> > Subject: People Clinton didn't have to Pardon
>  > >
>  > >
>  > >
>  > >  Just a few people Clinton didn't have to Pardon.
>  > > James McDougal - Clinton's convicted Whitewater partner died of an
>  > > apparent heart attack, while in solitary confinement.  He was a key
>  > witness
>  > > in Ken Starr's investigation.
>  > >
>  > > Mary Mahoney - A former White House intern was murdered July 1997 at
a
>  > > Starbucks Coffee Shop in Georgetown. The murder happened just after
she
>  > > was to go public with her story of sexual harassment in the White
House.
>  > >
>  > > Vince Foster - Former white House councilor, and colleague of Hillary
>  > > Clinton at Little Rock's Rose Law firm. Died of a gunshot wound to
the
>  > > head, ruled a suicide.
>  > >
>  > > Ron Brown - Secretary of Commerce and former DNC Chairman. Reported
to
>  > > have died by impact in a plane crash. A pathologist close to the
>  > > investigation
>  > > reported that there was a hole in the top of Brown's skull resembling
a
>  > > gunshot wound. At the time of his death Brown was being investigated,
>  and
>  > > spoke publicly of his willingness to cut a deal with prosecutors.
>  > >
>  > > C. Victor Raiser II - & - Montgomery Raiser, Major players in the
>  Clinton
>  > > fund raising organization died in a private plane crash in July 1992.
>  > >
>  > > Paul Tulley - Democratic National Committee Political Director found
>  dead
>  > > in a hotel room in Little Rock, September 1992.  Described by Clinton
as
>  a
>  > > "Dear friend and trusted advisor".
>  > >
>  > > Ed Willey - Clinton fund raiser, found dead November 1993 deep in the
>  > > woods in VA of a gunshot wound to the head. Ruled a suicide. Ed
Willey
>  > died
>  > > on
>  > > the same day his wife Kathleen Willey claimed Bill Clinton groped her
in
>  > the
>  > > oval office in the White House.  Ed Willey was involved in several
>  Clinton
>  > > fund raising events.
>  > >
>  > > Jerry Parks - Head of Clinton's gubernatorial security team in Little
>  > > Rock. Gunned down in his car at a deserted intersection outside
Little
>  > Rock.
>  > > Park's son said his father was building a dossier on Clinton. He
>  allegedly
>  > > threatened to reveal this information. After he died the files were
>  > > mysteriously removed from his house.
>  > >
>  > > James Bunch - Died from a gunshot suicide. It was reported that he
had a
>  > > "Black Book" of people which contained names of influential people
who
>  > > visited prostitutes in Texas and Arkansas.
>  > >
>  > > James Wilson - Was found dead in May 1993 from an apparent hanging
>  > > suicide.  He was reported to have ties to Whitewater.
>  > >
>  > > Kathy Ferguson, ex-wife of Arkansas Trooper Danny Ferguson, was found
>  dead
>  > > in May 1994, in her living room with a gunshot to her head.  It was
>  ruled
>  > a
>  > > suicide even though there were several packed suitcases, as if she
were
>  > > going somewhere. Danny Ferguson was a co-defendant along with Bill
>  Clinton
>  > > in the Paula Jones lawsuit. Kathy Ferguson was a possible
corroborating
>  > > witness for Paula Jones.
>  > >
>  > > Bill Shelton - Arkansas State Trooper and fiancee of Kathy Ferguson.
>  > > Critical of the suicide ruling of his fiancee, he was found dead in
>  > > June, 1994 of a gunshot wound also ruled a suicide at the grave site
of
>  > his
>  > > fiancee.
>  > >
>  > > Gandy Baugh - Attorney for Clinton's friend Dan Lassater, died by
>  jumping
>  > > out a window of a tall building January, 1994. His client was a
>  convicted
>  > > drug distributor.
>  > >
>  > > Florence Martin - Accountant & sub-contractor for the CIA, was
related
>  to
>  > > the Barry Seal Mena Airport drug smuggling case. He died of three
>  gunshot
>  > > wounds.
>  > >
>  > > Suzanne Coleman - Reportedly had an affair with Clinton when he was
>  > > Arkansas Attorney General.  Died of a gunshot wound to the back of
the
>  > head,
>  > > ruled a
>  > > suicide. Was pregnant at the time of her death.
>  > >
>  > > Paula Grober - Clinton's speech interpreter for the deaf from 1978
until
>  > > her death December 9, 1992.  She died in a one car accident.
>  > >
>  > > Danny Casolaro - Investigative reporter.  Investigating Mena Airport
and
>  > > Arkansas Development Finance Authority.  He slit his wrists,
apparently,
>  > in
>  > > the middle of his investigation.
>  > >
>  > > Paul Wilcher - Attorney investigating corruption at Mena Airport with
>  > > Casolaro and the 1980 "October Surprise" was found dead on a toilet
June
>  > > 22, 1993 in his Washington DC apartment.  Had delivered a report to
>  Janet
>  > > Reno 3 weeks before his death.
>  > >
>  > > Jon Parnell Walker - Whitewater investigator for Resolution
TrustCorp.
>  > > Jumped to his death from his Arlington, Virginia apartment balcony
>  > > August15, 1993.  He was investigating the Morgan Guarantee scandal.
>  > >
>  > > Barbara Wise - Commerce Department staffer. Worked closely with Ron
>  Brown
>  > > and John Huang. Cause of death unknown.  Died November 29, 1996.  Her
>  > > bruised, nude body was found locked in her office at the Department
of
>  >
>  > > Commerce.
>  > >
>  > > Charles Meissner - Assistant Secretary of Commerce who gave John
Huang
>  > > special security clearance, died shortly thereafter in a small plane
>  > crash.
>  > >
>  > > Dr. Stanley Heard - Chairman of the National Chiropractic Health Care
>  > > Advisory Committee died with his attorney Steve Dickson in a small
plane
>  > > crash.  Dr. Heard, in addition to serving on Clinton's advisory
council
>  > > personally treated Clinton's mother, stepfather and brother.
>  > >
>  > > Barry Seal - Drug running pilot out of Mena Arkansas, death was no
>  > > accident.
>  > >
>  > > Johnny Lawhorn Jr. - Mechanic, found a check made out to Bill Clinton
in
>  > > the trunk of a car left at his repair shop. He was found dead after
his
>  > car
>  > > had hit a utility pole.
>  > >
>  > > Stanley Huggins - Investigated Madison Guarantee. His death was a
>  > > purported suicide and his report was never released.
>  > >
>  > > Hershell Friday - Attorney and Clinton fund raiser died March 1, 1994
>  when
>  > > his plane exploded.
>  > >
>  > > Kevin Ives & Don Henry - Known as "The boys on the track" case.
Reports
>  > > say the boys may have stumbled upon the Mena Arkansas airport drug
>  > > operation.
>  > >  A controversial case, the initial report of death said, due to
falling
>  > > asleep
>  > > on railroad tracks. Later reports claim the 2 boys had been slain
before
>  > > being placed on the tracks.  Many linked to the case died before
their
>  > > testimony could come before a Grand Jury.
>  > >
>  > > THE FOLLOWING PERSONS HAD INFORMATION ON THE IVES/HENRY CASE:
>  > > Keith Coney - Died when his motorcycle slammed into the back of a
truck,
>  > > 7/88.
>  > > Keith McMaskle - Died stabbed 113 times, Nov, 1988
>  > > Gregory Collins - Died from a gunshot wound January 1989.
>  > > Jeff Rhodes - He was shot, mutilated and found burned in a trash dump
in
>  > > April 1989.
>  > > James Milan - Found decapitated.  However, the Coroner ruled his
death
>  was
>  > > due to "natural causes".
>  > > Jordan Kettleson - Was found shot to death in the front seat of his
>  pickup
>  > > truck in June 1990.
>  > > Richard Winters - A suspect in the Ives / Henry deaths.  He was
killed
>  in
>  > a
>  > > set-up robbery July 1989.
>  > >
>  > > THE FOLLOWING CLINTON BODYGUARDS ARE DEAD:
>  > > Major William S. Barkley Jr.
>  > > Captain Scott J. Reynolds
>  > > Sgt. Brian Hanley
>  > > Sgt. Tim Sabel
>  > > Major General William Robertson
>  > > Col. William Densberger
>  > > Col. Robert Kelly
>  > > Spec. Gary Rhodes
>  > > Steve Willis
>  > > Robert Williams
>  > > Conway LeBleu
>  > > Todd McKeehan
>  > >
>  > > Quite an impressive list! Pass this on. Let the public become aware
of
>  > > what happens to friends of the Clinton's!
>  > ============================ >>


Not a problem.  Just couldn't believe  that they screwed it up so much.
There's 3 ft of new power at Squaw!!!!


Jason:
As we talked last week Cannon Interest Houston has called and indicated that they would like to extend the current Base Load Buy / Sell Contract and also their Bammel Storage Contract.  I will be faxing to you this afternoon the existing Contract's that I have marked through with the changes.  A brief summary is as follows:
	The Buy / Sell Contract is where Cannon Interest Houston delivers gas to HPL June - October and receives gas from HPL November - February.
	The purchase price June - October is Houston Ship Channel Index.  The sales price November - February is the June - October Houston Ship Channel 	WACOG plus $.21.  The Term currently goes through February, 2005.  Cannon Interest Houston has proposed that the term be extended through 		February, 2011 and that the sales price November - February of each year be the June - October Houston Ship Channel Index plus $.17.

	The Bammel Storage Contract currently has a term through February 28, 2005.  Cannon Interest Houston would like to extend the term through February 	28, 2011 at a Storage fee of $400,000 per year.

The individual at Cannon Interest Houston that you need to call if you have any questions is Patrick Locke.  His telephone number is 713-706-4318.  If you have trouble reaching him it may be easier to call his cell phone which is 713-817-5388.

I would appreciate it if you would call so we can discuss once you have had time to review.  713-853-7705

	Jim Schwieger


_________________________________________________________________

WEEKEND SYSTEMS AVAILABILITY

FOR

1/25/2002 5:00:00 PM through 1/28/2002 12:00:00 AM
_________________________________________________________________

Impact:   San Palo
Time:   Thur 1/24/2002 12:00:00 PM CT thru Sun 1/27/2002 12:00:00 PM CT
	Thur 1/24/2002 10:00:00 AM PT thru Sun 1/27/2002 10:00:00 AM PT
	Thur 1/24/2002 6:00:00 PM London thru Sun 1/27/2002 6:00:00 PM London
Outage:   New server room
Environments Impacted:   File Server, Notes servers, Print Server, Internet access.
Purpose:   Put 02 servers room in just 01 room. Rebuild all cabling (data and voice). This is set on CST.
Backout:   Back to original room.
Contact(s):   Nilson Busto  55-11-5503-1347

Impact:   Corp
Time:   Fri 1/25/2002 1:45:00 PM CT thru Fri 1/25/2002 2:45:00 PM CT
	Fri 1/25/2002 11:45:00 AM PT thru Fri 1/25/2002 12:45:00 PM PT
	Fri 1/25/2002 7:45:00 PM London thru Fri 1/25/2002 8:45:00 PM London
Outage:   Change Management Emergency Outage
Environments Impacted:   Change Management System Outage.
Purpose:   Change Management Application needs emergency maintenance.
Backout:   NA
Contact(s):   Brennan, Ryan  713-853-4545
	Ray, Edward  7138536744
	Brooks, Sean L  713-345-8077


I think the presentation looks fine, but consider adding this:  there is real
risk to utilities (as well as customers) in continuing a regulated regime.
The California utilities have been pushed into or to the brink of bankruptcy


CALENDAR ENTRY:	APPOINTMENT

Description:
	PRC-Interviews

Date:		1/23/2001
Time:		8:00 AM - 5:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Thank you very much for the note.  I am very happy that you have been
promoted to Managing Director.  It was long over due.

Sincerely,

Jean

	Vince J Kaminski@ECT
	01/11/00 10:03 AM

		 To: Jean Mrha/Enron Communications@Enron Communications
		 cc:
		 Subject: Congratulations

Jean,

Congratulations. Well deserved.

Vince


Dan,

I provided all the information that you are asking for on the original credit
worksheet I e-mailed to ENA legal on August 29.  You will notice in the
comments section the Enron entities I wanted covered in the guaranty along
with the Contracts that needed to be reference.  If you need a copy the
specific contracts that need to be covered they can be obtained through the
documentation group, or through 'Live Link' on our computers.  Please make
note of the name change that has now occurred with respect to Engage.

Russell

Dan J Hyvl
10/13/2000 10:24 AM
To: Russell Diamond/HOU/ECT@ECT
cc: Debra Perlingiere/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT
Subject: Re: Engage

Russell,
 We need closure on the guaranty issue.  All of the guaranty formats you
provided to me covered specific enron entities under specific contracts that
were identified in the guaranty.  If you can give me the specific contracts
for each of the other enron entities you want covered by the Gas physical
master contract of ENA whose payment obligations to Engage Energy Marketing,
L.P.you want guarantied by Enron, I will take the lead to draft the guaranty
and have it forward to Enron Corp for approval prior to sending it out as a
draft to Engage Energy Marketing, L.P.

	Russell Diamond
	10/13/2000 10:11 AM

		 To: Dan J Hyvl/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT
		 cc: Jeffrey T Hodge/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
		 Subject: Re: Engage

Dan,

This is in response to my continued efforts with legal to make note of my
intended priority of executing a Master Firm with Coastal Energy (formerly
Engage US).  As previous e-mails below indicate and phone calls with the ENA
legal group and Coastal, the draft has yet to be sent out.  I have confirmed
with Coastal today, they have STILL not received the draft although are
expecting this from ENA.  We have outstanding exposure with this entity and
is important from a credit, legal, and contractual standpoint that an
agreement is executed.  I understand that in the past they have been
unwilling to negotiate a Master although I want one put in place. Please do
what you need to, to get this draft sent to the counterparty.

Regards,
Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 10/13/2000
10:00 AM ---------------------------

From:  Russell Diamond
     09/28/2000 10:07 AM

To: Dan J Hyvl/HOU/ECT@ECT
cc: Debra Perlingiere/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT
Subject: Re: Engage

Dan,

Per Debra's e-mail to me, why can we not include other entities on this
guaranty, it seems we have got guaranty's in place with other counterparty's
in which they reference specific contracts as well as entities not related to
the  contract, i.e. Sempra, Duke, Aquila, Dynegy,......

Dan,
I see the execution of this contract as a priority considering the trading
volumes on Enron Online and current market conditions.  I know in the past,
we have been unable to negotiate a Master Firm with Engage US, although their
legal group is fully aware of our request to negotiate a contract. Please
send the draft out to the contact listed on the credit worksheet and
priortize the negotiation of this contract.

Regards,
Russell

DEBRA PERLINGIERE
09/27/2000 12:05 PM
To: Russell Diamond/HOU/ECT@ECT
cc: Dan J Hyvl/HOU/ECT@ECT
Subject: Engage

  This draft has not been sent due to pending guaranty issues.  The attached
has guaranties for The Coastal Corporation and Enron Corp.  for 20mm / 30 mm
( per your change) and are specific to this agreement.  Dan has advised the
guaranties are written for the agreement and we cannot change to include
other Enron Companies.  You will need to contact  Enron Corp. for a guaranty
to included other companies.

Please let me know how you wish to proceed.  Finally, the contact on your
worksheet is Faye Carlin (713) 877-7133

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


Dave,

Greg is requesting Enron Americas' 2001 Goals & Objectives (no more than 3 to
4 each) asap.

Many Thanks,

Liz Taylor x31935


I just wanted to remind everyone involved with the TVA litigation (and
potential litigation) to be mindful of the possibility that some of our
internal communications in the next several weeks may be the subject of TVA
discovery requests in the coming months. Please do not generate any notes or
e-mails without talking to me first. When scheduling meetings regarding
strategy, please include an attorney so that we can protect the
communications through the attorney-client privilege. If you have any
questions about this procedure, do not hesitate to call me at ext. 35587


Hi,

Can and should we organize a tag-team baby sitting detail?  Aghh!  Another
weekend that is not my own!

Grant.
---------------------- Forwarded by Grant Masson/HOU/ECT on 09/14/2000 08:51
AM ---------------------------

	Enron North America Corp.

	From:  Toni Graham @ ENRON                           09/13/2000 05:08 PM

To: Grant Masson/HOU/ECT@ECT
cc:
Subject: Ben Zhang Timeframe

Grant,  what do you think?     If you really want this guy, you may suggest
someone in your group to "entertain" them while they are here.
What do you think?

---------------------- Forwarded by Toni Graham/Corp/Enron on 09/13/2000
04:58 PM ---------------------------

meastman@qualitec.com on 09/13/2000 02:05:53 PM
To: <toni.graham@enron.com>
cc:

Subject: Ben Zhang Timeframe

Toni,
I spoke with Ben today and he is planning to pay for a trip to bring his
wife to Houston this weekend and show her around in hopes of overcoming her
hesitiation on moving.  His question is whether Enron will give him the time
to bring her down here and then give  an answer next week?  If you will let
me know how you, Grant, and Vince feel about that.

thanks,

Mike

QUALITEC  PROFESSIONAL  SERVICES,  LP
Accounting - Financial - Energy Risk - Tax
                Search Consultants

               MIKE EASTMAN, CPC
                         President

281-647-9300                FAX  281-647-0933
       email -  meastman@qualitec.com


FYI

Karen forwarded to me a voicemail from the Fort-Worth reporter listing the amounts that are being reported as returned:
- $20K from the RNC
- $60K from RGA

I haven't yet seen the checks, nor have I heard anything internally about their return.  Also, I checked SAP and the checks haven't been credited into the system.

I'll let you know when I learn anything further.


Earl and Mansoor,

I have received a copy of the as-built drawings for the TW/Agave Eddy County Interconnect.  Earl, as I understand it, you have a copy also.  Please confirm that you have what you need.  I will send my copy to Mansoor unless otherwise directed.

Also, I have received an invoice from Agave for $245,904.20 for their work on this interconnect.  Earl, I believe Mark McConnell faxed you a copy a few weeks ago.  I need you both to approve the invoice so I can pay.  Do either of you have any comments regarding this invoice?  Does anyone else need to see it?  Please advise.

Thanks, Kim.


Mark,

Attached, per your request, is Revised Gas Option Language


Ami Chokshi will be sending this to you once it is finalized.

D

Joanie H Ngo
01/05/2000 02:28 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: TXU Fuel for December

Pls. send me spreadsheet if you have it.  Thanks.


Start Date: 1/28/02; HourAhead hour: 1;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012801.txt
###Cannot locate a Preferred or Revised_Preferred Schedule that matches the FINAL Individual Interchange Schedule.  Unable to assign deal number.


Teb,
This is the ratings outline printed for you before I left.  I thought you might want the file in case you wanted to make changes.

Jeanette


This is what I sent to FPLE.


Bob,

On the Texas desk, the majority of our deals are nominated manually (on Excel
or preprinted forms), with most of the information pulled from Sitara instead
of Unify.  So, these noms were not late.  For a couple of 3rd party
pipelines, we do use Unify.  But we did not have nom changes for 5/4.  Our
only problem was sending noms to HPL.  Which is sending information to
yourself, but it still delays the confrimation process for the pipeline.
This nom was sent about 30 minutes late.  Let me know if you have any
questions.

Daren
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 05/03/2000
04:22 PM ---------------------------

Edward Terry
05/03/2000 02:18 PM
To: George Smith/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Patti Sullivan/HOU/ECT@ECT
cc: Robert Superty/HOU/ECT@ECT
Subject: Unify

Please provide Bob Superty with a list of pipelines whom were late or had
nomiation issues as a result of this mornings Unify problems.


-----Original Message-----
From: newsdata@newsdata.com [mailto:newsdata@newsdata.com]
Sent: Friday, December 14, 2001 9:41 AM
To: Energy NewsData
Subject: California Energy Markets Clips #648

The latest California Energy Markets news clipping section is
attached to this email in Adobe Acrobat file format. The issue
number is indicated in the subject line of this email.


This committee is just gearing up this year.  The committee chair is Veta
Byrd at Vinson & Elkins.  She is probably the person best equipped to answer
your questions about the program.  Her phone number is 713-758-2222.

-----Original Message-----
From: Gerald.Nemec@enron.com [mailto:Gerald.Nemec@enron.com]
Sent: Thursday, October 12, 2000 9:45 AM
To: hba-office@hba.org
Subject: Question

Hello,  I am an attorney at Enron North America Corp.  I have recently been
asked to coordinate our hiring of summer clerks.  Monica Jordan previously
had handled these duties and informed me that she had used the HBA Minority
Committee through which to do some of our hiring of clerks.

I am looking for information concerning this program; such as how it
operates, when it meets. etc.  Any information you could supply would be
greatly appreciated.

Thanks,

Gerald Nemec


Please email me more information regarding your Nokia rate plans.  Please email my home email address at:

mailto:  salisbury@spiretech.com


Congratz.  Do we know for how long a decision will be delayed?

Best,
Jeff

	Susan J Mara
	07/02/2001 04:29 PM

		 To: Andrew Wu/HOU/EES@EES, Angela Schwarz/HOU/EES@EES, Carol St
Clair/Enron@EnronXGate, Dan Leff/HOU/EES@EES, David W Delainey/HOU/EES@EES,
Don Black/HOU/EES@EES, Elizabeth Sager/Enron@EnronXGate, Evan
Hughes/HOU/EES@EES, Gayle Muench/ENRON@enronXgate, Harry
Kingerski/NA/Enron@Enron, James E Keller/HOU/EES@EES, Janet R
Dietrich/HOU/EES@EES, Jeff Dasovich/NA/Enron@Enron, Jeff
Richter/Enron@EnronXGate, James D Steffes/NA/Enron@Enron, Marty
Sunde/HOU/EES@EES, Michael Mann/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Peggy
Mahoney/HOU/EES@EES, Robert C Williams/Enron@EnronXGate, Scott
Gahn/HOU/EES@EES, Sean A Holmes/HOU/EES@EES, Tim Belden/Enron@EnronXGate, Tom
Riley/Western Region/The Bentley Company@Exchange, Travis
McCullough/Enron@EnronXGate, James D Steffes/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Vicki
Sharp/HOU/EES@EES, Michael Tribolet/ENRON@enronXgate
		 cc:
		 Subject: In case you haven't heard about the likely CPUC delay and PX Credit
off the table

We're hearing the vote will be delayed until July 12 -- no final confirmation
yet. And now BOTH draft decisions have been modified to defer action on the
PX Credit issue. A major victory on that issue.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Sure sounds to me that Ken is in the same shoes as the rest of us regarding the downfall of ENE.
What do you think????????????????????????
Wouldn't you think the honorable thing would be to refuse any compensation knowing your terrible performance?
I'm sorry! I forgot honorable is not an Enron admirable trait!

The wording of "If he terminates his employment within 60 days of a change of control" sure sounds to me like someone knew what was going on to me?
I guess we should have kept in mind the 2nd definition of LAY in the dictionary is "To put to rest"

 -----Original Message-----
From: 	Schwieger, Jim
Sent:	Tuesday, November 13, 2001 9:14 AM
To:	Schwieger, Jim
Subject:	FW: -- DJ Enron CEO -2: Also To Get Reimbursed For Tax Penalties --

 DJ Enron CEO -2: Also To Get Reimbursed For Tax Penalties --

  WASHINGTON (Dow Jones)--Enron Corp. (ENE) Chief Executive Kenneth Lay could
receive a lump sum payment as much as $80 million as a result of Dynegy Inc.'s
(DYN) plan to acquire Enron, according to a regulatory filing released Tuesday
by the Securities and Exchange Commission.
  Under Lay's employment agreement, which originally extended through Dec. 31,
2003, Lay was entitled to a lump sum payment equal to the number of full
calendar years remaining under his contract multiplied by $20.2 million if he
terminated his employment within 60 days of a change of control.
  In August, Lay, chairman of Enron, resumed his position as CEO following the
resignation of Jeffrey K. Skilling, Enron's then-president and CEO. At that
time, his contract was extended to Dec. 31, 2005.
  In addition to the lump sum payment, Lay is entitled to an amount for any
related tax penalties if the payment were held to constitute an "excess
parachute payment," according to the filing.
  Dynegy plans to acquire Enron in a stock swap valued around $10.12 billion.
  The deal is expected to close sometime next year, in which case Lay is
entitled to $60.6 million under his contract if he terminates his employment
within the 60 days.
  Houston-based Enron is a utilities and communications company. -Dan Lowrey;
Dow Jones Newswires; 202-393-7402; dan.lowrey@dowjones.com

  (END) Dow Jones Newswires  13-11-01
  1428GMT(AP-DJ-11-13-01 1428GMT)

Symbols:
  US;DYN US;ENE

  13-Nov-2001  14:28:54 GMT
Source DJES   - Dow Jones Energy Service
Categories:
  I/ELC I/GAS I/UES I/XISL N/CNW N/DJWI N/DPG N/LNG N/NRG N/WEI M/NND M/UTI
  P/NRG R/NAPW R/NERC R/NME R/TX R/US R/USS MST/I/ELC MST/I/GAS MST/I MST/N/LNG
  MST/R/NME MST/R/US/TX MST/R/US


Dortha,

This date works for me.

Vince

	Dortha Gray @ ENRON
	10/17/2000 03:14 PM

To: Vince J Kaminski/HOU/ECT@ECT, Kevin Kindall/Corp/Enron@ENRON, Cassandra
Schultz/NA/Enron@Enron, Gary Peng/GPGFIN/Enron@ENRON, Gregory
Adams/Corp/Enron@ENRON, Mike Deville/HOU/ECT@ECT, Johnna
Kokenge/Corp/Enron@ENRON, Jan Johnson/GPGFIN/Enron@ENRON
cc:
Subject: Research Group Project Meeting

This meeting originally scheduled for Thursday, October 19, at 10:00 has been
rescheduled to Thursday, October 26, at 10:00 in EB 19 C-1.  Please let me
know if this works with your schedule.


I heard that they were looking to fill all the slots over there with
Analysts, hope they know what they are doing, at least until I get all my
stock sold!  Which is not looking good again?!?!? What's with that close
yesterday?

so HPL was sold...that means Kenny has to go too?  He should look for
another spot at ENE, Dwayne is BAD NEWS FOR HIM.  Do you think he's
prejudice against Greg too?

Are you gonna look for something else?

We'Ve had great sunshine weather this week!  But cold still.  All the bulbs
are coming up, we should have flowers soon.  I want the builder to get his
crap off my land so I can start planting!  We need grass and FLOWERS!!!

Well it#s time for lunch, we're having Greek today, stuffed bell peppers
with feta in a tomatoe sauce with rice and salad!  I'm starving!!!  Since
Claudia started working for us I'm getting FAT!  It's so nice not to do ALL
the cooking and none of the cleaning!  When you visit you will get to sample
of cooking...I think you will like it.

Gotta go, write!!!


Is this a violation, or are we just shifting portfolios around.  Jeff

	From:  Christian LeBroc @ ENRON                           10/26/2000 10:58 AM

To: Hugo Moreira/LON/ECT@ECT, David J Botchlett/HOU/ECT@ECT, John L
Nowlan/HOU/ECT@ECT, John Chismar/SIN/ECT@ECT, John Buckner
Thomas/SIN/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Risk Controls@ECT, Mary
Thambiah/LON/ECT@ECT, Oliver Gaylard/LON/ECT@ECT, Bjorn
Hagelmann/HOU/ECT@ECT, Manfred Roenz/Corp/Enron@Enron, Lee
Jackson/HOU/ECT@ECT, Homan Amiry/LON/ECT@ECT, Mark Fondren/HOU/ECT@ECT, John
Swinney/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT, Cindy Horn/LON/ECT@ECT,
Michelle Bruce/HOU/ECT@ECT
cc:
Subject: Liquids Limits Oct.25


chapter five but i can't remember the name of the case "home manufacturers"?,
or some such thing.  Have you checked the web site for the questions?


We would like to take this opportunity to thank everyone who took the time to
respond to the Pulse survey conducted in October.  Your feedback is very much
appreciated.
The survey helps identify inhibitors that keep you from accomplishing your
job, while helping us assess the company,s progress toward removing barriers
that keep employees from achieving their personal best.
Out of the 2,299 ENA/EGM/EIM employees invited to participate in the survey,
1,478, or 64% responded.  Enron uses an outside firm, Watson Wyatt, to
tabulate data and report results.  A synopsis of what we heard from you has
been added to our intranet site.  The site address is
http://home.ena.enron.com/pulse/.
Our Strengths

Strengths are based on the highest percentages of favorable responses to
survey questions:

 * Employees are satisfied with their benefits     87%
 * Employees can believe information from top management   78%
 * Employees would recommend ENA/EGM/EIM as a good place to work 78%
 * Supervisors/Managers treat their employees fairly    76%
 * Supervisors/Managers encourage teamwork     73%
 * People are treated with respect       72%
 * ENA/EGM/EIM is well managed       72%

Improvement Opportunities

Improvement opportunities are based on the lowest percentages of favorable
responses to survey questions:

 * Communication/Information Flow       35%
 * Information Technology        32%
 * Workload          26%

We are pleased with these results because they exhibit a strong belief in
Enron,s core values of Respect, Integrity, Communication and Excellence.
These results are indicative of the quality of our employees at all levels.

The Pulse survey enables us to focus on real issues affecting each employee.
We will evaluate these results and consider remedies to the inhibitors that
affect us on a daily basis.  Your ideas are welcomed and we will be seeking
your input.  Great strides have been made since the first survey in 1996, and
we intend to continue in this vein.

Please plan to take part in future surveys, which will continue providing
valuable information to help build a successful organization.  Again, thank
you for your input.


-----Original Message-----
From: 	Forster, David
Sent:	Monday, July 16, 2001 4:12 PM
To:	Arnold, John
Subject:	FW: Robotrader/Autotrader

John,

Attached is an email which I have sent to Savita (who will not be able to attend today). It addresses the Robotrader concept. I will bring some hardcopy to hit the high points this afternoon.

Dave

 -----Original Message-----
From: 	Forster, David
Sent:	Monday, July 16, 2001 4:06 PM
To:	Puthigai, Savita
Subject:	Robotrader/Autotrader

Savita,

Attached is the latest Robotrader spreadsheet.

As you may recall, we tried several different approaches to minimizing the cost of the market running up and then down again.

The solution which gave the best solution was also the simplest one.

Principles as follows:

- Basically an advanced Offset to Last Trade
- Definitions
	- Intensity: Measures the length of time between transactions as a rolling average over the last x number of transactions (the Intensity Factor)
	- Intensity Factor: The number of transactions used in calculating the rolling average Intensity
	- Dead Interval: The period of time in which (if nothing occurs), an event or transaction is deemed to take place.
	- Offset Reversion Ratio: The percentage by which the Offset will be reduced if a Dead Interval passes
	- Spread Minimum: The minimum spread which can be used.
	- Offset Minimum: The minimum offset which may be used.
	- Spread-Offset Minimum: The minimum amount by which the spread must exceed the offset
	- Spread Reversion Rate: The amount in dollars by which the spread will decrease if a Dead Interval passes
	- Position Sensitivity: The position which, if exceeded, will cause the V Factor Adjustment to increase
	- V-Factor adjust: The amount by which the Momentum will be increased if the Position Sensitivity is exceeded.
	- Momentum: The measure of the degree to which the market is either just buying or just selling
	- Adjusted Momentum: A Momentum number which may be boosted, causing a larger price reaction when the Position Sensitivity is exceeded.
	- Offset: The amount by which a bid or offer will be increased/decreased when a transaction occurs.
	- Spread: The difference between the bid and the offer
- General Principles and Mechanics
	- As each Sell (Buy) occurs, the Momentum decreases (increases).
	- The Adjusted Momentum is the same as the Momentum, unless the Position Sensitivity is exceeded.
	- If the Position Sensitivity is exceeded, then the Adjusted Momentum is boosted by the V-Factor Adjustment
	- The Offset is calculated by looking up the Offset value on a table for the specified Adjusted Momentum
	- The Spread is calculated by looking up the value to boost (decrease) the Spread on a table for the Specified Intensity
	- As the Intensity value drops, the Spread widens. As it increases, the Spread decreases.
	- In a running market, the offset will increase quickly. If it establishes a new level, the Offset will slowly decrease
	- If the market runs up and whipsaws back, the offset will stay large
	- If a market range trades, the offset will trend to zero.
	- If there are a large number of transaction in succession, the spread will widen
	- If there are a small number of transactions in succession, the spread will tighten.

Dave


----- Forwarded by Tana Jones/HOU/ECT on 01/23/2001 10:16 AM -----

	Tana Jones
	06/01/2000 05:13 PM

		 To: Melissa Ann Murphy/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Rhonda L
Denton/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Larry Joe
Hunter/HOU/ECT@ECT, Kevin Meredith/Corp/Enron@ENRON, Bruce
Mills/Corp/Enron@ENRON, Derek Bailey/Corp/Enron@ENRON, Jean Bell/HOU/ECT@ECT,
Diane Anderson/NA/Enron@Enron, Souad Mahmassani/Corp/Enron@ENRON, Andrea R
Guillen/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Jarrod Cyprow/HOU/ECT@ECT,
Scott Tackett/Corp/Enron@Enron, Gordon Heaney/Corp/Enron@ENRON, Pamela
Sonnier/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, Laurel Adams/HOU/ECT@ECT
		 cc: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara
Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT,
Carol St Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Michael
Neves/HOU/ECT@ECT
		 Subject: Financial Trading Agreements Database Link

Attached is the link that will allow you access to referenced database.
Please note, that we have just upgraded the database to add the ISDA
definitions, branch offices approved for trading, and market disruption
provisions.  This information should be inputted for the new master swap
agreements on a going forward basis, but we still need to go back and
repopulate the data for the existing master swap agreements.

Also, FYI, the "See" drop down is our nickname for the name changes and
mergers reference.  If an item is filled in for that entity it should show
you any prior or new names for the counterparty.

If there is anyone else who would like the link, please let me know and I
will forward it to them.

We hope you find the information provided in this database helpful.

Link -->


Here is a rough first draft of our jurisdictional database (summary of swap
laws).  Besides the obvious typos, how does this work for you?
---------------------- Forwarded by Tana Jones/HOU/ECT on 12/15/99 11:46 AM
---------------------------

	Enron Technology

	From:  Linda Zhou                           12/15/99 10:01 AM

To: Tana Jones/HOU/ECT@ECT
cc:
Subject: Financial Trading Agreements Jurisdictional Database

Hi Tana,

  I created the first phase of Fiancial Trading Agreements Jurisdictional
Database -->  ,  feel free to play around in the database, let me know if
you're comfortable of it and any modifications that you think that will
improve the database.

Thanks,
Linda


Here is the 1st draft of a wish list for systems.


Stan:

I have not talked directly with Coastal about their specific approach, but am
aware of efforts to find tax relief for conversion of MTBE facilities to
alkalytes.   This is also an option that has been discussed in the OFA and
MTBE Producer groups.   It certainly could be a viable "fallback" position to
stranded cost recovery.

However, Coastal is very differently situated than Enron in terms of stranded
costs or liability protection.   Refiners can't make as good a case for
stranded costs as the merchant producers of MTBE who developed unique
facilites directly in response to the Clean Air Act oxygenate mandate.   On
liability protection, refiners and marketers are more directly responsible
for groundwater contamination with MTBE because they have the leaking tanks
-- so they have what could be characterized as "contributory negligence",
where MTBE producers do not.

I agree with Steve Kean's response -- going after liability protection is
probably going to be more viable than finding stranded costs.   We will keep
pressing both issues, and distinguishing ourselves as one of the "good
actors" that responded to the Clean Air Act to produce MTBE and has not
contributed to gasoline spills.

 In terms of conversion to alkalytes, one of the complicating factors is the
"tax" angle.   In all the current legislative efforts in the House and
Senate, the sponsors are avoiding inclusion of tax provisions so that the
bills do not have to go through review by the separate tax committees, which
would delay the legislation probably to its demise.   Passing separate tax
legislation that contains alkalyte conversion provisions may also be
difficult -- in general, it will be hard for Congress to pass even modest tax
legislation this year.

If this emerges as a viable strategy, however, I think it is worth
consideration.   I will talk with Coastal to see what their strategy is and
follow up with you and Jim Prentice to see if it's appropriate to pursue.

Jeff

Stanley Horton
04/10/2000 05:49 PM
Sent by: Cindy Stark
To: Jeffrey Keeler/Corp/Enron@ENRON
cc: Cynthia Sandherr/Corp/Enron@ENRON, Steven J Kean/HOU/EES@EES, Shelley
Corman/ET&S/Enron@ENRON

Subject: MTBE

Jeff:

At the fundraiser for Senator Thomas, I had the opportunity to discuss with
David Arledge (Coastal Corp's Chairman & CEO) the MTBE issue.

Coastal's position is somewhat different than Enron's.  Coastal is advocating
some sort of tax relief on alkalytes, which is the product they would convert
their plant to produce.  They also advocate protection of litigation.

David believes that Congress cannot approve a multi-million dollar bailout of
MTBE producers but can pass a tax relief bill that would encourage MTBE
producers to convert their plants.

Two questions for you:   1) What do you think of Coastal's approach? and  2)
Have you discussed the approach with Coastal?

Stan


Mark,
Back In January approximately Visualpro was updated a new file was created
called old errstat.db we also have about 20 turbines off-line at Trent Mesa
due to leaning towers. It could be that it has been off-line since the
update. I am also attaching a updated channel list for Visualpro High speed
running number is still not explained to my satisfaction but, it is
definitely not Tip Speed the numbers are to small. Let me know if their is
any further clarification you would like on this list.

Regards,
Paul Landers

Mark Fisher
04/08/2002 12:51 PM
To: Paul Landers/EWC/Enron@Enron
cc: Hollis Kimbrough/EWC/Enron@ENRON

Subject: WR527 Pitch System Faults

Paul,

Here is the formatted pitch system fault information you requested for the
Trent site. I have several comments.
(1) The data came from the March 20 Trent data download.
(2) 6 turbines did not have the ErrStat file included in the download. These
are denoted by blank cells in the fault columns in the attached spreadsheet.
(3) While looking through the data, I noticed that there was at least one
ErrStat file that was downloaded and showed no recorded status messages. I
checked the corresponding ErrDev file and there were status messages being
recorded there. I have sent this information to Germany to see if there is an
explanation.
(4) Turbine 99 is represented in SCADA at Trent by 199.

If you have any questions let me know. I will probably do one of the other
smaller sites before checking into tackling Clear Sky.

Mark Fisher


Steve,

Here are the adjusted 714 hourly loads.  I verified that they now are exactly trued up to the WSCC data.  For your records, the following load areas were not included in this years 714 forms:

CA - Place County Water Authority, City of Riverside
DSW - Plains Elec Gen & Trans
PNW-US - Clark County PUD, PEND, WA Water Power (Avista)
RM - WAPA Loveland, WAPA Salt Lake City

Also, as discussed, WAPA Billings was not used.

Let me know if you have any questions.

Mat


Jeff:  is this story true that "Enron plans to pull out of the market in
California?"

*    FERC COMMISSIONER HERBERT SKIPS SAN DIEGO HEARING
     FERC's sole Republican commissioner will not be attending
today's hearings in San Diego, saying the situation has gotten
too political, according to Dow Jones Newswires.
     Commissioner Curt Herbert was quoted as saying: "California
would rather fight this out for the next five to ten years rather
than take steps now to solve the problem." He also expects
additional companies to join Enron Corp. and Calpine Corp. in
pulling out of the state's market, causing blackouts and ongoing
high prices next summer. "We've had three hearings already,"
Herbert added. "Are customers better off? I don't think so."
     Meanwhile, State senator Debra Bowen, head of the state
Senate Energy Committee, told a hearing in Sacramento yesterday
that FERC's plan could lead to re-regulation if residents were
not protected from market manipulation. Reuters quotes Bowen as
saying: "If there's not political accountability between the
people that are making the decisions about what California
customers pay and the people who are paying those rates, we're
likely to have a revolution at the consumer level that leads to
re-regulation regardless of what's in a FERC order" (Dow Jones
Newswires, Reuters, Nov. 13).


RTO Week

Day 3 -- October 17, 2001

Standardizing RTO Tariffs

The morning panel focused on which transmission services should be standardized in RTO tariffs across an interconnection or the entire country.  There were many diverse views on the panel, and the Staff and commissioners were somewhat more engaged in this session.

The panelists were:  Ricky Bittle, Arkansas Electric Coop; Jim Caldwell, American Wind; Peter Esposito, Dynegy; Rory McMinn, New Mexico PSC; Glenn Ross, Dominion Resources; Audrey Zibelman, XCEL Energy.

General Observations

This panel had a lot less agreement than the previous panels.  Dynegy opposes standardization of a transmission tariff and urges FERC to give strong guidance to stakeholders and then let the stakeholders work out the details of a new tariff.  Dominion advocates a more prescriptive approach by FERC, noting that stakeholders have been unable to reach agreement over the last five years.  EXCEL has it's own focus - they want to be an ITC and want to provide many of the RTO services without being an RTO.  The Wind group is mostly concerned about the ability to provide generation on an "as available" basis.   The commissioner from New Mexico does not want standardization, does not want FERC stepping on the state's jurisdictional toes, and does not want New Mexico ratepayers' rates to go up.  Arkansas Electric Coop insists that SPP transmission capacity is full, so if competitors want to move power through SPP, new transmission must first be built.

I am somewhat concerned that some of the Commissioners may believe that tariff standardization is not necessary.  While the Dynegy concept had merit at one time, it may be too late to rely on the stakeholder process to resolve issues, and it could take many months to go through the process, only to have FERC, in the end, decide the details anyway.  We may want to submit comments on this issue to FERC at the conclusion of RTO Week.

What Services Should be Standardized?

Overall, Dynegy opposes standardizing tariffs but believes certain aspects of reservations should be standardized -- timing, confirmation processing, maintenance issues, bus names, ramping protocols, assumptions for ATC calculations, posting times, bumping rules, and settlement time.  With regard to congestion management, it should not be standardized between RTOs.

XCEL does not support a standardized tariff but urges FERC to standardize some issues such as CBM calculations, reserve obligations and load balancing and penalties.  American Wind says FERC must focus on having liquid spot markets in RTOs and not worry about tariff standardization.  Dominion cautions FERC about Dynegy's proposal to let the industry work out the details.  He says this is what happened with Order No. 2000 and the industry was unable to work it out.

Should FERC Retain CBM?

Ricky (Arkansas Coop) believes that the bigger the RTO, the less important CBM is because the RTO will have enough resources internally to effectuate reserve sharing.  Dynegy thinks CBM should be eliminated.  Dominion thinks CBM should be retained but the rules need to be changed.  CBM should not be set for a year - it changes on a daily basis and this should be reflected.  Nor should CBM be standardized because needs vary region to region.  However, because CBM is used for load, the cost of CBM should be allocated to load.  All panelists agreed with the concept that if CBM is retained, load should be required to purchase it as a service provided under the tariff.

Network Versus Point to Point Service

Peter (Dynegy) discussed the need to develop a new type of transmission service that combines the best features from network and point to point, similar to transportation service offered in gas -- firm and interruptible.  Peter suggests starting with the CRT tariff proposed several years ago.  Glenn (Dominion) thinks the CRT is outdated and thinks we need a new type of service but agrees that it should combine the best elements of network and point to point.

Should all Transmission Service Be Under the RTO's Tariff?

Most of the panelists said yes, all service should be under the tariff, but Ricky Bittle said there needs to be a transition period - minimum of 5 years, no more than 10 years.  Commissioner McMinn said no - he sees this as an infringement on the states' jurisdiction.

What Services Need to Be Changed Under a New RTO Tariff?

Jim (Wind) believes that the imbalance provisions must be revised so as not to penalize "as available" resources.  Ricky thinks transmission expansion is the most important issue to address in a new tariff.  XCEL urges FERC to recognize the distinction between RTOs and ITCs and allow ITCs to design and offer their own transmission tariffs.

Ray Alvarez will circulate a summary of the afternoon panel on Cost Allocation.

Please let me know if you have any questions.

Sarah


MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Jim Steffes, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketing Working Group Chair
            Julie Simon, Vice President of Policy

DATE: May 29, 2001

RE: EPSA Draft Paper on Assuring Adequate Capacity in a
      Competitive Market
      ? Initial Comments Due on Monday, June 4th
      ? Conference Call on Friday, June 8th at 11:00 a.m. (EDT)

On May 15th EPSA held a workshop on assuring adequate capacity in a
restructured market.  Following the discussion, EPSA staff offered to draft a
short White Paper outlining a possible EPSA position on the issues raised
during the discussion.  Attached is the first draft of that paper.

To use our time as efficiently as possible, please forward any written
comments on the attached draft to Julie Simon at EPSA (by fax at 202-628-8260
or e-mail to jsimon@epsa.org) by Monday, June 4th.  We will then circulate a
revised draft before a conference call on Friday, June 8th at 11:00 a.m.
(EDT).  To access the conference call, dial 1-800-937-6563 and ask for the
EPSA/Julie Simon call.  If you have any questions or concerns, please contact
Julie at 202-628-8200.

Attachment

 - EPSA POSITION STATEMENT ON ASSURING ADEQUATE CAPACITY IN A COMPETITIVE
MARKET.doc


All of the counterparties on today's list are ESP's, so I will approve them
for all financial products.  If the aren't ESP's I would not approve them for
financial products including Australian financial products.  Further, if they
cannot meet the ESP test on their own, i.e., they are relying on a parent
guaranty or a letter of credit to make them an ESP, I would approve them for
all financial products, except Australian power (but they could trade weather
per our earlier emails).

	David Minns@ENRON_DEVELOPMENT
	09/19/2000 04:18 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL Credit Responses 09/19/00

Assuming they want trade Australian power do  they have USD6million in assets?

From: Tana Jones@ECT on 19/09/2000 04:06 PM CDT
To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Harry M Collins/HOU/ECT@ECT,
David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Marie Heard/Enron
Communications@Enron Communications, Robbi Rossi/Enron Communications@Enron
Communications, John Viverito/Corp/Enron@Enron, Jane McBride/AP/Enron@Enron
cc:

Subject: EOL Credit Responses 09/19/00

----- Forwarded by Tana Jones/HOU/ECT on 09/19/2000 04:05 PM -----

	Bradley Diebner
	09/19/2000 03:45 PM

		 To: Frank L Davis/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark
Taylor/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT,
Debbie R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Cynthia
Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe Global
Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 09/19/00

The EOL approvals for 09/19/00 are attached below.

Regards,
bd


-----Original Message-----
From: 	Smith, Stephanie
Sent:	Monday, October 01, 2001 7:21 PM
To:	Geaccone, Tracy
Cc:	Erwin, Jill
Subject:	EGF 2002 Allocations - ETS/Others

Attached are revised EGF 2002 Plan Allocations.  Please let me know if you have any questions.  Thank you.


Hear anything on Engram?


Attached for your review is a revised draft of the posting agreement marked
against the prior version.  A clean version is also attached.

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Steve -- that's great.  I think the Net Works commercial team is becoming
enthusiastic about the entire concept of patent protection.  Quick question
-- we want to indicate "patent pending" on the websites -- is there a
convention as to how that is indicated -- such as an abbreviation ("U.S.
Patent Pending"?) or rule on where that indication is placed on the site or
in proximity or relation to the company's name?

Travis McCullough
Enron North America Corp.
1400 Smith Street EB 3817
Houston Texas 77002
Phone:  (713) 853-1575
Fax: (713) 646-3490


Your message

  To:      Bill Chen; jsmollon@newwestenergy.com; arem@electric.com
  Cc:      douglass@energyattorney.com
  Subject: RE: Proposal AREM response to UDC Joint Filing - Implementation
of Su spension DA
  Sent:    Tue, 27 Nov 2001 18:12:40 -0600

did not reach the following recipient(s):

anchau@shell.com on Tue, 27 Nov 2001 18:15:55 -0600
    The recipient name is not recognized
	The MTS-ID of the original message is:
c=us;a=attmail;p=shellusa;l=ICSSCXH70111280015THQNHNBY
    MSEXCH:IMS:SHELL:MSXSSC:ICSSCXH7 0 (000C05A6) Unknown Recipient

-----
Message-ID: <3080E1264732244B844860A7BD823A692AD956@NAHOU-MSMBX07V.corp.enron.com>
From: "Dasovich, Jeff" <Jeff.Dasovich@ENRON.com>
To: Bill Chen <Bill.chen@aesmail.com>, jsmollon@newwestenergy.com,
	arem@electric.com
Cc: douglass@energyattorney.com
Subject: RE: Proposal AREM response to UDC Joint Filing - Implementation o
	f Su spension DA
Date: Tue, 27 Nov 2001 18:12:40 -0600
X-Mailer: Internet Mail Service (5.5.2653.19)
X-MS-Embedded-Report:

Apologies just got back.  Can't make the call, but concur that we ought
to stay where we were.  Not that the proposal doesn't merit discussion,
but it raises many issues and we're down to the wire.  So I concur with
Bill and Aaron.  Perhaps we should try to regroup first thing in the AM?

Best,
Jeff

-----Original Message-----
From: Bill Chen [mailto:Bill.chen@aesmail.com]
Sent: Tuesday, November 27, 2001 6:00 PM
To: 'jsmollon@newwestenergy.com'; arem@electric.com
Cc: douglass@energyattorney.com; Dasovich, Jeff
Subject: RE: Proposal AREM response to UDC Joint Filing - Implementation
of Su spension DA

All,

Unfortunately, Aaron and I will not be able to make this call.  However,
we
wanted to let the group know that we are strongly opposed to New West's
proposal and urge the group to adopt the position we agreed to during
last
week's call, i.e., oppose the UDCs' proposal for a DASR cut-off date,
for
the reasons outlined in Dan's most recent draft.

Thanks.

Bill
925.287.4703

-----Original Message-----
From: jsmollon@newwestenergy.com [mailto:jsmollon@newwestenergy.com]
Sent: Tuesday, November 27, 2001 11:21 AM
To: arem@electric.com
Cc: douglass@energyattorney.com; Jeff.Dasovich@enron.com
Subject: Proposal AREM response to UDC Joint Filing - Implementation of
Su
spension DA

I have had an opportunity to talk to most of you regarding the attached
proposal.  I apologize I ran out of time yesterday and didn't catch
everyone.

NWE would like to propose a slightly different take on our AREM filing
having had a chance to think more about it.  I wanted to run it by
everyone
to get your thoughts before submitting a redline.  If you feel this
warrants
a conference call I will gladly set one up for today.  Time is of the
essence and would appreciate your feedback as soon as possible.  If we
all
agree, I would like to get the re-write with everyone's blessing to Dan
by
tomorrow at 8:00 am. or sooner.
 <<arm-puc-plan.doc>>
Proposal Benefits

	1.	We look more reasonable and agree to much of what UDCs
are
proposing.
	2.	Accommodates most, if not all, of ESP and customer
concerns.
	3.	Strong argument for avoiding any contract review.    Our
verification proposal could backfire; PUC could accept our approach, but
add
details which goes toward ESPs submitting contracts to the PUC for
review
and validation
Thank you,
Janie Mollon
Manager, Legislative and Regulatory Affairs
Office:  602-629-7758
FAX: 602-629-7772
Mobile:  602-625-3892

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and
may contain confidential and privileged material for the sole use of the
intended recipient (s). Any review, use, distribution or disclosure by
others is strictly prohibited. If you are not the intended recipient (or
authorized to receive for the recipient), please contact the sender or reply
to Enron Corp. at enron.messaging.administration@enron.com and delete all
copies of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence a
binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not be
relied on by anyone as the basis of a contract by estoppel or otherwise.
Thank you.
**********************************************************************


Notice # 01-157
May 14, 2001

TO:
ALL NYMEX/COMEX DIVISION MEMBERS
ALL NYMEX/COMEX DIVISION MEMBER FIRMS
ALL NYMEX/COMEX DIVISION CLEARING FIRMS
ALL NYMEX/COMEX DIVISION OPERATION MANAGERS

FROM:
Stu Smith, Senior Vice President, Operations

RE:
Exchange Early Contract Closing Schedule for May 25, 2001

Please be advised that the Exchange will close markets earlier on Friday,
May 25, 2001, the business day preceding Memorial Day. The following early
contract closing schedule will be implemented:

NYMEX DIVISION

Commodity                     Closing Range

Palladium Futures             11:58 a.m. - 12:00 noon
Platinum Futures and Options       12:08 p.m. - 12:10 p.m.
Heating Oil Futures and Options          *12:58 p.m. -  1:00 p.m.
Unleaded Gasoline Futures and Options    *12:58 p.m. -  1:00 p.m.
Crack Gas & Crack Heat Options           12:58 p.m. -  1:00 p.m.
Propane Futures                    12:58 p.m. -  1:00 p.m.
Crude Oil Futures and Options      12:58 p.m. -  1:00 p.m.
Henry Hub Natural Gas Futures &Options   *12:58 p.m. -  1:00 p.m.
Permian Pool Natural Gas Futures   12:58 p.m. -  1:00 p.m.
Alberta Natural Gas Futures              12:58 p.m. -  1:00 p.m.
Gulf Coast Gasoline Futures        12:58 p.m. -  1:00 p.m.

COMEX DIVISION

Aluminum Futures and Options       11:59 a.m.  - 12:00 noon
Copper Futures and Options         **12:04 p.m.  - 12:05 p.m.
Silver Futures and Options         12:04 p.m.  - 12:05 p.m.
Gold Futures and Options      12:09 p.m.  - 12:10 p.m.
The Eurotop 100 & 300 contracts will conduct normal trading hours.

The NYMEX Late Submissions Area is scheduled to close at 2:30 p.m. and the
NYMEX Trade Correction Area will close at 3:15 p.m., the TMS trade
allocation screens will be available until 4:30 p.m.  The COMEX Division's
OLTE System will be available for corrections until 2:30 p.m.  In the event
that you require additional time to process work, or have questions
regarding early close procedures, please call Fred Tantao 299-2045, Rob
Stasi 299-2067, George Henderson 299-2071, Les Faison 299-2070 (NYMEX
Division) or Michael Campanelli 299-2072, David Sherman 299-2061 (COMEX
Division).

*    Option Expiration Procedure will be conducted at approximately 3:15
p.m. for the ON, OH & GO June 2001 contract months.
**  Option Expiration Procedure will be conducted for the HX June 2001
contract month.
*** All Electricity Future and Option contracts on NYMEX Access will close
at 1:00 p.m.

      Carr Futures
      150 S. Wacker Dr., Suite 1500
      Chicago, IL 60606  USA
      Tel:  312-368-6149
      Fax:  312-368-2281
      soblander@carrfut.com
      http://www.carrfut.com


fyi
----- Forwarded by Peter Bray/HOU/NewPower on 02/06/01 01:38 PM -----

	"Medeiros, Mike" <MMedeiros@SiliconEnergy.com>

	02/06/01 11:31 AM
		? ? ? ?
		? ? ? ? To: ? ? ? ?"Dale Murdock (E-mail)" <dmurdock@e-lectrade.com>, "'Ali'"
<amiremadi@caiso.com>, "'Altree'" <lja2@pge.com>, "'BrayatWork'"
<pbray@newpower.com>, "'BWoertz'" <bwoertz@caiso.com>, "'ByronatWork'"
<mgby@dynegy.com>, "'CCollins'" <ccollins@southwesternpower.com>, "'DFuller'"
<dfuller@caiso.com>, "'DTimson'" <dtimson@caiso.com>, "'Frihart'"
<bcfrihart4@aol.com>, "'Geno'" <gowens3@txu.com>, "'GeorgeW'"
<gwaideli@enron.com>, "'JeffJacobs'" <jjef@chevron.com>, "'JGoodin'"
<jgoodin@caiso.com>, "'LeoR'" <radkowsk@jm.com>, "'NapaMan'"
<miwc@chevron.com>, "'RandyM'" <randy.mcadam@safeway.com>, "'ScottM'"
<scott_moore@albertsons.com>
		? ? ? ? cc: ? ? ? ?
		? ? ? ? Subject: ? ? ? ?FW: ENRON in Businesssweek 2/12/01 issue

?
-----Original Message-----
From: Gallegos, Kristine
Sent: Monday, February 05, 2001 4:35 PM
To: Medeiros, Mike; Miller, Eric; Carter, Mark; Schurr, Allan; Schaefer,
Steve; Ricard, Ron; Foster, Tony
Subject: ENRON in Businesssweek 2/12/01 issue

BUSINESSWEEK ONLINE : FEBRUARY 12, 2001 ISSUE
?
?
?

COVER STORY
?
Enron's Power Play
Enron, the nation's largest energy merchant, won't let California stand in its
way
?
On this cold January day in Houston, Enron (ENE) President Jeffrey K. Skilling
could easily play the pirate that California consumer groups are casting him
as
these days. After two weeks of sailing with his three children in the Virgin
Islands, Skilling's face is slightly sunburned, and he sports a rakish
post-vacation
beard. But the CEO-elect isn't buying the buccaneer image that some have
slapped on his company. He clearly thinks Californians should be thanking
Enron, not castigating it, for its role in trying to push open the state's
power
markets. ''We're on the side of angels,'' he says. ''We're taking on the
entrenched monopolies. In every business we've been in, we're the good
guys.''
?
Alas, the nation's largest energy merchant is garnering no such accolades from
California's great deregulation experiment. Soaring power prices have pushed
the state's utilities to the brink of bankruptcy and forced Third World-style
blackouts across the world's sixth-largest economy. Enron and other
electricity
marketers and generators are being investigated by the state attorney general
and sued by consumers amid accusations of profiteering and market
manipulation. ''Every trading company in the country has been feasting on
California, and Enron is the shrewdest of them all. They are like sharks in a
feeding frenzy,'' says Michael Shames, executive director of the Utility
Consumers' Action Network in San Diego. Enron, an early critic of California's
deregulation plan, hotly denies those charges.
?
FRICTIONLESS? The glaring spotlight on California's botched attempt at
deregulation casts Enron in the uncomfortable role of defending its radical
business model. Though often grouped with utilities, Enron produces little
power
itself and owns relatively little in the way of hard assets. Instead it has
pioneered
the financialization of energy, making the company more akin to Goldman Sachs
(GS) than Consolidated Edison (ED). Its impressive profits stream is squeezed
out of a torrent of often low-margin trades, in which it buys and sells a
dazzling
variety of contracts. The more buyers and sellers, the better for Enron,
which is
now twice the size of its nearest competitor.
?
Enron executives paint this as nothing less than a holy war on inefficiency.
When
the power giants are busted up, scrappy Enron believes it can thrive by
delivering just the products and services particular customers want most. And
they're thinking way beyond just energy. Skilling, a former McKinsey & Co.
director (page 80), is now applying the model to a slew of new markets,
including data storage, steel, even advertising space. He believes the company
can thrive as a market maker. ''Whether it's Enron or not is almost
irrelevant,''
says Skilling. ''It's going to happen.''
?
For now, though, California's crisis has abruptly slammed the brakes on
efforts
to deregulate U.S. retail electricity sales, which are under way in nearly 25
other
states. Moreover, that mess may prove to be the death knell for industry hopes
that retail deregulation would spread far beyond the 20% of U.S. businesses
and homeowners who now can name their own electricity supplier.
''Deregulation has lost a lot of momentum,'' says Kemm C. Farney,
vice-president for electric power at consulting firm WEFA Inc. ''It's hard to
argue that this has resulted in lower bills.'' Even in overseas markets, where
Enron is counting on huge future gains, supporters are watching nervously. Big
utilities, particularly in the south of Europe, ''want to use California to
slow
down liberalization,'' says Jan van Aken, secretary general of the European
Federation of Energy Traders.
?
It's not hard to see why. Sure, the old regulated system was expensive, but at
least we knew the lights would turn on when we flipped the switch. However,
Skilling and others argue that the battle in California has obscured the
reasons
for pushing deregulation in the first place. The old utilities, he says,
''were
incredibly expensive and provided horrible service to their customers.'' Under
the regulated model where utilities could simply pass on costs to customers,
they lacked incentives to utilize capacity more efficiently or to offer
innovative
services. In California, for instance, business leaders pushed for
deregulation
because they were paying 50% more for power than their counterparts in other
parts of the country. At the same time, the utilities themselves were
operating
high-cost plants with little access to capital to fix their problems, says
Farney.
The upside of deregulation? ''We have a tremendous amount of new
construction. It's a direct result of the industry having new access to
capital
markets,'' he says.
?
One of the biggest problems now is that the nation is in a muddled state
between regulation and deregulation. For instance, freezing retail prices for
consumers and businesses in California while deregulating the wholesale market
where utilities shop left the power companies unable to cover their
skyrocketing
energy costs and pushed them near the brink of financial collapse. Paul W.
MacAvoy, a professor at the Yale School of Management, compares that to
the blunder that regulators made in the 1970s with the savings and loan
industry.
The S&Ls were restricted to investing in long-term assets, like mortgages,
while
paying volatile market rates on shorter-term deposits. ''There's a widespread
opinion in the academic world that regulation is bad, but partial and
phased-in
deregulation is much worse,'' says MacAvoy.
?
Skilling argues that Enron's exposure to fallout from California is minimal.
Its
biggest business is in the wholesale market, serving utilities and big
industrial
customers who under federal law already have the right to choose their
electricity suppliers. And wholesale markets in Europe and Japan are rapidly
opening their doors. That explains why most observers believe that Enron will
emerge with its earnings engine intact. ''We do not expect the California
situation to have any significant impact on Enron's financial outlook,'' says
Skilling, who is set to take over the CEO title from Enron Chairman and CEO
Kenneth L. Lay on Feb. 12. In the fourth quarter, Enron's core wholesale
trading and services business reported income of $777 million before interest
and taxes, nearly triple that of a year earlier. Enron's total net income
excluding
nonrecurring items shot up 32% for all of last year, to $1.27 billion, on
sales of
$100.8 billion, up 150%. Physical volumes of gas and electricity delivered
jumped 59%, boosted in part by EnronOnline, the company's year-old
Web-based trading operation.
?
POWERFUL ALLIES. Under a new Republican Administration and a
President with strong ties to Lay (page 78), Washington isn't likely to derail
deregulation. If anything, Enron will be using the crisis to push for more
favorable federal rules for moving electricity from state to state, which
could
boost its flexibility and trading options. Certainly, Curt L. Hebert, the new
chairman of the Federal Energy Regulatory Commission (FERC), is a
free-market advocate friendly to Enron's views. ''I don't think California is
going
to be any lesson that stops America from wanting choice. It's going to be a
lesson that allows America to learn what not to do,'' he says.
?
Still, Skilling and Lay will have to spend precious time and energy on a
deregulation battle that Enron seemed well on its way to winning. Already,
Oregon, Arkansas, and Nevada are considering a slowdown in their
deregulation plans, while northeastern states have put in place wholesale
price
caps. Some Western governors want Congress to force regional price caps on
the wholesale electricity market. And Representative Peter A. DeFazio
(D-Ore.) is ready to introduce an ''energy re-regulation'' bill that would
overturn
the 1992 U.S. Energy Policy Act. ''Electricity is not a commodity fit for the
competitive marketplace. Private investors don't have public safety in mind,''
says Doug Heller, consumer advocate with the Foundation for Taxpayer &
Consumer Rights in Santa Monica, Calif., which is pushing for a referendum to
have California take over much of the power system.
?
If that kind of radical sentiment spreads beyond the California border, Enron
could find its growth prospects, even in the $220 billion wholesale market,
sharply curtailed. And it would surely be bad news for Enron's latest effort
to
crack the retail market: a separately owned company formed last May with
then-America Online Inc. (AOL) and IBM (IBM) called the New Power Co.
Enron tried four years ago to enter the residential market in California but
quickly backed out when it found the state's new rules wouldn't let it turn a
profit.
?
The hyperconfident Skilling is unrepentant about his company's long role as a
deregulation crusader. Enron benefits from volatility, not high prices, he
says. In
California, where Enron doesn't own power plants, the company insists it is
dealing in thin margins. ''Depending how markets are swinging around day to
day, we're either making a little money or losing a little money on that,''
says
Lay, although he won't break out specific figures for California. If
anything, says
analyst Donato J. Eassey of Merrill Lynch & Co., operating margins are getting
thinner--in the entire wholesale business they were 2.4% last year, vs. 3.7%
in
'99 and 3.6% in '98. That's O.K., says Eassey: ''I'll take that margin
pressure
with a 72% earnings growth rate on that [wholesale] business.''
?
In its gleaming Houston office tower, Enron has seven floors of some 1,500
traders making markets in gas, electricity, metals, bandwidth, and other
products. Enron, for example, posts prices for an array of energy contracts.
With the click of a mouse, utilities caught short on supply can make a deal.
Likewise, generators with excess capacity can find prices Enron is willing to
pay. Enron pockets a spread on the deal. The traders are supported by a
back-office team that schedules pipeline and transmission capacity to actually
deliver gas and electricity, checks credit, and handles billing. Each desk of
two
or three traders used to handle about 100 transactions a day when doing their
business by phone. Now a desk handles 800 to 900, mostly on EnronOnline.
?
Enron's success has not gone unnoticed, but it has a few advantages that
competitors would be hard pressed to match. First is its expertise; it
pioneered
the model. It has dozens of PhDs in mathematics, physics, and other
disciplines,
and even hired a former shuttle astronaut to schedule satellite time. Enron
also
has built a huge network of buyers and sellers with a wide range of
commodities
to trade. With its deep pockets Enron has plenty of capital to keep its
markets
liquid.
?
A big part of the value Enron provides is helping companies manage risk,
especially the risk of big price swings or delivery snafus. One example: In
1999,
Peoples Gas, Light & Coke Co. of Chicago, a local distribution company,
signed a five-year gas procurement deal with Enron. Enron took over Peoples'
scheduling of gas pipelines and storage, assets that Enron then could use to
meet commitments for a broad array of other customers. In the meantime, it
procures gas daily as Peoples needs it, provides working capital, handles
accounts receivable and payable, manages storage, and finances the gas in
storage. ''This is our distinctive competence--bringing the whole thing to the
table,'' says Skilling. ''No one's our equal in that.'' And Enron has
pioneered
contracts to manage other kinds of risk too, including weather.
?
Enron's deregulation roots reach back to the early '70s, when Lay, an
economist by training, began promoting opening gas markets as an Under
Secretary of the Interior in the Nixon Administration. In 1986, Lay took over
Enron, the product of a merger between two pipeline companies. He warned
federal regulators that pipelines like his were in danger of sinking under
rules
that crippled their ability to compete with low-priced oil. The FERC finally
changed the rules starting in 1985, freeing utilities to shop for gas and the
pipelines to search for customers. Enron embraced the changes with gusto,
rapidly becoming the largest buyer and seller of gas in North America. It then
pushed just as aggressively to open wholesale and retail electricity markets,
to
the chagrin of the nation's entrenched utilities. In Ohio, it offered
consumers
coupons for free electricity to build political support for deregulation. In
California, it fielded an army of regulatory attorneys to battle the state's
utilities
over the rules of engagement.
?
SERIOUS FLAWS. The seeds of California's energy debacle were planted
long before deregulation set in, though. Thanks to environmental concerns,
poor
planning, and uncertainty about the rules of deregulation, California's power
supply in recent years has been growing far slower than demand, which was
driven by an expanding population and its increasing use of energy-sucking
technology. The badly flawed 1996 deregulation scheme--some terms of which
Enron and others fought from the start--only exacerbated the problems. It
included a pricing system that prevented utilities from locking in long-term
supplies at fixed prices and from passing on higher fuel costs to customers.
Without rising prices, consumers had no incentive to reduce demand and
utilities
couldn't pay their soaring wholesale power bills. That scared away some power
suppliers and created the financial crisis from which the state is still
trying to dig
out.
?
By now there is nearly universal agreement that the biggest flaw in
California's
deregulation plan was the decision to force utilities to buy all of their
power
needs one day in advance from a newly formed entity called the California
Power Exchange. The theory was that the exchange would provide the most
transparent prices, since every buyer and seller had to operate through it.
Whatever power didn't get bought through the exchange would be purchased
on a last-minute basis the following day by another entity called the
Independent
System Operator (ISO).
?
But many observers believe this two-step setup encouraged generators to offer
less power to the exchange and instead to wait until the last minute to sell
power
to the ISO, which out of desperation would have to pay higher prices. In three
lawsuits, consumer groups, municipal water districts, and the City of San
Francisco allege that Enron and other electricity marketers engaged in
unlawful
market manipulation. Several investigations so far have failed to prove
collusion
by Enron or others. But one study said that the soaring prices couldn't be
explained by such factors as high demand and rising fuel and environmental
costs. ''We concluded that power was being withheld inexplicably, at the exact
time at which prices were most vulnerable to manipulation,'' says Edward Kahn
of the Analysis Group/Economics, a co-author of one study backed by the
parent of utility Southern California Edison. Adds co-author Paul L. Joskow, a
professor of economics at Massachusetts Institute of Technology: ''It was bad
regulation, bad market design, bad luck, and greed.''
?
NOT ROLLING OVER. Enron dismisses the study as flawed and slanted to
favor the utility that paid for it. Meanwhile, the attorney general's office,
state
Public Utility Commission, and FERC are all continuing to investigate.
California's current plans to fix the problem involve the state becoming the
lead
buyer, through long-term contracts that take the uncertainty out of pricing.
The
Power Exchange is being phased out. Enron applauds that move. And even
some of the hardest-hit power users in California haven't given up on
deregulation. California Steel Industries Inc., a Fontana (Calif.)-based steel
producer, lost power 14 times in January, costing it millions of dollars. Yet
Lourenco Goncalves, its president and CEO, is not advocating a return to
regulation: ''Deregulation is a good idea,'' he says. ''We just need to treat
this
like a business and fix what went wrong.''
?
The energy crisis comes just as Enron is vigorously pushing its promise of
efficiency and lower prices into a slew of new commodities. ''Look at pulp and
paper. Look at all those salesmen who play golf all day. For a commodity, for
crying out loud. You don't need to play golf to sell a commodity,'' blurts
Skilling
in his typically blunt style. In these new arenas, Enron won't face the kind
of
regulatory obstacles it must eliminate in energy. But it's no wonder that many
players will resist what they see as an arrogant and menacing middleman. The
California experience gives them new ammunition. Enron and other traders
''sure as hell haven't done a very good job of protecting the American public
from the rising price of natural gas or electricity. I don't see that they
bring any
real value to the steel marketplace,'' says Daniel R. DiMicco, CEO of Nucor
Corp. (NUE), one of the nation's leading steelmakers.
?
In one of his first big bets outside of the energy patch, Skilling is
attacking the
telecommunications industry. In the past year, Enron has spent nearly $500
million to create its own high-speed fiber network. But the goal is not to be
a
traditional telecom player. Instead, Enron wants to create a vast spot market
for
high-speed communications capacity, and ultimately a futures market. Consider
its deal with Blockbuster Inc. (VIA) The two signed a 20-year pact for Enron
to deliver movies-on-demand to Blockbuster customers, a service that's now in
four test markets. Instead of having to build its own network and coordinate a
multitude of agreements with local high-speed communications providers,
Blockbuster turned the whole thing over to Enron. It pays Enron per movie,
getting only the capacity it needs, when it needs it. For now, those movies
are
moving mostly on Enron's 13,500-mile fiber network. But as a robust market
for trading bandwidth develops, Enron could pluck the capacity it needs from
other communications companies. It may even sell its fiber network when it no
longer needs the physical capacity to ensure delivery to its customers. ''The
minute I don't need it, it's gone,'' says Skilling.
?
Indeed, Enron's new CEO has already demonstrated that he doesn't linger over
troubled assets. To help fund its vast ambitions, Enron expects to shed more
than $2 billion in plants and other properties around the world this year,
including a gas production plant in India and a wind-power company in
California. In the fourth quarter, the company took a $326 million aftertax
charge to cover problems at Azurix Corp. (AZX), its failed water business
that's likely to be busted up. Under Skilling, Enron is essentially
abandoning its
once-ambitious plan to build power plants, pipelines, and other facilities
around
the globe.
?
Now, Enron will build assets where they clearly support the trading
operations,
including places like Spain and Japan. Rival energy marketer and producer
Dynegy Inc. (DYN) of Houston questions just how competitive Enron can be
without a significant physical presence in its new commodities ''to give you
that
incremental intelligence,'' says CEO Chuck Watson. Without that, ''you don't
really have a competitive advantage.'' But investors don't seem worried.
Indeed,
Enron's stock is up about 175% in the past two years. ''One thing about Enron
is they're incredibly well managed, very smart, and entrepreneurial,'' says
portfolio manager Robert L. Shoss of shareholder AIM Capital Management
Inc. ''They've proven they deserve the benefit of the doubt.''
?
As Enron gets bigger, maintaining its entrepreneurial culture and stiff
risk-management controls will surely prove a bigger challenge. And more
competition from strong rivals, like Dynegy, means ''a lot of the margins are
going to go away,'' says one utility analyst. ''Early entrants get generous
margins
that attract other competitors.'' One of the biggest risks is that Enron
simply
can't create the open markets it needs. California stands as a stark reminder
of
that. If the state goes back to a ''cost-of-service'' utility model, where
utilities
simply pass through their costs to consumers, ''that would cause us trouble,''
says Skilling.
?
But Skilling and other industry players don't think that's likely to happen,
as
other states such as Pennsylvania prove their deregulation models can work.
Indeed, some believe that the nation's muddled effort to move toward
deregulation is the best of all worlds for Enron. ''If the market were really
open
and very, very efficient, there isn't a lot of need for these trading
intermediaries,''
says Lawrence J. Makovich, a senior director of electric power research for
Cambridge Energy Research Associates. Luckily for Skilling and Enron, that's
one vision that's likely to remain a pipe dream for some time.
?
By Wendy Zellner in Houston, with Christopher Palmeri in Los Angeles,
Peter Coy in New York, and Laura Cohn in Washington, D.C.
?
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
_ _ _ _ _
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
?
BACK TO TOP
?
?
?
?
?

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? RELATED ITEMS
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Enron's Power
Play
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?COVER IMAGE:
Power
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Broker
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?CHART: Enron
Taps Volatile
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Energy
Markets...To
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Dominate Power
Sales...
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?TABLE: The
Enron Way
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?TABLE: Is
There Anything
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? They Can't
Trade?
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Enron's Big
Wheel Has a
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Heavy Tread
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Derring-Do in
the Corner
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Office
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?RESUME:
Jeffrey K.
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Skilling
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Commentary:
Enron Hasn't
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Made Many
Friends in the
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Third World
(int'l edition)
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?ONLINE EXTRA:
Q&A with
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Enron's
Skilling
?
?
?
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?INTERACT
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? E-Mail to
Business Week
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? Online
?
?
?

Copyright 2000-2001, by The McGraw-Hill Companies Inc. All rights reserved.
? ? ? ? ? ? Terms of Use ? Privacy Policy
?

?
Kristine Gallegos
Marketing Analyst
Competitive & Strategic Analysis
Silicon Energy
(510) 263-2772
?


I am resending an email that I sent earlier but was returned.
----- Forwarded by Mark Crowther/AP/Enron on 03/27/2001 05:25 PM -----

	Mark Crowther
	03/27/2001 05:07 PM

		 To: Steven J Kean/HOU/EES@EES, James D Steffes/NA/Enron@Enron, Steve
Walton/HOU/ECT@ECT, Stephen D Burns/Corp/Enron@ENRON, Tom
Briggs/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark
Schroeder/LON/ECT@ECT, Paul Dawson/Govt. Affairs/LON/ECT@ECT, Peter
Styles/LON/ECT@ECT
		 cc: Nicholas O'Day/AP/Enron@Enron
		 Subject: Brattle Group report on Japanese Electricity Market

Gentlemen,

In relation to the planned visit to London, Washington DC and Houston by Nick
O'Day and myself over the next week to discuss regulatory issues in Japan and
our plan for a competitive Japanese market, please find attached the latest
draft of the report produced by the Brattle Group. We are very interested in
hearing your comments on the ideas in this paper and how they relate to
Enron's experience and policy in general.

Best regards
Mark Crowther
Public Affairs
Enron Japan


You will again be meeting in the Green Room in the morning.? The Pool  Room
is still being remodeled.
?
?
Sharon


Andy,

FYI.............Cover story from CFO Magazine, John Devine, GM's CFO.

http://www.cfo.com/magazinearticle/1,4598,0|83|3443,00.html

-John

John Allario
Enron Net Works L.L.C.
713-853-4587 (o)
713-562-8684 (c)
john.allario@enron.com


Jeff Porter is the CES person responsible for looking at their transport.
Last week, he said he was working on their transport numbers.  Also,
yesterday I informed Jeff about some transport CGAS had listed on the EBB.


At this point, Monday December 4th seems to be free for most of you
whose calendar I have.

Let me know.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 10/30/2000
07:34 AM ---------------------------

Shirley Crenshaw
10/30/2000 07:32 AM
To: Stinson Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT,
Mike A Roberts/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Osman
Sezgen/HOU/EES@EES, Tanya Tamarchenko/HOU/ECT@ECT
cc:
Subject: Performance

Good morning everyone.

Please let me know which date you would prefer.  December 4 or December 8th.

Thanks!

Shirley

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 10/30/2000
07:26 AM ---------------------------

Norma Villarreal
10/28/2000 10:47 AM
To: Shirley Crenshaw/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Mike A
Roberts/HOU/ECT@ECT, Vasant Shanbhogue/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT,
Osman Sezgen/HOU/EES@EES
cc: Vince J Kaminski/HOU/ECT@ECT, Ramona Perkins/Corp/Enron@Enron
Subject: Performance

The Research group will be conducting a Performance Review Committee (PRC)
meeting in early December.  All Vice Presidents, Sr. Directors and Directors
should attend.  Shirley Crenshaw will be contacting you to schedule the PRC
meeting date and time. These are the current available dates:
December 4, 8.

In preparation for the meeting please submit recommended rankings and
promotions to me based on employee feedback by November 29, 2000. Please
included analyst/associates,

If you have any questions please feel free to call me or Ramona Perkins at
X58165.

Here is some helpful information for you as we proceed throughout he
Performance Evaluation Process
October 25, 2000 - November 17, 2000 (3 1/2 weeks):
Employees will provide a list of accomplishments occurring after June 1, 2000
to their supervisors
Employees will receive an email advising of access and passwords to PEP
System (10/25)
Employees identify selected reviewers on line and will submit to Supervisor
Supervisor will add and/or delete reviewers in order to capture a full 360
degree feedback
Supervisor will submit and Reviewers will receive an e:mail advising them of
their reviewer role
Reviewers can decline or complete the review

Once System Closes on November 17, 2000,
Prepare for Research PRC meeting (print consolidate review, pre rank
employees, identify candidates for promotion and submit to HR)

Important Dates(I will notify you of any changes):
September 30, 2000 Only employees before 10/1/00 will be included for PEP and
bonuses
October 15, 2000 Whomever is the supervisor for employees on 10/15/00 will be
responsible for their reviews
October 25, 2000 PEP system opens (http:/pep.corp.enron.com)
October 30-31, 2000 PEP Overview session at Doubletree
November 17, 2000 Pep System closes for Feedback
November 23-24 Thanksgiving Holiday
November 29, 2000 Provide HR with pre-rankings and Promotions
December TBD, 2000 Research PRC
January 31, 2001 All reviews must be complete, signed and submitted to HR

Norma
Sr. HR Representative
X31545


Here's the file from Jeff.
---------------------- Forwarded by Robin Rodrigue/HOU/ECT on 03/05/2001
04:21 PM ---------------------------

Jeffrey C Gossett
03/05/2001 04:22 PM
To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Historical Curves


Dear Mr Kaminiski

I am a Graduate Student majoring in Industrial Engr and Operations
Research at the University of California Berkeley. When you came for a
seminar talk in our department, I spoke to you regarding my interest in
working with your group as a Summer Intern followed by a full time
position. I am sending you my resume with this mail.

I have several accomplishments in my academic life, that includes 3
publications and some awards and I am receiving Full Scholarship from the
University for my Graduate Studies. It would be really nice of you if you
can give me a candid appraisal of my chances with the present background
that I have in the fields of Supply Chain Mgmt. Logostics Optimization
Decision Support Systems.

I am looking forward to hearing from you and working with your group in
Enron.

Thanking You
Yours Sincerely
Srijay

SRIJAY GHOSH

--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Office Address                              |  RESIDENCE ADDRESS      |
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Graduate Student                            |  2207 Sacramento Street |
4135 Etcheverry Hall                        |  BERKELEY, CA 94702     |
Industrial Engr. and Operations Research    |  U S A                  |
UNIVERSITY OF CALIFORNIA, BERKELEY          |                         |
CA 94720,  U S A                            |  Ph No 1-510-8482895    |
                                            |        1-510-8482870    |
Ph No 1-510-6432527                         |                         |
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

***********************************************************************
* * *   * * *  L E T    T H E R E    B E     L I G H T   * * *    * * *
***********************************************************************

 - intern.doc


FYI
---------------------- Forwarded by Kurt Anderson/EWC/Enron on 06/10/2002
11:35 AM ---------------------------

Joe Thorpe
06/10/2002 11:18 AM
To: John Nemila/EWC/Enron@ENRON, Kurt Anderson/EWC/Enron@ENRON
cc:

Subject: SCADA & Misc.

Kurt & John,
 I am forwarding this Email from Gary. At this time I have not completed
investigating this problem, when I do I'll let you know so far I have been
unable to find a reason for this.
---------------------- Forwarded by Joe Thorpe/EWC/Enron on 06/10/2002 02:32
PM ---------------------------

GVerkleeren@zilkha.com on 06/07/2002 01:19:32 PM
To: joseph.thorpe@ps.ge.com
cc:

Subject: SCADA & Misc.

Joe,

Upon my review of the mon files for Mill Run,  I have discovered some
discrepancies surrounding the recent grid outage on 6-5-02 that require
corrective action.
The Mill Run site experienced grid downtime on 6-5-02 between 2115 and 2330
hours for a total of 2 hrs and 15 minutes.  The associated grid downtime that
was logged by the mon files within Visupro recorded the following:

WTG#1   - 2hrs 20 minutes
WTG#2   - 2hrs 22 minutes
WTG#3   - 2hrs 24 minutes
WTG#4   - 2hrs 26 minutes
WTG#5   - 2hrs 18 minutes
WTG#6   - 4hrs 46 minutes
WTG#7   - 2hrs 12 minutes
WTG#8   - 5hrs 02 minutes
WTG#9   - 2hrs 16 minutes
WTG#10 - 2hrs 22 minutes

The majority of the turbines are within reason except for turbines #6 and #8
which have recorded more than double the actual grid downtime.  In addition,
WTG#4 reports no data in the mon file for 6-2-02, Can you explain this
occurrence?  This is not the first time data has been observed to be missing
from the mon file of an individual turbine.  I also noted that WTG#5
experienced more than 10 hours on repair on 6-6-02, Was there a failed
component that was replaced on this date?

As previously discussed, I want Visupro to be an effective tool for both you
and me.  We need to work together to work out all of the bugs and reporting
malfunctions so that we can have a high level of confidence that it is
performing calculations and reporting accurately.  Please forward my concerns
to the appropriate people within GE so as to respond to these couple of items
in a timely manner.  Understanding the mon file discrepancy in particular
will be useful for the upcoming meeting with GE personnel to work through the
availability calculations.

Furthermore, please provide me with the field reports for the shaft
inspections recently performed at Mill Run.  Am I correct in saying that 3
shafts were tested at Mill Run and none at Somerset?

I look forward to your responses

Gary

Gary Verkleeren
Zilkha Renewable Energy
68 Braddock Drive
Ohiopyle, PA  15470

Office:  724 434-1542
Mobile: 724 554-0924
Fax:  724 434-1543


That all depends on your definition of the word"job." It was actually
anticlimactic---Mark told Bob he needed to stick around on some of the old EI
litigation, a fact we already knew. Are you at the Sempra deposition. how is
it going?

	Gail Brownfeld/ENRON@enronXgate
	03/07/2001 03:06 PM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc:
		 Subject: RE: IHI Arbitration: PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT
COMMUNICATION

 He keeps saying that he "needs" the $15 million.  Maybe it's a budget thing.
I think he really just wants to renegotiate the deal.  I don't think he
thinks that IHI has the money to pay us back.
 What happened at the meeting on Monday with Mark?  Do I still have a job?

 -----Original Message-----
From:  Sanders, Richard
Sent: Wednesday, March 07, 2001 3:02 PM
To: Brownfeld, Gail
Subject: RE: IHI Arbitration: PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT
COMMUNICATION

Thanks. I have no idea why Enerson is being so panicky.


The Government of Alberta Power Purchase Arrangement Auction of the regulated
generation Plants and Units commenced Wednesday, August 2nd, and will
continue through a number of rounds over a number of days and possibly
weeks.  Enron Canada Power Corp. (ECPC), a wholly-owned subsidiary of Enron
Canada Corp., is an Invited Bidder participating in the Auction.  For
strategic corporate purposes and as a result of restrictions imposed under
the Auction Participation Agreement and the Auction Rules (compliance with
which is secured by a US$27MM Bid Deposit), any information, details or
speculation regarding ECPC's involvement in the Auction, including whether
ECPC is participating or continuing to participate in the Auction or has
withdrawn from the Auction at any time, the Plants or Units ECPC is or is not
bidding on, the amounts ECPC is bidding or is approved for bidding, and any
other information whatsoever about the Auction process is to be kept strictly
confidential.  In particular, the Auction has been followed closely by the
media and may be of interest to shareholders, investors and other
constituents, and such communications are prohibited until after the Auction
has been completed and the Winning Bidders have been announced by the
Government of Alberta.

If you have any questions or concerns, please contact Peter Keohane, Enron
Canada Corp., at 403-974-6923 or Peter.Keohane@enron.com.


THIS IS AMAZING.  THE GUY MUST BE SMOKING CRACK COCAINE.  I AM SO GLAD THAT I
DON'T HAVE TO LIVE IN A STATE THAT IS THIS F!#(@(* STUPID.  MAYBE WE SHOULD ?GO AROUND IN THE NUDE TO KEEP COOL - PROBABLY RAISE THE THERMOSTAT ANOTHER 5 ?DEGREES?????From: Jeff Dasovich on 04/11/2001 05:11 PM?Sent by: Jeff Dasovich?To: Richard Shapiro/NA/Enron@Enron, James D Steffes/NA/Enron@Enron, Paul ?Kaufman/PDX/ECT@ECT, Karen Denne/Corp/Enron@ENRON, mpalmer@enron.com, Susan J ?Mara/NA/Enron@ENRON, Sandra McCubbin/NA/Enron@Enron, skean@enron.com?cc:  ??Subject: Governor's Survey to Silicon Valley Manufacturer's Ass. ??FYI.  More on the Governor's comprehensive energy crisis management plan:  ?"Change the thermostat." ?----- Forwarded by Jeff Dasovich/NA/Enron on 04/11/2001 04:36 PM -----??	"Laura Goldseth" <lgoldseth@svmg.org>?	04/11/2001 02:44 PM?		 ?		 To: <lgoldseth@svmg.org>?		 cc: ?		 Subject: PLEASE RESPOND??Silicon Valley Manufacturing Group Members:??The Governor's office has reached out to the Silicon Valley Manufacturing?Group to assist them in understanding the needs and concerns of the business?community.  One very important aspect of the energy issue is that of?conservation.  In an attempt to understand the usage patterns of business?and their efforts towards conservation, the Governor's office asked that we?implement this quick survey.  Please take a moment to answer the following?questions and return to me via e-mail by 4:30 this evening.  By completing?this survey we will help the Governor address our needs.???-Please indicate at what temperature your company has historically kept the?thermostat set.???-Please indicate where your company expects to keep the thermostat set given?the current conditions.?????*PLEASE NOTE*?All information received through this survey will remain confidential.  SVMG?continues to protect the interests of its member companies.  This survey in?no way demeans that obligation.  All information provided to any party will?be anonymous.  Thank you for taking the time to complete this survey.  Given?the urgency of the current situation and its constantly changing nature, I?apologize for the short time frame in which to respond.  Any information?will be appreciated.????