Vance,

Did you find out anything about the purchase from United Oil & Minerals at
meter 9707?

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 10/03/2000 11:34
AM ---------------------------
Aimee Lannou   10/03/2000 11:26 AM

To: Daren J Farmer/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT
Subject: Re: Meter 9707

FYI - there is flow for 10/2 as well.

AL

Daren J Farmer
10/02/2000 02:23 PM
To: Aimee Lannou/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT
Subject: Re: Meter 9707

I rolled this deal for day one in October only.

Bob - Please check with Vance on this deal.  Has it terminated or should it
roll for October.  I don't think that Vance nom'd anything.

D

Aimee Lannou   10/02/2000 10:49 AM

To: Daren J Farmer/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT
cc:
Subject: Meter 9707

Daren - Meter 9707 has flow for Oct. 1 (1.459mmbtu).  Deal # 125786 was used
for Sept. 2000.  Could you please extend the deal or have a new one
created?    Thanks.

AL


Vince, thank you so much for your generous pledge.  Please make your check
payable to "National MS Society," and send it to me at EB5008A at your
convenience.  Thanks again, SRS

Vince J Kaminski@ECT
03/30/2000 09:02 AM
To: Sherri Sera/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT

Subject: Re: Jeff Skilling does MS150

Sherri,

I can pledge $2 per mile.

Vince

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           03/29/2000 11:13 AM

To: J Mark Metts/NA/Enron@Enron, Dolores Fisher/NA/Enron@Enron, Jeffrey
Sherrick/Corp/Enron@Enron, Christina Grow/Corp/Enron@Enron, Kenneth
Lay/Corp/Enron@Enron, Jeff Skilling/Corp/Enron@ENRON, Joseph W
Sutton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff Baxter/HOU/ECT@ECT,
Sanjay Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick Buy/HOU/ECT@ECT,
Richard Causey/Corp/Enron@ENRON, Diomedes
Christodoulou/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, James
Derrick/Corp/Enron@ENRON, Andrew S Fastow/HOU/ECT@ECT, Peggy
Fowler/Enron@Gateway, Mark Frevert/LON/ECT@ECT, Kevin Hannon/Enron
Communications@Enron Communications, Ken Harrison/Enron@Gateway, David
Haug/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Hirko/Enron
Communications@Enron Communications, Stanley Horton/Corp/Enron@Enron, Kurt S
Huneke/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Larry L
Izzo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J Kean/HOU/EES@EES, Mark
Koenig/Corp/Enron@ENRON, Rebecca P Mark/HOU/AZURIX@AZURIX, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/HOU/ECT@ECT, Lou L Pai/HOU/EES@EES, Ken Rice/Enron
Communications@Enron Communications, John Sherriff/LON/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Thomas E White/HOU/EES@EES, Brenda
Garza-Castillo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marcia
Manarin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Skarness/HOU/ECT@ECT,
Stacy Guidroz/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Beena
Pradhan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Karen K Heathman/HOU/ECT@ECT,
Sharron Westbrook/Corp/Enron@ENRON, Molly
Bobrow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rosane
Fabozzi/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephanie
Harris/Corp/Enron@ENRON, Bridget Maronge/HOU/ECT@ECT, Mary
Trosper/Enron@Gateway, Nicki Daw/LON/ECT@ECT, Carol Ann Brown/Enron
Communications@Enron Communications, Dolly Henrici/Enron@Gateway, Ann
Joyner/Corp/Enron@ENRON, Elaine
Rodriguez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Nancy Young/Enron
Communications@Enron Communications, Cindy Stark/Corp/Enron@ENRON, Sherryl
Stone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mary E
Garza/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Maureen McVicker/HOU/EES@EES,
Joannie Williamson/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@Enron, Marsha
Lindsey/HOU/AZURIX@AZURIX, Cathy Phillips/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue Ford/HOU/ECT@ECT, Karen
Owens/HOU/EES@EES, Dorothy Dalton/Enron Communications@Enron Communications,
Lauren Urquhart/LON/ECT@ECT, Pam Benson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Liz M Taylor/HOU/ECT@ECT, Judy G Smith@EES, Katherine Brown/Corp/Enron@ENRON,
Vanessa Groscrand/Corp/Enron@Enron, Cindy Olson/Corp/Enron@ENRON, Bobbie
Power/Corp/Enron@ENRON
cc: Danny McCarty/LON/ECT@ECT, Philippe A Bibi/HOU/ECT@ECT, David W
Delainey/HOU/ECT@ECT, Mark E Haedicke/HOU/ECT@ECT, Michael
Kopper/HOU/ECT@ECT, John J Lavorato/CAL/ECT@ECT, Jere C Overdyke/HOU/ECT@ECT,
Greg Piper/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Richard
DiMichele/Enron Communications@Enron Communications, Jay
Fitzgerald/Corp/Enron@ENRON, Jim Fallon/HOU/ECT@ECT, Rebecca
Carter/Corp/Enron@ENRON, David Cox/Enron Communications@Enron Communications,
Tom Gros/Enron Communications@Enron Communications, Marty Sunde/HOU/EES@EES,
Dan Leff/HOU/EES@EES, Jim Crowder/Enron Communications@Enron Communications,
Mary Ann Long/Enron Communications@Enron Communications, Charlene
Jackson/Corp/Enron@ENRON, Jeremy Blachman/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Michael Burke/Houston/Eott@Eott, John B
Echols/HOU/EES@EES, Gene Humphrey/HOU/ECT@ECT, Drew C Lynch/HOU/ECT@ECT,
Amanda K Martin/HOU/AZURIX@AZURIX, Ted Murphy/HOU/ECT@ECT, Mark
Palmer/Corp/Enron@ENRON, Paula Rieker/Corp/Enron@ENRON, Rob
Walls/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Berberian/Enron
Communications@Enron Communications, Scott Yeager/Enron Communications@Enron
Communications, Stephen Barth/Enron Communications@Enron Communications, John
Bloomer/Enron Communications@Enron Communications, Kenny Burroughs/Enron
Communications@Enron Communications, Kevin Garland/Enron Communications@Enron
Communications, John Griebling/Enron Communications@Enron Communications,
Kevin Howard/Enron Communications@Enron Communications, Kristina
Mordaunt/Enron Communications@Enron Communications, Everett Plante/Enron
Communications@Enron Communications, David Reece/Enron Communications@Enron
Communications, James Reece/Enron Communications@Enron Communications, Rex
Shelby/Enron Communications@Enron Communications, Claudia Johnson/Enron
Communications@Enron Communications, Kevin Kohnstamm/Enron
Communications@Enron Communications, Steve Luginbill/Enron
Communications@Enron Communications, Jean Mrha/Enron Communications@Enron
Communications, Brad Nebergall/Enron Communications@Enron Communications,
Raymond Bowen/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeff
Donahue/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, George McClellan/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Brian Redmond/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT
Subject: Jeff Skilling does MS150

Well, the bike is inspected, a few training rides have been made, and the
camping gear is being dusted off (yes, he is actually camping at the
fairgrounds in LaGrange!).  Now all our fearless leader (and incidentally,
the National Multiple Sclerosis Society's 2000 Man of the Year), Jeff
Skilling, needs is your help in raising money for MS.

Enron's MS150 Dream Team is bigger than some townships in these parts - over
350 Enron employees, led by Jeff, will ride from Houston to Austin under the
Enron Flag April 15-16, and the team's goal is to raise $350,000.  I am
challenging (is begging a better word?) each of you to pledge a certain
amount per mile - i.e., $1, $2, $5, it's your call.  I'll even give you a
break on the calculation and use 150 miles, even though Jeff swears it's
closer to 170 miles (you know how he is with numbers).  Of course, a flat
pledge is also appreciated.  And don't forget, Enron will match your pledge
to this very worthy cause 1-1.

I hope you will join the team and help Enron maintain its status as the top
money raiser of all MS150 rides in the NATION!  Thank you for your
consideration.  If you have any questions, please don't hesitate to call me.

Sherri x3-5984


For our morning meeting.

Zakiyyah McClure
Risk Analytics
xt 58146


Tana,

Pursuant to your email below, PG&E was not allowed East Power yesterday and
today they are.  Could you please explain?

Thank you.

Lisa

 -----Original Message-----
From:  Jones, Tana
Sent: Tuesday, April 24, 2001 9:58 AM
To: Guidroz, Walter
Cc: Lees, Lisa; Sever, Stephanie
Subject: Re: FW: PG&E Energy Trading Entities

I am sorry I am just getting back to you, but I had to check with my whole
legal team around the world, and I just heard back from the final critical
one.  We are OK with them trading the products below.  However, on physical
power, they can only trade west power.  Stephanie, will you need to open them
up so they can trade immediately?

	Walter Guidroz/ENRON@enronXgate 04/23/2001 05:35 PM 	   To: Lisa
Lees/ENRON@enronXgate, Stephanie Sever/ENRON@enronXgate, Tana
Jones/HOU/ECT@ECT  cc:   Subject: FW: PG&E Energy Trading Entities

Lisa/Stephanie, could you please ensure that the trading profiles for each of
the three PG&E entities are changed below such that by tomorrow morning they
will be able to transact once we restore their headroom once we enter it into
the system?

Tana, are you OK with restoring the changes reflected below?  I'm thinking
that since they had this transact ability once before, that it should be OK.

PLEASE LET ME KNOW IF THERE WILL BE ANY PROBLEMS.

Thanks all!

Walter

 -----Original Message-----
From:  Moran, Tom
Sent: Monday, April 23, 2001 5:08 PM
To: Guidroz, Walter
Subject: FW: PG&E Energy Trading Entities

Walter,

Could you ensure that the profiles are set-up accordingly and that CAS is
populated with a $5million minimum for each of these cp,s.

I do not want to turn them on in Datamanager until tomorrow am.

tm

 -----Original Message-----
From:  Conwell, Wendy
Sent: Monday, April 23, 2001 4:59 PM
To: Moran, Tom
Cc: Bradford, William S.; Ngo, Tracy; Sacks, Edward; Radous, Paul
Subject: PG&E Energy Trading Entities

Tom,

Per our discussion with Bill, please set up the following PG&E counterparties
on EOL providing for transactions having a maximum tenor of 12 MONTHS:

PG&E Energy Trading - Power L.P.-------> Physical Power
PG&E Energy Trading, Canada Corporation---------> Physical Canadian Gas
PG&E Energy Trading - Gas Corporation---------->Physical and Financial US Gas

Thanks,
Wendy


Title: A CERA Global Energy Conference Call With US Secretary of Energy Spencer Abraham
***********************************************************************

MODERATOR
Daniel Yergin, CERA Chairman

SPEAKER
Spencer Abraham, US Secretary of Energy

TOPICS
US Energy Policy: What's Ahead?

TIME
11:00 A.M. Eastern, Friday, October 12, 2001

ELIGIBILITY
All CERA clients are eligible to participate in this conference call.

TO ENROLL
To enroll, please e-mail Kathleen Doherty at kdoherty@cera.com before 10:00 A.M., Friday, October 12, 2001 (or via fax +1 617 441 6898)

QUESTIONS?
Contact Kathleen Doherty via e-mail at kdoherty@cera.com
Tel. +1 617 498 9194

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To participate in the call, please call in on one of the
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Confirmation code:  506303
Title of the call:  CERA Call

TECHNICAL ASSISTANCE
If you experience difficulties during the call, you may signal for technical assistance by pressing *0 (star, zero) on your telephone keypad.

PLAYBACK

Via CERA.com
A recording of this call will be posted in the Global Energy section on CERA.com. Details will be made available following the call on Monday, October 15.

Via Telephone
In addition, you will be able to access the replay via telephone by calling 1-888-203-1112  (within the U.S.) or (719) 457-0820 outside the U.S.). Please use confirmation number 506303 to access the playback. This version of the call will be available until November 12, 2001.

E-mail Category: Conference Call Notification
CERA Knowledge Area(s): Global Energy

***********************************************************************
***********************************************************************
On September 17, CERA Chairman, Daniel Yergin, led a Global
Client Conference Call discussion on the potential economic
and energy industry fallout from the recent terrorist attacks
on New York and Washington DC.

The playback of this conference call is now available at on the
web at http://www.cera.com/highlights/teleconf_20010917/
or via telephone at: 1-888-203-1112 (within the United States)
or 719-457-0820 (outside the United States). Please use
confirmation number 784004 to access the call playback.
The playback is available until October 17, 2001.
***********************************************************************
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are now available at http://www20.cera.com/event
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Copyright 2001. Cambridge Energy Research Associates


I am not having any luck in getting them to discuss this Master.  Any
suggestions?  We need to get this agreement in place.

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


Bill:
You can spend all weekend doing it, but one of us needs to be at his game and
I will  not be able to make a 6 o'clock game.  Could you please skip
Wednesday?  Alos, if Chelsea cannot do Monday, who will?  Also, as we have
discussed previuosly, I would prefer not to handle these types of discussions
by e-mail.  Please call me or talk to me when we are at home.  This is not a
practice that I think is in the best interests of either of us to continue.
Carol


I'll be gone but I will leave it on top of my desk.  The backpack is dark
blue and is has "CRUX by Gregory" written on it.  There is a yellow cooler
inside and 2 flashlights.

	From:  Kori Loibl                           11/02/2000 03:37 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: Camping material

I'll be down in a little while, probably around 5ish if that's okay..........


Hi guys,

Sorry my phone number has been changed. It is now 212-429-2345.

Thanks,

Jeff

> -----Original Message-----
> From: Lenamon, Jeffrey
> Sent: Thursday, February 08, 2001 15:27
> To: 'don.baughman@enron.com'; 'hellokaren@aol.com'; 'hellorick@aol.com';
> 'jahill@hsutx.edu'; 'jake73@airmail.net'; 'jeffrey.wilner@creditrade.com';
> 'Joel.Bennett@zf-group.de'; 'kylecanon@hotmail.com'; 'mamza@att.net';
> 'mary.hou@gs.com'; 'mkt_rle@shsu.edu'; 'pamara.sakovska@gs.com';
> 'peter.crosbie@kmv.com'; 'richard.skora@skora.com'; 'tim.kasta@kmv.com';
> 'tmoritz.bus@hsutx.edu'; 'tom.lasersohn@gs.com'; 'uyarra@un.org';
> 'wcurtis@hsutx.edu'; 'apios@attglobal.net';
> 'loretta.hennessey@us.cibc.com'; 'steve.bennett@us.cibc.com';
> 'michael.aglialoro@us.cibc.com'; 'edwin.ordonez@us.cibc.com';
> 'sal.vicarisi@us.cibc.com'; 'joseph.scarfuto@us.cibc.com';
> 'steve.damiani@us.cibc.com'; 'michael.joyce@us.cibc.com';
> 'renda.wan@us.cibc.com'; 'maharukh.sorabji@us.cibc.com';
> 'robert.hou@us.cibc.com'; 'george.knight@us.cibc.com';
> 'hank.sandlass@us.cibc.com'; 'deryck.wager@us.cibc.com';
> 'sherry.greco@us.cibc.com'; 'joseph.l.nardi@wellsfargo.com';
> 'joseph.l.nardi@norwest.com'; 'maria.sherry@us.cibc.com';
> 'jennifer.delcambre@bankunited.com'; 'jenniferdelcambre@bankunited.com';
> 'lars.hunsche@kmv.com'; 'bruce.c.wandersee@wellsfargo.com';
> 'bruce.c.wandersee@norwest.com'; 'greg.nudelman@cibc.ca';
> 'greg.nudelman@cibc.com'; 'kealhofer@kmv.com'; 'paul.colella@us.cibc.com'
> Subject: Hi All
>
>
> Just passing along my updated contact information. Hope all is going
> great, speak to you soon.
>
> Best regards,
>
> Jeff B. Lenamon
> Vice President
> Dresdner Kleinwort Wasserstein
> Credit & Counterparty Risk Mgmt
> 75 Wall Street, 33rd Floor
> New York, NY 10005
> Tel: 212-429-2118
> fax: 212-429-2018

If you have received this e-mail in error or wish to read our e-mail
disclaimer statement and monitoring policy, please refer to
http://www.drkw.com/disc/email/ or contact the sender.


I'm not sure how I got on this list, but I'd like to be deleted.  Thanks!

Jack Pyburn, Jr.
Mirant Americas Energy Marketing, LP
1155 Perimeter Center West
Atlanta, GA  30338
Phone: 678-579-7443
Fax:     678-579-7303
Cell:     678-488-0660
Email:  Jack.Pyburn@Mirant.com

-----Original Message-----
From: Dalia, Keith A - TOS-DITT1 [mailto:kadalia@BPA.GOV]
Sent: Tuesday, May 15, 2001 7:40 PM
To: RRGA-L@LIST.RTOWEST.ORG
Subject:

You have been added to the RRGA-L mailing list (RTO West Congestion Model
Content Group) by Keith Dalia <kadalia@BPA.GOV>.

Please save this message for future  reference, especially if this is the
first time you subscribe to an  electronic mailing list. If you ever need
to  leave the  list,  you  will find  the  necessary instructions  below.
Perhaps  more importantly,  saving a  copy of  this message  (and of  all
future subscription notices  from other mailing lists) in  a special mail
folder will give you instant access to the list of mailing lists that you
are subscribed  to. This may  prove very useful the  next time you  go on
vacation and  need to leave  the lists temporarily so  as not to  fill up
your  mailbox while  you  are away!  You should  also  save the  "welcome
messages" from the  list owners that you will  occasionally receive after
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To send  a message to  all the people  currently subscribed to  the list,
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never try to send any command to that address, as it would be distributed
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"LISTSERV  address",   LISTSERV@LIST.RTOWEST.ORG.  It   is  very
important to understand  the difference between the  two, but fortunately
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will have been done. If on the  other hand you accidentally make your FAX
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People would just get mad at you.  It works pretty much the same way with
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you that new mail has arrived from  RRGA-L. If you send a "SET RRGA-L ACK
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Following  instructions from  the list  owner, your  subscription options
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For more  information about subscription  options, send a  "QUERY RRGA-L"
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This  list is  available  in digest  form.  If you  wish  to receive  the
digested version of the postings, just issue a SET RRGA-L DIGEST command.

Please note that  it is presently possible for other  people to determine
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More  information on  LISTSERV  commands  can be  found  in the  LISTSERV
reference  card, which  you can  retrieve  by sending  an "INFO  REFCARD"
command to LISTSERV@LIST.RTOWEST.ORG.


This came back for some reason.  Here it is again.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 11/01/2000
01:46 PM ---------------------------

Benjamin Rogers
11/01/2000 01:38 PM
To: Amy.Wright@DPLINC.com, Susan.Flanagan@DPLINC.com, Scott.Miller@DPLINC.com
cc: Don Miller/HOU/ECT@ECT
Subject:

Here are some of the remaining questions we have answers to.  Please give me
a call if you have any questions.  Thanks!
Ben


that one does look nice - i wonder what street it is on?

"K. Bass" <daphneco64@bigplanet.com> on 01/24/2001 01:12:17 PM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric Bass <Eric.Bass@enron.com>
cc:
Subject: Welcome to www.har.com! (4)

this looks really nice.

?http://www.har.com/search/condo/indexdetail.cfm?MLNUM=536886
 - Welcome to www.har.com! (4).url


As a result of feedback from employee surveys, and a desire to create
informal opportunities for Q&A and discussions around our business,  over the
next few weeks the EWS Executives will be hosting floor discussions.

Please join
John Lavorato
Chief Operating Officer Enron Americas
on
Wednesday, 6th December
2.30-3pm
on the 31st floor (EB3112c)

Format: 1. "This Was The Month That Was"
 2. The Month ahead
 3. Q&A  - Please think of any questions you would like to ask John during
the Q&A session.
  If you would prefer to pre-submit your question, please send to Nicki Daw
via email.


Please email me your draft of the confirm.

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


Russell:
I am working with Tana on the Engage US amendment.  There should be no open
issues, but before I left I sent some e-mails to Luke Mickum, their attorney
which he never responded to.

Tana,
Please ask Mary Cook to review the Engage Canada Guaranty from West Coast.
The comments that I made to the other Engage Guaranty which I have forwarded
to you should apply here.  Has their attorney in Canada responded to  the
Engage Canada amendment?  The latest draft of the Engage US amendment and the
latest draft of the Engage Canada amendment I believe is still on your system
and should be in the file, but you and Mary should both follow up with their
attorney based on the e-mails that I sent to him which I have forwarded to
you.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	Russell Diamond
	08/03/00 02:34 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Engage

Hi Carol,

Hope you and you newborn are doing well?  I am not sure what work issues you
are handling, if any, but I would like to ask you if you have any further
information on Engage.  I think Tana Jones may have been speaking to you on
this issue.  I have received a guaranty format from Westcoast Gas Inc. to
cover Engage Energy Canada LP.  They are waiting on our review before they
issue the executed document.  Tana has a copy of this.  Also, I would like to
know what outstanding issues we have with the Engage US and Canada ISDA
amendments so I can go ahead and work to finish them up.

Hope all is well,

Russell


I'm headed to a lengthy conference call, but I wanted you to have this info.

Anything going on with Manlove?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 09/28/2000 09:21
AM ---------------------------

Deb Korkmas@ECT
09/28/2000 08:49 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: enovate - yes or no?

Yes, name change was filed on Sept 15.  Deb

Deb Korkmas
Enron North America Corp.
ENA Legal Dept.
1400 Smith Street, Room 3819
Houston, TX  77002
Phone:  713-853-5448
Fax:  713-646-3393

	Kay Mann@ENRON
	09/27/2000 06:29 PM

		 To: Deb Korkmas/HOU/ECT@ECT
		 cc:
		 Subject: enovate - yes or no?

So do we now have an Enovate/enovate?

Thanks,

Kay


Sara,
Did you hear anything from Edmund on this?  What's the current status on the
below verbage.

Thanks

From: Sara Shackleton@ECT on 08/14/2000 09:17 AM
To: Edmund Cooper/LON/ECT@ECT
cc: Souad Mahmassani/Corp/Enron@ENRON

Subject: Re: DTD Brent

Edmund:  Did you ever have a chance to run my language by your trader?  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 08/14/2000 09:11 AM -----

	Souad Mahmassani
	08/14/2000 09:09 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Larry Joe Hunter/HOU/ECT@ECT
		 Subject: Re: DTD Brent

Sara,

Good morning.
Just wanted to see where are we on the below language.  London office is
wanting all confirmation with Brent TDT out ASAP.  I told them I can't do
anything until I get the go from you.  I am holding trades from June.
Please let me know.
Thanks,

Sheetal Patel@ECT
08/08/2000 09:58 AM
To: Larry Joe Hunter/HOU/ECT@ECT
cc: Souad Mahmassani/Corp/Enron@ENRON

Subject: DTD Brent

FYI
---------------------- Forwarded by Sheetal Patel/HOU/ECT on 08/08/2000 09:58
AM ---------------------------
From: Sara Shackleton on 08/08/2000 09:21 AM
To: Edmund Cooper/LON/ECT@ECT
cc: Sheetal Patel/HOU/ECT@ECT
Subject: DTD Brent

Edmund:  Attached is a slightly different version of DTD Brent which I have
drafted.  I would like to discuss.  Please let me know when you can talk.
Sara

----- Forwarded by Sara Shackleton/HOU/ECT on 08/08/2000 09:18 AM -----

	Sheetal Patel
	08/01/2000 06:02 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: DTD Brent

Sara,

Below is the most recent language I have received from the London office
referencing the Market Wire correctly.

Thanks,
Sheetal
---------------------- Forwarded by Sheetal Patel/HOU/ECT on 08/01/2000 05:56
PM ---------------------------

Sheetal Patel
08/01/2000 05:53 PM
To: Matt A Brown/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT
cc: Chris Shapland/LON/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT, Kevin
Meredith/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON
Subject: DTD Brent

Matt/Susan,

Below is the common and float pricing language I have been asking about.  I
need an okay from a trader and legal perspective before putting this language
in our confirms.  If you notice, the most recent language is in red.

Thanks,
Sheetal

---------------------- Forwarded by Christopher Shapland/LON/ECT on
10/07/2000 15:12 ---------------------------

Edmund Cooper
07/07/2000 17:11
To: Christopher Shapland/LON/ECT@ECT
cc:

Subject: DTD Brent

Floating Price:

The mean of the arithmetic average of the daily high and low quotations for
Dated Brent under the heading 'Platt's Crude Oil Marketwire: Brent (DTD)' as
reported in Platt's Crude Oil Marketwire minus the average of the daily
settlement prices for the prompt month of the IPE Brent Crude Oil Futures
Contract for each Commodity Business Day/Trading Day for the applicable
Determination Period, with the exception of the last Commodity Business
Day/Trading Day of the prompt month on which day the settlement price for the
Second Nearby Month will be used.  The calculation should include only the
days when both the IPE is open and Platts publish their dated Brent
assessment.

Common Pricing:

Pricing to be effective only on the days when both the IPE is open and Platts
publish their dated Brent assessment.

From: Christopher Shapland on 06/13/2000 11:38 AM GDT
To: Sheetal Patel/HOU/ECT@ECT
cc:
Subject: EOL platts Dated brent over frontline ipe brent spread

Sheetal

Just a quick reminder of the trades I needed with common pricing!

Any problems give me a call

Cheers

Chris
:)
---------------------- Forwarded by Christopher Shapland/LON/ECT on
13/06/2000 11:38 ---------------------------
From: Christopher Shapland on 09/06/2000 08:54
To: Sheetal Patel/HOU/ECT@ECT
cc:

Subject: Re: language?

Sheetal

I'm sorry - here you are!

Floating Price:

The mean of the arithmetic average of the daily high and low quotations for
Crude Oil Assessments published in the table entitled &Crude Price
Assessments: International US$/BBL: Brent (DTD)8 in the issue of Platt,s
Crude Oil Marketwire that reports prices effective for such Business  Days
during the Determination Period minus the average of the daily settlement
prices for the prompt month of the IPE Brent Futures Contract for each
Commodity Business Day/Trading Day for the applicable Determination Period,
with the exception of the last Commodity Business Day/Trading Day of the
prompt month on which day the settlement price for the Second Nearby Month
will be used.

Common Pricing:

Pricing to be effective only on the days when both the IPE is open and Platts
publish their dated Brent assessment.

Cheers

Chris
:)

Sheetal Patel
08/06/2000 22:51
To: Christopher Shapland/LON/ECT@ECT
cc:

Subject: language?

Hi Chris,

I have not received any language from you.  Just wanted to make sure you
didnt forget.

Thanks,
Sheetal :)

---------------------- Forwarded by Sheetal Patel/HOU/ECT on 08/01/2000 05:47
PM ---------------------------
From: Christopher Shapland on 07/10/2000 03:10 PM GDT
To: Sheetal Patel/HOU/ECT@ECT
cc:
Subject: DTD Brent


Isn't he just a cutie pie!


The FERC order appears to be putting a significant crimp on the  real time
(R/T) desk of Enron and other marketers whenever market prices are at or near
the cap.  The initial west wide cap is approx $108 an we hit that today in
R/T. Briefly:

Marketers cannot sell above the cap.  So when prices reach the cap,
generators are on their own to find buyers. (Generators can sell above the
cap; if the generator is thermal they simply make a end-of-month cost
filing.)  Marketers which provide an important function of making the market
and providing transmission are simply shut out.

Even if a marketer makes a deal below the cap, the deal could be cut due to
transmission problems.  Should the cost of replacement power exceed the cap
(which can easily happen), the marketer may be left holding the bag because,
again, the marketer cannot sell above the cap.

When CAISO declares an emergency, the cap will change hourly.  R/T deals are
usually done several hours out.   A marketer will essentially have no idea
what the relevant cap will be when it is making its deal.

Cash markets can also face all these same problems.  However, the cash desks
may be able to sell more than 24 hours out.

Because these impacts are disproportionate on marketers, we should consider
an appeal of this order separate from EPSA.

Alan Comnes


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/22/2000
05:33 PM ---------------------------

Vince J Kaminski
12/19/2000 08:46 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: DPC Memo

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/19/2000
08:47 PM ---------------------------

Sandeep Kohli@ENRON_DEVELOPMENT
12/17/2000 06:42 AM
To: Vince J Kaminski@ECT
cc:
Subject: DPC Memo

Vince,

I am in Houston (rrived Satruday), and will be in office on Monday (though
officially, I am on vacation).  Would like to catch up with you if possible.

It looks like your team will be getting involved in some form on the DPC
side.  I have already made a recommendation to Wade.

I am attaching a small memo that I have addressed to Wade on the DPC position
and possible workout.  This is still a draft and will likely get shared later
with others.  I would love to get your comments on the same.  At the same
time, this also will give you some idea of the problem, in conjunction with
the other Plan presentation I had sent you.

Look forward to touching base with you.

Regards,
Sandeep.


ATTORNEY CLIENT PRIVILEGED COMMUNICATION

Is there a settlement agreement here where we give up credits after 12/31
(assuming that they are minimal) in exchange for full payment through 12/31
(a lot of which I think has been paid)?  More importantly, can something like
that be implemented by the CPUC in such a way (like some sort of binding
order with findings of fact and/or law) that we can argue to the Bankruptcy
Court that it is binding, or at least persuasive, on the PG&E situation?  I
sense an opening here--any thoughts on how we can dig into this?

From: Harry Kingerski@ENRON on 04/10/2001 03:43 PM
To: Robert C Williams/Enron@EnronXGate, Mike D Smith/HOU/EES@EES, Vicki
Sharp/HOU/EES@EES, JKlauber@llgm.com
cc: Jeff Dasovich/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Scott
Stoness/HOU/EES@EES
Subject: SCE PX credits

Interesting bit from SCE's MOU (p. 31) -

"the CPUC Implementing Decisions shall include

Orders resolving the responsibility of SCE to provide credits to direct
access customers in respect of electricity deliveries after December 31, 2000
in respects which do not result in any material financial detriment to SCE; "

Translation:  I suppose this means SCE is looking for an order absolving it
of any responsibility for PX credits after 12/31/00, but implicitly, that
seems to suggest they accept responsibility for PX credits before 12/31/00.
Do you agree?


Jeff,

since Dutch is still out could you take care of this ??  I'm not exactly sure
what he is talking about.  The trades should be part of a spread in whcich
reliant is also buying or selling the hub.
Thanks

---------------------- Forwarded by Peter F Keavey/HOU/ECT on 12/07/2000
07:03 AM ---------------------------

	From:  Larry Joe Hunter                           12/06/2000 08:36 PM

To: Peter F Keavey/HOU/ECT@ECT
cc: Kam Keiser/HOU/ECT@ECT, William Kelly/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT
Subject: EOL trades doubled up?

Pete,

I'm seeing some trades with your name as Trader which are at extremely high
prices.   Transco Z6 vs. Henry Hub trades at prices of $15.6025 from Trade
Date of 12/5.  Are these errors?  EOL numbers are 658961 and 658985 (both
with Reliant).  No confirmation has been sent on these.  Please have your
Book Admin notify me as soon as you get a chance to look at these.

Thanks,
Joe Hunter


Adam Smith, Save Us! How to solve California's power crisis: market pricing.
Forbes, 07/09/01

INDIA: Enron India chief "optimistic" about Dabhol project.
Reuters English News Service, 07/09/01

INDIA: Enron chief to discuss Dabhol with Indian officials.
Reuters English News Service, 07/09/01

Trying to Run a Country Like a Corporation
The New York Times, 07/08/01

Privatise MSEB distn & generation: Godbole panel report-II
Press Trust of India Limited, 07/08/01

Tough-talking energy adviser could head state power authority
Associated Press Newswires, 07/08/01

NIGERIA: INTERVIEW-Nigeria power project's success fuels AES expansion.
Reuters English News Service, 07/07/01

FOCUS ON ENERGY / As the clock ticks, rifts remain in Calif. electricity
refund talks
Houston Chronicle, 07/07/01

JUDGE URGES ON SETTLEMENTS FOR POWER OVERCHARGES
Portland Oregonian, 07/07/01

Sustainability isn't simple
The Seattle Times, 07/07/01

Campaign funds will pay for spots
The San Francisco Chronicle, 07/07/01

OutFront
Adam Smith, Save Us! How to solve California's power crisis: market pricing.
BY Lynn Cook

07/09/2001
Forbes
058
Copyright 2001 Forbes Inc.

Power Surge | Here's a novel scheme to balance supply and demand for
electricity in California. Hint: It's called market pricing.
Californians have a chance to keep the lights on this summer: Let commercial
customers take the power they would ordinarily use but decide not to, and
sell it back to the grid at a profit. Such "negawatt" auctions are already
being tested in Atlanta.
Wal-Mart, say, could cool down its California stores by an extra three
degrees during the nonpeak morning hours. In the afternoon, when temperatures
and wholesale power prices soar, it could shut off air-conditioning and
resell the power it would have consumed. Stores would be hot, but not
unbearable. All Wal-Marts would get to remain open with cash registers
operating instead of having to deal with scattershot closings and lost
business because of blackouts.
From steel fabrication plants to aluminum smelters that have already
shuttered for the summer, heavy industry is itching to sell negawatts, says
Marc Yacker, spokesman for the Electricity Consumers Resource Council
representing industrial users. So why hasn't the Golden State seized a golden
opportunity? Governor Gray Davis likes the idea, but not the
proponents--Houston energy giants Enron and Reliant Energy--and any
suggestion from Texas is, of course, anathema. Another little problem is that
California's attorney general is on record favoring jail sentences for energy
"profiteers." Let a big business like Wal-Mart make a spread on electricity?
Horrors!
Another hurdle: A multistate auction system of the sort that would rescue
California would require overriding the federal Public Utility Holding
Company Act, which prevents commercial and residential users from reselling
juice to the grid. In Atlanta, where Georgia Power offers large industrial
users a program called Daily Energy Credit, the utility was subject to
approval only by a state commission, not the Feds, because it runs the
negawatt program within its assigned borders and not across state lines. A
bill pending in the U.S. House Energy & Air Quality subcommittee would have
alleviated that. But in June the bill's sponsor, Representative Joe L.
Barton, a Republican from Texas, yanked the relief package off the table,
claiming House Minority leader Richard Gephardt, the Missouri Democrat, was
planning to wreck the deal because it did not promote price caps. Gephardt
denies the charge.
A shame that it's so much harder to turn down the political heat than the
central a/c.

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

INDIA: Enron India chief "optimistic" about Dabhol project.

07/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 9 (Reuters) - The chief executive of Enron Corp's Indian arm
said on Monday he was optimistic about working through the company's payment
dispute with a local utility.
"There are a variety of options facing us with the project. We are just
trying to work through those," Wade Cline told reporters in the Indian
capital after a meeting with the country's finance secretary.
"We are having good meetings with the ministry, so we are optimistic," Cline
said. He added he had briefed the finance secretary ahead of Enron Corp
Chairman Kenneth Lay's meeting with Finance Minister Yashwant Sinha.
Lay is due to meet Sinha, the Indian power minister and senior officials in
connection with the payment dispute between Enron's Dabhol Power Co and the
Maharashtra State Electricity Board which has defaulted on payments of $48
million to Dabhol.
Enron's project is the largest direct foreign investment in India. Its first
phase of 740 MW was completed in 1998, while a second phase adding another
1,444 MW was almost complete when its contractor stopped work because of the
dispute.

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

INDIA: Enron chief to discuss Dabhol with Indian officials.

07/09/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, July 9 (Reuters) - Enron Corp Chairman Kenneth Lay is due to meet
the Indian power minister and senior power ministry officials on Monday to
discuss a dispute between the U.S. firm's Indian unit and a local utility,
officials said.
The firm's Dabhol Power Co and the Maharashtra State Electricity Board (MSEB)
are locked in a payments dispute which provoked Enron to serve a preliminary
termination notice to the utility, which in turn stopped buying power from
Dabhol.
"He is scheduled to meet Power Minister Suresh Prabhu at 5:25 p.m. (1155
GMT)," a federal power ministry official told Reuters.
Lay was expected to discuss the future of the troubled Dabhol project, said
the official who did not want to be identified.
He said Lay would also meet senior officials in the federal power ministry
before visiting Prabhu.
MSEB, the sole buyer of Dabhol power, has defaulted on payments of $48
million to Dabhol.
Enron's project is the largest direct foreign investment in India. Its first
phase of 740 MW was completed in 1998, while a second phase adding another
1,444 MW was almost complete when its contractor stopped work because of the
dispute.

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

Week in Review Desk; Section 4
The Nation: Look Sharp
Trying to Run a Country Like a Corporation
By DAVID E. SANGER

07/08/2001
The New York Times
Page 1, Column 5
c. 2001 New York Times Company

WASHINGTON -- WHEN President Bush was sworn in nearly six months ago,
Washington was awash with loose talk of a ''C.E.O. presidency.'' The first
president with an M.B.A. to his name, from Harvard Business School no less,
would be the chairman of the board of the world's biggest conglomerate, his
aides boasted, a leader who delegated to his cabinet of experienced C.E.O.'s.
They said his administration would apply business discipline to a bloated
government. And cabinet sessions do look a lot like the Business Roundtable,
the organization of chief executives that, a few weeks ago, held part of its
annual meeting in the East Room. Next to the president sits Dick Cheney, late
of Halliburton, and Treasury Secretary Paul H. O'Neill, fresh from Alcoa.
Donald H. Rumsfeld is also at the table, in his second run as defense
secretary, after running G. D. Searle & Company.
Lower level officials, too, look and sound like business folk. ''We
effectively are the C.E.O.'s of wholly owned subsidiaries of the Department
of Defense,'' said Thomas E. White, who left Enron -- the Texas energy
company that wields great influence here -- to become secretary of the army
last month.
But cracks are already beginning to mar the smooth veneer of Bush & Co.'s
boardroom table. Part of the problem is Mr. Bush himself: He cast himself
first as a Reagan-style figure -- though less detached -- who would define
the missions his team would carry out. But on a host of issues, from energy,
to stem cell research, to ending bombing exercises on the island of Vieques
in Puerto Rico, Mr. Bush has second-guessed his C.E.O.'s and swept decisions
back into the White House.
At Bush & Co., the strategic plans are beginning to collide, and polls
suggest that shareholders are increasingly unconvinced by aspects of the
business plan.
One cause of the president's troubles may be that his C.E.O. approach to
running the government conspicuously lacks what Washington demands: the
flexibility required to appeal to a variety of constituencies and to horse
trade (something Mr. Bush did quite well in Texas).
While Mr. Bush scored a quick, major victory with the tax cut, for example,
his energy initiatives and his ''faith-based'' plan for federal aid to
religious groups that perform social services have run into the kind of
political cross-currents that are rarely seen in corporate America.
IN both cases, the White House has shown little willingness to compromise and
little ability to persuade voters to share its views.
''They run the meetings on time but he doesn't have much emotional range in
connecting these themes to the public,'' said Rahm Emanuel, a highly partisan
aide to President Clinton, who never ran meetings on time but knew how to
stir a crowd.
Mr. Bush's style has also vexed America's allies. They made it clear during
his trip to Europe that they are tired of being treated like foreign
subsidiaries of America, Inc. So Mr. Bush listened, and said he was humbled.
But as soon as he got home, he boasted to The Wall Street Journal that 15
leaders of the European Union ''told me how wrong I was'' on global warming,
but that he stood his ground because his position was ''right for America.''
Others say the problem is not Mr. Bush, it's the slowness of his C.E.O.'s to
readjust to a world where they do not have the last word. It's a huge change,
notes Peter G. Peterson, who moved from a chief executive's post to become
commerce secretary in the Nixon administration, and who is now chairman of
the Blackstone Group, the New York investment bank.
In the private sector, he notes, Mr. Bush's successful former executives had
''the undiffused power to implement their individual corporate visions.''
Not in Washington. ''When you are a C.E.O., you observe, listen, and
decide,'' Mr. Peterson said. ''When you are a cabinet secretary, you observe,
listen, testify, subject everyone to interagency review, get resistance from
Congress, and then, more often than not, someone else decides.''
That should have come as no surprise to Mr. Cheney, Mr. Rumsfeld or Mr.
O'Neill, who all had previous experience in government. ''And yet,'' said
Thomas Mann of the Brookings Institution, ''they seem like somewhere along
the line they forgot what they learned, and they've made some severe errors
in judgment.''
TAKE Mr. Cheney -- former Congressman, former White House chief of staff,
former defense secretary. To put together the administration's energy report,
he drew on the best minds he knew from his life at Halliburton. Yet his
reliance on one slice of his constituency -- his fellow energy executives --
only fed the perception that the Bush team is far too close to energy
interests.
Now, in a classic Washington battle, the General Accounting Office is
demanding to know who Mr. Cheney met with as his task force developed its
policy in secret sessions, and he has refused to reveal the list, fueling
suspicions about who has his ear.
''It was less than politically adept,'' one of Mr. Cheney's close friends
conceded last week. ''But Dick had strong views, and they were reinforced by
others he knew who had similarly strong views.''
Now Mr. Bush is trying to undo the damage, showing up in places like Sequoia
National Forest, restoring $300 million in Federal money for energy
conservation that Mr. Cheney cut out of the budget, and calling for Americans
to use energy efficient devices that Mr. Cheney ignored.
Similarly, Mr. Rumsfeld is backtracking from his go-it-alone approach. For
months he left the Joint Chiefs in the dark about his missile defense plans,
and conducted his top-to-bottom review in secret, with a few trusted aides.
''It was very corporate,'' said one senior military official, ''but we had no
idea what he was doing, and he had no idea why we do things the way we do.''
He has begun to change, but some of the Joint Chiefs remain wary of him.
Then there is Mr. O'Neill, a longtime friend of Mr. Cheney and the chairman
of the Federal Reserve, Alan Greenspan. But it's unclear who is setting
financial strategy -- Mr. O'Neill or the White House chief economic adviser,
Larry Lindsey -- and that has many of America's economic partners unsettled.
''Who makes dollar policy?'' a top aide to Japan's new prime minister asked a
reporter last week. So far, it's hard to say.
Mr. O'Neill has also shown a penchant for speaking more frankly than the
White House would wish. For example, when asked if it was smart to keep
pressing for the elimination of the corporate tax at a time the
administration is under fire for being too cozy with corporate America, the
former Alcoa chief dismissed the whole issue.
The corporate tax, he said, ''causes people to say we're getting those rotten
bastards who are corporations, and we are taking money away from them.'' But
''at the end of the day individuals pay all the taxes,'' he said, so by
cutting taxes for Exxon, I.B.M. and Alcoa, he's really helping consumers.
It is not an argument the White House wants to hear right now, and it seems
to be looking for another way of doing business. The president is in the
midst of what business schools might call a ''strategic refocusing.''
Issues that one might have expected to be decided by the C.E.O.'s have been
recalled to the White House. It was Karl Rove, Mr. Bush's political guru, who
told the Pentagon that its days of bombing Vieques were coming to an end --
even though the military has no alternative site to train its fliers. The
issue was just too important to Latino voters, or so Mr. Rove thought.
Similarly, the coming decision on federal funding for stem-cell research was
sucked back into the White House as soon as it became clear that it involved
not only science, but Catholics, anti-abortion groups and other key
constituencies.
Mr. Bush is likely to get into the middle of more decisions. With the surplus
shrinking and government revenues declining, Mr. Rumsfeld is trying to figure
out how to pay for missile defense and new conventional weapons, while Mr.
Cheney wants funding for his energy agenda.
AS Mr. Peterson says, ''when the aggregate of these individual visions don't
add up, something, and in particular somebody, has to give.''
It's possible that these are the usual contortions any new team finds itself
in as it struggles to its feet. But it's also possible that Mr. Bush, eager
to apply the lessons of private enterprise to Washington, overestimated how
transferable those lessons are.
''The problem isn't the model,'' insists Jeffrey E. Garten, the dean of the
Yale School of Management and author of the recent book, ''The Mind of the
C.E.O.'' (Perseus, 2001.) ''The problem is the Bush variant of the model.
''A good C.E.O. has to be able to execute the policy once it's set,'' he
said. Mr. Bush, like many politicians, is already ''compromising and
backpedaling. The C.E.O.'s aren't accustomed to dealing with that. And so
they get antsy.''

Photo: President Bush and Vice President Cheney display their concern for
punctuality in a photo released by the White House to commemorate the
administration's first 100 days. (Reuters)

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

Privatise MSEB distn & generation: Godbole panel report-II

07/08/2001
Press Trust of India Limited
(c) 2001 PTI Ltd.

Mumbai, Jul 8 (PTI) Even as India's western state of Maharashtra grapples
over its energy crisis with US energy major Enron, Godbole Review Committee
has recommended outright "privatisation" of the loss-making Maharashtra
electricity board's (MSEB) distribution network and generation unit in the
second part of its report to be submitted on July 11.
"The report outlines path breaking reforms, which not only suggests
restructuring of MSEB, but also makes its clear that its once-a-very-good
board will be destroyed, if it continues as a government body", official
sources told PTI here Sunday.
The report would be submitted to the state Chief Minister Vilasrao Deshmukh
on Tuesday morning, sources said.
"The committee has recommended that MSEB's government ownership should be
dissolved, however, the control of transmission network should rest with it".
"MSEB's current assets are close to worth Rs 120 billion and once cabinet
approves the proposal following submission of the report, process like
inviting tenders from private parties may be taken up", officials said.
According to the report, the interested companies would have to infuse
capital investment in the distribution and generation networks with an
increased rate of return at about 4.8 per cent, sources explained.
The 200-plus pages report draws a detailed road map for the need to privatise
MSEB, a different model from what was implemented in other states, sources
added.
(THROUGH ASIA PULSE) 08-07 2001

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

Tough-talking energy adviser could head state power authority
By DANNY POLLOCK
Associated Press Writer

07/08/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LOS ANGELES (AP) - With his trademark Stetson hat, cowboy boots and raspy
Tennessee drawl, S. David Freeman has seized center stage in California's
power crisis.
Credited rightly or wrongly for keeping the lights on in Los Angeles as head
of the Department of Water and Power, the swashbuckling chief energy adviser
to Gov. Gray Davis is seen by many as the state's energy savior.
Others, however, call him a wily salesman and master of public relations
whose dealings with energy providers are overly confrontational.
"Maybe I'm a little of both," the 75-year-old Freeman said. "I know how to
sell a vision."
Indeed, Freeman's record is a conflicted one. He headed the nation's largest
municipal utility when it was one of the few power providers in California to
avoid the pain of deregulation. He kept the lights on and rates low for the
city's 3.8 million residents while pulling the DWP from the brink of
bankruptcy.
He also was one of the first public officials to talk tough about power
generators when energy prices soared, routinely accusing them of committing
"highway robbery" and "ripping off" consumers.
Yet Freeman himself has been accused of selling surplus power at premium
rates as head of the DWP.
His critics also note that Freeman was an early architect of deregulation who
helped devise the key mechanisms of the state's energy market, and that he
may not deserve the credit he claims for keeping the DWP in control of its
own generating plants.
Freeman makes no apologies for his record or his aggressive rhetoric.
"It distinguishes me from all the mealy-mouthed wusses who talk in language
people don't understand," he said. "It's a tough business we're in. We're not
playing pattycake."
Freeman made believers of many state officials while negotiating $43 billion
in long-term energy contracts for the state.
"We needed a pirate to negotiate with the pirates," said state Sen. Debra
Bowen, D-Redondo Beach, who chairs the Senate Energy Committee. "We didn't
want to send Snow White."
Freeman is in line to head the newly created state power authority, a key
element in his vision for ending the power crisis. The agency can issue up to
$5 billion in revenue bonds to build and buy power plants.
Freeman's faith in public power goes back to his days growing up in the
shadow of the Tennessee Valley Authority, the grandaddy of all public power
projects.
"The TVA and religion were the two biggest things in life," recalled Freeman,
who went to work for the TVA soon after college.
In the mid-1960s, he caught the attention of the White House with a major
study on energy conservation. President Lyndon Johnson made him the nation's
first coordinator of energy policy, a role he maintained under presidents
Nixon and Carter.
Since then, Freeman has headed four public power agencies, including the TVA.
"David Freeman has an almost religious belief in public power," said Jan
Smutny-Jones, executive director of the Independent Energy Producers
Association, which represents major providers such as Enron, Reliant and
Dynegy. "He really believes that can save the day. But he's flat wrong for
California ... The generation industry, with government stability, will bring
new investment."
In the mid-1990s, while Freeman was heading the Sacramento Municipal Utility
District, state officials considering deregulation recruited him to oversee
development of the Power Exchange and California Independent System Operator.
The agencies were to be the cornerstones of deregulation, handling the
auctioning of power and managing much of the state's transmission grid.
"I thought deregulation might work," Freeman said about the project. "I
wouldn't have done it if I'd have known what would happen."
That turnaround is one of many Freeman has made to dodge the political
fallout of deregulation, according to Brian D'Arcy, business manager of Local
18 of the International Brotherhood of Electrical Workers, which represents
6,000 municipal utility workers in Los Angeles and other cities.
"He's reinventing history and people aren't calling him on it because they're
trying to latch on to his star," said D'Arcy, who worked with Freeman after
he took over the DWP in 1997.
Freeman has been labeled a visionary for bucking deregulation and hanging on
to power plants that have since provided a lucrative energy surplus for Los
Angeles.
D'Arcy said Freeman actually favored selling outdated DWP plants because
plenty of cheap power was then available on the spot market. D'Arcy said he
fought a sell-off to save jobs for union members.
"He and I fought over (selling) generation, and that stalled it," D'Arcy
said.
Freeman, however, said he intentionally held on to those plants, a move that
allowed the DWP to sell excess power and make more than $200 million.
He said the agency charged reasonable rates for power under state guidelines,
but critics said Freeman's opportunism undercuts his verbal assaults on
private generators.
"It's the pot calling the kettle black," Smutny-Jones said. "I don't think
it's proper for him to be characterizing everyone else in a negative light."
John Stout, a senior vice president with Reliant Energy, declined to comment
specifically about Freeman. However, he said energy providers are being
unfairly targeted by accusations of price gouging.
"It's counterproductive,' he said. "It makes it difficult to sit down face to
face to solve problems when someone has their finger in your face."

AP Photo LA101

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

NIGERIA: INTERVIEW-Nigeria power project's success fuels AES expansion.
By Ebenezer Ademola

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

LAGOS, July 7 (Reuters) - If successful, Nigeria's most ambitious independent
power project will be a beacon for other foreign ventures in the country, the
head of the project said at the weekend.
Dennis Skipper, project manager for AES Barge Nigeria Ltd, the Nigerian
subsidiary of the U.S. energy group AES Corp. , told Reuters in an interview
that many prospective investors based in the U.S. and Europe are watching
AES' attempt to generate 270 MW of electricity for Nigeria's power-starved
commercial capital Lagos.
"There is a great deal of interest in the United States to invest in Nigeria
and the success of this project is going to lead to an economic boom,"
Skipper said.
"Each year people invest in doing things in Nigeria, the risk factor goes
down - it has a snowball effect and attracts more investors," he said.
But just in case the political situation in Nigeria, which ended 15 years of
military rule in 1999, does turn for the worse, Skipper said AES has taken
out a $200 million political risk insurance policy from the U.S.-based
Overseas Private Investment Corporation (OPIC).
"If somebody seizes power and seizes my (power-generating) barges, I can be
paid," he said.
But after overcoming six months of repeated delays, Skipper said early
indications suggest the project will be a success and the company is has
large expansion plans.
READY TO SEND FIRST ELECTRIC BILL
Last month the generating barges - positioned next to the country's biggest
power plant at Egbin near Lagos - began injecting 60 MW into the national
grid.
Two additional barges are scheduled to be activated July 15, bringing the
project up to 120 MW. Skipper said the project should be operating at its
full capacity of 270 MW in September.
Nigerians have been anxiously watching the barge project in the hope that it
they will no longer have to rely solely on the erratic supplies of
electricity from the the State-run National Electric Power Authority (NEPA).
Africas' most populous country with more than 110 million people, needs about
3,400 MW daily but NEPA's decaying facilities generate only 1,500 MW.
Nigerians joke NEPA stands for "Never Expect Power Always".
At the end of July, AES will send its first monthly bill to NEPA.
"We've given away about $600,000 worth of electricity already," Skipper said.
He said $270 million has been invested in the project so far and AES is
negotiting with NEPA to expand the project by 60 MW to increase the capacity
to 330 MW.
TWO NEW PROJECTS IN WORKS
Skipper said the company is in advanced negotiations with NEPA on two new
projects The largest is a 800 MW extension to the Ughelli power plant in
Nigeria's oil-rich Delta state.
"We have actually built the engineering model that will be taken," he said.
"We have a financial proposal that in principle have been agreed to, all we
need to do is finalise the PPA (power purchase agreement)."
The second project is a 548 MW land-based power plant at Agbara, Ogun State,
an industrial centre near lagos.
When the Nigeria government privatises NEPA next year, Skipper said AES would
like to buy the Egbin power plant.
"AES is coming here to stay, we are not just here to make few thousand or few
million dollars and go home," Skipper said. "We came here to do business in
Nigeria, to be a Nigerian company."
To demonstrate AES's commitment to Nigeria, Skipper said the company is
creating a $500,000 education fund, which will provide scholarships and
promote education in the country.
AES bought majority interest in the barge power project from he original
contractor Enron Corp. in December. Nigerian energy firm YF Power Nigeria
owns the remaining shares in the business.

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

NEWS
FOCUS ON ENERGY / As the clock ticks, rifts remain in Calif. electricity
refund talks
DAVID IVANOVICH, LAURA GOLDBERG
Staff

07/07/2001
Houston Chronicle
3 STAR
1
(Copyright 2001)

WASHINGTON - California Gov. Gray Davis vowed Friday not to back down on his
demands electric power companies cough up $8.9 billion for overcharging the
state for electricity in the midst of a power crisis.
Negotiators from California and a group of power producers - including
representatives from Houston-based Reliant Energy, Enron Corp., Duke Energy
North America, Dynegy and El Paso Corp. - agreed to work through the weekend
in the hopes of resolving their refund disputes.
But with a Monday deadline fast approaching and the rhetoric still
confrontational, the two sides still sounded far from a negotiated
settlement.
The Federal Energy Regulatory Commission last month ordered the parties try
to reach an agreement. Otherwise, administrative law Judge Curtis L. Wagner
Jr., who is overseeing the negotiations, will craft his own compromise.
Wagner had threatened to issue his preliminary terms on Friday, only to back
off that warning to give the parties more time to haggle.
"We have several settlement offers pending," Reuters quoted Wagner as saying
Friday. Wagner added: "They could meet a consensus in a day or two if they
really wanted to."
Tamara Young-Allen, a spokeswoman for the commission, said Wagner is "very
optimistic. The talks are moving along."
But Wagner's optimism is not echoed by other parties at the bargaining table.
"Litigation is basically where we're headed," one industry source said early
Friday.
Davis claims the power companies overcharged the state to the tune of $8.9
billion between May 2000 through May 2001.
"Will I take less than $8.9 billion? No," the California governor told
reporters Friday.
Davis, however, has instructed his negotiators to make clear he is open to
several forms of repayments, including renegotiating some existing contracts
or contracting for future power at below-market rates.
California has been struggling to sign long-term power supply contracts, in
an effort to get away from its reliance on the volatile spot market, which
left the state's power companies vulnerable to the huge price spikes last
winter.
As of June 12, the state had signed deals totaling $42.8 billion with 18
different suppliers. As a result, California purchased only 1.9 million
megawatt hours of power on the spot market, down from 4 million megawatt
hours in May, Davis said.
Earlier this week, Davis' chief negotiator in the talks, California
Independent System Operator Chairman Michael Kahn, proposed allowing those
companies that have signed long-term deals to renegotiate those contracts for
lower rates. These discounts could be used to cover the refunds demanded by
the state, an industry source said.
But Davis said Friday he wants a substantial portion of the $8.9 billion in
the form of refunds.
The industry source complained that Davis has not been willing to go far
enough to reach a settlement.
Davis said Friday the state would not be willing to offer to drop ongoing
investigations that could result in civil or even criminal penalties as part
of those negotiations.
Companies from Houston, Oklahoma and North Carolina took advantage of
California, Davis said, "trying to suck us dry."
The power companies, meanwhile, are firing their own salvos.
In a report filed with the U.S. Securities and Exchange Commission Friday
titled "Myths Debunked: The Real Story of Wholesale Power Costs in
California," Reliant assailed the "disingenuous attempts . . . to paint the
picture that independent generators have been principal beneficiaries of the
increase in wholesale power costs in California."
Joe Bob Perkins, president of Reliant Energy's Wholesale Group, argued in an
interview that the higher wholesale prices in California were not caused by
generators trying to push up their operating margins.
Instead, Perkins argued, those prices were the result of a number of factors,
including high natural gas prices and a greater reliance on gas-fired power
generators because hydroelectric power was short.
Reliant's operating margin for its California operations between October 2000
through May 2001 - the peak of the power crisis - were $41.34 a megawatt
hour, the company revealed Friday.
This margin - which represents the profit for their generating operations per
megawatt hour - compares with $27.64 per megawatt hour in all of 2000, $11.21
in 1999 and $37.52 in 1998, the company said in its filing.
Between 1998 and 2001, the company's fuel costs rose seven-fold while its
sales quadrupled, said Reliant, parent company of Houston utilities Reliant
HL&P and Reliant Entex.
Reliant officials examined which companies collected the $27 billion paid for
wholesale power in California last year.
More than half the increase in cost, Reliant officials noted, went to
California's investor-owned utilities, San Diego Gas and Electric, Southern
California Edison and Pacific Gas & Electric, as well as the publicly-owned
Los Angeles Department of Water and Power.
"The real money stayed in California itself," Reliant said in its filing.
Gary Ackerman, executive director of the Western Power Trading Forum, a trade
association of wholesale power buyers and sellers in the Western states,
argued that "if the state of California insists on its fictitious number of
$8.9 billion, that won't help the negotiations any," he said.
If the parties fail to reach an agreement, Wagner will have one week to
devise his own settlement plan and present that recommendation to the full
Energy Regulatory Commission.
He said the talks would likely continue up to the midnight Monday deadline.
"Three minutes before closing time is when the most serious negotiations take
place," he said.

Mug: California Gov. Gray Davis: "Will I take less than $8.9 billion? No''
(p. 16)

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

BUSINESS
JUDGE URGES ON SETTLEMENTS FOR POWER OVERCHARGES
TOM DETZEL - The Oregonian

07/07/2001
Portland Oregonian
SUNRISE
B01
(Copyright (c) The Oregonian 2001)

Summary: About $15 billion in refund claims for electricity overcharges is at
issue at a settlement conference ordered by FERC
Optimistic that he can meet a looming deadline, a judge on Friday pushed to
keep a surge of momentum going in talks to settle as much as $15 billion in
refund claims for electricity overcharges across the West.
"We are making progress. We're swapping offers back and forth," said
administrative Judge Curtis L. Wagner, who earlier had threatened to issue
his own preliminary refund plan to give the negotiations a jolt.
Wagner said he dropped the threat after it served its purpose and to avoid
jeopardizing a deal before Monday, when the clock runs out on the 15-day
settlement conference ordered by the Federal Energy Regulatory Commission.
Oregon and Washington are among the parties at the meeting, which is aimed at
discharging financial and legal claims spawned by California's power
deregulation fiasco and the staggering wholesale electricity prices it
exported.
Huge sums are at stake.
California officials have demanded $8.9 billion in refunds for the year ended
in May, and some have put overcharges elsewhere across the 10 other states
connected to the Western power grid at as much as $6 billion.
Power suppliers such as Reliant Energy, Mirant, Dynegy, Enron and Duke Energy
dismiss charges of price gouging and counter that they haven't been paid for
billions of dollars worth of electricity sales into California.
Caught in a complicated middle ground are such Northwest utilities as
Portland General Electric, PacifiCorp, Puget Sound Energy, Avista Utilities,
Idaho Power, plus the Bonneville Power Administration and many consumer-owned
utilities.
In some cases, those utilities acted on both sides of the high- flying
wholesale power markets of the past year, benefiting from the extreme prices
when they sold electricity and paying a hefty premium when they were buyers.
How they might fare in a settlement is far from clear, and results might vary
greatly from utility to utility, said Bob Jenks, executive director of the
Oregon Citizens' Utility Board, a ratepayer advocacy group.
"For consumers in Oregon, it goes both directions," Jenks said. "If refunds
are ordered, some customers may see benefits from that, and a credit on their
bill. Other customers may see a charge on their bill."
He said PGE, for instance, made enough money off power sales last year to
withdraw a proposed 17 percent rate increase. Meanwhile, PacifiCorp was
forced to buy heavily into the wholesale market after its Hunter power plant
in Utah suffered a five-month generator failure. The utility wants a 15
percent rate hike starting Aug. 1.
Participants in the talks are under order to keep details confidential, but
Wagner on Friday shed light on a few areas:
* He said separate settlement offers were being prepared for his review by
Pacific Northwest parties and by utilities from outside California, but he
declined to clarify which utilities or states were behind each offer.
"There are so many parties in it, it's hard to keep them all in my head," the
judge said, explaining that some parties were represented in both offers.
* He described as "encouraging" statements by California Gov. Gray Davis that
the state might reduce its demand for refunds if power suppliers agreed to
renegotiate $43 billion in long-term power sales contracts with power
providers in the state.
Davis seemed to suggest for the first time Wednesday that renegotiating terms
of those contracts could be a way to deal with California's refund claim.
"We've offered various ways in which people could get us $8.9 billion," Davis
told the San Jose Mercury News in California on Wednesday. "You can
renegotiate our existing contracts and save us money. However you want to do
it, it's just got to net out close to $8.9 billion."
On Friday, however, Davis' chief representative at the conference stressed
that the state wasn't budging from its refund demand going into the talks.
"We came here saying we wanted $8.9 billion and we would justify the numbers,
and we want $8.9 billion," said Michael Kahn, chairman of agency that runs
California's power grid. "We have justified the numbers at every turn."
Kahn seemed to echo Wagner's optimism about the discussions, saying the judge
was doing "everything in his power" to reach a deal.
The settlement talks began June 25 at the insistence of FERC, which days
before ordered a broad expansion of market-based price controls across the 10
Western states that took collateral damage in the California-induced crisis.
Wagner said he had no plans to extend Monday's deadline. If no settlement is
reached, he is instructed to recommend one to FERC. That's one reason why he
considered putting out his own preliminary refund plan.
"It was just to put folks on notice that if they didn't settle, that this
might occur," Wagner said.
You can reach Tom Detzel at 503-294-7604 or by e-mail at
tom.detzel@newhouse.com.

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

Opinion
Sustainability isn't simple

07/07/2001
The Seattle Times
Fourth
B5
(Copyright 2001)

TWENTY-SEVEN wind turbines set to produce "green" electricity for 4,300 homes
have been stopped dead by a law to protect endangered species.
Who said sustainability was simple?
The species being so expensively saved is the Washington ground squirrel,
Spermophilus washingtoni. Gray with white spots, it is 5 to 7 inches long,
with a short, black-tipped tail and hints of red about the nose. It burrows
among the sagebrush along the Washington-Oregon border east of the bend in
the Columbia River.
Hardly a Goliath, the squirrel is asleep seven months of the year. In Oregon,
it lives only in three counties, and the state has listed it as endangered.
The machines it stops are 21st-century versions of the old Dutch windmill.
Made of steel alloys and guided by computers, they sip no oil or natural gas
and emit no carbon dioxide or sulfur dioxide.
Their fuel is free, though the power they generate is not because the
machines themselves are so expensive. They generate power at about $50 per
megawatt-hour--double the price of the late 1990s, but a nice price today.
The Stateline Wind Farm was to have created electricity for 70,000 homes. The
squirrel reduces that to 65,700. Presumably, the difference is to be made up
from Dynegy, Enron, B.C. Hydro or one of the other scalpers who now sell
power.
Do not curse the squirrel. Just be thankful it is not yet listed in
Washington.

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

NEWS
Campaign funds will pay for spots
Robert Salladay
Chronicle Sacramento Bureau

07/07/2001
The San Francisco Chronicle
FINAL
A.6
(Copyright 2001)

Gov. Gray Davis will begin a series of radio ads next week defending his
handling of the energy crisis -- further proof that political campaigning has
become a permanent sport.
Davis political adviser Garry South said the ads are designed to fill an
"information void" among Californians about what the state has accomplished.
But they are playing statewide just as millions of dollars of TV ads financed
by Republicans and power companies are attacking Davis.
"The campaign season has started early," said Rob Stutzman, a consultant with
the state GOP, which has not been involved with the anti-Davis TV spots
running since June 19.
Davis' 60-second radio spot takes the form of an "energy update," where the
governor informs listeners that "we" have licensed 16 new power plants,
including three Davis opened this month, and that "conservation is the best
way to fight back against high energy prices."
Davis' ads convey the same information as a series of state- financed "Flex
Your Power" ads run by the Department of Consumer Affairs, only those ads
don't mention Davis. Davis' campaign fund, worth well above $25 million, is
paying for the $150,000-per-week radio spots to avoid accusations he is using
state money to finance his political ambitions.
South dismissed the notion that the radio ads came in response to the TV ads
that make Davis a target, saying the governor's poll numbers are actually
going up. He said people laughed at the ads attacking the governor as
ridiculous, particularly one showing Davis in Red Square.
"One of the reasons we chose this ('energy update') tack," South said, "is
that people simply are not in the mood to have some full- out firefight and
some partisan battle about this problem. They are in a just-the-facts-ma'am
mood."
Stutzman said he didn't disagree with South about the ill-timed and partisan
nature of the TV ads, which are financed out of Washington, D.C., but he said
the governor is also launching a political firefight of his own.
"These ads, even though the the first iteration of them sound like public
service ads, very much are political ads," Stutzman said. "The reason they
may be poor political ads is they use the governor's voice, and I don't think
he has any credibility on this issue."
Davis already has updated his 2002 campaign Web site, www.gray- davis.com,
which includes an odd-looking caricature of the governor and a photo of Davis
standing with actor Martin Sheen, who plays a president on the TV show "The
West Wing." The Sheen photo dominates the home page.
"What we're trying to do with the Web site is have a little fun with it,"
said South, who declined to say whether Davis would run against President
Bush in 2004.
Last month, a conservative group with links to Republicans and energy
companies began running a series of ads blaming Davis for the energy crisis
and saying the state was suffering from "Grayouts."
Time magazine reported last month that hundreds of corporations had
contributed to the ads attacking Davis, who has accused Texas firms such as
Reliant Energy of "unconscionable price-gouging."
Reliant, which donated $10,000 to Davis before the energy crisis, has
contributed to the anti-Davis advertising effort, according to Time, and the
American Taxpayers Alliance hopes to raise as much as $25 million to keep the
ads running in California through July.
Scott Reed, a former campaign manager for Bob Dole's failed 1996 presidential
bid, formed the American Taxpayers Alliance in Washington to raise money for
the 30-second ads. He has refused to name his donors, and did not return a
call for comment yesterday.
Even though the 2002 elections are more than a year away, Republicans are
worried they are losing ground in Congress on Bush's energy policy, and
Davis' popularity has slipped somewhat in the polls.
But the ads mounted by both sides also are designed to change public policy.
Davis recently hired former Clinton-Gore campaign and White House strategists
Chris Lehane and Mark Fabiani, and Davis' public presence and political pull
dramatically increased.
Another conservative group, the 21st Century Energy Project, will begin
running TV ads next week in Washington to promote expansion of the energy
supply, more drilling and nuclear energy.
The $500,000, two-week advertising purchase is being coordinated by Ed
Gillespie, a former campaign strategist for Bush and a consultant for
Houston's Enron Corp., the world's largest energy trader.
Gillespie said yesterday his group wants to promote a "conservative,
market-oriented message" about energy, to counteract environmental groups
such as the Sierra Club. He said environmentalists aren't addressing the gap
between supply and demand, except through strict conservation.
"We're trying to shape the debate, because it's been pretty one- sided so
far," Gillespie said.

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


Following are the deals I changed to the correct time zones, per Will Smith's
list:

520330 - forward
373613 - forward
359846 - EOL
353314 - EOL
352613 - EOL
349391 - EOL
349389 - EOL
349242 - EOL
330282 - EOL
300686 - forward
272524.2 - forward
220845 - forward

Most of these were just April deals, and it looks like they all suffered from
the same incorrect default we ran into before. On the longer term deals I
made sure to choose "no" when it asked if I would like to clear all routes
for the deal; but let me know if you find anything out of the ordinary.

Thanks,
Kate

Cara Semperger
03/26/2001 10:47 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: More deals found by Will Smith

Do you want to look into these, the first one made me nearly wet my pants!  I
think I want a deal control professional on this one.............   :)


Hi Alan:

In our ongoing analysis of the MOU, and in our attempt to put together a
solution for California, we need to do a reality check on the implied curves
the Governor's consultants are using to arrive at their rate proposals.  To
ensure an "apples to apples" comparison, we're hoping to get our curve data
for 24X7 power, averaged on a quarterly basis, from 2001-2010.

Hoping that you can get that for us.  That possible?  Let me know.  Thanks a
bunch.

Best,
Jeff


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Thanks.  Wow, can you believe only a week?  (I bet you can.)  I'll be
thinking of you.  Best of luck.  Will miss you while you're out.


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Hi -

Our street address is 1400 Smith St., Houston, Texas 77002.  For your
information, Dorothy is no longer in our office.  Tori Wells is a new contact
person, in addition to me.

Thanks.

Rosalee

"Godwin Carmona" <godwin.carmona@aspeninstitute.org> on 06/20/2000 04:08:58 PM
To: <kenneth.lay@enron.com>
cc: "Alecia Smith" <alecia.smith@aspeninstitute.org>
Subject: Materials for Aspen ISIB's Business Leaders Dialogue

Dear Rosalie/Dorothy:

Tomorrow, we are sending to all participants via Airbourne, reading
materials for the Business Leaders Dialogue in Aspen, Colorado (July 27-30).
We have noticed that our mailing address for Mr. Lay is a p.o. box.
Unfortunately, our express courier will not ship to a p.o. box.  Is there a
street address that you can provide for Mr. Lay so that we can express mail
him his Dialogue materials?

Your assistance in this would be greatly appreciated.

Kind Regards,

Godwin Carmona
Program Coordinator
Aspen ISIB


I want verification from Tim, Chris Calger, and you that working on the RTO
West tariff and generation interconnect agreement is consistent with my "new
narrower role" as regulatory attorney for the West power desk and the
apporpriate priority for use of my time.  Should I ask them now or should I
wait until after we meet next week?


Please see the bold language in the article below about PG&E's recent SEC
filing.  Sounds like our "negative CTC's."

Michael--do you have a copy of that SEC filing?  MDS

NEW YORK (Reuters) - PG&E Corp.(NYSE:PCG - news), embattled parent of Pacific
Gas & Electric Co., said on Wednesday it is examining a restructuring of its
bank loans and commercial paper, and that bank lenders on a $1 billion
revolving credit facility to its California electric utility unit won't act
upon that unit's previously announced default until March 6.
San Francisco-based PG&E made the disclosures in a filing late Wednesday with
the Securities and Exchange Commission (news - web sites) (SEC). The utility
had about $1 billion in cash as of Tuesday, PG&E said.
A similar bank deadline affecting credit lines of Southern California Edison
(news - web sites), that state's No. 2 utility and a unit of Rosemead,
Calif.-based Edison International(NYSE:EIX - news), was to expire on Tuesday.
PG&E also said in its filing that as of Monday, Pacific G&E, California's No.
1 utility, may not have paid as much as $433 million of ``energy credits'' to
customers who have chosen to buy their electric energy from a provider other
than Pacific G&E. The utility is required under state regulations to offer
the credits, it said.
Pacific G&E and SoCal Edison have been unable to recover about $12 billion
because of a rate freeze imposed under California's 1996 utility deregulation
law, which has left them unable to pass on their soaring wholesale power
costs to consumers.


fyi  Marg
---------------------- Forwarded by Margaret Carson/Corp/Enron on 08/21/2000
04:17 PM ---------------------------
From: Simon Shih on 08/21/2000 03:57 PM
To: Margaret Carson/Corp/Enron@ENRON
cc:

Subject:


What better time to start thinking about the winter holidays than on
Halloween?!

Just a reminder that our happy little office will be hosting a Holiday Party
& Benefit Auction on Saturday, Dec. 2, beginning at 6 p.m. and lasting until
the wee hours of the morning. We hope that everyone will be able to attend,
which is why we're reminding you while the smell of pumpkin-insides and candy
corn is still fresh in the air.

We will be holding a benefit raffle and auction again this year, and all
proceeds will once again be matched by Enron Corp. Donations will be divided
between Portland's Raphael House, a shelter for battered women and their
children, and the Court-Appointed Special Advocates, a group that assists
foster children and at-risk youth throughout the court process.

But who said charity couldn't be a hoot? There will be a pangea of prizes and
a gaggle of goods for everyone (think Blazer tickets and autographed Blazer
basketballs!). And a BAND! A swing band! It will prove to be the most
fantastic Holiday Party this office has ever had....