Thanks for the report.  Just what I need.

From: John L Garrison@AZURIX on 04/27/2001 04:58 PM
Sent by: Jeanette Nickell@AZURIX
To: Stanley Horton/Corp/Enron@Enron
cc:

Subject: Weekly update

John L. Garrison
President and Chief Executive Officer
Azurix Corp.
713-646-6421 Office
713-646-9577 Fax
jgarris2@azurix.com


All:

Just spoke with Harvard's lawyer Kim Noble who appreciated speaking with Bill earlier this week.

ENE has triggered an Additional Termination Event under the ISDA (commercial paper rating at A-2 and ENE placed on "watch" status) but Harvard does not want to terminate.

Harvard will propose an amendment to the effect that our Threshold will drop to 0 as long as a short term rating is at A-3.

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


Attached are 7 different versions of the proposed ad that we will place in
the Texas Lawyer.  The text on all is the same, but the presentation formats
differ.  We can discuss comments to text and format at Monday's Legal
Committee meeting.  I welcome your input.

Thanks.

Michelle

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

Michelle Cash
Enron North America Corp.
1400 Smith Street, EB 3823
Houston, Texas  77002
(713) 853-6401
michelle.cash@enron.com

This message may contain confidential information that is protected by the
attorney-client and/or work product privileges.
----- Forwarded by Michelle Cash/HOU/ECT on 03/30/2001 04:31 PM -----

	Molly Magee/ENRON@enronXgate
	03/30/2001 10:31 AM

		 To: Michelle Cash/HOU/ECT@ECT, Diane Goode/NA/Enron@Enron
		 cc:
		 Subject: FW: Senior Counsel Ad

Here are seven different ads---I think you will be able to find something in
this group that will make (almost) everyone happy!

Let me know  your thoughts!

Molly

 -----Original Message-----
From:  Candace Klimisch <cklimisch@ho.hodes.com>@ENRON
[mailto:IMCEANOTES-Candace+20Klimisch+20+3Ccklimisch+40ho+2Ehodes+2Ecom+3E+40E
NRON@ENRON.com]
Sent: Friday, March 30, 2001 10:47 AM
To: Magee, Molly
Subject: Senior Counsel Ad

Molly,
Attached are 7 different ads (all in one file) for the Attorneys to choose
from. At the bottom of each ad there will be a marking page 1, page 2 ect up
to page 7 that will be the way you can indicate which one they would like to
use. If you have any questions please let me know. Thanks Candace

 <<60079.pdf>>

Candace Klimisch, Associate Account Executive
> Ph. 713-690-0272, 1-800-929-2190 Fax 713-939-0336
> cklimisch@ho.hodes.com
>
Bernard HODES Group
because talent matters

 - 60079.pdf


whaddaya think?


Wonderful -- I'll let my counterparty know.  Would you let me know when it
goes to Coral for approval?
Thanks, Griff

From: Tana Jones on 09/08/2000 09:03 AM
To: Mary Griff Gray/HOU/ECT@ECT
cc:
Subject: Re: Coral Energy's transaction(s) [9/1/00] using incorrect ID (used
financial ID for physical transaction)

Yes, I've prepared the assignment, I am just waiting for the lawyer to sign
off on it.

	Mary Griff Gray
	09/08/2000 07:25 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Coral Energy's transaction(s) [9/1/00] using incorrect ID (used
financial ID for physical transaction)

Tana --

Has Coral Energy's legal group been in contact with you regarding an
assignment regarding the above?

Thanks,
Griff
x35753


Louise,

You probably already know this?

Don

-----Original Message-----
From: Calger, Christopher F.
Sent: Tue 11/20/2001 4:46 PM
To: Miller, Don (Asset Mktg)
Cc: Clark, Catherine
Subject: RE: Saguaro

Earliest is first week in December, but overall deal is at risk - they are having consent issues due to QF Status.  Basically, this acquisition puts NRG's interest up to 65%; NSP owns 64% of NRG but has 90% of the voting shares.  If you count the 64% ownership, NSP is below 50% and OK.  If you consider the 90% then NSP is over 50% and the QF is bust.

Our counsel (LaBeuf) didnot see a problem with this, but apparently they are the only firm that will give a good opinion.  The bank's counsel has set up an informal FERC meeting.  If the FERC staffers nod approval - we can get it done.  If not, we have a probem. Our original solution to this potantial problem was to sell them the loan, but this looks a little difficult for NRG to swallow in light of our now infamous innovative financing structures.

Chris Calger
503-464-3735

 -----Original Message-----
From:   Miller, Don (Asset Mktg)
Sent:   Tuesday, November 20, 2001 2:21 PM
To:     Calger, Christopher F.
Cc:     Clark, Catherine
Subject:        Saguaro

Chris,

Any update on the scheduled closing for Saguaro?

Thanks,

Don


thanks,

 -----Original Message-----
From: 	"Quenet, Rebecca" <rebecca.quenet@eds.com>@ENRON
Sent:	Monday, October 29, 2001 2:12 PM
To:	Quenet, Joe
Subject:	Moody's Investors Service downgrads Enron

Moody's Investors Service downgraded Enron Corp.'s long-term debt by one
notch this morning, a move sure to hamper the company's efforts to restore
investor and client confidence.
Shares of Enron fell to seven-year lows this morning, losing $1.51 to trade
at $13.89 in mid-day trading. In the past two weeks the stock has lost more
than half its value, dropping from as high as $35 at the beginning of
October.
Enron's rating was lowered by the bond rating firm from Baa1 to Baa2, where
it will remain on review for further downgrade, Moody's said in a statement.
The firm also placed the Houston company's Prime-2 rating for commercial
paper on review for downgrade.
The Baa2 rating is just two notches above what is commonly called "junk
bonds."


Hi Molly:

I guess it is time to try and schedule Frank's interview.  We would like to
bring him in sometime around the first of February (when Krishna returns).

Please contact him and see what a good time for him would be.

Attached is his resume and Interview Request form.

 - enron_resume.doc

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 01/16/2001
09:42 AM ---------------------------

	Enron North America Corp.

	From:  Molly Magee                           12/20/2000 05:35 PM

To: Shirley Crenshaw/HOU/ECT@ECT
cc:
Subject: Re: Qian (Frank) Feng Interview with the Research Group

You, too, Shirley.   We'll be back in touch.

Molly

Shirley Crenshaw
12/20/2000 02:07 PM
To: Cheryl Arguijo/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Molly
Magee/HOU/ECT@ECT
cc:
Subject: Qian (Frank) Feng Interview with the Research Group

Hello Molly and Cheryl:

Attached is Frank's resume.  We still have quite a bit of time as we want to
schedule this for after Krishna returns on the 25th of January.

This position would be for the Research Group directly, and would include
all of Vince's direct reports.

Thanks and MERRY CHRISTMAS AND HAPPY NEW YEAR!!


Susan,

The NG-PRICE-PRC book will now be calculated using two post ids.  Therefore,
we need an additional RisktRAC book id for the Price book so that we can
capture both post ids.  Please set up an NG-PRICE2-PRC book with the same
attributes as the NG-PRICE-PRC book.  The new books needs to be added to the
AGG-GAS, AGG-GASIII and AGG-GASIV portfolios.  In AGGIII and IV, please set
up a separate portfolio for the new book.  The new portfolio should be named
M_Maggi.

If you have any questions, give me a call.
Thanks,
Robin


didn't he invent personality, too?

	Nancy Sellers <Nancy.Sellers@RobertMondavi.com>
	03/23/2001 10:36 AM

		 To: "'Jeff.Dasovich@enron.com'" <Jeff.Dasovich@enron.com>
		 cc:
		 Subject: RE: mex

How sweet - no, we rented a room by the airport - found one cheap over the
internet.  I'm so glad Gore invented that.  It sure is a handy little tool!
-----Original Message-----
From: Jeff.Dasovich@enron.com [mailto:Jeff.Dasovich@enron.com]
Sent: Friday, March 23, 2001 8:31 AM
To: Nancy Sellers
Subject: Re: mex

You and Eldon want to stay at my apartment on Sunday night? I thought we
rented beach towels there.

                    Nancy
Sellers
                    <Nancy.Sellers@RobertMo        To:     Cameron
<cameron@perfect.com>, Jeff
                    ndavi.com>                     Dasovich
<Jeff_Dasovich@enron.com>, "Prentice @
                                                   Berkeley"
<PSellers@haas.berkeley.edu>, Prentice
                    03/23/2001 09:42 AM            Sellers
<PSellers@pacbell.net>, Scott Laughlin

<scottwl@hotmail.com>
                                                   cc:

                                                   Subject:
mex

do I need to bring beach towels?  I can't remember

Nancy
(707) 251-4870 (phone)
(707) 265-5446 (fax)
"Plus je bois, mieux je chante"


Geir,

Your UBS application is missing some information.  Would you please drop by?  Thanks!

Julie Kearney
ENA Human Resources
503) 464-7404
julie.kearney@enron.com


There are a number of Argentina counterparties on this list that I will need
your sign off on.  Brent said he things they will probably be OK to trade
Argentina Gas, but to run it by you.  Can you let me know if you have any
issues.

I am going to have to add you to the distribution for my daily lists too.
Initially, we should have a rush of Argentina counterparties, but after
awhile, it should dwindle.  The rule is, you have ONE DAY to respond  or I
will consider you have no legal problems with a counterparty on the list.
----- Forwarded by Tana Jones/HOU/ECT on 10/20/2000 04:24 PM -----

	Bradley Diebner
	10/18/2000 11:53 AM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Sheri Thomas/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT,
Bernice Rodriguez/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie R
Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Molly Harris/HOU/ECT@ECT, Cynthia Clark/Corp/Enron@ENRON, Mary G
Gosnell/HOU/ECT@ECT, Enron Europe Global Contracts and Facilities, Enron
Europe Global CounterParty, Stephanie Sever/HOU/ECT@ECT, Bradley
Diebner/HOU/ECT@ECT, Stacey Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT,
Adnan Patel/Corp/Enron@ENRON, Claudia Clark/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron,
Jana Morse/Corp/Enron@Enron, Trang Le/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 10/18/00

The EOL approvals for 10/18/00 are attached below.

Regards,
bd


Thought you might like to see this...... the shit just continues...........

Hmmmmmm,

Let's see if I can address these issues....

I'm not 45.......

I do not have Hypercholesterolemia, I don't even know what it is........ nor
do I have any cholesteral problems......

I don't have Hypertension..........

My father had diabetes..... I do not and do not have any problems as such....

AND my father died at 62.... not before age 55...... so your little check
marks seem.... let's see......... without regard to intelligent recourse.

Therefore, my request is for you clear me for Enron's Fitness Program or
remove me from such consideration... as I WILL NOT be getting any physician's
release for me to perform any additonal exercise... AND I won't have him
signing any release for me to jog at Memorial Park....... OR play my usual
softball three times a week.... or clear me for Spring skiing at
Steamboat.............

Thanks for your attention to details.... unfortunately, I think you are way
off base here......... so either clear my application or quit wasting my
time.

Thanks... Richard

Joshua Wooten@ENRON
02/05/2001 03:17 PM
To: richard.hrabal@enron.com
cc:
Subject: Physician Referral

Dear Richard:

Welcome to Enron's Fitness Center.  We are looking forward to you beginning
your exercise program.   After reviewing your health history questionnaire a
signed physician's release will be required prior to you beginning an
exercise program.

The following health risks were noted from your health history that require a
physician's release:

 _x_ Two (2) or more coronary risk factors and / or symptoms suggestive of
cardiopulmonary or metabolic disease.

   __  Age  (men > 45 yrs; women > 55 yrs)
   _x_ Hypercholesterolemia: Total > 200 mg/dL or HDL < 35 mg/dL or total/HDL
ratio > 5.0
   _x_ Hypertension:   140 / 90 mm Hg or on antihypertensive medication
   _x_ Diabetes Mellitus: IDDM >30 yrs of age or have had IDDM >15 yrs, NIDDM
>35 yrs of age
   __ Current Cigarette Smoking
   _x_ Family History: MI or sudden death in father or brother before age 55;
in mother or sister before age 65
  __ Sedentary Lifestyle: Combination of sedentary jobs (sitting for long
parts of the day) and no regular exercise or recreational pursuits

 __ Known cardiovascular, pulmonary, or metabolic disease.

 __ Other:

Attached is the physician release form that must be completed by your
physician and returned to the Body Shop before your membership can be
approved.  If you or your physician have any questions, please contact me at
713-853-5548 at your earliest convienence.

In Health,

Joshua Wooten
Health & Fitness Specialist


Dan,

Please see attached Credit Worksheet for Huish.  As discussed this Agreement
must be signed in conjunction with Mike Morris's proposed transaction.

Thank you,

Russell


For your reference on the call with Marcus Eller
Tyrell Harrison
303 575 6478
----- Forwarded by Tyrell Harrison/NA/Enron on 08/02/2001 12:18 PM -----

	Tyrell Harrison 07/12/2001 02:10 PM 	  To: "Marcus Eller" <meller@csu.org>  cc:   Subject: Re: Contract

Marcus,
Sorry for the delay . . . it's difficult to get folks moving during holiday weeks.  Anyhow, our legal group has indicated that they would like to have a Master Firm Agreement in place with CSU to which we can attach concise Transaction Agreement Exhibits detailing specific deals.  I have attached the Master Firm Agreement for your review and will follow shortly with the Transaction Agreement Exhibit for our swing deal.

Please let me know your thoughts on the Master Firm and don't hesitate to call with any questions, comments, and/or concerns.

Thanks,
Tyrell Harrison
303 575 6478

	"Marcus Eller" <meller@csu.org> 06/25/2001 12:10 PM 	   To: Tyrell.Harrison@enron.com  cc:   Subject: Contract

Please review the attached contract.

Marcus

 - 2001F002~enron.doc

<Embedded StdOleLink>


Dear Customer:

Still using that credit card with the sky high interest
rate? It's time to transfer your balance to a card that
makes sense. The Capital One Platinum card gives you 0%
interest on new purchases until March 2001 and 9.9% on all
transferred balances.
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************************************************************

 These current mortgage rates are based on the loan and
property information you provided us.

Loan Type:    30 Year Fixed
State:        TX

 Interest  Points/   Closing            Monthly
 Rate      (Rebate)   Costs     APR     Payment    Lender
------------------------------------------------------------------
  7.125%  2.125    $4,353    7.481%   $674      MortgageSelect
------------------------------------------------------------------

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

Rates are current as of 14-Nov-00, but aren't guaranteed
until you submit an application and the rate is officially
locked.

Closing costs are estimated non-recurring costs, including
any rebate.  They do not include prepaid recurring fees.

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

pkeavey@ect.enron.com:
To change your settings or to unsubscribe, please go to
http://myiown.iown.com/servlet/re?id=3653980381&sid=55221

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

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

As your needs change, you can edit your Personal Profile to
get the most out of your tips. Just go to:
http://myiown.iown.com/servlet/re?id=1798756761&sid=55221


---------------------- Forwarded by Susan M Scott/HOU/ECT on 04/07/2000 03:42
PM ---------------------------

Matthew Lenhart
04/07/2000 03:12 PM
To: Timothy Blanchard/HOU/EES@EES, Eric Bass/HOU/ECT@ECT, val.generes@ac.com,
Susan M Scott/HOU/ECT@ECT, Lisa Gillette/HOU/ECT@ECT
cc:
Subject: The Joys of Marriage

this is the funniest email i have ever received.  send it on to people b/c i
cant think of anyone to email
---------------------- Forwarded by Matthew Lenhart/HOU/ECT on 04/07/2000
03:09 PM ---------------------------

Shirley Elliott <shelliott@dttus.com> on 04/07/2000 09:54:13 AM
To: jjohnson@daewoous.com, kmcgallion@king-ranch.com,
Terri@EDIarchitecture.com, waldron50@yahoo.com, Sablica@compuserve.com,
scody@acplasticsinc.com, sclarkson@tractebelpowerinc.com,
Chad.Landry@enron.com, Matthew.Lenhart@enron.com, matthew.overbeck@ac.com,
JohnWheeler@PZLQS.com, hallieklassen@usa.net, j.cruthis@mail.utexas.edu,
AChang01@coair.com, Liz.Mortenson@chron.com, Allison Damon
<adamon@dttus.com>, Michael Lednicky <mlednicky@dttus.com>, Todd Rimmer
<trimmer@dttus.com>, Chris Strain <cstrain@dttus.com>
cc:

Subject: The Joys of Marriage

> I've got game....'Ole!
>
>
>
> Subject:      FW: The Joys of Marriage
>
>  <<cuddles>>
>

 - FARTINGI.AVI
 - RFC-822.TXT
---------------------------------- Forwarded
----------------------------------
From: mwilkerson@ajilon.com at Internet-USA
Date: 4/7/00 8:50AM -0500
To: Shirley Elliott at DTT.US.HOUSTON
*To: AMorse@EMJMETALS.COM at Internet-USA
*To: hymela@netsolve.net at Internet-USA
*To: bretts@mail.utexas.edu at Internet-USA
*To: brian.sorensen@chase.com at Internet-USA
*To: vmw@ispchannel.com at Internet-USA
*To: Elrhea.stockton@dcicorp.com at Internet-USA
*To: jdryer@kpmg.com at Internet-USA
*To: jwaldman@ers.state.tx.us at Internet-USA
*To: jim_stiffler@dell.com at Internet-USA
*To: keith.hatley@allegiancetelecom.com at Internet-USA
*To: sablica@compuserve.com at Internet-USA
*To: mark_hooper@dell.com at Internet-USA
*To: Michael_Ecklund@hines.com at Internet-USA
*To: r8834c@email.sps.mot.com at Internet-USA
*To: dmehta@uth.tmc.edu at Internet-USA
*To: mdeshotels@rightnowtech.com at Internet-USA
*To: pavri@bplaw.com at Internet-USA
*To: pconnor@us.ibm.com at Internet-USA
*To: RMoser@EMJMETALS.COM at Internet-USA
*To: ryane@tocquigny.com at Internet-USA
*To: Schoelpple@yahoo.com at Internet-USA
*To: swlh@excite.com at Internet-USA
*To: hookem@ev1.net at Internet-USA
*To: wwindom@aol.com at Internet-USA
*To: waldron50@yahoo.com at Internet-USA
Subject: The Joys of Marriage
------------------------------------------------------------------------------
-


Let me know how it looks.  Is Kathy going to send text files tonight?

Thanks,
Robin


10:00 - Overview/Causey, 10:15 - Kean, 11:00 - Buy, 11:15 - Fastow, 11:30 - Derrick/Walls, 11:45 - Koenig, 12:00 - Lemmons, 12:15 - Causey


I now see who she is. I am happy to go.

 -----Original Message-----
From: 	Williams, Robert C.
Sent:	Thursday, July 05, 2001 4:59 PM
To:	Sanders, Richard B.
Subject:	Betsy Browning

Betsy Browning, who has merged her business with DecisionQuest, wants to take us to lunch at Boulevard Bistro next Friday (July 13).  I told her I would ask you.  Can you make it?


Jim

As per your request, I examined the attached doc (Response of National Grid US to Questions posed by the comission)

My initial reaction is:

1) The simple answer to your question is: yes, I think the proposed governance and organization structure can live with an LMP model. I am not familiar with other MISO CM model, but at least in terms of LMP, my feeling is that those are not mutually exclusive. It may be worth asking Ashley Brown

2) National Grid and other proponents of For-Profit-Transcos may have other ideas on how to manage congestions (e.g. different reliability level products by customer segment). However, the attached paper makes no allusion to avoid LMP and to introduce other congestion management models. The paper does not imply a physical model either. Your feeling may be right, but it does not surface from the paper per se.

3) National Grid proposal is, in fact, an expanded version of the Southeast Model proposed at the Mediation. It reinforces the role of the Transco Company, preempting, to some extent, the role of the System Admininstrator. This was a very controversial topic in the mediation: the System Adminstrator was in charge of some functions to avoid potential bias.  (particularly from transmission companies who are not willing/able to transfer their T assets)

4) National Grid will face a lot of resistance when selling this idea; Your concerns on generation redispatch and long term transmission planning are "surfaced" in the paper, by creating a concept of "core vs. additional" functions and a chinese wall, if necessary.  But the perception of potential bias does exist. National Grid will probably face a lot of difficulty in " selling"  this idea. Particularly when we get to the details

LM

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, November 05, 2001 4:50 PM
To:	Maurer, Luiz; Stroup, Kerry; Roan, Michael; Nicolay, Christi L.
Subject:	FW: Alliance

FYI.  If we were to ask NG, could they live with the MISO CM/market model??

Thanks.

 -----Original Message-----
From: 	Steffes, James D.
Sent:	Monday, November 05, 2001 12:40 PM
To:	Nicolay, Christi L.; Roan, Michael; Novosel, Sarah
Cc:	Shapiro, Richard
Subject:	FW: Alliance

NG proposal for "splitting" work between Transco and other parties.  Don't think they do a great job of managing the key fears - (1) generation redispatch and (2) long-term transmission plant over generation investments.

As I read this document, I get the strange feeling that NG is a physical-right player.  Meaning, NG needs to build a model based on physical flows so they can control (a) TTC/ATC and (b) use of non-firm transmission.

While the NG letter states that the "functions related to energy markets can be performed by a disinterested third-party", NG specifically reserves as a Core Function the "Ability to propose congestion pricing methodology".  Sure APX could go in and operate the balancing and CM system, but NG has the right to design subject to FERC procedures.

Not sure what you guys think?

I will probably get back to Ashley Brown later this week.

Jim

 -----Original Message-----
From: 	"ASHLEY BROWN" <ACBROWN@LLGM.COM>@ENRON
Sent:	Monday, November 05, 2001 9:18 AM
To:	dennis.flaherty@cinergy.com; david.a.svanda@cis.state.mi.us; gary.r.kitts@cis.state.mi.us; greg.r.white@cis.state.mi.us; janet.c.hanneman@cis.state.mi.us; laura.chappelle@cis.state.mi.us; michael.a.fielek@cis.state.mi.us; michel.l.hiser@cis.state.mi.us; robert.b.nelson@cis.state.mi.us; william.j.celio@cis.state.mi.us; harvey.reed@constellation.com; Mfgildea@dukeenergy.com; rfahey@edisonmission.com; Steffes, James D.; airobbins@gkase-law.com; rrismill@icc.state.il.us; Snaumer@icc.state.il.us; tharvill@icc.state.il.us; diane.munns@iub.state.ia.us; gforman@mail.state.ky.us; gwgillis@mail.state.ky.us; rgraff@mail.state.ky.us; rsphillips@mail.state.ky.us; rkind01@mail.state.mo.us; wsmith@max.state.ia.us; skelly@mbolaw.com; Jim.mayhew@mirant.com; mina.turner@mirant.com; susann.felton@mirant.com; Srandazzo@mwncmh.com; ervin@ncuc.net; richard.doying@neg.pge.com; clane@psc.state.wv.us; dellis@psc.state.wv.us; don.howard@puc.state.oh.us; judy.jones@puc.state.oh.us; Kim.wissman@puc.state.oh.us; nicci.crocker@puc.state.oh.us; eckenrod@puc.state.pa.us; levin@puc.state.pa.us; jcrowley@pwrteam.com; jorr@reliant.com; cwalker@scc.state.va.us; boyntonh@state.mi.us; bborum@urc.state.in.us; Bpauley@urc.state.in.us; dhadley@urc.state.in.us; dziegner@urc.state.in.us
Cc:	Paul Connolly; nick.winser@us.ngrid.com; paul.halas@us.ngrid.com
Subject:	Alliance

Attached please find a copy of the paper entitled "Response of National Grid USA to Questions Posed by the Commission" for your review.

==============================================================================
This e-mail, including attachments, contains information that is confidential and may be protected by the attorney/client or other privileges.  This e-mail, including attachments, constitutes non-public information intended to be conveyed only to the designated recipient(s).  If you are not an intended recipient, please delete this e-mail, including attachments, and notify me.  The unauthorized use, dissemination, distribution or reproduction of this e-mail, including attachments, is prohibited and may be unlawful.

==============================================================================
 - National Grid Transco White Paper.doc << File: National Grid Transco White Paper.doc >>


I'm out...work issues. Damn...looks incredible.

-----Original Message-----
From: Erik Wollam [mailto:erwollam@hotmail.com]
Sent: Friday, June 07, 2002 9:55 AM
To: akoenig@hhw-law.com; knipe3@msn.com; chet_fenner@bmc.com; c.r.zander@att.net; Joe.Parks@bridgeline.net; Brian Constantine
Subject: fishing

#1, depo cancelled. In office, just looked at web cams. Yikes. Want to fish
tomarrow if holds. e

_________________________________________________________________
Get your FREE download of MSN Explorer at http://explorer.msn.com/intl.asp.


---------------------- Forwarded by Judy Hernandez/HOU/ECT on 07/13/2000
01:16 PM ---------------------------

Judy Hernandez on 12/02/99 08:52:08 AM
To: Shirlet Williams/HOU/ECT@ECT, Amber Limas/HOU/ECT@ECT, Tara L
Lewis/Corp/Enron@ENRON, Amber Ebow/HOU/ECT@ECT, Lisa Shoemake/HOU/ECT@ECT,
Rose Botello/HOU/ECT@ECT, Angela Barnett/HOU/ECT@ECT, Michelle
Neville/HOU/ECT@ECT
cc:
Subject: FW: Angles

---------------------- Forwarded by Judy Hernandez/HOU/ECT on 12/02/99 08:49
AM ---------------------------

	Enron North America Corp.

	From:  Maria Sandoval                           12/01/99 01:05 PM

To: Margo Reyna/HOU/EES@EES, Nichole Gunter/HOU/EES@EES, Andrea R
Guillen/HOU/ECT@ECT, Phenicia Olivier/HOU/ECT@ECT, Bernice
Rodriguez/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT, Pamela
Sonnier/HOU/ECT@ECT, Cassandra S Dutton/HOU/ECT@ECT, Cecilia
Olvera/HOU/ECT@ECT, Lorraine Becker/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT,
Angela Henn/HOU/ECT@ECT, Melba Lozano/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, yolanda.sandoval@mwk.com, patty.soria@mwk.com,
mcastillo@metromkt.com, elizabeth.gutierrez@eott.com, Judy
Hernandez/HOU/ECT@ECT, Brenda Barreda/HOU/AZURIX@AZURIX, Elizabeth
Soto/HOU/ECT@ECT
cc:
Subject: FW: Angles

---------------------- Forwarded by Maria Sandoval/HOU/ECT on 12/01/99 01:05
PM ---------------------------

	From:  Elizabeth Soto                           12/01/99 01:03 PM

To: Andrea R Guillen/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Chantelle
Villanueva/HOU/ECT@ECT, Irena D Hogan/HOU/ECT@ECT, Maria
Sandoval/HOU/ECT@ECT, rmartin9@Bayou.UH.EDU
cc:
Subject: FW: Angles

---------------------- Forwarded by Elizabeth Soto/HOU/ECT on 12/01/99 01:01
PM ---------------------------

	Enron North America Corp.

	From:  Jessica A Davila                           12/01/99 12:06 PM

To: LaDonna Avery/HOU/ECT@ECT, Cynthia Ramirez/HOU/ECT@ECT, Rita
Flores/HOU/ECT@ECT, Stephanie Cole/HOU/ECT@ECT, Stacey Duplessis/HOU/ECT@ECT,
Mercedes E Estrada/HOU/ECT@ECT, Cecilia Olvera/HOU/ECT@ECT, Frances
Ortiz/HOU/ECT@ECT, Elizabeth Soto/HOU/ECT@ECT, Melissa Rodriguez/HOU/ECT@ECT,
Laura R Pena/HOU/ECT@ECT, Rosalinda Resendez/HOU/ECT@ECT, Jennifer
Burns/HOU/ECT@ECT, Amy Rios/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT
cc:
Subject: FW: Angles

 - ANGELSIN.PPS


Jeff, sounds great.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 06/27/2000
02:24 PM ---------------------------

	From:  Jeffrey A Shankman                           06/27/2000 01:23 PM

To: David W Delainey/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, John J
Lavorato/Corp/Enron@Enron
cc:
Subject:

We've launched another new hourly gas productfor July--Mon-Fri only super
peak hours (1pm central time to 9pm central time) at HPL/ ship channel...
Brian Redmond and I (and our teams) are going to work to figure out how we
can offter this product on other pipes through balancing arrangements etc.
We've gotten a call about this product already...

Regards.  Jeff


Dan did the work on Entex.  His phone number is 832-668-1452 / eadd  'djhyvl@aep.com'.

 -----Original Message-----
From: 	Dickson, Stacy E.
Sent:	Monday, July 23, 2001 9:29 AM
To:	Perlingiere, Debra
Cc:	Espinoza, Veronica
Subject:	RE: Entex Gas Resources

I do not know anything about this.  Hyvl did all the work on Entex.

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Friday, July 20, 2001 3:14 PM
To:	Espinoza, Veronica
Cc:	Dickson, Stacy E.
Subject:	Entex Gas Resources

 I  know nothing about this agreement, and Jeff nor Gerald are currently working with this cp.  Global Contracts does not indicate a Master in place.  However, Stacy Dickson is out of the office today, she could be working with this cp.

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


Rob

How good is that credit report from Bradford.  Can I use it or do we need Lon
to update something monthly.

John


Forgot the accomplishments so here they are.
Ellis


Hi Carolyn,

GE has asked for an explanation of the relationship of Pegasus to Delta Power
(in other words, the equity structure).  Could you please ask Greg if DP can
send an email with that explanation, so that I can pass it along to GE.

Thanks,

Kay


Mark,

I'm sorry I didn't get to this issue today. I will work on it tomorrow and
will also ask Paul Landers to help gather this information.

-Garth


Three items are on line on our News Releases page:

 Please go to:
                    http://www.energy.ca.gov/releases/

1.	Media Advisory on Energy Commission scheduling an informational hearing and site visit for proposed Tracy Peaker Power Plant Project on November 28, 2001.

2.	Community calendar announcement of staff assessment workshops, for the Russell City Energy Center.

3.	Community calendar announcement of prehearing conference for the porposed Morro Bay Power Plant Project.

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

To unsubscribe from this list, please go to:

http://www.energy.ca.gov/listservers/

Or simply send an e-mail to majordomo@energy.ca.gov
and in the body of the e-mail, type in

unsubscribe (name of this list)

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

Farideh Namjou
Web Development Team
California Energy Commission
916-654-4989

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


Sorry to keep bugging you.  I think this deal is in as the wrong TransAlta.

Thanks!
Melissa


Scandinavian Gas and Power
11th & 12th February 2002
Hotel Bristol, Oslo
www.ibcenergy.com/scandinavia/?source-sw689em1178e

***Don't miss this opportunity to hear from the leading industry players within the field***

Dear Mr Lay

IBC's Scandinavian Gas and Power conference will be the industry platform to discuss the latest strategic and technical developments in the field. The main objective is to explore the issues of production and distribution, energy deregulation, exports, LNG technology, modern technologies and new projects as well as investment opportunities and finance in the exciting marketplace of Denmark, Norway and Sweden.  Full programme and speaker details available at
www.ibcenergy.com/scandinavia/?source-sw689em1178e

Speakers from:
ABS Europe
Eltra
First Securities
Hafslund
Statoil
Vattenfall
Hafslund
Norsk Hydro
Sinclair Roche & Temperley
Svensk Energi
Statnett
Norwegian School of Management
Danish Energy Agency, Ministry of
Environment and Energy
Norwegian University of Science and
Technology (NTNU)

There are a number of ways for you to register for this vital conference simply call our bookings hotline + 44 (0)1932 893851.  Alternatively, book via the dedicated webpage @ www.ibcenergy.com/scandinavia/?source-sw689em1178e

I look forward to meeting you in February in Oslo.
Yours sincerely,

Panagiotis Panagopoulos
Conference Producer
IBC Energy and Commodities Team

PS - To receive a free monthly e-newsletter detailing our new conferences, please sign up at http://www.ibcenergy.com/emailupdate

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---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 03/31/2001
09:59 AM ---------------------------

<customerservice@iinews.com> on 03/30/2001 07:59:15 AM
To: "vkamins@ect.enron.com" <vkamins@ect.enron.com>
cc:
Subject: Thank you for renewing your subscription to Power Finance & Risk

Dear Vince Kaminski:
Thank you for renewing your subscription to Power Finance & Risk - your
exclusive source for power financing and trading news -
http://www.iipower.com.

Remember, your subscription entitles you to breaking news emails, print
issues and access to http://www.iipower.com. Online, you can access breaking
news and the current issue, as well as a searchable archive and special
supplements.

Please continue to enjoy access to http://www.iipower.com , using the User ID
and Password you provided:

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*Please remember that your user name and password may be used only by you.
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mailto:customerservice@iinews.com


The report named: West VaR and Peak Position Report By Trader <http://erv.corp.enron.com/linkFromExcel.asp?report_cd=26&report_name=West+VaR+and+Peak+Position+Report+By+Trader&category_cd=6&category_name=WEST&toc_hide=1&sTV1=6&TV1Exp=Y&current_efct_date=10/17/2001>, published as of 10/17/2001 is now available for viewing on the website.

(Revision: 2)


This advice letter filing submits a replacement to the utility,s existing
Rule 21, dealing with interconnection standards for non-utility-owned
generation.  This replacement is supposedly made in accordance with the
Commission,s direction in D.00-11-001, the first decision in the distributed
generation proceeding, which directed the utilities to adopt a model
interconnection tariff which was contained in that decision.

If Enron is interested in distributed generation, then it may want to review
this tariff and become familiar with its terms.  FYI.  Please advise if you
would like additional information.


Start Date: 4/16/01; HourAhead hour: 7;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041607.txt

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 7 / Preferred:  12.00 / Final:  11.98)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/16/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_LUCKY
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
+++ Hour 7 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/16/01
  TRADING_SC: PGAE
  PNT_OF_INTRC: NP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 2
  DEAL_NO: 1


Dear Mr Mark E  Haedicke

From 4-7 February 2002, be at Asia's largest dedicated senior management level forum dedicated to power industry professionals. Now into its 5th year, Asia Power 2002 is Asia's largest market place for the power industry.

Asia Power is your best marketing and sales opportunity in 2002. This is the annual meeting place where the power generation and electricity industry networks, learns and does business.

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To secure your place, call Suzanne Voo NOW on +65 322 2755, mailto: suzanne.voo@terrapinn.com or visit www.utiliconforum.com/asiapower_2002.

See you in February next year!

Best regards

Suzanne Voo
Conference Manager
Asia Power 2002

Please visit our Platinum Sponsor, Baker & McKenzie at www.bakernet.com

If you do not wish to subscribe to future emails, kindly reply to lydia.sebastian@terrapinn.com with the words 'unsubscribe-Asia Power' in the subject field.


Sara,

Spoke with Tom Moore this morning regarding the last outstanding issue
(assignment clause for cp) and he is on board with my methodology and agrees
as well.  He and Yair will propose to Enron replacement language to get us
where we need to be hopefully.

Tracy

 -----Original Message-----
From:  Shackleton, Sara
Sent: Monday, May 14, 2001 12:11 PM
To: Ngo, Tracy
Subject: Allegheny Energy Supply

Tracy:

Did you and Yair finalize the "transfer" language?  It seems that too many
confirm questions are popping up and different forms are being drafted.  We
;should be done with the ISDA.

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


Got some great news today! I'll call you tonight.


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/09/2001
01:34 PM ---------------------------

"Btu" <subs@Btu.net> on 04/06/2001 05:26:52 PM
To: "Btu's Weekly Power Report" <>
cc:
Subject: Btu's Weekly Power Report

Attached is the latest issue of Btu's Weekly Power Report

e-mail: info@Btu.net
phone: 732-758-8222
fax: 732-758-8286

 - wp040901.pdf


FYI -

 -----Original Message-----
From: 	Jafry, Rahil
Sent:	Monday, March 26, 2001 11:14 AM
To:	Beck, Sally; Hall, Bob
Cc:	Abbanat, Stephen
Subject:	FW: CMS Opportunity

FYI - Lets talk about this today.

 -----Original Message-----
From: 	gregory.felton@cgiusa.com@ENRON [mailto:IMCEANOTES-gregory+2Efelton+40cgiusa+2Ecom+40ENRON@ENRON.com]
Sent:	Monday, March 26, 2001 10:30 AM
To:	Jafry, Rahil
Subject:	CMS Opportunity

Jafry,

Here is the actual presentation requirements as per the RFP.  We can deviate
from the form, but must address their stated requirements.  I think we
should structure the Enron portion as follows:

I.    ENW Overview
II.   Products and Services
III.  Engagement Approach

Let me know what you think.  We need to pull this together today.

I've also attached the material Steve sent me previously.

Thanks,

Greg

Office: (713) 868-5537 x1148
Mobile: (281) 787-9760
eMail: gregory.felton@cgiusa.com

 - CMS Panhandle Pipe Line - RFP1.doc


Nicola:

In follow-up to our telephone conversation, today's meeting is cancelled.  Could you advise everyone at your end?  The next meeting will be 2 weeks from today.

Thanks,

Jeff
 -----Original Message-----
From: 	Beales, Nicola
Sent:	Tuesday, October 23, 2001 6:26 AM
To:	Hodge, Jeffrey T.
Subject:	European Trading Meeting

Jeff,

I just wanted to check whether the Trading Meeting was actually taking place today (Justin wondered whether it would be cancelled as you have the All-Employee Meeting).

Hope you are well.

Kind regards,
Nicola


I looked in the Lotus Notes database, and I didn't see anything about this.
Unless Susan is working on this, I know nothing...

	Larry Joe Hunter
	08/08/2000 10:17 AM

		 To: Susan Bailey/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Phoenix Dominion Energy vs. Dominion Field Services

Susan/Tana,

I'm getting hounded by Credit to move some deals booked with Phoenix Dominion
Energy LLC over to Dominion Field Services, Inc..  Are either of you aware of
an Assignment Agreement reflecting this change?  Let me know if it's okay to
do this.

Thanks,
Joe


Hi Sheila,

Did you ever come across the retention letter for PMRW reflecting a fee
discount?  Who would have that?

Thanks,

Kay


Notice No. 00-353
October 11, 2000

TO:
COMEX Division Floor Community

FROM: Michael Campanelli, Vice President, Floor Operations, COMEX Division

RE:
New Trading Card Recordation Procedures Related to the Implementation of the
Trade Management System (TMS) on COMEX

For trading card images mentioned as examples in the text below, please refer
to:
http://www.nymex.com/refernce/notices/ntm_353.htm

Introduction
As you are aware, in the near future, the Exchange plans to merge the two
divisions onto one trade processing platform.  The COMEX Division will
replace its On-Line Trade Entry (OLTE) system with the NYMEX Trade Management
System (TMS).

While final details are being determined; certain procedural aspects of the
transition process can begin. Therefore, effective immediately, the following
should be considered:

Single Sided Concept
The source document for TMS will be the trading card.  Floor staff will
collect the original white copies and forward them to the Exchange Trade Data
Entry area where operators will key the sell side trades.  The trading cards
will no longer be forwarded to the Primary Clearing Members (PCM,s); instead
they will be retained by the Exchange (THIS WILL BEGIN WITH TMS
IMPLEMENTATION ON COMEX).  Each sell side will generate a buy side.  The
broker,s staff will be responsible for Account Assignment, Trade Checkout and
Corrections (in addition, for buy side trades it will be necessary to add the
execution time).

Implementation
In accordance with the implementation of TMS, members must begin to use new
trading card recordation procedures developed to facilitate data input.

Implementation Schedule
The COMEX Division will implement TMS for ALL COMMODITIES in the near future.
WE ASK THAT ALL MEMBERS BEGIN USING THESE RECORDATION PROCEDURES IMMEDIATELY,
to ensure readiness when TMS implementation takes place.

This will allow members to familiarize themselves with the new recordation
procedures and enable the Exchange,s Trade Processing staff to review the
handwriting/recordation techniques of the COMEX Division,s membership prior
to launch.  During this interim period, if necessary staff will contact
members regarding their handwriting or lack of adherence to procedures.  In
addition, staff will begin to familiarize members, clerks with TMS
functionality.

Spread Processing
TMS will process all the legs of a spread as one transaction.  To accomplish
this it is essential for the broker to clearly designate seller status on the
trading card when he/she is the seller of the spread (see recordation
procedures noted below). This indication will inform data entry personnel to
enter the entire spread (buy and sell components).  Opposite buy spreads (not
keyed by the Exchange) that are linked to a seller status will be generated
by the system.

NOTE: When submitting cards for data entry, the differential must be
indicated or it will be rejected.  If the differential is noted without
prices for either leg, the system will assign the appropriate market pricing
to both legs based on the most recent price reports.  If the differential is
noted along with the price of one of the legs, the system will assign an
appropriate price to the other leg.

Recordation Procedures
For the purpose of standardization within the community, the following
trading card recordation procedures must be used by the brokers:

ALPHA CODES ONLY
*TMS does not recognize numeric broker codes, therefore use only the
appropriate alpha broker codes for trading card recordation and trade
processing.

SPREADS (MULTIPLE LEG TRADES)
*Place the value of the spread (differential) in the bottom portion of each
entry line,s center field.  Circle the spread value. This will inform data
entry personnel that the trade is a spread (see e.g. 1).

NOTE: Failure to place a circled differential in the spread box will result
in the entry of the sell leg only as an outright trade.

*Place a slash through the circled differential if you are the buyer of the
spread.  This will inform data entry personnel to ignore the spread (see e.g.
2).

*Attach a line to either of the above mentioned indicators when a multiple
leg spread is involved; for example:  Butterflies; this will convey that all
the components are part of one entity (see e.g. 3).

CABINET TRADES
*Place "CAB" or "C" in the premium column (see e.g. 4).

CONVERSIONS
*Place the option components on one line.  The futures component price must
be written on the next line, across the Strike and Premium columns (see e.g.
5).

MATCHED ORDERS
*Place "MO" in the price column (see e.g. 6).

Trades submitted to the Exchange as MO transactions will initially receive
the previous day,s settlement prices until the current day,s settlement
prices are determined and immediately applied.

EXCHANGE FOR PHYSICAL "EFP,S"
*Place "EFP" or "E" in the (SPD) box (bottom portion of each entry lines
center field) (see e.g. 7).

Crossing of Orders
Place a "Y" in the spread (SPD) box (see e.g. 8 line A), except when crossing
an EFP, at which time the letters "EFP" must be indicated instead.  (see e.g.
8 line B).  Additionally, it will not be necessary to denote a "Y" for cross
trades that require the recordation of a differential.

Note:  The clearing information related to a short code that is data entered
by the Exchange will only apply to the sell portion of the cross trade.  The
buy side will require subsequent allocation in a typical manner.

Strip Trades
Place the beginning and ending months in the month columns of successive
trade lines, with the average price indicated in the price column.  Write
*STRIP* adjacent to the bracketed trade data to highlight the trade type for
data entry personnel. (see e.g. 9).

Note: The reccommended recordation procedures for various additional types of
trades are shown in examples 10 through 20.

Short Codes
When it is possible the account area on the card should be used to indicate
the appropriate short code.  The Exchange will data enter the sellers short
code and the corresponding account assignment information will be generated.

Note: When a short code is provided as part of spread sellers sell leg
information, the allocation will be applied to both the sell leg and the buy
leg.  If the buy is intended for the same customer but a different clearing
member, a reallocation will be necessary.

Trading Months
1st occurrence - month symbol
2nd occurrence - circled month symbol
Beyond 2nd occurrence - month symbol plus the last digit of the appropriate
year.

Trading Card Submission Requirements
Cards must be submitted within 15 minutes of the time of execution of the
first trade (buy or sell) recorded on the card.  For example a trade executed
at 10:15 a.m. must be submitted no later than 10:30 a.m. Submission
performance will be monitored by the Exchange and those brokers deemed
non-diligent will be subject to disciplinary action.

Note: Cards that include trades executed during either the close or
post-close, must be submitted within 5 minutes of the bell marking the end of
each period.

Trading Ring Change Submission Procedure
Cards must be submitted to the ring in which the trades appearing on them
were executed.  Therefore, in cases when a broker intends to leave one ring
to trade in another, prior to leaving if he/she has a partially completed
card it must be submitted in the ring he/she is departing.

Trading in a Multiple Commodity Ring
Trades that are recorded on a trading card that differ from the commodity
indicated on the heading of the card, should include the commodity name, for
example: ALUMINUM, written adjacent to the trade details on the same entry
line (see e.g. 21).

Audit Trail Timing
Every trade whether buy or sell, must have an accurate trade time.  There is
no change to the audit trail timing methodology.  Just as is current
practice, the execution times indicated by the broker on his/her trading
cards will continue to be compared to the Exchange Times and Sales as well as
the opposite broker,s execution times.

Questions?????? If you have questions regarding the new trading card
procedures please call Michael Campanelli at (212) 299-2072 or David Sherman
at (212) 299-2061.

THE EXCHANGE WILL BE CONDUCTING PROCEDURAL DIFFERENCES CLASSES IN THE NEAR
FUTURE. ATTENDANCE WILL BE MANDATORY FOR BOTH BROKERS AND THEIR CLERKS. A
SCHEDULE WILL BE FORTHCOMING.

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

"http://208.206.41.61/email/email_log.cfm?useremail=tana.jones@enron.com&refdo
c=(00-353)"

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.


EXECUTIVE SUMMARY
?	Several procedural scenarios that might play out regarding the Edison MOU.
?      A snapshot analysis of the political dynamics that affect the outcome.

Procedural Scenarios

Assembly
The Assembly Appropriations Committee's plan to take up SB 78XX today will likely be a pro forma hearing moving the bill forward to the full Assembly on a party line vote.  While the controversial land easements amendments had been removed as of Friday's draft bill, it is rumored that the amendments may have returned over the weekend.  If the problematic "Shaver Lake" provisions are removed from the bill, Assembly members may not hear much vocal public opposition from their constituents about rejecting the bill (although consumer groups are opposed and are trying to generate grass roots opposition).  If the Shaver Lake amendments remain, several Central Valley legislators may oppose the plan in committee.

Assembly Speaker Bob Hertzberg supports this Edison deal, and the business community supports some recent amendments. This likely mitigates concerns from other pro-business Democrats.  With or without the Shaver Lake provisions, Hertzberg should get at least 41 Democratic members (and probably a few more), but no more than 2 Republicans (if any) to vote Aye on the bill.  Hertzberg has more than enough votes to spare from his caucus - he needs 41 votes for the bill to pass, and there are 50 Democrats in his caucus.  If the vote is close, a personal plea from him and/or the Governor should enable him to get to 41.

Senate
The bill would next move to the Senate for approval of the Assembly's amendments. This is where the prognosticating gets difficult.  Senate President pro Tem John Burton has said he does not support any amendments to SB 78xx.  Gov. Davis and Speaker Hertzberg will likely meet several times with Burton to try to cut a deal, but relations between Davis and Burton are currently frayed (due to a variety of factors), and Burton is not one to back down from a position unless there is something in it for him to change his position.
This would lead to one of four scenarios:
?	Burton refuses to have the bill heard in the Senate, and no Edison MOU bill is approved before Sept. 15th,
?	Burton agrees to let the bill be heard despite his opposition (this option is unlikely),
?	Burton comes to a deal with Davis and Hertzberg and brings the bill (as it is passed by the Assembly) for a         vote in the full Senate with his support,
?	Burton comes to a deal with Davis and Hertzberg, but as part of the deal, he insists on changes in the bill - thereby sending it back to the Assembly for more amendments, and another vote in the Assembly - before a vote in the Senate.

John Burton is considered one of the smartest, and certainly the cleverest politician in California state government today, so it is problematic to guess his next move.  Additionally, external factors play into the determination of which of these options will result.  For instance, the Governor may be willing to cut a deal with Burton on an unrelated issue that Burton cares more about resolving his way (e.g. workers compensation benefits, drug courts, reapportionment).  Foretelling what will happen in the Senate is extremely difficult.  But Davis and Hertzberg will try to cut a deal with him, and given Burton's past actions, he may string them along, holding out for several days (maybe even until Sept. 14th) before he agrees to anything.

Governor
Assuming the bill escapes the Senate (and more deals may need to be cut to get enough votes) the Governor will almost certainly sign it, regardless of Edison's public position.  The bill will go into effect 90 days after the Governor signs it.
Consumer groups have vowed to undo any "Edison bailout" enacted into law by way of the ballot box.  That could be either (1) an initiative to pass another bill overturning SB 78xx and replacing it with other provisions, or (2) a referendum to repeal SB 78xx, making it as if the bill was never passed at all.

Initiative
Once drafted and submitted to the Attorney General, it takes 15 days to receive an official title and summary, and another 25 days if the AG determines that a fiscal estimate is necessary. After either the 15 or 40 days, the Attorney General sends it to the proponents, the Senate, the Assembly, and the Secretary of State. The day it is mailed is called the Summary Date.  That is the day upon which all calculations are made.

The proponents are allowed a maximum of 150 days to circulate petitions and collect signatures. However, the initiative measure must qualify at least 131 days before the statewide election in which it is to be submitted to the voters.  Therefore it is past the deadline to qualify for the next statewide election, on March 5, 2002 (statewide primaries), and so, could not qualify until the statewide general election on November 5, 2002.  However the window is tight for that election, as well, and a proposal would need to be submitted to the Attorney General by the end of September 2001 to qualify for November 2002.

The legislature may conduct public hearings on the proposed initiative, but cannot amend it.  So whatever is submitted is what goes on the ballot.  An initiative requires the gathering of signatures equal to five percent of the total votes cast for Governor in the preceding gubernatorial election (419,260 signatures).  The ability to collect signature is heavily dependent on the amount of money the proponents have to pay signature gatherers. It seems unlikely that the consumer groups will be able to raise that kind of money quickly, but Harvey Rosenfield of the Foundation for Taxpayer & Consumer Rights has been successful at placing pro-consumer initiatives on the ballot before, including Prop. 9 in 1998, which sought to undo AB 1890 before the public understood its ramifications.

Referendum
Referenda on the ballot are fairly rare in comparison to initiatives, although a successful referendum was on the March 7, 2000 ballot.  Prior to that, the last four questions placed before the voters appeared on the June 1982 primary election ballot. All four were defeated. Since 1912, there have been approximately 50 attempts to qualify referenda for the ballot. Of the 50 attempts, 39 qualified for the ballot, 26 of which prevented legislative statutes from taking effect.  The circulation calendar, verification, timing, and the form of petition have different requirements than initiatives.  For example, the California Constitution requires that the process must be completed within ninety days of the enactment of the bill that is being referred. The signature requirements are the same for a referendum as an initiative statute, though.

Political Dynamics
Notwithstanding the Governor's and Assembly Speaker's desire to enact an Edison rescue package, Senate President pro tem John Burton is in the driver's seat. In fact, as noted above, there is a perception among some that it is the Governor who needs Burton and not the other way around.  One business source close to the negotiations believes Burton is not inclined to ask his members to make a second vote for an Edison bailout. In fact, members of both houses are worried about being perceived as bailing out the hobbled utility, their reluctance fed by generators' lobbyists who are sharing survey data that indicates voters blame the utilities for the energy mess and oppose any bailout.

Currently, due largely to this dynamic and others such as the Shaver Lake issue, there are not 41 votes for an Edison rescue in the Assembly. We believe this will change as the Governor and the Speaker exert their influence, and the bill will pass the Assembly.  As difficult as it is to make predictions regarding the Assembly, the state Senate presents an even larger challenge. However, at this point it is our opinion that the odds of an Edison rescue package being approved by the state Senate are less than 50 percent.


do you know the status?

   Kate Symes @ ECT                02/15/2001 06:20 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: tfs

I'll have to ask Mike about this in the morning - he's in that conference for
the afternoon. It says 25 mw in his trade log.

Kerri Thompson@ENRON
02/15/2001 01:56 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: tfs

524175

broker has 50 mw


Gentlemen,

Here are some points which require commercial et al input:

Do we intend to include gas transactions in our calculation of profit?

We will be buying electricity to serve their load.  How should be be paid for
those costs?  How often?

Jim Homco questioned whether we should buy the fuel oil.  What do you want to
do?

I've added the definition of Scheduling Equipment Costs.  How should it be
used in the agreement?  Are we limiting our provision of scheduling equipment
to the equipment  listed in the exhibit?

What financial security will be required of them?

Are we attaching Marketing Strategy and Trading/Risk policy, or establishing
a time line?

How do we deal with the possible cost of establishing a control area?  Are we
absorbing it?  Will there be additional infrastructure costs?

Have the exhibits been updated?  If so, could I get the latest version?

Kay


RSVP:  Yes, I will attend.  I will arrive in San Antonio in time for the
dinner on Tuesday evening.  Count me out for golf on Wednesday - I don't
think they would want me to play!

Breakout Sessions:  SAP Reporting Issues
        Analyst/Associates Program
        (I will be glad to participate in any of the sessions, if there are
needs to move anyone around)

Top 4 Objectives for Accounting Group:  Streamline close process
(from a Non-Accountant!!)     Implement data warehouse for flexible reporting
        Increase visible participation in Analyst and Associate recruiting
and          rotations
        Asssure efficient service from COE (or its replacement),
         providing timely, creative solutions and an extremely high
degree of excellence

Dietary/Special Needs:    Something chocolate for dessert!!!


Tomorrow at 4 EDT sounds good to me but I'm not sure we're ready.  I'd like to
make sure all of our sponsors like the idea of coordinating with IBER and
UCEI.
What say you, sponsors?  The co-sponsorship decision affects our decisions on
place, topics, and speakers, becase IBER and UCEI would need to get involved
right away.

I spoke with Borenstein last night.  Shapiro's initial idea was exactly what
we're planning.  They appreciate and respect the fact that we've done most of
the legwork.  They'd like to be part of it and it sounds like they would
consider it a favor if we included them.  IBER has a subgroup called the
Competition Policy Center which is a program meant to exploit the incredible
concentration of antitrust economists at UC Berkeley.  I can certainly imagine
ways the school could benefit from a stronger connection with CPC and UCEI,
who
are so widely respected and are doing public policy.  If Lee thinks its worth
potentially losing a bit of limelight on this conference for the long run
benefits of building resources and connections on campus, I'm all for it.
Rob

> -----Original Message-----
> From: Heather Cameron [SMTP:hcameron@uclink.berkeley.edu]
> Sent: Wednesday, August 30, 2000 6:48 PM
> To: gramlr@pjm.com; whederman@columbiaenergygroup.com;
> doornbos@socrates.berkeley.edu; amosher@appanet.org;
> lfried@uclink.berkeley.edu; jeff.dasovich@enron.com
> Subject: Re: Draft program
>
> Dear All,
>
> After listening to the various viewpoints and concerns expressed in our
> last conference call, I believe that the panel options listed in Option 3
> of Rob's draft might be most effective in producing the type of discourse
> that we are seeking.
>
> I propose that we schedule a conference call for this Friday afternoon,
> September 1, at 4PM EDT. I mentioned that I have reserved the Krutch
> Theater (max.capacity 375) for the week of November 13-17. I have since
> been informed that I can only hold the whole week through Wednesday,
> September 6, therefore, it will be important to narrow the options down
> very soon if we can.
>
> Best wishes,
> Heather
>
>
>
> At 06:44 AM 8/30/00 -0400, gramlr@pjm.com wrote:
> >Shall we try to talk again Monday?  I think I will talk to Borenstein to
see
> >what the Haas folks have in mind.
> >
> >I tried to capture everyone's comments.  Allen, you might want to explain
> more
> >about your panel suggestions since I didn't do them justice.  As you'll
see I
> >took the liberty of offering a new characterization of the panels that I
> >didn't
> >bring up on the call.  Everything on there is offered as a strawman to be
> >criticized and changed.
> >Rob <<Draft  program.doc>>
> >
> >Rob Gramlich
> >PJM Market Monitoring Unit
> >(610) 666-4291
> >gramlr@pjm.com
> >
> >
>
> Heather Cameron, Events Coordinator
> The Richard & Rhoda Goldman School of Public Policy
> University of California, Berkeley
> 2607 Hearst Avenue
> Berkeley, CA  94720
> Tel: 510-642-9437
> Fax: 510-643-9657
> GSPP home page: http://gspp.berkeley.edu


Houston Astros Baseball season tickets are available sale to employees at their face value.  The seats range in price from $2,490 to $3,237 for the season, and are located in the box and club levels.

If you're interested in being on the list of potential buyers for Enron's season tickets to the Astro's 2002 home games, please indicate your interest by 4PM, Central Time on Thursday, March 21 via e-mail to Elizabeth Linnell.  In your e-mail, please indicate the number of seats you're interested in purchasing for the full season (no partial season or individual games).  Once the number of interested potential buyers is determined, we'll know whether a lottery process will need to take place to fairly allocate the purchase opportunities and will communicate that to respondents.

Please note that the season begins on Friday, March 29 so payment for the tickets will need to be made early next week.

If you have any questions, please call Elizabeth Linnell at x33896 or Rachel Tobor at x31481.


FYI

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/21/2000
01:08 PM ---------------------------

Vince J Kaminski
08/21/2000 12:58 PM
To: Shelly Butler/HOU/ECT@ECT
cc: John J Lavorato/Corp/Enron@Enron, Jeffrey A Shankman/HOU/ECT@ECT, Hunter
S Shively/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT
Subject: Re: Vikas Dwivedi

Shelly,

I shall not accept anybody for a rotation without a prior interview.

Li was scheduled to meet with me last Thursday but  she never showed
up. She did not call to cancel or to apologize for not showing up.
I have not seen her resume.

Please, assume she is not rotating into my group till further notice.

Vince

	From:  Shelly Butler                           08/18/2000 03:37 PM

To: Jeffrey A Shankman/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron, Vince J
Kaminski/HOU/ECT@ECT, Craig Breslau/HOU/ECT@ECT, Ina Rangel/HOU/ECT@ECT
Subject: Vikas Dwivedi

Jeff,

Just wanted to confirm that Li will be placed in Vince Kaminski's group.
Vikas has been placed in ENA Middle Market reporting to Craig Breslau.
Please contact me at 3-4584 if you have any questions.  Thanks for your help!!

Shelly

	From:  Jeffrey A Shankman                           08/18/2000 03:18 PM

To: Shelly Butler/HOU/ECT@ECT
cc: Hunter S Shively/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
Subject:

Shelly,

Hunter spoke with Li today and agrees that her first rotation should be in
Vince's group doing modelling, etc.  This will give her the broadest
experience for a first rotation.  I'm sure the other person in question,
Vikas, will do very well in Hunter's group.

Thanks for your help.

Jeff


Rod,

As requested, attached is a status up-date on the Goals & Objectives for
NBPL.

Please call should you have questions.


Les,

The same to you. Best Holidays Wishes and a Happy New Year.
Hope to see you in Houston in March. I signed up for one training class
and I am sending 2 guys to both courses.

Vince

"Les" <les@lacimagroup.com> on 12/19/2000 10:12:50 AM
To: "Peter Ash" <PAsh@anpower.com>, "Peter Israel"
<Peter.Israel@boral.com.au>, "Peter Phillips" <peter.phillips@axa-re.com>,
"Phil Hudson" <100774.2720@compuserve.com>, "Philip Emery"
<damory.nc@netzero.net>, "Philip Stein" <philip.stein@ssmb.com.au>, "Qiang
Fu" <qfu@bear.com>, "Randal Parsons" <Randal_Parsons@yahoo.com>, "Richard
Coleman" <Richard@chatwin.co.uk>, "Rob Clarke" <rob_clarke@standardlife.com>,
"Rob de Rozario" <rob_de@hotmail.com>, "Roger Power"
<rogerp@morgan.ucs.mun.ca>, "Ronald Heynen" <Ronald_HEYNEN@paribas.com>,
"Rubin Rajendram" <rubin_rajendram@hotmail.com>, "Russell Grimwood"
<phd96rg@razor.wbs.warwick.ac.uk>, "Sam Downes"
<downes@babbage.cs.murdoch.edu.au>, "Sandra Jackson"
<sandrajackson@cmc.aust.com>, "Sharon Burke" <sharon@colplan.co.uk>, "Silio
Aparicio" <silio.aparicio@enron.com>, "Silvana Musti" <smusti@libero.it>,
"Steve Dalton" <steve.dalton@icorbroker.com>, "Steve Thomas"
<SteveT@citizenspower.com>, "Stewart Hodges" <forcsh@wbs.warwick.ac.uk>,
"Suhrud Dagli" <sdagli@newbreak.com>, "Tiffany Hutcheson"
<Tiffany.Hutcheson@uts.edu.au>, "Tom Cooper"
<thomas.cooper@uk.pwcglobal.com>, "Tony Hall" <tony.hall@uts.edu.au>, "Vince
Kaminski" <Vince.J.Kaminski@enron.com>, "Yvonne Gray" <yvonne.gray@uts.edu.au>
cc:
Subject: Seasonal greetings

Seasonal greetings and best wishes for a happy and prosperous new year!

Les.

Dr. Les Clewlow
Visiting Research Fellow, School of Finance and Economics, University of
Technology, Sydney, Australia.
Associate Research Fellow, Financial Options Research Centre, Warwick
Business School, Coventry, UK, CV4 7AL.
Director, Lacima Group Ltd. 55 Skylines Village, Limeharbour, London, E14
9TS, UK. Phn: +44 (0)171 531 9628, Fax: +44 (0)171 538 5781
WWW:   http://www.lacimagroup.com


Here's the outline we sent to FERC yesterday.? I had sent the  following
e-mail last week to Dan Larcamp and Ellen Schall (OGC) of FERC.
?
?

Dan ) I am a senior research fellow at the Mercatus Center at  George Mason
University.? I recently  taught a course to FERC staff on energy derivatives,
and based on that and  discussions with others, think you might benefit from
a broader course to help  FERC staff and commissioners understand prices and
energy markets, particularly  the relationship between cash or spot markets,
and financial markets (including  derivatives).?

We at the Mercatus Center are in a unique position to serve  as a resource to
the Commission and staff on economic/financial issues.? We are a nonprofit,
research, education,  outreach organization, and, as part of our mission are
organized to work with  the administration on different regulatory and market
issues.? We would offer the course at no  charge.

We have in mind a team of experts in energy markets with  unique experiences
and?  perspectives.

Prof. Bill Albrecht, of  Iowa State University is a former commissioner at
the Commodity Futures  Trading Commission.? He was there  in the aftermath of
the Crash of +87, during the Gulf War and other market  crises, and has a
valuable understanding of the issues FERC is facing now,  with respect to the
influence of trading and derivative markets on energy  prices.
Jerry Ellig, Ph.D., is  a senior research fellow at Mercatus and has done
extensive research and  teaching on market infrastructure issues,
particularly in energy markets.
Prof. Vernon Smith, who  has recently joined the faculty of GMU and the
Mercatus Center, is known as  the father of experimental economics.?  You may
be familiar with his sophisticated economic &experiments,8  which offer hands
on experience with energy markets, including transmission  constraints, etc.
and allow participants and researchers to test market  reactions to different
rules, events, etc.
I  am a former CFTC economist, and write and teach courses on risk and risk
management in energy markets.?

Professor Albrecht will be in the area on July 25-26.? Two 3-hour sessions on
those days  (starting in the afternoon after your Commission meeting on the
25th)  would provide a strong introduction to these issues.? We could then
talk about whether future  courses or workshops would be valuable.

I will call you tomorrow to discuss this idea.

?

?

Susan  E. Dudley, Senior Research Fellow, Regulatory Studies Program,
Mercatus Center,  George Mason University?

3401 North Fairfax Drive,  Suite 450, Arlington, VA 22201-4433.?
703-993-4934 (o)??  703-995-4835 (fax)?  703-754-0304 (h)

www.mercatus.org
 - FERC course outline 7-16.doc


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print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 10/10/2000
09:34 AM ---------------------------

Thor Lien
10/10/2000 12:02 AM
To: Mike McConnell/HOU/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT
Subject: Re:

Mike

Good to hear. I have also added more on the summary, so if you want you can
read the first part of this

Thor

	From:  Mike McConnell                           10/10/2000 01:11

To: Thor Lien/OSL/ECT@ECT
cc: Jeffrey A Shankman/HOU/ECT@ECT

Subject:

Thor,

A quick note.  I don't believe I ever followed up with you on your weather
business plan.  I looked at it several times primarily in pieces while
traveling overseas.  I read it again today and wanted to give you some
feedback.  I thought it was excellent work and very well presented.  Thank
you for all your effort.

 I am in town this week, I canceled being out of the office an additional 3
days, and I will be spending time thinking about weather as well as some of
our other businesses.  I'll give you a call toward the end of the week to
discuss some of the ideas you presented.

Mike


Kim,
When are you available to talk about Caithness?  Just let me know.
Also, thought you might be able to use this information resource.

 -----Original Message-----
From: 	Bruce, James
Sent:	Monday, October 22, 2001 3:54 PM
To:	Allen, Phillip K.; Alonso, Tom; Alport, Kysa; Badeer, Robert; Belden, Tim; Brown, Kortney; Bruce, James; Bryson, Jesse; Buerkle, Jim; Cadena, Angela; Calger, Christopher F.; Chang, Fran; Chen, Andy; Choi, Paul; Clark, Ed; Comnes, Alan; Conwell, Wendy; Dalia, Minal; Davidson, Debra; Donovan, Terry W.; Driscoll, Michael M.; Dunton, Heather; Dyer, Laird; Eriksson, Fredrik; Etringer, Michael; Fillinger, Mark; Foster, Chris H.; Frost, David; Fuller, Dave; Gilbert, Jim; Gomez, Julie A.; Gray, Stan; Grigsby, Mike; Guillaume, David; Guzman, Mark; Hammond, Don; Holst, Keith; Kaufman, Paul; Lackey, Chris; Law, Samantha; Mainzer, Elliot; Malowney, John; Mays, Wayne; Mcdonald, Michael; Mckay, Jonathan; Miller, Stephanie; Motley, Matt; Mullen, Mark; Mumm, Chris; Nelson, Kourtney; Ngo, Tracy; Oh, Jeffrey; Page, Jonalan; Parquet, David; Perry, Todd; Polsky, Phil; Presto, Darin; Radous, Paul; Rance, Susan; Rawson, Lester; Richter, Jeff; Rosman, Stewart; Sacks, Edward; Salisbury, Holden; Sarnowski, Julie; Savage, Gordon; Scholtes, Diana; Semperger, Cara; Shields, Jeff; Slaughter, Jeff G.; Smith, Sarabeth; Soderquist, Larry; Surowiec, Glenn; Swain, Steve; Swerzbin, Mike; Symes, Kate; Thomas, Jake; Thome, Stephen; Thome, Stephen; Thompson, Virginia; Van Gelder, John; Ward, Kim S (Houston); Wente, Laura; Williams III, Bill; Williams, Bill; Williams, Jason R (Credit); Zufferli, John
Subject:	Weekly New Gen Report

Hello,

The first edition of the weekly new generation report is available at:

O:_Dropbox/West New Gen/Weekly/1_10_19_01.

This is the first edition of a new report that is designed to provide Enron employees with the latest media reports and market analysis on issues affecting new power plant construction in the WSCC.  If you have any questions or comments about this new report, don't hesitate to bring them to my attention.  Thanks and enjoy,

James Bruce
Enron North America		(503) 464-8122
West Power Desk		(503) 860-8612 (c)
121 SW Salmon, 3WTC0306	(503) 464-3740 (fax)
Portland, OR 97204		James.Bruce@Enron.com


what is his bonus?  I have not seen him on the exception sheet.  same for
russel dyke.
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/12/2001
12:20 PM ---------------------------

	Enron North America Corp.

	From:  Ivonne Brown @ ENRON                           01/12/2001 10:52 AM

To: Dave Hill/Corp/Enron@Enron
cc: Jeffrey A Shankman/HOU/ECT@ECT, Teresa Bosien/HR/Corp/Enron@ENRON
Subject: Robert Hitch and Promotion

David,

Robert Hitch was nominated for promotion to Manager effective 2/01/01.
Please note that the HR department of the hiring Business Unit is responsible
for handling all promotions out of the program.  Please feel free to contact
me if you should have any questions.

Sincerely,
Ivonne Brown
ext. 57106


I kept your contact list, but now I can't find the CV you sent.  Would you
mind resending?

Kevin Scott <kevinscott@onlinemailbox.net> on 06/20/2001 02:02:00 PM
Please respond to kevinscott@onlinemailbox.net

To: Steve Kean <skean@enron.com>, Jeff Skilling <jeff.skilling@enron.com>

cc:

Subject: Public Policy Contacts for California

Jeff and  Steve
?
As you requested, I have  prepared a list of my preferred public policy
contacts?for  California.? It is composed of professionals from an array of
public,  private and non-profit backgrounds.? I have worked in some capacity
with?each of these people?and most I know quite well.?
?
Please call me for further  background.
?
Kevin
213-926-2626
?
Attachment
 - Kevin Scott -  Preferred Contacts - 6-20-01.doc


Here are today's Secretary Richardson's FERC comments regarding California
electricity markets as discussed in the Wall Street Journal.  FERC is not
required by law to treat the Secretary's comments differently from any other
intervener.  DOE is interested in our comments to their filing. thanks.

 - calfile.wpd


1:30pm sounds fine. Where do you sit?

Also, just to confirm, we are looking for:
1. Table/list of gas curves and their primary, secondary and parent relationships;
2. Volatility curve table/list for gas; methodology for system calculation of correlation
3. Volumetric poistion data by curve for gas as of 11/30/01

Thanks,
Mike

 -----Original Message-----
From: 	Scott, Susan M.
Sent:	Wednesday, February 27, 2002 10:33 AM
To:	Bowler, Tim; Barone, Michael
Subject:	FW: Curve mapping

Hey guys...wanted to see what your availability is for this afternoon.  Also, would you mind emailing the two individuals Wei listed and outline for them exactly what information it is you're hoping to locate.

Thanks,
Susan Scott
x31455

 -----Original Message-----
From: 	Hu, Wei
Sent:	Wednesday, February 27, 2002 10:29 AM
To:	Scott, Susan M.
Cc:	Constantine, Chris; Hagelmann, Bjorn
Subject:	Curve mapping

Susan,

I am busy this morning.  Can we do this early this afternoon, say at 1:30?

Also can you please send an email to my supervisor Chris Constantine and our main business user Bjorn Hagelmann to outline what the request is.

Thanks,

Wei


Mark Taylor asked me to respond to your request about the OMLX  software.  I
spoke to Mark Elliott in our London office who dealt directly with the OMLX.
He said to contact Susan Gill at the OMLX, who we spoke to on the agreements,
and she should be able to direct you to their software people.  Her number in
London is 011 44 171 815 8510.  Let me know if I can be of further service.


Dear James,

Thanks for the e-mail.  The info I sent yesterday was not complied by me.  I
took over the reporting just yesterday and am making changes to it.  The
information I will provide on the log from London is what I hear in the
morning meeting.  What I need to do is ensure I get complete info from you,
so I will send you the London information each day as I understand it and you
can add comments.

Thanks

Shona

James New@ECT
11/10/2000 06:45 AM
To: Shona Wilson/NA/Enron@Enron
cc: Sally Beck/HOU/ECT@ECT, Mike Jordan/LON/ECT@ECT

Subject: Report on London Middle Office RiskTrac Performance

Shona,

Thanks for your task force summary.

Below is what I have already produced here from the London perspective.

Should we not be looking to get more detail of exactly the reasons were
especially for human errors and highlight those areas where the problems
arise rather than grouping things together and in so doing losing the detail
? Also we should try to get some trend information so that it is clear where
we are improving (or not as the case may be) on both a general and specific
book basis.

James
---------------------- Forwarded by James New/LON/ECT on 10/11/2000 12:43
---------------------------

James New
09/11/2000 16:25
To: Debbie R Brackett/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Fernley
Dyson/LON/ECT@ECT, Mike Jordan/LON/ECT@ECT, David Port/Market
Risk/Corp/Enron@ENRON

Subject: Report on London Middle Office RiskTrac Performance

Debbie,

Using the data you kindly sent me I had one of my guys extract the
performance issues from a London stand point and specifically look into the
incidence of human errors  as those we can 'influence' immediately.

I am glad to say that the human error rate is very low and over this
(approximate) 30 business day period and in fact there were only 5 human
errors on around 120 officialised DPRs.

London IT are also going to analyse the data to try to pinpoint trends in
their area.

Please let me know if this is informative.

Regards James


I think we have a winner.

Main Entry: cir?cu?i?tous

      Pronunciation: (")s&r-'ky_-&-t&s
                     Function: adjective
                     Etymology: perhaps from Medieval Latin circuitosus, from
Latin
                     circuitus
                     Date: 1664
                     1 : having a circular or winding course <a circuitous
route>
                     2 : not being forthright or direct in language or action
                     - cir?cu?i?tous?ly adverb
                     - cir?cu?i?tous?ness noun

Also, you gotta love this quote:

Wit makes its own welcome, and levels all distinctions. No dignity, no
learning, no force of character, can make any stand against good wit.

       -Ralph Waldo Emerson (1803-1882)

Truer words have never been spoken.

Shorty


Start Date: 4/11/01; HourAhead hour: 4;  No ancillary schedules awarded.
Variances detected.
Variances detected in Generation schedule.
Variances detected in Energy Import/Export schedule.
Variances detected in Load schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001041104.txt

---- Generation Schedule ----
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 4 / Preferred:  34.66 / Final:  20.00)
  TRANS_TYPE: FINAL
  SC_ID: TOSCO
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  UNIT_ID: UNCHEM_1_UNIT
$$$ Variance found in table tblGEN_SCHEDULE.
     Details: (Hour: 4 / Preferred:  41.20 / Final:  41.17)
  TRANS_TYPE: FINAL
  SC_ID: DELANO
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  UNIT_ID: PANDOL_6_UNIT

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 4 / Preferred:  47.00 / Final:  46.99)
  TRANS_TYPE: FINAL
  SC_ID: ECTstSW
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: MEAD_2_WALC
  INTERCHG_ID: EPMI_CISO_8000
  ENGY_TYPE: WHEEL
+++ Hour 4 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: PVERDE_5_DEVERS
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: WHEEL
+++ Hour 4 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_BUNNY
  ENGY_TYPE: WHEEL
+++ Hour 4 - bad data from ISO.
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_SCOUT
  ENGY_TYPE: NFRM

---- Load Schedule ----
$$$ Variance found in table tblLoads.
     Details: (Hour: 4 / Preferred:   0.43 / Final:   0.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE1
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 4 / Preferred:   4.65 / Final:   3.29)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE2
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 4 / Preferred:  42.53 / Final:  29.40)
  TRANS_TYPE: FINAL
  LOAD_ID: PGE3
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI
$$$ Variance found in table tblLoads.
     Details: (Hour: 4 / Preferred:  22.92 / Final:  26.92)
  TRANS_TYPE: FINAL
  LOAD_ID: SCE1
  MKT_TYPE: 2
  TRANS_DATE: 4/11/01
  SC_ID: EPMI


David:
Here are more of the EDR files.
Ben
---------------------- Forwarded by Benjamin Rogers/HOU/ECT on 12/06/2000
11:05 AM ---------------------------

Jon Cathers@ENRON
12/05/2000 02:35 PM
To: benjamin.rogers@enron.com
cc:
Subject: 1st Quarter 2000 EDR Report Files

More.........


---------------------- Forwarded by John Arnold/HOU/ECT on 05/11/2001 11:53 AM ---------------------------
From:	Jason R Williams/ENRON@enronXgate on 05/11/2001 10:50 AM
To:	Phillip K Allen/HOU/ECT@ECT, Scott Neal/HOU/ECT@ECT, Hunter S Shively/ENRON@enronXgate, Thomas A Martin/ENRON@enronXgate, John Arnold/HOU/ECT@ECT
cc:	William S Bradford/ENRON@enronXgate, Tanya Rohauer/ENRON@enronXgate, Russell Diamond/ENRON@enronXgate
Subject:	PG&E Energy Trading

Phillip, Scott, Hunter, Tom and John -

Just to reiterate the new trading guidelines on PG&E Energy Trading:

1.  Both financial and physical trading are approved, with a maximum tenor of 18 months

2.  Approved entities are:	PG&E Energy Trading - Gas Corporation
				PG&E Energy Trading - Canada Corporation

				NO OTHER PG&E ENTITIES ARE APPROVED FOR TRADING

3.  Both EOL and OTC transactions are OK

4.  Please call Credit (ext. 31803) with details on every OTC transaction.  We need to track all new positions with PG&E Energy Trading on an ongoing basis.  Please ask the traders and originators on your desks to notify us with the details on any new transactions immediately upon execution.  For large transactions (greater than 2 contracts/day or 5 BCF total), please call for approval before transacting.

Thanks for your assistance; please call me (ext. 53923) or Russell Diamond (ext. 57095) if you have any questions.

Jay


Crude WTI 24x7 Marketing Effort

Trade Count:
 270 Trades
 12.3 Millions of Barrels
 10 Counterparties Transacting Today
 31 Counterparties Transacting to Date
 917 Millions of Barrels Transacted to Date

? Note, the Nymex Chart is for comparison purposes only. The EnronOnline
numbers have been adjusted 10-fold to be in scale with the NYMEX volumes for
charting purposes.


Please print following on letterhead:

Larry Kellner
Chief Financial Officer
(put rest here)

Dear Larry,

Thanks for the opportunity to discuss your risk management needs yesterday.
Continental has been very successful in hedging fuel, and I think we can add
even more value as we explore your basis risks.  I've asked Mark Tawney,
Director of Weather Risk Management, to come up with some ideas possibly
linking weather to fuel, and explore our insurance and tax opportunities.
His organization is the best in the industry, and is doing cutting edge
research.

We didn't have the chance to talk about any V@R analysis needs you have, but
I'd be happy to get our research team involved as we grow our corporate
relationship.  If there is anything else I can do, please call.

It's great to have a the best airline in the country be the local carrier.
Again thanks for your time.

Regards,


not 68, 46.  sorry.

Chris_Germany@enron.com on 01/25/2000 11:08:59 AM
Please respond to Chris_Germany@enron.com

To: Heidi Boyd/CES/ColumbiaGas@COLUMBIAGAS
cc:

Subject: Re: NYSEG - 1/26

I'm forgot, what do you need at Tenn O&R for tomorrow?


Greg, Fitch is reducing credit ratings on the CA utilities, EIX and PCG,
Moody's is considering it. The news wire said PG&E(PCG) is going to be at 6
Billion by the end of December in the whole. More should be available in the
AM. Ben


CALENDAR ENTRY:	APPOINTMENT

Description:
	Julia / Danny Staff Meeting in video room EB49C2

Date:		10/30/2000
Time:		8:15 AM - 9:30 AM (Central Standard Time)

Detailed Description:


----- Forwarded by David M Gagliardi/TTG/HouInd on 05/22/01 11:33 AM -----

"Michael
Gagliardi"           To:     <dgagliardi@reliantenergy.com>,
david_ricks@gsdm.com,
<mikegag@msn.        tony.a.rogers@fritolay.com
com>                 cc:
Subject:     Fw: True Orange E-Mail Fax #51
05/22/01
10:33 AM

----- Original Message -----
From: TruOrange@aol.com
Sent: Monday, May 21, 2001 9:38 PM
To: TruOrange@aol.com; judy.roach@bakerbotts.com
Subject: True Orange E-Mail Fax #51

True Orange Fax/E-Mail Service
Volume 9, Fax/E-Mail #51, Monday, May 21, 2001
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone=
=20
512-795-8536

UT Baseball Team in Regional; Football Recruiting Picking Up Steam

The slumping Longhorn baseball team made the 64-team NCAA Touarnment
field,=20
getting a No. 3 seed in a sub-regional at Stanford.
The Longhorns, 34-24 overall after going 0-2 despite a No. 3 seed in the
Big=
=20
12 Tournament, also got a No. 3 seed in the Palo Alto tourney. The
Longhorns=
=20
will play No. 2 seed Long Beach State (35-21) in a first-round game Friday
=20
at 5 p. m. Texas time (3 p.m. Pacific time) in the double-elimination=20
tournament.
Stanford, the top seed at 42-14, will play No. 4 seed Marisa (32-19) in
the=20
other first round game Friday.
The first-round losers will play an elimination game at 1 p.m. Texas
time=20
Saturday, with the first-round winners meeting at 5 p.m. Texas time. At
that=
=20
point, one team will be 2-0 and will advance to the finals. The other
two=20
surivivors will be 1-1 and will play an elimination game at 9 p.m. Texas
tim=
e=20
Saturday.
The Saturday night survivor will meet the unbeaten team at 3 p.m. Texas
time=
=20
Sunday. If the unbeaten team  wins, the tourney is over. If it loses, the
tw=
o=20
teams will meet again at 7 p.m. Sunday for the title.
The 16 survivors of the sub-regionals will meet in two-team super
regionals=20
June 1-3 at sites to be determined. All of the super regionals will be
best=20
two out of three series.
Suspended pitcher Albert Montes has rejoined the team after missing the
Big=20
12 tourney.
Big 12 champion Nebraska is seeded No. 1 and is hosting a sub regional.
Texa=
s=20
Tech is a No. 3 seed at Cal State Fullerton. Oklahoma State is a No. 3
seed=20
at a sub regional at Tulane. Baylor is a No. 4 seed at Rice, which is
seeded=
=20
No. 1 in its regional.
* * * *
Basketball coach Rick Barnes apparently has no plans to add another
recruit=20
in the wake of junior forward Maurice Evans' surprising decision to hire
an=20
agent, which makes him ineligible to return for his senior year. Evans
had=20
said earlier he was going to make himself available for the NBA draft,
but=20
Barnes and everyone else expected him to return. By hiring an agent, he
made=
=20
that impossible.
Evans is a good college player, but, at 6-5, he is not an accomplished=20
dribbler and there are no 6-5 guys in the NBA who are not accomplished=20
dribblers. I don't know what he will be doing next basketball season, but
I=20
will be shocked if he is playing in the NBA.
* * * *
The Longhorn football coaches have wrapped up four weeks of travel and
talen=
t=20
evaluation, and now they are zeroing in on the top prospects they have
found=
.
There are a lot of kids who already are well known, but four players
really=20
shot to the top of many college lists during the evaluation period. They
are=
=20
CB Michael Hawkins, 6-1, 180, 4.4, and LB-DE Glenn Jackson, 6-2, 220,
4.6,=20
both of Carrollton Turner; OL Tony Ugoh, 6-4, 275, 5.1, of Spring
Westfield,=
=20
and LB-DE Nick Owino, 6-2, 225, 4.6, of Alief Elsik. UT is one of the
many=20
schools in hot pursuit of this talented quartet.
Owino is the lightning quick DE the Longhorns have been searching for
ever=20
since this staff arrived and Jackson is lightning quick, too, and might
wind=
=20
up at DE, too.
I'm not saying they are Tony Brackens, but they have great potential
and=20
could develop into that type of player.
Both head coach Mack Brown and defensive coordinator Carl Reese have
been=20
eager to sign some good speed rushers to play DE, and, after studying tape
o=
f=20
both Owino and Jackson, I think they are just what the Longhorns have
been=20
seeking.
The first Longhorn summer camps will start June 2. Some of the top
recruits=20
who plan to make one of the early June camps are DTs Earl Anderson of
San=20
Marcos and Lyle Sendlein of Scottsdale, Arizona, and  CB Donald Burgs
of=20
Houston Madison. Sendlein and Burgs are both strong Longhorn leans and
might=
=20
commit early. Anderson also likes the Longhorns, but has said he
probably=20
won't commit early.
LB Andy Matakis of Corpus Christi Flour Bluff is an interesting recruit.
He=20
came to Texas as a heralded player from Pennsylvania, but did not have
a=20
great season last year, his first in Texas. But he came from a state
where=20
below-the-waist blocking is not allowed in high school, and it will be=20
interesting to see what he does this year after getting accustomed to
having=
=20
people diving at his knees. He is big and fast at 6-3, 225 and 4.6, and
migh=
t=20
blossom into a big-time prospect.
* * * *
My next e-mail/fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 fax/e-mails  a year
and=20
costs $99 ($79 by E-Mail). The True Orange Newsletter includes  26=20
newsletters and is published weekly during football season and twice
monthly=
=20
during most of the other months. It costs $45. Save by subscribing to
both=20
for $130 (or $110 if you take the faxes via E-Mail  or $99 if you take
the=20
faxes and newsletter  via E-Mail). Send check  to address at the top of
page=
.=20
I also  update my 900 number =E2=80=93 1-900-288-8839 =E2=80=93 frequently
w=
ith recruiting=20
news. My E-Mail address is: truorange@aol.com

Get your FREE download of MSN Explorer at http://explorer.msn.com


Please let me know if you want me to ticket these flights.  We will need to ticket by Friday the latest for you and Theresa.

Thanks,
Heidi

-----Original Message-----
From: JAN SKOOG [mailto:jskoog_vitoltvl@yahoo.com]
Sent: Wednesday, October 10, 2001 3:54 PM
To: DuBose, Heidi
Subject: WHITT - HOUSTON ITIN ONLY/$333.00 NON-REF FARE

                                          AGENT JS/JS BOOKING REF
X7IJGR

                                          WHITT/MARK

  ENRON
  1200 17TH STREET
  SUITE 2750
  DENVER CO 80202
  ATTN:HEIDI DUBOSE

  DATE:  OCT 10 2001

SERVICE               DATE  FROM           TO             DEPART
ARRIVE

CONTINENTAL AIRLINES  15OCT DENVER CO      HOUSTON TX     1130A   249P
CO 34      B          MON   DENVER INTL    G.BUSH INTERCO
                                           TERMINAL C
                            SNACK                         NON STOP
                            RESERVATION CONFIRMED         2:19 DURATION
                  AIRCRAFT: BOEING 737-900
                            SEAT 12D NO SMOKING CONFIRMED WHITT/MARK

CAR                   15OCT AVIS                   HOUSTON TX
                      17OCT CONFIRMATION: 38309785US3 PEXP
                            TELEPHONE: 281-443-5800
                            FULL 4-DOOR CAR AUTOMATIC AIR
                            RATE: USD62.00DY UNL .00MI 3DY BASE RATE
                            186.00 UNL
                            RATE GUARANTEED
                            PICK-UP: BUSH AIRPORT  HOUSTON  TX  77032
                            DROP-OFF: BUSH AIRPORT  HOUSTON  TX  77032

HOTEL                 15OCT HYATT REGENCY HOUSTON
                      17OCT 1200 LOUISIANA STREET
                            HOUSTON, TX 77002
                            UNITED STATES OF AMERICA
                            TELEPHONE: 1-713 6541234
                            FAX: 1-713 9510934
                            CONFIRMATION: 16142633
                            SINGLE ROOM
                            RATE: COR USD 167.00 PER NIGHT
                            CNFD BUSINESS LEVEL INCLUDES BREAKFAST
      *6PM* DAY OF ARRIVAL XCL POLICY AT THE HYATT REGENCY HOUSTON

CONTINENTAL AIRLINES  17OCT HOUSTON TX     DENVER CO      841P    1003P
CO 249     V          WED   G.BUSH INTERCO DENVER INTL
                            TERMINAL C
                                                          NON STOP
                            RESERVATION CONFIRMED         2:22 DURATION
                  AIRCRAFT: BOEING 737-900
                            SEAT 09F NO SMOKING CONFIRMED WHITT/MARK

RESERVATION NUMBER(S)  CO/VYT99F

CO  FREQUENT FLYER COKE779596
NON-REFUNDABLE TKT MINIMUM $100.00 CHANGE FEE
***********************************************
THIS IS A TICKETLESS RESERVATION. PLEASE HAVE A
PICTURE ID AVAILABLE AT THE AIRPORT. THANK YOU
                  THANK YOU FOR CALLING VITOL TRAVEL

=====
VITOL TRAVEL
1100 LOUISIANA STE-3230
HOUSTON TX 77002
713-759-1444 - PHONE
713-759-9006 - FAX

__________________________________________________
Do You Yahoo!?
Make a great connection at Yahoo! Personals.
http://personals.yahoo.com


Gary,

Just wanted to check and see how things were going for you on 44.  Hopefully
you are now in possession of a phone.  If so give me a call, I would really
like to get together for a cup of coffee or just a few minutes to enjoy the
lovely weather outside.

sscott5

- I'm confident Keri and Caroline are well.