I'm in

 -----Original Message-----
From: 	Love, Phillip M.
Sent:	Friday, January 11, 2002 1:57 PM
To:	Giron, Darron C.; McLaughlin Jr., Errol; Mills, Bruce; Palmer, B. Scott; Ryder, Patrick; Taylor, Joey; Winfree, O'Neal D.
Subject:	FW: Phil Let me know if this is ok

Let O'Neal know if you will be in or out so that we can get some fillers.
PL

 -----Original Message-----
From: 	Winfree, O'Neal D.
Sent:	Friday, January 11, 2002 12:23 PM
To:	Love, Phillip M.
Subject:	Phil Let me know if this is ok

Gentlemen,

What:   		Let's play poker...

Where: 		The land of Pears

When:		Thursday, January 17th -- between 7-8 pm

Directions:	No key map so here goes

		288 South (please find 288 from Downtown)

		Exit McHard/Shadow Creek (hint: it's the first exit after the Beltway 8)

		Take a left onto McHard and proceed to the end of McHard

		There will be a Conoco at the first Stop sign, the next stop sign will say Country Place

		Proceed to the third stop Sign and take a left to The Lakes of Country Place

		Go to the Gurard's gate... You will visit 406 Starleaf

		Go thru the gate and Take a left on River Birch drive

		Starleaf will be the 3rd street on the right...

		My house is the 5th house on the left (in the cul de sac)...

		address 406 Starleaf	Pearland, Tx 77584
		phone: 713.436.2992	cell: 832.372.8000

O


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


The Strategic Planning Committee Meeting has been canceled for today only.   Tomorrow's (11/15) meeting will take place @ 11:00 a.m. in ECN 49C2.  Listed below are the items to be discussed.

?	Finalize Business Unit Plans
?	Address Cash Management and potential write downs

Your attendance is crucial to the discussions.  Please make every effort to be in attendance.  Again, notify me if you are unable to attend.

Many Thanks,

Liz Taylor
Exec. Assistant to Greg Whalley
Office of the Chairman
Enron Corporation
Tel.   713.853.1935
Fax   713.853.1838


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 12/14/2000
11:15 AM ---------------------------

	Enron North America Corp.

	From:  Rebecca W Cantrell                           12/13/2000 02:01 PM

To: Phillip K Allen/HOU/ECT@ECT
cc:
Subject: Re:

Phillip -- Is the value axis on Sheet 2 of the "socalprices" spread sheet
supposed to be in $?  If so, are they the right values (millions?) and where
did they come from?  I can't relate them to the Sheet 1 spread sheet.

As I told Mike, we will file this out-of-time tomorrow as a supplement to our
comments today along with a cover letter.  We have to fully understand the
charts and how they are constructed, and we ran out of time today.  It's much
better to file an out-of-time supplement to timely comments than to file the
whole thing late, particuarly since this is apparently on such a fast track.

Thanks.

	From:  Phillip K Allen                           12/13/2000 03:04 PM

To: Christi L Nicolay/HOU/ECT@ECT, James D Steffes/NA/Enron@ENRON, Jeff
Dasovich/NA/Enron@ENRON, Joe Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT,
pallen@enron.com, pkaufma@enron.com, Richard B Sanders/HOU/ECT@ECT, Richard
Shapiro/NA/Enron@ENRON, Stephanie Miller/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@ENRON, Susan J Mara/NA/Enron@ENRON, Rebecca W
Cantrell/HOU/ECT@ECT
cc:
Subject:

Attached  are two files that illustrate the following:

As prices rose, supply increased and demand decreased.  Now prices are
beginning to fall in response these market responses.


I just talked to Bob, and I don't know if he's responded yet, but I thought
I'd fill you in anyway. He's been talking to his contact at Constellation
about changing these deals over, but hasn't received a concrete answer yet.
I've reminded him and he said he WILL talk to the guy and resolve it today.
I'll keep on it, and let you know when these deals have been changed.

Thanks,
Kate

Melissa Ann Murphy
03/29/2001 11:13 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Constellation Cal Px trades

Hello, I hate to bug you with this.  Whenever you can spare a second would
you ask Bob about this?  I am afraid it is going to slip through the cracks.

Thanks for your help!
Melissa
---------------------- Forwarded by Melissa Ann Murphy/HOU/ECT on 03/29/2001
12:07 PM ---------------------------

Melissa Ann Murphy
03/26/2001 10:34 AM
To: Robert Badeer/HOU/ECT@ECT
cc: Kate Symes/PDX/ECT@ECT
Subject: Constellation Cal Px trades

Hi Bob, I was wondering if you have contacted Constellation about the 6
trades that are in the system with the Cal Px as the index price.  All of
these trades start flowing in July of this year.

The deal numbers are as follows:

453152.01
453175.01
453294.01
462109.01
471888.01
471889.01

Let me know if Constellation agrees to change these deals to the Dow Jones so
I can send a letter for them to sign.

Thanks,
Melissa


I think this is a great document to circulate to the larger group.  Thanks.

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/03/2001 05:05 PM

		 To: Sue Nord/NA/Enron@Enron
		 cc:
		 Subject: ICA memo

I forwarded this to you so that you could have a chance to take a peek at it
before forwarding along to the rest of the group.  If you'd like me to
forward it along to the larger group, just let me know.

Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/03/2001 05:02 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	01/03/2001 03:28 PM

		 To: Sue Nord/NA/Enron@Enron
		 cc:
		 Subject: ICA memo

Hi Sue:

A very happy new year to you.  Mr Kean has had me underwater since last
Thursday night, but I'll resurface tomorrow, at which time we can catch up on
a number of things, including bills.  But I wanted to forward along Steve's
memo that we discussed just prior to Xmas.  Hope you had a great holiday and
that all is well.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/03/2001 03:25 PM -----

	"Stephen P. Bowen" <stevebowen@earthlink.net>
	01/03/2001 03:17 PM
	Please respond to stevebowen

		 To: Jeffrey Dasovich <jdasovic@enron.com>
		 cc: Jeremy Meier <jermeier@earthlink.net>
		 Subject: ICA memo

 - ICA Overview Memo final.doc


Good luck!

From: Fred Mitro/ENRON@enronXgate on 06/01/2001 01:54 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: RE: Golf for Sarah

Thanks for your support.  We checked into the matching, but unfortunately
since the group raising this money was not formed as a Charitable
Organization under the tax reg's, the ability to get Enron to match is not
availible.  The goal of each golfer is to raise at least $1000 towards the
$150K goal, and your donation puts me over the $1K bar.

Thanks again.

Fred

 -----Original Message-----
From:  Mann, Kay
Sent: Friday, June 01, 2001 1:37 PM
To: Mitro, Fred
Subject: Re: Golf for Sarah

I can't open the form, but I'm good for $50.  Is this something Enron can
match?

From: Fred Mitro/ENRON@enronXgate on 06/01/2001 01:34 PM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: Golf for Sarah

Kay:

Here is the information on the charity golf outing we discussed.  Check out
sarahssoldiers.com for more information on Sarah and the efforts to help
her.

Attached at the bottom of this email is a pledge form.

Thanks for your support in this good cause.

Fred

---------------------- Forwarded by Fred Mitro/HOU/ECT on 04/12/2001 03:54 PM
---------------------------

 << OLE Object: Picture (Device Independent Bitmap) >>
Stephen Morse@ENRON COMMUNICATIONS on 04/12/2001 03:00:16 PM
To:

Enron Golfers:

Hey guys, Sarah Edwards is a friend of a friend's daughter who desperately
needs help to stay alive and all you duffers out there can help:

The 100 holes for golf for Sarah Edwards will be Monday June 4 at
Sweetwater CC. Sarah needs a lung transplant and
approximately $150,000 of the costs are not covered by insurance or
medicaid.

For more info on Sarah, visit Sarahssoldiers.com

Here is how the 100 holes for golf works:

*Free golf at Sweetwater
*You play as many holes as you can (100 is not mandatory)
* We provide your lunch, drinks and snacks
* You get pledges from your friends to play
*pledges may be flat amounts, per hole, per birdie or per eagle

Lets all keep Sarah alive! Can I get some other tentative commitments?

thanks!

Steve

Steve Morse
Enron Broadband Services
713-853-7137-work
713-569-7912-cell
email:  stephen_morse@enron.net
 << OLE Object: Picture (Device Independent Bitmap) >>

 - pledge.doc << File: pledge.doc >>


---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 08/07/2000
04:51 PM ---------------------------

Kyle R Lilly
08/07/2000 04:52 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Post IDs for 8/7


A few updates, clarifications and suggestions:
To be clear, the Group of Ministers has not approved any specific draft.
They deliberated on various concepts, which approved concepts have been
incorporated into the NCAER Draft VII.
It is our understanding that, just prior to his hospitalization, the late
Minister instructed his Ministry to support the NCAER draft.
The Prime Minister has assumed the role of Minister of Power until a
successor to Mr. Kumaramangalam has been appointed.  I'm sure you are aware
of the dynamic role the Prime Minister's Office (PMO) has played in the
telecommunications reform in India.  The same kind of dynamic role should be
played by the PMO in power reforms.
Mr. N.K. Singh is the Secretary to the Minister and was the person who
actively worked on the telecommunication reforms.  If the Secretary of Energy
has an opportunity to indicate to Mr. Singh (and certainly the Prime Minister
if possible) the need for the Prime Minister's Office to become active in
promoting power reforms and the advisability and need to support Draft VII of
the Electricity Bill, it would be most helpful.

---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
09/11/2000 09:52 AM ---------------------------

Jane Wilson
09/10/2000 12:01 PM
To: David.Pumphrey@hq.doe.gov
cc: Thomas.Cutler@hq.doe.gov, Sanjay
Bhatnagar/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Ashok
Mehta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Stephen D Burns/Corp/Enron@ENRON,
Joe Hillings@ENRON, Steven J Kean/NA/Enron@Enron, Mark Schroeder@ECT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Electricity Bill Developments

Dear David,

I'm so glad you asked for an update!

We have indeed had an interesting development regarding the Electricity Bill
since your visit.  You will recall that in AMCHAM's briefing, it was
positively noted that the drafting process of the Electricity Bill had been
transparent and that a draft that would provide a blueprint for the
restructuring of the electricity sector to move toward competitive markets
was attained.  Noone was 100 percent satisfied (probably the mark of a good,
passable bill) but many  agreed to the draft and felt, while not perfect, it
would achieve the desired reform.

We have learned that there are actually two drafts of the Electricity Bill
sponsored by the Ministry of Power.  The first has been developed by NCAER
(NCAER draft) in a very transparent process with seven iterations and
comments from 190 parties.  NCAER was hired as a consultant for this purpose
by the Ministry of Power.  At the time of Draft III, a second draft (MoP
draft) was developed in the Ministry which subsequently incorporated some but
not all of the NCAER draft provisions negotiated in the transparent process.
It was the MoP draft that was sent to the Group of Ministers and has been
worked on by the Ministry of Law.

The draft, however, was never introduced in Parliament.  The industry
discovered the existence of the second MoP draft immediately prior to
Minister Kumaramangalam's hospitalization and lobbied him and Secretary Basu
heavily to introduce the NCAER draft in Parliament or, at a minimum, allow a
transparent commenting process on the MoP draft.

Several parties in the industry have now been given the MoP draft, and
Secretary Basu has said he would entertain comments.  (How widely it has been
distributed is unknown.)  In addition, the death of the Minister, who was a
staunch advocate of reform, and the lack of a named successor, has now left
things somewhat uncertain.

The issues as they now stand are:

The existence of two separate Ministry-sponsored drafts, only one of which
was subjected to a wide sector review process.
The need to use the product of a transparent, commenting process once it has
been formulated.
The fact that the fine-tuned balance of interests and clear blueprint for a
transition to competitive markets achieved by the NCAER draft has been lost
in the MoP draft.  For example, the clear deregulation of price provisions in
the tariff section have been removed so that there is, in the MoP draft, full
regulation of price by the state commissions; however, in the state
commission section, there is a provision that allows the State Commission to
permit access to a consumer class and only determine the wheeling charge
(rather than the wheeling and supply price) for that class when it has so
determined.   Thus, there is  an apparent conflict within the statute
regarding the regulation of commodity priceand uncertainty regarding access
to end users.  (There are many such examples.)

Action Item:  Either support the NCAER draft and send it to the Ministry of
Law for legal fine tuning (Basu mentioned that the "form" of the NCAER draft
was not right), or repeat the iterative, transparent commenting process with
regard to the MoP draft.  hWe recommend supporting the NCAER draft because it
reflects a balance of the multiple sector interests.  It is the first such
document produced through an open process in India and was a process
sponsored by the Ministry -- for that reason alone, the Ministry should
promote and support the NCAER version.

Any assistance you can render on this issue will be greatly appreciated by
many parties in the sector.  Let us know how it goes.

Sincerely,
Jane Wilson

---------------------- Forwarded by Jane Wilson/ENRON_DEVELOPMENT on
09/09/2000 07:51 PM ---------------------------

"Pumphrey, David" <David.Pumphrey@hq.doe.gov> on 09/09/2000 03:36:09 AM
To: "'sanjay.bhatnagar@enron.com'" <sanjay.bhatnagar@enron.com>,
"'jane.wilson@enron.com'" <jane.wilson@enron.com>
cc: "Cutler, Thomas" <Thomas.Cutler@hq.doe.gov>

Subject: Electricity Bill Developments

Dear Sanjay and Jane,

I wanted to again thank you for the briefings you provided during my recent
visit to India.  Your analysis of developments in the electricity sector were
very helpful.

As you know we are getting ready for the visit of the Prime Minister next
week.  We have several energy events related to the visit and hope to be able
to complete some of the "homework" that you assigned.  It would be
particularly helpful if you could provide any updates on the status of the
Electricity bill.  I understand that the Council of Ministers had approved it
but I don't know if progress has been made in the Parliament.  Also there was
a report that some aspects of the bill had been changed in the approval
process.  Any updates would be useful for us in preparing for our meetings
with Secretary Basu and the Prime Minister.

Thanks for any help you can provide.

David Pumphrey
Department of Energy


Shelly Jones is the name of the recruiter who has my resume which was passed
on
from Heather Purcell.  I would like to interview with someone in the marketing
rotation program.  Please let me know what I can do to get an interview with
that group. Thanks again for your help.

Ashley Brochstein
(713) 320-4448

(See attached file: ASHfin.RESUME.doc)
----------------------------------------------------------------
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.

 - ASHfin.RESUME.doc


Please send to the distribution list
---------------------- Forwarded by Steven J Kean/NA/Enron on 08/28/2000
07:36 AM ---------------------------
From: Cindy Derecskey on 08/25/2000 04:01 PM
To: Steven J Kean/NA/Enron@Enron, James D Steffes/HOU/EES@EES, Richard
Shapiro/HOU/EES@EES
cc:

Subject: fyi

----- Forwarded by Cindy Derecskey/Corp/Enron on 08/25/2000 04:00 PM -----

"Martin, Kim" <martinki@fleishman.com> on 08/25/2000 03:51:17 PM
To: "'mark.palmer@enron.com'" <mark.palmer@enron.com>
cc:

Subject: fyi

Didn't know if you saw this column in today's LA Times, but he makes some
good arguments...

>   JAMES FLANIGAN: Simple Steps May Ease Self-Inflicted
> Electricity Woes
>   Los Angeles Times -- August 25, 2000  [Return to Headlines]
>
>
>      Publication Date: Friday August 25, 2000
>      Page C-1
>      Los Angeles Times (Home Edition)
>      Copyright 2000 / The Times Mirror Company
>      By JAMES FLANIGAN
>
>   Let's be clear, the fact that the state botched the job of
> deregulation to begin with is one reason California's electricity market
> is such a mess.
>
>   But failure to build a single new power plant in the state
> even as California's economy expanded its use of electricity is the basic
> cause of today's shortages and soaring prices in San Diego, Orange County
> and other areas.
>
>   Still, some simple steps can be taken by regulators,
> legislators and Gov. Gray Davis to provide immediate relief.
>
>   The state's major utilities should be free to buy power
> wherever they can get it. They should not have to buy exclusively from the
> Power Exchange, the Pasadena-based power pool that was set up by the 1998
> deregulation to achieve auction-based prices for roughly 80% of the
> state's electricity.
>
>   Approval should be expedited for adding smaller generating
> plants that supply power at times of peak demand. That could alleviate a
> tight supply-demand situation over the next year or two while larger
> plants are built.
>
>   Long term, the state needs to speed up the approval process
> for building new electricity plants. The state also should force utilities
> to invest in the still-regulated system of power transmission lines, which
> now has weaknesses in the San Diego and San Francisco areas.
>
>   Perhaps the most glaring fact about California's electricity
> problem is how few companies have stepped up to supply power to this
> enormous market, the nation's biggest. Only 15 or so suppliers, including
> federal agencies, the state's own utilities, municipal companies and
> private generating firms, supply power to California's system.
>
>   By contrast, Pennsylvania, which has an electricity market
> less than 12% the size of California's, has 130 separate suppliers of
> electricity today, reports John Quain, chairman of that state's Public
> Utility Commission.
>
>   It's no coincidence that Pennsylvania has seen monthly
> electric bills drop 3% on average since deregulation. "It's worked out
> terrifically," Quain says.
>
>   What did California do wrong? It allowed the state's major
> utilities--Pacific Gas & Electric, Southern California Edison and San
> Diego Gas & Electric--to recover 100% of their unrecovered or "stranded"
> costs for nuclear and hydroelectric plants and for past power purchase
> schemes mandated by the California legislature to encourage alternative
> sources of energy.
>
>   Then California's legislators told the utilities to sell
> their conventional power plants to private generating companies, all of
> which would sell their power to a central Power Exchange.
>
>   The California scheme was flawed, at once over-regulated and
> yet commercially clueless in not foreseeing trouble from a single power
> pool fed by only a handful of suppliers.
>
>   How did Pennsylvania do it? It allowed the state's utilities
> to recover no more than 67% of their stranded costs for nuclear
> plants--reasoning that company shareholders should accept some of the risk
> of their investments. And rather than set up a central power exchange, the
> state allowed its utilities and newcomers to the state's electric system
> to compete for business.
>
>   Competition, after all, is what deregulation is supposed to
> encourage. And competition is not happening in California.
>
>   It should be noted that the summer is relatively cool in the
> East this year and extraordinarily hot throughout the West. All the
> Western states are suffering electricity problems. That's another reason
> for California's trouble.
>
>   Normally, 28% of California's electricity comes from U.S.
> and Canadian government systems and from utilities in Oregon and
> Washington, Nevada and Arizona. But this year, because of lower
> hydroelectric supplies and higher demand from booming economies in those
> other states, power for California is in shorter supply and more expensive
> when the state can get it. Now there are accusations that some suppliers
> to California have taken advantage of their market leverage to extract
> premium prices for power.
>
>   There's nothing illegal in angling for a better price or in
> using futures markets and other trading techniques, as some generators may
> have done. If any stepped over the line to illegal collusion, federal and
> other investigations will determine the facts.
>
>   But who gave the generators the market leverage to exploit
> us? The California regulators, legislators and utilities did. Told to sell
> their generating plants in 1998, the utilities sold dozens of plants in
> package deals of two and three to single buyers. They received premium
> prices from buyers such as AES Corp., Duke Energy, Southern Co. Reliant
> Energy, Dynegy and NRG. The premiums were paid for the market leverage
> that multiple plants afforded the buyers.
>
>   Nobody in the utilities reckoned that they were handing
> market leverage to potential commercial adversaries. Nobody in the
> Legislature or the regulatory staffs reckoned that the central Power
> Exchange could be held up by market leverage.
>
>   As outsiders often say about Californians: "Maybe it's the
> sunshine makes them slow."
>
>   (END)
>
>   05:23 EDT August 25, 2000
>   Copyright , 2000 Times Mirror Company
>
>
>
>


Attached are my comments on the Bliley amendment to the Largent amendment.


Steve,

The auction in Alberta involved the bidders bidding a lump sum price for
the right to dispatch the formerly regulated generation plants and receive
the revenue from the sale of energy and capacity.  The successful bidders
assumed the obligation to pay the plant owner its fixed and variable costs
of the plant for the term of the PPA. These generator fixed and variable
costs were determined by an independent consultant retained by the Alberta
Government and the auction was run by another independent consultant with
auction expertise.

In contrast to the Alberta auction, I understand Jeff Skilling is
envisioning an auction that would result in the selection of suppliers of 5
- 10 year power to California utilities.   The participants in the
California auction would presumably be generators and traders who would
offer to supply firm physical power - that would be used by the utilities
as a physical hedge.  Presumably those with the lowest offers would win the
5-10 year supply contracts.   This is quite different from the Alberta
auction which involved the sale (rather than the purchase) of supply.

Having said this, the Alberta auction process was considered to be fair,
equitable and transparent.   The on-line simultaneous ascending auction
model used in Alberta has apparently been used successfully in more than 30
previous auctions of various products by the auctioneer, including the
awarding of spectrum licences in the U.S..  The independent
consultant/auctioneer in the Alberta process was Charles River Associates,
based in Boston.  The key person at CRA was Brad Miller (bam@crai.com
617-425-3384).  Brad is a world class expert on auction design and if there
is an auction design model that could be applied in California I'm
confident he would be able to quickly scope it out for us.

Regards,

Rob

From: Steven J Kean@ENRON on 09/29/2000 03:47 PM CDT

Sent by:  Steven J Kean@ENRON

To:   Mark Schroeder/LON/ECT@ECT, Tom Briggs/NA/Enron@Enron, Robert
Hemstock/CAL/ECT@ECT, Peter Styles/LON/ECT@ECT, Daniel
Allegretti/HOU/EES@EES, Steve Montovano/DUB/EES@EES, Janine
Migden/DUB/EES@EES, Aleck Dadson/TOR/ECT@ECT, Paul Dawson/Govt.
Affairs/LON/ECT@ECT
cc:
Subject:  examples of auction processes that worked

Jeff Skilling proposed a solution to Gov Davis to solve the supply and
pricing problems in the California market.  In summary, the proposal would
have a neutral party conduct an auction wherein the utilities would seek
bids for 5-10 year packages of power from suppliers.  The gov asked if
anyone had successfully conducted such an auction in the industry already.

I need your help to identify and describe any such examples (European or
North American) by mid day Monday. Jeff and I will have a follow up call
with the governor on Monday.

Thanks


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  , 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude Spread     http://www.carrfut.com/research/Energy1/crudespread32.pdf
Heat Spread     http://www.carrfut.com/research/Energy1/heatspread32.pdf
Unleaded Spread
http://www.carrfut.com/research/Energy1/unleadspread32.pdf

Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack32.pdf
Gas Crack     http://www.carrfut.com/research/Energy1/gascrack32.pdf

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com


Hi,
	FYI here is an updated spreadsheet summarizing the data vendor research and model development.

	Please let me know if any thing is missing, wrong, should be deleted, etc.

Thanks,
Iris

 -----Original Message-----
From: 	Salmon, Scott
Sent:	Monday, April 09, 2001 2:15 PM
To:	Dhar, Amitava
Cc:	Mumford, Mike; Kirkpatrick, Eric; Mack, Iris
Subject:	Re: Data for private firm model

Great work Iris!  This gets us heading down the right direction and we'll have some project scope documentation ASAP.

Cheers,
Scott

Amitava Dhar
09/04/2001 19:25
To:	Scott Salmon/EU/Enron@Enron, Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron
cc:	Iris Mack/ENRON@enronXgate

Subject:	Data for private firm model

The enclosed spreadsheet contains a summary of preliminary data search plan prepared by Iris.  We will talk about further progress during our conf. call on Wednesday.

 << File: Credit Modeling-Derivatives.xls >>

<Embedded Picture (Device Independent Bitmap)>


Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 02/14/2001 10:57 PM -----

	"Beiser, Megan" <Megan.Beiser@edelman.com>
	02/14/2001 04:06 PM

		 To: "Aaron Thomas (E-mail) (E-mail)" <athomas@newenergy.com>, "Andrea Weller
(E-mail) (E-mail)" <aweller@sel.com>, "andrew Chau (E-mail) (E-mail)"
<anchau@shellus.com>, "Bill Chen (E-mail) (E-mail)" <bchen@newenergy.com>,
"Douglas Oglesby (E-mail) (E-mail)" <doao@chevron.com>, "Fairchild, Tracy"
<tracy.fairchild@edelman.com>, "Jeffrey Hanson (E-mail) (E-mail)"
<jeff.hanson@phaser.com>, "jennifer Chamberlin (E-mail) (E-mail)"
<jnnc@chevron.com>, "john Barthrop (E-mail) (E-mail)"
<jbarthrop@electric.com>, "John Leslie (E-mail) (E-mail)" <jleslie@luce.com>,
"Joseph Alamo (E-mail) (E-mail)" <jalamo@enron.com>, "Manuel, Erica"
<Erica.Manuel@edelman.com>, "'Michael Nelson' (E-mail)"
<mnelson@electric.com>, "Peter Bray (E-mail) (E-mail)" <pbray@newpower.com>,
"Rebecca Schlanert (E-mail) (E-mail)" <rschlanert@electric.com>, "Richard
Counihan (E-mail) (E-mail)" <rick.counihan@greenmountain.com>, "'Robert
Morgan' (E-mail)" <rmorgan@newenergy.com>, "Sue Mara (E-mail) (E-mail)"
<smara@enron.com>
		 cc:
		 Subject: Governor Davis Announces Bill Package to Increase Renewable Energ
y, Distributed Generation and Co-generation

> The Governor held his press conference today at the co-generation plant at
> the University of California Medical Center in Sacramento.
>
> All local TV, print and radio news media outlets sent representatives.
>
> Although the focus of the news conference was supposed to be introduction
> of a legislative package promoting renewable energy, distributed
> generation and co-generation, it quickly turned to how the Governor will
> deal with the possible bankruptcy of the utilities.  The Governor said
> that it has "become increasingly obvious" to him that the best solution to
> the utilities' financial problems is the "acquisition of transmission
> lines."  He noted that the transmission lines are the utilities "most
> significant asset" and would be something the public would be able to get
> value from "in perpetuity."  He said the arrangement will likely be a
> "lease" of the utilities' lines, with the companies continuing to maintain
> them, "to capture [the utilities'] expertise."  Details of this plan will
> be announced on Friday, the Governor said.  The time and place for this
> announcement have yet to be released.
>
> The Governor later said he felt the utilities' parent/holding companies
> should "be part of the solution" so there would be "shared pain" in
> reaching a solution.
>
> The Governor said he suspected that acquisition of the transmission lines
> will involve the sale of revenue bonds, but he "didn't have enough wisdom"
> when asked about it to give a firm answer.  He said he believed he would
> have that wisdom on Friday.
>
> The Governor also commented on his plan to police and/or fine business
> establishments that keep their lights on after business hours.  He said he
> would announce a finalized plan on or around Mar. 15, a specific program
> to reduce by 50-70% the amount of energy used by retailers after-hours.
>
> The Governor did outline the legislative package designed to promote
> renewable energy, distributed generation and co-generation through
> incentives, rebates and tax credits.
>
> The package contains:
> 1.) "Rebate Increase Bill": "Emerging Renewable Resources Account of the
> Renewable Resource Trust Fund" = $50 million to increase rebates for
> renewable distributed generation systems smaller than 10 kilowatts (this
> money will come from the General Fund)
>
> 2.) Tax Credit Bill: SB 17X (Brulte): A 50% tax credit for the purchase
> and installation of renewable distributed generation systems larger than
> 10 kilowatts and up to 200 kilowatts for large facilities such as
> apartment complexes and businesses.
>
> 3.) Renewable Energy Loan Guarantee Program: AB 53X (Reyes): $50 million
> for a commercial loan guarantee program for renewable power systems,
> distributed generation and co-generation facilities.
>
> 4.)Retrofitting of Distributed Generation Facilities: This proposal will
> provide $20 million to achieve 40 MW of reduced peak load through
> retrofitting of natural gas distributed generation units at municipal
> water districts to improve environmental performance.  This involves
> retrofitting diesel and dirty natural gas generators with clean natural
> gas technology.
>
> 5.)Legislation to Exempt Microgeneration and Renewable Facilities Less
> than 1 MW from Standby Charges: Elimination of the standby charges paid by
> distributed generation end-use customers to the Investor Owned Utilities.
> This includes small co-generation facilities and only applies to units
> that generate less than one megawatt.
>
> ***********************************
>
> Please find the text of the Governor's press release for this news
> conference below:
>
> FOR IMMEDIATE RELEASE
> 02/14/2001 2:00 pm
>
> GOVERNOR DAVIS ANNOUNCES BILL PACKAGE TO INCREASE RENEWABLE ENERGY,
> DISTRIBUTED GENERATION AND CO-GENERATION
>
> SACRAMENTO
>
> Governor Gray Davis today announced a legislative package to provide
> incentives to power up more renewable energy, distributed generation and
> co-generation to help meet California's energy challenge.
>
> "By investing in renewable energy sources, clean distributed generation
> and co-generation, we can increase our energy supply without taking power
> away from the grid," Governor Davis said. "My generation plan contains the
> most ambitious renewable energy program in the nation."
>
> Distributed generation and co-generation are powerful tools for meeting
> California's power needs. These types of facilities reduce demand on the
> state power grid. They also provide energy independence from the
> Independent Systems Operator and the volatile spot market; advanced
> technology that creates jobs as well as power; and reliable energy sources
> that respect the environment.
>
> Governor Davis' legislative package for distributed generation,
> co-generation and renewable energy includes:
>
>
> 1.   $50 million to increase rebates for renewable distributed generation
> systems smaller than ten kilowatts.
> 2.   A 50% tax credit for the purchase and installation of renewable
> distributed generation systems larger than 10 kilowatts and up to 200
> kilowatts for large facilities such as apartment complexes and businesses.
> This will be carried in SB 17x by Senator Jim Brulte (R-Cucamonga).
> 3.   $50 million for a commercial loan guarantee program for renewable
> power systems, distributed generation and co-generation facilities. This
> will be carried in AB 53x by Assemblymember Sarah Reyes (D-Fresno).
> 4.   $20 million for retrofit of distributed generation owned by
> municipal water districts to improve environmental performance. This
> involves retrofitting diesel and dirty natural gas generators with clean
> natural gas technology.
> 5.   Elimination of the standby charges paid by distributed generation
> end-use customers to the Investor Owned Utilities. This includes small
> co-generation facilities and only applies to units that generate less than
> one megawatt.
>
>
> The Davis Administration will work closely with legislators to pass
> legislation to implement these proposals.
>
> Co-generation is the simultaneous generation of electricity and heat or
> steam, usually on an industrial site. Typically, the electricity is sold
> to the grid and the heat or steam is used onsite in the industrial process
>
> Distributed generation is a term used for a decentralized approach to
> generating electricity. Generally, the electricity is generated on the
> site where it is being used. It can include renewables (such as solar or
> wind power), fuel cells, and micro-generators.
>
> Governor Davis made his announcement at the UC Davis Medical Center
> Co-Generation Plant in Sacramento. The plant supplies not only all of the
> electricity for the but all of the heating and cooling, for the UC Davis
> Medical Center. It produces 26 MW of power. Since the Medical Center needs
> less than half of that, the excess power is sold back to the ISO, which
> pays the Center's utility bills.
>
> "The UC Davis Medical Center Co-Generation Plant is a self-sufficient
> facility," Governor Davis added. "It is an efficient facility. It is a
> clean facility. And it is the kind of facility that we need a lot more of
> to meet our peak energy demands."
>
> Governor Davis' energy plan relies on three elements: stabilization,
> conservation and generation. The Governor is working with legislative
> leadership on a stabilization plan for the State's Investor Owned
> Utilities. Over the last several weeks, Governor Davis unveiled an
> aggressive plan for energy conservation that will help reduce demand and
> keep costs down and a plan to dramatically increase the supply of produced
> and sold in California.
>
>
> ###
>
>


Note:  EIA has increased their gas demand and price figures.  At the bottom
of this synopsis, the web site address  will
direct you to the full report released today if you would like further
information.

EIA: Gas Takes Bigger Share Long-Term

A higher rate of economic growth will lead to a greater expansion in natural
gas use than previously forecast over the next 20 years --- to 34.7 Tcf/ year
in 2020, up from 31.5 Tcf --- and a 10% increase in projected prices --- from
$2.81/Mcf to $3.13, according to the Energy Information Administration's
latest report.

EIA's Annual Energy Outlook 2001 (AEO2001) released today projects U.S.
economic growth at an average rate of 3% a year over the next 20 years, up
from its previous estimate of 2.1% per year. The economic growth will boost
overall U.S. energy demand from 96 quadrillion Btu in 1999 to 127 quads in
2020, up from the 121 energy quads projected by EIA one year ago (see Daily
GPI, Nov. 10, 1999). The increase in the projection for natural gas demand by
2020 of slightly over 3 Tcf (loosely equal to 3 quads) is responsible for
about half the change in energy projections.

EIA says the 62% increase in gas demand from 21.4 Tcf in 1999 to 34.7 Tcf in
2020, will be spurred by a tripling of gas use for power generation. During
the next 20 years 89% of new power generation units will be fueled by natural
gas. Gas prices are expected to decline within two years from current highs.
"In the longer term, technology improvements in the exploration and
production of oil and natural gas are expected to moderate price increases
even as demand for these fuels grows."

EIA projects world oil prices will reach $22.41/barrel (in 1999 dollars) in
2020, up just slightly from the $22.04 in last year's forecast.

The federal bean counters see a 1.8% average annual increase in power demand
over the next 20 years, compared to the 1.3% they predicted last year. Prices
will decline from the current 6.7 cents per kWh, but not as much as predicted
last year due to the higher projected gas prices. Instead of 5.8 cents per
kWh in 2020, EIA's AEO2001 sees electric rates holding at 6.0 cents per kWh.

Power to be provided by nuclear generation jumped 34% from the forecast last
year "due to lower estimated costs for extending the life of current nuclear
plants and higher projected natural gas prices, although total nuclear
generation still declines as some existing plants retire."

Coal will still be the primary fuel for power generation, but its share will
dwindle from 51% to 44% of the generating total.

For the full report go to this web site:
http://www.eia.doe.gov/oiaf/aeo/earlyrelease/index.html


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Credit is reviewing file and we are trying to determine whether this entity
is "eligible" (for swap transactions).  I should know more soon.  Sara


Congrats! Great job for you and everyone else in D.C.( & Houston)  office
that assisted. Thanks.

Chris Long
12/16/2000 10:16 AM
To: Jeff Skilling/Corp/Enron@ENRON, Kenneth Lay/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron, Louise Kitchen/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT,
David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Mark E
Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Richard Shapiro/NA/Enron@Enron, Mike
McConnell/HOU/ECT@ECT, James D Steffes/NA/Enron@Enron, Mark
Schroeder/LON/ECT@ECT, Lisa Yoho/NA/Enron@Enron, Mark Tawney/HOU/ECT@ECT,
Gary Hickerson/HOU/ECT@ECT, Linda Robertson/NA/Enron@ENRON, Joe
Hillings/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, Stephen D Burns/Corp/Enron@ENRON, Allison
Navin/Corp/Enron@ENRON, Amy Fabian/Corp/Enron@ENRON, Carolyn
Cooney/Corp/Enron@ENRON, Jeffrey Keeler/Corp/Enron@ENRON
cc:

Subject: Commodity Exchange Act Passes Congress

Congress Passes the Commodity Futures Modernization Act of 2000

Late Friday afternoon, December 15, Congress passed the Commodity Futures
Modernization Act of 2000.  The purpose of the Act is to eliminate
unnecessary regulation of commodity futures exchanges and other entities
falling within the  coverage of the Commodities Exchange Act ("CEA") and the
provide legal certainty with regard to certain futures and derivatives
transactions.  By enacting such changes, Congress intends to promote product
innovation and to enhance the competitive position of US financial markets.
Certain provisions of the Act open the door for Enron's further product
innovation and growth.  Specifically, the Act provides important legal
certainty for energy and other transactions occuring both on an
over-the-counter (OTC) bilateral basis and on multilateral electronic trading
platforms.  Enron was a leading advocate of passage of this legislation.

Bilateral Transactions

Under the Act, bilateral transactions in all commodities (other than
agriculture commodities) that do not occur on trading facility (i.e. not on a
multi-party exchange) are exempt from most provisions of the CEA as long as
the transactions are entered solely between "eligible contract
participants"(i.e. persons and certain legal entities satisfying capital
thresholds and other requirements under the Act).  This provision essentially
codifies and expands existing CFTC exemptions for swaps and forward
contracts, thereby eliminating a degree of legal ambiguity that has
frustrated product innovation and growth.

Multilateral Transactions

In addition, the Act creates a broad exemption for any agreement, contract or
transaction in commodities (other than agriculture commodities) so long as
they the transactions are between "eligible commercial participants", are
entered into on a "principle-to-principle basis" and that take place on a
multi-party "electronic facility".  This exemption could facilitate expansion
of EnronOnline to allow for multi-party transactions, however certain legal
requirements will have to be met.

Other Transactions

The Act also creates a broad exclusion for a number of commodities that are
of interest to Enron, including "credit risk measure" commodities and weather
derivatives .  Again, the derivative transaction exclusion will have to meet
certain legal thresholds.

This legislation has been over six years in the making and the collective
support of many Enron employees has been crucial.  Thank you to all that have
contributed to the passage on this important legislation.  We will have a
more through legal summary of this legislation in the near future. Do not
hesitate to contact me at (202) 466- 9158 of Mark Taylor at (713) 853-7459
with any questions.


Hi Peter,

Still here.  Let me give you my home email, just in case: Kay.mann@worldnet.att.net.

My main objective currently is to maintain a positive attitude.

Hope you and yours enjoy the holidays.

Kay

-----Original Message-----
From: Thompson, Peter J. [mailto:pthompson@akllp.com]
Sent: Tuesday, December 11, 2001 8:54 AM
To: Mann, Kay
Subject: Hope You're OK

	I hope this e-mail gets through to you.  Just wanted to let you
know that I'm thinking of you.  I hope you come out of this mess ok.
Please contact me after the dust settles to let me know how you're
doing.  Happy Holidays!


I am taking Good Friday as my discretionary holiday for the year.  I will be
in Austin with my daughter for her official tour and info session at UT, plus
a look at dorms.  Patti will have numbers where I can be reached in Austin.

We are making final changes to the orig presentation today - I will be
reviewing those tomorrow in Austin.  I am e:mailing you a current draft
version, although it does not yet reflect all of the changes needed.  I am
still trying to eliminate some pages to make it more a more manageable size.
I have taken the work that Rahil and Fred have done on the services and have
made that into an appendix - nice work, but way too much detail for a
presentation.


Guys, the project should be charged market based rates and ENA is not in the
business of subsidizing international projects.  This is particularily the
case if we are not going to hold a continued interest in the project.

However, if we can not reach a term O&M agreement please maintain the
optionality in the project by managing the facility on a direct bill basis to
APACHI until they find an alternative provider. Do not in any event abandon
any assets at any time.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/12/2000
01:50 PM ---------------------------

Raymond Bowen
06/12/2000 11:51 AM
To: David W Delainey/HOU/ECT@ECT
cc: Mark Dobler/NA/Enron@Enron
Subject: Nigeria

A couple of points:

1) Dobler says that he has been in Nigeria for six months with no
compensation and very poor communication.
2) The scope has changed from 3 barges to 9 barge.
3) His price quote is cost reimbursement plus $750,000/year for approximately
thirteen years.  PV is between $5 and $6 million.
4) APACHI is having a severe case of sticker shock.
5) He insists this is market for a major international provider.

I need to understand your view as to whether we should price at market or
does OEC have the mandate to be a "support" function for other Enron
businesses (I assume the answer is NO)

Ray
---------------------- Forwarded by Raymond Bowen/HOU/ECT on 06/12/2000 11:40
AM ---------------------------

James A Hughes@ENRON_DEVELOPMENT
06/11/2000 10:27 PM
To: David W Delainey@ECT, Raymond Bowen@ECT
cc: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe Sutton
Subject: Nigeria

Dave:

It is apparent that we are not going to reach agreement on an O&M contract
that will be acceptable to third parties.  Given our clear intention to exit
this project as fast as possible and extract our value through a promote,
this leaves me no choice but to seek other alternatives.  I would appreciate
your providing me interim O&M services until I can identify a third party
service provider.  If you carry out your threat to abandon the assets, this
will result in invalidation of our insurance coverage.  I hope you understand
that this is not in anyone's interest.  I am disappointed to discover that
our first experience with the new structure of O&M services is so
unsatisfactory.

Jim Hughes


I've made a rough stab at an exhibit to capture the changes which are
necessary for the ABB contract.  Please comment on the attached, suggest
changes, etc.

I will add a rep. or condition about receiving all the change orders, etc,

FYI, I will be working on this over the weekend, should you care to comment.

Kay


---------------------- Forwarded by Mary Hain/HOU/ECT on 12/18/2000 08:31 AM
---------------------------

Mary Hain
12/17/2000 05:20 PM
To: Don Black/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, James E Keller/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Steven J
Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Ginger Dernehl/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, William S Bradford/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Kathryn
Corbally/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES,
Mark Frevert/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula
Rieker/Corp/Enron@ENRON, gfergus@brobeck.com, sbishop@gibbs-bruns.com, Tom
Alonso/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jim
Buerkle/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Dave Parquet, Paul
Choi/SF/ECT@ECT, Ed Clark/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Michael
Etringer/HOU/ECT@ECT, Mark Fischer/PDX/ECT@ECT, John M Forney/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Dave Fuller/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT,
Don Hammond/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Elliot
Mainzer/PDX/ECT@ECT, Chris Mallory/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT,
Wayne Mays/PDX/ECT@ECT, Marcie Milner, Matt Motley/PDX/ECT@ECT, Tracy
Ngo/PDX/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT, Todd
Perry/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Lester Rawson/PDX/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Diana
Scholtes/HOU/ECT@ECT, Jeff Shields/PDX/ECT@ECT, Jeff G Slaughter/PDX/ECT@ECT,
Chris Stokley/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Jake Thomas, Stephen
Thome/HOU/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Laura
Wente/HOU/ECT@ECT, Greg Wolfe@ECT, Christian Yoder/HOU/ECT@ECT
cc:
Subject: Summary of FERC's 12- 15 order on California Markets


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/20/2001 09:41
AM ---------------------------

"Campbell, Carolyn" <CCampbell@KSLAW.com> on 04/19/2001 10:42:28 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Keffer, John" <JKeffer@KSLAW.com>

Subject: FW: ENA Letter

Kay:

See Greg's e-mail below.  Attached is a re-draft of the "no objection to
forms" letter.  I have not yet furnished the re-draft to Greg.  Please
review and advise of any comments.  Thanks.

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

Enclosure:    140366v4

-----Original Message-----
From: Lang, Gregory F. [mailto:gregorylang@paulhastings.com]
Sent: Thursday, April 19, 2001 8:58 PM
To: 'ccampbell@kslaw.com'
Subject: ENA Letter

Carolyn- I discussed the issue re the ENA letter with the lenders and they
can live with the delivery of a letter attaching the forms with the "no
objection" and "no act in furtherance of frustration" language we discussed
with Kay.  We also need to make sure a mechanism in place that ensures that
upon Pegasus' payment of the $800 on the morning of the transaction closing
(post-Turbine K execution and pre-escrow release), ENA will deliver the
membership interest in Salmon and any other deliverable required to allow
the Delta/Pegasus slate of officers to be installed to execute the Salmon
Note and the Salmon Security Agreement. I suppose this can be effected in
that escrow control letter that Freshfields is drafting that ENA and the
lenders will sign.

Do you want to redraft your letter or would you prefer us to mark it up. Let
me know.

Greg

Gregory F. Lang
Paul, Hastings, Janofsky & Walker LLP
1055 Washington Blvd.
Stamford, CT 06901

203.961.7446 (p)
203.674.7646 (direct fax)
203.359.3031 (firm fax)
gregorylang@paulhastings.com <mailto:gregorylang@paulhastings.com>

"paulhastings.com" made the following annotations on 04/19/01 21:57:48
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This message is being sent by or on behalf of a lawyer.  It is intended
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 - ENA Ltr to Delta Lender re Form of Agmt.DOC


Per my conversation with Frank, this counterparty wants to trade weather
online.  However, they have the old style ERMS Master in place which only
covers energy commodities.  I spoke to Scott Tackett on the Confirm Desk, and
he is going to add language to the confirm that puts the trades under the
master agreement.   I also spoke to Tanya Rohauer in Credit and she is going
to move this counterparty up on the list for an ISDA replacement master.

So, they are OK to open for weather.


The ETS Mechanical Services, Compression Services and ETS Mechanical
Integrity groups have been renamed ETS Power Services to better describe the
focus of our business.

ETS Power Services is responsible for data gathering and predictive
maintenance analysis, coordination of scheduled & unscheduled maintenance,
outage planning, overhaul management & inspection. We also supply the
day-to-day mechanical expertise for over 700 reciprocating engines, gas
turbines and compressors throughout the ETS system.  The name ETS Power
Services helps to better define our role and the expansion of our business to
support other Enron entities, as well as companies outside Enron in the power
and natural gas industries.

Please feel free to contact me at 713-646-7624 should you have any questions,
or if the ETS Power Services group can help support your engine, gas turbine
or compressor maintenance needs.

John R. Keller
Vice President
ETS Planning & Power Services


0202schris E-Confirmed* your GTSA Exhibit 0202BOF016 at 13:50:18 on 14-NOV-2001.  To learn more about California Gas Transmission services available to you, please contact a CGT Representative (http://www.pge.com/pipeline/custserv/reps.html).

* As a "contact" identified on Exhibit B (Access Request Form), you are authorized to confirm contracts under the Electronic Commerce System User Agreement executed with Pacific Gas and Electric Company.  If you are not a "contact" identified on Exhibit B, please call a CGT representative to let them know you received this e-mail in error.


You're right - 458802 is a deal with Constellation, but it's part of a sleeve
Mike Swerzbin did for EES. Thanks for the spreadsheet, and for getting me on
the mailing list.

Kate

Judy Dyer@EES
02/14/2001 10:24 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 11/14

I spoke with Kim Hundle and deal # 458802 is not with EES I wasn't sure if I
had wrote the number down wrong or not.  Sorry.    I also spoke with Neil
Bresnan after we had spoke and he had said it should be no problem getting
you on the list.  I will check again and I apologize for the delay.
Thanks
Judy
---------------------- Forwarded by Judy Dyer/HOU/EES on 02/14/2001 12:21 PM
---------------------------

Jubran Whalan
11/14/2000 02:43 PM
To: Term Hedges for EES Portfolio
cc:
Subject: 11/14


Dear Subscriber,

Welcome to RiskNews Update - 25/1/2002

The focus of investigations into the collapse of Enron turned to its derivatives trading business this week. Expert testimony in a US Senate hearing Thursday by Frank Partnoy, a professor in the University of San Diego School of Law, warned that profits the firm attributed to its derivatives operations may have been inflated due to systematic problems with the way Enron valued its positions and recorded them in its trading book. But Partnoy - who is currently researching a book about Enron's fall - failed to provide any hard evidence. Enron spokesman Vance Meyer refused to address the matter, stating Enron would not offer counterarguments to each testimony. To vote on whether derivatives played a key role in Enron's demise, visit http://www.risknews.net.

Meanwhile, Citibank and Soci?t? G?n?rale will sell warrants for the first time in the North American retail market on Monday, via the Bourse de Montr?al. The expansion is significant for the banks, both of which are market leaders in the warrants business, as it could open the way to selling the products to the US retail market. A tight US regulatory environment currently impedes the selling of warrants in the US.

Operational risk software and data vendors Raft International and OpVantage plan to integrate their respective op risk applications, Raft Radar and OpVar. US-based OpVantage was established in April last year when PricewaterhouseCoopers and NetRisk merged their op risk offerings. The firms believe the joint offering should allow users to manage their entire operational risk process from developing and collecting risk indicators through to calculating capital-at-risk.

On the people front, Lehman Brothers lured a 15-person equity barrier options team from rival CSFB. The move is the largest hiring spree in Lehman's two-year drive to boost its equity derivatives capability. The team will be led by Jerry Guthrie. Deutsche Bank, meanwhile, hired Michel Iskander to head its OTC derivatives structuring business. Iskander, who has worked at JP Morgan since 1993, will manage a team of about 10 and report to Toshio Okumura.

Christopher Jeffery
Editor, RiskNews
http://www.risknews.net
mailto:cjeffery@riskwaters.com

>> The February issue of Risk will include the annual Commodity and Energy Rankings - Risk polls the largest energy and metals derivatives dealers, brokers and end-users to reveal the top firm in each of over 50 products. Find out who the leaders are by registering for your FREE copy of the February issue at http://www.risk.net

Visit http://www.risk.net/awards2002 for information on the Risk Awards 2002 Presentation Dinner, which will be held at the Regent Hotel Wall Street, New York on February 28. All proceeds from the dinner will be donated to the Risk Waters Group World Trade Center Appeal (see below for further details). To reserve your table, contact Brid Hayes at bhayes@riskwaters.com

>> If you have been forwarded this message, sign up to Risk News here! It's quick, easy and free. Above all else, the weekly 'RiskNews Update' is indispensable for derivatives and risk professionals! Click here: http://lb.bcentral.com/ex/manage/subscriberprefs?customerid=6490

>> To change your e-mail address, update your interests or unsubscribe, follow the link at the end of this message.
------------------------------------------------------------

Headlines/Technology/People/Events

============================================================
Headlines - 25/1/2002
============================================================
25 January - The US Senate hearing on the collapse of Enron opened yesterday with expert testimony urging the focus of investigations to fall more on the firm's derivatives trading operations.

25 January - Citibank and Soci?t? G?n?rale are set to sell the first warrants to the North American retail market when they start trading them via the Bourse de Montr?al, Canada's financial derivatives exchange, on Monday.

25 January - Operational risk software and data vendors Raft International and OpVantage plan to integrate Raft Radar and OpVar, their respective op risk applications, in a collaboration that will see the global delivery of joint products and services to financial institutions.

25 January - I-Wex, a UK-based data provider, has launched QuantWeather.com, an online platform for historical weather data. Speaking at the product's launch, at Risk's WeatherRisk 2002 conference in New York, Nick Mooney, I-Wex's chief executive, claimed QuantWeather could help boost the use of weather derivatives by providing historical hourly weather data.

24 January - Platts, the energy information business and part of McGraw-Hill, has launched a series of coal derivatives indexes in the US to help market participants to price contracts in this developing area of the energy markets.

24 January - A joint venture between the World Bank and US energy company Aquila is set to broaden the growing weather derivatives sector into emerging markets for the first time.

23 January - The WeatherRisk 2002 conference in New York opened today in upbeat mood, with speakers predicting strong future growth in the market despite the pull out of two leading weather derivatives trading firms, Enron and BNP Paribas.

23 January - Central counterparty the London Clearing House (LCH) reported record volumes and notionals last year, seeing contracts cleared up by 40% to 315 million, worth a notional value of ?168.13 trillion.

22 January - The International Swaps and Derivatives Association and FpML.org, scheduled to merge at the end of January, have published a trial recommendation for financial products markup language (FpML) Version 2.0.

To read more now, click http://www.risknews.net

************************************************************
Dealing with Technology (DWT) 2002 - the global trading and risk management forum
Thursday April 11, 2002
The Brewery, London

The challenge is clear. Get the most out of new technology and legacy systems. Ensure maximum return on investment. Make risk management your priority. Stay ahead of the competition.

At DWT 2002, a free one-day exhibition and series of vendor presentations, you'll find innovative trading technology and risk management vendors, plus revolutionary dealing room solutions that will help you stay ahead in this fast-moving market-place. You'll also find everything you need to know about the issues that matter, including real-time data integration, data aggregation, exchanges, trading portals and STP - all under one roof.

Want to attend this FREE event?
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Want to exhibit?
For more information on exhibitor opportunities please contact Nick Hastings, via mailto:nickh@write-image.co.uk or by telephone: +44 (0) 20 7959 5484. Alternatively visit: http://www.dwt-event.com

==========================================================
Technology and Exchanges - 25/1/2002
============================================================
24 January - Icor Brokerage, an over-the-counter electronic forex options trading platform, has seen a trade a day since it was finally launched in Asia on January 16 - more than a year after its initial schedule.

23 January - Omgeo, the global trade management services provider, said 17 firms had signed up to its global straight-through processing platform, Omgeo Central Trade Manager (CTM), a central matching product for domestic and cross-border trades.

22 January - SunGard Trading and Risk Systems, a unit of US financial services supplier SunGard, will offer users of SunGard Transaction Network (STN) Treasury - an online trading platform for forex and money markets - on-demand risk analysis and reporting through its Panorama KnowledgeFactory.

22 January - Euronext is launching six weather indexes for France, called 'NextWeather', as a first step to offering exchange-traded weather derivatives contracts in continental Europe next year.

21 January - Icor Brokerage has launched its online brokerage service for forex options in the Asia-Pacific region, where 14 banks are already hooked up to trade over the system. Six additional Asian banks are set to go live next month.

21 January - Patsystems, the London-based independent software vendor (ISV), will renegotiate a 'substantial' number of unprofitable contracts with clients in its latest strategic review.

21 January - The EBS Partnership today goes live with EBS Trader, its internet-delivered conversational direct-dealing system for spot and forwards foreign exchange, company officials told RiskNews' sister publication FX Week. The service will compete directly with Reuters Dealing 3000 Direct, part of the UK information provider's Dealing 3000 range.

To read more now, click http://www.risknews.net

************************************************************
Did you know that you can register to receive copies of Waters magazine for FREE?

Waters reports on how technology is changing the financial industry - and what the industry needs to do to stay one step ahead of the competition. Each monthly issue delivers dedicated coverage of the most recent developments in financial technology and market data. Visit http://www.watersinfo.com/magazine/applynow for your free copies.

============================================================
People - 25/1/2002
============================================================
24 January - US investment bank Lehman Brothers has lured a 15-person equity barrier options team from rival Credit Suisse First Boston (CSFB) as part of its bid to boost its equity derivatives operations.

23 January - The nascent Professional Risk Managers' International Association (PRMIA), set up by a raft of disgruntled former Global Association of Risk Professionals' (Garp) ex-regional heads, has appointed an interim board.

23 January - Canadian risk software and systems provider Algorithmics has promoted Michael Zerbs, formerly vice-president of research and product marketing, to chief operating officer - a newly created position.

22 January - Deutsche Bank has hired Michel Iskander to head its over-the-counter derivatives structuring business. He will manage a team of about 10 people in the newly created position. He will report to Toshio Okumura, head of the structured products group, and be based in London.

22 January - Barclays Capital, the investment banking unit of the UK's Barclays, has hired Lorenzo Gonzalez Bosco from Bank of America to increase its derivatives origination, syndicated credits and bonds issuance in Mexico.

To read more now, click http://www.risknews.net
------------------------------------------------------------
Don't miss the February issue of Credit magazine - click
http://www.creditmag.com/freeissue to request your free sample copy.

This month we look at the prospects for ABS in 2002, assess e-bond trading and the various platforms and products that are on offer, and how these sit alongside traditional trading methods. Credit also lifts the lid on sell-side ratings advisory services and looks at current issues and trends in this important area of investment banking advice. Our country focus this month is the Nordic region where we examine the outlook for credit this year, profile corporate borrowers from the region and look at how the Scandinavian originated new issue market is taking shape in 2002.

******Be part of the only Credit Analysts survey that counts****
The 2002 Credit Analyst of the Year Awards - Polling begins 1st March
For further information contact Sean O' Callaghan on +44 (0)20 7484 9917,
e-mail mailto:socallaghan@riskwaters.com

============================================================
Events - 25/1/2002
============================================================

Take a look at the Risk Waters Group 2002 event calendar - it's now available online! Register for advanced 'Remind Me' alerts to be notified of specific event details, discount packages and other information at http://www.risk-conferences.com/events - If any of your colleagues or business associates would be interested in any of these events, please forward them this message.

*** LAST CHANCE TO BOOK FOR LONDON - EXCLUSIVE DISCOUNT FOR RISK NEWS READERS***
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Risk magazine's fourth annual operational risk conference.
The third consultative document for the Basel II capital Accord, due to be published this year, will provide a crucial opportunity for financial institutions to understand the growing convergence between quantitative and qualitative approaches to measuring and managing operational risk. OpRisk 2002 is the leading industry forum for operational and operations risk with the world's foremost experts including regulators, practitioners and academics detailing the approaches that can be utilised for efficient economic and regulatory capital allocation.
DISCOUNT - BOOK BETWEEN THE JANUARY 25-28, 2002 AND RECEIVE A 15% DISCOUNT. QUOTE CRXD101/ERN FOR EUROPE and CRXP87/ERN FOR USA
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DWT 2002 - London, 11th April 2002
The global trading and risk management forum.
www.dwt-event.com

***WEBSITE NOW FULLY FUNCTIONAL***
Risk 2002 Europe - Paris, April 23-24, 2002
Risk magazine's 7th annual European derivatives and risk management congress
http://www.risk-conferences.com/risk2002euro/?caller=rn

Energy and Power Risk Management 2002 - Houston, May 14-15, 2002 - Amsterdam, May 28-29, 2002
EPRM magazine's annual congress examining the latest developments in the energy markets
http://www.eprm-conferences.com/eprm2002/?caller=rn

Risk 2002 USA - Boston, June 11-12, 2002
Risk magazine's 8th annual US derivatives and risk management congress
http://www.risk-conferences.com/risk2002usa/?caller=rn

Other useful links:
~ About Risk & EPRM Conferences: http://www.risk-conferences.com/about.htm
~ Event Calendar: http://www.risk-conferences.com/events.htm
~ Event Marketing Information: http://www.risk-conferences.com/marketing.htm
~ Past Event Documentation: http://www.risk-conferences.com/order.htm
~ Risk Special Reports: http://www.risk.net/supplements/supplements.html
~ EPRM Special Reports: http://www.eprm.com/

============================================================

SAMPLE OFFERS
Claim your FREE sample copies of Risk Waters Group magazines and newsletters by clicking below. If your colleagues or business associates would be interested in any of these titles, please forward them a copy of this message. Thanks!

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http://www.risk.net/sample/index.htm

Credit - the only magazine dedicated to coverage of the international credit markets
http://www.creditmag.com/freeissue

Energy & Power Risk Management - the leading risk management guide for the global energy markets
http://www.eprm.com/

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http://www.telecomscapacity.com/index2.htm

M-finance newsletter - an indispensable guide to wireless applications in financial services: http://www.watersinfo.com/news/mf/forms/freeTrial.htm

************************************************************
The Risk Waters World Trade Center Appeal - http://www.riskwaters.com/wtcappeal

This Appeal has been set up for the immediate families of, and any persons financially dependent on, those attending the Risk Waters financial technology conference on the 106th floor of the north tower of the World Trade Center on September 11, 2001, who lost their lives in the terrorist attack. Those attending the conference included many delegates, speakers, sponsors and exhibitors, as well as 16 people working for Risk Waters (UK, EU and US individuals).
The initial trustees of the Appeal Fund will be Peter Field (chairman & chief executive, Risk Waters Group Ltd), Dennis Waters (chairman & chief executive officer, GenomeWeb LLC, and director, Risk Waters Group Ltd) and Andrew Farley (solicitor, Boodle Hatfield, London). Risk Waters Group Ltd will be able to appoint new or additional trustees.
The trustees of the Fund will have discretion over how and to what extent to benefit individual claimants and their decisions will be final. As long as the trustees act honestly and in good faith they will not be legally liable for the exercise of their discretion nor for any loss that may occur to the funds raised, howsoever caused. The Fund will not itself be a charity, but any surplus will be applied for such charitable purposes as the trustees think most appropriate to commemorate those who died.

If you would like to donate to the Fund or find out more information please visit the Risk Waters World Trade Center Appeal website on http://www.riskwaters.com/wtcappeal

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Today's IssueAlert Sponsors:

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May 2, 2001

The Nuclear Future -- A Closer Look at Safety

By Jon T. Brock
Director, Strategic and Competitive Intelligence

[News item from AP] Vice President Dick Cheney says the whole nation could
face blackouts like those that have hit California unless it finds more oil,
natural gas, coal and nuclear energy. He also suggested federal initiatives
to boost the use of hydroelectric dams and the construction of new nuclear
power plants. He called nuclear power "a safe, clean, very plentiful energy
source." Although one-fifth of the nation's electricity is nuclear-generated,
the industry has not sought a government permit to build a new plant in more
than 20 years, since before the accident at Pennsylvania's Three Mile Island.

Analysis:  What a difference a new administration makes. The Clinton
administration was generally thought to be anti-nuclear and EPA lawsuits were
initiated over coal-fired emission violations. Efficiency and load
curtailment was stressed as the answer to any energy crisis. Monday in
Toronto, Vice President Dick Cheney stressed that conservation, while perhaps
"a sign of personal virtue," does not make for sound or comprehensive
policy.  Rather, he supports a supply-side approach of constructing new
fossil- and nuclear-fueled generation plants.  The main concerns with nuclear
generation are, of course, safety and the handling of nuclear waste.
Supporters of nuclear energy, however, believe these risks are worth
managing, especially when compared to the long-term health risks and
potential global climate impact of fossil-fueled generation.

New nuclear generation designs are being developed that are expected to be
inherently safer than predecessor designs.  There is an article running in
today's Wall Street Journal exploring safer reactor designs for the nuclear
power generation industry. The article tells the story of Massachusetts
Institute of Technology (MIT) professor Andrew Kadak challenging his students
at MIT to design a nuclear reactor which doesn't produce carbon dioxide. He
told them it should be cheaper to build and simpler to operate than any
constructed to date, with no possibility of a meltdown. The students must
have done their research quite well as they returned with what is known as a
"pebble-bed" reactor.

A pebble-bed-nuclear reactor is currently under development by a South
African consortium being headed by South African utility Eskom and its South
African partner, the Industrial Development Corporation (IDC). To date, Eskom
and IDC have attracted two international investors in their Pebble Bed
Modular Reactor (PBMR) project. One is British Nuclear Fuel (BNFL) and the
other is better known to the United States as PECO (or Exelon).

The PBMR works by using uranium elements (pebbles) encased in graphite to
form a fuel sphere (about the size of a tennis ball). In addition, helium is
used as the coolant and energy transfer medium to a closed-cycle-gas turbine
and generator. So why is it safer than previous nuclear reactor designs?
According to PBMR, the safety features are described as follows:

"Representative of a new generation of advanced reactors the PBMR is
characterized by a series of inherent safety properties, differentiating it
from other reactor types. It is due to these characteristics that the PBMR do
not require the typical nuclear safety systems to actively guard the plant
for the duration of its operational life. The use of graphite as fuel element
cladding/moderator and core structural material/reflector means that a core
melt situation can be ruled out because of the large difference existing
between the normal, average operating temperature (1095&degC) and the maximum
tolerable temperature (2800&degC)."

To summarize, the PBMR is a safer design because it utilizes fuel pebbles
encased in graphite and makes use of helium as a coolant. Supposedly, this
reduces the threat of a core meltdown to a theoretical zero. Also,
distributed generation enthusiasts should warm to the fact that this design
would be sized to produce about 110MW, which is about 10 percent of the
output of a conventional nuclear or fossil fuel-driven power station.  The
modular approach makes it possible to build smaller nuclear power plants to
serve local needs and to expand them as demand grows.

Nuclear waste has been an issue for some time now in the United States. Yucca
Mountain, located in Nevada is being tested as a suitable site for a spent
nuclear fuel and high-level radioactive waste repository. Experts throughout
the world agree that the most feasible and safe method for disposing of
highly radioactive materials is to store them deep underground. Based on this
consensus, the United States Congress passed the Nuclear Waste Policy Act of
1982 that directs the Department of Energy (DOE) to find a site and
characterize it. If the site is found suitable and a license application is
approved by the Nuclear Regulatory Commission (NRC), the DOE is to build and
operate an underground disposal facility. Yucca Mountain is the current site
under investigation by the DOE.

How much waste are we talking about here? The sources vary on their estimates
of how much highly radioactive material waste exists in the United States.
However, if we take the range of estimates, it would equate to a football
field ranging from fifteen to twenty feet deep. That estimate takes into
account all high level nuclear waste generated in the United States since the
start of a nuclear program in the 1950s. Compared to other hazardous
materials, the amount of nuclear waste generated per year is very small. All
of the nuclear plants in the U.S. produce about 30,000 tons of spent fuel a
year, whereas 300 million tons of chemical waste are generated in the U.S.
per year.

According to an information source managed by the University of
Missouri-Rolla American Nuclear Society, "Nuclear wastes are, for the same
power output, some 3.5 million times smaller in volume than the wastes from
coal plants. High-level nuclear wastes can be disposed of by diluting them
with twice their own volume of neutral materials as they are changed into
glass or ceramic form. The reprocessed waste volume from a 1,000 megawatt
nuclear power plant would fit easily under a typical dining room table. A
coal plant of the same capacity (1,000 megawatts) produces some 10 tons of
waste per minute." And not to bash coal, Vice President Dick Cheney also
informed the Toronto audience that the Bush Administration has budgeted an
additional $150 million for next year -- up from $82 million this year -- to
support development of cleaner coal technologies.  The United States has a
tremendous coal reserve that clearly the current administration believes must
be utilized to meet our growing energy demand.

So where does this lead us? It appears that as the years go by, technology is
improving the environmental effects of our generation sources. Natural gas is
becoming more efficient, coal is getting cleaner, and nuclear is getting
safer. The Bush administration appears to be realizing that fuel diversity is
a good thing for an energy policy. An over-reliance on any one type of fuel
for power generation can cause problems in a crisis situation.

Is nuclear making a comeback in the U.S.? The signposts seem to be inferring
that it is. Just last week a California grassroots watchdog group proposed
plugging nuclear-powered U.S. Navy aircraft carriers into California's power
grid. The power from two of three aircraft carriers now on the West Coast
could provide enough energy to power a minimum of 400,000 homes in the state.
Also, the first demonstration PBMR unit is scheduled for commercial operation
by 2005. Should the test prove successful and the NRC approve the design, we
could be seeing new nuclear reactors in the United States by 2010.

An archive list of previous IssueAlerts is available at
www.scientech.com

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company can schedule a sponsorship of IssueAlert by contacting Nancy Spring
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long-standing reputation as an expert on  energy issues.

Copyright 2001. SCIENTECH, Inc. All rights  reserved.


---------------------- Forwarded by Steven J Kean/NA/Enron on 07/05/2001
07:29 AM ---------------------------
From: Michelle Robichaux@EES on 07/02/2001 12:32 PM
To: Steven J Kean/NA/Enron@Enron
cc: Marcus Dotson/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES

Subject: RE: CA Customers

Tricon works extremely close with Retailer's Association.  Tricon suggested
we contact the President of the CA Retailer's Association for assistance.

Michelle
---------------------- Forwarded by Michelle Robichaux/HOU/EES on 07/02/2001
12:29 PM ---------------------------

"Main, Joe" <Joe.Main@Tricon-Yum.Com> on 07/02/2001 12:28:00 PM
To: "\"Michelle Robichaux\" " <mrobicha@enron.com>
cc: "Fister, Marcus" <Marcus.Fister@Tricon-Yum.Com>, "Riendeau, Brian"
<Brian.Riendeau@Tricon-Yum.Com>
Subject: RE: CA Customers

Michelle,
We have not been called to testify. We work with Bill Dombrowski, President
of
California Retailer's Assoc. Your California govt. relations person could
reach
Bill at 916-443-1975 to see if other commercial customers were called.
Joe
______________________________ Reply Separator
_________________________________
Subject: CA Customers
Author:  "Michelle Robichaux" <SMTP:mrobicha@enron.com> at Dallas
Date:    07/02/2001 10:38 AM

CA customers called to testify in favor of DA.  Have you been asked to
participate???

 (Embedded     Enron Energy Services
 image moved
 to file:      From:  Mark Courtney
 pic16804.pcx) 07/02/2001 10:25 AM
               Phone No:    713-853-6368 Office
                       713-646-8913 Fax
                       877-596-2409 Pager
                       EB 744

To:   Michelle Robichaux/HOU/EES@EES, Mary Jo Johnson/HOU/EES@EES
cc:
Subject:  Re: Customers

---------------------- Forwarded by Mark Courtney/HOU/EES on 07/02/2001
10:24 AM
---------------------------

Scott Gahn
07/02/2001 07:53 AM

To:   Mark Courtney/HOU/EES@EES
cc:
Subject:  Re: Customers

---------------------- Forwarded by Scott Gahn/HOU/EES on 07/02/2001 07:53
AM
---------------------------

Dan Leff
07/02/2001 07:32 AM

To:   Steven J Kean/NA/Enron@ENRON, Michael Mann/HOU/EES@EES, Jeremy
      Blachman/HOU/EES@EES, Angela Schwarz/HOU/EES@EES, Gayle W
      Muench/HOU/EES@EES, Craig H Sutter/HOU/EES@EES, Scott
Gahn/HOU/EES@EES,
      Greg Sharp/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Peggy
      Mahoney/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Kevin
Keeney/HOU/EES@EES,
      Marty Sunde/HOU/EES@EES, Eric Letke/HOU/EES@EES, James D
      Steffes/NA/Enron@Enron, Richard L Zdunkewicz/HOU/EES@EES, James M
      Wood/HOU/EES@EES, Elizabeth Tilney/HOU/EES@EES
cc:   David W Delainey/HOU/EES@EES, Janet R Dietrich/HOU/EES@EES
Subject:  Re: Customers  (Document link: Scott Gahn)

Steve - Thank you.

Team - FYI and action. Probably best to coordinate with Steffes / Mahoney.

Thanks - Dan

Steven J Kean@ENRON
06/30/2001 07:24 AM

To:   Dan Leff/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES
cc:
Subject:  Customers

You may want to forward this to your customers.
---------------------- Forwarded by Steven J Kean/NA/Enron on 06/30/2001
07:23
AM ---------------------------

Scott Govenar <sgovenar@govadv.com> on 06/28/2001 04:51:56 PM

To:   Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen
      <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
      <smara@enron.com>, Paul Kaufman <paul.kaufman@enron.com>, Michael
McDonald
      <Michael.McDonald@enron.com>, Rick Shapiro <rshapiro@enron.com>, Jim
      Steffes <james.d.steffes@enron.com>, Alan Comnes <acomnes@enron.com>,
      Steven Kean <Steven.J.Kean@enron.com>, Karen Denne <kdenne@enron.com>,

      "Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>, Leslie Lawner

      <Leslie.Lawner@enron.com>, Robert Frank <rfrank@enron.com>, Ken Smith
      <ken@kdscommunications.com>, Janel Guerrero
<Janel.Guerrero@enron.com>,
      Miyung Buster <Miyung.Buster@enron.com>, Jennifer Thome
      <Jennifer.Thome@enron.com>, Eric Letke <eletke@enron.com>, Mary Schoen

      <Mary.Schoen@enron.com>, David Leboe <David.Leboe@ENRON.com>, Ban
Sharma
      <ban.sharma@enron.com>
cc:

Subject:  Customers

The California Chamber of Commerce received a call from someone at the
CPUC who requested that they send as many customers as possible to
testify at Tuesday's hearing in favor of direct access.   The Chamber
has requested the same thing of Enron.

----------------------------
This communication is confidential and may be legally privileged.  If you
are not the intended recipient, (i) please do not read or disclose to
others, (ii) please notify the sender by reply mail, and (iii) please delete
this communication from your system.  Failure to follow this process may be
unlawful.  Thank you for your cooperation.
----------------------------


tab one is for 2001 tab two is 2002.  Let me know if there is something else.

 -----Original Message-----
From: 	Botello, Mary
Sent:	Tuesday, November 27, 2001 2:45 PM
To:	Geaccone, Tracy
Subject:	Cap file for TW


Enron is proud to be a major sponsor of the galleryfurniture.com Bowl!

Don't miss your chance to witness college football history, as bowl fever
hits the City of Houston with the inaugural galleryfurniture.com Bowl game
Wednesday, December 27, 2000 at the Houston Astrodome. This is your
opportunity to see the Big XII Conference face off against Conference USA!

This Friday, December 1st at the Big E' Caf,, Community Relations will be
selling discounted tickets for $8 to all Enron employees from 11:30 am- 1:00
pm (no limit).
The purchase of a game ticket will also make a difference in the lives of
thousands. All proceeds from ticket sales will go to AIDS Foundation Houston
(AFH) Investment of a Lifetime program, which benefits Houstonians with life
threatening illnesses.
Everyone who purchases a ticket Friday will also receive a coupon for a
complimentary Chick-Fil-A sandwich, and will have the opportunity to pick-up
FREE bowl game merchandise the from the galleryfurniture.com Bowl promotion
truck.  In addition, Gallery Furniture will have a special offer to Enron
employees to register to win a brand new 36-inch Color TV!
Don't miss out on all the exciting action and being a part of Houston Bowl
Fever!


You've got a shockwave.com Greeting Card, an animated message
from beth

Click here to pick it up:
http://www.shockwave.com/rd/gc.cgi?98408044244607&fat01
(or copy and paste the above address into your browser.)

And be sure to turn up your volume!

No trees were killed, no ozone-depleting vehicles were used to
rush you this multimedia salutation. Proof that beth
really cares - and is fiscally responsible, because shockwave.com's
animated greetings are always FREE.

NOTE: shockwave.com takes no responsibility for personalized
content sent with shockwave.com Greeting Cards.

To create your own cards, go to
http://www.shockwave.com/greetings

shockwave.com - Time is precious. Waste it wisely.


I was busy yesterday and just got back from UBS meeting.  Will start working on this now.

-----Original Message-----
From: Miller, Don (Asset Mktg)
Sent: Tuesday, January 22, 2002 6:36 PM
To: Theriot, Kim S.; Cheung, Cecilia
Cc: Mulvany, Patrick; Gossett, Jeffrey C.; Shackleton, Sara; Brackett, Debbie R.
Subject: RE: termination list for deals to be moved to bankruptcy book

This should help clean things up a lot.  Please let me know when they have been removed, such that I can get credit to rerun the list of active deals.  It would be great if it is ready early tomorrow as I would like my guy to create the spreasheet with gas/power/crude/etc/total for our meeting tomorrow.

Don

-----Original Message-----
From: Theriot, Kim S.
Sent: Tue 1/22/2002 5:50 PM
To: Cheung, Cecilia
Cc: Mulvany, Patrick; Gossett, Jeffrey C.; Miller, Don (Asset Mktg)
Subject: RE: termination list for deals to be moved to bankruptcy book

For clarification, the request below is to move active Natural Gas Financial Transactions as of 12/1/01 to the Bankruptcy Book.

Kim

 -----Original Message-----
From:   Mulvany, Patrick
Sent:   Tuesday, January 22, 2002 3:58 PM
To:     Cheung, Cecilia
Cc:     Gossett, Jeffrey C.; Theriot, Kim S.; Miller, Don (Asset Mktg)
Subject:        termination list for deals to be moved to bankruptcy book

Cecilia,

Here is the list of Counterparties that have been requested:

CP ID        Counterparty

504          Alabama Gas Corporation
8            Amerada Hess Corporation
64516        Avista Corporation
55265        Avista Energy, Inc.
68247        Bankers Trust International PLC
65291        BP Corporation North America Inc.
410          Burlington Resources, Inc.
23848        Cabot Oil & Gas Marketing Corporation
79689        Calpine Energy Services, L.P.
5264         Cargill, Incorporated
881          Central Illinois Light Company
65599        CMS Field Services Inc.
69           Columbia Energy Services Corporation
56630        Consolidated Energy Solutions, Inc.
26427        Consumers Gas Company, LTD.
74362        Continental Gas, Inc.
52577        Cornerstone Propane, L.P.

1424    Florida Power Corporation
55109   Hess Energy Trading Company LLC
3796    Hunt Petroleum Corporation
1901    Kaztex Energy Management Inc.
2094    Marathon Oil Company
53782   National Energy & Trade, L.L.C.
5563    New York Mercantile Exchange
64141   NJR Energy Services Company
155     Noble Gas Marketing Inc.
151     Northern Illinois Gas Company
69121   NRG Power Marketing Inc.
63665   Occidental Energy Marketing, Inc.
54438   PG&E Energy Trading, Canada Corporation
58402   PG&E Energy Trading-Gas Corporation
46709   Phibro Inc.
55776   Pioneer Natural Resources USA, Inc.
33367   PMI Trading, LTD
49262   Questar Energy Trading Company
65268   Reliant Energy Services, Inc.
187     San Diego Gas & Electric Company
103469  Sequent Energy Management, L.P.
3996    Sithe Energies, Inc.
26146   Societe Generale
11134   St. Mary Land & Exploration Company
3022    Texaco Natural Gas Inc.
81385   The New Power Company
37810   Venoco, Inc.
96651   Vitol Capital Management Ltd.
46924   Vitol S.A.
232     Western Gas Resources, Inc.
237     Wisconsin Power And Light Company