FYI.  The attached briefing isn't great news for consumers in the Western
markets.  The key conclusion is that:

"CERA expects this shoulder season to differ from years past, however, with
power and gas markets producing strong year-over-year prices and little
relief from summer levels, even with normal September weather."

Jim

---------------------- Forwarded by James D Steffes/HOU/EES on 08/24/2000
11:40 AM ---------------------------

Margaret Carson@ENRON
08/23/2000 08:09 AM
To: James D Steffes/HOU/EES@EES, Rob Bradley/Corp/Enron@ENRON
cc:
Subject: Monthly Briefing: A Shoulder Month Without Shoulder Prices - CERA
Alert

fyi   a   very good recap  of upcoming  market trends..Marg
---------------------- Forwarded by Margaret Carson/Corp/Enron on 08/23/2000
08:08 AM ---------------------------

webmaster@cera.com on 08/22/2000 10:27:55 PM
To: Margaret.Carson@enron.com
cc:

Subject: Monthly Briefing: A Shoulder Month Without Shoulder Prices - CERA
Alert

**********************************************************************
CERA Alert: Sent Tue, August 22, 2000
**********************************************************************

Title: Monthly Briefing: A Shoulder Month Without Shoulder Prices
Author: Zenker, Snyder, Moritzburke
E-Mail Category: Alert
Product Line: Western Energy ,
URL: http://www.cera.com/cfm/track/eprofile.cfm?u=3014&m=1320 ,

Alternate URL:
http://www.cera.com/client/ce/alt/082200_18/ce_alt_082200_18_ab.html
**********************************************************************

As western markets continue to struggle through high August demand and prices
for both power and natural gas, September looms as the start of the fall
shoulder season. The shoulder season historically has brought the possibility
of a break in weather and a demand drop in both power and gas prices from
summer levels. CERA expects this shoulder season to differ from years past,
however, with power and gas markets producing strong year-over-year prices
and little relief from summer levels, even with normal September weather.

West-wide power loads will decline but will remain similar to those in June,
a month with high power prices. In addition, compared with June levels
hydroelectric capacity has dropped owing to reduced stream flows, leaving
more expensive gas-fired generation to replace declining hydroelectric
output. CERA expects occasional hot weather and higher gas prices to push
on-peak prices in the West to 244 percent over September 1999 levels.

Continued strong use of gas-fired generation in the West, as well as low US
storage inventories and tight supply demand balances, will keep the pressure
on gas prices. Topock prices are expected to average $4.45 per million
British thermal units (MMBtu) in September.

These high September gas and power prices are driven by

* Declining hydroelectric output. The months of September through November
represent the low point for hydroelectric output in the West, with rainfall
historically boosting output in December. Approximately 16,400 average
megawatts (aMW) will be available from hydroelectric facilities during the
three-month period. This represents a net reduction in capacity of 6,900 aMW
when compared with the recent June-August summer months and a reduction of
3,600 aMW when compared with September 1999 levels.

* Higher, more variable power demand. The Southwest and Southern California
still experience hot weather in September, and regional utilities typically
consider it possible that a year's peak load event will occur in September.
Spiking loads, however, can quickly retreat with a return to cooler weather.
Thus, power loads and power prices are expected to experience a high degree
of variability during September.

* High levels of gas-fired generation. Load growth and a declining
hydroelectric resource base will require gas-fired resources to serve
approximately the same level of demand as in June 2000, a month with similar
average demand and monthly average on-peak power prices in the $150-$178 per
megawatt-hour (MWh) range, depending on the region. This strong pull on
gas-fired plants will push deep into the generation resource base, driving
prices upward. An additional 1.7 billion cubic feet (Bcf) per day will be
required for gas-fired generators in the US West compared with September 1999
levels.

* Strong North American gas prices. Natural gas prices are expected to retain
most of this summer's peak levels, as North American supplies remain tight. A
market anxious about winter demand and price levels will also limit a price
retreat this fall. As a result, average September Henry Hub prices are
expected to trade around $3.95 per MMBtu. An active storm season could keep
Henry Hub prices near the $4.50 mark.

* Strong western basis differentials. The strong demand for gas to serve
gas-fired generation and storage concurrently will maintain western basis
differentials at high levels, especially in the California markets. CERA
expects a Topock-to-Henry Hub differential of $0.40 per MMBtu during
September. Extended operational problems associated with El Paso's pipeline
rupture would raise that outlook.

Regional Power Market Drivers
Hotter-than-normal August weather, transmission and generator outages, high
natural gas prices, and declining hydroelectric output all contributed to a
rise in power price levels during August. Southern California average power
prices in August have thus far exceeded July levels by an average of $90 per
MWh during the on-peak period and by $14 per MWh during the off-peak period.
Mid-Columbia power prices, bearing the brunt of fire-induced transmission
outages, experienced a jump from July price levels of $114 per MWh for the
on-peak period and $20 per MWh in the off-peak period.

Off-peak prices, which have averaged above $60 per MWh during the June-August
period, are clearly defined by the production cost of gas-fired resources.
On-peak prices during this same period, at over $100 per MWh in all regions
in all months, have reflected a significant premium at times over the cost of
the marginal system generator (see Table 1).

A return to normal weather should drive West-wide loads down by 8,300 aMW in
September from August levels. However, load growth and a return to normal
weather are expected to push loads up by 5,400 aMW when compared with
September 1999 levels. These greater loads, coupled with a reduction in
hydroelectric generation of 3,600 aMW from last September's levels, will
create supply tightness during September (see Tables 2 and 3).

Hydroelectric, coal, and nuclear generation together will be insufficient to
serve West-wide demand in September, even during much of the off-peak
periods, requiring gas-fired resources to meet a significant portion of the
load. Gas demand for power generation is expected to average 5.2 Bcf per day
in September, down from over 5.9 Bcf per day in August but up by a dramatic
1.7 Bcf per day compared with levels in September 1999.

September power prices will be defined by a floor set by the incremental cost
of gas-fired generation, approximately $50 per MWh, with prices frequently
higher as demand increases. As this summer has clearly demonstrated, prices
rise in a nonlinear fashion as supplies grow very tight. Hot weather-induced
loads should provide additional examples of this relationship. * Cooler- or
hotter-than-normal weather in September, coupled with the inherent high
variability of September loads, will produce a wide range of price outcomes.
Under normal weather, on-peak power prices are expected to fall in the
$113-$123 per MWh range, depending on location, representing a 244 percent
premium to year-ago September prices (see Figure 1).

The latest revision of the California Independent System Operator's (ISO's)
imbalance energy market cap down to $250 per MWh is expected to depress
market prices during any weather events in September. CERA expects the ISO
price cap to limit prices outside of California as well.

Pacific Northwest
Although demand levels in the Pacific Northwest are expected to retreat in
September by at least 1,100 aMW compared with those in the hotter-than-normal
month of August, the loss in available capacity from hydroelectric resources
will amount to 1,900 aMW over the same period (see Table 4). Thus, the
Pacific Northwest will be in an even more limited position to export power to
other regions. With transmission interties operating at below rated capacity
during this period, power prices in the Pacific Northwest will maintain their
tight relationship with those in Northern California. These price levels will
continue to support the operation of the region's limited quantity of
gas-fired generation. Mid-Columbia on-peak price levels are expected to
average $118 per MWh in September.

Off-peak power price levels in the Pacific Northwest will also receive a
boost from the strong markets to the south. The expected September level of
$54 per MWh represents the opportunity cost of power sales in surrounding
markets.

California
The fall months initiate a seasonal shift in price differentials that
separates the West into markets that lie north of transmission Path 15 and
those to the south. As in years past, hydro-depleted Northern California
should experience demand levels that must be served by generation resources
within the region. Exports from the Pacific Northwest dwindle, and energy
from the nuclear and coal-rich Southwest is constrained from entering
Northern California by Path 15 import limitations. This condition, which is
expected to persist from September through November, allows Northern
California to price at a premium. The expected monthly average on-peak
Northern California price of $123 per MWh incorporates this dynamic. Notably,
the California ISO is completing a process to remap the zones in California,
in part to capture locational price differences more effectively.

Southern California, like the Southwest, will typically experience hot
weather episodes in September. During these high demand periods, prices will
rise to peak levels as experienced this summer. In addition, California as a
whole should see average loads in September that are 4,600 aMW higher than
those of September 1999. Occasional cooler weather will sharply but
temporarily reduce daily prices. Southern California benefits from the
abundant export capacity of the Southwest during cooler weather in that
region, allowing prices to fall well below those in Northern California. An
$8 per MWh differential between the north and south portions of the state is
expected, with Southern California on-peak prices averaging $115 per MWh.

Off-peak prices of $53 and $47 per MWh for Northern and Southern California,
respectively, reflect the continued need for gas-fired resources to support
September off-peak loads.

Rockies and Southwest
An extended period of hot weather in July and August has boosted demand in
the Rockies, a region with growing saturation of residential air
conditioning. Limited transmission capacity and a dearth of cheaper exports
from surrounding regions have allowed the Rockies to price temporarily at a
premium to all other regions in the West.

A return to normal weather in September should restore the previously tight
relationship of Rockies prices to those in the North. Rockies prices are
expected to fall with loads, with a September monthly on-peak price average
of $113 per MWh and an off-peak price average of $43 per MWh.

CERA expects Southwest prices to be tightly connected to prices in Southern
California on a monthly average basis. The two regions generally experience
the same September weather patterns, and a strong 7,600 MW transmission link
between the two market centers allows them to balance loads with each other.
Strong gas prices and occasional market tightness-induced price run-ups will
maintain on-peak prices at the $115 per MWh level in September. Off-peak
prices will, like those in Southern California, be buoyed by the high cost of
gas-fired generation. A price level of $47 per MWh is expected for off-peak
prices.

Regional Gas Market Drivers
The summer competition for gas supply between power and storage continues in
North America, with gas prices reflecting the intensity of that competition.
Even as the summer power peak subsides in September across the United States,
the need to continue strong storage injections and the threat of storms in
the Gulf will keep prices high and volatile. The storage deficit now stands
at approximately 350 Bcf, and US storage inventories look likely to head into
winter at historically low levels. This critical storage situation will keep
prices high despite overall declines in power loads in September. CERA
expects a Henry Hub price of $3.95 per MMBtu during September.

In the West strong power loads and the potential for power peaks persist
through September, especially in California. Overall, total demand for gas is
expected to decline across the West from 10.1 Bcf per day during August to
9.8 Bcf per day during September (see Table 5). This load will tend to keep
intraregional differentials wide throughout the West during the month. The
recent price disconnects between the supply-rich Rocky Mountains and San Juan
Basin and demand-charged California will persist. October should bring some
change in this dynamic as heating loads in the Rockies begin to increase.

In general, winter will bring a dramatic shift in regional pricing
differentials throughout the West. The summer pressure on Rocky Mountain
supplies caused by high utilization rates on most export pipelines will be
relieved somewhat by regional heating loads. Declines in flows into the San
Juan Basin from the Rockies will take some downward pressure off prices in
the San Juan. On the other hand, healthy California storage inventories
should limit price premiums at Topock through the heating season. The
start-up of the new Alliance pipeline, which will draw gas to the Midwest,
will support prices in the Pacific Northwest and California.

California
Topock continues to be the premium pricing point in North America, although
differentials between Southern California and the Henry Hub subsided somewhat
from peak levels near $1.00 per MMBtu before this weekend's pipeline
explosion. Total imports into California reached record levels during July;
total imports of 5.8 Bcf per day eclipsed the previous high by 300 million
cubic feet (MMcf) per day (see Table 6). Pipeline capacity into the state
during the month ran at 83 percent utilization. So far in August, pipeline
capacity utilization is exceeding even that high rate, running at 85 percent.
These high rates of capacity utilization are putting pressure on gas prices
in Southern California, and the pressure should continue during September.

Total demand in California is expected to decline somewhat during September,
but continued strong power loads and low seasonal hydroelectric generation
will provide support. Total demand in the state should average 6.6 Bcf per
day, down only slightly from August's total of 6.8 Bcf per day. Flows into
the state between August and September are not likely to change
significantly, but price pressure should decline somewhat with demand. The
Topock differential to the Henry Hub should average approximately $0.50 per
MMBtu for September (see Table 7).
Storage inventories in the West are still healthy relative to levels in the
rest of the United States, but the storage surplus in the region has eroded.
In California, inventories are running lower than last year, and the deficit
in the state looks likely to widen during September. The end of injection
season storage inventories will determine the vulnerability of Topock
differentials to winter price spikes.

Pacific Northwest
Malin prices this summer have shown neither the strong premiums that Topock
prices have shown nor the wide discounts that supplies in the Rocky Mountains
and San Juan Basins have shown. So far this month, prices at Malin are
averaging a $0.25 per MMBtu discount to the Henry Hub. Pipeline capacity into
the region from the Rocky Mountains is running nearly full; flows on PGT out
of Alberta have averaged nearly 2.2 Bcf per day this month. Export capacity
out of the region on PGE GT NW is running close to capacity, and pipeline
constraints to the south combined with strong California demand are driving
the wide Malin-to-Topock differentials.

Continuing strong demand in the South will likely keep Topock prices strong,
and the wide north-south differentials within the West will likely hold
through September. In the Pacific Northwest demand is expected to climb
through September to 1.5 Bcf per day from 1.4 Bcf per day in August. This
demand level should keep Malin differentials from widening from current
levels. For September CERA expects Malin prices to average $0.10 per MMBtu
below the Henry Hub price.

Southwest
Prices in the San Juan Basin this summer have been left behind by rising
California demand. Although the westward pull on supplies is strong,
bottlenecks between California and the San Juan have led to disconnects
between San Juan prices and Topock prices. Pipeline capacity utilization
rates on Transwestern and the northern leg of El Paso reached 93 percent
during July, with less than 200 MMcf per day of excess pipeline capacity.
Increased flows from the Rockies on TransColorado and Northwest are
contributing to downward pressure on San Juan Basin supply, and in general,
the San Juan has followed Rocky Mountain prices rather than following prices
at Topock or the Permian Basin.

Unlike in the past two summers, the bottleneck has not allowed power demand
on the West Coast to support San Juan prices relative to Permian prices. The
differential between San Juan and Permian has averaged $0.50 per MMBtu so far
this month and $0.30 per MMBtu since June. Additional imports from the
Rockies into the San Juan have increased supply by 200 MMcf per day relative
to last summer, but these higher flows do not fully explain the disconnect.
Without much change in Southwestern or Rocky Mountains local demand, the San
Juan should continue to price at a wide discount during September. The San
Juan-to-Henry Hub differential is expected to average $0.60 per MMBtu. As in
the Rockies, differentials should narrow substantially in October.

Rocky Mountains
Downward pressures on Rocky Mountain prices intensified over the past month
as utilization rates on pipelines out of the region continued to climb.
Record heat and power generation levels have done little to boost gas demand
within the region; generation is still largely coal-based, and the demand
impact on gas of the additional load is minimal. CERA expects the heavy
discount-current Rocky Mountain-to-Henry Hub differentials are around $0.90
per MMBtu-to persist through September. Local area demand is not expected to
change during September. Substantial gain in local demand comes in October
with heating loads; October demand should average 1.4 Bcf per day, up from
August and September averages of around 1.2 Bcf per day.

Although the winter heating season will relieve pipeline pressures in the
Rockies, winter differentials are expected to stay in the $0.25 to $0.40 per
MMBtu range. Strong storage inventories will limit the connection with
broader North American markets this summer. Next summer, pressures on Rockies
supplies will likely intensify relative to this summer. Although pipeline
expansion projects have been announced-Trailblazer and Williams announced
expansion plans this summer-the new capacity will not be online to relieve
constraints next summer. CERA expects supplies within the Rocky Mountains to
increase by 300 MMcf per day next year.

Western Canada
After widening to over US$1.50 per MMBtu, the AECO-Henry differential has
begun to narrow somewhat; maintenance that has restricted flows has largely
been responsible for the jump from $0.84 per MMBtu in July. With current
supply able to fill the contracted pipe capacity and incremental volumes
having to pay full cost to flow, differentials are likely to persist in the
mid-US$0.70s per MMBtu for September. AECO is expected to be US$3.25 per
MMBtu (C$4.53 per gigajoule) for September. Even with the start-up of the
Alliance project, the contract nonrenewal on TransCanada is likely to
continue the two-tiered pricing dynamics of contracted versus uncontracted
pipeline costs. This will result in differentials that will range between
US$0.60 and US$0.75 per MMBtu throughout the winter.

Supply build in western Canada continues to languish behind last year's
levels. The pace of drilling (over 9,000 gas wells are expected this year)
should provide growth in the fourth quarter and into 2001. Supply is expected
to be flat with 1999 on an annual basis for this year and up at least 350
MMcf per day in 2001.

Sumas prices have been quite volatile, driven by both weather in the Pacific
Northwest and maintenance on the Westcoast system. For September, Sumas is
expected to be slightly more stable and to price at a modest premium to AECO
of US$0.05 per MMBtu.

**end**

Follow URL for PDF version of this Monthly Briefing with associated graphic
and tables.

*********************************************************
CERA's Autumn 2000 Roundtable event dates and agendas are
now available at http://www.cera.com/event
*********************************************************

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Copyright 2000. Cambridge Energy Research Associates


Hi Lousie,

I will bring you up an initial set in an hour or so.

Savita

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Tuesday, August 07, 2001 1:18 PM
To:	Puthigai, Savita
Subject:	Lavorato

John is going to Calgary today and would like to review EnronOnline and the Calgary office.  Can you pull as many reports together as possible relating to their performance and how successful they have been in getting customers online.

Thanks

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


Hey Guys-

There are three trades done with Mike Maggie through Elite Brokers on
05/09/01.
The counterparty is Axia Energy and these deals are not in TAGG-

ENA sells Call; 500,000 vol
 .81 premium
4.55 strike
March 2002

ENA buys Put; 500,000 vol
.81 premium
4.55 strike
March 2002

ENA buys Call; 2,000,000 vol
.8850 premium
4.70 strike
February 2002

ENA sells Put; 2,000,000 vol
.57 premium
4.15 strike
May 2002

Axia shows these premiums due to them tomorrow-
Please let me know

THX
jennifer


Start Date: 4/30/01; HourAhead hour: 9;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001043009.txt
Error: Invalid variant type conversion

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTstCA
  MKT_TYPE: 2
  TRANS_DATE: 4/30/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_5001
  ENGY_TYPE: FIRM


fyi
jan red jan 32/33 with sep @392


GOVERNOR DAVIS COMMENTS ON FEDERAL ENERGY REGULATORY COMMISSION'S REPORT

The following is a transcript of Governor Gray Davis' remarks on the Federal
Energy Regulatory Commission's (FERC) report:

"My goal is to keep the lights on and to keep the price of electricity
affordable. That is more of a challenge than you might imagine in this
complicated deregulated world we find ourselves in. I believe we are making
a good start.

"Last year I was able to sign legislation that basically stabilized rates in
San Diego, and I supported hundreds of millions of dollars for renewable
power resources, like the photovotaic program you see behind us, to support
financially and also encourage voluntary support for conservation programs
up and down the state to reduce California's use of electricity by 10% when
we had a Stage Two alert and to encourage demand management programs by a
number of industries, including the technology and grocery industry that
reduce the demand on any given day.

"Having said all that, this market is dysfunctional. It is a very difficult
environment for deregulation to work. And I repeat again, deregulation can
work but only if all parties act responsibly and if the market is
competitive, which it is not.

"I was pleased to see that Secretary Richardson agrees with me that this
market is dysfunctional and I am also somewhat pleased by the initial
reports of the action that FERC took today. It is a mixed blessing. They do
recognize that we are operating in a dysfunctional market and they do agree
that the rates are not just or reasonable. However, they did not, as I
encouraged, order rebates to the consumers and businesses in San Diego who
were literally gouged and for the profiteering and market manipulation that
San Diego had to suffer through.

"FERC also decided to abolish the stakeholder boards at the ISO-independent
service operator, and the power exchange. FERC agrees with me that they are
self-serving and either contributed to or participated directly in market
manipulation. However, it is unclear what will replace those boards. The
good news is that they agree with our premise that the market is
dysfunctional, rates are unreasonable and unjust. The bad news is there is
no immediate remedy for ratepayers here in California.

"I believe the marketplace generally makes good decisions but I am not going
to be a prisoner of ideology. I do not want some knee jerk reactions to
drive our economy or our consumers to their knees. I have seen time and
again the most right wing conservatives in San Diego that say, 'please give
us money to bail us out from the increased prices that have descended upon
us.' So as I have long understood, economics drives politics and at the
moment we are shipping about $6 billion more out of this state for
electricity than we paid about 12 months ago. That has got to stop.

Question inaudible.

"It appears that the FERC said they are going to restructure it and this
again suggestes the complexity that we have to deal with. Once the state
deregulated distribution from power generation in 1996, the PUC basically
surrendered most of its control over the purchase and acquisition of
electricity for California and that control reverted to the Federal Energy
Regulatory Commission. As I read the initial reports from the FERC decision
today, they are saying the ISO and the power exchange are dominated by stake
holder members and they think that is ill advised, as do I. There will be
new boards established and we will tell you how they are established. So it
is unclear whether we have the authority to, independent of the FERC to
establish our own ISO and power exchange. My initial reading of the press
reports suggest that we may not. That is something that has to be cleared up
over the next several days.

Question inaudible.

"We have had a series of meetings over the past two months with all kinds of
stakeholders from turn to utilities to generators, other consumer groups
from San Diego and we are trying to forge a consensus which will indicate
the path that we will take. I am not at the point where I can tell you what
that consensus is. But we are making progress.

Question inaudible.

"That we are going to fight for consumers, that they should not bear the
full brunt of this experiment in deregulation. At best it was premature and
the market place was not prepared. The marketplace is dysfunctional, it is
not competitive. There is a far greater demand for electricity than we can
generate in this state. I want them to know that we are working night and
day to find a solution that will ensure that they are not the guinea pigs
for this ill-conceived scheme.

"I am pleased that FERC has recognized that the marketplace is
dysfunctional, recognized that rates are unjust and unreasonable. I am not
pleased that they have not offered any solutions. It looks like we are going
to have to wait until November 9th at the hearing in front of FERC at which
their full plan will be unveiled and there will be a chance to comment,
critique and modify and then thirty days after that the plan will be adopted
in full or in part. This is a very important meeting in which our
administration will be fully represented and I hope to be able to inform the
consumers of this state more fully at the conclusion of that meeting if not
before.

"I believe refunds are due and necessary. FERC and the Secretary of Energy
have concurred with my assessment that these rates are not just and
reasonable and I believe that FERC has the power to order refunds. It is
unclear whether they believe they have the power to do it or not. Congress
could settle

the question by simply passing legislation to ensure that. Over the long
haul, by that I mean 5 to 10 to 15 years, I believe deregulation can work
but only if we have a competitive marketplace and if all parties act
responsibly. As I told everyone involved in this process, some people may
win the battle but lose the war if they insist on gouging every consumer and
citizen of this state. The people of California will stand up; they will
rise up and take matters into their own hands. The problem with deregulation
lowering rates, is that we have not seen them and frankly none are on the
immediate horizon.

Question inaudible.

"Let me just say two things. I think there is plenty of blame to go around
but there is no question that the generators who happen to be out-of-state
companies are charging us 600 to 700% more for the very same electricity
that we purchased last year. You cannot add value to an electron. An
electron is an electron. They are simply taking advantage of an ill-advised
scheme envisioned in the 1996 act to charge what the market will bear. I am
standing up and saying no more. We are not going to take this lying down. We
are fighting back. The difficulty is that we do not have the power that we
used to have. The state surrendered a lot of that power when Governor Wilson
signed the deregulation bill. Actually carried by Jim Brulte and co authored
by Steve Peace, they were the two driving forces as they will be happy, well
maybe not so happy, to acknowledge. It may have seemed like a good idea in
1996 but I did not participate in that debate and I don't have a comment on
whether it was a good idea then. But clearly in the year 2000 it is not a
good idea. Again our problem is we can describe the problem and we have some
limited authority over the power the utilities have not yet sold off to the
generators which is about 35-40% of their facilities that they used to own
and we do not have control over the facilities they have sold off to the out
of state generators that purchased them. FERC has control over them and it
is unclear whether we even have control to establish our own ISO and our own
power exchange and if we did I would have them reconstituted. There is no
question about that. They are too self serving too inbred and too incestuous
and do not represent consumer interests. Plus you cannot hold anyone
accountable there is no one public official on any one of those boards. You
cannot hold anyone accountable and they determine largely what the price of
electricity is and how any shortages are allocated throughout the state. So
these are serious responsibilities given to these stakeholder boards and no
public official participates on those boards.

Question inaudible.

"You are more right than wrong. As the chief executive of this state I am
going to advocate what I believe is in the best interests of our consumers
and businesses. Electricity is the lifeblood of our economy. Without water
and electricity, consumers and businesses are just simply out of luck.
Whether or not this deregulatory scheme in 1996 made sense then is a
question not worth debating today. But it does not make sense today.
Unfortunately that plan adopted by our legislature and governor Wilson in
1996 surrendered control over generating facilities that the PUC used to
monitor and supervise. So it is unclear how much power is left to the state.
FERC seems to be suggesting

today, not much. Obviously as governor of this state I want to assert as
much authority as I possibly can because I know I will be held accountable
and obviously I would like the authority to go along with the responsibility
that is laid at my doorstep.

"I have one goal in mind: to do our level best to make sure that our lights
stay on and our economy has the benefit of the electricity it needs and the
prices are reasonable. What path we take to that matters less to me than
that we get to that result. Because that is the result that is necessary to
allow consumers to go about their lives and business to function and make a
profit and hire more people and to sustain our economic growth which in turn
provides the resources that allow us to finance the schools and protect the
environment and provide healthcare. Without electricity there is no economic
growth, without economic growth we do not have the resources to do justice
to our public obligations. Thank you for coming out here today.

# # #

Julee Malinowski-Ball
Legislative Analyst/Associate
CalETC/Edson+Modisette
916-552-707
Fax- 552-7075
CalETC@ix.netcom.com or jmball@ns.net


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/19/2001>, published as of 10/19/2001 is now available for viewing on the website.


Thanks for your help with this.

Errol McLaughlin@ENRON
03/07/2001 09:12 PM
To: Jeffrey C Gossett/HOU/ECT@ECT
cc:
Subject: Sapient Minibook

Jeff,  attached is a minibook as of Dec. 29, 2000 for the Sapient deals.

Thanks,

Errol


When: Monday, February 04, 2002 1:30 PM-2:30 PM (GMT-06:00) Central Time (US & Canada).
Where: ECS 06112

*~*~*~*~*~*~*~*~*~*

Please accept this invitation, as it will automatically populate onto your calendars.

Thank you,

Irena Hogan
x36143


---------------------- Forwarded by Mike McConnell/HOU/ECT on 07/31/2000
03:20 PM ---------------------------

Debi Vanwey
07/30/2000 08:51 PM
To: Mike McConnell/HOU/ECT@ECT, Cathy Phillips/HOU/ECT@ECT, Philippe A
Bibi/HOU/ECT@ECT, Peggy McCurley/HOU/ECT@ECT, Jenny Rub/GPGFIN/Enron@Enron,
Marlin Gubser/HOU/ECT@ECT, Bob McAuliffe/NA/Enron@ENRON, Keith
Dziadek/NA/Enron@Enron, LaMetrice Dopson/NA/Enron@Enron, Beth
Perlman/HOU/ECT@ECT, Stephen Stock/HOU/ECT@ECT, John P Tollefsen/HOU/ECT@ECT,
Jeff Johnson/Corp/Enron@Enron, Richard Burchfield/HOU/ECT@ECT, Bryan
Powell/HOU/ECT@ECT, Chris Hanz/Corp/Enron@Enron, Louise Kitchen/HOU/ECT@ECT,
Jay Webb/HOU/ECT@ECT, John Pavetto/Corp/Enron@Enron, Allan
Sommer/Corp/Enron@Enron, Dan Bruce/HOU/ECT@ECT, Steve Hotte/Corp/Enron@ENRON,
Robert Jones/Corp/Enron@ENRON, Gary Buck/HOU/ECT@ECT, Kari
Oquinn/HOU/ECT@ECT, Ryan Seleznov/Corp/Enron@Enron, Neil
Davies/Corp/Enron@ENRON, Philip Conn/Corp/Enron@ENRON, Brad
McSherry/HOU/ECT@ECT, Mark Broadfoot/HOU/ECT@ECT, Candace Womack/HOU/ECT@ECT,
Jennifer Cronin/Corp/Enron@ENRON, Jennifer Richard/HOU/ECT@ECT, Becky
Quintana/Corp/Enron@ENRON, Amanda Curless/Corp/Enron@ENRON, Edward
Anderson/Corp/Enron@ENRON, Sheryl Beckman/HOU/ECT@ECT, Kathy
McKay/Corp/Enron@ENRON, Laura E Lara/HOU/ECT@ECT, Shellie
Gutman/NA/Enron@ENRON
cc:
Subject: Enron Net Works Staffing Report


I will most likely have a good headstart by the time you get there.

Wilson Kriegel@ENRON
05/03/2000 01:11 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: Tonight

i'm going running for sure at memorial park tonight...so i'd say latest
8pm....


We have instances where NEVP transmission is purchased daily,  but not used,
ie LV's unit goes down etc.
From  now on,   leave the mw's in Enpower on the transmission deal, even
though nothing flowed.      Please leave the mw's populated in the
transmission deal, as this transmission is take or pay.   Make a note in the
comments that we didnt flow for this hour.


Congratulations!
You've been selected to ENTER to WIN!
You have been given the opportunity to win an exclusive first class Florida vacation.
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Please CLICK HERE  to be removed from future mailings.


> > > Subject: Venus and Mars
> > >
> > >
> > >
> > >
> > > >>Her story vs. his story
> > > >>
> > > >>HER STORY:
> > > >>
> > > >>He was in an odd mood when I got to the bar, I thought it might
> > > >>have been because I was a bit late but he didn't say anything
> > > >>much about it. The conversation was quite slow going so I
> > > >>thought we should go off somewhere more intimate so we could
> > > >>talk more privately. So we went to this restaurant and he's
> > > >>STILL acting a bit funny and I'm trying to cheer him up and
> > > >>start to wonder whether it's me or something else.
> > > >>
> > > >>I ask him, and he says no. But you know I'm not really sure.
> > > >>So anyway, in the cab back to his house, I say that I love him
> > > >>and he just puts his arm around me. I don't know what the hell
> > > >>this means because you know he doesn't say it back or anything.
> > > >>We finally get back to his place and I'm wondering if he's
> > > >>going to dump me!
> > > >>
> > > >>  So I try to ask him about it but he just switches on the TV.
> > > >>  Reluctantly, I say I'm going to go to sleep. Then, after about
> > > >>  10 minutes, he joins me and we have sex. But, he still seemed
> > > >>  really distracted, so afterwards I just wanted to leave.
> > > >>  I dunno, I just don't know, what he thinks anymore. I mean,
> > > >>  do you think he's met someone else?
> > > >>
> > > >>
> > > >>
> > > >>HIS STORY:
> > > >>
> > > >>Lousy day at work. Tired. Got laid though.
> > >
> > > >
> >


Cameron will definately have to work, but I could certainly come up and
help. If she'll let me, that is.... I agree that tidying up is in order.
It's starting to look overgrown and unused, so I'll do anything I can to
help. Let me break the news to Cameron and I'll get back to you...

>From: Jeff.Dasovich@enron.com
>To: scottwl@hotmail.com
>Subject: Memorial Day
>Date: Wed, 16 May 2001 13:06:53 -0500
>
>The place (outside) is a mess and needs some clean-up (e.g., get all that
>old wood out of the front yard, whack down the weeds).  Possible for you
>guys to come up next Wednesday night and we can do a quick clean up on
>Thursday.  I'm going to try to hire a hauling company to help us and haul
>it away.  If Cameron has to work are you available?
>
>Best,
>Jeff
>

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


I am confirming my conversation with you yesterday and my conversation a
minute ago with Lori Volpi at Dynegy Canada.  As we discussed, Dynegy Canada
is trading with both ECC and ENA, with the bulk of its trading being done
with ECC.  Instead of getting two ISDA Master Agreements in place, we will
enter into an ISDA Master Agreement between ECC and Dynegy Canada, and then
just back-to-back any ENA trades down to Houston by virtue of the Services
Agreement for Financial Agreements we have in place between ECC and ENA.
Per my conversation with Lori, this will also work with the EOL trades since
the Electronic Trading Agreement provides that any financial trades done for
either ECC or ENA will be transacted under the respective master agreement in
place with either ECC or ENA.

Works for me...!


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com
----- Forwarded by Carol St Clair/HOU/ECT on 11/30/00 09:11 AM -----

	Norma Villarreal
	11/28/00 08:27 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc:
		 Subject: Re: HR Questions

Carol,
Although I would enjoy speaking with you in person, PRC is occuping alot of
my time and will do so for the next 2 weeks.  I have addressed your questions
in red and hope have been clear in my response.  Please let me know if you
have any further questions.

Norma Villarreal
713-853-1545

   Carol St Clair                11/28/2000 03:45 PM

To: Norma Villarreal/HOU/ECT@ECT
cc:
Subject: HR Questions

Norma:
My husband and I have the following HR questions that I hope you can help us
with.  As you may know, I have been out since July 12th on maternity
leave/extended unpaid leave of absence.  My plan is to return to work on
January 8th.  Here are my questions:

1. I am considering coming back to work on a part time basis.  From a
benefits standpoint, is there any difference between a RRH employee (30-39
hours) versus a RPT employee (20-29 hours)?  In others words, are there any
benefits that I would lose if I worked part-time?

The difference is in the amount of Flexdollars you would receive, as stated
below:

 Medical Coverage Semi Monthly
    Flexdollars
RRH Employee Only  123.22
 Employee/Spouse 146.97
 Employee/Child 137.00
 Employee/family 165.25

RPT Employee Only  82.15
 Employee/Spouse 97.98
 Employee/Child 91.34
 Employee/family 110.17

2. Given the fact that I am not returning until January 8th, am I still
eligible for any stock option grant program that the company may institute at
year-end?
 That is currently under discussion in developing the new Stock Option
program.  However, they are leaning towards allowing individuals in your
situation to be apart of the program.
Is there any additional paper-work that I need to submit to keep me
eligible?   No.
Both my immediate boss, Mark Taylor and our general counsel, Mark Haedicke
are aware of the fact that I am not returning back to work until January,
2001.

3. Our bank account has been recently changed.  I pulled down the "Direct
Deposit Authorization" form and I am assuming that all I need to do is to
fill it out and send it back to you.  Is that correct?  Yes, please send to
EB3698
What is your office location?

4. As I get closer to my return date, is there any paperwork that needs to be
submitted to notify payroll of my return since I am currently not being paid?
 No.  Your time will be change coding from LOA without pay to Active time.

I look forward to hearing from you either by phone or e-mail.  My home phone
number is 281-890-7122.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


to whom this may concern:

I am a current student attending Brooklyn College in
Brooklyn New York.  I have a Major research to do on
your company.  I have to gather as much information as
posible on your CEO ( Kenneth Lay). By visiting the
company's website i was unable to get any helpful
information.  I am asking if you can please send me as
much information on Mr. Lay, starting from when he was
younger and what lead to his success in your company.
This will be greatly appreciated.

Sincerely Yours
Dahemah Smith
Djah1@yahoo.com

__________________________________________________
Do You Yahoo!?
Yahoo! Shopping - Thousands of Stores. Millions of Products.
http://shopping.yahoo.com/


Attached is artwork for the May California Journal Ad using the approved
copy that was circulated last week.

If you have comments or suggestions on artwork please let me know by 3pm PST
today, or let me know during our Public Affairs call this morning at 11:30
PST.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

 - May IEP Cal Journal.pdf


Pam:
We have an opening in our group for a legal assistant position.  Do you know
of anyone over there that might be interested?  We would prefer someone with
transactional experience.  Salary ranges vary depending upon experience, but
I think we are pretty competitive.  If you know of anyone please have them
call me as we are looking to fill this position ASAP.  Also, would it be
possible for you and I to get together 1 more time for lunch before I leave?
How does the week of July 10th look?

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com


mkt getting a little more bearish the back of winter i think-if we get another
cold blast jan/feb mite move out. with oil moving down and march closer flat
px
wide to jan im not so bearish these sprds now-less bullish march april as
well.


Louise/Andy,
Attached is the Amerex deal count information for Feb. 2001 through April 9, 2001.  Let me know if you need anything else.

Kim Theriot


i am gonna hang at your pool all weekend while you move in.


All of these have been changed, and the real time desk has been alerted. I
believe Bill Williams is working on a list for his traders to refer to when
in doubt of counterparty names. I'll check up on that and let you know.

Thanks,
Kate

Rhonda L Denton
02/12/2001 03:16 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Wrong CPs

also 519128 and 519230
---------------------- Forwarded by Rhonda L Denton/HOU/ECT on 02/12/2001
05:16 PM ---------------------------

Rhonda L Denton
02/12/2001 05:03 PM
To: Kate Symes/PDX/ECT@ECT
cc:
Subject: Wrong CPs

Okay, I'm going to be gentle and send my complaints to you and let you ream
the hourly people.  Please check the following deals.  They are all booked as
Transalta Energy and should be Transalta Energy Marketing (US)

513061
513114
516116
518007
518184

Thanks


Van,

It's nice to hear from you. I am sure that you can always come back
to Enron if you don't like living in New York.

I used to work for Salomon and chances are you will be working in the same
building in lower Manhattan where I spent 7  years of my life.

I hope you have a great Holiday  Season.

Vicne

Van Ngo <vngo@rice.edu> on 11/29/2000 10:52:35 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Greetings

Dear Vince:

I just wanted to get in touch with you, as my last fall semester here
draws to a close and this is something of a transition point for me.  To
update you on my job search, I have been extended an offer for a position
within Enron's Analyst Program.  The offer was very attractive and I had
numerous things to consider in reaching my decision.  Unfortunately, I
will be declining Enron's offer of employment to take a position in the
Investment Banking Division of Salomon Smith Barney in New York.  My
preference at this point is to live outside of Houston, and although my
hope is also to return to Houston in future, New York offers some
exciting options for me now.  I will be starting there in July of this
summer.  I hope that I will have future opportunities to be an advocate
of Enron and look forward to keeping in touch with you and the Research
Group.

Please give my regards to everyone at the office and wishes for a very
happy holiday season!  Also please feel free to contact me at any time.
I can give you my future contact information when I have it.

Thank you and I hope I'll see you again.

Sincerely,
Van

P.S.  Feel free to forward my news onto Mike Roberts if that would
appropriate.  I didn't have his email with me.


Clayton,

We can discuss your request  when I come back to the office on Monday.

Regarding the trip to Portland. Such a trip requires an  explicit prior
permission from your boss,
myself in his absence, or Stinson in my and Vasant's absence.
In case you did not ask for such a permission before, the request  is denied.

Vince

	Clayton Vernon @ ENRON
	07/20/2000 03:12 PM

To: Vasant Shanbhogue/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: status

Vasant-

I hope you had a wonderful vacation back home, and are rested and recovered
from the long flight back.

I wanted to give you an update of the EOL project, the Gas Model, and of my
intentions here at Enron.

Software (in compiled C on the Unix platform) has been developed and debugged
to listen to the EOL trades, process them, book them, and file them away. In
addition, software has been developed and debugged to mark these to market on
a continual basis, and to store the entirety of open positions on EOL in a
dynamic matrix facilitating analysis. IT has yet to get back with me on how
the software can be informed of those trades ultimately rejected for credit
purposes.

These data files are stored in a format for reading by Excel or by SAS, for
which I have written the data step program and basic tabulation routines
elucidating the structure of the data.

I am in the process of documenting all of this for you.

With regards the Gas Model and its slow performance on the Compaq, Dell has
agreed to loan me one of their competing machines to the Compaq, to see if
the performance issue of the LP is related to the Compaq. I have been
researching this issue with IT here and with Compaq and Dell. The new machine
will be here any day now (no financial obligation to anyone), and I will be
able to immediately ascertain whether the problem the model is having is
Compaq-specific.

I am also in the process of documenting the Gas Model for you.

I've tried to do my best for you, Vasant, but I have been frustrated by not
only the death of my mother but some internal systems in IT here. Just the
other day, SAS could not open a full query of the EOL database because there
wasn't enough free space on the server's hard drive for the workfiles. In
discussing some of these issues with some good friends of mine in power
trading, people whom I have known for over 10 years, they indicated they were
ubiquitous here. The power traders have similar PC's to my new one, and they
have complained from Day 1 that theirs are slower than their old ones.  Also,
there remains a large frustration with the development of data warehouses;
during my brief tenure here IT has gone through two differing proposals as to
how to address this. When I have been told of tools available for real-time
data harvesting, my requests for such have typically been met with "well, we
have it, but we haven't really tested it yet." An example is the weather: we
still do not record to disk the hourly NWS observations from the GOES
satellite.

My interests here are to help Enron to do well, because I will do well only
if Enron does well. These aren't empty words- my IRA is 100% invested in the
Enron stock fund. I believe my best contributions to Enron will be in the
areas of systems as well as modeling, and the difficulty working in the
Research Group, in terms of systems development, is that, frankly, few people
at Enron seem to care what a researcher thinks about our systems. We aren't
directly generating revenues for Enron, and we aren't really their customers,
except in our relatively small deparrtmental infrastructure expenses.

As it happens, Power Trading posted an opening for a Modeling and Forecasting
person, and I spoke with them and they asked me to take the job, reporting to
George Hopley. It is a wonderful opportunity for me, Vasant, as they are
interested in large system modelng of power grids as well as improving their
traders' access to real-time fundamentals data. I was completely candid with
Kevin Presto regarding my shortcomings here in Research- I told him you were
disgusted with me because I repeatedly failed to meet time deadlines. They
also understand I have yet to be at Enron for 1 year, and thus may only bid
on a job with your permission. We agree the move is good for Enron; we all
work for Enron, and your acquiescence to the move does not endorse it but
merely permit it. They are comfortable with me- they have known me for years
as a hard worker, honest and unpretensive. They have already ordered a
state-of-the-art Unix workstation and server for me, and they have told me
they will commit whatever resources are necessary for me to be successful,
including hiring an Analyst to work for me. And, I have already been able to
teach their analysts improved techniques for data harvesting and analysis I
have learned here.

So, I am requesting your permission to bid for this job opening. It would be
a lateral move in position and salary, and I would commit to you to help you
in any way possible in the future with regards the Gas Model or the EOL
database. I will continue to work on their improvement, and complete their
documentation.

As it happens, I am away on Enron business in Portland Monday and Tuesday,
and will be back Wednesday. I had wanted to talk face-to-face instead of by
email, but Enron business supercedes- I am on a team designing the data
warehouse for floor trader support.

Clayton.


Vance,

Deal # 643714 has been created and entered in Sitara.

Bob

Vance L Taylor
02/23/2001 04:55 PM
To: Robert Cotten/HOU/ECT@ECT
cc: Julie Meyers/HOU/ECT@ECT, Lisa Hesse/HOU/ECT@ECT, Cynthia
Hakemack/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT
Subject: FIRST DELIVERY - WHEELER OPERATING

Bob,

The following production is now on-line and a ticket should be created and
entered into sitara based on the following:

Counterparty   Meter   Volumes  Price    Period  Global No.
Wheeler Operating  9879   800mmbtu/d  85% Gas Daily   2/17 - 2/28 NYA

FYI, I have created and submitted a committed reserves firm ticket for the
remaining term of the deal beginning with the month of March.  Additionally,
this is a Producer Svcs. deal and should be tracked in the IM Wellhead
portfolio... attached to the gathering contract.

Thanks,

vlt
x3-6353
---------------------- Forwarded by Vance L Taylor/HOU/ECT on 02/23/2001
04:21 PM ---------------------------

	From:  Esther Buckley                           02/22/2001 10:39 AM

To: Molly L Carriere/HOU/ECT@ECT, Clem Cernosek/HOU/ECT@ECT, Donna
Consemiu/HOU/ECT@ECT, Robert Cook/HOU/ECT@ECT, Howard B Camp/HOU/ECT@ECT,
Lisa Hesse/HOU/ECT@ECT, Nathan L Hlavaty/HOU/ECT@ECT, Wayne E
Lightfoot/HOU/ECT, James McKay/HOU/ECT@ECT, Mary M Smith/HOU/ECT@ECT, Steve
HPL Schneider/HOU/ECT@ECT, Melissa Graves/HOU/ECT@ECT, Michael
Walters/HOU/ECT@ECT, Jill T Zivley/HOU/ECT@ECT, Mary Jo Johnson/HOU/EES@EES,
Rita Wynne/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Cheryl
Jones/GPGFIN/Enron@ENRON, Reid Hansen/GCO/Enron@Enron, Darron C
Giron/HOU/ECT@ECT, O'Neal D Winfree/HOU/ECT@ECT, Susan Smith/HOU/ECT@ECT,
Gary Bryan/HOU/ECT@ECT, Gary A Hanks/HOU/ECT@ECT, Donald P
Reinhardt/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT, David
Baumbach/HOU/ECT@ECT, Robert Cotten/HOU/ECT@ECT, Brian M Riley/HOU/ECT@ECT,
Jeff A Austin/HOU/EES@EES, Cynthia Hakemack/HOU/ECT@ECT, Dawn C
Kenne/HOU/ECT@ECT, Lisa Csikos/HOU/ECT@ECT, J R Fosdick/GCO/Enron@Enron,
Carlos J Rodriguez/HOU/ECT@ECT, Stephanie Gomes/HOU/ECT@ECT, Pat
Clynes/Corp/Enron@ENRON, Tom Acton/Corp/Enron@ENRON, Robert
Walker/HOU/ECT@ECT, George Weissman/HOU/ECT@ECT, JoAnne
Harris/NA/Enron@Enron, Christy Sweeney/HOU/ECT@ECT, Earl Tisdale/HOU/ECT@ECT,
Daren J Farmer/HOU/ECT@ECT
cc:
Subject: FIRST DELIVERY - WHEELER OPERATING

Please see attached letter


dan lunch


Lorraine, Please also send these to Dale and Michelle (Martha Cormier).  That way, if I'm out, it won't get lost in the shuffle.

Dennis

Lorraine Lindberg
01/22/2001 09:57 AM
To:	Dennis Lee/ET&S/Enron@ENRON
cc:

Subject:	FW: 25841 Contract Changes for 1/20/01

Dennis - This request is ok with Marketing.
---------------------- Forwarded by Lorraine Lindberg/ET&S/Enron on 01/22/2001 09:58 AM ---------------------------

"Barwatt, Joseph" <joseph.barwatt@neg.pge.com> on 01/22/2001 09:18:26 AM
To:	"'lorraine.lindberg@enron.com'" <lorraine.lindberg@enron.com>
cc:

Subject:	FW: 25841 Contract Changes for 1/20/01

> -----Original Message-----
> From:	Barwatt, Joseph
> Sent:	Monday, January 22, 2001 10:16 AM
> To:	'michelle.lokay@enron.com'
> Cc:	Burton, Monty; Palacio, Nikki
> Subject:	FW: 25841 Contract Changes for 1/20/01
>
>
> Effective 1/23/01 please change 25841 firm primary receipt MDQ as follows:
>
> 			OLD		NEW
> GPM Artesia		22800		22800
> West Pool		4750		9225
> Central Pool		7975		7975
> NNG Haley		  4475		0
>
> TOTAL MDQ:		40000		40000
>
> Thanks,
> Joe barwatt
> Gas Scheduling
> (301) 280-6154

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.


---------------------- Forwarded by Andrea Ring/HOU/ECT on 12/13/2000 12:05
PM ---------------------------
   Michele Winckowski @ ENRON                12/12/2000 09:53 AM

To:
cc:  (bcc: Andrea Ring/HOU/ECT)
Subject: angel

this is cute.

  Not long ago and far away, Santa was getting ready for his annual
  trip...but there were problems everywhere. Four of his elves got sick, and
  the trainee elves did not produce the toys as fast as the regular ones so
  Santa was beginning to feel the pressure of being behind schedule.

  Then Mrs. Claus told Santa that her mom was coming to visit. This stressed
  Santa even more.

  When he went to harness the reindeer, he found that three of them were
  about to give birth and two had jumped the fence and were out, heaven
  knows where. More Stress.

  Then when he began to load the sleigh, one of the boards cracked and the
  toy bag fell to the ground and scattered the toys.

  Totally frustrated, Santa went into the house for a cup of coffee and a
  shot of whiskey. When he went to the cupboard, he found the elves had hit
  the liquor and there was nothing to drink. In his frustration, he dropped
  the coffee pot and it broke into hundreds of little pieces all over the
  kitchen floor. He went to get the broom and found that mice had eaten the
  straw it was made from.

  Just then the door bell rang and Santa cussed on his way to the door.

  He opened the door and there was a little angel with a great big Christmas
  tree.

  The angel said: "Where would you like to put this tree fat man?"

  And that my friend, is how the little angel came to be on top of the
  Christmas tree.


James:
Here is the latest version of the contact list.  Let's use this one as the
working list.  Thanks
Ben


Please check the website for a new article and poll.


FYI
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 10/18/99
09:27 AM ---------------------------

	From:  Jefferson D Sorenson                           10/18/99 09:20 AM

To: Andrea R Guillen/HOU/ECT@ECT, Bob Bowen/HOU/ECT@ECT, Melba
Lozano/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT,
Laurel Adams/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT, Maria Sandoval/HOU/ECT@ECT,
Diane Wenzell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Jean Bell/HOU/ECT@ECT, Chris Walker/HOU/ECT@ECT, David P
Dupre/HOU/ECT@ECT, Jessie Patterson/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT,
Sheetal Patel/HOU/ECT@ECT
cc:
Subject: BP Amoco

FYI  - As indicated in this memo, do not send out information to anyone that
you are not sure of their identity.  Our group handles a lot of confidential
information and it is imperative to send information only to appropriate
contacts.  If you have any questions please see me.

Thank you,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 10/18/99
09:16 AM ---------------------------

	Enron North America Corp.

	From:  Willie Harrell                           10/13/99 05:05 PM

To: Jefferson D Sorenson/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Susan
Flynn/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT
cc: Bob Bowen/HOU/ECT@ECT
Subject: BP Amoco

FYI:  Jeff  I  know  that  you  are  busy,  however  I  have  received
several  outside  calls  today  (10/13/99)  from
            a  party  claiming  to  be  with  BP Amoco,  he  requested  deal
#N16124.1  to  be  faxed  to  (281)366-4934.  The
            party  refuses  to  give  his  name  or  phone  number.  His
reply  has  been  "If  I  have  to  give  my  name
            and  number  maybe  I  don't  need  your  confirm",  then  he
hangs  up.  He  has  called  several  times  since
            I  stopped  you  and  Bob  Bowen  earlier.  I  also  suspect
that  this  same  party  has  been  calling  and
            hanging  up  without  answering;  and  calling  from  a
different  outside  line  pretending  to  be  someone  else,
            but  making  the  same  deal  request ,  followed  by  hanging
up  when  I  ask  for  his  name  and  phone
            number.  I  have  contacted  Susan  Flynn  in  legal  to
inquire  about  these  calls  or  BP Amoco.  I  was  advised
            not  to  send  any  confirms  out  blindly  and  that  I  was
handling  it  just  right .  Susan  is  currently  inquiring
            with  the  other  legal  staff  and  attorneys  about  the
matter.  I  also  was  advised  to  inform  you  to  make
            other  members  of  our  team  aware  "not  to  send  out  blind
information  requests" .  The  party  was  calling
            from  (281)493-0214.  I  will  keep  you  informed.

            Thanks,

            Willie


We have a phone call with Jeffrey Wilson at Saybrook Capital at 6:30 am PDT
on Monday.  Would you like to be hooked in and if so, at what number?

Regards,

 -----Original Message-----
From:  Dasovich, Jeff
Sent: Saturday, April 28, 2001 1:26 PM
To: Tribolet, Michael
Subject: Re: FW: Comments on MOU/SCE memo of April 20, 2001

Thanks.  If you need to talk just page me at 888.916.7184.

Best,
Jeff


Pavel,

A commentary on IMF policy with respect to Russia and other countries.
Stiglitz is a very bright person and I agree completely with
his points. Privately, he is even more outspoken.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 12/17/99
03:08 PM ---------------------------

VKaminski@aol.com on 12/12/99 11:41:09 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: (no subject)

 W ASHINGTON -- Joseph E. Stiglitz said Wednesday that he would
     resign as the World Bank's chief economist after using the position
     for nearly three years to raise pointed questions about the
     effectiveness of conventional approaches to helping poor countries.

     Stiglitz, who joined the World Bank in February 1997 after serving
     as chairman of President Clinton's Council of Economic Advisers,
     said he would leave the bank at the end of the year and would soon
     return to his academic post at Stanford University.

     His departure will remove from Washington perhaps the most
     outspoken voice in the debate over how rich countries can best aid
     economic development in poor and crisis-afflicted nations. Over the
     last two years in particular, Stiglitz had antagonized officials at
     the International Monetary Fund and within the Clinton
     administration by criticizing their response to the financial
     crisis in Asia and their strategy for encouraging the development
     of democratic capitalism in Eastern Europe and the former Soviet
     Union.

     Stiglitz said the decision to leave had been his. Treasury
     Secretary Lawrence Summers praised Stiglitz as a "major creative
     and intellectual force," and administration officials said the
     United States had not sought Stiglitz's removal. Caroline Anstey, a
     spokeswoman for the World Bank, said Stiglitz had "absolutely not"
     been forced out, and the bank's president, James D. Wolfensohn,
     praised Stiglitz for having helped to move the institution "away
     from the so-called Washington consensus."

     But Wolfensohn has suggested in the past that Stiglitz was too
     quick to second-guess the international aid agencies and the big
     industrial nations that control them. "I think that his recent
     things about Russia, in my judgment, are not wholly correct,"
     Wolfensohn said during the bank's annual meeting this autumn. "I
     think to stand back later and say, 'If you'd done it my way
     everything would have been different,' is a little generous to
     yourself."

     Stiglitz made no secret Wednesday of feeling constrained in his
     ability to speak out as freely as he wished. He said he was looking
     forward to the unfettered freedom of expression afforded by his
     return to the academic world.

     "Whenever you're in an organization there are some pressures,"
     Stiglitz said in an interview. "I felt that it was important for my
     intellectual integrity to be able to express myself as forcefully
     as I thought was appropriate."

     A liberal with a strong belief that governments and institutions
     have a significant role to play in economic development and that
     market forces cannot be counted on to deal with every problem,
     Stiglitz challenged the prevailing orthodoxy among policy makers in
     Washington.

     He said that the monetary fund went overboard in Asia in demanding
     that the countries ensnared in the financial crisis cut their
     budgets, arguing that fiscal austerity sometimes extracted too high
     a price from poor people without generating a corresponding
     improvement in international economic confidence.

     He took issue with the view held by the fund and the U.S.
     government that controls on the international flow of capital were
     counterproductive or impractical, saying that in some cases it was
     justified to restrict short-term flows of money in and out of a
     developing economy. He said industrialized countries sometimes
     pushed developing nations too fast to deregulate their financial
     systems.

     He suggested that the United States and the monetary fund had
     failed to acknowledge that their prescription for Russia -- quick
     privatization of state-owned industries, an end to state oversight
     of the economy, abolition of price controls and an opening up to
     the rest of the world -- had not produced the intended results and
     indeed had left many people worse off.

     "Stiglitz has been a very strong advocate for the poor and the
     excluded, and he's been one of the best things in the World Bank in
     the last decade," said Seth Amgott, a spokesman for Oxfam, which
     promotes poverty-fighting policies. "He's also been very pointed
     and insightful in discussing the role of the IMF. We're not used to
     that kind of candor."

     Stiglitz won few friends among economists and policy makers at the
     Treasury Department and the monetary fund. But his message was
     greeted enthusiastically in poor countries, and he said he was
     leaving the bank feeling that he had helped to stimulate a more
     vigorous debate about the policy prescriptions that wealthy nations
     impose on developing countries.

     "On some of the specific issues, there has emerged really a broad
     consensus behind the views I took," Stiglitz said.

     "There's a recognition that policies in East Asia were excessively
     contractionary on the fiscal side," he continued. "There's a
     recognition that capital market liberalization, in the absence of
     adequate regulatory structures, exposes countries to much higher
     risks. And on the debate about economies in transition, there's a
     general consensus that the issues I've been raising are the right
     issues, and that while no one has the answers, we're not going to
     get answers until we're willing to ask the questions."

     Stiglitz had told friends recently that he intended to leave, and
     he informed Wolfensohn Wednesday morning of his decision.
     Wolfensohn said Stiglitz would continue to act as an adviser to him
     and Stiglitz would lead the search for a new chief economist.

     Ms. Anstey, the bank's spokeswoman, said that asking Stiglitz to
     head the search committee was a signal of the institution's
     "intention to select someone who will continue the
     Wolfensohn-Stiglitz agenda" of focusing more on the needs of poor
     countries and less on more orthodox policies developed in
     Washington.

     Stiglitz said his approach was built around two basic themes:
     giving more of a voice to poor nations in setting policy and
     recognizing the crucial role that government must play in economic
     development.

     "We are rebalancing our thinking about the role of the state,"
     Stiglitz said. "Some of the failures, like in East Asia, involve
     cases where government did too little, like in financial
     regulation, rather than too much."


Robin - Can you send me the detail on this.  I want to know exactly how the
exotics are coming in.  (I will look at it tomorrow).  These positions look
fine I just want to get more precise.

Kathy

Robin Rodrigue
07/06/2000 12:15 AM
To: Kathy Reeves/CAL/ECT@ECT
cc:
Subject: FT Can Positions

Kathy,

Here is the FT Can Position including the Exotics file.  Let me know how it
looks.  I'm having trouble getting the IM position to pull in, so if I don't
send you a file soon just assume I'll plug the numbers to match the excel
file that Brian saved in the directory.

Thanks,
Robin


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 09/06/2000
03:38 PM ---------------------------

"Les Clewlow" <Les@lacima.co.uk> on 09/03/2000 09:31:04 PM
To: "Robin Lancaster" <robin@risk.co.uk>
cc: "chris" <chris@lacima.co.uk>, "Vince J Kaminski"
<Vince_J_Kaminski@ei.enron.com>
Subject: VaR Article

Hi Robin
?
Attached is our VaR article.
?
I have copied it to Chris and Vince in case the changes I  have made are not
to their liking :-)
?
Feel free to comment.
?
Regards
?
Les.
?
 - EPRM_01_VaR.zip


Is this a receivable for LRC or Enron?

Leslie Robinson@ENRON
10/25/2000 06:12 PM
To: Susan W Pereira/HOU/ECT@ECT
cc:
Subject: Koch Energy Trading

While doing my Accounts Receivable research, I came across two outstanding
invoice for Koch Enregy totally $2,934.60 from 1997.  Is it too late to
recoup the money via the settlement agreement?


To All -

I have been asked to be the Legal Department stakeholder for the final
development and implementation of the iBuyit program.  Basically, iBuyit is
an intranet based procurement and payables systems being developed for
implementation across Enron.  It is intended that this system will become the
standard method for purchasing any number of services and for paying the
invoices associated with these purchases.

As a stakeholder, it is my responsibility to assist with the development of
the product and its marketing (internal to the various Enron Legal
Departments).  In order to ensure that the development and implementation run
as planned, the program calls for the appointment of "Change Agents," -
defined as:

"individuals who are highly respected within their area and known as the 'GO
TO' people among their peers."

Though I am sure this definition fits each of you to a tee within your
respective departments, I am also well aware that schedules may prohibit you
from being the Change Agent.  Accordingly, what I am in need of is assistance
in designating that one person within your respective departments who can
become the Change Agent for your group.  The responsibilities of this
position are the following:

 - to disseminate communications regarding the project
- to develop awareness and ownership of the product among their department
- to encourage use of the product
- identify those who will need training
- encourage peer training attendance
- engage in rumor control (basically relay the facts of the program and not
the myths (e.g., the product will replace jobs))

In picking the appropriate candidate, I would make sure that he/she has a
working knowledge of the procurement and payables practices of your group,
together with knowledge of the SAP system.  Since the iBuyit system will
interface with SAP, this latter knowledge would be very useful.

Please let me know as soon as possible who is the likely candidate from your
group so that I can meet with them and bring them up to speed on the
program.  For your benefit, I have attached below the general information
that has been provided to stakeholders about  the program.

If any of you should have any questions, please call me.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 03/23/2001 03:05 PM -----

	Bob Butts
	Sent by: Dortha Gray
	03/12/2001 05:31 PM

		 To: Karen Choyce/Corp/Enron@ENRON, Morris Brassfield/OTS/Enron@ENRON, Wanda
LaBaume/Enron Communications@Enron Communications, Carolyn Barrett/Enron
Communications@Enron Communications, Mildred Dworsky/Enron
Communications@Enron Communications, Elaine Schield/Corp/Enron@ENRON, Kerry
Roper/GPGFIN/Enron, Nancy Haralson/NA/Enron, Steve Frazier/HOU/EES@EES,
Pamela Rush/Corp/Enron, Thao Nguyen/ENRON_DEVELOPMENT, Joanne
Tran/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Mark Greenberg/NA/Enron@ENRON,
Elizabeth Linnell/NA/Enron@Enron, Allen W Ueckert/NA/Enron, John
Gillespie/Corp/Enron
		 cc:
		 Subject: iBuyit Payables Workflow Tool Stakeholder Kickoff Luncheon March 20

You have been selected to attend a Stakeholders Kickoff Luncheon on March
20th from 11:00 AM to 1:00 PM at the Double Tree Hotel in the Travis Room, to
learn more about the new iBuyit Payables Workflow tool.  The iBuyit Payables
Workflow tool is fully automated and will allow for greater ease and accuracy
when coding and approving invoices.

At the luncheon:
o You will be the first to see the iBuyit Payables Workflow tool
o We will be asking you for input on the tool
o We will reveal more about your role in the success of the iBuyit Payables
Workflow tool

Please review the attached Stakeholder Roles and Responsibilities and the
slides of the iBuyit Payables Workflow tool.  We will have additional copies
for you at the luncheon. Also, please bring your list of identified Change
Agents with you. (Change Agent is defined in the Stakeholder Roles and
Responsibilities attachment)

If you cannot personally attend, be certain to send an alternate.  Direct any
questions about the event or any special dietary requests to Judy Knepshield
at X-35788.


Did you know that Karl Woods mother was a full blown member of the
Communist party?  He was a red diaper baby.

Are you going to the PANC luncheon today at Sinbads?  Commissioner Brown is
the featured speaker.


Sure thing, you hoser.

-----Original Message-----
From: Sullivan, Glen J. [mailto:GSullivan@sempra.com]
Sent: Wednesday, April 26, 2000 2:56 PM
To: 'MBD'; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea, Keith'; 'Pocta, R.
Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder, John'; 'Amirault,
Paul'; 'Alexander, Michael'; 'Chancellor, Craig'; 'Dingwall, B.';
'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug'; 'Rochman,
Michael'; 'Counihan, Rick'; 'Bayless, David'; 'Paul, Joe'; 'Jimison,
John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Scott, Susan'; 'Karp,
Joe'; 'Johnson, Pamela'; 'gileau, patrick'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Follett, B. David - TPDBF; Brill, Thomas R.; Van Lierop, Jan - TP2JXV;
Harrigan, James P. - TP1JPH; Sakarias, Wayne P.; Purves, Ralph A.;
Teeter, James S.; Watson, Steven - TP2SAW; Cherry, Brian - TPBKC;
Whitaker, Sue; Takemura, Earl - TPEKT
Subject: RE: Gas Industry Settlement

To signatories to the Comprehensive Settlement for SoCalGas & SDG&E:

A few more "errata" I plan to make, absent objection:

A. Creditworthiness Sections (1.2.3.2 and 2.2.3.2):

In 1.2.3.2 on p.21, under b., subitem ii. should have "or" inserted at the
end of the subitem and the "or" at the end of subitem iii. should be
stricken (so that the reports or forms listed in i., ii., and iii. are
alternatives to each other (customer only has to provide one of the three)
and subitems iv. and v. are additional required items).

In 2.2.3.2 on pp.36-37, make parallel changes in the "or"s as stated above.

On p.22, under h., subitems i. through v. should be indented more than h.
and then items j), k) and l) should be renumbered i., j., k. (this will then
match section 2.2.3.2, which has the correct spacing/alphanumbering).

On p.22 and p.37, we'd like to drop the reference to "U.S." in the reference
to a letter of credit issued by a major "U.S." financial institution.
SoCalGas has realized that it has already had dealings with Canadian or
other foreign-owned customers where it was reasonable to rely on letters of
credit from major financial institutions of the parent's country.  (This
should be ok with Paul Amirault, eh?)

B. Btu content

On pp.10 (twice) and 31, the settlement says we are assuming 1,016 Btu/mcf
for the heating value of gas (subject to revision by Commission during term
of settlement).  We have the wrong units.  It is 1,016 Btu per cubic foot,
not per thousand cubic feet.  We'd propose to change the number to 1,016
Btu/cf (not "1,016 Btu/mcf")  On p.33, we got the units right the first time
and don't need to change them on that page.

Again, I'd appreciate you getting back to me or Brian Cherry by noon Friday
if you have any problem with the above changes.

   -- Glen Sullivan

-----Original Message-----
From: Sullivan, Glen J.
Sent: Wednesday, April 26, 2000 12:58 PM
To: 'MBD'; 'Leslie, John'; 'Elsesser, Evie'; 'McCrea, Keith'; 'Pocta, R.
Mark'; 'Dasovich, Jeff'; 'Beach, Tom'; 'Burkholder, John'; 'Amirault,
Paul'; 'Alexander, Michael'; 'Chancellor, Craig'; 'Dingwall, B.';
'Douglass, Dan@SES'; 'Fawcett, Jeff'; 'Porter, Doug'; 'Rochman,
Michael'; 'Counihan, Rick'; 'Bayless, David'; 'Paul, Joe'; 'Jimison,
John'; 'Foss, Robert'; McVay, Nancy W - TPNWM; 'Scott, Susan'; 'Karp,
Joe'; 'Johnson, Pamela'; 'gileau, patrick'
Cc: Lorenz, Lad - TPLPL; Nelson, Eric B. - TPEBN; Morrow, Rick - TP3RMM;
Follett, B. David - TPDBF; Brill, Thomas R.; Van Lierop, Jan - TP2JXV;
Harrigan, James P. - TP1JPH; Sakarias, Wayne P.; Purves, Ralph A.;
Teeter, James S.; Watson, Steven - TP2SAW; Cherry, Brian - TPBKC;
Whitaker, Sue
Subject: RE: Gas Industry Settlement

To signatories to the Comprehensive Settlement:

ALJ Biren has given us until Friday of this week (April 28, 2000) to file
"errata" to the Comprehensive Settlement.

So far, I am planning to make the following non-substantive changes:

1.  The table of contents was seriously messed up by an "automatic update"
feature in Word just before we duplicated and filed.  I will be putting it
back to the state you saw in the final draft.

2.  On p.7, section 1.12, put a period at the end of the last sentence.

3.  On p.9, section 1.1.3.1,  two thirds of the way down the page, I will be
changing "subject to adjustment annual by the base rate PBR formula" to
"subject to adjustment annually by the base rate PBR formula".

4. On p.27, section 1.5.4, in the third full paragraph on the page, I will
be changing "If only one customer has an OFO day" to "If only one customer
class has an OFO day".

5.  Also on p.27, section 1.5.4, bottom line on the page, I will be filling
in the blank with "C" (so it reads "Appendix C")

In the category of "maybe substantive",

1.  On p.10, section 1.1.3.2, three lines from the bottom of the page, the
date "October 1, 2000" would be changed to "October 1, 2001".  This sentence
refers to including the cost of backbone transmission for core customers
buying gas from SoCalGas in the "procurement" rate.  Obviously, our intent
was to do that only once we had unbundled backbone transmission, which
happens on October 1, 2001.

In the category of "substantive":

1.  Our capacity term sheet had said that we would unbundled "additional"
(non-reliability) storage for CTAs effective upon implementation of the
settlement (See p.4).  The filed settlement managed to drop the section that
provided for this option for CTAs prior to the principal storage change on
April 1, 2001.  (The filed settlement is ok for the period starting April 1,
2001).  So, to be consistent with the term sheet, we need to insert
something back into the settlement to allow CTAs to opt out of
non-reliability storage in the period from the effective date (90 days after
approval) to April 1, 2001.  Obviously, this may not be a very long period.
John Leslie has suggested inserting at the very beginning of Section
5.4.4.3:  "In the partial storage year beginning on the effective date of
this Settlement Agreement, and....[continue with current text]."  We would
need to cover as part of implementation filings the exact mechanism/pricing
for SoCalGas purchasing gas in storage owned by CTAs if they opt out of
nonreliability storage prior to April 1. 2001.  SoCalGas and SDG&E are ok
with John's language and want to make sure it is ok with other signatories.

If you have any problems with any of these changes, please contact me or
Brian Cherry by noon on Friday, April 28.  My email is gsullivan@sempra.com
and my phone is (619) 699-5162.  Brian's email is bcherry@sempra.com and
phone is (213) 244-3895.

We are looking at the possibility of two or three additional changes, and
Brian may send you a follow-up message.

-- Glen Sullivan
Sempra Energy Law Dept.


please print attachements also

 -----Original Message-----
From: 	George, Fraisy
Sent:	Monday, September 17, 2001 4:21 PM
To:	Abler, William; Abraham, Sunil; Alatorre, Carlos; Alon, Heather; Ambler, John; Bartlett, Jeff; Baughman, Edward D.; Beck, Sally; Bess, Erica; Bowman, John E; Bradley, Peter; Breslau, Craig; Bucalo, Harry; Burgher, Cedric; Buy, Rick; Cho, David; Collonges, Remi; Cummings, John; Danielson, Michael; David, Charles; Dayao, Anthony; Deluca, Bryan; Denne, Karen; Denny, Jennifer; Diamond, Daniel; Dietrich, Dan; Engberg, Alan; Ewing, Habiba; Forster, David; Frevert, Mark; Friddle, Kimberly; Gagliardi, Larry; Garrett, Bryan; Gentle, Jackie; George, Fraisy; Gomez, Julie A.; Gosalia, Amita; Green, Julie; Gros, Thomas D.; Grossman, Samuel; Hansen, Patrick; Haux, Katrin; Hawthorn, Jay; Hellerman, Molly; Herod, Brenda F.; Hirl, Joseph; Ikeda, Norihito; Kean, Steven J.; Kinneman, Jeff; Kitchen, Louise; Koenig, Mark; Lagrasta, Fred; Leboe, David; Lees, Lisa; Linnell, Elizabeth; Lisboa, Ricardo; Maclean, Iona; Mandelker, Jeannie; Mandola, Teresa; Mcclellan, George; Mcdonald, Michael; Mcgowan, Kevin; Means, Henry; Miller, Stephanie; Moorer, Torrey; O'Day, Nicholas; Oh, Grant; Olson, Mitch; Ondarza, Edward; Oxley, David; Pacheco, Leonardo; Palmer, Mark S. (ENW); Parsons, Alex; Peters, Jez; Philipp, Meredith; Pickering, Mark; Piper, Greg; Puthigai, Savita; Ralston, Tracy; Redmond, Brian; Renaud, Lindsay; Richter, Brad; Rieker, Paula; Robert, Carrie; Rostant, Justin; Schoppe, Tammie; Seigal, Jason; Sekse, Per; Seyfried, Bryan; Shah, Kal; Shapiro, Richard; Shults, Bob; Sommer, Allan; Spiller, Tina; Staley, Stuart; Sweitzer, Tara; Tawney, Mark; Taylor, Mark E (Legal); Thode, Eric; Timothy, Justin; Valencia, Laura; Wasaff, George; Watanabe, Mika; Webb, Jay; Whalley, Greg; Whitehead, James; Whitehead, Jonathan; Wilson, Andrew; Wirya Simunovic, Suryan; Wolfe, Greg
Subject:	EnronOnline Weekly Public Report for September 14, 2001

Please find attached the current copy of the EnronOnline Weekly Public Report and Key Messages, including slides and statistics for public consumption.  The information contained in the attachments can be communicated to audiences outside the company and should be used to ensure that we present a consistent message to the public. Please ensure that this email is distributed to anyone in your group who needs to discuss EnronOnline with individuals outside the company.

This report is not intended to be used as a stand-alone presentation, nor that all the information be used in a single presentation or customer communication.

Total Life to Date Transactions >1,400,000
Average Daily Transactions > 5,200

Life to Date Notional Value of Transactions > $800 billion
Daily Notional Value Approximately $2.4 billion

Number of Products Offered: Approximately 1,850
Number of Currencies Traded in = 15

EnronOnline Version 1.0 Launch Date: November 29, 1999
EnronOnline Version 2.0 Launch Date: September 18, 2000

This report can now be accessed directly through the EnronOnline Intranet Site at http://eolinfo.enron.com.

In order to access this report,  click on the link above. Once there, follow the link entitled "Reports" and then select the "Public Reports" tab. A dropdown menu will appear with a list of the various public reports available for viewing. .

We look forward to your feedback and comments. If you have any questions or experience any difficulties accessing your reports through the Intranet Site, please feel free to contact either Bryan Deluca at x36161 or Fraisy George at x35424.


Here is a report on current Muni deals in the west.

1. Grant County PUD:  (Washington)   we have orally agreed (no signed
confirms) to two identical deals,  each calls for us to deliver power to
Grant during year one and for Grant to deliver us power and money in year 4
or 5.  Our effort to get an opinion from them that these deals have been
properly authorized has foundered badly.  We have the classic situation of a
PUD whose procedural practice does not fit with the statute.  They are
irritated to have this pointed out to them and so far, unwilling to go back
and fix their practices for fear of embarassment before the Board.
Delicate,  complex, difficult mess.  Pat Boylston of Stoel Rives helping.

2.  Clatskanie: (Oregon)  We have done a deal ( signed confirms and EEI soon
to be signed) whereby we deliver Clatskanie power in year 1, for which we
receive a monthly payment which is roughly akin to a contract price,  and
they deliver us power in year 5.   We have every expectation of receiving a
satisfactory legal opinion from them when they return the signed EEI
agreement.

3. EWEB: (Oregon)   We have done a deal (being documented as a swap by the
swap group) which I believe is a five year deal.  The deal was originally
conceived as being a physical transaction.  We  received satisfactory
documentation about authorization from EWEB for the physical transaction, but
when it switched over to being a swap at the last minute,  and Sara
subsequently reviewed the authorization issue,  her conclusion was that we
were not satisfied with what EWEB had shown us.  I have gotten Pat Boylston
to get EWEB to promise to give us a Board resolution in a couple of weeks
addressing the financial risk concern.

4. Valley Coop. (Nevada)  We have recently done a 4 year vanilla commodity
sale to Valley and are in the process of checking out their authorization to
do longer term deals.   We have a services agreement with them whereby we are
their SC for load balancing purposes involving the California market.  A
question has arisen as to whether or not certain sales we make to them as
part of this arrangement  may generate revenue for them in excess of 15%,  if
so, perhaps putting their tax exempt status as a muni in jeopardy.  It is a
tax, accounting issue.  Pat Boylston of Stoel Rives is helping us sort it out.

5. LMUD (California)  City of Lassen.  We are trying to do a long term sale
of power to them.  Attempts to check out authorization have run into a
complex, California municipality statute and a small town lawyer and we are
presently stalled out.  Sandy Skaggs of McCutcheon Doyle is helping as best
he can.  The commercial deal died its first death yesterday but rigor mortis
is not complete and we may have to revive authorization efforts.

6.  Tracy Ngo has given us a long list of munis, prioritized as to our credit
exposure to them.  Presumably I am busy checking all of the most serious ones
out and making sure we have proper authorizations.  In fact, I have done
nothing with this  because I am busy with other immediate priorities.

Pat Boylston of Stoel Rives and Sandy Skaggs of McCutcheon Doyle are
providing very valuable service in this area.  They are both very good at
dealing with these muni type folks and, with the exception of Grant, (and not
because of Pat, who has been great)  have gotten fairly good results so
far.----cgy


FLARE IT!!

Wade R Price
10/30/2000 05:11 PM
To: Chris Germany/HOU/ECT@ECT
cc: Gloria G Barkowsky/HOU/ECT@ECT, Donnie Myers/NA/Enron@ENRON, Melissa K
Ratnala/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT, John M
Singer/Corp/Enron@ENRON, Mary Theresa Franklin/HOU/ECT@ECT, Nelson
Ferries/Corp/Enron@ENRON
Subject: Re: CNG/Peoples Natural Gas

Chris - We now have a volume problem involving  Phillips Production supply
and  Power Gas Marketing supply and the Clinton sales.   How do we
reconcile?  Phillips and Power Gas Marketing are supplying statements to back
their numbers, and per John Singer, we are trying to use them.  This new
change in volumes will result in supply drafts for the differences.

We really need a solution and a resolution.  Please reply.

WRP


Due to the large number of moves recently, many locations and phones numbers are incorrect in Peoplefinder.  If your information is incorrect, our HR staff has sent the instructions below on how you can correct your data.  If you have any questions, please feel free to call us.

Mail stop - this is how your paycheck (if your pay method is hard copy) and other mail comes to you.  Updates should be e-mailed by the employee or a department administrative assistant to Kenneth Mathews along with the person's P number.  Here is a link to a mail stop listing so that you can choose the correct mail stop:

	http://isc.enron.com/site/doclibrary/user/default.asp?cabinet_id=127   Select number 10. Mail Stop Listing.

Room Location - this is the room number that shows up in directories such as Peoplefinder.  Updates should be done by the each employee by logging in to eHRonline and choosing "Work Contact Information", make the change and save.

Work Address (street address) - this information is located on eHRonline under "Work Contact Information" but cannot be updated by employees; this address does not effect where you get your mail (the mail stop does).  However, it is being updated through HR by the ISC; it will be sometime next week before the ISC loads this information into SAP due to some other delays; this will change the address in eHRonline from 333 Clay to 1400 Smith

ETS Solution Center - Houston, at 713-345-4745
ETS Solution Center - Omaha, at 402-398-7454


----- Forwarded by Richard B Sanders/HOU/ECT on 04/23/2001 02:52 PM -----

	Richard B Sanders
	04/23/2001 02:35 PM

		 To: Robert Williams/ENRON@enronxgate
		 cc: William S Bradford/Enron@EnronXGate
		 Subject: California Exposure Memo

----- Forwarded by Richard B Sanders/HOU/ECT on 04/23/2001 02:34 PM -----

	Richard B Sanders
	Sent by: Twanda Sweet
	04/23/2001 09:07 AM

		 To: Mark E Haedicke/HOU/ECT
		 cc:
		 Subject: California Exposure Memo

Attached is a memo re California Exposure.


FYI
Thanks
Gary

> -----Original Message-----
> From: Richard Rochman [mailto:ROCHMAR@hdcdojnet.state.ca.us]
> Sent: Monday, December 11, 2000 9:43 AM
> To: Fergus, Gary S.
> Subject: Document Preservation Letter for Enron
>
>  <<EnronPreservationLetter.wpd>>

=======================================================
This email message is for the sole use of the intended recipient(s) and may
contain confidential and privileged information. Any unauthorized review,
use, disclosure or distribution is prohibited. If you are not the intended
recipient, please contact the sender by reply email and destroy all copies of
the original message.

To reply to our email administrator directly, send an email to
postmaster@brobeck.com
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 - EnronPreservationLetter.wpd


Karen,

Could we have the option of using a letter of credit versus a corporate
guaranty? (8)

"Way, Karen S. - CHI" <karen.way@piperrudnick.com> on 09/21/2000 05:15:36 PM
To: "'rusty.stevens@enron.com'" <rusty.stevens@enron.com>,
"'fred.mitro@enron.com'" <fred.mitro@enron.com>, "'kay.mann@enron.com'"
<kay.mann@enron.com>
cc: "Gershon, Mark A. - CHI" <Mark.Gershon@piperrudnick.com>

Subject: livingston county proposed conditions to special use

Following are the proposed conditions to special use which we will be
submitting to the County for their review and attachment to the final zoning
approvals.  Please review and discuss any comments with me or Mark Gershon.

PROPOSED CONDITIONS TO SPECIAL USE
FOR
LIVINGSTON ENERGY CENTER (the "Facility")
TITAN LAND DEVELOPMENT CO., L.L.C. ("Titan")
SOUTHEAST INTERSECTION OF 1400 N. AND 1700 E. ROADS (the "Property")

1.   The operation of the Facility shall satisfy all Illinois
Environmental Protection Agency noise pollution requirements.

2.   Titan shall enter into a roadway agreement with the County and
Township Highway Commissioners which assigns responsibility for repair of,
maintenance of, and debris removal on Township and County roadways during
construction of the Facility.

3.   Contingent upon all property owners' written approval being secured,
Titan shall have installed at most four monitoring wells on at most four
properties within one and one-half miles surrounding the Property.  One
monitoring well each shall be installed on a property to the north, south,
east, and west.  Titan shall monitor well levels on each of the properties
on a quarterly basis and shall make such monitoring information available to
the County Engineer at his request for five years following issuance of the
final Certificate of Occupancy.  If no adverse impact due to the operation
of the Facility is found during the first five year monitoring period, then
Titan shall monitor well levels for each of the properties two (2) times per
year and shall make such monitoring information available to the County
Engineer upon his request for the life of the Facility.

4.   The maximum number of power generating units shall be limited to a
maximum of ten (10).

5.   Titan shall have repaired or replaced any drainage tile broken on
the Property during construction and operation of the Facility that would
adversely impact any surrounding property owner.

6.   The site plan for the Facility shall allow no greater than forty
percent (40%) of the site's total acreage to be developed with
non-landscaped areas, open space, or agricultural uses

7.   Upon permanent cessation of use of the Facility as an electric
generation facility, Titan shall remove all above ground buildings,
equipment, footings, appurtenances and structures, including accessory
buildings and equipment.

8.   Titan shall make those stormwater improvements identified on the
attached Stormwater Management Plan.  Additionally, a) upon adoption by
Pontiac Township and Eppards Point Township of the Area-wide Stormwater
Management study prepared by Farnsworth & Wylie (the "Study") for the
Property and the surrounding area and b) upon written agreement to proceed
with the stormwater management improvements identified in the Study by those
property owners whose properties are identified by the Study as requiring
stormwater management improvements, Titan shall commit to make those
stormwater management improvements identified in the Study for the Property.
Titan shall provide a corporate guaranty to the County in the amount of
fifty-five thousand dollars ($55,000) with a C.P.I. as security for making
those stormwater management improvements identified in the Study for the
Property.  Titan shall construct such improvements contemporaneously with
other such improvements being completed in the Study area.

9.   Construction of each phase of the Facility from initiation to
completion is estimated to require from six (6) to twelve (12) months
subject to weather constraints, acts of God, materials availability, strikes
and other labor issues, changes in regulations affecting development and
construction, and other constraints not within the control of Titan.  Within
twelve months following issuance of the final Certificate of Occupancy all
improvements shall be completed and all construction equipment and trailers
shall be removed.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

____________________________________________________________________________
The e-mail address and domain name of the sender changed on November 1,
1999.  Please update your records.

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Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________