W E D N E S D A Y   E V E N I N G   E X T R E M E   M A R K E T S
A complimentary service from INO.com ( http://www.ino.com/ )

Wednesday: The CRB Index has gained 1.90 points to 193.49. The
US Dollar Index moved lower 0.24 points to 117.85.

The Dow Industrials moved up 52.73 points, at 10088.07, while
the S&P 500 moved up 4.72 points, last seen at 1149.37. The
Nasdaq Composite edged higher by 16.22 points to 1960.70.
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E X T R E M E   M A R K E T   C O M M E N T A R Y
_____________________________________________________________________

The STOCK INDEXES http://quotes.ino.com/exchanges/?c=indexes

Stock indexes were higher on Wednesday due to strength in technology
stocks. However, light profit taking ahead of the close tempered some
of today's gains leaving the door open for sideways trading on
Thursday. The NASDAQ remains above the 25% retracement level of this
fall's rally crossing at 1905.53. Momentum indicators remain bearish
signaling that sideways to lower prices are possible into
early-January. The March S&P 500 index also closed higher on
Wednesday but ended the day near mid-range, which leaves the door
open for sideways trading on Thursday. March continues to rebound off
the 25% retracement level of this fall's rally crossing at 1120.66.
However, closes above December's high crossing at 1176 are needed to
renew this fall's rally. Until then, March may decide to correct more
in time than price, which would be long-term bullish.

The Dow closed higher on Wednesday as better-than-expected holiday
retail sales from Wal-Mart and Yahoo! Underpinned today's rally. Tech
stocks found light support as investors bought on the hope that this
sector and the economy would benefit from consumer's willingness to
buy. Wal-Mart stock rose $1.11 per share to $58.24. Yahoo! Also rose
by $1.13 to $17.80 after the online company reported holiday sales
rose by 86% from the previous year. The Dow fell just short of
testing its early December high of 10,169.40. Closes above this
resistance level are needed to renew this fall's rally. The Dow
closed just below the 62% retracement level of the May/September
decline crossing at 10,094.10 at 10,088.

INTEREST RATES http://quotes.ino.com/exchanges/?c=interest

March T-bonds closed lower on Wednesday due to strength in the equity
markets. March opened lower and extended losses throughout the
session as it extended its setback off last week's high, which spiked
above this fall's downtrend line. Until March bonds close above
December's reaction high crossing at 102-05, the near-term trend will
remain sideways possibly into early-January. Stochastics and the RSI
are bullish signaling that sideways to higher prices are possible
near-term.

The CRB INDEX http://quotes.ino.com/exchanges/?c=indexes

The CRB index closed sharply higher on Wednesday due to strength in
cattle, precious metals, fiber, and energies. Today's new high close
for December has set the stage for a possible test of the 25%
retracement level of this year's decline crossing at 194.76. Closes
above this resistance level and this year's downtrend line crossing
near 195.35 are needed to confirm that a major bottom and trend
change has taken place. Stochastics and the RSI are bullish signaling
that sideways to higher prices are possible into the early-January.

ENERGY MARKETS http://quotes.ino.com/exchanges/?c=energy

The energy markets closed sharply higher on Wednesday, as OPEC
appears more certain of announcing on Friday an output cut of 2
million barrels of crude oil per day beginning January 1.

February crude oil closed sharply higher on Wednesday and above the
previous reaction high crossing at 21.05 thereby opening the door for
a larger-degree rebound into January. Session highs fell short of
testing the 38% retracement level of this fall's decline crossing at
21.77. If this resistance level is cleared, November's high crossing
at 22.83 is a possible target in early-January. Stochastics and the
RSI are bullish signaling that sideways to higher prices are possible
near-term.

February heating oil closed into new highs for December on Wednesday
thereby negating the possibility that last week's high marked a
double top. Wednesday's high-range close opens the door for
additional gains into early-January with November's reaction high
crossing at 64.35 being the next likely upside target. Stochastics
and the RSI are bullish signaling that sideways to higher prices are
possible near- term.

February unleaded gas soared to new highs for December as they
exceeded minor resistance crossing at 57.90 and filled November's gap
at 59.80. Today's high-range close sets the stage for follow-through
buying on Thursday. If the rally continues, November's high crossing
at 62.31 is February's next target. Momentum indicators are becoming
overbought but remain bullish signaling that additional gains are
possible into early-January.

February Henry Hub natural gas closed slightly higher on Wednesday
thereby confirming last Friday's breakout above this fall's downtrend
line. Extended weather forecasts are calling for below normal temps
to persist across the Midwest and eastward through the weekend before
a small warm up is possible. Unless there is an extended period of
time of below normal temps across high demand regions of the country,
upside potential remains limited due to the abundant supplies of
natural gas in storage. Short-term momentum indicators are bullish
signaling that sideways to higher prices are possible into
early-January. If the rebound continues, November's reaction high
crossing at 3.165 is February's next target.

CURRENCIES http://quotes.ino.com/exchanges/?c=currencies

The March Dollar closed slightly lower on Wednesday due to light
profit taking as it consolidated some of Monday's gains.
Nevertheless, March remained above broken resistance marked by
November's high, which crosses at 118.27. If the rally continues, the
75% retracement level of this summer's decline crossing at 119.57 is
March's next upside target. Trend-following indicators such as the
ADX are entering bullish trend modes signaling that sideways to
higher prices are possible into early-January.

The March Swiss Franc closed slightly higher on Wednesday due to
light short covering after spiking below September's low crossing at
.5860 in early trading. Today's high-range close leaves the door open
for additional short covering on Thursday. However, the recent
breakout below this fall's trading range has opened the door for
sideways to lower prices into early-January. If the decline
continues, fib support crossing at .5722 is March's next target.

The March Canadian Dollar closed lower on Wednesday and below the 75%
retracement level of November's rally crossing at .6273. Momentum
indicators are bearish signaling that sideways to lower prices are
possible into early-January. If the decline continues, November's low
crossing at .6230 is March's next target.

The March Japanese Yen plunged to new contract lows on Wednesday as
it continues to accelerate towards monthly fib support crossing at
.7568. The daily ADX is bearish signaling that additional weakness is
possible into early- January.

PRECIOUS METALS http://quotes.ino.com/exchanges/?c=metals

February gold closed higher on Wednesday as it extended its rebound
off last week's low. Closes above last week's high crossing at 281.40
are needed to renew February's rebound off December's low. Closes
above November's high crossing at 283.30 would open the door for a
larger-degree rebound as the new year begins. Stochastics and the RSI
are bullish signaling that sideways to higher prices are possible
into early-January.

March silver closed slightly lower on Wednesday due light profit
taking as it consolidated some of its recent gains. If the rally
continues, the 62% retracement level of this fall's decline crossing
at 4.51 is March's next target. Stochastics and the RSI are very
overbought however, the ADX is bullish signaling that additional
gains are possible into early-January.

March copper closed higher on Wednesday as it extended last Friday's
rebound off the 50% retracement level of November's rally crossing at
67.50. Closes above the reaction high crossing at 69.45 are needed to
confirm a bottom has been posted. Short-term momentum indicators are
turning bullish signaling that sideways to higher prices are possible
into the end of the year.

GRAINS http://quotes.ino.com/exchanges/?c=grains

March corn closed lower on Wednesday as they broke out below
November's low at 2.10 1/4 to post a new contract low. While a short
covering bounce is possible on Thursday, the door has been opened for
a possible test of weekly support crossing at 2.04 1/4 later this
winter. Short-term momentum indicators are bearish signaling that
sideways to lower prices are possible into early-January. Today's
sell off was triggered from increased fears that Argentina will be an
aggressive seller of wheat and corn early next year due to their
precarious economic and political situation. Additional pressure came
from uncertainty over China's corn supply situation, which paints a
bearish picture for U.S. corn exports.

March wheat closed lower on Wednesday due to fund selling. Spillover
weakness from corn and soybeans along with lackluster wheat export
shipments weighed on prices throughout the day. March wheat is
challenging minor trendline support drawn across this month's lows,
which crosses near 2.83. Closes below this support level would open
the door for a test of December's low crossing at 2.77 and then this
fall's low at 2.73 later this winter. While there was some talk about
a lack of snow cover across the Plains, which could lead to possible
winter kill, temps would have to remain below normal for a few weeks
before these concerns are taken seriously by the market. Today's
decline turned stochastics and the RSI bearish signaling that
sideways to lower prices are likely into early-January.

SOYBEAN COMPLEX http://quotes.ino.com/exchanges/?c=grains

January soybeans closed sharply lower on Wednesday, as South American
weather is not considered a major threat to big crops at this point
in time. Additional pressure came from political and economic
uncertainty in Argentina. Trading volume was light today as it did
not take much selling to push the market sharply lower on the day.
The low-range close leaves the door open for additional selling on
Thursday. Closes below this fall's low crossing at 4.26 1/4 would
renew the larger-degree downtrend while opening the door for a
possible test of weekly support crossing at 4.17 1/2 later this
winter.

January soybean meal closed lower on Wednesday thereby confirming
last Friday's downside reversal. Today's sell off was somewhat of a
surprise to the market given the below normal temps, which have moved
across the Midwest since the weekend. Extended weather forecasts are
calling for below- normal temps to continue for the next 10-days.
Despite this bullish weather forecast, Wednesday's low-range close
sets the stage for follow-through weakness on Thursday. Closes below
December's low crossing at 147.60 would renew this fall's decline
while opening the door for a possible test of May's low crossing at
146.

LIVESTOCK http://quotes.ino.com/exchanges/?c=livestock

February hogs closed lower on Wednesday due to light profit taking as
it consolidated some of its recent gains. Today's round of profit
taking may continue into Friday's quarterly hogs and pigs report due
out Friday after the close. Pre- report estimates are as follows.

All hogs and pigs 99.9% (range 98.9-101%)

Kept for breading 99.3% (range 98.5-101.5%)

Kept for marketing 100.1% (range 99-101%)

Trading is likely to remain subdued on Thursday with cash bids called
steady to firmer. Multiple closes above this summer's downtrend line
crossing near 56.40 are needed to keep February's rally off
December's low alive. Stochastics remain bullish signaling that
sideways to higher prices are possible into early-January.

February cattle closed modestly higher on Wednesday due to a
late-session rally triggered by hopes for higher cash bids later this
week. Additional support came from expectations that this week's
Showlists would be lighter than last week. Gains were limited due to
futures premium to the cash market. Momentum indicators remain
bullish signaling that sideways to higher prices are possible into
early-January. If the rally off December's low continues, this fall's
high crossing at 73.50 is a potential target later this winter.

FOOD & FIBER http://quotes.ino.com/exchanges/?c=food

The coffee market was closed today. Here is a recap of last Friday's
trade. March coffee closed sharply lower on Friday as it posted a key
reversal down ahead of the Christmas Holiday weekend. Locals and
funds were late sellers as they took advantage of thin pre-holiday
trading volume. Additional weakness next week is needed to confirm
today's bearish reversal pattern. Closes below 44.75 would confirm a
breakout into new contract lows thereby opening the door for a
possible test of psychological support crossing at 40- cents later
this winter.

The cocoa market was closed today. Here is a recap of last Friday's
trade. March cocoa posted a quiet inside day with a slightly higher
close on Friday as it continues to consolidate below Wednesday's gap
crossing at 1297. Momentum indicators have turned bearish with this
week's setback thereby increasing the odds that a short-term top is
in place. If the decline resumes next week, December's low crossing
at 1212 is March's next target. Closes below 1212 would open the door
for a larger-degree decline into January.

The sugar market was closed today. Here is a recap of last Friday's
trade. March sugar posted an inside day with a slightly higher on
Friday as it extended Thursday's short covering bounce following this
week's spike below the 50% retracement level of this fall's rally
crossing at 698. Momentum indicators remain bearish signaling that
sideways to lower prices are possible into early-January. I am
looking for March to renew this week's decline next week with
November's low crossing at 661 being a possible target later this
winter.

March cotton closed modestly higher on Wednesday due to light
speculator buying however, trading volume was thin and is expected to
be that weigh for the balance of the week. Stochastics and the RSI
are neutral to bullish signaling that sideways to higher prices are
possible into early January. Closes above 37.60 or below 34.91 are
needed to clear up near-term direction in the market.

Daily Extreme Commentary is brought to you by GLOBALcharts,
INO.com's end-of-day charting software for Futures, Futures
Options and Optionable Stocks. http://www.globalcharts.com
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_____________________________________________________________________

I N O   N E W S
_____________________________________________________________________

Mark F. Duffy Re-elected CBOE Vice Chairman
   http://news.ino.com/press/?release=27658
Thursday's Natural Gas Trading To Be Extended By 15 Minutes
   http://news.ino.com/press/?release=27657
NYBOT Announces New Coffee Bagging Procedures
   http://news.ino.com/press/?release=27655
Fee Reduction For Globex FX Spreads Takes Effect Jan. 2
   http://news.ino.com/press/?release=27654

____________________________________________________________________________

E X T R E M E   F U T U R E S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/futures/

WINNERS

XCZ3   Corn Dec 2003                                 249        20  +7.99
GIF2   Goldman Sachs Commodity Index Jan 2002     175.70      6.50  +3.81
LBN2   Random Length Lumber Jul 2002              268.10      6.00  +2.24
CTN3   Cotton Jul 2003                             47.40      0.75  +1.61
RLH2   Russell 2000 Index Mar 2002                492.75      6.50  +1.34
NDM2   NASDAQ 100 Index Jun 2002                 1591.00     20.00  +1.26
LHJ2   Lean Hogs Apr 2002                         58.875     0.650  +1.11
CRY0   CRB/Bridge index Cash                      193.49      1.90  +0.99
EJH2   Euro/Japanese Yen Mar 2002                 114.09      1.09  +0.97
BPM2   British Pound Jun 2002                     1.4400    0.0134  +0.94

LOSERS

WZ3    Wheat Dec 2003                                305    -8 1/2  -2.78
LBU2   Random Length Lumber Sep 2002              266.00     -7.00  -2.56
ON2    Oats Jul 2002                             156 1/2        -4  -2.49
DBN2   Butter Jul 2002                           149.500    -3.500  -2.29
PBK2   Frozen Pork Bellies May 2002               79.500    -1.600  -1.98
NKM2   Nikkei 225 Stock Avg Jun 2002               10400      -200  -1.92
DAK2   BFP Milk May 2002                           11.81     -0.22  -1.83
XSF2   Soybeans Jan 2002                         428 1/4    -7 1/2  -1.72
BOH2   Soybean Oil Mar 2002                        15.58     -0.27  -1.70
XEH2   Soybean Meal Mar 2002                       144.9      -2.4  -1.64

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____________________________________________________________________________

E X T R E M E   S T O C K S
____________________________________________________________________________

Updated every 10 minutes around the clock.
More at http://quotes.ino.com/analysis/extremes/stocks/

WINNERS

ASW    A.C.L.N. LTD                                10.31      2.51  +32.22
ARTD   ARTISTDIRECT INC                          12.2500    2.1500  +21.29
NVGN   NOVOGEN LTD SPONS ADR                      7.5100    1.4210  +20.96
EMITF  ELBIT MEDICAL IMAGING                      6.2200    0.9800  +18.63
OSIS   OSI SYSTEMS                               19.2000    3.0100  +18.58
OHB    ORLEANS HOMEBUILDERS                         5.39      0.85  +17.89
FORTY  FORMULA SYSTEMS(1985)ADR                  17.0000    2.5700  +17.79
TAR    TELEFONICA DE ARGENTINA SA NEW              11.29      1.59  +16.55
ARTL   ARISTOTLE CORP                             7.5200    1.0800  +15.61
ADPI   AMER DENTAL PARTNERS                       6.7300    0.8800  +15.04

LOSERS

CNC-V  CONSECO FIN TR V 8.70%'TOPRS'                9.45     -1.77  -16.21
SBSIP  SOUTHSIDE CAP TR 8.50% PFD                10.0000   -1.6175  -15.35
IGC    INTERSTATE GENL L.P.'A'                      5.15     -0.75  -13.64
CNC-T  CONSECO FIN TR I 9.16%'TOPRS'                9.75     -1.33  -11.82
MDCI   MEDICAL ACTION INDUSTRIES                 13.3100   -1.6500  -11.34
TESTB  TEST SECURITY                            270.9600  -33.9400  -11.13
UNEWY  UNITED BUSINESS MEDIA PLC                  7.5000   -0.8100  -10.56
IC     ICICI LTD ADS                                5.71     -0.59  -9.53
DSWT   DURASWITCH INDUSTRIES INC                  8.0800   -0.8000  -9.14
TTES   T-3 ENERGY SERVICES INC                   10.0000   -1.0000  -9.09
_____________________________________________________________________

T H A N K   Y O U
_____________________________________________________________________

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I'd like you to be involved in this from the legal side.  Shelley, please
keep Lee in the loop on this matter.
Gracias.  DF
---------------------- Forwarded by Drew Fossum/ET&S/Enron on 05/08/2000
12:55 PM ---------------------------

Shelley Corman
05/07/2000 10:08 PM
To: Mary Kay Miller/ET&S/Enron@ENRON, Drew Fossum/ET&S/Enron@ENRON, Dari
Dornan/ET&S/Enron@ENRON
cc: Michele Winckowski/ET&S/Enron@ENRON, Keith Petersen/ET&S/Enron@ENRON,
James Harvey/ET&S/Enron@ENRON

Subject: Notes from Meeting on OCSLA Reporting

Michele Winckowski, Keith Petersen, James Harvey & I met last week to discuss
compliance with Order 639, the new OCS reporting requirements.  NNG has 5
NGA-exempt facilities that are subject to the new reporting rules and will
therefore be subject to Section 330.2.  While these facilities are NGA-exempt
gathering, they continue to be included in NNG's transmission rates for rate
purposes and remain eligible points for TI agreements and alternate firm.
While these points are currently listed as available points and on the
all-points exhibits of TI agreements, these points are not currently being
used.  Michele and Keith have voiced concerns about having to perform
separate OCS reports for these facilities.

Section 330.2(a) requires a report that includes maps and a list of
affiliates.   Section 330.2(b) requires a description of transactions -
contract number, receipt/delivery point, rates etc.

We discussed two possible compliance strategies.  First, NNG could seek a
waiver, asking that since the facilities remain in transmission rates and
valid points on jurisdictional contracts, NNG asks that it be allowed to
include these points in its NGA reports.   Alternatively, NNG could file the
maps and list of affiliates, but with regard to transactions, simply file a
statement that these points, while listed as valid on all TI and FT
agreements have not been used in some time.

I have read and re-read Order 639 to understand the date an initial report
would be due.   The rule sets out some of the most confusing effective date
language that I have ever read. Generally, reports are due on the 1st of each
quarter regarding the status of transactions on the first day of the previous
quarter.  On Page 47, the Commission purports to give more time for the
initial submissions.  Initial reports will be "based on conditions on the
first day of the full calendar quarter that begins after the effective date
of thise rule, with initial reports due on the first business day after close
of the quarter."  What I make of this is that NNG's first report would be due
October 1, 2000 (based on the quarter commencing July 1).

We may want to considering seeking a waiver on or before July 1 (i.e. before
the reporting period commences).


Bob,

Here's the bill of sale we didn't use on the last deal.  I don't know how
much good it will do you, but at least it gives you some tax language.  As I
mentioned, the last deal was supposed to be a "wire me money, I'll sell you
stuff" deal, but it didn't  happen.

I'd like to see the installment sale form once it gets fixed up, if possible.

Kay


marilyn king
6460 Leona St
Oakland, CA 94605
olympianmk@al.com

To Mr. Ken Lay,

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

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

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


Ehud,

Thanks. I shall get in touch with Mike and the Analyst /Associate program.

Vince

 -----Original Message-----
From: 	"Ehud I. Ronn" <eronn@mail.utexas.edu>@ENRON [mailto:IMCEANOTES-+22Ehud+20I+2E+20Ronn+22+20+3Ceronn+40mail+2Eutexas+2Eedu+3E+40ENRON@ENRON.com]
Sent:	Tuesday, July 31, 2001 5:15 PM
To:	Kaminski, Vince J
Cc:	Rosen, Michael B.
Subject:	Your Presentation at the UT Foundations of Energy Finance  Class and Subsequent Enron Reception

Vince:

Greetings.

Let me once again acknowledge with thanks Enron's generosity in hosting us
to a baseball game 7/16.  It was only upon reviewing the ticket price at
home that I recognized just how generous Enron's hosting was.

As we agreed July 16 - 17, I write at this time regarding the first of
three e-mails.  In this one, I seek your annual participation in the
Foundations of Energy Finance class at UT.  Subsequent to your
presentation, your Public Affairs colleagues may choose to schedule a
reception at which Enron-specific recruting, internship and other
information may be disseminated.  For this reason, I cc Director of Public
Affairs Mike Rosen.

You sought a proposal of several alternate dates for your presentation.  I
am pleased to offer the following as alternative dates:  Sep. 24, Sep. 26,
Oct. 1, Oct. 8, Oct. 10, Oct. 15 and Oct. 17.  Let me know if your schedule
requires a wider set of alternatives.  Also, please advise if you would
like the entire 2 1/2 hr. (2 to 5 p.m., including breaks) time slot, or
whether you would prefer a subset thereof.

Once we have determined a date, and if a same-day 5 p.m. Enron reception is
deemed desirable, I ask Mike or his designee to contact my Assist. Energy
Finance Director Angela Dorsey at Angela.Dorsey@bus.utexas.edu (Tel.:
512-232-7386) to coordinate matters.

Best,
Ehud

==============================================
     Ehud I. Ronn
     Jack S. Josey Professor in Energy Studies
     Department of Finance
     McCombs School of Business
     University of Texas at Austin
     Austin, TX. 78712-1179
     Voice:  (512) 471-5853
      FAX:   (512) 471-5073
      Internet:  eronn@mail.utexas.edu
=================================================


Hi-

We have access to the SAS Online Tutorial for the next 30 days. Point your
browser to

http://www2.sas.com/onlinetutor_v8prod/welcome.htm

and use the username "enron" and password "enron" to enter.

The way this product works is designed for a single user (it sets a "cookie"
allowing you to "resume" your place in the tutorial when you re-enter.)

Since several of us may use it, we'll need to work around this, each of us
remembering where we were before and recreating any sample data sets, etc
necessary for the lesson in progress.

Clayton

PS The module EIS/OLAP will be a part of our installation next month, but is
not currently available

PPS Please remember to use your local browser to browse the SAS Online
Documentation. Invoking a browser on the Unix server is inefficient.


600378
600379
broker has Q3 02 on these 2 deals

600395
600396
broker has the 4-31st

thanks


Attached is the memo on the potential SCE arbitration that the committee
requested.  Because the memo analyzes potential claims and defenses, it is
extremely important that the memo NOT become discoverable.  Please do not
distribute it beyond those that you need to assist you in directing the
actions of the Committee.

(See attached file: 23051775.pdf)

Aton Arbisser
aton@kayescholer.com
(310) 788-1015; fax (310) 788-1205
 - 23051775.pdf


Taffy:That works for me.  Mark gave me the impression that he would not be
going to Argentina next week so he can join either me or Sara on the
interview.
Carol


fyi

-----Original Message-----
From: Trevino, Susan
Sent: Wednesday, May 08, 2002 2:13 PM
To: Bartlett, Jeff; faulkjb@texaco.com; Green, Michael; Hagelmann,
Bjorn; hugh.connett@bhlp.com; maedajr@texaco.com; Mihalik, Trevor;
Miller, Don (Asset Mktg); Parks, Joe; randall.curry@bhlp.com; Schneider,
Chip; Zisman, Stuart
Cc: Abel, Chris; Leuschen, Sam
Subject: Bridgeline DPR for May 7

**********************************************************************
This e-mail is the property of Enron Corp. and/or its relevant affiliate and may contain confidential and privileged material for the sole use of the intended recipient (s). Any review, use, distribution or disclosure by others is strictly prohibited. If you are not the intended recipient (or authorized to receive for the recipient), please contact the sender or reply to Enron Corp. at enron.messaging.administration@enron.com and delete all copies of the message. This e-mail (and any attachments hereto) are not intended to be an offer (or an acceptance) and do not create or evidence a binding and enforceable contract between Enron Corp. (or any of its affiliates) and the intended recipient or any other party, and may not be relied on by anyone as the basis of a contract by estoppel or otherwise. Thank you.
**********************************************************************


For financial accounting.  Would the oil pipelines have any regulatory financial data filings with FERC, such as Form 6?  It would probably cover the whole system, but might have something of interest.

 -----Original Message-----
From: 	Saunders, James
Sent:	Tuesday, October 23, 2001 7:51 AM
To:	Chandler, Bob
Cc:	Cobb Jr., John
Subject:	RE: Southern Trails Data Request List

"related" -as possible- form11s and form2s?????

 -----Original Message-----
From: 	Chandler, Bob
Sent:	Tuesday, October 23, 2001 7:48 AM
To:	Saunders, James
Cc:	Cobb Jr., John
Subject:	FW: Southern Trails Data Request List

Any additions/deletions?

 -----Original Message-----
From: 	McConnell, Mark
Sent:	Monday, October 22, 2001 6:10 PM
To:	Huber, Lee; Moore, Jerry Thomas; Brassfield, Morris; Hawkins, Don; Dowd, Stephen; Abdmoulaie, Mansoor; Curry, Jim; Schick, Warren; Lokey, Teb; Lichtenwalter, Blair; Chandler, Bob; Centilli, James; Ratner, Michael
Subject:	Southern Trails Data Request List

Please look at the attached.  If there are some things missing, please let me know.  If some things on the list are not applicable, please note that too. Just send your deletions/additions to me via email.  If you can get this to me by the end of the day Wednesday, that would allow us to proceed with Questar all the sooner.

Thanks,

Mark

 << File: Southern Trails Data Request List.doc >>

Mark McConnell
Transwestern Pipeline Company
713-345-7896   office
713-822-4862   cell
713-646-2551   fax
mark.mcconnell@enron.com <mailto:mark.mcconnell@enron.com> <<mailto:mark.mcconnell@enron.com>>


Downright reasonable!

 http://www.verana.com/
 <<Mexico Travel. Mexico Beach. Mexico Beach Vacation Travel..url>>


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

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


Per Brian Redmond,  the following meetings on Monday, December 27th have been
cancelled:

 8:00 a.m. HPL General Staff Meeting
 11:15 a.m. Denver Conference Call
 11:30 a.m. Direct Reports Meeting

Thank you,

Kathy Benedict


On April 2nd, when everyone was calling for lower lows, we predicted
Dow support at the 9400-9450 area. Days later the market had rallied
from there an incredible 780 points!

Also, our Double-RePo pattern called the market top in January 2000,
before the recent bear market. This is when Joe suggested traders move
to cash etc.. It was a truly classic DiNapoli pattern, with excellent
advice from Joe too!

You can learn how these market calls were calculated
on the following web pages:
http://www.fibnodes.com/
http://www.fibnodes.com/archives/19991127/

This information is available free, without subscription..

Best wishes,
Joe, Neal and Pat.

PS. This message is ONLY being sent to traders who have
joined our email list or requested information from
our web pages in the past. We NEVER spam, we hate SPAM!
Reply with a subject of REMOVE to be deleted from our
email lists. We do not make our member's addresses
available to anyone.


I have done a crappy job of being a witness and a friend.  You are correct,
and rightly so about the way I have patronized you.  It has not been a
conscious effort, but I understand your perspective and as I look at me, I
am forced to admit you are correct.  Christian hypocrites are a dime a
dozen, and I am ashamed that I have fallen far short of what He has called
me to be.

I am very thankful for your business over that last 3 years.  I know that my
success here has been largely because of your help and business and I and my
family thank you for it.

I have taken your name off the Daily Word distribution list as you have
requested.  My best to you and your family and your success in business.  It
is my hope that I can be a better friend, witness and more to you again.

Thanks for

Todd Gross
Amerex Location/Basis and Nymex Options
(281) 340-0875


Dear Mrs. Kemp,

My name is Jonathan McKay and the reason I am contacting you is with respect to obtaining sponsorship to become member of the local CFA society. I moved from Calgary, Canada in September and I am not familiar with anyone that belongs to the Houston chapter. I obtained your name from the AIMR website and would appreciate any help you could offer me as far as sponsorship or putting me in contact with some of the local members.  I have completed the third level exam and need this sponsorship in order to obtain my designation.  I can be contacted at (h) 713 225 -1230, (w) 713 853 - 4810, or via email at jonathan.mckay@enron.com.

Thank you,

Jon McKay


fyi

there was a measurement adj during Feb at NNG Beaver (pressure base change) which caused fewer volumes to be measured resulting in approximately 60,000 mmbtus due NNG

line pack has increased by approximately 253,000 mmbtus during March as a result of oba activity


Check this out.  I want to get any comments you might have before I sent it around.

 -----Original Message-----
From: 	Dasovich, Jeff
Sent:	Thursday, September 27, 2001 8:06 PM
To:	Dasovich, Jeff
Subject:

Here's a cut at the taxonomy of regulatory risks associated with Direct Access. Please let me know if there are others I missed, or if there are changes needed to the ones listed.

1.	Retroactive Suspension of DA Contracts:  The PUC rules in a subsequent decision that DA is suspended on some date 	between July 1 and September 20th.

2.	Contract renewal forbidden:  The PUC includes contract renewal under the suspension of DA.

3.	No incremental "DASR'ing":  The PUC includes incremental additions and subtractions of DA customer's load under the 	suspension of DA (e.g., fast food chains, University campus)

4.	Cost allocation: the PUC adds new costs to DA accounts and/or disproportionately shifts existing costs to DA accounts.  	Costs with greatest risk of being shifted to DA customers include: IOU undercollection, bonds to repay the state general fund, 	and DWR contracts.  The costs associated with these categories are substantial.

Additional suggestions from Mike Day:

5.	DASR processing:	Related to #1 above, in that, if the utilities attempt to implement the Commission-ordered suspension 	in an onerous way, it may put at risk contracts executed prior to 09.20.01 but not yet DASR'd.

6.	Confidentiality of contract information:	The utilities and/or the PUC may require ESPs to show contracts as proof 		that contracts were executed prior to 09.20.01.

Key risks associated with each category:
Adverse to P/L
Adverse to hedge (demand risk)


[IMAGE]

 [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]    [IMAGE]  [IMAGE]    [IMAGE]  [IMAGE]    [IMAGE]  [IMAGE]       [IMAGE] [IMAGE]  [IMAGE]  [IMAGE]  [IMAGE]      Search  Amazon.com for:

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Mark:

Although it's oftentimes difficult to quantify or establish a cause and
effect relationship between PR and Enron's bottom line, the contributions
that the PR Houston team made in mitigating the effects of the largest oil
spill in Bolivia's history might be an exception to the rule.  As you know,
Transredes experienced two oil spills that were classified as crises:  a 29
thousand barrel spill in January (Desaguadero) and a smaller one (Chorety)
this past July.  In both instances, PR staff from Houston were dispatched to
Bolivia to develop an lead a  crisis communication plan.

The January crisis garnered enormous daily coverage and attention throughout
the country and region. Under Dennis' leadership, an ambitious
communication's plan was designed and implemented to mitigate the spill's
repercussions in the international media and NGO community.  The failure to
manage expectations was critical considering we were also building the Cuiaba
pipeline at the same time. During this period, the Enron Stcok price
continued to grow from somewhere in the 50's to the 70's. Had the team failed
to communicate effectively to all constituents, this could have adversely
affected our brand and stock price--since the media and international NGO's
were tracking our daily performance.   The ability to engage, counsel and
coordinate across the business groups and organizations had a significant
result on our ability to execute our plan.  Dennis was recognized by Shell,
our partner in Transedres, for his leadership and personal commitment to the
process during the January spill.  I played a similar role with the second
crisis, which was far less significant than the first one--though it had the
potential to become damaging.  During this whole period NGO's have tried to
undermine our financing efforts at OPIC and the Inter-American Development
Bank, so failure to live up to our enviormental and humanitarian commitments
could have been disasterous.

Hopefully, you'll find this useful.

Keith


FYI.  Presentation by Brattle Group before CA leg committee yesterday in
which they assert market power at the CA border (held by "out-of-state
suppliers") explains high gas prices in California.  If you have any
questions, call me at 415.782.7822.  Please forward to others whom you think
might be interested.  Stephanie, could you forward along to Barry?

Best,
Jeff
----- Forwarded by Jeff Dasovich/NA/Enron on 04/19/2001 12:23 PM -----

	Douglas.Porter@sce.com
	04/19/2001 11:36 AM

		 To: jeff.dasovich@enron.com
		 cc:
		 Subject: Sacramento Pres Final 4_13_01(projected).ppt

Per your request, attached are the presentation slides from yesterday.

Douglas Porter, Senior Attorney
Southern California Edison Company
(626)302-3964
(626)302-3990(fax)
douglas.porter@sce.com(See attached file: DRT2486.PPT)
 - DRT2486.PPT


Probably.

	From:  Katherine L Kelly                           12/04/2000 09:32 AM

To: Chris Germany/HOU/ECT@ECT
cc:
Subject: New Power

Hey Chris,

Just out of curiousty, do you happen to have a copy of the contract for New
Power on Transco and Sonat?  I just want to make sure that I'm fully getting
all the peices.

Thanks!


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Please note that this message was sent to the following e-mail address: scorman@enron.com


EXECUTIVE SUMMARY
?	Senator Keeley Spearheads a New "Plan B"
?	State to Offer Little Aid in PG&E Bankruptcy

Keeley's Collective "Plan B"
Sources report that additional details for the Plan B have just been ironed out on the Assembly side.  The Assembly is working to announce a plan "as soon as possible"; this announcement could come this afternoon.  If it is not this afternoon, it will be later this week.   Sources Report the Republicans were working with Keeley, but then felt shut out of the process, so they developed a plan of their own (a lightly publicized point last week).  However, sources believe that the Plan B is very likely to have enough Republican support to pass the Assembly.  The Senate will likely be a much tougher fight, but opposition to the plan remains pessimistic that they will be able to stop it.  The Senate appears likely to broaden the base of people who would have to pay the dedicated rate component, which will be unpopular.  Borrowing from elements of the Joe Nation and Florez "Plan B's," Keeley's new plan is said to:
?	Set up a dedicated rate component for SoCal to deal with part of their undercollect.  This dedicated rate component would apply more to "high-end customers."  Where the line would be drawn between who would pay and who would not is still subject to negotiation.  The size of the dedicated rate component is also subject to negotiation.  SoCal has suggested $3M for 10 to 12 years.  Note, sources report that at this time, a dedicated rate component for SoCal to pay for power going forward is NOT included in the Plan B that will be announced.  The Assembly is not certain whether this additional dedicated rate component will be needed.  If the bond issuance is enough to cover the cost of power purchases, no dedicated rate component for forward purchases will be needed.  By 2003 and 2004, enough additional generation should be online that power prices should be low.  Therefore, the key question becomes what will be the cost of power in 2002?  If the cost of power is high, rates may have to be increased at that time for SoCal to continue operating.
?	The state would make a secured loan (secured against the transmission assets) to SoCal to pay back the remainder of the undercollect.  This loan would be paid back by SoCal granting the government a lower rate of return on the transmission system for a period of 10 to 15 years.  This provides an incentive for SoCal to sell its transmission system to the state, since it would not be making as much money from the system.  Were this to happen, the value would be credited toward the loan.
?	In return, the state would receive the withdrawal with prejudice of the filed rate doctrine case.  Also, SoCal would reduce the price of native power generation.  Finally, business customers (including those that would have to pay the dedicated rate component) would have the right to apply for direct access to power.
If this plan is passed, (better than 50/50 chance -as reported earlier) the constitutional challenge from Michael Sturmwasser is still likely to go forward.  This is because Sturmwasser is chiefly concerned with the fact that the plan results in a retroactive rate increase to pay SoCal's undercollect.  Sources believe it is likely that SoCal will eventually sell its transmission assets to the state if this plan is passed.  Therefore these assets would become municipal, making the reduction in the PUC's authority constitutional.

Legislature Leaves PG&E to Throws of Bankruptcy
Today, there have been discussions concerning PG&E regarding "Plan B" and the legislature.   Currently, the legislature is NOT considering offering Keeley's "Plan B" solution to PG&E.  If the Plan B mentioned above passes the Senate, it is more likely that the state will purchase PG&E out of bankruptcy.  Both the Assembly and the Senate leadership are talking seriously about purchasing PG&E out of bankruptcy, though the Republicans remain strongly opposed.  The state then, would likely sell off pieces of PG&E (except for the transmission assets, which it would retain).


Today we released additional information about our related party and off-balance sheet transactions.  We have made this information available both on our website and in a Form 8-K filing with the Securities and Exchange Commission (SEC).

The information provides further details about:

	-- the $1.2 billion charge to shareholders' equity announced in the third quarter and the transactions related to that charge;
	-- a restatement of prior years' financial statements to reflect this reduction in shareholders' equity, the consolidation of     three entities and prior year proposed audit adjustments and reclassifications;
	-- the Special Committee appointed by the Enron Board of Directors to review transactions between Enron and related parties;
	-- the LJM limited partnerships, including a discussion of transactions between Enron and LJM entities; and
	-- transactions between Enron and other Enron employees.

This information addresses a number of concerns that have been raised by our shareholders and the SEC.  As our Board's new Special Committee continues its review of various matters, we will continue to cooperate fully with the SEC in its investigation, and we will continue to respond to investor requests so that they can evaluate, appreciate and appropriately value the strength of our core businesses.

Restatement of Earnings

Based on information that we have recently obtained, Enron and its auditors determined that certain off-balance sheet entities should have been included in Enron's consolidated financial statements pursuant to generally accepted accounting principles.  As a result, Enron will restate its financial statements from 1997 to 2000 and for the first and second quarters of 2001.  These restatements have no material effect on Enron's current financial position.  Here are some details included in the filing:

Net income for each period will be impacted by the retroactive consolidation of Joint Energy Development Investments (JEDI) and Chewco beginning in November 1997, the consolidation of an LJM1 subsidiary for 1999 and 2000 and prior year proposed audit adjustments.  Enron's current assessment indicates that the restatement will include:

	-- a reduction of approximately $96 million in 1997
	-- a reduction of approximately $113 million in 1998
	-- a reduction of approximately $250 million in 1999
	-- a reduction of approximately $132 million in 2000
	-- an increase of approximately $17 million for the first quarter of 2001
	-- an increase of approximately $5 million for the second quarter of 2001
	-- a reduction of $17 million for the third quarter of 2001.

The consolidation of JEDI and Chewco also will increase Enron's debt by approximately $711 million in 1997, $561 million in 1998, $685 million in 1999 and $628 million in 2000.

The restatement will have no material impact on Enron's reported earnings for the nine-month period ending September 2001.

You can obtain more detailed information on the items described above by accessing the Form 8-K filing at <http://www.enron.com/corp/sec/>.

We will continue to review our strategic, operational and financial position, and we will continue to keep you updated on any developments.


I don't know numerical addresses, just cross streets.  This week I stayed at
52nd and Madison, time before I stayed at either 72 or 77th and Madison.
Madison is close to 5th.  I'm going to guess that he is living above 50th, as
I had the impression that he was living in a pretty swanky area.

The weather is beautiful here.  Hope it lasts a couple of days.

Neil loves his pig.  I don't think he has picked a place for it yet, though.

Have a great day!

Love,

Kay

Bill and Rita McCall <bmccall@wcnet.net> on 11/10/2000 08:50:46 AM
To: Kay.Mann@enron.com
cc:

Subject: Palacios

Hi,Kay Kay. Just a note to say have a nice week end. Hope you didn't mind
the pig. If you don't like it you can hide it behind a tree in the yard.
Dad and I were delighted to donate a book to Michael's school. Uncle Bob
and Sharon will be down this weeK end. Joyce and Kenneth Builta are going
to wait until the weather is better. Joyce wants to fish. They are leaving
for New York next Wednesday. Daron lives at 1016 5th Ave. Have you stayed
near there? Must go clean house. We love you, Mother


As we discussed
----- Forwarded by Steven J Kean/NA/Enron on 12/20/2000 03:00 PM -----

	"IssueAlert" <IssueAlert@scientech.com>
	12/20/2000 06:58 AM

		 To:
		 cc:
		 Subject: Exelon Completes Acquisition of 49.9 Percent of Sithe

http://www.consultrci.com

************************************************************************
Dear IssueAlert Subscriber,

Visit our InfoStore to subscribe to SourceBook Weekly. Learn about
SCIENTECH'S
most popular competitive tools, including the E-Commerce and
Telecommunications
InfoGrid at:

http://www.consultrci.com/web/infostore.nsf/Products/InfoGrid

Jane Pelz
Director of Marketing Communications
SCIENTECH, Inc.
************************************************************************

===============================================================
SCIENTECH IssueAlert, December 20, 2000
Exelon Completes Acquisition of 49.9 Percent of Sithe
By: Will McNamara, Director, Electric Industry Analysis
===============================================================

Exelon Corporation and Sithe Energies Inc. announced the successful
completion
of Exelon's acquisition of 49.9 percent of the stock of Sithe. The remaining
50.1 percent of Sithe will be owned by Vivendi (34 percent), Marubeni Corp.
(15 percent) and Sithe Management (1 percent). Vivendi Universal retains
a blocking minority interest of 34 percent in the company and PECO Energy
(which, along with Unicom, formed Exelon Corp.) becomes Sithe's main
shareholder.
PECO has also been given a three-year commitment starting from December
2002, to buy Vivendi Universal's remaining interest.

ANALYSIS: The announcement of this acquisition was first made in August,
prior to the formation of Exelon Corp. Under the original agreement dated
Aug. 11, 2000, PECO Energy is purchasing 49.9 percent of Sithe's North
American assets, including its domestic marketing and development businesses,
for $682 million. The acquisition marks a new direction for Sithe Energies
and a continuation of an aggressive generation expansion plan on the part
of Exelon.

This divestiture by Sithe Energies signals its withdrawal from power
production.
Only two years ago, Sithe Energies was one of the largest independent power
producers in the United States, operating 43 power plants from New Jersey
to California. Sithe Energies had made a decided effort to purchase vast
generation assets in the Northeastern United States, believing that there
would be value in having critical mass in the deregulated generation market
in that region. Until last year, Sithe Energies was the primary subsidiary
of French mega-utility Vivendi, which had been creating a reputation as
an industry powerhouse due to its assets in electric energy services, thermal
energy supply, water distribution and wastewater management. Interestingly,
Vivendi did not own a gas or electric utility anywhere in the world, and
instead used Sithe Energies as the vehicle to accumulate generation assets
as its primary entry into the energy industry.

Indications that the company's strategy was changing began to surface earlier
this year. In February, Sithe Energies sold 21 power plants to Reliant
Energy for a total of $2.1 billion. The sale generated an immediate capital
gain of about $450 million for Sithe Energies, indicating that its generation
assets were bringing strong shareholder value for its investors, even if
the company appeared to be exiting the generation market.

Then, in June, Vivendi announced that it had entered into a "strategic
business combination" with Canal and The Seagram Company Ltd to form a
new company called Vivendi Universal, a communications conglomerate for
wired and wireless markets owning the world's largest music company, second
largest film library, major film production studio, and a PC-based software
game publishing company. (Note that just yesterday Vivendi Universal entered
into an agreement for the sale of Seagram's spirits and wine business to
Diageo and Pernod Ricard for $8.1 billion, subject to regulatory approvals).
Vivendi also continued to expand its significant water business, through
its subsidiaries U.S. Filter Corporation and G,n,rale des Eaux Group which
recently won water treatment contracts New Zealand and Indonesia. In a
separate development, Vivendi, supported by Sithe Energies, developed a
partnership with a company named Softbank to establish a unit called K
Road Ventures. This company represented Vivendi's strategy of creating
an Internet company specializing in B-to-B services for utilities and energy
services.

All of these developments indicated that, although Vivendi planned to remain
involved in the energy industry, its focus was no longer on building a
generation portfolio through Sithe Energies. Rather, Vivendi is building
on its role as a major player in communications and environmental services.
The subtext of this new direction for the company is probably Vivendi's
attempt to reduce the debt of its subsidiaries to a reported 11 billion
euros by the end of this year. Yet, most financial analysts agree that
the continuing divestiture of Sithe Energies marks Vivendi's complete
withdrawal
from the energy production business. Vivendi has been in the process of
spinning off a new utilities arm named Vivendi Environnment, which will
provide energy services such as equipment installation and maintenance,
as well as water and wastewater treatment. The K Road Ventures unit probably
will be operated within Vivendi Environnment; however, it appears fairly
certain that generation is no longer a part of the company's primary strategy.

According to Vivendi, this divestiture confirms the exit of Sithe North
America from the consolidation scope of Vivendi Universal. Including the
divestiture of GPU, which took place at the beginning of the year, the
transactions represent a total debt reduction of around 4 billion euros
and a net capital gain of 170 million euros in the financial statements
for 2000.

Presently across North America, Sithe Energies still owns and operates
about 27 power generation plants with approximately 3,800 MW of net merchant
generating capacity. Further divestiture of these assets is expected as
Sithe and Vivendi continue to move away from power generation. PECO (now
Exelon) and Reliant are two companies that have quickly picked up the
generation
assets divested by Sithe Energies, and has been a wise move for both
companies.
There should be a continuing high value placed on generation assets in
the Northeastern United States, particularly since competitive markets
are developing more rapidly in that region of the country. Reliant's purchase
of the Sithe Energies' 21 plants supports its strategy of acquiring
generation
assets and developing a strong retail capability.

Purchasing 49.9 percent of Sithe Energies, with the option to buy the rest
of the company in as little as two years, is also a smart move for Exelon.
The Power Generation Group (PGG) of PECO, which remains a subsidiary under
the new Exelon holding company, is the business unit responsible for managing
the fossil and hydro generating stations of the company. PGG manages a
fleet of 72 generating units that can provide 5200 megawatts (MW) of power
using a variety of fuels. These units include coal, natural gas, oil,
landfill
gas, and hydroelectric power plants. Under deregulation, this variety of
fuels is helping PECO to remain competitive and prepared to meeting the
energy needs of diverse customers. Presently, Exelon is the largest energy
company in the United States, but will trumped by the Entergy/FPL Group
combination, which is expected to close over the next year.

The addition to Exelon's generation arsenal that it gains from almost half
the shares of Sithe Energies should factor in nicely to Exelon's overall
position in the industry. Exelon estimates that the initial investment
in Sithe will contribute approximately $0.01 per share to its consolidated
earnings in 2001 and 2002. And it certainly appears that Exelon aims to
acquire the totality of Sithe's assets, based on comments coming out of
the company's headquarters. If Exelon were to purchase the remaining 50.1
percent of Sithe (as soon as two years from now), Exelon anticipates that
the transaction would contribute approximately $0.15 to its annual
consolidated
earnings. This may be just the move that Exelon has in mind as a complete
acquisition of Sithe's assets would increase Exelon's generation portfolio
to 46,500 MW, which is perhaps just what it needs to secure its place as
one of the nation's top generating companies and keep it in the running
with FPL / Entergy.
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I assume this means that the payment was made and not swept back by Enron Corp.?

 -----Original Message-----
From: 	Musch, Susan
Sent:	Thursday, January 10, 2002 10:11 AM
To:	Laborde, John; Zisman, Stuart; Shackleton, Sara
Subject:	FW: Wire Info

FYI.

Best regards,
Susan

 -----Original Message-----
From: 	Moehlman, Cathy
Sent:	Thursday, January 10, 2002 9:22 AM
To:	Musch, Susan
Subject:	Wire Info

 << OLE Object: Picture (Device Independent Bitmap) >>


Paul,

Could also help with request as well, whicb was originally directed to Paul Simons.

Many thanks,

Susan Bailey

 -----Original Message-----
From: 	Bailey, Susan
Sent:	Tuesday, February 05, 2002 10:59 AM
To:	Simons, Paul
Subject:	J. Aron & Company

Paul,

I need to ask that you furnish an executed version of the ISDA Master Agreement dated effective March 6, 1998, between ECTRIC and J. Aron & Company.

We are trying to work through some matters and a copy of this ISDA is essential.

An electronic version if available would be great.

Thanks.

Cordially,
Susan S. Bailey
Enron North America Corp.
1400 Smith Street, Suite 3803A
Houston, Texas 77002
Phone: (713) 853-4737
Fax: (713) 646-3490
Email: Susan.Bailey@enron.com


Thanks, Christian.  We're including it in the package to Brulte and will let
you know how it proceeds.

Best,
Jeff


Feast your eyes on Enron Business' cool and colorful new look.  You'll find
it in your mailbox at home and online at home.enron.com under Publications,
Enron Business, and "Volume 2, 2001".  (And if you're in Houston, you might
find a few extra copies at the Plaza Java in the lobby of the Enron Building.)

In this issue:
? Enron Direct plays hard to win small customers
? Extreme Enron debuts with exciting stories about employees who ride the edge
? Meteorologists brew science with good business
? Enron's new Vision ) how will we do it?
? Enron fights to keep the California energy crisis from spreading
? Driving business profits where you'd least expect them
? The Insider: Sprechen Zie security?
? Assisting earthquake victims in India
? Find out who won the Word Search ) and enter our Cartoon Craziness Contest
for a chance to win a $200 American Express gift certificate!  Don't dally )
the deadline for entries is Friday, May 11


?

?http://www.eia.doe.gov/pub/energy.overview/monthly.energy/txt/mer5-2
 - mer5-2.url


---------------------- Forwarded by Phillip K Allen/HOU/ECT on 01/29/2001
12:14 PM ---------------------------
To: <cbpres@austin.rr.com>
cc:
Subject: Re: SM134

George,

Here is a spreadsheet that illustrates the payout of investment and builders
profit.  Check my math, but it looks like all the builders profit would be
recouped in the first year of operation.  At permanent financing $1.1 would
be paid, leaving only .3 to pay out in the 1st year.

Since almost 80% of builders profit is repaid at the same time as the
investment, I feel the 65/35 is a fair split.  However, as I mentioned
earlier, I think we should negotiate to layer on additional equity to you as
part of the construction contract.

Just to begin the brainstorming on what a construction agreement might look
like here are a few ideas:

 1.  Fixed construction profit of $1.4 million.  Builder doesn't benefit from
higher cost, rather suffers as an equity holder.

 2.  +5% equity for meeting time and costs in original plan ($51/sq ft, phase
1 complete in November)
      +5% equity for under budget and ahead of schedule
      -5% equity for over budget and behind schedule

This way if things go according to plan the final split would be 60/40, but
could be as favorable as 55/45.  I realize that what is budget and schedule
must be discussed and agreed upon.

Feel free to call me at home (713)463-8626

Phillip


The Enron Wholesale Services Legal Conference will be held at The Woodlands Resort & Conference Center on October 11-12, 2001.

Attached is a PowerPoint file containing the reply form for this event.
There are two options for completing this form:
First Option
Open file
Print page
Type or print information
Fax reply to (713) 646-5800

Second Option
Open file
Enter information directly onto the page by using text boxes
Save file
E-mail reply to dorie.hitchcock@enron.com

Please note that each box should be completed in its entirety.

Reply forms should be sent to Dorie Hitchcock no later than Friday, September 21.
Thank you for your assistance.

Dorie Hitchcock
Event Manager
Enron
1400 Smith Street
Suite 3640a
Houston, TX  77002
Telephone:  (713) 853-6978
Fax:  (713) 646-5800
Cell:  (713) 594-7093
E-Mail:  dorie.hitchcock@enron.com


Group,

On April 27th and 28th there will be a training class offered in Portland,
Oregon with two spots available.  The course is Electric System Operation for
the Non-engineer.  The course highlights include:
Generation
Transmission and Overhead
Distribution Systems
Underground Distribution
Switchgear
Voltage Control
Matching Generation

The course will purportedly provide a comprehensive understanding of system
operations including fossil fuel, hydro and nuclear generation, transmission
and distribution.  The course should provide not only technical information
but also economics of operation, system and equipment protection and safety.
I will be taking the class along with two members of the real-time group.  If
this is a useful class (as it appears to be) we will have the opportunity to
attend it again later this year.  If you are interested in attending this
class on these dates please let me know as soon as possible.

Thanks,

Bill


calendar
----- Forwarded by Steven J Kean/NA/Enron on 09/28/2000 05:43 PM -----

	Lexi Elliott
	09/27/2000 01:12 PM

		 To: Steven J Kean/NA/Enron@Enron, Brad Alford/ECP/HOU/ECT@ECT, Mark Dana
Davis/HOU/ECT@ECT, Mark Courtney/HOU/ECT@ECT, Derryl
Cleaveland/NA/Enron@ENRON, Brian O'Rourke/Enron Communications@Enron
Communications, Ding Yuan/Corp/Enron@Enron, Larry Abbott/OTS/Enron@ENRON, Mo
Bawa/Enron Communications@Enron Communications, Chris Loehr/HOU/ECT@ECT, John
King/HOU/ECT@ECT, Alejandro Hernandez/ENRON_DEVELOPMENT@ENRON_DEVELOPMENT,
Ethan Schultz/Enron Communications@Enron Communications, Hans Oliver
Pereira/HOU/EES@EES, Posey Martinez/HOU/ECT@ECT, Anthony
Sexton/NA/Enron@Enron, Jennifer N Stewart/NA/Enron@Enron
		 cc: Ashley Baxter/Corp/Enron@Enron, Donna Jones/HOU/ECT@ECT
		 Subject: Chili Cook Off at Rice University

Dear Rice Team:

This event is scheduled for October 5th. Would any of you like to volunteer
to participate?  Any chefs out there???

Thanks!

lexi

---------------------- Forwarded by Lexi Elliott/NA/Enron on 09/27/2000 12:37
PM ---------------------------

Heidi Glantzberg <heidilee@rice.edu> on 09/27/2000 11:26:41 AM
To: Recipient List Suppressed:;
cc:

Subject: Chili Cook Off at Rice University

Dust off your best recipe!
Round up the ingredients!
And lasso the most student votes!

Rice University's 9th Annual Recruiter Chili Cook-Off
Thursday, Oct. 5th    Ray Courtyard, Student Center
4pm-6pm

If you haven't done so already, make sure to fax over your form for
our annual Recruiter Chili Cook-Off.  This is a great opportunity to
meet with students in an informal setting.  The students taste your
chili and then they vote for the best.  It's held 2 hours before the
Rice vs. Fresno game.  There will be free hotdogs, sodas, and beer
for everyone.  A zydeco band will provide the entertainment and each
company will be given 4 complimentary football tickets for the 6pm
game.  It's a lot of fun!  Don't miss out!

Some of our past winners include:  Andersen Consulting, Enron, DSC
Communications, and CSC Consulting

--
??????????????????????????????????????????????????????????????????????????????
Heidi Lee Glantzberg
Career Programs Manager
CAREER SERVICES CENTER
RICE UNIVERSITY
6100 S. Main Street, MS - 521
Houston, TX  77005
713-348-4055


Dear Friends,

Our wedding is approaching, and we are looking forward to
seeing you on January 12 2002... 61 days & counting!

For your convenience, you may look up any wedding details
that you may need (& read our cute story:)on this website &
you may visit our gift registry online at
WeddingChannel.com.  Just click on the following link (or
copy and paste the link into the address line of your web
browser):

http://wedding.weddingchannel.com/registry.asp?uk=4281556555

You can always search for us from the WeddingChannel.com
homepage at http://www.WeddingChannel.com.  We are thinking
of you!

Best wishes,

Jennifer and Max

If you have questions or comments about WeddingChannel.com,
please send an email to customerservice@weddingchannel.com
or call toll-free at 1-888-989-WEDD(9333).
______________________________________________________
WeddingChannel.com
Everything you need to plan the perfect wedding - yours.
http://www.WeddingChannel.com.


Mary Anne Gaskins
7540 S. Rosemary Circle
Englewood, CO 80112
mack@orci.com

To Mr. Ken Lay,

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

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

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

Sincerely,

Mary Anne Gaskins


The master agreement for this counterparty appears to not cover the Trade
Option Exemption.  Are we adding that into confirms?


4114 riley
Houston, TX 77005

giddty up!

give me a call 713-853-6203

what is your #??


Merry Christmas to you and your family.  We had a great time this football
season and look forward to next year.

"Harrison, Oscar" <Oscar_Harrison@msdw.com> on 12/13/2000 03:26:05 PM
To: "'SNEAl@enron.com'" <SNEAl@enron.com>
cc:
Subject: Christmas Wish

Good afternoon,

Our family would like to wish your family a wonderful Christmas.  Look
forward to next years Wildcat defense of their championship.

Oscar Harrison

**** Important Notice to Recipients ****
It is important that you do not use e-mail to request, authorize or effect
the purchase or sale of any security or commodity, to send fund transfer
instructions, or to effect any other transactions.  Any such request,
orders, or instructions that you send will not be accepted and will not be
processed by Morgan Stanley Dean Witter.
****************************************


Attached is a revised letter to Jim Hawes.  Please review and provide me with
any comments.

Thanks.


On September 27, 2001, ISO New England Inc. filed proposed amendments to its Special Interim Market Rule
originally filed with the Commission on November 1, 2000.  Protests and interventions are due Oct. 29.
Please let me know if you need further information.

Susan Lindberg
713.853.0596


Thanks for remembering their birthdays.  Drive carefully!!  See you sometime
this weekend


Again
----- Forwarded by Dan J Hyvl/HOU/ECT on 06/06/2001 02:32 PM -----

	ibuyit/ENRON@enronXgate
	06/05/2001 02:55 PM

		 To:
		 cc: (bcc: Dan J Hyvl/HOU/ECT)
		 Subject: Action Required:  Important iBuyit Payables Information

According to our records, there is an invoice in your iBuyit Payables in-box
that requires your action.

To launch iBuyit Payables, click on the link below:
http://iBuyitPayables.enron.com
Note:  Your iBuyit Payables User ID and Password are your PID and Password
(eHRonline/SAP ID and Password).

If you have already logged into iBuyit Payables and resolved the invoice,
then no action is required.

Following is important information that will help you resolve this invoice:
*  Who To Call For Help
*  iBuyit Payables Overview
*  iBuyit Payables Training Materials
*  iBuyit Payables Check List
*  iBuyit Payables Frequently Asked Questions

Who To Call For Help
*  For help using the iBuyit Payables system, contact the Integrated
Solutions Center (ISC) at (713) 345-4727.
*  For invoice payment status, contact the Accounts Payable Call Center at
(713) 853-7127 or toll free  (866) AP ENRON, or send an e-mail to
iBuyit.payables@enron.com <mailto:iBuyit.payables@enron.com>.

iBuyit Payables Overview
When?  iBuyit Payables, a web-based system that will enable you to code and
approve invoices on-line, was activated on May 1st.

Who?  Invoices that were previously submitted to Houston Accounts Payable for
processing and payment, will now be processed through iBuyit Payables
beginning May 1st.  Invoices that are entered into SAP locally (for example,
at a field location), will not be impacted by iBuyit Payables on May 1st.

How?  This is how iBuyit Payables works (for non-purchase order related
invoices):
1)  An order is placed with a vendor.  The vendor is provided with the
company name and number, the contact name, and coder's EID number.
2)  The goods and services are received and the vendor sends the invoice
(with the company name and number, the contact name, and coder's EID number )
to the new PO box.
3)  Accounts Payable scans the invoice, enters invoice header information
into SAP, and electronically routes the invoice through iBuyit Payables for
coding.
4)  The coder receives an e-mail with a link to iBuyit Payables, logs into
the system with their PID and password (SAP/eHRonline password), and codes
the invoice.
5)  The coder should either forward the invoice for approval or approve the
invoice, according to the invoice review and approval guidelines of their
business unit.
6)  Upon approval, the invoice is finalized, posted in SAP, and paid.

iBuyit Payables Training Materials
Online training materials are available for Coders, Approvers, and Buyers.
To access system presentations and quick reference cards, visit the
Integrated Solutions Center Document Library:
<http://sap.enron.com/sap_doclib/user/file_list.asp?cabinet_id=265>.
Note:  You must use the Enron standard Microsoft Internet Explorer to view
these materials.

iBuyit Payables Check List
Following Are the Steps that You Should Take to Prepare for iBuyit Payables:
1)  Code and Approve Invoices in iBuyit Payables
*  Effective immediately, no longer manually code invoices with coding
sheets.
*  Effective immediately, remind vendors to submit invoices directly to the
new PO Box.  If you receive an invoice, forward it to Accounts Payable via an
AP drop box or mail to the new PO Box:  PO Box 4734, Houston, TX 77210-4734,
ATTN:  Enron Accounts Payable.  Be sure to include the company name and
number, contact name, and the coder,s EID on the invoice, but do not include
a coding sheet.
*  Beginning May 1st, when you receive an e-mail from
iBuyit.Payables@enron.com, click on the link provided, login to the system,
and code and approve invoices online in iBuyit Payables.
*  Beginning May 8th, any invoices with coding sheets received by Accounts
Payable will be entered into iBuyit Payables and electronically routed back
to the coder. The invoice will then need to be coded and approved (again) in
iBuyit Payables to generate a payment.
*  Continue to follow the invoice review and approval guidelines of your
business unit.  Use iBuyit Payables as a tool to electronically facilitate
the current manual process.
2)  Confirm Your PID
You will use your PID and password (eHRonline and/or SAP ID and password) to
login to iBuyit Payables.  To access your PID and/or reset your password call
the ISC Call Center at (713) 345-4727 or click on the link to the ISC web
site below:
<
http://spr2ess1.enron.com/scripts/wgate.dll?~service=XGWFC2&_FUNCTION=Z_WWW_RE
SET_PASSWORD>
3)  Confirm Your EID
EID (External Identification Number) allows Enron employees to share unique
identification numbers externally without creating a security risk.  Accounts
Payable will use EIDs to electronically route invoices through iBuyit
Payables for coding.  Your EID can be accessed via eHRonline:  log on to
eHRonline, choose &Personal Information,8 and select &Other.8  Your EID will
be listed.
4)  Remind Others Who Purchase of Important Vendor Information
If you code invoices, let others know what they need to communicate to
vendors to expedite invoice processing.  Instruct them to provide the vendor
with the company name and number, invoice contact name, coder EID, and the
new PO Box.  (Placing the coder,s EID on the invoice will enable Accounts
Payable to properly route the invoice for coding in the system.)

iBuyit Payables Frequently Asked Questions
To review frequently asked iBuyit questions and answers, visit the iBuyit
Portal:
<http://ibuyit.enron.com/gss/ibuyit/ibuyitfaqs.doc>

Questions?
For general information about iBuyit, send an e-mail to <
mailto:ibuyit@enron.com>.


Please give Judy Townsend, Scott Goodell, and myself  the ability to trade
the physical Canadian products.  We need to be able to see them on EOL.

Thanks


-----Original Message-----
From: 	"Kenneth G Gruhl" <kggruhl@duke-energy.com>@ENRON [mailto:IMCEANOTES-+22Kenneth+20G+20Gruhl+22+20+3Ckggruhl+40duke-energy+2Ecom+3E+40ENRON@ENRON.com]
Sent:	Monday, August 06, 2001 7:00 PM
To:	Mulligan, Amy; Allen K Nielsen; blreese@duke-energy.com; Beck Mayberry; wralkema@pplmt.com; Christopher S Smart; dacluff@duke-energy.com; dlsmith@pplweb.com; dtedesco@duke-energy.com; Schoolcraft, Darrell; Darren Stephens; David Bowers; David P Pell; George X Ouzounian; jjbischoff@pplweb.com; jmtaggart@duke-energy.com; jpritchard@citlink.net; James Stebbins; kglenny@duke-energy.com; Kim White; mschneider@duke-energy.com; mschneider@duke-energy.com; MaryAnne Schneider; Michael Kerr; Michael Wells; rjnewson@duke-energy.com; rspear@pplmt.com; Sherry Davis; Steven Fliflet; Steven Fliflet; tedmayes@aol.com; Ted Romo; Todd Hendricks; Tom Carlson; Tyler J Kristensen; ajreiter@duke-energy.com; kggruhl@duke-energy.com
Subject:	Revised - Griffith Gas & Electric Estimate - Tuesday Aug. 7 HE 8:00 AM to Wednesday Aug. 8 HE 7:00 AM

Expect to get close to peak load on Tuesday afternoon.

(Embedded image moved to file: pic00189.pcx)
 - pic00189.pcx


I thought Port rang you hours ago -= he said there had been changes and he would ring you.

His cell is 7134172565
His home is 2812921469

-----Original Message-----
From: Golden, Jeff
Sent: Saturday, January 12, 2002 5:13 PM
To: Kitchen, Louise
Subject:

Status on var model question of "substantial change in 2001". ?
--------------------------
Jeff Golden


Rob, no hi or goodbye - you are losing your Canadian politeness :)

On a serious note, you are doing the right thing for the company and for
Barry's career.  This will be a good opportuntity for him to get to the next
level if he makes it happen.

As you are aware, I will aggressively support you and the Toronto iniative.
Let me know.

Regards
Delainey
---------------------- Forwarded by David W Delainey/HOU/ECT on 10/03/2000
01:24 PM ---------------------------

Rob Milnthorp
10/02/2000 09:22 AM
To: David W Delainey/HOU/ECT@ECT, John J Lavorato/Corp/Enron@Enron
cc:
Subject: Barry Tycholiz

Barry's yours December 15th.


We arrive in Denver on Saturday evening (the 10th).  We will stay that night
and leave sometime on Sunday for Silvercreek.  We will return to Denver on
Friday the 16th and stay the night.  Our plane back to Houston is early
Saturday morning.  We are staying at a place in Silvercreek (I had not heard
of this place before Kristi's friends made the plans) for 5 nights.  I think
we want to ski there and possibly in Winter Park (it is supposed to be within
15 miles).  How's the weather in Denver these days?  We look forward to
seeing the two of you.  Thanks.

DG

"Sean Mayers" <smmayers@earthlink.net> on 02/17/2001 10:21:28 AM
To: <Darron.C.Giron@enron.com>
cc:
Subject: Re: March

Let me know again what the days are.  Also, let me know what you guys what
to do.  I can get lift tickets for about $43 at the grocery store.  Talk to
you later.

Sean


Torrey:
Can you also approve Mike Maggi to trade crude as well.  Thanks for your help.
John


I would like to have this same monthly reporting for all offices of the US.
This sort of piggybacks off the discussion we had yesterday on the need for
office information.

Do you have someone in your group who would have time to take on this
project?  Should this project reside in your group or somewhere else?

If  you could give me your thoughts I'd appreciate it.

Regards

Shona
X39123

---------------------- Forwarded by Shona Wilson/NA/Enron on 08/15/2000 10:22
AM ---------------------------

Rob Sexton@ECT
08/15/2000 09:57 AM
To: Shona Wilson/NA/Enron@ENRON
cc:

Subject: Re: August monthly status report for MG

Shona

As per my voicemail I attach a copy of July's report in order to give you an
indication of the type of comments included.  Also, I can confirm that the
report is circulated throughout the management of commercial and transaction
support.

If you have any further queries please do not hesitate to contact me either
by e-mail or by phone on +44 20 7783 5551.

Best regards

Rob

	From:  Shona Wilson @ ENRON                           15/08/2000 15:34

To: Rob Sexton/LON/ECT@ECT
cc:

Subject: Re: August monthly status report for MG

I can write up something for you.  What subject matter would you like me to
cover?  The overall integration in the US?  Who is the audience for it
(commercial, commercial support only), and what time frame do you need it?

You can reach me at 713 853 9123 if you would like to talk.

Regards

Rob Sexton@ECT
08/15/2000 09:23 AM
To: Shona Wilson/NA/Enron@Enron
cc:

Subject: August monthly status report for MG

Shona

I am working within European Financial Operations on integrating the MG
companies within the monthly status report for Enron offices - please see
attached.  The data held so far on this document has been obtained from our
records but may contain inaccuracies/ommissions due to the disparate nature
of information.

In order to obtain an update on the progress made with the integration of the
North American Trading and the Americas Origination companies I was hoping
that you, or someone within your department, could add a short paragraph
summarising the status of work taking place on each of the above companies
and ensure that the details as noted are correct.

Many thanks for your assistance.

Best regards

Rob


Louise - On April 10, our analysts at Merril Lynch (Donato Eassey and Carl Kirst) are hosting an evening with senior mgmt. of energy merchants for 25 of their top insitutional clients.  The event will be at South Shore Harbor.  We have arranged this on your calendar to participate as the senior Enron rep.  Other energy attendees we know of at this point include:

El Paso 	Clark Smith
Dynegy  	Mat Shoutsman
Williams  	Bill Hobbs
Duke  		____ Kelly
Enron  		You

I do not have a specific agenda or client list yet - will send as soon as available.

Starting mid afternoon (time to be confirmed - likely between 2 and 2:30), Merrill will set up 5 separate conference rooms with a company in each conference room.  They will rotate 5 clients from room to room every 20 minutes to 1/2 hour to meet with each company executive and IR person.    They would like each company to put together no more than 5 slides with their strategy, focusing on distinctions.  The sessions will be informal, allowing the firms to ask specific company-related questions.

Donato has been a long-time sailor and has a 50+ foot boat.  At 5:00 p.m. they will take the boat to The Aquarium (you can also drive to the Aquarium - 10 mins.).  Dinner will be at 6:00 and this should be done by 8:00 p.m.  At that time they will board the boat again back to South Shore Harbor.  Whoever decided to drive to dinner can leave at that time (might be a reasonable alternative for someone in late stage pregnancy!).

We don't often ask mgmt. to give up an evening when in Houston, but this event is important to Merrill.  I expect the to 25 firms represented to be worthwhile.  I very much appreciate your availability - will be in touch with more specifics.

Thanks, Paula


Dear Pam/Michelle/Mary Joyce,

I have not heard anything from Mr  Lay'soffice yet as a response to the email I sent last week. I am very sorry we have come to this but I have already contacted law firms in Braziland Houstonto evaluate my options for enforcing my contractual rights. I understand Enron is in a difficult situation but the payments were due and the invoice was sent long before Enron got into the present problems. This course of action is not what I want,especially given the fact that there is a serious risk this may become public in Brazil, causing additional unnecessary problems to Enron.

Once the lawyers come up with a recommended course of action, and out of respect for Enron and Mr Lay, I will place an additional call informing you and Mr Lay's office of the actions that will be taken. This should take place this week.

Please let me know immediately if you hear anything regarding the authorization of the payment. Also please acknowledge receipt of this email.

Best regards and once more thank you for trying to resolve this with me over the last few weeks.

Diomedes Christodoulou.


Start Date: 1/31/02; HourAhead hour: 5;  HourAhead schedule download failed. Manual intervention required.


keep sending the message board quotes.  Sometimes when I open them I have
trouble locating the specific quote (other times I'm taken right to it).  Do
you imbed the URLs differently?


Tana -

I forwarded the BETA to Justin, but I do not have the PA.  If you have a copy
could you please forward it to Justin.

Thanks.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com
----- Forwarded by Mark Greenberg/NA/Enron on 02/26/2001 08:50 AM -----

	Justin Boyd@ECT
	02/26/2001 03:07 AM

		 To: Mark Greenberg/NA/Enron@ENRON
		 cc:
		 Subject: Re: Legal and Privacy Statement

mark

could you also let me have copies of the PA and ETA for Brokers

Thanks.
Justin

Mark Greenberg@ENRON
23/02/2001 20:27
To: Bob Shults/HOU/ECT@ECT
cc: Mark Taylor/HOU/ECT@ECT, Justin Boyd/LON/ECT@ECT

Subject: Legal and Privacy Statement

Bob -

Attached is the final version of the Legal & Privacy statement for the
website.

Please let me know if you should need anything further.

Mark
Senior Counsel, ENA
Phone:     713-345-8897
Facsimile: 713-646-3940
E-Mail:      Mark.Greenberg@enron.com


The word is getting out!

Sue Mara
Enron Corp.
Tel: (415) 782-7802
Fax:(415) 782-7854
----- Forwarded by Susan J Mara/NA/Enron on 07/19/2001 11:06 AM -----

	sue <smara@enron.com>
	07/19/2001 11:03 AM

		 To: smara <smara@enron.com>
		 cc:
		 Subject: Capitol Alert: Dan Walters: Political, financial mischief slide
quietly into annual state budget

This message was e-mailed to you from sacbee.com.

Dan Walters: Political, financial mischief slide quietly into annual state
budget

(Published July 18, 2001)

As wholesale energy prices began to soar last year, California utilities
sought relief from the volatile spot market, including the authority to
negotiate long-term supply contracts.

  In early June 2000, the state Public Utilities Commission voted 3-2 -- with
PUC President Loretta Lynch in strong dissent -- to allow long-term power
purchases outside the California Power Exchange, which was then the only
permissible source.

  A few days later, someone slipped into a complex, multipart bill related

You can see the remainder of this story at:
http://www.capitolalert.com/news/capalert04_20010718.html
ADVERTISEMENT

This story was sent to you via sacbee.com.

Copyright , The Sacramento Bee
Dan Walters: Political, financial mischief slide quietly into annual state
budget

(Published July 18, 2001)
As wholesale energy prices began to soar last year, California utilities
sought relief from the volatile spot market, including the authority to
negotiate long-term supply contracts.
In early June 2000, the state Public Utilities Commission voted 3-2 -- with
PUC President Loretta Lynch in strong dissent -- to allow long-term power
purchases outside the California Power Exchange, which was then the only
permissible source.
A few days later, someone slipped into a complex, multipart bill related

You can see the rest of this story at:
http://www.capitolalert.com/news/capalert04_20010718.html
Copyright , The Sacramento Bee


Thanks for the effort.  Not looking so great.  We should keep plugging away,
however.

Trucks with bullhorns?

Best,
Jeff