Thank you Sally.   And, thank you again for giving me additional time off to
get acquainted with Emily.  Both of us appreciate it very much.
Dianne

	Enron North America Corp.

	From:  Sally Beck                           07/19/2000 04:16 PM

To: Dianne J Swiber/HOU/ECT@ECT
cc:
Subject: Re: It's true what they say...

Thanks for including me.  Congratulations on Emily.  I know that you and she
will be getting used to one another over the next few weeks, and that sleep
will definitely be a scarce commodity.  Those first few weeks can be both
wonderful and terrible at the same time.  Savor the baby stage as much as you
can, and before you know it Emily will be cooing and responding to you in a
way that makes all of the sleepless nights just melt away.  Enjoy your new
role as mom -- it is a wonderful, life-long experience!  --Sally

	From:  Dianne J Swiber                           07/19/2000 08:54 AM

To: Sally Beck/HOU/ECT@ECT
cc:
Subject: It's true what they say...

Sally,
I'm sorry I left you off my original note but I wanted you to know......
Dianne

...the third time is a charm.  After 2 failed adoptions, God has blessed me
with a beautiful daughter!  Emily Lyn was born on Saturday, July 8 at 11:18
am in San Antonio.  She weighed 7 lbs. and measured 19 inches.  She is so
tiny and has a head full of dark hair!  I brought her home last night at 8:30
pm.  Our first
night went well even if I didn't get any sleep.  It's going to take some time
for me to get used to the noises she makes.  I must admit, there were
days when I never thought this would happen.  I appreciate all the kind words
of encouragement many of you have shared over the last few years
as I have gone through this process, especially during the really low
points.  I am truly blessed.
I will be out of the office for a while but feel free to stay in touch as I'm
sure I'll be logging in often.  Also, if I left someone off the list here,
please have them forgive me.  Remember, I'm working on 0 sleep.  Please feel
free to pass this along to anyone I may have fogotten.  Thanks.
Dianne


Next Steps

Resumes 1/10/01 in WDC.  Enron will continue to attend.

In the Room

Reliant submitted its proposal for blended rates and determining the real gap
between a blended wholesale price and potential retail rates. Reliant showed
that the gap is potentially quite small.
Reliant's effort was to move us away from the "Sharing the Pain" concept
offered by PG&E.
Enron again requested utility ideas for a quid pro quo, assuming any deal
could be struck.
Judge requested additional info from ISO and PX on market shares -- several
marketers explained their concern (e.g. Morgan Stanley, Merrill Lynch,
Avista) that this request gave credence to the "Pain" allocation proposal and
refused to give permission to release their data.  Enron said it was checking
on whether to release the data, but had the same concerns as the other
marketers on the principles.
Judge decided to use a joint statement for his report (see attached) to the
public. The statement was agreed to, in large part, by the participants.
Judge mentioned that 40% of the A/S market is apparently held by three
municipal/alien utilities.
Judges order urges participation by these parties.

Out of the Room

More bilateral discussions between utilities and gens.
Marketers discuss whether to continue to stay in the room and participate.


Here are two documents per your request, Maureen - I was not sure which one
you wanted:

(See attached file: 5 Part Leadership Model_Fall 2000.doc)(See attached
file: Evaluations1.ppt)

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+
 - 5 Part Leadership Model_Fall 2000.doc
 - Evaluations1.ppt


The report named: Power West Price Off-Peak <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=31&report_name=Power+West+Price+Off-Peak&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/26/2001>, published as of 10/26/2001 is now available for viewing on the website.


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BUSINESS HIGHLIGHTS

Enron Global Markets
In a combined effort, Global Risk Markets (GRM), a unit of Enron Global Markets, and Southeast Power Origination, part of Enron Americas, closed Enron's first Contingent Call Outage Option in the 1st quarter 2001. The product was created to provide customers with a cost effective risk management tool to hedge against high commodity prices after experiencing an unplanned power generation outage.

The transaction was entered into with UtiliCorp United to manage its generation risk for summer 2001. This risk is associated with a forced outage of their largest coal unit during peak summer demand. The transaction, which was developed jointly with the Southeast Power group, highlights the benefits of cooperation between business units within Enron. GRM is working with a number of business units to integrate this risk management product into other Enron businesses to enhance value to our customers.  For additional information on the product, please call David Hoog in the New York office at 212 702 3920.

IN THE NEWS

WORTH Magazine Names the Top 50 CEO's
NEW YORK--(BUSINESS WIRE)--April 23, 2001--Fifty of the country's chief executive officers have been chosen by WORTH magazine as the top business leaders in the nation, it was announced by W. Randall Jones, CEO, Worth Media.
The third annual listing of CEO's by WORTH is determined based on each leaders "foresight, judgment, and competitive juice to make their investors happy." Rounding out the top 5 are the following best leaders:
1. Steve Ballmer, CEO, Microsoft   2. Jeffrey Skilling, CEO, Enron   3. Philip Purcell, CEO, Morgan Stanley   4. James Morgan, CEO, Applied Materials
5. Margaret Whitman, CEO, eBay
"We selected this year's list based on our belief in the CEO's ability to deliver long-term shareholder value," said Jones. "The real test is not to recognize past achievements but to be able to look back in five or ten years from now. As a matter of fact, some CEO's we've chosen haven't made money for share holders in the past few years, but we believe they are poised to do so now."  WORTH's methodology for selecting the 50 best CEO's strives to balance their possession of a vision with a demonstrated ability to execute under stress and when confronted by urgent challenges.

WELCOME
New Hires
EGM  - Chrishelle Berell, Paul Murray, Yong Yi
EIM   - Jeff Nutt
ENA  - Keegan Farrell

Transfers (to or within)
ENA - Joe Parks, Mike Purcell
EGM - Samuel Enochian

NUGGETS & NOTES

Travel Tip of the Week:  Book non-refundable tickets. Airlines typically allow unused non-refundable tickets to be applied towards subsequent travel. Even if you need to make a change at a rate of $100, in many cases the change fee plus the ticket price is still less than a refundable ticket.
	For example:  Houston to Washington, D.C.
	     Refundable:		$ 1,447
	     Non-refundable      	$    540

LEGAL STUFF
The information contained in this newsletter is confidential and proprietary to Enron Corp. and its subsidiaries.  It is intended for internal use only and should not be disclosed.


Cathy Van Way called asking my view on some names she'd been given to invite
to the hearing.  (I continue to cajole Jessie Knight to appear.)  During the
call, she mentioned that the committee intends to invite Steve Kean and that
she needed someone to email here Steve's vitals so that they could write a
letter inviting him.


Mark

Here is a draft of the memo I prepared to explain the Negative CTC assignment
issue.  Please review and let me know if this appropriate and I have included
the correct individuals on the distribution list.

Thanks for you help.

Elizabeth
36349


This is a Tom Alonso deal; and it's for heavy load, and since 12/31 is a
Sunday, the term will actually end on 12/30. I can change the end date in
deal entry if that makes things less complicated; but either way the deal
will end on the 30th. Please let me know.

Thanks,
Kate

Evelyn Metoyer@ENRON
12/01/2000 08:19 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal 470812

Deal 470812 traded 11-30-00
Mark Fischer
Prebon shows term as 12/4-12/31   ......we show 12/4-12/30


Per my lengthy e-mail yesterday, I am requesting the ability to hire Deirdre McCaffrey from the freight group to my new group.  Deirdre is top 5 on any list I would compile on employees I want in any group.  Jeanie Slone is preparing Deirdre's bio for your review.  Earlier in the year she worked for Hunter and I and wanted an opportunity outside of ENA to understand new product development.  She is currently in EGM and was the trader who developed and marketed their diesel product.

So, I need to ensure you are still green lighting the strategic asset group.  I am requesting the ability to bring over Deirdre.  I would like to bring her over as a director (ask anyone - she's there) and place her under a two year contract with ENA.  She is the caliber of Mike Curry and is amazingly rounded for origination - structuring, trading and customer.  Delainey and Janet have attempted to get her in EES consistently and Ed has already approached her about a move back to structuring.  Hunter and I have spoke with Deirdre and we are both strong on the bid.

Give me your thoughts.  I want to talk to Dan (her current supervisor) quickly.  She and I have been discussing this move for the last month and for the opportunity she is ready to make this move.

Laura


Sara:

1. Ms. Lewis' information does not appear to be in the lotus notes entry for
ECI-Bear that I have used for the past two weeks.  Re: lotus notes, however,
I certainly could be wrong. If you are certain, please point out or forward.

2.  You indicated in our meeting in my office that someone represented that
Bear does not need the standard accompanying documents to open the account.
As per my email request yesterday evening, can you confirm who determined
this (if it was not you) so that I know what is going on and what I can
represent in talking with the people at Bear?

Much thanx,

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693

	Sara Shackleton@ECT
	04/02/2001 05:09 PM

		 To: Cheryl Nelson/NA/ENRON@ENRON
		 cc:
		 Subject: Re: Enron Credit Inc.

Cheryl:

1. & 3.    You should verify wtih Cheryl Lewis whose information is in Lotus
Notes.  I do not have correct spelling of name or her fax number.

2.  Officers need to be confirmed through the Enron Corp. corporate
secretary's office.  See the separate email I just sent you.

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

	Cheryl Nelson@ENRON
	Sent by: Cheryl Nelson@ENRON
	04/02/2001 04:45 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Stephanie Panus/NA/Enron@Enron
		 Subject: Enron Credit Inc.

Sara, I have stopped by your office but you are not around.  Please provide
the following information/clarification in light of your conversations with
other folks:

1. We do not have to send Bear the Officers/Traders list and other documents
with the agreements to get things moving?

2.  If we do, then who do I contact or ask Richard Sage to contact to get
this information re: the correct slate of officers updated?  No one has
advised me of these steps.  And actually, if we have to do this, I would like
Stephanie to take the lead on finishing her work on this part of the project.

3. Re: this attorney Cheryl at Bear  that you have talked to -- what is her
full name, phone, and fax?

Thanx.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693


I am pleased to announce that Larry Davis has accepted the Gas Controller position effective February 16. Larry's field experience on NNG make him well qualified for this job. I am going to assign Larry to GC Team 2 with Rory, Helen, Rob and Ed at this time. thanks. sj


BL,

Have you experienced any blackouts yet?  I think you'll see a lot this summer.
What does everyone think about the situation?  Do they think it's a threat or
not?  I think
the state is in for a horrific summer - I hope it doesn't turn out that way,
but it'll be incredibly
difficult to avoid.

Hope everything's going well with work and with the family.  When's the next
time you'll
be in Dallas?  Let me know.

KR


We have put together the following list of issues for the request for
rehearing of the FERC's November 15 order.  We would appreciate your input
about whether to pursue these issues and we will still have to decide who
will write up the various issues (Alan, Bracewell, WPTF, or EPSA).  Requests
for rehearing are due on January 14, 2001.

We oppose doing away with the opportunity cost standard under the soft cap
and not establishing a standard of reasonable profit
$150 cap too low (is there any point in raising this issue again?)
Benchmarks for forward contracts - The FERC should clarify that it will not
be applying this to anything other than Cal IOU contracts.
The FERC should clarify its statement that "to the extent the IOUs' resources
exceed their load at various times, they are free to sell any surplus at
wholesale, pursuant to their Commission-filed rates schedules."  A literal
interpretation of this sentence will limit liquidity in the market and
prohibit the IOUs from taking advantage of spreads between where their
generation and load is located.  We don't care about the IOUs trading options
but we are concerned about less liquidity.
Commission's findings concerning exercise of market power (and PUC's request
for protective order) - This issue is a placeholder pending input from
Richard Sanders and Robin Gibbs.
We oppose the 27-month refund period
We oppose allowing the state a role in governance (WPTF)
The FERC should not have rejected Dynegy & Reliant complaint concerning being
paid the cost of cover for exports


Ehud,

We can meet for dinner on the 21st. Then you can visit with us on the 22nd
in the morning and have individual meetings. At 11:30 you can meet the entire
Research Group at our weekly lunch meeting. We can continue
individual meetings in the afternoon.

Please, make a reservation at Hyatt Regency Downtown or Double Tree
Downtown (there are several hotels with the same names).

Vince

"Ehud I. Ronn" <eronn@mail.utexas.edu> on 06/09/2000 02:01:09 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Re: Prospective 6/22 Houston Visit

Vince,

>June 22 works for me. Do you want to firm it up?
If it's not too late, I do.

I believe the "game plan" was for me to come in the previous evening.  If
you confirm the date, please advise at your convenience how you see the
6/21 - 6/22 schedule.

Best,
Ehud

==============================================
     Ehud I. Ronn
     Department of Finance
     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
=================================================


My only advice is to be very specific in their scope.  These guys run up
bills worse than anyone.

From: Carlos Sole@ENRON_DEVELOPMENT on 02/12/2001 10:02 AM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Illinois Projects Update

I briefly glanced at the PMRW update on the Illinois projects and what jumped
out at me was their indication that they'd be working with Andrews & Kurth on
the due diligence for Livingston and Kendall projects.  I presume this is a
mistake on their part as the reference should be to King & Spalding.  Before
they get started on their due diligence for us, they are waiting to get a fax
from me which I going to send this morningIand I will point that correction
them (presuming that my understanding is correct.)


The report named: East Position Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=2&report_name=East+Position+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=11/26/2001>, published as of 11/26/2001 is now available for viewing on the website.


NewBridge Partners Conference Call

Just wanted to remind you that we have arranged an exclusive opportunity for
you to attend a conference call with institutional portfolio manager, James
Cowperthwait this morning at 9am cst. Mr Cowperthwait is the Portfolio
Manager for the Newbridge Partners Large Cap Growth Portfolio. He will
discuss his outlook on the overall markets, and also leave some time at the
end of the call to answer a few questions. Following is the information you
will need to participate in this call:

Date:                         Tuesday, May 8
Time:                         9:00am CST

Phone #:                    888-689-9342

Pass Code:                15108# (For Moderator)
40337# (For Participants)

Play back #:               888-258-7854
Pass Code:                06490 (no pound sign)
Play back will be recorded for one week.

To help ensure the conference begins in a timely manner, they ask that we
dial in 5-10 minutes prior to the conference.

Sincerely,

Hank Emery
Financial Advisor
Emery Financial Group
UBS PaineWebber Incorporated
Houston, Texas
713-957-7060

Notice Regarding Entry of Orders and Instructions: Please
do not transmit orders and/or instructions regarding your
PaineWebber account(s) by e-mail. Orders and/or instructions
transmitted by e-mail will not be accepted by PaineWebber and
PaineWebber will not be responsible for carrying out such orders
and/or instructions.  Notice Regarding Privacy and Confidentiality:
PaineWebber reserves the right to monitor and review the content of
all e-mail communications sent and/or received by its employees.


When are these guys coming to Enron?

Thanks


congradulations

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Wednesday, January 16, 2002 3:32 PM
To: knipe3@msn.com; chet_fenner@bmc.com; c.r.zander@att.net;
bob@wollamgardens.com; Parks, Joe; PaulHeyburn@MehaffyWeber.com;
brianc@saltgrass.com
Subject: Chris McComb's baby boy is here

Chris and Angela McComb welcomed a healthy 7lb boy into there family last
night.

_________________________________________________________________
MSN Photos is the easiest way to share and print your photos:
http://photos.msn.com/support/worldwide.aspx


This information is helpful.  Is the draft of the PPA submitted by VEPCO
confidential?

Thanks,

Kay

"Duncan, Allyson" <aduncan@kilstock.com> on 09/19/2000 11:07:28 AM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>
cc:

Subject: RE: CPCN public information

The Application itself is public.  The testimony is public.  Without going
back through the material we have supplied (which I would be happy to do, if
you like), the primary material that was confidential was the cost data and
supporting work papers.  Also, the engineering plan we filed recently in
response to a data request was confidential.

Let me know if you would like me to walk back through it more specifically.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Tuesday, September 19, 2000 12:03 PM
To: aduncan@kilstock.com
Subject: CPCN public information

Hi Allyson,

Someone was asking which of the information we have filed is public
information.  Is the petition itself public?  What else would be public?

I know this is a variation to the "what is confidential" question. Once
again, your assistance is appreciated.

Kay


I am forwarding to you several e-mails received today regarding this
transaction.  We are going to send out another draft confirmation for this
commodity spread swaption.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/11/99 05:00
PM ---------------------------
Sean Black   10/11/99 11:42 AM

To: Dale Neuner/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT
cc: Chris Holmes/HOU/ECT@ECT
Subject: Spark Spread Confirmation

Dale/Bart/Sara,

We need to clean up the confirmation and any other legal information that
accompanies it (Bart/Sara, is the attached Omnibus T&Cs we proposed to use
standard documentation or are any revisions necessary prior to sending out to
CCSI?) so that we can send this out to CCSI for their review.

Looking at the confirmation, I see the following items that need to be
revised:

Trade date/Signing date - Not yet confirmed; will insert date the deal is
closed when it is known.
Need to specify which curve to look at in the Gas Daily Index (there is a low
high and a mid or average); we did not specify which one we would refer to
previously
Do we need to replace ECT with ENA throughout??
Catalytica should be Catalytica Combustion Systems (the subsidiary not the
parent)
Need to add in details about CCSI (name/title/payment account info etc.)

Sean - I will get the info for 5 from CCSI

Dale - Could you correct number 2, advise on number 3 and review the document
again to see if any other information is lacking that should be included?

Bart/Sara  - Could you advise about the details on the Omnibus (I have
misplaced any copy of this)  I thought there were some credit issues that
needed to be filled in at the bottom of this?

If anyone else could advise on other items that need to be addressed with
either the Confirmation and/or the Omnibus agreement, now is the time!

Regards,


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 05/09/2001
10:57 AM ---------------------------

"Rachel Haygood" <RHAYGOOD@Darbylaw.com> on 05/09/2001 09:43:38 AM
To: "Bridget Andriani" <BANDRIANI@Darbylaw.com>, "Kathleen Giorgi"
<KGIORGI@Darbylaw.com>, <MLEGNETTI@Darbylaw.com>, "Rita Murphy"
<RMURPHY@Darbylaw.com>, <tkuyken@enron.com>, <cynthiahibsch@msn.com>,
<mcrawford@russellstephens.com>
cc:
Subject: Fwd: FW: Careful what you write...

Received: from exchange.gscpartners.com ([216.213.79.61]) by darbylaw.com;
Wed, 09 May 2001 10:08:40 -0400
Received: by exchange.gscp2.com with Internet Mail Service (5.5.2653.19) id
<KKV2SQYR>; Wed, 9 May 2001 10:09:06 -0400
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From: " Kratish, Alison" <akratish@gscpartners.com>
To: "'rhaygood@darbylaw.com'" <rhaygood@darbylaw.com>
Subject: FW: Careful what you write...
Date: Wed, 9 May 2001 10:09:05 -0400
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2653.19)
Content-Type: text/plain; charset="iso-8859-1"

-----Original Message-----
From: Inglesby, Thomas V.
Sent: Wednesday, May 09, 2001 10:02 AM
To: Kratish, Alison
Subject: FW: Careful what you write...

A man enters his favorite ritzy restaurant and while sitting at his regular
table, he noticed a gorgeous woman sitting at a table nearby....all alone.
He calls the waiter over and asks for their most expensive bottle of Merlot
to be sent over to her - knowing that if she accepts it, she is his.

The waiter gets the bottle and quickly sends it over to the girl, saying
this from the gentleman. She looks at the wine and decides to send a note
over to the man.  The note read: "For me to accept this bottle, you need to
have a Mercedes in your garage, a million dollars in the bank, and 7 Inches
in your pants."

The man, after reading the note, sends one of his own back to her and it
read: "Just so you know - I  happen to have a Ferrari Testarosa, a BMW
850iL, and a Mercedes 560SEL in my garage; plus I have over twenty million
dollars in the bank. But, not even for a woman beautiful as you, would I cut
off
three inches.  Just send the bottle back."

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Dickstein Shapiro Morin & Oshinsky LLP
http://www.legalinnovators.com


----- Forwarded by Marcus Nettelton/NA/Enron on 05/08/2001 03:14 PM -----

	Oscar Dalton/ENRON@enronXgate
	05/08/2001 03:09 PM

		 To: Marcus Nettelton/NA/Enron@ENRON
		 cc:
		 Subject: RE: Consumers

Marcus,

I spoke with two of our schedulers and they inform me that it is ok to
utilize the term Eastern Prevailing Time to cover deliveries at MECS or Into
Cinergy.  There is no issue on a 16 hour block since.  The problem usually
happens when there is an off peak 8 hour block and there is confusion on the
hour extending into midnight.

 -----Original Message-----
From:  Nettelton, Marcus
Sent: Tuesday, May 08, 2001 12:49 PM
To: Dalton III, Oscar
Cc: Sager, Elizabeth
Subject: Consumers
Importance: High

Oscar

Attached is the latest draft with my comments and additional drafting. We
need to be certain that Kevin Presto is clear as to the Products and the
risks that we will be taking going forward.

In addition, as we discussed with Consumers this morning, from a scheduling
perspective, we need to be comfortable that the time limits will be as per
Eastern Prevailing Time and not Central Prevailing Time. If we are, then we
need to change the Into Cinergy definition in EEI to address this.

As part of managing this process, as you know my wife is expecting our first
child and with the due date having been passed I am on "baby alert" which
could mean me leaving at any minute. I have therefore started to copy
Elizabeth Sager on the negotiations and she, or another member of the team
will be in a position to start running with this, in the event that it is not
signed before I leave.

Regards,

Marcus
 << File: CECO.DFT8May.doc >>


Gentlemen,

Attached are the detailed backgrounds of Bruce Hale, Gene Dubay and Chris
Duhon as well as brief notes on three new potential candidates.  We are
actively recruiting additional candidates and believe we will have further
progress to discuss with you later this week.  We look forward to your
feedback.

 <<Dubay.doc>>  <<Duhon.doc>>  <<Hale.doc>>
The following are brief descriptions of three potential candidates who have
expressed initial interest and whom we are exploring further .

Bronson J. Haase
WICOR, Inc.
VP; President & CEO, Wisconsin Gas and WICOR Energy Services

BS Finance & Marketing from Marquette 1966.  31 year career in
telecommunications.  Started with Wisconsin Bell, ended as President,
Ameritech Wisconsin.  Functional telecommunications experience was in
general management and marketing (as President of Wisconson Bell's
unregulated subsidiary).  Two years as CEO of Wisconsin Gas which accounts
for 50-55% ($500 million) of WICOR total revenues.  May be displaced by
Wisconsin Energy's pending acquisition of Wisconsin Gas.  Age 49. Total cash
compensation is approximately $450,000.

Richard Hare
National Fuel Gas Company
President, National Fuel Gas Supply and Seneca Pipeline

Responsible for a natural gas transportation operation consisting of 3,000
miles of pipeline covering the region between southwestern Pennsylvania and
the Canadian border.  Age 60.  Approximate total cash compensation for 1998
was $370,000.

Conrad Gruber
Atmos Energy Corporation
President, Western Kentucky Gas

Reporting to the COO of Atmos, Gruber has full P&L responsibility for
Western Kentucky Gas (200,000 customers, $150 million in revenue - 20% of
Atmos total revenues).  Nine total years with Atmos.  Former SVP of
Technical Services with Greeley Gas, another Atmos subsidiary.  Eight years
with Entex (now part of Reliant Energy) prior to joining Atmos.  Functional
experience at Entex focused on marketing, engineering and operations.  BS,
University of Texas, 1983.  Gruber reports a base salary of $150,000 with a
50% bonus and stock options.

 - Dubay.doc
 - Duhon.doc
 - Hale.doc


FYI, no action requested at this time.

---------------------- Forwarded by Kay Mann/Corp/Enron on 09/21/2000 03:46
PM ---------------------------

"Shoemaker, Kent (GEAE)" <kent.shoemaker@ae.ge.com> on 09/08/2000 04:25:33 PM
To: "Johnson, Lee L (PS, SSEP)" <lee.johnson@ss.ps.ge.com>,
"'chris.booth@enron.com'" <chris.booth@enron.com>, "'kay.mann@enron.com'"
<kay.mann@enron.com>
cc:

Subject: Change Order #3

Lee, Chris and Kay:

Attached is a draft of the Change Order #3 for the Las Vegas Cogen project.
Kay, I will be in Houston on Monday through Wednesday afternoon, but will be
busy most of Tuesday.  Lee had hoped that we could get together, or at least
talk, about this and the facility agreement and payment for Change Order #2.
How is your late Monday afternoon looking?

Kent

 <<Amendment Number 3.doc>>


I understand that Sara and I will visit with you Monday about this project.
Attached are two updated forms of the equity swaps we have created thus far
for warrants and shares with public/private options, and language to cover
conversions of preferred, or rights to exercise warrants, that are not 1 to
1.  Additionally, I learned late Friday that the materials I sent to you by
fax last week are not the most current amendments to the Oconto Falls
transaction.  You will be receiving another fax Monday morning.

Enron North America Corp.
Mary Cook
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


The tie in line that TW built is not part of the deal.  We are modifying the
agreements to make that totally clear and I believe Rockey is going to talk
to Mary Ann Pearce to make sure there is no misunderstanding.  DF

Bob Burleson
07/28/2000 10:40 AM
To: Rockey Storie/ET&S/Enron@ENRON, Louis Soldano/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON
cc: Rich Jolly/ET&S/Enron@ENRON

Subject: FW: QUESTIONS AND REQUEST FOR INFORMATION

Thought I would pass this along, I had not heard for sure that this line was
part of the deal or not. We could make an argument that it is not part of the
12" line, but could be sold to them along with the conveyance of the 12"
line.

This line was constructed to tie the 12" line into the suction side of the
Maljamar compressor.  I don't think they would need this line for the
intended purpose of "low pressure gathering" to the inlet of there plant.
They may need it if they turn the line into residue service.  It would be
another interconnect with TW (although a redundant one).

Let me know if this line is included, and if we need to get her the ROW info.

Thanks, Bob
---------------------- Forwarded by Bob Burleson/ET&S/Enron on 07/28/2000
10:22 AM ---------------------------

"Orler, Sherri L." <Sherri.L.Orler@usa.conoco.com> on 07/28/2000 08:18:15 AM
To: "'bburleso@enron.com'" <bburleso@enron.com>
cc:

Subject: FW: QUESTIONS AND REQUEST FOR INFORMATION

I was in a meeting yesterday and found out that there is a 12" pipeline
located in the SW/4 Sec. 29 and SE/4 Sec. 30, T17S, R32E, Lea County, New
Mexico, that is part of the deal.  It is my understanding that this pipeline
was built by Transwestern a few years ago.  I did not see any right-of-way
agreements to cover this line when I was in your office this week.  Please
provide me with the right-of-way documentation to cover this pipeline.

If you have any questions, please call me at 281-293-2165.  I would
appreciate receiving this information as soon as possible.

Thanks!!!!!!!!!!!!

Sherri Orler

> -----Original Message-----
> From: Orler, Sherri L.
> Sent: Thursday, July 27, 2000 1:18 PM
> To: 'bburleso@enron.com'
> Cc: Chamblee, Chris J.
> Subject: QUESTIONS AND REQUEST FOR INFORMATION
>
> Attached is a Question Request Form.  This are in addition to the three
> questions that I filled out request forms for yesterday.
>
>  <<Enron Question Request Form.doc>>
>
> Thanks for your help.
>
>
>
> Sherri Orler
> Senior Analyst
> NG&GP Business Services - Gas Products
> ETN 639-2165
>
>

 - Enron Question Request Form.doc


Thanks.  I am glad everything is going well with the newlyweds.  Debbie and I
share some Astros tickets with some other people.  Don't know if you are an
Astros fan but we would love to have you and Ann join us at one of the games.

We miss you on Saturdays.  I am getting better.  94 last week with three
triple bogeys.  I can feel an 89 in the not too distant future.

Stay in touch.

Larry Davis <LDAVIS@stewart.com> on 04/26/2001 01:03:08 PM
To: "Stan Horton (E-mail)" <stanley.horton@enron.com>
cc:

Subject:

Just thought I'd drop you a quick email and say Hi.  I hope you and your
family are doing well.  Take care.


i'm not a big prince fan - she might want to though

Brian Hoskins@ENRON COMMUNICATIONS
11/17/2000 09:12 AM
To: Eric Bass/HOU/ECT@ECT@ENRON
cc:
Subject: Re: Keneally's

sure.

do you and Shanna want to go to the Prince concert?  Tickets go on sale
tomorrow.

Brian T. Hoskins
Enron Broadband Services
713-853-0380 (office)
713-412-3667 (mobile)
713-646-5745 (fax)
Brian_Hoskins@enron.net

	Eric Bass@ECT
	11/17/00 08:30 AM

		 To: Shanna Husser/HOU/EES@EES, Timothy Blanchard/HOU/EES@EES, Matthew
Lenhart/HOU/ECT@ECT, Chad Landry/HOU/ECT@ECT, Bryan Hull/HOU/ECT@ECT, Brian
Hoskins/Enron Communications@Enron Communications, Hector Campos/HOU/ECT@ECT,
Luis Mena/NA/Enron@Enron, Lisa Gillette/HOU/ECT@ECT, Christa
Winfrey/HOU/ECT@ECT
		 cc:
		 Subject: Keneally's

Anyone up for Keneally's after work today?


For comment, etc.

Thanks,

Kay


Just talk to Hunter about the transition.  I'll call Steve Horn if you'd
like.  Jeff

Massimo Marolo@ENRON
11/06/2000 10:41 AM
To: Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Rotation

Jeff,

HTC got back to me saying that they are interested in having me rotate to
their group. They want me to schedule a brief meeting with Steve Horn to let
him know that I will be the next Enron person over there. My only concern is
that they would like me to get there a bit earlier than scheduled (probably
around 15 to 30 days before). I am extremely interested in this rotation but
hope that transferring early does not create any problems. Do you have any
suggestions on how I might tackle this issue?

Thank you so much for everything

Massimo


Please find attached the GA Weekly West Update.  Please contact me with any
comments, suggestions or questions.  Thanks.

Marcie


I saw something on the intranet which says you can check all your benefits,
etc , including vacation time.  It called for a password.  Did you receive a
password for yours?  I wonder if it is the same as the password when you
submit benefits.  Any ideas?

ckm

From: Suzanne Adams@ECT on 09/05/2000 10:37 AM
To: Becky Tlucek/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron

Subject: C. Kay Mann

Becky, could you run a time off report so Kay can see how much vacation time
she has left.  I don't believe I can do that for her.  You can just send it
to me, or whatever is easier.  Thanks, Suz


4.66 offer  --  Currency is helping, but the NYMEX is not agreeing.

Jon

-----Original Message-----
From: Mann, Greg
Sent: Wednesday, August 15, 2001 6:35 AM
To: Mckay, Jonathan
Subject:

Good morning Jon,

Would you please provide me a live price on the following deal.  thanks much gmann

Deal Start Date:	 01-Oct-01
Deal End Date:	 01-Oct-02
Term Duration (months):	 12

Fuel Rate %:	 1.5610%

 	 Month	 Rate 11 Volume

 	 January	 1,318
 	 February	 1,002
 	 March	 872
 	 April	 482
 	 May	 309
 	 June	 164
 	 July	 185
 	 August	 189
 	 September	 314
Start Month	 October	 506
 	 November	 856
 	 December	 1,198

 	 TOTAL:	 7,395
Greg Mann
Sales Manager
(403) 663-2817
fax: (403) 663-2899
greg.mann@enron.com <mailto:greg.mann@enron.com>


---------------------- Forwarded by John Arnold/HOU/ECT on 08/17/2000 02:20
PM ---------------------------

08/17/2000 02:12 PM
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
08/17/2000 02:12 PM
08/17/2000 02:12 PM
To: Jeffrey A Shankman/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT
cc:
Subject: FW: Bumping into the husband....

This is too funny.

-Bren

 - hyundai.mpeg


John,

Please, take a look at this resume.
One complicating factor: this person is under freeze (EI employee).

Vince


I am having Lloyd Will review.

 -----Original Message-----
From: 	Killen, Faith
Sent:	Monday, October 01, 2001 7:39 PM
To:	Presto, Kevin M.; Belden, Tim
Cc:	Kitchen, Louise; Colwell, Wes; Perlman, Beth
Subject:	2002 IT Systems Development  Allocations
Importance:	High

Kevin & Tim,
Please review the attached listing and advise if you agree to the projects and amounts listed as billings that Enron North America will receive in 2002 for support of these efforts. I'm at x30352 if you have any questions. Thanks!

 << File: Power Projects.xls >>


cooper,

what's up man?  just thinking about you. where you living these days
Canada?  i just heard on the news Enron isn't doing so well, what
happened?  oh boy.

PGH is working out pretty well, a few problems, more later.

Etan


Ben and Kay

Project is Eletrobolt.   ESA has had GE send the stacks for the Electrobolt
LM6000 back to Braden for modifications necessary for Eletrobolt and there
are a couple other changes.

I need to prepare an amendment cover those changes as well a capture the in
and out costs related to the Eletrobolt units.  Matt T told me that Ben
signed out a letter prepared by Kay addressing an agreement related to
storage of the units that was different from the 24 pack base contract.  Matt
says he does not have the letter.

I would be very helpful if I could have a copy of the letter so I understand
the changes so I do not upset the prior deal. Once I have the amendment
prepared in addition to the Eletrobolt team review, I would like to bounce
off Ben and Kay to ensure I have not harm to other aspects of the 24 pack
purchase.

Thanks


---------------------- Forwarded by Darron C Giron/HOU/ECT on 03/01/2001
10:54 AM ---------------------------

Tara Sweitzer
03/01/2001 10:53 AM
To: Darron C Giron/HOU/ECT@ECT, Torrey Moorer/HOU/ECT@ECT
cc:
Subject: Physical RMT Deals

Darron,

Could you make sure that these seven deals are changed in Tagg to ENA I would
really appreciate it.  Thanks for all of your help with these specific
deals.  Also, if you could let me know when they are corrected, I will let
Bob Bowen know.  Thanks TARA

Please change to ENA instead of Riskmantra:
QL0460
QM6735
QM3739
QN0626
QN7938
QN7939
QO1412

---------------------- Forwarded by Tara Sweitzer/HOU/ECT on 03/01/2001 08:54
AM ---------------------------

From:  Torrey Moorer
   03/01/2001 10:07 AM

To: Tara Sweitzer/HOU/ECT@ECT
cc:
Subject: Physical RMT Deals

---------------------- Forwarded by Torrey Moorer/HOU/ECT on 03/01/2001 10:08
AM ---------------------------

Bob Bowen
03/01/2001 09:49 AM
To: Torrey Moorer/HOU/ECT@ECT
cc:
Subject: Physical RMT Deals

Here is the list of the physical RMT deals still remaining in TAGG:

QL0460
QM6735
QM3739
QN0626
QN7938
QN7939
QO1412

Thanks for your help.


Today we released additional information about our related party and off-balance sheet transactions.  We have made this information available both on our website and in a Form 8-K filing with the Securities and Exchange Commission (SEC).

The information provides further details about:

	-- the $1.2 billion charge to shareholders' equity announced in the third quarter and the transactions related to that charge;
	-- a restatement of prior years' financial statements to reflect this reduction in shareholders' equity, the consolidation of     three entities and prior year proposed audit adjustments and reclassifications;
	-- the Special Committee appointed by the Enron Board of Directors to review transactions between Enron and related parties;
	-- the LJM limited partnerships, including a discussion of transactions between Enron and LJM entities; and
	-- transactions between Enron and other Enron employees.

This information addresses a number of concerns that have been raised by our shareholders and the SEC.  As our Board's new Special Committee continues its review of various matters, we will continue to cooperate fully with the SEC in its investigation, and we will continue to respond to investor requests so that they can evaluate, appreciate and appropriately value the strength of our core businesses.

Restatement of Earnings

Based on information that we have recently obtained, Enron and its auditors determined that certain off-balance sheet entities should have been included in Enron's consolidated financial statements pursuant to generally accepted accounting principles.  As a result, Enron will restate its financial statements from 1997 to 2000 and for the first and second quarters of 2001.  These restatements have no material effect on Enron's current financial position.  Here are some details included in the filing:

Net income for each period will be impacted by the retroactive consolidation of Joint Energy Development Investments (JEDI) and Chewco beginning in November 1997, the consolidation of an LJM1 subsidiary for 1999 and 2000 and prior year proposed audit adjustments.  Enron's current assessment indicates that the restatement will include:

	-- a reduction of approximately $96 million in 1997
	-- a reduction of approximately $113 million in 1998
	-- a reduction of approximately $250 million in 1999
	-- a reduction of approximately $132 million in 2000
	-- an increase of approximately $17 million for the first quarter of 2001
	-- an increase of approximately $5 million for the second quarter of 2001
	-- a reduction of $17 million for the third quarter of 2001.

The consolidation of JEDI and Chewco also will increase Enron's debt by approximately $711 million in 1997, $561 million in 1998, $685 million in 1999 and $628 million in 2000.

The restatement will have no material impact on Enron's reported earnings for the nine-month period ending September 2001.

You can obtain more detailed information on the items described above by accessing the Form 8-K filing at <http://www.enron.com/corp/sec/>.

We will continue to review our strategic, operational and financial position, and we will continue to keep you updated on any developments.


Rhett:

I am negotiating with First Union National Bank (Party B below).  Is the
following rep OK?

"Party B is a national banking association organized under the laws of the
United States of America and is treated as a corporation for United States
tax purposes."

Why does the bank see the need for the latter clause?

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


Hi Mom -
I got your e-mail yesterday.  Shanna wasn't offended by your poignant
political comments, she just knows, in no uncerain terms, that your are
Republican and are going to vote for Bush.

Disregard the bills that your recieve from Blockbuster.  I will pay the late
fee the next time I rent a movie.

How are things otherwise?

-E

"K. Bass" <daphneco64@bigplanet.com> on 10/03/2000 10:15:01 AM
Please respond to "K. Bass" <daphneco64@bigplanet.com>
To: Eric Bass <Eric.Bass@enron.com>
cc:
Subject:

Good Morning, Eric-
?
I assume you received my message yesterday but were  too busy to respond.?
That's o.k.? As a postscript though, I bought  your Dad a new Marine
sweatshirt so you can keep the other one.? And, I got  another bill from
Blockbuster for late fees.? Perhaps it would be best if  you get your own
account.? Have a wonderful day.   LU-M


Have you done deals in the UK and France that we should use as our model?
---------------------- Forwarded by Tana Jones/HOU/ECT on 08/20/99 01:02 PM
---------------------------

Stewart Peter
08/20/99 11:35 AM
To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Re: Weather Info

you should have the UK and Fance already cia the deals done and the Norway
data was mailed to steve tuesday.

If you dont please let me know what you need via email tonite and You will
have it when you get in on monday

stew


Thought  you might enjoy!  How was your day?  ENE just cant seem to stay up.  Two down days in a row!  I have Jarrod tonight since Joan & Dave are out of town.  Might try and go play poker if Josh will watch Jarrod for me.

Have a good evening!
	Swig
---------------------- Forwarded by Jim Schwieger/HOU/ECT on 03/28/2001 04:17 PM ---------------------------

"Mark or Linda Woita" <mwoita@qwest.net> on 03/28/2001 08:26:17 AM
To:	"Chris Bruner \(E-mail\)" <christopher.bruner@motorola.com>, "David & Kathleen Bruner \(E-mail\)" <bruners@uswest.net>, "Elizabeth Forman \(E-mail\)" <lzzylou8@juno.com>, "Kyle Moeller \(E-mail\)" <misterpiccalo@hotmail.com>, "Tracy Forman \(E-mail\)" <softballgirl_23@yahoo.com>, "Cory & Michelle Ponder \(E-mail\)" <corey-ponder@ouhsc.edu>, "Helen Schwieger \(E-mail\)" <helenswig@aol.com>, "Jeff & Donna Smith \(E-mail\)" <jjjsmd@aol.com>, "Jim Schwieger \(E-mail 2\)" <goldswiger@aol.com>, "Jim Schwieger \(E-mail\)" <Jim.Schwieger@enron.com>, "Linda Woita \(E-mail\)" <mwoita@home.com>, "Mark Woita \(E-mail\)" <mark.woita@fhlbtopeka.com>, "Denny & Maureen Boro \(E-mail\)" <MaurDen@RConnect.com>, "Don & Janelle McNemar \(E-mail\)" <dmcnemar@juno.com>, "Gary & Marlyss Forman \(E-mail\)" <GJForman@Juno.com>, "Gladyce Woita-Lee \(E-mail\)" <gwlee@mymailstation.com>, "Jim & Sandy Bruner \(E-mail\)" <SJBruner@worldnet.att.net>, "Lyle & Patti Woita \(E-mail\)" <wpatti0205@aol.com>
cc:
Subject:	mad cow disease

:)
 - madcow.doc


Cindy,

In order to quantify some empirical deliverables to assess Enron's management capabilities of retaining top performers and removing lower tiered performers, this sub-committee has outlined the following assignments to be completed for EBS, ENA, ETS, Enron Europe and Enron Corp. by the May 14 meeting:

?	Using year-end PRC results, get the composition of the number of individuals per performance category, disaggregated between commercial and commercial support
?	Assuming that these individuals are in the same PRC categories, assessment of the number of individuals retained per performance category as of May, 2001
?	For the employees that left a particular business unit, was the discharge involuntary or voluntary (left to another firm or another Enron business unit)

By gathering this empirical evidence, this Management Sub-committee can address the following questions :

?	How effective were Enron managers in removing lower tiered (Needs Improvement/Issues) employees?
?	Did lower tiered performers reallocate themselves to other business units (i.e.., reaffirming the myth that there is a subset of employees that exist "below the radar screen" and consistently job - hop)?
?	Have Enron managers successfully retained top performers from the 2000 PRC process?

Other questions that we would like to answer, but will be limited by existing PRC historical ratings are:

?	For those individuals rated Satisfactory and below, what have been their performance ratings in the past?
?	How many Superior or Excellent candidates have left over the past five years?

We wanted to send this email to highlight the need to acquire this PRC data quickly from our human relations representatives.  We wish to acquire the data in aggregate form, separated by performance category, work function (commercial vs. commercial support) and voluntary or involuntary egress from Enron.  The responsibility for acquiring this information by each Enron business unit is as follows :

?	ENA - Jean Mrha
?	ETS - Shelley Corman
?	EBS - Kelly Kimberly
?	Enron Europe - Richard Lewis
?	Enron Corp. - Gregory Adams

If you have any questions, please do not hesitate to contact me.

Regards,

Jean


Tammi,

I called Southern Co and they are working on what a demand charge they would
like to provide 10 day peaking service.  They mentioned that they looked at
it last year and the price they were being offered was less than if they
released the capacity as baseload for the entire year (which they did).

John, can you find out what they did the release for?

So Co will be back at us next week.


How nice it would be if EVERYONE (including me?) stopped using reply to all.
PLEASE STOP USING REPLY TO ALL!!!!!!!!!!!

You were told in the note note below how to remove yourself from the list
without sending it to a long list of people who have absolutely no interest
in knowing whether or not you are on the list or want to be removed from the
list.
   ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
   Gerry Garnett    gerry.garnett@bchydro.bc.ca
<mailto:gerry.garnett@bchydro.bc.ca>       B C Hydro
        Manager, Network Operation Services         at  Burnaby Mountain
                 *  c/o 6911 Southpoint Drive, Burnaby, B.C.  V3N 4X8
                               *  (604) 473-2726       Fax: (604) 473-2722

----------
From:  Margaret Schaff [SMTP:mschaff@WORLDNET.ATT.NET]
Sent:  Wednesday, May 16, 2001 7:11 AM
To:  RRGA-L@LIST.RTOWEST.ORG

Sarah,
I'll still remain on the RRG and other lists even if I get off this one,
right?  Or is this the new official list.....
Thanks
Margie

----- Original Message -----
From: "Sarah Dennison-Leonard" <sdleonard@EARTHLINK.NET>
To: <RRGA-L@LIST.RTOWEST.ORG>
Sent: Tuesday, May 15, 2001 6:29 PM

> To get off the list, please send an e-mail to: LISTSERV@LIST.RTOWEST.ORG
and
> in the subject line, please put "SIGNOFF RRGA-L"
>
> Thank you!
>
> - Sarah
>
> ----- Original Message -----
> From: "Pyburn, Jack R." <jack.pyburn@MIRANT.COM>
> To: <RRGA-L@LIST.RTOWEST.ORG>
> Sent: Tuesday, May 15, 2001 5:11 PM
>
>
> > I'm not sure how I got on this list, but I'd like to be deleted.
Thanks!
> >
> > Jack Pyburn, Jr.
> > Mirant Americas Energy Marketing, LP
> > 1155 Perimeter Center West
> > Atlanta, GA  30338
> > Phone: 678-579-7443
> > Fax:     678-579-7303
> > Cell:     678-488-0660
> > Email:  Jack.Pyburn@Mirant.com
> >
> >
> > -----Original Message-----
> > From: Dalia, Keith A - TOS-DITT1 [mailto:kadalia@BPA.GOV]
> > Sent: Tuesday, May 15, 2001 7:40 PM
> > To: RRGA-L@LIST.RTOWEST.ORG
> > Subject:
> >
> >
> > You have been added to the RRGA-L mailing list (RTO West Congestion
Model
> > Content Group) by Keith Dalia <kadalia@BPA.GOV>.
> >
> > Please save this message for future  reference, especially if this is
the
> > first time you subscribe to an  electronic mailing list. If you ever
need
> > to  leave the  list,  you  will find  the  necessary instructions
below.
> > Perhaps  more importantly,  saving a  copy of  this message  (and of
all
> > future subscription notices  from other mailing lists) in  a special
mail
> > folder will give you instant access to the list of mailing lists that
you
> > are subscribed  to. This may  prove very useful the  next time you  go
on
> > vacation and  need to leave  the lists temporarily so  as not to  fill
up
> > your  mailbox while  you  are away!  You should  also  save the
"welcome
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> >
> > To send  a message to  all the people  currently subscribed to  the
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mail
> > to the  list", because  you send  mail to a  single address  and
LISTSERV
> > makes  copies  for all  the  people  who  have subscribed.  This
address
> > (RRGA-L@LIST.RTOWEST.ORG)  is also  called the  "list address".  You
must
> > never try to send any command to that address, as it would be
distributed
> > to all the people  who have subscribed. All commands must  be sent to
the
> > "LISTSERV  address",   LISTSERV@LIST.RTOWEST.ORG.  It   is  very
> > important to understand  the difference between the  two, but
fortunately
> > it is  not complicated. The  LISTSERV address is  like a FAX  number
that
> > connects you  to a  machine, whereas  the list address  is like  a
normal
> > voice line connecting you to a person. If you make a mistake and dial
the
> > FAX number  when you  wanted to talk  to someone on  the phone,  you
will
> > quickly realize  that you used the  wrong number and call  again. No
harm
> > will have been done. If on the  other hand you accidentally make your
FAX
> > call  someone's  voice  line,  the  person receiving  the  call  will
be
> > inconvenienced, especially if your FAX then re-dials every 5 minutes.
The
> > fact that  most people  will eventually  connect the  FAX machine  to
the
> > voice line to  allow the FAX to  go through and make the  calls stop
does
> > not mean  that you  should continue  to send FAXes  to the  voice
number.
> > People would just get mad at you.  It works pretty much the same way
with
> > mailing  lists, with  the difference  that  you are  calling hundreds
or
> > thousands of people  at the same time, and consequently  you can expect
a
> > lot of people to get upset if  you consistently send commands to the
list
> > address.
> >
> > You may leave the list at any  time by sending a "SIGNOFF RRGA-L"
command
> > to LISTSERV@LIST.RTOWEST.ORG. You can also tell LISTSERV how you
> > want it to confirm  the receipt of messages you send to  the list. If
you
> > do not trust  the system, send a "SET RRGA-L  REPRO" command and
LISTSERV
> > will send you a  copy of your own messages, so that you  can see that
the
> > message was distributed and did not get damaged on the way. After a
while
> > you  may find  that this  is getting  annoying, especially  if your
mail
> > program does not  tell you that the  message is from you  when it
informs
> > you that new mail has arrived from  RRGA-L. If you send a "SET RRGA-L
ACK
> > NOREPRO" command, LISTSERV will mail you a short acknowledgement
instead,
> > which  will look  different in  your  mailbox directory.  With most
mail
> > programs you  will know immediately  that this is an  acknowledgement
you
> > can read  later. Finally,  you can  turn off  acknowledgements
completely
> > with "SET RRGA-L NOACK NOREPRO".
> >
> > Following  instructions from  the list  owner, your  subscription
options
> > have been set to "NOFILES REPRO" rather than the usual LISTSERV
defaults.
> > For more  information about subscription  options, send a  "QUERY
RRGA-L"
> > command to LISTSERV@LIST.RTOWEST.ORG.
> >
> > Contributions sent to this list are automatically archived. You can get
a
> > list of the available archive files  by sending an "INDEX RRGA-L"
command
> > to  LISTSERV@LIST.RTOWEST.ORG. You  can then  order these  files
> > with a "GET RRGA-L LOGxxxx"  command, or using LISTSERV's database
search
> > facilities. Send an  "INFO DATABASE" command for more  information on
the
> > latter.
> >
> > This  list is  available  in digest  form.  If you  wish  to receive
the
> > digested version of the postings, just issue a SET RRGA-L DIGEST
command.
> >
> > Please note that  it is presently possible for other  people to
determine
> > that  you are  signed up  to the  list through  the use  of the
"REVIEW"
> > command,  which  returns   the  e-mail  address  and  name   of  all
the
> > subscribers. If  you do not  want your name to  be visible, just  issue
a
> > "SET RRGA-L CONCEAL" command.
> >
> > More  information on  LISTSERV  commands  can be  found  in the
LISTSERV
> > reference  card, which  you can  retrieve  by sending  an "INFO
REFCARD"
> > command to LISTSERV@LIST.RTOWEST.ORG.
>


Well, the origination tickets are up for grabs if you want them. I have been
informed by Mollie, Oh Holy Keeper of the Tickets, that you must, and I
quote, "come over here and beg me" if you want to procure free seats to
tonight's game.

The ball is now in your court. I'd suggest driving down the middle, faking to
the left, butt-kissing to the right, and taking it straight to the hole for a
slam dunk. Good luck!

Kate "Nothin' But Net" Symes


Jay,

Do we have an answer for this?
 -----Original Message-----
From: 	Staab, Theresa
Sent:	Tuesday, October 23, 2001 3:11 PM
To:	Adams, Jacqueline P.; Reitmeyer, Jay; Mendel, Shelly; 'sscott5@enron.com'; Lucci, Paul T.; Felling, Amy
Subject:	FW: Wyoming Interstate Company (WIC) Maintenance

Jackie, Shelly,

Would you call Adele and see if and/or how much our Medicine Bow capacity will be affected for the 30th?
We will have to make sure and sell the difference at Glenrock into KN.

Thanks.
Theresa

 -----Original Message-----
From: 	Schlecht, Dinah
Sent:	Tuesday, October 23, 2001 2:21 PM
To:	Sitter, Scott; Serrano, Walt; Fresquez, Rick; Wiederholt, Barry; Rafter, Mick
Cc:	Kim Thomas (E-mail); Staab, Theresa; Jyl Baumann (E-mail)
Subject:	Wyoming Interstate Company (WIC) Maintenance

One unit at the Douglas Station on WIC will be out of service October 30, 2001 for approximately 8 hours.  Throughput for this period will be reduced to a rate of about 360 MMcf/d with a total daily throughput estimated at 450 MMCf/d.

As this will directly effect all gas coming out of the Powder River, please contact your marketer directly as to how much gas they will be able to deliver into WIC on that day.  Allocations will be based on WIC allocation methods.

Dinah L. Schlecht
Sr. Market Services Rep.
Bear Paw Energy
720-946-3694 (work)
720-530-7758 (cell)


Kim,
       I would like to look further into getting onto the MOD Board.  Any suggestions on what to do?  Thanks.

Dan


Steve:

Would it be possible for you to participate by phone?

Jeff

	Steve Van Hooser
	10/31/2000 10:35 AM

		 To: Barbara Gray, Jeffrey T Hodge/HOU/ECT@ECT
		 cc:
		 Subject: East & Upstream Origination/Gas Trading - QLR Scheduled for 11/8/00

There will be a Rockhouse (LINED ROCK CAVERN) meeting on  November 20 & 21in
New York City.   I would appreciate your feedback on whether I should ask
Janette to try and find another time.

Steve
----- Forwarded by Steve Van Hooser/HOU/ECT on 10/31/2000 10:32 AM -----

	Janette Elbertson
	10/31/2000 09:58 AM

		 To: Barbara N Gray/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Shonnie
Daniel/HOU/ECT@ECT, Steve Van Hooser/HOU/ECT@ECT, Stuart Zisman/HOU/ECT@ECT
		 cc:
		 Subject: East & Upstream Origination/Gas Trading - QLR Scheduled for 11/8/00

The Quarterly Legal Review for East & Upstream Origination/Gas needs to be
rescheduled to another day and time.  Please let me know if Tuesday, November
21, from 2:00 to 4:00 p.m. works with your calendars.  Many thanks.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


If you would like to participate in the Katy Flatlands ride on Sunday, July 22, please fill out the attached and return to me no later than Thursday, June 28.  I'm located at EB2365c.  Thanks!

Steph :  )


When he took on Stand Up for Steel as a client, he checked with us.  We gave
him a client waiver.

	Lisa Yoho@ENRON_DEVELOPMENT
	06/07/2001 02:13 PM

		 To: Richard Shapiro/NA/Enron@Enron, Linda Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Re: Frontrunner 6/7/01 -- Sec. 201

Note 3rd para - why is Ed Gillespie lobbying directly against our steel
interests?   Lisa

	Larry Decker
	06/07/2001 09:44 AM

		 To: Linda Robertson/NA/Enron@ENRON, Lisa Yoho/NA/Enron@Enron, Chris
Long/Corp/Enron@ENRON
		 cc:
		 Subject: Frontrunner 6/7/01 -- Sec. 201

Administration's Stance On Steel Imports Seen As Protectionist.  The Wall
Street Journal (6/7, Phillips, Wonacott) reports, "For all his talk about
free trade, President Bush's step toward blocking some steel imports signals
that the Republicans will be every bit as protectionist as the Democrats,
trade analysts said.  U.S. Trade Rep. Robert Zoellick, usually a classic
free-trader, said Wednesday -- while in China preaching the benefits of
opening markets -- that foreign steelmakers were selling their products below
cost to gain market share in the U.S.  The administration, nonetheless, acted
under a trade law that doesn't require it to prove such dumping took place.'
At a time of economic slowdown in all our countries, there are going to be
increasing pressures' for protectionism, Mr. Zoellick acknowledged.  In
keeping with World Trade Organization rules, he said, 'the U.S. will act to
safeguard and protect its own economic interests.'"  The Journal adds that
"trade analysts and foreign steel producers said the decision proves that
domestic politics always trumps free-market philosophy."

       Steel State Senators Pleased By Bush Action.  The Charleston Daily
Mail (6/7, Fischer) reports, "In pressing for an investigation that could
result in restrictions in steel imports, President George Bush kept a
campaign promise but could curiously counter his reputation as a free trader
just as he prepares his first trip to Europe."  The Daily Mail adds, "A group
of steel-state senators were pleased Tuesday afternoon, but quickly and
soberly acknowledged that initiation of the trade case is only the
beginning."  The senators included Jay Rockefeller, Arlen Specter, and Robert
Byrd.

       Gillespie, Weber Lobbying Seen As Key To US Steel Companies' Victory.
The Washington Post (6/7, E1, Edsall, Blustein) Reports, "In persuading
President Bush, a self-proclaimed free trader, to take steps this week aimed
at restricting imports of steel, lobbyists for the U.S. steel industry used
the threat that thousands of retired steelworkers in key states would lose
their health insurance if their companies closed.  The specter of an uprising
by steel retirees, who substantially outnumber active steelworkers, provided
a potent political argument for the industry's case that Bush should take
drastic action to protect U.S. steel companies from a worldwide glut even at
the cost of tarnishing his free-trade image.  The argument was advanced by
two top Republican lobbyists, Edward W. Gillespie and Vin Weber, each of whom
has been receiving $45,000 a month from an industry-union coalition called
Stand Up for Steel.  The coalition scored a smashing victory Tuesday, when
Bush announced that his administration will file a case with the U.S.
International Trade Commission seeking to win authority to set quotas on
steel imports.  And although many factors went into the White House's
decision, industry sources and other participants pointed to the concerns
raised by Gillespie and Weber as a classic demonstration of how a highly
motivated constituency can sway an administration that barely won the
electoral college and lost the popular vote."


Don/Lloyd,

Fyi,  Please advise.

Thanks,
Johnny

 -----Original Message-----
From: 	Michael Byrne <MichaelB@acespower.com>@ENRON [mailto:IMCEANOTES-Michael+20Byrne+20+3CMichaelB+40acespower+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Thursday, June 07, 2001 3:29 PM
To:	Palmer, Johnny
Cc:	Kevin Presto (E-mail)
Subject:	Your Offer.

John and Kevin,

I have carefully reviewed your offer and worked the numbers several times to
compare ENRON and ACES.  With my raise, my salary and annual bonus is raised
to a point that makes your offer just not quite enough.  Add in the cost of
living increase for Houston and I would be behind the curve.  I have worked
the numbers and in order to be fair I would need $87,000 in base salary
along with the $10,000 signing bonus as well as at least 3 months severance
pay in case things do not work out.  I mention this because the annual bonus
is subjective and may or may not happen.  If you feel that this is
excessive, I understand.  I will be worth the extra money, especially after
this summer.  I will be learning to trade PJM, NYPP, and MAAC.  I will also
have the opportunity to deal more with SERC and FRCC as well.  I am willing
to consider your reply to this and will be able for discussion tomorrow
evening.  I will mail back this counter offer as well.

Thank you for the opportunity and I look forward to speaking with you soon.

Michael J. Byrne
ACES Power Marketing.


Conroe 936-856-1561


Start Date: 1/27/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012720.txt


-----Original Message-----
From: 	dbmcvick@srpnet.com@ENRON [mailto:IMCEANOTES-dbmcvick+40srpnet+2Ecom+40ENRON@ENRON.com]
Sent:	Friday, September 14, 2001 3:21 PM
To:	agold@coral-energy.com; barryp@bp.com; bbrigham@sidrichgas.com; bealljp@texaco.com; bgray@cc.state.az.us; Bgray@EPElectric.com; bjost@huberlaw.com; bruce.a.connell@usa.conoco.com; bwhitta@pnm.com; carla.j.johnson@usa.conoco.com; cbrechte@apsc.com; cbulf@oneok.com; coganja@aol.com; daswanstrom@verner.com; dhuard@manatt.com; dfulton@enron.com; dga@sloverandloftus.com; djohn@jhenergy.com; dkirkla@pnm.com; earo@dynegy.com; edward.mcmurtrie@swgas.com; fritz@aol.com; frl3@pge.com; gbaker@sempra.com; gduede@apsc.com; glander@skippingstone.com; jab@cpuc.ca.gov; jalward@cc.state.az.us; Tholt, Jane M.; jay.golub@bakerbotts.com; jgregg@mbolaw.com; jhmcgrew@brudergentile.com; jmoriarty@fw-law.com; jlgreene@energyadvocates.com; jpa3@pge.com; jparker@puc.state.nv.us; jpfloom@gkrse-law.com; jsuwara@sempra.com; kadaly@moheck.com; karilee.ramaley@pinnaclewest.com; kbedwards@gkrse-law.com; kaprice@srpnet.com; larry.black@swgas.com; melissa.maxwell@bakerbotts.com; mfenton@pnm.com; mmcelrath@phelpsdodge.com; mike.langston@southernunionco.com; millertr@bp.com; pat.anderson@southernunionco.com; pcervin@br-inc.com; pckissel@gkrse-law.com; pete.frost@usa.conoco.com; pkeeler@br-inc.com; pserrano@EPElectric.com; racosta@EPElectric.com; rcashdollar@apachenitro.com; Cantrell, Rebecca W.; redavis@sempra.com; rhewlett@aepnet.org; sarah.tomalty@dynegy.com; sbreen@czn.com; sjf@cpuc.ca.gov; tarpeysp@bp.com; tcarlson@apsc.com; tcubbage@cov.com; wlansinger@sempra.com
Cc:	jandbjost@capu.net; gdreeves@srpnet.com
Subject:	Update on the EPNG events of 9/11-13

Hi, everyone. Sorry for the delay in responding to all the messages and
emails regarding the meetings sponsored by SRP. There were a few people who
were in Phoenix before the WTC disaster and we did meet on Wednesday to do
some brainstorming. This email is an attempt to share the discussions with
those of you who were not here.

The parties who met were SRP, APS, PD, SWG, SoCal and the ACC. Joel Greene,
Barbara Jost, Kelly Daly and Dave Huard were here as legal counsel and Greg
Lander was here as a consultant. There are no new proposals on the table. We
did discuss ways to get to a point where we might be able to talk settlement
and whether or not parties might be willing to turn back capacity. No
surprise that we keep coming back to "what do you use to allocate the
existing capacity". Greg is going to run some numbers for the EOC based on
different starting scenarios using the assumption that CD capacity will be
made available at some level. He will also be looking at the impact of
seasonalizing the EOC loads.

SRP will reschedule the meetings (or arrange a conference call) to discuss
settlement once we have Greg's analysis. I wouldn't expect anything before
the end of September unless it is a conference call.

Thanks to everyone for letting me know your status during the week. It was a
relief to know everyone was safe somewhere.

Diane McVicker
Principal Analyst
Salt River Project
602-236-4315


Is Credit aware of this?

	Mark Taylor
	03/08/2001 05:10 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Entity for softs trading- signoff

FYI
----- Forwarded by Mark Taylor/HOU/ECT on 03/08/2001 05:10 PM -----

	Robert Bruce@ENRON
	Sent by: Robert Bruce@ENRON
	03/08/2001 04:20 PM

		 To: Trena McFarland/NA/Enron@Enron
		 cc: Janine Juggins/LON/ECT@ECT, Rod Nelson/LON/ECT@ECT, Sheila
Glover/HOU/ECT@ECT, Susan Musch/Enron@EnronXGate, Tanya Rohauer/HOU/ECT@ECT,
Alan Aronowitz/HOU/ECT@ECT, Jonathan Marsh/EU/Enron@Enron, Mark
Taylor/HOU/ECT@ECT
		 Subject: Re: Entity for softs trading- signoff

Yes, legal is OK with this.  Trades executed from the London desk will be
arranged through EEFT; trades executed from the New York desk will not need
to be.  In either case, the Enron principal to the transaction would be
ECTRIC.

Robert E. Bruce
Senior Counsel
Enron Wholesale Services
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com

	Trena McFarland
	03/08/2001 03:49 PM

		 To: Robert Bruce/NA/Enron@Enron, Janine Juggins/LON/ECT@ECT, Susan
Musch/ENRON_DEVELOPMENT, Rod Nelson/LON/ECT@ECT, Tanya Rohauer/HOU/ECT
		 cc: Sheila Glover/HOU/ECT@ECT
		 Subject: Entity for softs trading- signoff

Everybody

It is my understanding that for we can use the single entity ECTRIC  for
softs global trading(London and New York).

Please confirm that each of your respective departments is in agreement with
this.

Thank you

Trena McFarland
Enron Agricultural Trading


I'm in the process of putting together some slides for the presentation on
the 7th.  In doing this, I was reviewing the global operations presentation
and  noted on the global operations initiative slide one of the initiatives
listed is "creation of due diligence checklist for acquisitions." I know
Naomi Connell has put together the SOAP which her group in London uses for
this purpose which might be useful.

Naomi - could you send the three of us a copy of this document?

Thanks

Shona


Energy giants join wind bandwagon
National Post, 04/14/01

The Hindu-Editorial: Time for negotiations
The Hindu, 04/14/01

Dizzying offers create deregulation muddle
Houston Chronicle, 04/14/01

Enron controversy to dampen investor confidence in India: envoy
Agence France-Presse, 04/14/01

Pacific Gas & Electric owes us $570 million, Enron says
Deseret News, 04/14/01

Financial Post: News
Energy giants join wind bandwagon
Diane Francis
Financial Post

04/14/2001
National Post
National
D03
(c) National Post 2001. All Rights Reserved.

Times are grim for farmers, caught between sagging prices, subsidies and
livestock diseases.
But the energy crunch may provide North America's farmers with another,
lucrative line of work. Wind power has suddenly become viable and massive new
projects have been announced both on and offshore.
In January, the Bonneville Power Administration (a hydro-electric utility
operating in the Pacific Northwest) said it will buy 1,000 megawatts of wind
energy by 2003. That's enough to supply a city of 500,000 people.
Just before that announcement, another utility, FPL (Florida Power & Light)
Energy, announced plans to build the largest "wind farm" in the world with
turbines in Oregon and Washington, enough for 70,000 homes. Last year,
Texas-based Enron Corp., an energy conglomerate, had just finished 700
turbines in California, western Texas, Minnesota and Iowa.
A handful of Canadian entities have announced small-scale projects within the
past few months.
What has changed is that wind power can be generated economically without
subsidies, thanks to high fuel prices.
What has also changed is that the wind power technology has improved
dramatically. Equipment is less noisy and more attractive. Turbines have gone
up 20-fold in price, but can produce 120 times more power than a generation
ago.
Another concern was that the fast-moving blades of wind turbines were killing
birds. But newer designs are slower in speed and therefore less lethal.
North America is way behind Europe in alternative energy, mostly because it
is blessed with cheap, plentiful hydrocarbon sources. Only 1.5% of
environmentally activist California's power needs are generated from wind
turbines while Denmark and Germany depend on windpower for 6% of their
supplies. Washington would like 5% of U.S. electricity generated from wind by
2020.
But it already makes sense. Fuel costs are so high the wind business is even
profitable for small, independent farmers and landowners in breezy parts
(read prairies) of the United States and Canada. By harnessing the wind, they
can enhance their cash flow, keep their own lights burning brightly and look
after the neighbours or the local power grid, too.
Most significantly, in February, the world's biggest oil giant -- Royal Dutch
Shell Group -- waded in with an announcement it will construct a wind
mega-project or two. But Shell is going to create wind farms offshore, away
from urban development and political objections.
"Wind energy is set to be the major new offshore industry of the next
generation," Shell said in February.
"We believe that by deploying Shell's world-class commercial, technical and
financial capabilities to large and challenging projects we are confident
that we can become a major player in the global wind energy sector," David
Jones, executive vice-president of Shell's wind energy business, said at a
conference.
"Wind is the most competitive of the renewable energy sources when comparing
costs with conventional fuels," said Mr. Jones. "Wind energy production is
expected to increase rapidly as it moves offshore to achieve wind farms of
greater scale."
The company is evaluating offshore sites in North America and Europe and is
also involved in turbine manufacture. It operates small pilot projects in
Europe capable of meeting the needs of only a few thousand consumers.
Sir Mark Moody-Stuart, Shell's chairman, underscored the shift in energy
sources from hydrocarbons to wind, biomass and other renewables. He
maintained this is merely the continuation of a steady trend based on
consumer demands.
"The energy industry evolves giving products the customers want. In the last
century, there was mostly coal used, with few liquids, then liquids replaced
coal, then gas came along after World War II. History shows there has been a
steady de-carbonization of fuel from wood to coal to oil and gas," he said in
a panel I attended in February at the World Economic Forum in Davos,
Switzerland.
The world "must take the climactic threat seriously" by using hydrocarbons
more efficiently.
"We think we can make money at the moment out of wind, some out of biomass,
but not photovoltaics [batteries]," he added. "We want to meet the
aspirations and needs of our customers and society. It's both a commercial
challenge and a commercial imperative. We're just starting [wind power]
offshore, where people cannot object."
As for biomass, Shell has also been amassing forested acreage around the
world which will eventually be the feedstock for fuel production from plant
life.
"Wind indeed is ready for prime time," Ralph Cavanagh, energy program
director for the Natural Resources Defense Council, an environmental group
based in New York, said recently.
Another environmentalist, Worldwatch Institute's Seth Dunn, pointed in an
interview to a study by Shell showing that "by 2050, over 50% of primary
energy supply comes from renewables."

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

The Hindu-Editorial: Time for negotiations

04/14/2001
The Hindu
Copyright (C) 2001 Kasturi & Sons Ltd (KSL); Source: World Reporter (TM) -
Asia Intelligence Wire

THE CYCLE OF claims and counter-claims between the Maharashtra State
Electricity Board (MSEB) and the Dabhol Power Company (DPC) has reached a
point where the only way the imbroglio can be resolved is by renegotiations.
The process of both parties slapping claims on each other helps neither even
as it leaves unaddressed the basic problems in the project. The conciliation
and arbitration process that has begun is also unlikely to provide any
answers to the larger questions because it is about a specific issue - the
decision of the Central Government not to honour a counter-guarantee on a
demand of Rs. 102 crores by the DPC because the MSEB's own claim of Rs. 400
crores has not been settled - rather than about the deep flaws in the power
purchase agreement itself. With the Godbole Committee calling for
renegotiation to bring down the cost of Dabhol power, the Government of
Maharashtra will now have to shed its ambivalence about where it stands on
the project.
While DPC has always been aggressive in asserting its rights, it cannot but
be aware that it will be impossible for it to do business in the face of
hostile public opinion and the increasingly ambivalent attitudes of the State
and Central Governments as well. Given that in the U.S. the Enron Corporation
itself has begun to exit from the energy production business and focus on the
more profitable activity of energy trading this should be an additional
factor working in favour of a renegotiated contract. But the question is how
much such renegotiations will yield, for the fundamental problems of the
Dabhol project were and still are about a very high capital cost,
dollar-denominated tariffs and a contract for supply of liquefied natural gas
(LNG) which will (after the implementation of the second phase) make DPC
power all the more expensive if the plant were to operate at less than 80 per
cent capacity. The Godbole Committee has not recommended scrapping the larger
and more expensive Phase-II of the project and more disappointing for the
State Government is that it has refused to bear the responsibility of
renegotiations. It could not have been otherwise for a review committee can
only provide the broad contours of a solution. When new negotiations begin
with the DPC, as they now must lest the State and Central Government opt for
the more dangerous course of arbitration, the MSEB and the Government of
Maharashtra have to walk a tightrope. If the DPC were to be pushed too far it
could choose arbitration and an arbitration panel based in London is more
than likely to rule on the basis of narrow commercial considerations than on
grounds of public policy, which is what the controversies in the Enron power
project have all been about. On the other hand, renegotiations with a velvet
glove are unlikely to do more than tinker with the contract.
Fortunately for the State and the Centre, worries about what the global
investing community will feel about India exerting pressure on the DPC to
modify the contract are now acknowledged as being mistaken. Globally, the
flaws in the PPA have become so well-known that a Government that does not
re-open the agreement is less likely to command respect than one that drives
a new bargain in a transparent manner. In the process of looking afresh at
the Enron project it does not help if issues such as the poor finances of the
MSEB and the subsidies that it provides are brought into the picture. These
are issues that do need to be addressed but they are distinct from the
problems caused by expensive DPC power. Even if the failings of the MSEB are
dealt with it would not lighten the burden that the DPC now imposes on the
two Governments, the economy of Maharashtra and eventually on the national
economy as well.

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

A
Dizzying offers create deregulation muddle
MIRIAM MOYNIHAN
Staff

04/14/2001
Houston Chronicle
3 STAR
1
(Copyright 2001)

One company is trying to lure Houstonians away from Reliant Energy HL&P with
free electricity for the next two Decembers.
Another competitor offers a $25 credit to sign up.
A third company doesn't offer any particular incentive.
So far, four retail ventures - The New Power Co., First Choice Power, Green
Mountain Energy Co. and Shell Energy Co. - are offering lower rates for
customers of HL&P. But a consumer can get lost trying to pick the best one.
A close look suggests that the company with the plainest offer may be the
best deal for consumers fearing all the unknowns. But it depends.
Welcome to electric deregulation.
Texans are getting their first taste of how competition will be when the
deregulation law goes fully into effect on Jan. 1. So far, the results of the
pilot program show it needs work. Price information is hard to come by, the
promotions can be confusing and the potential savings may not add up to much.
With the sign-up period under way for the Texas Electric Choice pilot
program, for the first time Houston consumers can choose from which company
they'll buy electricity. It's important that new competitors win over lots of
customers, because in the future, electric rates in Texas will be based on
competition rather than regulation.
In the newspaper, on television and on the Internet, ads are urging consumers
to sign up by phone or online and trim painfully high electric bills.
The simplest way to break down the cost is by looking at the average cost per
thousand kilowatt-hours. A bit of multiplication shows that at Reliant's
average current rate - 10.13 cents per kwh - 2,000 kilowatt hours would cost
$202.60. So Shell's rate of 9.3 cents would save a consumer nearly $15 a
month.
But shoppers looking to dump Reliant must wrestle with a lot of unknowns. The
actual savings will be affected by future rate changes, monthly fees and
special offers by the providers.
And getting the details to answer those questions can be difficult, said
Janee Briesemeister, senior policy analyst at the Austin office of Consumers
Union.
"They're being very vague in what they can promise," she said.
There is a lot of information out there if you have a telephone, an Internet
connection and a few hours to kill.
But keep your calculator handy. A representative of Shell Energy wasn't able
to do the math when asked how much 2,367 kilowatt-hours would cost during
August.
Also, be wary of promises that sound too good to be true.
A telephone representative from New Power gave a series of rates radically
lower than the other companies, but the fuel charge - a considerable part of
the cost - wasn't included in the price. When asked if that had been
included, the representative didn't seem to know what it was.
Business customers in Houston have signed up in droves for the nonresidential
portion of the pilot program.
But so far, this test of deregulation hasn't been a big hit with Houston
consumers. Retail electricity providers have drawn 25,625 residential
customers away from HL&P, according to the latest figures from the Texas
Public Utility Commission. That's about 42 percent of the goal officials are
seeking for the pilot.
Much as competing long-distance phone providers sell their services using
lines that are already there, beginning June 1, retail electricity companies
will run power through HL&P's existing lines and pay a fee to the
investor-owned utility.
Since the new providers don't have the cost of maintaining poles, wires and
other facilities, they can offer lower prices per kilowatt- hour - the
industry benchmark meaning the amount of energy needed to light a 100-watt
light bulb for 10 hours.
"We can purchase the electricity using our size and global strength on the
market at a much lower rate than the utility can charge," said Patricia Betz,
marketing manager for Shell Energy, an affiliate of Shell Oil Co.
But consumers need to understand that since it hasn't been done before in
Houston, it carries some risk.
"There's no guarantee that everything will work right," said Briesemeister.
"The companies need to do a better job of saying that."
"That's why it's called a pilot. And it serves an important function - to see
if everything works," she said.
Making apples-to-apples price comparisons is difficult.
The Public Utility Commission's Web site on the pilot program -
www.powertochoose.org - recommends that consumers check the Electricity Facts
Label of each program. But to find that item you need to go to the Terms and
Conditions section of each company's Web site.
In some cases, the prices posted there aren't the same as what's quoted by
company officials over the phone because the prices on the Web are adjusted
to include the added cost of the monthly fee.
But the most straightforward offering comes from Shell Energy.
It is quoting a flat rate of 9.3 cents per kilowatt-hour year- round. Its
monthly service charge is $2 or $5, depending on the method of payment. Shell
Energy doesn't require a contract and is also staying away from special
incentives.
"Electricity pricing is complicated," said Betz. "We're trying to make it as
simple as possible for consumers to understand."
But there's nothing simple about it.
"If they want to compare apples to apples, look at the Electricity Facts
Label, because they have to determine that in the exact same way," said
Carrie Collier, a legislative analyst at the Public Utility Commission. "We
can't tell them how to market their electricity, but . . . what we've told
them is that they have to provide standardized information for customers."
So, what exactly are they promising?
"We'll always be cheaper than the utility," said Betz of Shell.
She said the company does not foresee raising the rate during the pilot
program, but it's not a guarantee because rising fuel costs could mean higher
rates.
"We're all subject to the same market forces," Betz said, "so it's possible
your rates will go up."
First Choice Power, an affiliate of Texas-New Mexico Power Co., is offering a
rate of 9.4 cents per kilowatt-hour, with a $4.95 monthly service charge.
"The offer is good for the life of the pilot," said Jim Niewald, First
Choice's director of marketing. But he doesn't know how prices will be
affected after that.
His company requires a contract and gives a $25 credit on the first bill. It
also plans contests to give away plane tickets, cash and T-shirts.
Green Mountain Energy Co.'s rate is a bit higher - 9.8 cents per
kilowatt-hour plus $4.95 a month - but the company is touting wind- powered
energy.
"We're the only clean-power option in Houston," said Gillan Taddune, vice
president of Texas region. "And I think that's definitely a benefit."
The New Power Co. - a marketing joint venture of Enron Corp., AOL and IBM -
has two plans. One is a fixed rate of 9.3 cents per kilowatt-hour.
That company is offering free Decembers for two years but has a $30
cancellation fee if a customer chooses to switch before the contract ends.
But that rate, confirmed by the company's Web site, was far different from
the one quoted by phone recently.
A New Power customer service representative quoted a price of 4.5 cents for
up to 250 kwh from May through October, and 7.1 cents after that. And for
November through April, the price quoted was 4.2 cents.
The real rate is higher because the representative hadn't included the fuel
charge of 3.9 cents per kilowatt-hour that is added on.
One reason consumers should consider their options is that the rates from
Reliant will be going up again soon. The utility company - whose rate now
starts at 9.75 cents per kilowatt-hour - is in the process of getting a rate
increase to cover higher fuel costs approved by the PUC.
"We're hoping to have interim rates in place by the end of April," said
Reliant spokeswoman Leticia Lowe.
The PUC has the power to review whether this fuel price adjustment is
justified, though these requests usually go through with little change.
Reliant's deregulated competitors do not have their rates reviewed by state
regulators.
But starting Jan. 1, when the deregulation law takes effect, Reliant will be
able to drop its base rate by 6 percent.
"In the pilot, consumers are comparing current rates," said Briesemeister.
But down the line, the utility will get more competitive, she said.
While up to 5 percent of residences currently served by Reliant can sign up,
industry experts are unsure if that many will actually participate.
"Residential customers traditionally are slower to enter the market," said
Collier. "The dollar incentive is greater if your bills are higher. For that
reason, the industrial customer has more incentive to switch."
Janet Tuttle of Katy has taken the leap and signed with Shell. She heard
about the pilot program on the evening news.
"I've got two in college," she said, "so I'm trying to cut the costs wherever
I can."
...
Retail electricity rates
Four companies are currently offering competing electricity service to
customers of Reliant Energy HL&P. Prices listed here are quoted by the
companies based on usage of 1,000 kilowatt-hours. For a more detailed
breakdown, see www.puc.state.tx.us/electric/ projects/22834/reliant.pdf.
Also, check New PowerOs Web site for its alternate plan.
Company .. Monthly charge .. Rate per kilowatt-hour .. Incentives .. Penalty
for early cancelation
The New Power Co. / www.newpower.com / 877-901-7059 .. $3 .. 9.3 cents .. Two
free Decembers .. $30
Shell Energy / www.shellenergy.com / 800-24-SHELL .. $2 or $5 .. 9.3 cents ..
None .. None
First Choice Power / www.firstchoicepower.com / 866-469-2464 .. $4.95 .. 9.4
cents .. $25 credit .. Forfeit credit
Green Mountain Energy Co. / www.greenmountain.com / 866-473-3689 .. $4.95 ..
9.8 cents .. Power Perks discount card .. None

Graph: Retail electricity rates (p. 14, TEXT)

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

Enron controversy to dampen investor confidence in India: envoy

04/14/2001
Agence France-Presse
(Copyright 2001)

NEW DELHI, April 14 (AFP) - A controversy over US energy giant Enron's
subsidiary in India will dampen investor confidence and have a negative
impact on foreign investment, Washington's outgoing ambassador said Saturday.
In an interview published in the Economic Times, Richard Celeste said the
treatment of the subsidiary, Dabhol Power Corporation (DPC), "will have a
substantial (negative) impact on large investors."
The DPC, the single largest foreign investment project in India, has been
mired in controversy since its inception.
The deal was signed in 1993, but was scrapped in 1995 by the state's newly
installed Hindu nationalist government.
The project was renegotiated the same year and work began for the first phase
of the project, which began generating 714 megawatts of electricity in 1999.
Construction for phase 2 is ongoing, but opposition to the project has
resurfaced over the cost of electricity, with the Maharashtra state chief
minister Vilasrao Deshmukh saying that the government was being billed almost
8.00 rupees (18 US cents) per kilowatt hour for the electricity produced by
Enron.
Earlier this year, the cash-strapped Maharashtra electricity board said it
could no longer meet payments due to DPC.
This led to the DPC invoking a counter guarantee clause in the agreement,
after which part of its dues were recovered.
With a susbtantial portion of its dues still unrecovered, the DPC this week,
invoked a "force majeure" notice.
The notice warned that it maybe be unable for the company to perform its
contractual obligations, due to the "concerted, deliberate and politically
motivated actions" of the state and federal government as well as the
Maharashtra electricity board.
Urging the government to create an adequate environment for investors,
Celeste warned: "The (DPC) problem will have a large impact on India's
ability to raise large amounts of capital."
er/am

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

Pacific Gas & Electric owes us $570 million, Enron says

04/14/2001
Deseret News
B08
Copyright (c) 2001 Deseret News Publishing Co.

HOUSTON (AP) -- Enron Corp. says the utility Pacific Gas & Electric Co. owes
the energy company $570 million, according to a letter to the utility's
bankruptcy trustee.
Mark Palmer, an Enron spokesman in Houston, said the company has taken
adequate reserves to protect its balance sheet against any outstanding debts
owed it by Pacific Gas & Electric.
But Enron's disclosure was the first indication of how much the West Coast
utility owes the Houston company.
Enron was one of the companies named late Wednesday to the creditors'
committee for San Francisco-based Pacific Gas & Electric's Chapter 11
bankruptcy case. The committee represents the parties with the largest claims
in a bankruptcy case.
Enron officials cited the utility's unpaid debt to secure a seat on the
committee appointed by U.S. Trustee Linda Stanley, a Justice Department
official.
A week ago, Pacific Gas & Electric filed for bankruptcy protection because
negotiations with California over how to resolve the state's power crisis
were going nowhere. Pacific Gas & Electric sells electricity and natural gas
to the San Francisco and Northern California areas.
Earlier this week, a federal judge ordered Enron to keep supplying low-cost
power to California's state university systems after Enron tried to shift
responsibility for buying the school's power to the state's troubled
utilities.

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


Greg,

Please review with Ken Lay.  We're going to put this on the Agenda for the 6pm (CST) Board meeting unless we hear otherwise from you.  Dr. LeMaistre, Mary Joyce, Towers Perrin are all aware of the proposed retention plan.  The urgency is coming from BU and Function leads.  The current resolution gives delegation to Enron OTC for final sign-off and implementation in consultation with Towers Perrin.  Call either David Oxley or me to discuss.

Thanks,
Aaron
work - 713 853 9280
cell - 713 303 4633


FYI,   Burlington is still on the trading floor  for VP signature.   I just
called and should get same this PM.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490