fyi
----- Forwarded by Sara Shackleton/HOU/ECT on 10/26/2000 08:30 AM -----

	Jimdelani@aol.com
	10/25/2000 06:24 PM

		 To: Sara.Shackleton@enron.com
		 cc: thebert@energynewengland.com, PLopes@energynewengland.com
		 Subject: Re: ISDA Master Agreement prepared by Enron North America

Sara:

Confirming receipt of the draft Schedule and
the Credit Support Annex to the ISDA Master
Agreement.

I have talked to Joe Gordon this afternoon
regarding the credit & collateral issues.

It is my understanding that Enron would
prefer to have the agreement in place &
we would hold back on transactions pending
further credit discussions with Ed Sacks.

I am out of town on Thursday & Friday; I will
touch base with you on Monday.

Thanks again for your assistance in this regard.

Jim Delani
Energy New England


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

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

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


Agreed.  My initial thoughts --

1. More Government isn't the answer.  If this proves anything, it is that
Government is the wrong party to manage consumer's energy price risk.

2. This is a 10 year hangover.  The total bill = $### billion.

3. Direct Access is a better solution for California.  Let businesses manage
their own needs, rather than a small public agency never designed to take on
this task.

4. Too much, too late.  CDWR should have been buying to manage the cost for
2001, not worrying about 2007.  Any contract that starts after Sept 2002 is
simply not a part of any real solution.

By the way, I think that if pressed, Enron has to be very clear - we are not
advocating abrogation of contracts.

Jim

P.S. Jennifer will be ready to present something at the call.

From: Paul Kaufman/ENRON@enronXgate on 06/18/2001 07:37 PM
To: James D Steffes/NA/Enron@Enron
cc:

Subject: RE: CDWR Contract Analysis

Given Jeff's work on the comprehensive solution, we will need to develop a
relatively quick public posture on the contracts to convey to our lobbyist
folks.  Bev has already asked for some input.  I told her we would have an
initial view on Tuesday for our California call.

 -----Original Message-----
From:  Steffes, James
Sent: Monday, June 18, 2001 9:39 AM
To: Kean, Steven; Shapiro, Richard; Kaufman, Paul; Dasovich, Jeff; Mara,
Susan; Comnes, Alan; Alvarez, Ray; Robertson, Linda; Palmer, Mark; Denne,
Karen; Sharma, Ban; Fraser, Jennifer; Tribolet, Michael; Thome, Jennifer;
Linnell, Elizabeth; Guerrero, Janel
Subject: CDWR Contract Analysis

Jennifer Thome will be coordinating the review of CDWR's contracts beginning
this morning.  If anyone has any issues that need to be considered in the
review, please make sure that Jennifer understands the issues.

Jennifer Fraser has volunteered someone from her team to help.

We will be working with ENA Legal in Portland (through Alan Comnes) to help
with the review.

Please call Jennifer Thome if there are any questions.  Jennifer will provide
an update on timing etc. at the end of the day.

Thanks,

Jim


Hi Rob,

I think we would prefer if you would route the document back this way, and
Sheila or I will send it to the folks at GE.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 08/21/2000 04:05
PM ---------------------------

Scott Dieball@ENRON_DEVELOPMENT
08/21/2000 03:59 PM
To: Kay Mann@ENRON, Sheila Tweed@ECT, Martin W Penkwitz/NA/Enron@Enron, "ROB
TAYLOR" <TAYLR@andrews-kurth.com>, Roseann Engeldorf/Corp/Enron@ENRON
cc:

Subject: GE - Form Purchase Agreement

All - Attached is a rewrite of Articles 20 (Indemnity) and 27 (Limitation of
Liability) of the draft agreement which includes our collective thoughts.

Rob - I understand that you "volunteered" to pull together our changes to the
draft agreement and to then forward on to GE.

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

Scott


Looks a lot like ski time!!

----- Original Message -----
From: <Eric.Bass@enron.com>
To: <daphneco64@bigplanet.com>; <lwbthemarine@bigplanet.com>;
<Jason.Bass2@COMPAQ.com>; <shusser@enron.com>
Sent: Tuesday, November 07, 2000 9:47 AM
Subject: Check it out!

> http://www.rsn.com/pages/include/cams/campic.html?rsn_resort=telluride
>


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 08/18/2000
11:04 AM ---------------------------

Shirley Crenshaw
08/07/2000 12:31 PM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Breckenridge Offsite - August 18 - 20, 2000

FYI!

---------------------- Forwarded by Shirley Crenshaw/HOU/ECT on 08/07/2000
12:29 PM ---------------------------

Shirley Crenshaw
08/07/2000 12:31 PM
To: Stinson Gibner/HOU/ECT@ECT, Pinnamaneni Krishnarao/HOU/ECT@ECT, Grant
Masson/HOU/ECT@ECT, Maureen Raymond/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT,
Vasant Shanbhogue/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Pinnamaneni
Krishnarao/HOU/ECT@ECT, Samer Takriti/Corp/Enron@Enron, Tanya
Tamarchenko/HOU/ECT@ECT, Osman Sezgen/HOU/EES@EES
cc:
Subject: Breckenridge Offsite - August 18 - 20, 2000

Hello everyone:

Attached is the Itinerary and Agenda for the Breckenridge offsite, Friday,
August 18 to Sunday August 20th.

If you have any questions, please let me know.

Thanks!

Shirley


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

December 01, 2000 5:00pm through December 04, 2000 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:
Impact:  EES
Time:  Sat 12/2/2000 at  9:00:00 PM CT thru Sat 12/2/2000 at  9:30:00 PM CT
 Sat 12/2/2000 at  7:00:00 PM PT thru Sat 12/2/2000 at  7:30:00 PM PT
 Sun 12/3/2000 at  3:00:00 AM London thru Sun 12/3/2000 at  3:30:00 AM London
Outage:  Replace RSM in EES CX2
Environments Impacted:  EES
Purpose: Module needs to be replaced. While switch is being updated, there
will be outages for EES and EBS.
Backout: Replace old RSM
Contact(s):  Vincent Fox   713-345-7784

FIELD SERVICES:  No Scheduled Outages.

INTERNET: No Scheduled Outages.

LOTUS NOTES: No Scheduled Outages.

MARKET DATA:
Impact:  Market Data
Time:  Fri 12/1/2000 at  4:30:00 PM CT thru Fri 12/1/2000 at  5:30:00 PM CT
 Fri 12/1/2000 at  2:30:00 PM PT thru Fri 12/1/2000 at  3:30:00 PM PT
 Fri 12/1/2000 at  10:30:00 PM London thru Fri 12/1/2000 at  11:30:00 PM
London
Outage:  Monthly Preventive Maintenance Reboot of BTRS Servers
Environments Impacted:  Telerate Users
Purpose: Preventive maintenance
Backout:
Contact(s):  Rick Le   713-853-5345

NT: No Scheduled Outages.

OS/2:  No Scheduled Outages.

OTHER SYSTEMS: No Scheduled Outages.

SITARA:  No Scheduled Outages.

SUN/OSS SYSTEM: No Scheduled Outages.

TELEPHONY: No Scheduled Outages

TERMINAL SERVER:  No Scheduled Outages.

UNIFY:  No Scheduled Outages.

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

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

Specific Applications 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]
All Other Systems    (713) 563-5797  [Pager]
      or (713) 563-5987  [Pager]


What kind of time frame are we looking at?

Wilson Kriegel@ENRON
04/19/2000 01:18 PM
To: Susan M Scott/HOU/ECT@ECT
cc:
Subject: Re: night

i was thinking yes...
i talked to him and said we were going out, his up for it..
If not there then anything else, well is rather clean and expensive...and i
like the guy and all, but if i can hand out with him and buy him cheap food,
then its a plus


516626
Sell BP
25 mw
175.00/on peak
q4-01

516627
sell williams
25 mw
175.00/on peak
q4-01

And the last deal is in, according to Tom and Mike Swerzbin - Tom entered it,
but it's in Mike's book. Let me know if it's still not in there.

Kate

Evelyn Metoyer@ENRON
02/07/2001 02:57 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 2/7 Checkout

I know you guys are still entering trades but for the record I am missing the
following:

Mike Swerzbin:
Enron sells to BP Amoco 25 mw of Q4'01 Palo Verde at $175 peak hrs. ---Amerex
is broker
Enron sells to Williams 25 mw of Q4'01 Palo Verde at $175 peak hrs,---Amerex
is broker

Tom Alonso:
Enron sells to Merrill 25 mw of March PV at $215  peak hrs,----Bloomberg is
broker

Thanks!!


The following summarizes recent price cap events in California.  I think that
I have most of it right.  If there is anything wrong or missing please let me
know.  Please don't share the attached spreadsheet with anyone outside of
Enron.

Regards,
Tim

New Cap Specifics
On 10/26/2000 the ISO Board passed a motion by a vote of 13-10 to implement a
new price cap methodology.
The new methodology will become effective 11/3/2000 or as soon thereafter as
can be implemented.  CAISO staff has indicated that it will be difficult to
achieve that start date.  They have not yet indicated what an achievable date
might be.
The new price cap methodology will remain in place until:
Comprehensive market changes have been implemented and the market has proven
to be workably competitive under a variety of load conditions.
Either FERC or the ISO board orders its removal.
Cap prices will be based on the average NYMEX L3D settlement average and the
following heat rate table:
  Load Level  Heat Rate  4.00 Gas Example Cap
  <25 GW   10,775   $43.10
  25 GW to 30 GW 14,175   $56.70
  30GW to 35 GW  17,225   $68.90
  35GW to 40 GW  27,225   $108.90
  >40 GW   $250/MWh  $250/MWh
Caps will be rounded up to the nearest $5/MWh increment.
Demand bids and demand responsiveness programs are exempt from these caps.
The ISO will post the price caps for each load level at least 48 hours prior
to the beginning of each calendar month.  Based on the ISO's two day-ahead
system load forecast, the ISO will post hourly caps at least 24 hours prior
to the hour of delivery.

FERC Context
FERC has delegated cap authority to the CAISO until 11/15/2000.
The ISO has asserted that they don't need FERC authority since it is a bid
cap rather than a sales cap.  FERC regulates sales, not purchases, of
electricity and therefore can regulate sales prices but not purchase prices.
The ISO has filed with FERC for an extension of the price cap authority.
FERC has to rule on the filing by 11/18/2000.  (Note that this is 3 days
after their authority expires)
FERC will release its proposed order on 11/1/2000 based on the results of its
206 investigation of the California wholesale power markets.  We don't know
what they will find or what they will propose.
The proposed order will have a 30 day comment period, after which FERC will
likely issue a final order.  FERC will be accepting oral comments on
11/9/2000 in Washington.  Enron still has to determine who will provide oral
comments.
Many companies have filed at FERC advocating or opposing a litany of price
caps, cost based rates, and market redesign recommendations.
It is likely that the price caps approved by the ISO board will go into
effect.  How long they will remain in effect will depend on whether FERC
extends the ISO price cap authority and whether the final order stemming from
the current 206 investigation stipulates a specific price cap policy.

Impact of Price Caps
The attached spreadsheet contains a table of likely maximum monthly prices at
different gas price levels.  We think that this is the highest that markets
would clear since it assumes that each hour clears at the cap.  It is hard to
say whether actual prices would clear significantly lower than the cap
because we don't know whether sellers will offer below the cap or at the
cap.  The assumptions behind our analysis are detailed in the bullets below.
Take actual historical loads from 1999 and 2000.
Calculate implied price cap for each hour using actual historical load, new
price cap methodology, and a range of gas prices.
Divide historical hours into peak and off-peak buckets.
Calculate average price for each month for peak hours and off-peak hours.
For example, we have two years worth of data for the months of January
through September.  Each month has approximately 400 hours.  for January
through September, we took approximately 800 observations for each month (400
from each year) and calculated a simple average of all of the individual
observations.
We created a peak table and an off-peak table.  The table shows the
calculated implied cap based off of the acutal loads at varying gas prices
for each month.  This value represents what the month would clear at if each
hour cleared at the cap (based on historic loads).  While any given hour
could be above this value, our calculation estimates the likely monthly
average cap value!
The blue shading indicates what the caps would be given current (10/27/2000
NYMEX) forward prices.  The yellow shading indicates those forward power
prices which are in excess of the proposed cap.


Mike,

The following attachment contains the error message I received when trying to
log in to POPS.  I need to get this fixed as soon as possible, since it is
used to assist with our trading activities.  Thanks for your help.

D


I'll convey your efforts to MPC.  Thanks,  John

 -----Original Message-----
From: 	Williams III, Bill
Sent:	Thursday, June 21, 2001 4:03 PM
To:	Malowney, John
Cc:	Bland, Todd; Dean, Craig; Guzman, Mark; Harasin, Leaf; Linder, Eric; Merris, Steven; Meyers, Bert; Porter, David V.; Slinger, Ryan; Solberg, Geir; Symes, Kate; Williams III, Bill
Subject:	RE: Montana Power Company (MPC) Energy Imbalance

John,
We have asked every single counterparty in the NW to sell us energy.  We bid $300 to PowerX and were told that they were abiding by the cap.
We are working hard to get them the energy that they need and will continue to do so.

Bill

 -----Original Message-----
From: 	Malowney, John
Sent:	Thursday, June 21, 2001 3:38 PM
To:	Williams III, Bill
Cc:	Portland Shift
Subject:	Montana Power Company (MPC) Energy Imbalance

Bill; Mike Cashell (MPC's Transmission Mgr.) just phoned me concerned, because MPC's Real-Time group requested EPMI purchase energy for them under our existing Energy Imbalance structure, and was notified by our Real-Time group that due to the newly implemented FERC price cap, we were have difficulty securing any resources.  Just to clarify things, we are settling MPC's Choice customers Energy Imbalance position, and PP&L Montana has the right to any length resulting from MPC's "domestic" load Energy Imbalance.  In other words MPC is settling two separate Energy Imbalance accounts, so during the hour they may be turning energy back to PP&L Montana, while at the same time finding themselves short for the Choice loads.  During the recent bullish pricing conditions, Choice customer were leaving themselves long, as of late, MPC is experiencing the Choice customers doing the opposite, positioning themselves short.  The net result is that MPC will most likely be expecting us to fill a short position from this point on, so I'd really like to see what we can do to honor their requests, mindful of the favorable position we've enjoyed over the last several months. Let me know if you'd like to discuss this further, or better yet if you've got a workable solution to the problem.  In the meantime, thanks again to you and your staff for the outstanding performance thus far in dealing with MPC.   John


Nabil,  Can you please provide the dates that you are planning on working for
the 1st half of the summer. I called your residence earlier today, but your
machine did not pick up.    It is probably easier to communicate via email
since we both keep missing each other.  Thanks.


no but i do have great legs


You may recall that we met at a JP Morgan luncheon a few years back.

Because of the unsuccessful attempt by Morgan to sell the energy business, I
find myself looking for employment. I am attaching a copy of my resume for
your consideration should a position in you organization come available.

Many thanks,
Tim

 - cover_enron.doc
 - RESUME.doc


Forgot to mention......The meeting is scheduled for THURSDAY, APRIL 26th, 2001.....

	  From:  Narsimha Misra                           04/25/2001 10:17 AM

To:	Paul J Broderick/HOU/ECT@ECT, Gautam Gupta/HOU/ECT@ECT, Robert Stalford/NA/Enron@Enron, Mark Dana Davis/HOU/ECT@ECT, Robert Benson/Corp/Enron@ENRON, Joe Quenet/NA/Enron@Enron, Joe Stepenovitch/Corp/Enron@Enron, Benjamin Rogers/HOU/ECT@ECT, Larry F Campbell/NA/Enron@Enron, Garrett Tripp/TOR/ECT@ECT
cc:

Subject:	Traders and Andy Ott Meeting

The Meeting for the Traders has been set up for these times

Location : 42C1
Time : 12pm to 2.30pm

Agenda:
	Brief Review of LMP
	Load Forecast
	PJM Summer Supply/Demand Status
	Nepool/PJM Status Update
	Physical Curtailment Risks / TLRs
	Max Gen Risks in PJM
	Unit Commitment for Reliability Timelines
	Self Scheduled Generation Information.

Please forward this information


Kim,
 I have reviewed your term sheet and have the following questions.
1.  Under Term, you have included the phrase "with annual redetermination"
however I find no redetermination language in the Price  section.  I would
suggest that the phrase be deleted.
2.  Under Quantity, you indicate there expected volumes, however, we need to
put some cap on the maximum, With a 5 year term, we should offer some maximum
such as 200% of the expected volumes.  Any thoughts relating to a cap?
3.  Under Price you indicate that the price could be changed to a Fixed
Price, I assume that you do not intend to include the Transwestern
transportation charges as a part of the Fixed Price.  Is this correct?  and
if so, does the Fixed Price language need to be qualified?
 Otherwise, the term sheet appears okay.
      Dan

	Kim Ward
	03/29/2001 03:52 PM

		 To: Dan Hyvl
		 cc:
		 Subject: Eastern New Mexico Gas Company

Dan,

Attached is a term sheet that has been sent to Eastern New Mexico gas company
to extend a four year deal that ends on April 30, 2001.  Could you look into
the confirmation for this transaction?  They will be going to the board for
approval at the end of next week so you have some time.  Sorry to bombard
you!!  This one should be easy.

Thanks,

Kim


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 04/24/2001
05:40 PM ---------------------------

	Enron North America Corp.

	From:  Elena Chilkina                           04/19/2001 01:49 PM

To: mlwang@uts.cc.utexas.edu, Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: Weather and energy price Data

Mulong,

Please find attached a file with Henry Hub natural gas prices. The data
starts from 1995 and given on the daily  basis, please let us know when we
can proceed with electricity prices.

Sincerely,
Elena Chilkina

Vince J Kaminski@ECT
04/16/2001 08:19 AM
To: mulong wang <mlwang@uts.cc.utexas.edu> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Elena Chilkina/Corp/Enron@Enron,
macminnr@uts.cc.utexas.edu

Subject: Re: Weather and energy price Data

Mulong,

We shall send you natural gas Henry Hub prices right away.
Please look at the last winter and the winter of
95/96.

We shall prepare for you the electricity price
information (Cinergy, Cobb and Palo Verde) but
you have to approach FT (the publishers of
Megawatts Daily, a newsletter that produces the price
index we recommend using)  and request the permision
to use the data. We are not allowed to distribute
this information.

Please, explain that this is for academic  research and that
we can produce the time series for you,
conditional on the permission from the publishers
of Megawatts Daily.

Vince Kaminski

mulong wang <mlwang@uts.cc.utexas.edu> on 04/15/2001 03:43:26 AM
To: vkamins@ect.enron.com
cc: Richard MacMinn <macminnr@uts.cc.utexas.edu>
Subject: Weather and energy price Data

Dear Dr. Kaminski:

I am a PhD Candidate under the supervision of Drs. Richard MacMinn and
Patrick Brockett. I am now working on my dissertation which is focused on
the weather derivatives and credit derivatives.

Could you kindly please offer me some real weather data information about
the price peak or plummet because of the weather conditions?

The past winter of 2000 was very cold nationwide, and there may be a
significant price jump for natural gas or electricity. Could you
please offer me some energy price data during that time period?

Your kind assistance will be highly appreciated and have a great day!

Mulong


Lets discuss.
---------------------- Forwarded by Phil DeMoes/Corp/Enron on 01/25/2001
08:58 AM ---------------------------

"James Jessee" <james.jessee@piedmontng.com> on 01/24/2001 12:38:17 PM
To:
cc: "Keith Maust" <keith.maust@piedmontng.com>, "Scott Searcy"
<scott.searcey@piedmontng.com>

Subject: Piedmont Capacity RFP

Please find an attached Word file that describes Piedmont's RFP. The attached
Excel file provides the current rates and fuel for the capacity being offered
for release.  Please let me know if you have any questions or problems with
the
attchments.
Jim Jessee
704-364-3483  x6490

(See attached file: Capacity Release 2001-2002.DOC)(See attached file:
Release01.XLS)

 - Capacity Release 2001-2002.DOC
 - Release01.XLS


Traders are finishing up a meeting and Mike has his trade log with him. I'll
let you know in a second.

Kerri Thompson@ENRON
03/20/2001 01:31 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource check out

555403
broker has Q302

555404
broker has Q302

thanks


---------------------- Forwarded by Robert Badeer/HOU/ECT on 07/31/2000 05:47
AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  CAISO Market Operations - Hour Ahead
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=SYSTEM_CN=MARKETOPSHOURAHEAD@caiso.com>
                      07/31/2000 04:24 AM

To: "Market Status: Hour-Ahead/Real-Time"
<IMCEAEX-_O=CAISO_OU=CORPORATE_CN=DISTRIBUTION+20LISTS_CN=MKTSTATHOURAHEAD@cai
so.com>, Market Status <MarketStatus@caiso.com>
cc:
Subject: MARKET NOTICE---EMERGENCY OPERATING ORDER RELATING TO UNINSTRUCTE D
DEVIATIONS JULY 31, 2000

MARKET NOTICE---EMERGENCY OPERATING ORDER RELATING TO UNINSTRUCTED
DEVIATIONS JULY 31, 2000

This notice is to advise all Scheduling Coordinators and owners of
Generation in the ISO Control Area that the ISO is issuing an operating
order for July 31, 2000, that all resources must follow final Hour Ahead
Schedules, as adjusted by RMR Dispatch Notices, or by Dispatch instructions
verbal or electronic, on Ancillary Service or Supplemental Energy bids.  NO
UNINSTRUCTED DEVIATIONS WILL BE ALLOWED.  Section 2.3.1.2.1 of the ISO
Tariff requires Market Participants in the ISO Control Area to "comply fully
and promptly with the ISO's operating orders." Any Generating Unit with real
time output that reflects an excessive deviation from the real time output
consistent with its Final Hour Ahead Schedule as adjusted by Dispatch
instructions, and assuming a 20 minute ramp across the top of the hour for
hourly Schedule changes, will be deemed to have failed to comply with this
operating order.  For the purpose of this determination, an excessive
deviation shall be the smaller of 10% of a Generating Unit's maximum
capability, or 10 MW.  The only exception to this finding is a Generating
Unit that provides the ISO with timely notification of a unit outage or
derate. Failure to comply with this operating order threatens the reliable
operation of the ISO Control Area.  In particular, uninstructed incremental
deviations by Generating Units that are "chasing" the BEEP Interval Prices
published by the ISO are directly responsible for the frequency excursions
the ISO experienced  June 13, 2000. The ISO will take the following actions
with respect to those Generating Units that fail to comply with this
Operating Order: 1) ISO Management will deliver a report to the ISO
Governing Board that provides a copy of this notice, and a comparison of the
instructed and actual output profile for each Generating Unit that fails to
comply. 2) The ISO will assign any WSCC RMS penalties associated with
frequency deviations to the Generating Units that fail to comply.


Do you believe that your RBs suck now?  Do you want some help - I am your man


Shirley,

OK.

Vince
---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 01/07/2000
12:02 PM ---------------------------

Alex Huang@ENRON
01/07/2000 08:28 AM
To: Shirley Crenshaw/HOU/ECT@ECT
cc: Vince J Kaminski/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT
Subject: New PC

Hi Shirley,
I would like to request for a new PC.  My current PC is quite old with not
enough memory.  Twice
I ran out of memory and had to have IT people coming to clean it for me.
Their suggestion is
to either get a new hard drive or a new PC.  Given that Dell has Pentiumc III
Processor at 800 MHz
on market, I would like to request a PC with process at 500 MHz or higher
level.
Thank you very much.

Best,
Alex


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I've got one more deal that Houston says they haven't received a signed
confirm letter for - 420529. Stephanie Piwetz says she spoke to Grant County
and they said they already sent out that one and 432854, but haven't received
them back from us......???? Do you know where they are?

Kate

(From 2/26/01)
Just something to keep in mind -
The confirms group in Houston is waiting on signed confirm letters from Grant
County for the following three deals -

432854
420554
420563

I've let Stephanie Piwetz and Sharen Cason know that you'll forward the
letters on to them once you receive them. Or you can give them to me and I'll
fax them over. Keep me posted on the progress.

Thanks,
Kate


Enron Still Target in California Amid Other Problems (Update1)
2001-10-26 16:15 (New York)

Enron Still Target in California Amid Other Problems (Update1)

     (Updates with closing share price in last paragraph.)

     Sacramento, California, Oct. 26 (Bloomberg) -- Enron Corp.,
facing an inquiry by federal securities regulators into
partnerships run by the former chief financial officer, remains a
target of investigations and lawsuits in California.

     California lawmakers and regulators have accused power
providers of manipulating the state's energy market to raise
prices. Enron, the biggest energy trader, and other power sellers
have denied the charges repeatedly.

     Next month, a California Senate committee investigating the
power market plans to hold a hearing to determine if Enron and
other generators are complying with subpoenas for trading
documents. Enron has been filing documents in Sacramento,
California.

     ``They are still putting documents in their depository, and I
don't think they've completed that process,'' said Alexandra
Montgomery, a consultant to the committee. It ``remains to be
seen'' whether Enron is complying with its subpoena, she said.

     The suits and inquiries came after wholesale power prices in
California soared, leaving the state's two largest utilities
insolvent. Under California's plan to open its electricity market
to competition, the utilities of PG&E Corp. and Edison
International weren't allowed to pass rising costs to customers.

     ``I know that we're doing our best to comply with what the
committee is asking for,'' Enron spokesman Mark Palmer. ``We are
putting documents in the depository, and we're looking forward to
a speedy resolution.''

     Shares of Houston-based Enron have fallen by more than half
since Oct. 16. The company ousted Andrew Fastow as the chief
financial officer Wednesday amid a U.S. Securities and Exchange
Commission inquiry into a partnership he ran that cost Enron $35
million.

                            Grand Jury

     Enron also is one of the companies being investigated for
civil and criminal violations by California Attorney General Bill
Lockyer, who convened a grand jury in June.

     Lockyer has been criticized by Enron officials for telling
the Wall Street Journal in May that he would like to put Enron
Chairman Kenneth Lay in ``an 8 x 10 cell that he could share with
a tattooed dude who says `Hi my name is Spike, honey.' '' Lockyer
later apologized for the remark.

     The attorney general's investigation is proceeding, Lockyer
spokeswoman Sandra Michioku said. Michioku said she didn't know
when civil or criminal charges against Enron or other power
providers might be filed.

     ``Our investigation is still being pursued,'' she said. ``We
had to go to court to get Enron to turn over documents, so that
slowed things down a bit.''

     Enron's Palmer said he didn't know the status of the attorney
general's investigation.

     ``I think the attorney general demonstrated his willingness
to take a fair and impartial look a long time ago when he made his
vulgar and unfounded remarks about our chairman,'' Palmer said.

                           More Lawsuits

     Enron, along with other major power providers such as Duke
Energy Corp. and Dynegy Inc., face at least five lawsuits alleging
they manipulated California energy prices in violation of
antitrust laws.

     The cases, which include separate complaints filed by the
City of San Francisco, California Lieutenant Governor Cruz
Bustamante and various consumers, currently are in state courts
awaiting a coordination proceeding, said Michael Aguirre, a lawyer
representing Bustamante. The lawsuits should be assigned to a
judge by the end of next month, he said.

     If the complaints succeed, the companies might be ordered to
repay profits from any illegal activities and pay fines, including
triple damages.

     Enron's stock fell 95 cents, or 5.8 percent, to $15.40,
declining for the eighth day in a row. The shares have fallen 80
percent in the past 12 months.

--Daniel Taub in Los Angeles, (323) 801-1261 or


We are working very diligently to accommodate the need for space on the 30th
floor.  Unfortunately, we are not able to do any major construction to
densify the floor during the next several months while Enron Property
Services is completing the build-out of levels 29, 31 and 32.   In the mean
time, we are going to build out the window spaces on 30 to increase the
capacity on the floor.  While these locations are not prime spots, people
will need to occupy them as our business continues to grow.  Once the window
seats have been constructed (estimated to be 2-3 weeks), we will realign
groups on the floor and people will need to move once again.

I am requesting your cooperation and patience to work with Lisa Cousino while
she works with space planners to coordinate the location of Energy Operations
personnel on the newly-constructed Commercial floors.  Susan Harrison is
working with Lisa to manage the space planning on 30 during this transition
period.  Chantelle Villanueva will be coordinating all moves of people and
equipment on the 30th floor.  If there are any problems once a move has
occurred (i.e., missing or non-working phones, boxes, computer equipment,
printers, etc.), please contact Chantelle at Ext. 3-6279 as she will also
coordinate the follow-up on all move-related items.  If Chantelle is not
available, Maria Sandoval will be her backup.  Maria can be reached at Ext.
3-5586.

I would also appreciate your help in cleaning up the floor, including the
window spaces.  We can no longer maintain unnecessary boxes, paper and
supplies on the floor.  Please coordinate with your assistant to have your
area cleaned up by December 31.  During this clean-up process, if you have
any documents that need to be filed and/or archived, please contact Carolyn
Gilley in the Information and Records Management group at Ext. 3-5237 and she
will make arrangements to pick up the information from the 30th floor.

Thank you in advance for your understanding and cooperation in maintaining a
neat and professional work environment.  Between now and the summer of 2001
when we will relocate to the new building, please keep in mind that we are
all working in a temporary and makeshift environment.  I would greatly
appreciate your patience and good humor as we struggle to use the available
space effectively.

If I have missed anyone on the distribution list that has just recently moved
to the 3oth floor, please forward this message to them.


David:
How's S.P.?  Wanted to ask you a question regarding your town house.  Have
you sold it or are you renting it out, b/c we might be interested in renting
it from you if you have not done so already.  Let me know what you think.
Talk to you soon.  Thanks
Ben


Per our discussion about a month ago, have you been able to discuss further
ideas regarding how to more efficiently utilize the blue/green files?

Cordially,
Mary Cook
Enron North America Corp.
1400 Smith, 38th Floor, Legal
Houston, Texas   77002-7361
(713) 345-7732 (phone)
(713) 646-3490 (fax)
mary.cook@enron.com


Hi John,

I am attaching a spreadsheet that details all of the donations you have
reported for the Order of Good Cheer to date.

Please review the information I have recorded for accuracy, as this is
how the names will appear in the brochure, website, and thank-you
letters.  If I have entered anything incorrectly please let me know by
Tuesday afternoon.

Thank you John, and I look forward to seeing you at the party!

Kelly Trout

 - OGC - Individual.xls


Jim:  We are still trying to resolve the ISDA issues.  On a slightly
different note, could you please send me copies of the executed confirmations
for the five trades that HSES has with J. Aron?  My fax number is (713)
646-3490.  Thanks.  Sara

	"Jim Piccone" <jpiccone@hsresources.com>
	06/20/2000 02:41 PM

		 To: <Sara.shackleton@enron.com>
		 cc: "Jim Kincaid" <Jkincaid@hsresources.com>, "Linda Busk"
<Lbusk@hsresources.com>, "Mark Bingham" <Mbingham@hsresources.com>, "Pam
Smith" <Pasmith@hsresources.com>
		 Subject: Latest drafts of both assignments and appendices

 - HS Resources - Enron.doc
 - Enron.xls
 - HSR-HSESEnron.doc
 - JAron-Enron.xls


Thomas,

Please do not email this to John.  I believe that I have been receiving a
copy of this from Gabriel in the morning with the other gas information.  In
the event that this is an update or different information, always direct it
to my email address.

Thank you for all and call me if you have any questions.

Kim Hillis
x30681

	Enron Energy Services

	From:  Thomas J Donovan @ EES                           08/03/2000 08:31 AM

To: John J Lavorato/Corp/Enron@Enron
cc: Neil Hong/HOU/EES@EES, Monica Hwang/HOU/EES@EES, Ray Hamman/HOU/EES@EES

Subject: EES Gas Basis Positions


Please find attached a draft of the legal risk memo for the YPF GSA.  We
expect to be meeting with YPF to negotiate the form of their consent to
assignment to the lenders in connection with the project financing on
Tuesday, June 12, 2001 in Sao Paulo.  We expect to be in position to execute
the GSA and related agreements immediately thereafter, perhaps as early as
the evening of June 12th.

Best Regards,

EDD

Edmund D. Daniels
Senior Counsel
Enron North America Corp.
1400 Smith, EB 3813
Houston, Texas 77002
713.345.4753 (direct)
713.646.3490 (telecopy)


Thanks Rod.


Linda, before we knew that you and Ken were going to the VIP reception, Ken
had me ask if others could attend in your place.  I did ask and they have
just called me that Nancy Kinder said that it is o.k. for the Vermeils and
the Herrolds to attend, in addition to you and Ken.  They did ask if we would
not spread it around as others have asked and they have not let them.

Oh, but Beau just called that Heather is ill and they are cancelling.

Rosie


Dear Christine:

Unfortunately, Steve has been out of the country call week.  He will return
to the office tomorrow.  Let me get back with you early tomorrow regarding
the presentation.

If you need to contact me, please call me at 713-853-1808.

   Maureen McVicker
   Executive Assistants

Christine Velez Badar <cbadar@carbon.cudenver.edu> on 05/17/2001 02:25:29 PM
To: Steven.J.Kean@enron.com
cc:

Subject: May 22-23, 2001 Forum Presentation

Dear Mr. Kean,

Heidi Van Genderen asked me to send you a reminder notice.  We will be
loading all the power point presentations onto 1 laptop.  If you could
please send me your presentation by friday morning (5/18), it would be
greatly appreciated.

Christine Velez Badar
The Centers at University of Colorado-Denver
1445 Market St., Suite 380
Denver,  CO  80202
phone: 303.820.5674
fax: 303.820.5656
email: cbadar@carbon.cudenver.edu


Jeff, would you please add me to your distribution list as the Northwest
Regional Manager.

Thx,  Rene'

-----Original Message-----
From: vanUlden, Dirk
Sent: Thursday, February 22, 2001 11:30 AM
To: Lazure, Ren,
Subject: FW:  CA PUC Moves to Implement Direct Access Prohibition in AB1X

FYI

Dirk A. van Ulden
Director, Account & Facility Management
Enron Energy Services, Northwest Region
(925) 543-3879
Fax (925) 543-3550
dirk_vanulden@enron.com

-----Original Message-----
From: Jeff Dasovich/NA/Enron@ENRON@EES  On Behalf Of Jeff
Dasovich/Na/Enron@EES
Sent: Tuesday, February 20, 2001 5:40 PM
To: Comnes,Alan; Schwarz,Angela; Aden,Beverly; Votaw,Bill; Barreda,Brenda;
Moffett,Carol; Corbin,Cathy; Foster,Chris; Liscano,Christina;
Calger,Christopher; Sutter,Craig; Leff,Dan; Whitehead,Debora;
Benevides,Dennis; Black,Don; Youngblood,Dorothy; Huth,Douglas; Sacks,Edward;
Melvin,Eric; Dupre,Erika; Hughes,Evan; Deltoro,Fran; Frank W
Vickers/HOU/ECT@ECT; Muench,Gayle; Dernehl,Ginger; Savage,Gordon;
Buchanan,Harold; Kingerski,Harry; Waser,Iris; Steffes,James; Lewis,James;
Wright, James; Messina,Jeff; Blachman,Jeremy; Hewitt,Jess; Hartsoe,Joe;
Denne,Karen; Bass,Kathy; Dodgen,Kathy; Gustafson,Ken; Hughes,Kevin;
Lopez,Leasa; Botello,Leticia; Muller,Mark; Suggs,Marsha; Sunde,Marty;
Eggleston,Meredith; Etringer,Michael; Mann,Michael; Cisneros,Michelle;
mpalmer@enron.com; Bresnan,Neil; Hong,Neil; Kaufman,Paul; Warren,Paula;
Zdunkewicz,Richard; Leibert,Richard; Shapiro,Richard; Hennessy,Rita;
Badeer,Robert; Yang,Roger; Tijerina,Rosalinda; McCubbin,Sandra;
Novosel,Sarah; Gahn,Scott; Stoness,Scott; Dick,Sharon; skean@enron.com;
Mara,Susan; Leslie,Tanya; Lair,Tasha; Ted Murphy/HOU/ECT@ECT; Greenlee,Terri;
Belden,Tim; Spruiell,Tony; Sharp,Vicki; Gorny,Vladimir; Curry,Wanda;
Bradford,William; Corbally,Kathryn; Whalan,Jubran; triley@enron.com;
Sanders,Richard; Williams,Robert; Wolfe,Greg; Wright, James; vanUlden, Dirk;
Walker,Steve; Rudolph,Jennifer; Wenzel,Martin; Condon,Douglas;
wgang@enron.com; Scott Govenar <sgovenar@govadv.com>; Hedy Govenar
<hgovenar@mail.acom2.com>@ENRON; jklauber@llgm.com
Subject:  CA PUC Moves to Implement Direct Access Prohibition in AB1X

FYI.  We should discuss on tomorrow's call.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 02/20/2001 07:34 PM -----

 JMB <JBennett@GMSSR.com> 02/20/2001 07:15 PM     To: "Bob Frank (E-mail)"
<robert.frank@enron.com>, "Harry Kingerski (Business Fax)"
<IMCEAFAX-Harry+20Kingerski+40+2B1+20+28713+29+20646-3409@GMSSR.com>, "Jeff
Dasovich (E-mail)" <jdasovic@enron.com>, "Sue Mara (E-mail)"
<smara@enron.com>, "Tamara Johnson (E-mail)" <tjohnso8@enron.com>  cc:
Subject: FW: #3 in A.00-11-038 et al.

Attached is a draft order circulated late this afternoon.  The intent of the
Commission is to vote on it at Thursday's meeting. The order implements the
provision in AB 1x to suspend direct access.  We are given 24 hours to
comment.  In addition note ordering paragraph six which gives parties 30
days to address how the Commission should implement the suspension of direct
access.

If you want to lob comments in tomorrow, please call me first thing in the
morning. ( I must leave for hearings at the Commission at 8:40).

>  <<CPUC01-#90588-v1-A0011038_et_al_DeUlloa_Agenda_Dec__.doc>>
>
>
Jeanne Bennett

 - CPUC01-#90588-v1-A0011038_et_al_DeUlloa_Agenda_Dec__.doc


Kay,

Brian requested I send you a copy of this document.  Give me a call if I can
be of any assistance.

Regards,

Cheryl Costa


Gentlemen:

We have enclosed drafts of the following documents:

1.  Resolutions of sole member of Salmon Energy LLC authorizing the turbine
acquisition and related documents;
2.  Incumbency Certificate of ENA for the escrow agent; and
3.  Incumbency Certificate of PPL for the escrow agent.

The resolutions authorize the turbine contract, the loan from PPL, and the
G/E consent and agreement.  I have also drafted resolutions to be dated the
day following closing to elect as directors the persons named in the Amended
and Restated LLC Agreement (need the names of these persons - three
designees of PPL and one designee of ENA) and to replace the officers of the
LLC with persons designated by PPL.  If the lender desires Salmon
resolutions authorizing a security agreement to be signed by Salmon, we
would recommend that the new Salmon board controlled by PPL sign resolutions
ratifying and approving the security agreement, rather than have ENA approve
a security agreement that it has not negotiated and is not familiar with.

From a timing standpoint, we need to focus on the documentation required to
set up the escrow account, as I understand that the escrow may be funded on
the same day as the financial closing, namely, Thursday, April 19.  Citibank
will need (I) the escrow agreement, (ii) an incumbency certificate from each
party to the escrow agreement, (iii) a W-9 signed by each non-corporate
party to the escrow agreement, and (iv) a signed fee agreement.  The
incumbency certificates are enclosed.  Please insert names and other
information as appropriate.  We need comments to the Escrow Agreement in as
soon as possible in order that we can provide these documents to Citibank
for approval.

Thank you.

Carolyn M. Campbell
King?& Spalding
713-276-7307 (phone)
713-751-3280 (fax)
ccampbell@kslaw.com <mailto:ccampbell@kslaw.com>

Enclosures: 137061v3
  140106v1
  140109v1

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

 - Salmon - Resolutions of LLC.DOC
 - Enron Incumbency Cert for Escrow.DOC
 - Pegasus Incumbency Certif for Escrow.DOC


nope

 -----Original Message-----
From: 	Pickering, Mark
Sent:	Thursday, October 18, 2001 11:21 AM
To:	Kitchen, Louise
Subject:	RE: ibuyit or IT

Are you expecting me to reply ?

Mark Pickering
Chief Technology Officer

Enron Net Works, LLC

  _____

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	18 October 2001 08:46
To:	Wasaff, George; Pickering, Mark
Cc:	Black, Don
Subject:	RE: ibuyit or IT

Just so you know, I am nearer the bottom of the issue.

A user of ibuyit can select whether they want new equipment or old equipment.  So I surveyed our assistants - obviously more than ours up here, to see if any of them knew that you could order OLD equipment instead of NEW.  None of them did, including TJ Black who has since I have been receiving my weekly reports ordered the most IT equipment.

Jenny's group is to some extent relying upon this selection to buy the equipment.  Don Black's equipment was bought new even though he is about to move but will get used in remote offices where they have no flat panels.  So the buying is done by EA and someone else is benefitting.

As there is no way around ibuyit, I think we need a default where we use old equipment instead of new equipment.

As no-one replied to my previous email - I live in hope.

Thanks

Louise
 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, October 17, 2001 12:40 PM
To:	Wasaff, George; Pickering, Mark
Cc:	Black, Don
Subject:	ibuyit or IT

Here's a little issue.

We have recently needed some screens, pcs etc for new starters.  Obviously this is a bit of a peculiar time to buy something when we are on the point of moving.  My understanding from Don Black (who is hiring these people) is that we have to use ibuyit to request equipment for these people rather than just get IT to give us a temporary (old screens from EGM) until we move.  What is happening behind the scenes on this issue - do you go an buy new ones or is someone substituting ones that are now redundent?

Thanks

Louise


I have some questions myself about the data contained below, but it is
largely accurate, and for those of you following Europe from afar, I thought
this summary was a convenient way to share with you the status of
developments in Europe.   call if you have any questions.   mcs
---------------------- Forwarded by Mark Schroeder/LON/ECT on 12/12/2000
16:44 ---------------------------

Kyran Hanks
12/12/2000 16:02
To: Paul Turner/LON/ECT@ECT, Bob Manasse/LON/ECT@ECT, John
Oliver/LON/ECT@ECT, Robert Saltiel/LON/ECT@ECT, Ron Bertasi/LON/ECT@ECT,
Stuart G Rexrode/LON/ECT@ECT, Patrick Bastien/LON/ECT@ECT, Kirsten
Wolf/LON/ECT@ECT, David Haworth/LON/ECT@ECT, Patricia Graham/LON/ECT@ECT,
Hala Tayyarah/LON/ECT@ECT, Christoph Waltenspuel/LON/ECT@ECT, Kevin
Greiner/FRA/ECT@ECT, Jackson Vo/HOU/EES@EES, Dung Tran/LON/ECT@ECT
cc: Mark Schroeder/LON/ECT@ECT, Paul Dawson/Govt. Affairs/LON/ECT@ECT, Doug
Wood/LON/ECT@ECT, Sadia Haider/LON/ECT@ECT

Subject: Country and EU liberalisation summaries

All

Given the number of requests that we have for country summaries, Sadia has
put together these two files.  The first of these files contains for each
country of the EU, for power and gas, a description of each country's
deregulation, and current issues.  I think we will update this every month or
so.

The second file contains some EU wide stuff - maps of liberalisation, the
flags showing liberalisation etc.

Let me know if you need anything else - our next step is to add reported
price data.  These are also on the s:\ees\risk mgt\presentations shared space

Enjoy.

K.
---------------------- Forwarded by Kyran Hanks/LON/ECT on 12/12/2000 15:59
---------------------------

Sadia Haider
07/12/2000 16:43
To: Kyran Hanks/LON/ECT@ECT
cc:

Subject: country slides


Hi Judy, Is Jennifer all right I heard they were in a car accident! I've
been trying to reach her because I know the kids party was canceled twice.
So I wanted to see if she was going to make one after all. Anyway, I tried
e-mailing her and no response. If you see her tell her I said hello and
hope that they are okay!

Take care,
Yvonne


RE your inquiry about the General Terms and Conditions of Confirmation (
Annex A to the Confirmation ) and Credit and Other Special Provisions (Annex
B to the Confirmation) that were attached to the 9/1/99 "Summary of Proposed
Agreement Between Enron and Catalytica Combustion Systems, Inc. ("CCSI")" (
which I understand was sent to Catalytica) , I went through all the E-Mails I
had sent or received that attached the Confirmation or the Summary of
Proposed Agreement as an exhibit, but I can't seem to find one that included
these Annexes A and B. I've asked a clerk in the department to deliver to
both you and Sara the copy of Annexes A and B that were attached to the paper
version of the 9/1 Summary of Proposed Agreement in my files. Perhaps one of
you will recollect from whom the Annexes were obtained, so we can retrieve
them in electronic format and append them to the most current draft
Confirmation.

Regarding your question about credit terms, they are embodied in Annex B.
Regarding our exposure to Catalytica credit between execution and payment,
remember that we will not execute the Option Repurchase Agreement until we
receive CCSI's cash via wire transfer ( this was the deal Brad agreed to when
he suggested we delete the receipt of CCSI's payment as an express condition
to effectiveness of the Xonon Implementation Agreement with GE, the
effectiveness of which agreement is in turn an express condition to
effectiveness of the Option Repurchase Agreement). In short, my understanding
is that we would not deliver the Option Repurchase or execute and deliver the
Xonon Implementation Agreement until we had a good wire transfer from CCSI of
the full payment amount. Perhaps we should add that stipulation expressly to
the Option Repurchase Agreement and consider whether it would then be
appropriate to delete Annex B. Note in this regard, however, that if CCSI
were to default under other provisions of the derivative, I believe we would
be seeking payment from CCSI for termination expenses and the like, but I
don't know if this justifies the credit provision.


Peggy

Could you send the location of the file with the descriptions to Anne Koehler in Houston and cc Nella.

Thanx for your help.

Chris

 -----Original Message-----
From: 	Hedstrom, Peggy
Sent:	Saturday, December 15, 2001 7:21 AM
To:	Dorland, Chris
Subject:	FW: I:\NewCo file inventory

Everything has been copied to the newco directory.  We have one master index with the file names and descriptions.  Let me know if you have questions.
Peggy

 -----Original Message-----
From: 	McKeel, Richard
Sent:	Friday, December 14, 2001 4:45 PM
To:	Brodeur, Stephane; Laporte, Nicole; Hedstrom, Peggy; Johnston, Greg; Gaffney, Chris; Marryott, Michael; Cappelletto, Nella; Dawes, Cheryl; Devries, Paul; Zufferli, John; Le Dain, Eric; Dupuy, Mark; Gillis, Brian; Heal, Kevin; Reeves, Kathy; Seib, Dianne; Vander velde, Nikole
Subject:	I:\NewCo file inventory

Everything from Ops, Trading, Marketing, and Development in Calgary, plus Mike's inputs from Toronto, has been consolidated into one master index.  The file is located at

	I:\NewCo\00_README.xls

If you have additional items to add to your directories, or I have not yet received inputs from you, please update the master index.  There is one tab for each department.

Thanks,
Richard C. McKeel
Enron Canada Corp.
Phone: 403-974-6742
Fax: 403-974-6706


(See attached file: FOMC Meeting.pdf)

Carr Futures
150 S. Wacker Dr., Suite 1500
Chicago, IL 60606  USA
Tel:  312-368-6149
Fax:  312-368-2281
soblander@carrfut.com
http://www.carrfut.com
 - FOMC Meeting.pdf


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I'll touch base with you this afternoon.  Thanks.

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 06/06/2001 11:41 AM -----

	Cheryl Nelson@ENRON Sent by: Cheryl Nelson@ENRON 06/06/2001 09:15 AM 	   To: Sara Shackleton/HOU/ECT@ECT  cc: Tom Doukas/Enron@EnronXGate  Subject: Enron Credit Inc.

Sara, as you assumed this matter, see attachments.

Cheryl Nelson
Senior Counsel
EB3816
(713) 345-4693
http://gss.enron.com/
----- Forwarded by Cheryl Nelson/NA/Enron on 06/06/2001 09:14 AM -----

	Anthony Capolongo <A.Capolongo@morganstanley.com> 06/06/2001 07:43 AM Please respond to A.Capolongo 	   To: cheryl.nelson@enron.com  cc: Ketan Parekh <Ketan.Parekh@morganstanley.com>, Joseph Marovich <Joseph.Marovich@morganstanley.com>, tom.doukas@enron.com  Subject: Enron Credit Inc.

Cheryl:

As requested, attached are the Master Securities Loan Agreement and Cash
Letter needed to set up Enron Credit Inc. on the enhanced product.
Please forward two sets of originals to my attention and I will forward
a fully exected original copy to Enron.

Regards,

Anthony

 - EnronCredit.doc
 - Arranged Cash Agreement Letter.DOC


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Both Mike Swerzbin deals were in incorrectly. We've changed them, and added
the last deal for Matt Motley.

495106
Off Peak

495175
50 MW

Matt's deal should show up any minute.

Thanks,
Kate

Evelyn Metoyer@ENRON
01/11/2001 02:05 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: 1/11/01 errors

Mike Swerzbin

ref 495106
Prebon says this s/b off-peak not peak

ref 495175
Prebon shows 50 mw not 25

Matt Motley
I am missing the following deal per Amerex for Matt:
Enron buys EES 25mw Q3'01 PV at $275.00


Cool.  Thanks for sharing that with me.
m

To: Mike McConnell/HOU/ECT@ECT
cc:
Subject: Manhattan JDF Walk

FYI...
---------------------- Forwarded by Marty Sunde/HOU/EES on 10/24/2000 10:10
PM ---------------------------

Peggy Mahoney
10/24/2000 06:33 PM
To: Jeremy Blachman/HOU/EES@EES, Harold G Buchanan/HOU/EES@EES, Elizabeth
Tilney/HOU/EES@EES, Dan Leff/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Mark S
Muller/HOU/EES@EES, Vicki Sharp/HOU/EES@EES, Kevin Hughes/HOU/EES@EES
cc: Max Eberts/HOU/EES@EES, Christopher Smith/HOU/EES@EES, Bobby
Wertheimer/HOU/EES@EES
Subject: Manhattan JDF Walk

FYI:  Great Enron accolades from Starwood's Chairman/CEO Barry Sternlicht
in letter below.

We are working to spread the news of our partnership to all Starwood employees
and will provide a link to Sternlicht's letter in this weeks buzz.

Peggy
---------------------- Forwarded by Peggy Mahoney/HOU/EES on 10/24/2000 06:28
PM ---------------------------

	Enron Energy Services

	From:  Christopher Smith                           10/24/2000 08:17 AM

To: Bobby Wertheimer/HOU/EES@EES, Wendy Raleigh/HOU/EES@EES, Kevin
Kovak/HOU/EES@EES, Rob Rice/HOU/EES@EES, Timothy P Neil/HOU/EES@EES, Darian
Hawkins/HOU/EES@EES
cc: Peggy Mahoney/HOU/EES@EES
Subject: Manhattan JDF Walk

Thanks again for your participation in the Manhattan JDF Walk on Sept. 24.  I
have received very positive feedback from Starwood on our efforts to send a
team from Enron to the walk in New York.  Please read the following message
sent from Chairman/CEO Barry Sternlicht.

Thank you,
Chris
---------------------- Forwarded by Christopher Smith/HOU/EES on 10/24/2000
08:03 AM ---------------------------

"Conits, Katherine" <katherine.conits@starwoodhotels.com> on 10/23/2000
12:43:59 PM
To: "'csmith6@enron.com'" <csmith6@enron.com>
cc:
Subject: Juvenile Diabetes Foundation

  <<Chairman's MessageSTARWOOD.doc>>

Chris, please in turn e-mail this communication to all ENRON Houston
associates....Thank You!!

Katherine A. Conits
Manager of Public Affairs
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
777 Westchester Avenue
White Plains, NY 10604
T: 914-640-8198
F: 914-640-8134
e-mail: katherine.conits@starwoodhotels.com


FYI
---------------------- Forwarded by Shelley Corman/ET&S/Enron on 04/12/2000
11:49 AM ---------------------------

Shelley Corman
04/12/2000 11:45 AM
To: Robert Hill/NPNG/Enron@ENRON
cc: Jeffrey Keeler/Corp/Enron@ENRON, Cynthia Sandherr/Corp/Enron@ENRON

Subject: Background Materials for the INGAA Board Meeting

Bob,
I generally prepare a package of briefing materials for Stan Horton prior to
INGAA Board meetings.  Since you are attending in his place, I'm planning on
doing the same for you.  I'll forward a complete package tomorrow.  In the
meantime, I wanted to give you a heads up on two issues that will likely come
up at the meeting.

Pipeline safety.  There is a great deal of activity  of this issue.  The
accident in Bellingham Washington has politicians taking the opportunity to
push for tougher state oversight authority and more money to the states.
Last week a grass roots group called the National Pipeline Coalition met to
rally support for state oversight.  INGAA's general reaction has been to
distinguish gas and liquids lines and refer to the gas pipeline safety
record.  To the extent that we have distinquishing factual (not hypothetical)
date,  think this information will be useful in any substantive pipeline
safety legislation.  However, the more immediate issue is appropriations.
Jeff Keehler reports that while safety legislation is not likely this year,
he is certain that we will confront appropriations issues in the form of
higher user fees.  INGAA's approach has been to say absolutely that user fees
for gas pipelines should not be increased.  When we met with Stan Horton last
week, he felt like we should develop a compromise position on some level of
user fee increases that we could support if spent on pipeline damage
prevention (one call) and other public education efforts.  Jeff agrees that a
compromise might be a good political solution, allowing the Washington
congressional members to claim victory in bringing home more money to the
states.  Jeff plans to finish his memo on our compromise position in the next
day or so.  The next step will be convincing INGAA to look at some compromise
rather than flatly rejecting user fees.  It may be appropriate for Enron to
ask that INGAA set up a meeting of the Board level safety task force to
consider such a compromise.
Electric Restructuring Legislation.  Cynthia Sanherr informs me that several
of the combined gas/electric utility members (e.g. Duke) are lobbying INGAA
to change its position on pending electric legislation in a direction that is
counter Enron's interests.  I need to get more detailed notes from Cynthia
and will include in your Board package.  She expects this to come up at the
Board meeting.


All,

We will be offering monitors for sale again in the Portland Office.  We have a variety of monitors for you to choose from.

Older 17' units - $10
Newer Compaq 17' units - $20
Older 21' units - $25
Newer Compaq 19' units - $35

Please respond to this email with the type of monitor you would like to purchase.  Will have a lottery type drawing on Friday Morning. By Friday afternoon, you will be notified that you can come by and pick out your monitor. We need to have all monitors picked up and removed my Friday the 2nd. After that, all remaining monitors will be donated to charity.

Regards,
Paul Kane
Portland IT


Dale,

Thanks for your message.

I was traveling last week and things were put on the back burner. You should
see a letter to John Sherriff Wed morning (my time).

Vince


Jason:  Attached for your review please find a black-lined copy of the
FPL-Enron ISDA master agreement marked to show changes from your last
draft.  Also attached are the credit support annex, form of LOC and
form of guaranty with our changes to your initial drafts.  The changes
in this set of drafts are light in the master, a little heavier in the
annex and heaviest with respect to the proposed guaranty.  Please
provide us with your comments or approval of the enclosed drafts.
Regards, -Serge

Serge G. Martin
smartin@steelhector.com
Steel Hector & Davis LLP
200 South Biscayne Blvd.
Miami, Florida 33131-2398
(305) 577-7097 voice
(305) 577-7001 fax

 - 570710_4.DOC
 - 603603_1.DOC


---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 10/27/2000
05:19 PM ---------------------------

Shijie Deng <deng@isye.gatech.edu> on 10/16/2000 11:00:46 AM
To: Fernando Alvarado <fernando@lrca.com>, Vince Kaminski
<Vince.J.Kaminski@enron.com>, "John R. Birge" <jrbirge@northwestern.edu>,
rajesh@lrca.com, crovelli@usgs.gov
cc: Shijie Deng <deng@isye.gatech.edu>
Subject: Re: INFORMS National conference at San Antonio

Hi,

Details of our session info. at the INFORMS conference can be found at the
following link.  It'll be in the afternoon of 11/6 (Monday).

http://www.informs.org/Conf/SanAntonio2000//TALKS/MD29.html

Since we have 5 speakers, I expect each of us will have no more than 20
minutes to present.  Please keep that in mind and e-mail me if you have
any questions.  Please also inform me if there will be any changes.  Look
forward to seeing you all in San Antonio.

Best regards,

Shijie

Shi-Jie Deng
Assistant Professor
School of ISyE
Georgia Institute of Technology

Office Phone: (404) 894-6519
E-mail:       deng@isye.gatech.edu
Home page:    http://www.isye.gatech.edu/~deng


down then up

 -----Original Message-----
From: 	Maggi, Mike
Sent:	Wednesday, June 06, 2001 10:53 AM
To:	Huble, Amanda
Subject:

so up or down


Colleagues:

In addition to the regulatory assessment for Transredes, Elektro, and the San Juan Gas rate case (previously communicated), here is the current workload in TIRS with their corresponding project leads.

1)	Monetization:
a)	CALIFE - Venezuela:  Support the sale of asset through providing the requested  due diligence.  This function includes a regulatory analysis and determination of the base rate, the exercise of which should allow the determination of the strategies used by the regulator to set Calife's tariffs.   Lead:  Alberto Levy
a)	SPC - Philippines:  Support the sale team through providing regulatory due diligence to the current draft regulatory law.  Emphasis is placed on articles affecting grandfathering contracts, in addition to full assessment of the draft.   Lead:  Mike Grimes
2)	Asset Acquisition:
a)	Nicaragua Privatization: Support the acquisition team through providing regulatory due diligence.  Lead:  Alberto Levy

As these services have been demanded by the above individual business units, kindly remember that business units should pay out-of-pocket costs, if any.

With the exception of SPC project, Team Leads shall discuss their demand on internal resource in the Section meeting planned on Nov. 3rd.

Please let me know if you have any question.

Brgrds

AI


(1)  Market quotation v. Loss -- At one of the workshops at the ISDA
conference in March, I picked up some tips from the Goldman Sachs speaker
that I have found useful in arguing on behalf of Loss.  I think we should
also put before the group a uniform acceptable carve-out for MQ (in terms of
duration and commodity), with the understanding that we should only offer the
carve-out after every effort has been made for Loss applied uniformly.

(2)  Legal opinions from international counterparties -- I think we could use
clearer guidelines on when to require these.  My own thought is that we
should try to get comfortable with going without to the extent possible with
respect to Western European counterparties (absent any red flags particular
to a counterparty).  Paul Simons' input would be very useful here.

Robert E. Bruce
Senior Counsel
Enron Wholesale Services
T (713) 345-7780
F (713) 646-3393
robert.bruce@enron.com


Kay:

I do not have originals of these documents and in fact was able to obtain
copies of these documents only from Freshfields.  I recall that that
Freshfields coordinated directly with GE to obtain these documents.   Do you
happen to have the originals?  If not, how do you feel about asking GE for
the originals?

Also, per my earlier voice mail, we still need copies of the following
documents to complete our closing volume for ENA:

Confidentiality Agreement
Notice of Intent to Purchase Specified Option Property
Assignment and Assumption Agreement
Bill of Sale

If you prefer, we could prepare the closing volume omitting these documents
altogether, or alternatively, listing (but not including copies) of these
documents.  Please advise of your preference.

Finally, can you please furnish the Notice of Intent to Purchase, Assignment
and Assumption Agreement and Bill of Sale for the CA Energy Development
transactions in order that I can forward these to George Kutzschback per his
request.  Thanks.

Carolyn M. Campbell
King & Spalding
713-276-7307 (phone)
713-751-3280 (fax)
<mailto:ccampbell@kslaw.com> ccampbell@kslaw.com

-----Original Message-----
From: PARKER, Isabel [mailto:isabel.parker@freshfields.com]
Sent: Tuesday, June 05, 2001 10:18 AM
To: Carolyn Campbell (E-mail); Kay Mann (E-mail)
Cc: VAN DUSEN, Nicholas; O'BRIEN, Lisa (LMO)
Subject: Pegasus Closing Sets

This e-mail is confidential and may well also be legally privileged. If you
have received it in error, you are on notice of its status. Please notify us
immediately by reply e-mail and then delete this message from your system.
Please do not copy it or use it for any purposes, or disclose its contents
to any other person: to do so could be a breach of confidence. Thank you for
your co-operation. Please contact our
IT Helpdesk on +44 (0) 20 7936 4000 Ext.2000 or email ITHelp@freshfields.com
if you need assistance.

We are close to completing our closing sets but do not have originals of the
GE Guarantee, legal opinion or acknowledgement of receipt of funds.  We
appreciate that it is logistically difficult to have GE re-execute
documentation, but as the legal opinion and the receipt of funds are both
addressed to the lenders, we ought really to have originals of these two
documents.
Could you please let me know where the originals of these documents were
sent and whether it would be possible to have them re-directed to us or to
have the documents re-executed?
Thank you in advance
Isabel

Isabel Parker
T  +1 212 277 4025
F  +1 212 277 4001
E  isabel.parker@freshfields.com
520 Madison Avenue
34th Floor
New York, NY 10022
www.freshfields.com

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


The meeting with Rochester on Thursday at 9:00 am will be held in 3125a.
Thanks
Ben


I am now asking for  August 28, 2000.

Thanks,

Kay

Venita Coleman@ENRON
07/12/2000 05:03 PM
To: David W Delainey/HOU/ECT@ECT
cc: Brian Redmond/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron, Julie A
Gomez/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, John J
Lavorato/Corp/Enron@Enron, Lillian Carroll/HOU/ECT@ECT, Melissa
Jones/NA/Enron@ENRON, Jennifer Burns/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron,
Kimberly Hillis/HOU/ECT@ect
Subject: QBR HPL/LRC/Upstream Origination

Julie is available on August 22, 2000.
---------------------- Forwarded by Venita Coleman/Corp/Enron on 07/12/2000
04:57 PM ---------------------------

	From:  David W Delainey @ ECT                           07/12/2000 03:40 PM

Sent by: Kay Chapman@ECT
To: Brian Redmond/HOU/ECT@ECT, Jean Mrha/NA/Enron@Enron, Julie A
Gomez/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, John J
Lavorato/Corp/Enron@Enron
cc: Lillian Carroll/HOU/ECT@ECT, Melissa Jones/NA/Enron@ENRON, Venita
Coleman/Corp/Enron@Enron, Jennifer Burns/HOU/ECT@ECT, Nicki
Daw/NA/Enron@Enron, Kimberly Hillis/HOU/ECT@ect

Subject: QBR HPL/LRC/Upstream Origination

Dave and Mark have asked me to arrange a meeting, QBR HPL/LRC/Upstream
Origination, and I would like to know if August 22, 2000 from 1:00 - 5:00 pm
will work for all of you?

Thank you in advance for your promt attention to this matter.

Thanks,

Kay 3-0643


----- Forwarded by Mark E Haedicke/HOU/ECT on 03/27/2001 02:49 PM -----

	"SCIENTECH IssueAlert" <IssueAlert@scientech.com>
	03/27/2001 06:23 AM

		 To:
		 cc:
		 Subject: Two Coal Plants Announced In the Past Two Weeks

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IssueAlert for  March 27, 2001

Two Coal Plants Announced In the Past Two Weeks

by Bob Bellemare
Vice President, Utility Services

U.S. Electric Power of Point Lookout, New York, announced plans to construct
a 249 megawatt (MW) coal fired power plant at Cherry Point in Whatcom County,
Washington.  Just last week, Reliant Energy Seward LLC, a subsidiary of
Reliant Energy, announced it is planning on constructing a 520 MW circulating
fluidized bed (CFB) clean-coal power plant in Indiana County, Pennsylvania.

Analysis:  As the United States awakes from its energy policy slumber, it is
becoming increasingly apparent that the days of near complete reliance on
natural-gas-fired generation to meet our growing energy needs is coming to an
end.  According to EIA statistics, natural gas prices have risen to historic
highs with January 2001 utility deliveries exceeding $10/MMBtu, compared to
1998 and 1999 prices which floated between $2 and $3/MMBtu.  Virtually
overnight, natural gas has gone from one of the least expensive generation
fuels to one of the most expensive.  Since the January price spike, prices
have settled back down to the $4 to $5.5 /MMBtu level for Henry Hub futures
prices, but even these prices would have been considered high just twelve
months ago.

Coal, by comparison, is the United States most abundant fuel source,
constituting 95 percent of our nation's fossil energy reserves.  Coal prices
have actually dropped for utility deliveries over the past several years
according to EIA statistics.  In 1994, coal prices averaged $28.03/short-ton
($1.37/MMbtu) compared to $24.68/short-ton ($1.21/MMbtu) for second quarter
2000.  Although coal generation currently represents over 51 percent of U.S.
generation production, few plants have recently been built because of the
environmental concerns associated with coal generation and the relatively low
price for natural gas throughout the 1990s.  In 1999, U.S. coal production
actually declined by 2.1 percent which was primarily attributable to a large
drop in coal exports coupled by smaller than usual growth in coal consumption
for power generation.

But brighter days may lie ahead for the coal industry.  New, so-called
"clean-coal" technologies are being tested and developed. In the 1970s and
80s the pressurized fluidized bed coal combustor (PFBC) was developed,
removing sulfur (SO2) pollutants and limiting the formation of nitrogen oxide
(NOx) pollutants inside the boiler.  The need for scrubbers or other
post-combustion controls was eliminated by technology.  Texas New Mexico
Power (TNP) constructed two 150 MW lignite-fired units that went operational
in 1990 and 1991 based on the circulating fluidized bed (CFB) technology that
Reliant is proposing for its 520 MW facility in Pennsylvania.  The TNP One
power plant was, however, extremely costly to build.  Unit 1 cost $357
million ($2,380/kW) and Unit 2 cost $282.9 million ($1,886/kW) to construct.

Another technology being developed is the integrated gasification-combined
cycle (IGCC) technology that first converts coal into a combustible gas,
cleans the gas of virtually all pollutants, then burns the gas in a turbine
much like natural gas.  More than 99 percent of sulfur, nitrogen, and
particulate pollutants can be removed in the process.  Three gasification
power plants have been built in Florida, Indiana, and Nevada.  In the early
1990s, PSI Energy and Destec teamed up to construct a 262 MW IGCC generating
unit at the Wabash River Project in Indiana for a total installation cost of
$592 million ($2,260/kW).  In 1996, TECO completed the construction of its
250 MW IGCC generating unit at Polk Power station in Florida for a total
installation cost of $508 million ($2,032/kW).

Japan has also experimented with clean-coal technologies.  In 1998, Hokkaido
Electric Power Co. Inc. started commercial operation of a 75 MW PFBC power
plant.  Test operations are being carried out at two other plants, the 250 MW
unit of Chugoku Electric Power Co. and the 350 MW unit of Kyushu Electric
Power Co.  Japan is also testing a pilot scale (1 MW) molten carbonate fuel
cell (MCFC) at a Chubu Electric Power Co. site.

It is interesting to note that these advanced technologies have historically
approached the installation cost of a nuclear plant, but have all the
operational costs of a coal plant.  Now market conditions have changed, and
despite the high capital and operating costs, clean-coal technologies can
economically compete with natural-gas-fired generation, if gas prices
continue to remain high.  Additionally, expectations are that the next
generation of clean-coal power plants will cost significantly less than the
early pioneers' cost.  The Department of Energy (DOE) for example, assumes an
IGGC power plant can be built for $1,315/kW with an average heat rate of
8,470 Btu/kWh in its "Annual Energy Outlook 2000" report.

The DOE deserves a great deal of credit for bringing clean-coal technology to
the point of commercialization.  In 1984, the clean-coal experiment began in
response to the U.S./Canadian transboundary problem of acid rain.  In March
of 1987, President Reagan agreed to a new $5 billion public-private
initiative to make clean-coal technologies a reality.  The program led to 40
projects in 18 states, including co-funding demonstration projects such as
the PSI/Destec and TECO facilities.  In the mid-1980s the only options for
reducing NOx pollution cost $3,000 per ton; today's low NOx burners have
reduced this cost to under $200/ton.  These low NOx burners have also reduced
emission levels from 700 parts per million (ppm) in the early 1970s to 100
ppm today.  Furthermore, the Selective Catalytic Reduction (SCR) process
reduces more than 80% of the NOx contained in coal combustion gas. The DOE
reports that 75 percent of all coal-fired capacity in this country is now
outfitted with low-NOx burners.  Similarly, the cost for scrubbing
technology, which removes sulfur pollutants, has been reduced 75 percent
since the 1970s.

The improvement of power generation efficiency will be one of the most
important technical issues for coal power plants because of its high carbon
content.  The latest commercial plant has achieved a thermal efficiency of 43
percent by increasing steam temperature and pressure.  Even with these
improved efficiencies, the coal power plant of the future may still be unable
to achieve the substantial greenhouse gas reductions that could be necessary
to address global climate change concerns.  There are other existing
environmental regulations that may also limit the adoption of new coal
generation.  The SIP Call rule requires 22 Eastern states and the District of
Columbia to reduce NOx emission by a specified amount by May 2003, with much
of the reductions expected to come from coal-fired power plants.  In 1997,
the National Ambient Air Quality Standards for particulate matter and ozone
were adopted with an anticipated compliance cost for full attainment
estimated at $37 billion per year (particulate) and $10 billion per year
(ozone) respectively.  The Supreme Court is reviewing these EPA rules, and
recently supported the EPA's right to regulate these emissions [see 3/1/01
IssueAlert at www.ConsultRCI.com].  These rules are significant since they
will lead to additional NOx and SO2 emission reductions, the two precursors
to fine airborne particles.  Mercury reductions are also being contemplated.
In November 1999 the EPA filed lawsuits against seven utility companies for
Clean Air Act violations.  In a settlement with TECO, TECO agreed to cut NOx
and SO2 emissions by 85 percent by 2010 and pay a $3.5 million civil
penalty.

But in the end, the nation will likely turn to coal to help meet its growing
energy demands.  Great strides have been made to reduce the environmental
impact of this abundant fuel source.  Since 1970, the use of coal has more
than doubled while emissions of sulfur and nitrogen pollutants have declined
by 70 percent and 40 percent, respectively.  If we can continue to achieve
even greater emission reductions, coal may well help provide the energy
bridge to the future.

An archive list of previous IssueAlerts is available at
www.ConsultRCI.com

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The Payment status has changed on the following report:

Status last changed by:  System
Expense Report Name: Group Outing
Report Total: $410.95
Amount Due Employee: $410.95
Amount Approved: $410.95
Amount Paid: $410.95
Approval Status: Approved
Payment Status: Paid

To review this expense report, click on the following link for Concur Expense.
http://expensexms.enron.com


Sally / Brent

FYI - no action required

This note and an earlier email ( forwarded separately ) highlights issues
around some transactions originated within Metals that arose due to
'misunderstanding' of limits - which was work in progress for Andrew
Cornfield ( Risk ), Lloyd Fleming ( RAC ) and Shane Dallman ( FX desk  -
reporting to Gary Hickerson ) working with the Metal Commercial MDs on the
subject of an exemption from Corp policy for IR and FX hedging.

It is pleasing that people in the control environment picked up the issues on
a timely basis but disappointing that a firm conclusion between the
Commerical groups on 'delegated' limits took longer than anticipated.

If you need any detail please call

Mike

---------------------- Forwarded by Mike Jordan/LON/ECT on 23/11/2000 12:28
---------------------------

	From:  Lloyd Fleming                           23/11/2000 11:58

To: Rick Buy/HOU/ECT@ECT, Michael R Brown/LON/ECT@ECT, Michael J
Hutchinson/EU/Enron@Enron
cc: Ted Murphy, David Port, Gary Hickerson/HOU/ECT@ECT, Mike
Jordan/LON/ECT@ECT, Andrew Cornfield/LON/ECT@ECT, Tim R Jones/EU/Enron@Enron,
Shane Dallmann/LON/ECT@ECT, Robert Soeldner/LON/ECT@ECT

Subject: Enron Metals FX status

The following issues have been resolved today following discussions with
Metals Commercial, Risk Management and RAC:

5m Euro prop trade:  It has been agreed that this will be closed out
immediately.  Metals traders will be advised that FX exposure may only be
generated as part of a hedge position to an underlying metal trade, and that
any FX exposure must be laid off via Roger  Murray-Evans (Metals FX trader)
and the Global Markets desk.

Averaging trades (FX and Bullion): Change method of booking trades so that
the averaging leg of all trades is booked as it arises (i.e. daily) and the
resulting FX exposure is captured daily and laid off with Global Markets as
part of the metals aggregation.

A number of other matters, which have been under discussion for some time,
were also agreed:-

Euro / Ali option:  Currently operates under a $30m FX limit and is managed
by Tim Jones.  It has been agreed that this limit will be reduced to $20m
(EMRAC to approve) and be a part of Gary Hickerson's limit.  As the options
expire, the limit will be progressively reduced.  The limit applies only to
this transaction and does not cover any other FX dealing by Enron Metals.
Any subsequent transactions of this nature will be covered under separately
proposed limits.

Overnight exposure: Enron Metals to apply for a small overnight limit to
cover trades booked after the end of day cut-off.   $2m total net open
position has been proposed, to be agreed with Gary Hickerson and form part of
his limits.

FX position management:  FX exposure generated through the day to be
aggregated and passed to the Global Markets desk.

regards

Lloyd Fleming
RAC Market Risk Management
Ph: + 44 20 7783 4532
Mobile: + 44 7760 17 87 42


Eric

I do NOT want to announce this when it happens.  We have been quietly
avoiding how much activity we have done so far and many people assume that we
already have done many...an assumption that helps us.  So please do NOT issue
this.

Eric Thode@ENRON
12/04/2000 04:19 PM
To: Jeffrey McMahon/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT, Tim
Battaglia/NA/Enron@Enron, Greg Hermans/Corp/Enron@Enron, Mark
Frevert/NA/Enron@Enron, Greg Whalley/HOU/ECT@ECT
cc:
Subject: DRAFT PRESS RELEASE: Enron Announces First Financial Swaps Products
for Steel Industry

Attached is a draft press release for the steel group.  Please review and
provide any comments to me by Wednesday, December 6 at noon.  Upon approval
by EIM/EWS, I will route to corporate PR and corporate IR for final
approvals.  If you have any questions or comments, please call me at ext.
3-9053.

Eric


Amanda day.....
--------------------------
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)


Gerald,

Sorry I made a mistake, the ground lease will end January 31, 2009 (not 2008
as in my previous e-mail).

 -----Original Message-----
From:  Nemec, Gerald
Sent: Tuesday, May 22, 2001 8:42 PM
To: Kroll, Heather
Cc: Marshall, David
Subject: Revised Coal and Ash Agreements

Heather,  Attached are the clean and redlined drafts of the revised Coal and
Ash Agreements per your notes and phone mail.  Please review.   By copy of
this email I am asking David to review the insurance section in both
agreements for adequacy.

David - The attached are the forms of Coal Hauling and Ash Handling agreement
that we would use to contract with Reuse Technology for both the Lumberton
Power LLC and Elizabethtown Power LLC.  Please provide comments.

 << File: Coal Hauling2.DOC >>  << File: Coal Hauling2(red).DOC >>  << File:
Ash Hauling3.DOC >>  << File: Ash Hauling3(red).DOC >>


I am out of the office today.  I will not be available to check e-mail until Sunday, Oct. 28.


Hello, we typically trade in Megawatts not kilowatts.  I am not sure of the
standard for Megawatts or kilowatts.  I have asked a few people around my and
they don't know either.  Sorry I have not been helpful.  If I find out the
answer I will let you know.

Thanks,
Melissa

From: Tana Jones on 08/29/2000 01:32 PM
To: Melissa Ann Murphy/HOU/ECT@ECT
cc:
Subject: Rounding Convention

Melissa,

We've got a counterparty with a draft of a master where the counterparty has
the rounding conventing for kilowatts at 6 decimal points.  Is that our
standard convention?  Thanks for your help!

P.S.  I have passed your request for a copy of that assignment to my
assistant Taffy Milligan.  She can get you copies of any documents in the
future.


It appears that the following interview schedule may work.  Please advise
ASAP if you have a conflict.

 Wed, April 19,  2000 in EB38c1.
 2:30 p.m.  Sr. Legal Specialists (S. Bailey, S. Flynn, T. Jones)
 3:15 p.m. Carol St. Clair
 3:45 p.m. Sara Shackleton

tm

P.S.   Tana & Susan B., I updated your calendars.


fine


Regarding the Penalty language for Seller's non-performance (not following
through with the posting process on the EBBs), I have talked with the Desk
Directors who will be supporting this product, and we believe the language
should reflect that the Seller would pay the Gas Daily daily spread between
the Receipt and Delivery Point locations, plus $.02 (not $.15)--with payment
only if that spread is positive---meaning there should be no instance where
the Buyer has to pay the Seller if Seller defaults but the spread is inverted.

Please call me (x35514) if you have any questions about this.