Given the way the numbers came out, I guess we don't need the talking points,
but we should still try to get to the bottom of this because we will be
called on to comment to regulators and media.  Unless we have strong evidence
to the contrary, it seems to me that wholesale markets are working .... they
are open and they are competitive.  On the other hand, retail gas markets
suffer from the same problems as electric markets ... they are not open,
customers don't have effective choices and price signals don't get through,
so there is no demand response when prices rise.

On the points raised in the attachment, I'm still not sure I follow point 4.
Also what does" electric disconnect" mean?

	Jeff Dasovich
	Sent by: Jeff Dasovich
	12/12/2000 02:40 PM

		 To: Mary Hain/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Jeffrey T
Hodge/HOU/ECT@ECT, Mary Hain/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron,
Richard Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Maureen
McVicker/NA/Enron@Enron, Leslie Lawner/NA/Enron@Enron, Christi L
Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Shelley
Corman/ET&S/Enron@ENRON
		 cc:
		 Subject: Re: Draft Talking points about California Gas market

Leslie:  Looks good.  Just a couple of comments:

1. General
May want to point out that the roots of California's current gas woes are the
same ones causing the electric problem---combined effect of California's
"import-based" energy policy and the state's failure to invest in in-state
infrastructure.  California imports about 25% of its electricity, but about
80-90 percent of its gas supply.  California has failed to invest in the
in-state infrastructure necessary to support increased gas demand over the
last decade.  So we've got an interstate pipeline superhighway to the border
and a dirt road of in-state transportation once you get into California.
The last bullet seems to suggest that manipulation may be taking place.  Can
we support that suggestion, and is it one that we want to make necessarily?
If we do suggest that manipulation may in part explain current prices, do we
need to propose ways to eliminate it?  Otherwise, seems that we may be giving
FERC ammunition to take action without trying to "steer" that action in the
right direction.  Maybe I'm reading too much into the bullet.

2. Specific
Competition for gas coming to California has increased significantly.  The
midwest (via Alliance) is competing away Canadian gas.  The Southwest
(Nevada, Arizona) is competing away supply from the Southwest before it hits
the California border.

	Mary Hain@ECT
	12/12/2000 11:58 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc:
		 Subject: Draft Talking points about California Gas market

---------------------- Forwarded by Mary Hain/HOU/ECT on 12/12/2000 10:07 AM
---------------------------
To: Janet R Dietrich/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Mary
Hain/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Maureen
McVicker/NA/Enron@Enron
cc:
Subject: Draft Talking points about California Gas market

We thought it would be good to basically give Chair Hoecker talking points
with any numbers that Enron provides.  We will visit on these later today
when the numbers are ready (before 3:00).  Comments?
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 12/12/2000
10:38 AM ---------------------------
From: Leslie Lawner@ENRON on 12/12/2000 11:56 AM
To: Christi L Nicolay/HOU/ECT@ECT, Joe Hartsoe/Corp/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT, Ruth Concannon/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
cc:

Subject: Talking points about California Gas market

Here is my stab at the talking points  to be sent in to FERC along with the
gas pricing info they requested for the California markets.  Let me or
Christi know if you have any disagreements, additions, whatever.  I am
supposed to be out of here at 2:15 today, so if you have stuff to add after
that, get it to Christi.  Thanks.


yes

	Andrew Kelemen
	08/09/2000 09:33 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Michael S Galvan/HOU/ECT@ECT
		 Subject: Teldata Receivable

Richard,

Have you received the check from Teldata?  I have our signed version of the
settlement agreement dated 4/5 but I haven't received their executed copy.

Thanks,

Andy

---------------------- Forwarded by Andrew Kelemen/HOU/ECT on 08/09/2000
09:32 AM ---------------------------

Michael S Galvan
08/07/2000 07:00 AM
To: andrew kelemen
cc:
Subject: Teldata Receivable

Andy,
How are things ?  Have you heard anything on the cash we're due from
Teldata?
Thanks,
Mike

---------------------- Forwarded by Michael S Galvan/HOU/ECT on 08/07/2000
06:59 AM ---------------------------

Michael S Galvan
05/11/2000 06:54 AM
To: andrew kelemen
cc: thomas myers
Subject: Teldata Receivable

Hi Andy,
Just checking on the status of the amount we're going to collect from
Teldata.  Is it still around $450k?
Thanks,
Mike


juan.hernandez@enron.com   # 713-853-0383


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Top Stories (February 12)

CALIFORNIA UTILITIES SEEK SUIT VS. PUC TO CONTINUE AS SCHEDULED
Attorneys with two of California's largest utilities said they will urge a
U.S. District Court Judge Monday to allow their lawsuit against the state's
Public Utilities Commission to move forward as scheduled despite a last
minute plea from the state's Attorney General to postpone the case so
lawmakers and utility executives can negotiate the terms of a multi-billion
dollar rescue package for the cash-strapped companies.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/12/eng-djn/eng-djn_055328_10_9662839910015

AES/SOUTHERN CALIFORNIA UNITS -2
AES Corp.'s (AES) AES Southland unit will continue operating its generating
units in southern California, which provide about 4,000 megawatts of energy,
following an executive order issued by the South Coast Air Quality Management
District.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2001/
02/12/eng-djn/eng-djn_140040_62_1350515075028

POTOMAC ELECTRIC TO BUY CONECTIV IN $5.4 BILLION DEAL
Potomac Electric Power Co. said Monday it has agreed to buy Conectiv Inc. in
a $5.4 billion deal that will create the largest electricity delivery company
in the mid-Atlantic region.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
001/02/12/fu/0000-2498-potomac-conectiv

UTILITIES CONSIDER COAL AS FUEL FOR FUTURE POWER PLANTS
Skyrocketing oil and natural gas prices are leading power-generating utility
companies to reconsider coal as an attractive fuel for future power plants.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2001/02/12/krtbn/0000-0228-SL-COAL

RUSSIA, UKRAINE TO SIGN KEY ENERGY DEAL
Russia and Ukraine will sign a key energy accord on Monday, the chief of the
Russian national electricity utility Anatoly Chubais told reporters.
http://199.97.97.163/IMDS%PMAINTL0%read%/home/content/users/imds/feeds/comtex/
2001/02/12/ts/0000-1733-KEYWORD.Missing

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------
Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

SRM-ENCO LLC Buys Edison Utility Svc From Edison Intl

Williams Co. Isn't Yet Eyeing Bankruptcy For Calif Utils

REPEAT&CORRECT:SoCal Ed:May Not Pay $236M Overdue On Notes

Fla PSC Approves Calpine's 540-MW Osprey Power Plant

Ohio Regulators OK PG&E Plan To Add 90 MW By Summer 2001

PRESS RELEASE:Potomac Elec Pwr Outlook Now Neg Vs Pos:S&P

PRESS RELEASE:Potomac Electric Power On Moody's Review-Dn

Ohio Regulators Approve 550-MW Dominion Merchant Plant

PRESS RELEASE: Moody's Cuts Hoosier Energy REA To Baa1

Conectiv BBB+ Sr Unsec Put On S&P Watch-Developing

REPEAT:SoCal Edison May Not Pay $206M Due On Bk Note Tue

Potomac Electric Power Outlook Now Neg Vs Positive - S&P

Conectiv Sr Unsec Baa1 On Moody's Review For Upgrade

Potomac Electric Power A1 Sr Sec On Moody's Review-Dn

SoCal Edison: May Not Pay $206 Mln Due On Bank Note Tues

Mirant CFO-3: Says Water Resources Dept Not Creditworthy

Edison Intl, PG&E Dn -3: Judge Sets March 5 Hearing>PCG

Arkansas Electric Coop Sec Bonds Raised To A2 By Moody's

Mirant CFO -2: Committee Includes Reliant, Dynegy >MIR

Ferroatlantica/Cantabrico -3: CNMV Will Decide On Offer

Edison Intl, PG&E Dn -2: Edison Dn 7.6%; PG&E Dn 6%

Ferroatlantica/Cantabrico-2: CNMV Balks At Conditions

Mirant CFO: Bankruptcy Is Option For Credit Committee

Ferroatlantica Plans To Withdraw Latest Cantabrico Bid

PRESS RELEASE: Moody's Upgrades Arkansas Electric Coop

Edison Intl, PG&E Dn After Judge Denies Calif. Rate Hike

Govt Of Indian State Pays $17M Debt To Enron - Report

Russia, Ukraine Premiers Strike Deals On Energy Costs

UPDATE: Schlumberger Bids For Troubled Sema Group >SLB

AES/Southern Calif. Units -2: Follows Executive Order

Mexico Earning $200,000 A Day On Calif Electricity Sale

AES Unit To Keep Operating S. Calif. Generating Units

Potomac Elec To Buy Conectiv -5:To Assume Conectiv's Debt

Schlumberger Bids For Troubled Sema Group;Seen Done Deal

Small Companies Say FCC Wireless Auction Rigged - NYT

US Weather: Both Coasts Wet And Wild

Potomac Elec To Buy Conectiv -4: New Co Should Boost Div

Potomac Elec To Buy Conectiv -3: Conectiv Chmn To Retire

ASIAN POWER: Singapore Plans Unfazed By California Woes

Potomac Elec To Buy Conectiv-2: Conectiv Hldrs To Hold 33%

Potomac Electric To Buy Conectiv For $2.2B >POM CIV

Potomac Elec/Conectiv See Merger Completed in 12 Months

Potomac Electric To Buy Conectiv For $25/Share >POM CIV

Calif Utils Seek Suit Vs PUC To Continue As Scheduled

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
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-Tampa, Fla., Utility Company Asks for Rate Increase

-Oak Ridge, Tenn., Energy Lab's Manager Temporarily Reassigned

-Oklahoma Utility Firms Face Difficult Task of Predicting Natural Gas Prices

Srm-Enco, Llc Acquires Edison International Subsidiary, Edison Utility
Services

Florida Public Service Commission Approves Application for Calpine's Osprey
Energy CenterRepresents First Independent Power Combined-Cycle Facility to Be
Approved under Florida Power Plant Siting Act

Management`S Discussions: 10qsb, Clx Energy Inc

P&L Coal Fires Up Plans for $100m Initial Public Offering

Citizens Utility Board Will Urge Illinois Commerce Commission to Block New
Area Code

AltaGas Buys Prairie River Natural Gas Plant to Expand Production Capacity

Mass. Can Avoid California's Energy Woes

Capstone Turbine CFO to Present at First Annual Banc of America Securities
New Power Economy Conference

Department of Energy Application for Presidential Permit; Northern States
Power Company

Ohio Power Siting Board Approves a New Major Electric Generation Facility And
Increases in Capacity at Two Additional Facilities

Top Energy Summaries - Monday, February 12, 2001 - 5:10 PM

Govt Reforms Energy Sector

Ballard Power Systems Announces Year End 2000 Conference Call

Magin Energy Announces Copton Gas on-Stream

Peco Energy Plans $150 Million Five-Year Strategic Investment; Projects Will
Improve System Performance, Reliability

Uqm Technologies Selected by Ecostar to Supply Fuel Cell Compressor Drive
Motors for Use in Ford's And Daimlerchrysler's Next Generation Fuel Cell
Engine Vehicles

Calif. Utility Injuction Bid Denied

New England Leaders to Meet on Energy

Stone Energy Corporation Announces Date And Location of Its Annual Meeting of
Stockholders

Calif. Utility Seeks Rate Increase

Automated Power Exchange Appoints John Yurkanin New Chief Executive Officer;
Former Calpx Executive Promises to Be Key Player in Global Power Arena

Bridge Update-Commodities: Energy Futures Worry About Demand

Tucson Electric Power And Citizens Communications CO. Sign Project
Development Agreement

Gas Costs Help Lift Coal from Slump

P&G Unit Bargains for Cheap Energy

For Cap on Electric Rates, Clock Ticking Lawmakers Fear Spike in Prices When
Controls Expire at End of 2003

Viking Energy Royalty Trust - Closes Bellshill Acquisition

Management`S Discussions: 10qsb, Standard Energy Corp 1 of 2

Mirant Plans Power Plant in Danville, VA.

Scot Power to Consider Water Sell-Off

Lawsuit Could End California Power Crisis, Study Says; California's Energy
Future Rides on Judge's Decision

Suncor Energy Inc - Makes Equity Investment in Renewable Energy

Potomac Electric to Buy Conectiv in $5.4 Billion Deal

Top Energy Summaries - Monday, February 12, 2001 - 2:19 PM

Furthers Plan to Develop Alternative And Renewable Energy Business (All
Financial Figures Are in Canadian Dollars Unless Noted Otherwise.)

U.S. Laboratories Awarded Major Utility ContractsAlso Announces Establishment
of Energy Division to Meet The Demands of The California Energy Crisis

S&P Assigns Preliminary Rating to Peco Energy Transit Trust's 2001-A

Repeats: Energy Volume And Open Interest Totals-Feb 12

Energy Update/Los Angeles Department of Water And Power Issues Daily Energy
Update for Monday, Feb. 12, 2001

Letters: Tenaska Apparently Not Bothered by Natural Gas Shortage

U.S. District Court Judge Babcock Makes Preliminary Ruling on U.S. Energy
Corp. And Crested Corp.'S Motion Seeking An Accounting And Further Relief

Top Energy Summaries - Monday, February 12, 2001 - 12:50 PM

Niko Resources Ltd - Centennial Energy Partners LP Acquisition of Niko Shares

Impco Technologies Inc - Sees Increased Sales in Power Generation Market

El Paso Energy Partners, L.P. to Provide Web Cast of Analyst Meeting February
14, 2001

Minnesota House Reviews Electric Restructuring Bill Advanced by Minnesota
Chamber; Plan Addresses Potential Electricity Shortfall Through Conservation,
Generation, Consumer Competition

PM Hails Reintegration of Russian, Ukrainian Energy Systems.

Around the State ; N.J. Among States to Look at Possible Wind-Farm Sites

W-H Energy Services' CEO Ken White, Jr. Talks to The Wall Street Transcript

Higher Gas Prices, Cold Temperatures Make for Higher Bills, Says PSE&GNew
Jersey's Largest Utility Advises Customers on How to Weather Higher Heating
Bills

Stuart Energy Systems Corp - Media Advisory: Five Toronto Schools to Receive
Grants for - Environmental Projects

Moore Named Catamount Energy President

Omni Energy Announcement

John S. Herold Inc. Reports 2000 Worldwide Energy Industry M&a Deal Value
Fell 16% to $303.6 Billion

Parallel Petroleum Announces Conference Call to Discuss Current Operations
And Alliance with Chroma Energy

Banning MTBE Would Likely Be An Economic Disaster Warns U.S. Energy
Department Official

Top Energy Summaries - Monday, February 12, 2001 - 9:28 Am

Aes Southland to Continue Operation of Generation in Southern California

Alternative Energy Solutions And New Power Technology on Agenda at First
Annual Banc of America Securities New Power Economy Conference

Chesapeake Energy Corporation Reports Record Proved Reserves, Excellent
Finding Costs for 2000 And Further Exploratory Success from The Georgetown
Formation

Eight Sbvc-Backed Companies to Debut at Demo 2001; Innovative Technologies
And Services -- All with The Power to Transform The Industry -- Showcased at
Annual Summit

A Lost Opportunity That Worsened Crisis / Utilities And Federal Regulators
Shut the Door on Renewable Power in California

State, Utility to Duke It Out in Court / Rate Increases on The Line As Each
Side Makes Its Case

Public Power Is Looking Appealing / Cities Starting to Eye Municipal Ownership

Top Energy Summaries - Monday, February 12, 2001 - 7:35 Am

Ocean Power Corporation And Science Applications International Corporation
Execute Term Sheet

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Mdm Group Steadily Purchases Coal Companies Which Supply Coal to the Far East
And Eastern Siberia.

New Traffic Lights Help Cities Save Money, Energy

Pemex Denies Gissa 4-Dollar Natural Gas Contract

Ballard Power Systems Announces Year End 2000 Conference Call

Russia-Power-Grid-Nuclear-Stations-Load

Argentina: New Investment of 2250mil in Wind Power Project

London: Seven Days in the Energy Sector

Innogy Holdings Lures British Energy Lawyer for New Market

Enporion Conducts First International Auction with Electricite De France;
International Auction Signifies Global Utilization of Online Energy Industry
Exchange

Tehran: Iran And EU to Hold Energy Brainstorm

Chile: Gener to Sell Off Non-Electrical Assets Within 3 Months

Devon Energy Corp: Northstar Energy Corp - Inks Contract to Sell Indonesian
Natural Gas to Singapore

Norsk Hydro Reports Strong Growth And Record Result

Talisman Energy Inc - Signing of Agreements for Supply of Sumatra Gas to
Singapore

Old Mutual Sponsors Launch of Euro 150 Million Energy Fund

IAEA inspects disputed Czech nuclear power plant

AuIron Energy in 53 mln aud rights issue to fund next development phase

Germany: Power from CHP to Get Renewed Attention

China's Shaanxi Province Invests Over US$2.4 Bln in Energy Pjts

Russia, Ukraine to Sign Key Energy Accord -- Chubais.

Privatization Plan Submitted for Energy Giant PGNiG

US Energy CO. Tries to Buy Tech CO.

Britain Helps Shanxi with Energy Efficiency

Kenya Welcomes Investors to Develop Power Industry

Ats Automation Tooling Systems Inc. Launches Pilot Solar Project in Western
China

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

-Tampa, Fla., Utility Company Asks for Rate Increase

-City's Steam Heating System Keeps Heat Costs Down for Indianapolis Firms

-Indiana House Panel Advances Bills to Strengthen Utility Oversight

-Energy Department to Conduct Environmental Study in Oak Ridge, Tenn.

-Oak Ridge, Tenn., Energy Lab's Manager Temporarily Reassigned

-Oklahoma Gas Utility Allows Customers Means to Check Own Usage Levels

-Oklahoma Utility Firms Face Difficult Task of Predicting Natural Gas Prices

-Tampa, Fla.-Based TECO Energy Buys Power Plant in South Texas

-Solar Energy Systems Shine at Atlanta Builders' Show

Connecticut Water Utility to Acquire Waterbury, Conn., Water Services

Tampa, Fla., Utility Asks State to Raise Rates for Residential Customers

ST. Louis-Area Residents Consider Budget-Billing Plans for Utility Costs

Utilities Consider Coal As Fuel for Future Power Plants

San Joaquin County, Calif., Businesses Dim the Lights During Energy Crisis

Editorial: the State Has No Good Way Out of Power Crisis

South Bend Tribune, Ind., Biz Buzz Column

California Lawmakers Focus on Utility Fundamentals to Find Energy Solutions

New Jersey Utilities Commission to Undergo Realignment at Top

California Asks for Delay in Its Suit Against Southern California Edison

California Officers Unlikely to Fine Businesses That Don't Dim Outside Lights

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

UPDATE 2-Germany's Yello wins new power customers

Canada natgas falls with weak U.S. in warm forecast

Tata, H.K. giant may bid for India power systems

UPDATE 3-Pepco to buy Conectiv, slashes dividend

Fitch rates Northeast Utilities BBB-minus

S&P revises Potomac Electric Power outlook to negative

UPDATE 1-German power industry given deadline on CHP issue

PECO to invest $150 mln over 5 years to upgrade system

Wash. utility, companies reach accord on power prices

Russian province's bosses quit over energy crisis

Calif. should avoid long term power contracts-report

Colombia's EPM to sell $134 mln in companies

Peabody seeks air permit for planned Ky. coal-fired plant

UPDATE 1-U.S. federal judge denies Socal Edison rate request

Czech protesters block Temelin N-plant entrance

Cinergy, BP to build two Texas power plants

Peabody Group files for IPO

Moody's may cut Potomac Electric Power ratings

Refocusing Scot Power weighs water options

Progress Energy to sell $3.0 bln debt

SCANA Corp fourth-quarter EPS rose 16 percent

UPDATE 1-EnBW must widen bid for Spain's Cantabrico - CNMV

UPDATE 2-Edison shares fall on judge's ruling

U.S. federal judge denies Socal Edison rate request

Moody's raises Arkansas Electric Cooperative rating

RPT-Potomac buy Conectiv in deal worth $2.2 billion

Third lawsuit planned against NYPA's NYC power plants

US Corp Bonds-End mixed; Lucent, SoCal Ed debt weaken

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Thank you.  I think if I send these emails, they eventually pick the correct
CP.  I hope you don't mind that I changed the deals myself.

   Kate Symes                01/30/2001 11:22 AM

To: Rhonda L Denton/HOU/ECT@ECT
cc:
Subject: Re: Incorrect Counterparties

Thank you for the reminder, Rhonda. I'm going to send out another
announcement this afternoon to all our traders along with the daily
correction log. Hopefully this will incite everyone to pay more attention to
the counterparty names they choose.

Thanks again,
Kate

Rhonda L Denton
01/30/2001 09:14 AM
To: Joe Errigo/Corp/Enron@Enron, Geir Solberg/PDX/ECT@ECT, Juan
Hernandez/Corp/Enron@ENRON, Leaf Harasin/PDX/ECT@ECT, Ryan
Slinger/PDX/ECT@ECT, David V Porter/PDX/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT

Subject: Incorrect Counterparties

I have changed the following deals b/c the selected CPs are incorrect.  Also,
please remember not to pick CPs in brackets as they are inactive.  Thank you
for your help.

507901 should be Allegheny Power, Transmission Business Unit
507842 should be Dynegy Power Marketing, Inc.
506767 should be NRG Power Marketing, Inc.
507900 should be PJM Interconnection LLC
506618 should beTransalta Energy Marketing (US) Inc.
506727 should beTransalta Energy Marketing (US) Inc.
506747 should beTransalta Energy Marketing (US) Inc.


Just in case my recent lack of emails has left you thinking that you can wait
until the New Year to get working on your Order of Good Cheer
fundraising...think again!!

Its now time to take 15 minutes out of your day today to send those letters
off.  You will be so glad when you come back from ripping up the town/ski
hill/beach, etc. on New Year's Eve to know that you just have to call up your
prospective donors and close the deal.  Too easy!!    If you arn't already,
get motivated -- there are a whole bunch of kids showering in freezing cold
facilities up at the wilderness school, and studying in cramped quarters who
will appreciate our help.

I have heard from about half of you and I know that lots of you are ahead of
the game -- your letters have been sent out and you are working hard on this
-- keep it up and let me or Brian B. know if you need more brochures, etc.

Have a great holiday and I look forward to hearing about the BIG BUCKS you
are raising!

Liz
 - att1.htm


Guys, I assume you are keeping an eye on "California East".  Any help you can
give Kevin would be much appreciated.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/17/2000
06:36 PM ---------------------------

	Enron North America Corp.

	From:  Kevin M Presto                           12/15/2000 07:39 AM

To: David W Delainey/HOU/ECT@ECT
cc:
Subject: NYPSC Interim Pricing Report on ISO

---------------------- Forwarded by Kevin M Presto/HOU/ECT on 12/15/2000
07:40 AM ---------------------------

	Enron North America Corp.

	From:  Kevin M Presto                           12/15/2000 07:32 AM

To: James D Steffes/NA/Enron@Enron
cc: John J Lavorato/Corp/Enron@Enron, Dave Delainey, Mark Dana
Davis/HOU/ECT@ECT, Tom May/Corp/Enron@Enron
Subject: NYPSC Interim Pricing Report on ISO

This NY cap proposal must be prevented.   The proposal is essentially
cost-based regulation.   Obviously, if the proposal below was adopted by NY,
Enron's ability to make money is greatly diminished.   In addition, it has
significant effects on the rest of the market in terms of regulatory
uncertainty in the forward markets.

In the past, FERC has ruled to make caps consistent in all 3 NE regions (NY,
NE, and PJM), which leads to quasi caps in the rest of the Eastern
Interconnect.

Jim,
We need an action plan ASAP.   Please coordinate with Dana, Tom May, and
myself.

---------------------- Forwarded by Kevin M Presto/HOU/ECT on 12/15/2000
07:22 AM ---------------------------

Tom May@ENRON
12/14/2000 06:13 PM
To: Mark Dana Davis/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT
cc: Narsimha Misra/NA/Enron@Enron, Robert Stalford/NA/Enron@Enron, Gautam
Gupta/HOU/ECT@ECT, Larry F Campbell/NA/Enron@Enron
Subject: NYPSC Interim Pricing Report on ISO

FYI.  In the interest of all the developing markets, I think that we need to
make a full court press to ensure that this does not get enough support to
pass at the committee level in New York.  I will arrange a meeting with
regulatory to plan our response.

Tom.
---------------------- Forwarded by Tom May/Corp/Enron on 12/14/2000 06:09 PM
---------------------------
From: Howard Fromer on 12/14/2000 04:30 PM
To: Tom Dutta/HOU/ECT@ECT, John D Suarez/HOU/ECT@ECT, Doug
Sewell/HOU/ECT@ECT, Richard Ring/HOU/EES@EES, Suneet Sharma/HOU/EES@EES, Gary
Keevill/ECP/Enron@Enron, John Llodra/Corp/Enron@ENRON, Tom
May/Corp/Enron@Enron, Christi L Nicolay/HOU/ECT@ECT, Sarah
Novosel/Corp/Enron@ENRON, Dan Staines/HOU/ECT@ECT, W David Duran/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Steven J
Kean/NA/Enron@Enron
cc:

Subject: NYPSC Interim Pricing Report on ISO

Earlier today, the New York Public Service Commission released a 122 page
draft report prepared by its staff evaluating the NYISO. The report concludes
that the ISO must pursue a wide range of operational reforms and other
consumer safeguards to "ensure a more efficient and stable electric market
that will better protect consumers from dramatic price increases." The report
culminates a months-long investigation begun by the PSC last summer in
response to problems and price run-ups in the wholesale market.

The major recommendations in the Report, some of which have already surfaced
in recent ISO Committee meetings, would be devastating to a competitive
wholesale market and would largely reregulate prices in New York. They
include the following (taken directly from the PSC's Press Release):

Reforming rules and procedures to improve the efficiency of the market and
minimize opportunities for market manipulation, or "gaming," by owners of
electricity generating facilities;
Initiating a $150 per megawatt hour price cap on generators to maintain
reasonable market clearing prices;
Creating a "circuit-breaker" mechanism that will prevent market power abuses
at levels below $150/MWH;
Lowering price thresholds significantly to allow the NYISO to step in more
quickly to investigate and mitigate price spikes;
Granting the NYISO retroactive refund authority to return to consumers gains
that generators improperly derive from market power abuse; and,
Creating a strong deterrent against price abuses by penalizing generators who
repeatedly use improper tactics to raise prices above competitive levels.

The NYPSC, of course, has no legal authority to impose any of these
recommendations. However, they are likely to muster support from the
Transmission Owners, governmental entities and loads, that usually control
enough votes to just  pass a motion at an ISO Committee. This will set up a
confrontation with the ISO Board, which is walking a delicate tightrope
between maintaining its independence and supporting a competitive wholesale
market on the one hand, and dealing with the politics of a hostile
Administration in New York. Last summer, as you may recall, the Board
rejected the $1000 bid cap pushed through by the PSC, voting instead for a
$1300 cap. That action was set aside by FERC, which reimposed the $1,000
level and then made it applicable in New England as well so that there would
be consistency among the three Northeast ISOs (PJM already had the $1,000
cap.)

Thus, whether NY follows the lead of California is likely to be determined by
FERC, and it will have to carefully consider the consistency concerns it
raised last summer in ultimately deciding whether it's OK for New York to set
price caps below its neighboring ISOs.

Attached is a copy of the PSC's Press Release and Report.

http://www.dps.state.ny.us/fileroom/doc8945.pdf


Christi --

DQE provides some level of audit capability to ensure that the costs are fair and apppropriate.  PGE may not have a resource specific system lambda but AW may be able to explain how they would implement something like this.  I know AW from some other issues so if things don't go well  let me know.

Also, please keep Alan Comnes in the loop.

Thanks,

Jim

-----Original Message-----
From: Nicolay, Christi L.
Sent: Friday, October 19, 2001 10:07 AM
To: Steffes, James D.
Subject: PGE v. Duquense Imbalance procedure

FYI, from West desk trader John Malowney that is working on wholesale and retail physical.  I am having a 3:00 conf call this afternoon with AW Turner and Joe.  As you may have seen, PGE's first proposal was rejected.  (I can tell you the problems there if you haven't seen the order.)  In any event, I would welcome your thoughts on John's message.  Thanks.

-----Original Message-----
From: Malowney, John
Sent: Thursday, October 18, 2001 5:25 PM
To: Nicolay, Christi L.
Subject: RE: Portland General Proposed Imbalance procedure

Not bad... it's difficult to identify what the Transmission Holders debits and or credits (cost exposure) would be as it does not reference a recognized indices such as the Mid-Columbia, it's settled after the fact, and the Transmission Holder is at the mercy of the LDC's incremental cost of their various generation units.  John

-----Original Message-----
From: Nicolay, Christi L.
Sent: Thursday, October 18, 2001 2:40 PM
To: Malowney, John
Subject: RE: Portland General Proposed Imbalance procedure

John -- This is what Duquense uses, which seems to be preferred when serving retail load.  What do you think about PGE using something like this?  Thanks.

SCHEDULE 4
	Energy Imbalance Service

Energy Imbalance Service is provided when a difference occurs between the scheduled and the actual delivery of energy to a load located within a Control Area over a single hour.  The Transmission Provider must offer this service when the transmission service is used to serve load within its Control Area.  The Transmission Customer must either purchase this service from the Transmission Provider or make alternative comparable arrangements to satisfy its Energy Imbalance Service obligation.

The charges for Energy Imbalance Service, for which there is no deadband or return of energy in kind, are as follows:

C	Schedules insufficient to meet load ?? For each hour in which the Transmission Customer schedules insufficient energy to meet its load in that hour, the Transmission Provider will charge the Transmission Customer the Incremen? tal Cost (as defined below) that the Transmis? sion Provider incurs to meet the load of the Transmission Customer in that hour.

C	Schedules in excess of load ?? For each hour in which the Transmission Customer schedules en? ergy in excess of its load for that hour, the Transmission Provider will reimburse the Trans? mission Customer the Decremental Cost (as de? fined below) that the Transmission Provider incurs to meet the load of the Transmission Customer in that hour.

Incremental Cost to provide energy imbalance service shall be defined as the Transmission Provider's System Lambda (the out?of?pocket costs, measured in dollars per megawatt?hour, associated with producing the last MWH of energy on the Transmission Provider's system in a given hour, whether that energy is produced by owned generation or the purchase of power from a third party) to compen?

sate for the under?delivery of electricity by the Trans? mission Customer for that hour.

Decremental Cost to provide energy imbalance service shall be defined as the Transmission Provider's System Lambda (the out?of?pocket costs, measured in dollars per megawatt?hour, associated with producing the last MWH of energy on the Transmission Provider's system in a given hour, whether that energy is produced by owned generation or the purchase of power from a third party) to compen? sate for the over?delivery of electricity by the Trans? mission Customer for that hour.

-----Original Message-----
From: Malowney, John
Sent: Monday, October 15, 2001 3:23 PM
To: Nicolay, Christi L.
Subject: FW: Portland General Proposed Imbalance procedure
Importance: High

Christi;  The proposed settlement procedure does not seem to be that clear... usually LDC's allow participants either a percentage of pre-schedule or set MW volumes deviation which is cleared at the appropriate Index (Mid-C, COB etc.) and then any MW volumes outside the predetermined bandwidth would be settled at a percentage of the selected Index.  Montana Power Company (MPC) has an excellent working example.  John

-----Original Message-----
From: Foster, Chris H.
Sent: Tuesday, October 09, 2001 4:45 PM
To: Malowney, John
Subject: FW: Portland General Proposed Imbalance procedure
Importance: High

-----Original Message-----
From: Nicolay, Christi L.
Sent: Tuesday, October 09, 2001 3:22 PM
To: Foster, Chris H.
Subject: FW: Portland General Proposed Imbalance procedure
Importance: High

Thanks Chris.

-----Original Message-----
From: Nicolay, Christi L.
Sent: Tuesday, October 09, 2001 5:14 PM
To: Herndon, Rogers; Misra, Narsimha; Aucoin, Berney C. ; Furrow, Dale;
Baughman, Edward D.; Black, Don
Cc: Novosel, Sarah; Lindberg, Susan
Subject: Portland General Proposed Imbalance procedure
Importance: High

EES and EPMI services folk -- We would like your comments on this imbalance proposal by Portland General (FYI--to the extent that FERC accepts Portland's proposal, it could be used as precedent for other utilities):

PGE proposed a price to clear imbalances that was rejected by the FERC.  FERC told PGE to look to the Exelon order for guidance.  After an extension, the compliance filing is due Monday.  They have sought your reaction/comments.

 They had a discussion with FERC staff on how to comply.

1.  Staff agreed that, under the Order, PGE could use the average spot price (excluding long term purchases) of purchases and sales in the hour before to clear imbalances (Schedule 4).

2. The PGE situation does not fit the Exelon model, because PGE does not have purchases and sales in every hour (apparently Exelon did).  FERC staff agreed the situation was different, but had no suggested solutions.  Staff requested that PGE propose "something" and the FERC would react.

3.  The something is -- A variant of the proposal recently approved for Pacific Corp (?):

PGE would use Mid C prices, but use PGE's actual daily load shape. [Apparently, Pacific Corp. proposed Mid C prices, but would use the load shape from California.  This load shape is quite different then PGE's and could lead to arbitrage opportunities against PGE by third-parties.]

4.  Right now PGE's traders and outside counsel disagree on the best approach.  The traders want to just propose/use the Mid C price proposal for all hours.  Outside counsel believes they should propose/use the average spot price proposal when PGE does make purchases and/or sales in the hour before and the Mid C proposal in other hours.

Do you have a preference?

-----Original Message-----
From: Novosel, Sarah
Sent: Tuesday, October 09, 2001 1:26 PM
To: Nicolay, Christi L.
Subject: FW: Re: Energy Imbalance Tariff/compliance filing
Importance: High

-----Original Message-----
From: Hartsoe, Joe
Sent: Tuesday, October 09, 2001 2:09 PM
To: Novosel, Sarah
Subject: FW: Re: Energy Imbalance Tariff/compliance filing
Importance: High

Sarah,  This is what A.W. sent me.  Joe
-----Original Message-----
From: Turner, AW
Sent: Tuesday, October 09, 2001 11:11 AM
To: Hartsoe, Joe
Subject: Fwd: Re: Energy Imbalance Tariff

-----Original Message-----
Date:  10/04/2001  09:41 am  (Thursday)
From:  Joseph TAYLOR
To:  AW Turner;  BILL CASEY;  MICHELE FARRELL
Subject:  Re: Energy Imbalance Tariff

Sorry I was delayed with an other hot item.  Bill didn't like tying anything to prices derived in a different market (day ahead).  I'm leaning toward just using the shaped Dow Jones Non-Firm MC Index as published after the fact in the Wall street Journal.  Shaped hourly using our actual system load with the corresponding Index Price.  Attached is a spread sheet detailing the calculation with an example and a scan of how it is published.  Let me know what you think.

>>> MICHELE FARRELL 10/03/01 05:01PM >>>
Any new thoughts on what we should be proposing to FERC?   I think you were going to look at a method of shaping the Mid-C index and I was wondering how that was coming.


Rod and Tracy-

We are trying to plan for the 4th current estimate, and are looking at when our monthly reports roll in (around the 15th of December).  Can you give me guidance as to when we are due to give you our 4CE??  Hopefully, after the 15th will work.

Michael


Ask Linda Noske to schedule some time for us to go over.  I think it's great.

Jim

-----Original Message-----
From: Rodriquez, Andy
Sent: Tuesday, August 14, 2001 7:15 PM
To: Steffes, James D.
Subject: Tuition Reimbursement

Jim,

I am signing up for some correspondence classes to finish off my Bachelors.  I understand that I need to get you to sign off that yes, I am improving my value to Enron by taking them and yes, Enron is aware, and all that other good stuff.  Should I just send everything to you via interoffice?  Or do you want to talk about it in detail?

Thanks!

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


Enclosed are two slides that Robert used in his presentation.  Robert
presented an investment forecast of the nine Gas Distribution companies where
Enron partcipates. This is $455 million in the next four years 2001- 2004 for
the expansion of the systems. The reporter incorrecty reported $455 milion of
Enron investments.

Jose

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
10/17/2000 11:52 AM ---------------------------

Jose Bestard
10/17/2000 11:06 AM
To: Joe Kishkill/SA/Enron@Enron
cc:

Subject: FYI: News

---------------------- Forwarded by Jose Bestard/ENRON_DEVELOPMENT on
10/17/2000 11:06 AM ---------------------------

Keith Miceli@ENRON
10/16/2000 04:16 PM
To: Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Palmer@ENRON@ENRON_DEVELOPMENT, Adriana
Domingues/SA/Enron@Enron@ENRON_DEVELOPMENT, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ricky Lynn
Waddell/SA/Enron@Enron@ENRON_DEVELOPMENT

Subject: Re: News

Jose:  Robert spoke today at the Rio Oil and Gas Expo.  I was there and his
presentation referred to the investment plans of the LDCs in which Enron has
interests.  He did not say that Enron Brazil would invest $455 million.
Robert got the data from Rick Waddell.  I'll send you a copy of Robert's
presentation tomorrow.  Someone should call Adriana Brasiliero to have her
set the record straight.  I am planning to see her on Wednesday morning.
Regards, Keith

Jose Bestard@ENRON_DEVELOPMENT
10/16/2000 08:51 PM
To: Keith Miceli/Corp/Enron@ENRON, Mark Palmer@ENRON
cc: Adriana Domingues/SA/Enron@Enron, James M
Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ricky Lynn
Waddell/SA/Enron@Enron

Subject: News

I just received (10/16  4:39 PM Houston Time) a news flash in my beeper
service:

"Enron Brazil to invest $455 million in Gas Distribution" from DJ news

Keith can you trace this. We are selling not investing in Gas distribution.

Jose


-----Original Message-----
From: 	Polsky, Phil
Sent:	Thursday, August 09, 2001 2:56 PM
To:	Cantrell, Rebecca W.
Cc:	Miller, Stephanie
Subject:	Pipeline Info

Becky,

We are in the process of updating some of our pipeline fundamental information for the west.  As part of the process, I need to attach some probabilities to some of the proposed western expansions, and would appreciate your input on the following:

1) What are the timelines and major milestones in the FERC approval process (i.e. 18 months for environmental, land use, rate treatment, etc)?
2) Which of these, in your opinion, are the most onerous?
3) I am trying to determine at what stage in the FERC process some of the expansions are in (see attached file).  Who should I talk to about this?  Melinda Pharms?

Thanks,

Phil Polsky


14:09:56 Synchronizing Mailbox 'Sanders, Richard B.'
14:09:56 Synchronizing Hierarchy
14:09:56 Synchronizing Favorites
14:09:56 Synchronizing Folder 'Inbox'
14:10:04 	   18 item(s) added to offline folder
14:10:04 	   2 item(s) updated in offline folder
14:10:04 	   1 item(s) changed read-state in offline folder
14:10:04 	   53 item(s) deleted in offline folder
14:10:04 Synchronizing Folder 'Outbox'
14:10:05 Synchronizing Folder 'Sent Items'
14:10:08 	   13 item(s) added to offline folder
14:10:08 	   1 item(s) updated in offline folder
14:10:08 Synchronizing Folder 'Calendar'
14:10:10 	   3 item(s) added to offline folder
14:10:10 	   1 item(s) updated in offline folder
14:10:10 	   6 item(s) deleted in offline folder
14:10:10 Synchronizing Folder 'Contacts'
14:10:10 Synchronizing Folder 'Drafts'
14:10:10 Synchronizing Folder 'Journal'
14:10:10 Synchronizing Folder 'Notes'
14:10:10 Synchronizing Folder 'Tasks'
14:10:10 	   1 item(s) updated in offline folder
14:10:10 Synchronizing Views
14:10:10 Synchronizing Forms
14:10:11 Done


Will reschedule this for next week--Elizabeth and I will work on the presentation and send out our draft to you all before we meet.

Thanks.


Jennifer Fraser is leading our fundamentals intranet group for all products
within EGM.  Please contact her so we do not duplicate efforts, as the coal,
etc site will be incorporated with some uniformity into the larger EGM
site.

Thanks.  Jeff

	From:  Kevin McGowan @ ENRON                           10/04/2000 09:08 AM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Intranet Site

Jeff,

I need to get resources dedicated to building an intranet site specific to
Coal, Emmissions and Clean technologies.  West Power built an intranet site
which proved invaluable in providing fundamental info to the group.  Stu
Staley is independently working on one in London.  I am also aware gas is
pushing the same initiative.  Jeff Andrews, a new research hire in our group,
was hired to develop an intranet site for our group.  I have attached a memo
he has written which is pretty good considering his limited experience.  I am
hearing you have initiatives for this started, and would like to get
resources dedicated to our group as well.

kjm


Jeff:

Attached is some information regarding EPMI sales to CA utilities and munis.
We looked at only transactions by the Middle Market Group.  It might be
possible to bring in trades made through the traders, but that would require
a significant time investment and I don't think there would be that many
additional deals.

It is interesting to note that our average price for the very long term deals
is $50.  For CA utilities and munis that were bold enough to make decisions,
their prices are below $50!

Call to discuss.

Chris


Attached please find a clean and blackline of the latest draft of
the Enron South America Break-Out Agreement.  The only changes made to
this version is the addition of today's date and the 72/25 split of
Change Order 3 in Section 6.2.  We are still missing the Agreement
Reference in section 6.7.1.  We haven't made any changes to the exhibits
since the last time they were circulated.  I will pull them out of our
Houston database and circulate them shortly.
 <<Enron South America Turbine Agreement (version 4 to 5).DOC>>  <<ESA
Break-out Agreement Draft of 12/8/00.DOC>>
 - Enron South America Turbine Agreement (version 4 to 5).DOC
 - 00.DOC


Ken and Greg:

Prior to your potential meeting on Wednesday, I just wanted to get my two cents in with respect to Heath Schiesser and the Xlerator.

I vote in favor of supporting the Xlerator based on a few rationales:
First and foremost, Heath is a quality player - with a unique set of skills that would contribute to Enron's human capital;
The discipline that the Xlerator would bring to new businesses, in and of itself, probably justifies its existence:  for example, I believe that the investment in AMPS approaches $20 million - much of which is at risk due to inadequate discipline; and
The Xlerator appears to be a low cost R&D option of relatively limited size while compared to Enron - that may very well incubate businesses which create meaningful value for Enron.
At the same time, I acknowledge the costs, both financial and resources, and risks but feel the above benefits are greater.

Although support from the Management Committee would be nice, I believe that support from you two would provide the foundation upon which Heath and the Xlerator can be successful.

Jeff Donahue


Steve:
Based on the note from Rosalee, and if you agree, I'm going to assign low
priority to the issue.

Jeff

	Rosalee Fleming
	03/13/2001 08:46 AM

		 To: Steven J Kean/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron
		 cc: Vanessa Groscrand/Corp/Enron@ENRON
		 Subject: Re: Fellow referred to me by Ken Lay

Hi Steve and Jeff -

This was a cold call to Ken that Vanessa took while we were in Exec. Comm.
meeting.  She had asked Ginger who to refer him to as it was CA. and she
mentioned Jeff.  Please only call if there is any interest.

Rosie

From: Steven J Kean on 03/12/2001 04:46 PM
To: Jeff Dasovich/NA/Enron@Enron
cc: Vanessa Groscrand/Corp/Enron@ENRON, Rosalee Fleming/Corp/Enron@ENRON
Subject: Re: Fellow referred to me by Ken Lay

It was not mentioned to me.  I'm copying rosie and vanessa to find out if
this was a simple referral (in which case you should keep the work to a
minimum -- return the call, but don't get distracted from your other efforts)
or whether Ken is especially interested in this and wants us to follow
through.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/12/2001 03:54 PM

		 To: skean@enron.com
		 cc:
		 Subject: Fellow referred to me by Ken Lay

Just got a call from a fellow named Jame Edgerly at the Enterprise Zone,
Inc.  He told me that Ken Lay (through Ken's secretary Vanessa) referred me
to him.  He is very interested in getting us to help him work with the
Legislature to establish an "Enterprise Zone" energy tariff to encourage
investment in California's Enterprice Zones.  Before I launch on the effort,
just wanted to check in and see if this rings a bell with you.  Thanks.

Best,
Jeff


It took a lot of effort from ENA Legal (Lisa Mellencamp, Gerald Nemec & some
help from me), the Transport Desk (Stephanie Miller), the West Desk (Barry
Tycholiz) and Credit (Bill Bradford and Wendy Conwell), to finalize this very
funky credit substitution transaction with PG&E Trading (to cover over
$200million in margin exposure--Thank God it is now finally done.

If anyone catches wind of a PG&E Energy Trading bankruptcy, please advise
ASAP so that we can act quickly to exercise our valuation and exercise rights.

Thanks

Steve Van Hooser
Enron North America Corp.
1400 Smith
EB3877
Houston, Texas  77002
713-853-7238
----- Forwarded by Steve Van Hooser/HOU/ECT on 04/23/2001 03:48 PM -----

	Stephanie Miller@ENRON
	04/23/2001 03:31 PM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc: Lisa Mellencamp/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, William S
Bradford/Enron@EnronXGate@ECT, Barry Tycholiz/NA/Enron@ENRON
		 Subject: Re: AGREEMENT WITH RESPECT TO GAS TRANSPORTATION

ENA has successfully acquired the PG&E capacity through EPNG's capacity
release process. I will forward copies of the awards to legal.

Please call if you have any questions.

Regards,

Stephanie
x31688

Gerald Nemec@ECT
04/23/2001 02:06 PM
To: Lisa Mellencamp/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, William  S
Bradford/Enron@EnronXGate, Barry Tycholiz/NA/Enron@ENRON, Stephanie
Miller/Corp/Enron@ENRON
cc:

Subject: AGREEMENT WITH RESPECT TO GAS TRANSPORTATION

For the sake of completeness attached is the final version of the Gas
Transaction Support Agreement.

----- Forwarded by Gerald Nemec/HOU/ECT on 04/23/2001 01:42 PM -----

	"Meier, Peter" <peter.meier@neg.pge.com>
	04/23/2001 01:23 PM

		 To: "'gerald.nemec@enron.com'" <gerald.nemec@enron.com>
		 cc:
		 Subject: AGREEMENT WITH RESPECT TO GAS TRANSPORTATION

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.
 - Gas Transaction Agr. Execution (4-23-01).doc


Have you heard anything about the reschedule date?


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Thank you in advance for your participation in this very important
research.

Shugoll Research
7475 Wisconsin Ave. Suite 200
Bethesda, MD 20814
(301) 656-0310 x109
www.shugollresearch.com


I have forwarded all the agreements I  have to Gerald.  I assume that there
is an original of the Transaction Agreement in Houston.  It was done over the
Fax.
In addition,  Myself and Stephanie need about 15 minutes with you sometime
this week so that we can transition the Capacity Release activity on WIC to
Stephanie.

Mark

	Chris Meyer@ECT
	01/29/2001 09:56 AM

		 To: Gerald Nemec/HOU/ECT@ECT, Mark Whitt/NA/Enron@Enron
		 cc: Jean Mrha/NA/Enron@Enron
		 Subject: Huber Contracts

Gerald/Mark - I dropped off the Huber contracts as follows:

Trailblazer Assignment and Assumption Agreement - dropped off one original
for execution.  The VP was not there to sign.  We should receive the executed
original back from Huber this week.  Thereafter, all three originals go to
Trailblazer for signature.

Capacity Assignment and Prearranged Release Agreement - gave original to
Brian Stone.

Amended and Restated Transaction Agreement #2 - Brian stated that he mailed
the two "Huber" executed originals to Mark Whitt on 12/21/00.  I left the two
(replacement) unexecuted agreements with him in the event Mark cannot locate
those mailed in December.  Mark - do you have these?  Let me know ASAP.

Enfolio Master Firm Purchase / Sale Agreement - dropped off two originals for
execution (to replace the fax'd version).  Should get back this week.

Original Transaction Agreement - Brian only has a fax'd copy.  He wants to
know if there is an original that exists.  Let me know if we have any
originals or whether the deal was originally done over the fax.

chris
x31666


Ever had a great idea but been uncertain what to do with it?  It's the mental
equivalent of being all dressed up with no place to go.

Happily, there is help for the idea problem.  The next time you have a
brilliant idea, make a deposit in the Idea Vault on the ThinkBank.

The ThinkBank will help you earn credit for your ideas.  You can even watch
your line of credit grow!

And, the next time you're all dressed up with no place to go, just change
your clothes and have dinner delivered.

ThinkBank.  Coming to eThink September 29.


---------------------- Forwarded by Tana Jones/HOU/ECT on 10/14/99 05:01 PM
---------------------------

	Enron North America Corp.

	From:  Tana Jones                           10/14/99 02:47 PM

To: David Forster/LON/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT
Subject: Revised Online GTC's

Per my voicemail, below are the revised online GTC's.  Sorry for an
inconvenience this might have caused you.


cc: Mark
---------------------- Forwarded by David Forster/LON/ECT on 06/10/99 13:54
---------------------------

David Forster
06/10/99 13:52
To: Justin Boyd/LON/ECT@ECT
cc:
Subject: Re: Master Agreements

I actually meant for new Masters only - not replacing existing ones.

Dave

Justin Boyd
06/10/99 10:10
To: David Forster/LON/ECT@ECT
cc: Mark E Taylor/HOU/ECT@ECT
Subject: Re: Master Agreements

Dave - we did consider this at the time and decided not to proceed on the
basisi of a formal amendment of each of the Masters, for the following
reasons:

It would take considerable time to prepare (particularly in the US where
there are a much greater number of Masters) the necessary amendment
agreements.
Each Master would need to be separately considered and individual amendments
prepared.
The process of securing the agreement of each counterparty to an amendment
would have delayed the Project
In proposing a formal amendment, this would have meant identifying to the
marketplace the Project.

Clause 3 of the ETA sets out how we have dealt with the execution of trades
online wherer existing Masters are in place.

Regards

Justin

David Forster
06/10/99 08:51
To: Justin Boyd/LON/ECT@ECT, Mark E Taylor/HOU/ECT@ECT
cc:
Subject: Master Agreements

Just out of curiosity:

The GTC's state that GTC's will be used "Until a Master Agreement is
executed" . . .

Do we need to modify our standard Master Agreements to be consistent with
either the concepts or terms of EnronOnline?

I realise we are willing to accept variations for existing master agreements,
but I assume we would want to ensure that new Masters are as consistent as
possible . . .

Dave


Click on the Weekly Report for week ending December 8, 2000.

Weekly Report


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Dear PATRICE,

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I remember that we talked about him.  Can you please give me a call.

 -----Original Message-----
From: 	Presto, Kevin
Sent:	Monday, April 30, 2001 1:34 PM
To:	Lavorato, John
Subject:	Re: FW: willis phillips

I gave you his resume 3 months ago.   I am sending another copy upstairs today.   He would be a manager level hire.   No, he is not the ex-metals trader.

I would like to hire this guy ASAP.


Jeff:
In regards to the antitrust training, can you please schedule that at least
one of the sessions starts at 3:00 or later to ensure participation by all.
Thanks,
John


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/10/2000
03:23 PM ---------------------------
From: Kevin Garland@ENRON COMMUNICATIONS on 10/10/2000 01:06 PM
To: Richard Reichardt/Enron Communications@Enron Communications
cc: Ken Rice/Enron Communications@Enron Communications, Larry Lawyer/Enron
Communications@Enron Communications, Mike McConnell/HOU/ECT@ECT, Richard
DiMichele/Enron Communications@Enron Communications, Tom Gros/Enron
Communications@Enron Communications, Vince J Kaminski/HOU/ECT@ECT, Jon
Adler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: Seismic Data on Oil & Gas field Development via Satellite

There may be a business opportunity with this company, but I would not advise
making an investment.
Kevin Garland

	Richard Reichardt
	10/10/00 12:30 PM

		 To: Mike McConnell/HOU/ECT@ECT
		 cc: Larry Lawyer/Enron Communications@Enron Communications, Tom Gros/Enron
Communications@Enron Communications, Vince J Kaminski/HOU/ECT@ECT, Kevin
Garland/Enron Communications@Enron Communications, Richard DiMichele/Enron
Communications@Enron Communications, Ken Rice/Enron Communications@Enron
Communications
		 Subject: Seismic Data on Oil & Gas field Development via Satellite

Mike,

Using NASA satellite transmission of maritime data and establishing a Houston
Data Center to consolidate and centrally process 3D seismic data surveys for
oil and gas extraction, exploration and development could save the petroleum
industry more than $300 million dollars annually through reduced operational
expenses.  Added value in shortening the time to process and deliver the
finished surveys should generate more than $26 million per site (based upon
$15/barrel for average oil well production to market 30 days sooner)in
revenue.  By re-selling this data to market analysts or by internally using
this data for forecasting future oil/gas production Enron could increase the
accuracy of forecasting reserves and production capabilities globally.  By
holding the data as exclusive (or partially exclusive), Enron would have a
significant market advantage in futures pricing for oil and gas.(Vince's team
is quantifying the valuation of this information)

Attached please find an updated version of the business case for seismic data
transfer via satellite, by a geophysicist at SpaceData - William K. Aylor,
calculated using $22/barrel oil.

Based upon your availability, Jon Adler and I would like to make a
presentation to you (or your designated representative) on the Enron
potential of this opportunity, sometime next week (17-20 October).

 - SDT Business Case4.pdf

V.R.,

Richard Reichardt
Enron Broadband Services
(713)-345-8377 (Office)
(713)-907-3767 (Mobile)
1400 Smith Street, Suite EB 4364
Houston, Texas  77002


As you are probably aware, Elizabeth's little bundle of joy is due on
November 17!  We have scheduled her baby shower for October 27 at 2:00 p.m.
in the Houston office.

Earlene O'Connell and I will be accepting contributions for a group gift
through October 24th.
Please launch the attachment to view the invitation.

If you have any questions, please call me at 3-9191 or Earlene at 3-7870.

We hope to see you there!


Today I'm compiling next years' budget with Mike Coleman and Wayne Mays.  We will run these budgets by Chris Calger and Dave Duran.  We think that we can support all of E.W.S. using less dollars than last years' budget.  We may elect to do everything in house.  In any event, this is just your information - no reply necessary.

Bob Virgo


Dear Mark:

Test successful!!!!

If you want to fax us your cost basis information, we will
update your gain-loss report.  Our fax number is 720-785-6105.

Please contact us if you have any further questions or concerns.  Thank you for using Schwab's Email Customer Service.

Sincerely,

Glenn Ray
Schwab Signature Services Pinnacle

(c)2001 Charles Schwab & Co., Inc., member SIPC/NYSE

--Original Message--
From:	jeff.skilling@enron.com
Date:	09/21/01
To:	webtrading@schwab.com
Subject:	<None>  domestic)[#610845]

Mark Skilling

Glenn,

Wanted to test this.

I understand Jamie passed on my request to get cost-basis info for the invesestments in his account.  We have the Enron one as well as the ones for the investments just transferred over in the last month or so.

Thanks,

Mark


-----Original Message-----
From: U.S. Publishing Co. [mailto:season@restructuringtoday.com]
Sent: Wednesday, September 26, 2001 12:42 PM
To: RT Reader
Subject: Restructuring Today Wednesday September 26 2001

(see attached file:  rt010926.pdf)

Thank you,

Season Hawksley
U.S. Publishing Co.
800-486-8201


Scott,

Attached are the two deals we booked last week for Jared.

They are basically identical, with only slight modification on the price for
June-Sep.  Let me know which deal they want to unwind.  I need to get risk to
run a mini-book so I can tie it to the model.

I will come up in a few minutes to discuss.

Eric


John,

I appreciated your help.  I'm glad we got to do a real deal, even if it was a
strange one.  More to come!

I'll check on the sitter, but dinner on the 2nd sounds great.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 01/18/2001 03:54:44 PM
To: "C. Kay Mann (E-mail)" <Kay.Mann@enron.com>
cc:

Subject: Dinner

Kay-thanks again for the opportunity to work with ENA on the InterGEn deal-I
hope you were satisfied with us.

Could you and Neil come to our house for dinner on Feb. 2?

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


Can you let me know what the scoop is on those countries and I will update my
memo.  Thanks!
---------------------- Forwarded by Tana Jones/HOU/ECT on 03/08/2000 08:47 AM
---------------------------

Mark Dilworth
03/08/2000 05:57 AM
To: Tana Jones/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, David
Forster/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT
Subject: Re: Update to Approved Jurisdictions - Credit Derivatives

Other jurisdictions on EnronOnline are:

AUSTRIA
BELGIUM
CROATIA
CZECH REPUBLIC
DENMARK
POLAND
PORTUGAL
ROMANIA
SINGAPORE
SLOVENIA

should  I assume that these jurisdictions are disallowed for Credit
derivatives trading unless specifically approved?

M

	Enron Capital & Trade Resources Corp.

	From:  Tana Jones                           03/07/2000 04:26 PM

To: Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Tom
Moran/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Forster/LON/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Louise Kitchen/LON/ECT@ECT, David Weekes/LON/ECT@ECT, Mark
Dilworth/LON/ECT@ECT
cc: Edmund Cooper/LON/ECT@ECT

Subject: Update to Approved Jurisdictions - Credit Derivatives

Per my conversation with Edmund this morning, we are moving Germany to the
approved list for trading credit derivatives.  Below is the list, now updated
to reflect this change.

European jurisdictions which are are approved for trading credit
derivatives:  Finland, Germany, Norway, Sweden, Switzerland, and the U.K..

The European jurisdictions which are not approved to trade credit derivatives
include:  France, Gibraltar, Ireland, Italy, Scotland, Spain, and The
Netherlands.   For banks incorporated in a non-approved jurisdiction, it may
be possible for them to trade out of a branch located in an approved
jurisdiction (i.e. U.S. and U.K. branches).   This would have to be
determined on a case by case basis.

Canada is also not an approved jurisdiction for credit derivatives.

Please let me know if there are any changes to this list.


AGENT JH/SS BOOKING REF
ZDJU5U

                                          KEAVEY/PETER

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  PETE X37277

  DATE:  MAY 11 2001                   ENRON

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  03AUG HOUSTON TX     NEW YORK NY    115P    559P
CO 1970    V          FRI   G.BUSH INTERCO LA GUARDIA
                            TERMINAL C     TERMINAL M
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:44 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 06C NO SMOKING CONFIRMED KEAVEY/PETER

CONTINENTAL AIRLINES  13AUG NEW YORK NY    HOUSTON TX     259P    558P
CO 1975    V          MON   LA GUARDIA     G.BUSH INTERCO
                            TERMINAL M     TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         3:59 DURATION
                  AIRCRAFT: BOEING 737-300
                            SEAT 06C NO SMOKING CONFIRMED KEAVEY/PETER

      AIR FARE 241.86       TAX 26.64           TOTAL USD
268.50

                                        INVOICE TOTAL USD
268.50

PAYMENT: CCCA5490850070001643/1101/A011782

RESERVATION NUMBER(S)  CO/MVYLGL

KEAVEY/PETER                             TICKET:CO/ETKT 005 7028381410

CO  FREQUENT FLYER COWH845429
**CONTINENTAL RECORD LOCATOR: MVYLGL
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
ICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
NON-REFUNDABLE TKT MINIMUM $100.00 CHANGE FEE
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/


Awais,

I think the weather description you are referring to was sent by an attorney
in our group, Shari Stack.  If that is the one you are talking about, it
should be okay.   I don't know the regulatory guys, but I'll try calling
Steve Kean and see if I get a response.


This spreadsheet shows trade counts by counterparty for the month of October.  Each column represents a date, starting from today going back to October 1.  Only counterparties with at least 500 trades in all of October are shown.  The yellow highlighted rows are those counterparties that appear to be off their typical trading pace.

--jay


Scott:

In follow-up to our conversation, please note that your deposition in the above-referenced matter is scheduled for June 22, 2001.  I will get back to you with more details, including a propose preparation time, in the near future.

Thanks,

Jeff


Dear?Vincent Kaminski:
?
I got your contact details from the  web site for power marketers. I have a
strong interest in pursuing a career in  the energy industry?with a top
energy company like?Enron, where my  abilities and qualifications can be
fully applied for our mutual benefit.

I am graduating in May with an  MBA?degree with concentrations in finance and
information systems. This  summer I worked?as an intern with Structuring and
Analytics group of Ameren  Energy.?This internship?has been especially
challenging and has enhanced my professional competencies. While there, I
was afforded the opportunity to?develop a forward view  model?for?off-
peak?electricity price forecasting and analyze the  data sets of a
fundamental?model to create forward price curves. Both  projects added value
to the company and provided me with first-hand experience  in the area of
energy trading and marketing as well as modeling  techniques.

In addition, I have an undergraduate degree in Mechanical  Engineering and
two years' experience in power generating. With my work  experience in energy
finance and exceptional academic and professional  achievements, along with
my exemplary leadership and management potential and  outstanding analytical,
business communication, problem-solving and computer  skills, I'm convinced
that I will be able to make immediate contributions to  your company.

I am attaching my resume for your review. Should you have  any questions or
need clarification, please feel free to contact me at (504)  861-9110 or
qchen1@tulane.edu.

As I have some offers with deadlines  approaching, I would appreciate it if
you could give me a quick response. I also  expect?a base compensation above
$75k. I look forward to?hearing from  you soon.
?
Best Regards,

Qing (Christine) Chen
MBA  2001
A.B. Freeman School of Business
Tulane University
Tel: (504)  861-9110
 - resumeUS.doc
 - resumeUS txt.txt


all yours
---------------------- Forwarded by David W Delainey/HOU/ECT on 02/22/2001
07:50 AM ---------------------------

Teresa Bosien@ENRON
02/21/2001 04:07 PM
To: Mark Frevert/NA/Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron
cc: Charlene Jackson/Corp/Enron@ENRON, Jana Giovannini/HOU/ECT@ECT
Subject: Associate & Analyst YE2000 Performance Evaluations Not Received as
of 2/20/01

In order for the Enron Performance Review process to work effectively, it is
essential that employees receive written performance evaluations. The
attached list indicates Associates and Analysts in your business unit for
whom we have not received written YE2000 performance evaluations.  Thank you
for your attention to this matter.  If you need any additional information
please do not hesitate to contact me.

Terry Bosien
Human Resource Manager, Associate and Analyst Programs


Frank,

Thanks. I have given your name to the employee  Energy and Power Risk
Management
magazine who organizes Power2001 Conference in Houston (May of 2001).

Vince

"Frank A. Wolak" <wolak@zia.stanford.edu> on 11/28/2000 09:04:42 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject:

Vince,

   Sorry about the delay in responding.   It's the end
of the quarter and I'm teaching 3 courses, so things are
very busy, plus I had to work on a response to the FERC
Proposed Order for California.  Here is my student's CV.

   Please let me know if you need more information.

Frank Wolak
 - jmyan_cv_new1.pdf


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This email was sent to sscott5@enron.com


---------------------- Forwarded by Rob G Gay/NA/Enron on 02/22/2001 04:37 AM
---------------------------

"Boehm, Barbara" <bboeh@opic.gov> on 02/21/2001 06:23:42 PM
To: "'Rob.G.Gay@enron.com'" <Rob.G.Gay@enron.com>
cc: "'Kluesener, Frank'" <frank.kluesener@kfw.de>

Subject: RE: Commitment extension

Thanks for the update.  The sooner the better I think; it would be helpful
for us to know what defaults exist as we assess the whole "consent"
situation.

Thanks
Barbara

 -----Original Message-----
 From: Rob.G.Gay@enron.com [SMTP:Rob.G.Gay@enron.com]
 Sent: Wednesday, February 21, 2001 10:54 AM
 To: Boehm, Barbara; Kluesener, Frank
 Subject: Re: Commitment extension

 Yes, we have not been able to pull Laine and Jose away from their
very
 important activities on the Ridges, the Siemens negotiation and the
Furnas/
 Brazil Inc. efforts.  I think Eddie Daniels is going to try and
start
 pulling the scedule together this week and next.  Thanks for the
follow up.
 Please let me know if the passage of time is endangering this
effort.

 Regards,

 Rob

 "Boehm, Barbara" <bboeh@opic.gov> on 02/20/2001 05:44:24 PM

 To:   "'rob.g.gay@enron.com'" <rob.g.gay@enron.com>
 cc:

 Subject:  Commitment extension

 Rob
 I forgot to ask you about this this morning: can you  please give me
an
 update on the status of Amendment #2 (the commitment extension).  I
believe
 we are waiting for an update of the attached schedule.
 Thanks
 Barbara


-----Original Message-----
From: Heizenrader, Tim
Sent: Tuesday, October 09, 2001 1:59 PM
To: Lavorato, John; Allen, Phillip K.; Grigsby, Mike; Zufferli, John
Cc: Belden, Tim; Swerzbin, Mike; Richey, Cooper
Subject: West Power Weekly Briefing

Charts for today's meeting are attached:


Mark, should we forward Carol's email to Bill, so he knows what the issues
are?


Although, as a women, "cojones" aren't necessarily the best attribute to
have...there never has been, nor will there ever be a question of my
possessing them - even you would have to concede that much.  As for the bet,
if I recall correctly (and I always do) someone once said they had a little
bit of a "problem" gambling and I could not in good conscious have acted as
an enabler.  And, a true fan (longhorn or not) is there through the good
times and the bad and believe me I been there through it all (a degrading
loss to your alma mater, as well as an unbelievably beautiful victory over
Nebraska) always managing to stick it out no matter how bleak things got.
Speaking of which it must sting being beat by the last place team in your
conference...but I'm sure the Pac-10's record against non-conference
opponents is really helping to ease that blow.  Speaking of feather's in the
conference cap, looks like our next national champion is going to be from the
Big 12 - will wonders never cease.

My Monday is going great, thank you very much and I will show extreme
restraint and refrain from any Chips comments ( Besides, I don't have time to
type that much ).  UCLA could stand a chance next year if the NFL doesn't
prove too tempting to some of your vets...how does that saying go,  "Like
rats fleeing a sinking ship?"

Ted Noble
11/27/2000 01:18 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Hind-sight's 20/20

This email would have been impressive if you had the "cojones" to bet
up-front but being a true longhorn fan explains your lack of spine.  I don't
think Texas is that good rather A&M is that bad.  Besides, we all know that
the Pac-10 had the best record against non-conference opponents.  UCLA will
dominate next year and Texas will be forced to play second fiddle to the
likes of Oklahoma, Nebraska, Kansas State etc.  yet again.  I hope your
Thanksgiving went well and you had some fun in Austin.  I will give you
credit on one thing, the vest is a no-no and my days of playing Chip are over
(the vest is being given to an aggie - those cult like people).  No old age
references to the show Chips because that would just be mean.  I hope your
Monday is going well.

ps: I was rooting for the Longhorns and I am glad they waxed the Aggies.

Susan M Scott
11/27/2000 11:42 AM
To: Ted Noble/HOU/ECT@ECT
cc:
Subject: Hind-sight's 20/20

Well, given the impressive results of Friday's game, I suppose I should've
taken the bet...I mean I knew we were good, but I didn't realize we were THAT
good.  Watching the game I couldn't help but remember some comments made not
too long ago about this being a building season and that the Horns would be a
force to be reckoned with come the next two seasons - - I love it when I'm
right.  With an increasingly more confident sophomore quarterback leading the
charge and three (count them three) very mature freshman receivers all eager
to make big plays, not to mention last year's top quarterback recruit Chance
Mock serving as a back-up, next season promises to be something to watch.  My
condolences on your prospects not looking quite as bright .

Hope you had a nice Thanksgiving and good luck helping all of your Aggie
co-workers through this trying time.

Susan

(Oh and Chip, I'd store the Gig'em sweater-vest away for the next 360 days or
so if you want to avoid any post-game ridicule...in a round about way you are
an "Ag" man now.)


FYI

Any recollection?

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/27/2000
10:30 AM ---------------------------
From: Gillian Boyer@ENRON on 11/27/2000 10:25 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Arthur Andersen model validation request

Vince,

                  Our goal is to validate that the Enron Global Market book
administrators are accurately using the "spread option model" as developed by
the Research Group.    To determine this, we would like to provide you with
the inputs for a particular deal (as provided by a Global Markets book
administrator) and have you recalculate the deal value.   We will then
compare your results to the values calculated by Global Markets.

 Two Koch deals have been chosen due to their substantial P/L effect.  I have
attached the deal data in two forms: (1) the spread option model that Kara
Boudreau, Book Administrator EGM, provided and (2) an excel spreadsheet that
isolates the 2 deals.

 If there is anything more that we could provide, please don't hesitate to
call me at  x30968.

 Thank you so much for all of your help.

 Gillian

1.

2.


Rob, I am still waiting for the first run of the numbers for legal.  I will
keep you posted.  Mark

	Rob Milnthorp
	01/03/2001 10:40 AM

		 To: Wes Colwell/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Bonus #'s

Folks, could you give me a heads up on proposed bonus #'s for your Canadian
reports when you have a moment?

Thanks
Rob


-----Original Message-----
From: Dan Douglass [mailto:douglass@energyattorney.com]
Sent: Tuesday, September 11, 2001 10:46 PM
To: ARM; Vicki Sandler; Tamara Johnson; Mara, Susan; Steve Huhman; Roger Pelote; Rob Nichol; Randy Hickok; Nam Nguyen; Jim Crossen; Dasovich, Jeff; Janie Mollon; Jack Pigott; Greg Blue; George Vaughn; Gary Ackerman; Ed Cazalet; Denice Cazalet Purdum; Curtis Kebler; Curt Hatton; Corby Gardiner; Charles Miessner; Carolyn Baker; Bill Ross; Karen Shea; Max Bulk
Subject: EPUC Comments re DWR Decision

Attached are EPUC's comments opposing the draft decision.  They argue that, "The DD implicitly overstates the Commission's obligation under these provisions and, consequently, risks the public interest.  While the Commission must assure recovery of the costs incurred by DWR, the statute does not require the Commission to assure full recovery of a fixed value in the face of variable assumptions.  Failing to address these variables could lead to unnecessary rate increases and further injury to the state's economy.  Moreover, while the Commission must adopt a "stop gap" allocation of DWR costs among utilities to determine who will make the payments, there is statutory requirement or practical  need for a final, absolute allocation to be adopted before a more careful examination can be made."

EPUC concludes by saying that it, "urges the Commission to tailor narrowly its decision adopting a DWR revenue requirement.  The Commission should adopt a mechanism, as described herein, that would limit or eliminate the difference between DWR actual costs and utility remittances.  The Commission should also adopt only an interim inter-utility allocation, to be reconciled with a final methodology pending a careful and thorough examination of cost responsibility."

Dan

Law Offices of Daniel W. Douglass
5959 Topanga Canyon Blvd.  Suite 244
Woodland Hills, CA 91367
Tel:   (818) 596-2201
Fax:  (818) 346-6502
douglass@energyattorney.com <mailto:douglass@energyattorney.com>


Start Date: 10/17/01; HourAhead hour: 16;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101716.txt

Error retrieving HourAhead price data - process continuing...


I will get you guys some names on people that i would like this to go to.

Can you re-send to me the distribution list including contact name, e-mail address, sorted by business group.

Industrials, Muni's, Untilities, Producers, Other

Thanks.

BT


We'll get that for you.  We are awaiting a call back from Questar to confirm out days in the data room.  This coming week looks doubtful.  We'll be in touch.

Mark

 -----Original Message-----
From: 	Stephens, LD
Sent:	Wednesday, October 24, 2001 3:05 PM
To:	Watson, Kimberly; McConnell, Mark
Subject:	RE: Southern Trails Due Diligence - Location, time etc.
Importance:	High

Could either of you provide an address of the location of the data room?

Thanks, LD

-----Original Message-----
From: Hawkins, Don
Sent: Monday, October 22, 2001 6:42 PM
To: Watson, Kimberly; McConnell, Mark
Cc: Stephens, LD; Ames, Mike; Campbell, Larry; Kendrick, William; McGee, Johnny; Crump, Michael; Pribble, Dan; Brassfield, Morris; Abdmoulaie, Mansoor; Martin, Jerry D.
Subject: Southern Trails Due Diligence

Kim, Mark listed below are the ETS Operations employees that will participate in the Southern Trails due diligence October 29th and 30th in Salt Lake City, Utah.

	L.D. Stephens - Team Leader/Operations
	Larry Campbell - Environmental
	???????? - ROW (To be determined by Johnny McGee and communicated directly to you)
	Mike Ames - Pipeline Safety

As discussed, these employees will arrive in Salt Lake, Sunday evening, October 28th prepared to go to the data room Monday 29th and Tuesday 30th.  They will return to their respective home locations Wednesday morning, October 31st.

Please provide a Questar contact person and address of the data room.  If you could also provide the name of a hotel close to the data room, it would be appreciated.
Names of other Enron parties participating in the due diligence and where they are staying would be helpful.  Any specific limitations imposed upon the data room review
should be communicated as soon as possible.

Morris Brassfield (Operations Support) and Jerry Martin (E&C) have determined that it is not necessary for them to have personnel attend the data room.  The operations team will retrieve as much information as possible to support their needs.  It was also my understanding no one from Planning and System Optimization would participate.

As I will be out of town the rest of the week, please communicate directly with these individuals via e mail.  If you need to need to contact me, I can be reached at 713-303-2764.

Don


Prescribing Ritalin: Who Decides?Doctors or Lawyers?

Monday, June 18, 2001, 9:30 a.m.*Noon
Wohlstetter Conference Center, Twelfth Floor, AEI

     The medical community has undertaken a vigorous debate about attention deficit hyperactivity disorder (ADHD). At one extreme are doctors, psychologists, and others who question whether clinicians are "medicalizing" childhood.   At the other pole are doctors who eagerly prescribe medications for youngsters at the slightest hint of trouble. Nonetheless, while over diagnosis and over prescribing are legitimate concerns, the consensus among mental health professionals is that ADHD exists and that stimulant therapies like Ritalin are effective.
     A legal debate has now been added to the medical one. Trial lawyers representing a class of parents whose children were diagnosed with ADHD have filed lawsuits in several states against the maker of Ritalin and the American Psychiatric Association.  They allege that the two conspired to "create" a disease to hype the benefits of the drug.  This conference will include an overview of the ADHD controversy and an examination of the implications of the ADHD litigation, followed by a question and answer period.

9:00 a.m.	Registration and Continental Breakfast

9:30                  The Clinical Aspects of ADHD
                         Panelists:  Marilyn Benoit, American Academy of                                                                                Adolescent and Child Psychiatrty
                                          William Carey, Children's Hospital of                                                                                Philadelphia
                                           Jerome Wiener, George Washington                                                                                University of Medicine and Health                                                                                Science

                        The Legal Controversy over ADHD

10:45                 Panelists:   John Coale, Coale Cooley Lietz Mc Inerny
                                           Peter Huber, Manhattan Institute for Policy Research
                                           David Siegel, Crowell & Moring, LLP

                         Moderator:  Sally Satel

Noon                 Adjournment

I will attend the conference on June 18th

Name:
Title:
Affiliation:
Address:
City/State/Zip:
Telephone:
Fax:
Email:

You may register online at www.aei.org/inv010618.htm, or fax this form to 202.862.7171, or mail this form to Conferences, American Enterprise Institute, 1150 17th Street, N.W., Washington, DC 20036.

For additional information, please contact Todd Ostroske at 202.828.6024.


-----Original Message-----
From: 	Kaufman, Paul
Sent:	Tuesday, August 07, 2001 11:16 AM
To:	Steffes, James D.
Subject:	RE: PRESENATION FOR 4pm CALL

Here's my redraft:  note additional designations for gas and electric rates.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Tuesday, August 07, 2001 9:09 AM
To:	Kaufman, Paul; Kingerski, Harry
Subject:	PRESENATION FOR 4pm CALL

 << File: Govt Affairs Support For West Desk.xls >>

Is this ok with you guys?

Jim


I expect to be out of town Wednesday and Thursday of next week (don't worry,
Ben can ALWAYS find me).  I would like to review the stuff before I leave
town.  Could I come over Tuesday and give it a look?

Do you guys think we need or should give Intergen the assignment docs and the
bills of sale?

Kay


looks good

Robin Rodrigue
07/07/2000 07:50 PM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: Re: FT Can Positions

Here are your positions including the exotics.

Robin