---------------------- Forwarded by Kay Mann/Corp/Enron on 05/24/2001 11:57
AM ---------------------------
From: Reagan Rorschach/ENRON@enronXgate on 05/24/2001 11:38 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: FW: Open items for MDEA

 -----Original Message-----
From:  Fairley, David
Sent: Thursday, May 24, 2001 11:15 AM
To: Rorschach, Reagan
Subject: RE: Open items for MDEA

 -----Original Message-----
From:  Mann, Kay
Sent: Wednesday, May 23, 2001 5:06 PM
To: Rorschach, Reagan; Kroll, Heather; Fairley, David; May, Tom
Subject: Open items for MDEA

[Fairley, David]

Here are issues which I'm unclear about, all of which impact the drafting of
the agreement:

How are we setting the heat rate?  Do we have the GADS (?)?  Is it a daily
average, weekly average?  Flat rate? Adjusted? If so, how often?
[Fairley, David]
Each utility is obligated to provide the heat rate information to use in the
appropriate Exhibit and the Stack Model.  As conditions change the utilities
must update this info.  We are tracking heat rates based on actual fuel
usage.  Services and Orig agreed yesterday to add language that requires a
quarterly review of heat rate data to determine if the assumptions being used
are satisfactiry -- it can never be exact, but it should be accurate within a
band of acceptability.  No GADS.  Heat rates will be adjusted in the model as
often as necessary to account for significant changes such as hotter ambient
temps..

Are we comfortable that there are no permit restrictions?
[Fairley, David]
Yes, their units are too small.  We have discussed this with the customer,
and with our internal air permit guys.
[Rorschach, Reagan]  They have Title V permits, and they are faxing them to
us today.  They have no run hour limitations on gas, however, they are
limited on oil.  Will need to get that summary to Kay as soon as possible.

We have determined that we won't deal with fuel oil, right?
[Fairley, David]
We won't buy and sell fuel oil.  We may dispatch on oil at start-up, or we
may switch to oil and sell the gas if profitable, which constitutes a Product
transaction with the resulting profit split.
[Rorschach, Reagan]  We need to state that MDEA and Cities are responsible
for maintaining fuel oil supplies.

We aren't making money on gas, right?
[Fairley, David]
We make money on gas two ways.  The first is outside the contract, and is
basicly any internal profit on re-sale of gas to the Cities.  The second way
we can make money on gas is when the gas trade is in the form of a Product
trade, and those procedures apply.

Do we have a defn of costs that we like yet, and if so, how does it fit in to
the picture?
[Fairley, David]
Yes, will send separately.

Is there an up-to-date set of exhibits?
[Fairley, David]
The Marketing Strategy, the Trading and Risk Policy, and the Description of
Asset Management have been upated.  The other Exhibits have not been
modified.  The Marketing Strategy and Trading & Risk Policy have been
discussed at length with MDEA (MDEA commercial, not legal), and their
comments/questions incorporated.

It would help if theh commercial part of the team could send me the
following, in words and/or formulae:

The defn and method of establishing the bogey (target production cost)
formula can be an exhibit, which would be great for the commercial team to
work on.
[Fairley, David]
Thought we had this covered in the definitions and obligations of the
parties.  Will look at it again.  Conceptually, MDEA, Services Group, and
Orig are in full agreement, so we need to make sure that the contract
language is clear enough.
[Rorschach, Reagan]  See attached exhibit detailing the calc with an example.

 Are we determined how we should deal with imbalances (part of cost of
power)?
[Fairley, David]
There are three considerations on this: (1) who wears imbalance exposure?,
(2) who manages imbalances (hourly type activity), and (3) who pays for
imbalances?  Imbalances are billed by Entergy directly to MDEA under their
Network Services Agreement.  EPMI's hourly desk manages the load/resource
items hourly, but MDEA has the exposure (physical and price) to imbalances.
Weather/load changes, and fluctuations in supply create hourly imbalances
(they happen, they are uncontrollable, and we fix them) which EPMI's hourly
desk manages as part of the imbalance service described in the definitions
and obligations of the parties.  A different section in the contract states
that MDEA wears the exposure.

 How are we setting the bogey?    Formula?   [Fairley, David]  The bogey is
set when the load projection and stack models are run each day.  Both parties
participate by providing certain necessary info and discussing results and
planning the day's activities.
[Rorschach, Reagan]  Records of bogey decisions will be archieved

Subject to audit?  [Fairley, David]    Yes, but they would be auditing
something that is jointly derived each day.  Frankly, they would like to have
less involvement; ie, they trust us to do it all, but we are requiring them
to participate and buy in every day.

Two bogeys or one (gas and oil)?
[Fairley, David]
One bogey for power.  Gas is an input for determining the bogey.
[Rorschach, Reagan]  Bogey set day-ahead.

What is defn of profit?  I think I have the general idea, but a sentence or
two would be helpful as a reality check.
[Fairley, David]
This is in the pricing calc's.  Should we have a definition?

What costs are included on the buy and sell side [Fairley, David]  see cost
definition being provided separately.

Re stack model: a sentence or two describing what it is and how it is used.
[Fairley, David]    See definition in my mark-up's to the main agreement.

Updated exhibit on facilities, contracted resources, operating limits.
[Fairley, David]   Services and Orig are reviewing these, but other than what
was mentioned above, probably no changes unless you see a specific area that
is a problem.

What information does MDEA need for us to provide in order to split
costs/profits?  Are we clear that Cities buy gas, MDEA buys/sells power?
[Rorschach, Reagan]  I will be getting exhibits of the reporting both daily
and monthly.  We need to make sure to limit our info providing
responsibilities to those reports.

It would be great if I could get one set of answers to these
questions/issues, which has commercial buy in all around.

Thanks,

Kay


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 11:37 AM -----

	Jeff Blumenthal
	06/30/2000 11:29 AM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Jaime Williams/NA/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT
		 Subject: Re: Update

Carol,

I have been working with Mexican tax counsel regarding the online issues and
received written advice from them yesterday, which I'll summarize and provide
to all of you ASAP.  Best regards.

   Carol St Clair                06/30/2000 11:10 AM

To: Jaime Williams/NA/Enron@ENRON
cc: Sara Shackleton/HOU/ECT@ECT, Jeff Blumenthal/HOU/ECT@ECT
Subject: Re: Update

Jaime:
Here is a message that I received from our counsel.  Again, I and they are
just focusing on the Enron Online issues and Sara is handling the issues
relating to doing transactions offline between Enron Mexico and the Mexican
counterparties.  I will suggest to our counsel that we have a call mid next
week involving you, me and them.  What is your availability on Wednesday?
Alos, who from credit are you dealing with and are they aware that we
probably will not be able to in a bankruptcy situation offset amounts owed
with respect to the online and offline transactions?

Jeff:
Are there any tax issues that we need to be concerned about regarding the
online piece of this?
Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 11:00 AM -----

	Carol St Clair
	06/30/2000 08:05 AM

		 To: Mark Taylor/HOU/ECT@ECT, David Forster/Corp/Enron@Enron
		 cc:
		 Subject: Re: Update

Mark and David:
Here is the status of research our counsel in Mexico is doing re online
issues.
Carol
----- Forwarded by Carol St Clair/HOU/ECT on 06/30/2000 08:04 AM -----

	"Pablo Perezalonso" <pperezalonso@rhm.com.mx>
	06/29/2000 07:41 PM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: Re: Update

Carol:

We are working on the questionaire, but we have been delayed. We will have an
initial draft by the middle of next week.

Regards

>>> "Carol St Clair" <Carol.St.Clair@enron.com> 06/29/00 04:41PM >>>

Pablo and Jose:
Could one of you e-mail me with an update of how your review of the online
issues and documents is going and when we may be able to visit about your
views
on these matters?  Thanks.

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


Plz call.  Any numbers yet?  Skilling talking to Gov today?   415.782.7822.


now that we are officially behind a chinese wall can this process be
reevaluated?  I think that it will be increasingly difficult to scale at the
pace we need to over the coming months if we can not design an automated
process.  Are we trying to avoid actually misusing confidential information
or the perception of misusing the information?  our intent is to begin to
scale on a massive level from now until we have reached over a million
reference credits.

bs

From: Mark Taylor on 31/05/2000 09:29 CDT
To: Bryan Seyfried/LON/ECT@ECT
cc: Denis O'Connell/LON/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Markus
Fiala/LON/ECT@ECT, Paul Simons/LON/ECT@ECT, Rod Nelson/HOU/ECT@ECT, Tomas
Valnek/LON/ECT@ECT, William S Bradford/HOU/ECT@ECT

Subject: Re: additional names

Bryan -

The process for approving these involves sending the names to the General
Counsels of the various operating companies here in Houston.  Several of them
then send the lists to the senior business people in their organizations.
Unless there is a real urgency, I would suggest that we send the list all at
once instead of piecemeal.  What do you think?

Mark

	Bryan Seyfried
	05/30/2000 08:09 AM

		 To: Rod Nelson/HOU/ECT@ECT, Paul Simons/LON/ECT@ECT, Edmund
Cooper/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Denis O'Connell/LON/ECT@ECT
		 cc: Markus Fiala/LON/ECT@ECT, William S Bradford/HOU/ECT@ECT, Tomas
Valnek/LON/ECT@ECT
		 Subject: additional names

We are in the process of selecting a large number of reference credits to be
approved for display on the web site.  Our intention is to have 1000 names on
line by the end of the quarter.  We are internally scrubbing the lists now
and will forward them soon.  In the meantime, can we get approval to quote
the following on line:

Transocean Sedco Forex Inc.
KPN N.V.
Deutsche Telekom
Technost International
Vivendi
Ryder Systems
Petrocanada

thanks


Here is a draft position report we talked about previously. We had delayed
distribution because we were waiting for some important input on the Sithe
contract.

The report attempts to view various assets and positions entirely on an
economic basis, regardless of accounting treatment. Currently this is not
exhaustive since the universe of economic exposure is significant but if
useful we will spread the net.

Here are the highlights:

Enron stock option plans:

ENE is low and volatility is around 45 - 50%. We are working with Global
Finance and Accounting on a hedging proposal.

J Block CRTA:

We have not factored in the impact of yesterday's House of Lords ruling on
this contract.

Korea:

USD/KRW has gone from 1205 to 1368. Economic outlook is bleak. Enron's
currency translation account (CTA) has gone from $19m Dr to $40m Dr since
January.

Brazil:

Argentina's woes are not helping. USD/BRL is currently 2.17 from 1.95 in
January. CTA has suffered $173m in losses and now stands at $663m Dr.

Thoughts and comments welcome.

Rgds
DP


Start Date: 10/16/01; HourAhead hour: 2;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001101602.txt

Error retrieving HourAhead price data - process continuing...


Mac&Cheese huh?  Eating a light lunch?  When I was at Tech I complained about
the food one day (well actually I complained a lot, but one day I made an
official complaint).  Anyway I was telling the guy over the food service that
the food was overpriced and the quality was pathetic.  And he told me they
were actually losing money.  All I had to say to that was if you can charge
$6.50 for Beanie Weenies (actual price of an actual dish passed off as an
entree)  and lose money you must be the worst businessman in the history of
the world.  I don't think he appreiciated me sharing my opinion with him.


Dear Mr. Dasovich:

Thank you for your email request for a mutual fund average cost basis
report.  We appreciate this opportunity to assist you.

We have requested that the report be duplicated and sent to your address of
record.  Please allow seven to ten business days for it to arrive.

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

Sincerely,

Robin OCanna
Schwab Email Customer Service
http://www.schwab.com
(c)2001 Charles Schwab & Co., Inc., member SIPC/NYSE

-- Original EMail Message, Contact #24112403 --

Jeffrey Dasovich

Greetings:
I either haven't received, or received but misplaced, my mutual fund cost
averaging report, which I need for to report my taxes for FY2000.  Is it
possible for you to send me the cost averaging figures for Fidelity's "Fifty"
Fund, which I sold in 2000 but need the cost average figure for?  Thanks very
much.

Best,
Jeff Dasovich


?

?

Your Quote Number:????? 101-0397

?

?

To ask questions or to activate your Quote, you can either reply by email or

?

Call Rob Armstrong or Jimmy Nguy at (281) 296-5294 or (281) 296-5269

?

?

SHOPPING THRU THE INTERNET

?

Thanks for choosing to shop and purchase your next vehicle through the
Internet Sales Department of our dealership. More and more people each day
are discovering the ease and advantage of &on-line8 shopping. More than just
gathering and dispersing information, your Internet Sales Representative will
actually see you all the way through the final purchase of your new Toyota,
insuring your complete satisfaction with this all-new, painless and
hassle-free method of purchasing.

?

?

Hello again, September!

?

We performed the search you requested and we believe we have close to what
you are looking for!? We have available in our inventory the following
vehicle:

?

Vehicle:???? 2000 Ford Explorer Automatic (6-cyl, 4-door)?

Color:??? ???? Exterior- Black

Stock#:????? YZA51697P

Mileage:???? 28,623 (Approximately)

?

Features Include:? AC, Alloy Wheels, AM/FM/Cassette/CD, Tilt, Dual Airbags,
Power Windows/Locks/Mirrors, Fog Lamps, Anti-Lock Brakes, Running Boards,
Roof Rack

?

Sticker Price:????????? $24,995.00

?

Internet Price:???? $21,864.70 + TTL

PRICE VALID THRU INTERNET SALES DEPARTMENT ONLY.

?

Note:? If we,ve left out any options or added something you do not want, don,
t hesitate to contact us to make the correction. Our goal is to get you
exactly what you want, at the lowest price available, with no hassles.

?

FREE Tinting or Gold Package!? (Your Choice)

Just to say &thank-you8 for choosing to purchase through the Internet Sales
Departmentwe would like to present you with a free offer. When you visit the
dealership and ask for the Internet Sales Department, we will add free Window
Tinting or Gold Plating Emblem Package to whatever Pre-owned Vehicle you
purchase through the Internet Department.

?

FREE PRIZE!? (No purchase necessary)

Just to say &thank-you8 for choosing to purchase through the Internet Sales
Departmentwe would like to present you with a free prize. When you visit the
dealership and ask for the Internet Sales Department, we will present you
with a Docu-StandTM, absolutely free! This document holder will keep
important notes and letters (approx. 50 sheets) in clear view. Papers stand
straight up, making it easy to refer to them when typing or talking on the
phone.

?

?

DIRECTIONS

?

Dealership

?

Our dealership is located on I-45 North, just north of 1960. Heading north,
take the Cypress-Holzwarth Exit (Exit 68) and stay on the feeder through the
light until you see us on the right.

?

Internet Department

?

The Internet Sales Department is located in special offices at the rear of
the Used Car Building. This is the smaller building on the right as you enter
the dealership. Just ask anyone in the Used Car Department up front, and they
will escort you to our offices. We are open 10:00 am to 9:00 pm Monday thru
Friday and 10:00 am to 7:00 pm Sunday. All New and Used car sales departments
are closed on Saturday.

?

DISCLAIMERS

?

This quote is valid through the Internet Sales Department only, and is not
valid in conjunction with any other sales, promotions, or special offers,
other than factory rebates and financing specials.

?

Quotes are subject to correction if found to be in error. Quotes on all
vehicles are on specific units and are subject to availability. Units can be
reserved for a limited time with a refundable deposit. (Call for details).

?

Pricing and rebate offers are valid on vehicles sold and delivered prior to
Jan 31, 2001. Vehicles, which are special ordered or processed prior to Jan
31, 2001, but not delivered until after Jan 31, 2001, will be subject to
prices and rebate offers (if any) during the current month at time of
delivery.

?

Looking forward to hearing from you!

?

Rob Armstrong, Internet Sales Manager

Jimmy Nguy, Internet Sales Representative

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Effective April 6, 2001, I am resigning my position as Director of Federal
Regulatory Affairs with Enron Corp.  It has been a pleasure working with
you.  I will be working today and will be on vacation for the remainder of
the time.  During my vacation, next week, I can be reached at home at (503)
699-5864.  The next week, Lysa will know how to reach me.


Steve:

Thought you might want to see how we're pursuing the "transmission equality"
issue in Maryland.   Rick and Joe were blind copied on the original message.

Hope you're doing well.

Lisa
---------------------- Forwarded by Lisa Yoho/HOU/EES on 05/09/2000 08:04 PM
---------------------------

"Lori W. Walter" <lwalter@wolfblock.com> on 05/09/2000 01:54:18 PM
To: <cmenhor@alleghenyenergy.com>, <rcarder@alleghenyenergy.com>
cc: <bammon@psc.state.md.us>, <ctimemrman@psc.state.md.us>,
<gcarmean@psc.state.md.us>, <gelert@psc.state.md.us>
Subject: APS Compliance

Please see attachment.

 - H7W01!.WPD


Shelley -- I'm going to the game but should be back in the office after 5 pm
today if you want to chat.  x30596.


Isaac needs to be set up with a certificate for the Ercot Portal.    Is there a form I need to fill out for this?

JMF


This is an automatically generated Delivery Status Notification.

Your message has been successfully relayed to the following recipients, but the requested delivery status notifications may not be generated by the destination.

       shawn.cumberland@elpaso.com

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

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=RSHAPIRO>
To: shawn.cumberland@elpaso.com
Date: Tuesday, November 27, 2001 11:01:35 GMT
Subject:

FYI...I'll give you a call by week's end. Thanks.

-----Original Message-----
From: Wellman, Stephanie [mailto:Stephanie.Wellman@ElPaso.com]
Sent: Tuesday, November 27, 2001 12:39 PM
To: Shapiro, Richard
Subject: Interview with El Paso

After working with all admins, I have set your second interview as
follows:

Wednesday, December 5, 2001
1:00 PM	Norma Dunn
1:45 PM	Gary Konnie
2:30 PM	Bryon Kelley
3:15 PM	Ralph Eads

Please let me know if I can be of any further assistance.

Stephanie E. Wellman
Executive Administrative Assistant

******************************************************************
This email and any files transmitted with it from the ElPaso
Corporation are confidential and intended solely for the
use of the individual or entity to whom they are addressed.
If you have received this email in error please notify the
sender.
******************************************************************


USA: Con Ed Urges FERC to Fix N.Y. Wholesale Electric Market
Reuters English News Service, 01/23/2001

Enron to Webcast Annual Investor Conference
PR Newswire, 01/23/2001

USA: U.S. Cash LPG - Market Drops on Softer NYMEX Nat Gas
Reuters English News Service, 01/23/2001

California Regulators May Block Sales of Nevada Power Plants
Asociated Press Newswires, 01/23/2001

USA: Con Ed urges FERC to fix N.Y. wholesale electric market.

01/23/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Jan 23 (Reuters) - Consolidated Edison Inc. , in an effort to
protect its more than three million electric customers, urged the Federal
Energy Regulatory Commission (FERC) to adopt mechanisms to reduce price
spikes.
At the opening of a two-day FERC hearing in Washington, D.C. on Jan. 22-23,
Con Ed said in a statement it called for changes in the way the New York
Independent System Operator (NYISO) administers the electric wholesale
marketplace.
The NYISO was the entity authorized by the FERC to administer the state's
competitive wholesale electric market.
In addition, Con Ed called on the FERC to correct market flaws that allow
power generators to exercise market power, and penalize those generators
shown to be gaming the market to their own advantage.
"The NYISO must take corrective action quickly to protect consumers and to
assure them that the markets are indeed functioning efficiently and
competitively," Con Ed said in its remarks.
Con Ed is an holding company based in New York City that provides
energy-related products and services through two regulated utility
subsidiaries - Con Ed of New York Inc. and Orange and Rockland Electric Co. -
and four competitive energy and telecommunications businesses.
Con Ed proposed a new "circuit breaker" mechanism to hold prices down when
the wholesale electric market was not competitive, which could occur when
usage was high and power supplies were extremely tight. The circuit breaker
would help prevent unreasonable price volatility.
"Relative to estimated costs to produce energy, the energy markets frequently
do not produce prices that are competitive, Con Ed said in its remarks to the
FERC.
Moreover, Con Ed said customers should be eligible for retroactive refunds if
a power generator abuses the system and charges more than a competitive
price.
"Our customers must be protected from uncompetitive energy prices this
summer," Con Ed of New York Inc. President Kevin Burke said. "There must be
strong consumer protection tools in place when the marketplace is not truly
competitive."
"More generation sources will produce additional competition in the supply of
electricity, resulting in lower costs to consumers. But until the new plants
get on line, customers need additional protection from uncompetitive,
inflated prices," Burke added.
Since 1997, Con Ed said it has been reducing the portion of the electric bill
it controls - the delivery of electrical power.
Under an agreement approved by the New York State Public Service Commission
last year, Con Ed was providing an additional $1.5 billion of reductions in
delivery rates, which followed $1.1 billion in rate reductions granted in the
1997 agreement. These new reductions will be in effect at least until 2005.
The average Con Ed residential customer will save an additional $50 in 2001.
The average large commercial customer will save about $1,000.
However, the cost to Con Ed of buying electricity from power generators in
the wholesale market has risen dramatically, which has in turn driven up
customers' total energy costs because Con Ed passes those costs onto its
customers.

..............................................................................
.......................................................
?

Enron to Webcast Annual Investor Conference

01/23/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

HOUSTON, Jan. 23 /PRNewswire/ -- Enron Corp. (NYSE: ENE) will be hosting its
annual investor conference on Thursday, Jan. 25, 2001. The meeting will be
webcast live at www.enron.com, starting at 8:00 a.m. (CST). Please contact
888-457-7469 if you need assistance connecting to the webcast.
Enron is one of the world's leading electricity, natural gas and
communications companies. The company, with revenues of $101 billion in 2000,
markets electricity and natural gas, delivers physical commodities and
financial and risk management services to customers around the world, and has
developed an intelligent network platform to facilitate online business.
Fortune magazine has named Enron "America's Most Innovative Company" for five
consecutive years, the top company for "Quality of Management" and the second
best company for "Employee Talent." Enron's Internet address is www.enron
.com. The stock is traded under the ticker symbol "ENE".
Contact: Joannie Williamson of Enron Corp., (713) 853-6021
USA: U.S. Cash LPG - Market drops on softer NYMEX nat gas.

01/23/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Jan 23 (Reuters) - U.S. liquid petroleum gas (LPG) and natural gas
liquid (NGL) prices dropped early Tuesday, tracking weakening natural gas
futures on the New York Mercantile Exchange (NYMEX), players said.
Conway, Kan. propane lost around a nickel to 78.50 cents a gallon in see-saw
trade, while losing 3.75 cents to 76.25/77.00 cents a gallon in Mont Belvieu,
Texas, traders said.
"The market is puking today, with gas down" said one Midwest trader. "Natural
gas was the only thing propane was hanging its hat on, and now that's
falling."
Midday, NYMEX natural gas futures were trading 47.70 cents lower at $6.98 per
million British thermal units (mmBtu) amid continuing warm weather forecasts.
Crude oil futures were down 63 cents to $29.17 a barrel on profit-taking
ahead of the release of weekly industry stock data later in the afternoon.
Conway isobutane, which soared to trade above $1.10 cents a gallon last week,
subsided, dropping 12.25 cents to 86.00/89.75 cents a gallon on the day,
players said. The sudden drops over the last two days were interpreted by
players to mean that a few dealers were caught short last week, and dismissed
talk of a supply shortage in the region.
Belvieu isobutane was talked 1.75 cents weaker to be offered at 79.00 cents a
gallon, dealers said.
Meanwhile, ethanes also suffered heavy losses, with mix down 3.50 cents to be
offered at 56.25 cents a gallon in Conway, and down 4.25 cents in Belvieu at
57.75 cents a gallon. Belvieu purity lost 2.25 cents to trade at 59.75 cents
a gallon.
Normal butane lost a nickel in Conway to talk at 80.00/83.00 cents a gallon,
while losing 3.25 cents to trade at 79.75 cents a gallon in Belvieu, dealers
said.
Natural gasoline lost a notional 1.75 cents to be offered at 82.50 cents a
gallon for Enron barrels in Texas, while Kansas product lost 1.25 cents to
talk at 83.00/84.50 cents a gallon, traders said.
- ((Soo Youn, New York Energy Desk, 212-859-1621)).
California regulators may block sales of Nevada power plants

01/23/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

LAS VEGAS (AP) - The parent company of Nevada Power Co. says California
regulators might stop it from selling its northern Nevada power plants.
Sierra Pacific Resources told investors on Monday that if the deal is blocked
it'll be harder to finance its $3.1 billion dollar acquisition of General
Electric of Oregon from Enron Corp.
"It's more difficult if you can't sell the plants than if you can," said
Steve Rigazio, Nevada Power president.
Las Vegas-based Nevada Power and Reno-based Sierra Pacific want to sell all
but two of their electricity generation plants. State and federal regulators
ordered the companies to sell as a condition of their 1999 merger.
But with power shortages, price spikes and rolling blackouts plaguing the
West Coast, California legislators last week ordered California utilities not
to sell power plants before January 2006.
The new law might prevent Sierra Pacific Power from selling its power plants
because it serves 40,000 customers in California's Lake Tahoe area.
Nevada Power said the California law might also block its sale of the Mohave
power station at Laughlin, Nev., for $134 million to AES Corp.
Southern California Edison, the majority owner of Mohave, could be blocked by
the California law.
The Nevada utility wants to sell two groups of power plants for $545 million
and has a third power plant on the sales block.
Nevada's Legislature, which opens Feb. 5, might also prohibit power plant
sales.
The Southern Nevada Water Authority board, made up of elected city and county
officials, last week voted to oppose Nevada power plant sales. The officials
want to keep the plants as safeguards against high electricity prices.
Tim Hay, chief of the attorney general's Bureau of Consumer Protection also
said this month that the state's coal-fired power plants should not be sold.
Hay argued that the coal plants could provide at least a minimum amount of
low-cost electricity to Nevada homes and businesses.


Sue - nicely done.  Are we still struck with no real sampling guidance for
the turbine other than sample all surfaces for teh verification sampling???
Assume that we do not have large surfaces, only many, many small and/or
irregular surfaces..???

Susan Fernandez   12/10/99 01:38 PM

To: Louis Soldano/ET&S/Enron@ENRON
cc: William Kendrick/OTS/Enron@ENRON

Subject: PCB Decontamination of Turbine

Lou -

Under the PCB Mega rule, self-implementing decontamination of PCBs (i.e.,
cleanup without verification sampling) is only available for PCB containers;
movable equipment used in storage areas, tools and sampling equipment; non
porous surfaces contaminated with mineral oil dielectric fluid; and air
compressor systems.  40 CFR 761.79(c).  EPA has yet to provide written
guidance on its PCB Mega Rule decontamination regulations.  Based on my
reading of the regulations, a contaminated turbine must be decontaminated in
accordance with the measurement-based decontamination methods.

The measurement-based decontamination procedures are not prescriptive.  The
simply require that the non porous surface be cleaned by a method that
reduces the surface concentration to less than or equal to 10 micrograms PCBs
per 100 square centimeters if the equipment is decontaminated for
unrestricted use or less than 100 micrograms PCBs per 100 square centimeters
if the material is to be disposed of in an industrial smelter after
decontamination. 40 CFR 761.79(b).   I assume that the most efficient method
of "cleaning" a turbine would be to drain the turbine of all free flowing
liquids and then wipe or soak all surfaces that were exposed to PCBs with or
in solvent.

If a solvent is used to clean the surfaces, the regulations require that it
have a solubility of PCBs of 5% or more by weight (other parts of the
regulations recommend Kerosene, diesel fuel, terpene hydrocarbons and a
mixture of terpene hydrocarbons and terpene alcohols).  The solvent can
continued to be used until it reaches a concentration of 50 ppm PCBs.  40 CFR
761.79(d).

Once the surfaces have been wiped clean with the solvent, verification
sampling can be done using the standard wipe test at locations on the turbine
selected under Subpart P (which includes the sampling of small and irregular
shaped surfaces).  If the measurements show the surfaces have been cleaned to
< 10 ug/100 cm2, the equipment is available for unrestricted use.  40 CFR
761.79(b)(3)(1)(i)(A).

Persons participating in the decontamination activities must use protective
clothing or equipment to protect against dermal contact of inhalation of PCBs
or materials containing PCBs and take precautions not to release PCBs into
the environment from the decontamination area.  40 CFR 761.79(e).

Written records of the sampling procedure used to verify that the equipment
has been decontaminated and sampling results must be maintained for 3 years.
The regulations do not require that a written record of the procedure used to
decontaminate the material be generated or maintained.  40 CFR 761.79(f).

Decontamination wastes and residues that are generated by rinsing or soaking
contaminated surfaces with solvent can be disposed of at their existing
concentration, which means that hydrocarbon solvents used which contain <50
ppm PCBs can be marketed as used oil.  40 CFR 761.79(g).

The non-liquid cleaning materials (e.g., rags) and personal protective
equipment, regardless of concentration, can be disposed of at a municipal
landfill, a industrial non hazardous waste facility, a RCRA subtitle C
facility permitted to accept PCBs or a TSCA PCB disposal facility.  40 CFR
761.79(g)(6).

Finally, notification to the EPA is not required.  Verification sampling
procedures and analysis must be available for EPA review when requested.  40
CFR 761.79(f).

A very simple procedure would be:

1.  All persons participating in the decontamination activity must wear
personal protective equipment that protects from skin exposure that prevents
inhalation of PCBs.

2.  Drain turbine of all free flowing liquids.

3.  Wipe all surfaces or parts the would or could have been in contact with
liquids with rags soaked in clean, unused solvent such as Kerosene.

4.  Collect all personal protective equipment and rags used during the
decontamination process in drums for disposal.

5.  Collect all used solvent and appropriate containers (Drums?).  Collect
sample of solvent and have it tested to determine disposal options.

6.  Sampling cleaned equipment by collecting wipe samples at locations
determined under Subpart P of the regulations.

7.  If verification samples indicate equipment is contaminated at levels less
than or equal to 10 ug/100 cm2 PCBs, the equipment is released for
unrestricted use.  If samples indicate greater levels of PCBs, cleaning as
described above must be repeated with follow-up verification sampling.

Call me after you have had a chance to look at this.

Sue


The attached article (based upon another FERC leak) states that FERC will
lower the cap to $100 but will not (cannot) order refunds.
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To: tbradley@bracepatt.com, pfox@bracepatt.com,
doug.little@powerex.com,        mike.macdougall@powerex.com
From: Carol Opatrny <ccopat@e-z.net>
Subject: Fwd: DJ FERC To Lower Price Cap In Calif Pwr  Order-Commissioners

Greetings:
According to this article, the price cap in California will fall (to
$100/MWh) and, refunds will not (cannot) be ordered.
Carol

>23:05 GMT November 27, 2000 =DJ FERC To Lower Price Cap In Calif Pwr
>Order-Commissioners
>
>   By JASON LEOPOLD
>   Of DOW JONES NEWSWIRES
>
>LOS ANGELES (Dow Jones)--The Federal Energy Regulatory Commission will
>likely lower its proposed $150 per megawatt-hour "soft cap" on California's
>wholesale power prices to $100/MWh in its final order to repair the state's
>troubled electricity market, commissioners said Monday.
>But the commissioners told Dow Jones Newswires they won't order generators
>to refund billions of dollars in windfall profits earned last summer as a
>result of spiking power prices in the state, despite pleas from state
>lawmakers and Gov. Gray Davis, because they lack the authority to do so.
>"We still believe we cannot order refunds," one FERC commissioner said. "If
>there was an inch in the (Federal Power Act) that gave us the authority, we
>would take it. But that would destroy the future of deregulation."
>FERC released a report earlier this month that largely pinned California's
>ongoing power crisis on the structure of the state's wholesale electricity
>markets. The commission also issued a proposed order requiring changes
>needed to make the market workably competitive.
>The order found that electricity prices in the state rose to "unjust and
>unreasonable" levels last summer. But FERC fell short of ordering refunds,
>saying it lacked the legal authority to do so.
>Instead, FERC proposed changes to the governing boards of the state's two
>wholesale-market operators - the Independent System Operator and Power
>Exchange - said the state's three investor-owned utilities should no longer
>be required to buy a majority of their power from the CalPX, and proposed
>penalties for utilities that put off buying the power they need until the
>last minute.
>FERC also proposed capping the price paid to all bidders in California's
>power auctions at $150/MWh. Individual bidders could still get higher
>prices, but would have to justify their claims to FERC.
>FERC may issue its final order as early as Dec. 13, and commissioners said
>California shouldn't expect it to differ from the proposed changes
>recommended by FERC earlier this month.
>The comment period for FERC's draft order closed Nov. 22.
>(MORE) Dow Jones Newswires 27-11-00
>2305GMT
>Final Order Won't Order Refunds
>Davis warned FERC commissioners at a public hearing in San Diego two weeks
>ago that a failure to order refunds would produce a "ratepayer revolt."
>"Your proposed solution to our energy crisis does nothing to lower prices
>for California consumers," the Democratic governor told FERC on Nov. 13 at a
>meeting in San Diego. "Quite to the contrary, it is designed to bring our
>economy and our consumers to their knees."
>California's power regulators and utilities also pressed for refunds.
>The state's Public Utilities Commission said it has evidence of market abuse
>by generators and that consumers were overcharged $4 billion last summer for
>electricity.
>Edison International unit (EIX) Southern California Edison, in its response
>to the FERC order, attached a study by a Massachusetts Institute of
>Technology economist, who found "considerable evidence" generators and power
>marketers deliberately withheld supply from California from June through
>September - when power usage is at its peak - to drive up wholesale prices.
>But despite the allegations, FERC commissioners said they will not order
>refunds, though they said the state could legally return to cost-based
>rates.
>One commissioner also warned a lower "soft cap" of $100/MWh would likely
>deter generators from building new power plants in the state, even as it
>limited price spikes.
>"The truth of the matter is there is no painless or easy way for California
>to change its electricity market," the FERC commissioner said.
>
>   Consumer Groups Push Ballot Measure To Re-regulate
>
>Davis will file the changes the state wants made to the proposed order with
>FERC on Friday, but FERC commissioners said they don't expect to be swayed
>by the governor's filing.
>Meanwhile, Californians are steaming ahead with their own solutions.
>On Tuesday, the Foundation for Taxpayer and Consumer Rights, a Southern
>California consumer advocacy group, will hold a news conference announcing
>its own sweeping changes to the state's power market, which it will try to
>implement through a proposed ballot measure, the details of which have not
>been disclosed.
>Furthermore, state lawmakers plan on rewriting parts of AB1890, California's
>landmark restructuring law when the state Legislature convenes next year.
>There is already heated debate within the Legislature to reauthorize
>utilities to build power plants and to create a public utility system like
>Nebraska's, where there are no investor-owned utilities, in an effort to
>control power prices.
>"California lawmakers want to be re-elected in 2002," one key lawmaker close
>to the electricity issue said.
>And Davis is in meetings to replace the Cal-ISO and CalPX with a new entity
>to manage the power grid and the state's two wholesale power markets, said
>Steve Maviglio, Davis' press secretary.
>-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
>jason.leopold@dowjones.com
>-0-
>Last week, FERC received hundreds of pages of comments to its proposed order
>for California's power market.
>(MORE) Dow Jones Newswires 27-11-00
>G_nther A. Pergher
>Senior Analyst
>Dow Jones & Company Inc.
>Tel.  609.520.7067
>Fax. 609.452.3531
>
>The information transmitted is intended only for the person or entity to
>which it is addressed and may contain confidential and/or privileged
>material.  Any review, retransmission, dissemination or other use of, or
>taking of any action in reliance upon, this information by persons or
>entities other than the intended recipient is prohibited. If you received
>this in error, please contact the sender and delete the material from any
>computer.
>
> <<Pergher, Gunther.vcf>>
>
>------_=_NextPart_000_01C05946.A1460FC0
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>BEGIN:VCARD
>VERSION:2.1
>N:Pergher;Gunther
>FN:Pergher, Gunther
>ORG:Dow Jones Newswires;News Gathering & Pdn
>TITLE:Sr Research Analyst
>TEL;WORK;VOICE:609-520-7067
>ADR;WORK:;South Brunswick NJ
>LABEL;WORK:South Brunswick NJ
>EMAIL;PREF;INTERNET:Gunther.Pergher@dowjones.com
>REV:20001121T161855Z
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>------_=_NextPart_000_01C05946.A1460FC0--
>
Carol Close Opatrny
Opatrny Consulting, Inc.
18509 N. E. Cedar Drive
Battle Ground, Washington 98604
360.666.8509 (fax)
360.666.8510 (phone)
e-mail: ccopat@e-z.net


SBX 28 (Sher), which would have established expedited siting procedures
among other things, failed passage on the Senate floor today where it
was up for concurrence.  Senate Republicans refused to vote for the bill
because it contained expanded unemployment insurance benefits which were
placed in the bill in the Assembly.  Assembly Republicans voted for the
provisions in exchange for other items in the bill.  Reconsideration was
granted and the bill could be heard by the Senate again as early as
Monday.


Thanks to everyone for their work on the Senate hearing.  There are a couple
of follow-up items:

Thanks to the Portland and Washington teams, Sen Wyden is very interested in
identifying the kind of information we need from the ISO (and PX to the
extent it's still relevant) to make the market work better.  We have written
this up before, I think we just need to put it in letter form.  Alan --
please take the lead on this and get a draft to Linda.  I think we should
identify the information and also prepare a letter for the Chairman (?) that
could be sent to the FERC.
Murkowski (the Committee Chairman) asked for an itemized list of things the
fed should do to expedite siting as well as anything else we feel is
necessary  to address the California crisis.  We have identified the need for
open access across the nation, but he is looking for what can be done in the
2-4 month time frame.  Dave, I think your memo to me is a good start.  Sue --
could you please put those and any other suggestions in letter form and get
them to Linda?
Finally, Sen Feinstein asked all of the witnesses to ask their CEOs not to
"price gouge" -- yes, that's what she said.  She appealed to everyone's
community spirit and asked suppliers to forbear charging high prices while
California struggles to fix its problems.  I think we should send a response
from Ken.  Jeff -- please take a cut and get to Linda.  I think the basic
messages should be:  we are actively working on solutions with California
policymakers (forward contracting was our idea after all); we are actively
pursuing demand reduction in the state, etc.  We should also explain the
nature of our business and pick up on some of the other solutions we
identified in the written testimony, offer to meet to discuss further, etc.


FYI.
---------------------- Forwarded by John Dushinske/ET&S/Enron on 10/31/2000
03:07 PM ---------------------------

Janet Butler
10/26/2000 10:58 AM
To: Daniel Allegretti/HOU/EES@EES, jbrown1@enron.com, Shelley
Corman/ET&S/Enron@Enron, tom_delaney@enron.com, John
Dushinske/ET&S/Enron@ENRON, robert.frank@enron.com, Howard
Fromer/HOU/EES@EES, Donna Fulton/Corp/Enron, Mary Hain/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enronn@ENRON, Rod Hayslett/FGT/Enron@ENRON, thoatson@enron.com,
Richard Ingersoll/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT, SKean@enron.com,
rkittel@enron.com, elizabeth.linnell@enron.com, Kathleen E
Magruder/HOU/EES@EES, Susan J Mara/SFO/EES@EES, rmcnamar@enron.com, Janine
Migden/DUB/EES@EES, Marcie Milner/Corp/Enron@ENRON, Steve
Montovano/DUB/EES@EES, christi.l.nicolay@enron.com, Sarah
Novosel/Corp/Enron@ENRON, Richard.Shapiro@enron.com, Dan.staines@enron.com,
James.Steffes@enron.com, Edith Terry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Denis Tu/FGT/Enron@ENRON, Linda.Lawrence@enron.com
cc:

Subject: RTO Compliance Filings

Attached is a special summary of all the recent RTO compliance filings
submitted October 16.

FERC has a sizable task facing them to review these filings.


You have received this email because you are listed as a security approver.
Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000007590&Page=
Approval to review and act upon this request.

Request ID          : 000000000007590
Request Create Date : 11/16/00 11:19:34 AM
Requested For       : andrew.burks@enron.com
Resource Name       : EOL US Backoffice  Product Data Manager
Resource Type       : Applications


Hap -- could you provide a response and get it to Meredith.  I'd like to
correct this.
----- Forwarded by Steven J Kean/NA/Enron on 03/18/2001 07:54 PM -----

	Joannie Williamson
	03/16/2001 09:20 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Red Herring Article

Thought you would like to see.

Joannie

---------------------- Forwarded by Joannie Williamson/Corp/Enron on
03/16/2001 09:18 AM ---------------------------
From: Chris Hilgert@ECT on 03/16/2001 08:43 AM
To: Jeff Skilling/Corp/Enron@ENRON
cc:

Subject: Red Herring Article

Jeff,

I was recently skimming the Enron news articles on Yahoo Finance and saw this
one published in Red Herring about the sad demise of the renewable energy
business in California:

http://www.redherring.com/index.asp?layout=story&doc_id=1040018104&channel=100
00001

I thought the article was reasonable until I got to a certain part about the
impact that recent high prices have had on these companies and Enron was
mentioned in a rather improper light, in my opinion.  Below is a short
excerpt from the article with a particular sentence highlighted concerning
Enron:

"Proponents of renewable power viewed California's deregulation as flawed
from the onset three years ago. Still, they anticipated that with adequate
publicity millions of consumers could be persuaded to switch from the
traditional power supply, which comes mainly from the more polluting fossil
fuels and nuclear power, and that the demand would spur supply. The number of
producers and retailers getting into the green market would then only grow --
as long as the big utilities didn't interfere.

That's what almost happened. Over the last three years, retailers like Green
Mountain Energy and Utility.com bought green power already available in
California and started to invest in building their own renewable energy
generators, like windmill farms and large solar-panel assemblies. Still, for
all the optimism and effort, only about 200,000 customers -- less than 1
percent of the 8.5 million households that had the option of switching
providers -- chose to support them. Many of those were swayed by a
deregulation-mandated credit of 1.5 cents per kilowatt hour for consumers who
switched. When natural gas prices were high, the credit actually represented
a real savings. Historically, environmentally conscious consumers have paid a
penny or two more per kilowatt hour for renewable energy, along with an
average monthly surcharge of $5.

Then, last fall, the fledgling industry started to crumble. Energy
wholesalers like Enron (NYSE: ENE) and Calpine (NYSE: CPN) responded to a
rising demand for energy by raising their prices from 6 cents per kilowatt
hour to as much as $1.50. Green retailers had trouble getting credit to buy
power. Many chose to drop out of the market rather than have to charge a
price that was less than their cost. When the energy crisis hit, many green
consumers' bills more than doubled."

In light of the recent e-mail that was sent out, I thought that I would bring
this to your attention as it may warrant a response to bring clarity that
Enron does not raise prices, it transacts in a market where prices are set by
supply and demand.  The average person reading this could very easily come to
the conclusion that Calpine and Enron broke the back of the renewable energy
companies, which is clearly not the case.  Nonetheless, thought you might
find this of interest.

Chris Hilgert
Enron Americas
Enron Compression Services


---------------------- Forwarded by Don Miller/HOU/ECT on 11/21/2000 03:36 PM
---------------------------

Don Miller
11/21/2000 11:48 AM
To: Jinsung Myung/Corp/Enron@Enron
cc:
Subject: Caledonia Directions

---------------------- Forwarded by Don Miller/HOU/ECT on 11/21/2000 11:47 AM
---------------------------

Ross Newlin@EES
11/21/2000 11:23 AM
To: Don Miller/HOU/ECT@ECT
cc:
Subject: Caledonia Directions

Per your request
---------------------- Forwarded by Ross Newlin/HOU/EES on 11/21/2000 11:23
AM ---------------------------

Cecilia Ramirez
11/21/2000 10:52 AM
To: Ross Newlin/HOU/EES@EES
cc:
Subject: Caledonia Directions

Caledonia
Contact is:
Pat Cathers - Plant Manager  (662) 356-4109  office  (662) 386-2284 Cellular
Ron Dennison - Plant Supervisor  (662) 386-1125
Plant Address: 2278 Caldwell Rd. Caledonia, MS 39740

Driving Instructions:
1.  Fly to Birmingham, Ala
2.  Drive to Columbus, Miss
3.  From Columbus, Travel north on highway 45. Your turn-off is about 10
miles north of Columbus
4.  From the Tupelo/Aberdeen or Points North,  Travel south on hwy 45.  Your
turn off is about 5-7 miles
     south of Hamilton.
5.  The turn off landmark is a BP station located on the east side of the
highway. Turn onto Caledonia-Koklola Springs Road
6.   You will immediately Encounter a Y in the road.  Take the right hand Y
onto spruill Road.
 **Note:  There may be a sign that identified the road as Ridge Road, however
the maps say it is Spruill
7.  Travel 1/2 miles and take a left on Spruill and across the railroad
tracks.
8.  Follow Spruill to the end and turn left onto Wolf road
9.  Take the first right onto Williams road
10. Follow Williams To Caldwell  (Williams will turn into Caldwell)
11.  Follow Caldwell Around the substation to the plant (entrace on the
right)


so whats the dealio?  Wednesday or no?


Cecillia,

When we choose FIMAT as a broker in Exchange Capture, we can not save a deal
because the account number section is blank.  Could you please fix this as
soon as possible.  Please call me with any questions at X5-8274.

Errol

From: Cecilia Cheung/ENRON@enronXgate on 01/26/2001 03:48 PM
To: Errol McLaughlin/Corp/Enron@ENRON
cc: Jeremy Wong/ENRON@enronXgate

Subject: RE: New exchange broker...

FIMATUSA has been set up as a clearing broker with the commodity and account
number associated.

Cecilia
x53362

 -----Original Message-----
From:  McLaughlin, Errol
Sent: Friday, January 26, 2001 11:51 AM
To: Cheung, Cecilia
Subject: Re: New exchange broker...

FIMAT
Natural Gas
Acct No.: 03915250
Clearing broker

Thanks,

Errol McLaughlin

From: Cecilia Cheung/ENRON@enronXgate on 01/26/2001 11:04 AM
To: Errol McLaughlin/Corp/Enron@ENRON
cc: Jeremy Wong/ENRON@enronXgate

Subject: New exchange broker...

Hi Errol, please provide the following information...

1. The name of the new broker.
2. The commodity(s) under this new broker.
3. The account number and the account description for this new broker.
4. Any sub account number(s).
5. I assume that we going to set this up as a clearing broker, not an exec
broker.

Once I got the information from you I'll set this up.

Cecilia
x53362


Call Me


Please review and comment.


Cheeky?

 -----Original Message-----
From: 	Symes, Kate
Sent:	Thursday, June 28, 2001 7:52 AM
To:	Williams III, Bill
Subject:	RE: Power Audit Support Request

Don't be cheeky.

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Thursday, June 28, 2001 7:52 AM
To:	Symes, Kate
Subject:	RE: Power Audit Support Request

No There.

 -----Original Message-----
From: 	Symes, Kate
Sent:	Thursday, June 28, 2001 7:51 AM
To:	Williams III, Bill
Subject:	FW: Power Audit Support Request

Here -

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Thursday, June 28, 2001 7:48 AM
To:	Symes, Kate
Subject:	RE: Power Audit Support Request

Arthur Anderson is an outside consulting firm hired by Enron to keep us on the 'straight and narrow' they audit many of our risk functions and other information as double check that what we say is happening is really happening.

I have been told by people higher up in risk to NEVER question Arthur Anderson.  BUT,  I would encourage you to E-mail Tim Belden or Stacey White and ask them these same questions.  You need to be as comfortable as possible.

c

 -----Original Message-----
From: 	Symes, Kate
Sent:	Thursday, June 28, 2001 7:43 AM
To:	Semperger, Cara
Subject:	RE: Power Audit Support Request

Cara -
When you get a moment, could you tell me what this Power Audit is for? Does Arthur Andersen work for us? That was my impression, but Bill asked and it occurred to me that I might want to know exactly who Tatiana is and why she wants this information before I start handing it out.

Let me know what you know.

Thanks,
kate

 -----Original Message-----
From: 	Semperger, Cara
Sent:	Wednesday, June 27, 2001 9:56 AM
To:	'tatiana.v.waxler@us.andersen.com@ENRON'
Cc:	Symes, Kate; Bentley, Corry
Subject:	RE: Power Audit Support Request

Tatiana,

I have looked up all 5 of these deals in the system, and need to refer you to the following people for follow up
Deal # 507713.1
Deal # 528572.1
      Deal # 566541.1

These deals are all West Hourly deals, and can be researched by Kate Symes, our real time coordinator.

Deal # 514141.2
      Deal # 536771.2

These need to be handled by someone onthe East desk,  514141 is a Long Term New England book deal, the other is an East Desk real time deal.

I am sorry I cannot be of direct help on these, I have data for West Desk deals, but only Term and Cash. Please feel free to call if you have any questions.

Cara Semperger
503/464-3814

 -----Original Message-----
From: 	tatiana.v.waxler@us.andersen.com@ENRON [mailto:IMCEANOTES-tatiana+2Ev+2Ewaxler+40us+2Eandersen+2Ecom+40ENRON@ENRON.com]
Sent:	Wednesday, June 27, 2001 8:20 AM
To:	Semperger, Cara
Cc:	jennifer.l.muse@us.andersen.com
Subject:	Power Audit Support Request

Cara,

We are in the process of auditing Power Trading for ENA and were referred
to you by Corry Bentley in regards of support for the West deals that we
selected for testing. Due to the fact that there are no executed contracts
for these deals, to complete our testing we need to receive 3rd party
support (NERC Tag or 3rd party invoice) for the following West deals:

Deal # 507713.1
Deal # 528572.1
Deal # 566541.1
Deal # 514141.2
Deal # 536771.2

We are in the final stage or our audit, so your quick response would be
greatly appreciated.

Please call me at (713) 646-6335 if you have any questions.

Thank you.

Tatiana
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employer do not consent to Internet email for messages of this kind.
Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.


---------------------- Forwarded by Mike Carson/Corp/Enron on 09/07/2000
02:59 PM ---------------------------

Mike Carson
09/07/2000 10:56 AM
To: Clint Dean/Corp/Enron@Enron
cc:

Subject:

7:00 Saturday,,,2633 cason in West U


John:

Enron has a couple of suites reserved strictly for Enron use.  Each one holds
21 people and the cost would be $2550 without food.  If we needed another
suite then, Enron Field would charge us $100 per person as long as one of
their suites is available.

-Ina


Carson has mentioned that he has a list of projects that he would like fundamentals to start working on.  This meeting is to discuss these projects as well as any others.


Blank
FYI....a routine AL from SDG&E.
?
Dan
?
?
Dan Douglass
5959 Topanga Canyon Blvd.? Suite 244
Woodland  Hills, CA 91367
(818) 596-2201
douglass@energyattorney.com

?

 - Blank Bkgrd.gif
 - 6-7-01 SDG&E AL Summary Chart.doc


Dad,

When are you buying mom a new Jeep? I need to sell my truck and do it fast. I
was thinking I could trade it in towards mom's new one and that might be the
best way to get at least decent money for it. Just a thought.

Chris


please forward to Vicky Sharp.
---------------------- Forwarded by Steven J Kean/NA/Enron on 05/10/2001
09:19 AM ---------------------------
From: Matthew F Gockerman/ENRON@enronXgate on 05/09/2001 03:01 PM
To: Steven J Kean/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT, Wes
Colwell/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron
cc: Edward Coats/ENRON@enronXgate, Gavin Russo/ENRON@enronXgate, Stephen H
Douglas/ENRON@enronXgate, Jeff Blumenthal/ENRON@enronXgate, Susan
Musch/ENRON@enronXgate, Christian Yoder/ENRON@enronXgate

Subject: Tax Review of California Assembly Bill No. 128

Attached please find a Tax Review of California Assembly Bill No. 128 ("AB
128X").  The Tax Review sets out the practical implication (increased cost to
purchasers) and constitutional deficiencies of AB 128X.

The third paragraph of the Tax Review details the mathematical computation of
the tax and the resulting purchaser price increase.  The computation sales
price, $300/MWh, reflects the SP15 (Southern California) weighted average
index price ($302.88), rounded to the nearest hundred, as reported in
Megawatt Daily's May 8th MarketReport.  However, it may be more effective to
present the mathematical computation with a price closer to the proposed base
price of $60/MWh.  We are available to assist in presenting the computation
utilizing whichever numbers you deem appropriate.

The California Senate has passed SB 1X, Windfall Profits Tax on Electric
Generators.  We will forward a similar memorandum addressing SB 1X.

We are available to address questions and/or comments.  Thanks.

Ed Coats - 713.853.6369
Steve Douglas - 713.853.0938
Gavin Russo - 713.853.6296
Matt Gockerman - 713.853.3979


I would like to request a temporary increase of the Natural Gas var limit for
the next 10 business days.  I suggest Natural Gas Trading's limit increase to
45 Million limit from the current 40 Million limit.  The floor is very
bullish and we don't want to take off our West Basis positions which are
eating up a lot of var.

Please advise.


The deals included below are strictly index flat gas daily options.  I'm
going to send Shouan an Index +/- deal as well so that he can verify that the
basis offset is valuing correctly in both situations.

---------------------- Forwarded by Susan M Scott/HOU/ECT on 11/29/2000 09:03
AM ---------------------------

Shouan Tang
11/28/2000 06:00 PM
To: Susan M Scott/HOU/ECT@ECT
cc: Jeremy Wong/HOU/ECT@ECT
Subject: gas daily forward start options__ Modified Valuation Version

Hi Susan,

I changed the code so that it feeds the Ostrip model as Larry requested by
using the formula to derive BasisOffset. In the attached file is the
comparison between the old valuation and the one after the modification.
Please note the changes on the premiums. Please let me know if you or Larry
have any questions/comments on this.

Shouan


Dear Mark Taylor,

Please review the language below; it is a first attempt at making a non
binding proposal to Noble Drilling.  Please return your approved language
asap.

Thanks
John A. Peyton

Dear Mark Mey,

We appreciate your interest in our new dayrate financial products.

For your consideration, we would like to indicatively propose a transaction
in which Enron North America would purchase a Financial Call Option ("Cap")
from Noble Drilling Corporation for the Calculation Period  April 1, 2001
through June 30, 2001 for one Rig.  The Strike Price would be $65,000 per
(Rig*Day) and the premium which we would pay to Noble Drilling Corporation
(within Five Business Days of the Trade Date) would be US Dollars $200,000.

The Commodity Reference Price would be the arithmetic mean of the high and
low Rig Day Rates for JU-300'-IC as published by Offshore Data Services,
Inc., or its successor, in the last issue of Gulf of Mexico Weekly Rig
Locator, or any successor publication, published during the applicable
Calculation Period, on the page entitled "Gulf of Mexico Rig Utilization and
Day Rates".  The Payment Date(s) would be the fifth (5th) Business Day
following the date on which the Floating Price is determinable.

We have authority to enter into the above transaction and would be able to
move quickly toward providing you with an executable contract.  Because the
market for dayrates is highly volatile and because we may have made similar
proposals to other counterparties, this indicative proposal is only good
until August 31st, 2000.  We look forward to further discussions.

This document contains indicative terms only and is not intended to create a
binding or enforceable contract nor is it an offer or commitment to enter
into any transaction.  All terms are subject to change until agreement as to
a specific transaction has been reached.  ENA is not acting as a fiduciary or
advisor and you should evaluate and understand the terms, conditions, and
risks of all transactions in making your decisions with respect thereto.  The
proposal described herein is subject to further review and approval by ENA
and Counterparty and, among other matters, further review and approval of the
board of directors of each party, and the negotiations, execution and
delivery of definitive agreements containing all appropriate provisions,
including those related to credit, limitations of damages and others.

Sincerely,

John A. Peyton
Director
Enron North America
713-853-0395 work
713-858-6810 car


Member Services
Notice No. MS-14
March 2, 2001

COMMODITY EXCHANGE, INC.

SWITCH OF STATUS

Please be advised that effective with the close of business, March 1, 2001
John Byrne (BRNZ-7673) will switch his status from a full member to a
licensee member.  However, Mr. Byrne will remain a member guaranteed by
Spear, Leeds & Kellogg

In connection therewith, notification of any claims against the
aforementioned individual arising out of transactions executed on the
Exchange up to the close of business on March 1, 2001, must be submitted to
the Corporate Secretary's Office within ten (10) days.

Inquiries regarding the above should be directed to the Member Services
Department at (212) 299-2370.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(MS-14)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


-----Original Message-----
From: 	Harrison, Tyrell
Sent:	Friday, October 12, 2001 10:42 AM
To:	Moon, Eric; Little, Kelli
Cc:	Whitt, Mark; Lucci, Paul T.
Subject:	Kennedy Oil

Eric,

This spreadsheet summarizes the pricing terms for the proposed Kennedy Oil transaction that we discussed earlier.

Also, attached in the e-mail below, I have included a "Discussion Document" that Mark and Pual put together for the purpose of discussions with Kennedy.  It provides more specifics on the pricing and volume allocation, if you desire.

Based on my calculations, the 10,000/d priced at NYMEX minus $0.62 is roughly $300,000 in the money and the 5,000/d priced at NGPL MidCon minus $0.47 is roughly $500,000 in the money.

I will be out next week, but Mark and Paul will keep you posted as to the expected close date and any changes in the deal terms.  Please give me a call today if you have any questions.

Thanks,
Tyrell
(303) 575-6478

 -----Original Message-----
From: 	Lucci, Paul T.
Sent:	Tuesday, October 09, 2001 10:24 AM
To:	Whitt, Mark; Harrison, Tyrell
Subject:	Kennedy Oil


1) re: revised project sched - plz see attached file.
updated scheds for both gtgs and hrsgs based on conversations today with s&s,
and nooter/deltak, respectively.
for the gtgs, time period from order to ex-works is 17 months.
for hrsgs, time period from order to ex-works is also 17 months.

with "delay" in ordering major equipment until funds released in mid-nov01,
the project's cod is delayed until april04; represents a worsening of the
schedule by 10 months.

2) re: revised capex/o&m numbers.
 - by cob friday, 16mar01:
  - complete revised sched.  status - attached.
  - complete scope reconciliation.  status - completed with pb power's john
mesko on thursday, 15mar01.
 - complete revised puts/takes to existing benchmark analysis, with 1 x
lm2500 and 1 x lm6000, including detailed listing of assumptions.  develop
preliminary assessment of "cap."  status - to complete fri am, 16mar01.
  - complete cash flow analysis.  status - by mark brand.

 - by noon monday, 19mar01.
  - complete var assessment of model by mid morning at latest.  status - by
mark brand.
  - finalize "cap" level.  status - pending.
  - provide filled in template to jeff ader for approval to send to pb
power/co-op city.  status - pending.
 - send info to pb power/co-op city by noon.  status - pending.  plz note
that client has adjusted sched to allow 1 days review of data by co-op board
before their formal meeting on tues, 20mar01.

plz call with any questions.

regards.  scott.


-----Original Message-----
From: 	Valnek, Tomas
Sent:	Thursday, November 29, 2001 3:52 AM
To:	Shanbhogue, Vasant; Kaminski, Vince J
Subject:

Time to go apperently...

803 Beatty House
Dolphin Square
London SW1V 3PN
020/7798 8128

tomas_valnek@hotmail.com


I have drafted a Fact Sheet related to Mary Schoen's email which circulated a
few days ago.  The gist is that CEC's forecast for supply in Summer 2001 is
overly optimistic, and that Ca needs to stop fooling itself.

	James D Steffes@ENRON
	02/28/2001 08:36 AM

		 To: John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Re: CA Supply Realities

----- Forwarded by James D Steffes/NA/Enron on 02/28/2001 08:36 AM -----

	"Bev Hansen" <bhansen@lhom.com>
	02/27/2001 06:50 PM

		 To: <James.D.Steffes@enron.com>
		 cc:
		 Subject: Re: CA Supply Realities

As requested.

-Bev
----- Original Message -----
From: <James.D.Steffes@enron.com>
To: <Alan.Comnes@enron.com>; <bhansen@lhom.com>;
<Harry.Kingerski@enron.com>; <hgovenar@govadv.com>;
<Janel.Guerrero@enron.com>; <JBennett@GMSSR.com>; <Jeff.Dasovich@enron.com>;
<jkradin@marathon-com.com>; <Joe.Hartsoe@enron.com>;
<John.Neslage@enron.com>; <Karen.Denne@enron.com>;
<Linda.Robertson@enron.com>; <Mark.Palmer@enron.com>; <Mary.Hain@enron.com>;
<mday@GMSSR.com>; <Paul.Kaufman@enron.com>; <rcarroll@bracepatt.com>;
<rlichtenstein@marathon-com.com>; <Richard.Shapiro@enron.com>;
<Sandra.McCubbin@enron.com>; <syamane@marathon-com.com>;
<SGovenar@govadv.com>; <Steven.J.Kean@enron.com>; <Susan.J.Mara@enron.com>;
<ken@kdscommunications.com>
Sent: Tuesday, February 27, 2001 12:15 PM
Subject: CA Supply Realities

> Here are the facts to be converted into Talking Points / Facts Sheet for
CA
> TEAM.
>
> Thanks,
>
> Jim
>
>
>
>


Attached is the referenced list.  No problems with this counterparty.


---------------------- Forwarded by John J Lavorato/Corp/Enron on 06/06/2000
07:14 AM ---------------------------

Charlene Jackson
06/05/2000 08:24 PM
To: John J Lavorato/Corp/Enron@Enron
cc: Jeffrey A Shankman/HOU/ECT@ECT, Celeste Roberts/HOU/ECT@ECT, Shelly
Jones/HOU/ECT@ECT, David W Delainey/HOU/ECT@ECT

Subject: Re: Associate & Analyst Placement

John,

Following are the placements that are confirmed.  Those on your list that are
not confirmed were placed previously in other units.  It is my understanding
that these individuals will see other areas for their development, i.e.
origination, structuring and/or transactions.  If you have any questions
please feel free to call x39523.

Gas

Associates
Dustin Collins
Vikas Dwivedi
Li Sun

Analysts
Nate Blackburn
Sachin Gandhi
Miguel Nasser

Power

Associates
Doug Seaworth
Eduardo Gil
Pearce Hammond
David Maskel
Michael Kelly

Analysts
Possey Martinez
Gary Justice


Me too. Thats what Im doing.  Staying away from the gossip and grip sessions.  Its nice to know that He's a big enough God to handle all problems and concerns, even the ones in Enron.....

-----Original Message-----
From: Shafer, John
Sent: Tuesday, December 04, 2001 4:09 PM
To: Campbell, Larry
Subject: RE: Summary of Progress

OK, just working hard and keeping my head down.  This is our only chance to survive.  Do our job better than anyone else and keep our nose clean.  I'm just making it a matter of prayer.  John

-----Original Message-----
From: Campbell, Larry
Sent: Tuesday, December 04, 2001 4:02 PM
To: Shafer, John
Subject: RE: Summary of Progress

Thanks John, Ill keep you posted.  Hows your pulse?   Doing OK?

-----Original Message-----
From: Shafer, John
Sent: Tuesday, December 04, 2001 3:53 PM
To: Campbell, Larry; Jolly, Rich; Chanley, Earl; Roensch, David;
Pribble, Dan; Kendrick, William
Cc: Soldano, Louis; Lowry, Phil; Roensch, David; Nelson, Mike
Subject: RE: Summary of Progress
Importance: High

Thanks Larry for passing this along.  This is good news, if in fact the good doctor has isolated the solvent contact time (so the solution has maximum effectiveness as the entrained pigs apply it to the walls of the pipe).  That was one of the issues that bothered me most about the effectiveness of an application.  Would the solvent be uniformly applied and in the proper timeframe so that the PCB's would be absorbed and transported to an pre-determined extraction point?  It sounds like the model is ready.  After you receive the report and if you agree, I would be willing to discuss with Louie another no-cost extension.  John

-----Original Message-----
From: Campbell, Larry
Sent: Tuesday, December 04, 2001 3:31 PM
To: Shafer, John; Jolly, Rich; Chanley, Earl; Roensch, David; Pribble,
Dan; Kendrick, William
Subject: FW: Summary of Progress

FYI from Penn State on the progress of the model to remove PCB's from Transwetern's pipeline.

-----Original Message-----
From: Michael Adewumi [mailto:michael@pnge.psu.edu]
Sent: Thursday, November 29, 2001 1:15 PM
To: Campbell, Larry
Subject: Summary of Progress

Dear Larry:
It was good hearing from you a few days ago. We are wrapping up a progress
report on the project but I can tell you briefly what we have accomplished
so far. We have finished the PCB model development/modification to
incorporate most of the main ideas that we talked about when you, John and
your crew visited us. Specifically, we have been able to extend the model
significantly to include flow regime impact on cleanup efficiency and the
amount of solvent that will be required. We have looked at the issue of
contact time and contact area. These two and some of the other salient
issues turned out to be more challenging to handle than we had originally
anticipated but we have now nailed them. In fact, the new program finally
worked well and debugged only about 2-3 weeks ago. Since then we have been
doing shake-down testing and all is well so far. The results are exciting as
you would see in the report. There are two tasks that we would now embark
on. Now that the model has all the principal mechanisms incorporated, we are
now planning a comprehensive production runs where we will give you cleanup
options, etc with critical evaluations of those. That will probably take us
until the end of January. This is where I will need to talk to you very
often to determine what options make most sense to run so that we do not
just run millions of options.
	Along this line, we will need another no-cost extension letter from
you so as to continue the work beyond December. We can talk about how long
if you want so as to determine what you would really like to be the
concluding point. So, I will call you after sending the report, which should
be by Monday next week. Thanks and best regards.

          Michael
Michael A. Adewumi, PhD
Professor & Chair of Graduate Program
   in Petroleum & Natural Gas Engineering
Quentin E. and Louis L. Wood University Endowed Fellow
The Pennsylvania State University
202 Hosler Building
University Park, PA 16802
Tel.: (814) 863-2816
Fax: (814) 863-1875
Email: michael@pnge.psu.edu


Group,

We will have a real-time meeting on Tuesday August 7th at 4:30PM.  The meeting will run till 5:30.
We will go over Hourly EOL implementation, Cuts (yet again), new group members, and market changes.

Our baseball trip to the suite is Thursday August 16th.  Food and beverages will be provided.

Finally, reviews are coming.

Thanks,
Bill


----- Forwarded by Tana Jones/HOU/ECT on 06/04/2001 12:24 PM -----

	exchangeinfo@nymex.com
	05/31/2001 11:30 AM

		 To: tana.jones@enron.com
		 cc:
		 Subject: (01-184) Reminder on Use of Money Market Funds as Original Margin
Deposits on the NYMEX Division

Notice # 01-184
May 31, 2001

TO:
All NYMEX Division Members and Member Firms

FROM:
Neal L. Wolkoff, Executive Vice President

RE:
Reminder on Use of Money Market Funds as Original Margin Deposits on the
NYMEX Division

DATE:
May 31, 2001
===========================================================
This Notice is a reminder regarding certain rule changes and related policy
guidelines that will go into effect on June 1, 2001 for the NYMEX Division.
The rule changes going into effect on June 1, 2001 on the NYMEX Division
allow shares of certain money market mutual funds to be acceptable for
purposes of original margin deposits.

Corresponding rule changes for the COMEX Division  have also been approved by
the NYMEX Board of Directors and filed with the CFTC; the changes for the
COMEX Division will be implemented at a later date.

 Rule Amendments
The amendments generally require that in order to be used for such purpose, a
money market fund must be approved by the NYMEX Board and also must comply
with CFTC Regulation o 1.25.  For purposes of original margin, the Exchange,s
Clearing House will value such money market fund shares at 95% of their
market value.  In addition, a Clearing Member,s participation in any approved
fund or any group of approved funds offered by the same issuer shall be
limited to the greater of $250,000 or 25% of the Clearing Member,s total
original margin obligations. Finally, no more than 25% of the total assets of
an approved money market mutual fund may be used to meet original margin
obligations at the Exchange.

Exchange Policy on Money Market Funds
The NYMEX Board of Directors also recently adopted three additional
guidelines that will be applicable to such funds. First, until further notice
from the Exchange, the Board has determined to limit the number of money
market funds available for this purpose to ten. Second, the Board will
require that henceforth each fund applying for such status must have a
minimum value of $5 billion.  Finally, each fund further must provide for
same day payment if notification is made by 3:00 p.m. on that day.

If you have any questions concerning this change, please contact Bernard
Purta, Senior Vice President, Regulatory Affairs and Operations, at (212)
299- 2380; Arthur McCoy, Vice President, Financial Surveillance Section,
NYMEX Compliance Department, at (212) 299-2928; or Joseph Sanguedolce,
Director, Financial Surveillance Section, NYMEX Compliance Department, at
(212) 299-2855.

AMENDMENTS TO NYMEX RULE 9.05 (&MARGINS8)

(Asterisks indicate additions; brackets indicate deletions.)

Rule 9.05. MARGINS

* * * *
(E) Clearing Members may meet original margin calls by depositing:

*(4) Shares in a money market mutual fund that complies with CFTC Regulation
o1.25 and that has been approved by the Board, subject to the following
conditions:

(i) for purposes of original margin, such shares will be valued at 95% of
market value;
(ii) a Clearing Member,s participation in any approved fund or any group of
approved funds offered by the same issuer shall be limited to the greater of
$250,000 or 25% of the Clearing Member,s total original margin obligations;
(iii) no more than 25% of the total assets of an approved money market mutual
fund may be used to meet original margin obligations at the Exchange.*

[Shares of Brown Brothers Harriman & Co. Common Settlement Fund, valued at
95% of market value.]

__________________________________________________
Please click on the link below to indicate you have received this
email.

"
http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdoc
=(01-184)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Start Date: 2/27/01; HourAhead hour: 9;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022709.txt


I had a conversation with Ted Murphy and Mary Nell Browning this morning re: ECTRIC and the London process.

Ted has generated both an in and out -of-the-money list which he will forward so that Houston can review for counterparty termination accuracy.  I think that London can use our newly established processes as a template.  Ted and others will participate in the 9:30 a.m. conference call Feb. 6.

Tom and Bjorn:  Can you provide a Ted with a copy of the "Star Gas Propane, L.P." template, or if this has been replaced, a copy of the most recent template?  Also, the "Liquidation of Price Risk Management Book" template?

Alan:  Can you provide Ted and Mary Nell with a copy of the decision tree and settlement process flowchart?

If the handouts for tomorrow will be ready and incorporate the above, the handouts are all that London will need.

Thanks.  SS

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


This is to remind everyone on our scheduled EOL meetings. These will be held
as from next Monday 24th, until the final implementation. This week, Michael
and myself will meet in Houston with everyone in that office who is included
in this implementation process.
Please give me your comments.

Patrick


Just a friendly reminder that this Friday (12/1/00) is the deadline to turn
in your donation to help provide a Wonderful Christmas for the four children
the Legal Department is sponsoring.   Jenny, Laurie and I will be shopping
this weekend to purchase the items for these underprivileged children.  Cash
or checks (made payable to Pat Radford) accepted.  If you have already made a
donation, we sincerely thank you.

----- Forwarded by Pat Radford/HOU/ECT on 11/28/2000 04:42 PM -----

	Jenny Helton
	11/17/2000 11:28 AM

		 To: Alan Aronowitz/HOU/ECT@ECT, Roger Balog/HOU/ECT@ECT, Peggy
Banczak/HOU/ECT@ECT, Sandi M Braband/HOU/ECT@ECT, Robert
Bruce/NA/Enron@Enron, Teresa G Bushman/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT,
Michelle Cash/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Harry M
Collins/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Shonnie Daniel/HOU/ECT@ECT,
Angela Davis/NA/Enron@Enron, Peter del Vecchio/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT, Robert H
George/NA/Enron@Enron, James Grace/Corp/Enron@ENRON, Barbara N
Gray/HOU/ECT@ECT, Mark Greenberg/NA/Enron@ENRON, Wayne Gresham/HOU/ECT@ECT,
Mark E Haedicke/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Brent
Hendry/NA/Enron@Enron, Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT,
Anne C Koehler/HOU/ECT@ECT, Dan Lyons/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron,
Travis McCullough/HOU/ECT@ECT, Lisa Mellencamp/HOU/ECT@ECT, Janet H
Moore/HOU/ECT@ECT, Janice R Moore/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT,
Gerald Nemec/HOU/ECT@ECT, Marcus Nettelton/NA/Enron@ENRON, David
Portz/HOU/ECT@ECT, Michael A Robison/HOU/ECT@ECT, Elizabeth
Sager/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Shari
Stack/HOU/ECT@ECT, Lou Stoler/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Sheila
Tweed/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, John
Viverito/Corp/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Kathleen
Carnahan/NA/Enron@Enron, Genia FitzGerald/HOU/ECT@ECT, Nony
Flores/HOU/ECT@ECT, Linda R Guinn/HOU/ECT@ECT, Ed B Hearn III/HOU/ECT@ECT,
Mary J Heinitz/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Deb Korkmas/HOU/ECT@ECT,
Matt Maxwell/Corp/Enron@ENRON, Laurie Mayer/HOU/ECT@ECT, Mary
Ogden/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Debra
Perlingiere/HOU/ECT@ECT, Robert Walker/HOU/ECT@ECT, Kay Young/HOU/ECT@ECT,
Merrill W Haas/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT, Richard
Jeffrey/Corp/Enron@Enron, Gloria Cruz/Corp/Enron@Enron, Paula
Craft/HOU/ECT@ECT, Claudia Meraz/HOU/ECT@ECT, Claudia Perez/NA/Enron@ENRON,
Reginald Shanks/HOU/ECT@ECT, Suzanne Adams/HOU/ECT@ECT, Sheri L
Cromwell/HOU/ECT@ECT, Joya Davis/HOU/ECT@ECT, Janette Elbertson/HOU/ECT@ECT,
Kaye Ellis/HOU/ECT@ECT, Carolyn George/Corp/Enron@ENRON, Taffy
Milligan/HOU/ECT@ECT, Pat Radford/HOU/ECT@ECT, Linda J Simmons/HOU/ECT@ECT,
Dina Snow/Corp/Enron@Enron, Twanda Sweet/HOU/ECT@ECT, Becky
Spencer/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT, Chaundra Woods/HOU/ECT@ECT
		 cc:
		 Subject: Enron Kids Holiday

With Christmas right around the corner, it is again time for the Enron Kids
Holiday program!

This year, the Legal Department will be sponsoring 4 children from HISD
Burrus Elementary School and providing them with a Christmas that they
otherwise may not be able to have.

With your donations, these underprivileged children will enjoy a toy, book,
coat, complete outfit and shoes wrapped and delivered to their school.

I sincerely hope that you will join Pat Radford, Laurie Mayer and me in
making this holiday special for these children.

Donations will be accepted until Friday, December 1, 2000.

Thank you in advance for your participation.


I spoke with Oscar Wyatt this afternoon on Crown and subsequently to Tom
Bachtell, an attorney in Utah who is attempting to organize shareholders to
replace existing management.  Crown has an asphalt oil sand production
facility in northeast Utah and an asphalt distribution company.  Bachtell
owns about 4-5% of the stock.  Mr. Wyatt indicated he had a "small" holding.
I indicated that we would consider any proposal that might result in
salvaging some value from this investment.

We hold convertible preferred and a small amount of common at an original
cost of $5.5 million in 1997.  Fully converted, our ownership would be
approximately 25%.  The Company has a net deficit of $21 million and a "going
concern" paragraph in its audit opinion.  We have written down our carrying
value to nil.

The Company in engaged in an arbitration proceeding against MCN Energy and
MCNIC Pipeline.  MCNIC has interests in the asphalt assets and is a lender to
Crown.  MCNIC attempted to foreclose on certain Crown assets and Crown in
turn counter-sued for $100 million.  The arbitration hearing will be held
July 23 - August 10.  If Crown obtained an award from the arbitration, some
value could be restored to our investment.

We will get further information from Bachtell on the details of his plans and
recommend what position Enron should take in this matter.


Patience Daniel-Son.... wax on, wax off.

 -----Original Message-----
From: 	Parks, Joe
Sent:	Monday, May 13, 2002 2:06 PM
To:	Mihalik, Trevor
Subject:	Credit

When are we going to get credit established with more counterparties? A lot of red on ICE today.
Thanks
Joe


You should have a lot of fun working with my good friend George Wasaff.  He
is a super person!!  This group has strong ties to ETS and creates a lot of
value for us.  Good luck!!


I haven't seen it yet.  I know he's working on it.

As soon as I get it - I'll forward it to you.

Theresa

 -----Original Message-----
From: 	Saucier, Darla
Sent:	Wednesday, October 03, 2001 2:52 PM
To:	Staab, Theresa
Subject:	Citizens

I still need the info to bill for Aug. Do you have it yet?


Please check with Janette.  Thanks.  Mark


I discovered that Clewlow and Strickland have at least two books,
"Implementing Derivative Models," and "Exotic Options."  I gather that "Exotic
Options" is the one you intend to use in your class, correct?

By the way, I queried participants in my class, and I heard that the case
study approach we occaisionally used was appreciated by several.  The VAR
class I taught was from Jorian's book, which has no exercises and which
assumes a particular background in finance and statistics.  I created a
problem (not exactly a case study) that required participant to learn some
statistics and try some different approaches.  From this, participants got a
better idea of why one bothers with certain issues.  Some liked the "real
world" flavor of this kind of approach.  (Without the case approach, you could
provide good counterexampes as a partial remedy.)

Best regards and Season's Greetings,
Michael


We had a good visit with the FERC staff yesterday.  Their questions primarily
focused on the business aspects of EOL (for example, how the different
business units of trading and accounting/back office interface with the
software and engineering aspects of EOL).  The attorney had two outstanding
questions:

1.  What regulations govern EOL or the trades done on EOL?
2.  What types of internal controls are in place with regard to risk
management of Enron's gas and power trading.  For example, what is the
ability of Enron to take a position that could potentially affect the
industry as a whole?

We plan to coordinate a possible call to the FERC attorney by regarding the
regulation question.  In addition, Steve Kean plans to coordinate a call to
the attorney with Rick Buy (or other appropriate risk management personnel.)


I wish I had a place for some of this stuff!

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


December 8, 2000

     Teco Tap       120.000 / HPL Gas Daily ; 29.583 / Enron

     LS HPL LSK IC       20.000 / Enron

December 9, 2000

     Teco Tap       120.000 / HPL Gas Daily ; 30.000 / Enron

December 10, 2000

     Teco Tap       30.000 / Enron ; 120.000 / HPL Gas Daily


REVISION #1

 Friday Night  --6:45 pm:

Sherry Fontenot ( w/Texaco) called stating Tank Batteries 5 & 7 (meters:
6592,6593) production  was going to increase however, nothing materialized.

 Saturday :

 8:00 am;   Debbie Valenzuela called concerning some Channel changes
      Matter was resolved around 8:30 am

      Shawn {in Gas Control} also mention  Equistar  had pull gas at their
Pt. Arthur Plant/mtr. # 1062 ,approx. gas flow of 6.0 mm for the weekend.
       I will inform Janice Burke Davis{w/Equistar} of there weekend
activity. She did not nominate this point for June business.

 9:30 am: /6:00pm    Cindy Golly called with a cut at Texoma {mtr. 71}  of
4,886-mm for  saturday. Meter Total should be 79,059 mm on K#: HPL 216
 1:40 pm :    Karen Zinn(w/Louis Dryfus) called  with a cut on OasisMidcon
totaling 31,595. Oasis & Midcon (down stream p/line) were        notified.
note: Paul McPheeters @ Oasis & Patsy Shimek @ Midcon.
        Daren was notified because this cut is  firm gas serving Entex.
       Daren chose Hardy Street (mtr. # 68) to balance with Midcon for
continuing to serve Entex  on HPL's behalve.
       Thus, HPL's  receipts at Hardy Street was reduce by 31,595-mm as a
displacement.. Meter total = 61,804 mm.
      Confirmed with Patsy @ Midcon.

     note: This change is only for Saturday, June 3rd

 Sunday :

 9:30 am    Cindy Golly called with a cut at Texoma {mtr. 71}  of 11,000 mm
for Sunday.
      K # HPL  216 ; meter total = 70,945
 1:00 pm    Daren called to inform me of an additional 20.0mm cut at Texoma.
K # HPL 215.

      Cindy  reconfirm the point as 50,945-mm for gas day Sunday, June 4th.

   The 20.0 cut at Texoma {mtr. 71}  was moved to PGEV/MidTexas Dewvill
(980388).

 Pleas  check  meters:  6780, 71, 68  for  weekend scheduling changes.  K #:
012-35985-201


Oh, I know she is excited about her new assistant.  I thought she was going
to get up and dance about her.

Does this mean you gave me a bad review?

	Kay Mann@ENRON
	05/31/2001 12:13 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

You know ES doesn't work Fridays, so that takes away one day of opportunity
to approve them, plus she hasn't had an assistant.  Maybe things will
improve.  She is very excited about her new assistant.

From: Suzanne Adams@ECT on 05/31/2001 12:04 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

I see that.  She's not real fast on approving things either.  I've submitted
your expense report and Carol's to her.  She hasn't gotten to Carol's yet,
and I did it a few days ago.  Haedicke isn't that fast either.  I don't think
they like all this automation, but it really makes it so much quicker.  I'm
going to be the queen at invoices and expense reports because I do so many of
them.  I like both systems, but then I'm very adaptable.

Did you give me an ok review?

	Kay Mann@ENRON
	05/31/2001 11:55 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

Yes, I'm officially in Elizabeth's group.  I need to ask her for a flat
screen monitor.

From: Suzanne Adams@ECT on 05/31/2001 11:47 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Cingular Bill

Ok, sending it in now.  Have you officially been changed to Elizabeth's cost
center?  You aren't in Jeff's time site any more.  I want to make sure I send
it to the correct person.

	Kay Mann@ENRON
	05/31/2001 11:43 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Cingular Bill

yes, thanks

From: Suzanne Adams@ECT on 05/31/2001 11:38 AM
To: kay.mann@enron.com
cc:

Subject: Cingular Bill

Kay, I called Cingular to see what was up with your bill.  The last payment
was made the end of March.  Your credit card expired March, 2001.  So, you
are not set up currently for your credit card to be charged.  I'm going to go
ahead and expense this charge and then you'll need to pay it.  If you want it
set up again on your credit card, you have to send Cingular a letter stating
your wishes.

I also changed your address to this building while I had her on the phone.

Is all of this ok with you?>


I will be out of the office Wednesday through Friday this week (March
15-17).   I will be with my children while they are on Spring Break.  I can
be reached those three day either at home (281-370-8568) or on my cell phone
(713-417-1591).   The following persons will serve as key operations contacts
in the office while I am out:
Key Operations Contacts March 15-17

  Brent Price   Business Controller, Gas  x37647

  Kristin Albrecht   Business Controller, Power  x34763

Also, I will be in the London office during the week of March 20th.  I am
working with Fernley Dyson and John Sherriff to structure training and
orientation for a new head of trading operations that has been hired in
London.  I am also working to provide transition resources to London for
operational controls unttil the new guy is on board.  My work on this should
be completed by the end of next week.  I will return to Houston on Friday,
March 24.  My assistant, Patti Thompson (x39106),  will have a copy of my
schedule while I am in London as well as an international mobile phone number
where I can be reached. Please don't hesitate to call.  I will be responding
to voice mail messages throughout the week.   The following persons will
serve as key operations contacts in the Houston office while I am working
from London:

Key Operations Contacts  March 20-24

  Brenda Herod   Business Controller, Gas  x35778

  Kristin Albrecht   Business Controller, Power  x34763

Kristin Albrecht will attend the Monday, March 20th staff meeting at 9:30 in
my absence.


I am hosting drinks at my home and dinner at Champions Golf Club on Saturday,
May 5 for my operations team and their spouses.  Greg and I talked about this
today.  He asked me to e-mail you so that you could put this on his calendar
and said that you would e-mail his wife to check the date as well.  If he and
his wife are available, I will let you know details as it gets closer.
Thanks for your help.  --Sally


Jessica, can you follow up on this request pls.
---------------------- Forwarded by Barry Tycholiz/NA/Enron on 04/12/2001 05:32 PM ---------------------------
From:	Kimberly Hillis/ENRON@enronXgate on 04/12/2001 04:25 PM
To:	Barry Tycholiz/NA/Enron@ENRON
cc:

Subject:	RE: <<Concur Expense Document>> - March 21

Barry,

Please make sure that your receipts make it up to john.

k

 -----Original Message-----
From: 	eserver@enron.com@ENRON [mailto:IMCEANOTES-eserver+40enron+2Ecom+40ENRON@ENRON.com]
Sent:	Thursday, April 12, 2001 4:30 PM
To:	Hillis, Kimberly
Subject:	<<Concur Expense Document>> - March 21

The following expense report is ready for approval:

Employee Name: Barry Tycholiz
Status last changed by:  Automated Administrator
Expense Report Name: March 21
Report Total: $4,677.57
Amount Due Employee: $4,677.57

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


Again...you've got the wrong Susan Scott.  You might try sscott3@enron.com...that's the address I use to forward things to her and it seems to be working.

Thanks

 -----Original Message-----
From: 	Nicolay, Christi
Sent:	Monday, April 30, 2001 2:20 PM
To:	Lackey, Chris; Calger, Christopher; Belden, Tim; Black, Don; Golden, Jeff; Pana, Marc; Kaufman, Paul; Comnes, Alan; Alvarez, Ray; Mara, Susan; Walton, Steve; Shapiro, Richard; Steffes, James; Hartsoe, Joe; Fulton, Donna; Novosel, Sarah; Brown, Jeff; Tweed, Sheila; Yoder, Christian; Hodge, Jeffrey; Keller, James; Sharp, Vicki; Ozzie Pagan/Enron@EnronXGate; Lawner, Leslie; Werner, Joy; Cordova, Karen; Frank, Robert; Dietrich, Janet; Kingerski, Harry; sscott3@enron.com; Presto, Kevin; Duran, W David; jader@enron.com; Brown, Michael; Bernstein, Mark; Llodra, John; Scheuer, Janelle; Wood, George; Guillaume, David; Gordon, Joe; splauch@enron.com; Stewart, Jennifer N.; Dutta, Tom; Martinez, Posey; Meyn, Jim; Aucoin, Berney; Pearce W Hammond/Enron@EnronXGate; Tripp, Garrett; Thompkins, Jason; Wheeler, Rob; Hamlin, Mason; ozzie.pagan@enron.com; Kroll, Heather; Fairley, David; Mccormick, George; wjennin@enron.com; Wagner, Joseph; Johnston, Elizabeth; Rust, Bill; Rorschach, Reagan; Cross, Edith; Aucoin, Berney; Bagwell, Jennifer; Braddock, Billy; Wang, Steve; ebaughm@enron.com; Clynes, Terri; Dalton III, Oscar; Sewell, Doug; kcompea@enron.com; Kelly, Mike E.; Justice, Gary; Hanse, Patrick; Compean, Karla; Stroup, Kerry; Mangskau, Dave; Brown, Jeff; Ballato, Russell; Baughman, Don; Lorenz, Matt; Choate, Jason; Valdes, Maria; Kinser, John; Makkai, Peter; King, Jeff; Benson, Robert; Sturm, Fletcher; Aucoin, Berney; Morse, Brad; Sager, Elizabeth; Nettelton, Marcus; Gray, Barbara; Mann, Kay; Migden, Janine; McNamara, Ron; Steffes, James; Novosel, Sarah; Dadson, Aleck; Allegretti, Daniel; Fromer, Howard; Hartsoe, Joe; Fulton, Donna; Hoatson, Tom; Montovano, Steve; Ryall, Jean; Chapman, Tom; Migden, Janine; Mangskau, Dave; Staines, Dan; Roan, Michael; Connor, Joe; Stroup, Kerry; Walton, Steve; Alvarez, Ray; Comnes, Alan; Mara, Susan; Twiggs, Thane; Rodriquez, Andy; Will, Lloyd; Scott, Susan; Nicolay, Christi; Montovano, Steve; Robertson, Linda
Subject:	Easier for EPMI/EES to purchase from industrials

Attached is FERC authorization for EPMI and EES to purchase power from industrials NATIONWIDE (effective March 6, 2001--Does not expire).  The industrial does not have to obtain its own power marketer license from FERC (subject to EPMI and EES making certain after the fact quarterlty filings for the industrials).

Specifics:

Owners of generating facilities located at business locations and used primarily for back-up for self-generation (who will be "public utilities" subject to the Federal Power Act only while they sell at wholesale) can sell power at wholesale from such facilities to EPMI and EES without prior notice under section 205 of FPA (would usually require 60 day advance notice filing).
	 -- Waives certain parts of the filing requirements for the industrial; however, the industrial will still be subject to shortened filing requirements for dispositions of facilities and interlocking positions while they are selling at wholesale.
	-- EPMI and EES will make the FERC quarterly filings on behalf of the industrials for any of these purchases.  Our report must show the names of the industrial; aggregate amount of capacity and/or energy purchased from each seller; and the aggregate compensation paid to each seller.  Accounting/commercial folks for EPMI and EES-- please make sure these purchases are flagged in the accounting system, since the report will be separate from our big quarterly reports.
	-- This does not authorize the retail industrial customer to violate any rules or tariffs of its host utility.  This does not authorize an industrial to resell power it purchases (only can sell what it generates); unless otherwise allowed (or not precluded) by its retail tariff.

West Desk:  This is similar to the authorization that FERC gave last week to purchases from industrials in WSCC.

____________________________________
On April 27, FERC issued an order granting EPMI and EES the authority to purchase power from IPPs at market-based rates.  As the attached order indicates, the effective date of the EPMI and EES rate schedules is March 6, 2001.

 - ER011394.wpd << File: ER011394.wpd >>
 - ER011394.doc << File: ER011394.doc >>