Ryan Osmond
230 East 44th Street, 10H
New York, NY 10017
rosmond@hnw.com

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Ryan Osmond


Paul -

To confirm our conversation today, I understand that Locke Liddell has been
approached by Salvage Sales to represent them in some commercial negotiations
with our BLM project company for the purpose of finding a third party to
demolish and/or sell BLM Unit 1.  We do not have an issue with that
representation.

Thanks,
Bruce


Great points.  Teece---and the lion's share of the folks on the participants
list---are advocates of a minimalist role for government, particularly where
markets are a clear and preferably option, as in the case of electricity.

That said, I think we're going to have to make a fundamental decision about
what the goal of this "study" would be, which will determine, to a large
degree, whether we choose to pursue it.

I'll throw out for comment the notion that the study should be designed to
serve one purpose:  to influence the policy decision currently under debate
"To de-regulate or not."  As such, I wouldn't see issues like "PJM or APX" or
"competitive default supplier or not," or "divest generation with vesting
contracts or retain the assets" being the focus.

That debate over critically important implementation details, would seem to
come in "Round 2," once the initial debate over "deregulate or not" is won.
To try to do both, i.e., resolve in the broad policy issue AND make the case
for the specific, "right" implementation plan, would arguably bog the study
down, perhaps interminably.  And it seems that time is of the essence in the
current environment.  In addition, unless the fundamental policy issue is
won--and won rather quickly--debating  implementation may be moot.  Of
course, it will be impossible to avoid some level of dicussion on "how to do
it," but that would not be the emphasis.

In sum, I'd suggest for comment that it only makes sense to
proceed---particularly since time is of the essence---if we focus on the high
level policy level question of "to deregulate or not," and address
implementation in a second, or follow up, study.  I think we should try to
make a call on this swiftly, since the "go/no go" decision would seem to flow
from resolution of this issue.

Best,
Jeff

	James D Steffes
	03/16/2001 08:22 AM

		 To: Jeff Dasovich/NA/Enron@Enron
		 cc: Jeff Dasovich/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Linda
Robertson/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, skean@enron.com
		 Subject: Re: Analysis by Academics----Why De-regulation is the right policy
choice

Jeff --

It would be helpful to get some feedback prior to starting to deal with the
fundamental question related to direct access for smaller customers.  I would
like to know Teece's perspective on the role of government in this
marketplace.  In addition, I think that the paper must deal with the
drawbacks of having mixed roles - utility default supply and competitive
markets.

Jim

	Jeff Dasovich
	Sent by: Jeff Dasovich
	03/15/2001 03:11 PM

		 To: Richard Shapiro/NA/Enron@Enron, skean@enron.com, James D
Steffes/NA/Enron@Enron, Joe Hartsoe/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON
		 cc:
		 Subject: Analysis by Academics----Why De-regulation is the right policy
choice

Greetings:

As I've mentioned, I've been discussing with a group of academics
(principally from UC Berkeley) the possibility of producing an analysis of
why it makes sense to move forward toward de-regulation, and makes no sense
to turn back to command-and-control regulation.  Clearly, we're at a fork in
the policy road---move forward, or go back.

I've (finally) gotten a proposal from the group.  It's attached.  Please take
a look.  I'd like to distribute more widely internally for comment, but
wanted to run it through a preliminary screen to guage whether folks think it
would be useful before cluttering up folks' in-boxes with more emails to
read.  Few points worth mentioning:

The majority of the academics that would do the report are affiliated with
LECG, Inc., the consulting group that I worked with prior to joing Enron.
List also includes Dan McFadden, UC Berkeley nobel prize winner who wrote the
recent op-ed piece in the WSJ.
The list also includes Hogan and Joskow  and Borenstein.  We could certainly
exclude these folks should we choose to go forward with the analysis.
However, the goal is to produce a high level analysis, i.e., "de-regulation
is good and can work; command and control regulation is bad and we know that
it does not work."  Once the study is released (if it is pursued), the
"authors" could tour the country, testifying before federal and state bodies
to advocate the virtues of de-regulation and the pitfalls of reversing
course.  The analysis would not be a debate over "To Poolco, or not to
Poolco, PJM, etc."  In this way, including folks like Joskow and Hogan could
offer the added benefit of creating a "Nixon goes to China" scenario.  Please
take a look at the list of participants.  Again, we can add to and subtract
from the list.
Laura Tyson would be one of the two project leaders. (The other would be
David Teece, Chairman of LECG.)
None of the folks on the list occupies either extreme of the political
spectrum.  It's a mix of D's and R's who are arguably centrist economist and
strong believers in markets (I won't vouch for Joskow and Hogan).
The idea would be to get a wide array of industry participants from across
the country to support the project.  This is for two reasons:  1) the more
diverse the group supporting the effort, the greater the credibility, and 2)
they are asking for about $1 million to do the study.
If you think it would be useful to pursue the study as part of our national
campaign to minimize the damage created by California, I would like to start
immediately to approach trade associations, companies, customers, etc.
nationwide to garner support for the project.

Let me know if you think the effort would be worthwhile.  Appreciate your
comments.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 03/15/2001 02:43 PM -----

 - REAFFIRMING THE CASE FOR ELECTRICITY DEREGULATION.doc


Michelle, I need your help on this issue as we are in  the meeting phase and are getting questions?
As far as managed out employees, we'd like to include them in the system in some fashion.  If we make them "active" in addition to the legal implications that may exist, we will skew our demographics.  Do you have any issue with our making/calling  these managed employees terminated emp. 1, 2, 3 etc, if that is possible in the system and keeping them separate from the  demographic numbers which Andrea is working with?

Thanks Gina
 -----Original Message-----
From: 	Corteselli, Gina
Sent:	Friday, May 25, 2001 11:57 AM
To:	Cash, Michelle
Cc:	Oxley, David; Inglis, Elspeth
Subject:	need advice on managed out folks
Importance:	High

Michelle;
As regards managed out employees, I believe the plan is to still include them in BU distribution.  The method of including them may give you some heartburn.  In essence, in order to graph during the meeting to show distribution with the  managed out people, we would either have to enter dummy data into PEP (which corrupts our data and could mess up datamart which we feed into), or we have to add them into PEP as active employees (PEP can't pull inactive employees), or as business associates.
What is your take on this?

On another less troublesome issue, we will have the diversity system up and running on Tuesday.  We can't migrate the program into stage, because we're using that environment for PC driver training.  (more than you wanted to know?)
If ok w/ you we can discuss diversity stats on Tuesday.


Hi Folks,

Lots of news so let's jump right  into it.
?
Joe
?
Quarterbacks in the  News:
?
QB  Rob Johnson (Buf) is listed as questionable, but he is not expected to
play. QB  Doug Flutie will start in his absence.
?
*** Saturday Update? Buffalo  QBs.? This could get ugly.? Johnson said he
felt that  anonymous negative comments made in the Sports Illustrated article
were made by  Flutie.? It's still my contention that Flutie is playing for?a
starting job from here on out.? If he plays well Sunday and the Bills win,
Johnson had better be for finding a baseball cap he's comfortable with.?

QB Cade McNown (Chi) is out with a bad shoulder. Jim Miller  starts?in his
absence.
?
QB Troy Aikman (Dal) will sit with his sore back.  Randall Cunningham will
take over the reins this week.

QB Brian Griese  (Den) was arrested for driving under the influence. This is
not expected to  cause any problems for the remainder of this season.

QB Mark Brunell  (Jac) is on a bye and will not play.

QB Jay Fiedler (Mia) will start with  his sore ribs.

QB Vinny Testaverde (NYJ) has played two games with his  sore neck. Look for
the same this week.

QB Ryan Leaf (SD) practiced with  the second team. He will likely back up Jim
Harbaugh for the remainder of the  season.

QB Brock Huard (Sea) is not expected to play this week. Jon Kitna  returns to
the starting job.

QB Kurt Warner (StL) is out with a broken  pinkie. Trent Green starts in his
absence.

QB Steve McNair (Ten)  practiced Thursday and is expected to start.

QB Brad Johnson (Was) will  miss at least this week's game. He could be out
from 2-4 weeks. Jeff George gets  the start in his absence.
?
*** Saturday Update QB Brad Johnson (Was)  is looking like his knee injury
could be more serious than originally  thought. He has a?"significant" (grade
2) tear of his MCL in his left knee  that is close to being a complete tear
which is a grade 3.? This will get  very interesting if Jeff George plays
well.

//////////////////////////////

Running Backs in the  News:

RB Michael Pittman (Ari) is expected to start with a sore  shoulder and ribs.
He left practice early Wednesday to receive treatment, but is  expected to
play.
?
*** Saturday Update? RB Michael  Pittman (Ari) returned to practice late in
the week and should play  Sunday.? Be careful though.? The ribs are something
that could easily  become a problem if he takes a hit in the wrong place.?

RB Obafemi  Ayanbadejo (Bal) is doubtful with a severely sprained toe.

RB Tshimanga Biakabutuka (Car) had a successful MRI  and is expected to play
with his sore ankle.

RB Corey Dillon (Cin)  appeared to his assault hearing. His lawyers got the
trial pushed to January 9th  so he will not be impacted this season.

RB Howard Griffith (Den) will  return to the lineup with a sore knee.

RB Terrell Davis (Den) practiced  Thursday and will return as the featured
back. Mike Anderson will spell Terrell  on a few plays a game.

RB Dorsey Levens (GB) continues to miss practice  and is very questionable to
start this week. If he cannot go, look for Ahman  Green to play in his
absence.
?
*** Saturday Update? RB Dorsey Levens  (GB) missed practice again Friday and
will be very limited this weekend  if he plays at all.

RB Fred Taylor (Jac) is on a bye and will not  play.

RB Donnell Bennett (KC) could play, but now backs up Tony  Richardson. He has
no fantasy value.

RB Ricky Williams (NO) practiced and  is expected to play with his hurt
shoulder.
?
*** Saturday Update RB J.R. Redmond (NE)  injured his foot and will be
limited Sunday.? Kevin  Faulk?could get the start.

RB Curtis Martin (NYJ) is  expected to play with a sore knee.

RB Bernie Parmalee (NYJ) will play if  needed.

RB Tyrone Wheatley (Oak) is listed as questionable on the injury  report with
a sore ankle, but is expected to play.
?
*** Saturday Update RB Tyrone Wheatley  (Oak) is looking very iffy.? Coach
Jon Gruden is talking like  it'll be all Napoleon Kaufman.? I'd avoid
Wheatley if you can.

RB  Amp Lee (Phi) is expected to see increased action this week.

RB Natrone  Means?worked out for Philadelphia.
?
*** Saturday Update RB Natrone Means?  (FA)? The Eagles elected to pass on
signing Natrone Means.?

RB Chris Fuamatu-Ma'afala (Pit) is out this week.

RB Jerome  Bettis (Pit) is expected to play with his sore quad.
?
*** Saturday Update? RB Jerome Bettis  (Pit) could be without center
Dermontti Dawson who's Questionable with  a groin although he did practice
Friday.

RB Kenny Bynum (SD) is listed as  questionable with a sore hamstring.

RB Ricky Watters (Sea) has not  practiced and could be a game-time decision.
Coach Holmgren has indicated that  he believes Watters will be ready to play
with pain on Sunday.
?
*** Saturday Update? RB Ricky Watters  (Sea) practiced Friday and looks to be
good for Sunday.?

RB Garrison Hearst (SF) returned to practice this week, but the team has  not
commented whether he will rejoin the team this season or not.

RB  Marshall Faulk (StL) has an assortment of ailments, but he is expected to
play  through the pain. He is holding off surgery until the end of the
season.
?
*** Saturday Update? RB Marshall Faulk  (StL) practiced Friday and looks to
be good to go for Sunday.?

RB Marshall Holcombe (StL) is questionable with a sore  hamstring.

RB Trung Canidate (StL) is almost 100%, but he has lost the  back up spot to
Justin Watson.

RB Eddie George (Ten) practiced Thursday,  but remains questionable for this
week. He plays hurt so he will likely go again  this week.
?
*** Saturday Update? RB Eddie George  (Ten) practiced Friday and should play
Sunday.

//////////////////////////////

Wide Receivers in  the News:

WR Travis Taylor (Bal) is out with a broken  clavicle.
?
*** Saturday Update? WR Travis Taylor  (Bal)?? For now, the Ravens have
stated they will not place  Taylor on the IR.? There was some question about
it earlier.? He's  looking to hopefully return by Dec. 10.

WR Muhsin Muhammad (Car) is  expected to play with his sore hamstring.

WR Darrin Chiaverini (Cle) is  not expected to play this week.

WR David Patten (Cle) will likely play a  limited role this week with his
sore toe.

WR Chris Cole (Den) has a hurt  elbow and does not look to see any
significant playing time.

WR Robert  Brooks (Den) will play with his sore hamstring. But it remains to
be seen if  Brian Griese will throw the ball to any receiver not named Smith
or  McCaffrey.

WR Germane Crowell (Det) is out with a broken foot. Johnnie  Morton and
Herman Moore continue to start in his absence.
?
*** Saturday Update? WR Herman Moore  (Det) has a sprained foot but is
expected to play Sunday.
?
*** Saturday Update WR Terrence Wilkins  (Ind) will be returning both
kickoffs and punts.? If you get  points for his special teams work, it might
make a difference.

WR Jimmy  Smith (Jac) will use this week's bye week to get healthy.

WR Keenan  McCardell (Jac) is on a bye and will not play.

WR Sylvester Morris (KC)  could use a week off to heal his shoulder, but will
likely play against rival  Oakland this week. If he cannot go, look for Kevin
Lockett to start in his  absence.
?
*** Saturday Update WR Sylvester Morris  (KC) practiced well late in the week
and should be good to  go.

WR Tony Martin (Mia) is not expected to play with a sore foot. Oronde
Gadsden and Leslie Shepherd will start again this week.

WR Bert Emanuel  (Mia) is listed as questionable on the injury report. He
will likely play if  needed.

WR Randy Moss (Min) was fined $25,000 for his contact with an  official last
week.

WR Jake Reed (NO) is  out.

WR Joe Horn (NO) is listed as questionable, but has practiced and is
expected to start.
?
*** Saturday Update WR Joe Horn (NO)  practiced Thursday and is expected to
start.

WR Keith Poole (NO)  will likely play with a sore neck. He appears to be over
his concussion  symptoms.
?
*** Saturday Update  WR Keith Poole (NO) practiced Thursday and is expected
to  start.

WR Windrell Hayes (NYJ) is not expected to play this  week.

WR Wayne Chrebet (NYJ) is expected to play with his sore  shoulder.

WR Laveranues Coles (NYJ) is expected to play with his bruised  shin.

WR Jerry Porter (Oak) has been on the injury report nearly every  week with a
sore hamstring. In related news, he was seen dressed as Yancey  Thigpen at a
local Halloween party in Oakland.

WR Andre Rison (Oak) is  expected to play with a sore toe.

WR Troy Edwards (Pit) is expected to  play with his sore hip.

WR Hines Ward (Pit) is expected to play with his  sore back.

WR Derrick Mayes (Sea) has been named the starter opposite of  Sean Dawkins
this week. Rookie Darrell Jackson moves to the #3 WR.

WR  Karl Williams (TB) practiced and will play if needed.

WR Derrick Mason  (Ten) is banged up with a sore back and ankle, but will
likely start.

WR  Carl Pickens (Ten) will likely play, but may not start.
?
*** Saturday Update? WR Carl Pickens  (Ten) practiced Friday and will likely
play.

WR Yancey Thigpen  (Ten) is questionable with a sore hamstring. Do not count
on him  playing.
?
*** Saturday Update? WR Yancey Thigpen  (Ten) has been declared inactive.?
Like that's news...

WR  Irving Fryar (Was) is listed as questionable. If he plays, he will likely
be the  #3 WR behind dinged up receivers Albert Connell and James  Thrash.

//////////////////////////////

Tight Ends in the  News:

TE Chris Gedney (Ari) is questionable with sore  ribs.

TE Wesley Walls (Car) has been lost for the season.
?
*** Saturday Update? TE Casey Crawford  (Car) looks to get the start Sunday.

TE Kris Mangum (Car) is not  expected to play.

TE Kyle Brady (Jac) is on a bye and will not  play.
?
*** Saturday Update? TE Eric Bjornson  (NE) is inactive for this week's
game.? Rod Rutledge  is the starting TE.

TE Anthony Becht (NYJ) is not expected to  play this week. Fred Baxter will
start in his place.
?
*** Saturday Update TE Anthony Becht (NYJ)  has now been upgraded to Probable
and will likely go this  week.
?
*** Saturday Update? Johnny McWilliams  (Min) has a sore back but is expected
to play Monday.

TE Mark  Bruener (Pit) is expected to play with his sore  hip.

//////////////////////////////

Kickers in the  News:

PK Mike Hollis (Jac) is on a bye and will not  play.

PK Jaret Holmes (NYG) can play, but it remains unclear whether he  will be
used or if the team will go with Brad Daluiso again this week. Both of  these
players are probably worth avoiding this week.
?
*** Saturday Update PK Brad Daluiso (NYG)  is reportedly the kicker this
week.? Still, caution is probably in  order here.

PK John Hall (NYJ) is expected to play with a sore  quad.

PK Jeff Wilkins (StL) is expected back next week. Pete Stoyanovich  will kick
for the Rams this week.

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


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I have signed several approvals for her but I am not sure why they are coming
to me and not you---this must be proof that you are still under me on the
org. chart and that I am still your boss.
----- Forwarded by Richard B Sanders/HOU/ECT on 12/27/2000 10:23 AM -----

	ARSystem@mailman.enron.com
	12/25/2000 07:06 PM

		 To: richard.b.sanders@enron.com
		 cc:
		 Subject: Your Approval is Overdue: Access Request for diane.goode@enron.com

This request has been pending your approval for  8 days.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000010092&Page=
Approval to review and act upon this request.

Request ID          : 000000000010092
Request Create Date : 12/12/00 3:00:54 PM
Requested For       : diane.goode@enron.com
Resource Name       : VPN
Resource Type       : Applications


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CO 1767    A          WED   PEARSON INTL   NEWARK INTL
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Congrats!  Come visit sometime.  SS

Dale Neuner on 11/01/99 03:34:42 PM
To: Bill Greenizan/CAL/ECT@ECT, Dianne Seib/CAL/ECT@ECT, Stewart
Rosman/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Sean Black/HOU/ECT@ECT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark Taylor/HOU/ECT@ECT, Sara
Shackleton/HOU/ECT@ECT, Shari Stack/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Jeffrey T Hodge/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Susan
Flynn/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Marie Heard/HOU/ECT@ECT, Jung-Suk
Suh/HOU/ECT@ECT, Kim S Theriot/HOU/ECT@ECT, Melissa Ann Murphy/HOU/ECT@ECT,
Robert B Cass/HOU/ECT@ECT, Edmund Cooper/LON/ECT@ECT, Debbie
Nicholls/LON/ECT@ECT, Mark Elliott/LON/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT,
Michael Nguyen/HOU/ECT@ECT, Heather Alon/HOU/ECT@ECT, John
Jacobsen/HOU/ECT@ECT, Tony Harris/HOU/ECT@ECT, Carolyn Gilley/HOU/ECT@ECT,
Jaime Williams/NA/Enron@ENRON, Tanya Rohauer/HOU/ECT@ECT, Rod
Nelson/HOU/ECT@ECT, Jeff Harbert/HOU/ECT@ECT
cc:
Subject: My role has changed.........

This past Friday I was offered (and accepted) a position with EnronOnline.
The move is effective today.

I've enjoyed working with all of you and look forward to supporting your
business in my new role. If you require any assistance regarding financial
Confirmations, please do not hestitate to contact Larry "Joe" Hunter at
3-3316 (Senior Specialist - Lead) or Jeff Sorenson at 3-5294 (Manager).

Please feel free to forward this to any person you deem appropriate or that I
may have missed.

Dale
3-9746


When: Monday, October 29, 2001 3:00 PM-3:30 PM (GMT-06:00) Central Time (US & Canada).
Where: Gerald's Office

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


As you are all aware, the legal department has grown significantly over the
last several months.  While so far we have been able to find places for
everyone to sit, we have not added significantly to the available file
cabinet space on the floor.  In fact, a number of file cabinets are now in
locations where they will not be able to remain due to fire code requirements.

Please review the files you currently have stored outside your own office
space and, after condensing, archiving and destroying as many as possible,
give an inventory of your current usage and needs to your group leader.  Once
we have an accurate picture of our needs, we can come up with a plan to
allocate the available file cabinet space.  Most if not all of us will have
to make significant sacrifices and modify our filing practices so that we
each reduce our file space usage to our fair share.


-----Original Message-----
From: 	Polsky, Phil
Sent:	Wednesday, October 24, 2001 7:57 AM
To:	Grigsby, Mike
Subject:	Summary for Grigsby.xls

MIke,

Attached is the updated summary regarding expansions in the west.  There is only one change - PGT 2003 expansion.  The expansion has now dropped from 230,000 MM/d to 160,000 MM/d due to PPL dropping out.

Let me know if you need anything else.

Phil


Thought you might be interested.  Just in case you aren't recieving these
emails.

---------------------- Forwarded by Gerald Nemec/HOU/ECT on 08/19/99 11:19 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  General Announcement @ ENRON                           08/18/99 09:52
PM

To: Enron North America - Houston
cc:
Subject: Course Offerings

VALUE AT RISK

 August 25 & 26/September 28 & 29

Can you ....

 Give a precise definition of Value at Risk?
 Describe how VaR is changing the way companies evaluate risk in their
businesses?
 Discuss how these changing views of risk will impact the use of hedging
products?
 Define the standardizing practice of Risk Mapping?
 Illustrate a simple VaR model and accurately discuss the modeling process?
 Evaluate the impact of correlation on the calculation of VaR?

An understanding of Value at Risk (VaR) is rapidly becoming an integral
business need.  The (2 day) VaR seminar is designed to introduce participants
to this interrelationship of the many factors that make VaR a dynamic and
strategic tool.  The program ends with a "hands-on" experience of making a
simple VaR calculation.

If interested, please register through the Development Center or call the
Ernie help line at ext. 3-0357.


Shelley--With the cold wave expected to come in next Tuesday December 12, we
will keep you informed of any of the issues you listed below.

Thanks. Julia

Shelley Corman
12/05/2000 02:57 PM
To: Stanley Horton/Corp/Enron@Enron, Mary Kay Miller/ET&S/Enron@ENRON, Robert
Kilmer/FGT/Enron@ENRON, Ray Neppl/NPNG/Enron@ENRON, Dorothy
McCoppin/FGT/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Janet
Place/NPNG/Enron@ENRON, Phil Lowry/OTS/Enron@ENRON, Bill
Cordes/NPNG/Enron@ENRON, Julia White/ET&S/Enron@ENRON, Michael
Moran/ET&S/Enron@ENRON
cc:

Subject: FERC Asks INGAA Members to Brief Staff on Any Critical Winter
Operations

FERC contacted INGAA to ask that pipelines call Dan Larcamp in the event that
they experience any curtailments, supply shortages or other critical
operations situations this winter.  FERC wants to hear from the pipelines and
have some time to react before they are asked to respond in a public forum
(particularly Congress).


FYI.
---------------------- Forwarded by Paul Kaufman/PDX/ECT on 03/05/2001 11:35
AM ---------------------------

Jeff Shields
02/26/2001 09:46 AM
To: Christopher F Calger/PDX/ECT@ECT, Laird Dyer/SF/ECT@ECT, Michael
McDonald/SF/ECT@ECT, Michael Danielson/SF/ECT@ECT, Paul Kaufman/PDX/ECT@ECT
cc:
Subject: California

I participated in a meeting on Friday afternoon in which staff of the
California Energy Oversight Board and the Cal Energy Commission briefed
representatives of the Governor's offices in Washington and Oregon on a
variety of energy related matter. Prior to the meeting the California folks
were given a list of topic areas and specific questions relating to the
respective topics. I have a list of those questions that I will be happy to
provide if your interested. Following are some notes regarding the discussion
that took place.

The first topic area was about the projected load/resource balance for this
summer in California. The Californian's provided a one page listing of the
various resources and anticipated loads that they expect to exist this
summer. They expect Peak Demand + 7% Reserves to be 61,125 MW's. They have
59,209 in total "existing resources."  They expect to have 3,050 MW off the
existing resources off-line for much of the summer. The net short position is
4,966 MW.

Governor Davis expects 5,053 MW of new generation. The Oversight Board and
CEC believe this is probably going to be 2,500 MW at best. Many of the
numbers were based on some suspect assumptions, including such things as an
expectation that BPA will be in a position to make some exports to Cal this
summer.

A second topic area is air quality. Governor Davis has asked all of the local
Air Quality management Districts to relax emission standards for this summer.
The problem is that California has some rules requiring older plants to
comply with BACT by 1-1-2002. Many plant owners have ordered the equipment to
comply and are anticipating being down to install this. There is no single
coordinator with reliable information on these planned outages.

NW Power Planning Council staff told the Californian's that they should
expect the NW Hydro system to be 4000 MW below normal through October, beyond
that who knows.

It was interesting to listen to the CEC explain how California has gone from
a system that didn't allow long-term energy contracts to the current effort
to secure long-term contracts with little capability to manage spot and
short-term transactions.

According to the Cal guys, the state expects to be severely energy
constrained starting in June, even if they manage to have capacity. This is
largely a function of gas supply.

An economist from the Washington State Energy Office said the between 1997
and 2004 Washington has seen a 150 % increase in demand for natural gas. He
said Oregon is up 110% in that same time frame. Apparently much of the supply
to get through this winter is coming from storage which will have to be
replenished, creating a conflict with anticipated generation capability this
summer.

California is starting to discuss an industrial curtailment program for this
summer. Like so many of California's efforts, there is no coordinated effort
around this program.

The CEC said they are bracing for 20-100 hours of blackouts this summer.
While this doesn't sound like a lot, I believe the blackouts  at the end of
the year were only about 5-10 hours ( this is a guess on my part based on
what I recall from news reports).

Jeff


thanx weare getting old.hm is 856-727-1921.but i am
moving soon to my girls.
--- Kevin.Ruscitti@enron.com wrote:
>
> Brett,
>
> I thought I had your home phone #, but I only have
> your work #.  As a
> result,
> I didn't call you this weekend.  Send me your home #
> so I can give you a
> ring.
>
> By the way, Happy 35th birthday.  I hope you had a
> good one.
>
> Kevin

__________________________________________________
Do You Yahoo!?
Get personalized email addresses from Yahoo! Mail - only $35
a year!  http://personal.mail.yahoo.com/


---------------------- Forwarded by Eric Bass/HOU/ECT on 01/30/2001 09:38 AM
---------------------------

From:  Bryan Hull
01/30/2001 09:22 AM

To: Eric Bass/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT, O'Neal D
Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Denver
Plachy/NA/Enron@Enron, reagan_mathews@enron.net, Timothy Blanchard/HOU/EES@EES
cc:
Subject: Game @ 6:00

Let me know if you are going to be there tomorrow or not.


Here are some edits to our letter from socal.  I do not feel they diminsh
the usefulness of the letter, and they moderate the tone a little, as you
would expect.  They also eliminate the lengthy recitation of the procedural
events at the end of the letter.  If this gets them on the letter, I say
let's sign.  I will assume everyone who signed on last week stays on the
letter unless I hear differently from you by 3 pm today.  I really
appreciate the quick turnaround.  Mike Day

-----Original Message-----
From: Wright, Gillian - TP1GXW [mailto:GWright@sempra.com]
Sent: Monday, December 11, 2000 10:26 AM
To: 'mday@gmssr.com'
Subject: Proposed revisions to CSA Letter

Mike,
Here are SoCal's proposed revisions to the CSA letter - I'll call in a
minute.  The edits are pretty extensive, but all along the lines we
discussed (ie changing the tone to a more positive one).

Gillian

<<CSA Letter SCG.doc>>

Gillian A. Wright
Regulatory Case Manager
Sempra Energy
555 W. Fifth St. GT14D6
Los Angeles, CA 90013-1011
(213) 244-3833
(213) 244-8820 fax
gwright@sempra.com

 - CSA Letter SCG.doc


Please find attached the lastest versions of the
Protocols (both clean and redlined versions) and
their cover pleadings. These documents were filed
at the PUCT today.  This is a five part message.

Shari Heino
Corporate Counsel
Electric Reliability Council of Texas, Inc.
sheino@ercot.com      Phone (512) 343-7215    Fax
(512) 343-8134

 - Redlined Protocols.B.zip
 - Filing of Redlined Protocols.doc


Prices in the 27 December 2001 Real-Time market and the 28 December 2001
DAM are correct.
The NYISO is reserving HB 6, 21, and 23 at all four external proxy buses
pursuant to ECA-B.
The NYISO apologizes for any confusion resulting from the one-day delay in
the posting of this notice.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm

---
You are currently subscribed to nyiso_tie as: benjamin.rogers@enron.com
To unsubscribe send a blank email to leave-nyiso_tie-628650Q@lyris.nyiso.com


Highlights:

Direct access customers are exempt from the surcharge.
In giving its first hint on what it will do with the PX credit process, it
said "we will proceed to reexamine and redesign the direct access credit
system to reflect current structural reality."  (Translation - no
market-based PX credits)
Each customer class is allocated an equal 3 cents, plus an amount to cover
the shortfall from having residential usage up to 130% of baseline exempt
from the surcharge (as required by law). Responsibility for residential
subsidy is split one third each to residential, commercial, and industrial
The new rates become effective June 1, and the shortfall from the actual
effective date of the increase, March 27, through June 1 will be amortized
over 12 months.
Residential rate design - 5 tiers put in place.  No increase up to 130% of
baseline (first 2 tiers), rate for fifth tier (above 300% of baseline) is
about doubled.
Non-residential rate design - recommendations to put all of the increase into
summer on-peak were rejected.  About 60% of increase put into summer.
Industrial customers get a bill limiter which caps the average increase for a
given customer to 12.3 cents/kwh for PG&E and 12.9 cents/kwh for SCE.
Real Time Pricing was endorsed - will further explore in workshops starting
later in May.  Voluntary program will be started.
Federal facilities will be subject to a market rate pilot program.
Utilities are directed to specifically state on each bill the energy charges,
including the 3 cent surcharge

Below is a more complete summary of the CPUC decision on the PG&E/SCE rate
increase (prepared by Jeanne Bennett).


Scott

Term sheet for draft contract, as requested.


Attached is a Conversion/Name Change for GATX Terminals Corporation to Kinder
Morgan Liquid Terminals LLC.  For details, refer to the bottom tab "Apr 2001".

Shortname changes for this week will be coordinated with ERMS IT on Friday,
Apr. 20.

Records will be inactivated on 05/01.


hey,

i don't have your phone number at work.  i have some bad news - i'll be flying out 3 days
later than i told you before.  either my booking got screwed up or i never booked the flight!
i think it got lost on the internet some where, but i can't even remember what airline it was
on, so it's impossible for me to check!  just booked a one week flight and i'll be coming
out on the 19th.  i'm still going to take the days off from work and relax in calgary a little,
which is good.

by the way, if you haven't already gotten me something, i thought of a xmas present.
a squash raquet.  lots of people play here and i'm looking to get into it.

number here is 403 974 6946 if you want to chat.

love,
coop


Here is your draft !  !  !

Let me know if you have any questions.

Debra Perlingiere
Enron North America Corp.
Legal Department
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron.com
Phone 713-853-7658
Fax  713-646-3490


I'll call.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 05/25/99 08:54
AM ---------------------------

Susan Flynn
05/24/99 03:57 PM
To: Kenneth D Rice/HOU/ECT@ECT
cc: Sara Shackleton/HOU/ECT@ECT
Subject: Procter & Gamble Non-Reliance Language

 Edward Ondarza asked ECT-Legal to forward to you the attached standard
non-reliance language which appears in all of our ISDA Master Agreements.


Cameron,

Will do....

Jeff, if you want to chat, I'll be happy to meet with you....in person or
via phone.  I've spent the past year and a half in the B-to-B space focusing
on automated and electronic procurement processes.

My number is 650-858-1920.

Best Regards,

Mike D.

-----Original Message-----
From: Cameron Sellers
Sent: Monday, March 20, 2000 1:12 PM
To: Mike Davenport
Cc: 'Jeff Dasovich'; 'Jeff.Dasovich@enron.com'
Subject: FW:

The contact at Haas is Jeff Dasovich and his email address is
Jeff.Dasovich@enron.com.

His work phone number (daytime) is:  (415) 782-7822

Could you please send him the PRD as soon as you get it from Cherryl
tomorrow.

Thank you so much!!

Cameron

Cameron Sellers
Vice President, Business Development
PERFECT.COM
1860 Embarcadero Road - Suite 210
Palo Alto, CA 94303
cameron@perfect.com
650.858.7719 (direct dial)
650.858.1095 (fax)
650.208.9455 (cell)

-----Original Message-----
From:  Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Monday, March 20, 2000 12:14 PM
To: cameron@perfect.com
Subject: RE:

already got the MRD.  Just need the PRD.  Tomorrow's just dandy.


Has unify been changed?  I thought you told me a couple of weeks ago that
everything had been changed.  Please let me know - thanks!
---------------------- Forwarded by Andrea Ring/HOU/ECT on 02/20/2001 12:45
PM ---------------------------

	Enron North America Corp.

	From:  Michael Mousteiko @ ENRON                           02/20/2001 07:22 AM

To: Andrea Ring/HOU/ECT@ECT
cc:
Subject: 12/00 Purchase from Louis Dreyfus (Sitara Deal #453380 & 454386)

I still do not see this adjustment in Unify. What is the status?
---------------------- Forwarded by Michael Mousteiko/NA/Enron on 02/20/2001
07:14 AM ---------------------------

	From:  Michael Mousteiko                           01/29/2001 07:48 AM

To: Charles H Otto/HOU/ECT@ECT, Andrea Ring/HOU/ECT@ECT
cc:

Subject: 12/00 Purchase from Louis Dreyfus (Sitara Deal #453380 & 454386)

Have these deals been corrected in Unify? Please let me know. Thank you.


Gerald,

This is fantastic.  Exactly what we wanted.  I'll have to change some of the
wording in the Article 1:3 section to reflect what we are actually basing the
benchmark on.  It isn't a simple, one day price, it is actually a multi-year
swap price beginning on the start date of the agreement.  I'll make those
changes and get it back to you.

Andrew

Gerald Nemec@ECT
02/27/2001 04:10 PM
To: Andrew Miles/NA/Enron@Enron
cc:
Subject: StageCoach LOI

Andrew,  Attached is the form of LOI for your review.


I show now two Smurfit Deals,

403522 for 25 flat, at 54.65,    and 246859.1 for 15  hlh, AND 25 hlh,   and
246859 for 15 llh AND 25 llh.

I have zeroed out the 25's from 246859 in Scheduling, and we are flat now.  I
did not change it in the deal because we were calcing, and I want to check
with Diana first before doing it.

What I show in Scheduling is a sale to Smurfit for 40 mw flat, which is what
is actually scheduled


plz call when u can. thx, jeff 415.782.7822


"You cannot be dependent upon your eyes when your imagination is out of
focus.8 - Mark Twain

Watch the Enron Building lobby on Wednesday, April 25th, from 11:30am to
1:00pm for information on some of
Enron's new innovative businesses.  You'll have the opportunity to meet
various business representatives and discuss
their products and services from the creative minds of our employees.  Watch
for Vince Kaminski
who will be present during this exciting exchange of information.

Featuring:
Deal Bench, enron.credit.com, Weather Risk Management, Enron Trading Game and
Xcelerator

Word of the Day
cerebration \ser-uh-BRAY-shun\, noun:
The act or product of thinking; the use of the power of reason; mental
activity; thought.


Due to ISO computer problems the Hour Ending 0600 Ex-Post price for
08-27-2001 is not correct.  The 10 minute interval prices for interval 5 and
6 are also incorrect.  The correct Ex-Post price for Hour Ending 0600 will
be posted with in the next 96 hours. . Sent by Market Operations.

The system conditions described in this communication are dynamic and
subject to change.  While the ISO has attempted to reflect the most current,
accurate information available in preparing this notice, system conditions
may change suddenly with little or no notice.


As you may recall we have been arguing with the MN Dept. of Revenue for years
over whether or not natural gas used as a compressor fuel was subject to the
Minnesota use tax.  Great Lakes has been in court with the DOR over this same
issue.  Today I received the following, which is an internal memo that was
circulated in the Dorsey & Whitney law firm, which has been representing
Great Lakes announcing a favorable ruling.

---------------------- Forwarded by Lon Stanton/ET&S/Enron on 11/21/2000
10:54 AM ---------------------------

"Ahern, Michael" <Ahern.Michael@dorseylaw.com> on 11/21/2000 10:18:28 AM
To: "Stanton, Lon (E-mail)" <lstanto@enron.com>
cc:

Subject: FW: Litigation News

Lon, thought you might be interested in this.

>  -----Original Message-----
> From:  Buckvold, Bob
> Sent: Tuesday, November 21, 2000 9:04 AM
> To: TRT All; Dirks, Katy; Frederick, Gloria; Snow-Samanant, Julie;
> Starkey, Melissa; Hinkley, Sally
> Subject: Litigation News
>
>  In a successful collaboration between the Tax Department and the
> Trial Department, Jack Windhorst and Chris Shaheen went to trial in
> Minnesota Tax Court and obtained a $1.5 million judgment for our client,
> Great Lakes Gas Transmission Ltd. Partnership.  Great Lakes transmits
> natural gas on behalf of shippers through an interstate pipeline system
> that runs through various states, including Minnesota.  The pressure of
> the gas decreases as it moves through the pipeline system.  Great Lakes
> has five compressor stations along its pipeline in Minnesota,  at which
> separators and compressor engines refine the gas and increase the pressure
> of the gas so that it will continue to flow through the pipeline.  Some of
> the natural gas in the system is burned as fuel by the compressor engines.
>
>  The Minnesota Commissioner of Revenue determined that Great Lakes
> must pay "use tax" for the compressor fuel gas and, in a 1998 Order,
> denied Great Lakes' claim for a refund of use taxes paid in 1994 and 1995.
> At a two day trial in February, Great Lakes presented fact and expert
> testimony supporting its contention that the compressor fuel was consumed
> in "industrial production" and therefore was exempt from taxation under
> the "industrial production exemption."  The Commisioner argued that Great
> Lakes was simply transporting the gas and therefore did not qualify for
> the exemption.  After extensive post-trial briefing, the court issued an
> opinion on November 16 reversing the Commissioner's Order and entering
> judgment for Great Lakes.  The decision should result in millions of
> dollars in additional savings for Great Lakes for tax years not directly
> at issue in the case.
>


As you probably all know, we are on the verge of launching credit derivatives
trading in Europe and North America, both on Enron Online and off-line.  This
will involve quoting prices for buying and selling bankruptcy protection in
respect of reference entities, many of whom are our counterparties in a
variety of different commercial and financial contexts.

This exciting cocktail of credit derivatives and Enron Online raises
significant novel legal risks for Enron.  Probably the most significant risk
arises where Enron has confidential information about a reference entity and
wrongfully uses that information in pricing the credit derivative on that
entity.  This could well result in legal proceeding against Enron.  In
practice, an allegation of misuse of confidential information can be very
difficult indeed to defend without adequate procedures in place to safeguard
that information.

Against this background is the ever-present risk of "insider dealing".  This
crime - which carries a maximum prison sentence of 7 years and an unlimited
fine - is committed where a person (or member of their family etc) deals in
the securities (shares or bonds) of a listed company on the basis of
unpublished (confidential) price-sensitive information.  In addition, SFA
rules require the safeguarding of confidential information, the misuse of
which is a serious disciplinary matter.

In order to ensure the success of this new business, we are now introducing
new policies and procedures (attached) which include a simple Restricted List
procedure.   In essence they require you -

to take prudent steps to safeguard confidential information within Enron
to notify Michael Brown, Mark Elliott or myself if you become aware of
confidential information (or circumstances) about a counterparty which you
think might make it appropriate for that counterparty to be placed on the
Restricted List.

To make life easier, numerous examples of the types of information which
might be relevant are set out in the attached procedures,  so please
familiarise yourself, and anyone else in your group you think appropriate,
with them.  As you will see, you are not expected to make difficult
determinations about whether an entity should or should not be added to the
Restricted List, just to let us know if you think there is a possibility that
it should be added.  We will also provide quick briefing sessions to ensure
that each of you is comfortable with these new procedures.

  Many thanks for your co-operation.


Send this to someone.

-----Original Message-----
From: "donreid1" <donreid1@email.msn.com>@ENRON
Sent: Tue 7/17/2001 10:12 AM
To: lavorato@enron.com
Cc:
Subject: Marketing 1000 MW / APEL

Dear John,

 My colleagues and I are working with Australian Power  and Energy Limited (APEL) that is developing a $3 billion synfuel and power  plant project in the Latrobe Valley of Australia in Victoria using brown  coal.

 The power plant project will be 1,000 MW.  Part of the synfuel production will be  clean-burning diesel fuel of about 35,000 barrels a day (worth about  $400,000,000 a year at today's prices).

 APEL was wondering whether Enron could have an interest  in marketing the power and/or the diesel fuel.  APEL also would be open to suggestions  should Enron wish to be involved in other ways.

 The principals APEL are in Houston this week and could  meet with Enron this Thursday afternoon, 19 July.

 John, would or your colleagues like to meet with APEL  this Thursday, and if so, what time and where would be convenient?

 Thanks and Best Regards,

 Don Reid

Managing Director

Global Finance Corporation

Tel   847-835-9000

Cell 713-705-4459

donreid1@msn.com


Jeff,

Congratulations on your promotion; it was certainly well deserved.  As a
happy, very minor, Enron shareholder I'm delighted.

Regards,

Brad
 - Farnsworth, Brad (E-mail).vcf


USA: US FERC probe finds no Calif. market abuse by utilities.
Reuters English News Service, 11/01/00

US FERC To Order Sweeping Changes For Calif Pwr Market
Dow Jones Energy Service, 11/01/00

U.S. to Decide Action on State Energy Crisis Utilities: Regulators today will
release plans for tackling electricity costs. Potential solutions include
price caps, moves to foster competition.
Los Angeles Times, 11/01/00

USA: US FERC probe finds no Calif. market abuse by utilities.

11/01/2000
Reuters English News Service
(C) Reuters Limited 2000.

WASHINGTON, Nov 1 (Reuters) - The Federal Energy Regulatory Commission on
Wednesday said in a report that California utilities were not necessarily to
blame for last summer's price rises, which led to an unravelling of the
state's move to deregulate retail power markets.
A FERC staff investigation, which was to be released in full later on
Wednesday, found California's market structure and rules "flawed," which
combined with tight supplies caused the price of electricity to rise to
record highs in both wholesale and retail markets.
FERC has proposed rule changes to fix the operations of the California
Independent System Operator (ISO) and Power Exchange (PX). The draft changes
would eliminate the need for Pacific Gas and Electric, San Diego Gas and
Electric and SoCal Edison from having to sell into or buy from the power
exchange.
Other highlights from the proposal include establihshing an independent,
non-stakeholder to oversee the ISO and PX; modifying the auction market; new
reporting requirements; and accelerating new siting of power generation
facilities and eliminating some environmental impediments to new plants.
If approved by the full commission at its Wednesday meeting, the changes
would become effective in 60 days. California regulators and industry
officials have until Nov. 22 to comment on FERC's proposed changes.

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

US FERC To Order Sweeping Changes For Calif Pwr Market

11/01/2000
Dow Jones Energy Service
(Copyright (c) 2000, Dow Jones & Company, Inc.)

WASHINGTON -(Dow Jones)- The U.S. Federal Energy Regulatory Commission
Wednesday proposed sweeping structural changes for California's
problem-plague power market.
The commission proposed the changes in response to a staff investigation
report, unveiled Wednesday, which found no "smoking gun" evidence that power
sellers in the state had manipulated market prices to financial benefit.
Instead, FERC blamed the state's mandated market structure for the
electricity supply shortages and spiking wholesale power prices passed on to
retail customers in San Diego.
At the same time, utilities elsewhere in the state hemorrhaged hundreds of
millions of dollars due to a state-mandated rate freeze that required them to
sell power at below cost.

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

Business; Financial Desk
U.S. to Decide Action on State Energy Crisis Utilities: Regulators today will
release plans for tackling electricity costs. Potential solutions include
price caps, moves to foster competition.
CHRIS KRAUL
TIMES STAFF WRITER

11/01/2000
Los Angeles Times
Home Edition
C-1
Copyright 2000 / The Times Mirror Company

The fate of California's rocky experiment in electricity deregulation hangs
in the balance today as federal regulators meet to decide whether to
intercede in the state's dysfunctional $23-billion energy market or to let
free-market forces continue to wreak havoc.
The four-member Federal Energy Regulatory Commission will release a
long-awaited staff report analyzing the root causes of California's energy
crisis and, more important, issue a draft order or action plan on how to
solve the problems of runaway wholesale electricity costs.
During public hearings in San Diego in September, FERC Chairman James J.
Hoecker promised that the commission would take action and "do whatever it
takes" to repair California's electricity market, whose deregulation was set
in motion by landmark state legislation in September 1996.
Just what the report and order will say remained a matter of intense
speculation on the eve of their release. The FERC commissioners could impose
new price caps or order an overhaul of the California Power Exchange and the
Independent System Operator, the state agencies that conduct daily auctions
for electricity. The commissioners may ask the state to undertake new
initiatives to foster more competition in a retail power market still
dominated by the three big investor-owned utilities.
But an indictment of power generation companies--which some in the state
accuse of "gaming," or manipulating the system to wield unfair "market power"
and wringing excessive profits from customers--is unlikely, according to
published reports and state industry principals and government officials.
The FERC commissioners are said to blame market deficiencies and defects in
California for a supply-demand imbalance that sent wholesale electricity
prices skyrocketing in July to an average of 12.9 cents a kilowatt-hour, more
than triple the July 1999 average of 3.9 cents. A typical residential
customer of San Diego Gas & Electric, the first state utility to fully
deregulate, saw his or her bills triple before state legislators stepped in
to cap retail rates in August.
Just as worrisome to many observers is that wholesale electricity rates
remain sky-high today, even after the end of peak summer power demand.
Wholesale rates in October averaged about 10 cents a kilowatt-hour, double
the average cost a year ago, said Patrick Dorinson, a spokesman for the
Independent System Operator.
In any case, billions of dollars of investments as well as the political
careers of prominent California politicians could be affected by what FERC
does. U.S. Energy Secretary Bill Richardson is coming out from Washington to
hold a news conference with Gov. Gray Davis in Sacramento this morning to
announce new, unspecified initiatives to address California's electricity
problems.
The Davis administration has gone on record demanding that FERC, which
oversees the transmission and wholesale selling of electricity around the
country, to step in and discharge its legal duty to restore "just and fair"
electricity rates in California. The ballooning of electricity rates in San
Diego during the summer created a political firestorm that raged unabated
until the state Legislature imposed its caps.
Rates paid by retail customers in the Southern California Edison and Pacific
Gas & Electric coverage areas are frozen as well for the time being. But $5
billion in "undercollections"--the difference between what the investor-owned
utilities have paid for wholesale electricity this year and what they can
charge consumers--looms overhead, worrying Wall Street.
"I have no idea what the FERC will say," said state Public Utilities
Commission President Loretta Lynch, a Davis appointee who says she is as much
in suspense as anyone. "But we are expecting a substantial order that would
move the ball forward on repairing the wholesale market in California."
Consumer advocates and the state's major utilities would like to see FERC
impose some sort of wholesale price controls--even gut the Power Exchange and
the Independent System Operator because they are clearly not working as
intended.
"We expect some radical surgery," said Doug Kline, spokesman for Sempra
Energy, the parent of San Diego Gas & Electric.
Some consumer groups would like to see FERC declare the wholesale rates
collected by generators "unjust and unreasonable," legal code words that
would open the gates to actions by the PUC or the Legislature to force the
power companies to disgorge or refund excessive profit. Such an action, which
would lead to litigation by the power companies, is considered unlikely.
Business interests, including the power generators that have reaped enormous
profit from the dysfunctional market, are arguing to let free-market forces
prevail because restrictive price caps would abort the market's evolution and
possibly stifle construction of new power plants, which offer the best
long-term solution to the state's predicament.
"We expect that the FERC will find that the high prices of this past summer
are a result of supply-and-demand imbalance and market design defects on the
retail and wholesale side, but that the market participants have been playing
within the rules and that there has been no manipulation or gaming," said
Brent Bailey, general counsel of Duke Energy North America of Houston, a
major generation player in the California market.
Duke and others also strenuously oppose a solution proposed by the state's
municipal utilities, notably the Los Angeles Department of Water and Power:
that the industry in essence be re-regulated by imposing a system of
cost-based rate controls, similar to how electricity rates were set before
deregulation.
Such a move would lead to lawsuits filed by Duke and other power merchants
alleging "confiscatory" actions by the state nullifying the value of hundreds
of millions of dollars they have invested in California power plants. Bailey
favors temporary price caps until the market regains its balance, as well as
new tweaking of the power market to stir up competition.
Los Angeles DWP General Manager S. David Freeman, who has led calls for
temporary imposition of cost-based rates, said California's failed
deregulation experiment raises the possibility that electricity is
intrinsically an "un-deregulatable" service.
"Three years ago, I thought it would work. Then we had a train wreck," he
said. "I'm not committing heresy when I say that I think it may not work out."

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


This was one of a slew of deals that one of our schedulers ran across that
had the wrong time zone in the strips. According to Duong Luu, there was an
EOL application error that was incorrectly populating deals that flow over
4/1/01 - the first of day of Daylight Savings Time. Duong said the error has
since been fixed. But for the incorrect deals, we had to go in and change all
the strips back to PPT and re-save the deals so the time zones would populate
correctly. Hope this doesn't cause too much confusion - but nothing should
change other than that the MWH will be flowing on the correct hours now. Let
me know if you have any questions.

Thanks,
Kate

Stephanie Piwetz   03/27/2001 02:59 PM

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

Subject: Deal 318870.01, inquiry

Kate, checking on deal  318870.01, it is an EOL deal and looks like it has
been changed.  Once an EOL trade is transacted we are not suppose to change
the deal.  Please let me know why the ch took place.

Thanks
Stephanie


Kay -- Do you know if David H. is going to give you comments?  If you haven't
heard for sure, one of us will call Marvin and find out/coordinate.  Just
don't want to call if this has already been discussed with them.

Is there anything else at this stage that we can do to help your efforts on
the Extension or the main agreement?

Thanks  -- David

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 9:26 AM
To: Fairley, David
Cc: Rorschach, Reagan; Kroll, Heather; Sacks, Edward; May, Tom; Coulter, Kayne
Subject: RE: Extension letter

Sounds good if you would like to forward to counter parties.

I've sent a draft to their counsel all ready (D Hunt and Hemleben).

ckm

From: David Fairley/ENRON@enronXgate on 05/29/2001 09:10 AM
To: Kay Mann/Corp/Enron@Enron, Reagan Rorschach/ENRON@enronXgate, Heather
Kroll/ENRON@enronXgate
cc: Edward Sacks/ENRON@enronXgate, Tom May/ENRON@enronXgate, Kayne
Coulter/ENRON@enronXgate

Subject: RE: Extension letter

Kay -- Looks fine.  Unless anyone else has changes, would it be possible to
send it out today?  Thanks -- David

 -----Original Message-----
From:  Mann, Kay
Sent: Tuesday, May 29, 2001 8:00 AM
To: Rorschach, Reagan; Fairley, David; Kroll, Heather
Cc: Sacks, Edward; May, Tom; Coulter, Kayne
Subject: Extension letter

1st thing 1st.  Here's a draft of the extension letter:

 << File: MDEA ILA extension May 29.doc >>

Kay


Dan Leff's contact info for 12/22-12/30
Cell - 713-560-1508
Lake Placid - 518-523-1373 or Line 2 - 518-523-9870


---------------------- Forwarded by Liz Prior/CAL/ECT on 05/24/2001 08:58 AM ---------------------------

cathie.legge@alliance-pipeline.com on 05/24/2001 07:59:01 AM
To:	AllianceShippers@alliance-pipeline.com
cc:
Subject:	AOS for May 25th has changed, it is 20%

Cathie Legge
Customer Service Rep
Alliance Pipeline
Ph: (403) 517-6585
Fax: (403) 234-7040
Email: cathie.legge@alliance-pipeline.com


CALENDAR ENTRY:	REMINDER

Description:
	Monica - Vacation

Date:		10/14/2000
Time:		8:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


(See attached file: HPLN0126.xls)

 - HPLN0126.xls


-----Original Message-----
From: Brownfeld, Gail
Sent: Thu 6/7/2001 11:37 AM
To: Walls Jr., Rob
Cc:
Subject: FW: Bombay High Court -WP - DPC

        Ask and ye shall receive.....
 -----Original Message-----
From:   Kraske, Paul
Sent:   Wednesday, June 06, 2001 11:24 PM
To:     Mathis, Robert; lbrasher@skadden.com
Cc:     Lundstrom, Bruce; Brownfeld, Gail
Subject:        Bombay High Court -WP - DPC

Robert-
I imagine White & Case wants to review this.  Don't know if an electronic copy will suffice.  If it looks like they need a hard copy, we can fed ex one to Singapore or scan it here and email it out.  Let me know what you think.

Paul
---------------------- Forwarded by Paul Kraske/ENRON_DEVELOPMENT on 06/07/2001 09:52 AM ---------------------------

Suhas Tuljapurkar
06/07/2001 09:35 AM
To:     Paul Kraske/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Pancharatnam Ramaswamy/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Amit Khansaheb/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

cc:     Cecilia Almeida/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject:        Bombay High Court -WP - DPC

I am forwarding soft copy of the WP ( Lodging No.1376/2001) as filed before the High Court.
Instead fo scanned copies, i think this would suffice.
Thanks & Regards.......Suhas.
---------------------- Forwarded by Suhas Tuljapurkar/ENRON_DEVELOPMENT on 06/07/2001 09:32 AM ---------------------------

"Bhaishanker Kanga & Girdharlal" <baikagir@bom7.vsnl.net.in> on 06/06/2001 07:12:29 PM
Please respond to "Bhaishanker Kanga & Girdharlal" <baikagir@bom7.vsnl.net.in>
To:     <Suhas.Tuljapurkar@enron.com>
cc:

Subject:        Bombay High Court -WP - DPC

As desired by you am enclosing Petition filed in  court today in divided in 3 parts:

(1)    Index &  Synopsis.
(2)    Petition, Vakalatnama, M/A  and List of Document
(3)    Exhibits (A to  O).

Please acknowledge receipt.

Suvarna

 - d877-smt-dpc-index-synopsis.doc <<d877-smt-dpc-index-synopsis.doc>>
 - d877-smt-dpc(f).doc <<d877-smt-dpc(f).doc>>
 - d877-smt-dpc-exh.doc <<d877-smt-dpc-exh.doc>>


I don't think I am in the market for any stereo equipment.  But I was
thinking about trying to sell that land we apparently have through mom.  What
do you think?  I will never use it.  Let me know.

DG


Good afternoon Sandeep:

I sent Krishna's expenses for his recent trip to our accounting dept. this
morning and expensed them to the Research Group's Co and RC#.
However, we need to be reimbursed for these expenses and I would like
to know the best way to do this.  Our accounting dept. thought we should
just send an invoice with the back up material to Dabhol Power Co. asking
them to cut a check made payable to Enron Corp. and then it would be
credited to our Co# and RC#.

Please let me know if this is acceptable, and if so, who the invoice should
be made out to and where I should send it.

I appreciate your assistance in this matter.

Have a great day!

Shirley Crenshaw
713-853-5290


I am Just bored today!  But I am curious about your love connection on
Matchmaker.com?  Are you working any woman? Texas is favored by 9...are you
going to watch the game anywhere on saturday..it is a 6pm?

Later
Joey


Vince:  I don't think that you could have summarized the situation any
better!!!   I will be happy to respond to Neil as you suggested.

Thanks,
Molly

Vince J Kaminski
01/24/2001 11:02 AM
To: Molly Magee/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT
Subject: Re: L1 Visa - Anshuman Shrivastava

Molly,

Thanks for the update. Two points.

Please, let Neil McGregor know that many possible proposals were floated
with regard to Anshuman and there was some noise in the system.
We need L1 visa anyway and we decided to go ahead an arrange it.
I shall also write to him and explain the confusion.

Also, if I have the choice between upsetting Neil or Jeffs (Shankman and
Skilling),
I shall choose Neil.

Vince

	Enron North America Corp.

	From:  Molly Magee                           01/24/2001 10:13 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: L1 Visa - Anshuman Shrivastava

Vince:  Apparently Neil McGregor became upset when he received Margaret
Daffin's email.    He is saying, however, that Anshuman will only be in
Houston for one month, and you had mentioned six months when we spoke
earlier.   It really doesn't make any difference since he will need to get an
L1 visa under either circumstance, but I thought you might want to see his
email.

Molly
---------------------- Forwarded by Molly Magee/HOU/ECT on 01/24/2001 10:09
AM ---------------------------

Margaret Daffin
01/24/2001 09:57 AM
To: Molly Magee/HOU/ECT@ECT
cc:
Subject: Re: L1 Visa - Anshuman Shrivastava

Molly:  per our conversation today.  Please let me know the status so that I
can proceed with the visa process.
Thanks
Margaret

---------------------- Forwarded by Margaret Daffin/HOU/ECT on 01/24/2001
09:56 AM ---------------------------

Neil McGregor@ENRON_DEVELOPMENT
01/24/2001 05:18 AM
To: Margaret Daffin/HOU/ECT@ECT
cc: Wade Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: L1 Visa - Anshuman Shrivastava

Anshuman is not moving or immigrating to the US. We are allowing him to work
for a 1month assignment in the US with Enron. Please carry out the necessary
approvals and visa's on this basis.
Neil McGregor
CEO Dabhol Power

Margaret Daffin@ECT
01/23/2001 10:31 PM
To: anshuman.srivastav@enron.com
cc: Molly Magee/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Jane
Allen/HOU/ECT@ECT, Timothy Callahan/NA/Enron@Enron, Ranendra
Sengupta/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Neil
McGregor/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ECT, Harsimran
Singh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: L1 Visa - Anshuman Shrivastava

Anshuman:  I have been asked to contact you regarding your possible move to
Houston, Texas.  In order that I may begin the process of getting you an L1
immigration visa, I will need you to complete the attached visa questionnaire
and return it to me with copies of the following documents:

a copy of all pages of your passport, even if blank
copies of all previous US visas issued
an updated resume, showing months and years
copies of all Diplomas and transcripts received
if you have dependent family members coming to the States with you, copies of
their passports

Please send to my attention, via Fedex to:

Enron Corp.
3 Allen Center, 3AC2026A
333 Clay Street
Houston, TX 77002

Please call me with any questions you may have at 713-345-5083.


----- Forwarded by Steven J Kean/NA/Enron on 03/02/2001 12:28 PM -----

	Suzanne_Nimocks@mckinsey.com
	Sent by: Carol_Benter@mckinsey.com
	03/02/2001 12:04 PM

		 To: skean@enron.com
		 cc:
		 Subject: California Power Markets

Sorry that we haven't talked in some time.  I thought that you would want
to take a look at some analysis we have recently completed with regard to
the California Power Crisis.  You may find some of the analysis to be
helpful.  Let me know if you have any questions.

(See attached file: 10209 zxd414.ppt)

+-------------------------------------------------------------+
| This message may contain confidential and/or privileged     |
| information.  If you are not the addressee or authorized to |
| receive this for the addressee, you must not use, copy,     |
| disclose or take any action based on this message or any    |
| information herein.  If you have received this message in   |
| error, please advise the sender immediately by reply e-mail |
| and delete this message.  Thank you for your cooperation.   |
+-------------------------------------------------------------+
 - 10209 zxd414.ppt


I will be in the Chicago office on Monday, July 31.  I will be sorry to miss
a lunch at Brennan's!  Enjoy  it without me.  --Sally

Shannon Adlong@ENRON
07/25/2000 10:51 AM
To: Melissa White/Enron Communications@Enron Communications,
stephen_schwarz@enron.net, Mary Lynne Ruffer/HOU/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Terrie Wheeler/GPGFIN/Enron@ENRON, Cynthia
Morrow/Corp/Enron@ENRON, Mark Frank/HOU/ECT@ECT, Wes Colwell/HOU/ECT@ECT
cc: John E. Sorrells@us.arthurandersen.com, Shannon
Adlong/AA/Corp/Enron@ENRON, Kate Agnew/AA/Corp/Enron@ENRON, John D
Harrison/AA/Corp/Enron@ENRON, Danny Rudloff/AA/Corp/Enron@ENRON, Dortha
Gray/GPGFIN/Enron@ENRON, Loretta Pena/AA/Corp/Enron@ENRON, Shirley
Tijerina/Corp/Enron@ENRON
Subject: ENA SAP Lunch

This lunch has now been scheduled for Brennan's beginning at 11:45 am on July
31st (same date).  Please RSVP to me if you will be able to attend.  The
reservations will be in Julie Nickell's name in the Map room.  Thanks.

	Julie Nickell@ENRON
	07/21/00 01:11 PM

		 To: Melissa White/Enron Communications@Enron Communications,
stephen_schwarz@enron.net, Mary Lynne Ruffer/HOU/ECT@ECT, Sally
Beck/HOU/ECT@ECT, Terrie Wheeler/GPGFIN/Enron@ENRON, Cynthia
Morrow/Corp/Enron@ENRON, Mark Frank/HOU/ECT@ECT, Wes Colwell/HOU/ECT
		 cc: John E. Sorrells@us.arthurandersen.com, Shannon
Adlong/AA/Corp/Enron@ENRON, Kate E. Agnew@ANDERSEN WO, John D.
Harrison@ANDERSEN WO, Danny D. Rudloff@ANDERSEN WO
		 Subject: ENA SAP Lunch

In order to express our sincere appreciation to all of you who worked so
diligently with us during the North America SAP project, we would like to
invite you to join us for lunch at Ruggle's on Westheimer on Monday, July
31st.  Please RSVP to Shannon Adlong at 36048.  Should this date not
accommodate your schedules, we will endeavor to find another suitable
alternative.

Thank you.


I haven't seen the originals.  I can send you an email which has the name of
the files, but I do need them printed so that the footer appears with the
name as opposed to the temp file number.

Thanks!

Kay

From: Suzanne Adams@ECT on 01/11/2001 01:42 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: CA Energy Development

I told them to bring the originals back to you because I thought you needed
them.  Do you have them so I can come get them and do this for you.

	Kay Mann@ENRON
	01/11/2001 01:35 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: CA Energy Development

Suz,

Please print four sets of originals of each of the documents you faxed this
am (name in footers).

Thanks,

Kay


Tana:

Statoil Energy Trading, Inc. is authorized to trade all U.S. power products.

Avista Corporation-Washington Water Power Division is authorized to trade all
U.S. West power products, but Enron can sell only to Avista (S) for U.S. East
power products.

Texla Energy Management Inc. is NOT authorized to trade any U.S. power
products.

************************************8
Statoil will trade pursuant to existing Master agreement

Avista will trade in the West pursuant to the WSPP and in the east pursuant
to the on-line GTCs.

Texla was restricted by credit.  Furthermore, we do not have a current
trading relationship with this CP, and it is not on the lists of FERC
approved power marketers.

Leslie


Mike Day believes that SCE might agree to a new Stipulation in which they commit to pay our claim if their new deal and their pending Advice Letter are approved by the CPUC.  I have scheduled a call for tomorrow at 12:30 CST to discuss the terms we would like to see in the Stipulation (e.g., drop approval of the Advice Letter as a condition, payment within 10 days after CPUC approval, agreement on the number set forth in our response to their Data Request, agreement to apply accrued negative CTC credits to current T&D charges, to name a few).   On the other hand a delay in this proceeding is probably in our interest, in view of the SCE Counterclaim.  Going this route would probably be in lieu of some of the other alternatives we discussed, so I believe we will need to get senior management't approval to any agreement.


Virendra,

Let me know when you are available to discuss the Gas Daily GRMS logic.  It
is my understanding that GRMS currently will only include those gas daily
deals that are intramonth deals with an effective date greater than the
current date.  However, we should also include any deals in out months that
are fixed price gas daily deals.

Thanks,
Robin
x57478


Steve,

I'll be back in Houston the week of 21 Oct to discuss opportunities that might exist following my return from EBS Europe.  I'm meeting with Greg, Jim and others and I'd very much appreciate some of your time that week, if you are available.  I'll be glad to provide more details at that time.  Thanks and regards.

Ron Slimp
Director, IP Trading
Enron Broadband Services
Tel: 44 20 7937 4892
Mobile:  44 777 570 3525
ron.slimp@enron.net


Mark,

This looks fine.

Kim.

 -----Original Message-----
From: 	McConnell, Mark
Sent:	Tuesday, November 13, 2001 6:52 PM
To:	Cherry, Paul
Cc:	Watson, Kimberly
Subject:	email to USG confirming our decision not to require more LOC $

Rob Cooper (of US Gypsum) asked me to send him an email concerning our decision to not to force USG to provide the remaining 8 months of LOC and also asked me to verify a couple of other points.  Below is my reply.  Please let me know if you have any comments.  Paul, please provide the dollar amount needed in the blank below.
______________________________________________________________--

Rob,

After reviewing the current status of United States Gypsum Company and Transwestern's status as a creditor of Administrative Claims, we will not proceed in seeking the additional $___________ letter of credit (worth approximately 8 months of reservation charges).  The current letter of credit valued at $__________ is sufficient.

Also, our timing for the completion of the Red Rock Expansion that will make this capacity available is still on schedule for June 1, 2002.  In our latest discussions with SOCAL, they have indicated that their expansion of the SOCAL Needles delivery point will be completed by that time.  It would probably be best for you to discuss this with them yourself to verify its availability completely and thoroughly.

Please call me if you have any additional questions.

Best regards,

Mark

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com


User iD:  enronden
PW:       bnaweb22

 -----Original Message-----
From: 	"BNA Highlights" <bhighlig@bna.com>@ENRON
Sent:	Monday, November 26, 2001 11:20 PM
To:	BNA Highlights
Subject:	Nov. 27 -- BNA, Inc. Daily Environment Report

______________________________

DAILY ENVIRONMENT REPORT
Highlights & Table of Contents
November 27, 2001
______________________________

ISSN 1521-9402

Registered Web subscribers can access the full text of these
articles by using the URL link supplied.

Information about becoming a subscriber or signing up for a
FREE Web trial is available at http://web.bna.com or call
BNA Customer Relations at 1-800-372-1033, Mon. - Fri. 8:30
am - 7:00 pm (ET).
__________

HIGHLIGHTS
__________

EPA DELAYS PLAN TO STREAMLINE REGULATIONS FOR TREATING
WASTEWATER

A final rule to streamline regulations governing the
wastewater pretreatment program will be delayed until 2003
to allow EPA time to obtain and review additional
information pertaining to the regulation, according to the
director of the EPA Office of Wastewater Management. He says
that in addition to needing more information on the question
of acidity, the agency has had to divert resources away from
the rulemaking to other areas. EPA proposed changes to its
national pretreatment program in July 1999 to provide some
regulatory relief to industrial users and the publicly owned
treatment works into which they discharge wastewater. . . .
Page A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9r2m4_

QUICK ACTION SET FOR PROPOSED HAZMAT TRANSPORT LOADING,
UNLOADING RULE

Despite industry opposition, the Department of
Transportation intends to move "as expeditiously as
possible" on a proposed rule clarifying hazardous materials
transportation regulations on loading, unloading, and
storage. In a notice slated for publication today, the
department's Research and Special Programs Administration
extends until Feb. 1, the comment period on the proposed
rule. Citing security concerns in the aftermath of the Sept.
11 terrorist strikes, hazardous materials industry groups
asked DOT to withdraw the proposed rule, arguing that the
proposal poses security problems. . . . Page A-1

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q1t5_

FUGITIVE EMISSIONS NOT COUNTED TO DETERMINE MAJOR AIR
POLLUTION SOURCES

EPA no longer will count certain fugitive emissions of
nitrogen oxides, sulfur dioxide, particulate matter, and
other air pollutants considered nontoxic in determining
whether a facility is a "major source" of air pollution
subject to state operating permit programs. Fugitive
emissions are those that are not emitted from smoke stacks,
process vents or storage tanks. EPA says fugitive emissions
of toxic air pollutants will still be counted to determine
whether they are major sources. The decision will allow EPA
to grant full approval to Arizona and New York for their
operating permit programs. . . . Page A-3

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9p5c8_

REPORTING GUIDANCE PUBLISHED FOR MONITORING UNREGULATED
CONTAMINANTS

EPA issues reporting guidance for drinking water systems to
submit to the agency the results of monitoring, surveys, and
other assessments of unregulated contaminants.  The guidance
includes schedules for monitoring based on the size of a
drinking water system, on the source of the water, and on
the likelihood of finding unregulated contaminants. It also
contains guidelines for sampling and procedures for entering
data into EPA's national database. The data, required under
the 1996 amendments to the Safe Drinking Water Act, will be
used to determine whether EPA will study further or develop
regulations for a list of contaminants developed in 1999. .
. . Page A-6

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q1d4_

FORMER EPA OFFICIAL NAMED TO SOLID WASTE, EMERGENCY RESPONSE
POST

EPA names a former senior agency official to the post of
associate assistant administrator for solid waste and
emergency response. Thomas Dunne is appointed to the
position in the Office of Solid Waste and Emergency
Response, where he will work under Marianne Lamont Horinko,
the assistant administrator for that office. . . . Page A-7

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9u3x5_

SENATE DEMOCRATS FINISHING ENERGY LEGISLATION FOR
INTRODUCTION THIS WEEK

The Democratic authors of a comprehensive energy package
that may include contentious vehicle fuel efficiency
standards and measures for greenhouse gas reductions expect
Senate Majority Leader Daschle to introduce the legislation
as early as Thursday. Meanwhile, Senate Republican leaders
are threatening to attach their own energy bill to every
piece of legislation that reaches the Senate floor. . . .
Page A-3

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9r0y3_

FBI ALERT ASKS OIL, GAS COMPANIES FOR EXTRA PRECAUTIONS
AGAINST TERRORISM

The FBI asks the nation's oil and gas companies to be on
heightened alert for possible retaliatory terrorist attacks.
Terry Boss, vice president for environment and safety with
the Interstate Natural Gas Association of America, confirms
receiving the FBI alert and forwarding it to members.
Attorney General Ashcroft refers to an "uncorroborated
report of undetermined reliability about natural gas"
received "maybe 10 days or close to two weeks ago." . . .
Page A-2

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q5j8_

__________

STATE NEWS
__________

OREGON: The petroleum underground storage tank program is
shifting its focus from conversions of old tanks to the
inspection of new tanks, according to Oregon's Department of
Environmental Quality.  In operation since 1985, the program
is responsible for the closing of some 26,000 underground
tanks. Currently, the department holds permits for 6,077
tanks. About 300 underground tanks still need to be removed,
says the director of the state program. With the conversion
and decommissioning of older tanks nearly completed, the
department will now emphasize the safe operation of new
tanks. . . . Page A-4

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9h3f2_

MINNESOTA: An alfalfa-processing plant remains closed almost
two weeks after the Minnesota Pollution Control Agency
ordered it shut because of its alleged failure to meet the
legal limits for dust. The plant, which is owned by the
Minnesota Valley Alfalfa Producers in Priam, could be
operating again within days, according to the cooperative's
general manager. He says the plant is in the process of
being upgraded to enable it to meet the standards. . . .
Page A-4

http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y7j3v9_

_________________

TABLE OF CONTENTS
_________________

NEWS

AIR POLLUTION
   Fugitive NOx, SO2 emissions no longer counted in
   determination of major sources . . . Page A-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9p5c8_

DRINKING WATER
   EPA publishes reporting guidance for monitoring
   unregulated contaminants . . . Page A-6
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q1d4_

ENERGY
   Senate Democrats finishing legislation to present to
   majority leader, aides say . . . Page A-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9r0y3_

EPA
   Former senior agency official named to solid waste,
   emergency response post . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9u3x5_

HAZARDOUS WASTE
   Postal Service response to anthrax poses no 'imminent
   danger,' court finds . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y8k3p3_

HAZMAT TRANSPORT
   DOT announces plans to act quickly on proposed loading,
   unloading rule . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q1t5_

MINNESOTA
   State closes alfalfa-processing plant over alleged air
   quality standard violations . . . Page A-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y7j3v9_

PESTICIDES
   French industry launches plan to collect, dispose of
   dangerous waste . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9j0g1_

PIPELINE SAFETY
   FBI alert asks oil, gas companies to take extra
   precautions against terrorism . . . Page A-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q5j8_

STORAGE TANKS
   Oregon shifts emphasis to inspection of new tanks . . .
   Page A-4
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9h3f2_

WATER POLLUTION
   Final pretreatment streamlining rule to be delayed until
   2003, EPA officials say . . . Page A-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9r2m4_

IN BRIEF
   EPA seeking comments on POPs technical document . . .
   Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q2u4_

   Iowa company, chief executive enter guilty pleas . . .
   Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y1p5j4_

   Dioxin meeting scheduled for March in Vietnam . . . Page
   A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9m0n6_

   Rats, mice not protected by animal welfare law . . . Page
   A-8
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9q5p4_

   Vietnamese research said relevant to U.S. . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9m0n9_

________

CALENDAR
________

CONGRESS
   Legislative calendar . . . Page C-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9w4y3_

PRESIDENT
   President's calendar . . . Page C-2
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9w5e8_

_________________

REGULATORY AGENDA
_________________

COMMENT DEADLINES
   Due dates for comments on pending rules . . . Page D-3
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9b4e7_

NOV. 27 FEDERAL REGISTER
   Entries from today's table of contents . . . Page D-1
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y9h3z9_

NOV. 28 FEDERAL REGISTER
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   Registrations filed under the Lobbying Disclosure Act . .
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______________

TABLE OF CASES
______________

United States v. Rockingham-Lunex Co. (D.C. Iowa) . . . Page
A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y1p5j4_

United States v. Schmidt (D.C. Iowa) . . . Page A-7
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y1p5j4_

Smith v. Potter (S.D.N.Y.) . . . Page A-5
   http://pubs.bna.com/ip/BNA/den.nsf/id/a0a4y8k3p3_

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Attached is the flow chart that the EA ERCOT team developed regarding Enron's customer approach in Texas.  If you have any questions please call (x39796).


Hi Kate, I just changed deal # 473100 from Monday through Friday to Monday
through Saturday.  This deal was manually entered by us because it failed the
EOL bridge.  When we manually entered it the wrong days were chosen.  I have
fixed it and we will send a revised confirm to the counterparty.  I am not
sure if you normally tell risk when you make a change.

Thanks,
Melissa


ok by me

Fred Lagrasta
01/10/2001 08:49 AM
To: Phillip K Allen/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Fletcher J
Sturm/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Rogers
Herndon/HOU/ECT@ect
cc:
Subject: Mog Heu

As you know, Mog has been selected for the trading track program.  Her
initial rotation is scheduled to be in the structuring group with a follow-up
rotation in the back room.  However, she would like to do her initial
trading-track rotation in the middle-marketing group.  She would be
supporting the New York office (in Houston) where she would be assisting Per
Sekse and Carolyn Abramo, marketing to and executing on behalf of commodity
hedge funds.  I think this rotation would be very valuable in her
trading-track rotation.  After her rotation in this group, she would then
proceed with subsequent rotations as previously scheduled.  Since those of
you noted above had already agreed on the rotation schedule, John Lavorato
asked me to secure your agreement for this change.  He is agreeable provided
those of you noted are in agreement as well.  The middle-marketing group
would greatly welcome Mog and as I mentioned, I feel this rotation would be
very valuable to her as a potential trader in the future.  If I do not
receive an objection by Thursday, 5:00 P.M. - I will assume we can proceed
ahead.  Thanks for your cooperation.


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CONFIDENTIAL/ATTORNEY-CLIENT PRIVILEGE

Stan:

 I have given considerable thought to the issue you raised in the
meeting on June 15 -- that is, whether the amount of Available Cash for the
fourth quarter of 1999 could be recomputed so that the issuance of APIs for
that quarter could be rescinded.  My delay in getting back to you was
occasioned by the fact that I went on vacation shortly after that meeting
and just returned to work yesterday.

 The reason the question is worth exploring is this --- Enron Corp.
has certain rights under its support agreement with EOTT, and it is entitled
to exercise those rights notwithstanding the fact that it also has a
fiduciary duty as a controlling shareholder.  I approached the question
solely as counsel for Enron and from the standpoint of evaluating the merits
of any claim that Enron could make that the API issuance should be
rescinded.  From that standpoint it is no different from asking: if EOTT
were dealing with an unrelated third party would that third party have a
claim for rescission?  Unfortunately, based on the facts as I understand
them, I have been unable to formulate a claim that has sufficient merit to
be worthy of assertion, as explained below.

 The computation of Available Cash for any quarter is based on (a)
cash receipts and disbursements and (b) increases or reductions in cash
reserves, which the General Partner "determines in its reasonable discretion
to be necessary or appropriate."  Thus, the question is whether there is a
basis for recomputing the cash receipts or the reserves for the fourth
quarter.

 Cash Receipts.  I would think there may well be a valid claim in a
situation in which EOTT made a mistake in its calculations of cash receipts
or disbursements, even if that mistake was discovered several months later.
It is my understanding, however, that the scrub-down of the books for the
fourth quarter turned up only immaterial discrepancies from the amounts that
had been calculated for the fourth quarter in mid-February, when the
distribution of Available Cash for the quarter was made.  Thus, I am aware
of no meritorious argument that Enron is entitled to rescission because of
EOTT's mistakes in calculating its cash receipts or disbursements for the
quarter.   That being the case, the only other issue that is worth focusing
on is the reserves.

  Reserves.  The only component of the reserves that I am aware of
that is large enough to bear scrutiny is the theft-related insurance item.
There were no cash receipts from the insurance prior to the distribution, so
any claim for rescission must focus on the amount of reserves for the fourth
quarter.  If the level of reserves was determined in a manner that was not
consistent with the "reasonable discretion" standard set forth in the
partnership agreement, Enron would have a valid claim for rescission.
Presumably had the General Partner known in mid-February that insurance
would cover the $3 million loss (other than the $500,000 deductible), it
would have reduced reserves by $2.5 million (either by setting aside less in
reserves or releasing reserves established in prior quarters), which would
have produced $2.5 million of additional Available Cash.  In that case there
would not have been any APIs required.  Is there a basis for a claim that
the General Partner did not use "reasonable discretion" when it established
the level of reserves?  Based on the facts as I understand them, I have been
unable to come up with a good argument that the General Partner was not
using its "reasonable discretion" in making the determination it made.   It
is my understanding that, although at the time the General Partner was aware
that it had theft insurance, it did not know whether the insurance would
cover the entire $3 million loss or merely the $800,000 in fair market value
of the product at the time of the theft (less the $500,000 deductible).  I
also understand that the insurance carrier had not admitted liability at
that time, so there was some question whether there would be any insurance
proceeds.  Thus, it seems it would be very difficult to establish that the
General Partner did not use its reasonable discretion.

 The partnership agreement makes it clear that the amount of
Available Cash is to be computed based on (a) actual receipts and
disbursements during the quarter and (b) distributions from the operating
partnerships and reserves established, or changes in reserves, that in each
case occur prior to the "date on which the Partnership makes its
distribution of Available Cash in respect of such quarter."  Thus, the
partnership agreement leaves no room for going back and redoing reserves
based on events that occur after the distribution for the quarter.

 Please call if you have any questions about this analysis or if you
think I do not have my facts straight or need additional facts.  You can
reach me at 713/758-2414.

Robert S. Baird
Vinson & Elkins L.L.P.
One American Center
600 Congress Avenue
Austin, Texas 78701-3200
Office phone: 512/495-8451
Fax: 512/236-3210
Home phone: 512/347-8065
Car phone: 512/627-8065
Pager: 1-888-487-2651
Voice mail: 512/495-8696, x8451
Internet: rbaird@velaw.com


Just met w/ Skilling and Whalley.

Var for gas has temp increase of $15MM until next friday (12/15/2000).
Jeff is calling for an executive comm mtg to ask for an additional $40 MM of
corp var until next wed (12/13/2000).

One issue is UK power will be over VAR everyday starting probably thurs or
fri of this week, unless we increase them as well. (They sweep retail deals
into book once a week on this day). This increase only needs to be $2-3-
million.

Fasten seat belts and apply oxygen masks.

Rick


Sue --

What is our current involvement in the URG case?  Do we have a range of potential outcomes for each UDC?

Jim

 -----Original Message-----
From: 	Tribolet, Michael
Sent:	Monday, August 13, 2001 7:24 AM
To:	Kean, Steven J.; Shapiro, Richard; Steffes, James D.; Kingerski, Harry; Mara, Susan; Dasovich, Jeff
Subject:	CPUC

From the attached, it looks like the URG decision is being accelerated.


EOL Deals	 From: 9/1/2001   To: 9/10/2001	 	EnPower	 From: 9/1/2001   To: 9/10/2001
Desk	 Total Deals	 Total MWH	 	Desk	 Total Deals	 Total MWH

EPMI Long Term California	 142	 2,925,325	 	EPMI Long Term California	 18	 757,076
EPMI Long Term Northwest	 122	 2,254,600	 	EPMI Long Term Northwest	 131	 4,970,247
EPMI Long Term Southwest	 115	 2,235,630	 	EPMI Long Term Southwest	 73	 8,242,285
EPMI Short Term California	 755	 698,344	 	EPMI Short Term California	 180	 485,839
EPMI Short Term Northwest	 348	 261,800	 	EPMI Short Term Northwest	 124	 132,308
EPMI Short Term Southwest	 591	 599,000	 	EPMI Short Term Southwest	 277	 972,511
Real Time (as of 4:30pm, 09/10/01)	 319	 8,050	 	Real Time (as of 4:30pm, 09/10/01)	 199	 20,217

Grand Total	 2,392	 8,982,749	 	Grand Total	 1,002	 15,580,483

EOL Deals	 From: 09/10/2001   To: 09/10/2001	 	EnPower	 From: 09/10/2001   To: 09/10/2001
Desk	 Total Deals	 Total MWH	 	Desk	 Total Deals	 Total MWH

EPMI Long Term California	 47	 637,525	 	EPMI Long Term California	 6	 369,876
EPMI Long Term Northwest	 18	 268,800	 	EPMI Long Term Northwest	 27	 978,518
EPMI Long Term Southwest	 0	 0	 	EPMI Long Term Southwest	 1	 580
EPMI Short Term California	 168	 118,424	 	EPMI Short Term California	 27	 66,208
EPMI Short Term Northwest	 59	 32,600	 	EPMI Short Term Northwest	 27	 16,456
EPMI Short Term Southwest	 142	 87,800	 	EPMI Short Term Southwest	 63	 216,949
Real Time (as of 4:30pm, 09/10/01)	 76	 1,900	 	Real Time (as of 4:30pm, 09/10/01)	 40	 5,326

Grand Total	 510	 1,147,049	 	Grand Total	 191	 1,653,913

ICE Volumes	 From: 09/10/2001   To: 09/10/2001
Delivery Point	 Total MWH	 EPMI MWH	  Price

Cob (OP, Next Day)	 200	 0	  $   22.50
Mid C (P, Next Day)	 1,600	 400	  $   27.88
Mid C (OP, Next Day)	 800	 0	  $   22.81
Mid C (P, Oct-01)	 64,800	 0	  $   30.94
Mid C (P, Dec-01)	 10,000	 0	  $   41.50
NP-15 (OP, Next Day)	 400	 400	  $   23.38
NP-15 (P, Next Day)	 2,400	 800	  $   30.48
NP-15 (P, Bal Month)	 12,800	 0	  $   30.90
NP-15 (P, Oct-01)	 32,400	 0	  $   31.72
Palo (OP, Next Day)	 600	 200	  $   19.25
Palo (P, Next Day)	 6,000	 1,200	  $   32.91
Palo (P, Bal Month)	 19,200	 6,400	  $   32.07
Palo (P, Oct-01)	 32,400	 10,800	  $   31.65
Palo (P, Nov-01)	 10,000	 10,000	  $   30.60
Palo (P, Dec-01)	 20,000	 10,000	  $   33.75
Palo (P, Q3 02)	 30,800	 0	  $   53.25
SP-15 (OP, Next Day)	 600	 400	  $   21.42
SP-15 (P, Next Day)	 2,000	 0	  $   30.40
SP-15 (P, Bal Month)	 44,800	 6,400	  $   29.92
SP-15 (OP, Bal Month)	 10,000	 0	  $   21.85
SP-15 (P, Dec-01)	 10,000	 0	  $   36.50
SP-15 (P, Cal 03)	 122,800	 0	  $   38.75

Grand Total	 434,600	 47,000	  $ 674.43


Tim,
 My computer numbers are:
  ECTPDX-990602
  ECTPDX-996829


Attached is the agenda for next week's planning session.  Please note that
the meeting will take place in Conference Room 8 C1, not Conference Room 872
as previously mentioned.

Attendees
Attend Whole Session	Presenters
	Attend For Your Presentation Only
Dennis Benevides
Craig Childers (optional)
Marcus Dotson
Lamar Frazier
Chris Holmes
Evan Hughes
Doug Huth
Peggy Mahoney
Tom Riley
Mike Smith
Marty Sunde
Dirk vanUlden
George Waidelich
Lyle White
Jim Wright
Andy Wu	David Gilleland
	Doug Chamberlin
	Don Black
	Sean Holmes
	Jeff Dasovich
	Richard Zdunkewicz
	Jim Wood
	Mark Bernstein
	Jeff Golden
	Gary Weiss
	Mark Dobler
	Eric Melvin

Doug Chamberlin:  You may call the conference room at 9:30a Central Time on
Tuesday.  The phone number is (713) 345-3359.

Sue McCubbin:  If you are available to dial into the conference room at
12:30p Central Time on Tuesday, that would be great.  The phone number is
(713) 345-3359.

Rachel and Paulett:  Please note the duration of Don's/Sean's presentation
extends to 11:30a on May 1st.  Thank you.


Good morning,

We have made some revisions to the consent agreement.  I did not redline the
changes since we were looking at  two different documents yesterday.

We added language concerning material adverse event and the need for the
financing to occur before the consent is effective.  We could not include
Paul's request concerning compelling the Owner to take action.

Please call me (713 345 7566) or Rose (713 345 7726) with questions, or we
can address it in our 130 CST phone call.

Thanks,

Kay