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?TOP STORIES

TEXAS BILL TO RETURN STRANDED COSTS GAINS SUPPORT

A bill in the Texas Legislature that could force three large Texas electric
utilities to return billions of dollars to rate payers gained support from
the Royal Dutch/Shell Group and Enron Corp. Tuesday.

BUSH SAYS ENVIRONMENTAL IMAGE BIGGEST SETBACK SO FAR

President George W. Bush Wednesday said he regards missteps over the
environment as one of the biggest mistake so far in his presidency but
insisted that he will turn around the public perception that he isn't
concerned about environmental issues.

NEW ENGLAND POWER MARKET PLAYERS MEET WEDNESDAY ON THORNY PENALTY

State regulators, utilities and generators from New England will meet
Wednesday to begin settlement talks over a controversial power-market penalty
that has pitted generators against utilities.

MID-ATLANTIC PUC'S IN ELECTRIC-COMPETITION STANDARDS GROUP

Public utility commissions from the Mid-Atlantic states have formed a
regional group to maintain uniform standards for competition among electric
companies, the Pennsylvania PUC announced Wednesday.

WYTHE COUNTY, VIRGINIA, LOCATION CHOSEN TO BUILD GAS-FIRED POWER PLANT

Abundant water, large tracts of land, a potential natural gas pipeline and
access to a power grid have made Wythe County an attractive setting for a
gas-fired power plant.

SEVEN NEW POWER PLANTS UNDER CONSTRUCTION NEAR HERMISTON, OREGON

Oregon's energy future is rising out of the sagebrush and sand as utilities
and multinational companies rush to build at least a half-dozen huge new
power plants near this northeastern Oregon town.

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DOW JONES NEWSWIRES- Access stories online at:
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Central Vt: Unit's Construction Delays May Cause Default

Central Vt Asks Bondhldrs To Remove Unit From Indenture

AES Could Pull In Over $800M On Gener Chile Asset Sales

Mid-Atlantic PUCs In Electric-Competition Standards Grp

EEI:US Electric Output For Week Ended April 21 Up 1.2%

AEP CEO Calls Corporate Separation "Most Important" Issue

Bush Says Environmental Image Biggest Setback So Far

DTE/Earnings/Outlook-5: Sees MCN Deal Closing In June>DTE

Enron Dabhol Pullout Won't Hurt India Foreign Invest -Min

DTE/Earns/Outlook-4: Street '01 Net View $3.58/Shr >DTE

US Northeast Pwr Prices Slide On Cool Weather,Light Loads

DTE Energy/Earnings/Outlook-3: Cites New Acctg Standard

DTE Energy Sees 2002 Op Net $4.10-$4.20 A Share >DTE

DTE Energy Sees 2001 Op Net $3.50-$3.60 A Share >DTE

DTE Energy Says Must Invest To Meet 8% Net Growth Target

DTE Energy/Earnings/Outlook -2: 1Q Fincl Table >DTE

India's Law Min: Court System Hindering Economic Progress

Revised Palo Verde Futures Vol. Apr. 24, 1

DTE Energy 1Q Net 97c/Diluted Shr Vs 81c >DTE

Alstom/Panda -2: 16 Generators Ordered, Plus 4 Optioned

Japan Gives $28.6 Mln In Aid To Myanmar; Reward For Talks

Poll: US Anxiety Over Nuclear Power Easing

Alstom In EUR170M Generator Supply Pact With Panda>ALS

GPU Inc. Earnings/Outlook -4: Trailing 12 Mos Table >GPU

GPU Inc. Earnings/Outlook-3:Sees More Returning Customers

India State Ready To Pay Enron Unit For March

GPU Inc. Earnings/Outlook -2: 1Q Table, Comment >GPU

GPU: Lack Of Pa. Relief Could Cut Net By $1.25/Shr >GPU

GPU Year View Contingent On Pa. Regulatory Relief >GPU

GPU Cuts Year Op Net View To $3.25/Shr From $3.35 >GPU

GPU Inc. 1Q Rev $1.3B Vs $1.18B >GPU

GPU Inc. Latest 1Q On 17c A Share Charges >GPU

GPU Inc. 1Q Net 58c A Share Vs $1.08 >GPU

Entergy Earnings/Outlook-4: Street Sees '01 Net $3.10/Shr

Entergy Earnings/Outlook -3: Entergy-Koch 1Q Net 8c/Share

Entergy Earnings/Outlook -2: 1Q Financial Table >ETR

Entergy Corp. Sees 2002 Net $3.30-$3.50 A Share >ETR

Entergy Corp. Sees Year Net $3-$3.20 A Share >ETR

Entergy Corp. 1Q Revenue $2.65B Vs $1.81B >ETR

Entergy Corp. Sees Limited '01 Buyback Activity >ETR

Entergy Corp. 1Q Revs $2.65 Bln Vs $1.81 Bln >ETR

Entergy Nuclear 1Q Operational Net 13c/Shr Vs 5c >ETR

Entergy Corp. 1Q Competitive Ops 22c/Shr Vs 9c >ETR

Entergy Corp. 1Q Yr Ago Oper Net 48c/Shr >ETR

Entergy Corp. 1Q Operational Net 75c/Shr >ETR

Siemens 2Q Earnings Seen Held Back By New Economy >SI

India Maharashtra State Elec Bd Pays Dabhol Pwr Feb Dues

Texas Bill To Return Stranded Costs Gains Support

New England Power Mkt Players Meet Wed On Thorny Penalty

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TransData Offers California Utilities ISO Certified Electric Meter

Pennfuture Decries Alj Decision in GPU/First Energy Merger; Calls Decision
`Torpedo Into The Ship of Consumer Protection,' Demands That Puc Overturn
Ruling to Fulfill Promise of Competition

Navigant Consulting, Inc. to Conduct Auction for 540 Megawatt Southeastern
Massachusetts Electric Generating Facility

Repeats: Energy Volume And Open Interest Totals-APR 25

Department of Agriculture Rural Utilities Service 7 Cfr Part 1710 Demand Side
Management And Renewable Energy Systems

Shell - Making Technology, Making Energy

Electric CO-Ops Warn of Potential Boom-And-Bust Cycle for Nation's Electric
Utilities

Cardoza Takes Aim at Energy Price Gouging

Warmer Weather Saps State's Power

Pengrowth Energy Trust - Revised: Notification of Webcast Presentation

Hydro Environmental Resources, Inc. Grants Interviews

Williams Supports Short-Term Regional Price Controls to Help Address
California Power Crisis

Experts/Information Available on Emergency Diesel-Powered Electrical
Generators

La Plata Electric

DTE Energy CEO Says Company Growth Will Continue

Official: New England Power Supply Adequate

Top Energy Summaries - Wednesday, April 25, 2001 - 8:45 Am

West Tries Again to Curb Power Prices

Catalytica Energy Systems Ships Commercial-Scale Xonon Test Modules for Ge10
Gas Turbines

Kestrel Energy Affiliate Announces Proposed Two Well Program in San Joaquin
Basin in California

Advisory/Consecutive Conferences on Environmentally Preferred Advanced Energy
Generation And Hybrid Power Systems

Astropower Powers Up World's Largest Hybrid-Solar/Wind Power System

Alstom wins 170 mln eur steam generator contract from Panda Energy

E.ON interested in starting up own wind energy ops

Viador(TM) to Deliver Software for Sct's Specialized Energy And Utility
Knowledge Management Application

Energy Price Gouging Might End Up Felony

Top Energy Adviser to Quit as Davis Pushes for Plants

Sct Introduces Edash, a Knowledge Management Application for Utility And
Energy Companies

HS Resources Announces 14% Increase in Natural Gas Production; Record
Quarterly Production Revenues, Cash Flow And Net Income; Increased Capital
Program And Debt Repayment; Files Report on Form 8-K Providing Updated
Financial Outlook

Call Centers Emerge As Critical Success Factor for Energy Companies under
Deregulation

Senators Push Energy Price Caps

Transdata Provides Utilities in California with The Only California ISO
Certified Electric Meter with Wireless 'Under-Glass' CommunicationsMark-V
Energy Meter with Built-in Digital PCS/Cellular Phone Provides Advanced
Real-Time Metering And Wireless Data Retrieval Solutions for Commercial And
Indust

Poll: US Nuke Power Anxiety Easing

Signing Energy Bill Should Be a No-Brainer

?INTERNATIONAL - Access stories online at:
http://www.powermarketers.com/pma-intr.htm

China Draws Blueprint to Upgrade Wind Power

Durum Cons. Energy Announces the Appointment of A Director

BLACKOUTS SPARK WAR OF WORDS BETWEEN DOMINICAN GOV'T, POWER FIRMS

Mckenzie Bay Acquires Strategic Ownership in Vanadium Energy Technology
Company

Westcoast Energy Announces Management Changes

National Energy Board Receives Georgia Strait Pipeline Project Application

Hungary, Slovakia to share information on atomic energy levels

Westport Innovations Inc: Cummins Inc. - Cummins-Westport Joint Venture
Announces Anaheim Public Utilities - As First Customer for 1.5 Megawatt
Natural Gas Generator

Top Energy Summaries - Wednesday, April 25, 2001 - 2:06 PM

Margarita Power Conference Starts Today - Venezuela

Cummins-Westport Joint Venture Announces Anaheim Public Utilities As First
Customer for 1.5 Megawatt Natural Gas Generator

Top Energy Summaries - Wednesday, April 25, 2001 - 12:05 PM

Union Fenosa, Cepsa unit award Siemens power plant construction contract

Capacity of Power Unit #3 of Yuzhnoukrainsk Npp Decreased Due To Failure of
Circulation Pumps

Indian State to Pay Enron Power Bill

Optiglobe Launches $100 Million Fifth-Generation Internet Data Center in Rio
De Janeiro

Foster Wheeler to Supply Two Turnkey Power Blocks in Estonia

Brazil: Construction of Thermal Electric Power Facility Is Cancelled

Yunnan To Open Its Energy Sector To Foreign Investors

Norwegian Power Companies May Cut Consumer Supplies to Reduce Electricity
Consumption

King Coal Will Rule!

Philippine Board Approves Rehabilitation of Geothermal Projects

Svenska Dagbladet: NCC Wins Giant Order for Indian Power Works(Stororder Pa
Indiskt Kraftverk)

Seoul May Bring in Chinese Coal by Way of N.Korean Railway

Philippines National Power Corp Admits Operational Deficit

Profile - Japan's Electric Power Industry (April 2001)

Zamboanga Asks for Extension to Reduced Power Charges

Hungarian Ministry Forecasts 1% Annual Energy Demand Growth Through 2010

Saudi Naimi to Meet U.S. Energy Secretary This Week

?KRT - Access stories online at: http://www.powermarketers.com/pma-krt.htm

-Utilities to Receive Credits Again for Producing Synthetic Fuels

-Lack of Consensus May Keep Utility Bill from Becoming Law in Indiana

-Henry County, Ind., Power Plant Site Gains Approval Despite Opposition

Northeast Utilities Sees First Quarter Earnings Drop from Last Year

German Investment Bank Plans Counter-Bid for Britain's Southern Water

Shareholders of ST. Louis-Based Utility Company Address Executive Pay

Senators Introduce Legislation to Limit Power Price in California Area

Makeshift State Office Focuses on Cutting California's Power Bill

Wythe County, VA., Location Chosen to Build Gas-Fired Power Plant

Raleigh, N.C.-Based Power Company Gets Off to A Strong Start

Showdown Looms for Aluminum Makers, Oregon-Based Federal Energy Marketer

Massachusetts Power Plant Operators Face Tough New Regulations

Wayne, Pa.-Based Energy Company to Help Market Wind Farm Energy

Power Plant Eyed for Mccracken County, KY.

Buffett's Investment in Energy Firms Hinges on Congressional Repeal of Law

California Consumers Are Concerned About Paying for Transmission Line Upgrades

Richmond, VA.-Based Dominion Resources Utility Sees Profits Rise

Memphis, Tenn., Utility Grants Incentive Payments to 2,600 Employees

Kansas City, Mo.-Based Utility Company Stops Search for Buyer of Unit

IPO of Kansas City, Mo.-Based Energy Company Draws Strong Investor Interest

Bill Could Force Refund from Houston-Area Energy Firm

Boston Customers Struggle to Learn If They Are Being Overcharged by Utility

Cottage Grove, Ore., Research Center Makes Use of Practical Technologies

Seven New Power Plants under Construction Near Hermiston, Ore.

Workers at Fairfield County, S.C., Nuclear Plant Vote in Favor of Unionization

Commission Approves Rate Increase for South Carolina Electric & Gas

California Utilities Forecast Low Conservation Levels from Customers

Firm Proposes Sending Used Groundwater to Port Manatee, Fla.-Area Power Plant

Western States Asked to Create One Organization to Manage Electricity Flow

?REUTERS - Access stories online at:
http://news.powermarketers.com/news/articles/ElectricPower.html

FERC approves RTO West, coordinates power in 8 states

FERC schism over Calif. price caps delays meeting

Kansas City Power had profit on debt payoff

UPDATE 1-Westcoast profit up on strong gas prices, weather

Ecuador electric workers protest privatization

Mirant first-quarter profits up 84 percent

TEXT-S&P rates Calpine $850 mln convertible debt

US FERC delays regular meeting for third time

eSpeed first-quarter loss per share narrows

UPDATE 2-GPU Q1 earnings down, outlook dims, stock drops

El Paso looks to build 750 mmcfd gas line to Calif.

Enron can end India power deal --state government

UPDATE 1-DTE earnings rise 18 percent on colder weather

India working on resolving Enron crisis-Minister

TEXT-S&P rates TransAlta Utilities

UPDATE 1-Trains carry German nuclear waste toward Sellafield

UPDATE 1-Teck's first-quarter earnings lifted by power sales

EU proposes energy saving standards for buildings

UGI second quarter profits boosted by propane

RWE seeks 25.1 pct share in new Cologne utility

Underground plant could power whole UK-scientists

UPDATE 1-Entergy Q1 profits rise on strong demand

DTE earnings rise 18 percent on colder weather

PPL to sell $400 mln convertible securities-sources

Xcel earnings rise 37 percent on colder weather

Southern Union third-quarter earnings rise

Calpine sells $850 mln 20-yr convertible bonds

NRG Energy net rises, raises 2001 guidance

GPU 1st-qtr operating earnings drop 32.1 percent

AGL Resources 2nd-qtr earnings more than double

El Paso beats estimates after Coastal merger

New Jersey Resources Q2 rises

Entergy first-quarter profits rise on strong demand

Entergy Q1 profits rise on strong demand

UPDATE 1-Japan village to hold referendum on nuclear fuel

UPDATE 1-Lower KEPCO Q1 earnings outlook no surprise

Pilgrim's Pride slips to second quarter loss

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Bill Townsend, Friedwire
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Due to the complications I am having with my right eye following the Lasik Enhancement, I am going to be going to the eye doctor more frequently than planned.

I have another appointment at the eye doctor tomorrow Thursday, the 13th @ 2:15 pm.  Since this will basically consume most of the afternoon I went ahead and made a follow-up appointment with my primary care doctor.  He has increased my diabetes Rx and needs to evaluate it's effectiveness.

Randy


In approximately one month (9/9/2000), we are targeting that a new version of
the Oracle NT client (8.1.6), Borland Database Engine (BDE) 5.1.1 and
Microsoft Data Access Components (MDAC) 2.5. to all Corp/ENA workstations.
This software provides the connectivity from your workstation to Enron's
Oracle databases and the applications supported by them.  We are currently in
the process of testing all the applications managed by Corp/ENA Information
Technology to ensure that they will be compliant with this new software.

This change may also effect your own developed MS-Access, MS-Excel
spreadsheets, and/or MS-Query documents that retrieve data from Enron's
Oracle databases via ODBC drivers. As part of the upgrade, all Oracle ODBC
connections will be upgraded to compliant driver versions.

If you would like to test your MS-Access databases and/or MS-Excel
spreadsheets under the new software releases, please use one of the
workstations at one of the following locations for your testing:

General users
EB2230D
EB2778B
EB0504P
EB4857

Traders and developers only please
EB2904E
EB3067
EB3138B

You may contact your floor support representative for any testing assistance.


I understand there is a little confusion regarding what products we can trade
under the "Master Master"  for the referenced Counterparty.  It's not
surprising, it's a confusing master!  This is currently the only agreement we
have in place that contains terms for trading both physical and financial
transactions in one agreement.

There is a Master Trading Agreement dated February 22, 1996 in place between
ECT and  AIG Trading Corporation, now known as Sempra Energy Trading Corp.
(Global Contract Reference No. 96000160).  This agreement provides for
financial Swap, Option and Swaption transactions (excluding weather), and
further provides for physical natural gas transactions only.  It does not
provide for any other physical products.

Call me if you have any questions...


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 11/22/2000
09:36 AM ---------------------------

Pinnamaneni Krishnarao
11/22/2000 09:25 AM
To: David Draper/HOU/EES@EES
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: American type swaption calculations.

David:
 On #1, I would say the problem is not with the calculation part, but with
the market information, or lack thereof (i.e., illiquidity). The gas desk is
responsible for the supplying prices and volatilities. It is upto them to
decide how they want to account for illiquidy: change the bid/offer spreads
accordingly, or add hedging costs, or something else. And on the
correlations, they do matter but not as much as volatility or price. Since
these are correlations for the same underlying at the same location across
time, I think we can make some reasonable assumptions and compute them.

 Regarding #2, I don't agree with the concept of a market top. What the desk
does with the options is to hedge them. And the way to hedge them is hedge
teh delta and exercise the options optimally at the same time.

 Finally, I don't think we can use a 2-year swap as a proxy for a 10-year
swap. Longer term prices and volatilies are driven by the cost of production
and economic variables and their uncertainities. Those don't necessarily
reflect the shorter term issues.

Have a great Thanksgiving,
Krishna.

David Draper@EES
11/21/2000 02:00 PM
To: Pinnamaneni Krishnarao/HOU/ECT@ECT, Paulo Issler/HOU/ECT@ECT
cc:
Subject: American type swaption calculations.

Krishna/Paulo,

 Can you gentlemen do me a favor and read the attached memo written by Eugene
and give me your opinion ? Thanks. Hope you have a great Thanksgiving weekend.

---------------------- Forwarded by David Draper/HOU/EES on 11/21/2000 01:58
PM ---------------------------

Eugene Zeitz
11/21/2000 09:34 AM
To: David Draper/HOU/EES@EES
cc:
Subject: American type swaption calculations.

Hi, Dave:

Here's a write-up on our problems with American style options.

          Thanks.

             Eugene.


Frank:

Did you ever send out comments on TVA?  I didn't see an update in Lotus
Notes.  Please let me know as I would like to call Joe back.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/27/2001 12:56 PM -----

	Joseph Wagner@ENRON
	02/27/2001 10:11 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: TVA's Response to the ISDA Agreement

Sara,

I apologize but I can not remember where we left off on this.  Please let me
know status or if I was supposed to do something on our side with TVA.  TH
anks.

Joe
---------------------- Forwarded by Joseph Wagner/NA/Enron on 02/27/2001
10:10 AM ---------------------------

Joseph Wagner
01/17/2001 12:29 PM
To: Sara Shackleton/HOU/ECT@ECT
cc:

Subject: TVA's Response to the ISDA Agreement

Here is what TVA sent me today.  Can you look at it and let me know of any
comments and suggestions you have.  Thanks.

-Joe
---------------------- Forwarded by Joseph Wagner/NA/Enron on 01/17/2001
12:26 PM ---------------------------

"Kelley, Kirk A." <kakelley@tva.gov> on 01/17/2001 12:25:21 PM
To: "'Joseph.Wagner@enron.com'" <Joseph.Wagner@enron.com>
cc: "Johnson, Larry A." <lajohnson@tva.gov>

Subject: ISDA Agreement

Mr. Wagner,

Larry Johnson has asked that I respond to your request regarding that status
of our review of your ISDA agreement.  Our counsel has requested that we use
TVA's standard agreement as a starting point, which I have attached for your
review.

 <<00046317_.doc>>
Please provide your comments to me at your earliest convenience or give me a
call at the number below.

Thanks,

Kirk A. Kelley
Manager, Credit
Risk Management
Tennessee Valley Authority
400 West Summit Hill Drive, WT 4C-K
Knoxville, TN  37902-1499
Phone:  865-632-3190
Fax:      865-632-4560
E-mail:  kakelley@tva.gov

 - 00046317_.doc


Dear Colleagues,

On numerous occasions this past year, Enron Government Affairs (EGA) support
provided to commercial groups resulted in substantial increases in project
economics and enhanced the overall value of many deals. The Regulatory Risk
Analytics group has been tasked to help you quantify EGA,s portion of this
value added over the past year. For budgetary reasons, it is critical for
every EGA member to participate in this exercise and document his/her share
of significant value added.  Please contact Gia Maisashvili or John Neslage
to discuss the  methodology for determining EGA,s value added as soon as
possible.   The contact information for Gia is (713)  853-4346, and for John
its (713) 853-6827.

The dead line for this effort is Friday,  September 1st

Thank you for your cooperation


I am attaching a list of questions prepared by Sullivan & Cromwell for your
review as we consider our approach on moving forward with comments regarding
Sections 23A and 23B.  We have invited Michael Wiseman and Willem Gravett of
Sullivan & Cromwell to participate in our conference call on Thursday at
10:00 a.m.

These questions are designed to solidify our thinking on our approach. As
the memo states, we may choose not to respond to certain questions.  It
would be extremely helpful if you would review the questions and be prepared
to offer your thoughts on Thursday about which concepts ISDA should address
in a comment letter.  We would also appreciate your thoughts on additional
issues that may not be included in this list.

If you have colleagues in your institution specifically following this
issue, please feel free to have them join Thursday's call -   just let us
know who will be participating.

Many thanks.  Please call if you have any questions.

 <<Section 23A and 23B Questions.doc>>

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

 - Section 23A and 23B Questions.doc


Kim
?
Wanted to follow up with yesterday's emails when you get in  this morning.
Let's address:
1)??? Pricing for rolling contract forward on a  month-to-month basis until
changes are made to the way SoCal Edison purchases  power.
2)??? Pricing for contracting for all of the  other sites on an Index plus
cost for a one year term and leaving the LA Vernon  site to roll
month-to-month.
3)????What exactly are the penalties that  Enron is subject to should LA
Vernon cause Enron to be out of balance for the  day?? What are the options
we need to present to SSCC to address this issue  in a contract?
4) ??? The Irvine location.? When we first  spoke, Jason was involved with
this location.? I had stated that I thought  they would be better off on
tariff.? Due to the recent closing (December  2000) of the core program to
customers with the exception of those whose  suppliers leave the market, this
option is now not available.? Jason  mentioned doing a long term fixed deal.?
This decision needs to be  addressed by SSCC corporate and the plant.? We
will provide the costs to  SSCC corporate for this customer and decide on
pricing from there.
5)??? Set up a conference call for the  beginning of next week with John
Ewing at the LA Vernon site to discuss power  opportunities after August 2001.
?
Thanks, hope you had a great night anyway!
Lynn
***********************************
?
Lynn Bracken
Energy Manager
Summit Energy Services,  Inc.
9920 Corporate Campus Drive
Suite 2000
Louisville, KY  40223
502-429-3800


let me know when you want to go out.  i can go out any night.


The attached list are outstanding receivables associated with the Central Region group that have occurred prior to December 2000.  These are in addition to the receivables Frank Semin sent to you on December 19, 2001.  Total value of these receivables are $13,039.98.

Please have these receivables written off prior to January 1, 2002.   Thanks!

Chris Sebesta
Northern Natural Gas
Office:  402-398-7064
Fax:      402-398-7413
chris.sebesta@enron.com


per your respective requests --
please note the comment about it possibly starting late!!!
(you'll won't "hear" anything on the audio until they begin).

Thanks,
Joseph
---------------------- Forwarded by Joseph Alamo/NA/Enron on 07/11/2001 09:50
AM ---------------------------

"Scott Govenar" <sgovenar@govadv.com> on 07/11/2001 09:53:25 AM
Please respond to <sgovenar@govadv.com>
To: "Joseph Alamo" <JAlamo@enron.com>
cc:

Subject: Link

Here is the link to the Senate hearing.  If it doesn't start at 10, don't
panic, they tend to be late.

http://www.sen.ca.gov/htbin/testbin/noframe_raudio


FYI.

-----Original Message-----
From: PWPENS [mailto:pwpens@socrates.Berkeley.EDU]
Sent: Monday, October 01, 2001 1:11 PM
To: (Recipient list suppressed)
Subject: POWER Working Paper Email Notification Service (PWPENS)

_________________________________________________________________

N E W    P O W E R    W O R K I N G    P A P E R

Working Paper Series of UCEI
_________________________________________________________________

POWER Working Paper Email Notification Service (PWPENS)
A service of The University of California Energy Institute's Program on
Workable Energy Regulation (POWER). All POWER working papers can be
downloaded free of charge from the UCEI website: http://www.ucei.org Just
follow the link to "POWER Research".
________________________________________
"Trading Inefficiencies in California's Electricity Markets" (October 2001)
         PWP-086 by Severin Borenstein, James Bushnell, Christopher R.
Knittel, and Catherine Wolfram

         We study price convergence between the two major markets for
wholesale electricity in California from their deregulation in April 1998
through November 2000, nearly the end of trading in one market.  We would
expect profit-maximizing traders to have eliminated persistent price
differences between the markets.  Institutional impediments and traders'
incomplete understanding of the markets, however, could have delayed or
prevented price convergence.  We find that the two benchmark electricity
prices in California - the Power Exchange's day-ahead price and the
Independent System Operator's real-time price - differed substantially
after the markets opened but then appeared to be converging by the
beginning of 2000.  Starting in May 2000, however, price levels and price
differences increased dramatically.  We consider several explanations for
the significant price differences and conclude that rapidly changing market
rules and market fundamentals, including one buyer's attempt to exercise a
form of monopoly power, made it difficult for traders to take advantage of
opportunities that ex post appear to have been profitable.

Download this paper in Adobe Acrobat format: http://www.ucei.org/PDF/pwp086.pdf
________________________________________

If you would like to be removed from this list, please send an email to
Mailto:pwpens@socrates.berkeley.edu and include UNSUBSCRIBE in the subject
heading. If you received this email indirectly and would like to be added
to this emailing list, please send an email to
Mailto:pwpens@socrates.berkeley.edu and include SUBSCRIBE in the subject
heading.


Lenos,

Thank you again for the invitation. I shall be glad
to attend and speak on the topic indicated in the program.
One correction: I am a VP.

Thanks

Vince

Lenos Trigeorgis <lenos@ucy.ac.cy> on 01/01/2000 01:17:11 PM
To: gordon.sick@rogroup.com
cc: gordon.sick@rogroup.com (bcc: Vince J Kaminski/HOU/ECT)
Subject: Program attached; March NY RO Conference/Participation  confirmation

The current version of the conference program is attached

Please confirm your participation as speaker (and confirm your presentation
title as listed on the attached conference program) by next Tuesday. The
program is about to be sent to the printers next week

Please cc your reply also to gordon.sick@rogroup.com

Lenos

 - NYMarch2000conferencetimes.doc

Lenos Trigeorgis
Professor of Finance
University of Cyprus
Dept of Business
75 Kallipoleos, PO Box 20537
CY 1678 Nicosia CYPRUS

Tel: +357 2 892261
Fax:        339063


thanks. i'll check with david w.

chris: just keeping you in the loop... matt let me know that we should be able to pull those loads now.

bart
 -----Original Message-----
From: 	Smith, Matt
Sent:	Wednesday, October 24, 2001 11:35 AM
To:	Burk, Bart
Cc:	Gaskill, Chris
Subject:

If you want, you can have Dave Woodstrom do the query for you since he should now have access with that ID.


-----Original Message-----
From:  Lawrence, Linda L.
Sent: Friday, July 13, 2001 10:05 AM
To: Linnell, Elizabeth; Nicolay, Christi; Scott, Susan
Subject: FERC RTO Orders

Copies of RTO FERC orders issued July 12, 2000 in the following proceedings:

PJM (RT0-98), NYISO(RT01-95), NEISO(RT01-86), SPP(RT01-34), SOCO(RT01-77)
ALLIANCE(RT01-88), CP&L(RT01-74) and Settlement Conference(RT01-100):


Citibank just turned us down on a q3 jet swap saying Enron was at their internal credit limit.


After getting your imput, I think this is the best:

We will only communicate Needs Improvement and Issues.  There will be
differing messages for needs improvement which fit the situation - some need
to hear that they are not performing at a high enought level relative to
peers to help us achieve business goals or for them to be considered for a
bonus (may need to finda another role within or outside Enron which is a
better fit).  Message to someone new to Enron in that category should be
different.  Glad they are here: believe that as they learn the organization
and their job that they will be able to make significant contribution: doing
the right thing to learn business, but that contributions to date are not
significant enough to warrant payment of a bonus.

Let me know what you think.

thanks

bob


I have little that Steve does not probably know by heart.  But a few comments
to Steve's point on siting new power plants.  I ASSUME "SENATE ENERGY
COMMITTEE" IS THE FEDERAL SENATE, NOT THE STATE SENATE.  I HAVE GEARED MY
SUGGESTIONS TO THINGS THE FEDS CAN OR SHOULD DO.:

THE PREAMBLE: The continuing lack of leadership by the Governor is causing
serious concern for anyone looking for a stable environment in which to make
the $billions in investments required for new power plants.  The desparate
search for blame placing (of exactly the guys that would make the
investment), the lawsuits, the simplistic, outright misrepresentations of
what happened and is happening, the threats of condemnation, etc. are doing a
good job of making the public very uneasy and effectively destroying the
"market" that resulted in the largest initiation of investment in power
plants in the state's history.  To the point, the debt lenders are getting
nervous; the equity providors are getting nervous.  (Duke:  "I would have
less third world risk developing a plant in Brazil...")  If the final result
of all of this is a public power agency that basically controls the grid and
the buying and selling of power, the cynic might observe that we will have
traded the accusations of greed of the present environment for a reversion to
the old environment of inefficiency and escalating rate bases.  In my
opinion, there is no way that the governor's present political initiatives
will result in the number of power plants that are necessary to cover the
demand.  He may be covering the near term price/supply issues with his CDWR
initiative (I note that it is winter time and power demand is down,
notwithstanding stage 3 alerts - wait until summer peak demands...), but
destroyed the desire of the long term risk takers to develop new plants in
this market.  If the politicians think the "state" can do the development, I
don't think so.  Think about it:  there just is not anyone in the IOUs or
CDWR or the Munis or any state agency that can make the decisions necessary
to make the investments required IN A TIMELY MANNER.    The public entities
do not even have the staffs to do the required work, much less the political
environment to get anything done, given the continued thirst for "doing
things right" vs "doing the right thing."  Maybe we will get back to long
term power purchase agreements for the development of new power plants.  I
point out that the Standard Offer contracts developed by the "State" and
entered into 15 - 20 YEARS AGO in a regulated environment by nearly 10,000 MW
of QFs are STILL OUT OF THE MONEY.  (Per SCE, since the PX began in 4/98,
only during August and December of last year were they in the money.  We
checked it out - they are right.  That is astounding.  And we want to go back
to that??)  Enron would be pleased to participate in long term PPAs,
especially since we are developing several sites, and can make money doing
that.  But if we want to be statesmen about this, we need must get a market
paradigm back.

THE SUGGESTIONS :

1. Federal Environmental issues:  There are 4 agencies in CA that get
involved in air issues:  US EPA, CEC, CARB, and the local AQMD.  Lot's of
rhetoric that each is just doing its own job, but the de facto result of that
many agencies looking at the inevitably overlapping issues is that the
requirements end up much tougher than they need to be.  Letting the state
deal with the last 3, and focusing on the US EPA because of where Steve will
be testifying, seems like the US EPA (probably through a change in law at the
Federal level) could do the following:

 a. Take a leadership position in rationalizing the rat warren of districts
and basins and ERC creation and transfer restrictions.  To our utter
amazement, every little district that we have gone into to develop power
plants have completely different rules and have required a completely
different approach re ERCs- SF Bay Area, South Coast, San Joaquin County,
Kern County, Placer, etc.  ERCs are the single biggest problem we have in
moving forward on the development of over 2000 MW of new plants we have on
the books.  I point out the ERC market in the east for SOX.  SOX ERCs
produced in Ohio can  be used in a new plant in Indiana.  This is not
technically crisp, but was a rational, political decision as part of the
Clean Air Act.  We need that same rationalization now in California.
Granted, CA and its politics was probably the genesis of the arbitrariness of
AQMD vs county boundaries vs basin boundaries, but if we can get the state to
the table to change this, the EPA will be involved.  Leadership by all is
necessary.  When 2.5 ppm new plants are being held up, the 100 ppm plants
will continue to be used to produce the power.  Do the math and tell me if
the pollution produced during the period of delay is worth the result.  Do it
again realizing that many of these 2.5 ppm plants will never be developed,
given the difficulty.

 b. Consider impact fees:  the concept of "pay to pollute."  In LA, there are
car pool requirements to reduce pollution.  If a company cannot or will not
carpool sufficiently, they can pay a fine that the district applies (I think)
to general programs, like electric water heaters vs gas, electric lawn mowers
vs gasoline, mass transit, etc.  Implement a similar program for power
plants. Work in concert with the local air district and the EPA to develop a
program that allows the developer to pay the market price for credits (FYI:
+$20 million for Pastoria) which the district uses to develop credits from
existing sources that have not yet been cleaned up  (see list 4 lines above,
and others.)  Necessity:  power plant proceeds while credits are being
develop.  If it takes 10 years to develop the credits, consider issues and
value of fact that the 2.5 ppm plant will eventually replace the 100 ppm
plants.

 c. Stop the crusade for ever lower BACT requirements that are based on vague
representations, inconclusive data and over zealous developer agreements.
Example:  Several years ago, Goalline Technologies developed SCONOX for NOX
reduction in a 25 MW unit in LA.  Good thing to do, but based primarily on
the results of that small unit and the salesmanship of Goalline's president,
we got ratcheted down on our 500 MW plant in Pittsburg to 2.5 ppm.  SCAQMD
calls to SCR vendors indicated "we can do that".  EPA jumped on board.
Guarantees from EPC contractors with LDs for nonperformance are different
than "we can do that" from an equipment supplier.  Now, EPA and others are
wanting 2 ppm, again based on vague data.  Sam even advises requests to
consider ~1 ppm.   (I point out that there are ZERO frame 7Fa units in
operation at these levels in California.)  GE has told us "absolutely not" to
a 2ppm guarantee.  However, I believe that requirements will in fact be
reduced again by EPA, just because they can.  Again, do the math on delaying
or stopping the development of, say, a 2.5 ppm plant (because EPA wants 2
ppm) in favor of the continued operation of a 100 ppm plant.  Hugely more
resultant pollution.

 d. Be open minded and proactive with developers' novel methods of creating
new sources of ERCs.  PG&E had a heck of a time creating ERCs for their Otay
Mesa 500 MW power plant in San Diego, ending up putting new engines in 4
harbor boats and +100 garbage trucks.  Enron has several similarly dificult
initiatives underway (Steve cannot tell anyone this, FYI only:  we are
looking at replacing engines in harbor boats in SF Bay, replacing engines in
"yard" locomotives in Sacramento and LA, replacing agricultural pumping
engines in the Central Valley, putting SCR technology in cement plants all
over CA.)  We could take years to get these programs approved as did PG&E, or
we can take several months, with EPAs (and others) leadership.

2. Federal Siting Issues:  California is at least attempting through
legislation to speed up the siting on new power plants.  Unfortunately, the
Federal agencies do not have the time line requirements to provide their
review on the speeded up schedules.  For example, a request of the Fish and
Wildlife Department for a review/permit gets put on the priority pile, first
come first serve:  shopping centers, housing developments, power plants,
power lines, etc.  I understand that our Pastoria project had 65 F&W
applications ahead of it when we applied.  And, there was no limitation on
how long they could take to get the review done.  I understand that one power
project has waited 2 years for its review.  The only way we got our permit
was Sam Wehn begged F&W to figure a way to get it done ahead of the 65 other
applications.  Fortunately, F&W figured that we could reapply under an EPA
rule in this specific case, which did have a timeline limitation.  We should
not have to rely on luck to get plants permitted.  Suggestion:  require the
federal agencies involved in power plant or transmission line permitting to
speed up their review/permitting times to be consistent with the state
initiatives to speed things up.

3. Market Issues:  I will not go into this in detail, as Steve is more able
than I to vocalize these issues.  However, from a power plant development
point of view, if we want the private sector to develop MERCHANT power
plants, and I believe we do because of the enormity of the investment
required, we must get back to a market structure.  As I am sure Steve
remembers, one of the big issues we all dealt with in "deregulation" was
stranded cost.  We can avoid those issues by getting the private sector to
make the investments.  Steve knows all the issues:  stability, liquidity,
credit worthy counterparties, lots of counterparties, etc.

	Elizabeth Linnell@ENRON
	01/26/2001 10:24 AM

		 To: Mary Schoen/NA/Enron@Enron, David Parquet/SF/ECT@ECT, Richard B
Sanders/HOU/ECT@ECT, John Neslage/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Margaret Carson/Corp/Enron@ENRON, seabron.adamson@frontier-economics.com,
Susan J Mara/NA/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/SFO/EES@EES, Steve Walton/HOU/ECT@ECT, Alan Comnes/PDX/ECT@ECT,
mday@gmssr.com
		 cc: Steven J Kean/NA/Enron@Enron, James D Steffes/NA/Enron@Enron
		 Subject: Urgent - Steve Kean to testify at Senate hearing, need info

Steve Kean will be testifying at the Senate Energy Committee's hearing on
Wednesday regarding California.  Steve and Jim Steffes asked me to contact
you for the following information.  I've listed specific requests for several
people, but am copying many more of you for your input as well.  Anything you
can provide by sometime on Monday will be appreciated!

Dave Parquet - Siting of new power plants in California.  Any insight you can
provide regarding the rules, the current climate, what would fix the current
situation, etc.

Richard Sanders - Steve thinks he might be asked about whether the market was
manipulated.  Please provide information on whether this was the case and who
the participants likely were.  What's the current climate regarding
sanctions, etc.?

Mary Schoen - Any information you can provide relating to air emission issues
in California, and specific details for our recommendations regarding air
emissions.

Steve Walton - The status on RTO West, Desert Star, Cal ISO and general
information on RO development.

Sue Mara - Specific ordering language requiring the utilities to buy only
from the PX.  Was it required through legislation or the CPUC, and what
exactly does it mean.  Who was involved in formulating the language?
Information on block forward markets.

Alan Comnes - A copy of the CDWR response and anything they might have
available regarding long term proposals from the government.

Dan Allegretti - We have the e-mail Jim sent regarding the UI deal.  Please
provide more specifics on the deal, and information regarding portfolio
management approach.

Thanks for your help!


Thanks
Chip Cox|PDX|ECT wrote on 7/24/00 8:34 am:

>Hi Mary, I'm not sure if the
>IT purchasing dept. sent you
>this email, I just wanted to
>make sure you were aware
>that this item is not in stock.
>If you have any questions
>about time of delivery send
>Eileen Buerkert an email and
>hopefully she'll have an ETA
>for you. Thanks Mary,
>chip
>----------------------
>Forwarded by Chip
>Cox/PDX/ECT on
>07/24/2000 08:39 AM
>---------------------------
>
>
>Eileen Buerkert@ENRON
>07/24/2000 08:29 AM
>To: Chip
>Cox/PDX/ECT@ECT
>cc:
>
>Subject: The equipment
>you ordered is on order.
>
>--- Automatic Notification
>System ( Request #:
>ECTH-4MFVMH, PO #:
>2007725 )
>
>The equipment for your
>order (see below) was not in
>stock. Please allow 5 to 7
>days for procurement. You
>will be notified when the
>equipment arrives.
>
>--- PORT REPLICATOR FOR
>LIBRETTO 110CT          --- for
>Mary Hain


We would like to invite you to participate in a meeting of the International
Swaps and Derivatives Association's North American Energy and Developing
Products Committee on Friday, July 27, 2001 at 11:30 a.m. (New York)/10:30
a.m. (Houston).
ISDA's Energy and Developing Products Committee, Chaired by Mark Haedicke,
General Counsel of Enron Capital and Trade Resources Corp., focuses on
facilitating and addressing issues ranging from documentation to market
practice related to the prudent development of the range of commodity
derivatives transactions. To that end, we plan to discuss items on the
following agenda:

 <<Agenda - July 27.doc>>

This will be a video conference meeting held at the offices of Goldman Sachs
in New York (1 NY Plaza, 37th Floor, Room 37G) and in Houston (1000
Louisiana Street, Suite 550, Room 5G).  You may also participate by calling
into the meeting on the following phone numbers:  United States:
1-877-718-6588; International:  212-902-0992.  The passcode is:  20952.

Please RSVP via e-mail to Scott Marra: smarra@isda.org.  We would appreciate
knowing if you will attend the Houston location, New York location or if you
will be calling-in by phone.

Additionally, as ISDA is currently updating its database, we apologize if we
have inadvertently omitted anyone from the list.  Please let me know if
there are other ISDA members or members of your institution who should also
receive an invitation to this meeting.

Please do not hesitate to contact me if you have any further questions.
Thank you.

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

 - Agenda - July 27.doc


I will be more than glad to send these out for signature.

Linda S. Bryan
Ext. 3-3538

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Tuesday, November 13, 2001 1:56 PM
To:	Bryan, Linda S.
Cc:	Hall Jr., Robert L.
Subject:	RE: Assignment Letters

Attached are the consent to assignment letters. We will need two executables of each.  Let me know if you will be the one sending these out for execution.

 << File: Consent(LGS).doc >>  << File: Consent(NOPSI).doc >>

 -----Original Message-----
From: 	Bryan, Linda S.
Sent:	Tuesday, November 13, 2001 11:14 AM
To:	Nemec, Gerald
Subject:	Assignment Letters

What is the status on the assignment letters assigning the LGS Natural Gas Co. and Entergy New Orleans contracts to Bridgeline?

Linda S. Bryan
Ext. 3-3538


ENTREPRENEURS - GET OUT YOUR PALM  PILOTS!!!
????Announcing the 3rd Annual UC BERKELEY BUSINESS PLAN COMPETITION  LAUNCH
?November 8 -  6pm, Andersen Auditorium (Haas School of Business).? Come
early, seats will  fill quickly!

This is your opportunity to:

Learn about the Competition
Meet potential team members at the post-launch MIXER
Learn the rules on how to enter to win $50K

No other event on  campus gives you:

Access to leading VCs and Valley business leaders
Written feedback your business idea from a VC judge well versed in your
industry
Hands-on workshops and a mentor that provide you the tools every
entrepreneur needs

Don't miss your  opportunity to turn a business idea into a fundable venture
- Past participants  have received over $75m in funding.

See you on the 8th!? Until then, check  us out at http://bplan.berkeley.edu


Dear Tim,

I apologize for the delay in getting this to you.  By far, your office had
the least amount of findings and, based on the work performed by the Doorstep
team,  I am very comfortable with the processes and procedures in place in
the Portland office.

 I look forward to discussing this with you.

Best regards

Shona


Jeff,

Have you had a chance to convey what I said to the group, and can I join?
Professor Aceves was aware that I talked to you about joining your group, and
he sent me an email asking to confirm that I was now in a group. I'd certainly
like to be! As you know, I want to make sure I am in one to do the next
assignment with. Please let me know, so that if I am joining your group I can
make the meetings and contribute to the next case. I do really appreciate your
help. :)

Thanks,
Christine

Jeff.Dasovich@enron.com wrote:

> Christine:
>
> My apologies.  My schedule melted down after we talked on Monday.  Here's
> where folks came out.  There's some concern about size.  We're supposed to
> be no larger than 3, but we lobbied Aceves and he apparently Ok'd our
> "oversized" group.  The other folks in the group--who talked to him
> originally--are pretty sure that five will violate the rules.  Folks
> wondered if there were other groups that are smaller than ours that you
> could hook up with.  Sorry about that---it's a wrinkle that I didn't think
> about when we spoke.  If it gets real ugly trying to find a smaller group,
> let me know.  Fortunately there's not another team case due for two weeks.
>
> Best,
> Jeff

--
Christine Piesco
Industrials Account Manager
Oracle Corporation
500 Oracle Parkway
Redwood Shores, CA 94065
Phone: (650) 506-3640
Fax: (650) 633-3753
christine.piesco@oracle.com

 - christine.piesco.vcf


Anything I can do to help?

GISB1@aol.com on 05/10/2001 01:04:40 PM
To:	Gisb@aol.com, GISB4@aol.com
cc:

Subject:	More on the EEI/UBP Conversations

Dear Board Task Force,
Bill Boswell also noted the following conversation that occurred today:

"Rae -- and just to fill in the blanks, Betsy Moler called this morning to say
that Mike McGrath had called her seeking support for his position.  She told
him his position was wrong and that the EEI board members wanted to work on
the strawman first and to have something to look at in June on that - not
the retail quadrant - although the two efforts could proceed at the same
time.  Owens and I agreed to talk on Monday following the NERC meeting to
set up an EEI/GISB board level meeting ASAP.  Mike will not be a part of
that effort; Dave Owens will. -- Bill"

Thanks, Rae

cc:  Stan Horton


Wow - too many choices.  Let's see, the day of the week charters start and
end is not fixed - except that the boat has to be available on the days you
want it.  We usually went Sunday to Sunday so we could get 2 weekends in and
use the Saturday as a day to fly down.  It's much harder to get there from
Houston than NYC (fewer flights) so it pretty much takes all day to get
there.  The 3rd - 8th is a Friday through  Wed. - not optimal from the
weekend point of view but doable I suppose  - it just means a 4 day instead
of 7 day charter.  If you want to wait until Thanksgiving we could certainly
manage with the 2 of us - particularly if we got one of the smaller boats -
and it might make sense to go back to the BVI where we know the sailing won't
be all that challenging (I hear the St. Martin area can get rougher).  Plan B
sounds like fun too - and then we could all go together later (it seems mean
to go without Bill) - New Years sounds like a blast to me!  What would you
think about heading down the Friday or Saturday before (12/29 or 30) and
spending the first week of January there?  That assumes Bill can get that
week off and Amanda doesn't have to be back in school til later.  I have a
couple of sailing friends here that might like to go then too if you're
interested in a slightly larger  group.  They're a lot of fun, good cooks and
reasonable sailors  too!

	"Linda Hayman" <LHAYMAN@skadden.com>
	09/05/2000 05:51 PM

		 To: Mark.Taylor@enron.com
		 cc:
		 Subject: Re: Sailing

Amanda has a break from Nov 3-8th  ( and I don't think she has classes on
Friday anyway).  Is that something the three of us can work with?
Alternatively, do you think the two of us could manage over Thanksgiving -
with amanda joining for the long weekend (fly down Thurs eve and back Mon).
I can't remember what day of the week charters begin and end. - is it set in
stone?   Plan B - we could met at the Greenbriar or DC for Thanksgiving.  I
understand from Amanda that Bill is not going anywhere until 2001.  Of course
that does make New Year's eve a possibility.  If all else fails, I did hear
from Greg this week and he wants to know if we are still sailing.   And I am
still looking for something to do over Christmas.

Linda Hayman
Skadden, Arps,Slate, Meagher & Flom, LLP
4 Times Square, 42nd Floor
New York, NY  10036
T:  212-735-2637
F:  917-777-2637

>>> "Mark Taylor" <Mark.Taylor@enron.com> 09/05/00 06:36PM >>>

I sent Amanda & Bill an e-mail a couple of weeks ago and here is Bill's reply.
I sent him a fairly detailed note on how we usually schedule things and which
were the best times of year, etc.  I haven't heard anything from Amanda and
was
beginning to assume they were not really interested in a November trip.  Have
you heard anything firm from Virginia?  Bill's next-to-last paragraph tells me
that he's getting to know Amanda - but I don't think she'll leave him alone
for
the holiday.  The real question is whether her uncanny ability will extend to
his schedule, too.  If they still want to go we'd better make travel plans
soon
- that Thanksgiving Sunday is notoriously difficult to get seats.  If you'd
rather wait until Jan. or Feb. that's fine with me too.  Just let me know.
----- Forwarded by Mark Taylor/HOU/ECT on 09/05/2000 05:04 PM -----
|--------+----------------------->
|        |          WMcgov1047@ao|
|        |          l.com        |
|        |                       |
|        |          08/21/2000   |
|        |          08:14 PM     |
|        |                       |
|--------+----------------------->

>----------------------------------------------------------------------------|
  |
 |
  |       To:     Mark.Taylor@enron.com,
amh5h@virginia.edu                    |
  |
cc:                                                                  |
  |       Subject:     Re: Welcome home!
 |

>----------------------------------------------------------------------------|

Hey Mark, nice to hear from you.  I am glad you enjoyed the wedding.  It went
by so fast for me but it seems that people had a good time.  Apart from a few
travel related glitches the honeymoon was also spectacular.  Tahiti is a true
paradise.

I am committed to the concept of sailing in the Carribean but my problem is
that my honeymoon has put me firmly in "vacation deficit" at the SEC.
Barring any emergency congressional action I will not have enough days
available by Tgiving to truly enjoy sailing in the Carribean.  Amanda has
told me how much fun it is and I want to do it but I may need to find another
time.  I'll check into it and let you guys know definitively very soon.  How
long to you go for?

Keep in mind though that I do not speak for Amanda.  She has an uncanny
ability to arrange her schedule so that she can participate in virtually
every vacation idea that people bring up.

I'll be in touch,  Bill.

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If you have received this e-mail in error, please immediately notify me at
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Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

 - Linda Hayman.vcf


Dear Tracy Geaccone:
You bring us more than your money as a Datek customer. You also trust
us with sensitive personal information.
We appreciate the confidence that you place in Datek and understand
the responsibilities it demands of us. Our objective will always
remain the same -- to serve your needs with integrity throughout
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At the center of this commitment are the Privacy and Security
Principles outlined in the following document. Please take a moment to
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you provide to us and how we seek to protect your interests in
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As a retirement account holder at Datek, you have also entered into
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name of Delaware Charter Guarantee & Trust Co. In order to keep you
well informed, their privacy notice also accompanies this email for
your review.
Sincerely,
John J. Mullin
President
Datek Online Brokerage Services LLC www.datek.com
High volumes of trading and volatility may result in executions at
prices significantly away from the price quoted or displayed at the
time of order entry.
System response and access times may vary due to market conditions,
system performance, and other factors.
? 2001 Datek Online Brokerage Services LLC, Member NASD/SIPC
Datek Privacy & Security Principles
Datek earns your trust by adhering to Privacy & Security Principles
that respect your interest in protecting your personal information.
This notice is provided on behalf of Datek Online Financial Services
LLC, Datek Online Brokerage Services LLC, their clearing affiliate,
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holders will receive this Privacy Notice.
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We take great care to properly handle information about IRA holders,
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We follow strict security standards and procedures to help prevent
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We may disclose the information we collect about you in response to a
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CC-DA29 / #67511  06-14-01


fyi

 -----Original Message-----
From: 	CustomerNotices, WGPHOU [mailto:WGPHOU.CustomerNotices@Williams.com]
Sent:	Friday, January 04, 2002 8:11 AM
Subject:	Cash Out Indices - December 2001

January 4, 2002
REVISED

To:  Transcontinental Gas Pipe Line Corporation Customers
     and Shippers

Re:  Cash Out Indices - December 2001 Revised

Below are revised average prices for December, 2001.  We apologize for any inconvenience this may have caused.

    FT                   AVG.*         BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2570        1.8650	 2.6200
  Zone 2                2.2840        1.9000     2.6700
  Zone 3                2.3110        1.9350     2.7200
  Zone 4                2.3239        1.9463     2.7347
  Zone 5                2.3810        1.9961     2.7998
  Zone 6                2.4272        2.0363     2.8524

    IT                   AVG.*          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2570        1.8650     2.6200
  Zone 2                2.2840        1.9000     2.6700
  Zone 3                2.3110        1.9350     2.7200
  Zone 4                2.3646        1.9870     2.7754
  Zone 5                2.5667        2.1818     2.9855
  Zone 6                2.7214        2.3305     3.1466

   FTG                   AVG.*          BUY        SELL
  ------                ------        ------     ------
  Zone 1                2.2570        1.8650     2.6200
  Zone 2                2.2840        1.9000     2.6700
  Zone 3                2.3110        1.9350     2.7200
  Zone 4                2.3917        2.0141     2.8025
  Zone 5                2.6905        2.3056     3.1093

                         AVG.*          BUY        SELL
                        ------        ------     ------
  FTNT                  2.3340        1.9600     2.7200

*Revised

For information concerning cash out transactions, please contact
Casilda Vasquez at (713)215-4504 or Orie Harris at (713)215-4390.

Stella Yu
Manager - Rate Systems
(713)215-3381


And you are moching me for peace out..


As promised, here are links to intro pages for the two Dell products hosted
on our local project server. These two pages represent the look and feel of
the tutorials. Please note that the links are not active as yet.

http://209.128.100.202/delltest/2500.html

http://209.128.100.202/delltest/2550.html


Bill/Philippe-

Below is a summary of the major problems which occurred the past 96 hours and
the steps taken to mitigate the damage and risk.

Enron Center North (1400 Smith)

As a result of the flooding downtown, approximately six skyscrapers had their
electrical vaults flooded and began to cause cascading problemd in the
electrical grid downtown. The net result was the loss of one of the two 35kv
circuits which serve 1400 Smith. We (engineers, EES Maint, electrical subs)
believe at the time the circuits blew we shifted from three phase to single
phase power, which caused an imbalance in the load to the building.

Consequently, UPS "C" which serves a portion of the Lv 34 Data Ctr, the Rolm
phone switch, and a protion of the Traders floors lost a circuitboard, and
blew two internal fuses. This power degradation caused PDU "S" on Lv 34 to
trip its main breaker and shutdown power load to servers and equipment on
this PDU. This occurred shortly after Noon on Saturday.

Response/Restoration

> UPS "D" transferred load from UPS "C" as the N+1 back up and carried the
full load of the UPS loss as designed
> EPSC/electrical sub (Henderson Electric); EES Maint; IT worked together to
power down systems to begin repair work by 4:00pm Saturday
> EPSC/EES Maint coordinated with Pillar/Henderson Elec to obtain replacement
parts and begin the repairs. By 9:30pm all repairs to UPS"C" had been made
and the system bought back on line. As a measure of extra protection the back
up genset for Enron Ctr North  was in operation
> Reliant Energy restored the circuit at approximately 10:30pm Saturday
evening
> EPSC/EES Maint and subs conducted a thorough review of all electrical and
back up systems Saturday evening
> Enron Network IT Operations began restoration of all affected systems
Saturday evening
> EPSC/EES Maint obtained diesel fuel and topped off all gensets Saturday in
case of additional problems and due to fuel consumption during the outage

Other Building damage was limited to flooding in the tunnels, and water
damage/flooding to portions of the Body Shop on Lv B-1

Enron Center South (1500 Louisiana)

Impact/Damage Summary

> Levels 8 & 9  received very limited amounts of water from the core area
elevator shafts and exterior curtainwall. There was no exposure to water on
any systems or network cabling during the entire period. (Response) Crews
contained and cleaned all water as it traced into the building.
> ALL IDF closets on Lvs 3-5 Traders Floors remained dry throughout the
duration of the rains/flooding on Friday & Saturday
> Lv 6 received some water from Lv 7. (Response) The area was contained and
cleaned. No additional damage beyond Tuesday evenings flooding occurred
> Due to extreme street flooding and water pressure, a 10" sanitary sewer
line tied into ECS burst on Friday evening causing extensive flooding of Lv
B-1 area (approximately 4-6 inches of water in the basement. (Response)
Clark & Way Engr was able to install a temporary plug in the line to stop the
on going flood waters from penetrating the basement. Clean up has continued
throughout the weekend
> Due to the extreme flooding and water pressure, the water seal of the
Reliant Vault burst early Saturday and flooded the electrical vault room with
24-30" of water. This resulted in a complete loss of power at approximately
1:30pm on Staurday afternoon. The back up systems engaged and operated per
design to support the Data Ctr and Traders Floors. The temporary cooling
tower went off line. Prior to the flooding Clark had been in the process of
tieing in the temporary feed into the back up system by 7-1-01 in prep for
the migration (Response)
 * Clark used back up water pumps to pump out and clean the Reliant
electrical vault, as well as maintained operation of the back up systems
 * The Data Ctr AHU's were kept on line with the dehumidifiers/blowers to
modulate the airflow in the Data Ctr. EPSC had Way Engr techs use
temp/humidity probes
    to monitor the areas. The recordings indicated temps on Lvs 8 & 9 did not
exceed 78 degrees and relative humidity did not exceed 68% during the outage
 * Clark/Fisk Elec/EPSC coordinated desing efforts and obtained gear on an
emergency basis and completed the tie in off the temporary coolong tower to
the
    generators by 10:30pm
 * Reliant Energy is still cleaning and replacing gear in th vault room.
Presntly (AT 11:00PM Sunday) we have one circuit operational in the building
and 50% of the
              Reliant  gear on line). We are still operating all systems
safely on the back up sytems for the past 36 hours. It is expected Relaint
will be complete by 7:00am.
   Clark; the engineers and MEP subs shall be conducting a thorough system
review and repirs as required of all systems throughout the building during
the coming
   week.

In summary, the back up systems in both facilities did engage and operate as
designed; however, due to the extreme conditons and stress placed upon the
systems the facility held up extremely well. I would also like to note
throughout the ordeal beginning Friday evening through Sunday, everyone
(Enron NetWorks;EES FacilitiesClark Const;Way Engring;Fisk Electric;Henderson
Electric; KW-Pillar;Hines) did an outstanding job under enourmous pressure
and the most severe conditions I have seen in downtown Houston.
Communication, around the clock work  and cool heads managed to assess damage
and develop action/restoration plans to facilitate repairs for Monday business

Let me know if you need further details on specific issues or items.

regards-

Henry


Posted Direct Report org chart change.  http://www.nng.enron.com/dob/etfr_affiliate_marketers.html

Toby

 -----Original Message-----
From: 	Solon, Sharon
Sent:	Friday, February 08, 2002 4:02 PM
To:	Kuehl, Toby
Subject:	FW: Date change on org chart

Please see change to org chart under Accounting, Scott Smith has been removed and Carolyn Stone is the new person.  Per Maria, go ahead and post.  Thanks, Toby.
Sharon

 -----Original Message-----
From: 	Crum, Dea
Sent:	Friday, February 08, 2002 2:52 PM
To:	Solon, Sharon
Subject:	Date change on org chart

Sharon,

I should probably use today's date on that org chart so I've attached one with February 8.

 << File: Dienstbier1.ppt >>


Internet Service is now available for ordering! ?As a Pilot 3 Invitee of the
ClickAtHome program, you can now order your PC and Broadband Internet Service
through the ClickAtHome Pilot website, which may be accessed at
http://clickathomepilot.enron.com (launch through Internet Explorer only). ?
All Pilot participants are encouraged to place their PC order by January
25th.

Many of our Internet Service vendors are ready to begin providing service to
you today, while all vendors will be ready by late February. ? The
ClickAtHome Internet Service Providers whom are currently available for
internet service are:
?

Time-Warner in Houston, (cable modem)
Kingwood Cable, (cable modem)
AT&T - Portland. ?(cable modem)

MSN, providing both dial-up and DSL service nationwide, and Cox Cable -
Omaha, providing cable modem service, ?will be available in late February.
?We will provide further communication as soon as MSN and Cox Cable - Omaha
orders can be placed. We appreciate your patience in advance.

To pre-qualify and sign up for service in your area today with Time Warner
Houston, Kingwood Cable or AT&T- Portland, refer to
http://clickathomepilot.enron.com for specific provider information and
instructions on how to place your order. ?If you have problems launching the
site, please copy and paste http://clickathomepilot.enron.com directly into
Internet Explorer.

The ClickAtHome Team is excited to bring you these options.

ClickAtHome Team


there are 3 (AEP,HETCO, and Phibro).  The first number is the amount originally called for, and the second is what the call should be today based on last night's marks.  I have also attached a spreadsheet with the same data.

All numbers in millions:

AEP 		19.25	22.5
Phibro		16	16
HETCO		17.25	9.5

Thanks,
Tanya


fyi
---------------------- Forwarded by Shonnie Daniel/HOU/ECT on 05/15/2000
04:53 PM ---------------------------

"Sean Bunk" <BUNKS@andrews-kurth.com> on 05/15/2000 01:10:22 PM
To: Shonnie Daniel/HOU/ECT@ECT, Katie Stowers/HOU/ECT@ECT,
ranabir.dutt@enron.com
cc: "David Barbour" <BARBD@andrews-kurth.com>, "ROB TAYLOR"
<TAYLR@andrews-kurth.com>, dsullivan@totalise.co.uk
Subject: Revised Project 20/20 memo

Attached please find a revised Project 20/20 memo including additional
unwinding options and a blackline copy marked to show changes from the prior
version.

Please feel free to call me at (713) 220-4427 if you have any questions or if
I can be of further assistance.

S.B.

 - blacklin.DOC
 - MSDaniel.DOC


Here is something close to the note I wrote for Cindy in the meeting.  I think we can advocate consistency as an employee advocacy issue.  If we think the HR department can make this happen without a note, great.

TO: Management Committee

As you know, we have announced broadly that restructuring activities are imminent.

At this sensitive time, it is fair and right to employees to communicate consistently across the company in a coordinated fashion.  Therefore, please ask your management teams to refrain from speculating about specific reductions or communicating preliminary information to their people.  This creates a situation where there are have's and have not's -- those with information (preliminary at best), and those who are left anxious and wondering why they've heard nothing.

As promised, we will have a coordinated communication -- which will include you -- when plans are finalized.  In the meantime, let's do everything we can to avoid creating additional angst for employees.

Thanks for your leadership in this difficult time.


Kam,

As we discussed this morning, the traders will be using their physical books to log onto EOL with the exception of the financial desk (John Arnold and team).  Behind the scenes, EOL will  set these traders up in the Counterparty Alternates table to have the books "flip" to the respective financial book when a financial trade is hit.

Also, any word yet on the traders wanting a different book for price, basis and index.  We are still under the assumption that the trades will book under one book.

Please let me know if you have any further questions.

Thanks,
Dawn


Thank you for your request. You will be notified by email when your request
has been processed. You can check the progress of your request by clicking
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000016786&Page=
MyReq.


A presentation was given to the Transwestern Marketing Group in Houston over
the PCB issues affecting sales of natural gas into western markets.  The
history and future potential impacts of market stratgies were also discussed.

A training session on the Dehy MACT was attended in Santa Fe which was
sponsored by the state of New Mexico, apprising companies of forth coming
requirements under Title III.  A request will be sent out ot the field for
each location which has dehydration to complete a extended gas analysis and
rich lean glycol samples.  Notification to the staes and EPA is due by June
17, 2000.

A conference call was attended to discuss the C/S 8 turbine project and its
fate.  Based upon submitted discussions it was decided to dispose of the
turbine, compressor and auxillary box as a PCB contaminated waste and move
the contaminated articles to a PCB landfill.

The quarterly Transwestern/SoCal PCB management committee mtg was held via
conference call.  Invoices and charges were discussed which So
cal had charged to their management and handling of PCB's on their system.
At 86%, Transwestern's responsibility was $71,208.61.

Clearances were received from the F&W and SHPO for the additional areas for
the powerline transmission corridor of the Gallup C/S which is in progress.

A custom fuel monitoring request wqas submitted to Region VI EPA for the
Transwestern Lone Star Valero C/S.

Installation and testing has been initiated on the precombustion chambers for
the Superiors at the Atoka No. 3 C/S.   While fabrication is in progress for
the correct chamber,  temporary Waukesha chambers were installed.  Even
though the chambers were not of the correct size and configuration, a 12.5%
fuel savings was achieved and emissions were reduced by over 56%.  The
correct chambers will be available and installed sometime next week.


Lara Glen @ x67330


I do not mind us bringing JAckson.  I understand your desire to be with him
all the time, but I would like to occasionally do something with our friends
for a vacation that is just us.  I think in time you will become more
comfortable, and I will just wait for that time.

You need to talk to your mom and decide if we are going this weekend.  If we
go we need to make plans for barkley.

Bundle Jackson up this morning it is near freezing.  Please cover the plants
out back.  Thanks.
PL


Thanks.
Also, Rohm & Haas, meter 1506, is looking for 24.000 for Feb. instead of
27.000.  They take the swing.  Would you like me to change the deal or keep
it as is?

Daren J Farmer
01/31/2001 08:13 AM
To: Aimee Lannou/HOU/ECT@ECT
cc:
Subject: Re: Valero's February Gas Nominations

You can change the tickets.  Thanks.

D

Aimee Lannou   01/31/2001 08:05 AM

To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Valero's February Gas Nominations

Daren - I am looking for 5.000/d at meter 1394 and 10.000/d at meter 8018 for
Feb.   Currently it is 10.000/d at 1394 and 5.000/d at 8018.  Can I change
the tickets or will you?  Attached is the confirmation spreadsheet from
Valero.

Thanks.

Aimee

---------------------- Forwarded by Aimee Lannou/HOU/ECT on 01/31/2001 07:54
AM ---------------------------

<DyckD@valero.com> on 01/30/2001 02:51:39 PM
To: alannou@enron.com, carlos.j.rodriguez@enron.com
cc:
Subject: Valero's February Gas Nominations

Amy and Carlos,

Please find attached Valero's baseload natural gas nominations and
designated swing supply quantities for February 1-31 for the Houston and
Texas City Refineries as well as Valero's supply to the Clearlake Methanol
plant.
If you need to reach me please call me.

Dave

Phone: (210) 370-2799
Cell phone at (210) 241-9180
Pager (888) 691-5538

(See attached file: HPL_Noms0201.xls)
 - HPL_Noms0201.xls


Please join Mark Fischer, Tom Alonso, and Elliot Mainzer for a bag lunch on
Monday, 2/12 at 12:00 pm in Mt Hood to learn more about available
opportunities on the floor.

If you have any questions, please let me know.

Thanks!
Amy


Sherri,

Thanks for trying. I shall recommend to UT that they should invite
Greg Whalley or Lou Pai.

Vince

	Enron North America Corp.

	From:  Sherri Sera @ ENRON                           10/17/2000 10:29 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Spring 2001 Conference Participation by Jeffrey K. Skilling

Vince, Jeff has decided to decline this speaking opportunity.  He is
scheduled to speak at a Leadership conference at UT on 2/16, so given his
time limitations, he wants to pass on this one.  Sorry to be the messenger of
bad news.  SRS

Vince J Kaminski@ECT
10/12/2000 04:57 PM
To: Sherri Sera/Corp/Enron@ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Richard Causey/Corp/Enron@ENRON

Subject: Re: Spring 2001 Conference Participation by Jeffrey K. Skilling

Sherri,

Any resolution of the scheduling conflict Jeff Skilling had for February the
22nd?
Our friends at UT are ready to make the reservations and send out invitations
to this conference

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/12/2000
05:00 PM ---------------------------

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 10/12/2000 10:12:56 AM
To: Richard.Causey@enron.com, Vince.J.Kaminski@enron.com
cc:
Subject: Re: Spring 2001 Conference Participation by Jeffrey K. Skilling

Rick / Vince:

Good morning.

Further to my discussions with Vince during his visit to the Energy Finance
Program yesterday, I write at this time to inquire whether Mr. Skilling's
assistant has been able to confirm his participation as 2/22/2001 keynote
speaker at our Conference.

With thanks for your intercession on our behalf,
Ehud Ronn

==============================================
     Ehud I. Ronn
     Professor of Finance and Jack S. Josey Professor in Energy Studies
     Director, Center for Energy Finance Education and Research
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


do you want me to save the info or not?

 -----Original Message-----
From: 	Baughman Jr., Don
Sent:	Wednesday, February 06, 2002 3:18 PM
To:	Imai, Rika
Subject:	RE: directories

Rika,

Looks good to me!

DB

 -----Original Message-----
From: 	Imai, Rika
Sent:	Wednesday, February 06, 2002 2:50 PM
To:	Bailey, Debra; Baughman Jr., Don
Subject:	RE: directories

Don,

Please determine if you want the following information

Rika
M:\Electric\Transmission

 -----Original Message-----
From: 	Bailey, Debra
Sent:	Wednesday, February 06, 2002 2:30 PM
To:	Furrow, Dale
Cc:	Will, Lloyd; Bentley, Corry; Imai, Rika
Subject:	directories

Dale,

I checked the following directories you requested in our meeting today.  See my notes below:

M:\Electric\Genco			All of the Genco files must stay with the estate
M:\Electric\NERC Reports		Rika Imai will move over to UBS
M:\Electric\Transmission		Rika Imai will move over to UBS
M:\eServices\Genco			All of the Genco files must stay with the estate
M:\Electric\MidMarket\Transmission Info
M:\Electric\MidMarket\Transmission Studies

The two tranmission folders in the MidMarkets directory are not ours.  We will not need them however, you may want to take a quick look to see if your organization will need the information.

Please let me know if you need me to check others for you.

Thanks.

Debra


Adriana please convert to Acrobat format and send back to me. This is the one
I presented yesterday at the Institute.

Thanks

Jose


Pls RSVP "no" if necessary.  Thanks.
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/06/2000
10:15 PM ---------------------------

"Rowena Mapile" <Rowena.Mapile@groupwise.swgas.com> on 02/04/2000 05:57:56 PM
To: Bill Cordes/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON,
gfastuca@enron.com, Julia White/ET&S/Enron@ENRON, mmcgowan@enron.com, Michel
Nelson/ET&S/Enron@ENRON, Rocky Jones/HOU/ECT@ECT, Steven
Harris/ET&S/Enron@ENRON
cc:

Subject: PCGA Workshop - Second Invitation

 - SEcond E-Mail to everyone.doc