This is the final list of counterparty name change and mergers for 7/00.

The changes will be made in the Global Counterparty system as follows:

Name Changes - The current Legal name and ERMS Shortname will be overlayed on
Monday, 7/24, in the afternoon.
We want to update the system before bid week begins on Tuesday. If anyone has
a problem with the ERMS shortnames being changed on Monday, please notify us
immediately.

Mergers/ Business changes - The old record will be inactivated on 8/1/00.

Marilyn Colbert    3 6517
Cheryl Johnson   3 3103


Tired of the 40 X 40 X 40 Plan? You know:

Work 40 hours per week for someone else for 40 years, then receive a 40% reduction in pay!

Is working for a "boss" too demeaning and unrewarding?

Are you sick of depending on a job with too little pay and too many hours with no personal reward and even less future?

If you're determined to retire in the next 2 - 5 years with enough income to have REAL Financial Independence and Freedom, and are not afraid to work for it, I can help you.

I am looking for people with a Good Work Ethic and extraordinary Desire to Earn at Least $10,000 per Month Working From Home!

NO SPECIAL SKILLS OR EXPERIENCE REQUIRED. We will give you all the training and personal support you will need to ensure your success!

This LEGITIMATE HOME-BASED INCOME OPPORTUNITY can put you back in Control of your Time, Your Finances, and Your Life!

If you've tried other opportunities in the past that have failed to live up to their promises, THIS IS DIFFERENT THAN ANYTHING ELSE YOU'VE SEEN!

THIS IS NOT A GET-RICH-QUICK SCHEME!

YOUR FINANCIAL PAST DOES NOT HAVE TO BE YOUR FINANCIAL FUTURE!

CALL ONLY IF YOU ARE SERIOUS!

1-800-533-9351 (Free, 24 hour, 1 minute recorded message)

DON'T GO TO SLEEP WITHOUT LISTENING TO THIS!

" The moment you commit and quit holding back, all sorts of unforseen incidents, meetings and material assistance will rise up to help you. The simple act of commitment is a powerful magnet for help." -Napoleon Hill

To be removed from future mailings, send an email to:  f5tus3@yahoo.com and type "Remove" in the subject line.


This is a tremendous 1980 example of a large Deborah Butterfield.  I think it
would be worth seriously considering....
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/05/2001
03:49 PM ---------------------------

"Michael Rosenfeld" <mr@michaelrosenfeldglry.com> on 01/05/2001 03:50:39 PM
To: "Shankman, Jeff" <jeff.shankman@enron.com>
cc:
Subject: F:\Artists and Estates\Butterfield, Deborah\Butterfield.jpg

 F:\Artists and Estates\Butterfield, Deborah\Butterfield.jpg
 - Butterfield.jpg


thanks-- just getting back now and will pass along to legal and chase up.

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Monday, October 16, 2000 4:58 PM
To: mbergonia@edfman.com
Cc: Bob.Shults@enron.com
Subject: NDA-ED&F Mann International Inc.

Mary,

At the request of Bob Shults, I am attaching our proposed form of
Non-Disclosure Agreement.  Please call me or Bob with any comments or
questions you might have.  My phone no is 713/853-3399 and Bob can be
reached at 713/853-0397.  If the agreement meets with your approval, please
fax a signed copy to me at 713/646-3490.  We look forward to hearing from
you.

(See attached file: ed&f mann.doc)


SENT ON BEHALF OF STEVE VENTURATOS

You recently received a memo from Brenda Herod laying out the Organizational
changes that would effect the Texas Region, this follow up is an effort to
breakdown our Risk organization.   With new members being added to the team
many responsibilities will be changing, however controls and other measures
already in place will ensure a smooth transition.  Following is the schedule
of responsibilities effective May 1st and June 1st, as the transition will
take a month.

   Effective May 1     Effective June 1

FT Texas  O'Neal Winfree      Ami Chokshi

Gas Daily  O'Neal Winfree     Ami CHockshi

Intra-Month  Bryan Hull     O'Neal Winfree /  Mick Walters

Transport  Mick Walters     Mick Walters

Storage  Dave Baumbach    Jody Crook

FT South Texas  Jody Crook     Jody Crook

FT EOL Texas  Jody Crook     Jody Crook

FT New Texas  O'Neal Winfree     Ami Chokshi

FT & IM Denver  Mick Walters / Bryan Hull   Mick Walters

FT HPLC  O'Neal  Winfree     O'Neal Winfree / Mick Walters

Deal Validation  Julie Meyers     Julie Meyers

OA   Phillip Love     TBD


Lindsay, the attached content packet is hereby approved by me on behalf of the legal department, subject to the following:

(1)  This document -- the "Tender Instruction Schedule" -- is to go on the garden page

(2)  The attached gtc's are approved by me on behalf of the legal department, and are ready to upload.  I note that these gtc's have the general "Collateral Arrangement" provisions (Section 13) for EOL gtc's.  If credit approves certain counterparties for whom we do not need this Section 13, let me know if you need me to do anything re that.

 -----Original Message-----
From: 	Renaud, Lindsay
Sent:	Monday, October 22, 2001 1:58 PM
To:	Bruce, Robert; Arnold, Matthew; Dicke, Scott
Cc:	Bess, Erica
Subject:	EOL Content Packet - Final
Importance:	High

Please disregard the previous email. This is the most recent version of content I've received. Please confirm that this is approved and final as soon as possible today.

Thanks,
Lindsay

 << File: EOL Content Packet_10.19.doc >>

Lindsay Renaud
EnronOnline
(713) 345-3703


Tuesday, September 5 at 10:00 a.m. Houston time, join us for an eSpeak with
Dan Leff, president and CEO of Global Energy Services.  Dan will be
discussing Enron's efforts to profitably deliver on commitments, build strong
customer relationships, and create incremental value in existing contracts.
Can't make the live event?  Pre-submit your questions on the eSpeak site.

"Competitive intelligence is like putting your ear to the ground to hear a
distant train....  If it is done effectively...thousands of ears placed on
the tracks...Enron's strategy stays on track."
Dr. Ben Gilad 8/29/00 eSpeak.  Keep your ear on the track.  Click the Edge
today!


The form is on the way.
Call me if you have questions.
Thanks
Johnny
713-646-8314

-----Original Message-----
From: 	Terri R Page [mailto:Terri.R.Page@aexp.com]
Sent:	Tuesday, October 09, 2001 10:06 AM
To:	Ross, Johnny
Subject:	Reinstatement Request/Rogers

Johnny -
Tracy asked me to call a Mr. Ben Rogers regarding having his Amex Card Reinstated and he needs the Reinstatement Request Form faxed over to him at 713-646-8272.  If you would be so kind as to send that over to him I would really be grateful!
Thanks bunches
Terri


EES team -

Please see attached note and information.  Please coordinate a response in a
timely manner.  Weiss / Dobler - you are on point. Please also review the
names and companies associated with the original e-mail.
Spoke with Rick Shapiro via voice mail last night.  Ken Lay follow up to
Governor Davis not due for several days, due to current focus of all
principals in California.  Let's discuss appropriate timing at our meeting
this afternoon.

Thank you - Dan

From: Jeff Dasovich@ENRON on 01/16/2001 11:41 PM
Sent by: Jeff Dasovich@ENRON
To: Dennis Benevides/HOU/EES@EES, Richard Shapiro/NA/Enron@Enron,
skean@enron.com, Sandra McCubbin/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON,
Karen Denne/Corp/Enron@ENRON, Tim Belden/HOU/ECT@ECT, Joe
Hartsoe/Corp/Enron@ENRON, Paul Kaufman/PDX/ECT@ECT, Dan Leff/HOU/EES@EES,
James D Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Alan
Comnes/PDX/ECT@ECT, Mary Hain/HOU/ECT@ECT, Sarah Novosel/Corp/Enron@ENRON,
Scott Stoness/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Christian Yoder/HOU/ECT@ECT
cc:
Subject: Demand-side buy down proposal

Greetings:

See attached "meeting notice."  This could be a good opportunity to get our
demand-side proposal on the table.

Dennis:  If we could get some power point slides together, we could present
our ideas to this group and the leg aides mentioned.  Let me know your
thoughts.

Also attached is a summary of the bill that the CA Assembly passed today.
Please pass this along to others who might be interested. Thanks.

Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 01/16/2001 11:32 PM -----

	Julia Wright <jwright@smithandkempton.com>
	01/16/2001 08:21 PM

		 To: "'Aaron Thomas'" <athomas@newenergy.com>, "'Allan Lippincott'"
<alippin@mail.arco.com>, "'Ann Cohn (e-mail)'" <cohnap@sce.com>, "'Ann Watson
(e-mail)'" <anw@cpuc.ca.com>, "'Anna Ferrera (e-mail)'"
<Anna.Ferrera@SEN.CA.GOV>, "'Art Carter (e-mail)'" <debinorton@aol.com>,
"'assistant to John Fielder'" <moravekj@sce.com>, "'Barbara Barkovich
(e-mail)'" <brbarkovich@earthlink.net>, "'Bekcy Kilbourne (e-mail)'"
<bakilbourne@calpx.com>, "'Bill Booth (e-mail)'" <wbooth@booth-law.com>,
"'Bill Dombrowski (e-mail)'" <cra@calretailers.com>, "'Bill Keese (e-mail)'"
<wkeese@energy.state.ca.us>, "'Bill Zobel (e-mail)'" <bzobel@mail.arco.com>,
"'Bob Foster (e-mail)'" <fosterrg@sce.com>, "'Bob Houston (e-mail)'"
<houstgrp@pacbell.net>, "'Carolyn McIntyre (e-mail)'" <cmcintyre@sempra.com>,
"'Carolyn Veal-Hunter (e-mail)'" <carolyn.veal-hunter@asm.ca.gov>,
"'Catherine Hackney (e-mail)'" <hacknece@sce.com>, "'Charles Bacchi
(e-mail)'" <charles.bacchi@asm.ca.gov>, "'Craig Brown (e-mail)'"
<brownc@epenergy.com>, "'Dan Carroll (e-mail)'" <dcarroll@dbsr.com>, "'Denice
Cazalet (e-mail)'" <dcazalet@apx.com>, "'Dennis Price (e-mail)'"
<priced@chevron.com>, "'Denny Samuel (e-mail)'" <dsam@chevron.com>, "'Dominic
DiMare (e-mail)'" <dominic.DiMare@calchamber.com>, "'Dorothy Rothrock
(email)'" <drothrock@cmta.net>, "'Ed Yates (e-mail)'" <ed@clfp.com>, "'Eloy
Garcia (e-mail)'" <egarcia@ka-pow.com>, "'Evelyn Elsesser (e-mail)'"
<eke@aelaw.com>, "'Gary Heath (e-mail)'" <gheath@eob.ca.gov>, "'Gordon
McDonald (e-mail)'" <gordon.mcdonald@pacificorp.com>, "'Jack Flanigan
(e-mail)'" <jackflanigan@flaniganlaw.com>, "'Jack Gualco (e-mail)'"
<Jackson_Gualco@gualcogroup.com>, "'Jack Stewart (email)'"
<jstewart@cmta.com>, "'James Boyd (e-mail)'" <jim@resources.ca.gov>, "'Jan
Smutny-Jones (e-mail)'" <smutny@iepa.com>, "'Jeff Dasovich (e-mail)'"
<jdasovic@enron.com>, "'Jerry Jordan (e-mail)'" <jordan@cmua.org>, "'Jim
Cassie (e-mail)'" <jcassie@sempra.com>, "'Jim Groniger (e-mail)'"
<gronign@texaco.com>, "'Joe Lyons (e-mail)'" <joseph.lyons@asm.ca.gov>, "'Joe
Ronan (e-mail)'" <joer@calpine.com>, "'John Bridges (e-mail)'"
<bridgesj@epenergy.com>, "'John Fielder (e-mail)'" <fielderjr@sce.com>,
"'John Fistolera (e-mail)'" <johnf@ncpa.com>, "'John Larrea (e-mail)'"
<jgl@cpuc.ca.gov>, "'John Rozsa (e-mail)'" <John.Rozsa@sen.ca.gov>, "'John
White (e-mail)'" <vjw@cleanpower.org>, "'Joseph Alamo'" <jalamo@enron.com>,
"'Julia Wright'" <jwright@smithandkempton.com>, "'Karen Edson (e-mail)'"
<kedson@ns.net>, "'Karen Jarrell (e-mail)'" <kjarrell@smurfit.com>, "'Karen
Koyano (e-mail)'" <kykoyano@calpx.com>, "'Karen Lindh (e-mail)'"
<karen@klindh.com>, "'Karen Mills (e-mail)'" <kmills@cfbf.com>, "'Kari
harteloo (e-mail)'" <klc@aelaw.com>, "'Kathy Brandenburg (e-mail)'"
<katherinebrandenburg@flaniganlaw.com>, "'Kay Grosulak (e-mail)'"
<kgrosulak@sppc.com>, "'Keith McCrea (e-mail)'" <kmccrea@sablaw.com>, "'Kevin
Lynch (e-mail)'" <Kevin.Lynch@pacificorp.com>, "'Kevin Smith (e-mail)'"
<kevins@ncpa.com>, "'Lawrence Lingbloom (e-mail)'"
<lawrence.lingbloom@sen.ca.gov>, "'Lenny Goldberg (e-mail)'"
<iga@mother.com>, "'Louis Szablya (e-mail)'" <szablyal@epenergy.com>, "'Marc
Joseph (e-mail)'" <mdjoseph@adamsbroadwell.com>, "'Mark Monagan (Calpine)'"
<mrmonagan@aol.com>, "'Marwan Masri (e-mail)'" <mmasri@energy.state.ca.us>,
"'Mary McDonald (e-mail)'" <memcdonald@calpx.com>, "'Michael Alcantar
(e-mail)'" <mpa@aelaw.com>, "'Mike Florio (e-mail)'" <mflorio@turn.org>,
"'Mike Kahl (e-mail)'" <mikahl@ka-pow.com>, "'Mona Petrochko (e-mail)'"
<mpetroch@enron.com>, "'Pete Conaty (e-mail)'" <pcaceo@pacbell.net>, "'Phil
Nails (e-mail)'" <pstohr@dbsr.com>, "'Ralph Cavanagh (e-mail)'"
<rcavanagh@nrdc.org>, "'Randy Chinn (e-mail)'" <randy.chinn@sen.ca.gov>,
"'Ray Thompson (e-mail)'" <ray.thompson@sen.ca.gov>, "'Rick Counihan'"
<rick.counihan@greenmountain.com>, "'Robert Berry (e-mail)'" <berry@apx.com>,
"'Robin Larson (e-mail)'" <rlarson@caiso.com>, "'Sheryl Carter (e-mail)'"
<scarter@nrdc.org>, "'Steve Pike (e-mail)'" <pikes@epenergy.com>, "'Stu
Wilson (e-mail)'" <swilson@cmua.org>, "'Sue Mara (e-mail)'"
<smara@enron.com>, "'Susan Reeder (e-mail)'" <sreeder@sppc.com>, "'Terry
Winter (e-mail)'" <twinter@caiso.com>, "'Thomas Dinkel (e-mail)'"
<tdinkel@retx.com>, "'Tim Schmelzer (e-mail)'" <tschmelz@energy.state.ca.us>,
"'Tommy Ross (e-mail)'" <rosst@sce.com>, "'Tony Braun (e-mail)'"
<braun@cmua.org>, "'Victoria Schaefer (e-mail)'" <schaefvl@sce.com>
		 cc: "'dhunter@smithandkempton.com'" <dhunter@smithandkempton.com>,
"'pbray@newpower.com'" <pbray@newpower.com>
		 Subject: IMPORTANT MEETING NOTICE

Folks-- Urgent info attached for our meeting on Thursday

Thanks, Delaney Hunter

 - Meeting notice.doc
 - AB1 X1 analysis.doc


There is a position available in Deal Control, reporting to Jeff Richter on
the Short-Term California desk.  If you are interested in applying, please
contact Amy FitzPatrick by close of business Friday, May 4, 2001.

Following is a summary of the responsibilities associated with this position.

Facilitate the entry of West Power deals, including short-term and long-term
desks and the services desk, into the trading systems.
Follow-up with Deal Clearing and Settlements groups in Houston to verify
accuracy of trades in the system.  This includes timely follow-up  with the
traders for clarification.
Ensure that all trades are entered by a daily deadline.
Calculate and report weighted averages of daily price and volume to Dow Jones.
Prepare and distribute daily reports to ensure all books are balanced and
report discrepancies to management.
Track and report daily and monthly error discrepancies to management and
deliver reports for possible solutions to rectify errors.
Calculate weighted averages between brokered trades and trades executed
through Enron OnLine and the Intercontinental Exchange.
Report any technical mishaps to appropriate personnel in Houston and track
computer problems until demonstrated resolutions.
Test any updated versions of applications requested by programmers and report
back any adjustments needed.

Additional attributes one must possess to succeed in this position are
persistence and a positive attitude.  Working knowledge of Microsoft Excel is
essential, as is a general software aptitude.

If you have any questions regarding this role, please see either Jeff or Amy.


Please refer to the attached agenda for the offsite meeting scheduled Thursday, September 6 - Friday, September 7.  Since all discussions will be informal, PowerPoint presentations are not necessary.    Please let me know if you need a room for Wednesday evening.

The Woodlands Resort & Conference Center
2301 N. Millbend Drive
The Woodlands, TX  77380
Phone:  281-367-1100
Fax:  281-364-6299

Thanks,
Joannie
3-1879


This is to remind you that various anonymous reporting facilities are
available for you to report violations of Company policy and suspected
criminal conduct by any officer, employee, or agent of Enron relating to the
performance of his or her duties.  These reporting facilities are also
available for your questions, messages, comments, and suggestions.

 Any policy violation or criminal conduct may be reported by letter, e-mail,
or voice mail, as set forth below, describing the suspected violation or
criminal conduct with as much detail as possible to allow Enron to conduct an
investigation of the reported matter.

1. Letters should be sent to the Confidential Post Office Box:

Enron Compliance Officer
Confidential - Conduct of Business Affairs
P. O. Box 1188
Houston, Texas  77251-1188

2. E-mails should be sent to the Office of the Chairman,s e-mail box:
Employees with Enron e-mail can access this box by sending an e-mail to the
Office of the Chairman.  Simply type &Office of the Chairman8 in the address
box, type your message, and send.  Your message will be completely
anonymous.  If, however, you copy your message and e-mail it to someone else,
the copy will not be anonymous.

3. Voice mail messages should be left with the Office of the Chairman voice
mail box.  You can access the Office of the Chairman voice mail box at (713)
853-7294.  If you call from your extension or an outside line, your message
will be completely anonymous.  If, however, you access the voice mail box
while you are in the Enron voice mail system, your message will not be
anonymous.

 You may, but are not required to, identify yourself.  If you would like to
identify yourself, please submit your name and phone number with your letter
or message.  All anonymously reported matters will be investigated and acted
upon in the same manner as those that contain signatures.

 We take great pride in ensuring that Enron is a great place to work.  We
encourage each employee to continue to conduct Enron's business affairs in
accordance with all applicable laws and in a moral and honest manner.


Here are the prices for the first


Beginning  10/1/2001, TMS stopped excluding city gates locations from the allocation, thereby they would be subject to allocation, where they were not before,  this was requested by John Buchanan.  Unfortunately or fortunately, NNG customers do not nominate a large portion of their gas to theses city gate locations, rather they nominate to the zone locations, so there is a 99.9% probability, that these city gates would never have to be allocated any way.

Currently in TMS we exclude the zone nomination locations (OPS type) from the allocation process.  Therefore my question is, since we wanted to include the city gates in the allocation process do we also want to include the zone delivery locations in the allocation process?  Bewlow is a list of OPS type points.

(234 3026 3041 3042 3044 3047 3049 3050 3051 3054 3055 3056 3057 3058 3059 3061 3062 3063 3064 3065 3066 3067 3068 3069 3071 3072 3075 3076 3077 3079 3080 3082 3083 3084 3085 3086 3087 3088 3089 3091 3093 3094 3095 3096 3097 3098 3099 3100 3101 3102 3103 3104 3108 3109 3110 3111 3112 3113 3114 3115 3116 3117 3119 3120 3122 3123 3124 3126 3184 3363 3438 4816 55935 57178 59043 59271 60226 60228 60230 61427 61704 62818 62819 62820 62821 62862 62906 62956 62957 71488)

These points are not eligible for allocations, with the exception of 234 (Nigas).


Update:  ENA was buying daily swing gas from Sequent on Florida to supply the City of Tallahassee deal.  Sequent says this deal is an administrative burden and has elected not to supply any more gas to ENA after 2/1/2002.  Scott Goodell called Aaron Bohall with PanCanadian to see if they would become our new swing supplier.  Aaron told me that they would sell us gas under the following conditions,
	the deal has to be on PanCanadian's paper
	we need to let PanCanadian know by 8:00 AM every morning
	and ENA must take the same daily volumes over weekends and holidays.

This is a problem because Tallahassee does not have to take the same daily volumes over weekends and holidays and Tallahassee does not need to notify ENA until 9:00 AM.  Aaron will see if they can work with a 9:00 AM deadline.


I bet Martin is going to have a different Company Code and Legal Cost Code
than London.  His info in the computer also isn't complete.  Can you track
that down for me.  Thanks!


-----Original Message-----
From: 	"Btu" <subs@Btu.net>@ENRON
Sent:	Friday, December 07, 2001 5:15 PM
To:	"Btu's Weekly Power Report" <>@ENRON
Subject:	Btu's Weekly Power Report

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

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

 - wp121001.pdf


Mike

The number of trades doesn't seem to match between your presentation and the
spreadsheet data.  The spreadsheet shows 17 power trades this year and your
presentation shows almost that many every month.  Same comment for the gas
side.


I fixed it.

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           10/05/2000 03:28 PM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Duke Cashout Entries 5/00 and 6/00

I am having trouble pulling in the demand charge for 6/00 on deal 157278 for
$1,129.09.  The only thing that is different from May is that the demand
volume is 0.  I think it needs to be a 1 for the charge to come through.
Please take a look.

Thanks,
Megan


Your tco april-oct storage contract is 67401, sitara deal 689799


I know we have moved this meeting already, but since I have very little info ( only what I read on Yahoo!)
I think we should wait till next week to meet.  So I am going to cancel.

I have given Leslie, Jeff , Stacey and Rita,  Enron BUCKS cards.  Make them buy you a drink.

Let me know if you hear anything.

Thanks for you patients and continued understanding.

bob


K-Stater ,, as the CJS ,,,, What is the world coming to????

MC

 -----Original Message-----
From: 	"JOYCE NESMITH" <J.NESMITH@prodigy.net>@ENRON [mailto:IMCEANOTES-+22JOYCE+20NESMITH+22+20+3CJ+2ENESMITH+40prodigy+2Enet+3E+40ENRON@ENRON.com]
Sent:	Monday, August 27, 2001 10:04 AM
To:	JOYCE NESMITH
Subject:	General Richard Myers and Other Important Information

HE MAKES US  PROUD!

You should be proud to know that General Richard  Meyers '65 has been nominated by President Bush to the post of Chairman of the  Joint Chiefs of Staff.  Mitzi Frieling, Alumni Office, has forwarded this  website address to read more about the General.  http://www.dtic.mil/jcs/core/vcjcs.html

DON'T FORGET THE HAPPY HOUR!

The last Happy Hour of the KSU Alumni Club for the 2001 season  will be this Thursday, August 30, from 6 to 8 pm.  The Happy group gathers  at the Champps American in Uptown Park near the Galleria.  Hope you can be  there to say goodbye to summer and hello to football season!

HELLO  FOOTBALL!!

All of us folks in Houston may not realize it, but fall is  almost here!  And what does that mean?  Football!! Football!! and More  Football!!   KSU is ranked high again this year so let's get out to  our Watch Parties to cheer the team on!  First Watch Party is on Saturday, September 8, at 5:30 pm  when KSU defeats the mighty USC team.  Where are the Watch Parties?  At the new  SRO in Northwest Mall at 290 and 610 West intersection.  It's a great new  location with wonderful tv's and sound.  If you can't go to California for  the game, this is the next best thing!  We have a great time!  New  shirts for sale!  Other surprises!  GO CATS!

FALL  BARBECUE

October 14 is the date to remember.  That is our club's  4th annual bbq and scholarship dinner.  Your invitation should be placed in  your mailbox by around September 13.  Mark it down now.  It's a fun  event and also helps us raise money for our club's scholarship given  annually.

Check our website for more information on all the above events  sponsored by the Houston Alumni Club and the Kansas State University Alumni  Association.

What is our website address?   houalum.zk-state.com

EVERY MAN A  WILDCAT!

Joyce and Ken Nesmith
Co-chairmen of Houston Alumni Club
281 444-5361j.nesmith@prodigy.net


USA: US FERC probe finds no Calif. market abuse by utilities.
Reuters English News Service, 11/01/00

US FERC To Order Sweeping Changes For Calif Pwr Market
Dow Jones Energy Service, 11/01/00

U.S. to Decide Action on State Energy Crisis Utilities: Regulators today will
release plans for tackling electricity costs. Potential solutions include
price caps, moves to foster competition.
Los Angeles Times, 11/01/00

USA: US FERC probe finds no Calif. market abuse by utilities.

11/01/2000
Reuters English News Service
(C) Reuters Limited 2000.

WASHINGTON, Nov 1 (Reuters) - The Federal Energy Regulatory Commission on
Wednesday said in a report that California utilities were not necessarily to
blame for last summer's price rises, which led to an unravelling of the
state's move to deregulate retail power markets.
A FERC staff investigation, which was to be released in full later on
Wednesday, found California's market structure and rules "flawed," which
combined with tight supplies caused the price of electricity to rise to
record highs in both wholesale and retail markets.
FERC has proposed rule changes to fix the operations of the California
Independent System Operator (ISO) and Power Exchange (PX). The draft changes
would eliminate the need for Pacific Gas and Electric, San Diego Gas and
Electric and SoCal Edison from having to sell into or buy from the power
exchange.
Other highlights from the proposal include establihshing an independent,
non-stakeholder to oversee the ISO and PX; modifying the auction market; new
reporting requirements; and accelerating new siting of power generation
facilities and eliminating some environmental impediments to new plants.
If approved by the full commission at its Wednesday meeting, the changes
would become effective in 60 days. California regulators and industry
officials have until Nov. 22 to comment on FERC's proposed changes.

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

US FERC To Order Sweeping Changes For Calif Pwr Market

11/01/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- The U.S. Federal Energy Regulatory Commission
Wednesday proposed sweeping structural changes for California's
problem-plague power market.
The commission proposed the changes in response to a staff investigation
report, unveiled Wednesday, which found no "smoking gun" evidence that power
sellers in the state had manipulated market prices to financial benefit.
Instead, FERC blamed the state's mandated market structure for the
electricity supply shortages and spiking wholesale power prices passed on to
retail customers in San Diego.
At the same time, utilities elsewhere in the state hemorrhaged hundreds of
millions of dollars due to a state-mandated rate freeze that required them to
sell power at below cost.

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

Business; Financial Desk
U.S. to Decide Action on State Energy Crisis Utilities: Regulators today will
release plans for tackling electricity costs. Potential solutions include
price caps, moves to foster competition.
CHRIS KRAUL
TIMES STAFF WRITER

11/01/2000
Los Angeles Times
Home Edition
C-1
Copyright 2000 / The Times Mirror Company

The fate of California's rocky experiment in electricity deregulation hangs
in the balance today as federal regulators meet to decide whether to
intercede in the state's dysfunctional $23-billion energy market or to let
free-market forces continue to wreak havoc.
The four-member Federal Energy Regulatory Commission will release a
long-awaited staff report analyzing the root causes of California's energy
crisis and, more important, issue a draft order or action plan on how to
solve the problems of runaway wholesale electricity costs.
During public hearings in San Diego in September, FERC Chairman James J.
Hoecker promised that the commission would take action and "do whatever it
takes" to repair California's electricity market, whose deregulation was set
in motion by landmark state legislation in September 1996.
Just what the report and order will say remained a matter of intense
speculation on the eve of their release. The FERC commissioners could impose
new price caps or order an overhaul of the California Power Exchange and the
Independent System Operator, the state agencies that conduct daily auctions
for electricity. The commissioners may ask the state to undertake new
initiatives to foster more competition in a retail power market still
dominated by the three big investor-owned utilities.
But an indictment of power generation companies--which some in the state
accuse of "gaming," or manipulating the system to wield unfair "market power"
and wringing excessive profits from customers--is unlikely, according to
published reports and state industry principals and government officials.
The FERC commissioners are said to blame market deficiencies and defects in
California for a supply-demand imbalance that sent wholesale electricity
prices skyrocketing in July to an average of 12.9 cents a kilowatt-hour, more
than triple the July 1999 average of 3.9 cents. A typical residential
customer of San Diego Gas & Electric, the first state utility to fully
deregulate, saw his or her bills triple before state legislators stepped in
to cap retail rates in August.
Just as worrisome to many observers is that wholesale electricity rates
remain sky-high today, even after the end of peak summer power demand.
Wholesale rates in October averaged about 10 cents a kilowatt-hour, double
the average cost a year ago, said Patrick Dorinson, a spokesman for the
Independent System Operator.
In any case, billions of dollars of investments as well as the political
careers of prominent California politicians could be affected by what FERC
does. U.S. Energy Secretary Bill Richardson is coming out from Washington to
hold a news conference with Gov. Gray Davis in Sacramento this morning to
announce new, unspecified initiatives to address California's electricity
problems.
The Davis administration has gone on record demanding that FERC, which
oversees the transmission and wholesale selling of electricity around the
country, to step in and discharge its legal duty to restore "just and fair"
electricity rates in California. The ballooning of electricity rates in San
Diego during the summer created a political firestorm that raged unabated
until the state Legislature imposed its caps.
Rates paid by retail customers in the Southern California Edison and Pacific
Gas & Electric coverage areas are frozen as well for the time being. But $5
billion in "undercollections"--the difference between what the investor-owned
utilities have paid for wholesale electricity this year and what they can
charge consumers--looms overhead, worrying Wall Street.
"I have no idea what the FERC will say," said state Public Utilities
Commission President Loretta Lynch, a Davis appointee who says she is as much
in suspense as anyone. "But we are expecting a substantial order that would
move the ball forward on repairing the wholesale market in California."
Consumer advocates and the state's major utilities would like to see FERC
impose some sort of wholesale price controls--even gut the Power Exchange and
the Independent System Operator because they are clearly not working as
intended.
"We expect some radical surgery," said Doug Kline, spokesman for Sempra
Energy, the parent of San Diego Gas & Electric.
Some consumer groups would like to see FERC declare the wholesale rates
collected by generators "unjust and unreasonable," legal code words that
would open the gates to actions by the PUC or the Legislature to force the
power companies to disgorge or refund excessive profit. Such an action, which
would lead to litigation by the power companies, is considered unlikely.
Business interests, including the power generators that have reaped enormous
profit from the dysfunctional market, are arguing to let free-market forces
prevail because restrictive price caps would abort the market's evolution and
possibly stifle construction of new power plants, which offer the best
long-term solution to the state's predicament.
"We expect that the FERC will find that the high prices of this past summer
are a result of supply-and-demand imbalance and market design defects on the
retail and wholesale side, but that the market participants have been playing
within the rules and that there has been no manipulation or gaming," said
Brent Bailey, general counsel of Duke Energy North America of Houston, a
major generation player in the California market.
Duke and others also strenuously oppose a solution proposed by the state's
municipal utilities, notably the Los Angeles Department of Water and Power:
that the industry in essence be re-regulated by imposing a system of
cost-based rate controls, similar to how electricity rates were set before
deregulation.
Such a move would lead to lawsuits filed by Duke and other power merchants
alleging "confiscatory" actions by the state nullifying the value of hundreds
of millions of dollars they have invested in California power plants. Bailey
favors temporary price caps until the market regains its balance, as well as
new tweaking of the power market to stir up competition.
Los Angeles DWP General Manager S. David Freeman, who has led calls for
temporary imposition of cost-based rates, said California's failed
deregulation experiment raises the possibility that electricity is
intrinsically an "un-deregulatable" service.
"Three years ago, I thought it would work. Then we had a train wreck," he
said. "I'm not committing heresy when I say that I think it may not work out."

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


Off to a weak start.  Only last Wednesday had a lower trade count by 8:30 am.

TRADE DATE	NA GAS	NA POWER	TOTAL TRADE CNT
11/26/2001	781	372	1680
11/25/2001	4	1	5
11/24/2001	13	2	15
11/23/2001	1	17	257
11/22/2001	11	8	236
11/21/2001	949	333	1576
11/20/2001	992	290	1720
11/19/2001	825	508	1968
11/18/2001	6	4	10
11/17/2001	10	6	16
11/16/2001	880	583	2203
11/15/2001	1006	523	2199
11/14/2001	731	444	2364
11/13/2001	868	527	1951
11/12/2001	878	380	1913
11/11/2001	7	2	9
11/10/2001	5	8	13
11/9/2001	615	444	1679
11/8/2001	975	489	1931
11/7/2001	877	727	2288
11/6/2001	1064	849	2463
11/5/2001	930	839	2308
11/4/2001	4	3	7
11/3/2001	2	16	18
11/2/2001	1211	576	2253
11/1/2001	984	769	2429


I'm in and hopefully I can even find a date.

Chris

 -----Original Message-----
From: 	McCulloch, Angela
Sent:	Thursday, October 04, 2001 9:34 AM
To:	Afseth, Stacy; Andel, Diana; Bardal, Chelsea; Berry, Greg K.; Bingham, Carey; Boulanger, Patricia; Bowen, Todd; Brodeur, Stephane; Bruce, Chad; Cappelletto, Nella; Clark, Chad; Cooke, Ian; Crawford, Sharon; Dalgleish, Randel; Dawes, Cheryl; Dey, Bali; Di Stefano, Cyntia; Dickson, Jamie; Disturnal, John; Donlevy, Jon; Donlevy-Lee, Kelly; Dorland, Chris; Doucet, Dawn; Downer, Robert; Draper, Lon; Drozdiak, Dean; Fichten, Murray; Greenizan, Bill; Grier, Scott; Heal, Kevin; Hedstrom, Peggy; Hemstock, Robert; Herauf, Tannis; Hibbert, Greg; Hoogendoorn, Frank; Hrap, Gerry; Jessop, Jaimie; Keohane, Peter; Lambie, Chris; Langfeldt, Andrea; Lawrick, Clifford; Luc, Albert; Mclurg, Craig; Merchant, Brad; Moscoso, Mirna; Otto, Randy; Pernul, Sarah; Poffenroth, Lori; Poon Tip, Colin; Powley, Barry; Renneberg, Mark; Richey, Cooper; Ripley, Dianne; Rodger, Paul; Savidant, Michael; Scott, Laura; Ta, Kha; Tackney, Conal; Taylor, Michael J.; Torres, Carlos; Watt, Ryan; Webner, Laura E.; Zufferli, John
Subject:	Haven't heard from you yet......

Reminder, tomorrow is the deadline to RSVP to the Company Christmas Party.

 << File: Invitation.doc >>  << File: Invitation Form.doc >>

Angela McCulloch


-----Original Message-----
From: FitRx.com Specials [mailto:specials@fitrx.com]
Sent: Tuesday, October 02, 2001 3:31 AM
To: Parks, Joe
Subject: FitRx.com Fabulous Fall Specials

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One of Travel Agency in the Park's major phone lines has been damaged due to
downtown construction.  The line is currently being repaired with an
estimated down time of approximately 4-6 more hours.  Calls are currently
being routed to 713-853-4801 and 713-345-5164.  We will send additional
notification if this problem persists.  We apologize for any inconvenience.


Carlos & Matt -

Thanks for the input.  These are good points, and they have me cautiously
optimistic.

Let's have an S.I.T.  legal kick-off discussion early next week (Tuesday).  I
would also like to include Marchris in the discussion.  I'll have my
assistant set up the meeting and include a call-in number for Marchris.

Mitch

From: Carlos Sole on 05/18/2001 01:05 PM
To: Mathew Gimble/HOU/ECT@ECT
cc: Bruce Golden/Enron@EnronXGate, Mitch Robinson/Corp/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, kay.mann@enron.com, David Fairley/Enron@EnronXGate

Subject: Re: Seminole Indian Tribe Project

Mathew,

Per our conversation yesterday, I would reiterate the importance of a team
meeting on our potential project with the Seminoles given that there will be
a lot of complex legal structuring required for the project in addition to
all of the commercial structuring that you are still evaluating.

As a general rule, you should know that under federal law, Indian tribes are
legally treated as sovereign nations and so they are immune from regulation
by a state government and immune from federal and state court jurisdiction
unless they consent to it.  They are entitled to establish their own
governing laws and regulations and are subject to very unique federal law
requirements.  To illustrate, with respect to our potential project with them
it means we will need to address such issues as: (1) getting BIA approval for
our site acquisition on Indian land, non-Indians can only lease tribal land
and for our type of transaction, our lease will require approval from the
BIA; (2) tribal taxes may impact the facility; (3) tribal permits, licenses
etc will apply, including tribal environmental laws -- the tribe may have its
own tribal EPA for instance; (4) preserving the right to challenge any tribal
taxes or regulations in courts, other than the tribal courts; (5)
specifically getting waivers of sovereign immunity from the Tribe so that we
can subject them to federal court jurisdiction; (6) specifically ensuring
that the Tribe has complied with its own constitution and tribal rules in
executing agreements so that such agreements are enforceable; and (7)
specifically getting a waiver from the Tribe acknowledging and agreeing that
Enron is not subject to the jurisdiction of the tribal courts.  Evaluating
all of the above as well as the numerous other issues that will likely arise
will require consultation with and the cooperation of the Tribe.

As you know, I am still in the process of identifying outside counsel who is
an expert in Indian law matters.  As an update on that, our other Florida law
firm currently represents the Seminoles on other matters so they are
conflicted out of representing us.  Presently, I am waiting to hear back from
an Indian lawyer who was involved in the recent hotel/gaming development
transaction between the Seminoles and the Hard Rock Cafe group.  Although he
is based in Wisconsin, he is with a very large firm which has offices in
Florida and Washington, DC, and which currently represents Enron on other
matters.  After speaking with him, I will further debrief you and if we elect
to engage him, I will then seek my internal approvals for doing so.

In the interim, I have been receiving advice from a retired Vinson & Elkins
lawyer who has worked with Enron on its other dealings when Indian tribes
were involved (ie, right of way agreements involving our pipeline
companies).  He has prepared a brief memo on his views on our letter of
intent and general issues that arise when dealing with tribes.  I would be
happy to share that document with you (note that I have tried to summarize
most of it above.)  As a result of that memo, I do have some changes to
incorporate into our letter of intent and I am still waiting to hear from you
on how to modify the letter of intent based on your prior email.  (I also
have a more comprehensive legal paper entitled "Energy Business in Indian
Country: Opportunities and Obstacles" if you are having trouble sleeping at
night.)

Lastly, as for Bill Bryant's current activity below, based on what you've
told me and the email traffic, he seems as if he is looking at the right
regulatory issues, but with an area of law as so complex as this is, I would
caution that you and Marchris should narrowly define and monitor his
activities as it could otherwise quickly result in a very expensive research
project.

Thanks and please let me know when we discuss this project further.  At a
minimum, I would suggest that we try to focus on finalizing the letter of
intent with the Seminoles so that we can begin the process of exchanging
confidential information and entering into more substantive discussions with
them.

	Mathew Gimble@ECT
	05/18/2001 10:35 AM

		 To: Carlos Sole/NA/Enron@Enron
		 cc:
		 Subject: Re: Seminole Indian Tribe

Comments from Bill Bryant

---------------------- Forwarded by Mathew Gimble/HOU/ECT on 05/18/2001 10:35
AM ---------------------------

"Bill L. Bryant" <BILL@katzlaw.com> on 05/18/2001 08:30:27 AM
To: <Mathew.Gimble@enron.com>
cc: <Bruce.Golden@enron.com>, <David.Fairley@enron.com>,
<Mitch.Robinson@enron.com>
Subject: Re: Seminole Indian Tribe

Mathew,

The law looks strong for our position although there is some contrary
authority. I believe that the contrary Attorney General's opinion (not
involving electric generation) can be distinguished. We are checking with the
BIA in Washington and the Governor's office to see if there are any recent
congressional acts or compacts with the tribe that would govern. (We are
using as the basis for our inquiry a computer facility hypothetical that does
not involve electric generation.)

We are also checking for Comprehensive Planning documents that may control
land use on the reservation. It shouldn't be a problem unless the Plan is
considered to be an environmental regulation.

We will keep you posted.

Bill

Katz, Kutter Haigler, Alderman, Bryant & Yon et al
106 East College Avenue, Suite 1200
Tallahassee, FL  32301
(850) 224-9634
www.katzlaw.com
_______________________________________

This transmission is intended to be delivered only to the named addressee(s)
and may contain information that is confidential, proprietary, attorney
work-product or attorney-client privileged.  If this information is received
by anyone other than the named addressee(s), the recipient should immediately
notify the sender by E-MAIL and by telephone (850) 224-9634 and obtain
instructions as to the disposal of the transmitted material.  In no event
shall this material be read, used, copied, reproduced, stored or retained by
anyone other than the named addressee(s), except with the express consent of
the sender or the named addressee(s).  Thank you.

>>> <Mathew.Gimble@enron.com> 05/16/01 03:34PM >>>
Bill,

As I mentioned on my phone message, if you are already in the process of
investigating how the Florida Siting Act applies to the Seminole Indian
Tribe of Florida ("SIT"), you may disregard this message.  If not, allow me
to explain.

We have been discussing potential generation opportunities on land owned by
SIT.  One project consists of coal-fired generation which would be located
on SIT's Brighton Reservation and the second project consists of a natural
gas-fired plant located on a site in Hollywood, FL.  Under either scenario,
we are curious as to how the Florida Power Plant Siting Act would apply.
SIT is of the opinion that the Siting Act may not apply to them.

Before we make any assumptions regarding this matter, could you review the
matter and let us know your opinion.  We are considering scheduling a
meeting with SIT at the end of next Friday, May 24.

Do not hesitate to call me at (713) 853-3526 cell (713) 594-0439 with any
comments or questions.

Thanks,
Mathew M Gimble


oh, it's on!

 -----Original Message-----
From: 	Bass, Eric
Sent:	Friday, May 04, 2001 2:01 PM
To:	Scott, Susan M.; Lenhart, Matthew
Cc:	Gillette, Lisa; Husser, Shanna; Hull, Bryan; Blanchard, Timothy; Schultea, Adriane; Day, Justin; mmmarcantel@equiva.com; SMTP@enronXgate; Mena, Luis; kevin.a.boone@accenture.com; Jaisinghani, Priya; Seksaria, Rahul; Rehman, Shiraz; Coffman, Christopher; Hiemstra, Nick; Day, Misti; Winfrey, Christa; Ferrara, Julie; Alon, Heather; Hernandez, Lorie
Subject:	RE: Tonight - Front Porch

what are you saying i can't handle my liquor?  you want to do a shot of 151?

 -----Original Message-----
From: 	Scott, Susan M.
Sent:	Friday, May 04, 2001 12:57 PM
To:	Lenhart, Matthew
Cc:	Gillette, Lisa; Bass, Eric; Husser, Shanna; Hull, Bryan; Blanchard, Timothy; Schultea, Adriane; Day, Justin; mmmarcantel@equiva.com; SMTP@enronXgate; Mena, Luis; kevin.a.boone@accenture.com; Jaisinghani, Priya; Seksaria, Rahul; Rehman, Shiraz; Coffman, Christopher; Hiemstra, Nick; Day, Misti; Winfrey, Christa; Ferrara, Julie; Alon, Heather; Hernandez, Lorie
Subject:	RE: Tonight - Front Porch

I'm sure you don't want me to remind you in detail of your own birthday experience?  Europa, the shrubs across the street?...and it wasn't 2 hours, more like an hour to an hour and a half.  Besides, I think Bass spent a little more time than myself praying to the porcelain god (at least I had the good sense to just pass out when I got home).

 -----Original Message-----
From: 	Lenhart, Matthew
Sent:	Friday, May 04, 2001 12:50 PM
To:	Scott, Susan M.
Cc:	Gillette, Lisa; Bass, Eric; Husser, Shanna; Hull, Bryan; Blanchard, Timothy; Schultea, Adriane; Day, Justin; mmmarcantel@equiva.com; SMTP@enronXgate; Mena, Luis; kevin.a.boone@accenture.com; Jaisinghani, Priya; Seksaria, Rahul; Rehman, Shiraz; Coffman, Christopher; Hiemstra, Nick; Day, Misti; Winfrey, Christa; Ferrara, Julie; Alon, Heather; Hernandez, Lorie
Subject:	RE: Tonight - Front Porch

i bet your teeth are on strike too b/c all the bile in your stomach is eating them up after you threw up for 2 hours


I didnt say anything bad, actually it was a compliment

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Thursday, October 18, 2001 1:04 PM
To:	Maggi, Mike
Subject:	RE:

Um no.  Should I?

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Thursday, October 18, 2001 1:03 PM
To:	Nelson, Michelle
Subject:

you are not going to let it go are you?


Gary & Seth,

 Thumbs up on the FOW article. Many thanks for working through it with me...
Joe

---------------------- Forwarded by Joseph Hrgovcic/HOU/ECT on 10/26/2000
11:27 AM ---------------------------

Jane Sandiford <JSandiford@fow.com> on 10/25/2000 06:26:32 AM
To: Joseph.Hrgovcic@enron.com
cc:
Subject: weather article - photos?

Dear Joseph,

Thank you so much for sending me such an interesting article on the Internet
and weather derivatives. I really enjoyed reading it!

I just have one final question - do you have a photograph of yourself (or
the other authors) that you could send me? Tif, gif or jpeg files are fine
so long as they are 300 dpi.

Thanks again and I hope to hear from you soon.

Best regards,

Jane

Jane Sandiford
Deputy Editor
FOW Magazine
Tel: 0207 827 6493
Fax: 0207 827 6413
Email: jsandiford@fow.com

** Disclaimer **

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The Metal Bulletin e-mail system scans all e-mails and deletes personal
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matter without notifying the sender. Therefore, the transmission of personal
messages, both incoming and outgoing, cannot be guaranteed.


Kim,

Please disregard previous draft for C of Glendale,  this is a corrected draft.

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

----- Forwarded by Debra Perlingiere/HOU/ECT on 03/29/2001 04:42 PM -----

	Dan J Hyvl
	03/29/2001 08:14 AM

		 To: Debra Perlingiere/HOU/ECT@ECT
		 cc:
		 Subject: City of Glendale

Debra,
 I had a type in the definition of Material Adverse Change.  Please resend if
necessary.


I look forward to seeing you Thursday evening, February 15, at the Texas
Public Policy Foundation ("TPPF") event, "A Farewell Evening with Lady
Margaret Thatcher."  Wendy Gramm, who serves on our Board, is the Chairman of
the Board of the TPPF.  The TPPF is a state research institute guided by the
core principles of limited government, free enterprise, private property
rights and individual responsibility.  TPPF is similar in many respects to
the Heritage Foundation in Washington, D.C., but focuses on state issues.

Below are the pertinent details for the event.  Please call Rebecca Carter
(x3-7241) or Sherri Sera (x3-5984) if you have any questions.

Location:      Doubletree Hotel
       2001 Post Oak Blvd
       713.961.9300

Private Reception & Photo Opportunity:  6:00 p.m.

Main Reception:     6:30 p.m.

Dinner:      7:00 p.m.

Attendees:      Jeff Skilling & Rebecca Carter
       Louise Kitchen & Marcus Nettleton
       Dan & Pamela Leff
       Jim & Elizabeth Fallon


The Hearings
The hearings have transitioned to the more traditional, courtroom-like
environment, with lawyers engaged in detailed cross-examination of utility
witnesses.
The hearing focused solely on the utility claims of financial hardship.
The hearings went from 9AM-5PM and only managed to make it through two PG&E
witnesses--extensive, detailed questions on PG&E's cash management practices
since restructuring started in 1998.
Questions to witnesses focused in particular on PG&E's use of cash for
investment and financing activities over the past 2-3 years (e.g.,
dividend/stock repurchase activities, transfer of cash from IOU to parent and
parent's use of that cash for investment activities).
Questions also focused on options other than rate increases available to the
utility (e.g., liquidate certain assets of unregulated biz units, loans from
parent, bankruptcy).
The commissioners and the ALJ have reacted in extremely hostile manner toward
PG&E's repeated attempts to amend and add to their proposal as the hearings
progress.
Questioning of PG&E witnesses will continue at 10 AM on Tuesday, followed by
Edison witness.
Unclear when the hearings will end, though the Commission is scheduled to
issue its decision on Thursday.
At this point, it seems very unlikely that the Commission will have developed
the record necessary to do anything other than raise rates under its general
ratemaking authority.

Outside the Hearing
Intense negotiations between Governor's office and utility management
continue.
Seems that the Commission/Administration is beating up on the utilities
inside the hearing room in an attempt to soften the utilities up and gain
some leverage in the negotiations taking place outside the hearing room.
Governor continues to try to bring consumer groups into the negotiations with
utilities, but consumer groups continue to resist and continue to oppose any
rate increases.
Governor seems to be attempting to set up a situation where the Commission
absorbs the political heat for raising rates on the 4th, and the Governor
follows-up with a more comprehensive set of proposals as part of his state of
the state speech on the 8th.


I thought you might like this site:

http://www.schindler-gitarren.at/index.html

b.


Dear Mr. Netland:

	I am an assistant general counsel with the Enron Litigation Unit, and have been retained in this matter by Enron Petrochemicals, Inc.  The matter arises out of the contamination of approximately 6,000,000 pounds of styrene monomer while in a tank located in a Odfjell Terminals (Baytank) Inc. facility on or about November 4, 1999.  Enron believes that the contamination was the result of the negligence of Baytank.  The two-year Texas tort statute of limitations is approaching and we would request an extension of the suit filing time for a period of sixty (60) days.  As we may otherwise have to file suit this week, we would appreciate your immediate response.  If you are not the person authorized to agree to such an extension, please let me know as soon as possible who is.

	My direct telephone line is (713)-853-6307, my telefax number is (713)-853-6576, and my e-mail is "britt.davis@enron.com."

	I appreciate your courtesy.

	Respectfully,

	Britt Davis


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
10:22 AM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Kirstee Hewitt                           03/28/2001 12:41 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc: Viacheslav Danilov/LON/ECT@ECT, Tanya Tamarchenko/HOU/ECT@ECT
Subject: VaR doc - London

Hi Vince,
As we discussed last week here is the VaR doc that I had originally started
at Xmas and has since been expanded with Stig's and Tanya's help.

We  would be very grateful for your comments.
Cheers
Kirstee


Whether I can attend or not, I think an internal gathering tomorrow to review
outstanding World Hunger issues would be appropriate followed by the
regularly scheduled call on Wednesday.  If you all would push this along in
my absence, I will ask Suzanne Adams to send out the reminder memo to the
distribution list.  Be sure to include Bill Williams so that his input can be
applied to the Longview turbine purchase.  Thanks!

	John Schwartzenburg@ENRON_DEVELOPMENT
	05/07/2001 07:22 AM

		 To: John G Rigby@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Sheila Tweed@ECT
		 Subject: Columbia Call - Monday

John and Scott: Please attend this call. It will start bumping into the GE
world hunger and Arcos turbines.

JWVS
----- Forwarded by John Schwartzenburg/ENRON_DEVELOPMENT on 05/07/2001 07:21
AM -----

	Jessica Burry@ECT
	05/04/2001 03:09 PM

		 To: jffell@stoel.com, semack@stoel.com, moconnell@stoel.com,
pjschneider@stoel.com, wlclydesdale@stoel.com, alindell@uswest.net,
wrussell@airpermits.com, hmarkwick@powereng.com, dwight_sangrey@golder.com,
dpluymers@golder.com, rleonard@golder.com, james_thornton@golder.com,
Christopher F Calger/PDX/ECT@ECT, Andy Chen/PDX/ECT@ECT, Ed
Clark/PDX/ECT@ECT, Don Hammond/PDX/ECT@ECT, Mark Mullen/PDX/ECT@ECT, Jonalan
Page/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Jeff Shields/PDX/ECT@ECT, Jake
Thomas/HOU/ECT@ECT, Laura Wente/HOU/ECT@ECT, Bill Williams/PDX/ECT@ECT, Lisa
Bills/Enron@EnronXGate, Kortney Brown/Enron@EnronXGate, Bob
Carter/HOU/ECT@ECT, Scott Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Terry
W Donovan/HOU/ECT@ECT, Roseann Engeldorf/Enron@EnronXGate, Matthew F
Gockerman/Enron@EnronXGate, Ed B Hearn III/HOU/ECT@ECT, Herman
Manis/Enron@EnronXGate, David Marshall/HOU/ECT@ECT, Stephanie
Miller/Corp/Enron@ENRON, Chip Schneider/Enron@EnronXGate, John
Schwartzenburg/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cris
Sherman/Enron@EnronXGate, Jeffrey A Soo/Enron@EnronXGate, Catherine
Clark/Enron@EnronXGate, Sheila Tweed/HOU/ECT@ECT, Mary Schoen/NA/Enron@Enron,
Justin Folloder/Enron@EnronXGate, William Fleenor/Enron@EnronXGate
		 cc: Jody Blackburn/PDX/ECT@EC, Theresa Villeggiante/PDX/ECT@ECT, Alisha
Guerrero/Enron@EnronXGate, Elizabeth Squires/PDX/ECT@ECT
		 Subject: Columbia Call - Monday

Conference Call - Project Columbia
Date:   Monday, May 7th
Time:  10:30AM PST
Duration:  1.5 Hour
Dial-in: 877.475.9228
Part. code: 203517
Host code: 760110

Mt. Rainier is reserved for those located in Portland.

If you have any questions, please let me know.

Jessica Burry
503-464-3800


The approval process initiated in 1998 for all meeting and event expenditures
in excess of $5,000 has enabled ENA to better assess the business value of
events, accurately track our activities and save money.  These events include
customer and employee meetings, and trade shows.

ENA has made some modifications to the process, which are described in this
memo.

The $5,000 threshold remains in effect for all customer events.  However, the
threshold for approval for employee meetings and events has been lowered to
$2,000, and some additional requirements must be met prior to approval.

Please be sure to follow the procedures described below for all meetings and
events, so we can continue to successfully manage these events.

1) Prior to making any commitments to customers or vendors, all customer
events with anticipated costs in excess of $5,000, and all employee events
with anticipated costs in excess of $2,000 must be reviewed by the ENA Public
Relations (PR) department and approved by the ENA Office of the Chairman

2) The PR department will handle the site search and hotel contract
negotiations for all such events.  Once this is completed, the PR department
will work with you to plan and produce your event in its entirety; or they
can provide as much or as little assistance as you require. The PR department
will be responsible for helping you achieve the best value for your program
and ENA.

3) A completed expenditure request form (see attached) and supporting
documentation is required for each event.  Employee meetings require a
detailed agenda as part of the event documentation prior to approval.  Please
submit the completed expenditure request form and documentation to the PR
department at EB 3642, or work with PR department employees to complete the
form.

4) After PR review, the expenditure will be submitted to the ENA Office of
the Chairman for final approval.

Additionally, the PR department can assist in the procurement of tickets for
various local sporting events and concerts.

If you have any questions regarding this process, would like assistance
planning an event, or need tickets for a Houston event, please contact Dorie
Hitchcock in the PR department at (713) 853-6978.

Thank you for your cooperation.


Please see attached.  Hard copies are being sent to the restricted service
list.

Joseph H. Fagan
ATTORNEY
HellerEhrman

tel.:  202.912.2162
fax:  202.912.2020
e-mail:  jfagan@hewm.com
web:  http://www.hewm.com <http://www.hewm.com/>
Address:  1666 K Street, N.W.
               Suite 300
               Washington, D.C. 20006-1228
>
The information contained in this e-mail message may be privileged,
confidential and protected from disclosure.  If you are not the intended
recipient, any dissemination, distribution or copying is strictly
prohibited.  If you think that you have received this e-mail message in
error,  please e-mail the sender at JFagan@HEWM.COM <mailto:JFagan@HEWM.COM>
.

 - Transmittal Letter to Williams.rtf
 - First Set to Williams - Start .rtf


Of course not.  We really are only going to put the: (i) development
documents (except the lease) and (ii) other publically available documents on
deal bench (i.e. Interconnect Agreements, Feasibility Studies, etc.).

I only wanted you to have a heads up on what we had already provided TECO.
Better to know was what I was thinking (even if it is after the fact).

K-

Kay Mann
05/22/2001 02:37 PM
To: Kathleen Carnahan/NA/Enron@Enron
cc:

Subject: Re: Fort Pierce

Anything posted on DealBench?


I saw this recently.  It's true AND funny.  This place is amazing.

Jim

 -----Original Message-----
From: 	"Foster, Gary" <GFoster@Antigenics.com>@ENRON
Sent:	Thursday, November 08, 2001 7:33 AM
To:	Steffes, James D.
Subject:	FW: Enron Joke

You're the only person there who could still get a chuckle out of this -
hope I'm not wrong.

-----Original Message-----
From: Pat Mizell [mailto:pmizell@swbell.net]
Sent: Wednesday, November 07, 2001 11:06 PM
To: Foster, Gary
Subject: Fw: Enron Joke

----- Original Message -----
From: <mtrent@reliant.com>
To: <Patrick_Mizell@Justex.net>; <ctrent@hajs.com>; <cdoyle@reliant.com>;
<dsladic@reliant.com>; <catherine-callaway@reliantenergy.com>;
<elmac0000@aol.com>; <montague@sprintmail.com>
Sent: Wednesday, November 07, 2001 7:23 PM
Subject: Fw: Enron Joke

----- Original Message -----
From:CN=Daniel N Hannon/OU=ADM/O=HouInd
To:stephen_w_naeve@reliantenergy.com,
     CN=Joe Bob Perkins/OU=PG/O=HouInd,
     CN=Melanie Trent/OU=ADM/O=HouInd,
     CN=Andrew C Johannesen/OU=ADM/O=HouInd,
     CN=Bret D Scholtes/OU=ADM/O=HouInd
Cc:
Date: 11/07/2001 06:52:55 PM
Subject:Enron Joke

---------------------- Forwarded by Daniel N Hannon/ADM/HouInd on
11/07/2001
06:51 PM ---------------------------

Lee Neathery <lln@pinnacletrust.com> on 11/07/2001 03:14:09 PM
To: "Beth Fisk (E-mail)" <beefiskone@hotmail.com>, "Dan Hannon (E-mail)"
<daniel-hannon@reliantenergy.com>, "Ernest Miller (E-mail)"
<erniem@calpine.com>, "Joan Bremner (E-mail)" <jbremner@houston.rr.com>,
"Kevin
Vincent (E-mail)" <khvincent@msn.com>
cc:

Subject: FW: Enron Economics

Now  you know how it worked....read on.
-----Original Message-----
From: Stephen Reckling
Sent: Wednesday, November 07, 2001 2:02 PM
To: Steve  Strake; Lee Neathery
Subject: FW: Enron Economics

Make sure that you read all the way to the end.

FEUDALISM
You have two cows.
Your lord takes some of the milk.

FASCISM
You have two cows.
The government takes both, hires you to take care of them and  sells you
the milk.

PURE COMMUNISM
You have two cows.
Your neighbors help take care of them and you all share the  milk.

APPLIED COMMUNISM
You have two  cows.
You must take care of them, but the government  takes all the milk.

TOTALITARIANISM
You have two  cows.
The government takes them both and denies they  ever existed.
Milk is banned.

PURE DEMOCRACY
You have two cows.
You and your neighbors decide who gets the milk.

REPRESENTATIVE DEMOCRACY
You have two  cows.
Your neighbors pick someone to tell you who gets  the milk.

MEXICAN DEMOCRACY
You have two  cows.
The government takes both and drafts you into the  army.

EUROPEAN DEMOCRACY
You have two  cows.
The EU commission decides which regulations for  feeding and milking
apply.
If  there aren't any, they invent some.
They pay you not to  milk the cows.
They take both cows, shoot one, milk the  other and pour the milk down
the drain.
They then require you to fill out forms accounting for the missing  cows.

AMERICAN DEMOCRACY
The government  promises to give you two cows, if you vote for it.
After  the election, the president is impeached for speculating in cow
futures.
The press dubs the affair "cowgate," but  supports the president.
The cows sue you for breach of  contract.
Your legal bills exceed your annual  income.
You settle out of court and declare  bankruptcy.

CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd  multiplies, and the economy grows.
You sell them and  retire on the income.

ENRON VENTURE CAPITALISM
You have two  cows.
You sell three of them to your publicly listed  company, using letters of
credit opened by your  brother-in-law at the bank, then execute a debt/
equity  swap with an associated general offer so that you get all four
cows back, with a tax exemption for five cows. The milk rights of  the
six cows are transferred via an intermediary to a  Cayman Island company
secretly owned by the majority  shareholder who sells the rights to all
seven cows back  to your listed company. The annual report says the
company owns eight cows, with an option on one more.

**********************************************************************
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.
**********************************************************************

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


Last Friday, Amerada Hess opted to proceed first with getting the ISDA Master Agreement between ENA and Amerada Hess Corporation ("AHC") completed before addressing the Master Netting Agreement, which they believe is subject to fraudulent transfer issues, etc.  The following has occurred:

a.	Enron Corp. multiproduct guaranty in amount of $75,000,000 executed and sent to AHC on 10/29/01, as was Certificate of Incumbency attesting to authority of Mary Perkins to  sign the guaranty;

b. 	Initial draft of our comments to AHC's form Schedule was sent to AHC on 10/30/01;

c.	Draft Paragraph 13 to Credit Support Annex received from AHC;

d.	Assignment and Novation of Transactions document agreeing to assignment of financial trades previously done by Hess Energy Services Company, LLC ("HESCO") to AHC executed and sent to AHC for execution on 11/2/01 (originals sent out 11/5/01);

e. 	First Amendment to Hess Energy Trading Company, LLC ("HETCO") ISDA Master Agreement setting collateral threshold for both parties at $5,000,000 executed and sent to HETCO by fax on 11/2/01; originals were sent to Hess for execution of 11/5/01;

f.	Conference call with Chuck Cerria and Dana Dellacona to review Schedule;

g.	 Letter agreement agreeing to assignment of physical gas trades previously done by Hess Energy Services to AHC executed and sent returned to AHC on 11/6/01;

h.	Received request on 11/6/01 from Chuck Cerria at AHC to look at form of Assignment and Novation of Transactions document used for HESCO assignment for use in assigning all of AHC's financial trades to HETCO.  Reviewed document and, after confirming that I did not have any authority to sign off on the documents or the structure of the assignment until after I received the approval of Bill Bradford and our credit group, I told Mr. Cerria that they looked ok to me but probably would have to be expanded to include a statement that the transactions in question would fall under HETCO ISDA Master Agreement.  Mr. Cerria is amending the documents accordingly;

i.	On 11/6/01 sent rough draft of mark-up of Paragraph 13 to Credit Support Annex to Dana Dellacona with caveat that ENA credit had not reviewed the document, the document was being sent merely to expedite the ISDA negotiation process and the document was subject to change by ENA after credit review; also worked through it with Dana and John Butala.  Dana will be redrafting it and sending a new draft;

j.	Received redraft of Schedule to ISDA from Dana Dellacona for review during afternoon of 11/6/01.

I have told everyone at AHC that I will be out of the office on 11/7/01 but can be reached until 11:30 am at my home [(713) 942-0007].  Copies of all of the above are on my desk in a file marked "Hess".


Frank,

FYI

Vince

 -----Original Message-----
From: 	"philip annesley" <pannesley@riskwaters.com>@ENRON [mailto:IMCEANOTES-+22philip+20annesley+22+20+3Cpannesley+40riskwaters+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, May 31, 2001 9:12 PM
To:	Kaminski, Vince J
Subject:	RE: Risk 2001 Australia

Thanks Vince - I'll give him a try.

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Thursday, May 31, 2001 10:03 PM
To: pannesley@riskwaters.com
Subject: RE: Risk 2001 Australia

Philip,

Please, try Frank Wolak from Stanford University.

He is the best expert on California right now.

Vince

    -----Original Message-----
   From:   "philip annesley" <pannesley@riskwaters.com>@ENRON

[mailto:IMCEANOTES-+22philip+20annesley+22+20+3Cpannesley+40riskwaters+2Ecom
+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, May 30, 2001 7:50 PM
   To:     Kaminski, Vince J
   Subject:  RE: Risk 2001 Australia

   Vince

   Thanks for coming back to me on this anyway. Would you be able to
   suggest
   anyone else - either in Australia, Europe or US who would be good to get
   to
   discuss the California crisis?

   kind regards.

   Philip

   -----Original Message-----
   From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
   Sent: Thursday, May 31, 2001 12:00 AM
   To: pannesley@riskwaters.com
   Cc: Vkaminski@aol.com
   Subject: RE: Risk 2001 Australia

   Philip,

   I have to decline the invitation with regrets.
   I have too many commitments right now.

   Vince Kaminski

       -----Original Message-----
      From:   "philip annesley" <pannesley@riskwaters.com>@ENRON

[mailto:IMCEANOTES-+22philip+20annesley+22+20+3Cpannesley+40riskwaters+2Ecom
   +3E+40ENRON@ENRON.com]

      Sent:   Monday, May 28, 2001 3:27 AM
      To:     vkamins@enron.com
      Subject:  Risk 2001 Australia

      Dear Vince

      Just a quick message to follow up on the email that I sent you
   recently
      inviting you to speak at our forthcoming congress, Risk 2001
   Australia,
      which is taking place in Sydney on 20 & 21 August 2001. Have you had
   an
      opportunity to consider the invitation yet? We are aiming to have the
      programme printed next week, so I would really need to know as soon
   as
      possible if you would be available to speak at this year's congress.

      I am working from our Hong Kong office for this week only (Tel: +852
      2545
      2710), and I can be contacted by phone there or by email.

      Kind regards.

      Philip

      Philip Annesley
      Conference Producer
      Risk Waters Group

      +44 20 7484 9866
      +44 20 7484 9800

      www.risk-conferences.com/risk2001aus


It looks a good deal to me.  Mark

	Peter Keohane
	05/09/2001 09:56 AM

		 To: John J Lavorato/Enron@EnronXGate, Mark E Haedicke/HOU/ECT@ECT
		 cc: Rob Milnthorp/CAL/ECT@ECT, Sharon Crawford/CAL/ECT@ECT
		 Subject: NGX Final Settlement

SOLICITOR/CLIENT PRIVILEGED COMMUNICATION

John and Mark, we have finalized our negotiations with NGX and have received
from them final executed paper for our execution.  All of them (NGX, OM,
Enerdata and Zarzeczny) have agreed (with the exception of Westcoast, who is
not really relevant and who sold out their position in NGX to OM after
commencement of the litigation).
By its terms, we have until Friday to confirm our agreement.  The key terms
are:
1. EOL third-party transaction data will be included in the index on a
real-time basis;
2. Other electronic trading systems may have their data included in the index
if they meet the criteria for inclusion (similar product, audit rights) (i.e.
we deleted the "most favour nations" requirement for inclusion of other
systems not being on more favourable terms);
3. Enron pays a one-time C$25,000 set-up fee;
4. Enron pays an index management fee of C$5,000 per month, unless Enron
trades at least 50,000 TJ,s per month on NGX;
6. Enron pays normal NGX trading fees;
7. Enron pays no audit fees or other fees or costs;
8. Lawsuit is released with everybody bearing their own costs;
9. Enron agrees to confidential audit rights to independent auditor ) but no
customer information is provided to NGX;
10. No non-compete.  Enron is expressly allowed to:
 (a) develop, establish, publish or promote any alternative or competing
index:
 (b) post, settle against, or use in any transaction, any alternative or
competing index;
 (c) provide information to Gas Daily and Inside FERC, etc;
 (d) display any transactional information on EOL;
11. Term is 3 years, commencing after information transfer systems are in
place, but not later than Dec. 31 (failing which lawsuit is revived, but
against NGX only);
12. Enron can terminate at any time on 60 days notice (but lawsuit is
released);
13. Enron can terminate at any time for NGX breach (lawsuit is revived, but
against NGX only);
14. NGX can change its products and Enron has the option to change and be
included or not to change;
15. The method for calculating and compiling the index cannot be changed in
the future without our approval, and the agreements between NGX and Enerdata
which give NGX the rights to the index cannot be amended or terminated
without our consent;
16. Deal is subject to ENA senior management approval by Friday; and
17. The above has been approved and executed by NGX, OM, Enerdata and
Zarzeczny.
This has been a tremendous amount of work with little involvement by outside
counsel.  Both Rob and I believe it is an excellent deal for Enron given the
fact that pursuing the lawsuit will be extremely costly (both in terms of
expenses and the time and effort of dedicating resources to the litigation)
and difficult to litigate.  The deal really amounts to an option to Enron to
have its EOL data included in the index for C$25,000 and releasing the
lawsuit.  Please let me know by Friday if we want to execute.

Regards, Peter.


Hi Helyette,

Congratulations on your papers.

The purchase contract is in the last stage of approvals
(it's circulating through different parts of the company
where it has to be signed). I think we should be able to execute
the contract  in the first few days of December.

I shall let you know as soon as our internal process is completed.

Vince

GemanIX@aol.com on 11/29/2000 02:26:12 PM
To: VKaminski@aol.com
cc: VKamins@enron.com
Subject: Software

Dear Vince,
I guess time has been flying for you by since our brilliant show
in Paris.In my case,it is the same:I got 3 papers accepted in THE
3 major Journals in Finance(Journal of Business,Journal of Finance
and Journal of Financial Economics).We should write a piece!
Our software seems to be quite satisfactory for the oil people.My
lawyer had added a paragraph to Karla's document:since she had
mentioned the right for Enron to check at any time the code source
etc,he wanted to request Enron to pay his fees in the case D-G
disappeared.In any case,if you are still interested,we are ready to
use your escrow account to make things simpler.Moreover,I am
striking an agreement with a software company ,13years with
people from Polytechnique+finance,to be our hot line(with us paying
royalties,of course).This would complement my 2 associates.
Looking forward to hearing from you
Helyette


Vince,

Dec. 29 at 9:00 will be fine.  I have talked to Shirley and have
directions.

Thanks, Bob

Vince J Kaminski wrote:

> Bob,
>
> Can you come to our office on Dec 29 at 9:00 a.m.?
>
> Please, call Shirley Crenshaw (3-5290) or Stinson Gibner (3-4748)
> from the reception to be admitted to the building.
>
> Vince Kaminski


David - as to your point 2, we have used the "Deemed ISDA" appraoch for
weather derivatives.  I see no reason we can't do something similar in
Australia for power.  I've atached an example (but I'm not sure it is
thefinal version).

Mark

David Minns@ENRON_DEVELOPMENT
11/17/99 02:53 AM
To: Edmund Cooper/LON/ECT@ECT, Justin Boyd@ECT
cc: Mark Taylor@ECT
Subject: Enron Online

Edmund/Justin, I would appreciate your advice on a few points.

 I am correct in understanding there can be different versions of the
Password Agreement and Electronic Trading Agreement?  I have seen Password
Agreement NA Version 1and an Electronic Trading Agreement Version 1 that both
have Enron North America Corp and/or its affiliates as the Enron contracting
party.  In Australia we will have to enter into  electricity derivatives
through the Enron Australia Finance Pty. Ltd.(EAF)  which is the only Enron
entity authorised trade in these products. Would EAF also be a party to a
Password Agreement and ETA with its potential counterparties?
If  I  was starting with a clean sheet in drafting GTCs for Australian
financial power trades I would incorporate into it the  1992 ISDA Master
Agreement (Multicurrency-Cross Border)and as well as the 1993 Commodity
Definitions. This is what Australian counterparties would expect to see.
However, I notice this approach has not been followed with any of the GTCs I
have seen. The closest is the incorporation  EFA terms  for the UK power
contracts. I suppose this raises a general question are there any established
protocols for drafting GTCs?
Small point - I notice the limitation of liability clauses in all the
documentation follows the US form.  I notice even for contracts interpreted
under English law there is an exclusion of "special damages".  In Australia
and I thought England special damages were defined money damages that must be
specially damages as opposed to general damages such as pain and suffering
that cannot be quantified and are assessed by the court. This is completely
different  to the meaning of this term in US. Has this issue been considered
and for whatever reason a decision has been made to go with the US wording?
How much work have we done on issues such as those relating to formation of
contracts? I note it was excluded from the scope of your surveys of the
various European jurisdictions. I am taking my brief to include those issues
relevant which are material to ensure that Enron is complying with the law
and will also have enforceable agreement. This may go wider than just
regulatory compliance issues.

If you prefer give me a call to discuss 612 9229 2310.


Lee,
 Gerald, Mark, James and I went over the Capacity Allocation Agreement
changes last Friday.  The finance people met with the banks on Monday.
Gerald is preparing a draft incorporating our comments and I understand that
some changes will have to be made in the L.L.C. agreement instead of the
Capacity Allocation Agreement.  Bottom line is, the next draft we get from
Gerald should be ready for review with you.  I am also trying to get some
information from the region on the Madden gathering system, as yet
unsuccessfully.
---------- Original Text ----------

From: Lee Hanse@MKTGASegm@COR, on 6/20/00 12:43 PM:

Chris, if lang has been drafted to address the various changes to the LLC
agreements I would like to discuss and brainstorm a little to hopefully catch
as many of the issues as possible in the round of changes.  Let me know when
you want to review lang.  Thanks, Lee H
----------
From: Lori Marlatt@LGALAW@COR, on 6/12/00 10:22 AM:

Gerald:

I've looked at the changes you've made to the LLC Agreement, as well as to
the Capacity Allocation Agreement, and the Amended Admin. Services Agreement,
and am on board with all revisions.  I believe the changes we were requesting
in the Cap. Alloc. Agrmt., as relayed to me by Hoekenga, are adequately
addressed in your draft.  Thus, unless Chris or Lee Hanse have anything to
add to the documents, I believe they are ready to execute.

Once executed, please provide an execution copy to me for filing in our
records.

Thanks!
Lori
----------
From: "Gerald Nemec" <Gerald.Nemec@enron.com>, on 6/9/00 3:38 PM:

Attached are redlined versions of an amended and restated LLC agreement and an
amendment to the Administrative Services Agreement.  I decided to simply amend
the Admin. Agreement since the change was so minor.  You will note that the
changes in the LLC Agreement were solely to accommodate the revisions made in
the Capacity Allocation Agreement which I forwarded earlier.  Please call if
you
have any questions.

(See attached file: Amendment to Admin Agreement1red.doc)(See attached file:
Amended and Restated LLC Agreement(Red).doc)


Gerald,

Enclosed is the latest version which I understand you and David N discussed.
I understand there are changes to sections 2 and 6.  Dave asked me to send
to you in his absence.  Please let us know if this is on target.

Jere Bates <<TSdraft.conf.agr.9-18-00.doc>>

 - TSdraft.conf.agr.9-18-00.doc


Attached is the master gas agreement, ready for  Clarksdale's review.

We haven't had any feedback from Yazoo City.  When can we expect their
feedback?

Thanks,

Kay


We are completing a telephone systems audit that involved sweeping executive
and executive assistant telephones and workspaces for listening devices.
This sweep included your telephone(s).

On Thursday, November 9, the following tests were conducted by Swailes and
Associates and CTF Specialists under the supervision of Corp. Security:

Each office was swept for radio frequency listening devices
Each telephone was opened and physically inspected
Each telephone line was checked for downline listening devices
All executive and assistant extensions were programmatically evaluated to
determine whether secondary, unknown telephones were associated with the same
extension

No problems were found.

Thanks,

Andrew Parsons
IT Compliance
3-6665


In a recent discussion with Walter Coffer, he stated that there may be an opportunity for a "shared savings" for a subscription to Restructuring Today.  He thought Restructuring Today was better than the standard power industry news offerings because of the investigations beyond just the news. The URL for the website is:  www.enernetdaily.com/restruc.pdf.  Attached is an Excel spreadsheet which shows the break points for a corporate subscription.  If  3 people subscribe, it is cheaper to get a 5 person subscription.  If  30 subscribe, it is cheaper to get an unlimited corporate subscription.  Please let me know whether or not this service would be of value to you.  If so, send your accounting information and your email address so that all of the subscriptions can be turned in together to take advantage of the discount.

Regards,

Anita DuPont for Lance Cunningham
Enron Research Group
713-853-0329
EB 1969


fyi
----- Forwarded by Mark E Haedicke/HOU/ECT on 12/20/2000 03:48 PM -----

	Sheila Walton
	12/20/2000 02:35 PM

		 To: Mark E Haedicke/HOU/ECT@ECT
		 cc:
		 Subject: Part Time Benefits

Here is the sheet for reduced hours employees.


So what's the verdict?


It the dark recesses of my mind I recall that Honey has a form to fill out.
However, that doesn't keep us from distributing $.  We just need to keep
enough to pay CT to file the documents.

Congratulations, that was quite a feat.

Time for a Fish wake?

Kay

"Turner, Gerry (Allstates)" <TurnerGerry@bek.com> on 07/14/2000 08:17:31 AM
To: kmann@enron.com
cc: HAsworth@Technip.com

Subject: Angler's

OK-----I finally have the last (Bailey) signature on those going out of
business documents.  What shall I do with them?  When can we write checks
and be done with all this?

Gerry Turner


i might be able to make it.  i will know tomorrow.  are you in town this
weekend.


Updated Core/Non-Core Analysis for 11am PDT/1pm CDT meeting


I am forwarding the agenda for ISDA's Annual General Meeting at the Omni
Shoreham Hotel April 3-6. Highlights include:

* Keynote Addresses by Senator Richard Lugar, William McDonough and
Peter Hancock and Jeffrey Skilling
* Global derivatives public policy panel re: current and future
regulatory developments in Europe and the United States.
* Plenary sessions covering Latin America and Asia, which will have a
regulatory and policy focus.
* Developing Products Panel  (weather, energy, electricity and
bandwidth)
* Equity Derivatives Panel w/discussion on accounting treatment and
U.S. commodity law changes
* Derivatives E-Trading and E-Business influence on derivatives
discussions

This year's AGM offers a variety of exciting social events. ISDA is inviting
key Members of Congress and regulatory staff to all of the following evening
events.

  Tuesday, April 3, 2001, from 7:30-10:30 p.m., Bank of
America, Goldman, Sachs & Co., J.P. Morgan, Merrill Lynch & Co., Inc., and
Morgan Stanley Dean Witter will host a welcoming reception at the Corcoran
Gallery of Art, 500 17th St., NW.  Noted jazz musician, Glen Pearson will
provide the evening's entertainment of jazz, blues and swing music.

  Wednesday, April 4, 2001 from 7:30-10:00 p.m., Bank of
America, Goldman, Sachs & Co., J.P. Morgan, Merrill Lynch & Co., Inc., and
Morgan Stanley Dean Witter will host a cocktail reception and buffet dinner
in the Great Hall at the Library of Congress, 10 1st St., SE.  The
"Strolling Strings" will provide an "around the world" music review.

  Thursday, April 5, 2001, from 7:00-10:30 p.m., Blackbird
will host a cocktail reception and buffet dinner at the Smithsonian National
Air and Space Museum, Independence Avenue at 6th St., SW.  The Midnight
Movers will provide an exciting concert of R&B, Soul and Motown music.

Hope you will be able to attend.  You can register online through the ISDA
website:  www.isda.org.  Thanks!

 <<Agenda 3-22.doc>>

Stacy Carey
Director North American Regulatory Policy
International Swaps and Derivatives Association
600 5th Avenue, 27th Floor
Rockefeller Center
New York, NY  10020
(212) 332-1202 ph
(212) 332-1212 fax
(917) 543-9622 cell
scarey@isda.org

 - Agenda 3-22.doc


California is electric industry test case

By Deborah Adamson, CBS.MarketWatch.com
Last Update: 3:03 PM ET Aug 23, 2000
NewsWatch
Latest headlines

SAN DIEGO (CBS.MW) -- The federal government will provide grants and loans to
help local residents and businesses pay for soaring electricity bills,
President Clinton said Wednesday.
Clinton said $2.6 million will be earmarked to help low-income families and
seniors pay for electricity bills that have more than doubled. He urged the
Small Business Administration to provide loans to companies that are
struggling to pay power bills.
He also called for expediting the investigation of wholesale power markets by
the Federal Energy Regulatory Commission.
"We'll do what we can to help you," the president said during a televised
news conference at the White House in Washington.
Test case yields public outcry
The San Diego area is a test case for the rest of the country over the
feasibility of electric industry deregulation. The region -- which also
encompasses South Orange County, north of San Diego -- is the first in the
nation to have its power market completely deregulated.
New York, New England and mid-Atlantic states are following suit, and they're
watching California carefully.
Thus far, the San Diego test has turned out to be a shambles.
Electricity supply that hasn't increased in 10 years failed this summer to
meet strong demand resulting from a growing state. With market forces in play
for the first time, strong demand led to much higher wholesale rates that was
passed along to residents.
After a public outcry, the California Public Utilities Commission on Monday
approved a plan that would cap customers' electric bills for normal use, but
they'll pay market rates for anything extra. Utility companies also can
collect on any shortfalls later.

Today on CBS MarketWatch
Nasdaq inches higher; Dow lags
Oil inventories at 24-year low
Commentary: Garzarelli sees stock rally in fourth quarter
Amazon.com enters car market
California is electric industry test case
More top stories...
CBS MarketWatch Columns
Updated:
8/23/2000 3:02:08 PM?ET

In other words, if the electric company can't pass along the entire cost of
buying the energy for now, they'll be able to pass it along months later.
Therefore, people who are used to seeing lower electricity bills for the
cooler months in fall and winter won't see much of a drop-off.
"It's a shameful pay-now-or-pay-later plan," said Bob Finkelstein, staff
attorney for the Utility Reform Network, a consumer advocacy group.
"California jumped off the deregulation cliff."
State legislators, which have the power to expand on the commission's ruling,
shelved a plan to roll back rates to mid-1999 levels and cap them for
customers of San Diego Gas & Electric, a Sempra Energy (SRE: news, msgs)
subsidiary. They faced opposition from Gov. Gray Davis, a Democrat, and from
Republican lawmakers.
Davis prefers a plan that would cut rates by 60 percent immediately but that
would stipulate customers pay the full amount of what they owe later.
Republican lawmakers want the state to use taxpayers' money to help pay
electric bills for consumers while businesses get tax credits.
San Diego fiasco
The Southern California fiasco came about as a result of a deregulated
electricity market that began two years ago. The effects of deregulation are
being felt first in the San Diego area because it was the first to end its
rate freeze -- last summer. The rest of California should follow, region
after region, by 2002.
The idea sounded good: Deregulate the electric industry and let the market
set the prices. With competition, rates should come down and service should
improve. When the long-distance phone market was deregulated, it did bring
about low prices and greater competition.
But things got messed up along the way.
For one, the hope that consumers and businesses could one day shop for
electricity as they shop for better deals among long-distance carriers was
dashed, at least for now. Initially, hundreds of companies had signed up to
offer power but most have gone out of business or left the market. Of the
remaining companies, most serve the more lucrative corporate market, said
Linda Sherry, a spokeswoman at Consumer Action.
Also, the strategy of letting housing developments form power cooperatives
and negotiate better rates "didn't pan out," Sherry said.
Demand far outstrips supply
Demand for power in California surged as businesses and the population grew.
But supply didn't grow with it because no new electric generation plants have
been built in the state for 10 years. Last year, the state approved five
applications to build new plants, but they're years away from becoming
operational.

Under the deregulated market, electric utility companies were mandated to
sell their power generation plants. By separating the provider of electricity
and the generator of electricity, the idea is to usher in a more competitive
market.
Today, San Diego Gas & Electric buys from electric generators through an
auction market.
But the auction market rules as set up actually make the situation in San
Diego worse. According to the Federal Energy Regulatory Commission, when
electric utilities accept bids from generators at various prices, they are
required to pay to everyone the rate of the highest bid. But in a situation
where the electric company needs all the power available, it has to accept
all the bids and apply the highest price to every deal -- inflating the cost.
Electric generators were taking advantage of the situation by charging more,
Sherry said. FERC is investigating and plans to issue a report later this
year. But for now, price caps have been set.
Utility company buffeted
Ed Van Herik, a Sempra spokesman, said the auction rules are putting the
squeeze on utility companies, already buffeted from all sides by public
outcry and political pressure.
But Utility Reform Network's Finkelstein said San Diego Gas & Electric isn't
totally blameless because it could have done a better job of hedging high
costs.
"They could have entered into (futures) contracts to hedge these risks,"
which would have allowed the utility to buy electricity at prices under
normal conditions, the attorney said.?


Paulo,

FYI. I shall lok at it at home as well.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/27/2000
10:45 AM ---------------------------
From: Gillian Boyer@ENRON on 11/27/2000 10:25 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Arthur Andersen model validation request

Vince,

                  Our goal is to validate that the Enron Global Market book
administrators are accurately using the "spread option model" as developed by
the Research Group.    To determine this, we would like to provide you with
the inputs for a particular deal (as provided by a Global Markets book
administrator) and have you recalculate the deal value.   We will then
compare your results to the values calculated by Global Markets.

 Two Koch deals have been chosen due to their substantial P/L effect.  I have
attached the deal data in two forms: (1) the spread option model that Kara
Boudreau, Book Administrator EGM, provided and (2) an excel spreadsheet that
isolates the 2 deals.

 If there is anything more that we could provide, please don't hesitate to
call me at  x30968.

 Thank you so much for all of your help.

 Gillian

1.

2.


Hello Mike,

My name is Brian Dawson and I work in ENA Merchant Finance.   I heard you
speak at the Adams Mark Hotel last week discussing the future of EGM.  I
wanted to let you know that I may have some information that might be useful
to you.  I have a close friend who is the Vice President Marketing/Purchasing
of Rigid Building Systems located off of Aldine Westfield and Beltway 8.  He
has over 20 years in the industry of buying from the mills and selling steel
components to contractors, end users, and service centers.  We were
discussing the steel industry as a whole and some of his ideals were
identical to yours.  I didn't know if you would be the right person for this
information.  If you would like for me to forward this information to someone
else, please let me know.  Thank you for your consideration.

Brian Dawson
5-4725