EES has very strong interests in the regulatory and legislative outcome
regarding the implementation of the AB1890 rate freeze and competition.  I
understand that the following conditions is aligned with EES' interests:

Customer groups and other market participants are arguing that the AB1890
rate freeze must legally be maintained to the statutory end date;
The Governor and Legislators are interested in managing the current crisis to
the best interests of customers and avoid adverse impacts on the California
economy;
The CPUC is more inclined to interpret AB1890 to maintain the rate freeze to
the statutory end date in order to protect consumers and avoid hastily
implementing new market structures that are not well thought out and would
result in future problems; and
The assets that need to be valued have yet to receive a final decision from
the CPUC;
Politicians are more focused on the crisis for San Diego customers and
wholesale market structure issues, and may see maintaining the rate freeze
for PG&E and SCE as a simple short-term solution.

The following are my concerns that might result in an adverse outcome to the
current crisis:

The Governor and the CPUC are primarily interested in the best interests of
consumers and holds competition as a lower priority, and may not see these
two objectives as identical;
PG&E and SCE are claiming the rate freeze is over and are doing everything in
their power to achieve this objective;
Current market prices demonstrate that there may be no short-term relief and
the utilities' undercollections are growing;
The utilities may heighten awareness that the current top-down, PX crediting
mechanism is resulting in payments to DA customers for use of energy;
PG&E and SCE are filing for immediate "interim rate stabilization plans" for
bundled-service customers to be implemented; and
Customers and politicians may short-sightedly settle on the plans filed by
PG&E and SCE as a short-term solution.

The following are the key issues that will be and will need to be addressed:

The legal interpretation of AB1890 on when the rate freeze ends;
Whether PG&E and SCE will get post-freeze relief and over what time-period
and to a lesser extent utility cash flow issues; and
How will the post-freeze, competitive  market structure be addressed.

The following is my understanding of the regulatory and coalition building
strategies that Government Affairs is pursuing:

The position that AB1890 mandates that the rate freeze was to benefit
ratepayers in exchange for the utilities' opportunity to recover CTCs and CTC
recovery can be adjusted during this timeframe such that this benefit to
ratepayers will extend to December 31, 2001;
Resolving legislative and regulatory issues that may allow for post 2001
recovery of undercollections for the utilities over an extended time frame.
This is the utilities' primary concern and such a strategy may alleviate the
pressure and desperation to implement "interim rate stabilization plans";
Raising awareness that 2001 should be used to determine the final netting of
all revenues and costs, while that time period be used to develop a new
default provider role for small customers and provider of last resort service
for larger customers; and
Demonstrating where PG&E and SCE are once again trying to thwart competition,
achieve 100% CTC recovery under all conditions, pass through all risks to
ratepayers, and capture windfalls from the current market structure.


I had assumed we were going to have a separate PA for the Auction-only
counterparties.  The PA contains an unfortunate reference to the ETA which
will need to change if they will only be accepting the Auction-only agreement.

David Forster
02/29/2000 10:00 AM
To: Mark Taylor/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT
cc: Mark Dilworth/LON/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Amita
Gosalia/LON/ECT@ECT
Subject: New PA form

Mark/Justin,

Attached is a copy of the Australian PA. It includes the addition of an
Address for Service.

Do you think we should incorporate this in our other PA's as well?

I realise that in many instances we are already doing business with the
relevant company - and the same or similar information might be included on
the Registration form (where completed) - but are you concerned about
ambiguity in the event that no Registration form is completed?

Also: We will need to have some way to distinguish PA's which arrive for
customers who want access to Auctions only. What do you think about adding a
statement like: "(Optional): Tick this box if you wish to have access only to
EnronOnline auctions and not to the main transactions site"  [tick box].

If you wish to proceed with either of the above, we will need to revise all
PA's and post them on the website.

Thanks,

Dave


Dear Mr. Lay,

I am a former Enron employee who voluntarily resigned from Enron in August
of this year to spend more time with my two young children, Avery, 2 1/2 and
Nate, 17 months.  These past few weeks have been devasting for a lot of
people.  I personally have lost over $40,000 in my 401K which I was heavily
investing in Enron stock since my first day there, February 1998.  I also
lost all of my children's college funds, $10,000.  But, I am one of the
lucky ones, I know.

The reason for this note is just to say that I think very highly of you and
know what a GOOD person you are.  I was fortunate enough to have seen you on
the Crystal Cathedrial a while back, and I know that you are a caring
Christian man.  Thanks for all your efforts to save the company.

I just thought you'd like to hear some nice words from an employee rather
than all the trash from the media!

Sincerely,

Shelly Michalk


Kevin

This looks like it will work.  Since there has been some confusion around this, I'll lay out what I think will happen with this language.

Assumption #1:

MC on EOL is 300 at 350.
COB is not displayed on EOL.

Product 1 is COB; Product 2 is MC

COB/MC Spread is 5 @ 10 on EOL

Situation #1
Customer lifts the COB/MC spread at $10.  Enron will then BUY the MC at $325 and SELL COB at $335.

Situation #2
Customer hits the COB/MC spread at $5.  Enron will then SELL the MC at $325 and BUY COB at $329.

This is how it should work.

I suggest we test things out now, and see how it works.

Thanks,

Sean


Mark wanted me to send this to you.
---------------------- Forwarded by Ann M Schmidt/Corp/Enron on 03/29/2000
01:16 PM ---------------------------

Meredith Philipp
03/22/2000 01:25 PM
To: Mark Palmer/Corp/Enron@ENRON, Sarah Palmer/HOU/ECT@ECT, Ann M
Schmidt/Corp/Enron@ENRON
cc:

Subject: Important

Can we please order this stamp?
---------------------- Forwarded by Meredith Philipp/Corp/Enron on 03/22/2000
01:20 PM ---------------------------

Kristen_Bumgardner@spc.com on 03/16/2000 10:29:26 AM
To: ama@dn.zhgm.com, elizabeth_brewer@foleys.com, meredith_philipp@enron.com,
Robin_Etka@spc.com
cc:

Subject: FUNNY!

--------------- cc:Mail Forwarded ---------------
From:     "Rebecca Hollas" <rhollas@darlinghomes.com> AT TIME_INC
Date:     03/16/2000 12:18 PM
To:       Kristen Bumgardner AT TIBHSPC3
To:       "Laura Slough" <lslough@darlinghomes.com> AT TIME_INC
To:       "Maureen (E-mail)" <mblair@lennar.com> AT TIME_INC
To:       "Ashley (E-mail)" <ashham64@hotmail.com> AT TIME_INC
To:       "Shell (E-mail)" <Shelvis59@yahoo.com> AT TIME_INC
Subject:  FUNNY!

 - Stamp.jpg


After having conducted our first of several business reviews, Enron Global
Markets - Office of the Chairman would like to outline the following
organizational changes effective immediately.

The Global Risk Markets group under Jere Overdyke illustrates enormous
opportunities given the size of those businesses.  To better focus on the
different commercial functions and to capture market share and value, the
group is being realigned.  Jere will continue to manage Global Risk Markets
and build on our insurance capabilities.  Mark Tawney is responsible for our
weather business and will now report to the EGM Office of the Chairman.

Brent Price will be joining Enron Global Markets as Vice President of
Operations and Chief Accounting Officer.  He will report to the EGM Office of
the Chairman, and to Sally Beck, Vice President of Global Risk Management
Operations.  In his role as Chief Accounting Officer, Brent will also report
to Rick Causey, Executive Vice President and Chief Accounting Officer for
Enron Corp.  Reporting to Brent in his new position will be Sheila Glover,
business controller for Financial Products; Todd Hall, business controller
for weather; and Scott Earnest, business controller for global products and
coal.  In addition, Tom Myers will join Brent's management team as Director
of Accounting.  Brent and his team are responsible for all accounting, risk
reporting and trading operations for all the businesses within EGM.

Cindy Skinner will join the Enron Global Markets team with responsibility for
Human Resources.  She will also report to David Oxley and the HR organization.

Please join us in congratulating everyone in their assignments.


Attached is the updated list.


Carolyn,

Please revised the signature page for escrow instruction to reflect Chris
Calger as a signatory.

Thanks,

Kay


OK.  df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 10/12/2000
10:56 AM ---------------------------

DENISE LAGESSE
10/11/2000 02:30 PM
To: Drew Fossum/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON

Subject: Susan Scott's expense report 10-10-00

Please approve Susan's expense report, and copy me on your approval.  Thanks!


The FINAL Violation Memos for 11/22/01 have been published and are available for viewing on the ERV:  http:\\erv.corp.enron.com - Violation/Notification Memo Section.  Note:  No Consolidated DPR was produced for 11/22/01.


All,

Please share with your self(if you are male), spouses, brothers, nephews,
sons and any other men you know.

Thanks,
Denise


Fernley,

Per my voicemail, are you available to meet w/Greg Whalley on Thursday, June
5 for about an hour?

Many Thanks,

Liz Taylor


In accordance with the suggestions provided by Mary Cook in our Legal Dept.,
we have come to an agreement in regard to the naming conventions for
divisions and trade names. For both divisions and dba/trade names, the
counterparty name will be formatted to lead with the sub-entity name,
followed by the parent legal name.

 i.e. division name, division of parent legal name  or  trade name, a dba of
parent legal name

 Ex. Duke Power, a division of Duke Energy Corporation

This layout will make it easier to choose the correct counterparty name and
avoid the misconception of duplicate records. Also the legal requirements
will be met.

Please notify me by Friday, June 8th, if there are any issues with this
format. Otherwise, the GCP group will commence using this proposed layout on
current and future requests.

Cleanup of existing records in GCP and Contracts will be accessed. In cases
where the requested name could exceed the 90 character length maximum there
will need to be an evaluation.

If there are any questions, please contact me @ 3-6517.

Thank you,
Marilyn


Any word back of City of Riverside?


Mike, I'm faxing you official statements from the pipeline and I'm going to mail them to Theresa Vos.

 -----Original Message-----
From: 	jeffsmirin@txu.com@ENRON
Sent:	Tuesday, May 07, 2002 4:32 PM
To:	Germany, Chris; Kelly, Katherine L.; Denetsosie, Troy
Subject:	Ponderosa Pines Energy

(See attached file: Ponderosa Pine Est Imbalance0502.xls)
 - Ponderosa Pine Est Imbalance0502.xls


your team is so bad


Dear kind-hearted friends...

Now that the holiday season has passed, please look into your heart to help those in need. Enron executives in our very own country are living at or just below the seven-figure salary level...right here in the land of plenty.  And, as if that weren't bad enough, they will be deprived of it as a result of the bankruptcy and current SEC investigation.  But now, you can help!  For only $20,835 a month, about $694.50 a day (that's less than the cost of a large screen projection TV) you can help an Enron executive remain economically viable during his time of need. This contribution by no means solves the problem, as it barely covers their per diem, ...but it's a start!

Almost $700 may not seem like a lot of money to you, but to an Enron exec it could mean the difference between a vacation spent ------- in DC, golfing in Florida or a Mediterranean cruise. For you, seven hundred dollars is nothing more than rent, a car note or mortgage payments. But to an Enron exec $700 will almost replace his per diem.  Your commitment of less than $700 a day will enable an Enron exec to buy that home entertainment center, trade in the year-old Lexus for a new Ferrari, or enjoy a weekend in Rio.

HOW WILL I KNOW I'M HELPING?
Each month, you will receive a complete financial report on the exec you sponsor. Detailed information about his stocks, bonds, 401(k), real estate, and other investment holdings will be mailed to your home. You'll also get information on how he plans to invest his golden parachute. Imagine the joy as you watch your executive's portfolio double or triple! Plus upon signing up for this program, you will receive a photo of the exec (unsigned-for a signed photo, please include an additional $50.00). Put the photo on your refrigerator to remind you of other peoples' suffering.

HOW WILL HE KNOW I'M HELPING?
Your Enron exec will be told that he has a SPECIAL FRIEND who just wants to help in a time of need. Although the exec won't know your name, he will be able to make collect calls to your home via a special operator just in case additional funds are needed for unexpected expenses.

YES, I WANT TO HELP!

I would like to sponsor an Enron executive. My preference is checked below:
[ ] Mid-level Manager
[ ] Director
[ ] Vice President (Higher cost; please specify which department)
[ ] President (Even higher cost; please specify which department)
[ ] CEO (Contribution: Average Enron janitor monthly salary x 700)
[ ] Entire Company
[ ] I'll sponsor an Exec most in need. Please select one for me.

SPECIAL LIMITED TIME OFFER

Already an Enron supporter? Don't worry.  In this troubled economy, there are many executives who need your help. Ford today is laying off 35,000.

The NASDAQ is deflated. Now you can show your patriotism and do something about it.  The Invisible Hand will allow supporters to substitute executives from any downtrodden company listed on screwedupcompany.com.

You will never own a Bentley, wear hand-tailored silk shirts, or have a gentleman's gentleman; why deprive a worthy executive from ascending, and more importantly, from maintaining the lifestyle he so richly deserves? (pun not intended)  Imagine the feeling of satisfaction, the pure joy of knowing that your sponsored-executive at the former spiltmilk.com will be able to have his caviar and eat it too.

It's just that easy - do it now!

Please charge the account listed below ___________ per day and send me a picture of the Enron executive I have sponsored, along with my very own Enron "Keep America Strong Sponsor an Enron Exec: Ask Me How!" t-shirt to wear proudly.

Your Name: _______________________
Telephone Number: _______________________
Account Number: _______________________
Exp. Date: _______[ ] MasterCard [ ] Visa [ ] American Express [ ]Discover
Signature: _______________________

Mail completed form to "The Invisible Hand" or call 1-900-2MUCH now to enroll by phone. Note: Sponsors are not permitted to contact the executive they have sponsored, either in person or by other means including, but not limited to, telephone calls, letters, e-mail, or third parties. Keep in mind that the executive you have sponsored will be much too busy enjoying his free time, thanks to your generous donations.

Contributions are not tax-deductible.


Jay,

We are looking to transact with this customer on a two year index purchase.  I need to discuss the details with you, but in the mean time here are the financials that they have provided.  Take a close look at them and realize this is a very rich man and he can have very bad things done to you.  So, let's keep that in mind when we are working through all the credit requirements.

Paul

-----Original Message-----
From: Staab, Theresa
Sent: Tuesday, October 02, 2001 10:26 AM
To: Lucci, Paul T.
Subject: FW: Balance Sheet

-----Original Message-----
From: Ruth Reile [mailto:rmr@vcn.com]
Sent: Tuesday, October 02, 2001 10:08 AM
To: Staab, Theresa
Subject: FW: Balance Sheet

-----Original Message-----
From: Juli Pierce [mailto:jpierce@vcn.com]
Sent: Tuesday, October 02, 2001 8:48 AM
To: Ruth Reile
Subject: Balance Sheet

HI Ruth???.Attached is the Balance Sheet as of June 30, 2001

If you have any questions let me know.

Juli


---------------------- Forwarded by Kay Mann/Corp/Enron on 11/10/2000 04:56
PM ---------------------------

	From:  Christi L Nicolay @ ECT                           11/10/2000 03:15 PM

To: Richard Shapiro/NA/Enron@Enron, Sarah Novosel/Corp/Enron@Enron, Joe
Hartsoe/Corp/Enron@Enron, Jeff Brown/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT,
Ben Jacoby/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT, Mike J
Miller/HOU/ECT@ECT, John Moore/Corp/Enron@Enron, Debbie
Chance/Corp/Enron@Enron, Patrick Hanse/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, Rogers Herndon/HOU/ECT@ect, Edward D Baughman/HOU/ECT@ECT,
Tom Dutta/HOU/ECT@ECT, Ozzie Pagan/HOU/ECT@ECT, Tom Hoatson/NA/Enron@Enron,
Janine Migden/NA/Enron@Enron, Steven J Kean/NA/Enron@Enron, Marchris
Robinson/NA/Enron@Enron, John Moore/Corp/Enron@Enron, Bill
Moore/NA/Enron@Enron, Robin Kittel/NA/Enron@Enron, Jeffrey M
Keenan/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT, Charles Yeung/HOU/ECT@ECT,
Shelley Corman/ET&S/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Lloyd
Will/HOU/ECT@ECT, Maria Valdes/Corp/Enron@Enron, James D
Steffes/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Bob
Carter/HOU/ECT@ECT, Chris Gaffney/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT,
Sheila Tweed/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Kerry Stroup/DUB/EES@EES, Greg
Krause/Corp/Enron@Enron, Raimund Grube/Corp/Enron@ENRON, David L
Fairley/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT, Steve
Krimsky/Corp/Enron@Enron, Richard Lydecker/Corp/Enron@Enron, Mary
Hain/HOU/ECT@ECT, Fred Mitro/HOU/ECT@ECT, Janet R Dietrich/HOU/ECT@ECT,
Richard Lydecker/Corp/Enron@Enron, Tom Chapman/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@ENRON, Steve Walton/HOU/ECT@ECT, Kay
Mann/Corp/Enron@Enron, Rebecca Walker/NA/Enron@Enron, Reagan
Rorschach/NA/Enron@Enron, John Berger/HOU/EES@EES, Alan Larsen/PDX/ECT@ECT,
Rusty Stevens/Corp/Enron@ENRON, Dave Kellermeyer/HOU/ECT@ECT, Mathew
Gimble/HOU/ECT@ECT, Ron Tapscott/HOU/ECT@ECT, Michelle Zhang/HOU/ECT@ECT,
Susan M Landwehr/NA/Enron@Enron, Roy Boston/HOU/EES@EES, Aleck
Dadson/TOR/ECT@ECT, Joe Connor/NA/Enron@Enron, Ron McNamara/NA/Enron@Enron,
Robin Kittel/NA/Enron@Enron, Karen E Carter/NA/Enron@Enron, Chris
Booth/NA/Enron@Enron, Steve Montovano/NA/Enron@Enron, Barbara N
Gray/HOU/ECT@ECT, steve.wang@enron.com, ebaughm@enron.com,
terri.clynes@enron.com, oscar.dalton@enron.com, doug.sewell@enron.com,
kcompea@enron.com, mike.e.kelly@enron.com, gary.justice@enron.com,
patrick.hanse@enron.com, ozzie.pagan@enron.com, heather.kroll@enron.com,
david.fairley@enron.com, ray.hoppe@enron.com, george.mccormick@enron.com,
wjennin@enron.com, joseph.wagner@enron.com, elizabeth.johnston@enron.com,
bill.rust@enron.com, Kevin M Presto/HOU/ECT@ECT, John J
Lavorato/Corp/Enron@Enron, David W Delainey/HOU/ECT@ECT, Janet R
Dietrich/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT,
George Hopley/HOU/ECT@ect, Fletcher J Sturm/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, Jeff King/Corp/Enron@Enron, Larry
Valderrama/HOU/ECT@ECT, Peter Makkai/NA/Enron@Enron, Larry
Jester/Corp/Enron@ENRON, Rogers Herndon/HOU/ECT@ect, Mike
Carson/Corp/Enron@Enron, Kyle Schultz/HOU/ECT@ECT, Eric
Saibi/Corp/Enron@ENRON, Grace Kim/NA/Enron@Enron, Laura
Podurgiel/HOU/ECT@ECT, Mitch Robinson/Corp/Enron@Enron, Kayne
Coulter/HOU/ECT@ECT
cc: James D Steffes/NA/Enron@Enron

Subject: FERC Staff Investigations on Midwest and Southeast Bulk Power Systems

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf


When: Wednesday, January 30, 2002 3:30 PM-4:30 PM (GMT-06:00) Central Time (US & Canada).
Where: 1336

*~*~*~*~*~*~*~*~*~*


Start Date: 4/24/01; HourAhead hour: 22;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042422.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 22 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 22 / Preferred:   7.65 / Final:   7.19)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


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March 2002, Edition II
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Message-Id: <20020321133324.E4B5.1183508-19503@info.aa.com>
 [IMAGE]


FYI
----- Forwarded by Sara Shackleton/HOU/ECT on 07/19/2000 02:00 PM -----

	Jay Epstein
	07/11/2000 01:12 PM

		 To: Paul Radous/Corp/Enron@ENRON, Sara Shackleton/HOU/ECT@ECT
		 cc:
		 Subject: Request of grade(s)

Sara and Paul,

I have received a request for a quote from Inforsa CI, and Chilean company.
They appear to have an excellent balance sheet, but I don't know if we are
set up to trade with Chilean companies.  Paul, the company's information is
available on Bloomberg if you type in INFORSA CI and hit the equity key.  We
are just starting discussions with them, but I wanted to make sure to give
you both advance notice.  Please let me know if there is any additional
information that you need from me.

It looks like it will be at least a month before Singapore Press Holdings
will be ready to do business.  I'll keep you informed as our talks progress.

Thanks,

Jay
---------------------- Forwarded by Jay Epstein/HOU/ECT on 07/11/2000 01:06
PM ---------------------------

Bob Crane
07/11/2000 12:33 PM
To: Jay Epstein/HOU/ECT@ECT
cc:
Subject: Request of grade(s)

---------------------- Forwarded by Bob Crane/HOU/ECT on 07/11/2000 12:32 PM
---------------------------

	From:  Kal Shah                           07/11/2000 09:52 AM

To: Bob Crane/HOU/ECT@ECT
cc:
Subject: Request of grade(s)

---------------------- Forwarded by Kal Shah/HOU/ECT on 07/11/2000 09:51 AM
---------------------------

jfigueroa@inforsa.cmpc.cl2 on 07/11/2000 09:43:53 AM
To: Kal Shah/HOU/ECT@ECT
cc:
Subject: Request of grade(s)

PERSONAL INFORMATION

Name:    Jorge Figueroa R.
Company:   Inforsa
City:  Santiago
nCountry:  Chile
Phone:   56-2-6718972

GRADE:  VOLUME:
------  -------
______________________________________

We have one newsprint mill, with a capacity of 200.000 annual tons.
We are interesting to know about the future market.
In your weekly newsletter you have published newsprint prices(bid/Offer) for
3 and 5 years.
What index are you considering to close this kind of deal (RISI, Miller or
other)?.
It's possible to obtain quote prices for 18 or 24 months.


Mark,

	I am committed to a meeting in Seattle with the Western Governors and the FERC on November 1 and 2 respectively.  The next meeting of the Wyoming Energy Commission is on November 12-13 in Evanston and a meeting in Spokane on the 15th, leaving the 14th open.  I know that is beyond your two week window, but it would be the best time for me.

Steve

 -----Original Message-----
From: 	Whitt, Mark
Sent:	Friday, October 19, 2001 3:51 PM
To:	Walton, Steve; Kaufman, Paul; Calger, Christopher F.
Cc:	Tycholiz, Barry; Bump, Dan J.
Subject:	Buffalo Power Company LLC - Gas Turbine Power Plant Project

ENA and Crestone (Northern Border's non-regulated affiliate) met with a group of developers and Joe Meyer, Secretary of State in Wyoming, who have proposed to build a 200 MW power plant (expandable to 500 MW) in the Powder River basin of Wyoming.  Their "angle" is that the existing utility, Powder River Electric Coop, cannot meet the demand for electricity and the necessary distribution infrastructure to maintain the pace of development in the Coal Bed Methane BOOM that is happening in the basin.

As you may or may not know, Enron has been very involved in this Coal Bed Methane play since 1998.  ENA is the largest purchaser of 3rd party gas in the basin and Crestone is the largest non-producer gathering company in the basin.  Crestone has a gathering trunkline located near their proposed site.  The developers will be filing a petition to remove this area from the COOP's certificated territory in the next couple of weeks.

There are obviously regulatory issues revolving around their ability to gain access to this "retail" market and the project would not be economically feasible as a merchant plant in the wholesale market.  However, they seem to have some political backing.

These developers recognize that they need Enron's assistance in developing this project on three main fronts:

1.  Power Marketing and Project development
2.  Gas Supplies and Pipeline access
3.  Regulatory and Transmission expertise

Given the fact that Joe Meyer is the early favorite to be the next Wyoming Governor and we are trying to work well with the State of Wyoming, and we have a natural competitive advantage in this market from a gas supply and pipeline perspective, I would like to pursue this opportunity a little further.

Therefore, I am wondering if I could get a Sr. Commercial Power Representative and a Regulatory Representative (Steve Walton would be good since he will be on the Wyoming Energy Commission), to attend a meeting in Denver with myself and the Crestone representatives sometime in the next 2 weeks.

Please give me a call and I can elaborate on the opportunity or answer your questions.  I don't want to make this email a novel!

Thanks a lot.

303-575-6473


email address  is jane.m.tholt@enron.com
pager is 8005060869
I trade the west desk


Bill - this was meant for you, not me.

 -----Original Message-----
From: 	Hansen, Leslie
Sent:	Monday, July 30, 2001 9:19 AM
To:	Walker, Chris
Cc:	Williams, Bill
Subject:	RE: Hourly loadshapes for West Power

Chris:

I made one change to each loadshape to correct the ending hour.  Otherwise, these are fine.

Leslie

 -----Original Message-----
From: 	Walker, Chris
Sent:	Monday, July 30, 2001 10:54 AM
To:	Hansen, Leslie
Cc:	Lozano, Melba; Meredith, Kevin; Cass, Robert B.
Subject:	Hourly loadshapes for West Power

Leslie,

Bill Williams in Portland has requested hourly products on EnronOnline for the hours ending 12-20.  Attached is the proposed loadshape language.  Please let us know if these look OK.

Thanks,

CW
3-7533

 << File: West Pwr Hourly loadshapes.doc >>


Tana -

FYI -- see below if the originals have not yet gone out.

Thanks.

Mark

 -----Original Message-----
From: 	"Alex Alexander" <alex.alexander@db.com>@ENRON
Sent:	Wednesday, October 17, 2001 10:59 AM
To:	Greenberg, Mark
Cc:	William Chesna; Marcus Tarkington; Peter Wishart; Daniel Lennon; Bill Ryan; Steven Kessler; Jon Ormond; Annette Rosario
Subject:	EnronOnLine

Dear Mark:

I will be away from the office next week. In my absence, you may forward execution copies of the agreements for EnronOnLine to my assistant Annette Rosario who will arrange for execution.

Best and thanks,

Alex

Alex Alexander
Director and Counsel
Deutsche Bank AG
New York Branch
Legal Division
31 West 52nd Street
New York, NY 10019
Mailstop NYC09-0810
tel: 212.469.7102
fax: 212.469.2929
email: alex.alexander@db.com

--

This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and destroy this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden.


Oliver,

I apologize for the delay. I was traveling over the last few weeks.
Please, feel free to edit my bullet points.
I shall be back in the office on Friday afternoon.  In the meantime you can
reach me on my cell
phone: 713 410 5396

My name: Vince Kaminski   (not kaminsky)
Managing Director
Enron Corp.

The Challenge of Valuation of Energy Related Derivatives

 - Modeling the dynamics of energy prices
 - Incomplete markets
 - Complexity of the energy related contracts
  - embedded options
  - multiple layers if optionality

Vince Kaminski

"Oliver Bennett" <conf-ny@msn.com> on 01/24/2000 08:12:16 AM
Please respond to "Oliver Bennett" <conf-ny@msn.com>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Risk 2000 - Boston

Dear Vince,

I apologise for sending another email.  I was wondering if you could confirm
your talk title (plus some bullet points) for your presentation at our Annual
US Congress.  I have attached a condensed programme for the event - you are
speaking on stream three, part of the new research in derivatives modelling
and analysis section.
Unfortunately we are printing the brochure at the end of the week and will
need these details by thursday 27 January.

Best regards,
Oliver

Direct: +44 171 484 9880

Risk Publications, 28-29 Haymarket, London SW1Y 4RX
Fax: +44 171 484 9800  Email: conf-ny@msn.com
www.riskpublications.com
 - att1.htm
 - condensed.doc


---------------------- Forwarded by Mary Hain/HOU/ECT on 02/01/2000 09:47 AM
---------------------------
From: Cooper Richey on 02/01/2000 09:18 AM
To: Mary Hain/HOU/ECT@ECT
cc:
Subject: confidential (client-attorney)

revised excel workbook is attached

please forward to Ellen B.

Ellen - I added the statistic you wanted and updated the older ones (you'll
notice
slightly different prices/occurrences because I hadn't cut off the date at
Jan 1 2000 - i.e., the averages previously included the last month's worth of
data.)

 - c


Several things are not very clear to me and I need to run them by you.

1.  From your email it appears to me that there would be no legal reason
prohibiting your Australian based counterparties from trading all of the
products we offer, however, except for financial Australian power, the
contracting Enron entity will have to be the party referenced on the
particular product.  It appears that the only product Credit has currently
opened the Australian based counterparties to trade anyway is Australian
financial power.

2.  Will you be approving the Australian based counterparties for trading?
Dave Forster appears to want me to approve Australian based counterparties
too, which doesn't make sense to me and Mark Taylor.  What are your thoughts
on this? I guess EnronOnline just does not want a third Legal contract they
are going to have to deal with on an ongoing basis.  FYI,  I currently do not
approve the London based counterparties.

3.  The Australian company number.  Does that have to go on every
confirmation done with an Australian counterparty?  If it does we will need
to make sure that it gets put on every confirmation.  It is my understanding
that the confirmations for online trading will be generated from Houston so
we will have to provide every company number to the Houston Confirmation Desk.

FYI, tomorrow at the end of the day is my drop dead time to get all the
counterparies approved, because the information will have to be loaded in by
London when they arrive for work Friday morning.


Hi Folks,
?
Just a few quick notes on this short Thanksgiving  week.
?
?
?
No Problems for Faulk / Kurt Warner  One more Week:? From USA Today's?Ram's
Page:? "In other  injury news, Marshall Faulk experienced no problems with
his right knee the day  after the game. Martz said quarterback Kurt Warner
almost certainly would miss  one more game before returning from a broken
little finger on his throwing hand.  Two pins were removed from Warner's
finger Monday and he'll throw Wednesday  through Friday in practice, but will
not take any snaps. ''(The doctors) want  him to have another week before
that hand is jarred by anything, just to make  sure it sets real well,''
Martz said.
?
It should be noted that Warner is more optimistic  about playing than his
coach is.? Don't take the coach's word as  gospel.? Remember, it was Martz
who?a few days ago?was saying  Faulk likely wouldn't play Monday night and if
he did, he'd be very  limited.? I'm not saying he's less than truthful.? I'm
saying these  things change.? If I had to guess though, I'd say it's one more
week of  Trent Green.
?
?
?
Tony Horne Out 6 Weeks:? From  USA Today: Tony Horne will be sidelined an
estimated six weeks with a ligament  damage to his left big toe. Coach Mike
Martz described the injury Tuesday as  ''severe turf toe.''? He'll likely be
replaced by CB Dre Bly.
?
?
Ray Crockett Hamstring:?  Denver CB Ray Crockett tore his hamstring Sunday.?
You may have seen it  when he went down and Ryan Leaf was able to hit Jeff
Graham for the long  TD.? It looked pretty bad.? I thought he'd dislocated
his hip the way  he pulled up.? Jimmy Spencer will fill in.?That hurts as the
team gets  ready for Seattle.? The Seahawks are no passing juggernaut but
neither were  the Chargers...
?
?
Mike Alstott Done? Tampa Bay  is calling Mike Alstott's knee injury a 3rd
degree sprain of the medial  collateral ligament (MCL) and he'll likely miss
6-8 weeks which of course means  he's done for FF purposes.? His leg is being
placed in a cast for 10  days.? Surgery doesn't look to be required and it's
a tough blow for the  big guy.? Look for more carries from Warrick Dunn.
?
?
Curtis Martin  Questions?? I've had a ton of requests for more info on the
Curtis Martin situation which is now being called a hip injury instead of a
lower back injury.? Coach Al Groh is being his usual guarded self with the
"if he plays he plays" type comments.? We'll know more here soon and will
shoot it to you.?
?
?
Scott Mitchell  Improving??? CBS Sportsline is reporting Scott  Mitchell's
sprained knee is improving.?? He's listed as doubtful but  is reportedly
making good progress.? With visions of Akili Smith in their  heads, I'm sure
he's getting lots of encouragement.? Seems weird to be  getting excited about
Scott Mitchell but the truth is he looked pretty good  Sunday.? His play was
great news for Peter Warrick fans.? He makes  Corey Dillon better too.
?
?
Jeff George to Start??  Coach Norv Turner said today that unless Brad
Johnson's knee is 100% healthy,  Jeff George would start.? Most reports are
that Johnson's knee is not 100%  yet.? One more great game from George and
this will be very  interesting.
?
?
Donald Hayes 50/50??  KFFL.com is reporting George Seifert said that WR
Donald Hayes is questionable  for this week's game with a bad groin.?RB
Tshimanga Biakabutuka is still  hobbled with a bad foot so the Panthers can
ill afford to lose Hayes  too.
?
?
James Stewart Hopeful??  KFFL.com is reporting: "James Stewart (hip pointer)
and Mario Bates (knee) were  wearing red jerseys during Monday's practice.
Red jerseys mean the players  aren't allowed to be hit. Lions head coach Gary
Moeller stated he thinks Stewart  will be able to play Thursday against the
Patriots.
?
?
?
These are just a few quick ones for you.?  We'll have our full blown Players
in the News Wednesday night.? See you  then.
?
Joe

 To unsubscribe from this group, send an email to:
cheatsheets-unsubscribe@egroups.com


BUSINESS HIGHLIGHTS

TRANSACTION DEVELOPMENT
Transaction Development, headed by Rodney Malcolm, works with Pulp & Paper,
Lumber and Steel to structure and execute some of the more complex deals.
Members of the Transaction Development team have a strong track record of
closing structured transactions involving both capital and commodity risks.
Sample deals would include working on the acquisition of Garden State Paper
earlier this year, and structuring and pitching the first all requirements,
index based, physical steel supply contract to one of the largest players in
the steel servicing segment of the steel industry.

The ability to buy and sell physical product will be critical to creating a
commodity product in these businesses.  Getting access to the physical
product will require creating compelling financing structures, as well as
potentially buying assets to get control of their production capability.  In
all these situations, the Transaction Development team will be a key player
in driving these opportunities to closure.

PEP - REVIEWER FEEDBACK DEADLINE
The Year End 2000 Performance Review Process closes November 17. To access
PEP, go to http://pep.corp.enron.com.  To avoid system delays, please log-on
before the deadline.

If you have any problems accessing the system or have any questions regarding
the Performance Management Process, please call the HR Helpdesk at x3.4040
option 4 or email pep.enquiries@enron.com.

OPEN ENROLLMENT 2001
The final date for making your 2001 benefit elections or changes is November
15, 8:00 am CST to 5:00 pm CST.  Remember, that your current 2000 health
benefit elections will rollover for 2001 if you do not make any changes.

Log-on to www.enron.benefitsnow.com or call 1-800-425-5864.

WELCOME

New Hires ENA/EIM/EGM
ENA ) Tamara Carter/Gas Logistics, Albert Escamilla/Global Counterparty,
Michael Girraratano/Gas Assets Operations, Cassandra Mayeux/Reporting,
Planning Accounting, Christina Perez/Power Plant Acct., Eve Puckett/Info &
Records Management, Tracey Wood/Gas Logistics

EGM ) David Hoog/GRM Risk Products, Judy/Currency Trading

SAVE THE DATE

ENA/EIM/EGM-HOLIDAY PARTY
Enron Field
Saturday, December 9
7:00 pm - Midnight

NUGGETS & NOTES

"Bigger, faster" - Dave Delainey/CEO-ENA

"Four bid at five. What do you want to do?" John Arnold, Vice
President-Financial/Nymex Trading

"We trade weather."  Gary Taylor, Manager - Weather Risk Management Group
"You trade WHAT?!" anyone Gary speaks with.

LEGAL STUFF

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


---------------------- Forwarded by John J Lavorato/Corp/Enron on 10/18/2000
07:27 AM ---------------------------

	Enron Technology

	From:  Darren P Adamik @ ECT                           10/17/2000 09:04 AM

To: John J Lavorato/Corp/Enron@Enron
cc: Kimberly Hillis/HOU/ECT@ect

Subject: EnronCredit Move

John, I need your help again.  Jeff Kinneman's group on level 30 is wanting
to move to level 14.  There are several problems with this move.

1.  This group utilizes the IPC turrets and the 14th floor is not wired to
support them.
 a.  The cabling for each station is very costly ($1000 per desk).
 b.  Our Telecom Room does not have enough rack space to handle any more
cabling for the turrets.
  There is simply not enough closet space for additional 12 pair cabling
 c.  AMP, the vender that makes the 12 pair connectors, are no longer
manufacturing the connectors needed for the 12 pair cables.
  The vender will be making a special run to make more of them for Enron in
late December.
  Hopefully, they will make enough to last until June of 2001.

2.  This group also utilizes the Stentofon and Amtel Systems.
 a.  Again this floor is not wired to support these devices.

3.  The Response Time would be affected.
 a.  The Trading Floor Support Team is located on level 31, near the ENA
trading floors.
  A team of only three supports all Enron's IPC phones, Recording channels,
Stentofons and Amtels on the Trading Floors.
  Team members would have to use two elevator banks, instead of the stairs
for one or two floors, before they could be on site for this group.
 b.  We now have three other Trading Floors that we support that are not on
Levels 30, 31 or 32 and one more would hurt us even more.
  The groups are EBS, EES and Bridgeline.

4.  There is no UPS power for that floor; so their computer systems would be
susceptible to power outages.

I am not sure what the reason(s) are behind this business unit wanting to
move to level 14, but I have an alternative plan.  Level 29 has been
completely cabled out with 12-pair cables for the IPC Tradenet phones and is
also cabled for Stentofons and Amtels.  This floor has been built out with
Trading Desk furniture as well.

My suggestion is to have this group relocate to level 29 instead of level 14;
this will save the company both money and time.  Your help is needed to
convince Jeff's group to move to level 29 instead of 14.

Any help that you can provide would be appreciated.

Thanks,
Darren Adamik
Mgr.-Trading Technology
Enron Net Works
713-853-4764


As promised, here is a picture of Elizabeth and John Linnell's son, Mark Ian.

 - Dsc00138.jpg


I am sure I will be here... Let me take you out for lunch.

BT

 -----Original Message-----
From: 	Prior, Liz
Sent:	Monday, September 10, 2001 4:30 PM
To:	Tycholiz, Barry; Dietrich, Dan
Subject:	Coming to Visit

Hey guys, I'm coming to Houston October 6th - 9th and I was hoping that we could do lunch or dinner or something.

Let me know if your going to be around and maybe we can hookup

Thanks

Liz Prior


What's the final answer.... do you need the enduser gas or do you want me to
cut the enduser gas? P

 If you really need the enduser gas... the only other option is for me... is
to beg TCO to let me inject some pool gas into storage for that gas day to
avoid the $10 withdrawal penalty... but we would still incur the overrun
charge plus the additional overrun charge to get the gas into storage. Need a
decision by 1 pm CST time on Monday, January 31st. Thank you!!!!

Please pass this note to Melissa... still don't have her e-mail address.

Can't wait for it to warm up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

	From:  Joan Veselack                           01/27/2000 07:38 PM

To: hboyd@columbiaenergygroup.com, kdestep@columbiaenergygroup.com
cc: mstiles@columbiaenergygroup.com, knovsek@columbiaenergygroup.com, Chris
Germany/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Scott Hendrickson/HOU/ECT@ECT,
Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT

Subject: TCO STOW Overage - 1/24

Kara/Heidi, please give this to Brian and Melissa.

Because the burns significantly increased on 1/24 from the forecasted amount
(+16749). Contract #63281 was over-run and Storage #51407 was over-withdrawn.
Contract over-run is $.21 per dkt and storage over-withdrawls are $10 per dkt.

Because the forecast was lower, I let Joann use the extra space for CES
Enduser Market. TCO will let me cut gas to CES Enduser Markets as a retro.
Not sure if you want this gas to flow or try to make it up over the weekend.
If you need the gas to flow because of OFO penalties, maybe the storage
over-withdrawal is cheaper than incurring OFO penalties. Please tell me what
you want me to do. Need to do the retro's ASAP while TCO is still feeling
generous.

FYI, the traders at Enron talked to Noel Bartlo on Tuesday. Noel said any
costs over the space that retail had (134,710 for choice), Enron had the
right to pass on the costs. I really hope the Noel communicated that to CES
Retail. I would hate to have a huge misunderstanding between Enron and CES
Retail. Remember, we schedulers are caught in the middle... and don't try to
cause unnecessary pain.

63281/236 coh 7-1  2934/2872
63281/170 coh 7-5  1922/1881
63281/99 coh 5-2  427/418
63281/221 cpa8-35 1639/1604
63281/220 cpa8-35 511/500

Total    7433/7275


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Find the home business thats right for you!!

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Attached is Enron's Reply Brief - which was filed today with the CPUC in
docket R.99-10-025.  Hard copies will follow by U.S. mail.

Bob Frank
Enron Corp.
713-853-3180


Thanks.

Many of the changes to Brian's CO don't apply to CO 1.  I've made the
relevant changes to revision 5 attached below for your review.  If it's
acceptable, please let me know who will sign the CO for ENA so that I may
bring hard copies to that person for signature.  I believe it is Ben Jacoby,
but this Change Order has been floating around different people in ENA since
November, so I want to make sure I get it to the right person.

Thanks
Renee Alfaro
Phone: 713-646-7281
Fax: 713-646-6158
Email: ralfaro@enron.com

	Kay Mann@ENRON
	02/05/2001 01:53 PM

		 To: Renee Alfaro/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc:
		 Subject: Blue Dog Change Order

I should have included you.  Sorry!
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/05/2001 01:52
PM ---------------------------

Kay Mann
02/05/2001 11:21 AM
To: Brian D Barto/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Scott
Dieball/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, David Marshall/HOU/ECT@ECT
cc: Roseann Engeldorf/Corp/Enron@ENRON

Subject: Blue Dog Change Order

Hi there,

I've made some suggested changes on the CO you sent.  In the interest of time
I'm sending this to David Marshall, since this largely deals with ROL and
insurance, and I couldn't tell if he has read this previously.

Thanks,

Kay


Two different sources have heard that Governor Davis is preparing to
order the CPUC to implement the provision in ABX 1 that would suspend
the authority of parties to enter into direct access contracts.
According to these sources, the intent of the Administration is to place
all direct access advocates in the position of having to justify why
each and every party should be the exception to the suspension rather
than have a general rule concerning how direct access should work for
all parties.


darling.  please.  don't taunt me.  i'm now too flustered for words.

got your page and voicemail.  been wrapped up ALL day.  i'll try to call
later.  give me your number again, please.

	Colleen Silva <Csilva@redsky.com>
	11/09/2000 03:34 PM

		 To: "'jdasovic@enron.com'" <jdasovic@enron.com>
		 cc:
		 Subject: RE:

darling one,

i have a great proposition for you! and it involves me getting on my knees,
so do call soon!

xoxoxo colleen


FYI, Daschle is heating up the debate on Alaskan pipe, but note Pat's quick analysis.
- Nancy

 -----Original Message-----
From: 	Shortridge, Pat
Sent:	Monday, October 22, 2001 11:32 AM
To:	Bagot, Nancy; Hartsoe, Joe
Subject:	RE: Daschle may allow ANWR vote in Senate, according to Press

If  they have 60 votes, Daschle's "consent" isn't needed.  You break the fillibuster and invoked cloture.  There's no need for any deal on the Alaska pipeline.  If anything, the Dem leadership seems to be using the Alaska pipeline as a political football to distract attention away from their refusal to allow a vote on ANWR.  If they can establish that the Alaska gas pipeline is the key to solving America's energy security needs, then it's not such a big deal to block ANWR.

It's an interesting strategy, but I don't know if it works.

 -----Original Message-----
From: 	Bagot, Nancy
Sent:	Monday, October 22, 2001 10:56 AM

Natural Gas Intelligence
the weekly gas market newsletter
published : October 22, 2001
Daschle Sets Conditions for ANWR Vote in Senate
Senate Majority Leader Tom Daschle (D-SD) has indicated that he will allow a vote on oil and natural gas drilling in the Arctic National Wildlife Refuge (ANWR) if the pro-ANWR forces in the Senate can pick up 60 votes to bring the proposal to the floor.
Since any move to introduce an ANWR initiative assuredly will be followed by a filibuster, he said at least 60 senators would have to vote in favor of cloture to end the filibuster so that the proposal could proceed to the Senate floor for action. Sen. John Kerry (D-MA) has vowed to filibuster any ANWR bill.
Daschle's conditions for an ANWR vote came under immediate attack from Sen. Frank Murkowski (R-AK), a key ANWR proponent. He questioned "why is the Democrat leadership so afraid to give ANWR a straight up or down vote? Why do we need 60 votes to pass this?" ANWR, Murkowski added, "is certainly something that should not be filibustered."
Daschle further tied his consent for an ANWR vote to the Senate getting behind a compromise measure to build a long-line pipeline from Alaska to the Lower 48 states. Murkowski, as well as other key Republican senators, denounced this "quid pro quo" offer, calling it "inappropriate."
Murkowski said it hasn't been established yet if specific legislation will be needed for the Alaskan pipeline, other than to streamline the permitting process and possibly offer economic incentives to the sponsors of the project. In addition, he believes the Senate should withhold any action until the three major Alaskan producers --- ExxonMobil, Phillips and BP -- complete their study on the feasibility of constructing the pipeline, and an application is filed at the Federal Energy Regulatory Commission.
Nevertheless, Daschle's remarks were noteworthy because it was the first time he publicly expressed an interest in the Alaska pipeline, noted a press aide to the Senate Energy and Natural Resources Committee. "When he expresses an interest in the pipeline, you can be sure it is shooting to the top of the list" of items on the Senate agenda.
Senate Democrats, for the most part, see "ANWR as just a big distraction," while the "Alaska pipeline is the big deal," the committee spokesman noted. Republicans, however, have expressed "some anxiety" about the pipeline issue overtaking the ANWR debate. "An Alaskan natural gas pipeline isn't going to do anything to help reduce our dangerous dependence on foreign oil," argued Murkowski.
In a related development, Democratic and Republican members of the Senate Energy Committee had been expected to meet throughout last week to discuss issues to be included in comprehensive energy legislation that will be sent to Daschle for Senate action before adjournment. It wasn't known how much of a monkey wrench the anthrax scare on Capitol Hill threw into these plans, however.
Murkowski said that he expected to have a scaled-down energy bill ready last week for introduction by the Republican leadership, but that never materialized.
Energy Secretary Spencer Abraham came to Capitol Hill last Tuesday to help propel the Senate into action. Energy legislation "needs to occupy center stage" in the Senate now, he said, adding that it was a "high, high national priority."
The House of Representatives "has done its job; it's time for the Senate to act," he told reporters. "This is legislation that does not need a lot of time on the floor to be finished." It is "not a highly complicated process," Abraham noted.
Moreover, "I think it would be great if the Senate had a fair vote on ANWR," said Abraham, who was flanked by several Republican senators, including Murkowski. "I don't think there has to be much haggling" on the issue.


They shouldn't be doing any trading so I hope we won't need those things.

	Tana Jones
	05/18/2000 04:23 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc:
		 Subject: Enron NetWorks LLC

I spoke to Kate Cole and she said Enron NetWorks (I'm not sure of the correct
spelling yet) was incorporated as a Delaware corporation on 4/13/00.  She
has made me a copy of their articles of incorporation and LLC Agreement and I
am sending a messenger to pick them up, as well as a copy of the officers and
directors, which appears to have been approved.  The banking resolution went
to Julia today for signature.  Do we need to adopt any other resolutions
(brokerage, approval of agreements, etc.).  How about adoption of the trading
policy?


---------------------- Forwarded by Mary Jo Brown/AM/LLY on 09/13/2000
09:48 AM ---------------------------

COLLEEN M PARKER
09/12/2000 10:02 AM

To:   Nancy Addington/AM/LLY@Lilly, Patricia A Andrews/AM/LLY@Lilly, Kindra
      L Antey/AM/LLY@Lilly, Rhea K Apple/AM/LLY@Lilly, Victoria L
      Arthur/AM/LLY@Lilly, Margaret R Ban/AM/LLY@Lilly, Sadie A
      Barnett/AM/LLY@Lilly, Lisa E Bayne/AM/LLY@Lilly, Shirley D
      Bell/AM/LLY@Lilly, Rebecca S Brawner/AM/LLY@Lilly, Mary Jo
      Brown/AM/LLY@Lilly, Cheryl S Bruggenschmidt/AM/LLY@Lilly, Angela C
      Byrne/AM/LLY@Lilly, Vickie E Cafaro/AM/LLY@Lilly, Bryce D
      Carmine/AP/LLY@Lilly, Jennifer L Clark NONLILLY/AM/LLY@Lilly,
      Jacqueline S Coy/AM/LLY@Lilly, Newton F Crenshaw/AM/LLY@Lilly,
      Mitchell E Daniels Jr/AM/LLY@Lilly, Blake E Devitt
      NONLILLY/AM/LLY@Lilly, Mary Dieter/AM/LLY@Lilly, W Roy
      Dunbar/AM/LLY@Lilly, Michael L Eagle/AM/LLY@Lilly, Jalana C
      Eash/AM/LLY@Lilly, Kathleen M Edwards/AM/LLY@Lilly, Mary J
      Everitt/AM/LLY@Lilly, Rafael D Fernandez/AM/LLY@Lilly, Carrie L
      Fisher/AM/LLY@Lilly, Stacey L Fout/AM/LLY@Lilly, Neal F
      Fowler/AM/LLY@Lilly, Brendan P Fox Dr/AM/LLY@Lilly, Terra L
      Fox/AM/LLY@Lilly, Charles E Golden/AM/LLY@Lilly, Pedro P
      Granadillo/AM/LLY@Lilly, Jill E Graves/AM/LLY@Lilly, Thomas W
      Grein/AM/LLY@Lilly, Robert W Grupp/AM/LLY@Lilly, Sharolyn A
      Hallinin/AM/LLY@Lilly, Arnold C Hanish/AM/LLY@Lilly, James A
      Harper/AM/LLY@Lilly, Daniel J Hasler/AM/LLY@Lilly, Jeffrey W
      Henderson/AM/LLY@Lilly, Deborah M Hohlt/AM/LLY@Lilly, Terri L Horvath
      NONLILLY/AM/LLY@Lilly, Andrew T Hotchkiss/EMA/LLY@Lilly, Ledora
      Jacks/AM/LLY@Lilly, Shirley M Johnson/AM/LLY@Lilly, Joseph B
      Kelley/AM/LLY@Lilly, Rebecca O Kendall/AM/LLY@Lilly, Gregory A
      Kueterman/AM/LLY@Lilly, Shelley K Lambert/AM/LLY@Lilly, John C
      Lechleiter/AM/LLY@Lilly, James B Lootens/AM/LLY@Lilly, David J
      Marbaugh/AM/LLY@Lilly, Patricia A Martin/AM/LLY@Lilly, Michael
      Marvel/AM/LLY@Lilly, Andrew Mascarenhas/AP/LLY@Lilly, Gerhard
      Mayr/EMA/LLY@Lilly, Curtis L McDaniel/AM/LLY@Lilly, Dale E
      Millington/AM/LLY@Lilly, Mary M Moyer/AM/LLY@Lilly, Cheryl Dawn
      Neal/AM/LLY@Lilly, Jeffrey G Newton/AM/LLY@Lilly, Patricia A
      Norton/AM/LLY@Lilly, Karen K Phebus/AM/LLY@Lilly, Richard D
      Pilnik/AM/LLY@Lilly, Theodore J Planje/AM/LLY@Lilly, Steven R
      Plump/AM/LLY@Lilly, Melissa D Pollard/AM/LLY@Lilly, Carol A
      Prickett/AM/LLY@Lilly, Karin Ricketts/AM/LLY@Lilly, William R
      Ringo/AM/LLY@Lilly, Tracy E Roberts/AM/LLY@Lilly, Mary E
      Robinson/AM/LLY@Lilly, Donald A Royston/AM/LLY@Lilly, Julie D
      Ruff/AM/LLY@Lilly, Gino Santini/AM/LLY@Lilly, Gail Sax/AM/LLY@Lilly,
      Andrea K Smith/AM/LLY@Lilly, Kathleen K Smith NONLILLY/AM/LLY@Lilly,
      Michael R Smith/AM/LLY@Lilly, Michael R Smith/AM/LLY@Lilly, Robert
      Lee Smith/AM/LLY@Lilly, Gretchen E Spaulding/AM/LLY@Lilly, Rosemary I
      Spearing/AM/LLY@Lilly, Jane J Springer/AM/LLY@Lilly, Elizabeth A
      Stoneking/AM/LLY@Lilly, Ronald F Stowe/AM/LLY@Lilly, Donna L
      Tackett/AM/LLY@Lilly, Sidney Taurel/AM/LLY@Lilly, Michael E
      Thyen/AM/LLY@Lilly, Brenda D Turk/AM/LLY@Lilly, Laura M
      Tyler/AM/LLY@Lilly, Albertus VanDenBergh/EMA/LLY@Lilly, Mildred L
      Vaught/AM/LLY@Lilly, Jeffrey L Wadman/AM/LLY@Lilly, Maryanne
      Wagner/AM/LLY@Lilly, August M Watanabe/AM/LLY@Lilly, Jennifer
      Yoder/AM/LLY@Lilly
cc:

Subject:  **PRESS RELEASE**Anti-Hepatitis C Ribozyme Safety and
      Pharmacokinetics Trial Successfully Completed

The attached joint press release was issued by Ribozyme late last night,
Sept. 11.

(See attached file: Ribozyme Joint Release.doc)

COLLEEN PARKER
Corporate Communications
276-3402

 - Ribozyme Joint Release.doc


-----Original Message-----
From: 	eberle@sequoia.jsc.nasa.gov@ENRON   On Behalf Of Bobby Eberle <bobby.eberle@gopusa.com>
Sent:	Friday, November 09, 2001 7:31 AM
To:	Weldon, V. Charles; Steve Findley; Bill Fairbrother; Kerri Houston; Richard Powell; Paul Dickerson
Subject:	upcoming board meeting reminder

Greetings to all,

Just wanted to remind you about our upcoming Board of Directors
meeting.  The meeting will be held on Saturday, December 8 in Houston.
Thanks to Paul, we will be meeting at the same location as last time --
the law offices of Haynes & Boone.  Let's plan to start at 10:30am.

If you have any questions, please let me know.

Take care,

Bobby


Hi beautiful.  Thank you for the pictures.  You look so good.

I still don't know when I will be able to come to Brazil.  Please write with
your schedule so I can know when you will be there.

How are you doing? Is school going well?  I am anxious to hear you speak
english.  I have been thinking of you a lot lately.

Kisses

Rob


Mr. Vincent J. Kaminski
Managing Director
Enron Capital & Trade Resources Corp.

Dear Mr. Kaminski:

You are cordially invited to attend a special workshop during CERAWeek 2001
in Houston addressing new and subtle dynamics in the oil market that could be
costing companies millions of dollars in lost revenue.

The workshop presents insights from a recent CERA study entitled: "The Hole
in the Barrel: Capturing Value from a Volatile Oil Price".? The speakers will
explain the challenges and suggest practical steps not only to mitigate these
forces, but use them as a way to increase revenue.

TIME: Monday, February 12, 2001, 2:00-5:00pm
LOCATION: Westin Galleria, Houston, TX
COST: The workshop is a deliverable to Members of The Hole in the Barrel:
Capturing Value from a Volatile Oil Price.

For non-Members of the Hole in the Barrel Multiclient Study, a fee of
US$3,500 will be charged (fee can be applied to the purchase of the study).

Please visit our online prospectus for the study located at:
http://www20.cera.com/offerings/details/0,1504,CID1075,00.html?

For more information, please contact me at badedamola@cera.com or +1 617
441-1348.

Barry Adedamola
Associate Director, Oil & Global Strategies

************************************************************
Our relationship with you is very important to us.? If you
wish not to receive e-mail notifications from CERA, please
send a reply to this message with "DoNotEmail" as the subject
of your message. ( mailto:info@cera.com?subject=DoNotEmail )
************************************************************


Thanks for the update.  Let's hope Citizens sticks with you guys for the full term.  Jeff Hodge told me yesterday that he has requested some changes in the ENA/EAMR contract from Lou, but that Lou hasn't called back.  I will assume that you will follow up on that contract and make sure it gets done.  With respect to the monthly fee, I am assuming you will be sending ENA an invoice each month.  Kim Ward at 713/853-0685 will be your contact person if the invoice isn't paid and she will coordinate with our settlements group until we get into a monthly routine.

Let me know if there are any other issues.

Chris

-Original Message-----
From: 	Smith, Sarabeth
Sent:	Wednesday, August 01, 2001 8:09 AM
To:	Soldano, Louis; Foster, Chris H.; Hodge, Jeffrey T.
Subject:	Citizens Agreement with EAMR is now executed

Lou, Chris and Jeff,
The services agreement between EAMR and Citizens for gas control and transaction management services is now executed.
Yesterday afternoon, Citizens faxed the execution pages back to us.  EAMR's original of the agreement is expected in the mail shortly.
Full service under the agreement is beginning today.
Last week EAMR put the total insurance package in place that finally satisfied Citizens' requirements.


I have received responses from ten people (including four who told me that
they do not have any filings to make for HPL -- thanks), but I believe that I
have not received a response from anyone remaining on the above addressee
list regarding the below memoes.  I have been asked to finalize this project
by the end of September, so I again request that you please respond, even if
your response is that you and/or your department are not responsible for any
HPL regulatory filings.  As previously requested, also please send me hard
copies of any forms and instructions related to any such filings.  Thank you.
---------------------- Forwarded by Tom Shelton/HOU/ECT on 09/21/2000 09:40
AM ---------------------------

	Enron North America Corp.

	From:  Tom Shelton                           09/13/2000 10:33 AM

To: Steve Schneider/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Steve Van
Hooser/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT,
David L Johnson/OTS/Enron@ENRON, David Tonsall/OTS/Enron@ENRON, Charlie
Thompson/GCO/Enron@ENRON, James McKay/HOU/ECT@ECT, Dan
Pribble/OTS/Enron@ENRON, Robert Cook/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT,
Nick Cocavessis/Corp/Enron@Enron, David Ayers/GCO/Enron@ENRON, Mary
Ogden/HOU/ECT@ECT, Edward Fundora/Corp/Enron@ENRON, Warren
Schick/Corp/Enron@ENRON, Cheryl Dudley/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT,
Michael Eiben/HOU/ECT@ECT, David Kantenberger/GCO/Enron@ENRON, Karry
Kendall/HOU/ECT@ECT, Ron Green/Corp/Enron@Enron
cc: Emma Kam Welsch/HOU/ECT@ECT
Subject: Regulatory filing list

There's still a week before September 20, but I just wanted to send a
reminder about this project.  I have received responses from a couple of you,
including one from Charlie Thompson which told me he had nothing to report,
which response was much appreciated.
---------------------- Forwarded by Tom Shelton/HOU/ECT on 09/13/2000 10:25
AM ---------------------------

	Enron North America Corp.

	From:  Tom Shelton                           08/30/2000 10:35 AM

To: Steve Schneider/HOU/ECT@ECT, Barbara N Gray/HOU/ECT@ECT, Steve Van
Hooser/HOU/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Irene Flynn/HOU/ECT@ECT,
David L Johnson/OTS/Enron@ENRON, David Tonsall/OTS/Enron@ENRON, Charlie
Thompson/GCO/Enron@ENRON, James McKay/HOU/ECT@ECT, Dan
Pribble/OTS/Enron@ENRON, Robert Cook/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT,
Nick Cocavessis/Corp/Enron@Enron, David Ayers/GCO/Enron@ENRON, Mary
Ogden/HOU/ECT@ECT, Edward Fundora/Corp/Enron@ENRON, Warren
Schick/Corp/Enron@ENRON, Cheryl Dudley/HOU/ECT@ECT, Jim Coffey/HOU/ECT@ECT,
Michael Eiben/HOU/ECT@ECT, David Kantenberger/GCO/Enron@ENRON, Karry
Kendall/HOU/ECT@ECT, Ron Green/Corp/Enron@Enron
cc: Emma Kam Welsch/HOU/ECT@ECT
Subject: Regulatory filing list

 I am renewing the effort to compile a comprehensive list of filings made
with regulatory agencies by HPL and affiliated companies.  The template on
which to list the information has been modified pursuant to suggestions by
several people, and the final template (in Excel format) is attached hereto
(see "RegFilingForm" below).  Some of you have already sent me responses to
earlier drafts (which are already included on "RegFilingsMaster" below), but
please re-complete the form as necessary to include information in the added
columns.  We intend to ultimately be able to "sort" the entries by various
categories (company, agency, state, etc.) so that we can generate partial
lists for particular purposes.
 In addition to the spreadsheet, we are also going to put together a "desk
book" about such filings, which will include a copy of the relevant forms and
any instructions regarding the completion and filing of such forms.  So
please also send me a copy of forms/reports which you file with agencies for
inclusion in the desk book.  Since rules and forms obviously will change from
time to time, the desk book will be in loose leaf form to allow for easy
updating.
 Attachment "RegFilingsMaster" shows what information I have previously
received and already incorporated into the form.  Please use Attachment
RegFilingForm to make any additions, and I will have it incorporated into the
master spreadsheet.  If there are any corrections or deletions which need to
be made on RegFilingsMaster (e.g., if we no longer make LRC/Bridgeline
filings), please tell me that as well.
 I'm sure there are people/departments that make filings that I am not even
aware of, so please forward this form to anyone who might remotely have any
information we need to complete this project (and cc: me so I know to follow
up with them).  I hope to finalize this long-standing project by the end of
September, so please send me your responses by September 20 so we can collate
them into a complete list.  If you receive this memo and do not have anything
to add to the list, please send me an e-mail stating that fact as well so I
don't bother you again.
 Thank you very much for your help.  E-mail me or call me at 36417 if you
have any questions.


503-464-3740

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Wednesday, October 24, 2001 7:52 AM
To:	Belden, Tim
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

What's your fax number?

 -----Original Message-----
From: 	Belden, Tim
Sent:	Wednesday, October 24, 2001 8:39 AM
To:	Dasovich, Jeff
Subject:	RE: Conversation with Edison re: Getting Negative CTC Paid

I don't understand the netting that you are referring to.  Does it mean that they will pay negative ctc's up to some just and reasonable amount and anything above the j&r level will be paid out when all of the other people are paid.  How do they define the "ESP's share of the undercollection?"

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Tuesday, October 23, 2001 3:02 PM
To:	Shapiro, Richard; Steffes, James D.; Mellencamp, Lisa; Tribolet, Michael; Sanders, Richard B.; Kean, Steven J.; Sharp, Vicki; Smith, Mike; Williams, Robert C.; Curry, Wanda; Swain, Steve; Huddleson, Diann; Calger, Christopher F.; Belden, Tim; Dietrich, Janet
Subject:	Conversation with Edison re: Getting Negative CTC Paid

I talked to John Fielder (SVP Edison) about setting up a meeting for Barry Tycholiz with Edison's CFO about hedging Edison's QF price risk. Fielder wanted to talk about the negative CTC issue. Here's what he said:

They plan to "settle" with the ESPs and pay them when they pay everyone else, which he re-iterated would be sometime in Q1'02.
Edison is holding firm to the notion that the negative CTC contributed to the utility's undercollection and that the ESP's share of the undercollection has to be netted against the payables attributable to the negative CTC and owed the ESP.
He said that they will propose to net it out in one of two ways:  1) lump sum netting (i.e., if they owe $50MM and the share of the undercollection is $30 MM, then they pay the ESP $20 MM; or 2) future reductions in PX Credit (i.e., they pay the ESP $50 MM, and then reduce the PX going forward until the $30 MM is paid down).  The numbers are illustrative only.
In addition, he said that they have the view that a decision is going to have to be made about 1) whether DA customers pay for stranded costs tied to the DWR L-T contracts, and 2) whether DA customers pay going forward for stranded costs tied to the QF contracts.  (Edison is clearly lobbying the PUC to get DA customers to pay for these costs.)
I recommended strongly that he de-link issues 1 and 2 above from the issue of paying us ASAP what they owe us for negative CTC.  He agreed.
He said that the PUC judge's recently issued pre-hearing conference order requires that Edison "meet and confer" with ESPs prior to the Nov. 7th hearing, and that Edison intends to set something up with ESPs prior to that hearing.
Fielder is also the point person on "getting ESPs paid" and intends to initiate settlement discussions with ESPs week after next.
It was very clear from the conversation that Edison is going to do everything possible (at the expense of creditors) to maximize headroom under the settlement it struck with the PUC a few weeks ago.  Edison's stalemate with the QFs is evidence of it.  We shouldn't assume anything different with the Negative CTC issue.

If you have any questions, let us know.

Best,
Jeff


Any GCP adjustments will be highlighted in blue.

 Rgds.

 Samuel x3-9890
 Enron Net Works _ Global Counterparty Team

 -----Original Message-----
From:  Moran, Tom
Sent: Tuesday, May  22, 2001 4:51 PM
To: Lambert, Karen; Jones, Tana; Schott, Samuel; Taylor, Mark; Reves, Brant;
Brackett, Debbie R.; Clark, Cynthia; Enron Europe Global CounterParty,;
Sever, Stephanie; Moran, Tom; Clark, Claudia; Bradford, William S.; Lees,
Lisa; Fayett, Juana; Morse, Jana; Le, Trang; Maley, Paul; Clarke, Sonya;
Davies, Tim; O'day, Karen; Rohauer, Tanya; Lombardi, Kelly; Lindsay, Brian;
EOL Call Center; Hare, Bill D.; Heffernan, Amy; LaFuze, Molly; Clark, Danny;
Panus, Stephanie; Mandola, Teresa; Kyle III, Bill; Ebow, Amber; Arnold, Thu
Pham; Coleman, Tandra; Campbell, Lesli; Lebrocq, Wendi
Subject: EOL Approvals: 05-22-01

Please see attached

 << File: EOL 05-22-01.xls >>

Regards,
Tom Moran
713-853-3017


Attached is a revised draft of the letter. The only change from the prior draft is to the volumes in the first sentence of the second paragraph. I've changed the contracted capacity figure from 120,000 Mcf to 106,700 per feedback from Keith. I think this is now ready to file, except that we will need to fill in the blanks. Please confirm this and give me a call at your convenience so that we can discuss the logistics of the filing. Thanks.


Please note that the Cleburne plant is expected to come back up on Sat.
morning the 7th of October.  I have already submitted the nominations to
Lonestar for the weekend (7th-9th), taking all gas to the plant.  If they
come up early, we have imbalance gas that will serve them.   I have informed
Mary of this, and will give her a copy of the noms, #'s and contacts, etc....

Thanks,
Mark
x33396

---------------------- Forwarded by Mark McCoy/Corp/Enron on 10/05/2000 12:06
PM ---------------------------

Mike Mazowita
10/05/2000 10:39 AM
To: Mark McCoy/Corp/Enron@Enron
cc: Daren J Farmer/HOU/ECT@ECT

Subject: Tenaska IV outage update

FYI.
---------------------- Forwarded by Mike Mazowita/Corp/Enron on 10/05/2000
10:32 AM ---------------------------

"Mike Gough" <mike.gough@naes.com> on 10/05/2000 10:28:10 AM
Please respond to <mike.gough@naes.com>
To: "Mazowita, Mike" <MIKE.MAZOWITA@ENRON.COM>
cc: "Scarborough, Dan" <dan.scarborough@naes.com>, "Ward, Chuck"
<Charles.Ward@enron.com>

Subject: Tenaska IV outage update

We are finally beginning to put closure on our outage. It has been
frustrating to say the least. We are currently projecting a late Friday or
early Saturday morning startup barring any unseen problems.

MG