Stephanie:  Please forward per the message.  We need to keep a file for this
agreement.

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 03/01/2001 08:46 AM -----

	Denis O'Connell
	03/01/2001 08:35 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

Sara - apologies - I thought my original mail to yourself and Jeff
explained.  I would be grateful if you could have this couriered today.  I
attach my original mail for convenience.

many tks,

Denis

Denis O'Connell
21/02/2001 18:55
To: Jeff Kinneman/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT

Subject: RVI - Portfolio CDS No.1 (Equity Tranche)

Jeff - you should receive in the next day or so a Security Agreement from our
lawyers in Bermuda (Appleby Spurling) which has to be executed on behalf of
ENA.  I have approved these docs - in short the agreement grants us security
in a Reinsurance Contract which supports RVI's obligation under the Credit
Default Swap.

I would be grateful if you could sign where necessary and forward all copies
by courier directly to Sharon White at the following address:

Sharon White
Conyers Dill & Perman
Clarendon House
PO Box HM 666
Hamilton
Bermuda

Sara - I would be grateful if you could provide the requisite legal
initials.  On a separate point - Sara - can you confirm that Greg Whalley has
the authority to sign on behalf of ENA - if so can you have someone fax me a
copy of the signatory authority.

If you have any questions give me buzz.

Many tks

Denis

PS - Drop me a mail when the docs have gone so I can chase-up with Sharon.

From: Sara Shackleton on 01/03/2001 08:27 CST
To: Denis O'Connell/LON/ECT@ECT
cc: Stephanie Panus/NA/Enron@Enron

Subject: Re: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

No - you never answered my email of 2/27.

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

	Denis O'Connell
	03/01/2001 07:38 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Re: R.V.I. Guaranty Co., Ltd., a Bermuda reinsurance company and
Continental Insurance Company

Sara - Has this been sent to Bermuda yet ?  - tks Denis


Chris:
Did you find out who the folks are from Navigant working on the contracts?

Best,
Jeff


-----Original Message-----
From: 	Whitman, Britt
Sent:	Tuesday, October 02, 2001 5:16 PM
To:	Allen, Phillip K.; Kitchen, Louise; Lavorato, John; Presto, Kevin M.
Cc:	Black, Don; Calger, Christopher F.; Davis, Mark Dana; Gaskill, Chris; Gilbert-smith, Doug; Grigsby, Mike; Herndon, Rogers; Johnston, Robert; Lewis, James; Milnthorp, Rob; Sturm, Fletcher J.; Walsh, Kristin
Subject:	Western Issues Update 10-02-2001


Start Date: 4/27/01; HourAhead hour: 10;  HourAhead schedule download failed.
Manual intervention required.


1:00 or 1:30 p.m. today is fine for a conference call.

Mark

 - Outline for April 17th handouts.doc


I just wanted to confirm that the ability to create roll ups without the IT
group's involvement has been moved up
on the priority list.

Russ


Linda,  I have reviewed the form of Master Construction Agreement and have
approved its use in this project.  Please let me know if you have any further
questions.


John, I assume that you are doing the review for Vince Kaminski.

Thanks
Dave


Dear PIRA Client:

The following Current News & Analysis articles have been published on
PIRA's website:

1) Iraq: UN Oil For Food Exports
2) US Gasoline Baselines To Change Next Year

Please go to http://www.pira.com

These articles can be found in the Client section of PIRA's website. You
will need a PIRA Online account in order to gain access. For account
information please contact Dyana Rothman, drothman@pira.com

Best regards,

PIRA Energy Group


whatever you say.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 12:49 PM
To:	'Nelson, Michelle'
Subject:	RE:

ok no more happy hours

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 12:44 PM
To:	Maggi, Mike
Subject:	RE:

ok what?  you said a lot or no more happy hours?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 12:44 PM
To:	Nelson, Michelle
Subject:	RE:

ok

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 12:40 PM
To:	Maggi, Mike
Subject:	RE:

really, then you said a lot on friday.  no more happy hours.

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 12:39 PM
To:	Nelson, Michelle
Subject:	RE:

the truth comes out after a few drinks

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 12:38 PM
To:	Maggi, Mike
Subject:	RE:

yep.  then tell me why since you are so smart.


Facts for talking points:

Transmission net plant (as of 1999):
PG&E,  $1.43 B
SCE,     $1.90 B

Distribution net plant (as of 1999):
PG&E,  $6.58 B
SCE,     $4.88 B

Total costs (revenue requirement) for Transmission (1999):
PG&E, $0.40 B    includes return on capital (0.12B), taxes, depreciation, o&m
(0.10B)
SCE,     $0.57 B   includes return on capital (0.15B), taxes, depreciation,
o&m (0.21B)

Transmission costs as % of total utility costs (1999):
PG&E,  5%
SCE,     7%

Securitization of entire transmission revenue stream creates maybe $20
million annually of additional head room for the 2 utilities (2% of $1B),
plus whatever tax effects may accrue from state vs. private ownership.

A 50% premium to book value purchase generates a $1.7 B combined windfall to
utilities, before tax effects, or about 15% of the under-recovered amounts of
$13 B.

Alan and I will work on refining these messages.


Jeff, FYI. This is from Bill Urquhart, the lead litigation partner at the California law firm that is representing us in the Los Angeles litigation.  Jim

 -----Original Message-----
From: 	"A William Urquhart" <awu@quinnemanuel.com>@ENRON [mailto:IMCEANOTES-+22A+20William+20Urquhart+22+20+3Cawu+40quinnemanuel+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, March 15, 2001 1:06 PM
To:	Derrick Jr., James
Cc:	msmith1@enron.com; Sanders, Richard; Williams, Robert C.; Vsharp@enron.com
Subject:	Teamwork

Hi Jim--

The last month or so have been so hectic I have barely had time to breath.  We have gone from fire to fire.  Over the last 24 hours (since we submitted our last hurry up brief) I have been reflecting on the experience.  To say it has been positive is an understatement.

Under ordinary circumstances working under such continual pressure--with so much $ on the line--would have been stressful.  However, when you work with Enron the opposite is true.  There is such a sense of esprit d' corp that permeates your organization.  It makes difficult things easy and the impossible, just another day in the office.

There are no egos to trip over at Enron.  When there is a problem to solve, it is everyone's problem.  People are not afraid of asking questions.  They keep questioning until they understand.  Nobody minds repeating themselves.  They are incredibly patient with outside lawyers--spending hours and hours bringing us up to speed.  As you well know, yours is not a simple business.  It is so refreshing.

There are so many benefits to this team approach.

1.  You get things right the first time.  As you know, in any litigation is critical that the court view your side as the teller of truth.  Because you get things right the first time,  the company is not exposed to being discredited when the other side responds.

2.  I would bet that Enron's outside legal bills are half what they would be otherwise.  With most companies the outside (and inside) lawyers get a minimum of support from the business people.  The business people view business as business and lawsuits as an annoyance.  (I should say that I could never understand that given the direct  Perhaps it is the trader mentality at the company.  Perhaps it is an unwavering focus on the bottom line.  Perhaps it is just that everyone feels they are a part of a team and they realize that by working together the team can achieve things that no one person can do working alone.  Whatever the reason, the outside lawyer's job is made so much easier.  That results in much, much lower legal bills.

3. You increase your chances of winning.  The brainstorming is so valuable.

4. The outside lawyers, like me, feel they are part of the team.  Outside lawyers do not feel as if they are on trial.  They can ask the dumb questions.  I know that all of us here are looking forward to the next opportunity to work with the Enron team.

5.  Human nature being what it is--I think that when there are choices to be made as to whose work goes on the top of the pile--the Enron assignment goes to the top more often than not.

You have built a great legal team.  All of your legal staff should be proud of what they have built.

Thanks for letting us come along for the ride.

Regards,

Bill

A. William Urquhart
Quinn Emanuel Urquhart Oliver & Hedges LLP
865 South Figueroa Street, 10th Floor
Los Angeles, CA  90017
Tel:  (213) 624-7707
Fax:  (213) 624-0643
E-Mail:  awu@quinnemanuel.com
Web:  http://www.quinnemanuel.com


Vector Pipeline has appointed Craig R. Fishbeck as president of Vector.
Vector believes that Fishbeck's extensive industry experience and knowledge
of Vector's market area position him well to lead the company through its
December 2000 start-up and coming years of growth. The pipeline also believes
Fishbeck's appointment strengthens Vector's role as a vital link between the
Chicago Hub and Dawn, Ontario, to help meet the growing demand for natural
gas in the U.S. Midwest, Eastern Canada and the U.S. Northeast. Fishbeck
comes to Vector from CMS - Panhandle where he held the position of vice
president, marketing.


WILL DO .. THANKS. JOHN.

 -----Original Message-----
From: 	Corman, Shelley
Sent:	Monday, October 29, 2001 1:37 PM
To:	Long, John; Dowden Jr., Jimmy
Subject:	Can You Refer This Residential Gas Service Call?

We received a call this morning from a gentleman, Todd Bearden (954-981-1101), who recently moved into a home in Hollywood FL and is trying to obtain information about gas service, could one of you pass this request on the appropriate person at NUI-City Gas or TECO/PGS?


Of course I remember.  I have a great Spanish teacher.   I'm RSVPing as soon
as I send this so I'll see you tomorrow at lunch if not before.

Robin


S Jersey sold 35,000 day Z3-Z6 for Oct, non recallable at $.08, variable =
$.31, its about $.05 in the money.


i'm doing great -- the baby is so much fun but alot of work -- i feel tired 90% of the time -- enron is actually okay -- i feel good about my chances to stay on with the "new empire" -- but, i'm still taking this as an opportunity to explore some other options to see if there may be something incredible out there that i am missing out on.  what's new with you??

-----Original Message-----
From: Scotty Morales [mailto:scottymorales@home.com]
Sent: Wednesday, November 14, 2001 9:20 AM
To: Kuykendall, Tori
Subject: Re: more erin pics

What a doll.

She is a very cute baby!

How are you doing?  What's the latest with Enron?

----- Original Message -----
From: Kuykendall, Tori <Tori.Kuykendall@enron.com>
To: <andrewhescock@hotmail.com>; <cathy_morse@foleys.com>;
<hshaver@utilicorp.com>; <jperdew@apbenergy.com>;
<terra.henderson@accenture.com>; <moshuffle@hotmail.com>;
<rhaygood@darbylaw.com>; <robert.hawkins@ci.austin.tx.us>;
<scottymorales@home.com>; <erin_sturm@pancanadianenergy.com>;
<tnoble@officedepot.com>; <natgaspunk@hotmail.com>; <i00nlp@fds.com>;
<shatter570@aol.com>; <sahamrx@yahoo.com>
Sent: Tuesday, November 13, 2001 5:26 AM
Subject: FW: more erin pics

-----Original Message-----
From: Patrick Kuykendall [mailto:patrick_kuykendall@hotmail.com]
Sent: Monday, November 12, 2001 6:40 PM
To: Kuykendall, Tori
Subject: more erin pics

Here are the latest and greatest.  Actually not too outdated.

_________________________________________________________________
Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


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-----Original Message-----
From: David Nagy [mailto:dnagy@mail.bentekenergy.com]
Sent: Wednesday, December 05, 2001 4:21 PM
Subject: FW: My energy service provider saves me money, and proves it!

> Bentek's RateMiner enables marketers, consultants and end users of energy
> to estimate savings, conduct bill audits and evaluate the economic impact
> of alternative electric and gas rate structures.
>
>
> The table below shows a load profile for 100,000 square foot grocery store
> located within the footprint of Baltimore Gas and Electric.
>
>  <<...OLE_Obj...>>
> RateMiner Gas ETA (Electronic Tariff Analysis)
>
>
>
> The table below shows the Electricity costs for a 60,000 square foot
> grocery store located within the footprint of Conectiv Power in New
> Jersey.
>
 <<...OLE_Obj...>>
> RateMiner Electric ETA (Electronic Tariff Analysis)
>
>
> Bentek Energy, LLC. is the leading provider of utility tariff information
> and analysis.
>
>
> Bentek Energy, LLC.
> 575 Union Blvd., Suite 202
> Lakewood, CO  80228
> (800) 364-5687
> www.bentekenergy.com
>


Please note the following changes:
Public Service Electric & Gas Company (PSEG)
Assigned its contracts to
PSEG Energy Resources & Trade LLC (PSEGENERES)


Questions for Hunter:
1. What are the position limits for the traders on the central desk, maximum
long or short?
2. What are the steps to evaluating a trade with a third party?
3. How does a trader set their curves?  What information/knowledge is
required?
4. What information or tools, besides NYMEX, do you use to gage the market?

Carrie, that is all I can come up with right now, I will keep thinking and
let you know if anything comes up.
PL


Attached is the proposed DASH for the Central Maine Power full requirements opportunity.  We expect to update our pricing next Tuesday and potentially close that same day (9/11/01).  Please review the DASH and let myself or John Llodra know if you have any questions.  Thanks

- Jim


i got a room for sept.6th - sept. 9th.  it is the rainman suite at the
mirage.  there are 2 bedrooms, 2.5 baths, and a huge living room.  with the
room we get limo service to and from the hotel.  if there are 7 of us paying
it will cost roughly $225 for each of us.  that is pretty cheap.  this way we
don't need to get another room.  i also reseved a room at the luxor that can
sleep 4 and a suite with 1 bedroom and a living room.  this will cost us $200
per night.  tell me which one you prefer.  we also neet to make sure everyone
goes b/c if someone drops out it will cost us a lot more.  merlin, the suite
at the mirage wasn't available for the 13th-16th.  get back to me soon.  you
can email me back or call me at 713-807-1699.

later


As we discussed....... as much flesh as we can put on this by midday tommorrow would be quite helpful. I would think there are significant aggregation opportunities available to us once this is implemented. Let me know what else you need from me. Thanks.


-----Original Message-----
From: 	Ratliff, Dale
Sent:	Friday, August 31, 2001 10:19 AM
To:	Bellard, Dannis; Blair, Lynn; Brown, Sharon; Bryant, Mike; Corman, Shelley; Dietz, Rick; January, Steven; Nacey, Sheila; Schoolcraft, Darrell; Scott, Donna; Spraggins, Gary; Winters, Ricki
Subject:	Gas Control Snapshot

See Attached

Dale Ratliff
713-853-1534
dale.ratliff@enron.com


Gentlemen:

Attached for your review is a draft of the Schedule to the ISDA Master
Agreement.

FYI:  The ISDA Master Agreement is a preprinted form for which the Schedule
supplements, and such form is not able to be emailed.  Therefore it is not
attached to this transmission.

We look forward to your comments.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail:  Susan.Bailey@enron.com


Beta Bros.,
?
Add two more names to the list of confirmed attendees:? Jim 'Pledge  Trainer'
Glass will be arriving Friday night with his wife and daughter.?  Mitch
Baddour and his wife, our little sister if memory serves me correctly,  will
join us too.
?
Clay Coburn will be on the left coast prior to HC weekend and assures me
that he is working very hard to arrange an alternative circuitous return
route  to Kansas City that includes BIG D.? I trust that it is only a matter
of  time before his name will be added to the growing list as well.
?
Jim Glass
Mitch Baddour
Jim  Wallace????????????????????????????
Carl Holh
Tom 'Space'  Hosman????????????????
Geoff Anderson??
Bill Jannsson???????
Randy 'Tocks'  Harman
Frank Roby
Elvis Thompson
Bill  Jordan???????????????????????
John  Jones???????????????????????
Chuck  Paul???????????????????????????????
Don 'Bino' Mannino
Harry Singleton
John 'Pest Buster' Miller
Jeff 'Rocky'  Skilling
Jim Dent
Fred 'Beek' Haulenbeek
Woody Berry
Dave 'Wingo'  Wengierski
Art Kretz
Tom 'QB' Hutchison
Craig 'CDi' Diesenroth
Paul  'PP' Porter
Mark Paul
Tom Benson
Mark Hillstrom
John Grumbles
?
Thanks to John Miller four more lost Beta Bros. have been added to the Beta
cyber loop:? Bruce Wall, Scott McNabb, Joe Stortz and Hardy Brunette.
?
Don't forget the attached pictures...enjoy them while they last...I am
getting close to the end of my collection.
?
-kai-
Beek

Fred Haulenbeek
1195 Baldwin Road
Hinesburg,  Vermont???? 05461
802 482-4043????  802 482-6319
 - Betas12.jpg
 - Betas6.jpg


vkamins@enron.com, To unsubscribe send a blank mailto:leave-enerfaxtext-16362929Y@relay.netatlantic.com

Enerfax Daily
NORTH AMERICA'S FREE POWER AND GAS INFORMATION SOURCE
              Tuesday, January 8, 2002 No. 900
Visit: http://www.enerfax.com/ or for Oil Prices & News
http://www.enerfaxgold.com/
PHYSICAL NATURAL GAS PRICES
Gulf/Eastern Region
| Agua Dulce              | 2.18  |
| ANR SE                  | 2.26  |
| Carthage TG             | 2.24  |
| Chicago Citygate        | 2.22  |
| Columbia Gulf Onshore   | 2.29  |
| Dominion South Point    | 2.45  |
| Henry Hub               | 2.30  |
| Houston Ship Channel    | 2.30  |
| Katy Hub                | 2.24  |
| NGPL LA Pool            | 2.21  |
| NGPL - Midcontinent     | 2.09  |
| NGPL STX                | 2.17  |
| NGPL TX/OK              | 2.18  |
| NNG Demarc.             | 2.12  |
| Niagara                 | 2.42  |
| Sonat Tier 1            | 2.28  |
| TCO IPP Pool            | 2.40  |
| Tetco ELa               | 2.30  |
| Tetco M-3               | 2.91  |
| Tetco STX               | 2.25  |
| TGP Zone 0              | 2.22  |
| TGP Zone 1 (500 Leg)    | 2.25  |
| TGT Zone SL             | 2.28  |
| New York Citygate       | 3.04  |
| Transco Station 65      | 2.40  |
| Transco Zone 6 (NY)     | 3.05  |
| Trunk ELa               | 2.24  |
| Western Region
| California Border       | 2.13  |
| El Paso Keystone        | 2.03  |
| El Paso San Juan-Blanco | 1.99  |
| Waha Hub                | 2.11  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)      | 2.75  |
| Dawn Hub/Union          | 2.29  |
| Northwest Stanfield     | 1.87  |
| Wyoming Pool            | 1.85  |
| Opal/Kern River         | 1.87  |
| PGT-Malin               | 1.98  |
| Sumas                   | 1.86  |
            Flow Date 1/8
-------------------------------------------------------------
NATURAL GAS FUTURES
Henry Hub
12 Month Strip  2.5591 -0.0070
18 Month Strip  2.7047 -0.0060
| Month | High  |  Low  | Close | Change |
| FEB   | 2.350 | 2.210 | 2.272 | -0.003 |
| MAR   | 2.325 | 2.210 | 2.261 | -0.004 |
| APR   | 2.345 | 2.240 | 2.281 | -0.007 |
| MAY   | 2.405 | 2.300 | 2.345 | -0.007 |
| JUN   | 2.465 | 2.380 | 2.413 | -0.008 |
| JUL   | 2.540 | 2.450 | 2.476 | -0.007 |
| AUG   | 2.580 | 2.500 | 2.526 | -0.010 |
| SEP   | 2.590 | 2.515 | 2.541 | -0.010 |
| OCT   | 2.625 | 2.560 | 2.581 | -0.007 |
| NOV   | 2.855 | 2.790 | 2.811 | -0.007 |
| DEC   | 3.080 | 3.010 | 3.041 | -0.007 |
| JAN   | 3.190 | 3.140 | 3.161 | -0.007 |
-------------------------------------------------------------

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-------------------------------------------------------------
Natural Gas Futures Slip Slightly Lower

    Natural gas Futures for February delivery on the NYMEX settled $0.003
lower yesterday at $2.272 per MMBtu. The March contract lost $0.004 to
$2.261 per MMBtu. With short-covering from locals and funds in the front
and trade buying in the back months, the market reached $2.35 by
mid-afternoon but then quickly sold off late in the session. The technical
buying on what was being termed an oversold market came in late morning as
locals and funds tried to cover positions, then punched in buy-stops into
the mid-$2.30 before corporate trading houses took profits and sold down
the contract late. It turned out to be a long day's journey to just about
nowhere. Look for the market drop lower early today as yesterday's late
sell-off continues. However, the AGA is expected to report higher
withdrawal tomorrow afternoon than in recent weeks. Early predictions are
for a withdrawal of about  150 - 160 Bcf, compared to 167 Bcf a year ago.
The 5-year average for the week is 118 Bcf. More short-covering later
today could push the market as high as $2.40-$2.50, but it is more likely
to wait for the storage report for direction. Natural gas for next day
delivery across the US and Canada was generally down $0.05 - $0.10
yesterday. Natural gas for next day delivery at the Henry hub lost $0.06
to $2.30 per MMBtu.
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Today's Power Bulletins
 * FERC ALJ to Hold Pre-Hearing Conference on California's Demand for $9
Billion in Refunds for Alleged Power Overcharges Last Year
 * EPCOR to Proceed with Genesee Phase 3 Project - Generator First in
Canada to Use Supercritical Technology
 * Attorneys General of 9 Northeast States Host News Conference Today
Regarding.
Emissions Policy to Warn Administration They Will Consider Legal Action if
Enforcement of Power Plants and Refineries Relaxed
 * El Paso Linden, NJ Power Plant to Start Operations of Expanded to 761
MW Next Week
 * Procter & Gamble Selects AES NewEnergy as Electricity Supplier in
Southern Ohio
 * MidAmerican Announces Council Bluffs as Site of 900 MW Coal Plant
 * Oregon's Largest Electric Utilities Launch New Choices through State
Restructuring Plan
-------------------------------------------------------------
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* Over 130 color pages of clear, concise information for only $995
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-------------------------------------------------------------
FPL Begins Operation of New Wind Power Projects

    FPL Energy has began full operation of 2 large wind power plants, one
in Texas and the other in Washington.  FPL says the 278 MW King Mountain
Clean Energy Center near Odessa, and the 263 MW Stateline Clean Energy
Center near Walla Walla began operations last month. The two plants join 3
other wind power facilities FPL started in last year: 160 MW at Woodward
Mountain, also near Odessa, 112 MW in Gray County, Kansas, and 30 MW in
Monfort, Wisconsin. FPL Energy operates 1,830 MW and owns 1,439 MW of wind
power facilities in 8 states. FPL will continue to look for appropriate
sites for wind power development, but has expressed concern about the
future of the renewable energy source following the December 2001
expiration of the federal wind energy production tax credit.
-------------------------------------------------------------
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--------------------------------------------------------------
Natural Gas NYMEX Volume
02FEB   30,293
02MAR   15,281
02APR    9,124
02MAY    9,182
02JUN    4,304
02JLY    3,534
02AUG    2,466
02SEP    1,460
02OCT    1,667
02NOV    1,639
02DEC    1,687
03JAN    1,699
03FEB      632
03MAR    1,267
03APR      459
03MAY       25
03JUN      249
03JLY       13
03AUG       11
03SEP       13
03OCT       11
03NOV      280
03DEC       39
04JAN       73
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-------------------------------------------------------------
PHYSICAL POWER PRICES
|            | High  |  Low  | Average |
|            | $/MWh | $/MWh |  $/MWh  |
| Cinergy    | 23.00 | 18.00 |  21.55  |
| ECAR       | 25.50 | 18.00 |  22.85  |
| ERCOT      | 18.50 | 18.25 |  18.35  |
| Entergy    | 21.00 | 18.50 |  19.05  |
| TVA        | 26.30 | 24.00 |  25.65  |
| ComEd      | 21.00 | 20.00 |  20.50  |
| Nepool     | 33.75 | 33.50 |  33.70  |
| PJM West   | 28.80 | 25.10 |  25.80  |
| Main       | 22.00 | 19.00 |  20.55  |
| MAPP       | 23.00 | 19.00 |  20.65  |
| Palo Verde | 22.00 | 18.50 |  20.70  |
| Mid C      | 18.00 | 16.75 |  17.25  |
| COB        | 20.00 | 19.00 |  19.45  |
| 4 Corners  | 20.50 | 16.00 |  18.25  |
| Mead       | 21.50 | 19.75 |  20.80  |
| NP 15      | 22.50 | 20.00 |  21.30  |
| SP 15      | 22.50 | 20.10 |  21.55  |
             Power Delivered 1/8
-------------------------------------------------------------
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the postage. Have your press or news releases sent to over 50,000 energy
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-------------------------------------------------------------
Todays Gas Bulletins
 * Williams Companies' $1 Billion FELINE PACS Rated 'BBB' by Fitch
 * Heating Oil Falls 2.4% on Forecast for Warmer Weather in Northeast
 * Dynegy and Other Enron Creditors Ask Judge to Transfer Bankruptcy to
Houston from New York
 * Federal Judge Ruling Limits Southwest Gas Failed Merger Case; ONEOK
Legal Exposure Reduced Considerably
 * Transatlantic Holdings Expects $39 Million in Enron Exposure
 * UtiliCorp Completes Aquila Short-Form Merger; NYSE Trading of Aquila
Shares Ceases
 * Williams Energy Partners to Release Earnings January 28th
 * Coalbed Methane Water Management Strategies Conference February 4th -
5th in
Durango, Colorado
 * Bids Roll In for Enron's Trading Operations
------------------------------------------------------------
 Ziff Energy Group presents
Gas Storage 2002
Redefining the Fundamentals:
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Will record high volumes in storage further depress gas prices?
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-------------------------------------------------------------
PG&E Chromium Lawsuits Could Be Moved to Federal Court

    The judge presiding over Pacific Gas & Electric's bankruptcy will soon
rule on litigation connected to the 1993 case that led to the movie Erin
Brockovich. That case involved 650 people who were paid $333 million by
PG&E to settle claims they drank water containing chromium six, a
potential cause of cancer, near a Hinkley, CA natural gas pipeline station
owned by PG&E. The new claims involve 1,250 people seeking $500 million
for alleged personal injuries that are pending in 15 lawsuits involving
chromium at PG&E's Kettleman, Topock and Hinkley pipeline stations. PG&E
has said its potential liability is $160 million. Chromium six was used at
the pipeline stations in the 1950s and 1960s to prevent the pumps' cooling
systems from rusting then dumped in unlined ponds near the stations.
Attorneys for the plaintiffs say the chromium seeped into underground
water supplies and caused a number of illnesses, including cancer.
Although PG&E has said it used the chemical, it denies that chromium has
caused the illnesses. PG&E attorneys have said that bankruptcy law
mandates that personal injury and wrongful death claims be moved to a US
district court to ensure that the claims are handled as quickly and fairly
as possible. Plaintiffs attorneys contend that the suits were filed long
before the utility filed for bankruptcy and that moving them now to a
federal court would prolong the cases.
-------------------------------------------------------------
POWER FUTURES
| Month |   COB   | Change |   PV    | Change  |
| FEB   |  24.75  | +0.00  |  24.75  |  +0.00  |
| MAR   |  22.00  | +0.00  |  22.00  |  +0.00  |
| APR   |  21.25  | +0.00  |  21.25  |  +0.00  |
| MAY   |  23.20  | +0.00  |  23.30  |  +0.00  |
| JUN   |  22.00  | +0.00  |  22.00  |  +0.00  |
| JUL   |  34.75  | +0.00  |  34.75  |  +0.00  |
| AUG   |  44.00  | +0.00  |  44.00  |  +0.00  |
| SEP   |  39.75  | +0.00  |  39.75  |  +0.00  |
| OCT   |  30.75  | +0.00  |  30.75  |  +0.00  |
| NOV   |  33.00  | +0.00  |  30.00  |  +0.00  |
| DEC   |  35.00  | +0.00  |  30.00  |  +0.00  |
| JAN   |  33.00  | +0.00  |  30.75  |  +0.00  |
| Month | Entergy | Change | Cinergy | Change  |
| FEB   |  21.70  | +0.00  |  23.60  |  +0.00  |
| MAR   |  21.75  | +0.00  |  23.70  |  +0.00  |
| APR   |  21.75  | +0.00  |  23.70  |  +0.00  |
| MAY   |  24.50  | +0.00  |  26.75  |  +0.00  |
| JUN   |  31.75  | +0.00  |  35.50  |  +0.00  |
| JUL   |  41.00  | +0.00  |  46.00  |  +0.00  |
| AUG   |  41.00  | +0.00  |  46.00  |  +0.00  |
| SEP   |  22.50  | +0.00  |  24.75  |  +0.00  |
| OCT   |  22.75  | +0.00  |  24.75  |  +0.00  |
| NOV   |  22.75  | +0.00  |  24.75  |  +0.00  |
| DEC   |  22.75  | +0.00  |  24.75  |  +0.00  |
| JAN   |  26.00  | +0.00  |  27.00  |  +0.00  |
-------------------------------------------------------------
Power Futures
| Month |  PJM  | Change |
| FEB   | 27.55 | +0.00  |
| MAR   | 26.10 | +0.00  |
| APR   | 26.10 | +0.00  |
| MAY   | 29.50 | +0.00  |
| JUN   | 38.25 | +0.00  |
| JUL   | 52.50 | +0.00  |
| AUG   | 52.50 | +0.00  |
| SEP   | 26.50 | +0.00  |
| OCT   | 25.50 | +0.00  |
| NOV   | 25.50 | +0.00  |
| DEC   | 25.50 | +0.00  |
| JAN   | 30.00 | +0.00  |
-------------------------------------------------------------
Mackenzie Delta Natural Gas Project Files for Approval

   A consortium of major oil companies have moved closer to developing
almost 6 Tcf of natural gas in the Mackenzie Delta region on the coast of
the Beaufort Sea. The group has begun the lengthy process of applying for
regulatory approval, which could take up to 4 years. Led by Imperial Oil,
the group consists of Conoco, Shell Canada, Exxon Mobil and now includes a
company controlled by Northwest Territories native people. The partners,
known as the Mackenzie Valley Producers Group, could spend up to C$250
million before they decide whether to proceed with the project. The
natural gas reserves would be produced from Imperial's 3 Tcf Taglu field,
the 1.8 Tcf Parsons Lake field, owned by Conoco and Exxon Mobil, and
Shell's 1 Tcf Niglintgak field. The project would include a pipeline to
carry up to 1 Bcf per day of natural gas to Alberta along the Mackenzie
River valley at a estimated cost of C$3 billion. The natural gas would
then be transported to Canada and the US. Last year, the group signed an
agreement with Northwest Territories native leaders that would give the
region's people a 33% share in the pipeline and provide other economic
benefits. Even if the Mackenzie Delta project did not start pumping for 5
or 6 years, it likely will still be ahead of the Alaskan project, where
BP, Exxon Mobil and Phillips are planning development of their reserves.
-------------------------------------------------------------
Energy Seminars, Inc. Announces Key Seminar Offerings for January:

Energy Seminars will be going to Florida and Calgary in 2002!

Click to www.energyseminars.com to see our 2002 schedule.

Register on-line at http://www.energyseminars.com or call Registrar Gina
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FAX: 281-296-9922
--------------------------------------------------------------------------------------------------------------------------

Platts Says Natural Gas Prices Climb 12.6% in January

     Average monthly natural gas spot prices for January rose 12.6 % from
December, to $2.51 per MMBtu, but are 75% below the average reached in
January 2001, according to Platts. In a survey by Inside FERC's Gas Market
Report, the average price of natural gas delivered to the premium New York
and New Jersey markets for January was $4.92 per MMBtu compared with $3.12
per MMBtu in December and $19.33 per MMBtu last January. In Southern
California, the monthly average reached a high of $16.39 per MMBtu in
January 2001, the average monthly spot price for January 2002 climbed to
$2.62 per MMBtu, up 15.4% from $2.27 per MMBtu in December. The January
average is 84% below the January 2001 level. Monthly spot prices for
January climbed higher because weather was cold across most of the nation
at the close of December when most of the January deal making was
happening and because forecasts for the first part of January were for
more of the same. On January 4th, the average price for futures contracts
for the coming 12 months was $2.569 per MMBtu, down 9.25% from the $2.831
average on December 4th and 51% from the $5.241 average on April 4, 2001.
-------------------------------------------------------------
                Progas Storage Services, Inc

Was recently organized to offer specialized natural gas storage services
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evaluating for purchase another 21 bcf of potential working capacity which
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Abilene, TX 79606

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-------------------------------------------------------------
Dynedy Says FERC's New Market Power Proposal Too Risky

    All wholesale power transactions would be vulnerable to default if the
FERC adopts a strict new test for granting wholesale trading rights to
utilities, according to Dynegy.  Last Novermber, the FERC introduced a new
standard for sizing up market power for utilities big enough to influence
energy prices in their areas. The plan has raised a storm of protest from
many utilities. The proposed new market power test is based on the peak
power demand in any given area. If a company controls generation in any
area greater than its peak demand, FERC would require it to base rates on
per-unit production costs, not market-based rates. The previous
market-power test was any firm controlling more than 20% of supplies could
be subject to penalties. The new rules would call to question the finality
of all power market transactions and invite buyers to walk away from
purchase obligations, Dynegy says. About $100 billion in merchant
generation investment could be shelved if the FERC proceeds with a
proposed new rule, Dynegy warned saying all generation investment would be
exposed to a regulatory risk that did not exist before. In December, the
FERC delayed implementation of the new rules for several months until a
technical conference to give companies a chance to offer suggestions.
Dynegy says id the proposed new rules could also stunt the development of
renewable resources like wind, hydro and solar supplies by requiring them
to sell their power at no incremental cost. Entergy has also complained
that the FERC's sweeping changes are not justified by current laws. The
FERC is working to design 4 RTOs nationwide with built-in
market-monitoring capabilities which would negate the need for the new
market power rules. RTOs with approved monitoring systems will be exempt
from the new agency order.
-------------------------------------------------------------
ALL BAD NEWS SEEN IN THE MARKET According to a top industry analyst
traders are going to have to bide their time if they expect natural gas
prices to get much help from recovering industrial demand. Last week the
NAPM (National Association of Purchasing Managers) issued a positive
report concerning industrial activity, but natural gas traders showed
little interest. "Industrial demand could be improving slowly, but what is
going on out there is overshadowed this time of year by weather
developments," says Jim Ritterbusch of Ritterbusch and Associates. "There
should be some indication of growing industrial demand. The stock market
is a leading indicator of industrial activity and those markets are
looking strong, and some of the other indices are looking OK, but for the
time being industrial activity is being buried by other overwhelmingly
bearish factors. The forecasts for industrial activity and what goes on in
the natural gas market seem to be a bit tenuous at best. for the next
couple of months the focus is going to be on the weather and once we get
to tne end of February, then the industry will focus on industrial
demand." "I do think that all the bad news may be presently factored into
the market. Even though there were new lows made early this week, I think
any low prices much below those levels are going to be difficult to
sustain," he said. GET YOUR FIVE WEEK FREE TRIAL TO GASTRADER NEWSLETTER.
CHECK IT OUT AT GASTRADER.NET
--------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 added 37.01 points to 7870.25
The CRB Index gained 1.07 points to 194.89
The US Dollar increased 0.16 points to 116.33
The Dow declined 62.69 points to 10197.05
The S&P 500 dropped 7.62 points to 1164.89
The Nasdaq was down 22.28 points to 2037.10
February NYMEX Crude Oil fell 0.14 to 21.48
Canadian-US Exchange rose 0.0004 to 1.5979
-------------------------------------------------------------
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-------------------------------------------------------------
Washington DC
January 24, 2002
Spencer Abraham U.S. Secretary of Energy to address energy community on
potential security and commerce threats. Also to speak will be key
directors
from the CIA, SPR, IEA, SPR and more. See complete
detail and register today at
http://www.wesc.org
-------------------------------------------------------------
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Rod,  I wanted to confirm with you that it is OK for us to move certain employees to co. 1202 as of Jan. 1, 2002.  I know that we cannot move all the Service Groups, but you had agreed that we could move all the E&C Employees in Jerry Martin's organization to 1202 and a number of the Ops. Support Services Employees (in Morris's organization) that support all of the pipelines and are NOT mostly dedicated to just one company.

Please confirm so we can work with HR to have these employees moved at year end.

Also, have there been any further updates from regulatory regarding a more encompassing move of employees to one service company?

Thanks,  Elaine

Elaine Concklin
Enron Transportation Services
Director Financial Planning
Operations Support Services
1400 Smith St.   Suite 3AC-3311
Houston, Texas 77002
(713) 853-5521
Elaine.Concklin@Enron.com


Britta,

Thanks for your message.
I have several commitments at the time of the conference
and have to decline with regret.

Vince

"Britta Bothe" <brittab@informationforecast.com> on 04/12/2000 03:52:46 PM
Please respond to <brittab@informationforecast.com>
To: <vkamins@enron.com>
cc:
Subject: Infocast's Valuing Electric Power Assets and Companies: A Real
Options Perspective

Dear Mr. Kaminsky,

As I mentioned on your voice mail, Infocast is going to host an &Valuing
Electric Power Assets and Companies: A Real Options Perspective8 conference
to be held on July 31- August 2, 2000, in Chicago, IL - I would like to
explore your or your organization's possible participation at this event
with you.  This conference has been designed to bring together industry
professionals, like you, to provide the latest details on a "Real Options"
approach to electric power asset valuation.

I have attached a draft program outline for your review.  If you or someone
else at your company is interested in presenting on one of the topics please
let me know.

I truly appreciate your taking the time to review the conference schedule
and hope that you will consider participating.  I am running behind schedule
in finalizing this program.  I will call you on tomorrow to follow up with
you on this invitation.  In the meantime, if you have any questions or
suggestions, please do not hesitate to contact me at (818) 888-4445, ext.
30.  I hope you can join us for this event.

Sincerely,

Britta Bothe

INFOCAST
Conference Manager
 - EA&CV, Program Outline, Scenario 1.doc


<http://rs6.net/on.jsp?t=1010956637067.1010945481275&o=http://ccprod.roving.com/roving/images/p1x1.gif>
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March 4-5, 2002 Chicago, IL

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FERC Electricity Course 102 examines in-depth the critical federal issues that are likely to be addressed in the next 90 days, with far reaching potential impacts on the industry. Topics include:

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FERC's new Supply Margin Assessment (SMA) test and the risk that market-based rate authority will be revoked
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we might have a cook out or something on sat.  if that is the case i will let you know.

 -----Original Message-----
From: 	"Allen, Jill (US - Houston)" <jilallen@deloitte.com>@ENRON [mailto:IMCEANOTES-+22Allen+2C+20Jill+20+28US+20-+20Houston+29+22+20+3Cjilallen+40deloitte+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, May 21, 2001 9:46 AM
To:	Lenhart, Matthew
Subject:

what did you do this weekend?  got any plans for memorial weekend?
- This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law.  - If you are not the intended recipient, you should delete this message and are hereby notified that any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited.


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 07/22/2000
08:15 PM ---------------------------

	Enron Technology

	From:  Stephen Harrington @ ENRON                           07/20/2000 03:17
PM

To: Hunter S Shively/HOU/ECT@ECT
cc: John P Tollefsen/HOU/ECT@ECT, Don Adam/Corp/Enron@ENRON
Subject: HP 9100C Digital Sender

Hunter:

The equipment is installed behind Rain's desk and the network port has been
made active.  The Server Team has to activate the sender, but they're running
some printer issues this afternoon, and may not be able to get to it today.
I am leaving for vacation today so the Remedy ticket # is: 170276.  You can
call x34888 and reference the ticket number for tracking while I'm gone.  The
Team Lead for Trader Support on your floor is Don Adam, and he may be able to
help facilitate a resolution for you if nothing happens by tomorrow afternoon.

Regards,

Steve


Alternate times are 2 to 3 or 3 to 4.


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Mark,

I am not sure I follow this but I will attempt to present my interpretation
of your note.

I am only restrained from trading those items in clause one if I am
responsible for trading them at Enron, and "equities" falls under
"securities" in clause one.
"Equities" fall under clause one and are therefore not included in clause
two. Therefore, since I do not trade equities for Enron, I can trade them on
my personal account.

Brent Crude futures, I would argue, are "financial instruments," included in
clause one. I am not responsible for trading them for Enron. If they fall
under clause one they are not included in clause two. Does this mean, since
they are not in clause two and I do not trade them for Enron, I can trade
them on my personal account?

Perhaps you could give me a call, +44 207 783 4928.

Thank you,

Dave

From: Mark Taylor on 10/11/2000 15:56 CST
To: Cassandra Schultz/NA/Enron@ENRON
cc: David Redmond/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Peter
Crilly/LON/ECT@ECT, Richard Lewis/LON/ECT@ECT

Subject: Re: issue w/compliance ertificate

This issue was much easier when all we traded were energy commodities,
interest rates and currencies. The older versions of the policy provided that
no Enron employee may trade any energy commodity for the account of anyone
other than Enron.  Beyond that, no Enron employee could trade a commodity
which was within their area of responsibility.  For example, I was not
permitted to trade natural gas futures for my own account but, since interest
rates and currencies are not within my area of responsibility, I could trade
them.  As the scope of our trading activities expanded it became more
difficult to identify the scope of the company's concern, much less to
articulate it.  We did however take a stab at it and the result is below.
This may be an area which could stand some clarification in the next version
of the Policy.

For now, I would suggest that the term "security" highlighted below should be
read to include equities and therefore not one of the commodities covered in
the second numbered clause (i.e. the word "other" refers to items other than
those listed in clause (i)).  The result is that an Enron employee who does
not trade financial instruments, securities, financial assets or liabilities
for Enron may trade them for his or her own personal account.  To take this a
step further, one could argue that an employee who trades the equities of
energy companies for Enron should not trade energy company equities for his
or her own account but could trade other equities - if it were me, I would
certainly make sure that Ted Murphy agreed with my analysis before I did it.
Of course, a wide variety of commodities remain clearly off limits for
personal trading - metals, ag commodities, bandwidth, freight, lumber, among
many others - for all employees.  As I remember it, this was done purposely
and if anyone disagrees with the scope of the policy they would be wise to
discuss the matter with the RAC Group as they make suggestions for Policy
revisions to the Enron Corp. board.

Employee Trading.  No employee of any Enron Business Unit may engage in the
trading of any Position for the benefit of any party other than an Enron
Business Unit (whether for their own account or for the account of any third
party) where such Position relates to (i) any financial instrument, security,
financial asset or liability which falls within such employee,s
responsibility at an Enron Business Unit or (ii) any other commodity,
included in any Commodity Group.

	Cassandra Schultz@ENRON
	11/08/2000 08:32 AM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: David Redmond/LON/ECT@ECT, Richard Lewis/LON/ECT@ECT, Peter
Crilly/LON/ECT@ECT, Paul Simons/LON/ECT@ECT
		 Subject: issue w/compliance ertificate

To: Mark Taylor,  Legal counsel for Market Risk Management

Mark - would you please clarify this issue for us?

Thank you,
Cassandra Schultz.
---------------------- Forwarded by Cassandra Schultz/NA/Enron on 11/08/2000
08:26 AM ---------------------------

David Redmond@ECT
11/08/2000 03:05 AM
To: Cassandra Schultz/NA/Enron@ENRON
cc: Araceli Romero/NA/Enron@Enron, Richard Lewis/LON/ECT@ECT, Peter
Crilly/LON/ECT@ECT

Subject: Re: 3rd Request - RESPONSE NEEDED ASAP - Risk Mgmt. Compliance
Certificate

Cassandra,

Richard asked me to review this document before the traders on the UK Gas
Desk would sign it.

The UK gas desk adheres to all the risk management requirements of this
document. However, in Section VII , Miscellaneous, Employee Trading, the
document would appear to prevent any of us trading equities (amongst other
commodities) on our personal account as Equity Trading is a Commodity Group.
We are unsure if this is the aim of this agreement.

We have asked our compliance officer, Paul Simons to clarify the impact of
this clause for us.

We are not ignoring the document, we are waiting for clarification.

Thank you,

David Redmond


Start Date: 4/10/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041008.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: CISO_EPMI_BUNNY
  ENGY_TYPE: NFRM
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/10/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM


FYI.

-----Original Message-----
From: Hrach, April
Sent: Wednesday, September 19, 2001 4:00 PM
To: Alamo, Joseph; Brodbeck, Kelly; Browner, Victor; Calvert, Gray;
Carranza, Octavio; Danielson, Michael; Dasovich, Jeff; Deane, Ryan;
Dyer, Laird; Fillinger, Mark; Fukada, Cary; Ha, Vicky; Hrach, April;
Kelly, Derek; Kromer, Steve; Ly, Aandy; Mara, Susan; Mcdonald, Michael;
Mentan, Ronald; O'Neal, Aida; Parquet, David; Perrino, Dave; Petrochko,
Mona L.; Qureishi, Ibrahim; Russell, Dean; Schoen, Mary; Sezgen, Osman;
Tully, Mark; Turnipseed, Edith; Wehn, Samuel; Wong, Michael; Zavala,
Cristina
Subject: Candle Memorial Tonight

A formal request from NASA:

10:30 EASTERN TIME.... 9:30 Central, 8:30 Mountain, 7:30 Pacific

NASA has asked that everyone step out on their lawns tonight at 7:30 PDT and
light a candle.   They will be taking a satellite picture of the US and
posting it on the news tomorrow morning.

Please pass this on to as many people as possible.


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


ON THE GRID OR OFF THE GRID
Bigger Is Better
An interstate electricity highway could leverage economies of scale to keep
the lights on Burton A. Weisbrod, Glen E. Weisbrod
Sunday,?February 25, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/02/25/S
C177059.DTL
WE COULD HAVE left it to the states. When the Interstate Highway System was
proposed nearly 50 years ago, we could have said, "Leave it to each state to
decide on its roads and to pay for them, or leave it to private enterprise to
build toll roads wherever it is profitable." Fortunately, we didn't.
Today, vehicles can travel throughout the country on a system of integrated
high-capacity roads that crisscross the nation. There are many differences
between the flow of cars or trucks and the flow of electricity. But just as
the Interstate Highway System ushered in a new era of easier movement of
people and goods across the states, allowing enormous economic and social
gains, so, too, do we now need to overcome the obstacles to the easy flow of
power across state lines.
Many forces are at work contributing to California's electricity crises, and
power shortages in other parts of the country also are quite possible. The
growth of population and industry in California has expanded demand for
electricity. Legislative constraints, reflecting environmental protection and
other concerns, have discouraged construction of electricity-generating
plants.
Periodic shutdowns of generation plants for maintenance have caused short-
term power shortages. And, in an oddity of California law, the prices that
power producers can charge distributors are deregulated, while the prices
that those distributors can charge consumers are regulated and restricted.
But largely missing from the debate of what can be done to balance supply and
demand is discussion of an effective national power grid that would permit
substantial amounts of electricity to flow, as highway traffic does, from one
state to another.
Interstate transmission connections do exist now, but are limited in
capacity. They were primarily designed to meet temporary needs associated
with local power emergencies, not for sustained use. If those interstate
lines were upgraded to greater capacity, then we could move toward actually
creating a national power grid.
An effective national power grid could result in far more competition among
producers of electric power across the nation, and far more options to meet
demand in any local area. No state or region would need to depend simply on a
small number of generating producers within its borders, and the increased
number of interstate competitors would bring greater assurance of supply and
lower prices.
The underlying problem is basically one of incentives. With the maze of
state, and federal regulations on the production, distribution and pricing of
electricity, there is great risk and little incentive for private
construction of costly transmission lines that cross multiple state borders.
Imagine a power plant in state A, but near state B, with that plant
occasionally having excess production capacity. There is no market for the
power in state B, but there is demand for it in state C, which is adjacent to
it. In a smoothly functioning, efficient, power transmission system, power
would move from the generating plant in state A, across the border for use in
state B, thereby permitting deals so that power produced in that area could
be sent to state C. Through such a domino-like process, power available in
one region effectively can help alleviate a shortage in another area - with
only a series of relatively short-distance transmissions.
Development of such an integrated electricity transmission network is what
the federal government can and should foster. It would strengthen the nation;
it would expand options for users; it would increase competition among
suppliers, to the benefit of consumers; it would overcome the multiplicity of
state regulations that have the effect of restricting incentives for
profitable interstate power transmission.
The Interstate Highway System did not solve all the problems of the nation's
escalating population of cars, and it was not cheap. But, designed to
maximize interconnections between metropolitan areas, with ample systemwide
capacity to spare, it did transform the country, binding the 48 contiguous
states into an integrated whole.
The effect: reduced costs and increased "exports" of California fruits and
vegetables to the Midwest, and reduced costs, along with increased exports of
Midwest manufactured products to the West.
Just as it does not make sense for every state to act like a separate
country, building roads just for its own residents, or growing all of its own
food supply, it is equally inefficient for each state to independently
develop its own power supply. It is foolish to find electricity producers in
one state claiming that they should not "help out" consumers in another
state.
A nationwide system would take better advantage of differential electricity
demand in various parts of the country, seasonally and even in the course of
a day.
To consumers and industrial users in California, the effects of a national
electricity transmission grid would be real and enduring, but not
spectacular. It would, however, go far to achieving the quiet result that
every consumer seeks - lower prices, more reliable electric power supplies.
There is no single solution to California's energy crisis, but developing a
national interstate electricity highway system would go far toward addressing
it. Local power distribution within a state would remain a matter of state
control. The federal government's role would be largely to provide financial
incentives for constructing additional interstate transmission capacity, and
to establish standards for its design and utilization - just as is the case
with the Interstate Highway System.
A survey of history and government professors conducted by the Brookings
Institution last year identified the Interstate Highway System as one of the
Top Seven governmental achievements of the last 50 years - along with
rebuilding Europe after World War II and expanding the right to vote. An
interstate electricity highway system could well be among the top
achievements of government in the next half-century.
MACRO POWER TRANSMISSION
WE HAVE AN ELECTRIC power crisis in California. In fact, we have two
problems: a short-term problem and a long-term problem.
Short term, the problem, from the consumer perspective, is:
-- Soaring electricity bills.
-- Fear of paying the mounting debts being incurred by electricity
distributors such as Pacific Gas and Electric Co. either in rate increases or
higher taxes.
-- The threat, and to some users the reality, of no lights, no refrigeration,
no heat.
These concerns are real and severe. But they are merely symptoms of a serious
long-term crisis: Incentives to the power industry are wrong!
As Adam Smith reminded us over two centuries ago, we do not look to the good
intentions of sellers to get them to serve the public interest; we look to
their self interest. Then, as today, wise public policy calls for aligning
the two, by providing incentives for the development of an electricity system
that provides power that is dependable, is produced efficiently and is
distributed competitively, so that prices are low.
This long-term problem will not be solved by the series of Band-Aids that
governmental officials and power producers and distributors are skirmishing
over. Now is the time to develop a long-term plan.
Two elements of a long-term plan for efficient and reliable electricity are
clear:
-- Electricity self-sufficiency for each state is bad policy. It is easy to
think that dependency on power imports from other states is a root problem.
It is not. Trade and competition mean access to more producers, and that can
bring efficiency in electricity no less than in food, electronics or autos,
as low-cost sources are utilized. (Promoting more interstate options does not
preclude building more local generation, and small, "micro" electricity
generating units do have a role as part of an overall electricity policy.
However, the advantage of their flexibility must be balanced against their
generally higher cost for meeting predictable long-term demand.)
-- Incentives are needed to encourage investment in electricity transmission.
It does no good to have low-cost power production unless the power can reach
users. This is why the federal government has such an important role to play
in financially encouraging and supporting a national interstate power highway
system.
--Burton A. Weisbrod and Glen E. Weisbrod
Burton Weisbrod is John Evans Professor of Economics and Fellow, Institute
for Policy Research, Northwestern University, and a former senior staff
economist on the Council of Economic Advisers to Presidents Kennedy and
Johnson. Glen Weisbrod, his son, is president of Economic Development
Research Group Inc. in Boston.
Burton Weisbrod is John Evans Professor of Economics and Fellow, Institute
for Policy Research, Northwestern University, and a former senior staff
economist on the Council of Economic Advisers to Presidents Kennedy and
Johnson. Glen Weisbrod, his son, is
,2001 San Francisco Chronicle ? Page?WB1

Governor Calls for 10% Cut In Usage
On national TV, Davis increases goal on energy
Tanya Schevitz, Chronicle Staff Writer
Monday,?February 26, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/02/26/M
N44189.DTL
Signaling a greater urgency in California's power crisis, Gov. Gray Davis
said yesterday that keeping the lights and air conditioners running this
summer will require every Californian to reduce electricity usage by about 10
percent.
In addition, he said, the state must get more electrical power online by
then.
His call for a 10 percent cut is a significant jump from the 7 percent he was
asking for during his State of the State speech last month, and it may be a
difficult stretch for consumers. Davis made his remarks on NBC's news show
"Meet the Press."
State Sen. Don Perata, D-Oakland, praised the governor's statement on
national television.
"The most important thing right now is that the governor said that, because
there has been general skepticism statewide, reflected both in anecdotes and
public opinion polls, that we are in fact facing a crisis," Perata said. "If
you don't believe, you won't conform, you won't respond."
But, he said, Davis will not get the conservation he wants unless consumers
are given financial incentives. Perata said he will propose legislation today
to give $1 billion to customers who cut down on their electricity use during
the summer months.
Severin Borenstein, director of the Energy Institute at the University of
California at Berkeley, said if temperatures soar this summer, it will take a
"huge effort" to keep the state at safe electricity levels.
NEED FOR CONSERVATION
"We are in big trouble," Borenstein said. "That doesn't mean we can't avoid
blackouts -- that means we will have to take serious measures."
The needed steps include instituting variable prices for commercial and
industrial users that reflect the supply and demand at any given hour and
hooking up air conditioners to cycling systems, he said. For residential
users,
he said, it will mean increases for use above a certain level.
Forecasters predict a shortfall of at least 5,000 megawatts this summer, but
the state got some good news Thursday when the California Independent System
Operator, which coordinates the flow of electricity through the state's power
grid, removed all power alerts for the first time in more than a month.
Lorie O'Donley, a spokeswoman for the California ISO, said that she does not
expect any changes today but that it is too early to make any predictions
about the summer power situation.
"We still need to check the snowpack and the hills and the hydro situation in
the state," O'Donley said. "Conservation is a big part of it, and whatever
people can do to step up their conservation efforts will be a huge factor in
avoiding blackouts."
GOVERNOR DODGES BLAME
Davis appeared on "Meet the Press" while visiting Washington, D.C., for a
meeting of the National Governors Association and a concurrent meeting of the
Democratic Governors Association, which he chairs. With him on the program
were Sen. John Kerry, D-Mass., Sen. Pete Domenici, R-N.M., and Republican
Gov. Mike Huckabee of Arkansas.
Davis took the opportunity of the high-profile television show to tell East
Coast decisionmakers and Wall Street analysts that the blame for the state's
energy crisis does not lie with him and to reassure them that he is taking
solid steps to resolve the problem.
"Both President Bush and I inherited California, a flawed deregulation
system," he said during the broadcast. "Secondly, no major plant has been
built in California prior to my governorship for 12 years."
He outlined some solutions, including the approval of nine new power plants,
with six under construction and three expected to be online this summer, and
14 more in the pipeline.
In a slip of the tongue, Davis said on yesterday morning's broadcast that
consumers would need to cut electricity use to only 10 percent of last year.
"It will require every Californian using about 10 percent of the electricity
than they did the year before and a little luck in getting some extra
megawatts on line this summer," Davis said.
What he meant, a spokesman said, was they had to cut use by 10 percent.
Still, that will require significant sacrifice.
In addition, Davis has said that he wants to add 5,000 megawatts of power --
enough for 5 million homes -- by summer. He has promised to speed up the
approval process and provide bonuses to builders who finish before July.
The state also established an $800 million conservation program this year.
But Borenstein said that many of the ideas floating around for spending the
conservation money are for efforts that would not help for about another
three years.
ON NATIONAL MATTERS
During yesterday's show, Davis also weighed in on President Bush's tax-cut
proposal and former President Bill Clinton's controversial last-minute
pardons.
The administration should wait for a tax cut until the money is available, he
said.
"All of us who have been in government for a while have seen the roller-
coaster ride of surpluses and then shortages and surpluses and shortages," he
said. "Clearly, people need tax relief, but it should be moderated to the
point where we don't kill the golden goose, which is a strong, growing
economy. "
Although he received a significant campaign donation from the father of
Carlos Vignali, the Los Angeles drug kingpin, Davis told show host Tim
Russert that he never spoke with the family about the presidential pardon
Vignali received on Clinton's last day in office.
Davis said he did not have enough information to know whether the pardon was
a mistake, but, he said, "there's something about them in general that
doesn't ring right."
"However," he said, "people expect us to focus on things that matter to them,
and they really want to see progress on education, the environment, tax
relief, health care."
Asked by Russert whether he is going to run for president in 2004, Davis did
not rule it out but said that only re-election to the governorship in 2002 is
on his horizon.
"I'm focused on keeping the lights on and making our schools better," he
said.
E-mail Tanya Schevitz at tschevitz@sfchronicle.com.
,2001 San Francisco Chronicle ? Page?A1


----- Original Message -----
From: "Mark Woita" <Mark.Woita@FHLBTopeka.com>
Sent: Friday, October 19, 2001 3:03 PM
Subject: on the lighter side ...


Dorice,

Please fax the bill to me at 713-646-3490 and just put the original in the
regular interoffice mail.

My RC is 1157

Thanks for your help.

Mark

Dorice Cheong
05/06/99 05:41 AM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Registered mail

Dear Mark,
Just received confirmation that the other Mark Taylor from London has left
Enron. Hence the letter must be for you. As per your instruction, I opened
the said letter and found that it's a bill from them - Crawford Bayley & Co -
asking for payment (re: derivative).
Kindly advise if you want me to fax the letter to you or if you prefer it to
be mailed / couriered over. Appreciate if you could furnish me with your fax
and RC numbers as well.

Thanks,
Dorice.


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 05/30/2000
09:06 AM ---------------------------

"Jacqueline Blanchard" <Jacqueline.Blanchard@dvn.com> on 05/30/2000 08:46:45
AM
To: <Ami.Chokshi@enron.com>
cc:

Subject: SMI 23

Ami,

Please be advised of the revised availability on SMI 23. Please see attached
sheet.

Thank you,

Jacqueline Blanchard
Contract Analyst
Devon Energy Corporation
(405) 228-4204
(405) 552-4664
jacqueline.blanchard@dvn.com
 - TEXT.htm
 - SMI 23.xls


On November 17, 2001 between 01:00 and 05:00 Entergy will be switching to an OASIS node provided by ESCA. During the outage customers will NOT have access to the current OASIS site provided by MAIN. Once the OASIS comes back online there will be a link at the current OASIS site provided by MAIN that will direct customers to the new OASIS site provided by ESCA. Once the new OASIS node is up, the customers should not have any trouble accessing the site.

You have received this email because your email address is listed as a valid customer email with Tradewave.  If you feel you have received this email in error, please contact your system administrator and have your profile changed or removed from Tradewave.

Entergy Transmission Operations


I like that much better...super.

 -----Original Message-----
From: 	Symes, Kate
Sent:	Wednesday, November 21, 2001 7:39 AM
To:	Williams III, Bill
Subject:	RE: Goals & Accomplishments 2001 - First Draft

I think that's what I gave you. I just didn't know what to call it. You can just imagine the subject of my e-mail was "Quick Outline of Duties."

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Wednesday, November 21, 2001 6:28 AM
To:	Symes, Kate
Subject:	RE: Goals & Accomplishments 2001 - First Draft

 I appreciate the goals and accomplishments, I was looking more for a quick outline of duties. This should work though.
Thanks,
Bill

 -----Original Message-----
From: 	Symes, Kate
Sent:	Tuesday, November 20, 2001 4:30 PM
To:	Williams III, Bill
Subject:	Goals & Accomplishments 2001 - First Draft

Bill -

Here's an initial draft of my daily activities and accomplishments. Please let me know if there is anything you'd like me to elaborate upon. I did this fairly quickly, so I may be adding to it on Wednesday.

Thanks,
Kate

 << File: Goals & Accomplishments 2001.doc >>


I couldn't send myself a net send.  Guess I'll just have to talk to myself
the old fashioned way.
RR

Gabriel Monroy
11/16/2000 07:19 AM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: It worked

Thank you, it worked
 MS DOS definitely does not work for me anymore. It is weird because it works
when I send myself a message. Try sending yourself a message to see what
happens. Let me know.

Have you kept up with any new information about Risk people? You know what I
mean right ?

Gabriel


We have been getting questions about the ability of potential customers to
sell power onto the grid to EPMI.  Below is a brief outline of the FERC
licenses required.  Customers other than those listed below (including non-QF
industrial on site generators) need a power marketer license from FERC.  In
most cases, such customers do not need to file for EWG status (unless their
primary business is as a utility, like Enron).

In addition, both EPMI and EES filed at FERC for authorization to perform
certain power marketer license functions on behalf of industrial on-site
generation customers.  We expect the authorization within a month.  I'll let
you know when we receive it and what we can do for customers.

---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/18/2001
05:22 PM ---------------------------

"Andrea Settanni" <asettanni@bracepatt.com> on 04/18/2001 05:17:11 PM
To: <christi.l.nicolay@enron.com>
cc: "Dan Watkiss" <dwatkiss@bracepatt.com>

Subject: Entities that do not need power marketing authorization

Christi-

This email briefly responds to your question whether state agencies or
municipalities and qualifying facilities ("QFs") must obtain power marketing
authorization.  The answer is no.

With regard to state agencies or municipalities, section 201(f) of the
Federal Power Act ("FPA") states that no provision of Part II of the FPA,
which governs the regulation of electric utility companies engaged in
interstate commerce, "shall apply to, or be deemed to include, the United
States, a State or any political subdivision of a state, or any agency,
authority, or instrumentality of any one or more of the foregoing, or any
corporation which is wholly owned, directly or indirectly, by any one or more
of the foregoing, or any officer, agent, employee of any of the foregoing
acting as such in the course of his official duty, unless such provision
makes specific reference thereto."

Section 205 of the FPA, which would would otherwise require an entity to have
rates for wholesale sales of power on file with FERC, does not apply to state
agencies and municipalities.

With regard to whether QFs need power marketing authorization, most QFs are
exempt (some small power production facilities are not exempt) from most
provisions of the FPA, including section 205, which requires public utilities
making sales of electric energy for resale in interstate commerce to file
rate schedules with FERC.  QFs are instead regulated under PURPA, which
authorizes utilities to purchase power from QFs at the purchaser's avoided
cost.  FERC decisional precedent indicates that a QF can lawfully sell at
market-based rates without seeking market-based rate authorization from FERC,
but that it may nevertheless be prudent for a QF to seek FERC acceptance of a
market-based rate schedule that would provide protection in the event QF
status is lost.

Let me know if you need anything else.

Andrea M. Settanni
Bracewell & Patterson, L.L.P.
2000 K Street, N.W.
Suite 500
Washington, D.C.  20006-1872
(202) 828-7631 (phone)
(202) 857-2128 (fax)
asettanni@bracepatt.com


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/12/2001 05:05
PM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/12/2001 04:46:26 PM
To: "'gregorylang@paulhastings.com'" <gregorylang@paulhastings.com>,
"'rvicens@deltapower.com'" <rvicens@deltapower.com>
cc: "'kay.mann@enron.com'" <kay.mann@enron.com>, "Keffer, John"
<JKeffer@KSLAW.com>

Subject: FW: Salmon Energy Turbine Agreement

Gentlemen:

On behalf of Enron North America Corp., and pursuant to Section 4(b) of the
Letter Agreement dated April 4, 2001 between Enron North America Corp. and
Pegasus Power Partners, LLC, we have enclosed the final form of the Turbine
Contract to be executed by and between GE Packaged Power, Inc. and Salmon
Energy LLC pertaining to the purchase of four turbines, together with a
blacklined copy marked to reflect changes from the form of agreement
attached as Exhibit B to the Letter Agreement and which was furnished to you
by e-mail on April 3, 2001 from Kay Mann.  If we may be of any further
assistance, please contact me.  Thank you.

Carolyn M. Campbell
King?& Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

(See attached file: Comparison of Salmon Energy Agreement, Versions 3 to
4.DOC)
(See attached file: Salmon Energy Agreement - Version 4.DOC)

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - Comparison of Salmon Energy Agreement, Versions 3 to 4.DOC
 - Salmon Energy Agreement - Version 4.DOC


Please put this on my calendar.  I assume that this every other week meeting
will replace the weekly Friday meeting.  Thanks.
---------------------- Forwarded by Sally Beck/HOU/ECT on 08/15/2000 03:28 PM
---------------------------

David W Delainey
08/15/2000 02:05 PM
To: Tim Belden/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, John
Arnold/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT,
Phillip K Allen/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Christopher F
Calger/PDX/ECT@ECT, W David Duran/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT,
Jeff Donahue/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, C John
Thompson/Corp/Enron@ENRON, Scott Josey/Corp/Enron@ENRON, Rob
Milnthorp/CAL/ECT@ECT, Max Yzaguirre/NA/Enron@ENRON, Beth
Perlman/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, David
Oxley/HOU/ECT@ECT, Joseph Deffner/HOU/ECT@ECT, Jordan Mintz/HOU/ECT@ECT, Mark
E Haedicke/HOU/ECT@ECT
cc: Mark Frevert/NA/Enron@Enron, John J Lavorato/Corp/Enron@Enron
Subject: ENA Management Committee

As part of the restructuring between ENA and Global Markets and consistent
with the view to increase our focus on building our core gas and power
business, we have decided to re-formulate the ENA Management Committee.  As
part of this change, each of you are invited to participate in dialogue and
decisions which will impact the overall course of our business. Ultimately,
this group is responsible for the overall financial performance and strategic
direction of ENA.  The only structural committment to your time will be a
pre-scheduled Management Committee meeting every second Friday afternoon
starting at 2:30 PM until 4:30PM in 30 C2 (video conference room).  The
Portland, Canadian and Mexican offices can connect via video conference.  The
meetings wil focus on financial targets, deal flow, market opportunities,
staffing and strategic direction.  The first meeting will be scheduled on
this Friday.

Everybody should make a serious committment to attend, to stay for the entire
meeting and to be on time.

Regards
Delainey


Master Netting Group:

I just want to personally thank all of you for all of your hard work the past few weeks in addressing our counterparties' requests for Master Netting Agreements.  We have been able to sign up a number of them as a result of your efforts and have managed to keep certain counterparties from cutting us off in trading.  	Thanks again for your efforts and for putting up with one fire drill after another!  Hopefully we all learned alot in the process.

Carol St. Clair
EB 4539
713-853-3989 (phone)
713-646-8537 (fax)
281-382-1943 (cell phone)
8774545506 (pager)
281-890-8862 (home fax)
carol.st.clair@enron.com


It seems like several of you will be on vacation next week, so lets see if
we can do it this week.  Vince is available on Thursday from 2:00 - 3:00 PM
or Friday, from 1:30 - 2:30 PM.

Do either one of these two times work?

Let me know.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 12/12/2000
10:56 AM ---------------------------

Shirley Crenshaw
12/12/2000 09:20 AM
To: Christie Patrick/HOU/ECT@ECT, James L Bouillion/HOU/ECT@ECT, George
Carrick/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Follow-up Meeting on Wharton

Good morning everyone:

Vince would like to schedule a follow-up meeting on Wharton as soon as
we can agree on a time.

How does Monday the 18th look for you?  Vince is free from 9:30 AM -
11:30 AM and from 1:00 PM - 4:00 PM.

Please let me know if you are available during any of these times.

Thanks!

Shirley Crenshaw
3-5290


-----Original Message-----
From: 	Farrell, Keegan
Sent:	Tuesday, August 07, 2001 1:47 PM
To:	Gray, Barbara N.
Subject:	Enron Painting

Do you remember when we were all at Grappino's for HPL, and Brian Redmond asked me how I would depict Enron in a painting?  I thought about it for a few days, and came up with this painting, which I call "Endless Possibilities".  See what you think.


FYI, I will be out of the office on vacation from Thursday, May 31st -
Tuesday, June 5th.  Please contact Sharon Hausinger (x37762) if you need any
assistance during that time.

Regards,
Rebecca


Subject: Fwd[2]:GREAT STORY:SHAKE & STEP

This is a great story so I hope you'll take the time to read it when you
can.
However, I disagree with the coupling it with our faith in Jesus.  My
friends it
begins with our faith in Jesus.

>
>This is a great story and when we couple it with our faith in Jesus Christ
>and His ability to help us endure successfully, it is even greater!!
>
>>
>> > > > This parable is told of a farmer who owned an old
>> > mule.
>> > > >
>> > > > The mule fell into the farmer's well. The farmer
>> > heard the mule
>> > 'praying'
>> > > > -or- whatever mules do when they fall into wells.
>> > > >
>> > > > After carefully assessing the situation, the farmer
>> > sympathized with the
>> > > > mule, but decided that neither the mule nor the well
>> > was worth the
>> > trouble
>> > > of
>> > > > saving....so instead, he called his neighbors
>> > together, told them what
>> > had
>> > > > happened...and enlisted them to help haul dirt to
>> > bury the old mule in
>> > the
>> > > > well and put him out of his misery.
>> > > >
>> > > > Initially, the old mule was hysterical! But as the
>> > farmer and his
>> > > neighbors
>> > > > continued shoveling and the dirt hit his back...a
>> > thought struck him. It
>> > > > suddenly dawned on him that every time a shovel load
>> > of dirt landed on
>> > his
>> > > > back...HE WOULD SHAKE IT OFF AND STEP UP!
>> > > >
>> > > > This he did, blow after blow. "Shake it off and step
>> > up...shake it off
>> > and
>> > > > step up...shake it off and step up!" He repeated to
>> > encourage himself.
>> > > > No matter how painful the blows, or how distressing
>> > the situation seemed
>> > > the
>> > > > old mule fought "panic" and just kept right on
>> > SHAKING IT OFF AND
>> > STEPPING
>> > > > UP!
>> > > >
>> > > > It wasn't long before the old mule, battered and
>> > exhausted, STEPPED
>> > > > TRIUMPHANTLY OVER THE WALL OF THAT WELL!
>> > > >
>> > > > What seemed like it would bury him actually helped
>> > him...all because of
>> > > the
>> > > > manner in which he handle his adversity. THAT'S LIFE!
>> > > >
>> > > > If we face our problems and respond to them
>> > positively, and refuse to
>> > give
>> > > > in to panic, bitterness, or self-pity ...
>> > > >
>> > > > THE ADVERSITIES THAT COME ALONG TO BURY US USUALLY
>> > HAVE WITHIN THEM THE
>> > > VERY
>> > > > REAL POTENTIAL TO BENEFIT US!
>> > > >
>> > > > Never be afraid to try something new.
>> > > >
>> > > > Remember that 'amateurs built the Ark, professionals
>> > built the Titanic'.
>> > > >
>> > >
>


This confirm is ready for execution.


We received today a copy of the signed Confidentiality Agreement with the
Public Staff, so you will know who has access to the material you are
providing.

Jonathan is attaching it to the copy of the memorandum on North Carolina's
Public Records law which he will be sending you tomorrow.


Jeff Richter - all deals are on peak - do not recognize Sunday off-peak hours

Chris Mallory - 523831 changed to Bloomberg deal

Matt Motley - 524308 in trade log as buy Aquila/May-01/25 mw/Prebon at
$260.00 - Matt is tied up in conference right now, but judging from the other
May deals in his blotter and from his curves, this price is correct. $160 is
about $100 less than anything else trading at that time. Ask Prebon where
they got that from...

Thanks,
Kate

Evelyn Metoyer@ENRON
02/15/2001 02:12 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/15 Prebon Checkout

Jeff Richter
Deals 523875, 523876, 523879, 523880, 523883, and 523884
Error: Per Prebon the term should be for 2/17 only for all of these deals.

Chris Mallory:
Deal 523831
Error:  Prebon does not recognize

Mike Driscoll/Mike Swerzbin
I am missing the following deal:
Enron buys from Aquila 25 mw May'01  Palo Verde at $160.00


PLEASE REMOVE ME FROM THIS DISTRIBUTION LIST AS THIS IS THE EIGHTH ONE I'VE
RECEIVED THIS MORNING.  THANK YOU.

	Yan Jin@ENRON COMMUNICATIONS
	04/11/01 09:24 AM

		 To: Chad Landry/HOU/ECT@ECT@ENRON
		 cc: All Enron Employees United States@ENRON,
IMCEANOTES-iBuyit+40ENRON@ENRON.com@ECT@ENRON, Sheila A
Knudsen/ENRON@enronXgate
		 Subject: Re: Recall: Reply Requested: Do You Code Or Approve Invoices?