Oh no, that is too short of a response.  Please don't be upset.  I want to be with you sooooooooooo bad.  I hope you know that.

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Thursday, October 18, 2001 3:26 PM
To:	Griffith, John
Subject:	RE:

thats fine

 -----Original Message-----
From: 	Griffith, John
Sent:	Thursday, October 18, 2001 3:23 PM
To:	Villarreal, Alexandra
Subject:

Oh by the way, I am going to take my car in on Monday, so maybe you can give me a ride on Monday.  I will let you know, thanks for the offer.  I do not know what I am doing this evening yet.  Probably not have time to do anything, I thought I would.  I am sorry.   I would like to meet for breakfast though.  Hope you have time.

I miss you today.


Somehow, I have found myself volunteering to be a United Way Campaigner for
the year 2000.   My best determination, of why I volunteered (not being a
volunteer by nature), is that I believe that the United Way is one of the
"Lifelines" critical to the quality of life, and life itself, for many in our
community.  You may not know, that the United Way Agencies help one out of
every two people living in our community.   When I discovered this fact, I
was astonished at the needs of our community.  I believe that I had become
complacent, surrounding myself only with those fortunate enough to be
employed by a company like Enron.

With knowledge of the needs of my community, I can no longer, in good
conscience, be complacent.  I hope that each of you will join me, and others
in the Enron organization, in making a contribution or pledge to the United
Way.  I am not an "Enforcer"; I have however, by accepting the role of a
Campaigner, become a "Tracker" of contributions.  I am not concerned with the
level of your contribution ( in fact, I will never know the amount of your
contribution), but I do wish for you to join me in support of less fortunate
members of our community.  No amount is too small.........
A $25 Donation provides four families with a weeks worth of food!

Enron's goal is to have 100% of its employees reach out and make at least a
minimal contribution.  I share this goal for our group.  Won't you please
join me in this worthy effort.

Sincerely,
BNG

P.S.  This year, all pledges and contributions must be done by using the
computer system.  It is easy................ It has to be
easy...............Since I have already accomplished this task.

LOG-IN to system on Netscape or Explorer --unitedway.enron.com


Vince and Stinson:

Carol Brown called and we have scheduled the meeting for 4:00 PM on
Thursday, May 11.

It will be in Kevin's office at EB4508.

Thanks!

Shirley

Stinson Gibner
05/08/2000 04:42 PM
To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Meeting w Kevin Hannon

Shirley,

Could you call Carol Brown and set up a time for Vince and I to meet with
Kevin Hannon later this week?

thanks,
Stinson


gngr
713-853-7751
----- Forwarded by Ginger Dernehl/NA/Enron on 10/26/2000 11:14 AM -----

	"DOE-NARUC Summit Team" <ibarreto@caem.org>
	10/25/2000 06:57 AM
	Please respond to ibarreto

		 To: "North American Summit Stakeholder" <ibarreto@caem.org>
		 cc:
		 Subject: DOE-NARUC North American Summit on Harmonizing Business Practices
in Energy Restructuring: Early Registration Deadline

DOE and NARUC are hosting the North American Summit on Harmonizing Business
Practices in Energy Restructuring on November 29 to December 1 in Dallas.
More information is available at http://www.energymarkets.org.

Just a quick note to remind you that the early registration discount
deadline is Friday, October 27.  To register, go to
http://www.naruc.org/Meetings/NA_Summit/registration.htm.

Please forward this email to colleagues who may be interested in this event.

 - winmail.dat


Okay, let's move Steve's Strategy Meeting to 8:30a on the 23rd.

Please adjust your calendars accordingly.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Watson, Kimberly
Sent:	Monday, October 15, 2001 1:21 PM
To:	Robertson, Audrey
Subject:	RE: 2002 Plan Strategy Meeting

Audrey, how about moving the meeting to 8:30?  We will have to leave here by 9:35 or so to get a seat at the employee meeting.

Kim.

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Monday, October 15, 2001 12:14 PM
To:	Robertson, Audrey; Harris, Steven; Watson, Kimberly; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Y'Barbo, Paul
Subject:	RE: 2002 Plan Strategy Meeting

Because of the scheduled Employee Meeting at the Hyatt, we will move Steve's meeting to 9:00a on Tuesday.

Please adjust your calendars accordingly.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Tuesday, October 09, 2001 9:10 AM
To:	Robertson, Audrey; Harris, Steven; Watson, Kimberly; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Y'Barbo, Paul
Subject:	RE: 2002 Plan Strategy Meeting

Steve's 2002 Plan Strategy Meeting has been moved to a new date and time.  Please mark your calendars to reflect:

		Tuesday, October 23, 10:00 - 11:00, EB-1336

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

 -----Original Message-----
From: 	Robertson, Audrey
Sent:	Tuesday, October 02, 2001 11:47 AM
To:	Harris, Steven; Watson, Kimberly; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Y'Barbo, Paul
Cc:	Robertson, Audrey
Subject:	RE: 2002 Plan Strategy Meeting

Please be informed, Steve's  2002 Plan Strategy Meeting has been scheduled for Tuesday, October 9, 10:00 - 11:00a in EB-1336.

Please mark your calendars accordingly.

adr

Audrey D. Robertson
Transwestern Pipeline Company
email address:  audrey.robertson@enron.com
(713) 853-5849
(713) 646-2551 Fax

(713) 646-2551 Fax


At 1pm Houston time today, Senator James Jeffords (R-VT) will announce that he is switching from the Republican Party to become an Independent voting with the Democrats.  If this happens, control of the Senate will switch to the Democrats, which will give the Dems a majority and control of the Senate.

All committee chairs would become Democratic and the Dems would control the legislative agenda
	( Energy bills, California bailout, possible investigation of who influenced the Cheney plan etc.).  In a profound 	ideological shift, Sen. Murkowski (R- AK) would be replaced by Sen. Bingaman (D-NM) as chair of the Senate 	Energy Committee.   When Bingaman takes over the Senate Energy Committee, expect pipeline safety issues to 	again come to the fore.  Bingaman is a strong proponent of tough pipeline safety regulation (particularly in the wake of 	the Carlsbad explosion last year) and will likely insist on strict safety requirements in the Cheney energy bill.

The recommendations for loosening regulations for oil/gas drilling, coal and power as well as incentives for new generation contained in the Cheney bill are likely to be heavily revised in favor of more conservation-oriented measures.

The tax bill will likely be downsized, particularly if Jeffords makes his switch immediately.  The timing is important because the Senate-House conference on the bill must be appointed immediately.

All presidential appointments would be controlled by the Dems.  This is significant because of the large number of sub-cabinet level appointments that need to be approved.

At the same time, Republicans are trying to convince Sen. Zell Miller (D-GA), who already votes Republican, to switch to the Republican party.  If this happens, it will cancel out the expected Jeffords move.  Initial reports are that Miller will not switch.

One other caveat -- Jeffords has pondered a switch in the past and then flaked out.  But if Jeffords goes through with it and Miller stays put, the balance of power in Washington will be tipped in favor of the Democrats.


Did anyone from Enron attend the event referenced in the article below?  Also, in the future I would like to be included if you are notified or invited to these events as it provides good opportunities to get a pulse on the market.

Thanks,

Chris

Forum revisits energy issues

Friday, October 12, 2001

By Bob Kievra
Telegram & Gazette Staff

BOSTON-- Considerable progress has been made to restructure the state's electric power industry, but four years into the process, several lingering issues need revisiting, officials said yesterday.
     At a daylong forum at the Federal Reserve, legislators, utility executives, and consumer advocates said the 1998 law likely needs some fine-tuning, but the benefits of restructuring have largely come to pass.
     The restructuring law, passed amid the promise of lower electric rates and competitive suppliers, has not been a panacea, but it has done much of what was intended, said James Connelly, chairman of the Department of Telecommunications and Energy.
     A robust retail market has failed to emerged, but restructuring has shepherded into place a surplus of wholesale power that insulates the region from California-like problems, Mr. Connelly told an audience of about 110.
     For the first time in Massachusetts, default customers for one utility -- Fitchburg Gas and Electric Light Co. -- are poised to pay less than their standard-offer counterparts, he said.
     "We hope that's indicative of things to come," Mr. Connelly said. "We've got some work to do on that, but hopefully, we'll see something shortly that will push that ball further down the field."
     DTE, which was battered last year for allowing utilities to recoup the costs of rising fuel prices, made the right call, Mr. Connelly said. The process might have been painful, but it sent a message to the market that should stir more interest from other suppliers.
     House Speaker Thomas M. Finneran, who organized the event, said he wanted to hear a broad range of opinions before considering how to address the law's potential shortcomings.
     "I'm encouraged by what I see and hear," Mr. Finneran said during a break. "I like to think we're taking a long-term view. If Massachusetts is to succeed, we need a dependable supply of energy. Without that, you revert to the same status as a Third World country."
     Mr. Finneran said he was not concerned only 4,078 businesses and residential customers have opted to purchase electricity from a competitive supplier -- even though it was one of the restructuring act's goals.
     He said the rapid price increases last year kept many people from leaving their standard-offer service, but falling prices in recent weeks will likely prompt many customers to consider a competitive supplier.
     "It's not a fatal consequence," Mr. Finneran said. "We need to get a more robust market out there, and how we do that is one of the issues we need to talk more about."
     Standard-offer service, which will be phased out, was crafted to give customers savings of 15 percent during the first two years of restructuring.
     Default-service customers are those who signed up for power after the industry's March 1998 restructuring, moved to a different utility service territory or returned to their old utility after leaving a competitive power supplier.
     Standard-offer customers are those who have bought power from the same utility since before restructuring.
     Standard-offer customers initially saw price cuts -- totaling an estimated $1.7 billion -- but those subsidies curtailed suppliers from entering the market, Mr. Connelly said.
     "The temptation to extend standard-offer service should be resisted," he said. "It was necessary to give consumers a sense of value, but it has been a major roadblock to the emergence of competitive suppliers."
     Rep. John J. Binienda Sr., D-Worcester, said new air emissions standards might need revisiting because they would likely force some older power plants to go offline. Losing that reliable supply of energy might be a problem if it cannot be easily replaced, said Mr. Binienda, chairman of the House Energy Committee.
     David L. O'Connor, commissioner of the Division of Energy Resources, said current price trends are encouraging but the state remains a long way away from achieving the full vision of restructuring.
     Utilities such as Massachusetts Electric and NSTAR, which were to be solely distribution companies, remain involved in procurement because of few competitive suppliers, he said.
     Short-term price hikes for wholesale power have yet to curtail the retail demand for electricity and the reliability of some distribution companies has been poor in some cases, he said.
     "This is a symptom of a system that remains relatively immature," Mr. O'Connor said.
     Under the law, investor-owned utilities moved out of the generating business and became mostly distribution companies. But the law's fine print also enabled utilities to recoup millions they say they have lost from selling power at prices below the cost of generation.
     Those added costs soared last year because of rising oil and natural gas prices, producing a tempest which put the law under re-examination.
     Cheryl A. LaFleur, president and chief executive officer of Massachusetts Electric, said now is the time to study restructuring the industry because standard-offer service ends Feb. 28, 2005.
     She said standard-offer rates and default rates are quite close and will likely fall if fuel prices continue to decline.
     Competitive suppliers are still not interested in the retail market, said both Ms. LaFleur and George R. Gantz, senior vice president of Unitil Corp., the parent of Fitchburg Gas and Electric Light.
     The transition to a market-based environment for energy generation has not always been palatable, but the law is fundamentally sound and workable, Mr. Connelly said.
     DTE has tried to walk a tight rope this year, balancing the needs of consumers against those of an industry vital to everyone's well-being, he said. The rolling blackouts in California this year showed everyone how hard a job that can be, he said.
     "California showed that a public utilities commission can kill a market by doing foolish and cowardly things," he said.

--------------------------------------------------------------------------------
Copyright 2001 Worcester Telegram & Gazette Corp.


Count me in.  Rick Antonoff said he, David Mitchell and another bankruptcy lawyer in their D.C. office would be joining us.

Harlan E. Murphy
Enron Wholesale Services - Legal
1400 Smith Street, EB 3811
Houston, Texas 77002
Tel: 713.345.2679
Fax: 713.646.3490
E-mail: Harlan.Murphy@Enron.com

 -----Original Message-----
From: 	Heard, Marie
Sent:	Monday, October 29, 2001 3:16 PM
To:	Sayre, Frank; Shackleton, Sara; Gray, Barbara N.; Koehler, Anne C.; Hendry, Brent; Murphy, Harlan; Portz, David; Hodge, Jeffrey T.; Nemec, Gerald; Sole III, Carlos; Dickson, Stacy E.; Leite, Francisco Pinto; Davis, Angela
Cc:	Cook, Mary
Subject:	Meeting regarding Master Netting Agreements

Mary Cook has requested that you attend a meeting tomorrow morning (Tuesday, October 30) from 10:00 to 11:00 in EB38C2  to discuss master netting agreements.  The directive Mary has presently been given is that we will be preparing various master netting agreements and she would like to solicit as much additional help as she can.  If the directive changes before the meeting tomorrow, we will advise everyone.

Please review the below attachments prior to the meeting if your schedule allows.

Thanks!

Marie

	 << File: Master Netting & Security Agmnt g.doc >> 	 << File: Master Netting Agreement Credit Support Annex c.doc >> 	 << File: master netting issue list.doc >> 	 << File: cwt.doc >>


these are phone numbers for Veterans folks..

 - Veterans Memorial United Methodist Church.doc


Good morning. I'm glad to hear that you are having a better day today. Me, too so far. Yeah, I stayed last night until like 7:45 and finished up that stuff with Mike Etringer. So today should be a bit more chill for me which is awesome. Anyhow, I hope nothing blows up over there for you. Maybe we can go to get some coffee later or something. Did you end up going out last night for some beers? I watched Alli McBeal and ate dinner. It was pretty exciting.


Seen this one?


Eyeforenergy is pleased to announce that one of our sponsoring publications, Risk in Focus (www.riskinfocus.com) has just agreed to sponsor 5 tickets to the upcoming Energy Exchanges Online Europe conference taking place in Amsterdam, February 19-21st at the Hotel Okura.

This means we have 5 tickets to give away at noon (GMT) on Friday.

With speakers from Powergen, Bergen Energi, RWE Trading, Endesa, El Paso, the European Energy Exchange, the UK Power Exchange, and the Amsterdam Power Exchange to name a few, this event is your opportunity to get the lastest news on the energy trading industry.  With the recent changes in the industry, can you afford not to be networking with your peers at this crucial time?

For more information on the conference simply go to www.eyeforenergy.com/freedraw and fill in your contact details.  Recipients will be notified by 1pm GMT on Friday 25th January.

See you in Amsterdam!

The Eyeforenergy Team.


We have received an executed Master Agreement:

Type of Contract:  ISDA Master Agreement (Multicurrency-Cross Border)

Effective Date:   September 20, 2000

Enron Entity:   Enron North America Corp.

Counterparty:   Home-Stake Oil & Gas Company

Transactions Covered:  Approved for all products with the exception of :
Foreign Exchange

Confirming Entity:  Enron North America Corp.

Copies will be distributed.

Stephanie


Chris  It was great seeing you at lunch lets keep in touch

Paul


The ClickAtHome Project team is excited to announce the pilot launch of the
Clickathome Employee Portal! ?The portal was developed by Enron HR and Enron
Net Works, in conjunction with Yahoo!

As a pilot participant, we ask you to test our processes, vendors and portal
developed specifically for you and your family. ?The portal currently
contains news, stock quotes, sports, Enron benefit information, movie
information, and much more! ?Additional information, links, and
Enron-specific content will be coming soon. ?Please test the portal over the
next few weeks and look for our survey coming out after the holiday season.

Note: ?You must use Internet Explorer version 5.0 or greater for the
ClickAtHome Portal.

Get Innovative at Home by clicking on the link below:

www.clickathome.net

If you still have not ordered your Dell PC, you can still go to: ?
https://clickathomepilot.enron.com ?to order.

For questions or problems, please contact the Clickathome project team at
clickathomepilot2@enron.com


---------------------- Forwarded by Larry F Campbell/NA/Enron on 04/24/2001 05:44 PM ---------------------------
To:	Larry F Campbell/NA/Enron@Enron
cc:

Subject:	Position

Larry, Here's my resume.  Please provide a copy to your boss and with a good recommendation!

Thanks,
Jesus


---------------------- Forwarded by Juan Hernandez/Corp/Enron on 03/29/2001
02:35 PM ---------------------------

Don Baughman@ECT
03/28/2001 10:36 AM
To: Juan Hernandez/Corp/Enron@ENRON
cc:

Subject: Fw: Fw: GIVE THE MAN A JOB

---------------------- Forwarded by Don Baughman/HOU/ECT on 03/28/2001 10:36
AM ---------------------------

Don Baughman
03/28/2001 09:54 AM
To: Richard Hrabal/HOU/ECT@ect, Kayne Coulter/HOU/ECT@ECT, John
Kinser/HOU/ECT@ECT, Patrick Hanse/HOU/ECT@ECT, Rudy Acevedo/HOU/ECT@ECT,
Larry Jester/Corp/Enron@ENRON, Juan Hernandez/Corp/Enron@ENRON, Joe
Errigo/Corp/Enron@Enron, Dean Laurent/HOU/ECT@ECT, Keller
Mayeaux/Corp/Enron@Enron, Doug Miller/Corp/Enron@Enron, Chad
Starnes/Corp/Enron@Enron, Joe Stepenovitch/Corp/Enron@Enron, Greg
Trefz/Corp/Enron@ENRON, Larry F Campbell/NA/Enron@Enron, Christopher
Watts/NA/Enron@Enron, Juan Padron/NA/Enron@Enron, Steve
Olinde/Corp/Enron@Enron
cc:
Subject: Fw: Fw: GIVE THE MAN A JOB

 - employment_wanted.jpg


For me it isn't about fulfillment or finding my life's purpose in my work. It's all about the $$$. Work hard and retire early.

Cheers

Chris

P.S. I am moving back to Calgary in about a month. Enron continues to feel free to move me around at will. I am actually really looking forward to it.

 -----Original Message-----
From: 	"Jill Frizzley" <JFrizzley@Shearman.com>@ENRON
Sent:	Thursday, August 09, 2001 12:32 PM
To:	pkonieczny@bear.com; Nicole D Scaramelli; Bryn Jedlic; kelly.p.liles@accenture.com; kerrie.murray@telus.com; krista.weir@ca.pwcglobal.com; jon.p.hull@accenture.com; craig.d.stewart@accenture.com; pedeybird@hotmail.com; jesberry@hotmail.com; baileyj@coudert.com; Lisa Horvath; Denis R Rajotte; danderson@ingdirect.com; lisajean.lewis@gatx.com; jymiller@knightsbridge.com; darmstro@skadden.com; msveinson@van.fasken.com; daviesja@hotmail.com; barryr@torys.com; ryan.barry@torys.com; adam.s.cohen@gs.com; mohanlon@hotmail.com; daniel.bernstein@lakes.com; shane.pearson@blakes.com; rlinley73@hotmail.com; tmm@bdplaw.com; pberard@osler.com; Dorland, Chris; kimpersson75@hotmail.com
Subject:	Interesting Read

let's discuss next time we have amstel lights together.
---------------------- Forwarded by Jill Frizzley/NY/NA/ShS on 08/09/2001
01:21 PM ---------------------------

Jolene Harvey
05/22/2001 09:25 AM

To:   Kara Irwin/LN/EU/ShS@ShSDOMAIN, Geraldine Idrizi/LN/EU/ShS@ShSDOMAIN,
      Peter Schwartz/LN/EU/ShS@ShSDOMAIN, Ward McKimm/LN/EU/ShS@ShSDOMAIN,
      Jill Frizzley/NY/NA/ShS@ShSDOMAIN
cc:

Subject:  Good Read

about our lifestyle...
---------------------- Forwarded by Jolene Harvey/LN/EU/ShS on 22/05/2001
14:23 ---------------------------

"COLLEEN MYERS" <colleen.myers@blakes.com> on 22/05/2001 14:08:54

To:   "JONATHAN PIURKO" <jonathan.piurko@blakes.com>, "MARIO NIGRO"
      <mario.nigro@blakes.com>, <eyoung@osc.gov.on.ca>,
      <JHarvey@Shearman.com>
cc:

Subject:  Good Read

(See attached file: TEXT.htm)

********************************NOTICE*************************************
This transmittal and/or attachments may be a confidential attorney-client
communication or may otherwise be privileged or confidential.  If you are
not the intended recipient, you are hereby notified that you have received
this transmittal in error; any review, dissemination, distribution or
copying of this transmittal is strictly prohibited.  If you have received
this transmittal and/or attachments in error, please notify us immediately
by reply or by telephone (call us collect at +1 212-848-8400) and
immediately delete this message and all its attachments.

Thank you.
 - TEXT.htm << File: TEXT.htm >>


The man whispered, "God speak to me" and a meadowlark sang. But the man
did not hear.

So the man yelled "God speak to me" And the thunder rolled across the sky.
But the man did not listen.

The man looked around and said, "God let me see you." And a star shined
brightly, but the man did not notice.

And the man shouted, "God show me a miracle" And a life was born.  But
the man did not know.

So the man cried out in despair, "Touch me God, and let me know you are
here" Whereupon, God reached down and touched the man. But the man brushed
the butterfly away and walked on.

Don't miss out on a blessing because it isn't packaged the way that you
expect.  So many times we see miracles and do not recognize them for what
they are.

My instructions were to send this to four or more people that I wanted God
to bless and I picked you. Please pass this to people you want to be
blessed.


Richard,

Dave here from Greenwire.

Can you send me some contact info.?  Enron has paid for service that has
nowhere to go now.

Success,

David Andrew Horna
Account Executive
E&E Publishing, LLC
Capitol Hill
202-737-4340 ext 34
       737-5299 fax
http://www.eenews.net/


Can you or someone else ask her why she requested m:\common\power Read/Write?

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Monday, October 22, 2001 4:26 PM
To:	White, Stacey W.
Subject:	RE: Request Submitted: Access Request for maria.van.houten@enron.com

I know she is the fundamentals group here, but none of the folders in the path below would be used by her.

John

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Monday, October 22, 2001 2:20 PM
To:	Postlethwaite, John
Subject:	FW: Request Submitted: Access Request for maria.van.houten@enron.com

Why would this person need Read/Write to m:\common\power  I typically only grant access for Write capabilities to Risk.

Stacey

 -----Original Message-----
From: 	ARSystem <ARSystem@mailman.enron.com>@ENRON
Sent:	Friday, October 19, 2001 3:30 PM
To:	White, Stacey W.
Subject:	Request Submitted: Access Request for maria.van.houten@enron.com

You have received this email because you are listed as a data approver. Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000069680&Page=Approval to review and act upon this request.

Request ID          : 000000000069680
Request Create Date : 10/19/01 3:30:04 PM
Requested For       : maria.van.houten@enron.com
Resource Name       : \\nahoutrd\houston\pwr\common\common\Power - [Read/Write]
Resource Type       : Directory


Hey sweetie.  I am flying in early in the morning on Wednesday and will be at
Burnsys house most of the day.  I will give you a call later this evening
however, the better day for us to hang out will most be on Thursday night as
Burnsy and i had planned on going to the warrior vs lakers hoops game on
Wednesday night.  Anyway I will give ya a call.  Take care sweetie and see ya
soon.


Per Jane's email, I think we can definitely approve them to trade Japanese
products.  I want to confirm with her the approval for the rest of the
products, tho I think they'll probably be OK too.  So today, you could open
them for Japan.
----- Forwarded by Tana Jones/HOU/ECT on 10/24/2000 10:27 AM -----

	Jane McBride@ENRON
	10/23/2000 07:20 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Idemitsu Kosan Co Ltd

Dear Tana,

This is a big company so in terms of general counter party approval they are
fine.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

Tel.:       81-3-5219-4500 (Main)
              81-3-5219-4553 (Direct)
Fax:       81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:        81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

	Tana Jones@ECT
	10/24/2000 07:53 AM

		 To: Jane McBride/AP/Enron@Enron
		 cc:
		 Subject: Re: Idemitsu Kosan Co Ltd

I just got a call from the online team, and there is a rush push on from
London to get this counterparty approved ASAP.  Since you are the key person,
I thought I'd pull you into the loop.  This counterparty should be coming
thru on tomorrow's approval list.  I know you've got to do your due
diligence, so if you could let me know how long it will take to get back to
me I can let the EOL and London people know.  Much thanks!

P.S.  I enjoyed chatting with you at the seminar!
----- Forwarded by Tana Jones/HOU/ECT on 10/23/2000 05:49 PM -----

	Lisa Lees
	10/23/2000 05:27 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Idemitsu Kosan Co Ltd

As discussed, here is the name of the Japanese counterparty that will be on
credit's next approval matrix.

Thanks.
---------------------- Forwarded by Lisa Lees/HOU/ECT on 10/23/2000 05:21 PM
---------------------------

From:  John Suttle
 10/23/2000 04:38 PM

To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Lara Fields/LON/ECT@ECT, Anna Gardiner/LON/ECT@ECT, Neil R
Anderson/LON/ECT@ECT, Lisa Lees/HOU/ECT@ECT
Subject: Re: Idemitsu Kosan Co Ltd

Given the recent confusion on this counterparty and the push to have them
approved - I will review Idemitsu today and have recommendations by late this
afternoon.

Justin Timothy@ENRON_DEVELOPMENT
10/17/2000 11:40 PM
To: John Suttle@ECT
cc:
Subject: Re: Idemitsu Kosan Co Ltd

John

FYI

Justin
---------------------- Forwarded by Justin Timothy/ENRON_DEVELOPMENT on
18/10/2000 03:40 PM ---------------------------

Justin Timothy
18/10/2000 03:36 PM
To: Anna Gardiner/LON/ECT@ECT
cc: Frank L Davis@ECT

Subject: Re: Idemitsu Kosan Co Ltd

Anna,

I just wanted to confirm with you that all fuel & liquids customers,
including those from Singapore, are being handled by credit in Houston now
that the responsibility for Global Products has moved from London to Houston.
I spoke with Sheri Thomas & Tom Moran (Houston credit) this morning & they
both agreed that these (Asia Pacific) counterparties should now be handled by
Houston. However there still appears to be some confusion over this issue so
I would appreciate it if you could send a reply confirming that this is the
understanding at your end so as to avoid any further confusion.

Many thanks

Justin

Anna Gardiner@ECT
10/10/2000 07:55 PM
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Frank L Davis/HOU/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT, Amita Gosalia/LON/ECT@ECT, Bo Petersen/LON/ECT@ECT, Lara
Fields/LON/ECT@ECT

Subject: Idemitsu Kosan Co Ltd

Justin

I spoke with Frank Davis in Houston yesterday about this PA and he agreed
that Houston PCG would ensure that this customer was reviewed in Houston and
set up as soon as possible.  I have also confirmed with Frank and Amita
Gosalia the situation with regards to responsibilities for Japan when
processing PAs.  Japan has always been the responsibility of the Houston PCG
except in the case of metals customers which are approved by credit and legal
in London.

It would seem that this is an issue that needs to be discussed further
between the London, Houston and Australia groups to establish responsibilites
further. Hopefully this will ensure that this type of confusion does not
occur again and delay the processing of a customer application.

Rgds

Anna

Justin Timothy@ENRON_DEVELOPMENT
09/10/2000 07:27
To: Bo Petersen/LON/ECT@ECT
cc: Lara Fields@ECT

Subject: Re: Idemitsu Kosan Co, Ltd

Bo,

I put Idemitsu's PA into the database  for credit review on Sept 26 & it was
picked up by John Suttle in Houston. I haven't heard anything since & seeing
as they appear to be a fuel & oils customer I have today changed the RAC to
London so that the PA can be processed over there, which is probably where it
should have gone in the first place. I apologise for the delay and
inconvenience however there was initially some confusion between myself &
Houston as to where Asia Pacific fuel & oil customers should be processed.

Regards

Justin
PCG - Sydney

Sent by: Lara Fields@ECT
To: Justin Timothy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Bo Petersen/LON/ECT@ECT, Enron London - EOL Product Control
Group/LON/ECT@ECT

Subject: Idemitsu Kosan Co, Ltd

Justin,

Idemitsu Kosan in Japan sent in a PA on 29 Sept to your office.

Bo Petersen of our Global Products team has been getting calls from them
wanting to know the status of their PA as they are very anxious to get online.

The database says 'Credit Reviewing' - can you please feed back any comments
or updates to Bo and the London PCG directly?  I will be out of the office on
Monday and want to ensure that Bo knows what to tell the customer should they
call again.

Thank you,
Lara


Dear Mark,
Re: Southgate
We only have a studio suite available from 30Oct-01Nov. The daily rate is
$258 per night plus 13.25% tax and $4 daily occupancy charge. If you are
interested in reserving, please send a credit card number for guarantee.
best rgds,
Bonnie


Sorry.  I guess I'm too late to attend.  Re. the prices below $65.  I don't
know what the customer is talking about.  Let us know when ytou find out.

	George Waidelich@EES
	11/28/2000 05:02 PM

		 To: Susan J Mara/NA/Enron@ENRON, Mona L Petrochko/NA/Enron@Enron
		 cc: Eric Letke/DUB/EES@EES
		 Subject: BOMA Meeting 29 Nov 00

Sue, Mona,

1.  Tomorrow Martin Wenzel is speaking at a 1200 BOMA Luncheon at the
Sheraton Palace Hotel at the Corner of Market and New Montgomery in San
Francisco.  Martin was hoping that one of you might be available to attend.
He thought that if you were not busy it might be valuable to have a
government affairs expert available in case any tough regulatory questions
came up.  If you are both busy I am sure we will get by.  We are currently
trying to structure a new offering for their membership in the greater East
Bay Area.

2.  Below is an excerpt from an e-mail I received from a customer.  My first
inclination is that the customer is talking about the $65.00 rate cap in
place in SDG&E and does not understand the implementation.  But this customer
happens to be very savvy and is normally very involved in the regulatory
environment.  Is there a new issue regarding some type of $65.00 rate cap
that is being discussed for 2001 that is different from the current SDG&E
proposal?  If so, what are the details.  As you can see below, depending on
how it is implemented, it could be a problem.  My interpretation of the
comments below is that this customer thinks a $65.00 rate cap is going to be
put in place in 2001 and any charges above this cap are going to be shared by
all rate payers equally. Therefore, it does them no good to lock in a higher
price with an ESP if the market price is above $65.00.  I have a phone call
in to the customer to get more details.

"We should talk about prices for next year, because it is my belief that UDC
prices must be below $65.00 next year; any price above that mark should be
ignored by customers, and I would be happy to explain why."

George Waidelich
925-543-3801


To all parties that emailed redacted copies of their testimony:

Please forward unredacted copies to:
 shg@cpuc.ca.gov mzr@cpuc.ca.gov

All CPUC staff working on this matter have signed nondisiclosure certificates.


Follow up from Brent -
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 01/11/2000
02:03 PM ---------------------------

Brent Hendry@ENRON_DEVELOPMENT
01/11/2000 01:56 PM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc:
Subject: Re: Indicative Price Request to CMS

I have forgotten, does the originator need to get credit approval if a master
is in place?  Or does the credit dept. review the positions after the fact?
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
11/01/2000 04:55 PM ---------------------------

Julian Poole
11/01/2000 07:53 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Re: Indicative Price Request to CMS

No I haven't spoken to Pat yet. I believe credit analysis has already been
done before the ISDA was signed.
Like when we did the swap with Puerto, there was no credit done for that
particular transaction.

Julian

Brent Hendry
01/11/2000 10:21 PM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc: Julian Poole/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Indicative Price Request to CMS

Sara,
Here are the indicative terms we are looking to get three price quotes for
from CMS.  Julian will need to get you the contact information for the
counterparty.  We would like a letter from ENA requesting the quotes for the
trade information specified below and an attached confirm format with the
price, term and volumes left blank since those terms are not yet set.  Please
let me know if you have any questions or if you need any additional
information.  We would like to have this letter sent in the next few days and
would like to request a response from CMS by the middle or end of next week.
Julian can give you a more exact time frame for a response.   Please send
Julian the draft for review and copy me.  Thanks for your help on this.
Julian, have you spoke with Pat about the potential deal yet?

Brent
---------------------- Forwarded by Brent Hendry/ENRON_DEVELOPMENT on
11/01/2000 04:13 PM ---------------------------

Julian Poole
11/01/2000 06:26 PM
To: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:
Subject: Indicative Price Request to CMS

Brent: pls. have a final look at it before sending it to Sara.

Thanks, Julian


Brother Shackleton, it's your kind of thinking that lead to this discussion.
You know damn well the THE REASON that the Black fraternity with no white
members exists on the Auburn campus is because there are none of the Miami
Triad members or any other national fraternities on that campus who pledge
Blacks.  So, don't be so stupid with your inane comment about the fact that
the Black fraternity has no "white guys" as members.  Before you stepped
foot on the campus at SMU, there was an occasion when there was a very sharp
Black guy who registered for and came through rush.  Surprisingly, there
were several of us (including yours truly - an original New Orleans biggot
of the highest magnitude) who really were impressed with the guy and thought
we should invite him back for the house party.  I remember vividly the
incredible outlash when we stood before our brothers and tried to convince
them to ignore the fact that this guy was Black.  We got hooted down and he
was BALLED!  And, I have no doubts after reading your immature remark that
the same would have taken place during your tenure as an active at Gamma
Omega.  So, get a life, Ace.  It's 2001 and counting.  How many Black
brothers can you name from Gamma Omega?

- kai -

Dick Dent #267

----- Original Message -----
From: <craig_shackleton@amat.com>
To: <smu-betas@yahoogroups.com>
Sent: Thursday, November 15, 2001 1:48 PM
Subject: Re: [smu-betas] Sad day for Auburn Betas

>
> RE: the important intermediary that will break the stranglehold on racism
> here.  The Betas might get one of white guys in the Black Frat to step in
> to help.
>
>
>
>
>
> "CARL HOHL" <handshohl@eudoramail.com> on 11/15/2001 09:55:49 AM
>
> Please respond to smu-betas@yahoogroups.com
>
>
> To:   smu-betas@yahoogroups.com
> cc:
> Subject:  Re: [smu-betas] Sad day for Auburn Betas
>
>
>
> alDentiii, JaDrow:
>
> I applaud your additions and input!  He's right, Woody.
> And he doesn't need me to say that, either, but I wish I had thought of
> what he added first!
>
> The B.F. (Black Fraternity, what are the Greek letters?) holds most of the
> cards in this scenario.  Therefore, whoever the intermediary is is
> excruciatingly important vis-a-vis credibility with local Auburn parties
as
> well as the National fraternities.
>
> Bottom line:  Can everybody (including the polka-dotted people) step
> outside of their stereotypical roles for a minute and make a statement to
> their unborn sons and daughters that racism of all colors ends with our
> generation?  (Shocking coming from a Republican)  Or is this just another
> news story, another missed opportunity?  After all, we went to SMU for the
> same reason they are at Auburn now.  Most of us are or will be amused to
> look back at some of the unexpected sources of the lessons learned.
>
> Can you tell that my profession is very close to this question more often
> than all of its members wish to admit?
>
> The Less Diplomatic Brother Sarl
>
>  Wed, 14 Nov 2001 20:12:22   aldentiii wrote:
> >Woody, though Brother Carl's suggestions have some merit, I suggest that
> if
> >you are going to get involved and
> >talk to your son's actives that a little more diplomacy be considered.  I
> >too have read many of the news reports about the
> >"incident", and several were coupled with quotes from members of the
Black
> >fraternity aimed directly at the Betas rather than
> >the Delta Sigs.  I think that any attempt on the part of the local
> (former)
> >chapter members to approach the members of the Black fraternity for
> >forgiveness will be met with outrage and will be rejected and blown up in
> >the press in such a way as to
> >make impossible a solution.  The chapter needs to find an intermediary
who
> >they can talk to and who has credibility with the Black fraternity.  They
> >need to have a complete game plan to pitch to the intermediary, who, if
> >convinced with their sincerity about their remorse in what happened, will
> be
> >willing to pitch their case to the Black fraternity in hopes of bringing
> >about a meeting between representatives from the Beta chapter and the
> Black
> >fraternity to iron out an agreement to resolve the dispute and to include
> >the Black fraternity in supporting a petition to reinstate the chapter's
> >charter (and probably with conditions which the Black fraternity will
> demand
> >and which the Betas - behind the eight ball - can't negotiate away).
> >Unfortunately, the Betas are not in a good bargaining position.  So
> whatever
> >course they elect to take, they will need to remember this.  They will
> have
> >to eat a whole lot of humble-pie to get that charter back.
> >
> >- kai -
> >
> >Dick Dent a.k.a. the Deacon #267
> >
> >----- Original Message -----
> >From: "woody berry" <boethia@hotmail.com>
> >To: <smu-betas@yahoogroups.com>
> >Sent: Wednesday, November 14, 2001 12:23 PM
> >Subject: Re: [smu-betas] Sad day for Auburn Betas
> >
> >
> >> Carl,
> >>     That's a great idea and is one the men there are already trying to
> >work
> >> on.  As you might imagine, relations with the black frat are a bit raw
> >> emotionally right now, but it's a good idea.
> >>
> >> Thanks,
> >> Drow
> >>
> >> PS.  By the way, that's quite possibly the very first intelligent thing
> >I've
> >> ever hear you articulate in, oh, about 30 years or so.
> >>
> >> _________________________________________________________________
> >> Get your FREE download of MSN Explorer at
> http://explorer.msn.com/intl.asp
> >>
> >>
> >>
> >> At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay
> >connected and consider a future homecoming BETA reunion.  It's
> >incredible...forget the 20 years in between...everyone just seems to pick
> it
> >up right where they left off years ago.
> >>
> >>
> >>
> >> Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> >>
> >>
> >>
> >
> >
> >
> >At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay
> connected and consider a future homecoming BETA reunion.  It's
> incredible...forget the 20 years in between...everyone just seems to pick
> it up right where they left off years ago.
> >
> >
> >
> >Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
> >
>
>
> Join 18 million Eudora users by signing up for a free Eudora Web-Mail
> account at http://www.eudoramail.com
>
>
> At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay
> connected and consider a future homecoming BETA reunion.  It's
> incredible...forget the 20 years in between...everyone just seems to pick
> it up right where they left off years ago.
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
>
>
>
> At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay
connected and consider a future homecoming BETA reunion.  It's
incredible...forget the 20 years in between...everyone just seems to pick it
up right where they left off years ago.
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>

------------------------ Yahoo! Groups Sponsor ---------------------~-->
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---------------------------------------------------------------------~->

At Homecoming 2000, the BETA TENT had the biggest crowd by far.  Stay connected and consider a future homecoming BETA reunion.  It's incredible...forget the 20 years in between...everyone just seems to pick it up right where they left off years ago.

Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/


Hey

whats going on?

I am heading to DC this weekend with Verrechio, introducing him to a friend
of the girl i am dating.  should i kiss my relationship goodbye now, or wait
for verrechio to do that for me????

Gioffre-

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


Philip,

Thanks. You are the best.

Vince

From: Phillip Randle/ENRON@enronXgate on 05/02/2001 07:28 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Installation of new programs

I gave you local admin rights on your laptop yesterday. What you have to do
is to log into the laptop using the local
Machine account. The id and the password is the same as your Corp login now.
The password on the local account will
Never change. If you have a minute today I will show you how. Let me know a
time.

Phillip Randle
Desktop Support Specialist x39665

 -----Original Message-----
From:  Kaminski, Vince
Sent: Tuesday, May 01, 2001 5:17 PM
To: Randle, Phillip C.
Cc: Kaminski, Vince
Subject: Installation of new programs

Phillip,

How can I install new programs on my laptop, without
the administrator's privileges?

One example: when I travel I use AOL to get access to my mail
and to communicate with the office. Windows 2000 does not allow
me to install it.

 Also, I have my private statistical software
I often use when I work at night during business trips.
I would like to load it as well.

Vince


Start Date: 4/18/01; HourAhead hour: 17;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041817.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 17 / Preferred:  15.00 / Final:   6.20)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  TIE_POINT: FCORNR_5_PSUEDO
  INTERCHG_ID: EPMI_CISO_DESERT
  ENGY_TYPE: FIRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 17 / Preferred:   5.81 / Final:   5.01)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 17 / Preferred:  53.03 / Final:  45.06)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/18/01
  SC_ID: EPMI


Tana:

None of the CPs on the 3/22 list are authorized to trade US power since they
were all restricted by credit.

Leslie


Fine on your responses.  On the PX credit, it should be enough to say it is
outside the scope.

	Scott Stoness@EES
	04/25/01 03:34 PM

		 To: Leslie Lawner/NA/Enron@ENRON
		 cc: JBennett <JBennett@GMSSR.com>@ENRON, Tamara Johnson/HOU/EES@EES, Harry
Kingerski/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Susan J
Mara/NA/Enron@ENRON, James D Steffes/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT@ENRON
		 Subject: Re: Brief CA from Scott.DOC

Scott's Comments to comments in blue

From: Leslie Lawner@ENRON on 04/25/2001 01:39 PM
To: JBennett <JBennett@GMSSR.com>, Scott Stoness/HOU/EES@EES, Tamara
Johnson/HOU/EES@EES, Harry Kingerski/NA/Enron@Enron
cc: Jeff Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, James D
Steffes/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT
Subject: Re: FW:

Here are my comments to Scott's comments.

Revenue allocation:  I strongly recommend that we stay silent on this until
after the recommended decision comes out.  I feel that our support could
easily be the kiss of death to a particular proposal.  The bottom line is
that our proposal works with any allocation method.  We can support the one
that is accepted in the recommended decision or argue for another but I would
hold off in this round.
Agree

While some of the additions to rate design section seem to be along the lines
of what we put in the record, both in direct and on cross, I think the free
rider, CBL stuff is new and could be stricken, and may just make our stuff
seem more complicated.
Agree

I have similar concerns about the alternate interim proposal in this brief,
seems like it  includes lots of facts we did not put in our testimony.
We did put the facts in in the response to data we filed with ALJ on monday.
If you are referring to ratios between on and off peak.

PX credit based on market value -- the hearing examiner has no authority to
address this issue so why put it in?  In a case like this with such a short
time frame, decision makers who want to be diligent and read everything that
is filed, will resent having to read stuff that is not germane to the issues
at hand.  It is gratuitous and likely to aggravate her.
I was responding to PGE testimony.  We at least should say - that the CPUC
should not determine the outcome of this recommendation because it is outside
of the scope of this hearing.  If you agree that it is outside the scope.
Otherwise how can we not respond

	JBennett <JBennett@GMSSR.com>
	04/25/01 01:20 PM

		 To: "Lelie Lawner (E-mail)" <Leslie.Lawner@enron.com>
		 cc:
		 Subject: FW:

-----Original Message-----
From: JBennett
Sent: Monday, April 23, 2001 12:42 PM
To: Lelie Lawner (E-mail)
Subject: FW:

Leslie -- I just got this from Scott.  I thought you should see his more
detailed thoughts on the brief.

Jeanne

-----Original Message-----
From: sstoness@enron.com [mailto:sstoness@enron.com]
Sent: Monday, April 23, 2001 12:30 PM
To: tjohnso8@enron.com
Cc: JBennett@GMSSR.com
Subject:

(See attached file: Brief CA from Scott.DOC)

As promised but I ran out of steam.

 - Brief CA from Scott.DOC


Dave:
I expect to receive from our counsel in Mexico a memo addressing all of the
online issues that we have asked them to address in the next day or so as I
spoke with them yesterday about this.  I will need to review the memo with
them and Mark Taylor to make sure that all of the issues have been adequately
addressed and to determine if any changes need to be made to the documents.
From my conversations with them, there don't appear to be any major issues
other than the fact that we cannot offer "securities" to Mexican
counterparties and they will define in the memo what products would be
considered securities, but I want to see waht they put down in writing before
we make any conclusions.  I or Mark will keep you posted.

Carol

	David Forster@ENRON
	07/06/2000 03:59 PM

		 To: Carol St Clair/HOU/ECT@ECT
		 cc: Leonardo Pacheco/Corp/Enron@Enron
		 Subject: Mexico

Carol,

Could you please update me on the status of PA and ETA preparation for Mexico?

Thanks,

Dave


We have another new addition to the Portland West Desk.  Beginning today,
Craig Dean has joined the Real-Time Trading group.

Prior to Enron, Craig worked as a statistics Intern at US West, a Financial
Advisor with H&R Block, and most recently, as a Financial Advisor at Morgan
Stanley. He is a '96 graduate of Washington State University with a degree in
Accounting and Finance.

Please welcome Craig to our Portland Office!


Thibodeaux, Kenneth would like to recall the message, "5/18/01 Gas Violations
FINAL".


======================== THE MOTLEY FOOL ========================
                        INVESTING  BASICS
                      Tuesday, October 23, 2001
benjamin.rogers@enron.com
=================================================================

IN THIS ISSUE
---------------------
- Q&A: Should I Invest in High-Yield REITS?

- Q&A: How Much Do I Need to Invest?

- LESSON: Warren Buffett on Investing

=================================================================

SPONSORED BY: Kaplan
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YOUR QUESTIONS ANSWERED

Q. WHY DO SOME REAL ESTATE INVESTMENT TRUSTS (REITS) HAVE
TERRIFIC DIVIDEND YIELDS WHILE OTHERS DON'T? IS THERE ANY REASON
NOT TO INVEST IN HIGH-YIELD REITS?

A. If a yield looks too good to be true, it probably is.
Remember that it's the market that sets the price of the stock.
And as a stock's price drops, its yield rises.

For perspective, consider that a 30-year U.S. Treasury is priced
to yield around 6 percent, because investors are pretty sure the
dividend will be paid. But Russian government bond yields can hover
around 30 percent -- because investors are not so sure.

The same goes with REITs. As an example, consider Kranzco, the
highest yielding shopping center REIT with a yield of around 15
percent at the time of this writing (in 2000). Because of weak
earnings, it has been forced to cut its dividend. This
development caused many investors to sell, sending the stock
price south and the yield up. Management's dividend cut may be
enough, but investors are understandably nervous about what the
future holds.

If you invest in a REIT yielding 10 percent, things may well
turn out hunky-dory. But if you go for one kicking out 18
percent to 30 percent, you're buying into income streams that
other folks find pretty doubtful. You'll want to do enough
research to be pretty sure you're right.

Q. WHAT IS THE LEAST AMOUNT OF MONEY THAT YOU CAN INVEST? WHAT
IF YOU DON'T HAVE ENOUGH MONEY TO BUY 100 SHARES?

A. It's tragic that many people put off investing for years,
thinking they're not rich enough to benefit from the stock
market. You definitely don't need to have $1,000 or more before
you start investing. You don't have to buy 100 shares at a time.
You can buy 17 shares or nine shares -- or even fractions of
shares, using some services. For instance, at buyandhold.com,
you can invest as little as $20 at a time and buy fractional
shares of stock, paying $2.99 per trade.
http://www.lnksrv.com/m.asp?i=524551

If you're really interested in learning more about the basics,
check out our Beginning Investing Online Seminar that also
includes a copy of our Money Guide.
http://www.lnksrv.com/m.asp?i=524552

-----------------------------------------------------------------
THIS WEEK'S LESSON

WARREN BUFFETT ON INVESTING
A great way to learn about investing is to glean insights from
experienced, successful investors. One of the savviest is Warren
Buffett. Here are some comments he made at his Berkshire Hathaway
shareholder meeting in 2000:

"The first investment primer was written by Aesop in 600 B.C. He
said, 'A bird in the hand is worth two in the bush.' Aesop forgot to
include when you get the two in the bush and what interest rates are.
Investing is simply figuring out your cash outlay (the bird in
the hand) and comparing it to how many birds are in the bush and
when you get them."

"It's no religious thing why we don't invest in technology. It's
just that we've never found a company where we think we know what
the bush will look like in 10 years and how many birds will be in it.
We understand technology and its impact on society. It's the
predictability of the economics of the situation 10 years out
that we don't understand. ... The only way we know how to make
money is to buy businesses we understand."

"I own 100 shares of companies such as Microsoft and Intel, so I
get the annual reports. I don't think it's a dumb thing if you want
to learn about businesses to invest tiny amounts in various companies
-- especially for young people -- to get exposed to various managements,
to go to shareholder meetings, get reports, etc."

"It pays to have the right role models/heroes. ... You'll want
to be a little or a lot more. I tell students to pick out the qualities
they admire in people they admire and ask why they can't develop
those qualities themselves. It's very simple. The person you'd
really like to admire is yourself."

Berkshire's Vice Chairman Charlie Munger added, "You can't avoid
making wrong decisions in life, but if you recognize them and do something
about them, you can wring some lemonade out of them. We've
scrambled our way out of many mistakes."

For more Buffett wisdom, head to berkshirehathaway.com, where
there are several decades' worth of his extremely educational
letters to shareholders. Or visit our Berkshire Hathaway
discussion board online.
http://www.lnksrv.com/m.asp?i=524553

=================================================================

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MsgId: msg-17673-2001-10-23_14-03-36-5061645_5_Plain_MessageAddress.msg-14:05:10(10-23-2001)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Adele:
Tanya left a message for Cindy and offerred $10M as a cap for each Guaranty.
The reason for the cushion is to protect the party who terminates at a time
when its exposure is close to the credit threshold and by the time that the
date is set and the amount is calculated there is a move in the market that
results in its exposure being above the threshold.
Carol


Errol -

Can you find this deal?

Thanks

 -----Original Message-----
From: 	Irvin, Tracey
Sent:	Tuesday, January 15, 2002 4:18 PM
To:	Gossett, Jeffrey C.
Subject:	FW: Co 0530 CINY 40781075  $4,040,916.00  BP Capital

Jeff,

Do you have any idea what deal this is for?

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Tuesday, January 15, 2002 4:15 PM
To:	Irvin, Tracey
Subject:	RE: Co 0530 CINY 40781075  $4,040,916.00  BP Capital

no..you'll need to ask someone in the risk or confirm group

 -----Original Message-----
From: 	Irvin, Tracey
Sent:	Tuesday, January 15, 2002 4:01 PM
To:	Rohauer, Tanya
Subject:	FW: Co 0530 CINY 40781075  $4,040,916.00  BP Capital
Importance:	High

Would you happen to know the deal#?

 -----Original Message-----
From: 	Warwick, Todd
Sent:	Tuesday, January 15, 2002 3:58 PM
To:	Irvin, Tracey
Subject:	FW: Co 0530 CINY 40781075  $4,040,916.00  BP Capital
Importance:	High

 -----Original Message-----
From: 	Burnett, Stacey
Sent:	Tuesday, January 15, 2002 3:54 PM
To:	Rohauer, Tanya; Shoup, Cynthia; Cernosek Jr., Frank
Cc:	Bloom, Patricia; Warwick, Todd
Subject:	FW: Co 0530 CINY 40781075  $4,040,916.00  BP Capital
Importance:	High

Tanya, Cynthia, Frank

I do not know the appropriate G/L account code to which negotiated unwinds prior to the bankruptcy should be applied.

Can either of you please provide the appropriate coding.

Thanks.
Stacey Lee Burnett

 -----Original Message-----
From: 	Rohauer, Tanya
Sent:	Tuesday, January 15, 2002 3:46 PM
To:	Burnett, Stacey; Reeves, Leslie; Hodges, Georgeanne; Gossett, Jeffrey C.
Cc:	Shoup, Cynthia; Cernosek Jr., Frank; Bloom, Patricia
Subject:	RE: Co 0530 CINY 40781075  $4,040,916.00  BP Capital

This was a negotiated unwind prior to the bankruptcy.  When the deal was input into TAGG, it should have resulted in a liquidation. Thus this disbursement should have been a debit to the payable account to clear that account.

 -----Original Message-----
From: 	Burnett, Stacey
Sent:	Tuesday, January 15, 2002 3:21 PM
To:	Rohauer, Tanya
Cc:	Shoup, Cynthia; Cernosek Jr., Frank; Bloom, Patricia
Subject:	FW: Co 0530 CINY 40781075  $4,040,916.00  BP Capital
Importance:	High

Tanya,

Can you provide the G/L account coding against which to expense the $4,040,916.00 payment on November 30, 2001 to BP Capital Energy Equity Fund.

Thanks.
Stacey Lee Burnett
 -----Original Message-----
From: 	Shoup, Cynthia
Sent:	Tuesday, January 15, 2002 3:19 PM
To:	Burnett, Stacey
Cc:	Cernosek Jr., Frank
Subject:	RE: Co 0530 CINY 40781075  $4,040,916.00  BP Capital

I spoke with Kevin Bosse in our group who said that Tanya Rohauer is the one that initiated the wire.  Patricia Bloom called me and I gave her this information.  Is Tanya no longer with the company.  I don't really have any idea where this should be coded, but if Tanya is not here any longer, then I will try and find out.

 -----Original Message-----
From: 	Burnett, Stacey
Sent:	Tuesday, January  15, 2002 3:17 PM
To:	Shoup, Cynthia
Cc:	Cernosek Jr., Frank
Subject:	Co 0530 CINY 40781075  $4,040,916.00  BP Capital
Importance:	High

Cynthia,

Frank Cernosek suggested I contact you regarding the application of $4,040,916.00 payment on November 30, 2001 to BP Capital Energy Equity Fund via Citibank New York 407801075.

Can you advise the appropriate G/L account coding against which to record the expense.

Thanks.
Stacey Lee Burnett


Dear Project Sunrise Interviewees:

In order to complete gathering technical requirements, we will need to
conduct some follow-up interviews.   I will be scheduling the interviews with
all participants starting Wednesday December 6, 2000 to Monday, December 11,
2000.  Tuesday, December 12th will be reserved for rescheduling of
interviews.

The interviews will be scheduled for 30 minutes and will be conducted by two
members of the Project Sunrise technical team.   Before conducting the
interviews, the technical team will review the documented interviews to
determine any required missing information.    When possible, we will try to
replace the followup interview with a followup email and/or phone call to
limit your time commitment.

Typical follow-up questions will be:
What are your sources of data/information?
Where is the data/information currently stored?
Is the data/information automatically fed into SAP from another system?
Please provide samples of reports/queries (including detailed calculations)
that demonstrate the information you desire.

Please be prepared to answer the above mentioned questions and/or refer us to
the appropriate parties so that we can all make the best use of our time.
Please let me know your availability.  We will work around your schedule but
would prefer to conduct the interviews 9:00 am to 2:00 pm to permit writeups
to be done in the afternoon.

Thank you very much for your participation and patience.

Tzlem Mahmood
x53296


Italian at a capitol hill spot( Barolo). Thanks for the reassuring thoughts.

 -----Original Message-----
From: 	Yoho, Lisa
Sent:	Tuesday, October 23, 2001 4:55 PM
To:	Shapiro, Richard
Subject:

Hi Rick:  Have a nice dinner with our mutual good friend.  Please give her my best.   Where are you going?   Remember, no steaks!!

Hope you're holding up under all of the pressure.  You're doing a great job.

Lisa


For Internal use only

Sixth Interstate Natural Gas Facility-Planning Seminar
"Presentation of Staff's Findings"
October 26, 2001
Washington, DC

Link to "Ideas" document:  http://www.ferc.gov/gas/stakeholder.pdf
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _

Comments due on pre-filing stakeholder "Ideas" document November 9
Overriding theme to all Action Ideas is "earlier is better"
Pre-filing process has a new docket prefix (PF) and is underway; explained in some detail
Staff seems to be looking for best practices, possibly even a vehicle for industry-wide (and public) sharing

Highlights

Though FERC's Office of Energy Projects intends to hold more public and industry outreach seminars, this sixth seminar was the last of this series; OEP presented their final draft of "Ideas for Better Stakeholder Involvement in the Interstate Natural Gas Pipeline Planning Pre-Filing Process: Industry, Agencies, Citizens and FERC Staff."

Following this presentation, there is one last round of comments on the document due to the Outreach Team by November 9th.  The Outreach Team's goal is to release a final document by the end of this year.  Overall, the Team wants to know if they're findings are on target, and they have asked for comments that include edits, additions or omissions.  To note, however, is that "The Ideas" is seen as a "living document" by OEP, and it will be changed and updated on an ongoing basis as better practices and ideas emerge.  Again Rich Hoffmann stated that there is no intention for any of this to be included in a rulemaking or policy statement (I believed him this time).   Also, Rich clarified that "we recognize these ideas have to be customized for every project."  [This is, in fact, why the document was not issued as "guidelines" -- industry argued they would become de facto requirements.]

For comment on the document itself, we will look for ETS recommendations from interested groups (there is a link to the document above).  At the end of this memo, there is also a list of general questions from the Outreach Team.  Please send replies or comments on those questions, as well as the "Ideas" document, to me by November 7th for aggregation and inclusion in informal comments to go to the Outreach team (comments will not be filed with the Secretary).

FERC Staff Presentation

The Gas Outreach Team (Rich Hoffmann, Lauren O'Donnell, Jeff Shenot, Howard Wheeler) presented their findings of Action Options for the four major stakeholder sectors: Pipeline Industry, Agency (local, state and resource agencies), Citizen and FERC Staff.  There is a slide presentation that should be made available online soon.

There was some Q&A, but Staff was particularly eager to hear examples of how some of these ideas have been implemented successfully and if any "best practices" have emerged since the Outreach Team began these discussions.  One worry we have with Staff's preoccupation with best practices is that, at some point, they may want to formalize that idea though the publication of best practices.  They seem to be looking for a vehicle to collect and communicate best practices from pipeline company to pipeline company, and to the public.  Similar to the idea of publishing guidelines which then become de facto requirements, "best practices" can evolve into requirements as well, and such practices vary widely in use and effectiveness across different systems, projects and regions of the country.  Industry may want to protect the importance of variability and customization of approach based on what we know about certain regions and populations.

Some points of interest from the discussion include the emphasis by FERC Staff that pipeline companies appear to be most successful when they get full management support from the top at the very beginning of project development, there is a proactive company-wide philosophy, and the project team includes various parts of the company from the outset (i.e., include public affairs from the beginning as well as engineering, and have them communicate with each other regularly through the team).

NEPA Pre-Filing Process

Attesting to the emerging role of the NEPA Pre-filing Process, there is a new docket prefix, "PF," instituted to allow for public access to information on pre-filed projects.  This process is not an expedited approach that takes less time at FERC, but instead overlays the company's timeline with the FERC NEPA timeline in the development and assessment of the project.  This allows for a certificate sooner for the company in relation to their own project development process.  As an example, a NEPA Pre-Filing process could begin before the exact route has been determined, though the project must be well-defined -- while the company is holding public meetings and choosing the route, FERC could begin the scoping process.  According to OEP's assessment, this could shift the NEPA process back as much as seven months.  Under this scenario, once the company files for its certificate application, a final certificate could be issued in under ten months.

In order to use the pre-filing process, companies must meet certain qualifications.  First, a company should be prepared to fund a third party contractor to help FERC Staff prepare the certificate and NEPA requirements.  Also, there must be a real written commitment to identify and resolve issues.  And the company must be able to demonstrate that the other major NEPA organizations are prepared to cooperate on development of the NEPA assessment.  To qualify to use the NEPA pre-filing, the company files a formal request with the OEP Director answering any concerns FERC Staff may have about the project and the outlook for a successful pre-filing process.  Once accepted, that would trigger the PF docket assignment.  Currently, only the NiSource Greenbriar project is utilizing this process.

Follow-Up Questions from FERC

Along with any comments we may have on the "Ideas" document itself, FERC Staff distributed a set of three questions for consideration and/or comment from industry and the public.  The questions follow  -- note that Staff is particularly eager to collect positive anecdotes on how these ideas are already working on projects:

Part 1: Are we on target?  [Please let us know of any additions, omissions, or editorial changes you recommend for "Ideas for Better Stakeholder Involvement..."]
Part 2:  Ideas for implementation  [Please give us your good ideas about how to put the ideas discussed here today to work.  This can be for projects you are involved with or for other projects of which you are aware.]
Part 3: Examples of successful implementation [Please describe examples of how using these concepts helped make your experience or involvement with a project better.]


Gentleman,
Thanks for your assistance and support at the recent TFA board meeting.

In the good news department we have several items....

1.	Houston Endowment commited $200,000 payable in two installments
(June 2001 and June 2002).  Thanks to Jack Trotter for asisting with this
grant request.

2.	Letters are going out to corporate leaders following the recent
breakfast.  We thank Ken Lay, John Duncan, Scott Yeager and Jack Clark for
their assistance on the letter.  We especially thank John Duncan and Jack
Trotter for their assistance with suggested contribution amounts.
Contributions will go to support TFA activities in Houston and beyond.

3.	I was in Colorado last week.  We have successfully negotiated the
support of the Jared Polis Foundation for Technology For All-Colorado.
Jared Polis  has made a three year commitment totaling approximately
$750,000 to support TFA-Colorado as a  project o the Foundation. Mr. Polis
is a 29 year old entrepreneur who sold the online business of Blue Mountain
cards to Hallmark for around $800 million.  He is very interested in
education and technology issues and has essentially agreed to fund the work
of TFA-Colorado for at least three years as additional community support is
developed.  We will "co-brand" the web presence of TFA-Colorado with the
Foundation.

THANKS TO EACH OF YOU....

Will

------------------------
TECHNOLOGY FOR ALL
"We bring Technology to Underserved Communities"
www.techforall.org

William S. Reed
President/CEO
109 North Post Oak Lane, Suite 425
Houston, Texas  77024
713.316.5761
will.reed@techforall.org

Operations Center
3405 Marquart, Suite 300
Houston, Texas  77027
713.961.9945


---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 09:24
AM ---------------------------

"O'BRIEN, Lisa" <lisa.obrien@freshfields.com> on 04/18/2001 03:40:34 PM
To: "'ccampbell@kslaw.com'" <ccampbell@kslaw.com>, "'kay.mann@enron.com'"
<kay.mann@enron.com>
cc:

Subject: FW: Salmon Energy:  Escrow Agreement

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status.  Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents to
any other person:  to do so could be a breach of confidence.  Thank you for
your co-operation.  Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

(Resending)
Attached please find comments to the Escrow Agreement.  Please do not
hesitate to call me or Gregg to discuss these comments.

 - Scanned_.pdf


---------------------- Forwarded by Mary Hain/HOU/ECT on 03/14/2000 08:48 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Andrea Settanni" <asettanni@bracepatt.com>
03/14/2000 08:25 AM

To: Mary Hain/HOU/ECT@ECT
cc:
Subject: Seasonal Rates

Mary-

Pursuant to your request, I reviewed FERC orders discussing seasonal rates.
Based on what I found, Dan was right, it does not seem that seasonal rates
are prohibited.  If proposed, however, seasonal rates must be cost
justified.  I did not come across any particular discussion of what kinds of
proof are necessary (you had asked about the time period for actual sales and
elasticity of demand).  I have included a few paragraphs below from FERC
orders that discuss seasonal rates, which may be useful to you.  Please let
us know if you would like us to look into this any further.  Andrea

Related to 205/206

ALJ-DEC, 35 FERC ?63,076, Union Electric Company, Docket No. ER84-560-000,
(June 04, 1986)
[65,264]

 It might be noted that UE could have established a seasonal/time-of-day rate
with cost justification or by explaining its departure from cost-based rates.
In Commonwealth Edison, the Presiding Judge rejected a higher seasonal demand
charge for the summer because it was not cost justified. He also held,
however, that where the rate design is not intended to reflect costs, the
applicant "must justify the departure from cost-based rates. 18 C.F.R. o35.
13(b)(4)(iii)." 15 FERC ?63,048, at p. 65,229 (1981).

UE made a valiant effort to comply. It attempted to relate the off-peak costs
to on-peak by its 50 percent discount argument and reference to its Exhibits
UE-28 and UE-19. These exhibits amply justify the on-peak costs but offer no
cost support for the off-peak discount. This discount is chosen as a matter
of judgment. A similar proposal was rejected by the Presiding Judge in
Commonwealth Edison. Id.

Although the argument of a "free ride" deserves consideration, based on the
record we have here and in the absence of a detailed cost justification, UE's
off-peak demand charge is rejected.

 REVERSED - see next paragraph

COMM-OPINION-ORDER, 40 FERC ?61,046, Union Electric Company, Docket No.
ER84-560-000, (July 20, 1987)

Union's proposal to assess a capacity charge for off-peak service under
specified circumstances (when a customer's off-peak demand exceeds twice its
highest measured peak demand) not only reflects the fact that customers use
the company's production and transmission plant off-peak and capacity-related
costs are incurred during those times, but also recognizes the equity
consideration created by the existence of the peak shaving option to certain
customers. Upon consideration of the evidence presented and the merits of the
arguments raised by the parties, we reverse the judge's ruling and allow the
off-peak billing demand provision. Although we are approving Union's use of
an off-peak billing demand provision, the Commission nevertheless believes
that a strong incentive continues to exist for customers to peak shave and,
thus, realize cost savings. Furthermore, although we adopt Union's approach
as reasonable within the context of this case, this is not to say that only
such an approach is appropriate or that this approach is preferred.

COMM-OPINION-ORDER, 11 FERC ?61,083, Florida Power Corporation, Docket No.
ER80-206, (Apr. 25, 1980)
urging rejection of FPC's proposed rate increase.

On February 12, 1980, the Public Service Commission of the State of Florida
filed a letter noting the absence of proposals relating to peak load pricing
(time-of-day and seasonal rate differentials) in FPC's submittal. 5 The
Public Service Commission urged our review of the issues of time-of-day and
seasonal pricing in this proceeding.

We note that the questions of time-of-day and seasonal pricing are proper
subjects for the hearing ordered below if any party chooses to pursue them,
including the Florida Commission should it petition to intervene late in this
proceeding.

COMM-OPINION-ORDER, 6 FERC ?61,292, Commonwealth Edison Company, Docket No.
ER79-182, (Mar. 30, 1979)
[61,695]

Our review of Commonwealth's filing indicates that the proposed rates have
not been shown to be just and reasonable and may be unjust, unreasonable,
unduly discriminatory or otherwise unlawful. Therefore, we shall accept the
proposed rates for filing and suspend those rates for five months, to become
effective, subject to refund, on September 1, 1979.

We note with interest that the proposed rates are designed on a time-of-day
and seasonal basis. The Commission has encouraged the use of innovative rate
design as a way of more closely matching rates to costs and thereby
minimizing misallocation of resources as well as reducing waste, inequity and
discrimination. 4 We therefore direct the Presiding Administrative Law Judge
to insure that the parties fully address the issues raised related to the
cost support for the time-of-day and seasonal rate design.

FED-REGS, FERCSR ?13,963, FPA, Regulations 18 CFR Sec. 35.13 Filing of
changes in rate schedules.

[11,299]

shall fully support all such data and shall explain the rationale and the
specific application proposed.

(vii) Based upon information reported in Statements BB and BC, the utility
shall list selected months that are normally the months of greatest
significance in determining the need of the utility for power supply
capability throughout the year. All twelve months may be selected, if
appropriate. In its selection, the utility shall take into account any
effects of local weather seasons and, particularly, the extent to which peak
demands may tend to be similar in magnitude in two or more months of a
weather season. The utility shall explain the reasons for the selections and
describe the significance for the selections of seasonal variations in the
weather.

REG-PREAMBLE, FERCSR ?31,044, Inquiry Concerning the Commission's Merger
Policy Under the Federal Power Act: Policy Statement, Order No. 592, December
18, 1996, Docket No. RM96-6-000, 18 CFR 2, 61 FR 68595 PART 01 OF 02.
1. Identify the relevant products

The first step is to identify one or more products sold by the merging
entities. Products may be grouped together when they are good substitutes for
each other from the buyer's perspective. If two products are not good
substitutes, an entity with market power can raise the price of one product
and buyers would have a limited ability to shift their purchases to other
products. In the past, the Commission has analyzed three products: non-firm
energy, short-term capacity (firm energy), and long-term capacity. 75 These
remain reasonable products under the prevailing institutional arrangements,
and applicants should recognize such products in their analysis. Other
product definitions may also be acceptable. For example, the lack of on-site
buyer storage creates products differentiated by time. Thus, peak and
off-peak energy (seasonal and daily) may be distinct products.

ALJ-DEC, 15 FERC ?63,048, Commonwealth Edison Company, Docket Nos. ER79-182
and ER80-106, (June 03, 1981) PART 02 OF 02.

 It is Commission policy that rate design reflect cost incurrence, Idaho
Power Co., Opinion No. 13, issued May 4, 1978, mimeo at 26; Minnesota Power
and Light Co., Opinion No. 12, issued April 14, 1978, mimeo at 24-5.

[65,229]

In both cases, the Commission rejected rate design features where there was
no evidence in the record showing that the rate design features reflected
cost incurrence, id. In its order setting this proceeding for hearing, the
Commission took note of Edison's proposed seasonal differential and
specifically directed that the parties fully address the issues related to
the cost support for the seasonal rate design, Commission Order issued March
30, 1979, mimeo at 4-5. On October 9, 1980, the parties were directed by the
Presiding Judge to identify in their initial briefs the portions of the
record that relate to cost support for the seasonal differential.

The requirement that Edison provide cost support for its seasonal
differential, as discussed supra, is also set forth in the Commission's
filing requirements for rate schedules: if the rate design is intended to
reflect costs, the applicant must show how it reflects costs; if the rate
design is not intended to reflect costs, the applicant must justify the
departure from costbased rates, 18 CFR o35.13(b)(4)(iii) Statement P.
Edison's seasonal differential is intended to lessen the costs imposed upon
it by its prominent summer peak. Edison reasons that, since it must build
capacity to meet its prominent summer peak, charging more in the summer would
give customers an incentive to control their summer demands and, therefore,
Edison's cost of adding capacity would be reduced (Tr. 169). Accordingly,
Edison must show how its seasonal differential reflects the costs imposed on
it by summer demand, under the Commission's filing requirements in 18 CFR o35.
13(b)(4)(iii) Statement P. Further, even PURPA Section 111(d)(4) relied upon
by Edison states that rates "shall be on a seasonal basis which reflects the
costs of providing service to such class of consumers at different seasons of
the year to the extent that such costs vary seasonally for such utility."
(Emphasis added.)

Further, support for relying on marginal rather than average costs comes from
the Commission itself. In its order of March 30, 1979 setting this cause for
hearing, mimeo at 4, 5, the Commission, in commenting on time of day and
seasonal rates, mentioned that it encourage innovative rate design to match
more closely rates to costs. In this regard, the Commission cited its Order
No. 537, supra at 4, which specifically suggests use of pricing mechanisms
based on marginal cost principles

[65,236]

for jurisdictional wholesale sales. Under the circumstances in this case,
where the sale of economy energy is related to Edison's costs in adding or
eliminating additional excess capacity, it is appropriate to establish the
price for economy transactions on marginal costs. This provides a more close
matching of the rate to the cost than would a rate design based on average
costs. Accordingly, Winnetka's position on pricing of economy energy will not
be adopted.

 AFFIRMED and REVERSED - see next paragraph

COMM-OPINION-ORDER, 23 FERC ?61,219, Commonwealth Edison Company, Docket Nos.
ER79-182-000 and ER80-106-000, (May 12, 1983)
Turning to Commonwealth's exceptions, we find that the judge correctly
rejected the seasonal differential. Even if we accept the company's
interpretation of PURPA, it still has not cited any record evidence
whatsoever of a difference in costs between summer and nonsummer months.
Without at least some showing of a cost difference, it is impossible to make
a judgment on the reasonableness of the company's 15.25% proposal. We
therefore uphold the judge on this point.

We reverse the judge's adoption of a price set at 110% of the utility's
incremental costs, however, and approve the type-B split-savings method
proposed by Commonwealth. Under this method, economy transactions are
arranged for a 12-hour or similar period at a fixed price based on cost
estimates at the time of the agreement. If the utility's incremental costs
rise to the point that continued supply would become burdensome, the utility
may terminate supply. We find this method superior to that proposed by staff
in that implementation is greatly simplified. Cost determinations need not be
made as frequently.

Related to PMAs

REG-PREAMBLE, FERCSR ?36,710, Procedures for Public Participation in Power
and Transmission Rate Adjustments and Extensions, December 31, 1980, 10 CFR
903, 45 FR 86976
[36,741]

Historically, many PURPA-type standards have been used in designing wholesale
rates for the sale of Federal hydroelectric power. PMAs analyze costs to
establish revenue requirements and consider this information in designing
rates. Declining block rates for energy were once used by the PMAs but
subsequently were found inappropriate and eliminated from rate schedules.
Many of the PMAs for years have been effectively using various forms of load
management measures in their rate schedules, such as scheduling limitations,
loadshaping, capacity and energy overrun charges, etc. BPA has had a history
of using seasonal rates for wholesale firm capacity and energy and also
offered its direct service industrial customers interruptible rates some time
ago. Southwestern has had interruptible capacity rates in effect since 1957.
These examples demonstrate the willingness of the PMAs to implement
PURPA-type standards where applicable.

Many of these PURPA-type standards, when applied appropriately in the design
of PMA rates, can serve to implement the purposes of PURPA by encouraging
conservation of energy, efficient use of resources and facilities, and
equitable rates. The public participation process will provide an opportunity
to examine these and other appropriate concepts.

The PMAs will continue to review and revise their power marketing practices
on a system-by-system basis to serve the PURPA objectives. The Assistant
Secretary for Resource Applications, working with the Administrators of the
power administrations, and after receiving public comment, will consider the
adoption of rate design guidelines, similar in form to the guidelines in RA
6120.2 on financial accounting and ratemaking, which will reflect the
experience gained by the PMAs in their system-by-system approach to rate
design.

Related to PURPA

FED-LAW, FERCSR ?5021, PURPA, SEC. 111. CONSIDERATION AND DETERMINATION
RESPECTING CERTAIN RATEMAKING STANDARDS.

 (4) Seasonal rates.--The rates charged by an electric utility for providing
electric service to each class of electric consumers shall be on a seasonal
basis which reflects the costs of providing service to such class of
consumers at different seasons of the year to the extent that such costs vary
seasonally for such utility.

FED-REG-NOTICE, FERCSR ?37,503, DOE Responsibilities Under Title I of PURPA

(4) Seasonal rates shall be established where costs vary by season;

PROP-REG-PREAMBLE, FERCSR 1988-1998 ?32,457, Administrative Determination of
Full Avoided Costs, Sales of Power to Qualifying Facilities, and
Inter-connection Facilities, March 16, 1988, Docket No. RM88-6-000, 53 FR
9331, 55 FR 31882

Pricing flexibility may take several different forms. For instance, a
contract could provide QFs with a price floor applicable to all the power
supplied to the utility, but still provide for higher variable unit prices
reflecting daily or seasonal periods. The price floor would provide the
revenue stream necessary for the QF to secure financial support while

[32,174]

the price variability would induce the QF to maximize deliveries in peak-load
periods when the utility values additional supplies most. Of course, the
price floor should not exceed the minimum value of the utility's avoided
cost. Similarly, a contract could provide for a two part price--a fixed
payment for capacity and an energy price for power delivered. The QF would be
assured a minimum revenue stream based on the value of its capacity. The
variable energy component would allow the utility to dispatch the QF capacity
only when it was economic. Whatever the pattern of contract payments, rates
for purchases from QFs should always reflect how well the characteristics of
the suppliers' power match the purchasing utility's need. This will ensure
that the QF will make most production decisions on the basis of rates
reflecting avoided costs (rather than the guaranteed average rate) and, at
the same time, will receive revenues sufficient to attract investors.

To avoid problems such as those associated with take-or-pay contracts in the
natural gas industry, the Commission wishes to stress the danger of including
forecasted fuel costs in the fixed rate structure of long-term contracts,
especially in combination with the specification of minimum purchase
quantities. The Commission also encourages the use of time-of-day and
seasonal rates in flexible pricing structures for long-term contracts.

REG-PREAMBLE, FERCSR 1977-1981 ?30,128, Small Power Production and
Cogeneration Facilities; Regulations Implementing Section 210 of the Public
Utility Regulatory Policies Act of 1978, Order No. 69, February 25, 1980,
Docket No. RM79-55, 18 CFR 292, 45 FR 12214, 45 FR ...

Rather than specifying that exact time-of-day or seasonal rates for purchases
are required, however, the Commission believes that the selection of a
methodology is best left to the State regulatory authorities and nonregulated
electric utilities charged with the implementation of these provisions.


Sally,
The attached file shows the detail of plan headcount for December 31, 1998 through 2001.  The only number that I still have a question about, is for EGM December 2001, the number I have in the file only represents the people moving into Networks from EGM (Brent's group).  I left a message with Tom Myers, to get the correct number.
I have also added the graphs that we discussed, which show increase in headcount along with increase in deal counts.
If you have any questions, let me know.
Thanks,
Brian


I was browsing through TXN news and saw the linked article.  I haven't
thought about a 4-10 mA signal in a very long time.  You were the only
person I could share this walk down memory lane with.

http://biz.yahoo.com/prnews/010601/daf024.html


Regina,

I need two Sitara books set up in a new region.  The region can be called
Enovate with the books IM Enovate and FT Enovate.  They are part of the other
Chicago books:  Midwest, Midwest Program 1, and Midwest Program 2.  I have
attached the book request I sent Susan Trevino.  Let me know if there is
anything else I need to do.  I want to make sure that the books are not only
in Sitara, but also in CPR for valuation purposes.  Thanks so much for your
help.

DG    3-9573


Love to catch up.  When you get a minute tomorrow page me (I'm mobile this
week) and we can talk.  888.916.7184.

Best,
Jeff


Zimin,

Can you interview this guy? Maybe Tanya, a math Ph.D. can help as well.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/11/2001
08:07 AM ---------------------------
From: Darren Delage@ENRON on 01/11/2001 09:47 AM ZE9
To: Zimin Lu/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Interview Candidate

Zimin,
Happy new year!
The financial trading group is looking at a potential candidate for a general
financial trading position in Japan and was wondering if someone from your
area wouldn't mind testing this candidates mathematical skills. She has a
Masters in Stochastic Mathematics  and both a math/liberal arts undergrad. I
feel it is important to test her grasp of the subjects she would have studied
and know that someone from your area would be best suited in providing some
feedback on this.
The candidate's name is Yumi Imokawa. If you don't mind, could I please
schedule a telephone interview for 20 minutes or so? The ideal time is Tokyo
mornings (so for example, at 5:00 in the evening Houston time any day that
you are available..I will just have the candidate call your point person
directly.

Sincerely,
Darren


what?  what did i do?  i'm about to come up there and kick your butt!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 19, 2001 12:57 PM
To:	'Nelson, Michelle'
Subject:	RE:

you wrer the one that got nasty

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 19, 2001 12:52 PM
To:	Maggi, Mike
Subject:

why are you being mean?


During the morning meeting today Rick Buy commented on what a good job EGM has done in the officialization process.  He took your names because he wanted to know who to thank for this.  His comments are based on the summary graph - his words - EGM has by far the most books but never shows up on the log - who can we thank for that?

Keep up the good work!

Shona


Start Date: 2/6/02; HourAhead hour: 20;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020620.txt
!!!General SQL error.
Couldn't update; currently locked by user 'Admin' on machine 'NAHOU-TRDTS5'.
Table

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

  TRANS_TYPE: FINAL
  SC_ID: ECTstNW
  MKT_TYPE: 2
  TRANS_DATE: 2/6/02
  TIE_POINT: MALIN_5_RNDMTN
  INTERCHG_ID: ENRJ_CISO_3000
  ENGY_TYPE: FIRM


We are in the process of preparing applications for position limit exemptions
for ENA,s NYMEX energy commodities futures trading.  These applications
require that ENA represent whether its officers, employees, owners, or agents
have a power of attorney, control or have a financial interest in any other
related commodity future(s) account either individually or acting with
another person pursuant to express or implied agreement.

Please direct any responses to my paralegal, Tana Jones, via intercompany
email or call her at (713) 853-3399 by the end of business Friday, June 30,
2000 if you have any power of attorney, control or have a financial interest
in any commodity futures account (other than an ENA or other trading
affiliate account).

IF YOU DO NOT HAVE A COMMODITY FUTURES ACCOUNT, YOU DO NOT NEED TO RESPOND TO
THIS REQUEST.


Yep, you are still a junkie and the first to ask for these.

This next one RT01-100 is the ALJ order setting the mediation settlement
conference, starting Tuesday, July 17.

----- Forwarded by Donna Fulton/Corp/Enron on 07/16/2001 08:28 AM -----

	Steven J Kean
	07/14/2001 04:54 PM

		 To: Donna Fulton/Corp/Enron
		 cc:
		 Subject: Re: RTO Orders - Grid South, SE Trans, SPP and Entergy

I'm still a junkie .... please email copies of the orders.


Please unvalidate deal 229101 so I can change the buyer from ENA - Im Bug to
ENA - Im Market East.

This transport contract is set up under ENA - Im Bug twice (deal 229101 and
77563)

Thanks.

I also need to make sure the end term date on both deals is 3/31/2000.


Employee Name: Cynthia Mann
Report Name:   11/29/01 Report
Report Date:   11/29/01
Report ID:     0B780185E4CE11D5928B
Submitted On:  11/29/01

You are only allowed 2 reports with receipts outstanding.  Your expense reports will not be paid until you meet this requirement.


Enron Capital Management

	From:  David Baumbach                           11/30/2000 07:39 AM

To: Robin Rodrigue/HOU/ECT@ECT
cc:
Subject:

Would you copy the code from the macro you use to push your spreadsheets into
the Executive reports and send it to me (you can send it in a Word document)?

Thanks.

Dave


thanks. i'll review.

Best,
Jeff


Gentlemen - below is a list of deals/issues the have come across my email
that -I believe- need financial/acounting attention
1. Accounting for FGT/FP&L $6.5mm "value"  account
2. Accounting for FGT/FP&L $1.5mm settlement
3. Citrus/ENA/Bridgeline gas sale/purchase
4. TW 2002 fuel sales
5. Bolivia investment
6. TW PCB remediation for PG&E
7. NNG(?) depreciation study
8. Machine shop accounting
9. Accounting for residual SAP costs
10. EOTT related reserve reversal
11. EOTT/Enron pipeline services operating agreement
12. Payroll distribution
13. NNG SLA accounting
14. FAS133/8; hedge effectiveness
15.Trading authority
16. NNG Semco/Duluth transaction.
17, NBPL investment candidates

I thought I would attempt to get a list going to which we can add/delete
deals/isuues.

Comments?


Please replace the prior version with these.  I added some Wyoming Royalty
Statute language in both confirms.  Let me know if you have any questions.


Please follow up directly with the referenced developers...........
---------------------- Forwarded by Thomas M Suffield/Corp/Enron on
02/23/2000 08:58 AM ---------------------------

Richard Park@ENRON_DEVELOPMENT
02/22/2000 06:48 PM
To: Thomas M Suffield/Corp/Enron@ENRON
cc:

Subject: Summary of meeting w/ Don Miller

Subject: Progress on projects

Attendance Don Miller
  Scott Healy (phone)
  Don Black
  Tom Swank
  Mike Miller/Ben Jacoby (left in middle)

TECO (Don) Revenue potential in $18-20 MM with cost at $16-20 MM
  Model/Algorithm in place with sensitivities next week
  Need data point for credit analysis
  ABM AMRO ?? financial advisor
  Insurance Angle ??
  Need support from CTG for modeling and contract negotiations:  Ben R.and
Jinsung

UAE (Tom) $120 MM for 5 turbines
  Enron price: 13.5 base; 13.95 w/ Sprint enhancement
  S&S (market): 14.1; 14.6
  Straight turbine sell-down but contrary to Enron strategy
  Issues between: Drywell/ DLE/water injection

  UAE will go forward w/ or w/o Enron-Ben Rogers

Scott:  Need bid number from desk for PJM
  Restructuring effort (TBG) John House and Chad L.

Don:  Finding strategic partner for IPO spin-off of generation assets
  Candidates: Orion, NRG, Mission, Sithe, Cogentrix, Panda, and other smaller
players
  50,000-foot level discussion-Ben T, Clement Lau

Some of the part was too mundane to be captured as discussion points!  Please
forward to the right people.

Regards,
Rich


---------------------- Forwarded by Kate Symes/PDX/ECT on 12/12/2000 08:44 AM
---------------------------

	From:  Sharen Cason                           12/12/2000 06:56 AM

To: Kate Symes/PDX/ECT@ECT
cc: Kimberly Hundl/Corp/Enron@Enron

Subject: not to be confirmed

There is an hourly trader named Geir Solberg whose trades appear on our
reports to be confirmed.  We go into each trade and change them to not to be
confirmed.   The other hourly deals do not appear on these reports.  I think
perhaps his defaults are not set correctly.  Can you check with him on this.
I don't know why his are appearing on the reports and not other hourly deals.

Thanks!


Jim,

Is there going to be a conference call or some type of weekly meeting about
all the regulatory issues facing California this week?  Can you make sure the
gas desk is included.

Phillip


We received the following executed EEI Master Power Purchase and Sale Agreements:

Conexant Systems - 9/28/01
Fresh Express Incorporated - 9/27/01
Mississippi Delta Energy Agency, Clarksdale Public Utilities Commission of the City of Clarksdale, Mississippi, and Public Service Commission of Yazoo City of the City Yazoo City, Mississippi - 5/1/01
XERS INC d/b/a Xcel Energy - 10/4/01
City of Mesa, Arizona - 9/5/01
International Rectifier Corporation - 9/20/01
North Carolina Power Holdings, LLC - 7/12/01

A copy of each will be scanned into Livelink.


Stephanie,

I need trade access to the USD Currency products on EOL.

ADM46075

Thanx

Chris Dorland


Check out the latest version of Enron Business Online at home.enron.com.
Click on Publications, then on Enron Business and "Volume 5, 2000".  This
issue, read about what Ken and Jeff could have worn for Halloween costumes!

Also in this issue:

? Enron Broadband Services chips away obstacles;
? DealBench and the art of the paperless deal;
? Global risk managers structure risk even insurers can like;
? Diversity and what you think;
? Enron rescues a giant panda; and
? The Rise School leads lessons in compassion and ABCs.