Start Date: 4/4/01; HourAhead hour: 10;  HourAhead schedule download failed.
Manual intervention required.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001040410.txt
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: Crawler lifetime exceeded.
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
!!!An error occurred while attempting to initialize the Borland Database
Engine (error $2A04)
Error: dbCaps97Data: Cannot perform this operation on a closed database


Dear all,

I followed up on the suggestions at the conference call as follows:-

1) USE LESS DATA

Unfortunately, kicking out only 1990 makes the overall equation a lot less
robust, in fact dramatically so, and so eliminates the possibility of using
less data.  The model tested was the RPI(month+15) & Deviations from
long-term average for Brent Crude.  The r-squared and F-statistic collapsed
by eliminating the first 12 months of data.

2) DEVIATIONS IN CRUDE VARIABLE

Shifting the crude explanatory variable backwards and forward by 3 and 6
months did not alter the model goodness-of-fit parameters dramatically and so
my suggestion is that we stick with the following model:

PLLU[t] = a.RPI[t] + b.RPI[t+15] + c.BrentCrudeDeviations[t] + Constant

3) TESTING MODEL WITH SINE WAVE

To gauge the response of the model to wildly-varying RPI forward curve, a
sine wave of period 3 years for RPI was input into the PPI model.  The result
was as expected; PPI pre-empts the moves in RPI by about 8 months.  The
magnitude of the oscillations is also reduced.  This shows that if we had
more detail in our RPI forward curve, then the PPI model would reflect those
peaks and humps adequately.

CONCLUSION

I therefore propose that we use the model that incorporates RPI, RPI[t+15]
and deviations of Brent Crude from long-term average.  The new model is
plotted below in burgundy and can be compared to the old PPI which is
depicted in blue.

The new model achieves the two main objectives of the PPI curve: it is
significantly more robust and stable than the existing one, and it is
considerably less sensitive to the input coefficients, which results in us
having more confidence in our monthly P&L.

Please note that all this analysis only applies to PLLU, and that a separate
study will be needed for the DZCV PPI index.

Regards,

Anjam
x35383

---------------------- Forwarded by Anjam Ahmad/LON/ECT on 09/03/2000 16:52
---------------------------

Anjam Ahmad
08/03/2000 14:03
To: Martina Angelova/LON/ECT@ECT, Harry Arora/HOU/ECT@ECT, Maureen
Raymond/HOU/ECT@ECT, Zimin Lu/HOU/ECT@ECT, Farouk Lalji/HOU/ECT@ECT
cc: Trena McFarland/LON/ECT@ECT, Dale Surbey/LON/ECT@ECT, Stinson
Gibner/HOU/ECT@ECT, Vince J Kaminski/HOU/ECT@ECT, Leandro
Ibasco/Corp/Enron@Enron

Subject: Update on PPI Model for Inflation Book

Dear all,

We thought it might be useful to incorporate Brent crude as an explanatory
variable for PPI; it was found that deviations of Dated Brent Crude from the
long-term average of $18.80 was the best form of the variable to use (for
predictions the Brent forward curve produced by the Global Products Group is
used).  The three new equations developed were:-

PLLU(t) = a.RPI(t) + b.RPI(t+N) + c.(DatedBrentCrude - 18.8) + constant,
where N is 14,15 or 16
[REDDISH CURVES]
r-squared approx 0.49
F-stat approx 32

The chart below shows what our projected PLLU curve would be given this
equation, and also the three best relations from before which were based upon
current and future RPI:

PLLU(t) = a.RPI(t) + b.RPI(t+N) + constant, where N is 14,15 or 16
[GREENISH CURVES]
r-squared approx 0.47
F-stat approx 45

COMPARISON OF MODELS
As you can see, the two equations differ in the very short-term and very
long-term; the inclusion of deviations of Brent Crude leads to short-term
predictions of 3.0% to 3.2% over the next six months.  The greenish curves
predict PLLU in the range of 2.5% to 2.8% over the next six months.

The curves are then very similar until 2009, when the models including crude
break-away to the upside, relative to the falling RPI curve.  The model based
purely on RPI hugs the RPI curve much more closely in the longer term.  This
is only important to the extent that we have large positions beyond 2009
(which we don't).

SUGGESTION
What could be useful now is a differently-specified model designed to
forecast only the next 3 months, using auto-regressive or auto-regressive
error terms.  This model would be far more accurate in the near-term, and we
could include this information onto the front of this long-term model.  This
may be useful, despite the fact that most of our exposure is in future time
buckets.

BACK-TESTING

All the models give similar visual and statistical performance over the data
sample used (based mainly on 1990s "new paradigm" economy).

Hopefully we can discuss these and other points later in the tele-conference;
your ideas on this would be appreciated.

Regards,

Anjam
x35383


Imelda,

The following people (HPL Logistics) need access to view all Texas Desk
positions/portfolios in Sitara Position Manager and Deal Ticker:

Mandey MacKinnon
George Grant
Aimee Lannou
Tom Acton
Jackie Young
Stella Morris
Susan Trevino
Kim Vaughn
Charlotte Hawkins
Robert Lloyd
Pat Clynes

Please update their security to allow for this.  Let me know if you have any
questions.

Thanks.

Daren


My number is 503-807-8959.

 -----Original Message-----
From: 	Weil, Timothy
Sent:	Monday, August 27, 2001 10:55 AM
To:	Stokley, Chris
Subject:	Load Zone

Chris,

Do you have any input regarding the question below?

Thanks,
Tim

---------------------- Forwarded by Timothy Weil/HOU/EES on 08/27/2001 10:54 AM ---------------------------

Jay Bhatty
08/27/2001 10:35 AM

To:	Timothy Weil/HOU/EES@EES
cc:
Subject:	Re:   << OLE Object: StdOleLink >>

Tim,
Chris Stokley would be able to better answer this question. That's a field EPMI needs, not Operations....so please call him.
Lemme me know if I can help in any other way.

Timothy Weil

08/24/2001 11:45 AM

To:	Jay Bhatty/HOU/EES@EES, Richard Miller/HOU/EES@EES
cc:
Subject:

What does "load zone" mean in the CA meter install list spreadsheet?

Thanks,

Tim

<Embedded Picture (Metafile)>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>
<Embedded Picture (Device Independent Bitmap)>


---------------------- Forwarded by Mary Hain/HOU/ECT on 08/17/2000 02:15 PM
---------------------------

James D Steffes@EES
08/17/2000 01:04 PM
To: Mary Hain/HOU/ECT@ECT
cc: Christi L Nicolay/HOU/ECT@ECT
Subject: Enron's transmission/power exchange model for discussion

Mary --

Please send out the same information to Western traders.  We would like
everyone to continue to consider the "shortcomings" of this model.

Christi, please make sure that Mary is kept in the loop on this and Project
e-trans as much as possible.

Thanks.

Jim

---------------------- Forwarded by James D Steffes/HOU/EES on 08/17/2000
03:02 PM ---------------------------
From: Christi L Nicolay@ECT on 08/17/2000 02:33 PM
To: Kevin M Presto/HOU/ECT@ECT, Lloyd Will/HOU/ECT@ECT, Edward D
Baughman/HOU/ECT@ECT, Terri Clynes/HOU/ECT@ECT, Dave
Mangskau/Corp/Enron@Enron, Doug Sewell/HOU/ECT@ECT, Oscar Dalton/HOU/ECT@ECT,
Zachary Sampson/NA/Enron@ENRON, Mike Curry/HOU/ECT@ECT, David
Fairley/HOU/ECT@ECT, Steve Walton/HOU/ECT@ECT, Richard Ingersoll/HOU/ECT@ECT,
Jeff Brown/HOU/EES@EES, Dan Staines/HOU/ECT@ECT, Tom
Delaney/Corp/Enron@Enron, Joe Hartsoe/Corp/Enron@Enron, Sarah
Novosel/Corp/Enron@Enron, James D Steffes/HOU/EES@EES, Charles
Yeung/HOU/ECT@ECT, Ron McNamara/NA/Enron@Enron, Robin Kittel/HOU/EES@EES,
Janine Migden/DUB/EES@EES, Kerry Stroup/DUB/EES@EES, Steve
Montovano/DUB/EES@EES, wibbie@compuserve.com., Tom May/Corp/Enron@Enron,
Rogers Herndon/HOU/ECT@ect, John Zufferli/HOU/ECT@ECT, Jeff
King/Corp/Enron@Enron, Mitch Robinson/Corp/Enron@Enron, tabors@tca-us.com,
dwatkiss@bracepatt.com, sbuchheit@bracepatt.com, Mark Dana Davis/HOU/ECT@ECT,
Richard Shapiro/HOU/EES@EES, Steven J Kean/HOU/EES@EES, Howard
Fromer/HOU/EES@EES, Daniel Allegretti/HOU/EES@EES, Tom Hoatson/HOU/EES@EES,
John D Suarez/HOU/ECT@ECT, Paul J Broderick/HOU/ECT@ECT, Robert
Frank/HOU/EES@EES, Harry Kingerski/HOU/EES@EES, Robert
Stalford/NA/Enron@Enron, Bill Rust/HOU/ECT@ECT, Tom Dutta/HOU/ECT@ECT,
Patrick Hanse/HOU/ECT@ECT, Corry Bentley/HOU/ECT@ECT, Robert
Benson/Corp/Enron@ENRON, John Berger/HOU/ECT@ECT, Mike
Carson/Corp/Enron@Enron, Doug Gilbert-Smith/Corp/Enron@ENRON, Clint
Dean/Corp/Enron@Enron, John Llodra/Corp/Enron@ENRON, George
Wood/Corp/Enron@Enron, Janelle Scheuer/HOU/ECT@ECT, Kyle Schultz/HOU/ECT@ECT,
Ashton Soniat/Corp/Enron@ENRON, Larry Valderrama/HOU/ECT@ECT, Greg
Woulfe/HOU/ECT@ECT, Alonzo Williams/HOU/ECT@ECT
cc:
Subject: Enron's transmission/power exchange model for discussion

Attached for comments/discussion is the gov't affairs' draft proposal for an
Enron model for RTOs.  This includes the flowgate transmission rights model.
We are also working on a new open access tariff based on this model.  RTO
proposals are due to FERC 10/15.   Thanks.


Hey Ben,

How is life in Texas?  Have you met that guy Rob McDonald I know from DC?
He is good friends with my cousin Eddy Quinn.  Life has gotten rather boring
out here. We have a ton of work to do and work long hours with no days off.
This work style in the beginning made time fly but recently the monotony of
the routine has gotten mundane.  We all live for port calls and push the
envelope of ethical billing while in port.  I have been shot down by every
school I applied for.  How about you?  They can all blow me as I would
probably outperform all of those faggots with high GMATs.  That has been my
achilles heel.  Right now I am focused on the summer and getting off this
ship.

I hope I get in the marathon because I have been training for so long.
There is nothing else to do except that in my free time.  If I don't have a
goal to shoot for then I could never keep up this training on land.  The
summer will be the hardest because I am going to want to travel and visit
people when I get back.  Any plans to be in NY this summer?

I have been messing around with stocks too.  I have made only a little since
the tech crash.  I stay away from those Internet companies so I didn't get
killed.  See you in the summer.

CHOB


I think that this is what I said:

You better be in a great mood today!  It's turkey eve, it's cold outside and perfect weather for hot chocolate!  Then I started to sing you some song, but I can't remember which one.  It was a christmas song.  and I told you that you were missing out because you have ever heard me sing.  it was dumb, but funny at the time.


fyi

---------------------- Forwarded by Scott Neal/HOU/ECT on 06/30/2000 01:40 PM
---------------------------

	From:  Becky Young @ ENRON                           06/30/2000 01:06 PM

To: Steve Venturatos/HOU/ECT@ECT, Janet H Wallis/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Edward
D Gottlob/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT,
Elsa Villarreal/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT,
Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Keith
Holst/HOU/ECT@ect, Jane M Tholt/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Steven
P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori
Kuykendall/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Matthew
Lenhart/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT,
Tricia Bowen/HOU/ECT@ECT, Joe A Casas/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT,
Judy Townsend/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT,
Maureen Smith/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT,
Scott Neal/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Brad
McKay/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT,
Sandra F Brawner/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT,
Craig Breslau/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Josephine Lin/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT,
George N Gilbert/HOU/ECT@ECT, Ross Prevatt/HOU/ECT@ECT, Sabra L
Dinari/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Farzad
Farhangnia/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Charles T
Muzzy/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Eva Pao/HOU/ECT@ECT, Fletcher
J Sturm/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT,
Andrew H Lewis/HOU/ECT@ECT, Maria Garza/HOU/ECT@ECT, Kevin
Ruscitti/HOU/ECT@ECT, Jason Williams/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT,
Kelli Stevens/HOU/ECT@ECT, Ed Smith/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, Margie
Straight/HOU/ECT@ECT, Reyna Cabrera/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT,
Barry Steinhart/Corp/Enron@Enron, Danny Conner/NA/Enron@Enron, Jim
Schwieger/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT, Todd
Richardson/Corp/Enron@Enron, Steve Gillespie/Corp/Enron@ENRON, Scott
Goodell/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Mike
Maggi/Corp/Enron@Enron, Mark Smith/Corp/Enron@Enron, Bill
Berkeland/Corp/Enron@Enron, Caroline Abramo/Corp/Enron@Enron, Chris
Gaskill/Corp/Enron@Enron, Troy Black/Corp/Enron@ENRON, Nelson
Ferries/Corp/Enron@ENRON, Scott Loving/NA/Enron@ENRON, Joe
Parks/Corp/Enron@ENRON, Russell Dyk/Corp/Enron@ENRON, John
Grass/Corp/Enron@ENRON, Darren Espey/Corp/Enron@ENRON, Elizabeth
Shim/Corp/Enron@ENRON, Wes Dempsey/NA/Enron@Enron, Cora
Pendergrass/Corp/Enron@ENRON, Barry Steinhart/Corp/Enron@Enron
cc: Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Kimberly
Brown/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT
Subject: PIRA Natural Gas Briefing

Due to scheduling conflicts, this briefing will be rescheduled at a later
date.  Sorry for any inconvenience this might have caused.
---------------------- Forwarded by Becky Young/NA/Enron on 06/30/2000 01:01
PM ---------------------------

	Enron North America Corp.

	From:  Becky Young                           06/30/2000 12:41 PM

To: Steve Venturatos/HOU/ECT@ECT, Janet H Wallis/HOU/ECT@ECT, Brenda F
Herod/HOU/ECT@ECT, Gary W Lamphier/HOU/ECT@ECT, Eric Bass/HOU/ECT@ECT, Edward
D Gottlob/HOU/ECT@ECT, Lauri A Allen/HOU/ECT@ECT, Daren J Farmer/HOU/ECT@ECT,
Elsa Villarreal/HOU/ECT@ECT, Carey M Metz/HOU/ECT@ECT, Thomas A
Martin/HOU/ECT@ECT, Greg McClendon/HOU/ECT@ECT, Stacey Neuweiler/HOU/ECT@ECT,
Mike Grigsby/HOU/ECT@ECT, Phillip K Allen/HOU/ECT@ECT, Keith
Holst/HOU/ECT@ect, Jane M Tholt/HOU/ECT@ECT, Jane M Tholt/HOU/ECT@ECT, Steven
P South/HOU/ECT@ECT, Frank Ermis/HOU/ECT@ECT, Randall L Gay/HOU/ECT@ECT, Tori
Kuykendall/HOU/ECT@ECT, Paul T Lucci/DEN/ECT@Enron, Matthew
Lenhart/HOU/ECT@ECT, Kimberly S Olinger/HOU/ECT@ECT, Kenneth
Shulklapper/HOU/ECT@ECT, Jay Reitmeyer/HOU/ECT@ECT, Beverly
Beaty/HOU/ECT@ECT, Victor Lamadrid/HOU/ECT@ECT, Edward Terry/HOU/ECT@ECT,
Tricia Bowen/HOU/ECT@ECT, Joe A Casas/HOU/ECT@ECT, Chris Germany/HOU/ECT@ECT,
Judy Townsend/HOU/ECT@ECT, Dan Junek/HOU/ECT@ECT, Jared Kaiser/HOU/ECT@ECT,
Maureen Smith/HOU/ECT@ECT, Robin Barbe/HOU/ECT@ECT, Dick Jenkins/HOU/ECT@ECT,
Scott Neal/HOU/ECT@ECT, Susan W Pereira/HOU/ECT@ECT, Scott
Hendrickson/HOU/ECT@ECT, Sarah Mulholland/HOU/ECT@ECT, Brad
McKay/HOU/ECT@ECT, Kate Fraser/HOU/ECT@ECT, Jennifer Fraser/HOU/ECT@ECT,
Sandra F Brawner/HOU/ECT@ECT, Brian Hoskins/HOU/ECT@ECT, Peter F
Keavey/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT,
Craig Breslau/HOU/ECT@ECT, Jennifer Shipos/HOU/ECT@ECT, Susan
Wood/HOU/ECT@ECT, Josephine Lin/HOU/ECT@ECT, Fred Lagrasta/HOU/ECT@ECT,
George N Gilbert/HOU/ECT@ECT, Ross Prevatt/HOU/ECT@ECT, Sabra L
Dinari/HOU/ECT@ECT, Colleen Sullivan/HOU/ECT@ECT, Farzad
Farhangnia/HOU/ECT@ECT, Sylvia S Pollan/HOU/ECT@ECT, Charles T
Muzzy/HOU/ECT@ECT, Theresa Branney/HOU/ECT@ECT, Eva Pao/HOU/ECT@ECT, Fletcher
J Sturm/HOU/ECT@ECT, Hunter S Shively/HOU/ECT@ECT, Geoff Storey/HOU/ECT@ECT,
Andrew H Lewis/HOU/ECT@ECT, Maria Garza/HOU/ECT@ECT, Kevin
Ruscitti/HOU/ECT@ECT, Jason Williams/HOU/ECT@ECT, Martin Cuilla/HOU/ECT@ECT,
Kelli Stevens/HOU/ECT@ECT, Ed Smith/HOU/ECT@ECT, Tom Donohoe/HOU/ECT@ECT,
George Smith/HOU/ECT@ECT, Lisa Kinsey/HOU/ECT@ECT, Margie
Straight/HOU/ECT@ECT, Reyna Cabrera/HOU/ECT@ECT, Lucy Ortiz/HOU/ECT@ECT,
Barry Steinhart/Corp/Enron@Enron, Danny Conner/NA/Enron@Enron, Jim
Schwieger/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT, Todd
Richardson/Corp/Enron@Enron, Steve Gillespie/Corp/Enron@ENRON, Scott
Goodell/Corp/Enron@ENRON, Larry May/Corp/Enron@Enron, Mike
Maggi/Corp/Enron@Enron, Mark Smith/Corp/Enron@Enron, Bill
Berkeland/Corp/Enron@Enron, Caroline Abramo/Corp/Enron@Enron, Chris
Gaskill/Corp/Enron@Enron, Troy Black/Corp/Enron@ENRON, Nelson
Ferries/Corp/Enron@ENRON, Scott Loving/NA/Enron@ENRON, Joe
Parks/Corp/Enron@ENRON, Russell Dyk/Corp/Enron@ENRON, John
Grass/Corp/Enron@ENRON, Darren Espey/Corp/Enron@ENRON, Elizabeth
Shim/Corp/Enron@ENRON, Wes Dempsey/NA/Enron@Enron, Cora
Pendergrass/Corp/Enron@ENRON, Barry Steinhart/Corp/Enron@Enron
cc: Ina Rangel/HOU/ECT@ECT, Airam Arteaga/HOU/ECT@ECT, Kimberly
Brown/HOU/ECT@ECT, Barbara Lewis/HOU/ECT@ECT

Subject: PIRA Natural Gas Briefing

PIRA representative, Greg Shuttlesworth will be at Enron on Thursday, July 27
from 3:00pm - 4:30 pm in EB30C1 to give a natural gas briefing.  This
briefing is included in the current consultant relationship between PIRA and
ENA.  Please respond to me if you plan to be in attendance for this
briefing.

Thanks,
Becky Young
x30622


FYI.... let's get more clarification when we talk to her about the Ft. Pierce
model results.

Eric

---------------------- Forwarded by Eric Boyt/Corp/Enron on 02/27/2001 09:15
AM ---------------------------

	From:  Edith Cross @ ECT                           02/27/2001 08:26 AM

To: Eric Boyt/Corp/Enron@ENRON
cc:

Subject: Re: ICAP?

ICAP is installed capacity.  You sometimes hear it referred to as RegCap
(regulatory capacity).  In some of the northern markets you must demonstrate
that you have enough capacity (ICAP) to cover your max peak.  This capacity
doesn't necessarily have to be used to serve your load  (This is the most
confusing part).  If you owned a plant, you could sell the ICAP and energy
off that plant to two different counterparties.  What Kevin's is pointing out
that the FL RTO will require ICAP, therefore, if we owned steel in the
ground, we would receive the benefit of being able to sell the capacity AND
the energy.

Not all of the markets require ICAP, therefore, it is good to clarify what
people mean when they use the word capacity.  In some markets, the capacity
price is imbedded in the energy price.  Capacity is a very loosely used term
in the electricity industry.    I am sure this is clear as mud.  It's kind of
hard explain in an e-mail.  Let me know if you have any other questions.

Edith

Eric Boyt@ENRON
02/26/2001 03:52 PM
To: Edith Cross/HOU/ECT@ECT
cc:
Subject: ICAP?

Can you explain ICAP (and why we would get paid for it) to a dumb gas guy?  I
have heard it several times and read it in the Ft. Pierce e-mail.

Eric


Attached is a draft of the Advice Letter Protest pertaining to SCE's
proposed replacement of Schedule PX with Schedule PE.

I did not include an argument about the direct access credit reflecting
market prices.  I understand there is still some internal debate.

 <<X23803.DOC>>

Jeanne

 - X23803.DOC


Hello Jeff:

I am back from my Asia trip and will be leaving for Brazil tomorrow. I would
like to contact Joe Kaischkill in anticipation of my trip to schedule time
with him. Could I get a contact # or email to intitiate contact?

Thanks for your help once again.
Best regards,
Joe Alcantara


CALENDAR ENTRY:	APPOINTMENT

Description:
	Regulatory Roundtable Mtg. Conference room EB49C2 Joe Hartsoe/phone conference

Date:		6/4/2001
Time:		1:30 PM - 2:30 PM (Central Standard Time)

Chairperson:	Outlook Migration Team

Detailed Description:


Sounds good.  Let me know if you need anything else.

	Brian Redmond/ENRON@enronXgate
	05/31/2001 08:22 AM

		 To: Gerald Nemec/HOU/ECT@ECT
		 cc:
		 Subject: RE: Bridgeline Response

Gerald,

I have revised the letter slightly to address it to Randy Curry and will send
it out from here.

Thanks for the effort.

Brian

 -----Original Message-----
From:  Nemec, Gerald
Sent: Wednesday, May 30, 2001 7:30 PM
To: Redmond, Brian
Cc: Belflower, Rusty; Gray, Barbara; Cocavessis, Nick; Owen, David
Subject: Bridgeline Response

Brian,  Attached is our response to Bridgeline's issue list (revised based on
our meeting) with a short cover letter.  I addressed the cover letter from
you to Robert Morgan.  If that is not correct let me know.  I am sending a
hard copy of these docs for your signature.  Let me know if you have any
questions.

 << File: Enron Response1.doc >>  << File: Bridgeline Cover Letter.doc >>


I received the email.

Thanks,

kevin


In response to your email, yes, our confidentiality language was so limited
that it did not allow us to provide the agreement to affiliates of either
party without consent.  We revised the form about 9 months ago to broaden the
langage to include affiliates, but Duke is an old master so they need our
consent so they can provide it to their affiliate.  Unless Federico has any
reason not to waive the language, I think we can go ahead & draft a waiver up
here and send it to Duke.  Can you talk to Federico asap and run that by him
and let me know so I can get this over to Duke.  Thanks!


Looks like your stuff.
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/04/2001 08:58
AM ---------------------------

"Thompson, Peter J." <peterthompson@akllp.com> on 01/04/2001 08:13:18 AM
To: "Kay Mann (E-mail)" <kay.mann@enron.com>
cc: "Pipitone, Paul" <paulpipitone@akllp.com>, "Cobb, Chris"
<chriscobb@akllp.com>

Subject: Fountain Valley/GE Facility Agreement and Exhibits

Attached please find the Fountain Valley/GE Facility Agreement and
Exhibits, as well as blacklines (the first two documents) showing
changes from the form documents.

To complete each, we will need:

1. The contact information for Sections 6.7.2, 25.1 and 25.3 of the
Agreement.

2. Please have the business team confirm the Purchase Amount and
the Guaranteed Delivery Dates.  The information that I pulled off of the
spreadsheet that you provided (which is the information incorporated in
the Agreement) is inconsistent with the information that Alan Larsen
provided.

3. Do we want to use the Exhibit B-1 (Specification) from the
original West LB Agreement for this deal?

4. Do we need Exhibit R (Schedule of Witness Test Points)?

5.  Exhibit H will be attached prior to execution.
 <<E-Next Generation Agt - Comparison of Form to Current.DOC>>
<<Fountain Valley Exhibits - Comparison of Form to Current.DOC>>
<<Fountain Valley Turbine Agreement.DOC>>  <<Fountain Valley/E Next
Generation Exhibits.DOC>>
 - E-Next Generation Agt - Comparison of Form to Current.DOC
 - Fountain Valley Exhibits - Comparison of Form to Current.DOC
 - Fountain Valley Turbine Agreement.DOC
 - E Next Generation Exhibits.DOC


These are the only letters I have received thus far and they were forwarded
without a note.  The ENA contracts would be handled by Connie Sutton's group.

Jackie

Dan J Hyvl
06/13/2000 01:05 PM
To: Jackie Morgan/HOU/ECT@ECT
cc: Mark D Thorne/HOU/ECT@ECT, Gerald Nemec/HOU/ECT@ECT
Subject: Re: Entex Gas Marketing contracts

Jackie,
 These are all transport agreements.  As such Gerald Nemec should be the
person to review the assignment letters.  Did we get anything whereby Entex
Gas Marketing inc assigned its master agreements spot and firm with Enron
North America Corp. to the new Entex entity?

	Jackie Morgan
	06/13/2000 12:27 PM

		 To: Mark D Thorne/HOU/ECT@ECT
		 cc: Dan J Hyvl/HOU/ECT@ECT
		 Subject: Entex Gas Marketing contracts

Please check out the following contracts and forward to Dan Hyvl.  The
counterparty has sent letters requesting an assignment to its affiliate,
Entex Gas Resources Corp.

HPL / Entex  012-27106-02-001 / 96006765
HPL / Entex  012-27106-02-002 / 96008278
HPL / Entex  012-27106-02-004 / 96006754
HPL / Entex  012-27106-02-010 / 96020310

Dan, the letters have been routed to your attention.

Thanks to both of you.

Jackie


Thanks!

 -----Original Message-----
From: 	Nemec, Gerald
Sent:	Friday, June 29, 2001 11:04 AM
To:	Richardson, Stacey
Subject:	RE: New Committed Reserves/First Purchaser GTC

Sorry about the delay.  I had to figure out where the IT guy's had moved all this stuff when Shawna departed.  Let me know if you have questions.

 << File: enaupstreamconfirm.doc >>  << File: enaupstreamGTC.doc >>

 -----Original Message-----
From: 	Richardson, Stacey
Sent:	Friday, June 29, 2001 10:46 AM
To:	Nemec, Gerald
Subject:	New Committed Reserves/First Purchaser GTC

Hi Gerald,

I didn't get a copy of the new Committed Reserves/First Purchaser GTC from you last night.  I didn't know you if you forgot or if there was a problem with the email, so I thought I'd ask again.

Please let me know if you have any questions.  I appreciate your help.

SBR x30569


You have signed the last beam....
 Now  watch it rise.

Enron employees are invited to celebrate the
 Topping-Out of Enron Center South
 this afternoon at Antioch Park
3:45 pm - 4:30 pm.

In celebration of Arbor Day, tree saplings will be
handed out to all participants.

In the event of rain, the Topping-Out Celebration will air on IPTV Wednesday and
the tree saplings will be distributed in the plaza today at 4:00 pm


I've got my financing covered.  Cash and Enron.  However I did enjoy the e-mail.

Regards

Lavo


I'm fine with Randy's suggestion.  Let me know about you and I'll e-mail
Randy back.  I am still planning our Friday morning call (it should be short)
because I want your input on "tracking projects".  Brent will participate and
I haven't heard from anyone else.  Sara
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 10/13/99 08:54
AM ---------------------------

Randy Young@ENRON_DEVELOPMENT
10/13/99 06:59 AM
To: Sara Shackleton@ENRON_DEVELOPMENT
cc: Brent Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert H
George/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
Subject: Re: S. Cone Trading Issues-Request

Sara,

Given the deal pressure we expect in the last quarter of 99,especially in
origination, I am trying to eliminate as many duplicative meetings as
possible.  Instead of having Andrea Bertone attend this weekly meeting, could
you and Lynn Aven attend my legal staff meeting (along with Brent Hendry and
Rick Hopkinson, who are already scheduled to attend) each week? They are held
on Tuesdays at 10:00 am SP time. That way, we can get a direct report from
you with a synthesized summary of the issues.  If you need to consult with
Andrea, Robert or me on an offline basis, you can let us know in the meeting,
and we will arrange a separate call. I believe this would be more efficient.

Thanks, and please let me know,

Regards,
Randy

---------------------- Forwarded by Randy Young/ENRON_DEVELOPMENT on 10/13/99
09:33 AM ---------------------------

Andrea Bertone
10/13/99 08:33 AM
To: Randy Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: Re: S. Cone Trading Issues

OK. I'll do it.

Randy Young
10/12/99 02:17 PM
To: Andrea Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc:

Subject: S. Cone Trading Issues

Can you try to make this?  Hopefully, it will not take up much time.  I would
want to get a summary download of issues from you in our weekly meetings.
Thanks, ry
---------------------- Forwarded by Randy Young/ENRON_DEVELOPMENT on 10/12/99
02:17 PM ---------------------------

Sara Shackleton@ECT
10/12/99 12:09 PM
To: Lynn Aven/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Andrea
Bertone/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Brent
Hendry/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Rick
Hopkinson/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark E Taylor/HOU/ECT@ECT, Randy
Young/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT

Subject: S. Cone Trading Issues

In an effort to establish regular communication on the progress of trading
issues (primarily related legal and tax perspectives)  in the S. Cone, Lynn
and I have agreed to conference on Friday, October 15 at 9 am (Houston time)
and weekly at that time.  Would anyone else like to participate this Friday?
If you are interested in participating on a weekly basis, are Fridays at 9 am
(Houston time) convenient for you?  My immediate concerns are financial
trading issues.  However, we can focus on all relevant issues as we so
determine.  I will create a "short list" to initiate discussion.  Thanks.
Sara


FOREIGN NARCOTICS KINGPIN DESIGNATION ACT OF 1999

On June 1, 2000, the Treasury Department expanded its list of Specially
Designated Nationals and Blocked Persons under the Narcotics Trafficking
Sanctions Regulations by adding a large number of Colombian entities and
individuals designated as "SDNTKs" (Specially Designated Narcotics
Traffickers under the Kingpin Act).  The Kingpin Act blocks all property and
interests in property subject to U.S. jurisdiction, owned or controlled by
significant foreign narcotics traffickers as identified by President Clinton.

The targets of this measure are major narcotics traffickers and trafficking
organizations based in Afghanistan, Bolivia, Burma, Colombia, the Dominican
Republic, Laos, Mexico, Pakistan, the People's Republic of China, Peru,
Russia, and Thailand.

U.S. persons are prohibited from engaging in any transaction or dealing in
property or interests in property of SDNTKs and from engaging in any
transaction that evades or avoids the prohibition of the Kingpin Act.  These
prohibitions affect trade transactions as well as accounts, securities, and
other assets.

Reflecting the concern of many in Congress that current civil penalties
related to the export control and economic sanctions violations (normally,
$10,000 to $11,000) do not sufficiently deter prohibited conduct, the Act
authorizes civil penalties of up to $1,000,000.

You may obtain a copy of the following updates and Executive Order by
clicking the link below.  General information on several countries such as
Lybia, Iran, Iraq, Yugoslavia, Cuba, North Korea, Angola, etc., can also be
accessed at: http://www.ustreas.gov/ofac:

OFAC's Updated Master List, dated June 19,  2000 (the list of blocked vessels
begins on page 64)

OFAC's Changes to List of SDN dated January 1, 2000 incorporates the must
recent changes as of June 1, 2000 reflecting SDNs, Blocked Persons, and
SDNTKs.

OFAC's  Executive Order 12978 - An overview of the blocking of assets and
prohibitions against transactions with Narcotics Traffickers.

If you have any questions regarding the above, please call me or Alan
Aronowitz.

Nony Flores


Attached is the origination list from Brazil. SS
---------------------- Forwarded by Sara Shackleton/HOU/ECT on 02/28/2000
04:25 PM ---------------------------

Marcelo Rassekh@ENRON_DEVELOPMENT
02/25/2000 03:25 PM
To: Sami Arap/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Sara Shackleton@ECT
cc:
Subject: Deal update

Sami and Sara,
As i've promised, here is a draft of the report we present every week during
the Origination staff meeting. I will send you a more updated version as soon
as i get all the updates. Any doubts, fell free to contact me. Sincerely,
Marcelo Rassekh


print
---------------------- Forwarded by Jeffrey A Shankman/HOU/ECT on 01/09/2001
09:15 AM ---------------------------

	From:  George McClellan                           01/08/2001 08:14 AM

To: Mike McConnell/HOU/ECT@ECT, Jeffrey A Shankman/HOU/ECT@ECT
cc:
Subject: Vessel Freight Presentation - Banks

Please find attached a copy of the presentation Pierre Aury and Larry Lawyer
will be making to Euro banks this week.
---------------------- Forwarded by George McClellan/HOU/ECT on 01/08/2001
08:12 AM ---------------------------

	Enron Capital & Trade Resources Corp. - Europe

	From:  Pierre Aury                           01/08/2001 08:38 AM

To: George McClellan/HOU/ECT@ECT
cc:
Subject: Last call for changes (15:30 GMT)

attached is the latest version of the sale s pitch we will make between
tomorrow morning and thursday to banks . all meetings have been organised by
larry lawyer/simon crowe and the idea is to try to bring on board banks for
proprietary/intermediary trading on eol and for  hedging of lending portfolio
in shipping plus a few other bits

pierre
---------------------- Forwarded by Pierre Aury/LON/ECT on 08/01/2001 13:35
---------------------------

Tiffany Cochran
08/01/2001 12:56
To: Simon Crowe/LON/ECT@ECT, Pierre Aury/LON/ECT@ECT, Chris
Connelly/LON/ECT@ECT, Andy James/EU/Enron@Enron, Kristy
Carnes/NA/Enron@ENRON, Larry Lawyer/NA/Enron@Enron
cc:

Subject: Last call for changes (15:30 GMT)

Here is the latest version of the presentation to banks.  I have incorporated
the comments I have received so far (although I have deleted a bit on the
shipping slide on the EGM portion because it was duplicative).  Because this
needs to be printed/bound by early tomorrow morning, I would ask that all
changes to this presentation be given to me by no later than 3:30 london
time.

The final presentation will have background graphics but i have removed them
for now to enable easier emailing.

Thank you.

-Tiffany


Please find the enclosed attachment:

Regards,

Bert Meyers


Steve,

This article came out last week while I was gone and I wanted to be sure you
saw it.  Thanks, Ann

US AND CANADA: US administration faces crisis over energy policy: Whoever
gets to inhabit the White House must face up to the fact that he will have to
address problems not just in oil but in the natural gas sectors, compounded
by the cut-off of Iraqi crude oil, reports Hillary Durgin:
Financial Times, Dec 6, 2000

			The alarm in world energy markets triggered by the halt in Iraqi crude oil
exports at the weekend is the latest sign that the new administration -
whoever leads it - will have to make US energy policy a top priority.
			Even as the outcome of the presidential election has hung in the balance over
the last few weeks, energy industry officials have argued that the new
president will have to address problems not just in oil, but in the natural
gas and power sectors that reached crisis levels over the past year.
			The cut-off of Iraqi crude could have serious repercussions for the US, the
world's largest oil consumer, particularly at a time of exceptionally low
inventories in the world oil markets and shortage in spare production
capacity within the Organisation of Petroleum Exporting Countries. That
situation could easily reach crisis proportions for the US if other
circumstances, ranging from unrest among Nigerian oil workers to cold winter
weather across the country, affect supplies.
			"For the new administration, this whole event is going to raise the question
of energy security and US energy policy to the very top of the docket," said
Amy Jaffe, senior energy analyst with the James A. Baker III Institute of
Public Policy at Rice University in Houston.
			The Baker institute is working with the Council on Foreign Relations, a New
York-based think tank, to form a taskforce on US energy policy. "Whenever the
new president takes office, he is going to have to cope with whatever the
economic fallout is of this and the economic fallout is going to be huge," Ms
Jaffe predicted.
			Opec has only between 1m to 2m barrels per day of spare production capacity -
far less than it has had during previous oil crises. Put in perspective, in
the winter of 1989, colder than normal weather boosted US oil demand by 1.5m
barrels per day.
			For the first time in more than two decades, energy has become a focus of
public debate. As energy shortages and high prices stunned the public
following a long period of adequate supplies and cheap prices, these issues
became a political rallying point and figured prominently in theelections.
			"There is a direct correlation between interest in energy policy and prices,
and energy prices are high, so interest in energy policy is high," said Robin
West, chairman of the Petroleum Finance Company, a Washington DC-based energy
consultant.
			The position of energy secretary has generally been regarded as weak and has
often been occupied by someone with little knowledge of the industry. Whoever
becomes the next secretary must have a good understanding of the industry and
be able to explain the complexities of the regulatory structures and markets
to Congress, Mr West said.
			Over the past two years, power shortages and skyrocketing prices have become
more commonplace. The underlying problem, industry executives say, is the
lack of a uniform, national policy to provide competitive, open access to the
nation's electricity power grid.
			Current regulations, for example, tend to favour regional power authorities
and utilities in certain regions so that competitors have a harder time
getting power onto the grid and transmitting it. In 1998 that problem
triggered, for example, prices of Dollars 7,500 per megawatt-hour in Ohio
compared with neighbouring states where they were one-fortieth of that level.
			Another problem is the difficulty of obtaining permits to site and build
plants in certain states. In California, for example, where shortages have
become a serious problem and the state imports 25 per cent of its power on
days of peak demand, 11,000 megawatts of new power has been proposed but
can't get sited.
			"The biggest energy policy issue we have is electricity," said Steven Kean,
executive vice-president and chief of staff at Houston-based Enron, the
country's largest merchant of natural gas and power. "Natural gas is not even
close. Oil is not even close." Enron is pushing for legislation to ensure
open, competitive access on the power grid and initiatives that would enable
new power generation capacity to be developed faster and easier.
			Closely tied to the problem of power is that of natural gas, which is the
feedstock for virtually all new power generation capacity in the US. Prices,
which are now above Dollars 6 per thousand cubic feet, hit a record high this
week - three times the price of a year ago - as the energy industry has been
unable to keep pace with demand.
			Many in the industry are concerned about how the US will be able to meet
future power demands unless more gas is developed. Yet while companies are
busy drilling, they have been hard pressed to increase production.
			Companies such as UK-based BP Amoco and Calgary-based Nexen, which have gas
reserves in Alaska and Canada, are hoping that the high prices will make
development and transport of those reserves profitable, but such projects are
probably five years away.
			At the top of the energy industry's agenda in accessing more oil and gas are
efforts to reopen more federal lands to drilling. In addition, they would
like to have equal access to oil reserves overseas in places such as Iran and
Libya where sanctions prevent US companies from doing business.
			The industry knows that forging a new energy policy will not be easy. But it
realises it must push it to the top of the new administration's agenda.
			"It will be a priority," said Chuck Watson, chairman and chief executive
officer of Houston-based Dynegy, a leading energy merchant with large
holdings in the natural gas and power sectors. "It has to happen, if they
don't want Dollars 5 natural gas and Dollars 40 crude and Dollars 50 power."
			Copyright , The Financial Times Limited


The GIR meeting to discuss the proposed decision issued on November 21 is
scheduled for Monday, December 4, in Room 2A of The Gas Company Tower at 555
West Fifth Street, in Los Angeles.

The following is the Conference Line information for those who are unable to
attend in person:

??????? Dial In No. 1-877-676-6548
??????? Confirmation code 4455426 (please follow prompts)

Parking validations at the GCT building will be available and lunch is
provided.

To assist us in planning, please RSVP to Zenee Angeles via e-mail
(zangeles@sempra.com) or via phone (213/244-3831) on your attendance.

Thank you.


Please check the gd swap cheyenne positions for March.  I am confident that I
have cheyenne short positions on this month, but they are not showing up in
the intraday tab.  Please check to see if they are booked as kern/opal by
mistake.

Thank you.

Mike


looks fine.
PL


Daren:

During the period of 12/1/99 through 3/31/00 gas flowed into HPL's pipeline
at the above meter.  The gas volumes that flowed are as follows:

12/1/99 - 12/31/99                   1,457  Mmbtus
01/1/00 - 01/31/00                         49  Mmbtus
02/1/00 - 02/29/00               7  Mmbtus
03/1/00 - 03/31/00               4  Mmbtus

         1,517  Mmbtus

Prior to 12/1/99, the volumes were being purchased from High Sierra Operating
LLC under contract #96003435  Deal #26611 which have terminated.  Currently,
Logistics has these volumes recorded to HPL Stranger Gas Contract.  In order
to correct this, HPL Logistics needs either a new deal to record these
volumes which have flowed into HPL's pipeline, or Logistics needs approval to
write-off these volumes to Unaccounted for Gas Loss.  (Please print, sign,
and return the original to Clem Cernosek).

 ________________________________________________________
 Deal/Deal Ticket#/ Customer (Buyer/Seller)

    OR

 _________________________________________________________
 APPROVAL to Write-off the volumes to Unaccounted for Gas Loss

Thanks, Clem


mike swerzbin, and can you give me the deal number that you are killing,
unless you have already told sharon or amy, so that we make sure we have not
already sent a confirm.

thanks

   Kate Symes @ ECT                03/08/2001 03:38 PM

To: Kerri Thompson/Corp/Enron@ENRON
cc:

Subject: Re: natsource checkout

Mike still has about 6 deals to put in, and those are two of them. It should
just be a minute.

I'm killing a deal right now so my deal entry is tied up - who's the trader
on 541368?

Kerri Thompson@ENRON
03/08/2001 01:44 PM
To: Kate Symes/PDX/ECT@ECT
cc:

Subject: natsource checkout

541368
broker has coral for the cp

missing deals for mike:

buy idaho
Q3
25 mw
280.00
mid c
light load

sell aep
Q3
25 mw
290.00
mid c
light load


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

Matthew,

Accurate data detailing the response to activation of the Emergency Demand
Response Program (EDRP) will not be available until we receive metered data
from the Curtailment Service Providers.  An updated EDRP program status
will be written and posted on the NYISO website when this information
becomes available in a few days.  In the mean time, the NYISO has issued a
press release that provides some preliminary information on the EDRP
activation.

The press release can be found on the NYISO website at:
http://www.nyiso.com/topics/articles/index.html.

Additional information on the NYISO's Demand Response Programs can be found
at:
http://www.nyiso.com/services/documents/groups/bic_price_responsive_wg/demand_response_prog.html

Regards,

Bradley Kranz
NYISO

----- Forwarded by Bradley Kranz/NYISO on 08/09/01 08:44 -----

                    matthew_cinadr@dps.state.ny.us
                    Sent by:                                To:     <nyiso_tech_exchange@global2000.net>
                    owner-nyiso_tech_exchange@lists.        cc:
                    thebiz.net                              Subject:

                    08/09/01 08:16
                    Please respond to
                    market_relations

matthew_cinadr@dps.state.ny.us writes to the NYISO_TECH_EXCHANGE Discussion
List:

I very interested in detailed reports on EDRP activiations , are they
being prepared? When will they be available?

Matthew F Cinadr
3 Empire State Plaza
Albany, NY 12223-1350
518-474-2040
e-mail     matthew_cinadr@dps.state.ny.us
fax         518-473-2420
http://www.dps.state.ny.us/

dlawrence@nyiso.com
Sent by: owner-nyiso_tech_exchange@lists.thebiz.net
08/08/01 12:51 PM
Please respond to market_relations

        To:     TIE_List_Server@nyiso.com, nyiso_dltf@lists.nyiso.com
        cc:
        Subject:        EDRP /SCR program activation - August 8

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

At 1103 today, participants in the Emergency Demand Response Program and
ICAP Special Case Resources were notified that the programs would be
activated from 1300 through 1700 on August 8.


Fiona,
?
I sent you a letter a while ago to obtain Enron's approval of the  text.? Are
you still?my contact for this?? If not, please let me  know who I should send
the?promotional material for approval.
?
Thanks,
Julie Brennan
?
Lacima Group
 - Covering letter for book brochures - final.doc


eSource presents Piranha Web training

Piranha Web offers an online connection to complete company analysis via
content that includes Disclosure, Worldscope, Datastream and I/B/E/S.  The
product is designed to allow users to get complete company fundamental
financials, earnings estimates, and market data.

Training Agenda Includes:
? General Introduction.
? Basic ticker query building

Attend our Piranha Clinic:

May 11 -    9:00 -10:00 AM  EB572

Seats fill up fast! To reserve a seat, please call Stephanie E. Taylor at
5-7928
Check the eSource training page at http://esource.enron.com/training.doc for
additional training sessions and vendor presentations

http://esource.enron.com


Dave,

I actually have asked Rodney long time ago that I wanted to be a part of the Monday morning meetings but he didn't want anyone other than traders in that meeting. I guess he changed his mind. Anyways, I would love to be a part of the meetings and maybe Karen and I can take turn to go in there.

Monika

 -----Original Message-----
From: 	Allan, David
Sent:	Wednesday, August 08, 2001 12:10 PM
To:	Causholli, Monika; Carter, Karen E.
Cc:	Malcolm, Rodney
Subject:	FW: Pulp Meeting Mondays

This is an opportunity for us. Could you get back to Rodney?
Dave

 -----Original Message-----
From: 	Malcolm, Rodney
Sent:	Wednesday, August 08, 2001 11:10 AM
To:	Allan, David
Cc:	Alcantara, Ana
Subject:	Pulp Meeting Mondays

Dave,

At a number of the pulp meetings we have had discussions around information we would like to gather in the marketplace.  Until now I had been erring on the side of smaller meetings to facilitate better discussion but I think it would be more helpful to have one person from fundamentals present at the pulp meetings on Mondays at 9:00.  This should be the person that is doing most of the work on pulp.  Please let me know who you think the best person to attend would be.

Thanks,
Rodney


I would slightly modify the First and Second Floating Amount definitions as
follows.

An amount equal to $2,787,500 plus the sum of the products of (i) the First
Floating Price for each day during the Calculation Period and (ii) the
Notional Quantity per Calculation Period.

An amount equal to the sum of the products of (i) the Second Floating Price
for each hour during the Calculation Period and (ii) the Notional Quantity
per Calculation Period.

Let me know if you think this works.
Regards,
Brent

	Melissa Ann Murphy@ECT
	05/16/2001 04:41 PM

		 To: Chris H Foster/Enron@EnronXGate
		 cc: Sara Shackleton/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron
		 Subject: Merchant Energy Deals

I have attached the new drafts below:

Let me know if any further changes are needed.

Thanks,
Melissa
(713) 853-1886


Obviously this is going complicate (and increase the cost) of the
transaction.  Is there any way to push back on this?  We will now need four
break out contracts, four sets of every other document, 4 sets of assigning
docs out of TurboPark, etc....  Not hard to do, but a challenge to do on your
time frame.

Kay

Stephen Thome@ECT
03/06/2001 11:39 AM
To: ccampbell@kslaw.com, jkeffer@kslaw.com, Carlos Sole/NA/Enron@Enron, Kay
Mann/Corp/Enron@Enron
cc:

Subject: Turbines

Catherine, John,

I just received this from Panda regarding their project company structure.
---------------------- Forwarded by Stephen Thome/HOU/ECT on 03/06/2001 11:31
AM ---------------------------

"Lori Holt" <LoriH@pandaenergy.com> on 03/06/2001 11:04:12 AM
To: <Stephen.thome@enron.com>
cc: "Jimmy Teringo" <JimmyT.Dallas.Panda@pandaenergy.com>
Subject: Turbines

Steve,
I was correct in my assumptions.  Each turbine should go into four different
LP's.  Panda West Power I, L.P., Panda West Power II, L.P., Panda West
PowerIII, L.P. and Panda West Power IV, L.P.  Please advise if you have any
additional questions.
Regards,
Lori


Greeting My Sisters In Christ,

I was just touching basis with the both of you as frontliners to say that
we are blessed and highly favored in the eyes of  God. On last night, the
group participated in a three-way and it was a blessing and it was agreed
on last night that we too would be participating in the fast on Wednesday
as well.

We all agreed to do the fast with water only, because we know that there
are different kinds of fast and I wasn't sure what others were doing, but
my feeling is that whatever we do as a unit and as long as we are doing it
to the Glory and Honor of God, then He honors what's in our hearts.

I believe that this is only the beginning of change and that God is truly
doing a new thing in the saints of God. The fast was a blessing for me on
today. I got up this morning with a spirit of expectation, not knowing what
to expect, but knowing that God was doing something powerful in the spirit
realm.

I believe that as we continue to walk in unity, keep our focus, commit our
work unto Him, that God will establish our thoughts and He will complete
that which He has started in us....A good work.

Be blessed :-)
Edith


Michael Levin
77 Engle Street
Tenafly, NJ 07670
mrlevin@student.umass.edu

To Mr. Ken Lay,

I'm writing to urge you to donate the millions of dollars you made from selling Enron stock before the company declared bankruptcy to funds, such as Enron Employee Transition Fund and REACH, that benefit the company's employees, who lost their retirement savings, and provide relief to low-income consumers in California, who can't afford to pay their energy bills.  Enron and you made millions out of the pocketbooks of California consumers and from the efforts of your employees.

Indeed, while you netted well over a $100 million, many of Enron's employees were financially devastated when the company declared bankruptcy and their retirement plans were wiped out.  And Enron made an astronomical profit during the California energy crisis last year.  As a result, there are thousands of consumers who are unable to pay their basic energy bills and the largest utility in the state is bankrupt.

The New York Times reported that you sold $101 million worth of Enron stock while aggressively urging the company's employees to keep buying it.  Please donate this money to the funds set up to help repair the lives of those Americans hurt by Enron's underhanded dealings.

Sincerely,

Michael Levin


CALENDAR ENTRY:	EVENT

Description:

Date:		11/24/2000
Duration (days):	1

Chairperson:	Outlook Migration Team

Detailed Description:


-----Original Message-----
From: 	TruOrange@aol.com@ENRON
Sent:	Monday, November 26, 2001 10:41 AM
To:	TruOrange@aol.com
Subject:	True Orange, November 26, 2001, Part 3 of 4

Part 3

Recruiting Roundup

Today (Monday) was the day the Longhorn coaches could start another big
recruiting push by going to top recruits' schools and homes, but the big game
Saturday has pushed that back a week.
But don't worry about it. Coach Mack Brown wrote the book on recruiting and
his previous four classes at Texas have been very good, and some of them have
been great.
This year's class has a chance to be as good as any Brown and his assistants
have signed. There's a chance it could be the best of the bunch, even better
than the top-rated Chris Simms, Cory Redding class.
They already have 16 commitments, about half of them from players who have
been on at least one national top 100 list, and their class already is ranked
as one of the top five in the nation.
Let's take a look at where they are and where they are going:
OFFENSE
Quarterback
UT has a commitment from Billy Don Malone of Paris North Lamar, who is a lot
better than most of the gurus think, and the Horns have close to a 50-50 shot
at Vincent Young, the wonder kid at Houston Madison, who had his usual game
Friday for the undefeated Marlins, doing everything on offense and even
running an interception back for a touchdown. (Yes, he plays defense, too,
when needed.)
Running Back
The Horns have a commitment from Clint Haney of unbeaten Smithson Valley and
are in the hunt for power-runner deluxe Albert Hardy of Galena Park and
elusive Selvin Young of Jersey Village. They have an outside shot at Lorenzo
Booker of Ventura, Cal., the nation's highest rated running back.
Tight End
David Thomas of Wolfforth Frenship, a national top 100 player on some lists,
is already committed. He is very good. The only other TE the Horns are
recruiting is Eric Winston, the humongous pass catcher and blocker deluxe at
Midland Lee.
Wide Receiver
National top 100 star Marquis Johnson of Champaign, Ill., and Dustin Miksch
of Round Rock Westwood are already committed. Robert Timmons of Flower Mound
Marcus, a supremely talented player who has little playing experience because
of transfer problems, is a possibility, and, if the Horns don't get him, they
might wind up with Biren Ealy of Cypress Falls or Anthony Wright of Klein
Forest.
Line
The Horns already have a pledge from Neale Tweedie of Allen, a great pass
blocker who is on several national top 100 lists, and from Brett Valdez of
Brownwood, a tremendous run blocker.
They are still recruiting Justin Blalock of Plano East and Tony Ugoh of
Spring Westfield. Blalock is the best run blocker I've seen this year.
DEFENSE
End
Chase Pittman of Shreveport Evangel, a national top 100 player, has committed
and will enroll in January and go through spring training, which will give
him a chance to see action as a true freshman. The Longhorns are in the hunt
for Bryan Pickryl of Jenks, Okla., a speed rusher deluxe, Larry Dibbles of
Lancaster and Travis Leitko of The Woodlands. All three are on every national
top 100 list I've seen.
Tackle
Texas has commitments from four top tackles - Sonny Davis of Gulf Coast
Community College, a JC in Mississippi, Earl Anderson of San Marcos, Lyle
Sendlein of Scottsdale Chapaparral and Tully Jantzen of Keller. Davis has
some academic issues. Sendlein also is a very good offensive lineman and
Jantzen is swift enough to play end. Texas has a very good shot at Rodrique Wr
ight of Alief Hastings, the nation's top DT, and at Marco Martin of Mesquite,
another national top 100 player. Kasey Studdard of Highlands Ranch, Colo, who
excels at DT and OG, also is a strong possibility. It's 50-50 on whether he
will play offense or defense in college. He is the son of David Studdard, a
former UT offensive line star who had a long career with the Denver Broncos.
Linebacker
Texas starts three seniors and needs a great group. Garnet Smith of Arlington
Lamar, Brian Robison of of Splendora and Marcus Myers of Pflugerville are
already committed and the Horns are still recruiting several top one from
Texas and across the country. A. J. Nicholson of Winston Salem, N. C., and
Aaron Thomas of North Mesquite are national top 100 middle backers who are
strongly considering Texas, and Michael Williams of Lindale and Rufus
Alexander of Baton Rouge Christian Life, are fast outside backers the Horns
are recruiting. Another possibility is Lance Mitchell a top JC linebacker in
California who ir orignally from Dallas. He is considering taking a visit.
Defensive Backs
Matt Melton, a hard-hitting safety from Tyler, is already committed. Swift
Edorian McCullough of North Garland, the Class 5A 100 meter champ, also is
considering Texas, along with Brodney Pool, a big, fast safety from Houston
Westbury.
Kicker
Texas is looking for a kicker, but has not homed in on one yet. The coaches
want someone who can kick off into the end zone consistently.

Longhorn Basketball Adds Pair

Twotop basketball recruits have signed with Texas, head coach Rick Barnes has
announced.
Brad Buckman, a 6-9, 235-pound forward from Austin Westlake, and Kenton
Paulino, 6-2, 165, a com bo guard from  Los Angeles Fremond HS who will play
for Maine Central Institute this season, are the new signees.
"Signing Brad and Kenton is another sign that our program is really on the
rise," Barnes said.  "Both have great athleticism and an attitude of winning
about them that we need to continue to bring to The University of Texas."
Buckman plays for coach Clifton McNeely is at Westlake and is a national top
30 recruit.
The No. 2 high school prospect in  Texas according to Mike Kunstadt's Texas
Hoops, Buckman averaged 19.8 points, 10.4 rebounds and 4.3 blocks per game
during his junior season.
He also is tabbed the No. 15 prospect in the nation by Clark Francis' Hoop
Scoop.  Buckman earned Most Outstanding Player honors at the prestigious
Pitt3 Five-Star Camp this July in Pittsburgh, Pa.
"There's not a program in the nation that did not go after Brad during the
recruiting period, so to come out on top in that battle is a huge win for
us," Barnes said.
"Brad turned down four of the most storied programs in college basketball
history for the opportunity to play at Texas." Barnes said.
"He made one of the biggest jumps in his game that I have seen during the
summer camp period.
Brad has a tremendous competitive fire and is one of those players that fans
here will really appreciate."
Paulino plays under coach Carl Hendrickson at Maine Central.  He starred at
Fremont High School under coach Sam Sullivan, where he averaged 24 points a
game and earned Los Angeles Co-Player of the Year accolades during his senior
campaign.
"Kenton is one of those explosive scoring guards that we need in our
program," Barnes said.
"He is a very good shooter with range and an exceptional athlete who
high-jumped 6-10 in high school. Kenton is the complete guard we were looking
for."

Horns Sign 2 in Softball

Texas softball coach Connie Clark has signed centerfielder Tina Boutelle of
Katy Taylor and second baseman Chezare Sievers of Aliso Niguel HS in Mission
Viejo, Calif.
"We are excited about signing two of the top recruits in the country," Clark
said. "Tina and Chezare will be immediate impact players for us. We only lose
two players to graduation in the spring of 2002 and are pleased to have Tina
and Chezare as our newest additions to the softball program."
Boutelle, a 5-5 left-handed hitter, was named first team All-American as a
junior while helping her team to a 31-4 record and a second-place finish at
the Texas 5A State Championship.
She also is an All-District and All-Greater Houston selection. She was named
to the Texas Girls Coaches Association All-State Team and first team Academic
All-District in 2000.
Boutelle helped the Katy Cruisers club team to its second consecutive ASA
Gold National Championship in 2001, playing with UT freshmen pitcher Cat Os
terman and third baseman/shortstop Tiffany Anders. With her addition, the
Longhorns will have five players on the roster that have played for the Katy
Cruisers.
"Tina is definitely a long-ball threat," Clark said. "She has tremendously
quick hands and extremely good foot speed. Tina also is the type of player to
make things happen because she plays with a lot of passion and enthusiasm."
Sievers  finished her 2001 season with a .427 batting average and 19 RBIs.
She was named first team All-League and second team All-County as a junior.
The 5-0 infielder also was named first team All-California Interscholastic
Federation (CIF) as a sophomore. She is a member of the California Cruisers
club team, which placed second at the 2001 ASA Gold National Championships to
the Katy Cruisers.
"Chez can cover a lot of ground," Clark said. "She is an extra-base type of
hitter who also has the ability to play the short game. Chez also has
tremendously quick hands and I think fans will be excited to watch her play."

Longhorn Women Start Fast

Sophomore center-forward Stacy Stephens led the Longhorn women's basketball
team to the championship of the Paradise Jam Tournament in St. Thomas last
weekend.
Stephens was named the tourney MVP after leading Texas past Southern
California, 66-64, in the championship game. She had 16 points and six of
them came in the final two minutes.
Freshman Heather Schreiber was named to the All-Tournament Team after scoring
13 points, and another freshman forward, Kala Bowers, had 10 points.
Stephens and senior point guard Kenya Larkin had led Texas to a 75-70 upset
win over No. 23 Wisconsin in the semifinals game Saturday.
Stephens had 17 points and 13 rebounds against the Badgers and Larkin added
14 points and six assists. She also made four free throws in the final two
minutes.
The Longhorns are off to a 3-0 start and host No. 19 LSU Thursday night.

Texas Men 4th in Tourney

The Longhorn men lost to No. 20 Indiana, 77-71, Saturday in the third-place
game in the Great Alaska Shootout Tournament in Anchorage.
Freshman point guard T. J. Ford led Texas with 16 points and eight assists.
Senior forward Chris Owens, held scoreless in the first half, got 14 after i
ntermission.
Texas lost to Gonzaga, 67-64, in the semifinals. Sophomore Royal Ivey had 15
points for the Longhorns.

The Perfect Christmas Present
For Horns Who Have Everything Else - A Gift Subscription to True Orange
and/or the E-Mail/Fax
A subscription to True Orange is the great gift you can give again and again.
Sure beats Christmas shopping, birthday shopping or anniversary shopping.
The only thing better is  a gift of  True Orange and the True Orange Fax  -
and you can give both for just $130 a year ($99 if they take both by e-mail).

o  I am enclosing $45 for a gift subscription ($35 e-mail)
o  I am enclosing $130 for a gift subscription to the newsletter and the fax
($99 e-mail)

Name of Recipient

Address (& fax no., if applicable)

City, State, Zip

Your Name

Any Message You Want on Card


Thanks, anyway!

From: Tana Jones on 21/09/2000 11:20 CDT
To: Paul Simons/LON/ECT@ECT
cc:

Subject: Re: Bermudean Counsel

Too late, already sent it.

	Paul Simons
	09/21/2000 10:21 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc:
		 Subject: Re: Bermudean Counsel

I don't need the advice thanks (but Justin might)

From: Tana Jones on 21/09/2000 09:06 CDT
To: Paul Simons/LON/ECT@ECT
cc:

Subject: Re: Bermudean Counsel

Paul,

I just spoke to Brent Hendry who worked on the Bermuda law advice, and he
said he sent you the name of counsel.  I will also sent to you tonight a copy
of the advice we just got with respect to derivative transactions and online
transactions.

	Paul Simons
	09/21/2000 06:11 AM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT
		 Subject: Bermudean Counsel

Tana

I need to use Bermudean counsel today on a transaction and understand we have
recently selected Bermudan counsel re EOL.  Please could you provide me with
contact details.

Many thanks and kind regards.

Paul


Please respond to The Motley Fool
===================== FOOLWATCH - THE MOTLEY FOOL ===============
                         Thursday, May 17, 2001
benjamin.rogers@enron.com
=================================================================
Editor's Picks:
---------------------
- Five Money Tips for New Grads
- Ignore Splits, Dividends Rock
- Online Seminar: Choosing Stocks with The Motley Fool
- P/E Ratio: What's the Big Deal?
-----------------------------------------------------------------

                    Close    Change  %Change

        FOOL 50   1,617.29    +9.59   +0.60%
        DJIA     1,1248.58   +32.66   +0.29%
        S&P 500   1,288.49    +3.50   +0.27%
        NASDAQ    2,193.64   +27.20   +1.26%

              (Numbers as of 4:00 p.m. ET)
               THE LATEST MARKET NUMBERS
           http://www.fool.com/m.asp?i=411381

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

SPONSORED BY: DIRECTV
Get a FREE DIRECTV system and FREE Pro Installation!  DIRECTV
delivers over 200 channels of sports, news, adult, family,
network and cable programming. *See Site for details
http://www.lnksrv.com/m.asp?i=411382

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

SPECIAL: MONEY TIPS FOR NEW GRADS
  Build long-term wealth with these five must-know tips for new
  graduates.
http://www.fool.com/m.asp?i=411383

DRIP PORT: IGNORE SPLITS, DIVIDENDS ROCK
  Did you know you could earn a 12% annual dividend yield by
  owning the right company the next eighteen years? Jeff Fischer
  shows you how.
http://www.fool.com/m.asp?i=411384

ONLINE SEMINAR: CHOOSING STOCKS WITH THE MOTLEY FOOL
  We'll show you how to find the best investments in any market.
  Join us today. 100% money-back guarantee.
http://www.lnksrv.com/m.asp?i=411385

FOOL ON THE HILL: P/E RATIO: WHAT'S THE BIG DEAL?
  Price-to-earnings ratios give investors a sense of how the
  market values a company's earnings. But do you know what it
  leaves out?
http://www.fool.com/m.asp?i=411386

RULE MAKER: THE SOFTER SIDE OF RULE MAKER INVESTING
  There is more to the Rule Maker strategy than number crunching.
  Matt Richey exposes the Portfolio's underbelly.
http://www.fool.com/m.asp?i=411387

NEWS: HEWLETT-PACKARD'S PRICE STRATEGY
  The computing equipment company is cutting printer prices, but
  avoiding the PC price war.
http://www.fool.com/m.asp?i=411388

NEWS: TOM GARDNER CHALLENGES SEC
  If the SEC won't stand behind Regulation FD, says Tom Gardner,
  its purpose should be questioned.
http://www.fool.com/m.asp?i=411389

FOR A COMPLETE LIST OF TODAY'S STORIES, CLICK THE LINK BELOW.
http://www.fool.com/m.asp?i=411390

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

SPONSORED BY: DIRECTV
Get a FREE DIRECTV system and FREE Pro Installation!  DIRECTV
delivers over 200 channels of sports, news, adult, family,
network and cable programming. *See Site for details
http://www.lnksrv.com/m.asp?i=411391

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

My Portfolio: http://www.fool.com/m.asp?i=411392
My Discussion Boards: http://www.fool.com/m.asp?i=411393
My Fool: http://www.fool.com/m.asp?i=411394
Fool.com Home: http://www.fool.com/m.asp?i=411395
My E-Mail Settings: http://www.fool.com/m.asp?i=411396

FAST AND FREE
Grab your new Member Benefits and check out
what's new for you this week.
http://www.fool.com/m.asp?i=411397

WE SAVE OUR BEST INVESTING IDEAS...
for our new research service, The Motley Fool Select.
Only $4.99  per month for subscribers.
http://www.fool.com/m.asp?i=411398

PAYING TOO MUCH TO TRADE?
Compare online discount broker fees in one click.
http://www.fool.com/m.asp?i=411399

FOOL DIRECT EMAIL SERVICES
Unsubscribe, change your settings, temporarily suspend mail
delivery:
http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers@enron.com

EMAIL DISCUSSION BOARD
Let us know what you think of our email products:
http://www.fool.com/m.asp?i=411400

_________________________________________________________________
(c) Copyright 2001, The Motley Fool. All rights reserved. This
material is for personal use only. Republication and
redissemination, including posting to news groups, is expressly
prohibited without the prior written consent of The Motley Fool.

MsgId: msg-12772-2001-05-17_17-06-53-6161389_1_Plain_MessageAddress.msg-17:17:23(5-17-2001)
X-Version: mailer-sender-master,v 1.84
X-Version: mailer-sender-daemon,v 1.84
Message-Recipient: benjamin.rogers@enron.com


Hi pick up it is me on the phone

 -----Original Message-----
From: 	"susan schnitzer" <s.schnitzer@worldnet.att.net>@ENRON
Sent:	Thursday, October 11, 2001 3:21 PM
To:	Brawner, Sandra F.
Subject:	Re: I AM THANKFUL FOR ......

i could use some positive thoughts.  i am having a cranky week!


The Senate may vote on its version, SBX 1, tonight.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 05/07/2001 02:53 PM -----

	Scott Govenar <sgovenar@govadv.com>
	05/07/2001 02:33 PM

		 To: Hedy Govenar <hgovenar@govadv.com>, Mike Day <MDay@GMSSR.com>, Bev
Hansen <bhansen@lhom.com>, Jeff Dasovich <jdasovic@enron.com>, Susan J Mara
<smara@enron.com>, Joseph Alamo <JAlamo@enron.com>, Paul Kaufman
<paul.kaufman@enron.com>, Michael McDonald <Michael.McDonald@enron.com>,
Sandra McCubbin <Sandra.McCubbin@enron.com>, Rick Shapiro
<rshapiro@enron.com>, Jim Steffes <james.d.steffes@enron.com>, Alan Comnes
<acomnes@enron.com>, Steven Kean <Steven.J.Kean@enron.com>, Karen Denne
<kdenne@enron.com>, "Harry.Kingerski@enron.com" <Harry.Kingerski@enron.com>,
Mike D Smith <msmith1@enron.com>, Leslie Lawner <Leslie.Lawner@enron.com>,
Robert Frank <rfrank@enron.com>, Ken Smith <ken@kdscommunications.com>, Janel
Guerrero <Janel.Guerrero@enron.com>, Miyung Buster <Miyung.Buster@enron.com>,
Jennifer Thome <Jennifer.Thome@enron.com>, Eric Letke <eletke@enron.com>,
Mary Schoen <Mary.Schoen@enron.com>
		 cc:
		 Subject: ABX 128 - Windfall Tax - Passage

ABX 128 (Corbett), which establishes a windfall profits tax, passed out
of the Assembly Revenue and Taxation Committee on a party-line vote.
The bill was completely rewritten in committee to do the following.  I
will fax bill language to Houston, Portland and San Francisco.  If
anyone else would like language, please e-mail me.

a.    Create a Tax on Excess Gross Receipts from Electrical Energy
Distribution.

b.    Impose the tax on the person making the first sale of electrical
power in or into California for consumption.

c.    Establish as the measure for the tax, the amount by which the
gross receipts from the sale exceed the amount that        would have
been received if the sale had been made at a specified price (the 'base
price').

d.    Establish a $60 base price.

e.    Create a rebuttable presumption that the base price represents a
fair sales price.

f.    Add a mechanism to require withholding of the tax from purchasers,
other than purchasers who are residential
consumers or small business users.

g.    Require sellers to file annual tax returns to report the tax on
excess gross receipts and pay any remaining tax due.

h.    Allow sellers to file a claim for refund in an attempt to rebut
the presumption that the base price represented a  fair sales price with
respect to that seller.

i.    Establish the connections to California giving rise to  liability
for the tax.

j.    Include a sunset date for the tax after 5 years.


Ben/Don

Attached is an Excel spreadsheet with a tasking letter, summary estimate of
resources/cost, table of contents of deliverable package and the last is a
sequence of task/reviews.

Looks like with a 12/20/1999 kickoff, we could have "first look" review and
"fatal flaw" report to you by third week of January, draft full report by mid
February and final issue by end of February. This assumes Project Sponsor has
most of the essential documentation available and in our hands by 12/27/99.
It further assumes Project Sponsor has staff available in Houston to address
questions as they come up in the review process. Project would be led by
myself assisted by a  designated Project Engineering Manager to coordinate
work efforts and report publication.

expected cost to be about $60,000 for EE&CC staff/travel, about $25,000 for
third party environmental consultant (based on discussion with Project
Sponsor's consultant and the apparent state of permits and licences). The
Development engineer cost is already covered as an allocation to ENA so does
not directly hit Project budget. Costs and resources should be considered
estimated based on our understanding of project and our assumptions of
available Project Sponsor documentation. We would anticipate publishing
bi-weekly due diligence progress summaries and would have updated
manhours/cost expened and commited to the report date.

Thanx Bruce


Jeff Hodge asked me to send the attached memo regarding American Express
Company to you.

Kaye


Dale,

My recommendation is to make Steve the head of the research unit in London.
We were talking originally about September but I think we should accelerate
this process.
Of course, Anjam will be very unhappy about it, but we cannot manage around
him
any longer.

I think that the promotion should be combined with a salary increase.
I would like to offer him a significant increase that
goes with expanded responsibilities and much higher visibility.
A salary increase will also bring him closer to the market.
 We see the market for  technical people going through the roof in
practically every location
where we operate.

A contract is not a good solution in my view. It creates a sense of false
security for
both an employee and the company.

I shall send a message to John Sherriff with my recommendation. I shall cc
you.
I would appreciate if you could bring it up with John as well.

Vince

Dale Surbey
07/11/2000 10:23 AM
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Steve Leppard

Hi Vince,

HR is working on a mid-year salary review for London people that have a
noticeable gap between their compensation at Enron and what we would have to
pay in the market for a replacement.  They highlighted Steve as someone with
a potential gap - particularly in light of what we're seeing in our quant
recruiting effort for credit trading and research.

I'd like your opinion on the best way to make sure we keep Steve happy and
keep him at Enron.  There are several things I see we can do:

1)  Give him a mid-year pay increase to move him closer to market.  I'm not
sure this is the best way to go, especially if we only offer him a token
salary increase.

2)  Offer him more responsibility:  What are your thoughts on timing for
making Steve the official head of the London research team?  With my move to
EBS, should we accelerate this?  I think this is good way to keep him happy
and motivated, and then follow up with a more meaningful salary review at
year-end (as part of the regular process) that takes into account his greater
responsibility.

3)  We have some people that we're trying to get under long-term (3-yr)
contract with a 12-month notice clause.  Obviously anyone signing one of
these will want significant up-front compensation for being handcuffed.
We've not had a lot of success with these here in London, and I would prefer
to keep Steve happy so he wants to stay with Enron rather than contractually
binding him to the job.

I'd value your thoughts on this.

Thanks,

Dale


(See attached file: HPLN1102.xls)

 - HPLN1102.xls


HEY, we need PHOTO's!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

-----Original Message-----
From: Tamara Carter [mailto:tcarter@sequentenergy.com]
Sent: Tuesday, June 04, 2002 1:47 PM
To: mhwharton@aep.com; JVillarreal@coral-energy.com;
slboudreaux@duke-energy.com; Germany, Chris; Loving, Scott;
kloocke@nisource.com; csanchez@superiornatgas.com;
Chris.Ordway@ubswenergy.com; Clarissa.Garcia@ubswenergy.com;
meredith.homco@ubswenergy.com; Victor.Lamadrid@ubswenergy.com
Subject: Fwd: Prudenti Birth

whoo hoo!!!


JM,

Is the contract on 461059 good for Nov?

D
---------------------- Forwarded by Daren J Farmer/HOU/ECT on 11/15/2000
03:10 PM ---------------------------

Mary Poorman@ENRON
11/15/2000 02:55 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: Meter 6315, purch from Torch/Rally, October

Daren,

I show that you extended the purchase, deal ticket 461059, to cover flow on
the first two days.  However, now that measurement has closed, I show that we
have flow on this meter for the entire month, with the exception of a few
days in the middle.  Please let me know if we want to extend this deal (85%
of hsc - lg, etc) or if I should put this gas on Strangers until we determine
what to do.  I am now on the dreaded ua4 list from Vol. Mgmt.

Mary


> Bentek's RateMiner enables marketers, consultants and end users of energy
> to estimate savings, conduct bill audits and evaluate the economic impact
> of alternative electric and gas rate structures.
>
>
> The table below shows a load profile for 100,000 square foot grocery store
> located within the footprint of Baltimore Gas and Electric.
>
>  <<...OLE_Obj...>>
> RateMiner Gas ETA (Electronic Tariff Analysis)
>
>
>
> The table below shows the Electricity costs for a 60,000 square foot
> grocery store located within the footprint of Conectiv Power in New
> Jersey.
>
 <<...OLE_Obj...>>
> RateMiner Electric ETA (Electronic Tariff Analysis)
>
>
> Bentek Energy, LLC. is the leading provider of utility tariff information
> and analysis.
>
>
> Bentek Energy, LLC.
> 575 Union Blvd., Suite 202
> Lakewood, CO  80228
> (800) 364-5687
> www.bentekenergy.com
>


David,

Is it possible for MDEA to purchase power from EPMI as an agent for the
Cities?  This will obviate the need for any type of security.

Thanks,

Kay


Hello,

Sorry for a delay in getting back to you.
We would like very much to offer you a summer internship.

Please, let me know if you are interested.

Vince Kaminski


Gov. Davis open to tax on electric generators' profits

Updated: April 4, 2001 - 5:52 p.m.

Gov. Gray Davis says he is open to supporting a windfall-profits tax being
proposed by lawmakers on electric generators that have made a fortune
selling power to California this year.

He also broke with his appointees on the Public Utilities Commission in
saying private companies and other large users should be allowed to contract
directly for power with generators.

. . . .

For the first time, Davis also said the state should let companies buy their
power from generators instead of going through the utilities.

A January law that allowed the state to begin buying power for two nearly
bankrupt utilities barred such side contracts.

"That was done originally with the thought the state would have more power
and no one to sell it to if companies got off the grid," Davis said. "But
our problem is the opposite this summer. If companies want to get off the
grid, we should encourage, not discourage that."

The Democratic governor's comments came after he met behind closed doors for
more than two hours with Assembly Republicans, who have sharply criticized
his handling of the energy crisis.

"I think everyone agreed there are no political winners unless we resolve
this challenge," Davis said. "There were a lot of suggestions in there I'm
willing to adopt."

. . . .

Davis said he hasn't written the remarks he will make during a five-minute
address at 6:05 p.m. Thursday that he has asked California television
stations to carry live.

However, he said he will "share with them (viewers) the progress that we've
made and what we have to get through."

He is expected to talk about the more than 40 percent rate increases
approved last week by the PUC for customers of Pacific Gas and Electric Co.
and Southern California Edition Co.

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854


I've called George and will work on this.
Janet


Please see attached report on the Plan of Reorganization:


Dan,

This includes some additional comments and explanation of the lost data
around the time of the manual counter re-sets.

Regards,
Hollis
---------------------- Forwarded by Hollis Kimbrough/EWC/Enron on 04/09/2002
03:00 PM ---------------------------

Mark Fisher
04/09/2002 02:03 PM
To: Hollis Kimbrough/EWC/Enron@ENRON
cc:

Subject: WR585 Mill Run Production Data

Hollis,

I have updated the report, adding some additional detail.

Mark Fisher


This request has been pending approval for  2 days and you are the
alternate.  Please click
http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000010092&Page=
Approval to review and act upon this request.

Request ID          : 000000000010092
Approver            : michelle.cash@enron.com
Request Create Date : 12/12/00 3:00:54 PM
Requested For       : diane.goode@enron.com
Resource Name       : Westlaw
Resource Type       : Applications


Is that a general offer to help, or just an offer to help me find the Blue
Dog contract?

	From:  Ed B Hearn III @ ECT                           03/16/2001 06:03 PM

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

Subject: Blue Dog

Kay:

Sheila asked me (told me, really) to ask you for a copy of the most recent
version of the Blue Dog Turbine Agreement.

Just let me know what, if anything, I can do to help you out.

Ed


Sorry this took so long...  Sally says put her on our Co #413, RC # 0813 for
now.  Also, she would like Angelique's resume as soon as possible.  Sally is
in Calgary but she asked me to fax it to her as soon as I get it, so tomorrow
would be great.

Thanks for your help,
Patti
x39106

Sheila Pardo
04/18/2000 03:09 PM
To: Patti Thompson/HOU/ECT@ECT
cc: Sally Beck/HOU/ECT@ECT, Shelly Jones/HOU/ECT@ECT
Subject: Summer Intern Information

Patti:

The following intern will be in Sally's department this summer:

 Name   Start Date  SS#

 Angelique Woods May 22, 2000  460-73-6365

Please let me know the CO# and Cost Center#.

If you have any questions, I can be reached at x35850.

Thank you.

-sap


---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
02/08/99 09:16 AM ---------------------------

	Enron Capital & Trade Resources Corp.

	From:  Mark E Haedicke                           02/02/99 04:22 PM

To: Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Trading German and Spanish listed equities from Houston - second
e-mail

This should have sent to you.
---------------------- Forwarded by Mark E Haedicke/HOU/ECT on 02/02/99 04:21
PM ---------------------------

Mark Elliott
02/02/99 07:46 AM
To: Alan B Aronowitz/HOU/ECT@ECT
cc: Mark E Haedicke/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT
Subject: Trading German and Spanish listed equities from Houston - second
e-mail

Alan,

Further to the last e-mail, I attach for your information a copy of trhe
Questionnaires which have been sent to our German and Spanish counsel.

Obviously, I did not want to send a copy of this to Jeff Kinneman as I am
sure that he would not be interested in the Questionnaires - just the results
of them!!  Hence, this second e-mail.

Kind regards

Mark

---------------------- Forwarded by Mark - ECT Legal Taylor/HOU/ECT on
02/08/99 09:16 AM ---------------------------

Mark Elliott
02/03/99 05:10 AM
To: Mark E Haedicke/HOU/ECT@ECT
cc: Mark - ECT Legal Taylor/HOU/ECT@ECT, Scott Sefton/LON/ECT@ECT
Subject: Re: Trading German and Spanish listed equities from Houston - second
e-mail

Mark,

Many thanks for your message.  Re your reference to UK laws on Equity
Trading, I assume that you are referring to the proposed Equity Trading
facility in London;  I trust that  you also received my detailed e-mail on
that topic of yesterday evening.  Please note that I have now received a fax
from Alan Aronowitz with the Houston trading policy (containing Chinese Wall
information), to which I refer in that e-mail - I shall be considering the
sufficiency of that policy for UK purposes later today.

Re your request for advice on the extraterritorial effect of the U.S
securities' laws, this is a new question which we have been asked to look
at.  In my view, there will be some extraterritorial effect of such laws on
the activities.  I have also discussed this issue with Scott Sefton who has
provided me with a general overview on this, noting particularly the U.S.
Insider Dealing laws and potential U.S. reporting and disclosure of
interests' requirements; however, Scott has suggested that we retain external
U.S. counsel for in-depth advice on this, with which I agree.

If you agree that we should instruct external counsel on this issue, I would
be more than happy to deal with this from London;  please let me now which
external counsel you would wish to use.  In my and Scott's views, we should
use expert  "SEC"-knowledgeable counsel in New York, such as either Cravath,
Cadwallader, Davis Polk, Cleary's, etc.

Please just let me know - I would be able to instruct external counsel today,
get an estimate of their time for dealing with the US aspect and report back
immediately.

Kind regards

Mark

	Enron Capital & Trade Resources Corp.

	From:  Mark E Haedicke                           02/02/99 10:32 PM

To: Mark Elliott/LON/ECT@ECT, Mark - ECT Legal Taylor/HOU/ECT@ECT
cc:
Subject: Re: Trading German and Spanish listed equities from Houston - second
e-mail

Mark:  We also need to look at the UK laws regarding equity trading and what
the extraterritiorial reach is of the US sec;urities laws.  Please  copy Mark
Taylor on this matter as well.  Please give me a time frame on when we will
have answers to these questions.  Thanks.  Mark Haedicke


To my freinds and colleagues:

I have thoroughly appreciated my employment and the many friends I have
made here at Enron. These are tough times, and my sympathy goes out to
everyone.

Should things get tougher still for some of you, I would like to extend
my services as a real estate agent. For some of you who don't know. I have worked as a realtor in
Houston for 6 years. If anyone needs help selling (or buying) a home, I
can be reached at Century 21 (281) 855-6100 ext. 71. Good Luck and God Bless each and everyone of us.

Thank you.

Joe Bucio


I will call.  Your pizza is getting cold.

-----Original Message-----
From: Kitchen, Louise
Sent: Wednesday, November 07, 2001 8:25 PM
To: Bradford, William S.
Subject: Re: FW: Update on SRP Margin Call
Importance: High

Any news from Despain?
--------------------------
Sent from my BlackBerry Wireless Handheld

-----Original Message-----
From: Bradford, William S. <William.S.Bradford@ENRON.com>
To: Kitchen, Louise <Louise.Kitchen@ENRON.com>
Sent: Wed Nov 07 19:35:07 2001
Subject: FW: Update on SRP Margin Call

 -----Original Message-----
From: 	Hall, Steve C. (Legal)
Sent:	Wednesday, November 07, 2001 7:30 PM
To:	Belden, Tim
Cc:	Sager, Elizabeth; Bradford, William S.; Ngo, Tracy
Subject:	Update on SRP Margin Call
Importance:	High

Tim,

As you know, SRP made a margin call to EPMI on Monday, by letter, seeking $5.5 million in margin under a "one-off" contract.  Tracy and I sent a letter back on Tuesday, arguing that the contract does not permit SRP to call for additional margin unless ENE is downgraded to junk status.  SRP responded to our letter this afternoon.  Predictably, SRP disagrees with our view of the contract and demands its margin.  SRP says that it will treat our failure to post $5.5 million by Monday, November 12, in either cash or an irrevocable letter of credit, as an event of default and will terminate the contract.  If this happens, EPMI would have to make a payment of $5.5 million within 10 days of receipt of an invoice from SRP.

As you know, Tracy and I strongly believe that the contract does not support SRP's right to call for margin at this time.  However, the contract is not perfect (they drafted it, after all) and there is a sentence fragment that supports their position.

I recommend that we treat the SRP-EPMI dispute regarding the margining criteria under this Agreement as a "Dispute" under Section 17.  Disputes are first submitted to Authorized Representatives (each company designates an Authorized Representative) to resolve.  If the Authorized Representatives cannot reach agreement within 30 days, then the dispute is forwarded to you and your equivalent at SRP (the "Executives").  The Executives have to meet within 30 days to resolve the issue.  If the Executives cannot resolve the issue within 30 days, then both parties can choose arbitration, or either party can take the matter to court.  In summary, best case, this option gets us up to 90 days before we have to arbitrate/litigate the issue.  Otherwise, we better prepare to post collateral Monday.

If you want to handle this matter by taking the "Dispute" route, I should send a letter out tomorrow to SRP giving notice that we wish to try to resolve this through the contract's "Dispute" provisions.

Steve

(I should also mention that Tracy has informed me that SRP plans to issue a margin call on our WSPP contracts (approximately $4.5 million) as soon as it calculates the amount due.)


Do you have Phil Levy's telephone # ?


Just got this, haven't had a chance to review.

H
---------------------- Forwarded by Heather Kroll/HOU/ECT on 07/17/2000 04:33
PM ---------------------------

John_Mable@dom.com on 07/17/2000 04:17:42 PM
To: Ozzie Pagan/HOU/ECT@ECT, Heather Kroll/HOU/ECT@ECT
cc: Jeff_L._Jones@dom.com, Gary_Edwards@dom.com
Subject: Edgecombe PPA

After review of your draft PPA, we have identified the attached list of key
issues.   We are available to discuss them prior to Thursday's meeting if you
wish, or we can go over them as the first part of our meeting on Thursday.

We look forward to seeing you on Thursday.

(See attached file: Contract issues july 17.doc)

 - Contract issues july 17.doc