---------------------- Forwarded by John J Lavorato/Corp/Enron on 11/28/2000
11:07 AM ---------------------------

	From:  Philippe A Bibi @ ECT                           11/28/2000 09:07 AM

To: John J Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT
cc:

Subject: Market Data Project Update

Attached is the spreadsheet with exchange detail by individual. It's a big
spreadsheet you should go to the Tab
'Detailed Sheet with Exchange Fees'


We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any other
related commodity future(s) account either individually or acting with
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business Friday, June 30,
2000 if you have any power of attorney, control or have a financial interest
in any commodity futures account (other than an ENA or other trading
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


I will let you know a final time for our follow up meeting regarding position
reporting on transportation capacity.  As you recall, I wanted each of you to
pick one pipeline (a difficult one) and let me know how you would go about
assessing an initial position for that capacity, and how you know on a daily
basis what has been used and what is remaining.  Hopefully this will assist
us in translating that information into a formal position reporting system.

If you are not planning to be here on any days next week, please let me know
that so that I can plan the meeting accordingly.  As always, I will set the
meeting up sometime between 11:00 am and 1:00 p.m.

Thank you.


Hear is the info.  Let me know if you have any further questions.

---------------------- Forwarded by Eric Bass/HOU/ECT on 04/17/2000 03:08 PM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           04/14/2000 11:58 AM

To: Melissa Graves/HOU/ECT@ECT
cc: Susan Smith/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT
Subject: Re: Wellhead Accrual Income

Melissa,

As you know, as of Jan 01, 2000 the Wellhead Portfolio has been segregated
from the rest of HPLC's Physical Portfolio.  As a result of this segregation,
it has become much easier to analyze and manipulate this data so that monthly
"accrual value" can be determined.  This analysis has resulted in the
realization that the Wellhead Potfolio creates approximately $275,000 of
accrual value per month.  The main drivers of this accrual value are deals
that have rolled into evergreen status, accrual term deals,  actual volumes
greater than booked, half cent bid to mid spread, incorrect markings, and
value withheld from MTM because of accrual costs.  Of the above, Greg Sharp
will receive value associated with evergreen/accrual deals, actual volumes
greater than or less than booked, and deals incorrectly marked.  Tom will
keep value associated with his half cent bid to mid and accrual value needed
to pay accrual costs (such as gas quality issues).  The breakout of this
value has been on average 60% to Greg and 40% to Tom.  The following is a
breakdown of 1st quarter accrual value.

January-

Total Accrual Value = $266,504

Greg's Value       Tom's Value
Evergreen Value =                         $140,750     Bid to Mid =
$105,000
Accrual Value =                               $53,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $60,000           $118,000
Incorrect Marking =                       ($105,000)
Total Value =                                   $148,750

February-

Total Accrual Value = $289,305

Greg's Value       Tom's Value
Evergreen Value =                         $145,000     Bid to Mid =
$100,000
Accrual Value =                               $62,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $65,000           $113,000
Incorrect Marking =                       ($95,000)
Total Value =                                   $177,000

March -

Total Accrual Value = $292,145

Greg's Value       Tom's Value
Evergreen Value =                         $147,000     Bid to Mid =
$106,000
Accrual Value =                               $59,000    Accrual Costs
=       $13,000
Actual Volumes>Booked =         $66,000           $119,000
Incorrect Marking =                       ($100,000)
Total Value =                                   $172,000

Let me know if you have any questions.

Eric

	Enron North America Corp.

	From:  Eric Bass                           04/07/2000 02:00 PM

To: Melissa Graves/HOU/ECT@ECT
cc:
Subject: Re: Wellhead Accrual Income

Melissa,

Here are the accrual values for Q1.  More details to follow.

Jan - $266,504
Feb- $289,305
Mar - $292,145

Eric

	Enron North America Corp.

	From:  Melissa Graves                           04/07/2000 01:51 PM

To: Eric Bass/HOU/ECT@ECT
cc: George Weissman/HOU/ECT@ECT, Gregory L Sharp/HOU/ECT@ECT
Subject: Wellhead Accrual Income

Eric,

Per Greg Sharp, he and Tom Martin discussed the Wellhead Accrual Income
numbers today, and Effective Q1 2000, Greg will begin recognizing this
accrual income in his financials.

It is my understanding that the new Wellhead Portfolio in Sitara assists you
in calculating this monthly number (which is estimated at $170,000 per
month).  Could you please provide the detail behind this calculation, or if
this data is pulled directly from Sitara, George and I could meet with you to
become familiar with this data extraction process.

Thank you,
Melissa
X39173


Please tell Paul it will probaby be 315 or so before we call, and confirm the
correct number. Also, please let Lisa Bills know where we will be meeting, as
she is planning on coming late to the meeting.

Thanks,

Kay


Please review the attached outage report.

Jerry Graves
713-345-8923


Dr. Lay (in care of - Rosalee Fleming):

We are very pleased to have you participate in our "Markets in
Transition" symposium on January 10, 2001.  I will be sending additional
information to you, but I wanted to give you some "advance warning" on a
couple items.

We will be putting together a symposium brochure in December.  As part
of that, we would like to get a biography of you (about 200-250 words in
length), and a photograph.  We will need this by around the first of
December, so I wanted to give you a little advance notice.

I will contact you after Thanksgiving to provide more details around
this event.  If you have any questions in the meanwhile, feel free to
contact me.

Brad Burke
Associate Director, Rice Alliance

bburke@rice.edu
713-348-6136


Bryan,

I have spoken with Steve Norris of Tembec about the above assignment.  From
the beginning, Credit has been perfectly willing to go along with this
assignment as financial information and public debt ratings are available for
the proposed assignee.  Credit remains amenable. However, we have been
waiting for documentation from Tembec effecting this assignment.

On speaking with Steve, he suggested that Enron provide the documentation.
After making some inquiries, it is my understanding that Enron does not
provide these legal services for its counterparties.   I have left a voice
mail with Steve conveying this message.

Please feel free to contact me if you have any questions.

Paul Radous
X58356


This is what I sent to CSFB tonight.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 09/11/2000
06:39 PM ---------------------------

Benjamin Rogers
09/11/2000 06:27 PM
To: james.heckler@csfb.com
cc: rishi.modi@csfb.com
Subject:

James & Rishi:
We also received two other completed CA's tonight.  You can send the books
out tomorrow for these if its too late.  The companies are Edison Mission and
Ida-West Energy.  Let me know if you have any questions.  Thanks
Ben

Total Tonight:
Caithness
LG&E
PG&E National Energy Group (Thomas Favinger)
Edision Mission (Maybe tonight, if not tomorow)
Ida-West Energy (Maybe tonight, if not tomorrow)


I know Kevin forwarded you a map showing all the pipelines.  I have also been
working with Maria Salazar to get maps and more details.  The following
e-mail is the last that was sent on this issue.  I think most people like
Kevin's map for formatting, but it will need to be reviewed and maybe
corrected before it is used.  Maria's may be used to provide more individual
pipeline details.

I reviewed the latest draft with the management in ET&S marketing, and two
additional issues came up.  One is that ET&S would like a contact phone
number to appear very early in the screens when someone is clicking onto
Enron.com.  I know that you would eventually get the numbers on our
individual sites with contact numbers, but I think we want a phone number
much earlier....in the first few screens that would appear...maybe on the
overall GPG page.

The other issue is the ability to know the number of hits on different sites,
and to know how much time people spend at individual sites.  Will the site be
set up to track this type of info?  It would be very helpful from the
perspective of knowing how this site works for customers (i.e how long
customers spend on the site, and how "deep" customers go into the website).

Let me know!!!
Thanks.

---------------------- Forwarded by Jo Williams/ET&S/Enron on 05/22/2000
10:24 AM ---------------------------

	From:  Jo Williams                           05/22/2000 08:53 AM

To: Michael Eiben/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Sharon
Farrell/FGT/Enron@ENRON, Kevin Hyatt/ET&S/Enron@Enron, Scott
Coburn/NPNG/Enron@ENRON, Richard Shepherd/NPNG/Enron@ENRON, Beth
Jensen/NPNG/Enron@ENRON, Martha Sumner-Kenney/NPNG/Enron@ENRON,
biaggio.mcphee@eott.com
cc: Maria Salazar/OTS/Enron@ENRON

Subject: More maps

Maria Salazar has sent me some more maps that show more details of individual
pipelines.   I like the details and formatting of the map that Kevin Hyatt
sent out...so I think that would be good to use for the main map (although
Maria pointed out that some of the pipeline details have not been updated).
The maps that are attached below could be used for the "drill down" from the
main map to the detailed maps (the customer would point and click on the
company they want and then get to a more specific map with greater detail on
the individual pipe).  What do you think?  What details do we want to show
for the drill down maps?

---------------------- Forwarded by Jo Williams/ET&S/Enron on 05/22/2000
08:39 AM ---------------------------

	From:  Maria Salazar                           05/19/2000 01:35 PM

To: Jo Williams/ET&S/Enron@ENRON
cc:

Subject: NNG AND TW

JO-
THIS IS A NNG MAP ON A COUNTY LEVEL ALSO IT SHOWS NBPL AND TRAILBLAZER. I
KNOW YOU SAID THAT COMPRESSORS ARE NOT NEEDE BUT BEFORE I START REMOING THEM
I WANTED TO KNOW WHAT YOU THINK. I COULD START SPLITTING UP THE STATES. CALL
ME 6.7156

THIS IS TW SYSTEM MAP


Tom,

I have energy estimates for May 2002 attached. Graph 1 is site totals, graph
2 is (total lost)/(total actual production) where total actual production is
taken from the kWh reported in the owner report, and graph 3 is the by
turbine distribution (using box plots) of energy lost.

The energy lost estimation method I employed is susceptible to problems with
data recovery (10-minute data), which in May 2002 was especially poor at
Klondike and Fenner, so those number are not as informative as those for the
other sites.

If these graphs provide you the information you need, I will continue with
the remaining months (Jan - Apr). Otherwise let me know and we'll refine this
process to get you what you need.

Mark


Here it is.

Peggy Mahoney@EES
09/12/2000 11:19 AM
To: Karen Denne/Corp/Enron@ENRON, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/NA/Enron@Enron
cc:

Subject: testimony

Can I plez have a copy of Steve's testimony from yesterday in San Diego?

Thanks
Peggy


---------------------- Forwarded by Scott Neal/HOU/ECT on 09/14/2000 05:56 PM
---------------------------

Enron-admin@FSDDataSvc.com on 09/07/2000 11:51:52 AM
To: scott.neal@enron.com
cc:
Subject: TIME SENSITIVE: Executive Impact & Influence Program Survey

Executive Impact & Influence Program
* IMMEDIATE ACTION REQUIRED - Do Not Delete *

As part of the Executive Impact and Influence Program, each participant
is asked to gather input on the participant's own management styles and
practices as experienced by their immediate manager, each direct report,
and up to eight peers/colleagues.

You have been requested to provide feedback for a participant attending
the next program.  Your input (i.e., a Self assessment, Manager assessment,
Direct Report assessment, or Peer/Colleague assessment) will be combined
with the input of others and used by the program participant to develop an
action plan to improve his/her management styles and practices.

It is important that you complete this assessment
NO LATER THAN CLOSE OF BUSINESS Thursday, September 14.

Since the feedback is such an important part of the program, the participant
will be asked to cancel his/her attendance if not enough feedback is
received.  Therefore, your feedback is critical.

To complete your assessment, please click on the following link or simply
open your internet browser and go to:

http://www.fsddatasvc.com/enron

Your unique ID for each participant you have been asked to rate is:

Unique ID - Participant
EWUF8P    - Phillip Allen

If you experience technical problems, please call Dennis Ward at
FSD Data Services, 713-942-8436.  If you have any questions about this
process,
you may contact Debbie Nowak at Enron, 713-853-3304, or Christi Smith at
Keilty, Goldsmith & Company, 858-450-2554.

Thank you for your participation.


One free soda for you upon request and providing I have $.50 in my pocket.

Angie Zeman@ENRON
05/23/2000 08:47 AM
To: Chris Germany/HOU/ECT@ECT, Gloria G Barkowsky/HOU/ECT@ECT, Wade R
Price/HOU/ECT@ECT
cc: Victor Lamadrid/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Mary Theresa
Franklin/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT
Subject: Appalachian Pools

FYI-

Thanks to the help of Terry Franklin and Dominion Transmission, all our CES
and CEM appalachian pools will now be combined into ENA pools beginning June
1.  Hopefully this should help to alleviate some confusion and hassle for
everyone.   -AZ


Here is the presentation.  Let me know if you have any questions. Thanks
Ben


Howard,

Sorry for the delay.

I shall be able to get back to you next week. A very interesting new research
idea came up
and we have to close a few loops internally.

Vince

"Kunreuther, Howard" <kunreuth@wharton.upenn.edu> on 04/05/2001 08:42:44 PM
To: "Kaminski (E-mail)" <vkamins@enron.com>
cc: "Kleindorfer, Paul" <kleindorfer@wharton.upenn.edu>
Subject: Status of Enron Project

Hi Vince:

Just a short note to indicate that we have not heard received any information
from your group since our discussion at Wharton in February. We look forward
to get some information on what issues you would like us to spend some time
thinking about.

Hope all is well.

Regards,

Howard

 Howard Kunreuther
Cecilia Yen Koo Professor of Decisions Sciences and Public Policy
Chairperson   Operations and Information Management Department
1326 Steinberg Hall-Dietrich Hall
Wharton School
University of Pennsylvania
Philadelphia, PA 19104-6366
Phone:215-898-4589
FAX:215-573-2130
Email:kunreuth@wharton.upenn.edu


Charles Schwab & Co., Inc.

Midday Market View(TM) for Thursday, July 19, 2001
as of 1:00PM EDT
Information provided by Standard & Poor's

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

U.S. INDICES
(1:00 p.m. EDT)

----------------------------------
Market            Value     Change

DJIA          10,613.10    + 43.30
Nasdaq Comp.   2,061.31    + 45.14
S&P 500        1,216.05     + 8.34
----------------------------------
NYSE Advancing Issues        1,745
NYSE Declining Issues        1,194
NYSE Trading Volume        774 mln
NASDAQ Advancing Issues      2,108
NASDAQ Declining Issues      1,310
NASDAQ Trading Volume     1.07 bln

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

U.S. TREASURIES
----------------------------------
Value            Yield      Change

1-year bill       3.43%        n/a
5-year note       4.64%     - 4/32
10-year note      5.12%     - 6/32
30-year bond      5.54%    - 11/32

The tables above look best when viewed in a fixed-width font,
such as "Courier."

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

U.S. TRADING SUMMARY

Stocks remained in the green at midday, although off intraday
highs. Profit-taking pulled the headline indexes lower during
midmorning trading while weak data on the manufacturing sector
weighed further at the noon hour. However, optimism over the
outlook for corporate profits has kept a bid in the market.
Outperforming stocks were primarily from the technology sector
with software makers, semiconductor manufacturers and the
telecommunications equipment producers all showing strong gains.
Sectors bucking the broad-based upward trend included shares in
media firms, financials and banks. By midday, the NASDAQ was
consolidating near its intraday lows, but was still 2.2% higher
on the session. Elsewhere, the Dow gained 0.4% and the S&P 500
rose 0.7%.

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

U.S. TREASURY SUMMARY

After their major gains yesterday, Treasuries were taking a
break, holding slightly in negative territory as profit-taking
weighed on all maturities. Economic data released early this
morning was, on balance, somewhat negative for Treasuries, but
pressure from the broad-based stock rally had more of a
depressive impact. Yet, trading remained very subdued and
orderly as traders booked profits from the previous days' gains.
A bounce across the yield curve occurred briefly at the noon
hour on a weak piece of manufacturing data, but the gains were
short lived as traders used the rally to sell and book more
profits. By midday, Treasuries remained modestly in the red as
the short-dated issues under-performed the bond.

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

CURRENCY SUMMARY

The dollar continued to lick its wounds after yesterday's
declines. By midday, the greenback was chopping around the 123.4
yen level and trading just above the 0.870 dollar per euro
level. The European Central Bank's decision to leave rates
unchanged helped the dollar this morning, but the greenback
remains well off its best levels of the week versus the euro.

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

MAJOR COMPANY / INDUSTRY NEWS
(All prices as of 1:05 p.m. EDT)

** Sprint Corp. (FON: 22.73, + 0.80) reported profits that beat
Wall Street estimates for its fiscal second quarter. The
third-largest long distance provider in the U.S. announced that
it earned $290 million, or $0.33 per share, versus $365 million,
or $0.41 per share, in the same quarter last year. Wall Street
was looking for Sprint to earn $0.28 per share, based on the
First Call survey of analysts. Revenues, however, slipped to
$4.31 billion from $4.45 billion in the same quarter last year.

** Eli Lilly (LLY: 77.68, + 0.93) reported fiscal second-quarter
earnings on Thursday that beat current Wall Street estimates as
sales of its leading drug Prozac and various diabetes care
products surged. The eighth-largest drug manufacturer in the
U.S. said that earnings rose to $828 million, or $0.76 per
share, versus $666 million, or $0.61 per share a year earlier.
Wall Street was looking for the company to earn $0.74 per share.

** It looks as though the merger between PepsiCo (PEP: 46.45, -
0.54) and Quaker Oats (OAT: 87.35, - 0.44) is in trouble.
Attorneys at the Federal Trade Commission are recommending that
the agency file court papers to block the purchase of Quaker by
Pepsi. Concerns have arisen over the fact that Pepsi would
acquire Quaker's Gatorade brand drink and thus dominate the
sports-beverage market.

** Dell (DELL: 28.29, + 1.09) announced that upcoming earnings
that will be in line with current analyst expectations. The
PC-making titan expects to report earnings of $0.16 per share on
revenues of about $7.6 billion for the period ending Aug. 3.
This figure excludes a $700 million charge Dell will take as
part of an already implemented restructuring program.

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

RESEARCH SPOTLIGHTS

** CIBC World Markets upgraded shares of AmSouth Bancorp. (ASO:
19.54, + 0.33) from a hold to a buy rating.

** UBS Warburg upgraded shares of Siebel Systems (SEBL: 35.48, -
2.16) from a buy to a strong buy rating.

** Tucker Anthony Sutro upgraded shares of KLA-Tencor Corp.
(KLAC: 51.96, + 3.12) from an under-performer to a market
performer rating.

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Distribution by Quris, Inc.


Susan,

Under the terms of the Gallup Compression Services Agreement, ECS is working
with the electric utility (Tri-State) to provide TW access to Tri-State's web
site for the purposes of load controlling the Gallup Station to avoid
Tri-State's system peaks.  Attached is a confidentiality agreement which
Tri-State drafted under which Tri-State will allow both TW and ECC to see
such data.  Tri-State is obviously concerned with migration of the data to
Enron's power trading groups.  The attached draft includes my comments.  I
have attached a clean and a redlined of my comments.  I thought we could get
both of our comments prior to sending back to Tri-State.  Please review and
return all your comments to me.  Thanks.


FYI
----- Forwarded by Jeff Dasovich/NA/Enron on 03/28/2001 11:04 AM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	03/27/2001 08:53 PM

		 To: Katie Kaplan <kaplan@iepa.com>, "'Andy Brown (E-mail)'"
<ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'" <andybrwn@earthlink.net>,
"'Baker Carolyn (E-mail)'" <cabaker@duke-energy.com>, "'Bob Escalante
(E-mail)'" <rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'John Stout (E-mail)'"
<John_H_Stout@reliantenergy.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
<trusso@mcnallytemple.com>
		 cc:
		 Subject: Initiative Campaign Strategy Outline

The following memo is for discussion during our Wednesday public affairs
committee meeting.
Thanks!  Jean

March 26, 2001

MEMORANDUM

To:    IEP
Fr:     Ray McNally, Richard Temple, Tony Russo, Jean Munoz, Tom Ross
Re:   Initiative Campaign Strategy Outline

Harvey Rosenfield has on numerous occasions threatened to place an initiative
on the 2002 ballot to re-regulate the power industry.

It is not a hollow threat.

Not only has Rosenfield successfully placed initiatives on the ballot in the
past, but the current energy crisis has become the number one issue on the
minds of voters dd making it easier to qualify a ballot measure.  And our own
internal polling for IEP shows voters would initially support the concept of
re-regulating the industry.

However, qualifying an initiative for next year?s election is not a foregone
conclusion.  And passing one is an even more difficult task.

Rosenfield faces several roadblocks:

o    The current energy issue is complicated, and all potential solutions
have weaknesses that could be exploited in a political campaign.

o    IEP?s internal polling shows Rosenfield?s proposal has weaknesses that
could be exploited dd including the price tag and the image of a state-run
energy department that could be compared to the DMV and CalTrans.

o    Rosenfield would have a difficult time funding a campaign, especially
raising the resources to overcome a strong, well funded "no" campaign.

o    The burden of "proof" always falls on the "yes" campaign rather than the
"no" campaign.  Voters are concerned about giving their approval to changes
that could make things worse.  Rosenfield will have to prove his case beyond
a shadow of a doubt, and therefore it is easier to defeat an initiative than
it is to pass one.

o    If power generators become motivated they can be a formidable opponent.

Following is (1) a preliminary timeline Rosenfield would face in trying to
qualify an initiative for the ballot in 2002, (2) strategic concepts that
should be considered before pursuing a plan to defeat the initiative, (3)
preliminary strategic and tactical options in opposing the initiative, and
(4) a discussion of campaign costs.

We recommend using this outline as a starting point to develop an effective
campaign plan that could successfully defeat Rosenfield if he pursues an
initiative strategy.

Timeline

To date, no proposed ballot initiative has been submitted to the Attorney
General for title and summary.  Accordingly, there is not sufficient time
available to qualify an initiative for the March 2002 ballot.

However, there is still adequate time to qualify a measure for the November
2002 ballot.  We believe Rosenfield could submit a measure to the Attorney
General as late as September, 2001 and still qualify the initiative for the
November 2002 ballot dd especially if the summer months produce power
blackouts, skyrocketing energy bills, and the image of a bungling Governor,
legislature and regulators.

The following timeline would allow Rosenfield to submit language for title
and summary as late as September 28, 2001 and qualify the initiative for the
November 2002 ballot:

September 28, 2001

Proposed measure is submitted to the AG for title and summary.

November 20, 2001

Attorney General prepares and issues title and summary.  Proponent can begin
circulating petitions.

April 19, 2002

The proponent files the petitions with county elections officials.

May 1, 2002

County elections officials complete petition raw count totals and certify raw
numbers to the Secretary of State.

June 23, 2002

County elections officials verify and certify results of the number of valid
signatures in their counties and turn in counts to the Secretary of State.

June 27, 2002

Secretary of State determines if the initiative qualifies for the ballot.
Proponent needs 670,816 valid signatures to qualify a constitutional
amendment or 419,260 valid signatures to qualify a straight statute.

Strategic Concepts

There are several strategic concepts that should be reviewed:

o    While satisfying Rosenfield may be impossible, IEP could push hard to
ensure a "solution" is passed by the legislature to give credibility to the
criticism that Rosenfield is an extremist whose initiative could undercut the
legislative remedy.

o    The industry could organize a well-funded campaign that contains an
early advertising blitz to quickly define the ballot measure in the most
negative manner possible, and that delivers a knock out punch in October.

o    Generators could promote a counter-initiative proposal, either through
the legislature or qualified by petition dd stopping Rosenfield?s proposal if
more "yes" votes are received for the counter initiative than the Rosenfield
measure.

o    Paid signature gathering firms could be put on contract for
industry-related business dd thus keeping these firms off the table for
Rosenfield.  Another variation would be to hire firms to gather signatures
calling for legislative action dd thus gaining names of voters who support
our position, but also keeping signature gatherers too busy to help
Rosenfileld.

o    The industry could pay to gather signatures on petitions that removes
names of people who may have signed the petition for Rosenfield?s
initiative.  This could cut down the number of valid signatures accepted by
county election officials.

o    A paid advertising campaign could be run during the proposal?s signature
gathering phase urging voters not to sign the petitions.  An added benefit of
the concept is defining the proposal early if it still qualifies for the
ballot.

o    We could organize a legal assault on the proposal dd stopping their
signature gathering efforts or keeping it off the ballot.

Campaign Strategy

If the proposal qualifies for the ballot, the industry must pursue an
aggressive strategy to defeat the measure.  We need to identify weaknesses in
the proposal and share those weaknesses with voters.  We must also push
voters to question the motives behind the initiative.  We need to make sure
voters are uncomfortable with all or portions of the initiative to ensure
they vote no despite wanting adequate and affordable energy.

The campaign should conduct thorough research to determine the best strategy
to defeat the measure.  Initially we believe the "no" campaign should focus
on testing and developing the following messages:

o    The measure will hurt taxpayers.  A $40 billion price tag is too much
for voters to accept as the only solution to the problem.

o    The proposal will hurt public services.  The cost of Rosenfield?s
measure will keep money away from more important programs  dd like schools,
public safety and programs for children and seniors.

o    The ballot measure is simply a way for elected officials to get more tax
dollars to cover up their failures dd and they should not be rewarded with
public support.

o    Rosenfield?s proposal will result in higher taxes to pay for more
bureaucracy and wasted tax dollars.

o    The proposal will result in more inefficient government that will
produce unreliable power dd hurting consumers, and vital services such as
hospitals and public safety.

o    The measure will hurt the economy and cost jobs at a time when the
economy is hurting.

Campaign Tactics

The campaign should follow an aggressive battleplan that includes the
following components:

Research

Focus groups and quantitative surveys should be conducted to help craft the
best messages to attack the proposal.  This research would also be important
in efforts to secure the most favorable ballot title and summary possible to
our goal of defeating it.

Demographic and election research should also be conducted to determine
voters most open to our campaign messages.  We should also conduct thorough
research on Rosenfield to expose his true motivations for proposing this
measure and its inherent weaknesses.

Legal, Title & Summary, and Ballot Argument Challenges

We should pursue every possible legal option to either get the proposal off
the ballot, or ensure the most favorable title & summary and weakened ballot
arguments for the initiative sponsors.  Our experience shows that the ballot
title and summary can swing initial vote margins either way by as much as 10
points.

Paid Advertising

Statewide campaigns in California require paid advertising dd including
electronic media, direct mail, and telemarketing.  Advertising should be
carefully targeted to ensure the most "bang for the buck."

Earned Media

Editorial support is an important part of successful statewide campaigns, as
is ensuring favorable media coverage of the campaign.  A focused earned media
campaign would greatly enhance the chances for success and editorial support
and Op-Ed?s can provide important third party credibility to the no campaign.

Coalition Building

It will be critical for the industry to gain credible allies in its fight
against Rosenfield.  We do not want the campaign to be portrayed as
generators versus consumer groups.  Therefore, we need credible, third party
groups standing along side us to broaden our appeal and message, like
taxpayer groups, business leaders, consumer organizations, energy experts,
economists, educators, law enforcement and seniors.

Campaign Costs

How much will be needed to defeat Rosenfield will depend on several factors.
Depending on several variables, the cost of a "no" campaign can range from a
few million dollars to as much as the $40 million spent to defeat Proposition
9.

Campaign costs to defeat ballot measures are contingent upon several
variables:

o    The popularity of the measure with voters.  The more they like it on the
natural, the more expensive it will be to defeat the measure.

o    How much money Rosenfield can raise to promote the measure.  If he has
few resources, the "no" campaign will have an uncontested paid advertising
campaign, which will make defeating the proposal much easier.

o    How bad the energy crisis impacts voters.  If the next 15 months produce
an on-going crisis, campaign costs will rise.

o    The effectiveness of messages against the proposal.  If focus group and
survey research confirm the proposal has an Achilles heel, the cost to defeat
the measure will go down dramatically.

Thorough research of Rosenfield?s actual proposal will better enable us to
recommend a campaign plan, message and budget.  In summary, defeating the
Rosenfield initiative will cost from a few to several million dollars and a
united industry effort.


They(Lynch and  Cooke ) really believe 5.5 - 6.0 cents. Amazing.

From: Jeff Dasovich on 02/05/2001 10:15 AM
Sent by: Jeff Dasovich
To: Alan Comnes/PDX/ECT@ECT, Angela Schwarz/HOU/EES@EES, Beverly
Aden/HOU/EES@EES, Bill Votaw/HOU/EES@EES, Brenda Barreda/HOU/EES@EES, Carol
Moffett/HOU/EES@EES, Cathy Corbin/HOU/EES@EES, Chris H Foster/HOU/ECT@ECT,
Christina Liscano/HOU/EES@EES, Christopher F Calger/PDX/ECT@ECT, Craig H
Sutter/HOU/EES@EES, Dan Leff/HOU/EES@EES, Debora Whitehead/HOU/EES@EES,
Dennis Benevides/HOU/EES@EES, Don Black/HOU/EES@EES, Dorothy
Youngblood/HOU/ECT@ECT, Douglas Huth/HOU/EES@EES, Edward
Sacks/Corp/Enron@ENRON, Eric Melvin/HOU/EES@EES, Erika Dupre/HOU/EES@EES,
Evan Hughes/HOU/EES@EES, Fran Deltoro/HOU/EES@EES, Frank W
Vickers/HOU/ECT@ECT, Gayle W Muench/HOU/EES@EES, Ginger
Dernehl/NA/Enron@ENRON, Gordon Savage/HOU/EES@EES, Harold G
Buchanan/HOU/EES@EES, Harry Kingerski/NA/Enron@ENRON, Iris Waser/HOU/EES@EES,
James D Steffes/NA/Enron@ENRON, James W Lewis/HOU/EES@EES, James
Wright/Western Region/The Bentley Company@Exchange, Jeff Messina/HOU/EES@EES,
Jeremy Blachman/HOU/EES@EES, Jess Hewitt/HOU/EES@EES, Joe
Hartsoe/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Kathy
Bass/HOU/EES@EES, Kathy Dodgen/HOU/EES@EES, Ken Gustafson/HOU/EES@EES, Kevin
Hughes/HOU/EES@EES, Leasa Lopez/HOU/EES@EES, Leticia Botello/HOU/EES@EES,
Mark S Muller/HOU/EES@EES, Marsha Suggs/HOU/EES@EES, Marty Sunde/HOU/EES@EES,
Meredith M Eggleston/HOU/EES@EES, Michael Etringer/HOU/ECT@ECT, Michael
Mann/HOU/EES@EES, Michelle D Cisneros/HOU/ECT@ECT, Mike M Smith/HOU/EES@EES,
mpalmer@enron.com, Neil Bresnan/HOU/EES@EES, Neil Hong/HOU/EES@EES, Paul
Kaufman/PDX/ECT@ECT, Paula Warren/HOU/EES@EES, Richard L
Zdunkewicz/HOU/EES@EES, Richard Leibert/HOU/EES@EES, Richard
Shapiro/NA/Enron@ENRON, Rita Hennessy/NA/Enron@ENRON, Robert
Badeer/HOU/ECT@ECT, Roger Yang/SFO/EES@EES, Rosalinda Tijerina/HOU/EES@EES,
Sandra McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Scott
Gahn/HOU/EES@EES, Scott Stoness/HOU/EES@EES, Sharon Dick/HOU/EES@EES,
skean@enron.com, Susan J Mara/NA/Enron@ENRON, Tanya Leslie/HOU/EES@EES, Tasha
Lair/HOU/EES@EES, Ted Murphy/HOU/ECT@ECT, Terri Greenlee/NA/Enron@ENRON, Tim
Belden/HOU/ECT@ECT, Tony Spruiell/HOU/EES@EES, Vicki Sharp/HOU/EES@EES,
Vladimir Gorny/HOU/ECT@ECT, Wanda Curry/HOU/EES@EES, William S
Bradford/HOU/ECT@ECT, Kathryn Corbally/Corp/Enron@ENRON, Jubran
Whalan/HOU/EES@EES, triley@enron.com, Richard B Sanders/HOU/ECT@ECT, Robert C
Williams/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Greg Wolfe/HOU/ECT@ECT, James
Wright/Western Region/The Bentley Company@Exchange, Dirk vanUlden/Western
Region/The Bentley Company@Exchange, Steve Walker/SFO/EES@EES
cc:

Subject: CPUC Prudency Standards

----- Forwarded by Jeff Dasovich/NA/Enron on 02/05/2001 10:19 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	02/04/2001 06:18 PM

		 To: <Barbara_Klemstine@apsc.com>, <Bob_Anderson@apses.com>,
<Vicki_Sandler@apses.com>, <berry@apx.com>, <dcazalet@apx.com>,
<billr@calpine.com>, <jackp@calpine.com>, <glwaas@calpx.com>,
<Ken_Czarnecki@calpx.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <jmpa@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <Tamara_Johnson@enron.com>,
<curt.Hatton@gen.pge.com>, <foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <jsmollon@newwestenergy.com>,
<rsnichol@newwestenergy.com>, <Curtis_L_Kebler@reliantenergy.com>,
<rllamkin@seiworldwide.com>
		 cc:
		 Subject: CPUC Prudency Standards

Commissioner Lynch and ALJ Cooke have each issued proposed decisions which
adopt differing guidelines for bilateral power purchase contracts entered
into  by the utilities.?
?
If the utilities follow these guidelines, the Commission will forego
reasonableness reviews of the contracts.? Attached is a  memorandum?which
summarizes the filings made by interested parties  and?highlights the major
elements of the two draft decisions.
?
This matter will be voted on at the February 8 Commission meeting.
?
Dan
 - 2-4-01 Memo re Draft Decisions.doc


Bill - I'm in Copenhagen awaiting a plane and am in
the SAS lounge.
Took a shower and changed for the next flight.
Sweating like a bastard.

Saw the Timbers won last night.  Great.  Should make
the playoffs playing that good soccer.

I have no phone (AT&T did not deliver).  And no
computer.
If you need to mail me - send it to:
wjwjr99@yahoo.com

I'll check here before I fly out again.

Don't burn out on your birthday until I get home.

__________________________________________________
Do You Yahoo!?
Make international calls for as low as $.04/minute with Yahoo! Messenger
http://phonecard.yahoo.com/


---------------------- Forwarded by Kay Mann/Corp/Enron on 12/06/2000 05:27
PM ---------------------------
From: Kathleen Clark@ENRON_DEVELOPMENT on 07/24/2000 03:05 PM
To: kay.mann@enron.com
cc:

Subject: ABB Purchase Agreement - Final Version

Kay:

Attached is the final version:


i won't be able to play friday.  i leave at 530pm.  i will check on job stuff
today.  i will probably need you to email your resume to me when you get a
chance.


Gentlemen,
Here's the latest results.
?

Thanks,
Marji Fergerson

Topock Compressor  Station
8 534 5524
760 326 5524
FAX 534 5542
[IMAGE]

 - PCB Graphs.xls
 - PCB Master Log.xls
 - sunbannA.gif
 - Sunflower Bkgrd.jpg


Pretty good Card Trick here?
 - cardtrick.pps
 - Are_you_a_professional.pps


I will be out of the office on Friday, 5/19.

Brenda, could you please make arrangements for coverage of my desk?

taffy


FYI - Status  of remaining steps are in blue.

 -----Original Message-----
From: 	Roper, Kerry
Sent:	Tuesday, October 16, 2001 9:25 PM
To:	Piper, Greg; Pickering, Mark; Beck, Sally
Subject:	Remaining Steps For Plan

Mark suggested that I document the major steps remaining in the Plan process.  It appears that most of the numbers are nearing final approval and Mark suggested that I document the major steps remaining in the plan process:

1. Finalize EGM and EA (Storey) Development project approvals.
[Kerry Roper]  EA projects Finalized. EGM & EIM are still changing today.  The changes of the last few days has also had an impact to other business units, especially EES as the development managers have changed some participation percentages.
2. Show EA IT Development projects for Energy Ops as flowing through Energy Ops' allocation to EA (Note: I am assuming this is only for EA).
[Kerry Roper]  Done
3. Finalize Headcount numbers based on IT Development changes.
[Kerry Roper]  Changes still being made.  Used estimated headcount for Development in the allocation process.
4. Get "buy-off" on other business unit headcount numbers used in allocation process (9:30 meeting on Wed.)
[Kerry Roper]  Done
5. Run infrastructure charge-back model using updated headcount numbers.
[Kerry Roper]  Done
6. Based on results of charge-back model, change depreciation, bonus and indirect allocations.
[Kerry Roper]  Done
7. Receive new EA allocations (which will be higher due to adding indirects.)
[Kerry Roper]  Not received yet.
8. Add new Corporate and EA allocations received to internal allocation process. (New Corp alloc. received 10/16).
[Kerry Roper]  Done using estimates for new charges from EA. These should be accurate based on infrastructure dollars sent to them.
9. Rerun internal allocations (indirects).
[Kerry Roper]  Done
10. Recalculate Enterprise Portal allocations to business units.
[Kerry Roper]  This task not needed.
11. Note: B. Richter indicated that the new allocation procedure might not be completed this week. I am assuming that we will keep the existing  budget allocation for the budget. (Will this work for EBS and ETS?).  I also assume we are final with other changes to Energy Ops and infrastructure.
12. Get approval for split of EES Retail and EES Wholesale.
13. Once all numbers are final, verify that all ENW team budget templates are updated and then saved to the intercompany billing file.
14. Re-create billing matrix and invoice file (6-8 hour process including review).
15. Produce income summary income statement by ENW team. (Use as check).
16. Resubmit all Corporate templates and reports (6-8 hour process).
17. Produce reports for Office of the Chair and prepare for Ken Lay presentation.

These are the major steps in "my world."  I'm sure I am leaving some items out, but I think it gives you a feel for the steps we need to take.  Timing largely hinges on getting the final numbers completed and approved.

Kerry


Wendi:

You don't believe everything Tana tells you, do you?  Haven't you realized she's just trying to get out of work?  At least now you know who really does the work in the Swap Group.

We will prepare your CA for you (since Tana won't).  Will you send Poli-Twine's address and fax number?

Thanks!

Marie

 -----Original Message-----
From: 	Lebrocq, Wendi
Sent:	Thursday, August 16, 2001 1:40 PM
To:	Heard, Marie; Boyd, Samantha; Bailey, Susan; Panus, Stephanie
Subject:	Confidentiality Agreement

Through my conversations with Tana, I understand that there is a change in the Confidentiality Agreement.  Thus, I am sending this information to all of you.  I have another potential EOL customer that needs to have a CA executed prior to delivering financial statements.  Would one of you please help me out with this one.  Following are the details:

Mr. Dave Beazer
CFO
Poli-Twine Canada Ltd.

He would like to have the CA sent via facsimile to dbeazer@politwine.com <mailto:dbeazer@politwine.com>.  I can forward it to him once I have a draft that is acceptable with Legal..  Thanks for your help.  Please let me know if you have any questions or need additional information.

Regards,

Wendi LeBrocq
3-3835


I agree with Jim -- we're less concerned about the mechanism for true-up.  I
think our main concern with the part of the MOU related to URG is who gets
the benefits -- and tying that position into whatever we decide on other
issues.
/TJ

James D Steffes@ENRON
05/07/2001 11:47 AM
To: JBennett <JBennett@GMSSR.com>
cc: "Harry Kingerski (E-mail)" <Harry.Kingerski@enron.com>, "Jeff Dasovich
(E-mail)" <jdasovic@enron.com>, "Jim Steffes (E-mail)"
<James_D_Steffes@enron.com>, "Lelie Lawner (E-mail)"
<Leslie.Lawner@enron.com>, "Robert Neustaedter (E-mail)"
<Robert.Neustaedter@enron.com>, "Scott Stoness (E-mail)"
<sstoness@enron.com>, "Tamara Johnson (E-mail)" <tjohnso8@enron.com>
Subject: Re: Comments on ACR re SCE's MOU

Team --

My initial response is that this is not  a key issue for Enron (given
everything else).  I'd rather simply know how the process is to work going
forward, than make a big case either way.

Jim

JBennett <JBennett@GMSSR.com> on 05/07/2001 11:15:58 AM
To: "Harry Kingerski (E-mail)" <Harry.Kingerski@enron.com>, "Jeff Dasovich
(E-mail)" <jdasovic@enron.com>, "Jim Steffes (E-mail)"
<James_D_Steffes@enron.com>, "Lelie Lawner (E-mail)"
<Leslie.Lawner@enron.com>, "Lelie Lawner (E-mail)" <Leslie.Lawner@enron.com>,
"Robert Neustaedter (E-mail)" <Robert.Neustaedter@enron.com>, "Scott Stoness
(E-mail)" <sstoness@enron.com>, "Tamara Johnson (E-mail)" <tjohnso8@enron.com>
cc:

Subject: Comments on ACR re SCE's MOU

About ten days ago, I sent the attached E-mail containing an Assigned
Cmmr.'s Ruling pertaining to the SCE MOU. The  ACR set forth a "model" for
determining revenue requirements for SCE's retained generation. On Friday,
SCE, as directed, filed comments on the Ruling.  Comments from other parties
are due this Friday, the 11th.

Of primary importance is that SCE used its comments to promote the
methodology for recovery of retained generation costs it had set forth in
Advice 1534-E-A (forwarded  to you last week).  This method provides for an
annual rate true-up mechanism and trigger mechanism.  Such mechanisms allow
for rate increases (or decreases) with the filing of an advice letter.

If we are opposed to such trigger / true-up mechanisms  we need to submit
comments on Friday and/or  a protest of the Advice Filing (also due on the
11th).

Jeanne Bennett

> -----Original Message-----
> From: JBennett
> Sent: Friday, April 27, 2001 4:25 PM
> To: Harry Kingerski (E-mail); Jeff Dasovich (E-mail); Robert Neustaedter
> (E-mail); Scott Stoness (E-mail); Sue Mara (E-mail); Tamara Johnson
> (E-mail)
> Cc: MDay
> Subject: FW: Com Lynch & ALJ DeUlloa's Ruling mailed 4/27/01
> (A.00-11-038 et a l.)
>
> Attached is an Assigned Cmmr.' ruling issued this afternoon pertaining to
> SCE's Memorandum of Understanding with the Governor.
> The ruling is soliciting comments on the appropriate manner of regulating
> utility retained generation. The Ruling sets forth a specific model and
> asks parties to comment thereon.  Comments are due May 11, 2001.
>
>
>
>
>  <<CPUC01-#96386-v1-A0011038_ET_AL_LYN_JRD_RULING_.doc>>

 - CPUC01-#96386-v1-A0011038_ET_AL_LYN_JRD_RULING_.doc


"WebSupport" <websupport@moneynet.com> on 05/30/2000 07:58:30 AM
To: "John Arnold" <John.Arnold@enron.com>
cc:
Subject: Re: Portfolio for jennifer_arnold as of Mon May 29 18:36:45 2000

Dear Member,
As requested we have cancelled your portfolio tracker emails.

 If there is any other way we can assist you, please feel free to let us know.
For rapid response to your e-mail questions, please incluce a brief
description
of the problem in the subject line of your message.

Sincerely,
Customer Support
Stephen L.

"John Arnold" <John.Arnold@enron.com> on 05/30/2000 08:29:14 AM

To:   WebSupport/ROL/NOR/US/Reuters@Moneynet
cc:

Subject:  Re: Portfolio for jennifer_arnold as of Mon May 29 18:36:45 2000

Please do not send these emails anymore.  I am not Jennifer Arnold

Portfolio Tracker <ptracker@moneynet.com> on 05/29/2000 05:52:42 PM

Please respond to websupport@moneynet.com

To:   jarnold@ei.enron.com
cc:
Subject:  Portfolio for jennifer_arnold as of Mon May 29 18:36:45 2000

*********************************************************
IMPORTANT MESSAGE FOR ALL INFOSEEK PORTFOLIO TRACKER USER'S

The Infoseek Portfolio Tracker service provided by Reuters Investor is no
longer accessible directly from the Infoseek Personal Finance page.  However,
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By entering this exact URL (case sensitive) in your browser software location
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Thank you for your patience, and we're glad to be able to support your
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*********************************************************

Portfolio: Invest

Stocks:
Symbol   Description            Last    Change    Volume     Date    Time
=========================================================================
AFL      AFLAC INC            50 7/8      +5/8    453700 05/26/2000 16:20
BMCS     BMC SOFTWARE        42 1/16     +9/16   1.1978M 05/26/2000 16:01
ENE      ENRON CORP         69 15/16    +15/16   1.4117M 05/26/2000 16:11
PCTL     PICTURETEL CP        2.9375    -0.125    328900 05/26/2000 15:59
WCOM     WORLDCOM INC        37 3/16     -7/16  13.0533M 05/26/2000 16:01

NEWS for Portfolio: Invest

--- ENE ---
05/29/2000 12:12 UPDATE 3-Spanish market braces for new bids for Cantabrico
--- WCOM ---
05/29/2000 13:18 WorldCom and Sprint face EU merger hearing
05/29/2000 02:34 RPT-France Tel to unveil $46 bln Orange buy on Tuesday
05/29/2000 00:31 RESEARCH ALERT-Phillip keeps Shin Sat<SATT.BK> buy

****************************************
Market Update
----------------------------------------
As Of: 05/26/2000      04:02 PM
DJIA        10299.24   -24.68
NYSE Volume      722.670 Mil
Transports   2687.55   -30.22
Adv-Decl        1493     1351
Utilities     327.46    +2.32
NASDAQ       3205.11    -0.24
S&P 500      1378.02    -3.50
Value Line    401.06    -0
****************************************

=================================================
All stock quotes are delayed at least 20 minutes.
=================================================

If you have questions, comments, or problems with your Portfolio Tracker
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Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax


The "Enron" list serve is now up and running.  To send a message to the
group, just put enron@lists.qgadc.com in the To: line and it will be sent to
the entire group.  The following is the current distribution list.  I have
asked that Karl Gallant, Terry Allen, and Governor Raciot be added.  Is
there anyone else who should be on the list?

> Ashley Meece
> Bruce Andrews
> Carin Nersesian
> Cindy Derecskey
> Debbie Garrett
> David Lugar
> Ed Gillespie
> Heather O'Farrell
> Janel Guerrero
> Jeff Dasovich
> Jack Quinn
> Jim Steffes
> Linda Robertson
> Lora Sullivan
> Mark Palmer
> Nick Maduros
> Rick Shapiro
> Tom Briggs
> Virginia Hume


Here are your positions including the exotics.

Robin


Chairman John Quain of the Pennsylvania Public Utility Commission needs to
speak with Chairman Lay at his earliest convenience.

Mr. Quain would like to discuss a confidential matter concerning national
energy policy.  Mr. Quain is currently in South America with Governor Ridge
of Pennsylvania on a trade mission.

Mr. Quain would be available after 1:00 p.m. CST, tomorrow, Thursday, or
Friday at the latest for this conference call.  We will handle the logistics
of the call.

Kindly call me at (717) 783-8021, my direct line number, if Chairman Lay can
accommodate this request.

Thank you for your kind consideration.

Dennis J. Buckley
Counsel to the Chairman


Start Date: 12/17/01; HourAhead hour: 22;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001121722.txt


Thanks for taking a look!


Enron Global Strategic Sourcing, in collaboration with Enron Net Works, recently executed a two-year agreement with SkyTel Communications, Inc. to provide users with one- and two-way local and nationwide numeric/alphanumeric pagers, advanced messaging service devices, and encrypted remote e-mail services via Blackberry? enabled devices.

Under this agreement, Enron will also receive special discount incentives including, 50% discount on Blackberry?-enabled hardware purchases through year-end 2001, trade-in allowances on select Research in Motion (RIM) units through year-end 2001, upload and download of contact lists from select pc-compatible hardware to new RIM devices, customized training for hardware and services featured quarterly, and monthly service costs that will be billed at 50% of normal rates for a limited time.

Personal toll free numbers, personal voice mail, operator dispatched text messages, pin-to-pin messaging and text-to-voice and text-to-fax service options will be available on select devices, including Motorola T900 and  P935.

Effective August 1, please visit ibuyit.enron.com to order hardware or request activation.  If your business unit is not currently on iBuyit, please create an electronic order form on http://www.skytel.com/sipsnsf/enron.nsf/pages/requestpager?opendocument&login.  When you are prompted for a user name, please type: enron sip.  The password is skytel.

Hands-on demonstrations of various Skytel products will be conducted during "Blackberry Days" on July 31, August 1 and August 2 from 11:00 a.m. - 2:00 p.m. in the Enron Building lobby.  Additional information regarding Blackberry Days will be distributed soon.

If you have commercial questions regarding this agreement, please contact GSS Senior Contract Manager Tom O. Moore at 713-345-5552 or via e-mail at tom.o.moore@enron.com <mailto:Tom.o.moore@enron.com>. If you have technical questions, please submit them to blackberry@enron.com <mailto:blackberry@enron.com>.


I have a conference call with Delaine at 3:15 today on Strangers Gas.  She is to give
	me Mike Belcher's phone number.  He is the person coordinating all the condensate
	issues.  If we send a letter I would send it to Terry Spencer and reference Mike Belcher.
	If you need more, let me know.  Thanks. Lynn

 -----Original Message-----
From: 	Graham, Charlie
Sent:	Wednesday, September 19, 2001 11:05 AM
To:	Talcott, Jim
Cc:	Blair, Lynn; Kile, Rick; Fancler, Dan; Walton, Mark; Kile, Rick
Subject:	MT. Jesus
Importance:	High

Jim,
Here is another matter I need to really push, a letter demanding payment of the Mt. Jesus condensate reimbursement short payments.  Please review this letter and give me your observations, suggestions. << File: Mt Jesus2.doc >>

Lynn,
Any better name than Spencer to send this to?

Dan/Mark
Can you get me updated numbers?  Here is a spreadsheet that Debbie provided to me.   << File: Mt. Jesus Shortpay Analysis.xls >>

Charlie


As we discussed, I would like you to get an indicative "as is" cash offer
(without equipment) from KN Energy for the Stoddard and Pontiac sites.  I
would hold on Plano until Fred is able to get more feedback from Com Ed on
his PPA negotiations.  On the later, you can tell them that we are in the
process of negotiating a three year tolling agreement with Com Ed which we
believe will add incremental value to the project.

In terms of equipment, I think that we can muster up 2 LM-600's for certain
and another 2 LM-6000's if we can demonstrate some profit component in the
equipment portion of the deal.  As we discussed, if we include the equipment
in the deal, KN's commitment with respect to purchasing the equipment has to
be firm.


Thanks for the offer Ms Kupiecki, but since you carried so much of the weight
last case, I feel obliged to compile this time round.


Thanks for the message.  I am surprised to have run into you and brandon at
otto's - we never see each other there.  That was a joke.

Great luck with that marathon.  That will be awesome I am sure.  I am signed
up for austin in feb, so I am pretty excited about that one.

Let me know how it goes!  Talk to you later...

DC

-----Original Message-----
From: Benjamin.Rogers@enron.com [mailto:Benjamin.Rogers@enron.com]
Sent: Monday, October 23, 2000 8:56 AM
To: dpconnally@spacecitysports.com
Subject:

Hey Dan:
It was good to see you the other day.  It's funny because I had tried to
send you an e-mail, after talking to Andrew about the paper.  It's great
eveything is going well.  I'm running the NYC Marathon in two weeks so my
weekends are mostly about running, but after that I would like to get
together for some golf.  Talk to you soon.
Ben


The following pre-approved counterparties have been added to datamanager with
Clickpaper profiles and will also be hitting you work queues in profile
manager.  These profiles will need to be duplicated in profile manager to
clear the queue. Please do not hesitate to call me with any questions.

Approval Date CPID  Counterparty
5 - 01 -2001 94221  Semper Paper Company, Inc.
5 - 01 -2001 79782  Universal Forest Products, Inc.

Best Regards,

Nicole Hunter
Clickpaper Support Team
713-345-8438


LLoyd Will and Kim Melodick have requested your help in identifying what YOU feel it takes to be successful within each functional unit of East Power.  This feedback will be used to create a recruiting, retention and development tool that will assist East Power in identifying the skills and training that are key to your group's success. Please take some time to answer the attached four questions as they relate to your area.  Your participation and cooperation is greatly appreciated.

Sarah Zarkowsky x53791
Ben Brasseaux x58747
Meliza Evanson x57855

Enron North America
Human Resources


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/05/2001
08:45 AM ---------------------------

Jeffrey C Gossett
02/02/2001 09:48 PM
To: Larry May/Corp/Enron@ENRON, Phillip K Allen/HOU/ECT@ECT
cc:
Subject: re: book admin for Pipe/Gas daily option book

When we meet,  I would like to address the following issues:

1.)  I had at least 5 people here past midnight on both nights and I have
several people who have not left before 10:30 this week.
2.)  It is my understanding that Susan was still booking new day deals on
Thursday night at 8:30 b/c she did not get deal tickets from the trading
floor until after 5:00 p.m.
3.)  It is also my understanding that Susan is done with the p&l and
benchmark part of her book often times by 6:00,  but that what keeps her here
late is usually running numerous extra models and spreadsheets.  (One
suggestion might be a permanent IT person on this book.)  (This was also my
understanding from Kyle Etter,  who has left the company.)

I would like to get this resolved as soon as possible so that Larry can get
the information that he needs to be effective and so that we can run books
like this and not lose good people.

Thanks

Larry May@ENRON
02/02/2001 02:43 PM
To: Sally Beck/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Susan M
Scott/HOU/ECT@ECT, Errol McLaughlin/Corp/Enron@ENRON
cc: Phillip K Allen/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
Subject: re: book admin for Pipe/Gas daily option book

As you might be aware,  Susan Scott (the book admin for the pipe option book)
was forced by system problems to stay all night Wednesday night and until 200
am Friday  in order to calc my book.  While she is scheduled to rotate to the
West desk soon,  I think we need to discuss putting two persons on my book in
order to bring the work load to a sustainable level.  I'd like to meet at
2:30 pm on Monday to discuss this issue.  Please let me know if this time
fits in your schedules.

Thanks,

Larry


Daren,

This meter has recorded flow for the following days with no deal.

10-29-99	1300
10-30-99	    23
10-31-99	    23
2-06-01               (4222)

We used deal 83388 last January to write off this meter's HPL Strangers balances.  How should this flow be handled?


i am so sorry you are sick, i am just getting over being sick, i think i
nipped mine in the bud though because everyone around here got really bad
and i was over it and 4 days.  i stayed home the first day i felt bad and
o.d.ed on zinc and vitamin c.  that really works if you catch it on time.
stay home and get well.  i am trying to make plans w/betsy and was hoping
she could join us this weekend but she was busy.  we are going to try and
hang out and/or paint on nov. 4th.  if you are available maybe you could
come in that weekend?

-----Original Message-----
From: Susan.Scott@enron.com [mailto:Susan.Scott@enron.com]
Sent: Thursday, October 05, 2000 9:01 AM
To: Galvin, Misty
Subject: Re: hi susan

Hi Misty!  When you e-mailed I was en route to Washington, D.C.  I just got
back.
I was planning to come this weekend, but I seem to have come down with a
sinus infection so I think I should stay in Houston and rest.  I'm pretty
bummed because I was looking forward to it.
Hope everything is going ok.  I'll give you a call later.

"Galvin, Misty" <MistyGalvin@clearchannel.com> on 10/03/2000 05:12:04 PM

To:   "'Susan.Scott@enron.com'" <Susan.Scott@enron.com>
cc:

Subject:  hi susan

i am not sure if i got your email address correct the first time so i am
trying again, just in case.  are you coming to sa this weekend>?


AGENT VA/VA BOOKING REF
Y72LTR

                                          SANDERS/RICHARD B

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN TWANDA SWEET

  DATE:  JUN 05 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

UNITED AIRLINES       07JUN LOS ANGELES CA PORTLAND OR    1221P   245P
UA 2606    B          THU   INTL           INTERNATIONAL
           NON SMOKING      TERMINAL 7
                                                          NON STOP
                            RESERVATION CONFIRMED         2:24 DURATION
                  AIRCRAFT: BOEING 737-500

HOTEL                 07JUN MARRIOTT PORTLAND DOWNTOWN
                      08JUN 1401 SW NAITO PARKWAY
                            PORTLAND, OR 97201
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-503 2267600
                            FAX: 1-503 2211789
                            CONFIRMATION: 81339083
                            REFERENCE: ENRB00
                            SINGLE ROOM
                            RATE: ENR USD 109.00 PER NIGHT
                            GUARANTEE GIVEN

CONTINENTAL AIRLINES  08JUN PORTLAND OR    HOUSTON TX     615A    1225P
CO 621     Y          FRI   INTERNATIONAL  G.BUSH INTERCO
                                           TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         4:10 DURATION
                  AIRCRAFT: BOEING 737-300

RESERVATION NUMBER(S)  CO/VSWX2D  UA/NZHKCQ

***********************************************
HIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Do You Yahoo!?
Get personalized email addresses from Yahoo! Mail - only $35
a year!  http://personal.mail.yahoo.com/


What are you doing sending me this crap!  I want some dirty jokes!  I want
some stories of wild, drunken nights, not this stuff.  We are getting into
NYC on late on Friday night.  I am picking up my number early on Saturday
morning.  Would you be interested in going to dinner with a group of us to
Tony Dinapoli's on upper east side on Saturday night?  Were getting there at
approx. 7:30pm.  Give me a call about this.  See ya
Ben


Forgot to include you pn this distribution
---------------------- Forwarded by Stephanie Miller/Corp/Enron on 03/09/2001
02:50 PM ---------------------------

Stephanie Miller
03/09/2001 02:50 PM
To: Karen E Jones/HOU/ECT@ECT
cc:

Subject: Re: Pastoria - Kern River

You are correct. We need to provide revised Exhibit A's or termination
letters on March 15.

Chris Calger has those documents.

Thanks.

Stephanie

Karen E Jones@ECT
03/09/2001 02:41 PM
To: Stephanie Miller/Corp/Enron@ENRON, Gerald Nemec/HOU/ECT@ECT
cc: Ron Coker/Corp/Enron@Enron

Subject: Pastoria - Kern River

Hi folks. Just want to confirm, for purposes of the schedules to our purchase
agreement with Calpine, that the only written documents ENA has with Kern
river are the Precedent Agreement dated 1/31/01 and the amendment thereto
dated 2/7/01.  There was an additional, unexecuted amendment included in
Stephanie's fax to me, so I thought I should double check.  It would be
helpful if you could get back to me today.  Thanks.

Karen


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

November 17, 2000 5:00pm through November 20, 2000 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: SEE ORIGINAL REPORT

EI: SEE ORIGINAL REPORT

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

LOTUS NOTES: No Scheduled Outages.

MARKET DATA: No Scheduled Outages.

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: SEE ORIGINAL REPORT

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:
Impact:  CORP
Time:  Sat 11/18/2000 at  6:00:00 PM CT thru Sun 11/19/2000 at  8:00:00 AM CT
 Sat 11/18/2000 at  4:00:00 PM PT thru Sun 11/19/2000 at  6:00:00 AM PT
 Sun 11/19/2000 at  12:00:00 AM London thru Sun 11/19/2000 at  2:00:00 PM
London
Outage:  Unify
Environments Impacted:  Unify Users
Purpose: Rebuilding all the indexes and changing the number of partitions for
better performance
Backout: Restore from Backup
Contact(s):  William Mallary  713-345-3485
------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Applications Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


take me off your mailing list

JobOpps@idrc.org on 09/05/2000 01:57:01 PM
To: jarnold@ei.enron.com
cc:
Subject: Job Opportunities from IDRC

IDRC Job Opportunity Posting

DATE RECEIVED: September 05, 2000

POSITION: Real Estate Manager
COMPANY: Sony Corporation of America
LOCATION: New York City NY, USA

For complete details go to:
http://site.conway.com/jobopps/jobdetail.cfm?ID=82
To see all job postings go to: http://site.conway.com/jobopps/jobresult.cfm


changed to caiso energy

	From:  Sharen Cason                           04/02/2001 12:47 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: #567423

This deal has an NP delivery point with firm energy.

Thanks!


Parties:
As indicated in an earlier email to listserv, please be aware that Coral Power will depose Ean O'Neill of the ISO tommorow (Tuesday, October 30th) at 10:00 a.m. Pacific time.  However, pursuant to an agreement reached between the ISO and Coral, the depositions of Boyd Busker, George Black, and Bob Sullivan, originally noticed for October 31st, will not take place.
Ms. O'Neill's deposition will take place at the ISO's headquarters in Folsom, California.  As was the case previously, the reporting service will be Esquire Deposition Services in Sacramento, CA (916-448-0505); parties should make their own arrangements for transcripts.
If parties have any questions concerning Ms. O'Neill's deposition, please contact either Gene Waas at (916) 608-7049 or myself at (202) 295-8465.
Michael Kunselman
Swidler Berlin Shereff Friedman, LLP
3000 K Street, NW, Suite 300
Washington, DC 20001
(202) 295-8465
The preceding E-mail message contains information that is confidential, may be protected by the attorney/client or other applicable privileges, and may constitute non-public information.  It is intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient of this message, please notify the sender at (202) 295-8465.  Unauthorized use, dissemination, distribution, or reproduction of this message is strictly prohibited and may be unlawful.


Hey there-
Ryan has not been feeling well all weekend and still isn't...so
unfortunately we were thinking of moving the dinner to this Thursday.  I
really hope that still works for you guys.  I don't think Ryan knows you
guys are coming, but had indicated a while ago how fun it would be to have
dinner with everyone...so I was still going to try and keep it a surprise.
Please let me know if that's still okay so I can change the reservation.

Thanks.

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com


In addition to the memos yesterday, included in this file is additional DWR
information.


Ehud,

Please, give me a call when you land on my regular and cell phone.
I shall proceed to the restaurant (about 10 minutes from the office).

Cell: 713 410 5396

Office: 713 853 3848

Please, keep the copies of all the receipts.

Vince


----- Forwarded by Jeff Dasovich/NA/Enron on 06/18/2001 05:18 PM -----

	"McMorrow, Thomas" <TMcMorrow@manatt.com>
	06/18/2001 04:58 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "'Dean. Nistetter (E-mail)'"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "'Marie Moretti (E-mail 2)'"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "'Tom
Williams (E-mail)'" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "'Frazier Blaylock (E-mail)'"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "'Rick S. Koebbe (E-mail)'"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
"'trusso@mcnallytemple.com'" <trusso@mcnallytemple.com>,
"'sadlersa@earthlink.net'" <sadlersa@earthlink.net>, "'mstultz@epsa.org'"
<mstultz@epsa.org>, "'rtemple@mcnallytemple.com'"
<rtemple@mcnallytemple.com>, "'tracy.fairchild@edelman.com'"
<tracy.fairchild@edelman.com>, "'megan.beiser@edelman.com'"
<megan.beiser@edelman.com>, "'deborah.fiorito@dynegy.com'"
<deborah.fiorito@dynegy.com>, "'lchurch@epsa.org'" <lchurch@epsa.org>,
"'Katie Kaplan'" <kaplan@iepa.com>, "'tcwillia@duke-energy.com'"
<tcwillia@duke-energy.com>, "'rwhyde@duke-energy.com'"
<rwhyde@duke-energy.com>, "'Suzy.L.Rodriguez@dynegy.com'"
<Suzy.L.Rodriguez@dynegy.com>, "'ppitts@wiredworld1.com'"
<ppitts@wiredworld1.com>, "'mnobili@cal-lobby.com'" <mnobili@cal-lobby.com>,
"'sscsus@aol.com'" <sscsus@aol.com>, "'kvellandi@pstrategies.com'"
<kvellandi@pstrategies.com>, "'Jean Munoz'" <jmunoz@mcnallytemple.com>
		 cc: Energy Practice Group <EnergyPracticeGroup@manatt.com>
		 Subject: SEMPRA ENERGY DEAL ANNOUNCED....  FINALLY!

OFFICE OF THE GOVERNOR
PR01:295
FOR IMMEDIATE RELEASE
06/18/2001
GOVERNOR DAVIS ANNOUNCES AGREEMENT WITH SDG&E, SEMPRA ENERGY
$400-$12,000 Per Customer Balloon Payment Eliminated, No Additional Rate
Increases Required to Pay Off Undercollection
SACRAMENTO
Governor Gray Davis today announced an agreement with San Diego Gas &
Electric and the utility's parent company, Sempra Energy, that will erase a
$747 million balloon payment facing the utility's three million customers.
"The balloon is burst," Governor Davis said. "Under this agreement, the
undercollection is eliminated, without any increase in rates. This is a
massive benefit to the San Diegans, the first Californians to bear the brunt
of our state's energy crisis last summer."
The Memorandum of Understanding (MOU), signed by the Department of Water
Resources for Gov. Davis with Sempra Energy and SDG&E executives while a
group of San Diego ratepayers, and State Senators Steve Peace (D-El Cajon)
and Dede Alpert (D-Coronado) looked on, includes a number of provisions to
eliminate the undercollection that could have cost each customer
approximately $750 (as much as $400 for each residential customer, $1,400
for each small-commercial customer and $12,000 for each medium-sized
commercial customer).
In addition, it would settle several regulatory cases before the California
Public Utilities Commission (PUC), gives the State the opportunity to
purchase 15,780 acres of environmentally-sensitive lands owned by the
company along the Colorado River, and provides below-market power to the
State through December 2010 from the San Onofre nuclear power plant. The
regulatory provisions are subject to PUC approval.
It also calls for the purchase of SDG&E's transmission lines for
approximately $1 billion, or 2.3 times book value. However, the deal is not
contingent on that purchase of SDG&E's transmission network, which includes
170 electric lines exceeding 69 kilovolts in capacity and spans
approximately 1,800 circuit miles from southern Orange County to the Mexican
border. The system also includes about 135 electric substations and
transmission interties with Southern California Edison's system at the San
Onofre Nuclear Generating Station.
"Throughout these long and complex negotiations, Governor Davis and we have
had the mutual objective of reducing the financial impact of California's
crisis on SDG&E's customers and helping the State gain more control over its
energy destiny," said Stephen L. Baum, chairman, president and chief
executive officer of Sempra Energy. "Today's agreement represents a winning
proposition for our customers, the State and our company: it reduces the
future financial burden on our customers, protects the State's economic
future, and creates a clear path for future growth and profitability for our
company. Going forward, we are committed to working with Governor Davis and
the State to implement his recovery plan."
The MOU signed today is the second with California's investor-owned
utilities. An agreement with Southern California Edison is pending approval
before the State Legislature. Unlike the Edison agreement, however, the MOU
with Sempra Energy does not need legislative approval (except for the
acquisition of transmission lines).
"This is an example of the good that can come when parties are responsible
and remain at the bargaining table," Governor Davis said. "This is a
balanced business transaction that benefits ratepayers and provides a stable
environment for the State's third largest utility."
Governor Davis said the MOU will not result in any additional
electric-base-rate increases for SDG&E customers to recover the $750 million
undercollection. Without the MOU, future balloon payments to recover this
sum could have been as much as $750 per customer.
The regulatory balancing account for SDG&E's undercollected power costs had
grown to approximately $750 million since September 2000, when the State
imposed a retail rate cap of 6.5 cents per kilowatt-hour, retroactive to May
2000. California state law AB 265, signed by Governor Davis last year,
provided for SDG&E's recovery of all its prudently incurred power costs, but
delegated responsibility to the PUC for determining the method and timeline
for recovery.
The agreement includes a complex package of elements to eliminate the
balloon payment, such as the settlement of the reasonableness-review case
SDG&E had with the PUC. To settle that case, the utility has agreed to
forego collecting $100 million of the balancing account.
In addition, the agreement notes that:
SDG&E agrees to give back 90 percent of the profits on two long-term power
contracts earned since the energy crisis flared last June. That means SDG&E
will forego collecting another $219 million in the balancing account. (The
California Department of Water Resources will purchase those contracts as of
June 1.);
SDG&E and its sister utility, SoCalGas, will invest at least $3 billion over
six years into capital improvements. In addition, if the State decides not
buy the transmission lines (and
SDG&E builds the Valley Rainbow line) the utility, backed by Sempra Energy,
will put another $500 million into transmission line improvements, subject
to PUC approval). Excluding the transmission system improvements, this is an
increase of $600 million more than the utilities invested in capital
improvements in the previous five years; and
SDG&E will drop all legal claims against the State.
"We know that many of our customers are extremely concerned about the
potential of large balloon payments looming in the future to address our
past undercollections," said Edwin A. Guiles, group president of Sempra
Energy's regulated business units and chairman of SDG&E. "We are pleased
that today's agreement provides the framework to resolve major regulatory
issues to the benefit of our customers. Many challenges remain, but, this
agreement demonstrates that, by working together, we can surmount these
challenges in a way that benefits all the key stakeholders in California's
energy future."
The MOU also calls for the Department of Water Resources (DWR) to continue
to buy power for SDG&E through the agency until certain conditions are met.
DWR has been purchasing power for SDG&E customers since early February.
SDG&E is a regulated utility operating in San Diego and southern Orange
counties. Sempra Energy (NYSE: SRE), based in San Diego, is a Fortune 500
energy services holding company with annualized 2001 revenues of about $13
billion. Through its eight principal subsidiaries - Southern California Gas
Company, San Diego Gas & Electric, Sempra Energy Solutions, Sempra Energy
Trading, Sempra Energy International, Sempra Energy Resources, Sempra
Communications and Sempra Energy Financial - the Sempra Energy companies'
12,000 employees serve more than nine million customers in the United
States, Europe, Canada, Mexico, South America and Asia.


I will be out of the office next  week. During my absence, please contact
Bob Cotten at extension 3-6101.


Shanna and I would love to come.

-e

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 03/27/2001 02:17:03 PM
To: Jason Bass <jbass1@houston.rr.com>, eric preston bass
<Eric.Bass@enron.com>
cc:
Subject:

Hi Guys. You guys and guest care to join us for  Easter Brunch @ SWCC? I need
to make reservations? ASAP so let me  know.-Dad


---------------------- Forwarded by John J Lavorato/Corp/Enron on 12/21/2000
12:41 PM ---------------------------

Stinson Gibner@ECT
12/21/2000 07:36 AM
To: John J Lavorato/Corp/Enron@Enron
cc: Vince J Kaminski/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT

Subject: EOL WTI New Simulations

John,

Here are the simulations for:

Normal roll:  (same as before, but included for completeness)
No Roll: (liquidate position at end of each month)
Roll to fill price gap

I have included in place of the Roll P/L, the cumulative price gap over all
the contract rolls ($/bbl).   Negative value means a backwardated market.

Normal Roll No Roll  Fill Gap

Will send the same set of runs for 2nd last day later this morning.

--Stinson


I'd like to schedule a time to meet with AFAC and Marcelo during the week of
November 28 in Sao Paulo.  Let me know ASAP if you have a preferance.  I
suggest we shoot for Tuesday (in case we have follow up issues).  Thanks.
Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 11/05/99 10:46
AM ---------------------------

"MBTOS - Marcelo Rodrigues" <Mbtos@tozzini.com.br> on 11/05/99 05:40:42 AM
To: Sara Shackleton/HOU/ECT@ECT
cc: Af@tozzini.com.br, Giani@tozzini.com.br
Subject: Re: Financial Trading in Brazil

"S?o Paulo, November 05, 1999

Dear Sara:

Thank you for your message below. We are at your disposal to meet with you
during the week of November 28 on any of the days that you have suggested:
November 30 - (Tuesday),
December 1 (Wednesday) or December 2 (Thursday).

Please inform which date is more appropriate for you.

Kind regards,

Marcelo Rodrigues"

>>> "Sara Shackleton" <sshackl@ect.enron.com> 11/04 2:12 pm >>>

Marcelo:  Have you had a chance to speak with AFAC about the week of November
28?  Please let me hear from you soon.  Regards.  Sara

"MBTOS - Marcelo Rodrigues" <Mbtos@tozzini.com.br> on 10/27/99 05:40:35 PM

To:   Sara Shackleton/HOU/ECT@ECT
cc:   Andrea Bertone@ENRON_DEVELOPMENT, Brent Hendry@ENRON_DEVELOPMENT, Lynn
      Aven@ENRON_DEVELOPMENT, Randy Young@ENRON_DEVELOPMENT, Rick
      Hopkinson@ENRON_DEVELOPMENT, Mark Taylor/HOU/ECT@ECT, Af@tozzini.com.br
Subject:  Re: Financial Trading in Brazil

"Dear Sara:

Thank you for your message below. Please note that AFAC is in a business trip
in
Japan and will be back to Brazil in the beginning of next week. We will
confirm
to you the scheduled dates referred to in your message below in the middle of
next week.

We look forward to receiving from you the list of remaining issues referred to
below.

Best regards,

Marcelo Rodrigues"

>>> "Sara Shackleton" <sshackl@ect.enron.com> 10/27 6:32 pm >>>

AFAC and Marcelo:  We are in the process of reviewing the Comparative Chart
and
attached memorandum and will soon provide a list of remaining issues which
Enron
North America and South America would like to have addressed.  We are also
attempting to identify specific types of transactions which may be required to
hedge Enron risk in Brazil before 12/31/99.  For planning purposes, the
"group"
would like to meet with you in Sao Paulo during the week of November 28.   We
are hoping that you may be able to accomodate us on  November 30 (Tuesday),
December 1 (Wednesday) or December 2 (Thursday).  Please let us hear from you.
Regards.  Sara


Executive Summary
? If no comprehensive deal is reached by April 9th, chances of bankruptcy
increase due to a one day "opt-out" clause in all long-term power contracts.
? PG&E and State locked in tough negotiations, several issues on the table:
 PUC-imposed requirement forcing PG&E to ultimately be responsible for
California energy supplies
 Price of the grid; state - 2.3 times book value vs. PG&E - 4 times book value
? PG&E will not use any of the $1B secured last week to help their ailing
utility.
? Davis's announcement of long term power contract didn't include some
details:
 Of the 8,800 megawatts secured this far, only 6,000 are available this
summer
 Some of the "long term contracts" are really only for three months
 None of the contracts prevent California from buying peak demand on the spot
market
? One the same day Davis announced long term contracts, Davis also quietly
announce a 10% rate hike.
? FERC may be the wild card in approving this deal.

PG&E
Transmissions deal
One thing that is still uncertain is PG&E.  Bankruptcy may still be a likely
alternative if current negotiations to buy PG&E's share of the electric
transmission grid fail to produce a deal by April 9 (when all long-term power
contracts being negotiated have a one-day "opt-out" clause they can exercise
unilaterally if a "comprehensive solution" has not been reached by the state
and its major utilities).  According to sources close to senior PG&E
officials, PG&E made it clear that any hope for a politically acceptable deal
on the transmission lines depends on the California government's willingness
to make a major financial commitment it has been completely unwilling to make
until now.

PG&E will not make a final deal to sell its grid unless Davis agrees to
relieve it of the PUC-imposed requirement to be the "electricity buyer of
last resort."  Current state regulations make the utility companies
ultimately responsible for generating or purchasing enough electricity at all
times to supply California's energy needs.  As long as the state steps in and
makes those purchases, as it has for the past three months, the utilities are
shielded from absorbing the losses generated by paying premiums for spot
market power and selling to consumers who are shielded by low rate ceilings.
But, PG&E officials are worried 1) this summer's supply and 2) Davis's
concern over how fast he is draining the state's budget surplus.  If things
get into a crunch this summer and Davis makes a new decision that the state
will pay only for the electricity it buys through long-term contracts, then
PG&E will be left holding the bag.

Thus, as part of the negotiations over buying the electricity grid, PG&E is
demanding a "comprehensive solution" that includes not being liable for cost
differentials between the spot market purchase and what consumers are allowed
to pay.  State officials are in no mood to grant that kind of "get out of
jail free" card, so the two sides remain locked in extremely tough
negotiations that are complicated by three other factors: (1) PG&E's public
behavior and welter of announcements in the past few days that seem to
encourage suppliers to force involuntary bankruptcy; (2) State legislative
demands that the price Davis negotiate for PG&E's part of the electricity
grid be no more than 2.3 times revenues from the grid; and (3) the FERC must
"positively approve" any grid purchase by the state of California.

The principal concern on the price front is that PG&E wants to sell the
electricity grid for nearly four times the estimated book value of their
transmission, while consumer groups insist that two times book value is the
politically acceptable limit.  "We see 2.3 times book value as an absolute
upper bound. There is no way PG&E will get more than that, whatever they
think," according to the leader of one main consumer groups.  "We are going
to try to force any deals down to about 2.0 in any case." Negotiators for
Davis are also trying to 'proposition-proof' any transmission deal to protect
against a later ballot proposal.  They think there are ways to do that, but
not if the price of PG&E's part of the grid triggers a ballot initiative.
Remember, if Davis's eventual solution triggers a ballot initiative, he will
be running for re-election on the same ballot as a public initiative designed
to overturn his solution.

On the Sacramento front - no one understands PG&E's motives
The one question no one in Sacramento can figure out is what kind of game
PG&E is playing.  In a three day period PG&E made a series of announcements
that left everyone scratching their heads.
? Late Thursday, PG&E officials leaked information to California papers that
they had agreed in principle to sell their part of the electricity
transmission grid to the state, which seemed like obvious good news, but then
made it clear in discussions that the price they were asking was at least 30%
above what the state was currently offering.  While a deal can still be done,
anything like the $10 billion PG&E wants would be very hard to get through
the California legislature which needs to approve any purchase.
? Late Friday, PG&E officials announced that they had secured a $1 billion
loan for the parent company (not the electricity utility) and would use the
money to pay off bondholders, other creditors and to return $161 million to
shareholders in a new dividend payout.  Not a cent of that money was
earmarked to help the struggling electricity orphan of PG&E and that left at
least one rating agency convinced that the company was more ready to send the
utility into bankruptcy than had been previously understood.
? Over the weekend, PG&E leaked a story claiming that it was willing to pay
off its energy suppliers' debt for 15 cents on the dollar right now.  For
generators who are having to make decisions each morning about whether to
start legal actions that protect their rights in any eventual bankruptcy
action or hold off on the assumption that the politics of this process will
"make them whole" in a couple of months, that kind of trial balloon is
extremely unnerving.

Thus, in a very short time period, PG&E's corporate owners showed they could
access public credit markets with relative ease and then showed that they
were unwilling to use these funds to smooth the way toward a solution to the
energy crisis.  Davis has demanded that all of the major utilities absorb at
least a part of the $13 billion debt they have accumulated since last summer
and PG&E's fund-raising will harden and deepen those demands.  As one senior
political official told our source "just when you think the corporate
leadership of that company has insulted us as completely as possible, they
come up with something even more outrageous."

PG&E's actions also complicate the broader solution Davis is trying to
construct to solve California's problems.  State Democrats doubt they will
get Republican support for a deal, which means a vote will fall short of the
two-thirds majority necessary for immediate enactment (resulting in 90 days
for the legislation to go into effect).  Additionally, in the past 48 hours,
many Sacramento sources have reported that forcing creditors to take a less
in any debt payback is gaining substantial support with the legislators and
may be crafted into any legislation to authorize Davis to purchase the
electricity grid.

Long-term Contracts - Davis didn't tell the whole truth
Yesterday, Davis announced that he had signed "long-term" power deals for
8,800 megawatts of power, out of a total 12,000 megawatts he wanted to sign
eventually. According to the press release, Davis is now 75% of the way
toward his long-term goal and has already solved the hardest part of
California's energy crisis. This means consumers would maybe pay more than
necessary five years from now, but these contracts "guaranteed" that
consumers would pay less for the next three years.  What Davis failed to
highlight was that of the 8,800 megawatt commitment, actually only 6,000
megawatts are available this summer (when demand is expected to 45,000
megawatts); and some of these "long-term contracts" are actually only good
for three months.  None of these contracts, however, keep California from
having to buy the most expensive peak demand electricity on the spot market.

Davis Agrees on New Consumer Electricity Rate Hikes for Next Year
While the media was concern with Davis's announcement of long term contracts
for California, of less concern to the media was Davis's quietly announced a
decision to let rates rise again for electricity consumers. The state will
accept the 10% emergency surcharge levied on consumers in January as a
permanent increase as well as an additional 10% increase for consumers that
will take effect early 2002 when the old 1996 rate cut legislation expires.
That would bring the average charge to about 8 cents a kilowatt hour.

FERC
The other major danger to the transmission line deal is that the Federal
Energy Regulatory Commission can block the deal simply by failing to approve
it in a positive vote. Senior California officials and legislators doubt that
FERC has jurisdiction, and believe that FERC would not dare stop a deal. But
they may be wrong. "The deal can only go through if FERC specifically signs
off on the deal. Its power over transmission deal is absolute, no matter what
anyone says," according to source close to the President. There are three
possibilities: 1) FERC could "pocket veto" it by not even putting it on
agenda for discussion; 2) the deal is put on the agenda but it gets voted
down. The Democrat on the commission, William Massey, has already said he is
opposed to it; or 3) the Commission could approve it but with condition that
Davis has to agree to bring the lines into a regional grid system.

One complicating factor in the FERC decision, however, is that its chairman
Curt Hebert, who is adamantly opposed to the transmission line sale, may not
be around long enough to have his say. "Hebert is definitely not a shoo in
for the FERC chairman position," says one Washington official. Two other
appointments to the Commission will soon be named, this official notes, and
one of them "could easily become chairman."