Soaring Electric Use More Fiction Than Fact
Chronicle investigation finds power companies manipulate data to excuse their
towering rates Christian Berthelsen, Scott Winokur, Chronicle Staff Writers
Sunday, March 11, 2001
,2001 San Francisco Chronicle
URL:
http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2001/03/11/M
N213155.DTL

Power companies say it so often, and with such certainty, that it has become
a virtual mantra: "Skyrocketing" energy use by Californians is a root cause
of the state's power crisis, and justification for surging electricity
prices.
But a computer analysis of electricity usage data by The Chronicle reveals
that the mantra is a myth -- that overall growth in electricity demand hasn't
been nearly as great as the industry portrays it.
The industry has painted the summer of 2000 as the equivalent of a 100-year
storm in meteorology -- an event so powerful and unexpected that the existing
infrastructure was devastated by its force.
The statistics show that 2000, taken in total, was nothing of the sort.
Moreover, two independent state agencies' assessments of California's power
plant capacity appear to show that the growth should have been easily
accommodated.
The companies have defended their practice of increasingly taking power-
generation plants out of service by arguing that heavy demand and consequent
plant usage necessitated major, time-consuming repairs.
"The claims that demand growth is rampant and that it was totally unexpected
and due to the Internet economy, to Silicon Valley, or server farms,
or people recharging cell phones -- that's bogus," said Tom Kelly, assistant
executive director of the California Energy Commission. "About as bogus as
you can get."
The Chronicle's findings are based on data collected by the California
Independent System Operator, a manager of the state's electricity grid. They
show:
-- Total electricity consumption in California increased only 4.75 percent in
2000 from 1999, a sharp contrast to claims of industry representatives, who
have repeatedly relied on isolated, loose or selective comparisons that make
growth appear as high as 20 percent. In fact, the single greatest hour of
electricity usage in 2000 was actually lower than any peak demand period in
1999 or 1998.
-- Average peak demand -- the average of the highest hour of electricity
usage for each day -- increased only 4.79 percent from 1999 to 2000. Even
during the months of May to September in 2000, when the greatest spikes in
electricity usage occur, demand growth was only 8.31 percent higher than the
same period the year before.
-- More than 30 days of critical power shortage warnings, so-called Stage 3
emergencies, and two days of blackouts this year occurred at times of
moderate energy use -- levels often below those at which neither warnings nor
blackouts have occurred in the past.
The findings appear to buttress suspicions that the "skyrocketing demand"
explanation for rising energy prices is a cover for what is really happening
--
that power companies have simply started charging more for an essential
commodity, regardless of whether it is in short supply.
Presented with The Chronicle's findings, Gary Ackerman, a representative for
the Western Power Trading Forum, a trade group representing power companies,
said the calculations support the industry position that electricity demand
is growing strong.
"That's pretty healthy growth for California as opposed to the long-term
historical average, which is close to 2 percent," he said. "To me, that's
really strong growth."
Energy demand is certainly on the rise in California -- growth of more than 4
percent is still double what was projected -- and the state has obviously
fallen behind in building power plants.
Even though a recent study found California ranked 47th out of the 50 states
in per-capita energy consumption, the surging demand explanation has become
so accepted that leading officials accept it as gospel. Gov. Gray Davis has
made energy conservation -- 10 percent, at that -- a centerpiece of his
efforts to solve the crisis.
"Energy use is growing," said state Sen. John Burton, D-San Francisco, citing
the growth of Silicon Valley and high-tech operations statewide. "There's
been tremendous growth, whether manufacturing or high tech -- cell phones,
faxes, whatever. The stuff is growing."
Yet the energy industry has been steadfast in its insistence that the
consumer is largely to blame. In testimony and submissions to government
bodies considering prescriptions for the crisis, energy demand growth has
consistently been overstated.
Joe Bob Perkins, the chief operating officer of Houston-based Reliant Energy
Inc., told the U.S. Senate in January that California's growing economy and
high summer temperatures caused electricity use to "surge dramatically" -- a
demand growth of 13 percent.
Richard Wheatley, a spokesman for Reliant, said Perkins' testimony was based
on estimates by the federal Energy Information Administration of monthly
retail electricity sales.
"We do stand by that," Wheatley said. "Unfortunately, it does not track with
ISO data."
The industry-backed Edison Electric Institute said in a report that
electricity demand grew by anywhere from 5 percent to 21 percent during the
spring of 2000, compared with the same period a year earlier.
Russell Tucker, an economist for the institute, said the group's figures were
derived by identifying the single highest hour of electricity demand for each
spring month of 1999 and 2000 and comparing them, finding the May peak rose
21 percent.
Granted, the state Energy Commission uses the same model to determine whether
California has enough plant capacity to meet demand. But the presentation
makes it appear that overall demand, not just the absolute peak, is growing
by 21 percent. When the peak of each day is averaged and compared from year
to year, May's figure was much lower: 12.79 percent.
Also, nowhere did Edison's report note that the peak hour of 2000, a load of
43,784 megawatts on Aug. 16, was actually lower than the peak hours of either
of the previous two years -- 45,884 on July 12, 1999, or 44,406 on Sept.
1, 1998.
The Chronicle analysis of average peak demand showed that no month last year
grew more than June's 15.34 percent, though no blackouts occurred in that
month. May and June were the only months when demand growth exceeded 10
percent, the analysis showed. Most months recorded 4 percent or 5 percent,
and some -- such as September -- were less than 3 percent.
Two months, October and December, had demand levels lower than the year
before -- 4.22 percent less for October, 1.46 percent lower for December.
Mike Florio, a consumer lawyer and board member of the ISO, said that even
growth of less than 5 percent from 1999 to 2000 would seem overstated, since
1999 was a relatively mild weather year and 2000 was a much hotter one. "You
are quite right," Florio said. " 'Skyrocketing' demand is a myth."
MARKET MANIPULATION?
Consumer representatives and some politicians have long suspected that,
rather than dire imbalances between supply and demand, market manipulation is
behind the crisis.
Generators and power marketers adamantly deny this, saying they have done
everything they could to keep the lights on. They say they ran aging,
decrepit plants at higher-than-normal levels last summer to accommodate what
they described as unprecedented demand. They also say that, at great expense,
they delayed much-needed maintenance in order to keep the power flowing.
Their claims have received some support from the Federal Energy Regulatory
Commission, which said in a report last month that it found no evidence power
companies were using maintenance schedules to manipulate supply. The report,
however, was heavily qualified by the FERC, which said it did not investigate
other forms of manipulation. Moreover, the agency acknowledged that the bulk
of its investigation was conducted by simply calling power plants and
questioning them over the telephone.
The supply side of the energy equation is harder to penetrate, in part
because supply data are confidential. Thus, the question of how blackouts
could have occurred at such low levels of demand in January is hard to
answer. What is clear is that, at times, during the crisis this year, as much
as 12, 000 megawatts of electricity supply have been unavailable for use,
mostly because of unplanned plant outages -- about four times the level
anticipated by the ISO.
Power companies say the old plants they bought were not capable of producing
to the levels sketched out by the ISO and the Energy Commission, and that
everything from low water conditions, emissions limitations and high
temperatures last year caused less energy to be available than was
anticipated.
But others suggest that what began as a shortage caused by a withholding of
supply to drive up price has turned into one caused by withholdings out of
fear of not being paid.
What did go up, unquestionably, were wholesale electricity prices.
While average electricity usage during the heaviest hours last year increased
by less than 5 percent, prices charged by power companies to the utilities
that deliver juice to consumers increased more than 289 percent.
In June, the cost of a megawatt hour increased more than fivefold, going from
the 1999 level of $30.53 to $170.60. In October, prices doubled over the same
period a year earlier, going from $53.47 to $111.04. And in December --
despite a 1.46 percent decline in electricity usage from the previous
December -- peak wholesale electricity prices hit $425.59. They'd been $31.88
one year before.
Then the pace of price increases began to accelerate within the last six
months of 2000. Overall, average peak usage during December was about 31,200
megawatts, about a fifth lower than it was in August. Average prices in
December? They just about doubled, to $425 a megawatt hour.
The companies' explanation for rising prices despite falling demand was that
more and more plants had to be taken offline for repairs, decreasing supply.
Even given the high number of inoperable plants, questions remain about why
the existing supply could not cover demand.
On the blackout days of Jan. 17 and 18 fewer plants were offline -- and more
electricity was available -- than on days when the state managed to squeeze
by without turning out the lights.
Even today, with Stage 3 alerts having faded away, at least temporarily,
demand levels remain more or less the same as when California was in a
constant state of emergency. Moreover, the lists of offline plants are as
long as ever.
AMPLE POWER SHOULD EXIST
The Energy Commission and the ISO have concluded that California's power
plants are capable of generating more than 45,000 megawatts of electricity.
That means that even with plant repair outages, low water levels decreasing
hydraulic generation, air-pollution rules and other environmental
constraints, the power companies should be able to accommodate all but the
most extreme spikes in demand.
According to industry data obtained by The Chronicle, the Western Systems
Coordinating Council, a government-backed trade group in Salt Lake City,
concluded California would have considerable surpluses throughout 2000,
including margins as high as 39 percent in December, based on data provided
to it by the ISO. Even under low water conditions, the ISO reported, the
state would have total power resources of 47,532 megawatts in that month. Yet
unplanned outages were far higher, and the system began to crash that month
and into this year, at far lower levels of demand.
"Clearly," Florio said, "we should not be having a shortage at 2 a.m. on
Christmas Eve, when the only person awake is Santa Claus."
Chronicle Database Editor Erin McCormick assisted in data analysis for this
report. Chronicle editorial assistant Claire Smith assisted in data
collection for this report. / E-mail Christian Berthelsen at
cberthelsen@sfchronicle.com and Scott Winokur at s
,2001 San Francisco Chronicle ? Page?A - 1


Thank you very much, Tana!  (I'm sure it wasn't the only thing on your
mind!!   : o)

 -----Original Message-----
From:  Jones, Tana
Sent: Thursday, March 01, 2001 1:32 PM
To: Wilkins, Marianne
Subject: Re: Just a reminder

Thanks, I forgot!

 << File: ernst & young.doc >>

	Marianne Wilkins/ENRON@enronXgate 03/01/2001 11:51 AM 	   To: Tana
Jones/HOU/ECT@ECT  cc: eric.grest@us.cgeyc.com@SMTP@enronXgate, Eric
Grest/ENRON@enronXgate  Subject: Just a reminder

Hi Tana,

Just a quick reminder--will you please send me the elctronic version of the
NDA we talked about yesterday?

Thanks!
Marianne
ext. 56344


Ginger Dernehl
Administrative Coordinator
Global Government Affairs
Phone# 713-853-7751
Fax# 713-646-8160

 -----Original Message-----
From: 	"Samantha Slater" <SSLATER@epsa.org>@ENRON
Sent:	Monday, October 08, 2001 1:59 PM
To:	bhueter@enron.com; Linnell, Elizabeth; Kingerski, Harry; jmigden@enron.com; jsteffe@enron.com; Robinson, Marchris; Petrochko, Mona L.; Kaufman, Paul; rboston@enron.com; rshapiro@enron.com; snord@enron.com; Montovano, Steve; Landwehr, Susan M.
Subject:	FTC Staff Issues Report on Electric Power Regulatory Reform

For Release: October 3, 2001

FTC Staff Issues Report on Electric Power Regulatory Reform

A new staff report issued today by the Federal Trade Commission examines which features of various state retail electricity programs appear to have resulted in consumer benefits and which have not. The staff report also highlights certain jurisdictional limitations on the states' authority to design successful retail competition plans and discusses whether there is a need for federal legislative or regulatory action in this regard. The report, "Competition and Consumer Protection Perspectives on Electric Power Regulatory Reform: Focus on Retail Competition," updates a July 2000 FTC Staff Report and responds to a request to update that report made by the Chairman of the Energy and Commerce Committee of the United States House of Representatives, W. J. "Billy" Tauzin, and the Chairman of the Subcommittee on Energy and Air Quality, Joe Barton.

In its report, FTC staff identify several overall points about how restructuring has proceeded at the state level so far:

The states that have moved toward competition in electricity
generation and retail marketing are in a transition period, during
which retail price regulation will continue as some elements of
competition are introduced. No state has completed the transition
period.  Most policy choices that confront states during this transition period involve tradeoffs, with each option presenting potential costs and
benefits.

Given that states are in a transition phase that represents a hybrid of
regulation and competition, many of the expected benefits of competition have not yet emerged.  Nothing that has happened so far, however, indicates that competition -- once the transition period is completed -- will not produce additional benefits to electricity customers. Competition
provides stronger incentives for the efficient deployment of capital for
generation investments and for suppliers to offer innovative services
and products to consumers.

Among the main conclusions of the report and the reasoning underlying
these conclusions are the following:

Competitive Wholesale Markets Are Important To Achieving Effective Competition In Retail Markets.

For all of the expected benefits of retail competition to be realized, it
is imperative that wholesale markets be competitive. Effective
wholesale and retail competition will mutually reinforce each other,
thus combining to bring benefits to retail customers. And as
wholesale and retail markets become regional, governing policies and
jurisdictional approaches also must move in that direction for wholesale and retail competition to be successful.

Policies Are Needed In Retail and Wholesale Markets That Will Increase Demand-Side Responsiveness.

So far, neither retail nor wholesale markets for electricity generation
encourage effective demand-side responses. Generally, retail
customers do not have price information and time-sensitive rates that
reflect the changing price of obtaining electricity at various times of
the day and over the course of the year. Increasing the price
sensitivity of demand also will help to constrain existing or potential
market power in generation. This is true because a price increase will
be less profitable for generators if it is passed through and retail
buyers respond by reducing their consumption by a significant
amount. In conjunction with variable pricing for generation services,
retail suppliers should be permitted to offer competitive metering and
billing services to their customers. Such competition would
encourage the development of innovative new services (e.g., real-time
pricing).

Policies that Set the Price of Standard Offer Service for Non-Choosing Customers Have A Substantial Effect on the Entry of New Retail Suppliers.

Effective retail competition, and the subsequent consumer benefits of
retail competition, are much more likely with actual entry. State policies that eliminate barriers to entry to allow for the long-run, efficient entry of entities to compete with the incumbent will assist the development of retail electricity markets.

Most states have required the existing distribution utility to continue
to offer service ("standard offer service") at fixed, regulated rates to
customers that do not choose a new supplier or whose supplier exits
the market. Often the duration of this service is coterminous with the
time period during which the state allows the utility to recover its
stranded costs (those generation-related costs that are uneconomic
in a competitive environment).

States should design standard offer service policies that provide
entrants with sufficient incentives to offer service and do not,
unintentionally, create a barrier to entry. Ensuring that standard offer
service providers can pass on changes in fuel costs and wholesale
electricity prices will aid this goal. Initial rate reductions for standard
offer service, which are not based on cost reductions, tend to distort
entry decisions and reduce incentives for retail customers to search
for alternative suppliers.

State Consumer Protection Policies Can Affect Both Consumers
and the Likelihood of New Entry to Increase Competition.

Consumers' choices will be made most efficiently if consumers are
exposed to accurate, timely and comparable information about retail
suppliers of electricity. Enforcement of truth-in-advertising laws will
help ensure that suppliers make truthful, nondeceptive, and
substantiated advertising claims in the new retail marketplace. Standardized labeling of retail electricity products and services may
be beneficial to consumers and competing electricity suppliers, as long as it allows suppliers to provide additional information as they begin to offer innovative services and products to consumers.

Consumer education programs that provide general information to
increase consumer awareness about retail competition, as well as
"nuts and bolts" information to allow consumers to shop effectively
and select their supplier, will help to ensure that consumers have the
information they need to participate effectively in competitive retail
electricity markets.

The Commission vote authorizing release of the staff report was 5-0. This
report represents the views of the staff of the Federal Trade Commission. It does not necessarily represent the views of the Federal Trade Commission or any individual Commissioner.

 - FTC Appendix B 10-3-01.pdf << File: FTC Appendix B 10-3-01.pdf >>
 - FTC Appendix A 10-3-01.pdf << File: FTC Appendix A 10-3-01.pdf >>
 - FTC electricityreport 10-3-01.pdf << File: FTC electricityreport 10-3-01.pdf >>


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Sounds interesting.  Clearly, we would pay a some premium on the front end for the Boston location.   Work directly with Dana on the specifics.


Subject: Whalley's Budget Meeting

   Date:  Tuesday, June 12

   Time:  11:00 a.m. CST

   Location: EB32C2

Please notify me only if you are unable to attend.

Many Thanks,

Liz Taylor x31935


Goodbye Enron, Hello Dynegy.

Stay in touch.

Charles

-----Original Message-----
From: Mark.Taylor@enron.com [mailto:Mark.Taylor@enron.com]
Sent: Friday, November 09, 2001 11:03 AM
To: cfishkin@kpmg.com; Tana.Jones@enron.com
Subject: RE: note

Thanks for your note.  We're hanging in there.

    -----Original Message-----
   From:   "Fishkin, Charles A" <cfishkin@kpmg.com>@ENRON
   Sent:   Thursday, November 08, 2001 9:05 PM
   To:     Taylor, Mark E (Legal); Jones, Tana
   Subject:  note

   well, how is it going down there?

   Charles

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Sharon,

How does Thursday at 1pm sound?

Thanks,

Errol


Shelly -- Here's the pre-filed rebuttal testimony.  The second file I sent earlier was the transcript of yesterday's hearing.  There was a virus attached to it when Ace Federal sent it over, but our in house people said they were able to extract it out.  Let me try to send it again.  This version was one we were able to open and print without difficulty.  -- Robin

> -----Original Message-----
> From:	Smith, Diane
> Sent:	Monday, August 27, 2001 4:18 PM
> To:	'jacob.leventhal@ferc.fed.us'; 'dlberesford@hhlaw.com'; 'kjlipson@hhlaw.com'; 'jpnevins@hhlaw.com'; 'pickettse@sce.com'; 'porterdk@sce.com'; 'gsmith@jhenergy.com'; 'kbedwards@gkrse-law.com'; 'jpfloom@gkrse-law.com'; 'imp@cpuc.ca.gov'; 'pmohler@hewm.com'; 'jxb7@pge.com'; 'frl3@pge.com'; 'dwa3@pge.com'; 'Koury@wrightlaw.com'; 'lisanne.crowley@troutmansanders.com'; 'thomas.burgess@ferc.fed.us'; 'michael.cotleur@ferc.fed.us'; 'gsterling@hhlaw.com'
> Cc:	'fkelly@gbmdc.com'; 'sstojic@gbmdc.com'; Moore, Charles A; 'dfossum@enron.com'; 'gporter@enron.com'; 'mpavlou@enron.com'
> Subject:	Transwestern rebuttal testimony and separate answer filed today.
>
>  <<DC-#555241-1.DOC>>  <<DC-#555406-1.DOC>>  <<DC-#555403-1.DOC>>  <<DC-#555411-1.DOC>>  <<DC-#555408-1.DOC>>  <<DC-#555299-2.DOC>>  <<DC-#555262-1.DOC>>  <<DC-#555422-1.DOC>>

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Dan,

Note Force Majeure issue at Elba.  Lets discuss.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 11/20/2000
07:58 AM ---------------------------

Les Webber @ ENRON_DEVELOPMENT

11/20/2000 07:24 AM
To: Phil DeMoes/Corp/Enron@ENRON
cc:

Subject: SALES OF LNG - Force Majeure

---------------------- Forwarded by Les Webber/ENRON_DEVELOPMENT on
11/20/2000 07:30 AM ---------------------------

Delivery Failure Report
Your document:	SALES OF LNG - Force Majeure
was not delivered to:	Phil DeMoes
because:	User Phil DeMoes (Phil DeMoes@enron.com) not listed in public Name &
Address Book

What should you do?
You can resend the undeliverable document to the recipients listed above by
choosing the Resend button or the Resend command on the Actions menu.
Once you have resent the document you may delete this Delivery Failure Report.
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EDC_NMAIL01/ENRON_DEVELOPMENT, EDC_NMAIL01/ENRON_DEVELOPMENT

________________________

To: Nancy Corbet
cc: Daniel R Rogers, Doug Arnell/ENRON_DEVELOPMENT, Phil DeMoes
From: Les Webber/ENRON_DEVELOPMENT
Date: 11/19/2000 04:45:17 PM
Subject: SALES OF LNG - Force Majeure

Nancy:

As we move forward with sales opportunities for our vaporized LNG at Elba,
the issue of force majeure protection will surface.  On the one hand, we want
to present  ourselves as a credible and reliable supplier of natural gas to
any US customers.  I believe these customers will be looking for force
majeure language that is standard in the industry, which should include force
majeure on the pipelines transporting the gas to their facilities, on the
production facilities, to the extent they are dedicated or are affected by
some large event (such as a hurricane or a major storm) in the region, and on
the LNG terminalling and storage facilities at Elba.
They will not, however, be looking for a non-standard force majeure clause
that deals with possible situations in foreign lands and waters, i.e. as
described, more or less, in our force majeure langauge in the El Paso
Merchant Energy agreement.  If we try to include that kind of protection, the
customer will see the supply as risky and uncertain, therefore less valuable,
in the first instance.

Our LNG strategy is focused on establishing a merchant activity, which
requires both supply and market aggregation.  Such an activity will give us
protection against individual force majeure events by its very nature (i.e.
through diversification).  The basic question, then, is when do we start
acting as if we are an bonafide LNG merchant?

We can mitigate for the need to build in unique force majeure safeguards in
several ways:
lower relative price
alternative, albeit interruptible, sources of natural gas supply
alternative fuels
selection of customers with alternative fuels or replacement production.
business interruption insurance
selling the gas to El Paso instead of directly to a customer.

However, I believe this issue also needs to be addressed in the context of
our probable need to "lock-in" our pricing through the use of financial
instruments.  What's more, our customer may elect to do the same, quite
independent of us.  As I understand it, there is very limited force majeure
protection available to either of us in this regard.

I know you are working on the force majeure provisions of the draft
Definitive Agreement with El Paso, so I believe it is opportune at the
present time to extend this assessment to address the issues set forth above
(and others?).

When can we discuss?

Regards.
Les


Jana::  I am the manager of West Desk Logistics, and I would like to start
having analysts rotate into my group.  The gas trading desk director, Phillip
Allen is also very high on this idea.  Could you give me a call so we could
discuss?  I would like to get one of the new hires as quickly as possible.
My extension is 31991.  Thanks.


Can you look into this and get back to me.  Thanks.  Mark
---------------------- Forwarded by Mark E Haedicke/HOU/ECT on 10/05/99 09:11
AM ---------------------------

Randal T Maffett
10/04/99 06:03 PM
To: James V Derrick@Enron, Mark E Haedicke/HOU/ECT@ECT
cc:
Subject: FYI - a very "close" potential copyright infringement?

A vendor with whom we do a lot of business with called me today and brought
to my attention a very close copy of our patented "E."  Pinnacle West (the
holding company parent of Arizona Public Service) has a subsidiary, El Dorado
Investment Company, who has a logo consisting of a three-dimensional capital
E turned on 45 deg. angle.  You can access the website at
www.pinnaclewest.com and then go to the Who We Are page to review.

Just thought you'd like to know!

RANDY


I talked to Whalley about it a little bit.  The one issue is that when we
liquidate a bad position they get out first.  Think about it.


Date: Fri, 28 Sep 2001 10:44:19 -0500
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Three guys, a Canadian, Osama bin Ladin and
  Uncle Sam are out walking together one day.
  They come across a lantern and a Genie pops out
  of it.

  "I will give each of you each one wish, that's three
  wishes total," says the Genie.

  The Canadian says, "I am a farmer, my dad was a
  farmer, and my son will also farm. I want the land to
  be forever fertile in Canada."

  With a blink of the Genie's eye, 'POOF' the land in Canada was
  forever made fertile for farming.

  Osama bin Ladin was amazed, so he said, "I want a wall around
  Afganistan, so that no infidels, Jews or Americans can come into our
  precious state."

  Again, with a blink of the Genie's eye, 'POOF' there was a huge wall
  around Afganistan.

  "Uncle Sam" (A former civil engineer), asks,
  "I'm very curious. Please tell me more about this wall."
  The Genie explains, "Well, it's about 15,000 feet high,
  500 feet thick and completely surrounds the country;
  nothing can get in or out---virtually impenetrable."

  "UncleSam" says, "Fill it with water."


Call me about this.


[IMAGE]
?
[IMAGE]

Tuesday, April 10, 2001 ? ?

Dear continental.com customer,

We're Changing To Serve You Better
This Thursday evening April 12th 2001, we are launching a new version of our
web reservations system, eService Online.  This marks the start of an
exciting new beginning as the reservations platform is 100% provided by
Continental.

We're making this change because our current product, while good, will not
provide us with the flexibility in the future to offer the features that will
make travel arranging easier and to tailor the online Continental experience
for you.

Here's What You Need To Know:

Your Profile
Your profile information, including your username (tanajones) and password,
has been transferred to the new version of eService Online.  To protect your
personal information, credit card information has not been transferred.  You
will need to update your profile.

Your Itineraries
Information on your reservations created before April 12th will not be saved.
If you want to keep a copy for your records, you will need to print them
prior to 9pm/CDT April 12th.  This change does not affect the status of any
previous reservations and tickets, but you can not view them in the new
eService Online.

Signing In
To enhance security, you will have to sign in for each transaction session to
reserve and purchase flights.  This means you will have to use your password
each time.  To have your password e-mailed to you click here.  You are
strongly encouraged to sign in at the beginning of the travel arranging
process.

24 Hour Hold Option
To prepare for this Thursday's release we will be turning off the "Hold for
24 hours" option.  The "Hold" option will not be available between April 10
and April 12.

Here Are Some of the Changes

More eTicketing
The new eService Online offers expanded opportunities for electronic tickets
(eTickets).  We can now provide eTickets for code share flights operated by
Northwest Airlines or Northwest Airlink (CO5000-8059) and America West
Airlines (CO2000-2349).

Aircraft Seat Maps
We rearranged the seat map pages for easier viewing. We also enhanced the
seat selection process and enabled Elite-status available seating.

Pricing
The pricing system is enhanced to deliver more current fares based on your
selection of either "Search By Lowest Fares" or "Search By Schedule."  We
also added a gold star to denote "continental.com promotional fares," so you
know for certain when you receive a discounted, online-only airfare.

Customer Service
Our customer service is streamlined and enhanced as Continental employees now
handle all support for online inquiries and reservations services.

While we've made a number of improvements to the overall experience, this new
version may not, on the surface, appear to offer significant benefits.  These
changes lay the foundation for outstanding capabilities we have planned for
the future.  We welcome your comments and suggestions as we move ahead.
Based on feedback from customers, we're already at work adding enhancements.

Overall, we're confident that you will appreciate the changes and
improvements and look forward to continuing to serve you in the future.

Sincerely,
Continental Airlines Inc.

This is a one-time update e-mail.  You have been sent this e-mail as a
registered eService Online user to inform you of this change in service.

If you have questions or comments, or you would like to unsubscribe please
reply to: eservice@coair.com

This E-mail was sent to: tana.jones@enron.com

[IMAGE]
[IMAGE]

[IMAGE]


Please review our edits to the MD TC and edit liberally.

Thank you

Gillian
---------------------- Forwarded by Gillian Johnson/HOU/EES on 10/05/2001 11:30 AM ---------------------------

Bob Hansen
10/05/2001 11:06 AM
To:	Gillian Johnson/HOU/EES@EES
cc:
Subject:	Re: TC

Here's a version with some possible edits.

<Embedded StdOleLink>


-----Original Message-----
From: 	Sever, Stephanie
Sent:	Friday, February 01, 2002 2:37 PM
To:	Hedstrom, Peggy; Theriot, Kim S.; Keiser, Kam
Subject:	FW: Internal Non-Traders

Please review the attached spreadsheet for Internal users within your area and let me know if any changes need to be made.

Thank you,
Stephanie Sever
713-853-3465


Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/05/2001 06:46 PM -----

	"Scott Wright" <swright@scottpaul.com>
	Sent by: MemberList-owner@scottpaul.com
	02/05/0101 06:42 PM
	Please respond to "Scott Wright"

		 To: MemberList@scottpaul.com
		 cc:
		 Subject: Winter 2001 Scott Paul Wines Newsletter

Welcome to the world of Scott Paul Wines!

All Contents Copyright, 2000.

Dear friends of Scott Paul Wines -

The Winter 2001 newsletter is now online at
http://www.scottpaul.com/newsletter.html

Check it out for all the latest from the world of Scott Paul.

Thanks for all of your support!

All the best,

Martha & Scott Wright
------------------------------------------------------------------------------
------------------------------------------------------------------------------
--------------------------
You are receiving this because you expressed interest in learning more about
Scott Paul Wines.  If you have received this email in error - please accept
our apologies!

You may unsubscribe by going to http://www.scottpaul.com/mailing_list0.cfm


Su8zanne:
My JA class is on Thursday at 1.  Thanks,
carol


i didn't want you to go.  i was just going to sleep anyway.  i was too tired to give you any action.  enron is blowing up.

 -----Original Message-----
From: 	Erin Richardson <erichardson@sarofim.com>@ENRON
Sent:	Thursday, November 08, 2001 8:43 AM
To:	Lenhart, Matthew
Subject:	RE:

stop trying to make me feel bad, it's not working,  i left b/c you wanted me
to leave.

-----Original Message-----
From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
Sent: Thursday, November 08, 2001 8:27 AM
To: erichardson@sarofim.com
Subject: RE:

can't believe you left last night.

    -----Original Message-----
   From:   Erin Richardson <erichardson@sarofim.com>@ENRON
   Sent:   Wednesday, November 07, 2001 4:50 PM
   To:     Lenhart, Matthew
   Subject:  RE:

   nice sarcasm.  that's fine, i don't want to see you either, i just need
   to
   make a cd.

   -----Original Message-----
   From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
   Sent: Wednesday, November 07, 2001 4:42 PM
   To: erichardson@sarofim.com
   Subject: RE:

   i can't wait

       -----Original Message-----
      From:   Erin Richardson <erichardson@sarofim.com>@ENRON
      Sent:   Wednesday, November 07, 2001 4:29 PM
      To:     Lenhart, Matthew
      Subject:  RE:

      i'll just come over betw. 7:30 and 8 then.  remember, you're supposed
   to
      be
      getting excited.

      -----Original Message-----
      From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
      Sent: Wednesday, November 07, 2001 3:55 PM
      To: erichardson@sarofim.com
      Subject: RE:

      7:30 or 8.  i don't care when.

          -----Original Message-----
         From:   Erin Richardson <erichardson@sarofim.com>@ENRON
         Sent:   Wednesday, November 07, 2001 3:14 PM
         To:     Lenhart, Matthew
         Subject:  RE:

         you never told me when to come over.  so what time?

         -----Original Message-----
         From: Matthew.Lenhart@enron.com [mailto:Matthew.Lenhart@enron.com]
         Sent: Wednesday, November 07, 2001 12:33 PM
         To: erichardson@sarofim.com
         Subject: RE:

         ok sweet baby

             -----Original Message-----
            From:   Erin Richardson <erichardson@sarofim.com>@ENRON
            Sent:   Wednesday, November 07, 2001 12:29 PM
            To:     Lenhart, Matthew
            Subject:  RE:

            yeah, just charge whatever you need to.  i'll give you one of
   my
         credit
            cards for you to use whenever you want to also.  i'll have to
      think
            about
            what i want you to do.  i'll let you know.

            -----Original Message-----
            From: Matthew.Lenhart@enron.com
   [mailto:Matthew.Lenhart@enron.com]
            Sent: Wednesday, November 07, 2001 12:27 PM
            To: erichardson@sarofim.com
            Subject: RE:

            can i just charge the spa to your account?  so now that i am
   your
      boy
            toy
            what do you want me to do?

                -----Original Message-----
               From:   Erin Richardson <erichardson@sarofim.com>@ENRON
               Sent:   Wednesday, November 07, 2001 12:21 PM
               To:     Lenhart, Matthew
               Subject:  RE:

               alright, just called and you're all set up at the houstonian
   so
         you
            can
               go
               out there whenever you want to.   just let me know if
   there's
            anything
               else
               i can get for you.

               -----Original Message-----
               From: Matthew.Lenhart@enron.com
      [mailto:Matthew.Lenhart@enron.com]
               Sent: Wednesday, November 07, 2001 11:57 AM
               To: erichardson@sarofim.com
               Subject: RE:

               yeah.  just go ahead and do that.  how about the houstonian?
         youre
            the
               best.

                   -----Original Message-----
                  From:   Erin Richardson <erichardson@sarofim.com>@ENRON
                  Sent:   Wednesday, November 07, 2001 11:43 AM
                  To:     Lenhart, Matthew
                  Subject:  RE:

                  no problem.  instead of a golf allowance though, i think
      i'll
         just
               get
                  you a
                  membership somewhere.  wouldn't that be better?  just let
   me
         know
            so
               i
                  can
                  arrange it.

                  -----Original Message-----
                  From: Matthew.Lenhart@enron.com
         [mailto:Matthew.Lenhart@enron.com]
                  Sent: Wednesday, November 07, 2001 11:25 AM
                  To: erichardson@sarofim.com
                  Subject: RE:

                  sweet.  i need a golf allowance then.   i can drink beer
      every
            night
               and
                  golf all day while you work.  that would be so sweet of
   you.
      i
            cant
                  wait
                  to do that.

                      -----Original Message-----
                     From:   Erin Richardson <erichardson@sarofim.com>
   @ENRON
                     Sent:   Wednesday, November 07, 2001 11:05 AM
                     To:     Lenhart, Matthew
                     Subject:  RE:

                     you don't need to work at denny's.  you know, i make a
      lot
         of
               money,
                     more
                     than i can spend, so there's really no reason why you
      can't
            just
               live
                     off of
                     my salary for a while.  shouldn't be a problem, i
   usually
         just
               give
                  half
                     of
                     it away to charity anyway.

                     -----Original Message-----
                     From: Lenhart, Matthew
   [mailto:Matthew.Lenhart@ENRON.com]
                     Sent: Wednesday, November 07, 2001 10:55 AM
                     To: erichardson@sarofim.com
                     Subject:

                     looks like i am going to work at denny's. stock is
   down
         about
               another
                     2.50.

   **********************************************************************
                     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.

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


Thank you.  Exciting stuff.


Here is the turbine availability sheet.  I confirmed that there are 3 GE 7
FA's.
Ben
3-7998


Notice No. 00-397
November 16, 2000

TO:
All NYMEX Division Members and Member Firms
All NYMEX Division Clearing Firms
All NYMEX Division Operations Managers

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT: Margin Rate Increase for Natural Gas
_________________________________________________

Effective Date: Friday, November 17, 2000 (close of business)

Futures Contract:  Henry Hub Natural Gas Futures

Contract Months: All Months

Rate Change:
NYMEX Division Margins on Henry Hub Natural Gas Futures Contracts

Effective Date: Friday, November 17, 2000 (close of business)

Clearing Member (Maintenance Margin): Old:  $4,200  New:  $5,500
Member Customer (Initial Margin): Old:  $4,620  New:  $6,050
Non-Member Customer (Initial Margin): Old:  $5,670  New:  $7,425

Should you have any questions regarding these changes, please contact Arthur
McCoy at (212) 299-2928 or Joe Sanguedolce at (212) 299-2855.

This notice supersedes all previous notices regarding outright margins for
the NYMEX Henry Hub Natural Gas Futures Contract.

__________________________________________________
Please click on the link below to indicate you have received this
email.

"http://208.206.41.61/email/email_log.cfm?useremail=sara.shackleton@enron.com&
refdoc=(00-397)"

Note: If you click on the above line and nothing happens, please copy
the text between the quotes, open your internet browser,
paste it into the web site address and press Return.


Tana, FYI I put the heat on them to see if they were truly interested in
transacting  and they are not at this time so let's hold off.  Thanks,  John

From: Tana Jones on 09/07/2000 09:46 AM CDT
To: John Malowney/HOU/ECT@ECT
cc:
Subject: RE: Sample ISDA

John,

Sorry about taking so long to get back to you on this.  Re:  sample master
agreements...we recently had a group meeting where we were discouraged to
send out sample masters.  What appears to be happening is that a customer
gets a sample master w/no credit, and then when we finally send them a real
master w/credit, they are somewhat hacked off because the end up being
incredibly longer once credit is added.

If possible, can we not talk to Credit about sending them a real master?  Let
me know your thinking...

	John Malowney
	08/23/2000 10:20 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: RE: Sample ISDA

Tana, would you please e-mail a sample ISDA to Mr. Ray Cunningham of Exxon
and let me know when you've done so.   Thanks again !!    John
---------------------- Forwarded by John Malowney/HOU/ECT on 08/23/2000 10:26
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  <ray.cunningham@exxon.com>                           08/23/2000 06:48
AM

To: John.Malowney@enron.com
cc:
Subject: RE: Staying in touch

Thanks for keeping in touch.  We purchased an indexed product.
Tell me more about your financial offering.  I am interested.

> -----Original Message-----
> From: John Malowney [SMTP:John.Malowney@enron.com]
> Sent: Tuesday, August 22, 2000 6:25 PM
> To: ray.cunningham@exxon.com
> Subject: Staying in touch
>
>
>
> Ray, it's been sometime since we've spoken, I just want to touch bases with
you
> and see if there was anything we might be able to do.  I could not remember
if
> you purchased a fixed price and indexed price product and if so had any
interest
> in financially fixing the price.  If so or if I can be of assistance on
another
> front please do not hesitate to contact me.   Thanks,   John
>


January  10, 2002
Notice No. 02-15

PROCEDURES FOR 2002 ANNUAL MEETING OF
STOCKHOLDERS OF NYMEX HOLDINGS, INC.

On January 16, 2002, the Membership Subcommittee will hold an open meeting
at 3:00 p.m. in Boardroom 1015 to accept recommendations of names for
proposed nominees for the Board of Directors.  At that meeting, stockholders
may recommend proposed nominees for each open position. The Board of
Directors positions for which nominations will be accepted are:

		Vice Chairman	- 3 Year Term
		Public Director	- 3 Year Term
		FCM			- 3 Year Term
		Local			- 3 Year Term
		Floor Broker		- 3 Year Term
		Trade (2)		- 3 Year Term/2 Year Term
		Equity Holder	- 3 Year Term
		At-Large		- 3 Year Term

A stockholder may not recommend more than one candidate per category.
Written recommendations by stockholders proposing candidates may be
presented prior to or at this meeting.  Thereafter, a list of the
recommendations of proposed nominees will be compiled and immediately
posted.

Additional written recommendations by stockholders for proposed nominees may
be submitted to the Subcommittee (c/o the Donna Talamo, Office of the
Corporate Secretary, One North End Avenue, Room 1563, New York, NY 10282 or
by fax 212-301-4645) by 5:00 p.m. on January 22, 2002.  Thereafter, a final
list of recommended names and the categories in which they are proposed to
run will be immediately posted.

NO PERSON WHOSE NAME HAS NOT BEEN SUBMITTED BY 5:00 P.M. ON TUESDAY, JANUARY
22, 2002 WILL BE PERMITTED TO STAND FOR ELECTION.  IN ADDITION, NO PERSON
WHOSE NAME HAS NOT BEEN RECOMMENDED TO RUN FOR VICE CHAIRMAN BY THAT DATE
WILL BE PERMITTED TO RUN FOR THAT OFFICE.

Please note that in order to qualify as a Public Director, a person must be
knowledgeable of futures trading or financial regulation or otherwise
capable of contributing to the deliberations of the Board of Directors and
may not be a member of the Exchange or affiliated with any member of the
Exchange or an employee of the Exchange.

After January 22, 2002, the Subcommittee will convene to make its
determination as to the eligibility of the proposed nominees to run in the
category for which he was proposed or otherwise.   Such determination will
be immediately posted.  Should the Subcommittee determine that a proposed
candidate is ineligible to run in the category for which he was recommended,
written notice thereof shall immediately be submitted to that person.  To
assist the Subcommittee, NYMEX members may submit information regarding the
eligibility of a proposed nominee to the Subcommittee.  All such submissions
must be received by 5:00 p.m. on January 29, 2002 at the Office of the
Corporate Secretary.  In addition, a proposed nominee may appeal the
Subcommittee's categorization.  Such appeal must be made by 5:00 p.m. on
February 1, 2002.  The Subcommittee will consider the appeal and make a
final ruling no later than February 5, 2002.  At that time, the Subcommittee
will assign the proposed nominees to the proper categories, regardless of
the category for which the proposed nominee was originally recommended;
however, only persons who were recommended to be candidates for Vice
Chairman are eligible to run for that office.

TO BE OFFICIALLY NOMINATED, EACH PROPOSED NOMINEE WILL BE REQUIRED TO FILE
WITH THE OFFICE OF THE CORPORATE SECRETARY A DECLARATION WHICH STATES THAT
CATEGORY IN WHICH THE PERSON INTENDS TO STAND FOR ELECTION.  FAILURE TO
SUBMIT A DECLARATION TO THE OFFICE OF THE CORPORATE SECRETARY BY 5:00 P.M.
ON FRIDAY FEBRUARY 8, 2002 WILL RENDER THE PROPOSED NOMINEE INELIGIBLE TO
RUN IN ANY CATEGORY.

Note, only those persons who were proposed by January 22, 2002 will be
permitted to be officially nominated.

Ballots will be mailed on or about February 26, 2002.

The election will be held on Tuesday, March 19, 2002.

Should you have any questions regarding the above, please contact
Christopher Bowen at (212) 299-2200 or Donna Talamo at (212) 299-2372.


Bizarre as it sounds, we've now heard that they are calling the Assembly
members back.  So it appears that the Assembly leadership will at least make
a run at this.  We are getting more information and mobilizing industry.
Some key considerations:

The Governor is putting immense pressure on the Legislature to get something
done.
The Legislature is fearful of getting blamed by the Governor for having "done
nothing."
Becauase the Assembly has thus far "done nothing," the only thing it has in
front of it is 78.
The Assembly could not agree to the Speaker's bill because it felt the bill
was too far to the left; but 78 is even more one-sided. So there's a
reasonable likelihood that 78 would have to be amended considerably in order
to get the support necessary to get voted out.
Once voted out of the Assembly, it would have to go back to the Senate, where
the Senate would have to approve it.
Again, the Senate has adjourned, so Burton would have to round them up and
call them back for a vote, and there's no indication at this time that
Burton's inclined to come back.
In addition, Burton has said that he's not interested in making any changes
to 78, that "it's 78 or nothing."  Consequently, for the Sentate (i.e.,
Burton) to vote it out, it would first have to agree to the Assembly's
amendments.  Thus far, the Assembly and the Senate have not seen eye to eye
on the issues.
All that said, this Legislature is far from rational, and nothing can be
counted out.  We're therefore operating under the assumption that 78 could
move.
Will report back as information becomes available.
Best,
Jeff

	"Scott Govenar" <sgovenar@govadv.com>
	07/24/2001 05:15 PM
	Please respond to sgovenar

		 To: "Ban Sharma" <ban.sharma@enron.com>, "David Leboe"
<David.Leboe@ENRON.com>, "Eric Letke" <eletke@enron.com>, "Jennifer Thome"
<Jennifer.Thome@enron.com>, "Ken Smith" <ken@kdscommunications.com>, "Bev
Hansen" <bhansen@lhom.com>, "Hedy Govenar" <hgovenar@govadv.com>, "Miyung
Buster" <Miyung.Buster@enron.com>, "Janel Guerrero"
<Janel.Guerrero@enron.com>, "Robert Frank" <rfrank@enron.com>, "Mike Day"
<MDay@GMSSR.com>, "Leslie Lawner" <Leslie.Lawner@enron.com>, "Harry.
Kingerski@enron. com" <Harry.Kingerski@enron.com>, "Karen Denne"
<kdenne@enron.com>, "Steven Kean" <Steven.J.Kean@enron.com>, "Alan Comnes"
<acomnes@enron.com>, "Susan J Mara" <smara@enron.com>, "Paul Kaufman"
<paul.kaufman@enron.com>, "Jeff Dasovich" <jdasovic@enron.com>, "Jim Steffes"
<james.d.steffes@enron.com>, "Rick Shapiro" <rshapiro@enron.com>
		 cc:
		 Subject: ASSEMBLY SESSION - URGENT

The Assembly is tentatively scheduled to take up SBX2 78 in committee on
Friday.  If the bill passes, it may go straight to the Assembly floor that
night.  The Senate may go in either late Friday or early Monday to take up
the bill as amended although this has not been confirmed.

Amendments to SBX 78 may be available tomorrow.


Steve,

The Secretary of Energy Ernesto Martens used to be the CEO of VITRO, our
client in for the Monterrey Project.  He was a board member until the day of
his appointment.  He knows Enron well.  He used to be the President and CEO
of CINTRA the holding company for Mexicana and Aeromexico airlines.  When I
worked at McKinsey I was engaged in projects with CINTRA for two years.
Martens has a reputation of being a good and tough manager.  He delivers.
On the other hand he also has a reputation of being stubborn and not a good
negotiator.  We still have to convince him of the proposed electric sector
reorganization.

The good news is that Fox used many of the phrases that we wrote in the
documents for the transition team.  Apparently he is following the script.
When he talks about no privatization he limits it by saying: there will be no
sell out of CFE's current assets and by ensuring that the sector will be open
to competition.

Dionisio P,rez- Jacome was appointed President of the FERC.  He is a
classmate of Steffes from the Kennedy School and a good friend of mine.

All of the team supporting him is Luis Tellez's team. The undersecretaries,
the president of the CRE (FERC) the directors of CFE and LFC.  The only new
face is the Director of PEMEX who used to be the President and CEO of DuPont
in Mexico.  Ra?l Muoz was very helpful in promoting electric deregulation.
About a year ago he organizad a trip to Altamira in the state of Tamaulipas
in which he invited members of Congress to visit the DuPont and the BASF
plants there so they could see the size of the investments and what was at
risk if deregulation did not take place.  Jaime Alatorre and I were the only
non Congress, non-DuPont or BASF people invited.  He and Alatorre are very
very good friends.  I spent some time with him yesterday at a conference in
which I presented a document on energy and economic development and he
invited me to his office to discuss competition in natural gas.

CFE and LFC have the same directors which may  make change more difficult
btu it is inevitable.

Best,

Ricardo

	Steven J Kean
	12/04/2000 04:11 PM

		 To: Ricardo Charvel/NA/Enron@Enron
		 cc:
		 Subject: Energy Analysis

How are the appointments turning out from your perspective?
----- Forwarded by Steven J Kean/NA/Enron on 12/04/2000 04:11 PM -----

	"Nike Papadopoulos" <nikep@edelmanmexico.com.mx>
	12/04/2000 11:22 AM
	Please respond to nikep

		 To: <max.yzaguirre@enron.com>, <skean@enron.com>, <rshapiro@enron.com>,
<eric.thode@enron.com>, <jaime.alatorre@enron.com>,
<Ricardo.Charvel@enron.com>, <jaime.williams@enron.com>, <sirvin@enron.com>,
<msabine@enron.com>, <agustin.perez@enron.com>
		 cc: <aventura@edelmanmexico.com.mx>
		 Subject: Energy Analysis

Attached you will find last week's energy analysis which includes
information about Vicente Fox's Energy team.

Thank you.

 - 24Nov-3Dec.DOC


Thanks  for your e-mail regarding a master with Reliant Energy Services
Canada, Ltd.  ENA has a Canadian form of contract we could work with which
will have most of your changes already contained.  If we use the U.S. master
there are problems with provisions regarding taxes, arbitration etc.  so I
would like to suggest we use the Canadian form with your changes as needed.
Please let me have your thoughts.

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


Due to system high pressure and inventory balancing, PG&E Gas
Transmission-Northwest is limiting the Kingsgate capacity to 2335 MMcf/d
effective Gas Day Thursday, May 10, beginning with the Intraday 1 cycle.

If you have any questions, please call our transportation coordinators at
(503) 833-4300.

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


Attached is the executable Agency and Management Agreement Document.  Please
print out and execute and fax back to Barry for ENA's execution.  We will fax
back a fully executed copy.  Please note that as we discussed, two of the
gentlemen listed in Mexicana  de Cobre's power of attorney must execute.

Will will follow up with hardcopy orginals for execution with all the
exhibits in the mail or delivered by Barry.  Thank You.


Start Date: 3/5/01; HourAhead hour: 19;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001030519.txt


Any day of the week works for me.

 -----Original Message-----
From: 	Taylor, Mark E (Legal)
Sent:	Wednesday, October 24, 2001 4:54 PM
To:	Rozycki, Joanne; Cook, Mary; Gray, Barbara N.; Greenberg, Mark; Hendry, Brent; Koehler, Anne C.; Leite, Francisco Pinto; Nelson, Cheryl; Sayre, Frank; Shackleton, Sara
Subject:	RE: REMINDER THAT ATTY ROUNDTABLE LUNCH MEETINGS HAVE MOVED TO THURSDAY, AT NOON, IN EB 3872

Since I have to attend the Enron Net Works staff meetings Thursdays at noon, might it be possible to pick a different day?

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Wednesday, October 24, 2001 9:34 AM
To:	Taylor, Mark E (Legal); Cook, Mary; Gray, Barbara N.; Greenberg, Mark; Hendry, Brent; Koehler, Anne C.; Leite, Francisco Pinto; Nelson, Cheryl; Sayre, Frank; Shackleton, Sara
Subject:	REMINDER THAT ATTY ROUNDTABLE LUNCH MEETINGS HAVE MOVED TO THURSDAY, AT NOON, IN EB 3872

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com


If we both agree that the counterparty should now be RAG Coal Sales of
America, shouldn't your spreadsheet reflect that name?  I'm confused.

	Adnan Patel@ENRON
	11/14/2000 09:57 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: ClickPaper approval

GCP does have the correct name on file. The company changed its name from
Cyprus Amax Coal Corporation to RAG American Coal Sales Company and then to
RAG Coal Sales of America. I had talked to the legal when I first found out
and provided Cheryl Johnson in Global SAP, with all the name change
documents. You may contact her at x33103 in order to request
those........................Adnan

From: Tana Jones@ECT on 11/14/2000 08:58 AM
To: Adnan Patel/Corp/Enron@ENRON
cc:
Subject: Re: ClickPaper approval

Can you check on the name of RAG American Coal Sales Company.  We have a note
in our Financial Trading Agreement database that pursuant to a Certificate of
Amendment filed with the Delaware Secretary of State, RAG American Coal Sales
Company further changed its name to RAG Coal Sales of America, Inc. on
4/6/2000.  Our file is missing so I cannot find the hard copy of the name
change.  Thanks.

	Adnan Patel@ENRON
	11/10/2000 09:25 AM

		 To: Karen Lambert/HOU/ECT@ECT
		 cc: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT,
Paul Radous/Corp/Enron@ENRON, Tom Moran/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT,
Frank L Davis/HOU/ECT@ECT, Noel Petterson/Corp/Enron@Enron, Walter
Guidroz/NA/Enron@Enron
		 Subject: Re: ClickPaper approval

Attached is the list of GCP Signoffs on Clickpaper Approvals for 11-09-00,
marked in RED

Adnan

Walter Guidroz
11/08/2000 05:21 PM
To: Camille Gerard/Corp/Enron@ENRON, Jarrod Cyprow/HOU/ECT@ECT, Mary G
Gosnell/HOU/ECT@ECT, Samuel Schott/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Tanya Rohauer/HOU/ECT@ECT, Paul Radous/Corp/Enron@ENRON, Tom
Moran/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Karen
Lambert/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Frank L
Davis/HOU/ECT@ECT, Noel Petterson/Corp/Enron@Enron, Walter
Guidroz/NA/Enron@Enron
cc:
Subject: ClickPaper approval

Attached is a ClickPaper approval for November 9, 2000.  Also, I will be out
of the office in a training class Thursday and Friday.  For ClickPaper credit
assistance on those days please call the Credit Hotline at 3-1803.  Thanks.

Walter


Yes, and I agree.

	From:  Scott Healy @ ECT                           11/20/2000 01:32 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject:

Did you get my message about the Change Order limitations on FCE?


thanks   mcs

From: James D Steffes@ENRON on 05/01/2001 09:07 CST
To: Jeff Dasovich/NA/Enron@Enron
cc: Mark Schroeder/LON/ECT@ECT

Subject: Re: Benefits of competition in electricity

Jeff -

Can you please keep Schroeder in the loop on all final documents that we
would use?  Europe is talking about how crazy Calif is and we need to make
sure that they are in the loop.

Jim

----- Forwarded by James D Steffes/NA/Enron on 01/05/2001 09:06 AM -----

	Mark Schroeder@ECT
	01/05/2001 08:44 AM

		 To: James D Steffes/NA/Enron@ENRON
		 cc:
		 Subject: Re: Benefits of competition in electricity

yes, send me copies of everything, I can sort out what we can use or should
pass on.   thanks  mcs

From: James D Steffes@ENRON on 05/01/2001 08:34 CST
To: Mark Schroeder/LON/ECT@ECT
cc:

Subject: Re: Benefits of competition in electricity

Mark --

FYI, we gave the following to the Bush Transition team about what is really
happening in California.  If there is anyone on your team (you?) who should
be getting copies of the material we generate, let me know so that we can
copy.

Jim

	Mark Schroeder@ECT
	01/05/2001 07:56 AM

		 To: Steven J Kean/NA/Enron@Enron, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Jeff Dasovich/NA/Enron@Enron, Margaret
Carson/Corp/Enron@ENRON, Rob Bradley/Corp/Enron@ENRON, govt affairs, Nicholas
O'Day/AP/Enron@Enron
		 cc: John Sherriff/LON/ECT@ECT, Joseph P Hirl/AP/ENRON@ENRON, Paul
Mead/LON/ECT@ECT
		 Subject: Benefits of competition in electricity

As we all deal with the fallout from the California scene, I wanted to make
sure everyone was aware of the recent report of the UK's National Audit
Office (a highly creible organisation, along the lines of the US's General
Accounting Office, even similar function; independent, too), saying that
household electricity bills had been cut by 750 million pounds (if you are a
Yank, multiply by 1.5 for dollars saved), since the industry was opened to
competition two years ago.  Of course, much of this may be attributable to
the divestment of assets in the oligopolistic generation sector, now
competitive, but it is a very fari example of the benefits of competition and
should be cited as a counterweight to those arguing that competition is a
"failed experiment".  Paul Dawson, head of our UK regulatory team, can
provide any necessary further insights./details.   mcs


Mike:
Can you give me an update on where things stand with you and your review of
the docs that we sent to you?  I will be going on maternity leave shortly and
just want to get an idea of how far along can get this before I leave.
Thanks.i

Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
carol.st.clair@enron.com

	<Mike_Pate@oxy.com>
	06/21/2000 07:28 AM

		 To: Carol.St.Clair@enron.com
		 cc:
		 Subject: RE: MAC Language

Carol:

Why don't you go ahead and send over your CSA form?  I think the idea here
is to have it fully negotiated in advance.  As to the idea of just using
S&P, I will pass that along to our Treasury Dept.

Mike

  -----Original Message-----
  From: Carol St Clair [mailto:Carol.St.Clair@enron.com]
  Sent: Tuesday, June 20, 2000 2:35 PM
  To: Mike_Pate@oxy.com
  Subject: MAC Language

  Mike:
  I have discussed your proposed language with Brant Reves,
our credit person, and
  we are okay with the concept except that we would like for
the ratings trigger
  to be based only on either a drop in the S&P rating or a
failure to have an S&P
  rating.  In addition, Brant has advised me that should we
put in place a CSA,
  that the following would be the credit matrix for collateral
threshold:

  BB to BB+  $2,500,000
  Below BB  Zero

  I look forward to hearing from you.  Should we send you our
form of Credit
  Support Annex?

  Carol St. Clair
  EB 3892
  713-853-3989 (Phone)
  713-646-3393 (Fax)
  carol.st.clair@enron.com


Start Date: 4/18/01; HourAhead hour: 8;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041808.txt


The report named: EMW P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=32&report_name=EMW+P/L&category_cd=9&category_name=EMW&toc_hide=1&sTV1=9&TV1Exp=Y&current_efct_date=11/21/2001>, published as of 11/21/2001 is now available for viewing on the website.

(Revision: 2)


THOLT, JANE M,
?
You have been selected to participate in the Mid Year 2001 Performance
Management process.  Your feedback plays an important role in the process,
and your participation is critical to the success of Enron's Performance
Management goals.
?
To complete a request for feedback, access PEP at http://pep.enron.com and
select Complete Feedback from the Main Menu.  You may begin providing
feedback immediately and are requested to have all feedback forms completed
by Friday, May 25, 2001.
?
If you have any questions regarding PEP or your responsibility in the
process, please contact the PEP Help Desk at:
Houston:  1.713.853.4777, Option 4 or email: perfmgmt@enron.com
London:  44.207.783.4040, Option 4 or email: pep.enquiries@enron.com
?
Thank you for your participation in this important process.
?
The following is a CUMULATIVE list of employee feedback requests with a
status of "OPEN."  Once you have submitted or declined an employee's request
for feedback, their name will no longer appear on this list.  NOTE: YOU WILL
RECEIVE THIS MESSAGE EACH TIME YOU ARE SELECTED AS A REVIEWER.
?
Employee Name:
EVANS, TED


Lesli,

All of the deals listed below have been rebooked to their respective
counterparties.

Susan

To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Deal Rebooks

Please rebook nw3037 to Compania Industrial Kindy and nw3167 to Colortex, SA
de CV.

Thanks
Lesli
3/5983

Please rebook nw5256/5317/5370 to Hylsa SA de CV.

Thanks

Lesli
3/5983


Hi Randy,

Here's what you missed.

My personal preference is to not spend the money to check out the licensing
issues at this point since I don't have the outside counsel doing anything
now.  When John called me last week and asked the question I gave him that
opinion, and I had assumed that it had been communicated to you.  Sorry about
that!

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 02/13/2001 09:40
AM ---------------------------

Kay Mann
02/07/2001 05:47 PM
To: lhenneberry@ssd.com, mahon@pbworld.com, losi@pbworld.com
cc: Mark Bernstein/HOU/ECT@ECT

Subject: Co Op City

Hi there,

I'm forwarding a draft EPC contract for your review.  This form of contract
assumes that the equipment will be procurred by the Owner, with the
understanding that we have not resolved the issue of the timing of the
procurement of the equipment, and  how it will be procurred.

This is intended to be a discussion draft, and is subject to further Enron
review and comment.

Thanks,

Kay


Start Date: 1/13/02; DayAhead market;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002011316.txt

---- SC Trades Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ENRJ
  MKT_TYPE: 1
  TRANS_DATE: 1/13/02
  TRADING_SC: APX1
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


eProcurement

I am pleased to announce that as part of our original implementation
strategy, all current eProcurement users will receive the new version of the
eProcurement system on Monday, June 18th.

The purpose of this e-mail is to announce the upgrade of the current
eProcurement system and to encourage you to prepare yourself to use this
enhanced tool.

eProcurement Upgrade
The new version will have a number of new features:
*  Approval routing based on reporting structure and spend/approval limits
*  Ability to view approval routing before submitting your shopping cart
*  Ability to include attachments to your shopping cart
*  Ability to assign a percentage of a line item amount to multiple cost
centers

Getting Prepared
Over the next several weeks the iBuyit team will be providing you with the
following information to help you prepare for your transition to the new
system on June 18th:
*  New eProcurement System Brown Bag Session, When: May 30th, 11:30 - 1:00,
Where: Enron Building, 50M Dining Room
*  Information about the differences between the current system and the new
system
*  Information about training opportunities and resources
*  What you need to do to transition from the current system to the new system

I encourage you to review this information carefully and to take advantage of
the training opportunities.

If you have any questions about the eProcurement upgrade please contact the
iBuyit project team by sending an e-mail to <<mailto:ibuyit@enron.com>>.


-----Original Message-----
From: 	Enron Office Of The Chairman
Sent:	Wednesday, January 23, 2002 8:10 PM
To:	DL-GA-all_enron_worldwide1
Subject:	Message from Ken Lay

Earlier today, I stepped down as Enron's Chairman of the Board and Chief Executive Officer.  This decision was reached in cooperation with Enron's Board and the Creditor Committee and is effective immediately.

To emerge from bankruptcy, Enron needs a CEO who can focus 100 percent of his or her efforts on rebuilding the company.  Unfortunately, with multiple inquiries and investigations that require my immediate attention, at this time I am unable to fully concentrate on what is most important to Enron's stakeholders - preserving value for our creditors and our dedicated employees.

The Creditor Committee has begun a search for a restructuring specialist to serve as interim CEO to help the company emerge from bankruptcy.  This individual will join Enron's remaining management team to direct the company's ongoing operations.

I truly believe Enron can and will survive.  I will remain a Director of the Board to help see that it does.

During my time at Enron, I have witnessed tremendous change and opportunity.  I have seen people rigorously grow and maintain one of the world's most efficient and safest gas pipeline networks; I have seen people dedicate themselves to a cause that became a passion - the opening of energy markets; I have observed smart people come together as a team to build creative solutions like EnronOnline; and I have watched people tirelessly give of themselves to help their fellow employees and those in the community.  Regardless of what has happened, I am proud of so much of what we were able to accomplish here.

Thank you for your contributions to the company and for the inspiration you have been to me over the years.

Ken Lay


Jimbo, Carrin and I were named the co-recipients of the Anti-Defamation Leagues' Karen Susman Jurisprudence Award, which was presented to us today in the Grand Ballroom at the Hyatt Regency.  Jo Jo, Jan, Bob, Holly, Tanner, Vicki, Laura, Bud, and Carrin's Mother and Father were in attendance, as well as several hundred others, including many of the judges.  I thought you might be interested in the text of my response.  Love, Dad


You shouldn't be sorry about the fact that you need help.

K

	Enron Capital & Trade Resources Corp.

	From:  Bill Williams III                           03/15/2001 11:00 AM

To: Kate Symes/PDX/ECT@ECT
cc:

Subject: Re: 550048/550042

Thanks, sorry about that.  I appreciate the help.
B


Molly,

We would like to hire this person for the summer (standard offer).

Thanks.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/12/2001
03:22 PM ---------------------------

Zhendong Xia <dengie@isye.gatech.edu> on 04/11/2001 09:14:01 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: I am Zhendong

Hi, Dr. Kaminski:

   I am Zhendong, the student of Dr. Deng. I think Dr. Deng has sent my
resume to you. I am very happy to have an opportunity to work with you
this summer.
   I am a student in both MS qcf and Ph.d EDA programs in Georgia Tech
now. I plan to find a job in industry instead of academic after my
graduation. So I intend to do internship during the process of prusuing my
degree to acquire some experience for my future career.
   I hope to start on 5/14/2001 and end on 8/17/2001.
   Thanks a lot.

Zhendong Xia
Georgia Institute of Technology
School of Industrial and Systems Engineering

Email:   dengie@isye.gatech.edu
         dengie@sina.com
Tel  :   (H)404-8975103
         (O)404-8944318


<<303%02!.DOC>>

Kay:

We may want to go ahead and circulate the ENA Incumbency Certificate for the
escrow.  I was holding it until the Salmon Incumbency Certificate revisions
were completed by Paul Hastings so that the two documents could be
circulated simultaneously, but I'm not sure they will get that document to
us in time to do both together.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosure: 140106v2

                    Confidentiality Notice
This message is being sent by or on behalf of a lawyer.  It is intended
exclusively for the individual or entity to which it is addressed.  This
communication may contain information that is proprietary, privileged or
confidential or otherwise legally exempt from disclosure.  If you are not the
named addressee, you are not authorized to read, print, retain, copy or
disseminate this message or any part of it.  If you have received this
message in error, please notify the sender immediately by e-mail and delete
all copies of the message.

 - 303%02!.DOC


I have reviewed the Oneok Westex Transmission Agreement.  The only comment I
have is that the daily balance cashout requirements in Section F of the
General Terms and Conditions seem very burdensome.  This is really a business
call, but the 5% tolerance or cashout everyday might be difficult to
maintain.  I will leave that to you to decide Stacey.  I am OK with
everything else.


John Ale
55263
713-874-0263 (H)
713-305-8263 (M)

Gail Brownfeld
53632
713-669-9192 (H)
713-817-1813 (M)

Mary Nell Browning
011 44 207 783 6582 (W)
011 44 207 736 209 (M) (?)
011-44-207-589-5248
011-44-7768-736-209 (M)

Sharon Butcher
37224

Michelle Cash
36401

Kate Cole
31624
713-646-8007 (FX)

Britt Davis
36307
713-868-4422 (H)

Andy Edison
57105

Robert Eickenroht
33155
713-722-0466 (H)
713-851-8482 (M)

Mark Evans
011 44 207-783-5424
077 98500 445 (M)

Drew Fossum
52455
713-444-7010 (M)

Mark Haedicke
36544
713-582-2367 (M)
281-496-5276 (H)
281-496-2949 (HFX)

Elizabeth Labanowski
36710

Marc Manley
914-697-2460

Lisa Mellencamp
37986
713-305-2501 (M)

Kristina Mordaunt
36482

Jordan Mintz
37897

Limoor Neesan (SP?)
212-715-5283

Eric Newell
213-452-4885

Paula Reiker
5-7676
713-961-3172 (H)
800-957-8467 (Pager)

Rex Rogers
33069
713-304-8178 (M)
713-974-6830 (H office)
713-974-6361 (H)
713-974-6365 (HFX)
800-941-5182 (Pager)
713-869-9181 (Bowne of Houston)

Lance Schuler
35419
713-503-4456 (M)

Vicki Sharp
37413
713-822-3048 (M)
713-467-8072 (H)
713-463-0651 (HFX)

Rob Walls
66017

Bob Williams
52402; 281-414-0364 (M)
713-646-8266 (F)


Scott, Any response on the issue of earlier nom's on Transco?  I don't want
to go into the market cover this position if ENA can cover us with early
morning noms.
Let me know.

Jess


My evening was fine, just watched a little tv then went to sleep before 9pm.  It was nice to get that much sleep.  I feel really good today.  I would have loved to been at Foley's with you last nite, sounds like a lot of fun.

 -----Original Message-----
From: 	Villarreal, Alexandra
Sent:	Monday, October 29, 2001 8:40 AM
To:	Griffith, John
Subject:	RE:

hello!  how are you?

i had a good time last night.  it was fun.  they had some interesting drinks there, and good food.

how was your evening?

 -----Original Message-----
From: 	Griffith, John
Sent:	Monday, October 29, 2001 7:18 AM
To:	Villarreal, Alexandra
Subject:

Good morning, how are you this morning?  You look good as usual.  Did you have a good time last nite?  I missed being with you this morning.  It is a nice way to start the day.  I hope that everything works out with us.  I don't want to put you in a bad situation, I care about you too much.  Have a great day and I will talk/email you soon.


of course...

just kidding.  Aldo's next week. you're done.  Open up your checkbook baby.

From: Margaret Allen@ENRON on 10/13/2000 03:45 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Re: Last night

am i being ignored?


Hi guys.  I just talked to Willie in Houston and thought I'd pass along what
he told me.

He said that the Index prices are going to be automated probably by the end
of this week (that means no more manual entry).

If we have problems with the numbers in EnPower, contact Willie Harrell at
6-853-9226
If we have problems with the numbers in Unify,  contact  Kelly Lombardi at
6-345-8491

They are also training a girl named Jenny (? last name).

Thanks for all your help last week, Kate.

VA


Daily Blessing

http://www.daily-blessings.com/bless139.htm

Happy Birthday

http://www.daily-blessings.com/humor59.htm

want more coupons the next time you go shopping?  check out this link
http://www.daily-blessings.com/orcoolsavings.htm

want to know who's calling when you're online?
http://www.daily-blessings.com/callwave.htm

have you checked out this links for working from home?
http://www.daily-blessings.com/orhome.htm
http://www.daily-blessings.com/cjworkfromhome.htm

<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>
* To remove yourself from this mailing list, point your browser to:
http://inbound.postmastergeneral.com/remove?dailyblessings:10
* Enter your email address (judy.hernandez@enron.com) in the field
provided and click "Unsubscribe". The mailing list ID is "dailyblessings:10".

OR...

* Reply to this message with the word "remove" in the subject line.

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<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>


Do you have these to forward to our legal eagles?

> -----Original Message-----
> From: Nichols, Catherine
> Sent: Monday, February 05, 2001 10:39 AM
> To: Hutchens, David
> Cc: McCormick, Barbara
> Subject: ISDA
>
> Dave - In reviewing the ISDA Master Agr, Schedule and Annex, I noted in
> the Schedule that the ISDA definitions are incorporated into the Schedule
> - the reference is to the 1991 ISDA definitions - do we have these?
>
> Catherine A. Nichols
> Tucson Electric Power Company
> 1 South Church UE-201
> (520) 884-3609
> cnichols@tucsonelectric.com
>


Brando:
We already have a Master Agreement with Swiss Re in place so I don't
understand why we would enter into another one with them to do online
trades.  Please call me to discuss.  Also, Mark Tawney and Paul Henery had
sent up for my review a form of ELRIX GA Participation Agreement which I had
sent them comments and questions on.  Is that related to this?  It would be
helpful to me if perhaps you, mark and i could meet so you could explain to
me what we are trying to accomplish.  My assistant Suzanne Adams (37340) can
help you set something up.

Carol

P.S.  The agreement that you sent to me refers to ELRIX Website Terms and
Conditions and ELRIX Weather Derivatives Privacy Policy, both of which I need
to see.


trying to get a head count on who wants to go to def leppard.   everyone
knows they love def leppard so i don't want any replies making fun of me b/c
i am going to the concert.  it is march 1st and it is gonna rock.   the whole
thing is gonna be mullets and cougars so it should be fun.  let me know if
you want to go.


If you are bored try to find out what your tire guy thinks of Dunlop Winter Sport M2 tires. Is you tire guy also a wheel guy? I need some winter wheels as well.

 -----Original Message-----
From: 	Rob Laird <RLaird@natsource.ca>@ENRON
Sent:	Tuesday, August 14, 2001 11:43 AM
To:	Dorland, Chris
Subject:	RE:

Keep out of that fat category, that's all mine.....

-----Original Message-----
From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
Sent: Tuesday, August 14, 2001 9:43 AM
To: RLaird@natsource.ca
Subject: RE:

I was confused by your use of 2 spellings. Did you like my Austin Power's
reference? "I know. That's how we do it in Belgium. It's called a Belgium
dip" You are back in my good graces. Try not to confuse the dumb fat kid.

    -----Original Message-----
   From:   Rob Laird <RLaird@natsource.ca>@ENRON
   Sent:   Tuesday, August 14, 2001 10:37 AM
   To:     Dorland, Chris
   Subject:  RE:

   Wasn't questioning the chica's, like the term, thinking out loud as to
   any
   available on the scene for the kid....

   -----Original Message-----
   From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
   Sent: Tuesday, August 14, 2001 9:34 AM
   To: RLaird@natsource.ca
   Subject: RE:

   Fuck you. That's how we spell it in Belgium.

       -----Original Message-----
      From:   Rob Laird <RLaird@natsource.ca>@ENRON
      Sent:   Tuesday, August 14, 2001 10:29 AM
      To:     Dorland, Chris
      Subject:  RE:

      With open arms...Chica's? I was at a wedding this weekend with tons
   of
      chika's it was ridiculous....

      -----Original Message-----
      From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
      Sent: Tuesday, August 14, 2001 9:27 AM
      To: RLaird@natsource.ca
      Subject: RE:

      Coming to town Thursday for the weekend and hopefully moving by the
      middle
      of September. Spending Friday house shopping. I think I am going to
   end
      up
      in your neck of the woods. Seems like the best values are in that
   area.
      Are
      we going to get some snow this winter? We need to find Dorland a
   date. I
      am
      going to a wedding this weekend and there should be lots of single
      chicas
      there. I am really looking forward to being back in Cow town. Houston
   is
      painfull.

      Later

      cd

          -----Original Message-----
         From:   Rob Laird <RLaird@natsource.ca>@ENRON
         Sent:   Tuesday, August 14, 2001 10:12 AM
         To:     Dorland, Chris
         Subject:

         Sucka, when you coming to towne?

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   affiliate
      and
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   the
      intended recipient (s). Any review, use, distribution or disclosure
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   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
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   **********************************************************************


not really.  i'm sure you've already been labeled a playboy (i feel you playboy!)

it depends how superficial and silly the men are there - my sense is that they
aren't, but i don't know.

 -----Original Message-----
From: 	Jai Hawker <JHawker@petersco.com>@ENRON
Sent:	Tuesday, December 04, 2001 9:30 AM
To:	Richey, Cooper
Subject:

Do you think their would be some sort of advantage (from a career
perspective) in taking auntie to my Christmas Party?

Jai Hawker
403-261-2259
Peters & Co. Limited


Start Date: 4/26/01; HourAhead hour: 10;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042610.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 10 / Preferred:  13.00 / Final:  12.89)
  TRANS_TYPE: FINAL
  SC_ID: Wheelabrat
  MKT_TYPE: 2
  TRANS_DATE: 4/26/01
  UNIT_ID: MARTEL_2_AMFOR


Gentlemen -

Lending agreement with EPE has us short 50 mw on peak @ Palo tomorrow (25 mw under STWBOM, 25 mw under STSW). Reduce both purchase prices (713238 and 713246) to $4 after buying the power in the hour-ahead market. Sell back to El Paso @ $0. Deals are as follows:

713238 - STWBOM buys EPE
	 HLH/PV
	 25 MW @ $57

713244 - STWBOM sells STSW
	 HLH/PV
	 25 MW @ $57

713246 - STSW buys EPE
	 HLH/PV
	 25 MW @ $57

Also,
Short Term West BOM and STCA will each be short 25 mw tomorrow - on peak SP15 @ $49.69. Kysa will be entering those deals. Please let me know if you have questions.

Thanks,
Kate


Richard Bellak called to say that Gulf was providing the needed technical
information. Let me know if I can help. I may be able to help with the staff
but I don't want to interfere with a Gulf presentation. Let me know.

<<< <Gerald.Nemec@enron.com>  3/28  3:01p >>>

Russell,  I reviewed this with our business guys and they were fine with
what you represent here.  We did not check this with Tom Balcerowiz and he
needs to take a look at it.  Have your technical people gotten with Tom yet
on any of these issues?  If not then we can run it down on this end.

Our only concern was that reliability between Gulf's 230 kv system and
AEC's 115 kv system was not addressed.  It was our understanding that this
was a question of the PSC staff.  Are there plans to provide any
information concerning this item, or is no information available from AEC
for such assessment?

Any word concerning WFEC's response to our petition or any filings they
have made with the PSC?

                    "Russell A.
                    Badders"             To:     <Gerald.Nemec@enron.com>
                    <rab@beggslan        cc:
                    e.com>               Subject:     Staff Question re:
115/230

                    03/21/2001
                    09:35 AM

Please review the attached document.* Mr.  Bryant and possibly Tom on your
end may want to see this before it goes.* I  hope to transmit this to PSC
Staff Thursday March 21, 2001.*  Thanks
Russell
(See attached file: staffissue.doc.doc)


Good Morning All!

Samantha has called me earlier this morning and has indicated that she will not be in today due to a follow-up doctor visit scheduled for today.  If you should need any assistance, please feel free to call me directly.  Have a great Friday, and a fabulous weekend!

Keegan
Enron Wholesale Services
713-345-3317


FYI
---------------------- Forwarded by Ross Newlin/ENRON_DEVELOPMENT on
09/27/2000 10:29 AM ---------------------------

Katherine Padilla
09/27/2000 08:56 AM
To: Ross Newlin/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Cecilia Ramirez/NA/Enron@ENRON

Subject: Organization Chart

For your files...
---------------------- Forwarded by Katherine Padilla/ENRON_DEVELOPMENT on
09/27/2000 08:59 AM ---------------------------

	From:  Dean Frederick                           09/22/2000 08:47 AM

Sent by: Dennis Frederick
To: Katherine Padilla/ENRON_DEVELOPMENT
cc: Susan Greenwell/NA/Enron@ECT, Mitchell Hurt/Corp/Enron@ENRON

Subject: Organization Chart

Katherine

Good morning, Susan has said you have requested our organization chart for
Brownsville. If there are any questions please call.

Thanks Dean


Start Date: 4/19/01; HourAhead hour: 17;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041917.txt


Must have had an old address-- the message came back and I am resending.
Already sent to Nancy and Steve.

Debbie

Content-Transfer-Encoding: 7bit
Return-path: Dasovichd@aol.com
From: Dasovichd@aol.com
Full-name: Dasovichd
Message-ID: <db.11116a8.25d59710@aol.com>
Date: Fri, 11 Feb 2000 11:47:12 EST
Subject: Cruise update--decision time
To: charryl@pacbell.net, rrf_gibson@marad.dot.gov, jdasovi@ect.enron.com,
dasovich@inhale.com
MIME-Version: 1.0
Content-Type: text/plain; charset="US-ASCII"
X-Mailer: AOL 4.0 for Windows 95 sub 38

Hello everyone,

After much research and some delay, I have the info that I think will work
well for Mom and Dad.  I tried to combine a NICE cruise (good food,
accommodation, itinerary) with cost.

Here's what I have come up with:

Princess Cruises
Dawn Princess (ship), July 17 departure, 7 night cruise
Vancouver-Inside passage-Ketchikan-Juneau-Skagway-Glacier Bay-College Fjord
crossing-Seward(Anchorage)
Outside room with balcony
$2555.45/per person

I also think that they should spend a day in Vancouver before the cruise.
That adds $258/night (I think they should stay 2 nights--they fly up
Saturday, have Saturday night and Sunday, board the ship on Monday).  The
somewhat high price is because they stay at either the Four Seasons or Sutton
Place.

The total is $6026 or $1506 for each of us (if I did the math right--check
it).  This price includes airfare, port charges, all food etc on board. It
doesn't include alcohol or sodas on board, any excursions taken in port
(sightseeing tours), tips for cabin steward, waiter and busboy (about $200
for the trip). So we could also throw in a few hundred dollars of mad money.

This price ($2555.45 per person with the hotel in Vancouver) is really
great--they are doing some kind of special.  Holland America is much more and
a comparable cruise with no balcony is $2440).

I have a reservation for them which is good until Monday.  There is a $500
deposit required with the balance due 60 days before departure.

Let me know what you think--comments, etc.

Debbie


----- Forwarded by Miyung Buster/ENRON_DEVELOPMENT on 10/09/2000 09:27 AM
-----

	djcustomclips@djinteractive.com
	10/04/2000 04:25 PM
	Please respond to nobody

		 To: 86464@WCTOPICS.djnr.com
		 cc:
		 Subject: Utilities, Electric: Deregulation: USA: Calif. utilities seek ISO
power price cap cut to ...

Reuters
USA: Calif. utilities seek ISO power price cap cut to $100.
?
10/04/2000
Reuters English News Service
(C) Reuters Limited 2000.

SAN FRANCISCO, Oct 4 (Reuters) - Pacific Gas and Electric Co (PG&E) said
Wednesday it is joining with Southern California Edison and a California
consumer group to seek a reduction of the Independent System Operator (ISO)
price cap for electricity to $100.00 per megawatt hour (MWh) from the current
$250.00 cap.

PG&E, the utility subsidiary of San Francisco-based PGOCorp. , proposed the
lower price cap as part of a broader package of steps it is taking to "make
sure the California power market can operate more efficiently," a company
official told reporters at a briefing here.

Southern California Edison is the utility subsidiary of Edison International
, based in Rosemead, Calif.

PGOsaid the request was backed by The Utility Reform Network (TURN), a San
Francisco-based consumer group that has protested against soaring electricity
prices as a result of California's bid to deregulate its electricity industry.

The California ISO, established as part of the deregulation effort, oversees
the operation of about 75 percent of the state's power grid, serving some 27
million people.

The move by PGOand Edison follows a summer of chaos in the California power
market, where a shortage of electricity generated within the state and open
market power pricing sent the cost of wholesale power to nearly twice its
historical average, frequently trading above the proposed $100.00 cap.

Folder Name: Utilities, Electric: Deregulation
Relevance Score on Scale of 100: 97

______________________________________________________________________
To review or revise your folder, visit Dow Jones CustomClips or contact Dow
Jones Customer  Service by e-mail at custom.news@bis.dowjones.com or by phone
at 800-369-7466. (Outside the U.S. and  Canada, call 609-452-1511 or contact
your local sales representative.)
______________________________________________________________________
Copyright (c) 2000 Dow Jones &Company, Inc. All Rights Reserved


-----Original Message-----
From: 	Dobin, Nora
Sent:	Monday, November 26, 2001 4:04 PM
To:	Rozycki, Joanne; Armogida, Jim
Cc:	DeSpain, Tim
Subject:	RE: Morgan Stanley & Co. Draft

This appears to be change of authorized signatories direction and looks ok.  You might indicate the title of each person authorized to sign and insert Enron Corp. beneath Sincerely, and By: in front of each signature line.

Regards, NJD

 -----Original Message-----
From: 	Rozycki, Joanne
Sent:	Monday, November 26, 2001 3:01 PM
To:	Dobin, Nora; Armogida, Jim
Cc:	DeSpain, Tim
Subject:	Morgan Stanley & Co. Draft

The attached document is being forwarded at the request of Sara Shackleton.  Please let her know by email whether or not you have any objection to execution of the attached document.  Tim Despain is okay with it.

 << File: DRAFT.doc >>

Joanne Rozycki
Senior Administrative Assistant
Enron North America Corp.
1400 Smith Street, EB3880D
Houston, TX  77002
Phone:  (713) 853-5968     Fax:      (713) 646-3490
Email:   joanne.rozycki@enron.com