Light volume, positive day... yawn, yawn... then after the close: the
biggest non-news news of the millennium - Judge Jackson ruled to break-up
Mr. Softee.  MSFT sold off initially (after being up small on the day) but
is trading up over 2 as I write this (5:45PM NY Time).  Gates is defiant and
feels that things will go his way on appeal - he might be right but given
Mr. Bill's penchant for seeming arrogant it was abit odd to see him as the
front man dismissing questions about the naming of the second company as if
it were completely out of the realm of possibility.  A more tempered, less
emotional, less personal response might have been abit more comforting for
stockholders - many people feel Mr. Bill's hubris got them into this mess to
begin with - look at INTC and CSCO - they know when to tip their hat at
Uncle Sam and stay out of the court room.  The key is the restrictions which
are supposed to go into effect in 90 days - Gates feels very very very very
confident that they will be thrown out and Mr. Softee will suffer no harm
during the appeal - evidentially many after hours traders share his view.
They seem unconcerned of the threat to the new MSFT net strategy - which is
to be announced at the end of June.  In the broader markets - it was a
reversal of yesterday with financials and tech on the rebound (IBM, ORCL,
HWP, SUNW, C, BAC, AXP, LEH, BSC, AMTD...) and utilities and energy falling
to profit taking (XOM, BPA, RD, WMB, PCG, CPL....).  In the CEUT Universe -
it was a mixed bag - ITWO* up over 11, MANU* (which was down over 5) closed
in the green - Catherine Moore spoke inter-day and said the sellers were
wrong..... AMCC* down almost 10, KOPN* down almost 3 1/2, PMCS* down over 2
but SSTI* up over 7.... BRCD* up over 10 1/2, NTAP* & PRCM up over 4...
MUSE* up over 4, VRTS* up over 9.... TMPW up over 3... GMH* down over 8 1/2,
XMSR* up 1/2, PGTV* down over 6 1/2... IMAN+ up almost 1...   In IPO-land
GCBF never came but UbiquiTel (UPCS), a wireless service provider associated
with Sprint PCS,  came at 8 (below original range) and closed down almost 4%
- not great but given these markets.... tomorrow is the PPI # - if shows
soft on inflation then the feeling is the Fed will not raise in June.

MSFT's Ballmer - in Europe - echoes Gates defiant stand at press conf. in
Europe.

T - backing off on long dist. hikes/ also testing multiple ISPs on cable
system in Colo.

SNE - delaying US dig. TV debut/ also portable version of Playstation to
compete with Gameboy.

Ebay* - FBI says we're not targets of probe

SUNW - major transition from hardware vendor to hard/software ASP.

C.E. Unterberg Towbin's Brian Finnerty on CBS with Brian Gumble - ORCL, SUNW
will be helped by MSFT trouble also EFII+ looks very attractive.

UrbanFetch - in London beating Kozmo to Europe.

Sameday.com now in San Fran. - we're not like Kozmo - we're like Fed Ex.

European Union - value added tax on net services.

Marc Andreessen - avid user of RIMM* pager - answers 150 messages a day on
the road.

Kampground of America - largest chain of open air campgrounds is getting
wired - outdoor net kiosks.

AlohaBob - software let you transfer your computer settings from one box to
another.

Salon.com - cutting costs by 20%.

13 computer game co. (including Nintendo, SNE) suing sites for selling
pirated software.

Viacom's Simon and Schuster - publishing 35,000 word book exclusively online
- follows CBS News segement - The Class of 2000: A Definative Survey of the
New Generation.

AOL - will cover Dem and Rep conventions live online.

NYSE - quoting 50 stocks in decimals after Labor Day (Sept) - will go from
there.

Oxygen Media - Ophra Winfrey's networkd for women - major backing, major
players - suspends two hallmark shows suddenly - signs of trouble?

Beliefnet.com - religion, sprituality and morality site - gets $20 million.

NY Post - headline "Broken Windows".

Jack Welch - Goverment should never break up companies.

DIS former Chairman Joe Roth - new movie and net co. "Revolution Studios" -
$3 Billion SNE and Fox major backers.

JP Morgan's LabMorgan - electronic finance unit - investing up to $1Billion
in e-finance ventures - esp. in Asia.

QCOM - signs lic deals with 8 top Chinese manf. - to develop CDMA phones and
infrast.

INTC and TXI - selling MU shares.

WSJ Heard - NYSE trying to develop worldwide exchange (Global Equity Market)
- has approached exchanges throughout the world - but not the NASDAQ.

VenturCom - soft that turns Windows OS into handling Industrial Apps - (e.g.
controlling traffic lights in LA).

RePlay TV - giving product to winners of MTV Movie awards - get the stars
hooked on interactive TV.

MSFT - targeting Palm with ad campaigne for Pocket PC - Palm people say
WinCE should be called "wince".

Cable and Wireless Optus - provide Australia with ASP infrast. - helped by
C&W, CPQ and MSFT alliance.

CSCO - watches MSFT and pushes a be very nice to Uncle Sam approach to Gov.
relations.

Judge throws out XRX lawsuit vs. COMS over PALM.

FirstMark Commun. - building broadband wireless network in Europe - raises
over $1Billion in equity and loans from blue ribbon backers - KKR, MWD, GS,
Paribas, Credit Suisse....

US Election Official - net voting would be big trouble - threat to
democracy.

Anoto Pen - Bluetooth device - allows you to send handwritten messages via
Pen.

Nupremis - deliver bus. apps and broadband - CPQ*, Edward P. Bass, Angelo
Gordon and others...

WebHancer - Web Infrast. tester - gets $13 million.

Zaffire - develops optical network services - raises $85 million.

Handspring - IPO coming in 2 weeks.

Semi Industry Assoc. - chip boom will continue through 2003.

C.E. Unterberg Towbin - Jim Poyner marketing in NY/ Karl Motey marketing in
Phil. - Balt.

There is talk: WCOM for JWEB?/ SWS in play?/ GS for BSC?/ NTN - wants deal
with YHOO or AOL?/

The information contained herein is obtained from sources we believe to be
reliable but its accuracy and completeness, and that of the opinions based
thereon, are not guaranteed. C.E. Unterberg Towbin, or one or more of its
partners, may have a position in any of the securities discussed herein. All
rights reserved by C.E. Unterberg Towbin. May not be reproduced in whole or
in part without prior written authorization. This report is not an offer to
sell or solicitation of an offer to buy the securities mentioned herein.
*C.E. Unterberg Towbin makes a market in this security and/or has analyst
coverage.
+C.E. Unterberg Towbin makes a market in this security and has been involved
in a recent financing.
_____________________________
Bram Towbin
C.E. Unterberg Towbin
10 East 50th Street
New York NY 10022

Telephone: 212 572 8163
Fax: 212 759 4032
Btowbin@unterberg.com

----------------------------------------------------------------
Pursuant to SEC and NASD requirements, all incoming and outgoing e-mail of
C.E. Unterberg, Towbin is subject to review by the Compliance Department.

Please note that C.E. Unterberg, Towbin does not allow the use of e-mail to
request, authorize or  effect the purchase or sale of any security, to send
fund transfer instructions, or to effect any other transactions.  Any such
request, orders or instructions that you send will not be accepted and will
not be processed.

================================================================


Start Date: 4/1/01; HourAhead hour: 12;  No ancillary schedules awarded.  No
variances detected.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040112.txt


Hi Steve -

I won't be able to make the call on Monday.

I'd be happy to volunteer not to be on the negotiating team.  It sounds
like there's no shortage of people who want to be on the committee.

My big issue is default service.  This industry needs real customers and
the only way to get real customers is to get rid of default service.
Starting with big customers, along the lines of the core/non-core gas
model, is the best way to go.  The only way to sell this, however, is to
get the big customers to agree it's a good idea.

J. Stuart Ryan
AES Pacific
Suite 3300
100 Pine Street
San Francisco, CA   94111

office:  415 395 7887
mobile:  415 608 0080


ok

 -----Original Message-----
From: 	Tow, Eva   On Behalf Of SAP Security
Sent:	Wednesday, May 23, 2001 3:53 PM
To:	Perkins, Mary; Coffey Jr., Jim; Schield, Elaine
Cc:	Arteaga, Airam; Shively, Hunter S.
Subject:	Re: 449614 Airam Arteaga SAP Security Request Form (Eva)

Airam Arteaga is requesting access to several ENA roles and it is pending your approval.  Please email your response to SAP Security.

Pending Mary Perkins' Approval:
FN TR Cash Viewer
Pending Jim Coffey's Approval:
Add FN PS Viewer
Pending Elaine Schield's Approval:
Add FN AR Viewer

User's Current Access:
Std End-User profile for basis and prntg
HR EMployee ESS CATS Enterprise HR
HR Time Administrator - EWS
FN FI Consolidated Viewer-ENA

Thank you,
SAP Security (Eva)

Arteaga@mailman.enron.com; Airam <airam.arteaga on 05/21/2001 01:20:46 PM
To:	Website:SAP Security Request <sap.security@enron.com>
cc:

Subject:	449614 Airam Arteaga SAP Security Request Form

The following request information was recently submitted...

REQUESTOR INFORMATION:

   Business Unit:                ENA
   Cost Center:                  107317
   Company Code:                 0413
   Business Unit for Roles:      ENA
   SAP ID:                       P00503267

GENERAL INFORMATION:

   Supervisor:                   Hunter Shively
   Supervisor Telephone Number:  713-853-4772
   Employee Name (Last,First,M): Arteaga, Airam
   Employee Location:            EB3230C
   Employee Telephone Number:    713-853-1560
   Employee Email Address:       airam.arteaga@enron.com
   Job Title:                    Administrative Assistant
   SAP User Type:                Enron Employee

   Business Reason:
   To ensure that there is nothing charged in error to
   Hunter Shively's cost center.

VIEWER ROLES:
   1. Add FN FI Consolidated Viewer
   2. Add FN CO Viewer
   3. Add FN TR Cash Viewer
   4. Add FN PS Viewer
   5. Add FN GL Viewer
   6. Add FN AR Viewer

FINANCIAL ACCOUNTING ROLES:
   No roles in this area were selected.

PROJECT SYSTEM ROLES:
   No roles in this area were selected.

JOINT VENTURE ROLES:
   No roles in this area were selected.

MATERIALS MANAGEMENT / PURCHASING ROLES:
   No roles in this area were selected.

CENTRALIZED ROLES (LIMITED TO SPECIFIC PERSONNEL):
   No roles in this area were selected.

HUMAN RESOURCES (HR PERSONNEL ONLY):
   No roles in this area were selected.

HUMAN RESOURCES - TIMEKEEPERS:
   No roles in this area were selected.

HUMAN RESOURCES - BENEFITS (BENEFITS PERSONNEL ONLY):
   No roles in this area were selected.

HUMAN RESOURCES - PAYROLL (PAYROLL PERSONNEL ONLY):
   No roles in this area were selected.

<Embedded Picture (Device Independent Bitmap)>


TKirchman@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 6:00, 8:00 - 9:00, and 18:00 in the
September 27, 2001 Real-Time Market as well as the following hours per ECA
20010908B to verify prices:

HQ:   None
NE:   None
OH:   None
PJM:  0:00 - 5:00, 7:00

Prices in the September 28, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:

http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


But that allows all parties to game the system rather than to bid the capacity at a value that is compatible with the individual party's economics.  Or does FERC not see that as a driver (values at which a willing buyer and a willing seller would transact).  This would always put a Seller at a disadvantage.

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Tuesday, September 25, 2001 8:15 AM
To:	McCarty, Danny; Hartsoe, Joe; Fossum, Drew; Harris, Steven; '"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON'; 'Charlie Moore'; 'Robin Nuschler'; Porter, Gregory J.; Pavlou, Maria
Cc:	'Rob Kilmer'
Subject:	RE: Settlement Offer

I agree it uses an interactive tool, ie  hottap, but I feel what FERC wants is interactive bidding on the posted capacity, so that all have a chance to see others bids and anti up their bid-  EOL doesn't allow that-  MK

 -----Original Message-----
From: 	McCarty, Danny
Sent:	Tuesday, September 25, 2001 8:11 AM
To:	Miller, Mary Kay; Hartsoe, Joe; Fossum, Drew; Harris, Steven; '"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON'; 'Charlie Moore'; 'Robin Nuschler'; Porter, Gregory J.; Pavlou, Maria
Cc:	'Rob Kilmer'
Subject:	RE: Settlement Offer

But isn't that exactly what "interactive" means??

 -----Original Message-----
From: 	Miller, Mary Kay
Sent:	Monday, September 24, 2001 3:10 PM
To:	Hartsoe, Joe; Fossum, Drew; Harris, Steven; '"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON'; 'Charlie Moore'; 'Robin Nuschler'; Porter, Gregory J.; Pavlou, Maria
Cc:	'Rob Kilmer'; McCarty, Danny
Subject:	RE: Settlement Offer

I don't think we can call EOL an interactive open season, since once clicked it is sold-

 -----Original Message-----
From: 	Hartsoe, Joe
Sent:	Monday, September 24, 2001 2:17 PM
To:	Fossum, Drew; Harris, Steven; '"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON'; 'Charlie Moore'; 'Robin Nuschler'; Porter, Gregory J.; Pavlou, Maria; Miller, Mary Kay
Cc:	'Rob Kilmer'; McCarty, Danny
Subject:	RE: Settlement Offer

Drew, We need to be careful that we do not provide a marketing affiliate advanced information on capacity availability through EOL.  Joe

 -----Original Message-----
From: 	Fossum, Drew
Sent:	Monday, September 24, 2001 2:14 PM
To:	Harris, Steven; '"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON'; 'Charlie Moore'; 'Robin Nuschler'; Porter, Gregory J.; Pavlou, Maria; Miller, Mary Kay; Hartsoe, Joe
Cc:	'Rob Kilmer'; McCarty, Danny
Subject:	RE: Settlement Offer

Steve, do you see a problem with using EOL as the IOS process for the operational capacity deals?  I don't propose that we get into this level of detail with Staff at this time, but if they like the overall proposal, at some point we'll need to let them know that what we mean by IOS is the EOL process.  (I don't see why we'd have to design a new IOS from scratch if EOL works fine)  Is anyone nervous that the idea of using EOL as part of our capacity posting and sales process will make it harder to sell a settlement to the Indicated Shippers?

 -----Original Message-----
From: 	Harris, Steven
Sent:	Monday, September 24, 2001 1:59 PM
To:	'"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON'; Fossum, Drew; Charlie Moore; Robin Nuschler; Porter, Gregory J.; Pavlou, Maria; Miller, Mary Kay; Hartsoe, Joe
Cc:	Rob Kilmer; McCarty, Danny
Subject:	RE: Settlement Offer

I am OK with this but with one note. The interactive open season (IOS) mentioned in 1.b. will most likely utilize Enron Online going forward. The current IOS process is no longer available because of system changes. Therefore, any new IOS system will cost us some investment($?).

 -----Original Message-----
From: 	"Gallagher, Boland & Meiburger" <lwin@gbmdc.com>@ENRON [mailto:IMCEANOTES-+22Gallagher+2C+20Boland+20+26+20Meiburger+22+20+3Clwin+40gbmdc+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, September 24, 2001 10:49 AM
To:	Fossum, Drew; Charlie Moore; Robin Nuschler; Harris, Steven; Porter, Gregory J.; Pavlou, Maria; Miller, Mary Kay; Hartsoe, Joe
Cc:	Rob Kilmer; McCarty, Danny
Subject:	Settlement Offer

Suggested revisions.

Steve Stojic
 - TranswesternSettlementOffer.doc << File: TranswesternSettlementOffer.doc >>


OK thanks.  Other side will be happy with this.
Wasn't sure what would be material for us ..
Jane

	Alan Aronowitz@ECT
	10/25/2000 02:21 AM

		 To: Jane McBride/AP/Enron@ENRON
		 cc: John Viverito/Corp/Enron@Enron, Mark Evans/Legal/LON/ECT@ECT, Mark
Taylor/HOU/ECT@ECT
		 Subject: Re: Tokyo-Weather Derivative-Warranties Agreed-Question on events
of default

Jane:

There is no specific policy on this E of D to my knowledge because it was
specially added for Japan to produce an early credit-related event of
default.  Because the monetary figure could cut against Enron Japan, I would
suggest that we go with a figure that is material enough as applied against
our counterparty, but which if applied to EJ would not easily trigger a
default against EJ, let's say USD 1 million or a higher figure.

Alan

	Jane McBride@ENRON
	10/24/2000 05:54 AM

		 To: Mark Evans/Legal/LON/ECT@ECT, Mark Taylor/HOU/ECT@ECT
		 cc: Alan Aronowitz/HOU/ECT@ECT, John Viverito/Corp/Enron@Enron
		 Subject: Tokyo-Weather Derivative-Warranties Agreed-Question on events of
default

Dear Mark Evans,

Pls let me know (as per email earlier) if you have any further queries -
otherwise we will sign this tomorrow.  Thanks for your help.

***********

Dear Mark Taylor (and Alan or Mark),

You will see that we need to include a figure in clause 6(a)(1): Additional
Events of Default - Other Financial Crises.  They proposed JPY1,000,000,000
(US$10 million), I counterproposed JPY1,000,000 (US$10,000).  They are now
suggesting JPY100,000,000 (US$1,000,000).

I am thinking of suggesting US$500,000 (JPY50,000,000).  Are there any Enron
policies etc in this regard? What is the typical range of acceptability for
Enron on this? Any other comments?

***********

Thanks all.

Jane

----- Forwarded by Jane McBride/AP/Enron on 10/24/2000 07:43 PM -----

	"Izumi Sato" <isato@mywm.co.jp>
	10/24/2000 07:28 PM

		 To: <Jane.McBride@enron.com>
		 cc: <Morten.E.Pettersen@enron.com>, <Ono_T@toare.co.jp>, <wani@mywm.co.jp>
		 Subject: RE: ToaRe documentation

Dear Ms. McBride,

Thank you for your e-mail.
It is our opinion that the amended clause 5 (c) is acceptable for our
client, ToaRe. We are also informed by Mr. Ono that they will accept such
clause.

As to the other issue, JPY1,000,000 is all too low. JPY1,000,000 equals to
only about 10,000 US$. If JPY1,000,000,000 is not acceptable for you, how
about JPY100,000,000?

Akihiro Wani / Izumi Sato
Mitsui Yasuda Wani & Maeda

-----Original Message-----
From: Jane.McBride@enron.com [mailto:Jane.McBride@enron.com]
Sent: Tuesday, October 24, 2000 2:54 PM
To: Izumi Sato; wani@mywm.co.jp
Cc: Morten.E.Pettersen@enron.com; Ono_T@toare.co.jp
Subject: RE: ToaRe documentation

Dear Ms. Sato and Mr Wani,

(See attached file: Weather-HDD-Floor-OTC-ToaRejmb2000-10-24r.doc)

Thank you for your email and it is my turn to apologize for our delay in
reverting to you.  I have had to involve numerous people throughout our
organization who have been involved to date in gathering the legal data we
have accumulated in relation to the legal issues associated with the
trading of weather derivatives here.

I am attaching our latest proposal for your consideration.  I still need to
get sign off from our head of legal in London this evening on this drafting
but do not expect any problems.

In the interests of time I have not set out our reasoning here.  I think
Mr. Wani is very familiar with the various issues both on the part of your
client and on our part.  If, however, your client is not willing to accept
this language and needs us to explain our reasoning in detail I would like
to arrange a meeting to be attended by Mr. Wani, our lawyers at Tokyo
Aoyama Law Offices, me and your client to resolve these issues.

On the other issue, we think JPY1,000,000 would be far more appropriate
than JPY1,000,000,000.

Finally, we will negotiate the ISDA master with your client separately but
will not accept the argument at that time that because we agreed to
Japanese law in this confirmation, we should agree then.  At this stage no
further discussion need take place on this point.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

Tel.:       81-3-5219-4500 (Main)
              81-3-5219-4553 (Direct)
Fax:       81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:        81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

                    "Izumi Sato"
                    <isato@mywm.c        To:     <Jane.McBride@enron.com>
                    o.jp>                cc:     <Ono_T@toare.co.jp>,
<wani@mywm.co.jp>,
                                         <Morten.E.Pettersen@enron.com>
                    10/19/2000           Subject:     RE: ToaRe
documentation
                    08:04 PM

Dear Ms. McBride,

Our answer is as follows:

1. We have no comments on this point.

2. As to clause 5(c)(i) and the amended (iii), we have no objection.
However
it is our opinion that both of the parties represent and warrant each
other.
As to (ii), we are informed by Mr. Ono that this transaction does not come
under (ii) for ToaRe as its purpose is not hedging. If ToaRe represents and
warrants as clause 5(c)(ii), it is false representation and warranty.
Clause
5(c)(ii) therefore should be deleted.
We think clause 5(c)(iii) is a good enough representation to clear the
gambling matter.

3. It is our opinion that Japanese law is better for our client in the ISDA
Master.

4.Our suggestion is JPY1,000,000,000.

5. As this is the practical matter, we have no comments.

We apologize for the delay.

Best regards,

Akihiro Wani / Izumi Sato

-----Original Message-----
From: Jane.McBride@enron.com [mailto:Jane.McBride@enron.com]
Sent: Wednesday, October 18, 2000 9:02 PM
To: isato@mywm.co.jp
Cc: Ono_T@toare.co.jp; wani@mywm.co.jp; Morten.E.Pettersen@enron.com
Subject: Re: ToaRe documentation

Dear Ms. Sato,

I am enclosing an amended draft (clean) of the confirmation for your final
approval.  Please let me know if you have any trouble reading it with the
redlining.

You will note:

1.   We have amended the FRWS.  This has been done in consultation with
your client so I don't expect this to be a problem.
2.   We cannot give the warranties in clause 5(c).  We also do not accept
your client's reasons for not giving the warranties to us but as
alternative to paragraph (iii), would suggest you warrant the legality of
your entering into of the contract.  We trust you can have no objections to
this new warranty.  In our opinion, the analysis you have suggested in
relation to paragraph (ii) is relevant only in the context of a credit
derivative and not a weather derivative so would ask that this be retained.
3.   We have agreed to Japanese law but only on the understanding that your
client will agree to New York law (or UK law if they prefer) for the ISDA
which we will start negotiating as soon as this confirmation is finalized
and on the basis that you accept our amended form of clause 5.
4.   Pls make a suggestion for the purposes of the figure in 6(a)(1).
5.   We are also willing to accommodate you on clause 13 and will revert
with this language tomorrow.

Jane McBride
Senior Legal Counsel
Enron Japan Corp.

Otemachi 1st Square Bldg.
West 11th Floor
1-5-1 Otemachi, Chiyoda-ku
Tokyo 100-0004
Japan

Tel.:       81-3-5219-4500 (Main)
              81-3-5219-4553 (Direct)
Fax:       81-3-5219-4510

Assistant (Maggy Yamanishi)
Tel.:        81-3-5219-4554
Email:      Yo.Yamanishi@enron.com

(See attached file: Weather-HDD-Floor-OTC-ToaRejmb2000-10-17.doc)


sounds great - but i am too conservative.  That is alot of $$ for three
days.  And it is close to x-mas.   Sorry - maybe later in the year?
I had a nice time at Bens party.  Thank you for being you.


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of UtiliCorp common stock for each share held as of December 29, 2000.
http://199.97.97.79/IMDS%PMADJN0%read%/home/content/users/imds/feeds/djn/2000/
12/28/eng-djn/eng-djn_132028_73_0406201002188

PRICE OF NATURAL GAS REACHES RECORD HIGH
Cold weather pushed the price of natural gas used by most Americans to heat
their homes to a record high yesterday in a shock economists say is taking a
substantial bite out of consumers' pocketbooks and economic growth.
http://199.97.97.163/IMDS%PMAKRT0%read%/home/content/users/imds/feeds/knightri
dder/2000/12/28/krtbn/0000-0382-WT-NATURAL-GAS

MANY ENERGY HEADACHES AWAIT BUSH
Three days before George W. Bush is inaugurated president, OPEC oil ministers
will meet in Vienna and in all likelihood slash oil production, raising crude
prices worldwide.
http://199.97.97.163/IMDS%PMANAT0%read%/home/content/users/imds/feeds/comtex/2
000/12/28/ao/0000-2329-bush-energy-headaches

----------------------------------------------------------------------
DOW JONES NEWSWIRES
----------------------------------------------------------------------

Access stories online at:
http://199.97.97.79/IMDS|PMADJN0,PMADJN1,PMADJN2,PMADJN3,PMADJN4|index

Nader/Calif Utils -2: Bankruptcy Call Irresponsible -PG&E

NW River Forecast: Spring Runoff Seen At 75% Of Normal

US To Probe Charges Europe Cos Dumping Uranium Illegally

DTE Energy Unit Files Mich. Transmission Capability Plan

Nader Says Bankruptcy Better Than Bailout For Calif Utils

Calif. Public Util Commission Hearings To Continue Friday

PRESS RELEASE: Moody's:Securitized Utility Debt Protected

Calif Utilities' Securitized Debt Protected - Moody's

Utility Bonds Still Safe Haven, Despite Calif. Crisis

PRESS RELEASE: Gener S.A. Rtg On S&P CreditWatch Negative

EEI: US Electric Output For Wk Ended Dec 23 Up 13.7%

Usec/Dumping -2: Preliminary ITC Decision By Jan 22 >USU

Calif State Senator: Utils Rate Hike Should Be Temporary

US Southeast Power Steady-Dn As Demand Expectations Slide

USEC: Commerce Dept To Investigate Dumping Claims

AES/Gener Chile-3:AES Restates Commitment To Chilean Law

St. Joseph Light/UtiliCorp -2:Merger Effective Dec 31>SAJ

AES/Gener Chile -2: To Buy Another 25% Via Share Swap

AES To Pay About $1.3B For Control Of Gener Chile

AES Buys 61.57% Of Gener Chile For CLP139.34 A Share

St. Joseph Light Hldrs To Get 0.7933 UtiliCorp Shrs >SAJ

UtiliCorp, St. Joseph Light Set Merger Conversion Ratio

Telecom Italia Venezuela Unit Doubles Projections - Paper

AES To Buy 61.57% Of Gener Chile In Auction At 1500 GMT

US DOE Extends Calif Pwr Emergency Order Through Jan 5

REPEAT: Calif Gov Hopes FERC Will Reimpose Price Cap

FREE TRIAL: For a free trial of the Dow Jones Energy Service go to
www.dowjonesnews.com, and click "create account," or call
1-800-223-2274.

----------------------------------------------------------------------
N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-nat.htm

Boosting Public Power

Calif. Fails to Solve Energy Dispute

Many Energy Headaches Await Bush

Repeats: Energy Volume And Open Interest Totals-DEC 28

California Small Business Association Representatives Available for Comment
Surrounding Public Utilities Commission
Hearings on Energy CrisisReliable Electric Service, Price Stability And
Affordability Critical to Small Businesses

Commentary: An Alternate Solution to Energy Crisis

Hetch Hetchy Power Deal under Review

Reanet Seeks Fiber Optic Space from Electric Co-Ops

Vector Energy Corp - Completes Debt Restructuring; Reduces Debt by 3.9 Million

Energy Update/Los Angeles Department of Water And Power Daily Energy Update
for Thursday, DEC. 28, 2000

Record High Wholesale Natural Gas Prices Cause Increase to Psnc Energy
Customer Bills

Silicon Valley Braces for More Energy Shortages

Sipex Announces Availability of Superior +3.0v to +5.5v Usb Power Control
Switch

Energy Prices Prompt Cutbacks at Intalco

Puc Weighs Power Hikes: Hearing Starts with Utility Pleas

Utilicorp United And ST. Joseph Light & Power Set Conversion Ratio, Closing
Date of December 29, 2000

Southwestern Arkansas Bears Brunt of Winter Weather; 550,000 without Power

Cambridge Energy Corp - Initiation of Its Petroleum Technology Advancement
Program

Daytona Energy Corp - Private Placement 1 Mil Units @$0.15

GE Power Systems Expands Mobile Workforce Management Product Offerings with
Web-Based Solutions from ImedeonAgreement Complements Existing GE Offerings

Plains' Ice Storm Cuts Power Again

EGCOMP seen affected by power surplus in 2001: Seamico Securities

Directory Channels Buildings Integration Communications & Technology
Electro/Mechanical Energy Envelope Interiors
Safety/Security Advertising/ Media Kits Awards Discussions Events &
Conventions Free Subscriptions Buildings Magazine Commercial Building
Magazine Buildings Interiors Buildings.com Newsl

Azcentral.com - Handling of Power Crisis Under Fire

NEW VENEZUELAN ENERGY MINISTER TO MAINTAIN ESTABLISHED POLICIES

Aboitiz Equity acquires Northern Mini Hydro Corp for 395 mln pesos

Governor Dodges Power Fallout

Getting Real About Energy

Big Chill Will Bring Even Bigger Natural Gas Bills Cost, Consumption Rise As
Winter Turns Bitter Cold; Utilities May Seek New Rate Hike

PG&E Seeking 26% Jump in Raates / Utility Says Money Would Be Used to Recoup
$5 Debt from Surging Electricity Prices

Public: Freeze Power Rates / Puc Begged to Block Utilities' Electricity Hike

Good Neighbor Energy Fund Hopes to Help 1,750 Families

Maryland Company May Build Power Plant

----------------------------------------------------------------------
I N T E R N A T I O N A L
----------------------------------------------------------------------
Access stories online at: http://www.powermarketers.com/pma-intr.htm

Serbia Suffers Through Energy Crisis, Montenegro Lashed by Heavy Rains

Huaneng Power International's Merger by Absorption of Shandong Huaneng
Becomes Effective

Serbian energy minister resigns amid power cut protests

South Korea Proposes Joint Probe Into North's Power Situation

Spain's Union Electrica Fenosa takes over Colombian power company

Nigeria: Muslim Youths Urge Government to Curb Corruption in Power Company

Daily Power Losses Total US$1.43mn - Venezuela

President Appoints New Mines & Energy Minister - Venezuela

Powerhouse Energy Corp - Discontinued Pre-Feasibility Due Diligence on the
"Turingia"

Putin Attends Opening of Power Plant in Northwestern Russia

Brazil : Acquisition of Power Generating Companies Attract Groups

Wind-Power Generators to Set Up Association

Natural Gas Prices Hit Record High

Japan's Tomen to Build 2 Midsize Wind Power Plants in Hokkaido

Bank of China Grants Rmb 6.95 Bln Credit Facility to Huaneng Power Int'l

Egco Acquires Stake in Coal-Fired Plant

----------------------------------------------------------------------
KRT DAILY ENERGY NEWS
----------------------------------------------------------------------
Access stories online at http://www.powermarketers.com/pma-krt.htm

York, Pa.-Area Businesses, Residents Can Expect Higher Energy Bills

Price of Natural Gas Reaches Record High

North Carolina Natural Gas Users to Face Jan. 1 Rate Hike

Wisconsin Energy Assistance Program Gets Boost from Grant

Washington Utility Sees Earnings Boost

California Commission May Approve Electricity Utilities' Rate Increase

California Firms, Homes Try to Reconcile Budgets with Rising Utility Costs

California Electric Utility Requests 30 Percent Rate Hike

Portland, Ore.-Area Aluminum Smelters Pursue Innovative Utility Plans

Department of Energy Extends California-Based Firm's Washington Site Contract

Philadelphia-Based Water Boiler Firm Prospers Despite Area Blight

Freezing Temps a Major Concern for Pennsylvania Residents without Heat

Philadelphia Gas Works Requests $140 Million Rate Hike

Brookport, Ill., Plans Fee Hikes to Cut Overuse of Water

North Brunswick, N.J., Water Plant Shuts Down

PSE&G Relative Expands Stake in Tunisian Power Plant

Natural Gas Prices Flirt with $10 Barrier

Attorney to Retires from Post at Harrisburg, Pa.-Based Energy Association

New Smyrna Beach, Fla., Officials Ask Supreme Court to Open Energy Market

Escondido, Calif., Council Approves Power Plant Query

Nuclear Commission Approves Raleigh, N.C.-Based Utility's Nuclear Plant Plan

British Trade Secretary Opens Door for Possible Bid on Utility Giant

British Energy Firm to Sell Stake in Field for $150 Million

Stocks of California Utilities Rebound As Commission Pursues Rate Increases

Energy Seeks Approval As Texas Retail Electric Provider; Some Details Vague

-Atlanta Regulators Issue New Rules for Natural Gas Bills

Oklahoma City-Area Subdivision Features Homes with Geothermal Energy Systems

----------------------------------------------------------------------
REUTERS
----------------------------------------------------------------------
Access stories online at: http://207.32.82.57/news/ElectricPower.html

UPDATE 2-Nader says Calif. utitilies should be allowed to fail

UPDATE 1-Winter keeps grip on U.S.; new storm arrives

US Corp Bonds-DaimlerChrysler weakens, trade thin

California power woes crimp stranded cost bonds

PSNC says higher natgas prices mean higher N.C. rates

Court likely to rule on FERC suit in 2 weeks-lawyer

S&P may cut Gener SA BBB-plus rating

Storm snarls I-20, strands travelers in Texas town

Chilly US winter, higher gas prices mean big bills

Ice, snow leave 335,000 in US South powerless for 4th day

Moody's comments on Calif crisis,securitized bonds

U.S. municipals see Calif. utility paper sink

Argentine gov't to decree public works plan on Thurs

UPDATE 1-North Korea seeks South's help on power supply

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RETAIL: WHAT WENT WRONG, HOW TO FIX IT. Retail electric deregulation has thus
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News releases may be submitted to The PowerMarketers.com Power Report via
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Copyright 2000 by PowerMarketers.com: http://www.powermarketers.com/

The PowerMarketers.com Power Report is a complimentary service of The Power
Marketing Association. Headlines are copyrighted by their respective
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Subscriptions to the PowerMarketers.com Power Report are free - you will
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(2) , send a message to pma@powermarketers.com. Include "unsubscribe" in the
subject and include your name and email address for confirmation.


Greetings:

My apologies for the delay in sending out this message.

We will be holding a PR call tomorrow at 11:00 a.m. to discuss this week's
session as well as ongoing PR efforts responsive to recent announcements and
what we are doing to move forward.

Agenda Includes:

o McNally/Temple Update/Upcoming issues

o Edson/Modisette Update/upcoming issues

o Upcoming Meetings
o Coalition Building

The call in number is 888-232-0365
Pass code: 111756

Let me know if you want to add anything to the rough agenda.
Thanks!

Katie Kaplan
Manager of State Policy Affairs
Independent Energy Producers Association
(916) 448-9499


We'll get this offer out today, Vince.

Molly

 -----Original Message-----
From:  Kaminski, Vince
Sent: Friday, April 13, 2001 10:03 AM
To: Molly Magee/HOU/ECT@ENRON
Cc: Kaminski, Vince; Crenshaw, Shirley; Huang, Alex
Subject: my resume

Molly,

We would like to bring this student as a summer intern (the last one,
we are running out of space).

I shall send you another message regarding his proposed dates.

Thanks. I hope you have a very Happy Easter.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/13/2001
10:03 AM ---------------------------

Zhendong Xia <dengie@isye.gatech.edu> on 04/12/2001 03:58:25 PM
To: Vince.J.Kaminski@enron.com
cc:
Subject: my resume

Hi, Dr. Kaminski:

    Glad to get your reply. Here is my resueme. If you wanna know more
about me, please feel free to contact me. Thanks.

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

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

 - cv.doc << File: cv.doc >>


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List Removal/OPT-OUT Option Click Here m


We went to an Astros day game about two weeks ago and saw this guy after
the game.  He was so proud of his mullet.

Watch him spread his mullet out like a peacock would spread its feathers as
a sign of beauty.

(See attached file: Filming_the_Mullett_Man.MPG)

 - Filming_the_Mullett_Man.MPG


In response to the FERC Order on the California marketplace, Ridgeway Power
filed comments argueing for a waiver of QF regulations in order to incent
more power into the California marketplace.  IEP discussed this concept with
FERC Commissioners today and the Commission issued late today an Order
Granting Emergency Waiver of QF Regulations for the remainder of this year.
This order is attached as part of an additional order by FERC granting the
CAISO request for implementation of a $250 "soft cap" plus penalities for
failue to respond to CAISO dispatch orders during an emergency.

For QFs positioned to take advantage of the FERC Order, IEP suggests (1)
procure legal advice because in essense you have an existing contract with
the utility, (2) contact your utility/contract holder, and as appropriate
move to implement the FERC Order.  Your existing bilateral contract with the
utility provides for a SRAC based payment mechanism which appears to apply
under the FERC Order.   Note, however, that the waiver at this time only
applies through the end of this year.  You may have other options as well.

----- Original Message -----
From: Katie Kaplan <kaplan@iepa.com>
To: Steven Kelly <steven@iepa.com>
Sent: Friday, December 08, 2000 4:47 PM

>
>
> Katie Kaplan
> Manager of State Policy Affairs
> Independent Energy Producers Association
> (916) 448-9499
>
>

 - 12-8-00.wpd
 - 12-08-00-2.pdf
 - 12-08-00-3.wpd
 - ca-relief.pdf


Just a reminder:

As we discussed at the policy committee offsite, I am assembling the goals
and objectives for the Board.

Please send yours to me by close of business, Tuesday, Feb. 6.

Thanks.


The report named:
<http://trv.dev.corp.enron.com/linkFromExcel.asp?report_cd=6&report_name
=Storage+P/L&category_cd=4&category_name=TEXAS&toc_hide=1&sTV1=4&TV1Exp=
Y&current_efct_date=05/29/2001> Storage P/L, published as of 05/29/2001
is now available for viewing on the website.


---------------------- Forwarded by Steven J Kean/HOU/EES on 08/01/2000 06:56
PM ---------------------------

Peggy Mahoney
08/01/2000 01:48 PM
To: Karen L Williams/HOU/EES@EES, Mark Palmer/Corp/Enron@ENRON, Steven J
Kean/HOU/EES@EES, James D Steffes/HOU/EES@EES, Jeff Dasovich/SFO/EES@EES
cc:
Subject: Duke release and news conference

Duke is holding a news conference at 3pm Central Time.  Call in number is
below.

Duke Energy Offers Governor Davis Solutions to California's Power Supply
Shortfall

     Committing to Deliver 3,000 Megawatts of New Supply to California
               And a Five-Year Fixed Price Supply Contract

    HOUSTON AND MOSS LANDING, Calif., July 31 /PRNewswire/ -- Duke Energy
North America (DENA) today offered to California Governor Gray Davis specific
solutions to address the state's electricity supply shortage proposing to
deliver 3,000 megawatts of new supply through the construction of generation
facilities.  In addition, DENA proposed a five-year, fixed-price supply
contract to incumbent utilities to address the immediate concern with volatile
electricity prices.
    "California's high electricity prices during peak-demand periods result
from insufficient supply to meet the demand," said Jim Donnell, president and
chief executive officer of DENA.  "In the past ten years, no significant new
power generation facilities have been built in California.  During the same
period, peak demand has risen more than 10,000 megawatts.  This combination
has caused the state's reserve margin to fall to less than 2 percent, which
necessarily results in higher prices and abnormal volatility."
    Under current procedures, it takes in excess of four years to deliver new
power generation in California.  To add substantial incremental generating
capacity to California, DENA proposed Governor Davis use his existing
authority under the California Emergency Services Act to streamline the
permitting process to facilitate the rapid construction of environmentally
friendly generation by 2001.  DENA also asked the governor to use his current
authority to allow California utilities to enter into bilateral contracts with
energy providers, so they could better manage their exposure to high energy
prices.
    To help solve the state's supply shortfall, DENA said it remained
committed to adding substantial generation in California.  Within two months
and upon receiving final regulatory approvals, the company will begin
construction on 1,000 megawatts at its Moss Landing facility.  The expansion
of the current 1,478-megawatt facility will be in commercial operation by
summer 2002.  And, with an expedited permitting process, DENA could deploy its
available resources to construct an additional 500 megawatts for commercial
operation in 2001 and 1,500 megawatts for 2002.
    To address the concern associated with the high energy prices experienced
this year, DENA offered to provide up to 2,000 megawatts of electricity to the
incumbent utilities at $50 per megawatt-hour for a five-year period beginning
Sept. 1, 2000.  This would mitigate the exposure to price spikes, for a
reasonable time period during which additional generation resources can be
built.
    "DENA is committed to help bring electricity price stability for the
citizens of California through these proposals," Donnell said.  "We are
confident that our expertise in building and operating power generation
facilities can help resolve the supply crisis."
    Duke Energy North America (DENA), is a leading wholesale energy services
company.  DENA, and its affiliates, including Duke Energy Trading and
Marketing, provides natural gas and power supply and services, and risk
management products to wholesale energy producers and users.  DENA also
develops, owns and manages a portfolio of merchant generation facilities.
DENA is a wholly owned subsidiary of Duke Energy.
    Duke Energy (NYSE: DUK), a diversified multinational energy company,
creates value for customers and shareholders through an integrated network of
energy assets and expertise.  Duke Energy manages a dynamic portfolio of
natural gas and electric supply, delivery and trading businesses -- generating
revenues of nearly $22 billion in 1999.  Duke Energy, headquartered in
Charlotte, N.C., is a Fortune 100 company traded on the New York Stock
Exchange under the symbol DUK.  More information about the company is
available on the Internet at:  http://www.duke-energy.com .

SOURCE  Duke Energy Corporation

Web site:  http://www.duke-energy.com

Company News On-Call:  http://www.prnewswire.com/comp/257451.html
or fax, 800-758-5804, ext. 257451

CONTACT: Tom Williams, California, 805-595-4270, or pager,
877-364-5170, or Bryant Kinney, 704-382-2208, both of Duke Energy
Corporation

EDITOR'S ADVISORY: Duke Energy North America will hold an
audioconference today at 1 p.m. Pacific time.  Jim Donnell,
president and chief executive officer, will discuss DENA's
position and proposed solutions for California's power supply
crisis.  Media representatives should dial 800/289-0437 and
provide access code 744661 to participate in the call.  The call
will be replayed later this afternoon.  Dial 888/203-1112 for the
replay and use the same access code above.


Here are our picks for the incoming class.

Gas

Analysts:

Gabrial Chavez
Nate Blackburn
Phillip Berry (Maybe for Sally Beck or Beth Perlman)
Sachin Gandhi
Miguel Nasser
James Wininger

Associates

Dustin Collins
Vikas Dwivedi
Li Sun

Power

Analysts:

Elizabeth Johnston
Possey Martinez
Gary Justice

Associates:

Doug Seaworth
Dustin Collins
Eduardo Gil
Pearce Hammond
David Maskel
Michael Kelly

Please confirm how many of these we can lock up.

Lavo


Updated questions and answers for Enron employees have just been posted to http://home.enron.com/updates/qa.html
We recognize that as active employees you have special concerns and questions related to Enron's bankruptcy filing.  We regret that we are not able to answer all of your questions as quickly as you deserve, but we are working to provide accurate responses to your most important questions about employee benefits, expense payments and so on.  We appreciate your patience as we continue to try to provide timely and reliable information to you.


It was derated by 3200 MW, raising Mid-Columbia prices by $50-75/MWh.  It's
not effecting Cal ISO's return of power because that power is flowing on
different transmission, from the Nevada Oregon Border north, not from the
California Oregon border North.
---------------------- Forwarded by Mary Hain/HOU/ECT on 01/26/2001 10:56 AM
---------------------------

	Enron Capital & Trade Resources Corp.

	From:  "Gannett, Craig" <CraigGannett@DWT.COM>
01/26/2001 10:53 AM

To: "'Mary.Hain@enron.com'" <Mary.Hain@enron.com>
cc: James.D.Steffes@enron.com, csandhe@enron.com, Sean.Crandall@enron.com,
Tim.Belden@enron.com
Subject: RE: COB Exports denied

 I like the idea alot, and I'll call you later this morning.  In the
meantime, do we have any idea how much power is being kept in CA by the
transmission derating?    How much is it affecting the market price in the
NW?  Is it also affecting CA's ability to return power to BPA pursuant to
the one-for-two exchange agreement?  I know these are probably tough
questions to answer, but the staff of NW members will want our best
estimate.

 Craig

-----Original Message-----
From: Mary.Hain@enron.com [mailto:Mary.Hain@enron.com]
Sent: Friday, January 26, 2001 10:27 AM
To: Gannett, Craig
Cc: James.D.Steffes@enron.com; csandhe@enron.com;
Sean.Crandall@enron.com; Tim.Belden@enron.com
Subject: COB Exports denied

From an operational perspective, during a Stage 3 Emergencies, the ISO has
three options available to keep the lights on.   It can (1) buy more power
(under its DOE granted Section 202(c) authority), (2) cut scheduled power
transactions, or (3) derate transmission capacity used to export power from
its system.  The Cal ISO has recently been derating to zero transmission
capacity to the Northwest (option 3).  Because transmission users can't get
capacity to sell their power outside California, the effect is that the ISO
gets cheaper power over customers in the NW.

I was thinking of a political approach to solving this problem.  I was
wondering if you could work with your contacts to mobilize NW Senators (?)
to write a letter to the California ISO and the Governor; you might even
get Steve Wright to sign on given that this  situation must make it more
difficult for him to balance his budget.

The central theme of the letter would point out what a hue and cry there
would be if BPA engaged in such actions and that California is simply
trying to get cheaper power than the rest of the region.  It could also
point out that the Cal ISO already has the mechanism of the Secretary of
Energy's Section 202(c) orders to get the power it needs for an emergency
and that this order is fairer because it allows market participants to have
a just and reasonable rate determined (albeit after the fact) for the
power.  I wouldn't bring up the ISO's authority to cut scheduled power
transactions.  I don't think we want to encourage that.

What do you think?  Call me.


i got a few of them.  i have a rash now in my lap.


MWilczek@nyiso.com writes to the NYISO_TECH_EXCHANGE Discussion List:

The NYISO is reserving hours beginning 9:00-11:00 and 14:00-22:00 in the
October 19, 2001
Real-Time Market as well as the following hours per ECA 20010608B to verify
prices:

HQ:  8:00 and 22:00
OH:  8:00 and 22:00
NE:  8:00 and 22:00
PJM:      1:00, 8:00 and 22:00

In addition, the NYISO is reserving all ancillary service prices for hours
beginning 12:00 and 17:00 in the October 19, 2001 Hour-Ahead Market.

Prices in the October 20, 2001 Day-Ahead Market are correct.

This e-mail information is a copy of the official posting which can be
found at the following address of our website:
http://mis.nyiso.com/public/htm/OperMessages/CurrentOperMessages.htm#mm


SIGNIFICANT ISSUES

Keenansville, NC, ENA - Dan Williams (Tech Support, East Power) contacted Susan Worthen regarding environmental due diligence support for a 35 MW coal fired power plant in North Carolina.  The strategy is to purchase (100%) and immediately divest.  Don Stevens is preparing the Environmental Assessment Report based on his site visit last week.  No significant risks were identified.

Rassau Power Station - Joe Kolb recently received from Alan Stringer the March 2001 supplemental environmental report for this 1200 MW Combined Cycle gas turbine plant proposed for construction in Wales.  A major concern is that the plant site, while in an industrial park, is only 500 meters from the edge of a national park.  Joe is coordinating his review with Catherine McKalip-Thompson.

Record Keeping Retraining Program Issued - Russell Tucker completed a 3 part self-paced retraining program and distributed it to all Enron safety managers/directors for their use in retraining those responsible for keeping OSHA injury/illness records.

Renewable Energy Origination & Trading Opportunities - Stacy Bolton organized a meeting on August 16 with commercial and corporate and corporate groups to discuss origination and trading opportunities in the renewable power sector.  The meeting was coordinated with the ENA Renewable Power Desk in order to discuss the significant opportunities the could result from combining Enron's skills in the wholesale market, huge customer base at EES, and regulatory/strategic expertise with the increasing level of green power commitments in the public and private sectors.

Global Climate Change Impacts/Opportunities - Lisa Jacobson provided Enron Europe with analysis of commercial opportunities and impacts of the proposed rules to implement the Kyoto Protocol.  Specifically, commercial groups are interested in the rules for international emissions trading, project-based mechanisms, technology definitions under the Clean Development Mechanism and Joint Implementation in order to assess opportunities for GHG related businesses and impact to existing or future contracts.

Multipollutant Legislation and New Source Review - Jeff Keeler met with staff at the White House Council on Environmental Quality to discuss strategic options for the Administration and how our Clean Power Group legislative proposal can assist them substantively and politically in formulating their multipollutant and new source review plan.

EUROPE

UK, Teesside EPOL - Alan Stringer attended Teesside site to provide support in the accident investigation and provided information to Houston.

ENRON GLOBAL ASSETS
(Central America, South America and Asia)

Colombia, Promigas and Centragas Companies - Ops. Audit Action Items - Edgar Zuleta contacted Lewis May to discuss open audit action items and determine the needs to resolve these issues. Edgar will assist in the closure of these items.

ACQUISITIONS, TOLLING AGREEMENTS, etc.

Project Nero, Industrial Markets - Susan Worthen provided a scope of work for a Phase I assessment and a list of potential EHS records to Ron Coker, Industrial Markets.  IM is considering the acquisition of pulp mills located in Sweden and Spain and has requested dd support from EHS Risk Assessment and Reporting.

UK, Enron Metals Project McCook Tolling Agreement - Susan Worthen is working with PGE on the environmental due diligence of an aluminum smelting facility and alumina storage facility in Longview, WA.  The financial situation of the proposed commercial partner has changed and the project is being re-evaluated in light of this change.

Leaf River, MS, Industrial Markets - Eric Connor contacted Susan Worthen and Don Stevens regarding the potential acquisition of Georgia Pacific's ownership in the Leaf River mill near Mobile, AL.

Project Splinter, EWS/EGM - Potential crack spread swap on a refinery.  Environmental risk potential regarding value of asset relative to potential environmental liabilities.  Don Stevens conducted a site visit on August 10, 2001.  Follow-up recommendations for the deal team is a complete review of the facility's current compliance status with air quality regulations and Process Safety Management requirements and an evaluation of the actions that the facility must take in order to implement proposed facility modifications on schedule.  The site does have existing contamination/clean-up that is being negotiated with EPA and the estimated cleanup cost remaining is $6 - $12 MM.

Project Fireball, EGM - EGM is looking at the potential acquisition ($700 MM) of two surface mines in the Powder River Basin by the end of August.  Marc Phillips completed an assessment of potential air quality regulatory impacts and Susan Worthen provided an evaluation of a Phase I report completed by a third-party.  Follow-up recommendations were made regarding the possibility of PCBs at one of the surface mines.  Susan is waiting for a copy of the reps and warranties that the seller is preparing.

Project Miracle, ENA - Divestiture of a 263 MW cogen facility located in Cleburne, TX.  Don Stevens conducted an environmental files review of the facility on August 15, 2001 in order to assist with the SPA rep's and warranties.

DEPARTMENT PROJECTS

Phase II EHS Web Site- Phase II was launched today. The ads for E-TV started today and will continue for the next couple of weeks advertising the site. Also, Gavin has informed several groups through email.

Biodiesel - Gavin Dillingham is continuing to work with Darren Maloney and the liquids group in developing a strategy for Enron to enter into the bio-fuels market. Darren has asked Gavin to work with him on determining opportunities on the biodiesel side.

REGULATORY TECHNICAL ANALYSIS
Assistance to the Corp-Xcelerator Group - Russell Tucker responded to a request for regulatory clarification of the DOT's Hours of Service rules from the Enron Corp-Xcelerator group , a type of think tank group looking into a long haul trucking venture.
Methanol Plant NOx Allowances  Marc Phillips calculated the NOx emission allowances available to the plant under TNRCC's cap and trade program, and discussed the value of the allowances with an EGM emissions trader.


Please find the attached EES Volumetric NYMEX and Basis positions for
7/31/2000.   I expect our position to be about 300 contracts shorter on Nymex.

Thanks,

Monica Hwang


Will everyone please update this hot list and send it back to me.  I think that we are going to have a meeting today.
Thanks,
Mara


--- Automatic Notification System ( Request #: ECTH-4NPKMD )
Requested For: Sara Shackleton
Requested By:  Janette Elbertson

Your order (see below) has been processed and the equipment is in stock.
Please allow 3 to 5 days for configuration and delivery. You will be notified
when a technician has been assigned.

15IN TFT 5010 OPAL


Jeff -

Jean and I wanted to say thank you for the beautiful flowers you sent along.
They brightened up the place, as did copious quantities of vodka, gin, and
bourbon (mixed liberally with Reggae music).

I have been away in NYC for most of the week, and am headed there again on
Monday, so my apologies for this tardy "gracias".  I did see the Venetian
Glass
show at the American Craft Museum, and it was quite good.  Hope to stop by
Barry
Friedman's next week for his show, but business may interfere.

Glad to see you making headway toward becoming a neighbor.  Hope to see you
when
time permits.

JRG


Hey Lady,

How was your holiday and time off?  Hope everything is well with you!

Nicor is inquiring about their netting agreement, what is the status?

Thank you.

 -----Original Message-----
From: 	Mims, Patrice L.
Sent:	Monday, November 19, 2001 11:17 AM
To:	Perlingiere, Debra
Subject:	FW: NETTING AGREEMENT

Hi Debra,

Nicor Gas Company wants to amend our base contract (their form of agreement) to add some "netting language".  Please review ASAP and let me know what you think.  I am most anxious to get this amendment reviewed, as this is our biggest LDC in the Midwest and they are continuing to do business with us, and have even sleeved some deals for us, when others would not sell to us.

I will be on vacation Tuesday and Wednesday,so I would appreicate your help.  As always, tomorrow I can be reached on my cell if you need me.

Thanks

P.S. Did you get ahold of Mr. Hunt from Nicor yet.

 -----Original Message-----
From: 	"Shirley Holmes" <SHolmes@nicor.com>@ENRON
Sent:	Friday, November 16, 2001 5:42 PM
To:	Pmims@enron.com
Subject:	NETTING AGREEMENT

Patrice, per our conversation.  Please look the attached over and give me a call.  Thanks,   Shirley

 - 11-12-01.doc << File: 11-12-01.doc >>


We are in bid week right now, so I have to work late and can not take
vacation, so I am catching a 10 p.m. flight out tomorrow and get to auburn
about 2 a.m.  I will be at your brother's by 7:15 a.m. on game day - you
better be ready.  I am coming in on Thursday night for the Georgia game and
may stay in Birmingham that night...any vacancies?  I think we may play golf
on Friday.
PL


FYI
---------------------- Forwarded by David W Delainey/HOU/ECT on 11/22/2000
08:31 AM ---------------------------

	From:  William S Bradford                           11/21/2000 08:09 PM

To: David W Delainey/HOU/ECT@ECT
cc: Jeffrey McMahon/HOU/ECT@ECT, Rick Buy/HOU/ECT@ECT
Subject: Wheeling-Pittsburgh Steel Corporation

Dave,

I am sending this in response to your query regarding the slow payment from
Wheeling Pittsburgh.  Wheeling Pittsburgh has allegedly filed bankruptcy some
time last week.  Legal is trying to obtain the bankruptcy filing we are
beginning to solidfy our potential claim.   Our current exposure is
approximately $1.55mm ($1.07mm in receivable and $375k MTM).  We are working
with the steel team (the deal was orginated by Tammy Mulrooney) and legal to
determine our rights under our contract.  We will keep you posted with any
updates.

Let me know if you have any questions.
Bill


---------------------- Forwarded by Don Miller/HOU/ECT on 05/16/2000 03:13 PM
---------------------------

Bruce Sukaly@ENRON
05/16/2000 10:49 AM
To: Don Miller/HOU/ECT@ECT
cc:
Subject: Changes

After talking to the Bradford, I changed the credit charge to be negotiated.
I'm trying to get a meeting with Tracy Ngo of Credit to discuss the issues in
more depth.  We're at the point of "too many cooks" since we haven't even
talked to Orion.


When: Wednesday, August 08, 2001 2:30 PM-3:30 PM (GMT-06:00) Central Time (US & Canada).
Where: EB30C2

*~*~*~*~*~*~*~*~*~*

This is a Video conf. room so you could get kicked out if they have a video meeting they need to put in there.  I think it's very rare but I wanted to let you know anyway.  :)

Sonia


The problem is back.  For a while I couldn't send an email to the wrong Steve
even if I tried, but now the computer's doing its own thing again.  I'll try
to remember to use "steven" but my recollection is that that didn't always
work either.  Thanks.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 02/01/2000
01:35 PM ---------------------------

Steve Harris@ECT
02/01/2000 08:33 AM
To: Drew Fossum/ET&S/Enron@ENRON
cc:

Subject: Re: Gallup - Conversion Agreement Pricing

Drew, I've forwaded the "real" Steven Harris this e-mail.  I think the main
problem w/ the e-mail
confusion is the name ending (i.e. his is Steven and ends with an "n", and
mine is just Steve w/
an "e").  Please update your address database for this change.

Thanks,
Steve

	Enron North America Corp.

	From:  Drew Fossum @ ENRON                           01/31/2000 05:54 PM

To: Mark Knippa/HOU/ECT@ECT
cc: David Foti/ET&S/Enron@ENRON, Steve Harris/HOU/ECT@ECT, Michel
Nelson/ET&S/Enron@ENRON, Mary Kay Miller/ET&S/Enron@ENRON, Mary Kay
Miller/ET&S/Enron@ENRON, Susan Scott/ET&S/Enron@ENRON
Subject: Re: Gallup - Conversion Agreement Pricing

Mark, I understand we need to act very quickly once we have turned you loose
to price the swap.  I think this is a Harris and Nelson call, so lets talk
tomorrow.  I'll look at the contracts again to verify our risks in locking in
before we are 100% sure we are going ahead with the project.  DF

Mark Knippa@ECT
01/31/2000 04:27 PM
To: David Foti/ET&S/Enron@ENRON, Steve Harris/HOU/ECT@ECT, Drew
Fossum/ET&S/Enron@ENRON
cc:

Subject: Gallup - Conversion Agreement Pricing

Just wanted to communicate that I contacted Drew earlier today to suggest that
we check the pricing and execute the Conversion Agreement for Gallup.   As you
guys know, the recent price valuation for deliveries associated with Gallup
have been
well below the earlier market quotes.

 Given the short term market reaction to the colder weather, we may be able
establish
prices similar to the earlier market quote.   Based on the response from Dave
and Drew
I have requested the pricing and hope to have that information by mid-day
tomorrow.


Please call John Arnold and ask him where the traders are coming out on
this.  Let me know.  Mark


Yes.  I need a new keyboard.

Thanks,
Mike

 -----Original Message-----
From: 	Jordan, Paul
Sent:	Wednesday, October 10, 2001 10:20 AM
To:	Grigsby, Mike
Subject:	Bloomberg Keyboard

Mike,

It is my understanding you are no longer using Bloomberg. Please let me know when I may pick up your Bloomberg keyboard. Also, do you need a replacement keyboard? Please reply at your earliest convenience.

Thanks,

Paul Jordan
Enron Net Works
Market Data Analyst
Paul.Jordan@enron.com
(713) 853-0320


-----Original Message-----
From: 	Forster, David
Sent:	Friday, September 28, 2001 1:07 PM
To:	Kitchen, Louise
Subject:	FW: ENA and EES Industrial SIC Codes

Louise,

Attached is the original email from Dave Delainey and John Lavorato. In my opinion, utilities and municipalities do not fall within the EES target market of being "less energy intensive and less sophisticated in their management of energy" (see below). Neither would aggregators fall into this category.

I am also concerned about the principle of EES approaching utilities to encourage them to act as an EES sales agent. I believe this ultimately results in little more than aggregation of load into wholesale levels - and in any case, results in multiple representatives from Enron pitching products which achieve similar results from the customer's perspective.

In addition, providing EES load management solutions may jeopordize other ENA projects which require that load (services deals, plant construction, etc. in addition to the usual wholesale product suite). I am concerned about the risk (however slight) posed by the EES activity as ENA actively tries to develop relationships with these customers and to close substantial wholesale transactions.

I'll wait for your thoughts on Monday before I go to EES with these concerns.

Thanks,

Dave

 -----Original Message-----
From: 	Enron Announcements/Corp/Enron@ENRON [mailto:IMCEANOTES-Enron+20Announcements_Corp_Enron+40ENRON@ENRON.com]  On Behalf Of John Lavorato & Dave Delainey@ENRON
Sent:	Friday, June 22, 2001 3:05 PM
To:	ENA Employees@ENRON; EES_Employees@EES
Subject:	ENA and EES Industrial SIC Codes

INTEROFFICE MEMO

From: John Lavorato & Dave Delainey

To: All of ENA and EES

Re: ENA and EES Industrial SIC Codes

As Enron continues to build its origination and customer business in the US, it is becoming increasingly important that both ENA and EES target the appropriate industries and customers with our respective value propositions.  Double coverage and duplication waste resources and damages Enron's reputation in the market place.  It is also important that the right product, solution and sales technique are utilized to ensure the maximum benefit for our customers and Enron.

Consistent with the past, EES will be focused on those SIC codes or industries that are less energy intensive and are less sophisticated in their management of energy.  ENA shall continue to target and cover those industries and customers that are very energy intensive and employ significant process load.  We ask that both organizations respect the boundary.  In those few cases where this policy is not appropriate, please over communicate to ensure close coordination between ENA and EES before customer contact.

Effective immediately in the US and regardless of total energy consumption or number of sites, the following SIC codes have coverage responsibility in ENA.  All other industrial and commercial SIC codes and activity will be managed by EES.

ENA SIC Codes:

Primary Metals Mining and Extraction
Oil and Gas Extraction
Paper and Forest Products
Chemicals - except for pharmaceutical, biotech and small specialty chemical that will be EES customers
Refining
Petroleum and Coal Manufacturing
Plastics and Rubber Manufacturing
Fertilizer
Rail
Auto - restricted to the Big Three - Ford, GM and Daimler-Chrysler
Cement
Aerospace - restricted to Boeing, Raytheon, GE Aircraft, Allied Signal, Hamilton-Sundstrom
Large Agricultural Processing


James Questionable for Nov 4 Game

Entire story:   http://espn.go.com/nfl/news/2001/1026/1269528.html

Clipped from the ESPN.com article:

INDIANAPOLIS -- Two-time NFL rushing champ Edgerrin James could miss the
Indianapolis Colts game next week at Buffalo because of a sprained left
knee.

James injured the knee with about 41/2 minutes remaining in Thursday's 35-28
victory at Kansas City. James was hurt when his foot stuck in the Arrowhead
Stadium grass as linebacker Marvcus Patton tackled him.

Colts coach Jim Mora said James had an MRI exam Friday that confirmed he had
a sprained knee -- but no structural damage.

Mora listed James as questionable, meaning there's a 50-50 chance he would
play Nov. 4 against the Bills.

"The MRI showed that it was sprained, which was basically the prognosis last
night," Mora said. "I haven't talked to him today, but (trainer) Hunter
(Smith) has, and he said Edgerrin felt pretty good."

James and other Colts players were not available Friday because Mora gave
them three days off.

James won rushing titles in each of his first two NFL seasons and, through
six games this season, is in contention for a third straight crown.

On Thursday, James carried 27 times for 102 yards. It was his fifth 100-yard
game this season and the 24th of his career, which tied the team record set
by Eric Dickerson.

Earlier this season, James tied Jim Brown as the second-fastest running back
to 3,500 yards rushing, which he achieved in 34 games. James has 3,924 yards
rushing in his career.

The knee injury, however, has put James' streak of 38 consecutive starts in
jeopardy. Indianapolis doesn't practice again until Monday, and Mora said he
"doubted" James would practice then.

"We've still got nine days before we play again," Mora said. "So we're going
to take it day by day."

If James cannot go, the Colts appear to have found a more than adequate
replacement in backup Dominic Rhodes.

Until Thursday, Rhodes, a rookie free agent from Midwestern Texas State, had
carried six times for 56 yards.

In James' absence Friday, Rhodes burst onto the scene by returning a kickoff
88 yards for one touchdown, then racing 77 yards for another touchdown on
his fourth carry.

Rhodes' run was the fourth-longest in franchise history and the longest by a
Colt since Tom Matte raced 80 yards against the St. Louis Cardinals on Oct.
12, 1964.

"I was just glad to get the opportunity," Rhodes said after the game. "I
wish it wasn't because Edgerrin got hurt. (Running backs) Coach (Gene) Huey
has been telling me to just hang in there and my time would come. I guess he
was right tonight."

Rhodes outran Chiefs defenders to the end zone on both touchdown runs and
played well enough to put Mora's mind at ease -- if James cannot play a week
from Sunday.

"I feel very good about Dominic Rhodes," Mora said. "He's done nothing but
show us he can be a good back in this league. He hits it hard and he has
good hands."

That's one reason Rhodes might continue returning kickoffs even if he
replaces James against the Bills.

Mora said he would wait to see if Terrence Wilkins could return. The wide
receiver-returner has missed the last two games with broken ribs. If neither
Wilkins nor James plays, Rhodes is likely to see double duty.

But Mora remains optimistic that James will heal during the nine-day break
between games.

"We'll take it day by day," Mora said. "We'll put him down as questionable
right now, but we're hoping he can play."

[ [ [ [ [ [ [ [ [ [ [ [ [  OUR VIEW  ] ] ] ] ] ] ] ] ] ] ] ] ] ] ] ]

Clearly, not great news but also better than it might have been.   Dominic
Rhodes could be a great insurance pickup if he's still available.   This
will certainly be a hot topic and something we'll stay on top of for you.

Joe

/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/**/

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Jinbaek,

Thanks for your message.

We have a number of additional  fascinating projects that you can work
on.  As a matter of fact, it would be great to have you here earlier.

Vince

"Jinbaek Kim" <jinbaek@ieor.berkeley.edu> on 05/02/2001 05:18:32 AM
To: <Vince.J.Kaminski@enron.com>, "Raghavan, Suresh"
<Suresh.Raghavan@ENRON.com>, "Mesquita, Ross" <Ross.Mesquita@ENRON.com>
cc: <jinbaek@ieor.berkeley.edu>
Subject: summer work..

Long time no see,
How have you been...must be busy and living a challenging life?
I have been pretty busy too,
to finish a project and write a paper, these days.

Everything looks going OK for my summer internship.
I took necessary steps to work out of campus, and sent
signed contract to Molly a week ago..

Here is what I am expecting to do in the summer.
Please let me know if you have any change in mind.
Actually, I wonder a little bit if DealBench changed its business model...
and maybe you got priority in something different
because it has been quite a while since we talked.
I'd like to what's going on in DealBench team...
Raghavan and Ross,
if we talk over phone it will be great!

Dr. Kaminski,
If you think there is something else interesting to work with during the
summer,
to both you and I, please let me know.
My interest is auction, market design, and simulation.
I am taking a financial engineering class, (mostly on option pricing)
and working on electricity generator valuation problem based on
spark spread option.

All of you,
Let's keep in touch until we meet in June!!

Best Regards,
Jinbaek

Tentative Work Period: 6/4 - 8/4

1. Tasks:
1) Survey on Auctions: the State of Art
Single-item auction, Multi-Unit auction, Sequential auction,
Multi-attribute auction, Combinatorial auction

 - Theoretical
 - Experimental
 - Algorithmical

2) Deal Bench's Auction Model Analysis

2. Deliverables:
1) 3 Presentations:
 - 1st presentation: around 6/30: on different auction types and researches
 - 2nd presentation: around 7/15: the State of Art in auction studies
 - 3rd presentation: around 8/1: Deal bench's model analysis

2) Report:
Summary of auction study in laymen's term
Deal bench's model analysis


Dan Douglass summarized this.  This really puts CA and the ISO on notice that
they cannot confiscate the power as they seem ready to do -- FERC reiterates
that the generators can sell power wherever they want because the cap is a
cap on ISO purchases.  ANd if the ISO want to set a sale price cap it has to
file with FERC, wait 60 days and amend its contract
---------------------- Forwarded by Susan J Mara/SFO/EES on 08/01/2000 01:01
AM ---------------------------

"Daniel Douglass" <douglass@ArterHadden.com> on 07/31/2000 07:27:24 PM
To: <peter.bray@att.net>, <JBarthrop@electric.com>, <mnelson@electric.com>,
<rschlanert@electric.com>, <Bruno_Gaillard@enron.com>, <kmagrude@enron.com>,
<mpetroch@enron.com>, <susan_j_mara@enron.com>, <athomas@newenergy.com>,
<bchen@newenergy.com>, <Jeff.Hanson@phaser.com>, <anchau@shellus.com>,
<andrew.madden@utility.com>, <ben.reyes@utility.com>,
<chris.king@utility.com>, <david.bayless@utility.com>
cc:
Subject: FERC Order on Morgan Stanley Complaint Against ISO

We have good news on the ISO price caps front.  The FERC has made it
clear that ISO does not have the ability to mandate that generators sell to
ISO at its price caps and that the proper response to inadequate supply is to
lift the price caps.

On Friday, the FERC issued its Order on Complaint in connection with the July
10 complaint filed by Morgan Stanley Capital Group Inc. ("MS").  As you may
recall, MS requested FERC to issue a stay of the ISO's maximum purchase price
authority and to direct the ISO to reverse any price cap reductions.  MS
sought Fast Track processing pursuant to Rule 206(h), which was granted by
FERC on the grounds that the complaint "warrants expeditious action."

As a quick background summary for you, last November, FERC issued an order
approving Tariff Amendment 21 which extended ISO's price cap authority
through 11/15/00.  That order stated that the ISO "maximum purchase price was
not a cap on what the seller may charge the ISO, but a cap on what the ISO
was willing to pay."  The Commission said that sellers dissatisfied with the
price cap could "choose to sell those services into the California Power
Exchange or bilateral markets."

FERC notes in Friday's Order that the 6/28 the ISO's Board resolution lowered
the caps to $500 and ISO further directed that, "To the extent permitted by
law, regulation and pre-existing contract, Management shall direct generators
to bid in all their capacity when system load exceeds 38,000 MW."

The MS complaint alleged that the cap reduction was unlawful and would,
"threaten the stability and integroty of the marketplace."  MS also requested
an emergency technical conference to examine ISO's justification for the
price cap reduction.

FERC denied the MS stay request, as well as its request that the $750 maximum
purchase price be reinstated.  The Commission reiterates that it is not
approving a cap on sellers' prices, because they can sell at whatever price
they want.  Rather ISO has simply stated the maximum price it is willing to
pay.  "Because sellers are not required to sell to the ISO, the ISO cannot
dictate their price."

Importantly, however, FERC also states that, "ISO has no more or less ability
to procure capacity and energy than any other buyer of these services....if
the ISO is unable to elicit sufficient supplies at or below its announced
purchase price ceiling (because generators are free to sell elsewhere if they
choose), it will have to raise its purchase price to the level necessary to
meet its needs."  [Emphasis added]  FERC then notes that this may lead to an
increase in Out of Market ("OOM") calls and that OOM calls are not subject to
a maximum purchase price.

Also, with regard to the ISO's resolution stating that generators must bid
their capacity into the ISO markets when system load exceeds 38,000 MW, FERC
states clearly that, "such a requirement is not permitted by our November  12
Order and the ISO tariff."  [Emphasis added]

FERC goes on to say that any requirement to sell to ISO in conjunction with a
maximum purchase price would require significant revisions to ISO's market
rules, which could not be made effective without a corresponding amendment to
ISO's tariff.  This would require 60 days' advance notice, "and could not be
implemented prior to Commission approval.  As stated above, our November 12
Order was clearly based on the premise that the proper response to inadequate
supply (due to a low maximum purchase price) is to raise the maximum purchase
price."

ISO is then "put on notice that any amendment to mandate sales must be
accompanied by a demonstration that this extreme measure is the proper
response to low supplies in the ISO markets."

Concurrences were filed by Commissioners Massey and Hebert.  Massey suggests
that the state has to facilitate solutions to market issues, such as risk
management tools, removing constraints on hedging opportunities, introducing
real time pricing through real time metering and expediting approval of new
generation and transmission projects in California.  Hebert says that the
previous November Order tried to "straddle the fence" and that, "Today, the
Commission at least starts to lean slightly in the right direction of
recognizing that we have a role."  He then reiterates his preference for
removing all price caps.  He also suggests that, "Getting to the bottom of
the problem, in my view, requires us to begin a proceeding to rescind our
approval of the ISO as operator of the California grid.  The record supports
such a move."  He refers approvingly to the Collins resignation letter,
stating that it, "thoughtfully outlines consequences to the market of a
return to 'command and control.' "  Hebert states that, "The independence of
the ISO's governing structure stands threatened.  We should 'stand up,' to
quote the resignation letter."  Hebert advocates opening a section 206
proceeding now, as part of the recently announced inquiry into bulk power
markets, "including the California markets."

This decision makes it clear that ISO cannot lower the caps at tomorrow's
meeting and expect that sellers will be required to sell to it at that
price.  This is an important development and very good news in our ongoing
efforts to seek economic sanity at the ISO.

Please call if you have any questions.

Dan


<<Julie Simon Document.DOC>>

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To reply to our email administrator directly, send an email to
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Dickstein Shapiro Morin & Oshinsky LLP
http://www.legalinnovators.com

 - Julie Simon Document.DOC


telkajdslkajfdlkasjdflkjsd


Attached are the one month prices for July.  Please contact me if you have any questions.
Peggy (403-974-6753)


As stated in my earlier email, the Company is under an obligation to retain, among other documents identified in the Bankruptcy Court's February 15, 2002 Order, a copy of which you all have received by email, all documents that relate to a pending or threatened investigation or lawsuit. As I am sure you are aware from reading the newspapers and watching television, because of the number of investigations and lawsuits the universe of relevant documents in just this one category covered by the Order is very large. You must retain all relevant company-related documents until these actual or threatened lawsuits and investigations are over. No one can then second-guess whether you destroyed a relevant document. However, many of you have requested guidance on what must be retained in this category of documents. To that end, attached are the various subject matters of subpoenas and document requests that we have received. While you should be sure to take the time to review the subpoenas and document requests themselves, some of the topics covered are the following:
1.  All special purpose entities (including, but not limited to, Whitewing, Marlin, Atlantic, Osprey, Braveheart, Yosemite, MEGS, Margaux, Backbone, Nahanni, Moose, Fishtail, and Blackhawk)
2. All LJM entities
3. Chewco
4. JEDI I and II
5. The Raptor structures
6. Related party transactions
7. Portland General acquisition
8. Elektro acquisition
9. Cuiaba project
10. Nowa Sarzyna project
11. Dabhol project
12. The Dynegy merger
13. All accounting records
14. All structured finance documents
15. Audit records
16. All records relating to purchases or sales of Enron stock
17. All records relating to Enron stock options
18. All records relating to the Enron Savings Plan, Cash Balance Plan, ESOP, and any other employee benefit plans
19. Communications with analysts
20. Communications with investors
21. Communications with credit rating agencies
22. All documents relating to California
23. All documents relating to Rio Piedras
24. All documents relating to pipeline safety
25. All corporate tax documents
26. All structured finance documents
27. ENA collateralized loan obligations
28. All periodic reports to management (including, but not limited to, VAR Reports, Daily Position Reports, Capital Portfolio Statements, Merchant Portfolio Statements, and Earnings Flash Reports)
29. All press releases and records of public statements
30. All DASHs
31. All policy manuals
32. All records relating to political contributions
33. All documents relating to or reflecting communications with the SEC, CFTC, FERC, or DOL
34. All documents relating to Enron's dark fiber optic cable
35. Mariner
36. Matrix
37. ECT Securities
38. Enron Online
39. All documents relating to the Enron PAC
40. All documents reflecting any communication with any federal agency, Congress, or the Executive Office of the President
41. All documents relating to Enron Broadband
42. Drafts and non-identical duplicates relating to any of the foregoing.
Though lengthy, this list is not inclusive. Please review the subpoenas and document requests for the precise topics covered. If you have any questions please contact Bob Williams, the Company's Litigation Manager, at (713) 345-2402 or email him at Robert.C.Williams@enron.com.
As always, thank you for your patience during this challenging time.


Josie,
Sign me up.
Thanks,
Bill

 -----Original Message-----
From: 	Jarnagin, Josie
Sent:	Tuesday, October 30, 2001 12:33 PM
To:	DL-Portland World Trade Center
Subject:	Flu Shots-Please Respond

Flu Shot Clinic Sponsored By Enron

When:  Tuesday, November 13, 2001
				        Time: 8:30 a.m.-10:30 a.m.
				        Where:  Enron 3WTC Office
					Who: Enron employees, spouses and domestic partners are 							welcome to participate

Please sign up, via email to Josie Jarnagin,  by Tuesday, November 6, 2001.


NUG?

-----Original Message-----
From: Kitchen, Louise
Sent: Sunday, September 23, 2001 9:12 PM
To: Lavorato, John
Subject: RE:

With Luce - not Shively (he'd gone).  They are all upset by Jean's approach, nothing to do with John Grass at all.  I think we move on NUG and worry about the way forward for Jean when we have our gas meeting - the origination heads plus Hunter and Arnold.

I think both her and Hunter feel that Jean is saying they do not know how to do their own jobs - eg managing Peoples.  Apparently there have been a few conversations between Jean and Origination/Trading Group heads but not Laura.

She fully agreed we want to keep Grass.

-----Original Message-----
From: Lavorato, John
Sent: Sunday, September 23, 2001 7:03 PM
To: Kitchen, Louise
Subject:

did you chat with luce and shively


Please find attached the above article from the Director, August 2001.

Kind Regards
Sarimah Black


If this is who( Governor Davis) DGA and NDN chooses to support despite the
fact that his lack of leadership has imposed  incalcuble pain and costs on
California,  please remove me from your e-mail and any other  lists from here
forward. Thank you.

"John Blandford"<blandford@smtp.democrats.org> on 06/27/2001 05:40:03 PM
To: <rshapiro@enron.com>
cc:

Subject: Reception Honoring Gov. Gray Davis

Senator Joe Lieberman, Congresswoman Jane and Dr. Sidney Harman
along with the Democratic Governors' Association & New Democrat Network
and the Democratic California Congressional Delegation

Invite you to attend a Reception benefiting
GOVERNOR GRAY DAVIS
of California

Hosted by Congresswoman Jane and Dr. Sidney Harman
with Special Guest Senator Joseph Lieberman

July 12, 2001
6:30-8:30 p.m.
Offices of Harman International
1101 Pennsylvania Avenue, NW

** The attached Adobe Acrobat file contains the complete invitation and
registration form **

 - Davis0712.pdf


---------------------- Forwarded by Tori Kuykendall/HOU/ECT on 04/24/2001
03:30 PM ---------------------------

Tori Kuykendall
04/24/2001 03:31 PM
To: Monique Sanchez/HOU/ECT@ECT, Keith Holst/HOU/ECT@ect, Phillip K
Allen/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Mike Grigsby/HOU/ECT@ECT, Jane M
Tholt/HOU/ECT@ECT, Matthew Lenhart/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT,
Jay Reitmeyer/HOU/ECT@ECT, Susan M Scott/HOU/ECT@ECT
cc:
Subject: Admin Asst's Day

We need to get something for Ina for Admin Asst's Day - it is tomorrow.  I
will take a collection of $10 from each person and get a gift certificate
from Foley's if that is okay with everyone.  I will probably have to go get
the gift certificate tonight - so please dont stick me with more than my
share of the bill. ( Thats what happened last time)  Thanks.


Mark

Attached is a draft of the chart of power risks.  Let me know if there is
anything else you would like me to do on this.  We are still in the process
of reviewing top exposures with credit.

Elizabeth 36349


Russell,

Please give Grim a call and find out what they are trying to do.  Explain to
him why this is a bad idea.  Sara, we don't trade financial out of ELFI so
that's one off the list - and liquids does not have a master physical to the
best of my knowledge. We are doing some financial business with ENA/Hess
Energy Services today with a gty and omnibus treatment. My understanding from
Bob Bruce is that all the finc trading is being cleaned out of ECTRIC and
stuck somewhere else too.  I do not think ECT Singapore does financial
trading either -so that may be another quick one to shoot down.

 -----Original Message-----
From:  Shackleton, Sara
Sent: Monday, March 05, 2001 8:45 AM
To: Rohauer, Tanya
Cc: Jones, Tana
Subject: Hess Energy Trading Company, LLC ("Hess") and affiliates

Hi, Tanya:

I received another call from Dana Dellacona at Hess asking about online and
offline trading.  I'll direct her once again to Tana for online trading.

I'll ask her again to describe the products they want to trade.

Will you evaluate?

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 03/05/2001 08:41 AM -----

	Sara Shackleton 02/07/2001 05:29 PM 	   To: Tanya Rohauer/HOU/ECT@ECT  cc:
Subject: Hess Energy Trading Company, LLC ("Hess") and affiliates

I have received the following request from a Hess lawyer:

ECT and Hess have an executed ISDA effective 1/29/98.

Guess what they want?  The following ISDA agreements to trade financial (and
PHYSICAL):

(1)  Amerada Hess Corp.   and  ENA
(2)  Hess Energy Services Company, LLC and  ENA
(3)  Hess Energy Trading Company, LLC  and  ELFI
(4)  Hess Energy Trading Company, LLC  and ECT Singapore Pte. Ltd.
(5)  Hess Energy Trading Company, LLC  and ECTRIC

I explained our financial trading entities.
She did not know what products each of the Hess affiliates would be trading.
Hess CREDIT:  Grim Trivino at 212-536-8979
Hess LEGAL:  Dana Dellacona at 212-536-8133

Please let me know who will handle in credit (and I'll intercede with the
lawyer).  TO MY KNOWLEDGE, NOBODY AT ENRON IS PUSHING HESS.
As usual, thanks for your help.

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


Barbara has asked that I submit a weekly report about what I'm working on.  I
haven't had time to fix up anything pretty, but I'll give you the big ticket
items:

Fuel Cell Energy/CRRA transaction.  Enron owns equity and holds warrants for
Fuel Cell stock.  We need to sell 55 mw of fuel cells in order to get the
benefit of the warrants.  The commercial team is  working on a deal to place
50 mw with the Connecticut Resource Recovery Authority, a state agency.  I
have been working feverishly on the equipment contract, and we recently
completed the LOI with CRRA.  We need to move to more definitive docs with
CRRA, and the structuring isn't complete. The decision about whether the
state will fund the project is expected in December.  This deal is likely to
continue to take up a large amount of  my time, and requires a fair amount of
travel, as I am involved in direct negotiations.  This transaction is on Dave
D and Janet D's radar screen, and  Mark is familiar with it.  The potential
upside (in a perfect world), is rumored to be in the nine figure range.

Turbopark.  Turbopark is the latest financing vehicle for power projects.
Enron is moving 20+ turbines into Turbopark in the next 45 days.  This
requires a series of contracts with GE (at least 6) which I am working on.
We also have to move transformers into this facility, so I have been in
contact with ABB concerning same.

GE general.  ENA is attempting to negotiate a standard contract with GE.
I've been working with Sheila on this one.  We are committed to finish this
project by the end of this year.

Westinghouse warranty issues.  ENA has two significant disputes wiht
Westinghouse concerning a couple of turbines.  I'm riding herd on resolving
the issues.

VEPCO.  We were attempting to negotiate a PPA with Virginia Power, but ran
into some problems, so it won't close this year.  Theres' some miscellaneous
follow up work to do.

Illinois development.  I'm supporting the devolopers who are developing power
plant sites in Illinois.

Enron/Peoples joint venture.  I'm working with the Enron commercial team in
certain matters relating to getting the joint venture up and running.

This gives at least an overview of what I'm spending most of my time on.
.