Not unless you want me too.

Stacey Bolton
Environmental Strategies
Enron Corp
713-853-9916 direct
713-303-2632 cell
sbolton@enron.com <mailto:sbolton@enron.com>

-----Original Message-----
From: Ring, Richard
Sent: Wednesday, September 19, 2001 3:06 PM
To: Bolton, Stacey
Subject: FW: Question about the Enron Power Marketings Purchase from BPA
&Grant Co

Stacey,

Do you want to participate when I make contact with Drake Johnson?

-----Original Message-----
From: Drake Johnson [mailto:DJohnson@energy.state.ca.us]
Sent: Tuesday, September 18, 2001 4:33 PM
To: rring@enron.com
Subject: Question about the Enron Power Marketings Purchase from BPA
&Grant Co

Richard,
Please give me a call.  I have a couple of questions about the source of this generation for the Reconciliation Report I have to do.
Thanks,
Drake

Drake Johnson
California Energy Commission
1516 9th Street, MS 45
Sacramento, CA 95814-5512
Off. 916-653-5898
Fax 916-653-2543


gerald,

i have a couple of questions for you:

1)  susan scott told me that she would get back to you with some of the nits
that she had on the hubbard document.  i am waiting for the final comments
from dushinske, but they should come today.  i would like to get everything
signed today because we want to make sure that we can book the gas at these
high prices.

2)  vector term sheet.  i seem to have deleted my copy of the most recent
draft we had circulating.  can you send me your most recent update, please?

if i hear anything from dushinske, i will let you know,

thanks,

jamie


I would like to begin working on an ISDA, I have attached our standard form
schedule and CSA for your review.  I think this is a good window of
opportunity.

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, April 05, 2001 9:13 AM
To: marussel@srpnet.com
Subject: Re: FW: Master purchase/sale agreement

Mark,

The best person to talk to about the ISDA is me.  I discussed an ISDA with
Tim Roberts when I was in the Salt River offices on March 23rd.  A draft
ISDA was sent to Bill Abraham on November 17, 1999.  I requested for a new
legal review on 3/28/01.  Let me know if you need a new draft and I can
send you or Tim a copy.  My number is 713-853-0685.

Thanks for your inquiry -

Kim Ward

marussel@srpnet.com on 04/05/2001 08:20:15 AM

To:   <Kim.Ward@enron.com>
cc:   <marussel@srpnet.com>
Subject:  FW: Master purchase/sale agreement

I have been trying to get an ISDA going with Enron for several months. Who
is the best contact to call?

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Friday, March 30, 2001 2:59 PM
To: kaprice@srpnet.com
Subject: Master purchase/sale agreement

Kent,

Attached is a draft copy of our Master Purchase/Sale Agreement for physical
natural gas transactions.  As I mentioned before, we can enter into
transactions for less that one year out.  However, for those outside of a
year and for longer terms, we need to have a master in place.  Hopefully,
we can get this one in place so that we will be prepared when/if we get
ready to transact.

Let me know if you have any questions.  I will have our legal guys standing
by to help, too.

Thanks,

Kim Ward

(See attached file: Master_NG_draft_contract.doc)

(See attached file: Master_NG_draft_contract.doc)

 - 070301.sample Paragraph13 credit annex isda.doc
 - 062701.sample isda schedule.doc


Start Date: 4/24/01; HourAhead hour: 19;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042419.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 19 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: EES
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  UNIT_ID: BADLND_7_PL1X2

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 19 / Preferred:   2.41 / Final:   2.32)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE4
  MKT_TYPE: 2
  TRANS_DATE: 4/24/01
  SC_ID: EPMI


Please review and let's talk.  Thanks.  SS


Janet, scheduling this is a nightmare - if Ben can't make it you can cover.

Thanks
Dave


I would personally like to thank each of you for your support in exploring
the possibility of an adjustment bid market in CA.

The active participation in our February 21st Conference and the innovative
ideas and suggestions were very helpful.  They clarified a viable approach
for action we proposed to the CAISO.

APX proposed the adjustment bid market to the CAISO board meeting on
February 28th.  The implications of not moving forward were identified and
your support was extremely helpful in creating momentum for the CAISO to
take action.

In the CAISO board meeting on March 15th, the CAISO staff proposed a
comprehensive proposal for moving forward.  That proposal created a day
ahead and hour ahead energy market as well as simultaneously resolving
transmission congestion and potentially ancillary service requirements
through a new commitment and dispatch approach.  Although the software
changes and system changes are significant, the CAISO staff feels confident
that this can be accomplished by summer.

With the comprehensive plan, there will be no need for using the existing
CONG software at the CAISO to alleviate congestion among SCs with adjustment
bids.

APX stands ready to cooperate in finding solutions for this summer.  We will
focus on the development of forward markets for power.  We have the
capability to provide forward markets for transmission if there is
sufficient interest.  If you have interest in such markets or other ideas
where APX could provide products of value to you and the market please
contact me.

Thank you for your support.

John Stremel
Vice President
Automated Power Exchange, Inc.
5201 Great America Parkway, Suite 522
Santa Clara, CA
408.517.2120
jstremel@apx.com


These are the conference coverage by international newswires.

----- Forwarded by Mika Watanabe/AP/Enron on 05/16/2001 01:08 AM -----

	Enron Media Cuttings@ECT
	Sent by: Iona Maclean@ECT
	05/15/2001 08:41 PM

		 To: Joseph P Hirl/AP/ENRON@ENRON, Nicholas O'Day/AP/Enron@Enron, Jonathan
Whitehead/NA/Enron@Enron, Mika Watanabe/AP/Enron@Enron, Jackie
Gentle/LON/ECT@ECT, Fiona Grant/LON/ECT@ECT, Eva Hoeffelman/LON/ECT@ECT, John
Sherriff/LON/ECT@ECT, Michael R Brown/LON/ECT@ECT, David
Leboe/Enron@EnronXGate, John Ambler/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt,
seguchi@21stenergy.com, uchida@21stenergy.com, Richard Shapiro/NA/Enron@Enron
		 cc:
		 Subject: Enron says high power rates costing Japan- Reuters

JAPAN:
Enron says high power rates costing Japan.

05/15/2001
Reuters English News Service
(C) Reuters Limited 2001.

TOKYO, May 15 (Reuters) - A senior executive of U.S. energy giant Enron Corp
said on Tuesday that Japan could save an estimated four trillion yen ($32.45
billion) in annual costs if electricity rates were cut to the average of
members of the Organisation for Economic Cooperation and Development (OECD).

"If you were to pare Japanese industrial electric rates to the OECD
average...savings to all...customers would be about four trillion yen per
year," Enron Corp Vice President Steven Kean told a seminar in Tokyo.
Speaking at a seminar on electric power deregulation, Kean said that
indigenous factors such as steep land prices and a lack of natural energy
resources were often blamed for Japan's high electricity rates.

But he said these factors were not sufficient to explain Japan's high
electricity rates.

A report commissioned by Enron Japan Corp showed that in 1998 Japan's
electricity rates for industrial users were 16.81 yen per kilowatt hour (kWh)
compared to a second highest rate of 12.44 yen in Italy.

Japan's business sector has expressed concern at the nation's high electricity
rates, saying that it blunts their competitive edge on the international
market.

Kean also drew parallels between Japan, in the midst of deregulation, and
California which has been suffering from a power shortage since deregulating
its market in 1998.

These included the length of time that authorities in Japan took to issue
permits to allow the construction of new power plants, he said.

"The regulatory structure in Japan is very strict...just like in California,"
Kean said.

North America's biggest buyer and seller of electricity, Enron gained its
first foothold in Japan in 1999 when it established affiliate E Power Corp.

In April of last year, it set up subsidiary Enron Japan Corp.

Kean urged Japan to step up measures to open up its power market, a process he
said held many benefits.

Japan is in the process of deregulating its power market. Since March last
year, large-lot consumers have been free to chose their suppliers. The measure
liberalised an estimated 30 percent of the power market and ended Japan's 10
power utilities regional monopoly.

However, industry watchers note that there have been very few new entrants and
that further deregulation measures must be taken for rates to fall. The
Japanese government is due to review the process in 2003.

Folder Name: Enron Reuters folder
Relevance Score on Scale of 100: 9


Attached - still not quite final - waiting for confirmation from Tom Gros and
Philippe Bibi.   Can we add an Enron logo to the top of the first page?
Thanks.

I also sent this version to Mike Jordan, Fernley Dyson and Shona for their
input.

Can you e:mail a copy to Tom Hopwood?  Thanks.


---------------------- Forwarded by Robert Badeer/HOU/ECT on 08/17/2000 10:28
AM ---------------------------

Carla Hoffman
08/16/2000 09:09 AM
To: Tim Belden/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Jeff
Richter/HOU/ECT@ECT, Phillip Platter/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT,
Diana Scholtes/HOU/ECT@ECT, Sean Crandall/PDX/ECT@ECT, Matt
Motley/PDX/ECT@ECT, Mark Guzman/PDX/ECT@ECT, Tom Alonso/PDX/ECT@ECT, Mark
Fischer/PDX/ECT@ECT
cc:
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 08/16/2000 09:16
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>
     08/16/2000 06:11 AM

To: "Golden, Mark" <Mark.Golden@dowjones.com>
cc:  (bcc: Carla Hoffman/PDX/ECT)
Subject: DJ Calif Generators: `We Welcome Probe Into Power Market' - DJ Ca
lif ISO Urges FERC To Reject Pwr Producers' Complaint

12:15 GMT 16 August 2000
=DJ Calif Generators: `We Welcome Probe Into Power Market'  (This article
was originally published Tuesday)       By Jason Leopold     OF DOW JONES
NEWSWIRES    LOS ANGELES (Dow Jones)--When California Attorney General Bill
Lockyer completes his investigation into possible "collusion" in the
wholesale electricity market by generators, energy companies say he will
probably find the same thing Geraldo Rivera found in Al Capone's safe:
nothing.  Still, those companies that own generation in the state say they
welcome the probe into the power market by Attorney General Bill Lockyer.
"We have done nothing wrong at all," said Tom Williams, spokesman for Duke
Energy North America (DUK). "Our plants have been running all summer long.
Prices are high throughout the west. We wouldn't invest $1.7 billion in new
generation and then try and rig the market."  For the past two months,
utilities, lawmakers and other market participants have made allegations
that generators are manipulating the market and are largely responsible for
the price spikes.  Locker's office said an investigation is still pending.
State regulators are also conducting their own investigation, the findings
of which will be submitted to the governor and the Federal Energy Regulatory
Commission by the end of the year.  Allegations Said Unsubstantiated  There
isn't a shred of evidence to support allegations, said Severing Borenstein,
director of the University of California, Berkley's, Energy Institute.
"There are no antitrust laws that state you can't charge a premium price for
power," Borenstein said. "Manipulation is a bad word. That's used in the
commodities market to find a loophole and take advantage of the rules.  "I
would say this is exercising market power. ... If you want to charge high
prices you can. These are guys who play against each other every day. There
is no sort of collusion that would interest the justice department ... ."
The reason for the inquiry ordered By Gov. Gray Davis, he said, is as a
consequence of San Diego consumers being the first in the nation to pay
market-based rates for electricity.  The high wholesale costs paid by
utility San Diego Gas & Electric, a unit of Sempra Energy (SRE), were passed
on to ratepayers and resulted in utility bills more than doubling.  Gov.
Davis ordered the inquiry and asked federal regulators to conduct their own
investigation as well.  Dynegy (DYN) President Steve Bergstrom also says
that an investigation "will turn up nothing."  So why conduct one?  "This is
a very politically charged issue," Bergstrom said. "When something goes
wrong you have to find someone to point the finger at."  A source in the
governor's office said Davis is aware that Attorney General Lockyer's
investigation may turn up nothing, but Gov. Davis "has a responsibility to
his constituents."  Supply vs. Demand  What the investigation will turn up
is evidence that there is a shortage of power in the state and not enough
power plants being built to meet increasing demand, said Terry Winter,
chairman and chief executive officer of the California Independent System
Operator.  Winter said he doesn't believe that there is anything wrong with
the way generators sell their power and 98% of the time the market works
well.  "Is it market abuse to bid at the price cap ($250 per megawatt-hour)
knowing that you're 1,000 MW short? I have trouble identifying that as
market power abuse," Winter said.  Despite some proposed regulatory changes,
such as bid caps on wholesale energy prices and a rate freeze for SDG&E
customers, Duke Energy, Dynegy, Southern Co. (SO) and Reliant (RLI) all
still plan to invest in generation in the state.  That's a different stance
than the companies took a month ago when the ISO reduced the wholesale price
cap in the real-time market to $250/MWh.  "At the end of the day the market
is short power and you got to get people to build new generation," said
Dynegy's Bergstrom. "We got a big investment in California. We're not
walking away from that."  -By Jason Leopold, Dow Jones Newswires;
323-658-3874; jason.leopold@dowjones.com Copyright (c) 2000, Dow Jones &
Company Inc
12:15 GMT 16 August 2000 DJ Calif ISO Urges FERC To Reject Pwr Producers'
Complaint
(This article was originally published Tuesday)
WASHINGTON (Dow Jones)--California's power grid administrator Monday urged
federal regulators to reject a complaint from power producers seeking
compensation in the event out-of-state power transactions are curtailed
during an extreme power grid emergency.
The independent system operator told the Federal Energy Regulatory
Commission that the power producers seek compensation in the event of a
"situation that never has occurred any time since the ISO began operations,
and if it were to occur in the future, would do so rarely."
The ISO noted that its tariff governing access to the state's grid already
allows for compensation in the event of curtailed exports, and decried the
power producers' complaint as "a collateral attack" on a previous FERC order
rejecting claims that the tariff failed to provide adequate compensation.
Curtailing scheduled power transactions and exports would be a last resort
measure taken only after other options have been exhausted, the ISO said.
The power producers should adjust their contracts to factor in the risk of
interruption in the event of a state-wide grid emergency, the ISO said.
The ISO's objections were echoed by the state's electricity distribution
utilities and California regulators.
They complained that the power producers are merely trying to get out from
under the price controls the ISO has imposed in an effort to rein in
skyrocketing power prices this summer.
The generators "knew when they purchased California power plants and when
they entered into their export contracts that the ISO could alter their
schedules in an emergency. For them to ask the commission to make it even
more expensive, and hence, more difficult, for the ISO to maintain grid
reliability in California is irresponsible," said Southern California
Edison, a unit of Edison International (EIX).
"The complaint is a sham," declared the California Public Utilities
Commission.
"The true intent of the complaint ... is to avoid the ISO price caps by
making sales to affiliates or cooperating entities located out of state, and
sell the power back to the ISO at uncapped prices reflecting the generators'
market power," the PUC said, calling for FERC to summarily reject the
complaint.
"The complaint is factually unsupported, legally unfounded, complains of
conduct consistent with the ISO's authority under pertinent FERC decisions,
and seeks to avoid the price cap," the PUC said.
But power marketers and other power producers voiced support for the
complaint, filed Aug. 3 by Reliant Power Generation Inc. (REI), Dynegy Power
Marketing Inc. (DYN) and Southern Energy California (SO).
"By subjecting curtailed energy transactions to its maximum purchase price
of $250, and simply ignoring the financial impact on sellers, the Cal ISO
would be overtly discriminating against export transactions and market
participants who schedule energy for export," said the Electric Power Supply
Association, the national trade group representing competitive power
producers.
"It is critical that power producers ... know with certainty that the
curtailment of scheduled energy exports by Cal ISO will be compensated,"
said Morgan Stanley Capital Group Inc.
"Now that the ISO Governing Board has lowered purchase price caps to $250,
it is significantly more likely that the curtailment of exports will occur
more frequently. Less energy will be imported into California and more
energy will leave California in search of higher prices," said Williams
Energy Marketing & Trading Co. in support of the complaint's call for actual
damages and lost opportunity costs.
At least one power purchaser voiced support for the producers' position as
well.
"It seems a very basic point that if the Cal ISO must divert the
transactions of others to meet its own loads, that is should pay the full
costs of doing so," said the Northern California Power Agency.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; bryan.lee@dowjones.com
Copyright (c) 2000, Dow Jones & Company Inc

G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.

 <<Gunther Pergher (E-mail).vcf>>
 - Gunther Pergher (E-mail).vcf


-----Original Message-----
From: 	Schrab, Mark L.
Sent:	Tuesday, September 25, 2001 2:02 PM
To:	Parker, Megan; Love, Phillip M.
Subject:	RE: Consumers 2/01

Let me talk to the trader and I'll get back to you.  Usually the Risk Group is responsible for putting all of these various pricing issues on the tickets.
Mark
I'll forward to Phillip also,  someone in his group may have a Confirm sheet with the details on it.

 -----Original Message-----
From: 	Parker, Megan
Sent:	Tuesday, September  25, 2001 1:46 PM
To:	Schrab, Mark L.
Subject:	Consumers 2/01

Mark:
I am starting to make my way through the Consumers balances and I have some February issues that I thought you may be able to help me with.  We have sale deal 618840 which is for Consumers contract 5040-82-42.  It looks like the deal is priced correctly, but Consumers also invoiced us for a demand fee that we don't have.  It was for 500,00 at $0.0175.  They show it as a take or pay deal.  Do you have this confirmation or can you tell me if we have this deal booked right?  I also have several other deals that look like receivables for Enron, but they've never been paid.  They are 244662, 636507, 636515 and 387756.   Should we have billed Consumers?  I don't have any Consumers the confirms for Feb, so I can't check the deals.

Megan


It's time to clean up your mail files again.  Please go through and get rid
of any mail that you don't need to save.  This includes going through the
Sent mail folder.  If you have any questions please feel free to ask.

Thanks,
Diana


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Scott Mollner Recommendation
http://www.carrfut.com/research/Energy1/recom1-15-02.pdf


now what?

-----Original Message-----
From: Cecilia Bohan [mailto:bohan@mail2.nytimes.com]
Sent: Monday, August 20, 2001 11:40 AM
To: Kean, Steven J.
Subject: i am away.

I will be out of the office until September 4.

If you have pictures to send, please email them to nytpix@nytimes.com. Don't use the ftp site while i am away.
If you have messages for the foreign picture editor in my absence, please send them to foreign@nytimes.com

I will check my messages when I return.

Thank you.

Cecilia

I will not be reading my mail for a while.
Your mail regarding "FW: Reply to Paul Krugman's column (Enron Goes Overboard, August 17)" will be read when I return.


TODAY'S HEADLINES
The New York Times on the Web
Sunday, April 7, 2002
------------------------------------------------------------
For news updated throughout the day, visit www.nytimes.com

/-------------------------------------------------\

Discover the new things to love about The Times.

http://www.nytimes.com/ads/marketing/whatsnew/
\-------------------------------------------------/

QUOTE OF THE DAY
=========================
"My words to Israel are the same today as they were a couple
of days ago: Withdraw without delay."
-PRESIDENT BUSH

http://www.nytimes.com/2002/04/07/international/middleeast/07PREX.html?todaysheadlines

NATIONAL
=========================
Fatalities Lead to Crackdown on Street Racing

Alarmed by a spate of deaths attributed to street racing,
authorities in the Portland area have begun a crackdown.
http://www.nytimes.com/2002/04/07/national/07RACE.html?todaysheadlines

-----

Drive to Ban Gay Marriage Is Accused of Duping Signers

Some Massachusetts residents say they were tricked into
signing a petition to ban gay marriages when they thought
they were supporting an anti-horse slaughter measure.
http://www.nytimes.com/2002/04/07/national/07HORS.html?todaysheadlines

-----

Admission Up for Minorities in California

Offers of admission to black, Hispanic and American Indian
students in the University of California system have
rebounded.
http://www.nytimes.com/2002/04/07/education/07CALI.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadlines

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INTERNATIONAL
=========================
Israel Presses On With Attacks, Focusing on Northern West
Bank

Ferocious fighting that has engulfed the Palestinian town of
Nablus continued into the early hours Sunday.
http://www.nytimes.com/2002/04/07/international/middleeast/07MIDE.html?todaysheadlines

-----

Sharon Plans to 'Expedite' Offensive, but Sets No Timetable

Responding to Israel's expanded military actions in the West
Bank, President Bush said on Saturday that Israel must
withdraw its forces "without delay."
http://www.nytimes.com/2002/04/07/international/middleeast/07PREX.html?todaysheadlines

-----

Potent Explosives Fortify Palestinian Arsenal

Israeli officials say they have evidence that the
Palestinians have recently augmented their limited arsenal
with significantly more powerful explosives.
http://www.nytimes.com/2002/04/07/international/middleeast/07ARMS.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadlines

BUSINESS
=========================
Tell the Good News. Then Cash In.

The pattern of executives reaping rewards from their own
mistakes, while shareholders suffer, is far more common
than many people realize.
http://www.nytimes.com/2002/04/07/business/yourmoney/07CASH.html?todaysheadlines

-----

Affluent Avoid Scrutiny on Taxes Even as I.R.S. Warns of
Cheating

The government looks for tax cheating by wage earners far
more carefully than it does by people whose money comes
from their own businesses, investments, partnerships and
trusts.
http://www.nytimes.com/2002/04/07/business/07TAX.html?todaysheadlines

-----

Those Sweet Trips to the Merger Mall

Mergers and acquisitions can be get-rich-quick paths for top
corporate managers, providing  a personal incentive to get
the deal done, no matter what happens to shareholders.
http://www.nytimes.com/2002/04/07/business/yourmoney/07MERG.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadlines

TECHNOLOGY
=========================
High-Tech Identity Checks

Attempts to improve airport security with new technology
have led to tools for identifying people using iris scans,
handprints and even cellphones.
http://www.nytimes.com/2002/04/07/travel/07SHELF.html?todaysheadlines

-----

'Queer Duck,' a Web-Footed Survivor, Migrates to TV

An animated series about a fey electric-blue waterfowl that
began on the Internet has been picked up by Showtime.
http://www.nytimes.com/2002/04/07/arts/television/07MEIS.html?todaysheadlines

-----

Motorola Seeks to Make Its Phones Easier to Use

Motorola Inc. said it will introduce new wireless telephone
screens designed to make it simple for customers to switch
brands without learning a whole new system.
http://www.nytimes.com/reuters/technology/tech-telecoms-motorola-design.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadlines

POLITICS
=========================
Sharon Plans to 'Expedite' Offensive, but Sets No Timetable

Responding to Israel's expanded military actions in the West
Bank, President Bush said on Saturday that Israel must
withdraw its forces "without delay."
http://www.nytimes.com/2002/04/07/international/middleeast/07PREX.html?todaysheadlines

-----

More Battles Loom Over Bush's Nominees for Judgeships

In a war of ideology, Senate Democrats and the White House
predict months of discord over the confirmation of judicial
nominees.
http://www.nytimes.com/2002/04/07/politics/07JUDG.html?todaysheadlines

-----

A Health Care Revolt, Remembered

Prescription drug coverage, an issue put on hold after the
Sept. 11 attacks, is back on the front pages, thanks to the
forces of rising drug prices  and election-year politics.
http://www.nytimes.com/2002/04/07/business/yourmoney/07SENI.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadlines

SPORTS
=========================
Hernandez Continues Starters' Dominance

Orlando Hernandez's one-hitter added to a streak by the
Yankees' starters, who have not permitted an earned run in
28 innings.
http://www.nytimes.com/2002/04/07/sports/baseball/07YANK.html?todaysheadlines

-----

Mets Rally in 9th After Piazza Is Hurt

Mike Piazza left the game with a bruised knee in the sixth,
but the Mets scored nine runs in the ninth for a win over
the Braves.
http://www.nytimes.com/2002/04/07/sports/baseball/07METS.html?todaysheadlines

-----

Islanders Qualify for Playoffs

The Islanders outlasted the Capitals to qualify for the
Stanley Cup playoffs for the first time in eight seasons.
http://www.nytimes.com/2002/04/07/sports/hockey/07ISLE.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadlines

ARTS
=========================
The Band Is Gone, the Waltz Plays On

Twenty-five years after its last live concert, the Band is
regarded as essential to understanding one of rock 'n'
roll's most creative periods.
http://www.nytimes.com/2002/04/07/arts/music/07DECU.html?todaysheadlines

-----

A Jewish Avenger, a Timely Legend

A new production of H. Leivick's Yiddish classic, "The
Golem," raises enduring questions about violence and its
consequences.
http://www.nytimes.com/2002/04/07/arts/theater/07SOLO.html?todaysheadlines

-----

Abba to 'Carmen,' a Singer's Odd Gamut

Anne Sofie von Otter, the 46-year-old Swedish mezzo-soprano,
has always been hard to pin down.
http://www.nytimes.com/2002/04/07/arts/music/07MIDG.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadlines

NY REGION
=========================
In 100 Days as Mayor, Countless Hours of Cutting Ribbons

Mayor Michael R. Bloomberg says his heavy ceremonial duties
have stolen from city hall policy work.
http://www.nytimes.com/2002/04/07/nyregion/07BLOO.html?todaysheadlines

-----

Admiring Remark on Jewelry Preceded Beating, Police Say

Detectives investigating the brutal beating of a Jersey City
man in Manhattan's theater district believe the melee began
with a simple compliment.
http://www.nytimes.com/2002/04/07/nyregion/07BOOT.html?todaysheadlines

-----

Enron Political Scandal? In Connecticut, Hardly

Democrats in Connecticut's General Assembly are holding back
from attacking Gov. John G. Rowland over the state's own
piece of the Enron scandal.
http://www.nytimes.com/2002/04/07/nyregion/07CONN.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadlines

OP-ED
=========================
Sacred Cruelties
By  MAUREEN DOWD
As the need for spirituality is growing, the credibility of
various faiths is waning.
http://www.nytimes.com/2002/04/07/opinion/07DOWD.html?todaysheadlines

-----

Lifelines to the Future
By THOMAS L. FRIEDMAN
President Bush's speech last week was particularly important
because he put America in exactly the role it should be
playing: restoring clear lines.
http://www.nytimes.com/2002/04/07/opinion/07FRIE.html?todaysheadlines

-----

Moral Duty, National Interest
By ZBIGNIEW BRZEZINSKI
In pursuing its Middle East policy, the U.S. has to be
guided by a strategic awareness of all the interests
involved, and not by the claims of any single party.
http://www.nytimes.com/2002/04/07/opinion/07BRZE.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadlines

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USA: Northwest preparing $1.8 bln offer for Portland.
Reuters English News Service, 10/05/01
Energy Security Concerns On Congressional Front Burner
Dow Jones Energy Service, 10/05/01
USA: CORRECTED - Future of US power grid at stake in Supreme Court case.
Reuters English News Service, 10/05/01
BRAZIL: Brazil readies guarantees for electricity sales.
Reuters English News Service, 10/05/01
Brazil To Guarantee Contracts In Wholesale Power Market
Dow Jones International News, 10/05/01
USA: UPDATE 1-Northwest Natural in talks to buy Portland GE.
Reuters English News Service, 10/05/01

Enron in Talks to Sell Portland General to Northwest (Update6)
Bloomberg, 10/05/01

USA: Northwest preparing $1.8 bln offer for Portland.

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 5 (Reuters) - Northwest Natural Gas Co is in the final stages to make an offer of $1.8 billion to buy Portland General Electric Co from Enron Corp in a deal that would bring the two Oregon-based utilities together, sources familiar with the situation said.
They told Reuters that Northwest was offering a mixture of cash and stock and would also take on an additional $1.0 billion of debt, stamping an enterprise value of $2.8 billion on the assets.
The board of Northwest was still to vote on the deal but sources said the deal could be announced as early on Monday.

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

Energy Security Concerns On Congressional Front Burner
By Bryan Lee

10/05/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

OF DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- Congressional passage of energy policy legislation is unlikely to happen this year as energy infrastructure security has jumped to the forefront as a priority concern after Sept. 11, according to key House and Senate lawmakers.
"I'm not sure there'll be a bill this year," said Sen. Jeff Bingaman, D-N.M., chairman of the Senate Energy and Natural Resources Committee.
It will be too difficult to reach agreement on the issues involved in passing a comprehensive energy policy bill and still get the measure through conference committee and to the president's desk before Congress adjourns this fall, Bingaman told an industry-sponsored forum this week.
Bingaman has slated a hearing on energy infrastructure security for Tuesday, and plans to move legislation on the subject separately from the energy-policy bill. In advance of next week's hearing, Bingaman has solicited comments from leading energy industry groups.
"The priorities have changed since Sept. 11," said Rep. Joe Barton, R-Texas, chairman of the House Energy and Air Quality Subcommittee. "The energy security issue is now paramount," he said.
Barton announced this week that he wouldn't launch a campaign next year for the Senate seat being vacated by Phil Gramm, R-Texas. The decision stemmed in part from a desire to stay at the House Energy and Commerce Committee panel he chairs to work on energy infrastructure concerns.
Congress will pass energy-policy legislation next year and focus on energy infrastructure security this year, Barton said, citing the threat to power plants, transmission lines, and natural gas and oil pipelines.
The two legislators spoke at an energy forum this week sponsored by Enron Corp. (ENE), entitled "Energy Policy at a Crossroads."
The priority on infrastructure security was applauded by John M. Derrick, Jr., chairman and chief executive of Potomac Electric Power Co. (POM).
"We in the industry are concerned about an energy hit on our infrastructure," Derrick told the two lawmakers.
That concern is well-founded, according to James R. Schlesinger, who in past administrations headed the departments of energy and defense, and the Central Intelligence Agency.
"Our electric power grid is particularly vulnerable," Schlesinger said, particularly citing the threat from "information warfare."
Schlesinger's warning was borne out the week after Sept. 11. The North American Electric Reliability Council, the industry group that coordinates power-grid reliability, reported last month its telephones and other communications were temporarily knocked out during a flurry of computer virus attacks.
With the onset of increasing wholesale power market competition, the U.S. power grid is operating at a much higher capacity than ever before, making it vulnerable to physical or electronic attack, said Schlesinger.
This risk has been compounded since competition has "weakened the incentive" for utilities to make needed investment in transmission infrastructure, Schlesinger said.
House Panel Acts On Nuclear Security

While Bingaman's committee prepares to tackle the issue beginning next week, the House Energy and Commerce Committee took a first stab at the issue this week.
On Wednesday, as part of a package of three antiterrorism bills, the panel adopted legislation making sabotage at a nuclear power facility a federal crime and authorizing plant security guards to carry weapons and make arrests.
The committee adopted an amendment sponsored by Rep. Edward Markey, D-Mass., requiring the U.S. Nuclear Regulatory Commission to undertake a comprehensive rulemaking to revise its power-plant security regime.
"As terrible as the attacks of Sept. 11 were, a successful terrorist assault on a nuclear power plant could result in a full-scale nuclear core meltdown and breach of containment that could result in countless more deaths and injuries," said Markey, who opposes nuclear power.
The NRC previously announced it is undertaking a top-to-bottom review of its security requirements in light of the Sept. 11 attacks. "As decisions are made, they will be implemented," said NRC spokesman William Beecher, who otherwise declined to comment on the House action, which is under review by the agency.
The Nuclear Energy Institute, the industry's trade group, criticized the House action as a rash response to the Sept. 11 attacks. Nuclear power plant security issues should be addressed as part of an overall effort to secure U.S. energy infrastructure, NEI said.
"We believe the security issue has to be addressed in a comprehensive and thoughtful way. That wasn't done Wednesday," said John Kane, NEI's vice president for governmental affairs.
Kane also called for Congress to firmly delineate the responsibilities of the federal government and industry in securing nuclear power plants against attack. It isn't appropriate for private industry to respond to threats from enemies of state, he said.
Bingaman, the Senate chairman, said Wednesday that, while he supports federalizing airport security, he believes that nuclear power plant defenses should remain the responsibility of the industry.
-By Bryan Lee, Dow Jones Newswires; 202-862-6647; Bryan.Lee@dowjones.com

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

USA: CORRECTED - Future of US power grid at stake in Supreme Court case.

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

In Oct. 3 WASHINGTON story headlined "Future of US power
grid at stake in Supreme Court case" .... please read in
paragraph 9.... Industry lobbying group Electric Power Supply
Association filed court briefs supporting Enron's position,
while Edison Electric Institute filed in support of FERC ...
instead of ... Industry lobbying groups Edison Electric
Institute and Electric Power Supply Association filed court
briefs supporting Enron's position ... (corrects Edison's
position).
A corrected repetition follows.
By Chris Baltimore
WASHINGTON, Oct 3 (Reuters) - With billions of dollars at stake in the electricity market, lawyers for Enron Corp urged the U.S. Supreme Court on Wednesday to uphold federal regulators' obligation to drive open competition on the nation's transmission grid.
The nation's highest court heard oral arguments in the case which could have sweeping implications for the $220 billion U.S. electricity market.
The Supreme Court's ruling could either open the U.S. transmission grid to retail competition, or limit open markets to just the wholesale realm.
A decision is expected later this year or early in 2002.
"It's billions and billions of dollars at stake" for energy firms, said an industry source. "A ruling could expand existing open wholesale markets to the retail level."
The case is on appeal from the U.S. Appeals Court for the District of Columbia, which upheld FERC's authority to regulate state transmission in a June 2000 ruling.
NEW YORK SAYS FERC WENT TOO FAR
Enron - the largest U.S. wholesale power player and an ardent proponent of open markets and nationwide deregulation - argued the Federal Energy Regulatory Commission should have authority to force competition of all transmission assets.
FERC should expand its authority beyond wholesale markets and states that have deregulated retail markets, Enron says.
"You need a set of rules of the road that apply to everybody," said Enron attorney Louis Cohen. Industry lobbying group Electric Power Supply Association filed court briefs supporting Enron's position, while Edison Electric Institute filed in support of FERC.
Meanwhile, in a separate companion case, the state of New York argued FERC went too far in regulating flows of electricity within the state.
"This is an example of an agency that has overstepped its bounds," said Lawrence Malone, general counsel for the New York State Public Service Commission.
New York wants the court to revoke FERC's authority to regulate retail sales, because electricity involved in such sales stays within state boundaries and is not subject to federal regulation.
"We now have two hands on the retail wheel and it doesn't work," Malone told the court.
Stuck squarely in the middle is FERC, which derives its mandate from an interpretation of the Federal Power Act of 1935.
FERC ORDERED OPEN ACCESS
At issue is Order 888, which FERC approved in 1996 after it found that transmission-owning utilities have an inherent incentive to bar access to their wires by competing companies.
The order essentially opened the grid to wholesale competition by forcing utilities to offer nondiscriminatory policies to energy firms that want to ship electricity over non-owned transmission lines.
New York argues that FERC's 1996 order oversteps state authority over intrastate commerce set in the 1935 law, while Enron asserts FERC did not go far enough and needs to expand its authority to both retail and wholesale markets.
Because of the interwoven nature of the transmission grid, electricity that flows within state boundaries cannot be distinguished from power that flows from state to state as a result of wholesale sales, Enron's Cohen argued.
All of the electricity is competing for space on the grid, and Enron wants FERC to step in to prevent state utilities from "being able to hog those sites for their own use and keep us off the road," Cohen told the court.
The Supreme Court justices' leanings on the case were unclear from oral arguments, where they questioned lawyers on interpreting the 1935 act.
At least one justice found the intricacies of electricity transmission mechanics daunting.
"It's not like putting water through a dam," said Justice Stephen Breyer. "I don't even know how this works."

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

BRAZIL: Brazil readies guarantees for electricity sales.
By Denise Luna

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

RIO DE JANEIRO, Brazil, Oct 5 (Reuters) - Brazil is preparing a set of rules to guarantee electricity sales from new thermoelectric plants at market prices in order to get these plants working as soon as possible amid a power crisis.
The head of the government's task force for the electricity crisis, Pedro Parente, told reporters on Friday the rules would be published next week and would include government funds to back sale guarantees for the so-called merchant plants.
The government of Latin America's largest country regulates electricity prices. Analysts say this system stymies investment in the energy sector, especially in the much-needed natural gas-fired plants, as returns cannot be guaranteed.
Most of Brazil's natural gas is imported, and its price in local currency terms grows higher when the real depreciates against the dollar. So far this year, the real has lost about 30 percent of its value.
"We can't have these plants standing idle while the country needs energy," Parente said, citing the example of a plant finished by U.S. energy giant Enron Corp. last month, which is not operating due to a lack of contracts at market prices.
Brazil needs gas-fired plants as it struggles to reduce its dependence on hydroelectric stations. Two years of droughts have dried up water reservoirs at these plants triggering this year's acute power shortage, which forced the government to impose tough power rationing from June.
There is a virtual Wholesale Electricity Market (MAE) in Brazil, but it only quotes prices for electricity and has never seen a single contract struck due to high prices there and existing contracts between generators and distributors.
Now, the government's Brazilian Emergency Energy Sales (CBEE) entity, should provide contracts for the new plants at attractive prices taken from MAE.
The government expects 10 power plants with a total capacity of 2,153 megawatts to become operational by March 2002, which should boost the total generation capacity of some 70,000 megawatts.
Apart from Enron's, a plant built by U.S.-based El Paso Corp. is also ready to start producing energy.
The head of Brazil's National Development Bank (BNDES), Francisco Gros, pointed out the financial guarantee would have a limit, which is yet to be established.
Gros also acknowledged that the electricity tariffs would have to be reviewed to take into account losses by power utilities since the start of rationing as well as prices to be charged by new power stations.
"We are thinking of a differential hike which can occur gradually, so that it doesn't hit the pocket so much," he said, explaining that the losses from lower power consumption totaled 20 percent of revenues on average.
Gros also said the bank had enough resources to finance investment projects in the electricity sector and boost the offer of power.

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

Brazil To Guarantee Contracts In Wholesale Power Market

10/05/2001
Dow Jones International News
(Copyright (c) 2001, Dow Jones & Company, Inc.)

RIO DE JANEIRO -(Dow Jones)- The Brazilian government will intervene in the virtually nonexistent wholesale energy market, known as MAE, by paying new merchant power generators in advance for their contracts, top officials said Friday.
The decision is valid for independent power generators such as Enron Corp's (ENE) Eletrobolt facility and El Paso Corp.'s (EPG) Macae Merchant unit, which couldn't sell the energy they started producing due to regulatory problems on the MAE.
According to the government's emergency plan to generate more power, these plants were supposed to sell their electricity on the free market according to their concession licenses.
"The MAE isn't working and these power plants can't sell the electricity which is already available," said Francsico Gros, president of Brazil's Development Bank BNDES, who is heading a commission to come up with a new model for the nation's troubled power sector. "This is a serious problem which is hurting energy supply when we need all the electricity we can get."
Gros said more than 2,000 megawatts of new electricity are "waiting to be sold" but hasn't reached distributors because there hasn't been any trading on the MAE.
A recently-created state-run company, called CBEE, will be responsible for settling the contracts for this energy. A percentage of the value of the contract will be paid up front by Brazil's Treasury to guarantee to generators that the contracts will be honored.
The government will also establish a ceiling price for contracts. Currently, the price set for power trading at the MAE was 364.00 reals ($1=BRR2.737) per megawatt/hour.
In late August, the Brazilian government had already announced it would start buying electricity from independent generators to sell to distributors as an emergency measure aimed at easing the effects of a power crunch and guaranteeing some power supply over the short term.
The emergency measures come after the apparent failure of MAE, which kicked off about a year ago with the promise to create a new framework for transactions between power generators and distributors.
But regulatory problems robbed MAE of credibility, and the innovative electronic exchange system that was especially designed for the power exchange and was supposed to regulate energy trading, wasn't used at all.
Gros said the government is working to restore confidence in MAE by creating more transparent rules for trading on the free energy market.
"MAE is an essential part of our plan for Brazil's energy sector model," he said.
South America's biggest economy is facing an unprecedented energy crisis after inadequate investment in the past few years and a drought this year that left water reservoirs at record-low levels.
Brazil is more than 90% dependent on hydroelectric plants for the electric energy it consumes. An energy-rationing plan was implemented in June to cut electricity use by an average 20% per month.
-By Adriana Brasileiro, Dow Jones Newswires; (5521) 9965-1193,
adriana.brasileiro@dowjones.com

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

USA: UPDATE 1-Northwest Natural in talks to buy Portland GE.

10/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, Oct 5 (Reuters) - Northwest Natural Gas Co. on Friday said it was discussing the acquisition of Portland General Electric Co. from Enron Corp., a deal that would bring together two Oregon utilities.
The Wall Street Journal said a purchase price of $1.8 billion in cash and stock was being discussed and that Enron would end up with a stake in Northwest. Northwest would also assume $1 billion of debt, it said.
The deal would combine the gas and electric utilities serving Portland, Oregon.
Northwest shares were down $2.99, or 11.5 percent, at $23 in morning trade on the New York Stock Exchange, giving up gains totaling $2.89 over the three previous sessions.
Enron shares were up 25 cents at $33.35.
In a brief statement, Northwest said it was confirming the talks with Enron in response to press reports. It said there was no assurance that a deal would be struck and it would not make any additional comments on the matter unless and until a formal agreement was reached.
The Wall Street Journal described the talks as advanced. Citing people familiar with the matter, it said the discussions were at a delicate stage and financing could be a problem for Northwest, which had a market value of only $655.5 million based on Thursday's closing stock price of $25.99.
News of the talks did not surprise UBS Warburg analyst James Yannello, who said Enron has made no secret of its desire to divest Portland GE, which serves more than 725,000 customers in northwest Oregon. Enron, an energy marketing and trading powerhouse, acquired Portland GE in July 1997 for stock valued at $2.1 billion.
Northwest, doing business as NW Natural, is a gas distribution utility serving more than 500,000 customers throughout Oregon and Vancouver, Washington. On Friday the company raised its quarterly dividend for the 46th year in a row.
ENRON SEEN RECEPTIVE TO STOCK
On the possibility that Northwest might have trouble financing a deal, Yannello said that in the past Enron has been receptive to accepting stock.
He believes Enron "is taking a very close look at all of its assets," and he sees several similar announcements over the next few months.
Portland GE, a power generator and distributor, had 2000 revenues of $2.25 billion. Its 2001 first-half revenues rose to $1.6 billion from $827 million a year earlier, and net income increased to $71 million from $63 million.
Portland GE pays Enron dividends totaling $20 million each quarter.
Portland GE was founded in 1889, delivering power to the city of Portland from the Willamette Falls, 14 miles away on the Willamette River - the first long-distance transmission of electricity in the United States.
The company owns eight hydroelectric plants with a total capacity of 615 megawatts. It also has a 65 percent interest in a coal-fired power plant in Boardman, Ore., and a 20 percent stake in a Colstrip, Montana, power plant. These interests, along with 742 megawatts of gas-fired power plants in Clatskanie and Boardman, Oregon, give Portland GE total generation capacity of 1,399.9 megawatts.

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

Enron in Talks to Sell Portland General to Northwest (Update6)
2001-10-05 16:09 (New York)

Enron in Talks to Sell Portland General to Northwest (Update6)

     (Adds closing share prices in ninth and 13th paragraphs.)

     Houston, Oct. 5 (Bloomberg) -- Enron Corp. may sell Portland
General Electric Co. to Northwest Natural Gas Co., another Oregon
utility, as part of a plan to shed slow-growing businesses and
focus on commodities trading.

     Northwest said the companies are in talks, though an
agreement isn't assured. The negotiations come more than five
months after the sale of Portland General to Sierra Pacific
Resources collapsed. Enron spokesman Mark Palmer wouldn't comment.

     Enron has been trying to sell Portland General for about two
years. Houston-based Enron, once mainly an operator of natural-gas
pipelines, has transformed itself into the biggest trader of
electricity and gas, a business that doesn't require ownership of
expensive assets such as power plants and pipelines.

     Portland General ``is regulated, and it's really slow growth,
so it doesn't fit in with what Enron's trying to be,'' said Tara
Gately, an analyst with Loomis Sayles & Co., which holds about
135,000 Enron shares.

     The Wall Street Journal today reported that the two companies
are negotiating a sale price of $2.8 billion in cash, stock and
assumed debt. Enron bought Portland General in 1997 for $3.1
billion in stock and debt.

     The utility's earnings are forecast to rise 1 percent next
year, said analyst Robert Christensen of First Albany Corp.

     By comparison, Enron's profit from buying and selling
commodities such as energy, lumber and steel is increasing 25
percent a year as more markets open to competition, said
Christensen, who rates the shares ``strong buy'' and owns them.

     ``It would just be a positive to get (the Portland General
sale) done and use the cash for other businesses,'' Gately said.

     Enron shares fell $1.37, or 4.1 percent, to $31.73.

     Enron stock has declined 62 percent this year, mostly because
of the resignation of Chief Executive Jeff Skilling, concerns
about the California power market, losses at its bandwidth-trading
business and an electricity-contract dispute in India. The stock
dropped even as Enron said second-quarter earnings rose 40 percent
to $404 million while revenue almost tripled to $50.1 billion.

     Sierra Pacific canceled its proposed $3.1 billion acquisition
of Portland General on April 26 because California's energy crisis
made it too hard to win approval. Legislators banned sales of
power plants serving the state, blocking Sierra Pacific from
selling a stake in a generating plant, needed to win clearance for
the deal.

     ``It's a difficult regulatory environment,'' said Bern
Fleming, manager of the $2.4 billion AXP Utilities Income Fund,
which holds about 300,000 Enron shares. ``I wonder if someone in
that region might handle it better.''

                         Northwest

     Northwest shares fell $2.58, or 9.9 percent, to $23.41,
cutting its market value to about $588 million. The company, based
in Portland, Oregon, would take on about $1 billion in debt with
the purchase, the Journal said.

     Bond rating company Egan Jones lowered its credit rating on
Northwest to ``A-'' from ``A,'' still investment grade. Northwest
already has about $450 million in debt, Egan Jones said.

     Other terms of the transaction need to be completed, and an
agreement may be announced in a few days, the Journal reported.

     Northwest serves more than half a million Oregon and
Washington customers. Richard Reiten, Northwest's chairman and
chief executive, was president of Portland General from 1989 to
1996.

     At a price of $2.8 billion, Northwest would be paying 1.2
times sales, less than the average of four times revenue paid for
U.S. utilities this year, Bloomberg data show.

     ``It sounds like the transaction would result in Enron
retaining a minority stake,'' said Andre Meade, an analyst at
Commerzbank Securities Inc. who rates Enron ``accumulate'' and
doesn't own the stock. ``It may be that Northwest can only finance
a portion of the buy at this stage.''

     Oregon regulators likely will approve the transaction if
Northwest shows that its service and rates will stay the same,
Meade said.

     The acquisition would allow Northwest to negotiate better gas
prices by increasing the amount of the fuel that it buys, he said.
The company may also be able to cut costs through job cuts and
eliminating duplicate services.

     Northwest said in July that second-quarter profit more than
doubled to $4.3 million as weather cooled and the company added
customers.

                    California Platform

     Enron acquired Portland General, which has more than 700,000
customers in Oregon, as a platform to sell power into California's
deregulating market.

     Since then, Enron has moved away from owning assets such as
power plants and pipelines to concentrate on energy trading. As
part of that shift, Enron this week agreed to sell oil and gas
fields in India to the U.K.'s BG Group Plc for $388 million.

     Portland General gave Enron experience with the electricity
market and utility regulations, and helped the company develop its
power-trading business, Loomis Sayles's Gately said.

     Sierra Pacific, based in Reno, Nevada, agreed to buy Portland
General in November 1999. To win regulators' approval of the
acquisition, Edison International's utility had to agree to sell a
stake in a Nevada power plant also owned by Sierra.

     California banned power-plant sales by the state's utilities
because of its power shortage, blocking the Nevada sale. Enron
said at the time that it wouldn't rule out trying again to sell
the utility.

     ScottishPower Plc, the U.K.-based owner of the northwestern
U.S. utility PacifiCorp, considered a bid for the utility, the
Observer newspaper reported in April.


okay...up or down???

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, May 30, 2001 11:32 AM
To:	Huble, Amanda
Subject:	RE:

you are supposed to ask up or down

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Wednesday, May 30, 2001 11:31 AM
To:	Maggi, Mike
Subject:	RE:

Sounds good to me!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, May 30, 2001 11:27 AM
To:	Huble, Amanda
Subject:	RE:

going across the street

 -----Original Message-----
From: 	Huble, Amanda
Sent:	Wednesday, May 30, 2001 10:30 AM
To:	Maggi, Mike
Subject:

so what are we doing tonight?


---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 08/23/2000
07:12 AM ---------------------------

"Brook" <brook@pdq.net> on 08/23/2000 01:34:29 AM
To: "Tim Hekker" <thekker@hscsal.com>, "Terri Casler" <terri0924@aol.com>,
"Stephen Zindler" <stephenzindler@homecomings.com>, "Spencer Payne"
<spencermp@yahoo.com>, "Scott Zindler" <scott.zindler@agedwards.com>, "Russ"
<smokedbbq@aol.com>, "Liz Newberry" <lnewberry@hscsal.com>, "Laura Mayor
Cyprow" <lmayer@eesis.com>, "John Castille" <jcasti@coair.com>, "Jim Day"
<jday@cwhq.com>, "Jennifer Anderson" <janderson@hscsal.com>, "Jeff Applebaum"
<jeffrey.applebaum@imgfinancialgroup.com>, "Jarrod Cyprow"
<jcyprow@enron.com>, "Hershel Swartz" <hershel@flash.net>, "George Hope"
<george.hope@enron.com>, "David Lisner" <dlisner@burns-noble.com>, "Dan
Harlan" <dharlan@firstam.com>, "Brad Fishman" <bfish@timcoscrap.com>, "Bill
Rubinsky" <bill.rubinsky@usa.xerox.com>, "Bill McGrath" <WHMcGrath@aol.com>,
"Ari Purcell" <ari.purcell@ac.com>, "Alex Niemer"
<alex.niemer@rantechnologies.com>, "Ori Batagower" <batagower@aol.com>,
"Heather Evans" <reagantgo@aol.com>, "Andy Starr" <astarr@hscsal.com>, "Eric
Johnson" <ezy@flash.net>, "Lloyd Schill" <sgramling@hscsal.com>, "Harry
Bucalo" <harry.bucalo@enron.com>, "Bryan Hull" <Bryan.Hull@enron.com>,
"Matthew Lenhart" <Matthew.Lenhart@enron.com>
cc:

Subject: Losers Wanted

Hey there, just an update on where we stand.?  We are up to 33 people that
have responded that they are in with a few more that  I definitely expect in
by the time games start.? Only 8 have signed in but  there is still time to
get on the site.? I wouldn't wait till the last  second incase there are
problems.? Let me know if you can't figure anything  out and I will try to
help.
?
Just a few side notes...1)? Applebaum, we are  going to have to work on that
name you signed in with...2) Susan, I will send  you a seperate email in the
next couple of days with some help on getting on  line.
?
Anyway, don't forget to get more players.? BUT  DON'T FORGET TO HAVE THEM
REFERENCE YOU!!!? I am receiving emails from  people I can't reference and it
just takes a little work to figure out who they  are.? We have got all of
them cleared up except for one that I am still  working on.? It just makes it
alot easier if they mention you from the  begining.
?
Well, that is it for now.? Will get back to  you towards the middle of next
week with some more updates.
?
Brook


i am confused---i thought you guys are coming over friday evening for dinner


Hey Home,

Just a note to tell you thanks again for being my "roaddog".  It really
helped me out!  You're the "bomb"!


The attached file contains the May '00 Baseload citygate and storage
injection/(withdrawal) requirements.   Please note the caveats in the Comments
worksheet.  We will address those promptly on Monday.    CES personnel note
that the attached file is archived on the network in P:\Energy
Ops\Enron\May_00\  so you don't need to save it elsewhere.

Have a nice weekend.

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

 - May00_FOM_Reqs.xls


that ticket is yours if you want it. pay bass $30


They think he may be back for the next game. He just bruised his shoulder. I
think LA is trying to hurt him, he is the biggest threat to them

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Tuesday, May 01, 2001 10:05 AM
To: tlenhart@corealty.com
Subject: Re:

no, but i saw that they won tonight.  it was close.  is sakic going to be
ok?


Michael,

The science of measuring operational risk is in its early stages of
development.
There are really no cook-book  solutions. One has to use creativity and a lot
of common sense.

Vince

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Operational Risk

Mr. Kaminsky,

Recently, I read articles published by GARP and monographs in a book
published by GARP.  Although they are excellent sources of introduction to
operational risk, none of them have any details on the "how to."

If you know of a good book or book(s) could you recommend one?

Thank you.

Michael Kim


MEMORANDUM

TO: Regulatory Affairs Committee
      Gas Issues Working Group

FROM:	Jim Steffes, Regulatory Affairs Committee Chair
            John Orr, Gas Issues Working Group Chair
            Julie Simon, Vice President of Policy
            Jack Cashin, Senior Manager of Policy

DATE:	11/15/2001
RE: EPSA Second Draft Comments on Pipeline Capacity
      Recall  NOPR
?			Comments due November 19th
?
As discussed on Wednesday's Conference Call attached are second draft EPSA comments on FERC's Notice of Proposed Rulemaking (NOPR) on pipeline capacity recall.  This draft reflects the changes suggested during the conference call. The following are the major changes from the earlier draft:

1. The word "Opposing" has been removed from the filing.  Rather the filing retains the same arguments but indicates that EPSA has "concerns".

2. We added footnote 1 to stress that in no event should the Commission mandate that such recall provisions be included in a recall notice.  Rather consistent with the NOPR, such recalls should only be permitted, with the ultimate determination being subject to negotiation between the releasing and replacement shipper.

3. We added footnote 3 to recognize that this filing reflects the views of EPSA as an organization, not the views of individual members.

4. We added the footnotes missing from the earlier draft.

5. We did some minor editing to page 3, the first full paragraph.  The sentence starting with "This service will be of less value to potential purchasers than any firm service the pipeline could offer...." and well as the next sentence are slightly different than the earlier draft.

Please review the draft and forward any comments or proposed changes to the draft to Jack Cashin at EPSA at jcashin@epsa.org by close of business on Friday, November 16th so that we can make a timely filing on Monday, November 19th.

Attachment


Tana-

I'm not sure.  We definitely received an approval on Lyke Corporation (dba
Ripon Printers) but I'm not sure if that was sent to you on a different list
as well.  Daishowa and Cariboo have since been killed.  That may be why we
missed this one counterparty.  But I suppose it's possible we missed that
list entirely.  Either way, that one counterparty, The Record Herald, is the
only one I show left in a legal reviewing status.

Thanks,

Nikki

From: Tana Jones@ECT on 03/28/2001 09:39 AM
To: Nicole Hunter/NA/Enron@ENRON
cc:

Subject: Re: Click Paper Approvals, 03-14-01

I'm not showing I looked at this list at all.  Isn't that right?

	Nicole Hunter@ENRON
	03/28/2001 08:55 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Click Paper Approvals, 03-14-01

Tana-

There was one missed counterparty on this approval from credit.  Please
review Record Herald Publishing Company from the approval below.

Thanks,

Nicole
---------------------- Forwarded by Nicole Hunter/NA/Enron on 03/28/2001
08:53 AM ---------------------------
To: Kelly Lombardi/NA/Enron@Enron, Samuel Schott/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Bill D Hare/HOU/ECT@ect, Steve Venturatos/HOU/ECT@ECT,
Camille Gerard/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Tanya Rohauer/ENRON@enronXgate, Tom
Moran/ENRON@enronXgate, Tana Jones/HOU/ECT@ECT, Frank L Davis/HOU/ECT@ECT,
Ken Curry/ENRON@enronXgate, Nicole Hunter/NA/Enron@Enron
cc:
bcc:

Subject: Click Paper Approvals, 03-14-01

Please see attached. The ammendments are specified in purple.

Regards,

Aparna Rajaram
ext. 5-4563


----- Forwarded by Tana Jones/HOU/ECT on 05/14/2001 06:11 PM -----

	Karen Lambert
	05/14/2001 05:52 PM

		 To: Kim S Theriot/HOU/ECT@ECT, Matthew Allan/LON/ECT@ECT, Amelia
Alland/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Enron Europe Global Contracts
and Facilities, Dianne Seib/CAL/ECT@ECT, Cyndie
Balfour-Flanagan/Corp/Enron@ENRON, Martha Stevens/HOU/ECT@ECT, Sarah
Smith/Enron@EnronXGate, Jana Morse/Corp/Enron@Enron, Stephen
Furter/LON/ECT@ECT, Andrew Wells/LON/ECT@ECT, cbalfou@enron.com, Marlene
Hilliard/HOU/ECT@ect, Tammie Huthmacher/NA/Enron@Enron, Kelly
Lombardi/NA/Enron@Enron, Rhonda L Denton/HOU/ECT@ECT, Melissa Ann
Murphy/HOU/ECT@ECT, Peggy Hedstrom/CAL/ECT@ECT, Juana
Fayett/Corp/Enron@Enron, Cheryl Dudley/HOU/ECT@ECT, Gina
LaVallee/CAL/ECT@ECT, Susan Elledge/NA/Enron@Enron, Matilda
Machado/CAL/ECT@ECT, Georgi Landau/NA/Enron@ENRON, Diana Andel/CAL/ECT@ECT,
Sylvia A Campos/HOU/ECT@ECT, Donna Consemiu/HOU/ECT@ECT, Lisa
Lees/Enron@EnronXGate, Stephanie Sever/Enron@EnronXGate, Frank L
Davis/Enron@EnronXGate, Tom Moran/Enron@EnronXGate, Samuel
Schott/HOU/ECT@ECT, Amber Ebow/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT,
Marilyn Colbert/HOU/ECT@ECT, Cheryl Johnson/Corp/Enron@Enron, Carolyn
Gilley/Enron@EnronXGate, Mark D Thorne/Enron@EnronXGate, Judy
Walters/Enron@EnronXGate, Donna Consemiu/HOU/ECT@ECT, Tammie
Huthmacher/NA/Enron@Enron, Julissa Marron/Corp/Enron@ENRON, Colette
Weinreich/HOU/EES@EES, Boyd Coble/HOU/EES@EES, Steve Watson/HOU/EES@EES,
Cregg Lancaster/HOU/EES@EES, Spencer Teel/HOU/EES@EES, Ernest
Little/HOU/EES@EES, Robin Lawrence/ENRON@enronXgate, Michael
Flanigan/HOU/EES@EES, Margaret Palacios/HOU/EES@EES, Mary
Vasquez/HOU/EES@EES, Linda k Loukanis/Enron@EnronXGate, Charlie
Hoang/Enron@EnronXGate, Kristen J Hanson/Enron@EnronXGate, Linda S
Bryan/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Fred
Castrow/Enron@EnronXGate, Sundar Chitradurga/Enron@EnronXGate, Tana
Jones/HOU/ECT@ECT, Debra Perlingiere/HOU/ECT@ECT, Georgia
Blanchard/Enron@EnronXGate, Liz Hillman/Enron@EnronXGate, Alexis
Graham/Enron@EnronXGate, Paul Cherry/GPGFIN/Enron@ENRON, David
Olvey/Enron@EnronXGate, Lam Nguyen/NA/Enron@Enron
		 cc:
		 Subject: Out of Office

I will be out of the office May 15-16 and all week May 21-25.  If you require
assistance during that time, then please contact a backup listed below.  If
you need help and are not able to reach my backup, then please contact Steve
Venturatos.

Online Trading & GKCom
      Name   Work Telephone Pager Number
For all Global matters:    Kelly Lombardi  (713) 345-8491  (713) 618-2524

      Name   Work Telephone Pager Number
For Global Counterparty matters only:  Samuel Schott  (713) 853-9890
Backup      Amber Ebow  (713) 345-8331  (713) 788-9458  team pager

Global Outsourcing
      Name   Work Telephone Pager Number
For all Global matters:    Tammie Huthmacher (713) 853-3879  (713) 709-0295


NG-PR-OPT - 1081642

Larry May: Price - 1081744, Basis - 1081745, GD Options - 1081747

Thanks,

Errol, X5-8274


To the trading lawyers working on counterparty lists:

Per the email below from Louise, the current target date for completion of
counterparty lists appears to be Tuesday, October 12.  As noted below, an
additional list of approved counterparties should be provided to us tomorrow.

FYI, per my conversations w/Frank Davis, the first simulation occurred this
week, and an additional simulation is scheduled for next week.
---------------------- Forwarded by Tana Jones/HOU/ECT on 10/07/99 09:54 AM
---------------------------

Louise Kitchen
10/06/99 02:46 PM
To: Mark E Taylor/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
cc: Debbie R Brackett/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, David
Port/LON/ECT@ECT, Bob Shults/HOU/ECT@ECT, David Forster/LON/ECT@ECT
Subject: Customer Data

On Friday we will be receiving the remaining customer list from credit, due
to the timescales I am asking for turnaround on the customer matrix and
master agreement review by the end of play Tuesday 12th October.

Any problems with this please notify me immediately as we are now running up
against very tight deadlines in terms of getting all of the information in
the system for the launch schedule.

Thanks

Louise

Mark,
On another note we are requesting a review of the blanket decision which has
been made to prevent any regulated utility from completing any financial
transactions, if we are not prepared to do the due diligence on which ones
can transact and which ones can not - is this our responsibility or theirs?
ie their decision whether to trade or not.
Louise


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/06/2001
08:58 AM ---------------------------

"Chris Strickland" <chris@lacimagroup.com> on 04/05/2001 10:33:57 PM
Please respond to "Chris Strickland" <chris@lacimagroup.com>
To: "VinceJKaminski" <Vince.J.Kaminski@enron.com>, "Vince \(home\)"
<VKaminski@aol.com>
cc:
Subject: eprm article

Hi Vince,
?
I'm sorry you weren't around in Sydney this week.  You missed a very good
book launch party that John Martin organised here for us.  Paul made a short
speech in which he relayed some great comments which he said  came from?you -
thanks very much!
?
Please find attached the next EPRM article. Its not  really tided up fully
from our end yet, but I wanted to send it off before the  weekend in case you
got chance to look at it. Because of the Easter break Robin  is after it by
Thursday of next week.
?
Best regards.
?
Chris.
?
 - EPRM_10_fwd_curve_simulation.doc


A Summary of the Written Comments from our Members and
A Couple of Faculty Members
General Education
Structure: The four-year program with its existing rubric-scheme seems to
make sense, as long as it is an integrated, coherent and distinctive
program. The relation between the general education and majors needs to be
examined and an authoritative body should be charged with the responsibility
of continuously reviewing all programs and the curriculum. There is a
suggestion that Sophomore and Junior level Seminars should be introduced.

According to our catalog (p. 16), the requirements of a Monmouth College
degree involves:
1. Four years of academic work earning at least 124 semester hours.
2. Completion of Freshman Seminar
3. Completion of a major program, and
  4. Completion of the five components of the general
education program:  Language, The Physical Universe and its Life Forms,
Beauty and Meaning in the Works of Art, Human Societies, and Issues and
Ideas.
One comment is that the present rubric scheme is woefully inadequate to the
understanding of the Self for which we need to address metaphysical issues,
epistemological questions, and issues of God, spirit and man.

Freshman Seminar
Monmouth College introduced this course in the early eighties and several
schools have added similar courses to their curriculum in subsequent years.
There seems to be a strong commitment among the faculty and administration
to continue to develop and teach this course. The following are some of the
comments and suggestions:
1.  It is very resource intensive, is trying to do too many things in one
semester, and is quite regimented in its organization and delivery.
Instructors need some flexibility after establishment of clear, limited and
common goals for the course.
2.  We should commit more resources to this venture and a greater proportion
of senior faculty should teach this course.
3.  More stipends and/or release times are needed for the faculty to
continue the development of this course and to provide shadowing experience
to new faculty members who are interested in teaching it.

Language
This component generally makes sense - keep, strengthen and change it. There
is a suggestion to reduce the foreign language requirement and to introduce
more courses on foreign cultures and traditions.
There is an almost universal agreement that our graduates need more
experience in writing, in its several forms, composition, creative writing,
technical writing etc. We think our task force needs to examine carefully
(possibly with a consultant) the concept of Awriting across the curriculum@
and find ways of incorporating it in our academic program.  There is also a
suggestion that we should require composition courses at the Junior and
Senior levels.

Beauty and Meaning in the Works of Art
This component seems to work well. There is a call for a wider range of
choice of courses in this rubric. Perhaps, we should consider some courses
on aesthetics.

Physical Universe and its Life Forms
This component also seems to be working well. The assessment of this rubric
last semester did not call for any radical changes. The Assessment Committee
is satisfied with the goals, concept and delivery of this component. Some
questions were raised on the understanding of the scientific method by our
students.

Scientific literacy is very important in this technological age. Do students
understand the relation between science and technology? There is a call for
courses on History or Philosophy of Science and Science & Society offered by
HT folks.

Human Societies
There is much dissatisfaction with the menu of courses offered beyond
Comparative Societies. This smorgasbord of courses can be replaced by a
slate of 5 to 7 courses, with multiple sections, which address spirituality
in different ways. Another suggestion is to limit this menu to a set of
Introduction to Social Sciences courses and to make Comparative Societies
value-based. It should be noted that our assessment program indicates that
our fifth purpose of exploring Athe spiritual dimension of human existence
and the relationship between faith and knowledge@ is not being addressed by
our academic curriculum.

Issues and Ideas
This course is supposed to provide the culminating experience in our general
education program. It seems to be working well. Can we develop some common
goals for the 15 to 20 courses offered under this rubric? Should we go back
to the two-course Systems of Thought and Belief mode?

Majors
We should plan to review all the current majors. We should strive to provide
a state of the art emphasis in most majors (eg. Molecular Biology,
Computational Dimension in Natural Sciences, Media Concentration, Public
Relations, Sports Management etc.) According to AAC&U, there is a Amuddle in
the middle@ in most major programs. Is there coherence and integration
within the disciplines? How do the majors relate to the general education?
We are expected to make recommendations for adding, modifying, and
eliminating course offerings and programs. May be, when more majors become
attractive and cutting edge, they will stem the tide towards Business and
Education!

Further Suggestions
1.  There is wide support for introducing a Quantitative Reasoning
requirement in our curriculum. There is a relevant article in our red
folder. We may have to look at Abest practices@ in peer institutions and
work with a regional consultant to see how this can be implemented.
2.  How do we educate our students to make value-based decisions in this
fast-changing and complex world? Many schools have introduced Ethical
Inquiry/Moral Reasoning requirement in their curriculum. There are two
relevant articles in our red folder. Again, we may want to look at Abest
practices@ in peer institutions or work with a regional consultant to see
how this can be implemented.
3. We need to introduce course requirements under the broad category of
Internationalization, Globalization and Cultural Diversity in our
curriculum.
4. Do we need to develop courses that explicitly deal with Modes of Inquiry,
Critical Thinking, Logical Reasoning, Problem Solving etc.?

Other General Considerations Related to Curricular Review
1.  The six questions Dean Arnold has raised on the articulation of our
curricular goals, understanding the needs of our students and the world they
are entering into and the allocation of resources.
2.  The implications of the Teagle grant - Adoing nothing is not a viable
option@ and if we come up with strong initiatives, management support may be
forthcoming.
3.  Simplify the process for curricular initiatives, streamline the budget
process and review our style of management.
4.  There is no ongoing support for Instruction Technology and our current
policies and procedures continue to frustrate folks, especially some of our
newer faculty.
5. Our semester schedule is anathema to aims of a serious, liberal arts
education: the semester system breeds fragmentation, superficiality,
freneticism, hyperactivity and resentment.
5.  We need to continue to address the work load issue.


Rebecca, if you wouldn't mind I would like to sit in on the Monday meeting.
I think that Mariella from what I have seen and heard is very capable.  I
strongly believe that we need to put a dedicated (with fresh eyes) SWAT team
on this one that has control of the complete commercial, technical and
financial aspects of this project.  This is the only way to be effective.
Whether it is with you or me or both, I am indifferent

I would like to ensure that Kishkill, Wiggs, Gonzales and Alberquerque are
not buried in this project given other goals and objectives.

Thanks

Regards
Delainey

---------------------- Forwarded by David W Delainey/HOU/ECT on 11/30/2000
03:03 PM ---------------------------

Rebecca McDonald@ENRON_DEVELOPMENT
11/29/2000 07:52 AM
To: David W Delainey@ECT
cc:
Subject: Cuiaba I Team

Dave,

I am sorry that I was unable to meet with you yesterday on Cuiba.  Jim has
told me what the two of you decided and it is fine with me.  Below is a note
that I received this morning from Pete.  The meeting he is referencing is an
indepth update on the project that I requested a week ago.  You are more than
welcome to attend if you would like to - just let me know.

I am not sure that Pete is the right guy to work this or not, but I do agree
that we need to introduce someone else into the process - I am thinking
either Chris Hunt or Mariella Mahan.  I would be happy to discuss with you
why I recommend one of those two individuals.

Rebecca
---------------------- Forwarded by Rebecca McDonald/ENRON_DEVELOPMENT on
11/29/2000 07:57 AM ---------------------------

Peter E Weidler@ENRON
11/29/2000 06:56 AM
To: Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Cuiaba I Team

the list below is going to Delainey - it is accurate from my perspective - if
the project ends up in your shop for completion and fixing up - and if it
ends up under me - some of these part time guys should become full time and
some of the full time guys should take a back seat.

I would have the full time dedicated team be -

Jose Bestard (he currently is chief of regulatory for South America) - he
negotiated the original PPA and has indepth knowledge of how the regulatory
system does and does not work.

Joao Carlos Alberquerque - top notch Brazilian power expert - has the right
contacts and relationships and can get us through the maze of Brazilian
resistance.  Currently he is headed for wholesale merchant.

John Novak - best legal mind - needs to curb the use of outside lawyers a bit
- has been on the project continuous from day one - and needs to be
rejuvenated a bit - but has thourough understanding of how bthe entire
project is wired together.

Rob Gay - Finance

Laine Powell - is currently President of the oeprating companies - Cuiaba is
producing 300 mw of power which is being sold and paid for.

Felipe Ospina - modeler - I don't know this guy -  he is relatively new to
the project and seems satisfactory

Would recommend also a fresh set of eyes on the project - not front line
negotiator - but someone good at structuring - or work outs - to review
overall project structure objectively and challange conventional wisdom.

Other folks on the list below can support the dedicated team - part time.

Would tell these guys - this is your only job - and here is your starting
point - new deal.  Your job is not just to close financing - it is to get
Enron's money out or otherwise improve the returns of the project.    You
will get paid based on this point forward.   It will take at least 9 months
to implement a solution that improves our returns or gest more than just
financial close achieved.

This leaves some sticky situations - Rick Lammers has absolutely busted his
ass getting things done and moving the project forward - he has been lead
developer - but has had lots of "help" from Bannantine and the entire team.
Help tended to obscure responsibility and accountability.  I am not sure
anyone could have gotten this thing done by now - but certainly there were
some things that could have been done better - in 20/20 hindsight  - and some
things that can be done better now.  The things that come be done better now
- I am pushing into Laines's area of responsibility this week.  People need
to get rededicated and fired back up - I also think it is kind of difficult
to "take over" the project without making some changes in the way it is being
run.

For the review on Monday - I have asked the following people to present -

Rick Lammers
Laine Powell
Jose Bestard

Also in attendance will be John Novak, Joe Kishkill, Brett Wiggs, Rob Gay and
myself.

The guys asked if Jim Bannantine should be present - I said no - let me know
if you would like him there.

You should see - a brief description of the overall project (not the strategy
- just how it is wired together- where the money is intended to be be) and
then straight to a listing of all things that need to get done to "finish"
the project to the point where we have financial close and a functioning
supply and PPA.

Joe and I and Rob will be in Houston and the rest of the team will dial in a
conference call.

Let me know if the above format is ok.

Pete

---------------------- Forwarded by Peter E Weidler/NA/Enron on 11/29/2000
06:29 AM ---------------------------

Miguel Padron
11/29/2000 04:17 AM
To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Joe
Kishkill/SA/Enron@Enron, Peter E Weidler/NA/Enron@Enron
cc:

Subject: Re: Cuiaba I Team

To all, Here is the Cuiaba I Team....Miguel

---------------------- Forwarded by Brett R Wiggs/SA/Enron on 11/28/2000
10:40 AM ---------------------------

Richard A Lammers
11/27/2000 04:35 PM
Sent by: Richard A Lammers
To: Miguel Padron/SA/Enron@Enron, Brett R Wiggs/SA/Enron@Enron
cc:
Subject: Re: Cuiaba I Team

Cuiaba 1 team currently consists of:

Rick Lammers -lead developer
john novak- legal
Rob G Gay- Finance part time
Traci Bersoni- support Finance part time
Stephen Gray- support Finance part time
Felipe Ospina- project analyst
Gabriela Aguilar  -support -gas part time
Emmanuel Rengade- Sudam financing and Equity Sale
Marcus Stephen-Sudam financing and Equity Sale

Joao Carlos Alberquerque- support PPA
Jose Bestard- support PPA and regulatory

Asset management

Laine A Powell-construction management and operations
Christiaan Huizer-Project analyst

Let me know if I can help furtherh


Hi again,

Delta Power will be making revisions to the LLC for tax purposes.  I've given
them your email address to include you in the distribution.

Kay


FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/31/2000
08:55 AM ---------------------------

Rene Van Hoorde@ENRON_DEVELOPMENT
01/26/2000 08:08 PM
To: ernie@ENRON, Mariella Mahan/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: All Enron Employees North America@ENRON
Subject: Re: Development Center Course Offering

Ernie;

Pls  provide a short description of  Derivative I,II, III  courses.

Rene

Sent by: Enron Announcements@ENRON
To: All Enron Employees North America
cc:

Subject: Development Center Course Offering

March-April Schedule

 Course             Dates
Applied Finance    March 2-3   April 27 & 28
Derivatives I        April 4 & 5
Derivatives II    March 16 & 17  April 6 & 7
Derivatives III    March 7 & 8
Electric Business Understanding      April 4
Fundamentals of Corp. Finance     April 20-21
Power Marketing        April 13-14
Value at Risk    March 9 & 10
Wellhead to BurnerTip   March 21 & 22  April 11 & 12

If interested in attending any of these classes, please enroll through The
Development Center or call the helpdesk at (713) 853-0357.


That would be fine - just give me a call and let me know when you can meet.
JMF

 -----Original Message-----
From: 	Melodick, Kim
Sent:	Tuesday, May 29, 2001 11:59 AM
To:	Forney, John M.
Subject:	RE: Meeting

I just returned from a training class.  Can you meet a bit later this afternoon?

 -----Original Message-----
From: 	Forney, John M.
Sent:	Tuesday, May  29, 2001 9:14 AM
To:	Melodick, Kim
Subject:	RE: Meeting

Kim,
Can we meet around noon?

JMF

 -----Original Message-----
From: 	Melodick, Kim
Sent:	Friday, May 25, 2001 8:53 AM
To:	Forney, John M.
Subject:	RE: Meeting

Tuesday it is.  Let me know when you might be available and I will try to work around your schedule.   -Regards, Kim

 -----Original Message-----
From: 	Forney, John
Sent:	Thursday, May  24, 2001 4:29 PM
To:	Melodick, Kim
Subject:	RE: Meeting

I will be attending a funeral tomorrow,  but I am available to meet on Tuesday.    Thank you for checking back with me.

JMF


Big whoop.
---------------------- Forwarded by Kay Mann/Corp/Enron on 12/07/2000 05:11
PM ---------------------------

	From:  Rebecca Walker                           12/07/2000 05:06 PM

To: Ben Jacoby/HOU/ECT@ECT
cc: Kay Mann/Corp/Enron@Enron

Subject: Coral Energy D&B

Ben

Here is the D&B on Coral Energy, L.L.C.

Rebecca
---------------------- Forwarded by Rebecca Walker/NA/Enron on 12/07/2000
05:02 PM ---------------------------

Cindy Irvin@ECT
12/07/2000 03:59 PM
To: Rebecca Walker/NA/Enron@Enron
cc:

Subject: Coral Energy D&B

Rebecca --
Greetings from eSource!

Attached is the D&B report you requested for Coral Energy.

Give a call with any questions or problems. Thanks!

Cindy -eSource
x3-4558


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 02/20/2001
11:59 AM ---------------------------

	From:  Phillip K Allen                           02/15/2001 01:13 PM

To: stagecoachmama@hotmail.com
cc:
Subject:

Lucy,

Thanks for clearing up the 2/2 file.  Moving on to 2/9, here are some
questions:

#1 It looks like he just missed 1/26&2/9 of $110.  I can't tell if he still
owes $47 on his deposit.

#13 I show she missed rent on 1/26 and still owes $140.

#15 Try and follow up with Tomas about the $95.  Hopefully, he won't have a
bad reaction.

#20b Missed rent?

#26  Has she paid any deposit or rent?

#27 Missed rent?


George:  a rather cynical view, don't you think?


Shirley,
Please, put on my schedule.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2000
03:28 PM ---------------------------

Geraldine Irvine

04/24/2000 11:44 AM
To: Zimin Lu/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vince J
Kaminski/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT,
Thomas A Martin/HOU/ECT@ECT, Jim Schwieger/HOU/ECT@ECT, Chris
Gaskill/Corp/Enron@Enron, Bhavna Pandya/HOU/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Sean Boyle/Corp/Enron@ENRON, Ed McMichael/HOU/ECT@ECT
cc: Mark Breese/HOU/ECT@ECT, Shirley Crenshaw/HOU/ECT@ECT, Airam
Arteaga/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Laura
Harder/Corp/Enron@Enron, Barbara Lewis/HOU/ECT@ECT
Subject: Storage Book/Luken's Storage Model

Please plan to attend a meeting on Thursday, April 27, from 3:00 - 5:00 p.m.
to discuss Luken's storage model and, more importantly, where we want to go
with a storage book.  This meeting will be in EB-30C1.

Any questions, contact Mark Breese (Ext. 3-6751) or Gerri Irvine (Ext.
3-6145).


Dear Mr. Kaminsky,

As a first year MBA student at Rice University I am searching for a summer
internship.  Peter Veruki informed me that you were impressed with the Rice
ALP students working at Enron and may have further opportunities available
for this summer.  Similar to the Enron ALP, I worked on an Action Learning
Project with Phillips Petroleum which involved a pension fund analysis along
with recommendations delivered to senior management.
Prior to beginning my studies at Rice,  I worked as a programmer with El
Paso Energy, working on a proprietary energy trading system
I would like to speak with you concerning opportunities at Enron for this
summer.  Please call me at your earliest convenience.  I can be reached at
home at (281) 480-4894.  I have attached my resume for your consideration.

Thank you,
Aijaz Syed

 - Aijaz Syed Resume.doc


John's number is 203.622.6409

I enjoyed lunch.  Let's do it again but have some margaritas.

Too bad about the write-off but I did enjoy the LJM story in the WSJ.

Jim

_____________________________
Jim Easter
Reliant Energy Solutions
Transaction Development & Support
713-207-3170 - Office
713-898-9481 - Mobile
877-330-0952 - Pager
jeaster@reliant.com


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 05/30/2000
01:00 PM ---------------------------

Angela Barnett
05/30/2000 05:48 AM
To: lsharis@msn.com, Regina Blackshear/Corp/Enron@ENRON, Sandra R
McNichols/HOU/ECT@ECT, Pamela Mitchell/HOU/ECT@ECT, Deborah
Darnell/Corp/Enron@ENRON, Judy Hernandez/HOU/ECT@ECT, Kcurley@tmh.tmc.edu
cc:
Subject: Fwd: Life...

---------------------- Forwarded by Angela Barnett/HOU/ECT on 05/30/2000
05:48 AM ---------------------------

Topey0661@aol.com on 05/27/2000 12:39:35 PM
To: Angela.Barnett@enron.com, Thundhor@aol.com, ObiWon86@aol.com,
Positive777@hotmail.com, JHodge4610@aol.com, TBOY0909@aol.com,
vmeredith@ev1.net, Olirae@aol.com, Ahrobertsxxx@email.msn.com,
joedonna@flash.net, mgr280cr@hal-pc.org, knvjmvgnv@yahoo.com
cc:
Subject: Fwd: Life...

Hi guys: I thought you may enjoy this beautiful letter!
Love,
Olga

Return-Path: <kittenkid_65@yahoo.com>
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21:58:24 PDT
Date: Fri, 26 May 2000 21:58:24 -0700 (PDT)
From: Mary Westbrook <kittenkid_65@yahoo.com>
Subject: Life...
To: mary@proclaimamerica.com
MIME-Version: 1.0
Content-Type: text/plain; charset=us-ascii
X-Mailer: Unknown

Something to think about....

> >>Maybe God wants us to meet a few wrong people
before meeting the right one so that when we finally
meet the right person, we will know how to be grateful
for that gift.
> >>
> >>When the door of happiness closes, another opens,
but often times we look so long at the closed door
that we don't see the one which has been opened for
us.
> >>
> >>The best kind of friend is the kind you can sit on
a porch and swing with,never say a word, and then walk
away feeling like it was the best conversation you've
ever had.
> >>
> >>It's true that we don't know what we've got until
we lose it, but it's also true that we don't know what
we've been missing until it arrives.
> >>
> >>Giving someone all your love is never an assurance
that they'll love you back!  Don't expect love in
return; just wait for it to grow in their heart but if
it doesn't, be content it grew in yours.
> >>
> >>It takes only a minute to get a crush on someone,
an hour to like someone,and a day to love someone, but
it takes a lifetime to forget someone.
> >>
> >>Don't go for looks; they can deceive.  Don't go
for wealth; even that fades away.Go for someone who
makes you smile because it takes only a smile to make
a dark day seem bright.  Find the one that makes your
heart smile.
> >>
> >>There are moments in life when you miss someone so
much that you just want to pick them from your dreams
and hug them for real!
> >>
> >>Dream what you want to dream; go where you want to
go; be what you want to be,because you have only one
life and one chance to do all the things you want to
do.
> >>
> >>May you have enough happiness to make you sweet,
enough trials to make you strong, enough sorrow to
keep you human, enough hope to make you  happy.
> >>
> >>Always put yourself in others' shoes.  If you feel
that it hurts you, it probably hurts the other person,
too.
> >>
> >>The happiest of people don't necessarily have the
best of everything; they just make the most of
everything that comes along their way.
> >>
> >>Happiness lies for those who cry, those who hurt,
those who have searched,and those who have tried, for
only they can appreciate the importance of people who
have touched their lives.
> >>
> >>Love begins with a smile, grows with a kiss and
ends with a tear.

The brightest future will always be based on a
forgotten past, you can't go on well in life until you
let go of your past failures and heartaches.
> >>
> >>When you were born, you were crying and everyone
around you was smiling. Live your life so that when
you die, you're the one who is smiling and everyone
around you is crying.
> >>
> >>
> >>
> >>Please send this message to those people who mean
something to you, to those who have touched your life
in one way or another, to those who make you smile
when you really need it, to those that make you see
the
brighter side of things when you are really down, to
those who you want to let them know that you
appreciate their friendship.  And if you don't, don't
worry, nothing bad will happen to you, you will just
miss out on the opportunity to  brighten someone's day
with this message........

__________________________________________________
Do You Yahoo!?
Kick off your party with Yahoo! Invites.
http://invites.yahoo.com/


---------------------- Forwarded by Robert Badeer/HOU/ECT on 06/26/2000 06:29
AM ---------------------------

Susan J Mara@EES
06/23/2000 01:08 PM
To: Tim Belden/HOU/ECT@ECT, Chris H Foster/HOU/ECT@ECT, John M
Forney/HOU/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT,
Mary Hain/HOU/ECT@ECT, Jeff Dasovich/SFO/EES@EES, Paul Kaufman/PDX/ECT@ECT,
Mona L Petrochko/SFO/EES@EES, Sandra McCubbin/SFO/EES@EES, Bruno
Gaillard/SFO/EES@EES, Roger Yang/SFO/EES@EES, Dennis Benevides/HOU/EES@EES
cc: rcarroll@bracepatt.com, Elsa Piekielniak/Corp/Enron@Enron
Subject: Restructuring Today, Friday June 23, 2000

Article on California "gaming", high prices, possible litigation, and Avista
problems
---------------------- Forwarded by Susan J Mara/SFO/EES on 06/23/2000 02:55
PM ---------------------------

Restructuring Today <season@restructuringtoday.com> on 06/23/2000 12:56:25 PM
Please respond to season@restructuringtoday.com
To: 031601Mara <smara@enron.com>
cc:
Subject: Restructuring Today, Friday June 23, 2000

(see attached file:  rt000623.pdf)

Thank you,

Season Hawksley
Marketing Manager
Restructuring Today
U.S. Publishing Company
season@restructuringtoday.com
www.restructuringtoday.com
1-800-486-8201

 - rt000623.pdf


The next conference call for the Japan Working Group is scheduled for 9am
Houston time (3pm London time) on Tuesday 25 April 2000.  The location of the
meeting in Houston office is 3AC21C2.

The call in details are:

Host name:

Nicholas O'Day
Enron

Confirmation No:  514179

Dial in numbers:

USA = (877) 209 9923

Outside USA = Dial AT&T access number then (612) 332 0530

London AT&T access number: 0800 89 0011

Please find attached below minutes and agenda for your attention.