---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001
04:49 PM ---------------------------

"RiskNews Update" <listadmin@riskwaters.com> on 04/27/2001 11:57:36 AM
To: List Member <vkamins@enron.com>
cc:
Subject: RiskNews - RiskNews Update - 27/04/2001

RiskNews Update - http://www.RiskNews.net

==================================================================
RiskNews Update - week ending 27/4/2001
http://www.risknews.net
News for derivatives and risk management professionals
===================================================================

Dear Subscriber,

Welcome to RiskNews Update!

A week full of news for the risk management and derivatives professions
culminated in the RiskNews exclusive that World Bank treasurer and chief
investment officer Afsaneh Mashayekhi Beschloss has stepped down to become
a partner of Carlyle Group, the Washington-based private equity investor.
Beschloss oversaw a $48 billion investment portfolio at the World Bank, as
well as its $12 billion pension fund. A successor to Beschloss, who leaves
in May, has yet to be named.

The BIS, which issued a number of reports this week, found that financial
firms using one-day value-at-risk (VAR) models could be seriously
underestimating their exposure to market risk. The BIS said
liquidity-adjusted VAR models, which estimate risk using holding periods
determined by the length of time that would be required to unwind
positions, produce, on average, five times higher estimates of risk than
standard VAR.

In the operational risk world, two of the leading players PwC and NetRisk
have tied their resources to create a joint initiative called OpVantage
that will be headed by Dan Mudge, a co-founder of NetRisk. It aims to take
advantage of the introduction of an operational risk charge as stipulated
in the Basle II capital accord proposals.

Meanwhile, the value of non-performing loans held by Japanese financial
institutions is _151.1 trillion ($1.25 trillion), representing about 30%
of gross domestic product and 28% of total loans, according to the latest
figures released by the Democratic Party of Japan

On the technology front, GFInet's online FX options broking system is
likely to be postponed until May, due to delays in connecting clients to
the system, the firm said; while BNP Paribas and Commonwealth Bank
invested in BondsInAsia and asiabondportal.com, respectively.

Christopher Jeffery
Editor, RiskNews

Tel: 44 (0)20 7484 9880
E-mail:cjeffery@riskwaters.com

----------------------------------------------------------------------
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magazine's website http://www.Risk.net. Either send a message to us
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your marketing colleagues.
----------------------------------------------------------------------

RiskNews Update - 27/4/01

Headlines/Technology and Exchanges/People/Events

===================================================================
Headlines - 27/4/2001
===================================================================

27 April - Financial firms using one-day value-at-risk (VAR) models could
be taking account of just 20% of their exposure to market risk, according
to research carried out by a group of international regulators

27 April - Germany's new national debt agency, founded last September,
will stage its capital markets debut in early June when it takes on the
German finance ministry's debt management activities. Initially, the
Frankfurt-based Bundesrepublik Deutschland Finanzagentur will deal
primarily in money-market instruments - the finance ministry's main tools

27 April - The RISConsulting Group is preparing to roll out in the third
quarter a Web-based aircraft pricing facility, which the Boston risk
management company believes could trigger the creation of a new
derivatives market

27 April - ABN Amro Futures has created a new management structure for its
combined European operations, following the integration of its offices in
London and Paris

26 April - Weather Risk Advisory, the Cambridge, UK-based weather
derivatives software and consulting service, has launched its new weather
derivatives pricing tool, WeatherValue

26 April - UK regulator the Financial Services Authority (FSA) has
launched a review of its best execution rules. This could lead to policy
changes designed to ensure firms obtain the best price for customers when
buying or selling financial contracts, including derivatives

25 April - Global professional services firm PricewaterhouseCoopers has
teamed up with risk analytic provider NetRisk to offer what the firms hope
will become the pre-eminent third-party operational risk management
software provider to financial institutions

25 April - The Bank for International Settlements has published the
results of its first global survey on stress testing at major financial
institutions, reflecting the efforts of regulators to learn more about the
role of stress testing in risk management

25 April - Bear Hunter Specialists, a joint venture between US investment
bank Bear Stearns and Hunter Partners, has completed its purchase of the
specialist rights of Wagner Stott Mercator

24 April - There is still a significant lack of public disclosure from
banks participating in the derivatives markets, said the Bank for
International Settlements (BIS) in a new report conducted on behalf of the
Basel Committee on Banking Supervision

24 April - The value of non-performing loans held by Japanese financial
institutions is _151.1 trillion ($1.25 trillion), representing about 30%
of gross domestic product and 28% of total loans, according to the latest
figures released by the Democratic Party of Japan

23 April - Sovereign Bancorp, the parent company of Sovereign Bank, has
created a new finance function called the office of the chief financial
officer (OCFO) that will be led by James Hogan, who becomes chief
financial officer

23 April - GFInet's online FX options broking system is likely to be
postponed until May, due to delays in connecting clients to the system,
the firm said

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

*******************************************************************
Book now for Risk Training, last spaces still available for (
"Forecasting, estimating and applying correlation for option pricing, risk
management and portfolio optimisation"
(London 14 & 15 May 2001 & New York 21 & 22 May 2001).

The effective estimation of correlations between the price movements of
different assets remains a key aspect of risk management. This course will
focus on a range of topics, including:
 Incorporating correlation into an effective hedging and risk
management strategy
 Optimal correlation estimation techniques
 Modelling default correlation and understanding the impact on
portfolio credit risk management
For further information visit: http://www.risktraining.com/correlation

===================================================================
Technology and Exchanges - 27/4/2001
===================================================================

27 April - The US-based Options Industry Council, a non-profit
organisation set up to provide investor education about equity options,
and the Australian Stock Exchange, have formed an alliance to share
educational resources and options industry research

27 April - Tsterreichische Volksbanken, the central Austrian savings bank
based in Vienna, has chosen New York-based Summit Systems' STP Operations
software to replace its back-office system

26 April - Commodity market maker Chisholm is to implement Triple Point
Technology's Tempest 2000 enterprise-wide commodity trading software

26 April - The Singapore Exchange is soon to launch a futures contract
based on Singapore government securities bonds with a maturity of five
years, according to a report in a Singapore business daily

26 April - eSpeed, the New York-based developer of electronic
marketplaces, has purchased a patent for the electronic trading of futures
products. eSpeed operates the Cantor Exchange, a joint venture with the
New York Board of Trade, and said that its purchase of the Wagner patent
from Electronic Trading Systems Corporation will complement its existing
patent portfolio

26 April - Commonwealth Bank of Australia has made a strategic equity
investment in buy-side, pan-Asian online fixed-income trading platform
asiabondportal.com. The move closely follows an equity investment by BNP
Paribas in competing platform BondsInAsia, made on Monday this week

25 April - Swiss bank Banque Cantonale Vaudoise has selected Front Capital
Systems to provide software infrastructure to support the bank's equity
and fixed-income trading business

24 April - SunGard's Trading and Risk Systems unit has opened an office in
Seoul, South Korea, to help support three local banking clients

24 April - Derivatives contracts listed on the Singapore Exchange's (SGX)
electronic trading system SGX ETS can now be traded via electronic data
provider Bloomberg's terminals, the two organisations have announced

24 April - US banking group First Union has implemented DataSynapse's
WebProc software to enhance trading and straight-through processing in
fixed-income derivatives

23 April - French bank BNP Paribas has become the latest shareholder in
BondsInAsia, the regional fixed income-trading platform set to go live
later this year

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

*******************************************************************
Last opportunity to beat the deadline for the 'Telecoms Capacity'
subscription offer!  Subscribe before 30 April and save 25% on a
subscription to 'Telecoms Capacity', the latest addition to the Risk
Waters Group product portfolio.

Selected features from the latest April issue are now also available to
view at http://www.telecomscapacity.com

===================================================================
People - 27/4/2001
===================================================================

27 April - General Re Securities, the financial risk management products
dealer recently bought out by a team of former investment bankers,
including former JP Morgan chief financial officer Peter Hancock, has
unveiled a second round of new hires following its extensive marketing
additions earlier this month

27 April - Dan Eudy has been made president of Industrial Risk Insurers,
the Connecticut-based property insurance arm of Employers Reinsurance
Corporation, a GE company, while Ken Brock has been appointed head of GE
Global Asset Protection (SM) services group

26 April - Robert LeBlanc, a former managing director in credit risk
management at JP Morgan Chase, has joined the JP Morgan executive exodus
by leaving to become global head of portfolio management at Dresdner
Kleinwort Wasserstein

25 April - Commerzbank Securities has appointed three analysts to its
expanding credit research team, which means that eight credit analysts
have joined Commerzbank Securities since September 2000, out of global
team of ten

25 April - Electronic foreign exchange trading platform FXall has
appointed Jack Lemonik as its chief technology officer. This latest
addition to the management team comes as the firm claims to be in the last
stages of testing before the start of trading

24 April - Online derivatives services provider Cygnifi, a spin-off of US
investment bank JP Morgan prior to its merger with Chase Manhattan, has
hired Morgan Burkett as its chief legal officer and legal counsel

23 April - Lehman Brothers' expansion in FX derivatives and emerging
markets has been dealt a blow as Matteus Desselberger, who was hired to
manage the new group, decided to return to former employer Deutsche Bank

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

********************************************************************
RiskNews readers can receive a FREE May issue of "Emerging Markets
Investor" (worth $50). The May issue includes an exclusive interview with
Gloria Macapagal-Arroyo, President of the Philippines. Click here for your
FREE issue: http://www.EMIontheweb.com/mayissue

==================================================================
Events - 27/4/2001
===================================================================

Risk 2001 USA, Boston 12 & 13 June 2001 (

Hear the latest on the New Basel Accord at Risk 2001 USA in Boston, 12 &
13 June, 2001 - Risk magazine's biggest multi-stream event of the year!
Highlights include an interactive panel debate on the future of risk
management, keynotes from professor Robert Shiller, Yale University and
Erwin Zimmermann, Swiss Re New Markets. For a full listing of topics and
speakers please visit
http://www.risk-conferences.com/risk2001usa?caller=risknews_update

EPRM 2001 Houston, 14 & 15 May 2001 (

Book now for EPRM 2001 Houston in May, 14 & 15 - Energy & Power Risk
Management's 5th Annual Flagship Congress.
Delegates will benefit from in-depth presentations and interactive
discussions addressing key regulatory developments, modelling techniques
and risk management approaches that are shaping the energy industry.
http://www.eprm-conferences.com/eprm2001us?caller=risknews_update

CALL FOR PAPERS!  'MATHS WEEK 2001' (
New York, 12 - 16 November 2001
London, 26 - 30 November 2001
If you have a paper you would like to submit for inclusion in 'MATHS WEEK
2001', please contact Victoria Kerridge on +44 (0) 20 7484 0975 or by
email at mailto:vkerridge@riskwaters.com
(Deadline for submission is 1 June 2001)

For further information please visit
http://www.risk-conferences.com/mathsweek

---------------------------------------------------------------------
All event details can be found at either http://www.risk-conferences.com
or http://www.risktraining.com

______________________________________________________________________
To unsubscribe, write to financewise-unsubscribe@listbot.com


Start Date: 10/23/01; HourAhead hour: 4;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001102304.txt

Error retrieving HourAhead price data - process continuing...


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/16/2001
05:27 PM ---------------------------

"Btu" <subs@Btu.net> on 02/16/2001 04:21:08 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp021901.pdf


================================================================
Power Online  Newsletter  -- http://www.poweronline.com
Volume 3   Issue 80
Wednesday, August 23, 2000
================================================================
Welcome to this issue of Power Online's (http://www.poweronline.com)
electronic
newsletter brought to you by VerticalNet. VerticalNet recently launched a new
suite of capabilities for its Storefront customers. Among other things the
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******** FEATURED ARTICLES selected by April C. Murelio ****

1) The Cansolv System Process: A new paradigm for SO2 recovery and recycle
2) Exclusive Platts Report Offers Comprehensive Look at IPPs
3) AlterSys to buy CJ International, Transysoft
4) News and Analysis

----------------------------------------------------------------

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The Cansolv System is an aqueous amine-based regenerative gas desulfurization
process that promises SO2 removal down to a few ppm. It is flexible,
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Platts, an energy market information service and a division of The McGraw-Hill
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Hoping to solidify its position as a global supplier of embedded solutions and
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maker of ISaGRAF, the de facto standard in IEC 61131-3 industrial control
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Visit the Power Online News and Analysis page for the latest
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http://www.poweronline.com/read/nl19991209/40575

******** EDITOR'S CHOICE PRODUCTS ********

1) AC Drive
2) Potting and Encapsulation Selector Guide
3) FTA Retrofit System
4) Product Showcase

----------------------------------------------------------------

1) AC Drive
The Altivar 28 AC drive allows retrofitting to existing ALTIVAR 18 AC drives
without re-drilling boltholes or new programming. The compact, easily
installed
and programmed drives provide low-cost motor control solutions for industrial
and commercial users. They are best suited for applications in material
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http://www.poweronline.com/read/nl20000822/207593

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A new 2-page application selector guide on potting and encapsulation systems
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Waters Equipment Co. has introduced an FTA Retrofit System designed for users
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Power Online and its editor, April C. Murelio, select some of the best new
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No I'm not in bed.  Please print--I'll be in in an hour or so.  Thnaks.DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 01/28/2000
09:09 AM ---------------------------
   Jamie K Ginsberg                01/27/2000 04:45 PM

Sent by: Jamie Ginsberg
To: Drew Fossum/ET&S/Enron@ENRON
cc: David Foti/ET&S/Enron@ENRON, Mark Courtney/HOU/ECT@ECT, Davis
Thames/HOU/ECT@ECT

Subject: Updates

Please find attached the monthly load vs. delivery schedule (including
leap-year februarys) for the Hubbard transaction.  Also note that the word
minimum has been removed from the Restructuring Proposal per your request.

Please call me if you have any questions,

Jamie Ginsberg
x35696


Just respond to Angela with how many seats you think you'll need.
 -----Original Message-----
From: 	McCulloch, Angela
Sent:	Monday, August 13, 2001 9:54 AM
To:	Milnthorp, Rob; Davies, Derek; Le Dain, Eric; Zufferli, John; Hedstrom, Peggy
Subject:	Stampede Rodeo for 2002 - Important, Tickets go on sale Monday

July 7th - 16th are the dates for 2002 Stampede

Tickets for the 2002 Stampede Rodeo go on sale Monday, August 20 through Ticket Master.  I am enquiring how may tickets we would like.  Eric talked about possibly sitting in the Infield seats for our customer event or renting a suite.  Suites will not be determined until the beginning of 2002 once the major corporate sponsors have decided on if they wish to lease the suite for the day.  If you could please try to get back to me by Wednesday with ticket numbers.  I will order tickets on Monday when Ticket Master opens.

Infield apx $55
Regular Rodeo Seating apx $32

Suite cost about -
Super Suite - 2001 prices
Rodeo Only includes 50 suite tickets for Afternoon Rodeo only
July 6-13	$13,520
July 14-15	$14,870
Chuckwagons Only includes 50 suite tickets for Chuckwagon Races only
July 6-13	$6,760
July 14-15	$7,435

Thanks for your request for information on the Calgary Stampede's Infield
Suites.  The Stampede's inventory of Infield Suites for the entire 10 days
of Stampede are held by our major corporate sponsors who have licensed the
suites as part of long-term contracts.

Each year, however, a very limited inventory of suites are offered back to
us from some of our 10-day suiteholders in "whole-day packages" -- what that
means is we receive back both the rodeo performance and chuckwagon race
performance to be sold as a package.

This "return" of suite dates does not traditionally occur until the new
year, when the companies begin to firm up their plans for the upcoming
Stampede.  Until then we maintain a waiting list of companies wishing to
lease suites for a single day or days.

To be added to the wait list, I require a request in writing with all
company details and preferred dates for Infield Suite use.

Please let me know if you have any other questions, I would be happy to
assist.

Ken Knight
Premium Seating Manager
Calgary Stampede
Infield Suites & Ranahans
Phone: (403) 261-0423   Fax: (403) 264-0299
kknight@calgarystampede.com

Angela McCulloch
Enron Canada Corp.
Phone: (403) 974-6738
     Fax: (403) 974-6991


You are so sweet.  Thank you.  WHAT are you doing working so late????!!!!!


To make sure that everyone is on the same page, my understanding is that Thane "owns" this issue from top to bottom - Thane needs to make the recommendation about moving forward or not.

Please keep me in the loop.

Jim

 -----Original Message-----
From: 	Hetrick, Nancy
Sent:	Monday, August 13, 2001 11:28 AM
To:	Steffes, James D.
Subject:	FW: Physical Delivery in SPP

FYI!

 -----Original Message-----
From: 	Wagner, Joseph
Sent:	Monday, August 13, 2001 9:21 AM
To:	Hetrick, Nancy; Twiggs, Thane
Subject:	RE: Physical Delivery in SPP

Nancy and Thane,

Thanks for sending this email.  We are in the process of evaluating our appetite for business in SWEPCO and GSU.  We do have load in both of these areas (non in WTU).  The load in SWEPCO is likely to go away in a negotiation process with Rexam.  However, we are running some numbers based on our curves and the prevailing tariff for a normal load shape customer in GSU and SWEPCO.  We are looking at possible negotiating with these utilities to purchase their 15% at reasonable prices so as not to hurt them with a low price to beat and have large stranded costs in the process.  I think the sooner Enron can participate in these markets ahead of competition, the more value there is to take advantage of.  I will let you know what our analysis indicates.  Thanks again for your email.

-Joe

 -----Original Message-----
From: 	Hetrick, Nancy
Sent:	Friday, August 10, 2001 2:46 PM
To:	Merola, Jeff; Herod, Brenda F.; Smith, Ben; Woodward, Jason; Fite, Rebecca; Wagner, Joseph
Cc:	Twiggs, Thane; Ryall, Jean; Kingerski, Harry; Steffes, James D.
Subject:	Physical Delivery in SPP

The Staff of the PUCT has filed a petition to determine whether the market institutions and participants are ready for competition in the Texas portion of SPP (SERC), namely Entergy Gulf States, SWEPCO,  and WTU power regions, copies attached.  Staff has also requested the PUCT to suspend the capacity auction for Entergy and SWEPCO but not for WTU.  The petition requests the PUCT to make the determination at the November 1, 2001, meeting and to suspend the capacity auction at the August 23, 2001, meeting.

In support of their petition, staff argues that there has been limited participation in the SERC region, based on an "informal survey" of the staff.  Staff also explains that the FERC has not yet approved a RTO for the SERC region (SPP).  Staff is concerned that if auction of capacity results in a low price, this will have a detrimental effect of the affiliated REPs headroom under the price to beat determination as it is all tied to the price of capacity at the auction.  In addition, staff is concerned if Entergy or SWEPCO sells 15% of their capacity and are required to serve 100% of their load.  The staff has not requested a delay in the WTU capacity auction due to the fact that the WTU capacity is located in ERCOT and WTU's relatively small load.

In order to prepare for filing comments, if neccessary, Enron Government Affairs would like to know the following:
1)  Does EES/EWS have signed contracts for physical delivery in Entergy, SWEPCO or  WTU?
2)  What amount of load do we have contracted in each utility within SPP?
3)  It appears that SPP will not open and no RTO will be in place on 1/1/02.  Therefore, is EWS prepared to operate in SPP under the existing control area structure?

Please forward your responses to Thane Twiggs and myself.  Also, please feel free to contact either of us if you have any questions.  Thanks.

Thane Twiggs	713-853-3199
Nancy Hetrick	712-366-3399


Carolyn,

Please make arrange for distribution to the Delta team.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 04/09/2001 03:45
PM ---------------------------

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 04/09/2001 03:23:08 PM
To: "'kay.mann@enron.com'" <kay.mann@enron.com>
cc: "Johnson, Lee L (PS, GE AEP)" <lee.johnson@ps.ge.com>

Subject: Salmon Energy: Consent and Assignment Agreement

Kay:

Here are my comments to the consent and assignment agreement.

Kent

 <<NY003699615_.doc>>

 - NY003699615_.doc


what do you think?  why don't you give him a call
---------------------- Forwarded by Greg Whalley/HOU/ECT on 02/28/2001 05:22
PM ---------------------------

James A Hughes@ENRON_DEVELOPMENT
02/26/2001 10:32 AM
To: Greg Whalley@ECT
cc:
Subject: Paul Nelson

Greg:

This is the resume of my friend that I dropped you a note about last week.
Let me know if you think we might be interested in talking to Paul.

Jim
---------------------- Forwarded by James A Hughes/ENRON_DEVELOPMENT on
02/26/2001 09:47 AM ---------------------------

"Paul A. Nelson" <PAN@iowagrain.com> on 02/26/2001 09:21:19 AM
To: "'jhughes@enron.com'" <jhughes@enron.com>
cc:

Subject: thanks

Jim, thanks again for your help.  Paul

 <<Paul Nelson Enron 2-26.doc>>

 - Paul Nelson Enron 2-26.doc


do you want me to take care of routing this?
thanks
Sheri
---------------------- Forwarded by Sheri Thomas/HOU/ECT on 10/03/2000 12:31
PM ---------------------------

"Crump, Andrea (US - Atlanta)" <acrump@dc.com> on 09/28/2000 04:22:24 PM
To: Sally.Beck@enron.com, Sthomas@enron.com, Carrie.Slagle@enron.com
cc:
Subject: Resume of Zach Streight

Hello,

Thank you in advance for taking the time to review Zach's resume for
potential opportunities at Enron.? I appreciate your offer to identify if
there are areas within Enron that could utilize his technical, business and
project implementation skills.

Zach has worked the past 4 years as a technical consultant in our Customer
Relationship Management practice of Deloitte Consulting.? His experience
demonstrates a broad range of technical and business expertise working for
clients such as the State of California, Puget Sound Energy and Kaiser
Permanente.? Zach also played an integral role in the international
e-commerce project based in Switzerland.

Zach is interested in finding a position which will enable him to leverage
his technical skills in a business role for a company.? His contact
information is listed on his resume if you feel as though his skills would
meet the needs of a division within Enron.

Thank you again for your time,

Andrea Crump
# 404-631-2062 - work
# 713-859-7850 - cell
# 916-772-1624 - home

Attachment: Zach Streight.pdf (resume)

 <<Zach Streight.pdf>>

 - Zach Streight.pdf


Below is a brief summary of the five Executive Orders issued by Governor
Davis on 2/9/01.

For those of you that want the Cliff Notes Version:

These Orders appear to be an attempt to accomplish three things:

1.  Expedite Siting for New Powerplants and Expansions or Modifications of
Existing Powerplants
2.  Maximize Output and Minimize Outages at Existing Facilities
3.  Centralize Authority and/or Mitigate Issues Impacting Powerplant Siting
and Construction

The tone is both one of we feel your pain in the complexity of permitting
powerplants; and that we will tolerate no excuses for not running at full
capacity.  (ie; the carrot and the stick)

They also includes some targeted incentives to encourage powerplant operators
to sell their power under contract to the State Dept. of Water.

Some of the critical issues impacting the effectiveness of these orders will
be:

- How much capacity is truly "idling" and will be able to be brought back on
line or increase its output?
- Will the state be able to better manage air quality issues and create
flexibility within the framework allowed by the Clean Air Act in order to
positively change the air quality issues impacting power plant construction
and operation?
- How quickly can the accelerated permitting procedures be implemented and
how soon will we see movements in the market to increase new generation given
the other issues in CA?

We will continue to analyze the impacts of these orders, but wanted to get
information to you in a timely manner.

D-22-01  Increased Output/Expedited Siting Mandates

CEC exemption from siting requirements for increased output by existing power
generators.
- limited to less than 50MWs using existing installed capacity b/w
06/01-10/01/01

Expedited processing of applications for certification of existing thermal
powerplants that require retooling and a current license to operate.

Accelerated review from all agencies involved in the licensing of proposed
thermal powerplants.

Action by the State Water Resources Control Board  to insure wastewater
issues do not preclude thermal powerplants from operating.

Requirements for the State Dept. of Water Resources to purchase power from
powerplants using renewables and other resources that may currently have not
other market for their power.

Expires  12/31/01 unless extended

Analysis:

This Order is intended to take away the excuses for why some powerplants are
currently not operating or not operating at full capacity.  It does not waive
air quality requirements (they are addressed in a separate order).

D-23-01  Appropriate Maintenance and Efficient Operation Requirements

ISO Requirements:
- Require generators to submit planned outage schedules to the ISO
- Prepare a coordinated outage plan to be updated quarterly
- Identify generation maintenance criteria to be met by generation facilities
- Maintain records of any unplanned generation facility outages and provide
those records to Electricity Oversight Board
- Conduct independent audits of generation facilities that have fallen below
performance benchmarks est. by the ISO
- Consider seeking the authority under state law of federal regulation to
impose fines on those generation facility owners whose generation facilities
have fallen     below performance benchmarks est. by the ISO

Requires that the Electricity Oversight Board review the ISO Tariffs and
Protocols to identify any necessary revisions to increase the ISO's ability
to ensure adequate power during peak demand.

Instructs the CPUC to ensure that generation facilities still owned by
utilities are operated as required to maintain reliability.

Requires the Electricity Oversight Board to propose legislation to expand its
authority to issue audits of generation facilities that do not meet est.
benchmarks for availability and performance, and issue fines against those
plants, after a hearing.

Analysis:

Again, the tone of this order is that the state won't tolerate outages as an
excuse for not generating.  It is also an attempt to better manage planned
outages to prevent situations that happened last fall when too many plants
where off-line for maintenance at the same time.

D-24-01  Air Pollution Flexibility and Mitigation Measures

Mandates that local air districts modify emissions limits that limit hours of
operation in air quality permits to ensure that power generation facilities
that provide power under contract to the Dept. of Water Resources are not
restricted in their ability to operate.
- Requires air districts to require a mitigation fee for all applicable
emissions in excess of the previous limits
- If air districts do not comply, the Board (CARB?) shall impose
modifications on the permits in lieu of districts

The Board shall establish an emissions reduction credit bank using emissions
reductions from all available sources:
- Credits will be made available to powerplant peaking sources that need
emissions offsets in order to add new or expand peaking capacity for the
Summer Peak Season in 2001
- In the case of powerplants that agree to sell their power under contract to
the Dept. of Water Resources, CA will make available where necessary and
available the required emissions credits at up to a 50 percent reduction,
- In order to maximize the amount of electrical generating capacity,
emissions reduction credits for new generation capacity shall be provided to
facilities where necessary and available.
- Proceeds from the sales of these emission reduction credits shall be made
available to fund emissions reduction programs in the air district where the
new or expanded facility is located.

Expires 12/31/2001 unless extended

Analysis:

This order requires the air districts to modify permit limits on run hours
for air quality reasons by allowing those powerplants that sell to the Dept.
of Water to pay a mitigation fee and creates an emission reduction credit
bank available for use by other sources.  There are a lot of details that
remain to be clarified, including how the state is going to locate emissions
reduction credits where developers were unsuccessful.  However, it is a step
in the right direction by creating flexibility and beginning to drive
authority back to the state level.

D-25-01  Acceleration the Construction and Upgrading of Approved Powerplants

Expedites review and approval of post-certification amendments to increase
output from thermal powerplants by the Energy Commission.

Authorizes the Energy Commission to suspends the requirements of the statutes
and regulations that normally control post-certifications to the extent that
they impact prompt mitigation of this emergency.

Requires the Energy Commission to establish milestones for both initiation of
construction within one year of certification, and for the construction phase
of the project.  Failure to meet milestones without prior approval by Energy
Commission based on a showing of good cause shall constitute forfeiture of
the certification.

Expires 12/31/01 unless extended

Analysis

Again, no excuses for not getting your powerplant modifications approved and
completed in a timely manner.

D-26-01  Accelerating the Availability of New Generation Sources

Requires all relevant agencies shorten the review periods to 7 days for
required environmental impact documents prepared under CEQA for all
powerplants that are not subject to the Energy Commission (under 50MWs) and
that are proposed to be on line by summer 2001.

 Energy Commission shall expedite its licensing process in the following ways:
- Expedite processing of applications for peaking or renewable powerplants
for construction and operation by July 31, 2001.
-Peaking or renewable powerplants that have a current contract with the ISO
and can be online by July 2001 may also apply to be permitted by the Energy
Commission under the emergency siting process.
-Rules which provide a license for a simple cycle thermal powerplant within
four months, shall apply to any proposed simple-cycle thermal powerplant that
can be brought on line by August 31, 2002  and that have an application for
certification complete by Dec. 31. 2001.
-Under regulations for the expedited licensing of powerplants, emission
offset credits are not required at the time of filing an application for
certification
-The Energy Commission shall conduct a study of potential peaking power sites
in the state and prepare a report by 02/21/01  identifying those areas of the
state that would benefit from the installation of peaking powerplants to
augment supplies and ensure reliability through the summer of 2003.

IOUs must complete necessary interconnection studies within 7 days of receipt
of completed application.

Expires 12/31/01 unless extended.

Analysis:

This is an attempt to accelerate the permitting of smaller sources and
peaking units.


Commercial:	$269 (includes facility costs)

Support Depts/Corp Charges: $299 (includes estimated $100M for bonuses)


FPC, FPL and TECO filed a lengthy response to all the protests of its amended
filing.  Recall that EPMI filed a protest asking GridFlorida to implement a
real time energy market and remove the day ahead balanced schedule
requirement.   Dan Staines and Mike Roan are doing a good job because rather
than replying that the real time energy market is a bad idea, the GridFlorida
utilities responded that they are not necessarily opposed as a theoretical
matter, there were some practical considerations that led them not to include
such a market in their proposal, including "(1) concerns that unbalanced
schedules will not work without either some form of forward market or a
centralized unit commitment process; (2) concerns that GridFlorida be able to
demonstrate the ability to administer a market with balanced schedules before
considering unbalanced schedules; and (3) concerns about the impact of market
power in the region on the larger real-time energy market that would result
from unbalanced schedules."  Grid Florida then stresses that the decision to
require balanced schedules is not necessarily meant to be permanent and the
ability to submit unbalanced schedules, if not raised sooner, would be an
issue for further consideration in the report on market design due within 18
months after commencement and that GridFlorida has complete freedom to
propose changes to its tariff, which it could do at anytime (through the
Advisory Committee.)

Lynette Barnes has a copy of the complete filing.


We have received the executed Non-Disclosure Agreement dated 11/20/00 between
the referencec Counterparty and Enron Net Works LLC and EnronOnline, LLC.  A
copy will be sent to Dave Samuels.


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Thought you might be interested in this when I found it today.

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Fool.com: Annuities -- Annuities: What's to Like?
 (http://www.fool.com/retirement/annuities/annuities01.htm)
Annuities: What's to Like?

As we so often do, let's start with some Foolish conclusions on annuities
(so those who absolutely don't want to read all about them have a quick
exit strategy) and then explain what they actually are. It's no secret
that within the confines of Fooldom, we're not enamored with tax-deferred
annuities (TDAs). We do not find ourselves waxing eloquent, sending
chocolates, or writing Foolish love poems to annuities, as we sometimes do
to individual stocks. The reasons for this are that annuities by and
large:
are too expensive
offer mediocre insurance coverage
restrict the owner's investment choices to so-so, ho-hum, quasi-mutual
fund subaccounts
do, as advertised, provide for tax-deferred investment growth, yet that
growth is taxed at ordinary income tax rates on withdrawal
lack liquidity
We strongly believe that Foolish investors can generally do far better for
themselves elsewhere. Indeed, unless you simply haven't been keeping up
with the stories of how brokers are getting rich with big commissions, and
feel a bizarre need to help out the brokerage community, you should
maintain a strong bias against annuities. They are desirable only (if
ever) for those who:
Have contributed the maximum to their 401(k) plans and IRAs and desire
further tax deferral on investment gains.
Prefer investing in mutual funds as opposed to individual securities.
Will keep the annuity for at least 15 to 20 years.
Are in a 28% or higher income tax bracket today, but expect to be in a
lower income tax bracket in retirement.
Don't need the annuity proceeds prior to age 59 1/2.
Are unconcerned that heirs must pay ordinary income taxes on any
appreciation.
Desire a "guaranteed" income for life in retirement.
If you meet all of those conditions, then an annuity may be quite
appropriate -- but that's a pretty select group of people. Nevertheless,
annuities are promoted and sold by brokers and insurance agents like
they're the some kind of panacea for your retirement. Is that right?

The Basics
Let's back up for a moment, and, now that we're in the middle of things,
restart from the beginning. What, after all, is a tax-deferred annuity?

Regardless of who sells it to you (broker, 401(k) plan, Martian), a TDA is
a contract between you and an insurance company. In exchange for getting
your hard-earned cash today, the insurance company agrees to pay you an
income for a specified period or for your life. Those payments may start
at some date in the future or they may start on the day you buy the
contract.

If the payments are delayed until the future, you have what's called a
deferred annuity. If the payments start immediately, you have an immediate
annuity. You pay for an immediate annuity with a lump sum of cash on the
day you buy it. You pay for a deferred annuity either with a single
lump-sum payment or with a series of payments made over a number of years.
Your investment in the annuity will earn a return, and those earnings will
grow untaxed until you receive annuity payments. Be aware, though, that
unless you purchase an annuity within an IRA, you will receive no tax
deduction for any investment you make in a TDA -- just a tax deferral on
your annuity investment earnings.

The Types
Tax-deferred annuities come in three flavors: fixed, variable, and
equity-index.
Fixed Annuities: As the name implies, a fixed annuity provides a
locked-in, guaranteed rate of return on the investment and a fixed, stable
income in its payout phase. A fixed annuity thus provides a steady
retirement income -- but this steady return can and will be eroded by
inflation. Options are available (at a price, always at a price) to have
your annuity payments increase by 3% to 5% each year should you so desire.

When used, the payments under that feature would initially be lower than a
fixed payment, but over the years the payments will steadily increase at
the specified rate. For those expecting to live many years, the added cost
of this feature might be worth the price, but expect to pay dearly for
this option.

Variable Annuities: Probably the most popular form of annuity these days,
a variable annuity allows the purchaser to decide how to invest the money
within a range of mutual fund look-alike investment options offered by the
insurance company. These investments are called "subaccounts." They often
carry the same name and are operated by the same investment managers as
publicly offered mutual funds, and they will typically offer a selection
of stock, bond, and money market subaccount investments. Nevertheless,
they are not the same funds because by law they cannot be.

While these subaccounts may invest much like a mutual fund, subaccounts
almost certainly will have a different and higher expense structure, and
possibly a far different return than that of the public mutual fund. Thus,
like a mutual fund and unlike the fixed annuity, the returns of the
variable annuity are not stable, and will vary along with the markets.
While this variability does carry downside risk, it nevertheless affords
the annuity buyer the ability to participate in the potentially greater
returns of the stock market. As the stock market rises, so does income
derived from an investment in a stock subaccount. Conversely, as the
market declines, so will income. Still, over the long-term, a variable
annuity invested in a stock subaccount should provide a much better
opportunity for inflation-protected income than a fixed annuity.

Equity-index Annuity: A recent innovation in the insurance industry, an
equity-index annuity is a form of a fixed annuity contract tied to a stock
index that provides the opportunity to earn returns better than those in a
traditional fixed annuity, but less than those of a direct investment in
the market itself. In this contract, the insurance company invests in a
mix of bonds and stock options designed to give a targeted participation
rate (explained below) on the return of a particular index (e.g., the S&P
500 Index). While the purchaser has no choice in the investment itself, he
or she is able to participate to a degree in stock market gains during a
rising market. If stocks fall, then the contract guarantees a minimum
return, typically 3%. Because of that guarantee, the equity-index annuity
has less downward volatility than the variable annuity.

There's no such thing as a free lunch however, so the equity-index annuity
will also limit the maximum returns of a rising market as compensation for
that guarantee. Most equity-index annuities use something called a
"participation rate" to limit returns. For instance, the insurance company
may declare a participation rate of 90% (some companies are as low as
50%), which means the annuity would be credited with only 90% of the gain
experienced by the equity index for that year. If the index gained 10%,
then the gain in the annuity would be 9% for the year.

And that's not the only way these annuities limit the return. Most will
also tie equity-index returns to those deriving from market price changes
only, and exclude any return due to the payment of dividends. As an
example, in 1998 the total return (i.e., capital gains and dividends) for
the S&P 500 Index as reported by Ibbotson Associates was 28.6%, while that
for just capital gains (i.e., market price) was 26.7%. An equity-indexed
annuity tied to the S&P 500 Index would typically use the smaller 26.7%
return. Couple that with a participation rate of 90%, and the return in
the index annuity becomes just 24%, some 4.6% below the total return of
the market. How's that for a double-whammy?
It's Your Choice
For retirees, an annuity offers the assurance of a stream of income for
life or for a specific period of time. For those who fear the potential
loss of all their money because of poor investment choices, that
"guarantee" is important. As Fools, we recognize that this "fear factor"
is real and does enter into many people's investment decisions.
Accordingly, we fault no one who chooses lower risk approaches, and that's
especially true of those who are retired.

But as Fools, we do urge those interested in annuities to recognize their
costs, their investment limitations, and their limited potential for
passing on wealth to heirs. If, after evaluating all those factors, an
annuity still appears appropriate, then as Fools we also urge the purchase
of a low-cost annuity such as one offered by Vanguard, T. Rowe Price,
Fidelity, AnnuityNet.com, or (in some states) TIAA-CREF. Why pay
commissions and high expenses when you don't have to? That enriches the
fat cats at your expense, and no Fool wants to do that. Keep the money in
your pocket instead.

Annuities market themselves on the basis of their ability to avoid
taxation on investment growth through tax-deferral. While it is true that
taxes on earnings are deferred within an annuity, this may not be achieved
in a way that is quite as useful as it sounds. Read about the real pros
and cons of annuity tax-deferral next.

Next: Annuity Taxation »

The Motley Fool is dedicated to Educating, Amusing, and Enriching
all visitors to their website at
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This is going to sound like empire building. But I need to know what we're doing with PGE.  I don't need to participate in the calls--but I do need to know.  The PGE folks need to have confidence that I'm aware of our positions and plans.

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Monday, October 29, 2001 9:04 AM
To:	Steffes, James D.
Cc:	Kaufman, Paul
Subject:	RE: PGE Imbalance Charge

We are having a conference call tomorrow with PGE.  They did not decide anything on the last conference call after I told them why Enron retail in the East likes the Duquense type imbalance (no bandwidth, thus no penalties-- imbalances settle at verifiable system lambda).  John Malowney of EPMI west desk likes the bandwidth, but we are discussing it further since it has created problems for the East EES desk (due to the penalties associated with being outside the bandwidth).  John likes the PGE proposal to settle at an index price, but PGE is reconsidering that aspect.

Unfortunately, I don't know of any TPs that allow a bandwidth without penalties.

Let me know if you want to participate in the call.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, October 29, 2001 10:50 AM
To:	Nicolay, Christi L.
Cc:	Kaufman, Paul
Subject:	PGE Imbalance Charge

Christi --

What's the latest on the PGE imbalance method??

Jim


Jim:
This is the load schedule data that the PUC Market Oversight Division
analyzed concering overscheduling of load in August of this year and that we
would like to discuss with the ENRON QSE.

 <<LI QSE26.xls>>

Danielle Jaussaud
Director of Economic Analysis
Market Oversight Division
Public Utility Commission of Texas
phone: 512-936-7396
Fax: 512-936-7361

 - LI QSE26.xls


Time:  Tuesday, May 08, 2001 10:00 AM-11:00 AM.
Location:  TBD
Topic:  Please reply and let me know if you are available to discuss the
Utility Track for the 2 new    Analysts that will join your group this
summer.  We need to identify responsibilities the    analysts could have at
each desk.


-----Original Message-----
From: 	The Power Marketing Association <info@pmaconference.com>@ENRON
Sent:	Monday, February 04, 2002 1:27 AM
To:	Baughman Jr., Don
Subject:	Power Markets 2002  -  April 17-18   Las Vegas, NV

[IMAGE]
 	 POWER MARKETS 2002:  Risk and Reward
 	April 17-18, 2002  Las Vegas, NV
		[IMAGE]
 	  Sponsored by The Power Marketing Association Download Brochure at: http://www.pmaconference.com/markets2002.pdf    Attend the Power Marketing Association's Seventh  Annual Spring Conference:  Power Markets 2002: Risk  and Reward, April 17-18, 2002, at the Excalibur Hotel in  Las Vegas, Nevada.  We will see record numbers of new powerplants coming  on line this year. New, much larger RTOs promise  dramatic increases in liquidity. The Enron fallout will  continue to force balance sheet improvements-- perhaps  more mergers and acquisitions. Price volatility will  continue, and risk management techniques will continue  to be honed.   Come hear the experts who will help you survive and  thrive in 2002!   Topics   Transmission and RTOs: Representatives from  PJM, Cal ISO and Midwest ISO on their respective  regions.  Credit: Susan Abbott of Moody's on evolving  credit standards in our industry  Insurance: Scott Ettien from NCM, Lynda  Clemmons from  Element Re and Pat Toner Goudarzi from ACE, on Credit  Insurance, Weather-risk Insurance and Innovative  Insurance Products, respectively  Exchanges: Monte SImpson of InterContinental  Exchange and Brad Leach of NYMEX on the growth in the  use of exchanges.  Markets: Chris Pollatos of Mirant, Dave Freeman  of Panda and Mike Young of Aquila on the state of  various aspects of the power markets.  And More! Cabell Poindexter of Wyndham Mills on  job prospects! John OBrien of Skipping Stone on the  outlook for Transmission! Henwood on outlook for  powerplant construction! Adrian Palmer of Caminus Corp  on European Markets!   Fundamentals of Power Marketing.  On April 16,  Scott Spiewak will be repeating his "Fundamentals of  Power Marketing" preconference seminar. Essential for  the new industry participant, it is also a valuable  overview for the industry professional.   Download Brochure at: http://www.pmaconference.com/markets2002.pdf    The Power Marketing Association  PowerMarketers.com   email: info@pmaconference.com  voice: 201 784 5389 web: http://www.PowerMarketers.com
 	 	[IMAGE]

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---------------------- Forwarded by Darron C Giron/HOU/ECT on 09/05/2000
08:59 AM ---------------------------

Scott Crowell <scott.crowell@oracle.com> on 08/16/2000 02:44:47 PM
To: undisclosed-recipients:;
cc:
Subject: [Fwd: FW: SHALOM!]

Return-Path: <JValent@entergy.com>
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From: "Valentz, Jason" <JValent@entergy.com>
To: "'Ben Raymond'" <bray777@swbell.net>, "'Chuck Wall'"
<ctwall@juno.com>,        "'Duane Marks'" <dmarks5120@aol.com>,        "'John
Cary'"  <jcary@comcoreservices.com>,        "'Mike De La Mora'"
<michaeldelamora@pdq.net>,        "'Robbie Alfonso'"
<balfonso@kobelcoamerica.com>,        "'Scott Crowell'"
<scrowell@us.oracle.com>,        "'Scott Ferguson'"
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Subject: FW: SHALOM!
Date: Tue, 15 Aug 2000 15:33:38 -0500
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boundary="----_=_NextPart_000_01C006F7.64DDAEF4"

-----Original Message-----
From: Lindroos, Rob
Sent: Tuesday, August 15, 2000 3:11 PM
To: Valentz, Jason
Subject: FW: SHALOM!

-----Original Message-----
From: Davis, Joseph
Sent: Tuesday, August 15, 2000 3:03 PM
To: Lindroos, Rob
Subject: FW: SHALOM!

-----Original Message-----
From: Washington, Tony [mailto:WashingtonT2@epenergy.com]
Sent: Thursday, August 10, 2000 1:31 PM
To: 'jdavi12@entergy.com'
Subject: FW: SHALOM!

Ya girl is over here.  You know who.

> -----Original Message-----
> From: Bloom, Lloyd
> Sent: Thursday, August 10, 2000 1:21 PM
> To: EPME Power-Hicks; EPME Power-Regulski
> Subject: FW: SHALOM!
>
>
>
> -----Original Message-----
> From: Matthew Lipman [mailto:mlipman@natsource.com]
> Sent: Thursday, August 10, 2000 11:20 AM
> To: 'llbloom@alum.mit.edu'; 'jal54@aol.com'
> Subject: FW: SHALOM!
>
>
>
>
> -----Original Message-----
> From: Stanley Aizenstark
> Sent: Thursday, August 10, 2000 12:04 PM
> To: Matthew Lipman
> Subject: FW: SHALOM!
>
>
>
>
> -----Original Message-----
> From: Richard Heffernan
> Sent: Thursday, August 10, 2000 11:40 AM
> To: Stanley Aizenstark
> Subject: FW: SHALOM!
>
>
>
>        =20
>
>                  <<MPEG movie>> =20
>        =20
>  <<MPEG movie>>

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

 - shalom.MPG
 - scott.crowell.vcf


----- Forwarded by Sara Shackleton/HOU/ECT on 08/11/2000 04:22 PM -----

	Trena McFarland
	08/10/2000 10:04 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Donna Lowry/HOU/ECT@ECT
		 cc:
		 Subject: FX Transactions

file attached below
---------------------- Forwarded by Trena McFarland/LON/ECT on 10/08/2000
16:06 ---------------------------

Jon Barrett@MGLTD
07/08/2000 11:46
To: Justin Boyd/LON/ECT@ECT, Janine Juggins/LON/ECT@ECT
cc: Trena McFarland/LON/ECT@ECT, Kevin Rhodes/MGLTD_London/MGLTD@MGLTD, Sid
Tipples/MGLTD_London/MGLTD@MGLTD, Alfred Pennisi/NYC/MGUSA@MGUSA, Andrew
Cornfield/LON/ECT@ECT

Subject: FX Transactions

We received the attached from Sullivan & Cromwell re the FX business and the
possibilities of using a US companyn which company to use for contract
purposes. At a meeting here at MG today, the consensus/preference was not to
use a UK company as we have no full ISD (chapter 10) firm nor the wish to
change MG's status.

Per the advice from S&C, we like the idea of using a US corporation with a UK
"arranger" to cover any UK regulatory issues that arise. Dependent on where
the business will end up (I understand to be discussed by Gary Hickerson/Mike
Hutchinson 18th August), the following appears to be the among the logical
solutions:

1. Contractual entity - either Enron North America, MG London Inc or Newco
Inc.
2. Arranger - either EEFT Ltd, Metallgesellschaft Ltd or MG Brokers Ltd
(depending on the effect on their chapter 3 status for the last two).

The current customer base consists of entities in the US, Canada, France, UK
and Switzerland.

Please advise on any group/tax issues that can affect the final decision. If
you need any further information, please let me know.

Many thanks.

---------------------- Forwarded by Jon Barrett/MGLTD_London/MGLTD on
07/08/2000 15:59 ---------------------------

GILBERGD@sullcrom.com on 06/08/2000 15:45:55
To: jbarrett
cc: RAISLERK@sullcrom.com

Subject: FX Transactions

eSafe Protect Gateway (tm) has scanned this mail for viruses, vandals and
suspicious attachments and has found it to be CLEAN.

File: 62cy01!.DOC (38,400 bytes)
Encoding: Base64
Result: Clean.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Attached is a draft of the memo we discussed on the proposed FX business.
Please call or e-mail with any questions.  Best regards.

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - 62cy01!.DOC


Shemin,

I got the information you requested so that you could revise MRT's permanent release instruction letter.  Time may be of the essence on Monday morning.  Assuming we get the official word on approval from the Creditor Committee early Monday morning, we will need to be in a position to send the revised letter back to MRT late Monday morning.  Basically I begged them to give us until Monday afternoon before the Motion is filed.

Here is the information:

K# 416		Enron Energy Marketing Company
		Termination Date of 10/31/2004
		577 Dth/day MDQ
		Maximum FTS Tariff Rate
		Evergreen and ROFR Rights

K# 434		Enron Energy Services
		Termination Date of 15/31/2004
		3,583 Dth/day MDQ
		Maximum FTS Tariff Rate
		Evergreen and ROFR Rights

MRT has found three counter-parties willing to step into EES's and EEM's contract obligations via permanent capacity releases.  They are National Steel; Village of Dupo, Illinois; and City of Waterloo, Illinois.

With respect to K # 416 and the unusual Enron counter-party name.  EES purchased PG&E Energy Services gas book several years ago.  This MRT transportation contract was a part of that gas book of transactions.  It is probably because of this acquisition that a different EES counter-party was used.  MRT confirms that this contract has a counter=party name of Enron Energy Marketing Company (Duns #941565582).

An effective date of April 1, 2002 for the permanent releases is still everyone's goal.

Thanks,

Ruth Concannon
(713) 853-1667
ruth.concannon@enron.com


Teco Tap       150.000 / HPL Gas Daily


INTEROFFICE MEMO

From: John Lavorato & Dave Delainey

To: All of ENA and EES

Re: ENA and EES Industrial SIC Codes

As Enron continues to build its origination and customer business in the US, it is becoming increasingly important that both ENA and EES target the appropriate industries and customers with our respective value propositions.  Double coverage and duplication waste resources and damages Enron's reputation in the market place.  It is also important that the right product, solution and sales technique are utilized to ensure the maximum benefit for our customers and Enron.

Consistent with the past, EES will be focused on those SIC codes or industries that are less energy intensive and are less sophisticated in their management of energy.  ENA shall continue to target and cover those industries and customers that are very energy intensive and employ significant process load.  We ask that both organizations respect the boundary.  In those few cases where this policy is not appropriate, please over communicate to ensure close coordination between ENA and EES before customer contact.

Effective immediately in the US and regardless of total energy consumption or number of sites, the following SIC codes have coverage responsibility in ENA.  All other industrial and commercial SIC codes and activity will be managed by EES.

ENA SIC Codes:

Primary Metals Mining and Extraction
Oil and Gas Extraction
Paper and Forest Products
Chemicals - except for pharmaceutical, biotech and small specialty chemical that will be EES customers
Refining
Petroleum and Coal Manufacturing
Plastics and Rubber Manufacturing
Fertilizer
Rail
Auto - restricted to the Big Three - Ford, GM and Daimler-Chrysler
Cement
Aerospace - restricted to Boeing, Raytheon, GE Aircraft, Allied Signal, Hamilton-Sundstrom
Large Agricultural Processing


See you at Redwood Grill at 1230 (I've never been there!)


I think paul has a number of good suggestions here.  I think that tying
rankings to clear objectives does not reflect the fluidity of our charge,
though, and will lead to expectations which may not be met.  I also feel
strongly that the ranking needs to be a relative one -- I would go to a pure
number system.  We are going to need to assess at each PRC whether the
organization is strong (in which case I think it's ok to have a
disproportionate number of high ratings) or whether the organization has
weaknesses that force us to grade tougher.  You don't get that in an absolute
system with preset expectations.  I think your group in particular has done a
good job of emphasizing team work ( and punishing those who don't play well)
so we need not create a competitive or jockeying environment so long as that
emphasis is communicated explicitly.

I agree with Paul's points about giving clear, specific feed back (though I
don't think we can give a clear target for what one must accomplish to be
superior).  I also like the idea of the abbreviated mid year PRC to deal with
those we need to counsel more vigorously.  I'm not sure we can get away with
it but I am willing to give it a shot.

I think Paul is to be complimented for taking time to focus on the larger
organizational issues .... very vice presidential of him... no overstepping
of bounds ... quite the contrary.

	Richard Shapiro@EES
	10/31/2000 02:52 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: PRC Stuff

Can we discuss?
---------------------- Forwarded by Richard Shapiro/NA/Enron on 10/31/2000
02:52 PM ---------------------------

Paul Kaufman@ECT
10/27/2000 07:04 PM
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: PRC Stuff

Here's my effort to respond to the PRC discussion we had in Kohler.

The criteria for evaluating folks is at the end of the presentation ... but I
took the liberty to go a bit further and comprehensively address the PRC
process.    Hope I didn't overstep my bounds ....

I'm around today, as well as Monday (ENA meeting most of the day) and
Tuesday, but then traveling in Reno, Las Vegas and San Francisco for the
remainder of the week.   I'd welcome the opportunity to discuss the reasoning
and rationale behind the document.

As I said on my voice mail, I circulated the document to the attendees at
Kohler (with the exception of Sue L. and Linda R.).  I've had feedback from a
number of the attendees, but I can't call it a consensus document.

As always, thanks for the opportunity to make suggestions like this.


All,

Attached is the latest version of the captioned Schedule (dated
04/03/2000).    This Schedule will be updated & distributed to you all
monthly (on the first business day of every month).


---------------------- Forwarded by Richard Shapiro/NA/Enron on 02/26/2001
08:55 AM ---------------------------
From: James D Steffes on 02/26/2001 08:07 AM
To: Robert Frank/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron
cc:

Subject: February 22, 2001

----- Forwarded by James D Steffes/NA/Enron on 02/26/2001 08:12 AM -----

	"JAMES L. HUEMOELLER" <JLHUEMOE@LLGM.COM>
	02/23/2001 06:12 PM

		 To: james.d.steffes@enron.com
		 cc:
		 Subject: February 22, 2001

 Jim:

Hopefully I get this one right.

 - 0163111.01


Charlie

I wanted to follow up to confirm that we are still planning on a meeting for
next Thursday, January 1 at your office in Houston. ?At this meeting we can
discuss mPower's capabilities to model grain yields using localized weather
information and how this will fit your needs for your trading group.

I look forward to meeting with you. ?If you have any questions prior to our
meeting, please let me know.

Thank you. ?

Bill Bodine
mPower Specialist
970-396-9141
WDBodine@aol.com


Lynn, a mtg. for Wednesday, November 28th has been scheduled for 8:30am-9:00am in conf. EB42C2 is this time okay with you.

Thanks,
Ava


----- Forwarded by Jeff Dasovich/NA/Enron on 04/27/2001 04:06 PM -----

	"Julee Malinowski-Ball" <jmball@ns.net>
	04/27/2001 03:42 PM
	Please respond to "Julee Malinowski-Ball"

		 To: "Jan Smutny Jones" <smutny@iepa.com>, "Steven Kelley" <steven@iepa.com>,
"Katie Kaplan" <kaplan@iepa.com>
		 cc: "William Hall" <wfhall2@duke-energy.com>, "Tony Wetzel"
<twetzel@thermoecotek.com>, "Tandy McMannes" <mcmannes@aol.com>, "Sue Mara"
<smara@enron.com>, "Steve Ponder" <steve_ponder@fpl.com>, "Steve Iliff"
<siliff@riobravo-gm.com>, "Stephanie Newell"
<stephanie-newell@reliantenergy.com>, "Scott Sadler"
<sadlersa@earthlink.net>, "Roger Pelote" <roger.pelote@williams.com>,
"Richard Hyde" <rwhyde@duke-energy.com>, "Randy Hickok"
<rjhickok@duke-energy.com>, "Rachel King" <rachel.king@elpaso.com>, "Paula
Soos" <paula_soos@ogden-energy.com>, "Nam Nguyen" <nam.nguyen@powersrc.com>,
"Marty McFadden" <marty_mcfadden@ogden-energy.com>, "Lynn Lednicky"
<lale@dynegy.com>, "Larrea, John" <John.g.Larrea@williams.com>, "kent
Palmerton" <kent.palmerton@williams.com>, "Ken Hoffman"
<khoffman@caithnessenergy.com>, "Kate Castillo" <ccastillo@riobravo-gm.com>,
"Kassandra Gough" <kgough@calpine.com>, "Jonathan Weisgall"
<jweisgall@aol.com>, "John Stout" <john_h_stout@reliantenergy.com>, "Joe
Ronan" <joer@calpine.com>, "Joe Greco" <jgreco@caithnessenergy.com>, "Jim
Willey" <elliottsa@earthlink.net>, "Jeff Dasovich" <Jeff.Dasovich@enron.com>,
"Jack Pigott" <jackp@calpine.com>, "Jack Hawks" <jack.hawks@gen.pge.com>,
"Hap Boyd" <rboyd@enron.com>, "Greg Blue" <gtbl@dynegy.com>, "Frazier
Blaylock" <frayblay@aol.com>, "Frank DeRosa"
<fderosa@sanfrancisco.usgen.com>, "Eric Eisenman"
<eric.eisenman@gen.pge.com>, "Eileen Koch" <eileenk@calpine.com>, "Ed Tomeo"
<ed.tomeo@uaecorp.com>, "Duane Nelson" <dnelsen@msn.com>, "Doug Fernley"
<fernley.doug@epenergy.com>, "Dean Gosselin" <dean_gosselin@fpl.com>, "David
Parquet" <dparque@ect.enron.com>, "Curtis Kebler"
<curtis_l_kebler@reliantenergy.com>, "Curt Hatton" <Curt.Hatton@gen.pge.com>,
"Craig Chancellor" <craigc@calpine.com>, "Cody Carter"
<cody.carter@williams.com>, "Carolyn Baker" <cabaker@duke-energy.com>, "Bob
Gates" <bob.gates@enron.com>, "Bob Escalante" <rescalante@riobravo-gm.com>,
"Bob Ellery" <bellery@spi-ind.com>, "Bill Woods" <billw@calpine.com>, "Bill
Carlson" <william_carlson@wastemanagement.com>, "Alex Sugaoka"
<alex.sugaoka@UAECORP.COM>, "Bob Szymanski" <rjszymanski@powerworksinc.com>,
"Chris Ellison" <CTE@eslawfirm.com>, "Doug Kerner" <dkk@eslawfirm.com>, "Andy
Brown" <ABB@eslawfirm.com>, "Sandi McCubbin" <smccubbi@enron.com>, "Susan
McCabe" <smccabe@mccabeandcompany.net>, "Scott Govenar"
<sgovenar@govadv.com>, "Ron Tom" <thackbarth@govadv.com>, "Robert Ross"
<robbiz@cwo.com>, "Rina Venturini" <rventurini@teamgsi.net>, "Phil Isenberg"
<Isenberg@HMOT.com>, "Mike Monagan" <mrmonagan@aol.com>, "Maureen OHaren"
<Oharen@HMOT.com>, "Marie Moretti" <mmoretti@mccabeandcompany.net>, "Jamie
Parker" <jparker@hmot.com>, "Hedy Govenar" <hgovenar@govadv.com>, "Fred
Pownall" <fred_pownall@ka-pow.com>, "Delany Hunter" <dhunter@s-k-w.com>,
"Chuck Cole" <ccole@advocation-inc.com>, "Bev Hansen" <bhansen@lhom.com>,
"Anne Kelly" <kelly@hnks.com>, "Mark Nobili" <mnobili@cal-lobby.com>
		 Subject: Legislative Status Report Week Ending 4/27

Date: April 27, 2001
To:  Jan Smutny-Jones, Steven Kelly, Katie Kaplan
Cc:  IEP Board Members
From:  Julee Malinowski-Ball
Re:  Legislative Status Report Week Ending 4/27

RECENT EVENTS

-- Rule #1: Never assume an issue is done until the ink is dry from the
Governor's signature (and even then you never know).  The Senate Republicans
agreed late this week to oppose SB 28x (Sher), which makes several
IEP-sponsored proposals to the siting process, due to a controversial
provision added in the Assembly Appropriations Committee regarding
unemployment compensation.  Assembly Republicans let it slide on process
because CMTA and the Chamber's objections to the egregious language was so
last minute.  Senate Republicans had more time to look at the issue and
agreed not to let it go forward.  Since they control of the final vote in a
bill requiring two-thirds, their united opposition stopped the bill, one
vote shy.  The author was granted reconsideration and discussions will be
on-going over the next week on how to proceed.  The best-case scenario at
this point is getting one Republican to drop from the ranks.  Worst-case
scenario is the bill dies, and our language gets picked up in another
vehicle starting the whole process all over again.  The more likely
scenario, however, lies somewhere in between.  Parties will agree to some
compromise language, send the bill back to the Assembly to make the
appropriate changes, then bring it back to the Senate for a clean vote.

-- Long-term contracting was moved to the front burner this week by Asm.
Wright (AB 57) and Senator Morrow (SB 997), both with different results.
Both measures, which are almost identical, set forth a criteria which, if
followed by an IOU when signing a long-term contract with an energy
supplier, would eliminate the need for a reasonableness review by the CPUC.
AB 57 passed out of the Assembly Utilities and Commerce committee with
little discussion and a few technical amendments.  SB 997 faced a longer,
more difficult hearing in front of Senator Bowen's Energy Committee.  IEP,
along with the three IOUs testified in support of the measure, while TURN
expressed great concerns with the concept of leaving the CPUC out of the
picture.  In the end, the Senate committee agreed to put the bill off for
further discussions, passed a motion in support of getting the appropriate
rule waver so the bill can be heard again after Friday's policy committee
deadline, and scheduled a stakeholder meeting for Thursday morning.  Senator
Burton announced on the Senate Floor Thursday morning, however, that all
requests for rule wavers would be denied.  AB 57 appears to be the only
active vehicle on this issue, and IEP will be at the negotiating table
providing input on the language as it moves forward.

-- AB 60x is scheduled for hearing next week in the Senate Energy Committee.
IEP met with committee staff this week, which revealed some possible
latitude in amending the bill.  IEP and other member company lobbyists will
be pushing hard for an opposed position from the rest of the committee
before the hearing Tuesday afternoon.  At this time, however, we do not have
any alternative language for the bill.  After further review by some IEP
member companies, the previously drafted amendments appear unworkable and
were withdrawn from consideration.  We anticipate on waiting to see where
the committee on Tuesday takes the issue before another attempt at drafting
alternative language.

-- SB 1x (Soto/Scott) was amended this week before its hearing in the Senate
Appropriations committee next week.  The new language finds a backdoor to
the price cap issue by imposing a 100 percent tax on the sale of electric
power that exceeds a base price of $80 per MW/hr.  CMTA, the Chamber and
CalTax will be coordinating strategy for the hearing with IEP and the
generators, but despite the bill's multiple constitutional and legal
problems, most admit the measure will move forward with little trouble.  A
new player on the scene will probably provide the most noteworthy testimony.
InterGen North America, which is developing a 900 MW power plant in Palm
Springs, plans on testifying that if this measure is signed by the Governor,
they will absolutely pull the project and go to Oklahoma.

-- Newly amended this week is AB 67x (Cardoza), which now makes it a felony
for a corporation that sells electricity or natural gas at unjust or
unreasonable rates. Sponsored by Lt. Governor Bustamante, the measure
establishes stiff fines and possible jail time, that could be subject to the
state's "three strikes" law.  AB 67x has already generated opposition from
Republicans and constitutional questions from legal experts.   Although
Cardoza noted that several aspects of the bill are unresolved and could
change, the intent will remain the same, and he insists that energy
companies that take advantage of Californians will still face significant
penalties.

-- SB 6x, (Burton), which establishes a State Power Authority, passed the
Assembly this week by a 48 to 28 vote.  The measure needs the Senate to
concur on the Assembly amendments before it heads to the Governor's desk.

-- Attached are the most recent legislative tracking reports for both the
special and regular sessions.  Please call if you need copies of any of the
bills.

UPCOMING EVENTS

MONDAY, April 30th
Senate Appropriations Committee
SB 1x (Soto) - excess profits tax
SB 30x (Brulte) - local government incentives

Assembly Energy Costs and Availability Subcommittee on Natural Gas Costs and
Availability
Informational Hearing

TUESDAY, May 1st
Senate Energy Committee
AB 60x (Hertzberg) - California First

MONDAY, May 7th
Senate Appropriations Committee
SB 64x (Costa) - biomass incentive

ON THE SENATE FLOOR
SB 28x (Sher) - siting proposals
SB 6x (Burton)  - State Power Authority

--end--

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net

 - 2001 Tracking Report.doc
 - 2001 Tracking Report.special session.doc


Please let me know if the attached guaranty is identical to the original
incoming guaranty in the other Merrill file.  We're trying to execute today
or tomorrow.
----- Forwarded by Sara Shackleton/HOU/ECT on 06/12/2000 01:42 PM -----

	"Akhtar, Kasar (GED Legal-NY)" <kakhtar@exchange.ml.com>
	06/12/2000 12:09 PM

		 To: "'sara.shackleton@enron.com'" <sara.shackleton@enron.com>
		 cc:
		 Subject: Guarantee to the ISDA Master Agreement

Please find attached the Guarantee to be provided by our parent Merrill
Lynch & Co Inc., with respect to the ISDA Agreement currently in negotiation
between our respective institutions. If you require any further assistance
please contact me.

 <<guarantee_mli.doc>>

Best Regards

Kasar Akhtar
Telephone: 212 449 7482
Facsimile:  212 449 2615
e-mail:    kakhtar@exchange.ml.com

 - guarantee_mli.doc


Attached please find the Inception Document for Gas Trading Vision II Phase II. I would appreciate your comments. I will be circulating the document for signatures on Wednesday. Please provide your inputs by then.

Thanks

Zhiyong


Any GCP adjustments will be highlighted in red.

Rgds.

Samuel x3-9890
(GCP_Enron Networks)

From: Carol North/ENRON@enronXgate on 03/05/2001 09:37 AM
To: Karen Lambert/HOU/ECT@ECT, Kelly Lombardi/NA/Enron@Enron, Samuel
Schott/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Adnan
Patel/ENRON@enronXgate, Bill D Hare/HOU/ECT@ect, Steve
Venturatos/HOU/ECT@ECT, Camille Gerard/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tanya
Rohauer/ENRON@enronXgate, Paul Radous/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron, Aparna
Rajaram/ENRON@enronXgate
cc:
Subject: Click Paper Approvals

Please see attached.


I will be in Dallas meeting with Tufco the same afternoon.  I told them
before they scheduled this meeting that I would not be able to attend.  Just
a reminder for you.  Thanks.

---------------------- Forwarded by Stacey Neuweiler/HOU/ECT on 07/07/2000
01:56 PM ---------------------------

	From:  Esther Buckley                           07/07/2000 01:54 PM

To: Gary A Hanks/HOU/ECT@ECT, Earl Tisdale/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT, Danny
Conner/NA/Enron@Enron, Lauri A Allen/HOU/ECT@ECT, Edward D
Gottlob/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT
cc: Laura Harder/Corp/Enron@Enron
Subject:

James McKay has requested a meeting to review the Texas Desk/Gas Control
Morning Report.  Please mark you calendars to attend this meeting on
Wednesday, July 12, 2000 from 3:00PM-4:00PM.  The meeting will be held in
EB49C4.

If you have any questions, please feel free to call me at 36289.

Thanks,

Esther Buckley


<TITLE>Tell us what do you think of accessing applications without requiring VPN</TITLE>

<form name='SurveyVPNForm' method='post' action='http://isc.enron.com/surveyVPN/SurveyVPNProcess.asp'>Now that you have access to the following applications without requiring VPN access...

 Outlook Web Access (email and calendar)

 PEP

 XMS (Expense Reporting application)

And, COMING SOON...
 eHROnline (year-end)
 Benefits Election (Oct. 29, 2001)
 Electronic Pay Stubs (year-end), and
 Much More,
through the ClickAtHome Portal and the Internet, do you still believe you need remote access through VPN from home to Enron networks (must have a valid business reason with supervisor approval and a monthly cost)?

<input type='radio' name='answer1' value=1> YES<input type='radio' name='answer1' value=0> NO<input type='radio' name='answer1' value=-1> NOT SURE
Please answer this survey from your computer at work, not via Outlook Web Access.

<input type='submit' name='btnSubmit' value='Submit'></form>


Hi there,

I believe Chris should be back today, so I wanted to follow up on this.

I don't have any recollection of where we left the escrow agreement with NW.
Please get with MKahn or Jerry DeBerry to see if we can get consensus on the
current form of escrow agreement.  Once we have that, Enron (Chris) will make
contact with Citibank.

Thanks,

Kay


- April 26 2001 01-237 Res_.doc


Mark, FYI - In my estimation this business is no bigger than Mexico or the
Toronto business ie) $25 to $30M in real value with reasonably high risk.  I
see no value in having two different agendas being pushed in S. America.  I
also believe that we could cut overhead and right size the organization and
not loose any capability.  Early estimations are a reduction in budgeted OH
by at least a third to one-half.  Did you or Jeff speak with Jim?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
04:17 PM ---------------------------

David W Delainey
11/22/2000 04:08 PM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: See Attached

Jim, my understanding is that there continues to be some discussion on
whether there will be functional seperation of the retail and wholesale
businesses and to what extent and under what strategy these are undertaken.
I am not sure that we want to put ourselves in a box under any structure
until these things are completely ironed out eg) country managers et al.  I'm
not in agreement with any memo that further details the organization beyond
what was outlined in the original memo.  However, I am in agreement that this
needs to get resolved ASAP unfortunately Frevert and Skilling and most of the
first world is out this week.  I ask for your patience.

Lets discuss.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
04:00 PM ---------------------------

James M Bannantine@ENRON_DEVELOPMENT
11/22/2000 05:37 PM
To: David W Delainey@ECT, Joe Kishkill/SA/Enron@Enron, Brett R
Wiggs/SA/Enron@Enron, Orlando Gonzalez/SA/Enron@Enron, Miguel
Padron/SA/Enron@Enron, Jose Bestard/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Randy Young@ECT
cc:
Subject: See Attached

Draft memo on the functional alignment of South America under the new
organization.  Would like to send out to the South America organization
tonight to give people partial information on work in progress.  Silence is
bothering people a lot and the company is at risk of losing people.
Definitive organization memo out in the coming days, after complete
coordination with wholesale and retail in Houston.  Look at the first version
of the memo.  Please reply with any comments asap.


Lee,

Please do not trade financially with Fortum Gas Ltd. until we satisfy the
eligibility issue.

thanks
brant

 -----Original Message-----
From:  Reves, Brant
Sent: Thursday, May 03, 2001 9:24 AM
To: Harrison, Oliver
Subject: Fortum Gas Ltd.

Oliver,

A quick question regarding Fortum Gas Ltd.  How have you established this
entity as an eligible contract party?  Do you have a financial statements or
a guaranty?  I am trying to validate them to trade financially with ENA, but
legal is asking for proof they meet eligibilty standards.

Please advise,

thanks
brant


Did you give John a copy?

Where are Technical Services?

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


Dear Legal Edge User,

If you are using the Legal Edge portal, please read this very important message.

We wanted to inform you that changes have been made to access the Enron Legal Edge portal.

What to Expect
When accessing the legal edge portal at http://legaledge.corp.enron.com/tibco/, you will be prompted for a user name and password as usual.  However, the user name has changed. You will no longer log into the portal with your legal edge passwords. Your access will be controlled via the standard Enron network directory. Therefore, effective immediately, you will login using the same user name and password used to login to your local workstation, your CORP ID.

In addition to the different user name and password, there will be another change. Due to the application upgrade, any personalization you have made to the portal in the past will be lost. As those changes made are associated with your old legal edge portal user name, these personalizations will not automatically be applied to your CORP login. Therefore, do not be alarmed if you do not see all of the content you saw before. Simply, re-configure the portal for your CORP id to see the same content you saw before. Unfortunately, there is no way to get around this issue.

Benefits
- Only one user name password to remember (Use CORP network id and password)
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The Legal Edge portal / Single Signon integration is effective Friday, November 9.

Forward Email to Administrative Staff
Please forward this email to your the administrative staff of your department, so they can access the portal site. Thank you.

Contact Us
If you would like to provide feedback for the Single Sign-On effort, send an email to sso@enron.com. If you have issues or concerns regarding this change, please contact the Resolution Center at ext. 3-1411.

Regards,
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