State energy contracts must be paid off by users in system

By Ed Mendel
 SAN DIEGO UNION-TRIBUNE STAFF WRITER

July 12, 2001

SACRAMENTO -- California businesses are being hit by big electricity rate
increases, some as high as 100 percent, and they would like to be able to
shop around for cheaper power.

But state regulators are poised to ban customer choice, or "direct access"
as it has come to be called, because they want to make sure that enough
customers remain with utilities to pay for state power purchases.

After a month of closed-door talks, the revelation that the state has signed
$43 billion worth of long-term power contracts at above-market prices helped
scuttle an attempt to work out a compromise in the Assembly.

*
<http://www.signonsandiego.com/news/reports/power/20010712-9999_7m12correct.
html> For the record: Power story correction

*
<http://www.signonsandiego.com/news/reports/power/20010712-9999_1n12enron.ht
ml> Senate panel, energy firm fighting tough

  <http://www.signonsandiego.com/images/trans_1x1.gif>

"If the intent of the big customers is to leave the small customers paying
for those contracts, we are going to fight like hell," said Lenny Goldberg,
a lobbyist for The Utility Reform Network.

Jack Stewart, president of the California Manufacturers and Technology
Association, said large business users were offering to pay off the back
debt of Southern California Edison, estimated at $3.5 billion, in exchange
for direct access.

"I thought we were making a lot of progress until the information on the
contracts came out," Stewart said. "We really don't have a way of dealing
with those contracts."

Now Stewart is suggesting that direct access be slowly phased in over a
period of years and that the long-term power contracts be renegotiated,
perhaps with some being switched from the state to big-business users.

The manufacturers association and the California Chamber of Commerce helped
organize a business coalition, Californians for Energy Action, that wants a
cheaper alternative to power purchased for utility customers by the state.

"Many large and small California businesses have seen their electric bills
double," says a newspaper ad being run by the coalition this week. "These
cost increases are a burden that will cause consumer prices to increase,
some businesses to fail and jobs to be lost."

A rate increase approved by the state Public Utilities Commission for PG&E
and Edison customers in May fell heaviest on business users. The PUC said
that the average residential increase was about 50 percent, while the
average business increase was about 75 percent.

Legislation that authorized the state to begin buying power in January for
the utilities, who were crippled by a failed deregulation plan, bars rate
increases for residential customers who use up to 130 percent of the
baseline, the minimal amount deemed necessary for a household.

Senate President Pro Tempore John Burton, D-San Francisco, and other
legislators have argued that large businesses should bear most of the burden
of the failed deregulation plan because it was business, not residential
consumers, who pushed for deregulation.

Alan Zaremberg, president of the California Chamber of Commerce, said that
forcing businesses to bear a "disproportionate" rate increase will cost
everyone through higher prices for goods and services and possibly a loss of
jobs.

"If government didn't allow implementation of deregulation in the right
manner," Zaremberg said, "then we all have to find a solution. We are all in
this together, and that's residential and business alike."

The legislation that authorized the state to buy power also directed the PUC
to ban direct access power purchases, if the loss of rate revenue from the
departing customers would harm the ability to pay off a power bond.

The state plans to issue a bond of up to $13.4 billion in September or
October to repay the taxpayer-supported state general fund for power
purchases. The bond would be paid off by ratepayers over 15 years.

Last week, the Senate rejected a bill by Sen. Debra Bowen, D-Marina del Rey,
on a 19-12 vote that would have allowed businesses to shop for power if they
paid an "exit fee" to protect the bond payments. Business groups said the
fee was too large and would not result in lower power costs.

"I cannot carry a direct-access bill that makes it harder to sell the bonds
or that shifts costs from large users, who leave for cheaper power, to
smaller users and residential ratepayers," Bowen said.

Burton and Bowen have both criticized Gov. Gray Davis' plan to keep Southern
California Edison from joining Pacific Gas and Electric in bankruptcy. They
say the plan, which includes the state purchase of the Edison transmission
system, is too generous to Edison.

Both Burton and Bowen have suggested that an Edison bankruptcy may not be a
calamity. But in the Assembly, Speaker Robert Hertzberg, D-Van Nuys,
launched a drive for an alternative Edison rescue plan that was based on
gaining business support by offering direct access.

Hertzberg asked a former Democratic assemblyman, Phil Isenberg of
Sacramento, to try to work out an agreement among the various special
interest groups: business, labor, consumers and generators.

The basic plan considered by the Isenberg group would have left "core"
customers -- residences and small businesses -- in a regulated system
receiving power at stable prices from the generators and contracts retained
by the utilities.

Businesses and other large users, the "non-core" customers, would be free to
shop around for low-cost power by 2003 if they agreed to help pay off the
Edison debt.

The Edison rate increase for large users would be limited to 50 percent. The
PUC would create a "balancing account" to track costs, issuing a refund if
too much was collected or raising rates if revenue fell short.

Business and generator groups told Hertzberg last week that they reached
agreement on a general framework, with the exception of the state purchase
of the Edison transmission system and some other issues. But the consumer
and labor representatives opposed the framework.

Mike Florio of The Utility Reform Network said in a dissenting statement
that an across-the-board allocation of state power costs would be "clearly
unfair" and cause residential users to subsidize direct-access customers.

Hertzberg said he is considering some of the ideas in the framework
presented by the Isenberg group and may make a proposal in a week or two.

"We are looking at all the possibilities," Hertzberg said. "We are trying to
do some form of direct access within the current contract structure."


Return Receipt

 Your         World Series in Question
 document:

 was received Kyle Jones/US/AMERICAS/Equant
 by:

 at:          01:00:51 PM Today


Kate-
Can you verify with Mark that there were two identical trades done on Jan 8,
2001

Enron Sells Southern California Edison
100 mws
sp-15
165.00
jan 10-31, 2001

We received an executed confirmation letter from the cp but the deal number
is not avaliable (the fax machine cut off the deal number)  {just collecting
all the confirms for the California situation.}

the deal numbers I have located are 492137.01, 492152.01
Just making sure  one is not a duplicate.
Thanks


It was sitting on Haedicke's desk.  Eva, is going to pick it up and bring it to you for signature.

 -----Original Message-----
From: 	Mrha, Jean
Sent:	Tuesday, November 27, 2001 10:04 AM
To:	Nemec, Gerald
Subject:	RE: LRCI Board

Thank you, but no I have not seen the new resolution.  Could it be with Redmond or Haedicke?

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Tuesday, November 27, 2001 10:01 AM
To:	Mrha, Jean
Cc:	Kitchen, Louise
Subject:	LRCI Board

Jean,  We have appointed three new directors for LRCI, Inc.  They are yourself, Mark Haedicke, and Brian Redmond.  The records show the current directors as Mark Haedicke and Louise Kitchen, but we were unable to find any resolutions supporting this.  We will clean the records up to reflect the new directors.  Since you and Brian are on the management of Bridgeline, it is a more logical fit for you to be directors.  The resolutions for the Napoleonville Land Sale with the new directors are being circulated for signature.  You may have already seen it.  Let me know if you have any questions.  Thanks.


Mitch, Don't kill me, just call.

Attached are  revised slides, revised as follows:

1. Cover page adds "OPUC" and changes the date to today's date
2. The first bullet under the FERC timeline -- added statement that FERC
order is more likely to be issued towards the end of the year
3. Under Additional Information Required -- included statement that the
delivered price test on the Alturas Line should include various buyback
options for Sierra from its divested generators
4. Under Issues to be Resolved -- consolidated three bullets into two
discussing the potential impact California plays  on FERC's action on the
merger
5. Deleted the bullet under the SEC slide stating that the SEC could begin
considering the application before FERC  issues its final order -- we could
not verify this with Joanne, and Sam Behrends said he thinks the SEC is
unlikely to act on the application (due to workload) before FERC issues its
order.

Please let me know if you have any questions.


fyi
---------------------- Forwarded by Elsa Villarreal/HOU/ECT on 02/09/2000
01:40 PM ---------------------------

Imelda Frayre
02/04/2000 08:54 AM
To: Carrie Hollomon/HOU/ECT@ect, Kimberly S Olinger/HOU/ECT@ECT, Bryce
Baxter/HOU/ECT@ECT, Gary Nelson/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Maria
Garza/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Judy Townsend/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Mark Friedman/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT,
Katherine L Kelly/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Elsa
Villarreal/HOU/ECT@ECT
cc: Scott Mills/HOU/ECT@ECT
Subject: Transport P/L (With Fuel) Report

Just wanted to inform all of you about the new report option that is now
available in CPR Print Manager.  The new report includes the same information
that is found on the "Transport Profit/Loss" report plus fuel detail
information that was not available on the original report.  Examples of the
additional fuel detailed information that can be found on the new report are
listed below:
Fuel Percent
Fuel Volume
Fuel Charge

The new report can be found in CPR Print Manager in the Estimated Economics
Report category as illustrated below.  If you have any questions regarding
this new "Transport P/L (With Fuel)" report, please call me at x35423.

Imelda Frayre


Thanks for the invitation.  Unfortunately, I will be on vacation next week
and will not be able to attend.  Have fun!  --Sally

Barbara G Dillard
12/16/99 09:51 AM
To: Barbara G Dillard/HOU/ECT@ECT
cc:  (bcc: Sally Beck/HOU/ECT)
Subject: Project Aruba Closing Dinner

******The time of the party has been changed to 6:30 p.m. - should you have
any questions I can be reached by pager (1-800-917-0654) or e-mail.******

Barbara

You're invited to a Party in honor of all the individuals whose hard work and
dedication helped in the closing of the Project Aruba deal.  We would be
honored if you can attend.

Please R. S. V. P. to me by e-mail no later than Friday, December 17, 1999,
12:00 p.m. if you will be attending (The restaurant will be open exclusively
for our party).

The following are the details:

 Date:  Monday, December 20, 1999
 Time:  7:30 p.m.   6:30 p.m.
 Place:  Daily Review Cafe (corner of Dunlavy and Lamar)

Hope you can make it!!!!


Here is the file.  We used Victor's transport model that he uses for all of
the other transport deals.  The omicron volatility curve that we used was 11
- the same as other Chigate deals.  Give me a shout with any questions.
PL

---------------------- Forwarded by Phillip M Love/HOU/ECT on 07/10/2000
10:54 AM ---------------------------

	Enron North America Corp.

	From:  Victor Guggenheim                           07/10/2000 10:58 AM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject:


Susan:

Regarding "Energy New England LLC", I found the attached.  Please let me know
what we actually prepared in the past (if anything).  In any event, we will
need the latest update as well as an update from credit.  Sara

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 01/18/2001 10:40 AM -----

	Sara Shackleton
	10/25/2000 02:13 PM

		 To: jimdelani@aol.com
		 cc: Joe Gordon/Corp/Enron@Enron, Edward Sacks/Corp/Enron@Enron, Susan
Bailey/HOU/ECT@ECT
		 Subject: ISDA Master Agreement prepared by Enron North America Corp. ("ENA")

Jim:

Pursuant to our recent conversation, I have attached below a DRAFT of ENA's
standard (1) municipal ISDA Schedule and (2) Paragraph 13 to the ISDA Credit
Support Annex.  These two documents are intended to supplement the
boilerplate for the ISDA Master Agreement and the ISDA Credit Support Annex.
The forms are generic, that is, they have not been tailored for use by a
specific municipal counterparty; they would necessarily be the subject of
specific negotiations.

Energy New England's agency relationship with the various municipalities
appears to cover physical trading.  Notwithstanding the agency agreement, the
financial trading world requires much more specificity, including but not
limited to, evidence of authority to execute a master financial agreement and
transactions thereunder.  Additional information, including a legal opinion,
is also required.

I assume from our prior conversation that you already have in your possession
copies of the ISDA boilerplate.  Please advise otherwise.

You should feel free to contact Ed Sacks with questions regarding collateral
support documentation.  As I mentioned, the attached Paragraph 13 has not
been customized.

Please feel free to call if you have any questions.

Sara


- Paragraph 3: Same concern as in last email.
- Paragraph 4: Are we happy to forego the application of the liabilities
clause whenever a Counterparty does a transaction under a Master agreement,
instead of a GTC?

Dave

   Carol St Clair @ ECT                05/11/2000 07:12 PM

To: David Forster/Corp/Enron@Enron
cc: Tana Jones/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT

Subject: Kennecott ETA Amendment Letter

David:
Enclosed is a new draft of the Kennecott amendment letter.  Mark and I have
discussed the counterparty termination language and have come up with the
language that I have high;lighted.  Upon your approval, I plan to use the
same language for the Duke and Cinnergy letters.

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)


FYI
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 04/24/2000
10:33 AM ---------------------------

Ben F Jacoby
04/23/2000 10:54 AM
Sent by: Ben Jacoby
To: Christi L Nicolay/HOU/ECT@ECT
cc:
Subject: TVA Press Release on Generation Plans

Thought you might be interested in the press release below.

Ben
---------------------- Forwarded by Ben Jacoby/HOU/ECT on 04/23/2000 08:59 AM
---------------------------

"Gary Hasty" <ghasty@pd-engineers.com> on 04/22/2000 08:37:16 AM
Please respond to <ghasty@pd-engineers.com>
To: "Ben Jacoby (E-mail)" <ben.f.jacoby@enron.com>
cc:
Subject: TVA Press Release on Generation Plans

This item appeared in The Times & Free Press on Saturday, April 22, 2000.
Thought you might be interested in it.

Gas Turbines Help Meet New Power Peaks for TVA

     By DAVE FLESSNER
     Business Editor

The Tennessee Valley Authority hasn't started building any new coal or
nuclear power plants in more than 25 years.

But the federal utility is still adding to its power to meet the growing
demand for electricity.

In each of the next three years, TVA is adding eight gas-fired turbines to
help meet ever-higher electricity peaks in the summer months.

The new units won't run most of the time, unlike the base-load plants
erected during the first half-century of TVA's history. But TVA is still
spending more than $700 million for all of the new plants and contracting to
spend more money buying power from other producers in the Tennessee Valley.
"Our summer peaks are growing from 2 to 3 percent a year and we need these
units to meet our power demand," said TVA spokesman Gil Francis. "These are
the most reliable and best-cost option for us at this time."  With an extra
600 megawatts of capacity from eight of the gas- or oil-fired turbines this
summer, TVA officials insist they are ready for an expected record-breaking
demand for electricity later this year.

"We don't control the weather," TVA Senior Vice President Greg Vincent told
agency directors earlier this week. "A real extreme weather event could
cause us problems, and a lot of other people problems. But outside of that,
we have taken every measure we can."  TVA consumers demanded a record 28,295
megawatts last July 30 when temperatures across the valley averaged 96
degrees. TVA projects the demand will be up 2 to 3 percent this year because
of the growing number of homes, businesses and air conditioners in its
7-state service territory.

TVA is adding four gas turbines at both its Gallatin and Johnsonville fossil
plants in Tennessee. The turbines will cost about $200 million and give TVA
a total of 28.  The agency will build another eight units next summer, and
its board on Wednesday approved a $246.8 million contract with General
Electric for another 680 megawatts of peaking power from eight more units.
Those units, equipped to burn either coal or oil, are scheduled to come on
line in June 2002.  "There's a long waiting period for these units, so
you've got to get in line to get them ready when you need it," Mr. Francis
said.

But the scheduling and cost for the peaking units is far less than building
a major power plant. The Watts Bar Nuclear Power Plant, which TVA began in
1972, wasn't completed until 1996. The Unit 1 reactor alone cost $6 billion
to complete.  To pare its $27 billion debt, TVA's board adopted a 10-year
plan three years ago to limit new borrowings and to turn to other suppliers
or peaking units to meet future energy growth.  Next year, TVA also has
contracted to begin buying up to 440 megawatts of power from the Red Hills
Power Project, a privately owned, lignite-powered plant in Mississippi.

TVA has a backup plan this summer to buy up to $100 million in electricity
from outside its system if needed to ensure it has a cushion of about 16
percent, Mr. Vincent said.  Drought conditions that could have limited power
generation from TVA's 29 hydro units eased some with early April rains.
However, valley rainfall still stands about 11/2 inches below normal for the
year.

Gary L. Hasty
57 White Plains Drive, Suite 200
Jackson, TN  38305
(901) 664-0209 Office
(901) 660-2631 Fax
(901) 267-6672 Cellular
ghasty@pd-engineers.com


I was just looking at the confirm for April and I believe the pricing doesn't match up.  Let me know if you have any questions.

Thanks.

 -----Original Message-----
From: 	Germany, Chris
Sent:	Monday, May 06, 2002 5:03 PM
To:	Germany, Chris; 'Jim Taylor (E-mail)'; 'mgarner@reliant.com'; 'sdeleon@reliant.com'
Cc:	'Pete Torres (E-mail)'; 'Shawn Kirkpatrick (E-mail)'; Hamic, Priscilla; Dhont, Margaret; Polsky, Phil; 'anny.page@reliant.com'; 'Tiffanie Wheeler (E-mail)'; Brady, Kevin; Kelly, Katherine L.; Greif, Donna; Barbe, Robin
Subject:	Gas flow and prepayment schedule through 5/7/02

Shelley verified receipt of our $10,000.00 payment o Reliant last Friday.  Thanks Shelley.

Our current cash balance with Reliant is $60,880.00.


I wasn't clear if the new B-1 is supposed to supplement or replace the old
B-1.  It is up to you as to which specifications you think are pertinent.
That gets a bit more technical than what I'm capable of judging.  You might
want to give the old stuff the once over to make sure there isn't anything
which in a worse case scenario you might miss having in there.

Kay

To: Kay.Mann@enron.com
cc: Brett.R.Wiggs@enron.com

Subject: RE: Exhibits to Enron South America Gas Turbine Purchase Agreement t

Kay you can use the spec (B-1) as sent by Lee to you yesterday.  It is very
generic and the specifics of the Electrobolt project as far as performance,
guarantees, gas quality, etc have been addressed elsewhere.
Thanks,
John
---------------------- Forwarded by John R Ayres/NA/Enron on 12/12/2000 08:53
AM ---------------------------

lee.johnson@ss.ps.ge.com on 12/11/2000 05:15:51 PM
To: Kay.Mann@enron.com, lee.johnson@ss.ps.ge.com
cc: peterthompson@akllp.com, john.r.ayres@enron.com,
kent.shoemaker@ae.ge.com, Cheryl.Lipshutz@enron.com,
roseann.engeldorf@enron.com, Brett.R.Wiggs@enron.com, Ben.Jacoby@enron.com,
paulpipitone@akllp.com, robtaylor@akllp.com, chriscobb@akllp.com,
michael.storm@ss.ps.ge.com

Subject: RE: Exhibits to Enron South America Gas Turbine Purchase Agreemen t

 - SS_Final Exhibit B-1(rev 4)_ENRONCOMMENTS_R2.doc


thanks

Enron Global Markets
520 Madison Avenue
New York, NY 10022
Tel: 212.715.5283
Fax: 212.715.5608
E-Mail: Limor.Nissan@Enron.com

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Thursday, October 18, 2001 12:24 PM
To:	Nissan, Limor; Aronowitz, Alan
Subject:	CFTC Inquiry

I have spoken with Ron Carletta at the CFTC and explained our position - that is that as far as we know the LJM entities have only engaged in exempt transactions and are not required to register as CPO's.  He has my name and number if he has any further questions.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)


Hughes
Fallon
Kitchen
Lavorato
Delainey
Dietrich
Causey
McMahon
Bowen
McConnell
Shankman
Sherriff
Brown
Piper
Garland
Whalley


[IMAGE] I'm writing to let you know how your company's white papers can be easily available to thousands of qualified energy professionals. Energy Central's Research Report Center has added a new section specifically designed for professionals searching for energy related white papers. The Center's user-friendly interface ensures that your company's white papers will be found, as users are able to quickly sort and view all documents.   There are no fees to post or view any of the energy industry white papers posted on the Energy Central Website. Don't be left out -- be one of the first companies to be included in this exciting new opportunity!  I'm confident that Energy Central can aid you in your marketing goal of reaching more qualified energy professionals. Please call me to discuss how you can showcase your white papers through our award-winning Website.   <http://www.energycentral.com/sections/research/default.cfm?rtype=all >    Regards, Mark Johnson Director of Contentmark.johnson@energycentral.com  Phone: 303-782-5510   2755 South Locust Street  -   Suite 201 - Denver, CO 80222 Phone: (303) 782-5510  -  FAX (303) 782-5331 http://www.energycentral.com      This message is brought to you as a registered user of Energy Central. If you wish to discontinue   receiving this type of message, reply to this message with 'Stop Ads' in the subject of your message.


Attached is Sara's Project List.


Start Date: 2/28/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001022808.txt


?
Subject: Click and go to http://www.enerfax.com if can not view  properly.htm

?
[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]	[IMAGE]
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																										Click here for  a daily email link

																							Enerfax Daily

																																				[IMAGE]
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																															Enerfax  Daily? -? Page  ? -? November 3,  2000? -? ? Need a  Past Issue
-Click Here

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																														Enerfax  Daily? -? Page  ? -? November 3, 2000

																															[IMAGE]

																															back up above $5.00 maybe as early as next week. Natural gas  for next day
delivery was up across the US and Canada yesterday as  the cash market
followed the futures rally. Natural gas for next day  delivery at the Henry
hub rose $0.11 to $4.47 per MMBtu. Cash prices  have fallen to a sharp
discount to futures, as heating demand is  expected to increase in December.

																																		[IMAGE]

																																	Columbia Pays for Imbalances

																																	Columbia Gas Transmission and Columbia  Gulf Transmission will have to pay
$27.5 million after an  investigation by FERC into natural gas imbalance
transactions. In  the order, FERC approved a stipulation and consent
agreement that  directed the pipelines to compensate customers that were
excluded  from an arrangement that allowed shippers to generate revenue
through seasonal price fluctuations.

																																				[IMAGE]

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																																					Enerfax  Daily? -?  Page 5? -?  November 3, 2000

																																						[IMAGE]

																				NEB  Releases Energy Market? Assessment

																				? ?The National Energy Board has released its  latest in a series of Energy
Market Assessment? reports  entitled Canadian Natural Gas Market Dynamics and
Pricing. The  report identifies the factors that affect natural gas prices
and  describes the current functioning of the regional gas markets in
Canada. The Board's report concludes that Canada has become part of  an
integrated North American natural gas market. Natural gas can be  bought from
many supply sources and delivered to any market centre  through an extensive
North American pipeline grid. With the  increased integration of the markets,
regional supply and demand  forces are felt throughout the marketplace. It
also says that a  combination of strong economic growth in North America, a
preference  for natural gas fired electricity generation, and low natural
gas  prices led to sustained growth in demand throughout the 1990s.  However,
the growth in natural gas supply has lagged during the last  few

																																	years. This is primarily attributable to the low oil price  environment of
1997/1998 which reduced cash flow for the producing  sector. In turn,
drilling activity decreased throughout North  America. Since demand growth
has outpaced supply growth, natural gas  prices have increased significantly
over the last year. With oil  prices recovering sharply in 1999/2000, the
producing sector has  responded and drilling activity is at high levels.
Despite the  drilling activity, there is a lag between developing additional
gas  supplies and connecting those supplies to the market. In time, there
will be a supply and demand response and accompanying relief in  natural gas
prices is expected. A period of market adjustment is  necessary any time the
dynamic between supply, transportation and  demand is significantly changed.
It is difficult, if not impossible,  to predict with certainty any movements
in the commodity markets.  The Report found that recent increases in the
commodity

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																																							Enerfax  Daily? -?  Page 6? -?  November 3, 2000

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																																						Enerfax  Daily? -?  Page 7? -?  November 3, 2000

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																																		Transco SouthCoast Expansion in Service

																																		?  ? Williams has placed its SouthCoast Expansion project into  service,
increasing capacity on the Transco pipeline system by  204,099 dekatherms per
day to provide additional firm transportation  capacity to serve markets in
Alabama and Georgia. The $108 million  expansion loops 44 miles of 48, 42,
and 24-inch pipeline in Alabama  and Georgia and adds 31,500 horsepower of
compression at compressor  stations in Rockford, AL and Newnan, GA. The new
facilities increase  capacity on Transco's mainline from Station 85 in
Butler, AL to  mainline delivery points in Zone

																																					[IMAGE]

																																	Financial Summary

																																							[IMAGE]

																													")} TC
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you are correct sir!

scott


Dear Mr. Lay ,

                   I was employed as an EGLI employee twelve years ago and currently I am a contractor with EES power company . My wife has been

                   with ENRON for fifteen years eversince she came out of U of H . Our hearts bleed ENRON blood and they were wounded deeply last

                   Friday night when we saw you on TV announcing the sale of ENRON to Dynergy . We are and still very grateful to all the good things

                   that ENRON has provided to our family ( we have three children) and feel so blessed to be associated with such a caring and generous

                   company .

                    Mr Lay , we love you , respect you and most of all we trust you to do everything in your power to help to save ENRON and in process

                    all of its employees . Our hearts were broken when we saw your face in that Friday announcement . The stress of giving up "your child"

                    away can be devastated and I think you have aged greatly the last three weeks or so . The stress impact was almost the same as that

                     which I saw on Mr . Michael Cappellas as he announced the sale of Compaq to HP sometimes ago . Please beleive us we felt this way

                     whether you gave back the 60 millions or not . ( I felt you deserve the money because under your leadership ENRON has growthed

                      tremendously the last fifteen years or so and hence all the people here including the critics have the jobs that they currently have and

                      99.99 % of them would have taken the money anyway besides that what are the reasonable compensation to a leader that have tripled

                      or quadrupled shareholders values ?. Look at Michael Eisner , Larry Orvitz and dozen other Fortune 500 CEO 's compensation including

                      those that have not added any values to their respective companies during their tenure and they will see your compensation are justified .

                     Throughout the years we saw so many changes at ENRON and most disturbing fact is the expenses ( G & A ,outside contractors ,consultant ...)

                      go up thru the roof . Since I am a contractor  I knew how much ENRON paid for such services , me and my wife were trying to do our parts by she

                      wrote and sent an e-mail to Mr Rick Causey suggesting ways to cut down outside contractor 's cost because whatever the savings will be

                      reflected directly to the bottom lines .

                       Mr Lay , whatever happened we will allways trust you to steer ENRON into the right path and we truly wish you Health ,Prosperity and

                       Happiness to you and your family . Thank you for reading this e-mail . Sincerely , Joseph Nguyen .


Robin,

Actually, the relocation department will give you the option to receive the
funds by credit card, check, or wire. You will not have to submit an expense
report.

Thanks,
ib

Robin Rodrigue@ECT
02/23/2001 09:05 AM
To: Ivonne Brown/NA/Enron@ENRON
cc:

Subject: Re: Relocation to Chicago

Ivonne,

Thanks for the information.  Will I receive the $3,500 automatically on my
paycheck, or do I need to submit an expense report to be reimbursed for any
expenses I incur?  If I do need to submit an expense report, who should I
turn it in to?

Thanks,
Robin

	Enron North America Corp.

	From:  Ivonne Brown @ ENRON                           02/23/2001 08:56 AM

To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject: Relocation to Chicago

Robin,

You will be receiving a cost-of-living adjustment of 20% when you relocate to
Chicago plus an additional $1,000 per month.  In addition, we will provide
relocation assistance for your household goods and car transportation.

Allowance
$3,500 will cover expenses which are outside the movement of your household
goods.  (This amount is before taxes.)

Household goods move
Option 1 - Full service of household goods
Option 2 - Self move / $1,500  (This amount is before taxes.)

Please let me know if you need additional information.

Thanks,
Ivonne Brown


Torrey, the 2 deals with  Sempra should not be terminated.  Only terminate
the 7 deals w/NJR Energy.  Thanks.   DJ

Torrey Moorer
07/07/2000 03:34 PM
To: Tana Jones/HOU/ECT@ECT
cc: Sheri Thomas/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT
Subject: Terminate EOL Trades

Hi Tana,

I have nine EOL transactions which Dick Jenkins needs to have termination
agreements done up on. The terminations arise from mutual agreement after
some bad prices were traded each way. Please feel free to call me if you have
any questions, or if there is any additional information you may need. Thanks!

Torrey Moorer
x36218


I am attaching a revised draft notice of intent to exercise the purchase
option for the equipment for the CA transactions. We need two separate
notices - one for CA I and one for CA II.  Ben/Fred/Rebecca, could you please
prepare a draft of the two exhibits?

Lisa/Catherine/Rose, I revised the form of notice to make it track the
participation agreement and the development and construction management
agreement.

I've tentatively dated the notice as of this Friday.  By my calculations,
Monday is our drop dead date since a waiver of the 5 day period is not an
option, and the deal dies if not closed by the 15th.

Ben mentioned that I should be drafting a "release letter" for the banks
and/or DevCo. It would be a big help if someone could point me to the section
in the documents which set forth the requirements of the release, since I'm
still wading through it all and haven't found the relevant language yet.
Also, please advise of the results of the conference call which you had with
the lenders (?) and/or their lawyers regarding the issue.

I am working on the assignment and assumption agreement.

Thanks,

Kay


Start Date: 2/1/02; HourAhead hour: 22;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020122.txt


We have a very good relationship, and long term gas sale with Thermo Partners who manage the 270 MW Ft. Lupton facility.  They have inquired as to Enron's interest in either buying the energy, tolling or buying the entire plant.  The effective date would be July 2002.  The plant is currently under a QF contract with PSCo.

Mike, I would like to see if you have some time on Monday afternoon to discuss the particulars and we can devise a game plan to get you connected with these guys.  Let me know your availability.

Thanks
Mark


Platts Energy Bulletin

The daily Energy Bulletin is a showcase of the top headlines posted on
platts.com (http://www.platts.com) over the past 24 hours. To view this file in
html, open the attachment at the bottom of this email. We welcome your feedback
- send your comments to feedback@platts.com. Instructions for unsubscribing can
be found at the bottom of each issue.

February 12, 2002

What's New on platts.com?
Platts Enron Report: Read about the implications of Enron's bankruptcy on the
financial and energy communities.
(http://www.platts.com/features/enron/index.shtml)

Iranian Gas Industry: Iran is seeking to establish a partnership with a European
gas company as part of its plan to market Iranian gas in Europe, Iranian oil
minister Bijan Zanganeh said.
(http://www.platts.com/features/iran-interview/index.shtml)

European Power Market Profiles: An overview of power markets in France, Germany,
Italy, Spain and the UK.
(http://www.platts.com/electricpower/profiles/index.shtml)

Advertisement:
Platts Global Energy Jobs Board and Resume Bank: Created in partnership with the
Energy Jobs Network, the Jobs Board gives you access to a pool of job seekers
and open positions across the energy industry. It's free for all job seekers,
and there is a range of packages for employers posting jobs.
(http://www.energyjobsnetwork.com/home.asp?code=platts)

Futures Round-up

NYMEX: Crude to open lower as Monday's rally clearer
NYMEX March crude oil is called to open 29 cts lower at $21.12/bbl Tuesday.
March Brent is called to open 40 cts lower at $21.00/bbl. March heating oil is
called to open 84 pts lower at 55.35 cts/gal and March unleaded gasoline is
called to open 64 pts lower at 61.36 cts/gal.

IPE Brent Focus: IPE Brent crude lower following sharp rally late Monday
IPE Brent futures ticked lower in open outcry dealing Tuesday on the back of a
lack of fresh buying following Monday's late sharp price rally, sources said.
Light profit taking caused prices to drift slowly lower as front-month March
futures stood at $21.10/bbl at 1116 GMT, off 34 cts from Monday's close.

News Round-up
Click on the headlines below or paste the URLs provided in your internet browser
to see the full story.

OIL:
Saudi Arabia's Naimi wants oil price around $20/bbl
Saudi Arabian oil minister Ali Naimi Tuesday said he wanted to see crude prices
close to $20/bbl, AFP reported. At a joint press conference in Riyadh with
visiting Norwegian oil minister Einar Steensnaes, Naimi said the price should
"not be significantly less than $20/bbl and not significantly higher than
$20/bbl." (http://www.platts.com/archives.shtml#58856)

NATURAL GAS:
Iberdrola may bid for Enron's Spanish operations
Iberdrola is studying the possibility of bidding for some of Enron's power plant
projects in Spain, a spokesman for the Spanish power producer said Tuesday.
(http://www.platts.com/archives.shtml#58852)

PETROCHEMICALS:
DuPont to align businesses into five growth platforms
DuPont has announced further developments in its push as a "sustainable growth
company" with plans for the alignment of its businesses in five market-and
technology-focused growth platforms.
(http://www.platts.com/archives.shtml#58813)

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products and services needed worldwide by companies involved in the generation
and delivery of electric power and its related services. It is a dynamic
information service, updated daily as companies enter the market, merge or
change their product/service offerings.

ELECTRIC POWER:
UK launches extreme weather study for transmission lines
UK energy minister Brian Wilson has initiated a study of the electricity
transmission and distribution system's resilience and its ability to cope with
extreme conditions or an emergency. (http://www.platts.com/archives.shtml#58851)

NUCLEAR:
NRC Commission tells staff to prepare interim security orders
The NRC Commission has told staff to prepare orders on interim security measures
the commission wants reactor licensees to adopt, given the current threat
environment. (http://www.platts.com/archives.shtml#58829)

COAL:
OVEC sells notes to finance SCR construction
Ohio Valley Electric Corp. has sold $305-mil of notes to pay for the selective
catalytic reduction systems under construction at its two coal-fired power
plants, the utility said. (http://www.platts.com/archives.shtml#58826)

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Annual Global Power Markets Conference. March 24-26, 2002, in New Orleans.
(http://www.platts.com/electricpower/GPMConf2002/index.shtml)

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Hi Martina & Trena,

I made a few minor changes to the models...  I reckon these models can be
checked in Houston now - the raw data is included (see attached spreadsheets)
and all the regression parameters and main statistics are displayed.  I
became interested in how far DZCV and PLLU should be below RPI and whether
this model is reflecting any reversion to the RPI level; I believe that the
forecasts are accurately reflecting this.  Please see graphs below:

Both models really need our RPI curve to be linked (at the moment I have just
copied the 2.3% number forward).  Because the auto-regressive error term is
not very important, we can run the models forward with reasonable
confidence.  As I mentioned, I don't think we can really run this model more
than 12 months, in fact, I think we should run for 9-12 months and blend the
next 3-4 months out with the long-term model.

Hope I can fix the long-term ones now with some new insight!

Regards,

Anjam
x35383

PLLU:    DZCV:


Enron Benefit Plans
Summary Annual Report

The basic financial and insurance information on the back of this page, as
well as the material below, provide a Summary Annual Report for the Enron
Benefit Plans.  The annual report for each plan has been filed with the
Internal Revenue Service, as required by the Employee Retirement Income
Security Act of 1974 (ERISA).

NOTE:  You may receive a report for a benefit plan in which you are not a
participant or under which you are not entitled.  Entitlement to benefits
under any of the plans is based on the provisions of each plan.

Your Rights to Additional Information

You have the right to receive, upon request, a copy of the full annual
report, or any part thereof, for any plan.  For insured plans, insurance
information (including any sales commissions paid by insurance carriers) is
shown in the annual reports.

To obtain a copy of the full annual report, or any part thereof, for any
plan, write or call:

Enron Corp
1400 Smith Street
Houston, TX  77002-7311

(713) 853-6161

You also have the right to receive from the plan administrator, on request
and at no charge, a statement of the assets and liabilities of the plan and
accompanying notes, or a statement of income and expenses of the plan and
accompanying notes, or both.  If you request a copy of the full annual report
from the plan administrator, these two statements and accompanying notes will
be included as part of that report.

You also have the legally protected right to examine the annual report at the
main office of the plan (Enron Corp., 1400 Smith Street, Houston, TX
77002-7311) and at the U.S. Department of Labor in Washington, D.C., or to
obtain a copy from the U.S. Department of Labor upon payment of copying
costs.  Requests to the Department should be addressed to:  Public Disclosure
Room, N-5638, Pension and Welfare Benefits Administration, U.S. Department of
Labor, 200 Constitution Avenue, N.W., Washington, D.C. 20210.


Hi All,

Calpine appreciates the opportunity to comment on the proposed amendments to
AB 1X.  The proposed amendment would delete language now in section 80110
which provides:  "The department shall have the same rights with respect to
the payment by retail end use customers for power sold by the department as
do providers of power to such customers."

That language is extremely useful for maintaining that the department may
directly bill customers if, for example, the CPUC does not adopt a
sufficient rate recovery mechanism.   It is very important to use that we
keep that language intact.  I don't believe this should be a problem for any
of you but please call me at (916) 443-2500 if it is.  Thank you.

 - subscription protocols..doc


You and Richard had agreed to put in the Feb 28 deadline for providing
alternative rates in Sec 1.7 of the PA

WE are planning to add the following to the end of the 3rd sentence:

by no later than February 28, 2001.

we need to be sure to have that information since so that decision can be
made within the 15 day window. Otherwise, we may have less than 15 days.

Please advise.

Thanks

Stephanie


did you grab Bennett's internet favorites?

 -----Original Message-----
From: 	Bennett, Stephen
Sent:	Tuesday, February 05, 2002 9:54 AM
To:	Reitmeyer, Jay; Shively, Hunter S.; Davies, Neil
Cc:	Labbe, Anne; Oxley, David; Slone, Jeanie; Bennett, Stephen
Subject:	Weather Transition (Complete For My Part?)

Hi Guys?

Per our discussion this morning - two further items needed to complete my end of this transition of the weather team:

1)	A contact number for The Weather Channel - (770) 226-0000.  It's a switchboard number but they do have a dial by name directory - that's how I get anybody I know there.  The 2 names:  Dr. Steve Lyons and Kevin Stenson.

2)	My internet explorer bookmarks can be found at O:/Research/Bennett/Favorites.

My understanding is that this is all you guys need from me to complete my part of this transition.  Please confirm this - and let me know if/what you still need me to do.  To avoid confusion - please respond to everyone on the list above so that we can ensure that HR continues to be in the loop with this effort.

Sorry about the confusion but please let me know what further I can do - or if you are satisfied please confirm that there is nothing further that you need.

Steve

Stephen Bennett
Meteorology Manager
Enron Research
(713) 345-3661


Ben is ok with the extension.

Ben and I have a meeting with the accountants at 200 (just got scheduled -
got to take the apptment when we can).  I'm happy for you guys to go forward
with the call. Ben and I will join later if we finish in time.

Kay

"Keffer, John" <JKeffer@KSLAW.com> on 04/16/2001 06:17:32 PM
To: "'Kay.Mann@enron.com'" <Kay.Mann@enron.com>, "Reuter, Marisa"
<MReuter@KSLAW.com>
cc:

Subject: RE: Northwestern

I've talked to Marguerite.  She agreed to a call tomorrow at 2 PM central.
She is sending to you and me a draft of an extension.  No need to do
anything with it tonight, but I suspect that Mike will begin calling Ben
about it in the morning.

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Monday, April 16, 2001 6:12 PM
To: mreuter@kslaw.com; jkeffer@kslaw.com
Subject: Northwestern

Hi there,

I am meeting with Ben tomorrow to discuss NWestern.  I'm fairly confident
that he will be willing to extend the letter agreement, but he hasn't
called me back today to confirm.

Ms. Kahn and I have exchanged voice mail.  Could one of you return her call
for me?  I'm tied up.  You might get an idea on some times tomorrow for a
call.  I'm booked until around 130 for anything which would last more than
a few minutes.  I'll check with Ben.

Thank you,

Kay

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.


Thanks Laine,

Yes it is very helpful.  However, I think it is apparent that they have an
increasing anxiety level on a variety of fronts which I am sure is being
conveyed to the lenders and could significantly impact their willingness to
fund.  Did you get the same impresion Laine?

Laine A Powell@ENRON_DEVELOPMENT
12/10/2000 04:22 PM
To: Rob G Gay/NA/Enron@Enron, Richard A Lammers/SA/Enron@Enron
cc: Christiaan Huizer/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Johannes.Walzebuck@shell.com.br, Peter E Weidler/NA/Enron@Enron

Subject: Telecom with S&W

Rob and Rick -

 Spoke today with Sue Garven and Brad Barta.  Below find comments/notes -

Brad mentioned his concern about turnover of O&M staff with Duane's
departure.   Responded that we had a capable plant manager with 10 years
plant experience plus key people at the lower levels had remained.  Also told
Brad that the two I&C consultants we have had since the outset of the project
are still working at the facility and that we were taking on 6 technicans
from Siemens during combined cycle start-up.  Brad seemed okay with the
response.

Discussed two key contractual issues -
TAA - They expressed the importance of keeping the TAA in place with no
dilution since it is so important to the lenders.  Furthermore they mentioned
that SCC's position is Siemens will come after us to dilute the TAA and that
in fact it is no longer valid.  (I agree Siemens will come after us for the
risk profile modification) Responded that we felt that the TAA was still
valid and mentioned that Siemens might want the TAA to commence at completion
on oil.  Sue's commented that we need to calculate how much it would cost us
to keep the start date at Substantial Completion on fuel.
Phase II - Explained that given the current commissioning program that we had
no intention of lowering the dampners and testing for simple cycle Phase II
on gas.  They are on board with this concept.  We just need to get a white
paper to them to explain in detail.

Drilling -
The comment was the formations are tough but will get there slowly but surely.
Using 1 May as gas available at the plant date.

Change Orders -
Transmitted SCCs frustration on little movement on change orders related to
the pipeline.  Told them that many of the change orders still without
documents and in any case the strategy was to settle up at the end of the job.
Brad and Sue mentioned that they would feel more comfortable with the process
and putting a number on the value of the change orders if we were closer to
resolution.
worried about the size of the change orders - especially the outside case.
have not given this to the banks
there outside change order case is as follows -

    Power Plant  Pipeline  Total

Total EPC         US$ 419 mm
Approved Change Orders                    22 mm
Pending Change Orders  US$  10 mm  US$ 25 mm               35 mm
Cont Change Orders                8 mm            24 mm               32 mm

Hope this information is useful.

rgds

Laine


Resumes are on your desk


Attached is a summary report of the first quarter EWS tactical (revenue
driven) and strategic (educational) visits to Enron supported by experience
ENRON.

At experienceENRON, our goal is to support the EWS deal development teams by
creating powerful Enron experiences that result in greater favorability and
familiarity of Enron while differentiating us from the competition.

Our role is to:
Reduce time and labor costs associated with planning and execution of
customer visits
Coordinate BU subject matter experts (SME,s) to tell the Enron story, i.e.
EOL, trading, etc.
Customize agendas aligned with Enron and customer objectives
Shorten sales cycles

We are here to support your team in reaching your goals.  Please call with
questions or changes.

Thank you.
Carrie
Manager, Enron Corp Marketing Services
713-853-3522


Thanks...


Following is the EBS Ventures deal tracking sheet for this week.

Thanks!

Rebekah Rushing (rebekah_rushing@enron.net)
Enron Broadband Services
Broadband Ventures group
713-853-3273 - phone
713-646-8010 - fax


The attached news releases were issued via Business Wire at 7:00 a.m. (Indpls time) today.

 - 2001 Investment Community Press Release.doc
 - bioprojet press release.doc


Kevin,
Attached is an abstract of a paper submitted for your consideration for
presentation at the March Electric Power 2002 Conference in St. Louis.  Also
included is a brief biography.

I have also been asked to submit the paper to the Southern Gas Association
Management Meeting in April following the Electric Power 2002 conference.
Do you know if there any issues with copyright of the published paper as
long as the Electric Power Conference is properly referenced?

 <<ABSTRACT.doc>>  <<Biography.doc>>

Regards,

Colin Wilkes,
Principal Engineer,
CASE Control Systems Integration Engineering,
Bldg 40-517,
General Electric Company,
One River Road,  Schenectady NY 12345
Tel: (518)385-7538      Dial Comm 8*235-7538
fax: (518)385-8599      Dial Comm 8*235-8599


The only thing necessary for the triumph of evil is for good men to do nothing.
Edmund Burke (1729-1797)


Jeff

Good to hear from you. I arrive Sunday and depart Wed morning. On Mon there
is the symposium and on Tuesday late morning I address a Berkeley seminar.
Could be free Tuesday afternoon if we don't get sufficient time to talk
Monday.
Regards
Stephen
----- Original Message -----
From: <Jeff.Dasovich@enron.com>
To: Stephen Littlechild <littlechild@tanworth.mercianet.co.uk>
Sent: Friday, November 10, 2000 6:34 PM
Subject: Re: Symposium

>
> Thank you for the note.  I'm very much looking forward to meeting you, and
> hope that you can visit the office while your hear to discuss California.
> How long will you be visiting?
>
> Best,
> Jeff
>
>
>
>                     "Stephen Littlechild"
>                     <littlechild@tanworth.mercia        To:
<Jeff.Dasovich@enron.com>
>                     net.co.uk>                          cc:     "Stephen
Littlechild"
>
<sclittlechild@hotmail.com>
>                     11/10/2000 12:27 PM                 Subject:
Symposium
>
>
>
>
>
> Dear Jeff
>
> I understand from Mark Schroeder tha you will be on the Berkeley panel
> after mine.  I look forward to meeting you and learning more about the
> present situation there. You could contact me at my hotmail address this
> weekend if you needed to.
> regards
> Stephen Littlechild
>
>


FYI

---------------------- Forwarded by Stinson Gibner/HOU/ECT on 08/17/2000
11:25 AM ---------------------------
From: Samer Takriti@ENRON COMMUNICATIONS on 08/17/2000 10:57 AM
To: Stinson Gibner/HOU/ECT@ECT
cc:
Subject: Colorado

Stinson,
I prefer to skip the trip. As I said, it would feel a little uncomofortable
and strange. Thanks though.
-Samer


FYI:  Brent will be on vacation this Thursday and Friday, March 15th and
16th.


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 02/04/2000
06:35 AM ---------------------------

"Glover, Rusty" <rglover@halff.com> on 02/03/2000 03:46:11 PM
To: "GREG (E-mail)" <glover@neto.com>, "CHERYL (E-mail)"
<ckhalla@swbell.net>, "ROCHELLE (E-mail)" <AggieEngineer@email.msn.com>,
"FENNY (E-mail)" <clay@ectisp.net>, "KAK (E-mail)"
<KEVIN_CAMERON@SEALAND.COM>, "stick (E-mail)" <travis_cash@dell.com>,
"CAMILLE (E-mail)" <kcdavis@pdq.net>, "KYLE (E-mail)" <KFKU@dynegy.com>,
Daren J Farmer/HOU/ECT@ECT, "BRAD DAVIS (E-mail)" <doodoc@hotmail.com>, "JON
CROSS (E-mail)" <joncross@rlkengineering.com>
cc:
Subject: FW: Missing Man Formation

-----Original Message-----
From: Abbott, Todd
Sent: Wednesday, February 02, 2000 5:00 PM
To: Glover, Rusty; Beard, Jaime; Woodson, Todd; Hauser, Tony; Canedy,
Frank; 'Hatch, Jessica'; 'Lynch, Jerilyn'; 'Rea, Michelle'; 'Van
Fleteren, Jennifer'
Subject: FW: Missing Man Formation

-----Original Message-----
From: Jennifer Martin [mailto:jnmartin97@hotmail.com]
Sent: Tuesday, February 01, 2000 7:16 PM
To: emartin@mail.esc4.com; Abbott, Todd; abraun97@hotmail.com;
chris@figdigital.com; joseph.j.piotrowski@ac.com
Subject: Fwd: Missing Man Formation

>From: "K.C. Allan" <kcallan@hotmail.com>
>To: Jbt@tca.net, joshbuis@swbell.net, Aggie97ljt@aol.com,
>dave_kent@hotmail.com, andrea.ivers@usa.net, bryan_reinke@notes.amdahl.com,

>celeste.y.flores@ac.com, ckoehn@dynamsys.com, cmh5695@medicine.tamu.edu,
>cmaltsberger@lanner.com, dholwerda@unitedtexas.com, dhartman@gdhm.com,
>dmc097@hotmail.com, jamierespondek@hotmail.com, aggie94@vvm.com,
>minchinton@aol.com, jnmartin97@hotmail.com, jprejean@law.harvard.edu,
>kirstenkloepfer@hotmail.com, kandyl03@aol.com, ldp2795@acs.tamu.edu,
>michael_ham@bigfoot.com, jlkloepfer@msn.com, peggy@msc.tamu.edu,
>RussNJan@aol.com, ryan.smith@enform.com, jascollin@msn.com,
>stevef@mail.utexas.edu, timothy.r.fox@us.pwcglobal.com,
>vca5222@acs.tamu.edu, whitney.s.fox@us.arthurandersen.com
>Subject: Missing Man Formation
>Date: Tue, 01 Feb 2000 10:47:31 CST
>
>
>

______________________________________________________
Get Your Private, Free Email at http://www.hotmail.com

 - att1.htm

Message-ID: <11EC9291C92CD31190E100902785504F038365@124-cdm-242.tca.net>
From: Chuck Ellison <chuck@ellisonlaw.com>
To: "Denise Werst (E-mail)" <dswerst@wcc.net>, "Bill Helwig (E-mail)"
<helwig@attorneyhelwig.com>, "Bill Martin (E-mail)" <wpm15@juno.com>,  "Bill
Mitchem (E-mail)" <bmitc2665@aol.com>, "Bob Appleton (E-mail)"
<bapplet@mailgw.dot.state.tx.us>, "Bob Shield (E-mail)"
<rcshield@phoenix.net>, "Clint Schroff (E-mail)" <schroff@tca.net>,  "David
Hickson (E-mail)" <dhickson@auctionmart.com>, "Don Jones (E-mail)"
<djones@tca.net>, "Jimmy Bond (E-mail)" <jbond@tca.net>,  "Jon Miller
(E-mail)" <jm@rmmtex.com>, "Kent Caperton (Business Fax)"
<IMCEAFAX-Kent+20Caperton+40+2B1+20+28512+29+20370-2850@ellisonlaw.com>,
"Kim Ellison (E-mail)" <kimberlye23@hotmail.com>, "Marty Roos (E-mail)"
<mir@obht.com>, "Mat Moten (E-mail)" <motenm@aol.com>,  "P.K. Imbrie
(E-mail)" <pkimbrie@ecn.purdue.edu>, "Paul Clarke (E-mail)"
<clarke@tca.net>, "Penny King (E-mail)" <pking@athletics.tamu.edu>,  "PJ
Ellison (E-mail)" <sonny@phoenix.net>,  "Porter & Lisa Garner (E-mail)"
<GARNER@afs.tamu.edu>,  "Reba Ragsdale (E-mail)" <ragsdale@cy-net.net>, "Ron
Spies (E-mail)"  <ronspies@tamu.edu>, "Steve Beachy (E-mail)"
<sbeachy@ci.college-station.tx.us>, "Steve Rodgers (E-mail)"
<rodgers@rmmtex.com>, "Ted Beck (E-mail)" <tb30749@navix.net>,  "Wallace
Trochesset (E-mail)" <lja500@swbell.net>, Tedi  <Tedi@ellisonlaw.com>, "Alan
Futrell (E-mail)" <donalan686@aol.com>,  "Bill Flores (E-mail)"
<whf@rmi.com>, "Brent Futrell (E-mail)"  <bfutrell@xit.net>, "Chris Burkard
(E-mail)" <cburkard@aol.com>,  "David Buttery (E-mail)" <tbuttery4@aol.com>,
"Dean Williams (E-mail)"  <dwilliams@dkseeds.com>, "Fred & Harriet McClure
(E-mail)"  <fredmc@ix.netcom.com>, "H. Lewis Aven (E-mail)"
<lewis_aven@mail.bankone.com>, "John Hatridge (E-mail)"  <hatridge@icsi.net>,
"JOHN WOFFORD (E-mail)"  <JWOFFORD@TIMBERLAKEDICKSON.COM>, "Keith Merrick
(E-mail)"  <kmerrick@sccgroup.com>, "Ladd Roberts (E-mail)"
<laddr@swbell.net>,  "Mark Probst (E-mail)" <probst@pbworld.com>, "Mike Havel
work (E-mail)"  <mhavel@metrocustomplastics.com>, "Robert Waggoner (E-mail)"
<nodus@airmail.net>, "Steve Webb (E-mail 2)" <steve_webb@csgi.com>,  "Steve
Webb (E-mail)" <swebb@Tidalwave.net>
Subject: Missing Man Formation
Date: Tue, 1 Feb 2000 10:02:20 -0600
Return-Receipt-To: Chuck Ellison <chuck@ellisonlaw.com>
MIME-Version: 1.0
X-Mailer: Internet Mail Service (5.5.2448.0)
Content-Type: multipart/mixed;
boundary="----_=_NextPart_002_01BF6E90.16740850"

I hope that you enjoy this as much as I did.  For those of you who cannot
get it open, it is a picture from the cockpit of the plane of the missing
man during the flyover at the A&M vs. tu game.

 <<Kyle Field.jpg>>

Chuck Ellison
Charles A. Ellison, P.C.
P.O. Box 10103
College Station, TX  77842
(409) 696-9889
(409) 693-8819 (fax)
chuck@ellisonlaw.com

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

 - att2.htm
 - Kyle Field.jpg


Lindy:
Please send those to me as well.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Wednesday, February 20, 2002 9:48 AM
To:	Donoho, Lindy
Cc:	Ratner, Michael; Thames, Davis; Howard, Kevin A.
Subject:	RE: TW Business Plan

If you could help me with a couple of pieces we will be moving in the right direction.     I am looking for a history of TW and some basic overview stuff.

 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Wednesday, February 20, 2002 9:06 AM
To:	Howard, Kevin A.
Cc:	Ratner, Michael; Thames, Davis; Hayslett, Rod
Subject:	RE: TW Business Plan

I didn't get a response from Tracy yesterday, so I'll ask you.  Is Gina Taylor's group working on a draft of the Business Plan?  I understood from Tracy in our meeting with Steve last Friday that someone in Gina's group would be working on a draft of the text version of the presentation.  Do you know if that's happening?

 -----Original Message-----
From: 	Geaccone, Tracy
Sent:	Tuesday, February 19, 2002 9:17 AM
To:	Hayslett, Rod; Howard, Kevin A.
Cc:	Ratner, Michael; Donoho, Lindy; Thames, Davis; Geaccone, Tracy
Subject:	TW Business Plan

I did not have the updated model so I could not add assumptions from there, projected revenue growth, financial data, etc.  I need to get Michael or Davis to add.    I realize there is quite a bit of work to be done as far as putting this into a narrative format.  Hopefully this will start the process.  I think Lindy is the best person to help with this while I am out.  Thursday is probably the first day I will feel like looking at this.  I realize the timing is not great for my surgery, however, is there really ever a good time.  I actually planned this over a month ago.

 << File: BUSINESS PLAN OF TRANSWESTERN PIPELINE COMPANY.doc >>


Dan & Debra -

Attached is a worksheet for a new Master Firm Purchase/Sale with Cross
Timbers Oil Company.  We currently have a Master Physical with this
counterparty, but I want to revise this agreement to reflect the attached
terms.

Please prepare and send out to Mr. Louis Baldwin at Cross Timbers at your
earliest convenience.

Thanks,

Jay


-----Original Message-----
From: Guadarrama, Michael
Sent: Wednesday, June 06, 2001 9:35 AM
To: Zipper, Andy
Subject: FW: Kiodex Pre-meeting ROOM CHANGE TO EB2324

Robbie Pateder will be the Project Manager working this from the tech side.

Regards,
Michael

-----Original Message-----
From: Pateder, Robbie
Sent: Wednesday, June 06, 2001 9:32 AM
To: Guadarrama, Michael
Subject: FW: Kiodex Pre-meeting ROOM CHANGE TO EB2324

-----Original Message-----
From: Moorer, Torrey
Sent: Tuesday, June 05, 2001 5:07 PM
To: Pateder, Robbie; Cass, Robert B.; Denny, Jennifer; Meredith, Kevin
Subject: FW: Kiodex Pre-meeting

Apologies, but the location has been changed to EB2324
-----Original Message-----
From: Moorer, Torrey
Sent: Tuesday, June 05, 2001 4:08 PM
To: Pateder, Robbie; Meredith, Kevin; Denny, Jennifer; Cass, Robert B.
Subject: Kiodex Pre-meeting

Hi Guys,

I have reserved EB2710 from 10AM until 11AM Wednesday to get together and go over mapping and information requirements for Kiodex. Please plan on attending and let Jennifer Rosado know if you have any scheduling conflicts.

Thanks,

Torrey Moorer
EnronOnline Product Control Group
(713) 853-6218


Sara,
I sent the Schedule of Interest Rates to Glenn Divencenzo at JP Morgan with
my comments after I spoke with him.
He is following up with Legal on their side.
sg


Attached is the EPSC Invoice.Please review the invoice for accuracy and call me if you should have any questions or corrections at ext.3-3373.


Laurel:  I am requesting an Enron Corp. guaranty (capped at US$20 million)
for ECT Investments, Inc.  I think we can sign the outstanding confirmation.
Sara


I got a call from Dow Jones today about a price we had posted on EnronOnline
for day-ahead power at Mead for $105/MWh (the FERC proxy price is $91.87).  I
talked to Tim Belden and just because an offer is posted doesn't mean that
there's been a transaction.  Turns out that under our interpretation of the
FERC order, because Friday for Monday transactions exceed the 24-hour
delivery requirement, we believe they're exempt from the order.  Tim said
that at the end of today, we had done five transactions above the cap, but
they decided to lower the transaction price to the proxy price so we'd reduce
any further exposure and scrutiny.


877 670 4111  passcode 589314


If you are looking to feed and challenge your faith, visit
Crosswalk.com's Spiritual Life Channel at:
http://spiritual.crosswalk.com
-----------
T O D A Y    G O D    I S    F I R S T
                  Marketplace Meditations
                       by Os Hillman

A New Breed of Businesspeople

Speak to Zerubbabel son of Shealtiel, governor of Judah, to
Joshua son of Jehozadak, the high priest, and to the remnant of
the people....
- (Haggai 2:2)

Zerubbabel was the governor of Judah 60 years after the great
temple built by Solomon had been destroyed. The temple lay in
ruins, and the Lord spoke to the prophet Haggai, "Is it a time
for you yourselves to be living in your paneled houses, while
this house remains a ruin?" (Hag. 1:4) God was calling for a
remnant of His people to come out of their comfort zones and
restore the glory of God's house.

God is doing this same thing today among Christian businesspeople
throughout the world. He is raising up a remnant of
businesspeople who are being handpicked to use their resources,
skills, and experience to affect nations that have not heard the
message of Jesus Christ. The only way they can hear is by
commerce being brought into their nation through Christian
businesspeople, because these are closed regions to normal
missionary efforts.

"But now be strong, O Zerubbabel," declares the Lord. "Be strong,
O Joshua son of Jehozadak, the high priest. Be strong, all you
people of the land," declares the Lord, "and work. For I am with
you," declares the Lord Almighty. "This is what I covenanted with
you when you came out of Egypt. And My Spirit remains among you.
Do not fear" (Haggai 2:4-5).

The remnant of businesspeople God is calling today understand
that they have to come out of Egypt from their past business
life. Egypt signifies the way of the world. It represents sweat
and toil. It is the flesh. This new way is exemplified by a
pioneer spirit. God knows we need to have courage in order to
move in this realm. Also, God assures us that His Spirit is with
anyone who seeks to live in the realm of supernatural faith.

Are you one of these remnants He has handpicked in these days?
Has He called you out of Egypt in order to do extraordinary
things in your life for His Kingdom? Ask God to show you how He
wants to use you in the marketplace this year. Then act and "be
strong, all you people of the land."

Published and distributed by Crosswalk.com, this daily devotional is
written by Os Hillman (os@marketplaceleaders.org).  Os is president of
Marketplace Leaders, an Atlanta based ministry teaching Biblical
principles for career and business success.  He offers a FREE newsletter
and other resources at:
http://www.marketplaceleaders.org

Order "TGIF: Today God I s  First" - 365 daily meditations to motivate
and inspire for $17 for TGIF subscribers. Click here to order:

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____________________________________________________________


Rick,

In preparation for the meeting with the lenders on Tuesday I was reviewing
the GSA and I wonder if YPF has any force majeure claims which could impede
our rights to terminate.  I know they indicated at least verbally that they
had encountered some problems in Argentina.  Although a stretch has Dean or
Novak indicated that this could be a defense?


As many of you are aware, over the last few weeks the Kiodex transaction has
changed such that it no longer includes the sale of EnergyDesk.   The new
transaction structure is limited to the Kiodex/EOL Strategic Relationship and
performance warrants.  Attached is the final version of the non-binding
Kiodex LOI which was signed November 21, 2000.  Our goal is to finalize the
documents and close by year end.  If anyone has any questions or comments
please feel free to give me a call at the numbers listed below.  Thank you.

Drew Ries
Manager, e-Commerce Ventures
Enron Net Works
1400 Smith Street, EB2735a
Houston, TX  77002

(713) 345-6075 (work)
(713) 569-6131 (mobile)


Robert,

Thanks,  I've talked with EES - Tom White and I will forward on his resume
for consideration.  I will also talk with Stan Horton.

Mike


A position has recently become available for an Assistant Trader working on
the short-term Southwest trading desk reporting toTom Alonso and Mark Fischer.

As an Assistant Trader, you will be responsible for the following duties.

Become familiar with daily Southwest position spreadsheets.
Understand deal capture systems and position/VAR reporting.
Gain an understanding of daily trading flow and key fundamentals that affect
underlying commodity price.
Research fundamental supply and demand data, provide results to traders and
fundamental group.
Become familiar with Enron Online stack manager.
Understand OASIS transmission reservation process, look for value in
transmission opportunities and transact approved transmission reservations.
Research and understand volume management process and CA settlement fees.
Gain understanding of scheduling process.
Various other duties as assigned.

If you have any questions about the role or would like more information,
please see Tom or Mark.  If you are interested in this position, please
submit your name to me no later than the close of business on Tuesday,
February 13th.

Amy


Enerfax GOLD
NORTH AMERICA'S FREE? GAS, OIL, LIQUIDS & DERIVATIVES
INFORMATION SOURCE
   Wednesday, January 30 2002? No. 472
Visit our website at: http://www.enerfaxgold.com

PETROLEUM PRICES ???
| Bonny Light      |  $19.52
| Brent            |  $19.39
| Butane           |  $ 0.36
| Fuel Oil #2      |  $ 0.52
| Louisiana        |  $20.00
| Medit.           |  $17.59
| Propane Non-tet  |  $ 0.29
| Propane Wet-tet  |  $ 0.29
| W. Tx Int Cush   |  $19.58
| W. Tx Sour       |  $18.25

| Euro in US equiv |  0.8655
-------------------------------------------------------------
Todays Petro Bulletins
 * Valero 4th Quarter Earnings Fall 45%
 * API Says Gulf Coast Gasoline Stocks Up 2.661 Million Barrels Last
Week
 * API Says Crude Oil Stocks Up 0.027 Million Barrels Last Week
 * Stock Build Cuts Down Recent Oil Price Rally
 * Unocal Posts 4th Quarter Loss of $29 Million After Charges
 * Petro-Canada Appoints Norman McIntyre New President; Ron Brenneman
Continues as Chief Executive Officer
 * EOG Resources Has $27.6 Million 4th Quarter Loss, Including $19.2
Million Enron Charge
-------------------------------------------------------------
ENERGY MANAGEMENT INSTITUTE
Higher Education for refined product professionals
NOW ENROLLING RISK MANAGEMENT COURSES: PROFESSIONAL GASOLINE AND
DISTILLATE
MANAGEMENT, PETROLEUM MARKETER, and  ADVANCED GASOLINE AND DISTILLATE
MASTER
LEVEL.
REGISTER NOW, CLASS SIZES ARE LIMITED.
SEE COMPLETE DETAILS CLICK HERE: http://www.energyinstitution.org
--------------------------------------------------------------
NYMEX - NY Harbor Heating Oil? ? ? ? ? ?
Month ??High ??Low? ? Last ? Change
Feb 02 0.5270 0.5190 0.5205 -0.0108
Mar 02 0.5290 0.5200 0.5221 -0.0099
Apr 02 0.5305 0.5240 0.5251 -0.0089
May 02 0.5340 0.5281 0.5281 -0.0089
Jun 02 0.5380 0.5325 0.5326 -0.0089
Jul 02 0.5445 0.5386 0.5386 -0.0084
Aug 02 0.5510 0.5466 0.5466 -0.0079
Sep 02 0.5580 0.5556 0.5556 -0.0079
Oct 02 0.5700 0.5646 0.5646 -0.0079
Nov 02 0.5780 0.5726 0.5726 -0.0079
-------------------------------------------------------------
NYMEX Crude Oil Futures ($ / Barrel)
Month ?Open ?High ??Low ?Last  Change
Mar 02 19.75 19.80 19.48 19.58 -0.47
Apr 02 20.07 20.12 19.81 19.91 -0.43
May 02 20.20 20.28 20.00 20.08 -0.40
Jun 02 20.35 20.40 20.15 20.19 -0.37
Jul 02 20.38 20.38 20.20 20.22 -0.34
Aug 02 20.40 20.40 20.20 20.24 -0.32
Sep 02 20.50 20.50 20.23 20.25 -0.32
Oct 02 20.45 20.45 20.27 20.27 -0.31
Nov 02 20.30 20.45 20.29 20.29 -0.30
Dec 02 20.57 20.57 20.31 20.31 -0.29
-------------------------------------------------------------
Crude Oil Futures Slip After 6-Day Rally

    Crude oil futures for March delivery on the NYMEX slipped $0.47
to $19.58 per barrel, ending a 6-day rally amid forecasts of another
weekly build in crude oil inventories. Many expected the API to
report that crude oil stocks increased by 1.3 million barrels for the
week ended January 25th. In general, the expectations for inventory
builds across the petroleum board were strong. Earlier in the week,
some support for the market was found in a report by Petrologistics
that the 10 OPEC countries with quotas trimmed output by 1.4 million
bpd, not far from the cartel's pledge to lower production by 1.5
million bpd. But prices were pressured downward yesterday after a
survey by Dow Jones that contends the cartels production in January,
excluding Iraq, will be 22.78 million barrels, more than 1 million
barrels above its new quota of 21.7 million barrels. February heating
oil and gasoline futures on the NYMEX, which are expire on Thursday,
came under increased selling pressure. Heating oil for February
delivery on the NYMEX dropped $0.0108 to $0.5205 per gallon. February
gasoline futures on the NYMEX fell $0.0142 to $0.5669 per gallon. In
London, Brent crude oil futures for March delivery on the IPE were
down $0.41 to $19.24 per barrel

API Report for Week       Change from Week   Change from Week
Ending 1/25/02              Ending 1/18/02     Ending 1/26/01

CRUDE.........315.00 MLN    UP    0.03 MLN     UP   32.19 MLN
DISTILLATE....141.44 MLN    DOWN  0.15 MLN     UP   28.45 MLN
GASOLINE......216.10 MLN    UP    2.74 MLN     UP    9.36 MLN HEATING
OIL... 60.75 MLN    UP    1.12 MLN     UP   14.36 MLN UTILIZATION...
85.8%        DOWN  2.6%         DOWN  4.7%
-------------------------------------------------------------
????????????????????
NYMEX Henry Hub Natural Gas Futures
12 Month Strip ?2.4381 +0.0657 ? ? ?
18 Month Strip ?2.5883 +0.0617 ? ?
| Month | High  |  Low  | Close | Change |
| FEB   | 2.080 | 1.910 | 2.006 | +0.098 |
| MAR   | 2.090 | 2.010 | 2.067 | +0.083 |
| APR   | 2.180 | 2.100 | 2.150 | +0.071 |
| MAY   | 2.270 | 2.200 | 2.240 | +0.065 |
| JUN   | 2.350 | 2.280 | 2.320 | +0.065 |
| JUL   | 2.395 | 2.350 | 2.393 | +0.063 |
| AUG   | 2.445 | 2.390 | 2.453 | +0.063 |
| SEP   | 2.455 | 2.420 | 2.458 | +0.059 |
| OCT   | 2.480 | 2.450 | 2.488 | +0.059 |
| NOV   | 2.720 | 2.690 | 2.718 | +0.054 |
| DEC   | 2.930 | 2.900 | 2.933 | +0.054 |
| JAN   | 3.025 | 3.000 | 3.031 | +0.054 |
-------------------------------------------------------------
Allegheny Energy Supply Company, Salt River Project (SRP) and Sempra
Energy
Resources announce Open Season for proposed Desert Crossing Gas
Storage and
Transportation System. Open Season for customers interested in
capacity
begins Jan. 10, 2002 and extends through Feb. 8, 2002.  For
information,
visit http://www.desert-crossing.com
-------------------------------------------------------------
Refinery Earnings Tumble

    Economic recession, high product inventories and mild weather
have cut 4th quarter profits at oil refineries, despite lower crude
oil prices. Valero Energy says January's profit margins were even
weaker than those posted in the 4th quarter, when margins declined
40% from last year. Valero reported net income fell 45% to $51.6
million, or $0.82 per share, compared with $93.3 million, or $1.47
per share. in the prior year's 4th quarter. Marathon Oil also says
profits from its 62% stake in MAP, a joint downstream venture with
Ashland, fell on lower refining and wholesale marketing gross profit
margins. Last Friday, Ashland reported earnings from refining and
marketing fell about 32% on lower profit margins. Marathon says 4th
quarter refining, marketing and transportation income was $221
million, compared with the $305 million a year ago. Including all
operations, Marathon posted a loss before special items of $898
million, or $2.90 per share, compared with a loss of $310 million, or
$1 per share, in the year-ago period. After adjustments for special
items, Marathon's net income was $98 million, or $0.32 per share,
compared with $386 million, or $1.25 per share, a year ago.
-------------------------------------------------------------
??GET REAL about energy risk management with KWI

In today's fast moving energy markets you need to be able to manage
risk in real time.
That means knowing before you hit a risk problem, not afterwards when
it may be too late to prevent big losses spreading right through your
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With kW3000(tm), our multi-commodity, integrated front to back office
software, you can monitor your Profit At Risk(tm), counterparty risk
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Keep alert to risk. Do it in real time. Call KWI -http://www.kwi.com/
Americas: +1-281-681-3301 / Europe: +44 (0) 20-7386-2700 / Asia
Pacific: +61(0) 2-9976-6111 ?????
-------------------------------------------------------------
Petro-Canada Buys Veba Assets from BP

    Petro-Canada is buying the exploration and production assets of
Germany's Veba Oil & Gas from BP in a C$3.2 billion deal that will be
funded by debt. The cash deal brings Petro-Canada assets in the North
Sea, North Africa and South America. It opens the door to a host of
new international prospects in concentrated areas. The transaction is
expected to increase Petro-Canada's earnings and cash flow per share
immediately, allowing it to fund growth and pay down the debt it is
taking on. It is Canada's 4th largest oil producer, refiner and
gasoline marketer by stock market value. Last year it bought Lundin
Oil's Libyan assets to complement its Algerian holdings. It is best
known for natural gas and oil sands assets in Western Canada, stakes
in offshore projects on the East Coast and a national chain of
gasoline stations. Petro-Canada beat out Australia's Woodside
Petroleum for the assets. Veba produces 175,000 barrels of oil
equivalent per day and has proved reserves of 600 million barrels.
The addition will increase Petro-Canada's reserves by 71% to 1.4
billion barrels of oil equivalent, and output 78% to 400,000 barrels
of oil equivalent per day. In North Africa, Veba has production in
Libya and Syria and a small position in Egypt.
-------------------------------------------------------------
IPE-Brent Crude futures (US $/barrel)
Month ?First ?High ?Low ??Sett ?Chg
MAR 02 19.40 19.40 19.08 19.24 -0.41
APR 02 19.51 19.54 19.26 19.45 -0.35
MAY 02 19.65 19.66 19.40 19.54 -0.36
JUN 02 19.48 19.57 19.34 19.45 -0.36
JUL 02 19.46 19.57 19.34 19.46 -0.33
AUG 02 19.45 19.58 19.45 19.49 -0.33
SEP 02 19.44 19.60 19.44 19.52 -0.32
OCT 02 19.55 19.55 19.55 19.55 -0.31
NOV 02 19.58 19.58 19.58 19.58 -0.29
DEC 02 19.62 19.65 19.51 19.61 -0.27
-------------------------------------------------------------
NYMEX-Mont Belvieu Propane
Gas Futures($ / Gallon)
Month ? ?High ??Low ??Last ? Change
Feb 02 0.0000 0.0000 0.2915 -0.0035
Mar 02 0.0000 0.0000 0.2890 -0.0035
Apr 02 0.0000 0.0000 0.2910 -0.0015
May 02 0.0000 0.0000 0.2935 -0.0015
Jun 02 0.0000 0.0000 0.3000 +0.0000
Jul 02 0.0000 0.0000 0.3100 +0.0000
Aug 02 0.0000 0.0000 0.3150 +0.0000
Sep 02 0.0000 0.0000 0.3200 +0.0000
Oct 02 0.0000 0.0000 0.3240 +0.0000
Nov 02 0.0000 0.0000 0.3250 +0.0000
-------------------------------------------------------------
ChevronTexaco Posts 4th Quarter Loss

    ChevronTexaco has posted a 4th quarter loss, mainly due to write-
offs of $1.85 billion in assets because of lower oil and natural gas
prices and $1.17 billion for merger costs. ChevronTexaco had a loss
of $2.52 billion, or $2.36 per share, compared to net income of $2.04
billion, or $1.92, a year ago, based on the combined pre-merger
reports of Chevron and Texaco. Revenue fell by 33% to $21.5 billion
from $32.3 billion. Earnings from oil and natural gas production
tumbled 73% to $544 million from $2.05 billion. Refining profit
margins dropped 45%. Merger expenses, estimated to be about $1.5
billion through 2003, climbed because of higher costs associated with
workforce reductions. ChevronTexaco has cut about 2,000 jobs out of
the 4,500 it has planned. Merger expenses of $1.17 billion included
about $700 million for the workforce reduction, $300 million for the
relocation and closing of offices, and $150 million from the sale of
assets. It now expects its total costs from the $45.8 billion merger
to rise by a third to $2 billion. ChevronTexaco also wrote-off the
$100 million cost of a computer program. In the 4th quarter,
ChevronTexaco's oil and natural gas production climbed to 1.8 million
barrels of oil equivalent per day from 1.74 million. Income from
refining, marketing and transportation business slid 57% to $215
million from $498 million. The price ChevronTexaco received for its
oil was down 39% to $16.95 in the 4th-quarter and natural gas fell to
$2.27 per MMcf from $5.62. Sales of gasoline and refined products
slipped 3% to 1.65 million bpd. Operating losses from ChevronTexaco's
chemical joint venture with Phillips Petroleum increased to $17
million last quarter from $13 million a year ago, due to a drop in
chemical profit margins. The company wrote down the value of oil and
natural gas producing properties by $1.4 billion because of a price
drop in the quarter. It also lowered the value of assets in its
chemical unit and properties that were deemed as unprofitable to
develop by $452 million. Excluding special items, ChevronTexaco's 4th
quarter earnings would have been $498 million, or $0.47 per share,
almost half of analysts average estimates of $0.90 per share.
-------------------------------------------------------------
IPE - ARA Gas Oil Futures $ / Tonne
Month ??High ??Low ???Sett ?Change
FEB 02 163.75 160.75 161.50 - 2.50
MAR 02 163.25 161.25 162.00 - 2.25
APR 02 165.00 163.00 163.50 - 1.25
MAY 02 165.75 165.00 165.50 - 0.50
JUN 02 168.25 166.50 167.25 - 0.25
JUL 02 169.00 169.00 169.00 - 0.25
AUG 02 171.00 170.50 171.00 + 0.00
SEP 02 173.00 172.75 173.00 + 0.25
OCT 02 175.00 175.00 175.00 + 0.75
NOV 02 176.25 176.25 176.25 + 1.00
-------------------------------------------------------------
NY HARBOR UNLEADED GAS FUTURES
Month? ?High ? Low ???Last ??Change
Feb 02 0.5730 0.5610 0.5669 -0.0142
Mar 02 0.5820 0.5690 0.5757 -0.0133
Apr 02 0.6495 0.6390 0.6440 -0.0123
May 02 0.6540 0.6460 0.6508 -0.0117
Jun 02 0.6560 0.6500 0.6526 -0.0112
Jul 02 0.6480 0.6460 0.6480 -0.0106
Aug 02 0.6375 0.6368 0.6368 -0.0098
Sep 02 0.6200 0.6186 0.6186 -0.0095
Oct 02 0.5921 0.5815 0.5921 +0.0106
Nov 02 0.5836 0.5810 0.5836 +0.0000
--------------------------------------------------------------
Marathon Posts $898 Million Loss

    Marathon Oil has reported a 4th quarter loss of $898 million, or
$2.90 per share, from $310 million or $1 per share a year ago, as a
weak economy and mild temperatures sliced demand for oil and natural
gas. Revenue fell to $6.85 billion from $8.05 billion, or 15%.
Marathon, was split into a separate company after parent USX spun off
its steel business. USX changed its name to Marathon and will focus
on oil and natural gas production and refining. It took charges of
$996 million in the 4th quarter, mainly due to its split from USX's
steel business. Excluding the charges, profit would have been $98
million, or $0.32 per share. The average estimate of analysts was
$0.41. Profit from oil and natural gas production plunged 71% to $117
million. Earnings from refining crude oil, transportation and
marketing dropped 28%, to $221 million.
-------------------------------------------------------------

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PHYSICAL GAS PRICES? ? ?
Gulf/Eastern Region
| Agua Dulce               | 1.90  |
| ANR SE                   | 1.96  |
| Carthage TG              | 1.95  |
| Chicago Citygate         | 2.01  |
| Columbia Gulf Onshore    | 1.97  |
| Dominion South Point     | 2.10  |
| Henry Hub                | 1.97  |
| Houston Ship Channel     | 2.01  |
| Katy Hub                 | 1.95  |
| NGPL LA Pool             | 1.92  |
| NGPL - Midcontinent      | 1.90  |
| NGPL STX                 | 1.92  |
| NGPL TX/OK               | 1.91  |
| NNG Demarc.              | 1.99  |
| Niagara                  | 2.17  |
| Sonat Tier 1             | 1.96  |
| TCO IPP Pool             | 2.08  |
| Tetco ELa                | 1.96  |
| Tetco M-3                | 2.27  |
| Tetco STX                | 1.92  |
| TGP Zone 0               | 1.92  |
| TGP Zone 1 (500 Leg)     | 1.95  |
| TGT Zone SL              | 1.97  |
| New York Citygate        | 2.32  |
| Transco Station 65       | 2.05  |
| Transco Zone 6 (NY)      | 2.32  |
| Trunk ELa                | 1.95  |
| Western Region
| California Border        | 2.07  |
| El Paso Keystone         | 1.94  |
| El Paso San Juan-Blanco  | 1.95  |
| Waha Hub                 | 1.93  |
| Canadian/Rockies Region
| Nova/Aeco (C$/gig)       | 2.73  |
| Dawn Hub/Union           | 2.12  |
| Northwest Stanfield      | 2.00  |
| Wyoming Pool             | 1.84  |
| Opal                     | 1.86  |
| PGT-Malin                | 2.05  |
| Sumas                    | 2.00  |
           Flow Date 1/30
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-------------------------------------------------------------
FINANCIAL SUMMARY
The TSE 300 lost 76.59 points to 7567.14
The CRB Index fell 0.56 points to 187.31
The US Dollar decreased 0.49 points to 119.38
The Dow declined 247.51 points to 9618.24
The S&P 500 dipped 32.42 points to 1100.64
The Nasdaq was down 50.92 points to 1892.99
March NYMEX Crude Oil dropped 0.47 to 19.58
Canadian-US Exchange slid 0.0221 to 1.5904
-------------------------------------------------------------
For information on  advertising on Enerfax GOlD or Enerfax Daily
please write
advertise@enerfax.com or call 800-809-8289
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Michelle:
There are a couple of blanks that we need filled in in this petition.  First, where is EGM incorporated?  We listed EGM as the plaintiff because that is the entity that was the party to the contract with McGowan.  Second, we need a last known address for McGowan.  We do not have that information from the documents you sent us. Thanks.
Kerry E Notestine
Littler Mendelson, PC
1900 Chevron Tower
1301 McKinney Street
Houston, Texas 77010
713.652.4748
713.951.9212 (fax)
knotestine@littler.com
www.littler.com
-----Original Message-----
From:   McInturf, Timothy
Sent:   Wednesday, December 26, 2001 3:59 PM
To:     Michelle Hoogendam Cash (E-mail)
Cc:     Notestine, Kerry
Subject:        EGM v. McGowan

Here's the draft petition we discussed.
Please call with questions or if you need anything.
Tim

 << File: 2twn02!.doc >>


I will improve this tomorrow morning but here is what I am chiseling.  Really need a good sentence on the J&R stuff to refute the kahn et al letter.

- Rob


Please print attachments.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/19/2000 04:21
PM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/19/2000 04:13:08 PM
To: Ben.F.Jacoby@enron.com, Kay.Mann@enron.com, CCampbell@KSLAW.com,
JKeffer@KSLAW.com
cc: DPedigo@INTERGEN.com

Subject: InterGen/ENA - GE Turbines & ABB Transformer

Attached are clean and redlined versions of revised drafts of (i) the
Letter Agreement between ENA and Sweetgum Energy LP relating to CA
Energy Development I, LLC and the GE generator set, and (ii) the Letter
Agreement between ENA and Sweetgum Energy LP relating to the ABB
transformer.  The Letter Agreement between ENA and Sweetgum Energy LP
relating to CA Energy Development II, LLC and the GE generator set will
be in the same form as item (i) above with changes to reflect the proper
LLC.

To expedite matters, these revised drafts are being sent to you before
review by InterGen with the understanding that InterGen may have
additional changes and comments.

In addition to changes necessitated by the substitution of Sweetgum for
Tejas, the letter agreements have been revised to reflect the following
requirements of InterGen:

(i)  The parent guaranty on behalf of Sweetgum Energy LP has been
deleted;

(ii)  A mutual covenant requiring the Parties to use all reasonable
efforts to satisfy the conditions precedent as been added to the end of
Section 3; and

(iii)  A no shop clause on the part of ENA and its affiliates has been
added as  a new Section 17.

The reference to the TRY Ventures International agreement was deleted
from the letter agreement relating to the ABB transformer since it is my
understanding that the ABB transformer was not covered by Coral's
agreement with TRY.  ENA would nevertheless be protected by the general
language of the clause.

Although InterGen is still reviewing these documents for tax and other
concerns, for now the only contemplated changes to the LLC Agreements
and the GE and ABB acknowledgement letters are those needed to reflect
the substitution of Sweetgum for Tejas.

InterGen is still reviewing the Facility Agreement and exhibits
thereto.

I have passed on ENA's suggestion regarding the extension of the
closing date, but have not yet had a response from InterGen.

Doug Pedigo will be tied up tomorrow morning, but Doug and I are
available after lunch for a telephone conference to discuss any comments
you have on the closing.

George


Effective immediately, I am pleased to announce a realignment of
Administrative support for the Gas Logistics, Unify and Electronic
   Commerce Groups.  We have officially hired Brandee Jackson as a new member
of our Admin Team, enabling us to provide
   more hands on support across all of our groups.

   That being said, our administrative support responsibilities are as
follows:

   Heather Choate  Alex Saldana      Brandee Jackson
   Bob Hall   Central Gas Logistics - George Smith   West Gas Logistics -
Randy Gay
   Bob Superty   NorthEast Gas Logistics  - Victor LaMadrid  Texas Gas
Logistics - Pat Clynes/Daren Farmer
   Kathryn Bussell  SouthEast Gas Logisitcs - Ed Terry   Electronic Commerce
- Donna Greif
        Diane Cook      Unify - Donna Greif

  This realignment will enable the assistants to provide more comprehensive
and responsive support for both the day to day
  business needs and special projects.  Please remember that your assistant
is your primary support person!  Please utilize
  her for all of your administrative needs.  This is critical to the overall
desire to provide the most effective service and cost
  efficient support for the entire team.

  Alex and Brandee will back each other up in their absences and will back me
up in my absence.  I will provide Alex and Brandee
  support on an as needed basis.

  Please call me if you have any questions about this new alignment.

  Thank you,
  Heather Choate, x33278


We only send this to the legal team that follows, not the distribution that
Brad sends it to.
----- Forwarded by Tana Jones/HOU/ECT on 11/16/2000 04:49 PM -----

	Tana Jones
	11/16/2000 04:15 PM

		 To: Alan Aronowitz/HOU/ECT@ECT, Jeffrey T Hodge/HOU/ECT@ECT, Stacy E
Dickson/HOU/ECT@ECT, Leslie Hansen/HOU/ECT@ECT, Shari Stack/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, Andrea Calo/SA/Enron@Enron
		 cc:
		 Subject: EOL Credit Responses 11/16/00

RUSH BELOW.
----- Forwarded by Tana Jones/HOU/ECT on 11/16/2000 04:15 PM -----

	Bradley Diebner
	11/16/2000 03:59 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/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, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron
		 cc:
		 Subject: EOL Credit Responses 11/16/00

Please amend the Oneok file asap.

Regards,
bd


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