----- Forwarded by Dan J Hyvl/HOU/ECT on 04/10/2001 10:03 AM -----

	"Smith, Charles" <Charles.Smith@alcoa.com>
	04/10/2001 09:50 AM

		 To: "BETTYE L. (E-mail)" <blanghem@anthonysylvan.com>, "Rowan, Brenda"
<Brenda.Rowan@alcoa.com>, "Christopher Beasley (E-mail)" <CLB1@valmont.com>,
"Dan J Hyvl (E-mail)" <Dan.J.Hyvl@enron.com>, "Doris (E-mail)"
<muleman1@earthlink.net>, "Jan (E-mail)" <janmcdonald@earthlink.net>,
"Jennifer (E-mail)" <jhefti1528@aol.com>, "Frei, Laura (ISC at Alcoa)"
<Laura.Frei@alcoa.com>, "Leroy Phillips (E-mail)" <dimedollar@hotmail.com>,
"Matous, Walter" <MatouW@alcoa.com>
		 cc:
		 Subject: FW: (Fwd) (Fwd) FW: READ THIS ALONE!!!! Especailly the last part!

-----Original Message-----
From: Gensler, Christina
Sent: Tuesday, April 10, 2001 8:22 AM
To: 'Abel, Kelli'; 'Candace Moreno'; 'Carmen Cortinaz'; 'Carmen Vega';
'Cecilia Sherman'; Smith, Charles; 'Christina Jimenez'; 'eva rivera';
'jenn'; 'Kelli R Timmerman'
Subject: FW: (Fwd) (Fwd) FW: READ THIS ALONE!!!! Especailly the last
part!

Date: Friday, March 23, 2001 10:15AM

 << I am sending this for the meaning of the
> > >>>>>> >> > >
> > >>>>>> >> > >  letter...it does
> > >>>>>> >> > >
> > >>>>>> >> > >   make sense and we should take the time every day
> > >>>>>> >> > >
> > >>>>>> >> > >   to do what is says.
> > >>>>>> >> > >
> > >>>>>> >> > >   Whether you believe in the cases or not, that is
> > >>>>>> >> > >
> > >>>>>> >> > >   up to you.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >  READ ALONE.....ESPECIALLY THE LAST PART
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >   CASE 1:  Kelly Sedey had one wish, for her
> > >>>>>> >> > >
> > >>>>>> >> > >    boyfriend
> > >>>>>> >> > >
> > >>>>>> >> > >  of three years, David Marsden, to propose to her.
> > >>>>>> >> > >
> > >>>>>> >> > >   Then one day
> > >>>>>> >> > >
> > >>>>>> >> > >   when she was out to lunch David proposed!  She
> > >>>>>> >> > >
> > >>>>>> >> > >  accepted, but then had to
> > >>>>>> >> > >
> > >>>>>> >> > >   leave
> > >>>>>> >> > >
> > >>>>>> >> > >  because she had a meeting in 20 min.  When she got
> > >>>>>> >> > >
> > >>>>>> >> > >  to her office, she
> > >>>>>> >> > >
> > >>>>>> >> > >   noticed on
> > >>>>>> >> > >
> > >>>>>> >> > >   her computer she had e-mail.  She checked it, the
> > >>>>>> >> > >
> > >>>>>> >> > >   usual stuff from her
> > >>>>>> >> > >
> > >>>>>> >> > >   friends,
> > >>>>>> >> > >
> > >>>>>> >> > >    but then she saw one that she had never gotten
> > >>>>>> >> > >
> > >>>>>> >> > >   before. It was this
> > >>>>>> >> > >
> > >>>>>> >> > >   letter.  She simply
> > >>>>>> >> > >
> > >>>>>> >> > >   deleted it without even reading all of it. BIG
> > >>>>>> >> > >
> > >>>>>> >> > >   MISTAKE!
> > >>>>>> >> > >
> > >>>>>> >> > >   Later that evening, she received a phone call from
> > >>>>>> >> > >
> > >>>>>> >> > >  the police. It was
> > >>>>>> >> > >
> > >>>>>> >> > >    about DAVID!
> > >>>>>> >> > >
> > >>>>>> >> > >    He had been in an accident with an 18 wheeler.
> > >>>>>> >> > >
> > >>>>>> >> > >   He didn't survive.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >  CASE 2:  Take Katie Robbenson.
> > >>>>>> >> > >
> > >>>>>> >> > >  She received this letter and being the believer
> > >>>>>> >> > >
> > >>>>>> >> > >    that she was, she sent it
> > >>>>>> >> > >
> > >>>>>> >> > >    to a few of her
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >   friends but didn't have enough e-mail addresses to
> > >>>>>> >> > >
> > >>>>>> >> > >   send out the full 10
> > >>>>>> >> > >
> > >>>>>> >> > >   that you must.
> > >>>>>> >> > >
> > >>>>>> >> > >   Three days later, Katie went to a masquerade ball.
> > >>>>>> >> > >
> > >>>>>> >> > >   Later that night when she left to get to her car
> > >>>>>> >> > >
> > >>>>>> >> > >    to go home, she was
> > >>>>>> >> > >
> > >>>>>> >> > >    killed
> > >>>>>> >> > >
> > >>>>>> >> > >    on the spot by a hit-and-run drunk driver.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >   CASE 3:
> > >>>>>> >> > >
> > >>>>>> >> > >   Richard S. Willis sent this letter out within 45
> > >>>>>> >> > >
> > >>>>>> >> > >   minutes of reading it.
> > >>>>>> >> > >
> > >>>>>> >> > >   Not even 4 hours later walking along the
> > >>>>>> >> > >
> > >>>>>> >> > >   street to his new job interview with a really big
> > >>>>>> >> > >
> > >>>>>> >> > >  company, when
> > >>>>>> >> > >
> > >>>>>> >> > >   he ran into Cynthia Bell, his secret love for 5
> > >>>>>> >> > >
> > >>>>>> >> > >   years.
> > >>>>>> >> > >
> > >>>>>> >> > >  Cynthia came up to him and told him of her
> > >>>>>> >> > >
> > >>>>>> >> > >   passionate crush on him
> > >>>>>> >> > >
> > >>>>>> >> > >  that she had had on him   for 2 years.  Three days
> > >>>>>> >> > >
> > >>>>>> >> > >   later, he
> > >>>>>> >> > >
> > >>>>>> >> > >   proposed to her and they got married. Cynthia and
> > >>>>>> >> > >
> > >>>>>> >> > >   Richard are still
> > >>>>>> >> > >
> > >>>>>> >> > >    married with three children, happy as ever!
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >    This is the letter:
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >          Around the corner I have
> > >>>>>> >> > >
> > >>>>>> >> > >    a friend,
> > >>>>>> >> > >
> > >>>>>> >> > >           In this great city
> > >>>>>> >> > >
> > >>>>>> >> > >  that has no end,
> > >>>>>> >> > >
> > >>>>>> >> > >           Yet the days go by
> > >>>>>> >> > >
> > >>>>>> >> > >   and weeks rush on,
> > >>>>>> >> > >
> > >>>>>> >> > >          And before I know
> > >>>>>> >> > >
> > >>>>>> >> > >   it, a year is gone.
> > >>>>>> >> > >
> > >>>>>> >> > >           And I never see my
> > >>>>>> >> > >
> > >>>>>> >> > >   old friends face,
> > >>>>>> >> > >
> > >>>>>> >> > >          For life is a swift
> > >>>>>> >> > >
> > >>>>>> >> > >   and terrible race,
> > >>>>>> >> > >
> > >>>>>> >> > >           He knows I like him
> > >>>>>> >> > >
> > >>>>>> >> > >   just as well,
> > >>>>>> >> > >
> > >>>>>> >> > >          As in the days when
> > >>>>>> >> > >
> > >>>>>> >> > >  I rang his bell.
> > >>>>>> >> > >
> > >>>>>> >> > >           And he rang mine if,
> > >>>>>> >> > >
> > >>>>>> >> > >   we were younger then,
> > >>>>>> >> > >
> > >>>>>> >> > >            And now we are busy,
> > >>>>>> >> > >
> > >>>>>> >> > >  tired men.
> > >>>>>> >> > >
> > >>>>>> >> > >           Tired of playing a
> > >>>>>> >> > >
> > >>>>>> >> > >   foolish game,
> > >>>>>> >> > >
> > >>>>>> >> > >         Tired of trying to
> > >>>>>> >> > >
> > >>>>>> >> > >   make a name.
> > >>>>>> >> > >
> > >>>>>> >> > >           "Tomorrow" I say "I
> > >>>>>> >> > >
> > >>>>>> >> > >   will call on Jim"
> > >>>>>> >> > >
> > >>>>>> >> > >        "Just to show that
> > >>>>>> >> > >
> > >>>>>> >> > >  I'm thinking of him."
> > >>>>>> >> > >
> > >>>>>> >> > >         But tomorrow comes
> > >>>>>> >> > >
> > >>>>>> >> > >   and tomorrow goes,
> > >>>>>> >> > >
> > >>>>>> >> > >     And distance between
> > >>>>>> >> > >
> > >>>>>> >> > >   us grows and grows.
> > >>>>>> >> > >
> > >>>>>> >> > >        Around the corner!-
> > >>>>>> >> > >
> > >>>>>> >> > >   yet miles away,
> > >>>>>> >> > >
> > >>>>>> >> > >           "Here's a telegram
> > >>>>>> >> > >
> > >>>>>> >> > >   sir"  "Jim died today."
> > >>>>>> >> > >
> > >>>>>> >> > >      And that's what we
> > >>>>>> >> > >
> > >>>>>> >> > >   get and deserve in the
> > >>>>>> >> > >
> > >>>>>> >> > >    end.
> > >>>>>> >> > >
> > >>>>>> >> > >          Around the corner, a
> > >>>>>> >> > >
> > >>>>>> >> > >   vanished friend.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >     Remember to always say what you mean.
> > >>>>>> >> > >  If you love
> > >>>>>> >> > >
> > >>>>>> >> > >  someone, tell them.
> > >>>>>> >> > >
> > >>>>>> >> > >   Don't be afraid to express yourself. Reach out and
> > >>>>>> >> > >
> > >>>>>> >> > >   tell someone what they mean to you. Because when
> > >>>>>> >> > >
> > >>>>>> >> > >  you decide that it
> > >>>>>> >> > >
> > >>>>>> >> > >   is the right time it might be too late.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >   Seize the day. Never have regrets.  And most
> > >>>>>> >> > >
> > >>>>>> >> > >   importantly, stay
> > >>>>>> >> > >
> > >>>>>> >> > >   close to your friends and family, for they have
> > >>>>>> >> > >
> > >>>>>> >> > >   helped make you
> > >>>>>> >> > >
> > >>>>>> >> > >   the person that you are today.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >    You must send this on in 3 hours after reading
> > >>>>>> >> > >
> > >>>>>> >> > >   the letter
> > >>>>>> >> > >
> > >>>>>> >> > >   to 10 different people.
> > >>>>>> >> > >
> > >>>>>> >> > >   If you do this, you will receive unbelievably good
> > >>>>>> >> > >
> > >>>>>> >> > >   luck in love.
> > >>>>>> >> > >
> > >>>>>> >> > >   The person that you are most attracted to will
> > >>>>>> >> > >
> > >>>>>> >> > >   soon
> > >>>>>> >> > >
> > >>>>>> >> > >   return your feelings.
> > >>>>>> >> > >
> > >>>>>> >> > >   If you do not, bad luck will rear it's ugly
> > >>>>>> >> > >
> > >>>>>> >> > >   head at you.
> > >>>>>> >> > >
> > >>>>>> >> > >    THIS IS NOT A JOKE!
> > >>>>>> >> > >
> > >>>>>> >> > >   You have read the warnings, seen the cases,
> > >>>>>> >> > >
> > >>>>>> >> > >   and the consequences.
> > >>>>>> >> > >
> > >>>>>> >> > >  You MUST send this on or face dreadfully bad luck.
> > >>>>>> >> > >
> > >>>>>> >> > >
> > >>>>>> >
> > >>>>>> >> > >
> > >>>>>> >> > >   *NOTE*  The more people that you send this to, the
> > >>>>>> >> > >
> > >>>>>> >> > >   better luck you will
> > >>>>>> >> > >
> > >>>>>> >> > >    have. >>
>


Sara,

As I find these, should I ask you or Susan Bailey?  I spoke with Alabama Gas Corp and their council today.  They said that any agreements were terminated as of 12/04/01.  Do you concur?  If you do, I will take them off of our list.

Mike Bridges


Hi Sara,

     Since Enron prepared the ISDA Master Agreement referenced above, we do
     not have an electronic version on file.  Could you arrange to forward
     to me via e-mail the "Schedule 1" Irrevocable Transferable Standby
     Letter of Credit Format?

     Thank you for your assistance and I look forward to receiving it.

     Regards,
     Marty Oelmann


John- I think that Mark Haedicke talked to Sam about this but I wanted to follow up. We want to make sure that Sam is available to Enron as well and that his representation of Idaho Power does not infringe on work we might want him to do.

 -----Original Message-----
From: 	"JOHN KLAUBERG" <JKLAUBER@LLGM.COM>@ENRON [mailto:IMCEANOTES-+22JOHN+20KLAUBERG+22+20+3CJKLAUBER+40LLGM+2ECOM+3E+40ENRON@ENRON.com]
Sent:	Tuesday, June 26, 2001 11:24 AM
To:	Haedicke, Mark E.; Sanders, Richard B.
Cc:	SAMUEL BEHRENDS
Subject:	Fwd: Idaho Power

Mark & Richard:  I am attaching an e-mail from one of my partners who has been asked to assist Idaho Power in the context of the ongoing FERC proceedings being run by ALJ Wagner.  It would not appear to me that there would not be a conflict problem with us handling this engagement for Idaho Power, but I thought Richard would be closer to the proceedings (and the likely stances of the various players) and may have better insights that me on this issue at this point.  Sam Behrends would probably be handling most of the work from the LeBoeuf side.  Since, as I understand it, we got the call from Idaho Power on Sunday night and the proceedings commenced yesterday, I would appreciate it if you could let me know whether you are comfortable with us taking on this assignment as quickly as you can.  Thanks very much.  John

John Klauberg
LeBoeuf, Lamb, Greene & MacRae, L.L.P.
212 424-8125
john.klauberg@llgm.com

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================
Content-Transfer-Encoding: quoted-printable
Date: Mon, 25 Jun 2001 12:57:24 -0400
From: "LAWRENCE ACKER" <LACKER@LLGM.COM>
To: "JOHN KLAUBERG" <JKLAUBER@LLGM.COM>
cc: "BRIAN O'NEILL" <BONEILL@LLGM.COM>,	"SUE KEMPLER" <CKEMPLER@LLGM.COM>,	"ELIZABETH POWERS" <EPOWERS@LLGM.COM>,	"STEVEN DAVIS" <SDAVIS@LLGM.COM>
Subject: Idaho Power
MIME-Version: 1.0
Content-Type: text/plain; charset="us-ascii"
Content-Disposition: inline

John-
Further to our discussion regarding participation on behalf of Idaho Power in the FERC dockets (EL00-95-031, et al), after their call to me this weekend.  Their interest focuses on sales into and purchases from the ISO and the PX, substantial portions of which remain unpaid.  The sales at issue are not from their own generation but are as a marketer.  Idaho expects to assert that marketer sales must take into account more than the simple price of procurement, but also associated costs and a margin.  Conditions that enhance the creditworthiness of purchasers also are likely to be on Idaho's agenda.  The foregoing is provided solely to assure that Enron will not interpose any objection to our role on behalf of Idaho.  I attended the morning session of the settlement conference before Judge Wagner as an observer, pending completion of our formal procedures.  Bear in mind that Dan Watkiss of Bracewell & Patterson appeared on behalf of the involved Enron subsidiaries.  Understandably Idaho would like our position confirmed at the earliest possible time, as they already had to release their traditional FERC counsel.
Larry Acker

This e-mail, including attachments, contains privileged and confidential, non-public information.  It is intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please notify me and delete this e-mail, including attachments.  The unauthorized use, distribution or reproduction of this material is prohibited and may be unlawful. T
 hank you for you consideration.

Lawrence G. Acker
1875 Connecticut Avenue, NW
Suite 1200
Washington, DC  20009-5728
202-986-8016
fax 202-986-8147
e-mail: lacker@llgm.com


Karen,

Please send me the revised version with the language you believe reflects
Rusty's suggestion. Otherwise, I will have to go to Accounting twice.

Please email me with the specific performance language you want to add to
meet their request.

Thank you,

Kay


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

Thanks again,
Kate

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

Subject: Incorrect Counterparties

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

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


FYI.  Attached is the CAISO Market Surveillance Committee Report on Price
Spikes.  This was the basis of Frank Wolaks presentation to the CAISO Board
yesterday.  Also, the CAISO Board voted out most of the Comprehensive Market
Reform package, while deferring until October many issues surrounding the
procurement of Local Reliability Services (e.g. the 2-day ahead market).
Katie will be summarizing and distributing later today what was voted out,
what was deferred.

----- Original Message -----
From: andy brown <andybrwn@earthlink.net>
To: Steven Kelly <steven@iepa.com>; Katie Kaplan <kaplan@iepa.com>;
<smutny@iepa.com>
Sent: Friday, September 08, 2000 12:21 AM
Subject: CAISO Report on Price Spikes

> I've not reviewed, but noticed this today.  Dated the 6th.  Link is
> http://www.caiso.com/docs/09003a6080/07/dc/09003a608007dc78.pdf
>


Nymex expiration is during this time frame.  Please reschedule.


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/04/2000
04:38 PM ---------------------------

	From:  Ted C Bland                           08/04/2000 02:23 PM

To: David Oxley/HOU/ECT@ECT, Sally Beck/HOU/ECT@ECT, Raymond
Bowen/HOU/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Tim Belden/HOU/ECT@ECT,
Max Yzaguirre/NA/Enron@ENRON, Rob Milnthorp/CAL/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, George McCormick/HOU/ECT@ECT, Jeff Donahue/HOU/ECT@ECT,
Heather Kendall/HOU/ECT@ECT, Gary Hickerson/HOU/ECT@ECT, Jesus
Melendrez/Corp/Enron@Enron, Rodney Malcolm/HOU/ECT@ECT, Kevin
McGowan/Corp/Enron@ENRON, Jere C Overdyke/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Tom Shelton/HOU/ECT@ECT, Bryan Burnett/HOU/ECT@ECT,
Vince J Kaminski/HOU/ECT@ECT
cc: Mark Frevert/NA/Enron@Enron, David W Delainey/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, Tim O'Rourke/Corp/Enron@Enron, Sheila
Walton/HOU/ECT@ECT, Hoyt Thomas/NA/Enron@Enron, Cindy Skinner/HOU/ECT@ECT,
Fran L Mayes/HOU/ECT@ECT, Dave Hill/Corp/Enron@Enron
Subject: Initial meeting to kick off ENA Analyst and Associate Roundtable

We will kick off the initial meeting of the ENA AA Roundtable on Friday,
August 18th at 9:00am in Room EB30C1.  Items on the agenda will include the
following:

Discussion on PRC
Immediate and future Analyst and Associate needs by business unit
Skill shortages
Campus and off-cycle recruitment
Botton 10% management
Projecting AA needs from core schools for Summer 2001intake
Existing talent in specialiast roles who should be in AA Program
Ideas/suggestions on how we improve the Program/ENA retention

Also, please be prepared to present a list of your current AA's with start
and rotation dates.  Chris, Tim, Rob and Max - if you will send me the data I
will represent your interests at the meeting.  Thanks again for all your
support.  Ted


Mary:

I would like to discuss seminars in Europe to further promote the isda form
among energy companies on the continent.  Please give me a ring at your
convenience.

Regards,

Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/27/2001 10:48 AM -----

	Mark Evans
	04/27/2001 04:59 AM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: ISDA SEMINARS

Mark,

Enron Europe's experience is that there is some resistance to ISDA
documentation in most of the European countries in which we are active. Our
list of countries which we feel would benefit from promotional sessions
arranged by ISDA is as follows. The countries are in order ranked by Enron
Europe's view of the significance of the market in each country and where
ISDA resistance is strongest. Most significant market and most resistance
ranked at the top of the list for both Europe and the Far East:

Europe
Germany
Switzerland
Austria
Spain
Nordic countries: Denmark, Norway, Sweden, Finland
Netherlands
Italy
France
Poland
Czech Republic
Hungary

Far East
Singapore
Japan
Hong Kong

Thanks

     Mark


FYI
---------------------- Forwarded by James Derrick/Corp/Enron on 12/06/2000
07:14 PM ---------------------------
From: Charles Cheek on 12/06/2000 03:19 PM
To: Vicki Sharp/HOU/EES@EES
cc: James Derrick/Corp/Enron@ENRON

Subject: Service of Process

I understand that outside counsel selection is moving forward, but I wanted
you and Jim to know that we would be pleased to assist you and outside
counsel.

For example, through the San Juan Gas litigation, we have developed and have
in place the systems and personnel to manage massive document productions,
extensive pleadings files and indices, and plaintiff databases. These systems
have scanning, spreadsheet  and report capabilities. If any or all of these
tools could be of benefit to your team, please let me know.
----- Forwarded by Charles Cheek/Corp/Enron on 12/06/2000 03:04 PM -----

	Gay Arnold
	12/06/2000 02:34 PM

		 To: Vicki Sharp/HOU/EES@EES
		 cc: Charles Cheek/Corp/Enron@ENRON
		 Subject: Service of Process

The following documents, received today by courier from CT Corp., have been
forwarded for your immediate review and consideration:

  Case No. GIC758565 ) Ruth Hendricks, et al. vs. Dynergy Power Marketing,
Inc., et al., including Enron Energy Services, Inc., Superior Court of
California, County of San Diego - Summons, Class Action Complaint, Civil Case
Cover Sheet, Notice of Case Assignment, Notice to Litigants; Service on Enron
Energy Services, Inc. (Enron Power Marketing, Inc. is being served
concurrently on this matter also)

IF YOU DO NOT RECEIVE THEM WITHIN 1 BUSINESS DAY, PLEASE ADVISE.


Jaime, further to our conversations earlier. I look forward to our proposed meeting and will coordinate efforts with Stephanie Miller to prepare for ENA's discussion items.  I have decided for at least the next week or so to defer my travel plans ( I am not the best flyer at the best of times ).. As such, we should work towards the end of the month as a timeline for us to come down.

We can nail down specific dates soonest.

BT


No problem.  Do not worry about my previous requests.

Stacey

 -----Original Message-----
From: 	Yang, Zhiyun
Sent:	Wednesday, December 05, 2001 11:07 AM
To:	White, Stacey W.; Chang, Fran
Subject:	reports need to be restored

Dear Stacey and Fran:

  Both of you have asked me to restore some portcalc reports, some of the request was due back to even early this year.  I submitted all those request to the Unix team, but due to what happened to the company recently, apparently things are not kept in track very well and some people who used to work on the restoration has left without leaving a clear status notification.

  I was asked by the Unix group to put together all the reports that still need to be restored and submit it to them again.  I'm wondering if you can provide me with a current list.

  I'm very sorry that I have to ask you to do this, but I think by putting together a complete list and getting rid of those we no longer need, we can get things done in the shortest time.

  Thanks a lot.

- Zhiyun


I have reserved 39C1 from 10:00 - 11:00 Friday, January 26 to discuss our strategy and assignments for the operating committee meeting now tentatively scheduled for Wednesday, February 21 in Orlando.  Please advise if this time does not work for you.


According to his deposition, Kevin is "exploring other opportunities."
----- Forwarded by Richard B Sanders/HOU/ECT on 06/05/2001 05:48 AM -----

	showard@agsk.com 05/22/2001 10:57 PM 	   To: Richard.B.Sanders@enron.com  cc:   Subject: McConville's transcript

see below

Dinner was great.
                                                                                ................................................

ALSCHULER GROSSMAN STEIN & KAHAN LLP
ATTORNEYS AT LAW
www.agsk.com

2049 Century Park East
Thirty-Ninth Floor
Los Angeles, CA 90067-3213
Tel 310-277-1226
Fax 310-552-6077

This transmission is intended only for the use
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that is privileged, confidential and exempt from
disclosure under applicable law. If you are not
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you don't think the saints will make the playoffs now?  just this past
weekend you were telling me that your in depth analysis led you to conclude a
playoff berth for the saints.  you don't want to back up those statements
after the saints preseason opener?  it sounds like every saint fan in august:
predicting the playoffs in august and wearing a paperbag on your head by week
5.


Please let me know if you have any changes.

Thanks,
Joannie
3-1769


Energy Committee:

Here are the minutes from last week's EC meeting, along with Mukesh's 'High
Reliability Option under RTP tariff filing with CPUC' memo, the 'proposed
outline for the SVMG / NRDC joint report', and the 'return on investment for
Dr. Barbara Barkovich'.

 - NRDC-SVMG Rpt Outline for EC.doc
 - Energy Committee Meeting Minutes 7.11.doc
 - Memo to pge 071101.doc
 - return on investment for Dr Barkovich 1st half of 2001.doc
 - return on investment for Dr Barkovich 1st half of 2001.doc


Do you guys know which books each of your people will be doing?  There is a column for that in the trader matrix under the controls folder.  Ramesh will be loading our information into risktrac for us once we have all of the information, book admin id is one of the fields he needs.

When you have decided can you please input that into the trader matrix and I'll then forward everything to Ramesh.

Thanks

Kam


Dear Joannie:

Dan Hutton just  contacted me and mentioned you'd be willing to forward this letter to the  appropriate IT development group(s) within Enron. While we offer incredible  programming services, we have had some difficulty in reaching the appropriate  parties within Enron.

Thank you very much for your assistance. If  you have any questions about our services, please contact me at  (512)917-6509.

Kind regards,

Jim Yang

 - Jim Yang (jimyang@vergenet.com).vcf
 - Enronv2.doc


10/4-10/5  UT interviews

10/9-10/10  Chicago Office

10/12-10/13  Vacation


Please find below the weekly project status update for GTV and the attached file for the updated project timeline. Changes are underlined.

GTV status meeting attendees: Thu Dang, Nayan Dattani, Bill Fortney, Jeff Gossett, George Grant, Brad Jones, Jay Krish, Francis Lim, Russ Severson, Geoff Storey, Michael Swaim, Zhiyong Wei, Jeremy Wong.

Accomplishments:
?	GTV2 Phase 1 items
o	Released to production.
?	Saving different views in TDS:
o	Released to production.
?	Capability for desk roll-ups on an ad hoc basis (phase 2, on hold since 7/9/01):
o	New process for roll-up aggregators has been completed.
?	Option Grid (phase 2):
o	Released to production.
?	Gas Daily options (phase 2):
o	Released to production.
?	Basis Options (phase 2):
o	Development of deal entry type for Basis Options has been completed in TAGG.
o	Development of loading correlation curves has been completed.
o	Changes to the Translator have been completed.
o	Development of Portcalc valuation of Basis Spread Options completed.
?	Options reports
o	Completed development of Vega P&L, Vega Sensitivity, and Delta Position reports.
?	Transport Deal Capture & Valuation (phase 2):
o	Creation of new deal entry type & database changes has been completed.
o	Changes to the Translator have been completed.
?	Add more information to the drill-down deal details.
o	Released to production.
?	New Flexible Deal Viewer.
o	Database schema design completed.
o	Initial Load of active Deals from Sitara completed.
o	TIBCO work completed.
o	Units of Measure conversions completed.
o	Update of active deals from Sitara completed.
o	Development of Query Engine completed.
o	Development of Delphi feed to Excel completed.
o	Schema mapping completed.
o	Initial loading of active deals from TAGG completed.
o	3 new requests (from last Wednesday's demo) for Update Server completed.
o	Completed Development of Excel VB.
o	Completed remaining new request for Update Server (SIC codes).
o	Completed development of update of active deals from TAGG.
?	Screening Volume Feedback in TDS Deal Ticker.
o	Completed database changes in Stage and Parallel.
o	Completed modifying CPR Reader to handle process flag.
o	Completed modify database triggers.
o	Completed make changes to CPR Bridge.
o	Completed modify CPR Reader to handle process flag.
o	Completed implement delete logic in CPR Reader to clean up old deals.
o	Completed changing View Aggregation to resend deals when requested.
o	Completed modifying View Aggregator to request sending deals.
o	Completed modifying TDS Deal Ticker to show deal term changes.
?	Implementing TDS in Calgary office
o	Discussed efforts needed for implementing TDS for Calgary office.
?	Investigate ways of improving EOL bridging to Sitara and TAGG for term physical deals.
o	Started discussion and needs further investigation.

Plans for the week ending 10/12/01:
?	Continue IT development of Phase II issues.
o	Complete development of Portcalc to value Transport deals.
o	Continue testing of Basis Options.
o	Develop and complete curve shift report.
?	New Flexible Deal Viewer.
o	Continue user acceptance testing.
o	Develop requested enhancement and resolve some issues uncovered.
?	Screening volume feedback in TDS Deal Ticker.
o	Start and complete integration testing.
?	Implementing TDS in Calgary office
o	Detailed timeline estimate.

Issues:
?	None.

Notes
?	Calgary still needs to test Y-Calc.
Some enhancement to the Flexible Deal Viewer and Sitara has been discussed. IT group is going to investigate the requirements and development efforts.

Thanks

Zhiyong


Jim,  Attached are the interconnect agreements for the MidCon Flagstaff
(formerly Greens Bayou) and Deer Park points.  The pressure of 550 psig is in
the Flagstaff agreement.  Please review and if acceptable please forward to
MidCon.


Background
A few months ago, an operational risk forum luncheon was established to discuss potential and actual operational risk issues within Enron North America.  The forum met every two weeks to discuss items related to both internal and external factors of operational risk that impact Enron.

Change of focus
Based on discussions with a number of you it was decided that it would be advantageous to open this forum to all of Global Risk Management Operations, and this memo serves as your invitation.

Meeting coordination & attendance
Going forward, I will be coordinating the topics for discussion and will send each of you an agenda before the meeting so you can determine whether or not you would like to attend the meeting.  I welcome all suggestions regarding topics for discussion.

The first meeting is planned for the 12th. Due to the all employee meeting from 10-12, this meeting will start at 12 and go to 1.  Lunch will be provided.

Agenda
The first meeting topics will be:

- update on task forces
- update on operational standards & exception reporting
- update on compliance with risk policy

Your requirements
Please let Pamela Sonnier know if you (or a rep from your group) will be attending the meeting so she knows how many people to order lunch for.
Calgary and London - Pam will coordinate phone line call ins for you.


Dear Greg

We met some time ago for dinner in London together with Bruce Farmer.
Since a lot of things at Enron are fluid at the moment I wanted to contact
you to express Glencore's interest to acquire Enron's copper concentrates
and metal book if this is an option Enron would consider.
We understand that the staff in London responsible for these areas are
working on a MBO and there is thus little interest from their side to be
open or co-operative. This is the reason why I contact you directly and
would appreciate hearing from you at your earliest convenience.

regards

Paul Wyler
executive director

Glencore International AG
tel +4141 709 2506 direct     +4141 709 2000 switchboard
fax + 4141 709 2490 direct    +4141 709 3000 general

*
*  LEGAL DISCLAIMER
*  This message contains confidential information for
*  the exclusive use of the person mentioned above.
*


Good morning.  I am at EOTT today and then I will go into to town for a
little while.  Jessica is no9t doing very well and neither I am I.  Fell like
I am coming down with something.  Talk with you later tonight.  Sorry I
didn,t get to talk with you last night.  Both babies were real fussy and we
had to work hard to get them down.  I did a pretty good job with Jason!

I look forward to you getting home for Turkey Day!

Dad


This change really helps me with babysitter problems.  Thanks,  Kay

From: Barbara N Gray on 04/26/2001 11:14 AM
Sent by: Keegan Farrell
To: Peggy Banczak/HOU/ECT@ECT, Eric Gillaspie/HOU/ECT@ECT, Sandi M
Braband/HOU/ECT@ECT, Stacy E Dickson/HOU/ECT@ECT, Shawna Flynn/HOU/ECT@ECT,
Dan J Hyvl/HOU/ECT@ECT, Kay Mann/Corp/Enron@Enron, Gerald Nemec/HOU/ECT@ECT,
Carlos Sole/NA/Enron@Enron, Ann Elizabeth White/HOU/ECT@ECT, Kimberlee A
Bennick/HOU/ECT@ECT, Mary Ogden/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT,
Robert Walker/HOU/ECT@ECT, Kaye Ellis/HOU/ECT@ECT, Theresa
Zucha/NA/Enron@Enron, Taffy Milligan/HOU/ECT@ECT, Keegan
Farrell/NA/Enron@Enron, Vanessa Griffin/ENRON@enronXgate, Suzanne
Adams/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT
cc: Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT,
steve.van.hooser@enron.com

Subject: Attention!!!  Change of Plans for Friday****

Due to short notice of the "evening party", attendance possibilities were
diminished.  Thus, please join in a Friday post-work 5:15pm celebration in
honor of Eric & Peggy.

Place: Ninfa's Downtown (Allen Center)


I'm feeling pretty under the weather today, so I'm going to sneak out of here
early - but I haven't yet received the Dow Jones data for today. Instead, I'm
sending yesterday's information. If you need today as well, let me know and
I'll send it first thing in the morning.

Thanks,
Kate


Kevin,

Thanks a lot.

Vince

Kevin G Moore
10/26/2000 06:29 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Boss 's Day

Goodmorning Vince ,

I did not get Mike a token for today because we
celebrated with him on Oct. 16th however,you
may want to mention the reason in the staff
meeting.....

                                          Thanks

Also Vince , you are the Greatest Boss, Have a Wonderful Day !

---------------------- Forwarded by Kevin G Moore/HOU/ECT on 10/26/2000 07:17
AM ---------------------------

Kevin G Moore
10/26/2000 06:18 AM
To: Mike A Roberts/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Shirley
Crenshaw/HOU/ECT@ECT, Jose Marquez/Corp/Enron@ENRON, Stephen
Bennett/NA/Enron@ENRON, William Smith/Corp/Enron@ENRON, Elena
Chilkina/Corp/Enron@Enron, V Charles Weldon/HOU/ECT@ECT
cc: Vasant Shanbhogue/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Maureen
Raymond/HOU/ECT@ECT, Joseph Hrgovcic/HOU/ECT@ECT, Steve
Bigalow/NA/Enron@Enron
Subject: Boss 's Day

This message is pertaining to the celebration the Weather Team
had with Mike Roberts.

We celebrated with Mike on Boss's Day Oct. 16th.

We the  Weather Team felt that time spent with our Boss was
just as valuable as any token of appreciation.

We did Happy Hour @ Ninfa's

Mike you will not have a token in the staff meeting today
however, please know that you are a great Boss too.

We still would like for you to join the others in celebrating
and we would like to have lunch with you.

                                         Thanks
                                     Kevin Moore

Hope to see you there !


Concerning the CES GISBs,  we  perfer to terminate these agreements and
replace with Enron's GISB and special provisions.   ENA's Special Provisions
contains certain language regarding Force Majeure.

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


Critical Migration Information:

1. Your scheduled Outlook Migration Date is THE EVENING OF :
2. You need to press the "Save My Data" button (only once) to send us your
pre-migration information.
3. You must be connected to the network before you press the button.
4. If a POP-UP BOX appears, prompting you to "ABORT, CANCEL OR TRUST SIGNER"
please  select TRUST SIGNER.
5. Any information you Add to your Personal Address Book, Journal or calendar
after you click on the button will need to be manually re-added into Outlook
after you have been migrated.
6. Clicking this button does not complete your migration to Outlook. Your
migration will be completed  the evening of your migration date.

    Failure to click on the button means you WILL NOT get your Calendar,
Contacts, Journal and ToDo information imported into Outlook the day of your
migration and could result in up to a 2 week delay to restore this
information.

If you encounter any errors please contact the resolution center @
713-853-1411


Working on that approval as we speak.
Stuart R. Zisman


The following documents have been posted in S\Mg\Background Info\

MGMetals & Recycling - Germany.doc
MG back office org charts.doc

and IT ops Report - NY & Chicago.doc, in S\Mg\Administration\Meeting Reports\


---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 12/07/2000
05:11 PM ---------------------------

Don Miller
12/07/2000 05:02 PM
To: Benjamin Rogers/HOU/ECT@ECT
cc:
Subject: Redlined PSA -- Brownsville and Caledonia

---------------------- Forwarded by Don Miller/HOU/ECT on 12/07/2000 05:01 PM
---------------------------

japearson@duke-energy.com on 12/07/2000 12:31:06 PM
To: stuart.zisman@enron.com
cc: dthudson@duke-energy.com, mhhurtado@duke-energy.com, don.miller@enron.com
Subject: Redlined PSA -- Brownsville and Caledonia

Stuart - At Dan Hudson's request, I am forwarding a redlined version of the
referenced agreement.  The attached is marked against the last version of
the PSA submitted by DENA to Enron.  Please call if any questions.  Thanks.
Jane Pearson, 713/627-5318.  Jane

(See attached file: enronpsared.doc)
 - enronpsared.doc


Chris--Have you given us daily swing pricing for June?   The latest
information
that I had was for May (below).

Thanks.

Chris.Germany@enron.com on 05/15/2000 09:08:16 AM

To: Doug Kinney/CES/ColumbiaGas@COLUMBIAGAS, Jeffrey
Porter/CES/ColumbiaGas@COLUMBIAGAS, Charles Dalphon [NOTES.cdalpho]@LMS
cc: Molly.Johnson@enron.com, Scott.Goodell@enron.com
Subject: Re: Monthly Pricing

Done, please review the following zones.  They are different from last month's
pricing.

TGT Zone 4 <=== the biggest change
Tenn Z6
And I added CGLF Onshore and CGLF Mainline.

I don't know if we will have CGLF changes or not but I wanted to set up
pricing
to take care of it.

(See attached file: 2000ces05.xls)

 - 2000ces05.xls


The attached file contains our daily volume requirements for  4/17 and  the
following day(s) as listed .    There are three  worksheets labelled as
follows:

'Total Reqs':  Contains the volumes that CES is requesting from Enron at each
of the delivery points and dates indicated in the columns labelled "NOM".
The
Enron schedulers will want to check this sheet to see how much gas is needed
at
a specific point.   The AGL volumes are not timely and should be ignored until
further notice.    CES schedulers note:  the attached file is archived on
P:\Energy Ops\Enron\April_00\Daily\ *.xls, so you don't have to save a
duplicate copy elsewhere on the network.
'Daily Change' :  shows the change (increase +/decrease -) in the daily volume
needed from Enron at the designated citygate delivery point relative to the
supply volumes arranged previously with Enron prior to the current date.  For
the current gas day, the change is an intra-day change and is calculated using
the previous day's volume request for the current day (e.g., If the current
gas
day is 3/28, then the change is computed with respect to the 3/27 request for
3/28.  Note that this procedure assumes that the prior day supply change was
in
fact effectuated).  For tomorrow's gas day and any subsequent ones shown, the
change is computed as the latest Dth Nomination requirement less the
First-of-the-month supply volume plus or minus any adjustments made since the
first-of-the-month to the FOM supply for the (future) days shown.  (e.g., If
today is 3/28, then the change for 3/29, 3/30, etc. is computed with respect
to
the first-of-the-month volumes for those days adjusted for any additional
purchases or sell-backs since the first-of-the-month thru 3/27.)   This sheet
should be useful in determining prices for daily changes in gas volumes that
we
take or turn back.   The column labelled "ENA Daily Swing +/- vs FOM volume'
shows the absolute magnitude of the daily swings allowed by ENA at
pre-specified prices.  Prices for Swing volumes exceeding these magnitudes or
for swings at delivery points without pre-specified pricing must be
negotiated.
'TCO Storage':  Shows the daily swings taken by CES on its (paper) storage
injection for the month.    Daily swings on TCO storage may be used to meet
some or all of the daily swings at delivery points off TCO as shown in the
"Daily Change' worksheet.    Note: This worksheet not provided due to issues
related to TCO storage.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 04-17-00 daily volsAM.xls


SK - I printed it out & gave it to you.  mm

Also for use/ discussion.

---------------------- Forwarded by Peter Styles/LON/ECT on 08/06/2001 16:17
---------------------------
From: Paul Hennemeyer/Enron@EUEnronXGate on 05/06/2001 16:23
To: Peter Styles/LON/ECT@ECT
cc: Richard Shapiro/NA/Enron@Enron

Subject: RE: Steve Kean's speech on California, Madrid 12/6; EURELECTRIC
mission to the USA: Report

Peter

A couple of things you might be able to use for Steve. Unfortunately, no time
to convert to slides, but
this should provide enough raw material for you.

Paul

 -----Original Message-----
From:  Styles, Peter
Sent: 30 May 2001 15:53
To: Shapiro, Richard
Cc: Paul Dawson/Govt. Affairs/LON/ECT@ENRON; Devlin, Brendan; Dindarova,
Nailia; Fiona Grant/LON/ECT@ENRON; Paul Hennemeyer/LON/ECT@ENRON; Alfredo
Huertas/LON/ECT@ENRON; Teun Van Biert/LON/ECT@ENRON; Doug Wood/LON/ECT@ENRON;
Dernehl, Ginger; McVicker, Maureen
Subject: Steve Kean's speech on California, Madrid 12/6; EURELECTRIC mission
to the USA: Report

Rick: Here's the "draft" Eurelectric report (never saw final, but don't think
it's materially different.)

Would be good if whoever is updating Jim Steffes slides from 29/3 could take
a steer from the issues the report concentrates on, and either endorse/
explain them, or rebut/ disentangle them. Also we should bear in mind theme
of Madrid conferenc is convergence of power and gas markets/ regulation, so
gas market aspects for Western Area will be of partic. interest. Items to
de-emphasise in very short slot available may be workings of PX and NOx
credits trading.

For potential lessons of relevance to Europe, I think Steve should
concentrate on dangers in: decoupling of wholesale and retail market,
attempted upfront guaranteed benefits to smaller consumers, and absence of
adequate demand side, and generation investment, signals.

Alfredo, Teun, Paul and Paul: As mentioned in staff meeting yesterday, would
appreciate your one or two slides each of bullet points on lessons for/
reassurance of irrelevance to (as the case may be!) your markets by end this
week. Steve is away, so Rick and I will take a look at pulling this together
intitially.

---------------------- Forwarded by Peter Styles/LON/ECT on 05/30/2001 03:18
PM ---------------------------

"Sandra James" <Sandra_James@electricity.org.uk> on 04/10/2001 05:15:33 PM
To: <Nailia.Dindarova@enron.com>, <Peter.Styles@enron.com>,

Subject: Fwd: EURELECTRIC mission to the USA : Report

Please see attached a report by EURELECTRIC on their recent study visit to
California.

>  <<Report USA.pdf>>

 - Report USA.pdf << File: Report USA.pdf >>


*  Quick read in red
*  Thanks, Tasha, for lead!

Failure to Buy Entire Network May Doom Davis' Power Deal

By MIGUEL BUSTILLO and NANCY VOGEL, Times Staff Writers

SACRAMENTO--Does it make sense for California to own only part of the state's
power grid?
That question is dividing state legislators and energy experts after Gov.
Gray Davis' announcement of a $2.76-billion deal to buy Southern California
Edison's transmission lines. The deal was reached Monday, three days after
Pacific Gas & Electric Co. balked at selling its power lines to the state and
filed for bankruptcy.
Davis and Democratic legislators have pushed to purchase the whole
transmission system owned by the state's debt-saddled private utilities. They
reason that by owning the highway that electricity must travel to reach homes
and businesses--a 32,000-mile web of wire that is the world's fifth-largest
coordinated power grid--the state would gain a negotiating advantage with the
companies that produce the power.
If California's transmission grid were entirely owned by the public,
political leaders believe, the state could gain jurisdiction over key
electricity issues now decided by the Federal Energy Regulatory Commission,
which has been reluctant to intervene in the energy crisis. The state, not
the commission, could then set its own transmission fees and control the flow
of electricity across the grid.
Transmission charges bring in roughly $1.4 billion a year for the three
utilities. With that money, the state could not only repay itself for the
purchase of the power lines but also fund system upgrades to unclog
electricity bottlenecks that contribute to blackouts.
"Owning the wires is a business, and this business operates at a profit,"
said Assemblyman Roderick Wright (D-Los Angeles), who will head a series of
committee hearings on the plan to buy the Edison lines. "We're not going into
their yards and buying old trucks or something; we are buying a vital piece
of their electrical system."
However, now that Pacific Gas & Electric has opted to try to find a solution
to its debt problem in Bankruptcy Court rather than continue negotiations
with the state, the prospects of California acquiring the entire system
appear uncertain at best.
That is generating concern about what California is getting for its
money--and whether the state stands a chance of gaining any independence from
federal regulators--if it buys only the lines of Edison and San Diego Gas &
Electric.
The Edison deal, which needs legislative approval, is unlikely to garner a
single vote from Republicans--Assembly Republican leader Dave Cox (R-Fair
Oaks) calls the grid purchase a socialistic idea. The plan may also encounter
some Democratic opposition.
"It was a tough sell to begin with, and I think if you are going to only buy
part, it becomes a tougher sell," said Assemblyman Dean Florez (D-Shafter).
And some utility experts say California gains little, if anything, unless it
acquires the whole system.
"The motivating factor for buying the grid, as opposed to hydroelectric power
plants, is because it addressed the central problem facing California: The
federal government is unwilling to crack down on the generators that are
ripping us off, and we need to take back control," said UC Irvine professor
Peter Navarro. "If you only buy 40% of the system, you might as well have
nothing."
California would not be able to make some of the most critical upgrades
needed to improve the flow of electricity if it did not acquire PG&E's
portion of the system. The worst energy bottleneck in California is the
notorious Path 15, a series of high-voltage lines that move power between
Southern and Northern California. Path 15 lies largely in PG&E's territory.
Davis and some state legislators say California still has a chance to buy the
entire grid. Some, in fact, believe that the utility's bankruptcy increases
the likelihood of a deal: Talks between Davis and PG&E had faltered in recent
weeks, and a judge may have better luck bridging their differences.
Negotiations between the state and San Diego Gas & Electric continue, leaving
the possibility of a deal with that utility.
But acquiring PG&E's portion, the largest and most important by far, now
requires the approval of a federal Bankruptcy Court judge. And in that arena,
the state may have to compete with private companies for the lines.
Trans-Elect, a Washington company that wants to create a national network of
independently owned transmission lines, has offered to buy and operate the
grids of Edison and PG&E for a total of $5.25 billion. The company has also
been in contact with the Davis administration on the possibility of leasing
the lines from California if they are bought by the state.
For the state to buy any of the systems, it needs approval from FERC--far
from a sure thing. The commission in recent years has encouraged states to
put management of large sections of the nation's transmission grid into
private hands to achieve more efficient electricity flow. Even if the
commission approved the purchase, the state may not receive any increased
powers.
"FERC would like to see one large regional transmission system in the West,"
said David Clement, a transmission expert with Cambridge Energy Research
Associates. "If FERC were to unconditionally approve the sale, then the
transmission system owned by Edison would leave FERC authority. However, FERC
could easily condition the sale such that the transmission grid remains under
their authority."

Copyright 2001 Los Angeles Times


Remember to join Enron Global Services Chairman & CEO Stan Horton on an eSpeak session Thursday, October 18 at 10 a.m. Houston time where he will answer questions regarding the new EGS. This is a great opportunity to get first hand information about what's going on within EGS and throughout Enron.

If you can't make the live event, don't sweat it.  Go to http://ethink.enron.com/eSpeak/exec/default.asp, and submit your question(s) today.  Stan will try to answer your questions during his "open mike" session, and you can read the transcript whenever you get the opportunity.

Don't miss this opportunity to hear it straight from the top.


---------------------- Forwarded by Lorna Brennan/ET&S/Enron on 07/27/2000
01:07 PM ---------------------------

webmaster@cera.com on 07/26/2000 10:57:49 PM
To: Lorna.Brennan@enron.com
cc:

Subject: The West: Keeping Its Fingers Crossed - CERA Alert

**********************************************************************
CERA Alert: Sent Wed, July 26, 2000
**********************************************************************

Title: The West: Keeping Its Fingers Crossed
Author: Zenker, Moritzburke, Snyder
E-Mail Category: Alert
Product Line: Western Energy ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=5526&m=1286 ,

A strong dose of summer weather in June propelled West-wide demand levels up
by nearly 12 percent over the same period in 1999. These higher demand levels
provided the year's first example of the power price spikes that can be
produced when the West's tight capacity intersects with normal summer load
levels, lower-than-normal hydroelectric levels, strong gas prices, and
California's immature wholesale power market structure. As power markets
reacted in June with unprecedented price strength throughout the region,
regulators and the California Independent System Operator (ISO) intervened to
dampen markets from a maximum of $750 per megawatt-hour (MWh) to $500 per
MWh.* Although some market participants have filed protests at the Federal
Energy Regulatory Commission to raise or eliminate the caps, utilities,
legislators, and consumer advocates are moving to protect consumers or
completely redesign what they perceive as a flawed market.

As western markets move through the critical July-August peak electricity
demand period, market participants and regulators alike are wondering if
power supplies will be sufficient and if price levels will rival those in
June. CERA expects that western supplies will be adequate under normal summer
weather conditions, barring abnormal unit and transmission line outages.
However, normal August weather conditions will push demand levels
significantly higher than in June, creating an even tighter supply-demand
balance, straining the ability of the transmission system to supply key
demand regions adequately. A hot weather event could exhaust both in-state
and imported supplies for California.

The tight supply and demand situation will almost certainly prompt a strong
price response, similar to that in June. This will fuel the unease of
regulators in states that have restructured their markets and in those that
are considering restructuring. Even as regulators' continued support of
restructured power markets begins to waver, a weather event that forces
regional blackouts would force regulators to intervene.

CERA's outlook for August power markets is driven by
* High peak loads. Under normal weather conditions, West-wide August loads
will be on average 1,400 megawatts (MW) higher than last August. The peak
load in California is expected to push capacity margins to 6 percent, even
after curtailing interruptible load.

* Lower hydroelectric output. As the West enters its peak load period,
hydroelectric production is expected to decline systemwide by roughly 3,900
average megawatts (aMW) from July to August. Compared with the high,
sustained output of last August, hydroelectric output this August, although
roughly average on a historical basis, will be roughly 4,900 aMW (20 percent)
lower.

* High levels of gas-fired generation. Compared with August 1999, higher
utilization rates, along with gas prices that have climbed $1.88 per million
British thermal units (MMBtu), will increase the incremental cost of energy
production by over $20 per MWh. Although CERA expects power prices in August
to diverge from production costs owing to the expected supply tightness,
higher production costs will create a higher floor for energy prices in all
periods of the day.

The extremely tight power supply-demand balance within the West, and within
California specifically, has resulted in unprecedented high summer gas demand
for power generation. This high demand level-combined with seasonal storage
injection needs in California-has pushed up utilization rates on pipelines
into California and pushed Topock differentials over $0.75 per MMBtu to the
Henry Hub. Strong demand should continue through August in the West and
support premium pricing at Topock.

The Rocky Mountains represent the opposite extreme to the high premium placed
on Topock deliveries. In the Rockies supply is building relative to export
pipeline capacity, and market access is becoming a challenge. Weak seasonal
demand compounds the problem; the strong western demand for gas for power
generation does not extend to the Rockies. Generation within the region
remains nearly all coal-fired. These regional pressures should remain a
feature of western gas markets through September.

Moderate summer weather and reassuring injection rates nationwide during
recent weeks have allowed some easing in prices at the Henry Hub. However,
summer is not yet over and absolute storage inventories are still at critical
levels. Higher gas prices are likely to resurface.

Regional Power Market Drivers
August demand under normal weather is expected to rise by an additional 7
percent, or nearly 5,500 aMW, over average June levels (see Table 1). Peak
demand levels should exceed those in June as well, with a coincident peak
over the whole Western Systems Coordinating Council (WSCC) of 118,600 MW
expected under normal weather conditions in 2000, a 2.7 percent increase over
the weather-muted 1999 peak. California alone should experience peak loads
that are approximately 3,600 MW higher than peak levels in June.

Available generation capacity in the West has been at normal levels for this
time of year, although coal-fired plants are responding to a record
production year with repeated but short-lived outages. The steady decline in
hydroelectric generation will remove 3,900 aMW from the West resource base
when compared with July levels and about 6,800 aMW since June, although
reservoir refilling operations temporarily removed significant quantities of
hydroelectric generation during portions of June. Given hydro operators'
economic interest in maximizing on-peak production at the expense of off-peak
production, the loss of capacity during the on-peak period will be lower than
these levels.

August will be a critical month for the heavily import-dependent state of
California. While the state will be drawing approximately 7,000 aMW of
imports during August to meet demands during peak periods, CERA expects the
level of imports to exceed 8,200 MW during peak demand conditions. The
Southwest's need to supply native demand first will limit its ability to
export to California, and lower year-over-year hydroelectric production in
the Pacific Northwest will limit exports from that region.

Pacific Northwest
CERA expects Pacific Northwest demand in August to climb by nearly 1,300 aMW
when compared with June levels. The water supply for the Pacific Northwest
has declined to 91 percent of normal levels for the Lower Columbia owing to
warmer-than-normal weather in June. In addition, normal seasonal decline in
runoff levels will drop about 6,000 aMW from the resource base when compared
with levels in June (see Table 2). Generation plant operators have responded
to both growing native demand and a robust export market by running coal and
gas-fired generation at high levels. Although less than 4,000 MW of gas-fired
generation is currently available in the region, it has been running at high
utilization rates.

High energy demand in California for Pacific Northwest energy will keep
differentials low between the regions. As in June, Pacific Northwest prices
will respond in kind to the volatility CERA expects to occur in California in
August. In addition, if hot weather in the Pacific Northwest pressures
regional energy reserves, local prices will rise to keep energy in the
region, potentially causing prices in the Pacific Northwest to move higher
than those to the south.

California
California is entering the peak load season with relatively little generating
capacity down for maintenance. Although hydroelectric output continues to
decline, statewide reservoir storage levels remain high at roughly 118
percent of normal. Nevertheless, declining hydroelectric production is
expected to remove about 730 aMW when compared with hydroelectric production
levels in June.

Normal summer weather will push demand in the state up by about 3,600 aMW
over June levels, which were high (see Table 3). California's peak load is
expected to exceed 57,000 MW, compared with a peak load in June of
approximately 53,500 MW (43,447 MW on the state's ISO system alone, according
to its own estimate). Assuming normal plant outage rates, this demand level
will necessitate the import of about 8,200 MW of energy to meet the statewide
peak. Even after curtailing the approximately 2,800 MW of interruptible load
available for tight supply situations, the state has a precarious 6 percent
capacity margin during the system peak. An extreme hot weather event could
push state loads up by an additional 3,000 MW. Outages are likely if
additional imports are not available.

A capacity limit of 4,600 MW will be in place during the summer for energy
exports from the Pacific Northwest to Northern California. The import limit
from the Pacific Northwest to southern California will be 3,100 MW.

Rockies and Southwest
August demand levels in the combined Rockies/Southwest region will increase
only slightly above levels in August 1999, climbing approximately 275 aMW, as
loads in the region-unlike the rest of the below-average WSCC-were near
normal last August. Even so, August loads will increase demand by over 1,250
aMW when compared with levels in June of this year. As with last year and
this June, supplies in the region should be sufficient to meet peak demand
conditions under normal weather, although growing loads in the
Rockies/Southwest region have reduced its ability to supply neighboring
regions with energy during peak demand conditions.

High loads driven by hot weather will keep the region's prices high.
Differentials between the region and California will be tight, but
California, having tighter supply-demand balances, will need to price at a
premium to attract energy. The high-capacity transmission ties between the
Rockies/Southwest and the California market, which is about 150 percent the
size of the Rockies/Southwest market, will ensure that prices in the
Rockies/Southwest stay close behind California prices whenever loads are high
in California.

Regional Gas Market Drivers
Evidence of pipeline bottlenecks has emerged across the West, and supply and
demand forces over the next year look likely to intensify these pressures.
Since the Northern Border expansion in late 1998, narrow north-south and
east-west differentials across pricing points defined the market. This
summer, the continuing supply growth in the Rocky Mountains has widened
differentials between the Rockies and the rest of the West. At Topock,
increasing gas demand in California and high utilization rates have resulted
in high premiums.

Overall in North American gas markets, strong storage injection rates in
recent weeks have allowed some easing in prices-from an early July Henry Hub
price of $4.50 per MMBtu to under $4.00 per MMBtu. However, despite these
high injection rates, the supply-demand balance and absolute level of storage
inventories remain precarious. Summer is not over and higher nationwide power
loads in weeks to come will likely cut into storage injections and boost
prices. The ongoing competition between power and storage for supply should
support an average Henry Hub price of $4.20 per MMBtu in August.

Through the end of the summer, differentials in the West should hold near
current levels. The pressure of growing Rocky Mountain supply will continue
until heating loads start climbing in the fall. In California high seasonal
power loads should continue through August with hot weather and continued
declines in hydroelectric generation. Demand strength is expected to
continue. Across the West, August demand for gas should climb from 9.8
billion cubic feet (Bcf) per day in June to 10.4 Bcf per day, buoyed by an
increase in gas demand for power generation (see Table 4).

California
High gas demand for power generation within California will continue through
August. CERA expects an increase from the state's June demand levels of 5.6
Bcf per day to 6.2 Bcf per day during August. The increase stems from
declines in hydroelectric generation and increases in overall power loads.
Total demand is expected to exceed last year's demand level by 1.2 Bcf per
day. This will increase flows on pipelines into California, reduce the
state's storage surplus, and sustain high prices. CERA expects pipeline
utilization rates during August to average 95 percent (see Table 5). CERA
expects an August Topock-Henry Hub differential of $0.45 per MMBtu (see Table
6).

Pacific Northwest
Despite the extremely high prices at Topock and high demand in California,
until recently gas at Malin priced at a slight discount to Henry Hub prices.
After averaging $0.17 per MMBtu below the Henry Hub during the third quarter
last year, the differential so far during the third quarter this year is
$0.15 per MMBtu below the Hub. This week Malin is pricing at a $0.25 per
MMBtu premium relative to the Henry Hub. The Topock-Malin differential has
swelled to over $0.60 per MMBtu, signaling intra-California pipeline capacity
constraints. Two factors pressured Malin differentials during the early
summer.
* Pressure on Rocky Mountain and AECO differentials. Prices in the two areas
supplying the Pacific Northwest are under some pressure. Increasing supplies
in the Rockies are beginning to reach the limits of export capacity and put
downward pressure on Rockies prices by limiting external market access. At
AECO, although export capacity out of the province is available, almost all
of that excess capacity accesses eastern Canada on TransCanada Pipeline.
Pipelines into the United States are running near capacity. Because of
TransCanada's limited ability to discount interruptible transport, the
available space is more expensive and therefore the last to be filled.

* Low early summer regional demand. Gas demand in the Pacific Northwest is
limited during late spring and early summer by declines in heating loads and
very strong hydroelectric output. Even in a normal or dry hydroelectric year,
seasonal runoff holds down gas demand for power generation in May and June
even as gas demand for power generation begins climbing in California.
Increasing power loads are already evident.

The first factor will likely endure until heating season begins in late fall
and regional demand in the Rockies and western Canada begins climbing.
However, gas demand for power generation in the Pacific Northwest has
increased already this summer and will continue to climb through the end of
July and into August as hydroelectric generation wanes. This added demand-200
million cubic feet (MMcf) per day above June demand levels-will provide some
support for Malin prices and limited support for Rockies and AECO prices.
Malin-Henry Hub differentials are expected to average $0.05 per MMBtu above
the Henry Hub price during August.

Rocky Mountains
Pressure on regional supplies within the Rockies continues as exports out of
the region reach new highs. Differentials to the Henry Hub have widened to
over $0.70 per MMBtu and although prices in the rest of the West will gain
some support from high power loads, regional demand in the Rockies is
expected to remain near low seasonal levels through August. August demand is
expected to average 1.2 Bcf per day in the region, approximately equal to
June's 1.1 Bcf per day total demand. Demand begins to build during September,
but until the heating season begins in October, Rocky Mountain prices will
lag well below prices in the rest of the West. CERA expects a Rocky
Mountain-Henry Hub differential of $0.60 per MMBtu during August.

Although some narrowing in Rocky Mountain differentials looks likely as
seasonal demand increases through the fall, the rapid build in supply in the
region will likely keep differentials wide during 2001. CERA expects a supply
build this year of nearly 300 MMcf per day, followed by a build of over 350
MMcf per day during 2001. Currently, approximately 300 MMcf per day of excess
pipeline export exists out of the region, with the largest increment on
Transcolorado into the San Juan Basin. Next summer, all capacity will likely
run close to full. Until export pipelines expand-the first likely expansion
is Trailblazer-differentials will remain wide. For 2001, CERA expects an
average annual differential below the Henry Hub of $0.65 per MMBtu.

Southwest
Differentials in the San Juan and Permian Basins have gained considerable
strength relative to Henry Hub prices amid the recent hot weather in Texas.
Permian supplies are pricing at a slight premium to the Henry Hub price, and
in the San Juan Basin prices have narrowed from an early July differential of
$0.35 per MMBtu to a differential of less than $0.20 per MMBtu. CERA expects
demand in the Southwest during August of 1.4 Bcf per day, an increase from
June's level of 1.3 Bcf per day, but the larger Texas market will determine
the relative strength of differentials in those two basins. CERA expects a
San Juan differential of $0.30 per MMBtu during August, with a Permian Basin
differential of $0.06 per MMBtu.

Differentials between the Rocky Mountains and the San Juan Basin have widened
substantially over the past two months with supply increases in the Rocky
Mountains. Flows on Transcolorado increased from a monthly average of under
20 MMcf per day to over 100 MMcf per day during June. Supply in the two
regions is following opposite paths; Rockies supply is climbing rapidly, and
San Juan supply has likely peaked and should decline slowly beginning this
year. CERA expects a decline in supply of 30 MMcf per day during 2000
relative to 1999 and an additional decline of 150 MMcf per day during 2001.
Because of these different outlooks, wider Rockies-San Juan differentials
will persist.

**end**

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Here's where I'll be tomorrow.
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/08/2001 04:53
PM ---------------------------

	From:  Kathleen Carnahan                           02/08/2001 03:58 PM

To: Kay Mann/Corp/Enron@Enron, Roger Balog/HOU/ECT@ECT
cc:

Subject: OFF SITE MEETING - ALL DETAILS

---------------------- Forwarded by Kathleen Carnahan/NA/Enron on 02/08/2001
03:57 PM ---------------------------

	Lorie Leigh @ ECT
	02/07/2001 12:31 PM

To: Scott Churbock/NA/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Kathleen
Carnahan/NA/Enron@Enron, Mathew Gimble/HOU/ECT@ECT, Chris
Booth/NA/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Rusty Stevens/Corp/Enron@ENRON,
Raimund Grube/Corp/Enron@ENRON, John Moore/Corp/Enron@Enron, Fred
Mitro/HOU/ECT@ECT, Steve Krimsky/Corp/Enron@Enron, Greg
Krause/Corp/Enron@Enron
cc:

Subject: OFF SITE MEETING - ALL DETAILS

The mandatory off-site meeting info:

Day:  Friday, February 9th
Time:   9AM - 1PM
Place:  Hyatt Downtown Regency
Room:  WindowBox
Purpose:  Topic of the meeting is to present our budget for the year, and
discuss our overall strategy.
Food:  A breakfast starter tray and lunch & drink assortment will be provided.

If anyone has any questions please contact me at x31696
Lorie Leigh


Rick,

Aram is coming to Houston, in my view, to explore the possibility of coming
back to Enron
(given uncertain situation under the Scottish rule at the old Pacificorp).

I shall suggest that he meet  with you and/or Ted Murphy as well.

I can wait for Karen to come back. It's not urgent. We are still working on
the volumetric  risk module and the team is making a very good progress.
They gave a  presentation today to Rick Carson and me.

We have to decide what comes next  (Asset/Liability Model or
Operational Risk Model).

Vince


I have a meeting at 2:00pm.  How about 11:00 am?

	Corey Hollander@ENRON
	09/18/2000 04:50 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Global Counterparty Next Generation Requirements

I have a meeting at 1pm.  How about 2pm?

---------------------- Forwarded by Corey Hollander/Corp/Enron on 09/18/2000
04:51 PM ---------------------------
From: Tana Jones@ECT on 09/18/2000 04:40 PM
To: Corey Hollander/Corp/Enron@ENRON
cc:

Subject: Re: Global Counterparty Next Generation Requirements

I should be available anytime this week, with the caveat, we have a big deal
we're trying to close by Friday, and it could heat up at any moment.  How
about tomorrow at 1:00 pm?

	Corey Hollander@ENRON
	09/18/2000 03:48 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Global Counterparty Next Generation Requirements

Tana,

I met with Mark Taylor two weeks ago to discuss legal's business requirements
for the next generation Global Counterparty System.  He told me that you
would be a better resource than he for counterparty issues.

Do you have time to meet with me this week for 30 minutes?  Attached is a
list of questions I have about your needs in relation to the GCP system.

Please let me know what time you will be available and I'll setup a meeting.

Regards,

Corey Hollander


Pre-FOMC and the market is, to quote Joe Cocker, "Feelin' Alright". The Dow
Industrials shot up over100 points in the morning and hovered there to close
up over 135. The Nasdaq followed suit in the morning, came in in the
afternoon, and rose again in the last hour to close up over 65. The street
liked the MO NA deal - MO (Philip Morris) up over 15%; NA (Nabisco Holdings)
also in the green - lots of the food stocks joined the party - HNZ (HJ
Heinz), DOL (Dole Food), DLM (Del Monte Foods), KBL (Keebler Foods) and RAL
(Ralston Purina) all closed in the green. President Clinton mid-day
celebration of the  completion of the Human Genome mapping had mixed results
for the space - CRA (PE CP Celera) down over 12, BGEN (Biogen Inc) down over
4, PDLI (Protein Design) down over 14 while GENE (Genome Therapy), AMGN
(Amgen Corp),  DNA (Genentech) and IMNX (Immunex) all closed up...Things
weren't very chipper with INTC (Intel), MOT (Motorola) and AMD (Advanced
Micro Devices) all closing in the red - guess that Celeron news was abit of
a yawn. But it wasn't all grim in tech with ORCL (Oracle), SUNW (Sun
Microsystems), CA (Computer Associates), AAPL (Apple Computer) all up over
4% and MSFT (Microsoft), DELL (Dell) and IBM up over 2%. There were a couple
of tech blow ups with INKT (Inktomi) down over 25 on news that YHOO (Yahoo)
isn't using there search engine for the main site anymore - in addition HLIT
(Harmonic Inc) pre-announced negatively after the close and is trading down
25% in after hours. In the CEUT Universe - CTAC* (1800 Contacts) continues
the climb - up over 2.... BWAY* (Breakaway Solutions) down over  3 1/2...
PSEM* (Pericom Semiconductors) down over 3, ZRAN* (Zoran Corp) up 5... CATT
(Catapult Communications) up over 10%... JDSU* (JDS Uniphase) up over 2, NT*
(Nortel Networks) up over 3... ANCR* (Ancor Communications) up over 3, NTAP*
(Network Appliance) up over 5, PRCM* (Procom Tech Inc) up over  3... PROX*
(Proxim) up over 2 and GOAM* (Goamerica) up over 2 (over 16%) on the day and
continuing to rise in after hours after announcing a deal with HWP
(Hewlett-Packard) to use  their tech. - Jason Tsai was very bullish on both
these names in the  morning meeting.... MERQ* (Mercury Interactive) down
almost 3, MUSE* (Micromuse) up over 9, VRTS (Veritas Software) up
3...GILTF* (Gilat Satellite) up over 2, GMH* (General Motors H) down over 4,
LLL* (3-L Communications) down over 1 1/2, PGTV+ (Pegasus) up over 2... SIMG
(Silicon Image) up over 3.... WCII (Winstar Communications) down over
2......... In IPOland - lots coming Tues. - Click Commerce (CKCM) b 2 b e-
commerce for manufacturing co. - priced mid-range; Marvell Tech (MRVL) -
circuits for comm. markets - priced mid-range; Stratos Lightwave (STLW)
broadband optical components - priced above range; eFunds Corp. (EFDS)
-electronic debit payment - priced below range/ General feeling is no hike
now but who knows come August.

European Regulators nix WCOM, FON deal.

Webvan buys Homegrocer.

Ariba buys SupplierMarket.com

Liberty Media joins MSFT to offer high speed access in Japan.

Loudcloud - Marc Andreessen's new venture to aid co.s going to net - gets
$120 million in new funding.

Dow Jones - following NY Times in holding off on net tracking stock (market
conditions).

Lycos - buys MetroSplash owner of Matchmaker.com.

COM21 - broadband access systems - buys BitCom Inc. engineering firm.

ATHM (Excite@Home) - new click video service - broadband app to show video
content (Atom Films, Mondo Media, Bloomberg, iFilm.....) has animated host
"Baily" - girl next door.

DCLK - more privacy concerns - collected data on people going to government
anti - drug site.

MobileLogic (mobile data producer) - buys Katahdin consulting - strategic
tech services provider.

page 1 WSJ - post mortum on Boo.com

VSAT+ - addition to army contract.

WSJ Heard - AMZN* - how much is it really worth?

AETH - wireless data service deal with MSFT.

NPIX - revenue shortfall.

Q replaces US West in S&P 500.

Scient down 20% as customer goes bankrupt.

Freeserve - down over 15% on Deut T news.

Consumer Union - doesn't like T purchase of MediaOne.

Palm - expansion slot on new models - gadgets coming soon (like
Handspring?).

INTC - worldwide e-commerce testing labs/ expansion in Israel.

Dell - online service to small and med. business - do your e-mail and
purchasing services with us.

Mattel - selling Cyber Patrol (net filtering).

eMotion - $34 million round (dig. media management).

Italy's Bipop buying Germany's Entruim - formation of Pan-European online
bank.

YHOO - over 4% stake in ChinaTimes.com

NNDS (soft for pay tv) - software for settop box which monitors your viewing
habits - could customize programming for viewer.

VC Fund Emicom Group - $57 million VC fund for Israeli telecom and net co.
(main US Investor is Divine Inter Ventures also Charles Wang of CA).

First Union - dumping Money Store.

US Judge to hacker Mitnick - no lecture tour - column must be surpervised.

E*Trade - deal with Cahoot (IM software).

C. E. Unterberg Towbin: Bill Dering marketing in Boston/ Futurelink Roadshow
in San Diego-LA/ Infovista NY-Lunch.

There is talk: GTW for MUEI?/ MAIL - good news coming?/

The information contained herein is obtained from sources we believe to be
reliable but its accuracy and completeness, and that of the opinions based
thereon, are not guaranteed. C.E. Unterberg Towbin, or one or more of its
partners, may have a position in any of the securities discussed herein. All
rights reserved by C.E. Unterberg Towbin. May not be reproduced in whole or
in part without prior written authorization. This report is not an offer to
sell or solicitation of an offer to buy the securities mentioned herein.
*C.E. Unterberg Towbin makes a market in this security and/or has analyst
coverage.
+C.E. Unterberg Towbin makes a market in this security and has been involved
in a recent financing.
_____________________________
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C.E. Unterberg Towbin
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Telephone: 212 572 8163
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www.unterberg.com

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


<<2R6L03!.DOC>>  <<2R6LRED.DOC>>  <<2r6k03!.DOC>>  <<2R6KRED.DOC>>

Kay:

Pursuant to your request, we have enclosed revised drafts of (i) the Letter
Agreement pertaining to CA Energy Development I, LLC and (ii) the First
Amended and Restated Limited Liability Company Agreement of CA Energy
Development I, LLC.  Also enclosed are redlined drafts of each marked to
reflect revisions from the initial drafts furnished earlier today.

We believe that our revised description of the "transaction" in the Letter
Agreement (which now provides that each event is a condition precedent to
the other and is deemed to have occurred simultaneous with the other) should
satisfy your concerns as to both the creditworthiness issue and the timing
issue.  At the closing, the signed Facility Agreement will not be
"delivered" unless the loan is funded by Tejas.

With respect to your concern about confidentiality, we have reviewed the
confidentiality provisions of the master contract.  One might conclude that
the master contract does not expressly permit the disclosure of confidential
information by Enron to prospective assignees, as a "Permitted Assignee"
seems to include only an assignee who has received an assignment.  On the
other hand, it is arguable that there would never be any assignee without
some disclosure, so that disclosure to prospective assignees must have been
intended by the parties.  Alternatively, query whether Enron's "performance
of its obligations" under the master agreement could be construed to include
using [and disclosing] confidential information in discussions with
prospective assignees and their lenders, thereby permitting disclosure to
Coral/Tejas under the second full paragraph of Section 21.1.

Assuming that we can satisfy ourselves with respect to this issue, it then
seems prudent to require Coral/Tejas to immediately execute a
Confidentiality Agreement containing confidentiality restrictions comparable
to those set forth in the master agreement.  In the alternative, you may
wish to revise the letter of intent (assuming it is to be executed
momentarily) to include comparable confidentiality provisions.

Please review the enclosed and advise of any additional comments.  If we may
be of any further assistance, please do not hesitate to call.  Thank you.

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

Enclosures: 128540v3
  128540vR3/2
  128541v3
  128541vR3/2

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
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named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 2R6L03!.DOC
 - 2R6LRED.DOC
 - 2r6k03!.DOC
 - 2R6KRED.DOC


David:
Enclosed is a draft of the GPU Energy ETA amendment letter.  Leslie Hansen is
working with them on the "affiliate" issue so there may be more to add to
it.  Please let me know if you are okay with these amendments.
carol


Note to Real Time desk:
EES sent over revised volumes for delivery at SP-15 after I sent the
spreadsheet out today. Please disregard the variance volumes for that
delivery point. Instead, make a note of the new volumes, shown in red under
the heading "EPMI Length" directly to the right of the "Var" column. Contact
your fearless leader, Bill Williams III, with questions, comments, and
concerns.

Kate

	Enron Capital & Trade Resources Corp.

	From:  Bill Williams III                           03/13/2001 04:19 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: REAL-TIME LONG POSITIONS FOR DELIVERY 3/14/01

Kate,
Please find the following spreadsheet detailing EES's positions for the
14th.  I appreciate you putting these schedules together for the real-time
group.
Thanks
B
---------------------- Forwarded by Bill Williams III/PDX/ECT on 03/13/2001
04:22 PM ---------------------------
To: Bill Williams III/PDX/ECT@ECT
cc:

Subject: REAL-TIME LONG POSITIONS FOR DELIVERY 3/14/01

Bill please do your best to sell off these additional positions.  IE. these
numbers plus what you get from Platter.

call me if there is a question 713 249 3952


Excellent job.  Thanks for the good work.


Hello Matt Motley,

In this issue:

- Feature Article: The Powersemiconductor Capital Equipment Blues
- Overview of renewables, distributed generation and power semiconductor sectors

Sound Energy is a bi-weekly publication focusing on energy companies and sectors that strive to make energy more efficient or the environment cleaner. These sectors include renewable energy (including wind and solar power), distributed generation (fuel cells and microturbines), and power semiconductors.

To download this report Click here <http://www.reedwasden.com/members/download.asp?ID=144&email=matt.motley@enron.com>.
If a link does not appear above please copy the url between the '[' and ']' below and paste it into your browser.
[ http://www.reedwasden.com/members/download.asp?ID=144&email=matt.motley@enron.com ]
Please make sure that your email address is at the end of the url.

Thank you,
The Sector Reports Team

As always, we welcome any feedback on our research including questions and opinions.
To be removed from this mailing, click here <http://www.reedwasden.com/unsubscribe.asp?email=matt.motley@enron.com&pubid=2> or reply to this email with 'UNSUBSCRIBE-Sector Reports' in the subject field.


sshhhhhh......let's keep it between us.  (and don't worry, we're having fun
in the contempt proceeding that's underway right now as part of Dunn's
hearings.)

Best,
Jeff

	Dorothy Rothrock <drothrock@cmta.net>
	07/11/2001 03:11 PM

		 To: Jeff.Dasovich@enron.com
		 cc:
		 Subject: Re: Sher Shops Alternative Edison Bailout Plan

i think you just lucked out for now.....when they hear enron gets out without
a scratch
they will expand their definition to include you, too.

D

Jeff.Dasovich@enron.com wrote:

> glad we're not a generator.
>
> best,
> jeff
>
>
>                     Dorothy
>                     Rothrock             To:     Jeff.Dasovich@enron.com
>                     <drothrock@cm        cc:
>                     ta.net>              Subject:     Re: Sher Shops
Alternative Edison
>                                          Bailout Plan
>                     07/11/2001
>                     12:45 PM
>
>
>
> worse for SCE and generators, who have to eat the small guy share of the
> undercollection
> between them. No transmission sale.
>
> D
>
> Jeff.Dasovich@enron.com wrote:
>
> > better or worse than ours?
> >
> >
> >                     Dorothy
> >                     Rothrock             To:     Jeff.Dasovich@enron.com
> >                     <drothrock@cm        cc:
> >                     ta.net>              Subject:     Re: Sher Shops
> Alternative Edison
> >                                          Bailout Plan
> >                     07/11/2001
> >                     12:20 PM
> >
> >
> >
> > let me know if delaney doesn't send to you...
> >
> > d
> >
> > Jeff.Dasovich@enron.com wrote:
> >
> > > Thanks.  415.782.7854.  Better or worse than ours?
> > >
> > >
> > >                     Dorothy
> > >                     Rothrock             To:
> Jeff.Dasovich@enron.com
> > >                     <drothrock@cm        cc:     Ann.Cohn@sce.com,
> > "'Barbara Barkovich
> > >                     ta.net>              (E-mail)'"
> > <brbarkovich@earthlink.net>, "Dominic
> > >                                          DiMare (E-mail)"
> > <dominic.DiMare@calchamber.com>,
> > >                     07/11/2001           "'John Fielder (E-mail)'"
> > <fieldejr@sce.com>,
> > >                     11:54 AM             "'Phil Isenberg (E-mail)'"
> > <isenberg@hmot.com>,
> > >                                          "'Jeff Dasovich (E-mail)'"
> > <jdasovic@enron.com>,
> > >                                          "'Keith McCrea (E-mail)'"
> > <kmccrea@sablaw.com>,
> > >                                          "'Linda Sherif (E-mail)'"
> > <lys@a-klaw.com>,
> > >                                          "'Linda Sherif (E-mail 2)'"
> > <lysherif@yahoo.com>,
> > >                                          "'Gary Schoonyan (E-mail)'"
> > <schoongl@sce.com>,
> > >                                          "'John White (E-mail)'"
> > <vjw@cleanpower.org>,
> > >                                          dhunter@s-k-w.com,
> > Rick.Simpson@asm.ca.gov
> > >                                          Subject:     Re: Sher Shops
> > Alternative Edison
> > >                                          Bailout Plan
> > >
> > >
> > > I have the plan.....who wants it? send your fax number (and $10 for
> > > shipping
> > > and handling....just kidding)
> > >
> > > D
> > >
> > > Jeff.Dasovich@enron.com wrote:
> > >
> > > > Folks:  Please see highlighted sections.  Anyone seen Byron's plan?
> > Know
> > > > where it's headed, etc.?
> > > >
> > > > Best,
> > > > Jeff
> > > >
> > *************************************************************************
> > > > Power purchase bills exceed $7.5 billion
> > > >
> > > > Published Tuesday, July 10, 2001, in the San Jose Mercury News
> > > > BY MARK GLADSTONE, NOAM LEVEY AND DION NISSENBAUM
> > > >
> > > > Mercury News Sacramento Bureau
> > > >
> > > > SACRAMENTO -- Six months after jumping into the electricity business,
> > the
> > > > Davis administration on Monday provided the first detailed glimpse of
> > > > California's daily power purchases, showing more than $5 billion in
> > > > payments, much of it to government-owned utilities and private
> > companies
> > > > that state officials have branded as price gougers.
> > > >
> > > > The state spent an additional $2.5 billion on a variety of contracts
> > and
> > > > other electricity services designed to stabilize the volatile energy
> > > > markets, according to documents that the state agreed to release last
> > > week
> > > > amid a legal dispute over public access to the data.
> > > >
> > > > In roughly the first five months of the year, the state shelled out
> > $1.2
> > > > billion to Atlanta-based Mirant, the most any company was paid for
> > > > electricity, followed by $1 billion to Powerex, the marketing arm of
> BC
> > > > Hydro in British Columbia. It also paid $331 million to the Los
> Angeles
> > > > Department of Water and Power.
> > > >
> > > > The documents raise questions about some of the common assumptions
> that
> > > > have arisen around the electricity crisis. For instance, almost 40
> > > percent
> > > > of the state's purchases have come from government-run power
> generators
> > > in
> > > > California and elsewhere, but not Texas; some of the biggest
> suppliers
> > > are
> > > > from the Northwest.
> > > >
> > > > Gov. Gray Davis, who has ambitions to run for the White House, has
> put
> > > much
> > > > of the blame for the soaring costs of power on energy companies based
> > in
> > > > President Bush's home state.
> > > >
> > > > The figures are tucked inside 1,770 of pages of invoices that Davis
> has
> > > > resisted divulging, saying disclosure would encourage suppliers to
> > charge
> > > > more. The state, which last month released information on its
> long-term
> > > > electricity contracts worth $43 billion, agreed Thursday to release
> the
> > > > first quarter details.
> > > >
> > > > Short on explanation
> > > >
> > > > The figures were disclosed late Monday by the California Department
> of
> > > > Water Resources, which buys power for the state's financially
> strapped
> > > > major utilities, and seem to buttress the administration's contention
> > > that
> > > > the price of power is gradually dropping but offer little or no
> > > explanation
> > > > for what prompted the decrease.
> > > >
> > > > In January, for instance, the average price for power on the spot
> > market
> > > > was $321 a megawatt hour. It peaked in April at $332 and dropped to
> > $271
> > > in
> > > > May.
> > > >
> > > > One megawatt powers about 750 homes.
> > > >
> > > > Davis spokesman Steve Maviglio said the price data supports the
> > > governor's
> > > > assertions that California has been gouged. ``The bad guys are
> clearly
> > > the
> > > > out-of-state generators,'' Maviglio said. ``There has been a
> > significant
> > > > shift of money out of California.''
> > > >
> > > > But the documents fail to shed much light on whether, as the
> > > administration
> > > > contends, the price drop was due to long-term power contracts
> > negotiated
> > > by
> > > > the state earlier this year. Critics contend that the Davis
> > > administration
> > > > panicked and rushed into deals that commit the state to pay high
> prices
> > > for
> > > > many years.
> > > >
> > > > Used for support
> > > >
> > > > Republican officials used the price information to bolster their
> > attacks
> > > > against Davis, a Democrat, for signing long-term contracts with power
> > > > generators even as the price of power on the spot market was coming
> > down,
> > > > partly because of the declining price of natural gas used to fuel
> many
> > > > plants.
> > > >
> > > > ``It's more clear than ever that the long-term contracts are a bad
> > > deal,''
> > > > said Assemblyman Tony Strickland, R-Camarillo. ``The governor's
> really
> > > hurt
> > > > the ratepayers for the next five or 10 years.''
> > > >
> > > > The newly released bills highlight the volatility of California's
> > energy
> > > > market, where the price per megawatt hour ranged from $70 to $1,000.
> On
> > > any
> > > > given day, the records show, the prices from seller to seller varied
> > > > widely, with some of the highest prices being charged by public
> > utilities
> > > > and companies outside Texas.
> > > >
> > > > On one day in February, for example, San Diego-based Sempra Energy
> was
> > > > charging $165 per megawatt hour, the Eugene Water and Electric Board
> > was
> > > > charging nearly $500 and Duke Energy, a North Carolina company, was
> > > > charging up to $575.
> > > >
> > > > The state's daily spending peaked May 10 at $102.4 million for all
> > power,
> > > > including the spot market and contracted power.
> > > >
> > > > The state began buying power in mid-January on behalf of the state's
> > > major
> > > > utilities, which were unable to borrow money to buy power after
> > amassing
> > > > enormous debts for electricity.
> > > >
> > > > San Jose-based Calpine Corp., which is building several new power
> > plants
> > > > around California including one in South San Jose, did only $29
> million
> > > > worth of business with the state in the first five months of the
> year,
> > > > according to the figures.
> > > >
> > > > The state began buying power in mid-January when Pacific Gas &
> Electric
> > > Co.
> > > > and Southern California Edison Co. were on the ropes financially.
> PG&E
> > > > later went into bankruptcy.
> > > >
> > > > On Monday, state lawmakers took another shot at trying to cobble
> > together
> > > a
> > > > plan to rescue financially ailing Edison.
> > > >
> > > > While most concede that a rescue plan Davis worked out with Edison
> will
> > > not
> > > > win the necessary support in the Legislature, lawmakers have created
> > > > several working groups to come up with alternatives.
> > > >
> > > > Compromise plan
> > > >
> > > > On Monday, state Sen. Byron Sher, D-Redwood City, unveiled the latest
> > > > compromise proposal that seeks to protect average ratepayers and
> small
> > > > businesses from further rate increases and forces everyone else to
> help
> > > > finance the Edison bailout.
> > > >
> > > > The ``shared pain'' proposal would force power producers, owed about
> $1
> > > > billion, to take a 30 percent ``haircut'' and agree to forgive about
> > $300
> > > > million in Edison debts. Edison would be asked to swallow $1.2
> billion
> > --
> > > > about a third of its debt. And big users would be asked to pay off
> the
> > > > remaining $2 billion in debts, possibly by paying higher prices for
> > > power.
> > > >
> > > > In exchange, large companies would be given the opportunity to buy
> > power
> > > on
> > > > the open market, a system that would allow many of them to sign cheap
> > > > energy deals.
> > > >
> > > > Sher presented the proposal to Senate Democrats Monday afternoon, but
> > it
> > > > remains unclear how much support the framework will receive in the
> > > > Legislature.
> > > >
> > > > Contact Mark Gladstone at mgladstone@sjmercury.com or (916) 325-4314.


Hi Paul,

I've been reviewing the draft facilities agreement, which is now getting to
be a hot topic.  One thing to keep in mind is that we would really prefer
that the facility agreements not refer to the May 12 agreement, if this is
possible.  Could you please give this some thought and review the document
with this in mind?

I look forward to discussing this with you soon.

Thanks,

Kay


Amy,

Is Patrick Chris Mallory located in Portland or in California?  If
California, then he needs a slightly different agreement because non-competes
are not enforceable in California.

Let me know.  (I hope he is in Oregon!)

Thanks.

Michelle


Jason said you guys might show for the Sun ride - I'm doing the 50 miles -
but you could do 40 or 62.  Maybe I'll see you there??

Claire
X 3 0390
---------------------- Forwarded by Claire Broido/HOU/ECT on 03/17/2000 03:43
PM ---------------------------

Amelia Alder@ENRON
03/14/2000 06:50 PM
To: Amelia Alder/OTS/Enron@ENRON
cc:  (bcc: Claire Broido/HOU/ECT)
Subject: Enron Training Ride & Bluebonnet Express

Enron Training Ride - March 18
Bluebonnet Express - March 19

The 3rd ride of Dan Lyons' four-ride training series leading up to the MS150
will be Saturday, March 18, as described below, along with subsequent rides
in the series.   The terrain will range from what Dan considers to be light
hills, through moderately hilly to hilly, and the traffic on each ride will
be light to moderate.  The rides will not be sagged (although each of the
rides will have stores at various distances) and riders should come prepared
with water, food and the equipment necessary to repair flat tires.  The goal
will be to ride these rides at a pace between 14-16MPH and to get in a little
hill work before the MS150.  Although prior commitment is not a requirement,
Dan would appreciate some kind of a head count, so if you plan on doing one
or more of these rides, please email him at dan.lyons@enron.com or leave him
a voice mail at (713) 853-1648.  All rides will leave promptly at 8:00 a.m.
so be sure to arrive in time to be ready for a wheels up departure at 8:00
a.m..  Look for Dan in his electric blue Explorer of ancient vintage.

Saturday - March 18.  This ride will start from Magnolia Jr. High School in
Magnolia on FM 1774 just south of FM 1488.  This ride will go north to
Plantersville, do a loop to the west and then come back via Dobbin.  This is
a moderately hilly ride.  Mileage; low 50,s.

March 25.  This ride will start from Royal Jr. High School in Pattison about
three miles north of Brookshire off of either FM 359 or FM 362.  This is a
moderately hilly ride that goes up through Burleigh and Racoon Bend to
Belville and back by way of FM 529 and FM 359.  Mileage; low 60's.

April 8.  This ride will leave from the Tomball middle school on FM 2920 in
downtown Tomball about a mile east of the intersection of FM 249 and FM
2920.  This is a hilly ride.  It will go north through Egypt and Honea up to
Montgomery and then north and west to Richards in Grimes County via the Sam
Houston National Forest.  It will then loop west and south coming back via
Dacus and Dobbin.  This century will get you ready for the big ride.

          "Hope to see you," says Dan.

Sunday - March 19 - the Bluebonnet Express - please see attached for more
details, and if you're not registered, it's too late to register online, but
you can do so by fax or you can sign up the day of the ride.  Please join us
for this fantastic ride - We usually have lots of Enron riders, and it's a
very important training ride for the MS150 conditioning.