AES Expresses Interest in Enron's India Project
The Wall Street Journal, 06/28/01

California Energy Firm Subsidiary Puts Rockville, Md., Headquarters on Hold
KRTBN Knight-Ridder Tribune Business News: The Washington Times - Washington,
D.C., 06/28/01

World-Wide
The Wall Street Journal, 06/28/01

INDIA: AES interested in Enron's Indian power plant.
Reuters English News Service, 06/28/01

Bush kicks off summer of fund raising with $20 million dinner
Associated Press Newswires, 06/28/01

INDIA: Japan bank may invoke Enron loan guarantee-paper.
Reuters English News Service, 06/28/01

India: Reinsurance rates rise 20 pc
Business Line (The Hindu), 06/28/01

U.S. firm enters local energy market
Lethbridge Herald, 06/28/01

Investigators may seek contempt sanctions against power generators
Associated Press Newswires, 06/27/01

State energy crisis may imperil future of deregulation, consumer choice
Associated Press Newswires, 06/27/01

Impact: Why Won't Vice President Cheney Say Who He Got Advice From on the
Energy Crisis?
Fox News: The O'Reilly Factor, 06/27/01

Senators Ask Army Chief to Step Away From Energy Issue
Dow Jones Business News, 06/27/01

UK: Companies prepare European gas trading contract.
Reuters English News Service, 06/27/01

International
AES Expresses Interest in Enron's India Project
By Daniel Pearl
Staff Reporter of The Wall Street Journal

06/28/2001
The Wall Street Journal
A13
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BOMBAY, India -- Power giant AES Corp. said it "would consider getting
involved" with rival Enron Corp.'s $3 billion Dabhol Power Co. project in
India, but Dabhol's backers so far don't see AES as a serious contender to
buy out the troubled electricity venture.
The 740-megawatt Dabhol project hasn't produced power for more than a month,
because of a payment and tariff dispute between the company and its sole
customer, the western industrial state of Maharashtra. Enron officials have
said it's unlikely any buyer would step in now, with Maharashtra insisting on
renegotiation of the project's 1,444-megawatt second phase and contractors
delaying its completion because of unpaid bills.
"We don't see that opportunity now," agreed Surender Singh, AES's executive
director in India. "They have to get [the dispute] resolved first." But he
added, "We are not denying we have an interest."
In a statement issued in India yesterday, AES said it has made "no formal
proposal to any stakeholders at this stage," but Mr. Singh wouldn't comment
on reports that the company had talked with one of Dabhol's lenders. He also
said AES wouldn't consider buying into the project unless it gained
management control.
Houston-based Enron has been trying without luck to sell a 15% stake in
Dabhol. Enron holds 65%, and the rest is split among General Electric Co.,
Bechtel Corp. and the cash-strapped government of Maharashtra. Enron is
believed to be looking for a way to leave the Dabhol project entirely.
The politically charged rate dispute appears increasingly to be heading for a
lengthy legal mediation, since Maharashtra is asking for much steeper tariff
reductions than Enron is willing to give. Also, Enron may wish to avoid
negotiating a new power-purchase agreement, which would allow a recently
formed state regulatory commission to claim jurisdiction over the project's
rates. The commission has already won the first round of a court battle
trying to assert its authority, though Dabhol is expected to appeal.
AES, Arlington, Va., is known for its willingness to take on political risks.
Still, some Dabhol officials worry that AES's vague expression of interest
will further muddy Enron's situation in India. The first of several local
newspaper articles quoting AES officials as wanting to take over Dabhol
appeared on June 16, just as Dabhol and its lenders were winding up a crucial
bargaining session with Maharashtra.

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

California Energy Firm Subsidiary Puts Rockville, Md., Headquarters on Hold
Chris Baker

06/28/2001
KRTBN Knight-Ridder Tribune Business News: The Washington Times - Washington,
D.C.
Copyright (C) 2001 KRTBN Knight Ridder Tribune Business News; Source: World
Reporter (TM)

The California energy crunch has forced a PG&E Corp. subsidiary to delay its
plan for a new $100 million headquarters in Rockville.
PG&E National Energy Group was expected to start construction this summer on
the 450,000-square-foot complex in Tower Oaks, a business campus off
Interstate 270.
The plans are now on hold because of financial problems within the parent
company that are rooted in the California power crunch, a spokesman said.
Another PG&E unit, Pacific Gas and Electric Co., filed for protection from
its creditors under Chapter 11 of the federal bankruptcy code in April. It
listed an $8.9 billion deficit.
That unit, which has 13 million customers in California, suffered when the
state changed its electricity regulations and the company was forced to buy
increasingly expensive wholesale power without the ability to pass the rising
costs to its customers.
"Even though our companies are completely separate, we believe it is prudent
to put the project on hold and focus on other parts of the business," said
David Mould, spokesman for National Energy Group.
The company develops and operates electric and gas power plants, and operates
one of the nation's largest energy-trading businesses.
It announced a new $550 million line of credit from several investment banks
last week and said in a statement it would use the money for working capital
and to "establish a credit identity that is independent of PG&E Corp."
National Energy Group currently occupies 320,000 square feet in Bethesda. It
has about 650 employees.
This summer, the company expected to begin construction in Tower Oaks on a
10-story office building with roughly 280,000 square feet and an adjacent
building with about 140,000 square feet.
Mr. Mould said he did not know when construction might begin, but that the
company is "still committed" to the project.
A spokesman for the Tower Cos., the north Bethesda group that is developing
Tower Oaks, declined to comment yesterday.
National Energy Group's decision to delay the project is "disappointing,"
said Stephen Christian, business development specialist for the Montgomery
County Department of Economic Development.
But the department, which helped National Energy Group plan the new
headquarters, believes the company will eventually get the project "back on
track," Mr. Christian said.
A spokesman for the Electric Power Supply Association said power companies
across the country are proceeding with expansion plans, even though some
government officials and industry leaders believe the problems in California
could signal a national energy shortage.
"The situation with PG&E is unique because of the situation in California,"
said Mark Stultz, vice president of public affairs and marketing for the
trade group, which represents power marketers and generators.
Energy giant Enron Corp. said yesterday it is nearing completion on a 1.2
million-square-foot addition to its headquarters in a Houston office tower.
Meanwhile, Orion Power Holdings Inc., a Baltimore company, said it still
plans to build new electric plants in Southern Maryland and Kentucky.
Other companies are planning plants in Fauquier and Loudoun counties in
Northern Virginia, although elected officials in those counties say they are
not needed.

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

What's News
World-Wide

06/28/2001
The Wall Street Journal
A1
(Copyright (c) 2001, Dow Jones & Company, Inc.)

The Army secretary was advised by Senate Armed Services panel members McCain
and Carnahan to recuse himself in decisions on utility contracts for bases.
Thomas White until this year was Enron's vice chairman.

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

INDIA: AES interested in Enron's Indian power plant.

06/28/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, June 28 (Reuters) - The Indian subsidiary of U.S. electricity firm
AES Corp on Thursday said it "would consider getting involved" in the
controversy-ridden Dabhol power project if an opportunity arose, but said it
had made no formal proposal so far.
U.S. energy giant Enron Corp could pull out of the $2.9 billion project as a
result of a bitter dispute with the Indian state utility that has contracted
to buy the power.
The wrangle had given rise to speculation that AES India could take over the
project from Enron's Indian subsidiary, Dabhol Power Corporation.
In a press statement, AES said it had neither made any formal proposal to
stakeholders nor received any.
AES was among the first global firms to enter India when its government
liberalised the power sector in 1992, and has so far invested a total $155
million in two separate projects.
In 1998, it purchased 49 percent of Orissa Power Generation Corporation, when
the eastern Indian state of Orissa's power assets were privatised.
In September 1999 it also acquired the Central Electricity Supply Company of
Orissa.
AES initially came into India intending to develop and operate a coal-fired
power plant in Orissa. But the project was delayed and is still under
development.
Enron's investment in the power plant, on the western coast of India, is the
country's single largest direct foreign investment.
But Dabhol Power Corporation and the Maharashtra State Electricity Board are
now in the midst of an acrimonious row that threatens to scupper the
high-profile project.
The power firm claims the state utility has reneged on its contractual
obligations by defaulting on payments, while the utility claims Dabhol has
also violated several clauses in the contract.
The dispute has brought bad publicity to Enron and hurt India's image among
foreign investors, including other global power firms which had eagerly
entered the potentially huge Indian power sector.
"The commitment and willingness of parties to a contract...is an important
consideration for our investment decision in any project," said AES's press
release.
"This is the basis for both our current investment and for any future
investment we may make in India or any other country."

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

Bush kicks off summer of fund raising with $20 million dinner
By SHARON THEIMER
Associated Press Writer

06/28/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

WASHINGTON (AP) - Republican lawmakers and donors partied around a giant "W"
at a presidential dinner that raised more than $20 million for GOP
congressional candidates.
The Wednesday night dinner opened what party officials say will be a summer
of fund raising by President Bush, first lady Laura Bush and Vice President
Dick Cheney for Republican House and Senate candidates.
The invitation offered those contributing $25,000 and up "the option to
request a member of Congress and their guest to complete your table of 10."
The biggest donors got a chance to mingle with President Bush and Cheney at a
predinner reception.
Bush thanked contributors profusely in an 18-minute speech that touched on
his policies on tax cuts, education and defense.
"Make no mistake about it: This dinner has one goal in mind, to make sure
Denny Hastert remains the speaker of the House and to make sure Trent Lott is
the majority leader of the United States Senate," he said.
More than 4,000 tickets were sold for the $2,500-per-plate event, topping the
record $11.7 million the GOP's House-Senate dinner took in last year, when
former President George H.W. Bush was the main speaker.
Donors in tuxedos and gowns dined and drank around a giant gold "W" that
reached to the rafters at the Washington Convention Center ballroom in honor
of President Bush. Grilled tenderloin, sweet potato and corn souffle and
assorted desserts were on the menu.
Those hoping for quality time with the president may have been disappointed.
He and Cheney left before the salad plates were cleared.
Hastert of Illinois, Lott of Mississippi and former House Speaker Newt
Gingrich of Georgia were among politicians mixing with contributors.
The dinner program listed dozens of corporate sponsors representing a wide
range of industries, including Microsoft, American Airlines, Philip Morris,
Enron, AT&T, Dow Chemical, Walt Disney and eBay, to name a few.
Bruce Gates, a lobbyist for the Health Benefits Coalition, was one of the
event's co-chairmen. The group of insurers and business associations is
fighting pending Senate legislation that would give patients broad rights to
sue their managed-care plans.
Co-chairman Jim Anderson of the National Association of Wholesaler
Distributors, which is also a Health Benefits Coalition member, dined at one
of the head tables with Cheney. Anderson said he has taken part in several
House-Senate dinners.
"We do it because we support the policies of this administration. We support
the policies of the Republicans in the House and Senate with respect to the
issues our members care about," Anderson said, citing taxes, labor-management
relations and health care.
The Republican and Democratic parties are both raising money at a record clip
for next year's battle over House and Senate control.
And both are rolling out star power - political and otherwise - to do it.
Wynonna Judd entertained donors at Wednesday's GOP fund-raiser. Roberta Flack
is performing at a $1 million Democratic National Committee event Thursday
night.
Former vice presidential candidate Joseph Lieberman is the featured guest at
the DNC fund-raiser. The Connecticut senator, Senate Majority Leader Tom
Daschle of South Dakota and former President Clinton have all headlined
Democratic fund-raisers in recent weeks and are expected to do more this
summer.
The Democratic Senatorial Campaign Committee is inviting big donors to spend
July 6-8 on the Massachusetts island of Nantucket dining and sailing with
Daschle and more than a dozen other senators. Those giving $20,000 in
federally regulated donations or $50,000 in unregulated "soft money" are
invited.
The McCain-Feingold campaign finance bill pending in Congress would ban the
large soft-money contributions the parties commonly take in at big
fund-raisers.
---
On the Net:
GOP congressional committees: http://www.nrsc.org; http://www.nrcc.org
Democratic committees: http://www.dccc.org; http://www.dscc.org

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

INDIA: Japan bank may invoke Enron loan guarantee-paper.

06/28/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, June 28 (Reuters) - The Japanese Bank for International Cooperation
(JBIC) has warned it may invoke the guarantee provided by Indian banks for
the foreign loan used to help build a $2.9 billion power plant which has quit
operating, an Indian financial daily reported on Thursday.
The Economic Times, citing unnamed sources, said the Japanese government-run
bank had "sounded a grim warning" during a meeting last week in Bombay with
officials of the Industrial Development Bank of India (IDBI), which often
serves as a representative of all Indian banks in this matter.
No IDBI official could be contacted to comment on the report.
The Economic Times said JBIC had a direct fund exposure of $258.21 million to
Dahbol Power Company (DPC), set up by Houston-based energy giant Enron Corp
to build a 2,184 MW power plant south of Bombay.
The newspaper said Indian institutions - IDBI, ICICI , State Bank of India
and IFCI - had guaranteed $524.24 million in foreign loans to the project,
work on which was halted earlier this month.
Generating capacity of 740 MW was completed in 1998, while a second phase
adding another 1,444 MW was almost complete when Bechtel and other
contractors ceased work on June 16.
DPC has been embroiled in a dispute with the cash-strapped state utility, the
Maharashtra State Electricity Board, which is the sole buyer of its power and
has defaulted on payments of $48 million to DPC.
The state utility stopped buying power from DPC in May.

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

India: Reinsurance rates rise 20 pc

06/28/2001
Business Line (The Hindu)
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

BANGALORE, June 27. REINSURANCE rates for India have escalated by 20 per cent
during the last three months. This escalation comes after the premiums went
up by 50 per cent in March this year.
Industry sources attributed this to the rising claims from the power sector
and the increase in the potential for claims by the sector.
Such potential is estimated by the industry using a methodology called the
"Probable Maximum Claim" ratios.
After this increase, reinsurance premiums are currently in the range of about
0.58 per cent of the sum assured. Till March this year, the premiums were in
the region of 0.47 per cent and in January it was about 0.25 per cent.
The claims from the energy sector have been on account of natural disasters
as well as accidents. Most of the claims are currently from the private
sector, specially in the generation segment. This is because very few of the
transmission / distribution companies' assets have been insured. Wherever
insurance cover has been taken, it has been mostly in externally- funded
projects.
Current estimates of reinsured assets in the country are in the region of
about Rs 2,500 crore. This approximately translates into a premium outflow of
about Rs 900 crore. This volume by international standards is treated as low.
In March when the premiums escalated, this was one of the reasons cited.
Moreover,, the sources said, during the last few months there had been a
weakening of the sentiment for India. Hence, the hardening of reinsurance
premiums. Among the reasons cited for the weakening were fears within the
reinsurance community that some of the force majeure clauses covering the
Dabhol Power Company (DPC) might be invoked.
DPC is insured for both political as well as non-political risks.
The fear is that the political risk component could be invoked by the project
promoters, Enron International, leading to high claims from the insurance
companies, which in turn was likely to devolve on to the reinsurers. Among
the reinsurers involved in providing cover to Enron international are
engineering insurance companies such as Munich Re.
The increase in premiums could also be on account of the low capital adequacy
levels of some of the new insurance entrants in the Indian market. For these
new companies, the retention levels, the ability to absorb claims into their
own balance sheet is low. Consequently, the premiums also tend to be on the
high side. On the other hand, the public sector companies have a capital
adequacy of a minimum of about Rs 2,000 crore and have high retention
abilities.
As a result, the companies that have been most affected by the premium
escalation have been the new companies, despite their partners being renowned
foreign companies.
- C. Shivkumar

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

Business Local
U.S. firm enters local energy market
Dave Mabell

06/28/2001
Lethbridge Herald
Metro
All material Copyright (c) Bell Globemedia Publishing Inc. and its licensors.
All rights reserved.

Another American company plans to sell electric power to Lethbridge
businesses. But Enron Direct has no plans to open an office here, officials
say.
And it's not taking on entrenched Epcor and Enmax in the residential market
in the foreseeable future.
"We want to sign up business and light industrial customers across Alberta,"
says Darren Cross, chief operating officer for Alberta. "Our plan is to use
direct mail and telemarketing."
In view of the non-competitive market that's remained despite the province's
attempts at power deregulation, he says even that approach should stimulate a
little competition.
"Competition hasn't happened," Cross says. "We plan to have people out
calling on business people right across Alberta."
Enron Direct will offer "competitive prices" for natural gas as well as
electricity, he says. But the company won't comment on the possibility it
might buy the gas distribution business recently put up for sale by the Atco
Group, one of a handful of gas and electricity producers that controls the
Alberta market.
As a subsidiary of North America's biggest gas and power wholesaler, Cross
says Enron can promise customers predictable term pricing and an assured
supply.
Enrom Canada already claims to be the largest wholesale buyer and seller of
both products in Canada.
"We're not going to have the lowest price in the market," Cross adds. "But
we'll always be competitive."
In Lethbridge, prospective customers in the Industrial Association of
Southern Alberta say they've heard it all before.
"We view this announcement with a degree of skepticism," says Chris Spearman,
the business group's chairman.
"A similar announcement regarding more competitive offers was made three
weeks ago by Enmax," he points out. "Our members have yet to see competitive
bids."
In today's market, Spearman says, high-use power consumers should be offered
prices in the range of four to five cents per kilowatt hour -- as they are in
neighbouring provinces.
"We are not receiving competitive bids in that range and believe the
deregulated market structure is a failure -- and is subject to price
manipulation," he says. "Real competition does not exist."
In the U.S., legislators are investigating charges that power prices were
manipulated in California and other western states, where deregulation was
also accompanied by promises of lower prices.
Spearman says Alberta industries' demand on the power system has fallen, in
response to record-high prices.
At the same time, some new power generation has come on stream -- and that
should have brought prices lower.
"But we continue to see a reluctance (by the power companies) to provide
competitive long-term pricing," he says. "Our members are paying rates that
are double the rates they paid in last year's regulated environment."
With Enmax as the city's "default" power supplier, its rival Epcor has
apparently been the only company in a position to offer Lethbridge businesses
an alternative price structure. But the Edmonton-company has no sales office
in Lethbridge.
Epcor also failed to replace a sales agent who left after been named the
company's sole representative in the Lethbridge area, as Epcor was announcing
its partnership in the seasonal Taylor Chute small-hydro project near
Magrath.
"Grand announcements are great for public image," says Spearman. "Now we
would like to see some substance to support them in the form of competitive
retail offers."
Any comments or questions? Contact the writer at
dave.mabell@lethbridgeherald.com

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

Investigators may seek contempt sanctions against power generators
By DON THOMPSON
Associated Press Writer

06/27/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO (AP) - A Senate investigatory committee may seek contempt
sanctions Thursday against power generators that have not turned over
subpoenaed documents.
If the Senate agrees, it would be the first such move since 1929.
"These are the same documents we requested April 5, and to date the summary
is: three months, zero documents," said Laurence Drivon, special counsel to
the Senate Committee to Investigate Price Manipulation.
The Senate Rules Committee subpoenaed the documents - which include details
on bidding, pricing and other aspects of power sales - earlier this month.
Generators said they haven't complied because they have not been able to
negotiate an acceptable confidentiality agreement.
Representatives of Reliant Energy, Dynegy Energy Services Inc., Williams
Energy, Enron Corp., Duke Energy and Mirant Inc. will each be given an
opportunity at a hearing Thursday to argue why they should not be held in
contempt, Drivon said.
If the committee subsequently votes to hold any company in contempt, it would
ask the Senate to impose sanctions. There are no set penalties, Drivon said -
by law, "the Senate can take such action as it deems necessary and
appropriate," he said.
Duke spokesman Tom Williams said his company has turned over more than 200
boxes of material to the California Public Utilities Commission, and has
complied with document requests by the state attorney general and Federal
Energy Regulatory Commission.
"We're been working with this (Senate) committee for weeks now, for over a
month, without reaching agreement" on a confidentiality guarantee, Williams
said. "There's proprietary information there, highly competitive information
that no company could be expected to release without this sort of agreement."
Telephone calls seeking comment from the other five companies were not
immediately returned.
The committee's chairman, Sen. Joe Dunn, D-Santa Ana, said the companies may
go to court to resist the subpoenas.
The last time the Senate imposed contempt sanctions was 72 years ago, when it
briefly jailed a balky witness during a committee's investigation of price
fixing and price gouging allegations involving the sale of cement to the
state, Drivon said.
The state Supreme Court eventually upheld the Senate's right to jail those
who fail to comply with its subpoenas, Drivon said, but ordered that
particular witness freed after determining senators hadn't followed all the
proper procedures.

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

State energy crisis may imperil future of deregulation, consumer choice
By DON THOMPSON
Associated Press Writer

06/27/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SACRAMENTO (AP) - California's energy crisis may claim a substantial victim:
deregulation itself.
"Never again will we embrace a free market - it's too expensive," Gov. Gray
Davis' chief energy adviser, S. David Freeman, predicted Wednesday.
"The marketplace is blind to the need for cleaner air, it is blind to the
needs of consumers in a shortage, and it produces a shortage with its
volatility," the former head of the Los Angeles and Sacramento municipal
power agencies told a Senate committee plotting California's energy future.
The state's flawed 1996 law freed wholesale electricity rates while capping
retail power prices, leaving the state's three investor-owned utilities
trapped in between.
Now the state has signed $43 billion worth of long-term energy contracts, and
created a power authority that could build its own power plants.
Its Public Utilities Commission stands ready to bar businesses from freely
swapping power providers - the incentive that prompted deregulation in the
first place.
Davis wants lawmakers to approve buying the electricity transmission lines
from two of the three cash-strapped utilities, and wants to buy the lines of
the state's largest utility, Pacific Gas and Electric, out of bankruptcy
court.
Consumer groups say the state should buy the utilities' hydroelectric
generation and other assets as well, as part of a return to regulation and a
shift to publicly owned power supplies.
"Look what deregulation and handing our electricity supply over to a bunch of
private companies has done for us - 50 percent (rate) increases and $20
billion in surcharges. Thank you very much, but no thank you," Harvey
Rosenfield of the Foundation for Taxpayer and Consumer Rights said last week.
He argued the state should buy all three utilities at their current
"fire-sale prices" - "We're talking about picking them up for a
dime-for-a-dollar when they're totally out of cash."
Enron Corp. President and CEO Jeffrey Skilling is among those urging the
state to do the opposite and create a truly open market. Public power only
drives up costs and lowers accountability, he said.
"If you had an open competitive marketplace and not put restrictions on that
marketplace, I guarantee you the price of power in California will be
significantly lower," he said in a San Francisco speech last week entitled,
"The arrogance of regulation."
"California needs to get deregulation right and the rest of the country needs
to get deregulation right," Skilling said, shortly after he was hit by a pie
thrown by an irate electricity consumer.
That means giving consumers more immediate price incentives, other free
marketers told the Senate Energy Committee Wednesday.
Tiered electricity rates would reward consumers who confine their electricity
use to lower, cheaper "tiers" of energy consumption.
Real-time electricity meters would let consumers see the price they are
paying at any given time of day or night, encouraging them to, say, run their
clothes dryer at 3 a.m. when power would be cheaper.
Business' demand for choice drove the deregulation movement, when industries
sought the ability to choose among energy wholesalers or generators rather
than being locked into buying their money through a local utility.
But PUC President Loretta Lynch predicted the commission will block that
choice Tuesday, for fear departing customers will leave residential and other
small consumers to pay a larger share of the $8.2 billion the state has
authorized for power buys.
The move was panned by generators and business groups as a step backward.
Southern California Edison Vice President Bob Foster predicted the state will
end up regulating all three legs of its power grid: generation, transmission
and distribution. Regulation is needed to smooth out the boom-and-bust
business cycle that California has seen so graphically in the last year, he
said.
Freeman predicted the state will likely wind up with some sort of "hybrid" of
government regulation that will rein in the excesses of a free market.
"It's impossible to say at the moment whether the (investor-owned) utilities
will revive," he warned. If they do, he said their corporate boards may opt
to chase the higher profits of the open market while shedding their
transmission and distribution systems to state control.
Yet Freeman and California Energy Commission Chairman Bill Keese predicted
residential and business consumers may soon see the sort of freedom of choice
they now could only dream about, once fuel cells, photovoltaic generation and
micro-turbines become commonplace.
"The future perhaps belongs to a whole new set of competitors," Freeman said.
"These central station power generators are not going to have it all to
themselves."

AP Photos SC108-109.

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

News; Domestic
Impact: Why Won't Vice President Cheney Say Who He Got Advice From on the
Energy Crisis?
Bill O'Reilly

06/27/2001
Fox News: The O'Reilly Factor
(c) Copyright Federal Document Clearing House. All Rights Reserved.

O'REILLY: In the "Impact" segment tonight, why won't Vice President Cheney
tell us who he got advice from on the energy crisis?
The General Accounting Office, the investigative arm of Congress, has asked
Cheney for a list of people he has talked with because some Democrats are
charging that big donors to the GOP are getting more access to Cheney than
other Americans. So far, Mr. Cheney has not turned over the list.
His office told us that the GAO has no legal right to know who the vice
president talked with and that making names public would discourage people
from seeking an audience with government officials.
You may remember Hillary Clinton tried to do the same thing with her
health-care debacle.
Joining us now from Arlington, Virginia, is "USA Today" energy and economics
correspondent Jonathan Weisman who is following the story.
JONATHAN WEISMAN, "USA TODAY": How are you?
O'REILLY: I -- I'm not -- I'm not getting why Cheney won't turn this over. I
mean, I know that they're saying the GAO doesn't have a right and all this
stuff. But so what? Just turn the list over, right?
WEISMAN: Yeah. Well, you know, they say that there's a principle here, that
they feel like they -- they won't be able to get free and unfettered advice
if whoever goes into the Oval Office is going to get grilled by the press
afterwards.
That doesn't make a lot of sense to me. I mean, a lot of people who go into
the Oval Office go to the press and brag about it. In fact, I talked to the
-- the chairman of Enron, the big natural gas company, told me all about a
meeting with the Cheney task force and all the advice that he had given him.
It doesn't make a lot of sense. I mean, they must just feel like it would be
embarrassing to see a big list of a bunch of energy executives who had met
with the Cheney task force.
O'REILLY: So you think that it's -- that possible -- and we -- this is
conjecture. I don't like to do conjecture, but because there's no reason --
concrete reason in my mind that this list wouldn't be put out there that it's
possible the list is stacked to the right with GOP donors and people who are,
you know, looking out for the energy area rather than the environmental area?
WEISMAN: Yeah, it's certainly possible. I mean, I -- I actually know some
environmentalists and some -- kind of the -- actually, old Clinton people who
met with the energy task force to share their views.
I know that both sides did do these meetings, but, I mean, by the way they're
being very cautious about releasing these names, you've got to think that
there must -- there must be something to...
O'REILLY: Yeah. Well, if it's 10-1, that's not going to look too good, and
that's the...
WEISMAN: Exactly.
O'REILLY: ... and that's why Democrats want it. They -- they want to
embarrass the Bush-Cheney administration, correct?
WEISMAN: Oh, the Democrats are looking for any way to make a Clinton era-type
controversy stick to the Bush people, and this one just worked perfectly
because, you know, it -- it was Hillary Rodham Clinton's task force that met
secretly that got grilled.
In fact, it was -- it was actually a civil suit against Hillary's task force
that forced them to release all -- all their names. There hasn't been a civil
suit filed, but these two Democratic members of Congress asked the GAO to do
an investigation, and the GAO took them up on it.
O'REILLY: All right. So we -- we've got to know that the motives are
political, that the Democrats want to embarrass Cheney and Bush, and they
might have an opportunity, if Cheney and Bush sought the counsel of, you
know, the energy industry people, the drilling people, and the -- and the
fossil fuel people, and then very few on the other side. So that could be
a...
WEISMAN: Right.
O'REILLY: ... a potential source of embarrassment, but I...
WEISMAN: Right.
O'REILLY: I believe that all -- this isn't a big story as far as Americans
are concerned. Just throw it out there. It's going to last for 10 seconds,
no?
WEISMAN: Well, the -- the funny thing is, when it was just, you know, Henry
Waxman and John Dingell, these representatives from Congress just kind of
badgering the White House, nobody paid much attention to it. It looked like a
little partisan spat, right?
As soon as the GAO, though, sent this letter saying, "Release this -- release
this information or else," it was elevated to a different realm.
Now it looks more like a battle between Congress, represented by its
investigative arm, the GAO, and the White House...
O'REILLY: Right.
WEISMAN: ... and it becomes a much bigger deal.
O'REILLY: Well, I think -- but the big deal for the people, and I don't care
about the GAO or Cheney's office or any of that, but the folks have a right
to know what's going on. I mean, that's the bottom line on this.
WEISMAN: Yeah, it looks -- it looks like they're hiding.
O'REILLY: Yeah. Well, they are. They are. They are hiding. Just like Hillary
Clinton hid her list, Cheney's hiding his list. That's what they're doing. It
doesn't look like it. That's what it is. I believe in open government. I want
to know...
WEISMAN: Yeah. And then...
O'REILLY: ... who's going in and what they're doing because the Clinton
administration abused that so by having Johnny Chung in there and everybody
else. I don't want that to continue.
I'll give you the last word on it.
WEISMAN: OK.
O'REILLY: The last...
WEISMAN: All right. Well, let me tell you. One -- one other thing. They --
they make a lot of legal arguments about why the GAO doesn't have access and,
you know, I'm not a lawyer, maybe they're absolutely right, but, you know,
the Clinton administration also made a lot of legal arguments, and we're
getting -- we're getting kind of tired of legal arguments.
O'REILLY: I -- I know I am, and I think everybody wants open government.
Mr. Weisman, thanks very much for your time.
WEISMAN: You're welcome.
O'REILLY: Plenty more ahead as THE FACTOR moves along this evening.
Will your investments come back? The Fed cuts interest rates again, but some
still say Alan Greenspan is not doing the job.
And then ABC News correspondent John Stossel in the middle of yet another
controversy. This time over kids and the environment. We'll talk with him.
And we hope you stay tuned for those reports.

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

Senators Ask Army Chief to Step Away From Energy Issue

06/27/2001
Dow Jones Business News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

Associated Press
WASHINGTON -- Two members of the Senate Armed Services Committee are asking
the new Army secretary to remove himself from any involvement with contracts
for military base utilities because of his ties to an energy company that is
pursuing the business.
Sens. John McCain (R., Ariz.), and Jean Carnahan (D., Mo.), made the request
Wednesday in response to a June 19 story by The Associated Press about Army
Secretary Thomas White's ties to Enron Energy Services, where he served as
vice chairman until earlier this year.
The two senators wrote the Army chief that they believe he should step aside
from the utility issue for at least a year to avoid the appearance of a
conflict of interest.
"No matter how impartial you would strive to be, the fact that you were
vice-chairman of Enron, have owned a substantial amount of Enron stock, and
recently lobbied on behalf of Enron on this very issue would raise in the
public's mind a question about whether your decisions would be totally
unbiased," they wrote.
Army spokeswoman Capt. Amy Hannah said Mr. White has "received the letter and
is currently studying the letter."
Mr. White has said he would recuse himself from Enron-related decisions if
there was a clear conflict of interest. He has been consulting with lawyers
on the question while selling his more than $25 million in Enron stock.
AP reported that Mr. White has been pressing to shift control of more
military base utilities into private hands, a multimillion-dollar business
Enron is pursuing. While at the company, Mr. White played an active role in
pushing for such contracts.
Sens. McCain and Carnahan, whose committee reviewed the Army secretary's
nomination, told White that even if he sells his stock, "there would be a
clear appearance of a conflict of interest" if he takes part in any matters
related to Army utility privatization for at least a year.
At the least, the Pentagon should release its determination on whether the
value to the government of Mr. White's participation in the issue "outweighs
the very significant appearance problems that such participation would
entail," the senators wrote.
In a cost-cutting move in December 1998, the Pentagon ordered each branch of
the service to hire energy companies to run the electric, natural gas and
other utilities on military bases.
Mr. White said earlier this month that the program should be moving faster.
He noted that the Army's Fort Hamilton in New York is the only Army base to
turn over all of its utilities to a private company. Enron won the $25
million, 10-year contract in 1999.
"I see no reason whatsoever why the Army is in the energy business," Mr.
White said. "It's a stupid business practice for the Army to be running
itself that way."
Enron has a bid pending to run utilities at several Texas bases, including
seven Air Force bases, a naval base and the Army's Fort Bliss in Texas.
Copyright (c) 2001 Dow Jones & Company, Inc.
All Rights Reserved

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

UK: Companies prepare European gas trading contract.

06/27/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, June 27 (Reuters) - European energy companies will meet in London on
Thursday to discuss plans for a standard European natural gas trading
contract, the European Federation of Energy Traders said on Wednesday.
"The meeting in London will be with lawyers and traders to discuss a draft
contract," Jan van Aken, secretary general of the European Federation of
Energy Traders (EFET) told Reuters.
He said a contract had been prepared by a working group of five companies who
were picked for their involvment in discussions to prepare a similar European
electricity trading contract.
The firms involved are Germany's RWE , Essent from the Netherlands, UK-based
Centrica , U.S. utilities Enron and Mirant , formerly known as Southern
Energy.
Van Aken said there would be consultation with the industry on the draft,
adding he hoped the contract would be ready by the end of the year.
The European Union started to open its gas markets to competition in 2000, a
year after a similar process began in the electricity sector.
Britain, which has liberalised the whole of its gas industry, has the most
liquid gas trading market in Europe.
In the rest of the EU, most gas is sold under long-term contracts although
trading centres have started to emerge at Zeebrugge in Belgium, the entry
point to the interconnector pipeline to the UK, and at Bunde on the
German/Dutch border.

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


Oregon Law Journal June 2001: The site is up waiting for you: Many new
articles, recent cases, case summaries, federal court news, Attorney General
news, US Supreme Court cases including medical marijuana, two Texas lawyers
have an article on Telemedicine, (issues that are similar to
multijurisdictional law practice issues), Steve Bass from PC World is back,
writing about Web Privacy matters,? articles on recent employment cases and
on? recent land use cases appear and much? more is on the site.? A new
feature is our archive directory by article title - look that over.

For our Washington lawyers we have a new site:
Washington Law Journal at: http://www.washingtonlawjournal.com

Here is the link for the Oregon Law Journal:
http://www.oregonlawjournal.com


Anita,

Please, FedEx to him  the book plus reprints of my papers.
Shirley knows where they are.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/19/2001
10:37 AM ---------------------------

"mark kierlanczyk" <mkierlanczyk@hotmail.com> on 04/18/2001 02:23:53 PM
To: vkamins@enron.com
cc:
Subject: My address

Mark Kierlanczyk
Friedberg Mercantile Group Inc
67 Wall Street, Suite 1910
New York, NY 10005
tel 212 943 5300

Thank you, Vince, for the materials.

My best regards - Mark
_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


we have improved our defense and our starting qb, who is better than yours,
was out.  plus we will have two more stud rb's back and some new defensive
personnel.


Hi.  Sorry for the delay.  Today's big FERC hearing has had me wrapped up.
Please read the following and keep VERY confidential---it's an internal PG&E
summary.  Electronic version of OII to follow.

Best,
Jeff
******************************************************************************
****************
Yesterday, the Commission issued an OII to determine the
> adequacy of Sempra Energy's, SoCalGas' and SDG&E's gas transmission
> practices and to determine what measures need to be taken to correct any
> deficiencies.  The OII orders the Sempra affiliates and parent to
> demonstrate that SDG&E's gas supply and transmission system are adequate
> to provide service to present and future core and noncore customers.
>
>       As you may recall, the OII sprang from an AL that SDG&E
> filed in August requesting emergency review and approval of its proposals
> to temporarily revise gas transportation service elections to its noncore
> customers.  SDG&E subsequently pulled the advice letter after the
> Commission issued a resolution rejecting it and outlined an OII it was
> going to issue on this matter.  The language in the OII that was issued
> yesterday is substantially similar to that which was in the Commission's
> original draft resolution.
>
>       The Sempra companies have been ordered to appear at a soon
> to be determined PHC to show cause and demonstrate that:
>
>       1. SDG&E has adequate gas transmission supply for the
> 2000/2001 winter heating season, as well as the longer term supply
> throughout the year.  If supply is inadequate, SDG&E shall submit plans
> for obtaining adequate supply.
>       2. SDG&E gas and transmission supply is adequate to meet
> anticipated need for gas fired generation.  If not, SDG&E shall submit
> plans for obtaining adequate supply.
>       3. SDG&E's gas transmission service is not being adversely
> affected by interests of its corporate affiliate.
>       4. Recently added demands on SDG&E's capacity are not
> negatively impacting supply for SDG&E's customers. and otherwise
> consistent with representations made to the Commission.
>       5. SDG&E's current gas curtailment rules are just and
> reasonable; if not, SDG&E shall propose changes.
>
>       We are going to need to keep a careful eye on this
> proceeding as it develops to make sure it stays focused on events in
> southern California.  Commission Bilas gave me assurances last week before
> the OII was issued that it was a Sempra problem, not a statewide problem.
> However, given everyone's sensitivities to EG concerns, its a proceeding
> that could easily be expanded beyond its current narrow focus.  I'll
> forward you all a copy of the order later today.
>
----- Forwarded by Jeff Dasovich/NA/Enron on 11/09/2000 12:02 PM -----

	Susan Scott
	11/09/2000 09:41 AM

		 To: Jeff Dasovich
		 cc:
		 Subject: New OII

The proceeding is I0011002; I think the order was issued Nov. 2.

---------------------- Forwarded by Susan Scott/ET&S/Enron on 11/09/2000
09:40 AM ---------------------------

Susan Scott
11/06/2000 02:28 PM
To: Jeff Dasovich
cc:

Subject: New OII

Jeff, I read in Gas Daily that the Cal PUC has issued an OII on the adequacy
of supply and pipeline infrastructure in southern California.  Could you have
someone send me a copy of the order whenever it is issued?  Steve thinks it's
something we might want to get involved in, but I need to know more.

Great to see you last week.

Ciao,
Susan


Attached find a letter to Sierra Pacific about our transmission and
interconnection requests.  Due to Nevada Power's dilatory tactics to date and
the pendancy of financing for the project, Ed, Don, Stan, Jim G., and I agree
that the letter takes the necessary tone and should ask Sierra to file with
FERC the agreements (unexecuted) if Sierra doesn't give EPMI an executable
contracts by 2/28/01.  If we are going to make this demand we need to send
this letter ASAP.


The Chronicle is developing a front page story  based on a Garnett Coleman
idea to change state law to allow Sports Authority  tax funds to go to fund
public hospitals.
?
It is my judgement that this story and the spin  afterwards could easily
shave 10 points off our yes #'s and make this a  horserace again.
?
It is even worse than the stealth tax increase in  '96 because it cuts to the
heart of voters' objections to the funding of sports  facilities. And it
takes away our reponse that this money cannot legally ever be  used to fund
hospitals or education. This was the basis of their successful  attack in
'99---only this time we don't have any real response.
?
The Chronicle has delayed this story for  one day.
?
I won't waste your time reviewing the various  things we have done to spin
this better. We have done many things. But it is  like putting bandaids on a
gaping chest wound.
?
Could you call Jack Loftis or Sweeney at  the Chronicle? We need to downplay
it or kill it. I have more info if you want to  talk---713-851-2576.


The trade confirmation for your order(s) is now available online at etrade.com(sm).
Use the URL(s) below to view (customer log on required).

The information contained in this confirmation shall be binding upon you if you do not object,
either in writing or via electronic mail, within two (2) days after the confirmation is first received by you.

Document ID: 20010627024442298700058180
https://trading.etrade.com/cgi-bin/gx.cgi/applogic+accttaxbridge?page=CONFIRM&cmd=display&doctype=cnf&document_id=20010627024442298700058180
Document ID: 20010627024442298700058181
https://trading.etrade.com/cgi-bin/gx.cgi/applogic+accttaxbridge?page=CONFIRM&cmd=display&doctype=cnf&document_id=20010627024442298700058181


All,

Attached, for your information, is  a copy of a general presentation that I
prepared to illustrate and describe EGM's businesses.  This is a presentation
that will become a "living" document to communicate our businesses and
growth.  I will be making numerous changes as we move closer to the analyst
meeting in January but I wanted to give everyone a copy of this version.

Please don't hesitate to call me if you have any questions or comments.

Mike


Start Date: 10/18/01; HourAhead hour: 10;  No ancillary schedules awarded.  Variances detected.
Variances detected in Energy Import/Export schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101810.txt

Error retrieving HourAhead price data - process continuing...
---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 10 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 10/18/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_SRP
  ENGY_TYPE: FIRM


Ercot Traders:

I will be out of the office beginning tomorrow and returning on Monday, Nov 19th.  While I'm out, please contact Tim Carter (he sits to my right) with any questions you might have.  If there is anything I can address for you before I go, I will be in the office until about 2:30 today.

Thanks and I'll see you when I get back!

Andrea


these are 50 mw - they've been changed.

Kerri Thompson@ENRON
02/15/2001 11:58 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: apb

do you know that status?

Kerri Thompson
02/14/2001 03:29 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb

523212
523213

broker has 50 mws on both


Alan, I just called our counsel on this matter this morning to find out the
status.  I believe that Cline has different counsel now, and I will find out
about this asap.  Michelle

	Alan Aronowitz
	06/08/2000 09:20 AM

		 To: George McClellan/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT
		 cc: Daniel Reck/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT, Wayne
Gresham/HOU/ECT@ECT
		 Subject: Re: Clonch lawsuit

Michelle:

Please look into this and speak with our Charleston counsel, and then apprise
the people copied on this note.

Thanks, Alan

	George McClellan
	06/07/2000 10:45 PM

		 To: Tom Mcquade/HOU/ECT@ECT
		 cc: Daniel Reck/HOU/ECT@ECT, Alan Aronowitz/HOU/ECT@ECT
		 Subject: Re: Clonch lawsuit

Thanks Tom.  If he calls back tell him to speak with Alan.

Tom Mcquade
06/07/2000 04:17 PM
To: George McClellan/HOU/ECT@ECT
cc: Daniel Reck/HOU/ECT@ECT
Subject: Clonch lawsuit

I was contacted by Cline's attorney who is handling the Clonch lawsuit.  He
wants to depose Enron emploees with direct knowledge of the events leading up
to suit filed by Clonch.  I told him that we will have an Enron lawyer
contact him.  He is apparently in direct contact with the firm in Charleston
representing us.  I will wait until we talk before contacting anyone
regarding the matter.


Total gross margin/mmbtu for 2001: (includes merchant activity, peakers, etc.)excludes EES Wholesale=

3,643,000,000/152,246,250,000=.024

gross margin related to gas, power, orig & drift for 2001 (excludes EES Wholesale):

2,705,000,000/152,246,250,000=.018

Total gross margin/mmbtu for 2001: (includes merchant activity, peakers, etc.)includes EES Wholesale=

3,115,000,000/152,246,250,000=.02

gross margin related to gas, power, orig & drift for 2001 (includes EES Wholesale):

2,177,000,000/152,246,250,000=.014

-----Original Message-----
From: Kitchen, Louise
Sent: Tuesday, October 09, 2001 10:25 AM
To: Killen, Faith
Subject: What is our

Gross margin per mmbtu for 2001
--------------------------
Sent from my BlackBerry Wireless Handheld


Just to clarify the Canadian situation, we will not be able to assign the MSA's to NETCO without the customer's approval.  To date, this has not occurred.

 -----Original Message-----
From: 	Yanowski, Tommy J.
Sent:	Wednesday, January 02, 2002 2:50 PM
To:	Perlman, Beth; Johnson, Jeff; Stock, Steve; McAuliffe, Bob
Cc:	Webb, Jay; Burchfield, Richard; Beck, Sally; Piper, Greg; Kitchen, Louise; Hedstrom, Peggy; Koehler, Anne C.; Redmond, Brian
Subject:	IT & Back Office Service Agreements

Enron North America and Enron Canada are still providing IT and Back Office Services to several parties.  Beth has expressed some concerns about the estate's ability to be able to support  a production trading environment once a split of applications and hardware is made between NETCO and the estate.  Given this we need to make some decisions as to how to best handle these services agreements.  Here are some suggestions:

Peggy Hedstrom, in Calgary would like to assign the Enron Canada Master Services agreements to NETCO and continue to service those via that entity.

Bridgeline, which is a JV in which ENA owns a 40% interest, currently has no way that they can support themselves.  They are totally dependent on Enron for everything from email, internet, network services and office applications as well as trading, risk and back office applications.  If there are concerns about the estate's ability to support Bridgeline then it may be in Enron's best interest to assign this agreement to NETCO.

AEP/HPL is more of a stand alone operation.  They have their own infrastructure in place and currently provide for their own email and office support services.  They have also brought up with their own version of our SCADA system and are in the process of trying to bring up their own version of our Pipeline Operations system.  If we sell them our version of PGAS to support their measurement operations they will then try to tie these applications into their own Trade Blotter, Open Link Financials and Altra.  Their goal was to try and have all of this in place by sometime in June of this year.  Given all of the Commercial conflicts with AEP regarding the sale of HPL it may make the most sense to leave this agreement with the estate and suggest that AEP try to be stand alone ASAP.  That way if the estate defaults on the service agreement then they can at least manually rekey information from one system to another until they have put in their own integration between the applications listed above.

Please let me know if you have any comments or if it makes sense to put together a meeting to discuss the issues of Service Agreements.

Tommy J Yanowski
Sr. Director - Enron Net Works
Work # 713.853.6858
Cell # 713.539.7094

 -----Original Message-----
From: 	Perlman, Beth
Sent:	Wednesday, December 19, 2001 3:54 PM
To:	Johnson, Jeff; Stock, Steve; McAuliffe, Bob
Cc:	Webb, Jay; Yanowski, Tommy J.; Burchfield, Richard
Subject:	RE: Integration Test Planning / Coordination Mtg Summary

The AEP and Bridgeline deals must be investigated.  There is no way the estate can support a production environment.  I will be reviewing the contracts to determine our obligations and possible alternatives.

Beth

 -----Original Message-----
From: 	Johnson, Jeff
Sent:	Wednesday, December 19, 2001 2:23 PM
To:	Stock, Steve; McAuliffe, Bob; Greig, Iain; Nommensen, Dave; Ward, Bob; Sanvido, Terry; Wei, Zhiyong; Nat, Steve; Harmon, Kenneth M.; Warner, John; Saleem, Aftab; Smith, Regan M.; Hillier, Bob
Cc:	Webb, Jay; Perlman, Beth
Subject:	Integration Test Planning / Coordination Mtg Summary

Key Planning Assumptions
1) Jan 20 go live
2) New Co Conversions must be completed and tested by application teams by Jan 15. This assumes all major production data setup - users, rights, books, global data - is completed and tested on a per application basis. Some code changes may still be in process but integration testing can begin to ensure the applications still talk to each other.
3) Integration test planning focus will be to run representative transactions from EOL to SAP through all core trading applications to ensure that applications and interfaces still work. We will not be testing functional permutations, data conditions, validation or exceptions to any significant degree.
4) Each application conversion team must test their changes before approving their changes for integration testing. We are operating from the premise that data, infrastructure and code changes have been tested at a application system level before the enterprise integration test starts.
4) All systems will be physically split (even Unify at this point).
5) Integration test team will develop and execute the test plan for both Estate and New Co.
6) We will integrate key business reps into the process for planning and execution and they will have shared responsibility for signoff on the test to support go live to production.
7) We will minimize the differentiation between New Co and Estate for conversion and test team purposes. There are two teams - Conversion and Integration Test. Each team will focus on both Estate and New Co. Resources are too tight and the process is too inefficient to separate responsibility.
8) Estate conversions must happen at the application level before New Co conversion work can begin in earnest. Estate conversion is on the critical path for New Co.

Key Issues
1) We will push to get a decision to see if we can focus on financial trading first, then physical. If financial is the focus, delivery risk goes down dramatically. For now, we must plan on the worst case -- physical and financial on Jan 20.
2) We need both a dev and a test environment for all systems that support AEP and Bridgeline in Estate. This means that we need a dev environment (and HW gap addressed) for Unify, Sitara, CPR, TAGG/ERMS. Conversion teams need to coordinate with infrastructure immediately on this issue to make sure we're in synch.
3) Unify servers probably can't be owned by New Co while running a single license of Unify.
4) Some systems are using 'short name' instead of Duns ID as a key for counterparties from Global. The Global, TAGG / ERMS, Unify and SAP reps must quickly define the best approach for making global data changes and minimizing hard coded reference id risks.
5) We must clearly define limits of conversion and test scope to hit these potential dates. We must focus on core systems with only core changes required to support day one trading.
6) We can only convert Estate over the weekend due to AEP / Bridgeline considerations. The time window will be very small.

Core Conversion Team
1) Steve Stock - Applications
2) Bob McAuliffe - Infrastructure
3) Ziyong Wei
4) Steve Nat
5) Dave Nommensen
6) Ken Harmon
7) John Warner
8) Bob Ward
....

Core Integration Test Team
1) Jeff Johnson
2) Iain Greig
3) Aftab Saleem
4) Terry Sanvido
5) Regan Smith

Program Coordination
1) Jane Henry
2) Steve Simpson

Next Steps For Integration Test Team
1) Due 12/20. Define integration test approach and id test script and expected results templates. Owner: Aftab Saleem / Regan Smith
2) Due Jan 3. Application system flow diagram at appropriate granularity for communicating flow on integration test for core systems. Owner: Terry Sanvido / Steve Simpson
3) Due 12/20. Identify list of core systems for test purposes. Identify key IT owner and key business owner and respresentative for integration test. Owner: Iain Greig.
4) Due 12/21. Define integration test workplan for integration test planning and execution for both Estate and New Co. Owner: Jeff Johnson
5) Ongoing. Participation in daily program management coordination meeting at 8:30. Owners: Jeff Johnson, Iain Greig, Aftab Saleem.
6) Due 12/21. Organize meeting with key users and IT contacts to communciate foundation assumptions, context, team and approach for integration test. Develop first cut at sample trade transaction set. Owner: Iain Greig / Aftab Saleem.
7) Completed. Contact Bob Hall, Leslie Reeves, Bob Superty, Brice Baxter to communicate above and set up meeting to begin planning with them on the integration testing process. Owner: Jeff Johnson
8) Due 12/21.  Refine core system list with IT owners and Business owners for integration test purposes. Owner: Iain Greig.
9) Due 12/20. Set up Integration Test folder on O drive under Infotech / Development Support.  Owner: Aftab Saleem.

Let me know if you have questions or changes. I am out tomorrow but I'm back on Friday.

Thanks.


Please distribute to your book administrators:

If you enter deals with the following entities, please use the TAGG shortname
below and Enron entity of ECC:

Counterparty    TAGG shortname

AEC Oil & Gas (any AEC name)  AEC-OIL&GAS

Alberta Energy Co.   AEC-OIL&GAS

Agrium     AGRIUM

Dynegy Canada   DYNEGYCAN

Engage Canada   ENGAGEENECAN

TransCanada    TRANSCANENEFIN

Duke Energy Mkt (Canadian point) DUKEENEMARLTD

Thanks for the help.
Joe Hunter


Kristina:
I'm thrilled that you are coming.  I'll e-mail you directions soon and I
can't wait to see you.  I'm doing well.  Believe it or not, I'm playing alot
of tennis (word spread at our club that i was home during the day) and with
Bill home we pretty much just "tag- team" it with Charles  and the club
provides babysitting services which we sometimes use.  This has been a great
outlet for me and a way to get back into shape which will take some time.
Arthur is still very much into tennis and starting to play competitively.
I'm just keeping my fingers crossed that he keeps it up.  As for Charles,
he's now 13 lbs., 6 ounces and almost 23 inches long.  I have stopped
breast-feeding and started bottle feeding him which seems to work better
particularly at night.  He now wakes up usually just once at night and I'm
starting to get more sleep which is nice.

Don't worry about waking anybody up when you call here.  Bill is usually here
and Charles doesn't sleep much during the day anyway.  I've thought about
coming up to the office a few times but  with Bill's schedule, Arthur's
tennis and my tennis, I just haven't found a day that works.  Hopefully I'll
get up there soon although I must sound like a broken record by now.  Hope
you are doing well and I look forward to seeing you soon, as well as having
you meet my parents and sister and of course see Charles again.  Talk to you
soon.

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

	Kristina Mordaunt@ENRON COMMUNICATIONS
	09/13/00 08:48 AM

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

Carol- Just got the invitation- had been wondering how you were doing.  I
plan on attending.  Could I trouble you for directions??

Call just to let me know how you are doing... I am leary of calling the house
b/c you may have just gotten Charles or yourself down for a nap and the phone
rings!

Kristina


Please educate me - what are the current cashout rules?


Becky,

I gave the %% for EGM to Shirley. I assume she communicated this info to you
already.
I assume EGM includes F/X - I/R (Gary Hickerson), weather, insurance (Jere
Overdyke),
oil trading and coal.

For CALME I don't have any info. Let's split the cost evenly.

Vince

Becky Pham
11/02/2000 02:11 PM
To: Shirley Crenshaw/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Research allocation

Shirley,

GRM is now with EGM group.  EGM wants to verify that the 17.5% we are going
to allocate to GRM is for the Insurance, Jere Overdyke group.  EGM seems to
think that their Weather, Mark Tawney group, is receiving support from
Research.  Also, can we break out the support for CALME?  CALME is going to
split into 3 BUs and I am trying to determine who I need to bill for Research
supports.  If you have any questions, call me.  Thanx.


---------------------- Forwarded by Irena D Hogan/HOU/ECT on 04/25/2000 05:02
PM ---------------------------

Brent A Price
04/25/2000 02:05 PM
To: Sally Beck/HOU/ECT@ECT, Kristin Albrecht/HOU/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, D Todd Hall/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT,
Brenda F Herod/HOU/ECT@ECT, Michael E Moscoso/HOU/ECT@ECT, Eugenio
Perez/HOU/ECT@ECT, Scott Pleus/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT,
Stephen P Schwarz/HOU/ECT@ECT, James Scribner/Corp/Enron@Enron, Mary
Solmonson/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT,
Norma Villarreal/HOU/ECT@ECT, Kim Melodick/HOU/ECT@ECT, Georgeanne
Hodges/HOU/ECT@ECT
cc: Patti Thompson/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT, Kelly
Templeton/Corp/Enron@ENRON, Lynn Tippery/HOU/ECT@ECT, Yvette G
Connevey/Corp/Enron@ENRON, Maria Sandoval/HOU/ECT@ECT, Inga
Latson/Corp/Enron@ENRON, Irena D Hogan/HOU/ECT@ECT, Kimberly
Perkins/HOU/ECT@ECT, Marvia Jefferson/HOU/ECT@ECT, Cecilia
Olvera/HOU/ECT@ECT, Jennifer Jordan/Corp/Enron@ENRON
Subject: Organizational Changes

Please forward this e-mail to your teams regarding recent organizational
changes within Gas Operations.


Attached please find an updated presentation.  Louise has expressed concern
about the slides containing spreads, # of products and # locations.  I know
this is the message you want to deliver.  I'm trying to touch base with
Louise on this.


Friday was so perfect.  It snowed huge snow flakes.  Accumulation was just
about 1/4 inch. The temperature was about 35 degrees and it wasn't windy-so
it was just a great day to walk the streets and take in all the snow.  It
just felt like Christmas.  We took a  carriage ride around Central Park and
they dropped us off at Tavern on the Green for lunch.  Met one of my contacts
at Prebon for lunch and he  paid for it. .  Good  thing because we were
drinking mimosas at $10.00 a pop.  We saw two great plays-Aida and the Lion
King.  Excellent. Actually, Aida may be the best broadway play I have ever
seen.  The music was awesome.  Lion King had great special effects with all
of the costumes. The people were dressed like animals and it was really
cool.    Prebon got us tickets for that too-first row-center section-mezz.
level.  In other words-perfect seats.  On Saturday, we mostly shopped during
the day.  Deb bought herself a new David Yurman diamond ring  and red leathe
coat. You can't believe the people that were shopping.  We went to FAO
Schwartz early-9:00 a.m.-and at 3:00 the line was clear around the building
to get in.  The large department stores were like that too-hoards of people.
You could hardly walk down 5th avenue, it was so crowded.  I have never seen
so many mink coats in my life.  Everyone had one on.  The hotel we stayed at
was excellent.  It didn't have the view you did.  Nothing will ever match
that.  But all three of us stayed in one room and the room was huge and
nicely decorated.  All three of us were able to get ready in a span of one
hour.  We ate at some good restaurants too.  The first night was this small
Italian restaurant.  Very authentic.  They took good care of us.  The second
night was Thai-food was excellent.  The third day was French.  YUM YUM.  We
got out of town just in time.  We really lucked out.  I would go back agai n
if the right opportunity came up.


_____________________________________________________________
http://www.osubeavers.com - The Official Athletic Site of Oregon State
Beaver Fans! Get your FREE email at --> http://mail.osubeavers.com!
 - jackson.jpg


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 03/21/2001 09:42 AM ---------------------------
From:	John J Lavorato/ENRON@enronXgate@enronXgate on 03/15/2001 05:41 PM
Sent by:	Kimberly Hillis/ENRON@enronXgate
To:	Louise Kitchen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Thomas A Martin/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mark Dana Davis/HOU/ECT@ECT, Fletcher J Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Karen Buckley/ENRON@enronXgate, Chuck Ames/NA/Enron@Enron, Bilal Bajwa/NA/Enron@Enron, Russell Ballato/NA/Enron@Enron, Steve Gim/NA/Enron@Enron, Mog Heu/NA/Enron@Enron, Juan Padron/NA/Enron@Enron, Vladi Pimenov/NA/Enron@Enron, Denver Plachy/NA/Enron@Enron, Paul Schiavone/ENRON@enronXgate, Elizabeth Shim/Corp/Enron@ENRON, Matt Smith/NA/Enron@ENRON, Joseph Wagner/NA/Enron@Enron, Jason Wolfe/NA/Enron@ENRON, Virawan Yawapongsiri/NA/Enron@ENRON
cc:	Ted C Bland/ENRON@enronXgate
Subject:	Dinner Invitation - April 10, 2001 (For Trading Track)

You are cordially invited to attend cocktails and dinner on April 10, 2001 at La Colombe d'Or restaurant located at 3410 Montrose Blvd (a map can be found at www.lacolombedor.com).  Cocktail hour will start at 7:00 pm with dinner to follow.

Please note:  this dinner is for the Trading Track Program.

Please RSVP to Ted Bland at extension 3-5275 before April 6, 2001.


Mr. Lin, Mr. Karl:

Attached for your review is a draft of a Master Firm Purchase Sale
Agreement.  Should you have any questions,  please do not hesitate to give me
a call.

Regards,
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


Upon research, it was discovered that this customer has two active meters in
two different Utilities (PG&E, and SOCAL) under the same contract.  This is
the reason for the confusion.  For tracking purposes, we "break-out" meters
by LDC in order to assign our customers to reps familiar with a particular
LDC. Those customers that have multiple LDC's under the same contract are
assigned to the same rep.  This allows the customers to speak to the same
individual for all of their accounts.

Unfortunately the site in question was identified in error as a single site
only.  The site in PG&E was assigned to Dennis Harris, while the site in
SOCAL, because of the low usage, was identified for transition to SOCAL.
This was not our intention.  The data has been realigned and Dennis Harris
now has access to both records.

I spoke to Dennis regarding this issue, and he will contact the customer,
explain why it occurred, stop the transition to SOCAL for this site, should
the customer choose to; as well as coordinate a renewal for this customer
going forward, as their current agreement is to expire 05/31/01.

Catherine Woods
02/28/2001 08:53 AM

To: Foster
cc:
Subject: CPUC inquiry re gas customer turnbacks

Can you indentify the owner of this record?
Thank you!
---------------------- Forwarded by Catherine Woods/DUB/EES on 02/28/2001
08:52 AM ---------------------------
From: Jeff Dasovich@ENRON on 02/27/2001 05:47 PM CST
Sent by: Jeff Dasovich@ENRON
To: Roger O Ponce/HOU/EES@EES, Catherine Woods/DUB/EES@EES, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Karen
Denne/Corp/Enron@ENRON, mpalmer@enron.com, Paul Kaufman/PDX/ECT@ECT, Harry
Kingerski/NA/Enron@Enron, Peggy Mahoney/HOU/EES@EES
cc:
Subject: CPUC inquiry re gas customer turnbacks

Catherine/Roger:

Here are some more details forwarded by our outside counsel.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/27/2001 05:44 PM -----

	MBD <MDay@GMSSR.com>
	02/27/2001 05:25 PM

		 To: "'Jeff Dasovich  Enron SF'" <jdasovic@enron.com>
		 cc: "'Sandi McCubbin Enron SF'" <smccubbi@enron.com>, "'Sue Mara at Enron
SF'" <smara@enron.com>
		 Subject: CPUC inquiry re gas customer turnbacks

Jeff:

Here is some more useful information.  Sarita Sarvate of the CPUC spoke to
the woman in person.  The school in question is the Providence High School
in Burbank, California (not Ontario), operated by the Sisters of Providence.
Ms. Kathy Pentalio (sp?) at 818-846-8140 wrote to the CPUC asking about the
school's options after receiving phone and letter notification that their
gas service would be terminated by Enron.  Apparently the Sisters also
operate a hospital which is also served by Enron.  Ms. Pentalio indicated
that she was told that the school would no longer be served on the same
contract as the hospital (claimed to be an attractive 86 cents/th rate)
because the school's load was so small that it was a core customer, while
the hospital was a noncore customer with a larger load.   Neither Ms.
Sarvate nor Ms. Pentalio was clear if the school was served as a core
aggregation customer or as part of the Sisters of Providence noncore
contract.  Ms. Pentalio claimed she spoke with Enron employees Dennis Harris
in Dublin, Ohio as well as Roger Pons in New Mexico.  She indicated that
service would be terminated on June 1, 2001 and she is looking for
alternative sources of gas.

Sarita Sarvate of the CPUC Energy Division would like to understand the
specifics of this case, but her main concern, and the purpose for sending a
letter (if she does send one) is that Dynergy has told her that a number of
small noncore businesses are being returned to the utilities by marketers
because they no longer meet credit requirements.  She assumed that must be
true with Enron as well.  I indicated to her that she should never assume
that we are doing what Dynegy is doing and that we would respond and advise
her if there was any significant trend of noncore customer turnbacks.  The
Commission's concern, which I know you understand, is that it is phasing out
the core subscription schedule (and has a moratorium on switches to the
SoCalGas core subscription schedule) therefore leaving no place for such
customers to go if they cannot contract with a replacement aggregator.

Please advise me of what you discover about this matter and we can talk
further about a response to the CPUC.   Thank you.

Mike Day


I know that there was a pretty serious set of audit findings from the TX
RRCommission earlier this year.  I suspect this is a result of that.  Brenda
Herod was involved in the download meeting with the rep from the TRRC.  If
she hasn't already told  you about that meeting, you may to visit with her on
that.  --Sally

Bob M Hall@ENRON
11/09/2000 05:59 PM
To: Sally Beck/HOU/ECT@ECT
cc:
Subject: Management of Accounting/Regulatory Reporting Functions

FYI,

Not sure what all the issues are.

I'll keep you updated.

bob
---------------------- Forwarded by Bob M Hall/NA/Enron on 11/09/2000 05:01
PM ---------------------------

	From:  Tom Shelton @ ECT                           11/09/2000 09:22 AM

To: Barbara N Gray/HOU/ECT@ECT, Steve HPL Schneider/HOU/ECT@ECT, Bob M
Hall/NA/Enron@Enron, Jim Coffey/HOU/ECT@ECT, Michael Eiben/HOU/ECT@ECT
cc:

Subject: Management of Accounting/Regulatory Reporting Functions

As you know, HPL is a gas utility subject to Texas Railroad Commission
("RRC") jurisdiction, and as such HPL must comply with relevant statutes and
regulations.  Two RRC regulatory reporting matters in which I have been
involved are HPL's Gas Utility General Annual Report and tariffs.  I have
concluded that the way in which these filings are accomplished, and
particularly the information systems used in the processes, should be
reviewed.  Mike Eiben and Bob Hall have also been involved in this process
(although Bob came in only recently) and are much more familiar with the
intricacies of the process and systems than I.  Rather than going into detail
in this memo, I intend to set up a meeting soon for the addressees of this
memo to discuss the situation.


You are invited to attend a "Coed Shower" for Ryan Ruppert and Laura
Gammell to celebrate the couple's upcoming nuptials.  Ryan and Laura are
going to be wed on May 5th, that's right.... Cinco de Mayo!  In honor of
the Cinco de Mayo wedding, Mexican style snacks and drinks will be served.
It will be quite a FIESTA!!!

                     Where:  Carrie Nolan's Apartment
                    When:  Saturday March 31st, 6pm- ?
What:  Feel free to bring a gag gift or traditional gift or just show up to
                              wish them well!

Please RSVP to this e-mail by March 25th:  jennifer.m.erich@exxonmobil.com

                          Directions to Carrie's:
      Get to W. Alabama and Kirby somehow...boat, bike, motorhome...
Go North on Kirby ONE BLOCK to Steel St (Directly across from Whole Foods),
 take a Left on Steel St.  First Apt bldg on Right...#2626!  713-524-8511

Jennifer M. Erich
US West- Frio Trend

ExxonMobil
     Production

WGR 568
p. 713-431-1847
f. 713-431-1482


very interesting--did not know.  when should you and I go out?

From: Nicole La@ENRON COMMUNICATIONS on 01/23/2001 02:39 PM
To: Jeffrey A Shankman/HOU/ECT@ECT@ENRON
cc:
Subject: Re:

yes she's fine.

Lara told me she was going out with you and I was just going to crash the
party

Nicole La
Enron Broadband Services
Global Bandwidth Risk Management
713-853-5638 (office)
713-416-8738 (cell)
713-646-8795 (fax)
nicole_la@enron.net

	Jeffrey A Shankman@ECT
	01/23/01 02:38 PM

		 To: Nicole La/Enron Communications@ENRON COMMUNICATIONS@ENRON
		 cc:
		 Subject: Re:

In town, most of the time.  Is she ok?  (I didn't know about the Lara Liebman
part, though)

From: Nicole La@ENRON COMMUNICATIONS on 01/23/2001 02:22 PM
To: Jeffrey A Shankman/HOU/ECT@ECT@ENRON
cc:
Subject: Re:

Things are good.  I was suppose to go out with you and Lara Liebman a couple
weeks ago but I had to go see my mother in law in the hospital.

How are things with you?  Are you in town?

Nicole La
Enron Broadband Services
Global Bandwidth Risk Management
713-853-5638 (office)
713-416-8738 (cell)
713-646-8795 (fax)
nicole_la@enron.net

	Jeffrey A Shankman@ECT
	01/23/01 02:23 PM

		 To: Nicole La/Enron Communications@Enron Communications
		 cc:
		 Subject:

Howdy...How long has it been?  When are we going out?  How's everything up
there?


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				July 12th 2001
				From The Economist print edition

				Market jitters

				[IMAGE]

				Emerging markets were jittery. Argentina,s government bonds fell sharply as
investors fretted about a default. The Brazilian real hit intra-day lows
against the dollar in response. Turkey,s lira fell after the country failed
to persuade the IMF to release its latest tranche of funds. The Polish zloty
and Hungarian forint also weakened. Singapore slipped into recession and its
dollar hit an 11-year low against America,s.

				See article: Gloom over the River Plate E+

				One cause of emerging economies, ills has been the strength of the dollar,
which this week hit a 16-year high in real trade-weighted terms. The dollar,s
rise came despite continued signs of weakness in the American economy.
Unemployment in June rose to 4.5%.

				See article: The greenback's charm

				The German Institute for Economic Research published the lowest-yet forecast
for German economic growth in 2001: a sorry 1%.

				See article: No great harm, no good either

				A meeting of G7 finance ministers concluded on a cheerful note. They stated
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				AT&T,s plans to break up into four separate units began with the spin-off of
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American cable rival, to offer $44.5 billion for AT&T Broadband, which was to
have been spun off later this year. The bid boosted AT&T,s shares; but the
company said it would not sell.

				See article: Loop dreams E+

				Hold the Mayo

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telecoms-equipment company. Lord Simpson, the present chief executive, had
been expected to become non-executive chairman but will remain in place for
now. Big shareholders also want him to go soon.

				See article: Deputy heads will roll

				The European Commission raided mobile-phone companies in Britain and Germany
as part of an investigation into price-fixing on international charges in
both countries.

				Compaq Computer, the world,s second-biggest PC maker, gave a warning that
profits in its latest quarter would be down sharply. America,s economic
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				Microsoft is to allow PC makers more freedom to change the Windows desktop.
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				Baltimore Technologies, once one of the most admired Internet companies, shed
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by selling its training complex in Madrid,s business district.

				Opposite banks

				As expected, the British government blocked an o18 billion ($25 billion) bid
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effect, put an end to consolidation among Britain,s big banks; they may now
seek targets abroad.

				See article: Ellwood Agonistes

				CSFB, a Wall Street bank under regulatory investigation for its handling of
initial public offerings, ousted its chief executive, Allen Wheat. He will be
replaced by John Mack, former president of Morgan Stanley.

				Euronext, the outcome of a merger of bourses in Amsterdam, Brussels and
Paris, made a poor showing on its own stockmarket debut. Its shares, traded
on all three exchanges, fell by 8.5% on the first day despite being priced at
the low end of the range.

				Merrill Lynch, America,s largest stockbroker, sought to reassure sceptical
customers of the impartiality of its analysts by stopping them owning shares
in companies that they cover.

				FTSE International, a British stockmarket indexer, launched FTSE4Good, a set
of stockmarket indices for socially responsible investment. Many of Britain,s
top companies failed to make the grade.

				See article: Best behaviour

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They haven't told us. Technically, Brazos has until 3:00 pm on Friday to tell us the nomination.

I think we may need 40,000 MMBtu (total) per day through the entire weekend. I think we should plan on this but hold off (as much as you can). We may know better info on Thursday.

 -----Original Message-----
From: 	Parks, Joe
Sent:	Wednesday, March 06, 2002 11:40 AM
To:	Mazowita, Mike
Subject:	RE: Ponderosa Pine Energy Requirements

what about sunday, and monday. gas will trade for 3days on friday. Really hard not to buy for the whole weekend.

 -----Original Message-----
From: 	Mazowita, Mike
Sent:	Wednesday, March 06, 2002 11:34 AM
To:	Parks, Joe
Subject:	Ponderosa Pine Energy Requirements

Joe,

Based on the nomination we received from Brazos, the plant will require the following gas:

	Friday, March 8, 2002		40,000 MMBtu total
	Saturday, March 9, 2002		40,000 MMBtu total

Please make arrangements accordingly.

Michael Mazowita


Sorry I guess I didn't read it very well.  It's ok with me.


How about Raymont, Bill Schroeder and Wayne Chrebet for Freeman?


FYI.

No security on the trading floor?

 -----Original Message-----
From: 	Khanna, Bharat
Sent:	Monday, May 21, 2001 11:24 AM
To:	Andrews, Naveen; Bain, Suzanne; Brackett, Debbie R.; Bradford, William S.; Campbell, Lesli; Dalal, Sunil; Davenport, Lacrecia; Diamond, Russell; Economou, Frank; Espinoza, Veronica; Figueroa, Xochitl; Fleming, Lloyd; Gaylard, Oliver; Gorny, Vladimir; Hagelmann, Bjorn; Harris, Molly; Hayden, Frank; Mendoza, Nidia; Moran, Tom; Murphy, Ted; Nelson, Rod; Ngo, Tracy; Nordstrom, Mary; Patel, Jitendra; Phillips, Rebecca; Port, David; Presley, Mike E; Radous, Paul; Reasoner, Monica; Reves, Brant; Roenz, Manfred; Rohauer, Tanya; Schmidt, Darin; Schneider, Brad; Schultz, Cassandra; Smith, Christopher; Suttle, John; Thomas, Mark E.; Valdez, Veronica; Youngblood, Dorothy; Zipter, Rudi
Subject:	PROTEST AT ENRON CHICAGO...............

.........Frank and I are in Chicago on business.

It's Monday morning and I'm sitting in the office waiting for Frank to get here when all of a sudden 50 people of the street come on to the trade floor with protest signs (a group called ACORN).  They are protesting the high natural gas prices and wanted us to fax a letter to Ken Lay condemning him for being a money hungry CEO.
They were chanting and singing protest songs...............and had TV cameras with them.  All business had to be stopped for about half an hour.  It was funny cause they were saying things like...."look they all have palm pilots.......".   Well the COPS showed up and threatened to arrest them if they did not leave...............
It was really funny in a way but, also makes one think about the kind of misdirected information that people are fed by the media.....
So that's the protest story from Chicago.......

Thanks

Bharat


INDIVIDUAL.COM

Here's an article recommended by: Karen Denne
and it comes to you via Individual.com, Inc.

The following message was attached:

HERE IS THE STORY WE WERE REQUESTED TO SEND YOU

This story appeared on http://www.individual.com December 7, 2000
_________________________________________________________

Calif. Asked To Delay Holiday Lights

By COLLEEN VALLES
Associated Press Writer
SAN FRANCISCO (AP) via NewsEdge Corporation  -
Gov. Gray Davis was in the holiday spirit
when he lit the Christmas tree at the state Capitol, but he quickly
pulled the plug as part of a statewide effort to conserve energy.

The 56-foot white fir was lit in Sacramento for about five
minutes Tuesday, then turned off for 2{ hours until 7:30 p.m.,
after the peak of the day's electrical use.

``In some parts of California, people are going without power,''
Davis said. ``I would love to keep the lights on. But it's
important that we all pull together to reduce the strain on the
grid.''

Officials have called on residents to delay the start of outdoor
holiday lighting, keep thermostats set at 68 degrees and turn off
computers and lights when not in use.

Pacific Gas and Electric Co. customers face an average bill of
$77 this December compared with an average of $50 a year ago.

Part of the problem is a decreasing supply of natural gas
nationwide, said Claudia Chandler, assistant executive director of
the California Energy Commission.

Low natural gas prices over the past few years led to a decline
in drilling and production. That is now picking up, but the
products of those efforts will not hit the market for up to two
years.

The high price of electricity and petroleum also are driving up
the cost because much of the natural gas supply goes to electricity
generation.

Electricity shortages are plaguing the state, with Stage Two
emergencies declared Monday and Tuesday by the California
Independent System Operator _ leading to the request for
Californians to keep holiday lights off and to lower home
thermostats.

A Stage Two emergency means the state is within 5 percent of
running out of power. During Stage Two emergencies, suppliers are
allowed to cut power to commercial customers with interruptible
contracts.

The next step, when reserves fall below 1.5 percent, is a Stage
Three, which triggers rotating blackouts.

Monday's peak demand of more than 34,000 megawatts was close to
the wintertime record, and supplies could get even tighter with
colder weather forecast later in the week.

There have been six separate Stage Two emergencies declared in
the past three weeks. The problem has been exacerbated because some
power plants are out of commission while owners perform needed
maintenance.

Los Angeles is not hooked to the California Independent System
Operator, the state agency that runs the electricity system for
about 75 percent of the state, and has sufficient power for all
uses, including holiday lighting.

___=???On the Net:???California Independent System Operator: http://www.caiso.com???California Energy Commission: http://www.energy.ca.gov???Pacific Gas and Electric: http://www.pge.com??????_________________________________________________________??Individual.com is the #1 provider of free, individualized news?and information to business people over the Internet.  Visit us at?http://www.individual.com to browse the largest free collection of business,?financial, industry, trade, and company-specific news and information?on the web.??This news story was sent by Karen Denne through Individual.com.?You will not receive email messages directly from Individual.com?unless you register at http://www.individual.com.??Get more headlines and stories like this delivered FREE to your?desktop every business morning! Register at ?http://www.individual.com/welcome.shtml.??Individual.com also brings you FREE news on your investments!?Sign up at http://www.individual.com/welcome.shtml.?___________________________________________________________??Entire contents Copyright , 1999-2000, Individual.comv, Inc.,?8 New England Executive Park, Burlington, MA, 01803, USA


Attached please find the  power credit watchlist dated 04/9/01.  Please
direct any comments/questions to the credit hotline, (713) 853-1803

Please note that the following changes have been made to the watchlist:
 Alliant Energy Coporate Services, Inc. - Physical Call for Approval  - 6
Months
 Ameren Services Company - Physical & Finanical NO TRADES
 California Power Exchange Corporation - Physical & Financial NO TRADES
 Pacific Gas & Electric Company - Physical & Financial NO TRADES

Veronica Gonzalez


It is showing up on my computer and seems to be working.

To: Felix Buitron/HOU/ECT@ECT, Sandra Hart/Corp/Enron@ENRON
cc: Pat Radford, Joya Davis/HOU/ECT@ECT, Nony Flores/HOU/ECT@ECT (bcc: Gerald
Nemec/HOU/ECT)
Subject: Re: Steven Van Hooser FASTR

Upon reading the e:mail message shown below, I immediatedly went to
Start/Programs/Infobasis and I found no WINFASTER application.  The
applications that were available were Croporate Workbook 3.0c & 4.1,
Disclosure, Enron Corporate Datasheets, Gas and Power Daily Web Page and
Phone Book.

Given that I requested and Joya Davis processed the request for the FASTR
Database for me, Gerald Nemec and Shonnie Daniel in early January, it is
really a shame that so many people's time has been wasted with this matter.

Please figure out why the program is not showing up on my computer.  Is it
showing up on Gerald's and Shonnie's?

Felix Buitron
02/16/2000 11:31 AM
To: Steve Van Hooser/HOU/ECT@ECT
cc: Pat Radford/HOU/ECT@ECT
Subject: Steven Van Hooser FASTR

FYI
---------------------- Forwarded by Felix Buitron/HOU/ECT on 02/16/2000 11:30
AM ---------------------------

Information Risk Management
02/16/2000 08:14 AM
To: Felix Buitron/HOU/ECT@ECT
cc:
Subject: Steven Van Hooser FASTR

Hello Felix,

Just following up regarding FASTR ,    I spoke with Kevin Hopper and he said
that the WINFASTR is the application he is looking for.
it is under Start / Programs / Infobasis.   He is in the group.

Thanks !
Sandra Hart
Information Risk Management


My CES buddy is starting to focus on local production now.  What's bad is CES
has seen some of the pricing for the local production, I was going to bill
them a lot more for it.  That does not mean they agree to the pricing.

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/16/2000 06:22
AM ---------------------------

bperron@columbiaenergygroup.com on 03/15/2000 05:21:33 PM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: local production

Chris,

Find that local production list when you have a chance and forward it to me.

Thanks.


greetings
i really need your money.  right now three people have sent in checks (i
havent checked today's mail yet).  so my plan is to set up the batting order
by when the checks are received.  so right now we have:
marty nance
reuben schug
brendan "lets play some ball" fisher
as you can see, we go from bad to worse (just kidding, dont put a stop
payment on your checks!)  so to go back to my main point - i really need your
money.  the registration deadline is coming up.  i will start calling people
next week, i dont know how often people check e-mail.  hope everyone has a
good weekend.
hartman


I need to leave around 4:45 today to get to a repair shop at the north end of
town before they close.  I will also be taking a half day vacation Friday
afternoon.


John,

How do you want me to handle pmt back to Greg for your return leg on Travel
Air from the Super Bowl.  Greg mentioned that Enron may be picking up the
bill for you.  If yes, just advise and I'll do up the payment request.  The
total charges are $3,621.50.

Many Thanks,

Liz


test successful.  way to go!!!


Anthony

Thanks for the email, however, that was the last thing that I received.  I
think some credit intermediation would be helpful.


Market Participants:

  The ISO has posted on its web site a template for your use
in submitting your final comments on the ISO's Congestion Management Reform
Recommendation that is part of its Comprehensive Market Redesign.  The
template is posted at http://www.caiso.com/clientserv/congestionreform.html
<http://www.caiso.com/clientserv/congestionreform.html> .  Final comments
are due to bwoertz@caiso.com <mailto:bwoertz@caiso.com>  by 5:00 p.m. PDT on
Thursday, August 31.  We will include a summary of all comments received to
the ISO Governing Board as part of the CMR Recommendation for their
approval.

  Please note that the template asks you to identify the name
of  the person submitting comments, the name of your organization (please
limit comments to one set per organization) and whether you would like to
have your comments posted on the ISO web site.

  Please contact me if you have any questions.

  Byron Woertz
  Director, Client Relations
  (916) 608-7066


We have a # of counterparties whom credit will allow daily trading and/or balance of month trading (with no forward trading).  It would be much more efficient for the trading organization and the counterparties to have functionality within EOL that allowed for better credit screening.   We have moved away from the broker markets, and the current screening mechanism forces us to trade in the broker market with credit limited counterparties.

I would like to get this changed ASAP, if possible.

Thanks.
---------------------- Forwarded by Kevin M Presto/HOU/ECT on 05/10/2001 11:24 AM ---------------------------
From:	Edward Sacks/ENRON@enronXgate on 05/10/2001 10:55 AM
To:	Kevin M Presto/HOU/ECT@ECT
cc:	William S Bradford/ENRON@enronXgate, Tom Moran/ENRON@enronXgate
Subject:	Edison Mission Marketing & Trading, Inc.

Kevin

As I mentioned to you, due to some recent success in obtaining additional security, we are extending credit to Edison Mission Marketing & Trading, Inc. to transact on the day ahead and balance of week markets only.  We will not be granting them execution rights on EOL due to the lack of controls/functionality for daily transactions.  EOL, unlike ICE, has tenor function set by months versus number of days.  As a result, in the case of Edison Mission, if we set EOL for one month, Edison would have access to balance of the month plus next month.  It seems to make this work for Edison and perhaps other potential counterparties, it would either require reengineering of the system or possibly coming up with dividing the products to incorporate daily transactions.  If you would like to discuss further, please call.

Ed


Eric Bass

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Personal ID (HS)

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