001 RER. All Rights Reserved.    Top    [IMAGE]  ABOUT ENERGY CENTRAL DIRECT     [IMAGE]   [IMAGE]   ABOUT ENERGY CENTRAL DIRECT This e-mail summary service is provided FREE to qualified professionals in the power industry. This e-mail  summary may be redistributed provided it is kept in its entirety.    * Click here  to change your preferences.   * Visit Member Services  to START,  STOP, or CHANGE FORMAT for all of your e-mail subscriptions.    * To BEGIN receiving this service directly signup at www.enerycentral.com/sections/ecdirect/ .   * To STOP receiving this service  click here   or send a message to service@energycentral.com  or call Member Services at 303-782-5510.   PRESS RELEASES Submit press releases and other news to pr@energycentral.com .    SPONSORSHIP AND ADVERTISING For sponsorship or advertising info call sales at 303-782-5510.    TO DELIVER YOUR ARTICLES, PAPERS, PROCEEDINGS OR MONOGRAPHS THROUGH ENERGY CENTRAL: Energy Central provides a variety of mechanisms for delivery of information to power professionals including  this e-mail service, Energy Central Web Site (http://www.energycentral.com ), Energy Central Conference Watch? and others. We can deliver your information on a promotional, subscription  or a pay-per-view basis. For more information, contact Mark Johnson at 303-782-5510  mark.johnson@energycentral.com )      [IMAGE]   [IMAGE]  [IMAGE] NEW CONTENT! [IMAGE]    Include the following in your Energy Central Direct:  Electric Utility Restructuring Weekly Update  Closely tracked electric utility restructuring developments across the country.   Energy Central News Search  Search for Electric Power or Gas news stories up to 30 days old.        Excelergy   [IMAGE] SchlumbergerSema   [IMAGE] Caminus   [IMAGE] RER   [IMAGE] The Structure Group   [IMAGE] Henwood Energy Services   [IMAGE] KWI   [IMAGE] LODESTAR CORPORATION   [IMAGE]   TALK TO US [IMAGE]  Ideas Wanted!  We are eager to hear your ideas, feedback, and suggestions for this product.  Together we will create the most useful information tool for the electric power industry.   Partners Wanted!  Reach over 25,000 electric power professionals with your news, analysis,  commentary or insight into the industry. Call Mark Johnson at 303-782-5510      Advertisement  Williams Energy      ELECTRIC POWER NEWS - TOP STORIES [IMAGE] [IMAGE]  Energy Central's editors have selected these as the top stories of the day:    Entergy in alternate U.S. Southeast power grid plan  NEW YORK, Nov. 20 (Reuters) FERC adopts new market power rules  WASHINGTON, Nov. 20 (Reuters) - N. America winter power supplies seen adequate-NERC  NEW YORK, Nov. 20 (Reuters) - Time Constraints Blocking Electricity Restructuring Action  Nov 20, 2001 - E?Publishing    Advertisement Call for White Papers      ELECTRIC POWER NEWS - MOST REQUESTED [IMAGE]  We're sorry, but we're unable to retrieve the information needed to create this content block.    GAS INDUSTRY NEWS - TOP STORIES [IMAGE] [IMAGE]  Energy Central's editors have selected these as the top stories of the day:    FERC OKs expanded El Paso natural gas pipeline  WASHINGTON, Nov. 20 (Reuters) Laclede Gas Starts Taking Applications in St. Louis under Cold Weather Rule  By Repps Hudson, St. Louis Post-Dispatch, Nov. 20 Pipeline Industry Leaders Come Together on Pipe Safety Bill  Nov. 21 (NGI's Daily Gas Price Index)           [IMAGE]     HOME  - PERSONALIZE  - MEMBER SERVICES  - ADVERTISING  - PARTNERING  - CONTACT US          Copyright ? 1996-2001 by CyberTech, Inc.   All rights reserved.       Energy Central
 is a registered trademark of CyberTech, Incorporated. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements;  nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or  consequential damages (including lost data, information or profits) sustained or incurred in connection with the  use of, operation of, or inability to use Energy Central. Contact: 303-782-5510 or service@energycentral.com


Tanya and Bill,
Enclosed are materials on Revised Article 9 of the UCC.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 05/31/2001 02:44 PM -----

	"Lech Kalembka" <Lech.Kalembka@cwt.com>
	05/31/2001 02:35 PM

		 To: carol.st.clair@enron.com
		 cc: "David Mitchell" <David.Mitchell@cwt.com>
		 Subject: Revised UCC

As we discussed, I have attached a memo that discusses the Revised UCC
generally and an outline that focuses on the transition.  Please call me if
you have any questions.

(See attached file: #441719 v1 - Revised UCC Memo.doc)(See attached file:
#561103 v4 - Revised Article 9 Transition Memo.doc)

Lech Kalembka
Cadwalader, Wickersham & Taft
100 Maiden Lane
New York, NY  10038
Tel.: (212) 504-6918
Fax: (212) 504-6666
E-mail: lech.kalembka@cwt.com
==============================================================================
NOTE:  The information in this email is confidential and may be legally
privileged.  If you are not the intended recipient, you must not read, use or
disseminate the information.  Although this email and any attachments are
believed to be free of any virus or other defect
that might affect any computer system into which it is received and opened,
it is the responsibility of the recipient to ensure that it is virus free and
no responsibility is accepted by Cadwalader, Wickersham
& Taft for any loss or damage arising in any way from its use.

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

 - #441719 v1 - Revised UCC Memo.doc
 - #561103 v4 - Revised Article 9 Transition Memo.doc


I didn't forget, I'm just new to Lotus...


John:
FYI.  I've sent them a response which I will send to you.
Carol
---------------------- Forwarded by Carol St Clair/HOU/ECT on 04/14/2000
09:27 AM ---------------------------

Susan Bailey
04/12/2000 05:44 PM
To: Carol St Clair/HOU/ECT@ECT
cc:
Subject: ISDA Amendment btw Enron & TransCanada

Carol,

I had hoped all was well with the First Amendment with TransCanada; however,
they are now requested certain changes.  Therefore, I am forwarding this
message onto you for your review and comments.

Just let me know what is decided so that execution copies can be generated.

Thanks
---------------------- Forwarded by Susan Bailey/HOU/ECT on 04/12/2000 05:44
PM ---------------------------

"Karen Ector" <karen_ector@transcanada.com> on 04/12/2000 05:32:44 PM
To: Susan.Bailey@enron.com
cc:
Subject: ISDA Amendment btw Enron & TransCanada

Susan:

My apologies in advance for causing you more work!

Although TransCanada previously consented to the format of amendment proposed
by Enron, upon closer review of this document, there are certain changes
requires by TransCanada, prior to execution.

E.4.(a) - TEFP will not agree to this point.  Will Enron consider not
including
this language in the amendment?

E.4.(b) - please redraft, so that a Letter of Credit (L/C) may be drawn upon
in
the event of default, only if the L/C holder is owed money.

E.4.(c) - why does Enron want this change?

F. - please redraft so that an L/C may be drawn upon if there is an event of
default, only up to an amount equal to the exposure amount.  Also please
remove
all references to 'transferable' throughout the L/C.

Thank you for your assistance.  Again, I am sorry to have reneged on our
agreement.

Karen


Ditto as to my feelings of isolation and punishment.
---------------------- Forwarded by Tana Jones/HOU/ECT on 09/02/99 10:10 AM
---------------------------

Marie Heard on 09/02/99 10:06:36 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Rotation of Confirmation Desk Calls

---------------------- Forwarded by Marie Heard/HOU/ECT on 09/02/99 10:06 AM
---------------------------

Shari Stack
09/02/99 09:34 AM
To: Susan Bailey/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc:
Subject: Rotation of Confirmation Desk Calls

f.y.i.
---------------------- Forwarded by Shari Stack/HOU/ECT on 09/02/99 09:33 AM
---------------------------

Sara Shackleton
09/01/99 06:58 PM
To: Andrea R Guillen/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Pamela
Conner/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT
cc: Mark - ECT Legal Taylor/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Rotation of Confirmation Desk Calls

Effective immediately, all questions from the confirmation desk to legal
should be routed to a designated paralegal on a quarterly basis (with the
exception of the very first rotation) as follows:

Susan Bailey - X34737  September 1, 1999 - December 31, 1999
Susan Flynn  -  X30975                    January 1, 2000       - March 31,
2000
Marie Heard -  X33907                     April 1, 2000             - June
30, 2000

You will be advised of subsequent rotations.  Please do NOT route calls to
Tana Jones who will be spending most of her time working on special projects
for our group.

This procedure should not affect any existing arrangements you may have with
a particular attorney.

Please contact me if you have any questions.  Sara


Attached are the fred files for the requested months.  I have to revise the
0002 column on the summary schedule.  I lumped everything by mistake into the
FT adjustment column.  We have to have 2 of the liquidations tsf to
Transport.  On this one, look at the recon variances tab and answer my
questions.  On 9911 look at the AVAR tab.  The deals highlighted in brown is
the one that gas accounting - Jim Little should be reviewing.  On 9909 look
at the AVAR tab and the three deals highlighted in yellow.  You will notice
some of the same deal numbers here.  Let me know what you think.
PL


PLEASE NOTE - THE EXPIRATION DATE ON THE PRIOR NOTICE WAS INCORRECT. The
CORRECT expiration date for the May 2001 options contract for Platinum (POK1)
is Wednesday, April 18, 2001.

Notice No. 01-112
April 2, 2001

TO:
All NYMEX Division Members/Member Firms
All NYMEX Division Clearing Members
All NYMEX Division Floor Traders
All NYMEX Division Operations Managers

FROM:
George Henderson, Vice President

RE:
Options Expiration Operational Procedures for the Trading
Floor and Clearing Members
________________________________________________________________

The expiration date for the May 2001 options contract for Platinum (POK1) is
Wednesday, April 18, 2001.

GENERAL OPERATIONAL PROCEDURES

All Clearing Members and Qualified Floor Traders that carried an options
position as of the close of business day prior to the expiration day, or
engaged in trading activity on Expiration Day in the expiring options
contract will be required to have a knowledgeable, duly authorized
representative present at their normal work station promptly at 5:30 p.m.
until released by the Exchange staff as specified below.  All adjustments
and/or corrections, must be accompanied by relevant supporting documentation
prior to being incorporated into expiration processing, in essence making the
expiration processing an extension of the afternoon trade resolution
procedures.  All input to the NYMEX Clearing Department will conclude no
later than 30 minutes after floor representatives are released.

Exchange Clearing (299-2110), Floor Trade Correction (299-2068 and 299-2169)
personnel, as well as a representative of the Floor Committee will be
available to assist with the processing of notices of Exercise and
Abandonment, position transfers, trade corrections and other questions or
problems you may have.

CLEARING DEPARTMENT OPERATIONAL PROCEDURES

The Option Expiration process is a screen based process for which all
information is provided on the screens on C21 terminals. No Option Expiration
Reports will be provided. The following screens will assist you through the
Option Expiration process:

MEMBER TRADE INQUIRY
Contains real-time top day trade information, trade information for the
previous 4 business days and trades adjusted for the previous 4 business days
by adjustment date.

SINGLE POSITION MAINTENANCE
Contains a real-time snapshot for each option series from the start of day
position to the projected end of day position.

REVIEW ACCEPT REJECT TRANSFERS
Contains all trade and position transfers "TO" your firm and the status of
each transfer.

REVIEW SUBMITTED TRANSFERS
Contains all trade and position transfer "FROM" your firm and the status of
each transfer.

EXERCISE NOTICE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to exercise.

DO NOT EXERCISE SUBMISSION
Contains your available long position and an input field to enter the number
of long positions you wish to abandon.

POSITION CHANGE SUBMISSION
PCS may be submitted either by manual input or by electronic transmission.
Any PCS input on a Clearing 21 terminal will be the input processed by the
system.  This input may be made at any time prior to 6:45 p.m.  Any PCS input
via transmission for that contract series will be disregarded.

ALL POSITIONS ARE DEEMED FINAL
Upon completion of all PCS input, all positions will be deemed final.

EXERCISE/ASSIGNMENT INFORMATION
Will be available to you on the Single Position Maintenance window by
contract series or the Assignment List window which contains all your
Assignments on one window. You will be notified of its availability by C21
E-Mail and by Fast Facts. This should occur within 1 hour of the last PCS
input.

All Clearing Members are required to have an authorized representative(s) at
their C21 workstations in preparation for any communication during the
expiration process.

FAST FACTS
Clearing Members should call the Fast Facts information service 301-4871,
access code 700 for event messages advising Members of the event status.

E-MAIL
Clearing Members should read their C21 E-Mail messages immediately to be
aware of event status.

The standard event Fast Facts and/or E-Mail messages and the sequence in
which they will be announced are:

Standard Event Message: Announce Out-of-the Money Exercise and In-the-Money
Do Not Exercise Submissions
Approximate Time of Message Availability: 5:45 PM
Usual Event Time: 5:45 PM
Announced via Fast Facts

Standard Event Message: Announce Final Input to C21 Cutoff Time
Approximate Time of Message Availability: 6:30 PM
Usual Event Time: 6:45 PM
Announced via e-mail

Standard Event Message: All positions are deemed final
Approximate Time of Message Availability: 7:30 PM
Usual Event Time: 6:45 PM
Announced via Fast Facts

Standard Event Message: Announce Exercise/Assignment Information Available on
the Single Position Maintenance Windows
Approximate Time of Message Availability: 8:25 PM
Usual Event Time: 8:30 PM
Announced via Fast Facts and e-mail

Standard Event Message: All Report Distribution is completed
Approximate Time of Message Availability: 11:00 PM
Usual Event Time: 11:00 PM
Announced via Fast Facts

The times appearing in the Usual Event Time column are based on normal
operational conditions and could vary.

NYMEX EXPIRATION DAY PROCESSING OVERVIEW OF MEMBER REQUIREMENTS

Time: 5:30 PM
Activity: Exercise Notice Submission
Event: Input to C21 Cutoff Time
Reference Number: 1

Time: 5:30 PM
Activity: Do Not Exercise Submission
Event: Input to C21 Cutoff Time
Reference Number: 2

Time: 5:45 PM
Activity: Announce Out-of-the-Money Exercise and In-the-Money Do Not Exercise
Submissions
Event: Fast Facts Notice
Reference Number: 3

Time: 6:30 PM
Activity: Announce Final Input to C21 Cutoff Time
Event: C21 E-mail
Reference Number: 4

Time: 6:45 PM
Activity: Final Input to C21 Cutoff Time
Reference Number: 5

Time: 7:30 PM
Activity: All Positions are Deemed Final
Event: Fast Facts Notice
Reference Number: 6

Time: 8:25 PM
Activity: Announce Exercise/Assignment Information Available on the Single
Position Maintenance Windows
Event: Fast Facts Notice and C21 E-mail
Reference Number: 7

If you have any questions concerning these procedures, please contact Charles
V. Bebel at 299-2130, Angel Rivera at 299-2150 or Anthony Di Benedetto at
299-2152 prior to the expiration date.

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

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(01-112)"

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


I've changed deal 547478 to reflect the correct price - $109.90 off peak and
$174.15 on peak - and made a note in our deal correction report. Please keep
me informed on any discrepancies you run across. I'll be happy to look into
it.

Thanks,
Kate

Mark Confer
03/20/2001 08:36 AM
To: Kate Symes/PDX/ECT@ECT
cc: Bill Williams III/PDX/ECT@ECT, Virginia Thompson/PDX/ECT@ECT

Subject:

Kate, I am working with Brooklyn Couch with EES on the March power activity
and she has a deal referring to the schedule received from you.  Deal  #
547478.1 we have peak @ $164.15, off peak @ $99.90.   EES shows per the
schedule $174.15 & $109.90.

I spoke with Virginia and we agreed that variances which are listed as part
of the schedule I will forward to you.  All others will go in to DMS.

Please let me know what you find out.

Thanks,

Mark


Dan, thanks for your help on this. I've forwarded the latest to John Ulrich
for signature.  In case I forget, please remind me to send you a certified
copy of the resolution.  I know it's been signed by all, including the
mayor.  The PG&E bankruptcy has taken up a lot of my attention, and I may
not remember to ensure that staff gets a copy to send with the executed
contract.  Grant Kolling.

-----Original Message-----
From: Dan.J.Hyvl@enron.com [mailto:Dan.J.Hyvl@enron.com]
Sent: Friday, April 06, 2001 10:56 AM
To: Kolling, Grant; Kim.Ward@enron.com
Subject: RE: Enfolio Master Firm Purchase/Sale Agreement

(See attached file: 2001-002ctr.doc)

Grant,
     One last change,  Kim Ward agreed to reduce the penalty provisions in
3.2 and 3.4 from $0.15 to $0.015.  The rest of the contract was unchanged.
As stated in previous email, please forward two signed originals to me for
Enron's further handling.


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/12/2001
09:50 AM ---------------------------

Cchao@cook-inlet.com on 04/12/2001 08:44:48 AM
To: matthew.lenhart@enron.com, steve.south@enron.com
cc:

Subject: FW: Staples Center & Houston Astros

Hey boys,

It looks like we got tickets to the Astros baseball games. If you guys are
interested, let me know and I will reserve it for you. Please pass this
along to Frank for me.

Steve - you can take your dozen kids to the game:)

Have a great Easter weekend!

> HOUSTON ASTRO TICKETS at Enron Field:
> http://astros.mlb.com/NASApp/mlb/hou/ballpark/hou_ballpark_seating.jsp
>
> * 25-Apr-01 Astros  Braves  7:05 PM 4 Sec.
> 112 (3rd Base)
> * 27-Apr-01 Astros  Marlins  7:05 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 20-May-01 Astros  Reds  1:35 PM 4 Sec.
> 112 (3rd Base)
> * 20-May-01 Astros  Reds  1:35 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 3-Jul-01 Astros  Diamondbacks 7:05 PM 4 Sec.
> 112 (3rd Base)
> * 3-Jul-01 Astros  Diamondbacks 7:05 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 17-Jul-01 Astros  Indians  7:05 PM 4 Sec.
> 112 (3rd Base)
> * 17-Jul-01 Astros  Indians  7:05 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 1-Aug-01 Astros  Mets  7:05 PM 4 Sec.
> 112 (3rd Base)
> * 2-Aug-01 Astros  Mets  7:05 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 16-Aug-01 Astros  Pirates    4
> Sec. 112 (3rd Base)
> * 18-Aug-01 Astros  Pirates  7:05 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 7-Sep-01 Astros  Brewers    4
> Sec. 112 (3rd Base)
> * 9-Sep-01 Astros  Brewers  1:35 PM 4 Sec.
> 118 (Dugout/Home Plate)
> * 23-Sep-01 Astros  Cubs  1:35 PM 4 Sec.
> 112 (3rd Base)
> * 25-Sep-01 Astros  Cardinals 1:35 PM 4 Sec.
> 118 (Dugout/Home Plate)
>
Cindy


Steve,

Attached is the invitee/attendee list from this morning's arena meeting, per
your request.

Vanessa


----- Forwarded by Jeff Dasovich/NA/Enron on 11/15/2000 08:59 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	11/14/2000 06:29 PM

		 To: <Barbara_Klemstine@apsc.com>, <Bob_Anderson@apses.com>,
<dcazalet@apx.com>, <billr@calpine.com>, <jackp@calpine.com>,
<glwaas@calpx.com>, <Ken_Czarnecki@calpx.com>, <cabaker@duke-energy.com>,
<gavaughn@duke-energy.com>, <rjhickok@duke-energy.com>, <gtbl@dynegy.com>,
<KEWH@dynegy.com>, <jdasovic@enron.com>, <susan_j_mara@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <rsnichol@newwestenergy.com>,
<rllamkin@seiworldwide.com>, <cfi1@tca-us.com>, <roger.pelote@williams.com>
		 cc:
		 Subject: SCE Files Suit

Attached is a brief summary of a lawsuit which was filed in U.S. District
Court by Edison yesterday:

So Cal Edison v. Loretta Lynch, Henry Duque, Josiah Neeper, Richard Bilas,
Carl Wood, as commissioners for CA PUC

11/13

CV00-12056 RSWL

Complaint for declaratory relief, saying SCE,s costs for purchase of
electricity have skyrocketed while the rate at which it sells electricity to
consumers is frozen by state law, resulting in a loss of $1.2 billion.

I will obtain a copy of the complaint and let you know the specifics.

Dan


Dave, I am planning on driving up after I get off work on Saturday morning
and should be up in Seattle by about 10:30 or so.  I will probably just go to
Jorge's and crash out until you arrive.  Have you guys made any plans for
Saturday night?  I talked to Donald, he wasn't aware that you were even
coming but he said he would like to do something with all of us.  We actually
talked about maybe going skiing on sunday I don't know if you would be
intereseted in doing  that.


Hey,

I was just getting ready to send you an e-mail and I opened my mail and there
you were.  Things are going okay, the market is down 14 cents so we'll see
where it ends up.

Yes, good news, my dad got out of the hospital yesterday and they called just
as I was leaving for rehearsal and he's doing pretty well.  He still is
extremely tired and has not regained his strength, but Praise God, at least
he's out of the hospital and in good spirits.  I suspect that there is alot
that goes on that they don't tell me, so I really don't know everything.  But
I made them promise to give me things, as they happen.  I'm going down there
next month.  We get President's Day off and I'll be on my way.  Todd wants to
drive, but I don't see the point, when the weather may turn on you in a
heartbeat, and especially with Kendall.  He's drive us crazy!

Anyway, we have a three day weekend this week, with Dr.King's birthday, are
you off?

I spoke with Robin last night and she was mainly complaining about her job,
but she's hanging in there.

See you later!


Please provide your assistance in completing the attached questionnaire
relating to 2000 lobbying activities.  I would like to receive all completed
questionnaires on or before March 9, 2001.  If you have any questions, please
feel free to contact me at 713-345-8362.  Thanks so much for your help.

Tara Rafter
Director
Enron Corp. Tax Planning


Sounds good, do you need my phone#??/cell-303-638-0298
Isn't that Tim's e-mail address?????????? If so I'll e-mail him with the latest.
Debbe.

----- Original Message -----
From: Lucci, Paul T.
Sent: Tuesday, October 23, 2001 8:34 AM
To: Deborah Herbertson
Subject: RE: Hi!

Next work does look better.  I'll keep you posted on Thursday night.  Have you talked to Tim?  I don't have a way to get in touch with him.

-----Original Message-----
From: Deborah Herbertson [mailto:felinewoman@msn.com]
Sent: Tuesday, October 23, 2001 7:48 AM
To: Lucci, Paul T.
Subject: Re: Hi!

Friday won't work for me. Thursday would be better. Let me know more towards Thurs. if your dinner cancels or not. If it doesn't, how does Tues. of next week sound???? the 30th?
Debbe.

----- Original Message -----
From: Lucci, Paul T.
Sent: Monday, October 22, 2001 4:11 PM
To: Deborah Herbertson
Subject: RE: Hi!

Saturday doesn't work for me.  Email Tim at www.discovery@cmconline.com <http://www.discovery@cmconline.com/>.  I think I'm free Thursday night but I may be taking a customer to dinner.  What does Friday night look like?

-----Original Message-----
From: Deborah Herbertson [mailto:felinewoman@msn.com]
Sent: Monday, October 22, 2001 3:42 PM
To: Lucci, Paul T.
Subject: Re: Hi!

I have been in a new position (orientation) for the past 4 weeks, and been VERY busy myself.  How about Thursday or Saturday. The only days Carolyn can't would be Wed.'s
 I think we should all meet somewhere for drinks and go from there. Please e-mail Tim, and also give me his address for Carolyn.
Let me know what you think so I can at least alert Carolyn as well.
Debbe.

----- Original Message -----
From: Lucci, Paul T.
Sent: Monday, October 22, 2001 8:21 AM
To: Deborah Herbertson
Subject: RE: Hi!

Hey what are you guys doing partying without me.  Yes I have been traveling, in fact I have been gone almost all October, up through the 15th.  But I'm finished.   When are you thinking of getting together?

-----Original Message-----
From: Deborah Herbertson [mailto:felinewoman@msn.com]
Sent: Saturday, October 20, 2001 5:41 PM
To: plucci@enron.com
Subject: Hi!

Hi Paul,

Ran into "Tim" at Sambuca's Friday night, and he was wondering what happened to our "get together" we were supposed to have several weeks ago????
I told him I hadn't heard back from you, therefore assumed you were not interested. He said he thought you were out of town a great deal, but was going to e-mail you because he wants possibly to set something up with us four. (Myself, Carolyn and you two)
No problem if you are too busy, believe me I understand.........or whatever the reason might be.

Take care,
Debbe.

**********************************************************************
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.
**********************************************************************


Kim,

Here is the draft for Arizona  Public Service.

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


He did!

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


Looking good. Closed at 40.25

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, August 15, 2001 3:39 PM
To:	Dorland, Chris
Subject:	RE:

Went to the gym. Missed my window. Try again tomorrow.

 -----Original Message-----
From: 	Dorland, Chris
Sent:	Wednesday, August 15, 2001 3:31 PM
To:	Dorland, Dan
Subject:	RE:

Just sold half my ENE's.

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, August 15, 2001 1:12 PM
To:	Dorland, Chris
Subject:	RE:

Yep.. I was thinking $41 and I sell

 -----Original Message-----
From: 	Dorland, Chris
Sent:	Wednesday, August 15, 2001 2:10 PM
To:	Dorland, Dan
Subject:	RE:

Nice! I think you hang on untill just before it fills the gap in the chart at yesterday's low of 42.

 -----Original Message-----
From: 	Dorland, Dan
Sent:	Wednesday, August 15, 2001 1:06 PM
To:	Dorland, Chris
Subject:	RE:

55 at $37. Your to rich for my blood.

 -----Original Message-----
From: 	Dorland, Chris
Sent:	Wednesday, August 15, 2001 1:56 PM
To:	Dorland, Dan
Subject:

Did you buy any ? I have the golden touch. 500 at 37


Te quiero tambien.


Susan:
Per my voice mail, here is the form of Energen Guaranty.  Please use this to
create the Enron Guaranty.
Carol


Please get available dates.  I need to be there for this.
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/07/2001
10:56 AM ---------------------------
From: Mark Palmer on 05/04/2001 10:40 AM
Sent by: Cindy Derecskey
To: John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Karen
Denne/Corp/Enron@ENRON, Christie Patrick/HOU/ECT@ECT, Dennis
Vegas/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kelly Kimberly/Enron
Communications@Enron Communications, Peggy Mahoney/HOU/EES@EES, Eric
Thode/Corp/Enron@ENRON, Jackie Gentle/LON/ECT@ECT, Gina
Taylor/Enron@EnronXGate, Elyse Kalmans/Enron@EnronXGate, Steven J
Kean/NA/Enron@Enron
cc: Carla Galvan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pat
Radford/HOU/ECT@ECT, Melinda McCarty/Corp/Enron@Enron, Mireya
Olsen/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Stacy Walker/Enron
Communications@Enron Communications, Cindy Cicchetti/HOU/EES@EES, Renee
Anderson/NA/Enron@Enron, Alma Martinez/Enron@EnronXGate, Zulie
Flores/Enron@EnronXGate, Maureen McVicker/NA/Enron@Enron

Subject: HIGH PRIORITY - PR's PRC Meeting

It's that time again...

We would like to schedule PR's PRC meeting prior to Steve Kean's FINAL PRC
meeting which is scheduled for June 27th.  Please let me know your
availability during the FIRST HALF of June - excluding the following dates:
June 6,7, 11,12,13.  The meeting would begin at noon and last until all
topics are covered and resolved.

Please respond at your earliest convience.


Financial  (6)
  West Desk  (14)
Mid Market (16)


Here is  a draft for your review, and if you think appropriate, distribution
to NJR.

Please let me know if you want changes made.

Kay


Mark's changing deal 581615 to APB - he had it in with Bloomberg.

Thanks,
Kate

Kerri Thompson@ENRON
04/23/2001 02:50 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

missing deal for mark f

sell el paso
25-30
285.00
25 mw
pv
on peak


RIGZONE DAILY NEWS -- MONDAY, JANUARY 28, 2002
------------------------------------------------------------
Daily News from the worldwide upstream oil & gas industry
   to view the complete version, please go to:
   http://www.rigzone.com/newsletter_show.asp?n_id=209
------------------------------------------------------------


I'll call you on Thursday...what's a good time?

 -----Original Message-----
From: 	Farmer, Daren J.
Sent:	Wednesday, January 09, 2002 3:03 PM
To:	Hill, Garrick
Cc:	Olsen, Michael
Subject:	Tenaska IV

Rick,

We need to talk about the ability of ENA to continue its the current role as agent of Tenaska IV.

1)  Since the end on November, ENA has not been able to complete gas trading transactions.  We cannot find any counterparties to trade physical gas in Texas.  This, of course, is due to the bankruptcy.  As a result, we are not able to sale Tenaska's excess fuel.  We did contact Brazos to ask if they would buy a portion of the gas at a Gas Daily price, but they do not want it (gas daily pricing has been below the firm contract price for a while).  In December, we had to cut 10,000/day from the 7th through the 27th.  For January, we haven't had to cut yet, but I am sure that the pipe will ask us to do this in the near future.

2)  For November activity (which was settled in Dec), ENA owes Tenaska IV for the excess supply that we sold.  However, due to the bankruptcy, we could not make payments out.  ENA could not pay the suppliers or the pipeline.  James Armstrong paid the counterparties directly.  I think that he should continue to do this for Dec and Jan.  We should not transfer any funds from Tenaska IV to ENA.

I don't know how Enron's ownership in the plant factors out in the bankruptcy preceding.  But we need to determine how to go forward with the fuel management.

Please give me a call or e-mail me.  We can get together sometime Thurs or Fri morning.

D


Just following up on the Monday conference call discussion yesterday with
Rick and others about nailing down the numbers and documentation so we can
feed the Hill information on the mistakes Governor Davis made last year and
this year on power supply contracts.

As I understand it, there are two aspects of this:

 1. The offer of Enron and others last year to sell power to California
utilities for 5 cents per kw.  Failure to accept these offers resulted in
higher power costs in the range of $15 billion, as I recall from yesterday's
call.

 2. The long term contracts that California signed this year after taking
actions and making statements that drove up the forward price curves are now
under water to the tune of $20 billion.

On both counts we will be pressed for assumptions and documentation to pursue
these arguments, which parallel the comments made by senior management in
Capitol Hill meeting last week.  We will work on back up on this end, but we
would greatly appreciate your assistance in this regard as well.

With Congress out of session starting COB on Thursday, we will need
information pulled together by tomorrow COB to get the final product in the
hands of congressional types and others who can use it on a timely basis.
Thanks.


Tricia,

Here is my missing info.

T2T 3Y1
403-214-0454

Thanx

Chris


what's your guys' view on this?


PRIVILEGED AND CONFIDENTIAL

Appropos of Agave's phone message.  Steve was in this loop.  The discount reports are available to anyone who wants them under the Open Records Act.  TK, you indicated that Agave thinks the rates were published somewhere by FERC -- I don't know whether that's true, but the bottom line is that FERC has the information in its files and could publish it any time at wants; we have no control over that.  Let me know if you want me to talk with Agave's lawyers.
---------------------- Forwarded by Susan Scott/ET&S/Enron on 01/22/2001 04:09 PM ---------------------------

Drew Fossum
01/12/2001 09:14 AM
To:	Susan Scott/ET&S/Enron@ENRON
cc:	Mary Kay Miller/ET&S/Enron@ENRON, Maria Pavlou/Enron@EnronXGate, Glen Hass/ET&S/Enron@ENRON, Shelley Corman/ET&S/Enron@ENRON

Subject:	Re: Data responses in SDG&E -- confidential treatment

I'm not remembering whether the discount reports are confidential or not, but if they are public (which I think is the case) then I agree with your recommendation.  DF

Susan Scott
01/11/2001 04:58 PM
To:	Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum@ENRON, Maria Pavlou/ET&S/Enron, Glen Hass/ET&S/Enron@ENRON, Shelley Corman
cc:

Subject:	Data responses in SDG&E -- confidential treatment

After doing a little looking into what data about our contracts is publicly available, I've concluded that there is little if any basis for requesting confidential treatment for any of our responses to the FERC's data requests.

My chief concern was the pre-637 contracts that are not in our transactional reports.  Most of the discount letters include confidentiality provisions and we're required to seek confidential treatment if required to disclose the contracts.  I was hoping to find that none of the information about these contracts had been disclosed in any public forum.  However, I think our shippers (and TW) would be hard-pressed to claim that the info FERC is requesting is confidential.  These shippers' names and contract rates are disclosed in our monthly discount reports to FERC.  (I assume we do not seek confidential treatment of these reports -- let me know if I'm mistaken.)   Quantities, expiration date and receipt and delivery points for these shippers' contracts appear on the Index of Customers on our website.

I would recommend that we not request confidential treatment because I can find no convincing basis for saying this information is confidential.

Let me know whether you concur.  Thanks.

<Embedded StdOleLink>


Over the next few weeks there will be crews working in the North and South
buildings installing new computer and telephone network wiring.  This effort
is part of an overall project to upgrade the network and add capacity to the
computer infrastructure in Tehachapi .  The wiring effort will include all
offices, cubicles, conference rooms, and trailers.  The wiring will be all
new and will not disrupt current network service during the transition.

The wiring will start in the North and South buildings later this week and
will continue through to July 24.  The crews will be working from 7:00AM to
7:30PM throughout the weeks.  Please be aware that the crews will need access
to offices, cubicles, and conference rooms.  They will attempt to hold
disruptions to a minimum, but will be removing ceiling tiles and installing
new outlets for data and voice service in each of your areas.  Transition to
the new network will be completed by July 15.  The crews will then go through
and remove all of the old wiring.

Your cooperation is appreciated with this effort as we work to improve the
computing and network infrastructure in the Tehachapi campus.  Any questions,
please direct them to Bob Grant, X6850.

Bob


Kevin,

Please, help Stinson.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/99
04:35 PM ---------------------------

Stinson Gibner
12/22/99 01:59 PM
To: Kevin G Moore/HOU/ECT@ECT
cc: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Move from 29 TO 19

Shirley:

Can I get a small white board for the South wall of my office?

--Stinson


Please respond to To: Oil and Gas Attorneys

The Rocky Mountain Mineral Law Foundation is sponsoring
two courses in winter 2001-02:

Natural Gas Transportation & Marketing
Houston, Texas
December 6-7, 2001

Water Quality and Wetlands - Regulation & Management
in the Development of Natural Resources
Denver, Colorado
January 24-25, 2002

These brochures may be downloaded from our
website at www.rmmlf.org.

If you have trouble opening or printing the PDF file from the
website, please E-Mail us with your fax number. If you have
any questions, please feel free to contact us. We hope you
are able to join us at one of these cutting-edge programs.

Mark Holland
Rocky Mountain Mineral Law Foundation
9191 Sheridan Blvd., Suite 203
Westminster, CO 80031
tel 303-321-8100, ext. 106
fax 303-321-7657
mholland@rmmlf.org
www.rmmlf.org


Please see the following important stories.  It appears to be quickly
slipping through Davis' fingers.  May be useful to re-group a bit in light of
the following events.  In sum:

Most importantly, in today's Chronicle, it's reported that Davis' staff met
with key Democrats yesterday and lowered the boom.
DWR purchases likely to be about $25 billion and rates may have to go up by
100%.  (See attached story.)
Apparently, one of the big reasons that 8X got held up yesterday is because
Davis' own staff went to D leadership and said, "don't move 8X (a bill that
Davis was said to support) because the $10 billion cap on bonds won't work;
they need much more."
It appears that rate increases will now become part of the mix, whether Davis
likes it or not.
The staff alleged that they were conveying the information before Davis had
been informed of the "bombshell."
Davis was criticized for being at yet another fund-raiser yesterday while the
situation significantly deteroriated in Sacramento.  (See attached story.)
Meanwhile, PG&E has sued--or may be about to sue--the State, saying they
won't pay the QFs according to Davis' plan (which the PUC is supposed to
implement on Tuesday).  (See attached PG&E press release.)
Finally, Mike Kahn has issued an opinion piece in yesterday's Chronicle, in
which he attempts to lump together into one pile Republicans, market
proponents, price gougers and Texans, and defending Davis and Lynch.

******************************************************************************
***********************************************************************
Davis' Measured Plan To Fight the Darkness
Michael Kahn
Friday, March 23, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/23/E
D103778.DTL
COMMENTS on Gov. Gray Davis' energy programs by apologists for former Gov.
Pete Wilson bring to mind Robert Kennedy's admonition that it is better to
light a candle than curse the darkness.
Let's examine the darkness created by Wilson's energy deregulation scheme.
The 1996 law he signed could not have been more wrong headed.
-- Why did it hand energy price control over to the Federal Energy Regulatory
Commission?
-- Why did it free wholesale prices, while capping the price utilities could
charge customers?
-- Why did the former state Public Utilities Commission force utilities to
sell off their fossil fuel power plants, leaving them vulnerable to predatory
pricing by out-of-state merchant generators?
-- Why did the Wilson-era PUC bar utilities from entering into contracts to
ensure a long-term supply of cheap electricity?
-- Most pointedly, why did California enter into deregulation without enough
available generation to ensure a fair market based on balanced supply and
demand?
These are tough questions. It is not hard to understand why former proponents
of the 1996 deregulation scheme would rather not answer them, preferring to
bemoan the darkness and curse Davis' actions.
The Wilson apologists jeer at plans for the state to purchase the power grid,
though they surely know the value of a well-maintained, fully functioning
electric transmission network. Bottlenecks in the grid impede the sharing of
power between Northern and Southern California. This was a main reason
Northern California experienced rolling blackouts in January while Southern
California had plenty of power.
The state's purchase of the grid will infuse new cash into the utilities,
pulling them back from the brink of bankruptcy, while giving the state a
tangible and valuable asset in exchange.
And ownership of the grid will allow the state to modernize it, removing
bottlenecks and upgrading technology - something the utilities have long
failed at doing.
The apologists ignore the state's strong record on energy conservation and
Davis' actions to enhance these efforts.
California now has the nation's second-best energy conservation record. The
governor has budgeted $404 million in new conservation measures and added an
executive order offering 20 percent rebates to those who reduce their
consumption 20 percent over last year. These measures will reduce commercial
lighting, encourage residential and industrial efficiency and make state and
commercial buildings more energy efficient.
The apologists disregard the fact that the governor has also reversed a trend
that had seen power plant construction in California drop to insignificance
in the '80s and '90s. Since April 1999, the California Energy Commission has
licensed nine major new power plants. Six are under construction. This is
part of a streamlined, fast-track plant licensing process that aims to put an
additional 20,000 megawatts on line by the summer of 2004, a nearly 50
percent increase in generation.
And the apologists refuse to recognize that California is building the right
sort of power plants - efficient, clean and environmentally friendly, with a
strong bent toward renewable power sources.
In fact, while some would go Texas' route and build plants that meet only the
bare minimum of environmental requirements, California is continuing the
effort that has made it the nation's leader in the use of clean, renewable
power sources.
Instead, the apologists engage in name calling, such as the charge leveled by
former Wilson communications director Dan Schnur on this page that Loretta
Lynch, the Davis appointee as PUC chair, is inexperienced and has failed to
deal effectively with the energy emergency.
Forget for a moment that of the 22 people who have served as PUC
commissioners since 1980, only six had any energy expertise before their
appointments.
Forget for a moment that one of the principal architects of deregulation was
Daniel Fessler, the UC Davis contract law professor with no special expertise
in energy issues whom Gov. Wilson appointed as PUC president.
Just consider this: It was the PUC under Lynch that freed the utilities to
buy electricity on cheaper, forward contracts outside the Power Exchange.
This corrected a huge Wilson-era PUC blunder that put utilities in an energy
price straitjacket. The Lynch-led PUC also prohibited utilities from selling
additional power plants, and it began the successful effort to make
California's ISO (the Independent System Operator that runs the state's power
grid) independent of the industry-connected officials who controlled it.
Meanwhile, what sort of grand solutions have the apologists presented? Drill
for oil in the Arctic National Wildlife Refuge in Alaska, build nuclear
plants on closed military bases and encourage the construction of dirty
Texas- style power plants in California.
Drilling in the Arctic will not produce a watt of new power for California.
Californians have long said they do not want the risks presented by new
nuclear plants.
And lax Texas pollution rules prompted the Dallas Morning News to charge in a
Dec. 17 editorial that Texans are choking on the exhaust from power plants.
Most disingenuously, the apologists would "let the market work," claiming
that unfettered market forces will soon bring fair and balanced prices. But
the market doesn't work now, as the Federal Energy Regulatory Commission has
repeatedly admitted, most recently with its finding that generators
overcharged the state in January.
Unfortunately, for the most part the same commission had refused to clamp
down on sky-high prices charged by generating companies. Look at New York's
deregulated market, where there are no caps on retail electric prices. Market
forces have done consumers there little good. New Yorkers pay the highest
prices for electricity in the country. And the New York Times has reported
that rates paid by consumers have increased a whopping 40 percent just since
1999.
Those who would allow the market to work (let the darkness reign) know well
that if the market "works" to produce New York-style rate increases in
California, the consequences to the public would be dire.
Compare this to Gov. Davis' well-structured plan for effective energy
conservation and stabilization of the state's electricity market and his
expedited program to bring clean, efficient new power plants on line quickly.
Robert Kennedy would understand Gov. Davis' approach and his critics'
perspective.
Michael Kahn is a member of the state Independent System Operator's board of
governors.
,2001 San Francisco Chronicle ? Page?A - 25

Bombshell Warning on Power Cost
Spending may double and rates skyrocket, governor's office tells Legislature
Greg Lucas, Lynda Gledhill, Robert Salladay, Chronicle Sacramento Bureau
Saturday, March 24, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/24/M
N176940.DTL
Top Davis administration officials told lawmakers yesterday that the state
may have to spend twice as much as expected on electricity purchases over the
next two years - requiring rate increases of as much as 100 percent.
The stunning admission by the Davis administration contradicts his repeated
promises that his plan to ease California's energy woes could be done without
a rate increase.
California will probably need to issue $23 billion in bonds for electricity
buys, more than double the amount Davis said would be needed by the state to
keep electricity flowing until California's cash-poor utilities can get back
on their feet.
Administration officials told lawmakers to stop action on a bill that would
have capped the state's energy purchases at $10 billion.
But a Davis spokesman said the numbers were far from firm.
"There are a lot of scenarios being run . . . and until we complete the
negotiations, this can be added up any way you want," said Steve Maviglio,
press secretary to Davis.
"Those numbers are not based on any reality right now," he said. "There are
too many things up in the air."
Assembly Democrats told a different story.
They said Tim Gage, director of Davis' Department of Finance, Cabinet
Secretary Susan Kennedy and John Stevens, Davis' top energy aide, met with
Assembly Democratic leaders and dropped the bombshell.
And they did so just as those same leaders were trying to convince fellow
lawmakers how important the bill was to the Davis administration.
They also said that Davis, who was in the Palm Springs area for most of the
day and briefly attended a fund-raiser at a golf club, was unaware of the
figures.
PURCHASES IN BILLIONS
The three top aides said that electricity purchases for this year by the
state would be $16 billion, not the $10 billion initially predicted. An
additional $7 billion in state power purchases would be needed next year,
they said.
The state has been buying power at a clip of $45 million a day since Jan. 17
because the troubled utilities could no longer afford to make the purchases.
From the start of the energy crisis, the state has planned to repay its power
purchases through bond sales. The bonds would be paid off by a portion of the
amount ratepayers are charged on their monthly bills.
Davis has so far insisted that enough money could be found to cover the $10
billion without raising rates.
But his aides said if the size of the bonds ballooned to $23 billion, a hefty
rate increase would be necessary.
INCREASE UPON INCREASE
The Public Utilities Commission is already planning to make permanent a
temporary 9 percent increase. An additional automatic 10 percent is scheduled
for no later than March 2002.
But the aides said, on top of that, an additional 60 percent to 80 percent
increase would be required to cover the debt service.
"For some time, I have believed a fundamental part of solving this problem is
admitting there needs to be a rate increase, and the numbers that have been
shared today make that inevitable, and we should start dealing with the
reality as soon as possible," said Assemblyman Fred Keeley, D-Boulder Creek
(Santa Cruz County).
One consumer advocate said the revelation means the utilities are closer to
bankruptcy because the state and ratepayers won't have the cash to bail them
out.
And it could mean political trouble for Davis.
"Unless the governor issues an ultimatum to lower the prices, everybody's
bill will double, and he will not be able to run for re-election in 2002,"
said Harvey Rosenfield, head of the Foundation for Taxpayer and Consumer
Rights.
PG&E THREATENS SUIT
The news came as Pacific Gas and Electric Co. threatened to take the state to
court over Davis' plan to force the company to pay back certain creditors.
Davis' proposal would require the utilities to pay alternative power
generators for all the power that they supply, something PG&E said it cannot
afford to do. Several of the generators shut down earlier this week as
rolling blackouts spread across the state.
The bill stalled yesterday in the Assembly as Republicans objected. Lawmakers
will resume debate Monday.
Earlier in the week, Davis announced that action would be taken by the
Legislature and the Public Utilities Commission that would guarantee payment
to the alternative energy providers. He also said the state -- which has
spent $3.7 billion to purchase power -- should be paid back first.
Without that promise, several of the small biomass, solar and wind producing
plants -- called qualified facilities -- said they would have taken Southern
California Edison Co. into bankruptcy court. The alternative generators
provide enough electricity to power roughly 6 million homes.
PG&E said it cannot afford to pay the alternative producers and reimburse the
state for the billions it has spent purchasing power.
"These actions approach the problem in a piecemeal and uncoordinated fashion
and would force us to pay out far more than we collect in rates, further
exacerbating an already precarious financial situation," Gordon Smith, PG&E's
president and chief executive officer, said in a statement.
DIFFERING VIEWS ON COSTS
According to PG&E's numbers, the company collects $400 million a month in
rates. It says the average price to pay all the generation sources exceeds
$1. 4 billion a month.
But consumer advocate Nettie Hoge said the utilities are exaggerating their
own costs in order to try to keep as much money as possible.
"It's just absurd," said Hoge, the head of The Utility Reform Network. "They
have a temper tantrum every time something doesn't go their way."
The bill PG&E objected to is necessary to allow the PUC to order utilities to
pay small power generators who agree to sign lower-priced contracts to
provide energy.
The proposal offers generators a choice of agreeing to a five-year contract
at $79 per megawatt or a 10-year deal at $69 per megawatt, Davis said. The
going rate now is about $150 a megawatt. The PUC wants to act as early as
Tuesday to bring some financial relief to the generators, who have been paid
pennies on the dollar.
Assembly Republicans objected to the bill in part because it would allow the
PUC to change the formula for setting the price paid alternative producers so
that it no longer considered the price of natural gas.
Co-generators -- some of the largest of which are operated by oil refineries
-- say without the price of natural gas as a consideration, it would cost
them more to produce energy than what they would be paid for it.
E-mail Lynda Gledhill at lgledhill@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 1

Davis at Fund-Raiser as His Bill Languishes
Critics say he should have been at Capitol
Greg Lucas, Robert Salladay, Chronicle Sacramento Bureau
Saturday, March 24, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/24/M
N171337.DTL
While the Assembly struggled -- and failed -- to pass a bill aimed at keeping
hundreds of small energy generators from bankruptcy, Gov. Gray Davis attended
a $10,000-a-head golf fund-raiser yesterday in Palm Desert.
Organized by Duane Dauner, president of the California Healthcare
Association, the event was held at Bighorn Golf Club, a luxurious private
country club of which Dauner is a member.
Davis' top political adviser said the governor didn't play golf, just stopped
by a luncheon before the round began so he could return to Sacramento.
But during Davis' absence, a bill he backed -- critical to bailing out small
power generators -- languished in the Assembly.
On Thursday, lawmakers canceled next week's long-planned annual trip to
Washington, D.C., to focus on energy issues.
"There is not a lot of electricity to be found on the golf course," said
Harvey Rosenfield of the Foundation for Taxpayer and Consumer Rights, a chief
critic of Davis and the state's utilities. "He ought to be in Sacramento to
try and solve the crisis and not prospecting for contributions in the grass
in Palm Springs."
The Democratic governor has been frequently criticized for the time he spends
raising money for his campaign fund, money that comes from well-heeled
interests with dozens of issues pending before his administration.
Since becoming governor, Davis amassed $25 million by the end of 2000 --
averaging more than $1 million a month in contributions, often from fund-
raisers directed at specific industries.
Garry South, Davis' political adviser, said Davis was in Palm Springs to
dedicate a University of California building and "dropped by a lunch"
preceding the golf.
South said the fund-raiser "was a diverse group of people that paid varying
amounts of money."
Lawmakers canceled their yearly visit to federal officials on issues
important to the Golden State because they didn't want to give the impression
that "there was somewhere else more important than California," said state
Sen.
Don Perata, D-Oakland.
Raising money at a tony golf resort during the crisis simply looks bad,
Perata said.
"We have to be really careful because the public's patience and their
confidence in what we're asking them to do depends on how they see us
reacting to the problem," he said. "This will be negatively interpreted."
Other lawmakers said the governor's top-level staff was working on the
problem but acknowledged the golfing fund-raiser looked bad.
"It's not the best symbolic message, but I feel we have to give him the
benefit of the doubt," said Assemblywoman Carole Migden, D-San Francisco.
Davis did appear briefly yesterday on nationally broadcast CNBC to talk about
the energy crisis and blast power generators for allegedly overcharging the
state. He appeared live from Palm Springs.
The California Healthcare Association represents nearly 500 hospitals and
boasts on its Web site that it "influences public policy development through
both legislative and regulatory advocacy efforts."
Last month, the group introduced a legislative package to expand nursing
education and streamline college requirements for nurses.
One of the bills calls for spending $120 million a year on nursing classes.
The group also is lobbying the new Department of Managed Health Care, which
is staffed by Davis appointees, to speed up payment of $1 billion in late
bills owed to hospitals.
Davis signed a bill last year that gave the HMO czar the power to sanction
health care plans for failing to pay Dauner's clients, the hospitals, on
time.
In his first six months in office, Davis attended a fund-raising dinner at
Dauner's house that brought in an estimated $100,000. It was part of a spree
that netted the governor a record-breaking $6.1 million in half a year.
At the time, Dauner told the Los Angeles Times: "We don't talk policy at
those kinds of things, or legislation. This was really more of a social
event. He talked about his goals and probably spent more time discussing
education than anything else."
Dauner could not be reached for comment yesterday.
E-mail the reporters at glucas@sfchronicle.com and bsalladay@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A - 13

	FOR IMMEDIATE RELEASE March 23, 2001
CONTACT: PG&E News Department (415) 973-5930

PG&E Responds to Energy Proposals in Sacramento
	San Francisco -- Pacific Gas and Electric Company today announced that it
will be forced to challenge actions now being contemplated by the State of
California to impose new demands on its frozen rate structure. The proposed
actions will destabilize its current situation with creditors and put the
entire possibility of reaching a balanced solution to California's energy
crisis at risk.
	This week, the State has made clear its intention to use Pacific Gas and
Electric Company's existing rate structure to begin fully paying Qualifying
Facilities (QFs) in advance, for future power purchases, starting April 1,
and to reimburse the Department of Water Resources (DWR) in advance of any
other generating source, including utility-retained generation, bilateral
contracts, QFs or the Independent System Operator (ISO).
	"These actions approach the problem in a piecemeal and uncoordinated fashion
and would force us to pay out far more than we collect in rates, further
exacerbating an already precarious financial situation," said Gordon R.
Smith, president and chief executive officer of Pacific Gas and Electric
Company. "The numbers just don't work."
	Currently, under frozen rates, Pacific Gas and Electric Company has been
collecting approximately $400 million per month for the purchase of electric
power. This revenue has been used in payments to power suppliers, including
power purchases from irrigation districts and bilaterals, to cover costs of
operating our retained generation, and is insufficient to cover payments to
the ISO and QFs. The average combined energy bill from all of these sources
exceeds $1.4 billion a month, and may go even higher in the coming months.
Moreover, the utility's financial condition has been further jeopardized by
the failure of the DWR to acknowledge responsibility for the full "net open
position," i.e. the power that must be purchased on the spot market. This
dispute over the net open position is threatening to accrue additional
liabilities for Pacific Gas and Electric Company.
	"We continue to work with State officials to develop a constructive,
comprehensive solution that assures that California has a reliable and fairly
priced supply of power. Nevertheless, we have a duty to our suppliers,
lenders and shareholders to protect the assets of the utility, and we must
challenge any action by the State to force us to pay out more than is
collected in rates," Mr. Smith concluded.
	?


Many of you have friends who are no longer with the company, so we wanted to provide you an overview of continuing efforts to assist Enron's former employees.

CAREER SERVICES
Last December Enron established a website to assist former employees identify jobs in Houston and throughout the United States.  Only former Enron employees and potential employers can access the site, http://careerservices.enron.com/

On this site, former employees can:
	? Post their resumes for approved employers to view
	? View job postings
	? Receive updates and information on career and community services available to them
As of January 25, 2002:
	? More than 1,300 companies had been approved to view resumes
	? Company recruiters had logged on more than 3,500 times to search for candidates
	? More than 600 jobs had been posted on the site

FINANCIAL ASSISTANCE
The Greater Houston Community Foundation
The Greater Houston Community Foundation (GHCF), in collaboration with the United Way of the Texas Gulf Coast, the Houston Area Urban League, Crisis Intervention of Houston, and Career and Recovery Resources, have established a fund to provide dedicated support for former Enron employees.  GHCF offers former employees counseling services and helps them work with mortgage companies, landlords and utilities to defer monthly bills while they are out of work.   If you are interested in making a tax-deductible donation to the GHCF, please call 713-268-6458 or mail donations to GHCF at 4550 Post Oak Place, Suite 317, Houston, TX  77027.  Checks should be made payable to Greater Houston Community Foundation and designated for the Enron Employee Transition Fund.  To receive assistance, former employees can call 713-533-4598, or outside Houston, 1-800-493-4598.  Lines are open 24 hours a day, seven days a week.

Enron Ex-Employee Relief Fund Account
A former employee has established the Enron Ex-Employee Relief Fund Account at the Humble Community Bank.  Visit the website at <http://www.eerfa.com> for more information or to make a donation.  Former employees can submit grant requests to eerfarequest@surfmk.com.

MDPC Transitional Assistance Program
Memorial Drive Presbyterian Church has created a Transitional Assistance Program open to both members and non-members who need assistance re-entering the workforce.  Right Management Consultants offers a series of two-day workshops for former employees on topics such as Career Assessment and Evaluation, Job Search Communication and Managing in a Time of Change.  Requests for limited and discretionary short-term financial assistance will be accepted from those who have participated in this program.  MDPC will offer a holistic approach to re-entering the workforce including family counseling and stress management. For more information, contact Memorial Drive Presbyterian Church at 713-953-2550, ext 180.


Call with questions -

Kate Symes
503-464-7486


1.  What are the short term NOx and CO emissions during startups, and are
there limitations during start-ups.

Normally, there is a short period during startup when the NOx goes to
approximately 35 ppm.  This is very short in duration and occurs while the
gas turbine is loading.  Our site is permitted to normally operate between
70-100% turbine load.  These emissions have subsided within the few minutes
required to attain 70% load.  Our permit constraints require that we do not
exceed our emissions limits on a 3 hour rolling avarage.  Therefore these
short-term startup emissions are not an issue.

CO is a calculated value.  I do not have short-term CO2 numbers at present.
However, I don't believe they are at issue since they are related to excess
air which is pretty high during startup.

There is a condition called lean-lean firing which can and has occured from
time to time.  A transition takes place above 40MW when the nozzle gas
arrangement normally goes to a firing state called "premix steady state."  If
this transition fails for some reason, the machine goes into a lean-lean
state and the NOx level can rise to 40-50 ppm.  The turbine activates and
operator alarm when this happens.  We can count the number of occurances that
this has happened on one hand at Caledonia.  When this conditions occurs, the
operators correct the condition by reducing the load to about 35MW and then
increase the load again.  Typically this resolves the faulty transition and
it configures the nozzles correctly on the second attempt.

2.  Are industrial stormwater permits required at either site?

No industrial stormwater permit is required at Caledonia.

3.  In Caledonia, what is the custom fuel sampling schedule?

The fuel sampling schedule for both sulphur content and heating value at
Caledonia is once per month.

Regards,

Pat Cathers

---------------------- Forwarded by Jon Cathers/Corp/Enron on 12/04/2000
10:47 AM ---------------------------

Benjamin Rogers@ECT
12/04/2000 10:28 AM
To: Jon Cathers/Corp/Enron@Enron
cc:

Subject: Question 2

Jon:
Here are some more questions regarding the Caledonia plant.  Your assistance
with these questions would be greatly appreciated.  Please send your answers
back to me when completed.  Again, thank you for your help.
Regards,
Ben
3-7998
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 12/04/2000
10:27 AM ---------------------------

Don Miller
12/04/2000 10:11 AM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Question 2

---------------------- Forwarded by Don Miller/HOU/ECT on 12/04/2000 10:10 AM
---------------------------

"Tang, David" <dtang@Cinergy.com> on 11/30/2000 07:45:51 PM
To: "'don.miller@enron.com'" <don.miller@enron.com>
cc: "Whitehead, Robert" <rwhitehead@Cinergy.com>, "Hoyos, Sergio"
<sergio.hoyos@cinergy.com>, "Chaney, Tom" <tchaney@Cinergy.com>, "Vivar, Art"
<avivar@Cinergy.com>
Subject: Question 2

More Questions:

Both Plants

1.  What are the short term NOx and CO emissions during startups, and are
there limitations during start-ups.

2.  Are industrial stormwater permits required at either site?

Caledonia

3.  In Caledonia, what is the custom fuel sampling schedule?

Brownsville

4.  What is the agency's response to the Enron letter regarding the 2nd
stormwater NOV?

5.  Has there been any further action by the agency since the 1st stormwater
NOV was never responded to?

6.  One memo stated that the stormwater is channeled to a wetland.  Was that
during construction only or is it ongoing?

7.  Were there any further problems with the B T Readymix concrete dumping
issue?


---------------------- Forwarded by Kay Mann/Corp/Enron on 03/07/2001 10:25
AM ---------------------------
From: James D Steffes on 03/07/2001 10:25 AM
To: Kay Mann/Corp/Enron@Enron, Ben Jacoby/HOU/ECT@ECT, Marchris
Robinson/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT
cc:

Subject: Tripp Scott Engagement

Kay --

I'm sending you some forms to work from on Enron's standard Government
Affairs Consulting Services agreement (Marcia Linton will deliver).  Included
within this form is language that can be added to discuss the success fee.
As we discussed on the phone, my understanding is that the success fee is
legal for non-state level activities in Florida.

I am happy to sign these arrangements to move the process forward.  We need
to make sure the arrangements indicate the correct primary point of contact
(Project Manager) and the right billing person.

Thanks,

Jim


On hydro, Dennis Benevides told Sue that because the hydro was was not valued
this year, EES made an additional $80 million.

On DASF Settlement.  This is REALLY rough.  But, our settlement, which was
filed on Wednesday, is with San Diego.  Considering that we have about 5,000
accounts in San Diego (20,000 state wide), we could stand to be charged
upward of about $750,000 additionally annually, based on San Diego's filing.
This assumes roughly $100 of additional costs per account per year over an 18
month period.  Our settlement has reduced that charge to nearly nothing.
Extrapolating to if our proposal were applied to both SCE and PG&E, it would
be approximately $3 million of avoided costs through the term of agreement
(12/02).  I would apply a 50% discount factor, therefore value should be
between $375K and $1.5 million.

Mona L Petrochko
09/10/2000 05:46 PM
To: Jeff Dasovich/SFO/EES@EES
cc: Paul Kaufman/PDX/ECT@ECT, Susan J Mara/SFO/EES@EES, Sandra
McCubbin/SFO/EES@EES, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Gia
Maisashvili/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Valuation of GA Activities

Some additional items:

Pending:

1.  Revenue Allocation Proceeding (Sue Mara, principle)
Determine amount of embedded retail cost will be avoided by direct access
customers (PX credit).  Judge's decision is $.0007/KWh saying short-run and
long-run costs are equivalent.  Cmmr. Neeper issued an alternate that
differentiated long-run from short-run costs and provided $.0034/KWh.  Cmmr.
Neeper's alternate will be revised, however, likely to be lower.

2.  Revenue Cycle Service/Direct Access Service Fee (Mona Petrochko,
principle)
Determine the unbundled costs of utility provided meter/bill service on a
long-run marginal cost basis.  Existing credits are based on short-run
avoiced costs.  Provided that UDCs could propose fees for providing DA
service to ESPs or DA customers, including DASR processing, ESP
administration, rebills, etc.

Awaiting an ALJ Decision on RCS portion of case.  Expect that existing
credits will increase.
Enron, as part of ARM, filed a settlement w/ SDG&E, ORA, DGS and the Golden
State Cooperative that eliminated direct charges to ESPs for DASR processing
and other market facilitation roles that only the UDC can provide and spread
those costs across all customer classes.  Clarify charges and applicability
to significantly reduce fees to encourage "better" ESP behavior with regard
to providing bill data, rebills, etc.  Clarified that "special" services
requested by ESP from UDC would be provided on a charge basis, with terms
agreed to in advance.

3.  Continue to monitor Hydro so as to reflect EES interests.

4.  OII SDG&E:  participate in meetings w/ SDG&E to facilitate DA market.
Advice Letter approving SDG&E's facilitation role adopted which included
clarification offered by Enron on the obligation to serve for ESPs.

Working w/ SDG&E in proposing mechanism which will not disadvantage DA
customer's relative to bundled service in the application of the rate cap.
Working w/ SDG&E to insure that the voluntary opt-in program for large C&I
will not disadvantage DA customers.

5.  Implementation of AB 811 (Bruno Gaillard)

AB 811 provided that DA customers of record prior to June 2000 could make a
one-time election of being billed on a load-profile basis or to be billed
based on meter reads.  Bruno worked with George Phillips, account managers
and PR to develop our message to the customer.  The implementation resulted
in net positive impact to EES' book.


We have an Analyst/Associate program for HR.  If she has an MBA or graduate degree we would consider her for the assoc. program.  Otherwise, she might fit in the analyst program.  Forward her resume to me and I will pass it along.  She can contact Karen Buckley at 713 345 4667 after you give me the resume.  Karen is the lead recruiter/program manager.  Let me know if you need more info.

 -----Original Message-----
From: 	Smith, Matt
Sent:	Thursday, April 05, 2001 16:38
To:	Slone, Jeanie
Subject:	HR Position

Jeanie,

I have a friend who is interested in an HR position with Enron.  She spoke of a rotational program for HR that I am not familiar with.  Do you know anything about the program, or who I might forward her resume to for an HR related position in general.  She has a few years of experience with a smaller firm, and I think she's looking for a company with a more established HR department like Enron.  Also, do you have knowledge of specific positions we are trying to fill in ENA?  Any info would be helpful.  Thanks.

Mat


Any ideas?  These guys (John & Jere) just can't get it together.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 05/19/2000
05:14 PM ---------------------------

David W Delainey
05/19/2000 05:12 PM
To: Jere C Overdyke/HOU/ECT@ECT, C John Thompson/Corp/Enron@ENRON, Scott
Josey/Corp/Enron@ENRON
cc: Mark Frevert/NA/Enron@Enron
Subject: Re: Potential Candidates for Reliable Reserves

Jere, I understand your frustruation and I am very motived to prove out the
insurance product; however, I do think John has a legitimate concern
(especially given the fact that this group blew up very publically internally
and externally and we need to repair the image internally and market
perception externally in order to be successful in the future) surrounding
multiple groups covering the same customers with different stories.  You guys
could not work this out - so I offered a compromise position which involved a
well coordinated test marketing iniative (this was agreed to by you and John
at the offsite):
 a) the insurance group was to identify the initial 5 to 10 target customer
list that ENA would pitch the product to which should give us a determination
if this is a commercially viable product;
 b) John and Scott would facilitate the contact with the customers to ensure
a consistent face and story with the customers - if you guys can sit down and
come up with an alternative that works for you - great; regardless, John had
promised me that he would do everything necessary to facilitate and promote
this capability to these customers ASAP;
 c) both groups would put a deal team together and get out there ASAP;
 d) if the test marketing of the product is successful; I agree that we need
to sit down and discuss how we formally allign the interests of these groups.

This appears to be a reasonable and logical approach on an interim basis.

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 05/19/2000
04:30 PM ---------------------------

Jere C Overdyke
05/18/2000 08:50 AM
To: David W Delainey/HOU/ECT@ECT
cc:
Subject: Re: Potential Candidates for Reliable Reserves

We are heading down the road of a gate keeper approach which has proven very
inefficient at Enron in the past.    Our group has already canceled a meeting
with the CFO of Vintage because of this approach.  Rerarding  industry
relationships, George Carrick, Mark Tawney and I have extensive relationships
throughout the upstream sector, know the decision makers and can set up our
own meetings, all in coordination with the upstream group.  At this time I am
waiting on John's group to set up our meetings.  Seems very inefficient.

The main objective is to determine if there is demand for the product.  I
will continue to coordinate through John but we need to meet to clarify roles
and responsibilities of all parties - how will deals be structured, who will
price, who will negotiate transaction, etc.