---------------------- Forwarded by David M Gagliardi/TTG/HouInd on
11/16/2000 07:55 AM ---------------------------

mggagliardi@duke-energy.com on 11/16/2000 07:20:21 AM

To:   DGagliardi@reliantenergy.com, David_Ricks@GSDM.com,
Tony.A.Rogers@fritolay.com
cc:

Subject:  True Orange Fax/E-Mail #107

---------------------- Forwarded by Michael
Gagliardi/Hou-ComOps/EnergyTrading/PEC on 11/16/2000 07:19 AM
---------------------------

TruOrange@aol.com on 11/15/2000 10:20:16 PM

To:   TruOrange@aol.com
cc:
Subject:  True Orange Fax/E-Mail #107

True Orange Fax/E-Mail Service
Volume 8, Fax/E-Mail #107, Wednesday, November 15, 2000
Jerry Scarbrough's True Orange, P. O. Box 26530, Austin, Texas 78755 -
Phone
512-795-8536

Brown Says Horns Were Overrated in Early Season, But Now Playing Well

Coach Mack Brown said Wednesday the Longhorns were ranked too high to start
the season and didn't begin playing well until after the big loss to
Oklahoma, but he says they now have a good team and have a chance to go to
a
good bowl game.
Texas, now ranked No. 14, was No. 7 to start the season. "We were way too
over-rated in the pre-season," he said. "Alabama was third and their coach
got fired and they've won three games. The pre-season polls are way
overrated."
He said he didn't feel like the Longhorns played as a team early in the
season. "but the last five weeks, we have played as a team. We have matured
as a team."
The Longhorns will practice again  Thursday, then take off Friday, Saturday
and Sunday before returning to work Monday in preparation for the Friday
game
against A&M.
* * * *
Brown said the players who were unable to practice Tuesday weren't able to
practice Wednesday. He said safety Greg Brown and TE Brock Edwards, both
battling leg injuries, are questionable for the Texas A&M game. He said QB
Major Applewhite is continuing to rehabilitate his knee sprain, and will be
re-evaluated Monday by the doctors.
Asked if he thinks Applewhite will be able to play against A&M, he said, "I
really don't have any idea until the doctors look at him Monday."
* * * *
Defensive coordinator Carl Reese said said it will be important for the UT
defense to get off to a fast start against Texas A&M. "We have been playing
pretty well, but we've given up too many early drives," he said. " We need
to
get a good start against Texas A&M because we can't afford to give them
anything early."
He said the Aggies present a problem because they have the ability to run
and
throw. "We'll set out to stop the run because that's what we do," he said.
"You have to stop the run, but we'll also have to be very aware that they
can
hurt us with the pass, too."
Reese also said he is pleased with the depth he has on defense this year.
He
said his backup linemen, linebackers and defensive backs have all been
playing at a high level.
* * * *
DT Shaun Rogers, who has been slowed the last month by a badly sprained
ankle, said it is feeling much better. "It's better than it has been since
I
injured it," he said.
* * * *
FOOTBALL RECRUITING NOTES: Super DT Tommy Harris of Killeen Ellison has
changed his mind again and says he will take an official visit to Texas in
January. He said he had talked with the Texas coaches and has decided to
take
an official visit. His teammate, LB Yamil Lebron, a UT pledge, also says he
does not plan to take any visits to other schools. He had been quoted
earlier
as saying he would visit Oklahoma with Harris, but he said he is a firm
commitment to Texas and won't be traveling with Harris. . . Super LB
Derrick
Johnson of Waco says Texas is No. 1 with him. Johnson is as good an outside
linebacker prospect as I have seen in Texas in several years. He has
defensive back speed and a linebacker frame at about 6-3 or 6-4 and 205
pounds.
* * * *
BASKETBALL NOTES: The Longhorns scored the last six points to come from
behind and defeat California, 57-54, in the second round of the Preseason
NIT
in a real defensive struggle in Austin. The victory propels the Horns into
the semifinals of the tournament and they will play next Wednesday in New
York's famed Madison Square Garden, probably against Duke. . . Defending
Class 5A champ Fort Bend Willowridge opened its season Tuesday with an
83-53
win over Hastings and point guard T. J. Ford, a UT signee, had 14 points
and
dominated the game with his pin-point passes. . . Super 6-7 sophomore
Kendrick Perkins had 18 points, 15 rebounds and seven blocked shots to lead
Beaumont Ozen to a 79-52 win over Heritage Christian.
* * * *
My next e-mail/fax will be whenever events warrant.
* * * *
The True Orange Fax Service includes  at  least  99 faxes  a year and costs
$99 ($79 by E-Mail). The True Orange Newsletter includes  26 newsletters
and
is published weekly during football season and twice monthly during most of
the other months. It costs $45. Save by subscribing to both for $130 (or
$110
if you take the faxes via E-Mail  or $99 if you take the faxes and
newsletter
via E-Mail). Send check  to address at the top of page. I also  update my
900 number ? 1-900-288-8839 ? daily with recruiting news. My E-Mail address
is: truorange@aol.com


we are going to be at the enron booth around 7 tonight?  are you guys still
going?


Eddie Daniels, Senior Counsel, joined EWS Legal Department on December 7.
Eddie will report to Lance Schuler and will be located in EB3837A.  Please
stop by and welcome Eddie to the department.

Janette Elbertson
Enron North America Corp.
Legal Department - EB3326
Telephone:  (713) 853-7906
Fax:  (713) 646-2600
janette.elbertson@enron.com


Mike Olsen joined the Texas Desk Logistics group this week.  He is an analyst
scheduled for a year rotation.
He joined Enron in July 2000 from Texas A&M University.  He can be reached at
ext. 35796.  Please join me in
welcoming Mike to our group.   Thanks,   Pat


---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/16/2000
08:22 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/16/2000 08:16:18 AM
To: <Ami.Chokshi@enron.com>, <Darren.espey@enron.com>, <mschrab@enron.com>
cc:

Subject: HI 339/340 Revised Availability Effective 6/19/00 (HIOS P/L)

Please see the attached revised availability to be effective 6/19/00 and
continuing until further notice.

Thanks,

Steve Holmes
Devon Energy Corporation
(405) 552-4665
steve.holmes@dvn.com

 - HI339340reveff061900.xls
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/16/2000
08:22 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/16/2000 08:18:12 AM
To: <Ami.Chokshi@enron.com>, <Christina.Sanchez@enron.com>
cc:

Subject: EI 330 A and SMI 128 Revised Availabilities effective 6/17/00 (Sea
Robin P/L)

Please see the attached revised availabilities to be effective 6/17/00.

Thanks,
Steve

 - EI330Areveff061700.xls
 - SMI128reveff061700.xls
---------------------- Forwarded by Ami Chokshi/Corp/Enron on 06/16/2000
08:22 AM ---------------------------

"Steve Holmes" <Steve.Holmes@dvn.com> on 06/16/2000 08:19:34 AM
To: <Ami.Chokshi@enron.com>, <Beverly.beaty@enron.com>
cc:

Subject: HI 140 Revised Availability Effective 6/17/00 (Transco P/L)

Please see the attached revised availability to be effective 6/17/00.

Thanks,
Steve

 - HI140reveff061700.xls


The purpose of this survey is to gather information regarding Enron,s current
employee and community services programs.  Your feedback is extremely
important. This survey may take at least 5 minutes.

Experiencing technical problems?  If this link does not automatically launch
the questionnaire:
1.  Launch by copying the link below into your browser, or
2.  If you continue to have technical difficulties, please send an email
message to human resources@enron.com. (Please leave the space between human
and resources).
3.  Please do not forward this link to anyone else, as it is unique for each
respondent.

http://etcsurvey.corp.enron.com/wi/p0537666/i.asp?r=11218&s=QVYLYFBM&l=9


Hi guys,

I'm looking for a purchase deal that the counterparty is showing, but we're
not.  You guys were working that night.
The criteria are as follows:

date:           1-23-01
HE 22         100 MW @ $390.00
HE 23-24   125 MW @ $390.00

I have done a few searches and I find nothing.

Please let me know either way on this so I can close it out with Houston.

VA


We are continuing work to ensure our new online trading system, UBSWenergy, is ready for launch on the week of Feb. 11, which is the week following the anticipated Enron/UBS Closing Date of Friday, Feb. 8.

To assist in this process, we are planning an online trading simulation for Thursday, February 7 from  0900 to 1100 (CST). It is planned to include all  traders, originators, mid/back-office staff and IT teams who would normally be involved with electronic trading.

Purpose of the simulation - The simulation will test our "live" trading environment (restricted to internal access only) and will:

Test the integrity and functionality of the system and related processes (including credit, risk, legal, operations, etc.)
Provide an opportunity for traders to verify their products and product setup
Demonstrate how the trading system and processes work to UBS staff visiting next week

Nature of the simulation - The simulation will include testing of all processes related to trading and mid/back-office functions:

Credit, Legal, Risk, Operations, and other groups:
Profile tests for "external" customers (role-played by Originators)
Profile tests for internal users (traders, back-office, etc.)
Data and Process checking as completed transactions flow through Mid/back-Office systems

Traders and Originators:
Traders will be managing their individual books and associated products. Although we may be restricted to certain financial products on launch day, both physical and financial will be available during the simulation. Each trader will be asked to manage their individual position and profitability goals for the simulation.
Originators and others will be asked to play the roles of counterparties. Credit limits, etc. will be tested during the simulation.

Information Technology:
Will assist in preparing data on the system for the simulation.
After the simulation is over, will work with the relevant groups to test the trade-data in various systems and risk books
Will ensure all simulation data is removed from the system after the simulation is complete.

Next steps

Traders and Originators will be contacted prior to simulation day to ensure they have appropriate access to the system.
Originators will be assigned specific roles. You should expect to receive an email and/or handout on or before Wednesday, Feb. 6.
UBSWenergy personnel will be meeting with back office personnel over the next several days to ensure everything is in place for the simulation.

Summary

This simulation is an important step towards re-launching our trading business. We appreciate the participation of everyone involved as we prepare for the public launch of UBS Warburg Energy and the UBSWenergy trading platform.

If you have any questions, comments, suggestions, or ideas regarding this simulation, please feel free to contact Bob Shults (30397) or myself (31861).

Regards,
Dave Forster
713.853.1861
E-Mail:	David.Forster@enron.com


Oooh!  He is soo sweet!  Thanks for the pic's.  We'll have to get our act in gear here with our digital so we can be hi-tech too.  He is darling!!  XOXO to Khalid (& you guys too).

Love,
Lindy

-----Original Message-----
From: morad@midsouth.rr.com [mailto:morad@midsouth.rr.com]
Sent: Thursday, November 01, 2001 10:06 AM
To: fhelme@avaya.com; mohamed.morad@schwans.com; cfike@qwest.net;
Donoho, Lindy; kpilking@mpsomaha.org; cyndi.llano@firstdatacorp.com
Subject: Our Little Pumpkin

--------------------------------------------------------------------
mail2web - Check your email from the web at
http://mail2web.com/ .


Thanks Daren, I just found the answer this afternoon.  We paid Seagull.
Ocean Energy bought Seagull, and Pam Boxx included this deal with her net to
Seagull.  We just need to move the suspense amount.   Thanks.

Daren J Farmer
10/03/2000 05:04 PM
To: Cynthia Hakemack/HOU/ECT@ECT
cc:
Subject: Re: HPLC/Ocean Energy Inc. 09/99 Purchase

I have no idea why payment would be suspended.  I don't remember having any
problems with Ocean Energy.  Sorry.

D

Cynthia Hakemack
10/02/2000 05:19 PM
To: Daren J Farmer/HOU/ECT@ECT
cc:
Subject: HPLC/Ocean Energy Inc. 09/99 Purchase

Daren, There are five HPLC purchase deals for 09/99 from Ocean Energy Inc.
They were Craig Falbaum's deals.  A person who is no longer in my group
suspended payment for these deals.  Gary suggested that I contact you and see
if you have any insight as to why the deals might have been suspended, or
know anything that might help.  Thanks.


[IMAGE]
	Monday February 11, 2002	iOTC
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[IMAGE]   [IMAGE]       Exploration [IMAGE]      [IMAGE]     [IMAGE]  Two Major Oil Fields Discovered in Columbia  Joint-venture partners of Colombia's Ecopetrol have found two new oil fields in eastern and southern Colombia with reserves of about 100 million barrels each.  Reliance Begins Major Exploration Program Offshore India  Reliance Industries will begin its ambitious three-year, $350 million offshore oil and gas exploration program in April of this year.    [IMAGE]   [IMAGE]       Production [IMAGE]      [IMAGE]     [IMAGE]  WesternGeco Launches Wester! n Neptune Q-Marine Vessel  WesternGeco announced that the Western Neptune, the company's highest capacity Q-Marine seismic survey vessel, will begin a large multi-client survey in the Gulf of Mexico in early March.  Halliburton Brings Subsea Viking to Gulf of Mexico  Halliburton Subsea is deploying its ultra modern multi-purpose support vessel, MSV Subsea Viking, to the Gulf of Mexico on a long-term basis.    [IMAGE]   [IMAGE]       Company & Financial News [IMAGE]      [IMAGE]     [IMAGE]  CHC Wins New North Sea Contract  CHC Helicopter Corporation has been awarded a 30-month contract by Kerr-McGee North Sea (U.K.) Limited.  Hunt Awards Camisea Project to KBR  Hunt Oil Company has signed! an agreement with Kellogg Brown & Root to conduct a Front End Engineering Design study for the Camisea LNG project.  Statoil Sells Agip a Percentage of Mikkel  Agip will buy 7.9 percent of the Mikkel development in the Norwegian Sea from Statoil, and has secured an option in the same deal to acquire 7.9 percent of the nearby Tyrihans discovery.    [IMAGE]   [IMAGE]       Last 7 Days Top Stories [IMAGE]      [IMAGE]     [IMAGE]  Varco Revenue Up 46%  Varco's net income in 2001 more than doubled that of 2000.  Kvaerner and Aker Form Shipbuilding Company  Kvaerner and Aker RGI will establish a jointly owned shipbuilding management company. Together, the two groups own 12 shipyards in Europe, and on! e in the USA and Brazil.  Vanco Awarded Acreage Offshore Equatorial Guinea  Vanco Energy has been awarded a 10% interest in Block N offshore Equatorial Guinea.  West Navion Experiences More Delays  Operations on the drill ship, West Navion, offshore Canada continues to be suspended, due to repair work on the main sheaves in the RamRig derrick.  CNR Turns On the Tap At Espoir Field Offshore Cote d'Ivoire  Canadian Natural Resources Limited announces that oil production from the Espoir Field, offshore Cote d'Ivoire, Africa, commenced on February 4, 2002 at 8,500 barrels per day.  Unocal Secures OPIC Funds  OPIC will be providing support of up to $350 million in OPIC financing for two of! Unocal's offshore oil and natural gas projects in Indonesia.   McMoRan Sells Main Pass 299 Facilities to OFS  McMoRan Exploration Co. has made an agreement to convey all of FSC's rights, title and interest in its Main Pass 299 sulphur and oil and gas leases and facilities to Offshore Specialty Fabricators, Inc.   Kuwaiti Oil Minister Offers to Step Down  Kuwaiti members of parliament have called for the resignation of the entire government following last week's explosion at an oil plant where four workers were killed and sixteen were injured.  Transocean Sedco Forex Announces 2001 Results  Transocean Sedco Forex Inc. reported a fourth-quarter profit after one-time charges pushed it to a loss in the same period of 2000.  PDVSA Begins 3 Year Offshore Exploration Program  PDVSA's justlaunched a three-year, $375 million offshore natural gas exploration program in the Atlantic near the Deltana platform area.  ChevronTexaco Announces 2002 Spending Budget  ChevronTexaco Corp. is reducing its capital spending this year by 22 percent from 2001 due mainly to merger-related efficiencies.  Magnum Hunter Outlines Plans for Gulf of Mexico Exploration  The Company has made plans to participate in a minimum of seven exploration wells in the GOM during 2002.    [IMAGE]   [IMAGE]       Upcoming Oil & Gas Industry Events [IMAGE]    [IMAGE]   [IMAGE]  Feb. 10    2002 SPE International Petroleum Conference & Exhibition in Mexico  Villahermosa Feb. 26    2002 IADC/SPE Drilling Conference and Exhibition   Dallas Feb. 26    Offshore Oil and Gas Safety Seminars  Aberdeen Feb. 27    Human Resources in Oil & Gas  Aberdeen Mar. 10    AAPG Annual Meeting  Houston Mar. 17    Oil Field Chemistry Symposium - 13th International  Geilo Mar. 20    LNG North America  Houston Apr. 2     e-Business in the E?Industry - Targeting the ! 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I have no idea what this means. Please explain.


Just a reminder about the info session for the Real Time position, scheduled
today in Mt. Hood at 11:00am!

If you are interested in this position, please remember to let Amy know by
close of business on Monday, April 23rd.

---------------------- Forwarded by Grace Rodriguez/PDX/ECT on 04/19/2001
07:51 AM ---------------------------

Amy FitzPatrick
04/17/2001 08:39 AM
To: Portland West Desk
cc:
Subject: Real Time Trading Opportunity!

A position has recently become available in the Real Time Trading group
reporting to Bill Williams.  Bill will be holding an information session on
Thursday, April 19, 2001 at 11:00 am in Mt Hood for anyone who would like to
learn more about this opportunity.  Interested candidates should let Amy
FitzPatrick know by close of business on Monday, April 23, 2001.

Real Time Trading
Real Time Trading is responsible for the physical and financial integrity of
prescheduled energy transactions.  This includes managing curtailed schedules
and preserving Enron,s financial rights with non-performing trading
counterparties.  The group is required to maintain records and update
databases that explain supply or market interruptions in order to minimize
customer billing dispute issues.

In addition, Real Time Trading is responsible for the hourly trading of
energy in the California ISO and bilateral markets.  Traders are expected to
initiate profitable trades while maintaining an acceptable amount of risk
exposure to the company.  The group is expected to know all settlements
requirements and charges related to each type of trade.  Each trader is
capable of interfacing with customers and responding to internal and external
billing inquiries.

Real Time is required to administer terms of Service Desk contracts, which
may include the selling of excess generation and purchasing energy for
customer,s load requirement.  Also, each trader is responsible for gathering
and reporting information on unit outages, transmission line derations and
other information that is useful for all West Desk Trading activity.

Job Duties
? Confirm purchases and sale of power for Enron Power Marketing
? Work closely with volume, risk management, and dispute settlement groups
? Aid in preparation of price and deal reports and assist in the resolution
of volume/price discrepancies
? Interface with service and middle marketing customers to resolve real-time
questions and concerns
? Assist in testing and implementation of FSP and OATI real-time tagging
? Work closely with information technology and fundamentals group to maintain
and develop Real-Time tools and systems

Qualifications
? Bachelors in Finance, Business, Accounting or related field
? 1 to 2 years of previous power industry experience in WSCC is preferred.
? Excellent problem solving and communication skills
? Working knowledge of Excel, Access, Visual Basic and SQL
? Self motivated
? Detail oriented


I was told the IT group is working on it.

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Wednesday, February 06, 2002 10:58 AM
To:	Postlethwaite, John
Subject:	RE: YOU HAVE 48 HOURS

Are they working on it?

 -----Original Message-----
From: 	Postlethwaite, John
Sent:	Wednesday, February 06, 2002 12:33 PM
To:	White, Stacey W.
Subject:	RE: YOU HAVE 48 HOURS

Looks like everything went well. We do not have access to the Terminal Server right now.

John

 -----Original Message-----
From: 	White, Stacey W.
Sent:	Wednesday, February 06, 2002 10:30 AM
To:	Dahlke, Andrea; Evans, Casey; Lewis,  Jon Paul; Vinson, Donald Wayne; Chang, Fran; Dunton, Heather; Postlethwaite, John
Subject:	FW: YOU HAVE 48 HOURS

Just making sure there are no problems with this migration.  John, did it work for Portland?

Stacey

 -----Original Message-----
From: 	Kitchen, Louise
Sent:	Wednesday, February 06, 2002 10:03 AM
To:	Milnthorp, Rob; Calger, Christopher F.; Furrow, Dale; Curry, Mike; Redmond, Brian; Vickers, Frank; Tycholiz, Barry; Kitchen, Louise; Forster, David; Lagrasta, Fred; Llodra, John; Bradford, William S.; Taylor, Mark E (Legal); Cook, Mary; Hodge, Jeffrey T.; Sager, Elizabeth; Hansen, Leslie; Thomas, Jake; Foster, Chris H.; Mcdonald, Michael; Davies, Derek; Le Dain, Eric; Belden, Tim; Swerzbin, Mike; Presto, Kevin M.; Davis, Mark Dana; Sturm, Fletcher J.; Zufferli, John; Allen, Phillip K.; Shively, Hunter S.; Lavorato, John; Grigsby, Mike; Martin, Thomas A.; Whalley, Greg; Gilbert-smith, Doug; Carson, Mike; Oxley, David; Haedicke, Mark E.; Colwell, Wes; Beck, Sally; Reeves, Leslie; White, Stacey W.; Gossett, Jeffrey C.; Superty, Robert; Andrews, Naveen; Gorny, Vladimir; Hayden, Frank; Walker, Jennifer; Rub, Jenny; Webb, Jay; Steffes, James D.; Furrow, Dale; Foster, Chris H.; Mcdonald, Michael; Davies, Derek; Le Dain, Eric; Ryan, David
Cc:	Piper, Greg; 'pat.odonnell@ubsw.com'
Subject:	YOU HAVE 48 HOURS

This is not a circular and you will not get another chance.  This deals with migration to new systems and you need to migrate your own information or applications in the next day.  Remember do not delete anything and data to be transferred must comply (see attachments below).

The policy must be complied by Thursday.  Please ensure that everyone in your group has moved everything which is in compliance with the policy.  We will not be delaying close or restart for people not having completed their own migrations.

Please make sure that those people who are not in the office are contacted and comply (eg Dana - please cover Kevin's migration requirements)

Thanks

Louise

 -----Original Message-----
From: 	UBSW Energy General Announcements
Sent:	Tuesday, February 05, 2002 6:12 PM
To:	DL-UBSW Energy Houston
Subject:	Data Migration Protocol

To:		All Enron Employees Transferring to UBS Warburg Energy (or its affiliates)

Under the terms of the various agreements among certain Enron entities and UBS AG, certain Enron data and documents may be provided to UBS.  To ensure compliance with those agreements, Enron's document retention policy, as well as directives of various investigative agencies, the attached protocol regarding the process for migration of any information or data to UBS has been developed.

Please review the protocol carefully.  Then, complete the attached Certification and return it, with attachments, to Linda Guinn at EB 3829a no later than February 11, 2002.

Questions about this matter may be directed to Michelle Cash at (713) 853-6401 or Francisco Pinto-Leite at (713) 345-7942 .

Protocol Document and Data Copy Instructions

 << File: Protocol Regarding Data and Document Migration.doc >>

Certification Document

 << File: Certification.doc >>

Thank you for your assistance in making the transition to UBS a success.


[IMAGE]
GENERATORS/POWER MARKETERS FERC Post-Meeting Memo for October 24,  2001
Highlights
At Wednesday's  Commission meeting, generators scored a major victory with the Commission's  order setting a new interim generator interconnection policy whereby  transmission owners must pay interest to generators for interconnection costs  for system upgrades needed to interconnect. Commissioner Massey, although  supporting the order only on an interim basis, said that "if the generator is  going to used as a bank, it should be paid interest." Chairman Wood continues to  be "uncomfortable with generators being the bank."
The remainder of the  meeting focused on establishing processes for continued development of RTOs.  Within that framework, the Commissioners discussed the status of the Southeast,  Northeast and Midwest RTOs. Chairman Wood, although joking of the less than  pleasant comments made by the Chairman of the Maryland Public Service  Commission, Catherine Riley, and many other state commissioners at last week's  RTO Conference, acknowledged that the FERC took heed to the state commissions'  concerns and will involve state commissions in the decision-making process and  formation of the RTOs going forward. To back that up, Commissioner Brownell  proposed the creation of a "regional panel" consisting of state commissions and  FERC staff. This new panel will offer a forum for all regulatory bodies to  provide input in the RTO process. Commissioner Brownell's proposal was supported  by all three commissioners, although Commissioner Massey expressed a little  reservation.
It seems that the Commissioner is taking steps in that  direction by convening the Western Infrastructure Adequacy Conference to be held  during the Western Governor's Association Meeting in Seattle, WA on November 2.  This conference, too, was aimed at strengthening relationships with the states  and involving them in the decision-making process.
In addition, the  Commission extends bid caps for the ISO NE and NY ISO markets, addresses the  issue of costs responsibility for interconnections and allows virtual bidding in  the NY ISO real-time market.
These and other proceedings are  reported below. If you would like copies of any orders, please contact us.
Commission Discussion
FERC Orders Transmission Providers to Pay Interest to  Generators for System Upgrades
It is clear that the Commission is  taking a serious look at the current interconnection policies and is not afraid  to revisit earlier FERC policy to make sure that they get it right. In a  dramatic move, FERC changed policy course and ordered on rehearing that Indiana  Michigan Power Company pay DPL Energy, Inc. interest on the transmission credits  it will receive from Indiana to repay it for interconnection costs associated  with system upgrades of facilities.
Chairman Wood believes that the  transmission owner "should both construct and take responsibility for getting  transmission built". Wood went on to say that "generators should do what they do  best" ...and "not be the bank".
Commissioner Massey tried to stress that  his support of this order is only on an interim basis: " My long-term view has  not yet been formulated... I have an open mind about how to price  interconnection costs." However, Massey supported this order because he believed  that " if a generator is going to be used as a bank, it should be paid  interest."
Commissioner Breathitt, on the other hand, was the lone  dissenter on this order. Commissioner Breathitt called this item for discussion  in conjunction with six other interconnection-related proceedings being  considered on this agenda (E-7;E-10;E-12;E-17; and E-17). This policy shift is  to be applied prospectively. In support of her dissent, Breathitt said that she  "was not convinced that this order adequately counters the July order which  denied rehearing on this very issue. Commissioner Breathitt also stated that she  believed it premature to address interconnection issues and cost responsibility  in light of the Commission's earlier announcement that it will issue an ANOPR on  generator interconnection procedures and costs allocation issues.
American Electric Power ER01-2163-001
FERC To Establish Regional Panels to Facilitate RTO  Formation
At the request of Commissioner Brownell, FERC will  establish regional panels to help facilitate information exchange and  collaboration between FERC and the state commissions. This decision is a direct  result of the Commission responding to comments voiced by many state commissions  at last week's RTO "Boot Camp". It was clear that the state commissions have  felt like they have been left out of the RTO debate and process. So to remedy  that going forward, FERC has recommended the creation of this regional panel  structure. The goal of this regional panel is to strengthen relationships with  the states, help FERC with problem-solving, and bring more efficiency to this  RTO process. The Commissioners have recommended that this newly created  structure within FERC have a dedicated staff and serve as sort of a "one-stop  shop" for states to retrieve and exchange information with FERC.
Chairman Wood expressed his support for this initiative and thanked  Commissioner Brownell for her vision. Wood also spelled out what he sees as the  duties of this regional panel: (1) setting up RTOs; (2) addressing transmission  cost and infrastructure issues; (3) devise demand-side response mechanisms; (4)  help develop market monitoring and market mitigation programs; and (5) consider  best use of "distributed generation". Chairman Wood said that he would like this  panel to look at the use of "distributed generation" on his behalf. Although  conceding that distributed generation "looks more like a retail issue", Chairman  Wood went on to say that he and the Commissioners would do everything it could  to help assist the states in that process.
Even though Commissioner  Massey supported the order, he did, however, voice his frustration over the  continuous use of conferences and other forums aimed at developing regional  transmission organizations that have yet to yield the desired result: "It is my  belief that we have had a lot of process.. if we need more we ought to structure  it so to get to the 'end game'."
ALJ's Discuss RTO Mediation  Reports and Recommendations
Southeast RTO Mediation
The Commission heard presentations by staff and both the  Administrative Law Judge presiding over the Southeast and Northeast RTO  meditations. FERC staff signaled the audience that "governance is where this  discussion will focus." Identifying the unique nature of this mediation process,  Judge Bobbi Mc Cartney viewed this as a "new approach to mediation" in which she  now terms as a "market-based mediation" approach. In Judge McCartney's summary  of her Southeast mediation report, she recommended that out of the two  governance models that rose from the Southeast RTO Meditations, the  Collaborative Governance Model "represented the most fully-developed model."  Judge McCartney went so far as to highlight several components of the  GridFlorida RTO model: "It [GridFlorida] has a nicely prepared for-profit  Transco model."
Interestingly, FERC staff, in its presentation, stated  that both models satisfied compliance with Order 2000. However, upon questioning  by Commissioner Massey, staff conceded that the alternate "Independent System  Administrator (ISA)" model may NOT fully comply with Order 2000 and may need  additional work to bring it in compliance. Apparently wearing two hats, Judge  McCartney's mediation advisor, Chairman Herb Tate, expressed his preference for  the ISA model. He stated that public power entities and states may be more  "comfortable" with this model because of its similarity to the Independent  System Operator (ISO) model currently in place in the Northeast.
Both  Judge McCartney and Chairman Tate called on the Commission to take this report  and build from it. Judge McCartney made it very clear that the findings were  limited to the narrow scope she was asked to address. Judge McCartney only  looked at the filings made in the Southeast RTO dockets and made no comparisons  to other region's RTO proposals. Because of that limitation, Judge McCartney and  Chairman Tate asked the Commission to do what they did not have an opportunity  to.
Ultimately, the Commissioners were very impressed by the results of  the Southeast RTO meditations, but recognized that much more needs to be  explored and resolved:(1) who does transmission planning; (2) how do you  preserve the low-cost energy while restructuring the wholesale market?; and (3)  should sub-regional RTOs still be allowed to continue developing knowing that  they will be superseded by the creation of a supra regional RTO?  (EX02-2; RT01-100 GridSouth; RT01-34 Southwest Power Pool; RT01-75  Entergy Services; RT01-77 Southern Company Services)
Northeast RTO  Mediation
Discussions on the Northeast RTO Meditations went  very much like the Southeast. Judge Peter Young summarized his findings from the  Northeast mediation with assistance by his mediation advisor via telephone, Joe  Garcia. The Northeast mediation did not concentrate on substantive issues and  structures, instead it concentrated on process and timelines. The meditations  yielded three options stakeholders offered for consideration: Option I-M; Option  2-M; and Option 3-M. Judge Young expressed his favor with Option I-M. However,  again, the advisors and Judges were split on the appropriate model to use going  forward. Joe Garcia recommended to the FERC the use of the 3-M Option, since it  garnered the most "broad based support" from industry mediation participants.
Without committing to one model or the other, Chairman Wood did,  however, state that "Option 2 has some attractiveness" because of the of the  shortened time frame for implementation. (EX02-1-000; RT01-99 PJM; RT01-98  PJM-West; New York ISO RT01-95)
Midwest RTO Developments
The Midwest RTO discussions took a different approach beginning  with a staff presentation that highlighted the status of both the Alliance RTO  and the Midwest RTOs. From the FERC staff presentation, it seemed as if the  staff portrayed the Midwest ISO as the more progressive of the two RTOs before  them. Of particular note, Commissioner Breathitt pointed out that Southwest  Power Pool had announced its plan to merge with the Midwest ISO, which could  address Commission's concern that its scope was too small. Looking to gain more  intelligence on the announced proposed merger of MISO and SPP, the Commissioners  asked Jim Torgenson of MISO to join the panel and answer staff questions. The  Commissioners were very concerned with the possibility of seams between the two  areas,( i.e. Midwest ISO and SPP). Mr. Torgenson quieted those concerns by  telling the Commission that there will be "no seams"... "they will function as  one." Under the new proposed structure, Jim Torgeson will become CEO of the  newly created and named structure and Nick Brown will assume the position of COO  for the new structure. In addition, the Midwest ISO/SPP RTO will seat an  entirely new independent 11 person board.
Representatives from the  Alliance RTO were not given the same opportunity to update the Commissioners on  their RTO progress. The Commissioners only had the staff presentation  summarizing what the Alliance had filed in its most recent status report  afforded to them. In the presentation, staff noted that the Alliance RTO would  not be operational by the December 15 RTO start-up date, but that the Midwest  ISO intended to be.
Much of the Midwest discussion centered around the  viability of "stand-alone" transcos and for-profit transcos within the RTO  structure. Commissioner Breathitt stated that she "hope(s) to see a stand-alone  transmission company." she went on to say that with regards to Transcos, "maybe  it is a time that has not yet come." With so much uncertainty surrounding the  Midwest and other regions, Commissioner Brownell instructed the Commission no to  allow these "models to be exposed in the market while we [FERC] tincker."  Commissioner Massey made a statement along the same lines asking for the  Commission to consider "what functions do investors need to invest in RTOs" that  could make the investments more appealing. It is conceivable that this  uncertainty in the market surrounding the creation of RTOs, both for-profit and  not-for-profit could deter much needed investment in these models.  (EX02-3; RT01-87 Midwest ISO/Alliance; EL01-80 National Grid USA) -
The message the Commissioners got across at Wednesday's  meeting is that it will attempt to give people certainty by proceeding in a  manner that will involve the necessary parties to bring RTOs into fruition. (1)  perform an updated cost-benefit analysis of creating RTOs; (20 issue a NOPR on  RTOs that spell out what the Commission is looking for compliance; (3) issue an  interconnection ANOPR to resolve a huge outstanding issue that could impact  functionality of RTOs; (4) create regional councils to facilitate collaboration  between states and FERC; and (5) issue a NOPR on Open Access Tariffs to guide  the industry in fashioning tariffs.
Discussion of Western  Infrastructure Adequacy Conference AD01-2
The staff started off the  presentation by stating that it views this conference as a "fact-finding  mission". Staff proceeded to lay out three questions the FERC will attempt to  answer through this conference: (1) Is current infrastructure adequate?; (2)  What are the infrastructure needs in the West?; and (3) What factors are  inhibiting adequate investment in infrastructure? In addition to those  questions, staff is looking to address offsets of those larger contextual  questions: (a) what is the outlook for population and growth of demand in the  West; (b) Why isn't needed infrastructure being built? what are the barriers?  (c) What can FERC and the states do to increase investment in the West? Chairman  Wood ended the discussion by stating that "what is good for the West is good for  the rest of the country." So, we can probably expect FERC to move forward with a  series of regional discussions similar to this conference in the West.
Individual Contested Proceedings
Bid Caps/ Market Mitigation
New York ISO ER01-3001-000  - The Commission granted the NY ISO an extension of its  $1,000 bid cap until which time a Northeast RTO becomes operational. The  Commission also directed the NY ISO to file semiannual reports on the progress  of its efforts to implement programs that could minimize occurrence of extreme  prices, e.g. demand-side management programs. In addition, as condition for  approval of an extension for the use of the NY ISO's Temporary Extraordinary  Procedures (TEP), the NY ISO must file within 30 days a more defined set of  procedures for triggering TEP in the market.
ISO New England  ER01-3086-000 - The Commission granted the ISO-NE an extension of  its $1,000 bid cap until such time as a Northeast RTO becomes operational.
Morgan Stanley Capital Group v.  NY  ISO EL00-90-000; ER01-3009;ER01-3153-000 - The Commission accepted  the proposal to allow virtual bidding, (i.e. bidding of non-physical generation  and load) in the NY ISO's real-time market. The Commission also accepted the  NYISO's revised Market Mitigation Measures aimed at addressing potential gaming  or market power that may result from the introduction of virtual bidding.
Generator  Interconnection
New York  Independent System Operator, Inc.  ER01-2967-000   The Commission addressed the issue of cost responsibility for  interconnection by ruling that generators may only be assigned costs of System  Upgrade Facilities to the extent that these costs are not already in the  "Baseline Assessment". In addition, siding with generator arguments, the  Commission also ordered the NY ISO to delete from its tariff its "Material  Impact Standards" without prejudice.
Market  Complaints
E-19 San Diego  Gas & Electric Co.  v.   Sellers of Energy EL00-95-034; EL00-98-038 - Order on the CA  ISO's compliance filing proposing a new generator outage and maintenance  coordination plan. Dynegy and other protesters allege that the CA ISO is  attempting to circumvent FERC and "seize control of the outage monitoring"  function that is currently FERC' s responsibility and role.
Pacificorp Power Marketing ER01-2685-000 - The  Commission accepts Pacificorp Power Marketing's request to withdraw its filing  of a 10-year power Purchasing Agreement contract with the California Department  of Water Resources. Attempting to comply with a Commission order in the Southern  Case rescinding waiver and requiring that all long-tern power contacts be filed  with the Commission in place of submitting quarterly power marketing reports,  Pacificorp filed its long-term contract and later realized that the waiver was  still in effect at the time it made the power contract filing.
Mirant et al.  v.  ISO New England, Inc.   EL01-93-001 - The Commission granted NSTAR's clarification  request and directed the ISO NE to file with the Commission all  mitigation contracts negotiated under Market Rule 17, effectively  eliminating the discretion the ISO NE attempted to exercise.
E-30 Calpine Eastern Corp.,   Mirant et al.  v.  ISO New  England EL01-124-000 - The Commission agreed with Calpine and  granted its complaint ordering the ISO NE to include external energy contracts  in its calculation of the energy clearing price and Real-time Marginal Price  during non-OP4 conditions in the ISO's market.

NOTE: FERC Issued ANOPR on Generator  Interconnection
Tonja Wicks
Manager, Energy  Supply Policy
Alliance of Energy Suppliers
Edison Electric Institute
Phone: (202) 508-5098
Fax: (202) 508-5600
Fax: (202) 508-5445
______________________________________________
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For more information, please contact the Alliance of  Energy Suppliers at alliance@eei.org
P-(202) 508-5098
F-(202) 508-5600

Tonja Wicks
Manager, Energy Supply Policy
Alliance of Energy  Suppliers
Edison Electric Institute
Phone: (202) 508-5098
Fax: (202)  508-5600
Fax: (202) 508-5445
 - IMAGE.gif
 - Tonja Wicks.vcf
**********

Several EEI meetings have been postponed or canceled.  For more information about a specific meeting, go to
( http://www.eei.org/resources/meetings/postponements.htm )


Harry:
Could you forward along to the EES folks we talked to yesterday who're
interested in ISO's demand-side proposal.  Thanks.

Best,
Jeff

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Market Participants,

Attached is the California ISO's revised third RFB for Loads with
emergency back-up generators that wish to participate in the ISO Demand
Relief Program (DRP).  The ISO would especially like to thank the
participants that submitted bids that included back-up generators into the
first DRP RFB and encourages those participants to submit bids for this
revised RFB.

As mentioned in the March 30 Market Notice for the second DRP RFB (for
Loads not using back-up generators), the design of the back-up generator
program has changed somewhat since the issuance of the first DRP RFB.
Loads using back-up generators will still be dispatched after the DRP Load
blocks but will be available for 24 hours per month, similar to the Load
portion.  Successful bidders will start in the program either June 1 or
July 1 depending on how quickly contracts and logistics can be finalized.

Bids are due to the ISO on May 1 in accordance with the attached RFB.

This RFB will also be posted on the ISO Home Page (www.caiso.com) in the
next 24 hours.

<<DRA Third RFB BUG 010403.doc>>

 - DRA Third RFB BUG 010403.doc


Enron and Dynegy each announced today that they are holding discussions about a possible merger of the two companies.  As you know, Dynegy is a major player in the energy marketplace, and is not only a competitor, but also a counterparty of Enron.  This is just one of several options that we are considering.

Upon receipt of this announcement, the NYSE briefly suspended trading of both Enron and Dynegy.  We have no additional information we can share at this time.  We'll keep you updated as developments occur.


Charles Schwab & Co., Inc.

Internet Daily for Thursday, June 7, 2001
by Frank Barnako CBS MarketWatch.com

-----------------------------------------------------------------
7-Eleven expands in-store Web test

Check cashing, wiring money and other financial transactions have
become easier with the introduction of Web-enabled kiosks at
three dozen 7-Eleven stores in Florida's Fort Myers and Naples
area.

The company eventually expects to offer bill payment, event
ticketing, travel directions and road maps through the
proprietary terminals. Fort Myers and Naples were chosen to be a
test market because there already is a strong demand for 7-Eleven
stores' financial products, like money orders, said market
manager Jim Summers.

Depending on the test, 7-Eleven expects to place kiosks in
additional stores nationally within six months. Because the kiosk
is Web enabled, 7-Eleven could also offer branch banking, vehicle
registration, issuance of airline tickets and in-store pickup of
items bought online. A similar test has been under way at 58
stores in Texas. American Express has signed up to be the primary
provider of ATM services, Western Union Financial Services will
provide money order and money transfer transactions and Equifax
has agreed to handle the check-cashing.

-----------------------------------------------------------------
Orbitz start travels a rough road

Highly promoted Orbitz.com found itself unable to handle the
traffic. Call centers for the airline-owned ticket site were
understaffed for the demand that greeted its launch Monday, a
fiber-optic cable failed in Chicago, slowed operations and the
site went off  line Wednesday night for upgrades, according to
The Wall Street Journal. "The deluge of customers really has
exceeded our expectations," said Roland Jacobs, chief marketing
officer. The number of customer service agents will be doubled to
200, he said. CEO Jeffrey Katz announced that during the site's
three-month trial, it sold $4 million worth of tickets. Monday
and Tuesday it did $4.5 million in business, a level not expected
until late July.

-----------------------------------------------------------------
Napster, the movie

Liberty Media Group's Starz Encore unit is working on a movie
about Napster. A spokesman for the movie programmer confirmed
discussions are under way, Reuters reported. However, there is no
commitment for production of a movie, yet. A Los Angeles-based
writer is developing a screenplay for the project, and has been
interviewing people who have been associated with the company and
its founder Shawn Fanning. He called his song-swapping program
Napster, which was his nickname in high school because of his
curly hair.

Napster said Thursday it has contracted with Loudeye Technologies
to protect copyrighted music downloaded from the service. Loudeye
provides digital "fingerprints" for files, and will be part of
Napster's effort to remove copyrighted content from its service.
"Loudeye's fingerprints and metadata will ultimately help us
track millions of unique music files on our service, so we can
fulfill our commitment to compensate artists, songwriters, music
publishers and record companies," said Napster CEO Hank Barry.

-----------------------------------------------------------------
Net pharmacy sales to be probed

A House of Representatives committee will investigate the risks
of imported pharmaceuticals. Among witnesses to be heard are the
parents of Todd Rode of Athens, Ga., who died after taking drugs
he ordered online. Other witnesses scheduled to testify before
the Energy and Commerce Oversight and Investigations subcommittee
include several drug company executives and a representative from
the White House Office of National Drug Control Policy.

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

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Matt Khourie's mother Lila Van Orden passed away on Friday, September 28,
2001. Memorial service will be held on Wednesday, October 3, at 11:00 a.m.
at St. John's Episcopal Church, 14 Lagunitas Road, Ross, California 94957.
For those who want to send flowers, they need to arrive at the church by
9:30 a.m. on Wednesday. In lieu of flowers, the family has requested
donations be made to the Multiple Sclerosis Society, 150 Grand Avenue,
Oakland, CA 94612 in memory of Lila Van Orden.

Our thoughts and prayers are with Matt and his family.

Jeff Hildebrand
Communication's Chair


Sunday at 3 pm will work.

Thanks,

Susan Pereira

Hermannpk@aol.com on 01/30/2001 07:16:59 PM
To: Susan.W.Pereira@enron.com
cc:
Subject: Re: Private lessons

Sorry about that! I've been sick and I guess I forgot. We had the show last
weekend so it was pretty hectic around here too.

This weekend, Sat or Sun at 3PM should be fine. Let me know which works for
you.
I don't want to promise too far in advance because of the erratic party
schedule.

Helen


When we spoke today I mentioned I was fine with April Storage as long as there
was nothing drastically wrong on your or my part. After being on vaca for a
few
days and realizing what went on, it appears we have overnominated for 3-4 days
for deliveries into storage. Let's talk about this as we do not want $5/dth
penalties.


Mr. Goldsmith -

At the request of Bob Shults and consistent with your e-mail to Bob, attached
are the documents for the BrokerClient products - the BETA and Fee Agreement.

If you should need anything further, please let either me or Bob know.

Mark
Senior Counsel, EWS
Phone:     713-345-8897
Facsimile: 713-646-3490
E-Mail:      Mark.Greenberg@enron.com


Winston and Jin,
for last half year the following developments were implemented by Jin for
vatrfacs code
(the calibration code for VAR):
1. Weighting the log-returns with exponential decay factor while calculating
correlations;
2. Calculating factors and correlations for UK curves;
3. Joint estimation of factor loading for selected groups of commodities;
4. Alternative method for collecting historical data for correlations
calculation
(based on fixed contract instead of collecting prompt, prompt+1, etc. prices)

In order to release these developments Research has to have each version under
Clearcase. Then we will:
1. Run  vatrfacs code in stage environment (stage has been refreshed
recently).
2. Run VAR code in stage and validate the results.

It is time to start releasing these 4 versions. Projects 3 and 4 require some
experimental runs
in stage. A few traders (in Gas, Power and Liquids markets) are expecting the
results.

Meanwhile the following developments have been suggested by Reseach, approved
by Risk Control,
submitted to IT as spreadsheet prototypes and waiting in line:
1. Volatility blending for intramonth power positions;
2. Forward volatility smoothing and extracting forward forward volatilities;

Hope we can follow our procedures to make all these developments go smoothly
and efficiently.

Tanya.


To make use of office supplies that have been left at vacated workspaces, Enron Property and Services Corp is asking for your assistance.  EPSC will remove extra supplies from identified areas and place in a central location where they may be utilized by everyone.

Please identify areas in your business units that have been vacated and can be checked by EPSC.  Once areas have been idenitified please call the Help Desk at x36300, option 2.

To obtain office supplies that have been accumulated by EPSC, please email your needs to the following address:
Facilities Help Desk 1.
You will be contacted about available items. If you have any questions please call Richard Hensch at x35522.


Jason,

You should know what these terms mean.

Let's get both.

Vince

	From:  Jason Sokolov                           01/29/2001 03:52 PM

To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: Re: CalPX power prices

???
---------------------- Forwarded by Jason Sokolov/HOU/ECT on 01/29/2001 03:52
PM ---------------------------

	Enron North America Corp.

	From:  Maria Van Houten                           01/29/2001 11:35 AM

To: Jason Sokolov/HOU/ECT@ECT
cc:
Subject: Re: CalPX power prices

Jason,

Are you looking for CalPX hour ahead UMCP or CalPX hour ahead zone prices?
We have hour ahead zone price data from 10/1/98 - current and hour ahead UMCP
from 11/6/2000 onward.
Maria V.H.

	From:  Jason Sokolov                           01/26/2001 09:17 AM

To: Maria Van Houten/PDX/ECT@ECT
cc:
Subject: CalPX power prices

Maria,

I am looking for historical hourly real-time (spot) power prices for CalPX.
Can you help me to locate them?

Jason Sokolov


Please see Elizabeth's e-mail below.

 -----Original Message-----
From: 	Sager, Elizabeth
Sent:	Wednesday, October 31, 2001 10:19 AM
To:	Heard, Marie
Subject:	Master Netting Agreements Reminder

Reminder - If you are working on a Master Netting Agreement, you also need to understand what type of entities are being included in the netted group.  On the power side, there are regulatory restrictions on a regulated utility from becoming a guarantor of the debts of unregulated companies;  accordingly,  an MNA with a regulated utility and other unaffiliated parties on its side will not work, particularly if you are posting collateral on a fully netted basis.  In this case, the only option would be to keep the underlying margining agreements in place (no new global collateral annex) and have the MNA only be a cross default and acceleration and  possible setoff (just in case the money is going the right way and/or just in case it works).  Mary is working on a new draft of the MNA to be used if we are not superceding the underlying margining terms. Thanks

Elizabeth Sager
713-853-6349


-----Original Message-----
From:  Ornelas, Bianca
Sent: Tuesday, March 13, 2001 1:20 PM
To: Mulvany, Patrick
Subject: Deutsche Bank/BT

---------------------- Forwarded by Bianca Ornelas/NA/Enron on 03/13/2001
01:19 PM ---------------------------

	  From:  Bianca Ornelas                           02/09/2001 09:47 AM

To: Anne Bike/Corp/Enron@Enron, Carole Frank/NA/Enron@ENRON, Jason
Wolfe/NA/Enron@ENRON, Denver Plachy/NA/Enron@Enron, Jody
Crook/Corp/Enron@ENRON, Patrick Ryder/NA/Enron@Enron, Kyle R
Lilly/HOU/ECT@ECT, Jeff Royed/Corp/Enron@ENRON, Victor
Guggenheim/HOU/ECT@ECT, Bruce Mills/Corp/Enron@ENRON, Andres
Balmaceda/NA/Enron@ENRON, Souad Mahmassani/Corp/Enron@ENRON, Sherry
Dawson/NA/Enron@Enron, Laura Vargas/Corp/Enron@ENRON, Amy
Cavazos/NA/Enron@ENRON, Luchas Johnson/NA/Enron@Enron, Liz
Hillman/Corp/Enron@Enron, Susan M Scott/HOU/ECT@ECT, Kimat
Singla/HOU/ECT@ECT, Ryan O'Rourke/ENRON@enronXgate, Ellen
Wallumrod/NA/Enron@ENRON, Jean Bell/HOU/ECT@ECT, Patrick
Mulvany/ENRON@enronXgate, Bianca Ornelas/NA/Enron@Enron, cc: Larry Joe
Hunter/HOU/ECT@ECT, Jeffrey C Gossett/HOU/ECT@ECT, Errol
McLaughlin/Corp/Enron@ENRON, Kam Keiser/HOU/ECT@ECT, Phillip M
Love/HOU/ECT@ECT, Darron C Giron/HOU/ECT@ECT, David Baumbach/HOU/ECT@ECT
cc:

Subject: Deutsche Bank/BT

Per this email,  The counterparty Deutsche Bank is no longer BT.  It's short
name is now DEUTSCHEBANAKT.

Please feel free to call me, if you have any questions @ 53877.

Thanks for your time.

Patrick
---------------------- Forwarded by Bianca Ornelas/NA/Enron on 02/09/2001
09:32 AM ---------------------------

	Enron North America Corp.  From:  Larry Joe Hunter @ ECT
     02/08/2001 05:17 PM

To: Bianca Ornelas/NA/Enron@Enron
cc:

Subject: Aquila / EOL

---------------------- Forwarded by Larry Joe Hunter/HOU/ECT on 02/08/2001
05:16 PM ---------------------------

  From:  Russell Diamond
       02/08/2001 04:38 PM

To: Carol St Clair/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Tom
Moran/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT, Larry Joe Hunter/HOU/ECT@ECT
cc:
Subject: Aquila / EOL

GOOD NEWS:

It is a go!!!

-  Per Susan Bailey, we have received executed docs from Aquila and plan to
have the assignment effective tomorrow.  In addition, EOL is all set up so
all financial trading should occur out of Aquila Risk Management beginning
tomorrow.

Thanks for everyone's help !!

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 02/08/2001
04:31 PM ---------------------------

  From:  Russell Diamond
       02/08/2001 02:14 PM

To: Carol St Clair/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Susan
Bailey/HOU/ECT@ECT, Tanya Rohauer/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Walter Guidroz/NA/Enron@Enron, Tom
Moran/HOU/ECT@ECT, Anthony Campos/HOU/ECT@ECT
cc:
Subject: Aquila / EOL

Good News/Bad News

Good News (First):
Aquila, with much help from our EOL group, has set up all of their users to
begin trading tomorrow.

Bad News:
At this time, we have not received the executed assignment from Aquila.  I
just spoke to Angela (their contracts person) who told me their VP has yet to
sign the assignment.  Until we get the docs in, Utilicorp will continue to be
the counterparty.

I will keep you all updated.

Russell

---------------------- Forwarded by Russell Diamond/HOU/ECT on 02/08/2001
02:06 PM ---------------------------

  From:  Russell Diamond
       02/08/2001 10:45 AM

To: Mark Taylor/HOU/ECT@ECT, John Arnold/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT,
Susan Bailey/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT, Lisa Lees/HOU/ECT@ECT,
Stephanie Sever/HOU/ECT@ECT, Karen O'Day/NA/Enron@Enron, Walter
Guidroz/NA/Enron@Enron, Tanya Rohauer/HOU/ECT@ECT, Anthony
Campos/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT
cc: Veronica Espinoza/Corp/Enron@ENRON, Edward Sacks/Corp/Enron@Enron, Tracy
Ngo/PDX/ECT@ECT, Wendi LeBrocq/Corp/Enron@Enron, Rudwell
Johnson/NA/Enron@ENRON, Darren Vanek/NA/Enron@Enron, Jason R
Williams/NA/Enron@ENRON, Paul Radous/Corp/Enron@ENRON, Wendy
Conwell/NA/Enron@ENRON, Veronica Gonzalez/HOU/ECT@ECT, Brant
Reves/HOU/ECT@ECT
Subject: Aquila / EOL

To All:

As most of you all know by now, Utilicorp is assigning their ISDA to Aquila
Risk with a proposed effective date of tomorrow Friday, Feb 9.  My concern
with this is if the ISDA is executed with an effective date of Feb 9, then we
are not going to be able to trade financially out of Utilicorp including
EOL.  They are having trouble setting up/transferring their EOL users,
although I have been assured by my Credit contact and the Contract Person at
Aquila that the assignment is still going to be executed with this effective
date.  If this is the case, then tomorrow Utilicorp will be shut down on EOL
and if they have not set Aquila Risk up correctly, they will not be able to
trade on EOL at all financially. I have notified my contacts of this scenario
and they are comfortable with this.

I will keep you all updated as I hear more throughout the day.

Russell


The following expense report is ready for approval:

Employee Name: Rabi S. De
Status last changed by:  Automated Administrator
Expense Report Name: CFA  Expenses
Report Total: $297.69
Amount Due Employee: $297.69

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


The Energy and Air Quality Subcommittee meet for almost six hours today and
approved an amended version of H.R. 1647, Chairman Barton's emergency
legislation to aid California, by a 17-13 party line vote.  The full Energy
and Commerce Committee may take it up as early as next week (probably
Thursday, May 17th).

The Subcommittee DEFEATED an amendment by Rep. Waxman (D-CA) to impose
wholesale price caps for 18 months.  The amendment was defeated 12-20 with
all Republicans voting against, including the three from California and Rep.
Greg Walden (R-OR), who while seen as the last to decide to oppose the price
cap amendment, was the most forceful and articulate in opposition to the
amendment.  Also voting "NO" were Democratic Reps. Ralph Hall (D-TX) and
Chris John (D-TX), with which we had met in recent days.  The final vote
tracked our whip count going into the meeting.

Rep. Albert Wynn (D-MD) offered and withdrew an amendment to delete the
"negawatts" provision.  There was bipartisan criticism that while the concept
made sense, there were potential problems in terms of possible games playing,
including end users being able to sell power while not actualy reducing their
normal power levels.  Another member said that electric coops that are
required to sell at cost could have customers then go out and resell that
power and make a lot of money.  Several Members said businesses could shut
down, put workers out of work and become energy marketers and make more
money.  Chairman Barton made a forceful defense of negawatts.  While the
amendment to strike was deleted, we will need to respond to these criticisms
and shore this up before full committee next week.  There will be another
attempt to delete at full committee unless these concerns are addressed in an
amended version.

Ranking Democrat Rick Boucher (D-VA) offered and withdrew an amendment to
reinstate FERC maximum prices for the secondary transmission market, thus
reversing the Feb. 2000 FERC order.  This woudl last for 18 months.
Chairman  Barton said he agreed with Boucher that there is a problem with
what appear to be high gas transmission rates to California, but he disagrees
with the proposed remedy.  He pledged to work with Boucher before Full
Committee mark-up. We are obtaining a copy of this amendment and should
analyze it ASAP for its potential impact on Enron operations.

Rep. Ed Markey (D-MA) offered and withdrew an amendment to impose a series of
new tests to be administered by FERC all with the goal of discouraging spot
market transactions, or at least what he would define as excessive use of the
spot market, and at the same time encourage "deep bilateral mechanisms."  The
mechanisms included a "market balance test" that would say only sellers with
a commitment to the long term market could sell in the spot market at
unregulated rates and "spot market circuit breakers" that would be triggered
when reserves are low in a given market.  Chairman Barton said he likes the
concept of a spot market circuit breaker, but felt that the amendment was too
complicated to be evaluated today.  We will also pursue an analysis of this
amendment since it will likely be offered again in some form.

Mr. Markey also offered and withdrew a "net metering" proposal that would
establish federal interconnection standards for individual consumers who
would want to use fuel cells and other renewable technology to put power onto
the system.  It was interesting that those who opposed negawatts spoke
favorably of net metering even though they are complementary.

The subcommittee by voice vote adopted a Walden Amendment to strike the
section of the bill that would have required an RTO if 10 of the western
governors approved it.  The debate was pro-RTO but the rationale for deleting
the provision is that one is already being formed and Members from those
states did not want to upset the work already under way.

A series of other amendments on other matters were offered and withdrawn,
none of which relate to our activities.


Mike/Jeff,

Jeremy will be sending you the updated internal deal list to give you a feel for the types of things we are working on and where we stand.  We'd like to discuss this further with you.  I think you will see from the types of transactions and the relative value that the 2002 plan numbers are not unrealistic.  However, in order to achieve these numbers will require some strong support from Houston and additional expat staff.  We have focused on reasonableness of the size of transactions that we are seeing to date and what we would additionally plan to see.  We have also focused on trying to do more with less (Sato proposition) and shooting for just north of break even.  Additionally, I am under the belief that you are stretching all of the groups and anything less than covering costs would not be acceptable.  While Sato would not be required to achieve these numbers, it would certainly be easier with them.  (... don't mean for this to be interpreted that we should have higher numbers with Sato...).

Sato:
We'd like to set a time to speak with you about Sato MOU your Thursday (our Friday).  Our 0730 is your 1730.  Would this work for you?

Joe


713 503 3466 is the correct number.  Have a great day.

"James R. McCord" <jrmccord@insync.net> on 12/07/2000 12:58:15 PM
To: "Scott Neal" <sneal@ect.enron.com>
cc:
Subject: Cell numbers

Scott:

I just got a new cell phone, and I'm entering everyone's numbers.  I realize
that I have two cell numbers for you:  713-503-3466 and 713-203-4029.  Is
one of these Carol's, or is it an old number?

James McCord
MC5 Operating Group
10655 Richmond Ave., Suite 180
Houston, TX 77042
Tel: 713-785-4141
Fax: 713-361-0470

"Until you know that life is interesting
--and find it so--
you haven't found your soul."

Geoffrey Fisher, Archbishop of Canterbury


This request has been pending approval for  9 days and you are the alternate.  Please click http://itcapps.corp.enron.com/srrs/auth/emailLink.asp?ID=000000000078936&Page=Approval to review and act upon this request.

Request ID          : 000000000078936
Approver            : sandeep.kohli@enron.com
Request Create Date : 12/11/01 10:28:02 AM
Requested For       : dean.laurent@enron.com
Resource Name       : \\enehou\houston\common\Research - [Read]
Resource Type       : Directory


Would you research this please?

Thanks

---------------------- Forwarded by Chris Germany/HOU/ECT on 03/15/2000 09:54
AM ---------------------------

bperron@columbiaenergygroup.com on 03/15/2000 09:07:58 AM
To: " - *Chris.Germany@enron.com" <Chris.Germany@enron.com>
cc:
Subject: Capacity Offer

I was asked to forward this to you.
---------------------- Forwarded by Brian Perrone/CES/ColumbiaGas on
03/15/2000
10:06 AM ---------------------------

KIM NOVSEK BIZIK
03/15/2000 09:58 AM

To: Doug Kinney/CES/ColumbiaGas@ColumbiaGas, Brian
Perrone/CES/ColumbiaGas@ColumbiaGas
cc:
Subject: Capacity Offer

Doug and Brian,  can you forward this to Chris Germany.

---------------------- Forwarded by Kim Novsek Bizik/CES/ColumbiaGas on
03/15/2000 09:57 AM ---------------------------

afilas@keyspanenergy.com on 03/15/2000 09:51:09 AM
Please respond to afilas@keyspanenergy.com

To: lverona@hess.com, jschiavi@hess.com, Sharonbaker@williams.com,
Michael_Jessup@vapower.com, Duane_Blackowell@vapower.com,
Darren_Angerman@transcanada.com, Mccarwh@texaco.com, Johns00@texaco.com,
Carlnunziato@southernenergy.com, Vincent.tennariello@pseg.com,
Tjcrupi@papl.com, Bryan.Frey@gen.pge.com, CSB@ptrcom.com,
Tracey-Barnett@PerryGas.com, Kholub@PCEnergy.com, CFrezza@NUI.com,
NAU87@aol.com, JBurgess@Noblegas.com, GBBarth@njng.com, SILBER2D@KochiND.com,
SandyRengel@engageenergy.com, Tony.Muscarello@CESOURCE.com, JTOZZ@aol.com,
CKROG98@aol.com, JFoard@Coral-energy.com, KMLI@Dynegy.com, CJWA@Dynegy.com,
MarkG@Cook-Inlet.com, Rob.Gennarini@conectiv.com, MAOtters@utilicorp.com,
pegarner@duke-energy.com, maureen.smith@enron.com, dmueller@sempratrading.com,
tracy.wood@pgees.com, tcampo@njne.com, supply@castlepower.com,
sjfuel@mindspring.com, saulh@econnergy.com, rperez@allenergy.com,
rdauria@reliantenergy.com, quartiersm@nmenergy.com, pbaratz@totalnrg.com,
mnaeser@naenergy.com, metroenergy@worldnet.att.net, mcasas@statoilenergy.com,
marci.mansfield@pgees.com, lsmorris@MetromediaEnergy.com, Kim Novsek
Bizik/CES/ColumbiaGas@COLUMBIAGAS, kmgorden@duke-energy.com,
jneubauer@naenergy.com, jlupdale@metromediaenergy.com,
jgarofalow@castlepower.com, jbutkus@UtiliCorp.com, james.breslin@pseg.com,
intenergy@aol.com, energon@aol.com, cruikshankk@conedsolutions.com,
clombardi@advanix.net, ceine@aol.com, cbender22@aol.com,
tkain@worldnet.att.net, jcrowley@sempratrading.com
cc:
Subject: Capacity Offer

Attached is a capacity offer being made by Brooklyn Union of New York
(formerly Brooklyn Union).

If you experience any difficulty opening the attached file, or have any
questions pertaining to the offer, please call me at (718) 403-2981.

All bids must be faxed to  (718) 643-6306 no later than the specified
date on the attachment.

 - Offer


FYI,

My message to RISK.

Vince

---------------------- Forwarded by Vince J Kaminski/HOU/ECT on 06/28/2000
05:44 PM ---------------------------

Vince J Kaminski
06/05/2000 08:04 AM
To: Conrad Gardner <conrad@risk.co.uk> @ ENRON
cc: Vince J Kaminski/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Daniel
Diamond/HOU/ECT@ECT
Subject: Re: Enron site/MEPR2

Conrad,

Thanks for your message.

There are 3 papers Enron contributed to the last MEPR.

There is also another paper on electricity I contributed to the "red book" on
US
power markets, as well as a paper or credit risk management, and a paper
on weather derivatives. All these papers included in other RISK books were
written by Enron
employees.

We would like them included as well, if technically possible.

I think that offering other energy related books through our site, in
addition to MEPR2,
is fine, but I would leave the decision to Dan Diamond, who is responsible
for the project.

Vince

Conrad Gardner <conrad@risk.co.uk> on 06/05/2000 07:08:36 AM
To: Vince.J.Kaminski@enron.com
cc:
Subject: Enron site/MEPR2

>Date: Mon, 05 Jun 2000 13:02:02
>To: Vince Kaminski
>From: Conrad Gardner <conrad@risk.co.uk>
>
>Dear Vince
>
>Thanks for the call and email on Friday. I will contact Masuyuki and follow
it from there.
>
>Regarding the Enron site, I think it is absolutely fine to put up the two
Enron chapters (I'll provide pdfs), and prevent any customer leakages from
your site by the use of "submit" buttons. As mentioned, I'll offer a 20%
discount on MEPR2 to customers but would you be interested in some of other
energy titles? - Please let me know.
>
>Many thanks
>
>Conrad Gardner
>
Head of Book Publishing
Risk Books
Haymarket House
28-29 Haymarket
London
SW1Y 4RX
Direct tel: +44 (020) 7 484 9750
Main tel:+44 (020) 7 484 9700
Fax: +44 (020) 7 484 9758
e-mail: Conrad@risk.co.uk
www.riskpublications.com


Congratulations Sally!   I kept looking at your PEP profile for updates to
see if your promotion had been confirmed and I was happy for you when I
noticed the promotion had been finalized.
hgm
---------------------- Forwarded by Hector McLoughlin/Corp/Enron on
01/15/2001 08:14 AM ---------------------------

	From:  Office of the Chairman                           01/12/2001 07:31 PM

Sent by: Office of the Chairman
To: All Enron Worldwide
cc:

Subject: Managing Director and Vice President Elections

The Managing Director PRC Committee met this week to elect individuals to
Managing Director and Vice President positions.  These employees are
recognized as outstanding contributors to the organization, whose individual
efforts have been instrumental in the continued success and growth of the
company.  We are pleased to announce the election of the following new
Managing Directors and Vice Presidents.  Please join us in congratulating
these individuals on their new appointments.

Managing Director ) Commercial

Phillip K. Allen, ENA (EWS) West Gas Trading - Houston
Franklin R. Bay, EBS Entertainment on Demand - Houston
Timothy N. Belden, ENA (EWS) ) West Power Trading - Portland
Michael R. Brown, EEL ) Executive - London
Christopher F. Calger, ENA (EWS) West Power Origination - Portland
Joseph M. Deffner, ENA (EWS) Treasury & Funding - Houston
Timothy J. Detmering, ENA (EWS) Corporate Development - Houston
William D. Duran, ENA (EWS) Generation Investments - Houston
Robert S. Gahn, EES Commodity Structuring - Houston
Kevin C. Garland, EBS Broadband Ventures - Houston
Ben F. Glisan, Jr., Corporate ) Global Equity Markets - Houston
Robert E. Hayes, ETS COMM Marketing - Houston
Phillip R. Milnthorp, ENA (EWS) Canada Origination & Trading - Calgary

Managing Director ) Commercial Support

Sally W. Beck, ENW (EWS) Energy Operations Management - Houston
Fernley Dyson, EEL Finance & Support Services - London

Vice President ) Commercial

Gregory Adams, EES MMC Management - Houston
Robert Bayley, EEL-UK Origination ) London
Jack D. Boatman, ETS Market Development ) Houston
Rhenn Cherry, EES Assets/Labor ) Houston
Niamh Clarke, EGM (EWS) Liquids Trading ) London
Peter Crilly, EEL-UK Origination ) London
Derek J. Davies, ENA (EWS) Canada Origination ) Calgary
Mark D. Davis, Jr., ENA (EWS) East Power Trading ) Houston
Charles Delacey, Corporate Finance ) Houston
Paul Devries, ENA (EWS) Canada Origination ) Toronto
Christopher H. Foster, ENA (EWS) West Power Trading ) Portland
Jeffrey F. Golden, EES Corporate Development ) Houston
Michael D. Grigsby, ENA West Gas Trading Group - Houston
Troy A. Henry, EES Bundled Sales-Heavy Industrial ) Houston
Rogers Herndon, ENA (EWS) East Power Trading ) Houston
James W. Lewis, EES Underwriting ) Houston
Christopher Mahoney, EGM (EWS) Liquids Trading ) London
Andrew Marsden, EBS Broadband Ventures ) London
John McClain, EBS Broadband Wholesale Origination ) Houston
Kevin J. McGowan, EGM (EWS) American Coal ) Houston
Albert E. McMichael, Jr., ENA (EWS) Gas Commodity Structuring ) Houston
Ermes I. Melinchon, Central America Origination ) Houston
Steven R. Meyers, EES Consumption ) Houston
Lloyd D. Miller, ENA (EWS) Portfolio Management ) Houston
Michael A. Miller, Wind Development / Execution-General Administration )
Houston
Marcello Romano, EBS EEL-Broadband Trading ) London
David A. Samuels, ENW (EWS) EnronOnline - Houston
Per A. Sekse, EGM (EWS) Global Risk Markets ) New York
Edward S. Smida, EBS Video on Demand ) Houston
Mark Tawney, EGM (EWS) Weather Trading ) Houston
Jon Thomsen, EBS Business Development ) Latin America/Canada ) Portland
Barry L. Tycholiz, ENA (EWS) West Gas Origination - Houston
Frank W. Vickers, ENA (EWS) East Gas Origination ) Houston
Amit Walia, Corporate, Corporate Development ) Houston
William White, EBS Global Bandwidth Risk Mgmt ) Houston
Jonathan Whitehead, EEL EA Trading ) Japan
Mark Whitt, ENA (EWS) West Gas Origination ) Denver
John A. Zufferli, ENA (EWS) Canada Power Trading - Calgary

Vice President ) Commercial Support

Beth Apollo, EEL Financial Operations Executive ) London
Marla Barnard, EBS Human Resources ) Houston
Karen L. Denne, Corporate, Public Relations ) Houston
Georganne M. Hodges, ENA (EWS) Trading, Origination & Power Plant Accounting
) Houston
Phillip Lord, EEL Transaction Support ) London
Peggy Mahoney, EES Marketing ) Communication ) Houston
Steven Montovano, Corporate, Government & Regulatory Affairs ) Dublin
Laura Scott, ENA (EWS) Canada Accounting ) Calgary
Richard C. Sherman, ENA (EWS) Transaction Support ) Houston
Gregory W. Stubblefield, EES Financial Planning & Reporting ) Houston
Dennis D. Vegas, CALME International Public Relations ) Houston

Vice President ) Specialized Technical

Sami Arap Sobrinho, ESA (EWS) Legal ) Houston
Merat Bagha, EBS Sales Engineering ) Houston
Justin Boyd, EEL Legal ) London
Mary Nell Browning, EBS Legal ) London
Jonathan Chapman, EEL Legal ) London
Robert D. Eickenroht, Corporate, Legal ) Houston
Mark Evans, EEL Legal ) London
David Forster, ENW (EWS) EnronOnline ) Houston
Janine Juggins, EEL Tax ) London
Peter C. Keohane, ENA (EWS) Canada Legal ) Calgary
Pinnamaneni V. Krishnarao, ENA (EWS) Research Group ) Houston
Travis C. McCullough, ENA (EWS) Finance Origination, Mergers/Acquisitions )
Houston
Michael Popkin, ESA (EWS) SA- Risk Management/Network Integration ) Houston
Elizabeth A. Sager, ENA (EWS) Physical Trading ) Houston
Richard B. Sanders, ENA (EWS) Litigation ) Houston
John W. Schwartzenburg, EECC Legal ) Houston
Michael D. Smith, EES Legal ) Houston
Marcus Vonbock Und Polach, EEL Legal ) London
Jay C. Webb, ENW (EWS) EnronOnline Systems ) Houston

Vice President ) Technical

Donald R. Hawkins, ETS Quality Management ) Houston
John R. Keller, ETS Engineering & Construction ) Houston


Shirley Vincent
152 Watchung Ave
Montclair, NJ 07043
fredshirley@earthlink.net

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,

Shirley Vincent


How is this coming?

> -----Original Message-----
> From: Nicas, William E.
> Sent: Monday, January 22, 2001 10:45 AM
> To: 'Eric.Gillaspie@enron.com'
> Cc: Michael.C.Bilberry@enron.com; Gerald.Nemec@enron.com
> Subject: RE: Oneida Field Amendment
>
> Management and Law have reviewed the attached amendment and are in
agreement with adding the point to the contract.  Please prepare originals
and send for execution. Thanks
>
>  -----Original Message-----
>  From: Eric.Gillaspie@enron.com [SMTP:Eric.Gillaspie@enron.com]
>  Sent: Tuesday, January 16, 2001 1:57 PM
>  To: william.e.nicas@exxon.com
>  Cc: Michael.C.Bilberry@enron.com; Gerald.Nemec@enron.com
>  Subject: Oneida Field Amendment
>
>  Bill,
>
>  Attached for your further handling, review, and comment is the Amendment to
>  that certain Interruptible Gas Purchase Agreement between Houston Pipe Line
>  Company and Exxon Company, USA dated October 4, 1996.
>
>  (See attached file: ExxonOneidaAmendment.doc)
>
>  Thanks,
>
>  Eric Gillaspie
>  713-345-7667
>  Enron Building 3886 << File: ExxonOneidaAmendment.doc >>


----- Forwarded by Tana Jones/HOU/ECT on 12/01/2000 04:13 PM -----

	Bradley Diebner
	12/01/2000 04:11 PM

		 To: Karen Lambert/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samuel
Schott/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Brant Reves/HOU/ECT@ECT, Debbie
R Brackett/HOU/ECT@ECT, David Hardy/LON/ECT@ECT, Lesli Campbell/HOU/ECT@ECT,
Cynthia Clark/Corp/Enron@ENRON, Mary G Gosnell/HOU/ECT@ECT, Enron Europe
Global Contracts and Facilities, Enron Europe Global CounterParty, Stephanie
Sever/HOU/ECT@ECT, Bradley Diebner/HOU/ECT@ECT, Stacey
Richardson/HOU/ECT@ECT, Tom Moran/HOU/ECT@ECT, Adnan Patel/Corp/Enron@ENRON,
Claudia Clark/HOU/ECT@ECT, William S Bradford/HOU/ECT@ECT, Lisa
Lees/HOU/ECT@ECT, Juana Fayett/Corp/Enron@Enron, Jana Morse/Corp/Enron@Enron,
Trang Le/HOU/ECT@ECT, Paul Maley/LON/ECT@ECT, Sonya Clarke/LON/ECT@ECT, Lee
Munden/LON/ECT@ECT, Tim Davies/LON/ECT@ECT, Karen O'Day/NA/Enron@Enron, Tanya
Rohauer/HOU/ECT@ECT
		 cc:
		 Subject: EOL Credit Responses 12/01/00

Regards,
bd


The following deals have been autoscheduled for 2/1/01

556553
556561

Let me know if this comes through on your report.

Thanks,
Kate


Veronica,
Attached is the Guaranty Amendment for Nicor Energy, L.L.C., which adds financial transactions to the existing guaranty.  Please copy Jim Hunt at Nicor (jhunt@nicor.com) on you message.  Once received from Nicor, the Amendment needs to be countersigned by ENA.  We will also need a copy for our files when fully executed.

Please call me if you have any questions.

Stephanie


-----Original Message-----
From: 	Lu, Zimin
Sent:	Friday, May 11, 2001 10:52 AM
To:	Lee, Bob
Cc:	Kaminski, Vince J.; Gibner, Stinson
Subject:	literature research on "Bid-Offer Spread"

Bob,
I used Econ search engin, searched 67 journals about "bid-offer spread" formation, and found
latest research on this subject.  Some abstracts are attached, it seems a lot of studies are already
done. Those titles are very relevent to us.

The address for the search engin is http://www.elsevier.nl/cgi-bin/cas/search/search.cgi?jrnlid=finec.  Could you find out how to become a member so that we can get these papers on line.

Zimin

-------- Search Results ------

Journal of Economic Dynamics and Control
Volume 21, Issue 8-9, 18-June-1997

J. Economic Dynamics And Control Vol. 21 (8-9) pp. 1471-1491
Copyright (c) 1997 Elsevier Science B.V. All rights reserved.
Order flow and the bid-ask spread: An Empirical Probability Model Of Screen-Based Trading
a Tim Bollerslev
b Ian Domowitz
c Jianxin Wang
a , Department of Economics, Rouss Hall, University of Virginia, Charlottesville, VA 22901, USA
, NBER, Cambridge, MA 02138, USA
b , Department of Economics, Northwestern University, Evanston, IL 60208, USA
c , School of Banking and Finance, University of New South Wales, Kensington, NSW 2033, Australia
Abstract
A probabilistic framework for the analysis of screen-based trading activity is presented. Probability functions are derived for the stationary distributions of the best bid and offer, conditional on the order flows. By identifying the unobservable order and acceptance flows, our estimation method permits the prediction of the stationary distributions of other market statistics. A test is proposed that allows a comparison of predicted and sample bid-ask spread distributions taking parameter estimation error into account. The methodology is applied to the screen-based interbank foreign exchange market, using continuously recorded quotes on the Deutschemark/US dollar exchange rate.
Keyword(s): Screen-based trading; Limit order book; Order flow; Bid-ask spreads; Statistical model evaluation; Foreign exchange quotations

Journal of Banking & Finance
Volume 18, Issue 1, 01-January-1994

J. Banking And Finance Vol. 18 (1) pp. 199-206
Copyright (c) 1997 Elsevier Science B.V. All rights reserved.
Variance increases following large stock distributions: the role of changing bid--ask spreads and true variances
a David R. Peterson
a Pamela P. Peterson
a , Florida State University, Tallahassee, FL, USA
Received 1 June 1992; Revised 1 December 1992
Abstract
In this study we examine two factors affecting variance increases following stock distributions: changing bid--ask spreads and the true variability of the underlying value of the firm. Employing data from the CRSP NASDAQ and NMS files, we find a relatively minor role for changing spreads. Increases in true variances are the major component of variance increases with changes in return autocorrelations playing an important role.
Keyword(s): Stock distributions ; Return variances ; Bid--ask spreads ; Return autocorrelations

Journal of Financial Markets
Volume 1, Issue 1, 30-April-1998

J. Financial Markets Vol. 1 (1) pp. 89-119
Copyright (c) 1998 Elsevier Science B.V. All rights reserved.
Bid--ask spreads with indirect competition among specialists
a Thomas Gehrig
b Matthew Jackson
a , Institut zur Erforschung der wirtschaftlichen, Entwicklung, Universit?t Freiburg, D-79085 Freiburg, Germany
b , Humanities and Social Sciences 228-77, California Institute of Technology, Pasadena, CA 91125, USA
Abstract
We examine the prices quoted by specialists (or dealers) who have monopoly power to set prices (bids and asks) for a given asset, but who face indirect competition from other specialists who trade in related assets. In the context of a simple model where investors have mean-variance preferences, we characterize the equilibrium bids and asks quoted by K specialists in N assets, where some specialists may control more than one asset. We compare the equilibrium spreads as the number (and factor structure) of the assets each specialist controls is varied. It is shown that for some constellations of initial portfolio holdings and asset covariance it is socially preferred to have competing specialists, while for others it is socially preferred to have their actions coordinated (or to have one specialist control several assets). In a simple factor model, we show how the optimal specialist control structure depends on whether the assets trade as substitutes or complements. In some situations it is beneficial to have specialist power concentrated within industries, in other situations, across industries, and in yet other situations, not to be concentrated at all. ? 1998 Elsevier Science B.V. All rights reserved.
JEL Classification: D43; G12

Journal of Financial Markets
Volume 2, Issue 2, 20-May-1999

J. Financial Markets Vol. 2 (2) pp. 179-191
Copyright (c) 1999 Elsevier Science B.V. All rights reserved.
Explaining the intra-day variation in the bid--ask spread in competitive dealership markets -- A research note
a Eric J. Levin
a b Robert E. Wright
a , Department of Economics University of Stirling, Stirling, Scotland FK9 4LA, UK
b , Centre for Economic Policy Research, 25-28 Old Burlington Street, London, England W1X 1LB, UK
Abstract
There are many possible explanations for variation in the inside bid--ask spread during the trading day, including informed trading, price inelastic market demand, price discovery, statistical artefact and market concentration. Each of these explanations is examined for consistency with respect to both the inside and average bid--ask spread, observed both inside and outside the mandatory quote period in the London Stock Exchange. ? 1999 Elsevier Science B.V. All rights reserved.
JEL Classification: G1
Keyword(s): Bid--ask spread; Competitive dealership markets

Journal of International Financial Markets, Institutions & Money
Volume 9, Issue 2, 01-April-1999

J. Int. Financial Markets Vol. 9 (2) pp. 115-128
Copyright (c) 1999 Elsevier Science B.V. All rights reserved.
Asymmetric information and the bid-ask spread: an empirical comparison between automated order execution and open outcry auction
a Jianxin Wang
a , School of Banking and Finance, University of New South Wales, , Sydney 2052, Australia
Received 1 April 1998; Accepted 1 September 1998
Abstract
This study examines the components of the bid-ask spread on the Sydney Futures Exchange. The Exchange uses open outcry auction for daytime trading, and switches to a screen-based automated order execution system at 16:30 h for overnight trading. After controlling for proxies of order flow characteristics, the study finds that screen-based traders are more sensitive to market volatility than floor-based traders in setting the bid-ask spread. Spreads from floor trading have a smaller adverse information component but a larger order processing cost component relative to screen trading. The results suggest that floor traders can better assess the presence of adverse information than screen traders.
? All rights reserved.
Keyword(s): Trading mechanism; Bid-ask spread; Information asymmetry

Journal of Financial Economics
Volume 53, Issue 2, 01-August-1999

Journal Of Financial Economics Vol. 53 (2) pp. 255-287
Copyright (c) 1999 Elsevier Science B.V. All rights reserved.
Limit orders and the bid--ask spread
Kee H. Chung
Bonnie F. Van Ness
Robert A. Van Ness
University of Memphis, Memphis, TN 38152, , , USA
Marshall University, Huntington, WV 25755, , , USA
Received 29 December 1997; Accepted 23 September 1998
Abstract
We examine the role of limit-order traders and specialists in the market-making process. We find that a large portion of posted bid--ask quotes originates from the limit-order book without direct participation by specialists, and that competition between traders and specialists has a significant impact on the bid--ask spread. Specialists' spreads are widest at the open, narrow until late morning, and then level off. The U-shaped intraday pattern of spreads largely reflects the intraday variation in spreads established by limit-order traders. Lastly, the intraday variation in limit-order spreads is significantly related to the intraday variation in limit-order placements and executions.
JEL Classification: G14
Keyword(s): Limit order; Bid--ask spread; Specialists

Journal of Economic Dynamics and Control
Volume 19, Issue 4, 01-January-1995

J. Economic Dynamics And Control Vol. 19 (4) pp. 683-710
Copyright (c) 1997 Elsevier Science B.V. All rights reserved.
Dealer market structure, outside competition, and the bid--ask spread
a Paul A Laux
a , Department of Banking and Finance, Case Western Reserve University, Cleveland, OH 44106-7235, USA
Received 1 November 1993; Accepted 1 April 1994
Abstract
We investigate the linkages between the number of dealers making markets in a security, the extent of outside (or nondealer) competition, and the market bid--ask spread for NASDAQ NMS stocks. The investigation is guided by a model that emphasizes dealers' interactions as their inventories change, and predicts that the extent of outside competition limits the bid--ask spread and the number of dealers. We hypothesize that the extent of outside market making capital in a stock is related to that stock's institutional holdings. Evidence shows that the extent of institutional holdings relative to trading volume proxies for outside competition. For stocks with little outside competition, the spread is large even though the number of dealers is also larger than for comparable stocks. The component of the spread related to outside market making capital is economically significant (about (1)/(2) to 1 percent of price). The composition of volume as to trade size and trade frequency, which is related to the level of institutional holdings, also influences the spread.
Keyword(s): Bid--ask spread; Nasdaq; Institutional investors; Market microstructure
JEL Classification: G12


Antonio,

I am John Griffith, I sit next to Mike Maggi and John Arnold, my yahoo messenger address is johngriffith65.  Send me info whenever you need.  Thanks.

By the way my phone number is 713-853-6247.

Thanks.

John


Attached please find all graphs and corresponding notes from this morning's meeting.

Please give me a call with any questions.

Regards,
Melissa Jones
Enron North America
(713) 853-7960
(713) 503-7537 - mobile


Christine:

My apologies.  My schedule melted down after we talked on Monday.  Here's
where folks came out.  There's some concern about size.  We're supposed to be
no larger than 3, but we lobbied Aceves and he apparently Ok'd our
"oversized" group.  The other folks in the group--who talked to him
originally--are pretty sure that five will violate the rules.  Folks wondered
if there were other groups that are smaller than ours that you could hook up
with.  Sorry about that---it's a wrinkle that I didn't think about when we
spoke.  If it gets real ugly trying to find a smaller group, let me know.
Fortunately there's not another team case due for two weeks.

Best,
Jeff


Did you get to check on lunch plans for Thursday or Friday next week with
directs?  This looks like it could conflict.
---------------------- Forwarded by Sally Beck/HOU/ECT on 12/07/2000 07:08 PM
---------------------------

	From:  Joel Henenberg @ ENRON                           12/07/2000 11:52 AM

To: Sally Beck/HOU/ECT@ECT, Bob M Hall/NA/Enron@Enron, Peggy
Hedstrom/CAL/ECT@ECT, Brenda F Herod/HOU/ECT@ECT, Leslie Reeves/HOU/ECT@ECT,
Stacey W White/HOU/ECT@ECT, Scott Mills/HOU/ECT@ECT, James
Scribner/Corp/Enron@Enron, Mary Solmonson/HOU/ECT@ECT, Sheri
Thomas/HOU/ECT@ECT, Shona Wilson/NA/Enron@Enron, Brent A Price/HOU/ECT@ECT,
Jeffrey C Gossett/HOU/ECT@ECT
cc: Vanessa Schulte/Corp/Enron@Enron, Richard C McKeel/HOU/ECT@ECT, David
Bateman/Corp/Enron@Enron, Thomas Araujo/Corp/Enron@ENRON
Subject: Invitation

Invitation

Please join Strategic Information Management on December 15, 2000, 11:30 -
1:30, 32c2 for lunch, at which time we will have an open discussion covering:
projects in progress, recently implemented projects, standards and
technologies we are looking at.

Agenda:

Lunch: 11:30 - 12:00

Introduction: (12:00 - 12:10)
  Joel Henenberg

Projects Underway, Recent Implementations and New Initiatives: (12:10 - 12:50)
EnTelligence, MKM, Rates, Global, Livelink/iRIMS, OPM, and more
Presenters: Vanessa Schulte, Richard McKeel, David Bateman

Technology Review: (12:50 - 1:00)
  Presenter: Joel Henenberg

MKM Demo: (1:00 - 1:15)
  Presenter: Thomas Araujo

Questions and Answers: (1:15 - 1:30)

Lunch is being served, please RSVP by Wednesday, December 13, Marvia
Jefferson 39165.


One more favor.  I'm arranging for a car to collect Greg & Mary Whalley on
Sunday, Oct. 15.  Can you give me the tail # of that plane?  It helps the
driver so very much.

Many Thanks,

Liz

"MARCELA WHITE" <JETCHART@TAVAERO.COM> on 10/09/2000 04:16:33 PM
To: <Greg.Whalley@enron.com>
cc:
Subject: Re: Liz

We got it, thank you.  Everything is set.
----- Original Message -----
From: <Greg.Whalley@enron.com>
To: <JETCHART@TAVAERO.COM>
Sent: Monday, October 09, 2000 1:58 PM
Subject: Re: Liz

>
> Marcela,
>
> I faxed it this morning.  Have you still not received?
>
> Liz
>
>
>
>
> "MARCELA WHITE" <JETCHART@TAVAERO.COM> on 10/09/2000 11:03:10 AM
>
> To:   <Greg.Whalley@enron.com>
> cc:
> Subject:  Liz
>
>
>
> Liz:
> Did you get my credit card form? As soon as you get a  chance could you
> complete it and return to me via fax. Thank you. I  need this prior to
> the trip departing this week. Thank you,  Marcela
>
>
>
>


That will be fine