Good luck - glad to know someone who has got the guts to make a radical career change!!  We have skiied Deer Valley the past few years - don't know if we are going there this year or not with the Olympics; will call you if we do.

Brent

 -----Original Message-----
From: 	Sanchez, Monique
Sent:	Friday, October 12, 2001 3:35 PM
To:	Friedman, Mark; Slagle, Carrie; De La Torre, Cathy; Mausser, Gregory A.; Franklin, Mary Theresa; Price, Brent A.; Quigley, Dutch; Loibl, Kori; Emmons, Suzette; Simpson, James; Oliver, David; Waldhauser, Michelle; Harris, Tony; Bagwell, Jennifer J; Bike, Anne; Kenne, Dawn C.; Love, Phillip M.; McLaughlin Jr., Errol; Bass, Eric; Smith, Matt; Holst, Keith; Allen, Phillip K.; Wolfe, Jason; Sullivan, Patti; Gay, Randall L.; Kuykendall, Tori; Grigsby, Mike; Lenhart, Matthew; Ermis, Frank; South, Steven P.; Tholt, Jane M.; Reitmeyer, Jay; Rangel, Ina; Young, Becky; Ward, Kim; Tycholiz, Barry; Groenewold, Shannon; Badeer, Robert; Motley, Matt; Richter, Jeff; Keavey, Peter F.; Winfree, O'Neal D.; May, Larry; Hogan, Irena D.; Neal, Scott; Shively, Hunter S.; Lewis, Andrew H.; Vargas, Laura; Davids, Loren
Cc:	'moshuffle@hotmail.com'
Subject:	Park City Bound

Though many of you already know, today is my last day here at Enron.  I am leaving to pursue my culinary interests full time and have accepted a baking/pastry apprenticeship with the Deer Valley Resort in Park City, Utah for the winter season.

I am happy to have spent the past 3 years working with such a fun and intelligent group of people. I sincerely wish all of you the best in your future endeavors.

Please don't hesitate to look me up if you are in the Park City area, vacation planning, or considering some radical career change like this...ha.  It would be great to see old friends up there.  Forwarding info is below:

http://www.deervalley.com/winter/winterhome.asp
Email: moshuffle@hotmail.com
Cellular: 713-516-0651


Jeff/Ken:

I heard from Wade that there were a number of questions on Dabhol yesterday
and I thought it may help if u received a quick update. Over the last 3 days,
I have met with most key players in GOI and GOM assisted by some very close
friends of ours. The start of the state assembly session has given some
politicians and some vested interests an opportunity to raise issues about
Dabhol in the assembly again, a feature that we have seen every year, at
about this time, without exception and has led to a number of misleading
newspaper reports. The usual suspects are behind the latest stirring of the
pot.

The facts however are as follows:

1. GOM (at the administrative and political level) and MSEB remain firmly
behind the project and the commitments to it. They are concerned but at the
same time looking at proactively working to find a solution. They also
believe that they may have found one that is agreeable to GOI.

2. After discussions with us on Tuesday, GOM and MSEB are working on a plan
(thru this weekend) to treat Dabhol as a national asset. The plan involves
MSEB selling  power from DPC to the central government utility which will
then pool the power with over 30,000 MW of power that they currently  control
and sell the power onward to other states. The plan has already been
discussed at senior levels in the GOI and finds general acceptance. Obviously
the details are to be worked out and we are proceeding to help GOM put the
outline together over this weekend in Delhi and GOM will then discuss it with
MOP on Monday.

Wade reported that it was felt that the seniormost GOI ministers be apprised
of the seriousness which with we are viewing this situation. This was already
done Tuesday.

3. The Indian Lenders to the Dabhol project have met and agreed to a 30 day
waiver of MSEB delay in payment - agreed subject to review of the situation
at the end of 6 months. They have also agreed to the Equity transfer -
subject to lenders counsel confirming that there are no legal issues under
any of the project contracts. This shows the lender support for continuing to
move forward and buys us time to put in place the fix we are planning.

4. Ministry of Power has yesterday agreed to support an effort to freeze the
duties on imported fuel at a lower level of about $12/bbl versus the current
$35 or so. This will help achieve an immediate reduction in tariff from Phase
I and make Dabhol more competitive. This proposal is currently with Ministry
of Finance and our expectation is that they will review it favorably as the
MOP is taking it up personally.

All signs that I have received in India over the last few days lead me to
believe that the GOM is committed to solving the Dabhol issues at the
earliest. While we all have concerns, they seem to be addressable and if the
current plan is successful, they can  be sorted out within the context of
current and existing documentation.

I have left names out but they are better discussed on the call that has been
scheduled for Monday evening India time. Hope that this helps in the meantime.

Regards,

Sanjay


Walt -

First of all, congratulations on being elected Vice President of Broadcast.
You deserve it!  Secondly, Enron is proud to support your efforts and we're
thrilled it was a success.

Sincerely,
Amy Lee
Director, Enron Community Relations

"walt" <walt@insync.net> on 06/27/2000 08:25:03 PM
To: "Amy Lee" <alee@enron.com>
cc:

Subject: Much Thanks!

Amy,
I just wanted to thank you again for all of ENRON's support  with our
workshop on "Hidden Treasures - A Lost Generation". It was a tremendous
success with a capital "S".
If there is anything that I can do for you or ENRON in the  future, please do
not hesitate to ask.
Best wishes,
Walt Balleza
P.S.
I was elected?Vice-President of Broadcast to the NAHJ by  79% of the vote.


Meet the head of
the leading firm
in our business

Imagine the opportunity!
 Imagine that the leading energy company in the world has picked you to run
the
company that it expects to be the leading retail energy company in North
America.

 So you get a sharp competitive edge in the back room, you recruit IBM as a
co-owner
assuring you the lowest cost per customer by a factor of two or three.
To get your foot in 27 million doors you recruit AOL as a co-venturer with a
commitment from AOL to promote NewPower,s wares.
You do an IPO and take in about $700 million for working capital.  The IPO is
over and the quiet period it required.
But the most important silver spoon -- so that you get your energy at the best
price and to protect you against price spikes -- you get up front 30
Enron-trained
risk managers and traders.  Can you imagine having to recruit them?

To make sure this team is run by the optimum chief they picked Eugene
Lockhart,
most recently president of Consumer Services at AT&T and before that president
of BankAmerica,s Global Retail Bank with its consumer, commercial and small
business
banking services delivered through 3,000+ branches.
 Now, Lockhart's talking about his plans.
      Restructuring Today had lunch with Lockhart Thursday and reported in
detail:

 *  How NewPower intends to actually start up the retail industry?  What is
the
heart of NewPower,s business plan?
 *  How they'll make money in markets where margins may seem too thin.
 *  How he,s going to have 600,000+ customers next month and easily a million
by the end of 2001.
 *  What percentage of their sales come from the NewPower website.  What
figure
is he using for cost of customer acquisition?
 *  Lockhart plans to have by the end of the first quarter or at the latest
the
second quarter 750,000 customers making them by far the largest unregulated
retail
marketer in the US.
 *  How does he think utilities will compete with the NewPower paradigm?
 *  What marketshare do they expect to get at first and then by 2005?
 *  What does he see as his biggest challenge?
 *  Why is this a good time for NewPower to invade California markets?
 *  Why will NewPower succeed where Enron failed?
 *  What,s the role of backward dating in forward market margins?
 *  Where NewPower gives a 20-25% discount on the commodity portion of a bill,
what kind of margin can it make now?
 *  How do higher prices help NewPower?  "We,re actually in a very good
position
given (that) the gas cost increases perversely will work in our favor ... "
 *  "We have a 10-year, exclusive agreement with IBM whereby we can issue a
bill,
collect the money and care for a customer at lower cost than anyone else in
the
industry by several orders of magnitude."

We,d love to send you the two-story, detailed report on how the leading
company
in our industry is going to get there and stay there.

Reply to daily@restructuringtoday.com and I'll rush you the two articles or
call
1-800-486-8201.

Subscribe today!  Restructuring Today is the nations leading daily focused on
the convergence of electricity, natural gas, telecom and dot-com --
chronicling
the creation of America's largest industry.  If you fax the completed attached
order form to 1-202-298-8201, I'll make sure you don't miss a single vital
issue.

Cordially,

Season Hawksley
US Publishing
1-800-486-8201
daily@restructuringtoday.com
 - orderform.pdf


Enron's Ken Lay
Investor's Business Daily, 12/12/00
Enron CFO Sold 52,080 Company Shares In November
Dow Jones News Service, 12/12/00

Team Management Approach Improves Wachovia Funds' Rank
Dow Jones News Service, 12/12/00

Stocks mixed Tuesday as investors wary about earnings, election
Associated Press Newswires, 12/12/00

Leaders & Success
Tuesday, December 12, 2000
Enron's Ken Lay
Focus On Finding The Best People Helps Keep His Energy Company At The Top
By David Saito-Chung
Investor's Business Daily
Many good chief executives put large amounts of trust in their employees. But
few go as far as Houston-based Enron Corp.'s Ken Lay.
Louise Kitchen, the top natural gas trader at the energy marketer's London
office, had an idea: Rather than trade energy commodities over the phone, why
not do it online?
In early 1999, Kitchen and her co-workers started to build an Internet
marketplace. A few months later, the team grew to more than 300 people spread
across many countries. The project had cost millions of dollars. A possible
problem: No one had told the top brass about it yet.
Chairman and CEO Lay and President Jeff Skilling were briefed on EnronOnline
five months into the project. They saw the risks, but liked its potential and
gave the green light.
The site went live in November 1999, and growth has been nonstop. The global
platform logs on average $2.5 billion to $3 billion in transactions a day in
products ranging from natural gas supply deals to financial instruments that
let snowmobile makers hedge against warm winters. The system keeps growing
because it cuts transaction costs, improves price transparency and expands
liquidity.
Kitchen is now chief executive of Enron's networks group and a member of
Enron's Executive Committee.
"EnronOnline came from the bottom up," said Lay, 58. "There wasn't any
planning, no decision made at the top. The good news is we didn't stop it."
When Lay joined Enron as CEO in 1986, most of its revenue came from its
natural gas pipeline. Today, it continues to pioneer new markets, not only in
natural gas but also in wholesale trading, energy services and risk
management products. Sales have grown from $5.6 billion in 1991 to $40.1
billion last year. Over the same period, earnings have grown from 54 cents a
share to $1.16 a share.
How does Lay spur a strong spirit of innovation inside a global company of
18,000 employees? He tries to get the best talent around the world.
In 1990, Enron formed the associate analyst pool to attract new MBAs from top
business schools, going head-to-head against big banks and consulting firms.
But Enron was the only energy firm with such a program.
The strategy has worked. When Greg Whalley came across Enron's job posting at
Stanford Business School back in 1992, he did a double take. How could a gas
pipeline firm, he thought, offer such opportunities? Recruiters told him he
would have the chance to begin a new business within the company.
After several interviews, he landed in Houston with 10 other analysts. There,
he rotated from the finance group to derivatives marketing and finally to the
gas trading floor.
"It was an interesting place to be ) in a company that's ready to recognize
and promote people that (are) brought in at relatively junior levels,"
Whalley said. At 38, he's now president and chief operating officer of Enron
Wholesale Services, a major profit center.
Despite the tight labor market, the associate analyst program now brings in
300 to 400 new MBAs every year. Enron has also achieved an employee attrition
rate of just 4% the past few years.
"Getting the best and brightest people is in fact the key to any successful
company," Lay said. "It's a matter of creating a culture where they feel like
they do have a lot of authority and flexibility in how they do their jobs, as
long as they do them well. I also think bright, creative people like to be
around bright, creative people."
Lay's success also stems from his belief in the power of markets. When the
Missouri native went to work as an economist at the Federal Energy Regulatory
Commission in the 1970s, he battled against a system that fixed prices at
artificially high levels and restricted pipelines from sending natural gas to
places that actually needed it.
At Transco Energy Co. in the 1980s, he helped pioneer the spot market for
natural gas.
As the natural gas industry began to deregulate in the 1980s, prices fell
fast. But Lay and Skilling took advantage of the changes by creating a
wholesale market to buy and sell natural gas across the nation's pipeline
network.
Lay expects co-workers to do the same in other markets. To spread the
message, every elevator inside Enron's office tower has TV screens that
stream announcements, live news and slogans to encourage employees, such as:
"Join the fight against innovation's greatest obstacle: SILENCE."
"Your name doesn't have to be Catherine or Alexander to achieve greatness."
"EVERYONE is the next CEO until proven otherwise."
Many have taken the words to heart. David Cox, who once worked in the office
basement as a $5-an-hour graphics clerk, developed a financial product so
that newspaper publishers could hedge against volatile paper prices. It's now
a multi-billion-dollar market. Another employee pioneered a market for
utilities to trade pollution rights.
But when a team fails on a new project, Lay avoids punishment. Instead, he
dares team members to try again and again until they succeed.
In 1997, Enron bought Portland, Ore.-based power distributor Portland General
Electric in hopes of selling power to residential customers in the
deregulated California market. But the Enron Energy Services team's strategy
didn't work, and Enron has put PGE up for sale, a move Lay admitted was
highly embarrassing.
No one got fired. Lay asked team members to apply their strategy to something
else.
The team worked on selling power to manufacturers and commercial firms. It
also came up with an idea to promise customers lower energy costs by
providing a 100% outsourcing service. Enron would be willing to buy a
company's energy assets, absorb employees and make new investments. The
strategy worked. Today, the energy-outsourcing concept produces the majority
of Enron's new contracts.
"(Energy Services) took what was initially a strategy that failed and turned
it into a different strategy which succeeded, which led to still a different
strategy that appears to be just a great success," Lay said.

Enron CFO Sold 52,080 Company Shares In November

12/12/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- Enron Corp. (ENE) Executive Vice President and Chief
Financial Officer Andrew S. Fastow sold a total of 52,080 shares of the
company's common stock last month, according to a Form 4 released by the
Securities and Exchange Commission.
Fastow sold the shares from Nov. 1 to Nov. 7 for $83 a share. At the end of
the month he directly held 29,336 shares and indirectly held a total of
9,123.46 shares.
Enron's shares recently traded at $77.13 a share.
Houston-based Enron is a utilities and communications company.
-By Marc A. Wojno; Federal Filings Business News; 202-628-9792

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

Team Management Approach Improves Wachovia Funds' Rank
By Christiane Bird
Of DOW JONES NEWSWIRES

12/12/2000
Dow Jones News Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

NEW YORK -(Dow Jones)- Switching to a team management approach has helped
Wachovia Funds outperform its peers, its managers say.
In 1997, the company's flagship fund, the large-cap Wachovia Equity Fund,
returned 25.1% - a respectable enough number, but in that high-flying year it
placed the fund in only the 74th percentile among its peers, according to
Morningstar Inc.
This year, although the fund has returned a mere 1.72% through Dec. 11, it
has risen into the 19th percentile slot.
Chalk up the improvement, the company says, to a switch from the traditional
senior manager/junior analyst portfolio structure to one in which managers
and analysts work together on an equal footing in cooperative teams.
"Our 1997 performance was not superlative and so we took a look at our core
equity product, and found that there was just too much information for one
manager to get his mind around," said Timothy Swanson, head of equities for
Wachovia Funds. "The fruit that came out of that was a new management
structure" instituted in mid-1998.
The Wachovia fund now uses a six-team system, with each team covering one
segment of the market -- technology, finance, industrials, health care,
resources-oriented companies and consumer staples and telecommunications. The
teams work primarily on the Wachovia Equity Fund, but their research is
applied to the company's nine other equity funds as well.
Coordinating the teams is Swanson, and overseeing all the Wachovia funds is
Steven Reynolds, the company's chief investment officer.
"They've clearly been doing something right -- they've been in the right
places," said Catherine Hickey, an analyst at Morningstar, who follows the
Wachovia Balanced Fund and the Wachovia Special Values Fund. Both funds were
up in 1998 and 1999, she noted, but are not performing so well this year.
Wachovia's new structure allows managers and analysts to develop greater
expertise in their respective sectors and come up with better ideas, its
managers claim. "The stock selection process is where this structure has its
competitive edge," said Swanson.
The team approach also works well in different types of markets, he noted.
Last year, when technology stocks were skyrocketing, the fund returned
26.15%, placing it in the 21st percentile among its peers, according to
Morningstar. And in this year's volatile marketplace, the fund has done well
because it no longer relies on just one manager. "It's as if we have six
different funds," Swanson said. "Over time, each team plays a hot hand and we
have more hot hands than any one manager could."
To develop its six teams, Wachovia used existing personnel but made its
overall organization more sector-focused. There was some resistance among
various managers and analysts at first, but "almost out of the starting gate
we saw a meaningful improvement in performance," Reynolds said.
When looking at companies, the Wachovia teams take a bottom-up approach. They
seek out firms that are in the top half of their respective sector and pull
back if the company falls into the bottom half.
Since adopting its new management structure, the number of names in the
Wachovia fund has dropped to about 75 from 110, while the turnover rate has
dropped to 40% from between 50% to 60%. "The reason for both those drops is
strength of conviction of stock choices," said Swanson.
One company that has performed especially well for the fund this year is the
network-data-storage firm Network Appliance Inc. (NTAP). Wachovia bought
Network Appliance back in mid-1999 when it was trading in the low teens, saw
it rise to $152 and then fall back to $50 after the Nasdaq correction. The
fund sold off some of its position at about $100 when the stock was on the
way up, but still holds the company, which is now trading at about $90.
Other companies that have performed well for the fund this year include the
computer-networking firm Cisco Systems Inc. (CSCO), the drugstore company CVS
Corp. (CVS) and utility firms Duke Energy Corp. (DUK) and Enron Corp. (ENE).
The Wachovia fund bought Enron in August 1998 at about $26 and now holds it
in a 1.3% position, with the stock trading at $82.
One company that did not perform so well for Wachovia is the consumer
electronics retailer Circuit City Stores Inc. (CC). The fund bought Circuit
City for $44 in January at a 0.3% position and gradually increased that
position to 1.2%, before selling off the stock in September for $26.
Wachovia plans to introduce two new funds, the Wachovia New Horizons Fund and
the Blue Chip Value Fund, on Dec. 20. The two new funds will also utilize the
team-management system.
Wachovia Funds is a unit of Wachovia Asset Management, Alexandria, Va.
-By Christiane Bird, Dow Jones Newswires; 201-938-2046;
christiane.bird@dowjones.com

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

Stocks mixed Tuesday as investors wary about earnings, election
By AMY BALDWIN
AP Business Writer

12/12/2000
Associated Press Newswires
Copyright 2000. The Associated Press. All Rights Reserved.

NEW YORK (AP) - Stocks were mixed Tuesday as anxiety about high-tech earnings
and the election deadlock resurfaced on Wall Street.
Technology issues rose smartly late last week after Federal Reserve Chairman
Alan Greenspan said he was inclined to lower interest rates early next year.
High-techs also advanced Monday, but investors are too worried about poor
earnings to extend the rally, analysts said.
"There was some initial euphoria in the wake of Alan Greenspan's clear
message that he is poised to rescue the economy if it heads toward recession,
but there are still some concerns especially in the chip sector that earnings
will be disappointing," said Alan Skrainka, chief market strategist for A.G.
Edwards & Sons Inc. in St. Louis. "So we are seeing a shift to some of the
defensive, more stable stocks."
The Dow Jones industrial average rose 92.91 to 10,818.71.
Broader indicators were lower. The Nasdaq composite index was down 39.82 at
2,975.28, and the Standard & Poor's 500 index was off 2.84 at 1,377.36.
"Some people feel that 3,000 in the Nasdaq is an important level. So, we are
seeing some profit taking," Skrainka said. "Clearly, the short-term is
dominated by worries about the political situation and fourth-quarter
earnings."
Investors awaited a decision expected later in the day from the U.S. Supreme
Court on whether to allow Florida to recount its election ballots to
determine whether Vice President Al Gore or Texas Gov. George W. Bush will be
president.
Wall Street considered the protracted political uncertainty as a reason to
sell tech stocks and retreat to blue chips.
Chip makers were mixed after Advanced Micro Devices warned Monday that weak
demand for personal computers would lead to lower-than-expected
fourth-quarter earnings. AMD inched up 25 cents to trade at $17.56, but
Intel, which issued a similar warning last week, tumbled $2.38 to $35.06.
Microsoft slid $2.19 to $55.88. Network equipment maker Cisco fell 50 cents
to $54.31.
The Dow saw big price changes and heavy trading in two of its most well-known
components.
General Electric was significantly lower despite an upbeat outlook delivered
Monday by CEO Jack Welch to analysts. GE, which also announced it will take a
$4 billion charge for its acquisition of Honeywell, fell $1.38 to $53.94.
But General Motors rose $2.13 to $53.69 after the automaker announced it will
phase out its Oldsmobile division.
So-called defensive buys traded higher. Banker J.P. Morgan soared $3.19 to
$159.94, and drug maker Johnson & Johnson rose $1.25 to $96.88.
Energy stocks were mixed after industry economists told the Senate that
natural gas and heating-oil prices will be high this winter. They cited
soaring demand, low inventories and forecast for colder weather. Enron was
down 81 cents at $75.69, but Exxon Mobile was up 63 cents at $86.38.
The Russell 2000 index was down 3.84 at 483.39.
Declining issues outnumbered advancers 4 to 3 on the New York Stock Exchange
where volume was 493.10 million shares, down from Monday's 522.67 million.
---
On the Net:
New York Stock Exchange: http://www.nyse.com
Nasdaq Stock Market: http://www.nasdaq.com

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


http://ecthou-webcl1.nt.ect.enron.com/gas/

All the gas reports are under west desk

Call Brian Hoskins for a password


Ok, but can we get the book admin. or someone to put these comments into sitara so there is no confusion.

 -----Original Message-----
From: 	Storey, Geoff
Sent:	Tuesday, October 09, 2001 11:28 AM
To:	Deming, Richard
Subject:	RE: Anderson Exploration

Please do not send out a confirm.
I added notes to the tagg tickets. ECC is going to confirm and the deal involves an agency agreement.

 -----Original Message-----
From: 	Deming, Richard
Sent:	Tuesday, October 09, 2001 10:18 AM
To:	Storey, Geoff
Subject:	Anderson Exploration

Geoff-
Let me know if this confirm is ok to be sent out.  And if you could, I need a fax number for the cp.

 << File: Export.doc >>
Thanks
Richard
x54886


Sara,

Did you ever hear from Sarah Wesner regarding setting up some lines of credit
for Darren's futures trading in Japan?  This trading will be done as Enron
Japan, not ENA, so we cannot use the existing agreements.  Please let me know
what I may need to do so we can make sure everything is set up for Darren.
Thanks!


Congratulations on your recent well deserved promotion to Managing
Director.   I hope everything continues to go well for you and you continue
to enjoy meeting the challenges of our organization.

As you may know, some months ago I decided to re-establish my consulting
business and have recently launced that new effort.  Please let me know if
there is any way that I can be of help to you and your organization.
Following is an overview of the firm's areas of specialty:

- Succession Planning/Executive Continuity
- Executive Development
- Organizational Development/Change
- Executive Counselling/Coaching
- Management Training
- Employee Surveys
- Innovation
- Leadership

I can be reached at:

Executive Leadership Associates
Richard W. Amabile - President
P.O. Box 6417
Kingwood, TX 77235-6417

Telephone: (281) 361-3691
Fax:  (281) 361-9408
Email: ramabile@execlead.com
Website: execlead.com

Enron has requested a consulting contract and therefore I will continue to
work at my office here, as well as at my new offices mentioned above.
Therefore, you will likely be able to contact me at either location for the
next few months.

In my ten years of experience at Enron I have been responsible for
Intellectual Capital, Organization Development & Training, Executive
Development, etc. and I am looking forward to being able to continue to work
directly with Enron and other companies interested in these areas.

                                                  Dick Amabile


Bill,  the baseline noise surveys, which have been completed, were performed
by Hoover and Keith out of Houston, Tx.  I have a meeting scheduled with the
permit engineers from state of Arizona on Monday to discuss the permitting
for the two C/S on state lands.  Ive dealt with these individuals before, but
the ADEQ has gone through some reg changes and I want to visit with them on
that.  After that meeting, I will decide who should do the applications.  I
have  calls in to the person I deal with in the EPA in San Francisco for the
two locations on the Navajo lands.  Pending the outcome of each  meeting, I
will decide who to use.  Ive used Argent in the past for both Arizona permits
and Indian lands permits, and they would probably be my first choice.

I am keeping Mr. Ayers involved in the permitting process and all changes or
activities that impact the permits for Arizona.  One thing that I shold
mention is that I spoke with Phil Lowery about his desires for this project.
He has requested that the existing units at each station maintain operations
for six months after the turbines have been installed to act as a backup in
the event that the turbines temporary fail or to iron out any potential
kinks.  Based upon the reduction in emissions from the existing mainline
units, which will be permitted for a six month period, there will still be an
overall  major emissions decrease.  After the six month period, the existing
units will be abandoned in place and not be operated again.    Also, my
intent is to permit these turbines at 45 ppm NOx as opposed to the lower 25
ppm NOx number to eleminate the problems that were originally encountered on
the Northern Border system.  If this was a new station, I probably wouldnt be
allowed to use the 45 number, but seeing as how there will be a major
decrease in emissions from shutting off the recips and using the turbine,
this should be easy to do.  The differrence in emission between 45 and 25 is
not that great and it will allow the facilities in Az a larger range of
operation comfort as opposed to the 25 ppm number that Rolls says they can
do, but has had trouble reaching.  One thing that has complicated the
permitting is the elevation and temperature extremes at the locations.  By
permitting at 45 ppm, this will greatly help this.     Ill share the
emissions numbers with you, when I receive them from Rolls and the emissions
info I have from the existing units.

I have spoken to Terry Hacket about doing the F-1 document for the FERC
submittal, and have been feeding him data and supporting information for the
report.  Based upon the scope of work for the turbine installation, the F-1
report will be completed by March 1.

Is there something Ive missed?

William Kendrick
02/19/2001 04:44 AM
To: Larry Campbell/ET&S/Enron
cc: john shafer

Subject: RE: TW Expansion Project

Larry--

Who will be the air permit management team, consultants and internal.

Bill

Larry Campbell
02/15/2001 09:25 AM
To: John Shafer/OTS/Enron@Enron, Arnold L
Eisenstein/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: William Kendrick/OTS/Enron@Enron, David Ayers/GCO/Enron@Enron

Subject: RE: TW Expansion Project

Thanks John, I was assisted by the reg floks in Omaha and Earl Chanley about
who the PM was.  In anticipation of the fast track nature of this project
(nowadays everything seems to be of this sort)  the noise surveys for the
FERC application have been completed at each station, the F-1 document for
the is in preparation for the turbine installations, and I have a meeting
with the state of Arizona on the 26th to go over permitting issues relevant
to the air applications for C/S 1 and 2.   I  have contacted Region IX EPA
about discussing the permitting for the two stations on Navajo lands, but
have not heard from them.  We're on our way........

John Shafer
02/14/2001 07:07 PM

To: Larry Campbell/ET&S/Enron@ENRON
cc: William Kendrick/OTS/Enron@ENRON

Subject: RE: TW Expansion Project

This what's happening.  John

---------------------- Forwarded by John Shafer/OTS/Enron on 02/14/2001 08:03
PM ---------------------------
From: Jerry D Martin/ENRON@enronXgate on 02/14/2001 04:23 PM
To: Phil Lowry/OTS/Enron@ENRON
cc: John Shafer/OTS/Enron@Enron, Randy Rice/OTS/Enron@ENRON, Morris
Brassfield/OTS/Enron@ENRON, Rich Jolly/ET&S/Enron@ENRON, Rick
Craig/OTS/Enron@ENRON, Steven Harris/ET&S/Enron@ENRON, Ben
Asante/ET&S/Enron@ENRON, Norm Spalding/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
John R Keller/OTS/Enron@Enron

Subject: RE: TW Expansion Project

I just realized that I did not let everyone know who the Project Manager is.
Arnold Eisenstein will be the PM.

We are working on the kickoff documents, and will have them ready soon to
present in a kickoff meeting.  You will be advised of this meeting.

Thanks,
Jerry

 -----Original Message-----
From:  Phil Lowry
Sent: Friday, February 09, 2001 9:06 PM
To: Jerry D Martin
Cc: John Shafer; Randy Rice; Morris Brassfield; Rich Jolly; Rick Craig;
Steven Harris; Ben Asante; Norm Spalding; John R Keller
Subject: TW Expansion Project

Approval has been given to proceed with preliminary activities to accomplish
an expansion on the TW System on a "Fast Track".  The option which has been
approved is Option #1 (38,000 hp turbine at Stations 1, 2 3 and 4.)  At this
time you should prepare a Work Order authorization for $350,000 to capture
those preliminary cost.  I assume that negotiations with a compressor
manufacturer will result  in a requirement to commit to an order within the
next 60 days.  Before a final order (with a cancellation schedule) can be
executed we will need additional approval authorization.  When you have
determined the Project Manager for this project please inform all the
interested individuals.  We look forward to reviewing a project timeline in
the very near future.


I sold gas to New Power for today and tomorrow, deal 557800.  New Power will
take this gas into their pool.

Date  Volume  Price
1/4/2001 963  10.31
1/5/2001 1007  10.31


Please find attached a brief outline of the Jose LNG project. Eric will call
later this afternoon to discuss.

Thanks,
Jonathan


Thanks for the review.  A more formal response is not necessary at this
time.

	"Daniel Clearfield" <dclearfield@wolfblock.com>
	03/23/2001 12:04 PM

		 To: <Gerald.Nemec@enron.com>
		 cc:
		 Subject: Re: Compression Services Agreement for Tennessee Gas Pipeline

Gerry, I've looked over the agreement and still don't believe that it raises
any PUC regulatory issues.  If you need more (or a more formal version of
this e-mail) please contact me.

Daniel Clearfield, Esq.
Wolf, Block, Schorr and Solis-Cohen LLP
212 Locust St., Suite 200
Harrisburg, PA  17101
(717) 237-7173
(717) 237-7161 fax

>>> <Gerald.Nemec@enron.com> 03/20/01 12:59PM >>>
Dan,  Per our discussion, attached is the Compressor Services Agreement
between Enron Compression Services Company  and Tennessee Gas Pipeline
Company.  This is a rough draft at this point, but should give you a good
idea of the structure of this deal.  Note that Section 3.4 will be removed
as this is no longer part of the deal.

(See attached file: EP comp agmt1.doc)


You have been identified as a current subscriber to our Reuter's Cobra or I-Finance Market Data. We are currently in the process of re-negotiating these licenses. Please respond no later than Tuesday, May 28th with your Co# and RC. Future ongoing services will be allocated to the appropriate cost centers.
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The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=11/20/2001>, published as of 11/20/2001 is now available for viewing on the website.


Ecoelectrica - The meeting with the USEPA occurred on Tuesday August 1, 2000
in San Juan, Puerto Rico.  Marc Phillips participated and reported that the
meeting was non adversarial and the overall opinion of the Ecoelectrica
participants was that it went well.  EPA stated that it was apparent that
Ecoelectrica had put forth a significant effort in responding to the
compliance notice.  Ecoelectrica promised to send additional requested
information to clarify some of the issues identified at the meeting.  EPA
will review the information presented at the meeting and follow-up with
Ecoelectrica. There is still a potential for a penalty.

Enron Building Safety - in response to an employee request regarding work
area safety, Scott Watson reviewed the 12th floor and developed a series of
recommendations regarding reconstruction activities.  Scott will work with
Henry Terech to review other areas for similar issues.  Henry has been very
receptive to the to the safety support.

 Lagos Emergency Power Plant (9 barges - Nigeria) - Joe Kolb reviewed
proposal by ERM to gather baseline information and write environmental impact
assessment (EIA ) and provided comments to Robert Missen.  Also, alerted
Lauren Goldblatt to project.

Best Management Practices - Joe Kolb completed discussions with consultant on
proposed revisions to pipeline construction environmental BMPs.  Discussed
strategy for obtaining "buy in" from key people within Enron.    Also, left
message with Alex de Alarez explaining project as it relates to fiber optic
cables and seeking a meeting.  Consultant is now beginning work on the
electric and fiber optic portions.

Cuiaba II - Joe Kolb participated in conference call.  Public hearing on
Monday went very well.  They had given presentations to several concerned
groups/agencies prior to the hearing and, as a result, few people showed up
and there were no controversy or accusatory questions.  Also, folks from the
Rio Gen project were there to observe as they prepare for public
consultation/hearing.

Annual Report - Susan Worthen is making minor modifications to the report to
ensure as much information regarding emission reductions, etc. are properly
conveyed.  Graphics were selected for feature and The Image Center is working
to  gather the images and photos for the final layout.  The final draft is
expected to be available for review by mid to end of next week.

Greenhouse Gas Inventory - Susan Worthen attended a workshop sponsored by the
Pew Center to discusss various strategies and lessons learned by other
companies.  Working with Mary Schoen to identify EPA contact for a demo of
the Climate Wise software, which Sunoco highly recommended as did another
company previously did.  A.D. Little was  hired to review the Enron
greenhouse gas estimates  and verify them as being calculated accurately
prior to potential public communication. They have identified systematic
mathematical and formula (methodology) errors in our international
inventory.  Ramiro Garcia (Enron contract environmentalist) is assisting with
the revision.  ADL will present their findings to us next week.

ENEL, Nicaragua - Mike Fuentes is performing the environmental due
diligence.  Don Stevens will perform the cost estimate.


--

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E201B-1: Macroeconomics


SK - I printed this out for you and also gave Rick a copy.  mm

Cynthia's accomplishments and objectives are included in the attached.
Please let us know if you need anything additional.  Thanks.


What should I do with this?  SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 03/10/2000
11:59 AM ---------------------------

PeopleFinder <peoplefinder@enron.com> on 02/03/2000 03:55:08 PM
Please respond to peoplefinder@enron.com
To: Sara Shackleton/HOU/ECT@ECT
cc:
Subject: PeopleFinder change confirmation #949614906.854

This is a change ticket from the PeopleFinder.

The PeopleFinder received these changes to your information
from the Change Request page on 2/3/2000:

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Clement:  We have an add'l issue on the LM  6000's and that is on IDC.  My
understanding is when we originally structured the sharing of the West LB
interim interest, we were assuming the turbines would move out of the
facility to Project Facilities.  Since we have turbines that do not have
homes, but will continue to incur add'l IDC, we would like to agree on a new
methodology for accruing IDC per turbine.  We look forward to meeting with
you soon to discuss this.  Let me know when you are available.

Thanks, Thomas.
---------------------- Forwarded by Thomas M Suffield/Corp/Enron on
06/22/2000 03:16 PM ---------------------------

Thomas M Suffield
06/22/2000 01:33 PM
To: Matthew Berry/HOU/ECT@ECT
cc: Billy Lemmons/Corp/Enron@ENRON, Ben Jacoby/HOU/ECT@ECT, Chris
Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron, Bruce
Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Humberto
Cubillos-Uejbe/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON, Lisa
Bills/Corp/Enron@ENRON, Mathew Gimble/HOU/ECT@ECT, Eric
Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Herman Manis/Corp/Enron@ENRON,
Roger Ondreko/HOU/ECT@ECT, Stanley Farmer/Corp/Enron@ENRON

Subject: Re: LM6000 spending vs West LB budget

Matt:  thanks for the memo.
As per my discussions with Billy, there is no problem with Austin being on
balance sheet because we are accounting for our interest as a % of the J.V.
and will accrue income, not Fair Value it.
As to the turbine/West L.B. structure moving forward, I have left a message
with Bruce Golden recommending in our next meeting we include the
Procurement/Purchasing agent from NEPCO who would be involved in any
ancillary purchases.  Additionally, accounting should be represented.

Let us know when next week will work for you.  Thanks, Thomas.

Matthew Berry@ECT
06/22/2000 12:09 PM
To: Ben Jacoby/HOU/ECT@ECT
cc: Billy Lemmons/Corp/Enron@ENRON, Thomas M Suffield/Corp/Enron@ENRON, Chris
Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kay Mann/Corp/Enron@Enron, Bruce
Golden/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Humberto
Cubillos-Uejbe/HOU/ECT@ECT, Roseann Engeldorf/Corp/Enron@ENRON, Lisa
Bills/Corp/Enron@ENRON, Mathew Gimble/HOU/ECT@ECT, Eric
Booth/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Herman Manis/Corp/Enron@ENRON,
Roger Ondreko/HOU/ECT@ECT

Subject: LM6000 spending vs West LB budget

Ben,

I want to further discuss a few issues that arose from yesterday's LM6000
budget meeting. When structuring the Acquisition and Development Agreement
(ADA) for the LM6000s with West LB, a spending budget for major equipment
purchases was put together and signed off by Mike Miller and Chris Booth
which included ancillary equipment items, such as transformers but also
chillers, stacks and compressors, etc, through November 12, 2000. What I
heard in yesterday's meeting is that related to the LM6000's, NEPCO plans to
order not just major equipment but smaller items too.   We need to ensure
that  (1) the ADA as currently drafted allows for non-major items and (2)
those items have been budgeted. We will get back to you related to (1).

More generally, accounting has told us that NEPCO cannot pay directly for ANY
(big or small) hard costs for which it is not reimbursed (this includes items
for City of Austin until their units and associated ancillary equipment are
removed from the West LB structure). Specifically, that means NEPCO must  (1)
have a contract for all of the items (big or small) it plans to purchase on
behalf of West LB as its acquisition agent (Kay please provide such language
to Bruce Golden - he has informed me about an SCR LOI out there) and (2) have
it in the West LB budget.  It would be helpful if CTG could coordinate with
NEPCO so that all binding LOIs or contracts be reviewed ahead of time by
accounting and finance to ensure off-balance sheet treatment.

I will ask my assistant to put together another meeting to further discuss
the purchase process and that the current West LB budget truly reflects what
NEPCO plans to purchase on behalf of West LB.

Thanks,
Matt


---------------------- Forwarded by Tamara Jae Black/HOU/ECT on 12/06/2000
04:45 PM ---------------------------

Nicki Daw@ENRON
12/06/2000 04:35 PM
To: Felicia Doan/HOU/ECT@ECT, Tamara Jae Black/HOU/ECT@ECT
cc:
Subject: Floor Talk follow up survey

We want to see what the feeling is on these meetings, could you please send
this message and attachment to everybody on your floor?

Thanks

Nicki

_______________________________

We are interested in your feedback and would appreciate you taking the time
to complete the attached survey.

Thank you


-----------------------------------------------------------
Military Resale Group, Inc.
Corporate Profile:	     January 2002
2180 Executive Circle

Colorado Springs, CO 80906
Telephone:		719-391-4564
Facsimile:		719-391-4565
Ticker Symbol:       OTCBB - MYRG
Shares Outstanding:		6,630,004
Estimated Float:		1,220,004
52 Week Range:	      $2.27 - $0.03

Company Contact:	Mr. Ethan D. Hokit, President
------------------------------------------------------------
-

Military Resale Group, Inc. (OTCBB-MYRG) recently became a
"new" publicly-owned company as a result of its
acquisition in December 2001 by Bactrol Technologies, Inc.
 MYRG markets and distributes groceries and related
products to commissaries on U.S. military bases in the
Colorado area, where our operating roots go back five
decades.  Previously a publicly-traded corporate shell,
Bactrol Technologies acquired Military Resale Group in a
reverse acquisition, leaving 6.6 million shares
outstanding and only 1.2 million shares in the public float.

MYRG was incorporated in 1997 when it acquired Pittock
Distributors, Inc., a fifty-year old firm specializing in
distribution of products to the Military Resale Market.
At the time of the acquisition of Pittock, it had
approximately $750,000 in revenue.  Revenue has increased
over five-fold (5x) in the past four years reaching $4.8
million in 2001.  MYRG believes that revenue can increase
to a $12 million annualized rate by the end of 2002 with
the existing facilities.  President Ethan Hokit and GM Bob
Hefner have each been in the local military resale market
for over 25 years.

The Military Resale Market is a $15 billion niche market
with 13,000,000 authorized patrons, which operates under
the aegis of the Defense Commissary Agency (DeCA), a
Department of Defense (DOD) agency. The DOD's objective,
in this activity, is to operate resale store systems that
sell groceries (at commissaries) and general merchandise
(at exchanges, i.e., PXs) at the lowest possible prices.
The resulting average cost savings last year of 30.4% make
the system a major fringe benefit (untaxed) to military
personnel. The competitive structure of the Military
Resale Market consists of a few large distributors that do
not dominate the industry, and hundreds of smaller
distributors. MYRG's long-term strategy is to grow,
primarily by acquiring other small distributors, and also
by internal growth.

Positive Investment Theme

1. The Military Resale Market for groceries-merchandise is
a $15 billion a year niche industry.
-13,000,000 authorized patrons benefit from lower prices
(about 30%) and on-post shopping convenience.
-Demand is cyclically stable due to the basic product
nature and military headcount.
-Distributors require some specialized knowledge - a
barrier to entry - in this industry regulated by DeCA
(Defense Commissary Agency).

2. The shares possess several appealing investment features.
A.	They are statistically attractive, as measured by the
Market Value/Sales Ratio.
-MYRG's market value is currently about $2.0 million.
This is only .4x actual 2001 sales of $4.8 million and
only .3x projected 2002 sales of about $6.5 million, which
is well below the level of the Market Value/Sales ratio
for most stocks.
B.	The float is thin, containing only 1.2 million shares.
C.	A stock play on the Military Resale Market is a "new"
idea to investors and is defensive in a weaker economic
setting.

MYRG has set a target of reaching a trading range of $4.00
- $5.00 per share by year-end 2002 so that it can seek a
national exchange listing.


Current Notes User:

To ensure that you experience a successful migration from Notes to Outlook, it is necessary to gather individual user information prior to your date of migration.  Please take a few minutes to completely fill out the following survey. Double Click on document to put it in "Edit" mode. When you finish click "Close" select "Save Changes Only" click "O.K" then re-open the e-mail and click on the 'Reply With History' button then hit 'Send'  Your survey will automatically be sent to the Outlook 2000 Migration Mailbox.

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so it last week, pretty funny.  It looks like an actual commercial.  How are
things going with you?  Good I hope.  When am I going to get an invite to the
new pad?
PL


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Yes, please send this up to me.  Thanks!

	Diane Anderson@ENRON
	02/27/2001 09:31 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Bankers Trust/Deutsche Bank

Tana,

Yesterday, Deutsche Bank faxed me a "Derivatives Novation Letter" assigning
the
BT trades to Deutsche Bank-London Branch, as of February 23, 2001.  Attached
to
the novation letter is a 23 page deal by deal list of all novated deals (why
they
can't just say "all outstanding deals", I don't know).   Should I fax this up
to you?

Diane

From: Tana Jones@ECT on 02/27/2001 09:26 AM
To: Laurel Adams/HOU/ECT@ECT, Janie Aguayo/HOU/ECT@ECT, Kimberly
Allen/HOU/ECT@ECT, Diane Anderson/NA/Enron@Enron, Jean Bell/HOU/ECT@ECT, Bob
Bowen/HOU/ECT@ECT, Julie Brewer/NA/Enron@Enron, Sharen Cason/HOU/ECT@ECT,
Celeste Cisneros/NA/Enron@Enron, Jason Fischer/NA/Enron@Enron, Jorge A
Garcia/NA/Enron@Enron, Larry Joe Hunter/HOU/ECT@ECT, Kimberly
Hundl/Corp/Enron@Enron, Melissa Ann Murphy/HOU/ECT@ECT, Bianca
Ornelas/NA/Enron@Enron, Stephanie Piwetz/HOU/ECT@ECT, Melissa
Rodriguez/HOU/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Kim S Theriot/HOU/ECT@ECT,
Melinda Whalen/CAL/ECT@ECT, William  S Bradford/Enron@EnronXGate, Debbie R
Brackett/HOU/ECT@ECT, Tanya Rohauer/Enron@EnronXGate, Brant
Reves/Enron@EnronXGate, Tracy Ngo/PDX/ECT@ECT, Lesli
Campbell/Enron@EnronXGate, Veronica Espinoza/Enron@EnronXGate, Paul
Radous/Enron@EnronXGate, Wendi LeBrocq/Enron@EnronXGate, Russell
Diamond/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Edward
Sacks/Enron@EnronXGate, Nidia Mendoza/ENRON@enronXgate, Wendy
Conwell/NA/Enron@Enron, Darren Vanek/Enron@EnronXGate, Rudwell
Johnson/Enron@EnronXGate, Brent Hendry/NA/Enron@Enron, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Frank Sayre/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cheryl
Nelson/NA/Enron@Enron, Francisco Pinto
Leite/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marilyn Colbert/HOU/ECT@ECT, Diane
Ellstrom/Enron@EnronXGate, Lynn E Shivers/LON/ECT@ECT, Bill D
Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT, Carrie
Southard/LON/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Adnan Patel/Enron@EnronXGate,
Stacey Richardson/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Georgi
Landau/NA/Enron@ENRON, Cheryl Johnson/Corp/Enron@Enron, Stephanie
Sever/HOU/ECT@ECT, Mechelle Stevens/HOU/ECT@ECT
cc:

Subject: Bankers Trust/Deutsche Bank

Deutsche Bank has gotten back to me and is vacillating on what they want to
do with the Bankers Trust trades.  In particular, they haven't thought
through what they want to do with the online trades, don't like on online
documentation, and now they think they may want to do a full novation of the
trades once they decide how to resolve this.  So, until we hear back from
them (they said in about a week), just let the Bankers Trust financial trades
and master sit.


Ken Lay will attend.

Billy Dorsey@ENRON_DEVELOPMENT
03/21/2001 09:33 AM
To: Cliff Baxter/HOU/ECT, Jeremy Blachman/HOU/EES@EES, Philippe A
Bibi/HOU/ECT, Raymond Bowen/HOU/ECT, Michael R Brown@ECT, Harold G
Buchanan/HOU/EES@EES, Rick Buy/HOU/ECT, Richard Causey@ENRON, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox@Enron Communications,
David W Delainey/HOU/EES@EES, James V Derrick@ENRON, Steve Elliott@ENRON
COMMUNICATIONS, Jim Fallon/Enron Communications@Enron Communications, Andrew
S Fastow/HOU/ECT, Mark Frevert/NA/Enron, Ben Glisan@ECT, Kevin Hannon@ENRON
COMMUNICATIONS, Rod Hayslett/FGT/Enron, Stanley Horton@ENRON, James A
Hughes/ENRON_DEVELOPMENT, Steven J Kean/NA/Enron@Enron, Louise Kitchen@ECT,
Mark Koenig@ENRON, Kenneth Lay@ENRON, John J Lavorato/Enron@EnronXGate, Dan
Leff/HOU/EES@EES, Danny McCarty@ECT, Mike McConnell/HOU/ECT@ECT, Rebecca
McDonald/ENRON_DEVELOPMENT, Jeffrey McMahon/HOU/ECT, Mark Metts/NA/Enron,
Mark S Muller/HOU/EES@EES, Cindy Olson@ENRON, Karen S Owens@ees@EES, Ken
Rice@ENRON COMMUNICATIONS, Matthew Scrimshaw@ECT, Jeffrey A
Shankman/Enron@EnronXGate, Jeffrey Sherrick/Corp/Enron, John Sherriff@ECT,
Jeff Skilling@ENRON, Marty Sunde/HOU/EES@EES, Greg Whalley@ECT, Thomas E
White/HOU/EES@EES, Greg Piper/Corp/Enron, Janet R Dietrich/HOU/EES@EES
cc: G G Garcia@Enron, Susan Skarness/HOU/ECT, Karen K Heathman/HOU/ECT,
Sharron Westbrook@ENRON, Kay Chapman/HOU/EES@EES, Stephanie
Harris/Corp/Enron, Bridget Maronge/HOU/ECT, Nicki Daw/NA/Enron, Inez C
Dauterive@ECT, Carol Ann Brown@ECT, Cindy Stark@ENRON, Maureen
McVicker/NA/Enron@Enron, Joannie Williamson@ENRON, Rosalee Fleming@ENRON,
Vanessa Groscrand@ENRON, Tori L Wells@ECT, Cathy Phillips@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT, Sue Ford/HOU/ECT, Dolores Fisher/NA/Enron, Karen
Owens/HOU/EES@EES, Dorothy Dalton@ENRON COMMUNICATIONS, Mercedes E
Estrada@Enron Communications, Christina Grow@ENRON, Lauren Urquhart@ECT,
Sherri Sera/Corp/Enron@ENRON, Liz M Taylor@ECT, Judy G Smith/HOU/EES@EES,
Kathy McMahon/NA/Enron@Enron, Suzanne Danz@ENRON, Peggy McCurley/HOU/ECT,
Marsha Schiller/HOU/ECT, Samantha Lopez-Dias/EU/Enron@Enron, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT, Tammie Schoppe@ECT, Kimberly Hillis/HOU/ECT,
Jennifer Burns/HOU/ECT, Sharon W Dick@ECT, Beverly Aden/HOU/EES@EES, Kathy
Dodgen/HOU/EES@EES, Kerry Ferrari@ECT, Carol Moffett/HOU/EES@EES, Jennifer T
Adams/HOU/EES@EES, Leah Rijo@ECT, Lucy Marshall/Enron Communications@Enron
Communications, Kathy Campos/GPGFIN/Enron, Julie Armstrong@Enron, Binky
Davidson/HOU/EES@EES, Mrudula Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Kelly Johnson@Enron, Rebecca Carter@ENRON, Tina Spiller/Corp/Enron, Vivianna
Bolen/Corp/Enron, Linda Hawkins@ENRON, Vanessa Bob@Enron
Subject: Executive Committee Meeting March 26th

Executive Committee Weekly Meeting
Date:  Monday, March  26th
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Bill Dorsey (713/646-6505) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person _______

 By video conference from _______

 By conference call  _______

 No, I will not attend  _______

Please return this e-mail to me with your response by 12:00 p.m., Friday,
March 23rd.

Thank you,
Bill Dorsey.


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/11/2000 05:25 PM
---------------------------

	From:  Thomas Engel                           01/11/2000 05:10 PM

To: William Kelly/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Scotty Gilbert/HOU/ECT@ECT, Chuck
Kent/Corp/Enron@ENRON, Kathryn Cordes/HOU/ECT@ECT
cc:
Subject: NEW SITARA RISK ASSIGNMENT DEMOS

Please forward to your respective personnel.

There will be 2 demos of the New SITARA Risk Assignment release this Thursday
(Jan 13) in room EB 2537 from 11:15-12:15, and 1:00-2:00.

There will be additional demos for the general SITARA population the
following week; however, since these changes effect you the most,  I highly
recommend you attempt to make one of the sessions this week.   We planning on
rolling the new changes out the weekend of Jan 22.   These are some major
changes that will effect every deal with risk assignment.

Please make every effort to attend.

If you currently enter deals with risk assignment - hands on training can be
arranged.  Also, we will be available to assist you as needed after
implementation.


Thanks!


Carol St. Clair
EB 3889
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 04/11/2001 01:41 PM -----

	Julia Murray
	04/11/2001 12:57 PM

		 To: Dan Lyons/HOU/ECT@ECT, Peter del Vecchio/HOU/ECT@ECT, Lou
Stoler/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Deb Korkmas/HOU/ECT@ECT, Michelle Cash/HOU/ECT@ECT
		 cc:
		 Subject: Hawaii Presentation

fyi

Julia Heintz Murray
Enron Wholesale Services
Enron Industrial Markets LLC
1400 Smith Street, EB3838
Houston, TX  77002
(713) 853-4794
Fax:  (713) 646-3393
julia.murray@enron.com

----- Forwarded by Julia Murray/HOU/ECT on 04/11/2001 12:56 PM -----

	Darlene C Forsyth/ENRON@enronXgate
	04/11/2001 08:23 AM

		 To: AnnMarie Tiller/ENRON@enronXgate, Brent Vasconcellos/ENRON@enronXgate,
Danny Wilson/ENRON@enronXgate, David C Williams/ENRON@enronXgate, James
Sandt/ENRON@enronXgate, Vicki Sharp/HOU/EES@EES, Kristina Mordaunt/Enron
Communications@Enron Communications, Travis McCullough/HOU/ECT@ECT, Alan
Aronowitz/HOU/ECT@ECT, Julia Murray/HOU/ECT@ECT, Lance
Schuler-Legal/HOU/ECT@ECT, Daniel R
Rogers/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Alan Quaintance
Jr/ENRON@enronXgate
		 cc: davidbarbour@akllp.com@SMTP@enronXgate, Charles Delacey/HOU/ECT@ECT,
Gareth Bahlmann/ENRON@enronXgate, Ryan Siurek/Corp/Enron@ENRON, Bill
Bowes/ENRON@enronXgate, Jordan Mintz/ENRON@enronXgate, Barry
Schnapper/Corp/Enron@Enron, Leslie Linares/ENRON@enronXgate
		 Subject: Hawaii Presentation

David Barbour, Andrews & Kurth, with the assistance of Enron representatives
from Global Finance Commercial, Legal, Accounting, and Tax, will make a
presentation on the Hawaii 125/140 Structure on Monday, April 30th, from
11:30 - 1:00, in EB 30C1.

Please feel free to extend an invitation to whomever in your Group who may
benefit from this presentation.

Please RSVP to Leslie Linares at x 57730 or by email, by Thursday, April 27,
as lunch will be served.

Thanks,
Darlene


Kevin

I agree.  If we ultimately trade out of Toronto, the P/L responsibility will
probably role into you.  It looks like we were trying to close Garret Tripp
(Associate) to move to Toronto and start looking at this stuff.  If he is
going, you should meet with him before he goes.


This is clearly an Associate.  He just left business school didn't he.

 -----Original Message-----
From: 	Presto, Kevin
Sent:	Monday, April 09, 2001 8:22 AM
To:	Lavorato, John
Subject:	Re:

I was thinking Manager given his work experience.   Is that a problem?


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/19/2000 07:50
AM ---------------------------

david.onuscheck@ustra.mail.abb.com on 12/19/2000 07:19:06 AM
To: Dale.Rasmussen@enron.com
cc: Kay.Mann@enron.com

Subject: Re: Facility Agreement--"breakout contract"

I will review it tomorrow and touch base with you or Kay.  I will be at a
closing the next two days, which has tied me up for weeks, but 99% of the work
for it should be done today.  That will give me time to focus on this.  I will
call tomorrow.

|------------->
|(Embedded    |
|image moved  |
|to file:     |
|pic16357.pcx)|
|             |
|------------->
  >------------------------------------------------------------------------|
  |Dale.Rasmussen@enron.com                                                |
  |12/18/2000 06:57 PM                                                     |
  >------------------------------------------------------------------------|

To:   David Onuscheck/ETI/USTRA/ABB@ABB_USTRA
cc:   Kay.Mann@enron.com
Subject:  Facility Agreement--"breakout contract"

Security Level:?         Internal

Kay Mann passed along your e-mail address when I asked about how I could be
of help in moving the Facility Agreement "breakout contract" forward.

I am working on a transaction that will require that we have the ability to
move two of the ten transformers Enron North America, as agent, purchased
from ABB.  The transaction is expected to be signed prior to the end of the
year.

The counterparty to our transaction has pressed us for a copy of the
contract under which the transformers will be conveyed.  I understand that
you have been working with Kay on the form of contract.  To the extent that
I can provide any input or can otherwise move the process along, I am
anxious to do so.

Please give me a call to discuss how we can move the process forwards.  I
can be reached at (503) 464-8863.

Thanks.


(For e-mailing list removal information see bottom of email.)

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Chuck,

This is a read-only file.  I'm unable to print it out to show to Greg.
Please provide me with a hard copy.  Greg doesn't read e-mail regularly.  I
keep an eye on this e-mail and print out things that require his immediate
attention.  You may want to deliver me hard copies of the P&Ls.

Liz

Chuck Ames@ENRON
02/02/2001 04:19 PM
To: Greg Whalley/HOU/ECT@ECT
cc:
Subject: 02/01/01 P&L

Greg,

Here's the P&L as of last night.  When I get the newest one I'll forward it
along.

Chuck


Due to an instructor illness - the Tuesday, 12:20pm Cardio Kick II Class has been cancelled.

We appreciate your patience and understanding.

The Body Shop


Chris--This is a duplicate of what I sent you earlier today.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03-30-00 Daily VolsAM.xls


the comprehensive report on private companies and private capital <http://professional.venturewire.com>

Dear Jeffrey:
I'm pleased to offer you an opportunity to become a charter subscriber <http://professional.venturewire.com/splash.asp> to our new VentureWire Professional edition, a premium service that we've designed for those with a direct, competitive stake in the business of venture capital and private technology companies.

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I invite you to subscribe to VentureWire Professional today at the introductory price for charter subscribers of $495 a year.! And we'll take the risk. If you are not completely satisfied, you can cancel your subscription at any time and we'll refund the balance.

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I hope you'll take advantage of this opportunity to become a charter subscriber to VentureWire Professional. I look forward to hearing from you today.

Sincerely,

Brian O'Connell
Publisher
VentureWire


Trojan horse (TRO-juhn hors) noun

   1. A subversive group or device placed within enemy ranks.

   2. The hollow wooden horse in which, according to legend, Greeks hid
      and gained entrance to Troy, later opening the gates to their army.

   3. A set of instructions hidden inside a legitimate program, causing
      a computer to perform illegitimate functions.

[From Troy, a ancient city of northwest Asia Minor near the Dardanelles.]

   "Some upholders of academic tradition argue that the universities
   have been too ready to allow a Trojan horse inside the walls of
   learning."
   Science has enriched the university, The Economist, 4 Oct 1997.

This week's theme: toponyms.

.............................................................................
We are usually convinced more easily by reasons we have found ourselves than
by those which have occurred to others. -Blaise Pascal (1623-1662) [Pensees]

What to give to the person who has everything? Give the gift of words.
Here is a gift that keeps on giving. To enter a gift subscription of
A.Word.A.Day, please visit http://wordsmith.org/awad/gift.html
To subscribe yourself, use http://wordsmith.org/awad/subscribe.html

Pronunciation:
http://wordsmith.org/words/Trojan_horse.wav
http://wordsmith.org/words/Trojan_horse.ram


<<Enron Corp..doc>>

Mary Helen Potts
IGA, INC.
209 North Main Street - Suite #203
High Point, North Carolina  27260  USA

Phone:     336   889-8962
Fax:       336   886-6505

 - Enron Corp..doc


Start Date: 4/25/01; HourAhead hour: 3;  No ancillary schedules awarded.
Variances detected.
Variances detected in SC Trades schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042503.txt

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 3 / Preferred: -575.00 / Final: -574.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/25/01
  TRADING_SC: NES1
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 3 / Preferred:   1.96 / Final:   1.93)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/25/01
  SC_ID: EPMI


Guys, I noticed that the corporate tax allocation to ENA has more than
doubled from 2000 forecast to 2001 plan ie) $1,600,000 from $700,000.  Could
you please explain.  Our goal which is being met in ENA's direct expense
groups is to remain flat year or year from 2000 to 2001.

Regards
Delainey


-----Origina
[Hope, Valeria A.]   FYI; Kelly has agreed to look for a job internally for the next 45 days, then if unable to find one will take the performance severance.

   Valeria
  Message-----
From: Brown, Cole
Sent: Friday, October 26, 2001 12:07 PM
To: Hope, Valeria A.
Subject: FW: Have you read this?

FYI
-----Original Message-----
From: Kelly Summers [mailto:ksummers1@houston.rr.com]
Sent: Thursday, October 25, 2001 5:55 PM
To: Brown, Cole
Subject: Have you read this?

I was wondering if you had read this.  You have to know that people at Enron are getting 5 ratings that do not deserve them.  There is a very big problem.  Even though my situation is not an executive situation, Enron has been my life for 14 years.  I have been a dedicated, hard-working, employee that did not in any way deserve to be forced out of a position because the bosses got along better with other individuals in the group.   I questioned procedures, and shared my knowledge, came up with better ways of doing things and look where it got me.  I was not given the recognition I deserved because of corrupt individuals that were afraid for their own jobs,  now I am leaving and they get to stay.  It looks like this is happening even at high levels.

I have been looking every day at postings.  It's not looking promising since I have only until November 18.

<http://texasmonthly.emailthis.clickability.com/et/emailThis?clickMap=viewThis&etMailToID=1136446054>


Dear Power Outage Database Customer,
Attached you will find an excel document. The outages contained within are forced or rescheduled outages. Your daily delivery will still contain these outages.
In addition to the two excel documents, there is a dbf file that is formatted like your daily deliveries you receive nightly. This will enable you to load the data into your regular database. Any questions please let me know. Thanks.
Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com
THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND CONFIDENTIAL INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.
 - OUTAGE.dbf
 - 011402.xls
 - 011402R.xls


Please mark your schedules to note the change in the dial-in information for
the call mentioned above.  This change will take place immediately.

Date:  Thursday (weekly call)

Time:  4:30 pm (CDT)

Number: 1-800-998-2462 (domestic)
  703-736-7230 (international)
  passcode 5316376

Thanks and please don't hesitate to call me if you have any questions.

gngr
713-853-7751


Some of our people get asked on the phone about what is going on in
California.  I have drafted the attached paper for their use.  It is intended
to be simple and user-friendly.  Your thoughts on whether I achieved that
objectvie are welcome.  More importantly, I need you to confimr that I got
the story and facts correct, and that I have not said anything about the
situation that you (Enron USA) would not want to say, or have not said, or if
we have said something fundamentally different, I need to know that, too.
thanks for taking the time to review.  mcs


GREG WHALLEY: IN THE LINE OF FIRE
BusinessWeek, 09/10/01

Enron Wins Document Protection Order From Calif Judge
Dow Jones Energy Service, 09/06/01
Power regulators still debating decisions on key energy issues
Associated Press Newswires, 09/06/01
Black Hills Corp Buys Las Vegas Power Plant
Dow Jones News Service, 09/06/01

Enron's subsidiary serves arbitration notice on Indian government
Associated Press Newswires, 09/06/01
India Enron Subsidiary Serves Arbitration Notice On Govt
Dow Jones International News, 09/06/01
INDIA: US seeks India's cooperation in energy security.
Reuters English News Service, 09/06/01

SPRINGS DECLINES TO JOIN LAWSUIT ON POWER PLANT
South Florida Sun-Sentinel, 09/06/01

California Panel Delays Vote on Power-Provider Choice (Update1)
Bloomberg, 09/06/01

RWE Energy Trading Division to Set Up U.S. Unit, Take on Enron
Bloomberg, 09/06/01

In Business This Week: HEADLINER
GREG WHALLEY: IN THE LINE OF FIRE
By Stephanie Anderson Forest
Edited by Monica Roman

09/10/2001
BusinessWeek
56
(Copyright 2001 McGraw-Hill, Inc.)

Greg Whalley knows a thing or two about getting ready for battle. During the 1980s, the West Point graduate served with the U.S. Army. That experience could come in handy in his new job as president and chief operating officer of Houston energy trader Enron.
Since the beginning of the year, Enron shares have plunged 50% in the wake of dropping energy prices. The stock has also been hit by fallout from other issues, including the company's ailing broadband venture and the abrupt, Aug. 14 resignation of President and CEO Jeffrey Skilling.
Following Skilling's departure, Whalley, 39, was promoted along with Mark Frevert, who was named vice-chairman. Both were elevated to the office of the chairman.
Whalley is now seen by outsiders as the leading contender for Enron's top post. But Chairman Kenneth Lay, who reassumed Enron's CEO title when Skilling stepped down, cautions that the promotions should not be viewed as the last word in the company's succession plan.

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

Enron Wins Document Protection Order From Calif Judge
By Jessica Berthold

09/06/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES
LOS ANGELES -(Dow Jones)- A Sacramento Superior Court judge Thursday ruled that Enron Corp (ENE) must comply with a legislative subpoena of financial documents, but reversed an earlier decision and granted the company a protective order of the documents, according to a copy of the ruling seen by Dow Jones Newswires.
Enron said the ruling was a victory, as the company has always maintained it would be happy to comply with the subpoena by the state Senate committee as long as the company received a protective order.
"We are obviously very happy with the ruling and look forward to working with the committee to come up with a protective order that truly protects our proprietary information," said Enron spokesman Mark Palmer.
The Senate Select Committee To Investigate Market Manipulation has already cited Enron and Reliant Energy, Inc (REI) with contempt for refusing to provide documents, a charge for which the companies could be fined.
Once Enron and the committee draft a protective order and the judge agrees to it, the company will hand over any documents that the committee wants, Palmer said.
However, an attorney for the committee expressed skepticism that the company would actually follow through.
"We have no indication from Enron that they would agree to produce the documents we've requested, even with the confidentiality order," said Larry Drivon, special counsel to the committee.
He added that he could not speculate if the committee would drop its contempt charge if Enron did produce all requested documents.
In his decision granting the protective order, Judge Charles Kobayashi wrote that he was not convinced the committee has solid standards in place to ensure Enron's protection.
"It is clear that there are no standards for determining what are the available protections, no procedure for determining what is a legitimately confidential, privileged, proprietary matter, no procedure for oversight and no prescribed remedy for (Enron) for any unauthorized disclosures," Kobayashi wrote.
Last week, a San Francisco Superior Court judge granted Enron a protective order in a separate investigation by the state attorney general.
-By Jessica Berthold; Dow Jones Newswires; 323-658-3872; jessica.berthold@dowjones.com

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

Power regulators still debating decisions on key energy issues
By KAREN GAUDETTE
Associated Press Writer

09/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

SAN FRANCISCO (AP) - State power regulators on Thursday once again delayed suspending the option that allows Californians to choose their electricity provider.
Though a mere 200,000 Californians switched from their local utility to companies such as Green Mountain Energy or Enron, the Legislature has ordered the Public Utilities Commission to temporarily end consumer choice to keep three struggling utilities from losing more customers.
Pacific Gas and Electric Co., Southern California Edison Co. and San Diego Gas and Electric Co. are on the hook for the state's power-buying costs.
The PUC is expected to suspend direct access retroactively to July 1. Energy service providers, such as solar and wind-powered electricity seller Green Mountain Energy, say it's unconstitutional, and have vowed to fight the PUC in court.
The PUC also delayed voting on several key issues that would affect Californians' electric bills. It plans to take up these issues at a newly scheduled meeting Sept. 13:
- A proposal to grant the state's power-buying agency the authority to raise electric rates on its own without PUC review to ensure such rates are justified.
- A proposal to raise rates for San Diego Gas and Electric Co. residential customers by an average of 12 percent.
- A proposal that bills Pacific Gas and Electric Co. $6.5 billion, Southern California Edison Co. $4 billion and SDG&E $1.5 billion to help the state recoup its power-buying costs.
PUC President Loretta Lynch said the commission needs more time to review a flood of comments from utilities, consumer advocates and other parties to those decisions.
The state plans to recover some of the money it has spent buying power by collecting a portion of ratepayer money.
The more ratepayers each utility has, the lighter the blow to each customer's electric bill. But it would come at the expense of consumer choice, which lawmakers had promoted as the method by which deregulation would foster competition and lead to lower electric rates.
Rick Counihan, vice president and general manager of Green Mountain Energy, said if the PUC suspends consumer choice until the state stops buying power for the utilities - potentially a decade down the road - consumer choice is dead.
"(Direct access) was one of the few good things that came out of the restructuring," Counihan said.
Just as some environmentally conscious customers buy organic produce or recycled paper products, the option to leave their utility and buy power largely generated by the wind or sun was another way they could make a difference, he said.
Under the PUC plan, customers who signed up with an energy provider before July 1 could keep their contracts until they expire. Deals signed after that date would be nullified, and the customer would be forced to return to a local utility.
PUC Commissioner Richard Bilas, a vocal proponent of direct access, is hopeful it could resume after the finances of PG&E, Edison and SDG&E improve.
"When the utilities get back in the business - if they ever get back in the business of going out and buying electricity on behalf of themselves - that could open up direct access again," Bilas said. He predicted that could happen 18 months from now.
Counihan was less optimistic.
"I'm very skeptical that we, or other providers, will come back to California," Counihan said. "We'll very likely take our marketing activities and reallocate to other states that are more friendly."
Counihan also worried a temporary suspension would give the big three utilities no incentive to retain an infrastructure of computers and other technology put into place to process customers who switched to the alternative energy firms.
---
On the Net:
http://www.cpuc.ca.gov

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

Black Hills Corp Buys Las Vegas Power Plant

09/06/2001
Dow Jones News Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

RAPID CITY, S.D. -(Dow Jones)- Black Hills Corp.'s (BKH) independent energy unit Black Hills Energy Ventures completed the acquisition of a 273-megawatt gas-fired co-generation power plant in Las Vegas from Enron Corp.'s (ENE) Enron North America unit.
Black Hills Energy said in a press release Thursday the cost for the entire facility is expected to be about $330 million. The price of the transaction was previously undisclosed.
Black Hills is in the process of obtaining long-term financing, which primarily will be non-recourse project debt.
Black Hills Energy and Enron's unit signed a definitive agreement for the transaction in July.
New York Stock Exchange-listed shares of Black Hills traded recently at $31.81, down 5 cents, or 0.2%, on composite volume of 48,000 shares. Average daily volume is 178,092 shares.

Black Hills Energy said it minimizes its risk exposure while securing significant recurring revenue and earnings streams by linking the Las Vegas facility to long-term contracts and fuel provision requirements.
An expansion of the present 51-megawatt cogeneration plant is now underway. Most of the power from that facility is under a long-term contract expiring in 2024, with the remainder being merchant power.
Black Hills Energy has sold 50% of the 51-megawatt power plant to another party.
Construction of a new combined cycle generation facility adjacent to the existing plant will add about 222 megawatts of capacity to the existing plant site.
The new generation is expected to be fully operational by the third quarter of 2002.
The power of the expansion is sold under a long-term contract expiring in 2017. The contract requires the purchaser to provide fuel to the power plant when the plant is dispatched.
Company Web site: http://www.blackhillscorp.com
-Consella A. Lee; Dow Jones Newswires; 201-938-5400

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

Enron's subsidiary serves arbitration notice on Indian government

09/06/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

NEW DELHI, India (AP) - The Indian subsidiary of power giant Enron Corp. has served an arbitration notice on Prime Minister Atal Bihari Vajpayee's government for payment of 1.02 billion rupees (dlrs 21.7 million) owed by a state utility company, a news report said Thursday.
The government had provided guarantees that it would meet the obligations of the Maharashtra State Electricity Board if the latter failed to pay for the electricity purchased from one of Houston-based Enron's plants in western India.
The plant stopped operation in May after its sole customer, the Maharashtra State Electricity Board, canceled a sevem-year-old power purchase agreement.
"We sent the arbitration notice on Sept. 4 to the government of India," Press Trust of India news agency quoted Jimmy Mogal, a spokesman for Enron's Indian subsidiary, Dabhol Power Corporation, as saying.
The arbitration proceedings will be held in London, PTI said. No date has been fixed so far.
Enron says the board did not have the right to cancel the agreement.
The state government says that DPC's electricity is overpriced and it favors renegotiation of the power purchase agreement between the company and the state utility. There is a court dispute between Dabhol and the electricity board over payment of outstanding bills.
(aks-gs)

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

India Enron Subsidiary Serves Arbitration Notice On Govt

09/06/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

NEW DELHI (AP)--The Indian subsidiary of power giant Enron Corp. (ENE) has served an arbitration notice on Prime Minister Atal Bihari Vajpayee's government for payment of $21.7 million owed by a state utility company, a news report said Thursday.
The government had provided guarantees that it would meet the obligations of the Maharashtra State Electricity Board if the latter failed to pay for the electricity purchased from one of Houston-based Enron's plants in western India.
The plant stopped operation in May after its sole customer, the Maharashtra State Electricity Board, canceled a 7-year-old power-purchase agreement.
"We sent the arbitration notice on Sept. 4 to the government of India," Press Trust of India news agency quoted Jimmy Mogal, a spokesman for Enron's Indian subsidiary, Dabhol Power Corp., as saying.
The arbitration proceedings will take place in London, PTI said. No date has been fixed so far.
Enron says the board didn't have the right to cancel the agreement.
The state government says DPC's electricity is overpriced, and it favors renegotiation of the power-purchase agreement between the company and the state utility. There is a court dispute between Dabhol and the electricity board on payment of outstanding bills.

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

INDIA: US seeks India's cooperation in energy security.

09/06/2001
Reuters English News Service
(C) Reuters Limited 2001.

BOMBAY, Sept 6 (Reuters) - The United States has sought India's cooperation in protecting oil and gas supplies from the the volatile Middle East region, the main supplier of crude oil for both the countries.
"The Persian Gulf, and the lines of communication connecting that region with the rest of the world remain critical for the security of both countries," U.S. Ambassador Robert D. Blackwill told a business conference on Thursday.
He said the United States and its allies depended on the Middle East for half of their crude oil imports, while India banked on the region for 90 percent of such imports.
"Consequently, the flow of oil and gas from the Middle East must be safeguarded and free of threats stemming either from military aggression or from acts of terrorism," he said.
"Parallel with efforts by the international community, the United States and India can work more closely together to achieve this objective."
He said both countries wanted a higher global supply of energy as the current production levels were inadequate.
"This implies that there will be increasing joint opportunities to exploit new technologies to increase energy supplies."
Blackwill said American energy firms were world leaders and their investments in the U.S. and abroad enhanced efficiencies.
"Despite current difficulties, we hope those U.S. firms can thrive in India."
U.S. energy firm, Enron Corp , is embroiled in a bitter payments dispute with a local utility and has declared it wants to sell its 65-percent stake in the $2.9-billion Dabhol power plant-the largest direct foreign investment in India.
Another American energy firm, AES Corp is also facing a payments dispute and said recently it wanted to sell its stake in a distribution company in the eastern state of Orissa.
Blackwill said problems faced by multinational investors had "darkened" India's investment climate.
"I know this personally from speaking with some of the premier American business executives with major investments in Asia."

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

LOCAL
SPRINGS DECLINES TO JOIN LAWSUIT ON POWER PLANT
Sallie James Staff Writer Staff Writer Jeremy Milarsky contributed to this report.

09/06/2001
South Florida Sun-Sentinel
Broward Metro
4B
(Copyright 2001 by the Sun-Sentinel)

A tiff may be brewing among three north Broward cities whose concerns about a power plant have already spawned a lawsuit.
So far, the city of Coconut Creek has sued the city of Deerfield Beach, claiming Deerfield illegally approved a site plan that would allow Enron Corp. to build a power plant east of Florida's Turnpike.
Now Coconut Creek officials are trying to draw Coral Springs into the fray, asking the city to join its lawsuit with some financial assistance and public backing. So far, Coral Springs has declined.
Coral Springs Commissioner Rhonda Calhoun called the maneuverings "treacherous," and the dialogue among city officials is becoming contentious.
The lawsuit, filed in July, accuses Deerfield Beach of illegally approving a site plan.
In the suit, Coconut Creek officials claim Deerfield Beach erroneously approved the plant because it overlooked a loophole in a zoning law. Because of a complicated 1990 annexation law, only City Hall staff members could decide whether Enron could build its plant in Deerfield Beach.
Staff members could reject the project only if they could prove the plant broke city laws.
Coral Springs is reluctant to sue a sister city and twice has delayed action on Coconut Creek's request to become a party to their lawsuit. Coconut Creek Vice Mayor Jim Waldman and Mayor Gloria Fantl both tried to convince Coral Springs officials they really would not be suing the city.
Just don't think of The City of Coconut Creek vs. the City of Deerfield Beach as a lawsuit, Waldman told Coral Springs commissioners on Tuesday. He suggested they view it as "empowerment" instead.
"It is not a city suing a city," said Waldman, even though Coral Springs City Attorney Sam Goren affirmed the litigation is most definitely a city suing a city. "What we are actually doing is empowering Deerfield Beach, their elected officials, to do what they wanted to do. The vehicle, unfortunately, is through the legal system, and it says we have to sue the party who made the decision."
Waldman's comments irked Deerfield Mayor Al Capellini.
"Our fellow commissioners in Coconut Creek ... they are ... trying to convince Coral Springs to join in their suit against Deerfield Beach. So next time you're going through Coconut Creek, think about that," Capellini said to the audience at Tuesday's Deerfield Beach commission meeting.
Afterward, he added, "If Jim Waldman was concerned about empowering us, why don't they pick up the phone and have a discussion with us? Do they think a lawsuit is a proper way to spend taxpayers' money? We find it offensive that they think our city attorney and our five commissioners don't know how to interpret the law."
Coral Springs Mayor John Sommerer also was also wary.
"I have heard commissioners from Deerfield Beach say they don't know what the heck Coconut Creek is trying to pull," Sommerer said.
Staff Writer Jeremy Milarsky contributed to this report.
Sallie James can be reached at sjames@sun-sentinel.com or 954-572- 2019.

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

California Panel Delays Vote on Power-Provider Choice (Update1)
2001-09-06 15:34 (New York)

California Panel Delays Vote on Power-Provider Choice (Update1)

     (Adds comments from PUC commissioner in seventh, eighth
paragraphs.)

     San Francisco, Sept. 6 (Bloomberg) -- California regulators
delayed a vote on a plan to suspend utility customers' right to
choose their own power provider, a move officials say is needed to
ensure there is a market for electricity the state is buying.

     The California Public Utilities Commission will consider the
issue of so-called ``direct access'' at a meeting on Sept. 13. The
delay gives customers of three state utilities more time to switch
power providers, leaving fewer customers behind to help the state
recover its costs, officials said.

     ``The longer that we drag this thing out, the more damage
that is going to be done,'' said Commissioner Carl Wood.

     The state has spent more than $8.6 billion buying power on
behalf of utilities owned by PG&E Corp., Edison International and
Sempra Energy. PG&E's Pacific Gas & Electric and Edison's Southern
California Edison became insolvent buying power for more than they
could charge customers. Rates paid by utility customers would help
reimburse the state for power-buying expenses.

     One of the promises of the deregulation of California's
electricity market was that customers would be allowed to leave
Pacific Gas & Electric, Southern California Edison or Sempra's San
Diego Gas & Electric and buy electricity provided by other
companies. Assembly Bill 1X, the legislation that allowed
California to buy power on behalf of utilities, called for the
suspension of direct access.

                         Bilas Delays Vote

     The vote was delayed by PUC member Richard Bilas. Bilas is
one of two commissioners appointed by former Governor Pete Wilson,
a Republican, and is a supporter of power-provider choice. The
other three commissioners were appointed by Governor Gray Davis,
who signed Assembly Bill 1X in February.

     After the meeting, Bilas said he delayed the vote to give
utility customers more time to switch their energy provider. Bilas
was able to delay the vote because he had an alternate proposal on
the issue on the PUC agenda.

     ``Direct access hasn't died yet,'' Bilas told reporters.
``It'll go to heaven next Thursday I believe -- probably on a 3-2
vote.''

     In July, the latest month for which data is available, 7,647
California customers switched to a direct-access power provider
from a utility, according to the PUC. Another 7,494 customers
switched to a utility from a direct-access provider.

     The PUC's plan to suspend direct access is opposed by the
Alliance for Retail Energy Markets, a group that includes such
power providers as Enron Corp., AES NewEnergy, Calpine Corp. and
Green Mountain Energy Co.

RWE Energy Trading Division to Set Up U.S. Unit, Take on Enron
2001-09-06 09:42 (New York)

RWE Energy Trading Division to Set Up U.S. Unit, Take on Enron

     Essen, Germany, Sept. 6 (Bloomberg) -- RWE AG, Europe's No. 4
power company, said it's setting up an energy trading unit in
Texas, bidding to take on Enron Corp. on its home turf.

     RWE Trading Americas will be run by Bill Coorsh, the German
company said in a faxed statement. As in Europe, RWE will trade
electricity, gas, coal and oil in the Americas, the company said.

     Chief Executive Dietmar Kuhnt has repeatedly said the Essen-
based company wants to expand its trading operations, and in June
singled out the U.S. market as one of the main expansion areas.

     ``We want to take advantage of the extremely attractive
opportunities in the U.S. energy trading market,'' RWE said.

     RWE will compete with Enron, the biggest energy trader that's
also based in Houston. RWE Trading has said it wants to become one
of Europe's top traders. The U.S. unit will be built up ``in
parallel'' with the European expansion, RWE said.


Richard --

We are moving forward with pushing FERC as the "right" forum for the Civil
Litigation.   I want to talk with you ASAP about this strategy - mainly to
make sure that you realize the likelihood of success (not too optimistic
about a complete victory).

Also, the key is to build the right set of allies in moving forward - we need
Mirant and Reliant to carry as much if not more water on this fight - their
access to right FERC staff and Commissioners is pretty good.

Also, want to talk with you about all of the FERC matters we have on-going.

Thanks,

Jim

----- Forwarded by James D Steffes/NA/Enron on 03/22/2001 11:00 AM -----

	"Jeffrey Watkiss" <dwatkiss@bracepatt.com>
	03/06/2001 04:59 PM

		 To: <James.D.Steffes@enron.com>, <jhartso@enron.com>,
<linda.robertson@enron.com>
		 cc:
		 Subject: Promised Talking Points

These are highly confidential.   Please do not circulate beyond need to know
level.

 - 0139035.01