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I finished the ride!  I again want to say again to all of you for supporting my ride.  Your donation is for a good cause.  Finally, your cancelled check to the National MS Society will serve as your tax receipt.  Please send me an email if you have any questions.

Below is my story if you wish to read more.
=======================================

Prologue

Should I do it or not?  This was a question that had to be answered.....and soon.  This question had been lurking in the back of my mind since I'd already seen some gnarly bike crashes before and I've heard all the nasty stories about them.  So I was basically reluctant to do so, but I was obviously curious about it and so I had mixed feeling altogether.  I jumped on the internet for some perspective and discovered the pros and cons.  I figured, if I did happen to be involved in a pile-up, then I'd be sorry.  In the end, I did it.  In the tradition of cycling, I decided to shave my legs!

Day One - 100 miles

My alarm sounded off at 4:30 and I jumped out of bed, quickly dressed, and threw my gear into my Jeep and hit the road. The MS150 ride started at 7am.  And with 10,000 riders participating, my goal was to avoid as much traffic as possible.  Thankfully, the team I rode with (Sun & Ski Sport) started in the number two position.  bp, the corporate sponsor, started off the race.  It should be noted that my ride started at Tully Stadium (Dairy Ashford/I-10) as opposed to Rhodes Stadium (located in Katy) and so an extra 15 miles were immediately tacked on.

From my POV, this day's ride was no different from any other I did in the preceding weeks other than the fact that it was longer by about 40 miles.  After the start and once the crowd thinned out, I got into my groove (after pulling over for a quick relief stop) and stayed within my own and kept a moderate speed with a high cadence.  The sun was above the clouds, but while en route a large, dark menacing cloud seemed to head my direction, but thankfully it amounted to nothing and the cloud cover remained most of the day.

I admit, my goal was to get to LaGrange as soon as possible without exerting too much energy early on.  In order to do this, I avoided the official rest-stops as much as possible.  When I did pull in for a snack or to refill my CamelBack with water, it was a long wait as there were a few hundred people at each stop.  At my first stop, I misplaced my cyclometer.  I removed it from my bike so that no one would steal it.  I got off my bike, stretched my legs, and loaded up on liquids and oranges.  On my way back to my bike, I noticed my cyclometer was neither in my hand nor in my jersey.  ****!  So I went back to the food table and asked the volunteers if they'd seen it (they had not), and I looked in the nearby trashcans.  No luck.  Now I was disappointed but I put it behind me.  On my way back to my bike, I SAW IT ON THE GROUND.  Whew!  So back on the road.

After a few more rest stops (to stretch and liquid-load) and even more roadside relief stops, I arrived in Bellville for lunch.  With my goal in mind, I quickly ate and hit the road again.  The ride became more scenic but my body began to get restless, namely my back, neck and rear end.  The sun broke the through the clouds and I began to sweat profusely.  To wipe away the sweat I used my "pedal partner" bandana.  My partner is someone named Kathryn who has MS.  The point of the program is to get to know this person and let them know that I was able to do what they could not because of the disease.

There were lots of spectators in LaGrange, and the campsite was not far the from city limits' edge.  The crowds lined the road for 1/2 a mile.  After I arrived at 2:40, I checked in my bike, went to the Sun & Ski team tent, got my clothes, took a cool shower (this was awesome), ate lunch, and waited for a massage.  I was obviously tired and tried to get a nap in but, with the sun up, it was difficult to do.  Eventually, I pulled The Sun Also Rises from my bag and began to read randomly (it's one of my favorite books).  I woke up an hour later feeling much better.

By this time, it's around 7 o'clock and the sun is still up, so I wandered the campgrounds, ate some more, and visited friends on other teams.  Once the DJ closed shop and the staff began to make room for people to sleep, I setup camp in a quiet corner of the tent, stretched as much as possible and went to sleep.

My times on this day:  3'18" from Houston to Bellville, 23" for lunch, 3'52" from Bellville to LaGrange.  Total time = 7'34"

Day Two - 80 miles

No alarm was necessary on this day because the portable generators all seemed to fire up around the same time - 4:30.  It was hard to get out of bed but I eventually did.  I had to load my gear, fill my CamelBack, stretch, and wait in line for the start.  By 6:30 I was at the back of the pack and I did not like this.  From this vantage, I would not leave Bellville until after 8 o'clock.  I followed a misfit gang that tried to go another route to exit the campgrounds, but while doing so a "pppsssttt" sound came from my rear tire. That sounds means only one thing - a flat tire.  ****!  I went to the repair tent and found that the tire was sliced...either the tire was damaged or I walked over some glass.  The repair line was short and $29 was the damage for a new tube and tire.  On the bright side, I was closer to the start and got out on the road much earlier than I anticipated.

Overall, my body wasn't too tired and my legs felt okay.  The night before I stretched frequently, took gobs of Advil, and rested as much as possible.  I feared day two the most because word was out that the route had lots of hills and 80 miles is no easy task.  I deliberately started off slow just to get the blood flowing and to loosen up the muscles.  10 miles had past and I was fine.  I had to decide by mile 25 whether to go the hilly route (Bastrop State Park) or bypass it entirely.

I talked to a few riders about it and chose to do the hills.  At mile 25 was the entrance to the park and a rest area.  I loaded up on liquids and decided to get a quick massage at the medical tent.  A rider told me he did this the day before and felt much better afterwards.  And so I was on the park course and the hills were short and steep.  The reward for climbing these hill was a well-deserved coast on the other side.  Then another hill.  And another...et cetera.  This was the case for about 10 miles.  The last hill was the most difficult.  The burn in my thighs and rear was more evident but I kept going.  My goal for this segment was to not stop.  Many others did but I went to my lowest gear and grinded it out.  After the last hill was the home stretch.  Lunch was minutes away at Bastrop H.S.

I was psychologically confident at this point since I only had 40 miles left and the hard part was behind me.  Upon immediate (and post-race reflection, I determined that the ride through the state park was the best part of the ride.  It had everything - shade, cooler air, no wind, hills, and a thinner road in which to maneuver.  It required me to focus, relax, and strategize on how to approach each hill.  Although I consider myself a beginner biker, I think I graduated to the intermediate level after than experience.

I still felt okay after the hills since I stretched quite well during lunch.  But I was back on the road because Austin was not going to get any closer with me staying in LaGrange.  I stopped at one rest area and pulled over another time.  Soon afterward, the "Austin 24" was in sight.  Only 24 more miles!  I was at my own pace when a rather large peloton passed by.  I decided to get on-board and kept with it for about 8 miles.  They were pedaling faster than I could keep up and I admit it took a lot out of me.  I knew the finish was near but my legs began to falter.

The final 5 miles was made up of more hills but it was the final stretch.  Many bikers were in their lowest gear including myself.  The path narrowed to about 8' since we were in the city and this made for dangerous conditions on the hills.  There is always a reckless biker who is interested in speed only and, unfortunately there was one such person near me who would pass me on the downhill at high speed, but I would pass him on the uphill.  Because of him, I nearly had a spill.  He came a little too close on a downhill.  We exchanged a few words and I deliberately slowed to let him pass.  Jerk!

And the crowds were there in Austin cheering us on.  One more dip and hill and the finish line was near.  Could this be the end?  It was.  I took my final picture of the finish line and was thankful that I finished.  I rarely go to Austin but when I do, it's on a bike.  Funny, huh?

Now I'm hungry, very hungry but I need to check in at the Sun & Ski tent, claim my luggage, shower and then finally eat.  To do this took about 1.5 hours because of the many other people wanting to do the same thing.  I probably ate too many cookies but my appetite was very strong and I didn't care what I ate at this point.  The Hooter's chicken sandwich was not enough to satisfy my hunger, but the two Shiners I had satisfied my thirst.

It was time to go home, so I claimed my bus ticket, loaded my bags and boarded the bus with my pillow.  The people on board had lots of enthusiasm as we exchanged stories and experiences.  This lasted for about an hour and we all seemed to fall asleep at the same time.  I woke up with lots of drool on my pillow and felt a little better.  Food was on my mind again and, by this point, I just wanted to be at home in my bed.  We pulled into Tully Stadium, I claimed my bike, drove home, and went to sleep.

My times on this day:  3'25" from LaGrange to Bastrop, 44" for lunch, 2'42" from LaGrange to Austin.  Total time = 6'51"

TOTAL BIKING TIME (including lunches) = 14'26"


Thanks very much.


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

From:  </O=ENRON/OU=NA/CN=RECIPIENTS/CN=MGRIGSB>
To: Allen, Phillip K. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Pallen>, Gay, Randall L. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Rgay>, Heu, Mog </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mheu>, Holst, Keith </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Kholst>, Huang, Jason </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jhuang>, Kuykendall, Tori </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Tkuyken>, Lenhart, Matthew </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Mlenhar>, Lisk, Daniel </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Dlisk>, Reitmeyer, Jay </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jreitme>, Sanchez, Monique </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Msanch2>, Scott, Susan M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Sscott5>, Smith, Matt </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Msmith18>, South, Steven P. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Ssouth>, Sullivan, Patti </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Psulliv>, Tholt, Jane M. </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jtholt>, Tycholiz, Barry </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Btychol>, Wolfe, Jason </O=ENRON/OU=NA/CN=RECIPIENTS/CN=Jwolfe>
Date: Friday, October 26, 2001 9:26:11 GMT
Subject:

Temp file until the IT group completes the Internet version.


Have a Safe & Happy Thanksgiving Everyone !!

THOU SHALT NOT SKIM FLAVOR FROM THE HOLIDAYS

By Craig Wilson, USA TODAY

I hate this time of year. Not for its crass commercialism and forced
frivolity, but because it's the season when the food police come out
with their wagging fingers and annual tips on how to get through the
holidays without gaining 10 pounds. You can't pick up a magazine
without finding a list of holiday eating do's and don'ts. Eliminate
second helpings, high-calorie sauces and cookies made with butter,
they say. Fill up on vegetable sticks, they say. Good grief. Is your
favorite childhood memory of Christmas a carrot stick? I didn't think
so. Isn't mine, either. A carrot was something you left for Rudolph.
I have my own list of tips for holiday eating. I assure you, if you
follow them, you'll be fat and happy. So what if you don't make it to
New Year's? Your pants won't fit anymore, anyway.

1. About those carrot sticks. Avoid them. Anyone who puts carrots on
   a holiday buffet table knows nothing of the Christmas spirit. In
   fact, if you see carrots, leave immediately. Go next door, where
   they're serving rum balls.

2. Drink as much eggnog as you can. And quickly. Like fine
   single-malt scotch, it's rare. In fact, it's even rarer than
   single-malt scotch. You can't find it any other time of year but now.
   So drink up! Who cares that it has 10,000 calories in every sip? It's
   not as if you're going to turn into an egg- nogaholic or something.
   It's a treat. Enjoy it. Have one for me. Have two. It's later than
   you think. It's Christmas!

3. If something comes with gravy, use it. That's the whole point of
   gravy. Pour it on. Make a volcano out of your mashed potatoes. Fill
   it with gravy. Eat the volcano. Repeat.

4. As for mashed potatoes, always ask if they're made with skim milk
   or whole milk. If it's skim, pass. Why bother? It's like buying a
   sports car with an automatic transmission.

5. Do not have a snack before going to a party in an effort to control
   your eating. The whole point of going to a Christmas party is to eat
   other people's food for free. Lots of it. Hello? Remember college?

6. Under no circumstances should you exercise between now and New
   Year's. You can do that in January when you have nothing else to do.
   This is the time for long naps, which you'll need after circling the
   buffet table while carrying a 10-pound plate of food and that vat of
   eggnog.

7. If you come across something really good at a buffet table, like
   frosted Christmas cookies in the shape and size of Santa, position
   yourself near them and don't budge. Have as many as you can before
   becoming the center of attention. They're like a beautiful pair of
   shoes. You can't leave them behind. You're not going to see them
   again.

8. Same for pies. Apple. Pumpkin. Mincemeat. Have a slice of each.
   Or, if you don't like mincemeat, have two apples and one pumpkin.
   Always have three. When else do you get to have more than one
   dessert? Labor Day?

9. Did someone mention fruitcake? Granted, it's loaded with the
   mandatory celebratory calories, but avoid it at all cost. I mean,
   have some standards, mate.

10. And one final tip: If you don't feel terrible when you leave the
    party or get up from the table, you haven't been paying attention.
    Reread tips. Start over. But hurry! Cookieless January is just
    around the corner.

This message (including any attachments) contains confidential information intended for a specific individual and purpose, and is protected by law.  If you are not the intended recipient, you should delete this message.  Any disclosure, copying, or distribution of this message, or the taking of any action based on it, is strictly prohibited.


I was going to add a footnote to this note but thought I didn't need to as I know for a fact ( by individual ) that we do not have any issues in West Gas Orig.  This note was for your information only to reflect the increased level of expectations that Mike holds his trading organization to and I support this completely.

Your work hours are not in question... nor are those of Denver, and Houston based origination. However I will reiterate that we need to get back to basics and stay focused and I will promote that message given every opportunity.

BT

 -----Original Message-----
From: 	Fuller, Dave
Sent:	Tuesday, October 23, 2001 9:45 AM
To:	Presas, Jessica; Tycholiz, Barry
Cc:	Whitt, Mark
Subject:	RE: Work Hours

I plan to continue my normal schedule of working 6am to 4pm which coincides with noramal Houston hours, covers spot gas trading, covers spot power trading and overlaps with most of my customers hours in the west.  When necessary I will come in early or stay late.  Please let me know if there are any issues there.
 -----Original Message-----
From: 	Presas, Jessica
Sent:	Tuesday, October 23, 2001 9:31 AM
To:	Bronstein, Mara; Felling, Amy; Fuller, Dave; Harrison, Tyrell; Lucci, Paul T.; Miller, Stephanie; Polsky, Phil; Staab, Theresa; Ward, Kim S (Houston); Whitt, Mark
Cc:	DuBose, Heidi
Subject:	FW: Work Hours

-----Original Message-----
From: 	Tycholiz, Barry
Sent:	Tuesday, October 23, 2001 9:02 AM
To:	Presas, Jessica
Subject:	FW: Work Hours

Please circulate to west gas Orig group.

Thanks. BT

 -----Original Message-----
From: 	Grigsby, Mike
Sent:	Monday, October 22, 2001 6:46 PM
To:	Allen, Phillip K.; Gay, Randall L.; Heu, Mog; Holst, Keith; Huang, Jason; Kuykendall, Tori; Lenhart, Matthew; Lisk, Daniel; Reitmeyer, Jay; Sanchez, Monique; Scott, Susan M.; Smith, Matt; South, Steven P.; Sullivan, Patti; Tholt, Jane M.; Tycholiz, Barry; Wolfe, Jason
Subject:	Work Hours

Dear West,

We talked briefly on Monday about our commitment to a full work day at Enron.  If you are in the office, then please be prepared to contribute to the group for a full day.  Our schedule now calls for critical communication in the afternoons.  We need to know that each employee will be here every day to create the consistency needed to outperform the rest of the market.

We want to remain as flexible as possible with all traders when it comes to an emergency, but remember that you have a commitment to Enron to contribute a full work day.

Please organize your vacation on the west desk calendar with Ina and coordinate any early afternoon departures with Ina and myself.  Also, prepare to have your markets covered when you leave the office early.

Sincerely,

Mike


we'll see you gets a whuppin'.  prentice before me.  me about 7:30.

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	10/13/2000 05:12 PM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE:

we'll be delighted to whip your asses - what time should we expect you?
-----Original Message-----
From:   Jeff.Dasovich@enron.com [SMTP:Jeff.Dasovich@enron.com]
Sent:   Friday, October 13, 2000 2:52 PM
To:     Nancy.Sellers@RobertMondavi.com
Subject:
Prentice tell you we're coming up tonite?  Little spades is in order me
thinks.  You?


fyi
 -----Original Message-----
From: 	Beck, Sally
Sent:	Friday, October 05, 2001 3:03 PM
To:	Bowen Jr., Raymond; Brown, Michael - COO London; Buy, Rick; Causey, Richard; Delainey, David; Derrick Jr., James; Dietrich, Janet; Fallon, Jim; Fastow, Andrew; Frevert, Mark; Glisan, Ben; Haedicke, Mark E.; Horton, Stanley; Hughes, James A.; Kean, Steven J.; Kitchen, Louise; Koenig, Mark; Lavorato, John; Lay, Kenneth; Mcconnell, Mike; McMahon, Jeffrey; Shankman, Jeffrey A.; Sherriff, John; Whalley, Greg
Cc:	Colwell, Wes; Roper, Kerry; Price, Brent A.; Castleman, Kent; Dyson, Fernley; Hayslett, Rod; Piper, Greg; Pickering, Mark
Subject:	Enron Net Works 2002 Budget Process

The 2002 Enron Net Works budget will for the first time combine allocations to business units for four key services:  Enron Online, IT Infrastructure, Risk Management Operations and IT Maintenance and Development.  We are providing a level of detail for expense and capital spend that is greater than that provided in past years, and that will allow business units to make informed choices regarding the services that they receive.

We are meeting with individual business unit Offices of the Chair to review in detail the four service areas delivered through Enron Net Works.  Some of these meetings have been completed and more will occur between now and October 12.  Please keep the following points in mind as we work with you to finalize budget:

Enron Networks today is very different from this time last year.  Additions to the 2002 ENW budget are Operations for EA, EIM and EGM.  Operations, IT Maintenance and Development, and IT Infrastructure for EES and EBS have been included under the ENW umbrella for the first time in the  2002  budget as well.  The 2001 budgets for these functions were approved and included in individual business units last year.   Any comparison of ENW's 2002 versus 2001 budget must be appropriately adjusted for these organizational changes to be relevant.

For further detail for each business unit, ENW's 2002 expense and capital dollars are organized to mirror each business unit's lines of business (products or commodities) in order to create a transparent view at a more granular level of the costs involved in supporting each of the lines of business.

The detail that is being provided to business units for IT costs delineates licensing fees, system maintenance costs and new development costs.  Detail on each IT development project identifies the purpose, business sponsor, line of business, "in progress" or "planned" designation, expense and capital spend, system impacted, and estimated completion date.   In order to finalize IT project budgets, decisions will be required from the business units on which projects to undertake in 2002.

If you have questions about the ENW budgets as we are working with you to finalize them,  please call one of us.

Greg Piper
Sally Beck
Mark Pickering


Rebecca Long
61 May Ave., P.O. Box 353
Chauncey, OH 45719
rivka62@hotmail.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Rebecca Long


It is attached now!

 -----Original Message-----
From:  Engeldorf, Roseann
Sent: Tuesday, May 01, 2001 1:42 PM
To: 'pthompson@akllp.com'
Cc: 'tconstan@llgm.com'; Bills, Lisa; Rasmussen, Dale; Williams, Bill; Mann,
Kay
Subject: GE Override Letter - New LM6000

Peter - I understand that you will be working on the latest LM6000 contract.
I have attached a copy of the override letter - one we executed in January.
I am not sure how much is applicable to this particular contract; I have not
proofed the letter against it.  Would you take a look at it and check it
against the latest version of the LM6000 contract you are working on?  Maybe
we can talk later this afternoon about any changes you think need to be
made.  At the least, we will need to conform the letter for this contract's
details.

Thanks again for your help.

Rose

713-345-7726


I will attend.  Let  me know what I need to bring.  Thanks for your
messages...


PRIVILEGED AND CONFIDENTIAL

I was asked to set up a conference call for Monday (3/19) at 3:00 Eastern
with regulatory and bankruptcy counsel for the nine Complainants to discuss
the interrelation between the FERC Chargeback complaint proceeding (and the
Amendment 22 matter), the District Court case before Judge Moreno, and the
Bankruptcy proceeding, and to discuss strategy.
Dial-in #: 1-800-403-2008
Participants #: 143570
The following issues have been identified as issues for discussion:

1.  Likelihood that Bankruptcy Court will grant PX motion to modify stay;
including feasibility and effort by parties to file answer in support of
motion, including whether it would be realistic to request that the PX's
motion be considered on a more expedited basis (PX asked for 3/30 hearing
date) in light of the FERC Complaint proceeding;

2.  Status and approach for possible settlement with PX for release of
collateral assuming Bankruptcy Court modifies stay.

3.  Feasibility of asking Bankruptcy Court to immediately release all
collateral in excess of amount needed to satisfy (1) vendors, (2) existing
and anticipated future defaults of SCE and PG&E, and (3) reasonable costs.
In this regard, does anyone have a handle on whether the collateral exceeds
the total of the foregoing matters?

4.  Any comments on (1) answer to PX answer to Complaint, and (2) answer to
PX request for clarification in Amendment No. 22 proceeding; including the
timing of such filings with FERC.

This email does not address bankruptcy counsel for all parties.  If you wish
to have your client's bankruptcy counsel on the call, please inform them of
the time and relevant information for the call.
This call will likely be extremely unwieldy, so I would request the parties
to consolidate their participants where possible.  Also, please do not
forward this information as it addresses confidential litigation matters.
Thanks.  See you Monday.  Ron


The report named: NG - Price P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=10&report_name=NG+-+Price+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=11/26/2001>, published as of 11/26/2001 is now available for viewing on the website.


Did you have fun last night?


I have highlighted the risk people in grey.  Can you add Jeff Gossett and Matt Olney?
I will send this to Power to check their names.

Thanks

 -----Original Message-----
From: 	Sever, Stephanie
Sent:	Friday, February 01, 2002 2:37 PM
To:	Hedstrom, Peggy; Theriot, Kim S.; Keiser, Kam
Subject:	FW: Internal Non-Traders

Please review the attached spreadsheet for Internal users within your area and let me know if any changes need to be made.

 << File: Users and Appl Group.xls >>

Thank you,
Stephanie Sever
713-853-3465


Hey thanks for coming out to see the boys the other night, if you weren't there you missed a good show.  24BOM will probably play with Junco Parker again.  But more important than that is Thursday night at the Medicine Hat Gallery- 18th and Alberta St-  9:00 PM.  Show up and give some support, 24BOM will be recording live that night and it would be great to have some crowd response on that cd!!

Thanks again for your support- hope to see you there


ezboard Tips & Tricks
-------------------------------------------------------

Mark Forum Read / Show New Only
_______________________________________________________

Save yourself time and energy
by using the Mark Forum Read and Show New Only features.

To effectively use these two features available to all
users, simply follow these steps:

1. Read all posts and topics in a given forum

2. Click on the Mark Forum Read link at the top of the Topic
Listing / Forum page. This will remove all New Topic/Post icons
in the forum. If you leave it like this the next time you visit
the forum you will only need to visit the topics with the new icons.

 OR

2. You can click on the Show New Only link at the top before
leaving the forum. If you use the features together like this,
the next time you visit the forum, you will only see new topics
or topics with new posts.

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4.5? state-to-state long distance telephone service
4? to five states of your choosing
low rates for international calls
online billing and call management system

OFFER LINK --> http://www.dlbdirect.com/partner.php?rid=1094

SIGN UP NOW and receive:
A chance to win 4 YEARS OF FREE LONG DISTANCE!!!
50 FREE MINUTES of long distance*
free $10 FTD.com coupon

OFFER LINK --> http://www.dlbdirect.com/partner.php?rid=1094

*Applies to domestic state-to-state long distance only. Offer is
for new customers who register by 1/31/02 11:59PST. 50-minute credit
is applied to the first 50 minutes of state-to-state calling on your
third monthly invoice. Excludes directory assistance.

********************************************************************
If you would not like to receive future emailings from ezboard,
click this link: http://www.dlbdirect.com/partner.php?rid=1093&a1=867987&a2=jreitme@enron.com
&copy Copyright 1999-2001 ezboard, Inc. All rights reserved.


I am attaching the final form LOI between ENA and CRRA, as well as the
current working draft of the Fuel Cell purchase agreement.  Please let me
know if you have any comments or questions.

Kay Mann
713 345 7566


I live at 3760 Darcus in Southside between Edloe and Audin.  I think Jay said
you live on Mercer.  If you ever need a ride or anything I am at 713-668-9475.

Greg


Two weeks ago I toured the Depelchin Center, one of the organizations that
receives much of its funding from the United Way.  I was surprised to find
out about the many programs that the center offers to neglected and abused
Houston children and  the caring adults who will open their homes as foster
parents.  I had already completed my electronic pledge card before going to
the center.  Learning about the important programs offered through Depelchin
and meeting four year-old Jessica and ten year-old Steven who were
temporarily housed there before going to foster homes made me very glad to
have made that pledge.

Enron has a terrific matching program that allows all employees to receive
matching funds for dollars that you may choose to give to non-profit
organizations.  Hopefully, many of you take advantage of this to stretch your
charitable giving during the year.  The United Way campaign is the one time
each year that Enron invites employees to partner with the company to make a
difference in the lives of so many in Houston.  Each dollar pledged by an
employee is matched by Enron.

If you have not yet completed your electronic pledge, please consider doing
so as soon as possible.  Our United Way campaign draws to its conclusion next
Wednesday, August 23.  I hope that each one of you will consider making a
pledge.  There is no gift that is too small, because cumulatively all Enron
employees can make a significant positive impact for Houston.  Log on to
http://unitedway.enron.com to complete your pledge card.

Thanks to the many of you who have already completed your electronic
pledge.


ENE: Detailed 1Q Earnings Analysis Following Conf. Call; Reiterate 1H Rating

*	ENE reported 1Q:01 EPS of $0.47 vs. $0.40 last year, above our and
consensus estimates of $0.43 and $0.45, respectively.
*	We raised our 2001 est. to $1.80 based on confidence in continued
strong growth in wholesale segment, as well as incremental contribution from
retail energy.  Company raised 2001 guidance by $0.05 to $1.75-$1.80.
*	Highlights: Merchant Energy-- Wholesale volumes up 65%, ahead of our
40%-50% expectation, driven by growing need for intermediation services and
continuing impact of EnronOnline. Segment IBIT up 76% with higher unit
margins reflecting volatility running at twice last year's level, by our
calculation.  Expect full year 2001 volatility to match 2000 level.
*	Bandwidth trading--"deals are getting done"  above expectations:
580 transactions 1Q01 vs. 232 in 4Q:00 and 320 for full year 2000.
*	Results include reserve for $580M in receivables owed from PCG in
Calif.

 <<ENE 1Q01 Detailed 4-17-01.doc>>  <<ENE 1Q01 Detailed 4-17-01.pdf>>

Raymond C. Niles
Power/Natural Gas Research
Salomon Smith Barney
(212) 816-2807
ray.niles@ssmb.com

s

 - ENE 1Q01 Detailed 4-17-01.doc
 - ENE 1Q01 Detailed 4-17-01.pdf


OK for me!

	Lisa Lees
	11/14/2000 02:41 PM

		 To: Tana Jones/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
		 cc: Tom Moran/HOU/ECT@ECT
		 Subject: Mixed Xylene Fin Swap - 2nd request

Tana/Karen:

The product long description below will fall under the new product type Mixed
Xylene Fin Swap.  Tom Moran has approved copying the profiles for the new
product type from the following:

 US Benzene Financial Swap CMAI Spot

Please respond no later than 10 a.m. on Wednesday, November 15.

Thank you.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 11/14/2000 01:30 PM
---------------------------

From:  Melba Lozano
  11/13/2000 10:04 AM

To: Mark Taylor/HOU/ECT@ECT
cc: Lisa Lees/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT
Subject: Mixed Xylene Fin Swap - 2nd request

Mark,

Please approve the attahced product.

Thanks,
---------------------- Forwarded by Melba Lozano/HOU/ECT on 11/13/2000 10:03
AM ---------------------------

From:  Melba Lozano
  11/09/2000 09:29 AM

To: Mark Taylor/HOU/ECT@ECT, John Swinney/HOU/ECT@ECT, Jeff
Blumenthal/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Stephen H Douglas/HOU/ECT@ECT
cc: Karen Lambert/HOU/ECT@ECT, Robert B Cass/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT
Subject: Mixed Xylene Fin Swap

Your review and approval of the following product type in the EOL Datamanager
is needed (for directions on approval , please see steps for approval at the
bottom of this e-mail).

Traders: Steve Elliott, Lee Jackson, Adam Metry

US MxXylene Swap  CMAI Spot               Aug-Oct00       USD/Gl-b

A US Mixed Xylene financial Swap Transaction with Enron North America Corp.
under which the Seller pays a Floating Price and the Buyer pays the price
submitted by the Counterparty on the website (the Fixed Price) in each case
in respect of the Notional Quantity per Determination Period.  Each calendar
month during the Term of the Transaction will be a Determination Period;
provided that, if the Term of the Transaction is less than one calendar month
the Determination Period shall be the Term of the Transaction.  The Notional
Quantity per Determination Period shall be the volume submitted by
Counterparty via the website.  The Payment Date(s) will be 5 business days
after the Floating Price is determinable.  The Floating Price shall be the
Index for the relevant Determination Period.

The Term of the Transaction shall be from the Effective Date of 01 Aug 2000
to the Termination Date of 31 Oct 2000.

The Index for a Determination Period shall be the mean of the average of the
high and low price in Cents/Gallons of Mixed Xylene published under the
headings &Prices for Period Ending [DATE]: United States: Mixed Xylene)8
under the caption &SPOT: Cents/Lb.8 in each issue of Chemical Market
Associates, Inc.,s Aromatics Market Report (Weekly) that reports prices
effective for such Determination Period. Notwithstanding the reference to
pounds in the caption mentioned above, the prices quoted for this product by
CMAI are in Cents/Gallon.

The price is quoted in US Dollars per unit of volume, which will be the
Contractual Currency.

The unit of measure against which the price is quoted shall be gallons and
the volume shown shall be in total number of Barrels (42 US Gallons) per
month.

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

STEPS FOR APPROVAL:

click the  START button
select  PROGRAMS
select  TEST APPLICATIONS
select ENRONONLINE CLUSTER(PROD)
 PROCEED WITH USUAL LOGIN/PASSWORD
click the Enron Online Production Cluster "START" button
select EnronOnLine (this is the EOL Datamanager)
 PROCEED WITH EOL LOGIN/PASSWORD
click on the "+" for EnronOnLine
click on the "+" for Product Types
click on the "+" for "Awaiting Approval" (OR  "Partially Approved")
select the product requiring review as stated in e-mail above
Right "mouse" click on "properties" to view product set-up
TO APPROVE:  Right mouse click on "Approved"

Thanks - Rob Cass  -  Melba Lozano
x35491   x58986


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/26/2001
04:38 PM ---------------------------

"Wydawnictwa Naukowo-Techniczne" <marketing@wnt.com.pl> on 01/22/2001
05:07:53 AM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: forma platnosci z "Inzynierie finansowa"

Uprzejmie informuje, ze przyjmujemy czeki, ale  niechetnie. Wysokie koszty
przy realizacji czekow.
Gdyby rodziana Sz.Pana wplacila naleznosc w  zlotowkach, to odpadna koszta
bankowe - 5$. Naleznosc w zl wynosi 81 zl lub 99  zl (LOT).
W liscie pomylilam sie? - zamiast 25,25$  napisalam 15,25 $. Przepraszam.
Wplacenie pieniedzy w Polsce znacznie  przyspieszy wysylke.
Ewentualny czek prosze przyslac na sume 25,25$  lub 29,75 $
Pozdrawiam serdecznie
Grazyna Piesniewska


It's possible BUG, ConEd and Lilco may release capacity to you for June. If so
let me know. Please release Boston gas capacity to "Energy Express" and let me
know the contracts/packages. thanks


Chaun Roberts3-3404


Thank you for the info.  I wanted to let you know that I got that c/p stuff
all figured out.


I guess TFS originally had Palo on their confirm - which was wrong - then the
deal got changed to Mid-C. So Enpower is right, and Mike just let his broker
know to change the delivery point on the confirm.

Thanks,
Kate

Kerri Thompson@ENRON
02/28/2001 10:56 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: tfs

i was informed they are trying to schedule this deal.  so, as soon as you
find out can you pls let me know.

thanks
---------------------- Forwarded by Kerri Thompson/Corp/Enron on 02/28/2001
12:56 PM ---------------------------

Kerri Thompson
02/28/2001 10:50 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: tfs

broker has palo verde

533220


Get ready.  Beginning in November, electronic pay stubs will be available to all employees who have their paychecks direct deposited into their bank account.  Electronic pay stubs are an easy, fast, and efficient way for you to get your payroll information.  They will also help Enron to realize a considerable savings in time and dollars spent over traditional printed pay stubs.

If you prefer to receive a hardcopy of your pay stub, click on the link below to complete a request form.  This form must be submitted to Payroll by October 15, 2001.  Unless you submit a form your pay stub information will default to electronic viewing.

Please click on the link below.

Name:             SHELLEY CORMAN
Personnel number: P00500553
Phone:            7138537083

If you have questions about electronic pay stubs, please contact Janice Priddy (Payroll) 713-853-7839 or Marie Newhouse (ClickAtHome) at 713-345-4185 or send an email to  Enron.Payroll@enron.com (Enron Payroll in Outlook).

Stay tuned for more details in the coming weeks.

http://etcsurvey.corp.enron.com/wi/p0810709/i.asp?r=19958&s=JJWVDHUB&l=9


I bought the tickets the week of the Texas-OU game.  Up until Sat night, I was planning on selling them to a guy I work with who went to OU.  I never thought about a hotel because I really never thought UT would be in the game.  I really don't want to put you guys out, especially with a new baby.  We are bringing Christopher (he is really excited about going) and a high school aged neighbor (his girlfriend's brother is on the team).  If you truly don't mind, then I will talk to Kristi about it.  We'll see.  How's the new house?  Is Flower Mound a little west of Lewisville?  I'm not good on Dallas geography.

DG

 -----Original Message-----
From: 	"Michael Richter" <mrichter@us.ibm.com>@ENRON
Sent:	Monday, November 26, 2001 2:08 PM
To:	Giron, Darron C.
Subject:	RE: Saturday

If you need a place to stay, you are more than welcome to stay with us. We moved to Flower Mound, but it is still pretty good access to Texas Stadium.
Michael Richter
Business Partner Sales Specialist
Lotus for eServer, South Central U.S.
IBM Americas' Software,  Partnership Sales
1503 LBJ Freeway
Dallas, TX  75234
972-280-6574   t/l 542-6574
e-mail  mrichter @us.ibm.com

	Darron.C.Giron@enron.com   11/26/2001 01:51 PM  	                 To:        Michael Richter/Dallas/IBM@IBMUS          cc:                  Subject:        RE: Saturday

Good.  The game is in Irving, so I will try to find a hotel around there.
It is also at 7:00pm.  We will get into town early so we can come by and
see you guys.  You moved to a new house, right?  I'll keep you posted.
DG
   -----Original Message-----
  From:   "Michael Richter" <mrichter@us.ibm.com>@ENRON
  Sent:   Monday, November 26, 2001 1:26 PM
  To:     Giron, Darron C.
  Subject:  Re: Saturday
  Darron,
  We'll be here. Let us know what works best for you. Hook 'em Horns!
  Mike
  Michael Richter
  Business Partner Sales Specialist
  Lotus for eServer, South Central U.S.
  IBM Americas' Software,  Partnership Sales
  1503 LBJ Freeway
  Dallas, TX  75234
  972-280-6574   t/l 542-6574
  e-mail  mrichter @us.ibm.com
|-----------------------------------------------------------------+-------------------------------------------------------------------->
|                                                                 |"Giron, Darron C." <Darron.C.Giron@enron.com>   11/26/2001 10:13 AM |
|                                                                 |                                                                    |
|-----------------------------------------------------------------+-------------------------------------------------------------------->
 >--------------------------------------------------------------------|
 |                 To:        Michael Richter/Dallas/IBM@IBMUS        |
 |cc:                  Subject:        Saturday                       |
 >--------------------------------------------------------------------|
  Mike,
  We are going to be in Dallas for the Big XII Championship game on
  Saturday night.  I just wanted to see if you guys were going to be in
  town.  If so, we would like to come by and see you guys.  Especially the
  newest edition.  Let me know.
  DG
  **********************************************************************
  This e-mail is the property of Enron Corp. and/or its relevant affiliate
  and may contain confidential and privileged material for the sole use of
  the intended recipient (s). Any review, use, distribution or disclosure
  by others is strictly prohibited. If you are not the intended recipient
  (or authorized to receive for the recipient), please contact the sender
  or reply to Enron Corp. at enron.messaging.administration@enron.com and
  delete all copies of the message. This e-mail (and any attachments
  hereto) are not intended to be an offer (or an acceptance) and do not
  create or evidence a binding and enforceable contract between Enron
  Corp. (or any of its affiliates) and the intended recipient or any other
  party, and may not be relied on by anyone as the basis of a contract by
  estoppel or otherwise. Thank you.
  **********************************************************************


Are we then in the process of opening a brokerage account for ENA?

03/15/2001 09:56 AM
Cheryl Nelson
Cheryl Nelson
Cheryl Nelson
03/15/2001 09:56 AM
03/15/2001 09:56 AM
Sent by: Cheryl Nelson
To: Stephanie Panus/NA/Enron@Enron
cc: Samantha Boyd/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT

Subject: Re: J.P. Morgan

Right, neither the file nor Aneela's list indicated that we wanted such an
account; we only determined that we'd need such an account when I
doublechecked with Aneela yesterday.  Can you enter in lotus notes or catch
me while you are doing it so I can see how it is done?
Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Stephanie Panus
	03/15/2001 09:28 AM

		 To: Cheryl Nelson/NA/Enron@Enron
		 cc: Sara Shackleton/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron
		 Subject: J.P. Morgan

Cheryl,

Regarding the J.P. Morgan electronic agreements in connection with the
existing brokerage accounts, ECT Investments has an account with J.P. Morgan
but I see no record of an account with ENA either in Lotus Notes or in the
files.


Dylan,
I scribbled down my thoughts for question 2.  Didn't spend a lot of time
making it pretty.  Give me your thoughts and we can take another pass at it.
Jimmy

 - KENDALL.DOC


John,

Let me know if you have questions.

Greg


"......most look like they were taken on Saturday or Sunday- when a lot of
the water had already gone down!?!?!"

----- Forwarded by April Hrach/SF/ECT on 06/15/2001 12:04 PM -----

	Kelly Brodbeck
	06/15/2001 11:57 AM

		 To: April Hrach/SF/ECT@ECT
		 cc:
		 Subject: FW: A PICTURE STORY

April -

Pass this one around.

- Kelly

---------------------- Forwarded by Kelly Brodbeck/SF/ECT on 06/15/2001 11:49
AM ---------------------------
From: Lindsay Long/ENRON@enronXgate on 06/15/2001 10:53 AM CDT
To: Kelly Brodbeck/SF/ECT@ECT
cc:

Subject: FW: A PICTURE STORY

  Kelly - here are a few pictures - most look like they were taken on
Saturday or Sunday - when a lot of the water had already gone down.
Fortunately most of it ran onto the freeways.  The pictures that show the
arched bridges on I -59 are a good example - the freeway at that spot is
10-12 lanes wide and at least 30-40' lower than the bridge.

  Lindsay


Start Date: 1/4/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010408.txt


I would recommend sitting with the real-time traders (they trade, reserve transmission and schedule the power in real-time).   You can coordinate with me.


FYI re:  FMLA policy
---------------------- Forwarded by Michelle Cash/HOU/ECT on 04/17/2000 03:08
PM ---------------------------

Michelle Cash
01/13/2000 06:46 PM
To: Sharon Butcher/Corp/Enron@ENRON
cc: Kriste Sullivan/Corp/Enron@ENRON
Subject: Re: Leave Policy

Sharon/Kriste,

If there are going to be revisions to the leave policy, I suggest that we
make major ones, including a segregation of FMLA leave from other types of
leave --i.e., two separate policies.  Let's talk about this on Tuesday -----
Majorly important!!

Michelle

Sharon Butcher@ENRON
01/13/2000 05:38 PM
To: Michelle Cash/HOU/ECT@ECT, Kriste Sullivan/Corp/Enron@ENRON
cc:
Subject: Leave Policy

Dear Michelle and Kriste:   Please review and let me have your comments.
Thanks.  Sharon
---------------------- Forwarded by Sharon Butcher/Corp/Enron on 01/13/2000
05:32 PM ---------------------------

Elaine Paul
12/14/99 08:57 PM
To: Sharon Butcher/Corp/Enron@ENRON
cc: Cynthia Barrow/HR/Corp/Enron@ENRON, Susan Tosoni/HR/Corp/Enron@ENRON

Subject: Leave Policy

Here are a few edits to the Approved Time Off and Leaves of Absence policy.

Benefits has not included a "second or third opinion by another health care
provider paid for by the Company" as it has significant implications to our
LTD plan and has created at least one problem that I am aware of in the past.
We will need to think through what the certification document might look like
and would look to you for some guidelines.   The concern I have is around
privacy and use of information given potential regulation.
Cynthia believes that we should run FMLA concurrent with sick time.  I agree
and have noted that in the document.

Sharon, could you please review the wording to ensure I haven't missed
something here from a legal perspective.  I will follow-up with you by phone
shortly.

Susan, here are the "long-since promised" wording changes we propose.

Thanks,

Elaine


Cheers Vince

See you there.

Simon
-----Original Message-----
From: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>
To: Simon Turner <simon@localbloke.freeserve.co.uk>
Cc: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>;
vkaminski@aol.com <vkaminski@aol.com>
Date: Fri 29 September 2000 3:28:pm
Subject: Re:

>
>Simon,
>
>I shall bring a floppy to Paris.
>
>Vince
>
>
>
>
>
>
>"Simon Turner" <simon@localbloke.freeserve.co.uk> on 09/29/2000 10:13:47 AM
>
>Please respond to "Simon Turner" <simon@localbloke.freeserve.co.uk>
>
>To:   <Vince.J.Kaminski@enron.com>
>cc:
>Subject:  Re:
>
>
>Vince
>
>This works.
>
>Are you attaching your presentation for next week??
>
>Thanks
>
>Simon
>-----Original Message-----
>From: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>
>To: Simon@localbloke.freeserve.co.uk <Simon@localbloke.freeserve.co.uk>
>Cc: Vince.J.Kaminski@enron.com <Vince.J.Kaminski@enron.com>
>Date: Wed 27 September 2000 5:04:pm
>
>
>>Test
>>
>>Vince Kaminski
>>
>>
>
>
>
>
>
>
>
>


-----Original Message-----
From: 	Votaw, Courtney
Sent:	Wednesday, October 17, 2001 4:39 PM
Subject:	Enron Mentions

USA: Enron seen facing long road to restore confidence.
Reuters English News Service, 10/17/01
USA: UPDATE 1-RTO seen key to boosting New England power supply.
 Reuters English News Service, 10/17/01

Enron Seeks Replacement For AGA's Gas Storage Report
Dow Jones Energy Service, 10/17/01

Financial Post: News
Earnings: A Few Bright Spots in the Shadows Yesterday's earnings
National Post, 10/17/01

Bush to Nominate Kelliher to Open FERC Seat, White House Says
Bloomberg, 10/17/01

Energy Regulators May Loosen Price Caps on Western Power Sales
Bloomberg, 10/17/01

Enron Faces Questions Over Limited Partnerships, WSJ Reports
Bloomberg, 10/17/01

USA: Enron seen facing long road to restore confidence.
By Andrew Kelly

10/17/2001
Reuters English News Service
(C) Reuters Limited 2001.
HOUSTON, Oct 17 (Reuters) - Enron Corp. moved in the right direction by releasing more detailed financial data and tackling problems at peripheral businesses, but the energy giant still has a way to go to make Wall Street happy, analysts said Wednesday.
Enron, North America's biggest buyer and seller of natural gas and electricity, reported its first quarterly loss in more than four years on Tuesday. The company took $1.01 billion in charges and writedowns on ill-fated investments, measures Enron executives said credit rating agencies were comfortable with.
UBS Warburg analyst Ronald Barone said on Wednesday he was "not thrilled" by the announcement during a conference call to discuss third-quarter earnings. And for good reason.
Moody's Investors Service subsequently issued a statement saying it had placed all of Enron's long-term debt obligations on review for a possible downgrade.
"There appears to be much more work ahead before the lingering credibility issues that have vexed this company in the past are fully resolved," Barone said.
The writedowns on poorly performing assets and a more detailed breakdown of the company's operations went some way to appeasing Wall Street after a tumultuous year in which Enron's stock lost about two-thirds of its value, but analysts said they were not about to let Enron off the hook just yet.
Bear Stearns analyst Robert Winters said he remained concerned about Enron's quality of earnings and cash flow.
Winters said he believed Enron would have liked to take even bigger charges and writedowns, but was unable to do so without putting its credit ratings at risk, which could adversely affect some of the company's financing arrangements.
"Problem assets and overvalued assets on the balance sheet remain, particularly overseas," he said.
One such asset is Enron's 65 percent stake, valued at $1 billion, in the Dabhol power plant project in India, which has been stalled because of a long-running payments dispute with its only customer, a local utility company.
Enron's stock closed down $1.64, or 4.85 percent, at $32.20 on Wednesday.
For the year to date the stock is down about 61 percent, underperforming the Standard & Poor's utilities index , which has fallen some 24 percent over the same period.
Enron was a Wall Street favorite last year when its stock posted a gain of 87 percent, driven by enthusiasm for the company's broadband plans and the success of its EnronOnline Internet energy and commodity trading platform.
But the stock has fallen sharply this year as sentiment toward broadband soured, new chief executive Jeff Skilling resigned after just six months in the job and wrangling continued over the Dabhol power plant project.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

USA: UPDATE 1-RTO seen key to boosting New England power supply.
By Scott DiSavino

10/17/2001
Reuters English News Service
(C) Reuters Limited 2001.
NEW YORK, Oct 17 (Reuters) - Energy companies said the future development of new power plants and transmission lines in the U.S. Northeast hinges, in part, on setting up a Northeast Regional Transmission Organization (RTO).
RTOs are predominantly for-profit groups established to bring all of a region's high-voltage transmission lines under central control while ensuring equal access to the lines to all power suppliers seeking to market their goods across the grid.
The Federal Energy Regulatory Commission (FERC), which oversees the interstate wholesale power market, believes RTOs will benefit consumers by enhancing competition among power providers, in turn improving service and driving down rates.
"If FERC can drive the Northeast RTO to closure in a reasonable period of time, it will accelerate the development of new transmission and generation," Enron Corp.'s managing director of global government affairs, Rick Shapiro, told Reuters.
Houston-based Enron is the nation's top energy marketer.
"How and when the RTO gets implemented will radically impact the market. It's crucial to the development of the market in New England," Mirant Corp. spokesman Ray Long told Reuters.
Energy provider Mirant, of Atlanta, has 1,400 megawatts (MW) of generation in New England. The company is currently adding another 700 MW to its Canal station in Massachusetts.
"Once we get the permits for Canal, we will reassess whether to proceed with the project. A big part of that assessment will depend on the RTO process," Long said.
THE NORTHEAST RTO
FERC wants to see four super-regional RTOs created in the U.S. - in the Northeast, Midwest, Southeast and West.
Several regions have taken long strides toward developing RTOs, including a not-for-profit model proposed in the Midwest and rival for-profit plans vying for FERC approval in the West.
FERC Chairman Patrick Wood, seeking to spur the development of RTOs, favors giving utilities until Dec. 15 to join one or forfeit their right to sell electricity in the wholesale market, though the commission has not voted on this plan.
The Northeast RTO will include New England, New York, the Pennsylvania-New Jersey-Maryland (PJM) region and possibly parts of eastern Canada.
FERC said it wants the Northeast RTO to be built on the PJM market platform and to include the best practices of the New England and New York markets.
PJM Interconnection, which operates the power grid in parts of Pennsylvania, New Jersey, Maryland, Delaware, Virginia and Washington, D.C., is the nation's only fully functioning RTO.
"The process FERC set in place to establish one RTO in PJM, New York and New England is going to get us where we need to be in terms of having a vibrant wholesale market," Long said.
Long said Mirant determined a single Northeast RTO would save more than $440 million annually by eliminating the "artificial borders that now exist between New York, New England and PJM."
An administrative law judge, acting as a mediator for FERC, considered three proposals for creating the Northeast RTO.
The three plans were proposed by interested parties, including Mirant and Enron, and the region's grid operators - the New York Independent System Operator (ISO) in New York, ISO New England in New England and PJM.
Last month, the judge asked the FERC to decide who will govern the Northeast RTO and what the timetable is to put the plan in place. The judge favored a plan put forward by the New York ISO and ISO New England.
"If FERC implements the RTO plan proposed by PJM in 2003, consumers could save $1.5 billion ... $440 million a year ... over the New York/New England plan, which would not be implemented until 2006," Long said.
Under the PJM plan, PJM would overlay its current market model across the entire region, while adopting some of the best practices of the other markets.
"Although nothing is perfect, PJM is widely accepted as the best market in the region. New York and New England, which are younger markets, are still works in progress with some bugs to work out," Enron's Shapiro said.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Enron Seeks Replacement For AGA's Gas Storage Report

10/17/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)
HOUSTON -(Dow Jones)- Enron Corp. (ENE), the nation's largest natural gas trading company, isn't ready to let the regular report on U.S. natural gas storage inventory die, a company executive said Tuesday.
Because the American Gas Association has said it will discontinue its weekly gas storage report at the end of the year, Enron would like to see another organization take over the report, said John Lavorato, president and chief executive of the company's Americas Wholesale Services unit.
Speaking at a meeting with analysts, Lavorato said the storage report is important for the gas industry to keep track of industry fundamentals.
Without a regular report on storage gas inventory, the gas industry can expect less frequent but greater price changes than seen in the past, he said.
The Department of Energy's Energy Information Administration publishes monthly data on gas storage, but the information isn't as timely as data the AGA reports each Wednesday.
The EIA issued its latest gas storage report Oct. 9. It showed the amount of gas in storage at the end of July. The data comes from reports filed by operators of gas storage facilities.
It also showed estimates of the amount of gas in storage at the end of August and September. Those estimates are generated by a computer model.
Wednesday's weekly storage report from the AGA will show estimated inventory as of Oct. 12. The AGA estimate is based on reports from gas storage facilities. That data is then run through an AGA computer model to generate the report.
Lavorato said he would like to see the EIA, the Interstate Natural Gas Association of America or consultants like PIRA Energy Group, an international energy consulting firm, take over reports on storage inventory.
INGAA is an industry trade group representing gas pipeline companies in the U.S., Canada and Mexico. They manage many of the gas storage facilities.
Lavorato would like to see a new report based on data that could be audited, he said.
He said he thinks the AGA has found itself "in the middle of something it didn't want to be in." Originally intended for use within the gas industry, the weekly AGA report has become high-profile, and is even watched by equity markets, he said.
Some industry participants have criticized the AGA report, wondering whether it can be manipulated by companies that supply data to the AGA. Many of those companies also trade physical gas and gas futures.
When the AGA has revised storage figures from previous reports, gas prices have sometimes reacted wildly.

-By Michael Rieke, Dow Jones Newswires; 713-547-9207; michael.rieke@dowjones.com

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.
Financial Post: News
Earnings: A Few Bright Spots in the Shadows
Yesterday's earnings
National Post

10/17/2001
National Post
National
FP2
(c) National Post 2001. All Rights Reserved.
Maytag Corp. reported a third-quarter net loss of US$29.7-million yesterday, but said sales of its Maytag and Amana home appliances exceeded forecasts. Net income excluding charges was US45 cents a share.
Delphi Automotive Systems Corp. said third-quarter profit fell 82%. Third-quarter profit was US$26-million, (US5 cents), a drop from US$148-million (US26 cents) in the third quarter of 2000. Revenue was US$6.23-billion, down 6%.
Enron Corp. posted a third-quarter net loss as it chopped away at a tangled balance sheet with US$1.01-billion in charges, offsetting strong returns from its core wholesale trading and marketing division. Before charges profit was up 35%. Enron reported a net loss of US$638-million (US84 cents), compared with year-earlier net income of US$271-million, (US34 cents).
Netgraphe Inc., a Montreal-based Internet company, reported higher revenue and a reduced operating loss for its first quarter. But its net loss, which included depreciation, unusual items and amortization of goodwill related to acquisitions, rose to $11.7-million, up from $10.97-million. Netgraphe is the online division of Quebecor Inc.
Tellabs Inc., a telecommunications equipment maker, reported a third-quarter plunge as revenue fell by half. The Illinois-based company's results, including charges of US$60-million, fell to a loss of US$49.47-million (US12 cents), compared with a profit of US$187.3-million (US45 cents) last year.
Cott Corp., the world's largest supplier of store-brand soft drinks, reported a 40% rise in third-quarter profit, as beverage volumes soared nearly 25%. For the quarter ended Sept. 29, Toronto-based Cott, with annual sales of nearly US$1-billion last year, said it made a profit of US$11.1-million (US16 cents) up from a profit of US$7.9-million (US12 cents) in the previous year's quarter. Sales during the quarter rose 15% to US$302.5-million from US$263.5-million in the year-ago period.
Kraft Foods Inc. saw earnings rise 24% in the third quarter, its second as a public company. It earned US$522-million (US30 cents), compared with US$420-million (US24 cents) on a pro-forma basis, a year ago. Revenue slipped to US$8.06-billion from US$8.11-billion a year earlier.

Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.

Bush to Nominate Kelliher to Open FERC Seat, White House Says
2001-10-17 16:09 (New York)

Bush to Nominate Kelliher to Open FERC Seat, White House Says

     Washington, Oct. 17 (Bloomberg) -- President George W. Bush
will nominate Joseph Kelliher, a policy adviser to U.S. Energy
Secretary Spencer Abraham, to fill the open seat on the Federal
Energy Regulatory Commission, the White House said.

If the Senate approves Kelliher, a former Republican counsel
for the House Energy and Commerce Committee, the commission will
have its full five members for the first time since Pat Wood,
Bush's first FERC appointee, became chairman Sept. 1.

``I hope they speed him through the process,'' said
Commissioner Nora Brownell, a Republican who was appointed by Bush
earlier this year. ``He is a thoughtful person who knows how to
work through issues.''

Kelliher's nomination comes as the commission has pledged to
closely monitor and investigate abuses in the electricity and
natural gas markets and promote competition. In the next month or
so, it is due to choose which groups will run the electric power
grid around the country, an important step in deregulating the
nation's power markets.

A former power industry lobbyist, Kelliher would fill the
opening left by the departure of Curt Hebert, a Republican
appointed by President Bill Clinton and named chairman by Bush.
Hebert left the commission Aug. 31 to join Entergy Corp. after the
White House made it clear Bush planned to make Wood the chairman.
With Kelliher, FERC will have three Republicans and two Democrats.

``Kelliher will be a valuable final addition to the team now
working actively to finish the transition to truly competitive and
dynamic power markets,'' said the Electric Power Supply
Association, which represents competitive power sellers such as
Enron Corp.

The commission is responsible for ensuring fair wholesale
electricity and natural gas prices.

Energy Regulators May Loosen Price Caps on Western Power Sales
2001-10-17 14:59 (New York)

Energy Regulators May Loosen Price Caps on Western Power Sales

     Washington, Oct. 17 (Bloomberg) -- Federal regulators are
considering changes to wholesale price caps on electricity in
California and 10 Western states, which power producers hope will
allow them to charge more when supplies in the region are tight.

The Federal Energy Regulatory Commission plans a public
conference Oct. 29 to discuss altering the pricing formula. The
commission established caps in April and June, after skyrocketing
electricity costs led to insolvency for California's largest
utilities, units of PG&E Corp. and Edison International.

     ``We have heard and understand that people do think the
solution was very California-centric, and it was,'' FERC Chairman
Pat Wood said, indicating changes in the formula are likely. ``But
California's needs were very urgent at the time.''

     While commissioners declined to say what they would be
willing to change about the pricing formula, they want to fine-
tune the caps before the winter, which is the peak period of
demand and may yet cause another jump in prices, Wood said.
Changes could be made next month.

     The current pricing formula is based on the most-expensive
power generated in California. Enron Corp., Sierra Pacific
Resources and other sellers of power to California want the
formula to consider costs from all generators in the region.

     Enron blamed the formula for a July 2 blackout in Nevada,
when sellers withheld supply because local prices were too low
based on the highest cost of supply then being offered in
California.

                         Lower Power Costs

     Though the cost of wholesale power in California has dropped
since the commission ordered the first emergency cap on April 25,
Wood said the Western states may face another shortage of power
and high prices this winter.

     The Pacific Northwest depends on hydropower for much of its
energy needs, and rainfall has been below normal this year. Part
of the shortfall in power last year and early this year was the
result of a drought that reduced power available from dams.

     ``I remain concerned about that part of the country,'' Wood
said. ``It has not been raining a whole lot out there.''

     The average price for a megawatt-hour at the California-
Oregon border in September was $24.91, down from $313.70 in April.
A megawatt-hour is enough electricity to power about 750 average
California homes for an hour.

     On the agenda for this month's conference is a proposal to
link the formula to the price of natural gas, a fuel used in many
generating plants.

     ``I'm not predisposed for or against specific changes,'' said
FERC Commissioner Nora Brownell. The Oct. 29 conference will help
the commission determine aspects of the price control that the
parties involved agree are working and those that are not, she
said.

                             Surcharge

     In a related matter, the commission also may halt the 10
percent surcharge it permits generators to charge in California to
cover the costs of collecting bad debt. The insolvent California
utilities now have plans to pay off their debts.

     For power sellers in the West, the current price caps often
require utilities to sell their excess power at a loss, Enron,
Sierra Pacific and other marketers said in statements to the
commission. They said the price they sometimes pay for power is
higher than the cost of supply from the most-expensive producer in
California.

     ``The determination of the proxy price should not be limited
to California generators,'' Enron said in a government filing. It
should be ``determined by the least-efficient generator in the
entire West.''

     Power marketers also should be allowed to recover
``justifiable costs above the proxy prices,'' Enron wrote.

     California officials had demanded the price controls after
PG&E's Pacific Gas & Electric and Edison's Southern California
Edison racked up more than $14 billion in power-buying losses.

     The caps were extended to other Western states -- Oregon,
Washington, Arizona, Nevada, Wyoming, New Mexico, Colorado,
Montana, Idaho and Utah -- in June because some said generators in
the West could simply get around the cap by selling outside
California when prices were higher elsewhere. The caps don't
expire until Sept. 30, 2002, though they can be changed.

     California said before the price cap was extended to other
states that it sometimes had to outbid buyers in neighboring
states at prices above the caps to buy enough electricity to avoid
blackouts.

     On July 2, Sierra Pacific cut supplies to 10,000 customers
for 45 minutes when temperatures soared and three power plants
were idled. It couldn't buy 50 megawatts of power in the spot
market, partly because of suppliers' concerns with the federal
cap, company spokesman Paul Heagan said at the time.

Enron Faces Questions Over Limited Partnerships, WSJ Reports
2001-10-17 10:11 (New York)

     Houston, Oct. 17 (Bloomberg) -- Enron Corp. is facing
questions over agreements with two limited partnerships run by its
chief financial officer, Andrew Fastow, the Wall Street Journal
reported.

     Fastow set up LJM Cayman LP and LJM2 Co-Investment LP with
the approval of Enron's board. The partnerships have engaged in
billions of dollars of complex hedging transactions with Enron
involving company assets and Enron stock, the paper said. It isn't
clear from U.S. Securities and Exchange Commission filings what
Enron received in return.

     Enron said about $35 million of its $1.01 billion charge
reported yesterday was connected with the partnerships and
involves the ``early termination ... of certain structured finance
arrangements,'' the paper said. Chief Executive Officer Kenneth
Lay said in an earlier interview that related transactions
involving top managers aren't unusual, the paper said.

     According to the arrangement, the general partner, made up of
Fastow and at least one other Enron employee, received a
management fee of as much as 2 percent annually of the total
amount invested, the paper said, citing the LJM2 offering
document. Fastow declined to comment, the paper said.


?That is extremely bush league, to make a change at this hour.

I arranged my schedule around a 3:00 pm Wood meeting in SF and now am
committed to an East Bay meeting in the morning. I may be able to make it
there by 11:30 or noon.

-----Original Message-----
From: Tom Beach
To: Michael.Alexander@sce.com; MBD
Cc: 'Skaff, Andy@Dynegy'; 'Dingwall, Brian@UEM'; 'John Burkholder'; 'Jun,
Christine@aelaw'; 'Rick Counihan, Greenmountain.com'; 'Craig Chancellor';
'Colin Cushnie'; 'Bayless, David@Utility'; 'Elsesser, Evelyn@aelaw';
'Worster, Gerard@TXU'; 'Jeff Dasovich'; Jeff.Dasovich@enron.com; 'Jeff
Fawcett, Transwestern'; jleslie@LUCE.com; 'Paul, Joe@Dynegy'; 'Johnson,
Pamela@REMAC'; 'Karp, Joseph@Whitecase'; 'McCrea, Keith@CIG/CM';
kmills@CFBF.com; 'How-Downing, Lindsey'; MBD; 'Paul Amirault'; 'Phil Davies,
WGSI Calgary'; 'Doug Porter'; 'Counihan, Rick'; 'Pocta, Robert M.'; 'Michael
Rochman'; 'Scott, Susan@TW'

Sent: 12/13/00 4:37 PM
Subject: Change in Wood All-party Meeting

Jonathan Lakritz just called to change the Wood all-party to 11 a.m.
tomorrow.


Hi Jeff and Valerie -

Sorry I hadn't responded sooner.  I was trying to get Mr. Lay out of town.
Actually July 12 may work for him.  He is out of the office until June 12,
but I'll try to ask him on his messages, so you'll have an answer before then.

Rosalee

"Garten, Jeffrey" <jeffrey.garten@yale.edu> on 05/31/2000 04:44:31 PM
To: "'kenneth.lay@enron.com'" <kenneth.lay@enron.com>
cc: "'rosalee.fleming@enron.com'" <rosalee.fleming@enron.com>
Subject: Panel on Valuation

Dear Ken,

Although I didn't have your response in hand, based on the responses I have
received, it seems that the best time for our next meeting is 3:00 - 5:30
p.m. on July 12 in New York City.

I do hope you will be able to make it.  Please let me know.

In any event, I'll be in touch with you soon to follow up on the first
meeting.

Best regards,
Jeff


Have a great day!

Sergai T.
5-8036


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Attached are the revised credit terms for Huntway refining.  They have
requested to see a sample omnibus confirmation with the credit terms we
discussed on the phone with them.

Please call me if you have any questions.

Thanks,

John


Let's talk at our group meeting tomorrow about the changes we should be
making to our forms based on the CFMA and our conversation with Ken Raisler.


Gerald-

Per our conversation.  I have also told Ken verbally that he is not to send
the LLC agreement.

Thanks,

Audrey
---------------------- Forwarded by Audrey O'Neil/HOU/ECT on 02/22/2001 01:59
PM ---------------------------

"Ken" <kckrisa@apex2000.net> on 02/22/2001 01:27:01 PM
Please respond to <kckrisa@apex2000.net>
To: "Audrey O'Neil \(E-mail\)" <Audrey.ONeil@enron.com>
cc:
Subject: BLM ROW Application

Audrey,

I have written up a few items of the BLM application as requested by
Cordilleran - see the attached file.  I need to discuss these items with
you.

1.  Do we really need a separate unanimous consent document to go with this?
2.  The application requests to disclose the cost of the items - I am as
vague as possible.
3.  Supplemental page requires submittal (for file) a copy of the articles
of incorporation, bylaws (which for us means the LLC Operating Agreement).
Is this something everyone is aware of and ok with?  Talking to Craig, there
is no way around it.

Let's discuss today and maybe need to get Gerald's opinion.

I also sent you a copy of some mark-ups to the POD yesterday.  Any comments?
Discussed with Craig and Diane at Cordilleran this morning.  Moving ahead
with some of the changes.  Still need some info from BCCK.

Ken

 - BLM 299 Appl 2-01.doc


The Commodity Fundamentals website is back in service.  Please use the link provided below to access the website:

http://fundamentals.netco.enron.com/main.asp

Thank you,

Amanda Rybarski
Gas Fundamentals
Office: (713) 853-4384
Fax: (713) 646-8453
Pager: (877) 482-0772
Cell: (713) 560-0934


I just entered these deals for Mark -

586761 - sell pac
586763 - sell bp

Thanks,
Kate

Stephanie Piwetz   04/19/2001 01:43 PM

To: Kate Symes/PDX/ECT@ECT
cc: Kimberly Indelicato/HOU/ECT@ECT, Evelyn Metoyer/Corp/Enron@Enron

Subject: 2 additonal Mark Fischer deals 4/19

Prebon shows:

enron sells pacificorp  palo verde  4/23-4/30  25 mws   215.00

enron sells bp energy  4/23-4/30  palo verde   212.00

thanks


Start Date: 1/28/02; HourAhead hour: 8;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012808.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


I am concerned about the status of the Power and Gas GTCs.

I am pushing the marketing group to sign up customers in advance of launch
but we still have not finalized an agreement. This is of the utmost
importance otherwise turning EOL on will be like listening to yourself
talk.

Please advise of the status of these documents and when I can review them.

MFG


That actually made me cry.

Susan


Hi Heather,

The next i2 Board of Directors, Compensation Committee and Audit Committee
meetings (after the Oct 23rd meeting) are scheduled for Tues, January 16,
2001, at 8:00 a.m.  With the exception of the January 2001 meeting, no
others have been set.  After we receive our 2001 Earnings Release dates we
will schedule the Audit Committee and i2 Board of Directors meeting dates.

NOTE:  Effective immediately, Keith Larney (469-357-4497) and his
assistant, Shea Dugger (469-357-4195) of Legal will be taking over the i2
Board of Directors, Audit Committee and Compensation Committee meeting
responsibilities.

I will be collaborating with them on the October 23 meeting but if you have
any questions or concerns, please contact Keith or Shea.

Thanks!

Barbette Joy Watts
Executive Assistant to David Becker
One i2 Place, 3rd Floor
469-357-3460 (Direct)
469-357-6769 (Fax)
barbette_watts@i2.com

                    Heather_Dalto
                    n@Dell.com           To:     Barbette_Watts@i2.com
                                         cc:
                    10/09/00             Subject:     Board dates
                    08:19 AM

Hi Barbette-

Can you send me the dates for any upcoming Board mtgs?  I'm going over
Tom's
calendar w/ a fine tooth comb & want to make sure that what we have is
correct.

Thanks!
Heather


Attached is a clean, non-redlined version of the DRAFT press release.  I hope.


Greg do you agree with the notes below.

John

 -----Original Message-----
From:  Steffes, James
Sent: Thursday, June 07, 2001 7:36 AM
To: Lavorato, John; Kitchen, Louise
Subject: Agenda for FERC Meeting RE: EOL

FYI.  Here is our agenda for the FERC staff that is coming to Houston to
visit next Monday.  Please call if you have any questions.

Jim

---------------------- Forwarded by James D Steffes/NA/Enron on 06/07/2001
07:35 AM ---------------------------
From: Christi L Nicolay@ECT on 06/06/2001 05:27 PM
To: marvin.rosenberg@ferc.fed.us
cc:  (bcc: James D Steffes/NA/Enron)

Subject: Agenda for EnronOnline Meeting

Marvin -- We look forward to your visit.

Agenda for Meeting at Enron

Monday, June 11

12:15:  FERC Team arrives at Enron
  1400 Smith Street
  Come to the Front Desk -- Sarah Novosel (Senior Director, Federal
Regulatory Affairs)
  and Christi Nicolay (Senior Director, Power Trading, Federal Regulatory
Affairs)
  will be waiting to meet you and sign you in with security

12:30-1:30 Lunch with Christi Nicolay, Sarah Novosel, Jim Steffes (Vice
President, Government Affairs)

1:30 - 2:30 Presentation by Dave Forster, Vice President, EnronOnline

2:30 - 3:00 Tour of Power Trading Floor with meeting and demonstration of
trading activities with
  Kevin Presto, Vice President

3:00 - 3:30 Tour of Gas Trading Floor with meeting and demonstration of
trading activities
  with Phillip Allen, Managing Director,  West Gas Trading

3:30 - 4:00 Wrap Up


OK?   DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/22/99 03:35
PM ---------------------------

Christine Stokes
12/22/99 10:58 AM
To: Steven Harris/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON
cc:

Subject: Transwestern Contract Approval Request

TRANSWESTERN CONTRACT APPROVAL REQUEST

Please review the attached non-standard discount letter for Red Cedar
Gathering Company.  This one year contract is for 100,000 Dth/d of Ignacio to
El Paso Blanco capacity.  Red Cedar will pay a one-part rate of $.02 based
upon 70% of the contract's MDQ.  They will also pay a $.02 rate for the
remaining 30% of the contract's MDQ  on a "as-use" basis.

Please provide approval via REPLY WITH HISTORY.  If any questions arise,
please contact me at x35702.


September 8, 2000

     Teco Tap       50.000 / HPL IFERC ; 25.000 / Enron

     LS HPL LSK IC       15.000 / Enron

September 9, 2000

     Teco Tap       85.000 / HPL IFERC ; 40.000 / Enron

September 10, 2000

     Teco Tap       112.500 / HPL IFERC ; 25.000 / Enron

     LS HPL LSK IC       15.000 / Enron


----- Forwarded by Steven J Kean/NA/Enron on 02/28/2001 02:09 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	02/26/2001 06:50 PM

		 To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Sandra McCubbin/NA/Enron@Enron, mpalmer@enron.com,
Karen Denne/Corp/Enron@ENRON, John
Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Harry Kingerski/NA/Enron@Enron,
Susan J Mara/NA/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Leslie
Lawner/NA/Enron@Enron, Alan Comnes/PDX/ECT@ECT
		 cc:
		 Subject: Solve IOU Undercollection with a Mere 10% Average Rate Increase?

Greetings:

Please review the attached.  It's a summary I've put together of a very
lengthy analysis MRW did for us over the weekend.  I've also attached the
considerably lengthier MRW memo for those who'd like to see it.  The tables
included in the summary are pulled directly from the MRW memo.  The analysis
only addresses the utilities undercollection (i.e., solvency) and doesn't
address any additional increases that might result from DWR's buying
activities.

The Bottom Line
 By raising average rates 10% over a 10-year period, California could 1)
return the utilities to solvency, and 2) help close the  supply-demand gap by
providing customers with better price signals.
 California could achieve these goals under this new rate structure and at
the same time exclude one-third of residential  customers from any increases.
If California chose not to exclude any customers from the new rate structure,
California  would only need to raise average rates by about 8.8%.
 This level of increase is in line with increases enacted in other states
(e.g., Washington: 28-34%; Montana: 4.5-32%; Idaho:  6.0-24%; Nevada:
7-12.5%; New Mexico 12%).

We'll need to look at it critically and try to shoot holes in it before going
public with the numbers as part of our broader effort, but it offers a
reasonable benchmark against which to judge alternatives (like spending the
kids lunch money on crumbling, broken down transmission systems).

Please provide feedback as soon as possible, and perhaps, Paul we conclude
the MRW work on the agenda for discussion on tomorrow's daily conference call.

Best,
Jeff

 - Undercollection assessment final.doc


Sounds good to me.

We really need to get this amendment signed today.  Please do what you can to
expedite.

Thanks,

Kay

---------------------- Forwarded by Kay Mann/Corp/Enron on 01/05/2001 08:28
AM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 01/04/2001 07:23:30 PM
To: CCampbell@KSLAW.com
cc: Kay.Mann@enron.com, DPedigo@INTERGEN.com

Subject: ENA/Sweetgum Amendment Letters

Carolyn,

It has been brought to may attention that Section 3.2 of both of the
LLC Agreement forms that were initialed on December 27 incorrectly
states that SEL is a Delaware limited liability company rather than a
Delaware limited partnership.  Since the amendment letters purport to be
all inclusive, they should be further amended by inserting the following
sentence in an appropriate place in the two amendment letters for the
turbine generator sets:

"The Parties further agree that Section 3.2 of the LLC Agreement to
which reference is made in the Original Agreement will be amended as
appropriate to reflect that SEL is a Delaware limited partnership and
not a Delaware limited liability company."

George


Patti,

Chris said you had problems gettting to the manual entry website.  The link
is http://fundamentals.dev.corp.enron.com/admin/manualentry/

Socal Manual Entry is the correct pipeline to choose (a slight change from
Socal).  Also, we need to start entering the Clay basin numbers under the
Questar Manual Entry pipeline, however, Chris Hyde is working to set up the
page so that a delivery and a receipt value can be entered.

Mat


Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
----- Forwarded by Cheryl Nelson/NA/Enron on 03/30/2001 01:37 PM -----

	"Meytina, Anna Confidential Memo-Counsel (Exchange)" <ameytina@bear.com>
	03/29/2001 01:39 PM

		 To: "'cheryl.nelson@enron.com'" <cheryl.nelson@enron.com>
		 cc:
		 Subject: FW: Assignment and Assumption Agreement

> -----Original Message-----
> From: Meytina, Anna Confidential Memo-Counsel (Exchange)
> Sent: Thursday, March 29, 2001 2:32 PM
> To: 'Cheryl.Nelson@enron.com'
> Subject: FW: Assignment and Assumption Agreement
>
> Apologies!
> -----Original Message-----
> From: Meytina, Anna Confidential Memo-Counsel (Exchange)
> Sent: Thursday, March 29, 2001 12:21 PM
> To: 'Cheryl.Nelson@enron.com'
> Subject: Assignment and Assumption Agreement
>
> Cheryl:
>
> As discussed, attached please find the revised Assignment and Assumption
> agreement.
>
> Regards,
>
> Anna
>
>  <<Enron Assign& Assumpt.doc>>

 - Enron Assign& Assumpt.doc
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