Tim -- This is the only article our "research department" could find.  Hope
it's the one you were looking for.  kd
---------------------- Forwarded by Karen Denne/Corp/Enron on 03/21/2001
08:55 AM ---------------------------

	From:  Ann M Schmidt                           03/20/2001 04:14 PM

To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: San Diego Union-Tribune

Karen,

I have combed carefully through past San Diego Union-Tribune articles for the
article Tim Belden is looking for and below are the only two articles that I
can find that remotely address Steve Peace and the stranded cost issue.  I
have a feeling it may not be what they are exactly looking for but then again
it may be.  I even had Miyung Buster and Lynette Barnes take a stab at
finding it and they had no luck. Please let me know if this is it and if not
I can combed through again.  Thanks, Ann

NEWS
ELECTION '98 | PROPOSITION 9
Sparks fly over utilities measure | Consumer groups vs. broad coalition
Ed Mendel
STAFF WRITER

10/11/1998
The San Diego Union-Tribune
1 2
A-1
(Copyright 1998)

SACRAMENTO -- It looked like a triumph of legislative deal-making when, after
a year and a half of talks, a sweeping plan to deregulate electricity in
California came together in the final hours of the legislative session two
years ago.
The bill, brokered mainly by state Sen. Steve Peace, D-El Cajon, was not
opposed by any special-interest group. The complicated measure sailed through
both houses of the Legislature without a single "no" vote. But then consumer
groups took a second look.
They reached two main conclusions: A promised 10 percent rate reduction is
"phony," they say, and ratepayers should not have to pay for privately owned
utilities' ill-advised investments in nuclear power plants. Now the consumer
groups, backed by one of the biggest names in consumer protection, Ralph
Nader, have placed an initiative on the Nov. 3 ballot, Proposition 9, that
would make major changes in the deregulation plan passed two years ago.
"Billions of dollars of ratepayer money has been committed not to a
sustainable energy future but to the outright bailout of uneconomic nuclear
and fossil-fuel plants owned by investors," said Nader.
Proposition 9 prohibits ratepayers from being charged to pay off $6 billion
in bonds issued last year to finance a 10 percent cut in electricity rates
that took effect last January.
Furthermore, the initiative promises a 20 percent rate reduction by
prohibiting utilities from charging ratepayers for the "transition" costs as
they move nuclear and other uneconomical power plants into a deregulated
system.
The ballot measure is alarming to opponents, a broad coalition that includes
nearly all of the major business, labor, agriculture and local government
groups, some environmental groups, the Republican and Democratic parties, and
the leading gubernatorial candidates: Democrat Gray Davis and Republican Dan
Lungren.
Opponents say the initiative would be a severe setback for the deregulation
process needed to bring more competitive electricity prices to California,
where rates have been 50 percent higher than the national average. The
opponents also contend that the initiative could force taxpayers to pay off
the $6 billion bond, drive up the cost of borrowing for state and local
government by damaging bond credit ratings, and ultimately result in higher
rates for residences and businesses.
"I think it's fair to say Proposition 9 is categorically the most
disingenuous, misleading, anti-consumer proposition ever put on the ballot,"
said Peace.
With heavy funding from utilities, opponents have launched an extensive
television ad campaign to defeat Proposition 9. Backers of the measure say
their campaign will probably be limited to grass-roots work. Some polls have
shown Proposition 9 with a lead. But the statewide Field Poll, which has
decades of experience polling on ballot measures, showed the initiative
trailing by a ratio of nearly 2-to-1.
Mark DiCamillo, Field research director, said that successful initiatives
usually have a lead of about 2-to-1 in early polling. DiCamillo said the
results of the poll are "very ominous" for Proposition 9. The stranded issue
At the heart of the dispute is what has become known as the "stranded" costs
of the three large privately owned California utilities: San Diego Gas &
Electric, Southern California Edison, and Pacific Gas and Electric. The rates
that the utilities could charge in the past were set by the California Public
Utilities Commission. In exchange, the utilities had little or no
competition, and they were required to serve all creditworthy customers in
their service areas.
The utilities invested in nuclear power plants and, at the direction of
regulators, also made long-term contracts at relatively high rates to ensure
a stable supply of electricity from sources that minimized pollution.
But in a deregulated market, the utilities cannot sell power from nuclear
plants and their long-term contracts at competitive prices. Thus, the
utilities' cost of paying off the debt on their nuclear power plants and
other long-term contracts is said to be "stranded."
The nonpartisan Legislative Analyst's Office said the nuclear-related
stranded costs for the three utilities is about $10 billion. Estimates of
their total stranded costs are as high as $28 billion.
Peace and the backers of the deregulation legislation argue that it would be
unfair and illegal to force the utilities to pay their stranded costs,
because the state changed the rules of the game and the marketplace. A
federal court ruled against a New Hampshire restructuring plan last year that
would not have allowed a utility to recover its stranded costs. The utility's
lawsuit argued that the plan violated the "contracts" and "takings" clauses
of the U.S. Constitution.
The California plan allows the utilities to pay off their stranded costs in
two ways. The utilities received $6 billion from a bond issue that will be
paid off by ratepayers over 10 years, and the utilities can add a Competition
Transition Charge to ratepayer bills until March 31, 2002. Meanwhile, rates
are capped, and the amount of the competition surcharge that could be added
to ratepayer bills shrank or disappeared last summer as energy costs soared.
There is no guarantee that all of the stranded costs will be paid off under
the plan. Pacific Gas & Electric, a Northern California utility with
hydroelectric power sources, is said to have plenty of room under the rate
cap and may recover all of its stranded costs. But some think that San Diego
Gas & Electric and Southern California Edison could fall short of full
recovery. In the view of the backers of Proposition 9, the deregulation
legislation is far too generous to utilities. The consumer advocates say that
the shareholders of the investor-owned utilities should share risk as well as
profits, particularly from the nuclear power plants. Harry Snyder of
Consumers Union said that other states, such as Pennsylvania and Illinois,
are not asking their ratepayers to pay all of the stranded costs of
utilities.
Proposition 9 would prohibit ratepayers from paying most of the transition
costs and all of the bond payments, resulting in a rate reduction of at least
20 percent. A disputed preliminary staff report from the state Energy
Commission estimated that the reduction could be 32 percent. The bond deal
Most of the controversy has centered on the $6 billion bond issue.
After the amount was determined by the Public Utilities Commission, the bond
was issued by private trusts created through the state Infrastructure Bank.
The bond refinances some long-term utility debt at a lower interest rate.
Peace said ratepayers save $1.2 billion on the amount that would be paid on
the debt if there had been no refinancing.
Furthermore, said Peace, the bonds allowed the deregulation legislation to
include a 10 percent rate reduction that took effect last January. He said
the lower rates not only benefit customers, but also thwart unscrupulous
competitors.
"I didn't want a bunch of fly-by-night operators coming in here with all of
the rip-offs that we saw during the deregulation of telephones," said Peace.
But the consumer advocates say that the bond payments will offset most of the
rate reduction, making the alleged short-term savings from the deregulation
little more than a shell game.
"What they did was deny the 10 percent rate reduction," said Lenny Goldberg,
a lobbyist for The Utility Reform Network, or TURN. "We ended up with a rate
reduction of 2 to 3 percent by financing the entire thing and making us pay
for 10 years."
Opponents have been running television ads contending that passage of
Proposition 9 could result in the state -- meaning taxpayers -- paying off
the $6 billion bond, rather than the utilities and their shareholders as
intended by the authors of the initiative.
But many think that the courts, citing long-standing laws covering contracts,
would be virtually certain to overturn the provision in Proposition 9 that
prohibits ratepayers from paying off the bond.
Under the existing deregulation, the bonds are in essence being financed by
ratepayers.
After talking to experts, the Legislative Analyst's Office concluded that the
probability of taxpayers becoming responsible for the bond is "very low." The
possibility is not even mentioned in the analyst's discussion of Proposition
9 in the ballot pamphlet.
One of the co-authors of the initiative, Mike Florio of TURN, conceded at a
legislative hearing that the provision barring ratepayers from paying off the
bond is likely to be overturned in court. If ratepayers are charged for the
bond payments, the initiative has a fallback provision that is intended to
require utilities to reduce their rates to offset the bond payments made by
ratepayers.
Consumer groups drop support
California and other states began to move toward deregulation after a 1992
federal law removed restrictions on the ownership of power-generating
facilities and made it easier for independent power generators to use
existing transmission lines.
Consumer groups and some legislators said that a California Public Utilities
Commission decision on deregulation guaranteed full recovery of stranded
costs and was skewed toward businesses and big customers at the expense of
residential users.
At first, consumer groups welcomed the legislation put together by Peace and
others as an improvement over the PUC's plan.
A four-page letter from TURN and the San Diego-based Utility Consumers'
Action Network expressed some reservations about the plan, but concluded with
these words:
"However, we will not oppose a bill which, under difficult circumstances, has
successfully incorporated a number of the concerns of residential and
small-business customers."
But after more study, Proposition 9 was written by a group of consumer
advocates, including Florio of TURN, Snyder of Consumers Union, and Harvey
Rosenfield, whose Proposition 103 cut insurance rates a decade ago. Backers
of the deregulation legislation accuse the consumer groups of "betrayal" and
breaking a deal, while the consumer advocates denounce the legislation as a
"fraud" and a "rip-off."
Peace and Snyder, who once had a good working relationship, are now
exchanging bitter barbs.
Snyder said of Peace: "He is doing the bidding of the utilities, not the
public, and he is really a disgrace to democracy."
Peace said he has never been so disgusted with political opponents: "It isn't
so much the issue, as it is their total disrespect for truth and for the
process itself."
The consumer groups used a contribution of about $800,000 from the Public
Media Center, a nonprofit organization in San Francisco, to gather the voter
signatures needed to place the initiative on the ballot. Opponents of the
initiative have suggested that the Public Media Center laundered
contributions from out-of-state energy companies and may have exceeded the
political contribution limit for nonprofit organizations. Herb Chao Gunther,
Public Media Center president, said the organization has received no
contributions from out-of-state energy companies. He said the organization,
which grossed $32 million during the last two years, is well within the
contribution limits for nonprofit organizations based on revenue.
"It's the classic defensive posture of trying to make us the issue," Gunther
said of the allegations from Proposition 9 opponents.
Proposition 9
What it does: Changes a state law deregulating the electric industry.
Electric utilities would be barred from charging customers to recover the
cost of nuclear power plants. Customers could not be charged to repay $6
billion worth of bonds issued last year to finance a rate reduction. Requires
a 20 percent reduction in electricity rates, rather than the 10 percent
reduction currently required by deregulation. Arguments for:
{} Privately owned utilities pushed through a deregulation law that allows
them to raise electric rates to pay off their money-losing investments in
nuclear power plants. The bonds used to cover the cost of a phony 10 percent
rate cut would be paid off by private utilities, not consumers or taxpayers.
Consumers would get an honest 20 percent rate cut not covered by back-door
payments to private utilities. A study suggests that rates eventually could
be cut by a third. Supporters:
{} Consumers Union, Ralph Nader, Harvey Rosenfield, The Utility Reform
Network and League of Women Voters.
Arguments against:
{} Taxpayers would be liable for the $6 billion bond repayment, potentially
causing a major cut in funding for schools and other services or a tax
increase. Changing the source of repayment for the $6 billion bond would
jeopardize state and local bond ratings. The plug would be pulled on a
deregulation plan that eventually will produce permanent electricity rate
reductions through a competitive market system. The poorly written measure
would trigger a major court battle. Opponents:
{} California Chamber of Commerce, California School Employees Association,
California Organization of Police and Sheriffs, Environmental Defense Fund,
Planning and Conservation League, California Taxpayers Association,
Democratic and Republican parties.

3 PICS | 1 CHART; Caption: 1. No charge: Proposition 9 would prohibit
utilities from charging ratepayers for much of the cost of uneconomical
nuclear plants,including San Onofre. (A-19) 2. Proposition 9 (A-19) 3. Steve
Peace: "I think it's fair to say Proposition 9 is categorically the most
disingenuous, misleading, anti-consumer proposition ever put on the ballot."
(A-19) 4. Ralph Nader: "Billions of dollars of ratepayer money has been
committed . . . to the outright bailout of uneconomic nuclear and fossil-fuel
plants." (A-19); Credit: 1. FILE PHOTO 2. UNION-TRIBUNE

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

BUSINESS
Only a few unplug | Despite deregulation, 99% of consumers stay with same
power firms
Craig D. Rose
STAFF WRITER

10/13/1998
The San Diego Union-Tribune
1 2 3 6 7 8
C-1
(Copyright 1998)

State Sen. Steve Peace can take credit for co-authoring California's
electricity deregulation bill -- legislation that appeared to revolutionize
the power market and provide an array of choices to consumers. But when it
comes to his own home, Peace hasn't revolutionized anything: His household is
still drawing current from SDG&E.
"Here is where my wife's skepticism is," said the Democrat from El Cajon.
"And she makes the decisions."
The Peace family belongs to a very big club.
About 99 percent of the state's consumers continue to receive electricity
from their local utility, despite the nominally competitive market now in
place. In fact, a full six months after deregulation of the state's $23
billion power industry, the outcome remains short of electrifying. In August,
about 17,000 of the 10 million utility customers switched to a new power
provider. But during the same period, 3,300 switched back to their local
utility.
Overall, about 9 percent of the load in competitive markets has switched to
new providers, with utility companies retaining the 91 percent of the market
they've traditionally held.
If consumers are underwhelmed, would-be competitors also express surprise at
the lack of competition in the newly opened market.
"Of the 300 that signed up (to be new power providers), only five or six are
legitimate power providers," said Frederick Bloom, chief executive officer of
Commonwealth Energy, which claims 39,000 customers. Under California's
deregulation plan, SDG&E and other local utilities have retained their
monopolies over regional power grids. But there is supposed to be competition
in the power-generation business.
Companies registered with the California Public Utilities Commission win the
right to sign up customers and supply power to a state pool in amounts
equivalent to the usage of their customers. And hundreds of companies signed
up to compete.
But the new power companies say that technical hassles and the burden of
paying utilities about $28 billion for their unprofitable nuclear plants and
other investments -- so-called stranded costs shouldered by all ratepayers --
is limiting their ability to truly compete.
Many find they're unable to offer much if anything beyond the 10 percent rate
reduction mandated to all ratepayers under the state's deregulation law.
The payback of stranded costs, meanwhile, has provoked Proposition 9, a voter
initiative that would rewrite terms of the open power market and cancel the
payoff to utilities, while promising deeper rate cuts to small power users.
If smaller users have found little to excite them in the new market, some
larger commercial power users have found savings in the deregulated market.
Collectively, these larger users have switched about 20 percent of their load
to new providers.
A small number of residential consumers also are unplugging from local
utilities for green power, electricity said to be generated by means other
than burning a fossil fuel.
Peace says all this is what he expected.
"This is probably the single most complex transition of any single market,"
Peace said. "I'm stunned by how smoothly it has gone."
But Harvey Rosenfield, a consumer activist leading the effort to pass
Proposition 9, says consumer indifference proves that California's
deregulation is a "total fraud."
"It's a devastating indictment of the way deregulation was crafted by the
Legislature to destroy competition for residential ratepayers," Rosenfield
said.
Either way, deregulation has opened the door to small savings for at least a
few local power users.
The San Diego Association of Governments, which purchased about $40 million
in power annually from SDG&E, hopes to cut about $1 million from its yearly
power bill by purchasing its energy from Commonwealth Energy Corp. in Tustin.
The savings were hard to find.
The association had to twice bid out its power needs before finding a vendor
that could provide savings worth the effort to switch. Even with a vendor in
hand, the changeover has been prickly.
"It's a very detailed process for switching each account," said Steven Sachs,
senior planner with SANDAG. What had been expected to be a 60-day process is
now nearing completion after more than three months, he said. "We hope the
headache was mostly at the front end," Sachs said. "The real issue is that
all local governments have to be in the energy market so it's a great chance
for these people to learn about what is going on." Macy's department stores
in San Diego have also unplugged from SDG&E and contracted for power from New
Energy Ventures.
The department store chain made the switch to save money, said Russ Brown,
energy manager for Macy's Western division, but he declined to discuss the
amount of savings the stores hope to achieve.
"Nobody does this to lose money," Brown said.
New Energy Ventures, which is supplying power to Macy's, meanwhile, touts
itself as the biggest winner in the new market. The Los Angeles-based company
says it's won about 40 percent of the power load now being supplied by
companies other than the major utilities.
The company says the key to its success has been shared-savings contracts
with customers, in which the power company and its customers share the
savings that are achieved through the relationship, said Michael Peevey, the
company's chief executive officer. Smaller users
Peevey noted that such savings are unavailable to residential and small
commercial customers. The automatic 10 percent rate cut plus the stranded
cost payments make it difficult for new companies to compete against the
utilities for smaller power users.
"We look forward to the time (in 2002) when the utilities industry's stranded
costs are paid by customers so that we can begin to provide truly significant
reductions in energy costs for customers," said Peevey. Arthur O'Donnell,
editor of California Energy Markets, a weekly newsletter based in San
Francisco, agreed that the rate cut and the burden of stranded costs has
eliminated the potential for lower prices for most Californians. Attempting
to compete on price under the current market structure can be fatal,
O'Donnell added, who noted that at least three companies competing for
residential customers have already defaulted, unable to deliver the power
they promised consumers and forced to turn their accounts back to utilities.
"That's the first solid evidence of people getting washed out of the market,"
said O'Donnell.
Peace says small customers will have more significant choices in power
company offerings within a few years.
"It was always our preference in the Legislature that the transition to
competition in the residential arena not be pushed fast because residential
customers are vulnerable to scams," said Peace. Moving slowly will allow
residential power users to become more sophisticated about their choice. In
the meantime, he said, small customers have benefited from the 10 percent
rate cut, plus from the boost to the state economy from the savings that
larger companies are achieving in their power bills.
Green power niche
That said, green power has found a niche in the new market, although these
offerings require customers to pay up to 25 percent above the cost of
conventional power. O'Donnell calls green power the most robust sector of the
new market.
Among the leaders in the niche is Green Mountain Energy Resources of Vermont.
The company declines to disclose the number of customers it has signed up
beyond saying it's greater than 10,000 and should exceed 50,000 by year-end.
Douglas Hyde, president of Green Mountain, believes that more than 20 percent
of California's 11 millions power users are potential green power customers.
"The lack of active price competition is not what we expected, but on the
other hand we're convinced the value of the (green power) we bring to the
market will excite people," said Hyde. "We sell cleaner resources to
customers who care about the market."
That customer base may extend beyond what many expected. Edison Source, for
example, a unit of Edison International, has won a contract to supply power
from renewable sources to several of Toyota Motor Sales USA's offices in
California. Other commercial users have also gone green, said O'Donnell. But
any revolution in the California market is unlikely for several years, he
said.
"What has happened is kind of what was expected," O'Donnell said.
"Deregulation was not meant for residential customers."
Trickle but no bolt
A few thousand of SDG&E's 1.2 million customers each month request to leave
the utility for a new power supplier. More than 97 percent have stayed put. A
smaller number each month are filing requests to return to SDG&E. 1997
Leaving SDG&E Returning to SDG&E
Nov. 224 0
Dec. 612 0
1998
Jan. 268 0
Feb. 828 0
March 1,892 12
April 6,878 81
May 1,562 104
June 1,840 143
July 5,074 375
Aug. 5,897 242
Sept. 4,225 2,214*
*2,012 returned to SDG&E because one company defaulted.

1 ILLUSTRATION | 1 CHART; Caption: Trickle but no bolt | A few thousand of
SDG&E's 1.2 million customers each month request to leave the utility for a
new power supplier. More than 97 percent have stayed put. A smaller number
each month are filing requests to return to SDG&E. (C-7); Credit: 1. KRIS J.
LINDBLAD / Union-Tribune 2. UNION-TRIBUNE | SOURCE: SDG&E

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


i heard from the girl you beat up.  she told me you said "what are you
looking at bitch?"  and then you told her "this is central fool, you'd betta
recognize!".  sounded like you really took it to her.  i am going to the tenn
game.  i am probably going to woodrows for the next game.


How do I get the software to operate Socal Gasselect and Passport?  I would
like to have them installed on my desktop and laptop.

Thanks,
Mike


Market Data has recently made changes to the Reuters Kobra permissioning database.  If you no longer have access to information that you previously utilized on your Kobra application, please contact Julie Pechersky at 713 853-9225 and the data will be restored immediately.

We appreciate your assistance.

Market Data


Piper -- Thanks so much for your assistance in pulling this meeting
together.  Attached is a sample invitation we'll send from Ken Lay to the
CEOs of the companies in the attached spreadsheet.  I appreciate your calls
to the policy folks at these companies to supplement the email from Ken --
hopefully, we'll get a good turnout.

Please let me know if you need additional information.

Thank you!

Karen


Group,
There have been a fair amount of changes to the schedule recently--we need to start tracking these "off-schedule sheet" changes.
So...
If you will be unable to work a shift it is your responsibility to find a replacement, and then let me know through a phone call or an email regarding the switch.

Thanks,
Bill


Call Leslie Hansen at x36121.  She is a lawyer and will be able to help you.
I am a paralegal that assists her.

	Stephen Abbanat@ENRON COMMUNICATIONS
	11/07/2000 05:14 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Enron T&C information

Tana,

I may have a need for legal review of a draft MOU and agreement with Oracle
in the near future.  Dovie tells me you are our primary contact.

What is the best process for scheduling time for legal support on an MOU?

- Steve

----- Forwarded by Stephen Abbanat/Enron Communications on 11/07/00 03:12 PM
-----

	Dovie Keprta
	11/07/00 12:20 PM

		 To: Stephen Abbanat/Enron Communications@Enron Communications
		 cc:
		 Subject: Enron T&C information

Steve-

Tana Jones is the legal specialist for our group.  She has handled all of the
NDAs and I'm sure she's got info for your MOU purposes.

Her extension:  713-853-3399

-dovie


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/06/2001 03:27
PM ---------------------------

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 04/06/2001 02:53:20 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: Enron/Delta Turbine Acquisition

Okay.  My exit strategy didn't work and I got these back.  Lee said to ask
you to send to me the Salmon Facility Agreement.  Is this the same as Delta.

Also, what other documents will we have here.  Will there be any override
letters, assignments, consents (other than below)?

Do I have any hope of getting out of the opinion.  What good is an in-house
attorney's opinion anyway.  It may be a stumbling block as we've never given
one before and I don't know how long approval procedures may take.

Are the documents below up to date.

Too fun!!

Kent

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, April 02, 2001 11:10 AM
To: kent.shoemaker@ae.ge.com
Cc: lee.johnson@ss.ps.ge.com
Subject: Enron/Delta Turbine Acquisition

Hi Kent,

I don't know whether Lee has mentioned the Delta Power deal that we are
working on.  We are taking 4 turbines and putting them in an LLC, and
selling some of the interest in the LLC to Delta Power.  Three of the
turbines are turbines formerally known as LV Co Gen turbines, and we are
buying new LM's to replace the ones we are using here.  In any event, Delta
Power is financing the deal, and they have asked that we get GE sign off on
the attached documents.  Therefore, I would be interested in your response
to the attached.

I understand that Lee is in New Orleans today, but I'll send him a copy
anyway.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/02/2001 10:05
AM ---------------------------

"PARKER, Isabel" <isabel.parker@freshfields.com> on 04/01/2001 05:10:38 PM

To:   "Carolyn Campbell (E-mail)" <CCampbell@KSLAW.com>, "John Keffer
      (E-mail)" <JKeffer@KSLAW.com>, "Kay Mann (E-mail)"
      <kay.mann@enron.com>, "Rick Vicens (E-mail)"
      <rvicens@deltapower.com>, "Gregory F. Lang (E-mail)"
      <gregorylang@paulhastings.com>
cc:   "BURKE, Ted (TDB)" <ted.burke@freshfields.com>

Subject:  Enron/Delta Turbine Acquisition

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify
us immediately by reply e-mail and then delete this message from your
system.  Please do not copy it or use it for any purposes, or disclose its
contents to any other person:  to do so could be a breach of confidence.
Thank you for your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email
ITHelp@freshfields.com if you need assistance.

As discussed during our call earlier this afternoon, please find attached
for onward transmission to GE a draft of (i) the GE Consent and Agreement
and (ii) the GE legal opinion.

Kind regards
Isabel

(See attached file: NY003700033.DOC)
(See attached file: NY003699615.DOC)


Josie  2:00 p.m.   wed


Louise,
The multiples have been updated.

Thanks,
Misti
x39525


Your call.

-----Original Message-----
From: Dasovich, Jeff
Sent: Monday, September 10, 2001 1:08 PM
To: Tribolet, Michael; Shapiro, Richard; Steffes, James D.; Mara, Susan;
Kaufman, Paul; Kingerski, Harry; Mellencamp, Lisa
Subject: FW: ALL PARTY MEETING A.00-11-038, et al. Wed. 9/12/01 @ 11:00
a.m.

We should determine whether we want to voice an opinion on this.  Seems there would be two issues  that might concern us:  1) bankruptcy and 2) effect on our book.  Might be useful to discuss briefly; perhaps first thing tomorrow morning.  Thoughts?

Best,
Jeff

-----Original Message-----
From: JBennett [mailto:JBennett@GMSSR.com]
Sent: Monday, September 10, 2001 9:53 AM
To: Jeff Dasovich (E-mail); Jim Steffes (E-mail); Kingerski, Harry; Sue
Mara (E-mail)
Subject: FW: ALL PARTY MEETING A.00-11-038, et al. Wed. 9/12/01 @ 11:00
a.m.

Cmmr. Wood is holding an all-party meeting on Wednesday to address the
proposed decision on DWR's revenue requirement (and the concurrent
allocation of that revenue requirement among the UDCs). The Commission is
due to vote on this proposed decision at its continuation meeting on
Thursday (the 13th)  Please let me know by tomorrow if you would like anyone
from our offices to attend.

Jeanne Bennett

> -----Original Message-----
> Serizawa, Linda; Weissman, Steve; Toy, Mary "Susie"; Wood, Carl W.
> Subject:	ALL PARTY MEETING A.00-11-038, et al. Wed. 9/12/01 @ 11:00
> a.m.
>
>  <<CPUC01-#106125-v1-All_Party_Meeting_Notice_-_A_00-11-038__et_al__.doc>>
>


Bill -

Just a reminder, as Craig, Eric, and Steven all started after 12/31/00, they will not be receiving a performance raring for mid-year.  You will still need to complete a formal review with each employee and set goals for the remainder of the year.

If you have any questions or need additional information, please let me know.

Amy


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/27/2001
06:02 PM ---------------------------

Scott Salmon@ENRON
04/27/2001 01:27 AM
To: Amitava Dhar/Corp/Enron@ENRON
cc: Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Iris
Mack/ENRON@enronXgate, Vasant Shanbhogue/Enron@EnronXGate, Vince J
Kaminski/HOU/ECT@ECT, Craig Chaney/Enron@EnronXGate
Subject: Re: Short Term Private Firm Model: Static historical
snapshot+performance data for model development

Amitava,

Thank you for the detailed info on the required data and thoughts on its
scope.  I'll discuss it with Mike and Eric this morning.  Also agree that
we'll almost assuredly save money in the long run by building a more robust
model off more comprehensive data to start with.

Cheers,
Scott

Amitava Dhar
26/04/2001 21:23
To: Mike Mumford/LON/ECT@ECT, Eric Kirkpatrick/EU/Enron@Enron, Scott
Salmon/EU/Enron@Enron
cc: Iris Mack/ENRON@enronXgate, Vasant Shanbhogue/Enron@EnronXGate, Vince J
Kaminski/HOU/ECT@ECT, Craig Chaney/Enron@EnronXGate

Subject: Short Term Private Firm Model: Static historical
snapshot+performance data for model development

Mike, Scott, Eric,

After brainstorming and discussing further on data here, we think that our
final specifications for modelling data requirement need to be as follows:
We need bankrupt, default and nondefault (which covers nonbankrupt) accounts
with 4 quarterly observation snapshots and 12 months performance following
the latest snapshot.  Monthly performance indicator need to be available for
the entire 12 months performance period.  We will need all the bankrupt and
default accounts and comparable sample of good accounts with weights.
For the purpose of model validation, we will need data with above specs
covering 16 months of performance.  This means that we will need rolling (4
quarterly snapshots + 12 months performance) data for 4 monthly shifts:

Input snapshots           Performance
1999 March end, 1999 June end, 1999 September end, 1999 December end   12
month end performance for Jan 2000 through Dec 2000
1999 Feb end, 1999 May end, 1999 August end, 1999 November end    12 month
end performance for Dec 1999 through Nov 2000
1999 Jan end, 1999 Apr end, 1999 July end, 1999 October end     12 month end
performance for Nov 1999 through Oct 2000
1998 December end, 1999 Mar end, 1999 June end, 1999 September end    12
month end performance for Oct 1999 through Sep 2000

We will need bankruptcy chapterwise indicator, if available during the
performance period.  Our definition of default is either bankruptcy or 90+
days delinquency on any trade credit.
We have also discussed the cost aspect and we think considering the big
picture, it makes sense to spend  the extra amount to get the right data for
analysis.
Please let me know your thoughts.  This will require D&B to give us a
modified quote and we could possibly move forward quickly.

Regards,
Amitava


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

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

Distillate     http://www.carrfut.com/research/Energy1/hoil33.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded33.pdf

J


I have been told that Exxon/Mobil is going to file a lawsuit against ECT,
Kinder Morgan and Enron Liquids Holding. Have you recieved anything


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Post Date: May 11, 2001
Category: MAINTENANCE
Subcategory: NWP MONTHLY MAINTENANCE
Subject: 01-241 June 2001 Monthly Maintenance

Notice Text:

All Shippers Letter 01-241????? ???????
Date:?? 5/11/01
Time:?? 17:00 hrs?????? ??????? ??????? ???????

TO:???? ALL SHIPPERS

SUBJECT:??????? JUNE 2001 MAINTENANCE SCHEDULE

The following maintenance work is scheduled on Northwest Pipeline
for the month of June. Potential system impacts are identified
below. Volume impact and scheduled maintenance out of service date
estimates are stated as accurately as possible, but are subject to
change based on factors such as ambient temperatures, actual market
demand, etc.? Any variance from this notice will be indicated on a
monthly scheduled maintenance notification and posted to the EBB by
or before the 15th day of each month prior to the work commencing.
All capacities listed in this maintenance schedule are in Dekatherms.

Sumas to Mt. Vernon Compressor Stations
Repair Anomalies on 26" Mainline?

Date:?? ??????? June 1, 2001 to June 31, 2001
Design Cap:????? ?????? 1,097,000 Dth
Available Cap:? 1,097,000 Dth

As a result of the smart pigging program completed in September 1999,
anomaly repair work will take place on the 26" mainline from the Sumas
Compressor Station to the Mt. Vernon Compressor Station.? Pressure
restriction to 647 psi will be in place from June 1 through June 13.?
The remainder of this project will coincide with the work at Heartbreak
Hill, Eagles Nest, and Cruise Road. No system impact is anticipated.?

26" Heartbreak Hill Pipe Replacement

Date: ? ??????? June 14, 2001 to June 29, 2001
Design Cap:???????????????????????? 1,097,000 Dth
Available Cap:? 800,000 to 820,000 Dth

As a result of the 1999 internal inspection between Sumas and Mount
Vernon Compressor Stations approximately 3,500 feet of 26" mainline
at Milepost 1444 will be replaced. Approximately 28 miles of
26" mainline will be taken out of service for 15 days.

26" Eagles Nest Pipe Replacement

Date:?? ??????? June 14, 2001 to June 29, 2001
Design Cap:????? ?????? 1,097,000 Dth
Available Cap:? ??????? 800,000 to 820,000 Dth

As a result of the 1999 internal inspection between Sumas and Mount
Vernon Compressor Stations, approximately 500 feet of 26" mainline
at Milepost 1443 will be replaced. Approximately 28 miles of
26" mainline will be taken out of service for 15 days.

26" Cruise Road Pipe Replacement

Date:?? ??????? June 14, 2001 to June 29, 2001
Design Cap:???? ??????? 1,097,000 Dth
Available Cap:? ??????? 800,000 to 820,000 Dth

As a result of the 1999 internal inspection between Sumas and Mount
Vernon Compressor Stations approximately 537 feet of 26" mainline
at Milepost 1455 will be replaced. Approximately 28 miles of
26" mainline will be taken out of service for 15 days.

Pocatello Compressor Station / Unit #1

Date:?? June 4, 2001 to June 8, 2001

Northwest will be performing an annual inspection/overhaul on unit #1 at
the Pocatello Compressor Station. No system impact is anticipated.

Sumas compressor Station / Unit #7 & Unit #8

Date:?????????????? June 5, 2001 & June 6, 2001

Northwest will be performing an annual inspection on unit #7 and unit #8
at the Sumas Compressor Station. No system impact is anticipated.

Mount Vernon compressor Station / Unit #3

Date:?? June 7, 2001

Northwest will be performing an annual inspection on unit #3 at the Mount
Vernon Compressor Station. No system impact is anticipated.?

Plymouth Compressor Station / Unit #1 & Unit #2

Date:?? June 10, 2001 to June 15, 2001

Northwest will be installing a new oil filtration system on unit #1 and
unit #2 at the Plymouth Compressor Station. No system impact is anticipated.

Kemmerer Compressor Station / Unit #2

Date:?? June 11, 2001 to June 15, 2001

Northwest will be performing an annual inspection/overhaul on unit #2 at
the Kemmerer Compressor Station. No system impact is anticipated.

Camas to Eugene Pigging Project

Date:?? ??????? June 11, 2001 to June 30, 2001
Design Cap:???? ??????????????????????? 343,000 Dth
Available Cap:? 275,000 Dth

As a result of the smart pigging program completed in October 2000,
anomaly repair work will begin June 11, 2001.? The 16" Camas / Eugene line is
paralleled by a 20" loop line. No system impact is anticipated.

North Seattle Pigging Project

Date:?? ?????????????????????? June 11, 2001 to June 23, 2001
Design Cap:???? 200,000 Dth
Available Cap:? 140,000 Dth

Internally inspect 10.39 miles of the original 8" and 16" loop. The
job scope involves taking one line out of service at a time.? Permanent
pig launching and receiving facilities will be installed at the end
points of the North Seattle Lateral.? Anomaly repairs if required will
be made in September 2001.? No system impact is anticipated.

Soda Springs Compressor Station

Date:?? June 12, 2001 to June 13, 2001

Northwest will be performing its annual DOT emergency shutdown test and
will be installing new station isolation valves at the Soda Springs
Compressor Station. No system impact is anticipated.

South Seattle Pigging Project

Date:?? ??????? July 16, 2001 to August 3, 2001
Design Cap:???? ??????? 185,000 Dth
Available Cap:? 89,675 Dth

As a result of the smart pigging program completed in October 2000,
anomaly repair work will begin June 11, 2001.? The job scope involves
taking one line out of service at a time to make necessary repairs.? The
original 10 3/4" line is paralleled by a 10 3/4", 12 3/4", and 16" loop line.
No system impact is anticipated.

Sumas Compressor Station / A Plant

Date:?? June 18, 2001 to June 19, 2001

Northwest will be performing its annual DOT emergency shutdown test
and installation of new gas filters in the Sumas A plant. No system
impact is anticipated.

16" Camas to Eugene Smart Pigging Project
(South of Oregon City Compressor Station)

Date:?? ?????????????????????? June 26, 2001 to July 19, 2001
Design Cap:???? ??????? 275,000 Dth
Available Cap:? ??????? 275,000 Dth

Northwest will be Smart Pigging 15 miles of the 16" Camas-Eugene line south
of the Oregon City Compressor Station by installing a Permanent pig launcher
and receiver. The 16" Camas / Eugene line is paralleled by a 20" loop line.
No system impact is anticipated.

Vernal Pigging Project

Date:?? ??????? June Sometime
Design Cap:???? ??????? 330,000 Dth
Available Cap:? ??????? 330,000 Dth

As a result of the smart pigging program completed in September 2000,
anomaly repair work will begin on the 26" Ignacio to Sumas line sometime
in the month of June. No system impact is anticipated.

Contact your Marketing Services Representative at (801) 584-7301, for
more information.

WGP-W
st


Sara,
I have reviewed this briefly and have a couple of issues/comments.
I am concerned about the references to cash accounts.  I need to discuss
with the group.  ENA is not authorized to operate cash accounts.
Overdrafts and advances should not be permitted (sections 2Ciii and 4A)
I need to discuss FX with Laurel.  Again, ENA should not be operating cash
accounts.
Any verbal or fax instruction must be confirmed with callback or other
security procedures.  We have some sample call back procedures, test keys
are mentioned but are messy.  Need to discuss.  3C-authority to act should
be predicated on following the agreed procedures.  Maybe this is implied.
In 2, it is mentioned that info can be given.  I think it should be only if
required by law.
5A, generally, we don't allow fees to be debited.
5C I agree with you 5C is ugly.  I think this must be limited to the assets
in the specific accounts related to the agreement.
My number is 713 355 3814
Mary

----- Original Message -----
From: <Sara.Shackleton@enron.com>
To: <mperkins@ix.netcom.com>
Cc: <Sheila.Glover@enron.com>
Sent: Friday, June 01, 2001 4:46 PM
Subject: Enron North America Corp. ("ENA") Global Custody and Clearance
Agreement

> Mary:
>
> Attached is the latest draft from Chase.
>
> In particular, please take a look at the following paragraphs:
>
> 2.A (the definition of "Securities")
> 5.B (lien on securities)
> 5.C (setoff)
>
> The ENA contact is Gennaro Contella.  Please leave me or Sheila a voice
> mail and we can arrange a conference call on Monday with Gennaro, Nancy
> Callahan, if necessary (Chase legal) and anyone that you need to
conference
> in on behalf of Enron Corp.  The traders are anxious to have this account
> in place.
>
> Irrespective of which Enron entity takes ownership of this agreement, we
> were looking to you for information regarding existing Chase accounts (in
> ENA's name).
>
> Thanks for your help.
>
> Sara Shackleton
> Enron North America Corp.
> 1400 Smith Street, EB 3801a
> Houston, Texas  77002
> 713-853-5620 (phone)
> 713-646-3490 (fax)
> sara.shackleton@enron.com
> ----- Forwarded by Sara Shackleton/HOU/ECT on 06/01/2001 04:38 PM -----
>
>                     Nancy.K.Callahan
>                     @chase.com              To:
Sara.shackleton@enron.com
>                                             cc:
Gennaro.Contella@chase.com
>                     05/31/2001 01:45        Subject:     Enron Global
Custody and Clearance Agreement
>                     PM
>
>
>
>
>
>
> As requested, attached is the final Agreement which I believe reflects the
> revisions we discussed this morning.  If this is acceptable, please have
> the Agreement executed on behalf of Enron and return the necessary
> counterparts to me for signature by Chase.  I will then return fully
> executed copies to you.
> (See attached file: Enron.doc)
> (See attached file: Enron.doc)
>


Did Tana call you?  I have a message she left me about the contract if you need me to forward it to you.  Let me know.

 -----Original Message-----
From: 	Sturm, Fletcher J.
Sent:	Monday, January 07, 2002 1:03 PM
To:	Denton, Rhonda L.
Subject:	RE: Nymex

yea, I went to the website and they don't have the actual contract there.  I need to get a hard copy.  I'll call Tana.  Thanks.

Fletch

 -----Original Message-----
From: 	Denton, Rhonda L.
Sent:	Monday, January 07, 2002 11:00 AM
To:	Sturm, Fletcher J.
Subject:	Nymex

I've got a meeting at 1:00 but here's the website.  Not sure if it has the actual contract.  When I get back I will look some more and I have a call into Tana Jones (paralegal) to see if she has a hard copy.

http://www.nymex.com/


Gennaro:

Nancy Callahan and I are agreed with respect to the Global Custody
Agreement.  She will email the final version today and I will have it
executed immediately.  Nancy suggested that I return the executed documents
to her attention.  We will fax the executed agreement to you as well.  Laurel
(713-853-7035) needs to hear from you how quickly we will be ready for
trading.  Please give her a call if you have not spoken recently.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com

	Gennaro.Contella@chase.com
	05/31/2001 09:56 AM

		 To: sara.shackleton@enron.com, laurel.adams@enron.com
		 cc:
		 Subject: GTA SURVEY and License Agreement

Sara / Laurel,

Just following up on the GTA information we will require to install GTA in
your office. I have attached the legal agreement and the surveys for stand
alone users and LAN (multiple) users. Please don't hesitate to call me with
any questions you might have.

(See attached file: GTA_SURVEY2_Stand_Alone.doc)(See attached file:
GTA_SURVEY_Multi_User_Clre_blank.doc)(See attached file: GTA_LEG
AGREEMENT.doc)

 - GTA_SURVEY2_Stand_Alone.doc
 - GTA_SURVEY_Multi_User_Clre_blank.doc
 - GTA_LEG AGREEMENT.doc


Hi,

We have set up 2 PUB codes for Sea Freight:

Main Curve = FF-USJAP-PM
NEW PUB code = FF-R2A-L7-PM (averages over last 7 days)

Main Curve FF-3A-PNMX
New Pub code FF-3A-L7-TC (averages over last 7 days)

rgds

Kenny


No problem with the no litigation exception.  Mark

	Vicki Sharp@EES
	05/09/2001 05:07 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Re: Conflict question

please let me know asap if you have a problem with our waiving the conflict
below.

Thanks.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 05/09/2001 05:02
PM ---------------------------

Marty Keyser
05/09/2001 12:05 PM

To: Vicki Sharp/HOU/EES@EES
cc:
Subject: Re: Conflict question

Vicki:  Have you received a response from Mark?  If not, I would be pleased
to follow up directly with Mark if you wish.  I have received a second
request from Reed Smith regarding our position on the potential conflict.
Thanks, Marty

	Enron Energy Services

	From:  Vicki Sharp                           04/30/2001 12:30 PM
	Phone No: 713 853-7413

To: Mark E Haedicke/HOU/ECT@ECT
cc: Marty Keyser/EFS/EES@EES
Subject: Conflict question

 This is a Pittsburgh firm we use from time to time, primarily for EFS and
litigation matters.  It seems that we should waive these conflicts.  Please
let me know if you agree or if you need more detail.
---------------------- Forwarded by Vicki Sharp/HOU/EES on 04/30/2001 12:29
PM ---------------------------

Marty Keyser
04/30/2001 07:51 AM

To: Vicki Sharp/HOU/EES@EES
cc:
Subject: Conflict question

Vicki:  Attached is a memo from Reed Smith, our local counsel in Pittsburgh,
regarding two (2) potential conflict situations.  Please let me know how you
would like me to proceed.  Thanks, Marty
---------------------- Forwarded by Marty Keyser/EFS/EES on 04/30/2001 07:40
AM ---------------------------

"Vitsas, John L." <JVitsas@ReedSmith.com> on 04/27/2001 06:28:31 AM

To:	Marty Keyser/EFS/EES@EES
cc:

Subject:	Conflict question

Per our discussion yesterday Marty I've been asked to check on two issues
regarding Enron.  First an attorney in our Philadelphia office has been asked
to do some work for Wiser Oil Company as follows.  Wiser is acquiring the
stock of a Canadian Corporation called Invasion Energy.  Enron Canada owns
about 50% of the stock of Invasion.  Wiser has Canadian counsel who has asked
us to work with them.  Enron Canada is represented by Bennett Jones LLP.
Although we don't do any work for Enron Canada, I thought I needed to see if
anyone at Enron had any problems with Reed Smith getting involved in this
transaction as stated above.  I'm told an answer to this one ASAP would be
nice.

Second question is a little more confusing.  An attorney in our New York
office
has been asked by a broker for Enron Global Services to get involved in
negotiating a financial guarantee insurance agreement about providing
insurance coverage for Winterthur International.  We would be representing
Winterthur in the transaction.  I can get more information if needed.

Thanks for checking on these Marty.  Let me know


David,

I am an adjunct professor at Rice. Can I get access to
EMBANET?

Vincent Kaminski
Managing Director - Research
Enron Corp.
1400 Smith Street
Room EB1962
Houston, TX 77002-7361

Phone: (713) 853 3848
Fax  :  (713) 646 2503
E-mail: vkamins@enron.com
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/23/2001
05:26 PM ---------------------------

Kathy Spradling <spradlin@rice.edu> on 01/23/2001 03:03:05 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Spring 2001 Schematic

Mr. Kaminski,

You will need to speak with David Kilgore at kilgore@rice.edu or by calling
David at 713-348-5378 regarding getting set up in EMBANET and if you can
have access from the outside.

Kathy

At 02:40 PM 1/23/01 -0600, you wrote:
>you will need to speak with David Kilgore
>at kilgore@rice.edu or by calling David at 713-348-5378.

Kathy M. Spradling
MBA Program Coordinator
Jesse H. Jones Graduate School of Management
Rice University
6100 Main Street, MS 531
Houston, Texas  77005-1892
Phone:  (713) 348-3313
Fax:  (713) 348-5251
Email:  spradlin@rice.edu
http://www.rice.edu/jgs
E-mail:  spradlin@rice.edu
http://www.ruf.rice.edu/~jgs/


Dan, Joe and Charles:  Let's meet in the hallway 15 minutes before to discuss
strategy.  Joe, we can share a cab.  thanks.
---------------------- Forwarded by Cynthia Sandherr/Corp/Enron on 07/21/2000
03:26 PM ---------------------------

"Van Way, Cathy" <Cathy.VanWay@mail.house.gov> on 07/21/2000 02:58:23 PM
To: "Black, Andy" <andy.black@mail.house.gov>, "'Betsy Moler'"
<Elizabeth.Moler@ucm.com>, "'Bill Moore'" <bmoore@worsham.net>, "Bolster,
Bob" <Bob.Bolster@mail.house.gov>, "'Bob Nordhaus'" <rrn@vnf.com>, "'Bud
Albright'" <Bud_Albright@reliantenergy.com>, "'Cal Odom'" <codom@eei.org>,
"'Chris Giblin'" <chris_m_giblin@reliantenergy.com>, "'Chuck Gray'"
<cgray@naruc.org>, "'Cindy Bogorad'" <BogoradC@spiegelmcd.com>, "'Cindy
Marlette'" <Cynthia.Marlette@FERC.FED.US>, "Hagerty, Curry"
<Curry.Hagerty@mail.house.gov>, "'Cynthia Sandherr'"
<Cynthia_Sandherr@enron.com>, "'Gene Peters'" <gpeters@epsa.org>, "Stansell,
Heather" <Heather.Stansell@mail.house.gov>, "'Jane Cirrincione (APPA)'"
<jcirrincione@appanet.org>, "Bentley, Jason" <Jason.Bentley@mail.house.gov>,
"'Jeanne Wolak'" <jhwolak@southernco.com>, "Kelliher, Joe"
<Joe.Kelliher@mail.house.gov>, "'Joe Nipper'" <jnipper@appanet.org>, "'John
Ryan'" <jryan@mayor.lacity.org>, "'Kathryn Steckelberg'"
<KSteckelberg@eei.org>, "'Kerrill Scrivner'" <kscrivner@txu.com>, "'Marc
Yacker'" <myacker@elcon.org>, "'Marty Kanner'" <mkanner@kannerandassoc.com>,
"Willis, Mike" <Mike.Willis@mail.house.gov>, "Erickson, Miriam"
<Miriam.Erickson@mail.house.gov>, "'Montee Wynn'" <montee.wynn@nreca.org>,
"Betfarhad, Ramsen" <Ramsen.Betfarhad@mail.house.gov>, "'Randy Davis'"
<rdavis@sdsatty.com>, "'Renee Eastman'" <creastma@srp.gov>, "'Rich Glick'"
<richard.glick@hq.doe.gov>, "Waguespack, Stephen"
<Stephen.Waguespack@mail.house.gov>, "'Tom Bonner'" <TDBonner@midamerican.com>
cc:

Subject: Moday meeting

We have reserved 2218 Rayburn for the group to meet on Monday at 8 am to
discuss the various proposals that have been offered.  Attached is a
proposal that has been circulating among some of you to address the State
role in unbundling.  Also attached is a modification of the market power
language discussed yesterday.

 <<stateamend.wpd>>  <<marketpower.wpd>>

 -----Original Message-----
From:  Black, Andy
Sent: Thursday, July 20, 2000 6:31 PM
To: Van Way, Cathy
Subject: Meeting Monday 8a

We have decided to conduct the next meeting Monday at 8a.  Room will be
announced.  Please get any proposals in to my email by Friday 11a.  Thanks
>

 - stateamend.wpd
 - marketpower.wpd


Don,  I tried to call you this evening, but unfortunately missed you.  I am
available in the afternoon tomorrow.  Please call my assistant, Twanda Sweet,
to confirm a time.  Her extension is 3-9402.  Thanks.  Michelle

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.

	Don Miller
	06/27/2000 04:17 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: JV

Michelle,

I was given your name as a contact to discuss the HR/Labor issues for
creating a JV.  We are evaluating a JV for our Merchant Generation, and need
to talk through a number of issues with you.  I am available any time
tomorrow.  Please let me know your availability.

Thanks,

Don
3-0492


ocean view


Ben Jacoby told me that the state of Tenn. (through an Energy Policy Committee) has implemented a moratorium on the state reviewing air permits and siting on new IPPs.  Apparently TVA is exempt from the moratorium.  He heard that TVA has been telling the govenor's office that all the new IPPs coming on line in Tenn. are putting TVA's transmission resource at jeopardy.  If this is being said, it is incorrect because, per TVA's "procedures", TVA conducts an interconnection study before connection, so TVA actually approves the interconnection, plus TVA would not let the IPP purchase transmission (or would cut its transmission).

Enron's proposed plant in Tenn. already has the air permit, so Ben is not as concerned about Enron's plants.  However, this type of behavior could show that TVA may be simply keeping IPPs off its system (even though presumably they would pay it revenue -- same problems that we continue to have with VIUs).  Could this be helpful in messaging somehow to DOE, etc. that TVA should be in an RTO?


At Kenton's request, I am attaching a copy of the email he sent to the
parties setting out the general expectations for the mediation.  I am also
attaching a list of players with as much information as I have been able to
gather.  This meeting has been set for June 8, 2000 in Houston.  Citgo gave
me three dates to work with.  At this point the Bechtel group has not
committed to June 8th date, but it is the only date that all the others are
available.  The Bechtel group is meeting on Tuesday, May 23 and Jim Johanson
will notify us thereafter as to their availability on 6/8.  Jim is aware that
June 8th is the only date the others are available together.    I have not
heard from the parties regarding how many people from each group will be
attending.  Robin Jordan, in Houston, has reserved  conference room 45 C-1
for all day on 6/8.  At the request of John Odam, Robin has also reserved 4
"break out" rooms for the parties to meet in private during the day as
business progresses.  She was not able to get all four break out rooms on the
same floor, but there will be two on the 45th floor and two off the 45th
floor.  The conference room will have to also serve as a breakout room.  If
you have any questions, please call Kenton at 503-886-0261 or me at
503-886-0140.

Email sent by Kenton to all parties:

Enron Broadband Services is hosting a meeting between representatives of
Citgo Pipeline, Wilde Construction, Bechtel, and EBS, concerning Citgo's
recovery of all or part of its repair and cleanup costs relating to the May
1999 rupture of Citgo's pipeline near Luling, Texas.

In the meeting, which will be handled as a non-binding mediation, each party
will present its account of what happened,  and the parties will attempt to
apportion their relative responsibilities for the rupture.  If we all do our
job correctly, the result will be a written settlement agreement which will
put this matter to rest.  Mr. John Odam, a Houston attorney experienced in
pipeline matters and an experienced mediator as well, will serve as the
mediator during the meeting.  We request that each party share our optimism
that the mediation effort will be successful, and that we can each avoid the
higher expenses and endless amounts of time, effort, and uncertainty which
would be incurred in a lawsuit.

It is imperative that each of you attend the meeting, and that the
representatives come with authority to bind their companies to pay a portion
of the repair and cleanup costs.  (If you think your insurance may be
involved, please fully research your coverage and likely insurance recovery,
before the meeting.)  Each party is free to bring an attorney, but we ask
that the attorney be carefully chosen to have a compromising approach, rather
than a hardnosed "just say no" approach that will just waste our time and
reflect very poorly on you.

Would you please quickly tell us all the days, from May 17 through June 30,
that your representatives are available for this mediation effort in
Houston?  If you have any questions, please do not hesitate to contact me at
503-886-0261 (Portland).

Thank you,

Kenton Erwin
EBS in-house counsel

Player List


His last day is tomorrow, not Wednesday.

"Neil Mann" <nmann@erac.com> on 11/20/2000 04:36:33 PM
Please respond to <nmann@erac.com>
To: <Kay.Mann@enron.com>
cc:

Subject: RE: Did you see this one from Enron board?

I am picking up Michael. I hope she can make it too. I thought she was
coming home on Tuesday not Wednesday? His last day is Wednesday, right?
Let's eat out of the frig. Love, NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, November 20, 2000 4:01 PM
To: nmann@erac.com
Subject: RE: Did you see this one from Enron board?

Allow yourself a day to pack!  I've had to stop and start, but I just now
finished, and I've only been in the office for a couple of months.

Michael says when Paige gets home he's going to grab her leg and hold on to
her.  She thought it was so cute.  He wants her to visit at the school, but
she hasn't told me whether she can make it.  I suspect getting here by 230
or so would be very difficult.

I've hot.  This packing is hard work!

I had lunch with Carlos - and ate too much.  I need to get focused on my
diet again.  At least I'm walking a lot.

You are picking Michael up, today (only), right?

Love,

Kay

"Neil Mann" <nmann@erac.com> on 11/20/2000 04:08:48 PM

Please respond to <nmann@erac.com>

To:   <Kay.Mann@enron.com>
cc:

Subject:  RE: Did you see this one from Enron board?

Sounds good but I thought you wanted a pickup? Ask where it's located and
if
we can have it checked out if your interested. He doesn't say but I'm
guessing it's an automatic.

I did the walk through with John and Maria this morning. Our folks are
going
to be very please with the new office. NM

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, November 20, 2000 3:03 PM
To: nmann@erac.com
Subject: Did you see this one from Enron board?

86 Jeep Cherokee Laredo 4X4, four door with rear lift gate, clean tan cloth
interior, buckets, tilt wheel, good dark blue paint, body has one minor
ding, fairly new M/S tires on aluminum wheels, 2.8L V-6, engine clean,
mechanically maintained. Looks good, runs OK, solid build.

Wife's car since new, she got a new one, I got a toy, driveway overloaded
so this one has to go (I wanted to keep it and let my 16 yr old son drive
it but.... management has determined that 4 vehicles is too many).  His
loss, your gain!

$2600/bo


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[IMAGE]

[IMAGE]
May 18, 2001

Many Challenges Ahead for the CIS Market

By Will McNamara
Director, Electric Industry Analysis

[IMAGE]The 25th Annual CIS conference closed today in Albuquerque. Over the
past three days, the conference focused on the changes that deregulation will
continue to necessitate alongside the IT side of the energy industry. As
various software and customer management companies identified their unique
service offerings in the exhibit hall of the conference, an important
dialogue exchange also occurred that highlighted new trends and challenges
that utilities and retail companies will continue to face with regard to
customer care.

At the conference, I spoke with executives from a good number of the
companies that are directly involved in the CIS space, including Excelergy,
Peace Software, LODESTAR, Orcom, Enlogix, and Itron (among many others).
Through these conversations, several common denominators emerged that
highlight a list of key drivers that will continue to shape this market.

The CIS space has become intensely competitive over the last two years, and
will continue to offer additional opportunities for new business models. In
the exhibit hall, over 100 companies were featured, some of which have been
around since before deregulation and others that have just emerged within the
last year or so. The vast majority of the companies represented fell into one
of two categories: software license companies or operations that offer total
customer management support on an outsourced basis. In particular, we are
finding that companies capable of multi-service offerings across multiple
verticals (electricity, gas, water, waste management, etc.) have a market
edge over competitors that are more squarely focused on a single commodity.
In addition, opportunities for CIS implementation appear to be far greater in
Europe and Asia when compared to North America. Although activity in North
America is expected to increase, many of the companies I spoke with are
currently more aggressive across Europe and Asia.

The debate over software licensing versus outsourced customer management
support continues within this segment of the energy industry. A utility or
retail operation basically has three choices: build its own CIS (modify
existing legacy system), purchase best-of-breed capability (software
licensing) or outsource the full customer management. Much of the decision
between software licensing / outsourcing lies within the business model that
the utility or retail company has established for itself, and its own
capability of managing customer data without external support. Many customer
management support companies would offer that, as retail operations begin to
expand into various markets, the complexities among various state regulations
require outsourced customer management support.

Certainly, the cost investment is another key factor driving the CIS decision
made by a utility or retail company. Many energy companies are hesitant about
CIS and customer management implementation because they fear the system will
become obsolete in three to five years and the company will be forced to
write off its investment. Consequently, most energy companies are
aggressively searching for an off-the-shelf product that is adaptable and can
be expected to still be around in 15 years (if such a product exists). The
overall hesitancy to invest in a CIS solution is part of the explanation why
only a handful of significant contracts among utilities and software license
companies / outsource companies have been announced to date.

Within the various business models, utility operations have a different
approach to CIS. Generator companies, which typically have less than 100
customers, have a primary need to store customer information that is easily
accessed, and therefore do not typically need a large-scale CIS. However,
wires and retail operations are the key markets for advanced CIS and CRM
platforms. Wires companies, which need to administer the data for a large
number of customers, need CIS systems that focus on work management, outage
processing, and billing of either end-use customers or market participants.
Wires companies only have a need for CRM if state law allows marketing by the
incumbent wires affiliate of the utility. This trend may subside in time as
more retail operations assume the responsibility for marketing. Like wires
companies, retail operations also need to administer the data for many
customers. The requirements of retail operations focus on commodities plus
value-added products and services. Within the systems employed by retail
operations, innovative and robust pricing applications are a must. Retail
companies also use CRM systems, in which market intelligence, sales
automation, campaign management, and customer profiling are high priorities.

EDI will be replaced by XML. As the transition is made from legacy systems to
fourth-generation client service solutions, XML will replace for
communicating large complex documents and information. This process is
currently taking place and will most likely continue for the next year or so.
XML is a common language used on the Internet that makes it easier and more
cost-effective for buyers and sellers to exchange data between applications
and data sources that otherwise might have been incompatible. However, the
future remains open and it is anyone's guess what will eventually replace
XML.

California has thrown a real scare into the IT industry nationwide. Most of
the CIS executives present at the conference agreed that the uncertainty of
deregulation that emerged as a result of the California crisis has cast a
pall over the near-term future for CIS opportunities. As other states
possibly slow down or abandon their restructuring plans, many software and
outsource companies admit that this could have an impact on their business
and the CIS market as a whole. A number of factors impact whether or not a
company operating in the CIS space would be impacted by a return to
regulation. These include limitations put into place by legislative and
regulatory bodies, the business model of the company, and its technical
capabilities to operate in both a deregulated and regulated environment.
Ironically, despite the slowdown, new competitors continue to emerge, mostly
based on the belief that the need for a new CIS is building under "pent-up
demand" and will break soon. In addition, the renewed emphasis on power
supply as included in the Bush administration's energy plan has positive IT
implications, according to some of the attendees at the conference. As more
power is produced and delivered to end-use customers, the need for data
management and billing solutions also increases.

Other trends that will continue to drive the CIS market include:

The rapid growth of the Internet as the primary form of communications media.
FERC's Order 2000, which is sparking the continuing emergence of RTOs / ISOs
/ transcos. The simplified rate structures will make it easier to bill a
transmission tariff.
The business lines among utility companies will become more clearly
separated, and consolidation among the lines will most likely occur. This
separation and consolidation process will impact the opportunities available
for CIS companies (the available market will shrink).
Retail customers will be turned over to new entities outside of the incumbent
utility, which will also impact CIS opportunities.
Outsourcing efficiencies should improve, which will heighten the ongoing
debate between software licensing or outsourcing full customer management
support.

Moreover, attendees at the CIS conference generally agreed that customer
relationship management begins with effective management of the customer as
its core. Customer management includes the millions of transactions that must
be accurately recorded; bills that must be disseminated, recovered and
stored; and competitive customer data that is critical to a the operations of
a utility or retail company. As deregulation not only opens up new
opportunities for the companies operating in the CIS space, it also is
forcing these companies to become more flexible, adaptable and opening to
forming partnerships that would have seemed quite unlikely in past years.
Consequently, the CIS market continues to change at a very rapid pace, and it
is hard to predict what players will become visible at next year's 26th
Annual CIS Conference. One thing remains clear, however. As the complexities
of customer billing and management become more intense, the role of software
providers and data management outsource companies should take on a greater
prominence in this industry.

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

[IMAGE]
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SCIENTECH is pleased to provide you with your free,  daily IssueAlert. Let us
know if we can help you with  in-depth analyses or any other SCIENTECH
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SCIENTECH's IssueAlerts(SM) are compiled based on the  independent analysis
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purpose in publishing its IssueAlerts is to offer  an independent perspective
regarding the key events occurring in the  energy industry, based on its
long-standing reputation as an expert on  energy issues.

Copyright 2001. SCIENTECH, Inc. All rights  reserved.


556890 - changed to M-S (jeremy's mask was wrong)
556515 - mike swerzbin says this is definitely a peak deal - let me know what
amerex says

Kate

Evelyn Metoyer@ENRON
03/21/2001 02:28 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 3/21/00 Checkout

PREBON WEST

All are o.k.

BLOOMBERG

All are o.k.

AMEREX WEST

Mike Swerzbin
deal 556515
Amerex shows as off-peak .....we show as on-peak

Jeremey Davis/Jeff Richter
deal 556890
days should be Mon-Sat......enpower has Mon-Fri.


Systems Trading Update

11-16-01

IM  224- Emini  Daytrading -

#1 S2  1139.50, B2 1142.50                               -$300.00
#2 B2  1145.00, S2 1142.75                               -$225.00
#3 S2  1140.50, B1 1138.50, B1 1136              +$325.00
#4 B2  1138.00, S1 1139.75, S1 1138.50         +$112.50

-$87.50

****Free  Trial - One week FREE TRIAL on this system.  Please go to the following website to  sign up - The trades are sent over the internet in a Private  Chatroom.http://www.thetradingauthority.com/signal.htm
 - Update111601.doc


Jennifer:  we can agree to Southwestern's volume amount for the 10 mmbtu's.
Thanks.


Connie Strebe
3245 47th Ave. So.
Minneapolis, MN 55406
cstrebe@bitstream.net

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,

Connie Strebe


Jeff and John,

I was contacted by Petronas who requested a meeting
with Enron on risk  management. I have met with them
a few  years ago and they want to discuss with us
their progress implementing risk management practices.

I shall arrange the meeting and get RAC involved.
Would you like to meet them for a short courtesy meeting
(5 - 10  minutes)?

Unfortunately, they gave us no choice as far as the timing is concerned
(given a very tight schedule). They want to visit on Thursday, Feb.  8,
at 10 a.m. I shall take them out to lunch after the meeting.

Vince


Dear Mysti:  Thank you for calling today to request additional information re
the officers of Intratex Gas Company, which is owned by Enron.

The home addresses for the following individuals are as follows:

Brian L. Redmond
17210 Cedar Placid Lane
Houston, TX  77068

Ben F. Glisan, Jr.
4506 Honeywood
Houston, Texas  77059

Stephen H.  Douglas
2701 Revere, Apt 308
Houston, Texas  77048

Thank you, and best wishes,
Mary

Mary C. Ogden
Legal Specialist
Enron North America Corp./Legal
1400 Smith Street, EB 3876d
Houston, TX  77002-7361
Phone:  713-853-7796
Fax:  713-646-3490
Mary.Ogden@enron.com


Please see attached report on the Plan of Reorganization:


yes, I would be interested

fletch


I left Vance a voice mail message yesterday but he was out sick.  He called
me back and said there shouldn't be any flow at meter 9707 and there wasn't a
deal in place with United Oil & Minerals.

Bob
---------------------- Forwarded by Robert Cotten/HOU/ECT on 10/03/2000 01:15
PM ---------------------------

	Enron North America Corp.

	From:  Robert Cotten                           10/03/2000 11:39 AM

To: Vance L Taylor/HOU/ECT@ECT
cc: Daren J Farmer/HOU/ECT@ECT, Aimee Lannou/HOU/ECT@ECT
Subject: Re: Meter 9707

Vance,

Did you find out anything about the purchase from United Oil & Minerals at
meter 9707?

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 10/03/2000 11:34
AM ---------------------------
Aimee Lannou   10/03/2000 11:26 AM

To: Daren J Farmer/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT
Subject: Re: Meter 9707

FYI - there is flow for 10/2 as well.

AL

Daren J Farmer
10/02/2000 02:23 PM
To: Aimee Lannou/HOU/ECT@ECT
cc: Robert Cotten/HOU/ECT@ECT
Subject: Re: Meter 9707

I rolled this deal for day one in October only.

Bob - Please check with Vance on this deal.  Has it terminated or should it
roll for October.  I don't think that Vance nom'd anything.

D

Aimee Lannou   10/02/2000 10:49 AM

To: Daren J Farmer/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT
cc:
Subject: Meter 9707

Daren - Meter 9707 has flow for Oct. 1 (1.459mmbtu).  Deal # 125786 was used
for Sept. 2000.  Could you please extend the deal or have a new one
created?    Thanks.

AL


Hi,

	How are you?  London seems to be the same as when I left in August - no sun, cold, serious looking people, expensive, etc.  In addition, we have had May Day riots, a post office bombing, train strike, etc.  Not to mention all the excitement in Enron Credit.

	It would be nice to know who I am supposed to be reporting to.  I am getting loads of conflicting messages - as illustrated in the forwarded email from Vasant.  According to you and Slava, the strategy paper/Duffie report seems to be a higher priority.  However, Vasant seems to indicate (in his forwarded email) that this is not the priority at the moment.

	In addition, there seems to be lots of chaos in Enron Credit - not only in the Houston office, but even more so in the London office.  This brings to mind a Russian proverb I learned from Slava when he expressed his views on the current state of Enron Credit - " a fish rots from the head."

	Finally, I would like to know exactly what you want me to write in this Duffie report:  Do you want to hear what Enron Credit would like to hear - that all they need is for us to develop a private firm model for their exisiting "infrastructure"?  Or do you want to hear what I really see, hear, read, etc.?  If the latter is true, then I may need to write two reports, because what I am learning does not look too good and would probably not make the Enron Credit personnel too happy.

	Well, I think I have said enough for now.  Look forward to your feedback.

Thanks,
Iris

 -----Original Message-----
From: 	Shanbhogue, Vasant
Sent:	Friday, May 04, 2001 3:39 PM
To:	Mack, Iris
Cc:	Dhar, Amitava
Subject:	london work

Hi Iris,

	Amitava must have told you that both he and I are getting swamped with work here.  As a result, we expect you to take the lead in scoping the Enron credit project and making sure the infrastructure is readied.  You should also make sure to understand the econometric/data analysis software side of the project -- this is probably more important than preparing a document for Duffie right now.  You should definitely sit with Ben/George and actually run the software with them to get a feel for how it is to be used.  But we also need to be able to try out potential other ways of analyzing data.  Both Amitava and I will help as best as we can, and answer any direct questions, but we will have limited time to review documents, etc.  I expect Amitava to get heavily involved once data starts coming, but we expect you to have already set up the infrastructure etc for the data.

Hope the trip is going well.  Would you be extending the trip for some more time?

Vasant


Lucy:

Cemex has previously signed a confidentiality agreement with us based on our
form of agreement.  Their form is significantly more burdensome for us.  I
would prefer that we send our form and let them know that it is substantially
similar to one previously executed in connection with another matter.

Mark

Lucy Ortiz
12/14/99 08:20 AM
To: Mark Taylor/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT
cc:
Subject: CEMEX USA-Weather Confidentiality Agreement

Morning to all,

Cemex would like us to sign this confidentiality agreement.  Would you please
look it over and let me know if it is ok for Lynda to sign?

Many thanks,

Lucy
---------------------- Forwarded by Lucy Ortiz/HOU/ECT on 12/14/99 08:17 AM
---------------------------

	From:  George Zivic                           12/14/99 07:50 AM

To: Lucy Ortiz/HOU/ECT@ECT
cc:
Subject: CEMEX USA

Lucy,
Can you please send this to someone in leagal ASAP ?
You had told me that Sherri Stack was out?
They are looking to potentially do something for Jan/Feb.

Thanks so much.
George
------------------------------------------------------------------------------
------------------------------------------------------------------------------
------------------------------------------------------------------------------
----------------

GARY BURNS
11/30/99 12:33 AM

To:   Gzivic@ect.enron.com@cemexusa
cc:
Subject:  Public Data on Cement Consumption in S. Texas

George,
      As discussed, attached are files containing public data on cement
consumption in S. Texas.  I will work on getting a confidentiality agreement
progressed.    Thanks,  GPB

(See attached file: S_Tex_comp.xls)(See attached file: Mejor2.xls)


Start Date: 4/21/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042103.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 3 / Preferred:   0.42 / Final:   0.39)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  SC_ID: EPMI


Start Date: 1/6/02; HourAhead hour: 14;  No ancillary schedules awarded.  Variances detected.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002010614.txt

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 14 / Preferred: 401.05 / Final: 401.02)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 1/6/02
  SC_ID: ENRJ


Patrice,

As requested, please find attached Master Contract with Cargill

and also the Confirmation for Sitara #687157 which is covered by the Master

Regards,
Ellen
x54099


Don,
I got a call from another Hourly Trading floor that uses Enron online and is
looking to do some hourly deals at Cinergy.
He said he has not seen anything for over a month.  Do you think you guys
will put the TNE numbers back up, or if they are where should he be looking.

How was Vegas?

Regards,
Jeff
713-647-8802


I don't know where all those pictures are.  We received them online, so I am sure they are lost.  Donnie may have them.  Remember, he was dressed as Austin Powers.

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Friday, October 19, 2001 12:11 PM
To:	White, Stacey W.
Subject:	FW: Happy Halloween Contest and Lunch!

This reminded me of the year we got the email picture from the West group when they were dressed up for halloween. Do you know if that is still floating around anywhere?

John

 -----Original Message-----
From: 	Villeggiante, Theresa
Sent:	Friday, October 19, 2001 10:10 AM
To:	DL-Portland World Trade Center
Subject:	Happy Halloween Contest and Lunch!

 << OLE Object: Picture (Metafile) >> What are you going to be this year??? << OLE Object: Picture (Metafile) >>

Please join us in our Halloween costume contest on October 31st.

Pizza and treats will be provided for the floor.
 << OLE Object: Picture (Metafile) >> 				 << OLE Object: Picture (Metafile) >> 					 << OLE Object: Picture (Metafile) >>
We hope you will join us in Halloween fun by dressing up to win a spooky prize.
The four categories will be..... Best, Scariest, funniest, and most original!!!

Which one will you be???
 << OLE Object: Picture (Metafile) >>


---------------------- Forwarded by Laura Harder/Corp/Enron on 11/28/2000
08:47 AM ---------------------------

	Enron North America Corp.

	From:  Amanda Huble                           11/28/2000 08:46 AM

To: Becky Young/NA/Enron@Enron, Laura Harder/Corp/Enron@Enron, Jessica
Presas/Corp/Enron@ENRON, Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT,
Kimberly Brown/HOU/ECT@ECT
cc:

Subject: Gas Fundamentals Website Update

Please forward to your groups!

Thank you,
Amanda Huble
---------------------- Forwarded by Amanda Huble/NA/Enron on 11/28/2000 08:42
AM ---------------------------

David Dronet
11/28/2000 08:41 AM
To: Amanda Huble/NA/Enron@Enron
cc:

Subject: Gas Fundamentals Website Update

Morning,

 As some of you may have noticed we have added security to the Gas
Fundamentals Website.
If you encounter this screen when accessing http://gasfundy.corp.enron.com

simply login with your Windows Domain name and password.  This is the same
account you would use to logon to
your PC.  If you do not wish to be prompted with this information again,
check the "Save this password in your password list" option and
you will not encounter this pop up when accessing the website.

Thank you,

David Dronet
xt 53482


---------------------- Forwarded by Susan M Scott/HOU/ECT on 11/01/2000 01:19
PM ---------------------------

	From:  Kori Loibl                           10/31/2000 01:52 PM

To: Stephanie Sever/HOU/ECT@ECT, Alicia Perkins/HOU/EES@EES, Crystal
Hyde/HOU/ECT@ECT, Purvi Patel/HOU/ECT@ECT, Jennifer Reside/HOU/ECT@ECT,
Sherry Dawson/NA/Enron@Enron, Susan M Scott/HOU/ECT@ECT, Tobin
Carlson/HOU/ECT@ECT, Scott Pleus/Enron Communications@Enron Communications,
Michael Nguyen/HOU/ECT@ECT, Don Baughman/HOU/ECT@ECT, Beau
Ratliff/HOU/EES@EES, Brian Hoskins/Enron Communications@Enron Communications
cc:
Subject: [Fwd: FW: Success. . .]

>
> Ah life,
>
> If you stop and think about it, this is sad, but true........
>
> At Age 4...................Success is........Not peeing in your pants
>
> At Age 12.................Success is........Having friends
>
> At Age 16.................Success is........Having a Driver's License
>
> At Age 20.................Success is........Having Sex
>
> At Age 35.................Success is........Having money
>
> At Age 50.................Success is........Having money
>
> At Age 60.................Success is........Having Sex
>
> At Age 70.................Success is........Having a Driver's License
>
> At Age 75.................Success is........Having friends
>
> At Age 80.................Success is........Not peeing your pants


Apologies. It's quick and dirty.

Jeff


California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse group of wholesale electricity merchants than suggested by Gov. Gray Davis, who has aggressively blamed a handful of Texas companies, state records show.
During the first three months of this year--one of the worst stretches of power shortages during the crisis--an assortment of public and private entities charged the state prices averaging well above some of those paid to Texas firms, according to documents released to The Times on Monday by the Department of Water Resources, which now buys power for California.
Among those setting and collecting some of the highest average prices per megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas & Electric's parent company, and the Los Angeles Department of Water and Power, the report shows. Their average prices ranged from $498 a megawatt-hour charged by Powerex, the trading arm of British Columbia's BC Hydro, to $292 an hour by the DWP.
In fact, some of the biggest private power companies singled out for criticism by Davis and other state officials--Dynegy Inc., Duke Energy and Mirant--charged less than the average prices the state paid for the period. Those companies' average prices ranged from $146 to $240 per megawatt-hour, according to an analysis of the documents.
The figures cover the various types of spot and longer-term power purchased by the state during three months that included rolling blackouts and more than a month of razor-thin reserves, leading to continuous power emergencies.
Davis spokesman Steve Maviglio said the governor has directed his sharpest barbs at private out-of-state generators because, in general, they have reaped the highest profits over the longest period.
"You have to look at the whole picture," Maviglio said.
"The governor was expressing his displeasure with the arrogance of the generators who wear cowboy hats," he said. "Their profits were 100% to 400% above last year. . . . Just because there are other entities who are charging us more [per megawatt-hour] doesn't change the fact that we are getting ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."
The report by the Department of Water Resources was provided to The Times on the same day the state released 1,700 pages of documents on California's electricity purchases on the volatile spot market for the year's first quarter.
The records detail how the state spent nearly $8 billion buying power in the first five months of the year, and underscore the complexity of the state's energy problem. They also show that patterns of high prices are not limited to a few generators.
Oscar Hidalgo, a spokesman for the water resources agency, said that the reports together show that prices were extremely volatile early in the year. "All the prices were high," he said, noting the downward trend in costs since his agency began buying power in mid-January.
The average price per megawatt-hour for all state purchases went from $316 in January to $243 in May. Spot prices fell from an average of $321 per hour to $271, the reports show.
In the first quarter of the year, some public entities' prices far exceeded those of the biggest private companies. For example, Houston-based Enron, one of the nation's biggest power traders, charged an average of $181 per megawatt-hour. And Atlanta-based Mirant, which sold the most to the state, a total of $706 million, charged an average of $225 per megawatt-hour.
By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a megawatt-hour, and the Sacramento Municipal Utility District had average charges of $330 per megawatt-hour.
A spokesman for Enron, Mark Palmer, said recently that the "vilification of Enron was based on politics, not facts." Spokesmen for BC Hydro could not be reached late Monday to comment on its huge sales to the state. In the past, the utility has defended its pricing practices, saying it has offered last-minute hydroelectric power that helped keep California's lights on.
A spokeswoman for Sempra, the parent company of San Diego Gas & Electric, said late Monday the company was unable to comment because it had yet to see the figures released by the state. Officials at DWP, who could not be reached Monday evening, have defended their pricing, saying the costs of producing the power needed by the state were extremely high.
More Power Bought Than Projected
Hidalgo, of the Department of Water Resources, said his agency's efforts, coupled with conservation by business and consumers and falling natural gas prices, have begun to tame the state's market.
Still, the state had to purchase $321 million in power in April and May, about 10% more than Davis' analysts had projected.
Hidlago said that was because of hot weather in May and other supply problems in April. He said reports will show that power purchases fell short of state projections in June and early July.
The reports also will show that prices paid by the state were down in June and July, partly because spot prices have fallen sharply, often to well under $100 a megawatt-hour.
A summary Department of Water Resources report released Monday credited Davis' program of nurturing new power generation and establishing long-term power contracts with with "moving the California electric energy industry closer to normalcy."

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