Enron, and on, and on: Enron's Indian troubles: The world's biggest power
trader cannot shake off its Indian headache
The Economist, 04/21/01

Hines will add to skyline
Houston Chronicle, 04/20/01

EDP in Talks to Buy Brazil's Elektro From Enron, Diario Says
Bloomberg, 04/20/01

PORTUGUESE PRESS: EDP In Talks to Buy Brazil's Elektro
Dow Jones International News, 04/20/01

INDIA: Enron may sell majority stake in India unit - paper.
Reuters English News Service, 04/20/01

INDIA PRESS: Enron May Sell Majority Stake In Dabhol
Dow Jones Asian Equities Report, 04/20/01

Enron plans to sell majority stake in Indian power venture
Agence France-Presse, 04/20/01

Enron plans to shed majority DPC stake
Business Standard, 04/20/01

Gas Diversification: Long-term Contracts are not the Best
Polish News Bulletin, 04/20/01

Enron Dumps Romania Venture.
The Oil Daily, 04/20/01

Energy Services Firms, Utilities Continue to Log BigQuarterly Earnings.
The Oil Daily, 04/20/01

USA: ICE power, gas trading volumes soar.
Reuters English News Service, 04/19/01

Enron Renews Efforts to Sell Stake in Indian Unit, Paper Says
Bloomberg, 04/19/01

Business
Enron, and on, and on: Enron's Indian troubles: The world's biggest power
trader cannot shake off its Indian headache

04/21/2001
The Economist
Copyright (C) 2001 The Economist; Source: World Reporter (TM) - FT McCarthy

IT IS the world's largest trader of energy, and this week it announced a
glowing set of first-quarter results, with revenue quadrupling and profits up
20%. But Texas-based Enron Corp cannot seem to shake off its Indian headache.
For the umpteenth time in six years, it has become locked in a dispute over
its power project at Dabhol, in the Indian state of Maharashtra. And again,
the dispute is with its sole customer, the Maharashtra State Electricity
Board (MSEB).
A government-committee report published on April 12th recommends
renegotiation of the project to reduce the price of its electricity, even
though this has already been renegotiated once, in 1996, shortly after
construction work started. To "protect its rights", Enron has started
arbitration proceedings against the authorities and has issued a "political
force majeure" notice against the MSEB.
Perhaps most important of all, Enron has asked the finance ministry to honour
a financial guarantee that the ministry provided for the project, in order to
recoup $47m that the MSEB failed to pay for power in December and January.
The MSEB has lodged an $86m counter-claim against Enron for failing to build
up generation to full load quickly enough on one day in January. Suspicions
that the MSEB is trying to avoid paying its dues prompted Richard Celeste,
America's ambassador to India, to suggest that Maharashtra was "taking refuge
behind legalities".
The mood is not yet calm enough to negotiate a way out - although there is
some talk of the state or a private investor buying out Enron, which is
losing interest in owning power plants in poor countries. Enron's force
majeure notice as good as accuses the state government of slowing the project
for political reasons. Enron says that it is willing to discuss the report,
but that there is no basis for proper talks until Maharashtra restructures
the MSEB's parlous finances and thus gives the project a chance of surviving
its planned 20-year life without further crises. Government officials are
repeating accusations thrown around in the mid-1990s that Enron is behaving
arrogantly.
But India too has much to lose. Suresh Prabhu, India's power minister,
insists that the dispute does not reflect any "anti-foreign-investment
attitudes". However, if it is not resolved soon, it could do further harm to
India's already blighted image as a destination for foreign direct investment
(FDI). India has long hoped to attract up to $10 billion of FDI a year, but
it peaked in 1997-98 at $3.6 billion and last year was down to $2.1 billion.
That compares dismally with other Asian countries. The shortfall is due
mainly to India's failure to turn large infrastructure proposals into actual
projects. Plans for power and oil-refining projects with nearly $20 billion
of FDI have been approved in the past decade, for instance, but only $1.6
billion has actually been invested - and a large amount of that went to
Dabhol.

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

April 20, 2001
Houston Chronicle
Hines will add to skyline
32-story tower to be downtown near Jones Hall
By RALPH BIVINS
Copyright 2001 Houston Chronicle
The Hines real estate development firm is preparing to make another mark on
the downtown Houston skyline with the creation of a 32-story office tower.
Hines will begin construction in July on Texas Avenue near Jones Hall, the
Alley Theater, Chase Tower and the Houston Chronicle building.
Over the last 30 years, Hines has developed a number of major buildings
downtown.
"We are tremendously excited to add our 10th signature building to the
downtown Houston skyline," said Charlie Baughn, executive president of Hines.
The 689,000-square-foot building will be named after the main tenant, the
Calpine Corp., a San Jose, Calif., company that produces electricity. Calpine
has agreed to lease 300,000 square feet. It has not been determined whether
the building will be christened Calpine Plaza, Calpine Center or some other
variation on the Calpine name.
The tower is scheduled to be complete in the fourth quarter of 2003. A
parking garage on the block will be torn down, but the historic Lancaster
Hotel, the Longhorn Cafe and Clive's restaurant will be retained. The
building will cover about three-fourths of the block, said Larry Margolis,
project manager for Hines.
Houston-based Hines is developing the building in partnership with Prime
Asset Management, which also owns the nearby 75-story Chase Tower. Prime
Asset is led by Lebanese billionaire Rafik Hariri.
Shaped like an oval with a flattened side, the tower will be wrapped in an
exterior of rose-tinted granite with bluish windows. A granite-paved
pedestrian plaza will be built at the corner of Texas and Milam, leading into
the entrance at 717 Texas Ave.
The project is designed by Hellmuth, Obata & Kassabaum, the architecture firm
that did Enron Field for the Houston Astros.
Seven levels will be devoted to an enclosed parking garage with 900 spaces.
Above the parking garage will be 24 floors of office space, with about 26,500
square feet of space per floor.
Calpine will be moving about 1,100 employees into the building. The company
now has its workers in three downtown buildings: Bank of America Tower, Wells
Fargo Plaza and Pennzoil Place.
Calpine's choices for office space in downtown Houston were slim. The prime
"Class A" space in downtown is more than 96 percent occupied, and large
blocks of top-quality vacant space are nonexistent.
The downtown office market has made a comeback from the 1980s, when more than
one-third of its office space was vacant. For more than a decade after the
Texaco Heritage Plaza was completed in 1986, downtown had no new buildings.
And no new space was needed.
With no new construction, the vacancy numbers turned around. At the end of
1993, the overall downtown vacancy rate was 22.43 percent. By the end of this
year's first quarter, downtown vacancy had fallen to 6.3 percent, according
to the CB Richard Ellis realty firm, and rental rates are climbing.
The Calpine building will join other significant downtown towers under
construction:
? The 36-story Century Development tower at 1000 Main, near Foley's. It will
have 783,000 square feet of office space and 50,000-square feet of retail
space. Reliant Resources will be the primary tenant. The Gensler architecture
firm designed the building, which is to open in early 2003.
? Crescent Real Estate Equities is developing the 5 Houston Center building,
a 27-story project on the block bounded by McKinney, Austin, LaBranch and
Walker. Ernst & Young has leased 127,000 square feet in the
570,000-square-foot building, scheduled to open in 2002. HKS Architects
designed it.
? Enron Center South, a 40-story tower under construction at the corner of
Smith and Bell. Cesar Pelli & Associates designed the 1.2 million-square-foot
building. The first tenants will move into Enron Center South this year, and
the building will be complete in 2002. Hines is the developer.
Hines has been a key player in shaping the downtown skyline.
The firm began with the development of One Shell Plaza in 1971. It later
added Two Shell Plaza, Pennzoil Place, 700 Rusk, 1100 Louisiana, Chase Tower,
the Wortham Theater Center and Bank of America Center, which formerly was
known as RepublicBank Center.
With the Calpine building, Hines is, in effect, giving its endorsement to the
north part of downtown, said Derrell Curry of CB Richard Ellis.
"You're running out of land in downtown. You have to go somewhere," Curry
said. "You don't see Hines building in unproven sites very often. If they
aren't comfortable with it, they don't build on it."

EDP in Talks to Buy Brazil's Elektro From Enron, Diario Says
2001-04-20 04:55 (New York)

     Lisbon, April 20 (Bloomberg) -- EDP-Electricidade de Portugal
SA, the country's biggest electricity company, is in talks with
Enron Corp to buy a stake in a Brazilian unit of the world's
largest energy trader, Diario Economico said, citing no sources.
     The talks have dragged on for several months over
disagreements about the price of Elektro-Eletricidade e Servicos
SA, as the unit is called, the newspaper added, without citing its
sources.
     The Brazilian purchase would fit into EDP's strategy of
expanding in Brazil and Spain as it shores up its business before
losing its monopoly at home. Elektro would add size to Empresa
Bandeirantes de Energia SA, an electricity distributor EDP and a
local partner bought three years ago and now plan to split.
     Other companies considering Elektro include Spain's Endesa
SA, Spain's largest utility, Diario Economico said.

PORTUGUESE PRESS: EDP In Talks to Buy Brazil's Elektro

04/20/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

LISBON -(Dow Jones)- Utility Electricidade de Portugal SA (EDP) is in talks
with the U.S.'s Enron (ENE) to buy Brazilian electricity distributor Elektro
Eletricidade e Servico SA (E.EKO), Diario Economico reports. Elektro is
valued at EUR1.56 billion, but, according to analysts, EDP's offer stands at
EUR878 million.
Newspaper Web site: http://www.de.iol.pt
Lisbon Bureau, Dow Jones Newswires; 351-21-319-1863

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

INDIA: Enron may sell majority stake in India unit - paper.

04/20/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, April 20 (Reuters) - U.S. energy giant Enron Corp plans to sell a
major share in Dabhol Power Company, its controversy-ridden power project in
the western Indian state of Maharashtra, a business daily said on Friday. The
Economic Times newspaper said leading investment bankers were making
presentations to Enron for the mandate to sell its stake in the $3 billion
venture.
Enron could not be immediately reached for comment.
The 2,184 MW power project has four equity partners - Houston-based Enron
with 65 percent, U.S. giants General Electric and Bechtel with 10 percent
each, and Indian utility Maharashtra State Electricity Board (MSEB) with 15
percent.
Under the original project plan finalised four years ago, MSEB's stake was to
increase to 30 percent, and Enron's to fall to 50 percent, through additional
investment by the state electricity board to finance construction of the
second phase of the project.
But faced with financial problems, MSEB informed Enron last year that it
would be unable to buy the additional 15 percent, leaving Enron to scout
around for another buyer. Enron said in January it plans to sell the 15
percent stake.
But a payment row with the MSEB and growing political opposition to Enron's
expensive power project has raised speculations that the U.S. energy giant
may pull out of the project.
The Economic Times, quoting unnamed sources, said Enron will require an
approval from its lenders if it wants to pull out of DPC.
Enron may seek this approval at its lenders meet in London on April 23, it
said.
The MSEB has been defaulting on payments since October for electricity
purchased from Dabhol's 740 MW power plant on the state's west coast. The
amount outstanding totals 2.26 billion rupees ($48.24 million). ($1 = 46.84
Indian Rupees).

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

INDIA PRESS: Enron May Sell Majority Stake In Dabhol

04/20/2001
Dow Jones Asian Equities Report
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI -(Dow Jones)- U.S. energy company Enron Corp. (ENE) is reported to
be in the process of appointing a merchant bank to sell a majority stake in
India's $3 billion Dabhol Power Co., reports the Economic Times Friday. Enron
is expected to select a bank within a few days.
Enron holds 65% stake in Dabhol Power, while Maharashtra State Electricity
Board holds 15% and U.S. companies Bechtel Group Inc. and General Electric
Co. (GE) each hold 10%.
Enron officials declined to comment, the newspaper said.
Newspaper Web Site: http://www.economictimes.com

-By New Delhi Bureau, Dow Jones Newswires; 91-11-461-9427;
sonal.singh@dowjones.com

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

Enron plans to sell majority stake in Indian power venture

04/20/2001
Agence France-Presse
(Copyright 2001)

BOMBAY, April 20 (AFP) - US-based energy company Enron Power Corp is putting
in place plans to sell its majority stake in the troubled Dabhol Power Co. in
western India, reports said Friday.
"Enron is believed to be in the process of appointing a merchant banker to
sell its majority stake in the Dabhol Power Co (DPC)," The Economic Times
said, quoting unnamed sources.
Leading investment banks are currently making presentations to Enron to win
the mandate, which is expected to be awarded in a few days.
"Enron will always consider a legitimate proposal to sell an asset if it
makes strategic sense, but we are not currently selling our stake in DPC," an
Enron spokesman told AFP.
Enron holds about 65 percent of DPC, the Maharashtra State Electricity Board
(MSEB) has 15 percent and two other US companies hold 10 percent each.
Enron is putting up a three-billion-dollar, 2,184 megawatts power station in
the port town of Dabhol, some 200 kilometres south of here.
The project was signed in 1993 and construction began a year later. It was
scrapped in 1995 by Maharashtra state's Hindu nationalist government which
had just been voted to power.
Opponents of the project had by then built up a campaign, accusing Enron of
bribing local politicians and officials to win the contract.
The Hindu nationalists re-negotiated the power purchase agreement and phase
one, generating 714 megawatts of power, began operating in 1999.
In 2000, MSEB began defaulting on payments forcing Enron to invoke government
counter-guarantees in January 2001.
The Hindu nationalists were replaced by a Congress-party led government which
said the cost of Enron's power was "unaffordable".
The government set up a panel to review the project. The panel, early this
month, said the power project agreement should be renegotiated.
man/gh/lh

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

Enron plans to shed majority DPC stake
Baburajan K & Arijit De MUMBAI

04/20/2001
Business Standard
1
Copyright (c) Business Standard

Enron, the Houston-based embattled power transnational, is finally planning
to divest its stake in Dabhol Power Company (DPC). Leading investment bankers
in Mumbai, on conditions of anonymity, told Business Standard that Enron had
sounded them out on finding a buyer for its stake in DPC.
An agreement with the lenders to DPC, however, bars Enron from selling its
entire 65 per cent equity stake at this stage. Enron will have to continue
retaining a 26 per cent stake till all the $2.1 billion in loans for the
project are repaid over a 15-year period.
Enron officials in Mumbai declined to comment on the matter. However, the
Financial Times reported on Wednesday that Enron chief executive Jeff
Skilling in an interview said that the company "would be interested in
talking to potential buyers" for its $900 million interest in the Dabhol
project.
DPC is the largest greenfield project in India. Only the first 740 mw phase
of the $3-billion, 2,184-mw power project is running now. The second phase is
scheduled to go on stream in December 2001.
Enron, which was to hold only 50 per cent of the project's equity, now has a
65 per cent stake as the cash-strapped Maharashtra State Electricity Board
(MSEB) did not pick up all the equity it had committed to buying. General
Electric and Bechtel hold 10 per cent each, while MSEB has a 15 per cent
stake. Enron last year appointed Credit Suisse First Boston to find a buyer
for the additional 15 per cent stake, but no buyer was found. The divestment
of equity will virtually complete Enron's exit from India.
Five years ago, the power company announced its intention to invest $10
billion in India. Enron's projects then included a string of power plants, a
5-million-tonne LNG project, an LNG pipeline from West Asia to India, besides
an optic fibre broadband network in Maharashtra. Its oil and gas subsidiary
recently announced its exit from all the oil blocks it had an interest in.
The future of MetGas, the LNG terminal project which was to supply a large
chunk to Dabhol phase II, remains unclear. Though DPC officials have denied
this, work on MetGas too, after the initial construction work, seems to have
been put on the backburner.
Industry sources argue that, given the controversy over DPC's high price for
power and the state government's insistence on renegotiating the power
purchase agreement (PPA), Enron may find it difficult to get a buyer.

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

Gas Diversification: Long-term Contracts are not the Best

04/20/2001
Polish News Bulletin
Copyright (C) 2001 Polish News Bulletin of the British and American
Embassies; Source: World Reporter (TM)

No longer being only a consumer of gas, Poland will increasingly become a
transit country, which will greatly increase the security of supplies. The
construction of the second line of the Russia-Europe pipeline through
Poland's territory has to a large extent been already decided. It is also
necessary to create stronger direct links between Poland's gas transit system
and EU systems to ensure better access to the EU's physical and financial
short- and medium-term futures market, wrote Jarek Astramowicz, chief
executive of Enron Poland, a subsidiary of the US energy group, in a recent
issue of Rzeczpospolita.
The plans of extending the existing inter-system links and creating new ones
make it possible to give a more balanced assessment of the optimal level of
long-term direct gas supplies, and the level of diversification of supplies
ensuring the country's energy security. Only the execution of these plans
will make it possible to satisfy Poland's demand for gas in the most
flexible, diversified and cheapest way. On the other hand, new, rigid
long-term contracts for the direct supply of gas from other sources (such as
those negotiated now by PGNiG with Norway's GFU and Denmark's DONG) will not
ensure even the lowest level of flexibility - and that is necessary because
the actual level of future demand for gas remains unclear. Long-term
contracts are the most expensive way of satisfying gas demand, something that
Poland cannot afford. A solution in which Poland buys from different
directions and from many suppliers also enables the buyer to achieve a
stronger negotiating position, wrote Astramowicz.

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

Enron Dumps Romania Venture.

04/20/2001
The Oil Daily
(c) 2001 Energy Intelligence Group. All rights reserved.

Enron Capital BV, a unit of energy group Enron, has given up a marketing deal
with Romania's state oil company SNP Petrom by assigning its stake in a gas
joint venture to SNP, officials said Thursday. Enron agreed to freely
transfer its 50% stake to SNP, SNP's Gabriel Nastase said. Enron left the
venture after it was unable to handle gas imports for SNP as planned.
Petrom-Enron Gas SRL was created in 1998 as a 10-year joint venture, with the
two firms each owning 50%. Nastase said Enron had complained that it could
not get access to Romania's national gas transport pipelines to handle the
planned imports. He said SNP is seeking a new partner to replace Enron in the
venture, but gave no other details.
(c) Copyright 2001. The Oil Daily Co.
For more infomation, call 800-999-2718 (in U.S.) or
202-662-0700 (outside U.S.).

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

Energy Services Firms, Utilities Continue to Log BigQuarterly Earnings.

04/20/2001
The Oil Daily
(c) 2001 Energy Intelligence Group. All rights reserved.

Integrated utilities and midstream natural gas/energy services companies are
doing quite well with or without large trading and marketing operations. Duke
Energy, Kinder Morgan Inc. (KMI), and Kinder Morgan Energy Partners (KMP)
continued the earnings growth trend established earlier this week by Dynegy,
Enron, and Reliant Energy, coming in with double-digit increases in profits
(OD April18,p5).
- Duke: Recurring earnings climbed 50% to $550 million (73?/share) on
revenues of $16.5 billion from recurring earnings of $388 million (53?/share)
on revenues of $7.3 billion a year ago. Earnings applicable to common shares
were $454 million (60?/share), up from $388 million. Earnings from regulated
electric utility and interstate natural gas pipeline operations still exceed
those of unregulated field services, trading and marketing, and international
ventures, but the growth in both profits and revenues clearing is coming from
the latter sectors. Wholesale electricity volumes exceeded 56.9 million
megawatt hours, up from 50.4 million MWh. Marketed natural gas, including
wholesale and field services volumes, rose to 15.2 billion cubic feet per day
from 12.5 Bcf/d. Duke is a major independent electricity supplier to
California. The company said it has managed the level of questionable
receivables from buyers there to a lower level and has not added to the $110
million reserve previously established against potential bad debts.
- KMI: An asset transfer to affiliate KMP held KMI's earnings increase to a
relatively modest 15% and also reduced revenues. Recurring income was $56.8
million (47?/share) on revenues of $347.5 million, compared with earnings of
$46.3 million (41?/share) on revenues of $480 million a year ago. Earnings
applicable to common shares for the first quarter of 2001 were $44.7 million
(37?/share), reflecting a charge for the early extinguishment of
high-interest debt. Chairman and Chief Executive Rich Kinder said the company
is on track for 50%-60% growth in second-quarter results. Increased cash
distributions from KMP and continued expansion of KMI's electricity business
are behind the improved outlook.
KMP: Acquisition of Kinder Morgan Texas Pipeline from KMI, full ownership of
the carbon dioxide business, and improvements in the products pipeline sector
were the major contributors to a 71% jump in first quarter-results, but all
business lines reported better performance. The pipeline limited partnership
had net income of $101.2 million (89?/share) on revenues of $1 billion,
dramatically higher than the year-ago earnings of $59.6 million (63?/share)
on revenues of $157.4 million.
Barbara Shook.
(c) Copyright 2001. The Oil Daily Co.
For more infomation, call 800-999-2718 (in U.S.) or
202-662-0700 (outside U.S.).

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

USA: ICE power, gas trading volumes soar.

04/19/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, April 19 (Reuters) - IntercontinentalExchange (ICE) continues to
enjoy rocketing volumes in power and natural gas trading on its
Internet-based platform, but activity in options and oil products is falling,
the company said Thursday.
In addition, growth in crude oil and precious metals trading volumes has
levelled off in the past month, said ICE, which is in merger talks with
London's International Petroleum Exchange (IPE).
ICE hosts 'over the counter' (OTC) trading - trading done outside regular
exchanges - of derivatives in crude and refined oil products, natural gas,
power and metals.
Power volumes have risen from about 0.4 million megawatt hours (Mwh) per day
in December to 2.8 million Mwh per day in April. The most liquid hub is
Cinergy, with almost 11 million Mwh traded last week, according to a
newsletter published on the ICE Web site.
After hovering at dismal levels between December and February, natural gas
trading also shot up on ICE, reaching almost 60 million MMBtu per day in
April, the exchange's data showed.
Options trading ran the opposite course, peaking in late February at above
$20 million in daily notional trading and then slumping to about $10 million
a day in April. The most traded were Brent crude options, which approached 3
million barrels last week.
Oil products trading is also off its heyday. After more than doubling between
December and February to about 2 million barrels per day (bpd), trading eased
off to around 1.5 million bpd. The most traded products are gasoline and fuel
oil swaps, as well as gasoline and gasoil/heating oil cracks.
Crude oil volumes on ICE were mostly stagnant at about 3.5 million bpd during
the last month after rising from less than 2 million bpd late last year. The
most active products were crude grade differentials, trading more than 11
million barrels last week.
Precious metals trading also leveled off in the past month at around 275
million ounces per day. The most traded last week was sliver, with more than
5 million ounces.
At the end of March, ICE total notional volume reached $70 billion since its
inception last year. That is an average of about $350 million, a tenth of
that of EnronOnline, where Enron is on one side of every transaction.
Last month, ICE set new records of 19 million barrels of oil, 97 billion
cubic feet of natural gas and 4.6 million megawatt hours of power for daily
trading on its system.
On the New York Mercantile Exchange, trading regularly exceeds 400 million
barrels of crude in a day.
Oil majors BP Amoco , Royal Dutch/Shell and TotalFinaElf joined international
banks to establish ICE last year, with several U.S. power companies joining
the consortium later in 2000.
ICE has put in a $65 million share-swap bid for IPE to better position itself
for competition with enymex, the Internet exchange the New York Mercantile
Exchange (NYMEX) will launch in the second quarter, according to reports.

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

Enron Renews Efforts to Sell Stake in Indian Unit, Paper Says
2001-04-19 23:07 (New York)

     Mumbai, April 20 (Bloomberg) -- Enron Corp., the world's
largest energy trader, has renewed efforts to sell part of its
stake in its Indian unit, the Business Standard reported, citing
investment banking sources it didn't name.
     Enron, which owns 65 percent of Dabhol Power Co., has been
embroiled in a dispute with Maharashtra state over the cost of its
power and non-payment of bills.
     The Maharashtra State Electricity Board, Dabhol's only
customer, hasn't paid 3 billion rupees ($65 million) for power
generated by Dhabol, the paper said.
     Enron's, $3 billion, 740 megawatt-a-year project, is the
biggest foreign investment in India. The project faced numerous
delays and at one point was canceled after a change of state
government. Enron revived it after agreeing to cut power prices by
22 percent and sell a 30 percent stake to the state.
     Enron last year named Credit Suisse First Boston Inc. to try
to find a buyer for 15 percent of Dabhol, but was unsuccessful.


I agree with your proposal.  Please communicate with Mark Holsworth.  Mark

	Michelle Cash
	04/11/2001 11:33 PM

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

Mark,

As a practical matter, I believe that it will be difficult to maintain an
updated inventory of confidential information on an ongoing basis.  That
conceivably could be someone's full-time job, given the vast amount of
confidential and proprietary projects at issue just within EWS.

I do agree that we need to put some protocols in place with regard to how
Enron handles different levels of confidential information (including trade
secrets).  Rather than have an ongoing commission guided by outside counsel,
I would suggest that Pete, Scott Tholan, the IT security team, internal
corporate security, as well as legal subject matter experts get together to
put forth guidelines on how information should be retained and protected.
Those guidelines would describe the type of information at issue and the
corresponding security measures to put in place to protect that material.
For example, trading positions and curves would have one standard for access
and disclosure, while personnel information would have a different one.  The
benefit to this approach is that we can set the guidelines and manage on a
periodic basis to make sure that they are followed, rather than create
updated inventories.

It also presumably would save on outside counsel fees.  I would not view this
type of approach as requiring much, if any, assistance from outside counsel.

Let me know your thoughts.

Michelle

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

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

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

	Mark E Haedicke
	04/11/01 03:00 PM

		 To: Michelle Cash/HOU/ECT@ECT
		 cc: Mark Holsworth/Enron@EnronXGate
		 Subject:

How would we do this efficiently in EWS?  Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 04/11/2001 02:58 PM -----

	Mark Holsworth/ENRON@enronXgate
	04/10/2001 11:21 AM

		 To: Mark E Haedicke/HOU/ECT@ECT, Drew Fossum/ENRON@enronXgate, Kristina
Mordaunt/Enron Communications@Enron Communications, Vicki Sharp/HOU/EES@EES
		 cc:
		 Subject:

  Pete Van De Gohm of EES has again raised the topic of inventorying our
trade secret protection which has been discussed from time to time.  I have
visited with Jim Derrick about having a legal/business committee representing
your major groups.  It would function in a similar manner as our Y2K
committee did.  We would have Fulbright & Jaworski give our people general
instructions, our business people would canvass our companies to determine
what we considered proprietary trade secrets and if we were not protecting
our proprietary information appropriately, we could address that issue.
Fulbright could also be used on an ad hoc basis.   Costs would be shared
proportionately between the major groups except special fees attributable to
a specific operating group.

  I believe we need this inventory.  If we try to enforce our non-competition
agreements and we can't prove that we kept such information on a need to know
basis and properly secured, we could lose the law suit.

  Jim asked that I contact each of you regarding this to see if you were in
agreement with the proposed plan.  Please respond as soon as possible if you
agree so we can get the project off the ground.


Dear Joe,  We're going to make it through the winter - the North American Electric Reliability Council released its Winter Assessment on Tuesday, reporting that generating supply should meet or exceed estimated energy consumption.  The Washington bureau will take a closer look at the assessment on Wednesday.   On Wednesday, Interior Secretary Gale Norton talks about the upcoming Lease Area 181 sale.  Secretary Norton believes there's still great interest in the sale despite the reduction in size of the lease area.  The sale is scheduled to take place in New Orleans on December 5.   The FERC announced sweeping changes on Tuesday in how it looks at the issue of market power.  The changes could have a big impact on major power generators.  We'll have reaction from the Washington bureau on Wednesday from Megawatt Daily Editor Michael Lustig and Electric Power Supply Association President Lynne Church.  Lustig joins us during the 9:00 a.m. ET newscast and Church is stopping by at  10:00 a.m. ET.   ENL's Kym McNicholas will also have reaction to Tuesday's FERC ruling.  On Wednesday, she'll bring us comments from Mirant, the California Department of Water Resources and the California ISO.  And during the 1:00 p.m. ET newscast, Independent Energy Producers Association State Policy Manager Katie Kaplan will join us from the West Coast bureau to give us her take on the FERC's actions.   Texas Natural Resource Conservation Commission Regional Manager Leonard Spearman is stopping by the Houston bureau on Wednesday. He'll talk about the TNRCC's role in strengthening homeland security at Texas petrochemical plants and refineries.  Catch the Spearman interview during the 3:00 p.m. ET newscast tomorrow.   The Houston bureau will also bring us a new twist in the search for alternatives to MTBE.  Chris Paschall of Industry Information Resources will talk about the possibility of making ethanol out of wine vines - potential good news for California.  Join us from Houston on Wednesday.   Broadcasting Note: Reminder - since the markets are closed, we'll be dark on Thursday and Friday.   Wrap Note: We're adding some of the day's commodity settles to the Wrap.  Here you go!   Closing Prices for Nov. 20, 2001:   Crude:  $19.15  Unleaded:  $.5281  Heating Oil: $.5376  Natural Gas: $2.852   Keep in mind things are subject to change at a moment's notice. Occasionally guests have to cancel or change time slots.  We'll continue to do our best to keep you updated on future interviews and events.     Be sure to watch our newscasts every business day - 9 a.m. to 5 p.m. ET, at the top of each hour.

	 	Jay Rickerts, EnergyNewsLive.com Anchor  View today's Energy Wrap Video Windows Media Player: 56K  |  100K  |  300K  Real Player: 56K  |  100K  |  300K  (Requires Windows Media Player or Real Player )   Experience all that Williams Energy News Live has to offer!   If you are receiving this letter for the first time and wish to continue, subscribe now    To stop receiving this letter, unsubscribe now    If you are having trouble receiving this e-mail, please let us know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Comments? Suggestions? Let us  know  or  call (800) WILLIAMS (800-945-5426) weekdays, 7am-7pm CST.    Copyright 2001 Williams Energy News Live, LLC. All  Rights Reserved.


We can try - an we'll ask the planners to put that in the design.  But Mark
H. has indicated a desire to get rid of as many of the tall walls as possible
and he approves all of the construction requests personally, so we may not
succeed.

	Suzanne Adams
	01/05/2001 12:10 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Dina Snow/Corp/Enron@Enron
		 Subject: Dina's new location

Mark, Dina told me that she will be sitting in the space that's now a file
room for Linda Guinn.  We would both like the high wall that separates us
left up if possible.   Do you think that would be possible???????


I received from the TNRCC an NOV letter for the above facility for failure to
submit an emissions inventory for 2000.  This notification from the agency
originally came to Rick Loveless by way of Wayne Brunette.  I called the
TNRCC and spoke to Kevin Cauble concerning the NOV and he pulled the
emissions inventory submitted in 1999 for the facility.  Because VOC's are
the issue, I asked him what the emissions were for VOC's on the 1999
inventory.  Kevin stated that the inventory showed VOC emissions of 19.50
tons/yr actuals and 33.56 tons/yr potentials.  We discussed why EOTT would
submit an inventory as it is not a major source and not required to.  The
only thing we could come up with is that EOTT may have anticipated an
increase in throughput at this site and therefore, wanted to ensure that this
facility was shown as a title V source.  According to the phone records from
the TNRCC for this facility, Craig Willoughby of Entrix had  requested that
the faciltiy be kept on the list of facilities required to do inventories.  I
have a call into EOTT to determine whether increased throughput is proposed
for this facility in the near future.

In speaking with Kevin, he suggested that if a determination is made that if
there is to be an increased throughput that wont exceed the 100 ton/yr limit
on VOC's, or that throughput conditions remain approximately consistent with
previous years, EOTT should provide written notification to the agency that
this facility does not meet the applicability requirements of 101.10
(emissions inventory requirements) and request that this facility be removed
from the TNRCC mailings. Should EOTT confirm the status of operating
throughput to be below the 100 ton/yr VOC emissions limit, I will make make
written notification to the TNRCC requesting removal from the list.


MEDIA ADVISORY

December 12, 2001

Power Surge on IntercontinentalExchange As New Record Is Set
ICE trades 16.7 million megawatt hours on Tuesday

Atlanta, GA (December 12, 2001) IntercontinentalExchange, one of the world's
most liquid and fastest growing commodity marketplaces, announced today that
ICE set a new single day North American power trading record of 16.7 million
megawatts on Tuesday, December 11, 2001, breaking the previous record by
more than a million megawatt hours.

Moreover, recently launched additions to the ICE power market contributed to
that record volume including power for delivery into AEP and into Southern
hubs as well as hourly, off-peak, and weekend power markets at several hubs
in the West and the East.

The past few weeks, ICE has experienced strong trading activity across the
board with a daily record for gas trading set on December 4th and oil,
precious metals, weather derivatives and emissions allowances also showing
continuous growth.

Digital traffic, i.e. the number of bids, offers and price changes on the
system, is still at a high and the new user requests continue to come in at
a rapid rate.

About IntercontinentalExchange

IntercontinentalExchange is one of the world's most liquid and fastest
growing commodity marketplaces, owned by over 100 of the world’s leading
energy and metals traders, brokers and bankers.

The ICE electronic trading system is installed on over 8,000 desktops
worldwide from which traders log on each day of the business week to trade
more than 600 listed commodity and derivative contract types.  Broadly,
these include crude oil and refined products, natural gas, power, precious
metals, weather derivatives and emissions allowances.  Contract forms
include physical delivery as well as financially settled swaps, spreads,
differentials and options based on a variety of fixed and floating price
indices.

Based in Atlanta (and with offices in New York, Houston, Chicago, London and
Singapore), ICE is taking the technological revolution that occurred in
international financial markets and extending it into global commodity
markets.

IntercontinentalExchange is the owner of the International Petroleum
Exchange of London (IPE), Europe’s leading energy futures and options
exchange.  The IPE provides highly regulated open outcry and electronic
marketplaces where industry participants use futures and options to manage
their price risk exposure in the physical energy market.

Products traded on IPE include Brent Crude futures and Options, Gas Oil
futures and Options, Natural Gas futures and Electricity (baseload) futures.

For more information about IntercontinentalExchangeTM, please visit the
website at www.intcx.com.  More information about IPE can be found at
www.ipe.uk.com.

###

Contact:
Dorien van Boven, JoAnn Healy - Trimedia Inc.
Tel. (212) 888-6115 x231 x 226
dorien@trimediapr.com, joann@trimediapr.com


yes.

	Becky Spencer
	03/13/2001 08:47 AM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Joke for Monday, March 13th?

Cute!  By the way, the name of that other book from Patricia Cornwell is
"Southern Cross".  Have you read that one?

	Dan J Hyvl
	03/13/2001 07:17 AM

		 To: Kaye Ellis/HOU/ECT@ECT, Becky Spencer/HOU/ECT@ECT, Pat
Radford/HOU/ECT@ECT
		 cc:
		 Subject: Joke for Monday, March 13th?

CATS AND DOGS
-Submitted by Patricia
____________________________________________?

What is a Cat??

1. Cats do what they want.?
2. They rarely listen to you.?
3. They're totally unpredictable.?
4. When you want to play, they want to be alone.?
5. When you want to be alone, they want to play.?
6. They expect you to cater to their every whim.?
7. They're moody.?
8. They leave hair everywhere.?

CONCLUSION: They're tiny women in little fur coats.?

What is a Dog??

1. Dogs spend all day sprawled on the most comfortable piece of?
furniture in the house.?
2. They can hear a package of food opening half a block away, but?
don't hear you when you're in the same room.?
3. They can look dumb and lovable all at the same time.?
4. They growl when they are not happy.?
5. When you want to play, they want to play.?
6. When you want to be alone, they want to play.?
7. They leave their toys everywhere.?
8. They do disgusting things with their mouths and then try to?
give you a kiss.?
9. They go right for your crotch as soon as they meet you.?

CONCLUSION: They're tiny men in little fur coats.


Shona,

I forwarded Form A to Raj, here is the back-up/reconciliation if you need it.


Things have definitely been difficult over here. In truth, I may have underestimated how prepared our systems and the folks in our group were to move dramatically greater volumes. We are moving through a period of adjustment and should be back on track by tomorrow.
So Kate probably is not any more stressed out than anyone else. She probably just shows it a bit more.
We shouldn't be holding you guys back too much longer.

My apologies for the delay.
Bill

 -----Original Message-----
From: 	Dunton, Heather
Sent:	Wednesday, August 22, 2001 10:20 AM
To:	Williams III, Bill
Subject:	question

Is Kate very stressed out lately?
I have just noticed that she is constantly angry - how are things going over there?


We would like to hold a 1/2 day offsite either on Wednesday, May 23 or
Thursday, May 24.  Please let me know what your preference would be.

Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


India: Enron aftermath

   Business Line - 02/21/2000

   Abhay Mehta

   Copyright (C) 2000 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

   Power Play

   A Study of the Enron Project

   * Publishers: Orient Longman, New Delhi * Price: Rs. 195

   THE Enron power project at Dabhol in Ratnagiri district of Maharashtra has
been mired in nationwide controversy ever since the
   inception of the project proposal in 1992; and the sordid tale ends only
in 1997, with the Supreme Court of India refusing to even
   admit an appeal against the Bombay High Court decision, of December 1996,
which while commenting that "This case has
   highlighted to the people as to how even after 50 years of Independence,
political considerations outweigh the public interest and
   the interest of the State and to what extent the Government can go to
justify its actions not only before the public but even before
   the courts of law" - yet dismissed a public interest petition against the
project on the (purely technical) ground of res judicata, even
   though new facts, new arguments, new evidence of the violation of the laws
of the land had been advanced by the petitioners.

   The fact that the fresh violations of the law were not even considered and
recorded, despite the petitioners adducing the required
   evidence, can only be termed as strange, perhaps bizarre.

   Abhay Mehta's simple, factual documentation - in fact a chronological
narration - of all events, including the process of bending all
   rules, of subverting the law for promoting a project involving
unparalleled future liabilities for Maharashtra, indeed for the whole of
   India - is not only masterly, it is devastating.

   It is a short, pithy book which deserves to be read from cover to cover by
all thinking citizens of this country. Barring the
   concluding chapter, the epilogue, there are no personal comments, only
facts, disseminated from the original papers, mostly 'secret'
   documents.

   All documentation has been carefully, faithfully recorded, including
extracts from supposedly 'top secret' minutes of cabinet
   committee meetings; and the specific violations of the law (which were
opposed by a few public spirited civil servants, much to
   their disadvantage) have been pointed up. Apart from an introductory
'Primer on Electricity' - introduced for the benefit of the
   layman, explaining some technical issues relating to electricity
generation, transmission and distribution - and the background of the
   events of 1991, the foreign exchange crisis, and the aftermath of the
crisis, the other fifteen chapters, three appendices and fourteen
   annexes of the small book (of 226 pages) packs in an enormous volume of
factual information. The strange saga of the Enron
   project, and the sheer magnitude of the future problems this one single
project poses for the country, need to be briefly recounted
   here, for essentially, it is the coming generation which would have to
face the problem.

   The MSEB has contracted to buy - and if not used, to pay for - 2000 MW of
electricity (for a period of 20 years) from the
   Dabhol Power Company (the legal entity set up by Enron, as an unlimited
liability company registered in India, through a maze of
   intricate crossholdings of equity by half a dozen or more 'front'
companies registered in various tax-free havens.

   Abhay Mehta has indicated the total payments to Enron over 20 years amount
to $ 35 billion (at 1998 exchange rates, around Rs.
   1,25,000 crores) over the life of the project. One must record that: (a)
crude oil/oil product prices have as of writing, more than
   doubled since the above calculations were made. A per the 'doctored'
figures presented by the company (and its advocate), the
   charge per unit of electricity supplied, at the 1998 level of prices, was
to 4.39 cent (per unit) as 'capacity charge' and 3.43 cents
   (per unit) for 'energy costs'.

   The former is indexed to the US inflation rate, and the latter to
international fuel prices. The former may be assumed to have gone
   up only marginally (rounded to 4.4 cents per unit); we know that fuel
prices have more than doubled internationally over 1999.
   Assuming the 'fuel costs' to have increased less than 100 per cent - even
though international prices have more than doubled - we
   may assume (for 1999) energy costs of 6.85 cents per units, making for a
total payment of 11.25 US cents per unit of electricity
   supplied by the Dabhol Power Company (DPC) to MSEB in late 1999, in Phase
I of the project.

   Within another two years, at 2000 MW, the annual offtake (for 365 days X
24 hours/day) would be 17.52 billion KWH; and at
   11.25 cents per unit, the total payment amounts to $1.97 billion annually;
for 20 years, this workout to $ 39.4 billion.

   This is not counting any further inflation in either energy costs or
capacity charge. At today's exchange rate - about Rs.43.5 per US
   dollar - in rupee terms this works out to wore than Rs. 175,000 crores (as
compared to Rs. 125,000 crores indicated by Abhay
   Mehta). This is the cost to MSEB in rupee; and to the country in foreign
exchange as payment to just one project authority, for
   supply of part of the power required in Maharashtra.

   The really significant point to note in this connection is that this
payment - and considerably more, depending on (a) future increase
   in'capacity charges' depending on US inflation rate, and international
prices of LNGaphtha (for 'fuel costs'), and (b) depreciation of
   the exchange rate of the rupee vis-a-vis the US dollar - is obligatory;
the assets of the MSEB, the Maharashtra government
   indeed, all assets of the Government of India (present and future) are
mortgaged to Enron, by way of sovereign guarantees
   extended by both governments.

   The other significant point in this connection is that - as predicted by
all independent Indian experts as well as the World Bank -the
   Enron project he forced the MSEB to cut its offtake of Tata Electric
Company's and its own much cheaper thermal power
   already; in a postscript dated August 1999, Abhay Mehta has indicated that
already, the MSEB had stopped buying between 200
   and 250 MW of power from Tata Electric (available at Rs. 1.80 per unit)
and has had to backdown its own Chandrapur thermal
   power station (cost of this power being Rs. 1.20 per unit), while forced
to buy more expensive Enron power at Rs. 5 per unit.

   The loss to MSEB on this count alone comes to Rs. 460 crore per year.

   This had in fact, been predicted earlier even by the World Bank.

   It is pointless here to go into the details of how precisely all this was
contrived, by a deliberate campaign of 'disinformation', of
   blatant lies, of sidelining of expert opinion, not only of independent
experts but also the GOI's own official advisers in this matter,
   namely, the Central Electricity Authority as well as that of the World
Bank, which was resolutely opposed to this project. The
   detailed facts, the letters exchanged in the above context, the pressure
tactics adopted, the flouting of all procedures norms, even
   statutory provisions of the Electricity (Supply) Act, are all carefully
documented by Abhay Mehta.

   Mehta correctly concludes: "We frequently blame external agencies - like
the World Bank - for all our problems, when, as a
   matter of fact, we ourselves are our own worst enemies. In the instant
case, the World Bank not only advised the Government of
   India against the project, it stood resolutely firm in its assessment of
the total inadvisability of this project. In fact, one must note
   here that in 1996, neighbouring Pakistan, which had entered into a
somewhat similar MoU with Enron, cancelled the project (and
   the Power Purchase Agreement with Enron), for a $ 670 million, 782 MW
residual oil-fuelled power plant, even though that
   Agreement had stipulated Enron power supply at a fixed rate of 6.4 US
cents per KWH over a 30 year period. (Note the
   estimated rate of 11.25 cents per KWH for Dabhol power for the MSEB in
December 1999, which works out to around Rs. 5
   per unit).

   One could go on; but one must leave the reader to go through Abhay Mehta's
crisp, factual, matter of fact narration of the Enron
   saga, and switch over to the point made by him in the epilogue to the
story, about 'The Next Round of Scams'.

   For quite some time, the ruling elite in India has been intent on
'privatising' all public enterprises; and even 'utilities' are no
   exception. The 'unbundling' of infrastructure with a view to privatisation
of all the 'profitable' segments. All this - as per the current
   'disinformation campaign' - is supposedly in the interest of
rationalisation and greater efficiency of poorer supply.

   The author has referred in this context to the acquisition from the
Government - by the Torrent Group - of the Ahmedabad and
   Surat Electricity companies at less than one-tenth of the market value of
the assets of thee facilities. Again, much like the Enron
   saga, all objections by the Finance Department of the Gujarat government
were overruled.

   And, Abhay Mehta has predicated that this onslaught - the break-up of
power utilities into three segments, generation, transmission
   and distribution, - with a view to their privatisation is likely to be the
new thrust by the ruling elite, for reasons that do not require to
   be spelt out.

   Though Mehta had the examples of the Torrent Group takeover of Ahmedabad
and Surat Electricity companies, and of the break
   up of the Orissa State Electricity Board before him, yet his statement can
be stated today to be prophetic; the UPSEB is now on
   the firing line. The recent strike by the workers and engineers of the
UPSEB in protest of the announced UP government decision
   to trifurcate the UPSEB; and the Union Minister of Power, Mr. Rangarajan
Kumaramangalam's statement that the UPSEB is a
   loss making, inefficient unit and that privatisation of the facilities
after the trifurcation - need to be noted.

   That 40 per cent of the dues of the UPSEB are from the UP Government; that
tariffs for UP electricity supply are fixed by the UP
   government and not by the UPSEB; that the UPSEB does not have the cash
even for routine maintenance as a result of the above
   - these are facts that nobody is prepared even to consider. That the
remedy for UPSEB lies in a different kind of reform and
   restructuring, is not even to be debated. The whole idea is to privatise
the profitable segments, and to leave the public sector entity
   with all the problem areas, including rural energy supply. It is against
this background that Abhay Mehta's book needs to be widely
   disseminated, read, and its implications understood.

   What is at stake is not a 'utility' here or a PSU there. What is at stake
is the future of some 80 per cent of the have-nots in this
   country.

   What is at stake is the 'pillory' of the assets of the nation for private
aggrandisement.

   Arun Ghosh


Everything's back except:

 PROCESSING

TW/27745	WGR		6/02-5/17		10,000/d	Bloomfield to Thoreau	Routing 10/30

TENDERED

TW/27420	WTG		11/01			1,580/d	Increase MDQ			Tendered 10/31

TW/27641	PPL		6/02 or In Service	20,000/d	Switch RP volumes		Tendered 10/26

TW/27641	PPL		6/02			20,000/d	Switch RP volumes		Tendered 10/26

TW/27649	PPL		6/02 or In Service	7,500/d	Switch RP volumes		Tendered 10/26


Hub P&L   $830,002

we're still working on the yankee gas deal, so the transport book is not done yet.

Alejandra

-----Original Message-----
From: Keavey, Peter F.
Sent: Wednesday, October 17, 2001 8:52 PM
To: Chavez, Alejandra
Subject:

No numbers ??


Folks-
here is a summary of yesterday's meeting from Barbara.

Thanks,
Delaney

 - Summary of Tuesday 5 pm Meeting on DWR contracts.doc


Amanda,

Can you put this file in the appropriate directory, and create the necessary
link under the "Testing" tab of the fundamentals website.  It should be
called Kern Expansion Economics".  I don't have a description yet (and I'm
still working on the other one I owe you).  Let me know if you have any
questions.  Thanks.

Mat


Please plan to attend a meeting tomorrow afternoon from 2-3 pm in Conference
Room 37C1 regarding Verifying Transaction COunt.

Brenda has left each of you a voicemail detailing the goal of this meeting.

Thank You!
Yvette
x3.5953


-----Original Message-----
From: 	"Travis Kelley" <tkelley5@austin.rr.com>@ENRON [mailto:IMCEANOTES-+22Travis+20Kelley+22+20+3Ctkelley5+40austin+2Err+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, September 10, 2001 4:35 PM
To:	Scott, Susan M.
Subject:	Fw: words on A&M......

Sue- Have you seen this?  Thought you might get a kick out of it!  Kathy
----- Original Message -----
From: "theparks" <theparks@ev1.net>
To: "travis" <tkelley@totalaccess.net>; "the fells" <smjf@aol.com>; "maryc"
<marychen@twsco.com>; "kathy" <tkelley5@austin.rr.com>
Sent: Monday, September 10, 2001 3:32 PM
Subject: FW: words on A&M......

> This is funny if you have time to read it!
>
> -----Original Message-----
> From: daniel gustafson [mailto:dgustafson@anational.com]
> Sent: Monday, September 10, 2001 1:25 PM
> To: theparks@ev1.net; britking@yahoo.com; jharvey@jw.com;
> mahemail@yahoo.com; tahoeparks@sierra.net; robertgeller@compuserve.com;
> Ted_Kennedy@agfg.com; Tionewton@aol.com; TippettsD@WEMED.COM;
> todd.dunn@tartantextile.com; tspencer@mlrpc.com;
> Steven.K.McCann@ENRON.com; RSkloss@brobeck.com; dsglenn@swbell.net;
> duncan.rhodes@elpaso.com; rickflume@hotmail.com; pedrozv@aol.com;
> johnh6565@aol.com; dbryan1@elp.rr.com
> Subject: Fwd: words on A&M......
>
>
>
> >From: Tionewton@aol.com
> >Date: Mon, 10 Sep 2001 11:31:55 EDT
> >Subject: Fwd: words on A&M......
> >To: dgustafson@anational.com
> >X-Mailer: AOL 6.0 for Windows US sub 10539
> >
> >
> >Return-path: <TEXASKEW@aol.com>
> >From: TEXASKEW@aol.com
> >Full-name: TEXASKEW
> >Message-ID: <9f.1afa39a8.28ce2e48@aol.com>
> >Date: Mon, 10 Sep 2001 10:55:04 EDT
> >Subject: Fwd: words on A&M......
> >To: Tionewton@aol.com
> >MIME-Version: 1.0
> >Content-Type: multipart/mixed;
> boundary="part2_c4.1a7b2bc0.28ce2e48_boundary"
> >X-Mailer: AOL 6.0 for Windows US sub 10535
> >
> >
> >Return-Path: <Claude.Koontz@chase.com>
> >Received: from  rly-yh01.mx.aol.com (rly-yh01.mail.aol.com
> >[172.18.147.33]) by air-yh05.mail.aol.com (v80.17) with ESMTP id
> >MAILINYH56-0910104757; Mon, 10 Sep 2001 10:47:57 -0400
> >Received: from  emappx12.net.tid.chase.com ([170.148.48.205]) by
> >rly-yh01.mx.aol.com (v80.17) with ESMTP id MAILRELAYINYH12-0910104725;
> >Mon, 10 Sep 2001 10:47:25 -0400
> >Received: from EMAMPE13.notes.chase.com (unverified) by
> >emappx12.net.tid.chase.com
> >  (Content Technologies SMTPRS 4.1.5) with ESMTP id
> > <Taa9430d355e8218824@emappx12.net.tid.chase.com>;
> >  Mon, 10 Sep 2001 10:45:31 -0400
> >Subject: Fwd: words on A&M......
> >To: WILLIAM.AHERON@chase.com, "Dennis, Matt W"
<Matt_Dennis@AIMFUNDS.COM>,
> >         Luis Garcia <luis@garcialks.com>,
> >         Frank Hall <Frankh@doctorandpatient.com>, DAVID.KEY@chase.com,
> >         warren knight <wak@accesscom.net>, Luis.Ricardo.Leon@chase.com,
> >         edward lindsay <edwardlindsay@compuserve.com>,
> Carlos.Sole@enron.com,
> >         TEXASKEW@aol.com
> >Cc: ckk@texas.net
> >From: Claude.Koontz@chase.com
> >Date: Mon, 10 Sep 2001 09:41:04 -0500
> >Message-ID: <OFB03493D5.5773D192-ON86256AC3.004C504D@notes.chase.com>
> >X-MIMETrack: Serialize by Router on EMAMPE13/CHASE(Release 5.0.7 |March
> >21, 2001) at 09/10/2001
> >  10:39:48 AM
> >MIME-Version: 1.0
> >Content-type: text/plain; charset=us-ascii
> >X-Mailer: Unknown (No Version)
> >
> >
> >
> >Fox Sports Show Host Jim Rome's Opinions on Texas A&M:
> >
> >1) They won't shut up. They have to go on about spirit, and old
> >army, and red ass, and how bonfire represents the burning sensation
> >they have in their urine to beat UT, and blah blah blah. Shut up.
> >You start to get the feeling the entire school was built to spite
> >UT.
> >
> >
> >2) Forget the fact that when the Texas Legislature back in the
> >1870's passed legislation to start a state university they also
> >decided to have a subsidiary branch of the main school (University
> >of Texas) that would teach agriculture and mechanics. Aggies love to
> >say their school is older, from where they get that I don't
> >now......the fact is, the State intended A&M to be a branch of UT.
> >They are like the afterbirth from the original creation. Like Danny
> >Devito in "Twins".
> >
> >
> >3) So they apparently have this complex, so much so, that they must
> >devote their entire school to trying to prove to UT that they are
> >just as good. All the while, nobody at UT denies that A&M is a good
> >school, yet they won't shut up. So they write a fight
> >song......about?....Texas, and how they want to beat them. They have
> >a Fish Camp for freshman where they tell them how bad Texas is and
> >how good A&M and all its traditions are. It is the world's largest
> >known case of penis envy, and it is manifested in everything A&M
> >does.
> >
> >
> >4) The people at A&M. Now we all have friends who went to A&M or are
> >at A&M. There are some nice people there. However...there is the
> >Corp. East Texas' answer to dreams of ROTC kids everywhere. For
> >every boy scout who never learned to stop playing with his GI Joe
> >Toys, there is the Corp.
> >
> >Now, forget the fact that A&M will actually let people with sub-par
> >grades enroll if they agree to join the Corp. Forget the fact that
> >the Corps looked like a Gestapo hate rally while beating down
> >students on Kyle Field in 1995. Forget the fact that along with the
> >numerous hazing charges that have been filed against them, and swept
> >under the rug over the years, they just this past month have had one
> >Corps member bring charges against another Corps member who
> >apparently had been propositioning others for a little actual
> >sodomy. Not only could I go on with more instances of idiocracy by
> >these Khaki-clad-shaven-headed-dorks, I am sure each of you have
> >your own stories.
> >
> >The point is: We all respect West Point, Annapolis, The Air Force
> >Academy; however, nobody respects the Corp. I imagine they are kind
> >of the laughing stock of the military world. Just because you dress
> >like the Army, and try and act like the Army, does not make you the
> >Army. People at A&M don't even respect these clowns. It is not cool
> >to shave your head and dress up.
> >
> >Halloween is only supposed to be one day of the year. If you want to
> >carry guns and beat up civilians, move to Israel.
> >
> >
> >5) It is even less cool to slobber on somebody's daughter on
> >national television and call it a tradition. Dry humping 18 year old
> >girls in the stands at football games is not cool. Not only is it
> >not cool, it should be against the law. I know that in College
> >Station, students are just prone to mount each other on the campus
> >lawn, or in the middle of class, or anytime anything good happens
> >you can just grab the girl sitting next to you and start sucking on
> >her face. But everywhere else in the world, it is looked down upon.
> >Especially if you are doing it on my TV. That is why we have moved
> >the game from Thanksgiving. Because people across the nation were
> >gagging on their turkey when in the middle of watching a football
> >game, some boy scout is tongue thrashing some overweight co-ed
> >during somebody's Thanksgiving dinner.
> >
> >We do not need to see burly women engaged in a suckfest every time
> >your woeful offense manages to put points on the board. Some of
> >these girls are in desperate need of a trip to the Clinique counter.
> >Screw that, forget make-up, it is too late for that, just give them
> >a veil.
> >
> >
> >6) "t.u." is not funny. It is NOT insulting. It is dumb. Just
> >imagine if folks from Texas kept talking about M&A and giggling.
> >That would not be funny. In fact, it would be retarded. That's why
> >UT fans don't do it. Please learn.
> >
> >
> >7) You want to lose the image of country bumpkins, of a people fond
> >of sheep, of people that aren't stupid? Then quit building things
> >that fall down.Quit chasing cheerleaders around with swords on
> >national TV. Quit whooping in church. Quit whooping period. Quit
> >putting up scoreboards for the enjoyment of dead mammals. Quit
> >spending your Friday nights practicing how to yell. Quit telling
> >rape jokes to reporters when you're running for Governor. When you
> >are filling out season ticket renewals, and the form asks for your
> >phone #, H & W, quit putting 258-3999, Height 6'3", Weight 185.
> >Just, collectively, stop making asses of yourselves. Go to East
> >Texas, tour every small town, and ask every red neck with a 5th
> >grade education why they cheer for A&M and wear maroon. That is your
> >fan base. This is why you are perceived by the educated masses as
> >stupid.
> >
> >
> >8) Nobody cares if you think your band is better. They might be
> >louder, they might march in neat little zig zags, but they have no
> >musical ability. The point is, nobody cares who wins halftime. Quit
> >getting geeked up about marching bands. I find it hard to believe
> >you stood through your high school band's entire halftime
> >performance. And why? Cause nobody cared then and nobody cares now.
> >Plus, you can hear them fine sitting down even if you do care. Why
> >is it cool all of a sudden now that you're in college?
> >
> >
> >9) Men should never let out high pitched whooping sounds. Perhaps
> >the only justifiable situation in which this can be tolerated is
> >perhaps during an anal probe. Oh wait...I understand now.
> >
> >
> >10) Dogs are not ladies. They don't look or smell like ladies. Dogs
> >eat their own feces and should be treated accordingly.
> >
> >
> >11) Finally, College Station is an arm-pit of a town. Quit
> >pretending that it is a great college town. It is a town and there
> >is a college there. That should be the end of this comparison. If
> >you feel that life doesn't get any better than the Dixie Chicken,
> >and enjoy being stuck in a never ending "Dukes of Hazard" episode,
> >then move there.
> >
> >More importantly, don't move to Austin.....they are trying to
> >create an educated, technological, and open minded population base.
> >Austin is, and will continue to be, the birthplace and final resting
> >place of all that is cool. As my friend Stephen Johnson once said:
> >"If the world were ever to get an enema, College Station is where
> >you would connect the hose."
> >
> >If you go to school at A&M, please don't be an Aggie.
> >
> >God Bless the Great State of Texas.
> >
> >
> >
> >_________________________________________________________________
> >Get your FREE download of MSN Explorer at
http://explorer.msn.com/intl.asp
> >
> >
> >
> >Do You Yahoo!?
> >Get email alerts & NEW webcam video instant messaging with Yahoo!
> >Messenger.
>
>


I will be out of the office after noon on Friday, June 9, headed to the hill
country to pick up one of my daughters from camp.  I will not attend the
Friday afternoon meeting.  You will be able to reach me on my cell phone,
713-417-1591, as needed during the afternoon.


i just had the whole it staff up here.

I just got two good tickets to Thursday's Astros/Yankees game


Thanks.  And thanks for the drink.

From: Suzanne Adams@ECT on 09/05/2000 11:12 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: GE Meeting Today

Everyone else is available.  I just talked to Sheila and she said to invite
Barto (which I just left him a vm).  She said the meeting could proceed and
Dieball could be filled in.  I'll let you know what I hear from Barto.

	Kay Mann@ENRON
	09/05/2000 11:09 AM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: GE Meeting Today

Is he availabe tomorrow?

Once you get a picture of availability (maybe you have it all ready), ask
Sheila what she wants to do. She may want to re-schedule for tomorrow morning.

Kay

From: Suzanne Adams@ECT on 09/05/2000 11:06 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: GE Meeting Today

Scott Dieball isn't available today.  Is he key, or should we try for
tomorrow?  I didn't know how urgent the meeting was.


-----Original Message-----
From:  Hayden, Frank
Sent: Tuesday, May 15, 2001 4:35 PM
To: Lavorato, John; Kitchen, Louise
Cc: Port, David; Gorny, Vladimir
Subject: COB 05.15.01 PNL Estimate

The gas desk lost $13MM. West desk made $56MM, financial desk lost $45MM.

East Power lost 10MM
West power lost approx 5MM

Frank


[IMAGE]

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 Player Updates?NFL Reports?
 Latest NFL Player News

 Troy Aikman , QB DAL - Free Agent Updated 12/11/00
 Aikman left Sunday's game against the Redskins with yet another concussion.
He looked dazed on the sidelines and is reportedly still suffering from
dizziness and other symptoms caused by concussions. With only two games
remaining in the season, don't be surprised if Aikman has seen his last snap
of the year - and maybe his career. Fantasy owners need to look elsewhere
than Dallas to find a quarterback worthy of starting during their playoffs.

 Ray Lucas , QB NYJ - Free Agent Updated 12/10/00
 Lucas replaced an injured Vinny Tesatverde (groin) in the third quarter of
Sunday's game at Oakland. Chad Pennington also saw action at QB in the game's
final quarter.

 Torry Holt , WR STL - Fear Updated 12/10/00
 On nine catches, Holt racked up 172 yards. With Kurt Warner returning to
form, Holt should be able to maintain a high level of play during the final
rounds of the Fantasy playoffs.

 Aaron Brooks , QB NO - Free Agent Updated 12/10/00
 Though he completed just 12 of 28 passes, Brooks passed for 203 yards with
two touchdowns and no interceptions, and also ran 11 times for 108 yards.
Brooks has suddenly emerged as a surprising two-way threat just in time for
the Fantasy playoffs.

 Jacquez Green , WR TB - Hunter Shively Updated 12/10/00
 The Tampa Bay wideout failed to record a catch against Miami. After some
early-season heroics, Green has proved he doesn't deserve to start on any
Fantasy team during the postseason.

 Vinny Testaverde , QB NYJ - Fear Updated 12/10/00
 With the Jets trailing 21-0, Testaverde injured his groin and was replaced
by Ray Lucas in the third quarter of Sunday night's game at Oakland. Lucas
threw an interception on his first drive and was briefly replaced by Chad
Pennington on the Jets' next possession before finishing the series.

 Brett Favre , QB GB - The Klap Updated 12/10/00
 The Packers' quarterback completed just 15 of 36 passes for 208 yards with
one touchdown, one interception and a lost fumble. If you advance to the next
round, you may want to sit Favre, who has run hot and cold during Green Bay's
recent resurgence.

 James Allen , RB CHI - Eric Bass Updated 12/10/00
 Topping 1,000 yards for the season, Allen ran for 97 yards and a touchdown
on 37 carries. He also caught a TD pass. Allen played well against the lowly
Patriots, but you still might not be able to consistently depend on him as a
Fantasy starter during the postseason.

 Darnell Autry , RB PHI - Martin Cuilla Updated 12/10/00
 Despite scoring the Eagles' initial touchdown, Autry ran for just 28 yards
on 10 carries. Newly-signed Chris Warren did not play, but Autry certainly
feels Warren's shadow looming over him and might see his playing time
seriously slip in the final two games.

 Ron Dayne , RB NYG - Martin Cuilla Updated 12/10/00
 The rookie back picked up just 20 yards on 11 carries. Don't trust him
during these important final weeks. Dayne has been much too inconsistent this
season.

 Emmitt Smith , RB DAL - Rocks Updated 12/10/00
 On 23 carries, Smith ran for 150 yards and a touchdown. Smith looked like he
was in his prime, evading tacklers, pushing them over and exploding away from
them. He still has the tools to be an integral part of a Fantasy title team.

 Michael Pittman , RB ARI - Martin Cuilla Updated 12/10/00
 On 11 carries, Pittman ran for minus one yard. If Jake Plummer continues to
battle injuries, opponents will tee off on Pittman. Thomas Jones also looked
good in garbage time and very well could see more playing time in the final
two games.

 Sean Dawkins , WR SEA - Free Agent Updated 12/10/00
 On six catches, Dawkins finished with 85 yards and a pair of touchdowns. As
expected, he took advantage of the awful Denver secondary but he is still not
a reliable starter during the Fantasy playoffs.

 Tony Richardson , RB KC - Top Dogs Updated 12/10/00
 While running for 89 yards on 17 carries, Richardson added eight catches for
56 yards. He should keep the starting halfback job in Kansas City for the
season's final two games.

 Eddie George , RB TEN - Fear Updated 12/10/00
 Reaching the end zone on the ground and through the air, George ran 24 times
for 81 yards and a touchdown, while catching four passes for 20 yards and two
more scores. George will definitely be the MVP of many Fantasy championship
teams this year.

 Jimmy Smith , WR JAC - Fear Updated 12/10/00
 The Jaguars' wideout caught eight passes for 147 yards and a touchdown. He
appears to be rasing his level of play just in time for the final rounds of
the Fantasy playoffs.

 Napoleon Kaufman , RB OAK - McKay Neal Updated 12/10/00
 Kaufman left Sunday's game against the Jets in the second quarter after
injuring his right knee. He was taken to the locker room for further
examnination.

 David Patten , WR CLE - Free Agent Updated 12/10/00
 On seven catches, Patten racked up 103 yards and a touchdown. Patten has
showed signs of promise this year, but has lacked consistency when
healthy.

 Shannon Sharpe , TE BAL - Rocks Updated 12/10/00
 The veteran tight end caught just one pass for seven yards. Trent Dilfer
appears to be speading the ball among many WRs, and Sharpe has suddenly
become a non-factor in the Baltimore offense.

 Drew Bledsoe , QB NE - FIBSABs Updated 12/10/00
 In a valiant effort, Bledsoe completed 26 of 45 passes for 225 yards with
two touchdowns and no interceptions. The veteran QB might continue to perform
well in New England's final two games.

 Lamar Smith , RB MIA - Fear Updated 12/10/00
 On 23 carries, Smith ran for 79 yards and the Dolphins' lone touchdown.
Despite facing the Tampa Bay run defense, Smith did not let his owners down
at a crucial time of year.

 Corey Dillon , RB CIN - Matt Lenhart Updated 12/10/00
 On 18 carries, Dillon picked up only 42 yards. The Cincinnati RB still has a
tendency to disappear against the league's better defenses.

 Ryan Wetnight , TE GB - Free Agent Updated 12/10/00
 Wetnight suffered a concussion in Sunday's win over Detroit.

 Matt Hatchette , WR MIN - Free Agent Updated 12/10/00
 Hatchette left Sunday's game in the second half after pulling a muscle on
his side.  Troy Walters replaced Hatchette as the third wideout.

 Troy Aikman , QB DAL - Free Agent Updated 12/10/00
 Aikman left Sunday's game in the first half with a concussion. He was
replaced by Anthony Wright. Randall Cunningham is the team's emergency QB
this week because of his recent groin problems.

 Anthony Wright , QB DAL - Free Agent Updated 12/10/00
 Wright replaced an injured Troy Aikman early in the second quarter of
Sunday's game against Washington.

 Jay Fiedler , QB MIA - McKay Neal Updated 12/10/00
 Fiedler suffered an injured left shoulder in Sunday's game against the
Buccaneers.  The injury seemed to affect his accuracy as he threw four
interceptions in the game.  Keep an eye on his situation.  The injury may
warrant you dropping him from your Fantasy lineup next week.

 Steve McNair , QB TEN - Rocks Updated 12/10/00
 McNair was lifted in the fourth quarter of Sunday's game against Cincinnati.
Jeff Fisher replaced him with Neil O'Donnell, deciding McNair needed a
well-deserved rest to keep him healthy after throwing three TD passes.

 Fred Taylor , RB JAC - Hunter Shively Updated 12/10/00
 Taylor left Sunday's game against Jacksonville in the third quarter with the
Jaguars leading 30-3. He seemed to suffer a minor injury to his knee that had
been bothering him earlier in the year, but he remained on the sidelines and
appeared to be in good condition.

 Chris Greisen , QB ARI - Free Agent Updated 12/10/00
 Greisen replaced an ineffective Dave Brown in the third quarter of Sunday's
game at Jacksonville.

More Updates

 View?Transactions?

[IMAGE]?  Make Selection
? [IMAGE]

[IMAGE]
 There are no League Transactions which meet the selected criteria.

To see all league transactions select "All", "All", "All Teams" from the
Transactions, View page.

 Breakdown?Schedule?

  Eric Bass

  Player
  Pos
  Points
  McNabb, Donovan
 QB
 32.0
  Allen, James
 RB
 23.0
  Smith, Robert
 RB
 6.0
  Harrison, Marvin
 WR
 0.0
  Hayes, Donald
 WR
 7.0
  Horn, Joe
 WR
 10.0
  Nedney, Joe
 K
 2.0
  Ravens
 DT
 15.0

 [IMAGE]
  TOTAL
 ?
  95.0

 [IMAGE]
 Lions
 DT
 6.0
  Grbac, Elvis
 QB
 20.0
  Anders, Kimble
 RB
 0.0
  Davis, Terrell
 RB
 0.0
  Morris, Sylvester
 WR
 3.0
  Robinson, Marcus
 WR
 0.0

[IMAGE]
  at Fear

  Player
  Pos
  Points
  George, Jeff
 QB
 14.0
  George, Eddie
 RB
 28.0
  Smith, Lamar
 RB
 13.0
  Holt, Torry
 WR
 17.0
  Muhammad, Muhsin
 WR
 10.0
  Smith, Jimmy
 WR
 20.0
  Gramatica, Martin
 K
 11.0
  Rams
 DT
 4.0

 [IMAGE]
  TOTAL
 ?
  117.0

 [IMAGE]
 Redmond, J.R.
 RB
 3.0
  Griese, Brian
 QB
 0.0
  Bettis, Jerome
 RB
 3.0
  Chrebet, Wayne
 WR
 10.0
  Levens, Dorsey
 RB
 0.0
  Testaverde, Vinny
 QB
 7.0

Copyright 2000 Commissioner.COM Inc and SportsLine.com Inc.
Your site is always at http://football.commissioner.com/ene

FB10SP


LAW RESEARCH

   *** January  NewsLetter ***
   "Just The LawLinks" 2002

 Lawresearch Newsletter December 2001
 http://www.lawresearch.com/newsletter/vol6-01web.htm

 - VOL6-01Web.htm


FYI.
----- Forwarded by Jeff Dasovich/NA/Enron on 06/21/2001 04:42 PM -----

	"Sullivan, Glen J." <GSullivan@sempra.com>
	06/21/2001 10:58 AM

		 To: "'Norman A. Pedersen'" <napedersen@JonesDay.com>, aamirali@caiso.com,
adonnelly@prmllp.com, agold@coral-energy.com, alan.killion@williams.com,
alex.sugaoka@uaecorp.com, askaff@energy-law-group.com, bbrunel@smud.org,
bcope@ci.redding.ca.us, bcragg@gmssr.com, bhabersack@gasbiz.com, "Mantz,
Brad" <BMantz@sempra-slns.com>, bobfraser@aec.ca, brad.king@usa.conoco.com,
bradylaw@pacbell.net, bruce.a.connell@usa.conoco.com, burkee@cts.com,
bwood@energy.state.ca.us, cabaker@duke-energy.com, ceyap@earthlink.net,
cgoodman@energymarketers.com, charles.jacobini@acnenergy.com,
chawes@txuenergy.com, cprice@igservice.com, craigc@calpine.com,
csullivan@coral-energy.com, danny_macdonald@powerspring.com,
dave.sloan@gt.pge.com, davef@abag.ca.gov, ddame@ncpa.com, djones@gasbiz.com,
dmkellerton@ibm.net, dpk@cipa.org, "Willis, David W." <DWillis@SDGE.com>,
dwswapp@duke-energy.com, ed@clfp.com, edwardoneill@dwt.com, egw@aelaw.com,
eke@aelaw.com, epoole@adplaw.com, eric.eisenman@neg.pge.com,
erin_m_delsing@reliantenergy.com, fillmotw@sce.com,
frazier@bull.som.yale.edu, FRL3@pge.com,
girish_balachandran@city.palo-alto.ca.us, gnadeau@suncor.com,
grant_kolling@city.palo-alto.ca.us, gregory_hood@oxy.com, gregs@mid.org,
"Sullivan, Glen J." <GSullivan@sempra.com>, gworster@txuenergy.com,
GJB2@pge.com, hankd@calpine.com, healyb@epenergy.com, jdasovic@enron.com,
jerryl@abag.ca.gov, jfawcet@enron.com, jfossum@westernhubs.com,
jgopal@energy.state.ca.us, jhla@dynegy.com, jkarp@whitecase.com,
jleslie@luce.com, jmartini@cipa.org, jnm@cpuc.ca.gov, joe.paul@dynegy.com,
johnj@bcjlaw.com, john_ulrich@city.palo-alto.ca.us, "Suwara, J.- TPJUS"
<JSuwara@sempra.com>, judypau@dwt.com, justin_sutton@powerspring.com,
jweil@aglet.org, jwr5532@aol.com, karen@klindh.com, karl@ncpa.com,
katie_elder@rmiinc.com, keeling.robert@epenergy.com, keith.brown@swgas.com,
khatz@titanenergy.com, khensman@aeraenergy.com, kl@mrwassoc.com,
kmagruder@newpower.com, kmccrea@sablaw.com, kotoole@westernhubs.com,
kpurbhoo@enron.com, kzemp@lightspeed.net, lbdr@powercomenergy.com,
lindseyhowdowning@dwt.com, "Lorenz, Lad - TPLPL" <LLorenz@socalgas.com>,
marcel@turn.org, mbaldwin@igservice.com, "Bornhoeft, Mary - TP4MLB"
<MBornhoeft@socalgas.com>, mcconnk@epenergy.com, mcollette@econone.com,
mday@gmssr.com, mdjoseph@adamsbroadwell.com, mflorio@turn.org,
michael.alexander@sce.com, michael_r._soland@oxy.com, mike.huk@gov.ab.ca,
mmbr@dynegy.com, mmce@dynegy.com, mnyberg@energy.state.ca.us,
mtbrommer@tid.org, "McVay, Nancy W - TPNWM" <NMcVay@socalgas.com>,
pat_mulhern@oxy.com, paulamirault@aec.ca, pbray@newpower.com,
pcervin@br-inc.com, pete.frost@usa.conoco.com,
peter.saunders@paramountres.com, phil@royl.com, pinney@capp.ca,
pkeeler@br-inc.com, plg@cpuc.ca.gov, prescorw@bp.com,
randy_richards@powerspring.com, raveen_maan@city.palo-alto.ca.us, "'brown,
carol a (alj)'" <cab@cpuc.ca.gov>
		 cc: "Wright, Gillian - TP1GXW" <GWright@sempra.com>, "Lorenz, Lad - TPLPL"
<LLorenz@socalgas.com>
		 Subject: A.01-06-020; PG&E open season

Attached is the response of Southern California Gas Company to PG&E's
A.01-06-020, which was filed yesterday.? (Hard copies were fedexed to PG&E
and the ALJ)

-- Glen Sullivan
Attorney for SoCalGas
(619) 699-5162
email:? gsullivan@semrpa.com

?
 - 1WFT01!.DOC


Today is the beginning of the Analyst/Associate Showdown.  EES would like for
all analysts and associates to receive a Showdown T-Shirt.  Please come to
EB737 anytime this week to pick up your shirt.  You may also pick up a shirt
for a friend.  Thank you!


Although we didn't get to discuss this at our credit luncheon, particularly
we some of the less-experienced credit folks, when we receive a worksheet
from them where the counterparty is a limited partnership, it may be
advisable to ask them the following questions:

1. Should the GP be designated as a Specified Entity?  The alternative may be
to require the GP to sign a Guaranty and then they would become a credit
support provider.  By making the GP a Specified Entity, they get picked up in
the cross default, bankruptcy and credit event upon merger provisions.

2. Should there be an additional termination event or event of default that
gets triggered if the GP fails to be the GP of the limited partnership?

3. Whose financials are they expecting to receive, the GP's or the LP's?

4. If there are financial tests, who do they pertain to, the GP or the LP?

5. How does the LP qualify as an ESP?  Particularly with some of the less
experienced credit folks who have not had to deal with this issue on the
physical side, maybe this question should always be asked for every
counterparty just to be safe.

Let me know what you think.

Carol