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May 9, 2001

Peace Software and IBM Sign Customer
Management Deal with Xcel Energy

By Will McNamara
Director, Electric Industry Analysis

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IssueAlerts LIVE FROM THE CIS CONFERENCE NEXT WEEK

Next week I will be attending the 25th Annual CIS conference in  Albuquerque,
N.M. On Wednesday, Thursday and Friday, I will be writing  SCIENTECH's daily
IssueAlert directly from the floor of the conference,  providing you with the
latest news and analysis about emerging technologies  in the energy industry.
Key issues to be addressed at the conference  include CIS / CRM activities,
billing strategies and billing software,  meter reading, the application
service provider (ASP) model, and a  technology forecast for the industry.
Each day at the conference I will  select the most important issue of the day
and provide you with the  independent analysis that you've come to expect
from IssueAlert. So even if  you can't attend the conference, you can still
participate in the dialogue  and information exchange. --Will McNamara

Peace Software announced that it will join with IBM Global Services to
deliver large-scale and advanced technology solutions to utility and retail
energy companies operating in regulated and deregulated markets. Using
"state-of-the-art and proven approaches," IBM Global Services and Peace
Software will plan, develop, test, and deliver customer-specific
implementations of Peace's Energy suite. Services will span the life cycle of
an installation from rapid deployment through production site enhancement and
maintenance. Peace and IBM have secured a contract to provide full customer
management services for Xcel Energy, which expands upon a strategic alliance
that has already existed between the utility and IBM.

Analysis: Both Peace Software and IBM have been aggressively pursuing the
same customer management space for some time. The fact that the two companies
have now come together to combine their unique skill sets establishes a
strong competitive force in this fast-growing arena, which can include
outsourced billing, meter reading, data collection, customer care, CRM, and
CIS systems. IBM Global Services, as an information technology services
provider, brings an operational and management capability for back-office
requirements. In turn, Peace Software provides a unique suite of billing and
customer data software that many utilities are purchasing as they move from
legacy systems to more flexible solutions.

As noted, Peace Software and IBM Global Services immediately followed the
announcement of their partnership with a new multi-million, five-year
contract with Minneapolis, Minn.-based Xcel Energy. Under the contract, the
two companies will implement Peace's Energy suite to support Xcel's 3.5
million regulated and deregulated electricity and gas customers located in 11
Western and Midwestern states. In addition, the Peace suite will be used to
support Xcel Energy's participation in Texas' deregulation pilot program,
which begins in June. The project will replace Xcel Energy's mainframe and
client / server legacy system. The implementation plan for Xcel Energy
includes all customer management, commodity billing and Internet components
that are offered in the Peace Energy software.

The contract with Xcel expands upon an already-established alliance between
IBM and the utility that dates back to 1995 (IBM originally contracted with
Public Service Co. of Colorado, an early predecessor to Xcel Energy). Under
the $400 million, 11-year alliance, IBM has provided data-center operations
and disaster recovery for Xcel Energy, including networking, help desk, PC
and LAN support, distributed services support, and application development
and maintenance services. Through the agreement, Xcel Energy awarded IBM
"preferred provider status," making IBM the vendor of choice for any IT
products and services that the utility may need.

In this next phase of the partnership with Xcel, IBM appears to be moving the
focus on a mainframe and client-server system to a packaged product for Peace
Software. This is a major step for Xcel, as many utilities still retain
internal control over their own applications and are reticent to outsource
these functions to an outside company. In addition, this is a huge deal for
Peace and IBM as they may be planning to eventually extend the platform
beyond the partnership with Xcel.

In fact, Xcel Energy is just the latest in a growing list of competitive
utilities and energy companies that have outsourced or replaced their billing
/ customer care needs. In competitive markets, a prerequisite for the
continued growth of an energy company or utility is a comprehensive billing
software system that can handle the complexities of an unbundled environment,
which is where the value of Peace Software comes in. Most competitive retail
providers realize that they must be able to provide customers with online
energy usage and billing data on a 24/7 basis. Further, as competitive energy
providers operate in different states, it is important that they eliminate
the different automated and manual processes that are common in legacy
systems. This can result in a real cost savings for an energy company as it
can eliminate back-office functions such as taking calls for final reads and
address changes, all of which can be handled directly by the customer through
online software.

An energy company basically has two options with regard to billing / customer
care solutions. The first option is for the energy company to purchase the
billing software directly from a software provider such as Peace and manage
its own billing needs. The second option is to completely outsource the
entire billing / customer care services to a company such as IBM Global
Services. By joining forces, Peace Software and IBM are anticipating that
energy companies will be inclined to not only select the Peace software, but
also opt to use IBM Global Services' implementation and management services.

Peace's Energy software, which reportedly is being rapidly deployed in 20
transitioning energy markets around the world, is designed to provide several
self-serve features, including customer enrollment, summary billing, more
flexible due dates and electronic payment options. The Energy suite was
developed for retail energy companies and is capable of handling many
functions required by retailers, from enrollment and registration to billing
to settlement and load forecasting. The last two features are particularly
noteworthy as, up to this point, they have been rarely found in billing
software. Many systems in the United States today are building this
competency or are "bolting on" the technology; Peace already offers it in an
integrated tool.

Peace's Energy Version 6 software, which was released in December 2000, is
billed as the first e-business solution to integrate customer and commodity
management. The upgraded features of Energy Version 6 include B2C e-commerce
functions, an advanced third-generation browser user interface (BUI),
enhanced billing capabilities and expanded industry-standard support for the
Oracle 8i database system. The result of these technical improvements,
according to Peace, is a "capability to exploit the latest Web browser
technologies to support and streamline large scale, mission-critical customer
service operations." Further, the Energy software is centered around the UNIX
operating system and thus can be moved and upgraded from one hardware
platform to another. The Energy software can accommodate billing services
around natural gas, electricity, water, home security, and home mortgaging.
The end result is that an energy service provider can group all of its
services into one bill stating one cost, which is a market edge against
competitors that only provide multiple billing.

On its own, Peace Software has become a dominant player in the energy billing
software market, offering its "one-stop-shop" billing tool to a variety of
utilities and energy companies. Peace boasts customers such as AEP,
MidAmerican Energy, Enron, BC Gas, Dominion Retail, Nordic Electric, Exelon
Energy, and Pepco Services. Peace has also entered the Canadian gas market by
implementing its Energy suite at BC Gas, headquartered in Vancouver. The
company is based in Miami and maintains a large presence in its country of
origin, New Zealand, the first country to deregulate its electric utility
market.

The company has used strategic partnerships as one method of growing its
business. Prior to this partnership with IBM Global Services, Peace Software
announced in early April an alliance with Exolink, a provider of retail
energy business process integration services. Under this partnership, Peace
and Exolink are marketing a platform for energy retailers in both regulated
and unregulated markets in which customer data can be shared in and out of
multiple markets. Peace also just signed a contract with Delinea, a vertical
services provider, in which Delinea has licensed Peace's Energy software as a
customer management application targeted at mid-sized utilities.

However, the billing / customer care market is arguably one of the most
competitive businesses to have emerged from electric deregulation.
Consequently, the list of competitors that Peace Software and IBM Global
Services face grows literally every month. I cannot list all of the
competitors here, but a few are worth mentioning as they have grown at a
similar pace to Peace and IBM. Such competitors include Alliance Data Systems
(ADS), ConneXt, Enlogix, Excelergy, Itron's MV-PBS, LODESTAR, Orcom
Solutions, SCT Banner, SPL Worldgroup, and US Power Solutions. Some of these
companies offer just the software solution, which is licensed to utilities or
energy companies, while others serve as the outsourced management company
that implements the software package. The partnership between Peace Software
and IBM Global Services runs parallel to similar partnerships between ADS /
Excelergy and Enlogix / SCT software.

Currently, SCIENTECH is witnessing a trend away from large license-only
agreements and into Strategic Sourcing agreements. In the customer care field
today, Enlogix is the largest application service provider with over 3
million end customers in production today. Orcom is the second largest, with
over 1 million "live" customers. Realistically, it will be about two years
before Peace and IBM are able to fully migrate all of Xcel's 3.5 million
customers to the Peace software. However, if this transition materializes, it
could represent the largest outsourced customer care contract to date.

An archive list of previous IssueAlerts is available at
www.scientech.com

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long-standing reputation as an expert on  energy issues.

Copyright 2001. SCIENTECH, Inc. All rights  reserved.


---------------------- Forwarded by Daren J Farmer/HOU/ECT on 03/03/2000
01:03 PM ---------------------------

Tori Kuykendall
03/03/2000 12:44 PM
To: Daren J Farmer/HOU/ECT@ECT, Randy Wilson
cc:
Subject: Fwd: wazzzup 2nd version

---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 03/03/2000
12:32 PM ---------------------------

	From:  Garrett Tripp                           03/03/2000 11:28 AM

To: Mike Grigsby/HOU/ECT@ECT, Tori Kuykendall/HOU/ECT@ECT, Frank
Ermis/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT
cc:
Subject: Fwd: wazzzup 2nd version

---------------------- Forwarded by Garrett Tripp/PDX/ECT on 03/03/2000 11:23
AM ---------------------------

Carla Hoffman
03/03/2000 08:05 AM
To: Cara Semperger/PDX/ECT@ECT, Garrett Tripp, Phillip Platter/HOU/ECT@ECT,
Julie Sarnowski/HOU/ECT@ECT
cc:
Subject: Fwd: wazzzup 2nd version

---------------------- Forwarded by Carla Hoffman/PDX/ECT on 03/03/2000 08:08
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Donnie Vinson <donnnie97@yahoo.com>
03/03/2000 08:00 AM

To: jeeppeople@aol.com, monstikalande@yahoo.com, carla.hoffman@enron.com,
jeffrey.miller@enron.com
cc:
Subject: Fwd: wazzzup 2nd version

Note: forwarded message attached.

__________________________________________________
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Talk to your friends online with Yahoo! Messenger.
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<hcrs1@home.com>,<cmcinturff@rya.com>, <anneguidry@smmff.com>,
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too damn funny

 - waz.avi


My vote is similar.  Since we all ready have four adding another will cause
logistical problems.  I would suggest that we strongly urge her to seek
another smaller group.  By the way, why doesn't her original group want her
back if the only problem was that she was out of the country?

Dylan

At 01:40 PM 10/2/00 -0500, you wrote:
>
>Ok, cut the shakespeare.  What's your vote?  She wrote again in inquiring.
>
>


John--this is the recap from Thursday afternoon of RTO week.  Although Andy did not focus on it in his report, there was an individual who sat on the panel from Missouri that did a fantastic job of supporting FERC and market postitions despite the fact that he is a public power guy.  His name is Bill Burks and he is the Associate General Manager of the City Utilities of Springfield, Missouri.  In his comments he stated that his utility was "wholeheartedly supporting FERC moving forward to push for on RTO" and then went on to talk about how Missouri is going to continue to suffer from seams issues if FERC doesn't stick to their guns on just a few major RTOs.

He stated that "flexible" standardization would not work and that the FERC should put out a platform of standardized tariffs and if there was some utility or group of stakeholders that thought they were special or unique or different, then the burden of proff should be on them to petition FERC for an exemption, not the other way around.

I'm thinking that this gentlemen would be an excellent choice for a committee hearing if you have the opportunity to suggest folks to testify in the future. IF you are able to get transcripts from RTO week, it might also be worth it to review his comments and pass them on as appropriate.

-----Original Message-----
From: Rodriquez, Andy
Sent: Thu 10/18/2001 4:46 PM
To: Black, Tamara Jae; '/o=ENRON/ou=NA/cn=Recipients/cn=notesaddr/cn=a478079f-55e1f3b0-862566fa-612229'; Abler, William; Aggarwal, Anubhav; Allen, Diana; Arora, Harry; Bailey, Debra; Ballato, Russell; Ballinger, Ted; Baughman Jr., Don; Benchluch, Moises; Benjelloun, Hicham; Benson, Robert; Bentley, Corry; Blaine, Jay; Bolt, Laurel; Broderick, Paul J.; Broussard, Richard; Burnett, Lisa; Campbell, Larry F.; Capasso, Joe; Carson, Mike; Chen, Alan; Choate, Jason; Cline, Kevin; Collins, Dustin; Comeaux, Keith; Coulter, Kayne; Davis, Mark Dana; Day, Smith L.; Dean, Clint; Decook, Todd; Emesih, Gerald; Errigo, Joe; Forney, John M.; Freije, William; Garcia, Miguel L.; Gilbert, Gerald; Gilbert-smith, Doug; Giron, Gustavo; Greer, Andrew; Gualy, Jaime; Guerra, Claudia; Gulmeden, Utku; Gupta, Gautam; Ha, Amie; Hanse, Patrick; Hernandez, Juan; Imai, Rika; Ingram, David; Jenkins IV, Daniel; Kaniss, Jason; King, Jeff; Kinser, John; Larkworthy, Carrie; Laurent, Dean; Laverell, Justin; Lenartowicz, Chris; Lorenz, Matt; Lotz, Gretchen; Lowell, Thomas; Mack, Iris; Mahajan, Ashish; Makkai, Peter; Marquez, Mauricio; Maskell, David; May, Tom; McElreath, Alexander; Miller, Jeffrey; Oh, Seung-Taek; Olinde Jr., Steve; Pace, Andy; Padron, Juan; Pan, Steve; Philip, Willis; Podurgiel, Laura; Poppa, John D.; Presto, Kevin M.; Quenet, Joe; Rawal, Punit; Rogers, Benjamin; Rust, Bill; Ryan, David; Saibi, Eric; Schiavone, Paul; Schneider, Bryce; Seely, Michael; Serio, Erik; Shoemake, Lisa; Simpson, Erik; Stalford, Robert; Stepenovitch, Joe; Sturm, Fletcher J.; Symms, Mark; Tamma, Ramanarao; Thomas, Paul D.; Trejo, Reese; Valdes, Maria; Vernon, Clayton; Wang, Steve; Williams, Ryan; Willis, Cory; Zipperer, Mike; Baughman, Edward D.; Clynes, Terri; Dalton III, Oscar; Kelly, Mike E.; Sewell, Doug; Valderrama, Larry; Walton, Steve; Roan, Michael; Perrino, Dave; Maurer, Luiz; Hueter, Barbara A.; Landwehr, Susan M.; Hoatson, Tom; Novosel, Sarah; Nicolay, Christi L.; Yeung, Charles
Cc:
Subject: RE: RTO Week -- Summary of Standards and Practices Panel

RTO Week

Day 4 - October 18, 2001

Afternoon Session

Standardizing Markets, Business, and Other Practices

Panelists for this discussion were:  Sarah Barpoulis, PG&E National Energy Group; William P. Boswell, GISB; Bill Burkes (substituting for David J. Christiano), City Utilities of Springfield, Missouri; David N. Cook, NERC General Counsel; Michael Kormos PJM Interconnection; LeRoy Koppendrayer, Minnesota Public Utilities Commission; and Marty Mennes, Florida Power & Light Company.

General Observations

The Commissioners were all present the majority of the time (Massey left late in the  afternoon).  FERC Staff was active in the discussion; however, the commissioners were very active as well, asking perhaps as much as 70% of all questions.  There was a general consensus that standards were needed; much discussion focused simply on how much and by who. The Commission seemed very interested in leaning what they needed to do to move the industry forward and how far they needed to go.  Panelists urged the need to mover forward as quickly as possible, but both they and FERC seemed to recognize that some of the issues regarding standardized market design and such needed to be addressed before RTOs could really begin to move forward.  There was discussion on identifying which industry group (NERC or GISB) would take the reins in the future.  On an interesting tangential note, there was noticeable conflict between NERC and GISB, with veiled insults between the two organizations somewhat common during the discussions.

FERC Deliverables

A great deal of the discussions focused on identifying what the industry needed from the Commission.  Staffers probed all panelists to find what they felt was critical.

The first major topic was "How many RTOs?  What is their scope?"  All panelists seemed to agree that this question needed to be answered immediately by FERC, in strong definitive language.  N o one offered any specific language, but seemed to be urging FERC to issue a formal statement.

The next topic was, "What will be standard market design?"  Panelists varied on this, but most felt strong guidance from FERC is urgent.  Some urged for one mandatory design for North America, one supported a set of rigid standard designs, one supported a single design with requests for exceptions (followed by an in-depth review process), and one seemed to prefer the current situation.

The commission in general seemed to be very interested in understanding what the industry needed to move forward.  They continually visited this topic throughout their discussions, asking questions like, "Do we need to issue a Mega-Order that addresses all these issues?" and, "How much detail do you need us to provide?"   General feel from the panelsists seemed to be they wanted strong leadership in this areas.  Kormos and Burkes went so far as to say FERC should "Mandate as much as they felt comfortable - and then go a little further."  Others seemed to be a little worried about this idea, but in general did not oppose the concept, citing only general warnings and the need for cautious investigation.

One item of interest: Wood referred to the filing made by the Electronic Scheduling Collaborative and specifically asked if the items identified in the "RTO Design and RTO Implementation" section would address many of the questions and uncertainty facing the industry with regard to RTO design.  Kormos indicated that clear and specific answers to these questions specifying a course of action would go a long way toward guiding the industry.  The section to which Wood referred was one that I wrote, and asked the following questions:

?         Congestion Management - When Operational Security Violations occur, how is the system to be stabilized in a fair and equitable manner that is nonetheless efficient?  Will LMP based systems be standard, or will there be others that must be accommodated?

?         Transmission Service  - Are transmission services required to schedule ("covered" schedules only), or are they risk management tools protecting from congestion charges (both "covered" and "uncovered" schedules are allowed)?

?         Loop Flows  - Are contract-path based or flow-based transmission services appropriate?  If contract-path based, how are parallel path issues to be addressed?

?         Grandfathered Transmission Service - Should contracts existing prior to RTO development be transferred, or is there an equitable way to retire those contracts?  Are there other solutions?

?         Energy Imbalance Markets - How are imbalance markets to function? Will they serve as real-time energy markets (support unbalanced schedules), be limited to supplying needs of imbalance service (require balanced schedules), or will they be required at all?

?         Ancillary Services - Will ancillary service markets be developed in standard ways?  Will entities be required to actually schedule ancillary services (required to schedule), or will they be treated primarily as financial instruments (protecting against real-time POLR charges)?

?         Losses - Can we utilize the imbalance markets to support losses?  Can we create specific loss standards that facilitate the scheduling process, or must we support methods that are currently in tariffs, but technically unwieldy?

?         Non-Jurisdictionals - How are non-jurisdictionals to be integrated into the new world?  Should systems be designed with the assumption that non-jurisdictional will be part of an RTO?  Or should they be designed to treat each NJE as a separate entity?

Hopefully, FERC will use this section as a template to answer these critical questions in an assertive manner, and give some solid direction in which to move. Kormos emphasized the need for concrete answers to these questions, pointing out that vague answers (i.e., "do congestion management") will take a year or two to resolve, but specific answers (i.e., "LMP with financial hedging instruments") will take only months.  The Commission asked Mike about moving forward, and he told them that effectively, it was impossible to move forward with implementation without getting these issues addressed.

Now for a  funny point - One of the commissioners (I think Breathitt) referred to some concerns expressed in the Northwest that their high concentration of hydro power makes LMP inefficient for the Northwest.  Kormos flat out said, "My profession is understanding how power systems work, and I don't believe that that statement is true."  He then backpedaled a bit and said that it would need more study, but he stood by his statement that the assertion by the Northwest interests was false.

NERC and GISB

A great deal of discussion focused around the need for a single standard-setting organization.  Massey went so far as to ask, "Are we looking at a beauty contest between NERC and GISB?"  Cook and Boswell then went into several short polite jabs at each other's organizations.  Other participants continually reiterated the need for ONE, INDEPENDENT organization.  Interestingly, Boswell was very emphatic about the established trust and respect in GISB, while Cook preferred to only talk about the "new" structure of NERC and did not focus on its history.

Brownell offered some not-too-subtle passive support of GISB by pointedly asking both Cook and Boswell if they lobbied political positions (i.e., were they not only an organization but also a stakeholder?).  GISB was easily able to say they were not, but NERC of course had to admit to their romancing of Congress and the Bush administration for reliability legislation. Point, Brownell.

Mennes acted as somewhat of a supporter for NERC, playing Dave Cook's yes-man.  He probably did them a little bit of harm by pointing to NERC's supposed "successes," such as TLR and E-Tag.  If staffers have tenure, they will likely remember that these "successes" have not been so successful, resulting in several filings and interventions.  We may also wish to file comments in specific objection to these claims, to refresh their memory and to show the pretty picture Marty painted was in fact a fiction.

There was a little discussion about splitting reliability and market issues, but general consensus was that I could not be done.  There was also some talk of folding NERC under GISB/EISB.

The arguments began winding down after a some time, and Boswell strongly urged the Commission to speak to industry executives and advocacy group leadership to see whether NERC or GISB should lead the industry forward.  NERC somewhat less enthusiastically supported this position.  In general, I would say it was a close fight but GISB came out more on top.

Let me know if you have any questions.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


Attached please find the 2000 Weekly Cost Summary Reports for the week ending
February 25th.  If you have any questions, please give me a call.  Thanks Amy
3-7805


471946
jeff

should be on peak hours 400 mw


you need to talk to someone in scheduling because I do not path gas.


The McKinsey Quarterly Newsletter: January 2002
  If you would prefer to view this newsletter as a Web page, point your Web browser to: http://www.mckinseyquarterly.com/newsletters/2002_01.htm   [IMAGE]  Greetings from The McKinsey Quarterly!  How does a bull market differ from a bubble? The question is more than academic. If history's greatest bull market was really a speculative bubble, the United States faces prolonged economic stagnation-much like the aftermath of nearly every speculative explosion from Holland's tulip mania to Japan's "bubble economy."  Certainly, some of the recent US stock market euphoria wasn't justified. But the underpinnings of the US economy-unlike Japan's-are sound. Twenty-five years of deregulation, healthy competition, and renewed entrepreneurship have made the US economy stronger than ever.  A yearlong research project by the McKinsey Global Institute (MGI) found that US productivity growth rates nearly doubled during the late 1990s, from 1.4 percent (1972-95) to 2.5 percent (1995-2000). The primary source of these gains, reports MGI, wasn't, as some economists have claimed, increased demand resulting from the stock market boom. Nor was it information technology.  "What's right with the US economy ," based on MGI's report, argues that the secret behind the new economy is old-fashioned competition and managerial innovation. That offers ample reason for optimism.  See you at the site!  Lang Davison Editor, mckinseyquarterly.com  [IMAGE]  This month at mckinseyquarterly.com   Retail: The Wal-Mart effect   Retail may be the last place you would expect a productivity miracle. Yet retail productivity growth explains nearly one-quarter of the economy-wide acceleration in productivity that occurred in the United States during the late 1990s. The reason can be stated in two syllables: Wal-Mart.  Computers: Why the party's over   The computer- and semiconductor-manufacturing industries account for a further one-quarter of the jump in the US productivity growth rate during the late 1990s. But the tide has since turned for the worse-and the industries' fortunes may not improve in the next three to five years.  Banking: The IT paradox   Surprisingly, dismal productivity growth trends in the banking industry stand in contrast to the success stories in other parts of the US economy. It wasn't for lack of trying-the industry's IT investments accelerated substantially. Why did its labor productivity growth rates actually fall?  A tune-up for China's auto industry   Most global automakers have had big investments in China only since 1999, so it may seem odd to advocate scaling them back now. Yet an asset-light strategy in China would allow carmakers to concentrate on what they do best-developing products and brands-while contracting out the full production of autos, and not just components, to Chinese manufacturers.  For nonprofits, time is money   It isn't hard to fathom why nonprofits distribute their money cautiously. Yet society pays a price when foundations and nonprofit organizations stockpile their assets. The authors of this piece argue that generously endowed nonprofits should spend their wealth sooner rather than later.  [IMAGE]  Top 5 most popular articles in Health Care   A new model for disease management  Unlocking the value in Big Pharma  Health on-line-the best will get bigger  Pharma: Can the middle hold?  Hospitals get serious about operations   [IMAGE]  The McKinsey Quarterly Reader   Read the Reader! Our current PDF bundle is "Strategy in an uncertain world ."  Note: Adobe Acrobat Reader version 3.0 or higher is required. The large file size (740K) may require a lengthy download time for users without a broadband connection to the Internet. [IMAGE]  Share the wealth!  If you know colleagues who would be interested in The McKinsey Quarterly, please forward this e-mail message to them . [IMAGE]  You are receiving this monthly newsletter because you are a registered member of mckinseyquarterly.com , the on-line business and economics journal published by McKinsey & Company, and have requested this information be sent to you.  Visit your member profile to change your subscription preferences.  There, you may unsubscribe from this newsletter, subscribe to other McKinsey Quarterly e-mail services, change your e-mail address, and make other revisions to your member account.  To unsubscribe from all McKinsey Quarterly mailing lists, click here  to e-mail us your request. YOU WILL RECEIVE NO FURTHER E-MAIL from The McKinsey Quarterly if you take this action.   PLEASE DO NOT REPLY TO THIS MESSAGE. Address questions or comments to: quarterly_info@mckinsey.com

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Per emails below, Mike Robison, attorney (x36667) and Nony Flores, Paralegal
(x37541) will handle.
----- Forwarded by Tana Jones/HOU/ECT on 09/12/2000 08:49 AM -----

	Dan J Hyvl
	09/12/2000 08:15 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL-Marathon Ashland Petrolleum

Alan indicated that he would have Mike and Nony handle this matter.
----- Forwarded by Dan J Hyvl/HOU/ECT on 09/12/2000 08:15 AM -----

	Alan Aronowitz
	09/08/2000 06:05 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: EOL-Marathon Ashland Petrolleum

Yes, I'll have Mike and Nony handle.

Alan

	Dan J Hyvl
	09/08/2000 09:50 AM

		 To: Alan Aronowitz/HOU/ECT@ECT
		 cc:
		 Subject: EOL-Marathon Ashland Petrolleum

Alan,
 Is this something that someone in your group should respond to?
----- Forwarded by Dan J Hyvl/HOU/ECT on 09/08/2000 09:48 AM -----

	Tana Jones
	09/08/2000 09:43 AM

		 To: Jeffrey T Hodge/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc: Andrea Hauser/NA/Enron@Enron
		 Subject: EOL-Marathon Ashland Petrolleum

Andrea Hauser w/EnronOnline called and said that Marathon has a problem with
the terms of the online GTC's (default language) for LPG, petrochems, and
refined products and would like to talk to one of our lawyers.   Marathon's
lawyer is Rhonda Stinemyer and her # is 713/296-2408.  Can you let Andrea
know who will be handling this.

Thanks.


---------------------- Forwarded by Chris Germany/HOU/ECT on 12/27/99 01:51
PM ---------------------------

pdrexel@columbiaenergygroup.com on 12/27/99 01:38:04 PM
To: Dan Junek/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT
cc:
Subject: REVISED ALREADY - CNG JAN 00 numbers

---------------------- Forwarded by Paul Drexelius/CES/ColumbiaGas on
12/27/2000 01:44 PM ---------------------------

Heidi Boyd
12/27/99 01:43 PM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas
cc: Noel Bartlo/CES/ColumbiaGas@ColumbiaGas, Paul
Drexelius/CES/ColumbiaGas@ColumbiaGas
Subject: REVISED ALREADY     - CNG JAN 00 numbers

Please up that to 2,300 dth's/day     starting   1 JAN 2000.

Thanks again!

---------------------- Forwarded by Heidi Boyd/CES/ColumbiaGas on 12/27/99
02:41 PM ---------------------------

Heidi Boyd
12/27/99 02:41 PM

To: Morgan Sharifi/CES/ColumbiaGas@ColumbiaGas
cc: Paul Drexelius/CES/ColumbiaGas@ColumbiaGas, Noel
Bartlo/CES/ColumbiaGas@ColumbiaGas
Subject: CNG JAN 00 numbers

Hi Morgan,

Please schedule a daily total of 2095 to NYSEG off of CNG for Jan 2000.

Thanks!


Mark,

I'd like to get an electronic copy of the subject document.  Klaus tells me
that you have one for our Indian Mesa electronic files.  Could you tell me
where it is located on the network or forward it to me?

Thanks, Jeri


Please find the interview packet for the above-referenced candidate.  The
interview will occur on Thursday January 11, 2001.  Please print all
documents for your reference.  A hardcopy of the resume will be delivered via
runner.  If you have any questions, or conflicts of schedule, please do not
hesitate to call me.

Shawn Grady
58701


---------------------- Forwarded by Darron C Giron/HOU/ECT on 08/25/2000
12:46 PM ---------------------------

Daniel Falcone@ENRON
08/23/2000 03:17 PM
To: Laura Luce/Corp/Enron@Enron
cc: Darron C Giron/HOU/ECT@ECT
Subject: 8/22/2000 Enovate DPR

As requested, here is an unprotected copy.  If anything else is needed,
please do not hesitate to contact me.

Daniel Falcone
713-853-3429


In support of Enron,s continuing efforts to increase its return on invested
capital and direct resources towards our highest return businesses, David
Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enron
APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank
Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts in
a corporate wide effort, to help monetize some of Enron,s assets.  David will
help transition the CALME business activities into other parts of Enron while
working with Mark on the asset monetization projects.  David will continue as
an Executive Vice President for Enron Corp and a member of Enron,s Executive
Committee.  Cliff Baxter will oversee this effort.

Consistent with these changes, the CALME group will be divided as follows.
Enron Global LNG and Enron,s Caribbean Basin activities will become part of
the new Enron Global Markets (EGM) group headed by Mike McConnell.  Rick
Bergsieker, President/COO of LNG will continue in that role and in his dual
role as President/COO of Enron Middle East, which will also join EGM. Shawn
Cumberland, President and COO of the Caribbean Basin unit and his executive
team will carry out the transition process for the Caribbean business unit's
people and businesses as part of EGM.  Management of its Colombia and
Venezuela businesses will transfer to Enron South America and its LNG-related
activities to EGM as described above.

The EES related initiatives and people will be transferred to those units.
All of the various international businesses will participate as usual in the
upcoming budget process with their new alignment and continue to meet their
plan targets for 3rd and 4th quarters.

Concurrently, we are consolidating our trading and merchant activities in
Japan and Australia into Enron Europe.  Joe Hirl and Paul Quilkey will report
to Enron Europe,s Office of the Chairman.

We congratulate David Haug and Rebecca McDonald for proposing these
realignments, which we agree, will maximize both the financial and
intellectual capital in Enron.  Over the coming weeks, specific assignments
and reporting relationships will be determined and communicated.


BBT Fund (Bass Family):
We are currently filling out the paperwork for the BBT Fund which is set to  fund July 1 ($100k in Partnership, $250k personally).  I was  discussing with Andrew Linbeck, who works for Redstone Consulting and  introduced us to the Fund, the issue of using the fund as collateral.   He said that his clients have had some success with borrowing against the  Fund.  More importantly, one had borrowed from Bank of America (BA),  so a precedent has been set.  Andrew was not familiar with our BA contacts,  but said that he would be more than happy to familiarize them or any of our  other banking relationships with the BBT Fund.  If you recall, the Fund is  basically a bond alternative that has historically generated around 3 times  the risk free rate.  He has seen clients borrow against 40% to 50% of the  Funds value.

I am going to pursue this further by initially having Andrew meet with BA  and Compass.  I told Andrew that if he can help get our lenders comfortable  with it, then we would be more likely to build our position in the  Fund.

Aspen/Galveston Houses:
Still moving ahead.  I know you want to keep Aspen #1 out, at least  initially.  I am working with Jim Braniff, IV on the  insurance.  Jim and some of Gallagher Braniff's higher-ups have been  very involved, as well as interested in the outcome of all of this.  I  think that they might want a similar structure for themselves or other wealthy  clients that have similar circumstances.  Anyway, we are trying to address  all the issues on all fronts to ultimately protect you, your assets, and the  Partnership.

Braeswood & Kirby Apt. Development - Shawn  Gross:
The capital required is still being determined, but should be between $1.6  million and $2.2 million.  Per your request, you will have 10% and the  Family Partnership will have 8%.  I can lower  the Partnership's amount if you desire, but I thought somewhere  between 5% - 10% was good.  I am personally investing 2%.  Not sure if  the rest of the siblings are going to participate.

Family Partnership - Cash Flow &  Commitments:
As you know, the Family Partnership is in need of liquidity due to the  following: (i) monthly distributions; (ii) capital calls from outstanding  long-term commitments; (iii) additional costs associated with transferring the  homes into the partnership; (iv) funds to develop/maintain Aspen #4.   Currently, the only source of inflows is coming from the sale of options, which  is not generating enough (@ $53/share approx. $675k/mo.).  This month alone  the Partnership paid out approximately $700k in capital calls for long-term  commitments: $588k - SRE Properties, $97k - TCW/Hines Emerging Mkts R  E.  I know that you do not want the Partnership to borrow from  you, but today we had know choice so we borrowed $100,000 against your  BA line.  As we previously discussed, the only alternative would be to sell  a larger (one time) amount of options or exercise and hold.  Unfortunately,  all of the illiquid investments have yet to distribute anything meaningful of  recent.
Family Partnership scheduled payments/outstanding  commitments:
1)    $210,000 - (due early June) Monthly Distributions to  the partners
2)    $200,000 - (due June 6) Vanguard Ventures cap  call
3)    $128,000 to $176,000 - (due mid June) Shawn Gross  development
4)    $400,000 to $450,000 - (June 30) Sterling Group
5)    $100,000 - (July 1) BBT Fund
6)    approx. $6.8 million exposure to outstanding  long-term commitments (after Vanguard & Sterling are funded)
7)    transfer of homes into the partnership would require  an additional est. $170,000 per month (approx. $2 million annually, including  Aspen#1); excludes the additional costs of Aspen #4 to be developed (est. $2.4  million) and maintained.

Upcoming meeting with Goldman Sachs:
Pete Coneway left me a message confirming our meeting at 3pm of June  13th.  Those scheduled to be present are Pete Coneway, Stacey Eastland,  Jeff Daly, two other Goldman guys flying in from NY, Barry Margolis, Jan Phipps  and me.  I wanted to reconfirm the meeting with you before I call Pete  back.

I hope Spain is/was enjoyable.  Will talk to you soon.

Beau


Sue, I think it would be very good to invite the people below.  We may want to talk about a
	modified version in the future for the rest of the teams.  The only other person we might
	invite is Mike Bodnar just because I have him as the point person with Chris on the third
	party storage.  If possible I definitely want to attend.  Thanks. Lynn

 -----Original Message-----
From: 	Neville, Sue
Sent:	Thursday, November 01, 2001 9:41 AM
To:	Blair, Lynn
Subject:	Storage 101

Lynn,

I am presenting Storage 101 training class on Wednesday November 7th from 2-3:30 p.m.  I am trying to keep the group at a manageable size so am just inviting marketing.  However, I wanted to know if you thought it would be a good idea to invite you, Steve J., Gary S. Darrell, John B. and Terry K. and Chris Greely (as she schedules 3rd party storage for us)?  I can't invite all of market services at this time.  I'm not sure if I want to give it to all of market  services even at a later date due to the confidential nature of the information.  What do you think?

Sue


Attached are proposed deal terms for Devon Energy.

Tyrell Harrison
303 575 6478


Joe:

This e-mail will confirm the site visit by your company at Gleason and
Lincoln.  The relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for Gleason and
Lincoln, handling all questions and responses.  Should you have any due
diligence questions or require copies of any oversized documents, please
contact me at 713.853.7998.


Click on the following URL....and then hit New Product! about the middle of
the screen.  You can now enter in city ids and get current weather
observations from those cities.  It will automatically update as new
information comes in.

http://ecthou-webcl1.nt.ect.enron.com/research/Weather/WeatherMain.htm

If you need help with station identifiers, let me know.

Jay


With deep regret we announce that Joe Sutton, Vice Chairman of Enron, has
decided to leave the company.  Joe has indicated his desire to pursue other
opportunities in the energy asset development and operations business.

Joe has been instrumental in making Enron a global company.  We will miss his
energy and enthusiasm.  We wish Joe the very best as he pursues new endeavors.

Ken and Jeff


Jeff Dasovich is taking the lead.

Jim

	Vicki Sharp@EES
	03/10/2001 10:35 AM

		 To: Dan Leff/HOU/EES@EES, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Sandra
McCubbin/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron
		 cc: Donna Teal/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Douglas Huth/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Jeff Messina/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
		 Subject: Re: URGENT - ACTION - Meeting Notice = 3/11/01

UC/CSU has brought an action in Federal Court in Oakland seeking to have its
physical delivery service returned to direct access.
Would the  regulatory affairs team I am copying on this letter decide who the
point person should be for us to communicate with.  We would hope  that you
could participate in the call or we could debrief you afterwards.   Thanks.

Dan Leff
03/10/2001 05:56 AM
To: Donna Teal/HOU/EES@EES
cc: Vicki Sharp/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Douglas Huth/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Evan Hughes/HOU/EES@EES, Jeff Messina/HOU/EES@EES, Mike D
Smith/HOU/EES@EES
Subject: Re: URGENT - ACTION - Meeting Notice = 3/11/01

Mike Smith needs to be involved in all of this communication

Thank you - Dan

Donna Teal
03/09/2001 10:48 PM
To: Vicki Sharp/HOU/EES@EES, Tom Riley/Western Region/The Bentley
Company@Exchange, Douglas Huth/HOU/EES@EES, Peggy Mahoney/HOU/EES@EES, Marty
Sunde/HOU/EES@EES, Dan Leff/HOU/EES@EES, Evan Hughes/HOU/EES@EES
cc: Jeff Messina/HOU/EES@EES
Subject: URGENT - ACTION - Meeting Notice = 3/11/01

Please plan to attend this meeting; Tom and Doug, please call in.

Date:  Sunday, March 11
Time:  1:00 - 5:00 pm
Location: EB872
Topic:  UC/CSU
Host:  Jeff Messina
Dial In No.: 1-800-991-9019
Passcode: 6 0 6 9 9 6 3

Conference call phone number 800-766-1863 - - confirmation no. 3702121

If you have any questions, please call Jeff Messina at 281-361-9185.

Regards,
Donna for Jeff Messina

Contact Information

Name	Office No.	Pager No.	Home No.	Cell No.
V. Sharpe	713-853-7413		713-472-8072	713-822-3048
T. Riley	925-543-3703	888-937-4479	925-254-6416	510-928-9292
D. Huth	925-543-3709	888-797-9446	925-362-0008	925-381-7205
P. Mahoney	713-345-7034		713-667-8511	713-504-4338
M. Sunde	713-853-7797	888-753-9478	713-355-9138	713-553-1582
D. Leff	713-853-7903		713-688-1622	281-650-1199
E. Hughes	713-345-3311			713-444-3125
J. Messina	713-853-9293	888-395-3127	281-361-9185	713-504-9031


That's it!  Thanks and I'll talk with you soon.

Karen S. Way
Piper Marbury Rudnick & Wolfe
203 N. LaSalle
Chicago, Illinois 60601
email:  karen.way@piperrudnick.com
(ph) 312-368-2152
(fax) 312-630-6347

> -----Original Message-----
> From: Kay.Mann@enron.com [SMTP:Kay.Mann@enron.com]
> Sent: Monday, September 18, 2000 1:04 PM
> To: Way, Karen S. - CHI
> Cc: 'kay.mann@enron.com'; 'fred.mitro@enron.com'; Gershon, Mark A. - CHI
> Subject: Re: Yorkville Annexation Agreement
>
>
> Hi Karen,
>
> I'm looking at a version which was faxed on Sept 13.  If this the final
> version?  Expecting the answer to be "yes", I am reviewing it now.
>
> Kay
____________________________________________________________________________
The e-mail address and domain name of the sender changed on November 1,
1999.  Please update your records.

The information contained in this communication may be confidential, is
intended only for the use of the recipient named above, and may be legally
privileged.  If the reader of this message is not the intended recipient, you
are hereby notified that any dissemination, distribution, or copying of this
communication, or any of its contents, is strictly prohibited. If you have
received this communication in error, please re-send this communication to
the sender and delete the original message and any copy of it from your
computer system.
Thank you.

For more information about Piper Marbury Rudnick & Wolfe, please visit us at
http://www.piperrudnick.com/
____________________________________________________________________________


The list of trades was attached to the assignment.  Jeff Sorenson should have
a copy down there.

	Melissa Ann Murphy
	08/29/2000 09:38 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

I handle power financial transactions.  I wanted to make sure none of the
deals assigned are power financial trades.

Thanks,
Melissa
3-1886

From: Tana Jones on 08/29/2000 09:12 AM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

My assignment related only to financial transactions.  So it would not be
power deals.

	Melissa Ann Murphy
	08/29/2000 09:04 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Assignment/Merchant Energy Group of the Americas, Inc.

Hello, please let me know if any of these deals are power deals.  We may need
to change them in the power system (Enpower).  Thank you,
Melissa

From: Tana Jones on 08/15/2000 05:23 PM
To: Bob Bowen/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT, Laurel
Adams/HOU/ECT@ECT, Andrea R Guillen/HOU/ECT@ECT, Willie Harrell/HOU/ECT@ECT,
Larry Joe Hunter/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chris
Walker/HOU/ECT@ECT, David P Dupre/HOU/ECT@ECT, Pamela Sonnier/HOU/ECT@ECT,
Jarrod Cyprow/HOU/ECT@ECT, Sheetal Patel/HOU/ECT@ECT, Gordon
Heaney/Corp/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, William S
Bradford/HOU/ECT@ECT, Debbie R Brackett/HOU/ECT@ECT, Nidia
Mendoza/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, John Suttle/HOU/ECT@ECT, Lesli
Campbell/HOU/ECT@ECT, Molly Harris/HOU/ECT@ECT, Veronica
Espinoza/Corp/Enron@ENRON, Paul Radous/Corp/Enron@ENRON, Wendi
LeBrocq/Corp/Enron@Enron, Brad Schneider/Corp/Enron@Enron, Brent
Hendry/NA/Enron@Enron, Sara Shackleton/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Mary Cook/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Robert Bruce/NA/Enron@Enron, Stephanie
Panus/NA/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Marilyn
Colbert/HOU/ECT@ECT, Diane Ellstrom/HOU/ECT@ECT, Lynn E Shivers/HOU/ECT@ECT,
Bill D Hare/HOU/ECT@ect, Leslie Reeves/HOU/ECT@ECT, Jason Moore/HOU/ECT@ECT,
Dianne Seib/CAL/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Anthony
Campos/HOU/ECT@ECT, Bernice Rodriguez/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Dale Neuner/HOU/ECT@ECT, Karen Lambert/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Carrie Southard/LON/ECT@ECT, Amber
Ebow/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON, Melissa Ann
Murphy/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Bridgette
Anderson/Corp/Enron@ENRON
cc:
Subject: Assignment/Merchant Energy Group of the Americas, Inc.

We have received the following executed documents:

Consent to Assignment dated as of June 12, 2000 between Merchant Energy Group
of the Americas, Inc. ("MEGA") and ENA, wherein MEGA assigned to Morgan
Stanley Capital Group, Inc.  its interest in certain financial transactions
it had entered into with ENA; and

Amendment to Consent to Assignment dated as of June 13, 2000 wherein  MEGA,
ENA and Morgan Stanley agreed that the Transactions assigned in the above
Agreement will be governed by the ISDA Master Agreement between ENA and
Morgan Stanley.

Copies will be distributed.


i think part of the problem is only physical jobs are available at enron
running your own book is something they just dont hire outside the office
very often.
of course this is the gas side only


----- Forwarded by Gerald Nemec/HOU/ECT on 04/19/2001 01:54 PM -----

	"Meier, Peter" <peter.meier@neg.pge.com>
	04/19/2001 12:50 PM

		 To: "'gerald.nemec@enron.com'" <gerald.nemec@enron.com>,
"'steve.van.hooser@enron.com'" <steve.van.hooser@enron.com>,
"'lisa.mellencamp@enron.com'" <lisa.mellencamp@enron.com>
		 cc: "Barron, Bob" <bob.barron@neg.pge.com>
		 Subject: LETTER OF UNDERSTANDINDG

 <<PGESpreadvaluationdefinition 4-19.doc>>

I went ahead and made the conforming changes I thought needed to be made to
the Spread Calculation and have one question identified.  Please review and
sign off so that we can attach to execution document.  Peter

PG&E National Energy Group and any other
company referenced herein that uses the PG&E name or
logo are not the same company as Pacific Gas and
Electric Company, the regulated California utility.  Neither
PG&E National Energy Group nor these other
referenced companies are regulated by the California Public
Utilities Commission.  Customers of Pacific Gas and Electric Company
do not have to buy products from these companies in order
to continue to receive quality regulated services from the utility.

 - PGESpreadvaluationdefinition 4-19.doc


As per my earlier email
---------------------- Forwarded by David Minns/ENRON_DEVELOPMENT on
21-08-2000 11:12 ---------------------------

David Minns
01-05-2000 02:32
To: David Forster@ECT, Paul Smith/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Taylor@ECT, Heidi Mason/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan
Musch/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: EnronOnline Australian Power GTCs

Attached is the revised GTCs that address taxation issues for non-Australian
resident counterparties. These GTCs have received tax clearance and hence all
approvals have now been given to allow them to be loaded. Enclosed also are
the procedures that need to be followed when new counterparties are being
considered. To date we have been vetting potential counteparties in the
Sydney office. I suggest that the procedures be made available to anyone else
who may be given this responsibility.

One new matter has come to light. In July 2000 with the introduction of GST
in Australia new legislative arrangements will come into place. They will
require businesses to have an "ABN". It has been suggested that we amend the
password application to request the counterparty's ABN.


-----Original Message-----
From: 	"Cobb, Lawrence" <Lawrence.Cobb@mms.gov>@ENRON
Sent:	Monday, October 15, 2001 2:48 PM
To:	Perlingiere, Debra
Subject:	RE: GISB

Debra - you can overnight delivery to:

Mr. Mike Del Colle
Chief Contracting Officer
Minerals Management Service
381 Elden Street, MS 2500
Herndon, Virginia 20170

telephone 703-787-3175

-----Original Message-----
From: Perlingiere, Debra [mailto:Debra.Perlingiere@ENRON.com]
Sent: Monday, October 15, 2001 10:39 AM
To: lawrence.cobb@mms.gov
Subject: GISB

 As discussed, attached is a Base Contract For Short-Term Sale and
Purchase of Natural Gas.  If in agreement, print two, execute same and
return both to my attention at the address below .  Do not hesitate to
give me a call should you have any questions or comments regarding the
enclosed.  Upon final signature, I will return an original for your
records.  Thanks for your assistance and cooperation in this matter.

  <<Mineral Management Services.doc>>
Best regards,
Debra Perlingiere
Enron North America Legal
1400 Smith Street, EB 3885
Houston, Texas 77002
dperlin@enron
713-853-7658
713-646-3490 Fax

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appt. made by Lillian Carroll - 37271


For 50 years, the Harvard Law School Forum has been sponsoring speeches by
luminaries ranging from Fidel Castro to Gerald Ford to Dr. Ruth. Sometimes
the speeches have generated a bit of media coverage, sometimes not. But one
given last month by Charlton Heston has taken on a life of its own. Heston,
the actor and conservative activist, delivered a stem-winder to about 200
listeners about "a cultural war that's about to hijack your birthright to
think and say what resides in your heart."

"He knew he was coming to a liberal environment, and clearly a group of his
listeners was conservative and another was more liberal," said David
Christopherson, president of the forum. "About half respectfully challenged
him during the questions. It generated a lot of debate around the campus.
But what happened caught us off-guard." What happened was Rush Limbaugh's
radio talk show. On March 15, Limbaugh read the entire speech on the air,
only to find himself bombarded with thousands of requests for a copy of it.
The same thing happened at Harvard Law. "We couldn't keep up with all the
requests," said Mike Chmura at Harvard. "It really didn't have legs and
might have been forgotten if Mr. Limbaugh hadn't decided to deliver it."

'Winning the Cultural War' Charlton Heston's Speech to the Harvard Law
School Forum, Feb 16, 1999:

I remember my son when he was five, explaining to his kindergarten class
what his father did for a living. "My Daddy," he said, "pretends to be
people." There have been quite a few of them. Prophets from the Old and New
Testaments, a couple of Christian saints, generals of various nationalities
and different centuries, several kings, three American presidents, a French
cardinal and two geniuses, including Michelangelo.

As I pondered our visit tonight it struck me: If my Creator gave me the gift
to connect you with the hearts and minds of those great men, then I want to
use that same gift now to reconnect you with your own sense of liberty of
your own freedom of thought ... your own compass for what is right.

Dedicating the memorial at Gettysburg, Abraham Lincoln said of America, "We
are now engaged in a great Civil War, testing whether this nation or any
nation so conceived and so dedicated can long endure." Those words are true
again. I believe that we are again engaged in a great civil war, a cultural
war that's about to hijack your birthright to think and say what resides in
your heart. I fear you no longer trust the pulsing lifeblood of liberty
inside you...the stuff that made this country rise from wilderness into the
miracle that it is.

Let me back up. About a year ago I became president of the National Rifle
Association, which protects the right to keep and bear arms. I ran for
office, I was elected, and now I serve...I serve as a moving target for the
media who've called me everything from "ridiculous" and "duped" to a
rain-injured, senile, crazy old man." I know...I'm pretty old...but I sure,
Lord, ain't senile.

As I have stood in the crosshairs of those who target Second Amendment
freedoms, I've realized that firearms are not the only issue. No, it's much,
much bigger than that.  I've come to understand that a cultural war is
raging across our land, in which, with Orwellian fervor, certain acceptable
thoughts and speech are mandated.

For example, I marched for civil rights with Dr. King in 1963 - long before
Hollywood found it fashionable. But when I told an audience last year that
white pride is just as valid as black pride or red pride or anyone else's
pride, they called me a racist. I've worked with brilliantly talented
homosexuals all my life. But when I told an audience that gay rights should
extend no further than your rights or my rights, I was called a homophobe.

I served in World War II against the Axis powers. But during a speech, when
I drew an analogy between singling out innocent Jews and singling out
innocent gun owners, I was called an anti-Semite. Everyone I know knows I
would never raise a closed fist against my country. But when I asked an
audience to oppose this cultural persecution, I was compared to Timothy
McVeigh.

From Time magazine to friends and colleagues, they're essentially saying,
"Chuck, how dare you speak your mind. You are using language not authorized
for public consumption!" But I am not afraid. If Americans believed in
political correctness, we'd still be King George's boys-subjects bound to
the British crown.

In his book, "The End of Sanity," Martin Gross writes that "blatantly
irrational behavior is rapidly being established as the norm in almost every
area of human endeavor. There seem to be new customs, new rules, new
anti-intellectual theories regularly foisted on us from every direction.
Underneath, the nation is broiling. Americans know something without a name
is undermining the nation, turning the mind mushy when it comes to
separating truth from falsehood and right from wrong. And they don't like
it."

Let me read a few examples. At Antioch college in Ohio, young men seeking
intimacy with a coed must get verbal permission at each step of the process
from kissing to petting to final copulation ... all clearly spelled out in a
printed college directive.

In New Jersey, despite the death of several patients nationwide who had been
infected by dentists who had concealed their AIDS --- the state commissioner
announced that health providers who are HIV-positive need not ..... need not
.. ... tell their patients that they are infected.

At William and Mary, students tried to change the name of the school team
"The Tribe" because it was supposedly insulting to local Indians, only to
learn that authentic Virginia chiefs truly like the name.

In San Francisco, city fathers passed an ordinance protecting the rights of
transvestites to cross-dress on the job, and for transsexuals to have
separate toilet facilities while undergoing sex change surgery.

In New York City, kids who don't speak a word of Spanish have been placed in
bilingual classes to learn their three R's in Spanish solely because their
last names sound Hispanic.

At the University of Pennsylvania, in a state where thousands died at
Gettysburg opposing slavery, the president of that college officially set up
segregated dormitory space for black students. Yeah, I know that's out of
bounds now.

Dr. King said "Negroes." Jimmy Baldwin and most of us on the March said
"black." But it's a no-no now. For me, hyphenated identities are awkward ...
particularly "Native-American." I'm a Native American, for God's sake. I
also happen to be a blood-initiated brother of the Miniconjou Sioux. On my
wife's side, my grandson is a thirteenth generation Native American ... with
a capital letter on "American."

Finally, just last month ... David Howard, head of the Washington D.C.
Office of Public Advocate, used the word "niggardly" while talking to
colleagues about budgetary matters. Of course, "niggardly" means stingy or
scanty. But within days Howard was forced to publicly apologize and resign.
As columnist Tony Snow wrote: "David Howard got fired because some people in
public employ were morons who  (a) didn't know the meaning of niggardly, (b)
didn't know how to use a dictionary to discover the meaning, and (c)
actually demanded that he apologize for their ignorance."

What does all of this mean? It means that telling us what to think has
evolved into telling us what to say, so telling us what to do can't be far
behind. Before you claim to be a champion of free thought, tell me: Why did
political correctness originate on America's campuses? And why do you
continue to tolerate it? Why do you, who're supposed to debate ideas,
surrender to their suppression?

Let's be honest. Who here thinks your professors can say what they really
believe? It scares me to death, and should scare you too, that the
superstition of political correctness rules the halls of reason. You are the
best and the brightest. You, here in the fertile cradle of American
academia, here in the castle of learning on the Charles River, you are the
cream. But I submit that you, and your counterparts across the land, are the
most socially conformed and politically silenced generation since Concord
Bridge. And as long as you validate that...and abide it ... you are by your
grandfathers' standards cowards.

Here's another example. Right now at more than one major university, Second
Amendment scholars and researchers are being told to shut up about their
findings or they'll lose their jobs. Why? Because their research findings
would undermine big-city mayor's pending lawsuits that seeks to extort
hundreds of millions of dollars from firearm manufacturers. I don't care
what you think about guns. But if you are not shocked at that, am shocked at
you. Who will guard the raw material of unfettered ideas, if not you? Who
will defend the core value of academia, if you supposed soldiers of free
thought and expression lay down your arms and plead, "Don't shoot me."

If you talk about race, it does not make you a racist. If you see
distinctions between the genders, it does not make you a sexist. If you
think critically about a denomination, it does not make you anti-religion.
If you accept but don't celebrate homosexuality, it does not make you a
homophobe. Don't let America's universities continue to serve as incubators
for this rampant epidemic of new McCarthyism.

But what can you do? How can anyone prevail against such pervasive social
subjugation? The answer's been here all along. I learned it 36 years ago, on
the steps of the Lincoln Memorial in Washington, DC, standing with Dr.
Martin Luther King and two hundred thousand people. You simply ... disobey.
Peaceably, yes. Respectfully, of course. Nonviolently, absolutely.

But when told how to think or what to say or how to behave, we don't. We
disobey social protocol that stifles and stigmatizes personal freedom. I
learned the awesome power of disobedience from Dr. King ... who learned it
from Gandhi, and Thoreau, and Jesus, and every other great man who led those
in the right against those with the might.

Disobedience is in our DNA. We feel innate kinship with that disobedient
spirit that tossed tea into Boston Harbor that sent Thoreau to jail, that
refused to sit in the back of the bus, that protested a war in Viet Nam. In
that same spirit, I am asking you to disavow cultural correctness with
massive disobedience of rogue authority, social directives and onerous laws
that weaken personal freedom. But be careful ... it hurts. Disobedience
demands that you put yourself at risk. Dr. King stood on lots of balconies.
You must be willing to be humiliated ... to endure the modern-day equivalent
of the police dogs at Montgomery and the water cannons at Selma. You must be
willing to experience discomfort. I'm not complaining, but my own decades of
social activism have taken their toll on me.

Let me tell you a story. A few years back I heard about a rapper named Ice-T
who was selling a CD called "Cop Killer" celebrating ambushing and murdering
police officers. It was being marketed by none other than Time/Warner, the
biggest entertainment conglomerate in the world. Police across the country
were outraged. Rightfully so-at least one had been murdered. But Time/Warner
was stonewalling because the CD was a cash cow for them, and the media were
tiptoeing around it because the rapper was black. I heard Time/Warner had a
stockholders meeting scheduled in Beverly Hills. I owned some shares at the
time, so I decided to attend. What I did there was against the advice of my
family and colleagues. I asked for the floor. To a hushed room of a thousand
average American stockholders, I simply read the full lyrics of "Cop
Killer"- every vicious, vulgar, instructional word.

"I GOT MY 12 GAUGE SAWED OFF. I GOT MY HEADLIGHTS TURNED OFF. I'M

ABOUT TO BUST SOME SHOTS OFF. I'M ABOUT TO DUST SOME COPS OFF..."

It got worse, a lot worse. I won't read the rest of it to you. But trust me,
the room was a sea of shocked, frozen, blanched faces. The Time/Warner
executives squirmed in their chairs and stared at their shoes. They hated me
for that. Then I delivered another volley of sick lyric brimming with racist
filth, where Ice-T fantasizes about sodomizing two 12-year old nieces of Al
and Tipper Gore.

"SHE PUSHED HER BUTT AGAINST MY ...."

Well, I won't do to you here what I did to them. Let's just say I left the
room in echoing silence. When I read the lyrics to the waiting press corps,
one of them said "We can't print that." "I know," I replied, "but
Time/Warner's selling it." Two months later, Time/Warner terminated Ice-T's
contract. I'll never be offered another film by Warner's, or get a good
review from Time magazine.  But disobedience means you must be willing to
act, not just talk.

When a mugger sues his elderly victim for defending herself ... jam the
switchboard of the district attorney's office.

When your university is pressured to lower standards until 80% of the
students graduate with honors ... choke the halls of the board of regents.

When an 8-year-old boy pecks a girl's cheek on the playground and gets
hauled into court for sexual harassment march on that school and block its
doorways.

When someone you elected is seduced by political power and betrays you...
petition them, oust them, banish them.

When Time magazine's cover portrays millennium nuts as deranged, crazy
Christians holding a cross as it did last month ... boycott their magazine
and the products it advertises.

So that this nation may long endure, I urge you to follow in the hallowed
footsteps of the great disobedience's of history that freed exiles, founded
religions, defeated tyrants, and yes, in the hands of an aroused rabble in
arms and a few great men, by God's grace, built this country.  If Dr. King
were here, I think he would agree.

 <mailto:kfarris@tconl.com>


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 04/28/2000
10:54 AM ---------------------------

Maureen McVicker@EES
04/27/2000 02:12 PM
To: Richard B Sanders/HOU/ECT@ECT, Elisabeth McCabe/Corp/Enron@Enron
cc:
Subject: Proposed Leave Behind re: CalPX

FYI

---------------------- Forwarded by Maureen McVicker/HOU/EES on 04/27/2000
02:11 PM ---------------------------

Jeff Dasovich on 04/27/2000 01:36:35 PM
To: Steve Kean, Mark Palmer, Mary Hain@ENRON_DEVELOPMENT, Paul Kaufman@EES,
Tim Belden@ECT
cc:
Subject: Proposed Leave Behind re: CalPX


Michael,

I think this is the file you were looking for.  Do you want me to have Steve update this?

Wanda
 -----Original Message-----
From: 	Swain, Steve
Sent:	Thursday, August  23, 2001 1:58 PM
To:	Steffes, James D.; Curry, Wanda; Ruffer, Mary Lynne
Subject:	ATTORNEY LIENT PRIVILEGE -- Latest CTC analysis

All,

Here is the latest version, summary page only.  Let me know if you have questions, comments.  Thanks...


Lipp:

This e-mail will confirm the site visit by your company at Gleason and
Wheatland.  The relevant information is as follows:

Pursuant to the Site Visit Procedures sent you by CSFB, if you have not
already done so, please send me the following:
List of your team members and titles
For outside consultants, state their employer
Name, phone number (office and mobile) and e-mail address of your designated
deal team leader

Lastly, I will serve as the due diligence coordinator for Gleason and
Wheatland, handling all questions and responses.  Should you have any due
diligence questions or require copies of any oversized documents, please
contact me at 713.853.7998.

Regards,
Ben


---------------------- Forwarded by Kate Symes/PDX/ECT on 11/22/2000 01:04 PM
---------------------------

	From:  Angela Cadena                           11/22/2000 12:22 PM

To: Jessica Burry/PDX/ECT@ECT, Laura Wente/HOU/ECT@ECT, Kate
Symes/PDX/ECT@ECT, Monica Lande/PDX/ECT@ECT
cc:

Subject: So true! For those believe in Xmas and have a strong opinion on
power/role of women

---------------------- Forwarded by Angela Cadena/PDX/ECT on 11/22/2000 12:22
PM ---------------------------

Maria Gallego <mgallego@wlu.ca> on 11/22/2000 02:42:27 PM
To: Angela Cadena <Angela.Cadena@enron.com>, elena quercioli
<equercioli@hotmail.com>, Helen Platis <hplatis@uniongas.com>, Mariam Seirafi
<mseirafi@home.com>, Nancy Churchman <dobson@kos.net>, Wai-Ming Ho
<waiming@yorku.ca>, Winnie Lam <l_winnie88@hotmail.com>
cc:

Subject: So true!

> A Thought For Christmas
>
> Do you know what would have happened if it had been
> Three Wise Women instead of Three Wise Men?
>
> They would have asked directions,
> Arrived on time,
> Helped deliver the baby,
> Cleaned the stable,
> Made a casserole,
> Brought practical gifts and
> There would be Peace On Earth.
>
> Pass it on to the wise women in your life!

--
Maria E. Gallego
Assistant Professor
Department of Economics
Wilfrid Laurier University
Waterloo, Ontario
Canada N2L 3C5

Voice Mail: (+1 519) 884-0710 ext. 2635

Fax: (+1 519) 888-1015

email: mgallego@wlu.ca

url: http://www.wlu.ca/%7Ewwwsbe/faculty/gallego/index.htm


i haven't created it yet.  I was hoping to have the link there, so that I can
put the file in the directory tomorrow morning (before you get in).  It will
be called "curtailments.xls".

Mat

	Enron North America Corp.

	From:  Amanda Huble                           03/22/2001 03:37 PM

To: Matt Smith/NA/Enron@ENRON
cc:

Subject: Re: web link

Where is the file located?

Matt Smith
03/22/2001 02:33 PM
To: Amanda Huble/NA/Enron@Enron
cc:

Subject: web link

Amanda,

Please add add a link called "Plant Outages (portland)", to the Gas
Fundamentals website under the Power tab.  The description is as follows:

"Query of Portland's database of plant outages for yesterday and today."

Thanks.

Mat


Please see attached.  Thanks.


I'm in.  I'll be shredding 'till 11am so I should have plenty of time to make it.

DG

 -----Original Message-----
From: 	randy.g.kruger.jr@us.andersen.com@ENRON
Sent:	Tuesday, January 22, 2002 3:32 PM
To:	SSCHROED@us.ca-indosuez.com
Cc:	dgiron@enron.com; mikeshaw@andrews-kurth.com; todd.w.taylor@bakernet.com
Subject:	Re: Lunch 1/24/02

Count me in.  How about Ninfa's over by your office in the tunnels?

To:   dgiron@enron.com, Randy G. Kruger Jr.@ANDERSEN WO,
      mikeshaw@andrews-kurth.com, todd.w.taylor@bakernet.com
cc:
Date: 01/22/2002 10:18 AM
From: SSCHROED@us.ca-indosuez.com
Subject:  Lunch 1/24/02

Let me know if you can still make lunch this Thursday, 1/24/02.  If you
have suggestions for time & place, let me know that as well.

Schroeder

*******************Internet Email Confidentiality Footer*******************

Privileged/Confidential Information may be contained in this message.  If
you are not the addressee indicated in this message (or responsible for
delivery of the message to such person), you may not copy or deliver this
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employer do not consent to Internet email for messages of this kind.
Opinions, conclusions and other information in this message that do not
relate to the official business of my firm shall be understood as neither
given nor endorsed by it.


RBAC Visits Calgary this Week

Bob Brooks will be in Calgary Tuesday through Thursday of this week for
GPCM training and demonstration.  He will be returning to Los Angeles
and be available for GPCM support and other business on Friday, February
8th.  Bob will be in contact with his office ( 323-663-4831) during his
absence.  Emergency support will also be available via 323-821-9075.

From http://www.enerfaxgold.com <http://www.enerfaxgold.com/> :

OPEN SEASON

SG Resources Mississippi, L.L.C., a wholly owned subsidiary of SGR

Holdings, L.L.C., is conducting an open season for firm storage

services at its new high-deliverability, salt cavern, natural gas

storage facility, known as the Southern Pines Energy Center. The open

season will begin at 9:00 a.m. CDT on February 4, 2002, and will

continue until 5:00 p.m. CDT on March 4, 2002. The project is located

at the border of Mississippi and Alabama with access to the major

pipelines serving the Mid-Atlantic and the Southeastern United

States. The facility is ideally located to serve as a transportation

and storage hub for shippers on any one of nine major pipelines that

will be interconnected directly or indirectly to the project.

Information on the facility and the Open Season is available on our

web site at

http://www.sgr-holdings.com <http://www.sgr-holdings.com/>

or contact us at 713-914-8188.

From http://www.enerfax.com <http://www.enerfax.com/> :

Baker Hughes Weekly Rig Count

   The number of rigs searching for oil and natural gas in the US

fell by 6 to 853 last week, according to Baker Hughes. The total was

down from 1,138 a year ago. The number searching in Canada was down 7

to 452, compared to 579 a ago. The number of rigs in the Gulf of

Mexico was down 3 to 114, compared to 159 a year ago. In the US, the

number searching on land was 714, and the number offshore was 121.

Eighteen were operating in inland waters. The total North American

rig count fell by 13 to 1,305, down from 1,717 a year ago.

Ziff Energy Group presents Gas Storage 2002

Redefining the Fundamentals: Is Gas Still in the Storage Game?

Power Drives Storage

Will the recession affect plant and storage development?

Will record high volumes in storage further depress gas prices?

Is it possible to mitigate storage risk while dealing with year-round
price volatility?

Plus

Two Important Workshops

Calpine Corporation: Hear what the Power Generator wants from the
storage industry.

Bruce Bernard: Learn from the expert how to mitigate storage price risk
in the 2002 gas marketplace

February 6 & 7

Houston

Four Season Hotel

1300 Lamar Street

Register Today for this Important Conference

Call 1-800-853-6252

Email: gasconference@ziffenergy.com

Visit: http://www.ziffenergyconferences.com
<http://www.ziffenergyconferences.com/>

Bob Brooks

GPCM Natural Gas Market Forecasting System

http://gpcm.rbac.com <http://gpcm.rbac.com/>


Justin:

What lawyer handles daily financial trading issues?  I need to speak with
that person about US swap eligibility rules governing US companies,
specifically, ECTRIC, and who evaluates ECTRIC's counterparties for
eligibility.  The specific issue has to do with Total as you will see from
the string of emails attached.  I look forward to hearing from you.  Thanks.

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 05/14/2001 06:22 PM -----

	Brant Reves/ENRON@enronXgate
	05/08/2001 02:23 PM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Paul Maley/LON/ECT@ECT
		 Subject: RE: Total International Ltd.

Sara,

ECTRI is a UK registered company.  As a subsidiary of ENA, which is
registered under US law, can my trader sleave deals through ECTRI to get
around the eligibiilty issue.  We are working with Total to get a
confidentiality agreement signed but it is taking awhile and we will not be
receiving financial statements to evidence eligibility for another three
weeks.

thanks
brant

 -----Original Message-----
From:  Maley, Paul
Sent: Tuesday, May 08, 2001 10:56 AM
To: Reves, Brant
Subject: RE: Total International Ltd.

Brant
For SFA purposes as they are ulitmately owned by a quoted company on a
recognised stock exchange then this is sufficient to sign them off.   I don't
really know whether this makes them an elligible swap participant for the US
though.
Paul

From: Brant Reves/ENRON@enronXgate on 07/05/2001 09:59 CDT
To: Paul Maley/LON/ECT@ECT
cc:

Subject: RE: Total International Ltd.

I am not quite sure I understand.  Does SFA requirements mean you have a
guaranty, financial statements, or other material that establishes them as an
eligible derivative customer.  One of our marketers continues to try and
trade with them and I still don't fully understand how they are open in
London.  Does meeting SFA requirements establish this customer as an eligible
counterparty under US statutes?

brant

 -----Original Message-----
From:  Maley, Paul
Sent: Friday, May 04, 2001 7:53 AM
To: Reves, Brant
Cc: Jackson, Lee; Shackleton, Sara
Subject: Re: Total International Ltd.

Brant
We have passed them for SFA requirements in London so yes they can trade
through London no problem at all.  (see Regulatory tab in CAS)
Any problems, let me know.
Paul

From: Brant Reves/ENRON@enronXgate on 03/05/2001 08:30 CDT
To: Paul Maley/LON/ECT@ECT
cc: Lee Jackson/ENRON@enronXgate, Sara Shackleton/HOU/ECT@ECT

Subject: Total International Ltd.

Paul,

I have a trader that is trying to trade financially with Total International
Ltd., but we have asked that he not until we can sort our some eligibility
issues.  Prior to speaking with Ben Hamida at Total last week, we had never
approached them for financial statements or a guaranty that would establish
them as elibible contract parties.  I noticed that we have significant
financial trading with them in London.  How have you established eligibilty?
My trader is asking, since he cannot trade under ENA with Total, if he can
sleave deals through London.

Any ideas or insight would be helpful.

thanks
brant


I'm circulating some language for the ABB transformer purchase agreement.
Please let me know if you have any problem with the language.

The buy back language is new.  The assignment language is intended to address
some concerns raised by ABB - the changes are marked in red.

Buy back option.  (5.4.3)

At Purchaser,s option, Seller will arrange for storage of the Unit or Units
to be stored for up to one year following the successful conclusion of
factory testing.  Purchaser shall pay the Purchase Amount in full, and will
pay the actual storage charges, billed quarterly during the year the Unit or
Units are stored.  Title and risk of loss shall be with Purchaser during this
storage period.  Purchaser shall have the right (but not the obligation) to
sell the Unit(s) back to Seller for 30% of Purchase Amount of the Unit(s)
after the end of the one year storage period.  Payment will be due 30 days
after receipt of written notification by Purchaser of its intent to exercise
this option.  Title and risk of loss shall be with Seller as of the time of
payment.

If Purchaser desires to sell the Unit(s) prior to the expiration of the one
year storage period, Purchaser may request, and Seller agrees to act, as
broker for the re-sale of the Unit(s). The terms of the remarketing agreement
will be subject to mutual agreement.

Changes to assignment language.

22.2   Assignment by Purchaser.  This Agreement or any right or obligation
contained herein may be assigned, from time to time, by Purchaser without
Seller,s consent to:

(i) Agent (in the case of an assignment by Purchaser) or an Affiliate of
either WestLB or Agent;

(ii) a joint venture, partnership, limited liability company or other similar
entity in which Agent or any of its Affiliates is a venturer, partner or
participant with no less than a nineteen and one-half percent (19.5%) equity
interest;

(iii) any Lender;

(iv) any Indemnified Party;

(v) any entity for the purposes of financing or sale of the Facility;

(vi) any party (1) for which Agent or any of its Affiliates has agreed to
construct or develop a facility using the Equipment, or (2) to which the
Agent or any of its Affiliates has agreed to convey a power plant project
which it has under development; or

(vii) any contractor or developer (including, without limitation, Enron
Engineering & Construction Company and/or NEPCO) which is retained by Agent
or any of its Affiliates to construct or develop a Facility using the
Equipment.

In the case of an assignment to a party described in (ii), (vi), or (vii)
(other than  Enron Engineering & Construction or NEPCO), Seller shall be
entitled to request and receive an appropriate guaranty, letter of credit,
payment bond or other reasonable form of payment security, in amount not to
exceed the amount of the Purchase Amount remaining to be paid at the time of
the assignment, unless the assignor agrees to remain liable for all future
liabilities under this Agreement.  A letter of guaranty, letter of credit, or
payment bond provided by an entity rated BBB+ or better shall be deemed to be
an appropriate form of security for the purpose of this provision.

Except for (i) through (vii) above, this Agreement may not be assigned by
Purchaser to other parties without the prior written consent of Seller which
shall not be unreasonably withheld, conditioned or delayed.  Seller agrees to
respond to any request for consent within thirty (30) Days following its
receipt of such request.  Any failure to respond within the foregoing time
period shall be deemed to be a grant by Seller of its consent to the proposed
assignment.  In determining whether Purchaser shall be permitted to assign
this Agreement, Seller shall only be deemed to be reasonable in withholding
its consent if the proposed assignee does not have substantially the same or
better credit quality than Agent unless (a) the proposed assignee provides
appropriate guaranties, letters of credit or other assurances of payment
issued by an entity or person with substantially the same or better credit
quality than Agent, or (b) the assignor agrees to remain liable for all
future liability under this Agreement.  Purchaser shall have the right to
assign or pledge, from time to time, all or any portion of its right, title
and interest in, to and under the Agreement as collateral for financing of
any Facility without Seller,s consent.

When duly assigned in accordance with the foregoing (including, following any
collateral assignment, upon foreclosure by any collateral assignee) (i) this
Agreement shall be binding upon and shall inure to the benefit of the
assignee (and all rights hereunder, including, without limitation, any and
all warranty rights, shall be assigned to the assignee as if such assignee
were an original party hereto), and (ii) the assignor shall be irrevocably
relieved and forever discharged of all liability under this Agreement so long
as the assignee executes an assumption of such liabilities.  Any other
assignment by Purchaser shall be void and without force or effect.

Notwithstanding the generality of the foregoing, in connection with any
assignment permitted under this Section 22.2 to any assignee, the Purchaser
shall have the right, from time to time by Notice to Seller and without
Seller,s consent, to (i) designate such assignee to be the successor of
WestLB hereunder, (ii) designate such assignee to be the successor of
&Agent8 hereunder, (iii) designate such assignee as a sub-agent of the Agent
hereunder, and (iv) designate that such assignee has succeeded to all of the
rights and obligations of both WestLB and Agent, whereupon (notwithstanding
the first WHEREAS clause hereof, but subject to any subsequent appointment of
an &Agent8 hereunder) each reference to &Purchaser8 hereunder shall be deemed
a reference to such assignee acting in its individual capacity and each
reference to an &Agent8 herein shall be deemed deleted.

Upon any permitted assignment of the rights under this Agreement to acquire a
Unit or Units, and the assumption (in accordance with the terms hereof) of
the obligations related thereto, Seller shall enter into a separate purchase
agreement with the permitted assignee (each, a &Facility Agreement8).  The
terms of each Facility Agreement will be in strict conformity with the terms
and conditions of this Agreement, except for site specific changes as agreed
by the Seller and such assignee.  In no way shall the Facility Agreement
increase the liability or responsibility of Seller, Purchaser, or Agent under
this Agreement.

The parties further agree that the provisions of this Agreement relating to
assignment will only control the assignment of Purchaser,s or Agent,s rights
and obligations under this agreement prior to Acceptance of the Unit to be
assigned. Following Acceptance, Purchaser or Agent shall be permitted,
without Seller,s consent, to: (i) assign its rights under this Agreement,
(ii) convey any ownership interest that it may have in the Facility and/or
(iii) convey any ownership interest that it may have in the entity which may
own the Facility.


462105
broker has transalta

missing deal for mark

buy aquila
50 mw
100.00
dec
palo
on peak


I talked with Delaine today to firm up our meeting on the 29th.  Here is the plan.

	11:30 - 12:00  -  Lunch in the building (Ava can you get Trebeards)

	12:00 - 4:30   -  Discuss:

				Midcontinent Market Center I/C at Bushton
				Points that are on the wrong OBA
				Imbalances on the Gathering OBA
				American Processing Issues (Robert)

	Let me know if we need to add anything else or have any quetions.  I think this will take the majority of
	the afternoon.

	Ava, please get us a room (preferrably 4102) for the afternoon.

	Attendees from Oneok are:  Delaine Kurth, Kim Hardman, Sherry Rogers, maybe one other person.

	Thanks. Lynn


Unfortunately, the wine trip for 10/27 is cancelled due to lack of interest.  Hopefully, we will have better turnouts for next year.

Have a nice weekend, and don't forget there are two happy hours tonight - Gordon Biersch in Palo Alto, and Kell's (?) in SF.

-----Original Message-----
From: Tai, Tony
Sent: Tuesday, October 23, 2001 9:35 AM
To: Evmba_Social@Haas. Berkeley. Edu (E-mail)
Subject: RE: Napa and Sonoma Trip

It's 5 days before our Napa-Sonoma-Wine Trip.  I know all of you are anxiously waiting for this Saturday, but just forgot to actually sign up for the trip.  Seriously, the sign up has been slow due to midterms or other reasons.  We really need to know how many people can commit for the Napa-Sonoma trip, so please sign up by 3:00pm Wed, 10/24.

The wine trip will start off at Viansa with a Connoisseur Tasting and followed by a gourmet lunch in a reserved area of the Viansa hill top picnic grounds.  The Connoisseur Tasting includes food pairing and reserve wine tasting.  We will then move on to Gloria Ferrer for award-winning sparkling wines.  I have heard from several classmates raving about this winery.  It's a must see for those who have never been there!!  Finally, we will move on to St. Supery, situated in a historic landmark 1880 Victorian Atkinson House (now a living museum).  We will find exclusive St. Supery wines that can not be found anywhere else.  The trip is pre-negotiated at a group rate, one would have to pay much more to have the same type of experience.

Additionally, feel free to bring your spouse and significant others to enjoy one of your rare day-off from school and work.

Hope to see you all there!!
Tony

-----Original Message-----
From: Natalia Rachelson [mailto:nraykhelson@hotmail.com]
Sent: Monday, October 08, 2001 2:49 PM
To: Evmba_Social@Haas. Berkeley. Edu (E-mail); eveningmba@haas.berkeley.edu
Subject: Napa and Sonoma Trip

Ladies and Gents,

I know how stressed out everybody is at the moment: first-years are thinking about finals, second and third-years are getting ready for the mid-terms.  However, there is a light at the end of the tunnel... and this light is brought to you by the EvMBA Social Committee!

Get your drinking caps on and get ready to spend a relaxing and fabulous Saturday with your classmates at Napa and Sonoma.  Lots of wine, food, and fun is guaranteed to be provided by the veterans of the EvMBA program:)

Remember: B-School is about NETWORKING and not about Nash equilibrium or NPV!!!

The details are as follows:

Date: Saturday, October 27.

Fee: $37 per person
(Includes a gourmet picnic lunch, wine tasting, and tours of the
wineries)

Schedule:
9:00 Shuttle pickup at HAAS (parking lot by Kleeberger Field)
11:00 Viansa Winery (tasting and lunch)
1:30 Gloria Ferrer Winery
3:30 St. Supery Winery
5:30 Back to HAAS

RSVP is required.  There are only 40 spaces available.  Please leave your check in Tony Tai or Natalia Rachelson's mailbox, and send either Tony or myself an email indicating your attendance.

This event is open to studens and their significant others; however, since space is limited students get priority!

Tony and I will reply with a confirmation.  Again, the space is limited.  So, sign
up as soon as possible.


---------------------- Forwarded by Chris Germany/HOU/ECT on 03/16/2000 11:00
AM ---------------------------

Scott Goodell@ENRON
03/16/2000 10:34 AM
To: Colleen Sullivan/HOU/ECT@ECT
cc: Chris Germany/HOU/ECT@ECT
Subject: Re: SST Storage Injection Contract for Choice - PLEASE READ

Jeff Porter at CES said in a 3/16 email...

 as of 4/1/00, CES' SST capacity on TCO will decrease. We have
 submitted a request to COH for Storage Capacity and Transport (FSS & SST) for
 the 00-01 season. COH should have the actual numbers late Friday, but I have
 made a guesstimate below. You only get 50% of your Oct-Mar WD capacity for
 Apr-Sep Inj, which could be around 50,000 dth/d. The numbers below are from
 3/00, so 4/00 should be smaller, but I will forward to you as soon as I can.

Which means we will not have the volumes until 3/17.  Is it a problem that it
wasn't March 15?
Scott

Colleen Sullivan@ECT
03/08/2000 08:43 AM
To: Joan Veselack/Corp/Enron@ENRON
cc: dkinney@columbiaenergygroup.com@ENRON, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON, Katherine L Kelly/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Joann Collins/Corp/Enron@ENRON, Robert
Allwein/HOU/ECT@ECT, John Hodge/Corp/Enron@ENRON

Subject: Re: SST Storage Injection Contract for Choice - PLEASE READ

The Choice program storage is to be negotiated by CES-Retail.  In fact, our
agreement with CES Retail says that they will give us actual volumes for our
storage schedule by March 15.   Chris, have you called CES to see how they're
coming along with the schedule?  It would be a nice, gentle reminder to call
them a week in advance (which is today), so they can start putting it
together.

Joan Veselack@ENRON
03/07/2000 01:49 PM
To: dkinney@columbiaenergygroup.com, Chris Germany/HOU/ECT@ECT, Scott
Goodell/Corp/Enron@ENRON
cc: Katherine L Kelly/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Joann
Collins/Corp/Enron@ENRON, Robert Allwein/HOU/ECT@ECT, John
Hodge/Corp/Enron@ENRON, Colleen Sullivan/HOU/ECT@ECT
Subject: SST Storage Injection Contract for Choice - PLEASE READ

To ensure we are all on the same page... how does the renewal of this
contract work for April 1?

If I remember correctly, the injection contract is from April 1st to October
31st. Who negotiates this with the CDC???

John Hodge thought it was Doug Mckinney in Herndon. However, the storage
becomes Enron's on April 1st. So... does Enron negotiate?

Chris, Scott, and Doug... please determine how this will be coordinated.
Don't want this to fall through the cracks.... due to the transition.

Thanks for your help!!!


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After much success last year with our AskWhy advertising campaign and Public Relations efforts, Enron continues to explore new ways to exponentially increase its' brand awareness not only through television, but also by exploring new mediums. One approach is through customer relationship marketing (CRM), where we will seek opportunities that allow our commercial teams to directly interact with important CXOs and existing customers.

To this end, we are proud to announce our participation in the Frank Gehry Architect Exhibition at the Guggenheim Museum in New York City, which will be open to the public from May 18 through August 31.  Frank Gehry is a world-renowned architect who has designed the unique building at the end of our "Ode to Why" commercial and his art dominates skylines around the world. With this exhibition, Gehry's evolving genius comes to life.  For years, his inspiration has long been hidden in sketches and models unseen by anyone but his closest collaborators. By challenging the conventional, he has redefined his industry just as Enron has in business. Through Enron's association with this world-class exhibit, we will subtly push our brand attributes forward, as we strive to be the "Leading Company in the World."

All employees are invited to visit this exhibition FREE OF CHARGE with an Enron ID Badge beginning May 18. For more details, please visit home.enron.com.