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Saturday, October 20, 2001
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QUOTE OF THE DAY
=========================
"We're selling more Cipro in a day than we used to in a
month. It's more popular than Viagra."
-ALEX ORERGEL, a pharmacist in Tijuana, Mexico.

http://www.nytimes.com/2001/10/20/national/20BORD.html?todaysheadlines

NATIONAL
=========================
More Than 100 G.I.'s Participate in Helicopter Assaults

United States ground forces mounted an assault in southern
Afghanistan on Friday. Two American military personnel were
killed in a helicopter accident related to the mission.
http://www.nytimes.com/2001/10/20/international/20MILI.html?todaysheadlines

-----

2 New Anthrax Infections Found; Previous Cases Share Same
Strain

Two more cases of anthrax were disclosed on Friday in the
New York area. In addition, The New York Times said that an
envelope received at its offices in Rio de Janeiro had
tested positive for traces of anthrax.
http://www.nytimes.com/2001/10/20/nyregion/20YORK.html?todaysheadlines

-----

F.B.I. Asks if Hijacking Plot Included Plane at Kennedy

The Federal Bureau of Investigation is looking into whether
a United Airlines flight scheduled to leave Kennedy
International Airport for San   Francisco was a target of
hijackers on Sept. 11.
http://www.nytimes.com/2001/10/20/national/20PLAN.html?todaysheadlines

-----

MORE NATIONAL NEWS:
http://www.nytimes.com/pages/national/index.html?todaysheadline

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INTERNATIONAL
=========================
More Than 100 G.I.'s Participate in Helicopter Assaults

United States ground forces mounted an assault in southern
Afghanistan on Friday. Two American military personnel were
killed in a helicopter accident related to the mission.
http://www.nytimes.com/2001/10/20/international/20MILI.html?todaysheadlines

-----

Insertion of Ground Troops Demonstrates Willingness to Risk
American Casualties

The United States Army raid carried out Friday night is the
start of a dangerous but potentially decisive stage of the
war in Afghanistan.
http://www.nytimes.com/2001/10/20/international/20STRA.html?todaysheadlines

-----

Israelis Invade Bethlehem for First Time in Year

Israeli troops and tanks invaded Bethlehem on Friday,
seizing several buildings and trading staccato gunfire
throughout the day with Palestinian fighters.
http://www.nytimes.com/2001/10/20/international/middleeast/20MIDE.html?todaysheadlines

-----

MORE INTERNATIONAL NEWS:
http://www.nytimes.com/pages/world/index.html?todaysheadline

BUSINESS
=========================
Risk Managers Face Challenge of Bracing for the Unimaginable

Now that disasters are striking, those that manage risks are
revising their formulas and trying to figure out how to
plan for scenarios that they never took seriously before.
http://www.nytimes.com/2001/10/20/business/20RISK.html?todaysheadlines

-----

Uncertainty in Approach Toward Cipro

Distributors and pharmacists have been swamped with orders
for Cipro, and politicians are fretting that   Bayer, the
maker of the anthrax antibiotic, cannot deliver enough.
http://www.nytimes.com/2001/10/20/business/20BAYE.html?todaysheadlines

-----

Trend Bucked as Nokia Net Meets Hopes

Nokia, the world's largest mobile phone maker, did what only
a handful of technology companies have managed recently:
reported earnings that did not disappoint investors.
http://www.nytimes.com/2001/10/20/technology/20NOKI.html?todaysheadlines

-----

MORE BUSINESS NEWS:
http://www.nytimes.com/pages/business/index.html?todaysheadline

TECHNOLOGY
=========================
Trend Bucked as Nokia Net Meets Hopes

Nokia, the world's largest mobile phone maker, did what only
a handful of technology companies have managed recently:
reported earnings that did not disappoint investors.
http://www.nytimes.com/2001/10/20/technology/20NOKI.html?todaysheadlines

-----

Rosie the Riveter in a New Generation

The military industry is once again seeing virtues in their
old businesses and a revived sense of being needed.
http://www.nytimes.com/2001/10/20/business/20WORK.html?todaysheadlines

-----

Hynix, the Korean Giant Chip, Is Ready to Seek a Buyer

The technology slump has hit South Korea's semiconductor
giants so hard that one, Hynix Semiconductor, said that it
was ready to discuss selling its assets to any interested
investor.
http://www.nytimes.com/2001/10/20/technology/20CHIP.html?todaysheadlines

-----

MORE TECHNOLOGY NEWS:
http://www.nytimes.com/pages/technology/index.html?todaysheadline

POLITICS
=========================
Citing Support for War, Bush Plays Down Contentious Issues

President Bush said Friday that "support is near unanimous"
among Pacific Rim nations for the military strikes in
Afghanistan and the broader war against terrorism.
http://www.nytimes.com/2001/10/20/international/asia/20PREX.html?todaysheadlines

-----

Bush Winning Gore Backers' High Praises

President Bush has won over some unlikely supporters,
prominent Democrats who campaigned   for Al Gore in last
year's presidential campaign.
http://www.nytimes.com/2001/10/20/national/20DEMS.html?todaysheadlines

-----

Government Talks With Drug Companies About Buying Anthrax
Antibiotics

Tommy G. Thompson, the secretary of health   and human
services, said that he was negotiating with Bayer and other
drug companies to buy Cipro   and other antibiotics that
could be used to treat anthrax.
http://www.nytimes.com/2001/10/20/national/20DRUG.html?todaysheadlines

-----

MORE POLITICS NEWS:
http://www.nytimes.com/pages/politics/index.html?todaysheadline

SPORTS
=========================
Rivera Means Reliability and Results, Guaranteed

The reliable, unhittable Mariano Rivera converted all 22
save chances he has had in the postseason over the last
four years.
http://www.nytimes.com/2001/10/20/sports/baseball/20YANK.html?todaysheadlines

-----

Schilling Continues Domination in Playoffs

Curt Schilling pitched another complete game, a four-hitter
that gave the Diamondbacks a 5-1 victory in Game 3 of the
N.L.C.S. and a 2-1 lead in their series against the Braves.
http://www.nytimes.com/2001/10/20/sports/baseball/20BRAV.html?todaysheadlines

-----

At Oregon, Pigskin and Sheepskin Collide

Oregon is enjoying a 6-0 record for the first time since
1964, but the university is debating whether the money
spent on the team's success is worth the cost to academic
standards.
http://www.nytimes.com/2001/10/20/sports/ncaafootball/20COLL.html?todaysheadlines

-----

MORE SPORTS NEWS:
http://www.nytimes.com/pages/sports/index.html?todaysheadline

ARTS
=========================
Lacking a Center, Terrorist Networks Are Hard to Find, Let
Alone Fight

The metaphor of a spider web with a masterly evil plotter at
its center is appealing as a description of Al Qaeda and
other terrorist organizations, but it may also be
incorrect.
http://www.nytimes.com/2001/10/20/arts/20NET.html?todaysheadlines

-----

Fear, the New Virus of a Connected Era

The Internet and cable news shows have lately become
national forums for the expression of anxiety.
http://www.nytimes.com/2001/10/20/arts/television/20LINK.html?todaysheadlines

-----

Art Imitates Life, Perhaps Too Closely

An installation at a London Gallery by the British artist
Damien Hirst was dismantled and discarded by a cleaning man
who said he thought it was garbage.
http://www.nytimes.com/2001/10/20/arts/design/20HIRS.html?todaysheadlines

-----

MORE ARTS NEWS:
http://www.nytimes.com/pages/arts/index.html?todaysheadline

NY REGION
=========================
2 New Anthrax Infections Found; Previous Cases Share Same
Strain

Two more cases of anthrax were disclosed on Friday in the
New York area. In addition, The New York Times said that an
envelope received at its offices in Rio de Janeiro had
tested positive for traces of anthrax.
http://www.nytimes.com/2001/10/20/nyregion/20YORK.html?todaysheadlines

-----

Ferrer Formally Concedes to Green in a Democratic Show of
Unity

Fernando Ferrer conceded the Democratic nomination for
mayor, endorsing his opponent, Mark Green, and ending a
primary race that was punctuated by false starts and
finishes.
http://www.nytimes.com/2001/10/20/nyregion/20GREE.html?todaysheadlines

-----

In Albany, Getting Serious About Casinos

The World Trade Center disaster has rekindled serious
negotiations for Indian casinos in western New York and the
Catskills.
http://www.nytimes.com/2001/10/20/nyregion/20CASI.html?todaysheadlines

-----

MORE NY REGION NEWS:
http://www.nytimes.com/pages/nyregion/index.html?todaysheadline

OP-ED
=========================
Betting on Prosperity
By BILL KELLER
Shanghai is as powerful an endorsement as President Bush
could want for his belief in the curative effects of the
marketplace.
http://www.nytimes.com/2001/10/20/opinion/20KELL.html?todaysheadlines

-----

The Inescapable World
By ANTHONY LEWIS
After Sept. 11 it was said by many that our world had
irrevocably changed. That is true in a sense that we have
not yet grasped.
http://www.nytimes.com/2001/10/20/opinion/20LEWI.html?todaysheadlines

-----

To Bioterror, a Local Response
By AMY E. SMITHSON
A few essential moves in Washington could do more to ready
us for attack.
http://www.nytimes.com/2001/10/20/opinion/20SMIT.html?todaysheadlines

-----

MORE OP-ED  NEWS:
http://www.nytimes.com/pages/opinion/index.html?todaysheadline

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Stewart:

I spoke with Jeff and he will arrange a conference call next week with the
tribe's CFO and legal counsel.  I highlighted the "eligibility" (eligible to
enter into swaps under the CFTC regulations) and jurisdictional issues for
Jeff regarding Indian tribes.  Of course, all of the other governmental
counterparty concerns are here as well.

The tribe is located in Oregon.  I'll follow up with you next week.

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


Do you want me to follow up with them?

	Louise Kitchen
	08/01/2000 11:33 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Houston Chronicle Confidentiality Agreement

Nope

From: Tana Jones on 01/08/2000 11:30
To: Louise Kitchen/HOU/ECT@ECT
cc:

Subject: Houston Chronicle Confidentiality Agreement

Have you heard from The Houston Chronicle?


the party was fun.  it was good to see a lot of people i haven't seen in a
long time.  i am just wiped out today.  i need a nap.


(I had type of bunch of this and them my computer died, so I have to rewrite
it - UGH)
Harry's testimony was brilliant, and here is a summary.
Harry explained our proposal and how it achieves goals of equity and
conservation  (equity because all customers sacrifice equally and
conservation because there will be reductions in usage).  The other proposals
in the case arbitrarily allocate costs to peak, whereas our proposal will
have customers reacting to price signals, and if affords flexibility.  The
Hearing Examiner (HE) asked what services EES provides, and whether our
customers were DA customers (she was trying to get to our real interest in
this case, which the PG&E attorney helped with later).

Slocum (PG&E) did not understand that our proposal was only for TOU
customerrs and asked a lot of questions about implementation problems that
were based on implementation for all classes.(Questions like moving usage
data to billing system, 30% turnover in customers, lack of data for new
customers, lack of metering).  Harry acknowledged that the peak defined by DJ
might not match the rate class peak definition and that some adjustments
might have to be made.  Slocum noted that TOU meters do not show hourly
usage, and that hourly interval meters would need to be installed to make our
proposal work.  Harry answered that we recognize that our proposal would take
time, but that we need to move to this and that customers need price signals
this summer.

Our proposal is only for TOU customers, and for those for whom it cannot be
implemented, an equal 3 cents per kwh is appropriate.  Harry noted that we
have not taken a position on the proposal that should be adopted for other
customer classes yet.

He was asked where the 87% came from, ands he pointed out the derivation that
was in his testimony based on predicted market price and cost of retained
generation.  Two assumptions were made:  a $300 average market price and
customers have same billing determinants for 2001 in combination with market
price assumptions and existing generation rate to get the revenue
requirements.  It is possible that the price may not be $300 and our revenue
requirements may be off, but this is true with every other proposal  as
well.  The basis for the $300 is the COB and PV Nymex contracts.

If our proposal cannot be implemented this summer, the 3 cent charge sends an
adequate and strong signal to consumers across the board.  When asked whether
PG&E would have to program a different method for TOU customers if Enron,s
proposal is adopted, Harry answered that they already have to program a
different method for TOU customers under existing rates.  PG&E asked how the
decremental reward program would be funded.  Harry noted that it could be
funded through the ISO, DWR, utility bonding.  The PG&E attorney noted that
the utilities have been downgraded to junk bond status and couldn,t issue
bonds.  Funding is an issue.

Then PG&E asked if we left the market on 2/1/01.  Harry answered no.  We
simply began sourcing power from the utility, but our contracts are still in
effect.  She asked Harry what kind of customers we had, were they mostly
large TOU customers?  Do they have interval meters?  She asked if we were on
the hook for the difference between the bundled rate and the contract rate.
Harry answered that he didn,t know on balance what impact our proposal would
have on our TOU customers.   Our proposal helps to foster the goals and
pursue the incentives to get to the needed solutions in CA.  He also noted
that all parties to this proceeding were proposing methodologies that were
most beneficial to them.

SC&E asked a bunch of questions about recovery of T&D costs, if the 87%
target were used.  Harry answered that any undercollections that may result
(and this could be true under any of the proposals) could be dealt with it a
rate case filing.  They also talked about how the customer would know the
daily prices, would the utility be obligated to make that info available?  HK
answered that it is forecast a day ahead and is publicly available.  Then he
was asked whether Enron would fund the decremental reward program.  Harry
noted that we might under the right conditions, but this was outside his
expertise.

ORA asked about weather normalization, again under the misapprehension that
our proposal applied to weather sensitive smaller customers.  Harry also told
him that the indices we proposed were very liquid.  He also handled questions
on whether a different average price would yield a different break point, and
we need to provide calculations that show an average price of $200 and $500.

The Hearing Examiner then asked for Enron,s estimates of summer on peak and
off peak prices, and ruled that we must supply that info by COB Monday, over
counsel,s objections.

In general, I think there was a lot of confusion about our proposal (not
understanding that it was only directed to one type of customer).  There is
also a lot of distrust of Enron and I would add dislike as well.  I do not
think the HE will consider any of our proposals seriously and in fact our
support on some of the other proposals could be the kiss of death.  I would
keep our brief very short and very limited,  as we can weigh in on support of
the other A and RD methodologies after the HE issues her recommended
decision.  In fact, we might even like a proposal she recommends.


Frank,

Yes.

Vince

From:	Frank Hayden/ENRON@enronXgate on 05/01/2001 07:51 AM
To:	Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:

Vince,
Are you going to be able to make the power VAR meeting on Thursday?

Frank


Veronica:  per your request.  Thanks.
---------------------- Forwarded by Randall L Gay/HOU/ECT on 06/21/2000 10:21
AM ---------------------------

Heather Choate
06/21/2000 10:25 AM
To: Randall L Gay/HOU/ECT@ECT
cc: Alex Saldana/HOU/ECT@ECT
Subject: Patti Sullivan - airline ticket

   Randy,

   Please confirm by forwarding this email to Veronica Thompson in Accounts
Payable...

   That you agree Patti Sullivan did not go as planned to Colorado Springs
and should be reimbursed the
   amount of $242.17 for those charges that were billed to her American
Express.

    Thank you,
    Heather Choate, x33278


PS - "Go Nuggets!" sounds like someone with a stutter saying "Go Nuts!"


<http://isc.dev.corp.enron.com/surveyVPN/images/index_r1_c1_r1_c1.gif>
Now that you have access to the following applications without requiring VPN access...

Outlook Web Access (email and calendar)

PEP

XMS (Expense Reporting application)

And, COMING SOON...
eHROnline (year-end)
Benefits Election (Oct. 29, 2001)
Electronic Pay Stubs (year-end), and
Much More,

through the ClickAtHome Portal and the Internet, do you still believe you need remote access through VPN from home to Enron networks (must have a valid business reason with supervisor approval and a monthly cost)?

 YES NO NOT SURE
Please answer this survey from your computer at work, not via Outlook Web Access.


Just to follow up, where are we vis-a-vis getting prepared for the No Action
Relief application?

I assume we do not need this for Phase 2.


That's fine with me - I've booked it.  Just let me know if you need to change the time.

 -----Original Message-----
From: 	Nersesian, Carin
Sent:	Thursday, August 09, 2001 8:41 AM
To:	Taylor, Mark E (Legal)
Subject:	RE: Possible meeting Monday or Tues.

Mark,

How does 3-4pm on Monday work for you ?  Jay Webb can meet at that time as well.  However, Brad Richter might need to push the time back a bit since he is arriving from Europe that day.

Thanks,
Carin

Carin Nersesian
Legislative Coordinator
Enron Corp.
1775 Eye St. NW, Suite 800
Washington, DC   20006
202-466-9144 (ph.)
202-828-3372 (fax)

	Mark Taylor/ENRON@enronXgate 08/07/2001 06:48 PM 	   To: Carin Nersesian/NA/Enron@Enron  cc:   Subject: RE: Possible meeting Monday or Tues.

Monday afternoon is much better for me.

 -----Original Message-----
From: 	Nersesian, Carin
Sent:	Tuesday, August 07, 2001 2:31 PM
To:	Taylor, Mark E (Legal); Richter, Brad; Webb, Jay
Cc:	Long, Chris; Shelk, John
Subject:	Possible meeting Monday or Tues.

John Shelk and Chris Long from the Washington, DC office will be in Houston Monday, August 13th and Tues., Aug. 14th.  They would like to arrange a time that is good for all of you to discuss Enron OnLine.

Here are the best available times for Chris and John:

Monday afternoon anytime between 3-5pm

or

Tues. 8-10am

Please let me know what time works best. for everyone.

Thanks!

Carin Nersesian
Legislative Coordinator
Enron Corp.
1775 Eye St. NW, Suite 800
Washington, DC   20006
202-466-9144 (ph.)
202-828-3372 (fax)


EFF_DT PORTFOLIO_ID DOWN95
12/6/00  MANAGEMENT-CRD 0
12/6/00  MANAGEMENT-GAS 4,433,359.
12/6/00  MANAGEMENT-PWR 353,366.
12/6/00  AGG-MANAGEMENT 4,638,876.


EFET To Set Up Belgian Electricity Task Force
Dow Jones Energy Service, 04/10/01

GERMANY: DB Energie says German power trade in too few hands.
Reuters English News Service, 04/10/01

INDIA: INTERVIEW-India says Enron issue won't affect investment.
Reuters English News Service, 04/10/01

Saudi Gas Committee Submits Proj Leader Proposal-Sources
Dow Jones Energy Service, 04/10/01

Online Energy Trading Will Exceed $3.6 Trillion By 2005, According To
Forrester Research
Business Wire, 04/10/01

Indian Govt, Enron Set Up Committee to Resolve Tariff Dispute
Bloomberg, 04/10/01

Qatar Says Foreign Oil Companies May Invest $15 Billion by 2005
Bloomberg, 04/10/01

EFET To Set Up Belgian Electricity Task Force

04/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

BRUSSELS -(Dow Jones)- The European Federation of Energy Traders said Tuesday
that it is forming a task force to look into the Belgian electricity market.
"A number of our members have raised concerns about the trading environment
in Belgium. This will be examined by the new task force," an EFET spokesman
said.
The Belgian Task Force Electricity will include, among others,
representatives from TXU Corp. (TXU), RWE Trading, Enron Europe (U.ENE),
Eneco and Morgan Stanley Dean Witter (MWD) as well as and an energy
specialist from the academic sphere. One or two Spanish players may also join
the group.
The task force is scheduled to hold its first meeting on May 19, a
politically sensitive time for Belgium, as it is due to take over the E.U.'s
rotating presidency from Sweden in June.
The European Electricity Directive requires member states to have opened up
at least 26.5% of their electricity markets by 1999. However, according to
industry groups only 5% of the Belgian market is presently open to
competition.
EFET, which has 47 European energy trading companies among its members, has
already set up a task force to look into the French power market - French
Task Force Electricity - and a similar group to look at the German gas market
- German Task Force Gas.
-By Victoria Knight, Dow Jones Newswires; 322-285-132;
victoria.knight@dowjones.com

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

GERMANY: DB Energie says German power trade in too few hands.
By Vera Eckert

04/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

FRANKFURT, April 10 (Reuters) - DB Energie GmbH, the power supply division of
German railways, said on Tuesday it was worried by a concentration of power
trading in too few hands.
Consolidation at the generation level had resulted in a trade oligopoly which
only speedier market liberalisation across Europe could help overcome, said
DB Energie, the leading power consumer accounting for three percent of the
German total.
"Four big power companies are too few to guarantee competition," DB Energie
spokesman Andreas P. Meyer said.
"A few players can tighten supplies artificially, thus boosting prices, while
there are high entry barriers for newcomers," he told Reuters.
"As large consumers we want the harmonisation process in the EU to gather
speed so that we can choose from a host of suppliers who are competing with
each other."
Since liberalisation two years ago, when German utilities rediscovered their
customers and wooed them with price cuts, there has been a strong
consolidation process, leaving most of the power generation market to three
large companies.
These are RWE , E.ON , EnBW .
A fourth company is emerging in the country's east under the leadership of
Hamburg utility HEW , backed by its Swedish majority owner Vattenfall .
The formerly separate trading arms of the newly merged companies such as
VEW/RWE are now operating under one roof.
The entry of new players such as U.S. firm Enron and brokerage start-ups has
not dented the position of the big four.
CONSUMERS LACK CHOICE OF INDEPENDENT SELLERS
"The distribution divisions of the big players have become the mouthpieces of
their trading divisions with little room for manoeuvre - it's definitely not
a buyers' market," Meyer said.
He also said that railway operator Deutsche Bahn AG which paid 2.8 billion
marks for its energy needs last year was burdened by high energy-related
taxes.
The tax bill on energy supplied by the DB Energie subsidiary to the parent
company last year amounted to 620 million marks, but was seen rising to 900
million by the year 2005.
This was attributed to four taxes - the eco-tax on fuel use, the KWK law
subsidising combined heat and power, the EEG law supporting renewable
energies and the mineral oil tax.
DB Energie's turnover last year of 2.2 billion marks did not exclusively
represent energy purchases on behalf of Deutsche Bahn, but also reflected the
growing third party business including portfolio management services, Meyer
said.
At the same time, Deutsche Bahn also bought some electricity, diesel oil,
water, gas and heat from sources other than its own multi-utility subsidiary.
Meyer said DB Energie had set itself ambitious growth and profit targets for
the coming years.
Of the 15 terawatt hours (TWh) purchases handled last year, which are
projected to rise to 17.3 TWh in 2001, some 2 TWh were on behalf of external
energy consumers.
Meyer said he expected that the 2 TWh could increase fivefold by 2004, due to
the expansion of traffic volumes and the rise of private freight forwarding
companies.
His firm also aimed to help Deutsche Bahn save 100 million marks a year
through efficient usage of the entire supply chain.
But it wanted to be a buying and portfolio specialist - it would not become a
classical power trader in its own right.

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

INDIA: INTERVIEW-India says Enron issue won't affect investment.
By Unni Krishnan

04/10/2001
Reuters English News Service
(C) Reuters Limited 2001.

NEW DELHI, April 10 (Reuters) - Indian Power Minister Suresh Prabhu said on
Tuesday a row over U.S. energy giant Enron's controversy-ridden project in
western India would not affect foreign investment in the power sector.
The long-running quarrel between Enron's Indian unit, Dabhol Power Co (DPC),
and the Maharashtra state government heated up on Monday when DPC sent a
political force majeure notice to state utility Maharashtra State Electricity
Board (MSEB).
Political force majeure is any event beyond the reasonable control of an
affected party that could not have been prevented by good practice. It forms
a part of major financial contracts.
"Enron is not the symbol of the power sector in India. I want to assure the
international investor that we are for FDI (foreign direct investment). But a
commercial dispute should not be viewed as a reflection on FDI inflows,"
Prabhu told Reuters.
India, which is gripped by a severe power crisis with close to 80,000
villages without electricity, began power reforms in the early 1990s to
attract private and foreign investment in the sector to meet the hunger for
electricity.
But many foreign power firms including Cogentrix of the United States,
Electricite De France and Daewoo of South Korea have pulled out of different
projects following disputes over pricing and the slow pace of reforms in the
sector.
SPARRING MATCH
Enron and the Indian government have been sparring for the past few months
over MSEB's repeated default on payments owed to Dabhol Power Co which is 65
percent owned by Houston-based Enron.
Last week, DPC sent an arbitration notice to the federal government to try to
recover 1.02 billion rupees due from the state utility.
Prabhu said the dispute was purely commercial and that many countries were
interested in getting involved in India's power sector.
"So many companies are coming. We are signing MoUs (memorandums of
understanding) with Norway, Sweden and Canada for development of power
projects," he told Reuters. "So where is the question of FDI (foreign direct
investment) getting affected?"
He said the government would seek conciliation with Enron and planned to
start negotiations soon. "We will mutually agree and decide."
He said the focus of India's power reforms was on revamping distribution and
drawing foreign direct investment in this area.
He said the government was keen on increasing capacity by 100,000 megawatts
by 2012 by revamping distribution, modernisation of existing plants and
greenfield projects.
India had an installed capacity of 96,950 megawatts as of March 31, 2000. It
needs another 100,000 megawatts in the next 10 years.
But potential investors have been deterred by the poor finances of state
electricity boards which are expected to run up combined losses of 285.45
billion rupees in 2001/02 due to mismanagement and theft in power
distribution.
On the generation side, Prabhu said the government was planning to set up
joint ventures with the domestic private sector for nuclear power.
"We are looking at this. The (state-run) Power Finance Corporation is looking
at the possibility of creating joint ventures," he added.

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

Saudi Gas Committee Submits Proj Leader Proposal-Sources
By Dyala Sabbagh
Of DOW JONES NEWSWIRES

04/10/2001
Dow Jones Energy Service
(Copyright (c) 2001, Dow Jones & Company, Inc.)

DUBAI --(Dow Jones)- The Saudi Arabian committee negotiating with
international oil companies on gas projects on offer in the kingdom has
submitted its proposals for consortium leaders for the three core ventures to
the Supreme Petroleum Council for approval, sources familiar with the process
told Dow Jones Newswires Tuesday.
Once approved, other consortium members will be selected followed by
memoranda of understanding, expected sometime in May, the sources said.
Final approval will also be required from the kingdom's Supreme Economic
Council, headed by Crown Prince Abdullah, the sources added.
Consortium leaders will be responsible for directing further detailed
negotiations on the core projects such as pricing and finance, on behalf of
those companies selected for each project. The current shortlist of 10
companies hoping to get a piece of the pie may be trimmed once leaders are
officially approved. ExxonMobil Seen As Fronrunner For $15B South Ghawar
Project

Royal Dutch/Shell Group (RD), BP Amoco PLC (BP), ExxonMobil (XOM), Chevron
(CHV), TotalFinaElf (TOT) and ENI SpA (E) have been shortlisted for core
venture number one, the $15-billion South Ghawar Area Development. Although
Exxon, Shell and BP have all been dubbed as frontrunners, ExxonMobil is
thought to have the strongest chance of selection, the sources said.
ExxonMobil has been present in Saudi Arabia since the 1960s and is one of the
largest foreign direct investors in the kingdom, with three existing refining
joint ventures. The company is also Saudi national oil company Saudi Aramco's
largest crude oil customer.
For core venture two, the Red Sea Development, Enron Corp. (ENE) and
Occidental Petroleum Corp. (OXY) are bidding jointly and ExxonMobil,
TotalfinaElf, Marathon Oil Canada Inc. (T.M), Shell and Conoco Inc. (COCA)
have also been listed. Among these, Total and Shell have been dubbed as
strong possibilities, the sources said.
For core venture three, the Shaybah area, TotalFinaElf, Conoco, Phillips
Petroleum (P), Enron & Occidental, ExxonMobil, Shell and Marathon Oil have
been listed. Conoco and TotalfinaElf are seen as the frontrunners on this.
Each core project has on average six to ten individual components and the
three have a combined investment value of about $25 billion.
As well as getting operatorship of the projects, consortium leaders are
likely to get the largest stake in any project.
Saudi Arabia invited international oil companies to invest in its downstream
gas sector and upstream gas enhancement over two years ago in an attempt to
meet an estimated demand of 14 billion cubic feet a day of gas by 2025.
Currently, there is about 2.5 bcf/day in the kingdom's gas system.
-By Dyala Sabbagh, Dow Jones Newswires; 9714 3314260;
dyala.sabbagh@dowjones.com

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

Online Energy Trading Will Exceed $3.6 Trillion By 2005, According To
Forrester Research

04/10/2001
Business Wire
(Copyright (c) 2001, Business Wire)

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 10, 2001--Despite a tumultuous
environment created by rising energy prices and new laws and regulations,
online energy trading in wholesale markets surged 750% from 1999 to 2000.
According to a new Report by Forrester Research, Inc. (Nasdaq: FORR), online
energy trading will continue this rapid growth -- leaping from $400 billion
in 2000 to $3.6 trillion in 2005. Three-quarters of this volume will come
from the rollout of new over-the-counter financial derivatives like swaps and
spreads.
"Despite last year's turbulence, energy companies jumped on the Net
bandwagon, investing in dot-com trading sites, building private eCommerce
platforms, and forming industry consortia," said Jim Walker, senior analyst
at Forrester. "While Enron dominated online trade in 2000, new industry
consortia like TradeSpark and IntercontinentalExchange are ramping up volume
-- increasing liquidity for the entire market."
As energy companies adopt the Net, their trading style will change from art
to science. In this environment, companies will supplement person-to-person
negotiated deals with quantitative analysis and program trading. The speed
and efficiency of online trade will also push traders to develop
straight-through processing from order capture to contract settlement --
enabling companies to post real-time P&Ls in this highly volatile market.
Rather than giving rise to a plethora of new venues, the majority of online
trading will occur at only a few sites. By 2005, three distinct venues will
form to serve different markets: one liquidity hub, three merchant platforms,
and thirty solution sites. The liquidity hub will attract companies seeking
to exchange price risk in pure commodities. Merchant platforms will offer
industry marketmakers a venue for trading products to maximize margins from
their own long-term assets and customer contracts. Finally, energy companies
will offer branded solution sites to structure special deals and provide
customized services for their wholesale customers.
"We expect enymex to win out as the liquidity hub, leveraging the strength of
its offline trading infrastructure and institutional trading community,"
added Walker. "The leaders of the merchant hubs will be Enron, ICE, and
TradeSpark -- supported by traders willing to make markets and act as
specialists for specific products."
For the Report "Net Energy Hits Hypergrowth," Forrester spoke with executives
from online energy marketplaces, energy producers, industrial customers,
traders, and software suppliers.

Forrester Research is a leading emerging-technology research firm, analyzing
technology change and its impact on business, consumers, and society.
Forrester's "Whole View" of the Internet economy enables clients to weave
together Internet commerce initiatives with eBusiness technology to satisfy
customers' changing needs. Clients receive continuous research and analysis
through Forrester eResearch(TM) Reports, an array of Advisory Services,
Assessment Tools, and topical events. Established in 1983, Forrester is
headquartered in Cambridge, Mass., with North American Research Centers in
San Francisco, Calif., and Toronto, Canada. Forrester's European Research
Center is located in Amsterdam, Netherlands, its UK Research Centre is
located in London, and its Research Center Deutschland is located in
Frankfurt, Germany. Additional information about Forrester Research can be
found at www.forrester.com.

(c)2001, Forrester Research, Inc. Forrester and Forrester eResearch are
trademarks of Forrester Research, Inc.

CONTACT: Jean Kong Forrester Research, Inc. +1 617/613-6025
press@forrester.com or Jenny Cherrytree Golin/Harris International for
Forrester +1 213/623-4200 ext. 707 jcherrytree@golinharris.com
09:01 EDT APRIL 10, 2001

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

Indian Govt, Enron Set Up Committee to Resolve Tariff Dispute
2001-04-10 09:32 (New York)

     Mumbai, April 10 (Bloomberg) -- India and the local unit of
Enron Corp., the world's largest energy trader, will set up a
committee to try and settle a dispute over unpaid electricity
bills, company spokesman Jimmy Mogal said.
     Dabhol Power Co., 65 percent owned by Enron, yesterday
invoked `political force majeure' which allows it to stop selling
power to Maharashtra state without being penalized.
     The three-member panel will include one person each nominated
by Dabhol Power and the Indian government, said Mogal. The third
member will be chosen by these two, he said.
     The case will go to international arbitration if the panel
fails to arrive at a solution, Mogal said.
     The Maharashtra State Electricity Board, or MSEB, Dabhol
Power's only customer, hasn't paid the December 2000 bill of 1.02
billion rupees ($22 million) and the January bill of 1.27 billion
rupees, saying they were too high.
     The defaults have forced Dabhol Power to invoke payment
guarantees by India's federal and Maharashtra state government,
where its plant is located.
     That forced the government today to agree to conciliation,
Agence France Presse reported today, citing India's Finance
Minister Yashwant Sinha.
     Enron's $3 billion power, 740 megawatt-a-year project, is the
biggest foreign investment in India. The project faced numerous
delays and at one point was canceled after a change of government
at the state. Enron revived it after agreeing to cut power prices
by 22 percent and sell a 30 percent stake to the state government.

--Ravil Shirodkar in the Mumbai newsroom (91-22) 233-9029 or at
rshirodkar@bloomberg.net/nmn

Qatar Says Foreign Oil Companies May Invest $15 Billion by 2005
2001-04-10 09:57 (New York)

     Doha, Qatar, April 10 (Bloomberg) -- Qatar, which holds the
world's third-largest reserves of natural gas, said foreign
companies may invest as much as $15 billion into the Gulf state's
energy industry over the next five years.
     ``A major chunk of this is expected to come from the U.S.,''
said Qatar's finance minister, Youssef Hussein Kamal, who spoke at
an investment conference in Doha attended by a delegation from the
U.S. Congress. ``Qatar offers foreign investors security and
political stability.''
     Dolphin Energy Ltd., a venture of the Abu Dhabi government,
Total Fina Elf SA and Enron Corp., signed an accord with Qatar
last month to buy more than $2 billion in natural gas a year.
Dolphin would develop Qatar's North Dome field, the world's
largest natural gas field, and build a pipeline under the Gulf to
the United Arab Emirates and Oman.
     The gas may be used to power industrial development. A
collapse in oil prices in 1998 reinforced the need for Gulf states
to cut their dependence on crude oil sales and create jobs for the
more than 50 percent of the population that is under the age of
25.
     Qatar is the smallest oil producer in the Organization of
Petroleum Exporting Countries.


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PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
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All,

Attached, for your information, is  a copy of a general presentation that I
prepared to illustrate and describe EGM's businesses.  This is a presentation
that will become a "living" document to communicate our businesses and
growth.  I will be making numerous changes as we move closer to the analyst
meeting in January but I wanted to give everyone a copy of this version.

Please don't hesitate to call me if you have any questions or comments.

Mike


------------------------------------------------------------------------------
------------------------
W E E K E N D   S Y S T E M S   A V A I L A B I L I T Y

F O R

March 16, 2001 5:00pm through March 19, 2001 12:00am
------------------------------------------------------------------------------
------------------------

SCHEDULED SYSTEM OUTAGES:

ARDMORE DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

AZURIX: No Scheduled Outages.

EB34 DATA CENTER - FACILITY OPERATIONS: No Scheduled Outages.

EDI SERVER: No Scheduled Outages.

ENRON NORTH AMERICAN LANS:  No Scheduled Outages.

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

MESSAGING:
Impact:  Corp Notes
Time:  Fri 3/16/2001 at  9:00:00 PM CT thru Sat 3/17/2001 at  1:00:00 AM CT
 Fri 3/16/2001 at  7:00:00 PM PT thru Fri 3/16/2001 at  11:00:00 PM PT
 Sat 3/17/2001 at 3:00:00 AM London thru Sat 3/17/2001 at  7:00:00 AM London
Outage:  cNotes Server Reboots
Environments Impacted:  All users on any of the mailservers listed below
Purpose: Scheduled @ 2 week interval
Backout: Make sure server comes up.
Contact(s):  Trey Rhodes  (713) 345-7792

Impact:  EI
Time:  Fri 3/16/2001 at  9:00:00 PM CT thru Sat 3/17/2001 at  1:00:00 AM CT
 Fri 3/16/2001 at  7:00:00 PM PT thru Fri 3/16/2001 at  11:00:00 PM PT
 Sat 3/17/2001 at 3:00:00 AM London thru Sat 3/17/2001 at  7:00:00 AM London
Outage:  EI Notes Server Maintenance
Environments Impacted:  EI Local/Domestic/Foreign Sites
Purpose: Scheduled @ 2 week interval
Backout: N/A
Contact(s):  David Ricafrente    713-646-7741

MARKET DATA:
Impact:  Market Data
Time:  Fri 3/16/2001 at  4:30:00 PM CT thru Fri 3/16/2001 at  5:30:00 PM CT
 Fri 3/16/2001 at  2:30:00 PM PT thru Fri 3/16/2001 at  3:30:00 PM PT
 Fri 3/16/2001 at  10:30:00 PM London thru Fri 3/16/2001 at  11:30:00 PM
London
Outage:  Telerate Plus Monthly Maintenance Reboot
Environments Impacted:  Telerate Plus Users - Equity and FX Traders
Purpose: Preventive maintenance.
Backout:
Contact(s):  Paul Jordan    713-853-0320

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS:
Impact:  CORP
Time:  Fri 3/16/2001 at  7:00:00 PM CT thru Fri 3/16/2001 at  7:15:00 PM CT
 Fri 3/16/2001 at  5:00:00 PM PT thru Fri 3/16/2001 at  5:15:00 PM PT
 Sat 3/17/2001 at  1:00:00 AM London thru Sat 3/17/2001 at  1:15:00 AM London
Outage:  Tibco Rendezvous Client update
Environments Impacted:  All Development Groups. Sitara, TDSLaunchpad,
TDSTradeBlotter, Unify, Enpower, Equity Trading System, QuickTrade, &
Moneypenny
Purpose: New in House development has been started using the new client.
Tibco v 5.x is not supported under Windows 2000
Backout: replace \\enehou-appw1\apps_admin\scripts\tibco.vbs with
\\enehou-appw1\apps_admin\scripts\Scripts to Delete\tibco.vbs  Edit
\\enehou-appw1\apps_admin\scripts\SetupSvc\SetupSvc.ini.   Change the entry
for tibco to Tibco="%szAppinst%\Tibco\5.2\Tibco_LM.exe"
Contact(s):  Michael S White  713-398-6602  713-708-9841

Impact:  SAP
Time:  Fri 3/16/2001 at  6:00:00 PM CT thru Sun 3/18/2001 at  3:00:00 PM CT
 Fri 3/16/2001 at  4:00:00 PM PT thru Sun 3/18/2001 at  1:00:00 PM PT
 Sat 3/17/2001 at  12:00:00 AM London thru Sun 3/18/2001 at  9:00:00 PM London
Outage:  SAP Production Builds
Environments Impacted:  SAP
Purpose: Integration of new companies and business functionality into current
configuration
Backout: Stop the build and/or restore the systems
Contact(s):  Michael Vu    713-345-5574

Impact:  Test
Time:  Fri 3/16/2001 at  7:00:00 PM CT thru Fri 3/16/2001 at  9:00:00 PM CT
 Fri 3/16/2001 at  5:00:00 PM PT thru Fri 3/16/2001 at  7:00:00 PM PT
 Sat 3/17/2001 at  1:00:00 AM London thru Sat 3/17/2001 at  3:00:00 AM London
Outage:  NFS O/S upgrade - (Calvin / Hobbes)
Environments Impacted:  All Development Groups
Purpose: Stability
Backout: Reinstall previous o/s version.
Contact(s):  Wilford Stevens    713-853-7564
  Michael Barber     713-853-5530

Impact:  CORP
Time:  Sat 3/17/2001 at  8:00:00 AM CT thru Sat 3/17/2001 at  8:00:00 PM CT
 Sat 3/17/2001 at  6:00:00 AM PT thru Sat 3/17/2001 at  6:00:00 PM PT
 Sat 3/17/2001 at  2:00:00 PM London thru Sun 3/18/2001 at  2:00:00 AM London
Outage:  Rmsprod Maintence
Environments Impacted:
Purpose: Overall performance
Backout: Restart in normal mode.
Contact(s):  Emmett Cleveland    713-345-3873

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages
The Lucent switch ATM conversion has been postponed until 3-30-01 at 10:30 pm.

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

------------------------------------------------------------------------------
-------------------------------------------------------
FOR ASSISTANCE

(713) 853-1411   Enron Resolution Center
(713) 853-5536   Information Risk Management

Specific Help:
Unify On-Call      (713) 284-3757  [Pager]
Sitara On-Call     (713) 288-0101  [Pager]
RUS/GOPS/GeoTools/APRS   (713) 639-9726  [Pager]
OSS/UA4/TARP    (713) 285-3165  [Pager]
CPR      (713) 284-4175  [Pager]
EDI Support      (713) 327-3893  [Pager]
EES Help Desk     (713)853-9797 OR (888)853-9797


CALENDAR ENTRY:	APPOINTMENT

Description:
	Larry Berger/Monthly Acctg. Mtg. Conference room EB4102

Date:		6/22/2001
Time:		1:30 PM - 3:00 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


This has been changed.

Evelyn Metoyer@ENRON
03/01/2001 07:09 AM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: deal 534056

Can you change the time zone to PPT so that the strips accurately splits the
zime change for April.

The first strip should be   4/1 - 4/1    M-S    PDT   07-22
The next strip should be  4/2 - 4/30  M-S   PDT   07-22

Thanks!


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Although we didn't get to discuss this at our credit luncheon, particularly
we some of the less-experienced credit folks, when we receive a worksheet
from them where the counterparty is a limited partnership, it may be
advisable to ask them the following questions:

1. Should the GP be designated as a Specified Entity?  The alternative may be
to require the GP to sign a Guaranty and then they would become a credit
support provider.  By making the GP a Specified Entity, they get picked up in
the cross default, bankruptcy and credit event upon merger provisions.

2. Should there be an additional termination event or event of default that
gets triggered if the GP fails to be the GP of the limited partnership?

3. Whose financials are they expecting to receive, the GP's or the LP's?

4. If there are financial tests, who do they pertain to, the GP or the LP?

5. How does the LP qualify as an ESP?  Particularly with some of the less
experienced credit folks who have not had to deal with this issue on the
physical side, maybe this question should always be asked for every
counterparty just to be safe.

Let me know what you think.

Carol


The USA Today dropped several games that were in
Thursday's edition, in today's edition so we will be
using Thursday lines for any game not shown in today's
edition.  Here is a file that shows all of the lines
as they will be scored this week.

__________________________________________________
Terrorist Attacks on U.S. - How can you help?
Donate cash, emergency relief information
http://dailynews.yahoo.com/fc/US/Emergency_Information/


As discussed.
---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
04/22/99 04:30 PM ---------------------------

Carol St Clair
04/22/99 10:31 AM
To: Jeffrey Keeler/Corp/Enron@Enron
cc: Jeffrey T Hodge/HOU/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT
Subject: Proposed Bankruptcy Amendments

Jeff:
I have reviewed the House and Senate versions of the proposed bankruptcy code
amendments as they pertain to derivatives and discussed them with Mark Taylor
this morning and here is our read on what they have done and the effect on
Enron :

1) Both versions added a concept of "master netting agreement" as a new
definition and as an add-on to the definitions of forward contract, swap
agreement, repo agreement  and securities contract..  This definition, I
believe, describes agreements like the ISDA Master  Agreement.

2) Both versions amend Section 362(b) (the exceptions to the automatic stay)
to provide for a concept that permits setoffs with respect to amounts due and
claims under one or more master netting agreements or any contract or
agreement that is subject to such master netting agreements.  Mark and I
think that through this provsion, cross-product netting would be permitted to
the extent our physical and financial contracts separately or collectively
come under a master netting agreement.  We wanted to confirm that that was
the intent of this language since it is not entirely clear from the drafted
language how this would work if for example we had separate netting
agreements for our physical and financial contracts.  In addition, as
currently drafted, the only caveat to this setoff right is that these rights
are derivative of the setoff rights that are permitted by Sections 362 (b) 6
(forward contarcts), 7 (repos) and 17 (swaps) with respect to each individual
contract.    This may still present some problems for us in that no
amendments were made to Section 362 (b) 6 which permits setoffs with respect
to forward contracts but only to the extent that our claim against the debtor
is for a margin payment or a settlement payment .  We were hoping to see an
amendment to this Section that  broadened this language to include any type
of payment that would be due from the debtor under a forward contract  since
we are still unclear as to what a "settlement" payment means.  If you look at
Section 362 (b) 17 which deals with swaps, this language is much broader and
it was our hope that the setoff language for forward contracts could track
the setoff language for swaps.  Also, we were hoping that the setoff language
for forward contarcts would apply to anyone taht was a party to a forward
contract and not just "forward contract merchants" as currently drafted.
Again, the swap setoff language has a concept of "swap participant" that is
much broader.

3) Finally, we like the fact that the definition of "swap agreement" was
expanded, but are concerned with the new language and how it would apply to
our newer products such as weather derivatives since in order to fit within
the new definition, it must be something that is currently or in the future
"regularly" entered into in the swap market.  There are some further
revisions to that definition which I want to discuss with you as well.

In summary, while this language gives us some stronger argumants with respect
to "cross-product" netting, we feel that it doesn't go far enough.  Mark has
called Cadwalader to get their read on the draft language.  Call me when
convenient so that we can discuss what the next step for us may be.

Carol


SK - I printed this out for you & put in your mail folder.  mm

Stan and Steve,

Thanks again for serving as Chairs for the upcoming PRC meetings.  I've
talked with Terry and Ted, and we suggest that you use the following points
to open each of the meetings.  If you have questions please feel free to
contact any of us.  I've also attached an updated set of Ground Rules to
replace in your binder.

Thanks,
Billy

__________________

Analyst & Associate Mid Year 2000 PRC Meeting
Chairperson Introductory Comments

? Good Morning and Welcome
? Quick Introductions Around the Room
? Schedule for the Day
 -  3 Groups (First Year Analysts, All Other Analysts, Associates)
 -  Housekeeping (breaks, restroom locations, food, etc.)
 -  Scheduled to go from 8 am until finished - reach consensus on each of 3
groups
? Roles of the Participants
 -  Chairperson (Make Introductions, Enforce Ground Rules and Distribution)
 -  Facilitator (Terry Bosien - Manage and Facilitate the Meeting)
 -  PRC Reps (Provide representation of accomplishments and areas for
improvement)
 -  Analyst & Associate Committee Members (Program awareness,
cross-calibration)
 -  Analyst & Associate Program Management (Program awareness,
cross-calibration)
? Importance of the Process
 -  PRC is at the heart of the "meritocracy"
 -  Rewards and feedback impact our most important source of new talent
 -  What's at stake - depends on anniversary date, decisions on tenure /
promo based on
  first review after anniversary date, bonuses based on year-end
? Distribution of Ratings
? The Ground Rules
 -  Revision attached, please replace in your binder
 -  Read each point, ask the group to police itself
? Get Started


All

A reminder that you are scheduled to interview for the Trading Track Thursday,  November 1st, from 2.00 pm onwards.   Resumes and schedules will be forwarded to you shortly.

Regards,

Karen Buckley


We kicked two squeegee pigs on the San Juan lateral on 10/24/01 @ 07:45 with a flow rate of 885 and
1173 pressure all pigs were in good shape.

                                                                            Thanks Team San Juan


Sara and I were told this morning, by our London office, that the MG
acquisition has closed.  Based on what we have heard about MG's New York
activities, that may mean that Enron is now the owner of some
CFTC/NFA-licensees (such as FCM's, CTA's, pool operators, etc.).

I realize we may well not have acquired the domestic businesses to which I am
referring, and if we have, someone may already be addressing this.
Regardless -- do you think it would be a good idea for us to focus on this
Monday, i.e., get with whoever is overseeing the MG acquisition from ENA
Legal's perspective, and just make sure futures regulatory issues are being
properly addressed?  let me know what you think -- Bob


----- Forwarded by Jeff Dasovich/NA/Enron on 11/29/2000 06:29 PM -----

	Maureen McVicker@ENRON
	08/21/2000 11:43 AM

		 To: Jeff Dasovich/SFO/EES@EES, Elizabeth Linnell/NA/Enron@Enron, Mark
Palmer/Corp/Enron@ENRON, Richard Shapiro/HOU/EES@EES, James D
Steffes/HOU/EES@EES
		 cc:
		 Subject: RE: Luntz Focus Groups (3 of 4)

---------------------- Forwarded by Maureen McVicker/NA/Enron on 08/21/2000
11:43 AM ---------------------------

"Elizabeth A. VanDersarl" <liz@luntz.com> on 08/21/2000 09:18:16 AM
To: "'skean@enron.com'" <skean@enron.com>
cc:

Subject: RE: Luntz Focus Groups (3 of 4)

Attached please find a sheet of principles.  We would like your suggestions
for 3 or 4 more.

 <<Principles 2.doc>>

 - Principles 2.doc


Carol St. Clair
EB 3892
713-853-3989 (Phone)
713-646-3393 (Fax)
----- Forwarded by Carol St Clair/HOU/ECT on 06/13/2000 05:33 PM -----

	"Linda Busk" <Lbusk@hsresources.com>
	06/13/2000 11:27 AM

		 To: <Cstclai@enron.com>
		 cc: "Jim Duffy" <Jduffy@hsresources.com>, "Jim Kincaid"
<Jkincaid@hsresources.com>, "Marc Peter" <Mpeter@hsresources.com>, "Pam
Smith" <Pasmith@hsresources.com>, "Theo Gazulis" <Theo@hsresources.com>
		 Subject: Assignment

Carol, attached is a form of assignment and the respective Appendix A for the
proposed transfer of trades from HS Resources, Inc. to HS Energy Services,
Inc.  Please direct your comments and questions to me.

We hope to have comments on Enron's proposed ISDA with HS Energy Services
tomorrow.

Jim Piccone
303/296-3600 x 414
Fax: 303/296-9709
jpiccone@hsresources.com

 - HSR-HSESEnron.doc
 - Enron.xls


About a month ago I held a  meeting in Houston to bring together the systems, operations, and commercial people who were responsible for designing and building our wholesale and retail systems.  There were probably twenty people there, including Beth Perlman, Anthony Dayao, Beth Appollo, Bob Hall, Leslie Reeves, Lloyd Will, Todd Busby, Greg Woulfe, Rogers Herndon, Murray O'Neil, Steve Nat, Jeff Richter, Thresa Allen, Pablo ?, Mark Pickering, Dale Furrow, and many more.

Two of my suspicions were confirmed in this meeting.  First, it was clear that there were a bunch of people working in silos.  Beth's group was just starting to talk to Anthony's group.  The site profile team wasn't on the same page as Richter who wasn't necessarily in sync with Herndon.  EES and ENA (and for that matter east ENA and west ENA) volume management and RTO settlements people weren't talking to one another.  Second, it was clear that nobody had tried to map out what all of the necessary functions are and how they should fit together.  We tasked Todd Busby, Debra Bailey, and Lloyd Will to spend a month talking to each group and "drawing the picture" of all of the systems that were being worked on and how they should fit together.  They brought in a couple of people from Accenture to assist with this project.

The powerpoint presentation below documents their findings.  I would encourage you to look at pages 11 through 15 which summarize the issues and recommendations.  Here are the highlights:
Power IT and operations remain organizationally divided between Wholesale and Retail
Settlements development efforts are not global
Create one power IT & one operations organization for retail and wholesale power
Create power program management team to coordinate business requirements for trading, risk, settlements & volume mngt across wholesale and retail desks

Our systems and operations efforts are in chaos right now in terms of getting prepared for the future of wholesale and retail power.  If you think about how decisions and priorities are established you have a half dozen commercial people (me, Richter, Presto, Will, Herndon, Woulfe, ...) working with a few operations people (White, Appollo, Albrecht, O'Neil, Hall) and a handful of systems people (Dayao, Nat, Stock, Perlman) to come up with a plan.  It just isn't working.  We need a structure and we need it fast.  Chaos is expensive and ineffective.

Here's what I want:
One Operations Person Responsible for Wholesale and Retail Power
One Systems Person Responsible for Wholesale and Retail Power
One Commercial Person Responsible for Overseeing All Wholesale and Retail Power Systems Development
One Project Manager Working for the Commercial Person to Coordinate and Run Herd Over These Efforts.

There are a number of variants of what I want that could work.  We need to get this thing figured out ASAP.  Please advise on how you recommend moving forward.

 -----Original Message-----
From: 	Bailey, Debra
Sent:	Tuesday, November 06, 2001 10:05 AM
To:	Belden, Tim
Cc:	Will, Lloyd; Busby, Todd; Richter, Jeff
Subject:	version 5 - small tweaks only (not required)

Tim,

I made the following changes to the presentation which are not required for your distribution if you have already sent it out:

1.  page 10 first bullet - changed "one power and operations organization" to "one power and one operations organization" .

2.  page 11 - modified colors to clarify point

Debra


We are going to be rolling out a new product on EOL starting this bidweek.
This product will be for physical delivery only on the weekdays (no weekend
delivery).  Currently, the EOL/Sitara Bridge cannot handle this type of
logic, so these deals will have to be input manually.

Let me know if you have further questions.

Eric
---------------------- Forwarded by Eric Bass/HOU/ECT on 05/23/2000 11:23 AM
---------------------------
Dale Neuner   05/23/2000 10:26 AM

To: David Forster/Corp/Enron@Enron, Sheri Thomas/HOU/ECT@ECT, Jennifer
deBoisblanc Denny/HOU/ECT@ECT, Jason Althaus/Corp/Enron@Enron, Jason
Althaus/Corp/Enron@Enron, Melba Lozano/HOU/ECT@ECT
cc: Eric Bass/HOU/ECT@ECT
Subject: 24 x 5 Products

We are rolling out the use of the 24 x 5 Nat Gas Product commencing tomorrow,
May 24th.

The Product is a month-long Physical Nat Gas Product traded off the Texas
desk. It will be identified as follows:

US Gas Phy       Exxon Katy WkD          Jun00           USD/MM

This Product is different from the usual Products traded on the Texas Desk in
that the Product  description has an
indicator of  WkD, which designates that the Product only moves gas on a day
that is a Monday, Tuesday, Wednesday,
Thursday or Friday.

These Products WILL NOT bridge into Sitara. Risk personnel will need to be
diligent to identify these Products based
on the information in the Product Description to ensure that the Products are
entered into Sitara correctly (presumably -
strips of Monday-Friday trades and the corresponding month-starting days
and/or month-ending days).

We understand the potential impact of having to manually input these
transactions and have asked the appropriate
systems personnel to examine the links between EOL and Sitara and consider
building bridge capability. In the
interim, we anticipate that the trading volume on these Products will be low,
and will ask for higher prioritization of the
bridging in the event that volumes increase.

Dale
3-9746


Maria is setting this up right?

 -----Original Message-----
From: 	Wiederholt, Patricia
Sent:	Friday, November 16, 2001 11:00 AM
To:	Geaccone, Tracy
Cc:	Perchal, Cheryl; Wiederholt, Barry; Boggs, Phil
Subject:	Actual vs Plan 2002

Tracy,
There is a lot of confusion as to how 2002 Plan and Actual will be linked and how the related variance reporting will be made available.
I was glad to hear you would be having a separate meeting to discuss this issue.  Would you please make sure that both Cheryl Perchal and Barry Wiederholt are included in this discussion?

Thanks!


Felipe

Following our discussion please close down all intranet access to the London
Research Group site.  Inaccuracies have been found in the content which may
have implications for our trading operations.  Closing the site will force
traders to contact our Group direct, ensuring only correct information is
passed.

The site will be completely overhauled over the coming months, so I see
little benefit in reinstating access to the site in the near future.

Many thanks,
Steve


Jeff,

Below is a list of items I'd like to discuss with you when we both have
time(?).  I just wanted to brief you first.

I'm thinking about having a meeting with the basis traders every morning from
8:15 - 8:30 after each trader has gathered information from their desk
meetings.  This would be the optimal time to strategize as a group since
changes in regional fundamentals and respective basis implications would be
fresh in everyone's mind.  Would it be okay to delay EOL market-making in
basis until 8:30?  I think it would be worth it.
I think it would be a good idea to meet with leaders from other groups
(origination (who?), structuring (who?), Julie Gomez, and Fred Lagrasta) on a
regular basis to obtain new information on anything that might affect ENA's
basis positions.  Could you point me in the right direction as far as whom to
involve and maybe notify them of my intentions?
Should we set up a new book (under my management) which would hold certain
strategic positions such as spread trades and/or more complex structured
positions?  I think it would be easier to manage that way by not being
"cluttered up" in different books (i.e.  the P/L from these trades would be
my focus instead of managed by other traders.)
Do you think the traders could eventually report directly to me?  It seems
like more intense leadership might provide an extra push to the group.

Talk to you soon,

Fletch


John,

The price includes shipment to the site and installation, but not connection.
Therefore, there is no additional freight charge.

Kay


eze:

I put in a call to the deloitte systems admin to have your email name changed to "Purtzki, Eze".  I hope you don't mind.

I'm tired from moving.  Enron's moved me in the past and I'm used to just pointing and saying "that will go over there", etc.  and i spent all sunday night packing up my shit.  ugh.  most of it has been moved which is good.  i don't think you've ever seen my loft, but to get to it, you have to take the elevator up one building and then walk across the roof of another building (picture gravel with flagstones that are spaced for janice to walk across) and then into the floor of my building.  once the movers saw this, I think they almost quit!  it was bad, but they did a great job.  I told one of them, "the building i'm moving into will be a breeze compared to this one" and he laughed and said "of course, you have the worst apartment i've ever moved".  poor guy.  that's the most entertaining tidbit i could come up with.

you should meet the building manager in our new building.  he's a freak, but in a professional way.  he's already yelled at jai and i.  he sounds russian and says in a thick accent "if you vant to leeve here, you haf to obey da rrrulesss".  i hope you read that with a russian accent in your head.  he has video cameras set up that feed into his kitchen!  his wife is a piece of work as well.

count me in for the wine fest.  if you pick up some tix, grab me one, or let me know where the website is, etc.

i can't believe you've moved on from tubulars.  while tubulars does seem like the next big thing, oil and gas seems like a promising area to study.

	- c -


Vizsla.  I think they are also known as Hungarian pointers, but vizsla is the
official AKC name.

	From:  Kathleen Carnahan                           11/14/2000 03:38 PM

To: Kay Mann/Corp/Enron@Enron
cc:

Subject: My fax number

My fax number is:  646-3037.  What kind of dog did you say you have?

Kathleen


(See attached file: options052401.PDF)

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 - options052401.PDF


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We will be in town.  It would be great to see you and Marie.  Sorry for the
delayed response,
I seem to check my emails around once every 2 weeks.  I hope you could make
it out.  I'll check
into some things to do.

Let me know.

Kevin


What can we do to have them added? Bob, said he would like them to be able to
trade online.

From: Tana Jones on 07/27/2000 10:21 AM
To: Jarrod Cyprow/HOU/ECT@ECT, Michelle Bruce/HOU/ECT@ECT
cc:
Subject: Click Paper Approvals for 7/25/00

Attached is the referenced list.  The Bakersfield California is approved to
only do newsprint commodity swaps and options.  Therefore, I have turned them
down to trade the current products we have available online.  As our product
base expands, we can send them through again as an amended counterparty if we
offer newprint commodity swaps and options online.


Kevin:

I just checked with Rob Kilmer, a TW old hand.  He said that Texas Eastern bought TW before 1974, but he was not sure exactly when.

I suggest that in the Historical Organization Section, we just say "sold to Texas Eastern Transmission Corporation and again to Houston Natural Gas in 1985 ....".

Denis
 -----Original Message-----
From: 	Donoho, Lindy
Sent:	Monday, March 18, 2002 4:55 PM
To:	Howard, Kevin A.
Cc:	Harris, Steven; Tu, Denis
Subject:	TW Business Plan Draft

Please see attached.  Denis and I have noted where we added text.  Please let us know your comments/quesitons.  (The comments in red are from Tracy, I think.)

Thanks,
Lindy
36007

 << File: TWBusPlan3-18-02.doc >>


All:
Ideally we will split this cost evenly among as many P&L's as need the
report, minimizing everyone's cost by sharing a single subscription.
Please tell me whether you can justify sharing the cost and if so, the RC
code & co# for me to allocate your cost share.  Please indicate your choice
of the three cost choices.

Attached note below clarifies Poten's proposal on the $10,000/yr subscription.
Essentially we have three choices:
1.  for $2700/yr, the standard edition (11 issues, excluding the monthly
"special feature" article)
2.  for $3800/yr the premium edition, (standard edition PLUS the monthly
"special feature" article, as in three attached examples)
3. for $10,000/yr the premium edition plus quarterly forward price view for
36 months.

Poten explains that 85% of their subscribers take the premium service.  No
one has ever asked for the $10,000/yr long-term price forecast.  I have an
interest in a longer term price forecast and hope that it may be useful to
others in the corporation.
The example copies attached include the following Special Feature articles:
99Feb - Analysis of Resid Trades in the Eastern Mediterranean
99Sep - Patterns of Fuel Oil Trade in the Western Hemisphere
99Dec - Analysis of the Resid Market in Chile
One either takes all or none of them for the incremental $1100/yr.  Some may
be useless, others perhaps quite valuable.  Your call.

regards
Guy

"Axelrod, Larry" <LAxelrod@Poten.com> on 02/03/2000 02:43:59 PM

To:	Guy Dayvault/Corp/Enron@Enron
cc:	Fuel Share Group <fuelgroup@Poten.com>

Subject:	Enron/Fuel Oil Service

Dear Guy,

It was a pleasure speaking to you today.

As discussed, Poten is pleased to offer Enron the following two-part
fuel-oil related service:

(1) a one-year subscription to Poten's Fuel Oil in World Markets (Premium
Edition), and

(2) a forecast of delivered crude prices and fuel oil prices in Northwest
Europe (Brent and 1%S FOB fuel oil), the Mediterranean (Bonny Light and 1%S
FOB fuel oil), and Singapore (Dubai and HSFO-380 cSt).  The forecasts would
be provided four times a year and provide average quarterly price
projections over the forward 36-month period. The forecast prices would be
accompanied by brief textual commentary.  The forecasts would be issued over
the course of the one-year Fuel Oil in World Markets subscription period.

The fee for the two-part service is US$10,000, payable in two equal
installments

I look forward to hearing from you.

Best regards,

Larry

L. Axelrod
phone 212-230-2038
fax 212-355-0295

Doug Leach@ECT
02/03/2000 01:52 PM
To: Guy Dayvault/Corp/Enron@Enron
cc:

Subject: Re: Poten's Fuel Oil Report

---------------------- Forwarded by Doug Leach/HOU/ECT on 02/03/2000 01:52 PM
---------------------------
DALE
SNYDER
02/03/2000 01:44 PM

To: Doug Leach/HOU/ECT@ECT
cc: David J Botchlett/HOU/ECT@ECT, Ron Irvine/LON/ECT@ECT, Niamh
Clarke/LON/ECT@ECT
Subject: Re: Poten's Fuel Oil Report

we have an interest in sharing in the expenses of this information the only
question being WHICH information and at what cost.  can see what the monthly
newsletter describes which is relatively cheap but what considerable
information does one get for the  usd 10k yr report?  how many ways will we
split the costs?  psl advise and thx

Doug Leach
02/03/2000 07:08 AM
To: Dale Snyder/HOU/ECT@ECT
cc:
Subject: Poten's Fuel Oil Report

I have no interest. Do you?
---------------------- Forwarded by Doug Leach/HOU/ECT on 02/03/2000 07:08 AM
---------------------------

Guy Dayvault@ENRON
02/02/2000 03:35 PM
To: Niamh Clarke/LON/ECT@ECT, Doug Leach/HOU/ECT@ECT, Margaret
Carson/Corp/Enron@ENRON
cc:
Subject: Poten's Fuel Oil Report

Niamh & Doug & Margaret:
I want to chat about this and will call you, but the essence is:

Can you justify sharing the cost of subscribing to Poten's Monthly Fuel Oil
Report?
Attached below are 3 example copies that include their standard 12 month
price forecasts.  The cost is $3800/yr.
As an added service for a total of $10,000/yr, Poten will include a quarterly
update of their 36 month forward view on crude oil and FO prices with a brief
justification for their view.  This would include the standard monthly price
forecast for the prompt 12 months and quarterly prices for the following 24
months for Far East, Med and NWE.  (I expect a more descriptive email from
Poten, but I think this is the essence of their "custom" offer.)

The example copies attached include the following Special Features:
99Feb - Analysis of Resid Trades in the Eastern Mediterranean
99Sep - Patterns of Fuel Oil Trade in the Western Hemisphere
99Dec - Analysis of the Resid Market in Chile
These type of features are produced monthly and run a spectrum of subjects
related to fuel oil.

I have a hard time justifying the cost of the newsletter and the price
forecast without the considered recommendation of colleagues such as yourself
regarding the utility of such a report.  The best way to show your
recommendation is with money.  If it is not worth any money to anyone else in
ENE, then I have to question its validity and utility to me as well.  Doug,
would this perhaps be useful to any other business units that have exposure
to FO prices?

best regards
Guy

---------------------- Forwarded by Guy Dayvault/Corp/Enron on 02/02/2000
03:05 PM ---------------------------

"Axelrod, Larry" <LAxelrod@Poten.com> on 01/24/2000 03:38:53 PM

To:	Guy Dayvault/Corp/Enron@Enron
cc:	Fuel Share Group <fuelgroup@Poten.com>

Subject:	Poten's Fuel Oil Report

Guy,

It was a pleasure speaking to you today.

Three samples of Fuel Oil in World Markets are attached.

Let me know if you think the report could be useful to you.

Regards,

Larry
phone 212-230-2038

 <<99DEC.DOC>>   <<99SEP.DOC>>  <<99FEB.DOC>>

 - 99DEC.DOC
 - 99SEP.DOC
 - 99FEB.DOC


We have received the executed EEI Master Power Purchase and Sale Agreements
for the following CPs:

Sierra Power Corporation 2/28/2001
The City of Oakland, a municipal corporation acting by and through its Board
of Port Commissioners-2/27/2001

Copies will be given to Legal and Credit.


Please send out a reminder of the GE conference call to the following:

Sheila
Rose
Lisa
Scott
Mike Barnas
Kent shoemaker
steve swift
Ben jacoby

We don't need a conference room this week.

Thanks,

kay


-----Original Message-----
From: 	Polsky, Phil
Sent:	Wednesday, October 24, 2001 7:57 AM
To:	Grigsby, Mike
Subject:	Summary for Grigsby.xls

MIke,

Attached is the updated summary regarding expansions in the west.  There is only one change - PGT 2003 expansion.  The expansion has now dropped from 230,000 MM/d to 160,000 MM/d due to PPL dropping out.

Let me know if you need anything else.

Phil


The Market Service Team has reviewed their requirements for the proposed
relocation of ETS within the Enron building.  Under this plan, Gas Control
would not move from their current location and the Market Service Teams would
be in close proximity to Transactional Marketing and Facility Planning.
Julia's intent is to have discussion with Danny to make sure the
organizations are aligned to support the commercial teams.

Please let me know if you have any questions.
Donna


missing deal for matt

buy idaho
march
25 mw
210
palo verde

thanks!


-----Original Message-----
From: 	Capasso, Joe
Sent:	Tuesday, November 20, 2001 3:10 AM
To:	Forney, John M.
Subject:	FW: Eterra

John,

Please feel free to make any changes to the priorities below.
I should have covered most of the big items and even thought up a new enhancement (i.e. - UNDO key), but feel free to add to this list.
I have not sent this to Madup Kumar yet, so just delete this message and forward to him.
I hope this isn't too harsh towards Sasha, but I wanted to get the point across (regarding the PS message at the bottom).
I really hope that they can complete these changes. It would make life much easier.

Joe Capasso

Madup,

In reference to Eterra, I have prioritized some enhancements to the system that will improve its usage and accuracy.  When using Eterra, some tasks are difficult to complete and can result in mismatches in the Ercot Portal.  I will identify some of the difficult tasks and I will make some suggestions on enhancements.
In addition, I realize that we are working with time constraints and limited personnel.

I will categorize the list based on Priority 1, 2 & 3.

Priority 1 - Very important and needs to be completed immediately
Priority 2 - Important and needs to be completed within the next 30 days
Priority 3 - Moderate importance, easy tasks can be completed at programmers convenience.

Priority 1A:

Allow the Deal Entry screen to accept single entry trades, such as a simultaneous Buy from Counterparty A in the South Zone and a Sell to Counterparty B in the North Zone.  Currently, this has to be done by entering two trades, a purchase from Counterparty A (South Zone) to the Hourly Ercot Book and a second trade, a sell from the Hourly Ercot Book to Counterparty B.  I realize that we have a problem with the transmission between the North and South Zones and that is what makes this a difficult enhancement.

Priority1B:

Change the process of increasing the Frontera generation.  The current process is to input a buy from Frontera and a sell to Frontera.  This is not very intuitive and causes some confusion.  Why can't we input a buy from Frontera just as we would with any other trade? It could be as simple as clicking a box to indicate that Frontera (i.e. - EPMI) should be adjusted on the resource side and not EPMI on the obligation side.

Priority1C:

Eterra should not write over any trades that were input manually into the Ercot Portal.
Is there any way that we can make it identify a trade that was input manually into the portal?
When it finds one then it should not overwrite this trade.

Priority2A:

Undo Button - On various occasions, we have sent Bal Day trades to the QSE MOS/Ercot Portal and
it was not the result that we had expected.  Therefore, the trader has to manually change each of the trades. This can be a very time consuming process.
Is there a way to have an UNDO button (similar to the Excel UNDO key) to retract the trade information from the QSE MOS or Portal?

Priority2B:

Change the short name in <internal counterparty> & <external counterparty> to the actual long name, (i.e. - elpasomeren to El Paso Merchant Energy)
Reason: It is just difficult to read. I brought this up with Sasha and he said it would be a quick fix, but it is still not done.

Proirity3A:

Please give us a list of the Counterparties and their appropriate QSE names, (i.e. - El Paso Merchant is actually APX)
This helps us identify what it will effect in the QSE MOS and Portal (for example, elpasomeren is converted into APX).
But does ELP or ELPASELECOM convert to APX also?

Priority3B:

Match Flow Period to automatically update the Contract Date.  This is one less step that we need to worry about.

The above mentioned enhancements will allow us to quickly and accurately update the QSE MOS & Ercot Portal.
In addition, it will allow us to quickly correct the portal if a mistake occurs.

If you need additional clarification on any of these topics, I would be happy to meet with you to discuss this further.
I will be working days on Monday, Nov. 26th - Thursday, Nov 29th.

Thanks,
Joe Capasso

PS - Below is an email that outlines my conversation with Sasha on November 3rd.  Unfortunately, none of the "quick fixes" have been completed yet.

 -----Original Message-----
From: 	Capasso, Joe
Sent:	Saturday, November 03, 2001 4:55 PM
To:	Forney, John M.
Cc:	'Sashaim@yahoo.com,'; McElreath, Alexander; Olinde Jr., Steve; Phillips, George; Oh, Seung-Taek
Subject:	Eterra

John,

I met with Sasha today for approx. 3 hours.
We reviewed the exact process for inputting data into Eterra and verifying the trades prior to being sent to the QSE MOS.

Here are some suggestions that I made to Sasha for improving Eterra (the top of the list is the highest priority):

 - Allow the Deal Entry screen to accept single entry trades, such as a simultaneous Buy from Calpine (South Zone) and a Sell to FPL (North Zone).
   Currently, this has to be done by entering two trades, a purchase from Calpine (South Zone) to the Hourly Ercot book and a second entry of Hourly Ercot book
   to FPL (North Zone).  Sasha said he is working on this, but problems are occurring due to the transmission between South and North.

 - Change the process of increasing the Frontera generation.  The current process is to input a buy from Frontera into the Frontera book.
   This is not very intuitive and we are still trying to work out an easier process.  (Possibly even having a button that we can click to indicate that
   it is a purchase from Frontera.  Essentially, this would increase the EPMI mw's in the Ercot Portal.)

 - Change the short name in <internal counterpary> & <external counterparty> to the actual long name, (i.e. - elpasomeren to El Paso Merchant Energy)

 - Give us a list of Counterparties and the appropriate QSE, (i.e. - El Paso Merchant is actually APX)
    So that we know what it will affect in the Ercot Portal.

 - Match flow date to automatically update the Contract date.  One less step that we need to worry about.

I tried to impress upon Sasha that in trading "time is of the essence" and that we don't have much time to input data.
Therefore, we need to streamline the deal entry process and to make it more user friendly.
I realize that the first two items will take some time, but the last 3 items should be quick fixes.

I hope this helps.

Joe Capasso


Here's a list of the transactions that I can foresee in connection with the
VEPCO deal.  Please feel free to add others:

Kay