The application and draft order were hand delivered to the Louisiana
House and Senate Natural Resources Committee on Sept. 26.  By statute,
the committee has 15 days within which to consider the application and
make comments.  I would expect that the order be returned to DNR on Oct.
12, with the final order coming the following week.

Lawrence J. Hand, Jr.
Lemle & Kelleher, L.L.P.
601 Poydras Street, Suite 2100
New Orleans, Louisiana 70130
Phone: 504-586-1241
Fax: 504-584-9142
PRIVILEGED & CONFIDENTIAL COMMUNICATION: DO NOT read, copy or
disseminate this communication unless you are the intended addressee.
This communication may contain information that is privileged,
confidential and exempt from disclosure under applicable law. If you are
not the intended recipient, you are on notice that any unauthorized
disclosure, copying, distribution, or
taking of any action in reliance on the contents of the electronically
transmitted materials is prohibited. If you have received this
communication in error, please call (collect) immediately at (504)
586-1241 and ask to speak to the sender of the communication. Also,
please notify immediately via e-mail the sender that you have received
the communication in error.


For those with too rosey an outlook......


Mark:

Attached is my current workload report.  I'm beginning to get nervous about
meeting traders' expectations as I am taking vacation from June 14 - 22
(seven business days) and I don't know who will be able to pick up my
emergencies and routine issues.

I have some idea about Mary's and Frank's workload and I have the impression
that Brent is constantly busy with weather.  I'd like to briefly discuss
Cheryl's workload  I think it would be a good idea to have everyone submit a
status report of sorts to you so that you can assess how much is "project"
oriented vs. routine, specific commodity areas, and volume.

FYI, I am trying to limit Cheryl's activity with Gary's group to brokerage
agreements only.  The huge volume of activity on the brokerage end was
apparently the result of a recent audit by AA and effort to "cleanup" the
agreement status.  It should be winding down.  I have encouraged Cheryl (as
have Frank and Mary) to provide you  with a workload report since we really
want her to be trained in the swap basics.

Also, I will try to schedule a conference call with David Mitchell, you and
me before I leave (topic is online trading of credit derivatives).
Currently, only ECL is offering the bankruptcy default swap online (and no
one is hitting the product).

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


Hey Homey, I really do need to leave at 5:00.  If anything changes I will let you know.

   Thanks

From:	Patrice L Mims/ENRON@enronXgate on 11/08/2001 04:14 PM
To:	Ora Cross/HOU/EES@EES
cc:
Subject:	RE: What's Going On

Are you on Enron's MSN Instant Messenger?  Will you be ready at 5 today?

 -----Original Message-----
From: 	Cross, Ora
Sent:	Thursday, November 08, 2001 11:15 AM
To:	Mims, Patrice L.
Subject:	Re: What's Going On

I hear you my sistah.  You are so right...........................however, LIFE IS GOOD.  (Smile)

From:	Patrice L Mims/ENRON@enronXgate on 11/08/2001 10:56 AM
To:	Ora Cross/HOU/EES@EES
cc:
Subject:	What's Going On

What's happening down in your area?  It's very scary.  You just don't know what's going to happen!  It's a crying shame what's happening to Enron.  Who would have ever thought this?


http://www.consultrci.com

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===============================================================
SCIENTECH IssueAlert, November 28, 2000
Duke Energy Offers Fixed-Priced Electricity Package for SDG&E
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Duke Energy, through its business unit Duke Energy North America (DENA),
has submitted an offer to manage San Diego Gas & Electric's (SDG&E) 3,300-MW
electricity load. The offer would establish a fixed price of 6 cents per
kilowatt-hour for wholesale power supply for the next five years, based
on market prices for electricity and natural gas as of Nov. 17, 2000. DENA's
proposal, which takes into account SDG&E's seasonal and hourly load
requirements
and has a 3-percent annual adjustment for inflation, was included in comments
submitted to the Federal Energy Regulatory Commission (FERC) last week
in response to the commission's proposed remedies for California's electricity
market.

ANALYSIS: As has been well documented in this column and elsewhere, SDG&E
customers witnessed a staggering increase in the price of their electricity
last summer and into this fall, which resulted primarily from an ongoing
imbalance between supply and demand in the state of California. In addition,
other contributory factors have included the state's economic growth, lack
of new power plants over the last decade, unstable existing generation,
and the uncertainty of import prospects.

As SDG&E's rate freeze had been lifted last spring, customers of the utility
were exposed to retail electricity prices that often exceeded 18 cents
per kilowatt-hour, compared to the 6.5 cent per kilowatt hour maximum they
had become accustomed to under the rate freeze. The problem persists as
all three utilities in the state face high wholesale electricity prices.
However, SDG&E customers are as of yet the only ones in the state who bear
the brunt of the high prices as a rate freeze remains in effect for
California's
other two IOUs, SCE and PG&E.

DENA is proposing to FERC that it be granted the right to provide power
for the totality of SDG&E's 3,300 MW electricity load. In return, DENA's
proposed fixed rate of 6 cents per kilowatt hour (plus annual 3-percent
increases) presumably will be much lower than the cost SDG&E customers
will continue to face without such a contract. DENA's proposal has been
made possible as a result of FERC's proposed order that was issued last
month, outlining a major overhaul of California's energy market. Since
competition began in the state in the spring of 1998, the three California
IOUs were required to buy their power from the state's Power Exchange.
FERC's order proposes to eliminate the requirement of buying from the PX,
which essentially permits the three IOUs to establish bilateral contracts
with energy suppliers. DENA has seized upon this opportunity to gain a
very lucrative contract, while at the same time attempting to protect SDG&E
customers from exorbitant electricity prices.

So, what is SDG&E's response to DENA's proposal? I spoke with Doug Kline,
spokesperson for the utility, yesterday afternoon. Kline pointed out that,
first of all, SDG&E has not yet received any offer from DENA and that "all
we've seen thus far is a press release." Kline suggested that it was a
public relations strategy on the part of DENA to first submit its proposal
to FERC and that, ultimately, SDG&E would be the one to accept DENA's offer.
In order to speak in detail on DENA's proposal, Kline said he would need
to see an actual contract, which has yet to materialize. Kline did disclose
that locking up long-term contracts for SDG&E customers, based on today's
high prices, would have to be seriously questioned by the utility, especially
considering that new generation will be coming online in California over
the next few years.

Beyond that, SDG&E is fielding other offers from energy suppliers, and
in fact has established long-term contracts with other providers, which
remain unidentified, for 50 percent of the power it buys on the wholesale
market. Back in September, the CPUC granted approval for SDG&E (as well
as SCE and PG&E) to purchase 50 percent of its power in forward markets,
with the other 50 percent still coming from the PX. For SDG&E, this amounts
to 1,900 MW of its total electricity load. Kline said that SDG&E would
need to compare DENA's offer with those received or accepted from other
energy suppliers to know if it represents a good deal for SDG&E customers.

At the same time, Sempra Energy*SDG&E's parent company*has made its own
proposal to FERC, urging the federal regulators to order refunds for SDG&E
customers and place a rate cap on wholesale rates, based on generators'
actual fees. Under FERC's proposed order, the commission suggested a "soft
rate cap" of $150/MWh. It's referred to
as "soft" because sellers may bid above this level and receive their bid
if they are dispatched, but anything higher than $150/MWh will not set
the price that all generators will receive. Also, any generator setting
a bid above the soft rate cap must report their bid to the Commission,
and presumably fall under intense scrutiny.

This is not the first attempt that DENA has made to, as it says, "fix the
crisis" in California. In fact, back in August DENA offered California
Governor Gray Davis a deal in which the company would deliver 3,000 MW
of new supply to the state through the construction of generation facilities,
and provide all three IOUs with five-year, fixed-priced supply contracts.
Although Gov. Davis did not finalize a deal that would apply to all three
IOUs, SCE and PG&E proceeded with their own wholesale electricity contracts
with DENA. Both deals were sealed within the last month, although the specific
prices of the contracts are proprietary.

DENA has also proceeded with building new generation in the state. Just
two weeks ago, the company broke ground on a $525 million modernization
of its Moss Landing Power Plant in Monterey County. The modernization effort
is projected to add 1,060 MW of new capacity to site's current 1,500 MW
and create the state's largest power plant. DENA claims that, when completed,
the 2,560 MW that the plant will produce will generate enough wholesale
electricity to serve approximately 2.5 million households. In addition,
DENA has pending applications with the California Energy Commission to
modernize and expand two other power plants in California (Morro Bay and
South Bay power plants).

DENA's motivations are pretty understandable. The company may espouse good
intentions of helping California recover from its crisis but, realistically,
energy suppliers stand to make an awful lot of money from the state. I
started to notice the trend last month as 3Q earnings were reported. Virtually
every company that is active in California's wholesale market reported
a significant increase in earnings, reflective of the summer price volatility.
DENA was no exception. As a whole, Duke Energy reported record 3Q earnings
of $2.08 per share, a 73-percent increase over earnings per share of $1.20
for 3Q 1999. The company's North American Wholesale Energy*comprised of
DENA and Duke Energy Merchants*posted sharply higher gains with EBIT of
$231 million, a 175-percent increase over 3Q 1999. According to Duke Energy's
report, DENA achieved strong performance from its fleet of merchant power
plants and from natural gas and power trading activities.  DENA remains
on schedule to deliver approximately 3,200 megawatts of new merchant
generation
(nationally) in time for summer 2001.

Moreover, it is as of yet unknown whether or not DENA's offer truly benefits
SDG&E and its customers. The proposal certainly benefits DENA, however,
especially if the company can lock in a contract that is based on current
high prices and includes annual increases. Securing SDG&E customers under
these factors would be a major coup for DENA in the California market,
but how it stacks up against SDG&E's other unnamed offers remains to be
seen.
==============================================================
Learn more about SCIENTECH's Issues and Analysis products and services
at:
http://www.consultrci.com/web/rciweb.nsf/web/Depts-IA.html
==============================================================

SCIENTECH is pleased to provide you with your free, daily IssueAlert. Let
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Sincerely,

Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
Feedback regarding SCIENTECH's IssueAlert should be sent to
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===============================================================

SCIENTECH's IssueAlerts are compiled based on independent analysis by
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Start Date: 4/22/01; HourAhead hour: 8;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042208.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 8 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 8 / Preferred:  60.53 / Final:  60.50)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/22/01
  SC_ID: EPMI


John,  FYI (since Louise is out.)   JR

 -----Original Message-----
From: 	Rub, Jenny
Sent:	Monday, January 28, 2002 7:26 AM
To:	Piper, Greg; Beck, Sally; Kitchen, Louise
Cc:	Webb, Jay; Meinel - UBS, Matt; Spiller, Tina; Estrada, Mercedes E.; Valdez, Christina; Weatherstone, Mary; McAuliffe, Bob; Dziadek, Keith; Gubser, Marlin; Cox, Paige; Bucknell, Martin; Schoppe, Tammie; Martinez, Bob; Harrelson, Mike; Jones, Robert W.- HR Exec
Subject:	Out of Office

I will be on vacation Thursday and Friday, January 31st and February 1st (that's this week).

In my absence, please call Martin Bucknell for Estate issues and Bob McAuliffe for Netco issues.  Their contact numbers are:

Martin Bucknell
Wk:	713-853-1900 [Rub, Jenny]  713-853-1800
Cell:	713-240-9424

Bob McAuliffe
Wk:	713-853-7468
Cell: 	713-504-1694

I will have my Blackberry and cell phone with me, but I don't know how good the reception will be at the spa or the bar.....


She is there in her capacity as WGSI until you agree with me that Enron
should oppose this bill.  Hint, hint.  Have you heard from Harry or Jim S.
or Parquet?  Mike

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:51 AM
To: MDay
Cc: Harry.Kingerski@enron.com; James.D.Steffes@enron.com;
'Jeff.Dasovich@enron.com'; Leslie.Lawner@enron.com; MDay;
Paul.Kaufman@enron.com; Susan.J.Mara@enron.com
Subject: RE: AB 23XX Bad Bill Alert

Thanks very much.  I'm assuming that Bev is there in her capacity as
lobbyist for Wild Goose on this one?

Can you please let me know 1) the outcome of the meeting and 2) any actions
the group intends to take.  I'm here in Sacramento, have alerted Hedy, told
her that we're trying to gather more intelligence, and that you and your
client are attempting to get folks together to mount opposition.  Give me a
call on my cell phone to fill me in on what the group decides.

Finally, what information do you have about where generators and other
large customers groups (i.e., CMTA, the Chamber and CLECA) are on the bill?

Best,
Jeff

                    MDay

                    <MDay@GMSSR.c        To:     "'Jeff.Dasovich@enron.com'"

                    om>                  <Jeff.Dasovich@enron.com>,

                                         James.D.Steffes@enron.com

                    07/17/2001           cc:     Harry.Kingerski@enron.com,

                    12:38 PM             Paul.Kaufman@enron.com,
Susan.J.Mara@enron.com,
                                         Leslie.Lawner@enron.com, MDay
<MDay@GMSSR.com>
                                         Subject:     RE: AB 23XX Bad Bill
Alert

Jeff;
In response to your questions, I cannot explain why everyone missed this
bill in the past, I have raised it to the attention of my clients twice in
the last two months.  However, now that it is moving they have got the
message.  Williams (Kern River) is going to host a meeting today to create
a
coalition to oppose the bill.  Bev Hansen knows where the meeting will take
place.  In addition to Williams, I understand that Questar, WSPA, and other
retail customer groups will join the coalition and oppose the bill.  My
client Wild Goose will also be listed in opposition, but they don't carry
that much clout or name recognition so far.  I am hopeful that other groups
will surface soon.

As for the bill itself, the problem is two fold.  First, the CPUC decides
what infrastructure to build at the request of the utilities.  They take
input from customers, but Loretta is a command and control type all the
way,
and she will try to scare away private capital investment by interstate
pipelines by mandating that the utilities build a gold-plated
state-regulated system.  While the bill does not (and cannot legally) bar
interstate pipelines from coming into the state, it has provisions which
will prevent large customers from signing up with the interstates.  The
large customers have to commit to take firm service on a 5 year basis with
exit fees.  If they don't take this, they can only get interruptible
service
from the utilities.  Many if not all large customers, especially generators
cannot afford to take partial service from an interstate and have only
interruptible access to the LDC system.  This is the same dilemma that the
RLS tariff caused.  My belief is that the obligation on the part of the
commission to provide the utilities with cost recovery for the new
investments will be used as justification by the utilities for another
attempt to reinstitute the RLS tariff or an onerous peaking rate.  The
Commission will impose a premium price on service to customers who have not
undertaken the firm 5 year commitment and will therefore be unable to
economically take partial requirements service from an interstate.  My view
is based on Sempra's reaction to the current peaking rate proposed decision
and statements by Lynch's office.  This could interfere with Enron gas
sales
over the interstates, and would certainly threaten any Transwestern plans
for building across the border into California, although that does not
appear to be a high priority at this time.  This bill will also make it
more
costly to develop gas supply arrangments for new power plants which had
hoped to direct connect to interstate pipeline capacity for a portion of
their needs.

Please call if you have further questions.  Mike Day

-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Tuesday, July 17, 2001 10:09 AM
To: James.D.Steffes@enron.com
Cc: Harry.Kingerski@enron.com; Paul.Kaufman@enron.com;
Susan.J.Mara@enron.com; Leslie.Lawner@enron.com; MDay@GMSSR.com
Subject: Re: AB 23XX Bad Bill Alert

I've taken a quick look at the bill and have attached for easy viewing.
Few questions.

Mike,
   I understand from our conversation yesterday that your following this on
   behalf of Questar.  Do we know if the other pipelines have been active
   in any discussions on this bill?
   What about the generators?  Have then been involved, since presumably,
   their in need of lots more capacity (and they're referenced in the
   bill)?
   What about large customers?  They been screaming for more
   infrastructure, too, and many have blamed SoCalGas (and the PUC) for not
   delivering it.
   Do we know if pipelines, generators, large customers are supporting or
   opposing the bill?  I'll try to check around, too, in between the
   electric mayhem.
   There doesn't seem to be anything in the bill that prevents the
   interstates from building into the state.
   If that's true, wouldn't the PUC take those projects into account when
   doing its analysis and only require the utility to construct (and
   noncore to take) capacity that isn't already being met by others (i.e.,
   interstates) bringing pipe into the state?

Any info you can provide on these fronts would be very useful.  Don't want
Enron too far out in front of opposition until we find out a bit more
regarding 1) whose fer and agin it and 2) analysis of what the bill
actually does/does not do.

Thanks again for the heads up.

Best,
Jeff

(See attached file: 23XX.pdf)

                    James D

                    Steffes              To:     Harry
Kingerski/Enron@EnronXGate
                                         cc:     Jeff
Dasovich/NA/Enron@Enron, Susan J
                    07/17/2001           Mara/NA/Enron, Paul
Kaufman/Enron@EnronXGate
                    07:43 AM             Subject:     AB 23XX Bad Bill
Alert

Harry --

Can you track down this bill and determine impact?  We'll discuss on
Thursday.

Jim
---------------------- Forwarded by James D Steffes/NA/Enron on 07/17/2001
07:43 AM ---------------------------

MDay <MDay@GMSSR.com> on 07/16/2001 06:03:33 PM

To:   "'Bev Hansen, Enron lobbyist'" <bhansen@lhom.com>, "'Hedy Govenar,
      Enron Sacto lobbyist'" <hgovenar@govadv.com>, "'Scott Govenar, Enron
      lobbyist'" <sgovenar@govadv.com>, "'Harry Kingerski'"
      <hkingers@enron.com>, "'Jim Steffes, Enron'" <jsteffe@enron.com>
cc:

Subject:  AB 23XX   Bad Bill Alert

Is AB 23XX moving with a chance of passage?   I just learned that this
Pescetti bill that was AB 1425 was revived as a 2X bill.  It is very
anti-competitive, and could hurt a number of TW, EES, or ENA gas deals by
binding customers to 100% utility service through the imposition of large
exit fees by the CPUC.  If there is a chance that it moves, we need to
discuss the effect of this bill.  Mike Day

http://info.sen.ca.gov/pub/bill/asm/ab_0001-0050/abx2_23_bill_20010625_amend

ed_sen.pdf


Did I get Charles Johnson and Ahman Green?

---------------------- Forwarded by Michael W Morris/HOU/ECT on 11/03/2000
13:17 ---------------------------

Michael W Morris
11/01/2000 15:58
To: Martin Cuilla/HOU/ECT@ECT
cc:
Subject: Week 10

I want Charles Johnson PHI and put Kurt Warner STL on IR. I'll bid 15 for
Johnson.

I want Ahman Green GB and cut Tony Martin MIA , I'll bid 50 for Ahman.


Return-path: <VKaminski@aol.com>
From: VKaminski@aol.com
Full-name: VKaminski
Message-ID: <7f.f1b03d5.279c7f05@aol.com>
Date: Sun, 21 Jan 2001 13:05:57 EST
Subject: Fwd: Collaborative Effort
To: VKaminski@aol.com
MIME-Version: 1.0
Content-Type: multipart/mixed; boundary="part2_dd.f22d679.279c7f05_boundary"
X-Mailer: 6.0 sub 171

Return-Path: <Vince.J.Kaminski@enron.com>
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<vkaminski@aol.com>; Fri, 19 Jan 2001 17:24:46 -0600
Subject: Collaborative Effort
To: vkaminski@aol.com
Date: Fri, 19 Jan 2001 17:24:41 -0600
Message-ID: <OF9C9F275A.ADE78E3C-ON862569D9.00809946@enron.com>
X-MIMETrack: Serialize by Router on ENE-MTA01/Enron(Release 5.0.6 |December
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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/19/2001
05:27 PM ---------------------------

Al Arfsten <arfsten@bflassociates.com> on 01/16/2001 03:12:48 PM

To:   vkamins@enron.com
cc:
Subject:  Collaborative Effort

Vince:  I am very enthusiastic about your interest and possible
contributions towards a 22nd Century human blood system.  I have
attached a letter that discusses the endeavor.  Please note that it has
a built-in automatic release in the event you need to terminate.  It has
a confidentiality statement as well.  If it is acceptable, please sign
it and fax it back to me at 713 965 2114 at your earliest convenience.
Al Arfsten

(See attached file: Kaminski Acceptance  011601.doc)

 - Kaminski Acceptance  011601.doc


COLUMBIA GULF TRANSMISSION COMPANY
                        NOTICE TO ALL INTERESTED PARTIES
                                NOVEMBER 19, 2001

Notice ID: 3279
5 - NO RESPONSE REQUIRED

For after hours business on weekdays a Columbia Gulf Representative will be
available to assist you at the below phone numbers.

For the weekend of November 22nd through November 25th, which includes the
Thanksgiving holidays, the Columbia Gulf Representative available to assist you
will be:

                             Carla Williams

The following phone numbers can be used to contact Columbia Gulf:

                            713-305-1469
                                 or
                            713-267-4550

Please note that the Columbia Navigator system is unavailable every Sunday from
11:00 p.m. (Eastern) until Monday at 6:00 a.m. (Eastern) for routine system
maintenance.


Jeff, great job this morning on CNBC.  You were on during our morning crude/products meeting, and the guys were clapping adn doing the old Arsenio Hall thing at the end of the interview...

We get these South American reports frequently from our competitive intelligence group, and they are usually very good, politically, and economically.  I can forward them to you, or add you to the distribution list if your interested.

The other Jeff

 -----Original Message-----
From: 	Fitzsimmons, Brendan
Sent:	Thursday, July 12, 2001 12:36 PM
To:	Shankman, Jeffrey A.; Hickerson, Gary; Hannon, Kevin; Kinneman, Jeff; Fiala, Markus; Pizzolato, Paul; Gordon, Michael; Shahi, Pushkar; Stuart III, William; Su, Ellen; Seyfried, Bryan; Wiggs, Brett; Shapiro, Richard; Collonges, Remi; Lee, Derek; Scott, Eric
Cc:	Tholan, Scott; Johnston, Robert
Subject:	Please Read - Argentina/Brazil Alert
Importance:	High
Sensitivity:	Confidential

Everything is fluid at the moment as the Argy conf. call at 9 this morning did not have its intended effect in the markets.  We will update as we get further reports.

Brendan Fitzsimmons 713.345.4763
Robert Johnston 713.853.9934

Here's what we know:

INSIDE ARGENTINA
Cavallo is at the edge, very reliably reportedly asking for more power from De La Rua or else.  Markets are already rife with resignation rumors
Domestic political opposition to deficit cut plan is general in Argentina - both in coalition and among opposition, particularly federal v. provincial leaders.  Implementing past cuts still incomplete and willingness to take further local, domestic pain for international markets is very weak.
Efforts afoot to try and swap out of short-term Letes (91-day) debt into 1 year, but current conditions (200%+ overnight rates) make it all but impossible

USTreasury, IMF
There is no sign of any willingness, either at the IMF or Treasury, to do anything for Argentina.  Recent events have only confirmed O'Neill's bias against bail-out - he believes it will only be a temporary save and that current problems will be constantly revisited going forward
USTreasury briefed Fed yesterday on strategy and the bottom line is that Brazil is seen as the best place to make a stand.  There are three arguments behind this:
	- First, there is nothing that can reliably save Argy at this point and it is better to husband resources and credibility for use elsewhere if Argy blows-up;
	- Second, there are reasons to support Brazil, both for itself and for international contagion concerns: defending Brazil is the best way to quarantine 	  Argy effects; Brazil has problems internally, but they are seen a more likely to be solved than in Argy aid that they have been exacerbated by Argy;
	- Third, defending Brazil is seen as first line defense of Mexico, which is seen as necessary to defend for domestic US political and economic reasons, apart 	  from the additional international concerns.


Phillippe:  Please convey to your people how important it is that they
monitor compliance with this policy and let me know about any violations.
Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 11/08/2000 01:52 PM -----

	Mark Frevert@ENRON
	Sent by: Enron Announcements@ENRON
	11/07/2000 09:44 PM

		 To: ENA Employees
		 cc:
		 Subject: E-Mail and Voicemail Retention Policy

As a reminder, ENA,s policy regarding retention of electronic mail, including
Lotus Notes mail, Internet e-mail, cc:mail and voicemail is as follows:

Message Location    Maximum Retention

Inbox       30 Days
Message Log/Sent Mail   30 Days
Trash       Rollover from Inbox for 15 days
Bulletin Boards     30 Days
Folders/Archives    E-mails placed in Folders or Archives ) one year
Voicemail     90 days

E-mail and voicemail older than the maximum retention will be purged
automatically by IT, which is responsible for monitoring compliance with this
policy.  Any exception to this policy requires approval by Mark Haedicke or
Richard Sanders.

Mark Frevert and Mark Haedicke


All -

Attached is a proposed agenda for Monday's meeting at CMTA's offices
in Sacramento. I haven't been able to reach everyone to confirm who's
attending, so please call or email me with any corrections to the
list (or with any other comments, for that matter).

Otherwise, looking forward to seeing you on Monday - John
 - Proposed_Agenda-4=24=00.doc
John Nimmons & Associates
Legal, regulatory & business strategies for sustainable energy
1110 Capitol Way S., Suite 307  Tel: 360/786-6040
Olympia, WA 98501   Fax: 360/786-6190

For those of you who cannot attend but would like to participate by phone,
here
is the information:

Phone number: 1-888-727-8686
ID number: 888-2585#


Ben,

Here is Barry's resume.  Please forward it on to your brother in law and let
me know what he thinks.

Thanks,
BG

Bryan Garrett
Global Bandwidth Trading
Enron Broadband Services

Phone - (713) 853-7993
Mobile - (713) 256-6668

bryan_garrett@enron.net

www.enron.net


Mark,
I like this one.  Although the essential functions discusses the major
requirements, I don't believe that any one person can meet all points.  I
will need to update and learn more about item #8.  Otherwise I am a 90% fit
for this one.
Kelly
----- Original Message -----
From: <Mark.Taylor@enron.com>
To: <kmclark@cinternet.net>
Sent: Thursday, July 05, 2001 4:16 PM
Subject: CONSTRUCTION ENGINEER

> CONSTRUCTION ENGINEER
>
> ESSENTIAL FUNCTIONS: Primary Function: Under direction from the Assistant
> Superintendent, Resident Engineer, Chief Construction Supervisor or
> Construction Supervisor or Construction Supervisor, may perform a variety
> of engineering or supervisory functions in the construction phase of a
> project. Typical Duties:
1. Reviews all documentation, prints and correspondence relating to assigned
areas of responsibility.
2. Prepares and maintains checklists, punch list, flow diagrams and
procedures.
3.Coordinates between Construction Supervisors and Project Engineering to
> rectify technical problems associated with the construction phase of the
project.
4. Inspects components for conformance to specifications and standards and
equipment and rigging devices for suitability.
5. May supervise field survey parties in the layout of lines and grades and
other
> site preparation work.
6. Coordinates the activities of contractor in their area of responsibility
and monitors their activities to ensure that construction proceeds according
to technical specifications, within the
> construction schedule, and in accordance with applicable safety
regulations
> and quality requirements.
7. Assumes responsibilities of a Construction Supervisor when the work is
being performed by contractor personnel, rather than force account
employees.
8. Performs locally required designs for temporary facilities.
9. Coordinates construction activities with the Quality Control function to
satisfy the requirements or engineering codes, such as, ASME III and directs
the preparation of required isometric
> drawings.
10. Maintains accurate records of work progress and keeps his Supervisor
informed as to problem areas and delays.
11. Implements company policy of equal opportunity through affirmative
action.
12. Performs other related duties as assigned.
>
>
> ESSENTIAL REQUIREMENTS: Skills, Knowledge, Qualifications and Experience:
> Three to six years of experience in the construction of power and process
> facilities.
>
>
> PREFERRED SKILLS: NA.
>
>
> SPECIAL CHARACTERISTICS: NA.
>
>
> CONTACT: FAX# 425-415-3199 E-Mail colemanb@nepco.com
>
>
> (Embedded image moved to file: pic18823.pcx)
>
>
> |---------------+------------------------------------|
> |               |                                    |
> | Job ID        | 0000106404                         |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Department    | ENGINEERING & CONSTRUCTIO          |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Company       | GLOBAL FUNCTIONS ENGINEER &        |
> |               | CONSTRUCT - NEPCO                  |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Location      | n/a                                |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Type          |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Pay           | n/a                                |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | FLSA class    |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Manager       | PETTY SR,FRANKLIN                  |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Recruiter     | CBROWN2                            |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Log           | n/a                                |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Grade         | SAL13.02.02                        |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Response      | NA                                 |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Relocation    | Y                                  |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> |               |                                    |
> |               |                                    |
> |---------------+------------------------------------|
> |               |                                    |
> | Posting date  | 07-JUN-01                          |
> |               |                                    |
> |---------------+------------------------------------|
>
>
>
>
>
>


Hi John

Just wanted to let you know that we still have not heard from TVA, re dual
interconnect with Southern. In the next week or so we will give them a call.
On the Gleason facility, TVA has been relatively helpful and has agreed to
let us go "commercial" sooner than they otherwise would be required to.
Maybe this is a thawing of relations.  Just dreaming.

Talk to you soon.

Hope all is well.

Elizabeth


Can you do find the same info for SAPPI as you did for Weyerhaeuser yesterday?

thanks,
Monika
 -----Original Message-----
From: 	Juvane, Danilo
Sent:	Wednesday, August 29, 2001 9:34 AM
To:	Causholli, Monika
Subject:	RE: do you need smth to do?

please, I am dying here

 -----Original Message-----
From: 	Causholli, Monika
Sent:	Wednesday, August 29, 2001 9:33 AM
To:	Juvane, Danilo
Subject:	do you need smth to do?


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/30/2000
08:11 AM ---------------------------

"Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/29/2000 03:02:41 PM
To: <Vince.J.Kaminski@enron.com>
cc:
Subject: Re: Hello from Vince Kaminski at Enron

That will be a great talk
/////////////////////////////////////////////////////////
Shmuel S. Oren, Professor
Dept. of Industrial Engineering
        and Operations Research
4117 Etcheverry Hall
University of California
Berkeley, CA 94720-1777
e-mail: oren@ieor.berkeley.edu
phone: (510) 642-1836 or 5484
Fax:      (510) 642-1403
///////////////////////////////////////////////////////////

----- Original Message -----
From: <Vince.J.Kaminski@enron.com>
To: <OREN@queue.IEOR.Berkeley.EDU>
Cc: <Vince.J.Kaminski@enron.com>; <Ashley.Baxter@enron.com>
Sent: Tuesday, August 29, 2000 5:01 PM
Subject: Re: Hello from Vince Kaminski at Enron

>
> Shmuel,
>
> The date of our trip to Berkeley has been set. It will be October 16th and
> 17th
> (Monday and Tuesday).
>
> I shall be glad to make a presentation on energy derivatives markets
> (development of the markets in the US and Europe, valuation difficulties,
> Enron's role
> in developing the forward markets for natural gas and electricity).
>
> Please, let me know if this topic would be of interest to you. If this is
> the
> case, I shall follow with a title and an abstract.
>
> By the way, are you free for dinner on Monday?
>
> Vince
>
>
>
>
>
>
> "Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/24/2000 08:59:38 AM
>
> To:   "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> cc:
> Subject:  Re: Hello from Vince Kaminski at Enron
>
>
> Great. Our seminars are 3:30 to 5PM. If it works for you please send me a
> title and abstract.
> /////////////////////////////////////////////////////////
> Shmuel S. Oren, Professor
> Dept. of Industrial Engineering
>         and Operations Research
> 4117 Etcheverry Hall
> University of California
> Berkeley, CA 94720-1777
> e-mail: oren@ieor.berkeley.edu
> phone: (510) 642-1836 or 5484
> Fax:      (510) 642-1403
> ///////////////////////////////////////////////////////////
>
> ----- Original Message -----
> From: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>
> To: "Shmuel Oren" <OREN@queue.IEOR.Berkeley.EDU>
> Cc: "Vince J Kaminski" <Vince.J.Kaminski@enron.com>; "Ashley Baxter"
> <Ashley.Baxter@enron.com>
> Sent: Thursday, August 24, 2000 9:58 AM
> Subject: Re: Hello from Vince Kaminski at Enron
>
>
> >
> >
> > Shmuel,
> >
> > Thanks for the message. I am working with our recruiter, Ashley Baxter,
> > to finalize the date of the trip. I shall shoot for October the 23rd
> > if this date works for the rest of our team.
> >
> > Vince
> >
> >
> >
> >
> >
> >
> > "Shmuel Oren" <OREN@IEOR.Berkeley.edu> on 08/23/2000 11:46:19 AM
> >
> > To:   Vince J Kaminski/HOU/ECT@ECT
> > cc:
> > Subject:  Re: Hello from Vince Kaminski at Enron
> >
> >
> >
> > Dear Vince.
> > I sent you a reply earlier this month but I haven't heard from you about
> the
> > date of your visit. Our department has a Seminar every Monday. If you
can
> > schedule your visit on a Monday I would like to invite you to give a
> seminar
> > which will be attended by many of our graduate students and faculty and
> will
> > give you an opportunity to tell them about your program. With sufficient
> > lead-time I can advertise the seminar in the Hass school to their
> financial
> > engineering students.
> > Shmuel.
> > /////////////////////////////////////////////////////////
> > Shmuel S. Oren, Professor
> > Dept. of Industrial Engineering
> >         and Operations Research
> > 4117 Etcheverry Hall
> > University of California
> > Berkeley, CA 94720-1777
> > e-mail: oren@ieor.berkeley.edu
> > phone: (510) 642-1836 or 5484
> > Fax:      (510) 642-1403
> > ///////////////////////////////////////////////////////////
> >
> > ----- Original Message -----
> > From: <vkamins@ect.enron.com>
> > To: <OREN@queue.IEOR.Berkeley.EDU>; <vkamins@enron.com>;
> > <ashley.baxter@enron.com>
> > Sent: Tuesday, August 08, 2000 10:59 AM
> > Subject: Hello from Vince Kaminski at Enron
> >
> >
> > > Shmuel,
> > >
> > > I hope you remember me. I visited you together with Aram Sogomonian, a
> > > good friend of mine, a few years ago. I am currently responsible,
among
> > > other things, for recruiting graduates with finance and/or technical
> > > backgrounds at the University of Berkeley. I would be glad to give you
> a
> > > call and talk more about the details of our program. My colleague,
> > > AshleyBaxter, from the Analyst/Associate Program at Enron would join
me
> > > as well.
> > >
> > > I am sending you a copy of the brochure about the Analyst / Associate
> > > Program.
> > >
> > > Vince Kaminski
> > >
> > >
> > > Vincent Kaminski
> > > Managing Director - Research
> > > Enron Corp.
> > > 1400 Smith Street
> > > Room EB1962
> > > Houston, TX 77002-7361
> > >
> > > Phone: (713) 853 3848
> > > Fax  :  (713) 646 2503
> > > E-mail: vkamins@enron.com
> > >
> >
> >
> >
> >
> >
> >
>
>
>
>
>
>


Je toujours ai su que le francais se sont penses superieur, je ne me suis pas
rendu compte cela etait vrai pour les haut-parleurs francais aussi.


Gary,

Please resend the above report to me on April 12th. I am travelling and the size of the report is giving me difficulties replicating my e-mail.

Thanks,

Paul


My vote would be to initiate a claim, as I want to see if it works and how much hassle is involved. We should have a meeting to get everyone's view. I will get Karen to set up. Tx Rick
(Karen- please set up a half hour mtg w/ Causey, Bill, Glisan and Jeff Hodge. Time sensitive so we need in next couple days. Tx Rick
 -----Original Message-----
From: 	Bradford, William S.
Sent:	Monday, April 30, 2001 8:27 PM
To:	Buy, Rick; Glisan, Ben; Causey, Richard
Cc:	Despain, Tim; Hodge, Jeffrey; Bouillion, James L.; Tribolet, Michael
Subject:	Credit Insurance Claim for PG&E

Rick/Ben/Rick,

We need to decide whether we want to make a claim under our Portfolio Credit Insurance policy for the Pacific Gas & Electric Company financial swaps claim (approximately $74mm).  The policy gives us 30 days from the date of the bankruptcy to give notice of the claim.  The deadline is May 6, 2001.

It is not anticipated that any claim will mitigate any income loss as the portfolio credit reserve will increase by a similar amount to our claim.  All benefits from the insurance have already been recognized from previous releases from the portfolio credit reserve.  All recoveries in bankruptcy will passed to the insurance underwriters if we decide to make the claim.

Please advise of your thoughts or if it would be helpful to set up a meeting to discuss in more detail.

Regards,
Bill


***BELOW ARE SUMMARIES OF THE HELPFUL FERC STAFF INVESTIGATIONS LEAD BY SCOTT
MILLER (WHO REPORTS TO DAN LARCAMP) -- BOTH WILL JOIN THE ENRON EXECUTIVES AT
LUNCH THURS. 12/7.
-
MIDWEST AND SOUTHEAST SUMMARIES

On 11/1/00, FERC Staff issued reports on its Investigation of Bulk Power
Markets in the Eastern Interconnection.  These reports were the result of a
Commission order earlier this summer.  Enron's Federal regulatory staff
(Christi, Charles Yeung, and Sarah Novosel) provided a great deal of
information for this investigation and Joe Hartsoe and Donna Fulton discussed
many of the problems with the grid with the new head of Staff, Scott Miller
(who recently joined FERC from PG&E Gen).    While the Commission is under no
obligation to take any of Staff's recommendations, the Commission typically
looks to Staff for guidance on transmission and market issues.  Importantly,
Staff concludes that the Commission should consider these options for the
Southeast and Midwest -- all of which Enron has been asking FERC to implement
for several years:

Reduce the advantages of network service over point to point service by
requiring that native load be served under the same tariff as other
transmission services to eliminate the current incentives that VIUs have to
favor their native load through the calculation of ATC and handling of
interconnection requests.

While the Staff Hotline is used productively, the Commission can direct Staff
to conduct formal investigations into entities that have a pattern of
complaints.

The Commission could require TPs to submit tariff provisions containing a pro
forma interconnection process specific to interconnection, rather than simply
relying on the Tennessee Power order that utilizes the OATT timelines and
procedures.

Require TPs to retain real-time transmission data on market functions
pertaining to daily load, internal generation to meet that load, and imports
and exports.

RTOs should submit the basis and methods for calculating ATC and TTC, as well
as standardized criteria for curtailment.  In addition, since even such
standardized criteria might not "get to the root of the problem" -- that
control area still control generation -- the Commission could require that
each RTO set a date certain by which it will create one control area.
Regardless of the implementation of these two options, the Commission could
standardize ATC and TTC methodology.

Staff finds that while electricity is a commodity with market characteristics
similar to many other commodities, it is still viewed as "different," with a
reaction of price caps.  Staff encourages that basic decisions about the
regulatory model be made in order to complete the transition from a
traditional cost-of-service model to a model that uses markets to price the
commodity and services.

DETAILS  (Also, the reports contain good summaries of the generation,
transmission, state retail, federal reg. and other issues for the region):

Midwest:  The Midwest is dominated by vertically integrated Transmission
Providers ("TPs") that control transmission, generation and load.  "As such,
they have weak economic incentives to provide access to transmission service
to third-parties and strong incentives to favor their own services."  Staff
received numerous complaints; however, due to the lack of information
available from TPs, Staff cannot conclude whether these are isolated
incidents or wide-spread.  At the very least, the complaints indicate a lack
of confidence in the bulk power market and the ability of market participants
to rely on transmission access, thus harming the liquidity of the market.

TLRs are the most important transmission issue in the Midwest, with an
"enormous" increase in 2000.  The region showed a decline in peak load from
1999 to 2000 and a growth in new generation since the 1998 price spikes.
Even though there was an increase in generation and mild weather with
virtually no price spikes, TLRs climbed to record numbers.  The TLRs were
highly concentrated:  only 5 flowgates account for 41% of ECAR TLRs and
another 5 flowgates in MAIN account for 42% in that region.  Notably, even
though the NERC procedures for Level 3 TLRs mandate transaction curtailment,
78 of the 191 TLRs in the Midwest do not show any curtailment amount.  The
total amount of relief that these curtailments are intended to produce are
not posted.  Staff notes that TLR rules are established by NERC, whose
procedures are voluntary and not enforced by penalties.  While the Commission
has required certain NERC standards and procedures to be placed in Open
Access Transmission Tariffs ("OATT") where the Commission has the power to
enforce provisions under the Federal Power Act, in practice the Commission
has generally deferred to NERC on transmission reliability questions,
including the propriety of TLRs.

TLRs inhibit optimal functioning of the transmission system and market
because load is not served by the least cost supplier.  TLR procedure is an
inefficient instrument in mitigating constraints -- curtailment by fiat.  In
addition, the NERC IDC can result in inappropriate curtailments or increased
loading on the affected flowgate.  The impact could be mitigated by one
control area per RTO.

Staff notes that the Midwest state commissions did not petition FERC for
price caps following the 1998 price spikes.  Some market participants believe
that the absence of price spikes is the single reason that NUG construction
increased in the Midwest.

Market participants must keep track of, and follow, a plethora of information
in order to make energy deals, submit reservations and provide schedules for
service.  Staff received many complaints about barriers to transmission
access, including TLR curtailments and a lack of standardized information and
protocols, particularly for ATC and interconnection requests, and
discriminatory conduct.  Unbelievably, key data was unavailable to Staff,
such coincident peak load data, system-wide snap shots for days when TLRs
were called, and import/export data.  This lack of data creates a market
inefficiency, because neither market participants nor regulators can fully
analyze market conditions in real time.  As such, the market is risk adverse,
eschewing long-term deals for short-term transactions.  Staff also noted that
because the Security Coordinators often work for the IOU, there is a mixed
incentive to enforce reliability on the grid and maximize profit for the
IOU.  (Staff cites Richard Tabors' paper, "Transmission Markets, Stretching
the Rules for Fun and Profit.")

Staff cites the lack of information on OASIS or on the NERC web site,
particularly about real time TLRs and curtailments.  Examples were provided
to Staff of transmission refusals when there were no TLRs posted and improper
implementation of TLRs causing substantial financial loss.

The currently proposed Midwest RTOs may mitigate some problems; however, all
three retain existing control areas with the favortism for generation and
native load.  These incentives will continue to remain until the RTO
exercises complete autonomy over transmission control and security
coordinator functions.  Staff notes that the Midwest is a balkanized region
of 61 control areas with no uniform method for calculating ATC and CBM.  The
result is that ATCs can be different on 2 different sides of an interface.
Staff notes examples in inaccurate ATCs and states that Staff's own ATC audit
this summer was consistent with market participant complaints.  Staff is
weighing follow-up options.  The result of these problems is a lack of
liquidity.

Staff next noted the problems with unfiled "business practices," especially
on the next hour market.  Staff's audit of OASIS sites revealed several areas
of non-compliance.

Information transparency is necessary for a market to function efficiently,
with equal and timely access to data, including ATC, CBM, TRM, and load flow
input data.  TPs have incentives to resist efforts to make this information
transparent because of native load.  This incentive will still exist under
RTOs if utilities are allowed to calculate their own ATC.  ***  "As a
consequence, the Commission may wish to eliminate the native load exemption
and have all transactions under the same tariff."  ***  The Commission could
benefit by having access to existing transmission data and should require the
TPs to retain data, including current real-time network status.

Interconnection Issues:  IPPs need to be compensated for VAR support.  Also,
Staff cites a number of Hotline complaints about TPs seeking large deposits
or failing to complete System Impact Studies timely.  One solution is to have
the RTO handle this function to eliminate the disincentive the utilities have
against IPPs.  The current practice of requiring IPPs to deal with a wide
variety of procedures inhibits the free flow of transactions within the
region.

Network service has inherent advantages over point-to-point, citing the
Entergy source and sink order.  The Commission has relied on "passively"
receiving informal and formal complaints to determine if discriminatory
behavior has occurred rather than actively canvassing market participants.
While Staff cannot conclude that discriminatory practices are widespread,
there is evidence of discriminatory instances.

Southeast:  The traditional vertically integrated utility ("VIU") model has
largely persisted in the SE.  This continued control has vastly reduced the
economic incentives to facilitate IPP activities.  In many cases, the VIUs
have dampened IPP involvement without violating any Commission regulation due
to the inherent flexibility of the current rules.

Staff cites examples of delays in performing system impact studies,
transmission hoarding in the name of serving native load growth and
manipulation of ATC.  TPs have shown little inclination to improve the
transmission system and use many TLRs.

There is also a lack of market information that has stymied the development
of markets in the SE.  ATCs change constantly that leads to uncertainty and
there is no clearinghouse for electric power prices.

TVA, despite having taken steps to participate in reformed markets, has acted
as a bulwark against the development of competitive energy markets in the
SE.  This is significant because of TVA's size and location.  IPPs have
reported TVA's discouragement of siting in TVA through excessive time to
perform studies, excessive fees, and rejection of requests to perform
interconnection studies.

In addition, Staff cites the Florida Sup. Ct. decision against merchant
plants as significantly impeding the competitive market in Florida.

Staff discusses the significant flow of power from the Midwest to the SE this
summer.  Much of this resulted from the import of cheaper coal power, than
the use of gas fired peakers due to higher gas prices.  Peak prices were
radically lower this summer because utilities appear to have been better
prepared for peak events through the use of forward contracts, increased
generation capacity on line and reduced number of forced outages.

SE utilities reported that they have not used market-based rates to
extensively increase sales.  (Less used than in the midwest.)

The SE region lacks information, which has retarded the Staff's efforts to
discern the truth about the numerous complaints about transmission in the SE
(including ATC and TLRs).  Market participants seem to have less confidence
in the SE market than in any other market region.  This appears to be
justified based on Staff's investigations.  This lack of confidence
discourages investment and participation in the markets.  Staff concludes
that the Commission may need to be more prescriptive in terms of how
transmission is allocated in the SE RTOs, since there are market concerns
that the incumbents will continue to dominate operations.  The investigation
found numerous problems in bad ATCs and TTCs and poor OASIS postings.  In
addition, several OASIS audit logs actually erased historical data.  Staff
thinks that additional affiliate transaction information should be posted.
Staff could not obtain summer demand data and the Commission's lack of
jurisdiction over TVA made it difficult to obtain transmission access
information.

The Staff investigation revealed unclear interconnection procedures and lack
of adherence to schedules and arbitrary cost estimates and deposits.  In
addition, the TPs have reserved a huge amount of network transmission
capacity, much of it reserved shortly after the IPP approached the TP to
interconnect.  Staff cites the recent Skygen order in which Southern denied
Skygen's request for transmission stating that the only option was the
construction of an 80 mile 500 kv line that would take 8 years to complete.
Staff solutions include allowing network requests by IPPs and limiting
self-build capacity in the incumbent's territory.

ATC variations are a big problem in the SE.  SERC coordination of a
standardized ATC is a long process and may not be resolved soon without
direction from the Commission.  An improved method and improved communication
are needed.

The SE experienced a 354% increase in TLRs this summer.  This increase raises
the issue of whether curtailment has become an impediment to the competitive
operation of the market in the SE.  Staff cites information provided by
Charles Y. that an Ameren TLR was not implemented according to NERC
criteria.  Staff also wonders if transmission is being oversold since TPs do
not generally refund transmission revenues when TLRs are implemented.  RTOs
must have a broad geographic area to internalize much of the constraints.  In
addition, RTOs will adopt pricing mechanisms that obviate recourse to TLRs.
However, if control areas are retained, VIUs will retain mixed incentives.

*** As noted in the Midwest report, the manner in which load is calculated
weighs heavily on the value of this information.  This is an issue that the
formation of RTOs may not resolve.  Eliminating native load exceptions -- ie,
treating all load equally -- and placing all transactions under the same
tariff may be an option that provides the right incentives for the provision
of transparent and standardized information.

Finally, Staff describes specific problems with TVA and FP&L, TVA is a
"problem area" for the Eastern Interconnect grid.  TVA is a transmission
bottleneck due to the many TLRs called this summer.  The current federal law
and lack of Commission jurisdiction are impediments to the development of
deep and robust power markets in this area.  TVA simply has no strong
incentive to provide effective and efficient transmission service.  In
addition, the Commission does not have full information on TVA.  Staff lists
a number of complaints against TVA, including unjustifiably increasing the
tag deadline and allowing TVA Marketing, but not others, to sink and park
power.  Staff concludes that recent proposals by TVA to enhance the
development of markets and its system do not appear to have great potential.

A Staff audit of FP&L revealed violations of standards of conduct, including
confidential information on FP&L's transmission system (including interchange
information for other entities) posted on EMS systems that were available to
FPL's merchant function.  Staff's report found that FP&L does not have an
established procedure for review of EMS to ensure that information is not
displayed in error.  It is "up to individual Managers discretion."  ((FRCC
web site report dated 9/8/00)).  Violations such as these undermine
competition.

The reports are attached below.

 - southeast.pdf
 - midwest.pdf

NORTHEAST SUMMARY

Attached is a summary of FERC Staff,s November 1, 2000 report on its
investigation of the Northeast region.  The report is very encouraging
because it is comprehensive and recommends many of the changes and solutions
that Enron has been advocating for years.  The report is also encouraging
because it indicates a significant level of understanding of the northeast
markets (and the problems in these markets) by the FERC people who worked on
this report.  Because this is only a brief summary, the entire report
(particularly sections 4 and 5) should be read in detail.  A copy of the
report is attached.

Please let us know if you have any questions or comments.

Sarah


Victor, as mentioned, Scott wants to have a one hour meeting on Tuesday (I'll get the room setup) to talk about how he sees the desk operating in this new world. Here is what he wants to cover.

List of trader responsibilities by pipe and point (Scott will do this)
List of Logistics responsibilities by pipe (we do this)
How will the business be different, only pool transactions? (open discussion)
Talk about IT and short term Park and Loans and how that will be managed (open discussion)
Emphasis on data collection and pipeline and market intelligience,OFO's, capacity constraints, LDC and other info. (open discussion)

In addition, Scott really wants to set expectations and some ground rules. Can you get the guys focused on this, have them review and pull the necessary info? Also probably makes sense to spend a few minutes on deal entry so we all hear from the start who is expected to do what. That might be something Clarissa can pull together.

Tks - Bob


Whalley wants you ASAP.  So far, Dilg, Schwartz and Astin are at my desk.  Lay wants to have a meeting with Steve Kean about the press release during your 8:30 meeting.


---------------------- Forwarded by John Arnold/HOU/ECT on 08/03/2000 07:34
AM ---------------------------

Matthew Arnold

08/02/2000 06:46 PM

To: John Arnold/HOU/ECT@ECT, Tom Mcquade/HOU/ECT@ECT
cc:
Subject: wv love story

---------------------- Forwarded by Matthew Arnold/HOU/ECT on 08/02/2000
06:44 PM ---------------------------

Jonathon Pielop
07/31/2000 07:55 AM
To: Mo Bawa/HOU/ECT@ECT, Matthew Arnold/HOU/ECT@ECT, Brian
O'Rourke/HOU/ECT@ECT
cc:
Subject:


STEVE KEAN

	Billy Dorsey@ENRON_DEVELOPMENT
	01/31/2001 11:15 AM

		 To: James M Bannantine/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Cliff
Baxter@ECT, Jeremy Blachman@EES, Philippe A Bibi@ECT, Raymond Bowen/HOU/ECT,
Michael R Brown@ECT, Harold G Buchanan@EES, Rick Buy@ECT, Richard
Causey@ENRON, Diomedes Christodoulou/SA/Enron@Enron, Wade
Cline/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, David Cox@Enron Communications,
David W Delainey@ECT, James V Derrick@ENRON, Steve Elliott@ENRON
COMMUNICATIONS, Andrew S Fastow@ECT, Mark Frevert@Enron, Ben Glisan@ECT,
Kevin Hannon@ENRON COMMUNICATIONS, Rod Hayslett@ENRON, Stanley Horton@ENRON,
James A Hughes/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Steven J
Kean/NA/Enron@Enron, Louise Kitchen@ECT, Mark Koenig@ENRON, Kenneth
Lay@ENRON, John J Lavorato/Corp/Enron, Dan Leff@EES, Danny McCarty@ECT, Mike
McConnell/HOU/ECT@ECT, Rebecca McDonald/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey McMahon/HOU/ECT, Mark Metts/NA/Enron@Enron, Mark S Muller@EES, Cindy
Olson@ENRON, Lou L Pai@EES, Ken Rice@ENRON COMMUNICATIONS, Matthew
Scrimshaw@ECT, Jeffrey A Shankman@ECT, Jeffrey Sherrick@ENRON, John
Sherriff@ECT, Jeff Skilling@ENRON, Marty Sunde@EES, Greg Whalley@ECT, Thomas
E White@EES, Marcia Manarin/SA/Enron@Enron, G G Garcia@Enron, Susan
Skarness/HOU/ECT@ECT, Karen K Heathman@ECT, Sharron Westbrook@ENRON, Kay
Chapman@ECT, Molly Bobrow/NA/Enron@Enron, Stephanie Harris@ENRON, Bridget
Maronge@ECT, Nicki Daw@Enron, Inez C Dauterive@ECT, Carol Ann Brown@ECT,
Cindy Stark@ENRON, Maureen McVicker/NA/Enron@Enron, Joannie Williamson@ENRON,
Rosalee Fleming@ENRON, Vanessa Groscrand@ENRON, Tori L Wells@ECT, Cathy
Phillips@ECT, Loretta Brelsford/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sue
Ford/HOU/ECT, Dolores Fisher@Enron, Karen S Owens@EES, Dorothy Dalton@ENRON
COMMUNICATIONS, Mercedes E Estrada@Enron Communications, Christina
Grow@ENRON, Lauren Urquhart@ECT, Sherri Sera/Corp/Enron@ENRON, Katherine
Brown@ENRON, Liz M Taylor@ECT, Judy G Smith@EES, Kathy
McMahon/NA/Enron@Enron, Suzanne Danz@ENRON, Peggy McCurley/HOU/ECT@ECT,
Marsha Schiller/HOU/ECT, Fiona Stewart/LON/ECT@ECT, Jana L
Paxton/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Connie
Blackwood/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Tammie Schoppe@ECT, Kimberly
Hillis/HOU/ECT, Jennifer Burns@ECT, Sharon Dick@EES, Beverly Aden@EES, Kathy
Dodgen@EES, Kerry Ferrari@ECT, Carol Moffett@EES, Jennifer Adams@Enron
Communications, Leah Rijo@ECT, Lucy Marshall/Enron Communications@Enron
Communications, Kathy Campos@ENRON, Julie Armstrong@Enron, Mrudula
Gadade/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brenda Castillo@Enron, Kelly
Johnson@Enron, Rebecca Carter@ENRON
		 cc: Video conference@enron, Vanessa Groscrand@ENRON
		 Subject: EXECUTIVE COMMITTEE MEETING-- FEBRUARY 5

Executive Committee Weekly Meeting
Date:  Monday, February 5
Time:  11:00 a.m. (CDT)
Location: 50th Floor Boardroom
Video:  Connections will be established with remote locations upon request.
Conf call: AT&T lines have been reserved.  Please contact Sherri Sera
(713/853-5984)
  or Bill Dorsey (713/646-6505) for the weekly dial-in number and passcode.

Please indicate below whether or not you plan to attend this meeting and
through what medium.

 Yes, I will attend in person ___X____


Jeff--I have to run to a meeting, but am hoping to catch up with you in an hour or two....I am putting together some talking points for Ken Lay for a gov meeting this Thrusday(Roland/Hull/McCallum/Engler/Johnson) and they want a brief update on what's cooking in California.  I recognize that you're crazy busy but hope you can give me a bit of guidance.

I'll call you in awhile


Sounds good to me.  Make me a plate, remember I have a 9 basketball game, so
I will be home about 10:30.
PL


Yes we do purchase uncollected Judicial Judgements!             s,23

If you, your company or an acquaintance have an uncollected Judicial Judgement then please call us and find out how we can help you receive the money that the court states you are rightfully due.

We have strong interest in acquiring uncollected Judicial Judgements in your City and Area.

J T C is the largest firm in the world specializing in the purchase and collection of Judicial Judgements.

Currently we are processing over 455 million dollars worth of judgements in the United States alone. We have associate offices in virtually every city in the US and in most foreign countries.

You have nothing to lose and everything to gain by calling. There is absolutely no cost to you.

We can be reached Toll free at 18882484942 in the US or if you are in Canada call 1.3.1.0.8.4.2.3.5.2.1. You can call 24 hours per day.

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I'm home today (Michael has strep again), but I will check email and you can
call me at home.  This is a good start!  Bear with AR, and call me about
Barbara.  Sheila knows all she needs to know.

ckm

ps YIPPPEEE!!!!


If you were unable to attend yesterday's info lunch with
 Chicago Graduate School of Business,
materials and applications are available on table
near EB3527a.

Thanks!

Constance Charles
Human Resources
x3-5614
---------------------------------------------------------------------------------------------
Info Lunch, Chicago Graduate School of Business

Who:   	Interested Analysts
Where:  	Doubletree Hotel
Room:   	LaSalle B
When:  	Wednesday, Oct. 17th
Time:  		11:30 AM - 1:00 PM


Please see the attached notes:


The contact person at Cogentrix  whom we typically engage is Tom Bonner.  You
might keep this name in mind if you cannot reach Tom McCarrin. The phone
number provided will connect you to the Cogentrix operator.

- glenn

From: Steve Van Hooser@ECT on 11/16/2000 06:09 PM
To: Dolores Lenfest/HR/Corp/Enron@ENRON
cc: Michelle Cash, Ozzie Pagan/HOU/ECT@ECT, Glenn Wright/Corp/Enron@ENRON,
Dwight Beach

Subject: ALAMAC--Employee Due Diligence

Dee,

Ozzie Pagan called me earlier today and informed me that Cogentrix's Tom
McCarrin (sp?) had started to compile basic employee/employment information
relative to the two North Carolina power plants that ENA is planning to
acquire from Alamac Knit Fabrics.  I then spoke to Michelle Cash and she
agreed with me that it would be best if you would call Mr. McCarrin in order
to give him guidance as to the specific employee and benefits information
that you are going to want to see.  I am told that he has not been given the
Due Diligence Worksheet.

Mr. McCarrin's phone number is 704-525-4897.  Thank you in advance for your
help in moving this aspect of the Alamac transaction forward.

Steve Van Hooser
----- Forwarded by Steve Van Hooser/HOU/ECT on 11/16/2000 06:02 PM -----

	Steve Van Hooser
	11/03/2000 02:00 PM

		 To: Ozzie Pagan/HOU/ECT@ECT, Glenn Wright/Corp/Enron@ENRON, Dwight Beach
		 cc: Michelle Cash, Dolores Lenfest/HR/Corp/Enron@ENRON
		 Subject: Employee Due Diligence Questions and Checklist

Attached is the set of Employee Due Diligence Questions and Checklist that I
have been e:mailing you about yesterday and today.

As you will note, it is quite extensive, and I rather doubt we'll receive
helpful information by simply sending this document to Alamac.  Once you have
had a chance to review the type of information that HR needs to have in order
to conduct due diligence, please call me so that I can coordinate this effort
with Michelle Cash and Dolores Lenfest from HR.

Steve Van Hooser


yep...i'm always here

Sarah Wesner@ENRON
09/14/2000 10:37 PM
To: John Arnold/HOU/ECT@ECT
cc:
Subject: Margin Lines project

John - I will be out of the office on 9/15 and also from 9/21-9/30.  Are you
available during 9/18-9/20 as I want to go through the information before
October.  Let's arrange something early next week.

Sarah


Hi Iris,

I also have copies of and have read the documents you mention; while they contain some good information, especially the movement model plan, the meeting summary is just that...a very general summary of a meeting with recommendations like "hire quants and make sure there is adequate communication among the different teams".  The meeting summary addresses testing only briefly in saying "be aware of the time dimension" which is obvious and has been addressed by adding more equity driven ratios as well as our plan to add a time dimension to capture ratings momentum following a downgrade.

Perhaps you didn't understand my specific request for any ideas you might have to assist in model testing and also for an update on the Duffie report.  We still have not seen any drafts of what you learned.  As I'm sure you recall, the teleconference with Vince, Vasant, and Amitava focused exclusively on private firm models, the scope of the project, and data acquisition considerations.  After the call, you suggested to Bryan, Eric, Mike and I that your report would include many of the issues in George's 2 documents (movement model and meeting summary).  My personal hope, echoed by Bryan at that time, was that your report might be more insightful since the movement model, as you surely learned in your visit, is in its infancy and only one portion of the modelling effort and the meeting summary covered the most basic issues with minimal detail.

I sincerely want to establish a solid relationship with Houston Research and hope we can move forward together in a coordinated, team-oriented approach.  I look forward to discussing it with you at our Tuesday teleconference.

Best regards,
Scott

FYI - George joined the company in Sep 2000 so could not have written the Movement Model proposal in April 2000.

From:	Iris Mack/ENRON@enronXgate on 26/05/2001 15:37 CDT
To:	Scott Salmon/EU/Enron@Enron
cc:	Vince J Kaminski/ENRON@enronXgate, Amitava Dhar/ENRON@enronXgate, Vasant Shanbhogue/ENRON@enronXgate, Jeff Kinneman/ENRON@enronXgate, Bryan Seyfried/LON/ECT@ECT, Markus Fiala/LON/ECT@ECT, Tanya Tamarchenko/ENRON@enronXgate

Subject:	RE: Scott's concerns about the Public Firm Models

Hi Scott,

	How are you?  Thanks for your email.

	I can appreciate your concerns about the public firm models, but am at a loss for what more I can say that has not already been said.

	Recall that during my recent trip to London, we had a conference call with Houston research, you, Bryan, Mike and Eric.  During this conference call Vince, Vasant, Amitava and I pointed out some of the "issues" with the public firm models and the data used to develop these models.

	In addition, after that conference call you, Bryan, Mike, Eric and I had further discussions as to how to sort out the public firm models.  During this discussion we all agreed that most of these issues had already been raised and addressed by George Albanis in the following documents:
		1.  EnronCredit.com Project Proposal - Movement Model and Parallel Work - Phases IV,  by George Albanis, December 2000
		2.  Meeting 25/01/2001 - Review, by George Albanis.

	I also forwarded copies of these documents to you and Ben via email on May 11th.  Just in case you can't find them, I will forward them again.

	Based on recent discussions with Jeff Kinneman, it is my understanding that he will be meeting with Vince and Bryan to figure out how to "repair" the public firm models.  Hence it may be more appropriate to direct any future concerns about the public firm models to their attention.

Regards,
Iris

 -----Original Message-----
From: 	Salmon, Scott
Sent:	Friday, May 25, 2001 11:45 AM
To:	Mack, Iris
Cc:	Kaminski, Vince J; Dhar, Amitava
Subject:	Report to Professor Duffie

Hi Iris,

I wasn't sure if you had already sent your report to Professor Duffie yet or not, but I've been thinking about ways that his group (or the Research team) could really add value in an area where we're admittedly weak - model testing.  If you haven't sent the report to him yet, perhaps we can request his opinions on best practices for testing models with limited quality out of sample test sets.  Obviously, I'd like to discuss this in detail with you as well, especially since you understand the characteristics of the models and data better now, but I'll do that via phone.  I'm hoping there are some statistical techniques we're currently ignoring that we can employ to maximize the testing we do and get a better handle on judging our accuracy.

If you've got some time Tuesday after our meeting where Mike catches us up on the D&B issues, I'd love to get your views as the model testbed is now in place and we're starting a model recalbration phase.  I'm least comfortable about our plans for stress testing the models once we've recalibrated them.

Looking forward to talking to you Tuesday.

Regards,
Scott


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
08/04/99 07:59 PM ---------------------------

Laurel Adams
08/02/99 01:50 PM
To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: WIlton Trust confirms.

Mark,

Please review and let me know if this format is acceptable.  Robina informed
me that the Delaware Trust is to be called Wilton Trust, and I assumed that
the date of the master would be the date of the first trade.


Start Date: 12/23/01; HourAhead hour: 6;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2001122306.txt


Michael,

Sorry for the delay, but I finally have a revised version of your contract from our legal department.  Although we have made what appear to be substantial revisions, I believe the key aspects of the agreement remain intact and the revised contract adheres to industry standards.  Please let me know what you think.

Dave Fuller
Enron North America
505-464-3732


I left a message and she did not return my call.


Methodologies may change, but keeping you posted as to the current direction.

 -----Original Message-----
From: 	Hayslett, Rod
Sent:	Wednesday, December 26, 2001 1:11 PM
To:	Barnes, Caroline; Hotte, Steve; Stern, Ellis
Subject:	FW: Services Agmt et al
Importance:	High

Importance: High

Please review and comment.   We are looking for concepts and ideas at this point.

-----Original Message-----
From: Soldano, Louis
Sent: Friday, December 21, 2001 5:29 PM
To: Hayslett, Rod; McCarty, Danny; Porter, J. Gregory; Raker, Colleen;
Howard, Kevin A.; Lowry, Phil; Smith, Gary; Blair, Lynn; January, Steve;
Dietz, Rick; Fossum, Drew; Vaughn, Ann; Schaffer, Brian; Miller, Mary
Kay; Neubauer, Dave; Sandt, Jim; Rice, Greek; Place, Janet; Bouillion,
James L.
Subject: Services Agmt et al
Importance: High

attached please find two agreements - a draft of a mutual services agmt and an employment agmt.  These are drafts to stimulate discussion and comments.  They need to be cleaned up and tightened and in some cases filled in entirely.  There may well be significant changes in approach so do not become too caught up in the minor matters

Let me and Colleen know your thgts....

Have a great Christmas


I am glad you asked me to lunch today.  I do enjoy spending time with you
even though at times it is tough and our conversations are hard right now.  I
do Love You so much and have a Vision.


March 23, 2001
Notice to Members Number:  01-109

TO:
ALL NYMEX AND COMEX DIVISION MEMBERS
ALL NYMEX AND COMEX DIVISION MEMBER FIRMS
ALL NYMEX AND COMEX DIVISION CLEARING MEMBERS

FROM:
Neal Wolkoff, Executive Vice President

SUBJECT:
Inventory Taxes on Aluminum in the State of Kentucky

Recently enacted legislation in the State of Kentucky has amended the
Kentucky Revised Statutes (KRS) Chapter 132.200, &Property subject to state
tax only8.  The amendment applies for property assessed on or after January
1, 2001.

Paragraph 21 of KRS 132.200 exempts for the purpose of taxation in the
county, city, school or other taxing district in which it has taxable situs:

Any nonferrous metal that conforms to the quality, shape, and weight
specifications set by the New York Mercantile Exchange,s special contract
rules for metals, and which is located or stored in a commodity warehouse and
held on warrant, or for which a written request has been made to a commodity
warehouse to place it on warrant, according to the rules and regulations of a
trading facility.

(a) &Commodity warehouse8 means a warehouse, shipping plant, depository, or
other facility that has been designated or approved by a trading facility as
a regular delivery point for a commodity on contracts of sale for future
delivery; and

(b) &Trading facility8 means a facility that is designated by or registered
with the federal Commodity Futures Trading Commission under 7 U.S.C. secs. 1
et seq.  &Trading facility8 includes the Board of Trade of the City of
Chicago, the Chicago Mercantile Exchange, and the New York Mercantile
Exchange.

Please note that aluminum inventory remains taxable at the state level if the
aluminum is not deemed to be &in transit8.  Paragraph 10 of KRS 132.020
&State ad valorem taxes8 states that an ad valorem tax for state purposes of
five cents ($0.05) upon each one hundred dollars ($100) of value shall be
paid upon goods held for sale in the regular course of business.  KRS
132.097, &Exemption from state ad valorem tax of personal property held for
shipment out of state8, states that  &there shall be exempt from ad valorem
tax for state purposes, personal property placed in a warehouse or
distribution center for the purpose of subsequent shipment to an out-of-state
destination.  Personal property shall be deemed to be held for shipment to an
out-of-state destination if the owner can reasonable demonstrate that the
personal property will be shipped out of state within the next six (6)
months.8

Therefore, aluminum on warrant or for which a written request has been made
to place aluminum that meets the specification for delivery against the New
York Mercantile Exchange, Inc.,s Aluminum Futures Contract on warrant is now
uniformly taxed throughout the State of Kentucky regardless of the local
jurisdiction in which an Exchange Licensed Warehouse is located.

Companies who own aluminum inventory at Exchange Licensed Warehouses should
obtain professional advise regarding their particular tax situation.

Should you require any further information please contact Christopher Bowen
at 212-299-2200 or Albert J. Getz at 212-299-2608.

__________________________________________________
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=(01-109)"

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.


Sorry, I did not realize you were awaiting a response from me on this.

Our deal is with the subsidiary, not the parent.  So the name of the
counterparty should be Catalytica Combustion Systems, Inc., (CCSI) not
Catalytica.

Regarding the credit issue (Annex B; Credit and other special provisions), I
can't see how we are exposed to credit risk; we will not sign the XONON
Implementation Agreement with GE until we have received the $9.9 million
payment from CCSI.  If CCSI does not agree to return the spark spread
confirmation upon our request, as defined per the agreement, then CCSI is in
default of the agreement and the spark spread confirmation becomes worthless.

My main concern is with the general terms and conditions of the spark spread
confirmation because I know there are some errors in there that need to be
corrected:

There are three prices for the Gas Daily index referenced - low, high and
mid.  We need to define which curve we want to reference.
We need to change the name from Catalytica to Catalytica Combustion Systems,
Inc.
I think ECT should now be changed to Enron North America in the agreement,
but please advise on this
I need to provide the details for CCSI (e.g., name, title, payment account
information)

Also, if Lucy can review the document for any other errors that would be a
good idea.

I was looking to get these items corrected in anticipation of sending to CCSI
sometime around the end of next week.

Please feel to contact me with any other questions.

Sara Shackleton
10/11/99 05:23 PM
To: Sean Black/HOU/ECT@ECT, Randy Petersen/HOU/ECT@ECT
cc: Tanya Rohauer/HOU/ECT@ECT, Barton Clark/HOU/ECT@ECT
Subject: Spark Spread Confirmation

We are trying to revise the draft transaction confirmation per Sean's e-mail
of date.  The original confirm was prepared for "Catalytica, Inc." and the
credit included an additional event of default (cross-default) with
thresholds of $10 million for Catalytica and $50 million for Enron North
America.  Sean has requested that "Catalytica, Inc." be REPLACED with the sub
"Catalytica Combustion Systems".  Should the credit remain the same?

We are withholding release of this confirm pending a response from
underwriting.  Thanks.  Sara


jeanie:
i really need the docs on both phantom stock and options.
please
please
please

john


Are you available for lunch tomorrow?


Linda,

I am going to take Tuesday as a vacation day, (in addition to Wednesday and Monday).  Thanks.


Steve, I don't think you need to be at our meeting.  We have room 3125B at
1:30 PM tomorrow.

---------------------- Forwarded by Chris Germany/HOU/ECT on 05/08/2000 01:03
PM ---------------------------

	Enron North America Corp.

	From:  Kimberly Brown                           05/08/2000 12:48 PM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: Re: CES Sales

EB3125B


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	"How to Kill A  Blonde"

	Score: 65
	(posted by Shella on  07/31/00)

	One Day, A Blonde walks into a hair salon with  headphones on. The
Hairstylist said:

	"What would you like done today?"

	The Blonde Answered..."I want to get my hair permed."

	"Well, you're gonna have to remove those headphones first."  answered the
hairstylist.

	"But I can't! My parents said that if I EVER take them off, I'll  die!" The
Blonde said

	"Alright, I'm gonna go get the stuff I need, and when I come  back, you
better have those off." the hairstylist replied. So as she  was walking into
the backroom, the blonde appempted to take off the  headphones.

	When the hairstylist returned, she found the blonde sprawled out  on the
floor. She was dead. The hairstylist picked up the headphones  that were
laying next to her. There was a voice on the headphones  saying:

	"Breathe in, Breathe out, Breathe in, Breathe out, Breathe in,  Breathe
out."

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Shirely, please print this out for Vice before the meeting.

Thanks,

Ravi.
----- Forwarded by Ravi Thuraisingham/Enron Communications on 01/18/00 02:00
PM -----

	John Griebling
	Sent by: Michol Boyd
	01/18/00 01:41 PM

		 To: EC Employees -- All
		 cc:
		 Subject: Network Engineering and Operations Organizational Chart

The Network Engineering and Operations organization is taking shape.  The
attached organization chart reflects my direct reports and the major
disciplines within the engineering organization.  Please support this
leadership team in executing our mission to support our current network as
well as deploy the GFN infrastructure and support systems.

You will notice that there are many leadership openings in the organization,
please direct any input regarding external candidates for these positions to
Patty Pennington.

The Network Engineering Team is also attempting to recruit between 30 to 50
people (as dictated by budget availability) across the indicated disciplines
by mid-year.