"Stephen Fernands" <srfernands@cesolution.com> writes to the
NYISO_TECH_EXCHANGE Discussion List:

Mark,
Thank you for your thoughtful response.  I think you raise some valid
points, but I do not think they change the end conclusion.

Fundamental Value of ICAP
The principle of the ICAP market, as in any market, should be to reflect the
value of the underlying product that is being sold to the market.  The
question is whether the product being sold, in this case ICAP, has truly
appreciated more then 400% since the previous ICAP auctions.  Maybe - but I
doubt it.

AMP and Expected Revenue
The premise that changing the existing market mitigation rules to catch rule
breaking on a real time basis instead of a one day lag basis, although
plausible, seems fairly weak.  It presumes that generation owners were
planning on violating the pre-existing screens and counting on the revenue
from those "golden eggs."  Likewise, the link between "expected energy
revenue" and ICAP prices is tenuous at best.  Generators are not limited to
receiving revenue from the spot market and may well choose to sell energy in
the bilateral market.  In either case the goal of the generation owner is to
maximize revenue through all markets.  The ICAP market, if functioning
properly, should reflect the value of the first call on the energy from the
generator by the NYISO and the ability of the NYISO to curtail external
transactions from that generator.  For example two generation owners owned
two plants with the same characteristics. One generation owner did a
relatively "good" job selling a forward energy contract for the 6 month
procurement period while the other owner did a relatively "poor" job selling
a similar contract.  In the ICAP auctions they both should have the same
strategy - maximize the revenue that each of them can receive out of the
ICAP auction.  Any other strategy by either of the plants will lead to
overall lower profits.

Price Cap Load Bidding (I won't comment on if Virtual Bidding were in place
because it isn't going to be)
Price Cap Load Bidding has been available in the past, only know it is
expanded slightly to Zonal Price Cap Load Bidding.  This is not a
significant change to the existing rules and would seem unlikely to account
for either a significant change in the expected energy revenue or the
underlying value of the ICAP product.

"...significant uncertainty to the New York market..."
I would agree that all of the rule changes including the Penalty and Public
Disclosure Proposal  made it difficult for generation owners to properly
evaluate the effects of selling ICAP into a 6 month market.  For this
reason, as well as the other possible reasons listed on my letter, I believe
that mitigating measures should be evaluated.  I am not passing judgment at
this stage, but feel that all parties should know that the prices that were
posted are in the process of being reviewed and that subsequent changes may
be required to some or all of the months.

Next Steps
If the MMU determines that there was economic and/ or physical withholding,
whether due to regulatory uncertainty in surrounding control areas or
internal uncertainty about the exact effects of the AMP, I believe that it
is most appropriate for the MMU to take immediate action and refer it to the
committees for longer term resolution.

Stephen Fernands
Consultant
AES NewEnergy
215.875.9440

----- Original Message -----
From: "Mark Younger" <mdy@slater-consulting.com>
To: "Tech Team EMail List," <nyiso_tech_exchange@global2000.net>
Sent: Wednesday, May 09, 2001 2:04 PM
Subject: FW: NYISO - MC - Document from Stephen Fernands to MC Members

> Steve Fernand's comments on the recent ICAP deficiency auction results are
> based upon a fundamental misunderstanding of the ICAP market.  This
> misunderstanding is summarized in his statement that "Unlike the electric
> commodity, there have been no significant changes in the underlying costs
> for suppliers of ICAP."  Since last summer there have been very
significant
> changes in the factors that affect the ICAP markets in New York.
>
> The basic principle of the ICAP market is that it provides the generator
(or
> external ICAP provider) a mechanism to recover costs that are not
adequately
> recovered from the energy market.  In return for this revenue the
generator
> accepts an obligation to bid into the NYISO day-ahead energy market every
> day that the generator is not out of service due to either maintenance or
> forced outage.
>
> The basic theory on developing a bid into the ICAP market for an internal
> generator is that the generator should estimate the total revenue it
> requires from the ICAP market to continue operating. This calculation is
> based upon its total cost of remaining in business less its expected
profits
> from the energy market (expected revenues less expected fuel costs).  For
> external suppliers the ICAP bid is based upon the opportunity cost of
being
> obligated to the New York energy market rather than being either obligated
> to another market or having no obligations to any market.
>
> Clearly, in each case, the bid into the capacity market is dependent upon
> the expectations of the New York energy market.  There have been several
> adopted and proposed changes in the New York energy markets that make them
> both less desirable than last year and less desirable than the energy
> markets surrounding New York.  These include:
>
> The Circuit Breaker/AMP - The Circuit Breaker/AMP creates both a concern
> that the day-ahead market prices will be depressed from the levels that
> should exist.  The implementation of the circuit breaker raises concerns
> that the market prices in New York energy price will be depressed.  The
> potential ways in which the DAM prices could be depressed include failure
to
> incorporate changing unit operating parameters, fuel costs, or emissions
> costs.  Additionally, while opportunity costs are a part of an acceptable
> bid, there is no methodology to keep the circuit breaker from effectively
> removing the opportunity costs for a circuit broken bid.  Finally, the
> design of the circuit breaker may result in numerous individual bids by
> different market participants being circuit broken when they are not
> exercises of market power.  Every time a bid is improperly circuit broken
it
> affects all sellers because all sellers end up being paid less in the DAM
> then they should have received.
>
> In addition to these questions about whether the AMP will improperly
depress
> prices, there is still uncertainty to how  a generator that has been
> improperly mitigated is supposed to be able to be compensated.  This was
> part of the original circuit breaker design but as of this point the NYISO
> has failed to provide any description of how this process will work.
There
> is also uncertainty about the reference prices and the process that
> generators will follow in getting changes or exceptions to the reference
> prices accepted.  The uncertainty raises the cost of being obligated to
the
> New York market.
>
> Price Capped Load Bidding - The price capped load bidding mechanism that
is
> being implemented this summer provides a sophisticated tool to a small
> subset of market participants to determine whether they want to purchase
at
> the DAM market prices.  This provides the possibility that day-ahead
market
> prices will systematically be depressed relative to the real time market
if
> this mechanism is abused.  Virtual load bidding has been blocked for the
> summer.  If virtual load bidding were implemented it would provide a
> potential check on this market manipulating behavior.  The only check
> allowed in our market design is the inclusion of opportunity costs in the
> generator day-ahead market bids.  As addressed above, the application of
the
> Circuit Breaker/AMP is likely to impede the generators including
opportunity
> costs in their bids thereby eliminating the only check on using the price
> capped load bids to manipulate the market.
>
> Penalty and Public Disclosure Proposal -  This proposal will penalize
market
> participants that are mitigated for exceeding the NYISO Market Mitigation
> Measures. There have been issues raised related to this proposal regarding
> due process and fundamental fairness.  The penalties only apply to
> generators and other suppliers.  The penalty is not based upon a
> determination that the market participant has exercised market power.
> Finally, the ADR process can determine whether mitigation was properly
> applied by the NYISO but cannot determine whether the penalty that was
> applied was appropriate.
>
> Each of the above measures has resulted in a potential reduction in energy
> market revenues and added significant uncertainty to the New York market.
> The above price control measures are not in place in the surrounding
> markets.  Each of these makes the New York market less desirable than its
> neighbors and raises the price of being obligated to the New York market.
> Interestingly, the Penalty and Public Disclosure Proposal was approved by
> the NYISO Management Committee between the ICAP Monthly auction and the
ICAP
> Deficiency auction.
>
> The above are not the only price control proposals that have been made for
> the NYISO energy market.  Most notably, there have been proposals for $150
> price caps in the energy market and retroactive price authority.
> Fortunately, both of these ill-considered proposals were ultimately
> withdrawn.  However, the mere fact that they were proposed inflicts
> uncertainty on the energy market and therefore increases the expected
prices
> in the ICAP market.
>
> Two final points need to be clarified regarding Mr. Fernand's argument
that
> the results of the auction indicate a problem.  First, he lists the change
> in ICAP market clearing prices between last year and this year as
indicating
> there is a problem in the ICAP markets.  When generators bid into last
> summer's auction they had not yet experienced summer operation under the
> NYISO markets. There also had not been the broad range of price control
> measures proposed and adopted for this summer.  Compared to last summer,
> ICAP bids for this summer would have incorporated better understanding of
> the expected profits in the energy market as well the expected impacts of
> the price control measures.  Second, he also uses the results of this
> summer's strip/monthly auction and the deficiency auction as an indication
> of there being problems in the ICAP market.  Because the entire ICAP
> requirement is not cleared in a single auction, the prices that are bid
into
> the earlier auctions are essentially an ICAP providers estimate of its
> opportunity cost of selling in the earlier auction rather than selling in
a
> later auction.  This requires the ICAP providers to guess the likely bids
of
> the marginal ICAP providers.  The results of this years auctions merely
> indicate that those who sold in the early auctions apparently did not do a
> very good job of guessing the lost revenue associated with selling in the
> earlier auctions.
>
> Mr. Fernand's provides a set of proposed measures for addressing the ICAP
> issue.  If any of them are worthy of be considered then they should be
aired
> through the committee process.  Nonetheless, one of the proposals should
be
> killed at the outset.  Because being an ICAP provider to New York includes
> an obligation to bid into the energy market, no ICAP owners should ever be
> "automatically bid into the Deficiency Auction" or any other auction.  Mr.
> Fernand's suggests that that the automatic bidding requirement be relieved
> if a Long ICAP Owner exclude itself.  The act of choosing not to bid into
> the ICAP auction is in itself an indication that the ICAP provider has
> chosen to exclude itself.
>
> Mark Younger
> Vice President
> Slater Consulting
> 69 Werking Road
> East Greenbush, NY  12061
> 518-286-1937 ph
> 518-286-1941 fax
>
>
> -----Original Message-----
> From: kkranz@nyiso.com [mailto:kkranz@nyiso.com]
> Sent: Tuesday, May 08, 2001 2:49 PM
> To: marketrelations@nyiso.com
> Subject: NYISO - MC - Document from Stephen Fernands to MC Members
>
>  Dear Management Committee Members.
>
> The attached document  is being forwarded to you at the request of Stephen
> Fernands of New Energy Inc.
>
> Regards,
>
> Kristen Kranz
> 518-356-6186
>
>
> (See attached file: Stephen Fernands to MC re ICAP.PDF)
>


see if you can get me on the wednesday schedule instead.  thanks.
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/09/2001
11:13 AM ---------------------------

	Tracy L Arthur

	01/08/2001 04:33:19 PM

To: Danny McCarty/LON/ECT@Enron, David W Delainey/HOU/ECT@ECT, Louise
Kitchen/HOU/ECT@ECT, Rodney Malcolm/HOU/ECT@ECT, Colleen
Sullivan/HOU/ECT@ECT, Paul Chivers/LON/ECT@ECT, Jeffrey A
Shankman/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Dan Leff/HOU/EES@EES, Stewart Seeligson/Enron Communications@Enron
Communications, Andrew S Fastow/HOU/ECT@ECT, Edward Coats/Corp/Enron@ENRON,
Sally Beck/HOU/ECT@ECT, Beth Perlman/enron@EnronXgate
cc: Kimberly Nelson/OTS/Enron@Enron, Kay Chapman/HOU/ECT@ECT, Tammie
Schoppe/HOU/ECT@ECT, Kimberly Brown/HOU/ECT@ECT, Julie Downes/LON/ECT@ECT,
Jennifer Burns/HOU/ECT@ECT, Loretta
Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Kathy Dodgen/HOU/EES@EES,
Tracy Williams/Enron Communications@Enron Communications, Bridget
Maronge/HOU/ECT@ECT, Patti Thompson/HOU/ECT@ECT, Donna
Hutton/Corp/Enron@Enron, Ana Alcantara/HOU/ECT@ECT, Cherylene
Westbrook/Enron@EnronXGate
Subject: Analyst Orientation Business Unit Presentations

Thank you all for agreeing to participate with the Analyst Orientation -
Introduction  Enron's Businesses presentations.  The presentations will be
conducted on the dates and times listed below, as previously scheduled.  All
presentations will take place at the Doubletree Allen Center in the Dezavala
room.

If you have any questions or require any additional information, please feel
free to contact me at 713-345-7853.

Thank you again,
Tracy Arthur
Communication Specialist

LOCATION:
Doubletree Allen Center
Dezavala Room

THURSDAY, JANUARY 18
ETS  Dan McCarty  Thursday, January 18 9:15 a.m. - 9:45 a.m.
EA  Dave Delainey  Thursday, January 18 9:45 a.m. - 10:15 a.m.
ENW  Louise Kitchen  Thursday, January 18 10:30 a.m. - 11:00 a.m.
EIM  Rodney Malcolm Thursday, January 18 11:00 a.m. - 11:30 a.m.
Trading Simiulation -
  Colleen Sullivan Thursday, January 18 1:30 p.m. - 2:00 p.m.
EEL  Paul Chivers  Thursday, January 18 2:00 p.m. - 2:30 p.m.
EGM  Jeff Shankman  Thursday, January 18 2:30 p.m. - 3:00 p.m.
EGA  Rebecca McDonald Thursday, January 18  3:00 p.m. - 3:30 p.m.
EES  Dan Leff  Thursday January 18 3:45 p.m. - 4:15 p.m.
EBS  Stewart Seeligson Thursday, January 18 4:15 p.m. - 4:45 p.m.

FRIDAY, JANUARY 19
Global Finance  Andy Fastow Friday, January 19 8:45 a.m. - 9:00 a.m.
Commercial Services Sally Beck Friday, January 19 9:00 a.m. - 9:15 a.m.
Global Technology Beth Perlman Friday, January 19 9:15 a.m. - 9:30 a.m.
Tax   Ed Coats Friday, January 19 9:30 a.m. - 9:45 a.m.


What are the issues with this?  Is the problem a counterparty name issue?
Did we pay the wrong company?  Is Cleco billing us?

D

Mary Poorman@ENRON
01/31/2001 04:46 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Re: Meter 986315 for 10/00

You put a deal in for Torch for this time frame at this meter to clear an
exception.  Should we put a new deal in with Cleco?  Let me know.

Mary
---------------------- Forwarded by Mary Poorman/NA/Enron on 01/31/2001 04:45
PM ---------------------------

Charlene Richmond@ECT
01/31/2001 04:04 PM
To: Mary Poorman/NA/Enron@ENRON
cc:

Subject: Re: Meter 986315 for 10/00

The person at Cleco / Foursquare  is Kara , her phone number is 281-556-8878

Mary Poorman@ENRON
01/31/2001 03:45 PM
To: Charlene Richmond/HOU/ECT@ECT
cc:
Subject: Re: Meter 986315 for 10/00

I have a note in Pops that Daren extended the Torch deal at this meter for
October.  If they are disputing the deal, please let me know and I will clear
this up with them.

Mary


Attached is a power point presentation that the ag group prepared for our
meeting with Sidley & Austin in Chicago yesterday.  FYI, I think the meeting
went well -- S&A had some helpful comments about some of the prototypes we
are considering and I think our commercial people value their ag knowledge.

Robert E. Bruce
Senior Counsel
Enron North America Corp.
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com
----- Forwarded by Robert Bruce/NA/Enron on 12/06/2000 11:26 AM -----

	Ted Noble@ECT
	12/04/2000 07:33 PM

		 To: Billy Lemmons/Corp/Enron@ENRON, Robert Bruce/NA/Enron@Enron,
lhunt@sidley.com
		 cc:
		 Subject: Enron Agenda Presentation (2) Disregard Earlier Email

Attached is a powerpoint presentation that outlines an agenda and discussion
points for tomorrow's meeting in Chicago.  I look forward to seeing you then.


That's fine.  I didn't want to change anything until I heard from you guys.

See ya!

John

At 11:06 AM 11/28/00 -0600, you wrote:
>
>John,
>
>Thanks. Stinson will be able to join us for dinner. He is opting out of
>the paper due to his big workload but we can get his perspective on
>the last 8 years he spent at Enron.
>
>Vince
>
>
>
>
>
>"John D. Martin" <J_Martin@baylor.edu> on 11/28/2000 09:44:17 AM
>
>To:   vkamins@enron.com
>cc:
>Subject:  2001 FMA European Conference
>
>
>Here's the info on the European conference.  Just for your files.
>
>John
>
>>Date: Tue, 28 Nov 2000 08:40:39 -0500
>>From: Karen Wright <wright4u@earthlink.net>
>>Subject: 2001 FMA European Conference
>>To: kwright@fma.org
>>X-Mailer: Mozilla 4.5 [en] (Win98; I)
>>X-Accept-Language: en,pdf
>>
>>2001 FMA European Conference
>>
>>The Fifth Annual European Meeting of the Financial Management
>>Association International (FMA) will be held May 31 and June 1, 2001 at
>>the Hotel Sofitel (Rive Gauche) in Paris, France.  FMA's European
>>Meeting brings together academicians and practitioners with interests in
>>financial decision-making. The meeting provides a forum for presenting
>>new research and discussing current issues in financial management,
>>investments, financial markets and institutions, and related topics.
>>Keynote addresses and other special presentations will be held in
>>addition to research paper presentations.
>>
>>Paper Submissions
>>Research Papers.  The program includes traditional research paper
>>presentations.  Criteria used to determine the suitability of these
>>papers for the program include the nature of the research problem,
>>implications of the proposed research, the quality of the research
>>design, and the expected contribution of the research to the
>>literature.  Please note that the purpose of these sessions is to
>>present new and unpublished research.
>>
>>Submission Fee. There is no submission fee for the FMA European
>>Conference.
>>
>>Submissions. Please follow these steps:
>>Complete the Presentation Form that can be downloaded at
>>www.fma.org/paris.htm.  Carefully select the subject code on the
>>Presentation Form that most closely describes your research.  The code
>>number you select will be used to select reviewers for your proposal.
>>
>>Send six (6) copies of your completed paper, along with the completed
>>Presentation Form, to the FMA office (Financial Management Association,
>>University of South Florida, College of Business Administration, Tampa
>>FL 33620-5500, USA).
>>Please note that only completed papers will be accepted for the FMA
>>European Conference review process.
>>
>>The paper submission deadline is Friday, December 1, 2000.
>>
>>You will receive an electronic confirmation of your submission within
>>six weeks of its receipt by the FMA office, and you will be notified of
>>the results of the reviewing process by the middle of February, 2001.
>>
>>Competitive Paper Awards
>>The Financial Management Association International is pleased to
>>announce that four (4) $1,500 awards will be presented in conjunction
>>with the 2001 FMA European Conference.  The "Young Scholars" award will
>>be presented to the best paper authored by a Ph.D. student (or
>>equivalent) or recent Ph.D. (or equivalent) graduate.  Three additional
>>$1,500 awards will be presented to the papers deemed "Best of the Best"
>>by the members of the 2001 FMA European Conference Competitive Paper
>>Awards committee. Please note that these awards will be made only if, in
>>the opinion of the FMA Awards Committee, a paper warrants such a
>>decision. The decisions of the FMA Awards Committee are final.
>>
>>Accepted Papers. If your proposal is accepted, the version of the paper
>>you submit will be sent to its discussant as soon as he/she is
>>identified. You are obligated to send the final version of your paper to
>>the discussant and session chair by April 27, 2001.  You also are
>>obligated to present your paper in a professional manner at the assigned
>>FMA program session.
>>
>>The collegiality of the meeting provides a very special opportunity for
>>participants to share their work and to hear about the work others are
>>doing.  Thus, individuals whose papers are accepted for presentation at
>>the 2001 FMA European Conference will be expected to either chair a
>>session or discuss a paper.
>>
>>Program Co-Chairs
>>
>>Francois Degeorge
>>HEC Paris
>>1 rue de la Lib,ration
>>78351 Jouy en Josas Cedex
>>France
>>33-1-39-67-72-34 (ph)
>>33-1-39-67-94-34 (fax)
>>degeorge@hec.fr
>>
>>Kent Womack
>>Dartmouth College
>>Amos Tuck School
>>Hanover, NH 03755
>>1 603 646 2806 (ph)
>>1 603 646 1308 (fax)
>>kent.womack@dartmouth.edu
>>
>>Additional Opportunities For Participation
>>
>>Session Chairperson or Discussant.  If you wish to serve as the
>>chairperson of a session or paper discussant, but are not submitting a
>>paper, please complete the Participation Form which can be downloaded
>>from www.fma.org/paris.htm.  Submit the completed form to the FMA office
>>by December 1, 2000. Session organization will take place in March,
>>2001.
>>
>>Deadline Summary
>>
>>Completed Papers:  December 1, 2000
>>Chairperson/Discussant Requests:  December 1, 2000
>>
>>
>>
>John D. Martin
>Carr P. Collins Chair in Finance
>Finance Department
>Baylor University
>PO Box 98004
>Waco, TX 76798
>254-710-4473 (Office)
>254-710-1092 (Fax)
>J_Martin@Baylor.edu
>web:    http://hsb.baylor.edu/html/martinj/home.html
>
>
>
>
John D. Martin
Carr P. Collins Chair in Finance
Finance Department
Baylor University
PO Box 98004
Waco, TX 76798
254-710-4473 (Office)
254-710-1092 (Fax)
J_Martin@Baylor.edu
web:    http://hsb.baylor.edu/html/martinj/home.html


---------------------- Forwarded by Chris Dorland/CAL/ECT on 04/28/2000 11:57
AM ---------------------------

Tasha Loewen <tloewen@cal.sunpub.com> on 04/28/2000 08:45:07 AM
To: Chris.Dorland@enron.com
cc:
Subject: Re: Plans...

Hey buddy,

 What were you doing in Mexico?  Must have been really nice!  As far
as tomorrow is concerned, I think that we may have a few drinks before the
club scene, so you are more than welcome to stop over for a few. I would love
to introduce you to some of my "single" friends.  Actually, pretty much all
of them are single right now. (Teehee). Anyhow, I imagine that we will begin
at about 8 or so, hope to see ya there. I live in Marda Loop in the SW. It's
just off off Crowchild. My address is #2, 2106, 35th ave SW. Exit onto 33rd,
and it's easy from there. If you have any ques'ns, call me @ 249-1571.
Depending on which way you come, it is really easy to find. You can also get
there by 14th, or 17th, but in either case, you will still turn onto 33rd.
Talk to you soon!
T


My trip may be back on for tomorrow.  I'll know more later.

I have a meeting from noon-500 this afternoon, at the Hyatt.

Today looks crazy.

Does Charlotte know how to pick up Michael, and about Rosco?

Love,

ckm


-----Original Message-----
From: 	Ryan, David
Sent:	Thursday, September 27, 2001 5:38 AM
To:	Fischer, Mark; Belden, Tim; Heizenrader, Tim
Cc:	Pace, Andy; Decook, Todd
Subject:	Weather Update

Good Morning, Mark. An early note about the weather.

This remains a very difficult forecast for the Southwest and California. Today's models have pretty much flipped around from yesterday - that is to say that the hot models yesterday are now cool and the cool models yesterday are now hot.

The three players on the field remain the ridge in the West, the incoming trof, or storm, in the Pacific early next week and Hurricane Julliette. The interaction of which is very crucial for the weather next week.

Today's American/MRF model and the NAVY model brings the trof to the CA coast by Monday and brings Juliette in the SW. By doing this, it is painting strongly cooling temperatures in CA and the SW early next week. We'd be talking 80s & lower 90s (though humid) in PHX and Las Vegas with 70s in the load centers of CA. I give this scenario a 30% of happening - the coolest scenario.

Today's European model, a good model in the West, has a compromise - strongly heating coastal California next Monday and Tuesday while bringing at least some of Juliette's moisture in CA/SW. This would only mean some cooling in the SW with a major increase in humidity and at least 2 days of hot, humid weather in California, even at the coast. This scenario is 40% likely now and would still mean strong loads early next week in CA and the SW.

Today's Canadian model shows the ridge in the West dominate - holding off both Juliette and the incoming storm from the Pacific through next week. This would mean little change in PHX & Las Vegas and at least several days of near record heat in California. This scenario would represent the other hot extreme and I give this about a 30% chance to happen.

The market will likely either follow the cool scenario altogether or be uncertain - Very few ball players will recognize the potential in this pattern. I am still leaning toward the idea that a 70% of decent heat and humidity in CA and the SW, but obviously with subtle uncertain details that make a huge difference in the weather its still too early to tell exactly.

Please forward this to those in interest - please call if there are any questions or interest in a conference.

- Dave Ryan


The speaker presentations are now available at the Enron Law Conference
website at http://lawconference.corp.enron.com/. These materials can be found
under Presentation Handouts or the Conference Schedule. Click the icon to the
left of the presentation which will launch the application. Once the file is
visible, you can navigate to the various slides using the Page Up and Page
Down keys or print the file. To return to the Handouts Menu use the back
arrow. If you are not able to access the website from your location, please
contact me and the files can be sent via e-mail. These materials will be
available on the website until next year's conference. The CLE Committee
hopes you enjoyed your first "Binder Free" conference!

Paulette Obrecht
Legal Project Coordinator
713-646-6305


The fax number here is 541-737-4890.

	-----Original Message-----
	From: Causholli, Monika [mailto:Monika.Causholli@ENRON.com]
	Sent: Monday, November 19, 2001 6:41 AM
	To: Nielsen, James - COB
	Subject: Fax the recommendation letters

	Jim,

	I was thinking that since I do not have enough time to prepare
the appplication process, it would be a good idea for me to fax the
recommendation letter forms to you first so you know what to expect and
maybe start writing. In the meantime, I will mail those forms as well as
envelopes because you have to retunrn those to me. The envelopes would
have to be signed across the seal.
	There will be a total of four schools that I am applying to.
	   1- Yale
	   2- Boston College
	   3- University of Massachusetts
	   4- Bocconi University (Italy)

	Thanks,
	Monika

		-----Original Message-----
		From: Nielsen, James - COB
[mailto:NielsenJ@bus.orst.edu]
		Sent: Friday, November 16, 2001 4:24 PM
		To: Causholli, Monika
		Subject: RE: Information from University of Colorado

		Hi -

		I would contact the other finance guys here. Who knows,
they may have some great leads. As far as the letter is concerned, I
would be happy to do it. Generally, however, each grad school has a
specific recommendation form that they want references to fill out. So
let me know after you get the required info from the schools. Typically,
students just send it to me as I will probably have to submit it
directly to the grad school people as they generally want confidential
letters.

		Jim

			-----Original Message-----
			From: Causholli, Monika
[mailto:Monika.Causholli@ENRON.com]
			Sent: Friday, November 16, 2001 11:37 AM
			To: Nielsen, James - COB
			Subject: RE: Information from University of
Colorado

			Jim,

			I did write to Eric Hughson about the PhD
program and I am waiting for his response.
			In the meantime can you write me a
recommendation letter. I know you don't like to do this but if you would
it would be great. I am planning to apply to about 3-4 schools for now.
I will mail the paperwork to you on Monday.
			Also, should I contact the other finance
professors at OSU trying to see what they can help me with?
			Thanks for all your help. I will keep you
posted.

			Monika

				-----Original Message-----
				From: Nielsen, James - COB
[mailto:NielsenJ@bus.orst.edu]
				Sent: Friday, November 16, 2001 12:29 PM
				To: Causholli, Monika
				Subject: FW: Information from University
of Colorado

				Hi Again Monika -

				Here is what I heard from my former
professor. If I were you, I would contact Eric Hughson about CU's PhD
program in Finance. It is worth a try.

				I will contact you if I hear about other
opportunities either for graduate study or employment opportunities.
Keep me posted.

				Jim

				-----Original Message-----
				From: Ron Melicher
[mailto:Ronald.Melicher@Colorado.edu]
				Sent: Friday, November 16, 2001 10:18 AM
				To: Nielsen, James - COB
				Subject: RE: Hello Old Friend

				Hi Jim,
				It has been a long time between
communications.  We no longer offer an MS in Finance (however, I believe
the Denver Campus does).  We admit only one or two new students in the
Finance PhD Program each year--thus it is very competitive.  Our Finance
PhD Program coordinator is Eric Hughson and he could be contacted at
Eric.Hughson@Colorado.EDU.  Unfortunately, I don't have any specific
recommendations.
				Ron
				PS--I also still like the teaching part
of the academic life and probably won't be retiring for another few
years.

				-----Original Message-----
				From: Nielsen, James - COB
[mailto:NielsenJ@bus.orst.edu]
				Sent: Thursday, November 15, 2001 2:49
PM
				To: Ronald.Melicher@Colorado.EDU
				Subject: Hello Old Friend

				Hi Ron -

				It certainly has been a long time since
we have communicated. I am glad to see that you have not yet retired and
either have I. Moreover, I don't have any plans to do so in the
immediate future as this job is so much fun.

				The reason I am writing is that a former
student of mine from Albania who works for Enron has been thinking for
some time that she would like to go back to school and get a Master's
Degree in Finance or PhD. Being a foreign student she needs to get some
sort of scholarship or assistantship. She graduated from OSU a year or
so ago and has been working at Enron since that time. Given what is
happening at Enron, I am not surprised that she has decided to go back
for a graduate degree.

				Our College of Business does not have
any graduate student assistantships and we also don't offer a master
degree in finance or PhD.  Monika is without a doubt one of the sharpest
students I have had in recent years. She is incredibly bright and works
very hard.

				Does CU still offer the masters degree
in finance and still offer student assistantships. If I recall, George
Carvel was working on a MS in Finance and had an assistantship under
Maurice Unger when I was going to CU. If so, can I give Monika your name
and have her contact and perhaps forward her resume to you. Or can you
put her in touch with the right person at CU?

				If CU does not have anything available
do you know of a few schools who might so that I can pass the
information on to Monika?

				Thanks for any help you can provide.

				Best regards,

				Jim

**********************************************************************
			This e-mail is the property of Enron Corp.
and/or its relevant affiliate and may contain confidential and
privileged material for the sole use of the intended recipient (s). Any
review, use, distribution or disclosure by others is strictly
prohibited. If you are not the intended recipient (or authorized to
receive for the recipient), please contact the sender or reply to Enron
Corp. at enron.messaging.administration@enron.com and delete all copies
of the message. This e-mail (and any attachments hereto) are not
intended to be an offer (or an acceptance) and do not create or evidence
a binding and enforceable contract between Enron Corp. (or any of its
affiliates) and the intended recipient or any other party, and may not
be relied on by anyone as the basis of a contract by estoppel or
otherwise. Thank you.

**********************************************************************


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I have attached the latest list (as of 01/13/02 8:30 AM)  of all NETCO Books setup.


Mark, I wanted to make you aware of a DASH that will be circulated in the
next day or so regarding the sale by Enron Canada of its entire interest in
Invasion Energy Inc., a private oil and gas company.  The Canadian subsidiary
of The Wiser Oil Company made an offer to acquire all of the shares of
Invasion as well as the debt owing to ECC and an overriding royalty granted
to ECC by Invasion.  ECC owns approximately 65% of the issued and outstanding
shares of Invasion, has debt outstanding from Invasion in the amount of CDN.
$23 million and the royalty, which is valued at approximately CDN $2.2
million.  The DASH outlines the benefits to ECC of this transaction, which
are significant given that we are realizing an approximate 83% return on our
equity investment and 19% return on the debt.  The total purchase price (for
all shares as well as the Enron debt and Enron royalty) is in the amount,
prior to adjustments, of CDN $53 million.

Other than standard closing risk inherent in any transaction of this nature,
the only real legal risk, which I have identified in the DASH, is regarding
the survival of representations and warranties.  We have mitigated the risk
associated with such survival by:

1.  Restricting the survival period to 6 months following closing
2.  Capping the aggregate liability for all claims to CDN $7 million
3.  Including a requirement that no claim may be made until the aggregate
amount of all claims exceeds CDN $500,000, which amount is then deductible
against all claims made
4.  Making all vendor's obligations several and restricting each vendor's
liability for claims to its proportionate share of such claims
5.  Entering into a separate agreement with the principal shareholders
creating a holdback escrow in the amount of CDN $4 million, which is
proportionately contributed to by such principal shareholders.

I will initial the legal execution line for your execution.

Call me if you would like to discuss this matter further.

Thanks
Greg


We have reservations at Damian's at 7:30.

DAMIEN'S
3011 Smith Street
713-522-0439

Directions fromt he Hobby area:

Take I-45 N toward downtown
Exit number 45 SCOTT ST/ DOWNTOWN
Keep LEFT on the ramp
then go straight to go onto ST. JOSEPH PKWY.
Turn LEFT onto SMITH ST.
10 or 11 blocks to just before the corner of Anita/Smith
restuarant is on your left.

Mark Taylor
Vice President and General Counsel
Enron Wholesale Services
1400 Smith Street - EB3892
Houston, Texas 77008
(713)853-7459
(713)646-3490 (fax)
(713)206-8080 (cell)


Margaret-

I'll get the cookies on Friday.  Can you pick them up Friday night or
Saturday?  I'll need payment for the 6 boxes then, as well as your money for
the first order.

Thanks,

Susan

MPierce446@aol.com on 03/06/2001 11:57:26 PM
To: spereir@ect.enron.com
cc:
Subject: (no subject)

Dear Susan,

Could I please order six more shortbreads?

Thanks,
Margaret Pierce


My apologies for any confusion resulting from my e-mail yesterday.  While the
GTC's must be finished this morning, Legal's revisions to the short and long
descriptions are not due until Friday August 6.  I think it would make sense
for us all to get together to discuss how these work early next week.  I will
ask Taffy to set something up.

Mark


Look forward to participating.  Is there an agenda for the offsite?  I was
wanting to determine if any of my key team members may be invited to attend
certain segments due to areas of interest and/or making contacts across Enron.

Thank you
Meredith


As of 12/28 Power VaR increased by $8.7 MM to $43.7 MM (limit of $50 MM) and
West Power increased by $9.2 MM to $35.8 MM. This increase is mainly
attributable to an addition of a long MidC position of ~1.8 MM Mwhs - a deal
with BPA: Buy 250-360 MWs for the period 2/01-9/01. See the increase in
component VaR in 2001 below (Longs are driving the risk in the portfolio).

Vlady.


-----Original Message-----
From: Punja, Karim
Sent: Thursday, December 13, 2001 2:35 PM
To: Richey, Cooper
Subject: Contact Info

Cooper,

Its been a real pleasure working with you (even though it was for only a small amount of time)
I hope we can stay in touch.

Home# 234-0249
email: kpunja@hotmail.com

Take Care,

Karim.


Hi Jeff -- The West gas desk (Janie Tholt and Mike Grisby) have asked to receive more information about what is going on in the California gas side (for example, updates on the intrastate infrastructure issues, etc.).  Do you mind sending them some periodic updates and ccing our gas group (Leslie Lawner, Becky Cantrell, Melinda Pharms, Jim Steffes, and me)?  Thanks!  Christi


Shirley,

Please, keep an eye on this event to make sure we don't drop the ball for Rusty.

Vince
 -----Original Message-----
From: 	Muzzy, Dolores   On Behalf Of Warner, Traci
Sent:	Friday, July 20, 2001 10:41 AM
To:	Kaminski, Vince J
Cc:	Bosien, Teresa; Warner, Traci
Subject:	Summer Intern Reviews

Summer is quickly drawing to a close for our summer interns.

We have scheduled several departure dates for the interns.  Our records indicate that your summer intern, Russell W. Parks III, is scheduled to return to school on 8/9/01.

We would like to host a performance review session for all interns who are departing during this same week.

The review session for your intern will be held on August 2nd at 10:00 am to 11:30 am in EB 35C2.  Please bring the completed performance feedback form for your intern to this meeting along with any other feedback from your team members that you may have collected.

We will discuss each intern, cross calibrate their individual performances and decide which interns will receive full time offers.

If you are unable to attend this meeting, please contact me at X33242.

Sincerely,

Traci Warner
Director
A/A Recruiting


[IMAGE][IMAGE]

Dear  Amazon Customer,

At the risk  of sounding like a mom, we must say it's been a while since you
paid us a  visit (and shopped using this address). But we have the perfect
reason to  come see us again--our  Mother's  Day Store. Discover great gifts
for all the special moms in your  life, along with extra savings for you
(such as free shipping on Kitchen &  Housewares orders of $99 or more).

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gourmet  cook, a professional or a homebody, you're sure to find that
perfect,  personal gift. Or, for the mom who truly has everything, let her
choose--send a fun e-card with an  Amazon.com  gift certificate.

 Let all  the moms in your life know just how much you appreciate them, and
check out  our  Mother's  Day Store today. (And don't be such a stranger next
time, OK?)

Sincerely,
[IMAGE]
David Risher
Senior Vice President
Amazon.com

[IMAGE]

[IMAGE]

Pick  by Price
??Under  $10
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Is  Your Mom...
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photos of famous mothers and daughters. A  portion of the proceeds even
benefits breast and ovarian cancer  research.
?
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We hope you  enjoyed receiving this message. However, if you'd rather not
receive future  e-mails of this sort from Amazon.com, please visit your
Amazon.com  account page. Under the Your Account Settings heading, click the
"Update your communication preferences" link.

Please note  this e-mail was sent to the following address:
pkeavey@ect.enron.com


Richard,

Here is the power point presentation.  Also, the web address below contains the music we want to use.

<http://www.theadversary.com/music/music.htm>

If you right click on a song and choose Save Target As you can save the songs to a file.

I will see you tomorrow morning at 8 AM.  You can reach me at 713-853-7041(w) or 713-463-8626(h)

Phillip Allen


Before any decision is made, I think we really need to weigh in with EES on
the ramifications (both PR and legislative) of turning back 16,000
residential customers.  I strongly believe that the public hit we will take
will be far greater than our actual out-of-pocket losses.  We will be
crucified by the public, media, consumer groups, legislators, governor,
attorney general, etc.,  and this action will reaffirm our reputation of
packing up and leaving when it's not in our interest.  The impact of this
action would be exacerbated since it is on the heels of UC/CSU.

I would also argue that this hurts our national dereg efforts.  If we're
advocating that competition and choice benefits consumers and then we turn
around and pull out of a market and abandon customers when we're not
"profiting," we'll kill any chances we have of ever serving retail customers
in California -- or in any other state.  We look foolish advocating for
direct access when we're not willing to serve our existing -- let alone
future customers

What about a preemptive strike that engages these 16,000 customers to weigh
in on direct access -- i.e. a letter that says "Enron may be forced to cancel
its contract -- call/write/send the enclosed postcard to your legislator and
tell them you want to keep your right to choose your energy service provider."

Our credibility is on the line.  Before we take this action, we need to be
cognizant of all the long-range strategic implications, and we need to
seriously weigh the negative impact this will have on our corporate
reputation, on our legislative abilities and on our commercial success going
forward.

kd

James D Steffes
04/12/2001 09:05 PM
To: Jeff Dasovich/NA/Enron@Enron, Paul Kaufman/PDX/ECT@ECT, Sandra
McCubbin/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, Janel
Guerrero/Corp/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Karen
Denne/Corp/Enron@ENRON, Susan J Mara/NA/Enron, Peggy Mahoney/HOU/EES@EES,
Harry Kingerski/NA/Enron@Enron
cc: Dan Leff/HOU/EES@EES

Subject: CONFIDENTIAL - Residential in CA

In the meeting today, no decision was made about what to do with Enron's
16,000 residential customers.   Each of the contracts gives a basic 30 day
out right to Enron.

That being said, I think that we have a short window to push for DA before
any public action impacts us in Sacramento.

I realize that the ultimate action (which I think is inevitable) makes it
harder for our advocacy on DA, but real $ are flowing out of the company.

EES will give us notice when a decision is reached.

Thanks,

Jim


i was just playing.  so do you remember what you babbled to me on friday?


I understand you where looking for me the other day. I am assuming it is
regarding Brent's review. It did come up in ESA PRC and I recalled at that
point that I had not provided any feedback. I do not think Brent put me on
his list. I would imagine for you reviewing Brent it might be difficult with
out my feedback.

How do you wish to proceed. We can discuss it verbally of I can fill out a
feedback form your choice.

Thanks

MFG


How ya doin' little buddy?!?

Seriously, I'm not sure how much you may have been involved in the shifting of
futures postions to us here, but we are grateful for the endorsement.  You
personally know how we have believed our facitily and services to be the best
place for your trading activities.

On that note, whom else should I speak with that would be responsible for our
Global relationship within Enron?  I would like to make contact and provide my
support and services.

As always, your friend,

Brian

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J.

Here's the deal


Just a quick note to give you the news.  Brenda and I had a little boy named Donald James Heelan Powell (a.k.a. Jimmy Powell) on Friday, July 27, 2001.

He takes after his old man and has a tremendously large head.  As a result, he had to come out the side door.  Brenda is doing well and recovering amazingly from the C-section.

Jimmy is doing just as well.  If you want to take a look at a funny picture of our little guy (2 days old), go to:

 http://www.infantxpress.com/depot/30026/announcement/003692

It looks like he just caught someone stealing his parachute.

From the Proud Father.


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Attached are the first pictures from my new digital camera.  I am sure you
have little to no interest in them, but I have to send them out to justify
buying the thing.

 <<prague1.zip>>
These were taken in Prague.  I highly recommend visiting the city if you get
a chance.

I am leaving for Lisbon tonight, so with any luck, I should be able to send
out more pictures next week (I know you can't wait).

 Keep in touch.

Later

Jim

 - prague1.zip


In response to the recent Nimda virus alert, it is necessary for all users to log off of their machines when leaving for the day.  The Global Infrastructure team will be canvassing the workstation environment to ensure that all virus definitions are current and up to date.

Thanks for your continued cooperation,

Enron NetWorks Global Technology


Hope you can make it!
 - OpenHouse InviteCG2001.doc


Hi Chris,

Any opinion on the major component question?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/19/2000 03:39
PM ---------------------------

Scott Dieball@ENRON_DEVELOPMENT
10/17/2000 03:44 PM
To: Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Kay Mann/Corp/Enron@ENRON

Subject: GE LM6000/Change Order #2/PSCO

Taking a quick look at the CO I am not sure what are GE's comments.  Do we
have a redline copy showing GE's comments?

I can't remember if I made this comment previously, but are the exhaust
stacks considered "major components" (or whatever the correct defined term is
under the Agreement)  for purposes of delay LD's?  If so, then we need to
revise the CO accordingly.

Also, do we need the defined term "Purchase Amount Increase" in Section 3(b)
in Part II?

Scott

	Enron Engineering & Construction Company
	From:  Kathleen Clark                           10/17/2000 09:21 AM

To: Scott Dieball/ENRON_DEVELOPMENT
cc: Kay Mann/Corp/Enron@ENRON

Subject: Change order #2, PSCO

Scott:

FYI

Kathy
---------------------- Forwarded by Kathleen Clark/ENRON_DEVELOPMENT on
10/17/2000 09:20 AM ---------------------------
To: Dale Rasmussen/HOU/ECT@ECT, Lisa Bills/Corp/Enron@ENRON, Ben
Jacoby/HOU/ECT@ECT, Sheila Tweed/HOU/ECT@ECT, Chris Booth/NA/Enron@Enron,
Kathleen Clark/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Change order #2, PSCO

Is this ok with everybody?  It incorporates GE's latest comments.

Kay


Please see below information on the West Virginia Settlement from Janine
Migden.

---------------------- Forwarded by Ginger Dernehl/HOU/EES on 12/13/99 05:08
PM ---------------------------

Janine Migden
12/13/99 03:57 PM
To: Steven J Kean/HOU/EES@EES, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Scott Stoness/HOU/EES@EES,
Elizabeth Linnell/HOU/EES@EES, Ginger Dernehl/HOU/EES@EES, Lynnette
Barnes/HOU/EES@EES, Susan.R.Lewis@enron.com
cc: Thomas S Reichelderfer/DUB/EES@EES, Barbara A Hueter/DUB/EES@EES, Lara
Leibman/HOU/EES@EES
Subject: West Virginia Settlement

Thom and I have just completed negotiations in West Virginia involving APS,
AEP and other stakeholders.
The settlement, being filed today is a compromise on all the issues and is
the result of negotiations.  Enron was the only marketer involved in the
process.  While we weighed in all the issues, there are a number of items
that but for our persistence would not have been included in the final
agreement.  These items include the following:

1.  Native load language
2.  Competitive metering and billing for industrial and large commercials as
of day one, with other customers following no later than within the next four
years.
3.  Addition of competitive bidding for default service at end of 5 years.
4.  Change from functional separation to a requirement to corporately
separate as soon as possible but no later than within the next five years.
5.  Strong codes of conduct that form the base for more detailed rulemaking.
(A special thanks to Lara Leibman for her assistance).

Below is a summary of the entire settlement:

1.  All customers can exercise choice beginning January 1, 2001.
2.  All utilities including IOU's, munies and coops can opt in.  APS has
committed to opt in whereas AEP is not because it did not get any stranded
cost and it also did not get a guarantee of full recovery of all costs
resulting from the environmental lawsuits against them irrespective of their
financial condition.
3.  Competitive metering and billing as described above.
4.  Generation is deregulated.
5.  PSC continues jurisdiction over implemention, rate unbundling,
reliability, codes of conduct, supplier licensing, construction of
transmission lines and eminent domain authority.
6.  Native load language - Requires utilities to provide service to
affiliated and unaffiliated suppliers only under the applicable distribution
tariffs and proformatransmission tariffs.
7.  RTO's - Each utility must join a FERC approved RTO or its equivlent by no
later than 1/1/03;  best efforts requirement to eliminate pancaking by 1/1/05
if IOU's are in separate RTO's.
8.  Competitive bidding process for  default service customers at end of year
5 for remainder of transition period.
9.  Rate unbundling requirement
10. Rates capped for first 4 years with any FERC change in transmission being
applied as an offset to distribution.
Rates continue to be regulated through the 10th year with the rate gradually
increasing during the second six years for the residential and small
commercial customers.  For the large commercial and industrial customers, the
rate regulation ends 12/31/07.
11.  A rate stabilization deferral fund is created to facilitate the
transition to competition in years 11, 12 and 13, under which APS must
contribute $56.75 million and AEP must contribute $81 million to be used as
an offset to the prices paid by small residential and commercial default
customers.
12.  Large commercial and industrial customers receive for the first 4 years,
rate decreases in an amount to be determined by the Commission for AEP
customers and 3% for APS customers.  The rate decrease is allocated to
distribution.
13.  No stranded costs (either generating or regulatory assets) for AEP or
APS, however APS gets a ten year PURPA surcharge starting at 2.6 mills per
kwh in year one and declining to .75 mills per kwh in the last two years.
14.  Usual licensing requirements.  (AEP fought for the right to have a
second tier of licensing where they would have the ability to certify
marketers but we defeated that).
15. Corporate separation and codes of conduct as described above.
16. Consumer protection and education requirements typically found in other
plans.
17. Low income protection provisions providing a .2 mil surcharge with the
minimum being $.40 and the maximum being $300.
18. Utility worker protection plan.

Below for your information is the plan.

At this point the plan goes to the PSC for approval and then on to the
legislature for a resoulution approving the PSC order.  We expect that AEP
and labor will oppose it, so it will be a close call.

Janine


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Thursday Edition
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Welcome readers,
As many of you no doubt know already, the Homepage virus is spreading quickly
across Asia, Europe, and North America. Fortunately it seems to be fairly
harmless, but it illustrates how easily people can be tricked into opening a
virus. Today I give you a simple tip for preventing infection from a large
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Brief,

You name the time and the place between 2:30 pm Friday January 12th through
12 pm Monday January 15th!

Pres

713-784-8180 h
713-853-0472 w
832-444-7702 m


Christian
I'll fax my comments to you re this in the nest 30 minutes.  After you
receive, call with any questions.
Thanks


Monika, thanks very much for your prompt handling.

 -----Original Message-----
From: 	Causholli, Monika
Sent:	Thursday, October 25, 2001 11:00 AM
To:	Allan, David
Subject:	Pulp Market Summary

 << File: October_Pulp.doc >>

Dave,

Attached is the pulp summary for your meeting with Ray Bowen.

thanks,
Monika


We can date the GISB as of December however, this would in itself not place
the transactions under this paper.  These transactions were previously
papered under GTCs were they not?  Were they rejected for some reason?

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


> Double-click on attachment to see image not so blown-up.
>
>
> >


---------------------- Forwarded by Ross Newlin/ENRON_DEVELOPMENT on
09/27/2000 10:33 AM ---------------------------

Katherine Padilla
09/27/2000 08:59 AM
To: Ross Newlin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Cecilia Ramirez/NA/Enron@ENRON

Subject: ORG Chart

For your files...
---------------------- Forwarded by Katherine Padilla/ENRON_DEVELOPMENT on
09/27/2000 09:01 AM ---------------------------

Barbara Harrison@ECT
09/22/2000 09:44 AM
To: Katherine.Padilla@enron.com
cc: Ross Newlin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: ORG Chart

Katherine,

I am unsure of the direction Ross would like for me to take with the Central
Office (Purchasing & Maintenance).  As you will see I have one ORG for all
people associated with New Albany.  If Ross would like for it to be listed as
two, let me know and it will be no problem to generate the second chart.  Let
me know if I can be of anymore help.

Barbara


UPDATE ON GRAEME WHITE

We are pleased to be able to give you a progress report on the condition of Graeme White who was injured in Wednesday's explosion at Teesside Power Station.  Graeme has now been moved from the Intensive Care Unit at Middlesbrough General Hospital to Ward 46 - a specialised skincare unit - where he is receiving treatment for burns.  He has been able to open his eyes now and is taking food.  His condition is still described as "stable".

Please don't send flowers, but cards and messages for Graeme will be welcome.  They should be sent to the address below or c/o Julie Webster at Enron's Stockton office who will ensure they are promptly delivered.

Graeme was visited last night by Jeff Skilling and Brian Stanley and they also met members of his family.  Other colleagues planning a visit should contact Julie Webster (+44 1642 623004) or Graham Moore (+44 1642 442133) who are coordinating the program.

Address for cards and messages:

Graeme White
Ward 46
Middlesbrough General Hospital
Ayresome Green Lane
Middlesbrough  TS5 5AZ
UK

Julie Webster
Enron Power Operations Ltd.,
Merchants Wharf
Westpoint Road
Stockton on Tees
Cleveland TS17 6BF
UK

With thanks,
Steve Roy


CR [aka conference room] 5C1.  I know they are in the Allen Center.  I'm just
damn smart, that's all.

From: Suzanne Adams@ECT on 08/23/2000 01:39 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM
CDT)

Where do you see that room?  I saw no room information yet.

	Kay Mann@ENRON
	08/23/2000 01:30 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Re: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM
CDT)

The room is 3AC5C1, according to this email.  I didn't check to see what it
was before.

From: Suzanne Adams@ECT on 08/23/2000 01:29 PM
To: Kay Mann/Corp/Enron@ENRON
cc:

Subject: Re: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM
CDT)

I've changed it on your calendar.  I suppose it's in the same room.

	Kay Mann@ENRON
	08/23/2000 01:26 PM

		 To: Suzanne Adams/HOU/ECT@ECT
		 cc:
		 Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

This replaces the meeting scheduled for 400 tomorrow.
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/23/2000 01:26
PM ---------------------------

John.Normand@enron.com@enron.com on 08/23/2000 11:47:29 AM
Sent by: Arlene.Chapman@enron.com
To: Mitch.Robinson@enron.com, Kay.Mann@enron.com,
John.Schwartzenburg@enron.com, Scott.Dieball@enron.com, Bob.Greene@enron.com,
Dennis.Alexander@enron.com, Brian.D.Barto@enron.com, Gavin.Gaul@enron.com,
Mark.Dobler@enron.com, Ross.Newlin@enron.com
cc:

Subject: Invitation - Westinghouse/Gleason iss (08/24/2000 12:30:00 PM CDT)

  (superscript: New meeting request from John Normand)

                08/24/2000 12:30 PM Local Time
                08/24/2000 02:00 PM Local Time

  Title:        Westinghouse/Gleason issues CR#5C1 - Lunch served
  (J.Normand, M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene,
  D.Alexander, B.Barto, G.Gaul, M.Dobler, R.Newlin))
  Location:     -No room information available-

  Chair:        John Normand/ENRON_DEVELOPMENT

  To (required):   Mitch Robinson/Corp/Enron
  cc (optional):

     John Normand/ENRON_DEVELOPMENT wants you to attend a meeting.

On        08/24/2000 12:30:00 PM CDT
For       1 hour 30 minutes
With:          John Normand/ENRON_DEVELOPMENT (Chairperson)
          Mitch Robinson/Corp/Enron (Invited)
          Kay Mann/Corp/Enron (Invited)
          John Schwartzenburg/ENRON_DEVELOPMENT (Invited)
          Scott Dieball/ENRON_DEVELOPMENT (Invited)
          Bob Greene/ENRON_DEVELOPMENT (Invited)
          Dennis Alexander/ENRON_DEVELOPMENT (Invited)
          Brian D Barto/ENRON_DEVELOPMENT (Invited)
          Gavin Gaul/ENRON_DEVELOPMENT (Invited)
          Mark Dobler/NA/Enron (Invited)
          Ross Newlin/ENRON_DEVELOPMENT (Invited)

   Westinghouse/Gleason issues CR#5C1 - Lunch served (J.Normand,
M.Robinson, K.Mann, J.Schwartzenburg, S.Dieball, B.Greene, D.Alexander,
B.Barto, G.Gaul, M.Dobler, R.Newlin))


APX's presentation about purchasing transmission rights over constrained
flowgates.  Discussed at Dynegy last week and to be presented to FERC on May
24 by APX.
---------------------- Forwarded by Christi L Nicolay/HOU/ECT on 05/18/2000
11:31 AM ---------------------------

"Edward G. Cazalet" <ed@apx.com> on 05/17/2000 07:06:11 AM
Please respond to <ed@apx.com>
To: <mado@dynegy.com>, <jdauphinais@consultbai.com>,
<David.a.cheshire@exxon.com>, <erobertson@lrklaw.com>, <KING@KMLAW.COM>,
<skroger@mdck.com>, <ringersoll@enron.com>, <cnicola@enron.com>,
<jhughes@elcon.org>, <janderson@elcon.org>, <mbennett@epsa.org>,
<pete.frost@usa.conoco.com>, <neil_compton@praxair.com>, <webstet@basf.com>,
<joe_marone@oxy.com>, <ed.marlovits@airliquide.com>,
<rpoponyak@cfindustries.com>, <srandazzo@MWNCMH.COM>, <MKSC@dynegy.com>,
<JJST@dynegy.com>, <JJHA@dynegy.com>, <"Kathy
Patton.Illinois_Power"@dynegy.com>, <jverna@apx.com>,
<gjramon.tecoenergy@dynegy.com>, <DNKE@dynegy.com>, <JJST@dynegy.com>,
<Christian_lenci@praxair.com>, <rday@apx.com>, <JDNE@dynegy.com>,
<VAPR@dynegy.com>, <pges@dynegy.com>, <DAKI@dynegy.com>, <chrm@dynegy.com>,
<GTBL@dynegy.com>, <james_fuhrmann@illinova.com>, <"Kevin
Shipp.Illinois_Power"@dynegy.com>
cc:
Subject: RE: Notes from May 11th LMP Meeting

Following up on the May 11 meeting, attached are:

1. The notes I used in the May 11 meeting.

2. A copy of the Feb 1 Public Utilities Fortnightly article.(zipped)

We will be working on a presentation at our TF# 1 meeting today in Houston.

Regards, Ed

========================
Edward G. Cazalet, Ph.D.
Chairman
Automated Power Exchange, Inc.
TechMart Building, Suite 522
5201 Great America Parkway
Santa Clara, CA  95054
Company Voice : (408) 517-2100
Direct Voice :(408) 517-2102
Cell : (408) 230-0560
Fax: :(408) 517- 2985
E-Fax (603) 687-5410
E-mail : ed@apx.com
Web Page: www.apx.com

-----Original Message-----
From: mado@dynegy.com [mailto:mado@dynegy.com]
Sent: Monday, May 15, 2000 2:52 PM
To: jdauphinais@consultbai.com; David.a.cheshire@exxon.com;
erobertson@lrklaw.com; KING@KMLAW.COM; skroger@mdck.com;
ringersoll@enron.com; cnicola@enron.com; jhughes@elcon.org;
janderson@elcon.org; mbennett@epsa.org; ed@apx.com;
pete.frost@usa.conoco.com; neil_compton@praxair.com; webstet@basf.com;
joe_marone@oxy.com; ed.marlovits@airliquide.com;
rpoponyak@cfindustries.com; srandazzo@MWNCMH.COM; MKSC@dynegy.com;
JJST@dynegy.com; JJHA@dynegy.com; "Kathy
Patton.Illinois_Power"@dynegy.com; jverna@apx.com;
gjramon.tecoenergy@dynegy.com; DNKE@dynegy.com; JJST@dynegy.com;
Christian_lenci@praxair.com; rday@apx.com; JDNE@dynegy.com;
VAPR@dynegy.com; pges@dynegy.com; DAKI@dynegy.com; chrm@dynegy.com;
GTBL@dynegy.com; james_fuhrmann@illinova.com; "Kevin
Shipp.Illinois_Power"@dynegy.com
Subject: Notes from May 11th LMP Meeting

From: Mary Doyle@NGCCORP on 05/15/2000 04:51 PM

To:   jdauphinais@consultbai.com, David.a.cheshire@exxon.com,
      erobertson@lrklaw.com, KING@KMLAW.COM, skroger@mdck.com,
      ringersoll@enron.com, cnicola@enron.com, jhughes@elcon.org,
      janderson@elcon.org, mbennett@epsa.org, ed@apx.com,
      pete.frost@usa.conoco.com, neil_compton@praxair.com, webstet@basf.com,
      joe_marone@oxy.com, ed.marlovits@airliquide.com,
      rpoponyak@cfindustries.com, srandazzo@MWNCMH.COM, Matt K
      Schatzman/NGCCorp@NGCCorp, John J Stauffacher/NGCCorp@NGCCorp, Kent
      Wheatland/NGCCorp@NGCCorp, Jolly Hayden/NGCCorp@NGCCorp, Kathy
      Patton@Illinois_Power@NGCCorp, jverna@apx.com, gjramon@tecoenergy,
David N
      Keane/NGCCorp@NGCCorp, John J Stauffacher/NGCCorp@NGCCorp,
      Christian_lenci@praxair.com, rday@apx.com, Joel
Newton/NGCCorp@NGCCorp,
      Vann Prater/NGCCorp@NGCCorp, Peter Esposito/NGCCorp@NGCCorp, Dan
      King/NGCCorp@NGCCorp, Chris Moser/NGCCorp@NGCCorp, Gregory T
      Blue/NGCCorp@NGCCorp, james_fuhrmann@illinova.com, Kevin
      Shipp@Illinois_Power
cc:
Subject:  Notes from May 11th LMP Meeting

For those of you who attended and for those of you who couldn't but are
interested in what transpired, I've attached notes from the meeting.  Thanks
for
all your interest.  We feel Thursday was a very positive meeting, but there
is
plenty of work ahead.

(See attached file: Notes from the May 11th LMP Meeting.doc)

  Mary J. Doyle
   Director of Regulatory Policy
   Dynegy, Inc.
   Phone: 202.216.1121
   Fax:       202.842.0122

 - Alternatives to LMP Notes EGC.doc
 - apx.zip


---------------------- Forwarded by Mary Hain/HOU/ECT on 01/31/2001 02:01 PM
---------------------------

Mary Hain
01/30/2001 02:38 PM
To: scott.miller@ferc.fed.us
cc:
Subject: ISO problems

At your request, here's a write-up of our problems with the ISO.

Issue 1 - Concerning the intertie going North out of California into the
Northwest (NW) at the California Oregon Border (COB), since about the 24th of
January, the ISO has started telling market participants that the available
transmission capacity, which is usually 2300 MW, is zero.  Last Friday, this
caused prices to increase at the Mid-Columbia (NW trading hub) by about
$50-75, costing the NW wholesale market an estimated $2-5 million per day.
This transmission capacity is within the ISO's control and, because capacity
is available, the ISO's actions seem to violate Order No. 888.  I also wonder
what would happen if another control area decided they were going to take
similar action.  This hurts Enron financially because we own FTRs and if
there is no congestion, we don't get paid anything.  This is like "economic"
force majeure.  The reason the ISO is listing zero ATC is that they're in a
Stage 3 Emergency and they're not offering sufficient price/credit terms to
get the power they need.  California obviously thinks its power needs are
more important than the NW's.

Issue 2 - We have transmission we are purchasing from some California munis
using transmission facilities that are not part of the Cal ISO.  The ISO
advised today that they are thinking about cutting exports from California.
We are concerned that the ISO will cut our transaction even though it uses
transmission assets and rights that are not under the ISO's control.  If our
deal were cut, it could cost us $20,000 to $100,000 per hour (we have a 125
MW deal and spreads now are $125 and they would likely blow out more if
exports were cut).   We hesitate to call the ISO and ask if they are going to
cut us because we are afraid we might suggest something that they haven't
thought of.

I'd be happy to answer any questions.  I'm at (503) 464-8862.


Here's the latest info. regarding Bloomberg's ability to accept deals with
Pinnacle West (formerly Arizona Public Service Co.). From now on, we'll enter
ALL deals with Pinnacle, despite Bloomberg's slow response to the
counterparty name change. If you never knew that Bloomberg wasn't accepting
confirms with the name Pinnacle on them, then disregard this message and
continue as you were.

Thanks,
Kate
---------------------- Forwarded by Kate Symes/PDX/ECT on 04/26/2001 12:05 PM
---------------------------

Evelyn Metoyer@ENRON
04/26/2001 12:03 PM
To: Kate Symes/PDX/ECT@ECT
cc: Rhonda L Denton/HOU/ECT@ECT

Subject: Bloomberg-Pinnacle/APS deals

Rhonda Denton has just informed me that all deals according to Michele
Chalmers with Pinnacle West  should be traded with the counterparty as
Pinnacle West not Arizona Public Service.  No deals should be under Arizona
Public just because Bloomberg is having problems or what ever re-doing the
contract.

From this day forward please tell all our guys to please choose Pinnacle West
not Arizona regardless of what Bloomberg says.  If they have any questions
please have them contact Rhonda Denton at 853-5871 or Michele
Chalmers(Pinnacle West) at 602-250-3824.

Thanks!
Evelyn


fyi.

Extraordinary (Special) Session Rules and Procedures
Call of Special Session:
Only the Governor has the authority to convene a special session of the Legislature. In convening the session, the Governor must issue a proclamation outlining the reasons for the special session, and only issues specified in the proclamation may be acted upon.
Election of Special Session Officers, Committees and Bill Referrals:
The election of officers and the appointment of special session committees are separate from the Legislature's regular session. In some instances, special session committees are comprised of different committee members than those appointed to regular session committees.
Identification of Special Session Bills and Publications:
Separate record-keeping publications (File, History, Journal and Roll Call) are printed for each individual extraordinary session. Special session bills are identified by specific paper colors (i.e. blue or green). For example, documents in the 2001 Second Extraordinary Session are printed on green paper.
Introduction of Special Session Bills:
There is no limit to the number of bills that a member of the Legislature may introduce during the extraordinary session, and none of the bills introduced during the extraordinary session count toward the member's bill limit in the Regular Session.
Special Session Bill Procedures and Calendars:
There is no bill introduction deadline during special sessions, and the "30-day in print" rule and committee file notice requirements do not apply. Special session bills also are not subject to the regular legislative session calendar, committee and/or floor deadlines. The sine die deadline requiring session to adjourn on November 30 of the second year of a legislative session does apply to the Special Session.
Effective Date of Special Session Legislation:
Simple majority vote special session bills take effect on the 91st day after the special session is adjourned. Urgency measures and other two-thirds majority-vote bills take effect immediately upon the Governor's signature. The Governor has 12 days from the date it is received on his desk to sign or veto legislation. Similar to the Regular Session, a special session bill may become law without the Governor's signature.
End of Special Session:
Only the Legislature, by concurrent resolution, may end a special session. The concurrent resolution takes effect upon passage by both houses of the Legislature, and is not subject to a Governor's signature or veto.


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am i still invited? How was your holiday?

 -----Original Message-----
From: 	Vuittonet, Laura
Sent:	Wednesday, January 02, 2002 10:01 AM
To:	Bass, Eric; Baumbach, David; Bryan, Gary; Buss, Jd; Denetsosie, Troy; Farmer, Daren J.; Knippa, Mark; Larubbio, Morris; Martin, Thomas A.; Olsen, Michael; Parks, Joe; Redmond, Brian; Schwieger, Jim; Weldon, V. Charles
Subject:	FW: Weather Class

 -----Original Message-----
From: 	Moore, Kevin G.
Sent:	Wednesday, January 02, 2002 9:45 AM
To:	Roberts, Mike A.; Kaminski, Vince J; Shively, Hunter S.; Villarreal, Alex; Rangel, Ina; Rybarski, Amanda; Hillis, Kimberly; Stevens, Adam; Marquez, Jose; Hillis, Kimberly; Young, Becky; Vuittonet, Laura
Subject:	FW: Weather Class

Please note:
Weather Class will begin at 10:15 today.
Sorry for the delay however, please be present.

Assistants please forward .............

Thanks
Kevin Moore

 -----Original Message-----
From: 	Moore, Kevin G.
Sent:	Wednesday, January 02, 2002 8:58 AM
To:	Roberts, Mike A.; Kaminski, Vince J; Bennett, Stephen; Shively, Hunter S.; Villarreal, Alex; #99 Tech Support,; Rangel, Ina; Rybarski, Amanda; Hillis, Kimberly; Stevens, Adam; Marquez, Jose
Subject:	FW: Weather Class

Good morning All ,

The Research Weather Team will be presenting a new Weather Class. (Today)

The Class will be conducted on Wednesdays  at 10: a.m. in room ECS-06980.

The Speaker/Teacher today will be Stephen Bennett.

Please join us.......

Assistants : Please forward to your groups..

Everyone is invited.

                                                                       Thanks
                                                                    Kevin Moore


---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
09/20/2000 07:59 AM ---------------------------

"Michael Gagliardi" <mggagliardi@duke-energy.com> on 09/20/2000 07:18:20 AM

To:   DGagliardi@reliantenergy.com, Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #89

Tony, give me a call, (713) 260-8503.
---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 09/20/2000 07:27 AM
---------------------------

TruOrange@aol.com on 09/19/2000 11:31:15 PM

To:   TruOrange@aol.com
cc:    (bcc: Michael Gagliardi/Hou-ComOps/EnergyTrading/PEC)
Subject:  True Orange Fax/E-Mail #89

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #89, Tuesday, September 19, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

Simms Working as First Team QB; Horns Get Pledge from Tyler DB

Sophomore QB Chris Simms worked with the first team during Tuesday's
practice, and, if past practices mean anything, that is a pretty good sign
that he will start Saturday night against Houston.
Simms worked with the first team prior to the opening game and he got the
start. Junior Major Applewhite worked with the first team prior to the
Stanford game and he got the start.
Coach Mack Brown won't say who will start at quarterback, but it doesn't
make
a lot of sense to have your starting QB working with the second team, so it
looks like Simms will get his second start Saturday. Simms is more mobile
than Applewhite, who underwent off-season knee surgery, and he also led the
Horns to their first touchdown Saturday at Stanford, despite only getting
14
snaps to Applewhite's 58. Applewhite led the Longhorns to their other two
touchdowns, but they were both in the fourth quarter.
Brown also said he has told his players and coaches that the Texas fans who
are being super critical of the team on the internet and on radio talk
shows
"are hurt. That's the way we feel, too. Our players are hurt and our
coaches
are hurt. None of us want to lose and it hurts us to go that far and play
that hard and still lose because of mistakes at critical times."
But he said the coaches and players are working hard to get the offense
rolling again and shore up the punting team after Stanford scored a
touchdown
on a blocked punt.
Brown said he was amazed at some critics who said the team was lining its
punter up shorter than usual. "He's 13 yards back, just like every other
team
in the country, and we try to get the punt off in 2.1 seconds or less. He
got
the one that was blocked off in 1.9 seconds, but a kid who blocked it
perfectly on the other 11 punts let his guy come through untouched, and it
got blocked."
The Longhorns may have some other punts blocked, but my sources tell me
Brown
chewed so hard on the kid who let the guy through that he will never make
that same mistake again.
Folks, I guarantee you Brown, his assistants and his players are more upset
than any of you over the happenings at Palo Alto and they are working hard
this week to correct things. Remember, the guy the stadium was named after
was a great coach and he had two perfect seasons in 20 years at Texas.
Bobby
Bowden is a pretty good coach, too, and his perfect season at Florida State
last year was his first one.
TB Hodges Mitchell was lining up deeper than usual against Stanford, and
the
coaches have corrected that. Brown also said backup TB Victor Ike will play
more Saturday than he has been playing, and he said redshirt freshman Kenny
Hayter also might see considerable action. "We're going to play as many as
it
takes," Brown said. "We have to get our running game going better."
He also said LG Derrick Dockery might be able to return to full-time duty
Saturday. He has been able to play on sparingly after being hospitalized
for
an infected cyst. "That would help us a lot," he said. "Derrick is one of
our
top offensive linemen."
Defensive coordinator Carl Reese also said redshirt freshman Dakarai
Pearson
will start at strong safety Saturday in place of Lee Jackson, who  has a
pulled hamstring and will miss the Houston game.
Reese said Pearson has a lot of talent, but he said Jackson's experience
will
be missed.
Reese also said he will look at freshman Nathan Vasher and juniors Ahmad
Brooks and Ervis Hill to replace Pearson in the Longhorns' nickel and dime
packages. He said the team will play with five and six defensive backs a
lot
Saturday "because Houston will throw it about 50 times."
* * * *
ANOTHER RECRUIT COMMITS: Texas has 16 commitments now after getting a
pledge
from Tyler CB Aaron Ross, 6-1, 182, 4.42. Ross had offers from Alabama,
Arkansas, Baylor, LSU, Oklahoma, Texas A&M and others, but said he
committed
to Texas "because I've always been a Longhorrn fan, and I really like the
Texas coaches." He said Darryl Drake and Everett Withers were the two Texas
coaches who recruited him, and he said Withers, the Texas secondary coach,
came to see him play in his second game this season. He is a big, fast
corner
with long arms, but don't look for him to get many interceptions this year
because he hasn't had a pass thrown in his direction all year because he is
so good at tight man-for-man coverage.
* * * *
My next fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number

- 1-900-288-8839
- frequently with recruiting news. My E-Mail
address is: truorange@aol.com


will do.

Mona L Petrochko
09/14/2000 06:08 PM
To: Jeff Dasovich/SFO/EES@EES
cc:
Subject: Re: WGA Weekly Schedules for 9/11-9/15/2000

that's alright.  I forgot about Sandi's vacation.  Go ahead.

Jeff Dasovich
09/14/2000 03:27 PM
To: Mona L Petrochko/SFO/EES@EES
cc:
Subject: Re: WGA Weekly Schedules for 9/11-9/15/2000

can you talk to sandi?  she's on vacation beginning on monday.  the idea was
that she and i should get together before she left (based on the call we had
where Rick and Paul put the ball in my and sandi's court to coordinate the
strategy).  she suggested that it would also be a good idea to grab whoever
was here tomorrow, too.  it's really just a prelim meeting to discuss the
note that sandi sent around and for me to bounce a few ideas off of her.
we'll be having many, many more, and nothing discussed in tomorrow's "kick
off" will set anything in stone.  that said, if you prefer that we wait,
that's ok with me.

Mona L Petrochko
09/14/2000 03:30 PM
To: Jeff Dasovich/SFO/EES@EES
cc:
Subject: WGA Weekly Schedules for 9/11-9/15/2000

ARM is having a full-day off-site tomorrow.  If you are going to be having a
meeting w/ GA folks on strategy development for next year, I would like to be
able to participate.
---------------------- Forwarded by Mona L Petrochko/SFO/EES on 09/14/2000
01:26 PM ---------------------------

	Joseph Alamo
	09/11/2000 03:40 PM

To: California Government Affairs, Paul Kaufman/PDX/ECT@ECT, Marcie
Milner/Corp/Enron@ENRON
cc: Lysa Akin/PDX/ECT@ECT, Ginger Dernehl/NA/Enron@Enron
Subject: WGA Weekly Schedules for 9/11-9/15/2000

Government Affairs
Weekly Schedules
September 11-15, 2000

Paul Kaufman

Mon, 9/11 Travel to Washington DC/Ritz Carlton Tyson,s Corner
Tues, 9/12 GA Meetings ) Washington DC/Ritz Carlton Tyson,s Corner
Wed, 9/13 GA Meetings ) Washington DC/Ritz Carlton Tyson,s Corner
Thurs, 9/14  Carson City, Reno NV
Fri, 9/15  Sacramento for Meetings with SMUD/TANC or Portland (TBD)

Sue Mara

Mon, 9/11 Travel to Washington DC/Ritz Carlton Tyson,s Corner
Tues, 9/12 GA Meetings ) Washington DC/Ritz Carlton Tyson,s Corner
Wed, 9/13 GA Meetings ) Washington DC/Ritz Carlton Tyson,s Corner
Thurs, 9/14 San Francisco Office
Fri, 9/15  San Francisco Office; ARM Meeting (9:00 - 11:00 AM)

Mona Petrochko

Mon, 9/11 San Francisco Office ) am; Travel to DC, pm
Tues, 9/12 GA Meetings ) DC/Ritz Carlton Tyson,s Corner
Wed, 9/13 GA Meetings ) DC/Ritz Carlton Tyson,s Corner
Thurs, 9/14  San Francisco Office ) am; Travel to DC, pm
Fri, 9/15  ARM Meeting (offsite) (9:00 ) 11:00 AM)

Jeff Dasovich

Mon, 9/11 San Diego for Congressional Hearing w/S. Kean
Tues, 9/12 San Diego - Appearing at FERC Hearing
Wed, 9/13 San Francisco Office
Thurs, 9/14 San Francisco Office - Meeting with LECG re: Study on Competition
vs. Command and Control
Fri, 9/15  San Francisco Office

Sandi McCubbin

Mon, 9/11 San Francisco Office
Tues, 9/12 Travel to Washington DC/Ritz Carlton Tyson,s Corner
Wed, 9/13 GA Meetings ) DC/Ritz Carlton Tyson,s Corner
Thurs, 9/14 San Francisco Office
Fri, 9/15  San Francisco Office

Marcie Milner

Mon, 9/11 Phoenix Office
Tues, 9/12 Travel to Washington DC/Ritz Carlton Tyson,s Corner
Wed, 9/13 GA Meetings ) DC/Ritz Carlton Tyson,s Corner
Thurs, 9/14
 day Travel to Phoenix Office
Fri, 9/15  Phoenix Office


Mr. Rogers,
Just to quickly address your questions in advance of our call in the
morning, I offer the following:

1.  The debt amount contemplated was based on assumptions given by Enron.
The rate given was $375 /kW or $120MM in debt.  This would be obtained via
a 144A Bond offering without any subdebt.

2.  There are three operating fees listed in the proforma currently:
Management fee ($600k/yr) to the Owners as contracted, O&M Fee ($300k/yr)
to the Operator contemplated to be TECO Power Services ("TPS") and the TPS
Parts Company for a spare engine.  The TPS Spare engine may be eliminated
provided we can get comfort via other methods.  The financing fees were
estimates based on discussions with Enron and our engaging CSFB.

3.  The Maintenance Reserve account is accrued based on operating hours of
the plant and planned major maintenance, as estimated by TPS (the O&M
Operator).  This reserve may be eliminated as we currently are estimating
that this plant will never reach a major outage.

I look forward to discussing these issues with you in the morning.

Regards,
Patrick Smith
TM Power Ventures


Dear Power Outage Database Customer,

Attached you will find an excel document. The outage contained within is
a
rescheduled outage. Your daily delivery will still contain this
outage.

In addition to the excel document, there is a dbf file that is formatted
like your daily delivery you receive nightly. This will enable you to
load the data into your regular database. Any questions please let me
know.
Thanks.

Greg Elliott
IIR, Inc.
713-783-5147 x 3481
outages@industrialinfo.com

THE INFORMATION CONTAINED IN THIS E-MAIL IS LEGALLY PRIVILEGED AND
CONFIDENTIAL
INFORMATION INTENDED ONLY FOR THE USE OF THE INDIVIDUAL OR ENTITY NAMED
ABOVE.  YOU ARE HEREBY NOTIFIED THAT ANY DISSEMINATION, DISTRIBUTION, OR
COPY OF THIS E-MAIL TO UNAUTHORIZED ENTITIES IS STRICTLY PROHIBITED. IF
YOU HAVE RECEIVED THIS E-MAIL IN ERROR, PLEASE DELETE IT.

 - 101601R.xls
 - OUTAGE.dbf


The report named: East P/L Totals <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=1&report_name=East+P/L+Totals&category_cd=1&category_name=EAST&toc_hide=1&sTV1=1&TV1Exp=Y&current_efct_date=10/29/2001>, published as of 10/29/2001 is now available for viewing on the website.


Many thanks.

TC

	Enron North America Corp.

	From:  Tana Jones                           04/11/2000 02:05 PM

To: Tobin Carlson/HOU/ECT@ECT
cc:
Subject: Re: Limits

I have a letter on its way to Mike Moscoso right now (interoffice mail).  We
requested 5000 for nat gas any one month, but were only approved for an
additional 2000.  So we went from 15,000 to 17,000.

Welcome back!