This transaction was a real pleasure to work on.  It is a 12 month
all-requirements contract with Central Maine Power Company for their
medium-sized commercial customers.

Once again the model of a cross-functional team was successfully employed.
John Llodra was the lead originator with support from George Wood
(mid-market), Janice Moore (legal) and myself.  The four of us participated
in numerous meetings with both the counterparty and with the regulatory
commission overseeing the procurement process with the ultimate result of
having our contract approved and executed the same day.  I am told the deal
booked $10m for ENA.

---------------------- Forwarded by Daniel Allegretti/NA/Enron on 02/12/2001
02:10 PM ---------------------------

Janet R Dietrich@ECT
02/07/2001 05:06 PM
To: Jeffery Ader/HOU/ECT@ECT, John Llodra/Corp/Enron@ENRON, George
Wood/Corp/Enron@Enron, Daniel Allegretti/NA/Enron@Enron, Jim
Meyn/NA/Enron@Enron, Janice R Moore/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron, David W Delainey/HOU/ECT@ECT, Kevin M
Presto/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Berney C
Aucoin/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Louise Kitchen/HOU/ECT@ECT,
Greg Whalley/HOU/ECT@ECT

Subject: Congrats!

Contratulations on the execution of the Central Maine SOS deal! This is
another great example of what we can do when everyone comes together to get
something done. This transaction brings both strategic value to the business,
nice positions for the book and quite a nice chunk of change as well!

Great job guys!

(Hey Dana, are you paying for the celebration dinner?!)


---------------------- Forwarded by Kay Mann/Corp/Enron on 10/12/2000 04:46
PM ---------------------------

Heather Kroll@ECT
10/12/2000 04:44 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: MANN 17OCT HOU TO NYC ==NOT TICKETED

---------------------- Forwarded by Heather Kroll/HOU/ECT on 10/12/2000 04:44
PM ---------------------------

Claudette Harvey
10/12/2000 04:21 PM
To: Kay Mann/Corp/Enron@Enron
cc: Heather Kroll/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT
Subject: MANN 17OCT HOU TO NYC ==NOT TICKETED

Let me know if you need anything else.

claude
---------------------- Forwarded by Claudette Harvey/HOU/ECT on 10/12/2000
04:20 PM ---------------------------

Julie Hunt <jhunt_vitoltvl@yahoo.com> on 10/12/2000 12:36:28 PM
To: CHARVEY2@ENRON.COM
cc:
Subject: MANN 17OCT HOU TO NYC ==NOT TICKETED

                                                   SALES AGT: JH/YDLPA5

                                          MANN/C KAY

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN: C HARVEY X30497

  DATE:  OCT 12 2000

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  17OCT HOUSTON TX     NEW YORK NY    937A    215P
CO 1966    A          TUE   G.BUSH INTERCO LA GUARDIA
                            TERMINAL C     TERMINAL M
                            BREAKFAST                     NON STOP
                            RESERVATION CONFIRMED         3:38 DURATION
                  AIRCRAFT: BOEING 737-300

HOTEL                 17OCT THE MARK NEW YORK
                      19OCT 25 EAST 77TH STREET
                            NEW YORK, NY 10021
                            UNITED STATES OF AMERICA
                            TELEPHONE: ++1 212 7444 300
                            FAX: ++1 212 4725 714
                            CONFIRMATION: 199329
                            SINGLE ROOM KING SIZE BED
                            RATE: COR USD 500.00 PER NIGHT
                            ONLY JR SUITE AVAILABLE

CONTINENTAL AIRLINES  19OCT NEW YORK NY    HOUSTON TX     1050A   136P
CO 1249    A          THU   LA GUARDIA     G.BUSH INTERCO
                            TERMINAL M     TERMINAL C
                            LUNCH                         NON STOP
                            RESERVATION CONFIRMED         3:46 DURATION
                  AIRCRAFT: BOEING 737-700

RESERVATION NUMBER(S)  CO/M9D4NH

CO  FREQUENT FLYER COHG770475
**CONTINENTAL RECORD LOCATOR: M9D4NH
**********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Do You Yahoo!?
Get Yahoo! Mail - Free email you can access from anywhere!
http://mail.yahoo.com/


John,

5 works.

Vince

John Arnold
06/01/2000 02:22 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:

Can we meet at 5:00 today?


** Proprietary **

--------- Inline attachment follows ---------

From:  <Cbrewer@westerngas.com>
To: clm@swgd.com, Heather Sena <Hsena.ENGPO.D1DOMAIN@westerngas.com>, Jennifer Buffington <JBUFFING.MKTPO.D1DOMAIN@westerngas.com>, Linda Haynes <LHAYNES.Remotepo.D1DOMAIN@westerngas.com>, Liz Stumm <LSTUMM.ADMPO.D1DOMAIN@westerngas.com>, Marla Hoffman <MHOFFMAN.ENGPO.D1DOMAIN@westerngas.com>, Terri  Delellis <TDELELLI.MKTPO.D1DOMAIN@westerngas.com>, Tammy O'Keefe <TOKEEFE.ADMPO.D1DOMAIN@westerngas.com>
Date: Wednesday, October 17, 2001 2:45:00 GMT
Subject:

** Proprietary **

--------- Inline attachment follows ---------

From:  <clm@swgd.com>
To: cindy <cbrewer@westerngas.com>
Date: Wednesday, October 17, 2001 2:44:57 GMT
Subject:

-----Original Message-----
From: Jay Billingsley <jayb0921@cei.net <mailto:jayb0921@cei.net>>
To: Robert Woods <woodsrob@cei.net <mailto:woodsrob@cei.net>>; Donna Stec <dogstec@aol.com <mailto:dogstec@aol.com>>; Blaine Richardson <blaine@oztech.com <mailto:blaine@oztech.com>>; MELISSA RAWLINGS <M_RAWLINGS@fayar.net <mailto:M_RAWLINGS@fayar.net>>; Rawlings, Beth <LilBeth920@aol.com <mailto:LilBeth920@aol.com>>; Robbie Marie <leo_814@hotmail.com <mailto:leo_814@hotmail.com>>; Hurt, Katie <katie_hurt@hotmail.com <mailto:katie_hurt@hotmail.com>>; Hurt, Emily <emily_hurt@hotmail.com <mailto:emily_hurt@hotmail.com>>; Jeanne Dixon <jdixon@telapex.com <mailto:jdixon@telapex.com>>; Sharon K. Fell <sharonkfell@aol.com <mailto:sharonkfell@aol.com>>; Tina Brewer <brewertina@hotmail.com <mailto:brewertina@hotmail.com>>; Lauren Billingsley <kissme918@aol.com <mailto:kissme918@aol.com>>; Kyle & Stephanie Anderson <kyleanders@aol.com <mailto:kyleanders@aol.com>>
Date: Sunday, October 14, 2001 10:43 PM
Subject: Fw: HUG CERTIFICATE

----- Original Message -----
From: Jeannine Dixon <mailto:jdixon@telapex.com>
To: Undisclosed-Recipient:; <mailto:Undisclosed-Recipient:;>
Sent: Sunday, October 14, 2001 9:12 PM
Subject: Fw: HUG CERTIFICATE

Subject: Fw: HUG CERTIFICATE

Please Send  Back

If I could catch a rainbow

I would do it Just for you

And  share with you Its beauty

On the days You're feeling blue

If I could  build a mountain

You could call Your very own

A place to find  serenity

A place to be alone

If I could Take your troubles

I  would toss them In the sea

But all these things I'm finding

Are  impossible for me

I cannot build a mountain

Or catch a rainbow  fair

But let me be What I know best

A friend That's always  there

This is a Hug Certificate!!

Send One to All of Your Friends  You Think Deserve A Hug.
Send This to Your Friends Including The
Person  Who Sent It To You!
If you receive this back 1 Time - Open Up!
Find  More Friends
If you receive this back 2 Times - You Are Off to a  good start.
If you receive this  back 3 Times - You Are a Good Friend
If you receive this  back 4 Times - You Are Popular
If you receive this back 5 Times or More  - - - -
There are Angels Watching Over You


check it out.  see george w. and al rap.  very funny, indeed.
----- Forwarded by Jeff Dasovich/NA/Enron on 02/07/2001 07:03 PM -----

	Ryan Deane@ECT
	02/07/2001 07:01 PM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Website

www.jibjab.com

Go to the 'archives'...


i doubt that.  give me a call later.


we are going to meet some sluts


We have a new Cove Point Storage deal, here are the details;
Term: 4/15/2000 - 3/31/2000
MSQ 360,000
MDWQ 36,000
Demand $.65
Demand Charge for April  $117,000.00
Demand Charge for May - March    $234,000.00/month
Contract  FPS1024

The CPR storage injection deal is 246517, the withdrawal ticket is 249409.  I
entered all the withdrawal volumes to come out of storage the last 10 days of
March,.


Thanks Glen!

 -----Original Message-----
From: 	Hass, Glen
Sent:	Thursday, December 13, 2001 8:58 AM
To:	Donoho, Lindy; Darveaux, Mary; Blair, Lynn; Hanagriff, Richard; Betancourt, Ramona ; Lokey, Teb; Lichtenwalter, Blair; Buchanan, John; Kowalke, Terry
Cc:	Harris, Steven; Watson, Kimberly; Corman, Shelley; Kilmer III, Robert; Robertson, Audrey
Subject:	RE: OBA & Scheduling Alt FT by Price Tariff Filings

I've scheduled the OBA meeting for Tuesday, Dec. 18th at 1:30 PM in conference room 1336 in Houston and conf. room 724 in Omaha.

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Thursday, December 13, 2001 8:24 AM
To:	Hass, Glen; Darveaux, Mary; Blair, Lynn; Hanagriff, Richard; Betancourt, Ramona ; Lokey, Teb; Lichtenwalter, Blair; Buchanan, John
Cc:	Harris, Steven; Watson, Kimberly; Corman, Shelley; Kilmer III, Robert
Subject:	OBA & Scheduling Alt FT by Price Tariff Filings

In an effort to get cash in the door for TW and to maximize revenue opportunity for TW in the coming year, I think we should look at getting two proposals on file with the FERC as soon as possible.

One would be the OBA filing we have been discussing (and trying to support with historical data) to get automatic cash-out on OBA's in "constrained" areas on TW.

Second would be to look at filing for scheduling by price at alternate FT points.  This may be the time (the market to California is not so hot) to try to implement this.  I know we will have to look hard at the cost of the system modifications required and whether we can justify them.

Glen is already scheduling a meeting next week for further discussion of the OBA tariff filing.  Could we discuss scheduling alternate FT by price at the same meeting?


Hi Ben,

I've started a draft of the ESA document, and I wanted to get your comments
before I go much further.  Basically, I want to make sure  I'm on the right
track.

I'll make it look pretty as we go along.  Getting the deal points are most
important at this point.

Thanks,

Kay


He just left.

He's staying at the Regal Biltmore.  The fax # there is:  213-612-1628

Phone #:  213-624-1011 (in case you need to call him).

He lands tonight LAX at 5:31 p.m. on Continental # 1948.

Let me know if you need anything else.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/20/2001 12:44 PM

		 To: Linda Robertson/NA/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard Shapiro/NA/Enron@Enron,
James D Steffes/NA/Enron@Enron, Maureen McVicker/NA/Enron@Enron
		 cc:
		 Subject: CA Update for Steve for Tomorrow's Meeting in Pasadena

Linda:
I will have the California update done for Steve today.  Maureen, could I
possibly get the fax # where Steve will be staying this evening in the event
that I need to fax it to him directly?  What time will he be leaving for LA?
Thanks.

Best,
Jeff


Send me a new download, I want to see if the changes worked.

Thanks

Darla Saucier@ENRON
05/09/2001 11:14 AM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Oglethorpe invoice for April

Any updates???

	Enron North America Corp.  From:  Chris Germany @ ECT                           05/08/2001 04:09 PM

To:	Darla Saucier/NA/Enron@ENRON
cc:	Jim Homco/HOU/ECT@ECT

Subject:	Re: Oglethorpe invoice for April

I added the demand charges but I still need one of my Transco schedulers to remove the volumes "actualized" on the 9th.

Darla Saucier@ENRON
05/08/2001 09:12 AM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Re: Oglethorpe invoice for April

Please let me know when you are finished with this.

Thanks!
---------------------- Forwarded by Darla Saucier/NA/Enron on 05/08/2001 09:11 AM ---------------------------

Jim Homco@ECT
05/04/2001 11:24 AM
To:	Chris Germany/HOU/ECT@ECT
cc:	Darla Saucier/NA/Enron@Enron

Subject:	Re: Oglethorpe invoice for April

Mr. Germany - following are my notes per info Darla sent me:
Invoice corrections:
	Purchases on 4/9 should be zero.
	Transport charge is OK =  $11,274.31
	I do not see the demand charge in the invoice...
	Also need to add a credit cashout for 12dt's at cashout price.
I will be back in on Wednesday.

Thanks Darla for sending this - don't let Mr Germany - slack off next week.

Darla Saucier@ENRON
05/04/2001 10:16 AM
To:	Jim Homco/HOU/ECT@ECT
cc:
Subject:	Re: Oglethorpe invoice for April

sorry!

I think I referred someone to you that called me about Ormet.  Sorry!  I got confused about ormet/oglethorpe.  Bad Morning!

Thanks
Darla

<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>
<Embedded StdOleLink>


The following expense report is ready for approval:

Employee Name: Anne C. Koehler
Status last changed by:  Automated Administrator
Expense Report Name: Anne Koehler
Report Total: $3,527.39
Amount Due Employee: $3,527.39

To approve this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Sorry for the delay!

Shona


---------------------- Forwarded by Scott Neal/HOU/ECT on 10/17/2000 12:11 PM
---------------------------

Margaret Carson@ENRON
10/13/2000 01:43 PM
To: Julie A Gomez/HOU/ECT@ECT, Stephanie Miller/Corp/Enron@ENRON, Vince J
Kaminski/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Jeff Dasovich/NA/Enron@Enron,
Daniel Allegretti/HOU/EES@EES, Mike McGowan/ET&S/Enron@ENRON, Lorna
Brennan/ET&S/Enron@ENRON, Bill Cordes/ET&S/Enron@ENRON, Mark
Schroeder/LON/ECT@ECT, Mark Koenig/Corp/Enron@ENRON, Kathryn
Corbally/Corp/Enron@ENRON, James D Steffes/NA/Enron@Enron
cc:
Subject: CAMBRIDGE ENERGY UPDATES ON GAS AND POWER

The  CERA  executive roundtable meeting  summary  results are as  follows:
If you are interested  in  a complete  set  of  the graphs from the
presentations  please  let me know.

ELECTRIC POWER  PART  ONE
PEAK  TRENDS
It is  noteworthy how  rapidly volatility can change geographically in the
electric  markets.  Last  year  the U.S. Midwest/South areas   were  the
peakiest,  but   it reversed  this year  with  the  West  being highest  at
the peaks  and in New England --  but only   in early May 2000 were  hgih
peaks  apparent  there.

Demand  can vary from half the peak max  to the max.  Peakers  can be on the
margin on the upper half of the supply mix in many markets.  We need to
watch  gas prices  this  winter  as they can effect  winter peak power
prices--not  just a  summer phenomenon.

Where  are  the most gas plants  now on the margin?  Ercot, FRCC, Neepool,
NYPP, SERC, WSCC

A  DISCONNECT
There  is  a disconnect  in the on-peak forward market price for power in
Texas now; with the  added  5 GW  Texas forward markets  do not seem to
take this  into account yet.  (Note:  Vince Kaminski) The  Texas forward
market  should be  very soft  next summer  unless  we return to  105 degree
F  temperatures.    New England  is  just one year behind  Texas  in its
overbuild.

One main  reason for the  spikes  in Calif  is   power plants  did not  get
built in Calif   due  to  a lack of  a capacity  charge ..and  this is not a
panacea...as Calif also  has  many  enviro/siting  hurdles  that challenge
developers  who want to site as well.

  .

TSUNAMI OF  MERCHANT  CAPACITY PLANNED?
CERA   sees  over  240,000  MW  of planned  capacity over  the  2000-2005
period;  with   25,000 MW  being  completed  in  2000;  35 MW under
construction  for   2001 and 15 000 MW under  construction for   2002--  but
the market  only needing   13 000  to  15 000 MW  a year.   This   shall
lead  to  many  and large deferrals and  delays, especially in  2001  and
2002.  What  has  been the recent  history?   US  wide  over the
past  3 years  just  11 percent of the planned  capacity  was  actually
finished  and   18 percent  of that planned  was  actually  under
construction.  They  assume  a  24 month  construction completion  time.

FOR PROFIT  TRANSMISSION
Cera   sees  Allegheny Energy  in PJM West;  Entergy in SPP;  Southern  in
SERC  and Alliant  in MAPP  as all for profit transcos.
TYPICAL   O&M COSTS  IN U.S.  TRANSCOS
 Why  do  O&M  costs   differ  widely  among  transcos?  Some  costs  are  3
to 8 times higher  than the norm  at
$5000 in O&M expense  per 5000  system  miles  in size.  Regulatory
overhang  allows  this...this is  weather  adjusted  to remove  high  costs
from  big  freezes  etc.

USING REAL OPTION MODEL  VS  POWER PLANT  NPV
You  want to  try to have  the base value of  an asset  going  forward  when
you expect volatility  and include  historical  spreads  and  fuel/power
price  swing  assumptions.

CALIFORNIA  MARKET IS BROKEN
This market  starts  to  work  only after it   gets into  a reliability
crisis.  No incentives  to add power  plant  capacity  and
huge hurdles   against  siting   even when the market  signals the  need is
there.  Will the  regulator's post 2000  fix  make it  worse?

PEAK POWER  DEMAND  FORECAST
As  percent  per year  change  vs   2000  Cera  sees   2001  as follows:
New Eng  / New York 6.3 /  6.2  percent
PJM / ECAR   7.7 / 4.4 percent
MAIN /  MAPP    3.0 /   -0.1
SERC /  FRCC   1.3 /  2.3  percent
SPP /  ERCOT    4.0  /  2.3
NWPP /  Rockies     -6.8  /  -0.6
AZNM /  Calif-SoNV   -0.9   /   4.0
USA  avg    up  2.6  percent   It  looks  like Calif. in in for a   touch
summer  in 2001  as well.

NATURAL  GAS  PART   TWO
SUPPLY  SHORT
Year   2001  supply  rebound could  be  800mmcfd   to 1.0  bcfd;  Canada   in
2001  up only  400  a  day; in the US  we  need   2  bcfd  more supply  for
2001  demand.  alone  let alone  storage   refill.... yet  a
cold winter  now  could   add   3  to 4  bcfd  to demand  and slash
storages.  The  fall in drilling  in 1999  and early  2000  took   3.5  bcfd
productive  capacity out of the  supply pool.  It  will  take  till  2005
for US production to  reach a 4.1 bcfd  gain versus  today's production.

ADDED  GAS  FOR POWER PLANTS
Right now  Cera  expects  an incremental  need for   1  bcfd  next year for
these plants..this will  keep prices  high

MUCH MORE POWER SWING
1990 to 1992  we needed   5  bcfd  for power plant  swings;   now  we need
10  bcfd;  offpeak use is  even up  5  bcfd vs  10 years  ago.

RESI  USE  IS UP
The  AGA  disco members   adds   750 000 new gas   homes  each year  and
this  builds  demand  year   round.

INDUSTRIAL   NUG  DEMAND
Of  the   24  bcfd ( 8.77 Tcf) industrials  gas use  in the US;     8.6
bcfd   (  3.1  Tcf) of this  is for  power plant  and non-mfg  use.

HOW  FAST  CAN CANADA  ADD?
Canada  can add   3.6  bcfd   by  2005   versus  now;   adding  each year
from  2001 to 2005 as follows:  500/800/900/700/700  mcfd annually.

IS  ARCTIC  GAS  ON THE HORIZON?
Its  is  far away;   maybe   4  or  5  bcfd  by  2015..  This  means  up  to
2.7  bcfd  to  flow  to Midwest  by 2015  and up  to  2.4  bcfd  to
Calif./PNW   on expansions  by  2015.


Two answers:1) I don't think you need one--you can file anywhere in the Southern District, 2) a desire to get crazy judge, like Sam Kent.

 -----Original Message-----
From: 	Brownfeld, Gail
Sent:	Monday, September 10, 2001 12:15 PM
To:	Sanders, Richard B.
Subject:	RE: York Paper

	Apparently, he is going to do a broad search and has asked VE's expert searcher to get involved as well.  What would be the basis for a filing in Galveston?

 -----Original Message-----
From: 	Sanders, Richard B.
Sent:	Monday, September 10, 2001 12:12 PM
To:	Brownfeld, Gail
Subject:	RE: York Paper

What about Midland or (worse) Galveston ?

 -----Original Message-----
From: 	Brownfeld, Gail
Sent:	Monday, September 10, 2001 12:06 PM
To:	Sanders, Richard B.
Subject:	RE: York Paper

	Thanks.
	On an unrelated note, I have Dan Shilliday checking and re-checking to see if there is a Costilla lawsuit anywhere to be found.  I'll keep you posted.  Jeff needed to reschedule our meeting till tomorrow so there is no new news on that front either.

 -----Original Message-----
From: 	Sanders, Richard B.
Sent:	Monday, September 10, 2001 12:04 PM
To:	Brownfeld, Gail
Subject:	FW: York Paper

 -----Original Message-----
From: 	"Carpanese, Roselyn" <RCarpanese@GSPCorp.com>@ENRON [mailto:IMCEANOTES-+22Carpanese+2C+20Roselyn+22+20+3CRCarpanese+40GSPCorp+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Friday, September 07, 2001 11:35 AM
To:	Sanders, Richard B.
Cc:	Ovanessian, John; Holzer, Eric; Comeaux, Clinton
Subject:	York Paper

Our accounts receivable statement shows York Paper's outstanding balance to
be $424,601.24 with invoices dating back to May 9, 2001.  The breakdown of
the total amount due is as follows:

			61-90 days	$227,417.92
			90+ days	$197,183.51

Eileen is the contact person in accounts payable at York Paper
(610-940-1080).

If you need a copy of the aged trial balance report, invoices, or any other
info,  please give me a call at 973-772-8700 ext. 652.
(e-mail: rcarpanese@gspcorp.com)

Roz Carpanese


-----Original Message-----
From: 	Hemstock, Robert
Sent:	Monday, June 25, 2001 8:34 AM
To:	Zufferli, John; Davies, Derek
Subject:	FW: ESBI Alberta Ltd. - Stakeholder Development of EAL Tariff 2002 an	d 2003 -200X Meeting

ESBI is holding an open forum on the development of its 2002 and 2003 - 200x tariffs on Wed from 1:00pm - 4:00 pm.  Included on the agenda is a discussion of the proposed project plan for the development and implementation of a congestion management mechanism.

I will be attending.  You are welcome to send any of your guys also.

On a related note, I went through my comments with Bob Fagan on Friday and he expects to turn around a revised version of his paper by Tuesday that we will be able to send to Engage, TAU, and Encore.

Regards,

Rob

 -----Original Message-----
From: 	"Nering, Debbie" <debbie.nering@eal.ab.ca>@ENRON [mailto:IMCEANOTES-+22Nering+2C+20Debbie+22+20+3Cdebbie+2Enering+40eal+2Eab+2Eca+3E+40ENRON@ENRON.com]
Sent:	Wednesday, June 20, 2001 5:04 PM
To:	A. A. da Silva (E-mail); A. L. McLarty (E-mail); Al Rosenberg (E-mail); Al Roth (E-mail); Alan Deazeley; Alan Moon (E-mail); Alexander Hyndman (E-mail); Alice Ferreira (E-mail); Allan Domes; Allan Kettles; Allen Crowley (E-mail); Anthony E. Reinsch (E-mail); Arnie Reimer (E-mail); Asish DeSarkar (E-mail); Azad Merani (E-mail); Barrie Michael (E-mail); Ben Boettcher (E-mail); Bevan Laing (E-mail); Blaine Mersereau; Bob Baer (E-mail); Bob Drever (E-mail); Bob Low (E-mail); Brad Swidzinski (E-mail); Brian Bale (E-mail); Brian Woods (E-mail); Bruce Brander (E-mail); Bryan Curtis; Bryan DeNeve (E-mail); C. Randall McCreary (E-mail); Carl Fuchshuber (E-mail); Carolann Koroniwskyj (E-mail); Carolyn Farnish; Catherine M. Wall (E-mail); Cecilia A. Low (E-mail); Cheryl Worthy (E-mail); Chris Heffring (E-mail); Chris Langton; Chris Sanderson (E-mail); Chris Turner; Chris Vilcsak (E-mail); Christopher Holly (E-mail); Claude Benoit (E-mail); Clyde Pawluk (E-mail); Courtney Hamm (E-mail); Craig Martin (E-mail); Dale Hildebrand (E-mail); Dale McMaster (E-mail); Dale Mitchell (E-mail); Dallas Zimmer (E-mail); Dalton Stafford (E-mail); Dan B. Macnamara (E-mail); Dan Sutherland (E-mail); Daniel Allard (E-mail); Darin Lowther (E-mail); David A. Holgate (E-mail); David Cotcher (E-mail); David Eeles; David Newlands (E-mail); David R. Morrow (E-mail); David R. Wright (E-mail); David Wood (E-mail); Dean Jones (E-mail); Dean Krauss; Denise Christensen (E-mail); Dennis Eshpeter (E-mail); Denver Christenson (E-mail); Derek Denniston (E-mail); Diane Cameron; Dick Way (E-mail); Don Gerke (E-mail); Doug Heath (E-mail); Doug Hudson (E-mail); Doug Lautermilch; Doug St. Pierre (E-mail); Douglas Andrews (E-mail); Douglas E. Crowther (E-mail); Ed Antoniuk; Ed Overcast; Eric R. Thompson (E-mail); EUB General; Fred Kardel (E-mail); Fred Shafai (E-mail); Gary Pool (E-mail); Gerry Deyell (E-mail); Glen Sutton (E-mail); Glenn K. MacIntyre (E-mail); Gord Ayers; Greg Baden (E-mail); Greg Matwichuk (E-mail); Greg Molaro; Guido Bachmann (E-mail); Guy A. Bridgeman (E-mail); H.F. Smith; Harvey Kerslake (E-mail); Henry Unryn (E-mail); J. Alan Bryan (E-mail); J. R. Giroux (E-mail); Jack Hayden (E-mail); Jacob Pous (E-mail); James P. Avery (E-mail); James Wachowich (E-mail); Jamie Cameron (E-mail); Janet Sailer (E-mail); Janice Eby; Jay Halls (E-mail); Jeff Jodoin (E-mail); Jeff Nish (E-mail); Jim Graves (E-mail); Jim Pollock (E-mail); John Briegel; John Keating (E-mail); John Lowe; John Maher (E-mail); John Voss (E-mail); John Walker (E-mail); Jon Wilman (E-mail); Kaare Svidal (E-mail); Karl Johannson (E-mail); Kate Graeme; Keith Dannacker (E-mail); Keith Miller (E-mail); Kevin J. Phillips (E-mail); Kim Logan (E-mail); Kirk Poteet (E-mail); Kirk Sisson (E-mail); Kris Olsen; Larry Anderson (E-mail); Larry Charach (E-mail); Larry Goodhope (E-mail); Larry Kennedy (E-mail); Larry Kitchen (E-mail); Larry Sibbald; Larry Sibbald (E-mail); Laurie J. Bayda (E-mail); Laurie Matzner (E-mail); Leo J. Burgess (E-mail); Les Pomedli (E-mail); Lewis Manning (E-mail); Lori Wist (E-mail); Lorry Wilson (E-mail); Lou Cusano (E-mail); Loyola Keough (E-mail); Lyla Reid (E-mail); M. G. (Mick) Davies (E-mail); Mark Drazen (E-mail); Martin Merritt; Maura Binley (E-mail); Maury Parsons (E-mail); Michael Turner (E-mail); Mike Bourns (E-mail); Mike MacDougall (E-mail); Monte Forster; Murray A. Skinner (E-mail); Murray K. Smith (E-mail); Nancy J. McKenzie (E-mail); Neil MacDonald (E-mail); Nigel Chymko (E-mail); Norman Mills (E-mail); Patricia Quinton-Campbell (E-mail); Paul G. Bourdon (E-mail); Paul Kahler (E-mail); Peter Bartsch (E-mail); Peter Burger (E-mail); Peter Karl; Peter Schubert (E-mail); Peter Wong; Phyllis A. Smith (E-mail); R. Brian Wallace (E-mail); Raj Retnanandan MSc., CPA (E-mail); Randy Duncan (E-mail); Ray Aldeguer (E-mail); Renata Kurschner (E-mail); Rene Usselman (E-mail); Richard Adamson (E-mail); Richard Secord (E-mail); Rick Barteluk (E-mail); Rick Cowburn (E-mail); Robert D. (Bob) Heggie (E-mail); Robert H. Hobbs (E-mail); Robert Knecht (E-mail); Robert L. Bruggeman (E-mail); Robert Litzenberger (E-mail); Hemstock, Robert; Rocky Busca; Roger Argenal; Roger G. Belland (E-mail); Roger K. M. Bellows (E-mail); Roger Thomey (E-mail); Ron Mikkelsen (E-mail); Ron Steffan P. Eng. (E-mail); Ronald Kruhlak (E-mail); Ross Keating (E-mail); Sandy O'Connor (E-mail); Scott Gardner (E-mail); Scott Marsh (E-mail); Seumas Lobban; Shelley Travis; Stan Klassen (E-mail); Stan Wong (E-mail); Stephen Tran; Steve Konopelky; Steve Lee (E-mail); Tanya Lamb; Ted Vanderveen (E-mail); Terry Bachynski; Terry Bachynski; Terry Becker (E-mail); Terry Dalgleish (E-mail); Thomas Houle (E-mail); Tony Rabago (E-mail); Tony Zaremba (E-mail); Vince Kostesky (E-mail); Wayne Poole (E-mail); Wayne Taylor; William L. Fraser (E-mail); William Marcus (E-mail); Yakout Mansour (E-mail); Yen Jonge
Cc:	Johnson, Katie; Stubbings, Randy; Ryan, Stephanie
Subject:	ESBI Alberta Ltd. - Stakeholder Development of EAL Tariff 2002 an	d 2003 -200X Meeting

 <<invitataionstakeholdersJune27.doc>>  <<Agenda.June20.doc>>
<<planphase1June20.doc>>  <<planprioritiesJune20.doc>>
<<prioritiesJune20.doc>>

 - invitataionstakeholdersJune27.doc
 - Agenda.June20.doc
 - planphase1June20.doc
 - planprioritiesJune20.doc
 - prioritiesJune20.doc


Do I need to delete items out of "Sent", Discussion Threads"  as well as
"Trash" and "New Mail" ??????????????

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


---------------------- Forwarded by Tom Acton/Corp/Enron on 04/24/2000 12:41
PM ---------------------------

Vance L Taylor@ECT
04/20/2000 03:34 PM
To: Tom Acton/Corp/Enron@ENRON
cc: Susan Smith/HOU/ECT@ECT, Donald P Reinhardt/HOU/ECT@ECT, Melissa
Graves/HOU/ECT@ECT

Subject:

Tom,

Please see the attached file estimating wellhead production for the month of
May.  Please be advised that this is a preliminary estimate as to this date
we have only received a few paper noms for May.  I will update you with any
revisions as they occur.

Thanks,

vlt
x3-6353


I have no comments on the two letters.


Herd cats.  That's what we do.

I've just tightened up FM a little.  I'm trying to make it easy to
understand. By the way, we don't suspend O & M, so I guess they still have to
pay it.

10.1 Force Majeure.  If either Party is rendered unable by Force Majeure to
carry out, in whole or part, its obligations under this Agreement and such
Party gives notice and full details of the event to the other Party as soon
as practicable after the occurrence of the event, then during the period of
such Force Majeure but for no longer period, the obligations of the Party
affected by the event (other than the obligation to make payments, other than
the Demand Charges under the circumstances described in Section 10.2) shall
be suspended to the extent required.  Without limiting the foregoing, any
hours during which Seller is unable to deliver the Scheduled Energy by Buyer
due to an event of Force Majeure shall not be included as hours during which
Seller has failed to deliver Energy for the purpose of determining the Forced
Outage Rate under Section 4.6. The Party affected by the Force Majeure shall
remedy the Force Majeure with all reasonable dispatch; provided, however,
that this provision shall not require Seller or Buyer to (i) settle any
strikes or other labor disputes or (ii) deliver or receive Energy at points
other than the Delivery Points.
10.2 Effect of Force Majeure.  In the event of a Force Majeure event
affecting Seller,s ability to Deliver Scheduled Energy from the Facility, the
following shall occur:
(a) Seller shall as soon as reasonably practicable use commercially
reasonable efforts to fulfill its obligations to deliver Scheduled Energy
from Market Sources until notice is provided pursuant to Section 10.2(b)
below.
(b) Not later than ten (10) Days following the onset of the Force Majeure
event, Seller shall issue a notice to Buyer (i) stating that Seller will
continue to fulfill its obligations to Buyer hereunder from Market Sources
until the Force Majeure event is terminated or overcome, or (ii) declaring
Force Majeure, and stating its intention to not serve from Market Sources.
(c) If the Seller declares Force Majeure under Section 10.2 (b) (ii), Buyer,s
responsibility for paying the Demand Charge shall be suspended until Seller
has notified Buyer that Seller is ready to resume the delivery of Energy, at
which time Buyer shall incur liablility for Demand Charges from that date
forward.  The date that Buyer,s obligation to pay Demand Charges will be
suspended shall be determined in accordance with Section 10.2. (d).  The
Demand Charge will be prorated on a daily basis during the period that Buyer,
s obligation is suspended in accordance with this Article.
(d) If Buyer does not Schedule Energy during the ten (10) day evaluation
period and Seller declares Force Majuere under Section 10.2 (b) (ii), then
Buyer,s relief of the obligation to pay the Demand Charge shall commence as
of the date of the Force Majeure event. If, during the ten (10) day
evaluation period referenced above, Buyer Schedules Energy and Seller
continues to Deliver Energy, but then declares Force Majeure, Buyer,s relief
from the obligation to pay the Demand Charge shall commence on the date of
the declaration of Force Majeure and not on the date of onset of the Force
Majeure event.  If, during the ten (10) day evaluation period Buyer Schedules
Energy and Seller initially Delivers Energy but subsequently fails to
Deliver, Buyer shall be relieved of the obligation to pay the Demand Charge
from the date Seller fails to Deliver Energy, and not on the date of onset of
the Force Majeure event.  Such relief from the Demand Charge shall be
computed on a daily basis.
In the event of a Force Majeure affecting Buyer,s ability to receive Energy
from Seller, payment of the Demand Charge shall continue.

Heather Kroll@ECT
09/20/2000 02:01 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: PPA

Sorry.  Don't mean to put pressure on you.  Just trying to manage Dutch and
Co.

	From:  Kay Mann @ ENRON                           09/20/2000 01:46 PM

To: Heather Kroll/HOU/ECT@ECT
cc:
Subject: Re: PPA

I'm working as fast as I can.  Things connect together, so it takes a little
while.  I think I'm about done with the hard stuff.

Heather Kroll@ECT
09/20/2000 01:20 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: PPA

Kay,

What's the skinny with the doc?  The natives are getting restless.

Heather
---------------------- Forwarded by Heather Kroll/HOU/ECT on 09/20/2000 01:19
PM ---------------------------

Gary_Edwards@dom.com on 09/20/2000 12:10:51 PM
To: Heather.Kroll@enron.com
cc:
Subject: Re: PPA

Came by my office on the way to another meeting. Still no document.


Yahoo! News	Edit Breaking News Alerts - Yahoo!

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WASHINGTON _ Wholesale prices rise 0.3 percent in April.

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Gerald, pls review economics sheet. Pls advise if any changes. NOTE: Make sure you are ok with the disclaimer language.

PLS review ASAP as I need to send out now.

BT


i have a pcmcia card and the password is jessi

 -----Original Message-----
From: 	Livia_Zufferli@Monitor.com@ENRON
Sent:	Monday, February 04, 2002 11:07 AM
To:	Zufferli, John
Subject:	does your computer

have an ethernet card?
also -- what was the password again?


Dear Dr. Kaminsky:

I want to thank you for interviewing me last Friday and inviting me back for
a follow-up interview. It was a pleasure to meet you and other members of
your staff.

My interest in working for Enron Research was strengthened as a result of the
interview. I was most impressed by the quality and diversity of talents
within your group. My proficiency in probabilistic analysis and experience in
engineering and financial risk management fit nicely with the activities of
your group. I have a demonstrated ability to adapt my skills with changing
business needs. As a member of Shell Research, I supported internal clients
from different business units. I am confident that I could make a significant
contribution to your organization over time.

I want to reiterate my strong interest in working with you and your staff.
You provide the kind of opportunity I seek. I look forward to seeing you
again on my follow-up interview next week. Again, thank you for the interview
and your consideration.

Sincerely,

Rabi S. De

?

Do You Yahoo!?
Yahoo! Mail - Free email you can access from anywhere!


Lloyd is a good guy.  He is head of the Services Group.  He probably does
other things as well, but that's how I know him.  I can send it to Lloyd if
you want.

Kay

From: Greg Krause/ENRON@enronXgate on 06/06/2001 12:07 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Midway Interconnect Agreement

Kay,

A&K did the title committment work and is now working on the Property
Association Documents (as is Greenberg Traurig in West Palm Beach).  Ann
Elizabeth's
last email message to me before she went on vacation was that A&K was the
designated hitter for the Midway Project.    You have been copied on those
docs which we desparately need to get to Cooney Midway Groves, the property
owner.  As far as I know, they have not been involved in anything else
related to Midway this year.

Christi left me a message saying that Lloyd Will or one of his guys needs to
review the Interconnction Agreement. I do not know Lloyd.

Greg

PS we had a good meeting with DERM on the landfill closure issues in the
Certosa Holdings deal.   I'll try to reach you this afternoon to discuss.

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, June 06, 2001 7:45 AM
To: Krause, Greg
Subject: RE: Midway Interconnect Agreement

How much involvement has A & K had on Midway?  I have other counsel engaged
for the sale, but this falls into a different category.

Kay

From: Greg Krause/ENRON@enronXgate on 06/05/2001 11:35 PM
To: Ben Jacoby/ENRON@enronXgate, Kay Mann/Corp/Enron@Enron
cc: Christi L Nicolay/HOU/ECT@ECT

Subject: RE: Midway Interconnect Agreement

Please see attachment below with Christi's comments.

-----Original Message-----
From: Jacoby, Ben
Sent: Tuesday, June 05, 2001 12:22 PM
To: Mann, Kay
Cc: Krause, Greg; Nicolay, Christi
Subject: Midway Interconnect Agreement

Kay:

Greg has Christi's comments on the FPL Construction & Connection Agreement,
and he will be sending us those comments today in a marked document. Have we
engaged outside counsel to review this agreement? I'd like to have a
commercial / legal review fully completed, and then get accounting / finance
to comment. I this something you were planning to have Carlos to work on
given his recent work on ComEd and Ameren?

Please let me know. Thanks.

Attached is the original generic form of FPL Connection and Construction
Agreement for your reference.

Ben

 << File: FPL Construction  Connection Agreement Generic.doc >>


here is my address for you to send the prize money for top score of last week

14002 kimberley ln
Houston, TX 77079

thanks,
Ramiro


Here is the memo from Brazos' counsel.

----- Original Message -----
From: <JKeefe@PattonBoggs.com>
To: <sdtick@msn.com>
Sent: Monday, November 06, 2000 10:16 AM
Subject: Final Memorandum Responding to Tenaska Issues

>
>
> (MEMO/STEVE TICK) (See attached file: 2t@j04!.DOC)
>
> This e-mail message contains confidential, privileged information intended
> solely for the addressee. Please do not read, copy, or disseminate it
unless you
> are  the  addressee.  If  you have received it in error, please call us
> (collect) at  (202) 457-6000 and ask to speak with the message sender.
Also,
> we  would appreciate your forwarding the message back to us and deleting
it from
> your system. Thank you.
>
> To learn more about our firm, please visit our website at
> http://www.pattonboggs.com.
>

 - 2t@j04!.DOC


Enron Gets Electricity Contract
The Wall Street Journal, 04/04/01

Energy Companies Use Sports to Win Market Share
PR Newswire, 04/04/01

ITALY: ANALYSIS-Power competition makes little headway in Spain.
Reuters English News Service, 04/04/01

V-SPAN Acquires Peer Digital to Form Largest Independent Video Collaboration
and Broadband Conferencing Service Provider
Business Wire, 04/04/01

UK: BP,Exxon,Shell may pip Total in Saudi deals-industry.
Reuters English News Service, 04/04/01

Sierra Pacific's cold feet may ruin PGE's consolidation chances
Associated Press Newswires, 04/04/01

World's Largest Energy Companies Attend TIBCO Software's Energy Technology
And Trading Conference
PR Newswire, 04/04/01

India: Food court at Tidel Park
Business Line (The Hindu), 04/04/01

India: 'Dabhol bill can be adjusted against MSEB rebate'
Business Line (The Hindu), 04/04/01

Dec guarantee not to be honoured
Business Standard, 04/04/01

Enron Gets Electricity Contract

04/04/2001
The Wall Street Journal
(Copyright (c) 2001, Dow Jones & Company, Inc.)

HOUSTON -- Enron Corp. said it signed an agreement to provide more than $600
million of electricity to J.C. Penney Co.
The energy concern said it will provide electricity to 1,250 J.C. Penney
retail locations in 50 states. The Dallas retailer said the move will protect
it from volatile energy prices. The companies declined to comment on the
length of the contract.
In 4 p.m. New York Stock Exchange composite trading, Enron fell $2.51 to
$54.07 and J.C Penney fell four cents to $15.55.

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

Energy Companies Use Sports to Win Market Share

04/04/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

BOULDER, Colo., April 4 /PRNewswire/ -- As umpires shout "Play Ball!" and the
first pitch is thrown at Enron Field, Cinergy Field, and Edison Field, the
biggest winners of the day may not be the teams on the field. No matter what
the final score is, the stadium sponsors will have won significant marketing
and branding advantages over their competitors. Or so goes the thinking in
the war rooms of an increasing number of utility companies.
Ballparks, racetracks, and even local playgrounds have become new arenas for
energy industry competition. As never before, energy companies are sponsoring
golf tournaments; major and minor league baseball, football, basketball, and
hockey teams; college sports; soccer matches; local events; horse racing, and
even the Olympics. The list is nearly as long as the Cinergy Indianapolis
marathon.
Sport marketing -- the corporate sponsorship of a sporting event or team for
the purpose of marketing a product or service -- is big business worldwide.
In 2000, U.S. corporations alone spent $5.92 billion on sport sponsorships,
up 16% from 1999.
"Energy companies represent one of the fastest-growing segments of the sport
sponsorship market," says Matthew Joyce, an energy industry analyst at E
Source and co-author of a new report on sport sponsorship. "Under pressure to
differentiate themselves in a changing energy marketplace, many utilities and
competitive energy service providers are turning to sport marketing to link
their products and services with popular sporting events and teams," adds
Joyce. These firms are sponsoring sports to increase name recognition,
improve sales, and demonstrate good corporate citizenship, as well as to
accomplish a host of other goals.
Sports hold a universal appeal -- the desire to play is inherently human. Few
other elements of society command the passion or participation engendered by
sports. "In one form or another, sports encompass nearly the entire
demographic spectrum. It taps into people's emotions, making it an especially
attractive marketing vehicle," adds the report's co-author, Melissa Tuck,
also of E Source.
Though multi-million-dollar stadium naming agreements grab headlines, many
firms are achieving their marketing objectives through less expensive,
lower-profile sponsorships such as donating land for local sports fields,
refurbishing parks, sponsoring youth sport clinics, and supporting charity
events. But at every level of competition, energy companies are striving to
create connections that will give rise to business relationships that fans
will love and their rivals will hate.
The just-published report from E Source, "Playing to Win: Sport Marking for
ESPs," examines sport marketing efforts across the energy industry -- from
major stadium and arena naming deals to corporate sponsorship of grassroots
sporting events. It pinpoints factors that determine whether energy service
providers should consider sport marketing as an integral part of their
strategic marketing plan and outlines criteria for determining whether a
given sponsorship is having the desired effect.
For more information on this and other E Source research contact Matthew
Joyce at 720-548-5676. Media contact: Jim Keener at 720-548-5624.
E Source, a trademark of FT Energy, Inc., is an energy information and
consulting service providing organizations with unbiased, independent
analysis of retail energy markets, services, and technologies. E Source
clients include more than 400 electric and gas utilities and other energy
service providers, large corporate and institutional energy users, government
agencies, energy service companies, manufacturers, consultants, research
institutions, and other organizations in more than three-dozen countries
worldwide.
To see the FT Energy press room, which includes information on how to receive
press releases and other information, please visit
http://www.ftenergy.com/press.asp.

/CONTACT: Jim Keener of FT Energy, Inc., 720-548-5624, jkeener@ftenergy.com,
for E Source/ 07:57 EDT

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

ITALY: ANALYSIS-Power competition makes little headway in Spain.
By Dominique Magada

04/04/2001
Reuters English News Service
(C) Reuters Limited 2001.

VENICE, Italy, April 4 (Reuters) - Spain has not yet introduced fair
competition in its power market which is still dominated by domestic
utilities, new entrants to the Spanish market said this week.
"The impact of the opening of the market to competition in Spain has been
close to nothing," Steven Taylor, origination manager at independent power
producer (IPP) Cinergy Global Power in Spain, told an energy conference.
"There are 20 new entrants in Spain and they haven't had much impact on
generation or supply."
Among new entrants other than his company, he mentioned U.S firms TXU Europe,
AES Corporation and Enron, German RWE, Electricidad de Portugal, Intergen and
Belgian Electrabel.
French utility Electricite de France, which is also keen to buy a stake in
the Spanish power sector, has been selling electricity to Spain since before
liberalisation.
Taylor said reasons for the lack of competition in the Spanish market include
the lengthy process for new plants' planning permission, difficulties in
securing gas supply contracts for new plants and the lack of regulatory
intervention in the market place.
"We need a regulator with more teeth to regulate the market," he said.
LACK OF GAS COMPETITION A BIG PROBLEM
He added that another issue is the lack of liquidity in the gas market and
the absence so far of gas-to-gas competition which makes it hard for new
entrants to secure supplies.
"A number of plants have received planning permission but are not secure
deals for the supply of gas to the plants," said Tony Taylor, Director of
fuel procurement at IPP Intergen, a Shell-Bechtel joint venture, also
involved in Spain.
Gas markets in Europe were liberalised last August when the EU Gas Directive
came into force.
The sector is gradually opening starting with large industrial consumers
representing about 30 percent of demand allowed to switch supplier.
But many market participants complain that the Spain's gas market is still
dominated by the country's largest gas company Gas Natural which has
long-term gas supply contracts with Algeria and other producers.
"Last June the government announced urgent measures to auction 25 percent of
the gas coming from Algeria. We are still waiting for the auction process to
be published," said Cinergy's Stephen Taylor.
MORE POWER STATIONS URGENTLY NEEDED
Market participants agree that the lack of gas competition will hinder the
development of new gas-fired plants, urgently needed to meet growing
electricity demand in Spain forecast to be around four percent per year.
"The opening of the gas market is essential. The system will need more
capacity in the next years and gas must be provided on competitive terms,"
said Antonio Canoyra, head of trading at power generator Union Fenosa.
An obstacle to building new power stations is the length of the planning
permission process, which can take up to three years and hinders development
of the IPP market in Spain.
"The demand is growing faster than new plants because of the long lead time,"
said Cinergy's Taylor.
However, Spain's regulator Alberto de Frutos, deputy director of regulator
National Energy Commission said that he "would be pleased to see the new IPPs
in the market in Spain".
But he reminded the audience that "three years ago when the market was
liberalised, there was a clear excess of capacity in the system and no room
for new projects."

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

V-SPAN Acquires Peer Digital to Form Largest Independent Video Collaboration
and Broadband Conferencing Service Provider

04/04/2001
Business Wire
(Copyright (c) 2001, Business Wire)

PHILADELPHIA & DENVER--(BUSINESS WIRE)--April 04, 2001--V-SPAN Inc., a
provider of virtual global conferencing solutions, today announced the
acquisition of Peer Digital (formerly 1 800 Video-On, Inc.), an international
telecommunications conferencing service provider.
The combination will form the largest independent video collaboration and
broadband conferencing service provider.
The company will retain the V-SPAN name and will be managed by a seasoned
team led by CEO and Founder of V-SPAN, J. Kenyon Hayward (42). Former
President and CEO of Peer Digital, John D. Field (51), will assume the duties
of Chief Operating Officer / President and V-SPAN's Richard B. Ruben (46)
will be Chief Strategy and Financial Officer.
Both firms are privately held and terms of the deal were not disclosed. Key
investors for V-SPAN include Comcast Interactive Capital, Goldman Sachs,
Enron, Motorola and Edison Ventures. Wind Point Partners of Chicago was the
majority investor of Peer Digital.
Experienced conferencing professionals founded both V-SPAN and Peer Digital
in 1995. "Each organization has a history of commitment to customers,
employees and shareholders," said Hayward. "The combination of our expertise,
breadth of services and understanding of customer requirements will continue
to position V-SPAN as the industry leader in traditional and next generation
conferencing," emphasized Hayward.
V-SPAN video, audio and data collaboration and streaming solutions are
available through Web self-enabled or fully operator-assisted scheduling of
conferences and facilities. Reservation-less video, audio and webconferencing
enable customers to meet with ease and convenience. Event management and
production services facilitate high impact meetings and conferences for
customers.
The V-SPAN customer base of more than 2,000 organizations is comprised of
Fortune 500 and Global 2000 multinationals, educational and medical
institutions, government agencies, international and U.S.-based carriers and
equipment manufacturers that demand rich media collaboration services.
There are several customer benefits that result from this combination
according to Field, "A major benefit is a powerful suite of back-office
applications that provide conferencing management, customized billing and
maintenance management. Our quality of service for IP-based conferencing
allows our carrier partners and customers the ability to experience superior
performance over next generation networks. The expanded network (ISDN & IP)
will provide a higher level of redundancy for customers. Additionally, the
opportunity to drive efficiencies for collaboration services based upon new
offerings and economies of scale is improved via this transaction."
"V-SPAN is a company totally focused on conferencing and collaboration," said
Ruben. "This focus puts customer service and innovation into prominence." As
for marketplace timing, "Conferencing and collaboration services are now in
higher demand than ever before, driven by organizational needs for increased
productivity, shortened cycle times in product development, marketing and
personnel recruiting, inconvenience of traveling and increased pressure on
companies to reduce travel costs. Our industry is in a state of consolidation
and V-SPAN intends to lead this movement," added Ruben.
The worldwide corporate headquarters are based in Philadelphia with network
operations and customer service centers additionally located in Denver,
Toronto, Glasgow and London. Sales offices are distributed globally.

About V-SPAN:

V-SPAN provides virtual global communications solutions over traditional and
next-generation networks to corporations, carriers, and ISPs. V-SPAN's suite
of applications and back office network connectivity services enable
on-demand multimedia conferencing and streaming for meetings, events and
training.
Through its premier customer service, V-SPAN empowers enterprises to extend
their communications reach, reduce business cycles, expand global presence
and maximize competitive advantages. More information is available at
www.vspan.com.

V-SPAN is a service mark of V-SPAN, Inc. All other trademarks and trade names
are the property of their respective companies.

CONTACT: V-SPAN, Philadelphia Mark Evans, 610/382-4086 mevans@vspan.com or
Peer Digital Phil Samuels, 303/448-7821 www.peerdigital.com
07:01 EDT APRIL 4, 2001

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

UK: BP,Exxon,Shell may pip Total in Saudi deals-industry.

04/04/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, April 4 (Reuters) - BP could soon be clinching a surprise deal to
become a consortium leader for a core venture in Saudi Arabia's multi-billion
dollar gas opening, industry sources said on Wednesday.
If the British-based major pulls it off it would edge out top contender
TotalFinaElf in the stampede to cash in on Saudi Arabia's biggest energy
opening since nationalisation in 1975, the sources said.
Last-minute brinkmanship has apparently delayed the signing of memoranda of
understanding (MOUs) with Saudi Arabia, the world's biggest holder of oil
reserves and fifth largest of gas reserves.
"Total does not seem to be in. The name has not come up lately. It looks like
BP," an industry source told Reuters.
ExxonMobil and Royal Dutch/Shell also appear to have secured deals with
Riyadh to become consortium leaders of two other gas ventures, the industry
sources said.
Top executives of the oil companies are expected to receive invitations to
sign the MOUs in about two weeks. That would mark the biggest step forward
since Saudi Arabia unveiled its energy sector investment opening to oil
majors two years ago.
Saudi officials declined to comment.
Signing a deal would be a major coup for BP because the company is seen as an
outsider in Saudi Arabia, unlike other Western firms with a long history
there.
BP, ExxonMobil, Royal Dutch/Shell, TotalFinaElf and Chevron are grouped for
core venture one, the South Ghawar field. TotalFinaElf had been seen as the
favourite to operate the venture worth an estimated $15 billion but now may
just get a non-operating stake.
ExxonMobil is poised to lead core venture two to develop the Red Sea area,
with TotalFinaElf, Royal Dutch/Shell and Marathon vying for non-operating
shares.
Royal Dutch/Shell is expected to clinch core venture three to develop gas at
Shaybah, with Conoco, ExxonMobil, TotalFinaElf, Phillips and Enron/Oxy
getting stakes.
The projects are to help develop existing gas reserves and invest in
downstream projects fed by gas supplies, such as power and desalination.
"Every company will get something," said an industry source.
Although Saudi Arabia has enticed the world's biggest energy firms by opening
up the upstream gas sector, investment in its prized oil sector remains off
limits.

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

Sierra Pacific's cold feet may ruin PGE's consolidation chances

04/04/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

PORTLAND, Ore. (AP) - A Nevada-based power company is having second thoughts
about a merger with Portland General Electric, an uncertainty that could ruin
PGE's consolidation chances with other companies.
"I don't see any eager buyers out there," said Justin McCann, a senior
analyst with Standard & Poor's. "Things are pretty rocky at the moment."
Analysts said Northwest Natural Gas in Portland, Puget Energy in Bellevue,
Wash., and IdaCorp in Boise could be interested in PGE if Sierra Pacific and
Enron Corp., PGE's parent company, part ways.
The Houston-based Enron and Sierra Pacific have until May 5 to close the
deal. After that, either company can walk away.
Officials from both companies have said changing regulatory and financial
conditions make closure unlikely. Houston-based Enron said it's prepared to
wait patiently for another offer.
Enron, an energy and trading company, bought PGE in 1997 so it could benefit
from markets with greater competition and less government regulation - but
quickly decided to sell the capital-intensive PGE.
In November 1999, Sierra Pacific Resources announced plans to buy PGE for
$3.1 billion in cash and assumed debt, an amount similar to what Enron paid
two years earlier.
Last summer, energy shortages and high wholesale electricity prices cut into
Sierra Pacific's finances. The company, which is owned by Nevada Power, hoped
to sell many of its generating facilities to secure financing for the PGE
purchase.
But the Nevada Legislature is about to ban the sale of generating plants
because lawmakers are worried those sales will narrow strained wholesale
power markets.
Sierra Pacific's weakened financial state means the federal Securities and
Exchange Commission likely won't approve the merger.
Talk about replacement bidders may be more speculation than fact.
"It's probably going to be somebody close by," said Doug May, a senior
portfolio manager with Wells Fargo Private Asset Management in Grand
Junction, Colo. "It's tough to come in from another part of the country."
Analysts haven't ruled out foreign companies, however. ScottishPower became
the first foreign company to buy a U.S. electric utility when it purchased
Portland-based PacifiCorp in December 1999.
"This whole California thing has made everyone very cautious," said McCann,
of Standard & Poor's. "People want to see the situation sort itself out."

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

World's Largest Energy Companies Attend TIBCO Software's Energy Technology
And Trading Conference

04/04/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

Enron, Dynegy, Texaco and Other TIBCO Customers That Depend on Real-Time
Trading and Systems Integration Meet In Texas
HOUSTON, April 4 /PRNewswire/ -- TIBCO Software Inc. (Nasdaq: TIBX) is
hosting more than 200 customers, partners and prospects at its annual Energy
Users Conference today through Thursday in Houston, Texas. Customer attendees
include Enron, Dynegy, Reliant Energy, El Paso Corporation, Altra Energy
Technologies, Coral Energy, Duke Energy, Mirant, Marathon, Texaco, TXU
Energy, Equiva, Williams and more. Systems Integrator participates include
Accenture, Luminant, Zetta Works, and Deloitte Consulting.
During the conference, TIBCO, a leading provider of real-time e-business
infrastructure software that powers real-time energy trading floors, will be
announcing several new customers, and a number of existing customers will be
demonstrating how they use TIBCO's energy business integration solution to
grow within any economic condition. Additionally, several of TIBCO's systems
integration partners will discuss how they depend upon TIBCO products to
create technology solutions specific to the energy industry.
"Companies that don't adopt technology solutions that enable real-time
Internet trading and systems integration, will not survive in the deregulated
energy market," said Vivek Ranadive, chairman and CEO, TIBCO Software.
"Real-time trading and systems integration is exactly what TIBCO's software
provides. That's why the world's leaders, and all of those looking to
catch-up, are attending this conference"
About TIBCO Software Inc.
TIBCO Software Inc. is a leading provider of real-time e-business
infrastructure software. TIBCO's four product lines -- TIBCO
ActiveEnterprise(TM), TIBCO ActiveExchange(TM), TIBCO ActivePortal(TM) and
TIBCO Extensibility(TM) -- enable businesses to integrate enterprise
applications, interact with other businesses in B2B commerce, and efficiently
deliver personalized information through enterprise portals. TIBCO's products
enable the real-time distribution of information through patented technology
called The Information Bus(TM), or TIB(R). TIB technology was first used to
digitize Wall Street and has since been adopted in diverse industries
including telecommunications, electronic commerce, manufacturing and energy.
TIBCO's global direct customer base includes more than 800 customers from
around the world such as Cisco Systems, Yahoo!, Ariba, NEC, Enron, Sun
Microsystems, GE Capital, Philips, AT&T, Pirelli and AOL/Netscape.
Headquartered in Palo Alto, California, TIBCO can be reached at 650-846-1000
or on the web at www.tibco.com.

/CONTACT: Joe Franscella, 650-846-5607, or mobile, 650-867-5038, or
joef@tibco.com, or Caroline Phillips, 650-846-5697, or mobile, 650-619-5109,
or caroline@tibco.com, both of TIBCO Software Inc./ 05:59 EDT

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

India: Food court at Tidel Park

04/04/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

CHENNAI, April 3. RADHAKRISHNA Hospitality Services Ltd (RKHS), a joint
venture between the Radhakrishna group and Eurest International, a part of
Compass Granada Plc of the UK, has set up a 12,600 sq. ft. food court at the
Tidel Software Park in Chennai.
According to Mr Saajid Khan, Vice-President, RKHS, this is the first RKHS
food court in the business and industry segment. RKHS, which initially
catered to food services requirements of offshore and remote site business
and institutional projects, recently diversified to land operations.
It had set up facilities in retail outlets such as Shoppers' Stop, with which
it has a national agreement, camps, hospitals and a range of business and
industrial establishments such as Hyundai, Enron and Ford India, he said.
RKHS saw food courts as an ideal solution for the white-collar business and
industry customers, he said. It offers a range of cuisines at an affordable
cost. In addition, the latest trends in ambience, variety - through a buffet
environment - and quality were addressed, Mr Khan said.
The company has entered into an agreement with Pizza Corner to set up a shop
within the food court. RKHS will also bring in international Compass brands
such as Caffe Ritazza and StopGap Express. Caffe Ritazza is a gourmet coffee
brand which will offer a wide range of coffees including the traditional
filter coffee, popular espresso-based coffees, flavoured coffees and cold
coffees, according to him.
StopGap Express was a convenience store format with pre-packed food products
catering to between-meal or late-evening snack requirement, he said.
The exclusive agreement with Tidel gives RKHS a 10,000 strong potential
clientele by the year-end. Now, there are 30-35 software companies and about
4,000 software professionals. Industry estimates pegged that at least 30 per
cent would drop in for a bite, according to Mr Khan.
The facility at Tidel has been set up at a cost of Rs 1 crore, and has the
latest in kitchen equipment. Safety and hygiene are the talking points, and
RKHS also plans to launch event management for the software companies by
handling their catering requirements during seminars and conferences,
according to him.
- Our Bureau

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

India: 'Dabhol bill can be adjusted against MSEB rebate'

04/04/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

MUMBAI, April 3. THE Union Finance Ministry has said the Rs 102-crore
December bill, for which Enron had invoked the counter-guarantee, can be
adjusted against the Rs 401-crore rebate slapped by the Maharashtra State
Electricity Board (MSEB) on Dabhol Power Company (DPC).
A letter from the Finance Ministry to the Maharashtra Government said the Rs
102-crore December bill "is not payable." MSEB had asked the Centre not to
pay Rs 102 crore to DPC claiming that the amount could be adjusted against
the Rs 401-crore rebate. The Centre had then referred the matter to the Union
Law Ministry.
"The Finance Ministry has already sent a letter to DPC saying that the money
can be adjusted," a senior State Government official said.
MSEB had asked DPC to pay up Rs 401 crore rebate after it was "unable" to
provide power at 90 per cent plant load factor in the last week of January
2001.
DPC had invoked Union Government guarantee on March 8, for the second time
since February 6, after the State refused to honour its guarantee for the Rs
102-crore December bill. MSEB had asked the State Government also to not pay
DPC as the bill.
According to the PPA, DPC has to provide power to MSEB at 90 per cent PLF
within three hours of demand. MSEB officials said the company failed to
comply with the provision making DPC liable to pay the penalty.
According to DPC, however, "everywhere in the world, power plants need five
to six hours of start-up time." It has maintained that it is "not possible to
ramp-up generation as required by MSEB."
But senior MSEB officials said the Union Government may end up honouring the
guarantee on "administrative grounds."
"DPC has invoked Central guarantee and the Government cannot easily sweep it
off. But the Finance Ministry has vindicated our claim," the MSEB official
said.
- Archana Chaudhary

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

Dec guarantee not to be honoured
S Ravindran Mumbai

04/04/2001
Business Standard
1
Copyright (c) Business Standard

The Maharashtra government seems to have gone one up on Enron in the Dabhol
controversy. In a fresh twist to the drama, the Union government has decided
not to honour the counter-guarantee invoked by the Dabhol Power Company for
the December, 2000, bill of Rs 102 crore.
The government has contended that this bill be adjusted against the claim of
Rs 400 crore slapped by the Maharashtra State Electricity Board on DPC. This
opens up the possibility of DPC seeking justice in the London Court of
Arbitration. This is permissible under the terms of the power purchase
agreement.
Senior state government officials told Business Standard: "The
finance ministry has already written to DPC on this issue on Monday."
The Centre's move is being seen as a clear vindication of MSEB and the state
government's stand.
A DPC spokesman said, "We confirm that the government of India has
communicated that until the declaration issue (the Rs 400 crore penalty) is
resolved, it does not intend to pay the December bill under the counter
guarantee."
"We are disappointed with the Indian government's decision which is contrary
to legal opinion from both Indian and international experts. Their position
is in conflict with the PPA. We are evaluating the situation in consultation
with our partners and lenders," he added.
DPC had invoked the Central government guarantee on March 8 after MSEB failed
to clear its dues of Rs 102 crore for December, 2000. Earlier it had invoked
the state government guarantee but state did not honour it.
MSEB then retaliated by despatching a notice to DPC that it cough up Rs 400
crore towards payment for non-supply of electricity at required levels during
various periods between October, 2000 and January 28, 2001. This stand also
found favour with the state government but was hotly contested by DPC.
Meanwhile, in a bid to resolve the imbroglio, the Union government referred
the matter to the law ministry. Under the terms of the PPA such disputes
could be resolved every four months through mutual consultations. DPC took
the line that the four month period for this dispute expired on January 25
when the December bill became due.

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


>> > Please EVEN BY MISTAKE DO NOT OPEN ANY ATTACHMENT THAT
>> > >READS  "UPGRADE INTERNET2" OR "PERRIN.EXE"
>> > >
>> > >PLEASE, SEND THIS INFORMATION TO EVERY PERSON IN YOUR ADDRESS BOOK. IF
>>YOU
>> > >RECEIVE AN E-MAIL THAT READS "UPGRADE INTERNET2" DO NOT OPEN IT, AS IT
>> > >CONTAINS AN EXECUTABLE NAMED "PERRIN.EXE." IT WILL ERASE ALL THE DATA
>>IN
>> > >YOUR HARD DRIVE AND IT WILL STAY IN MEMORY. EVERY TIME THAT YOU UPLOAD
>>ANY
>> > >DATA, IT WILL BE AUTOMATICALLY ERASED AND YOU WILL NOT BE ABLE TO USE
>>YOUR
>> > >COMPUTER AGAIN. THIS INFORMATION WAS PUBLISHED THE DAY BEFORE
>>YESTERDAY IN
>> > >THE CNN WEB SITE. THIS IS A VERY DANGEROUS VIRUS. TO THIS DATE, THERE
>>IS NO
>> > >KNOWN ANTIVIRUS PROGRAM FOR THIS PARTICULAR VIRUS.  PLEASE, FORWARD
>>THIS
>> > >INFORMATION TO YOUR FRIENDS, SO THAT THEY WILL BE ON THE ALERT. ALSO
>>CHECK
>> > >THE LIST BELOW, SENT BY IBM, WITH THE NAMES OF SOME E-MAILS THAT, IF
>> > >RECEIVED, SHOULD NOT BE OPENED AND MUST BE DELETED IMMEDIATELY,
>>BECAUSE
>> > >THEY CONTAIN ATTACHED VIRUSES. THIS WAY YOUR COMPUTER WILL BE SAFE.
>>THE
>> > >TITLES ARE: 1) buddylst.exe 2) calcu18r.exe 3) deathpr.exe 4)
>>einstein.exe
>> > >5) happ.exe 6) girls.exe 7) happy99.exe 8) japanese.exe 9)
>>keypress.exe 10)
>> > >kitty.exe 11) monday.exe 12) teletubb.exe 13) The Phantom Menace 14)
>> > >prettypark.exe 15) UP-GRADE INTERNET2 16) perrin.exe 17) I love You
>>18)
>> > >CELCOM Screen Saver or CELSAVER.EXE 19) Win a Holiday (e-mail) 20)
>>JOIN THE
>> > >CREW O PENPALS
>> > >
>> > >ONCE AGAIN, DO NOT OPEN THESE E-MAILS AND PLEASE PASS THIS INFORMATION
>>ON
>> > >TO YOUR FRIENDS AS SOON AS POSSIBLE
>> > >
>> >
>> >
>>_________________________________________________________________________
>> > Get Your Private, Free E-mail from MSN Hotmail at
>>http://www.hotmail.com.
>> >
>> > Share information about yourself, create your own public profile at
>> >
>>http://profiles.msn.com.____________________________________________________
_______
>>Get more from your time online.  FREE MSN Explorer download :
>>http://explorer.msn.com
>

______________________________________________________________________________
_______
Get more from the Web.  FREE MSN Explorer download : http://explorer.msn.com


Kay:  I spoke to Chuck today.  He did not come up with any "fatal flaws".  He
said he would drop you a quick note over the weekend regarding the security
interest/termination mechanics.  I hope that all is well.  John

Kay.Mann@enron.com> 03/13/01 09:23AM >>>
Hi John,

I still need a Connecticut lawyer to look at this.  Do you have someone
available?  I need input by Monday, March 19. Nothing comprehensive, just a
fatal flaw analysis under Connecticut law.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 03/13/2001 08:21
AM ---------------------------

Kay Mann
12/11/2000 06:57 AM

To:   jklauber@llgm.com
cc:   Heather Kroll/HOU/ECT@ECT

Subject:

Hi John,

I'm attaching the current draft of the contract under which we will be able
to buy the Fuel Cell equipment for use on projects in Connecticut.  The
contract will likely be a Connecticut law contract.  Could you have someone
give it a fatal flaw check, or should I use Connecticut counsel?

One issue which is nagging me is their request for a security interest in
the equipment, as I think this might complicate financing.  I assume that
an equipment supplier has certain lien rights under Connecticut law anyway.
Can you have this verified?  I only want the simplest of explanations.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 12/11/2000 06:52
AM ---------------------------

"Scheib, Jacqueline Pennino" <jscheib@rc.com> on 11/17/2000 10:26:09 PM

To:   "'kay.mann@enron.com'" <kay.mann@enron.com>, "Jerry Leitman (E-mail)"
<jleitman@fce.com>, "Ross M. Levine (E-mail)" <rlevine@fce.com>
cc:   "Sellay, William" <WSELLAY@RC.com>

Subject:

<<jgtk01!.DOC>>  <<RED FUELCELL AGR.DOC>>
--------------------------------------------------
Jacqueline Pennino Scheib, Esq.
Robinson & Cole LLP
280 Trumbull Street
Hartford, CT  06103
(p) 860-275-8285
(f) 860-275-8299
jscheib@rc.com

(See attached file: jgtk01!.DOC)
(See attached file: RED FUELCELL AGR.DOC)

"This e-mail, including attachments, contains information that is
confidential and it may be protected by the attorney/client or other
privileges.  This e-mail, including attachments, constitutes non-public
information intended to be conveyed only to the designated recipient(s).  If
you are not an intended recipient, please delete this e-mail, including
attachments and notify me by return mail, e-mail or by phone at 212
424-8125.  The unauthorized use, dissemination, distribution or reproduction
of the e-mail, including attachments, is prohibited and may be unlawful.

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
jklauber@llgm.com


what went on this weekend?  i am still tired from this weekend.


Suzanne is going to track down Heather, then will call you to confirm if 330
works.

Kay

From: Gregg Penman on 10/31/2000 11:50 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Re: enovate stuff

1)

3) I think we want it to apply to whatever entity employs the individuals
with access.  Most of these people will probably Peoples Energy Corp.
employees, but I suppose we could make it also include all of their
affiliates.  enovate can sign the CA as well, but since enovate doesn't have
any employees I was assuming we could use Peoples Energy as the responsible
legal entity.

4) After 3:00 is fine, let me know for sure soon enough that I can lock Sarah
up.

Thanks,

Gregg

	Kay Mann
	10/31/2000 11:29 AM

		 To: Gregg Penman/Corp/Enron@Enron
		 cc:
		 Subject: Re: enovate stuff

1)The cybergoblins ate the attachment.
2) OK
3) Which Peoples is it?  Also, I think enovate should sign at CA.
4)  I sent Heather an email re her availability.  There's a bunch of
construction near downtown, so I would hesitate to commit to an early call,
but I know I'm free after 300 tomorrow.

Kay

From: Gregg Penman on 10/31/2000 11:25 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: enovate stuff

Kay -

1) Attached is my quick attempt at writing something to make the management
changes at enovate that we discussed.  Could you please review this and add
the appropriate legal language.  I don't think that we need any Board
approval for any of these changes, so is some type of notification sufficient?

2)  I would like to address the idea of signature authorities other than
Laura at the same time.  My suggestion would be that Richard and myself be
granted some level of authority to execute CA's, Master Agreements, etc. that
have been reviewed and approved by legal.  If you can at least pull the
template you used to get approval for the Director you mentioned and see if
there would be any changes necessary that would be helpful.

3) I need to get the CA form for the curves and other information started.
We can discuss this any time you want.

4) What is your availability tomorrow either 8-9:15 or after 3:00 to discuss
the intercompany loan agreement, and will Heather be available?

I will be leaving around 2:00 for suburban trick or treating.

Thanks,

Gregg


Thanks Dave. I got in.

Monika

 -----Original Message-----
From: 	Allan, David
Sent:	Thursday, November 15, 2001 9:46 AM
To:	Causholli, Monika
Subject:	FW: GMAT Review available at Enron

fyi, Dave

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON   On Behalf Of The Princeton Review@ENRON
Sent:	Wednesday, November 14, 2001 9:20 PM
To:	All Enron Houston@ENRON
Subject:	GMAT Review available at Enron

GMAT REVIEW AT ENRON

The next GMAT review course at Enron will begin Monday, November 26th:
The schedule is:
     Course # 7019-00:  Monday nights, Nov 26 - Jan 28 (no class Dec 24 or
Dec 31)

This course is identical to the courses that started in October.  It is
being offered now for the benefit of employees who would like to take the
GMAT before January 31 for the purposes of applying to business school.

Course details:
     - Class is held at Enron in room ECN560 and is restricted to Enron
		employees
     - Each course is limited to eight students
     - Meets once a week for eight weeks
     - Hours are 6:00-9:00 PM (first session will run til 10:00 pm to
          include initial exam)
     - Expect 4-5 hours of homework per week
     - Course includes a total of four practice GMAT exams
     - Ends the second week of December, allowing employees to take the
          GMAT in December and meet a January application deadline.
     - Special discount of $200 off the regular Princeton Review tuition

Enron has allowed this program to be hosted in the Enron Building for
convenience of its employees.  Individuals are responsible for paying their
own fees.  Financial support from Enron is at manager's discretion and is
subject to the usual tuition reimbursement constraints around budget and
relevance to organizational performance.

HOW TO ENROLL:
     1.  Print out the attached registration form.
     2.  Complete the form, but please note the following
          SPECIFIC INSTRUCTIONS:
          A.  Fill out the student information completely, including
               your email address.
          B.  In the Enrollment section, where it says "Please enroll
               me in GMAT Class Size-8 Course # _________",
          C.  In the Payment section:  For the course at Enron, the
               tuition is discounted by $200, to $899.
               FULL PAYMENT of this amount by credit or debit card is
required on the registration form.  Be sure to indicate complete cardholder
information.
     3.  Fax the completed form to Princeton Review at (713) 688-4746.

Faxes are time-stamped by the receiving fax machine at Princeton Review.
The first eight valid registration forms received for each course will be
honored.  Registrations received after the first eight will be placed on a
waiting
list for the course or courses indicated.  Enrollments and waitlists will be
confirmed by email.

Employees who are not able to take the course at Enron can take a course at
the Princeton Review office at the same $200 discount.
Call (800)2REVIEW to register or to receive a list of course schedules.

IMPORTANCE OF THE GMAT:
     The GMAT score is a critical part of your application to business
school.  Indeed, in many cases, it is the single most decisive statistic
that admissions offices use in evaluating applicants.  While work
experience, GPA, essays, and interviews are all important components of
your application, the GMAT is the one objective factor that you can
substantially improve in a short period of time.

THE TEXAS MBA TOUR:
     All interested Enron employees are invited to attend the Texas MBA
Tour, which will be in Houston on Wednesday, January 23. The Texas MBA
Tour, of which The Princeton Review is a partner, is a group of six business
schools that host a joint MBA panel discussion and admissions fair.  The
participating schools are Texas, Rice, SMU, Baylor, TCU, and Texas A&M.
The Princeton Review has agreed to handle registration for the event, so
call
(800) 2REVIEW to register.

http://home.enron.com:84/messaging/gmatregform.pdf


Hi there.  I see we're going to have another lovely dreary day.  I hope your day today is better than yesterday.  I will see you at the board meeting.  I love you!!
Love,
Caron


Tom and Cynthia--The SE reports includes some dings against TVA.

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


Sylvia ,

Proliance has notified me today they have executed our Master.  In addition
they are requesting a GISB for short trades.

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


g hfbhfgh fg


Who is your contact?

-----Original Message-----
From: Blair, Kit
Sent: Tue 6/26/2001 10:39 AM
To: Stokley, Chris
Cc:
Subject: RE: EES Files

Chris,
    I did ask Caroline, she told me to ask you, we were both under the impression that it had changed and that you had someone new that we were to send it to.  I will keep sending them to the old contacts.
-Kit

-----Original Message-----
From: Stokley, Chris
Sent: Tuesday, June 26, 2001 10:33 AM
To: Blair, Kit
Subject: RE: EES Files

Check with Caroline to see who the current contact is with EES.

-----Original Message-----
From: Blair, Kit
Sent: Tue 6/26/2001 10:21 AM
To: Stokley, Chris
Cc:
Subject: EES Files

Chris,

        I have EES and PGES files prepared though March, if there is someone at EES you would like me to send them to, please let me know.  Thanks.

-Kit


Please reflect in Lotus Notes and follow up.  SS

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
----- Forwarded by Sara Shackleton/HOU/ECT on 02/07/2001 03:32 PM -----

	Tanya Rohauer
	02/07/2001 03:10 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Top 10 Additions

Dynegy Canada, Inc.
Cleco Marketing & Trading LLC
XL Trading Partners Ltd

There are a couple more worksheets coming in the next few days that we will
probably want to prioritize as well.

Thanks.


Vince,

Since you are not here today, I just sent out the presentation of the model I
prepared for John
for his feedback.  I would appreciate that you review it before we make the
final version.

Obviously, this simulation model is going to make a big impact on our online
trading.  And I am happy
that we have accomplished this task effciently and elegantly.

Zimin

---------------------- Forwarded by Zimin Lu/HOU/ECT on 12/06/2000 01:25 PM
---------------------------

Zimin Lu
12/06/2000 01:21 PM
To: John J Lavorato/Corp/Enron@Enron
cc: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: WTI trading simulation model - presentation

John,

I put together a presentation of the simulation model for WTI market maker
for you.
The P/L results are investigated by assuming different scenarios.

The key variable is the number of trade per day, therefore is varied  from
200 to 1000 trades.

Scenarios are generated by different spreads, net open position allowed, and
time period.

Take a look what I have prepared, and let me know things you want to add or
delete.
If you have any questions, I will be happy to discuss with you.

Zimin

PS: this presentation is only for the open-close trading.  I will produce
exact the same
sequence for the continuous trading (close-close) once you approve the
content.


You're not done yet big boy.
---------------------- Forwarded by John Arnold/HOU/ECT on 09/19/2000 05:34
PM ---------------------------

Julie Pechersky
09/19/2000 02:31 PM
To: John Arnold/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, Douglas S Friedman/HOU/ECT@ECT, David J
Vitrella/HOU/ECT@ECT, Selena Gonzalez/HOU/ECT@ECT, Madhur Dayal/HOU/ECT@ECT,
Reza Rezaeian/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Anna
Santucci/NA/Enron@Enron, David J Botchlett/HOU/ECT@ECT
cc:
Subject: We need your feedback regarding the demonstrations you attended.

We really appreciate your attendance of the demonstrations of Reuters, Bridge
and Globalview software.  Please take a minute
to fill out the attached feedback form so that we will know what you thought
of each application.  Return the completed form to me.

Thanks again for you time!

Julie
39225


Kay, as we discussed here's the brief description Bart had circulated within
Enron regarding our participation on this project:

Nick Politan will be in overall charge of the project, and will be
the principal in charge of outside legal review of development matters,
including the EPC and equipment procurement contracts, assisted by Rick
Filosa.
Both Nick and Rick are located in Bingham's New York office. Bruce Silvers
will
handle Connecticut regulatory matters, and Mark Oland will handle
Connecticut
real estate and permitting. Bruce and Mark are located in Bingham's Hartford
office.

We all look forward to working with you and please don't hesitate to call
any of us at any time.

(See attached file: Development Agreement 1bR.doc)                  (See
attached file: CRRA LOI 1bR.doc)