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generosity of mind

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win and praising her opponent's skill.

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a word, it's an indicator of something alive, lively, or
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opposite of pettiness. A truly magnanimous person can lose
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can sometimes be resolved when one side makes a magnanimous
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Chris:

Assuming you can get comfortable with a percentage MMBtu enhancement from someone like Garry Wilson (the only one I would trust) I would suggest a method that would reflect more than the spread.  The way I look at this is that the liquids that are picked up in the gas stream as you withdraw from storage is an unaccounted for gain.  As such, if the MMBtu enhancement percentage was 1% I would use a withdrawal volume of 101% of the injection volume.  We have to realize that in order to recognize this in the real world, the Accounting Group would have to implement Accounting procedures that would try to capture this value also.  Because under normal Accounting procedures for storage, barring completely emptying the facility of gas before refilling, this gain would merely remain in the ground with the remaining inventory.  Accounting would have to recognize the difference between the MMBtu factor on the gas withdrawn and the average MMBtu factor of the gas injected as a gain.  We still need to live within the physical capacity constraints This method more appropriately represents what you are gaining but increases your risk if the MMBtu enhancement percentage you use is too high!  I would appreciate being kept informed of what MMBtu enhancement percentage is used and how it is put in the model.

	Jim
 -----Original Message-----
From: 	Cramer, Chris
Sent:	Thursday, November 15, 2001 9:07 AM
To:	Schwieger, Jim
Cc:	Boyt, Eric
Subject:	MMBtu Enhancement

Hi Jim,

I'm still working on the modelling of the Kathleen Ann storage and one of the issues I need to account for is mmbtu enhancement. How would you suggest I account for this? Currently, to get the the intrinsic storage value, I take the max working gas capacity times the may/jun - dec spread over the curve. One idea is to just take the incremental mmbtus times the spread as well -- although this wouldn't account for the physical capacity contraints, it would put a value on the enhancement.

Thanks,

cjc


---------------------- Forwarded by Eric Bass/HOU/ECT on 12/08/2000 12:56 PM
---------------------------

"Larry W. Bass" <lwbthemarine@bigplanet.com> on 12/08/2000 12:48:35 PM
To: KATHY BASS <daphneco64@bigplanet.com>, kb <daphneco64@yahoo.com>, jason
<jason.bass2@compaq.com>, eric preston bass <Eric.Bass@enron.com>
cc:
Subject: Fw: (no subject)

----- Original Message -----
From: <RMSSVS@aol.com>
To: <blake_veal_2000@yahoo.com>; <CC0NN@aol.com>; <dldegen@flash.net>;
<Janetgveal@aol.com>; <fundrzer@att.net>; <JOMcRae@aol.com>;
<mgalloway2@austin.rr.com>; <melinda@corridor.net>; <Fhp217@aol.com>
Sent: Thursday, December 07, 2000 12:45 PM
Subject: (no subject)

> In a message dated 12/7/00 9:58:03 AM Eastern Standard Time, Charnet222
> writes:
>
> <<
>  << This is a simple way to a nice calm happy life!
>   > > > > > This is nice reading, but short. Enjoy! This is
>   > > > > what
>   > > > > > The Dalai Lama has to say on the millennium. All
>   > > > > it takes is a few
>   > > > > > seconds to read and think it over. Do not keep
>   > > > > this message. The mantra
>   > > > > > must leave our hands within 96hours. You will
>   > > > get
>   > > > > a very pleasant
>   > > > > > surprise. This is true even if you are not
>   > > > > superstitious.
>   > > > > >
>   > > > > > I N S T R U C T I O N S  F O R  L I F E
>   > > > > >
>   > > > > > 1. Take into account that great love and great
>   > > > > > achievements involve great risk.
>   > > > > >
>   > > > > > 2. When you lose, don't lose the lesson.
>   > > > > >
>   > > > > > 3. Follow the three R's:
>   > > > > >       Respect for self
>   > > > > >       Respect for others and
>   > > > > >       Responsibility for all your actions.
>   > > > > >
>   > > > > > 4.Remember that not getting what you want is
>   > > > > > sometimes a wonderful stroke of luck.
>   > > > > >
>   > > > > > 5. Learn the rules so you know how to break them
>   > > > > > properly.
>   > > > > >
>   > > > > > 6. Don't let a little dispute injure a great
>   > > > > > friendship.
>   > > > > >
>   > > > > > 7. When you realize you've made a mistake, take
>   > > > > > immediate steps to correct it.
>   > > > > >
>   > > > > > 8. Spend some time alone every day.
>   > > > > >
>   > > > > > 9. Open your arms to change, but don't let go of
>   > > > > > your values.
>   > > > > >
>   > > > > > 10. Remember that silence is sometimes the best
>   > > > > > answer.
>   > > > > >
>   > > > > > 11. Live a good, honourable life. Then when you
>   > > > > get
>   > > > > > older and think back, you'll be able to enjoy it
>   > > > a
>   > > > > second time.
>   > > > > >
>   > > > > > 12. A loving atmosphere in your home is the
>   > > > > > foundation for your life.
>   > > > > >
>   > > > > > 13. In disagreements with loved ones, deal only
>   > > > > with
>   > > > > > the current situation. Don't bring up the past.
>   > > > > >
>   > > > > > 14. Share your knowledge. It's a way to achieve
>   > > > > > immortality.
>   > > > > >
>   > > > > > 15. Be gentle with the earth.
>   > > > > >
>   > > > > > 16. Once a year, go someplace you've never been
>   > > > > > before.
>   > > > > >
>   > > > > > 17. Remember that the best relationship is one
>   > > > in
>   > > > > > which your love for each other exceeds your need
>   > > > > for each other.
>   > > > > >
>   > > > > > 18. Judge your success by what you had to give
>   > > > up
>   > > > > in
>   > > > > > order to get it.
>   > > > > >
>   > > > > > 19. Approach love and cooking with reckless
>   > > > > abandon.
>   > > > > >
>   > > > > > FORWARD THIS MANTRA E-MAIL TO AT LEAST 5 PEOPLE
>   > > > > AND
>   > > > > > YOUR LIFE WILL IMPROVE.
>   > > > > >
>   > > > > > 0-4 people: Your life will improve slightly.
>   > > > > >
>   > > > > > 5-9 people: Your life will improve to your
>   > > > liking.
>   > > > > >  >>
>


FYI.  I am definitely not responding to this
 -----Original Message-----
From: 	Watkins, Sherron
Sent:	Thursday, October 25, 2001 11:30 AM
To:	Koenig, Mark; Palmer, Mark A. (PR)
Cc:	McMahon, Jeffrey
Subject:	Erroneous press

Mark, I'm sure you are aware of the comments in the press that I have copied and inserted here below.  There have been others that are similar.  Basically, the press is reporting that we have dissolved the LJM partnerships, ended all relationships with the LJM entities, etc.  All that we have done is unwind the raptor entities, LJM still exists, all other transactions with LJM still exist, it's just that Andy sold his interest in the partnerships.  Michael Kopper owns them and would probably be considered a "friend of Enron" by investors/journalists.

I'm concerned about our efforts to build back investor confidence - do we correct the press?  how do we address this?  I'm concerned that we will once again be hit with credibility concerns when the press or investors fully understand that LJM still exists and we have deals still pending with it and have deals still in place with it.  How do we correct this erroneous press?   Sherron Watkins

Excerpts:
"Enron  has been under fire since last week as questions have surfaced about its accounting practices, especially in regard to two limited partnerships created by Fastow in 1999 and since dissolved. ...." By Lisa Sanders , CBS.MarketWatch.com
Last Update: 10:05 AM ET Oct. 25, 2001
"...So Fastow, in June, resigned his roles at the partnerships and Enron also ended its relationships with the LJM entities." Houston Chronicle article from today.

Sherron S. Watkins
Vice President, Enron Corp.
713-345-8799 office
713-416-0620 cell


Thanks for keeping Mike and I informed as well.  This is a huge project for
us, potentially.

Regards

Jeff

Robert Johnston
01/10/2001 05:16 PM
To: Randy Petersen/HOU/ECT@ECT, Emilio
Vicens/ENRON_DEVELOPMENT@ENRON_DEVELOPMENt
cc: Jeffrey A Shankman/HOU/ECT@ECT, Scott Tholan/Corp/Enron@Enron, Brendan
Fitzsimmons/NA/Enron@Enron
Subject: Venezuela LNG

Randy- Emilio and I had a vigorous debate today over the content and
conclusions of the CABC Group's analysis of the questions you asked about the
political and regulatory situation in Venezuela.  He expressed a number of
areas of concern, some pertaining to the tone of the paper and others to its
accuracy.

I acknowledged his concerns and promised to do my best to improve the tone
and clarify any inaccuracies.  We will revisit with our sources to clarify
the following issues:

1. Will the new Hydrocarbons Law just address liquid hydrocarbons or will it
address gas hydrocarbons?  What details are available on the proposed law?
2. If the new law does affect gas, will it in effect overturn the 1999 Gas
Law?
3.  Will gas tariffs be separate for transportation, distribution, and
upstream, or will there be a single unified tariff?  Is there a dispute
between PDVSA and the  Ministry of Mines and Energy on how this should be
handled?
4. What is the current royalty and tax structure on gas?  Will it be affected
by the new HydroCarbons Law?
5. What are the current renegotiation dynamics of the Cristobal Colon project
between the government and foreign operators?

Once we have revisited with sources, I told Emilio that we will be happy to
correct any subsequent errors.  However, if we reconfirm the information in
the paper then perhaps the three of us can confer on how to proceed.

This has been a difficult assignment because we are essentially dealing with
areas that are subject to interpretation and forecasting.  Emilio and I
disagreed in some areas about the Chavez agenda, while agreeing in others.
Also, because the HydroCarbons Law has not yet been written, we can only go
on what sources in country are saying.  Clearly, we have conflicting
information and will work to clear up the contradictions ASAP.

I suggest we postpone our Thursday meeting until both Emilio and I have time
to conduct further follow-ups.  As I have said to both you and Emilio, the
CABC role here is not to take any position on the merits of the deal, but
rather to answer the specific concerns brought up by RAC.  Hopefully, these
next steps will resolve the situation in mutually satisfying manner.

RJ


Please find attached a short memorandum concerning the "Cross-Border
Opportunities" group.  As you will note in the memo, Aleck has proposed that
the group have its first conference call on Friday, January 21st 2-4 p.m.
CST.  Please let me know you can participate in that call I will circulate
the call-in details shortly.


Good morning.  I just returned from a week and a half vacation and wanted to check the status of the request I had left with you on the 17th.  In regards to the sale of one of the Brewer wells, I had faxed you a copy of documentation filed with Enron back in 1997 for you to review and confirm that the documentation was sufficient to make the necessary change from W.E. or Mary Brewer Trust to Brewer Natural Gas LLC.  Mr. Brewer is awaiting notification from me that this issue is either resolved or more documentation is needed.

Please let me know if you have had a chance to look this documentation over or if I need to re-fax the information for your review.

Sincerely,

Ruby Kyser
Global Data Management
       713-345-8136
Fax 713-646-5797
ruby.kyser@enron.com


Please use the PEP system on your computer to suggest reviewers by the end of
the day tomorrow at the latest.  It is important that your reviewers have
enough time to fill out the reviews and the system closes for that purpose at
the end of next week.  If you have any questions or are having trouble
accessing the system, please let me know.


Attached is the amended and restated ExxonMobil Guaranty form


I will be out of town, but I think you should definitely be there.  I'll
mention it to Sheila.

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 10/12/2000 04:27
PM ---------------------------
From: Suzanne Adams@ECT on 10/12/2000 04:11 PM
To: Karen E Jones/HOU/ECT@ECT, Bob Carter/HOU/ECT@ECT, Barton
Clark/HOU/ECT@ECT, Alan Larsen/PDX/ECT@ECT, Dale Rasmussen/HOU/ECT@ECT, Ed B
Hearn III/HOU/ECT@ECT, matt.maxwell@enron.com, kay.mann@enron.com, Stuart
Zisman/HOU/ECT@ECT, Peggy Banczak/HOU/ECT@ECT
cc: David Leboe/HOU/ECT@ECT

Subject: Power Plant Development Powerpoint Presentation

There will be a presentation by David Leboe on October 18, 2000 at 10:00 a.m.
in EB38C2.  Please put this on your calendar and plan to attend.

Also, the weekly meetings with Sheila will begin October 25, 2000 at 10:00
a.m. in E38C2.


Dear Benjamin:

Columbia Business School Office of Admissions
cordially invites you to attend a reception
in one of the following cities:

HOUSTON
Host: Enron Corporation
Monday, October 16, 2000
6-8 pm
2 Allen Center
1200 Smith St.
The Forum-12th Floor

DALLAS:
Host: Texas Instruments Incorporated
Wednesday, October 18, 2000
6 pm
8505 Forest Lane
South Campus Facility

AUSTIN:
Host: Human Code/Sapient
Thursday, October 19, 2000
6-8 pm
319 Congress Avenue

This will be an opportunity to meet a representative from the Admissions
Office and for alumni to share their experiences and the benefits of the
Columbia Business School MBA.

Please RSVP to rsvp@claven.gsb.columbia.edu and include the name of the
city in the subject line.

-----------------------------------
Columbia Business School
Office of Admissions
Visit us at: http://www.gsb.columbia.edu/admissions


Stephanie -

When you get a chance, could you finalize the attached (also found in Tana's O drive).  I am not sure where the originals need to go after signed by Enron, but I have a request for that information currently out to Hess.

Thanks.

Mark


Hello Sara,

I talked to Chuck Kaufmann in Cinergy's credit dept. concerning the ongoing
issues.  Basically, he has agreed to the cross-default levels of 50/100
million.  He is going to look further into the guaranty issue and get back to
me on this. I will keep you updated.

Thanks
Russell


Please respond to info
This year, remember Mom or that special Graduate with a gift subscription
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message.


Would you please get copies of all outstanding Transactions with this
counterparty?  Thanks.  Sara


I'm still waiting on David Hunt to send me some stuff, which would really
help move the document along.  I'll ask again if i can get it from him. There
are still internal questions in it, which I have annotated. I'm happy for you
to look at it fairly shortly, especially if you can give definitive
commercial direction.

Do you feel that the commercial team is  finished with the exhibits?  I
haven't worked on them, but I suspect the exhibits need work.  I know the
bogey calc doc is a bit rough.

Do you still owe me the emergency transmission cut stuff?

Early next week is better than later, and Thursday and Friday are huge
problem days for me.  When are you thinking of meeting with Beck?  Anyway to
combine the two at once, given the short timeframe?

Has Dave signed the extension, by the way?

Kay

From: Reagan Rorschach/ENRON@enronXgate on 05/31/2001 09:59 AM
To: Kay Mann/Corp/Enron@Enron
cc:

Subject: MDEA Agreement Scheduling

Kay,

We are starting to run into some scheduling constraints for next week, at
least with Bob Priest.  I'd like to get together with Bob and Marvin early
next week to discuss the agreement--moving toward finalizing before June 12.
Bob is only available Monday.  Bob and Marvin think it is a good ideal to
then meet with RW Beck.

I'd like to email Marvin and Bob the next version sometime today?

Reagan C. Rorschach
Enron North America
1400 Smith Street
Houston, Texas 77002
713.345.3363


Same here!  Great presentation!

 -----Original Message-----
From: 	Cady, Rachel
Sent:	Friday, January 11, 2002 1:50 PM
To:	Lokey, Teb; Coon, Galen; Nacey, Sheila; Studebaker, James
Subject:	RE: Index Posting

I agree.  Great job!

 -----Original Message-----
From: 	Lokey, Teb
Sent:	Friday, January 11, 2002 1:47 PM
To:	Coon, Galen; Cady, Rachel; Nacey, Sheila; Studebaker, James
Subject:	RE: Index Posting

Looks great to me.

 -----Original Message-----
From: 	Coon, Galen
Sent:	Friday, January 11, 2002 1:46 PM
To:	Cady, Rachel; Nacey, Sheila; Studebaker, James
Cc:	Lokey, Teb
Subject:	Index Posting

	Attached is a form that might work, let me know what changes are needed.

Galen

 << File: Index2002New.doc >>


Hi Charlotte,

We are starting to check out our options for the summer, and one of the
things we are considering is the day camp that Enron is involved with.  They
pick up and deliver from the Enron building, and I was wondering if you might
consider picking Michael up from here (Enron).  I suspect most days he could
go to your place.

I have no idea if this is the direction we will go, but I thought I would run
it by you early on.  I have to think about how much travel I might have, as
it might be hard on Neil to take Michael downtown in the morning.  Paige has
applied for a job at Enron, though, so if that worked out we would be in good
shape.

Here's a link.   They have some neat themes.

http://www.kidventurecamp.com/camp_enron.htm

Have you heard of any other good day camps?  You seem to be plugged in fairly
well.

Thanks,

Kay
---------------------- Forwarded by Kay Mann/Corp/Enron on 01/25/2001 10:05
AM ---------------------------

	From:  WorkLife Department and Kidventure
01/24/2001 11:00 PM

Sent by: Enron Announcements
To: All Enron Houston
cc:

Subject: Kidventure Camp


Kay,  Please review attached.  Thanks.


Ron,

We are really swamped and I would like to keep our involvement in
conferences to a reasonable minimum. I can promise that we shall help you
with a future conference if it happens to be in Houston.

Vince

"Ron Henderson" <ronh@informationforecast.com> on 01/11/2000 03:13:56 PM
Please respond to ronh@informationforecast.com
To: Vince J Kaminski/HOU/ECT@ECT
cc:
Subject: RE: Invitation to Speak at Infocast's upcoming "Market Price
Volatility" program

Vince,

I am sorry you can't join us.  Is there someone on your staff who might be
able to do the presentation "A Real Options Approach to Asset Valuation,"
scheduled for Thursday, May 11th, from 10:30 am to 12:00 pm.?

Ron

 -----Original Message-----
From:  Vince J Kaminski [mailto:vkamins@ect.enron.com]
Sent: Monday, January 10, 2000 10:53 AM
To: ronh@informationforecast.com
Cc: Vince J Kaminski; Shirley Crenshaw
Subject: Re: Invitation to Speak at Infocast's upcoming "Market Price
Volatility" program

 << File: Draft Agenda v.2.doc >>

Ron,

I am sorry to inform you that due to a scheduling conflict I cannot speak at
this conference.
I want to thank you for considering me as a speaker.

Vince Kaminski

"Ron Henderson" <ronh@informationforecast.com> on 12/30/99 06:57:05 PM

Please respond to ronh@informationforecast.com

To:   Vince J Kaminski/HOU/ECT@ECT
cc:
Subject:  Invitation to Speak at Infocast's upcoming "Market Price
Volatility"
      program

Hi Vince,

I would like to invite you, or one of your staff, to be a speaker at
Infocast's upcoming conference "Market Price Volatility: How to Model,
Assess, and Manage Price Volatility in Today's Power Markets," scheduled for
May 10-12, 2000, in Chicago.  I am attaching a copy of the draft program
agenda for your review.  As you may note, we wish to take our recent Houston
meeting a step farther by making this next session a more
technically-oriented meeting.

There are two spots you may wish to consider:

1. The session entitled "Case Study in Modeling Volatility," scheduled for
Wednesday, May 10th, from 3:30 to 5:00 pm.  You will note below, what we had
in mind for the case study.
2. The talk "A Real Options Approach to Asset Valuation," scheduled for
Thursday, May 11th, from 10:30 am to 12:00 pm.

I am running behind schedule in finalizing this program, so I will give you
a call shortly to follow up with you.  If you wish, please feel free to call
me at 818-888-4445 ext. 28.

I hope you can join us.

Ron Henderson
Infocast
818-888-4445 ext. 28
ronh@informationforecast.com

CASE STUDY GUIDELINES
1.   Model should be for a particular market. Examples: PJM, Chicago, ECAR,
Southern California.

1B (optional). Model should be for a particular purpose. Examples: valuing a
new combustion turbine at the Florida/Georgia border, bidding on a portfolio
of power plants up for sale in NEPOOL, valuing a retail portfolio in
Pennsylvania.
2.   Model should be estimated on a particular data set. Examples: daily
NYMEX
close prices for Palo Verde, PJM hourly spot prices for 1998-1999.
3.   Case study should describe several candidate models, for volatility
and/or market price, that were considered. Case study should discuss why
these models were considered. Candidate models should be described
mathematically and verbally.
4.   Evaluation criteria for choosing among the models should be explicitly
identified, and quantified to the extent possible. Examples of evaluation
criteria: residuals that are not autorcorrelated, stationarity, R-squared,
Akaike information criterion.
5.   Parameter estimates for each candidate model should be displayed. The
estimation procedure employed should be briefly described.
6.   Some diagnostics of model fit (vis-a-vis data set) should be presented.
7.   If possible, predictive power of model should be assessed.

Generally, the case study should include all of the items above. The case
study may include other things.


Thanks. We have been watching Navigator and saw these too. I am talking with
John Hodge also and may be back with you.


Brian, I asked Shauywn to send this to me as it shows that the rate HPL gave us for transport and the price they are apparently giving to ETOCO is  close to .19 apart (although the current contract they have w/ ETOCO is in evergreen so the producer may be in for a rude awakening from HPL soon)....let me know if you want to discuss more. Thanks.
 -----Original Message-----
From: 	Smith, Shauywn
Sent:	Thursday, October 18, 2001 10:53 AM
To:	Zivley, Jill T.
Subject:	ETOCO bid - Intrastate pipes

Jill,
Per your request, below are the details of my interactions with ETOCO Inc.

On September 10th I spoke to Walter Cochran at Etoco and have the following notes from that conversation:
Friendly - they're moving most of their gas on HPL, most was 1-year term that has gone to evergreen and going month to month.  They dont do much hedging or other "fancy stuff", just simple gas contracts: [1] 5 miles north of San Jacinto Monument; 11,000/d (and expect that to increase) on HPL; getting HSC-.05  [2] west side, meter outside of Sealy; 4500-6000/d on HPL; getting HSC-.155 (getting dinged because of CO2 in gas)  [3] North of Deer Park, Jacinto Port; 7000/d on Kinder Morgan; getting 97% of HSC.  They'd definitely entertain bids on the gas, but dont know what we can do with HPL moving it.  He deals with John Payton at HPL.

They have a 30 day notice they have to give to get out of their current contract.  Also, he said they'd take a few weeks to make a decision to switch anyway.  Compare our price/bid to what they're getting and then see if we're competitive enough to pursue a contract with them.

He gave me this to bid on --> 10,500/day; Sralla road field, feeds into HPL; 2 meters (Etoco Highlands pipeline meter # 0989758-10 - 9000/day here) and (Etoco Hargrove Central point meter # 0989651 - 1500/day here).  I offered bid of HSC - .24

Today (October 18) I followed up with him on how our bid fared since I hadn't ever heard back from him.  He was friendly about it, but when I asked if we were close or on another planet, he said, "another planet".  We were off by 19 cents.   They dont really have anything on interstate pipes either, so doubtful any reason for us to continue bidding here.  He would like to keep in touch in case anything changes down the road.

Let me know if you need additional info.
Shauywn


---------------------- Forwarded by Hunter S Shively/HOU/ECT on 01/02/2001
01:02 PM ---------------------------

David Ryan@ENRON
01/02/2001 10:56 AM
To: hunter.s.shively@enron.com
cc:
Subject: European 10 jet stream heights

We have only the heights for now - maybe someday we'll see days 8 and 9.
Good luck,
Dave

http://www.sca.uqam.ca/models/
http://www.sca.uqam.ca/models/ecmwf_amer/cep00_9panel.gif


Hi,

Things are going just fine here.  I'm looking forward to spring - baseball
and gardening.  I want more weather like last weekend.

I was in NYC last week.  I managed to get lost walking around Midtown.  I
know, that's impossible.  I was talking on my cell and walking.  I walked
from Bloomingdale's to somewhere east and slightly north of the theater
district.  Oh, I should add I was headed to the Omni at 52nd and Madison.
When I realized I was walking downhill with only warehouses ahead, it clicked
that I was off track.  My feet hurt so badly when I got back I could hardly
stand it.

Are you going to spring training this year?

Gotta get back to work. Thanks for writing.

Kay

ANDREA DOWLEN <nene77057@yahoo.com> on 02/08/2001 08:34:18 AM
To: Kay.Mann@enron.com
cc:

Subject: Hi

Hi Kay.........just wanted to touch base.
My Cameron Desktop / Email / Internet blew out last
week when I had airline software updated.  No one at
Cameron has a clue.  I miss Chris Handwerk real bad!
Went to Fan Day  last week.  Had pic made with Milo,
Biggio, J. Jack....very fun.  I hope you made it.  If
not plan on next year.  I was a real winner.
Let me know how you are??????!!!!
Andrea

=====
Andrea Dowlen

__________________________________________________
Do You Yahoo!?
Get personalized email addresses from Yahoo! Mail - only $35
a year!  http://personal.mail.yahoo.com/


I am out of the office all day on Wednesday. --Sally

11/20/2000 01:43 PM
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
Brenda Flores-Cuellar@ENRON
11/20/2000 01:43 PM
11/20/2000 01:43 PM
To: Thomas D Gros/NA/Enron@Enron, Sally Beck/HOU/ECT@ECT, Susan
Harrison/HOU/ECT@ECT, Carrie Slagle/HOU/ECT@ect, Molly Sumrow/HOU/ECT@ECT,
Brad Romine/NA/Enron@Enron, James Whitehead/Corp/Enron@ENRON, Patrick
Scales/NA/Enron@Enron, Tommy J Yanowski/HOU/ECT@ECT, Mary
Solmonson/HOU/ECT@ECT, Douglas Fuehne/NA/Enron@ENRON, Kristin
Cantu/Corp/Enron@Enron, Todd Ballengee/NA/Enron@ENRON, Andrew
Cole/NA/Enron@ENRON, Andrew Matthews/NA/Enron@Enron, Michael
Lee/NA/Enron@Enron, Jeff Huff/NA/Enron@ENRON, John Coyle/NA/Enron@ENRON,
Snooky Tiedje/NA/Enron@ENRON, Amy Schneider/NA/Enron@ENRON, Jenny
Lim/NA/Enron@ENRON, Nicolas Lam/NA/Enron@ENRON, Christopher
Cocks/NA/Enron@ENRON, Steve Rubin/NA/Enron@ENRON, Erik Treese/NA/Enron@ENRON,
Jeff Catalina/NA/Enron@ENRON, Mohan Pattabiraman/NA/Enron@ENRON, Murali
Perumbedu/NA/Enron@ENRON, Thede Loder/NA/Enron@ENRON, Jeff
Ledgerwood/NA/Enron@ENRON, Tad Lynch/NA/Enron@ENRON, Maria
Sandoval/HOU/ECT@ECT, Brenda Flores-Cuellar/NA/Enron@Enron, Mckenzie
Senigal/HOU/ECT@ECT
cc:
Subject: RE: Wednesday

Maria and I are trying to get an idea of how many of you guys and gals will
actually be here on Wednesday and for how long.  Please let us know as soon
as possible.

Thanks,
Brenda


Hi there,

I'm attaching the final forms of the assignment/assumption agreements for
GE's acknowledgement.  It is pretty close to what you saw last week.  It
would be a big help if we could have these executed  by GE today or
tomorrow.  A faxed signature would work, then we could have the originals
picked up from Lee's office.

Please let me know if you have any questions.

Thanks,

Kay


Rodney, from what you told me it sounds like GE is willing to play on the
Selkirk asset so the sales cycle should be largely completed.  Can you answer
Marty's other questions?

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/16/2000
09:39 AM ---------------------------
From: Marty Sunde@EES on 10/15/2000 09:05 AM
To: David W Delainey/HOU/ECT@ECT
cc: Harold G Buchanan/HOU/EES@EES, Dan Leff/HOU/EES@EES, Karen S
Owens@ees@EES, Mark Frevert/NA/Enron@Enron@ECT, Rodney Malcolm/HOU/ECT@ECT,
Raymond Bowen/HOU/ECT@ECT
Subject: Re: GE Plastics Facts

Hi David,
I'll give you a response with the hope of seeing more information that would
change my mind.  If you are asking for my opinon, it is difficult to be
supportive of moving ahead on a transaction like this give the fairly
significant obstacles (these are usually deals killers) that Rodney
describes.  What I couldn't read into Rodney's write up were other
undocumented factors that you might change the probability, like:

Is there an Sr. executive champion that is willing to "influence" the GE
negotiating team into getting a deal done, even if the terms are less
desirable than what Rodney laid out as their requirements?
Are the willing to extned the term so that there isn't a capital tail?
Is there any real compelling motivation for this GE Plastics team to change
from current practice?  Do we know what that is and what the deadline for
action for change is?
Could Rodney suggest alternatives to address the obstacles and show the
potential impact on the margin in the deal?
Is there some other component of this deal that is so compelling to the
prospect that we can attach these pieces to that?

Realistically, based on what is written, the deal you are describing sounds
like it would have a low probability to close, surely in 2000.
HOWEVER< if there exenuating circumstances like you feel like we just need to
win this at all costs, there are values not being calculated that the client
would recognize, there are senior execs at GE Plastics behind this looking
for a way to close this, or anything else that is convincing your origination
team that they have a winner here....then, lets find out what that is and go
for it.

I wasn't exactly sure what you were asking for.  If it was my opinion, that
is above.  If it was to put more resource on it to try to make the
probability go up, I'll be glad to help.  If it is some other, just let me
know.

I would suggest we just start with trying to get more information from Rodney
and team regarding why they are convinced this can be contracted for with
margin in 2000.  I would love to participate and do what we can to make this
work out, as long as we all agree that there are reasonable approaches to
raising the probability of victory.

Thanks

David W Delainey@ECT
10/13/2000 09:47 AM
To: Harold G Buchanan/HOU/EES@EES, Marty Sunde/HOU/EES@EES, Dan
Leff/HOU/EES@EES
cc: Lou L Pai/HOU/EES@EES, Mark Frevert/NA/Enron@Enron, Rodney
Malcolm/HOU/ECT@ECT, Raymond Bowen/HOU/ECT@ECT
Subject: GE Plastics Facts

Guys, I would like your opinion on this potential transaction.  This has been
sold through GE for some time and it is reasonably likely that if we employed
some additional resources that this could be completed over the next quarter
or so.

Ultimately, Rodney and his team would like to see EES take control of the
deal with EIM folks staying involved to ensure continuity and to assist to
closure. Assuming that the sales process is largely completed, I see some
value for Enron to take this deal including:
 a) $200 M in TCV for 2000;
 b) $3 to $5 M in value;
 c) GE on our EES resume of companies which will help in future sales to the
large industrial customers;
 and d) provides an "in" to the GE family of companies which could result in
significant up-sell capability in the future if we provide a quality product.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/13/2000
09:36 AM ---------------------------

	From:  Rodney Malcolm                           10/12/2000 07:37 PM

To: David W Delainey/HOU/ECT@ECT
cc: Raymond Bowen/HOU/ECT@ECT
Subject: GE Plastics Facts

Dave,

The GE Plastics facility is located in Selkirk NY just south of Albany and
produces polystyrene and polyphenyleneoxide.  The deal value is roughly $4-5
million NPV of which $3-4 million may be markable income.

The obstacles to closure are:
- the projected savings have gone from 27% to 20% when GE said they wanted
more
- there is some capital recovery at the end of year ten that GE would have to
pay us and they are not yet agreeable to,
- the savings include $1 million in O&M savings and it will be very difficult
to get to closure with them letting us do the O&M

Deal Stats Are:

Electricity  230,000 mwh/yr  $12 million/yr
Steam  430,000 lbs/yr  $3   million/yr
Gas  470,000 mmbtu/yr $2   million/yr
O&M     $3   million/yr
Total     $20 million/yr

10 year contract, total contract value $200 million.

Let me know if you need any further information.
Thanks,
Rodney


Baltimore Gas & Electric
Brian Russo (finance area)  410-783-3623

Someone in settlements needs to contact him to determine Default Rate since BG&E wants to pay full amount (sounds like all deals have terminated)

Sara Shackleton
Enron Wholesale Services
1400 Smith Street, EB3801a
Houston, TX  77002
Ph:  (713) 853-5620
Fax: (713) 646-3490


FYI - I'll let you know what she finds.

---------------------- Forwarded by Maureen McVicker/NA/Enron on 05/29/2001
01:19 PM ---------------------------

Lora Sullivan
05/29/2001 10:51 AM
To: Maureen McVicker/NA/Enron@Enron
cc:

Subject: Calls to/from Commissioner Hebert

Maureen,

I've checked Linda Robertson's call sheet from January 2001 and do not find
any record of incoming calls from Commissioner Hebert to Linda.
Nonetheless, she may have initiated a call TO him.

I'ved tried to reach Linda on her cell phone -- no success.  Perhaps Rick
could raise this question with Linda when he joins her on the 11:00 AM (CDT)
conference call today?

I'm also checking with Sarah Novosel and Joe Hartsoe -- both of whom are out
at meetings at the present time.  When I get any responses I'll let you know.
Thanks for holding down the fort!

Lora

	Lora Sullivan
	05/29/2001 11:30 AM

		 To: Joe Hartsoe/Corp/Enron@ENRON, Sarah Novosel/Corp/Enron@ENRON, Bernadette
Hawkins/Corp/Enron@ENRON
		 cc: Lora Sullivan/Corp/Enron@ENRON
		 Subject: Request from Rick Shapiro

Rick Shapiro has asked for a list of calls received (or calls made to)
Commissioner Hebert since January, 2001.

Please advise.

Thank you.

Lora


Sheilley, attached is what I had sent to Fran as a first review for the
	Job Description for the Manager postiion we talked about for John.
	I would appreciate your feedback and any additions you have.  Thanks. Lynn

 -----Original Message-----
From: 	Blair, Lynn
Sent:	Friday, January 04, 2002 2:06 PM
To:	Fagan, Fran
Cc:	Blair, Lynn
Subject:	Manager Position

	Fran, attached is my first cut at the new position.  I have added or changed
	information in red.  Please let me know if this is specific enough or you need
	more.  Thanks. Lynn


I can play any time today  - I'll call you when I hear back from Christy


fyi
---------------------- Forwarded by Steven J Kean/NA/Enron on 07/18/2001
07:15 AM ---------------------------
From: Jeff Dasovich on 07/17/2001 07:31 PM
Sent by: Jeff Dasovich

To: skean@enron.com, Richard Shapiro/NA/Enron@Enron, James D
Steffes/NA/Enron@Enron, Susan J Mara/NA/Enron@ENRON, Harry
Kingerski/Enron@EnronXGate, Leslie Lawner/Enron@EnronXGate, Michael
Tribolet/ENRON@enronXgate, Kristin Walsh/Enron@EnronXGate, Karen
Denne/Enron@EnronXGate, mpalmer@enron.com, Janel Guerrero/Enron@EnronXGate,
Paul Kaufman/Enron@EnronXGate, Susan M Landwehr/Enron@EnronXGate, Linda
Robertson/NA/Enron@ENRON
cc:

Subject: California Update--0717.01

What people know:

Hertzberg (et al's) bill (82XX)was heard in an "informational" hearing today
and still sits in the Assembly Energy Committee.  It will be heard again
tomorrow (perhaps beginning at 10 AM) , at which time parties will have a
chance to support/oppose and ask for amendments.  Most, including us, oppose
unless significantly amended.
The Wright (D) -Richman (R) bill (83XX)was heard in an "informational"
hearing today and still sits in the Assembly Energy Committee.  It will be
heard again tomorrow, at which time parties will have a chance to
support/oppose and ask for amendments.  From our perspective, this is the
best bill out there yet, though it still has serious problems---it isn't
available electronically yet, but should be tomorrow, and I'll distribute
then.  The chances of the joint D-R bill being successful are slim, however,
since it's up against the Speakers competing bill.  There is talk that the
Speaker will try to negotiate with Wright/Richman tonight and include any
agreement in his bill (82XX).
The original version of the Governor's MOU bill sits in the Senate.  Most
believe that Burton will put it up for a vote this week and it will fail.
The Senate's version of the MOU (Sher-Peace-Kuehl) (78XX)came out today.  It
will likely be heard in the committee tomorrow or the next day.  Notably, it
kills Direct Access completely and makes Edison shareholders responsible for
that portion of Edison's debt owed to suppliers.  In short, a very bad bill.
Burton's 18XX, which would de-link the bond issuance (to pay back the General
Fund) from the DWR contracts is likely to pass the Senate tomorrow or the
next day.  Many--including Enron--support the bill (though we are supporting
it behind the scenes).

What people don't know:
Whether there's the time or the will in the Assembly and Senate to achieve by
Friday a single, comprehensive bill that can be sent to the governor for his
signature.
Whether the Legislature would postpone its month-long recess if the
Legislature hasn't finished a bill by Friday (most folks think they will not
postpone).
Whether it's true that, irrespective of the energy issue, the Legislature
will fail to get the budget completed by Friday and therefore have to
postpone their recess anyway, in which case they might continue to work on
the energy legislation at the same time.

Odds-makers still say it's better than 50-50 that the Legislature does not
get the Edison bills done by Friday and leaves on on its 30-day vacation.

Best,
Jeff

Sacramento is one goofy place.


Start Date: 4/21/01; HourAhead hour: 9;  No ancillary schedules awarded.
Variances detected.
Variances detected in Energy Import/Export schedule.
Variances detected in SC Trades schedule.

    LOG MESSAGES:

PARSING FILE -->> O:\Portland\WestDesk\California Scheduling\ISO Final
Schedules\2001042109.txt

---- Generation Schedule ----
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS
*** Final schedule not found for preferred schedule.
     Details:

  TRANS_TYPE: FINAL
  SC_ID: HARBOR
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  UNIT_ID: HARBGN_7_UNITS

---- Energy Import/Export Schedule ----
$$$ Variance found in table tblINTCHG_IMPEXP.
     Details: (Hour: 9 / Preferred:   0.00 / Final:   0.00)
  TRANS_TYPE: FINAL
  SC_ID: ECTRT
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  TIE_POINT: SLVRPK_7_SPP
  INTERCHG_ID: EPMI_CISO_ERNIE
  ENGY_TYPE: WHEEL

---- SC Trades Schedule ----
$$$ Variance found in table tblInt_Interchange.
     Details: (Hour: 9 / Preferred: -825.00 / Final: -824.97)
  TRANS_TYPE: FINAL
  SC_ID: EPMI
  MKT_TYPE: 2
  TRANS_DATE: 4/21/01
  TRADING_SC: WESC
  PNT_OF_INTRC: SP15
  SCHED_TYPE: ENGY
  PURCH_SALE: 1
  DEAL_NO: 1


Daren:
Please enter the demand fee on deal 384258 for Tenaska IV for June 2001.  It should be $3,938,205.00.  Also, please extend deal 514353 or set up a new deal for the agency fee for June.  Deal 514353 ended with May prod.

Thanks,
Megan
---------------------- Forwarded by Megan Parker/Corp/Enron on 07/05/2001 02:21 PM ---------------------------
From:	Michael Olsen/ENRON@enronXgate on 07/05/2001 12:49 PM
To:	Megan Parker/Corp/Enron@ENRON
cc:

Subject:	RE: June Tenaska gas file

Here you go.  Let me know if everything looks good.

Mike

 -----Original Message-----
From: 	Parker, Megan
Sent:	Thursday, July 05, 2001 12:48 PM
To:	Olsen, Michael
Subject:	June Tenaska gas file

Can you email the Tenaska file for June?  I need to bill them.
---------------------- Forwarded by Megan Parker/Corp/Enron on 07/05/2001 12:44 PM ---------------------------

 	  From:  Megan Parker                           07/02/2001 02:17 PM

To:	Michael Olsen/NA/Enron
cc:

Subject:	June Tenaska gas file

Can you send James Armstrong and me the Tenaska file for June?

Thanks,
Megan
---------------------- Forwarded by Megan Parker/Corp/Enron on 07/02/2001 02:14 PM ---------------------------
From:	James Armstrong/ENRON@enronXgate on 07/02/2001 10:56 AM
To:	Mark McCoy/Corp/Enron@Enron
cc:	Megan Parker/Corp/Enron@ENRON

Subject:	June Tenaska gas file

Mark, it looks like Mike Olsen is no longer here at Enron.  Do you know who handles the Tenaska fuel management file now?  You can call me at 713-853-7280.  Thanks.

James

<Embedded Picture (Device Independent Bitmap)>


This is a start.   I am having our Regulatory guy review our OOMC/OOME situation.

Thanks,
JForney

 -----Original Message-----
From: 	"Kettlewell, Bill" <bkettlewell@ercot.com>@ENRON
Sent:	Wednesday, November 14, 2001 10:37 AM
To:	Forney, John M.
Cc:	Grace, Rebecca M.; Patterson, Mark
Subject:	OOMC Chronology

John,

The attached file is a chronology of the OOMC services Enron has
provided since the opening of the market.  I thought you might find this
useful for submitting disputes over OOMC payments.

 <<Enron OOMC Chronology.xls>>

Bill Kettlewell
Client Service Representative
Electric Reliability Council of Texas
E-mail:  BKettlewell@ercot.com
Telephone:  (512)248-3172
Pager:  (800)771-5302

 - Enron OOMC Chronology.xls


Subject:
Dreaded Lists

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

Alright, it is beginning, I need to receive from all parties the lists for
the wedding/ engagement party. I'm not sure what ettiquette is appropriate,
i.e. if people invited to the engagement party are automatic guests at the
wedding, but I plan on buying the book, whatever it may be. However, I would
like to receive your lists, including family, with addresses so Jose Luis and
I can start composing a master list. He is doing the same with his parents. I
know, Dad and Linda, you are in the middle of moving and giong out of town,
etc. but I can start with Mark and Natalie's list and then change as needed.
Thanks,
Love,
Liz and Jose Luis


FYI. In bizarre times, help can sometimes come from bizarre places.  Granted,
we're likely to disagree strongly with Hogan's continued obsession with
Poolco, but the discussion in his paper regarding market power may be
helpful---I've read the Joskow paper, but haven't yet had a chance to review
the Hogan piece.

Steve and I discussed the need to do a focused assessment of the Joskow/Kahn
"analysis"  (remember it's Ed Kahn, not Alfred Kahn).  Seems that it would be
very useful to fold into that analysis any useful stuff on market power
included in the paper done by Hogan & Co.  If, in the end, there ain't
nothing useful, so be it.  But seems like there's little downside to
exploring it.

Jim, my understanding is that Alan is already working with the fundamentals
folks on the Portland desk to deconstruct the Joskow paper.  Might want to
include the Hogan paper in those discussions and might also be useful to pull
Seabron Adamson into the thinking, too.  Ultimately, may be preferable to
have any assessment of Joskow and/or Hogan to come from economists, rather
than directly from us.

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 11/30/2000 11:38 AM -----

	"Daniel Douglass" <Douglass@ArterHadden.com>
	11/30/2000 11:29 AM

		 To: <Barbara_Klemstine@apsc.com>, <dcazalet@apx.com>, <BillR@calpine.com>,
<jackp@calpine.com>, <glwaas@calpx.com>, <Ken_Czarnecki@calpx.com>,
<cabaker@duke-energy.com>, <gavaughn@duke-energy.com>,
<rjhickok@duke-energy.com>, <gtbl@dynegy.com>, <KEWH@dynegy.com>,
<jdasovic@enron.com>, <susan_j_mara@enron.com>, <curt.Hatton@gen.pge.com>,
<foothill@lmi.net>, <camiessn@newwestenergy.com>,
<jcgardin@newwestenergy.com>, <rsnichol@newwestenergy.com>,
<Nam.Nguyen@powersrc.com>, <rllamkin@seiworldwide.com>,
<Roger.Pelote@Williams.com>
		 cc:
		 Subject: From Today's Electricity Daily

Has FERC Gone Far Enough in California?
The Federal Energy Regulatory Commission isn't going far enough in its
attempt to reform the California wholesale electric market, according to a
paper by three prominent economists done for San Diego Gas and Electric. The
paper by John D. Chandley, Scott M. Harvey, and William W. Hogan argues that
FERC should first end the artificial separation that divides the California
Power Exchange and the California Independent System Operator, rather than
worrying about the governance of the two institutions.
"The change in governance may help," says the paper - "Electricity Market
Reform in California" - "but it is not likely to be decisive in the near
term. Explicit guidance from the commission regarding the nature and
trajectory of reforms will be essential if market reform is to be
accomplished within an acceptable time frame." Hogan, of the Kennedy School
of Government, has been writing since 1995 in opposition to California's
market separation.
Also, argues the paper, freeing the California utilities to engage in forward
contracting is no panacea. "The expectation that merely allowing utilities to
participate in forward contracting necessarily would be the solution to high
prices is problematic and not supported by the commission's staff report,"
says the analysis, adding that "putting pressure on buyers to sign contracts
in the present environment may make things worse." If the underlying problem
in California is high cost and low capacity, requiring forward contracting
could harm not only California but also the entire Western U.S. electric
system.
FERC's $150 so-called "soft cap" is a wild card that has the three economists
scratching their heads. "It does not appear in the staff report and there is
little critical analysis of their implications, other than the discussion of
Commissioner [Curt] Hebert." If the intent of the soft cap is to move toward
cost justification for bids above $150/MWh, then FERC is headed into an
administrative morass "that would rival those under wellhead price controls
in the natural gas industry."
If, on the other hand, the soft cap is "truly soft" and would only require
some paper work at FERC and the possibility of a refund if the price is
eventually deemed not just and reasonable, "there might be little impact on
consumer prices (particularly if the principal sources of those high prices
are high costs and regional capacity shortages rather than the exercise of
market power). Even so, the proposal might serve to deter entry and new
investments, thus combining the worst of both worlds, high consumer prices
and little or no new investment."
FERC's proposed order in California also demonstrates confusion about just
what constitutes market power. The paper cites the proposed order's lawyerly,
obfuscatory conclusion that "while this record does not support findings of
specific exercises of market power, and while we are not able to reach
definite conclusions about the actions of individual sellers, there is clear
evidence that in California market structure and rules provide the
opportunity for sellers to exercise market power when supply is tight and can
result in unjust and unreasonable rates under the [Federal Power Act]." The
economists note, "In this regard, the debate is confused because we are
dancing around the words where the truth may be hard to face."
In the case of California, say the economists, there is no evidence of market
power. Even the practice of generators avoiding the day-ahead market in favor
of the real-time market "is a response to bad market design and pricing
incentives (including price caps), but does not demonstrate the exercise of
market power." Nor is bidding above marginal cost necessarily an exercise of
market power, they add. "The distinction between direct marginal cost and
opportunity cost is sometimes lost in the discussion. Hence, a competitive
bidder whose direct cost of generation is $40 but who could sell the same
energy outside California for $100 should bid no less than $100. This would
not be an exercise of market power."


After I wrote this I was forwarded Steve Hall's summary.  There's some
redundancy but hopefully, this provides a few more details.    Also, Mary H.
and I are informed that on Friday the FERC issued an order that appears to
approve the ISO,s request in full.

Bullet Summary of the ISO's Amendment No. 33 (December 8 Filing):

The following is a summary of the filing made by the ISO.

1) ISO,s $250/MWh Soft Cap
a) Summarized: ISO Claims its proposal is identical to the FERC proposed soft
cap but raises the soft cap level to $250 from the $150/MWh proposed by the
FERC: &The ISO would replace the current cap on Imbalance Energy bids with an
interim &soft8 price cap based on the price mitigation proposal in the
Commission,s November 1 Order. The ISO,s scheduling system will not reject
Energy bids priced in excess of the $250/MWh price cap, but will evaluate
those bids in price merit order. However, if the ISO issues Dispatch
instructions to Scheduling Coordinators for Energy that has been bid in
excess of the $250 soft cap, those bids will not set the Market Clearing
Price for Imbalance Energy. Rather, those Scheduling Coordinators will be
paid in accordance with their bids.8

b) Refund risk and cost documentation above $250. &Imbalance Energy above the
level of the soft price cap would be subject to refund, based on subsequent
review by the Commission. It also should require Scheduling Coordinators that
submit such bids to supply supporting cost information to the Commission, as
well as to the ISO and to the California Electricity Oversight Board so that
they may bring questionable bids to the Commission,s attention.

i) Appears to imply that the proposed reporting requirement is supplemental
to what was requested by the FERC. See p. 8

ii) Regarding production costs:  fuel, taxes, emission credits, startup costs
are all listed as costs.  However, no mention of noncontiguous scheduling
costs or reasonable profit.

iii) Quasi safe harbor on opportunity costs:  In a footnote to cover letter,
ISO states it will particularly scrutinize any opportunity costs in excess of
10% of the production costs or $25/MWh, whichever is lesser.

c) Useful quote: &In light of current fuel prices and the ISO,s recent
experience in receiving less than a thousand MW of Imbalance Energy bids at
prices of $150 or less in many hours, the ISO believes that a $150 soft cap
would be tantamount to procuring all Imbalance Energy on an as-bid basis.8

d) Effective date: 4 p.m. PST 12/8/00.

e) Term of this soft cap:  lesser of 3 mo (3/8/01) or whenever the Commission
supercedes it by its own order.

f) Applicable tariff sections.  Section 2.5.23.2 and .3.  See attachments
A1/B1 to the filing.

2) Participating Generator Penalties
a) Summary: &the ISO proposes in Amendment No. 33 to assess penalties against
Participating Generators that refuse to operate in response to an ISO
Dispatch instruction during a System Emergency or when the ISO is acting to
avoid an imminent or threatened System Emergency. They would be charged an
amount equal to twice the highest price that the ISO paid for Energy for each
hour in which the Participating Generator failed to respond. In addition, if,
during that hour, the ISO curtailed Load to manage a System Emergency other
than Load that has not been designated by agreement or regulation as
interruptible, the Participating Generator would pay an additional penalty of
$1000/MWh for the Energy that it failed to deliver.8
b) Allowed excuse:  The penalties would not apply if the Participating
Generator has notified the ISO (within the hour of instruction), and
subsequently demonstrates (documentation within 72 hours) , that its
Generating Unit, System Unit or System Resource was physically unable to
operate or that operation would violate a legal restriction that could not be
waived.

c) Applicable tariff sections. Amends portions of 5.6.1 .2 and .3. See
attachments A2/B2 to the filing.

d) Effective date: Same as the ISO,s new soft cap: 4 p.m. PST 12/8/00

e) Term:  I did not see any sort of sunset provision.

3) Load Imbalance Penalties

a) Summary: &Scheduling Coordinators who rely on that  market to serve their
Loads the ISO,s costs of obtaining Energy through bids above the proposed
soft price cap or through out-of-market Dispatches when bids are
insufficient. Specifically, those costs would be allocated to Scheduling
Coordinators in proportion to their Demand that appears unscheduled in
real-time (underscheduled Load) and Generation that is scheduled but does not
appear in real-time, except to the extent that the underscheduled Load or
undelivered Generation is balanced within the Scheduling Coordinator,s
portfolio.8  The costs of dispatching units that have bid above the Market
Clearing Price for Energy to Scheduling Coordinators in proportion to their
Net Negative Uninstructed Deviations (in essence, the amount by which their
metered Demand exceed their metered Generation). Cover letter, p. 10.

b) Net Negative Uninstructed Deviation (NNUD) defined: &The real time change
in Generation or Demand associated with underscheduled Load (i.e., Load that
appears unscheduled in real time) and overscheduled Generation (i.e.,
Generation that is scheduled in forward markets and does not appear in real
time). Deviations are netted for each BEEP Interval, apply to a Scheduling
Coordinator,s entire portfolio, and include Load, Generation, Imports and
Exports8

c) Applicable tariff sections. Amends portions of  11.2.4.2.1.  See
attachments A3/A3/B3 to the filing.

d) Effective date:  For loads scheduled for  12/12/00.  (Essentially, loads
scheduled on 11/11 for next day).

e) Term:  I did not see any sort of sunset provision.

4) Useful Info from the Detmers Declaration

a) &During the recent 7-day period from December 1, 2000 through December 7,
2000, planned Generating Unit outages have averaged roughly 4,000 MW. During
this same 7-day period, forced or unplanned outages of generating have be
very high, averaging approximately 7,000 MW. &
b) &For example, for the last four days (December 4, 2000 to December 7,
2000) we have purchased 255,000 MWh of OOM Energy. The cost of these
purchases were approximately $167 million. MWh.8  (Equivalent to an average
OOM cost of $655/MWh.)


John,

Attached is a spreadsheet that outlines the transactions with the Power Pool
today, specifically the $6.95 M that will be withheld as a security deposit
for Enron Canada Power Corp.  If you have any questions or concerns, please
give me a call.

 <<Enron Security Jan 29 2002.xls>>

Carol Moline
Financial Controller
Power Pool of Alberta
(403) 233-4686
carol.moline@powerpool.ab.ca

 - Enron Security Jan 29 2002.xls


REMINDER!

Interview Training will be held in the Mt Hood Conference Room at 2:00 PM Today!

See you there!


Mark, you should be there if possible.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 01/19/2001
08:16 PM ---------------------------
From: Kathy Dodgen@EES on 01/19/2001 05:56 PM
To: Kenneth Lay/Corp/Enron@ENRON, Jeff Skilling/Corp/Enron@ENRON, David W
Delainey/HOU/ECT@ECT, Marty Sunde/HOU/EES@EES, Rick Buy/HOU/ECT@ECT, Greg
Whalley/HOU/ECT@ECT, Mark Frevert/NA/Enron@Enron, Karen S Owens@ees@EES, John
J Lavorato/Corp/Enron@Enron, Steven J Kean/NA/Enron@Enron, Vicki
Sharp/HOU/EES@EES
cc: Rosalee Fleming/Corp/Enron@ENRON, Sherri Sera/Corp/Enron@ENRON, Kay
Chapman/HOU/ECT@ECT, Carol Moffett/HOU/EES@EES, Karen K Heathman/HOU/ECT@ECT,
Liz M Taylor/HOU/ECT@ECT, Nicki Daw/NA/Enron@Enron, Karen Owens/HOU/EES@EES,
Leasa Lopez/HOU/EES@EES
Subject: California Action and Next Steps Meeting. Monday, January 22

From Dan Leff:

A California discussion meeting has been scheduled for Monday, January 22,
immediately following the Executive Committee Meeting (approximately 12
p.m.).
Thank you.

Dan Leff

Rosalee - Can you please let me know if the Board Room is available for this
meeting (it's late Friday afternoon and I am unable to find out this
information).   I will call you on Monday.  Thanks for your help.

Kathy Dodgen
3-6077


I found her.

From: Jeff Dasovich on 04/13/2001 04:44 PM
Sent by: Jeff Dasovich
To: Richard Shapiro/NA/Enron@Enron
cc:

Subject: Re: My departure from ETS

Nice move.  She's a good find.  How much is the finder's fee?

	Susan Scott/ENRON@enronXgate
	04/13/2001 03:00 PM

		 To: David K Bargainer/ENRON@enronXgate, Staci Holtzman/ENRON@enronXgate,
Frazier King/ENRON@enronXgate, Dorothy McCoppin/ENRON@enronXgate, Janet
Cones/ENRON@enronXgate, Peggy Phillips/ENRON@enronXgate, Candace
Kyle/ENRON@enronXgate, Lee Huber/ET&S/Enron@ENRON, Tony
Pryor/ET&S/Enron@ENRON, Emily Sellers/ENRON@enronXgate, Jan
Cobden/ENRON@enronXgate, Denise LaGesse/ENRON@enronXgate, Philip
Crowley/ENRON@enronXgate, Steven Harris/ET&S/Enron@ENRON, Michelle
Lokay/ENRON@enronXgate, Lorraine Lindberg/Enron@enronXgate, Jeffery
Fawcett/ENRON@enronxgate, Darrell Schoolcraft/ET&S/Enron@ENRON, Shelley
Corman/ENRON@enronXgate, Elizabeth Brown/ET&S/Enron@ENRON, Dennis
Lee/ET&S/Enron@ENRON, Lindy Donoho/Enron@enronXgate, Lynn
Blair/ET&S/Enron@ENRON, Sheila Nacey/ET&S/Enron@ENRON, John
Buchanan/ET&S/Enron@ENRON, Ronald Matthews/ENRON@enronXgate, Bob
Burleson/Enron@enronXgate, Steve Weller/ENRON@enronxgate, Mary Kay
Miller/ET&S/Enron@ENRON, Glen Hass/ET&S/Enron@ENRON, Maria
Pavlou/ENRON@enronXgate, Dari Dornan/ET&S/Enron@ENRON, Martha
Benner/ENRON@enronXgate, Ann Smith/ENRON@enronXgate, Donna
Martens/ENRON@enronXgate, Mary Darveaux/ET&S/Enron@ENRON, Keith
Petersen/ENRON@enronXgate, Sharon Solon/ET&S/Enron@ENRON, Paul
Cherry/GPGFIN/Enron@ENRON, Ted Chavez/GPGFIN/Enron@ENRON, Ruth
Mann/ENRON@enronXgate, Stan Horton/Houston/Eott@Eott, Danny
McCarty/ET&S/Enron@Enron, Julie Armstrong/Corp/Enron@ENRON, Michael P
Moran/ENRON@enronXgate, Louis Soldano/ENRON@enronXgate, Colleen
Raker/ENRON@enronXgate, William E Brown/ENRON@enronXgate, TK
Lohman/ENRON@enronxgate, Don Powell/ENRON@enronxgate, Janet
Butler/ENRON@enronXgate
		 cc: Drew Fossum/ENRON@enronXgate, (bcc: Jeff Dasovich/NA/Enron)
		 Subject: My departure from ETS

As some of you might already have heard, I will move to Enron Corp.
Government Affairs on April 30.  My primary responsibility will be to advise
the power traders on regulatory and other matters.  While it will be
difficult to leave, I know this is a good opportunity for me.  Thank all of
you for your encouragement, advice and support; this is a great group and I
will miss working with you.


FYI - not sure if you got this or not.

cMe

-----Original Message-----
From: CRCommunications [mailto:CRCommunications@caiso.com]
Sent: Wednesday, April 24, 2002 8:31 AM
To: ISO Market Participants
Subject: CAISO NOTIFICATION - SI Unavailable Thursday April 25, 2002

		** URGENT NOTIFICATION:  SI Servers  UNAVAILABLE, Tomorrow,
April 25th, 2002 (14:20 to 14:50 pst) as we will Fallback to our server in
Alhambra.  It is anticipated that we will be running on our backup server
until Monday, April 29th.  You will be notified of any changes.
		***VERY IMPORTANT*** PLEASE NOTIFY ALL PERSONNEL OF THE
CHANGE TO THE SI SERVER TO ACCESS.

			Please submit all Hour Ahead schedules for April
25th,  HE  1800 and 1900 and Supplemental Energy schedules for, 1700 and
1800 prior to 1400.

				Once the fallback is complete and the SI
system is available, Please clear your memory and disk caches (Edit,
Preferences, Advanced, Cache) & close all Netscape windows (including
messages).  Restart Netscape and point your browsers to our Backup server by
utilizing the following URL: https://alhibk1b/iso.

		Please contact Benik DerGevorgian (916) 351-2277
bdgevorgian@caiso.com or Michael Glatz (916) 608-5727 mglatz@caiso.com if
you have any questions or concerns.

		Thank you,
ISO Market Operations

Client Relations Communications.0621
					CRCommunications@caiso.com


Sarah,

I wrote a couple paragraphs on the "standards and practices" section.  Essentially, they reinforce what was in the staff summary and add a little hint of some of the language Charles, Jim, you, and I have been working on re: support of an SSO.

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771

-----Original Message-----
From: Novosel, Sarah
Sent: Monday, October 29, 2001 2:25 PM
To: Rodriquez, Andy
Subject: RE: RTO Week - FERC Staff Perspectives

Andy:

For some reason, I cannot get email to list your name as a recipient, so I am sending this email to you as a reply to your email.  Anyway, I just sent this note out to the RTO team.  Let me know what you think.

Sarah

-----Original Message-----
From: 	Novosel, Sarah
Sent:	Monday, October 29, 2001 3:21 PM
To:	Walton, Steve; Roan, Michael; Perrino, Dave; Maurer, Luiz; Hueter, Barbara A.; Landwehr, Susan M.; Hoatson, Tom; Nicolay, Christi L.; Steffes, James D.; Alvarez, Ray; Shelk, John
Cc:	Robertson, Linda; Shapiro, Richard
Subject:	RTO Week Comments

Comments on FERC's RTO Week are due on November 3 (Saturday) so we would like to submit comments by the end of this week.  Some of us have briefly discussed the types of comments we may want to submit on behalf of Enron, and the attached list of "Talking Points" are issues that Christi and I put together for Rick during his Washington meetings last week.  These talking points focus on issues that were raised during RTO Week by panelists that we may want to address -- either because the point made was a good point that we want to highlight, or because the point made was wrong and we want to clarify the record.  We will use the talking points as an outline on issues to raise in our comments.

We also want to state up front in the comments that FERC is on the right track and that FERC has done a lot of analysis and studies to determine that "right sized" RTOs are in the public interest (this is in response to the negative comments made by the state commissioners that FERC is taking action that has not been proven to be beneficial to consumers).  We also want to make the point that RTO creation is not about retail access and does not impact whether or not a state offers retail choice.

Also attached is a link to FERC Staff's notes from RTO Week.  I have not reviewed these notes yet, but we may also want to respond to these notes in our comments using the same criteria as above; i.e., on areas where we feel that the point made was a good point that we want to highlight, or because the point made was wrong and we want to clarify the record.

Please review the Talking Points paper and the Staff Notes, and let me know what you think about this strategy.  I am writing the comments and welcome all help and input.

I hope to keep these comments limited (10 pages or so), so we need to stay focused -- raise the issue, make our point, and move on.

Thanks Everyone

Sarah

 http://www.ferc.gov/Electric/RTO/workshops/staffsummary.pdf

-----Original Message-----
From: Rodriquez, Andy
Sent: Monday, October 29, 2001 2:18 PM
To: Novosel, Sarah; Landwehr, Susan M.; Hawkins, Bernadette; Walton,
Steve; Roan, Michael; Perrino, Dave; Maurer, Luiz; Hueter, Barbara A.;
Landwehr, Susan M.; Hoatson, Tom; Alvarez, Ray; Steffes, James D.
Subject: RTO Week - FERC Staff Perspectives

FYI, FERC has posted their perceptions of the results of RTO week.  They look pretty good, for the most part.  We may want to make some comments to support or refute items as the case may be.  The summary is located at the following link:

http://www.ferc.fed.us/Electric/RTO/workshops/staffsummary.pdf

Andy Rodriquez
Regulatory Affairs - Enron Corp.
andy.rodriquez@enron.com
713-345-3771


The report named: NG - PROPT P/L <http://trv.corp.enron.com/linkFromExcel.asp?report_cd=11&report_name=NG+-+PROPT+P/L&category_cd=5&category_name=FINANCIAL&toc_hide=1&sTV1=5&TV1Exp=Y&current_efct_date=10/29/2001>, published as of 10/29/2001 is now available for viewing on the website.


Group,

We are short 50 mws in SP-15 for HE 7-22 on Wednesday at $61.44.  Please purchase this 50 mws under ST-WBOM.

St-Cali is short 50 mws in SP-15 for HE 7-22.  All deals should be under St-Cali in Enpower and CAPS.

St-SW is short 20 mws in SP-15 for HE 7-22.  All deals should be under St-SW in Enpower and CAPS.

If you have any questions please give me a call at 503-887-3449 or 503-274-0502

Thanks,
Bill


I just changed the rate on Algon/transport usage deal 233358 from $.26 to
$.0206.  We should get back 155,000 x $.2394 == $37,000 tonight.


We have scheduled a meeting to address the status of our discussions with GE,
and develop an organized approach to some issues.  The meeting will be held
at 130 in EB 38C2.

See you then,

Kay


You already knew this was ok with me I hope.

	Taffy Milligan
	08/16/2000 09:45 AM

		 To: Susan Bailey/HOU/ECT@ECT, Susan Flynn/HOU/ECT@ECT, Tana
Jones/HOU/ECT@ECT, Sara Shackleton/HOU/ECT@ECT, Carol St Clair/HOU/ECT@ECT,
Mark Taylor/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron, Jason
Peters/Corp/Enron@Enron, Mary Cook/HOU/ECT@ECT, Brent Hendry/NA/Enron@Enron,
Robert Bruce/NA/Enron@Enron
		 cc: Suzanne Adams/HOU/ECT@ECT, Erica Braden/HOU/ECT@ECT, Kaye
Ellis/HOU/ECT@ECT, Taffy Milligan/HOU/ECT@ECT, Becky Tlucek/HOU/ECT@ECT,
Chaundra Woods/HOU/ECT@ECT, Brenda Whitehead/HOU/ECT@ECT
		 Subject: Forms Meeting

Please be advised that the Forms Meeting has to be re-scheduled.  It looks
like Friday, 8/18, at 2:00 p.m. may work.  Please confirm at your earliest
convenience that this is ok.

Taffy
P.S.  I will send out a confirmation with Room No. when I hear from
everyone.

----- Forwarded by Taffy Milligan/HOU/ECT on 08/16/2000 09:40 AM -----

	Susan Bailey
	08/10/2000 09:28 AM

		 To: Sara Shackleton/HOU/ECT@ECT, Mark Taylor/HOU/ECT@ECT, Carol St
Clair/HOU/ECT@ECT, Tana Jones/HOU/ECT@ECT, Samantha Boyd/NA/Enron@Enron,
Robert Bruce/NA/Enron@Enron, Brent Hendry/NA/Enron@Enron, Mary
Cook/HOU/ECT@ECT, Stephanie Panus/NA/Enron@Enron
		 cc: Taffy Milligan/HOU/ECT@ECT
		 Subject: Forms Meeting

Good Morning Everyone,

The Swap Group will hold a Forms Meeting to discuss potential form changes to
our financial trading forms on:

Date:  Thursday, August 17th

Time:  10:30 a.m.

Location: Conference Room   EB38C1

Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3806A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
E:mail:  Susan.Bailey@enron.com


Eloise,

I shall buy one "Medium".

Vince

Eloise Meza@ENRON
06/20/2000 03:51 PM
To: Vince J Kaminski/HOU/ECT@ECT, Stinson Gibner/HOU/ECT@ECT, Vasant
Shanbhogue/HOU/ECT@ECT, Mike A Roberts/HOU/ECT@ECT, Joseph
Hrgovcic/HOU/ECT@ECT, Grant Masson/HOU/ECT@ECT, Tanya
Tamarchenko/HOU/ECT@ECT, Vincent Tang/HOU/ECT@ECT, Martin Lin/HOU/ECT@ECT,
Maureen Raymond/HOU/ECT@ECT, Paulo Issler/HOU/ECT@ECT, Patricia
Tlapek/HOU/ECT@ECT, Farouk Lalji/HOU/ECT@ECT, Kevin G Moore/HOU/ECT@ECT,
Shalesh Ganjoo/HOU/ECT@ECT, Cantekin Dincerler/HOU/ECT@ECT, Alex
Huang/Corp/Enron@ENRON, William Smith/Corp/Enron@ENRON, Yanna
Crystal/Corp/Enron@ENRON, Jose Marquez/Corp/Enron@ENRON, Chonawee
Supatgiat/Corp/Enron@Enron, Tom Halliburton/Corp/Enron@Enron, Elena
Chilkina/Corp/Enron@Enron, Brad Aimone/NA/Enron@Enron, Datren
Williams/NA/Enron@Enron, Sevil Yaman/Corp/Enron@Enron, Sofya
Tamarchenko/NA/Enron@Enron, Bob Lee/NA/Enron@Enron, Ainsley
Gaddis/NA/Enron@Enron, Gwyn Koepke/NA/Enron@Enron, Guiseppe
Paleologo/NA/Enron@Enron, Eloise Meza/NA/Enron@Enron, Zimin Lu/HOU/ECT@ECT,
Pinnamaneni Krishnarao/HOU/ECT@ECT, Alexios Kollaros/HOU/EES@EES, Osman
Sezgen/HOU/EES@EES, Amitava Dhar/Corp/Enron@ENRON, Kevin
Kindall/Corp/Enron@ENRON, Clayton Vernon/Corp/Enron@ENRON, Samer
Takriti/Enron Communications@Enron Communications
cc: Shirley Crenshaw/HOU/ECT@ECT
Subject: Research Group Denim Shirts

I am going to order denim shirts for the Research Group again.  If you do not
have one or need a new one, please let me know by Friday, June 23, 2000.

FYI - new group members
The Research Group will provide you with a long sleeve denim shirt that says
"Research Group" above the pocket.  The first shirt is free, any after that
you will have to pay for (approximately $45.00).

Please furnish me with your shirt size:  Men Or Women - Small, Medium, Large,
or Extra Large.

Thanks!


Team,

The attached spreadsheet identifies the manual entry points for each
pipeline.  Please send me additional points for your respective pipelines and
highlight in green.  Make particular note of any information that will be
tracked on a schedule other than the standard cycle schedule of the relative
pipeline.  The blue highlighted meters already exist in the database.  Where
appropriate add the IHS DRN.  If it does not exist, leave blank and the IT
group will create an ID using the description provided.  Please let me know
if you cannot get this done by the end of the day, since I'd like Hyde to
incorporate these first thing tomorrow.  Call me if you have any questions.

Mat


fyi

----- Forwarded by Sue Nord/NA/Enron on 04/16/2001 08:13 AM -----

	Anthony Duenner@ENRON COMMUNICATIONS
	04/16/2001 02:27 AM

		 To: Caroline Schaeffer/AP/Enron@ENRON
		 cc: Chor Lim Goh/SIN/ECT@ECT@ENRON, Lilian Low/SIN/ECT@ECT@ENRON, Fred
Cohagan/Enron Communications@Enron Communications, Sue Nord/NA/Enron@Enron
		 Subject: Re: Asia Partnership - Reg Recruiting for EBS

Caroline -- Thanks for your help.  I would like to get the ball rolling with
Asia Partnership asap Tuesday morning.  Perhaps you and I could talk this
afternoon so I can provide you with additional details regarding the
parameters of the search.  I am in the Singapore office (numbers listed
below) -- please give me a call when you have a minute.  Thanks.

Anthony Duenner
Enron Broadband Services Asia/Pacific
Office: 65 838 9036
Fax: 65 734 2868
Mobile: 65 9628 6320

	Caroline Schaeffer@ENRON
	04/13/01 12:49 PM

		 To: Anthony Duenner/Enron Communications@Enron Communications
		 cc: Lilian Low/SIN/ECT@ECT, Chor Lim Goh/SIN/ECT@ECT
		 Subject: Asia Partnership - Reg Recruiting for EBS

Anthony,
I will be contacting Asia Partnership regarding Regulatory Recruiting for EBS
in Singapore on Tuesday when they return from Easter holiday.  As I
understand from Nick, you have two finalist candidates but would like to see
if AP can produce anyone quickly for you.  Asia Partnership will most likely
ask you for a retainer for this search (30 - 40% of total expected fee), but
I will find out how soon they would expect to have candidates ready for
interview before I tell them that we're 100% interested in moving forward.
Lilian/Chor Lim,
I'm going to hand this over to you to manage with Lucy Marshall of AP once I
speak with her next week.  Lets plan on introduction via telephone Tuesday or
Wednesday depending on how quickly they can produce for us.  I'm working to
negotiate a preferred provider agreement, but have not yet managed to get any
fee discounts.
Thanks,
Caroline

Caroline Schaeffer
Sr. Human Resources Representative
Enron Japan
caroline.schaeffer@enron.com


Dear Sir's

Vessel sailed from Algeciras 2nd. 0600lt (0400utc)
Eta Port Said 6th. 1600hrs. lt.

Statement of fact - Algeciras.

30th. Apr. 0542lt: Voyage interrupted. ROB Fo 2893mt. Go 153mt.
           0730lt: Drop anchor OPL Algeciras.
           0750lt: Well anchored, FWE.
           0858lt: Bunkerbarge "V.B.Veronica" alongside.
           0954lt: Bunkerbarge, all fast.
           1036lt: Bunkerhose connected.
           1130lt: Commence bunkering HFO.
           1806lt: Compl. bunkering, rec. 2300mt.
           1835lt: Bunker hose off.
           1930lt: Bunkerbarge off.

02nd. May  0420lt: Engine tested.
           0423lt: Commence heaving on anchor.
           0435lt: Anchor aweight.
           0600lt: Cont. sea voyage. ROB Fo 5173mt. Go 128mt.

Brgds Oe. Hansen
Master

E-mail: master.gall@hoegh.no
Teleph: Inmarsat tel.no.+874 330853910
Fax   : Inmarsat fax no.+874 330853913
Telex : Inmarsat B telex no.+584 330853915
Telex : Inmarsat C telex no.+584 430853910 (24hrs.watch)


Juan Padron in Rogers' group is checking on this company's positions.

 -----Original Message-----
From: 	Nettelton, Marcus
Sent:	Thursday, December 06, 2001 10:04 AM
To:	Sharp, Vicki
Cc:	Sager, Elizabeth; Nicolay, Christi L.; Bradford, William S.; Sacks, Edward; St. Clair, Carol; Novosel, Sarah; Steffes, James D.; McCullough, Travis
Subject:	Enron Energy Marketing Corp.
Importance:	High
Sensitivity:	Confidential

Vicki

Enron Energy Marketing Corp.("EEMC") has bonds posted with the ISO New England ("ISO-NE") with a value of $14,423,297.39. I am led to believe that this entity is an Enron Energy Services, Inc. ("EESI") entity which bought some assets from PG&E, possibly.

In order to maximise our credit flexibility and minimise our collateral obligations would you be kind enough to advise as to whether this entity is trading or requires NEPOOL to fulfill any obligations to customers and if not, we would want to cancel the bond.

If indeed the bond is needed, could you see if there is a way to transfer the obligations which require the bond to be in place for EEMC, from EEMC to EESI, in order that we can position ourselves to cancel the bond. In respect of any such transfer we would want to ensure that there was no increase in the obligation upon EESI as to the amount of the bonds required to be posted. EESI currently has $20,000,000 in bonds posted with ISO-NE.

If ISO-NE required the amount of the bonds to be increased, in the event that the obligations of EEMC were transferred to EESI, Travis, please could you advise as to whether the DIP financing agreements will permit us to issue new bonds, if the net effect was to reduce the amount of bonds issued as between all Enron entities.

Marcus


I'm just going to say that a permit app has not been submitted, then.

Mitch

From: Gus Eghneim on 10/24/2000 01:37 PM
To: Mitch Robinson/Corp/Enron
cc:

Subject: Re: FW: Questions/Wheatland

Mitch - Whether or not we qualify to even apply for an NPDES permit is
contingent upon the results of the mercury sampling. If the Mercury
concentration is greater than 12 ppt, we can not apply for a permit. This is
a very low threshold and it is likely that we are not going to meet it. The
sampling was done last week, but the results are not out yet. If the results
show that we can meet the mercury limit, we still need to assess the cost of
building a 3-mile pipeline to the white river. We have not yet given
authorization to do this study. Ross Newlin is taking the lead on this.

If everything goes well, we may be able to submit an application by middle of
December at the earliest.

Gus

	Mitch Robinson
	10/24/2000 01:02 PM

		 To: Gus Eghneim/Corp/Enron@Enron
		 cc:
		 Subject: Re: FW: Questions/Wheatland

Thanks Gus.  Does 4.g.  look right?  If so, do you have an estimated date?
I'm assuming you're working on it, not Dave.

Mitch

From: Gus Eghneim on 10/24/2000 12:54 PM
To: Mitch Robinson/Corp/Enron
cc: Chris Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Don Miller/HOU/ECT@ECT,
Gus Eghneim/Corp/Enron@Enron, Richard Broussard/Corp/Enron@Enron, Stuart
Zisman/HOU/ECT@ECT

Subject: Re: FW: Questions/Wheatland

Protocol for CEMS approval - CEMS must be installed, certified, and quality
assured as per the acid rain requirements contained in the Code of Federal
Regulations (CFR) Part 75. The process involves performing a series of
initial tests, including Relative accuracy test audits (RATAs), linearity
checks, cycle/response time checks, and calibration drifts.  It also involves
significant recordkeeping and reporting requirements.

Gus

	Mitch Robinson
	10/24/2000 09:38 AM

		 To: Chris Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Richard
Broussard/Corp/Enron@Enron
		 cc: Gus Eghneim/Corp/Enron@Enron, Don Miller/HOU/ECT@ECT, Stuart
Zisman/HOU/ECT@ECT
		 Subject: FW: Questions/Wheatland

Please see comments in #4 below.

Mitch
---------------------- Forwarded by Mitch Robinson/Corp/Enron on 10/24/2000
09:31 AM ---------------------------

Don Miller@ECT
10/24/2000 09:21 AM
To: Ben Jacoby/HOU/ECT@ECT, Chris Norris/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Jeffrey Keenan/HOU/ECT@ECT, Mike J Miller/HOU/ECT@ECT, Mitch
Robinson/Corp/Enron@Enron, Stuart Zisman/HOU/ECT@ECT
cc:

Subject: FW: Questions

> 4.  Initial Wheatland Visit Questions:
>
>  a.  Please provide copies of the Westinghouse performance data.
Rick, have we been able to come up with a summary sheet on the performance
tests?

>  b.  Confirm that all warranties are in name of LLC or transferable
> to LLC.
Stuart, this one is probably more in your bag. I would suggest that we state,
all bidders should assume that warranties will be placed in the LLC's name
prior to closing and that all warranties are fully transferable.  (Note that
currently, the warranties are not in the LLC's name, but are in ENA's name).

>  c.  What is the protocol for CEMS approval.
Gus, can you take a stab at this one?

>  d.  Provide water quality test results.
Don, this should now be in the DD room.

>  e.  Provide all outage reports.
Rick/Brent, do we have all of these?  Any problem with providing them?

>  f.   Provide overhaul budgeting.
Don, not yet developed.  Overhaul budgeting will be completed as any
scheduled overhaul reaches the near-term horizon.  Our method of budgeting
for overhauls is to accrue maintenance dollars for every start (approx $1500
per start).  We continually re-evaluate whether we are starts based or hours
based.  Currently, we remain starts based maintenance.

>  g.  Provide copy of application for discharge permit.
Application has not yet been submitted.  We have only entered initial
discussions with the state.  We will submit the application once developed -
- currently expected by xxxxx date (Gus, please verify this is true).

>
>


Susan and Susan:
Marie and I are going to attempt this week to send out to all of our omnibus
counterparties the revised form of Annex A.  We are trying to complete this
by this Friday.  This may involve a significant amount of Marie's time  which
may result in you having to cover for her on new matters this week if she
needs help.  Thanks.

Carol


Done. I'm moving in! Can I borrow your lawn mower? I need to decide what I am going to do with my ride. I think I am going to bring it with me and buy a set of winter wheels and some killer winter tires. Don't you have a tire guy?

 -----Original Message-----
From: 	Rob Laird <RLaird@natsource.ca>@ENRON
Sent:	Thursday, August 09, 2001 10:02 AM
To:	Dorland, Chris
Subject:	RE:

1 block away....

-----Original Message-----
From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
Sent: Thursday, August 09, 2001 9:02 AM
To: RLaird@natsource.ca
Subject: RE:

Lee Clarke... Sounds like a fag. Garrison woods that is the place my mom
was talking about. Do you live near there?

    -----Original Message----- [Dorland, Chris]
   From:   Rob Laird <RLaird@natsource.ca>@ENRON
   Sent:   Thursday, August 09, 2001 9:39 AM
   To:     Dorland, Chris
   Subject:  RE:

   Nice brownstones in garrison woods, the remodeled area of altadore, that
   area offers lots of options from apartment condo's to houses to
   townhouses
   etc. Kerri? Haven't seen here for a while, hear she is pretty serious
   with a
   guy named Lee Clarke....

   -----Original Message-----
   From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
   Sent: Thursday, August 09, 2001 8:35 AM
   To: RLaird@natsource.ca
   Subject: RE:

   I really want to live in Altadore. I hear that is where all the fly
   bitches
   hang. I don't know to be honest Killarney / Altadore / West Hillhurst ?
   Close to downtown. I am thinking infill / townhouse. My mom has a friend
   who says there are nice brownstone townhomes in Altadore. I am thinking
   of
   checking those out. I am looking for minimal maintenance. Do you have
   any
   ideas? Seen Kerri Murray lately?

   CD

       -----Original Message-----
      From:   Rob Laird <RLaird@natsource.ca>@ENRON
      Sent:   Thursday, August 09, 2001 8:39 AM
      To:     Dorland, Chris
      Subject:  RE:

      Where do you want to live, which area, condo/house?

      -----Original Message-----
      From: Chris.Dorland@enron.com [mailto:Chris.Dorland@enron.com]
      Sent: Wednesday, August 08, 2001 2:49 PM
      To: RLaird@natsource.ca
      Subject: RE:

      Actually lots. Keep this on the QT for now but this kid is moving
   back
      to
      cow town. I'll be in town next week shopping for somewhere to live.
   Just
      in
      time for ski season.

      Later

      Chris

          -----Original Message-----
         From:   Rob Laird <RLaird@natsource.ca>@ENRON
         Sent:   Wednesday, August 08, 2001 2:56 PM
         To:     Dorland, Chris
         Subject:

         What up dog?

   **********************************************************************
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   affiliate
      and
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   the
      intended recipient (s). Any review, use, distribution or disclosure
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      intended to be an offer (or an acceptance) and do not create or
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New CP under 595518 is being set up tomorrow.  Can you please provide me with
a phone number so GCP can confirm their information?  Please copy Bernice
also.


i will be in vegas.  send her my regards.


Unless the Commission specifically asked parties to describe how active they
intend to be, I don't see any problem with simply stating that we will be a
party to the case.

Best,
Jeff


The information contained herein is based on sources that we believe to be
reliable, but we do not represent that it is accurate or complete.  Nothing
contained herein should be considered as an offer to sell or a solicitation
of an offer to buy any financial instruments discussed herein.  Any
opinions expressed herein are solely those of the author.  As such, they
may differ in material respects from those of, or expressed or published by
on behalf of Carr Futures or its officers, directors, employees or
affiliates.  ? 2001 Carr Futures

The charts are now available on the web by clicking on the hot link(s)
contained in this email. If for any reason you are unable to receive the
charts via the web, please contact me via email and I will email the charts
to you as attachments.

Crude     http://www.carrfut.com/research/Energy1/crude29.pdf
Natural Gas     http://www.carrfut.com/research/Energy1/ngas29.pdf

Distillate and Unleaded charts to follow.

Nov WTI/Brent Spread
http://www.carrfut.com/research/Energy1/clx-qox.pdf
Dec Heat Crack     http://www.carrfut.com/research/Energy1/heatcrack.pdf
Dec Gas Crack     http://www.carrfut.com/research/Energy1/gascrack.pdf
Dec/May Heat Spread     http://www.carrfut.com/research/Energy1/hoz-hok.pdf
Jan/Feb Heat Spread     http://www.carrfut.com/research/Energy1/hof-hog.pdf
Nov Gas/Heat Spread     http://www.carrfut.com/research/Energy1/hux-hox.pdf
Dec Gas/Heat Spread     http://www.carrfut.com/research/Energy1/huz-hoz.pdf
Nov/Mar Unlead Spread
http://www.carrfut.com/research/Energy1/hux-huh.pdf

Nat Gas Strip Matrix
http://www.carrfut.com/research/Energy1/StripmatrixNG29.pdf
Nat Gas Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixNG29.pdf

Crude and Products Spread Matrix
http://www.carrfut.com/research/Energy1/SpreadmatrixCL29.pdf

Scott Oblander
312-762-1015
312-762-1014 fax
Carr Futures
150 S. Wacker
Suite 1500
Chicago, IL 60606


Attached is a letter from Jeff Hodge.


Bill Hogan will convey to you are strong concern over the unnecessary
criticism of the Governor, on page 4 of the Summary,  Assuming this is
removed/fixed, I would like to be included as a supporter.

I have two or three other minor "fixes" where the current text could be
read as inconsistent with the main points in the Manifesto.  See attached.

Regards,
John Chandley

(See attached file: Manifesto-final version -- jc edits.doc)

William W. Hogan
John F. Kennedy School of Government
Harvard University
79 John F. Kennedy Street
Cambridge, MA 02138
617-495-1317 (o)
617-495-1635 (f)
email: william_hogan@harvard.edu
web page: www.whogan.com
or
http://ksgwww.harvard.edu/people/whogan

David Teece <teece@Haas.Berkeley.EDU> on 01/24/2001 11:56:11 AM

To:   tyson@haas.berkeley.edu, tom_campbell@law.stanford.edu,
      shmuel@euler.berkeley.edu, willrichm@aol.com, george_barker@lecg.com,
      cdanner@wilkandassociates.com, gilbert@econ.berkeley.edu,
      scott_harvey@lecg.com, jscadding@wilkandassociates.com,
      spiller@haas.berkeley.edu, mwilk@wilkandassociates.com,
      phillip_mcleod@lecg.com, berk@haas.berkeley.edu,
      john_chandley@lecg.com, jdasovic@enron.com,
      lfried@uclink.berkeley.edu, william_hogan@harvard.edu,
      rmichaels@fullerton.edu, richard.rumelt@anderson.ucla.edu,
      rschmidt@lecg.com, pverleger@compuserve.com,
      joseph.mullinix@ucop.edu, steven@stoft.com
cc:   peter.gosselin@latimes.com

Subject:  Final Version-Manifesto

TO:?? Colleagues

SUBJECT:? Final Version

I've done my best to include your very helpful comments.? The document now
also contains a summary.

I would like your endorsement, by noon PST (Wednesday) if possible.? A
number of you have already indicated you would sign it.? Also, Tom Campbell
has indicated he will try to recruit Ken Arrow.? I believe one of you
agreed to recruit Dan McFadden.? Laura is working on Larry Summers.? Solow
would be a great addition, too.

Can we agree on the following division of labor from here out:

1.? Recruiting others:? All

2.? Media representatives:? Campbell, Tyson, Spiller, Verlerger, Wilk,
Teece, and Hogan (This is by no means meant to preclude anyone contacting
the media after we go public.)

??? On media, we are giving the LA Times a 24-hour exclusive.? We won't
release to other media sources until 9:00 AM Thursday.

Many thanks for your involvement and endorsements.

(See attached file: Manifesto-final version.doc)
======================================
David J. Teece, Director
Institute of Management, Innovation and Organization
F402 Haas School of Business #1930
University of California, Berkeley
Berkeley, CA  94720-1930
Phone:  (510) 642-1075
Fax:  (510) 642-2826
http://haas.berkeley.edu/~imio
======================================

 - Manifesto-final version -- jc edits.doc
 - Manifesto-final version.doc


Tyrell,  I have made some revisions to the latest drafts of  the letter
agreement and your cover letter.  Please review.  As I noted earlier, Barry
indicated he had some language that he wanted to revise concerning the mark
to market.  I have not been able to contact him yet.  So unless Mark and
Barry have talked, probably need to hold these until you or I hear from Barry.

Also, if we are going to do any of these transaction with a Canadian party,
Peter Keohane and Eric Ledain need to comment on this form.  I have sent them
an earlier version and I am copying them here.

I will be in a meeting until about 3:30 pm central and will be available
after that.

I again want to reiterate, that if the assignment takes place after the firm
transport agreements are signed, Kern could require the assignment to be done
via the capacity release bidding procedures of their tariff.  I noticed that
one of the packages is less than 1 year in term.  This means it could also be
bid up in excess of max rate.  Anything over 1 year could only be bid to max
rate.    We may want to add a provision that to the extent the capacity is
assigned via capacity release and it is bid up beyond max rate, ENA will have
no obilgation to take the capacity and make the mark to market payment.
Probably need to discuss this with Mark.


Congrats Kim. Having heard the rumor on the street about the success you
folks have enjoyed this quarter, I'd say you couldn't have timed the move
any better. The next time I am in Houston (which will be the first time)I am
expecting to have you show me the town. I'll give you enough notice so you
can book the next day off sick.

Sound O.K.?

It was good to hear from you.

Talk to you sometime soon.

Cheers

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Friday, March 30, 2001 10:15 AM
To: scott.connelly@mirant.com
Subject: RE: HI

Congratulations on a healthy new baby!  Tyler is sort of a southern name -
I like it!  As for me - I got a call last November to come back and market
gas in the west.  I didn't think there was much going on out there but
decided to go for it for personal reasons.  got here Jan. 2 and gas had
completely blown out in the west.  So far, it seems like it was a good move
for me.

My house in PDX sold in 4 days and I came to Houston between Christmas and
New years and found a place here.  Still trying to move in as I can't get
anything done during the week!  Just had new blinds put in yesterday.

Let me know if you are ever in town - keep in touch

Kim

"Connelly, Scott" <scott.connelly@mirant.com> on 03/29/2001 09:18:05 AM

To:   "'Kim.Ward@enron.com'" <Kim.Ward@enron.com>
cc:
Subject:  RE: HI

Hey you. I didn't know you were in Houston. You are over there on the gas
side?! WOW!! When did that happen?
You always did like Houston didn't you. I bet you are having a great time
doing gas. It is quite a market these days.

I didn't go to Phoenix because I just had a baby boy. Tyler is his name. He
was born March 6th. I have a couple of boys now  they will be just fine if
they take after their daddy.

Other than the new arrival things are pretty much steady in my life. Things
are going very well here at Mirant (quite the new name eh!).

Give me an update on your life - being in Houston and all now.

Talk to you soon

Cheers

-----Original Message-----
From: Kim.Ward@enron.com [mailto:Kim.Ward@enron.com]
Sent: Thursday, March 29, 2001 10:06 AM
To: Scott.Connelly@southernenergy.com
Subject: RE: HI

Scotty,

Didn't see you in Phoenix last week - I actually was in PHX for meetings
and crashed the power party!  How are things?  Houston is good and gas is
great right now.  Let me know how you are -

Kim


Comments are due by 6/11 on the FERC order proposing to reimpose price caps
on short term capacity releases into the CA markets.  This is in response to
the complaints filed by SDG&E and LADWP to deal with the high gas prices in
CA and both parties requested this relief.  The attached first draft is the
ENA/EES response to the FERC request for comments.  Please review and return
comments, etc. to me and Becky so we can coordinate the changes.  And please
forward to anyone I may have left out who should have been included above.


I think if once you get full access  you could have your assistant plug in
the required data for on each ISDA Master in place or draft you have out to
counterparties.  When you come here I would like to spend just a little time
going over some of the data and the reporting funtions.  I am going to open
an Enron counterparty called short name "Enron Australia" and that should be
the code name you should use.  Please do not change the entries on any of the
Houston or London based counterparties.

	David Minns@ENRON_DEVELOPMENT
	08/17/2000 06:31 PM

		 To: Tana Jones/HOU/ECT@ECT
		 cc: Mark Taylor/HOU/ECT@ECT, Alison
Keogh/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT, Robert
McGrory/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
		 Subject: Re: Financial Trading Legal Database

   I fully endorse Mark's suggestion to load up our ISDAs. A worldwide data
dase of this nature is a valuable resource.  I have access to the data base
and refer it. Getting our contracts on is on my to do list. What is the best
way forward.   Yes I will be over in October, I fact I will staying a month.
However, if there is anything we can do to get info loaded up sooner? We are
most willing to put in the resources.

When access is being granted could it also be given to my Admin assistant
Alison Keogh and also Rob McGrory who is also working under my direction on
ISDA documentation.

Thanks for taking the initative on this matter.

From: Tana Jones@ECT on 17-08-2000 09:43 CDT
To: David Minns/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT
cc: Mark Taylor/HOU/ECT@ECT

Subject: Financial Trading Legal Database

David,

Mark Taylor asked me to talk to you about getting your ISDA Masters inputted
into our Financial Trading Database.  This databse is the central master
database where we keep records of the financial agreements in either draft
form or that have been executed.  London currently updates this database to
manage  its (and Singapore's) financial contracts and I would like to get the
Australian agreements plugged into the system.

This database serves a number of purposes.  First, it is our core memory of
contract negotiations.  Anyone in Legal and Credit around the world can take
a look at this database and determine who we have entered into contract with
and what negotiation issues may be at issue.  It is critical as we become a
global trading company that we are consistent in the legal positions we take
on these financial contracts.  For instance, it would be quite problematic if
someone in Houston was negotiating a contract with an ISDA counterparty and
asserted that a certain position was critical, if we find out a lawyer in
another office was negotiating with the same counterparty and gave on the
same position the day before.  We need to make a somewhat coordinated effort
on the counterparty front.

In addition, with so many masters and so many counterparties there is just no
way to keep track of what we have said or done unless we have a database.

Further, we use the information in the database to respond to inside
auditing, reporting and insurance inquiries.

For online trading, I check the database to see if we have a financial master
agreement and what trading restrictions we may or may not have in place.
Global contracts uses this database to confirm their financial contract
records and approval for online trading.

For both Houston and London we use the database to communicate with our
Clients, whether traders or  back office support people.  Employees outside
legal have  limited view access only to see all the information except the
confidential Legal and Credit comments.  They have no edit capabilities.  The
database also has some reporting functions that we and London Legal have
found helpful.

You should have gotten my email to Mike Neves, out database coordinator
requesting full edit access for you.  It usually takes a few days.  Once you
get access maybe you could find some time to surf the database, and we can
figure out how to get your ISDA data inputted..

Are you coming to the ENA Legal Conference in October?  That would be a good
time for me to do a full review of this database with you.