Please forward this to all ETS lawyers.  DF

All:  Please take a look at this article.  El Paso's inartful internal
documents are creating the same kind of fun for them that Microsoft had
during the recent antitrust unpleasantness.  I know that we can't control the
way people think about issues such as market behavior, price strategy, etc.
We can, however, remind ourselves and our clients to be very precise and
careful in the way we talk about, and particularly, write about, such
issues.  I'd like each of us and our clients to keep problems like El Paso's
and Microsoft's in mind when we put pen to paper or fingers to keyboard.
Thanks.  df

---------------------- Forwarded by Drew Fossum/ET&S/Enron on 03/27/2001
12:06 PM ---------------------------

Business/Financial Desk; Section A
Deal for Use of Gas Pipeline Stirs Dispute on Competition
By RICHARD A. OPPEL Jr. and LOWELL BERGMAN

03/26/2001
The New York Times
Page 1, Column 4
c. 2001 New York Times Company

Early last year, the El Paso Natural Gas Company took bids from two dozen
companies for the right to ship enough natural gas through its pipeline from
Texas and New Mexico to meet one-sixth of the daily demand of energy-starved
California.
The winner: El Paso's sister company, the El Paso Merchant Energy Company,
which buys, sells and trades natural gas. The bidding was not close. El Paso
Merchant offered twice as much for the capacity as the other companies bid,
in total, for bits and pieces.
Why pay so much more? California officials, who are pressing a complaint
against El Paso at the Federal Energy Regulatory Commission, say the answer
is simple. The state contends that El Paso Merchant, with help from its
sister company, saw the transaction as a way to manipulate the price of
natural gas by using its control of pipeline capacity.
According to sealed documents obtained by The New York Times that are part of
filings in the federal case, executives at El Paso Merchant said internally
that the deal would give them ''more control'' of gas markets, including the
''ability to influence the physical market'' to benefit the company's
financial positions.
El Paso executives called the accusations fanciful, and in a formal response
to California's complaint, said the state ''grossly distorted'' company
documents by quoting words and phrases out of context.
The dispute opens a window on an important debate about oversight of the
natural gas industry, which fuels a growing share of the nation's electric
power plants.
At issue is whether current safeguards do enough to prevent anticompetitive
abuses in the marketing and trading of natural gas, and whether federal
regulators adequately enforce existing rules. In particular, many industry
officials question whether regulated pipeline companies are able to favor
unregulated sister companies that trade natural gas and are free to maximize
profits.
More than 200,000 miles of interstate pipelines crisscross the country,
moving natural gas from Canada, the Southwest and other producing regions to
fuel factories, power utilities and heat houses.
Not long ago, many parts of the country had excess pipeline capacity. But
experts say that several regions, including California, New York and New
England, now face constraints as demand soars for gas to fuel power plants.
In California, state officials and utility executives said the documents in
the federal case, and El Paso's actions, were proof that the state's energy
crisis stemmed not just from an ill-conceived deregulation plan but from
price manipulation and profiteering.
''They are the market maker with this pipeline,'' said Loretta Lynch, the
president of the California Public Utilities Commission, which has struggled
to cope with skyrocketing power prices and supply shortages.
El Paso ''sets the price in California,'' Ms. Lynch said, and what it did was
intentional. ''It has affected the price,'' she said, ''for everything
related to heat and electrical power prices in the state.''
California's complaint to the federal agency contends that El Paso Merchant
''has hoarded capacity and refused to attractively price unused capacity'' on
the pipeline. The state also charges that El Paso Natural Gas, the pipeline's
owner, has had no incentive to spur competition, by offering discounts to
other users, because the two companies are corporate siblings. The state said
that El Paso had violated federal natural gas statutes that prohibit
anticompetitive behavior.
The sealed filings in the El Paso case indicated that the company expected to
make money by widening the ''basis spread'' -- the difference between what
gas can be bought for in producing basins of Texas and New Mexico, at one end
of the pipeline, and its price on delivery to Southern California.
As it turned out, spreads widened enormously over the last year as the price
of gas soared in California, adding to costs for wholesale electricity that
pushed the biggest utilities near bankruptcy. California utilities paid $6.2
billion above competitive prices for wholesale electricity over the last 10
months, state officials estimated. The utilities are not allowed to recoup
the costs from customers. While the cost of 1,000 cubic feet of gas typically
is less than $1 higher at the California end of the pipeline, spot prices in
the state rose to almost $50 more than the Texas-New Mexico price in
December.
To executives of the parent company, the El Paso Corporation, the accusations
of market manipulation are ludicrous.
High gas prices in California, El Paso executives said in interviews, are
easily explained by soaring demand, the poor credit standing of the state's
utilities and the failure of the utilities to retain pipeline capacity or
store enough gas for winter.
''The idea that anybody is holding back on California is really ridiculous,''
said Clark C. Smith, president of El Paso Merchant's operations in North
America.
Some El Paso customers, though, agreed with California officials. The Pacific
Gas & Electric Company, the San Francisco-based utility, condemned El Paso in
a filing with the federal agency after its lawyers reviewed the sealed
company documents.
''It is now very clear from the business records of El Paso Energy
Corporation,'' the utility said in the filing, ''that the business strategy
El Paso Merchant was authorized at the highest corporate levels to pursue
involved manipulation of price spreads.''
The agency has not ruled on California's complaint, which asks that the deal
between El Paso Natural Gas and El Paso Merchant be invalidated. Based on the
agency's history of policing energy providers lightly, many industry
observers predicted that the complaint would be dismissed, perhaps as soon as
the agency's public meeting on Wednesday.
Nonetheless, El Paso Merchant is feeling some pressure. The subsidiary said
recently that it planned to relinquish control of all but about 22 percent of
the capacity on the pipeline to California, rather than exercise an option
that would have allowed it to retain the entire capacity of 1.2 billion cubic
feet of gas a day.
Critics said they believed El Paso made the move in hopes of lessening the
chance of government action. El Paso executives deny that but do say that
their decision was influenced by the backlash over the arrangement.
Surrendering the pipeline capacity made for a ''gut-wrenching'' decision, Mr.
Smith said, but was ''a first-class gesture'' to California. El Paso Merchant
paid $38.5 million to control the pipeline capacity from March 1, 2000, until
May 31, 2001. While Mr. Clark said he did not know the return on that
investment, he acknowledged that it was lucrative.
''No doubt about it,'' Mr. Clark said, ''we made good money.''
The question of whether El Paso's conduct has driven gas prices higher is
expected to be scrutinized by legislators in Sacramento this week. The
company also faces several lawsuits, including one by the city of Los
Angeles, that accuse it of conspiring with other companies to prevent
pipeline projects that could have eased California's energy crisis. El Paso
denied the accusation.
With pipeline capacity and gas supplies tighter, concerns about
anticompetitive behavior have increased as price volatility has created
soaring profits for energy marketers and traders.
Dynegy Inc., a Houston-based energy trader, was once the target of complaints
to federal regulators that it had artificially raised prices by abusing
capacity that it controlled on El Paso's pipeline to California.
In a filing with regulators in January, Dynegy contended that pipeline
companies routinely favored affiliates. ''Abuses abound because of financial
windfalls, difficulty of detection, lengthy investigations and increased
complexity of the market,'' the company said.
''There are some red flags right now,'' said William L. Massey, a member of
the Federal Energy Regulatory Commission since 1993. Mr. Massey said he was
troubled by the potential for abuses when pipeline companies own gas and
power marketing subsidiaries as well as electric plants fueled by natural
gas. El Paso is in all those businesses.
''What the commission ought to be serious about is: What are the forces at
work? Is it simply robust markets responding to true supply-and-demand
signals, or is it a market defined by market power and some measure of
affiliate abuse?'' he said.
Many in the industry do not believe changes are needed.
''There are rules in place today that protect against affiliate abuse,'' said
Stanley Horton, chief executive for gas pipeline operations at the Enron
Corporation and chairman of the Interstate Natural Gas Association of
America, the industry's trade group, referring to the rules under which
California has brought its complaint about El Paso.
To its critics, El Paso epitomizes the competitive concerns. It operates the
nation's largest network of interstate pipelines and owns one of the largest
reserves of natural gas. With its recent acquisition of the Coastal
Corporation, another large pipeline operator, El Paso has a market
capitalization of $32 billion.
At a conference at El Paso headquarters in Houston in February, analysts
heard executives predict net profits of $1.7 billion this year. El Paso's
much better known rival, Enron, with its headquarters a few blocks away, is
expected to earn about $1.4 billion.
El Paso Merchant provides the strongest growth. Two years ago, the unit's
profits, before interest payments and taxes, were $99 million; this year, it
is expected to have $700 million in North America alone. In its latest
quarterly report, El Paso attributed those profits, in part, to ''commodity
market and trading margins'' that were enhanced by ''power price volatility,
particularly in the Western United States.''
Critics contend that El Paso set out to exploit those conditions. According
to the sealed filings, on Feb. 14, 2000, the day before El Paso Merchant was
awarded the pipeline capacity, executives made a presentation to William A.
Wise, chief executive of the parent company, laying out the rationale for the
bid.
The presentation outlined what it termed ''strategic advantages,'' including
''more control of total physical markets'' and the ''ability to influence the
physical market to the benefit of any financial/hedge position,'' according
to the sealed filings. The passages suggested that El Paso expected the deal
to give it sway over the market for trading actual volumes of gas and to
support financial transactions it had entered into with other parties to
limit its risk.
For every one-cent increase in the spread on gas prices, the presentation
said, El Paso Merchant stood to make an additional $2.4 million.
Under the heading ''Challenges,'' according to the sealed filings, the
presentation stated that storage was needed ''to help manipulate physical
spreads, adding to the overall transport/storage cost.''
On April 14, according to the sealed filings, El Paso Merchant's president at
the time, Greg G. Jenkins, wrote a memorandum to Mr. Wise involving an update
for directors meeting later that month. The memorandum stated: ''We will make
money two ways: 1) increase the load factor, 2) widen the basis spread.''
The language appears to suggest that El Paso Merchant would profit by
increasing the gas flow in the pipeline -- the load factor -- while
increasing the difference between what gas could be bought for at one end and
what it could be sold for at the other end -- the basis spread.
In an interview, Mr. Smith, the El Paso Merchant executive, said that the
unit's prices, and profits, on bulk gas sales in California were locked in
months in advance, so that the company could not benefit from rising prices
in the spot market.
Otherwise, Mr. Smith declined to provide any details about money made on the
pipeline deal or about financial terms of the transactions that locked in
prices ahead of time. In addition, Mr. Smith said that nearly all of El Paso
Merchant's pipeline capacity was used every day when prices spiked late last
year, with no capacity withheld to increase prices.
The company did not respond last week to a request to discuss information in
the sealed documents. But El Paso Merchant, in a filing with federal
regulators, said California's complaint had ''misconstrued and incorrectly
interpreted'' what it termed ''snippets of data.''
About This Report
This article and others on California's energy problems are part of a joint
effort with the PBS series ''Frontline'' that will result in a documentary
later this year.

Photo: The El Paso Natural Gas pipeline passes near Topock, Ariz. A dispute
over bidding for its use has spurred a debate about oversight of the
industry. (John Gurzinski for The New York Times)(pg. A17) Chart: ''Boom
Times'' Operating revenue and net income soared last year at the El Paso
Corpor 2/3ation, which sells, transports and trades natural gas. Graphs of
the operating revenue and the net income for the El Paso Corporation.
(Source: Company reports)(pg. A17) Chart: ''A Spike in Prices'' The spot
price for natural gas produced in the Permian Basin of West Texas doubled
last year. But the price that power generators paid when the gas was
delivered to Southern California rose almost 10-fold. State regulators say
the gap is evidence of market manipulation. Graph showing the spot price of
gas delivered to Southern California and the spot price of gas bought in the
Permian Basin, from September to March. (Source: Gas Daily)(pg. A17)

Copyright , 2000 Dow Jones & Company, Inc. All Rights Reserved.


just got it

-----Original Message-----
From: Kay.Mann@enron.com [mailto:Kay.Mann@enron.com]
Sent: Wednesday, December 20, 2000 4:08 PM
To: Keffer, John; Ben.Jacoby@enron.com; Fred.Mitro@enron.com
Subject: Certain revisions to LLC Agreement

I don't believe Ben agreed to absolutely free transferablity on their part.
To ponder.

---------------------- Forwarded by Kay Mann/Corp/Enron on 12/20/2000 04:07
PM ---------------------------

"George Kutzschbach" <gkutzschbach@fulbright.com> on 12/20/2000 04:00:27 PM

To:   Ben.F.Jacoby@enron.com, Kay.Mann@enron.com, CCampbell@KSLAW.com,
JKeffer@KSLAW.com
cc:   DPedigo@INTERGEN.com

Subject:  Certain revisions to LLC Agreement

Attached is a copy of the last draft of the LLC Agreement prepared by
ENA which I have revised to incorporate the changes discussed in your
recent telephone conversation with Doug Pedigo.  In the interest of
time, I have not revised the attached LLC Agreement to reflect the
substitution of Sweetgum for Tejas.

Section 6.1(c)(iii) was revised to reflect Sweetgum's right to freely
assign its LLC interest.  Section 6.2(a) was revised to reflect
Sweetgum's right to exercise the call at any time if it either obtains
or waives the GE consent.  Section 6.2(c) was revised to allow ENA to
exercise its put at any time (i) if it obtains GE's consent in form and
substance satisfactory to Sweetgum in its sole discretion or (ii) after
all GE warranties have expired.

To expedite matters, I am forwarding these changes to you at the same
time I am forwarding them to Doug.
(See attached file: 5wv0y02_.DOC)

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


As you are aware, Enron utilizes temporary staffing services to satisfy
staffing requirements throughout the company.  For the past several months, a
project team, representing Enron,s temporary staffing users, have researched
and evaluated alternative Managed Services programs to determine which source
would best meet our current and future needs in terms of quality, performance
and cost containment objectives.  The Business Unit Implementation Project
Team members are:

Laurie Koenig, Operations Management, EES
Carolyn Vigne, Administration, EE&CC
Linda Martin, Accounting & Accounts Payable, Corporate
Beverly Stephens, Administration, ENA
Norma Hasenjager, Human Resources, ET&S
Peggy McCurley, Administration, Networks
Jane Ellen Weaver, Enron Broadband Services
Paulette Obrecht, Legal, Corporate
George Weber, GSS

In addition, Eric Merten (EBS), Kathy Cook (EE&CC), Carolyn Gilley (ENA),
Larry Dallman (Corp/AP), and Diane Eckels (GSS) were active members of the
Selection Project Team.

As a result of the team,s efforts, we are pleased to announce the beginning
of a strategic alliance with CORESTAFF,s Managed Services Group.  This group
will function as a vendor-neutral management entity overseeing all staffing
vendors in the program scope. They will also provide a web based online
technology tool that will enhance the ordering and reporting capabilities.
The goal of our alliance with CORESTAFF is to make obtaining a temporary
worker with the right skills and experience easier while protecting the best
interests of the organization.

We plan to implement Phase I of this improvement effective January 2, 2001.
This Phase I of the implementation will encompass administrative/clerical
temporary workers at the Houston locations only. If you currently have
administrative/clerical temporary workers in your department, the enhancement
will not affect their position. In an effort to preserve relationships, all
current staffing vendors will be invited to participate in this enhanced
program.  CORESTAFF shares our commitment to minimize any disruptions in
service during this transition.

We expect to incorporate the administrative/clerical workers in Omaha,
Seattle and Portland in Phase II, which is scheduled for February, 2001.  The
scope and timing of any additional phases will be determined after these two
phases have been completed.

Realizing the impact that the temporary workforce has in business today, we
selected CORESTAFF,s Managed Services Group based on their exceptional
management team, commitment to quality service, and creative solutions to our
staffing needs.  The relationship promises to offer Enron a cost effective
and simple means for obtaining temporary employees.

In the coming weeks, Enron and CORESTAFF,s Managed Services Group will be
communicating to Enron,s administrative/clerical temporary staffing vendors
about the new process.

There are many benefits to this new Managed Services program, which are
outlined on the attached page.  More details on how to utilize CORESTAFF,s
Managed Services program will be announced soon and meetings will be
scheduled to demonstrate the reporting system and to meet the Managed
Services team.

What is Managed Services?

CORESTAFF,s Managed Services program includes:

? Vendor-neutral management model
? Equal distribution of staffing orders to all staffing partners
? Web-based application with online ordering, data capture and customized
reporting
? Benchmarking and performance measurement for continuous improvement
? Methodologies for accurate skill-matching and fulfillment efficiencies

Key Benefits

? More vendors working on each order from the outset ) faster access to
available talent pools
? Standardized mark-ups and fees to manage costs more effectively
? Online access to requisition status for users
? Robust databases offering managers enhanced tracking and reporting of
temporary usage and expenditures
? Standard and customized reporting capabilities -- online
? Tenured, experienced Managed Services team on-site to assist users in
accessing web site, identifying usage trends, preparing specialized reports,
etc.

Corestaff/Managed Services/Staffing

Joseph Marsh ) Lead / Operations (josephm@corestaff.com; 713-438-1400)
Amy Binney, Sharon B. Sellers ) Operations
Cherri Carbonara ) Marketing / Communications
Cynthia Duhon )Staffing Partner management


<<enron delta breakdown  12-5.xls>>

> -----Original Message-----
> From:	Hood, Stephen (NY Int)
> Sent:	Tuesday, December 04, 2001 7:42 AM
> To:	'Dutch.Quigley@enron.com'
> Cc:	Timmins, Martin (NY Int)
> Subject:	RE: Enron delta breakdown by month
>
>
>  << File: enron delta breakdown  12-4.xls >>
> 	-----Original Message-----
> 	From:	Hood, Stephen (NY Int)
> 	Sent:	Monday, December 03, 2001 7:43 AM
> 	To:	'Dutch.Quigley@enron.com'
> 	Cc:	Timmins, Martin (NY Int)
> 	Subject:	RE: Enron delta breakdown by month
>
> 			 << File: enron delta breakdown  12-3.xls >>

 - enron delta breakdown  12-5.xls


---------------------- Forwarded by Chris Germany/HOU/ECT on 01/31/2001 08:27
AM ---------------------------

"CustomerNotices, WGPHOU" <WGPHOU.CustomerNotices@Williams.com> on 01/29/2001
03:10:06 PM
To:
cc:
Subject: Transco - FT And IT Rates Effective February 1, 2001

Media Inquiries: Chris Stockton
                 (713) 215-2010
Other Inquiries: Rate Dept. 1-800-248-0404, Option #7January 29, 2001

To:  Transcontinental Gas Pipe Line Corporation Customers and
Shippers

Re:  FT and IT Rates effective February 1, 2001

On January 24, 2001, the Commission issued an order in Docket
Nos. RP97-71-020 and RP97-71-021 which, among other things,
approved the pro forma tariff sheets included with the filing.
The Commission's order also directed Transco to file actual
tariff sheets to be effective February 1, 2001.  Transco intends
to file the revised tariff sheets with the Commission on February
1, 2001.  If accepted as proposed, outlined below for your
convenience are Transco=s Rate Schedule FT and IT rates effective
February 1, 2001.

Summary of Rate Schedule FT Demand Maximum Rates
(Excluding Surcharges)

Demand Rates ($/Dt)
                              Del. Zone

          Zone 1   Zone 2   Zone 3   Zone 4   Zone 5   Zone 6
Rec. Zone

Zone 1    2.1284   2.7625   3.6820   7.0221   9.4933   10.8315
Zone 2    2.7625   2.2262   3.1457   6.4858   8.9570   10.2952
Zone 3    3.6820   3.1457   2.5116   5.8517   8.3229    9.6611
Zone 4    7.0221   6.4858   5.8517   4.9322   7.4034    8.7416
Zone 5    9.4933   8.9570   8.3229   7.4034   4.0633    5.4015
Zone 6   10.8315  10.2952   9.6611   8.7416   5.4015    2.9303

Zone 4A (Mobile Bay) Demand Rate   $2.4072

Commodity Rates (cents/Dt)
                              Del. Zone

          Zone 1   Zone 2   Zone 3   Zone 4   Zone 5   Zone 6
Rec. Zone

Zone 1    0.24     0.50     0.75     1.86     2.74     3.20
Zone 2    0.50     0.30     0.55     1.66     2.54     3.00
Zone 3    0.75     0.55     0.29     1.40     2.28     2.74
Zone 4    1.86     1.66     1.40     1.15     2.03     2.49
Zone 5    2.74     2.54     2.28     2.03     0.92     1.38
Zone 6    3.20     3.00     2.74     2.49     1.38     0.50

Zone 4A (Mobile Bay) Commodity Rate   0.34

Summary of Rate Schedule IT Commodity Maximum Rates
(Excluding Surcharges)

Commodity Rates (cents/Dt)
Del. Zone

          Zone 1   Zone 2   Zone 3   Zone 4   Zone 5   Zone 6
Rec. Zone

Zone 1    06.37    08.72    12.00    24.10    33.10    37.96
Zone 2    08.72    06.76    10.04    22.14    31.14    36.00
Zone 3    12.00    10.04    07.69    19.79    28.79    33.65
Zone 4    24.10    22.14    19.79    16.51    25.51    30.37
Zone 5    33.10    31.14    28.79    25.51    13.41    18.27
Zone 6    37.96    36.00    33.65    30.37    18.27    09.27

Zone 4A (Mobile Bay) Commodity Rate   7.39

For additional information please contact your Customer Service
Representative or Rate Department Representative.

Charlotte Hutson
Manager - Rate Department
(713)215-4060

--------------------------ADDITIONAL X12 INFORMATION------------------------
Trans. Svc. Provider: 007933021 - TRANSCONTINENTAL GAS PIPE LINE CORPORATION
   Notice Identifier: L0101291
     Critical Notice: No
      Type of Notice: 6-Other
   Required Response: 5-No Response Required
   Resp By Date/Time: N/A
Notice Eff Date/Time: 01/29/01 15:05:40
Notice End Date/Time: N/A
              Status: 1-Initiate
 Prior Notice Ident.: N/A

 - C.DTF


Greetings Jeff,
Your final arrived safely.
Best regards,
Salvador

--
Salvador D. Aceves
Assistant Professor, Accounting
Director, Executive Education
School of Business and Management
University of San Francisco
2130 Fulton Street
San Francisco, CA  94117
Tel (415) 422-6263 fax (415) 422-2502
e-mail: acevess@usfca.edu

>
> Professor Aceves:
>
> Could you let me know that you received the final exam files that I sent
> last nite?  I'll sleep easier knowing that you've received them and that
> they're not floating around somewhere in cyberspace.  Thanks very much.
>
> Best,
> Jeff
>


Chris--Attached is an updated daily requirements file with lower deliveries
for
3/23, 3/24 and 3/25 into DP&L off Texas Gas.   The reduction for 3/23 is 160
dth below the volume that we requested yesterday prior to the 11am deadline.

Doug Kinney
Ph:  703-561-6339
Fax:  703-561-7317

 - 03-23-00 daily volsAM_rev.xls


According to the contract brief I received, the 2.175 is a 1999 price.  I
believe my pricing is correct.  Bob or Darren may be able your questions
better.

Dave

	Enron North America Corp.

	From:  Megan Parker @ ENRON                           11/21/2000 03:27 PM

To: David Baumbach/HOU/ECT@ECT
cc:
Subject: Apache deal 384247 10/00

I got an invoice for the gas we bought from Apache for Tenaska IV and they
have a different price.  For deal 384247, we have a price of 2.285 and a
demand fee of 0.457 for 25,000/day.  Apache is billing us at 2.175 with no
demand charge.  Can you verify this price for me and let me know which is
correct?

Thanks,
Megan


CSC is Computer Science Corp.
Joel's number is x57723.
---------------------- Forwarded by Mark Taylor/HOU/ECT on 12/16/99 09:18 AM
---------------------------

Joel Ephross@ENRON
12/15/99 06:44 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Project Raven -- lastest diagram and draft Amendment docs

---------------------- Forwarded by Joel Ephross/Corp/Enron on 12/15/99 06:41
PM ---------------------------

Scott Donaldson@EES
12/15/99 10:07 AM
To: Joel Ephross/Corp/Enron@Enron
cc:

Subject: Project Raven -- lastest diagram and draft Amendment docs

Joel --  attached below is the latest deal diagram which is our understanding
of the structure after discussions with David Barber last night.   Also
attached are the latest drafts of the Amendments.

Call if you want to discuss before our 2:00 o'clock meeting.  We intend to
meet with Barclays later this morning.

Scott  (3-7661x)
pager 888-634-9850

	Enron Energy Services

	From:  Jimmie Williams                           12/10/99 03:02 PM
	Phone No: (713) 853-4278

To: Scott Donaldson/HOU/EES@EES
cc:
Subject: Re: CSC Amendment

I should have the amendment completed by end of next week.  I had a
conversation with Mike Beebe, President CSC Energy Services, earlier today,
and the only issue they have with the attached amendment (I am forwarding you
the amendments under separate cover) is the changes to the termination on a
change of control by CSC.  I don't think there will be any additional room
for further changes, but we have incorporated the majority of changes
requested by the monetization team.

Call me with questions/concerns.

Jimmie

Scott Donaldson
12/10/99 02:52 PM
To: Jimmie Williams/HOU/EES@EES
cc: Larry Derrett/HOU/EES@EES, Robert Callan/HOU/EES@EES, David
Dye/HOU/EES@EES
Subject: CSC Amendment

Jimmie -- we are proceeding with the securitization.  Wanted to get an update
on the Amendment.

(1) How far along are you with CSC?  Has CSC signed-off on the draft ?
(2) Will the Amendment be executed by year-end?
(3) Is it likely that the termination payment amount (for the Premium Payment
tranche) stay as it is currently drafted?
(4) Do we or the banks have any room to suggest changes?

Please let us know how we can help.   Thanks.....Scott  (3-7661)

---------------------- Forwarded by Scott Donaldson/HOU/EES on 12/13/99 06:56
AM ---------------------------

	Enron Energy Services

	From:  Jimmie Williams                           12/10/99 03:04 PM
	Phone No: (713) 853-4278

To: Scott Donaldson/HOU/EES@EES, Larry Derrett/HOU/EES@EES
cc:
Subject: Second Amendment to Stock Purchase Agt - 11/8/99.DOC

Amendment to Stock purchase agreement.

Jimmie
---------------------- Forwarded by Jimmie Williams/HOU/EES on 12/10/99 03:03
PM ---------------------------

"Fenelon, Ken" <kfenelon@velaw.com> on 12/06/99 01:55:23 PM

To:	"'mbeebe@csc.com'" <mbeebe@csc.com>
cc:	Deborah Culver/HOU/EES@EES, Jimmie Williams/HOU/EES@EES, "Boeckman, Jim"
<jboeckman@velaw.com>

Subject:	Second Amendment to Stock Purchase Agt - 11/8/99.DOC

 <<99.DOC>> At the request of Deborah Culver and Jimmie Williams I am
sending you a draft of the Second Amendment to Stock Purchase Agreement.

 - 99.DOC

---------------------- Forwarded by Scott Donaldson/HOU/EES on 12/13/99 06:56
AM ---------------------------

	Enron Energy Services

	From:  Jimmie Williams                           12/10/99 03:04 PM
	Phone No: (713) 853-4278

To: Scott Donaldson/HOU/EES@EES, Larry Derrett/HOU/EES@EES
cc:
Subject: Amendment No. 1 to Services Agreement

Amendment to Services Agreement.

Jimmie
---------------------- Forwarded by Jimmie Williams/HOU/EES on 12/10/99 03:04
PM ---------------------------

"Boeckman, Jim" <jboeckman@velaw.com> on 12/01/99 01:39:07 PM

To:	"'Beebe, Mike (CSC)'" <mbeebe@csc.com>
cc:	Jimmie Williams/HOU/EES@EES, dculver@ees

Subject:	Amendment No. 1 to Services Agreement

At Deborah Culver and Jimmie Williams' request, I am forwarding to you the
attached draft of Amendment No. 1 to the Services Agreement between EESO and
CSC.  Also attached is a version marked to show changes against the original
text from the Services Agreement.

Please contact me if you would like me to forward the attached to your
counsel.

Regards,
Jim Boeckman

 - CSC Amendment No. 1- redlined vs. original.DOC
 - CSC Amendment No. 1.DOC

---------------------- Forwarded by Scott Donaldson/HOU/EES on 12/13/99 06:56
AM ---------------------------

George.McKean@barclayscapital.com on 12/13/99 02:54:08 AM

To:	Scott Donaldson/HOU/EES@EES, Larry Derrett/HOU/EES@EES
cc:	Derek.Rozycki@barclayscapital.com

Subject:	Raven - Questions/Clarifications

 <<Questions 1.doc>>
I will call to discuss

George

------------------------------------------------------------------------------
--------
For more information about Barclays Capital, please
visit our web site at http://www.barcap.com.

Internet communications are not secure and therefore the Barclays Group
does not accept legal responsibility for the contents of this message.
Any views or opinions presented are solely those of the author and do
not necessarily represent those of the Barclays Group unless otherwise
specifically stated.

------------------------------------------------------------------------------
--------
 - Questions 1.doc


We conducted a conference call with Lincoln today and they advised they are
no longer interested in working with Enron on the LM-6000 opportunity that
had been under consideration.  The main reasons given was that there was
extreme existance in the organization.  Lincoln said they would need an
annual payment of $90 to $100 per kw/yr to do the deal which they feel is
extremely out of the market and Enron would not transact.  At this level, we
would be break-even at best, even with the OPPD work-out value and the gas
deal.

Lincoln is currently developing a peaking project using ABB units that must
be in operation 6/01.  All of their resources are dedicated to this project.
Their plan is to install LM-6000's for a 11/1/03 start date and they are not
prepared to deal with an acceleration of the project.  The feel that working
with Enron at this time only complicates their workload.

Lincoln did say they were interested in working with us on a gas supply and
pipeline transaction as the site for development is 6 miles from Northern
Natural Gas.

I will begin this evaluation and consider the possibility of selling two
LM-6000's bundled with the supply and infrastructure deal.

Oscar


John,

I am forwarding to you the request by Jens.  We gave in the past
our forward oil curves (with approval of Greg Whalley) to some academics.
What is your position on this request?

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
04:29 PM ---------------------------

Jens Gobel@ENRON
10/26/2000 12:06 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Forward oil prices

Vince,

As discussed on the phone, I am sending you the request that I have received
from Prof. Buehler. Prof. Buehler is the
head of the faculty of finance at Mannheim University in Germany. Currently,
he is writing a study about the hedging
strategy that led to the Metallgesellschaft debacle. For this study he would
like to get forward oil prices form us.

The forward oil prices should be for WTI with Cushing as the delivery point
for the time period July 1986 and December 1996
with remaining contract durations between one and ten years. It would be
ideal to get this data on a daily basis. Weekly
or monthly data is helpful as well, of course.

Since Mannheim University is among Enron's tier one recruiting universities
in Germany, it would be great if we could help
him with some data. Thanks a lot for your help.

Jens

o.korn@uni-mannheim.de on 10/10/2000 11:44:57 AM
To: Jens.Gobel@enron.com
cc:

Subject: Daten

Sehr geehrter Herr Goebel,

bezugnehmend auf Ihr heutiges Telefongespraech mit Herrn Prof.
Buehler hat mich Prof. Buehler gebeten, Ihnen genauer
darzustellen, welche Daten idealerweise fuer unsere Studie
benoetigt wuerden.

Zunaechst zum Hintergrund. Wir sind auf ENRON gestossen, weil
Eduardo Schwartz in einer seiner Arbeiten die folgende Datenquelle
angibt:

" In addition to the publicly available futures data described above,
for the purpose of this study Enron Capital and Trade Resources
made available some proprietary historical forward price curves
from 1/15/93 to 5/16/96. From these data ten forward prices were
used in estimation, ranging in maturities from two months to nine
years"

Dies laesst uns annehmen, dass Enron bestimmte Daten
verfuegbar hat.

Nun zum idealen Datensatz:

Forwardoelpreise (am besten WTI mit Lieferung in Cushing) fuer
Restlaufzeiten zwischen einem und zehn Jahren fuer den Zeitraum
Juli 1986 bis Dezember 1996. Dabei waere eine hohe
Datenfrequenz ideal (taeglich, ansonsten woechentlich oder
monatlich). Zusaetzlich waeren auch Spotpreise fuer WTI mit
Lieferung in Cushing nuetzlich.

Diese idealen Datenanforderungen werden sich vermutlich nicht
erfuellen lassen. Jedoch waere uns auch schon geholfen, wenn ein
kuerzerer Zeitraum oder eine niedrigere Datenfrequenz vorlaege.

Wir waernen Ihnen sehr dankbar, wenn Sie in Erfahrung bringen
koennten, inwiefern solche Daten von Enron zu erhalten sind.

Herzlichen Dank fuer Ihre Muehe und beste Gruesse

Olaf Korn

p.s. Bei Rueckfragen stehe ich Ihnen jederzeit gern zur Verfuegung

__________________________________________________________
Dr. Olaf Korn
University of Mannheim
Chair of Finance
D-68131 Mannheim
Germany
Tel.: ++49/621/181-1487
Fax.: ++49/621/181-1519
e-mail: o.korn@uni-mannheim.de


---------------------- Forwarded by Phillip M Love/HOU/ECT on 07/14/2000
02:02 PM ---------------------------

Jim Little
07/14/2000 02:04 PM
To: Cathy Sprowls/HOU/ECT@ECT, Phillip M Love/HOU/ECT@ECT
cc:
Subject: Re: 05/00 Central Synthetic Storage

I looked into these deal and I have good reason to believe they should have
been flashed by economics under CPR PIPELINE EXCHANGE.  They will fall out as
a lone liquidation on the COMPARE REPORT, but only because CPR PIPELINE
EXCHANGE, while flashed on the desk is not included in the CPR detail for the
COMPARE REPORT.  They should be offset by the flashed detail or they should
be put into the economics section as an adjustment to the desk.

	From:  Cathy Sprowls                           07/14/2000 11:02 AM

To: Jim Little/HOU/ECT@ECT
cc:
Subject: 05/00 Central Synthetic Storage

Jim

I've identified the following deals that I believe are synthetic storage that
I will assign to Gas Accounting as reclasses to future months.  Please let me
know if you disagree:

Panhandle Eastern NG9695.3 1,479,927.04 looks like turnaround on leg 1 in
08/2000

Northern Natural Gas NG4225.3 59,250.00 looks like turnaround on leg 1 in
07/2000
Northern Natural Gas NG6882.3 29,625.00 looks like turnaround on leg 1 in
07/2000
Northern Natural Gas NH0933.3 177,749.98 looks like turnaround on leg 1 in
09/2000
Northern Natural Gas  NH7769.3 53,016.90 looks like turnaround on leg1 in
07/2000
Northern Natural Gas NI2881.3 29,625.00 turnaround leg 1 07/2000
Northern Natural Gas NI9625.3 88,874.99 turnaround leg 1 07/2000
Northern Natural Gas NJ1525.3 29,625.00 turnaround leg 1 07/2000
Northern Natural Gas NJ6166.3 29,625.00 turnaround leg 1 06/2000

Thanks for your help.

Cathy


Todd,

This should be the latest and greatest.  Great talking to you today.  Glad to
hear
everything's going great in LA.

Kevin

conway77@earthlink.net


you are in big trouble


Clearly, there are still some really crazy ideas floating around out there.
----- Forwarded by Jeff Dasovich/NA/Enron on 05/23/2001 03:02 PM -----

	Kristin Walsh/ENRON@enronXgate
	05/23/2001 02:57 PM

		 To: John J Lavorato/ENRON@enronXgate, Louise Kitchen/HOU/ECT@ECT
		 cc: Christopher F Calger/ENRON@enronXgate, Phillip K Allen/ENRON@enronXgate,
Tim Belden/ENRON@enronXgate, Jeff Dasovich/NA/Enron@Enron, Chris
Gaskill/ENRON@enronXgate, Mike Grigsby/ENRON@enronXgate, Tim
Heizenrader/ENRON@enronXgate, Vince J Kaminski/ENRON@enronXgate, Steven J
Kean/NA/Enron@Enron, Rob Milnthorp/CAL/ECT@ECT, Kevin M Presto/HOU/ECT@ECT,
Claudio Ribeiro/ENRON@enronXgate, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Mark Tawney/ENRON@enronXgate, Scott
Tholan/ENRON@enronXgate, Britt Whitman/ENRON@enronXgate, Lloyd
Will/ENRON@enronXgate
		 Subject: California Update #2, 5/23/01

Republican Plan B
A source reports the following regarding the Republican Plan B proposal:
? Encourage direct access for consumers.  (The problem with this, however, is
that these direct access deals would not have a dedicated rate component, and
too many might undermine the cash flow and credit worthiness of the bonds.)
? The Republicans will "suggest" that generators take a 30% haircut.  "We
think this is doable."
? The Republicans strongly oppose purchasing the transmission assets.
? Restore the invetor-owned utility model for generation.  They would
establish a dedicated rate component for construction of native generation by
the utilities.  They would grant ratepayers equity interest in these plants.
? Resolve the QFs' financial issues.

Assemblyman Cox commented afterward that the Republcans have been trying to
work on a bilateral basis with the Democrats on these issues, but they feel
"frozen out."  Moreover, he senses the Democrats moving back toward having an
option to purchase SoCal's transmission assets, which the Republicans oppose.

Democratic Plan B
A source reports the following regarding the Democratic Plan B:
? The Democrats are formulating a Plan B that incorporates the Governor's
MOU, the Nation Plan B and other ideas that they have.  This plan reportedly
has not yet been introduced into the legislature yet because it is still
being finalized and the Democrats are not certain that it will work.
Specifically, the option to purchase SoCal's transmission assets is
reportedly still being debated.  Some Democrats reportedly believe that this
may be unnecessary.
? The details of the plan are reportedly as follows:
- Set aside the $3.1 bilion undercollect in a separate account funded by a
dedicated rate  component.
- The generators can either get a check instantly from the bonds for 70% of
their  claim or they can try to get up to 100% of their claim adjudicated
through a  dispute.
- This plan could be used as a template for going to the bankruptcy judge to
strike a deal  for PG&E.
? Sources indicate that the Democrats are developing a post-petition plan in
cast SoCal files for bankruptcy, including the following:
- The state would buy both utilities out of bankruptcy.  It then would sell
of pieces of  the utilities to various private-sector buyers, but with a
lifetime stipulation on  how they will be run.
- Some Democrats reportedly believe the state could do this with as little as
$5 billion if  it assumed the utilities' debt and got a cram-down by the
bankrutpcy judge to quell  the protests against such a plan that would very
likely erupt.  Democrats reportedly  believe that the Judge Montali would
support this idea.


Chris,

Here is one of the contacts for Tenn z6
---------------------- Forwarded by Brian Perrone/CES/ColumbiaGas on
01/28/2000
04:18 PM ---------------------------

Donna Jones
01/27/2000 01:39 PM

To: Brian Perrone/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Re: 1/27 AGT volumes

Ken Ziober at Duke (713-260-8582) may be able to sell us firm on TGP.

Brian Perrone
01/26/2000 12:35 PM

To: Marianne Stiles/CES/ColumbiaGas@ColumbiaGas
cc: Donna Jones/CES/ColumbiaGas@ColumbiaGas
Subject: Re: 1/27 AGT volumes

Donna,

Please let me know if you hear of any capacity available for Feb-00 on Tenn
Z6.  If possible, we want to try to buy capacity or delivered gas past our
furthest delivery point on Tenn so you can back-haul your needs.

Brian

Marianne Stiles
01/26/2000 12:31 PM

To: Donna Jones/CES/ColumbiaGas@ColumbiaGas
cc: Brian Perrone/CES/ColumbiaGas@ColumbiaGas
Subject: 1/27 AGT volumes

Just got off of the phone with Enron.   Due to the meter bounce that they are
doing because of the restriction, there will be a  reduction @ the gate (meter
#52) of 370 dth.   Donna, you originally requested 2050 dth, it will now be
1680 dth.   I have been told that you should see the entire 1680 dth.
Unfortunately, you will have to redo your Boston noms.

Here is the file

 - agt012000.xls


FYI.  My understanding is we are not going to be active in the proceeding.
PHC is on 11/17.  We may just want to list as an interested party so we
know what is going on in the case.
---------------------- Forwarded by Mona L Petrochko/NA/Enron on 11/08/2000
11:19 AM ---------------------------

"Daniel Douglass" <Douglass@ArterHadden.com> on 11/07/2000 08:06:04 PM

To:   <JBarthrop@electric.com>, <MNelson@electric.com>,
      <RSchlanert@electric.com>, <mpetroch@enron.com>,
      <susan_j_mara@enron.com>, <bchen@newenergy.com>,
      <kmagruder@newpower.com>, <peter_bray@newpower.com>,
      <Jeff.Hanson@phaser.com>, <AWeller@sel.com>, <anchau@shellus.com>,
      <ben.reyes@utility.com>
cc:

Subject:  BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA

Attached is an ALJ ruling issued today in connection with the OII into
interruptible programs.

Dan
(See attached file: CPUC01-#83220-v1-R0010002_Lynch_Ruling_.doc)

 - CPUC01-#83220-v1-R0010002_Lynch_Ruling_.doc


http://espn.go.com/ncf/s/mumme.html

you can use this in your next retort to hoskins

check out the paragraph third from the bottom


----- Forwarded by Steven J Kean/NA/Enron on 01/13/2001 09:05 AM -----

	Roger Yang@EES
	01/12/2001 07:24 PM

		 To: Stephen Swain/PDX/ECT@ECT@ENRON
		 cc: James D Steffes/NA/Enron@ENRON, Steven J Kean/NA/Enron@Enron, Richard
Shapiro/NA/Enron@Enron, Mark Palmer/Corp/Enron@ENRON, Michael
Tribolet/Corp/Enron@Enron, Harry Kingerski/NA/Enron@Enron, Jeff
Dasovich/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Joe
Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Linda
Robertson/NA/Enron@ENRON, Alan Comnes/PDX/ECT@ECT@ENRON, Mary
Hain/HOU/ECT@ECT@ENRON, Paul Kaufman/PDX/ECT@ECT@ENRON, Sandra
McCubbin/NA/Enron@Enron, Scott Stoness/HOU/EES@EES, Robert
Badeer/HOU/ECT@ECT@ENRON, Tim Belden/HOU/ECT@ECT@ENRON, Travis
McCullough/HOU/ECT@ECT@ENRON, Andre
Cangucu/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT@ENRON, Shelia
Benke/Corp/Enron@Enron, Vicki Sharp/HOU/EES@EES, Wanda Curry/HOU/EES@EES, Don
Black/HOU/EES@EES, Gordon Savage/HOU/EES@EES, Donna Fulton/Corp/Enron@ENRON,
William S Bradford/HOU/ECT@ECT@ENRON
		 Subject: Re: Financial Analysis of PG&E and Proposed Terms for Settlement

The underlying assumptions for the resources are that they return to some
business as usual amortization of these assets (a 20 to 30 year amortization)
assuming that none of the generating assets are uneconomic.  Further, it
assumes non-revenue earning regulatory assets (other than the TRA
undercollections) are amortized over the next 5 years.

Roger


Steve:
Thanks.  I'll drop one off this weekend.
Carol


Please put it on my calendar so I won't forget.   thanks ckm


http://www.consultrci.com

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===============================================================
SCIENTECH IssueAlert, November 3, 2000
AEP Restructures, Moves Away from Distribution Focus
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Earlier this week, AEP announced its plans to restructure into two companies
to support a new focus on power generation, marketing and trading. "Our
focus for moving forward, plain and simple, will be the wholesale business*
generation
and related energy assets, wholesale marketing and trading," said Dr. Linn
Draper, AEP's CEO. Draper added that AEP has no plans to expand its utility
distribution operations in the United States and overseas.

ANALYSIS: First, let's be clear about what AEP is doing. Under the
restructuring,
one corporation will hold AEP's utility and non-utility subsidiaries whose
revenues are derived from competitive (unregulated) business ventures.
The second corporation will hold AEP's utility subsidiaries (primarily
T&D subsidiaries) that are subject to regulation by at least one state
regulatory commission, or foreign subsidiaries subject to rates or tariffs
regulation.

This announcement represents a 180-degree turn from what AEP has previously
espoused as its competitive strategy, both during and after the recent
completion of its merger with CSW. It's not so surprising that AEP would
want to focus on generating, marketing and trading, or separate its high-risk
and low-risk operations into two companies. What's most surprising about
this restructuring is AEP's move away from the T&D side of its business,
since up until a few weeks ago distribution remained a key part of AEP's
core business strategy.

For instance, when the merger with CSW was completed in June, Draper said,
"AEP's post-merger strategy consists of three key elements: wholesale,
energy delivery and retail. The two that will be most important for us
initially are the wholesale and energy delivery businesses." This made
sense because, as a combined company, the new AEP owns more than 38,000
miles of transmission lines and 186,000 miles of distribution lines. As
recently as October, this remained AEP's strategy. Draper told me in an
exclusive interview, "At least for the foreseeable future, being in the
distribution business is a good idea. We're not going to make a fortune
at it [because rates are continually going to be regulated by state
commissions],
but AEP is going to be in the wires business." If anything, Draper questioned
whether or not AEP would remain in the retail business, as he was unsure
that AEP was "skilled enough" to succeed in this end of the business.

Thus, this seemingly sudden decision to put no further emphasis on expanding
the T&D operation is rather surprising. We can speculate about the various
reasons why AEP would be changing its path. For starters, unquestionably
AEP's wholesale generation and trading business has grown considerably
over the last two years. According to figures released this week in AEP's
Fact Book 2000 (presented at the EEI Financial Conference earlier this
week), the company's trading volumes continue to increase (2Q 2000 reflects
103.7 million/MWh, compared to 78.5 million/MWh in 2Q 1999). (Third-quarter
figures were not yet available). Regarding gross profits, for the first
six months of 2000, trading contributed $112 million, while wholesale
marketing
contributed $138 million. On the other hand, the regulated T&D business
currently is characterized by both slow growth and a low rate of return.
Thus, it would make little sense for AEP to continue to expand this part
of its business, as further expansion would bring little value to its
shareholders.

This theory may be supported by the fact that Draper clearly stated the
restructuring is "focused on obtaining higher profit margins in the
unregulated
wholesale energy markets." I confirmed this with a quick call to AEP yesterday
afternoon. I was told by my contact there that from this point "any
discretionary
cash is going into the wholesale side." By splitting the company's operations
in two, undivided attention can now be placed on growing the unregulated
side of the business, where AEP's sees the most growth for its operation.

For the most part, separating its business into two companies*essentially
one regulated and other unregulated*appears to be a smart move for AEP
as the two business offer strikingly different risk portfolios. The
restructuring
is part of a growing trend among companies that have scale on both the
generation and T&D sides, and realize these two very different operations
attract a different kind of investor. Just recently, Reliant Energy announced
that it is initiating a similar restructuring, separating into two publicly
traded companies (one regulated and one unregulated). Reliant's decision
was motivated in part because of Texas' mandate that utilities in the state
must construct firewalls between their operating companies. In other words,
Texas utilities must have separate companies*with separate financial records*
for
energy services, distribution, generation, etc. Yet, beyond the mandate,
it is a smart move for Reliant because it can now attract two different
sets of investors*one attracted to high-risk ventures and the other averse
to them. In addition, high-risk ventures such as power generation, marketing
and trading, telecom, etc., will not have a negative impact on the unregulated
company's stock value. The same logic applies to the restructuring that
AEP has announced. Other companies that recently have spun off high-risk
subsidiaries into separate companies are Southern Company (Southern Energy)
and Xcel Energy (NRG Energy, Inc).

One difference between these examples and AEP is that AEP has not confirmed
that its two companies will become two stand-alone, publicly traded companies.
Draper has said that the company is reserving that decision until the end
of next year, the time at which he believes the restructuring will have
received all the necessary regulatory approvals (considering how long the
AEP/CSW merger took to complete, the restructuring could take longer than
a year). Draper did allude to the fact that AEP has "a number of options
to consider." This statement may or may not support speculation that the
company is planning an imminent acquisition, one that might dramatically
expand its generation portfolio and further support its trading and wholesale
marketing efforts. In addition, I think it's valid to speculate that AEP
might eventually divest itself of the T&D business altogether. Certainly,
the restructuring does not place this end of the company's business very
high on the totem pole, as it was only a few months ago.

Another question that probably cannot be answered at this point is whether
or not AEP, as a holding company, will remain under regulation from the
Public Utilities Holding Company Act of 1935 (PUHCA). After the restructuring
has been completed, AEP will have several options. It could operate as
it is now, that is with a holding company structure under which the two
stand-alone corporations would be held. Or it could issue two IPOs for
the two companies. Assuming that after the restructuring has been completed
AEP decides to issue IPOs for both its unregulated and regulated companies,
thereby eliminating a holding company entity, it is questionable whether
or not AEP would still be bound by PUHCA restrictions. This could be an
important part of AEP's strategy regarding the restructuring. As AEP continues
to compete in deregulated markets, it faces an array of restrictions under
PUHCA that, for example, Enron does not face as it is not a registered
holding company. Disengaging itself from PUHCA restrictions (assuming that
PUHCA has not been repealed by that point) would certainly offer AEP a
new level of competitive agility. However, perhaps most interesting of
all will be what AEP decides to do with its T&D business, which represents
approximately 5 million customers that are connected to AEP's transmission
system. Certainly, once this regulated business is fully separated from
the deregulated businesses, AEP will be able to do a more accurate
cost/benefit
analysis and determine if it wants to remain in the T&D business at all.

===============================================================
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Will McNamara
Director, Electric Industry Analysis
wmcnamara@scientech.com
===============================================================
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SCIENTECH's IssueAlerts are compiled based on independent analysis by
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Daren,

Please see the Volume and Action Needed columns below:  50,158 mm has not
been entered in Sitara or Path Manager because deal tickets are needed.

Bob

---------------------- Forwarded by Robert Cotten/HOU/ECT on 06/27/2000 09:01
AM ---------------------------

	Enron North America Corp.

	From:  Robert Cotten                           06/26/2000 09:02 AM

To: O'Neal D Winfree/HOU/ECT@ECT, Vance L Taylor/HOU/ECT@ECT
cc:
Subject: July Noms

O'Neal/Vance,

The following deals appear to have expired 6/30/00:

Counterparty  Sitara Deal No.  Volume  Action Needed

Camoil   138822   161   Pathed 6/27
Cody Texas  305549   2,800   Deal Ticket
EEX Corp.  278748   14,213   " "
EEX Corp.  278770   1,710   Pathed 6/27
Engage Energy  278784   70   Deal Ticket
   278806   117   " "
   278821   657   " "
   278834   1,096   " "
Goldston  225006   30,055   " "
Hydrocarbon Lease 281540   1,000   " "
Petromac  138536   45   Pathed 6/26
Setex   132845   76   Deal Ticket
   138601   53   " "
Swift Energy  279778   21   " "
TexLan   138848   166   Pathed 6/27

I will need either new deal ticket(s) or roll the current ones in Sitara.
Please advise.  Thanks.

Bob


----- Forwarded by Tana Jones/HOU/ECT on 02/23/2001 09:11 AM -----

	"Vinh Nguyen" <vnguyen@greenash.com>
	02/22/2001 10:28 PM
	Please respond to vnguyen

		 To: <Tana.Jones@enron.com>
		 cc:
		 Subject: RE: NDA - GreenAsh Corporation

Thanks. I will review it over the weekend.

Vinh Nguyen
GreenAsh Corporation
www.greenash.com
281-989-9823

-----Original Message-----
From: Tana.Jones@enron.com [mailto:Tana.Jones@enron.com]
Sent: Thursday, February 22, 2001 4:14 PM
To: vnguyen@greenash.com
Cc: Paul.Finken@enron.com; Mark.Greenberg@enron.com
Subject: NDA - GreenAsh Corporation

At the request of Paul Finken, I am attaching our proposed form of
Non-Disclosure Agreement.   If the enclosed meets with your approval,
please execute the agreement and return it to me via fax no. (713)
646-3490.  I will then have it executed by an officer of Enron.  If you
have any comments or questions please do not hesitate to call me at (713)
853-3399, or Mark Greenberg, Senior Counsel, at (713) 345-8897.  We look
forward to hearing from you.

(See attached file: greenash.doc)


Mark,

Can one of the paralegals in your group resume sending out the executed list
of masters on a monthly basis?  I think Susan Flynn had been doing this in
the past.  Considering the rapid pace at which we are executing documents, it
would be very helpful for us if we could resume distribution.  Thanks!


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Lynn,

Can you please check into BP Canada injecting more than their FDD contract quantity.  What can be done now.  What processes do we need to put in place to prevent that from happening in the future?

Thanks,

Sue

 -----Original Message-----
From: 	Thomas, Steve
Sent:	Wednesday, December 19, 2001 3:44 PM
To:	Susan M Neville@Enron; Michael Bodnar@Enron; Raetta Zadow@Enron; Bowers, Janet; Wilkinson, Chuck; Brennan, Lorna; Penkava, Loren; Dushinske, John; Sebesta, Chris; Pavlou, Larry; Bollinger, Joni; Lagerstrom, Karen; Stevens, Bob; Semin, Frank; Williams, Jo; Lantefield, Laura; Barry, Mike; Fowler, Bill; Berg, Vicki; Pritchard, John; Fiscus, John; Johanson, Tim; Oldenhuis, Frank; Williams, John; Paladino, Ranelle
Cc:	Kent Miller@Enron; Kay Threet@Enron; Steele, Patricia; Trevino, Linda; Darveaux, Mary; Neubauer, Dave; Brostad, Karen; Carter, Zuela; Bolks, Sean; Kirk, Steve; Cabrera, Reyna; Gottsponer, Morgan; Thomas, Steve; Roobaert, Preston; Cohrs, Allen
Subject:	FDD Status for Dec 19th, 2001

Attached is the latest FDD status report as of December 19th.

Tabs showing FDD activity for this time period for the last three years is also included.

The GIP contracts should be at 89.90% to be on target to get to the max allowable contract quantity for the end of December.  The max target amount for GIP accounts by the end of December is 83.5%.  The average remaining balance for all GIP contracts is 95%.  To get to the tariff limit of 83.5% by Jan 1st, the GIP contracts will have to withdrawal about 1.8 Bcf, or 150 mmcfd, over the next 12 days.

The 3-step & 4-step do not have a minimum requirement to be met by the end of December since minimum withdrawals for Nov/Dec is zero.

The last report stated that Entergy-Koch had switched to GIP from 4-step.  This was in error.  They are still in the 4-step process.

BP Canada has injected 101.16% of their contract amount.  They have 2,125,406 of GIP on a contract of 2,100,932.

The percentage break out by service is GIP - 34.5%, 4-Step - 45.9%, and 3-Step - 19.5%.

Overall FDD is 94.36% full.

If you have any questions, please call me.

Steve Thomas
Gas Storage Manager
402-398-7468


Bill,

Thanks for selecting me as a panel participant.
Unfortunately, I have to decline: I am planning extended
vacation following Thanksgiving.

I hope your company is doing fine.

Vince

 -----Original Message-----
From: 	William Balson <wbalson@opt4.com>@ENRON [mailto:IMCEANOTES-William+20Balson+20+3Cwbalson+40opt4+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 27, 2001 2:12 PM
To:	Kaminski, Vince J
Subject:	can you participant in a panel discussion Nov 28-30?

Would you be interested in participating in a panel discussion at @Market
Expo 2001 in Chicago Nov 28-30?  I would like to propose a discussion
similar to the following:

Proposed panel discussion -
Electronic commerce is quickly expanding the capabilities that enable the
exchange of structured derivative contracts.  Derivative contracts,
including swaps and options, embody substantial financial risks related to
both underlying market prices and creditworthiness of participants.  The
technology needed for these new derivative marketplaces includes
multi-parametric exchange functionality, rapid response to changing
preferences for exotic contract structures, and control over the exposure of
financial risk to traders.  These developments promise to bring electronic
commerce into the OTC marketplace.  This panel brings together leaders from
the field of financial risk management to discuss these emerging
capabilities.

http://www.atmarkets.org/content/@markets@expo.asp


Thanks.  Go ahead and release but make sure Mark Metss' group have seen the financials before releasing to UBS.

Chris Lambert
05/17/2001 06:39 PM
To:	Stanley Horton/Corp/Enron@Enron
cc:	Adam Umanoff/EWC/Enron@ENRON, Mike Westbeld/EWC/Enron@Enron, Tod A Lindholm/Enron@EnronXGate

Subject:	EW Americas 2001 Actuals

Mr. Horton,

Please find attached the 2001 first quarter actual results for the Enron Wind Americas division.  Adam, Mike, and Tod are traveling, and have reviewed and approved the attached statements.

We are prepared to release these numbers to the UBS due diligence team pending your approval.  The statements will not be released until I have received your authorization.

Please contact me at (661) 823-6467 if you have concerns or questions.

Thank you.

Chris Lambert
Director, Planning Americas
Enron Wind


I am having trouble locating a copy of a gty that was secured from Energen
Corp. to cover the financial trading business of its sub, Energen Resources
Corp.  Has anyone received a copy of this gty or know of a place we can check
to see if, in fact, this $60MM gty was ever received.

thanks
brant


John,

As of 6/15 the value in the ICAP curve was $79MM.
I have executed bilateral trades creating $3MM of New Deal value in my book.
There is now $65MM of value left in the curve.
$11MM has been spent in hedges.

FYI
From July 13 - 21 the PJM cash desk is open for you to trade.  Let me know
when you want to come down for some training.

Dana


Here is my time sheet for the week of March 1st.  Thanks
Ben


Ed has signed off on the agreement you gave me yesterday evening.  Should I send this straight to Boston Gas's outside counsel or should I send it to Melanie Gray?

 -----Original Message-----
From: 	"Metcalfe, David" <DMetcalfe@CullenandDykman.com>@ENRON
Sent:	Friday, January 25, 2002 3:41 PM
To:	Germany, Chris
Cc:	Rapp, Richard; Allocca, John; Pugliese, Elisa; 'Elizabeth Danehy (E-mail)'; Donohue, Antonia
Subject:	Stipulation

Chris:
Per our conversation a few minutes ago, attached please find the revised Stipulation.  This document has been modified with the changes that were in the mark-up you faxed to Toni Donohue here a few hours ago.  I also deleted "subject to recall" based on our discussion, assuming you get approval for that revision.  You informed me that you would discuss this with your attorney.
Also, as I mentioned to you, we have faxed your mark-up to Melanie Gray at Weil Gotschal in Houston to keep her informed.  (Her voice mail says she's out of the office until Monday.)
Thanks for all your help on this.
David T. Metcalfe
Cullen and Dykman LLP
177 Montague Street
Brooklyn, New York  11201
phone: 718-780-0046
fax: 718-780-0276
e-mail: dmetcalfe@cullenanddykman.com
____________________________________________________
This email may contain material that is confidential, privileged and/or attorney work product for the sole use of the intended recipient(s).  Any review, reliance or distribution by others or forwarding without express permission is strictly prohibited.  If you are not the intended recipient, please contact the sender and delete all copies.
 <<Stipulation -ECT-KEDNE re IGTS & Tennessee Cap Releases -FINAL.doc>>
 <<BLACKLINE -Stip -ECT-KEDNE re Cap Releases -2-F.doc>>

 - Stipulation -ECT-KEDNE re IGTS & Tennessee Cap Releases -FINAL.doc
 - BLACKLINE -Stip -ECT-KEDNE re Cap Releases -2-F.doc


FYI -  Just wanted to let everyone know my extension.
(54013)
                                Also, if you really need something and I am
not at my
                                desk or at lunch, you can page me.
(713-707-5609).
                                My mobile number is (281-799-5593).  If you
need anything
                                just give me a call.

                               Thanks,
                               Brandee


---------------------- Forwarded by Mark Guzman/PDX/ECT on 01/21/2001 10:22
PM ---------------------------

	From:  Mark Guzman                           01/21/2001 08:20 PM

To: btate1@epelectric.com
cc:
Subject: Preschedules

Tate, go to the tab on this spredsheet for 1/22 and print.  Give me a call
afterward.


-----Original Message-----
From: Lavorato, John
Sent: Tuesday, August 28, 2001 8:17 PM
To: Grigsby, Mike; Shively, Hunter S.; Martin, Thomas A.; Neal, Scott; Arnold, John; Allen, Phillip K.; Zufferli, John
Subject:

Now that we can post numbers inside other market maker's numbers on EOL I expect no one to go the broker market for products that you are not the primary market maker.  Please mandate this policy with your traders.  As you always do, let me know if you disagree.

With love

John


Hi, Vince please put your best effort in making sure that we differentiate
summer interns and associates that EBS Research will be hiring.  I am talking
about compensation here.  Ken Rice mentioned that EBS is in the process of
developing a technical equivalent of our AA pool. EBS research people can
potentially rotate through this pool in the future.  I just don't want to
risk losing people like Giuseppe (& get the word out that we are low-ballers)
because we have to fit them into certain set of categories that was designed
for the energy business.  I realize that you have estabilished such
differentiation for research as a whole, but I think that would have to be
moved up a notch in the case of EBS.

Ravi.


Please find attached the FINAL Name Change/Merger Notification Report for
January.  To launch the report, double click on the attachment and select
"Enable Macros" and "Read Only".   The Jan 01 Changes tab summarizes
additions to the report since Jan. 15.
Please note that:
 ERMS short names will be changed in GCP and ERMS each Friday at 10am Central
Time, and
 Inactivations will be made on Feb 1

For more information, please click below:

Each month now has two sheets, a summary sheet (eg Jan 01 Changes) and a
detailed sheet (eg Jan 01).
Click below for more information:

The summary sheet can be used to view all changes after a certain date.  If
you're aware of all changes up to, say, January 15th enter 01/16/2001 in cell
C6 of the Summary Sheet and click the Sort button in cell H6.  All changes
made to the report on or after January 16th will be listed automatically.
The Summary sheet may also be sorted for certain criteria - use the drop down
arrows alongside the column headers to make your selection.

This sheet contains all the information you are used to seeing, but slightly
reformatted.  Key points are:
In the case of an Inactivation, the cause of the Inactivation (eg Merger) is
listed in the Comments section
As with the previous format,
all months' reports will be sent cumulatively throughout the year
the report will be sent out twice each month, on the 15th and at the end of
the month.

It is our aim to publish the report in Livelink and to send out only the
summary sheet and a URL for the detailed report each month.  This will save a
lot of space in Lotus Notes and we hope it will streamline your monitoring
process.

We'd be very happy to receive any comments you may have.


Thanks to you and Scott for your help, I appreciate it!  I hope all is going
well...


Don't miss our special eSpeak on Tuesday, August 29 at 10:00 a.m. Houston
time.  Dr. Ben Gilad has been hailed by Business Week and Fortune as one of
the greatest minds in the field of Competitive Intelligence. Please join him
for a discussion about Competitive Intelligence and what it means to Enron.
If you can't make the live event, be sure to pre-submit your questions on the
eSpeak site.

Join the competitive intelligence fervor:  On Tuesday 8/29, check out the new
look and feel of the Edge and catch Dr. Ben Gilad, CI guru, on eSpeak.
The Edge - Click it today.

Creativity and Innovation are back in full force.  Go to eMeet to participate
in the recently re-launched Creativity and Innovation dialogue.


are you talking about JS?  thought she was going to kentucky?  I was going with my friend Elizabeth but she is probobly going to have to work on Friday.  So I may just ride back with her.  Trying to figure it  all out.

 -----Original Message-----
From: 	Arnold, John
Sent:	Monday, November 19, 2001 11:26 AM
To:	Ward, Kim S (Houston)
Subject:

I spose so but we might have to take stupid as well I just found out.


Maya Weber 202 383 2260
Joe Hillings
Steve Montovano


This should be sent today.  Stewart is the commercial person in Portland.
Thanks.  SS

Sara Shackleton
Enron North America Corp.
1400 Smith Street, EB 3801a
Houston, Texas  77002
713-853-5620 (phone)
713-646-3490 (fax)
sara.shackleton@enron.com
----- Forwarded by Sara Shackleton/HOU/ECT on 02/08/2001 02:25 PM -----

	Edward Sacks@ENRON
	02/08/2001 02:15 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron, Samantha
Boyd/NA/Enron@Enron, Susan Bailey/HOU/ECT@ECT, William S
Bradford/HOU/ECT@ECT, Tracy Ngo/PDX/ECT@ECT, Paul Radous/Corp/Enron@ENRON,
Wendy Conwell/NA/Enron@ENRON
		 cc: Stewart Rosman/HOU/ECT@ECT
		 Subject: Port of Oakland - ISDA Credit Worksheet

Attached please find the proposed credit terms for the draft ISDA.  If you
should have any comments or questions, please reply.

Ed Sacks


We have postponed issuing the DPR until the terminations that have already been entered into are appropriately reflected in the risk books.  My aim is to produce a full preliminary DPR next Monday for this Friday's trading activity.

Please call me if you have any questions or comments.

Shona Wilson
Director, Global Risk Operations
X39123


Well Charlottesville actually has its own airport (looks a bit like St
Thomas).  But DC is the only other place close by - and then a rental car (or
bus or train).  I have an extra room reserved at Keswick Hall - very
expensive - and at some point I have to release it or pay for it. Check it
out at www.Keswick.com.    Rooms are tight over graduation weekend.

Linda Hayman
Skadden, Arps,Slate, Meagher & Flom, LLP
4 Times Square, 42nd Floor
New York, NY  10036
T:  212-735-2637
F:  917-777-2637

>>> <Mark.Taylor@enron.com> 01/05/01 10:37AM >>>

That's a great idea - I'll see if I can line up a boat - anywhere in
particular you'd like to sail?  (BVI makes sense if there's a newcomer
along.)

Where do you fly into to get to Charlottesville?

                    "Linda
                    Hayman"              To:     Mark.Taylor@enron.com,
AMH5H@SERVER2.MAIL.VIRGINIA.EDU
                    <LHAYMAN@skad        cc:
                    den.com>             Subject:     Re: wouldn't you like
to see us

                    01/04/2001
                    07:20 PM

I can sail anytime - Amanda is a tougher nut to crack.  She graduates on
May 20.  Wanna come to Virginia for graduation and then we could all leave
from there?

Any interest in Barcelona for a long weekend?

>>> <Mark.Taylor@enron.com> 01/04/01 08:03PM >>>

I can't believe you have to change planes in Chicago AND Dallas!  I don't
remember you being that willing to suffer for a cheaper ticket.

Bummer - looks like I'll just have to be the wimp this time.  There's
really no way I can get away next week.  I have heard of las ventanas - but
I didn't know about the evian spritzing.

Maybe next time.  Any more thoughts on a week that works for sailing?  I
could spring for a bottle of evian and a plant mister......

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly
prohibited.  If you have received this e-mail in error, please immediately
notify me at (212) 735-3000 and permanently delete the original and any
copy of any e-mail and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

------------------------------------------------------
This e-mail, and any attachments thereto, is intended only for use by the
addressee(s) named herein and may contain legally privileged and/or
confidential information.  If you are not the intended recipient of this
e-mail, you are hereby notified that any dissemination, distribution or
copying of this e-mail, and any attachments thereto, is strictly prohibited.
If you have received this e-mail in error, please immediately notify me at
(212) 735-3000 and permanently delete the original and any copy of any e-mail
and any printout thereof.

Further information about the firm, a list of the Partners and their
professional qualifications will be provided upon request.

 - Linda Hayman.vcf


This is strange.  Sometimes when I open a file in the database it does not
show, nor allow me to do legal comments.  Is there some trick or security
clearance I do not have?  Mary


Once again, Enron employees showed their generosity.

Thanks to everyone who participated in the March of Dimes Raffle, we raised
over $1,750.

The Big Winners in the raffle were:

 Mary Anne Miller - Airline tickets
 Cindy Stark - Compaq PA Personal Audio Player
 Mary Vollmer - Urban Retreat Gift Certificate
 Ben Nguyen - Four Astros Tickets
 John Chang - Four Astros Tickets
 Betty Keenan - Barrington Roller Pen
 Bob McAuliffe - Cutter & Buck Polo Shirt
 Kimberly Nelson - Zippered Portfolio
 Karon O,Gorman - Desk Clock
 Tammy Kovalcik - Laptop Carrying Case
 Lisa Gilchrist - Laptop Carrying Case
 Sharon Farrell - Laptop Carrying Case
 Scott Churbock - Laptop Carrying Case
 Argelia Vallejo - Laptop Carrying Case
 Mike Millwee - Microsoft Office 2000 Professional Software
 Stacy Holtzman - Microsoft Visio2000 Technical Edition Software

Thanks again for supporting March of Dimes!


Hi there,

Here's the assignment and assumption agreement with the GE consent included.
Please let me know if you have any comments.

Thanks,

Kay

PS.  In discussing the mechanism to move the turbines, it seemed that it
would work ok to assign the turbines out of the AIP.  I can't find a flaw
with that approach.


sextet (seks-TET) noun

   1. A group of six.

   2. A group of six singers or musicians, or a piece of music composed for
      them.

[Alteration of sestet, influenced by Latin sex, six.]

   "With the local hockey sextet locked in a Stanley Cup series it would be
   loyal to stop by and pick up a six-pack."
   Dick Kreck, Raise a Glass to Avs, The Denver Post, May 18, 2001.

The word sextet has nothing to do with sex, unless of course, the six people
in question engage in some questionable calisthenics. That's what the English
language does--often leading us on only to make things limpid in the end.
There we go again. Take the word friable, for instance. All evidence leads
us to suggest this word could be used to refer to raw potato chips. But in
truth, something friable is that which could be easily crumbled. Well, it
could be used to refer to potato chips, after all. This week's AWAD visits
these red-herring words, words with meanings that are not the first things
that come to mind.                                                    -Anu

............................................................................
Nothing worse could happen to one than to be completely understood. -Carl
Gustav Jung, psychiatrist (1875-1961)

Send your comments about words to anu@wordsmith.org. To subscribe or
unsubscribe A.Word.A.Day, send a message to wsmith@wordsmith.org with
"Subject:" line as "subscribe <Your Name>" or "unsubscribe". Archives,
FAQ, gift subscription form, and more at: http://wordsmith.org/awad/

Pronunciation:
http://wordsmith.org/words/sextet.wav
http://wordsmith.org/words/sextet.ram


---------------------- Forwarded by Richard Shapiro/HOU/EES on 09/07/2000
05:34 PM ---------------------------

Ann M Schmidt@ENRON
09/07/2000 01:04 PM

To: Richard Shapiro/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRO
cc: Ginger Dernehl/NA/Enron@Enron
Subject: CNN Headline News Story

Rick,

Below is the transcript of the story you asked about this morning.  I have a
video copy of it as well that you can view upon your return.  Thanks, Ann
---------------------- Forwarded by Ann M Schmidt/Corp/Enron on 09/07/2000
12:58 PM ---------------------------

"Dave Vigil" <dvigil@vidmon.com> on 09/07/2000 11:00:21 AM
Please respond to <dvigil@vidmon.com>
To: <aschmid@enron.com>
cc:

Subject: Video Monitoring Services of America, L.P. (VMS)

BROADCAST TRANSCRIPT
Video Monitoring Services of America, Inc.
10260 Westheimer
Houston, TX 77042
(713) 789-1635
(713) 789-0980 (FAX)

    Date      September 07, 2000
    Time      08:00 AM - 08:30 AM
    Station   CNN Headline News
Location  Network
Program   Headline News

Jacque Reid, anchor:
To save money, consumers are finding ways to cut down on costly electricity
bills.  Greg Clarking reports on how to get better rates using the Internet.
Greg Clarking reporting:
Helene Baldizzone, a New York City artist, was growing increasingly
concerned about rising electricity costs, so she signed up with start-up
electricity retailer SmartEnergy.com.
Helene Baldizzone (SmartEnergy.com Customer):  I thought, OK, well, let's
try somebody else because the bills had been going up little by little every
month with ConEdison.  So I thought, well, I have nothing to lose at this
point.
Clarking:  Baldizzone is happy with SmartEnergy where she has locked in a
rate of 8.3 cents per kilowatt hour.  She was paying as much as 13.3 cents
per kilowatt hour before switching.  SmartEnergy says its goal is to let
consumers take advantage of the sometimes confusing options created by
deregulation of the energy industry.
Gautam Chandra (President/CEO, SmartEnergy.com):  What we are doing is
taking that confusion away by being the agents for the customer in terms of
looking at the best prices, locking in the best prices for them.
Clarking:  SmartEnergy, currently available in New York City, will be
available in all twenty-four deregulated states within the next few months.
There are a number of electricity suppliers in each of the deregulated
states and consumers can save a lot of money by doing a little research.
Rick Cowles (Energyland.com):  Don't sit back and just hang in there and
wait and see what's going to happen a year or two down the road because
you're going to find that electric rates have definitely changed in a year
or two and it may not be to your advantage.
Clarking:  To find out what energy options are available in your area, you
can call your state's public utility commission or click on to
Energyland.com for a complete list of energy suppliers and their rates.
Cowles:  Right now, consumers are kind of in a unique position where they do
have the ability to go in and see some immediate savings.
Baldizzone:  It's easy.  But I like especially saving the money.  It's
better in my pocket.
Clarking:  That's Your Money.  Greg Clarking, CNN, New York.

                        # # #

For a videocassette(TV) or audiocassette(radio) of this news segment contact
your nearest VMS office Material supplied by Video Monitoring Services may
only be used for internal review, analysis or research.  Any publication,
re-broadcast or public display for profit is forbidden.


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   Edit Bill Pay Alerts - Yahoo!

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              You have just received a new E-Bill from Southwestern Bell due on 18-Jan-2002.

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FYI

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 02/01/2000
04:50 PM ---------------------------

Vince J Kaminski
11/22/99 11:01 AM
To: "Angela Adedeji" <aadedeji@risk.co.uk>
cc: Vince J Kaminski/HOU/ECT@ECT, vkaminski@aol.com, Shirley
Crenshaw/HOU/ECT@ECT
Subject: Re: European Energy 2000, April, Amsterdam

Angela,

Thanks for the invitation. I shall be glad to join you for both days in
Amsterdam. Both topics would work for me.

Hope to talk to you soon.

Vince Kaminski

"Angela Adedeji" <aadedeji@risk.co.uk> on 11/17/99 11:32:08 AM
Please respond to "Angela Adedeji" <aadedeji@risk.co.uk>
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: European Energy 2000, April, Amsterdam

Hi Vince

RE: EUROPEAN ENERGY 2000, 3 & 4 APRIL 2000, AMSTERDAM

I hope all is well in sunny Houston. It is with great pleasure that I enclose
details of our forthcoming annual European congress, European Energy 2000. I
would very much like to invite you to become involved as a chairperson and
speaker for the following topic 'Applying weather risk management
methodologies to the European energy market', although I would of course be
more than happy to discuss any of the other sections with you eg. 'Estimating
volatility for efficient pricing, trading and risk management'.

I hope we can work together on this event and I look forward to hearing from
you soon. As always, my deadline is quite tight so I would appreciate
receiving a response from you at your earliest convenience.
Kind Regards
Angela Adedeji
Senior Producer, Energy Conferences & Courses
Tel -  + 44 171 484 9886
Fax - + 44 171 484 9888
Email - aadedeji@risk.co.uk
 - att1.htm
 - Grid.doc


I'll be there.

Errol