The attachment was scrambled.  Can you send in word format?

 -----Original Message-----
From: 	Stelzer@aol.com@ENRON [mailto:IMCEANOTES-Stelzer+40aol+2Ecom+40ENRON@ENRON.com]
Sent:	Tuesday, July 24, 2001 2:26 PM
To:	klay@enron.com
Cc:	Fleming, Rosalee; skean@enron.com
Subject:	Invitation letters: Browne, Howard Davies; Glynn

Herewith the final batch of invitation letters, to be sent if you agree with
the revised agenda that is also attached. All of these items are being faxed
as well, and a copy of the revised agenda sent to John Sherriff.

 - Advisory council London agenda 07-23-01 draft.ZIP << File: Advisory council London agenda 07-23-01 draft.ZIP >>


MWilczek@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 0:00, 14:00 and 17:00 in the October
20, 2001
Real-Time Market as well as the following hours per ECA 20010608B to verify
prices:

HQ:  4:00 - 6:00 and 23:00
OH:  23:00
NE:  23:00
PJM: 15:00, 17:00, 21:00 and 23:00

In addition, the NYISO is reserving all ancillary service prices for hour
beginning 18:00 in the October 20, 2001 Hour-Ahead Market.

Prices in the October 21, 2001 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


is telas on sheppard a pretty cool joint to go to on fri?


Bill:  I am resending my earlier message which identifies the correct legal
entities with which Enron Corp. would like to execute ISDA Master Agreements
(for the purpose of entering into equity trades).  In addition to the
entities listed below, we need to include "Merrill Lynch International"
("MLI").  ENA just negotiated an agreement with MLI, so the Enron Corp.
master should be fairly simple.  Also, Clint and Jeff are interested in
transacting with Toronto Dominion Bank.  In that regard I note that Enron has
an Interest Rate and Currency Agreement with Toronto Dominion Bank, New York
Branch.  I'll review this agreement to see if it requires amendment.

Jeff/Clint:  Do want to deal with a specific Toronto Dominion branch?

All:  I will expect that Bill will provide credit worksheets and I'll either
begin the ISDA process or change "ENA" to Enron Corp. on those agreements
which have previously been sent.

Thanks.  Let me know if you have any questions.  Sara
----- Forwarded by Sara Shackleton/HOU/ECT on 09/18/2000 02:46 PM -----

	Sara Shackleton
	08/23/2000 05:47 PM

		 To: William S Bradford/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Rod
Nelson/LON/ECT@ECT
		 cc:
		 Subject: Enron Corp. ISDA Master Agreements

All:  Before Rod became a Brit, we were working with Enron Corp. treasury to
put in place some masters in the name of ENA for the following parties:

Bear, Stearns Internaitonal Limited
Credit Agricole Indosuez
CSFB International
Lehman Brother Finance S.A.
Morgan Stanley Capital Services Inc.
Deutsche Bank

These masters will be used to for equity deals on ENE stock.  The Treasury
group has concluded together with Rex Rogers and V&E, that Enron Corp. is the
appropriate swap counterparty for these masters and NOT ENA.

Who in credit will be available to assist me in this process?  Thanks.  Sara


----- Forwarded by Jeff Dasovich/NA/Enron on 02/08/2001 03:03 PM -----

	Jean Munoz <jmunoz@mcnallytemple.com>
	02/08/2001 02:32 PM

		 To: IEP <jmunoz@mcnallytemple.com>
		 cc:
		 Subject: Hertzberg Press Conference

Attached are press materials from the Hertzberg press conference held
earlier today.

Just FYI, this press conference was originally going to include Republican
members -- and was originally scheduled for last week.

Thanks,
Jean

--
Jean Munoz
McNally Temple Associates, Inc.
916-447-8186
916-447-6326 (fx)

______________________________________________________________________
FOR IMMEDIATE RELEASE                    CONTACT: Paul Hefner
February 8, 2001                                  (916) 319-2408

ASSEMBLY DEMOCRATS PUSH TO IMPROVE ENERGY OUTLOOK
Legislative Package Would Increase Supply and Provide Immediate Energy
Savings

SACRAMENTO dAssembly Speaker Robert M. Hertzberg and a coalition of Assembly
Members announced today a package of bills aimed at increasing the supply of
electricity and cutting down on demand through energy efficiency.

     "While working to protect consumers in the short term, we have also
been looking for long-term solutions to provide reliable power for
California," said Hertzberg (D-Van Nuys). "Today, we are taking the next
step d proposing realistic ways to meet the energy needs of the world?s
sixth largest economy d and offering sound proposals to help Californians
use energy wisely."

    Joined at a news conference by Assemblymembers Christine Kehoe (D-San
Diego) and Carole Migden (D-San Francisco), leaders of the working groups
the Speaker established earlier this year, and other Members of his caucus,
Hertzberg said that the package being introduced will produce more than 750
megawatts and save 1,200 megawatts over the next couple of years.

    "It?s important that we look for ways to end this energy crisis on all
fronts d both using short-term solutions to @keep the lights on? d as well
as long-term solutions to stabilize the energy market," said Kehoe, the lead
author of the energy efficiency package.  "By providing incentives to make
California?s homes, schools and businesses more energy efficient, we can
save in just a couple of short years enough energy to supplant two or three
new and expensive power plants."

    Kehoe said that, by this summer, the energy efficiency package may save
as many as 500 megawatts, equivalent to a new power plant.

    Assemblymember Carole Migden agreed, but added, "We know that reducing
demand will not by itself solve our energy crisis.  We also have to address
the supply side of the energy equation as well."

    The Democrats presented a four bill package aimed at rapidly increasing
and stabilizing the supply of power available to the demands of residents
and businesses.  The bills would:

 ? Provide $50 million to establish an incentives program to encourage
businesses to install clean and modern on-site generation;
 ?? Provide $150 million to develop clean and efficient renewable energy
supply;
 ? Allow plants up to 100 megawatts to be cited by local government and not
through the more time-consuming Energy Commission review;
 ??Ensure power for Californians by requiring new power plants to enter into
purchasing agreements with the state.

    The Assembly Democrats? proposal also includes an energy efficiency
package of five bills, which would provide funding to, among other things:

 ??Replace energy inefficient appliances like refrigerators and air
conditioners;
 ? Give schools grants and loans to decrease consumption;
 ? Provide 50 percent grants and 50 percent loans to local governments to
retrofit government buildings;
 ? Establish a Mobile Efficiency Brigade with $100 million in grants to
nonprofits to hire a team of people to not only distribute low-energy
lightbulbs to residences, saving 125 megawatts, but also to help the other
conservation programs get started well before the summer by providing people
to do the work while learning new skills.

"We have reshaped this house," Hertzberg said, "using every resource
available to address this problem.  Throughout this effort, our focus has
been on protecting taxpayers, consumers and the future of this great state.

"Today, I am proud to stand with members of my caucus as we take the next
step," the Speaker concluded.

Assembly Democratic Caucus begins today to address the short and mid-term
implications of the ongoing energy needs of the state.  The following bills
are the first in a series of proposals the Caucus will be offering to
address the supply and conservation needs of our residential and commercial
energy consumers.

Supply

1. On-site and Distributed Generation.  Requires the CEC to design an
incentives program to promote the installment of clean and modern on-site
generation technologies as defined in SB 1298 (Bowen, 2000) including
eliminating standby and installment fees charged by electrical corporations.
$50 million shall be allocated to the CEC to subsidize the development of
on-site distributed generation through this program.
Provides: 20 MWs clean power the first year d additive in out years. Also
reduces demand on the grid in peak periods.
(Frommer, Alquist & Wiggins)

2. Renewable Sources of Power.  Provides $150 million to establish a loan
guarantee program for underwriting joint venture agreements to develop clean
and efficient renewable energy supply.
Provides: 1,000 MWs over four years.
(Jackson, Aroner & Pavley)

3. Expedited Power Plant Permitting. Increases from 50 to 100 MW generation
facilities subject to local instead of CEC review and approval. Impacts
seven applicants who have withdrawn their applications because of the CEC
review. Provides: 634 MWs.
(Cardoza, Calderon & Salinas)

4. Ensuring Power for Californians. Requires, as a condition of receiving a
permit for plant construction, that developers enter into power purchasing
agreements with the state to ensure that a significant amount of the energy
output is available to the state.
Provides: 6,000 MWs  (Hertzberg and Caucus)

TOTAL SUPPLY ADDED: 7,654 MWs over the next four years
 Energy Efficiency

1. Residential & Small Business Energy Efficiency Program (AB 29X).
Appropriates $375 million and requires the commission:
 ? To pay the costs of installation of an interval meter to a small business
that voluntarily reduces its electric consumption.
 ? To administer a grant program for the replacement of energy inefficient
appliances.
 ? To administer a grant and loan program for eligible construction or
retrofit projects.
 ? Expand the Emerging Renewables Buy-Down Program for renewable energy
systems such as photovoltaics (PVs).
Savings: About 400 MWs
(Kehoe, Cedillo, Nakano, Shelley & Wesson)

2. Schools 2001.  Appropriates $250 million for grants and loans to make
2001 schools more energy efficient, including 750 older year-round schools
by June 30, 2001.
Savings: 250 MWs
(Kehoe)

3. 50-50 Local Government Program.  Appropriates $350 million as a matching
grant to local governments to make local government buildings energy
efficient.
Savings: 400 MWs
(Steinberg & Oropeza)

4. Mobile Efficiency Brigade.  Provide $100 million (50% grants/50% loans)
to nonprofits to distribute energy efficient light bulbs and to assist in
getting all the other programs announced in this package up and running
quickly to achieve as much energy savings as possible by this summer.
Savings: 125 MWs (in addition to the MWs, the Brigade will help us save in
the other elements of the package).
(Correa & Cedillo)

5. Shopping Center Program. Provide $50 million in low-cost loans to
shopping centers to install energy-saving lighting devices.
Savings: 60 MWs
(Lowenthal, Thomson & Nakano)

TOTAL SUPPLY SAVED: 1,235 MWs
500 MWs BY SUMMER

 - ASSY Dem Supply/Cons  Memo


I will attend.

 -----Original Message-----
From: 	Nelson, Kimberly (ETS)
Sent:	Tuesday, September 25, 2001 9:31 AM
To:	Regan, James; McCarty, Danny; Patel, Sophie; Santellan, Dan; Nicolay, Christi L.; Geaccone, Tracy; Hotte, Steve; Villarreal, Lillian; Schroeder, Maggie
Cc:	Corman, Shelley
Subject:	March of Dimes' WineFest

Thank you for your hard work and your continued commitment to the March of Dimes.

Enron's 2001 WalkAmerica campaign was the #14 Walk Team in Houston, contributing $72,563 to the March of Dimes. In addition, Danny McCarty was the #2 fundraiser in the city, raising $20,350, and Sophie Patel was the #5 fundraiser, raising $10,002.

In appreciation of all your efforts for WalkAmerica and the March of Dimes, you and a guest are invited to the 2001 March of Dimes' WineFest on Thursday, October 4 from 6:00 p.m. - 9:00 p.m. at the Crystal Ballroom of the Rice Hotel. It will be a great evening of food, wine, friends, and a silent auction.

Please let me know by Friday, September 28, if you will be able to attend WineFest 2001.

Thank you, again, and hope to see you there.


You are good --  by the way, I'm on vacation Aug. 29 - Sept. 9.  I need to
decide who will handle EOL power issues and I wanted to talk to you first.

Leslie

	Tana Jones
	07/25/2000 10:04 AM

		 To: Leslie Hansen/HOU/ECT@ECT
		 cc:
		 Subject: Re: RUSH APPROVAL-Australia + Japan Weather

Gosh, I'm getting so good at this I might not need you anymore...did I not
see that one coming or what!

	Leslie Hansen
	07/25/2000 10:00 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: RUSH APPROVAL-Australia + Japan Weather

Declined for all US power products.

Leslie


Bill,

I enjoyed talking with you about our potential software needs.  It sounds
like you may have something to offer in which we are interested, and we are
looking forward to a visit from you or one of your representatives in early
January.   If you want to contact me, I can be reached at 713-345-7229 or by
reply to this E-mail.

Thank You,

Charlie Weldon


Executive Summary
? FERC Considers Price Caps in the West
? Davis/SoCal Ed MOU subject to legislative revisions (we still stand by our
early reports that the SoCal/Davis transmission deal will most likely fail
and that SoCal will follow PG&E into bankruptcy court)

FERC mitigates price spikes in the West
FERC Chairman Hebert has placed a RTO West proposal onto the agenda for this
week's meeting. The proposal would "mitigate" price surges by requiring
generating companies to sell power into California and other western states
during Stage 3 emergencies (when there is less than 1% surplus electricity in
the grid) and cap the price generators could charge during these highest
states of emergency.
1)  The FERC proposal would not set price caps for any other time than Stage
3 emergencies
2)  It would expire after a year
3)  It would set the top reference rate at "cost plus" based on the cost to
produce electricity by the most inefficient producer
FERC is also looking at initiatives that would encourage the agriculture
industry to possibly sell their power and natural gas contracts instead of
using them to produce their products. Although this proposal has not been
formally approved or voted on at this time, the Chairman's control over
FERC's agenda is absolute and nothing gets on the agenda he does not want to
consider. Thus, if it stays on the agenda through meeting time, the odds of
it passing are quite high if the meeting avoids total breakdown into
hard-headed chaos. The key has been Commissioner Breathitt.  The two recently
nominated Commissioners have not yet been approved by the Senate and so
cannot vote this week. Thus any change in Breathitt's position definitively
tips the balance of power in FERC.
Davis & SoCal. MOU not a Done Deal
According to sources, the first legislative alteration to the Davis/SoCal MOU
will involve removing the dedicated rate component necessary to repay SoCal's
creditors.  This point only highlights the Senates' indecision on how to deal
with paying off generators.  Solutions currently range from seizing assets to
seeking legal relief for corporate price gouging and sources indicate that
the QFs are still likely to file involuntary bankruptcy against SoCal upon
the Senate's first official sign of unwillingness to work with creditors.


FYI
___________________________________________________________

The below Houston Pipe Line meter has been set up in Global Facilities.

Meter: 098-8746
Facility Number: 513445
Name:  VIDOR CITY GATE CHECK
Type:  Check
System: 765 - Texoma Pipeline
Rate Zone: 40 (Vidor)
Trade Zone: 8 (East Texas)
Flow Direction: Delivery
Lateral:
Work Order #:

NOTE:  Meter 0988746 is the check meter to 098-0413.

Please call me at ext. 3-3446 if you have any questions.

Donna


Guess we are not going to Chad's  then.


Louise,

About 1 month ago, the process was initiated to disconnect the direct connections.

Experience showed that we were spending money on something which provided little benefit to the customer.

There is a chance that this process was not completed for every company (I am checking).

I intend to ensure that the direct connections are all converted to regular internet connections.

If you want the direct connections maintained, please let me know.

Dave


Mike,

The name of Anjam's replacement is Sharad Agnihotri.

Vince


A deposit will be made today at 5:00 p.m. for UNCF contributions. Please bring the money you have collected to EB4260 so that we can get it in the bank. Another deposit will not be make until next week.

Thanks,
Alice
x36951


You're the best!

Thanks!

 -----Original Message-----
From: 	Anderson, Diane
Sent:	Wednesday, October 03, 2001 5:20 PM
To:	Heard, Marie
Subject:	RE: Torch

I've got them all ready - if I'm gone by the time the clerk gets here (ha!), they'll be just sitting on my chair.  EB 2106d.

Diane

 -----Original Message-----
From: 	Heard, Marie
Sent:	Wednesday, October 03, 2001 5:06 PM
To:	Anderson, Diane
Subject:	Torch

Diane:

I hate to bother you since you're busy, but will you sign one more original of each of the two Torch termination agreements for me?  Torch wants a copy with original signatures for their file, so in order for us to have an original with their signature, we need to have two originals signed.  When they're ready, if you'll call me, I'll send a clerk down to get them.

Thanks!

Marie


I just wanted to give you an up date on the review with Heather. My primary focus with her was taking on to much responsibility and not focusing enough on the end results of her project such as Renewables. She just needs to spend more time ensuring that the numbers being reported are correct and accurate the first time, not after it goes into production. There had also been a complaint from Fran that Heather is not involved enough with the daily routines and may be taking the group for granted when it comes to the day to day work. Heather agreed with that but the problem that she faces is that Nick, Fran and Sam use that inter messaging system to communicate instead of verbally and as a result Heather is left out. I was thinking of telling everyone that there should be no use of the messaging system for business related issues within our group and also implementing the assigning of responsibilities to people for a couple of weeks then rotating it around. That way nobody can say somebody else is not helping enough. All in all it went well otherwise. She is was very receptive to my concerns and readily admitted to areas of improvement.

Couple of other things that I got from the meetings that might help the group. The first is an informational meeting with settlements and maybe accounting to understand what they do with the reports that we send each month and secondly, another meeting (hopefully better) regarding VaR and how the reports that we produce are used.

John
John Postlethwaite
EPMI-West Power Risk Management
503-464-7756


Thank you for your request. You will be notified by email when your request has been processed. You can check the progress of your request by clicking http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000042084&Page=MyReq.


Liz,

Please look into this.

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 11/02/2000
02:59 PM ---------------------------

Rebecca Griffin@ENRON
11/01/2000 02:44 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: TXU Deal #108672

Could you add meter PGE-LS 491-754 to TXU Fuel deal #108672 for May 12, 2000
in Sitara?  TXU received 2,000 mmbtu on that day as part of the Gas Daily
contract, however, the volume is pathed under the Wagner Brown contract due
to the meter.

Please let me know if you have any questions.

Thanks,
Rebecca


Daren--FYI

I changed the volume of the Tenaska IV deal 384258 to reflect the correct
fuel amount, it was less fuel because some of the supply was from the katy
area.....new sale total of 36,286 (after 8,406 removed for Brazos)


Sara,
I spoke with Gary regarding the clearing of this CSFB activity.  I have also
spoken with Kathleen Goss, CSFB, to clarify the use of these different
agreements.
The Executing Broker Agreement, includes the "give-up" to another clearing
broker.  That is, we may choose to execute through CSFB but Clear through our
existing agreements with Prudential and Carr.
The Clearing Agreement, is our abiltiy is for  CSFB to clear the
transaction.  Gary does want to put this in place.
The PrimeTrade License Agreement is specifically for the electronic Trading.

CSFB is forwarding the other two agreements, Executing and Clearing,  to me
and I will forward them to legal.
Thanks Sheila

Sara, We need to send back to them with the agreements the fee schedule.  I
will forward a copy to you.
Thanks, Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 07/27/2000 12:02
PM ---------------------------

	From:  Sheila Glover                           07/21/2000 01:26 PM

To: Sara Shackleton/HOU/ECT@ECT, Ted Murphy/HOU/ECT@ECT
cc: Samantha T Davidson/HOU/ECT@ECT, Darren Delage/HOU/ECT@ECT, Samantha
Boyd/NA/Enron@Enron, Gary Hickerson/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT
Subject: PrimeTrade Agreement - Enron

Sara, Ted,
CSFB has a new electronic access trading system for futures.
Financial Trading, Enron North America, wants to establish a relationship to
support this trading.

To Trade Electronically, ENA will need a Standard Execution Agreement
(Executing Broker) and a "Prime Trade" Agreement which supports the
electronic trading.
Financial Trading is still assessing whether we need a Give-up agreement with
CSFB or will utilitze our current relationships with Carr and Prudential to
hold the positions.  I have confirmed with Bob Klein that noone at Enron
currently trades futures with CSFB.
Trading will include Futures including, S&P, Nasdaq, Fixed Income (bonds,
eurodollars) and Forex.

Sheila

---------------------- Forwarded by Sheila Glover/HOU/ECT on 07/21/2000 01:04
PM ---------------------------
From: Sara Shackleton on 07/21/2000 09:21 AM
To: Darren Delage/HOU/ECT@ECT
cc: Sheila Glover/HOU/ECT@ECT
Subject: PrimeTrade Agreement - Enron

Darren:  Is Prime Trade for ENA or ECT Investments?

Sheila:  Would you please send an email to Ted?
----- Forwarded by Sara Shackleton/HOU/ECT on 07/21/2000 09:19 AM -----

	Darren Delage
	07/12/2000 10:44 AM

		 To: Sara Shackleton/HOU/ECT@ECT
		 cc: Gary Hickerson/HOU/ECT@ECT
		 Subject: PrimeTrade Agreement - Enron

Sara,
Attached please find prime trade agreement per yesterdays conversation.
Thank you for your time.

---------------------- Forwarded by Darren Delage/HOU/ECT on 07/12/2000 10:27
AM ---------------------------

"Goss, Kathleen" <kathleen.goss@csfb.com> on 07/11/2000 02:48:37 PM
To: "'darren.delage@enron.com'" <darren.delage@enron.com>
cc:
Subject: PrimeTrade Agreement - Enron

Dear Darren:

Attached please find the PrimeTrade Access Agreement which is being sent to
you at the request of Charlie Zahringer. After you have reviewed the
document, sign two (2) copies and return to me. Once the CSFB Managing
Director has signed them we will return a copy for your records.

Should you have any questions do not hesitate to call me at (212) 325-2228
or Charlie at (212)325-3337 or Charles.Zahringer@CSFB.com

 <<PrimeTradeAccessAgreement.doc>>

Kate

Kathleen M. Dybala
> CREDIT | FIRST
> SUISSE  | BOSTON
>
Tel:  212 325 2228

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.

 - PrimeTradeAccessAgreement.doc


This is full translations of the Nikkei article which is based on the Brattle
Paper we released yesterday and on Steve's one-on-one interview. The article
occupied the half of P.3 of the newspaper whose circulation is 3.1 million.
Mika

 - Nihon Keizai 10516.doc


---------------------- Forwarded by Susan M Scott/HOU/ECT on 09/06/2000 12:58
PM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Emily Hillegeist" <ehillegeist@hotmail.com>
09/05/2000 11:00 AM

To: sonderfan@hotmail.com, sscott5@enron.com, kaseywalker@mindspring.com,
arden_ellis@hotmail.com, brittanydoty@hotmail.com, alicecli@hotmail.com,
tpetersen@fulbright.com, lmitchell@akingump.com
cc:
Subject: sorry!

ok, i'm still forgetting people, so assure 'the others' i'm not snubbing
them intentionally, i'm just brain dead.  haven't gotten a chance to email
often b/c little access to the library, but will as soon as my computer
arrives, and you'll get more 'intimate' (pg-13!) messages when time permits,
until then.....hope all went well over the holiday weekend- no holiday here!
  school has started, and so far so good- very interntional class- but
strangely enough, one girl from san antonio who also wants to study art law-
and she wanted to escape " a bunch of incestual girls and guys who will
never leave home and never make new friends- just want to shop, get married,
and have babies" (not you ardie, don't be offended!)  i liked her instantly.
  still no permanent home.....will keep you posted.....but- bit of adventure
sunday- this stuff NEVER happens to me, so it made my month.
anyways....wandering by myself in chelsea on sunday and stopped to look in a
store window....wasn't paying attention when i turned around and brushed
against someone's shoulder- well- not just someone- BEN AFFLECK!  and with
gweneth paltrow (she looked like shit w/ long orange stringy hair and a kind
of whiney, hungry look on her face- he of course looked precious, but was a
little shorter than i'd expected- about 6'2)  i can't speak. and the road is
totally empty except us, so i just say excuse me, he says no problem, and
then just wander off, then turn to stare after them.  thought about chasing
them down, but realized how lame i already looked, plus, was in gym shorts
and pony tail and ratty sweatshirt, and knew ben COULDN'T realize i was "the
one" in that state....so, i ran to the nearest phone and called my mom.
well, that's about it- again. will write/call when get a spare sec.  miss
ya'll- write soon!
e
_________________________________________________________________________
Get Your Private, Free E-mail from MSN Hotmail at http://www.hotmail.com.

Share information about yourself, create your own public profile at
http://profiles.msn.com.


---------------------- Forwarded by Mary Hain/HOU/ECT on 12/18/2000 08:41 AM
---------------------------

Mary Hain
12/17/2000 05:20 PM
To: Don Black/HOU/EES@EES, Dennis Benevides/HOU/EES@EES, Neil
Bresnan/HOU/EES@EES, Jubran Whalan/HOU/EES@EES, James E Keller/HOU/EES@EES,
Vicki Sharp/HOU/EES@EES, Mike D Smith/HOU/EES@EES, Steven J
Kean/NA/Enron@Enron, Harry Kingerski/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Karen Denne/Corp/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Jeff Dasovich/NA/Enron@Enron, Sarah
Novosel/Corp/Enron@ENRON, Ginger Dernehl/NA/Enron@Enron, Susan J
Mara/NA/Enron@Enron, Mona L Petrochko/NA/Enron@Enron, Paul
Kaufman/PDX/ECT@ECT, William S Bradford/HOU/ECT@ECT, Mark E
Haedicke/HOU/ECT@ECT, Richard B Sanders/HOU/ECT@ECT, Kathryn
Corbally/Corp/Enron@ENRON, David W Delainey/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES,
Mark Frevert/NA/Enron@Enron, Mark Koenig/Corp/Enron@ENRON, Paula
Rieker/Corp/Enron@ENRON, gfergus@brobeck.com, sbishop@gibbs-bruns.com, Tom
Alonso/PDX/ECT@ECT, Robert Badeer/HOU/ECT@ECT, Tim Belden/HOU/ECT@ECT, Jim
Buerkle/PDX/ECT@ECT, Christopher F Calger/PDX/ECT@ECT, Dave Parquet, Paul
Choi/SF/ECT@ECT, Ed Clark/PDX/ECT@ECT, Stanley Cocke/PDX/ECT@ECT, Sean
Crandall/PDX/ECT@ECT, Terry W Donovan/HOU/ECT@ECT, Michael
Etringer/HOU/ECT@ECT, Mark Fischer/PDX/ECT@ECT, John M Forney/HOU/ECT@ECT,
Chris H Foster/HOU/ECT@ECT, Dave Fuller/PDX/ECT@ECT, Jim Gilbert/PDX/ECT@ECT,
Don Hammond/PDX/ECT@ECT, Tim Heizenrader/PDX/ECT@ECT, Karen E
Jones/HOU/ECT@ECT, Holli Krebs/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Elliot
Mainzer/PDX/ECT@ECT, Chris Mallory/PDX/ECT@ECT, John Malowney/HOU/ECT@ECT,
Wayne Mays/PDX/ECT@ECT, Marcie Milner, Matt Motley/PDX/ECT@ECT, Tracy
Ngo/PDX/ECT@ECT, Murray P O'Neil/HOU/ECT@ECT, Jeffrey Oh/PDX/ECT@ECT, Todd
Perry/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Lester Rawson/PDX/ECT@ECT,
Jeff Richter/HOU/ECT@ECT, Stewart Rosman/HOU/ECT@ECT, Diana
Scholtes/HOU/ECT@ECT, Jeff Shields/PDX/ECT@ECT, Jeff G Slaughter/PDX/ECT@ECT,
Chris Stokley/HOU/ECT@ECT, Mike Swerzbin/HOU/ECT@ECT, Jake Thomas, Stephen
Thome/HOU/ECT@ECT, Frank W Vickers/HOU/ECT@ECT, Kim Ward/HOU/ECT@ECT, Laura
Wente/HOU/ECT@ECT, Greg Wolfe@ECT, Christian Yoder/HOU/ECT@ECT
cc:
Subject: Summary of FERC's 12- 15 order on California Markets


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Is this a real product?  Do we need Larry May to price these spread options?

Mike


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/24/2000
05:20 PM ---------------------------

Scott Adams <dilbertnewsletter@unitedmedia.com> on 02/18/2000 04:33:02 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Dilbert Newsletter 29.0

Dilbert Newsletter 29.0
------------------------

To:     Dogbert's New Ruling Class (DNRC)
From:   Scott Adams (scottadams@aol.com)
Date:   February 2000

   Highlights:
  ------------------------------------------------
  - Stop the Vote Campaign
  - Dilbert TV Show Update
  - True Tales of Induhviduals
  - Dogbert Answers My Mail
  - Dilberitos
  ------------------------------------------------

Stop the Vote Campaign
----------------------

It's a presidential election year in the United States, and that
means it's time for me to "get involved."

This year I'm organizing a "Stop The Vote" campaign aimed at
preventing Induhviduals from casting ballots.  I'll borrow a
strategy used by all politicians: hallucinations of what the
Founding Fathers intended.

As you know, people were very wise in the 1700s. Unfortunately,
something happened that made us all idiots.  I blame television.
That's why we prefer to make our important decisions on personal
freedom based on the wisdom of dead, slave-owning dandies instead
of using our own defective brains.

We have no recordings of the Constitutional debates, but I'm sure
it went something like this:

---- Re-creation ----

Jefferson:  We haven't put anything in the Bill of Rights about
genetic manipulation, Internet encryption, in vitro fertilization,
or mandatory drug testing.

Adams: Just say "et cetera."  No one is going to read it anyway.

Hancock: Let's include something to encourage public nudity.  Cable
TV won't be invented for years and I can't wait that long.

Jefferson:  Okay.  I'll call that the right to bare arms.

Franklin:  That might be misinterpreted.

Jefferson:  Who's the world-class writer here?  I keep your stupid
Almanac next to my chamber pot, and I don't mean for the reading.

Franklin:  I am soooo sorry for making a suggestion.  By the way,
your house slave "Jeff" has your eyes.

All:  HA HA HA HA HA HA!!!

Adams:  You're all a bunch of asses.  I think you're giving me an
embolism.

Jefferson:  You have the right to ass-embolisms.  Hey, maybe I
should include that.  How do you spell it?

Dilbert TV Show Update
----------------------

According to my e-mail, many Dilbert TV fans tape the show so they
have permanent copies in their tape libraries.  While Dilbert is
being taped, they watch other shows that are not tape-worthy.
Unfortunately, only live viewing of TV shows counts for ratings.
This isn't a problem for some TV shows, like "Wheel of Fortune,"
because their viewers use VCRs to crack nuts.  But the mathematical
sets of "people who can program VCRs" and "people most likely to
watch 'Dilbert'" are almost the same.  This has been a problem.

The episode airing February 22nd (9:30 PM EST) in the USA will
probably determine whether the Dilbert show gets renewed.  That's
the episode featuring Jerry Seinfeld as the voice of Comp-U-Comp,
an evil computer who has taken over a company and fired everyone
except the guy who guards the electrical plug.  Eugene Levy plays
the plug guard.

Jerry's lines are mostly written by Larry Charles, one of the
original writers for Seinfeld, now Executive Producer for Dilbert.
So if you liked Seinfeld, this is the closest thing you're going to
get.

And if you know any Induhviduals who are in Nielsen families this
month, please tell them that there's some sort of "millionaire
prize" for watching "Dilbert" and answering questions posed by the
voices in their own heads.

Dilbert Episode Airs On the Internet
------------------------------------

As part of our overall pimping for the Seinfeld voice episode,
we're putting an entire show (The Merger episode) on the Internet
in streaming video, starting February 17th and running through
February 29th.  You can find links to it at
www.dilbertondemand.com.  You need the Windows Media Player, which
you can download from the site.

As far as we know, this is the first television cartoon show
streamed over the Internet in its entirety.  We made sure we didn't
research that fact too thoroughly so we could honestly say, "as far
as we know."

You'll need a reasonably fast connection, but you can view the
entire show, in bite-sized chunks, at your leisure.  Don't settle
for mere bragging about your DSL or cable modem connection;
DEMONSTRATE your digital superiority!  Invite a neighbor who has a
pitiful 28.8 modem over to drool on you.  If you wear a raincoat,
it's a strangely satisfying experience and you can hose it off
later.

If you know anyone recently involved in a merger, the Dilbert
episode on the Internet (The Merger) is the one they'll want to
see.  Find out what's in store for companies who seek "synergy."

True Tales of Induhviduals
--------------------------

I begin the True Tales section with a personal sighting.  I
recently came upon a local road that was closed for improvements.
Signs warned "Road Closed" and "Bridge Out."  As I turned around to
head for the detour, another motorist waved me down.  We rolled
down our windows and he shouted, "Do you think we should just move
the barricades and go for it?"

I don't know how fast one must drive in order to compensate for a
"Bridge Out" situation, but I decided not to try it.

True Tale 2
-----------

Some of our corporate policies have been rewritten.  Here's an
example from our expense reporting procedures.

"Receipts are required for all expenditures of $25 or more and, in
addition to this, receipts for a lesser amount are also required."

Editor's note: It sounds as if some of the people in the HR are
idiots and, in addition to this, the rest of them are too.

True Tale 3
-----------

We received a letter from the Environmental Protection Agency
stating that unless we provided answers to their outstanding
questions within two weeks they would recommend that our power
plant construction project not proceed.

Apparently they failed to notice that, a) we already answered the
questions, b) their approval had already been issued and, c) the
$600 million power plant had been built nearly two years ago.

Editor's note: If those are the sort of questions the EPA calls
"outstanding" I'd hate to hear their dumb ones.

True Tale 4
-----------

We had a Christmas raffle in the "Business Intelligence"
department.   The boss drew a number and called it out.   The
department statistician stood up to tumultuous applause and went up
to collect his prize.  Meanwhile, another employee -- who turned
out to be the real winner -- stood up to collect that same prize.
Upon investigation, the statistician for Business Intelligence had
confused ticket 593 for 539.

Editor's note: On the surface it looks as if the statistician is a
boob.  But he's the only one in the room who realized that 39% of
the time the real winner isn't present to win.  I suspect he's a
DNRC member just playing the odds.

True Tale 5
-----------

When a project is finished in my department we place a red dot
sticker on the folder to signify its completion.  One day we ran
out of red dots but still had a large supply of green and blue
dots.  Dots weren't used for any other purpose so I suggested using
the ones we have, despite their non-red color.  Color was
insignificant.  There were only five of us in the group, so
communicating the change would be easy.

My money-saving suggestion was met with resistance from cow-orkers.
 They pointed out that we've "always used RED dots" and maybe I
should check with the department manager.  I mentioned my idea to
the manager and he said I should "bring it up at the next staff
meeting."

Editor's note: Ironically, it's not a dot.com company.

True Tale 6
-----------

I paid for lunch with a credit card.  The manager put it through
the electronic card machine and got a "no dial tone" error.  She
tried again with the same result.  Then she asked me if I had
another card.

Editor's note:  That's exactly why you should pay for your lunch
using a phone company calling card.  They have dial tone.

True Tale 7
-----------

We tested our Y2K power contingency plans a few weeks before New
Year's.  The Induhviduals in IT didn't expect any downtime, so the
test was performed during the normal work day.  The idea was that
when power was cut, the six generators would kick on and we
wouldn't notice a thing.

Three generators failed to start. Two threw their breakers due to
the high load on them.  The last was overwhelmed when the previous
two cut out and threw a tremendous surge through the lines, blowing
up hundreds of light bulbs, frying fax machines, radios and pencil
sharpeners along the way.   The surge jumped circuits in our
industrial level surge protector and traveled through our "surge
protected" lines to every desktop in the company plus the server
room.  After taking out over a hundred monitors and almost forty
PCs, the surge proceeded to destroy our server room air
conditioner, four huge UPS systems, thirteen servers and both
AS/400s.  Several small fires started throughout the building,
including our now half-melted Christmas tree and our
molten-menorah.

The surge then jumped the lines into the main power grid, blowing
up two transformers, one of which fell on the IT manager's car
(poetic justice) and cutting power on the entire block.  The
remaining generator then proceeded to burst into flames, eventually
blowing up all six generators and burning up seven cars.

This all occurred within about thirty seconds and sent 38 people to
the hospital, cost the company over $650,000 in equipment (not to
mention the impending lawsuits), destroyed eight cars and caused
weeks of downtime.  Three people quit the company.  One woman is
still in the hospital with electrical burns.  The resulting
publicity got us on television in five states.

Editor's note: That story sounds too amazing to be true but I'm
printing it anyway under the theory that there's no such thing as
bad publicity.

True Tale 8
-----------

Our university library just got new computers. The library
thoughtfully provided headphones so students can listen to sound
files without disturbing anyone nearby.   The problem is the
headphone cords have been clamped to the desk in such a way that in
order to use them, you must have your head no more than six inches
from your keyboard. It is great fun to see the stu-duh-nts trying
to use them.

True Tale 9
-----------

I went to a Georgia DMV office to obtain a driver's license.
Customers are required to produce two pieces of ID.  I presented a
utility bill and a copy of my latest tax return, both acceptable
types of ID according to their published list.

The agent behind the counter said she could not accept my tax
return as ID because it was typed.  She said, "How do we know this
is legitimate?  Anyone can get a computer or typewriter to produce
this return."  I argued, unsuccessfully, that it was also easy to
obtain pens and pencils to create hand-written returns.  I was told
to come back with a hand-written return or another acceptable form
of ID.

True Tale 10
------------

I went to a fast-food restaurant one morning for breakfast.  The
moment I opened the door, I was almost swept off my feet by an
overpowering odor of gas.  I struggled up to the counter out of a
vague sense of duty, and said  "You've got an enormous gas leak
back there somewhere!" gesturing towards the kitchen.

The girl behind the counter shrugged and said, "Yeah, I know, but
I've been here since seven o'clock and I've gotten used to it."

True Tale 11
------------

I went to ask our new principal if we could have the Monday before
finals off as a study day.  We had always gotten a study day in the
past but it wasn't on the schedule this time.  He thought for a
second and then responded, "No, you have school that day."

True Tale 12
------------

About a year ago I went to buy a video for a friend's birthday.
The video was rated for adult viewing only.   I was 15 years old,
but they sold it to me anyway.

When I got home I found out that my friend wanted the sequel, not
the original, so I took it back to the store.  The video clerk said
he couldn't return the video because I didn't look 18.

I was confused, so I attempted to clarify.  "So, because I don't
look 18 you're going to MAKE me take this ADULT-rated video, rather
then let me change it for the sequel that is NOT ADULT-rated?"

"Yeah, it's company policy.  If it changes we'll be in touch."

Eventually I convinced him he was breaking the law by selling me
the adult video instead of letting me exchange it for the non-adult
one.   As I left, the guy behind the counter yelled at me, "Next
time, don't watch the video first!"

It was still in its shrink-wrap.

Dogbert Answers My Mail
-----------------------

In this section, Dogbert answers my mail.  These are based on real
e-mail to me.  Some names have been changed to make them easier to
mock.

Dear Mr. Adams,

You were duped in your last newsletter.   Someone submitted a
supposedly True Tale of Induhviduals about a little boy and a
pager.  That is actually an urban legend more than twenty years
old.  Shame on you for falling for that.

        Jim,

Dear Chimp,

Just because it's an urban legend doesn't mean it didn't happen.
In fact, just this morning Mr. Adams woke up in a bathtub full of
ice and found a note saying one of his kidneys was missing.  It
wasn't stolen; he got talked into donating it to a celebrity
auction for the National Ear Hair Foundation.  I'm working with him
on learning to say no.

        Sincerely,

        Dogbert

----

(Note:  In this next letter, some expletives have been replaced by
asterisks)

Dear Mr. Adams,

Your stupid ******* comic strip is a piece of ****.  Give up
cartooning and **** my ****, you *******  ****-******.

        (Anonymous)

Dear Esophagus,

There is no call for such language.  If you do it again, it will be
your "*."

       Sincerely,

       Dogbert

---

Dear Mr. Adams,

No offense, but no one will cry when you die because Dilbert is
just some goofy guy. Some of the biussness (sic) stuff is HARD to
understand and it isn't something that you can feel like you know.
Dogbert is so egotistical whereas Snoopy is so easy to know, and
Charlie Brown is not some GOOFY guy, if you know what I mean.

      Marshall

Dear Marsupial,

No offense taken. Now if you'll excuse me, I have to get back to
"buissness."

      Sincerely,

      Dogbert

---

Dear Mr. Adams,

What is that round black thing on Dogbert's face?  My friend says
it's his mouth but I say it's his nose.

      Floyd

Dear Flawed,

I get this question often, thanks to Mr. Adams' prodigious artistic
range.  Allow me to clarify some of the shapes in the Dilbert
strip.  In general, the black circles are dog noses.  The black
ovals are mouths.  Rectangles are desks or sometimes computers.
When the ovals are turned the other way and are not filled with
black they are glasses.  Everything else is random.

I have already requested a transfer to "For Better or For Worse."
The dog mortality rate there is high, but I'm willing to take the
chance.

      Sincerely,

      Dogbert

Dilberitos
----------

If you're wondering where to find those delicious and
coincidentally-vegetarian Dilberitos that have 100% of your daily
values of vitamins and minerals, they're in grocery stores now, in
the frozen food section.  Check www.dilberito.com for store
details.

I can't guarantee that eating Dilberitos will help you live long
enough to dance on the graves of all your enemies (an excellent
aerobic exercise), but it's worth a try.

Dilbert Fodder
---------------

What's bugging you about your job?  Let me know and you might see
it in a Dilbert comic, TV show or newsletter.  The best comic
fodder involves workplace peeves, devious strategies, frustrations
of dealing with others, conflicting objectives, unintended
management consequences, and of course my favorite - idiot bosses.

And I love True Tales of Induhviduals.

And if you're seeing any new management trends that need to be
mocked, I can help.  Send your suggestions to me at
scottadams@aol.com.  Short ones are better.

Cubicle Art
-----------

The Dilbert Zone is now accepting submissions of cubicle art: art
made from things you have around the office, or decorated cubes, or
"theme" cubes. Toward the end of March, the best ones will be
posted in the DNRC area at www.dilbert.com. Submissions will only
be accepted by e-mail, and must be in gif or jpg format, 50K or
less. E-mail cubicle art submissions to cubeart@unitedmedia.com.

All submissions will be governed by the terms of use posted at
www.dilbert.com.

Exclusive DNRC-only Offer - while supplies last!
------------------------------------------------

Now through February 27th, take advantage of these special offers:

Spend $10.00 in The Dilbert Store and receive a free Dogbert Tech
Support Mug and a free 25-minute phone card.

Spend $35.00 in The Dilbert Store and receive a free Boss Pen
Holder with Dilbert Pen, a free Tech Support Mug and a free
25-minute phone card.

These DNRC offers will not be announced in the Dilbert Store. To
get them, you need to follow this DNRC-only link:
http://www.umstore.com/dilbert/dnrcspecial.htx

This year's Dilbert calendars are back in stock. Buy yours now
before they're gone for good!

In addition to the DNRC-only offers, enjoy great discounts on the
following products:

Dogbert "You're Next on My List of Things to Ignore" Cap - $7.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-11005

Ignore Y2K Bug T-shirt - $9.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-10019

Character Picture Frame - $8.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-12014

Young Dilbert CD-ROM - $14.99
http://www.umstore.com/dilbert/inventory.htx?item=2601-14001

(Offers are limited to one DNRC bonus per order, but regular
Dilbert Store freebies will be added if the order amount qualifies
for them.)

How to Subscribe to the Dilbert Newsletter
------------------------------------------

You can sign up for the free Dilbert Newsletter
automatically. Send a blank e-mail to
dilbert-text-on@list.unitedmedia.com.

Unsubscribing
-------------

To unsubscribe automatically, send a blank e-mail to
dilbert-off@list.unitedmedia.com.

Problems Signing up for the Newsletter
---------------------------------------

If the automatic method doesn't work for you, simply
send a message to newsletter@unitedmedia.com specifying your
e-mail(or snail mail) address and you will be added manually.  This
method is much slower than the automatic method so please be
patient.

Scott Adams
scottadams@aol.com

Please do not reply to dilbertnewsletter@unitedmedia.com


Good morning,

Attached is a revised version of the SWAP Group Calendar for December and
January.  Please review and advise if you have any revisions.

Thank you.
tm


ISDA PRESS REPORT - MARCH 9, 2001

* BoE Clementi Wants More Transparency In Derivatives Mkts - Dow Jones
International News
* Swaps may move warns BIS - Financial Products
* Greenspan Encourages Banks Not to Exercise Too Much Caution - BNA
* ISDA seeks derivatives product documentation standard - Risk News
* OTC strength hampers new exchange issues - Risk News

BoE Clementi Wants More Transparency In Derivatives Mkts
Dow Jones International News
By Gonzalo Vina

LONDON -(Dow Jones)- Bank of England Deputy Governor David Clementi said
Friday that booming derivatives markets need to be more transparent to avoid
risks to the stability of financial markets.

According to prepared remarks for a speech to be delivered at a central
banking conference at the Bank of Italy in Rome, Clementi said the
documentation recording transactions in derivatives markets also needs to be
improved to avert wider shocks in financial markets.

"In the banking system, capital and liquidity management are crucial to the
management of these risks and have to be adapted to new circumstances,"
Clementi said.

"But the attention of central banks and regulators can't end there. Recent
developments in the credit transfer markets and the concerns identified
regarding risk management and documentation for credit derivatives
illustrate this," he added.

Clementi said one of the benefits of the rapid expansion of credit
derivative markets, worth around $600 billion a year, is that banks need no
longer remain exposed to their large customers.

But these same customers can now take on further exposure to other forms of
credit through these new instruments without increasing their borrowing.
This, he argues, makes it more difficult for creditors, shareholders and
regulators to assess risk.

Clementi warned that the documentation relating to many of these
transactions is often misunderstood or is taken to have different meanings
by different parties. He is also worried about how courts in different
countries would treat these contracts.

Swaps may move warns BIS
Financial Products - March 8, 2001
By Andrea Reierson

Consolidation in the global banking sector could make it harder to keep
swaps the preserve of the OTC marketplace and may push them onto a
centralised exchange, the Bank for International Settlements (BIS) said in
its quarterly review.

"Credit-conscious customers are losing their ability to diversify
counterparty credit risk, particularly in their derivatives transactions,"
the BIS said in its report for the fourth quarter of last year.
This increasing concentration of swap books may spark strong pressure for
swaps listed on an organised exchange where counterparty risk is taken by
the exchange's clearing house, BIS said.

Later this month, Liffe is to roll out futures contracts based on euro swaps
which will allow traders to hedge two-, five- and ten-year swap contracts in
the same way bond traders use futures to hedge positions.

BIS also noted the market shift in fixed income benchmarks from government
bonds to shorter-term instruments, particularly in the US. This comes amid
the trend of declining government debt issuance and debt buybacks while
financing grows among parastatal and private sector financing.

This would likely see derivatives exchanges introducing contracts based on
underlying assets such as corporate bonds and asset-backed securities.

In a study accompanying the quarterly review, the BIS found that private
instruments eclipsed government paper as a benchmark in the dollar money
market over the last two decades. And the bond market's shift away from
government securities may have continued even without the declining stock of
US government debt issuance.

Trading in interest rate swaps has risen relative to futures and options
trading in Treasury notes and bonds with transactions in coupon-bearing US
Treasuries peaking in 1998 while those in private instruments continue to
rise, the BIS said.

Global exchange-traded derivatives activity rose 6% in the fourth quarter of
last year to $91.5 trillion, buoyed by rising volumes of equity derivatives
trade while an increase in money-market transactions offset a decline in
government bond related trade, BIS said in its quarterly review.

For 2000 as a whole, the value of exchange-traded products rose 10% from the
previous year to $383 tr.  The value of Interest rate product transactions
also grew 10% to $339 tr.

Weakening stock markets and increased volatility boosted equity-related
trade, prompting increased hedging by investors, BIS said.

Expectations of easier monetary policy in the US led to buoyant activity in
short term interest rate products with the dollar value of US money market
contracts up 20%.

The continued expansion of the interest rate swaps market also underpinned
demand for money market products, typically the most common hedging vehicle
for swaps and swaptions.

By the end of June last year, the total notional amount outstanding of all
OTC derivatives stood at $94tr up 15% from the same period in 1999.

The notional outstanding amount of OTC single-currency interest rate
derivatives was $64tr, while OTC equity-linked derivatives posted a gain of
13% to $1.7 tr.

Greenspan Encourages Banks Not to Exercise Too Much Caution
BNA - March 9, 2001

Even as he acknowledged that lax credit standards can jeopardize banks'
solvency and have contributed to deteriorating bank earnings, Federal
Reserve Chairman Alan Greenspan March 7 cautioned bankers not to be overly
careful about making loans.

''Lenders and their supervisors should be mindful that in their zeal to make
up for past excesses they do not overcompensate and inhibit or cut off the
flow of credit to borrowers with credible prospects,'' Greenspan told a
convention of the Independent Community Bankers of America in Las Vegas.

Greenspan said community bank lending has had little to do with recent
contractions in loan quality. "Today's problems generally relate to
syndicated credits, especially those to leveraged borrowers," he said. "As
problems materialized, earnings fell significantly for some of the larger
banks, which in turn caused aggregate commercial bank industry earnings to
fall slightly during 2000, thus bringing to an end the industry's string of
ten consecutive years of higher earnings.

"Nevertheless, though the effects of these excesses are likely to continue
for much of this year in the form of moderately deteriorating asset quality
and earnings at some of the larger banks, these problems, one hopes, will
prove modest both by historical standards and relative to the resources of
these institutions."

Greenspan said bank regulators are paying close attention to smaller
commercial banks' increased real estate lending. "Though underwriting
practices appear to be much healthier today than they were in the 1980s and
standards have tightened somewhat recently, supervisors are paying
particular attention to community banks with concentrations that make them
materially vulnerable to a downturn in this market," he said.

Nevertheless, Greenspan was also somewhat critical of banks' lending
judgment. ''It is interesting to note that the length of the current
expansion, coupled with the absence of problem commercial loans until
recently, has led to some depreciation in both bankers' and supervisors'
skill in handling weakened or troubled credits,'' he said, referring to the
problem lending of the late 1980s and early 1990s.

To community bankers concerned that it has become increasingly difficult to
attract the deposits necessary to maintain a healthy lending portfolio,
Greenspan offered the other side of the coin: "It is also important to
recognize that the reduction in portfolio liquidity is more a product of
good business--high loan demand--than of the relatively slow growth in core
deposits."

Greenspan's comments further confirm earlier indications that he does not
support proposals to raise deposit insurance coverage provided by the
Federal Deposit Insurance Corporation above the current $100,000 per account
provided now. Recently, FDIC adopted the position that deposit insurance
coverage levels should be raised. Several bills pending in Congress would
raise coverage levels to $200,000 per account.

Banks O.K. With Basel

Lastly, Greenspan said most banks have submitted comments to the Fed in
support of the new Basel Accord, which recommends new capital standards for
banks. Responses to a request for comment related to the new Basel Accord
and an alternative proposal by the Fed that could simplify capital standards
for U.S. banks show that most banks prefer the Basel Accord, he said.

"The responses to date indicate that community banks in general do not
believe that the current accord is burdensome, mainly because the costs of
adapting systems and reporting for such an approach have already been
incurred," Greenspan said. "Indeed, some commentators indicated that a
change to an even simpler system would in itself be more burdensome than
sticking with the current regime."

The Fed, the Office of the Comptroller of the Currency, the Office of Thrift
Supervision, and FDIC issued an advance notice of proposed rulemaking on the
matter in October. Comment letters have indicated cautious support for
simpler methods of calculating capital adequacy, but not if "simplicity"
means meeting tougher capital criteria.

Many banks have also reported to the Fed that they are not in favor of a
stand-alone leverage ratio with much less complexity and reporting if it
means that bank supervisors would set the a minimum ratio higher than is
required by the current leverage standard, Greenspan said. "Many of the
responses indicated that was not a favorable trade-off, even though most
community banks have exceptionally strong leverage ratios," he said. "I
should emphasize that we are still analyzing your many excellent comments to
determine what kind of response we should give."

ISDA seeks derivatives product documentation standard
Risk News - March 8, 2001
By John Ferry

Members attending the International Swaps and Derivatives Association (ISDA)
conference in Houston this week reached general agreement that there is a
need to standardise derivatives 'master agreements' - legally binding
counterparty contracts.
"There was much discussion about reconciling the variety of product
documents for risk management purposes," said Ruth Ainslie, senior policy
director at ISDA, the global trade association that represents
over-the-counter (OTC) derivatives market participants.

The possibility of creating a single 'master master' agreement that covers
both physical and financial products was actively discussed, with advocates
citing such contracts would improve efficiency by simplifying the
negotiation process for market operators.

Doubts were expressed by some participants, however, regarding the
feasibility of developing a 'master master' contract, especially concerning
administration, legal and negotiation difficulties with cross-affiliate
master agreements.

OTC strength hampers new exchange issues
Risk News - March 6, 2001
By Christopher Jeffery

The continuing dominance of the over-the-counter (OTC) derivatives
marketplace has meant the plethora of new exchange-traded products
introduced in the past few years have had only limited success.

While a number of contracts like 10-year Treasury notes have seen
significant trading volumes, evidence collated by the Bank for International
Settlements (BIS) suggests that growth has been at the expense of other
exchange-traded contracts, and not due to an erosion of OTC activity.

"Few of the contracts introduced by established marketplaces in recent years
have met with an enthusiastic response, and the gains enjoyed by some
contracts have largely reflected a reallocation of business away from
traditional benchmarks," said BIS economist Serge Jeanneau in the
international body's Quarterly Review.

Jeanneau added that this trend was most acute in the US, where net
repayments of government debt combined with a shift of issuance to
intermediate maturities have affected the liquidity of the Treasury bond
contract and led to a near displacement by the 10-year Treasury note.

Europe, however, has also witnessed displacement activity.

"A reallocation of activity also took place in Europe in the late 1990s,
with Eurex capturing business in the long-term segment of the euro yield
curve and Liffe achieving dominance in the short-term area," said Janneau in
the report.

Janneau believes the falling number of non-government issues in the near
future will lead to exchanges introducing contracts based on corporate and
asset-backed securities. Examples of likely future behaviour include the US
Bond Market Association's move last September to develop proposals for a
corporate bond futures contract, and CBOT's efforts to introduce
mortgage-backed contracts.

Janneau added that he also expects exchanges to look at introducing
instruments based on broader fixed-income indexes and not just government or
corporate securities in the next few years. Many investment banks already
offer such services.

**End of ISDA Press Report for March 9, 2001.**

THE ISDA PRESS REPORT IS PREPARED FOR THE LIMITED USE OF ISDA STAFF, ISDA'S
BOARD OF DIRECTORS AND SPECIFIED CONSULTANTS TO ISDA.  THIS PRESS REPORT IS
NOT FOR DISTRIBUTION (EITHER WITHIN OR WITHOUT AN ORGANIZATION), AND ISDA IS
NOT RESPONSIBLE FOR ANY USE TO WHICH THESE MATERIALS MAY BE PUT.

Scott Marra
Administrator for Policy & Media Relations
ISDA
600 Fifth Avenue
Rockefeller Center - 27th floor
New York, NY 10020
Phone: (212) 332-2578
Fax: (212) 332-1212
Email: smarra@isda.org


At our Group meeting this past week we discussed paying the consent to
service of process ourselves, just so we can make sure it stays in place,
since it's not such a large amount of money.  Sara Shackleton is heading down
there next week and was going to discuss this with you...we just wanted to
give you a head's up about our thinking on this.


The Draft Proposed Decision for the Comprehensive Settlement doesn't specifically address this 50MM/d.  My recollection is that this new capacity was discussed in the SoCal System Adequacy proceeding last summer however the new open access procedures should allow for designating this receipt point capacity from Transwestern.  I'll verify this as soon as they issue the final decision which may be this afternoon.  gh

 -----Original Message-----
From: 	Harris, Steven
Sent:	Wednesday, December 12, 2001 12:11 PM
To:	Hass, Glen; Porter, J. Gregory; Rapp, Bill; Miller, Mary Kay; Kilmer III, Robert; Lokey, Teb; Donoho, Lindy; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Watson, Kimberly; Y'barbo, Paul
Subject:	RE: SoCal Unbundling

What about the access to the 50,000/d of new capacity at Needles that was being constructed? Wasn't that part of this proceeding? SoCal had argued that it would go to TW (we needed it for Red Rock).

 -----Original Message-----
From: 	Hass, Glen
Sent:	Wednesday, December 12, 2001 8:31 AM
To:	Porter, J. Gregory; Rapp, Bill; Miller, Mary Kay; Kilmer III, Robert; Lokey, Teb; Donoho, Lindy; Harris, Steven; Lindberg, Lorraine; Lohman, TK; Lokay, Michelle; McConnell, Mark; Watson, Kimberly; Y'barbo, Paul
Subject:	SoCal Unbundling

At yesterdays CPUC meeting the Commission approved on a 3-2 vote the Comprehensive Settlement we supported to unbundle the SoCal system.  This includes open access to their backbone system and receipt point procedures we supported.  I'll distribute the final order as soon as its available with the effective dates and details.  gh


CES Contact
Charlie Dalphon  703-561-6469   Fax 703-561-7317


You are now on the Wait List for Wellhead to Burner Tip, beginning on April
24 - 25, 2001
If space becomes available, you will be notified by e-mail.

If you have any questions, please call the Development Center Team at
713-853-0357.

Thank you.


I can't make it.  Sick kids.

D

Bryan Hull
06/07/2000 08:47 AM
To: O'Neal D Winfree/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT, Daren J
Farmer/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT, Michael Walters/HOU/ECT@ECT,
Eric Bass/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT
cc:
Subject: Game

Our game tonite is at 9:00. Everyone needs to bring their A game. Matt is out
of town so we will have seven assuming everyone else will be there. Let's try
to get there about 8:15 to warm up and talk about our strategy. Let me know
if anyone can't make it.

Bryan


Monday, last week, I urged our retail coalition, Alliance for Retail Energy
Markets (AReM), to hold a press conference this week to draw media attention
to the CPUC's vote on Thursday to suspend direct access.  AReM and its PR
Firm agreed.  After a lot of work to line up customers, the press conference
was held Tuesday morning in Scaramento.

We had excellent turnout from customer groups.  Public statements of support
for continuing direct access were made by the California Chamber of Commerce,
CA Manufacturing and Technology Association, CA Large Electric Consumers
Association, CA Retailers Association, School Project for RR (SPURR - forget
the whole acronym but the org purchases gas and electricity for aggregated
elementary and high schools), QUALCOM, City of Palm Springs, NYMEX, and the
ESPs of Green Mountain, New Energy , Enron (me), and Strategic Energy.  All
the major papers were there, San Jose Mercury News, SF Chronicle, LA Times,
SD Union, OC Register, Wall Street Jr.  Also there were the energy trade
press, Bloomberg, Public Radio and a capitol TV station.  All had the
opportunity to ask questions of the customers.

As planned, we let the customers take the limelight.  They made forceful
cases for why the CPUC should not suspend DA and stressed that the
Treasurer's concerns have been addressed in legislation (that has not yet
been acted on) and are actively being negotiated at the Capitol.  They urged
the CPUC not to take this action. I'll forward any media that results from
this

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


Status Report
Much of the first half of May was dedicated to organizing stakeholders and
lobbying for the passage of SB 28x (Sher), which was the Legislature first
attempt at siting reform and included several IEP-sponsored proposals.  SB
28x was the last bill to be signed by the Governor and chaptered into law
before the close of the first extraordinary session.  The final version
included:

? Conforming the timing of offsets for power plants to Clean Air Act
requirements.
? Substituting CEQA-style hearings for the trial-like proceedings of the
CEC.
? Streamlining the permit process for the modernization of existing power
plant sites.
? Giving consideration to the positive environmental impacts of a proposed
project.
? Improving the timeliness and coordination of state and local agency
review.
? Extending the current deadlines for the expedited review for "peaker"
plants and expanding the application to consider re-certification or
replacement.

There was also a small number of instances where Edson + Modisette assisted
on other issues at the request of IEP staff or IEP member companies.  As
always, Edson + Modisette is here if you need assistance on any other
issues.

Since SB 28x is only a first step in making changes to the siting process,
IEP member should now be thinking about what is next.  A list of IEP
proposals still on the table include:

? Permitting local agencies to make zoning changes or other decisions for
power plants contingent upon CEC CEQA Compliance
? Giving deference to other state and regional agencies
? Easing the threshold for override of local land use requirements.
? Making the ISO responsible for determining interconnection requirements

Assembly Member Calderon's office is currently reviewing these proposals in
conjunction with an effort to develop an environmental dispatch protocol.
IEP has weighed-in on this issue and has strongly advocated that 1)
reliability should always be the first priority; 2) protocol should be
limited to RMR units and out-of-market calls only; and, 3) any follow-up to
SB 28x should also consider IEP siting proposals left on the table.  I
circulated Asm. Calderon's proposed environmental dispatch language to IEP
members last Friday which targets those generating units running beyond
their air permits per the Governor's most recent executive order.  In the
short-term, I expect there will be additional stakeholders meetings on this
and other siting issues as Asm. Calderon decides how to proceed and in what
legislative vehicle.

All this action on the Assembly side does not rule out Senator Sher's part
on the siting issue.  Since SB 28x moved to the Governor's desk, Sen. Sher
has ensured us and others that that was only the first step and he would
like to continue pursuing additional siting reforms during this legislative
session.  SB 28xx in the second extraordinary session is currently a spot
bill ready to take up that cause.  There are pros and cons for either author
to move forward on siting reform, but I would recommend for the time being
that IEP let Asm. Calderon and Sen. Sher work out their turf wars while IEP
shares its proposals with both.

There are also other siting bills with the potential to move forward.  SB
86xx (Peace/Burton) was introduced last week which would require a developer
to begin construction on a project within 6 months of receiving
certification from CEC or lose its permit, and introduces the newly created
California Consumer Power and Financing Authority into the siting process.
Senator Morrow has called stakeholders together this week to provide input
on SB 76xx which is currently in spot bill format.  Asm. Wright still has
his siting vehicle, AB 48xx, poised to move if needed; and Sen. Battin has
several siting bills introduced also if needed.

I have mentioned this before, but it is worth repeating.  With the interest
in siting issues in the Capitol having waned only slightly, IEP members may
want to consider meeting again to develop a second list of proposed siting
reforms (in addition to the above issues left over from the first list).
Such a list should take into account the Governor's Executive Orders and
possibly what generators would be willing to give up to the enviros in
exchange for "big ticket" reforms.

Please call if you have any questions about the above invoice or any of the
siting issues pending before the Legislature.

Sincerely,

JULEE MALINOWSKI-BALL
Senior Associate

Julee Malinowski-Ball
Senior Associate
Edson + Modisette
916-552-7070
FAX-552-7075
jmball@ns.net


----- Forwarded by Richard B Sanders/HOU/ECT on 12/18/2000 02:22 PM -----

	Steve HPL Schneider
	12/18/2000 07:16 AM

		 To: Richard B Sanders/HOU/ECT@ECT
		 cc: Barbara N Gray/HOU/ECT@ECT, Brian Redmond/HOU/ECT@ECT, Patrick
Wade/HOU/ECT@ECT
		 Subject: Schedule 4.11

Item #11 (retained) has changed and needs to be updated on the schedule.
Pintail has elected not to accept our proposal and has submitted termination
under the contract.  Their future actions are unknown at this time.

The potential arbitration proceedings with Shanghai needs to be added to the
list as a retained litigation.  Contact Britt Davis for details.

Item #3 (unretained) probably needs to clarify the current situation.  In
this proceeding, it is my understanding that HPL has already condemned the
property and posted the appropriate bond as per the Court order.  The
landowners were not satisfied with the findings of the Commissioners and have
filed suit seeking a higher value.

It is unknown at this time whether there will be any litigation that comes
out of the A/S pipeline rupture incident in Mt Belvieu.


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/03/2000
02:16 PM ---------------------------

Masayuki Fujita <mfujita@mri.co.jp> on 03/31/2000 08:36:00 AM
To: vkamins@enron.com
cc: Eugenio Perez <Eugenio.Perez@enron.com>
Subject: A visit

Professor Vincent Kaminski
Vice President of Research
Enron Corp.

Dear Professor Kaminski

    I , Masayuki Fujita was the only Japanese attendee of the Energy
Derivatives seminar
in Houston last December and a member of Japanese consultation firm:
Mitsubishi Research
Institute, Inc. I would be very honored if you can meet with me 17 or 18
April after
attending Energy Trading Summit in 12th-14th. As you know, Japanese
electricity trading is
on the way of deregulation beneficial to the consumers from a long stage of
the nine major
companies' regional monopoly. We are giving a hand to help the Ministry and
industry to
find the right course of them. I and my colleague Yamada, who will attend Risk
Publications Monte Calro seminar in Four Seasons Hotel, would like to visit
you and your
company for studying the sophisticated risk management at Enron. In return,
we may give
you the information about recent institutional progress and major electricity
companies
response in Japan.

    We are now personally translating your book "Managing Energy Price Risk"
second
edition and wondering if you have not given the right to publish in Japanese
and nay give
us the chance to help you introduce modern technology to manage energy risk
in the
Japanese energy industry.

    I do not hope Japanese English power prevent me to pass my sincerity to
you and I can
visit you soon.

    Best regards,

Masayuki Fujita
Principal Financial Engineer
Financial Technologies Section
Mitsubishi Research Institute, Inc.
3-6 Otemachi 2-chome, Chiyoda-ku
Tokyo 100-8141
Japan
Tel +81-3-3277-0582
Fax +81-3-3277-0521


Please be sure to send me an email regarding changes, and write them on the schedule.
B

 -----Original Message-----
From: 	Meyers, Albert
Sent:	Thursday, January 24, 2002 12:10 PM
To:	DL-Portland Real Time Shift
Subject:	REVISED REAL TIME SCHEDULE FOR FEBRUARY

YOU WILL FIND A NEW SCHEDULE POSTED WITH CHANGES AS THEY RELATE TO OUR GROUP.

IF YOU HAVE ANY CONFLICTS THEN PLEASE TRADE WITH SOMEONE ELSE.

BERT


THIS IS A CONTINETAL EXPRESS FLIGHT

THEY DONT OFFER FIRST CLASS==

__________________________________________________
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Subject: Re:
To: VIKKI ANAYA <vanaya_vitoltvl@yahoo.com>
X-Mailer: Lotus Notes Release 5.0.3  March 21, 2000
Message-ID: <OFD2D8770A.2B53D691-ON86256A5E.0077C7F3@enron.com>
From: Kay.Mann@enron.com
Date: Fri, 1 Jun 2001 16:48:35 -0500
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
14, 2000) at 06/01/2001 04:42:56 PM
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Any first class upgrades available?

VIKKI ANAYA <vanaya_vitoltvl@yahoo.com> on 06/01/2001 04:45:30 PM

To:   KAY.MANN@ENRON.COM
cc:

Subject:

AGENT VA/VA BOOKING REF
YZEY2A

MANN/C KAY

ENRON
1400 SMITH
HOUSTON TX 77002
ATTN KAY MANN X 57566

DATE:  JUN 01 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  04JUN HOUSTON TX     MEMPHIS TN     745A    930A
CO 4096    Y          MON   G.BUSH INTERCO MEMPHIS INTL
TERMINAL B
SNACK                         NON STOP
RESERVATION CONFIRMED         1:45 DURATION
FLIGHT OPERATED BY CONTINENTAL EXPRESS
AIRCRAFT: EMBRAER EMB 145
SEAT 11C NO SMOKING CONFIRMED MANN/C KAY

CONTINENTAL AIRLINES  04JUN MEMPHIS TN     HOUSTON TX     555P    740P
CO 3841    Y          MON   MEMPHIS INTL   G.BUSH INTERCO
TERMINAL B
NON STOP
RESERVATION CONFIRMED         1:45 DURATION
FLIGHT OPERATED BY CONTINENTAL EXPRESS
AIRCRAFT: EMBRAER EMB 145
SEAT 12C NO SMOKING CONFIRMED MANN/C KAY

RESERVATION NUMBER(S)  CO/JR33G1

MANN/C KAY                               TICKET:CO/ETKT 005 7029446540

CO  FREQUENT FLYER COHG770475
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
***********************************************
THANK YOU FOR CALLING VITOL TRAVEL

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Telecommunications Reports presents . . . . . TR's State NewsWire
February 1, 2001 A.M. Edition

STATES
MISSOURI -- PSC declines to support SW Bell's market-entry bid
IDAHO -- Senate confirms nomination of Hansen to PUC
ILLINOIS -- Ameritech says business market is becoming more competitive
WYOMING -- Senate to examine bill requiring PSC to regulate directory
assistance
MINN. -- Bill would authorize placement of commercial equipment on state
property
GEORGIA -- BellSouth and IDS Telcom dispute interconnection agreement
UTAH -- Legislators take a look at using mobile phones while driving

LONG DISTANCE
MISSOURI
PSC declines to support SW Bell's market-entry bid

The Public Service Commission yesterday decided against supporting
Southwestern Bell Telephone Co.'s efforts to obtain FCC permission
provide in-region interLATA (local access and transport area) service in
Missouri at this time, Commissioner Kelvin Simmons told TR.  But the
application could be supported if SW Bell addresses the PSC's concerns,
he said.  The PSC plans to deliberate on the request again as early as
Feb. 6, although a final decision won't be issued at that time, Simmons
said.

The PSC's concerns with SW Bell's request include pricing,
interconnection agreements, access to network elements, unbundled local
loops, and unbundled local transport.  SW Bell intends to make changes
in those areas, taking the PSC's concerns into consideration, and is
confident that the PSC ultimately will approve the request, a SW Bell
representative told TR.  (Docket no. TO-99-227)

STATE & LOCAL GOVERNMENT
IDAHO
Senate confirms nomination of Hansen to PUC

The Senate unanimously has approved Gov. Dirk Kempthorne's (R.)
nomination of Dennis S. Hansen (R.) to a second six-year term on the
Public Utilities Commission.  (1/17/01 a.m.)  Hansen, who was first
appointed to the commission by Gov. Phil Batt (R.), is also the PUC's
president.

Before appointment to the commission, Hansen was an accountant with
Monsanto Co. of Soda Springs and served in the state Senate from 1987 to
1995.

COMPETITIVE LOCAL ENTRY
ILLINOIS
Ameritech says business market is becoming more competitive

Ameritech-Illinois has asked the state Commerce Commission to reopen a
1998 case to allow the company to present additional information that
demonstrates the growth of competition for business customers.  In the
1998 case, Ameritech sought competitive classification of its business
rates throughout the state and residential rates for 19 exchanges.  In
1999 the ICC denied Ameritech's request, citing a lack of genuine
competition.

Ameritech says the ICC should reopen the case's record because the
company's total number of business lines in service has continued to
decline in absolute numbers.  Overall, Ameritech says, its total number
of business lines in service has declined by about 7% in the last two
years.

Ameritech says its new evidence relates only to the business services
classification.  The company notes that the growth in residential
service competition in the 19 downstate exchanges has been "less
robust."

An ICC spokesman noted that Ameritech holds 93% of all access lines in
its Illinois service territory.  (Docket no. 98-0860 - Illinois Commerce
Commission vs. Illinois Bell Telephone Co., Investigation into specified
competitive tariffs to determine proper classification of the tariffs
and to determine whether refunds are appropriate)

FUTURE OF REGULATION
WYOMING
Senate to examine bill requiring PSC to regulate directory assistance

The Senate Corporations, Elections, and Political Subdivisions Committee
has received a bill that would require the Public Service Commission to
regulate directory assistance services under certain circumstances.  HB
51 would authorize the commission to require local exchange carriers to
make their listing information available to other directory service
providers.

The Joint Corporations, Elections, and Political Subdivisions Committee
drafted the bill during the interim session.  The legislative staff
explained to TR that the measure was prompted by an incident in which a
local company was unable to reach an agreement with Qwest Corp. over
directory assistance rates.

Because of the dispute between the companies, customers' names weren't
included in the Qwest phone book, the staff said.  The PSC has no
authority to regulate directory assistance service, which was
deregulated by the Wyoming Telecommunications Act of 1995.  (10/16/00
a.m.)

The legislative staff said the bill could be discussed Feb. 6, at the
earliest.

WIRELESS
MINNESOTA
Bill would authorize placement of commercial equipment on state property

The House Governmental Operations and Veterans Affairs Policy Committee
is considering a bill to allow commercial wireless equipment to be
placed on state-owned lands, buildings, and other structures.

State agencies either would have to (1) charge a site use fee for the
value of the property or structure on which the equipment were placed or
(2) accept improvements to state-owned communications system facilities
or services provided by a commercial wireless service provider.

Rep. Thomas Bakk (D., District 6A) introduced HF 429.

SECTION 251/252
GEORGIA
BellSouth and IDS Telcom dispute interconnection agreement

BellSouth Telecommunications, Inc., and IDS Telcom LLC are clashing over
several issues as they shape their new interconnection agreement.  IDS
recently asked the Public Service Commission to arbitrate the agreement.

One contentious issue is whether BellSouth should be permitted to use
the interconnection agreement to restrict its liability for negligent
acts and to require indemnification from IDS for negligence on
BellSouth's part that damages IDS customers.  BellSouth maintains that
liability for both companies should be restricted to a credit covering
the expense of the services or functions performed improperly.
Meanwhile, IDS argues that no restrictions should exist on liability or
indemnification.  BellSouth has agreed to exceptions for gross
negligence, fraudulent misrepresentation, and willful or wanton
misconduct, but the company won't concede to IDS' proposed exceptions
for negligence or negligent misrepresentation.

BellSouth and IDS also are disputing the issue of whether BellSouth must
offer combined network elements if the elements typically are combined
in BellSouth's network but aren't combined already at the location
requested by IDS.  BellSouth says it will offer IDS combined network
elements in accordance with the guidelines laid out in the federal
Telecommunications Act of 1996 and other applicable rules.  IDS argues
that BellSouth should be required to provide IDS with combined network
elements if those elements ordinarily are combined in BellSouth's
network, regardless of whether the elements already are combined at the
location in question.  (Docket no. 13318-U, In the Matter of Petition
for Arbitration of IDS Telcom, LLC, Pursuant to Section 252(B) of the
Communications Act of 1934)

WIRELESS
UTAH
Legislators take a look at using mobile phones while driving

Rep. Kory Holdaway (R., District 34) has introduced HB 182 to ban
drivers from using a telephone, computer, or fax machine while driving
on a highway.  The measure wouldn't apply to emergency and law
enforcement personnel acting in their official capacity, any person
during a medical emergency, or any person reporting a safety hazard.

Violators would be guilty of an infraction.  HB 182 awaits consideration
by the House Transportation Committee.

Federal law prohibits duplication in any form, including electronic,
without permission of the publisher.

TR's State NewsWire Copyright 1998, 1999, 2000 Telecommunications
Reports International, Inc. (ISSN 1082-9350) is transmitted each
business day at 8 a.m. and 2 p.m., except holidays.
Telecommunications Reports International, Inc.
1333 H St. NW, Suite 100-E
Washington, DC 20005-4707

Associate Editor for Online Publications: Jennifer Erschen, E-mail:
jerschen@tr.com
Senior Legislative & Regulatory Analyst: Gayle Kansagor, E-mail:
gkansagor@tr.com
Senior Research Analyst: Steve Arlowe, E-mail: sarlowe@tr.com
Senior Analyst: Barney McManigal, E-mail: bmcmanigal@tr.com
Senior Research Analyst: Brandi Kerns, E-mail: bkerns@tr.com
Account Services: Eileen Callahan (202) 312-6116, (202) 842-3023 (fax)
E-mail: ecallahan@tr.com


Clayton,

It translates into a credit risk for those on the other side of the hedge.
Many producers have a long history of poor timing of hedges.
I could give you quite a long list. They definitely need a bright
adviser who will tell them the price of gas two years from now.

Vince

	Clayton Vernon @ ENRON
	06/29/2000 01:02 AM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: from today's paper

Vince:

Here's an amazing factoid in today's paper related to the issue of how much
money you can "make" (sic) by hedging:

...

Other companies analysts say are saddled with hedges include El Paso Energy
Corp. and Coastal Corp., which are merging.

A Coastal official declined to comment on the company's forward positions.

Although El Paso is known for its pipeline business, it produces gas as
result of its $6.2 billion acquisition last year of Sonat. "More than 90
percent" of that gas is hedged through the rest of the year, said Bruce
Connery, vice president of investor relations. The forward contracts are for
$2.40, he said.

Hedging in the current market plays to the company's primary aim of meeting
investors' expectations, Connery said.

"Our first goal is to deliver the earnings goal that we set out, and that
dictates that we hedge out commodity volatility," he said.

...

$2.40??? Are you kidding????

Clayton


Dear classmates,

My wife, Eve, is co-chairing this year's Oakland
Ballet Gala, which will be held at the newly renovated
Rotunda Building in Oakland on May 5.  She would like
to know if any of my classmates would be interested in
attending this year's Gala.  She has promised me that
it will be THE event of the year!  If you are
interested, please e-mail me your address and she will
put you on the invitation list.  If you have any
questions, please feel free to call her (510-627-1635)
or e-mail her (egrossma@portoakland.com) at her
office.

Hope you have a great semester!

Pat Bukowski

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


I believe it was $610.  That was (2X$195) + (4X$55).  The two I have are Sec 15 Row 18 Seats 1&2.

I meant season tix.  But would probably also try to get OU as well.  I guess I'm wrestling with the idea of getting them in my name, but I know the seat location would not be very good.  I really would like to have 4 season ticket seats together.  I have been getting these through you for 6 years now and don't have a problem with just continuing this arrangement.  I also wouldn't be opposed to helping with the contribution to the Foundation if you think it would help.  Let me know.

DG

 -----Original Message-----
From: 	<david.plaisance@us.pwcglobal.com>@ENRON [mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 27, 2001 2:24 PM
To:	Giron, Darron C.
Subject:	RE: Season tix are in

Darron - sorry - My hard drive crashed two weeks ago and I lost my records
of who did what and how much.  Good news is I should get my restoration
back this week.  Tell me what your OU seats were so I can pair them with
seats close by, or exchange them for four together.

I vaguely remember us talking about OU.  Do you remember how much you paid
me?

When you say two additional tix for next season, do you mean season and OU
or just one or the other?  The only way you can get more OU seats than your
season tix is if someone else in the group doesn't want to buy OU tix with
their season tix.

I'm glad they arrived so quickly.

We'll get it worked out

d

Darron.C.Giron@enron.com on 08/27/2001 12:38:47 PM

To:   David Plaisance/US/FAS/PwC@FAS
cc:
Subject:  RE: Season tix are in

I just got the tickets.  Thanks for sending them.  I paid for 4 OU tickets,
could you only get me 2?  Let me know.  I also wanted to ask you about the
possibility of getting 2 additional tickets for next season.  I know you
get quite a few each year, but don't know if you have extras available.
Thanks again.

DG

    -----Original Message-----
   From:   <david.plaisance@us.pwcglobal.com>@ENRON

[mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]

   Sent:   Wednesday, August 22, 2001 11:37 AM
   To:     Giron, Darron C.
   Subject:  RE: Season tix are in

   OU tix are in!

   We'll work out leaving the tix for you under the mat, unless you'd like
   me
   to fedex them to you.  Let me know

   d

   Darron.C.Giron@enron.com on 08/22/2001 10:42:07 AM

   To:   David Plaisance/US/FAS/PwC@FAS
   cc:
   Subject:  RE: Season tix are in

   It looks like we won't make it to Austin before the 1st.  I'll probably
   just ask you to leave the tix under your front door matt on the day of
   the
   NMSU game and we will stop by to pick them up.  I will verify this with
   you
   next week.  I can't believe the season is already upon us.  Any word on
   OU?

   Thanks
   DG

       -----Original Message-----
      From:   <david.plaisance@us.pwcglobal.com>@ENRON

[mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]

      Sent:   Monday, July 23, 2001 9:47 AM
      To:     Giron, Darron C.
      Subject:  RE: Season tix are in

      Sorry I misspelled your name again.  Just let me know when.  They'll
   be
      here

      d

      Darron.C.Giron@enron.com on 07/23/2001 09:37:06 AM

      To:   David Plaisance/FAS/Price Waterhouse@FAS
      cc:
      Subject:  RE: Season tix are in

      I may be in Austin later this summer.  I'm in no hurry to get the
      tickets.
      If you will, please hang on to them and I'll advise at a later date.
      Thanks.

      DG

          -----Original Message-----
         From:   <david.plaisance@us.pwcglobal.com>@ENRON

[mailto:IMCEANOTES-+3Cdavid+2Eplaisance+40us+2Epwcglobal+2Ecom+3E+40ENRON@ENRON.com]

         Sent:   Sunday, July 22, 2001 3:17 PM
         To:     dgiron@enron.com
         Subject:  Season tix are in

         Darin - The season tickets are in; OU tickets will be mailed
   later.
      How
         do
         you want to pick them up?  Any plans to be in Austin, soon?

         Regards

         David

         512-278-1716 (o)
         512-272-5009 (h)

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has a lunch tomorrow with the Chairman of British Energy.  Is there anything you want to get from that or should he just bluff his way through.

Let me know

Thanks

Louise


I am out of the office until Monday, March 25. I will be checking voicemail, but may not be able to get back to you immediately.  If you need assistance, please call my assistant, Joey Morrow at 713-853-5664.


I thought that you, Mark Quaglia, and the other fellow from Cadwalader are assigned to the top nonterminated financial gas contracts, with more resources to come.

Am I right?

P.S. The list sent to Louis is not the live gas financial contracts, and has not been updated for awhile.
 -----Original Message-----
From: 	Dicarlo, Louis
Sent:	Thursday, February 28, 2002 4:50 PM
To:	Aronowitz, Alan
Cc:	McMichael Jr., Ed
Subject:	Assignment of Attorneys

Sara suggested that you have an electronic copy of a document that assigns attorneys to the top x live financial CPs.  Please forward to Ed McMichael and myself today.

Thanks

Louis R. DiCarlo
ENA Gas Structuring
Phone: 713-345-4666
Email: louis.dicarlo@enron.com


---------------------- Forwarded by Phillip M Love/HOU/ECT on 01/17/2001
06:08 PM ---------------------------

	From:  Kevin P Radous @ ENRON                           01/17/2001 04:06 PM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject: Pages to print for Hunter

Phillip,

This is just a guess for what Hunter is looking for.  I would start with the
following pages in the
p/l found in this directory...

O: Erms/1Intra/Central/Midwest P&L/2001/0101/EMW0117.xls

Exec Summary
DPR
P&L Without Sharing
P&L Summary

In addition,  I think he wants more detail on the positions.

In my hedge strip file (same directory as everyone else - name is HS_IM-EMW)
I would think he would
like to see the Financial Book Position, NSS1, FT-Enovate, and TP tabs.
These are the only tabs with
positions.  (Will be changing shortly).

Thanks for the help,

Kevin

312-541-1198


Just a note to let you know I will have to miss our meeting on Tuesday - I
will not be back from New York until around noon.


Test


Chris,

This spread sheet contains the new WIC meters, as discussed.  I also
discovered that there are about 200 meters we current get manually for CIG
that also need to be added to the database.  They are included in the
attached file on separate sheets.  Meters already existing in the database
are not included for either pipe.  Can you please dump these into the
database and set up additional sheets in the Socal manual entry spreadsheet
for these meters.  Let me know if you have any questions.  Thanks.

Mat