Wall Street Reporter Interviews George A. Kast, President & CEO of Global
Water Technologies
Business Wire, 07/05/01

Developments in California's energy crisis
Associated Press Newswires, 07/05/01

UK: ANALYSIS-Where have all the LME volumes gone?
Reuters English News Service, 07/05/01
USA: UPDATE 1-New Power adds customers with two deals.
Reuters English News Service, 07/05/01

Factiva Energy Digest
Factiva Energy Digest, 07/05/01

India Risks Lower Rating If Deficits Grow, S&P Says (Update2)
Bloomberg, 07/05/01

California Seeks Cheaper Long-Term Power Contracts, Paper Says
Bloomberg, 07/05/01

USA: U.S. Cash LPG-Propane firms on bullish crude oil fundamentals.
Reuters English News Service, 07/05/01

Wall Street Reporter Interviews George A. Kast, President & CEO of Global
Water Technologies

07/05/2001
Business Wire
(Copyright (c) 2001, Business Wire)

GOLDEN, Colo.--(BUSINESS WIRE)--July 5, 2001--Global Water Technologies, Inc.
(OTCBB: GWTR), a full-service cooling water company utilizing advanced
technologies and engineered solutions to provide process cooling water to
power plants, process industry and municipalities, worldwide, today announced
that George A. Kast, President and CEO, has been featured in an interview by
Wall Street Reporter. In the interview, Kast discussed industry trends,
market potential and growth opportunities in the markets that the Company has
cultivated.
The interview was conducted on Tuesday, July 3, 2001, at 1:00 p.m. (MT) by
Matt Cleary, and is currently audibly available, on the Wall Street
Reporter's web site, www.wallstreetreporter.com, by clicking on the CEO
Interviews link.
Commenting on this interview, George Kast, President and CEO stated: "We are
very pleased to be featured in an interview by the Wall Street Reporter. This
is a very exciting time for Global Water Technologies, Inc. and we are
excited that this forum gives us the opportunity to present our story to the
investment community."
The interview primarily covered the most recent corporate events and the
Company's efforts to implement its business strategy, capitalizing on its
competitive advantages in the rapidly expanding power, energy and utility
sector. The Wall Street Reporter is a leading information source for
professional investors seeking new investment ideas. Their in-depth
interviews of CEOs with leading public companies are geared toward
sophisticated investors who demand an unbiased, unscripted, first-hand
perspective that enables them to make informed investment decisions.

About Global Water Technologies

Global Water Technologies, Inc. (OTCBB: GWTR) is a company with major
interests in the areas of power, energy and water. The company utilizes its
proprietary technology to enhance power production by providing cold, clean
water to increase operating efficiencies, reduce water use and operating
costs. Through this process, GWTR is able to increase their client's power
output by up to 10% depending upon age, design and efficiency of the plant.
GWTR's client base includes, but is not limited to, the following companies:
General Electric (NYSE: GE), Enron subsidiary companies (NYSE: ENE), Raytheon
Company (NYSE: RTN), Archer Daniels Midland (NYSE: ADM), British Petroleum
Amoco, Mitsubishi, Mobil, Texaco (NYSE: TX), Duke Fluor Daniel, Kerr McGee
(NYSE: KMD) and Calpine (NYSE: CPN).

Forward-Looking Statement

This news release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and section 21E of the
Securities Exchange Act of 1934, as amended. Such statements are subject to
risks and uncertainties that could cause actual results to vary materially
from those projected in the forward-looking statements. The Company may
experience significant fluctuations in future operating results due to a
number of economic, competitive and other factors, including, among other
things, the size and timing of customer orders, changes in laws, new or
increased competition, delays in new products, production problems, changes
in market demand, market acceptance of new products, seasonal in product
purchases, and changes in foreign exchange rates. These factors, and other
factors, which could materially affect the Company and its operations are
included in the Company's filings with the Securities and Exchange Commission
and are incorporated herein.

CONTACT: Global Water Technologies, Inc. Steve Rash, 303/215-1100, Ext. 192
info@gwtr.com www.gwtr.com or Equity Growth & Management Tom Waite,
407/444-0375
12:00 EDT JULY 5, 2001
Developments in California's energy crisis
By The Associated Press

07/05/2001
Associated Press Newswires
Copyright 2001. The Associated Press. All Rights Reserved.

Developments in California's energy crisis:
THURSDAY:
- No power alerts as electricity reserves stay above 7 percent.
- The Senate Judiciary Committee continues its debate at a hearing over Gov.
Gray Davis' proposal to aid financially strapped Southern California Edison.
- Lt. Gov. Cruz Bustamante and Assemblywoman Barbara Matthews introduce two
additional whistleblowers from power plant operated by Duke Energy.
- The grand jury that will probe criminal charges of price gouging by energy
generators will convene this week in Sacramento. The 19 new members of the
Sacramento County grand jury were assigned by State Attorney General Bill
Lockyer and will assess the results of several government investigations.
- The U.S. Trustee argues again in bankruptcy court that ratepayers should
have a committee to represent their interests in the Pacific Gas & Electric
Co. bankruptcy proceedings.
WEDNESDAY:
- No power alerts as electricity reserves stay above 7 percent.
WHAT'S NEXT:
- The Senate committee investigating possible price manipulation in
California's energy market meets Tuesday. The committee will vote on contempt
citations against generators Mirant and Enron who failed to comply with
subpoenas for documents. Six other suppliers have until Tuesday to turn over
documents.
THE PROBLEM:
High demand, high wholesale energy costs, transmission glitches and a tight
supply worsened by scarce hydroelectric power in the Northwest and
maintenance at aging California power plants are all factors in California's
electricity crisis.
Southern California Edison and Pacific Gas and Electric say they've lost
nearly $14 billion since June 2000 to high wholesale prices the state's
electricity deregulation law bars them from passing on to consumers. PG&E,
saying it hasn't received the help it needs from regulators or state
lawmakers, filed for federal bankruptcy protection April 6. Electricity and
natural gas suppliers, scared off by the companies' poor credit ratings, are
refusing to sell to them, leading the state in January to start buying power
for the utilities' nearly 9 million residential and business customers. The
state is also buying power for a third investor-owned utility, San Diego Gas
& Electric, which is in better financial shape than much larger Edison and
PG&E but also struggling with high wholesale power costs.
The Public Utilities Commission has approved average rate increases of 37
percent for the heaviest residential customers and 38 percent for commercial
customers, and hikes of up to 49 percent for industrial customers and 15
percent or 20 percent for agricultural customers to help finance the state's
multibillion-dollar power buys.
Track the state's blackout warnings on the Web at
www.caiso.com/SystemStatus.html.

UK: ANALYSIS-Where have all the LME volumes gone?
By Martin Hayes

07/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

LONDON, July 5 (Reuters) - Years of rising business on the London Metal
Exchange (LME) could be over, after volume dropped in the first half of 2001,
and many in the world's largest industrial metals market say the growth may
never be recaptured.
Senior traders cite several factors behind the 16 percent decline in business
in the first six months - prices are depressed, rival electronic systems have
sprung up, global economies are weak.
"The problem is the general conditions that are prevailing at the moment - we
are seeing recessionary signs that are dampening the market. It is cyclical,
and that is the worry because the cycle is lasting some time," one said.
Since 1991, volumes have risen from 16.93 million lots to 2000's record 66.44
million. There have previously been troughs in the business and price cycle,
but these did not markedly affect volumes - the 1994/1995 decline was some
500,000 lots.
So the concern now is that this downturn is different.
"That (lower volume) is horrible. Some business is undoubtedly going off the
market, but a lot of people are not making proprietary positions anymore -
they are not making any money," a director at an LME associate broker said.
"It is going to get a lot worse - it is a bleak picture at the moment for
next year. A lot of people will have to ask: 'Is it worth being in the
business?'," a manager at another broker said.
The LME said this week that total futures and options turnover during
Jan/June 2001 fell to 29.899 million lots, down from Jan/June 2000, when
volume rose 18 percent to 35.440 million. Traded options turnover has
virtually halved, falling to 1.481 million lots from 2.784 million.
LME data showed that this half-year was still the third highest on record,
only tailing 1999 by 100,000 lots.
"(this)...clearly illustrates the continuing health of the LME and the
essential part it plays as a hedging medium to the global metal market,
despite the current economic environment," the LME said on Thursday.
SWITCHED ON SCREENS BLUR THE PICTURE
The major factor that emerged last year is electronic trading, either
web-based or specific screen-based platforms.
Competitors such as Enron Online and Spectron Metals have grabbed business
while the LME has also sanctioned and launched its own system, LME Select.
Many of these trade LME contracts, so the turnovers are still being
incorporated into the Exchange's volumes. But the ethos of screen-trading has
implications for broker costs and revenues.
"You are seeing more business going towards the screens - and some platforms
will offer a less-regulated OTC (over-the-counter) market," the manager said.
LME ring-dealers and associate brokers now face even lower commissions. Costs
will fall when screens offer straight-through processing, embracing
back-office functions such as matching.
"In an electronic market, the cost of serving a client drops dramatically and
if a customer has direct access to the market, which could happen, he gets
direct control," he said.
In London's soft commodity markets, which migrated away from trading floors
to screens in 2000, commissions have fallen sharply, he noted.
For the moment, the LME retains a traditional open-outcry floor - it and
London's International Petroleum Exchange (IPE) are the last bastions of this
form of trading.
Business is also transacted in offices over telephones. But this is also
changing with the advent of screens.
"In some ways the screens, whoever they belong to, may be the problem," a
senior trader said.
"In the old days, you used to talk to people more, get a feel for the market,
and take a punt. Not so much now - the big boys still chat, but not as much,
and with the screens it is almost a 'matched bargain' situation," he said.
METAL INDUSTRY SHYING AWAY
The malaise affecting prices is not helping, especially as there is little
incentive for consumers to buy, while a falling market always sees less
speculative activity.
Most of this year has seen prices progressively weaker, with copper at its
lowest since July 1999, zinc and tin at levels last seen nearly eight years
ago, lead at a 12-month low-point and nickel and aluminium at two-month lows.
Although prices have been softer, there have been occasions when tightness
has prevailed. When the market moves from contango, when nearby prices are
cheaper than forward, into backwardation, which is the opposite, hedging
dries up.
Although the LME derives much of its liquidity from speculators, the bulk of
its trade comes from the metals industry - hedging and price protection.
"There is routine hedging taking place, but what one would call the strategic
positioning is just not happening at the moment," the manager said.
MARKET CONTRACTION LIKELY
If volumes continue to fall, and there is the pressure on commissions, then
further contraction and consolidation in the market appears likely. There are
now only 12 ring-dealing members of the LME - those who alone are entitled to
trade on the open-outcry floor - down from nearly 30 in the mid-1980s.
"There is too much capacity in the market even now, and these ongoing rumours
do not help. For months one RDM has supposedly been taking over another. It
is about time they got on with it," the senior trader said.
"A base metal trading operation may eventually come down to a few people
sitting at the end of a treasury desk," the associate broker director said.

USA: UPDATE 1-New Power adds customers with two deals.

07/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, July 5 (Reuters) - New Power Co., a national energy provider partly
owned by powerhouse Enron Corp. , said on Thursday it plans to make two
separate acquisitions that would increase its customer base by about 20
percent and raise its visibility in Pennsylvania and Ohio.
Financial terms of the agreements with AES Direct, the retail marketing
subsidiary of independent power company AES Corp. , and with CoEnergy, a unit
of Michigan-based DTE Energy , were not disclosed.
Purchase, New York-based New Power, a unit of NewPower Holdings Inc. , which
was formed to take advantage of electricity deregulation, said the deals
would add a total of 121,000 electric and natural gas customers. At the end
of the first quarter, it had about 631,000 customers, a company spokeswoman
said.
New Power said it signed an agreement to buy AES Direct's customer base and
related assets, including natural gas inventory, supply and transportation
contracts as well as billing and customer service operations.
It also is buying Ohio-based customers from CoEnergy, gaining entry into
service areas of four additional utilities.
Shares of New Energy were unchanged at $8.75 in morning New York Stock
Exchange trade, the low end of a 52-week range of $4.63 to $28.69.

Factiva Energy Digest - July 5, 2001.

07/05/2001
Factiva Energy Digest
Copyright (c) 2001 Dow Jones Reuters Business Interactive Ltd., trading as
Factiva.

POWER & UTILITY
*German Utilities Should Expand Abroad, Consultant Says
COLOGNE, Germany (Reuters) - Germany's top utilities lag far behind major
foreign rivals in the share of revenues derived internationally, which could
limit future growth, a consultant told an industry conference on Thursday.
"Germany's market leaders lag behind in their market presence in Europe and
the rest of the world," said Volker Flegel, a European energy expert at
consultancy A.T. Kearney's Munich office. "If they don't act fast, the gap
will widen....They have to adopt more of a pan-European perspective," he
said, singling out Spain as the most attractive investment target.
Flegel said revenues generated outside Germany by the country's top four
utilities ranged between 3.0% of turnover at HEW, to 11% at E.ON, 11.7% at
RWE (RWEG.DE) and 15.1% at EnBW. By comparison, the shares of foreign sales
at U.S. energy groups TXU and Enron were 36% and 18.6%. Foreign sales
contributed 18.6% to turnover at French/Belgian group Electrabel and 18.3% at
France's EdF.
*New Power Adds 20% to Customer Base With Two Deals
NEW YORK(Reuters) - New Power Co., a national energy provider partly owned by
powerhouse Enron Corp., on Thursday increased its customer base by about 20%
and its visibility in Pennsylvania and Ohio with two separate acquisitions.
Financial terms were not disclosed. New Power, a unit of NewPower Holdings
Inc., which was formed to take advantage of electricity deregulation, added a
total of 121,000 electric and natural gas customers to its customer base of
about 615,000.
New Power said it signed an agreement to buy the customer base and related
assets of AES Direct, the retail marketing subsidiary of independent power
company AES Corp., which includes natural gas inventory, supply and
transportation contracts as well as billing and customer service operations.
It also bought Ohio-based customers from CoEnergy, a unit of Michigan-based
DTE Energy, gaining entry into service areas of four additional utilities.
Full versions of these and other energy stories are available from Dow
Jones Interactive and Reuters Business Briefing
Factiva Contact: Marc Donatiello, +1 609-627-2659,
marc.donatiello@factiva.com.
(Copyright (c) 2001, Dow Jones & Company, Inc.).

India Risks Lower Rating If Deficits Grow, S&P Says (Update2)
2001-07-05 09:12 (New York)

India Risks Lower Rating If Deficits Grow, S&P Says (Update2)

     (Adds minister's comment starting in 19th paragraph.)

     New York, July 5 (Bloomberg) -- India must cap its federal
and state government budget deficits or risk having its credit
rating lowered, a Standard & Poor's analyst said.
     India's ``BB'' rating, which is two notches below investment
grade, may be cut if the combined deficits widen to more than 10
percent of gross domestic product from nine percent now, Joydeep
Mukherji, S&P's associate director and India analyst, said in an
interview.
     ``We continue to watch the fiscal problem very closely as
that is the most vulnerable area that could lead to a negative
rating action,'' Mukherji said.
     The warning comes as the government plans to increase
spending to bolster a slowing economy. A lower rating would raise
the cost of borrowing for the government and Indian companies,
already among the highest in Asia. India's benchmark 10-year bond
yield is 9.6 percent, higher than 6.5 percent for comparable
Chinese bonds and 6.8 percent for South Korean bonds, both of
which have an investment grade rating.
     S&P lowered the outlook on India's rating to ``stable'' from
``positive'' in October. The agency cited India's failure to meet
deadlines for sales of state-owned companies. The rating is among
the lowest in the region.
     Last week, an analyst for Moody's Investors Service said
India must step up sales of state assets and trim its budget
deficit to avoid a reduction in the outlook on its debt. Moody's
``Ba2'' rating, also two notches below investment grade, has a
``positive'' outlook, meaning it may be raised.

                         Growing Debt

     Fitch cut India's long-term sovereign rating outlook to
``negative'' from ``stable'' on May 31. Fitch, which rates India
``BB+,'' one notch below investment grade, cited ``concerns about
fiscal policy, privatization and a deterioration in the investment
climate.''
     ``Any downward change in the country's rating or outlook will
adversely impact investments in India,'' said Kalpana Morparia,
executive director of lender ICICI Ltd., which borrowed about $100
million in international markets last year.
     Years of budget deficits have saddled India with 14 trillion
rupees ($297 billion) of debt, equal to about 63 percent of GDP.
Servicing the debt leaves little money to invest in schools,
hospitals or other projects that could improve the well-being of
Indians and raise the rate of economic growth in the world's
second most-populous country.

                             Slowdown

     The economy expanded 3.8 percent in the quarter ended March
31 from a year earlier, down from 5 percent growth the previous
quarter and the slowest pace in nearly three years, as a two-year
drought pruned rural incomes. In response, Finance Minister
Yashwant Sinha said last week he would step up government spending
to stimulate the economy.
     ``Lower growth may mean lower tax revenue and increased
pressure on governments to raise spending that could enlarge the
combined deficits of the central and state governments beyond 10
percent of GDP this year, potentially weakening the rating,''
Mukherji said.
     Investors too are getting concerned with the government's
profligacy. In the first two months of the fiscal year, the
central government's budget deficit has reached a quarter of the
target for the year as a whole.
     ``The growing deficit bothers me,'' said Bharat Shah, who
manages 33 billion rupees at Birla Sun Life Asset Management in
Mumbai. ``There's a need for a sharp reduction in expenditure that
will call for political consensus, which I don't think is in
place.''
     Without pruning deficits, the government can't hope to lower
interest rates. Higher interest rates in India damp the
government's plan of attracting more foreign companies to set up
businesses locally.

                        Overseas Investment

     ``The most important thing to do is to get more foreign
direct investment, which is the mother of all solutions,'' Shah
said. Last year, India managed to attract $4.5 billion in foreign
investment, a tenth of what China took in.
     India's program to sell state assets, reduce tariffs and
otherwise free the economy from government interference hasn't
moved as fast as expected, Mukherji said.
     ``India has had about 3 years' worth of economic reforms
spread out over the last 10 years,'' he said.
     For example, the government said it planned to raise 120
billion rupees by selling stakes in more than 20 state-run
companies in the fiscal year that began April 1. So far this year,
it hasn't sold a single stake.

                           Privatization

     Privatization minister Arun Shourie said delays in selling
stakes in companies such as national carrier Air India Ltd. and
state-run hotel chain India Tourism Development Corp. were not
unusual and investors need to be patient.
     ``We are proceeding methodically,'' Shourie told reporters at
a news conference late last night. ``Have faith in the process.''
     S&P isn't convinced. If the government's economic program
fails to gather speed, the country may slip to its pre-1990s
growth rate of 3.5 percent a year from an average of more than 7
percent in the 1990s, Mukherji said.
     The dispute between the Maharashtra State Electricity Board
and Enron Corp., the country's biggest foreign investor, which has
set up a $3 billion power plant, is a ``long-term disaster'' and a
``bad, loud and clear signal to potential foreign investors,''
Mukherji said.
     The state electricity board has refused to pay 3 billion
rupees for power supplied by Enron's local unit, Dabhol Power Co.
India hasn't delivered on guarantees to pay for the power. The
dispute is widely seen as a litmus test for foreign investment in
India.
     ``The Indian private sector is used to bad politics and
failed economic policies, such as energy reforms, but the foreign
private sector is not,'' Mukherji said.

--Gautam Chakravorthy in the Mumbai newsroom (91-22) 233-9027 or
at chakravorthy@bloomberg.net, with reporting by Anindya
Mukherjee, Abhay Singh and Arijit Ghosh in New Delhi/clw/pv/nmn

California Seeks Cheaper Long-Term Power Contracts, Paper Says
2001-07-05 14:44 (New York)

     Washington, July 5 (Bloomberg) -- California Governor Gray
Davis said the state would consider accepting some of the
$8.9 billion he says energy companies overcharged the state for
electricity in the form of lower rates on long-term contracts, the
San Jose Mercury News reported.
     While the money doesn't have to be paid in cash, it ``has to
net out to $8.9 billion,'' Davis told the paper.
     Energy companies such as Duke Power Corp., Enron Corp. and
Williams Cos. have said their prices were fair, with some saying
the state owes them money. The companies' response to Davis's
offer wasn't clear, the paper said.
     Settlement talks are scheduled to end Monday in Washington,
the paper said. Few details have emerged because the overseeing
judge imposed a gag rule on the discussions.

(San Jose Mercury News 7-3)

See {SJMN <GO>} for the San Jose Mercury News Web site.

--Russell Hubbard in the Princeton newsroom at (609) 279-4131, or
at rhubbard2@bloomberg.net/jjs

Story illustration: See {PMATSPSP <INDEX> GP D <GO>} to graph the
Bloomberg PowerMatch Index of Southern California power prices.

USA: U.S. Cash LPG-Propane firms on bullish crude oil fundamentals.

07/05/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW YORK, July 5 (Reuters) - U.S. cash liquefied petroleum gas (LPG)
strengthened on bullish crude oil fundamentals early Thursday, traders said.
Mont Belvieu, Texas propane gained a penny to trade at 35.88 and 36.00 cents
a gallon, while Conway product traded 0.50 cent higher at 40.50 cents a
gallon, traders said.
U.S. national crude supplies fell by 4.0 million barrels last week, according
to the American Petroleum Institute (API), while the Energy Information (EIA)
reported a bigger draw of 4.8 million barrels.
Crude oil futures on the New York Mercantile Exchange (NYMEX) were up 58
cents to $26.82 a barrel midday on the inventory numbers, while weighing the
effect of Iraq resuming exports, which it stopped a month ago in protest of
U.N. sanction discussions.
Meanwhile, natural gas futures fell 8.10 cents go $3.120 per million British
thermal units (mmBtu) amid stronger cash values.
Ethanes tracked the strength, with Belvieu purity up 0.50 cent to trade at
26.50 cents a gallon, and mix up 0.63 cents to trade at 25.63 cents a gallon,
dealers said. Conway mix talked steady at 24.25/24.88 cents a gallon.
In Belvieu, normal butane fell a penny to talk at 41.88/42.50 cents a gallon,
isobutane firmed 0.25 cent to trade at 43.25 cents a gallon, and natural
gasoline fell 0.50 cent to trade at 51.12 cents a gallon for Dynegy barrels
and 52.50 cents a gallon for Enron barrels, dealers said.
No deals were heard on the heavies on Conway. Normal butane talked steady at
41.50/41.63 cents a gallon, isobutane down a penny at 50.00/51.50 cents a
gallon and natural gasoline up 0.50 cent to be offered at 53.50 cents a
gallon, traders said.
- ((Soo Youn, New York Energy Desk, 646-223-6057, soo.youn@reuters.com)).


-----Original Message-----
From: edith-kelly@reliantenergy.com
[mailto:edith-kelly@reliantenergy.com]
Sent: Monday, November 20, 2000 11:02 AM
To: jwashing@mail.mdanderson.org; Grace Jackson;
jacqueline_j_garza@reliantenergy.com; Bonnie & Rayford Abraham; Lisa
Croft; Derrick Lankford; karla Mayfield; Moore,Denise I;
Pvam2000@aol.com; gloria-stryker@reliantenergy.com;
maggie-hogan@reliantenergy.com; carol-olson@reliantenergy.com;
veronica_z_smith@reliantenergy.com
Subject: A Word

(See attached file: ~ME00001.PPS)

 - ~ME00001.PPS


Here is a working draft of the gas issues/diversion/penalties, etc. paper.
Becky is working on the interstate pipeline tariffs and we will insert them,
and Jeff Hidge will be sending something out about ENA legal issues, which I
will add in.  I am also going to work on this tonite, to make the individual
LDC diucssions follow a common template.  However, I wanted you to have
something to look at before the meeting tomorrow morning.  I still have a
couple of LDCs to add.  Thanks.


http://www.consultrci.com

*********************************************************************
Miss last week? Catch up on the latest in the energy industry at:
http://www.consultrci.com/web/infostore.nsf/Products/IssuesWatch
*********************************************************************

===============================================================
SCIENTECH IssueAlert, November 20, 2000
Duke, Williams to Buy Gulfstream from Coastal Corporation
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Subsidiaries of Duke Energy and Williams announced their intent to jointly
purchase The Coastal Corporation's 100-percent interest in the Gulfstream
Natural Gas System project. The purchase, expected to be finalized by the
end of this year, is subject to federal regulatory approvals and conditioned
upon completion of the Coastal / El Paso Energy Corporation merger. Financial
terms of the purchase were not disclosed.

ANALYSIS: The Gulfstream project is a proposed 744-mile steel pipeline
designed specifically to deliver natural gas into Florida. The project
has been sponsored by a subsidiary of Coastal Corp., a $16 billion
Houston-based
energy holding company with operations in natural-gas production, distribution
and marketing. Coastal Corp. is presently waiting for FERC's approval to
build and operate the system. However, due to regulatory mandates related
to Coastal Corp.'s pending merger with El Paso Energy Corp., Coastal Corp.
was forced by the Federal Trade Commission to divest the project. As a
result, Duke Energy and Williams have found a good window of opportunity
to purchase the pipeline project and its valuable inroad to the Florida
market. Until the merger is complete, Coastal Corp. will continue to develop
and market Gulfstream.

According to Coastal, the $1.6 billion Gulfstream project has already achieved
two important milestones in its FERC approval process: preliminary
determination
on non-environmental issues and a favorable draft environmental impact
statement. The company anticipates that the project will receive full FERC
approval in the first quarter 2001 and that Gulfstream will become fully
operational in June 2002. Approximately 400 miles of the route, which
originates
in Mobile, Ala., crosses the Gulf of Mexico and will be located in federal
offshore waters. Gulfstream offers 1.2 billion cubic feet of natural-gas
capacity per day, and is designed to primarily serve Florida utilities
and power-generation facilities that plan on using high-efficiency natural-gas
turbines. Already, the project has precedent agreements with 10 large Florida
utilities and power generation facilities.

Upon completion of the purchase, Duke and Williams will proceed with the
jointly managed operation and development of the Gulfstream project. It's
not difficult to assess why Duke and Williams would be interested in making
the acquisition. The two companies, which have historically had a
collaborative
relationship, already own significant amounts of interstate natural-gas
pipeline capacity. Between its two subsidiaries involved in natural-gas
production*Duke Energy Field Services and Duke Energy Gas Transmission*Duke
Energy owns and operates about 57,000 miles of pipeline and 12,000 interstate
miles of capacity. Williams' five interstate natural gas pipelines reportedly
deliver about 16 percent of the natural gas consumed in the United States.
The company's vast 27,300-mile pipeline network stretches from coast to
coast and from Mexico to Canada, serving more than 48 million residential,
commercial and industrial natural gas users. In fact, the two companies
already were planning the Buccaneer Gas Pipeline project in Florida, a
674-mile pipeline that would have followed a similar route as the Gulfstream
project will follow. Duke and Williams are no longer planning the Buccaneer
project now that they are acquiring the Gulfstream project. The addition
of Gulfstream should benefit both companies and offer a prime position
for them to expand their independent operations in Florida.

The CEO of Williams' gas pipeline group stated that the Florida market
would support only one new pipeline coming into the state. By joining
together,
Williams and Duke can both capitalize on the high-growth state as it
eventually
becomes competitive. First among the priorities for the project is to ensure
adequate pipeline capacity by June 2002, and meeting the projected 10,000
MW electric generation growth that is expected by 2007.

Duke Energy also confirmed that the purchase of the Gulfstream project
accelerates its own entry into Florida. In fact, Richard Priory, Duke's
CEO, conceded at a conference last September that much of Duke's future
success will result from its natural-gas operations. Specifically, Duke
has been focused on merchant plant and natural-gas pipeline construction
for some time. As of this summer, Duke was rated third in announced merchant
plants (behind Calpine and Panda), and has made no bones about the fact
that its strategy is centered around building additional merchant plants
and acquiring natural-gas pipelines. Thus, the acquisition of Gulfstream
is a perfectly appropriate move for the company to make.

And the strategy is resulting in some significant payoffs for the company.
Duke's third-quarter earnings rose 75 percent. Duke attributed the higher
results to the continued expansion of its unregulated energy businesses,
specifically natural-gas gathering and foreign energy sales. Duke's shares,
which had been trading at 52-week peaks, are currently trading at $88 15/16
(as of the opening of the market on Nov. 20). Current market conditions
certainly validate Duke's growth in this direction. For starters, current
data indicate that natural gas is the fuel of choice for approximately
90 percent of all new electric generation that is being built. Most
projections
place natural gas as the ongoing fuel of choice for new generation as the
demand for natural gas is expected to increase from 23 trillion to 30 trillion
cubic feet per year by 2010. In addition, coal and nuclear generation came
under environmental and public scrutiny over the last two decades, at a
time when natural-gas prices were comparatively low. All of these factors
have created a strong market for natural-gas generation, despite the fact
that data from the Department of Energy suggests a shortage of natural
gas and heating oil for this winter.

Duke has had a rather difficult time penetrating the Florida market, so
this purchase could facilitate easier expansion in the state. About a year
ago, the Florida Public Service Commission had approved the construction
of a Duke merchant plant in New Smyrna Beach. However, the state's three
IOUs appealed the decision to the Florida Supreme Court, arguing that merchant
plants were not allowed under state law. The Florida Supreme Court overturned
the decision of the state PSC, blocking Duke's entry into the state.
Consequently,
Duke is wisely using the acquisition of the Gulfstream project as another
way to get into the Florida market (and one that is potentially more
profitable).

Florida has not yet passed restructuring legislation, and it is unclear
when the state will become competitive. Bills have been introduced into
the state legislature, but thorny issues such as stranded cost recovery
and unbundling charges have caused the bills to be removed. Presently,
Governor Jeb Bush has created a 19-member commission to develop an energy
plan for the state. The commission must submit a report to the governor
and the legislature by December 1, 2001. Among the issues that must be
addressed are power reliability, energy supply and delivery, and the fiscal
impacts of deregulation. However, it is clear from the commission's deadline
that competition will not take effect in Florida during 2001.

Yet, looking forward, if the California experience is any indication, the
natural-gas shortage should work to Duke's advantage. As wholesale prices
skyrocketed this summer, Duke and other generators were in a prime position
to reap large gains. Duke is still following this tactic on the West Coast.
California regulators just gave approval to the construction of a proposed
1,060-MW unit in Monterey County, which again is natural-gas fired, combined
cycle unit. If California history repeats itself in Florida, Duke and Williams
will be the co-owners of the only new gas pipeline coming into the state
at a time when natural-gas supplies remain quite low.
===============================================================
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John,

I prepared the presentation in the way we discussed on Wednesday.
In summary I have included the following scenarios:

Tenor:  1, 3, 5 years back from Nov, 2000
               1, 3, 5 years back from Nov, 1998
               1, 3, 5 years back from Nov. 1995

Number of trade per day:  200, 600,1000

Bid-offer spread:  $0.04 and $0.06

Net Open position allowed: 1,000,000 and 5,000,000

Volume per trade is fixed at 1,000 BBL.

All together, there are 9*12 =  108 scenarios included in the presentation.

I will be on vocation starting next week.  But I will check my e-mail and
phone
messages to make modifications you need.

Happy Holidays,

Zimin


Prices in the real time market for February 23, 2002 are correct. However,
the NYISO is reserving prices for following hour(s) at the external proxy
buses:
HQ:  07:00
NE:  07:00
OH:  07:00
PJM: 07:00

Prices in the February 24, 2002 Day-Ahead Market are correct.

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

Ibrahim Mqasqas,
Market Monitoring and Performance,
NYISO

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


----- Forwarded by Cindy Derecskey/Corp/Enron on 12/15/2000 01:48 PM -----

	Simon Shih
	12/15/2000 01:47 PM

		 To: Cindy Derecskey/Corp/Enron@Enron
		 cc:
		 Subject: Calendar Scans


---------------------- Forwarded by Kimberly Bates/HOU/ECT on 05/14/2001
03:16 PM ---------------------------

VIKKI ANAYA <vanaya_vitoltvl@yahoo.com> on 05/14/2001 02:31:58 PM
To: KIMBERLY.BATES@ENRON.COM
cc:
Subject:

                                          AGENT JS/VA BOOKING REF
Y6XPFP

                                          NEAL/SCOTT

  ENRON
  1400 SMITH
  HOUSTON TX 77002
  ATTN-RAIN X31560

  DATE:  MAY 14 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

SOUTHWEST AIRLINES TE 16MAY HOUSTON TX     NEW ORL LA     600A    700A
WN 132     Y          WED   HOBBY          NEW ORLEANS IN
                                                          NON STOP
                            RESERVATION CONFIRMED         1:00 DURATION
                  AIRCRAFT: BOEING 737-200/200 ADVANCED

SOUTHWEST AIRLINES TE 18MAY NEW ORL LA     HOUSTON TX     355P    500P
N 1595    Y          FRI   NEW ORLEANS IN HOBBY
                                                          NON STOP
                            RESERVATION CONFIRMED         1:05 DURATION
                  AIRCRAFT: BOEING 737-300

***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
***SOUTHWEST RECORD LOCATOR: ** 7 J 4 O V B **
                  THANK YOU FOR CALLING VITOL TRAVEL

__________________________________________________
Do You Yahoo!?
Yahoo! Auctions - buy the things you want at great prices
http://auctions.yahoo.com/


Start Date: 4/26/01; HourAhead hour: 19;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042619.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: CISO_EPMI_DESERT
  ENGY_TYPE: NFRM


Noise pollution.  The #1 killer in America....

	Jeffery Fawcett
	09/26/2000 10:39 AM

		 To: Susan Scott/ET&S/Enron@ENRON
		 cc: Jeff Dasovich/NA/Enron@Enron
		 Subject: Re: Environmental Alert cancelled

Cool!  Maybe I can play Black Sabbath on my 260 watt stereo for you guys on
our way to work.  See if you get that kind of service on METRO.

Susan Scott
09/26/2000 10:34 AM
To: Jeff Dasovich
cc: Jeffery Fawcett/ET&S/Enron@ENRON

Subject: Environmental Alert cancelled

In compliance with the new Houston Clean Air standards Mr. Fawcett has agreed
to use his new vehicle for carpooling (a generous gesture as we know he would
much rather just ride the Metro bus to work).


Please see Elizabeth's e-mail below.

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Wednesday, October 31, 2001 10:19 AM
To:	Heard, Marie
Subject:	Master Netting Agreements Reminder

Reminder - If you are working on a Master Netting Agreement, you also need to understand what type of entities are being included in the netted group.  On the power side, there are regulatory restrictions on a regulated utility from becoming a guarantor of the debts of unregulated companies;  accordingly,  an MNA with a regulated utility and other unaffiliated parties on its side will not work, particularly if you are posting collateral on a fully netted basis.  In this case, the only option would be to keep the underlying margining agreements in place (no new global collateral annex) and have the MNA only be a cross default and acceleration and  possible setoff (just in case the money is going the right way and/or just in case it works).  Mary is working on a new draft of the MNA to be used if we are not superceding the underlying margining terms. Thanks

Elizabeth Sager
713-853-6349


We have decided to use:  Voyager Development Company, L.L.C. for the new
Homestead land option.  We had initially planned to use it for an option that
we let go (Option Agreement never got assigned to Voyager either).  According
to Greg Krause, the only thing associated with Voyager was an old
interconnect study request that was paid for and never used.  I feel
confident that Voyager is "clean" to use.

Kathleen
 -----Original Message-----
From:  Ann Elizabeth White
Sent: Saturday, May 19, 2001 12:19 AM
To: Kathleen Carnahan
Subject: New lease option

I talked to Kay about the new land option Greg will be negotiating this
weekend in Homestead.  She said to put the options in the terminal company,
not Lauderdale Land, LLC as you had suggested.  Pick one of the other LLCs
for me and let me know the name.

Thanks.


Dear Mr. Kaminski:

I am very sorry to tell you that I have to cancel my interview with you
scheduled on Feb 9th. I had a job offer from Citadel Investment at Chicago
with a deadline on Feb 5th. I have been trying to get an extension for the
past week and unfortunately it failed today. With this very short time
frame, it is impossible for me and Enron's interviewing process to meet the
Feb 5th deadline. How unwillingly, I would not be able to visit Enron for
after taking Citadel's offer. I hope you will find another candidate from
our class. There are some people still available. I will be happy to help
you get in touch with those interested.

Please keep in touch and I wish you well in your business!

Frank Qian
fqian@andrew.cmu.edu


PLEASE READ THIS IMPORTANT INFORMATION CONCERNING THE ENRON STOCK FUND IN THE ENRON CORP. SAVINGS AND ESOP PLANS

On Friday, January 11, trading of Enron stock was suspended on the New York Stock Exchange (NYSE).  All Savings and ESOP Plan transactions, including 401(k) payroll contributions,  involving this fund were placed in a pending status until trading resumed.

As announced by Enron's Office of the Chair on Wednesday, January 16, Enron stock would now be traded Over The Counter (OTC).  Upon receiving this information, work began immediately to develop a process that allows for OTC trades in the plans.

On Thursday, January 17, Enron initiated a process to facilitate OTC trades of Enron stock inside the 401(k) and ESOP and all pending transactions were processed using Thursday's closing price.

Now that trading has resumed, we urge you to review your investment elections to ensure that they are consistent with your investment goals.

As things change, we will continue to update you.

Enron Benefits Department


"Mark Younger" <mdy@slater-consulting.com> writes to the NYISO_TECH_EXCHANGE
Discussion List:

How do you get from an initial estimate of "75% and 92% of the summer peak
load ... for NYC and LI, respectively" to "having an ICAP requirement for
summer and winter seasons based on the LSE's peak load for the respective
season would send the proper ICAP price signal."   The summer and winter
ICAP requirements are based upon the summer peak load.  Basing the winter
ICAP requirement on the winter peak load would be a substantial change in
the ICAP market.  If we are going to consider a change in this direction
then we also have to apply most of the annual deficiency rate to the summer
period.

-----Original Message-----
From: owner-nyiso_tech_exchange@lists1.thebiz.net
[mailto:owner-nyiso_tech_exchange@lists1.thebiz.net] On Behalf Of Palazzo,
William
Sent: Monday, April 23, 2001 3:42 PM
To: 'nyiso_tech_exchange@global2000.net'
Subject: NYPA study-Winter Locational ICAP requirements

<< File: NYPA_LR_wint.PDF >>  << File: TRAN_SYS_001129.PDF >>   At NYPA's
request ISO staff conducted a limited analysis of
the winter locational ICAP requirements for Long Island and New York City
areas.  While such ICAP requirements have historically been set as a single
number for the entire year, it is NYPA's belief that this holdover from the
old way of doing business must be re-examined.  It is NYPA's belief that
most if not all of the contribution to loss of load risk occurs in the
summer months.  As such, some reduction in winter ICAP requirements should
be possible with no impact on the Loss of Load criterion of one day in ten
years.

NYPA requested that the ISO start with the database that resulted in the
locational requirements of 80% and 98% for New York City and Long Island,
respectively.   At NYPA's request the ISO modeled winter ratings on the
transmission interfaces into NYC and LI and determined how much the 80% and
98% could be reduced in the winter before any impact on the statewide Loss
Of Load  occurred.  The report indicates that winter requirements of 75% and
92% of the summer peak load resulted for NYC and LI, respectively.

While this in no way reflects an exhaustive analysis of winter locational
requirements, the results from this study suggest that some reduction in the
winter  requirement may be warranted and a consideration of seasonal
requirements should be incorporated in future ICAP requirement studies.
NYPA believes that having an ICAP requirement for summer and winter seasons
based on the LSE's peak load for the respective season would send the proper
ICAP price signal.

NYPA is sharing the study results in the attached report in an effort to
begin a dialog which we hope will lead to a broader examination of
locational requirements when the issue is revisited again next year.  We
would appreciate hearing the views of other market participants.

<<NYPA_LR_wint.PDF>>  <<TRAN_SYS_001129.PDF>>


LOVE YOU MY LITTLE POD!!

YBGF

mc


Notice  No. 01-367
November 1, 2001

TO:       All NYMEX Division Members
          All NYMEX Commodity Managers
          All NYMEX Clearing Members

FROM:     J. Robert Collins, Jr., President

RE:       EFP Filing Deadlines

     Effective immediately, all EFP submission deadlines will return to
their pre-September 11, 2001 standard timing.  For example, the day after
expiration EFP deadlines for the now-expired November 2001 Heating Oil,
Unleaded Gasoline and Propane contracts is 2:00 p.m. today, Thursday,
November 1, 2001.  Generally, all other EFPs must be submitted by the close
of each futures market on a daily basis.

Further, Notices of Intention to Deliver and Accept to be submitted by
clearing members related to the aforementioned November 2001 contracts are
due at the clearinghouse at 3:00 p.m. today.

          If you have any questions, please call Thomas LaSala, Vice
President, Compliance, at (212) 299-2897.


CALENDAR ENTRY:	APPOINTMENT

Description:
	eb2601 re: ICE & Dynegy Direct

Date:		11/16/2000
Time:		9:00 AM - 10:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


The attachment summarizes all of the comments filed by other parties in this proceeding.  They're now in alphabetical order by the party filing, and the ones that I added since last night are highlighted.  Let me know if you'd like a copy of any of them.


The attached files contains our latest FOM July volume request.  The only
change versus the prior verision is a 10dth/day increase for BGE Choice to
305/day.

Thank you!

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

 - July00_FOM_Req03.xls


per Sharron Westbrook (Sally & Sharron)


Due to low volumes flowing from Fuels Cotton Valley,
we nominate 32,000 MMBtu/d at the HPL/Eastrans interconnect
for the referenced period.  We are estimating that will redeliver 7,000
MMBtu/d
from Fuels Cotton Valley and 25,000 MMBtu/d into PG & E.

I talked to Darren and Brian on the ability to swing additional volume to PG
& E
during a day,
and they said PG & E won't accept daily changes at all !!!  So, if that is the
case,
we will have to find an alternate method to swing the volume.  Based on our
agreement,
we have the ability to give them volume into other pipelines at the hub.
Maybe
we
can swing on them.  In the short term, however, we are going to have to make
due
with adjusting
the HPL volume to equal redelivered volume as best we can.

Sorry for the lateness of this email.  I will get daily nom changes into you
earlier next week.
Thanks for working with us.


I agree with Peace that it is wrong for the "discredited" ISO and PX boards
to select their replacements.  But little else.

Jim

----- Forwarded by James D Steffes/NA/Enron on 11/07/2000 05:30 PM -----

	Jeff Dasovich
	Sent by: Jeff Dasovich
	11/07/2000 01:59 PM

		 To: Steven J Kean/NA/Enron@Enron
		 cc: David Parquet/SF/ECT@ECT, James D Steffes/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Mary Hain/HOU/ECT@ECT, Paul Kaufman/PDX/ECT@ECT,
Peggy Mahoney/HOU/EES@EES, Richard Shapiro/NA/Enron@ENRON, Sandra
McCubbin/NA/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Susan J
Mara/SFO/EES@EES, Tim Belden/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT
		 Subject: Peace Letter

November 1, 2000
>
>
>
>Chairman James Hoecker
>Federal Energy Regulatory Commission
>888 First Street, N.E.
>Washington, DC 20426
>
>Dear Chairman Hoecker:
>
>I want to compliment you and your fellow Commissioners and staff on
>the substance of your initial proposed order concerning the California
>market.  I am writing to share my initial reaction and expect to
>provide more detailed comments in the near future.
>
>While the proposed order is not as clear and unambiguous as I would
>like it to be, your call for sweeping changes in the FERC-approved
>tariffs which were filed in December of 1995 is an important
>contribution to at least partially mitigating the exercise of market
>power as well as helping to establish the legal basis for what will
>surely prove to be a vigorous court fight.
>
>Your unambiguous declaration that the rates being charged in the
>wholesale market are, and have been, "unjust and unreasonable", would
>have restored credibility to the wholesale market. But your action is
>more than adequate for the California Public Utilities Commission to
>deny the applicability of the filed rate doctrine to the wholesale
>prices produced by a FERC-approved tariff, which FERC has now ruled
>failed to produce "just and reasonable" rates.
>
>For California consumers, it means that there is now a legal
>justification for these unjust wholesale costs to not be passed on to
>the retail ratepayers.  In turn, the State and consumers should
>support utilities in litigating for relief against those parties who
>profited from "unjust and unreasonable" wholesale rates which, of
>course, will likely require action against FERC itself.
>
>As I have indicated in prior correspondence, we disagree with your
>counsel's opinion that you are constrained from acting retroactively.
>If the tariffs produced "unjust and unreasonable rates" and were,
>therefore, illegal in October, they were similarly illegal in prior
>months in which the effect of market power was even more evident.
>
>However, we appreciate both your stated desire to act retroactively
>and your request to Congress to clarify this authority. While we would
>certainly prefer that Congress act on your request, we are also
>confident that the Federal Court will confirm our legal analysis.  In
>the interim, your invitation to California to suggest equitable
>remedies for earlier periods, is most welcome.  As a threshold matter,
>a statement by you of your intention to host a settlement conference
>in San Diego would be most useful in moving such a remedy forward.
>
>I support your present proposals to restructure the previously
>FERC-approved tariffs to address the ability of parties to exercise
>market power as far as they go.  However, I do have concerns that
>enhancing the ability of California utilities to make forward
>purchases will not mitigate market power.  Since forward contracts
>will be based upon sellers expectations regarding real- time markets
>and since real-time market prices will still be distorted by the
>exercise of market power, forward contract prices will themselves be
>distorted.
>
>Finally, I will take particular satisfaction in the conversion of the
>discredited ISO and PX stakeholder boards into non-stakeholder boards.
> I do question, however, the wisdom of allowing these dysfunctional
>boards to have a last hurrah and choose their non-stakeholder
>successors.
>
>Mr. Chairman and Commissioners, these are difficult and complex issues
>subject to the push and pull of gigantic economic interests. There
>will be much regulatory work as well as litigation to follow.
>However, your action -- coupled with appropriate action by the
>California PUC -- will help assure that, as these gigantic interests
>fight over economic theory and their balance sheets,  consumers will
>not foot the bill.
>
>Thank you.
>
>
>Sincerely,
>
>
>Steve Peace
>
>Cc:   Commissioner Linda K. Breathitt
>   Commissioner Curt Hebert Jr.
>   Commissioner William L. Massey


Hutch,

How is everything at home?  We would like to come by this week to see the
three of you.  I am sorry we couldn't come by last weekend, but we were all
sick.  Jake continues to be a walking virus.  Talk to you later this week.

Grigsby


Daren:

During the period of 9/1/99 to 9/30/99, the above meter has recorded flow on
the following days with no deals attached:

 Days   Mmbtus

 9/1/99                  0
 9/2/99                29
 9/3/99                  4
 9/4/99                  4
 9/5/99                  4
 9/6/99                40
 9/7/99                27
 9/8/99                  0
 9/9/99                30
 9/10/99                69
 9/11/99                71
 9/12/99                79
 9/13/99                68
 9/14/99                73
 9/15/99                97
 9/16/99                99
 9/17/99                93
 9/18/99                96
 9/19/99                89
 9/20/99                57
 9/21/99              108
 9/22/99              123
 9/23/99              111
 9/24/99                95
 9/25/99              102
 9/26/99                80
 9/27/99                78
 9/28/99              113
 9/29/99                             194
 9/30/99                             131

                          2,164

Currently, these volumes are being booked under the HPL Strangers Gas
Contract.  Logistics needs either a deal to record these volumes which have
flowed into HPL's  pipeline or Logistics needs approval to writeoff these
volumes to Unaccounted for Gas.  (Please print, sign, and return original to
Clem Cernosek).  There was no deal at this meter the previous month or the
later month.

 Deal/DealTicket#/Customer (Seller/Buyer)

    OR

 ________________________________________________________
 APPROVAL to Writeoff the volumes to Unaccounted for Gas Loss

Thanks, Clem


Boo


Start Date: 2/4/02; HourAhead hour: 9;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020409.txt


I am working on it.  Mark

 -----Original Message-----
From: 	Lavorato, John
Sent:	Monday, August 27, 2001 7:47 AM
To:	Haedicke, Mark E.
Cc:	Whalley, Greg
Subject:	FW: New Power

Mark

This e-mail from Bradford worries me.  Can you take a look.

John
 -----Original Message-----
From: 	Bradford, William S.
Sent:	Friday, August 24, 2001 10:28 AM
To:	Lavorato, John
Subject:	FW: New Power

It appears the cash margin may not be a problem.  Initial feedback from EES legal is that we may not be able to cut them off immediately due certain provisions in the EES Masters.  I have a call in to Haedicke to address.  I have also attached the current exposure information.  I am currently in discussion with New Power to better understand the liquidity risks they face.

Let me know if you would like to discuss.

Bill

 << File: New Power Exposure.htm >>

 -----Original Message-----
From: 	Cook, Mary
Sent:	Friday, August 24, 2001 10:12 AM
To:	Bradford, William S.
Subject:	New Power

Cadwalader confirms their opinion that margin postings under the netting arrangement (inclusive of forwards and derivatives) are excepted from preference provisions and that this should not be altered merely by having an insider position, absent other claims.  I have touched base with Tribolet and Sanders to let them know that Cadwalader is available to discuss the netting agreement/bankruptcy issues as desired.

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas 77002-7361
(713) 345-7732
(713) 646-3393 (fax)
mary.cook@enron.com


Credit lines are like bandwidth.  Create the capacity and we'll find a way to
use it.

Sarah Wesner@ENRON
10/03/2000 09:58 AM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: ABN

John - Enron maxed out its facility with ABN on 9/18/00.  I am going for an
increase to $50 million.  Do you see increasing your trade flow?  I do not
want to ask for interest free money if Enron will not use it.

Sarah


Relax, with your comments!  Guess what??????  It turns out that its going to
be Pappas Steakhouse tomorrow at 8:00PM!  Surf and Turf here I come.


Wayne-
I have run the economics on whether to heel out the cargo and attached the model below.  The current NYMEX price for gas in January (which the best price we can get today) is $4.60.  Today's cash price for prompt delivery is about $3.80-$3.90.  The incentive is about $71,000 at the high end (Jan) and about break even at the low end (prompt).  Even at the high end, there isn't much incentive when you take into account the extra day of cooling down you would need.  I talked to Jonathan Whitehead about this and he agreed that it probably isn't worth doing on this trip. We will keep an eye on prices and look at locking something in for future trips if the price spikes.  Otherwise we will revisit on a trip by trip basis.

Dan


FYI - below is the name and phone number of the person who will be handling
the CSFB/Enron Corp. agreement.

---------------------- Forwarded by Stephanie Panus/NA/Enron on 02/08/2001
12:45 PM ---------------------------

"Khosla, Anita" <anita.khosla@csfb.com> on 02/08/2001 12:36:34 PM
To: "'stephanie.panus@enron.com'" <stephanie.panus@enron.com>
cc:

Subject: ISDA Master Agreement between CSFBi and Enron Corp.

Stephanie-thank you for forwarding the proposed Schedule. I will be
responsible for handling this matter. I will respond to upon the return from
my vacation, 20 Feb. FYI-my direct line is 212 538 1938.
Kind regards
Anita Khosla
Vice President
Legal Dept.

This message is for the named person's use only.  It may contain
confidential, proprietary or legally privileged information.  No
confidentiality or privilege is waived or lost by any mistransmission.
If you receive this message in error, please immediately delete it and all
copies of it from your system, destroy any hard copies of it and notify the
sender.  You must not, directly or indirectly, use, disclose, distribute,
print, or copy any part of this message if you are not the intended
recipient. CREDIT SUISSE GROUP and each of its subsidiaries each reserve
the right to monitor all e-mail communications through its networks.  Any
views expressed in this message are those of the individual sender, except
where the message states otherwise and the sender is authorised to state
them to be the views of any such entity.
Unless otherwise stated, any pricing information given in this message is
indicative only, is subject to change and does not constitute an offer to
deal at any price quoted.
Any reference to the terms of executed transactions should be treated as
preliminary only and subject to our formal written confirmation.


Start Date: 4/9/01; HourAhead hour: 18;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040918.txt

---- Energy Import/Export Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/9/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_OZZY
  ENGY_TYPE: FIRM


Let me know by today, please.
---------------------- Forwarded by Eric Bass/HOU/ECT on 09/05/2000 08:15 AM
---------------------------

	Enron North America Corp.

	From:  Eric Bass                           09/05/2000 08:15 AM

To: Timothy Blanchard/HOU/EES@EES, Matthew Lenhart/HOU/ECT@ECT, Bryan
Hull/HOU/ECT@ECT
cc:
Subject: The Mighty Horns

Texas' first football game is this weekend and I have tickets for each of
you.  I would like to leave around 3:00 on Friday to go to Austin. We will
come back on Saturday after the game.

Let me know today if you still want to go.

-Eric


----- Forwarded by Jeff Dasovich/NA/Enron on 05/21/2001 07:04 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	05/21/2001 07:02 PM

		 To: "'Andy Brown (E-mail)'" <ABB@eslawfirm.com>, "'B Brown Andy (E-mail)'"
<andybrwn@earthlink.net>, "'Baker Carolyn (E-mail)'"
<cabaker@duke-energy.com>, "'Bob Escalante (E-mail)'"
<rescalante@riobravo-gm.com>, "'Bob Weisenmiller (E-mail)'"
<rbw@mrwassoc.com>, "'Curtis Kebler (E-mail)'"
<curtis_l_kebler@reliantenergy.com>, "Dean. Nistetter (E-mail)"
<Dean.Nistetter@dynegy.com>, "'Douglas Kerner (E-mail)'" <DKK@eslawfirm.com>,
"'Greg Blue (E-mail)'" <gtbl@dynegy.com>, "'Jan Smutny-Jones (E-mail)'"
<smutny@iepa.com>, "'Jeff Dasovich (E-mail)'" <Jeff.Dasovich@enron.com>,
"'Joe Ronan (E-mail)'" <joer@calpine.com>, "'John Larrea (E-mail)'"
<john.g.larrea@williams.com>, "'Julee Malinowski-Ball (E-mail)'"
<jmball@ns.net>, "'Kassandra Gough (E-mail)'" <kgough@calpine.com>, "'kent
Palmerton (E-mail)'" <kent.palmerton@williams.com>, "'Lynn Lednicky
(E-mail)'" <lale@dynegy.com>, "Marie Moretti (E-mail 2)"
<mmoretti@mccabeandcompany.net>, "'Marty Wilson (E-mail)'"
<mwilson@pstrategies.com>, "'McNally Ray (E-mail)'"
<rmcnally@mcnallytemple.com>, "''Nam Nguyen' (E-mail)'"
<nam.nguyen@powersrc.com>, "'Norton Kelli (E-mail)'"
<knorton@mcnallytemple.com>, "'Paula Hall-Collins (E-mail)'"
<paula.hall-collins@williams.com>, "'Pigott Jack (E-mail)'"
<jackp@calpine.com>, "'Richard Hyde (E-mail)'" <rwhyde@duke-energy.com>,
"'Roger Pelote (E-mail)'" <roger.pelote@williams.com>, "'Stephanie-Newell
(E-mail)'" <stephanie-newell@reliantenergy.com>, "'Sue Mara (E-mail)'"
<smara@enron.com>, "'Tom Ross (E-mail)'" <tross@mcnallytemple.com>, "Tom
Williams (E-mail)" <tcwillia@duke-energy.com>, "'Alex Sugaoka (E-mail)'"
<alex.sugaoka@uaecorp.com>, "'Bill Carlson (E-mail)'"
<william_carlson@wastemanagement.com>, "'Bill Woods (E-mail)'"
<billw@calpine.com>, "'Bob Ellery (E-mail)'" <bellery@spi-ind.com>, "'Bob
Gates (E-mail)'" <bob.gates@enron.com>, "'Cody Carter (E-mail)'"
<cody.carter@williams.com>, "'Curt Hatton (E-mail)'"
<Curt.Hatton@gen.pge.com>, "'David Parquet'" <david.parquet@enron.com>,
"'Dean Gosselin (E-mail)'" <dean_gosselin@fpl.com>, "'Doug Fernley (E-mail)'"
<fernley.doug@epenergy.com>, "'Duane Nelsen (E-mail)'"
<dnelsen@gwfpower.com>, "'Ed Tomeo (E-mail)'" <ed.tomeo@uaecorp.com>,
"'Eileen Koch (E-mail)'" <eileenk@calpine.com>, "'Eric Eisenman (E-mail)'"
<eric.eisenman@gen.pge.com>, "'Frank DeRosa (E-mail)'"
<frank.derosa@gen.pge.com>, "Frazier Blaylock (E-mail)"
<frazier_blaylock@ogden-energy.com>, "'Hap Boyd (E-mail)'"
<Hap_Boyd@enron.com>, "'Hawks Jack (E-mail)'" <jack.hawks@gen.pge.com>, "'Jim
Willey (E-mail)'" <elliottsa@earthlink.net>, "'Joe Greco (E-mail)'"
<jgreco@caithnessenergy.com>, "'Jonathan Weisgall (E-mail)'"
<jweisgall@aol.com>, "'Kate Castillo (E-mail)'" <CCastillo@riobravo-gm.com>,
"'Kelly Lloyd (E-mail)'" <kellyl@enxco.com>, "'Ken Hoffman (E-mail)'"
<khoffman@caithnessenergy.com>, "'Kent Fickett (E-mail)'"
<kfickett@usgen.com>, "'Lynn Lednicky (E-mail)'"
<lynn.a.lednicky@dynegy.com>, "'Marty McFadden (E-mail)'"
<marty_mcfadden@ogden-energy.com>, "'Paula Soos'"
<paula_soos@ogden-energy.com>, "'Randy Hickok (E-mail)'"
<rjhickok@duke-energy.com>, "Rick S. Koebbe (E-mail)"
<rskoebbe@powerworksinc.com>, "'Rob Lamkin (E-mail)'"
<rllamkin@seiworldwide.com>, "'Ross Ain (E-mail)'" <ain@worldnet.att.net>,
"'Steve Iliff'" <siliff@riobravo-gm.com>, "'Steve Ponder (E-mail)'"
<steve_ponder@fpl.com>, "'Tony Wetzel (E-mail)'" <twetzel@thermoecotek.com>,
"'William Hall (E-mail)'" <wfhall2@duke-energy.com>,
trusso@mcnallytemple.com, sadlersa@earthlink.net, mstultz@epsa.org,
rtemple@mcnallytemple.com, tracy.fairchild@edelman.com,
megan.beiser@edelman.com, deborah.fiorito@dynegy.com, lchurch@epsa.org, Katie
Kaplan <kaplan@iepa.com>, tcwillia@duke-energy.com, rwhyde@duke-energy.com,
tmcmorrow@manatt.com, Suzy.L.Rodriguez@dynegy.com, ppitts@wiredworld1.com,
mnobili@cal-lobby.com, sscsus@aol.com, kvellandi@pstrategies.com
		 cc:
		 Subject: CA Probe focuses on Dynegy, Mirant Plants

Calif Probe Focuses On Dynegy,Mirant Plants-Commissioners
Updated: Monday, May 21, 2001 05:28 PM;ET     ;
;
By Jason Leopold and Mark Golden

Of DOW JONES NEWSWIRES

LOS ANGELES (Dow Jones)--California officials are focusing an investigation
into the state's wholesale electricity markets on two power plants operated
by two of the state's largest merchant power companies, Mirant Corp. (MIR,
news, msgs) and a joint venture between Dynegy Inc. (DYN, news, msgs) and NRG
Energy (NRG, news, msgs), according to two commissioners on the California
Public Utilities Commission.

The CPUC and the state Attorney General are investigating whether output was
withheld in order to maintain high prices over the past seven months at
Mirant's Pittsburg plant in northern California and the Encina power plant,
which is equally owned by Dynegy and NRG, near San Diego.

All power plants in the state are being examined, but investigators have
found that the Encina and Pittsburg plants have reduced power during supply
shortages, causing market prices to rise.

But so far, the commissioners said, investigators have found no activity that
is clearly illegal.

"Is it unethical? Yes," one PUC commissioner said. "But is it illegal? No,
unless there was collusion. This is the system we set up. What the generators
are doing would be the appropriate thing to do if you are going to maximize
your profit to shareholders."

Spokesmen for Mirant and Dynegy flatly denied the charges.

"What we did was both legal and ethical," said Mirant spokesman Chuck
Griffin. "There was a very forthright attempt to keep these plants up and
running. Unequivocally, we have never held anything back."

Some of the turbines at the Encina plant are peaking units, which are
supposed to ramp up and down to meet demand, Dynegy spokesman Steve Stengell
said. The plant is operated by NRG, but Dynegy markets the power from the
plant and tells NRG how much power to generate based on what has been sold.

"We've done absolutely nothing to manipulate prices," Stengell said.
"Electricity demand increases and decreases throughout the day. Our
production increases and decreases to follow changing demand. Ultimately, the
ISO determines the exact amount of dispatch."

A spokesman for Attorney General William Lockyer declined to comment on the
ongoing investigation.

CPUC President Loretta Lynch told California newspapers last week that her
office and that of Lockyer's have enough information to take legal action
against generators next month, though she declined to name the companies
involved and she said that the exact nature of the legal action is still
under review.

"We get really tired of these assertions with no evidence to back them up,"
Griffin said. "This whole idea that any generation was held back at any time
is completely bogus. It is pure political rhetoric."

Mirant's California power plants have run at full power during critical times
except under one of two conditions, Griffin said. Either generating units
were broken and had to be taken off line to be fixed, or they were beginning
to run in a way that violated environmental restrictions and Mirant had to
get permission to run at full power any longer.

"There are no other reasons than those two," said Griffin.

Nevertheless, several employees at the power plants involved have testified
that generating units were ramped down even when the state's Independent
System Operator had warned of tight supplies, according to one commissioner.

And a senior NRG employee at the Encina power plant in Carlsbad told Dow
Jones Newswires that he was told by Dynegy's Houston trading floor to "ramp
down" the large 951-megawatt plant on at least 10 occasions when he knew
power supplies were tight.

"We would be told to ramp down the units even when we knew the state needed
the megawatts," the employee said. "Then the spot price would go up, but we
didn't really pay too much attention to that, because as far as we know
everybody was doing this. We knew how much power other plants were operating
at, and we knew they weren't at full capacity."

NRG spokeswoman Meredith Moore said that the ISO gives instructions to Dynegy
and Dynegy tells NRG what to do. "And there have been conditions when the ISO
told us to ramp down during Stage 2 emergencies," Moore said.

Also, one CPUC commissioner pointed out that the state's deregulation law
doesn't require owners of power plants to bid all of their capacity into the
market.

The state's incumbent utilities, who were forced to sell their power plants
as part of deregulation, also may have contributed to the problem, according
to an ISO study. By not securing nearly enough power in advance to meet their
customers projected needs, the state's three main utilities contributed to 36
Stage 1 and 2 power emergencies last summer and forced the grid operator to
pay a much higher price to keep the lights on.

The utilities argued that they underscheduled their load so they wouldn't
have to pay the generators' high bid prices. The ISO market last year had a
price cap, while other markets did not.

Mirant's Griffin, meanwhile, said all the finger pointing isn't solving the
state's problem.

"If they are going to get to a solution in California, they have to get
beyond silly political rhetoric," Griffin said. "The real solution to the
problem is to get new supply, and if they are going to do that they have to
make this market look attractive to the kind of people who can build power
plants."

-By Jason Leopold, Dow Jones Newswires; 323-658-3874;
jason.leopold@dowjones.com

(Mark Golden in New York contributed to this article.)


Sam,

I shall try to get it by tomorrow.

Vince
-----Original Message-----
From: Smith, William
Sent: Tuesday, November 27, 2001 12:27 PM
To: Kaminski, Vince J
Subject: Newsletter Column?

Hello Vince!

Did you have time to do that Kaminski's Column, or would you like to wait and do one for next week?  It won't be the end of the world if we don't do an issue today, especially given the current situation.

Please do let me know at your convenience,

Sam


Jeff -- I'll be working on the PR activities for this issue.  I've made a few
revisions to the draft  (approaches and messages).  Let's discuss later this
morning.

Thanks.
kd

---------------------- Forwarded by Karen Denne/Corp/Enron on 07/19/2000
04:52 AM ---------------------------

Cindy Derecskey
07/19/2000 04:30 AM
To: Karen Denne/Corp/Enron@ENRON
cc:

Subject: Revised Price Cap Media Draft

---------------------- Forwarded by Cindy Derecskey/Corp/Enron on 07/19/2000
04:28 AM ---------------------------

Jeff Dasovich @ EES on 07/18/2000 06:36:03 PM
To: Steve Kean, Paul Kaufman@EES, Richard Shapiro/HOU/EES@EES,
mpalmer@enron.com, James D Steffes/HOU/EES@EES, Sandra McCubbin/SFO/EES@EES,
Mona L Petrochko/SFO/EES@EES, Susan J Mara/SFO/EES@EES
cc:

Subject: Revised Price Cap Media Draft

Here's the draft with comments from Steve, Mark and Mona included.  If anyone
has any others, please send them along.  This wil likely go to IEP Thursday
or Friday.


---------------------- Forwarded by Richard B Sanders/HOU/ECT on 04/24/2000
04:34 PM ---------------------------

RAISLERK@sullcrom.com on 04/24/2000 09:37:24 AM
To: richard.b.sanders@enron.com
cc:
Subject: CalPx

----------------------------------

This e-mail is sent by a law firm and contains information
that may be privileged and confidential. If you are not the
intended recipient, please delete the e-mail and notify us
immediately.

 - CalPX.doc


Tim, thanks for the note.  Mark


Brian,

No problem.

Vince

"Brian Corbett Nelson" <nelsonb@ruf.rice.edu> on 04/26/2001 08:15:14 PM
Please respond to <nelsonb@rice.edu>
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: Term Project:

Vince, I finally joined a team that only had two members.  It looks like our
paper will only be about 13 to 15 pages.  We were wondering that since our
team is less than half the size of some of the other teams, if you could
possible relax the length requirement?

Thanks,
Brian Nelson

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 3:54 PM
To: nelsonb@rice.edu
Subject: RE: Term Project:

Brian,

The last class + plus a few days (depending on when I have
to submit the grades).

Vince

"Brian Corbett Nelson" <nelsonb@hydrant.ruf.rice.edu> on 04/11/2001
03:35:14 PM

Please respond to <nelsonb@rice.edu>

To:   <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: Term Project:

Mr. Kaminski,

I had an interview last Thusday in Dallas and could not attend class.  Did
you set a project deadline?

Thanks,
Brian Nelson

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Wednesday, April 11, 2001 3:22 PM
To: isranir@rice.edu; demianen@rice.edu; tbal93@yahoo.com;
maue@rice.edu; loughrid@rice.edu; jblantonjr@yahoo.com;
gjohnson@rice.edu; emchombo@rice.edu; nazareth@rice.edu;
vanstone@rice.edu; ganguzza@rice.edu; nelsonb@rice.edu;
sssmith@rice.edu; wheelock@rice.edu; westmore@rice.edu;
gaudette@rice.edu; otaylor@rice.edu; dikeman@rice.edu; jettke@rice.edu;
litton@rice.edu; chilkina@rice.edu; helms@rice.edu; wankhade@rice.edu;
monfan@rice.edu; kostya@rice.edu; pcp@rice.edu; yueguo@rice.edu;
nlwbio@rice.edu; zhangn@rice.edu; rishad@rice.edu; yoshiura@rice.edu;
howard@rice.edu; dayangd@rice.edu; wuwei@rice.edu; so@rice.edu;
wooddy@rice.edu; lamas@rice.edu; tbalestrery@houston.rr.com;
hingoran@rice.edu; planck@rice.edu
Cc: vkaminski@aol.com; Vince.J.Kaminski@enron.com;
Jason.Sokolov@enron.com
Subject: Term Project:

This is the list of projects for the members of the "quant" team.
If you are working on different project, please, ignore this message.

Please, develop in a spreadsheet solutions/examples for the following:

1. Black-Scholes formula
2. Black's formula
3. Develop a spreadsheet to simulate price trajectory using:
     a. GBM
     b. GBM + jump (Formula 2.16 in the book, Figure 2.7)
     c. Mean reversion + jump (Formula 2.17, Figure 2.8)
4. Schwartz Single Factor Model (Formula 6.12)
5. Develop models corresponding to the Figures 7.1, 7.3, 7.5, 7.6, 7.8

Vince


Start Date: 2/2/02; HourAhead hour: 19;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002020219.txt


Why are you congradulating me, I work for Delainey.


Attached for your reference is a memo I prepared for Sara on the referenced
subject.


We have in place an executed Agreement for Prime Brokerage Clearance Services
between J. P. Morgan and ECT Investments.  The Agreement is dated July 24,
1996.  I spoke with Aneela and confirmed that this is the Agreement I copied
for her.  We do not have an Agreement in place for ENA.  I have added the
Agreement between J.P. Morgan and ECT Investment  to Lotus Notes.

Samantha M. Boyd
Sr. Legal Specialist
Enron North America, Corp.
1400 Smith, EB3802A
Houston, TX  77002
Phone:  (713) 853-9188
Fax:  (713) 646-3490
email:  samantha.boyd@enron.com


Sally,

This is the reply from Kevin Sweeney regarding our inquiry for a London
employee to fill our Liquids position in my group.

Mike
---------------------- Forwarded by Michael E Moscoso/HOU/ECT on 04/17/2000
01:20 PM ---------------------------

Kevin Sweeney
04/14/2000 01:53 PM
To: Michael E Moscoso/HOU/ECT@ECT
cc: Tani Nath/LON/ECT@ECT, Scott Earnest/HOU/ECT@ECT, Tim
Poullain-Patterson/LON/ECT@ECT
Subject: Re: Position in Risk Controls

Mike,

The Global Products team met yesterday to discussing current staffing
issues.  We are going to be short London risk people with some of the current
changes that are taking place within the Global Products groups and really
wouldn't be able to consider someone until later this year maybe late Q4.

Please let me know if I can be of further assistance.

Kevin

	Enron Capital & Trade Resources Corp.

	From:  Michael E Moscoso                           04/14/2000 08:10 AM

To: Kevin Sweeney/HOU/ECT@ECT
cc:
Subject: Re: Position in Risk Controls

Kevin,

Any thoughts at this point?

Mike

Kevin Sweeney
04/12/2000 01:21 PM
To: Michael E Moscoso/HOU/ECT@ECT
cc: Scott Earnest/HOU/ECT@ECT, Bjorn Hagelmann/HOU/ECT@ECT, Fernley
Dyson/LON/ECT@ECT
Subject: Re: Position in Risk Controls

Mike,

Scott Earnest, Tani Nath, Tim Poullain-Patterson, and myself are having a
discussion around staffing tomorrow, and will discuss your proposal as a part
of that.

I will let you know our thoughts post that meeting.

Kevin


Ran into Ed this morning and he said that he ran into your ugly ass this past
weekend.  I told him that it sucks for him but its over so all the better.
He said he was taking notes from the way you dress, thats if he ever went
back to being single again.  Biked, ran and workedout this weekend.  I am on
the path to kicking ass and taking names.  Bring it!!


It's changed to APS. I'm wondering about the status of APS and Pinnacle - I
guess the traders here had heard we were now doing our trades with Pinnacle,
not APS. Is this incorrect? Do you know who might know about that?

Thanks,
kate

Evelyn Metoyer@ENRON
03/22/2001 12:13 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 557724

Tom ALonso
deal 557724
Bloomberg shows cp name as Arizona Public Service and enpower has Pinnacle
West
Can you please check with Tom on the correct cp name.

Thanks


Depends on how the deals were entered originally.  If the sum of both deals
will make up the total expense that will be paid to pipeline, then the
waivers/discounts need to be included on both tickets.  If the tickets have
been entered by some other method, a review might be necessary.

Even though we know that we will pay the pipeline based on the net activity
across all deals, each deal will be treated independently in Unify when
determining the expense.  If two deals are entered assuming the tariff rate
applies, then later one deal is modified to a negotiated price, only the
volumes that are moved on the negotiated price deal will be valued this way,
the volumes that move on the other ticket will still be valued at tariff rate.

Hope this helps.

SRM

Chris Germany
05/04/2000 03:38 PM
To: Scott Mills/HOU/ECT@ECT, Thomas Engel/HOU/ECT@ECT, Dave
Nommensen/HOU/ECT@ECT
cc: Scott Goodell/Corp/Enron@ENRON, Judy Townsend/HOU/ECT@ECT, Dan
Junek/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Brenda H
Fletcher/HOU/ECT@ECT
Subject: Capacity question

I have fuel waivers on my CNG transport contracts.  I am entereing these fuel
waivers on the primary capacity deal in Sitara.  Do I need to enter them on
the secondary capacity deal ticket?

Also, I have an IT discount on one of my Tennessee contracts on gas flowing
from the Gulf (East Region) to CNG (Market East Region).  Which transport
capacity deal ticket should I enter the discount on?


Joann, you may need to get with Chris Ordway on this.  Please let me know if we are still using any of the contracts listed below.  I don't think we are using them anymore.

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/14/2001 03:59 PM ---------------------------

Marlene Hilliard
04/27/2001 12:55 PM
To:	Chris Germany/HOU/ECT@ECT
cc:
Subject:	Terminate Contracts

I need to know if you still want the following contracts terminated on Dominion Transmission, Inc.  Further, what should be the effective date of termination.

1.  8T0A61

2.  8G1064

3.  8G0A63

4.  8G0A62

5.  8G0A61

6.  8G2302

7.  8G2301

8.  8T0012

9.  8T0014

10.  8T0010

11.8G0011

12.  8G0012

13.  8G0013

14.  8G0014

Please contact me as soon as possible.

Thank you.

Marlene D. Hilliard


See below from Tricia Spence.
---------------------- Forwarded by Victor Lamadrid/HOU/ECT on 12/05/2000
03:36 PM ---------------------------

Russ Severson
12/05/2000 04:08 PM
To: Tricia Spence/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Victor
Lamadrid/HOU/ECT@ECT, Katherine L Kelly/HOU/ECT@ECT, Edward
Terry/HOU/ECT@ECT, Jayant Krishnaswamy/HOU/ECT@ECT, Jeff Lewis/HOU/ECT@ECT,
George Grant/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, Jeffrey C
Gossett/HOU/ECT@ECT
cc:
Subject: SPECIAL FILTERS FOR EAST DESK

PLEASE FIND ATTACHED - NEW PIPE FILTERS

For the full East desk intramonth position - you can apply the portfolio for
EAST INTRAMONTH POSITION - (no filters).
If you want to view the positions by NE and SE pipes - save the following
views on your machine.

To use the special filter portfolios - after you launch position manager,
open the following views.
The system will activate the portfolio for the respective pipes and display
only the requested pipes for the deals with NE and SE pipes.

MAKE SURE YOU DO NOT HAVE A POSITION MANAGER ACTIVE WHEN YOU DETACH THE NEW
FILTERS ON YOUR PC.

DOUBLE CLICK ON THE FILE BELOW - SELECT LAUNCH  -  AND OK.

THEN LAUNCH POSITION MANAGER AND THE FILTERS WILL BE IN YOUR SAVED VIEWS


Did you know that facilities provides more services to employees than most town provide their residents?  Find out how many visitors come to Enron, how many calls operators take and how many services requests are made at the Facilities Help Desk.  Ask Brenda Anderson, Supervisor of Facilities and Customer Services, all your questions about our "city within a city" (today) Wednesday, June 13 on eSpeak at 10 a.m. Houston time.

Can't make the live event?  No worries.  Go to eSpeak (http://ethink.enron.com/eSpeak/exec/default.asp) now and submit your question.  Sharon will try to answer it during her event and you can read the transcript later.


I was comparing the 'Position by Trader PRINT' tab in WestPos to the VaR report (Nov. 26 for example).

I would hope the rules for carrying over a week will still apply, but I have not heard anything concrete.  I'll see what I can find out.

Stacey

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Wednesday, December 05, 2001 10:36 AM
To:	White, Stacey W.
Subject:	VaR

Stacey, I have checked the VaR numbers in the DPR against the date specific VaR reports for several days and they tie out. Can you tell me which reports you were looking at.

Any news on running the DPR's? Do you know what happens with unused vacation time?

John


- MACLEOD-.DOC
 - MACLEOD-.DOC


Notes for this Week's Report:

* UK Gas's Average EOL and Non-EOL deals per day have decreased since their peak of 140 EOL and 96 Non-EOL transactions in March. They ended April with an average of 118 EOL deals per day and finished with 75 transactions in May. Non-EOL recorded 82 deals per day in May.

* UK Power's average deals per day finished April with 13 EOL deals and reported 13 daily transactions in May as well, down from March's 59 EOL deals.  Non-EOL's average transactions have increased dramatically, however, ending April with 180 deals per day and closing May with 255 deals.  While transactions are down, EOL and Non-EOL volume is up during this same period.

* US West Power's average transactions per day continued to increase to 182 EOL deals in May, up from 80 deals per day in January, a 128% increase. Non-EOL daily transactions has increase from 206 to 223 deals during the same period.

* Southwest Power's EOL transactions per day has continued to increase in 2001. On average, they ended January with 26 EOL trades and finished May with 65 daily transactions, a 150% increase. Non-EOL transactions have increased during this same period as well, up from 68 in January to 74 in May.

* WTI Physical's total monthly transactions closed at 117 EOL deals in May.  This monthly total in May is up from April's total of 60 EOL deals, a 95% increase.

* IPE Financial Gasoil's total monthly transactions via EOL shows 195 deals, up dramatically from it's 81 deals in March and 74 in April. During this same period, Non-EOL trading is also up from 234 total deals in March to 578 in May.

* US Weather's total monthly transactions has increased in May with 64 deals via EOL, up from 23  in April and 15 in March. Non-EOL deal totals are up slightly to 41 deals in May from 23 in April, but still report below average for 2001.

---------------
The following files contain a graphical view of the average deal count and volumes per month by Commodity for EOL and OTC transactions since the launch of EnronOnline. This information is for comparative analysis only.  Do not update links when opening these files.

AVERAGE DEAL COUNTS FOR COMMODITIES (excluding Global Products, which displays monthly totals)

If you have any questions regarding this breakout, please contact one of the following:

Torrey Moorer x3-6218
Adam Johnson x5-4877


Frank:
I have sent your responses to Stacy Dickson and Jeff Hodge so that they can
verify the physical questions.  With respect to question #3, I would alos
state that until the Master is executed, all of those trades will be governed
by the online GTC.  Also, to the extent that Cargill traded with Enron Canada
on a financial basis, those trades would alos be confirmed under the Master
as it is my understanding taht we do not do separate Masters with the same
counterparty for ENA and ECC.

Carol


In case I forget to mention it, when the next round of Panda docs are ready,
you might want to send them to Herman and Matt.

Thanks,

Kay


The scanner is not working.  Please come by my desk when you get the chance.

Sincerely,

Mike Grigsby


Attached is a summary of the New York RTO Order issued by FERC late yesterday. I apologize for the length, but I wanted to include a number of quotes from the Order that repeat arguments that we have been making over the past few years. In a procedural Order issued today, FERC has scheduled the Northeast mediation process to begin next Thursday, July 19th.


I was advised by Lad Lorenz of Socal that their original application sets forth the plan by which they will sell the residual gas in the Montebello storage field.

Can you please advise me of the final tems of the PUC decision (should have been announced yesterday) and get a copy of the application?

Based upon yesterday's conference in D.C., I  think the restructuring of Socal's backbone transportation is about to become a hot topic again! Please keep us apprised.

Regards,

Stephanie


The tickets are finished.  I have updated most of the third party tickets,
with the exception of Oasis/West of Prairie Lea and Oasis/East of Prairie
Lea.  I saw several May tickets with this path, and want to conserve
tickets.  I set up one ticket for this path.  Please let me know if you have
any questions.  Dave, once volumes get attached to these tickets, I would
like to run a Basis Adjustment report by pipe to double-check the desk
rates.  Thanks.
---------------------- Forwarded by Heidi Withers/HOU/ECT on 05/25/2000 08:32
AM ---------------------------

	Enron North America Corp.

	From:  Heidi Withers                           05/24/2000 06:27 PM

To: David Baumbach/HOU/ECT@ECT, Pat Clynes/Corp/Enron@ENRON, Daren J
Farmer/HOU/ECT@ECT
cc: Mary M Smith/HOU/ECT@ECT
Subject: June Transport Usage Tickets

I updated the June transport usage tickets today through HPL, and will be
finishing these tickets tomorrow.  Rates have been updated to reflect current
matrix rates and all baseload rates that I know of at this time.  I have not
yet received third party transport rates, so if you know of any, please let
me know.  Also, I have zeroed out some volumes on some tickets for June, so
your schedulers will have to update volumes as they know them.  Rule of thumb
was that if I had to add a month, I refreshed the rate but left volume at
zero.  If the months were already on the ticket, then I refreshed the rate
and left the volume as is.

I would advise that your schedulers check volumes on all pipes to ensure
they're reflected in Position Manager correctly.  Please let me know if you
have any questions.  All pipes will be updated by tomorrow morning.

Heidi


Give Molly a call and check with her.  She may want you to report to her
first.  Otherwise we'll see you on the 21st.

	"Nachawati, Nabil, M" <nnachawa@Central.UH.EDU>
	05/15/2001 02:30 PM

		 To: "'Gerald.Nemec@enron.com'" <Gerald.Nemec@enron.com>
		 cc:
		 Subject: RE: Starting Date

Gerald,

 I hope everything is going well in the office. The start date
remains the same (May 21st). I wanted to know if I report to you on the
21st, or if I need to report to Molly Magee in Human Resources for anymore
paperwork, etc.?

Talk to you soon,

Majed Nachawati

> -----Original Message-----
> From: Gerald.Nemec@enron.com [SMTP:Gerald.Nemec@enron.com]
> Sent: Tuesday, May 15, 2001 10:59 AM
> To: nnachawa@Central.UH.EDU
> Subject: RE: Starting Date
>
> Majed,  Wanted to make sure you are still scheduled to start on May 21.
> Let me know if anything has changed.  Thanks.
>
>
>
> ----- Forwarded by Gerald Nemec/HOU/ECT on 05/15/2001 10:57 AM -----
>
>
>                     "Nachawati,
>
>                     Nabil, M"              To:
> "'Gerald.Nemec@enron.com '" <Gerald.Nemec@enron.com>
>                     <nnachawa@Centr        cc:
>
>                     al.UH.EDU>             Subject:     RE: Starting Date
>
>
>
>                     04/17/2001
>
>                     06:01 PM
>
>
>
>
>
>
>
>
>
>
> Gerald,
>
> I hope everything is going well with respect to your work load! I know
> that
> you are probably very busy with conference calls. Anyway, I look forward
> to
> working in your department this summer. I have already taken my drug test,
> and have given Molly Magee my start dates (tentatively with your
> approval).
> I have my start date scheduled to commence on May 21, 2001 and end on June
> 29, 2001. I hope these dates coincide with your schedule. Please e-mail me
> and let me know.
>
> Looking Forward to this summer,
>
> Majed Nachawati
>
>
>
> -----Original Message-----
> From: Gerald.Nemec@enron.com
> To: nnachawa@Central.UH.EDU
> Sent: 4/17/2001 5:09 PM
> Subject: Starting Date
>
> Nabil,  Can you please provide the dates that you are planning on
> working
> for the 1st half of the summer. I called your residence earlier today,
> but
> your machine did not pick up.    It is probably easier to communicate
> via
> email since we both keep missing each other.  Thanks.
>
>
>


Amy Oberg's brown bag, Coming Full Circle: A Plausible Future for Power
Generation has been cancelled.
We apologize for any inconvenience this may cause.  Please keep watching for
future brown bags.


On May 24, 2001 the Business Issues Committee will consider proposed Stage
2 modifications to the NYISO Market Administration and Control Area
Services Tariff, including changes to reflect a conversion from ICAP to
UCAP, and from a six-month to a one-month Obligation Procurement Period.
The Department of Public Service offers the attached comments on the
proposal and on the need for a "hard look" at ICAP rules, in general.

Steven F. Keller
Office of Electricity and the Environment
New York State Department of Public Service
Phone (518) 486-2430
Fax      (518) 473-2420
 - NYSDPS Position on ICAP Issues.doc


Pat

For your information, I have attached the current proformas (UBS and the standard).  I know John and Mike have had a lot of conversations on this - essentially where we stand is that the work has been done to complete the commercial reductions (by name) but the non-commercial groups have just been reduced across the board and we intend to start the process today on how to cut the numbers on the non-commercial side.  The theory was that communicating the Netcolite concept was something we would not do until we had a bit more clarity.  Webb knows but that's about it on the non-commercial side.

Hope this helps.

Louise

Louise Kitchen
Chief Operating Officer
Enron Americas
Tel:  713 853 3488
Fax: 713 646 2308


What do you mean "leaving Enron"?  Where are you going?

D

Beverly Beaty
03/13/2001 09:11 AM
To:	Charlene.Merrill@dvn.com, Victor.Haley@dvn.com, Alan.Coad@dvn.com, Deana.Thayer@dvn.com
cc:	Mark L Schrab/HOU/ECT@ECT, Kirk Lenart/HOU/ECT@ECT, Jesse Villarreal/HOU/ECT@ECT, Sabra L Dinari/HOU/ECT@ECT, Clarissa Garcia/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT, Meredith Homco/HOU/ECT@ECT, Cynthia Franklin/Corp/Enron@ENRON, Christina Sanchez/Corp/Enron@ENRON, Darren Espey/Corp/Enron@ENRON, Carlos J Rodriguez/HOU/ECT@ECT, Scott Loving/NA/Enron@ENRON, George F Smith/HOU/ECT@ECT, Margie Straight/HOU/ECT@ECT, Mary Ellenberger/Corp/Enron@ENRON, Aimee Lannou/HOU/ECT@ECT, Jessica White/NA/Enron@Enron, Patti Sullivan/HOU/ECT@ECT, Teresa McOmber/NA/Enron@ENRON, hpl.scheduling@enron.com, Katherine L Kelly/HOU/ECT@ECT
Subject:	New Contact for Devon

Please note that I will be leaving Enron as of March 23,2001.  Please send future e-mails regarding
Devon changes to Kathy Kelly and Clarissa Garcia, as well as the schedulers that you are already sending
changes too.  They will coordinate all future Devon inquiries and changes.

If there are questions before then, please call me at 713-853-6357

Thanks,
Beverly Beaty


I am troubled by your report.  Perhaps we need to threaten to revoke the
anmesty and impose sanctions for noncompliance?  Or deputize someone mean to
search file cabinets?  In all seriousness, would all of you please remind
your troops of the importance of this effort, as I will with my folks.  Rick,
thanks for the hard work  and perseverance on this.  DF

Rick Dietz
05/05/2000 01:49 PM
To: Julia White/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Michel Nelson/ET&S/Enron@ENRON
cc:

Subject: Please Read - Document Control Project

Honestly,  Drew Fossum told me "If you build it, they will come".

Well, the ET&S Contract Administration Group has successfully reconfigured
the contract file room in Houston to house any and all ET&S agreements in a
secured environment.  But frankly, we are disappointed in the response that
we have received to date.  We have only received a few documents from the
Minneapolis Area Office and from Market Services in Houston.  Hopefully, the
memo that I sent to you on April 7th was forwarded to your direct reports
with instructions on providing any originals or copies of agreements created
outside the CMS/CBS systems to the Contract Administration Group in Houston.
If you would like me to forward this memo to you again, please let me know.

We have established contacts for all locations across ET&S to receive and log
any originals or copies of agreements/documents given to them by department
employees before forwarding them to the Contract Administration Group in
Houston.  The contacts, who have already been notified of their role in this
process, are:

  Department   Contact

  Marketing (Omaha)  Laura Lantefield
  Marketing (Omaha)  Joni Bollinger
  Marketing (Omaha)  Janet Bowers
  Marketing (Mpls.)  Lisa Valley
  Marketing (Field)  Craig Buehler
  Legal    Martha Benner
  Regulatory   Barb Bischoff
  Operations   Judy Kudym/Mike Nelson
  Market Services (Houston) Patricia Steele

If you have not already done so, please forward the April 7th memo (or this
memo) to your staff showing your support for this project.  If you have any
questions, please contact me at extension 35691 or Pat Steele at extension
37712 .

Rick