Also, I would add that another reason we didn't submit the O&M agreement is
that we considered it to be confidential.

Gerald Nemec@ECT
03/23/2000 11:47 AM
To: Susan Scott/ET&S/Enron@ENRON
cc:

Subject: FERC Issues

Susan, Attached is the text I am forwarding to the investors.  Please let me
know if you have any comments.  Thanks for your help.

I talked further with Transwestern Counsel today concerning the issues and
have the following points;

 1.  FERC was made aware of the Compression Services arrangement with ECS (at
that time via Enron Capital & Trade Resources Corp.) in the filings for the
certification of the Kachina units.  FERC simply didn't ask any further
questions in that proceeding.  The Operation & Maintenance Agreements in
place for the Kachina units essentially accomplishes the same things as the
Operational Control Agreement in Gallup.  TW feels the O&M agreements would
be adequate to answer any questions that possibly FERC might ask regarding
this subject matter.  The Operational Control agreement was put into place in
Gallup because it was thought to be easier to give FERC exactly what is was
looking for rather than show them the Gallup O&M Agreement which might slow
down the process at that time.

 2.  There is no basis in FERC Regs or the NGA for FERC to impose any type of
penalty or discontinue the Compression Service's due to TW's operation of
Kachina without the Operational Control Agreement.  No regs or law address
this situation.  Again this is tempered by the fact that FERC was made aware
of the arrangement and didn't ask any questions and the O&M agreement is in
place to accomplish control for TW.

 3.  I also faxed you a copy of Section 19(c) of the NGA which indicates that
the petition for rehearing does effect the status of the certificate.
Construction is moving ahead and the anticipated start date is May 1.

I will forward the filing TW made wrt to the Operational Control Agreement as
soon as I recieve it.  Let me know if you have any further questions (713)
853-3512.


Revised Date & Time


Start Date: 1/24/02; HourAhead hour: 24;  No ancillary schedules awarded.  No variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final Schedules\2002012424.txt


I entered the sale to Allegheny in Sitara (deal 224977) effective 4/1/200
thru 10/31/2000.

Dick, Scott, the sales price is trigger deal priced at  NX1 + $.22.
Allegheny holds the trigger and the daily volume is 1,532 day at Leach or the
CGAS pool.

My contact at Allegheny is Nat Miljus (phone 412-394-2953).

David is going to make me fill out a term ticket and I'm running it through
Dick's book.


Any recruits?

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 04/19/2001 06:05
PM ---------------------------

"Cindy Viator" <cindyv@lakeaustin.com> on 04/19/2001 09:24:43 AM
To: <kay.mann@enron.com>
cc:

Subject: Lake Austin Spa Resort

Hi Kay,

I wanted to follow up with you and let you know I have confirmed reservations
for you, Heather and Anne.  Group rates apply to six or more so there is a
possiblity that the rates will change if they other three guests do not
confirm reservations.

 Please contact me if you have any questions.  I'm looking forward to meeting
you.

Have a great day,
Cindy Viator
Sales/Marketing
Lake Austin Spa Resort
(800) 847-5637
(512) 372-7366
cindyv@lakeaustin.com
www.lakeaustin.com


CALENDAR ENTRY:	APPOINTMENT

Description:
	Call Center Meeting w/Sheila, Bob Martinez, Gerry, Donna - 4102

Date:		3/28/2001
Time:		10:00 AM - 11:00 AM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Ben -

The Schedule of Personal Property unmarked document you requested is provided
below.

Regards,
-Pat

---------------------- Forwarded by Jon Cathers/Corp/Enron on 12/08/2000
12:35 PM ---------------------------
From: Stuart Zisman@ECT on 12/06/2000 11:40 AM
To: Jon Cathers/Corp/Enron@Enron
cc: Ross Newlin/HOU/EES@EES, Mitch Robinson/Corp/Enron@Enron

Subject: Schedule of Personal Property

Although we have not yet had an opportunity to visit about this, attached is
a schedule of "personal property" that I would appreciate your reviewing to
verify that all items listed are in fact at the plant.  I will give you a
little more to work with in our call this afternoon.  Thanks in advance and I
look forward to talking with you later.

All the best.

Stuart


no name yet, yes it is a golden my mistake

 -----Original Message-----
From: 	Fitzgerald, Genia
Sent:	Friday, September 28, 2001 1:13 PM
To:	Perlingiere, Debra
Subject:	RE: puppy

I think it is a Golden Retriever, not a Lab????  It is soooooooooooo precious.  What is it's name?

g

 -----Original Message-----
From: 	Perlingiere, Debra
Sent:	Friday, September 28, 2001 1:11 PM
To:	Fitzgerald, Genia
Subject:	FW: puppy

 -----Original Message-----
From: 	Dickson, Stacy E.
Sent:	Friday, September 28, 2001 1:10 PM
To:	Perlingiere, Debra
Subject:	FW: puppy

 -----Original Message-----
From: 	Wallumrod, Ellen
Sent:	Thursday, September 27, 2001 3:13 PM
To:	Dickson, Stacy E.; Perlingiere, Debra
Subject:	FW: puppy

I'm in love....

 << File: MVC-005S.JPG >>  << File: MVC-004S.JPG >>  << File: MVC-003S.JPG >>  << File: MVC-003S.JPG >>


I have added the comments from Mike and Orjan plus the volumes traded graph
supplied by Orjan (thank you!).

Please review and make any final comments and return to me by early next week
as we need to get this to Beth's team for distribution.

Thank you for all of your assistance on this!   Cindy


AUSTIN-BRAZOS-BURLESON-COLORADO-FORT BEND-GRIMES-HARRIS-HOUSTON- LIBERTY-MADISON-MONTGOMERY-POLK-SAN JACINTO-TRINITY-WALKER-WALLER- WASHINGTON-WHARTON- INCLUDING THE CITIES OF...BRENHAM...BRYAN/COLLEGE STATION... CALDWELL...COLDSPRING...COLUMBUS...CONROE...CROCKETT...EL CAMPO... WHARTON...GROVETON...TRINITY...HEMPSTEAD...HOUSTON...PASADENA... HUNTSVILLE...LIBERTY...LIVINGSTON...CORRIGAN...MADISONVILLE... NAVASOTA...RICHMOND...SUGARLAND...SEALY...BELLVILLE 330 PM CST MON DEC 31 2001

...WINTER STORM WATCH TUESDAY AND TUESDAY NIGHT...

LIGHT RAIN IS EXPECTED TO DEVELOP OVER SOUTHEAST TEXAS LATE TONIGHT OR EARLY TUESDAY. THE RAIN MAY BE MIXED INITIALLY WITH SNOW...SLEET OR FREEZING RAIN ALONG AND NORTH OF A LINE FROM LAKE LIVINGSTON TO BRENHAM. COLD AIR WILL DRAIN SOUTHWARD AS THE PRECIPITATION CONTINUES TO DEVELOP...AND A CHANGEOVER TO SNOW OR SLEET IS EXPECTED DURING THE DAY TUESDAY. PRECIPITATION COULD CHANGE TO SNOW OR SLEET EVEN AS FAR SOUTH AS METRO HOUSTON BY DAYS END TUESDAY OR EARLY TUESDAY EVENING.

EXACT SNOW AND SLEET AMOUNTS ARE DIFFICULT TO PINPOINT AT THIS TIME. BUT ESPECIALLY NORTH OF THE HOUSTON...TWO INCHES OR MORE COULD ACCUMULATE BY THE TIME THE PRECIPITATION TAPERS OFF LATE TUESDAY NIGHT.

TEMPERATURES WILL BE RIGHT AROUND THE FREEZING MARK TOMORROW OVER NORTHERN SECTIONS OF THE WATCH AREA...IN SPOTS SUCH AS CROCKETT ...HUNTSVILLE...AND COLLEGE STATION. TEMPERATURES SHOULD REMAIN ABOVE FREEZING IN METRO HOUSTON UNTIL SUNSET...THEN FALL BELOW FREEZING DURING THE EVENING.

MOTORISTS SHOULD BE ALERT FOR DETERIORATING DRIVING CONDITIONS TOMORROW AND TOMORROW NIGHT. EVEN IN METRO HOUSTON...DRIVING COULD BECOME DANGEROUS...ESPECIALLY TOMORROW NIGHT WHEN TEMPERATURES FALL BELOW FREEZING. ANY LIQUID LEFT ON ROADS WILL FREEZE...ESPECIALLY ON LIGHTLY TRAVELLED SECONDARY ROADS.

THE INCLEMENT WEATHER IS BEING CAUSED BY A STRONG UPPER LEVEL STORM SYSTEM THAT IS FORECAST TO CROSS THE REGION TUESDAY AND TUESDAY NIGHT. THE SYSTEM IS FAST MOVING AND SHOULD BE EAST OF THE AREA BY WEDNESDAY MORNING. TEMPERATURES WILL RISE ABOVE FREEZING OVER THE ENTIRE AREA WEDNESDAY...ALLOWING ANY ACCUMULATED SNOW AND SLEET TO MELT.

VERY COLD TEMPERATURES ARE EXPECTED WEDNESDAY NIGHT. ANY WET AREAS LEFT ON ROADS WILL FREEZE HARD AS TEMPERATURES FALL INTO THE 20 TO 25 DEGREE RANGE INLAND. YOU MAY WISH TO CONSIDER MAKING PREPARATIONS TO WRAP EXPOSED PIPES AND ARRANGE FOR PETS AND PORTABLE PLANTS TO BE BROUGHT INSIDE.

STAY TUNED TO NOAA WEATHER RADIO AND LOCAL MEDIA FOR THE LATEST FORECAST FROM THE NATIONAL WEATHER SERVICE. A WINTER STORM WATCH MEANS WINTER WEATHER IS POSSIBLE...NOT A CERTAINTY. IF WINTER WEATHER BECOMES IMMINENT...A WINTER STORM WARNING OR WINTER WEATHER ADVISORY WILL BE ISSUED. AVOID DRIVING IF WINTER WEATHER BECOMES IMMINENT.


Sorry to hear Rob can't make it.....have him send Lucinda!!!!!

-----Original Message-----
From: Fred D Haulenbeek [SMTP:fredinvt@juno.com]
Sent: Monday, October 09, 2000 9:18 PM
To: akinpa@email.msn.com; bwall@copcp.com; WilliamHJordan@mindspring.com;
jansson@mindspring.com; judgegyro@yahoo.com; golfnbud@aol.com;
chuck.paul@a-closer-look.com; handshohl@eudoramail.com; craigd9561@aol.com;
christop@netcomuk.co.uk; ccoburn@themissionbank.com;
shackleton@worldnet.att.net; boardwalk@iquest.net; dfullert@nmh.org;
froby@holmesmurphy.com; wgander@twa.com; John_Grumbles@berryplastics.com;
hbrunette@earthlink.net; harris@wheelerads.com; jdent@mmcable.com;
pastorhess@hotmail.com; jglass@mmind.net; jepetree@bellsouth.net;
jowen9653@aol.com; jskilli@enron.com; JAWallace12050@aol.com;
jstorthz@flash.net; johnmiller@advlaser.com; KCason@flash.net;
kstewart@ctcua.org; leland.white@energyspectrum.com; markpa@gateway.net;
Michael_Arends@putnaminv.com; Mbaddour@msn.com; hutchathoh@aol.com; crra
ckups@aol.com; samuraimai@aol.com; JimFUlrich@aol.com; sogborn@goiac.com;
hosman@flash.net; RHarman@Bass-Associates.com; Bensons3@airmail.net;
pwm1950@aol.com; boethia@hotmail.com; AZaremba@FZCI.net;
rrossell@angiodynamics.com; hosman@eskridge.net
Subject: -kai-

Beta Thursday Night Gang,

Significant progress has been made in our quest to locate an alternate
venue for our Thursday night rendezvous.

The suggestion actually came from Queensbury, NY of all places.  Yes,
brother Rob Rossell ('77) has volunteered his brother Bill's
establishment....Lakewood Landing.  Tom Benson says it's near Stan's Blue
Note Inn.

A brief description, details and directions will follow.

I spoke to Mike Arends today...it looks like Mike will be joining us in
spite of the fact that he will be at the alter 2 weeks later.  Rob
Rossell tells me that Tim Strange is coming down with Harry Singleton.
The brothers just keep on coming out of the woodwork.  Rob Bugh got into
the loop only recently- too late to make plans to leave the flock behind.

Though he's become a silver-gray, his hand keeps time and measure...check
out Elvis doin' the hambone thing (attachment).  A Beta Top 40 included
too! (don't worry Jansson, I still have my day job)

-kai-
BEEK << File: ATT00000.html >>  << File: Elvis.jpg >>  << File:
lovingcup3.wav >>


Dear SALLY W BECK,

Thank you for your order. We are currently reviewing for completeness and
accuracy.
A separate email with your Dell Order number(s) will be sent to you after the
order is processed.

A recap of your order is provided at the end of this message for your
reference.
We encourage you to verify, print, and retain the information on this page
for your records.

Date Submitted: 1/25/01 1:24:44 PM

If at any time you have questions regarding your order please contact your
Dell Sales Representative:

Name:  EPP Sales
Email: US_EPP_Clickathome@dell.com
Phone: 866-220-3355

Again, thank you for your order. We appreciate you buying from Dell and using
your Dell Premier Pages Service.

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Dell Premier Pages Service

Shopping cart includes 1 unique item(s)
Total Price: $1,235.00

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Video Card:                              NEW 32MB DDR ATI Radeon 4X AGP
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Floppy Drive:                            3.5" Floppy Drive
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Modem:                                   US Robotics V.90/56K PCI Telephony
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Speakers:                                harman/kardon Speakers
Bundled Software:                        Microsoft® Office 2000 Small
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Zip Drives:                              100MB Zip Drive with One Disk
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Sub-Total for Item: $1,235.00
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** END OF ORDER **


Okay, as to 2,5,8.  Can you explain what is meant by "fixed price" in the
other and what criteria is to be used in fixing the price?

	Barry Tycholiz
	11/03/2000 03:27 PM

		 To: Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Re: Crestar Document

I agree with you on points 2,5,8.  just delete them in the confirm.

With regards to point 2. As long as the language reflects that best efforts
are taken to buy/sell gas at Daily Index when required and then it goes to a
fixed price I am fine with it.

Barry


pls set up an hour on this sometime tomorrow am if possible.  thanks df
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/28/2000
11:56 AM ---------------------------

	From:  Drew Fossum                           08/28/2000 11:55 AM

To: Tony Pryor/ET&S/Enron@ENRON
cc: Susan Scott/ET&S/Enron@ENRON

Subject: ET&S Hedged and Open Positions/Financial Exposure Positions

Interesting.  I remember vaguely that we had some concern with how VAR was
calculated.  I recall that Dave Neubauer didn't think that we were doing it
right for TW.  Do you remember this issue?  If so, does this change address
the same issue?  Also, I'll line up a meeting today or tomorrow on  the TW
options filing in general, and we can discuss the customer meeting and also
touch on this internal controls issue.  Thanks  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 08/28/2000
11:18 AM ---------------------------

Debbie Moseley
08/25/2000 04:05 PM
To: Bob Chandler/ET&S/Enron@ENRON, Paul Cherry/GPGFIN/Enron@ENRON, Bill
Cordes/ET&S/Enron@ENRON, John Dushinske/ET&S/Enron@ENRON, Dan
Fancler/ET&S/Enron@ENRON, Jeffery Fawcett/ET&S/Enron@ENRON, Drew
Fossum/ET&S/Enron@ENRON, Steve Gilbert/ET&S/Enron@ENRON, Steven
Harris/ET&S/Enron@ENRON, Rod Hayslett/FGT/Enron@ENRON, Carolyn
Henry/ET&S/Enron@ENRON, Stanley Horton/Corp/Enron@Enron, Mike
McGowan/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Heather
Mueck/AA/Corp/Enron@ENRON, Dave Neubauer/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON, Ray
Stelly/ET&S/Enron@ENRON
cc:

Subject: ET&S Hedged and Open Positions/Financial Exposure Positions

Please Note:

The Corporate Risk Management Department prepares ET&S's Value at Risk
calculation.  They recently completed a review of our historical experience
and correlation on our hedged positions.  Based on this review, we have
agreed to increase the correlation to .90.  This change has caused the V@R to
decrease significantly to more appropriately reflect the risk in our
positions.  We will continue to work with Risk Management to assure that our
exposures are being appropriately reflected in the V@R calculation.

If there are any question regarding the V@R calculation, please contact Dan
Fancler or Bob Chandler.


Sally / Beth,

As we discussed when I was in Houston I have put together a draft on
Valuation Methodology Changes and Model Approval. I had a meeting arranged
for today to go through my proposal with Ted Murphy and Tani Nath (she heads
up research and structuring here in London) but Ted cancelled at the last
minute (again). Tani and I met and are broadly in agreement, but before we
can go any further we need Ted's input. He is now away for 2 1/2 weeks so
there is going to be no further progress on this front.

In the mean time I would appreciate your comments on what I have put
together. I would prefer it if it is not circulated around Houston at this
stage until I can accurately say that Ted is happy from a global RAC
perspective. Likewise I still need to get Houston research comfortable but I
am going to wait until Ted has had a chance to add his feedback so I can at
least say that it is only Houston research that is outstanding. Others will
also need to be consulted (and I would like to agree a list of key people
with you) but I can't see their being any real contention. Can you ?

I am assuming that resourcing is likely to be an issue for you in Houston
(and it may well be here too) and this has been added to the outstanding
list. I am envisaging that some of the risk management work could be
completed as part of the curve validation

If there are any questions or feedback please let me know.

James


not this weekend but the following weekend.  you missed a great st. patty's
day.  i have a date with some hot kappa from ut on fri.


Bill Williams just talked to Jake, the Sempra trader who did the trade, who
recognized the deal and said he'd speak with Harry and clear it up. In the
meantime, this is a good trade.

Kate

Stephanie Piwetz   04/03/2001 10:47 AM

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

Subject: DEAL 567990.01

Kate,
Deal 567990.01, trader at Sempra, does not show this trade.   Harry from the
backoffice called.
Please ask Leaf.

Thanks
Stephanie


Shane,

Thanks for your message.  As a matter of fact, I expected your resume in time
for our summer internship program.

We shall be glad to invite you for an interview. How long "sabbatical" do you
envisage?

Vince

P.S. Shirley,   please, call Shane to arrange an interview with HR.

"Shane Green" <shanecgreen@earthlink.net> on 06/19/2000 02:14:00 PM
To: <vkamins@enron.com>
cc:
Subject:

Dr. Kaminski:
?
You probably won't remember my name, but I am the Ph.D.  student that took
you back to the airport after your visit to Louisiana State  University
during the previous academic year.
?
I received my M.S. in Finance in May of last year, and chose  to?remain at
LSU to work on my Ph.D. At that time, I intended to pursue a  career
in?teaching and research at a four year college or university.?  In
part?because of your visit,?and my?primary interest in  normative research,
my?plans have changed.? While I?still want to  earn my Ph.D.,?I plan to
pursue a career in research in the private  sector.
?
As you know, Ph.D. programs in financial economics are  designed to train
future academics.? Not surprisingly, they emphasize  methods to approach the
types of questions that are of interest to finance  academics.? What did
surprise me, however, was that these areas of interest  often had little to
do with what I imagined to be the concerns of practitioners  in the real
world.? As you mentioned in your discussion, academic  researchers know
little about what their counterparts in the private sector
are?doing.?????????????????????????????????????
?
In light of my objective, I feel I would get the most out of  the remainder
of my doctoral studies if I took some time off to work in the  private sector
to see first hand the?types of challenges I can expect to  face as a
researcher in corporate America.? As my primary interests revolve  around the
use of derivatives and financial engineering in corporate risk  management,
Enron, as the leading innovator in these areas, would be an ideal  place to
learn.? I was wondering if you were aware of any openings at the  company
that might provide me with the exposure I am looking for.? If there  are no
such positions or opportunities, any advice or suggestions you could give
me,?such as whether or not you think such a "sabbatical" (for lack of a
better term) would be helpful, or information on private sector careers for
Ph.D.'s would be greatly appreciated.?
?
I am sending a current copy of my vita as an attachment.?  If you have any
questions my e-mail address is sgreen@finance.lsu.edu.? Thanks  for your help
and advice.
?
?
Cordially,
?
?
?
?
Shane Green
?
?
?????
 - Vita.doc


---------------------- Forwarded by Phillip M Love/HOU/ECT on 04/06/2001
08:30 AM ---------------------------

	From:  Martin Cuilla                           04/06/2001 08:07 AM

To: Phillip M Love/HOU/ECT@ECT
cc:
Subject:

Phillip - Please do us a favor and play this often!


BLOOMBERG

Jeff Richter
deal 580280
Bloomberg does not recognize

Chris Mallory
I am missing the following deal  per Bloomberg:
Enron buys from El Paso 25 mw Q3'01 SP light at $228

deal 580168
Bloomberg shows fee of $.005

Mike Swerzbin
deal 580159
Bloomberg shows fee of $.005

PREBON
All deal are o.k.

Amerex West
All deals are o.k.


Here's another document I need to have faxed to me:

Thanks,

Kay


458406 has been changed to off peak.

458733 - Chris thinks this is with APB, but says it may be Prebon. We tried
to check with Prebon or APB, but no one was at either desk. I'll try to
contact Evelyn (who I think checks out with Prebon) to see if she's missing
any deals.

Let me know if APB gets back to you.

Thanks,
Kate

Kerri Thompson@ENRON
11/14/2000 03:06 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: apb check out

458406
bob
should be off peak

458733
chris m
not there deal


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 02/28/2001 04:43 PM -----

	Joel Ephross/ENRON@enronXgate
	02/28/2001 02:38 PM

		 To: Sara Shackleton/HOU/ECT@ECT, Brenda L Funk/ENRON@enronXgate
		 cc:
		 Subject: FW: FW: FW: Raptor 2 - Sale of CEG/RioGas

 -----Original Message-----
From:  Baker, Ron
Sent: Wednesday, February 28, 2001 2:30 PM
To: Ephross, Joel
Subject: Re: FW: FW: Raptor 2 - Sale of CEG/RioGas

Joel,
Yes, the swap would need to be transfered by both parties.  I don't know
anything about a "minibook" or the documentation being requested.  Let me
know if you have more questions.  Thanks,
Ron

	Joel Ephross/ENRON@enronXgate 02/28/2001 01:21 PM 	   To: Ron
Baker/Corp/Enron@ENRON  cc:   Subject: FW: FW: Raptor 2 - Sale of CEG/RioGas

Ron, do you know the answer to this?
 -----Original Message-----
From:  Shackleton, Sara
Sent: Wednesday, February 28, 2001 12:05 PM
To: Funk, Brenda L.
Cc: Ephross, Joel
Subject: Re: FW: Raptor 2 - Sale of CEG/RioGas

Brenda:  Thanks.  Also, do you have a Raptor IV minibook?  We don't have any
Raptor IV documentation.  Do both swap parties intend to transfer positions?

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

	Brenda L Funk/ENRON@enronXgate 02/28/2001 11:50 AM 	   To: Joel
Ephross/ENRON@enronXgate, Sara Shackleton/HOU/ECT@ECT  cc:   Subject: FW:
Raptor 2 - Sale of CEG/RioGas

Just to clarify... the transfer of the swap has not been put on hold, but the
sale of the assets hedged by the swaps.  I have been working on the asset
sale out of Rawhide, but I'm not familiar with the transfer of the swap.

Sara,

I will send executed copies of the swaps shortly.

Thanks,
B

 -----Original Message-----
From:  Funk, Brenda L.
Sent: Wednesday, February 28, 2001 11:35 AM
To: Ephross, Joel
Cc: Shackleton, Sara
Subject: RE: Raptor 2 - Sale of CEG/RioGas

Just an update... I spoke with V&E this morning and the sale has been put on
hold.  The negotiations broke down last week and, with the holiday, there has
been no further progress.

I'll let you know when I get an update.

Thanks,
B

 -----Original Message-----
From:  Ephross, Joel
Sent: Wednesday, February 28, 2001 11:31 AM
To: Shackleton, Sara; Funk, Brenda L.
Subject: FW: Raptor 2 - Sale of CEG/RioGas

 -----Original Message-----
From:  Baker, Ron
Sent: Thursday, February 15, 2001 9:12 AM
To: Siurek, Ryan; McKean, George; McKillop, Gordon; Ephross, Joel
Subject: Raptor 2 - Sale of CEG/RioGas

FYI
I was just notified that the sale of CEG and RioGas which are hedged in
Raptor 2 will likely close next week.  Current estimates indicate that the
loss on the sale will be around $30MM.  It is expected that the sale of the
one remaining South American LDC will result in gains that will more than
offset this loss.  Obviously, those expectations can change, but I wanted to
keep everyone informed on this.

Ryan - This expected realized loss is exactly the situation which most
concerned us in the meeting with Patti this week.  Is there anything we can
do to push them towards resolving that timing of realized losses is
irrelevent, and this is not an issue?


To confirm the Management Committee meeting for Monday morning, August 27, 2001 at 11:00 a.m. in the boardroom.  Please let me know if you will be able to attend and whether in person or by audio or video conference.

Thanks.

Rosie


Andrzej,

The phone number is 650 497 6938.

Vince

"Lubowski, Andrzej" <lubowski@visa.com> on 10/24/2000 03:01:09 PM
To: "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Great. We will be around. Let's get together. Please, give me a call
(650-570-6509) or/and let me know your phone number in Palo Alto.
Andrzej
-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Tuesday, October 24, 2000 12:58 PM
To: Lubowski, Andrzej
Cc: Vince.J.Kaminski@enron.com
Subject: RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Andrzej,

I shall be in the Bay area again  for Thanksgiving. I came to SF for one
day to
do recruiting at Berkeley. I hope you will feel better soon.

Vince

"Lubowski, Andrzej" <lubowski@visa.com> on 10/20/2000 12:45:25 PM

To:   "'Vince.J.Kaminski@enron.com'" <Vince.J.Kaminski@enron.com>
cc:
Subject:  RE: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Wicku,
I hoped to hear from you. Please, let me know whether your plans have
changed, and if so, when you are coming to Palo Alto.

I spent theer weeks in Europe in September (had dinner with Leszek and
Ewa),
and went to Sydney as a guest of NBC. Upon return I caught a flu, and
travelled heavily congested to New York, which led to some ear
problems.Consequently I intend to stay put for several weeks, and will have
to reschedule my trip to Houston for Dec. or January. Hope to see you here
before then.
Best to all three of you.
Andrzej

-----Original Message-----
From: Vince.J.Kaminski@enron.com [mailto:Vince.J.Kaminski@enron.com]
Sent: Friday, August 18, 2000 6:23 AM
To: Lubowski, Andrzej
Cc: Vince.J.Kaminski@enron.com
Subject: Re: FW: Citi, Wells, Enron, S1 and i2 form a B2B venture

Andrzej,

Thanks. Please, send me the information about the dates
when you plan to visit Houston. Also, the information about
your position/title/responsibilities (as well as the info
about the other members of your team) would be useful.

I shall be in the Bay Area  between the 10th and the 20th of October.

Hope to see your then.

Wicek


Hi,

	My name is Iris Mack.  Currently I work on Enron's Power Options Trading desk.

	I am primarily responsible for building our business in long-term, derivatives structures/trades on multiple commodities and financials.  For example, we are exploring potential structures and trades which involve power, gas, crude oil, weather derivatives, metals, etc.  Some of the building blocks for these multi-commodity derivatives products may be found in the attached document.

 	We are looking to build this business via utilizing as many of Enron's internal resources as possible.  Hence, it would be most helpful to meet with the relevant individuals in Gas Trading who would be interested in the development of multi-commodity derivatives trades/structures which may used to develop customized risk management tools for our clients.

	Thank you in advance for your assistance.

Kind regards,
Iris Mack, MBA/PhD
Enron Power Options Trading Desk


Mark,

Could you call Leonardo or myself to update us on any changes in the review
of the appropriate countries?

Thanks,

Dave
---------------------- Forwarded by David Forster/Corp/Enron on 08/28/2000
03:42 PM ---------------------------

Leonardo Pacheco
08/24/2000 05:29 PM
To: Louise Kitchen/HOU/ECT@ECT
cc: David Forster/Corp/Enron@Enron

Subject: New Products & Markets Status Report 8/24/00

Attached please find the "New Products & Markets Status Report" for August
24th.

Let me know if you have any questions.

Thanks!

Leonardo Pacheco


Preliminary Summary Sheets were handed out yesterday afternoon for your
review.  If needed, the OA group will be more than happy to reclassify
variances(provided data such as forms, FRED's, etc. were provided by April
30th) to the correct functional group until Thursday, May 3.

Due to issues which have arisen in the past regarding reclassifying variances
the day before, or, in some cases, the day of the OA meeting, guidelines are
being set to avoid the confusion of having multiple copies of the Summary
Sheets handed out during the monthly meeting.  The final OA packet will be
delivered on Friday, May 4.  If there are any questions, please feel free to
call me @ 3-3954.  Thank you.

John


----- Forwarded by Dan J Hyvl/HOU/ECT on 05/18/2001 11:33 AM -----

	Becky Spencer
	05/18/2001 10:39 AM

		 To: Kimberlee A Bennick/HOU/ECT@ECT, Dan J Hyvl/HOU/ECT@ECT
		 cc:
		 Subject: Not Thinking Ahead

Read the text before looking at the picture.

A class of elementary students started a class project to
make a planter to take home and wanted to have a plant in
it that was easy to take care of, so it was decided to use
cactus plants. The students were given greenware pottery
of a clown planter, and they painted them with glaze and
had them professionally fired at a class outing so they
could see the process. It was  great fun.

They planted the cactus seeds in the finished planters, and
they grew nicely but unfortunately the children were not
allowed to take them home.

The cactus plants were removed and a small ivy replaced
them, and the children were then allowed to take the
planters home.

The teacher said cactus seemed like a good idea at the time....

(See attached file: pic27350.jpg)

 - pic27350.jpg


Sara, I completed review of the Bear Stearns agreement and re-reviewed the
others on Friday.  I will find you in the late afternoon to discuss after I
get out of a meeting this afternoon.

Friday was a marathon day for brokerage agreements -- we stopped the clock on
almost everything to completed JP Morgan almost from start to finish before
their lawyer went on a two week vacation.

I hope you enjoyed Florida and the wedding!

Cheryl Nelson
Senior Counsel
EB3880D
(713) 345-4693


Attached are revised staff notes that Stan uses at our Monday morning staff
meetings, for your information and reference.

Cindy


Following please find the New EnronOnline Executive Summary.

EnronOnline Executive Summary for 10/12/00
Transaction Summary
External Transactions Today	3,418
Average Daily External Transactions (30 day Trailing Avg)	2,570
Total Life to Date Transactions*	355,048

EnronOnline Percentage of Entity's Total Transactions for 	10/12/00
Enron North America	75%
Enron Europe Limited	40%
GLOBAL PRODUCTS	33%
Enron Metals	6%

EnronOnline Percentage of Total Corporate Transactions
(30 day Trailing Avg)	43%

Gross Notional Value of EnronOnline Transactions	Total
Today	2,986,180,016
MTD	17,650,904,158
LTD	186,344,049,755
Average Daily Notional Value (30 Day Trailing Avg)	1,718,050,595

Notional Revenue from Physical Flows to Date	13,058,584,351

Counterparties, Users, and Products Offered
Counterparties having transacted to date	509
New Counterparties transacting for the first time today	2
Number of Products Offered Today	1,194
Total Number of External Users Logged on Today	2,662
Average # of External Users logged on (30 day Trailing Avg)	2,471


Daily Blessing
http://www.daily-blessings.com/bless148.htm

Accident
http://www.daily-blessings.com/humor56.htm

Are you working on crafts or gifts for Christmas?  One of my favorite offline
stores for craft and homemade gift supplies is JoAnn's.  And now they offer
an online store that I can shop right from home!!  And they have a great
promotional offer that you should definitely take advantage of...check it out
at the link below

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

Are you looking for a gift for someone who has everything?  or at least a
cell phone?  Did you know that cell phones give off harmful radiation?  These
folks offer a way to make your mobile phone safer to use.  Buy one for
yourself...and put them on your list for a gift this gift giving season!

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

Hundred's of you have taken advantage of the free download available for the
Work From Home folks.  If you haven't checked it out yet...you should!!

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

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

OR...

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

This message was sent to address judy.hernandez@enron.com
X-PMG-Recipient: judy.hernandez@enron.com
<<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>> <<<>>>


Green

Dale Neuner on 12/17/99 09:49:14 AM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Mine are in BLUE; please revert.

To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

My comments are marked below in red.

Dale Neuner on 12/15/99 03:35:59 PM
To: Mark Taylor/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Please approve or offer comments:

---------------------- Forwarded by Dale Neuner/HOU/ECT on 12/15/99 03:35 PM
---------------------------

Marcello Romano
12/15/99 02:53 PM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Re: Proposed new Index

Looks fine - we need to get authorisation now.

M

Dale Neuner on 12/15/99 01:48:29 PM
To: David Forster/LON/ECT@ECT, Marcello Romano/LON/ECT@ECT
cc: Elsa Villarreal/HOU/ECT@ECT

Subject: Proposed new Index

Index:  Gas Daily WAHA
Abbreviation: Waha
Sort Code: 3530

The Index for a calendar day shall be the average of the Daily Midpoint
prices published for such calendar day under the heading "Daily Price Survey"
in the Permian Basin Area: Tex intras, Waha area section of Gas Daily, or if
a calendar day is not a Business Day then the price for such calendar day
will be the average of the Common High and Common Low prices published on the
next succeeding Business Day.

Should the word "area" after "Waha" be capitalized? It's not capitalized in
the Gas Daily publication - so to consistent with the publication I did not
capitalize.
On some Gas Daily products we are switching to the Gas Daily posted average -
is this one of those?  Bob Bowen has been looking into this also. See above.


ignore the note below to dan--it does not to apply to you!  scan pretty far
down for answers.
 glad we got to see carlos this weekend.  have a good week
karen
-----Original Message-----
From: Kent & Karen Pope <kwpope@pdq.net>
To: Dan Kessler <Dan@vcrhouston.com>
Date: Friday, May 11, 2001 9:08 AM
Subject: Re: Answers

>that's how you smart people are, always questioning authority.  I didn't
>write the damn answers, so suck it up and just bask in the knowledge that
>your are probably right, as usual.
>out
>-----Original Message-----
>From: Dan Kessler <Dan@vcrhouston.com>
>To: Kent & Karen Pope <kwpope@pdq.net>
>Date: Thursday, May 10, 2001 4:11 PM
>Subject: RE: Answers
>
>
>Thanks, but I think I have some problems with a couple of these.  For
>example:
>
>#2.  Does a glacier not move backwards?  Are there not famous glaciers
>in Alaska?  Is Alaska not in North America?
>
>#4.  What about cricket?
>
>#10.  What about a balk?
>
>Dan Kessler
>Voter Consumer Research
>281-893-1010
>
>
>-----Original Message-----
>From: Kent & Karen Pope [mailto:kwpope@pdq.net]
>Sent: Thursday, May 10, 2001 3:34 PM
>To: Dan Kessler
>Subject: Fw: Answers
>
>
>
>-----Original Message-----
>From: Watsky, Elizabeth <Elizabeth.Watsky@bakeratlas.com>
>To: 'Kent & Karen Pope' <kwpope@pdq.net>
>Date: Thursday, May 10, 2001 6:33 AM
>Subject: Answers
>
>
>>Oops...forgot to attach them on the last email.  Here are the
>>answers.........
>>
>>> (1) There's one "sport" in which neither the spectators nor the
>>> participants know the score or the leader until the contest
>>> ends. What is it?
>>
>>Boxing.
>>
>>> (2) What famous North American landmark is constantly moving
>>> backward?
>>
>>Niagara Falls. The rim is worn down about 2 and a half feet each year
>>because of the millions of gallons of water that rush over it every
>>minute.
>>
>>> (3) Of all vegetables, only two can live to produce on their own for
>>> several growing seasons. All other vegetables must be replanted
>>> every year. What are the only two perennial vegetables?
>>
>>Asparagus and rhubarb.
>>
>>> (4) Name the only sport in which the ball is always in possession of
>>> the team on defense, and the offensive team can score without
>>> touching the ball?
>>
>>Baseball.
>>
>>> (5) What fruit has its seeds on the outside?
>>
>>The strawberry.
>>
>>> (6) In many liquor stores, you can buy pear brandy, with a real pear
>>> inside the bottle. The pear is whole and ripe, and the bottle is
>>> genuine; it hasn't been cut in any way. How did the pear get inside
>>> the bottle?
>>
>>The pear grew inside the bottle. The bottles are placed over pear buds
>>when they are small and are wired in place on the tree. The bottle is
>>left in place for the whole growing season. When the pears are ripe,
>>they are snipped off at the stems.
>>
>>> (7) Only three words in standard English begin with the letters
>>> "dw."  They are all common. Name two of them.
>>
>>Dwarf, dwell, and dwindle.
>>
>>> (8) There are fourteen punctuation marks in English grammar. Can you
>>> name half of them?
>>
>>Period, comma, colon, semicolon, dash, hyphen, apostrophe, question
>>mark, exclamation point, quotation marks, brackets, parenthesis,
>>braces, and ellipses.
>>
>>> (9) Where are the lakes that are referred to in the "Los Angeles
>>> Lakers?"
>>
>>In Minnesota. The team was originally known as the Minneapolis Lakers
>>and kept the name when they moved west.
>>
>>> (10) There are seven ways a baseball player can legally reach first
>>> base without getting a hit. Taking a base on balls-a walk-is one
>>> way. Name the other six.
>>
>>Batter hit by a pitch; passed ball; catcher interference; catcher
>>drops third strike; fielder's choice; and being designated as a pinch
>>runner.
>>
>>> (11) It's the only vegetable or fruit that is never sold frozen,
>>> canned, processed, cooked, or in any other form but fresh. What is
>>> it?
>>
>>Lettuce.
>>
>>> (12) Name six or more things that you can wear on your feet that
>>> begin with the letter "S".
>>
>>Shoes, socks, sandals, sneakers, slippers, skis, snowshoes,
>>stockings.
>>
>>-----Original Message-----
>>From: Kent & Karen Pope [mailto:kwpope@pdq.net]
>>Sent: Wednesday, May 09, 2001 10:06 PM
>>To: Watsky, Elizabeth
>>Subject: Re: Know-it-all quiz
>>
>>
>>ok, so where be the answers.  i hate quizzes without answers.
>>kk
>>-----Original Message-----
>>From: Watsky, Elizabeth <Elizabeth.Watsky@bakeratlas.com>
>>To: 'yvette_sepulveda@foleys.com' <yvette_sepulveda@foleys.com>;
>>'emn@eepb.com' <emn@eepb.com>; 'kwpope@pdq.net' <kwpope@pdq.net>
>>Date: Tuesday, May 08, 2001 9:50 AM
>>Subject: FW: Know-it-all quiz
>>
>>
>>>Check out your knowledge...
>>>
>>>> -----Original Message-----
>>>> From: Young, Melissa [mailto:MSYoung@tmh.tmc.edu]
>>>> Sent: Monday, May 07, 2001 1:57 PM
>>>> To: 'Cheri Thomas'; 'Dad'; 'Elizabeth - work'; 'Stephen-Home'
>>>> Subject: FW: Know-it-all quiz
>>>>
>>>>
>>>> A QUIZ FOR PEOPLE WHO KNOW EVERYTHING
>>>>
>>>> (1) There's one "sport" in which neither the spectators nor the
>>>> participants
>>>> know the score or the leader until the contest ends. What is it?
>>>>
>>>> (2) What famous North American landmark is constantly moving
>backward?
>>>>
>>>> (3) Of all vegetables, only two can live to produce on their own for
>>>> several
>>>> growing seasons. All other vegetables must be replanted every year.
>What
>>>> are
>>>> the only two perennial vegetables?
>>>>
>>>> (4) Name the only sport in which the ball is always in possession of
>the
>>>> team on defense, and the offensive team can score without touching
>the
>>>> ball?
>>>>
>>>> (5) What fruit has its seeds on the outside?
>>>>
>>>> (6) In many liquor stores, you can buy pear brandy, with a real pear
>>>> inside
>>>> the bottle. The pear is whole and ripe, and the bottle is genuine;
>it
>>>> hasn't
>>>> been cut in any way. How did the pear get inside the bottle?
>>>>
>>>> (7) Only three words in standard English begin with the letters
>"dw."
>>>> They
>>>> are all common. Name two of them.
>>>>
>>>> (8) There are fourteen punctuation marks in English grammar. Can you
>name
>>>> half of them?
>>>>
>>>> (9) Where are the lakes that are referred to in the "Los Angeles
>Lakers?"
>>>>
>>>> (10) There are seven ways a baseball player can legally reach first
>base
>>>> without getting a hit. Taking a base on balls-a walk-is one way.
>Name
>>the
>>>> other six.
>>>>
>>>> (11) It's the only vegetable or fruit that is never sold frozen,
>canned,
>>>> processed, cooked, or in any other form but fresh. What is it?
>>>>
>>>> (12) Name six or more things that you can wear on your feet that
>begin
>>>> with
>>>> the letter "S".
>
>
>


-----Original Message-----
From:  Seigle, Clayton
Sent: 31 May 2001 09:57
To: Shankman, Jeffrey A.; Nowlan Jr., John L.; Schroeder Jr., Don; White,
Bill; Wilson, John L.; Danaher, Patrick; Fuller, Robert; Goughary, Jim;
Mulholland, Sarah; Mahoney, Chris; Thomas, John Buckner; Koller, Ross;
Hickerson, Gary; Bradley, Michael W.; Scott, Eric; Maffett, Randal; Spencer,
John; Slovenski, Richard; De La Ossa, Mario; Berkeland, Bill; Jackson, Lee
Cc: Tholan, Scott; Johnston, Robert
Subject: Iraq Update
Sensitivity: Private

As expected, it looks like the US and UK have accepted the fact that the
sanctions cannot be restructured before the June 3 deadline.  We still expect
the UN to extend the oil-for-food program for six months, meaning little to
no Iraqi disruptions in June.

However:  sources close to the UN report that Washington and London are still
pushing hard for a shorter extension (1-2 months) of the program.  If they
get their way on this issue, expect the Iraqis to say some bullish things in
response (like they will not participate in the next phase of the
oil-for-food program).  This might not be immediately bullish for WTI, but
would set the stage for support as the market anticipates the end of the
short extension a month or two down the road.


Fred,

I spoke w/Karry this morning on this issue and it appears as if this gas will
be purchased by HPLC as wellhead.

I'm waiting for Karry to phone me back, after he's spoken w/Legal, before I
give you a concrete answer.

Thanks
-Jackie-
3-9497
---------------------- Forwarded by Jackie Young/HOU/ECT on 04/13/2000 01:31
PM ---------------------------

Fred Boas
04/11/2000 10:29 AM
To: Jackie Young/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT
Subject: February and March 2000 Meter 5688

Jackie:

Meter 5688 is incorrectly scheduled to the HPL Liquids contract
012-41970-02-002 in March 2000.  Also last month when you were out, Robert
removed the volume from the Liquids contract at this meter and temporarily
put it on a Strangers Gas contract.  If you could fix both months today and
let me know when it is corrected  I would appreciate it.

Thanks,

Fred

Fred Boas
02/16/2000 04:35 PM
To: Jackie Young/HOU/ECT@ECT
cc: Howard B Camp/HOU/ECT@ECT, Robert E Lloyd/HOU/ECT@ECT, Anita
Luong/HOU/ECT@ECT
Subject: 1/2000 Meters 5688 & 5801

Jackie:

I am new at the 3 Rivers allocation so bear with me, I took this over from
Anita Luong.  In January 2000, and going forward, please make sure that
Meters 5688 and 5801 are not scheduled on the HPL Liquids contract
012-41970-02-002.  The contract is currently out of balance by the total
volume at these two meters so if you could fix this by early tomorrow morning
I would appreciate it.

Thanks,

Fred


---------------------- Forwarded by Sean Boyle/Corp/Enron on 11/21/2000 12:22
PM ---------------------------

John Hodge
11/21/2000 08:13 AM
To: Mark Breese/HOU/ECT@ECT
cc: Scott Neal/HOU/ECT@ECT, Sean Boyle/Corp/Enron@ENRON, Robin
Barbe/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT, Judy
Townsend/HOU/ECT@ECT

Subject: Columbia Homestead Expansion

Columbia is taking expressions of interest in a project they are calling the
Homestead expansion for firm (or possibly off-peak or seasonal firm)
transportation into Operating Areas 1 and 10.  The open season will end on
1/19/01.  The project could include Columbia working with another pipeline in
the region, such as Transco to deliver more volumes using Transco's South
Virginia lateral or CNG to deliver more volumes on the PL-1 line.  The
project could include expanding Columbia's own line into Market Areas 33 and
34 through looping or added compression.  Columbia is also considering
building a line away from Loudoun, where LNG volumes will be delivered from
the Cove Point pipeline, to power projects in Loudoun or Fauquier Counties in
Virginia.  Columbia has also considered an idea in the past to build a line
from the Cove Point terminal to BG&E through Calvert and Anne Arundel
Counties.  Columbia indicated that they have talked with Bill Fox of
VNG/ALG.  Columbia would like to talk with us concerning VNG, Hopewell or any
other needs that we might have.

	Enron Capital Management

	From:  Mark Breese @ ECT                           11/20/2000 10:29 AM

To: John Hodge/Corp/Enron@ENRON
cc:

Subject:

Can you find out about columbia's Homestead expansion?  RE:  its
applicability to VNG


I have sold Frontera a financial swap for $28.50 for hours ending 7-12.    The first 3 hours are for size (300 mw's).
I would buy hours 7-9 tomorrow for up to $20.      I could buy up to the 300 mw's.     Schedule this to load in the North.
I could also use 200 mw's for he 10 and 150 mw's for he 11.

Calpine has had an offer recently for hours ending 7-9.

If you have questions,  please give me a call,  as this is a very important issue.

Words of advice:

Dont go into the market with a $20 bid for 300 mw's.   Quietly accumulate these mw's if possible.     Do not tip your hand on this deal,  as that would contribute to spiking RT prices.

Thanks,
JMF


My feeling is we stand by our confirmation - what do you think?
----- Forwarded by Mark Taylor/HOU/ECT on 12/12/2000 07:02 PM -----

	Jeffrey T Hodge
	12/12/2000 04:45 PM

		 To: Mark Taylor/HOU/ECT@ECT
		 cc: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT, William
Kelly/HOU/ECT@ECT
		 Subject: Conectiv / Delmarva

Mark:

This falls into your area.  I have spoke to William Kelly and advised that I
am forwarding it to you.

Thanks,

Jeff
----- Forwarded by Jeffrey T Hodge/HOU/ECT on 12/12/2000 04:43 PM -----

	William Kelly
	12/12/2000 04:20 PM

		 To: Jeffrey T Hodge/HOU/ECT@ECT
		 cc: Scott Neal/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT
		 Subject: Conectiv / Delmarva

On January 14, 2000, we transacted with Conective via NatSource for a Nov '00
- March '01 basis swap @ Transco Z6.  Our ticket/booking/confirmation
indicates we bought the swap.  The broker confirm indicates we sold the
swap.  Our confirm to the counterparty was executed as Enron buying by their
operations manager, Joseph Glace.  The counterparty is contending that the
broker confirm is correct.  Trading contends our confirm is correct and
binding.  How should we proceed?  The value of the position is roughly $3MM
of revenue.

Thanks,

WK


A heads up for you gas folks that Enron will be on ComEd's side against Dynegy on this power issue at
FERC, since EES designates Firm LD contracts as sources on ComEd's network transmission system (Dynegy wants ComEd to only allow "capacity" contracts to be used).  We plan to file the Enron response on Friday.

 -----Original Message-----
From: 	Nicolay, Christi L.
Sent:	Wednesday, October 24, 2001 8:58 AM
To:	Lindberg, Susan; Herndon, Rogers; Misra, Narsimha; Sharfman, Guy; Sager, Elizabeth; Murphy, Harlan; Steffes, James D.; Migden, Janine; Forster, David; Baughman Jr., Don; Stroup, Kerry; Roan, Michael; Kingerski, Harry; Shapiro, Richard; Novosel, Sarah; Fulton, Donna; Presto, Kevin M.; Sturm, Fletcher J.
Subject:	Dynegy v. ComEd update

Susan and I will circulate a draft response against Dynegy's position later today.  ComEd plans to file a lengthy answer disputing Dynegy stating that there are no transmission problems due to the use of the firm LD resources and that FERC precedent does not support a capacity payment requirement.

Enron will respond similarly and include an argument that Dynegy is actually trying to create an "icap/capacity" requirement where there is none (Dynegy's pleading states "ComEd's failure to enforce the network designation provisions of its OATT also deprives Dynegy of capacity payments to which it is entitled.)  We will also include statements that the continuation of the network v. PTP transmission tariffs perpetuates these types of issues and the market/tariff design that we advocate should be approved to stop these problems.

 -----Original Message-----
From: 	Lindberg, Susan
Sent:	Saturday, October 20, 2001 5:20 PM
To:	Nicolay, Christi L.; Herndon, Rogers; Misra, Narsimha; Sharfman, Guy; Sager, Elizabeth; Murphy, Harlan; Steffes, James D.; Migden, Janine; Forster, David; Baughman Jr., Don; Stroup, Kerry; Roan, Michael; Kingerski, Harry
Subject:	Dynegy vs. ComEd (EL02-6) -- further info

As I mentioned in my previous e-mail, on October 17 Dynegy filed a complaint against ComEd.  This proceeding may be of particular interest to Enron given EES's plans to offer physical delivery in Illinois in early 2002.  I've outlined Dynegy's principal arguments below.  Dynegy requested fast-track processing, so any intervention and comments we file are due Friday, Oct. 26.  In order to file a timely intervention (and meaningful comments, if we decide to comment), I need to know your thoughts on this as soon as possible.  Elizabeth and Harlan, I'm copying you because I would especially like to know what you think of Dynegy's characterization of the Firm LD product.

Main argument:
Dynegy challenges ComEd's published Business Practice that allows "marketer firm" (Firm LD) contracts to be designated as Network Resources.  Dynegy argues that this practice conflicts with the OATT provisions that 1) Network Resources are generation "owned, purchased or leased by the Network Customer designated to serve Network Load," and 2) a Network Customer "must demonstrate that it owns or has committed to purchase generation pursuant to an executed contract" in order to designate a Network Resource.

Dynegy's theory on why Firm LD should not be a Network Resource:

	- permits designation of network resources that are committed for sale to others, creating reliability problems
	- Firm LD under the EEI contract is not capacity-backed, nor is it a commitment to purchase generation
	- allows transmission customers to get the advantage of generation capacity without actually paying the cost of that capacity
	- since retail providers are allowed to rely on "over-the-counter" firm instead of securing long-term contracts, adequate reserves are not being carried to serve retail load

Dynegy claims that ComEd's practice has deprived DMG of payments for capacity and the ability to earn revenues for capacity properly designated as network resources.  It cites specific instances in which ComEd has accepted transmission reservation requests from New Energy and Cilco in which these parties designated Illinois Power as a network resource, when only a Firm LD contracts were in place with IP.

Susan Lindberg
713.853.0596


Bob -

Consistent with our meeting yesterday with Amerex, I have made revisions to
the BETA and attached a version marked with the changes.  The version
attached also reflects changes made to the base BETA agreement which I have
provided to Mark T., which, with the exception of one item, has been
approved.  I have also attached a copy of the marked base BETA agreement for
your reference.

As we discussed with Amerex, the changes to the BETA will be reflected in a
side agreement and not within the actual BETA document.

Please let me know if you should have any additional comments or questions.
I will be leaving the office at 11:30 for a lunch appointment and will be
back by 1:00.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


You need:

a gortex coat certified to -40 degrees
a black ski-mask
pantyhose in a dark color
sleeping bag
sombrero
sunglasses or ski-goggles
tights with matching tutu
long underwear (both upper and lower portion)
clogs for those rockin' and rollin' swedish parties
Ski gloves and maybe another set of goof around gloves.
Swim suit cuz our place has a hot tub.
warm hat like they wore in the movie 'Fargo'
And plenty of protection if you know what I mean.

I think this is a pretty comprehensive list.  Let me know if you have any
questions.

-----Original Message-----
From: Jason.Wolfe@enron.com [mailto:Jason.Wolfe@enron.com]
Sent: Thursday, March 01, 2001 4:02 PM
To: Capron, Lane
Subject: RE: FW: Your March Vacation

WHy don't you do that.


Ben and Jinsung,

We have not had time to pass this information by the traders.  If we resolve
the issues regarding location, unit contingency, etc., we can get a better
number from the traders.  For now, these are indicative prices only.  Once we
understand the deal better, we can talk to the traders and get a firmer
price.  Also, Jim Fallon has requested that his traders receive a term sheet
prior to agreeing to a price.

Here is the information you requested, based on the assumptions sent in the
e-mail below:

Further assumptions:
180 MW
Priced at PJM East hub, no cost is added for any transmission
Must be called in 16 hour blocks
Total start costs: $1200 per start ($300 per turbine)
No escalation in VOM
95% availability

3 year capacity:  $3.80 kw/mo
5 year capacity:  $3.74 kw/mo

---------------------- Forwarded by Claire Broido/HOU/ECT on 02/23/2000 12:10
PM ---------------------------

Benjamin Rogers
02/23/2000 09:13 AM
To: Claire Broido/HOU/ECT@ECT, Jinsung Myung/Corp/Enron@Enron
cc: Thomas M Suffield/Corp/Enron@Enron
Subject:

Claire:
Here is the information for the Calpine project that we talked about
yesterday and that Jim Simpson sent you the e-mail about.

Hypothetical 4 LM 6000 Peaking Project in Eastern PJM
VOM:  $2.23
H.R. 10,5000
Gas Curve: Transco Zone 6
Power Curve: East Hub Curve in PJM
Commercial Operations Date: 6/1/01

We are looking for a 3 and 5 year capacity number ($/kw-mo.) one number for
each time period.  Please let me know if you need any more information
regarding the project.  Thanks for your help.
Ben


my timing is perfect, i was just curious if you drove,i think im going home tonight but im not sure, i cant fix my ny plan because you have your lsats

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:27 AM
To:	Maggi, Mike
Subject:	RE:

no.  so, i'm sitting here talking to kori on pins and needles wondering if she is going to say anything to me and guess who's e-mail pops up?  hmm  don't whatever me!  why did you ask if I drove today?  are you going home tonight?  so did you fix the holes in your ny plan?  i can tell that you are going to be boring today and i don't like it!

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:19 AM
To:	Nelson, Michelle
Subject:	RE:

whatever, did you drive today

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:17 AM
To:	Maggi, Mike
Subject:	RE:

fine goodbye mr. boring sir

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Monday, November 26, 2001 9:16 AM
To:	Nelson, Michelle
Subject:	RE:

im sorry its actually really busy right now

 -----Original Message-----
From: 	Nelson, Michelle
Sent:	Monday, November 26, 2001 9:10 AM
To:	Maggi, Mike
Subject:

are you going to be boring today?


Gerald,

Can I get a standard CA put together for the following company:

Kinder Morgan CO2 Company, L.P.
500 Dallas
Suite 1100
Houston, TX  77002

The topic would be related to "certain compression assets in the SACROC Unit in Scurry County, TX."  I would like to get something to them ASAP, but no later than Monday as we are trying to meet with them on Friday morning next week.  Let me know if you have any questions.

Thanks,
Chris


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude07.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas07.pdf
Distillate     http://www.carrfut.com/research/Energy1/hoil07.pdf
Unleaded     http://www.carrfut.com/research/Energy1/unlded07.pdf

Feb. WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clg-qog.pdf
Feb Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Feb Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Feb Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hug-hog.pdf
June Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUM-HOM.pdf
March Gas/Heat Spread
http://www.carrfut.com/research/Energy1/HUH-HOH.pdf
Feb/May Unlead Spread
http://www.carrfut.com/research/Energy1/HUG-HUK.pdf
Feb/July Crude oil Spread
http://www.carrfut.com/research/Energy1/CLG-CLN.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG07.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG07.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL07.pdf


I tried logging in to corp, but it failed because it prompted for new
hardware - a 3COM card?  Should I get a phone number of one of the
technicians, so that I may call them from my house when I try to log in.

Also, the guys set up a hub for my desktop and laptop.  How do I have the
laptop share the printer (which is connected to my desktop)?  Do I use
Network Neighborhood?

Thanks,
Mike


Louise and Marcus,

We're still in the waiting period with the green card process.

I confirmed that Louise can elect to participate in the domestic health plan. This will allow participation in the prescription drug program and a network option with co-payments, rather than turning in all receipts for reimbursement.  As we discussed, you do not want any changes until after the baby is born.  Let me know when you would like to get together to discuss the advantages/disadvantages of switching to the domestic plan.

PwC sent over a draft of their deferred compensation scheme today.  I have forwarded to the compensation team for review and comment.

Try to send over a copy of Louise's new social security card this week.  Also, we would like to follow up on your unreimbursed medical claims.

Regards,


I (PSCO TP & CA) agree with Don.  I thought we were trying to get away from
time changes !

> -----Original Message-----
> From:	Lacen, Don [SMTP:DLACEN@pnm.com]
> Sent:	Thursday, October 11, 2001 7:01 AM
> To:	Interchange Scheduling & Accounting Subcommittee (ISAS)
> Subject:	RE: Scheduling Time constant
>
> Since PPT changes twice a year and it does not resolve this scheduling
> problem, where PST would!  I recommend (PNM-CA/TP) we drop this issue
> until we can agree on a constant time zone standard (which we will never
> agree on).
>
> Don Lacen
> Public Service Company of New Mexico
> Transmission Services Coordinator
> Alvarado Square, MS EP11
> Albuquerque, NM, 87158
> 505-241-2032
> dlacen@pnm.com
>
>
> -----Original Message-----
> From: Franz, Marilyn [ <mailto:MFranz@SPPC.com>]
> Sent: Wednesday, October 10, 2001 2:43 PM
> To: Interchange Scheduling & Accounting Subcommittee (ISAS)
> Subject: RE: Scheduling Time constant
>
>
> SPPC Transmission would like to go forward with PPT as a common scheduling
>
> time for the same reasons the expressed by WMIC.
>
> Also, attached are the minutes for the Vancouver meeting.
>
> Thanks,
> Marilyn Franz
> Sierra Pacific Power Transmission
> 775-834-4322
>
> -----Original Message-----
> From: Hackney, Mark W(Z39911) [ <mailto:Mark.Hackney@aps.com>]
> Sent: Wednesday, October 10, 2001 11:01 AM
> To: Interchange Scheduling & Accounting Subcommittee (ISAS)
> Subject: Scheduling Time constant
>
>
> It's been brought to my attention that we never resolved the issue of the
> common scheduling time (no Freudian slip on the acronym).  The group
> agreed
> to a PST value in July, but we wanted to survey the OC and WMIC first
> before
> going further.  That was to be one of our topic in Vancouver.  Well....
>
> So, I'd like to get a feel from the group: the survey leaned toward
> Pacific
> Prevailing Time as that match up with energy products, so.. continue to go
>
> forward with PST as in July, modify our suggestion to PPT or drop all
> together and wait to see if NERC is going to come up with something.  If
> we
> decide to go with either PST or PPT, I will get the OC Steering to help
> with
> clarification on this as a due process item or an item that can be brought
>
> to the OC for vote in 2002.  In addition, I would think that most would
> agree that implementation if it takes affect would be favorable at the
> April
> 2002 time change, so that is my suggestion that we use, if ISAS goes
> forward
> with the request to the OC.
>
> Please get back with your thought by next Wednesday so I can put together
> something for the upcoming OC meetings.
>
> Mark W. Hackney
> Section Leader
> Pre and Real-time Transmission Scheduling
> APS OATT Administration
> Arizona Public Service Company
> 602.250.1128 - Office
> 602.908.1423 - Cell
> 602.250.1155 - Fax
> <mailto:Mark.Hackney@aps.com>
> _________________________________________________________________
> Click to add my contact info to your organizer:
> <http://my.infotriever.com/cc2tf0ey>
>


PLEASE SEE ATTACHED PRESS RELEASE FROM SENATOR  DIANNE FEINSTEIN!

D.J. Smith
President
Smith, Kempton & Watts
980  Ninth Street, Suite 1560
Sacramento, CA  95814
(916)446-5508
(916)446-1499  Fax
djsmith@s-k-w.com

 - Press Release.htm


As mentioned in my previous message, another one of the presentations that I
attempted to send to you earlier is attached below.


Please give me a sign off if this is OK.  Thanks DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 12/22/99 03:24
PM ---------------------------

Christine Stokes
12/22/99 08:33 AM
To: Steven Harris/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Lorraine
Lindberg/ET&S/Enron@ENRON
cc:

Subject: Transwestern Contract Approval Request

TRANSWESTERN CONTRACT APPROVAL REQUEST

Please review the provided non-standard discount letter for Duke Energy
Trading & Marketing.   Duke's 18,000 Dth/d Ignacio to Blanco contract has a
one year term and a seasonal based 1-part rate structure.  Transportation on
an alternate basis is provided for on a south to north flow direction at an
incremental $.01 charge based upon actual utilization of the described path.

Please provide an indication of approval via REPLY WITH HISTORY.  If any
questions arise, please contact me at x35702.


Power Trading will need about 6 seats.

 -----Original Message-----
From: 	McCulloch, Angela
Sent:	Monday, August 13, 2001 9:54 AM
To:	Milnthorp, Rob; Davies, Derek; Le Dain, Eric; Zufferli, John; Hedstrom, Peggy
Subject:	Stampede Rodeo for 2002 - Important, Tickets go on sale Monday

July 7th - 16th are the dates for 2002 Stampede

Tickets for the 2002 Stampede Rodeo go on sale Monday, August 20 through Ticket Master.  I am enquiring how may tickets we would like.  Eric talked about possibly sitting in the Infield seats for our customer event or renting a suite.  Suites will not be determined until the beginning of 2002 once the major corporate sponsors have decided on if they wish to lease the suite for the day.  If you could please try to get back to me by Wednesday with ticket numbers.  I will order tickets on Monday when Ticket Master opens.

Infield apx $55
Regular Rodeo Seating apx $32

Suite cost about -
Super Suite - 2001 prices
Rodeo Only includes 50 suite tickets for Afternoon Rodeo only
July 6-13	$13,520
July 14-15	$14,870
Chuckwagons Only includes 50 suite tickets for Chuckwagon Races only
July 6-13	$6,760
July 14-15	$7,435

Thanks for your request for information on the Calgary Stampede's Infield
Suites.  The Stampede's inventory of Infield Suites for the entire 10 days
of Stampede are held by our major corporate sponsors who have licensed the
suites as part of long-term contracts.

Each year, however, a very limited inventory of suites are offered back to
us from some of our 10-day suiteholders in "whole-day packages" -- what that
means is we receive back both the rodeo performance and chuckwagon race
performance to be sold as a package.

This "return" of suite dates does not traditionally occur until the new
year, when the companies begin to firm up their plans for the upcoming
Stampede.  Until then we maintain a waiting list of companies wishing to
lease suites for a single day or days.

To be added to the wait list, I require a request in writing with all
company details and preferred dates for Infield Suite use.

Please let me know if you have any other questions, I would be happy to
assist.

Ken Knight
Premium Seating Manager
Calgary Stampede
Infield Suites & Ranahans
Phone: (403) 261-0423   Fax: (403) 264-0299
kknight@calgarystampede.com

Angela McCulloch
Enron Canada Corp.
Phone: (403) 974-6738
     Fax: (403) 974-6991


I am pleased to announce that Sabrae Zajac will be joining the Texas Desk
Logistics group next week, April 10th.
She joins us from the ENA offsystem settlements group and previously from
Koch Industries.  She can be reached
at ext. 36381.   Thanks,  Pat


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 03/20/2001 12:59 PM -----

	"Yaish, Yair (OGC)" <YYaish@exchange.ml.com>
	03/19/2001 01:59 PM

		 To: "'kpolozie@mwe.com'" <kpolozie@mwe.com>, "Yaish, Yair (OGC)"
<YYaish@exchange.ml.com>, Janice.R.Moore@enron.com, sshackl@enron.com,
TeiglandL@sullcrom.com, gilbergd@sullcrom.com, "McMurray, Locke (OGC)"
<LMcMurray@exchange.ml.com>
		 cc: ppantano@mwe.com, rpaul@mwe.com, darezina@mwe.com
		 Subject: RE: Transfer and Assumption Agreement.

Attached are my comments to the transfer agt.  I think it makes sense to
attach the form of each side letter to the agreement for clarity.

I have just gotten off the phone with Lauren and Ken Blasko.  There were
minor comments to LOC Facility that have been faxed to ABN Amro.  We expect
that ABN Amro will execute the LOC shortly as soon as they pick up the fax.

The LOC will be sent to Lauren.  If there are no further commetns to the
various contracts, we shoudl be prepaerd to exchange signature pages upon
conclusion of the LOC Facility.  Lauren will send the LOC together with the
Side Letters to Enron and Kate.

Lauren is the ALlegheny point person.  Pls direct all correspondence to her.
Locke, should signature pages be sent to you as well as to Kate?

Janice and Sara, to whose attention and which number should all
correspondence be directed?

Thank you all for your cooperation and help in moving this toward closing.

-----Original Message-----
From: kpolozie@mwe.com [mailto:kpolozie@mwe.com]
Sent: Monday, March 19, 2001 1:26 PM
To: YYaish@exchange.ml.com; Janice.R.Moore@enron.com; sshackl@enron.com;
TeiglandL@sullcrom.com; gilbergd@sullcrom.com; LMcMurray@exchange.ml.com
Cc: ppantano@mwe.com; rpaul@mwe.com; darezina@mwe.com
Subject: Transfer and Assumption Agreement.

Ladies and Gentlemen:

Attached please find the revised Transfer and Assumption Agreement.  Please
note
that in the interest of time I am sending this document to all parties
simultaneously, thus there may be additional comments.  For your convenience,
I
am attaching both a clean copy and a marked version showing changes from the
most recent draft you received.

Best regards,

Kate Polozie

Katarina B. Polozie
McDermott, Will & Emery
kpolozie@mwe.com
(202) 756-8130
(See attached file: WDC99_407041_1.DOC)

(See attached file: WDC99_406261_8.DOC)

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

This message is a PRIVATE communication.   If you are not the intended
recipient, please do not read, copy, or use it, and do not disclose it to
others.  Please notify the sender of the delivery error by replying to this
message, and then delete it from your system.  Thank you.
******************************************************************************
*******

For more information on McDERMOTT, WILL & EMERY please visit our website at:
http://www.mwe.com/

 - Transfer Agt -- YY comments 3.19.01.doc


Seems we missed a circulation - this wasn't the last one circulated on Friday.  I will send you the final one at 12.

 -----Original Message-----
From: 	West, Terry
Sent:	Monday, October 08, 2001 10:41 AM
To:	Kitchen, Louise
Subject:	Board presentation

Attached is the version of the presentation that was used at Friday's agenda review.

 << File: ENA.ppt >>


i think i will go with the cheaper tickets.  thanks for offering up those
tickets.  it  is going to be an expensive weekend.  how about this election?


Dr. Kenneth L. Lay
Chairman & C.E.O.
Enron Corporation

Dear Dr. Lay:

I am pleased to invite you to join my CERA colleagues and me at our 20th
annual Executive Conference, "Shooting the Rapids: Strategies and Risks for
the Energy Future" to be held February 12-16, 2001 in Houston, Texas.? This
is the premier international gathering offering senior executives new ideas,
insights and strategic thinking on the issues facing the global energy
industry.

I believe you will find the conference and related social events timely and
of considerable value.? Our focus will be on the critical implications of the
current market turmoil for energy strategies, investment, regulatory
backlash, competitive dynamics, and industry structure.? Presentations cover
all key regions and energy sectors -- oil, natural gas and power -- and their
interconnections.? The conference is the centerpiece of CERAWeek, a full week
of senior level meetings designed to foster exchange and learning, as well as
informal interaction and networking.? Last year's participants included some
1600 executives from over 57 countries.

Complete details on CERAWeek 2001 can be found at?
http://www.cera.com/cfm/track/mc.cfm?p=670&c=150? . To register, please go
directly to http://www.cera.com/cfm/track/mc.cfm?p=781&c=150? ; email
register@cera.com; or call us at 1 (800) 879-2372 ext. 800 (outside the U.S.
(617) 497-6446 ext. 800).? I hope you will join us!

Sincerely,

Daniel Yergin
Chairman, Cambridge Energy Research Associates

Should you experience problems reaching the web site using the links above,
please go to http://www.cera.com/ceraweek/
*****************************************************************
Our relationship with you is very important to us.? If you wish not to
receive future e-mail notifications, please send a reply to this message with
"DoNotEmail" as the subject of your message. (
mailto:info@cera.com?subject=DoNotEmail )? Please indicate whether you wish
to be removed from the conference list or alternatively from the list for any
future CERA notifications.

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


Mike,
 All of us working on the San Diego defense of Enron have been
attempting to watch the other class actions that we know have been filed
related to the California electricity and gas markets.  The reason is that
if there is a state court class action that is broad enough to sweep Enron
in as a doe defendant and that case is not removed, then even if we are
successful in our efforts in Hendricks and elsewhere it may all be for
nought.   The Rojoin case is somewhat different than the rest of the cases.
It was filed December 6th, but we do not whether or when it was served.  It
alleges violations of the PUC, unfair and deceptive practices, false
advertising and fraudulent concealment against ACN Energy et. al arising
from their retail sales of electricity.  In essence, plaintiffs allege in
Rojoin that they were offered electricity at 3.4 cents per KWH when in fact
the true charges to plaintiffs turned out to be about 15 cents per KWH.  One
of the allegations is that plaintiffs were not told of the "sneaky way that
the fees are recalculated."
 In short, the Rojoin complaint as written does not really address
the wholesale market other than to allege that ACN is acting to take
advantage of the "deregulated" electricity market.
 Counsel for one of the other defendants, Chris Healy, has commented
that they have concerns that this case may be the weakest in terms of
removal under a federal question.  If the defendants try to remove that case
and lose it could be harmful or undermine the basis for removal in the other
cases.  As a practical matter, Jean Frizzel, Dave Noonan, Mike Kirby and I
tend to agree with him.  As you know, we are trying to find out who is
representing ACN to see what they are planning to do.
 Since the Rojoin allegations are aimed exclusively right now at the
residential market, we thought it important to bring you up to date.  Unless
EES has a similar fact pattern to that alleged in the complaint (e.g. energy
rates charged to customers as the higher of 3.4 cents per kwh or the
difference between 3 cents and the power exchange price without revealing
what the power exchange price might be), this may be a stand alone case
where it is unlikely that EES would be brought in.
 Mike Kirby and Dave Noonan are looking at the question of whether if
the Rojoin complaint is amended, new defendants would have the ability to
seek removal then.
 Bottom line - given the unique fact pattern of the Rojoin case and
subject to your confirmation that EES does not have a similar fact pattern,
it may make sense to just let the Rojoin case alone and not attempt to
influence counsel for the defense with respect to removal and focus our
efforts on the Berg, Continental Forge and Phillip cases.
 Do you concur?

Thanks
Gary

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Mike/Vince:

Your schedule to interview Nancy Beaty for Gary Hickerson's position is
below:

Wednesday, November 1

Mike Roberts  4:30 PM  EB1938
Vince Kaminski  5:00 PM  EB1938

Shirley


The same people may be involved but there are tax savings achieved by passing
all the derivatives through RMT.

Dale Neuner on 10/05/99 10:41:31 AM
To: Mark E Taylor/HOU/ECT@ECT, Sue
Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Bailey/HOU/ECT@ECT, Casey
Evans/Corp/Enron@Enron, David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Patricia Cini/HOU/ECT@ECT
cc:
Subject: Re: Aussie Swap Confirm

Mark -

I am confused on one point:

" If the transaction you are handling is a derivative between ENA and
Australia, it should be documented as two trades: one between ENA and RMT and
the other between RMT and Australia."

It is my understanding that RMT and ENA are the same 'people'. That being the
case, if we sleeve the RMT to Australia between RMT to ENA, we really haven't
accomplished anything.

A question for you and Sue:

Should we be sleeving RMT to EPMI, a relationship for which we DO HAVE a
Master Agreement in place - if that's where we want the risk to lie.

Dale

To: Dale Neuner/HOU/ECT@ECT
cc: Elizabeth Sager/HOU/ECT@ECT, David
Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Susan Bailey/HOU/ECT@ECT, Casey
Evans/Corp/Enron@Enron, Patricia Cini/HOU/ECT@ECT, Jefferson D
Sorenson/HOU/ECT@ECT
Subject: Re: Aussie Swap Confirm

EPMI and RMT are two different corporations.  As I understand it, in North
America EPMI enters into only physical power transactions with third parties
while ENA enters into financial transactions.  RMT handles financial
transactions between wholly-owned Enron companies.  If the transaction you
are handling is a derivative between ENA and Australia, it should be
documented as two trades: one between ENA and RMT and the other between RMT
and Australia.  That's why the master agreement is between RMT and
Australia.  I don't know how the booking is handled.

Dale Neuner on 10/05/99 09:10:41 AM
To: Sue Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Mark E
Taylor/HOU/ECT@ECT, Susan Bailey/HOU/ECT@ECT, Casey Evans/Corp/Enron@Enron
cc: Patricia Cini/HOU/ECT@ECT, Jefferson D Sorenson/HOU/ECT@ECT
Subject: Re: Aussie Swap Confirm

The Enpower ticket shows our Counterparty as Enron Australia  Energy Pty
Limited. We made the leap that it's Enron Australia Finance Energy Pty
Limited, since I sent an e-mail to David Minns yesterday asking him to
anticipate the delivery of the Confirmation. David is the party who is
handling the ISDA MAster Agreement and is awaiting the Confirmation.

The ISDA MAster Agreement is between RMT (as opposed to EPMI) and Enron
Australia Finance Energy Pty Limited. If RMT and EPMI are synonomous (as are
RMT and ENA) then we're done. If they are not, then we have a booking issue
AND a Master Agreement issue.

Perhaps Susan or Mark can help.

Dale
3-9746

Sue Frusco@ENRON_DEVELOPMENT
10/05/99 08:43 AM
To: Casey Evans@ENRON_DEVELOPMENT, Dale Neuner@ENRON_DEVELOPMENT
cc: Patricia Cini@ENRON_DEVELOPMENT
Subject: Aussie Swap Confirm

I'm starting to hear rumblings that ECT-NA has the deal booked between EPMI
and Enron Australia Pty. Ltd. not Enron Australia Finance.   Who can help
remedy this?

 Sue
---------------------- Forwarded by Sue Frusco/ENRON_DEVELOPMENT on 10/05/99
08:32 AM ---------------------------

Dale Neuner@ECT on 10/04/99 03:56:34 PM
To: Casey Evans/Corp/Enron@Enron
cc: Sue Frusco/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Jefferson D
Sorenson/HOU/ECT@ECT

Subject: Swap Confirm

Casey -

Is this the 'potential trade' that we spoke about last week. If so, can I get
a copy of the deal ticket, or whatever information you have.

Dale
3-9746

---------------------- Forwarded by Dale Neuner/HOU/ECT on 10/04/99 03:49 PM
---------------------------
From: Jefferson D Sorenson on 10/04/99 08:50 AM
To: Dale Neuner/HOU/ECT@ECT
cc:
Subject: Swap Confirm

Can you look into this?  How do we find out about these deals?  Are we
comfortable with our process here?

Thanks,
Jeff
---------------------- Forwarded by Jefferson D Sorenson/HOU/ECT on 10/04/99
08:48 AM ---------------------------

Sue Frusco@ENRON_DEVELOPMENT
10/03/99 03:32 PM
To: Jefferson D Sorenson@ENRON_DEVELOPMENT
cc:
Subject: Swap Confirm

Jeff,

Enron Australia Finance did a power swap with Enron Houston (PJM index).
Are you guys going to confirm it?

 Sue


Hi All:

Here's a picture of Quinn Isabel Costello, born on Sunday January 28th in Sao
Paulo, Brasil and weighing in at 3.1 kg (@6.5 lbs) and 50 cm (@19.5 inches).

All three of us will be in the US for a visit sometime this summer (as soon
as Quinn gets her US and Brasilian passorts :), and we hope to see many of
you then.

In the meantime, please e-mail us with news about all of you in the outside
adult world -- we probably won't be getting out much for a couple of weeks...
(*Please e-mail stefanie at her new address above.)

Tchau,

Stefanie and Michael


torrey:
please set me up to trade crude.
John


Can we swap days with Charlotte and go tomorrow? We need her to pick up
Michael if we are going to go together.

ckm

"Neil Mann" <nmann@erac.com> on 05/15/2001 08:18:49 AM
Please respond to <nmann@erac.com>
To: "C. Kay Mann \(E-mail\)" <Kay.Mann@Enron.com>
cc:

Subject: Michael

Sharon's phone number is 713-780-4459. She offered the following times to
meet:

Wed 5/16 @ 5pm
Thurs 5/17 @ 9:30am
Wed 5/23 @ 10am

Her e-mail is rseals@pdq.com


Lucy,

The apartments that have new tenants since December 15th are:
1,2,8,12,13,16,20a,20b,25,32,38,39.

Are we running an apartment complex or a motel?

Please update all lease information on the 1/12 rentroll and email it to me
this afternoon.

Phillip


It is tenure at the level (eg vp or MD) not with organization.  The color
scheme looks good.

	Gina Corteselli
	12/07/2000 08:03 AM

		 To: Steven J Kean/NA/Enron@Enron
		 cc:
		 Subject: Color coding mid-year ratings

I sent before i looked at the distro of this message - so sorry, G
---------------------- Forwarded by Gina Corteselli/Corp/Enron on 12/07/2000
07:59 AM ---------------------------

	From:  Gina Corteselli                           12/07/2000 08:01 AM

To: Cindy Olson/Corp/Enron@ENRON, David Oxley/HOU/ECT@ECT, Andrea
Yowman/Corp/Enron@ENRON
cc:

Subject: Color coding mid-year ratings

all;
Attached are the screen shots to give you an idea how the red/green color
coding for rating movement from mid year ratings will appear on the screen.
Is this more of what you had in mind?   Let me know what you think.  G

Also, can you please confirm my understanding that the tenure color coding is
TENURE AS A VP (AND MD?) and not tenure in the organization?


I may be able to help with the California crisis also. ?

The Joseph L Richards Limited Company provides managementand consulting
services exclusively to the power industry. ?We assist EPC Contractors,
Equity Owners, Insurers and OEM clients in managing the complex issues
related with Co-Generation,Independent Power, Merchant and Utility types of
power projects. ??

Our U.S.A. and International experience includes pulverized coal; gas and
oil
fired utility grade plants, combined cycle, co-generation,diesel, and wood
fuel, waste to energy, dismantling and relocation of powerplants.

We utilize our power industry experience and resources inthe areas of:

Intervention and Mitigation of &troubled8 power projects that suffer from:
o ?????Project delays
o ?????Bad designs
o ?????OEM technology related failures
o ?????Overloaded project management
o ?????Stalled startup
o ?????Inappropriate project schedule

Power Project Insurance Loss Recovery
o ?????Claims preparation and evaluation
o ?????Delayed Opening, DSU, AOLP and BII

Dispute Resolution Support for Equity Owner, EPCContractor and Vendor
related
arbitration, claims, litigation and mediationactions.
o ?????Plant Operations evaluation and profiling
o ?????Schedules and documentation forensic research
o ?????As-Occurred schedule preparation
o ?????Project Delay assignment
o ?????Identification of concurrent project delays

Power Project Evaluation and Due Diligence
o ?????Audit services of power project designs andspecifications to identify
over- ???????design, excessive equipment and impropermaterials to assure a
cost-effective design product and lower the installedcosts of the new
project. ?
o ?????Project schedule evaluation
o ?????Monitoring of EPC Contractor,s performance
o ?????Identification and certification of mechanical andsubstantial
completion events ?
o ?????Close out of Final Acceptance issues
? ??????Special Assignments


Here is the Chronicle story on the oppositions misleading and outright false
ads.

Dave
----- Original Message -----
From: Jeff Balke <jeff_balke@saveourrockets.com>
To: David Walden <savont@msn.com>; Andrea Bouchey <andreab@rocketball.com>;
Anglea Blakeney <angelab@rocketball.com>
Sent: Friday, October 27, 2000 11:09 PM
Subject: Chron Story on Misleading Ads

WOW!  That might be the best story we've gotten.  If you haven't seen it
yet, click the link below.

http://www.chron.com/cs/CDA/story.hts/metropolitan/730714

Jeff
http://www.SaveOurRockets.com
http://www.SaveOurComets.com


Chip:

As a follow up to my voice-mail, please advise as to whether we would need to
reDASH the Haywood deal prior to execution of an amendment which would move
the milestone payment date to Aug. 1, 2001 from May 1, 2001. I have attached
the original Dash for your reference.

Thanks,

Ben


In support of Enron,s continuing efforts to increase its return on invested
capital and direct resources towards our highest return businesses, David
Haug, Chairman and CEO of Enron CALME, Jim Hughes, President and COO of Enron
APACHI, Joe Kishkill, Managing Director of Enron South America, and Frank
Stabler, formerly a Managing Director of Enron CALME, will join Mark Metts in
a corporate wide effort, to help monetize some of Enron,s assets.  David will
help transition the CALME business activities into other parts of Enron while
working with Mark on the asset monetization projects.  David will continue as
an Executive Vice President for Enron Corp and a member of Enron,s Executive
Committee.  Cliff Baxter will oversee this effort.

Consistent with these changes, the CALME group will be divided as follows.
Enron Global LNG and Enron,s Caribbean Basin activities will become part of
the new Enron Global Markets (EGM) group headed by Mike McConnell.  Rick
Bergsieker, President/COO of LNG will continue in that role and in his dual
role as President/COO of Enron Middle East, which will also join EGM. Shawn
Cumberland, President and COO of the Caribbean Basin unit and his executive
team will carry out the transition process for the Caribbean business unit's
people and businesses as part of EGM.  Management of its Colombia and
Venezuela businesses will transfer to Enron South America and its LNG-related
activities to EGM as described above.

The EES related initiatives and people will be transferred to those units.
All of the various international businesses will participate as usual in the
upcoming budget process with their new alignment and continue to meet their
plan targets for 3rd and 4th quarters.

Concurrently, we are consolidating our trading and merchant activities in
Japan and Australia into Enron Europe.  Joe Hirl and Paul Quilkey will report
to Enron Europe,s Office of the Chairman.

We congratulate David Haug and Rebecca McDonald for proposing these
realignments, which we agree, will maximize both the financial and
intellectual capital in Enron.  Over the coming weeks, specific assignments
and reporting relationships will be determined and communicated.


He has view access, but he doesn't have edit capability, which he needs.

	Scott Cleverly
	07/21/2000 03:28 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: I'm out of the office this week.

Tana:

Looks like he currently has access. Perhaps Mike was able to have it granted.

	Tana Jones
	07/21/2000 03:16 PM

		 To: Scott Cleverly/HOU/ECT@ECT
		 cc: Brent Hendry/NA/Enron@Enron
		 Subject: I'm out of the office this week.

Scott,

Is there someone else in your group who can get Brent access to the Financial
Trading Agreement Database?
----- Forwarded by Tana Jones/HOU/ECT on 07/21/2000 03:15 PM -----

	Michael Neves
	07/21/2000 03:01 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: I'm out of the office this week.

I will be out of the office from 07/17/2000 until 07/24/2000.

I will be checking email & voice mail regularly, but if you need to contact
me I can be reached by mobile phone at (281)-788-0243.  If it is an
emergency, please contact the Notes Development Group at 3-6929.


Enron announced today that its common stock will now be traded as an Over-the-Counter (OTC) equity security under the symbol "ENRNQ."  This follows a decision by the New York Stock Exchange (NYSE) to file an application to delist Enron's common stock, which means that Enron's common stock and related securities are suspended from trading on the NYSE.  Enron is considering whether to appeal the NYSE's decision.

The NYSE has standard criteria for listing stocks, which can be found on their website at www.nyse.com.  Enron recently fell below the following listing criteria: average closing price of a security less than $1.00 over a consecutive 30 trading-day period.  Quotation service for Enron's stock will now be provided by the National Quotation Bureau, LLC "Pink Sheets."


yes, Cynthia I KNOW!!! I'm working on it but as you know we can't "commit"
around here!
Standby for changes, too!
Thanks!!!
(I'll be calling you shortly)
Joseph

Cynthia Biggs <cynthia.biggs@travelpark.com> on 06/06/2001 11:49:26 AM
To: "'joseph.alamo@enron.com'" <joseph.alamo@enron.com>
cc:

Subject: mccubbin and dasovich to Denver

Just  a reminder, that today is the 7day cutoff to get a better fare for
these guys. Which is about 500.00 versus 1200.00. let me know
thanks
cynthia'


Moveon.org, a group that positions itself as an internet based consumer
watchdog, has mounted a campaign in support of the Federal Energy Reliability
and Stability Act of 2001.  The campaign takes direct aim at enron, dynegy
and other companies. Have a look at their website, at
http://www.moveon.org/priceshocked/index.html.  In the meantime, here's a
copy of a mass, unsolicited email that someone at our PR Firm in NY (ss+k)
received from moveon.org (see below).

----

Date: 4/24/01 5:01 PM
From: Wes Boyd, MoveOn.Org
Dear Friend of MoveOn,

Energy prices are skyrocketing across the nation, yet Washington is
doing nothing.  Energy producers are taking huge windfall profits.
Consumers and taxpayers are given the shaft.

Enough is enough.  Join our citizens' campaign by sending an instant
email to your representatives in Washington.  Go to:

   http://www.moveon.org/priceshocked/index.html

The energy markets are controlled by a small number of companies --
Enron, Duke, Dynegy, Reliant, etc -- which supply local utilities
throughout the country with gas and power.  These companies are so
big, they are more like monopolies than players in a price-competitive
market.  Their irresponsible behavior calls for a strong federal hand.

In California alone, these companies and their affiliates have already
overcharged by more than $6.3 billion (1).  If nothing is done, the
number is expected to rise to as much as $70 billion (2).  That's $2,000
for every man, woman, and child in the state.

This may be the biggest scam ever to hit the U.S. -- potentially
dwarfing the Savings and Loan mess of the 80s.  Yet FERC, the Federal
Energy Regulatory Commission, and the Bush administration are taking
no action.

A new bill sponsored by Senators Feinstein (D-CA), Smith (R-OR), and
Lieberman (D-CT), would direct FERC to set temporary "cost-plus" rates
allowing wholesalers to charge a reasonable rate of profit, not the
excessive premiums they are now charging.

Join us in voicing your support for this important bill at:

   http://www.moveon.org/priceshocked/index.html

Thank you for your help.  And pass on the word.  We cannot let this
go unchallenged.

Sincerely,

-Wes Boyd
 MoveOn.org
___________

P.S. Beware myths spread by the energy lobby.
     Here are two corrections:

- Rising demand in California HAS NOT created the problem.  California's
monthly peak electricity demand actually declined in July, August,
October, and December of 2000 relative to the same months in 1999 (4).

- More drilling and relaxed environmental standards ARE NOT the answer.
Opening new domestic supplies takes decades and only adds months of
additional supply (5).  Increased efficiency, immediate investment in
renewables, and market stabilization are the only short term answers.

Sources:
(1) California Independent Systems Operator, http://www.caiso.com/
(2) A range of $50-70 billion is cited in "No Time for Lectures,"
    LA times, April 18th, 2001,
    http://www.latimes.com/news/comment/20010418/t000032667.html
(3) Severin Borenstein, Director of Univ. Cal. Energy Institute
(4) California Independent System Operator cited in
    "Special Report: The California Energy Crisis" (Page 1)
    at http://www.consumerwatchdog.org/
(5) U.S. Geological Survey, as cited by Sierra Club
    http://www.sierraclub.org/pressroom/releases/arctic.asp
__________
This is a message from MoveOn.org
If you wish to remove yourself from this list, please visit
our subscription management page at
http://www.moveon.org/subscrip/i.html?id=140-102126-Oien2IT7gEvnW0QfXYP3ww

--
Jonathan Kopp
jkopp@ssk.com

SS+K
Shepardson Stern and Kaminsky
568 Broadway
New York, NY 10012
O: 212.419.3355
F: 212.419.3369


you really did sniff a lot of that paint


Mark:  Please handle.  Should Greenberg work on this?   Mark
----- Forwarded by Mark E Haedicke/HOU/ECT on 01/10/2001 02:20 PM -----

	Nora Dobin@ENRON
	01/09/2001 07:13 PM

		 To: Mark E Haedicke/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Mark
Evans/Legal/LON/ECT@ECT, Bruce Lundstrom/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 cc: Rob Walls/NA/Enron@Enron, Jordan Mintz/HOU/ECT@ECT
		 Subject: DealBench/Freshfields Proposal

Attached please find an outline of a proposal for a business relationship
between DealBench and Freshfields.   Rob, Jordan and I have been considering
this from a legal relationships perspective and request your thoughts on
same.

Tobias Munk of DealBench has been working on developing this
DealBench/Freshfields relationship for a couple of months.  Tobias came to
DealBench from Enron London to help develop a capability to do due diligence
on the DealBench platform (the dataroom product).  He initiated contact with
Freshfields (Hugh Crisp) before moving to Houston.   DealBench has been aware
that this relationship would be subject to approval by Enron legal management.

The proposed relationship essentially is a business referral one:  DealBench
would pay Freshfields 10% of site license fees paid to DealBench by customers
referred by Freshfields.  Freshfields also would provide up to 100 hours of
consulting services regarding the dataroom product for no additional monetary
consideration but DealBench would give Freshfields exclusive recognition for
helping DealBench develop the dataroom product in Europe and Asia. DealBench
advises that Freshfields believes it would benefit from the publicity
associated with being part of the development of an e-commerce product.  The
DealBench commercial team is very interested in moving forward with
Freshfields.  Although Freshfields cannot guarantee any referrals, DealBench
believes the relationship would be fruitful for it commercially because of
Freshfields' prominence in M&A transactions in Europe and Asia.

Before DealBench moves further with Freshfields, it would like legal
clearance.  We look forward to hearing from you.

Regards, NJD

Nora J. Dobin
Senior Counsel
Enron Global Finance
Enron Corp.
1400 Smith Street
Houston, Texas  77002

713/345-7723 (phone)
713/853-9252 (fax)
E-mail:  nora.dobin@enron.com


FYI, this is the work that CSC is preparing a quote for.

kl

-----Original Message-----
From: mcampb28@csc.com [mailto:mcampb28@csc.com]
Sent: Tuesday, July 31, 2001 3:40 PM
To: Lewchuk, Ken
Cc: nbhatt@csc.com
Subject: Revised Request for CA ISO Audit #2 Project 2139

Please provide feedback as soon as possible.  Hopefully this isn't far off
from what you expected.
Contact me anytime at 614-737-1657.

(See attached file: EESO Request Rev 073101.doc)


In that case, definitely baloney.


do you mean you changed it to PPT - it looks like that's what's in there
already...

Kerri Thompson@ENRON
03/01/2001 09:04 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject:

ch deal 534053 to ppt


I wanted to bring in some big obnoxious balloons and stuff, but the rain dampened my 'embarrass Stacey' spirit.  I'd definitely like to take you to lunch soon though!

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Tuesday, February 05, 2002 9:54 AM
To:	Dahlke, Andrea
Subject:	RE:

Thank you!

 -----Original Message-----
From: 	Dahlke, Andrea
Sent:	Tuesday, February 05, 2002 9:25 AM
To:	White, Stacey W.
Subject:

HAPPY BIRTHDAY!!!!!!!!!!!!!!!!!!!!!!!!


I think Bruce Zechenelly used to work for Advanta.  If you get an interview
their I can call him and ask him how they are as a company.


Rick:
Based on your voicemail, here's a quick-and-dirty synopsis of a proposal that I've been quietly discussing with a select few out here in California (e.g., John White, large customers).  It could include more bells and whistles, but the intent of this proposal is to get DA back as soon as possible.
**************************************************************************

Reduce DWR L-T contract volumes by at least 33-50%
To "back fill" increase in net-short created by contract reformation, permit noncore customers (20 KW and above) to elect to go DA to fill the position
DA provides a significantly more efficient hedge against price volatility than DWR contracts
Election is first-come, first-serve, capped at the aggregate net short position
Customers decision to go DA will constitute a 3-year commitment to stay DA (i.e., can't go back to IOU for 3 yrs; must stay in the market)
If a net short position remains after noncore customers have elected DA (i.e., not enough elect to fill the net short), then the IOUs will hold an auction to fill the net short
The auction would seek a portfolio of 3 month, 6 month, 1 year and 3 year deals (both peak and off-peak) to fill the net short.
Noncore customers choosing DA would not escape costs of DWR power consumed when the customer was receiving utility service (i.e., prior to electing DA)
Likewise, if the noncore customers choosing DA was a utility customer during the period when the utility accured its "undercollection," (i.e., when wholesale prices exceeded the retail cap), the customer would not escape those costs by virtue of electing DA status
Noncore customers would not bear responsibility for recovery of DWR L-T contracts.
Potential add-on to deal:  Core customers (less than 20 KW) could choose "green only" DA, but, like, noncore customers could not escape costs for which they are responsible.