Jack Wells is the contact for both - I've added his name to deal #507417.
According to Sean Crandall, these deals are separate from 347356. That deal
was a sale, and the deals entered today are all buys. Sean said we're just
buying back the MW we originally sold them. But I think that's the only
connection. Let me know if you need more of an explanation from the traders,
but our take is that these deals are separate.

Thanks,
Kate

	From:  Sharen Cason                           01/29/2001 04:05 PM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Deal 507430 and 507417

Are these two deals part of the original Conoco deal # 347356 that they are
extending or something different?  We need to know because we have to add
something in the confirmation if they are extensions of the original deal.
Also, is Jack Wells the contact for both?

Thanks!


Here is the Mid American Confirmation liked we discussed. I added the
language like we did in Aquila and Vitol.


John,

Attached are the Demand Notes prepared for the following Project NOL vehicles:

1.	FS 360 Corp.
2.	Mangas Corp.
3.	Tularosa LLC.
4.	Chiricahau I - XIV.

Please be advised, Deb Korkmas prepared the Demands Notes, and forwarded same to Stephen Douglas for his further handling and execution.

Deb does not know if the Demand Notes were ever executed.

Let me know if I may be of further assistance.

Regards,
Susan S. Bailey
Senior Legal Specialist
Enron Wholesale Services
Legal Department
1400 Smith Street, Suite 3803A
Houston, Texas 77002
phone: (713) 853-4737
fax: (713) 646-3490
email: susan.bailey@ enron.com

 -----Original Message-----
From: 	Korkmas, Deb
Sent:	Tuesday, November 27, 2001 9:13 AM
To:	Bailey, Susan
Subject:	Chiricahua Notes

Susan, per your request.  Deb


Regarding the deal Chris Foster did on 4/6 with Sierra Pacific Holding Co. -

Bob Ellery, Sierra's Director of Energy Resources, and Steve Hall, one of
Portland's most expeditious lawyers, have decided to execute the deal under
the designation Sierra Pacific Industries, which is also named in the master
agreement. We still, however, need this name added to the counterparty list
in EnPower.

Thank you all for your help on this, and I appreciate your future assistance
in getting this deal out of the "New Counterparty" void.

Kate Symes
Trading Support
503-464-7486


Hey Doug, I'm back in the office for awhile.  Let me know if you still have
questions.

dkinney@columbiaenergygroup.com on 08/07/2000 01:21:57 PM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc: " - *scott.goodell@enron.com" <scott.goodell@enron.com>
Subject: Invoice Questions

Chris--In addition to my question regarding the AGL-related "transportation
adjustment" charges in the June 15, 2000 invoice for May 2000 (invoice #
11738SA), can you also please check on the 200,000 dth sold to CES at the TENN
Bear Creek storage facility in June?   (SA-236411).   Is this gas related to
one of the so-called pre-pay deals (TEAC, MGAM, MGAG)?  If not, what is it
for,
because we have not requested that any gas be injected into the Tennessee
storage for this injection season.

Thanks.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317


===================================================
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Chicago Board Options Exchange recommends options trading.
Learn how options trading can benefit your portfolio.
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Recommend emails are a powerful way to get investment tips as they happen
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*NOTE : DO NOT reply to this email. Replies should be made within 'Discuss'
at the url given below.
+-+-+-+-+-+-+-+-+-
'kensey' has removed _XAU.X (Doink) at Nov 21 2001  2:38PM

Gold ( INDE : _XAU.X )
Other Indexes : 0 new highs in group of 9

Symbol       Last     Time     Change     High      Low     Volume
-----        ----     ----      -----     ----      ---      -----
_XAU.X      50.30   2:20PM      -0.04    50.84    49.61          0

Community Take
--------------
21 Long / 2 Short

'kensey' said:
Wed Nov 21 11:24:11 2001

take profits +8 percent _XAU.X short as the stochastic lines have completed navigation from overbought to oversold.  given that _XAU has essentially vibrated more than it has surfed, flat seems the way to pump the board.

_XAU not out of the woods let by any stretch having taken out key support at 52.  52 figured as support in july, early aug, mid oct and gets breached here.  so, if _XAU traces back up to near 52 level it would be one of the best short opps on gold offered in many moons.

as far as potentials for tonights NBA matchups on sportsbook.com, what stands out is the under @196 boston/atlanta in a 2 Team parlay with the under @190 memphis/cleveland.  $100 pays $260.  one might also take boston and give 8 points on a straight wager given that atlanta has lost its last 21 road games in a row.  the pistons have been on a roll.  tempting are those 7 1/2 points being offered against philly.

recommended _XAU.X Short on Nov 2 2001 when it was trading at 54 1/2. Since then it's gone down 8.28% to 50 1/8.

kensey

See the annotated graph of this recommendation at:

http://clearstation.etrade.com/cgi-bin/bbs?Cmd=post&post_id=2717649
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Recommend emails are a powerful way to get investment tips as they happen
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Ada Takahashi asked me to send you the attached images.
She will be back in the gallery on Wednesday, May 16.

Sincerely,
Mai Okita

Edward Burtynsky
Chromogenic Prints

Rock of Ages #7, Active Section, Wells-Larson Quarry, Barre, VT
1991
40 x 50 in.
$5500

Rock of Ages #24, Abandoned Section,  Rock of Ages Quarry,
Barre, VT
1991
40 x 50 in.
$4300

 - Rock_#07.jpg
 - Rock_#24.jpg
--
Robert Koch Gallery
49 Geary Street
San Francisco, CA 94108
tel: 415.421.0122
fax: 415.421.6306
mailto:mai@kochgallery.com
http://www.kochgallery.com


Shapiro Haber & Urmy Files Class Action on Behalf of Purchasers of Enron Corporation Stock (NYSE: ENE) in The Period From July 13, 2001 Through October 16, 2001

10/22/2001
PR Newswire
(Copyright (c) 2001, PR Newswire)

BOSTON, Oct. 22 /PRNewswire/ -- The law firm of Shapiro Haber & Urmy LLP has filed a class action suit alleging securities fraud in the United States District Court for the Southern District of Texas (Houston Division), 515 Rusk Ave., Houston, Texas 77002, against Enron Corporation ("Enron") (NYSE: ENE) and certain of its officers and directors.
The case was filed on behalf of all purchasers of the common stock of Enron during the period from July 13, 2001 through October 16, 2001, inclusive (the "Class Period").
The complaint alleges that the defendants violated section 10(b) of the Securities Exchange Act of 1934 ("the Exchange Act"), and Rule 10b-5 promulgated thereunder, and that defendants' wrongful conduct artificially inflated the price of Enron common stock during the Class Period. The complaint charges that the defendants misrepresented and concealed material facts concerning the Company's financial transactions with two partnerships established by Enron's Chief Financial Officer, which resulted in substantial losses to Enron and a reduction in shareholders' equity of over $1 billion. The price of Enron's common stock plummeted over 20% in just three trading days following disclosure of the financial losses resulting from Enron's dealings with these partnerships.
Plaintiff seeks to recover damages suffered by class members and is represented by the law firm of Shapiro Haber & Urmy LLP, which has successfully prosecuted numerous securities class actions on behalf of defrauded investors. More information about the firm and its qualifications is available on the firm's website at www.shulaw.com.
If you are a member of the class described above, you may wish to join the action. You may move the court to serve as a lead plaintiff no later than December 21, 2001.
If you would like a copy of the complaint, would like to discuss joining this action as a lead plaintiff, or would like to inform us that you are a member of the proposed class, please contact Thomas G. Shapiro, Esq. or Liz Hutton, paralegal, Shapiro Haber & Urmy LLP, 75 State Street, Boston, MA 02109, (800) 287-8119, fax at (617) 439-0134, or e-mail at cases@shulaw.com.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X66791593

/CONTACT: Thomas G. Shapiro, Esq. or Liz Hutton, paralegal, Shapiro Haber & Urmy LLP, +1-800-287-8119, cases@shulaw.com/ 16:54 EDT
Copyright ? 2000 Dow Jones & Company, Inc. All Rights Reserved.


FYI...........
---------------------- Forwarded by Jeffrey C Gossett/HOU/ECT on 05/07/2001 07:49 AM ---------------------------
From:	Mechelle Atwood/ENRON@enronXgate on 05/04/2001 03:24 PM
To:	Robert L Hall/ENRON@enronXgate, Jeffrey C Gossett/HOU/ECT@ECT, Bryce Baxter/HOU/ECT@ECT
cc:	Wes Colwell/ENRON@enronXgate, "john.j.boudreaux@andersen.com" <'john.j.boudreaux@andersen.com'>@SMTP@enronXgate, "kate.e.agnew@us.andersen.com" <'kate.e.agnew@us.andersen.com'>@SMTP@enronXgate, Nicole Mendez/ENRON@enronXgate
Subject:	Gas Trading Audit Notification

The Gas Trading Audit is scheduled to begin May 11, 2001 and is expected to take approximately two to three months to complete.  The audit will be executed by Arthur Andersen and led by Kate Agnew.

We will schedule an opening meeting with you the week of May 7, 2001 to discuss audit scope and any concerns or suggestions you may have.

The objective of the audit will be to determine whether procedures and controls exercised over activities are adequate and operating effectively.

Results of the audit will be discussed with you and other appropriate personnel both during the audit and at the audit closing meeting.

We will endeavor to conduct this audit in a manner that will minimize interruption of your normal business activities and we look forward to working with you and your personnel. Please call me at x5-4554 if have any questions.

Mechelle Atwood
Director, Enron Assurance Services
Enron Wholesale Services
713.345.4554; Location:  EB2383
Mechelle.Atwood@enron.com


---------------------- Forwarded by Terence H Thorn/ENRON_DEVELOPMENT on
01/29/2000 01:08 PM ---------------------------

	Enron International

	From:  John Hardy                           01/19/2000 01:00 PM

Sent by: Helen Rizzo
To: Terence H Thorn/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Steven J Kean@EES

Subject: MAJOR ACTIVITIES AS OF 1/14/00

Attached are major activities for the Washington Finance/Project Support
Office as of January 14, 2000.


Cool.


Hey!  Sorry for not chatting with you on Friday - it was crazy busy here to
say the least.  We are having department meetings today so if I find out
anything interesting, I'll let you know.  I'm not sure what this entails
just yet but I think, together, these companies will do great things.  I'm
excited to say we're co-workers!!!

I went back to the Homecoming game this weekend and I had a blast!  Do you
go back to any games much?

Hope you're having a great day.  I'll talk to you soon.

Jess

                    "Taylor, Michael
                    E"                        To:     <Jessica.L.Bishop@dynegy.com>
                    <Michael.E.Taylor@        cc:
                    enron.com>                Subject:     co-worker

                    11/12/01 08:00 AM

Jessica,

Well, it looks like we may be co-workers.  I am under the coal and
emissions umbrella over hear which is a pretty good group.  I guess we
will have it wait and see how things fold out.

Let's stay in touch over this process.  I saw Patrick this weekend at
Woodrow's.

Let me know what's up.

Mike

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


As you all are probably already aware, I am not the "math-genius" of the
Texas Desk.  I meant to say that the combined total for both of the kids is
$250, not $350.  The cost for each of us will, of course, stay the same.

Ooops.
Laura

---------------------- Forwarded by Laura Harder/Corp/Enron on 11/17/2000
08:02 AM ---------------------------

Laura Harder
11/16/2000 11:33 AM
To: Thomas A Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, James
McKay/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, Elsa Villarreal/HOU/ECT@ECT,
Daren J Farmer/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT,
Gary W Lamphier/HOU/ECT@ECT, Danny Conner/NA/Enron@Enron, Janet H
Wallis/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT,
Liz Bellamy/NA/Enron@Enron, Edward D Gottlob/HOU/ECT@ECT
cc:

Subject: Enron Kids

I've adopted two children for the Enron Kids Program ..

Cortesia Taylor, Kindergarden
Jameka McCoy, PreK

The total cost for both children combined is guesstimated to be $350.  If all
of us contribute, that will be only $15 per person.  I'll be taking
collections this week and next if anyone is interested.

Thanks,
Laura


Lorna,
Sources close to Kern River confirmed with me just yesterday that the
original expansion (124,500 MMBtu/d) is being contracted principally by one
party, PG&E National Energy Group, for their La Paloma Power Project outside
of Bakersfield, California.  I'm assuming that additional support for a 2nd
KRGT expansion will come from other developers interested in securing gas
supply.

It's important to remember the economics here --- Kern River's pipeline
originates in Wyoming (Rockies gas) and delivers directly into Southern
California.  Their gas generally clears the market at the Southern California
Border index.  Consequently, there is no stacking of rates as would be the
case if TW or EPNG attempted to deliver their gas through Mojave to the same
markets.  I've attached the recent press release regarding the La Paloma
project for your information...

PG&E CORPORATION UNIT BEGINS CONSTRUCTION OF
CALIFORNIA'S LARGEST +GREENFIELD, MERCHANT POWER PLANT
La Paloma Facility Will Fill a Critical Need for New Electricity Supplies in
California

San Francisco ) Welcoming the opportunity to provide competitive electricity
to meet the growing electricity needs of California, PG&E Corporation
(NYSE:PCG) announced today that its National Energy Group has begun
construction on the La Paloma Generating Plant. La Paloma is a 1,048-megawatt
, natural gas-fueled combined-cycle facility. The plant is expected to begin
operating in the summer of 2001.  PG&E National Energy Group President & CEO
Tom Boren said, "The construction of the La Paloma facility is an important
step in meeting the growing demand for electricity in the state. We welcome
the opportunity to further the growth of customer choice in California's
evolving competitive power market."

The California Independent System Operator (ISO), a non-profit public benefit
corporation responsible for maintaining transmission reliability and ensuring
adequate electricity supplies, hailed La Paloma as a welcome addition. "As
North America,s only regional transmission operator relying on competitive
market forces to maintain the critical balance between electricity supply and
demand for California,s 27 million electric customers, the California ISO is
very pleased that PG&E,s National Energy Group has stepped forward with the
La Paloma facility to fill an essential consumer need," said Cal ISO
President & CEO Terry Winter. "This investment shows that the market is
responding to the growing demand for electricity."
"As a highly efficient plant from both an energy and environmental
standpoint, California consumers will benefit," added PG&E Corp.'s Boren.
"The La Paloma Generating Plant provides highly competitive costs with a
minimum of energy consumption and environmental impacts."

The La Paloma plant site is approximately 40 miles west of Bakersfield,
Calif. in western Kern County on an industrial site previously used for oil
production. When completed, it will be the state,s largest facility designed
from the ground up exclusively as a merchant power plant. A merchant plant
sells its electrical output to wholesale customers in a regional competitive
bulk power market. Those wholesale customers, which include traditional
utilities, municipal utility districts, retail energy services companies,
wholesale power marketers, and electric cooperatives, in turn arrange to have
the electricity delivered to retail consumers.

The La Paloma development team has selected ABB ALSTOM POWER Inc. as the
turnkey contractor for the project. ABB ALSTOM POWER is responsible for the
design and engineering work, the procurement of equipment and management of
sub-contractors, and the actual construction of the facility. The La Paloma
Generating Project received its California Energy Commission approval in
October 1999, and the financing package for the project is being completed
now.

"The rigorous permitting process really laid the ground for an outstanding
construction program," said Roger Garratt, project development manager for
PG&E Corporation,s generating unit. "We look forward to making a major
contribution to the Kern County economy in a manner that is completely
compatible with the area's sensitive ecosystem." Garratt noted the project's
plan to permanently set aside conservation land as part of its environmental
mitigation program.

Market Intelligence - Enron Transportation Services
From: Lorna Brennan on 11/29/2000 09:49 AM
To: Courtney Barker/ET&S/Enron@Enron, John Goodpasture/OTS/Enron@ENRON,
Michael Ratner/OTS/Enron@Enron, Sebastian Corbacho/ET&S/Enron@Enron, Yuan
Tian/ET&S/Enron@ENRON, Mike McGowan/ET&S/Enron@ENRON, Rockey
Storie/ET&S/Enron@ENRON, Kent Miller/ET&S/Enron@ENRON, John
Dushinske/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Bill
Fowler/ET&S/Enron@Enron, Steven Harris/ET&S/Enron@ENRON, Jeffery
Fawcett/ET&S/Enron@ENRON, Lorraine Lindberg/ET&S/Enron@ENRON, Kevin
Hyatt/ET&S/Enron@Enron, Christine Stokes/ET&S/Enron@ENRON, TK
Lohman/ET&S/Enron@ENRON, Michelle Lokay/ET&S/Enron@Enron, Lindy
Donoho/ET&S/Enron@ENRON, Lee Huber/ET&S/Enron@ENRON, Susan
Scott/ET&S/Enron@ENRON
cc:
Subject: Kern River to Do Another Open Season

Open Season Expected for Kern River Capacity

After the recent successful completion of an open season on an added 124,5000
Dth/d of firm transportation capacity into California along its 922-mile
interstate pipeline, Williams' subsidiary Kern River Gas Transmission will
announce another open season this week, perhaps as early as today for
additional new capacity on the pipeline carrying Rocky Mountain supplies from
southwest Wyoming, a Salt Lake City-based Kern River spokesperson said
Tuesday.

Although the spokesperson indicated the current 700 MMcf/d-capacity pipeline
is running full these days, Kern River has no plans to re-open its previous
proposals to build transmission laterals within California, heading north and
south into major industrial areas of the state. The growing supplies, which
are expected to come into the state to fuel the accelerating demand for new
natural gas-fired electric generation plants, will be fulfilled by adding
compression and looping, the spokesperson said.

Kern River is planning on bringing "a lot more volumes" into California in
the years ahead, said the spokesperson, noting that the recent capacity
expansion will be made possible by an $80 million project to add three new
compressor stations, additional compression at an existing Wyoming station,
restage a compressor in Utah and upgrade two meter stations. The new open
season is expected to run for two months through the end of January for
marketers, merchant generators, large industrial plants and utilities along
the pipeline route in Utah, Nevada and California, all of which have been
experiencing tremendous energy load growth. The bulk of the interest is still
expected to come from California, the spokesperson said.


Just found out that we have acces to 15,000 of Aritech's capacity on TCO for
Apr & May, for $0.01, primary COH 3-15. Can we replace capacity ENA bought for
4/1 and would there be any cost?


Jeff, hopefully we can convince you to come when we re-schedule - seemed like
an easy call.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 12/06/2000
03:59 PM ---------------------------

David W Delainey
12/06/2000 01:18 PM
Sent by: Kay Chapman
To: david.w.delainey@enron.com, lavorato@enron.com, tim.belden@enron.com,
derek.davies@enron.com, stephen.douglas@enron.com,
hunter.s.shively@enron.com, laura.luce@enron.com, michael.l.miller@enron.com,
thomas.a.martin@enron.com, john.zufferli@enron.com, Scott.tholan@enron.com,
wdavid.duran@enron.com, rob.milnthorpe@enron.com, c.john.thompson@enron.com,
scott.josey@enron.com, paul.devries@enron.com, scott.neal@enron.com,
jean.mrha@enron.com, david.oxley@enron.com, mark.e.haedicke@enron.com,
joseph.deffner@enron.com, sally.beck@enron.com, beth.perlman@enron.com,
wes.colwell@enron.com, mike.swerzbin@enron.com, bruce.sukaly@enron.com,
doug.gilbert-smith@enron.com, eric.ledain@enron.com, ozzie.pagan@enron.com,
rogers.herndon@enron.com, dana.davis@enron.com, jonathan.mckay@enron.com,
mark.frevert@enron.com, barry.tycholiz@enron.com, chris.h.foster@enron.com,
eric.thode@enron.com, brian.redmond@enron.com, kevin.presto@enron.com,
fletcher.sturm@enron.com, edward.baughman@enron.com, gwolfe@enron.com,
pallen@enron.com, flagrasta@enron.com, christopher.f.calger@enron.com,
frank.w.vickers@enron.com, jake.thomas@enron.com, jeff.donahue@enron.com,
jsteffes@enron.com, max.yzaguirre@enron.com, Janet R Dietrich/HOU/ECT@ECT,
John Arnold/HOU/ECT@ECT, Jeffery Ader/HOU/ECT@ECT, Greg Whalley/HOU/ECT@ECT,
Joe Kishkill/SA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron, Orlando
Gonzalez/SA/Enron@Enron, Remi Collonges/SA/Enron@Enron
cc: Kay Chapman/HOU/ECT@ECT, Kimberly Hillis/HOU/ECT@ect, Angela
McCulloch/CAL/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Monica
Butler/Corp/Enron@Enron, Paula Forsyth/Corp/Enron@ENRON, Lynn
Pikofsky/Corp/Enron@ENRON, Anabel Gutierrez/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Tamara Jae Black/HOU/ECT@ECT, Sharon
Purswell/HOU/ECT@ECT, Tina Rode/HOU/ECT@ECT, Debra Davidson/PDX/ECT@ECT,
Tonai Lehr/Corp/Enron@ENRON, Lindsey Huculiak/TOR/ECT@ECT, Kimberly
Brown/HOU/ECT@ECT, Melissa Jones/NA/Enron@ENRON, Kay Chapman/HOU/ECT@ECT,
Janette Elbertson/HOU/ECT@ECT, Amy Rios/HOU/ECT@ECT, Patti
Thompson/HOU/ECT@ECT, Cherylene R Westbrook/HOU/ECT@ECT, Shirley
Tijerina/Corp/Enron@ENRON, Stephanie Gardner/HOU/ECT@ECT, Christy
Chapman/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Michelle Vitrella/HOU/ECT@ECT,
Lillian Carroll/HOU/ECT@ECT, Becky Young/NA/Enron@Enron, Debra
Davidson/PDX/ECT@ECT, Marsha Schiller/HOU/ECT@ECT, Marcia A
Linton/NA/Enron@Enron, Claudette Harvey/HOU/ECT@ect, Crystal
Blair/HOU/ECT@ECT, Liz M Taylor/HOU/ECT@ECT, Marianne M Arake/SA/Enron@Enron,
Luly Stephens/NA/Enron@Enron
Subject: ENA 2000 Offsite

Given the current tremendous energy market volatility and as we stretch
resources to make our commercial goals for 2000, we think it would be
appropriate to postpone the ENA 2000 Offsite to early next year.  I trust
this meets with your approval and thanks for all the hard work.

Regards
Dave and John


FYI
---------------------- Forwarded by Richard Shapiro/NA/Enron on 04/27/2001
01:07 PM ---------------------------

"Jackie Gallagher" <JGallagher@epsa.org> on 04/27/2001 11:59:30 AM
To: <bhawkin@enron.com>, <bmerola@enron.com>, <christi.l.nicolay@enron.com>,
<donna.fulton@enron.com>, <janelle.scheuer@enron.com>,
<jeff_brown@enron.com>, <jhartso@enron.com>, <jsteffe@enron.com>,
<ray.alvarez@enron.com>, <rshapiro@enron.com>, <sarah.novosel@enron.com>,
<tom.hoatson@enron.com>
cc:

Subject: California Order Proxy Price Calculation

MEMORANDUM

TO: Regulatory Affairs Committee
       Power Marketers Working Group

FROM: Joe Hartsoe, Regulatory Affairs Committee Chair
            Bob Reilley, Power Marketers Working Group Chair
            Julie Simon, Vice President of Policy
            Mark Bennett, Senior Manager of Policy
            Erin Perrigo, Manager of Policy

DATE: April 27, 2001

RE: California Order Proxy Price Calculation

We have had an initial opportunity to review FERC's Order Establishing
Prospective Mitigation and Monitoring Plan for the California Wholesale
Electric Markets and Establishing an Investigation of Public Utility Rates in
Wholesale Western Energy Markets, and will provide a more detailed summary
early next week.

However, questions have arisen as to the calculation of the proxy price when
a stage 1, 2 or 3 emergency is called.  In initial discussions with FERC
staff, we have determined that the price mitigation will work as follows:

For the following day, the ISO will publish at 8 a.m. an average of the daily
prices published in Gas Daily for all California delivery points, as well as
emissions costs.  The emissions costs will be calculated by the ISO using the
Cantor Fitzgerald Environmental Brokerage Service.  The marginal unit will
then be determined via the single price auction in the hour, and the ISO will
then take the previously submitted and confidential heat rate data and
multiply it by the posted average gas price and emissions costs for that hour
to determine the market clearing price.  The ISO will not be calculating an
estimated market-clearing price in advance.


The attached Q&A and release incorporates comments from the int'l business
units, legal and HR.  Would you please review once more before routing to
Ken, Jeff and Joe.  Mark, do you want to send it under your cover?

Thanks!
kd


PRIVILEGED AND CONFIDENTIAL  ATTORNEY CLIENT COMMUNICATION

KBC is apparently having trouble syndicating the Cornhusker deal and one of
the potential syndicees, Deutsche Bank, didn't like the way our deal was
structured thinking it wasn't as good a deal for the banks as a different
Enron deal they were in.  I think at least some of us have talked about this
before and I am reluctant, given the posture of Brazos at the current moment
to do even de minimis or seemingly non- controversial or harmless changes to
the documents because I don't know how it might be construed or twisted
against us in  a litigation scenario..having said that, I think this one does
two things..it gives DB a right to step in and act onits own behalf if Enron
doesn't pay...this seems to me to be a clear change from a hardly maintained
position that we wanted to deal with one entity, not a dozen and in my view
is a change in the deal, but I guess is your call..the second change (I
think) adds some ability on the part of the banks to involve ponderosa in
remedial actions if there is non-payment...this seems to me to have the
advantage of reinforcing Ponderosa's status as an owner, but may not reflect
our deal with Ponderosa and to some extent is inconsistent with the Mantra we
have consistently had of Enron's credit being the credit which was being
bought...I note that I have made these observations from my memory of what
the docs say and request Lebouef to confirm my analysis or correct it...at
any rate if my analysis is correct I vote no, but I think we probably need a
group discussion early next week as they want to finalize the assignments on
Tuesday...Lebouef will be sending a separate memo about some other issues
that have been raised by the proposed assignments...it seems to me that our
original deal is being steadily chipped away and I really worry about it in
light of the strained relations with Brazos
----- Forwarded by Dan Lyons/HOU/ECT on 10/27/2000 03:01 PM -----

	marcus.tarkington@db.com
	10/27/2000 01:55 PM

		 To: brian.kerrigan@enron.com, Sarah.Heineman@enron.com, dan.lyons@enron.com
		 cc:
		 Subject: Enron/Ponderosa: Proposed Langauge

Brian, as we discussed attached is the proposed language
to be added to the Assignment Agreement to address the DB policy issue.
Also, the language will facilitate the loan saleability and therefore
included in the Assignment
Agreement when we sell the loan.  As indicated in the note our counsel is
reviewing the
Assignment Agreement which we just recently received from Mayer, Brown.

After  you and your counsel have reviewed the language below please give me a
call.
212 250-7684
Thanks
---------------------- Forwarded by Marcus Tarkington on 10/27/2000 02:45 PM
---------------------------

Margaret M Ross@DBNA
10/27/2000 03:17 PM

To:   Marcus Tarkington@Bankers_Trust
cc:
Subject:  Enron/Ponderosa: Proposed Langauge

Set forth below for your consideration is proposed language relating to the
right of independent action that we have been discussing.  This language
would appear at the end of the draft Assignment Agreement as a final
provision to the Miscellaneous section.  Please note that I have not had the
opportunity to review the assignment and, as a result, the language set forth
below remains subject to our review of this proposed agreement:

          (n)  Notwithstanding anything else provided herein or in any Loan
Document or the Swap Agreement, the parties hereto acknoledge and agree
that:  (i) the term "Party B" (as such term is used in Section 13(b) of the
Swap Agreement) shall mean and be a reference to (A) the Agent, and/or (B) in
the case of any controversy, dispute or claim arising out of or relating to
any failure by Enron Corp. to make, when due, any payment specified under
Section 5(a)(i) of the Swap Agreement in accordance with the terms thereof,
any Lender; and (ii) the term "party" or "parties" (as such term is used in
Section 13(b) of the Swap Agreement), in the case of any Dispute referred to
in clause (i)(B) above, shall include any such Lender.

Margaret Ross


Thank you for the coupon.  Unfortunately the link in the e-mail is not
working, so I can't get to the part of the website to print off the coupon.
Could you resend this e-mail to me please.

Thank you,

Errol McLaughlin
713-345-8274, 713-528-1997

Rebecca Wheeler <RWheeler@bubblescarwash.com> on 04/12/2001 06:12:47 PM
To: "'errol.mclaughlin@enron.com'" <errol.mclaughlin@enron.com>
cc:

Subject: XVK03C -An Easter treat for you Mr. McLaughlin and your 97 Audi A 4

Dear Mr. McLaughlin,

April is a "hopping" month here at Bubbles! Not only do we have a great
Easter special for you this month, but we also have a great way for YOU to
help the March of Dimes! Just take a look:

****************************************************************************
******************
First, Bubbles Car Wash, Inc. is pleased to announce their participation in
the 2001 March of Dimes WalkAmerica Campaign.  Many Bubbles employees have
volunteered their time and effort to help raise funds for this worthy cause
and participate in WalkAmerica on Sunday April 29, 2001.

In an effort to assist this years "Clean Team" , Bill and Kathy Lawrence
have generously offered to donate $3.00 of every Ultimate Car Wash Package
($29.95) purchased the week of April 14th  - April 21st to the Bubbles Car
Wash "Clean Team". To participate, please print and bring in the Helping
Bubbles Help Babies certificate available at the link below.

****************************************************************************
*******************
Then we have our Extreme Clean package! Featuring some of our most popular a
la carte services combined to bring you a great new package designed to make
your Audi A4 look great in no time!  Your Easter Extreme Clean includes A
Bubbles Hand Wash, Wheel Magic & Tire Dressing, Interior Doors & Dash
Dressing & Complete Exterior Dressing all for only $24.95! That's over a 30%
savings off the individual prices! Just print out the certificate and bring
it to any Bubbles Location April 14th - April 21st, 2001. Even the Easter
Bunny can't beat that deal!

****************************************************************************
********************
To pick up either certificate, just visit:

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You are welcome to print several certificates to give to family and friends!

****************************************************************************
*********************
Do you know someone that might enjoy receiving Bubbles Email specials? Send
their Name and E-mail address to: mailto:Rwheeler@BubblesCarWash.com

****************************************************************************
*********************
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****************************************************************************
*********************
Don't forget to visit the Bubbles Web Site at www.BubblesCarWash.com


---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on
04/13/2000 09:32 AM ---------------------------

Raymond Yeow
04/13/2000 09:15 AM
To: Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney@ECT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Contact Details & Re: About to trade Weather on Thursday

Dear Heidi,

Paul Quilkey  is at Allen Center x 67939 c/o Ann Brown & Hyatt Room 2616
Christian & I are at EB level 32, you can call us on x 33238 c/o  Lucy Ortiz.
I am Hyatt room 2726.

thx very much to David & Heidi for the prompt reply,
looking like have  ENA transact with say SG usa,
then for the portion of Sydney risk, En Aust transacts with ENA
for same % of premium & risk.

Thx,  Raymond  12 april

Heidi Mason
04/13/2000 08:35 AM
To: Raymond Yeow/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney@ECT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: Re: About to trade Weather on Thursday

Raymond

I am meeting with Susan Musch (APACHI's tax expert) and we will get back to
you on the tax issues. Immediately I can tell you that back to back deals
(with no spread) will not work. This raises transfer pricing issues. If the
deal is SocGen on Melbourne temperatures, why is the counterparty not SocGen
Aust? Is the deal pure trading, or is it being done to hedge a real exposure
for Soc Gen. If the deal is being treated in any way as 'insurance' there can
be issues with the cross border nature.

I am in 2014 in 3AC if you are around and want to chat about it tonight.

Heidi

Raymond Yeow
13/04/2000 08:24
To: David Minns/ENRON_DEVELOPMENT
cc: Paul Quilkey/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Tawney@ECT, Heidi
Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Allan
Ford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Paul
Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: About to trade Weather on Thursday

Dear David,

We are about to do a weather trade with SocGen or Aquila on Melbourne
temperature
Expected trade date is Thursday - 13 April.
Steven Vu, Head Weather trader in Houston will transact with above thru a
broker in US.

Premium approx 700k AUD.

What is the best way in terms of regulations and tax - assume limits in place
!
Houston is to take a  portion of the deal too.

(a) ENA trades with SG USA, then back to back transact between ENA & En Aust ?

(b) ENA trades with SG USA, then gives p&L to  En Aust ?
can this P&L be real income or shadow only ?

(c) En Aust trades with SG Usa ( thru Oz arm of US broker or thru US broker)

or any other suggestions ???

Pls revert :o)
Thx,  Raymond
12 April


Today is a big day for ENRON!  This morning, we are rolling out the next step
toward empowering our most valuable resource -- you.  As of this morning,
most of you have access to the new eHRonline intranet site.

The new eHRonline functionality (a feature of the SAP implementation) is very
easy to use and is accessible through the Enron intranet (at
http://ehronline.enron.com).  Using eHRonline, not only can you enter your
own time, but also maintain your profile, and update personal data, including
home address, phone numbers, W-4 changes and emergency contact information.
Additionally, you will be able to view your individual pay advice and benefit
elections.

Remember the deadline for time entry is 3:00 pm CST, on June 30th -- all time
must be submitted and ready for payroll processing.  Because this is the
first period using SAP to record time, please work closely with your
timekeeper to ensure the deadline is met. By now, you should have received a
note from your timekeeper.  However, if you have not and are unsure who your
timekeeper is, please call the Site Manager for your Business Unit.  Their
names and numbers are listed below.

Because of the size of this rollout, we have to expect a few "bumps in the
road."  So, we,re asking you to be patient and work with us over the next few
weeks.  If you have questions, are experiencing problems, or would like more
information, please contact the Center of Expertise (COE).

Center of Expertise (COE)
The Center of Expertise can help answer many of your questions and provide
you with assistance if you are experiencing problems.  The COE is available
24 hours a day from Monday at 7:00 am CST through Friday at 7:00 pm CST.  You
can contact the COE:
Via phone at (713) 345-4SAP (4727)
COE website:  sap.enron.com (contains job aids, instructional materials,
forms and policies)
Via Lotus Notes at SAP COE/Corp/Enron
Via internet email at sap.coe@enron.com

BU Site Managers
Enron North America
 Cindy Morrow, (713) 853-5128
 Yvonne Laing, (713) 853-9326
Global Products
 Shelly Stubbs, (713) 853-5081
 Yvonne Laing, (713) 853-9326
Global Finance
 Jill Erwin, (713) 853-7099
 Yvonne Laing, (713) 853-9326
Gas Pipeline Group
 Michael Sullivan, (713) 853-3531
 Greg Lewis, (713) 853-5967
 Diane Eckels, (713) 853-7568
Global E&P
 Diane Eckels, (713) 853-7568
Enron Energy Services
 Bobby Mahendra, (713) 345-8467
 Daler Wade, (713) 853-5585
Corporate
 Todd Peikert, (713) 853-5243
Enron Renewable Energy Corp
 Joe Franz, (713) 345-5936
 Daler Wade, (713) 853-5585
Enron Investment Partners
 Yvonne Laing, (713) 853-9326

Job Aids and Reference Guides
Finally, the Apollo & Beyond training team has developed several useful
reference guides that you can access via the SAP website at sap.enron.com

Also, a brochure will be delivered to your mailstop today.  This brochure
provides step by step instructions on how you can use eHRonline to view and
update your personal information.


Brant Reves/ENRON@enronXgate
	05/29/2001 05:31 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc: Sylvia S Pollan/ENRON@enronXgate
		 Subject: RE: EnergyOne

Do you have a redline version of our initial contract to them?  I never saw
my comments included in a draft...

thanks
brant

 -----Original Message-----
From:  Hyvl, Dan
Sent: Monday, May 21, 2001 9:59 AM
To: Reves, Brant
Cc: Pollan, Sylvia S.
Subject: EnergyOne

Brant,
 EnergyOne has responded to the requested changes.  They agree to the
revision of the MAC language but threw in a money wrench by adding a warm and
fuzzy triggering event  if a party refused to provide security within 48
hours of a reasonable request therefore.  No standard is provided as to the
reason for the request.    They also deleted the original Collateral
Threshold language which was in their first draft.  Please respond to these
matters to me and to Sylvia Pollan.
----- Forwarded by Dan J Hyvl/HOU/ECT on 05/21/2001 09:47 AM -----

	Dan J Hyvl 05/21/2001 08:59 AM 	   To: Sylvia S Pollan/Enron@EnronXGate  cc:
Subject: EnergyOne

Attached is a memo of the major items in their comments to our requested
changes.  Let me know when you are ready to discuss.

 << File: 2001-035memo.doc >>


What do you think?  Is this worth my or someone else's time?
m
---------------------- Forwarded by Mike McConnell/HOU/ECT on 11/30/2000
01:27 AM ---------------------------

"Wright, April" <awright@ceri.ca> on 11/29/2000 03:28:09 PM
To: mike.mcconnell@enron.com
cc: cathy.phillips@enron.com
Subject: Petrochemical Conference

June 10, 11 ,12 the Canadian Energy Research Institute will host a
petrochemical industry conference in a mountain resort 60 miles from Calgary.
Our steering committee (Dow Nova, Williams, Shell chemicals, Canadian Pacific
Railway, BP) has suggested that we ask you to address delegates on Enron's
leadership role in e-business. I am making initial contact to explore this
possibility, and to ask if is possible for you to recommend an alternative
person within Enron, as I have lately learned you have changed positions.
This is a high level conference for industry decision makers, which will give
you an idea for this presentation: not necessarily the IT approach, more of a
business strategy approach. I look forward to hearing from? you.

Best Regards.
April Wright


yes


A similar article appeared in today's Sacramento Bee.  It's in the clips
Miyung circulated.
----- Original Message -----
From: <Karen.Denne@enron.com>
To: <Kenneth.Lay@enron.com>; <Jeff.Skilling@enron.com>;
<Jeff.Dasovich@enron.com>; <Susan.J.Mara@enron.com>;
<Alan.Comnes@enron.com>; <Richard.Shapiro@enron.com>;
<James.D.Steffes@enron.com>; <Harry.Kingerski@enron.com>;
<ken@kdscommunications.com>; <Elizabeth.Tilney@enron.com>;
<Paula.Rieker@enron.com>; <Mark.Koenig@enron.com>; <David.Leboe@enron.com>;
<Janel.Guerrero@enron.com>; <Paul.Kaufman@enron.com>; <bhansen@enron.com>;
<Leslie.Lawner@enron.com>; <hgovenar@govadv.com>; <sgovenar@govadv.com>;
<Robert.Frank@enron.com>; <jdietri@enron.com>; <John.J.Lavorato@enron.com>;
<Greg.Whalley@enron.com>; <ddelain2@enron.com>; <Steven.J.Kean@enron.com>
Cc: <Mark.Palmer@enron.com>
Sent: Tuesday, July 10, 2001 6:52 AM
Subject: LA Times Article

This is the Los Angeles Times article Mark has been working on...

California; Metro Desk
Electricity Cost Data Spread the Blame Power: Many suppliers charged more
than the firms that Davis has pilloried, records show.
RICH CONNELL; ROBERT J. LOPEZ; DOUG SMITH
TIMES STAFF WRITERS

07/10/2001
Los Angeles Times
Home Edition
B-1
Copyright 2001 / The Times Mirror Company

SACRAMENTO -- California's energy meltdown involves a far more diverse
group of wholesale electricity merchants than suggested by Gov. Gray Davis,
who has aggressively blamed a handful of Texas companies, state records
show.

During the first three months of this year--one of the worst stretches of
power shortages during the crisis--an assortment of public and private
entities charged the state prices averaging well above some of those paid
to Texas firms, according to documents released to The Times on Monday by
the Department of Water Resources, which now buys power for California.

Among those setting and collecting some of the highest average prices per
megawatt-hour were a Canadian public utility, a subsidiary of San Diego Gas
& Electric's parent company, and the Los Angeles Department of Water and
Power, the report shows. Their average prices ranged from $498 a
megawatt-hour charged by Powerex, the trading arm of British Columbia's BC
Hydro, to $292 an hour by the DWP.

In fact, some of the biggest private power companies singled out for
criticism by Davis and other state officials--Dynegy Inc., Duke Energy and
Mirant--charged less than the average prices the state paid for the period.
Those companies' average prices ranged from $146 to $240 per megawatt-hour,
according to an analysis of the documents.

The figures cover the various types of spot and longer-term power purchased
by the state during three months that included rolling blackouts and more
than a month of razor-thin reserves, leading to continuous power
emergencies.

Davis spokesman Steve Maviglio said the governor has directed his sharpest
barbs at private out-of-state generators because, in general, they have
reaped the highest profits over the longest period.

"You have to look at the whole picture," Maviglio said.

"The governor was expressing his displeasure with the arrogance of the
generators who wear cowboy hats," he said. "Their profits were 100% to 400%
above last year. . . . Just because there are other entities who are
charging us more [per megawatt-hour] doesn't change the fact that we are
getting ripped off by companies from Houston, Tulsa, Atlanta or Charlotte."

The report by the Department of Water Resources was provided to The Times
on the same day the state released 1,700 pages of documents on California's
electricity purchases on the volatile spot market for the year's first
quarter.

The records detail how the state spent nearly $8 billion buying power in
the first five months of the year, and underscore the complexity of the
state's energy problem. They also show that patterns of high prices are not
limited to a few generators.

Oscar Hidalgo, a spokesman for the water resources agency, said that the
reports together show that prices were extremely volatile early in the
year. "All the prices were high," he said, noting the downward trend in
costs since his agency began buying power in mid-January.

The average price per megawatt-hour for all state purchases went from $316
in January to $243 in May. Spot prices fell from an average of $321 per
hour to $271, the reports show.

In the first quarter of the year, some public entities' prices far exceeded
those of the biggest private companies. For example, Houston-based Enron,
one of the nation's biggest power traders, charged an average of $181 per
megawatt-hour. And Atlanta-based Mirant, which sold the most to the state,
a total of $706 million, charged an average of $225 per megawatt-hour.

By contrast, a Calgary, Canada, firm, TransAlta Energy, averaged $335 a
megawatt-hour, and the Sacramento Municipal Utility District had average
charges of $330 per megawatt-hour.

A spokesman for Enron, Mark Palmer, said recently that the "vilification of
Enron was based on politics, not facts." Spokesmen for BC Hydro could not
be reached late Monday to comment on its huge sales to the state. In the
past, the utility has defended its pricing practices, saying it has offered
last-minute hydroelectric power that helped keep California's lights on.

A spokeswoman for Sempra, the parent company of San Diego Gas & Electric,
said late Monday the company was unable to comment because it had yet to
see the figures released by the state. Officials at DWP, who could not be
reached Monday evening, have defended their pricing, saying the costs of
producing the power needed by the state were extremely high.

More Power Bought Than Projected

Hidalgo, of the Department of Water Resources, said his agency's efforts,
coupled with conservation by business and consumers and falling natural gas
prices, have begun to tame the state's market.

Still, the state had to purchase $321 million in power in April and May,
about 10% more than Davis' analysts had projected.

Hidlago said that was because of hot weather in May and other supply
problems in April. He said reports will show that power purchases fell
short of state projections in June and early July.

The reports also will show that prices paid by the state were down in June
and July, partly because spot prices have fallen sharply, often to well
under $100 a megawatt-hour.

A summary Department of Water Resources report released Monday credited
Davis' program of nurturing new power generation and establishing long-term
power contracts with with "moving the California electric energy industry
closer to normalcy."

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


All,

I have looked over the U.S. credit GTC and the long descriptions. I see we
have decided to go with quarterly billing, rather than monthly. Will the
payment/collections cycle cause any heartburn for the back office?

I didn't spot any problems with the long descriptions.

A few relatively minor comments on the GTC's - which you may or may not want
to consider:

- Clause 2.(e) (i) (1) - Does this clause preclude us from doing business
with banks or other financial institutions? Could we append: "with regard to
the Transaction"?

- What happens if a Rep or Warranty is broken? Does that constitute
sufficient breach to terminate the contract? I'm thinking specifically about
sleeving, which is perhaps covered by Clause 2(e)(ii)(1)? I still think that
sleeving is one of the most significant commercial risks faced by online
trading of derivatives. If I were working for a third party, I'd immediately
look for ways to set up a sleeving service to sell credit protection to the
Reference Entities where the Reference Entity or its affiliate views its own
risk differently from Enron. If I were the Reference Entity in question, I'd
consider:
 a) Buying a load of protection via sleeving and then declaring bankruptcy -
then do a Phoenix (in the UK at least)
 b) Buy a load of protection via sleeving, then take the Credit Derivatives
to another third party financial institution and using the credit derivatives
as collateral to increase my line of credit - I'm no expert, but I suspect
there might be an interesting leverage effect here, which might actually
cause a significant increase in Enron's risk exposure.
 c) Like (b), only the financial institution could buy the credit derivative
with or without the need for sleeving - we probably need a restriction on
this? (I know financial institutions are not our preferred counterparts up
front, but if I were a financial insitution, I'd quickly find a way around
this limitation - Affiliates or Sleevers.

-  Do you think it would beneficial to strengthen our protection against
sleeving by adding something to Clause 2, like: "It is not entering into a
Transaction for the purpose of concluding a similar transaction with the
party (or any Affiliate of such party) which is the Reference Entity in the
Transaction".

- Should Def'n of "Contract Currency" be "Contractual Currency"?
("Contractual" is also used in the Long Descriptions)

- Def'n of "Credit Product" - after "Entity", should we insert "which is"?

- Are we being a bit too nasty by defining the Determination Agent as
"Enron"? As the reference to Determination Agent in the contract is in a
context similar to that of an arbitrator, it seems a bit cheeky to then
define ourselves as the arbitrator - would this be enforceable if we were in
court?

I'm assuming the other GTC's are very similar to the U.S. one and I have not
read them.

Dave


Tricia,

I have already spoken to the RIV and Canada Customs. My car was manufactured in Japan and thus would be subject to an import duty of 6.1%, the GST and excise and import costs.

Purchase price = 35000 USD = 54000 CND
Duty on this amount = 3300
GST on this amount = 3800
Excise tax = 180
Permits = 400

Plus costs to convert the speedometer and odometer to the metric system and label all safety systems with french language instructions (from RIV) = approx. 500

That brings us to $8200 CND plus the cost to actually transport it from Houston to Calgary (at least $2000). Total approximately $10000 CND.

Hardly seems like the best option.

Also, I called Williams moving to find out what the cost was to move me down here last year. And the invoice just for the move of my household goods from Calgary to Houston was $4700 USD. Just off the top of my head my out of pocket costs will be:

Movers = $7300 CND (4700 USD)
Flight = $1500 CND
Hotel = $1500 CND
October Rent = $1500 (I have a 1 year lease in Houston that expires at the end of October)

The total of the above is $11 800.

 -----Original Message-----
From: 	Henry, Patricia
Sent:	Wednesday, August 29, 2001 3:34 PM
To:	Dorland, Chris
Cc:	Doucet, Dawn
Subject:	Car Relocation - URGENT
Importance:	High
Sensitivity:	Confidential

Hi Chris.  I have some information for you about how to bring your car into Canada.  You'll have to do a little leg work, but you will get the  answers you're looking for.

First thing... call the Registrar of Imported Vehicles (RIV) here in Canada (1-888-848-8240 toll free U.S. & Canada).    You'll need the make, model, year, and original purchase price of your car.   This agency will tell you if your car is eligible for import and what if any modifications are required.    Costs associated with this can be reimbursed under your relocation package.

Generally you do not have to pay duty on the car if it originates from the U.S.    You'll have to pay 7% GST on the purchase value (less depreciation if you've had the car more than 30 days) converted into CAD$ using the f/x rate on the date of import.  There are some excise taxes for having an air conditioner ($100) or for a vehicle weighing more than 4,425 pounds.  Costs associated with this can be reimbursed under your relocation package.

Once you have an estimate of the costs for bringing your car here please let us know in case your relocation budget needs to be reviewed.

 << File: Importing a Vehicle.pdf >>   This document explains the process in more detail and has an example of the cost calculation.

Talk to you later,

Patricia Henry, CHRP
Enron Canada Human Resources
Tel: (403) 974-6936
Fax: (403) 974-6985
Patricia.Henry@enron.com


55% from storage


I just received the shirts this morning.  They are perfect.  It's a pleasure
doing business with you.


-----Original Message-----
From: Piccillo, Roxanne [mailto:RTP1@pge.com]
Sent: Monday, April 16, 2001 4:05 PM
To: 'jbushee@sablaw.com'; 'kmccrea@sablaw.com'; 'callen@akingump.com';
'jweisgall@aol.com'; 'rogerberliner@bcjlaw.com'; 'rcsstl@cdmnet.com';
'mbrubaker@consultbai.com'; 'anchau@shellus.com';
'keith-sappenfield@reliantenergy.com'; 'jsmollon@newwestenergy.com';
'jlyoung@sempra.com'; 'napedersen@jonesday.com';
'athomas@newenergy.com'; 'kmcspadd@milbank.com';
'hchoy@isd.co.la.ca.us'; 'lgurick@calpx.com';
'douglass@arterhadden.com'; 'randy_britt@mayco.com';
'dmarshall@greggind.com'; 'frank.cooley@sce.com'; 'glwaas@calpx.com';
'uwuaregion5@earthlink.net'; 'fmo@sdcity.sannet.gov';
'jleslie@luce.com'; 'julesan@aol.com'; 'mshames@ucan.org';
'jparrott@sempra.com'; 'kmelville@sempra.com'; 'riald@kindermorgan.com';
'bill.mccallum@ci.fresno.ca.us'; 'btenney@landuselaw.com';
'ronknecht@aol.com'; 'furutanj@efawest.navfac.navy.mil';
'kpoole@adamsbroadwell.com'; 'mdjoseph@adamsbroadwell.com';
'freedman@turn.org'; 'rcosta@turn.org'; 'bfinkelstein@turn.org';
'theresa_mueller@ci.sf.ca.us'; 'jjz@cpuc.ca.gov';
'chrisw@greenlining.org'; 'joseh@lif.org'; 'ek@a-klaw.com';
'jnnc@chevron.com'; 'jlondon@gralegal.com'; 'imoosen@gralegal.com';
'clpearce@duanemorris.com'; 'phanschen@mofo.com';
'tmberliner@duanemorris.com'; 'dpritchard@mofo.com'; 'smoss@hooked.net';
'epoole@adplaw.com'; 'chilen@llgm.com'; 'jsqueri@gmssr.com';
'jbennett@gmssr.com'; 'bloomje@la.whitecase.com'; 'pbray@newpower.com';
'rick.counihan@greenmountain.com'; 'thoulihan@mdbe.com';
'mday@gmssr.com'; 'jmalkin@orrick.com'; 'edwardoneill@dwt.com';
'lindseyhowdowning@dwt.com'; 'jguzman@nossaman.com'; Edwards, William
(Law); 'ssmyers@worldnet.att.net'; Ouborg, Peter (Law);
'pat.williams@dhcmail.com'; 'wbooth@booth-law.com';
'jerryl@abag.ca.gov'; 'mgomez1@bart.gov'; 'askaff@energy-law-group.com';
'pjpowerlaw@aol.com'; 'difellman@energy-law-group.com';
'nryan@environmentaldefense.org'; 'rschmidt@bartlewells.com';
'rrcollins@n-h-i.org'; 'patrickm@crossborderenergy.com';
'tomb@crossborderenergy.com'; 'brbarkovich@earthlink.net';
'pmcdonne@wenet.net'; 'pjmuller@ricochet.net'; 'jbradley@svmg.org';
'tsmegal@calwater.com'; 'sberlin@mccarthylaw.com'; 'bishop@jrwood.com';
'cwrmccv@worldnet.att.net'; 'scottst@mid.org'; 'bill@jbsenergy.com';
'cmkehrein@ems-ca.com'; 'jweil@aglet.org'; 'abb@eslawfirm.com';
'bpowers@seniors.org'; 'dcarroll@dbsr.com'; 'dkk@eslawfirm.com';
'ed@clfp.com'; 'jtachera@energy.state.ca.us'; 'howens@seniors.org';
'sgreenberg@realenergy.com'; 'tknox@klalawfirm.com'; 'smutny@iepa.com';
'lmh@eslawfirm.com'; 'hodgesjl@pacbell.net';
'rpernell@energy.state.ca.us'; 'kmills@cfbf.com'; 'rliebert@cfbf.com';
'aorchar@smud.org'; 'mpa@a-klaw.com'; 'jcpaine@stoel.com';
'mhg@hetrading.com'; 'dws@keywaycorp.com'; 'hbd@gweiss.com';
'gerhordt.herbert@msdw.com'; 'cread@steptoe.com'; 'jogg@jhenergy.com';
'peter_fox-penner@brattle.com'; 'DavoodiKR@efaches.navfac.navy.mil';
'bill.wells@afcesa.af.mil'; 'ad046@detroit.freenet.org';
'bob_anderson@apses.com'; 'gdreed@sidley.com';
'robert.d.schasel@fritolay.com'; 'cyounger@manatt.com';
'dhuard@manatt.com'; 'rkeen@manatt.com'; 'georgeperrault@msn.com';
'picketse@sce.com'; 'jsilva@edisonenterprises.com';
'jherrera@dpw.co.la.ca.us'; 'LVanWagenen@sempra.com';
'jbarthrop@powersavers.com'; 'foothill@lmi.net'; 'fosterbc@sce.com';
'ljhubbard@sempra.com'; 'ktilton@gralegal.com';
'mpatel@brownwoodlaw.com'; 'paul.harris@bridge.com';
'oshirock@pacbell.net'; Slocum, Gail (Law); 'natutt@duanemorris.com';
Migocki, Joe; 'musicamaria@yahoo.com'; 'derkp@newsdata.com';
'luluw@newsdata.com'; 'tom.oneill@abnamro.com'; 'mmattes@nossaman.com';
Peters, Roger (Law); Bowen, Bruce; Pease, Daniel; Lucha, Ed;
Frazier-hampton, Janice; Kjellund, Niels; Helgens, Ronald; Piccillo,
Roxanne; 'alexm@calpine.com'; 'gtbl@dynegy.com'; 'joe.paul@dynegy.com';
'honest@compuserve.com'; 'jyoung@ebmud.com';
'jon.jacobs@paconsulting.com'; 'emitchel@angnewspapers.com';
'jptang@oaklandcityattorney.org'; 'rbw@mrwassoc.com';
'dmarcus@slip.net'; 'jeff@hmhresources.com'; 'ed@apx.com';
'wendy@econinsights.com'; 'chrism@mid.org'; 'fwmonier@tid.org';
'rmccann@cal.net'; 'blaising@braunlegal.com';
'melanie_gillette@rmiinc.com'; 'twetzel@thermoecotek.com';
'Slayman@energy.state.ca.us'; 'swchurchill@juno.com';
'jdh@eslawfirm.com'; 'ddavie@hesinet.com'; 'karen@klindh.com';
'cpeyton@sacbee.com'; 'thaines@smud.org'; 'huse@eesconsulting.com';
'mer@cpuc.ca.gov'; 'awp@cpuc.ca.gov'; 'cmw@cpuc.ca.gov';
'ctd@cpuc.ca.gov'; 'bsl@cpuc.ca.gov'; 'dlf@cpuc.ca.gov';
'fua@cpuc.ca.gov'; 'jlo@cpuc.ca.gov'; 'jsw@cpuc.ca.gov';
'jrd@cpuc.ca.gov'; 'jmh@cpuc.ca.gov'; 'kok@cpuc.ca.gov';
'kim@cpuc.ca.gov'; 'llk@cpuc.ca.gov'; 'lss@cpuc.ca.gov';
'mv1@cpuc.ca.gov'; 'pmd@cpuc.ca.gov'; 'gig@cpuc.ca.gov';
'rtf@cpuc.ca.gov'; 'raw@cpuc.ca.gov'; 'sfc@cpuc.ca.gov';
'car@cpuc.ca.gov'; 'txb@cpuc.ca.gov'; 'ztc@cpuc.ca.gov';
'nevillm@hdcdojnet.state.ca.us'; 'dwrlegal1@water.ca.gov';
'ath@cpuc.ca.gov'; 'LKristov@energy.state.ca.us';
'randy.chinn@senate.ca.gov'; 'firmiyas@dof.ca.gov'; 'rax@cpuc.ca.gov';
'rtavares@energy.state.ca.us'; 'mschwebs@energy.state.ca.us'
Subject: A.00-11-056 PG&E's Errata Testimony

Re:  00-11-056 RSP-Rate Design

Attached is Errata to Chapter 1 of PG&E's Rate Design Phase Testimony which
was filed on April 13.  (The testimony is being sent out with the revisions
shown.)  PG&E apologizes for any inconvenience.

Roxanne Piccillo
PG&E Case Coordinator
rtp1@pge.com
(415) 973-6593

 <<RSP_Rate Design_Cover.doc>>  <<RSP_Rate Design_Ch01.doc>>
<<RSP-PGE_Attachment 1 Errata.xls>>  <<RSP-PGE-Attachment 2 Errata.XLS>>

 - RSP_Rate Design_Cover.doc
 - RSP_Rate Design_Ch01.doc
 - RSP-PGE_Attachment 1 Errata.xls
 - RSP-PGE-Attachment 2 Errata.XLS


[IMAGE] [IMAGE] [IMAGE]     Thursday, January 24, 2002  Home  - Email Preferences  - Account        [IMAGE]         [IMAGE]         [IMAGE]    SITE MENU    [IMAGE] [IMAGE] News    Power News     Gas News     Prices     Stock Market    Snapshots    Industry M & A     Power Plants     Nuclear Data     Power Marketing Data    Company Profiles    Investor Owned Utilities     Cooperatives     Municipals     State / Federal     [IMAGE]   [IMAGE]   NEW CONTENT!    [IMAGE] [IMAGE]   Include the following in your Energy Central Direct:  Weekly Power Plays  Focused on market trends and future price direction.  Publishes extensive price list and market analysis.    Energy Initiatives - 30 Day Hourly ISO-NE ECP  This block charts the last 30 days hourly clearing price for ISO New England.     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Call Mark Johnson at 303-782-5510     [IMAGE]   [IMAGE]  AdvertisementThe Structure Group      ELECTRIC POWER NEWS - TOP STORIES    [IMAGE] [IMAGE] [IMAGE] Energy Central's editors have selected these as the top stories of the day:    Congressional Investigators Issue Four Subpoenas to Arthur Andersen Witnesses  By Julie Mason, Houston Chronicle, Jan. 23 Florida Power Pressed to Cut Rates Even More  By Steve Huettel, St. Petersburg Times, Fla., Jan. 23 Long Island, N.Y. seeks competitive power market  NEW YORK, Jan 23 (Reuters) NRC seeks revised standards for US nuke waste site  WASHINGTON, Jan 23 (Reuters)   [IMAGE]   [IMAGE]   ELECTRIC POWER NEWS - MOST REQUESTED    [IMAGE] [IMAGE] [IMAGE] These stories have been most requested by Energy Central members in the last two weeks.    Ex-Enron Execs Launch Own Firm      By BILL BERGSTROM AP Business Writer, PHILADELPHIA, Jan 14, 2002 (AP Online via COMTEX) --  Court overturns approval of AEP, Central SW merger     By Julie Vorman, WASHINGTON, Jan 18 (Reuters)  PJM, Midwest ISO may form vast US electricity market     WASHINGTON, Jan 9 (Reuters)  SPECIAL REPORT: U.S. Power Production Scorecard: Who Is Building New Power Plants, And Where? What Fuel Sources Will Be Used?     by Will McNamara, IssueAlert, Jan. 16 (Scientech)  Virginia Prepares for Deregulation of Electricity Market     By Greg Edwards, Richmond Times-Dispatch, Va., Jan. 12   [IMAGE]   [IMAGE]   GAS INDUSTRY NEWS - TOP STORIES    [IMAGE] [IMAGE] [IMAGE] Energy Central's editors have selected these as the top stories of the day:    BG gets cut-price Enron India fields  LONDON, Jan 23 (Reuters) - Natural Gas Rates May Decline Again for Las Vegas-Area Customers  By John G. Edwards, Las Vegas Review-Journal, Jan. 23 Providence, R.I., Gas Firm, Union, Set New Talks on Contract  By Timothy C. Barmann, Providence Journal, R.I., Jan. 23   [IMAGE]   [IMAGE]      [IMAGE]   OPEC Trial [IMAGE]  [IMAGE]  IN THIS ISSUE     [IMAGE]    [IMAGE] [IMAGE]   Daily Edition for paul.d.thomas@enron.com  [IMAGE]     Electric Power News  Restructuring Today   RER's eMetrix Load Forecast: CAL ISO  Electric Power News - Top Stories  Electric Power News - Most Requested  Gas Industry News - Top Stories           Selected Content Not In This Issue   Utility Spotlight - Every Monday Utility Stock Price - Top Gainers - Each Tuesday    [IMAGE]   [IMAGE]      [IMAGE]  ELECTRIC POWER NEWS     [IMAGE]    [IMAGE] [IMAGE] [IMAGE] [IMAGE] Selected 78 of 78  Articles Today!      THESE ARTICLES BROUGHT TO YOU BY     Energy Central Direct content blocks enable you to take delivery of  multiple subscriptions in one e-mail! Stay ahead of competitors with  the information featured in Utility Spotlight. This weekly newsletter  covers the power utility industry - specifically electricity and natural  gas. Established in 1948, this publication is a must for executives and  marketers who need to stay ahead of competitors. It reports on and  analyzes a wide range of industry news, focused particularly on  financial, governmental and marketing areas. Click to receive your free  two-week trial subscription, conveniently delivered in Energy Central  Direct. http://www.energycentral.com/sections/ecdirect/ecd_content.cfm         Top Stories     Long Island, N.Y. seeks competitive power market   NEW YORK, Jan 23 (Reuters) Seeking to reduce electric bills on Long Island, the New York State-controlled Long Island Power Authority (LIPA) this month opened the Island's power market to full retail competition.  [IMAGE]   Congressional Investigators Issue Four Subpoenas to Arthur Andersen Witnesses   By Julie Mason, Houston Chronicle, Jan. 23 Problems with two Arthur Andersen witnesses in the unfolding probe of Enron Corp. forced congressional investigators to issue subpoenas Tuesday night for a hearing on the destruction of evidence.  [IMAGE]   Florida Power Pressed to Cut Rates Even More   By Steve Huettel, St. Petersburg Times, Fla., Jan. 23 The state's utility consumer advocate and a group of industrial customers say Florida Power should cut rates far beyond the $5-million a year that the utility has proposed.  [IMAGE]   NRC seeks revised standards for US nuke waste site   WASHINGTON, Jan 23 (Reuters) The Nuclear Regulatory Commission on Wednesday proposed revised guidelines for determining whether it should issue a license for the U.S. government's planned nuclear waste storage site in Nevada.       Press Release     Excelergy Completes Record Year in 2001   LEXINGTON, MA (January 23, 2002) Excelergy Corporation, the world's leading provider of high performance software products automating business processes in the energy/utility industry and other restructuring markets, reported today it completed a record quarter for sales in Q4 2001. This capped a record year for Excelergy for 2001, a year in which overall revenues increased 65 percent, overall bookings increased 89 percent, software license revenue grew 91 percent, and maintenance and support services revenue grew 130 percent despite generally down market conditions in the technology sector.      California Crisis     PG?Files Claim Against State for Prohibiting Plant Sales   Jan. 23 (California Energy Markets) Pacific Gas & Electric filed a claim against the state late this week for passing legislation during the height of last year's energy crisis that prohibited the company (and the other investor-owned utilities) from selling off power plants. Special Offer from this Publisher!     [IMAGE] ADVERTISEMENT    ENERGIZE YOUR CAREER - The Energy Central Job Center has a new look,  new features, premier employers and is updated daily! Visit the energy  industry's largest on-line job center today:  http://www.energycentral.com/sections/jobs          National Energy Policy     Democrats Increase Pressure Over Enron   By PETE YOST Associated Press Writer, WASHINGTON, Jan 23, 2002 (AP Online via COMTEX) -- Four top Democratic senators Wednesday gave their full support to a General Accounting Office inquiry into meetings between the Bush White House and industry leaders on administration energy policy.       Senate Republicans want mid-Feb energy bill vote   WASHINGTON, Jan 23 (Reuters) - Senate Republican Leader Trent Lott on Wednesday said he expects the Senate to begin debate on a broad energy bill early next month and hopefully vote on the measure by mid-February.      Competition & Deregulation     Maryland selects Pepco Energy for electric supply   NEW YORK, Jan 23 (Reuters) Maryland selected Pepco Energy Services to supply competitively priced electricity to state agencies and departments, the company said in a statement.       PSC Strengthens Consumer Protections in Competitive Energy Markets   Albany, NY ? January 23, 2002 (News Release) To further strengthen consumer protections in New York?s competitive energy markets, the New York State Public Service Commission today voted on financial requirements that will apply to energy services companies (ESCOs) offering prepayment plans or requiring deposits from their customers.      Legislation/Regulation     Enron Auditor Refuses to Testify   By MARCY GORDON AP Business Writer, WASHINGTON, Jan 23, 2002 (AP Online via COMTEX) -- The Arthur Andersen auditor fired for his role in the destruction of Enron-related documents is refusing to testify to Congress about the shredding, his attorney said Wednesday.       Panel Seeks Enron Tax Return Release   By CURT ANDERSON AP Tax Writer, WASHINGTON, Jan 23, 2002 (AP Online via COMTEX) -- A Senate committee asked Enron Corp. on Wednesday to authorize release of its tax returns to give the public and Congress a "more informed understanding" of the bankrupt energy trader's financial dealings.       Enron Debacle Could Fuel Campaign-Finance Battle   By Dick Polman, The Philadelphia Inquirer, Jan. 23 The last decade has not been kind to those who want to take big money out of politics.       Developments Related to Enron Probe   By The Associated Press, Jan 23, 2002 (AP Online via COMTEX) --  Senior officials of the Arthur Andersen accounting firm are receiving subpoenas to compel them to testify to Congress about the massive destruction of Enron-related documents.       Bush Defends Administration's Dealings with Enron's Fall   By Ron Hutcheson, Knight Ridder Washington Bureau, Jan. 23 President Bush defended his administration's handling of the Enron debacle Tuesday and expressed outrage at the losses suffered by the company's stockholders, including his mother-in-law.       US Congress returns to Enron, recession, politics   By Thomas Ferraro, WASHINGTON, Jan 23 (Reuters) U.S. lawmakers return on Wednesday for the second and final year of the 107th Congress with the Enron scandal, the recession and the upcoming November elections crowding center stage.       White House cancels photo op with Congress leaders   WASHINGTON, Jan 23 (Reuters) The White House on Wednesday abruptly canceled a picture-taking session between President George W. Bush and congressional leaders to lay out his agenda as Congress returns to work after a holiday recess.       Ex-Senator Metzenbaum calls for SEC head to resign   WASHINGTON, Jan 23 (Reuters) Retired Senator Howard Metzenbaum, now head of a leading U.S. consumer group, said on Wednesday that Harvey Pitt should resign as Securities and Exchange Commission Chairman because of his past work representing accounting firms.      Rates     Capacity Crowds Rail against Nevada Power's Rate Increases   By John G. Edwards, Las Vegas Review-Journal, Jan. 23 Hundreds of consumers turned out Tuesday to lambaste Nevada Power Co. over its request to increase rates $922 million over the next three years.      General     Watchdog Group Criticizes Wisconsin's Top Utility Regulator for Planned Trip   By Lee Hawkins Jr., Milwaukee Journal Sentinel, Jan. 23 The state's top utility regulator was criticized by a consumer group Tuesday for agreeing to travel to Germany to tour generation plants with a delegation of utility executives, state leaders and others.       Consumer Group Wants Florida Power Corp. to Pay for Bad Service   By Cherie Jacobs, Tampa Tribune, Fla., Jan. 23 Florida Power Corp.'s service has been lousy, a consumer advocate says, so the St. Petersburg utility should lower its rates.       Federal Authorities Take Over at Enron's Houston Headquarters   Knight Ridder Washington Bureau, Jan. 23 Federal authorities appeared to take control of Enron's headquarters here Tuesday in response to mounting accusations that vital documents were being shredded by the bankrupt energy empire's employees.       CHRONOLOGY - Rise and fall of energy giant Enron   NEW YORK, Jan 23 (Reuters) Following are key dates in the history of energy trading giant Enron Corp.:       Security Team Leaves Enron to Form Consulting Company   By Alan Bernstein, Houston Chronicle, Jan. 23 Enron's top security team, including four former CIA officers and an ex-FBI agent, has left the company to form a private consulting firm.       ConAgra Foods Nearly Took Enron Route out of Nebraska   By Steve Jordon, Omaha World-Herald, Neb., Jan. 22 Kenneth L. Lay came to Omaha in 1985 and left, more or less for good, in 1986.      New Technologies/Markets     New Energy Program May Boost Eatontown, N.J.-Based Fuel-Cell Technology Firm   By David P. Willis, Asbury Park Press, N.J., Jan. 21 Stephen S. Tang, chief executive officer of Millennium Cell Inc. in Eatontown, envisions a world where you drive to your neighborhood service station and fill up your tank not with gasoline, but with a clean, clear, recyclable liquid fuel.      Power Pricing/Supply     Eastern Power Squeaks Lower in Quiet Trade as Winter Naps   Jan. 23 (Btu's Daily Power Report) There was nothing to drive the price of power traded in Eastern U.S. markets higher today, traders said. Special Offer from this Publisher!        In the Shredder   Jan. 22 (Energy Market Report) Peak power prices in the Western U.S. were mostly lower on Tuesday as slightly milder temperatures cut into demand. Special Offer from this Publisher!       Transmission & Reliability     Shanghai to Invest Heavily to Upgrade Its Power Grid   SHANGHAI, Jan 23, 2002 (Xinhua via COMTEX) --  This China's leading industrial and commercial city plans to invest 6.33 billion yuan (about 762 million U.S. dollars) this year to modernize its power grid to meet the demand of rapid economic development and social progress.      Power Projects     Calpine Continues with Plans for Alameda County, Calif., Power Plant   By Tim Moran, The Modesto Bee, Calif., Jan. 22 Calpine Corp. is proceeding with efforts to get a license for the $500 million East Altamont Energy Center, despite reports of cutbacks by the San Jose-based company.       Calpine Threatens to Abandon Plans for Fort Mill, S.C., Power Facility   By Sula Pettibon, The Herald, Rock Hill, S.C., Jan. 22 A company planning to build a $400 million gas-fired electric generator in York County is sounding the alarm that it will abandon the project if a state House bill calling for a moratorium becomes law.       Endesa to invest 234m euros in new power plant in Brazil   Jan 23, 2002, (El Pais /FT Information via COMTEX) --  Spanish power utility Endesa is to invest 233.9m euros in the construction of a combined-cycle plant in Fortaleza in the Brazilian state of Ceara.      Legal     Enron Creditors Seek Outside Supervision of Firm's Management   By Eric Berger, Houston Chronicle, Jan. 23 Lawyers for Enron creditors have asked a U.S. bankruptcy judge to appoint an outsider to supervise the current management or take control of the troubled company.       PG?Asks Judge for Bankruptcy Help   By KAREN GAUDETTE Associated Press Writer, SAN FRANCISCO, Jan 22, 2002 (AP Online via COMTEX) -- Pacific Gas and Electric Co. told a federal judge late Tuesday that California officials should allow it to bypass state laws to get out from under its $13.2 billion bankruptcy.       Enron Contributions Are at Issue in Texas Judge's Confirmation to Federal Post   By Janet Elliott, Houston Chronicle, Jan. 23 Enron's political contributions have become an issue in the confirmation battle involving a Texas Supreme Court justice who has been nominated to a federal appellate bench.       Lawyers Agree on Proposed Restraining Order to Safeguard Enron Documents   By Rosanna Ruiz, Houston Chronicle, Jan. 23 Attorneys for Enron shareholders agreed late Tuesday on a proposed restraining order to safeguard financial documents and investigate their destruction by employees of the company and its auditor, Arthur Andersen.      Renewables     Solar- and Wind-Energy Users May Get Benefit in Utah   By Steven Oberbeck, The Salt Lake Tribune, Jan. 21 Environmentalists dream of the day when small nonpolluting power plants on individual homes will dot the landscape and huge energy projects such as the coal-fired Intermountain Power Project near Delta will be declared obsolete.       Danish Firm Seen as Likely Winner in Bidding for Enron's Wind-Turbine Business   By Tim Webb, Sunday Business, London, Jan. 20 Enron is expected to sell its wind-turbine business by the end of the month, with a Danish rival as frontrunner to clinch the UKpound 500 million deal.       Royal Dutch/Shell to buy out Siemens, E.ON in solar energy venture   AMSTERDAM, Jan 23, 2002 (AFX-UK via COMTEX) --  Royal Dutch/Shell Group unit Shell Renewables said it plans to buy out the stakes of Siemens AG and E.ON Energie AG in the three companies' solar energy joint venture.      People     Texas Congressman Changes Course, Gives Enron Donation to Worker Fund   By Kristen Mack, Houston Chronicle, Jan. 23 Reversing himself, U.S. Rep. John Culberson said Tuesday he would donate the $5,000 he received from Enron's political action committee to a fund benefiting the company's employees.       Sen. Gramm Could Face Conflict of Interest if His Wife Is Questioned on Enron   By David Ivanovich, Houston Chronicle, Jan. 23 Wendy Gramm, a member of Enron's board of directors, stands to lose more than $686,000 in retirement funds because of the company's bankruptcy filing.       Hunt rejoins SEC, another commissioner may join soon   By Peter Ramjug, WASHINGTON, Jan 23 (Reuters) Isaac Hunt on Wednesday regained his commissioner seat at the Securities and Exchange Commission, filling one of several empty slots as the SEC continues to piece together the complex dealings behind Enron Corp.'s dramatic fall.      Labor/Human Resources     Electricity, water, transportation workers strike in Lebanon   BEIRUT, Lebanon, Jan 23, 2002 (AP WorldStream via COMTEX) --  Some 6,000 electricity, water and transportation workers went on strike in Lebanon Wednesday, saying they would do no maintenance or repairs until the demands for better pay and benefits were met.      Fuel     U.S. to use weapons plutonium as nuclear plant fuel   WASHINGTON, Jan 23 (Reuters) The Bush administration on Wednesday unveiled a plan to convert 34 metric tons of surplus weapons-grade plutonium into fuel for nuclear power plants.      Environmental     NE states to press clean air case with U.S. EPA   WASHINGTON, Jan 22 (Reuters) Eight states will press the head of the U.S. Environmental Protection Agency on Wednesday to cease any effort to weaken Clean Air Act limits on emissions from power plants, refineries and industrial plants, a member of the New York attorney general's staff said on Tuesday.       Environmental Groups in West Virginia Plan Protest for President Bush's Visit   By Ken Ward Jr., The Charleston Gazette, W.Va., Jan. 22 Environmental and citizens groups plan to welcome President Bush to Charleston today with a protest against the administration's energy policies.      Nuclear     Federal Regulators Cite Texas Nuclear Power Plant for Improper Waste Handling   By Neil Strassman, Fort Worth Star-Telegram, Texas, Jan. 23 The Nuclear Regulatory Commission has cited the Comanche Peak nuclear power plant for repeated improper handling of low-level radioactive waste, its first significant safety violations in more than eight years.       PPL to seek new nuclear license for Susquehanna   NEW YORK, Jan 23 (Reuters) PPL Susquehanna notified the Nuclear Regulatory Commission (NRC) it intends to seek renewal of its operating license for the Susquehanna nuclear plant in Berwick, Pennsylvania, the company said in a statement on Wednesday.       Party Forces Austria Govt. Crisis   By WILLIAM J. KOLE Associated Press Writer, VIENNA, Austria, Jan 23, 2002 (AP Online via COMTEX) -- Austria's coalition government was thrown into crisis Wednesday after the far-right Freedom Party pushed anew for early elections in an escalating dispute over a nuclear power plant in the neighboring Czech Republic.       Temelin nuclear plant faces more technology problems   Jan 23, 2002 (New World Publishing via COMTEX) --  A further delay in test operation of the Temelin nuclear power plant first block reactor has resulted from problems with German-made armatures.      Financial     North Carolina Banks, State Pension Fund among Shareholders Hurt by Enron Hit   By Rick Rothacker, The Charlotte Observer, N.C., Jan. 23 Charlotte's big banks and the state pension funds in both Carolinas are among the thousands of Enron Corp. shareholders forced to sell shares in a decline or hold on to nearly worthless stock after the Houston energy company's collapse.       Enron, Kmart Woes Highlight Role of Surety Bonds   By Sheryl Jean, Saint Paul Pioneer Press, Minn., Jan. 23 Two of the nation's biggest bankruptcies -- the recent failures of energy trader Enron Corp. and Kmart Corp. -- has focused attention on a little-known, but widely used insurance product: surety bonds.       Andersen Quakes as Enron Puts Accountancy into Crisis   By Matthew Lynn, Sunday Business, London, Jan. 20 David Duncan probably never expected to have a huge impact on his profession.       Accounting Oversight Board to Disband   WASHINGTON, Jan 23, 2002 (AP Online via COMTEX) --  A board that oversees the accounting profession has voted to disband after raising concerns about proposed changes in the way firms are regulated following the collapse of Enron.      Financial - Ratings     Standard & Poor's Warns of More Enron-Like Failures, Urges Better Disclosure   By Robert Bailhache, Sunday Business, London, Jan. 20 Standard & Poor's, one of the world's leading credit-rating agencies, has urged global financial markets to enforce a culture of greater disclosure if spectacular corporate failures such as Enron's are to be minimised.       Centrica surges after UBS Warburg turns 'strong buyer', ups target   LONDON, Jan 23, 2002 (AFX-UK via COMTEX) --  Shares in Centrica PLC were trading sharply higher in early deals, supported by defensive buying and news UBS Warburg turned very positive on the utility, dealers said.      Financial - Results     Dynegy earnings meet targets despite Enron woes   HOUSTON, Jan 23 (Reuters) - Power marketer Dynegy Inc. on Wednesday met earnings expectations in a difficult fourth quarter that included its broken merger with bankrupt rival Enron Corp., and saw its 2001 net income grow by more than half over the previous year.       Warm Weather Hurts Profits for Dayton, Ohio, Utility's Parent Company   By Jim Bohman, Dayton Daily News, Ohio, Jan. 22 DPL Inc. Monday reported record operating earnings for 2001, but saw warm temperatures melt fourth-quarter profits.       Berlin, Conn.-Based Northeast Utilities Says Revenues Up 17 Percent in 2001   By David A. Smith, Waterbury Republican-American, Conn., Jan. 23 Northeast Utilities Inc., which owns subsidiaries serving 1.3 million electric and gas customers in Connecticut, said Tuesday its 2001 revenues increased 17 percent, helping push its year-end profits to nearly $245 million.       Progress fourth-quarter earnings beat estimate   RALEIGH, N.C., Jan 23 (Reuters) Progress Energy Inc., which owns utilities distributing electricity and natural gas in the U.S. Southeast, on Wednesday reported a fourth-quarter profit compared with a year-earlier loss and beat Wall Street earnings expectations despite mild weather and a slowdown in industrial demand because of the weak economy.       Hydro-Quebec credits exports for record profit   QUEBEC CITY, Jan 23 (Reuters) - Hydro-Quebec, North America's largest power utility, said on Wednesday its 2001 net profit reached a record C$1.1 billion ($685 million), thanks to strong electricity exports to the United States and despite warmer weather than usual.      International     French State-Owned Power Giant to Launch Reorganisation   By Ross Tieman, Sunday Business, London, Jan. 20 Commercial reality is dawning at Electricite de France (EdF), the state-owned power giant that has played Cock o' the Heap in the world's electricity markets while protected by the French government from competition in its own back yard.       Scots Pay the Price of Electricity Duopoly   By Tim Webb, Sunday Business, London, Jan. 20 Scotland's electricity market is "anti-competitive, imbalanced and inefficient", according to the director of trading at the generating company, Innogy.       Taiwan fully opens energy sector to foreign investment   TAIPEI, Jan 23, 2002 (AFX-Asia via COMTEX) --  The government has fully opened the energy industry to foreign investment in a bid to lure more capital to the island after its entry into the World Trade Organization (WTO), officials said.       Andersen May Lose Audits for Top British Firms in Enron Fallout   Evening Standard, London, Jan. 22 Accounting giant Andersen is facing the prospect of losing more lucrative contracts to audit some of Britain's leading companies as concerns grow over the firm's role in the collapse of energy group Enron.       Doosan Heavy close to winning tender to build thermal power plants in Dangjin   SEOUL, Jan 22, 2002 (AFX-Asia via COMTEX) --  Daewoo Heavy Industries Co Ltd said it is close to winning an international tender to build two thermal power plant units in Dangjin, Chungchong Province, for about 300 bln won.       Electric energy demand to increase 6% in 2002   Chile, Jan 22, 2002 (El Mercurio/SABI via COMTEX) --  Chilean energy demand grew by 5,7% in 2001, less than the initial forecasts of 6% - 7%, and far from the 8,3% growth registered in 2000.       Enron continues in Mexico through corporation`s plant   Mexico, Jan 22, 2002 (El Economista/SABI via COMTEX) --  Enron`s cogeneration plant in Mexico (on a concession from the federal government) will remain under the control of the multinational Tractebel and will begin working at the end of the year.       European power market: Pierret considers liberalisation process irreversible   Jan 23, 2002, (Les Echos /FT Information via COMTEX) --  On Friday Christian Pierret, the French secretary of state for industry, said that the process to open up the European power market is irreversible, and that France is conforming with European directives.       France's electricity to cost more   Jan 23, 2002, (Le Figaro /FT Information via COMTEX) --  The French industry secretary, Christian Pierret, yesterday confirmed that French consumers will soon be paying more for their electricity because the application of the European energy directive "will have a price".       RWE and EnBW battle for regional energy market   Jan 23, 2002, (Frankfurter Allgemeine Zeitung /FT Information via COMTEX) --  German energy companies RWE AG and Energie Baden-Wurttemberg AG (EnBW) are intensifying their battle for the energy market in Germany's Saar region.       Spanish energy commission could investigate BBVA stakes in Repsol and Iberdrola   Jan 22, 2002, (Expansion /FT Information via COMTEX) --  The Spanish energy commission (CNE) could launch an investigation into Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) to analyse whether its stakes in oil group Repsol YPF and power utility Iberdrola breach legal restrictions on stakes in rival companies.       Ukraine rejects idea of common electrical power market in CIS   KIEV, Jan 23, 2002 (Itar-Tass via COMTEX) --  The government of Ukraine on Wednesday approved two energy agreements with CIS states, except those provisions which call for the creation of a single energy market in the CIS.       Arthur Andersen assured operations can continue in Emirates   ABU DHABI, United Arab Emirates, Jan 23, 2002 (AP WorldStream via COMTEX) --  Concerned monetary officials had summoned representatives of the former auditing firm of bankrupt U.S. energy giant Enron, but said Wednesday the company could continue to operate normally in the United Arab Emirates.       Industrial Companies To Pass On Higher Electricity Costs To Product Prices   MEXICO CITY, Jan 23, 2002 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) --  The 8.5-percent increase in electricity prices will be passed on directly to the final price of products, several companies told Mexico City daily el Economista.       Eskom to Work With Shell On Project   By Kingsley Kubeyinje And John Fraser, Jan 23, 2002 (Business Day/All Africa Global Media via COMTEX) --  SA's Eskom Enterprises and the Shell Petroleum Development Company (SPDC) have landed a $540m contract for the rehabilitation of a cluster of power plants in Rivers State, Nigeria, and the start-up of a fifth plant.       Crippled generator cuts state  reserves   By Rod Myer, Jan 24, 2002 (The Age - ABIX via COMTEX) --  A report by Deutsche Bank claims Victoria's power-generation reserves are at inadequate levels in late January 2002.       UK Firms Are Caught Up in the Backlash from Enron Debacle   Sunday Business, London, Jan. 20 Andersen faces a backlash in this country because of its involvement with Enron.   [IMAGE]     Powered by Energy Central   ? 2002 CyberTech, Inc. All rights reserved.  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Please see attached memo from Beth Tilney and Cindy Olson.


October 4, 2000
Notice 00-344

Implied Bid or Offer Functionality Returns to NYMEX ACCESS

Effective Sunday evening, October 8, 2000 (trade date October 9, 2000), the
NYMEX ACCESS electronic trading system will begin  offering implied trading
functionality, pending approval of necessary rule changes by the Commodity
Futures Trading Commission.  This  feature will once again create "implied"
bids and offers in all futures, intra-market calendar spread, and 1:1
inter-commodity spread markets based on orders in related markets.

Implied Orders in General
Implied bids and offers are generated by the system based on individual
contract or spread orders that have been entered into the system.  For
example, if someone places a spread order to buy heating oil and sell crude
oil at a set differential, the system will automatically seek the best offer
to sell heating oil and the best bid on crude oil and create an implied bid
in heating oil and an implied offer in crude oil, based on the differential
to the other market.  To do this, the system examines the outright  orders
(orders directly entered into the system) and creates bids and offers  that
are implied by the combination of specific outright orders.  The system then
creates the "implied" bid or offer and displays it as an order that may be
traded against.  If a trader trades against this implied order, then the
outright orders that combined to create the implied order will trade.

Two-Way Implication Between the Futures and the Spread Markets
Orders entered into a commodity,s outright futures market will combine to
create implied spread orders both as calendar spreads and  1:1
inter-commodity spreads .  The reverse is also true, i.e., orders entered
into the calendar spread market or the 1:1 inter-commodity spread market can
combine with other futures orders to create implied futures orders.

Implied Spread Orders Generated from Other Spread Orders
Implied spread orders can be created from the combination of other spread
orders.  For example, two separate calendar spread orders, one to buy a
January contract and sell a February contract, and another to buy a February
contract and sell a March contract, will create an implied order for a buy
January/sell March spread.  The system will also generate implied
inter-commodity spread orders from the combination of calendar spread orders
and other inter-commodity spread orders, and it will generate implied
calendar spread orders from the combination of inter-commodity spread orders
and other calendar spread orders.

Implied Order Creation and the Depth-of-Market
Implied orders will be displayed only if the implied order,s price is the
best price in the market.  Consequently, a particular market,s best price
volume may be composed of outright volume, implied volume, or a combination
of outright and implied volume.  The depth-of-market view of a contract will
only show this combination of implied and outright volume at the contract,s
BEST bid and offer prices.  Implied orders with prices that are NOT at the
best price for a contract will NOT show in the depth-of-market view.

Please note that although the depth-of-market will not display volume from
implied orders at prices other than the best, if a sweep order (an order to
purchase a certain number of contracts within a predetermined price range) is
entered with a price that would trade through  the undisplayed implied order,
the implied order will be filled.

Color Scheme to Distinguish Between Outright and Implied Orders
If the volume of the best bid or offer is due completely to outright orders,
then the color  will be displayed in BLACK font.  If the volume of the best
bid or offer is due completely to implied orders, then the color  will be
displayed in RED font.  If the volume of the best bid or offer is a
combination, then the color  will be displayed in PURPLE font. (Warning: Do
not change the Bid or Ask Color price cells -- which is done in the <View>
<Preferences> <Attributes> screen --to the same colors that appear in the
Implied Prices (Full) and (Part) fields -- also located in the same <View>
<Preferences> <Attributes> screen.  If you do, you will not be able to view
the implied prices.)

Cross Orders Must Be Turned Off
The current version of the implied functionality requires that cross order
entry be turned off.  Therefore, there is no ability to directly enter a
cross order (a single order for a trade to be transacted for two customers
accounts by the same broker) into the NYMEX ACCESSc system (This
functionality is planned as a future enhancement).  Orders should be entered
in the order received from the customers.  If you have two orders in hand
that would normally be entered as a cross order, you should enter the order
received first, wait ten seconds, and then enter the order received second.

Options Orders
This release does not support implied options orders in any options market.

More Information
If you have additional questions concerning the implied market functionality,
please call the NYMEX ACCESSc Control Center (NACC) at 1-800-438-8616 US,
0800-89-0813 (UK), or 212-299-2670 (Far East).  The NACC can provide you with
a more descriptive document concerning the implied functionality and answer
any questions that you may have.

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