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[IMAGE]	     At the End of the Day Today's Market      DJIA 9618.24 DOWN -247.51 Nasdaq 1892.99 DOWN -50.92 S?500 1100.64 DOWN -32.42 Rus 2000 473.98 DOWN -7.30 10 Yr Bd 4.95 DOWN -.13 DJTA 2738.65 DOWN -66.19 FTSE 100 5131.40 DOWN -92.20 H. Seng 11014.20 UP 246.70 Nik. 225 10026.00 DOWN -194.80 DAX 5084.52 DOWN -74.50 Today's Sectors     Basic Materials -1.64 %    Utilities -3.26 %    Communication -3.34 %   Consumer Staples -1.58 %  Capital Goods -4.44 %  Energy -2.16 %    Financial -4.54 %  Consumer Cyclicals -1.48 %   Health Care -1.06 %   Technology -3.21 %   Transport -1.7 %   (Mouse over for detail, click to launch Map of the Market) January 29, 2002  The Closing Bell Risks + Rumors = Rout  By Igor Greenwald Short sellers had a field day as stocks were called to account for Enron's sins real and imagined. Tyco's plunge on news of a big payday for a director typified investors' discontent. Daily Briefing  Stocks to Watch   Today's Top Stories [IMAGE] [IMAGE] Common Sense What's Ahead for Financial Stocks[IMAGE]  [IMAGE] By James B. Stewart [IMAGE] The Fed's rate-cutting is at or near an end, and that inevitably spells trouble for this sector. [IMAGE] One-Day Wonder More Than Guilt by Association?  By Lawrence Carrel Leery of anything that smells Enronish these days, investors reacted harshly to news of a troubling deal at Tyco. [IMAGE] Ask SmartMoney Sacrificing Your Portfolio for Solvency  By June Kim I have $8,000 in credit-card debt and $10,000 in stocks.  Should I cash in my stocks to pay off this large debt?  More Articles    Advertisement [IMAGE]  Someone in your office is making YOU look BAD.  FIRE your Black & White Laser Printer! HIRE the XEROX PHASER(R) 860 NETWORK COLOR PRINTER.  -  Faster than 74% of today's B&W laser printers -  16 FULL color ppm at up to 1200 dpi &  FREE BLACK INK! ENTER HERE  TO WIN:50" HIGH-DEFINITION TV or PHASER 860 NETWORK COLOR PRINTER  Mutual Fund News [IMAGE] Week in Funds Dancing on the Edge  By Dawn Smith A more positive Fed chairman pulled the market to its feet this week, helping most stock funds trim their losses. [IMAGE] Fund FAQs A Cooler Head (Usually) Prevails  By June Kim I'm considering replacing my poor-performing Janus Mercury fund with another in its category. Which one should I pick?    More Articles    Advertisement [IMAGE]   Breaking News Tyco Defends Payoff to Director  IBM Names Palmisano CEO  Consumer Confidence Climbs  Kraft Matches Forecasts  AT?Wireless Posts Big Loss  Merck to Spin Off Medco Business  Coca-Cola Meets Estimates  Argentina Exposure Hammers FleetBoston  Honeywell's Profit Plunges  Revenues Rise at Veritas  Williams Delays Release of Financial Results  Enron Appoints Interim Chief Executive  Complete News Coverage     Advertisement Haven't refinanced yet?  Take advantage of the lowest mortgage rates in years.  Save big with IndyMac Bank, the #1 rated mortgage website by Gomez.com the last 4 quarters.  IndyMac Bank guarantees to beat, not meet, any mortgage by $300.  Click below for a free quote: http://quinst.com/clk/ausachenzurtzworiensper   Insurance Center  Shop for competitive insurance rates on life, home, auto, disability and more.  Get multiple quotes and buy from the company of your choice -- on your own terms. Insurance Quotes   SmartMoney MagazineStart-Off The New Year With A Great Little Investment That Could Pay Off Big!  For a limited time you can subscribe to SmartMoney Magazine at a new lower price and receive SmartMoney's Preferred Subscriber Advantages. Don't miss this opportunity to make a small investment in the magazine whose top stock picks in the previous decade exceeded the S&P by remarkable margins.* And this special offer entitles you to higher new savings: $48 or 69% off the newsstand rate! Plus, all the advantages of being a Preferred Subscriber. But it won't last long, click now for details . * As of Aug 2001.             [IMAGE]  If you have any questions or problems, please email us at: helplist@smartmoneylist.com               You have received this email because you have opted-in to receive information from SmartMoney.com. To unsubscribe from this mailing please follow this link . To change your preferences, visit our site at http://www.smartmoney.com/mailinglist .  If you're having difficulties viewing this newsletter, you should change your preferences to "Text" at the above URL.                  	[IMAGE]	[IMAGE]	   [IMAGE] Select the Best  SmartMoney Select's Stock Screener  lets you pick winners using the proven formulas of our weekly stock screen, or fashion your own strategy with the help of the powerful stock screener. Subscribe today for a free two-week trial!     [IMAGE]  [IMAGE]    [IMAGE] Here Comes Your New Health Plan  With medical costs skyrocketing, you're likely to be offered a newfangled form of health insurance. But is it a raw deal?  Full Article .    [IMAGE]
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Terri,

Hi!  Thanks for your interest in my book.  You should be able to get one at
www.amazon.com the fastest.  If they're out, or say it will take a while, go
directly to www.pennwell.com  (this is the publisher.)  Again, thanks.

Fletch Sturm


FERC has issued a Notice of Staff Public Meeting regarding its Advance Notice of Proposed Rulemaking seeking comments on a standard generator interconnection agreement and procedure.  While the Notice is not available electronically, it states that Commission has directed the staff to try to develop a consensus on the standard interconnection agreement and procedure.

To this end, the Commission staff will hold a meeting on Thursday, November 1, 2001,  from 10:00 a.m. until 5:00 p.m. in Hearing Room 1 at the Federal Energy Regulatory Commission, 888 First Street, NW Washington, DC.  The meeting will be open to the public.  EPSA will hold a preparatory breakfast at the EPSA offices that morning, starting at 7:30 a.m.  If you would like to attend, please RSVP to Jackie Gallagher at jgallagher@epsa.org or 202-628-8200.


Imelda,

Look on the Texas tab.  I've made some comments beside the names.  These
adjustments are for HPLC and Texas.  We no longer handel EFSC.

D

Imelda Frayre
04/05/2000 04:46 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Sitara Security

Daren, I'm in the process of updating the Sitara Security Administrator
database and I need to confirm that the necessary users have access to EFSC,
HPLC and Texas along with the correct roles.  I have attached a file that
lists the users that are currently in the database.  Please verify that these
users currently have access to the proper desk and have the correct role
given their function.  If there are some users that I have not listed, please
update that information in your reply.  If you have any questions or think
that I need to contact someone else for this request, please call me at
x35423.  Thanks for your help.

Imelda


I am recommending Linda Robertson (currently Assistant Secretary for the
Department of the Treasury) for the position Vice President and General
Manager of Federal Government Affairs.  Linda would head our Washington, D.C.
office, replacing Joe Hillings who will be retiring early next year.

 Linda has interviewed with Ken Lay, Tom White, Mike McConnell and Jeff
Shankman, who join me in this recommendation.

 Attached are biographical information on Linda and a National Journal
article identifying Linda among the "Washington 100".

 We have conducted extensive reference checks on Linda.  Included among those
was Secretary Summers who said:

"Nobody I know has the determination she has to get objectives met."
"Far more capacity to grasp the details than anyone I've seen."

 On Monday, I will seek Executive Committee approval to extend the offer to
Linda.


SBX 31 (Burton), which is the clean-up legislation to ABX 1 to correct
outstanding bonding issues, was heard on the Assembly floor.  As an
urgency measure, the bill failed passage garnering only one Republican
vote.  The Democrats then removed the urgency clause and passed the bill
which takes effect 90 days after the end of special session.  The bill
must now go back to the Senate for concurrence.


-----Original Message-----
From: 	Miller, Paul
Sent:	Tuesday, November 13, 2001 2:04 PM
To:	Whitt, Mark; Harrison, Tyrell
Cc:	Nielsen, Jeff
Subject:	Map of Interstate Pipelines in the Rockies

Do you guys have a map showing the interstate grid for the 1-80 corridor?

Paul


The NG Price book granted $1,400 of Middle Market East Originations that was
not recognized by the Intra-East book on the NGP&L.

Thanks,
Robin


Total Trades for Day	  	 521

 	 EOL Trades for Day	  	 358

 	 ICE Trades	  	 44

 	 EPMI ICE Trades	  	 10

 	 EOL Deals	 From: 11/01/2001   To: 11/16/2001	  	 EnPower	 From: 11/01/2001   To: 11/16/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 467	 7,565,456	  	 EPMI Long Term California	 49	 1,931,129
 	 EPMI Long Term Northwest	 253	 3,573,200	  	 EPMI Long Term Northwest	 104	 3,393,206
 	 EPMI Long Term Southwest	 334	 7,760,191	  	 EPMI Long Term Southwest	 226	 16,206,643
 	 EPMI Short Term California	 1,383	 1,864,240	  	 EPMI Short Term California	 479	 1,161,557
 	 EPMI Short Term Northwest	 807	 975,400	  	 EPMI Short Term Northwest	 327	 589,253
 	 EPMI Short Term Southwest	 1,028	 1,422,960	  	 EPMI Short Term Southwest	 517	 1,964,415
 	 Real Time	 982	 25,150	  	 Real Time	 373	 33,209

 	 Grand Total	 5,254	 23,186,597	  	 Grand Total	 2,075	 25,279,412

 	 EOL Deals	 From: 11/16/2001   To: 11/16/2001	  	 EnPower	 From: 11/16/2001   To: 11/16/2001
 	 Desk	 Total Deals	 Total MWH	  	 Desk	 Total Deals	 Total MWH

 	 EPMI Long Term California	 44	 797,600	  	 EPMI Long Term California	 6	 514,800
 	 EPMI Long Term Northwest	 16	 182,000	  	 EPMI Long Term Northwest	 12	 58,176
 	 EPMI Long Term Southwest	 17	 520,575	  	 EPMI Long Term Southwest	 10	 7,611,870
 	 EPMI Short Term California	 100	 124,936	  	 EPMI Short Term California	 28	 24,984
 	 EPMI Short Term Northwest	 71	 46,960	  	 EPMI Short Term Northwest	 24	 30,760
 	 EPMI Short Term Southwest	 57	 49,960	  	 EPMI Short Term Southwest	 39	 57,872
 	 Real Time	 53	 1,325	  	 Real Time	 44	 2,905

 	 Grand Total	 358	 1,723,356	  	 Grand Total	 163	 8,301,367

 	 EOL Deals	 From: 11/16/2001   To: 11/16/2001	  	 EOL Deals	 From: 11/16/2001   To: 11/16/2001
 	 Long Term West Management	 Total Deals	 Total MWH	  	 Short Term West BOM	 Total Deals	 Total MWH
 	 Daily	 0	 0	  	 Daily	 0	 0
 	 Month-to-Date EOL	 9	 2,200	  	 Month-to-Date EOL	 0	 0
 	 Enpower daily deals	 0	 0	  	 Enpower daily deals	 0	 0
 	 Month-to-Date Enpower	 2	 2,003	  	 Enpower daily deals	 0	 0

 	 EOL Deals	 From: 11/16/2001   To: 11/16/2001
 	 EPMI California Services	 Total Deals	 Total MWH
 	 Daily	 0	 0
 	 Month-to-Date	 0	 0
 	 Enpower daily deals	 0	 0

 	 ICE Volumes	 From: 11/16/2001   To: 11/16/2001
 	 Delivery Point	 Total MWH	 EPMI MWH	  Price

 	 Cob (P, Next Day)	 800	 0	  $     19.25
 	 Mid C (P, Next Day)	 2,000	 800	  $     17.85
 	 Mid C (OP, Next Day)	 2,400	 0	  $     16.33
 	 Mid C (P, Bal Month)	 3,600	 0	  $     19.00
 	 Mid C (OP, Dec-01)	 8,600	 0	  $     25.25
 	 Mid C (P, Dec-01)	 50,000	 0	  $     30.85
 	 Mid C (P, Jan-02)	 10,400	 10,400	  $     31.75
 	 Mid C (P, Jul-02)	 10,400	 0	  $     41.25
 	 NP-15 (HE 1000)	 25	 0	  $     22.25
 	 NP-15 (HE 1100)	 25	 0	  $     23.50
 	 NP-15 (HE 1200)	 25	 25	  $     22.25
 	 NP-15 (HE 1300)	 25	 0	  $     22.50
 	 NP-15 (HE 1400)	 25	 0	  $     21.00
 	 NP-15 (HE 1600)	 25	 0	  $     21.00
 	 NP-15 (HE 1700)	 25	 0	  $     21.00
 	 NP-15 (HE 1800)	 50	 0	  $     25.50
 	 NP-15 (HE 1900)	 25	 0	  $     21.00
 	 NP-15 (P, Next Day)	 40,000	 1,200	  $     20.60
 	 NP-15 (OP, Next Day)	 12,000	 0	  $     18.57
 	 NP-15 (P, Dec-01)	 50,000	 0	  $     30.97
 	 NP-15 (P, Cal-03)	 12,800	 0	  $     43.75
 	 NP-15 (P, Cal-04)	 123,200	 0	  $     44.25
 	 Palo (P, Next Day)	 80,000	 0	  $      17.51
 	 Palo (OP, Next Day)	 4,000	 0	  $     12.65
 	 Palo (P, Bal Month)	 25,200	 10,800	  $     20.19
 	 Palo (P, Dec-01)	 50,000	 0	  $     26.35
 	 Palo (P, Jan-02)	 10,400	 0	  $     28.40
 	 Palo (P, Jul-02)	 10,400	 0	  $     53.50
 	 Palo (P, Aug-02)	 10,800	 0	  $     59.50
 	 Palo (P, Q1 02)	 30,400	 0	  $     28.50
 	 Palo (P, Q3 02)	 30,800	 0	  $     54.00
 	 SP-15 (HE 1100)	 25	 0	  $     26.00
 	 SP-15 (HE 1200)	 75	 0	  $     25.33
 	 SP-15 (HE 1300)	 25	 0	  $     26.00
 	 SP-15 (HE 1500)	 50	 25	  $     23.38
 	 SP-15 (HE 1900)	 25	 0	  $     22.00
 	 SP-15 (HE 2000)	 25	 0	  $     22.00
 	 SP-15 (P, Next Day)	 6,000	 400	  $     19.92
 	 SP-15 (OP, Next Day)	 4,800	 0	  $     13.96
 	 SP-15 (OP, Bal Month)	 18,000	 0	  $     16.48
 	 SP-15 (P, Bal Month)	 7,200	 0	  $     21.88
 	 SP-15 (P, Dec-01)	 20,000	 0	  $     28.63
 	 SP-15 (P, Jan-02)	 20,800	 0	  $      31.10
 	 SP-15 (P, Q4 02)	 30,800	 0	  $     37.50

 	 Grand Total	 686,275	 23,650	  $ 1,174.45


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---------------------- Forwarded by Kay Mann/Corp/Enron on 05/31/2001 06:05
PM ---------------------------
From: Ben Jacoby/ENRON@enronXgate on 05/31/2001 05:59 PM
To: Kay Mann/Corp/Enron@Enron, Chip Schneider/ENRON@enronXgate, Lisa
Bills/ENRON@enronXgate, Herman Manis/ENRON@enronXgate, Roseann
Engeldorf/ENRON@enronXgate
cc: Chris Booth/ENRON@enronXgate, Steven Rose/ENRON@enronXgate, Robert P
Virgo/HOU/ECT@ECT, W David Duran/ENRON@enronXgate

Subject: FW: GE Turbines

All:

FYI, tomorrow I should receive turbine contracts for the 3 GE 7FAs being sold
by Site. Please see the e-mail below from Sithe's advisor regarding the
transaction schedule. Kay and I plan to initially review the contract, and I
have a technical team (Booth / Rose) ready to review the contracts as well.

From an accounting / finance perspective, I am interested in how we should
proceed given the circumstances. Kay and my initial plan is to review the
contracts from a technical / legal / commercial perspective and submit a
revised indicative number by Tuesday in consultation with Duran. Between now
and then, it would be helpful to know from accounting / finance how we should
proceed given that we are in a bidding situation (with I'm told three other
bidders). Herman / Rose / Lisa - please let me know your thoughts on this.

Chip - I would like Chris Booth to work with you on putting a draft DASH
together.

In the meantime, I will forward turbine contracts to everyone as soon as I
receive them.

Regards,

Ben

 -----Original Message-----
From:  MKolman@rcgroup.com@ENRON
[mailto:IMCEANOTES-MKolman+40rcgroup+2Ecom+40ENRON@ENRON.com]
Sent: Thursday, May 31, 2001 2:40 PM
To: Ben.F.Jacoby@enron.com
Subject: Re: GE Turbines

Ben:

Per our conversation today, the turbine contract and LTSA are being sent
via Fed Ex to your office in Houston.

Final bids are due next Tuesday, June 5th via fax to 781-270-0055.  Bids
should include best price and a closing schedule (date by which bidder will
have all internal approvals necessary to enter into a binding agreement
with Seller subject only to consent from GE).

Thanks again for you patience and please call me if you have any questions,

Michael

================
Michael A. Kolman
Principal
Navigant Capital
(781) 564-9774 (direct)


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/15/2000
05:03 PM ---------------------------

Jim Garven <James_Garven@baylor.edu> on 12/14/2000 03:33:52 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Greetings from Baylor University

Dear Vince,

Thanks for writing back.?? I am glad to hear that Shane Green is working
there and doing so well.? Please give him my regards.?

Let's plan on having you speak for our Gamma Iota Sigma dinner on the evening
of 2/23.? It is my understanding that you are going to be in town anyway for
John Martin's "new economy" seminar.? Will you be needing a hotel
accommodation for that evening?? If so, please let me know and I will have my
secretary arrange accommodations for you.

Concerning class presentations, I am curious when whether we can try to
arrange a date.? I am teaching two undergraduate sections of a business risk
management course from 11-12:20 and 12:30-1:50 on Tuesdays and Thursdays this
spring.?? I also am teaching a graduate version of the same course from
3:30-4:50 on Tuesdays and Thursdays, but when you come I will probably have
you speak to the undergraduate classes and have my graduate students attend
either of those sessions.? The spring semester starts January 9 and ends May
1, and the following dates are already taken for other speakers, exams, or
spring break:

Thursday, February 15 - Midterm exam 1
Tuesday, March 6 and Thursday, March 8 - no class (spring break)
Thursday, March 15 - presentation on risk adjusted discount rate
methodologies by Dr. Richard Derrig, Automobile Insurers Bureau of
Massachusetts
Tuesday, April 3 - Midterm exam 2

Please let me know at your earliest convenience when you would like to
schedule a presentation.? Considering the fact that the presentation would be
scheduled for around the middle of the day, it would probably be technically
possible for you to make your visit into a day trip (back and forth from
Houston) in case if you are pressed for time.? Continental flies here from
Houston, but unfortunately the morning flight doesn't come in until 10:45
a.m., which would be too late for a presentation to the 11 a.m. class.

Thanks again,

Jim

At 01:57 PM 12/12/2000 -0600, Vince.J.Kaminski@enron.com wrote:

Jim,

Sorry for the delay in responding to your message. I was traveling
extensively
and was overwhelmed with many different projects.

I shall be glad to speak at the Gamma Iota Sigma dinner. Unfortunately,
cannot make
a presentation to your class (it would require leaving the office for two
days in a row).

I can, however, promise to come on another day and speak to your students.

I hope everything is going well for you. By the way, your former student,
Shane Green, has joined us
for 12 month and is doing exceptionally well.

Vince

Jim Garven <James_Garven@baylor.edu> on 11/28/2000 05:10:55  PM

To:?? "Vince J Kaminski" <Vince_J_Kaminski@enron.com>
cc:
Subject:? Greetings from Baylor University

Dear Vince,

Since we last corresponded, I have left LSU and am now Professor of Finance
& Insurance at Baylor University in Waco, TX.? My colleague at Baylor, John
Martin, mentioned that you will be coming to campus for a conference on
Friday, February 23 that he is organizing.?? I am curious whether your
schedule might permit staying over that evening so that we can feature you
as our dinner speaker for the chartering ceremony of Gamma Iota Sigma,
national risk management fraternity.? For that matter, would you also
possibly be available to make any presentations to undergraduate  and
graduate students on the previous day (Thursday, February 22)?? What I have
in mind is a presentation similar to the presentations you made last spring
to my LSU classes.

Thank you for your consideration of this request.? I am looking forward to
seeing you once again.

Sincerely,

Jim Garven

_________________________________________
James R. Garven, Ph.D.
Professor of Finance & Insurance
Department of Finance, Insurance and Real Estate
Hankamer School of Business
HSB 336
Baylor University
Box 98004
Waco, TX? 76798

Voice: (254) 710-6207
Fax: (603) 994-6680

E-mail:? James_Garven@baylor.edu
Home Page: http://garven.baylor.edu
Vita: http://garven.baylor.edu/dossier.html
Research Paper Archive: http://garven.baylor.edu/research.html
_________________________________________


Please look at the "box lunch menu's" at the bottom of this e:mail and let me know if you would like me to order you anything for lunch on Friday, November 9.  The meeting will be ending at 12:00 (noon) and some will be rushing to catch flights and might not have time for lunch.  My original plan was to order box lunches for everyone, but I thought some of you may not be in a rush and have an interest in dining out.  So, please let me know either way what you chose to do.

Thanks!

BOX LUNCHES

THE HERO
Ham, Turkey, Provolone, Salami, Lettuce and Tomato served on a Hoagie Bun
Pickle Spear, Olive and Pepperoncini
Farfalle Pasta Salad
Deli Potato Chips	Peanut M&M's
Nutri-Grain Bar		Ripe Banana
Chocolate Chip Cookie
Broadmoor Non-sparkling Spring Water
Soda of choice

A MATTER OF CHOICE
Variety of Three Sandwiches
Half Turkey on Whole Wheat with Provolone Cheese
Roast Beef with Cheddar on Petite Onion Roll
Smoked Ham and Swiss Cheese on Marble Rye Bread
*
Mustard Potato Salad
Pickle Spear
Deli Potato Chips	Red Delicious Apple
Snickers Bar		Magic Coconut Square
Broadmoor Non-sparkling Spring Water
Soda of Choice

CUISINE VIVANTE BOX LUNCH
Water Boiled Bagel and Vegetable Sandwich
Lettuce, Tomato, Cucumber, Alfalfa Sprouts, Mushrooms
Ranch Dressing
*
Crudite of Celery, Carrots and Radishes
Broccoli Florettes and Olives
Low-Fat Italian Dressing
*
Fruit Yogurt		Granola Bar
Fruit Salad Cup
Low-Fat Pretzels
Broadmoor Non-sparkling Spring water
Soda of Choice

THE SOUTHWESTERNER
Sliced Roast Sirloin of Beef with Jalapeno Cheese
Seven Grain Kaiser Roll
*
Tortilla Chips, Salsa Dip
Rocky Ford Melon Cocktail
Taos Corn Salad
Kosher Dill Pickle
*
Peanut M&M's
Butterscotch Blondie
Broadmoor Non-sparkling Spring Water
Soda of Choice


The Enron Center Garage has opened.

Employees who work for business units that are scheduled to move to the new building and are currently in an Enron contract garage you are being offered a parking space in the new Enron Center garage.

This is the only offer you will receive during the initial migration to the new garage. Spaces will be filled on a first come first served basis. The cost for the new garage will be the same as Allen Center garage which is currently $165.00 per month, less the company subsidy, leaving a monthly employee cost of $94.00.

If you choose not to accept this offer at this time, you may add your name to the Enron Center garage waiting list at a later day and offers will be made as spaces become available.

The  Sky Ring  that connects the garage and both buildings will not be opened until fall 2001. All initial parkers will have to use the street level entrance to Enron Center North until  Sky Ring access is available. Garage stairways next to the elevator lobbies at each floor may be used as an exit in the event of elevator trouble.

If you are interested in accepting this offer, please reply via email to Parking and Transportation as soon as you reach a decision. Following your email, arrangements will be made for you to turn in your old parking card and receive a parking transponder along with a an information packet for the new garage.

The Parking and Transportation desk may be reached via email at Parking and Transportation/Corp/Enron or 713-853-7060  with any questions.


Please reset my password.  My SAP P# is P00509247.


Per Errol McLaughlin,

	A meeting has been scheduled with Jeffrey Gossett, today @ 1:00 PM in EB 3270.

Please add to your schedules.

Thank you,

Irena


approved

 -----Original Message-----
From: 	Lee, Dennis
Sent:	Thursday, February 28, 2002 8:59 AM
To:	Buehler, Craig; Cherry, Paul; Dasilva, Esther; Donoho, Lindy; Frazier, Perry; Lee, Dennis; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Sheffield, Sandy; White, Angela; Y'barbo, Paul
Subject:	Credit Request  Reliant Energy Services

Credit Requested

Shipper : 		Reliant Energy Services, Inc.
Contract # :		27496
Service Type :		FT
MDQ:			30,000 Dth/d
Rate:			$0.10
Term:			March 1, 2002 through March 31, 2002

Dennis P. Lee
ETS
Gas Logistics
(713) 853-1715
dennis.lee@enron.com


variable is all we reimburse them for - they are responsible for the demand.  Let me know if you need anything else with regards to the redwood capacity

Thanks,

Kim

 -----Original Message-----
From: 	Bike, Anne
Sent:	Wednesday, October 03, 2001 6:30 PM
To:	Grigsby, Mike; Mike Grigsby @ Home (E-mail)
Cc:	Valderrama, Lisa; Cashin, Janine; Jones, Monte; Ward, Kim S (Houston)
Subject:	FW: Palo Alto Invoice

The differences we had on Friday were mainly volume related. Correcting the deal in SITARA and UNIFY relates to volume actualizations.  It is not pricing related. As we talked about there are still some issues on the redwood gas.  Redwood gas is the gas relating to the underdelivereis.  In otherwords, when Palo Alto "Burns" less than we actualy schedule on the transport.  Presumably we sell this gas to other 3rd parties, and Palo Alto will be reimbursed for the variable transportation.  I do not think ther are additional fees we would pay on top of reimburseing them for the variable costs, but I am not 100% certain.

Please let me know if ther are any other questions.

Thanks

Anne

 -----Original Message-----
From: 	Cashin, Janine
Sent:	Wednesday, October 03, 2001 10:27 AM
To:	Ward, Kim S (Houston)
Cc:	Valderrama, Lisa; Bike, Anne
Subject:	Palo Alto Invoice

Kim -
Attached is a workbook with tabs reflecting the August 2001 Palo Alto calculation, Enron calculation and the manual invoice we sent to Palo Alto.  I will fax you the Enron Unify invoice and supply verification.  We met with Anne Bike to go over the deals and the Palo Alto calculation prior to forwarding the manual invoice.  We are now in the process of trying to get the deal correct in Sitara and Unity.  Please review and let me know when you are ready to discuss and how you want to go forward.

  << File: 0801.xls >>
Janine Cashin
713-345-8472


Hi Sweetie,

How are you?  Are you working hard?  Hopefully, this email has my name
on it!  I haven't received an email from Jeff yet, but I hope he can
help me out.

I had a terrible night's sleep last night.  All I could think about is
how much I have to do and how little money I have.  I kept dreaming
about not getting things done fast enough.  It rained all night too.
The  thunder was so loud that it woke me up when I finally fell asleep.

Anyway, I'm gonna be ecstatic when this week is over!!!  It's going to
be so nice to relax with you.  All I have is one final to study
for...yeah, it's worth 30% but it's only one final!

If I have a chance I'll email you again later (esp. since I can't call
you this week).

5 more days of class.......

Love you,
Jenn


Do we have to wait for Board resolutions (December BOD mtg) to have Rick start signing, or can they be retroactive ie. ratifying what he's signed if he starts immediately.  I'd think we could do the latter, as that's what you had to do for me.

Cassandra.

 -----Original Message-----
From: 	Lowry, Donna
Sent:	Monday, October 08, 2001 4:40 PM
To:	Heard, Marie
Cc:	Carson, Rick L.; Schultz, Cassandra; Shackleton, Sara
Subject:	RE: Signing Authority

I think so.  It makes sense for Rick to sign on these accounts.  I will be talking to Tom Doukas in the next day to get him focused on his accounts that need to be updated for Enron Credit Inc.  Thanks .Donna

 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, October 08, 2001 3:48 PM
To:	Lowry, Donna
Cc:	Carson, Rick L.; Schultz, Cassandra; Shackleton, Sara
Subject:	Signing Authority

Donna:

I checked the corporate database and Rick is a Vice President of RAC.  Do we want to prepare new board resolutions authorizing him as a second signatory on the brokerage agreements for ENA, ECT Investments and Enron Credit Inc.?

Marie


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

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


======================== THE MOTLEY FOOL ========================
                   B R E A K F A S T   N E W S
                   Thursday, September 27, 2001
benjamin.rogers@enron.com
=================================================================

IN THIS ISSUE
---------------------
- TOP STORY: Reliant Resources Buying Orion Power
  http://www.fool.com/m.asp?i=505043

- NEWS TO GO: Sonus Networks and Allegiance Telecom
  http://www.fool.com/m.asp?i=505044

- POST OF THE DAY: Adventures With a Mercedes 240D
  http://www.fool.com/m.asp?i=505045

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

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-----------------------------------------------------------------
TOP STORY
-----------------------------------------------------------------

RELIANT RESOURCES BUYING ORION POWER
Reliant Resources (NYSE: RRI) announced this morning plans to
acquire Orion Power Holdings (NYSE: ORN) for $4.7 billion in
cash and debt. For Reliant, the deal provides an opportunity to
expand its portfolio of electricity-generating plants in robust
deregulated markets, where government disruption is unlikely in
the coming months.

>>FULL STORY:
http://www.fool.com/m.asp?i=505047

-----------------------------------------------------------------
NEWS TO GO
-----------------------------------------------------------------

Network equipment maker Sonus Networks (Nasdaq: SONS) got
hammered in after-hours trading after announcing that it expects
a third-quarter pro forma net loss of $0.05 to $0.07 per share
on sales of $40 million. That's well below Wall Street's
expectations for sales and earnings of $54.4 million and $0.01
per share, respectively. Sonus will also take charges up to $466
million.

Allegiance Telecom (Nasdaq: ALGX), a competitive local-exchange
carrier, reported disappointing third-quarter results yesterday,
citing the short-term impact of the terrorist attacks on Sept.
11. The company expects revenue of $135 million, well below Wall
Street's expectation of $147.2 million. Allegiance also lowered
its 2001 revenue target 5% below its previous expectation of
$550 million, but maintained full-year earnings guidance.

Guitar Center (Nasdaq: GTRC) was playing the warning blues
yesterday when the music retailer announced that its
third-quarter sales and earnings would fall short of Wall
Street's expectations. Guitar Center expects sales between $219
million and $222 million, with earnings of $0.04 to $0.06 per
share, versus Wall Street's current expectation of $0.16 per
share. The company attributed its disappointing results to the
terrorist attacks, which hurt sales.

Enterasys Networks (NYSE: ETS), which makes network equipment
such as routers and switches, reported second-quarter pro forma
earnings of $23.1 million, or $0.11 per share, compared with
earnings of $10.2 million, or $0.05 per share, in the year-ago
quarter. Wall Street's consensus expectation called for earnings
of $0.10 per share. Revenue increased roughly 26% to $240
million compared to $190.7 million in the same period last year.

-----------------------------------------------------------------
POST OF THE DAY
-----------------------------------------------------------------

ADVENTURES WITH A MERCEDES 240D
"One thing about the Mercedes is that feeling of elegance. Just
riding around behind that hood ornament is a big boost for one's
ego. It gives me delusions of adequacy...But there is a price
for the elegance, reliability, and convenience."

>>FULL POST:
http://www.fool.com/m.asp?i=505048

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

SPONSORED BY: ING Direct
Power Saving with ING DIRECT!
The Orange Savings Account offers 4.00% annual
percentage yield. With no fees and minimums, you have
the advantage...Apply Now...member FDIC.
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=================================================================

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Legal Information: http://www.fool.com/m.asp?i=505055

MsgId: msg-26010-2001-09-27_8-52-47-3196704_2_Plain_MessageAddress.msg-08:54:08(9-27-2001)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


-----Original Appointment-----
From: 	Hodge, Jeffrey T.
Sent:	Tuesday, February 20, 2001 9:29 AM
Subject:	Meeting with Hunter Shively-EB3270
When:	Tuesday, October 09, 2001 2:30 PM-4:00 PM (GMT-06:00) Central Time (US & Canada).
Where:


That will help.

Ben F Jacoby@ECT
03/23/2001 12:21 PM
Sent by: Ben Jacoby@ECT
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: NW conference call

We've deferred him to 1:45 PM.


Cara - will you be adding this annuity into EnPower so that I can include it in my invoice to El Paso for June?

Thanks - A

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Wednesday, August 01, 2001 3:17 PM
To:	Wolfe, Greg
Cc:	Clemons, Amy; Gang, Lisa
Subject:	Kathy from EPE's answer

Kathy had a meeting with Rodger and the accounting people at EPE, and they want to just show everything on the sheet and not do any billing changes in the individual deals.  I explained your point and validated that I thought it would help them later with the PUC stuff.  She told me that she is talking to our settlements person in Houston (Amy Clemons) and wants to show it as just part of the overall invoice number each month instead of breaking it out.  She said that would accomplish the same thing.

Pete is out of the office until Monday, but they are going to get his final blessing on this before the final OK is given on procedure.

Let me know if there is anything further I need to do on this.

C


Does anyone have this file?

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


Well, this shows the direction in which the "new" Commission is heading.  The
very good news, though, is that  TW's proposal was included in both
settlements (now that's hedging!).  Thus,  the benefits to TW were preserved
under both proposals.  Congratulations.  That's fantastic--hard work that
paid off.

We will of course express out extreme dissappointment with the PD, and point
out that this decision condemns California to a 20th century infrastructure,
when the state's 21st century economy demands much, much better.

We should discuss.  Since the PD empowers the likes of Norm and Florio, it
will be important to play very close attention to implementation of Hector.

Sorry to have to be the one to deliver the news.   But we have a knack of
making lemonade out of lemons and we'll do out best to do the same here,
whatever turns up at the end.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 11/22/2000 05:53 PM -----

	Michael.Alexander@sce.com
	11/22/2000 05:27 PM

		 To: Paul_Amirault%SCE@sce.com, tomb@crossborderenergy.com, burkee@cts.com,
craigc@calpine.com, rick.counihan@greenmountain.com, jdasovic@enron.com,
MDay@GMSSR.com, Douglas.Porter@sce.com
		 cc: Colin.Cushnie@sce.com, INGGM@sce.com
		 Subject:

The PD in the Gas Restructuring is out.   I have yet to read the whole
thing, but the title "Approval With Modifications Of The Interim
Settlement..." does not bode well.  According to Steve Watson (and I only
have Steve's statement second hand), the decision reflects a fear that the
timing is wrong in light of the current volatile gas price market.

(See attached file: Proposed.doc)

--
Michael S. Alexander
Southern California Edison
626-302-2029
626-302-3254 (fax)

 - Proposed.doc


Although a final order is not yet available, we were able to glean the basic content of the Commission's latest refund order from the discussion had at the Commission meeting this morning.   It appears that the Commission has not strayed far from Judge Wagner's recommendations, which came out of the settlement conference ordered by FERC.  Highlights include:

In California, refunds/offsets apply only to spot transactions in CAISO and CalPX, and only as of October 2.

Both public and non-public utilities are subject to refund.

It appears that the refund methodology will be similar to that of the June 19 Order, as refined by Judge Wagner.

Daily spot gas prices will be utilized in the methodology.

A 10% creditworthiness premium will be added.

An evidentiary hearing will be ordered to collect the data needed for the methodology;  it is our understanding that the CAISO will have 15 days to provide certain information and the Judge must certify the record in 45 days.

A separate preliminary evidentiary hearing will be ordered to consider Pacific Northwest refunds.  It was briefly described as consisting of an information gathering proceeding of 15 days, followed by an evidentiary proceeding of 30 days.  The Judge would then have an additional 7 days to report to the Commission.  An issue will be the definition of "spot" transaction for the Pac NW, since counsel to the Commission noted that it could differ from the spot definition for California.

We are awaiting the final order and will update this report as soon as it issues.

RA


calendar
----- Forwarded by Steven J Kean/NA/Enron on 10/09/2000 03:31 PM -----

	Marcia A Linton
	10/09/2000 10:40 AM

		 To: James D Steffes/NA/Enron@Enron, Sarah Novosel/Corp/Enron@ENRON, Christi
L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Thane
Twiggs/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steve Walton/HOU/ECT@ECT
		 cc: Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Joe
Hartsoe/Corp/Enron@ENRON, Jeff Brown/NA/Enron@Enron
		 Subject: Conference Call to discuss E-Trans Roll-Out

A conference call has been set up from 9:30 - 10:30 am Wednesday, October 11
to discuss the roll-out plan for project E-Trans.  The call in number is
888-476-3762, Host Code (for Jeff only) is 319346, Participant Code (for
everyone else) is 697588.
Conference room EB-47C1 in Houston has been reserved for this call.

If you have any questions regarding this call, please give me a call at Ext.
33226.

Thanks,
Marcia


John,

The file services team has restored your file. The information is below.

Thursday, October 18, 2001 2:56:53 PM dmayeux
O:\GlobalTrading\Financial\Trading\Historicals\History.xls

 File is for a trader, need it restored ASAP. Thanks!

Thursday, October 18, 2001 3:03:45 PM mwolf
File has been restored and renamed as ~0History.xls

Charles Turcich
Work - 713.345.3280
Enron Corp. - ECN3278B
Desktop Analyst - Trader Support


can you pls add california dept of water resources.

thanks


This is a link to a request awaiting your approval

Thanks

Information Risk Management  ( PK )


They are apparently not going to roll over.

As you are well aware, we filed an arbitration against EPME under the swap agreement and El Paso Corp. under the guaranty. Our hope was that once the El Paso legal department got involved this would come to an amicable resolution. Not so fast.  While EPME recognizes that it is contractually obligated to arbitrate under the swap agreement, El Paso Corp. is claiming that it is not subject to arbitration and has filed a lawsuit asking a court to declare that El Paso Corp. is not subject to arbitration.

We had a call with El Paso's lawyers early this morning to discuss where we are and where we are going. We told El Paso's lawyers that we will agree to drop El Paso Corp. from the arbitration if they agree to drop their lawsuit. (I have talked to Duran and Deffner about this and they have made it clear that our overriding objective is to monetize the swap agreement.  To do so, we need an arbitration panel's ruling on the confidentiality provision in the swap agreement.  The guaranty issue is, in their view, of secondary concern at this time). During the call, EPME asked for 10 days to name their party arbitrator.  We agreed. By the way, we have already appointed our party arbitrator.  El Paso's lawyers are going to check with their client today to confirm that the lawsuit will be dropped.

On the arbitration front, once EPME names its party arbitrator, the two party arbitrators will get together and select a neutral arbitrator.  We should expect that process to take about 30 days.  Then the entire arbitration panel will get together and set an arbitration schedule.

I will keep you updated.

Andy

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Monday, July 16, 2001 8:45 AM
To:	Edison, Andrew
Subject:	What's happening with El Paso Arbitration?


PS If your gift is a letter bomb, you are the best
friend ever.

-andy

--- Jason.R.Williams@enron.com wrote:
>
> The Dolan -
>
> Hey, dude.  What is up?  Has the work/life/existence
> bitterness subsided
> any?  I have an awesome story to tell you about our
> email exchanges from
> earlier in the week; I'll try to give you a call
> this weekend.
>
> To what address do you want me to send the Christmas
> largesse?  Home?
> Office?  Speak man, speak!!!!
>
>
> Jason R. Williams
> Doctor of Gonzo Journalism
>

__________________________________________________
Do You Yahoo!?
Get email at your own domain with Yahoo! Mail.
http://personal.mail.yahoo.com/


Sorry I missed you guys for lunch yesterday.  I didn't get your email until
yesterday afternoon.  I've been in class for two days...Derivatives I.  It's
really hard to sit still and think about swaps and options when I'd rather
think about Sydney!  But I guess it's better than being at my desk all day.
The days are pretty slow.  It doesn't really get busy here until 3:30 or so.

Bye,
Robin

PS If I forget my bras, I'm just not going to bother!!


Guys, notes from the morning meeting.  Please review and comment.

Specific action items:
 a) i)further calculation of ENA/Non- ENA capacity charges, ii) estimation of
outside legal and iii) formulation of charge out/feedback process to the
business units;
 b) need budget/review for competitive analysis, technical and restructuring.

Regards
Delainey


Please attend the staff meeting scheduled for today beginning at 3:30 in EB 1701.   Some of the items that we will discuss include the following:

All employee meeting tomorrow,
PRC - what to do to prepare for year-end,
Alignment of CorpTax company numbers,
Clean-up of Sch. M, other income, deductions descriptions,
Close process training,
2002 time line and workplan will be developed soon and
Last week's RTA meeting with Greek.

And any other items you want to discuss.   Thanks, John.


A meeting to discuss the 2002 Forecast


John:

Camargo Correa is a construction company in Brazil who recently received an allocation of energy from a plant as a bonus for early completion of the hydro facility.  The plant is located in the south, but the company thought that they could deliver energy in the southeast due to a regulatory exception.  Last week, we offered them a R$80/MWhr floor in exchange for 50% of the spot price upside above the floor (11 months out of Feb 02) or a fixed price of R$110/MWhr for approximately 100 average MWs.  This was the best offer they received, but have since come back stating that they can only deliver in the south.  We revised our offer for the south to R$70 and R$110 for the floor and fixed price respectively.  We are seeing some politics creep into the deal and I think the probability is decreasing.

Brett

From:	John J Lavorato/ENRON@enronXgate on 05/22/2001 07:38 AM CDT
To:	Brett R Wiggs/SA/Enron@Enron
cc:
Subject:

Brett

Have you heard of a deal called Camargo Correa.  Its listed as a high probability deal for q2 with 8.4 Million of Origination.


-----Original Message-----
From: Stephanie Owens [mailto:ksowens8@iwl.net]
Sent: Sunday, October 15, 2000 10:06 PM
To: zwharton@dawray.com
Subject: Wedding photos continued

more photos...

?
 - zo2nicwen1.jpg
 - zo2nicwen2.jpg
 - stephandkev.jpg
 - zo.jpg


Disregard prior message re forms and please review this attachment instead.

Mary


Jim,
Are you all over this?  Is there a chance that we lose operations at these utilities before we can sell the markets?

 -----Original Message-----
From: 	Wilhite, Jane
Sent:	Wednesday, December 12, 2001 10:15 AM
To:	Black, Don
Cc:	St. Clair, Carol; Sacks, Edward
Subject:	FW: Bond Cancellation - EES/Enron Energy Marketing Corp/Enron Power Marketing

Don,

Attached is a list of surety bonds which involve EES with expiration dates that range from February 02 through October 02 that we do not plan on renewing.  Notices were received regarding early termination and/or non-renewal.  All of the notices will be forwarded to Carol St. Clair.

If you have any questions or would like to discuss further please feel free to call.

Thank you,

Jane Wilhite
ext. 35063

 -----Original Message-----
From: 	Bradford, William S.
Sent:	Tuesday, December 11, 2001 4:06 PM
To:	Wilhite, Jane
Subject:	FW: Bond Cancellation - EES/Enron Energy Marketing Corp/Enron Power Marketing

 -----Original Message-----
From: 	Grisaffi, Mary
Sent:	Tuesday, December 11, 2001 9:54 AM
To:	Bradford, William S.
Cc:	Bouillion, James L.; Deffner, Joseph; Marshall, David
Subject:	Bond Cancellation - EES/Enron Energy Marketing Corp/Enron Power Marketing

I called Molly Harris, she said there wasnt any one left in her dept. and that you should be able to help with the bonds for these companies, if there is someone else I should be contact, please let me know.

Bill, attached is a list of bonds that our broker (John L. Wortham, LLP) received a notice of cancellation on from  Fireman's Fund and Safeco.   Please determine which obligations will be required in the future.  However our broker has offered assistance in establishing a replacement surety, but you may also want to investigate alternative form of acceptable security.

Please let me know if you need copies or if there is anything I can do to help.  Thanks.


Duke Energy, Environmentalists Strike Deal over California Plant
Tom Knudson

May. 16, 2001
Knight Ridder Tribune Business News - KRTBN
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

Days after state regulators gave Duke Energy the go-ahead to expand its Moss
Landing Power Plant near Monterey Bay last fall, documents show four
environmental groups made their own deal with the utility giant. The four
signed an agreement not to "participate in any lawsuit (or) regulatory
challenge" that might slow or stop the project in exchange for a financial
concession: $1 million from Duke for environmental "monitoring and research."

Balancing power generation and environmental protection always has been
difficult. But today, as power-starved California scrambles to find and
permit new energy sources, some fear the Moss Landing agreement shows that
money can sway even environmentalists -- and tip the scales too far in favor
of economic development.

Environmentalists who signed the agreement, though, said that despite their
concerns about the plant expansion, they had little chance of stopping it,
especially after it was approved by the California Energy Commission and
Central Coast Regional Water Quality Control Board.

So they took the potentially controversial step: entering into an agreement
with Duke for financial resources to pay for studies of the plant's impact on
the marine environment.

Other environmentalists, though, criticized that approach.

Duke Energy's efforts to modernize the Moss Landing Power Plant resulted in
mitigation payments to environmental and other groups, including:

$7 million to the Elkhorn Slough Foundation to mitigate the plant's use of
seawater.

$425,000 to the Monterey Bay Sanctuary Foundation over three years to monitor
heated seawater discharge in the ocean.

$1 million to the Monterey Bay Sanctuary Foundation over five years to
monitor water quality through a program sponsored by Save Our Shores, the
Center for Marine Conservation, the Friends of the Sea Otter and the Otter
Project.

$100,000 to the Marine Mammal Center to relocate its triage center for
injured animals onto power plant property.

$3.4 million to the Moss Landing Chamber of Commerce over 20 years for
infrastructure improvements in the Moss Landing community.

$100,000 to design and construct a boardwalk for additional beach access in
Moss Landing.

$60,000 for an environmental assessment for a proposed Elkhorn Slough Circle
Trail. If approved, Duke would provide an additional $250,000 endowment to
maintain the trail.

"It is very disheartening," said Carolyn Nielson, a retired teacher who along
with some other local residents is waging a battle against what they consider
an environmentally harmful power plant cooling system.

"These environmental groups have the expertise, the biologists, the
attorneys," said Nielson, who has taken her case to the State Water Resources
Control Board. "We could have been much more successful with their help. But
there wouldn't have been any financial reward in it for them."

Such criticisms are off-base, according to Warner Chabot, regional director
for the Center for Marine Conservation, a national environmental group that
was among those to sign the deal. He said environmentalists got the best deal
possible in the current energy climate.

"Look at what's happening with power plant approvals in California right
now," said Chabot, referring to the state's push to bring new energy sources
on line.

The Moss Landing project -- which is scheduled to add 1,060 megawatts in
2002, enough to serve one million homes -- is a key part of that energy
expansion plan.

No money will go to the four environmental groups -- the Center for Marine
Conservation, along with Save Our Shores, Friends of the Sea Otter and the
Otter Project. It will be routed, in five yearly installments of $200,000
each, to the Monterey Bay Sanctuary Foundation, a nonprofit organization that
helps support sanctuary programs, including scientific research.

Chabot helped found the sanctuary foundation and sits on its board. He said
the money will be used to monitor the health of Elkhorn Slough, a
biologically rich estuary that borders the plant and is linked to Monterey
Bay.

"Not a dime comes to the Center for Marine Conservation," he said. "Not a
penny comes to me."

Duke representatives said the controversy about the arrangement has been
stirred by a handful of people.

"It's a million dollars worth of water quality studies," said Duke spokesman
Tom Williams. "Our whole effort wasn't to try to buy anybody off. It was
designed to help increase people's comfort level where there wasn't a comfort
level."

The $1 million agreement signed in November is part of a package of more than
$12 million in Duke payments to civil, government and environmental groups in
connection with the plant modernization.

The heftiest award -- $7 million to the Elkhorn Slough Foundation, a
nonprofit environmental organization -- was negotiated by state agencies to
"mitigate" environmental impacts of the plant.

Formed in 1982, the slough foundation exists to promote "the wise use and
conservation of Elkhorn Slough and surrounding wetlands," its Web site says.
However, some environmentalists say the state-approved mitigation plan is
inadequate.

"If you want to say, 'Who did Duke roll with a big chunk of money?' I would
say they rolled the California Energy Commission and the Regional Water Board
for the price of mitigation," Chabot said. "The agencies got bought off
cheap. And the environment got taken to the cleaners."

Duke's Williams strongly disagreed. Environmental mitigation "must be based
on science, not on buying anybody off," he said. "That is inappropriate, and
we would not participate in that.

"That suggestion is offensive to us. And it should be offensive to any
environmentalist."

Bob Haussler, head of the Energy Commission's environmental protection
office, said the mitigation plan is biologically sound. "We are confident it
will improve the slough ecosystem," he said.

Madeline Clark, a local businesswoman and founder of Monterey Parkway -- a
citizens group that scrutinizes local public works projects -- called the
recipients of Duke's payments a "shopping list" of government agencies,
environmental groups and civic organizations. She was particularly critical
of the $1 million deal with environmental groups.

"You know what bothers me?" Clark said. "Environmental groups get tons of
donations. Their purpose is to protect and defend the environment. If a big
corporation like Duke can come in and buy them off, I have a real problem
with that."

Construction began in November on Duke's project to add 1,060 megawatts of
natural gas-fired electrical capacity to the Moss Landing plant, purchased
from PG&E in 1998.

If the expansion is finished next year, as scheduled, it would account for
more than 30 percent of all new generation in California in 2002.

"This is a big deal," said Williams, the Duke spokesman. "It will be the
largest plant in California. If that plant is delayed a month or two, we lose
the summer of 2002. And that affects not only Duke Energy, but the state of
California."

Opponents say it's not the power they oppose, but the plant's cooling system,
which will pump about 1.2 billion gallons of seawater each day from Moss
Landing Harbor. Such pumping, they say, will degrade Elkhorn Slough. They
argue for an alternative cooling system, such as towers that re-circulate
water.

"Basically, what that plant will do is take 25 percent of the volume of the
harbor and slough, run it through a pipe and dump it back into the ocean with
much of the marine life cooked and dead," said Steve Shimek, executive
director of the Otter Project.

For Shimek and other environmentalists, scientific studies commissioned by
Duke during the permitting process left key questions unanswered about the
plant's impact on the environment.

"There was no scientific evidence that would literally point to Duke causing
harm to the environment," said Vicki Nichols, executive director of Save Our
Shores. "We felt we didn't have strong standing to sue."

Instead, the environmentalists began negotiating with Duke for financial
payments for studies of environmental impacts of the modernization project.

The process "gave me tremendous pause and great concern," Nichols said. "I
knew there was going to be some perception that we were doing the wrong
thing."

She was right.

"As far as I'm concerned, with the price-gouging going on by the energy
wholesalers, they are just receiving stolen goods," said Clark, of the
citizens group.

Her skepticism was sharpened by the recent disclosure that Duke Energy
approached Gov. Gray Davis with a secret deal offering financial concessions
if the state dropped lawsuits and investigations into the power generator.

Chabot, with the Center for Marine Conservation, discouraged any comparison
between the two offers, calling it "grossly unfair and inaccurate."

Regardless of what was intended with the payments, Nielson said they stain
the process. "It is so destructive in terms of making everyone cynical," she
said.

Shimek took a different view. "We convinced Duke to spend $1 million toward
monitoring that, frankly, five years from now could very well come back to
haunt them," he said.

"Did we do the right thing? I have no idea. Did we try our best? Yes, we
did."


You may think you've seen this, but don't be so sure.  There's lots of good
stuff on this one - takes a while to see it all, but worth it (probably only
if you're Republican, though!).  Be sure to click on "Palm Beach Pokey,"
"GORinch," and the other links at the top of the page.

Have a great weekend!  SRS

 - Dancin Dubya.htm


Dear Colleagues,

On numerous occasions this past year, Enron Government Affairs (EGA) support
provided to commercial groups resulted in substantial increases in project
economics and enhanced the overall value of many deals. The Regulatory Risk
Analytics group has been tasked to help you quantify EGA,s portion of this
value added over the past year. For budgetary reasons, it is critical for
every EGA member to participate in this exercise and document his/her share
of significant value added.  Please contact Gia Maisashvili or John Neslage
to discuss the  methodology for determining EGA,s value added as soon as
possible.   The contact information for Gia is (713)  853-4346, and for John
its (713) 853-6827.

The dead line for this effort is Friday,  September 1st

Thank you for your cooperation


I will be out of the office from 11/27/2000 until 12/12/2000.

I am out of the country and cannot check mails. You can reach me by sending
an e-mail to chonawee@yahoo.com. Otherwise, I will response to your message
when I get back.
Thank you.
-Chonawee


FYI, Susan & Audrey

 -----Original Message-----
From: 	Hyatt, Kevin
Sent:	Wednesday, November 14, 2001 4:02 PM
To:	Harris, Steven; Donoho, Lindy; Watson, Kimberly; Gadd, Eric
Cc:	Dickerson, Steve V
Subject:	Western Capacity Meeting
Importance:	High

Please join us in EB1339 (Goodpasture's old office) for an update on projected Western pipe capacity on Thurs. 11/15 from 1:30 - 2:30 pm.

thanks
kh


Michelle:  I would like to recommend that when the H.R. Representative has an exit interview with a foreign national employee who is being laid off from Enron, that Enron offer them a consultation with Tindall & Foster.  This would enable the individual to talk to the attorneys about their individual immigration status and concerns, after they leave Enron's employment.  I believe it would also show that we are concerned about them.

The approximate cost of this is $150 per hour.

Do you see any problems with this?
Please advise
Margaret


My pleasure -- no problem.  Hope my comments were helpful.  Where did you
guys end up on the Index issue?

Leslie

	Gerald Nemec
	12/15/2000 10:25 AM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc:
		 Subject: Re: ECSC - Market Energy Price language

Thanks for your help yesterday.  Sorry about the quick turnaround.

	Leslie Hansen
	12/14/2000 12:28 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: ECSC - Market Energy Price language

Gerald:

Attached please find my proposed revisions to the Transaction Agreement for
the ECS/EES transaction to address the Market Energy Price calculation.
Sorry it took me a little longer than I anticipated.

Give me a call if you have any questions.

Leslie


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Good Morning!

Here is the latest draft of your article for the ENSIDE Newsletter.  I have
forwarded it to the design team and expect them to send me a layout copy
sometime next week.  We will be able to make any additional changes then.

Talk to you next week - have a great weekend!

Best regards,
Kathie


Larry, as per our conversation, presented below are the emissions factors
provided by the state of Colorado for the T-7000 Centaur under permit
97LP0653 :

  PM10   14.000/MMSCF

  TSP   14.000/MMSCF

  NOx   0.100/MMBTU

  CO   0.121/MMBTU

  VOC   0.0348/MMBTU

  Formaldehyde  0.00438/MMBTU

  acetaldehyde  0.00546/MMBTU

As you already know, the emissions factors for the Centaur 50H turbine under
permit 97LP0885 can be found on page 5 of this permit which was issued on
October 6, 1999.

Remember, the state has given us until May 19 to have the rolling emissions
calculations completed for both turbines at the facility.


-----Original Message-----
From: Guerra, Claudia
Sent: Friday, August 03, 2001 7:26 AM
To: Black, Tamara Jae
Subject: FW: NERC CRC Internet Site

-----Original Message-----
From: Will, Lloyd
Sent: Thursday, August 02, 2001 8:20 PM
To: Guerra, Claudia
Subject: FW: NERC CRC Internet Site

Please forward this email to all of East Power Staff.

Thanks.

-----Original Message-----
From: "Lou Leffler" <Lou.Leffler@nerc.net>@ENRON
Sent: Thu 8/2/2001 5:23 PM
To: Lou (E-mail)
Cc:
Subject: NERC CRC Internet Site

02 August 2001

NERC ANNOUNCEMENT

We are pleased to PRE-announce significant enhancements to the NERC CRC

Internet site.

CRC provides information to the Electricity Industry:

1.  NERC Eastern Interconnection Transmission Loading Relief events.

2.  NERC Energy Emergency Alerts.

3.  Data on key flowgates.

4.  The Transaction Distribution Factor viewer.

5.  The Generator Shift Factor viewer.

6.  Links to factor and document files.

The existing site:

< <http://crc.nerc.com>>

will remain active as the official updated functional site until the

cutover, which is tentatively planned for the evening of Tuesday 07

August 2001; during the cutover there will be a planned outage of the

CRC site for a short time, expected to be no longer than one hour.

The new site will have the same URL.

The beta site is available for your inspection until the cutover:

< <http://crc2.nerc.com>>

You are encouraged to check this out and to review the changes in

format. There will likely be some continuing work and the exact

appearance may be altered somewhat prior to the cutover. Please note

that download files are available under the new heading "Downloads".

Thank you, and questions can be directed to NERC at:

609-452-8060


Thanks so much.  You in LA?  I'll be working very little while I'm away.  Wee
bit of computer.  Couple of phone calls.  Lots of rest.  have a great weekend.

Best,
Jeff

	Karen Denne
	03/23/2001 09:33 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Re: Out of the Office

GOOD FOR YOU!!! Enjoy, and try to have an Enron-free vacation!

From: Jeff Dasovich on 03/23/2001 07:50 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, Karen
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Susan J Mara/NA/Enron@ENRON,
Sandra McCubbin/NA/Enron@Enron, Scott Govenar <sgovenar@govadv.com>,
hgovenar@govadv.com, MDay@GMSSR.com, Janel Guerrero/Corp/Enron@Enron, Maureen
McVicker/NA/Enron@Enron, Ginger Dernehl/NA/Enron@Enron, Joseph
Alamo/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Harry
Kingerski/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Alan Comnes/PDX/ECT@ECT
cc:

Subject: Out of the Office

Greetings:

I'll be out on vacation all next week, but will be periodically checking
voicemail and email.

Best,
Jeff


Thought it would be a good idea for you to have a copy of this.


ROSEMEAD, Calif., May 31 -- Tomorrow, Southern California Edison (SCE) will
hold an "invitation-only" telephone conference call for holders of SCE's
5-7/8% senior unsecured notes and maturing commercial paper. Although two-way
participation in the telephone call is limited to holders of SCE 5-7/8% notes
and SCE commercial paper only, all other interested parties are invited to
participate in a "listen-only mode" through a simultaneous webcast on the
company's Web site.
Subject: "Update on the California Electricity Crisis"
When: Friday, June 1
Time: 1:30 p.m. PDT
Web site: www.edisoninvestor.com
In addition to the "live" simulcast, telephone replays will be available
through Friday, June 15 at the following numbers:
(877) 693-4277 - for callers in the U.S.
(402) 220-0042 - for international callers.
Please use pin number 5038.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Steve, I only have the following suggestion for the Office of the Chairman
paragraph:

 "Dave is forming an Office of the Chairman in EES.  Joining Dave, in the
Office of the Chairman, will be Marty Sunde, as President, Global Marketing
Services and Dan Leff, as President, Global Energy Services.  Dan and Marty
have been instrumental in the development and execution of the successful EES
business model.  In addition, Janet Dietrich will join the Office of the
Chairman as Chief Operating Officer.  Currently, Janet is Managing Director
in Enron Americas where she had successfully led both trading and origination
organizations."

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/06/2001
07:12 PM ---------------------------
From: Steven J Kean@ENRON on 02/06/2001 04:41 PM
Sent by: Maureen McVicker@ENRON
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, Mark
Palmer/Corp/Enron@ENRON, Mark Frevert/NA/Enron@Enron, David W
Delainey/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT,
Karen S Owens@ees, Dan Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Peggy
Mahoney/HOU/EES@EES, John J Lavorato/Enron@EnronXGate
cc:
Subject: CONFIDENTIAL - DO NOT DISTRIBUTE

CONFIDENTIAL - DO NOT DISTRIBUTE

Steve Kean would like your comments on this email as soon as possible.

Thanks.


Carol,

Attached are the S. 420 and HR 333 as passed, respectively, by the Senate and
the House.  As you know, the bills are prepared to go to conference, however
Senate leadership has not yet figured out how they will organize the
conference.

The language of interest to you is located in Title IX, Sec. 901(d), found on
page 292 of HR 333 and on page 307 of S. 420.

Thanks,
Larry

Chris Long
05/30/2001 12:30 PM
To: Carol St Clair/HOU/ECT@ECT, Larry Decker/NA/Enron@Enron
cc:

Subject: Re: Forward Contract Definition

Will you please forward S. 420 and H.R. 333 to Carol via e-mail.

----- Forwarded by Chris Long/Corp/Enron on 05/30/2001 12:29 PM -----

	Carol St Clair@ECT
	05/30/2001 10:04 AM

		 To: Chris Long/Corp/Enron@ENRON
		 cc:
		 Subject: Re: Forward Contract Definition

Chris:
Thanks.  I'm checking with Vicki Sharp to see if we want to do anything.
Where can  locate the latest version of the bill that would have the proposed
changes to the forward contract definition?

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Chris Long@ENRON
	05/29/2001 04:52 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: Forward Contract Definition

Carol - While it never too late to suggest a change, given the political
situation I would be hesitant to offer anything more than a "clarification".
While I would not spend a huge amount of time on it, I suggest you examine if
there are any changes. Depending on what happens in the Senate (now that it
is in Democratic hands), the process can be reopened and we could have an
opportunity to offer suggested changes (or it kill the bill all together).

	Carol St Clair@ECT
	05/29/2001 02:41 PM

		 To: chris.long@enron.com
		 cc: Vicki Sharp/HOU/EES@EES, Jeffrey T Hodge/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT
		 Subject: Forward Contract Definition

Chris:
Would it be too late to suggest changes to the definition of "forward
contracts" in the Bankruptcy Code in order to improve our position with
respect to the physical supply contracts that EES enters into?  I am not sure
what chnages we would want, but was wondering if there was any opportunity to
suggest a change.  Let me know what you think.  Thanks.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


On May 10, 2001, a memo was sent out regarding "Peer Group Mapping".  This mapping is intended to illustrate from a functional view point where each activity was placed at Year End 2000 VP PRC.

Please refer to the attached original memo, if you have not responded to David Oxley and have any comments
please respond to him by May 25, 2001.

Dave Delainey

Following my note last week please find attached the consolidated peer group mapping for all business units. This mapping is intended to illustrate from a functional view point where each activity was placed at Year End 2000 VP PRC.

We were considering moving to a 3 Peer Group Structure however it as agreed at the last PRC Committee Meeting  to stay with the current structure since the data had been cleaned and everyone felt generally comfortable where most activities had been placed with the exception of just  2 or 3. It was agreed that we should concentrate on resolving these rather than undertaking an organization wide remapping excercise to consolidate to 3 Peer Groups. All functions/activities within the business units should now be reflected on the acttached.

The actions points from this excercise are:

1	to review and agree the attached mapping

2    consider and comment on highlighted groups that we have discussed in previous PRC meetings and ask for your comments or objections to moving them 	as indicated on the attachment.

3	invite your comments or questions on any other function that you consider questionable or requiring further explanation.

      Please return your comments to David Oxley by Friday May 25.

      To have this discussion now will save lengthy discussions in the final VP/MD PRC Meetings.  Definitions of the peer groups are also attached for your ease of
      reference.


Thanks Sue!  Glad to be of help and look forward to a great year 2000!

Fletch


---------------------- Forwarded by Darron C Giron/HOU/ECT on 02/16/2001
01:59 PM ---------------------------

	From:  Larry Joe Hunter                           02/16/2001 01:58 PM

To: Jeffrey C Gossett/HOU/ECT@ECT, Kam Keiser/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT,
Errol McLaughlin/Corp/Enron@ENRON
cc: Ellen Wallumrod/NA/Enron@ENRON, Richard Deming/NA/Enron@Enron
Subject: Cross Timbers

Sorry for the late notice on this one.
Can you provide MTM values as of Dec 29, 2000, for the short name of CROSS
TIMBERS.

Thanks again,
Joe Hunter


This is an internal draft, which has not been sent to CRRA, as far as I know.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/25/2000 04:46
PM ---------------------------

	Enron North America Corp.

	From:  Kay Mann                           09/21/2000 03:01 PM

To: Jeffery Ader/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Heather
Kroll/HOU/ECT@ECT, Scott Healy/HOU/ECT@ECT
cc:

Subject: Draft LOI for CRRA

Here's a first ckm draft based on what we had before.  From a substantive
standpoint I used fuel cell energy technology as a generic, and not
specifically relating it to FCE.  I based this on a very brief discussion I
had with Heather, so I hope I didn't misunderstand.

I've incorporated the confidentiality agreement by reference, and included a
brief statement that this transaction falls within its purview.

Please let me know your comments.


I like it....

From: Reagan Rorschach/ENRON@enronXgate on 03/19/2001 05:23 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Profit Calc Issue

Kay,

Regarding calculation of the profit, can we add the caviot that "a more
comprehensive calcuation of the profit would be agreed to by the parties in
the definitive agreement."??


Here is the DWR revenue requirement, which is good news for creditors.  It is significantly less on an annual basis, $2.66 B per annum vesus $4.2 B to $4.4B per annum shown before.  This difference can largely be explained by the fall-off in spot curves which explains $1.3 B per annum of the decrease.  All eyes will be on the utility's generation rate cases at CPUC on their retained gen, QF and billaterals.


Content-Transfer-Encoding: quoted-printable
Date: Fri, 18 May 2001 08:40:43 -0500
From: "Tracey Bradley" <tbradley@bracepatt.com>
To: "Justin Long" <jlong@bracepatt.com>, "Paul Fox" <pfox@bracepatt.com>
Cc: "Deanna King" <dking@bracepatt.com>, "Ronald Carroll"
<rcarroll@bracepatt.com>
Subject: Scheduled blackout plan gaining favor
Mime-Version: 1.0
Content-Type: text/plain; charset=ISO-8859-1
Content-Disposition: inline

FYI

Scheduled blackout plan gaining favor
LIMITING PRICES: 3-state buyers' cartel with Northwest could create leverage

Lynda Gledhill, Chronicle Sacramento Bureau
Thursday, May 17, 2001
,2001 San Francisco Chronicle

URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2001/05/17/MN88959.DTL

More blackouts but no ransom payments for energy gougers -- that's a deal
looking increasingly attractive to California lawmakers and consumer
advocates.

The idea, which has attracted the support of some key lawmakers and the
cautious interest of Gov. Gray Davis, is for the state to set a firm ceiling
on what it will pay power producers for electricity this summer -- and not
one dime more.

The trade-off would be certain blackouts, possibly more than if the state
continues to pay any price electricity sellers demand.

Some advocates of the idea think that California could minimize the number of
blackout hours and gain a measure of control over the energy crisis by
scheduling service interruptions.

"We need to stop this game of electricity chicken," said Michael Shames,
director of the Utility Consumers' Action Network, which first proposed the
idea. "We are likely to see blackouts this summer; we should use them to our
advantage rather than be victimized by them."

The plan calls for creating a "buyers' cartel" of California, Oregon and
Washington. Essentially, the states would decide at what price they were
willing to buy power and refuse to purchase once it tops that level.

The state has spent $6 billion on energy purchases since January, and at one
point during last week's power shortage was spending $1,900 per megawatt hour
-- more than 10 times what Davis has planned on for this summer. That kind of
spending cannot go on, Democratic Assemblyman Fred Keeley of Boulder Creek
said yesterday.

"The question is, can we sustain the level of spending we have and have the
state maintain economic stability? I believe the answer is no," said Keeley,
the lower house's main figure on energy policy and author of the bill that
put the state in the power-buying business.

"To get this problem solved, we have to think in bold terms," said Keeley,
who introduced a resolution along with fellow Democratic Assemblyman Paul
Koretz of West Hollywood that urged Davis to form a cartel.

THREE STATES ARE BETTER THAN ONE
Davis said last week that "my bias would be to keep the lights on at any
price." But yesterday, the governor said a temporary price limit is
"certainly a matter we've talked about and considered at some length. The
next step will be to see how the governors of Oregon and Washington respond
to it."

A spokesman for Gov. Gary Locke of Washington said the matter is being
considered. Calls to the office of Oregon Gov. John Kitzhaber were not
returned.

The idea has appeal among some consumers who believe, as many state officials
do, that California is being gouged for electricity.

"I can see if our bills were $20 or $30 more, but this is ridiculous," said
Kimberly Chambers, an 18-year-old fashion design student from Oakland.
"Whatever it takes, I don't think we should have to pay for more."

But Yunah Kim, 36, who moved to the Bay Area from New York a month ago, said
blackouts should not even be considered.

"The infrastructure of government is coming apart, and it's the basic service
government is able to provide," she said. "Businesses are not going to put up
with that. It's very shortsighted. We just have to pay until there's a
solution."

Severin Borenstein, director of the University of California Energy Institute
in Berkeley, said blackouts might be worse than supporters of price limits
believe.

"I think they (power companies) would call our bluff," and sell their
electricity elsewhere, Borenstein said. "I don't think the state has the
ability to credibly commit to paying no more than 'X.' That would be a very
controversial decision."

Legislation is already in the works to give Davis the ability to enter into a
West Coast buyers cartel. A bill sponsored by state Sen. Dede Alpert, D-
Coronado, would allow the Independent System Operator to refuse to buy power
if it is too expensive.

The maximum the state would pay would be set by a formula, based on such
things as the cost of natural gas. A reasonable profit for power producers
would be built in, supporters said.

LOOKING FOR SOME CONTROL
Alpert said everyone wants to avoid blackouts, but that seems unlikely.

"Everybody I talked to -- once you establish that there will be blackouts --

both businesses and residents say, let's have control," Alpert said.

The California Manufacturers and Technology Association, which commissioned a
recent report that said unplanned blackouts could cost the state economy $21.
8 billion and 135,000 jobs, is considering whether scheduled interruptions
would be less harmful.

"The problem if we do (scheduled blackouts) is that we may have an inordinate
amount of blackouts," said Gino DeCaro, a spokesman for the group.

NO EASY TASK
The ISO, which runs the state's power grid, is scheduled to issue a report
tomorrow on how scheduled blackouts might work.

Sen. Debra Bowen, D-Marina del Ray, said that planning blackouts is not as
easy as it sounds.

"The difficulty is a pragmatic one -- the circuits are not wired to deal with
choices like we are having to make," said Bowen, who has been holding
hearings on how the state might better manage blackouts.

"Maybe we should be paying people to turn off their fuse box," Bowen said.

Chronicle staff writer Marsha Ginsburg contributed to this report. / E-mail
Lynda Gledhill at lgledhill@sfchronicle.com.

,2001 San Francisco Chronicle   Page A - 1


What do you mean funds are being told...?

	Enron North America Corp.

	From:  Clayton Seigle                           12/11/2000 09:11 AM

To: John L Nowlan/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Don
Schroeder/HOU/ECT@ECT, David J Botchlett/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT
cc: Scott Tholan/Corp/Enron@Enron, Robert Johnston/HOU/ECT@ECT
Subject: word on the street

According to sources, funds are being told this morning that OPEC is likely
to cut production by 800,000 - 1 million b/d in Q1 2001, no later than the
end of February.  Most likely scenario as of now is that OPEC will hold an
extraordinary meeting in February to make the decision.  In the unlikely
event that prices continue to slide significantly, the decision might be
moved up to the January 17 meeting.